0:00

has come back to life in the

0:02

bull market may be resuming its

0:04

second phase. A new SEC

0:07

chairman has been ushered in, but

0:09

Jerome Powell remains a wet blanket

0:11

on the economy. AI developments continue

0:13

moving rapidly and soon your digital

0:15

twin will be able to take

0:17

meetings or comfort loved ones when

0:19

you've left your earth suit. Sound

0:21

very black mirror -ish? We're from the

0:23

future and we're here to tell

0:25

you that everything will be just

0:27

fine. It's a great day for

0:29

a green day, but green day

0:31

is kind of a stupid

0:33

woke band. So let's just leave

0:35

it at a great day

0:37

for episode number 774 of the

0:39

Bad Crypto Podcast. Five,

0:41

four. Travis

1:11

remember when rock and rollers used to

1:13

be counterculture and now you've got

1:15

these Rock and Rollers like Green Day

1:17

and Springsteen going with the mainstream

1:19

narrative. Yay, war. Let's let's go to

1:21

war and in yay establishment. What

1:23

is up with that? Right.

1:25

I mean, if you look

1:28

at it, it's like Neil

1:30

Young, Pearl Jam, Green

1:33

Day. Like those were bands

1:35

that, I mean, fighting, fighting

1:37

against the man. And then all

1:39

of a sudden they became the man. What

1:42

a bunch of trots. Can I say that trots? I'll

1:45

stop listening to them, dude. I'm like, you know what?

1:47

I got time for you. I got time for this.

1:49

I'm going to I'm going to pump your numbers in.

1:51

Pearl Jam used to be in my top five favorite

1:53

bands of all time. They're

1:55

no longer. Let's just hope the Gallagher's

1:57

don't say anything political that you know. Liam

2:00

says some dumb shit

2:02

sometimes, but they don't really they don't really

2:04

go to political. So. But so do

2:06

we. Because it's a bad crypto

2:09

podcast, the show for the crypto curious

2:11

and the crypto serious now in

2:13

our eighth year coming up on our

2:15

eighth anniversary soon. And we got

2:17

news. We got things to cover, Trav,

2:19

because it's actually a super duper green

2:22

day in the crypto markets

2:24

time. There is the

2:26

reason you were talking about green

2:28

there. Uh -huh. Uh -huh. Yeah. Let me

2:30

put the, put the, put the

2:32

dots together there. It is the 22nd

2:35

of April, two, oh, two, five,

2:37

three, 23 PM Eastern time. And I'll

2:39

do a quick refresh here for

2:41

those of you watching the visual version

2:43

on YouTube, rumble or. Odyssey. Love

2:45

for you guys to watch over there.

2:47

If you want to see the

2:49

stories that we're covering the crypto market

2:51

cap 2 .956 trillion creeping back

2:53

up on the three trillion

2:55

mark Bitcoin 91 ,602. Man, we

2:58

had several weeks there of

3:00

that going sideways in the

3:02

mid 80s. And we finally

3:04

got a boost up 8

3:06

.8%. Right. I mean, realistically,

3:08

I mean, that was like There

3:11

was some, there was some clincher moments in

3:13

there like, oh, are we going to

3:15

drop below the line of demarcation? Uh -oh. Oh,

3:18

and it's been hanging on

3:20

and now. I mean, it

3:22

does look nice. Mr. Joe

3:24

calm doesn't Ethereum up by

3:26

8 % the last 24

3:28

hours back to 1700 XRP

3:30

to 16 BNB 608 Solana

3:33

$144 13 % this week dogecoin

3:35

17 cents Cardano 65 intron

3:37

just about a quarter. And

3:39

let's take a look here

3:41

and see the big winner

3:43

for the week bit tense

3:45

or almost 50 % a

3:49

good one. Yeah, it's popping

3:51

off and it's one of those AI

3:53

plays that are probably going to do

3:55

some big things as a move on down

3:57

the road. Another big winner, I mean

3:59

a mutable, that's an L2. Stacks

4:01

is an L2 and artificial

4:03

super intelligence alliance. I don't

4:05

know why it's called FET, which

4:08

is weird because you're artificial super and

4:10

I don't see FET in there anywhere.

4:13

Right, that's an L2. No,

4:15

that's not. That's

4:17

a gurgly one. That's

4:19

that's that's below L2. It's

4:21

at the bottom and really look

4:23

at as far as the

4:25

the red for this week. There's

4:27

just a few of them one

4:30

down 14 percent and everything else

4:32

negligible in terms of downs.

4:34

So I believe Sir. Lord Travis

4:36

said if we look at Bitcoin

4:38

that what we are experiencing right

4:40

now unless this is just a

4:42

bull trap could be could be

4:45

a bull trap when we

4:47

go back to the 2021 bull

4:49

run. I believe that we have

4:51

been here. We saw an all

4:53

-time high and we fell quite

4:55

a bit, not as much as

4:57

we did in 2021. And I

4:59

think it's possible that we are

5:02

about to see the next leg

5:04

up. What's unusual about it,

5:06

Trav, is that the leg up

5:08

is happening in the spring. Usually,

5:10

if you look back here, the

5:12

leg up didn't start happening until

5:14

mid -summer. And don't they usually

5:17

say sell in May and go

5:19

away? So everything's kind of

5:21

been shifted because that early

5:23

all -time high that you've referenced

5:25

previously. Yeah, that prehaving

5:27

weird bump thing that happened.

5:29

Because of ETFs. That's why. Yeah,

5:32

ETFs make me say WTF, and that's

5:34

OK, but I like it. But

5:37

this right here, pull the chart one more

5:39

time. Let's see.

