Celsius. FTX. Linqto. Same Story Again? Millions Lost. Garlinghouse Responds?

Summary

Podcast Summary: "Celsius. FTX. Linqto. Same Story Again? Millions Lost. Garlinghouse Responds?"

Podcast Information:

• Title: On The Chain - Blockchain and Cryptocurrency News + Opinion
• Host/Authors: Jeff and Chip
• Episode Release Date: July 3, 2025
• Description: Focuses on Blockchain and Digital Assets, Cryptocurrency news, and opinion with a focus on XRP, catering to both newcomers and veterans in the space.

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1. Introduction and Setting the Stage

The episode begins with Jeff welcoming listeners back to "On The Chain," announcing a deep dive into one of the most explosive stories in the crypto space—a saga reminiscent of the collapses of Celsius and FTX. The hosts express concern over the recurring pattern of platform failures, highlighting the impact on retail investors and the unsettling silence from crypto influencers.

Jeff [00:02]: "We're going to be diving into one of the most explosive stories to shake the crypto space in such a long time."

2. Technical Difficulties Interrupt the Discussion

Shortly after the introduction, Chip and Jeff encounter significant technical issues with their streaming platform, StreamYard. These interruptions hinder the flow of the conversation, leading to moments of frustration and attempts to troubleshoot the problem live.

Chip [02:01]: "I had the same trouble, Jeff."

Jeff [02:05]: "Oh, no."

3. The Collapse of Major Crypto Platforms

Despite the technical glitches, Jeff resumes the discussion, drawing parallels between the recent collapses of Celsius, FTX, and Linqto. He emphasizes the pattern of over-leveraging within the crypto industry and the resultant fallout affecting millions of investors.

Jeff [05:30]: "When you look behind the curtain and see actually, you know, who's orchestrating things... people are a little bit short on change."

4. Brad Garlinghouse Responds to the Linqto Controversy

A significant portion of the episode centers around Brad Garlinghouse, CEO of Ripple, addressing the issues surrounding Linqto's acquisition of Ripple shares. Garlinghouse clarifies that Ripple did not sell shares directly to Linqto, but rather Linqto purchased them on the secondary market. This statement aims to alleviate investor concerns about the legitimacy and implications of these share transactions.

Brad Garlinghouse [09:15]: "Link to owns 4.7 million shares of Ripple solely purchased on the secondary market from other Ripple shareholders. Never directly from Ripple."

5. Unpacking the Linqto and Ripple Shares Controversy

Jeff delves deeper into the Linqto situation, discussing how the platform marketed the purchase of Ripple shares to both accredited and non-accredited investors without clear disclosure. The hosts highlight the confusion between holding actual shares versus representative units or Special Purpose Vehicles (SPVs), which do not equate to direct ownership.

Jeff [09:45]: "The fact that these are representative units and they're not real, you're not tied to a specific share."

6. Legal and Regulatory Implications

The discussion shifts to the legal challenges facing Linqto, including potential federal investigations and bankruptcy filings. Jeff references an article from the Wall Street Journal detailing allegations of securities fraud and improper sale of Ripple shares without investor permission.

Jeff [11:10]: "There's an article in the Wall Street Journal that... they're setting their own price, they're doing... amazing to just negotiate over shares."

7. Community Reactions and Influencer Responsibilities

The hosts express disappointment over the lack of transparency from crypto influencers who promoted Linqto without fully understanding or disclosing the associated risks. They criticize the influencers for fostering FOMO (Fear of Missing Out) and not taking responsibility when the platform failed, leaving investors vulnerable.

Chip [54:28]: "They sold out and then crying about it and playing the victim."

8. Insights from John Deaton

John Deaton, a notable figure in the crypto community, provides his perspective on the Linqto collapse, referring to it as a "complete cluster." He anticipates imminent bankruptcy and highlights the magnitude of the issue, with thousands of investors left holding non-accredited SPV units instead of actual Ripple shares.

John Deaton [22:37]: "Linqto caught up in what I want to refer to as a total cluster... Indictments expected. SEC and DOJ involved."

9. Ongoing Challenges in Crypto Regulation

Jeff and Chip discuss the broader issue of regulatory uncertainty in the crypto space. They argue that the lack of clear regulations contributes to the prevalence of fraudulent activities and platform collapses, making it difficult for investors to navigate safely.

Jeff [78:03]: "Without true regulatory clarity in the space... you can't operate within the bounds of regular financial laws."

