0:00

Bitcoin dumps to 89,000 and

0:02

bounces back almost immediately. Microstrategies secures

0:04

another bag of BTC for their

0:06

ever-growing stash and FTX is about

0:09

to begin dispersing more than 1.2

0:11

billion dollars. billion dollars to those

0:13

who got hosed. We're less than

0:16

a week away from Trump's inauguration

0:18

and many seem to think we

0:20

truly are on the cusp of

0:23

a new golden age in the

0:25

USA. So saddle up your horses

0:27

and put on your assless chaps

0:30

because the new sheriff is almost

0:32

here and I guess he wants to see

0:34

your butt otherwise. Why would

0:36

there be assless chaps?

0:38

I don't know. Let's

0:40

giddy up and check

0:43

out the latest news

0:45

from the blockchain

0:48

and crypto world

0:50

on our bad news

0:52

episode number 760 of

0:55

the bad crypto podcast.

1:18

Gosh Travis, did you put your

1:20

assless chaps on? I haven't taken

1:22

them off. What do you mean?

1:24

When you go out in the

1:27

cold, they get chapped and you

1:29

know. They're a little crusty. I

1:31

said probably change them finally. And

1:33

welcome to the the assless chaps

1:35

podcast. I'm bad crypto podcast. I'm

1:38

Joel Com. That's Travis right. We

1:40

are the assless chaps of crypto.

1:42

What does that even mean? Well, we're

1:44

chaps. Oh, we're chaps. I got an

1:46

ass. I mean, it's not the biggest.

1:49

It's not ass list. We're as full.

1:51

We are also the universe morons,

1:53

the web three weenies, the nifty

1:55

nerds, the defy, du-fi, the game-fi

1:57

goobers, and a. of course, the

1:59

crypto clowns serving you. What is

2:01

that? What's that? The algorithmic ass

2:04

hats. Oh, algorithmic ass hats. Yeah,

2:06

but AI would work too. I

2:08

like that. Yeah, the AIS hats.

2:10

I like that. That's got it

2:12

rolls right off the tongue. We're

2:14

artificially unintelligible. Oh my gosh. Hey,

2:16

seven and a half years into

2:18

doing this thing right now. So

2:20

thanks to our moms for listening.

2:23

Oh, what's that? Mom quit listening.

2:25

So. Oh, man. I'd like to

2:27

thank my great great great great

2:29

great great great all the way

2:31

back for having sex. I'd like

2:33

to thank everybody who's ever had

2:35

sex that's had a kid in

2:37

my ancestor lineage because without them

2:40

having sex I wouldn't exist. And

2:42

I would be talking to thin

2:44

air. That's true. You got to

2:46

think about it. It's almost like

2:48

for you to exist today. You're

2:50

great great great great great for

2:52

however many generations it is had

2:54

to have sex and then you

2:57

had to get through that final

2:59

boss of not being aborted today.

3:01

That's like like the final boss

3:03

mode did it to thousands and

3:05

thousands of generations have had sex.

3:07

But now oh or it's like

3:09

I saw a funny animation about

3:11

oh, they're all like there's these

3:13

firms. They're like looking for the

3:16

egg and instead they find a

3:18

big turd. What is that a

3:20

prostate? No! What do we do?

3:22

Somebody took her wrong turn. Hey,

3:24

we hope we'll see you guys

3:26

in Miami Wagmi that Miami is

3:28

coming up January 22nd through 24th

3:30

We will be there. We will

3:33

be speaking. We'll be hanging out

3:35

and if you haven't got your

3:37

ticket yet 30% off is coming

3:39

your way right now Just use

3:41

the code bad crypto at Wagmi

3:43

dot Miami and turns out a

3:45

lot of people we know are

3:47

going trav so hopefully some of

3:50

you guys will be there as

3:52

well That would be fun I

3:54

think some are gonna be there.

3:56

That one guy? That one guy

3:58

especially. Yeah, that no, not that

4:00

one guy, the other one. Oh,

4:02

okay. All right, that's cool. The

4:04

other one guy. So let's fire

4:06

up the news here. Take a

4:09

look at the crypto market cap.

4:11

Once I find the screen on

4:13

my computer that has such things.

4:15

Where is it? Where is it?

4:17

It's hiding right here. Ah, there

4:19

it is. Let me refresh it

4:21

though, so we have current information,

4:23

time stamp, the 14th of January

4:26

in as 2025, 4.36 p.m. Atlantic

4:28

Standard Time, total crypto market cap,

4:30

just at 3.5 trillion right now.

4:32

Bitcoin, bouncing back after a rough

4:34

week, 96,000, 5.15, Ethereum, 32.12, XRP,

4:36

back in the number three slot,

4:38

up 16.8 percent the last week.

4:40

66 cents on some big big

4:42

speculation that since I guess Brad

4:45

Garlinghouse has met with Trump I

4:47

think he met with Trump or

4:49

maybe Eric Trump not sure but

4:51

could excerpt. They were talking about

4:53

him being some part of some

4:55

part of the administration somehow yeah

4:57

we've been discussing that for for

4:59

a few weeks which is interesting.

5:02

B&B, 696, Solana 186, Doge coin

5:04

35 cents, Cardano just under a

5:06

buck, Tron number 11, 22 cents,

5:08

and let's take a look here

5:10

at the last seven days. No

5:12

huge winners, no massive, a few

5:14

that are up, you know, close

5:16

to 20%, but no big winners

5:19

this week. Well the big winner

5:21

is but hole coin. It looks

5:23

like it's been trending. Your but

5:25

hole is on fire. Your butt

5:27

hole is growing. Also, you got

5:29

a butt hole tokens. Also, virtual,

5:31

though, virtual is taking over the

5:33

AI agent world. It's now at

5:35

$3 a pop. And if you

5:38

look at this thing, this thing

5:40

launched at a million, or excuse

5:42

me, a billion tokens. Now it's

5:44

at $3 a pop. three billion

5:46

dollar valuation. They are AI agents

5:48

and the AI agents are taking

5:50

over. So pretty interesting to keep

5:52

an eye on that. In fact,

5:55

even projects that they're launching are

5:57

going off and having massive market

5:59

caps like AIXBT is by virtuals.