5:41

chart one more time do that

5:43

to me one more time show me

5:45

the crimp dollars here it is

5:47

so look at this what i see

5:49

when i'm looking at the chart

5:51

isn't objectively and go back to just

5:53

the bitcoin chart okay yeah i'll

5:55

go to the oh here's it's max

5:57

there you go there's the whole

6:00

thing you're showing that and well whatever

6:02

you were just showing a minute

6:04

ago i think you were showing you

6:06

were zoomed in it's the 2021

6:08

run So that's, uh, that's this part

6:10

of the story right here. Yeah.

6:12

And so this one was like, that

6:14

was such an epic dip. It

6:16

was like, boom. And it's just like,

6:18

boom, it got, it got so

6:21

big right there from like, you know,

6:23

58 to 40 something 30 something

6:25

cheese like that was just such a

6:27

huge drop and was like all

6:29

right the party's over and then it

6:31

went into its other little thing

6:33

and it kind of barely went above

6:35

the all -time high it was just

6:37

such a weird but even here

6:40

look at this September it hits 51

6:42

and a half and then it

6:44

drops again to 40 40 so like

6:46

right there okay that's it it's

6:48

over now it's over but it was

6:50

a higher low It didn't

6:52

go down below the previous high and

6:54

this one went up and then

6:56

ba -ba -ba -ba -ba -ba -ba that was done

6:58

if you couldn't tell they after

7:01

after a little over 40k and then

7:03

actually dropped you're done it's done

7:05

that run is over now this one

7:07

right here has been like uh

7:09

uh uh uh like this is a

7:11

this is a lower high lower

7:13

low this version right here the 2024

7:15

2025 one is another weird one

7:17

because it's every it got to that

7:19

100 and whatever and then it's

7:21

it's been like lower high lower low

7:23

lower high lower low and now

7:26

it's now it's rebounding a bit And

7:28

we still got to see the

7:30

MACD and the 250 day moving average

7:32

and see where we are. I

7:34

have not seen a cross that would

7:36

indicate it's about to go off.

7:38

But dude, it was sitting in the

7:40

70s a couple of weeks ago

7:42

in the 80s, and now it's back

7:44

in the 90s. Dude, it looks

7:46

to me like it's going to pop

7:49

right through 100 again. Maybe this

7:51

is why they say history doesn't repeat,

7:53

but it rhymes. There's definitely some

7:55

patterns that we can pick out from

7:57

it. Bitcoin dominance at 61 and

7:59

a half percent. And again,

8:01

this is wrong. I wish the coin

8:03

stats people, we need to just,

8:05

I keep saying we need to find

8:07

a better crypto fear and greed

8:10

indicator. They're saying we're at 38 fear.

8:12

So we're still in the fear

8:14

zone, but you know, with a day

8:16

like today, it's easy to see

8:18

that it could very quickly push into

8:20

great enthusiasm. So

8:23

some of this is because of what's

8:25

happening in the news or maybe it's because

8:27

of what's happening at news, but we

8:29

have a new SEC chairman. We

8:31

do Gary Gensler, you know, resigned. And

8:34

now we have Paul

8:36

Atkins, who was a Trump

8:38

nominee. He is the

8:41

34th chairman of the SEC

8:43

and apparently has a

8:45

crypto friendly position. So this

8:47

is good, like pro -business,

8:50

pro -crypto. And there's Paul

8:52

right there. Hi, Paul. What

8:55

up, Paul? I would say

8:57

that if he wasn't crypto -friendly,

8:59

he probably wouldn't have been nominated.

9:02

And he says he's got up

9:04

to $6 million in crypto assets.

9:06

Did he divest them? That's

9:09

a good question. I don't know what

9:11

to say. I think he divested, but

9:13

it's almost like. Why would I

9:15

want to get rid of my thing?

9:17

And I know it's going to be

9:19

awesome. So I'm going to divest by

9:21

giving it to my son. Yeah, that's

9:23

that's pretty much the way it goes.

9:25

So we shall see what happens in

9:27

that respect. This story is

9:29

actually from yesterday where Bitcoin

9:31

was nearing 90 K. And as

9:33

we just saw, we're now

9:35

91 and a half. And Travis,

9:37

even though it's a nice

9:40

leap. It's, remember the days we

9:42

were seeing where it moved

9:44

10 ,000 in a day? Those

9:46

are the ones we're looking for.

9:48

That it says gradually, then suddenly. And

9:50

you'll know the bull is back

9:52

if we see days where it's five,

9:54

seven, 10, boom, boom, like this.

9:56

And it goes pushing. Now you're like,

9:59

all right, everybody's in. We're on

10:01

board. We're pushing through the new all

10:03

time high. Let's go. Well,

10:05

we talked about that I think we

10:07

originally mentioned that back in like 2017

10:09

or 18 or maybe it was that

10:11

I think was that run or like

10:14

Eventually we're gonna see these we talked

10:16

about them. It's gonna pop. It's gonna

10:18

pop eventually We're gonna see these kind

10:20

of days and we've seen a couple

10:22

of those kind of days I've only

10:24

seen maybe one of them that goes

10:26

up 10k, but we've seen some drop

10:29

a pretty nice big chunk But as

10:31

the numbers get bigger the volatility numbers

10:33

will be wider but Zoom

10:35

back, as we always say, you

10:37

zoom out far enough. It's always up

10:39

and to the right. You just

10:41

pinch to zoom out. That's all you

10:43

do. Pinch. Look at the stock

10:45

market from yesterday. One and a half

10:47

trillion vanished from the stock market

10:49

yesterday. I think we're back a

10:51

little bit today. Most

10:54

of that, most of that's back. I

10:56

to talk about this right here, Joe, because

10:59

look, scroll up a little bit. See if you

11:01

can get both those charts in there. Well,

11:03

you can't get both the charts in there. However,

11:05

it seemed to me that we

11:08

might be in the beginning stages

11:10

of the crypto market decoupling from

11:12

the stock market because yesterday, Bitcoin

11:14

was rising so much and the

11:16

stock market was crashing. And it's

11:18

almost like people are saying, wait

11:20

a second, I'm going

11:22

to hedge my bets with crypto

11:24

Bitcoin and gold, right? Gold

11:26

hit $3 ,400 yesterday. Bitcoin.

