Matthew Cox | Inside True Crime Podcast - Massive Crypto Scams Incoming | Expert Predicts The Next FTX

Episode Date: March 12, 2024

Massive Crypto Scams Incoming | Expert Predicts The Next FTX

FTX, Binance, they've all been offshore. Binance has survived this long. They're probably going to fail at some point in time, whether it's now or five years down the road or something. Next time there's a big upturn in a crash or something like that. They're playing with the House of Cards. They're just the biggest player. Hey, this is Matt Cox, and I am here with Brandon Keys from Green Candle Investment.

he's got a couple podcasts a couple podcasts yeah a couple podcasts couple podcasts and we're going to do an interview and we're going to talk about crypto and i don't know a bunch of other stuff i have no idea about and brandon's going to enlighten me and explain different situations and some situations i kind of feel like i know about and some i absolutely have no idea so all right so check out the video first thing i want to get out of the way so you don't know this because you probably don't watch my channel, is this, is that I have been wanting to paint this wall, right? I wanted to paint this wall red, well, dark red like it is.

It's actually dark red. It's not just red. It's dark red. It's like crimson or something, right? I don't know. So I've been wanting to paint it forever, and my now wife would not let me because, you know, I rent this place, you know, it's, and, you know, but. I also, it's like, I'm like, okay, well, I'll paint it.

You know, when I'm done, like it, um, you know, you can, you can, yeah, of course, but, so it would be back and forth, back and forth, this has been going on for a year. And so finally the other day, she's like, all right, you can paint it, you can paint it. Because I just, I kept complaining. I just hated the setup that I had changed it and set up. I had some shelves back there and I didn't like them and the whole thing. So I wanted to put this wall back and this wall and set up the way I used to have it set up in my old apartment. So finally, I did that.

that um and so this is the first day this is the first episode with the red wall with the red wall and so i i want to know if my shirt's messed up so so flex a little bit right tighten it up get the dryer work in extra shmedium so i want so yeah i need feedback so i need feedback if anybody like like there's no way anybody's going to not like this wall this is this looks And it looks great on camera. I mean, you and I see the rest of the junk around here. But on camera, it's going to look good. Oh, I think it looks really good.

People are thinking you're, like, in a real studio. Yeah. Legit. I mean, like I said, when I walked in, I was like, damn, this setup's legit, man. It does appear that way. It's an illusion. It's an illusion. It's like, you know, people are like, this guy the other day looked at me, and he's like, man, you work out.

Like, you're buff. You're like, you're, listen, bro. This is all for show. The dryer's working hard, dude. trust me i'm weak i barely work out i go through the motions so all right are you ready yeah are we going no i'm just okay so all right so so what are we talking about listen i don't know by the way i don't know anything about crypto yeah like i'm the minimum all right well let's start there then all right so let's back it up right so i'm i'm a bitcoin guy through and through so

Bitcoin only. I have my podcast state of Bitcoin, all that kind of stuff. There's a big difference between Bitcoin and crypto. And I kind of want to go through the differences with that first so you can kind of understand like how people have been scamming left and right. So Bitcoin, it got really popular with blockchain, right? Everybody kind of hears blockchain technology, all this and that. Biggest difference with Bitcoin is there's proof of work and proof of stake. So proof of work is what Bitcoin uses, and proof of stake is like a protocol what, like Ethereum or some of these other cryptos use. So what proof of work essentially does is every single time there's a transaction, there's a minor that has to run and operate and basically run a mathematical equation to determine,

you know, if this is correct. And each time a transaction goes through, it's run through a node as well. And then that minor, once it's kind of going through this whole circulation thing, the miner receives a reward. And once this reward is, is some Bitcoin, right? So every time you transact back and forth, I send you some Bitcoin, a minor receives some, there's some sort of network fee, right? So with this, it can be completely decentralized because there's no barrier to entry. You can have a minor. He can have a minor. I can have a minor. Somebody in Argentina could have a minor. Somebody in China can have a minor. And all of this helps basically run this entire Bitcoin protocol. So, okay. So if it's actually based on something, which I'm not

even positive what you just said, but if it's actually based on something that you're saying is, what, semi-stable, then why does it fluctuate? So it's fluctuating based on the US dollar price, right? So what Bitcoin did, which every other cryptocurrency hasn't been able to do, is create digital scarcity. So basically you can go through the whole entire code and protocol. It's all open source. You can go and verify this yourself, but there's only going to be 21 million Bitcoin ever created. You'd have to basically get every single person that has a node, minor, all that kind of stuff to agree that they want to increase that supply, which basically is like theoretically impossible, right, to get like millions of people to agree on one thing.

Whereas in Ethereum or some of these other cryptos, they use what's called proof of stake. And so they have miners and other things like that, but what this staking does is basically, like you've heard the staking rewards and other things like that, but essentially the top dogs control that entire market. So I believe you need anywhere from like a hundred or 60 Ethereum in order to mine, whereas like in Bitcoin mining you don't need anything, right? So you need a certain amount of Ethereum to, you know, a lot. So Ethereum at one point was like $4,000. So one ETH, $4,000 times $60,000, or it's times 60, you know, that's a big barrier to entry to be able to kind of control that protocol. So essentially, Ethereum and all these other ones are not decentralized like a Bitcoin or, you know, I guess Bitcoin is really the only one that is decentralized.

So Ethereum has a lot of these nodes and everything else on AWS. So theoretically, if the SEC or somebody else were to kind of investigate Ethereum, they could go to Amazon and say like, hey, like quit hosting these nodes on this. And they can essentially shut down Ethereum. So there's a lot of, I guess, single points of failure for a lot of these cryptocurrencies. But they can't do that with Bitcoin. Right. So we've had China and some other countries try to ban Bitcoin mining saying it's bad for the environment.

or something else like that, whereas... Is that true? How's that true? So they say it's true because it uses a lot of power, right? So, you know, you have a MacBook right here. So you can't, like, mine Bitcoin off your MacBook anymore because there's so many in circulation, right? It takes a lot of power.

I mean, we can go down that rabbit hole if you'd like. But essentially, you know, every four years, it gets harder to mine Bitcoin because they call what's the having event. So each, every four years, the amount that can be mined per block is cut in half. And that's just kind of like, I don't know, the X or the logarithmic function that is Bitcoin. So all the Bitcoin won't be fully in circulation until 2132. So it's not going to be a long time.