10. Community Engagement and Giveaway

Amidst the heavy discussions, Jeff and Chip engage with their audience by conducting a giveaway. Despite the technical issues, they successfully select a winner, Gary, demonstrating their commitment to community interaction.

Jeff [92:18]: "Winner, winner, chicken, dinner."

Chip [92:20]: "Freaking almost had it right before close."

11. Tangential Discussions on Politics and Economy

As the podcast progresses, the conversation veers into political commentary, discussing topics like tariffs, federal agencies, and global economic strategies. While these segments are less central to the main theme, they provide additional context on how external factors influence the crypto environment.

Chip [63:31]: "It's going to bring back the dollar, right?"

12. Conclusion and Final Thoughts

The episode concludes with Jeff and Chip reflecting on the turbulent state of the crypto market, emphasizing the need for regulatory reforms and greater transparency. They also tease future discussions and encourage listeners to stay informed and cautious in their investments.

Jeff [99:49]: "This is what kills me. And they're bringing up... it's killing me."

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Notable Quotes:

• Jeff [00:02]: "We're going to be diving into one of the most explosive stories to shake the crypto space in such a long time."
• Brad Garlinghouse [09:15]: "Link to owns 4.7 million shares of Ripple solely purchased on the secondary market from other Ripple shareholders. Never directly from Ripple."
• Chip [54:28]: "They sold out and then crying about it and playing the victim and that's exactly it."
• John Deaton [22:37]: "Linqto caught up in what I want to refer to as a total cluster... Indictments expected. SEC and DOJ involved."

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Key Takeaways:

• The crypto space continues to face significant challenges with platform collapses and fraudulent activities, reminiscent of past incidents like Celsius and FTX.
• Linqto’s acquisition of Ripple shares has raised serious concerns about investor safety, transparency, and regulatory compliance.
• Statements from Ripple’s CEO Garlinghouse aim to clarify misconceptions but do not fully resolve investor anxieties.
• Regulatory bodies like the SEC and DOJ are actively investigating these matters, highlighting the need for clearer crypto regulations.
• The crypto community must remain vigilant, conduct thorough research, and demand greater accountability from influencers and platforms.

Recommendations for Listeners:

• Stay informed about the latest developments and regulatory changes in the crypto market.
• Exercise caution when investing in crypto platforms, especially those offering pre-IPO shares or SPV units.
• Seek out reliable and transparent sources of information to navigate the complexities of blockchain and digital assets safely.

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Transcript

[Jeff]

Welcome back to on the Chain. I'm Jeff here with co host Chip. What's going on? Chip, what's going on? Everybody out there in the on the Chain community today we're going to be diving into one of the most explosive stories to shake the crypto space in such a long time. Chip. It was like four years. We filed this massive lawsuit. See the collapse of Celsius and ftx. Now link to what's going on with that. Retail investors once again find themselves holding the bag in this time. Chip. It's not just the platforms in question, but the silence from influencers out there that are also raising some eyebrows. Now. Brad Garlinghouse responded. John Deaton is calling it a complete cluster. You know what follows that jungle crypto. Eddie and others are sounding the alarm now. We're going to break down exactly what happened. There's a lot lost. We're going to see who's speaking up, see who's gone quiet now. Stay tuned. This is bigger than just the one platform. This is about trust, responsibility, and the future of investing in crypto. So we got a whole bunch of things that we want to dive into that we want to cover. Excited about looking into all of this. We're going to workshop it and we are going to jump into the shallow end head first for maximum impact. You guys know how that thing goes. So if you're ready to kick this thing off. I'm ready to kick this thing off. And what's up? Everybody give a quick shout out where you are tuning in from. We get people tuning in from all parts of the country. People tuning in from all parts of the world. So, man, it's always good. It's always good. It's always a fun time. Looking forward to this for tonight. So here we go. Let's do this. Almost hit the outro. So we're gonna go with this one right here. Let's go for the open. How about that? Welcome to on the Chain. All right. And we are back.

[Chip]

I had the same trouble, Jeff, so.

[Jeff]

Oh, no.

[Chip]

Same thing knocking me out. Keeps knocking me out. I don't know what's going on, man.

[Jeff]

Oh, man. Maybe it's something trying to possess. Hopefully we can make it through this. We were perfectly fine before we went live and it was actually after we had got knocked out the other day. We're good. When we weren't live.

[Chip]

Yeah. I mean, I don't really know what the thing is. I mean, using Chrome, everything's updated. I don't know. I don't understand what the problem Is.

