 Welcome to July set news or Dan for short. My name is Rob and ladies and gentlemen today We have a lot of things to go over so just as the thumbnail the title suggests is come some concerns about what's going on With grayscale Bitcoin trust and the proof of reserves But thankfully coinbase came to the rescue and said Verbally that they have everything so we're gonna go and talk about that also talk about our JP Morgan applied for a crypto patent back in 2020 and now just got approved so remember Take a look at make sure that you understand what they are doing Not just what they're saying and then also another traditional finance guru touts crypto and I got to ask you the question Are they really good for this space and then lastly we're gonna go over a question I got from yesterday's video with crypto trader Tom crown and then lastly lastly don't forget the shield folio Giveaway instructions about what's happening and we'll go over that in just a second. So first things first I need to tell you that Sometimes two heads are better than one and what I'm talking about is there's this guy I don't know if you know him his name is Jerry Hall. He got a YouTube channel He's got a lot of had a lot of high-profile people on not too long ago Tom bill you He also had this guy named Ralph Palin. If you heard about them Greg Foss also, I think he had a Peter McCormick on and He's my go-to guy if I want I kind of want to understand what the heck is going on with the market So without further ado, Jerry, thanks for stopping by So was that again, but I got tango problemos con well, obviously Ablando Espeño porque no es de mi primario idioma. Ah, that wasn't okay English English. So Rob. It's nice to see you Thank you for coming on Jerry. I appreciate it. So what just let's just jump into it So first things first just so everybody knows that yes I do giveaways from time to time. Don't say that this don't block me or anything like that But the shield folio I'm giving away one. I'll probably give away one every day and sell Black Friday, but these things are great. I got one myself and not only that is that if I would have used this damn thing In the very beginning. I wouldn't have lost my 20,000 Ada Which I just misplaced the scrap of paper. So this one it's waterproof It's terraces and all that good stuff and you can win one today. How do you do that? I'll talk about that in a second also couple of things There was this court I put out Success has many fathers, but failure is an orphan What that means is that when you're right or when you're success or when something is successful Everybody wants to claim it for themselves. Yep. I did that. I did that Whose kid is that success? That's mine. No, that's mine. It's mine. Everybody wants to take credit for it but nobody wants to Fess up and say I screwed up essentially when there's an orphan around like I'm not not gonna not I'm not gonna claim anything with there and The thing is of course, I have made many mistakes. I'm guessing Jerry is not perfect either Jerry. Am I right? You're not perfect No far from it sir far from it Perfect. So one of the things why I tweeted this morning was you know what I don't hear people talk about Where they say stop spreading FUD stop spreading foot nowadays, it's all it is stop spreading FUD I am complicit in that I should have listened to the FUD campaigns a little bit more closely and moving forward I'm going to do so which leads me to my first story grayscale Bitcoin trust so The the issue was before I get into this whole thing Binance came out and said we need more transparency. We need proof of transparency this Merkel tree We want everybody to come out the central as exchanges and say hey Here's our information. Here's what we have as far as digital assets and crypto and everybody did it Well, most people have have done it or are doing it But for some reason grayscale Bitcoin trust is dragging its feet Jerry. Have you heard about this story? What do you think? You know, I think that in the light of the FTX blow up The spotlight is going to be on those organizations that do comply with transparency That do provide the Merkel tree data not to mention who becomes compliant with whatever The FASB no FAB. Yeah, the global the global financial action tax force Guidelines come out. So it's gonna be interesting to see who does comply who wants to be Quote-unquote, we'll just call it the transparency act of 2022 whoever wants to comply to that I think is doing so for two reasons one They want to retain a customer base, right? Right? Sure, right out there and attract further customers because Right here on the screen. It says 100 percent scams. Everything's a scam until proven otherwise I like people are going to adopt that if we've been burned too many times In this industry and the legends go all the way back from, you know, Mt. Gox to the present day, right? failure deceit Will your deceit failure deceit and people are getting tired of it They're gonna demand better. Yeah, I do you do I got my I Tried I try you know what this this is what concerns me is that everybody says we'll never forget. We'll never forget But But the thing is people are like unfortunately not us, of course not us But people have the memory of like say a goldfish and before you know, it's like I don't know There was there's a great interview on bankless with Jesse Powell former CEO of Kraken Where he was talking to other people that had been the space he's been since like 2010 And he says it astounds me the people that I know Who have been in this space for For years and years and years I mean going back 2012 1314 who had a large portion of their funds on a