6:01

And that's 63 cents. And there

6:03

is a billion of those. That's

6:05

630 something million dollar market cap.

6:07

So these virtuals are blowing up.

6:09

all over your butthole coins. It

6:12

seems that the meta for this

6:14

cycle is going to be AI

6:16

and meme coins. That's what a

6:18

lot of people are saying. And,

6:20

you know, when you look at

6:22

the prices, a lot of people

6:24

get real scared when they see

6:26

Bitcoin go down as much as

6:28

it did. Let me just go

6:31

to a year here. We had

6:33

this big drop in it hit

6:35

89,000. It's not showing here on

6:37

coin get-go, but maybe if I

6:39

go to seven day, it'll pop.

6:41

boom boom boom it's not even

6:43

registering here it happened so quickly

6:45

but there's a red candle that

6:48

brought it down to 89,000 and

6:50

it went oh no you didn't

6:52

and pop back up to 92

6:54

and now today we're we even

6:56

at 97 was that when because

6:58

I remember we there was a

7:00

conversation about how the United States

7:02

was going to sell all the

7:04

Bitcoin from Silk Road I don't

7:07

know 60-something thousand Bitcoin or something

7:09

so instead of like holding it

7:11

for the Bitcoin reserve that Trump

7:13

wants to do like this current

7:15

administration just like literally just says

7:17

they torch everything possible right you

7:19

know pun maybe intended or not

7:21

I don't know the heart goes

7:24

out to everybody out in LA

7:26

with those fires it's really crazy

7:28

when I look at that and

7:30

like there's so many weird indiscrepancies

7:32

about that thing that I've not

7:34

quite figured it all out yet

7:36

but it's not natural what's been

7:38

going on and uh and then

7:41

all of a sudden you know

7:43

they're just doing stuff that's not

7:45

good It's like they're not setting

7:47

up Trump for success. They're trying

7:49

to do everything they can to

7:51

kind of wreck it. right at

7:53

the beginning? Yeah, well they've already

7:55

wrecked all they could in four

7:57

years, so you know, what's a

8:00

few more hamstrings to cut on

8:02

the way out the door. So

8:04

basically everybody for the most part

8:06

that's on death row, like Biden

8:08

likes it. Okay, you get shelf

8:10

of death row, like if you

8:12

get shelf of death row, like

8:14

if you look at all the

8:17

people, the presidential pardons who people

8:19

have had over the last like

8:21

50 years, it's like Biden has

8:23

like 10 X more than anybody.

8:25

We'll see what happens as he

8:27

exits here. What you know, he's

8:29

not doing anything. It's his staffers

8:31

and operatives that are doing it.

8:34

Are people afraid right now? Well,

8:36

a little bit more a third

8:38

than they were last week. 47

8:40

on the fear in greed index

8:42

last week was 57 greed. My

8:44

prediction has been that the week.

8:46

running up to the inauguration is

8:48

going to be very bullish. I

8:50

would like to think that somewhere

8:53

in these hundred plus executive orders

8:55

that word is out that that's

8:57

what's going to happen on day

8:59

one over a hundred executive orders

9:01

probably a lot of them reversing

9:03

Biden's executive orders that are hampering

9:05

America that we're going to see

9:07

some sort of crypto stuff in

9:10

there. I think that you know

9:12

I don't know what he's able

9:14

to pull off with an EO

9:16

but I think it's coming and

9:18

I think it's going to make

9:20

a super bullish and I expect

9:22

that this is what's going to

9:24

rocket us into the next leg

9:26

of bull season. My prediction. Yeah

9:29

I like your prediction but you

9:31

know what's weird to me is

9:33

that a president can just come

9:35

in and just drop a hundred

9:37

eos on the world and be

9:39

like flunk that is dropping the

9:41

dick on the table and it's

9:43

like it seems to go against

9:46

the three branches of you know

9:48

the government like isn't like oh

9:50

here's Congress legislative the executive and

9:52

the judicial yeah then when a

9:54

president can just come in and

9:56

go here you go suck it

9:58

and we're going do this now

10:00

like that's just I mean when your

10:02

team wins it's good but when the

10:05

other team wins it's not good so

10:07

it's almost like you know what

10:09

I would really like to see is

10:11

we've talked about it time and time

10:13

again I think there's a a bill

10:15

out about congressional term limits yes if

10:17

you have a if you are a

10:20

congressperson there's like maybe a three or

10:22

a four-term limit where if you're a

10:24

senator then that has a six-year deal

10:26

so you would have two terms there

10:28

then you could be vice president then

10:30

you could be the president for two

10:32

terms and so it's almost like you

10:35

could probably be vice president multiple terms

10:37

i don't think that there would

10:39

be a limit on how many

10:41

vice president you could be somebody

10:43

else's vice president but it would

10:45

seem to me that these career

10:47

politicians who stay in office forever

10:49

and do very little except siphon

10:51

wealth and then set themselves up

10:54

with you know insider trading and

10:56

all this other stuff that they

10:58

do and then working with the

11:00

lobbyists and all that like that

11:02

stuff has to end like you

11:04

cannot change this thing without getting

11:07

rid of the turds that are

11:09

entrenched the entrenched turds you got

11:11

to hear them now that for

11:13

every new regulation 10 must be

11:16

eliminated. Ten, before it was like

11:18

a two for one or three for

11:20

one. Now it's like ten, we're gonna

11:22

clean this stuff up and it's time

11:24

for the mediates to go home, people

11:26

that are incompetent, that have no business

11:29

governing, because the people that that actually

11:31

rule in a lot of our day

11:33

to day are not the elected officials.