[Jeff]

Yep, yep.

[Chip]

I do not know. But.

[Jeff]

So we got all sorts of good things, man. Let's work Chat said perhaps workshop the connection issues. That's a good place.

[Chip]

Workshop, man. It's a browser based app and it's. That's.

[Jeff]

And look at this.

[Chip]

That's what there is to work. Crypto Bird dog.

[Jeff]

Whoa.

[Chip]

Hey now. Hey now. Oh, geez. My goodness. Wow.

[Jeff]

Well. Oh no. Oh no. We just lost Chip again. So. All right, well, while he's trying to fine tune his technology and hopefully he makes it in here, you know, we're trying to dig through all this stuff. I'm gonna pull up the first post that we really need to dig into now. This one is coming from Brad Garlinghouse. Brad Garlinghouse. You know, we really wanted to see, you know, definitely some, some good commentary and you know, see exactly, you know, what's going on with this whole situation. It's always a little disruptive, you know, for the community at large when things like this start happening. Now, unfortunately, you know, over the years within the crypto space we've seen multiple different platforms and companies that have gone down. Unfortunately in the most latest, we saw people get caught up in Celsius. We saw the collapse of ftx. We saw, you know, Binance, we saw a bit true pulling out, not saying collapse, but there were some, you know, other issues that were happening, so to speak, in this space, you know, when it comes to operational, when we think about it from a regulatory perspective. So we saw Binance having to pull out again, Bitcher having to pull out. And there's some obviously power plays, power moves that are in place. We can go back and really dig in and reference the timing of the collapse of ftx, the different strings that were pulled. Also when we saw the fall of Celsius, obviously the markets were kind of at a low point. So everything was way over leveraged. And it was interesting, interesting dynamics because you could also say there were some interesting inner politics that could have been involved in, you know, the calling out with Sam Bankman Freed talking about that he was getting ready to buy out Celsius, that FTX would buy out Celsius. And then the next day said they looked at the books and didn't look good. And it was almost an immediate collapse of Celsius. Then Binance CZ from Binance did the exact same thing with Sam Bankman Fried and you know, pulling the carpet out when or when you, when you look behind the curtain and you see actually, you know, who's orchestrating things behind the Curtain or, you know, you know, actually getting a view into the fact that maybe people are a little bit short on change, so to speak. Again, way over leveraged. What is going on with Link to, though? Similar but different. Oh, man, Chip, I hope, you know, maybe Chip has to do a full reboot. I don't know what's going on with him. And it's crazy how it's connected specifically to when we're live streaming. He was having some issues with something else that he had to figure out. Lots of changes, so hopefully he'll make it back on, but. All right, let's. Let's bring this up because I want to kind of drill down this step by step by step. And I think a really good place to start would be Brad Garlinghouse because this is. Obviously a lot of this happens over shares of Ripple. With this whole thing with Link to now people are. We're buying other shares. This is all like pre market ipo, Pre ipo, pre market shares that the question is, you know, how did they gain access to the shares? And, and we're going to see some acknowledgment from. Directly from Brad Garlinghouse in far as how things may or may not have happened here. And yeah, John Deon, you know, definitely, you know, covered a lot of it. So there's a lot of commentary that we have to. That we have to get into, but there you go. So, yeah, and you guys know the word of the day also get. Throw that in there. I'm gonna have to pull that up while we, while we go through this. We'll get the Streamyard drawing giveaway tool rolling out here as well, so I can monitor that. And we got a brand new song that I think you guys are really gonna love as well. So let me, while we're doing that, let me actually pull up this Streamyard giveaway tool so we can get that up and running. Just give me one second