0:00

Bitcoiners have a different take

0:02

on the mainstream inflation narrative.

0:04

Michael Saylor teases it securing

0:06

more Bitcoin and Washington's stable

0:08

coin bill is moving forward.

0:10

If you're holding home tokens

0:12

and you woke up a

0:14

few days ago, you might

0:16

have said, oh my godzilla, as

0:18

the token instantly dropped

0:20

90%. And we can

0:22

all see bots are

0:24

killing social media. Can

0:26

decentralization save it? With

0:28

the progress happening in

0:30

AI, we're just one

0:32

step closer to being

0:34

made redundant. But for

0:37

now, you've still got

0:39

the real thing right

0:41

here as we discuss this

0:43

week's Things and Stuff

0:46

on our bad news

0:48

episode number 773 of

0:50

the bad crypto podcast.

1:13

Once again, as promised, this

1:15

is the bad crypto podcast

1:17

with Sir Lord Jolkom and

1:19

Sir Lord Travis Wright. Still,

1:22

only Sirs and Lords haven't

1:24

added any new titles in

1:26

years and getting kind of,

1:29

you know, I think it's

1:31

time for Duke or Baron,

1:33

Earl, Earl. Oh my god, yeah, count, calm,

1:35

you could... King, I like count,

1:37

I like count, count, calm, whatever.

1:39

You can count, count, come, huh?

1:42

I want to say this if

1:44

you want to call us you

1:46

can because we have a number

1:48

708-885-9030 is the bad crypto hotline

1:50

and we want to hear from

1:52

you. We haven't heard some friendly

1:55

voices in a while. We know

1:57

we're getting thousands of listeners every

1:59

episode. Why don't you call us

2:01

and we can hear your voice

2:04

for a change? Yeah, tell

2:06

us a funny joke or

2:08

make a prognostication about the crypto

2:10

markets and maybe we'll play

2:12

you on the show. And

2:14

if you prognosticate really well, then

2:17

we might bet on whether or

2:19

not you're going to be

2:21

right, which you can do

2:23

with one of our sponsors Stacey.a.a.

2:25

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winning and they're working on their

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being done and they have

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the sport token that is

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available on the base blockchain but

2:58

this right here is very

3:00

fascinating because you know they

3:02

said if you could get to

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like a 55% in winning on

3:07

sports bets, then you're doing

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really good. Well, these guys

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and they're getting really close on

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it. They're fine-tuning. They're LLLM.

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3:24

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out for yourself. S-T-A-I-C-I-C-Y Stacey.a-I and

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we appreciate them sponsoring this show.

3:40

Time stamp right now we

3:42

are recording at 3.22 p.m.

3:44

Eastern Time on the 15th of

3:46

April either have filed your

3:48

taxes today or your extensions

3:50

because it is tax day the

3:53

current crypto market cap at 2.75

3:55

trillion. Mostly green. across the

3:57

markets this week. Bitcoin just

3:59

over 84 at 84 168. XRP

4:02

at 2.13, B.N.B. 583, Solana at

4:04

128, Tron, at a quarter,

4:06

doge coin, 15.5 cents, and

4:08

Cardano, at 62 cents. And check

4:11

this out, Trav, really, Farkoins,

4:13

the big winner in the

4:15

top 100 for the week, up

4:17

49, and hardly any red, with

4:19

the exception of one token

4:21

that we will be talking

4:23

about soonly. Yeah, a lot of stuff

4:26

going on in the crypto markets

4:28

as the stuff is kind of

4:30

shaking out and we're trying to

4:32

figure out What is the trajectory?

4:34

Are we going to have that next?

4:36

Big bull run? Are we just gonna

4:38

kind of are we going to ease our

4:40

way down ease on down the road? Who

4:42

were the big losers this week? There

4:45

weren't only mantra home. That's it

4:47

that's that's it The rest of

4:49

the market that's not a bad

4:51

week. I mean there's I mean

4:54

with the last week with all

4:56

the tariffs and stuff that the

4:58

terrible tariffs that were going on.

5:00

Oh tariffs are scary. Bitcoin dominance

5:02

at 60.7% the crypto fear and

5:05

greed indicator we are at 31

5:07

fear not quite as drastically horribly

5:09

fearful as we were in previous

5:11

weeks. And you know Travis typically

5:13

they say that the spring when

5:16

you hit May it's it's like.

5:18

sell in May and go away

5:20

is what they typically say. Is

5:22

that what they say? That's what

5:24

that's typically but I don't know

5:26

if that's true for bold

5:29

years in the cycle and

5:31

I feel like Trump has

5:33

shaken up everything that we

5:35

can't rely on any of the

5:38

old trends completely and

5:40

I still call me. Not

5:42

cautiously optimistic just pure optimistic that

5:44

this year is still going to

5:46

be a very very big year

5:49

I think tariffs are going to

5:51

work. I think that crypto legislation

5:53

that's very pro Bitcoin crypto and

5:55

blockchain is coming and we're going

5:57

to see an economic boom.

6:00

So you're saying this is

6:02

gonna be a good good

6:04

year Yeah, I saying it

6:06

without music, but yeah Black

6:08

guys P. Yeah Black guys

6:10

P Yeah That's good. So

6:12

that's good stuff. I tell

6:14

you what, it is, that

6:17

chart is still weird. There

6:19

was not a 69% greed

6:21

last week. No, it's not.

6:23

It's still, it's still messed

6:25

up. Maybe we need to

6:27

find a new indicator for

6:29

fear and greed, because I,

6:31

yeah, somebody kick it, fix

6:33

it. Fix that. So, you

6:35

know, I'm not the only

6:38

one who feels this way.