11:35

It's these people in these different departments

11:37

that are making these decisions and taking

11:39

control and they've been. And they're not

11:42

making that much money relatively speaking. So

11:44

then they work out deals with the

11:46

lobbyist and they get paid on their

11:48

little side hustle and there's no there's

11:50

no consequences for any of that. And

11:52

so that's why. Oh, that's why I

11:55

think now with AI with Chad GPT

11:57

and some of these other tools, it's

11:59

like at least. journalists can actually look

12:01

at those 1400 page, you know, massive

12:03

bills that they drop through and you

12:05

can be like, what's the highlights of

12:07

this thing? What's weird on that? What

12:10

should we know? And because they'll be

12:12

like, all right, we're gonna vote on

12:14

this at 3 p.m. Here it is

12:16

at 8.m. Here it is like, all

12:18

right, we're gonna vote on this at

12:20

3 p.m.m. Here it is at 8

12:22

a.m. You got five hours at 5.

12:24

Here it is at 8. All right,

12:27

we'll be like, we're gonna vote on

12:29

this at 3. All right, we're gonna

12:31

vote on this at 3. We're gonna

12:33

vote on this at 3. We're gonna

12:35

vote on this at 3 p. We're

12:37

gonna vote on this at 3 p.

12:39

We're gonna vote on this at 3

12:41

p. We're gonna vote on this at

12:44

3 p. Well, I'll say this a

12:46

week from today, Joe Biden and Kamala

12:48

Harris will be gone. Yeah. But who's

12:50

the controllers of them? That's the ones

12:52

that are still lingering. Deep state. They're

12:54

like, they're like the duty that hangs

12:56

on. They're danglers. You know, you have

12:58

that with Tooky sometimes. You ever get

13:01

a dangler? I just took her outside

13:03

just a minute ago and she's like

13:05

dealing with the snow. So she didn't

13:07

even drop a deuce. Oh you got

13:09

snow. Oh man, what does that look

13:11

like? We had, not only did we

13:13

have snow, we had about an inch

13:16

of ice and then eight, nine inches

13:18

of snow, then a couple of days

13:20

with no snow, and then five more

13:22

inches of snow. Now we can almost

13:24

see the ground out there in a

13:26

couple places, but yeah, there was a

13:28

lot of snow. A lot of accidents,

13:30

a lot of idiots don't know how

13:33

to drive in the snow, which is

13:35

real. A lot of Bitcoin, but the

13:37

supply on exchanges has hit its lowest

13:39

point since 2018. This is when the

13:41

price fell below $92,000 is from crypto

13:43

dash economy.com. Reserves on Bitcoin exchanges dropped

13:45

to 2.35 million Bitcoin the lowest level

13:47

in nearly seven years. And I think

13:50

this is, you know, as people talk

13:52

about the crypto shock. that is coming,

13:54

the Bitcoin supply shock, that if you

13:56

can't get it, if you can't get

13:58

it, when retail comes in, when the

14:00

FOMO hits, when the US says, all

14:02

right. We're forming this Bitcoin Reserve as

14:04

an asset and countries all over the

14:07

world and Enterprise and others are trying

14:09

to go look what micro strategies do

14:11

and it's blowing up. There's how are

14:13

people going to get their Bitcoin? This

14:15

is what causes the parabolic run up.

14:17

This is it. This is what it

14:19

looks like. Remind me in six months.

14:22

Yeah, after all these countries and

14:24

companies and whatnot start buying all

14:26

this Bitcoin either going to be

14:29

like well Where are we getting

14:31

it from? Oh, well then nobody's

14:33

selling and so supply and demand

14:35

would then showcase that we see

14:37

what happens. Especially if micro strategy

14:39

keeps buying, turns out they did

14:41

another filing and they bought 243

14:43

million more in Bitcoin, which I

14:46

think is about a, what was

14:48

it, how many do they have

14:50

now? They've got approximately 450,000 Bitcoin

14:52

now. which is crazy average price

14:54

of 62,691 per Bitcoin. So I

14:56

would say that micro strategy is

14:58

looking good. I mean, they're trying

15:00

to get to 500,000 Bitcoin. Obviously

15:03

all the ETFs collectively have a

15:05

million Bitcoin, right, which is crazy.

15:07

It just seems like, you know.

15:09

Man, it's like if any of

15:11

them wanted to get rid of

15:13

it. It's going to do crazy

15:15

things to the market. So hopefully

15:17

that's not part of the case.

15:20

Now I did hear some unsubstantiated

15:22

rumors about Black Rock looking to

15:24

create some sort of fork of

15:26

Bitcoin that created additional additional Bitcoin

15:28

because they were thinking about that.

15:30

So. I don't have news on

15:32

that. It was a conversation we

15:35

had in the big Twitter space.

15:37

And so it's like, dude, if

15:39

that happens, then it's like, oh,

15:41

we don't need this one. We

15:43

need more of a proof of

15:45

stake. Bitcoin instead of a proof

15:47

of work Bitcoin or something. And

15:49

then remember, remember way back in

15:52

the day when Bitcoin cash was

15:54

created and all of a sudden,

15:56

everybody had X amount of Bitcoin

15:58

cash. in the wallet. It's a

16:00

fork. Yeah. Yeah, when they forked

16:02

it. Yeah. And then it was

16:04

just so weird to be like,

16:06

oh man, I got X amount

16:09

of Bitcoin. Now I got a

16:11

Bitcoin cash. Got up like three

16:13

or four thousand dollars of Bitcoin

16:15

or something. Right. I had Bitcoin

16:17

cash. It was crazy. That was

16:19

a crazy run at that time.

16:22

Yeah. Word also has it that

16:24

we have the Democrats that are

16:26

on the Securities Exchange Commission that

16:28

are leaving, retiring. Of course, Gary

16:31

Gensler is going to get fired

16:33

if he doesn't retire, even though

16:35

his term's not up until 2026.