But 90% of it is already in circulation now. So you see like kind of the logarithmic function here. Basically brass tax is that Bitcoin cannot be controlled because it is decentralized fully, right? Because there's so many people that can have access to the protocol that have a say that have no barrier to entry. Whereas every other crypto, there's a CEO, there's a marketing department, there's something along these lines that controls it. You know, there's a kill switch on every other crypto except for Bitcoin. So it's able to be manipulated by at least one or two people as a result of Bitcoin, which is monitored just by the market in general? Yes, a thousand percent. So I mean,

there could be like market makers right there could be whales that essentially you know sell a bunch of bitcoin for a cheaper amount and like kind of manipulate the price that way but you know that that happens in the stock market that happens it happens anywhere you know so it happens theoretically anywhere but people just kind of you know point to bitcoin's volatility on that right but you got to think it's it's volatile to the u.s dollar because there's only going to be 21 million bitcoin right but you know, gas prices change every day. And if we were to allow probably gas stations or, you know, there was an incident in Venezuela at some point where, you know, if you go to a bar and you get a beer five minutes later, whenever you go to the next beer, that beer price is changing. So that's how

volatile Venezuela's currency was at one point in time. We have the luxury of living in the United States, so we've never really had to deal with anything like that, you know, generally speaking, where you go to the grocery store, you go to a bar, you go to some of these places, go to gas station during the day. Like, you know, relatively speaking, gas is pretty stable throughout the week, you know. So, like hyperinflation after World War I in Germany or something, right? Like they're just printing so much money, it just becomes, it has no value at all. Exactly, exactly. So, I mean, that's kind of like lining it out here.

That's just basically Bitcoin can't be manipulated, but other cryptocurrencies theoretically can. And so because these other cryptos have essentially have marketing team, CEOs, all these other things, it's brought in a lot of bad actors, right? So the biggest name that everybody's probably heard of at this point is FTX. But there was companies before that that failed, right? So the first one was probably Celsius Network that kind of, you know, got on and then it was FTX, and then now there's some other players kind of in the game. But, you know, when it comes down to it, a lot of these exchanges, what they do is they market, you know, some of these other crypto coins, whether it's, you know, Ethereum, Avax is another bigger one, Salana, some of these other, I guess, bigger cryptocurrencies, these marketing departments pay money to have them go on to, you know, XYZ exchange. And that even includes Coinbase, right? So, I mean, recently we've had, you know, money laundering,

stuff go on with Coinbase and their kind of CEOs and higher management as well. So I don't know. Was that the Russian thing that? Yeah. So essentially what happened was I don't remember the exact position of these guys, but it was like a CFO or something like that was very high up. Basically, they had the knowledge of Coinbase is about to list whatever crypto in the next wave. So what they would do is they would go on a different exchange that offers this. By a, up a bunch of it. And then Coinbase lists this crypto. They market it to their millions of people that are on that exchange. People buy it up. It inflates the price. Then the CFO, whoever bought a bunch of it just sells a bunch of it off. So basically just pump and dumps. Yeah, yeah. It's a pump and

you know, it's kind of, you know, key case and point. But, you know, Coinbase has kind of gotten away with that, so to speak, so far. But other exchanges haven't, right? Because there's been, you know, like I said, FTX and Celsius. So the two big flags that they've had is essentially, you know, they've had their own crypto token. So what you can do, I could do it, you know, anybody could theoretically do it, go and create their own cryptocurrency, low barrier to entry, you just essentially need to know how to code a little bit.

And, you know, with GitHub and like YouTube videos and all this other kind of stuff, like you can probably figure out in a couple days. But what these companies did was essentially they would offer a bunch of cryptos, offer extremely high yields up to like 18, 20 even percent, and say like, hey, buy this and you're going to get back 20 percent in that crypto. Are they guaranteeing that? It would be a guaranteed rate. It seems illegal.

Like that's like you can't guarantee a rate. Exactly. But they would do that over a month. you know Celsius would pay out every week some companies would pay out monthly but theoretically that would be you know almost like paper crypto that would be on your account is that like the crypto queen that's what she was doing right yeah over like a couple years several years two three years yeah never even had a coin yeah exactly and so that's what that's the biggest problem is that you would it would be like you know you go to your bank account right you put in i don't know

a thousand dollars in there you're getting 20% back but then like when you need that at $1,000 after you've gotten 20% for a couple years or whatever it is, you can't pull it out. And that's basically what's happened. It's a policy scheme. Yeah. What they would do is they would say, you know, Celsius Network offers their own crypto. They say, hey, you know, we'll give you 10% on your Bitcoin when you deposit it with us. But if you buy some of our token, we'll give you 15%.

So it inflates their own token price, right? Because it gives you an incentive to go and buy their token. Right. So people are keep buying up their token, keep buying it up, and they're giving people higher yield on other cryptos. So they're just leaving it in there, right? They're leaving it on these exchanges, Celsius, FTX and whatever. So what essentially happened was, you know, there was one big player that had a bunch of whatever token it was, like Celsius, the Celsius token, FTX token. And they would go to these banks. A lot of just normal U.S. banks, or not even U.S. banks, a lot of times it was like offshore banks or some, like a lot in the Bahamas, essentially. It's all kind of like linked in to this one bank in the Bahamas. But essentially they would go to this bank of the Bahamas, they say, hey, we have a million of this Celsius token that's valued at, I don't know, $10. Just give or take. I'm just tossing out numbers here.

But, all right, so we have $10 million worth of this crypto, and it keeps going up at this rate. Let's borrow against it. And so they would borrow against it, get real U.S. dollars, and they wouldn't really, essentially, you know, the yield that they were offering on these other tokens, they weren't really getting. They were claiming they were kind of have this algorithm. They were trading whatever. So they were basically playing just, you know, a house of cards, and they would get a bunch of these crypto tokens, a bunch of yield, and then get it backed by U.S. dollars from a loan. And then, you know, some player would come in with a... With a bunch of one token and then just sell it all off.

Then everybody who owned that token would fall out. And then, you know, the bank would come like say, hey, now you need to pay out this loan. And then, you know. Which was collateralized by this token that was worth $10 and now is worth a dollar, if that. Yeah. Right. So now they have no collateral. They lent $5 million on what they thought was worth $7 or $8 million.

And it turns out it's not even worth $100,000 to this point. just lose everything. Yeah, it was backed on nothing. Like I said, I mean, like I told you, no barrier to entry. You can create one out of thin air and just say like, hey, there's so many tokens. So a lot of these, you know, companies like Celsius, for example, what they did was they would say they were burning tokens to try to make it deflationary. So they would create, I don't know, 20 million tokens. And then they say like, hey, we're burning token. Yeah, we're burning 5,000 tokens a day or we're burning like 100 tokens a day. And that would cost them. money because, like, essentially, like, you can't offer any more of these tokens because they're

theoretically making it more scarce. But in the end, you know, it was just all a giant Ponzi scheme where all these people, they're trying to convince people to buy into their token. It gets sold off. And then guess who gets left holding the bag is the retail consumer? Because all the big players, you know, they're going to get settled out eventually. So, I mean, essentially, that's what happened with, you know, Celsius and FTX, but, you know, there's still some of these companies out there that are doing this same thing that have essentially survived through this first initial wave. So FTCs made a lot of waves because obviously, you know, they had FTCN arena in Miami for the Miami Heat. They had Tom Brady. They had a bunch of these big celebrities

marketing for them. And, you know, a lot of people just essentially kind of saw the writing of the wall and pulled a bunch of their money off of FTX. So I think they pulled like four billion dollars off of FTX within a weekend. And that caused them to halt withdrawals. So if you didn't get it in time, you didn't take your money off at a certain period of time, you know, you were the one kind of like left with your money on FTX that's just theoretically there. So it's like a run on the bank. So, so I mean, I kind of know like, I forget, what was his name, his competitor that you just mentioned the name? Finance. Binance, the kind of like the head of Binance kind of started that ball rolling.