11:29

It was literally like,

11:32

ah, 84, 81,

11:34

84, 84, 88. Whoa,

11:36

boom, today 91. It's

11:39

kind of swimming upstream when

11:42

you would expect all the stock

11:44

heatmaps, they're dumping, the

11:46

markets are going down, but crypto is

11:48

like the little engine that could, at

11:50

least for this particular one, it said, hey, no, we're

11:53

going up. It almost seemed

11:55

like it's decoupling maybe a bit. I

11:57

think so. I think we started

11:59

to see signs of that a couple

12:01

weeks ago when the tariff thing

12:04

hit and stocks went like that in

12:06

Bitcoin held for 24 hours. Like

12:08

that was the first time I remember

12:10

seeing such a dramatic drop in the

12:12

stock market with bad news for the

12:14

economy and Bitcoin stuck in there. And

12:17

then 24 hours later when people like,

12:19

all right, maybe we should go down.

12:21

But isn't that how things test, right?

12:23

They try it and then it doesn't

12:25

hold. But you try it again. Maybe

12:27

it holds a little longer. You try

12:29

it again. Now we're looking pretty good.

12:31

And pretty soon people are used to

12:33

this idea of this is a different

12:35

thing. than what we've seen before. And

12:37

it's the same thing with crypto markets,

12:39

right? When you push that, you hit

12:41

that all time high, it challenges it,

12:43

then it goes, eh, maybe not. Then

12:45

it challenges again, it goes, maybe

12:48

not quite yet. And then the third time's

12:50

the charm. You push through and you run

12:53

again, and it's that same psychology loop that

12:55

runs again and again and again. You

12:57

know what, you know what I want,

12:59

how that kind of reminds me is

13:02

that, as you just mentioned, here's the

13:04

tariffs. Here at it, Bitcoin stand installed.

13:06

It kind of reminds me of that

13:08

little girl they put in front of

13:11

the bull on Wall Street. It's kind

13:13

of defiantly standing there. Yeah. It just,

13:15

like, Bitcoin was kind of like that

13:17

defiant 12 -year -old girl in front of

13:19

the Wall Street bull. And I was

13:21

like, nope, not gonna do it. Are

13:23

you saying Satoshi is female? Is that

13:25

what you're saying? the future is female,

13:27

didn't you read that? I did read

13:30

that. So, you know, Jerome Powell continues

13:32

to react in a way that Trump

13:34

is not happy with. I mean, this

13:36

dude is becoming a fossil really

13:38

quickly. And I don't know if we're

13:40

going to actually get to see

13:42

the Fed abolished, but the dude needs

13:44

to go. And I

13:46

think, you know, inflation, the interest

13:48

rates need to come down.

13:50

Right and and it's time for

13:52

a money printer to go

13:54

burn and let's bring this economy

13:56

back every day I'm seeing

13:58

news that more industry is coming

14:01

back to the US you

14:03

know billions billions and it's like

14:05

we've never seen anything like

14:07

this You know, I mean,

14:09

Taiwan is thinking about investing a

14:11

bunch over here and building some

14:13

of these facilities here. And I

14:15

think with robotics becoming more prevalent,

14:18

I think the future of Joel

14:20

is going to be a

14:22

lot of these big industrialized countries

14:24

having automated robots that are

14:27

building these things locally to avoid

14:29

things like tariffs, to avoid

14:31

things like big shipping because I've

14:33

seen, these things are so,

14:35

have so much dexterity now. The

14:37

other day, I did a

14:40

tick talk about it. I saw

14:42

this robot by a company

14:44

called Proto, Proto robot or something.

14:47

And it literally has a

14:49

thousand digital muscles. It

14:51

has an exoskeleton. It's

14:53

hands can do that. They're gonna get the

14:55

cost of making robots so cheap and

14:57

they're gonna build a lot of manufacturing back

14:59

and I don't necessarily know that it's

15:01

gonna bring a lot of jobs back to

15:04

those industries because they're just gonna automate

15:06

them and make robots do that stuff. And

15:08

so these robots are gonna be working

15:10

24 hours a day. They just get plugged

15:12

into the grid. I think we're gonna

15:14

see a lot of these companies with their

15:16

own with their own power

15:18

plants connected to it. Yeah, the proto

15:20

clone. This thing is nuts. Like

15:23

it's kind of like what dreams nightmares

15:25

are made of when you're looking at

15:27

things. It's really creepy. Yeah, that's really

15:29

creepy. Yeah, but these are gonna

15:31

be working in all of these industries

15:33

and these manufacturing plants. So

15:35

the jobs won't be brought back,

15:37

but industrial manufacturing will be brought back

15:39

with slave labor that are robots

15:42

working 24 hours a day. And then

15:44

when they get pissed off, they're

15:46

going to get pissed off. Not

15:48

only that, that's your future barista right

15:50

there. Welcome to

15:52

Starbucks. Here's your order. Have

15:55

an order for me off. I'm

15:57

Travis. Here is your drink, Trevor. No,

15:59

I'm Travis. I have

16:01

an order for me off,

16:03

Mr. Jack, me off. Your

16:05

coffee is ready. Beep,

16:07

beep, boop. So. Here's

16:10

a way to make some

16:12

money, Trav. You can get

16:14

one Bitcoin and you've got

16:16

a year to do it

16:18

if you accept the challenge

16:20

here. There are a group

16:22

of quantum researchers that are

16:24

offering one Bitcoin if somebody

16:26

can break a, what is

16:28

this, a model, a toy

16:31

version of BTC's cryptography. like

16:34

a testnet version of Bitcoin's blockchain. Can

16:36

you use cryptography to crack it? And

16:38

guess what? We're going to give you

16:40

one Bitcoin. But if you crack it,

16:43

you can get all the Bitcoin. Yeah.