16:38

He's out of here. And we

16:40

could already see the SEC has

16:42

not been doing well with Ripple

16:44

and Coinbase just scored a victory

16:47

with against the SEC. A judge

16:49

says we're going to escalate the...

16:51

dispute over what a security is.

16:53

And I do not have a subscription

16:55

to Fortune to be able to

16:58

tell you more about that, but

17:00

it's definitely a positive.

17:02

I saw it and I got

17:04

the words from it. So the

17:06

judge agreed to escalate the dispute

17:08

over the definition of what crypto

17:11

securities are, so which could be a

17:13

crucial issue in this whole thing. And

17:15

it's seen as a

17:17

huge win for coin

17:20

base because the coin

17:22

base was. was very

17:24

kind of shy to

17:26

showcase some of these

17:29

And so it's just the whole case

17:31

is centered around the question of

17:33

how crypto should be regulated and

17:35

classified and who's in charge of

17:37

it. Is it because it's more

17:39

of a commodity is it more

17:41

of a security and it depends

17:43

on some of how the the

17:45

the projects are launched and handled.

17:47

And so this could have far

17:49

reaching implications for the crypto industry

17:51

and regulation because regulation in the

17:53

United States has been so weird for

17:56

so long, you know, so hopefully we get

17:58

some more. clarification on all of this

18:00

and we start rocking a

18:02

rolling. Well here's more about

18:04

the pending executive orders. They

18:06

believe that Trump is going

18:08

to issue crypto focused EOs

18:10

on day one reshaping blockchain

18:12

policy and expected to usher

18:14

in major policy shifts benefiting

18:16

tech and crypto industries with

18:18

people like Mark Andreessen and

18:20

David Sachs influencing its direction.

18:22

So I mean this is

18:24

what he promised and when

18:27

you consider that the crypto

18:29

world is largely responsible for

18:31

getting him elected. I think

18:33

he's gonna he's gonna deliver

18:35

on this. He better deliver. Hey, do

18:38

my audio sound louder now? No,

18:40

you sound just like Travis Wright.

18:42

Okay, but your mic is glowing red

18:44

now, which kind of matches the hat

18:46

and the KC on your match is

18:48

bad. This is the bad mic. Oh,

18:51

that's the bad mic. See, I didn't

18:53

even make that connection. The bad bad

18:55

microphone baby. All right

18:57

next up is Binance

18:59

facing some legal setback as

19:01

the U.S. Supreme Court is

19:03

upholding the crypto lawsuit against

19:05

the exchange. Now, there's also

19:07

some conversation about Binance. US

19:09

doing an IPO. So there's

19:11

some stuff happening around that.

19:13

So a lot of stuff

19:15

going on, but the Supreme

19:17

Court has declined to hear

19:19

Binance's appeal concerning token sales.

19:21

And, you know, Binance is

19:23

an exchange. It's also a

19:25

launch pad. It's also a

19:27

kingmaker. of a coin and

19:29

they go, oh, it's going on

19:32

Binance, then the plane goes baboom.

19:34

So there might be some insider

19:36

trading things that have been going

19:38

on. And so this lawsuit was

19:40

filed in 2020 by a group

19:42

of original Binance investors. And they

19:44

allege that the exchange failed to

19:46

warn them about risks around several

19:48

tokens, including Elf. Eos and fun, which

19:50

was purchased in 2017. So this is

19:52

something that goes way back to the

19:55

beginning. And then the US District Court

19:57

actually said, we're going to dismiss this

19:59

case. in March of 2022, but

20:01

then the SEC from what I

20:03

believe said, no, no, no, let's

20:05

redo it again. Let's talk about

20:07

some more you guys. And so

20:09

an appeal overturned that. And so

20:11

here we are. And now the Supreme

20:14

Court says, not my business. Can

20:16

you imagine like suing an

20:18

exchange because they didn't warn

20:20

you that investing in

20:22

something so risky, so obviously

20:24

new and untested, could lose

20:27

you money? I just I just I

20:29

can't imagine like it's it's negligence not

20:31

taking it up been they shouldn't they

20:33

go after like EOS or the fun

20:35

peat token people like the people who

20:38

are doing it not like so that

20:40

just shows the early stages of crypto

20:42

and how people didn't really understand how

20:44

it all goes together and what it

20:46

does. So yeah, man. So they're still

20:48

talking about this stuff because they actually

20:51

says that they argued that the appeal

20:53

court misapplied a 2010 legal precedent. And

20:55

so that's what they were telling to

20:57

the Supreme Court. And the Supreme Court's

20:59

like, no, dog. And so it's just

21:02

weird. So they declined the appeal. And

21:04

so now the lawsuit's going to proceed

21:06

and could expose a binance to a

21:08

lot of damages. So that could be

21:10

interesting to keep an eye on actually. Do

21:12

you know Buddy Carter? You know this

21:14

guy? He's a representative. I don't

21:16

think so. May Jimmy rest in

21:18

peace? I'm a big up farmer,

21:20

but now I'm dead. Great guy,

21:22

horrible president, atrocious president. Very

21:25

good, hearted guy for real.

21:27

Yeah. So Buddy Carter is

21:29

a rep from the great state

21:31

of Georgia and he is

21:34

introduced. Might be related then

21:36

because Jimmy was from Georgia.

21:38

The Fair Tax Act, a

21:40

sweeping proposal to dismantle the

21:42

federal tax code, abolish the

21:44

IRS, and replace it with

21:46

a national consumption tax, which,

21:48

you know, look, I don't

21:51

know the details here, but

21:53

in general, I'm a fan.