Yeah, so these companies, Binance and FTX started somewhat together. So it's like... And then they broke off. It's kind of hairy how they broke off too. It's like CZ is the guy who started Binance. He is the first, he was the first investor in FTX. And so he bought up a lot of FTX's token. He basically went to them like, hey, like I think you guys are too leveraged.

And like the story is that he sold off a lot of this. FTX token, which caused it to crash, which caused them, which were, they were basically over, uh, over collateralized at that point. And, you know, because of that, FTX failed. It was going to fail. It was going to fail anyway. It was going to fail anyway. Exactly. But I mean, the bigger issue, too, is like, you know, everybody was doing all this and kind of like, I don't know. It's almost like the game stop kind of like yellowing in, like people just jumping on a trend. Yeah. They were doing that, but at a significantly larger scale, in a company and using retail consumers dollars for all this. So in the end, you know, when you go to

a Coinbase or one of these other companies and you buy Bitcoin Ethereum or whatever, they're supposed to have some sort of like proof of reserve, proof of that they bought that token for you. So if you went there and you wanted to pull it off and go to either another exchange or cold storage or something like that, you could do that. But turns out they weren't even really doing that. So um yeah so i mean cz and ftx he was like the first um first investor into ftx and they both use the same bank they both have kind of all been interconnected and at one point you know cz and uh sam bank been freed who founded ftx they were working together and i guess because the um the exchanges both got too big you know they couldn't be i guess seen working work

working together too much because it would be almost like monopoly and a certain extent. So Sam Bankman-Fried bought out C-Z. We don't really know if that actually happened or not, but theoretically that happened. I don't know. There's rumors out there. There's theories that Sam Bankman-Fried really didn't buy out C-Z. And because of that, that was why he kind of sold off all of his token and kind of, you know, made it collapse. I don't really know the full extent of all that.

But what I do know is that Binance is still doing what FTX and what Celsius did, is that they're giving loans at almost like 0% where you're very low collateral. You just have to give up a certain amount of Bitcoin or Ethereum or whatever token you want. And you can borrow against that. They have their own token. They're offering people very high yields. Right. But what recently just happened within the past, like I believe week or something.

so is that you cannot now put in U.S. dollar transfers into Binance. So something happened in the background that we don't really know about that that's probably going to come out in the next, I don't know, a few months or so because it's come out that the SEC is now investigating Binance. And so because of that, basically all the banks have said, like, hey, if you want to deposit U.S. dollars into your finance account, we're not going to allow you to do that anymore. So it's essentially cutting off the on-ramp because Binance is doing something probably similar to what, you know, FTX and, you know, Celsius and some of these other guys were doing. But the interesting part of this is that F-TX, Binance, they've all been offshore.

They haven't been U.S. companies. And they all have an arm like it was F-TX-U-S. And then now they have Binance U.S. And so now Binance U.S. is cut off. everywhere else is still able to operate and you know the u.s. seemingly has a little bit more stringent you know policies when it comes to this but when it comes full circle you know binax has survived this long they're probably going to you know fail at some point in time whether it's now or you know five years down the road or something next time there's a big

upturn in a crash or something like that i mean you know it's essentially they're playing with the house of cards, they're just the biggest player at this point. So, you know, there's a lot of kind of sketchy stuff going on behind the scenes that is kind of starting to come to light with a lot of these, you know, crypto scams. And because of that, you know, it's bringing a lot of, I guess, negative light to, you know, Bitcoin, which is theoretically like decentralized and other things like that. So I don't know, it's all kind of, you know, you've seen FTX and everything kind of So I think that there's going to be definitely more blood in the streets here in the next few years or so to say the least. So I have a question, does the economy going down, you know, or slowing down or, you know, going into recession or depression or anything, does that affect the, like you're saying the dollar?

But it's like typically, not now so much, but typically, you know, when the dollar gets weak, right? So people start dumping money into gold and other products like that. That's not really happening now for some reason. I forget what they call it, but what the issue is. But I've heard that, well, people dump money into Bitcoin and crypto when that happens. But that also had that several years ago. I don't know if that's still what's happening. Yeah.

So, you know, they've essentially thought of it as like an inflation hedge, right? So, you know, it is kind of an interesting time because, the dollar has been actually like doing pretty well if you think about it compared to other like fiat currencies and so what other what a fiat currency is is just like you know a state back currency that isn't backed by gold or anything else so you know it's doing well compared to the euro the only one that's really not doing well is i believe the ruple or you know whatever russia uses um so and you know that's a whole other situation in itself but yeah i mean if the economy does bad, you know, I think a big part of it, my biggest theory as to why FTCS and a lot of these

companies were able to do so well and kind of blow up, get all these marketing dollars, you know, get all these people behind them and kind of inflate these cryptos, is because we've had a low interest rate environment for the past decade. So we've had easy access to capital where people can just go to a bank and say like, hey, you know, I'm doing something on Web 3 or, you know, whatever, you know, like these companies went from non-existent, and then three or four years down the road, they're billion dollar valuations. Like, when does that ever happen? I mean, it doesn't really make any sense on to how that could even happen. And a lot of these companies just, you know, like I said, it's just they had a bunch of investors and people just throwing

money at them. And it's just the, the, I was just said, the business model alone that you just said like hey if you put money in our company we'll give you 15% and then they're lending that money out at 0% well how are you making money like how does that oh there's fees and this bro what are those fees are they more than 15% on every single dollar transaction like it's not that high yeah no 100% it's not even close to that high and i mean like some of these ones like you know i'm not quite sure on on binax but i know on celsius you couldn't buy on there you would have to buy it on a coin base or something and then transfer it on to there. So there wasn't even like a really good on ramp for Celsius, but people would buy money, buy it on, you know, coin base or

something on the other, which charges a high fee compared to the, you know, the rest of the industry. But, you know, you buy it there and then you can transfer it on to Celsius and then they'll give you, you know, 15%. And that's basically what happened is like all these crypto's promise yield they say like you can stake you can do all these other things and you can get 10 to 15 percent or higher and they're you know the marketing behind it was all these dirty banks are you know screwing over the little guys and you know they can really offer the entire world seven or eight percent but they're just not doing it when in reality we all know that that's not true law enforcement often questions him not because he suspected of a crime but because

they find him fascinating. He is the most interesting man in the world. I don't typically commit crime, but when I do, it's bank fraud. Stay greedy, my friends. Support the channel. Join Matthew Cox's Patreon. You know who Chris Marrero is?