centralized exchange And those guys know it because they went through Mt. Gox that lost everything now And he goes it's amazing how people just forget and I'm like if those OG's Can screw up then what's the chances that we won't screw up? So I really come out of this So that's why like I I wanted to bring this to every attention because everybody's kind of like writing off Like it's good. It's good. I'm not so sure and I just that's why I brought Jerry on Because I just want to get a different set of opinions. So here's what's happening in this world So let me just break this down. So block work says Coinbase custody has revealed the amount held in each grayscale product as of September 30th Granted September 30th. Let me do some quick math That's about a couple months ago. So no cold addresses were shared But this is what they say it is look they said grayscale Bitcoin trust. They've got 635,000 200 about Bitcoin, which is 10 Million no 10 billion. It's gonna be 200,000 or 4,000, right? grayscale of them and trust has 3,056,000 ETH and on down the line ZCAST trust Bitcoin trust horizon trust elements file a coin trust and Then the large cap fund, but this is What they also put out coinbase custody is Obligated to each grayscale product to fulfill a number of critical operational practices that ensure the digital assets underlying each grayscale products are safe as described below French what they say is Each grayscale product has their own on-chain addresses, but we're not gonna Release those as we use client by client custody segregation, which I gotta tell you they're not co-mingling of funds that part is great Coinbase custody always ensure that each client's digital assets are segregated on-chain in deep cold storage from both the property of coinbase custody and Assets of other coinbase custody clients. This means the last that's underlying each grayscale product will never be commingled with or confused Of any other client and then down here. It also says the digital assets underlying each grayscale product always belong to the applicable Product as fiduciary and custodian digital assets underlying each grayscale product remains such products exclusive property Coinbase custody is not ever take any right interest or title to any digital assets or any grayscale product So they're saying look trust us bro because this is what we do However, when people say well, what about proof of proof of reserve show us because they said right there. There's the cold storage What do you think Jerry well, okay, there's an element there's an element in the context in which you deliver that They're saying trust me trust me. No, they're not saying trust me. Trust me Rob Coinbase unlike other people like, okay, here's the contrast to two things going on right now in this industry You've got nexo a platform. I love and have done business with a long time Okay, our minano is this auditing company that for them not publicly traded company Coinbase producing audit Giving us results, right is a publicly traded company right, or anything Coinbase puts out as official release is Liable not only criminally, but civilly. I See, you know the auditing agency for nexo No such requirements. So it's important. It's really really important for us in the crypto industry to understand the difference between those folks That are upheld through the laws of the land through the SEC or CFTC or the US Department of Justice versus those that aren't Okay, is a different there is a completely different level of Accountability and trust with a publicly traded company in the United States and one that isn't Just think that's an important distinction to make Got it. So, you know what so okay? I hear you and I'm glad that you told me that and of course That's also great information. That's why I have you on Jerry. Thank you so much But you know some people are screaming at their screens right now. They're screaming at them. They're going but Jerry Hall Not that FTX is not of course not a publicly traded company. They're in the Bahamas, but they have FTX us Of course There are the shenanigans the problems the the double-dippers the people that are just not On par so even though they they say that now it becomes down to level of trust So they could say it could of course could they lie to their teeth and just say well This is what we have and this is what we have to save our bacon Just like what SVF did they could do that, right? But would they not be liable like you were talking about the Publicly coin base would be liable coin base, right? That's what I'm saying. So would not next. So of course Exactly, okay, so So right now some people are like I don't care. I don't trust anybody I think that's that's where we're at right now in this realm of the crypto space No one trusts anybody and do you I don't blame you talked about in the very beginning So I think the only way for them to say to trust my I guess the next question would be why not Whip out those cold storage addresses and just go okay. You want to verify here's your verification I know there's they they talk about a security thing But why do you know why I grade and I'm sure that there are some systemic risks To to that that they don't want to subject grayscale to and I applaud them for not subjecting their Customers to risks that are unnecessary But I think I think here's what we what we've got in our favor, right? it's easy to dwell on the bad things and those of our little 100 million people worldwide that are like heavily deep into crypto we can go off for hours talking about all the stuff Let's take a look at Joe Smith Who just saw for the very first time a post on Twitter or