6:40

Pompleano, Pomp, as he's known

6:42

in the Bitcoin circles, say

6:44

that Bitcoiners are the first

6:46

ones to realize that the

6:48

US economic data, the narrative

6:50

that is being fed to

6:52

us about inflation, was wrong

6:54

and he tweeted about it

6:56

on April 12th, saying that

6:59

the actual inflation is 50%

7:01

lower than what the government

7:03

data. is reporting and I'm

7:05

not sure how they came

7:07

to this but you know

7:09

that's really good for for

7:11

inflation rate and that is

7:13

is bullishness and it's taking

7:15

Bitcoiners to to realize this.

7:17

So I guess Bitcoiners are

7:20

the new economists it would

7:22

seem? You know considering Bitcoin

7:24

is the new money right

7:26

and it will eventually replace

7:28

the dollar I don't think

7:30

you're wrong. So right now,

7:32

so if inflation's going down,

7:34

in theory, as they're saying

7:36

that it is, then the

7:38

price of Bitcoin wouldn't be

7:41

moving up tremendously if that

7:43

was the case, right? It's

7:45

almost like as inflation sort

7:47

of pops, the price of

7:49

Bitcoin should be popping, and

7:51

as inflation is decreasing, then

7:53

the price of Bitcoin should

7:55

be decreasing. If it was

7:57

based on that... merit alone,

7:59

which it's not, but this

8:02

does highlight, Bitcoin's role not

8:04

only as an investment, but

8:06

as a lens in which

8:08

to view economic realities,

8:10

Sir Lord Mr. Jokom. Well, yes,

8:12

and I think there's two things

8:14

that we're not spotlighting as we

8:17

talk about what lower inflation

8:19

means. It means that the

8:21

Fed is probably going to

8:23

lower interest rate soon, okay,

8:25

and so that's a boom

8:27

for the economy and quantitative

8:29

easing is probably going to

8:32

happen. They're gonna turn the

8:34

money printers back on and

8:36

we're gonna see money printer

8:38

go burr and combine that

8:40

with more manufacturing. in the United

8:43

States, more Americans working in

8:45

the United States, less money

8:47

from buying from overseas, less

8:50

purchases from overseas, and more

8:52

for the external revenue service.

8:54

It is all the signals

8:56

point towards a massive boom.

8:59

I trust these business people

9:01

that are running the government more

9:03

than I trust the bureaucrats, and

9:06

I think it all bodes well,

9:08

barring two things. We don't get

9:10

hit with any MP. and we

9:12

don't get into a nuclear war,

9:15

in which case both of those

9:17

things are so horrible that will

9:19

have much bigger problems than the

9:21

price of Bitcoin. Yeah, yeah, that's

9:23

true. Now, you know, did you hear the

9:26

rumblings about how... Trump and

9:28

Trump's team and Russia's team had

9:30

a five-hour conversation over the weekend

9:32

about you know extending peace within

9:34

you know the region over there

9:36

and then on the side you

9:38

hear quite you hear things about

9:40

like oh this just bombed that

9:42

just bombed and so I just

9:44

I just wonder what's gonna happen

9:46

are we gonna get a calming

9:48

in that area which I would

9:50

love and the whole world would

9:52

love or the actually the ones

9:54

who would not love that are

9:56

the war mongers who love war because

9:59

war is pro. to global banksters. And

10:01

so, you know, let's see what

10:03

happens, but it does show that

10:05

man, you know, according to the

10:07

four-year cycle, September should be about

10:09

the time where we reach the

10:11

peak of this. But this has

10:13

been an abnormal cycle, Joel. This

10:15

has not been like any other

10:17

one, because we had that. free

10:19

having thing that it popped up

10:21

to an all-time high that it

10:23

had a lull for a couple

10:25

months then it popped back up

10:27

after Trump got elected to 109

10:29

K right 109 K does not

10:31

seem anywhere near the peak of

10:33

this thing it based on all

10:35

math and trajectory should have been

10:37

between 140 and 180 K that's

10:39

where it should be and so

10:41

do we still have that other

10:43

pop in it Don't know man,

10:45

crypto is always will throw you

10:47

for a loop. You can't really,

10:49

you can kind of predict it,

10:51

but you can't predict it. I'm

10:53

expecting a V-shaped recovery here when

10:55

it does happen. Doesn't mean we're

10:57

not going to go down first

10:59

to make the bottom of that

11:01

V, but when it does hit,

11:03

baboom. We did tap 86,000 and

11:05

some think that you know based

11:07

on short-term market behavior that we

11:09

could go to 87 of course

11:11

we're sitting at 84 right now

11:13

and we've seen some resistance there

11:15

and you know looking at the

11:17

one of the things about doing

11:19

the show is we're forced to

11:21

look at the week to week

11:23

but honestly if we were to

11:25

go back And look at the

11:27

predictions that people have made. Like

11:29

if there was a way that

11:31

AI could take an aggregate and

11:33

name the sources by the tweets

11:35

and by the articles of who

11:37

said, oh, we are here, this

11:39

is the bottom. And this is

11:41

what happened. I would love to

11:43

know actual prediction rates of who

11:45

is the most accurate, because most

11:47

people, including us, have no idea

11:49

what they're talking about. Right? Some

11:51

other, some no less than others,

11:53

right? I sent you a message

11:55

over the weekend. I was like,

11:58

Joel, I'm not trusting it. You

12:00

go, I found you, I would

12:02

sell you. I'm not trusting you

12:04

anymore, Joel. Yeah. Don't don't I

12:06

don't know. Like I was that

12:08

financial advice because every time I

12:10

listen to financial advice but that's

12:12

that's not a statement on Joel

12:14

or me or the industry it's

12:16

just crypto does what crypto is

12:18

going to do that's why we

12:20

all say hey don't take this

12:22

as financial advice because we sure

12:24

would like it to be the

12:26

case but it might not be

12:28

but keep an eye on it

12:30

and we're going to give you the

12:32

news as we see it but a

12:34

lot of time. So we just say,

12:36

hey, let's learn about it, educate ourselves,

12:38

and let's get better in the process,

12:40

you know what I mean? I wish

12:43

that I had listened to this guy

12:45

back in 2011. I wasn't even aware

12:47

of him, but his name is Plato.