My buddy who believes in that. Did you see his face immediately just, he's just like, it's like, oh my God, this guy. So you know where a sovereign citizen is? Yeah. I would love. to see you and Chris sit down and talk because he'll he'll do a whole

not a skit because he believes it he'll do a whole thing on how money doesn't exist and he does the whole in 1918 you know he does a whole thing and you don't have to pay income tax and this is a guy who got like God what did he get like 15 years

or something in prison for running a tax scam where he was they convinced people like If you've borrowed a mortgage, the banks, what they do is they fractionalize that mortgage, and they go through, you go to this whole thing. And basically, so they actually owe you money. You can file a 10.01 ID or some tax form.

Oh, damn. And you file it, and they'll give you money back. And they will. Because basically, if you ask the IRS, if you filed, like, if you filed right now and said, hey, you are. For a limited time at McDonald's, enjoy the tasty breakfast trio. Your choice of chicken or sausage McMuffin or McGrittles with a hash brown and a Small iced coffee for five bucks plus tax.

Available until 11 a.m. at participating McDonald's restaurants. Price excludes flavored iced coffee and delivery. Oh me $30,000 and I made this much and you owe me like they'll cut you a check. Yeah. Now granted, they'll figure it out in three months or maybe a year. They'll audit you at some point. And then they're going to come back and go, we're going to need our money back. So, but it's funny because I, he's, he's insane.

Like he would go nuts. And he's so positive about it. And the problem is, you know, you're, you're level-headed. So I could see you going, no, Chris, that's not how it. No, no, no, listen to it. He'll break out books and stuff. And he just, it's funny because I was talking to him the other day he called me and was like, hey, listen, I got this guy.

And we got on the phone. And I was, and the guy equally thinks he's, he's, he's. Yeah. And so Chris, I started mocking Chris with the guy we were talking to on the phone. And Chris was like, no, no, that's not what's happening. So we're going back and forth and all of a sudden, I go, you know what's the funniest thing about, because this guy mentioned, hey, I actually know a lot of guys that are sovereign citizens just like Chris, is they all, they all believe everything. They believe in Bigfoot. They believe the pyramids were put here by aliens. Like they all believe all the every, they've melded together every single conspiracy that's out there. So I remember I just said, I said, you know, the problem is Chris, like you would have more credibility. you and your people would have more credibility. I said, if you weren't renting someone's spare room,

like I've never met one of these guys who's got like five Lamborghinis and he's got a 15,000 square foot house that's worth $20 million. They're always on the cusp of figuring out how to break the system and breaking the system, but at that moment, they just happened to be sleeping on a park bench.

They happen to be living in their car or someone's spare room. It's like, Chris, I've never met one of you guys that's successful. You know everything. We're all fools. We're all fools. But in the end, you're renting someone's spare room and you're paying your rent with dollars. Yeah.

So what's happening here? And he just, he starts laughing. He's like, no, well, no, you watch. You watch. When I get my, when I file the, I'm like, oh, God. When you go back to prison. Yeah. He's just, but I would love to see you sit down and explain.

blame this whole thing like it's oh i mean honestly you probably love it because like a big book in the bitcoin space is a sovereign individual which i'm sure he's read before oh really yeah it's like people like i mean that's basically the whole premise right is that you don't need a government to control your money because it's like all kind of that protocol and then you know even further in that it's the bitcoin space is now all right before that it was the silk road right bitcoin was being used to drug deals over the internet because you can't really trace it. You can do it non-KYC, which is know your customer. You can have it like all anonymous theoretically.

Like it'll just link to one wallet ID. And if, you know, if you play your cards right, you can basically have this money or medium of exchange without anybody really knowing. And so, you know, it's gone from that to now people are like, well, you know, you need to know where your food is coming from. So you need to go down the road, shake your rancher's hands. and go get this beef from this local rancher down the street instead of this process meat that we buy in Florida that is maybe ranched out in Georgia or in some other state and then shipped in. And then it's gone from there to now like you need to work out all the time instead of being just like a lazy shit.

And so you just need to kind of like take control of your full life, which is probably what he's, you know, along the lines, but he's probably more like tinfoil. Oh, he's listening. And the worst thing is that he, the worst thing is he was always talking about aliens, right? I used to have my whole theory about aliens where I would go, I'd go, you know, okay, Chris, look, I get it. Like mathematically, are there, is there life on other planets? Yes. Just crunching the numbers, there's tens of millions of planets out there that have life. The likelihood that they would travel across, you know, the galaxy to come and be interested in us or even pay attention to us.

is ludicrous. Like, we have nothing to offer. And then he was like, no, we, we have a water. I'm like, water's abundant in the universe. Like there's not, you know, we have a planet. If they can travel across the galaxy and travel hundreds of millions of light years and get here, they've solved the problem of energy. They've solved the problem of terraforming. They've solved the problem.

They've solved all the problems that we could possibly offer a solution to. there's the only it's more like like it should maybe curious i'll give you curiosity yeah but that's it yeah and then like you come to it like all right if they know that we have life on this planet but then there's other planets that they could theoretically like terrible yeah they could terraform it yeah then why would they why would they want to even risk it right you know i mean it causes an uproar in nineteen fifty four there was a uh they you know all those photos are so grainy too you know Like, it's the black and white, just like. They have an agreement with the world, with the world government.

I'm like, the world government. Yeah. Oh, oh, you still think that there's, there's, that there's the United States and there's Europe. That's not true. He's like, it's a one world government. It's being run by the alien. And it's like, oh, my God. No.

Anyway, but so, I'm sorry. But, no, back to, I would just, it would be hilarious to get, to get them together and just have you guys just talk. He would, listen, he, he, and the great thing is he'll laugh about it. doesn't get upset. Like if you, if you, if you say, no, that's not, he won't get, he won't get angry. He gets excited. Yeah. But he's not angry. He won't be like, man, fuck you. He won't, he won't do that. He'll, he'll just go, no, no, look, I got a book. I can show you. Hold on. And he'll get the book. And you're like, you know, what are you doing? Like, he would show me these books on aliens. And I go, bro, that's fiction. And I said, it's not, that's not true. And you go, no, and he'd open

it up. And it would say, like, nonfiction. And you go, look, it's, nonfiction. Yeah. It's true. And I'd go, it's printed on Amazon. Yeah. What are you doing? You can print anything on Amazon.

Right. You can put a book with no words on it. And, you know, call it a business book and they'll print it. So, but anyway, I was going to say he, and so he sends me stuff all the time. Some of it is, but, you know, back to what we were talking about before was like some of it is on crypto and some of it is on like, like, like, China. And so he's, he, he definitely would make a great, great, you ought to interview him. Yeah, for sure. Yeah, I could do. Like a live stream, right? Like, yeah. Yeah, I can do that.