16:45

If you crack it, you've ruined it.

16:48

Congratulations. So,

16:50

bro, we

16:52

have quantum

16:55

computer experts,

16:58

professional cryptographers, actively trying

17:00

to hack the

17:02

Bitcoin. Algorithm brother

17:04

256 Shaw what I

17:06

mean, but but haven't they

17:08

been doing that for

17:10

the duration of Bitcoin? I

17:12

mean What's coming out

17:14

with these new quantum computers

17:16

here's something Joel that

17:19

I think our listeners will

17:21

find interesting AI itself

17:23

AI these LLMs and everything

17:25

are doubling in power

17:27

not by Moore's law. They're

17:29

doubling in power every

17:31

five months So

17:33

in five months from now, we're talking

17:35

about October, it will have doubled

17:37

again. And then we're

17:39

talking by October back to

17:41

like maybe by February,

17:44

it'll have doubled again. And

17:46

doubling and doubling is not just a double

17:48

and a double, that's like an eight X. So

17:51

you'll get double it. Boom,

17:53

boom, boom, boom, boom, boom, dude. So

17:55

like, and then that doubles again.

17:57

And so, you know, I don't know

17:59

if you've seen that whole thing

18:01

like if you take a penny and

18:03

you double it How long does

18:05

it take you to get a million

18:07

dollars? It doesn't take you long

18:09

not long Not long 20 some days

18:11

and so think about this is

18:13

every five months. This is just doubling

18:15

We're gonna get up to the

18:17

point where AGI is here Joel and

18:19

we're gonna have and then once

18:21

AGI is here Artificial super intelligence is

18:23

created where it's basically like master

18:25

control Tron more so Something that has

18:27

like a million IQ. What

18:33

we going to do? How do you combat that? What do you do? You

18:36

can't put Pandora's box on this. People are

18:38

freaking out, like, oh, we can't read it.

18:40

Dude, it is late. These are

18:42

the conversations we should have been having 10 years ago. The

18:46

box is open. You think China's going to

18:48

put a lid on it? No. No.

18:50

They're going to open that lid

18:52

further just like they open the doors

18:54

to the Wuhan lab and let

18:56

that virus out. That's exactly what they're

18:58

going to do. But there's more

19:01

good news, Trav. And we're going to

19:03

talk a little bit of AI

19:05

here in just a few minutes. More

19:07

states are. attempting to

19:09

set up crypto reserves

19:11

in Arizona there in

19:13

the desert leading the

19:15

way a resolution SB

19:17

1373 passed House committee

19:19

the strategic digital assets

19:21

reserve bill and I

19:24

know that stuff is

19:26

happening in multiple states.

19:28

But you know, they're trying to define

19:30

what these digital assets are, what

19:32

is contained under the umbrella of these

19:35

digital assets. And they

19:37

are saying, according to a

19:39

reserve act that they

19:41

passed in the house just

19:43

a couple of weeks

19:45

ago, it would allow state

19:47

funds to invest up

19:49

to 10 % in virtual

19:51

currency holdings. Of course, Katie

19:54

Hobbs, the illegitimately elected

19:56

governor is a cheater, is

19:58

gonna veto it, but

20:00

you know. Yeah, I'm not a big fan

20:02

of country Hobbs. She's not that great. But

20:05

I will say this, every time

20:07

you say the word digital assets,

20:09

it sounds like digital ass hats.

20:12

I mean, isn't that the same thing? No,

20:15

here's the thing about these crypto

20:17

reserves. And what

20:19

I'm kind of concerned

20:21

about by more companies going

20:23

to be holding crypto

20:25

and how is that going

20:27

to work when Jimmy

20:30

at IT leaves? And

20:32

I think there's going to

20:34

be a potential where like,

20:36

oh, shit, Arizona lost all

20:38

the keys to its crypto.

20:41

You know what I mean? So I

20:43

do think that. We need to evolve

20:45

that. We got to have them be

20:48

secure, but we can't have it be

20:50

secure and so challenging to use because

20:52

a lot of these people aren't very

20:54

good at, you know, some of these

20:56

things and it's not easy, right? So

20:58

it's like, I mean, that's the challenge.

21:00

I love the idea of it. I

21:03

think that the idea of, you know,

21:05

you got to hold your own crypto.

21:07

If you ain't holding your own crypto,

21:09

who's got custody? And when you're relying

21:11

on Jimmy from IT to have custody,

21:13

we saw what happened with roll. Some

21:15

dude inside Roll had the keys to

21:18

the crypto castle and ran off, right?

21:20

Jimmy. You know? Jimmy. Why

21:22

is it got to be Jimmy? Well,

21:24

I don't know. Most the jimmies we know. I

21:26

know Fat Jimmy. He's a really nice one. He's

21:29

a good Jimmy. Shout out to

21:31

Jimmy. Jimmy. So

21:33

here the island where I

21:35

reside is in the

21:37

target. Once again, US lawmaker

21:39

targets crypto investors using

21:41

Puerto Rico as a tax

21:43

haven. How very dare

21:45

you, sir. The governor

21:47

of Puerto Rico, which is

21:49

leaning more Trump and conservative friendly

21:52

is floating a 4 % capital

21:54

gains tax for new applicants

21:56

and a member of the house

21:58

is saying, no, you can't

22:00

do that. do that. Of

22:02

course, it's just one person trying to pose

22:04

it. I'm sure they'll have others. New

22:07

York. New York want to put its

22:09

nose in everybody else's business. How about clean

22:11

up your own shit and your own

22:13

needles and your own issues that you got?