21:55

It proposes a 23% consumption

21:57

tax on new goods and

21:59

services. eliminate personal and corporate income

22:01

taxes payroll taxes the estate tax which

22:04

is criminal and gift taxes which I

22:06

think are also criminal and in this

22:08

way you you buy it you use

22:10

it you pay tax on it and

22:12

if you don't you don't so if

22:14

you buy that big you know expensive

22:17

boat guess what you're gonna pay your

22:19

tax on it but if you don't

22:21

buy a big boat you don't have

22:23

to. You know, it's really weird. I mean, you

22:25

just kind of covered a whole lot. It's

22:27

like, oh, now I bought my car. I

22:30

paid taxes on it. I paid taxes on

22:32

it with already pre-taxed money. Now every year

22:34

I got to pay property taxes on my

22:36

car that I've already paid taxes on when

22:38

I bought the car and then with money

22:41

that's already been pre-taxed. It's just like a

22:43

tax on top of a tax on top

22:45

of tax. You know, if Boston... what was

22:47

involved back in the day throwing

22:49

the T in the harbor for

22:51

like a very minuscule amount of

22:53

taxes compared to what we are

22:55

now taxation without representation this should

22:58

be none of that now have

23:00

you seen the new news about

23:02

Trump and the external tax

23:04

service have you the revenue service have

23:06

you heard of that he just released that

23:08

today do tell far too long you can

23:11

pull it up on on on X type

23:13

in external revenue service for far

23:15

too long. We have relied on

23:17

taxing our great people using the

23:20

internal revenue service through soft and

23:22

pathetically weak trade agreements. The American

23:24

economy has delivered growth and prosperity

23:26

to the world while taxing ourselves.

23:29

It is time for that to

23:31

change. I am today announcing what

23:33

I will create the external revenue

23:35

service to collect our tariffs duties

23:38

and all revenue that comes from

23:40

foreign sources. We will begin charging

23:42

those that make money off

23:44

us with trade and they

23:47

will start paying finally their

23:49

fair share January 20th 2025

23:51

will be the birth date

23:53

of the external revenue service

23:56

make America great again.

23:58

Wow, wow, wow, wow. I mean... I

24:00

don't hate it, I don't hate

24:03

it, like we're not collecting

24:05

from those who we are

24:07

giving to and they're not

24:09

giving back, which kind of

24:11

leads to this whole conversation

24:13

about Canada, Greenland, the

24:15

Gulf of America, right? You

24:17

know, what's going to happen?

24:19

Is he just playing, you

24:21

know, chess here to get

24:23

to negotiation? Or do you

24:26

think that we can actually

24:28

make Canada... or Greenland estate?

24:30

It is interesting to think

24:32

about it. I mean, I've

24:34

had conversations about this on

24:36

some of those, the X spaces.

24:39

Greenland probably has a lot of

24:41

rare earth elements. Yeah. Probably had, I

24:43

mean, because there's just mountains and

24:45

like ice and somebody on one

24:48

of the spaces said, you know,

24:50

it's gonna be a great place

24:52

for external data centers for for

24:54

having cool for cooling there. So

24:56

I think there's a lot of

24:58

probably unknown resources on Greenland, but

25:00

it's so treacherous on trying to

25:03

get there. But when you have

25:05

those Tesla robots doing stuff, like

25:07

it's probably not going to affect

25:09

them so much. It's not going

25:11

to be humans going there and mining.

25:13

It's going to probably be robots of

25:16

some sort. So it is pretty interesting.

25:18

Now, did you hear? Did you

25:20

hear this? We talked about Jimmy

25:22

Carter. We talked about Trump. Did

25:24

you hear that two people allegedly

25:26

at Jimmy Carter's funeral tried to

25:28

kill Trump again? But they haven't

25:30

haven't mentioned that much on mainstream

25:32

media at all. No, I have

25:34

not heard that. Is that legit?

25:36

Like the DC Capitol Police dude

25:38

came out and talked about it.

25:40

But they weren't talking about it

25:42

on media on the media much at

25:44

all. Yeah, go look on my Twitter. You

25:47

can pull it up. And I believe

25:49

I retweeted it. I'm just looking

25:51

to see if there's anything

25:53

at all that even pops

25:56

up on news. There's nothing

25:58

on mainstream news. to the

26:00

Capitol to unalive Trump. It's a

26:02

video. All this. So this, it's

26:04

just kind of crazy how the

26:06

first one, oh my God, whoa,

26:08

Trump. And then there was the

26:10

second one, like when he's playing

26:12

golf. And now here we are

26:14

again, like they do not want

26:16

this dude to be president. No.

26:18

And it's crazy. Oh, you know,

26:20

they're coming up with something. I

26:22

was thinking about this. So I've,

26:24

I've, I would suggest this if

26:26

you are going to the inauguration

26:28

to bring some of those in

26:30

95 masks because those fog that

26:32

mysterious fog that was all over

26:35

America they've done tests on that

26:37

now and they found that there

26:39

was weird bacteria in there there

26:41

was also some other chemicals in

26:43

that so people would smell it

26:45

to be like whoa this smells

26:47

like it's like plastic or something

26:49

plastic burning there's something going on

26:51

with that and they were saying

26:53

oh there was graphite in it

26:55

as well and so that was

26:57

that you could see that maybe

26:59

they're testing it because to do

27:01

project blue beam to shoot holograms

27:03

up in the air when you

27:05

see these drones doing certain things

27:07

they need that sort of foggy

27:09

and that they need that sort

27:11

of environment to do like a

27:13

smoke show at a concert they

27:15

need a smoke show to be

27:17

able to shoot the lights off

27:19

like on the lasers and so

27:21

it would seem to me that

27:23

just trying to connect the dots

27:25

and be like what was up

27:27

with that weird fog that came

27:29

out at the like right the

27:31

beginning of the year and like

27:33

all over the East Coast and

27:35

some places in the West Coast

27:37

and we have the West Coast

27:39

fires and that was weird that

27:41

that kind of took people's minds

27:43

off of the UFOs that was

27:45

showing up or whatever that was

27:47

the drones over New Jersey so

27:49

there's just so much weird shit

27:51

going on it's just hard to

27:53

ascertain what's what's going down in

27:55

the city you know? Trying to

27:57

ask our time brother well did

27:59

sir. Well done sir. Let's move

28:01

on with the news then because

28:03

tether is packing up their bags

28:05

and They're leaving their headquarters to

28:07

El Salvador very Bitcoin and crypto

28:09

friendly country and they've got a

28:11

solid regulatory framework there and they

28:13

are moving their license to relocate

28:15

to Central America. It would be

28:17

really interesting as if you know

28:20

all of a sudden in the

28:22

US it's like hey it's good

28:24

you guys can work here like

28:26

we just moved our license damn

28:28

it we're going to El Salvador.