Yeah. I'll have to, I'll have to contact you and get his contact information or something like that. Yeah. So, well, so what is, I'm sorry, so back on topic, bro, I'm sorry. Now you're good. So what is the end goal of, you know, of, of, of crypto? Because we were talking about this, before we were talking about like the United States, you know, backing some kind of a, is it a coin or just a currency? Yeah. So, I mean, there's, you know, there's essentially, there's two schools of thought right now, right? So there's theoretically a Bitcoin standard where everybody gets on Bitcoin, where it's decentralized, it's not run by any government. But as we know, you know, governments don't really give up power too easily. So, you know, what is going on right

now is countries like El Salvador and Central African Republic have made Bitcoin legal tender. And what legal tender means is just it's a medium of exchange, which is money, theoretically. You want to do that they're in charge of printing? No. So, you know, obviously they're not in charge of Bitcoin, right? So we've kind of got I thought you meant crypto in general. No, no, no. No, I get what you're saying. But, you know, they can, you know, theoretically, you can go to some taco stand in El Salvador or like a beach or, you know something buy something using bitcoin and so you know what's kind of going on right now is that it's either countries are going to that or they're looking into develop CBDCs which is a central

bank digital currency and so what that does is like in the united states for example right there's the federal reserve and then there's this there's banks right and so the federal reserve is run by you know the government and the banks are you know allegedly private banks that you know obviously they have some issues and other things like that. You know, we've heard Wells Fargo, J.P. Morgan Chase, they've all kind of had their run-ins with the law. But, you know, these banks are your way to store money and other things like that. You know, your way to access it, credit cards, debit cards, all that kind of stuff,

checking savings account. But what a central bank digital currency would do is essentially eliminate those banks. So then it's a direct line from the government to the person, consumer, the citizen. But then what that does is it allows that government to track whatever that person, citizen, whatever is doing. And so that's already going on in China, actually, right now, is that China has released to Central Bank digital currency, where they give you a social credit score then. But they're not using that solely, right? They're still printing money. Yeah.

So they're in the process of rolling that out right now, trying to go fully digital. I mean, like, if you kind of think about it right now, the United States dollar, as it stands, if you were to try to print the, like, get physical dollars for all the dollars that are in circulation, I think you could get like 10% of actual physical dollars. Yeah, right, right. So theoretically, it's electronic. It's just on a computer somewhere on a server. Yeah, it's just a number, right? So theoretically, like, it's already kind of digital, but what the United States has is that extra step of like a private bank, whereas, like, the government doesn't have your information. If they wanted to have your information or theoretically freeze a bank account or something, they could do that. You know, we saw that in Canada this past year with the trucker's convoy.

I don't know if you followed that or anything. But essentially there's a protest in Canada. The government said, you know, you know, they're like, you know, if you don't want to get the COVID vaccine or anything like that, you know, you can't work. And then the truckers just, you know, basically protested. And what Trudeau and the government and Canada did said, like, freeze whoever's bank account it is that, you know, that is a part of this trucker's convoy. And they had, you know, cameras and other things like that out there. But the interesting part of all that is that people donated crypto to these truckers to kind of help with the cause, you know, kind of help against the government.

Well, you know, 70 or 100% of all cryptos were taken except for Bitcoin. and 70% of the Bitcoin that was donated was unable to be confiscated because there's a way you can make Bitcoin fully anonymous, kind of like I was saying, where it's fully decentralized. I thought it all came from like a wallet, like the wallet is still tied to you. Yes, theoretically, but you can have a, you know,

so there's different ways you could do it, right? So whenever you use a miner, right, you could plug in a minor into your wall right now and then there's, you know, send it to a wall. it on your phone that doesn't require you to put any information. So I can, I have, you know, a couple wallets. There's like, it's moon, M-U-U-N. There's like Satoshi's wallet of Satoshi. Like, there's some of these other products out there where you could receive Bitcoin from, like, theoretically like a minor or from somebody else. And you can change that wallet address

like a couple times throughout that. So whenever you get that Bitcoin, it's very difficult to be traced back to you. It could be traced back to the wallet, but you could have met a homeless guy and got his information open the wallet. Yeah, or, you know, you can, you could do that or you, you could do that with a homeless guy, or you could just like, you know, have the, you know, there's like other mixing services that they offer where it's like, hey, you go on to this mixing service, you say like, hey, I'm going to put in, I don't know, 0.5 Bitcoin in there and theoretically gets sent around to a

couple different people and you get the point five bitcoin back so it makes it a harder paper trail to kind of chase back to you so essentially a lot of this kind of happened throughout the truckers convoy where you know the government was pissed at all these people tried to freeze bank accounts but it essentially made a big really good use case for bitcoin because then you know they weren't able to confiscate that right right just made them seem like even more secure like yeah we said we were secure but look they couldn't do anything to us yeah exactly so So, you know, governments around the globe kind of saw that and observed that, and they're like, okay, like, some of them were like, all right, well, maybe we can't stop this Bitcoin thing, so we'll embrace it. So that's what El Salvador did.

Central African Republic did that. And some others did that as well. But, you know, some others are now looking into developing CBDCs. So there's a website on there. You could even go and look. It's like, I think it's just called CBDC tracker, where you can go and Google all the countries and see where they're at in this development of creating a CBDC. so like I kind of mentioned a little bit earlier with China is like you know with that comes full government control so you can you know you can put your tinfoil hat on and say like you know

this is big brother kind of stuff right you know it really depends on the government who's running it right so I mean China is you know communist so they essentially have a social score for each person so you know whether you condone these things or not if you gamble if you watch porn buy porn or even if you play video games too late. Or maybe, you know, we have a similar situation to COVID where it's like, hey, you tested positive for COVID. You need to lock down for two weeks. They could just freeze your money easily. They don't have to go through the bank and do all that. Chichyp would do that. Chichyp cares about his people. He just wants the best for him. Yeah, exactly, right? Your problem is you don't understand tough love. That's the problem.

That's really. That's what it is. Now, 100% that's what it is. He just doesn't want people, you know, Like, you shouldn't be watching that stuff on TV anyway or on your phone. You shouldn't be going to Pornhub or whatever these guys do. They shouldn't be doing that anyway. He just wants the best for them. Yeah. He's just, like, trying to help you not poison your mind and all that, you know? I mean, that's basically it.

But, I mean, you know, back to that, it's a big reason why China banned Bitcoin mining. At one point in time, they were the leading country of Bitcoin mining hash rate. So what the hash rate is is just, you know, however many miners are in one location. because of, you know, internet and other things like that, you can kind of track where these miners are, like, located. You know, obviously you can use a VPN and be in other places, but, you know, theoretically, you can kind of tell where the hash is coming from. And China was the biggest player at one point in time.