Facebook about Bitcoin and he's kind of trying to figure things out, right? Right. Well, if if one of the first Google search is he does with you know Who can I trust with my Bitcoin and fidelity? digital assets pops up or the Fidelity investments pop up. We're talking about a 50 60 year old company Trusted trillions of dollars of assets have never had customer asset breaches or any of those quote-unquote Negative things and now they're offering their customers Bitcoin and Ethereum How cool is that? Let's let's look at the other side of the coin people who are not maybe necessarily into Quote-unquote crypto, but love the ease and love the concept of a lower-cost payment system You got Apple pay adopting USDC Apple pay one of the largest money transmitters in the world not just in the United States in the world is starting to adopt a digital asset for retail payment rails These are all really really exciting things that all the stuff under the hood. It doesn't matter Sure, you know, I know what you mean And I think I think getting into it the optics look good the optics look great, don't they? No, we've got I mean we've got the gray scales. We got the fidelities We got the bny melons we've got a lot of things going on I mean we're just gonna find by JP Morgan getting their patent out and then of course everything looks good And everything's going on in the background and then of course we got this I think there's a there's a big difference Between the price action because everybody wants numbers to go up. Do they not? Yeah, but but everything's in context keep everything So for just a second, I'm I'm gonna go off memory here. So please don't hold me to the penny I saw I saw a slide put together by micro strategy for their last Stockholder presentation that showed since March of 2020 Yeah to today Bitcoin still has outperformed everything. Oh, yeah, it has and of course like $10,000 it is outperformed Everything and it's down 60% from its high 75% from its high All it's all time frames. Of course, of course the gold bugs and the huh, sorry Even talking golden servers down since right now's a march of 2020. So you're an investor, right? if you only had a dollar to invest and You understand the sectors that are available to you Bitcoin is still by far the best producer in that time frame So even with a hugely depressed price in my opinion in your opinion anybody that's been in crypto for any period of time We'll tell you these prices are depressed The point is it's still the best investment available If you only have a dollar to invest where would you invest it that you would get a better return than what we're doing now And obviously it's speculation the answer speculation. We don't know the future. Yeah, always tremendous upside So you got to think about to yourself like and just what you were talking about. Let's get this would lead me to my next point Which would be Watch what they do not what they say. We know Jamie Diamond. Not a big fan of Bitcoin and digital assets. However in the background JPMorgan officially registered a crypto trademark and I want to first us. I'm like who cares just trademark This is but it goes deeper than that First of all documentary from a granted us PTO ab JP Morgan was officially registered a crypto trademark titled JP Morgan wallet Brannis set to support virtual currency transfer exchanges and crypto payment processing. This was actually broke by Mike Condos and says look this register trademark is going to be for virtual currency transfer in exchange crypto payment processing virtual checking accounts financial services and just to be Square here JP Morgan fought for this trademark in July of 2020. So this whole time they've been like that this stuff sucks It's awful and things like that But they've wanted trademark and ox 2021 JP Morgan began allowing its customers to invest in crypto funds This was a service that was offered through New York digital investment group So there's a there's a couple of things here to break down first of all is this just because they have a Trademark doesn't mean they're gonna start this up tomorrow You have to understand that the wheels the wheels of finance move slow The next thing is this kind of breaks on not on Jerry's point about fidelity coming in now We got JP Morgan all these pieces coming in with all this going on right now Still we're very sluggish in the crypto market. I think they're trying to get their their feet into it You would think there'd be more so and then people will say well Robby understand because of a lot of OTC deals and people being a buying underneath the table and they're really accumulating I'm like maybe perhaps. I just think we've got a long way to go I still believe in the four-year cycles, but I think it's still a slow game. I don't think it's a get rich quick type of deal Jerry, what do you think? I? Can't I could not agree with you more. I want to bring up a point Watching your last DCA show with James and Ben that was that whole show was focused on What lessons have we learned? mistakes that we've made I had a big one right 2021 was a huge learning lesson for me. I'm sitting there November 2021 over a million dollar portfolio. I'm acquiring all this land in Costa Rica I got all these projects that I'm going to do and I look at my portfolio today Rob. It's at $60,000 But I mean I own property in Costa Rica and I have a lot of stuff that's generating yield and you know I'm collecting hundreds and hundreds of dollars every day and yield and all that's wonderful Right, but the point is the point is my biggest mistake Wasn't in any of my strategy except the not-take-profits part And I had been talking