12:49

This dude right here, Plato, he was

12:51

an early adopter of... Bitcoin he discovered

12:54

it in 2010 he was mining coins

12:56

when Bitcoin was under a dollar and

12:58

this guy Set off on a 3,000

13:00

mile journey. This is the stuff he

13:03

brought with him a suit a whiteboard

13:05

a tent a sleeping bag cell phone

13:07

laptop Nintendo DS for a say kick

13:09

our safety plenty of trail mix

13:11

and he was going to go

13:13

across the country showing that he

13:16

could barter Bitcoin for any supplies

13:18

and shelter those you watching the

13:20

video version of it you could

13:22

see the map that he made

13:24

here as he went cross country

13:26

and he put pins and where

13:28

he stopped and stayed and where

13:30

he everywhere I think it's read

13:32

is where he bartered something for

13:34

for Bitcoin and we have a

13:36

video here that the Bitcoin historian

13:39

put up of him actually trading

13:41

one Bitcoin for gasoline just

13:43

a few weeks after pizza

13:45

day this is one of

13:47

the earliest transaction of Bitcoin

13:49

and wish that that I

13:51

had been Following this

13:53

guy back then he was

13:55

a true seer a profit

13:58

if you will the profit on

14:00

the profits for sure that's good

14:03

yeah nice for him how much

14:05

gas did he get for that

14:07

Bitcoin because that's probably a tank

14:09

probably a tank that tanks was

14:11

a lot dollars worth 30 dollars

14:14

for that one Bitcoin yeah which

14:16

is pretty good considering dude sold

14:18

10,000 Bitcoin for two pizzas and

14:20

then he got it down to

14:23

say here's one Bitcoin that $30

14:25

for that one Bitcoin. That was

14:27

actually for that guy who took

14:29

that one Bitcoin at that time.

14:31

That wasn't a good deal. Nope.

14:34

But boy, if he held it,

14:36

it ended up being a really

14:38

good deal for him still today.

14:40

So Michael Saylor is teasing. Once

14:42

again, he's such a tease. Microstrady,

14:45

now just strategy, owns 528, 185

14:47

Bitcoin. Over two and a half

14:49

percent of the total supply. That's

14:51

mind-boggling to me. Because of the

14:53

actual supply, it's probably closer to

14:56

what, four or five percent because

14:58

of the lost Bitcoin and unmined

15:00

Bitcoin. I mean, and he's talking

15:02

about buying more. I think that

15:04

they will have three quarters of

15:07

a million Bitcoin before this is

15:09

all said and done. Hmm. Yeah,

15:11

I think they're gonna have a

15:13

million Bitcoin by the time it's

15:15

all said and done. Well, really

15:18

hard to keep buying though when

15:20

it, you know, the price keeps

15:22

going up, right? It was easy.

15:24

He just somehow just goes, oh,

15:27

guess what? Just got a bunch

15:29

more, just bought seven more billion

15:31

dollars. I mean, like, dude, I

15:33

don't even know how this dude's

15:35

pulling this shit off, dude. They

15:38

make stock and they issue stock

15:40

and they sell the stock and

15:42

they take it and they buy

15:44

Bitcoin. That's it. They are a

15:46

Bitcoin finance company, which is exactly

15:49

what Game Stop is doing. Game

15:51

stop nobody will ever catch strategy.

15:53

They're too big. They're uncatchable. They

15:55

just can't be done as far

15:57

as a private you know or

16:00

a company goes. But game stops,

16:02

that's what Game Stop is

16:04

going to become. They're going

16:06

to become a Bitcoin finance

16:09

company. And that's it. That's

16:11

the model. Print stocks, sell the

16:13

stock, buy shares by Bitcoin.

16:15

And you know, with as popular

16:18

as the Game Stop got with,

16:20

you know, with Roaring Kitty and

16:22

everything else, it's not necessarily

16:24

a bad idea, is it. I

16:27

see a bad idea. I don't think so.

16:29

Do this almost like printer go burr?

16:31

It's like you just print more stocks

16:33

and then you're going to go buy

16:35

Bitcoin. So it's almost like as if

16:37

the government was able to do something

16:39

like that where they're like, hey, we're

16:42

going to create some more coin, we're going

16:44

to create some more money, shit going

16:46

out thin air, and we're going to

16:48

go buy Bitcoin. Well, the thing is

16:50

the government could, the government could just

16:52

print a bunch of money and say

16:54

we're using this to secure Bitcoin. for

16:57

the Treasury. Or they could, if they

16:59

ever make it to Fort Knox and

17:01

reveal if the gold is there, they

17:03

could sell gold. Or it's not even

17:05

the actual gold, it's paper gold that

17:07

they be selling, right? And by the coin.

17:09

The gold even in there, we don't know.

17:12

I mean the whole thing is like this

17:14

goes to show that most of the world's

17:16

economy is really kind of propped up. They're

17:18

based off of fiat money that's not worth

17:21

anything. You know, gold is what it is

17:23

because it doesn't actually rust or degrade in

17:25

any way. That's the reason why gold is

17:28

such a valuable thing. It's scarce, but how

17:30

scarce is it if you just go like,

17:32

oh we just found a new mine with

17:34

one billion ounces of gold in it. Like

17:37

what happens then? You know what I mean?