And then, you know, they went in banned Bitcoin mining. There was videos going around in the internet of, like, those big, what is it, those big, like, cement trucks just, like, running over Bitcoin miners. like just banning all these different things and you know they just go into people's houses and just grab them yeah i mean there was companies out there that obviously you know had a big farm and everything so you couldn't really hide those but um you know at one point in time you know the biggest threat was somebody kind of you know stopping bitcoin mining and people didn't really know how that would turn out but you know after china banned it people either went to different

countries with it you know Kazakhstan was a big one the u.s was a big one was a big one obviously people came here, got cheap energy, but actually, like, a lot of miners kind of went back online in China. So, you know, in the end, like a lot moved, but some definitely stayed and stayed in China and are still mining other things like that. So, I mean, as much as, you know, some governments are going to try to stop Bitcoin, it, you know, it's theoretically like almost impossible to stop at this point, you know, it's like, I don't know, it would be like you need to go to every single person's house in, you know, the greater, in the globe, go check for Bitcoin nodes, go check everybody's phone, delete all this stuff, shut down the

internet, theoretically. And if you shut down the internet, we're having probably bigger issues than what's the money, yeah. So what do you think, so you think ultimately, but you were saying like ultimately what, you think that, you think all of the, all the governments will eventually embrace some kind of a nationalized currency for each country? Well, so I think there's kind of two ways this can play, or maybe three ways that this could play out. So right now the U.S. dollars, like the global reserve currency, right? So like we kind of stated a little earlier, the dollar compared to other fiat currencies

has been getting stronger because the U.S., the Federal Reserve has been raising interest rates, which makes it harder access to dollars. Our biggest export is dollars is the U.S. So, countries getting fewer of those, obviously, you know, makes the dollar a little bit stronger, a little bit more scarce, yada, yada, yada. But what the U.S. could do, which, you know, I've talked about a little bit on my podcast and other things like that, is they could theoretically back Bitcoin or back the U.S. dollar with Bitcoin.

So instead of, you know, a gold standard like we had at one point in time, you know, we have like a Bitcoin standard where, you know, you could theoretically back the U.S. dollar. if they wanted to have, you know, the ability to still print more money and put more money in circulation, other things like that. That would essentially allow the U.S. to weaponize the U.S. dollar against any other currency and would keep U.S. as the global reserve power. Because right now China is trying to, China and South America and China, Russia, like, you know. What's the name of the currency they're trying to come up with?

Where? Oh, the central bank digital currency? No, no. I'm saying China's trying to get them to move. off of the U.S. currency. Yeah, so there's already been kind of some movements away from it. So it's, you know, it's called the BRICS nation.

So like China, Russia, Iran, some of these other like Middle Eastern countries have like already approved to do trades with oil not using the U.S. dollar. They've actually approved trade in cryptocurrency, whether they use Bitcoin or something else. I don't really know.

But, you know, it is kind of interesting right so i mean we have the kind of like this geopolitical war going on with you know russia and ukraine and during all this Putin has seemingly like kind of embraced bitcoin mining trying to get a lot of people to come there and kind of embrace that to maybe move away from the u.s. dollars so there is kind of some stuff kind of going on behind the scenes but you know back to your original question on the the three ways i see it playing out so first way the u.s. dollar could be backed by Bitcoin. Second way, we used Bitcoin as a standard where I transact things. Everything is priced in fractions of a Bitcoin sort of thing, which we call SATs. So, you know, there's 100 million

SATs in every Bitcoin, and then there's 21 million Bitcoin. So, you know, it is divisible, but there's a whole lot of it out there. So theoretically, we could price everything in Sats. or the last way that I see it playing out is that, you know, all these governments try to, you know, revolt. They delete on ramps. So like we're kind of seeing where you can't, you know, use your bank account to go to any of the exchanges, like a finance or like something else to buy Bitcoin. It makes it more difficult. And then they offer people's CBDCs. And so because it's easier to use, people would say, you know, I don't really care about my privacy.

you know, the government is not going to control my money like that, you know, and then something's going to break out like a COVID where they try to control you a little bit more and then people start freaking out. So, you know, it's either U.S. dollar backed by Bitcoin, Bitcoin standard, or, you know, the central bank digital currencies, which essentially is the government controlling your money. Okay. So I mean... I wonder which one do you think? What do you things the most reasonable so i mean i i would prefer the u.s to back their the dollar by bitcoin but i just think that people in power are just kind of too you know i guess ignorant to what is going on i mean we're seeing you know a lot of countries move away from the u.s dollar we mentioned already oil right

we el salvador i've mentioned a couple times made bitcoin legal tender well i mean we had you know Vice President Kamala Harris come out and say, you know, things about El Salvador. And it's like, how many times is it a vice president or anybody in the government gave any notice to what El Salvador is doing? The answer is probably never. And the reason why they're upset that they're trying to move towards a Bitcoin standard is because the way that the U.S. dollar being back, or the U.S. dollar being the global reserve currency kind of helps the U.S. is that theoretically, as they print more money,

and inject liquidity, whether it's some sort of financial crisis where they're giving people stimulus checks like we saw a couple years ago. That's essentially devaluing the U.S. currency, but El Salvador doesn't get any of that stimulus. They don't get any of those PPP loans or anything like that, but they just suffer from the inflationary aspects of the U.S. dollar printing 60% of its money supply in two years. So I think more of these countries that are, you know, we're already kind of seeing it. We're seeing a lot of South America, Latin American countries get onto a Bitcoin standard. I think a lot of countries in Africa are going to start to get onto a Bitcoin standard.

And so I think the way that I see this playing out is a lot of countries are going to start to move that way. And either the U.S. is going to panic and do what I said last such effort, make it a U.S. dollar backed by Bitcoin, or we're just going to kind of move towards a Bitcoin standard. and, you know, you can't make a Bitcoin illegal in the U.S. because it's another country's money. So, you know, are you going to not allow us to come into the U.S. and pay with something or exchange, you know, pesos for the U.S. dollar? It doesn't really make any sense. So, you know, within the past year, we've had, well, I think, yeah, El Salvador has been a little

bit over a year now where it's been legal tender. We've had, you know, just recent announcements where remittance payments can be paid in Bitcoin from, you know, the U.S. to Africa, the U.S. to Latin America. And, you know, take for that what it is, right? A remittance payments is somebody living in the U.S. paying some money. Sending money back, right? To their family. So now they have the ability to do that in Bitcoin or what's called the Lightning Network.

And so what that does is essentially like kills like Western Union's business model where you can theoretically send, I could send you $5 from you to El Salvador or something, you to somewhere in Africa. Whereas like Western Union, it wouldn't really make too much sense to send $5. Because there's a fee. Because the fee is like $35 or whatever it is.

So, you know, they're essentially eliminating that where the fee on that $5 is nothing, like actually nothing. And then once it gets over like $100 or something, it's like a couple cents. So the fee to do it over, over the Bitcoin network is extremely cheap and it's it's extremely fast right so I mean if you need money on a Saturday or Sunday Western Union's closed but you know Bitcoin doesn't sleep right I mean so it's all on the internet and other things like that so I mean it's already kind of starting

right so you know I think that we're going to kind of get that way but the problem is is that the companies are the countries that are adopting this they're third world countries there's no really other way to word that nicely. So. Developing countries. Yeah, maybe there is. There we go. I mean, hey, word smith over here. But I mean, these developing countries,

right? I mean, you know, they're not going to turn around within a year or two years. It's going to take a lot of time for them to, you know, get to where the U.S. theoretically is right now. So, you know, the U.S. kind of has some room to make some mistakes.