22:15

Why are you worried about Puerto Rico? But

22:18

I'm worried about lost revenue. Right.

22:22

Well, but they're not in

22:24

New York. So, I mean, what the hell

22:26

dude? the hell's it got to do? Texas. Oh,

22:29

people in Nevada are really upset

22:31

about what people in Hawaii are

22:33

doing. Like, who gives a shit?

22:35

It's not your business. Yeah, taxation

22:37

is theft. And so Puerto Rico

22:40

could lose roughly four and a

22:42

half billion in revenue from 2020

22:44

to 2026 due to tax incentives

22:46

in place. But what they don't

22:48

realize is that if you take

22:50

away those incentives, the island will

22:53

have another brain drain, a capital

22:55

drain, a production drain, a mass

22:57

excess. I got to tell you,

22:59

as a resident here, they have

23:01

some big problems. We just had

23:03

another island wide power outage last

23:06

week and our power was out

23:08

for about 30 hours. They are

23:10

so crippled here to move forward.

23:13

And frankly, there's a lot of reasons

23:15

that's happening. But I would put

23:17

ineptitude up towards the top of that,

23:19

put corruption and graft right up

23:21

there with it. And we've got some

23:23

serious problems here on this island.

23:25

And I fear that we are one

23:27

major disaster away from complete destruction

23:29

on this island. And I'm hoping that

23:32

the doesn't happen because I live

23:34

here and it's my home. Yeah.

23:37

Talk about brain drain. My big brain

23:39

already left. So I mean, they're still

23:41

really from your big drain and your

23:43

big butt. Both both. Yeah. That's why

23:45

I wear a big hat. What

23:47

is this? Oregon to resurrect

23:50

SEC's crypto regulation by enforcement

23:52

with copycat lawsuit against Coinbase.

23:54

Oh yeah. Leave it to

23:56

a blue state to. to

23:59

go to file a lawsuit

24:01

similar to the one that the

24:03

SEC dismissed. Um, so

24:05

good luck with that. I don't

24:07

think Oregon like, I mean, seriously, Oregon

24:10

is absolutely beautiful. Got some

24:12

of the most amazing old

24:14

world forest and just beautiful.

24:16

And then most of the

24:18

people on the East coast,

24:20

East side of Oregon are

24:22

really good. But like, uh,

24:24

if, if, uh, Portland. It

24:27

was like hit by a comet, like

24:29

a big ass just asteroid

24:31

crunched into Portland. Man,

24:34

I would be really hard for me to find

24:36

some empathy and tears. Yeah,

24:38

I think we live in Portland. Portland's

24:40

a mess. Yeah, sorry to our listeners

24:42

there. We would be sad for you.

24:45

We probably have already lost all our

24:47

Oregonians. No, there's some smart people

24:49

out there. I mean, there's balance everywhere.

24:51

And if you look at the

24:53

voting, it's not 100 % on this

24:55

side. But, you know, they just don't

24:58

have enough people to make a

25:00

difference. And those people who live in

25:02

Oregon, they need to start talking

25:04

to Terry and start talking shit to

25:06

Terry because people die from dysentery

25:08

on the Oregon Trail. So go talk

25:10

shit to Terry. You

25:14

just dissed, dysentery. So

25:16

remember, remember what happened with mantra

25:18

that was the token that went,

25:20

but lost 90 % a week

25:22

or so ago. So the founder

25:24

is saying that he is burning

25:27

$82 million worth of his own

25:29

tokens to rebuild trust. What is

25:31

OMAT now? Let's see if it's

25:33

had recovery at all. Back to

25:35

54 cents down from 10 bucks.

25:37

So it's still, it's still in

25:39

the crapper from, from what happened

25:41

to it. of 150 million of

25:44

the tokens to rebuild. But think

25:46

about that. John Patrick Mullen, just

25:48

a couple of weeks ago, was

25:50

a billionaire. Easy

25:54

come, easy go. I mean,

25:56

everything changes, gang. I

25:58

was talking to the CEO, Joe,

26:00

of Dragon Chain when we had

26:02

this event in Lawrence, Kansas, was

26:04

helping with the hackathon, was mentoring

26:06

folks over there. And he was

26:08

like, yeah, before the SEC. I

26:11

was, I was a billionaire. I

26:13

was like, Oh man, like, dude, I've

26:15

always pitched about my 55 Bitcoin that I

26:17

lost and stuff, but that's just, that's

26:19

less than $10 million. Like that's not a

26:21

lot. The more you got the, the

26:23

more you can lose. And that's why like

26:25

these, these billionaires when, you know, Zuckerberg

26:27

or Bill Gates or, you know, Elon Musk,

26:29

you hear that they wiped out a

26:31

billion dollars from their, you know, net worth

26:34

in a day. They're like, just

26:36

like any other day. Yeah.

26:38

Well, it's not going to be too long

26:40

until one of these folks are become a

26:42

trillionaire, especially if they're going to start turning

26:44

on printer go burr. Because guess what? You

26:46

go printer go burr, that money doesn't trickle

26:49

down to the poor folks. The

26:51

money ends up finding a way back to

26:53

the super rich and making them even more

26:55

super rich, right? People that are

26:57

super rich, they don't tend to have

26:59

a lot of empathy to help out.