17:39

So it is always interesting. I

17:41

almost would think that these rare earth

17:43

elements and rare earth minerals are the ones

17:45

that are the biggest rare ones that the

17:48

earth needs now, right? And so, but in

17:50

America, you can't even mind for that because

17:52

of all the regulations. So it's like that

17:54

kind of creates a little bit of an

17:56

issue when we're talking about the the industry

17:58

of things and man. manufacturing Joel, but

18:00

that's a little bit of a different

18:03

conversation from Michael Saylor buying a shitload

18:05

more Bitcoin Yeah, and people are expecting

18:07

it to happen soon now I've never

18:10

owned any mantra which is the home

18:12

token but holy cow back in November

18:14

travel look before a Pump here, you

18:16

know, it was sitting at around a

18:19

buck 50 and then I pumped and

18:21

hung out for about a month or

18:23

two and then pumped all the way

18:26

up to eight five actually nine dollars

18:28

and look at this from six and

18:30

a quarter down to like 40 cents

18:32

overnight what the heck happened you know

18:35

it almost seems like it's almost like

18:37

a terror Luna kind of a thing

18:39

you know what I mean but it

18:41

was it they didn't get they didn't

18:44

get hacked they're saying there's a whole

18:46

lot of conversations going on about it

18:48

But, you know, it went from $6.30

18:51

and 30 cents to below 50 cents

18:53

in like less than a day, right?

18:55

That's like, that's huge. And so there's

18:57

been a lot of internet sleuts trying

19:00

to figure out. what happened and they're

19:02

saying it seems like you know it

19:04

has been a promising project you know

19:07

they got a billion dollar deal with

19:09

a Dubai's virtual assets they're doing some

19:11

other they're doing all kinds of other

19:13

stuff they've been listed on all these

19:16

really big exchanges and it looks like

19:18

an orchestrated rug from the inside of

19:20

some of some sort it doesn't we

19:22

don't know exactly what's happened but It

19:25

is definitely more I tell you this

19:27

more is going to pop out from

19:29

this we don't know all the details

19:32

yet we just know that it collapsed

19:34

over 90% in less than a day

19:36

and it looked like some big wallets

19:38

that were you know in the deal

19:41

somehow got out quickly I don't know

19:43

so it's well the the CEO is

19:45

saying that it was Binance that did

19:48

it they were you

19:50

they had tokens

19:52

on their exchange they

19:54

were using as

19:57

a staking program and

19:59

the team says

20:01

it was not insider

20:03

but then you've

20:06

got this on chain

20:08

sleuth here saying

20:10

that that the

20:12

mantra chain Dow is sending

20:14

tokens to the Binance

20:16

cold wallet. So who knows what's

20:19

actually happening. The moral of the

20:21

story here is doesn't matter what

20:23

your token is you know if

20:25

it's and even if it is

20:27

Bitcoin but for most coins this

20:29

could happen to anybody right you might

20:31

be a true believer in whatever

20:33

that coin is and then all of

20:35

a sudden boom your net worth

20:37

can be completely wiped out on

20:39

paper if you are to sell we don't know if

20:41

they're gonna recover or not I mean it's back up

20:43

like 20 cents or so maybe

20:46

30 cents so you know it's

20:48

actually very tempting when you see

20:50

something go down 90 to percent

20:52

to go I'm gonna buy some

20:54

because it happened with Luna to

20:56

it jumped all the way down

20:58

and people were trying to resuscitate

21:00

it and then it was just done

21:02

so this is probably a dead cat bounce

21:04

would be my bet it depends

21:06

on what leadership's trying to do

21:08

now the CEO just kind of

21:10

came out and was like it

21:12

was almost like this is fine

21:14

this is fine like oh no

21:16

bro you should just collapsed and

21:18

it looked like it's insider deal

21:20

so we'll see what happens on

21:22

that not good but here's what

21:24

I'll say Joel is a big

21:27

project worth six billion dollars completely

21:29

collapsed and the rest of the

21:31

market did not tank with it that's

21:33

the takeaway for me is that

21:35

the industry in itself is strong

21:38

when Luna collapsed that time and

21:40

FTX collapsed the whole fucking market

21:42

tanked took everybody with them not

21:44

doing that right now but it's

21:46

not it's not a big project I

21:48

mean yes it had a decent

21:50

market cap big was Luna whenever it

21:53

collapsed it was not it was

21:55

around that size right but it's a different

21:57

game is very about about this big no

21:59

but a quarter or something. You know we

22:01

do investigate projects and many come

22:03

to us and want to be part

22:05

of the show and there's one

22:07

in particular that has captured our attention

22:10

especially you Sir Lord Travis and we're

22:12

going to be working with the nice

22:14

people at Apex Fusion the the

22:16

website for it is Apex fusion.org and

22:19

why don't you go ahead and give

22:21

a quick teaser overview because in the

22:23

near future we're going to have

22:25

these guys on the show. All right, so

22:27

I'll say this they're doing some

22:29

stuff that's very unique and they

22:32

have some members of the team

22:34

that were on the core Cardano

22:36

team The Ethereum Foundation and polygon

22:38

and they said you know what? We've

22:40

did some things wrong when we were building

22:42

Ethereum and a Cardano and polygon.

22:45

There were some things that weren't

22:47

done correctly and I'll say this

22:49

when you look at Ethereum

22:51

right now. What is the Ethereum right

22:53

now? 1600 a token or something. Yep.

22:56

That's right There's over a hundred

22:58

L2s and each one of those

23:00

L2s are pulling away liquidity from

23:02

Ethereum, right? Oh, they all work

23:04

together and create one copacetic thing,

23:06

but each blockchain is viewed as

23:08

its own thing. Now, if you

23:10

added up all of the Bitcoin

23:12

or the, excuse me, the, the

23:14

Ethereum ecosystem tokens, it's probably a

23:16

much, much bigger number. But since

23:18

you have all these L2s distributed

23:20

away, it creates a problem, right?