about this market in this industry was going to be three steps forward two steps back Three steps forward two steps back. I've been saying that for a long time We take three steps forward and I don't cash out a chunk Right Hello Well, you know, listen to your own advice listen to Rob Profits, it's okay. Nobody ever went broke taking profits I've heard that sir. I've heard that Before what what am I thinking? So I thought this is what I my context that I was holding I said, you know what and I made myself a little a little post note sitting here on the computer It says what can I do better in the future? And I am going in and that is my little kind of cue to do some real reflection And instead of coming up with a good saying actually take action How do you do that take action today? Sometimes it's little like you know what I did today. I turned assets into USDC Okay, any little thing But today in my assessment of what's going on and what I think the next three or four or five weeks will be I Thought it was the best course of action This is this is why like like me and Ben me and Ben friendly could rest we don't agree on on some things obviously and He's always talking about taking a cold shot Which is actually pretty stage advice if you think about it for Alts, but I still DCA I micro DCA and I told everybody why because I I want to I I'm not gonna spend like what I used to spend and put into crypto because this is not the time Let's be honest. There's there's bigger gains But there are many bull runs in these in these little bear markets or bear market rallies And it teaches me and it reminds me that when I'm up 10% or 15% don't be stupid You know the diamond hands a genius you can take some profits along the way and then that kind of gets you primed For the big run-up. That's that that's that's pretty much it and that's what I've been doing It's not much trust me, but it but it's enough to where I grease the wheels and I go Okay, I know how to do this and and it remind me that hey, I gotta do these things Every everything's relative right like You have multiple businesses and you have multiple income streams, right? Yeah, some of them are derived from your labor and some of them are derived from your Cunning investment a year ago two years ago three years ago, whatever it was, right? Yeah, not everybody's the same, right? So if you have an income Then DCA is important in one way or another, right? I've had to create an income through yield of my actual assets Yeah, I do now have an income and so I have this simple simple little strategy It's either going the yield is Basically, I have enough to live on and then everything over that either goes to USDC and I'm stock $2 or it goes to Bitcoin and everything's relative to my entry point my cost basis and all this that and the other thing so Yeah, sure, you know what I mean, so I try to I do try to get a little wrapped Bitcoin every day I'm doing that in the cosmos world. It's super cheap. It's super simple Super fast super efficient and I really like it in it. No, but no platforms are holding my stuff Jerry you're you're a degen. You're a degen with the cosmos and I know you are but it's worked out so far It's cool and tell it ain't right Well, yeah Well, yeah, exactly so Speaking of cool and tell it's not let's just let's flip this one into it these The Treadfy guys coming in so this one right here This is Bill Ackman and What he says in this thread? Let me pull up this thread real quick Bill Ackman, you know this guy right here and he talks about Yeah so he's he's getting into crypto and he talks about how it can be he goes I used to be a not very a Big of a cheerleader of it now that I can see the actual Implications of what it could bring forth as far as the benefits moving forward and he talks about too. He talks about two products themselves one of those helium and the other one is Lime bike this isn't it one more He says he invests in these two companies tram labs and tax pits so right now I think people are looking at going well first of all, who's bill Ackman bill Ackman is this guy He's the billionaire. He made a hundred full return on the coronavirus hedge And not that that's anything to brag about you turn 27 million and 2.1 billion and how he did this He bought a portfolio protection that he could find Focus on credit markets with spreads that are a gauge of riskiness and fear at record lows And then of course, this was a while ago But on Monday he went on to CNBC and he talked about how awful The economy was gonna be and he was right and then right after he did that He took off the hedges and he made 2.6 billion 2.6 billion. Excuse me So here he is talking about how great Crypto is and and how he's gonna get into it. It's but it's trying to be transparent. So Jerry, I'm not gonna Dwell on this too much, but are these guys good for our space and Why you know are they that's it, you know, I don't know. I don't know they're drawing attention to it I can tell you that if he can if this is just another boy who's set up an industry to short it That's his game plan. That's Bill Ackman's entire playbook is Set something up for the big short. Do you remember? Nutra Newt the the global Pyramid network marketing health Nutra something Nutra green, Nutra Anyway, he went on a big one. It is years ago years ago. That was one of his victims Nutra vertical. No, Nutra. Nutra green or Nutra Health or something. It was one of these worldwide Network marketing health food thingies. Okay. Okay. I remember this Yeah, yeah, yeah, and he that was his whole deal is set it up for the big short and You just wrote you just read his most recent one Who's the corona