while we roll this together. There we go. All right, we got eight. Eight in the hopper so far. So let's see what is going on here. Man, it's crazy. I can see like half my screen. That's not, not a good place to be. I don't know what's going on. There we go. All right, so. So let's bring this up. Yeah, Ripple becoming a bank. Definitely want to get into that as well. You know, there was, you know, just too much going on. But here's Brad Garland House really looking into the many questions that people have in buying Ripple. Now, Chip and I kind of called it out a while ago, especially seeing what we experienced with Celsius. Then here we go again, you know, with Link to. The question is again, how are they selling the shares? Who holds the shares? Do you actually have shares in the company? How exactly did all of this go? Was it an iou? You know, how, how were they specifically orchestrating all of this? Now there's a article that appears in the Wall Street Journal investment firm Link to help pioneer private stock trading avenue for the little guy. Now it's facing federal investigations into its practice and a possible bankruptcy filing. So you're not just hearing the bankruptcy filing coming out, you know, from YouTubers out there. This was, you know, posted in the, in the general media. It was really important. I thought that Brad Garlinghouse came out and made a statement. Now I really wish there would have been statements made previously in terms of the fact that Ripple never sold shares to Link to that Link to it actually bought shares on the secondary market. That would have been nice to have known, you know, well in advance. But you know, again you know, Link to was doing that and they were supposedly on the up and up. But now we, now we have a look behind the curtain, so to speak. So, so here's Brad Garlinghouse. He says understandably there have been many questions from those who believed that they were buying Ripple shares from Link to and what's going to happen next to be clear on the Ripples end. Now this is really critical, you know, that people are, are very observant and the fact that he is getting ahead of this now again I wish it would have been earlier on when Linked was out there broadcasting and many of the YouTubers out there were talking about and promoting Link to as a platform to buy Ripple shares. There you know, it should have been some sort of, and maybe there was something, some statement made at some point that Ripple in no way has any type of affiliation with Link to nor has sold any shares directly to LinkedIn. Link to his head, no direct purchases from Ripple that I, I again if somebody has seen it or can find it, you know, let's, let's, you know, put it up there. And Chad nauseam is also saying SPVs are not shares. Exactly. So that will get into, you know, a lot of this and that gets cleared up because people actually thought that they were holding shares of, of the company and it's an SPV or an IOU or, or however you want to phrase it up, but they weren't actually holding it. Now here's, here's what we know and this is Ripple again from Brad Garlinghouse. What we know from our records is linked to. Owns 4.7 million shares of Ripple solely purchased on the secondary market from other Ripple shareholders. Never directly from Ripple. Now you know, I would really like to know, you know again from Link to his perspective and the way it was promoted, the way it was broadcasted, it almost seemed like they were the insiders. They had an in, you know, with these big companies and they were able to get shares directly from the big companies and they were doing like a legit somehow, you know, pre IPO and, and it's scary because, you know, it's very speculative, you know and there's, there's going to be a small number of holders in the market and then we also have to look at the amount of money that they were actually broadcasting of value. They were putting some, you know, increased valuation specifically on, on the shares. There's Chip, I think we have him back in. No. Ah, see as soon as they say something to him, it's crazy that he was sitting in the green room for the longest time. So it's got to be something with, with his camera, something broadcasting is, is kicking him out. I bet it's something with your camera or something.