28:30

You can stay here it's fine.

28:32

No, it is really fascinating to

28:34

take a look at that and

28:36

see what's going on. And then

28:38

how many other places are going

28:40

to be moving because Bitcoin's super

28:42

friendly there. And, you know, court

28:44

filings are saying that Mexican and

28:46

Colombian cartels are using tether and

28:48

Bitcoin to launder millions. That to

28:50

me sounds like fear porn as

28:52

usual. Like, oh, see, Bitcoin's bad.

28:54

They don't ever, they don't ever

28:56

do money laundering with real dollars.

28:58

But yeah. So... keep that in

29:00

mind but tether leaving now I

29:02

did see there was some additional

29:04

information about circle circle starting to

29:06

come up more so they had

29:08

a really big year they were

29:10

minting more and more circle so

29:12

remember when you know FTX went

29:14

down and there was some other

29:16

stuff that went down circles holdings

29:18

it tanked a little bit the

29:20

kind of freaking out well now

29:22

it's sort of reviving a little

29:24

bit I think we're gonna see

29:26

a real USDC versus US DT

29:28

more so in the future. Speaking

29:30

of FTX, the 1.2 billion dollars

29:32

in repayments is going to start

29:34

here. See if there's a date

29:36

that people can expect to receive.

29:38

The users owed up to 50,000

29:40

in digital assets must fulfill repayment

29:42

requirements by January 20th, setting the

29:44

stage. for the initial wave of

29:46

reimbursements. So, you know, those who

29:48

pulled their money out beforehand undoubtedly

29:50

received a letter, a legal letter,

29:52

as I did from Celsius, saying

29:54

you need to pay back what

29:56

you took out because at the

29:58

time that you took it out

30:00

they weren't they weren't liquid to begin

30:03

with the money wasn't really there

30:05

and they did clawbacks and everybody

30:07

negotiated individual to send money back

30:09

to them and so same thing

30:12

with FTX people have to repay

30:14

if they got out when the

30:16

money wasn't actually there and then

30:18

they're gonna start giving the money

30:20

to those who got totally screwed

30:23

in the deal. We're

30:25

gonna we're gonna it's like Indian giver which

30:27

I think is probably a racist term to

30:30

say is you say Indian Indian giver that's

30:32

what they used to call it back because

30:34

we used to like gift things to the

30:36

Indians and then we take it back but

30:38

it's most like government giver right it shouldn't

30:40

have been called Indian giver but that's what

30:43

I've always remember it being called because we

30:45

give him things and then we take it

30:47

away it's almost like Lucy with the football

30:49

you know Sorry, you can't have it. Why

30:51

are you so racist, Travis? Why? I'm trying

30:54

not to. I'm trying to eat racism. Let's

30:56

see, is there a way you can

30:58

make a racist joke about Sony's new

31:00

layer 2 blockchain? Sonium going live?

31:02

Go ahead. Give it a shot.

31:04

I saw a hilarious, I saw

31:07

a hilarious bit the other day

31:09

by this dude named Ari Matte.

31:11

He's a, he's showing up a

31:14

lot on Kill Tony and he's

31:16

this, he's a, he's from Estonia

31:18

and he has this, he's from

31:20

Estonia and he has this, these,

31:23

these, these from Estonia and he

31:25

has this, these great jokes, man,

31:27

his jokes are well written, he

31:30

was talking about retard, he's like

31:32

canceled for like a. word was like

31:34

canceled for like a week and then it came

31:36

back and now he goes but returns don't really

31:39

get all upset they don't get triggered he was

31:41

went off on he went off on that but

31:43

you should watch a whole joke because it's really

31:45

funny I could not do it justice you just

31:47

cross in a crossing a crossing a line probably

31:50

but you're right so Sony has lost what line

31:52

there's no line in comedy there's no

31:54

well that's true but there is lines in

31:56

podcast and podcast and Apple and so you

31:58

gotta be careful so has gone live

32:01

with their layer two blockchain, Sonium.

32:03

And so this is a main

32:05

net on, I believe the OP

32:07

stack, right? It's not on the

32:09

optimism there. What else is going

32:11

on with this thing? Because it's

32:13

like, it's like a huge old

32:16

giant embracing, creating their own L1.