boy? Well, is he good for the industry? You know, I don't know. Is he good for Tragfi, I don't know But I think what he says is true. I think crypto in that first line he Harkins and describes crypto like electricity like the telephone like the internet Yeah, and I agree. I think I think this technology is fundamentally going to change things and More business will come to it because it's cheaper stronger better faster Well, let's hope so. I just sometimes I just look at these guys and I think to myself Where's the play, you know, what are you here for because you're not I mean you can say you're here for the tech and to help people out everything else But there's a reason why I got to where you are I'm just and I'm not and I'm not saying it's something wrong about being a billionaire It's the free market you where we want to you can make a ton of money. That's great I just always I mean the with with recent events I am a little bit even more jaded than I was in in 2018 2019 just to thank myself Where's this all going soon? So all right, Jerry Can I ask you Yeah, I'm curious what your big take away from the FDX thing is What have you learned your reading and understanding of what happened? What's your big takeaway from the FTX thing? Sure, I'm gonna tell you so I was on a space Supposed to be in a space yesterday with Swiss boy I couldn't make it the whole thing and and they had a couple of people there was one a gentleman from Coinbase and what they were doing as far as like Regulation and things like that and I was just listening to the whole thing. I was thought to myself. I Don't think this is where we're going. I don't think this is where we need to go I mean not with regulation just with central as exchanges what it taught me was this first of all I was wrong and when I talked about People for self-custody. I would always give the example of well If you're a single mom with three kids and two jobs and trying to have a life It's very hard for you to self-custody. However How long does it really take to learn and I think when you can start to become and say like oh I don't need these third-party people. I don't need to have a middle person to help me out I can actually be my own bank. I can actually do the loans. I can gain the yield I can I can Make these payments and I have to rely on somebody who can or cannot shut me down and all I need is just a ledger and a stonebook To put in my mnemonic phrases and I can do anything I can do and great and also there's this great website called Dante's Crypto That's not a percent free. I learned everything. Okay. That was a shameless plug However, it taught me and what what it taught me was this is that We went down a path We shouldn't have gone down as far as us getting into bed with the traditional finance players And we were okay with it because everybody's making a bunch of money And then once we figured out that the bunch of money wasn't being made and then it was a big rug pull Now we start to think to ourselves What did we miss? Well, we missed the fact of the whole point of what crypto and digital assets We're supposed to do to get away from Treadfy to get away from the banks to make something else a little bit better a little bit more all encompassing especially for on on a global scale, so I take a look at these these Twitter spaces sometimes and they're talking about how great The next centralized exchanges. I'm like, I think that's the wrong way That's that's kind of like like what what is teaching me is that is it is it going to only be? Self-storage and self-custody. No, I think it's like training wheels You know like you start off with a centralized exchange until you get screwed over then you're like, oh Maybe I should actually learn how to do self-custody Jerry. Would you take from it? I took two things away from it one? really how far away as an industry we really are from a Easy secure user experience. Oh, yeah, that can easily be managed from this device that is safe Hmm, we're very far away from that Right. I gotta agree Nobody's gonna have a phone experience that is is secure as their ledger Nana Right. Well, you're just not okay. So there's that the other part and this was the scary part. I Had never really put this together until FTX and that is how similar Crypto has become to the traditional world in that fractional Reserve Banking is Such a large part of the crypto industry and how dangerous fractional Reserve Banking really is I mean, it really is if you don't have a US Treasury Department backing your play and You're doing those kind of things. You're on a house of cards Yeah, you're on you're on a house of cards and it's just the things that you have to you have to think about and it really comes down to risk management and If you're okay, this would lead me to the question from yesterday and it was all about exchanges and what it comes down to is this there was a Fun fun time video me and Tom crown he came on Sunday and he critiqued my 2025 potentially 29 about who knows and my next crypto exit strategy and One of the things that he talked about was limit orders And when we talked about because traders to me are they just think to me they're in a whole nother world another Planet I didn't really get this value. Huh? What's that? It's the way they assess value, right? Right, it's definitely also they're assessing risk differently because you can't have the value without the deal without the exact Without the risk you have to take a little bit more risk to get a little bit more of a game So but there were some things that Tom said that made a lot of sense to me First of all, he said the best trades you sometimes take years