And so, you know, how much, how many mistakes they make, how drastic of mistakes they make, that's all going to affect how, you know, this all really plays out. And it all really relies on the U.S. dollar and, you know, the government's ability to, you know, kind of, I guess, control that power and keep that power. And I think, you know, a big part of that now is kind of coming to light when it comes to the Russia-Ukraine war, right? I mean, why is the U.S. sending so much money over to help aid Ukraine? So, I mean, I think it's all kind of connected and it's all kind of a power struggle at the end of the day.

And, you know, the crypto-bitcoin industry is one kind of cog that could, you know, theoretically take some power away from people who have been in power for a very long time. He's been known to cure insecurity just with his laugh. His organ donation card lists his charisma. His smile is so contagious. Vaccines have been created for it. he is the most interesting man in the world i don't typically commit crime but when i do it's bank fraud stay greedy my friends support the channel join matthew cox's patron i understand the basic concepts i mean obviously i don't i don't know how to get 15 servers and start myself

a little you know bitcoin mining you know a service or or farm or whatever so but i mean i understand the basic concept, but I understand that it's backed by something. You know, you can try and explain that again, but since I'm not, you know, I'm not able to go back to school, back in time and get a degree in mathematics or computer science or whatever it is that I would need to understand what you're saying, or you could sit down with me for a week or two and try to go over it. But bottom line is, it's backed by something that's virtually impossible to reproduce and therefore there's only a certain number of bitcoins that are going to be released and therefore they have value because it's limited and they're able to fractionalize it and

you're able to buy in and you're able to and it's accessible to everybody so um you know and so it makes it less and less likely that it's it's able to be controlled by any one person or even a small group of people not that there's not the ability to manipulate anything yeah um but you know and i understand the difference between that and and just basic crypto like to listen honestly about until a couple months ago i just assume well bitcoin is a cryptocurrency just like all other cryptocurrencies and i thought the only difference was was that bitcoin was the first one that's the only difference i ever thought there was i thought it's just like etherium or anything else i of course you know now know well i mean i wouldn't even catch yourself too much or you know beat yourself

up too much about that because I think that's what majority of people think is that crypto and Bitcoin are all kind of one right and I'm sorry the only reason I even know that is because I was looking into the FTX thing and when they were talking about just producing they were producing you know more and more of their own coins and I was like well how is this even possible like like I I thought there was only so many of them they're like no bro you're thinking so I had to have that explained and then I had to look up a video that explained it and then I was like still didn't quite understand you explained it better than the video did that's for sure i appreciate that so um but uh i was gonna i was gonna i was gonna say um i just my head just jumped to

china and that them locking people down um anyway um yeah because it's because i can imagine that and i totally get that too like um i was watching jo rogan and where he was saying that's i forget who was talking to but they were saying the same thing like look you know they can easily just say okay look you can only spend this much on meat you can only spend this much on vegetables on your car payment on gas on electric like you know just because well it's it's in limited supply so we're only allowing people to spend this much on their electric bill it's like whoa whoa whoa what are you talking about so um so it did it seemed like a to me a scary concept but there's so many scary concepts yeah well i mean you know it is that that thing right i mean i think the

biggest portion of Bitcoin that kind of gets overlooked is that, you know, like what I said a little bit earlier, is that there's no CEO, there's no marketing department, right? So the guy that created it, they don't know if it's a guy, girl, group, whatever, it's some coder that was on the dark, dark web. He goes, it was by the pseudonym Satoshi Nakamoto. Right, I thought that was a real person. So they don't even know who this is. Now he's mystical. Yeah, I didn't know that. I thought it was a real guy. I always pictured him with one of those long mustaches, right moustaches and like a thing you know no no nobody knows who he is i mean hey you could be him we don't even know i'm i promise you i know i'm kidding but uh you know i think that that's like

a part that gets overlooked right so i mean what he did is to like another way to prove this is that he put a bunch of bitcoin in cold storage i can't remember the exact number i want to say it's like a thousand or maybe even a little bit more um and he put that in cold storage and you can track this all in the blockchain. So, you know, what a blockchain is just essentially digital ledger. Right. So you can see when coins move, when people move a big bunch of things. I mean, there's, like, Twitter accounts that literally just go and track this, like whale alerts or whatever like that, where they see big amounts of Bitcoin moving back and forth. And this one wallet that has, like, I think it's like a thousand Bitcoin, maybe even more, hasn't moved

since like 2009 when it started in like 2008 so I mean I don't know about you but if I had something that was worth like over a couple billions of dollars just sitting there and I knew everything about this and you know it got to this point I'd probably take a couple I'd take a billion out every few months somebody's going under yeah um hey man I call my shot I think buying it's going to fail so yeah I mean maybe maybe I could come do revisionist history and we could dive in under the hood or something like that. Yeah. Well, you could, you could also explain. It was so great about, you know, like getting out now. Like, like when Bernie Madoff's whole thing, you know, you kind of, when it failed, right, like you're, you're kind of watching it happen on TV, right? So,

but now everything's happening like with, um, with FTX. Like this guy's going on. He's tweeting. He's, he's, he's, he's going on all these programs. He's doing all this. It was like, oh my God, like, you're destroying your own case like live. Like, what are you doing? doing like he he he doesn't know a world where you can't manipulate media so he's against i'm sure attorney's advice he's going on on uh media platforms and doing interviews and everything thinking i can spin this i can spend this but the problem is you know when you've watched those videos you realize like oh you're used to being the smartest guy in the room yeah you think everybody's an idiot so when these guys are asking pointed questions and you're trying to spin it and spin it and

then they're like yeah yeah i understand but back to the actual question you're saying that he's doing his whole little stuttering thing that where he's trying to spin it and he can't yeah so um so but so i'm saying these things are going under all the time so there's always some little some little some little ponsie scheme or some little you know um uh i almost said queen of the south um some little um crypto queen scam or something that there's so we could definitely you could definitely come back on and we could do that. Well, I mean, what I always say, you know, especially in this crypto industry,

where there's smoke, there's fire, right? So, I mean, the first, the word con man comes from confidence because, I mean, Sam Bankman-Fried basically had confidence. People, you know, saw the nerdy guy and kind of believed and bought into that. Well, I mean, the same thing's kind of happening

with Binance right now, right? I mean, like, there's been people kind of digging into that, people, you know, kind of digging in some stuff. Obviously, the U.S. stopped allowing you to transfer stuff into that and you know what did cz do he went on to cnbc shortly thereafter and spewed his bullshit about like how you know oh don't worry everything's fine we're gonna figure it out but like i said i i think i think the the biggest fault of ftx is sam begman free just isn't you know like you said he's very nervous and like after he kind of figured out like oh shit like the jig

is up he's he doesn't have that cold-blooded guy in him to go and still lie to all these people and then all these people pointing him, these pointed questions, and he wasn't able to answer it. Well, I think CZ is a really smart guy, and I also think he's a con man. I think he's out there and just, you know, just trying to instill confidence into people to say, like, hey, don't worry, don't do a bank run. Don't pull all your money off of Binance because, like, you know, we're fine. Why are you going to pull your money off? We're still able to give you this yield. We're perfectly fine and so they're i have a working model here yeah i i you guys put money in i give you 15 percent and i lend that money out at one percent yeah that's never going to fail exactly right

i'm not a mathematician yeah but i mean count yeah i mean you got to ask yourself where the hell does this yield come from and nobody can ever answer that question and then when you ask some of these crypto bros who go like oh you know i believe in xy z protocol xy coin because it offers this yield you ask them like well it's like a company dividend it's like well a company makes money right you know like a company has a product or a service yeah you're not making cars yeah you're not Tesla you know what I'm saying you're not a reet or you're not like one of these things where you're you're obviously seeing the cash flow come in it's all built on a Ponzi scheme right and you're just the idiot that's falling for it I was to say at at least with

Tesla at least Elon must will be what will tell you yeah the stocks way over It's way too pricey. It's no, I don't know why people are paying it. They keep buying it. It's like, I believe this guy. Yeah. Yeah, you're right. You guys really, it's crazy.