32:18

Who has done that? The chain

32:20

is aimed towards bridging the gap

32:22

between Web 2 and Web 3

32:24

audiences, especially for creators fans of

32:26

the community. So this is another

32:28

entry into, you know, I think

32:31

what we're going to see in

32:33

terms of gaming, you know, like

32:35

don't. be surprised if they implement

32:37

this for PlayStation and those games

32:39

where you will be able to

32:41

take ownership of various weapons and

32:43

skins and other gear. We'll wait

32:46

to see how they are going

32:48

to use that, but also in

32:50

big tech, not so much crypto,

32:52

but just in general the growing

32:54

trend to say DEI. doesn't work

32:56

hey it was fun for a

32:58

few years but guess what when

33:01

you put mediates in charge of

33:03

important things just based on the

33:05

color of their skin regardless of

33:08

what that color is you're not

33:10

going to have the best person

33:12

on the job and so meta

33:15

has joined McDonald's Walmart and other

33:17

major companies saying all right this

33:19

d i think uh... you

33:21

know was fine to

33:24

try but didn't work

33:26

out and we're getting

33:28

rid of fact checkers

33:30

third-party fact-checking in other

33:32

words leftist fact-checkers that only

33:34

check what they want to check

33:37

and who censor those that they

33:39

disagree with and you know I

33:41

think that that's it's a good

33:43

it's a good step or for

33:45

meta to do that it is

33:48

a lot of stuff going on with

33:50

that so Well, I think this I

33:52

want to I want to go back

33:54

to that sonium thing just a little

33:56

bit because how interesting

33:58

will this be for. You know Sony

34:01

PlayStation 5 and some of this

34:03

other stuff are we going to

34:05

see more mainstream games getting into

34:07

crypto? Yeah and allowing people to

34:09

earn crypto because it seems like

34:11

that's that seems to me to

34:13

be a really big Really big

34:15

news right there. Yeah, it's an

34:17

onboarding it's an onboarding mechanism and

34:19

and they're going to do it

34:21

subtly, but it's going to happen

34:23

and people won't even realize they're

34:25

dealing with blockchain But when they

34:27

are playing a game one day

34:29

and they realize that there's a

34:32

marketplace for that skin or that

34:34

weapon or that armor or that

34:36

item and wait mom i just

34:38

i got this thing i sold

34:40

it for a hundred bucks you

34:42

know what so which you can't

34:44

do right now with your fortnight

34:46

skin so the weapons and you

34:48

know in call of duty or

34:50

whatever but you will be able

34:52

to it's coming and just like

34:54

we have whole industries popping up

34:56

the around these these streamers that

34:58

game twitches huge you got all

35:00

these leagues and competitions now you're

35:02

going to have a whole industry

35:05

around what we have been doing

35:07

and talking about now for years

35:09

and it's gonna be so glorious.

35:11

Gonna be glorious. It's going to

35:13

be interesting. So you did mention

35:15

about meta. They're closing down their

35:17

their DEI thing. You know, you've

35:19

watched that if you've watched the

35:21

the Joe Rogan interview with Zuck

35:23

like He's trying to portray himself

35:25

as like Chad Zuckerberg now, you

35:27

know, he's he's hanging out with

35:29

the you the the MMA guys,

35:31

right? He's got he's got what's

35:33

his nuts from the UFS as

35:36

as on his board of advisors

35:38

now and So it's interesting. It's

35:40

like and then you know, you

35:42

know, that guy is a huge

35:44

fans of Trump. I can't remember

35:46

his name right now. What's the

35:48

dude's name? Yeah Dana what yeah

35:50

and that guy loves Trump and

35:52

now and now Zuck has him

35:54

come in on the advisory board

35:56

but I don't really trust Zuck

35:58

because like he's Oh no, no,

36:00

we don't have fact checkers that

36:02

are that are that are biased

36:04

and then he comes out and

36:06

says yeah, fact checkers that are

36:09

biased Sorry, you guys. It's not

36:11

just that he admitted that the

36:13

Biden administration called and yelled at

36:15

them to take stuff down that

36:17

was legitimate and they band and

36:19

they banned doctors that were saying

36:21

hey maybe not a good idea

36:23

to to get that jab or

36:25

that booster hey maybe that mask

36:27

in the six foot distancing isn't

36:29

doing anything for you hey maybe

36:31

ivermectin will kick out that that

36:33

virus uh... that virus uh... that

36:35

is you know making you sick

36:37

and now we know now we

36:40

know the truth about it and

36:42

so i don't trust Zucky either

36:44

but this is a step in

36:46

the right direction he did go

36:48

to Marala go to the ring

36:50

and lucky doesn't want to have

36:52

regulation against him so how do

36:54

you how do you fix that?

36:56

You kiss the ass you kiss

36:58

the ring and by the way

37:00

What do you think is going

37:02

to happen with Twitter? They're losing

37:04

a lot of money and just

37:06

this last week, Elon tweeted that

37:08

the mission that that wokeness is

37:10

dead, the wokomine virus is dead.

37:13

Is he making a statement to

37:15

say, hey, mission accomplished? What are

37:17

the chances of Twitter and truth?

37:19

Becoming one because because Trump still

37:21

has is not like on Twitter.

37:23

He mostly posts on truth and

37:25

stuff gets reposted to Twitter Well,

37:27

I mean I've heard that Elon

37:29

is basically staying in a guest

37:31

bedroom at Maralago a lot of

37:33

the time. I would say this,

37:35

you know, Elon is pretty eccentric

37:37

and he's a strange dude, right?