23:23

What Apex has done is created

23:25

their own tri-chain multi-chain built in

23:28

to one ecosystem. So they have

23:30

an L1 which is their prime

23:32

chain. That's the main security token

23:35

chain. It's generating the tokens. They're

23:37

Apex tokens. Then it has two

23:39

other L2s that's built into it.

23:42

One L2 is an EVM one.

23:44

I believe that one's called, I

23:46

believe that one's called Nexus.

23:49

And in the other. That's nexus and

23:51

then the houses off the top of

23:53

my dome and then the other one

23:55

is a UTXO it's a Bitcoin L2

23:57

that is called vector and those those.

23:59

right there are built into the

24:02

ecosystem, Joel. So imagine, whereas the

24:04

other L2s for Ethereum and the

24:06

other L2s for Bitcoin are siphoning

24:08

away liquidity, this almost has a

24:10

gravitational pull pulling in liquidity. And

24:13

so over time, based on what

24:15

I understand about this, the value

24:17

of Apex should increase over time

24:19

because it's going to be pulling in

24:21

lots of liquidity. Now there's not a

24:24

lot of exchanges yet for it. But,

24:26

especially not in the United States,

24:28

but they're fixing that and they're

24:30

slowly growing and building this thing

24:32

out with a really smart team

24:34

of big brains, Joel. It's a

24:36

new project. It looks to be

24:38

very promising and we're giving you

24:40

guys the heads up now, not

24:42

making recommendations other than go to

24:44

Apex fusion.org and do your due

24:46

diligence, do your research, read about

24:48

this and see what you think

24:50

because we are... We're definitely going

24:52

down the rabbit hole on this

24:54

and we appreciate them being partners

24:56

for this. We have staking pools. Do we

24:58

learn how to be staking our own apex

25:00

building a pool? We have some other ones

25:02

that will be able to loop you guys

25:05

around with. But we'll be able to loop

25:07

you guys around with as well. But

25:09

just right now, get the white paper,

25:11

maybe put the white paper in check

25:13

or put the white paper in Chad

25:16

GBT. Start asking the questions and leveling

25:18

up your knowledge about Apex fusion. By

25:20

the way remember remember bad coin I

25:22

remember bad coin so there is still

25:24

a bad coin community and there

25:27

are several people in there that

25:29

have been trying to figure out

25:31

because basically the the pools got

25:33

turned off and the original developers

25:36

who created bad coin weren't doing

25:38

anything to help and there is

25:40

chatter now that they might have

25:42

figured out how to revive it

25:45

so bad coin was something that

25:47

was created by a community

25:49

member what seven years ago

25:51

to teach people how to do crypto

25:53

and how to mine it and there's

25:55

many like is bad coin going is

25:58

my bad coin going forever it It

26:00

might come back. You might be able

26:02

to mine bad coin once again, and

26:04

we'll keep you posted on that. And

26:06

that would be awesome, because realistically, when

26:09

that thing came out, meme coins

26:11

were not big at all, but

26:13

it was, it's really one of the

26:15

first, probably 10 meme coins, really,

26:17

and it was all set up

26:19

on how can you use bad

26:21

technology to mine it? How cool

26:23

would it be to eventually have

26:26

a mobile miner where you could

26:28

just mobile mine bad coin? And

26:30

it has a really, it's like

26:32

a, the chain is actually a

26:34

multi-chain algorithm of like what Bitcoin

26:36

used, like coin used, and then

26:38

some other ones. It's a pretty

26:40

cool system when it was created.

26:43

So maybe that's- If you listen

26:45

closely, you can hear somewhere off

26:47

in the distance, some, a voice

26:49

saying, I'm not dead yet. We

26:51

thought it was dead. I'm

26:54

not I'm not dead yet.

26:56

We'll keep you posted if

26:59

there's any developments there. Meanwhile

27:01

in the Senate Banking Committee

27:03

Senator Tim Scott a huge

27:06

Bitcoin proponent is saying that

27:08

the committee has several regulatory

27:11

goals around crypto and they

27:13

want to pass some legislation

27:16

here around stable coins

27:18

and market structure as

27:20

laws by August. Typically

27:22

the summer is not

27:24

boom time for for

27:27

Bitcoin and for crypto,

27:29

but if we have

27:31

motion forward on this

27:33

type of regulation by

27:35

August that changes the

27:38

summer game completely because

27:40

it's extremely bullish.

27:42

I like that. Yeah, so.

27:44

Stable coins are a big thing

27:46

and I think we're seeing more and

27:49

more of these popping off in even

27:51

other areas like the I think the

27:53

euro one I don't know why there's

27:55

not a rupal one there probably will

27:57

be all of them and I'm really

28:00

looking forward to the day when you

28:02

can trade them like their four X

28:04

because there's lots of going to be

28:06

a lot of arbitrage available especially if

28:09

you have your own little AI agent

28:11

trading it for arbitrage but if we

28:13

get more regulation around those

28:15

things you're right I think this

28:18

base could pop off. It's like

28:20

we're always doing we're always popping

28:22

off over things we know nothing

28:25

about and everybody now all the

28:27

the former COVID experts and Ukraine

28:29

war experts are now tariff experts.

28:32

It's amazing. All these people in

28:34

social media are experts. And tariffs,

28:37

you know, of course, are moving

28:39

forward everywhere, but he is, Trump

28:41

administration is walking back a tariff

28:44

exemption on electronics. They're saying that

28:46

he's flexible on electronics and,

28:48

you know, look, we need

28:50

micro processors. There's certain things

28:52

that other countries are manufacturing

28:54

that we have to have

28:56

and you've got to have

28:58

some flexibility. I personally love

29:01

that he's being hardline with

29:03

the tariffs. I think that's going to

29:05

work in our favor because I think

29:07

that by next week we're going to see

29:09

even more countries that have said okay

29:11

we're going zero to zero tariffs

29:13

and it's going to be good for us.