But these guys are like, no, it's definitely worth it. Keep buying. Well, of course, your whole model is based on keep buying it. So, okay, well, well, listen, I mean, so you've got your channel. We already talked about your channel. We already talked about, well, not here. We talked about it when we met at Podfest. Because we met at Podfest.

Yeah. Yeah, and, Podfest. Yeah, and Chris Kay. Did you ever meet Chris, the guy that runs it? Yeah, yeah, I met him a couple times. So I met him, actually, I got the first exposure to Podfest because I started doing this a little over like two and a half years ago now. Not so much like YouTube content and other things,

but I started like Green Candle and they had a blockchain and Bitcoin Summit in Amelie Arena, which was shared with Podfest. I think it was like 20, late 2020, I want to say, maybe 2021-ish time. So I went there and I saw Podfest and I talked to Chris a little bit then. And then I went to the, there's like a podcaster's meet up here in Tampa. So I've gone there a couple times. So yeah, I met him through there. And then, you know, a couple people from there were just like, yeah, we're going to this

podfest thing. And I'm like, all right, I'll check it out, see what it's all about. So I went there for a couple days, met, you know, yourself and a few others. So, I mean, it was an awesome time. and, yeah, all in sunny Orlando. Yeah. Yeah, it was good. I did a talk there.

Did I ever tell you how the talk went? No, you never told me. He's fucking starts laughing. So, here's the, so I did a talk. I did a little talk or speech, whatever you want to tell you, what, 30 minutes, right? And then I also did, I was on a panel. So the talk I gave, I went behind a girl. What was her name?

Do you remember her name? God, what was her name? Oh, is he? there too yeah yeah yeah Connor's always Connor not with me it's just I we tend to go to the same places and he shows up and I'm like Connor what do he's like hey what's going on um so anyway let's let's call her name Rio she had a weird name let's say Rio so this chick so I go in to the room and I'm like wow like there's like a lot of people there's like a hundred was there like a hundred people maybe you think more maybe did yeah full house you're no help

there's 100 to 150 people like it's packed yeah i was like this is great so this is okay cool like i'm actually i was a little bit nervous because typically all i ever do when i do speeches i just tell my story i tell a 45 minute version then people get to ask and typically it's finance people so you know i get the basic same questions no big deal but this i was talking about basically like what the do's and don'ts of owning or of running a channel yeah so i was a little nervous because i've never done that before so but i was like okay god you know but i was more nervous about there being nobody. Yeah.

So, but I was like, there's like 150 people here. So she gets up and this chick starts talking and she has probably given her speech 10,000 times. Like she was so polished. Oh, yeah.

And the more she talked, the more I thought, Jesus, God Almighty, like of all the people for me to follow up, this is bad. Like this chick, I'm going to have to start off

my thing saying, like, listen. She's legit. She, if you're thinking that you're about to get as polished of a speech as what Rio just gave, you're going to be disappointed. Like, I'm already preparing my apology before I even need to. So she gets up, she's like this and this and this, and she goes through all. And she is polished and she's got all these little tricks she's telling them. And boom, boom, boom, boom, boom, boom, goes through the whole thing.

She also periodically drips little things about how she teaches courses. But not bad, not like, like you could tell like she just was more of a speech. I think she was told not to do that. Like, you're not here to pitch your product. Yeah. You're here to give a talk. So, but she does a little here, a little there, and she does the whole thing.

And I could tell, and I was thinking, I don't think she's supposed to say that. Yeah. But I was like, ah, that's fine. You know, whatever. Like, what do I care? She's going on and on and on. She's got everybody really jacked up.

Like, wow, like, she really knows what she's talking about. She can make, you can make a ton of money just doing what she's telling you. She's telling you all these little tricks. And basically, most of it was based on, on, like, Twitter and Reddit, and formats that I, I'm not on. Yeah. So she gets all pumped up and everything.

And she's like, okay, well, look, I'm running out of time. I'm wrapping it up. But, you know, it's all, it's all, you know, this is it. This is it. So look, she said, I know you guys have more questions because people were asking questions. They had their hands raised. She's like, I'm sorry. I can only get to so many.

I'm sorry. She said, look, here's what I'll do. Obviously, I also teach a course, you know, if you're interested in the course or if you're interested, honestly, in just me answering the rest of your questions, I'll be in the hallway oh man so come on out to the hallway anybody is interested in she gets up and everybody gets out almost everybody gets up and leaves and i'm sitting there i joke around i'm like there were three people left but really there was maybe 20 people left but i was just like i mean listen it was an emotion for me it was i was like yeah hit to the ego i was up and down up and so then i got up

But in a way, I was just like, in a way, you did me a favor because I wasn't going to be able to follow that act up. Yeah. You know, there was no way. And, you know, so in a way, great, I only have to disappoint 20 people. So I got up. I talked. I rambled for, you know, 25 minutes. And I was done.

And it was like, oh, you were good. You were, you were a little nervous. You could tell. You were. So I did. It's fine. But yeah, it was like, when she got up and I mean, they were, who, woo. And left, I was like, I mean, literally, I kind of just started laughing.

I was like, oh, my God. Damn. This is hilarious. This is really, I mean, I don't really care because, you know, it was a good chance I was going to get, you know, stoned by these guys. But anyway, so yeah, that was my podcast experience, so I won't be doing that again. But listen, what we got to do is, one, one, you have a, you have a channel, you have a YouTube channel, right? You have a regular, you have a channel on what? What's the main one on?

Yeah, so both of it's on, so I have one channel, it's green candle on YouTube. I got two podcasts. one's called the Macro Insights podcast and the other state of Bitcoin those are available obviously on my YouTube but then anywhere you get audio podcasts as well you rip the audio and you put them on

yeah it's on Spotify Apple podcast Google podcast all that kind of stuff what do you use to upload them you go to like anchor yeah I use the anchor to upload I use stream yard to record just like you and then I rip the audio and the video well I mean

I live stream so I live stream the state of bitcoin one i do that one every thursday um varies the time because i have a guest but i live stream it on my youtube and my twitter's accounts so my personal and my green candle twitter account so thank you brandon for coming on i appreciate you guys watching the video see you