37:39

He's a genius, clearly, but he's

37:41

a strange dude. But he's a

37:44

strange dude. I wonder how long

37:46

it's going to be until he

37:48

pisses Trump off. Like he's just

37:50

going to be like in his

37:52

hair and he's going to get

37:54

mad at him and it's going

37:56

to be an epic... blow up

37:58

and then what happens right that's

38:00

a concern about that deals you

38:02

know he's he's gonna piss he's

38:04

gonna piss trump off and it's

38:06

a it's a battle of egos

38:08

they're all buddies now but what

38:10

happens when they're not buddies it's

38:12

just a matter of time something's

38:14

gonna happen but hopefully they can

38:17

do a lot of good stuff

38:19

before then so yeah I mean

38:21

look lefties are going to take

38:23

any W that they they think

38:25

they can take and unfortunately they

38:27

don't have any real W's it

38:29

takes just a whole bunch of

38:31

L's they're like now on Twitter

38:33

they're like this isn't a mandate

38:35

I don't call four million votes

38:37

a mandate okay cry some more

38:39

you lost the electoral college you

38:41

lost the popular vote you lost

38:43

the the the Senate the House

38:45

and he won seven swing states

38:48

Boho crime of your river and

38:50

you're mad that it's called mandate

38:52

not woman date or zir date

38:54

it's a mandate and government sorry

38:56

this this is funny trap We've

38:58

been talking about Utility for NFTs

39:00

for a long time and the

39:02

Attorney General of New York is

39:04

going to serve an NFT to

39:06

these criminals that stole 2.2 million

39:08

in crypto They're going to serve

39:10

them via an NFT that has

39:12

it's a link to the documents

39:14

detailing the lawsuit So this is

39:16

the first time a regulator has

39:18

served an alleged criminal using an

39:21

NFT and there it is on

39:23

blockchain public for all to see

39:25

I think it's funny. Wait, I

39:27

would not say that this is

39:29

the first time because I've remembered

39:31

Mr. Joe Com sending unburnable NFTs

39:33

to people who were scamming on

39:35

wax and you would just drop

39:37

them an unburnable soul-bound token that

39:39

said I'm a scammer and that's

39:41

true. that's true we were you

39:43

were attorney general but i mean

39:45

you were the general of bad

39:47

crypto i was serving we got

39:49

a couple good fights. It's just

39:52

hilarious though too though to send

39:54

somebody's wall. It's like well screw

39:56

this wall and it's hosed. I

39:58

got to get a new one

40:00

because Joe just sent me an

40:02

unburnable soulbound token. What a dick.

40:04

Now I got to find a

40:06

new way to scan people. Five

40:08

Star Review on Apple, awesome podcasts.

40:10

I've tuned into a lot of

40:12

their episodes throughout the past couple

40:14

years while driving or when I'm

40:16

able to listen at work. Joel

40:18

and Travis are some funny and

40:20

intelligent dudes. They present important crypto

40:23

news in a way that's easy

40:25

to understand. Their humor keeps the

40:27

episodes from dragging on and the

40:29

content is on point looking forward

40:31

to more episodes. You're not going

40:33

to get rid of us that

40:35

easily. Do you want to read

40:37

the other one? We're like a

40:39

fungus now at this point. We

40:41

grow on you. We

40:44

grow on you all right, so

40:46

did you read the awesome podcast

40:48

one you read the okay second

40:50

one long-time listener wrong time listener?

40:52

Wrong time Marissana. Been following Travis

40:54

and Joel since 2019 and have

40:56

yet to be disappointed. They've introduced

40:58

me to hundreds of coins influencers

41:00

in the crypto market as well

41:02

as provided endless amounts of knowledge.

41:04

It may be bad and corny,

41:06

but these guys won't steer you

41:08

wrong. I've enjoyed them so much.

41:10

I even rock a shirt with

41:12

their faces on. Well, who is

41:14

that beavis and buthead? What is

41:16

that? Thank you for all your

41:18

hard work and it's greatly appreciated

41:20

from your long-time female listen there

41:22

in New Hampshire, Tyler. I want

41:24

to see this shirt with our

41:26

faces on it because I don't

41:28

know that I've ever seen a

41:30

shirt with our faces on it.

41:32

Yeah, well, I'm sure that there

41:34

is a, isn't there? Well, there

41:36

was one when we did to

41:38

the moon thing at South by

41:40

Southwest that one time, so that

41:42

might have been. I know we've

41:44

never sold a shirt. A long

41:46

time ago. Back in the early

41:48

days of crypto when we started

41:50

the show and Bitcoin was just

41:52

$2,500 now we're 96,000 the ride

41:55

continues to get more and more

41:57

fun as always do your own

41:59

research be responsible with monies don't

42:01

listen to us and go buy

42:03

anything figure it out figure it out

42:05

and when when even when friends

42:07

and family travel ask me what

42:09

should I buy I say not

42:11

a financial advisor I'm not gonna tell

42:13

you what to buy but I have

42:15

invested in and I'll list off a

42:18

few of the coins that I've bought

42:20

and then they say how much should

42:22

I put in and I say well

42:24

all of it no I don't say

42:26

that I say how much money Could

42:29

you set on the table in front

42:31

of you, light it on fire, and

42:33

it not dramatically

42:35

drastically alter your

42:38

life? That's the amount.

42:40

That's it, like where

42:42

you will not get hurt

42:44

if you lose it all. It's

42:46

like a dollar? Yeah, buck

42:48

fifty. That sounds good. I like

42:50

that. So that's not that's pretty smart.

42:53

So yeah, so thank you so much

42:55

for giving us reviews. If anybody else

42:57

wants to give us a review, that

42:59

is awesome. We love reviews. I even

43:02

like the one star reviews because I

43:04

laugh at you and I feel sorry

43:06

for you that you like most of

43:08

the time people won't leave positive reviews

43:11

unless I you go to a business.

43:13

You're like, man, you suck. The server

43:15

was horrible like only people who are

43:17

angry typically leave reviews. and it feels

43:20

like it because I got old

43:22

balls now. Oh my gosh,

43:24

we've been here forever, so

43:26

our ass is our chaps.

43:28

Why we wear those assless

43:30

chaps now? I was in

43:33

my 40s when we started

43:35

this show. Thanks everybody,

43:37

we appreciate you, catch

43:39

you next time. Until

43:41

then, stay back. The

43:50

bad crypto

43:52

podcast is

43:55

a production

43:57

of bad crypto.

43:59

LLC. The content of the

44:01

show, the videos, and the website

44:04

is provided for educational, informational, and

44:06

entertainment purposes only. It's not intended

44:08

to be and does not constitute

44:11

financial, investment, or trading advice of

44:13

any kind. You shouldn't make any

44:15

decisions as to finances, investing, trading,

44:17

or anything else based on this

44:20

information without undertaking independent due diligence

44:22

and consultation with a professional financial

44:24

advisor. Please understand that the trading

44:27

of Bitcoin and alternative cryptocurrencies currencies

44:29

potential risks involved. Anyone wishing to

44:31

invest in any of the currencies

44:33

or tokens mentioned on this podcast

44:35

should first seek their own independent

44:38

professional financial advisor.