29:15

Yeah, haven't like 75-ish countries already reached

29:18

out? They've reached out. Yeah. So

29:20

we don't know. You know, they're

29:22

like, hey, we want to talk about this.

29:24

Yeah. So the problem here, Joel, is

29:26

that with these tariffs, I think we

29:29

maybe even discussed this a little bit

29:31

last week, is that, you know, the

29:33

world has been using America. as exit

29:35

liquidity. We consume 33, like roughly

29:38

a third of the world's consumption

29:40

comes through America. Maybe that's why

29:42

we're fat, Joel, but not you,

29:44

but me, us, America is fat

29:47

because we consume so much. But

29:49

I think that the fact is,

29:51

is that, you know, when a

29:53

lot of these countries are like

29:56

charging us 20, 30, 50% tariffs,

29:58

we're charging them nothing. come back

30:00

and say, okay, we're going

30:02

to charge you what you're

30:04

charging us. And they go,

30:06

oh, hey, sorry, sorry, sorry

30:08

about that, didn't mean, and

30:11

we'll fix it. And so

30:13

this is straight up art

30:15

of the deal stuff, right? This

30:17

is, if you've read the book

30:19

by Trump, art of the deal,

30:22

this is what he does. Mer,

30:24

ah, let's come in agreement. This

30:26

is textbook art of the

30:29

deal. That's how's it smell

30:31

is the real question. That's a

30:33

real question. So apparently there are

30:35

those out there saying that CZ

30:37

has thrown Justin's son under the

30:40

bus and whatever his plea deal

30:42

was and CZ is saying no

30:44

that did not happen. He says

30:46

multiple people have told me again

30:48

that the Wall Street Journal is

30:51

writing another baseless hit piece about

30:53

me. I don't know if it's

30:55

true or not, but what is

30:57

the deal with today's media that

31:00

there's just so many poor journalists

31:02

out there that are just

31:04

activists that they're not writing

31:06

what the most important

31:08

news is they're putting news out

31:11

that tries to support an angle

31:13

for them and this is why

31:15

Trump's always calling out CNN to

31:17

their face and saying you're horrible

31:20

because you hate America Is this new?

31:22

This is not new. This is just

31:24

maybe more aware to more people because

31:27

now we know that the fake news

31:29

has been there. But dude, when we've

31:31

had, you know, the mockingbird media for

31:33

so long, you know, the CIA's had

31:35

their finger in all of these newscasters.

31:38

Get your finger out of my newscaster.

31:40

Figure out of my newscaster. I said

31:42

that and I laughed. I was going

31:44

to try to keep a straight face

31:47

on that one. But that's what's been

31:49

going on. And tell you what, if somebody,

31:51

if you're a newscaster and you're out of college

31:53

and now you worked your way up and they

31:55

say, hey, we're going to pay you a million

31:58

and a half dollars a year, you just. need

32:00

to do what the fuck we tell you to

32:02

do say what we need you to say yeah

32:04

okay okay and guess what they're gonna do It's

32:06

not so, it's not so inexpensive to

32:08

buy these people off and there's not

32:11

that many major networks. It's not so

32:13

expensive. It costs them what? Maybe when

32:15

you talk about MS NBC and CNN

32:17

and all these other ones, how much

32:20

is it going, how much does it

32:22

cost to pay off all these newscasters?

32:24

Dude, you got sponsors from freaking Pfizer

32:26

and everybody else coming in paying all

32:29

that stuff off. They're just, they're just

32:31

paying off the news and it's so

32:33

easy to pay off these influencers. going

32:35

to pay me a couple grand?

32:37

Hell yeah, I'll say whatever. Like,

32:40

so he's got to take all

32:42

news with a grain of salt,

32:44

including bad crypto. Yeah, but look

32:47

at this. I just had it

32:49

talking about news. You know how

32:52

many people actually watch? These are

32:54

the most current ratings from the

32:56

treasured 25 to 54 demographic. Okay,

32:59

and this is in uh... thousands

33:01

of people i don't think people

33:04

realize just how few people actually

33:06

watch cable news so let's go

33:08

to prime time uh... well

33:10

let's let's pick this hour

33:12

here because this is where

33:14

you have the biggest battle

33:16

Rachel Maddow versus Sean

33:19

Hannity in that demographic

33:21

gets two hundred eighty

33:23

five thousand viewers and

33:25

Caitlin Collins on cn

33:28

seventy seven That's it's

33:30

it's nothing here. Here's

33:32

the totals. This

33:34

is all demographics.

33:36

I believe Yeah prime time

33:39

prime time CNN gets

33:41

less than a half a

33:44

million viewers Fox gets

33:46

almost three million.

33:48

That's that is such

33:51

as there are YouTubeers

33:53

covering the news that

33:55

their videos get more than

33:58

that There's more people. people

34:00

watching people sitting in their

34:02

basement with their laptop.

34:04

Yeah. Well, I'll say this is that,

34:07

you know, even with YouTube sort

34:09

of throttling Tucker Carlson, for

34:11

example, you know, just, he just

34:13

did an, he just did an interview

34:15

and I. I was, I had to

34:17

tune in and watch, I watched it

34:20

live, it was an hour and a

34:22

half. Representative Kurt Weldon came on and

34:24

said, hey, it's finally time to tell

34:26

the truth about 9-11. And they went

34:28

in on some crazy stuff. Nothing's got

34:30

almost 900,000 views. Now you look at

34:32

a Hannity or any other of those.

34:35

You know, that's still three times as

34:37

much as the top, the type

34:39

dog gets on national television, right?