27:01

the have nots as much, they're all

27:03

like, how can I get more for

27:05

me? And it's almost like it's a

27:07

narcissistic trait or something to really give

27:09

zero fucks about everybody. I'm all about

27:11

capitalism, but it's like, when you

27:13

get to be like super Uber capitalism, you

27:15

know what I mean? It's almost like, all

27:17

right, I got enough. I'm going to make

27:19

sure all my employees are rolling. I'm going

27:21

to set it like Amazon, like Jeff Bezos

27:23

is going to probably end up being the

27:25

world's first trillionaire potentially. Actually,

27:27

probably the first trillionaires, probably the

27:30

raw child family, but that's just

27:32

not disclosed. That's undisclosed trillionaires. But

27:34

in the public eye, we're going

27:36

to see a trillionaire probably in

27:38

the next five years. Well,

27:40

you know, it's really profitable to send

27:42

Katy Perry up in a flying deck. I'm

27:46

an astronaut. You're

27:50

not. You went for a ride, a

27:52

really cool ride. Okay. But you went

27:54

for a ride. Maybe they did. You

27:56

watch them. You watch all the evidence

27:58

and you're going, dude, that rocket

28:00

taken off kind of looks CGI. Yeah.

28:02

And then, oh, the pod they landed it doesn't look

28:04

like the one that was on top of the And

28:07

then you're going, wow. And

28:09

then they landed on a big thud,

28:11

but none of them were buckled

28:13

in. Dude, you see like other astronauts,

28:15

when they land, they do that

28:17

big waterfall. They're all sitting

28:19

in their suit to think they have

28:21

airbags all around them. They were just

28:23

like, hey, check out my cool butterfly. Yeah.

28:26

No helmets, not buckled

28:28

in tight. And that was a

28:30

big thud. And then the video from

28:32

the inside, the windows appear much

28:34

closer together. Then when you look

28:36

at they were dumb as fuck, dude, they

28:39

must think they must look at all this

28:41

stuff and go, these guys, most people are

28:43

dumb. Watch, watch this. And then did you

28:45

see him? Bezos opened the door and it

28:47

was like close it. Did

28:49

I think it was flimsiest shit, dude? And the

28:51

doors open out out. They don't open in.

28:53

They don't want it. You saw that they opened

28:55

it first from the inside and then they

28:57

ran a crew member ran over like, no, no,

28:59

no, close it. We need Jeff to open

29:02

it for the video. So they

29:04

actually. I'm

29:06

expecting like an airplane door

29:08

like a right, you know, like

29:10

a big that thing was

29:12

like, like chintzy. That shit was

29:14

chintzy. Well, it could have

29:16

been fake, but AI is not,

29:19

and your digital twin is

29:21

going to be as close to

29:23

you as possible without having

29:25

your actual soul. We've been talking

29:27

about digital twins for a

29:29

while, and this is becoming a

29:31

reality as projects are moving

29:33

forward in creating digital twins, AI

29:36

replicas of real people that

29:38

act, speak, and remember just like

29:40

they're human counterparts. And

29:42

this could definitely

29:44

happen. It's going

29:46

to happen. The re -memory project.

29:48

Yeah, no, there's a lot

29:50

of great projects popping off. I've

29:53

been advising a company called

29:55

Twin Protocol since like probably 2023

29:57

maybe. So they're doing some

29:59

awesome stuff, but it's about taking

30:01

in your information, plugging it in,

30:03

mostly for like, if you got to train an

30:05

employee and you're leaving your job, but you're

30:07

the only one who knows how to do this,

30:09

then that's a really good, yeah, Twin Protocol,

30:11

there it is. Yeah,

30:14

there's Stacy what up Stacy and

30:16

it's just always a while to

30:18

watch this like I've done my

30:20

own GPT Joel like which hat

30:22

GPT I plugged in my LinkedIn

30:24

all my data on that all

30:26

the tweets that I have currently

30:28

remaining after I've deleted most all

30:30

of them my book Transcripts from

30:32

bad crypto. I bought in like

30:34

my my personality type ENTP. I

30:36

brought in zodiac shit. I brought

30:38

in just all kinds of information

30:41

all of my jokes that I've written

30:44

for comedy since 2010, plugged those in,

30:46

it determined that I am an observational

30:48

absurdist. That's my comedy style. And it

30:50

was like, like other people like my

30:52

comedy style is, but they like to

30:54

find it. So now it kind of

30:56

thinks like me, it's not as high

30:59

tech as like a twin protocol or

31:01

like the re -memory project, but very similar.

31:03

And I can brainstorm against myself. And

31:05

then it's always helpful if I need

31:07

to like give a bio for some

31:09

specific thing or I need to send

31:11

an email back. I'm like, here's me.

31:14

Here's this email. I need to construct

31:16

it from boom. It's like, and it's

31:18

it does perfectly. It gives

31:20

new meaning to the concept of

31:22

talking to yourself because now it's talking

31:24

with yourself, right? Not just your

31:26

one brain thinking through and processing, but

31:29

you're actually using the full scope

31:31

of. what this GPT has learned and

31:33

knows who you are. Now imagine

31:35

this, this get, you know, it's one

31:37

thing to say, Hey, I'm going

31:39

to send my, uh, my digital twin

31:41

to work. Somebody dies. The

31:43

digital twin lives on. Like you

31:46

miss your dad, your mom, your brother,

31:48

your friend that died. Like you

31:50

can actually talk to this remnant of

31:52

them. Like, I was just thinking

31:54

last night, my dad's been gone a

31:56

few years. I'm like, yeah, I

31:58

have some questions for him. It

32:00

would be kind of cool to be

32:02

able to say, what is this? I

32:05

got videos of my dad. He's passed away. Like,

32:08

we can literally plug him up in

32:10

there and then just hear his voice talking

32:12

to you about certain things. Like, there's

32:14

some comfort to that. There's a little dystopia

32:16

to that, some black mirror to it.