And he talked about his lemon orders that would just fill and he talked about March 2020 when everything went down below 4,000 for Bitcoin 3,900 somebody goes I never thought that would get filled but it did and it was it was a huge It was a huge boom for me and then a couple of other things where he talked about how he's a trader But 98% is in cold storage. Well, he only trades like 2% And he's like so he goes people who are talking about like you got a trade you got a trade He goes, you know how many traders are unsuccessful most most So he said he goes this is just for just for additional gains or losses But I mean he follows the rules like I do but the question that came out was this this is from that D run ski Great interview guys Rob. I love how you let your guests speak. I'm hoping I'm letting Jerry speak and I'm sorry without talking over them It's all work very last comment the show was about limit orders If you have limit orders out there, you'll need money in the account to cover them if they hit correct Which means money on the exchanges so it's not a slippery slope leaving cash or USDC on the exchange while waiting for orders to fill Maybe I have it all wrong. Thanks to advanced Jerry. What do you I guess it comes out of what you said, right? Well, I'll tell you what okay So understanding the the environment that you're in right? Yeah I'm sure there are people that only think that you can trade with a limit order on things like coinbase finance crack and blah blah blah blah That isn't necessarily true. No, I mean, I think dydx an ethereum based decentralized exchange has limit order potential No, I know they're coming to the cosmos and I'm really excited for that because the you get out of the Ethereum and in the fee that just collapses I mean it becomes very affordable to do things you get outside of ethereum There is another couple of exchanges. I won't name them because I'm not sure them, but there are other thank you Realized changes that are working on real-time order books Hmm and again, here's the thing. So it's just like staking, right? Here's the here's the technical concept When you are staking your coins to a validator, let's say you're you own Cardano and you're staking to Dan Digital asset news validator, right? You digital asset news validator do not own the rights to my coins exactly All right, the same is true on a Decentralized chain exchange with an order book for the most part if you are controlling the wallet If you're yeah, yes, right? We have to be taking Okay, okay, so there is no custodial risk Beyond the normal custodial risk You know what your risk because of a decentralized platform And once people start to understand that and start messing around and playing With these things and getting comfortable with the the buttons and the mechanisms and the different graphics on the different ones You're gonna see more and more people teaching more and more other people how to use them because you minimize platform risk Expedentially because there's it's the same risk is staking your coins with your validator Blah blah blah. I mean it sure they're brilliant. So that's my response to that tweet or that question I think so and I look at that I think myself Because I was thinking the same thing I'm like, well, couldn't they do that on on a dex with the smart contract functionality, right? So you put everything in there if I can use my my dead list wallet and I can delegate to whoever State pool operator that I want to why can I just do that and have them move things around that? But but but there's a double-edged sword. I think because you know what's gonna happen There's gonna be a project that gets it right with smart contract functions and everything's gonna be cool and good and There's gonna be a couple that are gonna screw it up just like the other Not dexes, but but defy protocols that may or may not be rug pull operators And they just made a mistake or they're just straight up rug pull people and then off they go I I think and but that's the thing Time always time flushes out the bad ones. Yeah, and of course since we're the Pirates tolerance, right? How willing am I to to be first and try? Because you know what it is the pioneers you can always tell a pioneer because those are the ones with the arrows in their backs Because they're the first ones All right, so so guys so that will Conclude today with the news and what's going on. So there's two things first We're gonna do a little Q&A Jerry got time to stick around answering questions Absolutely nice and then let's talk about this this shield full folio giveaway and just so you know there's two things you got to do first you got to like this video and Sorry, it's not negotiable like this video and then there's a link in the description Looks something like this And it says like the video comment like and retweet this tweet Which is gonna send you right to this tweet right here and what I'll do is I will draw the winner Tomorrow live on tomorrow's show. So just go there All you gotta do is comment like and retweet this tweet to get yourself a shield folio also if you don't win no big deal Guess what they're gonna be 50% off on Black Friday, so actually excuse me on Thanksgiving the 24th and then Black Friday the day after that so for two days You can get a 50% off if you don't win Hey, we're not all winners right and that's what conclude that part So if you liked today's video and want to win a Want to win a shield folio like and subscribe or at least like and that takes care of the news now Let's jump over to the Q&A, which is my favorite part of the whole show and let's get to it Jerry. Let's do this Let's do