34:41

And so, but they've throttle that

34:43

down significantly. They don't want people

34:45

to know the truth about what

34:47

happened. Did you listen to it?

34:49

I haven't yet, but I'm interested.

34:51

And it's what's the, what is

34:53

the synopsis? Grock, Travis. Well, there was

34:55

in the history of civilization,

34:58

there has never been a building

35:00

fall down under its own weight

35:02

because of a small fire, like

35:04

building seven had. Right. And so they

35:06

basically have 3,000 architects and

35:08

everybody coming in and saying,

35:10

you can see, here's basically

35:12

what happened. They're completely lying

35:15

about it. It's been 25

35:17

years now. Yeah, what's the

35:19

truth? Give me what actually,

35:21

what does he say actually

35:23

happened? Well, he gives a bunch of evidence

35:25

about a bunch of different things and he leaves

35:27

it for you to say, oh, yeah, this is

35:29

what they're telling us is not the truth. So

35:32

they didn't come in and say. Oh, Bush did

35:34

this or, you know, Cheney did that or blah,

35:36

blah, blah. They just talked about all the things

35:38

that most people need to know

35:40

about, you know, especially how at

35:42

5 p.m. on September 10th, 2001,

35:44

Rumsfeld comes out. He was Secretary

35:47

of State saying, oh, there's 2.3

35:49

trillion dollars missing. We're going to

35:51

get to the bottom of it.

35:53

And the very next day, they

35:55

had everybody who was getting to

35:57

the bottom of it in the

35:59

exact. of the Pentagon that got hit

36:01

by the cruise missile, I mean, got hit

36:03

by that airplane. And that just happened to

36:06

be reinforced so it didn't destroy the rest

36:08

of the Pentagon. And that happened to be

36:10

where all the accounts were and all the

36:12

evidence that day. Oh, wow, that's a coincidence.

36:15

Where did the airplane go? Well, they could

36:17

just take care of airplanes. They probably

36:19

just took it and who knows what

36:21

exactly they did with it. They could

36:23

have. flown it into the ocean, who

36:25

knows? But those people most likely

36:27

are completely dead, I'm sure, but

36:29

it would be just impossible for

36:32

a pilot who didn't know how

36:34

to fly to do a loop-de-loop,

36:36

like that plane allegedly did, and

36:39

then come down and hit something

36:41

at ground level like the Pentagon

36:43

is. And then there was no

36:45

wreckage, there was no, yeah, it's because

36:47

it was a cruise. Well worth listening

36:50

to I'm going to work listening to

36:52

especially. I was awake when 9-11 happened,

36:54

right? I mean, so I watched it

36:56

with a complete stink eye, and they

36:59

did talk about how building seven collapsed,

37:01

and, you know, newscasts in Europe were

37:03

talking about how it already collapsed, and

37:05

you can see in the background there

37:08

it still is, it hadn't collapsed yet.

37:10

So there was, there was, there was

37:12

obviously, basically, they were laying out an

37:14

agenda, and then look what happened. They

37:17

went into, they went into the Middle

37:19

East, they bombed all these countries, they

37:21

scattered Islamic people. all over the world

37:23

so they would get away from the

37:25

craziness there and now look what's happened

37:28

in all the other places if you

37:30

go back and say here we are

37:32

now let's look and see what's happened

37:34

as a result of that and you

37:36

can see that's most likely what

37:38

they wanted to occur are you

37:40

awake people people I'm gonna do the

37:43

John McAfee channel people people are you

37:45

awake now do you understand that it's

37:47

a massive cyop Dude, when it happened,

37:49

I was awake of it being a sire.

37:51

I was watching it from the perspective of,

37:53

oh shit, this is a sirep. That's what

37:56

was weird. All my family and friends

37:58

were like, you're, what the folks wrong? with

38:00

you Travis. So Osama bin Laden.

38:02

He did it. You're insane. What

38:04

the hell is it? And then

38:06

slowly people come around and go

38:08

on, how did you know this

38:11

stuff? I was like, I just

38:13

pay attention and I don't pay

38:15

attention to a lot of stuff

38:17

that most people pay attention to.

38:19

And be skeptical question everything, especially

38:21

what you hear on social media

38:23

and now more than ever we're

38:26

seeing bots. that are just and

38:28

I know that X is doing

38:30

the best they can against them

38:32

but there are so many bots

38:34

out there they're overwhelming social media

38:36

getting all kinds of fake metrics

38:39

they're spreading all kinds of miss

38:41

and disinformation there's no trust and

38:43

this article which I think is

38:45

worth a read on coin telegraph

38:47

is about how decentralizedization can fix

38:49

this problem I'm skeptical but you

38:52

know It's possible and if you

38:54

go to badco.in/seven seven three you'll

38:56

find links to this article and

38:58

the many others Travis we've seen

39:00

numerous decentralized social media attempts right

39:02

minds.com comes to mind Odyssey is

39:04

a decentralized video platform comes to

39:07

mind but none of these remember

39:09

what was a friend friend something

39:11

friend something friend social that you

39:13

know had its 15 minutes of

39:15

fame. None of these have taken

39:17

off and gained any critical mass

39:20

other than being the flavor of

39:22

the day. Well I would say

39:24

this as you're talking about bots

39:26

and bots can kiss my bot

39:28

and bots aren't going away. Bots

39:30

are only going to get worse.