32:18

But I mean, this is the age we're

32:20

getting into. Like, as we said, Pandora's

32:23

box is not going to get shut. Like,

32:25

there's so much going on with it.

32:27

And it's like, that's why I've been exploring

32:29

for so long. Like coinresearch .ai, first

32:31

version is ready. You know what

32:33

we just discovered with this, Joel? Is

32:36

that our prediction models applied to

32:38

the stock market are even better. So

32:40

it's like, oh, wow, because

32:42

the volatility in crypto is

32:45

so challenging, plus coin research.

32:47

kind of gives a stigma. So

32:49

we look like we're going

32:51

to rebrand it to capitalresearch .ai

32:53

over time because the models work

32:55

on gold, the models work

32:58

on stocks, almost 99 % accurate

33:00

on stocks, Joel, which is crazy to

33:02

me. So it's like utilizing this data,

33:04

plugging it in and utilizing it for

33:06

ways to help people make better decisions,

33:08

make more money and do better. And

33:10

I tell you what, I'm having a

33:12

blast with it from the creative side

33:14

of things, just trying to understand it,

33:16

playing with this tool, playing with that

33:18

tool, like we did with the bad

33:20

AI show when we were starting to

33:22

do that. And then a whole bunch

33:24

of other people started creating AI shows,

33:26

and we kind of fell off on

33:28

that. But I've never stopped the exploration

33:30

of it. I'm deep in it now. In

33:33

fact, I've created an LLM that

33:35

teaches people how to do prompting.

33:37

So I'm like, there's so many

33:39

areas that I think are available

33:41

to have fun with. So this

33:44

new world for me, not just

33:46

crypto, but AI and all this

33:48

other shit, all these emerging technologies

33:50

is where Joel and I have

33:52

always really sort of planted our

33:54

feet. So bad crypto eight years,

33:56

but crypto, web three, AI, all

33:58

that shit. Here we are. Well,

34:00

and it's AI is being used

34:03

for a lot of stuff. Look

34:05

at how these archaeologists are using

34:07

AI. They're finding hundreds of geoglyphs

34:09

in a desert in Peru. This

34:11

is if you're looking at the

34:13

picture here, a 22 meter long

34:15

relief type geoglyph, depending a killer

34:17

whale holding a knife like that.

34:19

That is an actual kill. That's

34:21

a serial killer whale right there.

34:24

That guy is lines that they

34:26

hadn't determined what they were before,

34:28

or they were trying to figure

34:30

out what did he mean? So

34:32

the model, it says here, was

34:34

capable of identifying fate signs of

34:36

geoglyphs amid the natural landscape by

34:38

analyzing images captured by drones. And

34:41

so they've discovered 430

34:43

of these. And

34:45

look at this. How cool

34:47

is. And you can't see those

34:49

from the ground. So were

34:51

creating these thousands of years ago.

34:54

For something in space to see them like

34:56

are there are they talking to God?

34:59

Are they talking to spaceships that were maybe

35:01

visiting at the time or something these

35:03

flying machines that were they didn't know what

35:05

they were God -like chariots that they would

35:07

call them in some cases. Why

35:09

would they be making

35:11

over? 400 glyphs For what

35:13

it was their version of crop

35:15

circles. They were just messing with

35:17

people They watch as we're gonna

35:19

we're gonna make these here. We're

35:21

gonna we're gonna screw with Bob

35:24

We're going to screw with the birds. Like they're the

35:26

only ones who's going to see who else would

35:28

be seeing it then. Yeah. I don't know. We

35:30

didn't know. You know what I mean?

35:32

It's crazy. So the question,

35:34

you wouldn't even have to think like, oh, what

35:36

if we created a little thing with the

35:39

camera that could fly up and take a picture

35:41

of this? So they were creating all of

35:43

these things without even knowing what they looked like

35:45

because they couldn't get to that elevation. They

35:47

couldn't look at it. How are they going to

35:49

test it to even see it's accurate? Right?

35:53

I mean, what? Huh? Well, you know,

35:55

puff the magic dragon? No. Could

35:57

be. And they're accurate. Look how

35:59

good they look, dude. They look,

36:02

it almost looks like they've been

36:04

refined and fixed, like, almost like

36:06

they flew up in some spacecraft,

36:08

looked, and said, no, we need

36:10

to modify it. Like, dude, that

36:12

is weird to me. There's way

36:14

more questions than there are answers

36:16

with that to me. So here's

36:18

what technology review highlights as what

36:20

to watch for in AI generative

36:22

virtual playgrounds, which are, you know,

36:24

video games, right? We're going to

36:26

see basically Minecraft type of. games

36:28

that are more sophisticated in terms

36:31

of graphics, in terms of what

36:33

they can do, in terms of

36:35

all the abilities. And

36:37

so that because that happens on

36:39

the fly, AI is going to

36:41

do that large language models that

36:43

the ability to be in VR

36:45

environments that you just spoke into

36:48

existence. How Joe, how

36:50

Godlike is that? Like, if you're looking

36:52

at that from a perspective of

36:54

are we in a simulation and then

36:56

God said the word and boom,

36:58

here was a river and like, dude,

37:00

that's some simulation shit, dude. For

37:02

sure. For sure. Large

37:04

language models, that reason

37:06

that's coming. That's general

37:08

artificial intelligence AI and science We're

37:10

gonna see more of you

37:12

know getting under the microscope there

37:14

and using AI to help

37:17

us advance with with medicine and

37:19

engineering and AI companies getting

37:21

cozier with the national securities This

37:23

is the black mirror stuff

37:25

where we start seeing AI in

37:27

drones and in police bots

37:29

and these types of things and

37:31

some of it is Some

37:33

of it's really cool. Some of

37:36

it's really spooky Dude

37:38

Palantir that company Palantir. Mm -hmm. I

37:40

think they if I'm not mistaken

37:42

I remember seeing something not long ago

37:44

and it was fiction then but

37:46

it was the drone that would fly

37:48

around find its enemy through facial

37:50

recognition Yeah, I'm up next to it

37:52

and then just shoot him right

37:54

between the eyes with a little. Yeah,

37:56

you're that guy. See ya Done

37:58

you're done and here's the thing AI

38:00

and robots and drones that are

38:02

programmed. They're not gonna they're not gonna

38:04

ask questions They're told what to

38:07

do. They're going to go do that.