39:32

They're going to evolve in their

39:35

levels of intelligence already. AI agents

39:37

are the next level of these

39:39

things and bots are not going

39:41

to go away. They're only going

39:43

to get more intelligent and then

39:45

whoever is controlling the swarm of

39:48

those AI agents, which you know

39:50

people on the right and the

39:52

left are both are both growing

39:54

their AI agent armies. This next

39:56

election is going to be insane

39:58

when you start. throwing in how

40:01

AI is more intelligent than most

40:03

people. And I mean, that's not even

40:05

that hard. Most AI agents are

40:07

smarter than most every human individually,

40:09

not collectively. But I mean, how

40:11

do you think that's going to

40:13

play out? The next election cycle

40:16

is going to be nuts. I

40:19

don't disagree. And it's, you know, I'm

40:21

really interested. And I think fact, I

40:23

just want to, like the other news

40:25

we have is really cool. You guys

40:27

can go check it out, but I

40:29

just want to wind the show by

40:32

talking about what that looks like.

40:34

Because right now you've got Bernie

40:36

Sanders stumping a Coachella, like

40:38

this fossil of a guy. And

40:40

you've got AOC who is the

40:42

radicalist of radicals on the right.

40:45

Are these the leaders? This is

40:47

the best they can do. No

40:49

wonder the Democrats are polling at

40:52

21% approval. Like who's going to

40:54

rise up? They're going to resurrect

40:56

Obama. He doesn't have the gloss

40:59

that he once had on him.

41:01

Yeah. It is kind of wild. Hey,

41:03

so speaking of AI agents, can I

41:05

show you something here real quick?

41:07

Please. Show us all. Yeah, I want to

41:10

show you here on the screen. And

41:12

so here's something that I've been

41:14

playing around with. I have access

41:16

to Manus. AI. And so I

41:18

said, well, here's all the news

41:20

articles that we're talking about. What

41:22

if we were to reimagine the

41:25

newsletter a bit, right? And or

41:27

just our show notes. And so

41:29

look at this now, Joel, I've

41:31

leveled it up. Now we're going

41:33

to put the show, the MP3,

41:35

the MP3, right there. Boom. Boom.

41:37

All these different articles that we talked

41:39

about in this particular show. This is

41:41

party. Are we going to try and

41:43

get this on the website or linked

41:45

to from the website then for each

41:47

episode? I think so. Maybe at first

41:49

we'll have it linked to where it's

41:51

stored on Manus, but we might set

41:53

it up. The thing is that's probably

41:55

the easiest way or we just changed

41:57

the bad code I end of this.

42:00

particular link or something. I'm not sure

42:02

exactly. Yeah, that would be fine too.

42:04

And the other thing is if you

42:06

guys are not on the email list,

42:09

we've not really used it in a

42:11

long time, but many of you are

42:13

still on it. If you're not, go

42:15

ahead and get signed up. on the

42:18

mailing list and I think that somewhere

42:20

on the website yes if you go

42:22

to bad crypto podcast.com and scroll down

42:25

to the bottom enter your email and

42:27

subscribe and you can get the the

42:29

free 2023 Bitcoin starter kit. That's good.

42:31

That is good. But this right here

42:34

I've gone in and I have worked

42:36

on this thing for multiple hours to

42:38

kind of get it exactly the way

42:41

that I want it. But AI generated

42:43

this whole thing and how beautiful is

42:45

it? It's totally got the bad crypto

42:47

vibe, doesn't it? It's great. And if

42:50

we can figure out a way to

42:52

put to send this via email to

42:54

those of you on our list, then

42:57

we're going to do that. And we

42:59

appreciate you being with us on this

43:01

journey. We're coming up on our eight

43:03

year. Mark, which will be in July.

43:06

Also, we might be skipping a few

43:08

shows here in the coming weeks as

43:10

there's some travel shenanigans that are going

43:13

to be taking place and that means

43:15

bandwidth could be an issue. I want

43:17

to make a suggestion. Can I make

43:19

a suggestion? Put it in the suggestion

43:22

box. So when we start, so after

43:24

July happens, July 18th, that next episode,

43:26

that should be season nine episode one.

43:29

We should go we should kind of

43:31

give it a little reboot like that.

43:33

It'll still be episode 780 blah blah

43:35

blah whatever but dude how cool is

43:38

it that realistically this is the ninth

43:40

season of bad crypto I just it's

43:42

remarkable to me that we've been at

43:45

this so long what a journey years

43:47

dude that alone when you see episode

43:49

seven that's one thing but when you

43:51

see season nine episode whatever like that's

43:54

cool I'm like it's just like wow

43:56

Like so it's kind of a reimagining

43:58

of the the number. the nomenclature

44:01

of the show. But

44:03

dude, nine seasons? Who,

44:05

there's only one other

44:07

group out there who

44:09

has a podcast in

44:11

the crypto space longer

44:13

than that? And that's

44:16

Laura Shin's, unchained.

44:19

That's the only one.

44:21

And keep going at it,

44:23

Laura, because we like number

44:25

two. Yeah, because we're number

44:27

two. But we're not planning

44:29

on that because we love

44:32

the space. We are fans

44:34

of our fans. We do

44:36

ask that you make sure

44:38

you subscribe, share, rate the

44:40

show, review it with five

44:42

stars if you haven't yet.

44:45

And we will catch you

44:47

next time that we do a

44:49

thing and say words and stuff.

44:51

Until then, stay back. The

45:09

Bad Cryptop podcast is a production

45:11

of bad crypto LLC. The content

45:13

of the show, the videos, and

45:15

the website is provided for educational,

45:17

informational, and entertainment purposes only. It's

45:20

not intended to be and does

45:22

not constitute financial, investment, or trading

45:24

advice of any kind. You shouldn't

45:26

make any decisions as to finances,

45:28

investing, trading, or anything else based

45:30

on this information without undertaking independent

45:33

due diligence and consultation with a

45:35

professional financial advisor. Please understand that

45:37

the trading of Bitcoin... and alternative

45:39

cryptocurrencies have potential risks involved. Anyone

45:42

wishing to invest in any of

45:44

the currencies or tokens mentioned on

45:46

this podcast should first seek their

45:49

own independent professional financial advisor.