38:09

You can't reason with a lot

38:11

of them. This is why he's grown.

38:13

Don't kill me. This is why

38:15

I'm going to start walking around with

38:17

my Elon Musk mask instead. So

38:19

where is he? Where is

38:21

it? There we go.

38:23

I'm going to start walking around

38:25

with this little retarded, but

38:28

that's OK. It's just a little.

38:30

I was going I was going for a

38:32

lot. That's good. Did you

38:34

know Elon Musk wears glasses?

38:38

Oh, that's really good, except

38:40

your eyeballs a little fucked. And

38:43

now my hair is a mess.

38:45

OK, we got one more one

38:47

more story here that we want

38:49

to cover. This one is would

38:52

be humorous, but it says it's

38:54

not available in our region. i

38:56

got i got blocked for it

38:58

according to the uh the show

39:00

notes that we have here a

39:02

there was an april fools day

39:04

prank um in india but india

39:06

time says no you cannot you

39:08

cannot watch this uh look read

39:10

the story because of where you

39:12

live and so there's the joke

39:14

april fools to you the telephone

39:16

is information for you you cannot

39:18

see i mean what is with

39:20

that why can't i look at

39:22

Why can't I see what your

39:24

joke was? Sorry

39:26

to you, my friend. Wait a second, you're in

39:28

Puerto Rico. Maybe they hate Puerto Rico. Let me

39:30

try to open it up. The jokes on me.

39:34

Oh, very funny. Sorry, you cannot look at

39:36

the story. It's a hilarious

39:38

red thread reveals prank announcements that

39:40

became reality. The jokes on us,

39:43

Sir Lord Travis. This

39:45

is like April Fool's Day, but that

39:47

was like three weeks ago. So

39:49

this news seems really old. And the

39:51

joke's on you for, uh, for

39:53

listening to this episode of the bad

39:55

crypto podcast. We appreciate you guys.

39:57

It got some, uh, some interesting content

39:59

coming your way. Also, I'm doing

40:01

a little traveling. So there might be

40:03

some times where you're stuck with

40:05

Sir Lord Travis alone, or perhaps a

40:07

guest host will be joining TBD.

40:09

All I would say this is that

40:11

after next week's episode, there will

40:13

be a hiatus. And so, uh, it

40:15

might be a low. But

40:17

it's definitely going to be a hiatus. Joel's going

40:19

to be gone. I'm going to be gone. I'm not

40:21

going to be back until, um, that next to

40:24

last week of May. So there probably will be a

40:26

couple of weeks with no show at all, but

40:28

that doesn't mean we're done. It just means we're taking

40:30

a break. We've done, we've been doing this shift

40:32

for you guys for eight years. Like good Lord, we

40:34

need a break. Can you imagine this though? Joel

40:36

and I don't, we don't even hate each other yet.

40:39

You keep saying that every week.

40:41

Are you dropping suggestions? You

40:43

see, I can see the look in his

40:45

eyes. I hate me. Hate me just a

40:47

little bit. I dare you. Start talking trash

40:49

about my chiefs, dude. Go ahead. Do it.

40:52

Do it. We appreciate you

40:54

guys. Thanks for listening, watching, reviewing,

40:56

liking, sharing, favoriting all the

40:58

things that make our hearts warm,

41:00

that warm the very cockles

41:02

of our hearts. Can I say

41:04

this? Your little characters will pay you little photos over there.

41:06

You kind of look retarded in those. Does that make

41:08

you hate me a little? got

41:12

their dolly version. I kind of like this.

41:14

You did this, you know, the Ghibli thing

41:16

one week and change the background. So now

41:18

every week for those who are watching the

41:20

video, my background is still

41:22

my office, but now there's like there's

41:24

a bowl coming out of my

41:26

bookshelf right here. And it's taken photos.

41:29

I do like my lights, though. So I

41:31

just turn on my regular ones. Your

41:33

lights look great. Your lights are sexy. My

41:35

room looks not sexy on its own.

41:37

So it's good. You sexified it. Well, why

41:39

do you need a sexy room when

41:41

you have me in it? Wow.

41:44

OK. All right. Do

41:46

what you want with that. Do what

41:48

you want. Do want. What I would like

41:50

to do is I would like each and

41:52

every one of you out there to make

41:54

sure to follow us on the YouTube and

41:56

the Fat Crypto Pod on the Twitter. And

41:58

most importantly, what would we like them do?

42:00

You got to back. you

42:21

The The Bad Crypto is a

42:23

production of Bad Crypto The

42:25

content of the show, the

42:27

videos, the website is provided for

42:30

educational, informational and entertainment purposes

42:32

only. It's not intended to be

42:34

and does not constitute financial,

42:36

investment or trading advice of any

42:38

kind. You shouldn't make any

42:40

decisions as to finances, investing, trading

42:42

or anything else based on

42:44

this information without undertaking independent due

42:46

diligence and consultation with a

42:48

professional financial advisor. Please understand that

42:50

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alternative cryptocurrencies have potential risks involved.

42:54

Anyone wishing to invest in

42:56

any of the currencies or tokens

42:58

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43:01

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43:03

advisor.