[Chip]

No, it's not.

[Jeff]

What is it?

[Chip]

This is a very high powered Mac. It's not my connection. It's not?

[Jeff]

No, it could. It can't be the connection.

[Chip]

It's got to be something success from success.

[Jeff]

Something is. It's conflicting with my gpu. There he goes. But the fact that he's sitting in the green room with no issues, you know, is, is crazy. But it could be Chrome might be consuming all the power. Chip, when you're in the green room, you have no issues.

[Chip]

This is what I'm saying when I go live.

[Jeff]

I don't understand when you're. So there's something. Something is. It's pushing. It's weird. There's a conflict someplace and it's kicking you out.

[Chip]

What would they.

[Jeff]

But I don't know Max.

[Chip]

I know Mac. Everything works. Dude, it's something with streamyard. It's a Stream yard problem. It's not a.

[Jeff]

It's not a problem, but I'm not getting kicked out. It's a string. There he goes. That's so crazy. Insane. So, all right, so we'll get into this. What we know from our records is linked to owns 4.7 million shares again from the secondary market. Apart from Linkdews being a shareholder, Ripple has never had a business relationship with Link to. Nor have they participated in our financing rounds. We stopped approving more link to share purchases on secondary markets and in late 2024, amid growing skepticism. So as soon as they knew that something was happening. And this is really the important part, as soon as they knew. And this again, late 2024. So we're talking not that long ago. And it's interesting too, because Crypto Eddie had put out something. There was a CFO of link to that, you know, kind of put a lot of things out there, kind of revealed some of the things that were good that were going on at the company and, and, and Crypto Eddie. And we'll go through some of her posts as well. Crypto Eddie also got, you know, some backlash from, you know, from some of the, from some of the members of the YouTube community, which was not fair whatsoever on things that they had said to her and how, you know, she had been treated, uh, in this space as well. So Mark Smith and Chips graphics processing unit. Blow out dust inside and add thermal paste. The CPU and gpu. It could be maybe his CPU and GPU is over, you know, overheating something, you know, is conflicting. But it's only when he goes live, not when he's sitting in the green room. So he. And, and when we're not live. We were on the other night when we got kicked out. We were both on for the longest time when it wasn't live. So there's something else going on specifically, you know, he's got to figure that out. So how dare. I think it's a, a mag problem. Where's that blasphemy? Yeah, that's right. It's probably the Democrats doing it. Unfortunately, Robert Walden saying a while ago Link to was touted by several prominent XRP channels is the go to for unaccredited investors to get Ripple shares. Right, exactly. And so that, that's a big part of it. And I would like to see, you know, them coming out and, and some sort of a statement. But. And that's where there's a little bit of silence on that side of it. But let's go though. Brad Garlinghouse says. Okay, it seems my post has raised a few more questions. First off, XRP and shares of Ripple are very different things. This post is only about shares and Ripple. Right? I, I don't know how people still confuse that. Link to is a very separate company that bought shares in Ripple from some of our existing shareholders. It should be reassuring that we. Ripple are able to confirm that. Link to owns 4.7 million shares of Ripple. I have no idea how Link to manage the participants to whom they sold representative units. Right, not the actual shares, representative units of the shares of Ripple shares. And thus I can't provide any reassurance about Link To's business practices or how they will handle it. Now the good news is that the value of Ripple shares has increased significantly over time and there should be considerable gains on those shares for Link to unit holders. So hopefully they do the right thing. Hopefully, you know, this all works out. Now I've seen, you know, we've seen others like Celsius came back out. They went through the lawyers, they went through the whole situation. They went through a form of bankruptcy. They went over to a holding company. The holding company began to distribute stock in value towards their Bitcoin mining. But at the same time they started releasing in bitcoin about 60% of people's holdings at a set date. There was like a cutoff date. Whatever the valuation was at that point they were giving people 60, I think maybe up to 70%, but I think it was about 60. I unfortunately got caught up in that. Also lost Bitcoin and Ethereum. And that was, you know, real tragic. The fact that we're seeing it happen again is even more tragic, you know, and so, and I knew, you know, personally, I knew better, you know, and, and I should have stayed out of the freight, you know, and I, and I kind of looked at, you know, keep it, keep it in your wallet, keep it on the exchange. You don't have to worry about staking, you don't have to worry about, you know, lending. You don't have to worry about anything. Just keep it away from all of that. And I didn't, you know, at that moment in time got caught up in the FOMO of, hey, this is something, you know, new. Let's, let's jump in. So far, so good. It's been going on for, for a year or so, two years through whatever length of time Celsius have been around, looked into the ownership. They, you know, and you look at like, you know, from Alex Mashinsky's previous exits and the companies he built and the things that he did were very secured in, in the, the regular mainstream space. But what we're seeing in the crypto space is people are over leveraging. Plus with the highs and lows of the market, especially in stuff like this, you know, it's, it's insane on, on how far, on how far, you know, people can get over leveraging and underwater and, and all these Other things. Now, when it comes to this, this was really shocking to me because an unaccredited investor being able to go in and buy ipo, you know, or pre ipo, then you're gaining direct access and you're holding those shares in a legit way. The fact that these are representative units and they're not real, you're not tied to a specific share. And like Brad Garland, I was saying he doesn't even know. He's not sure exactly how, how they're going to work this out. Are they going to work it out? It's got to go, it's going to go to court. They're going to go through this bankruptcy potentially. They're going to have to figure out how to, you know, and that they're gonna have to value if and like Brad Garland, I was just saying, well, there's been considerable gains on those shares. But the question is in a settlement, do you get the gains on the shares? How are they going to settle out? Are you going to get 50% of your value? Are you going to get 60? Are you going to be able to get 100%? Are they going to be able to pull all that together? You know, so there, there's a lot of, you know, big questions that are going to be hanging out there. So. All right, let's go into, I want to look at some of the commentary here and then we're going to get into some of the things that Deaton had said as well. And there's, there was a comment here. Let me pull it up. Let's see. And Jungle, I think Jungle Inc. Was actually logged in here. He was going to try to make it on with us, but he was not able to to make it on here tonight. So that would have been awesome to pull him in and, and kind of get, go through and, and talk to him. So Zed was saying. So pretty much only accredited investors. Yeah, I think if you were accredited and you were able to. But it was interesting too because in the beginning they were saying you didn't even have to be accredited or you had to be accredited. And they were somehow gaining around the system and I think non accredited investors were, were somehow getting in as well. So. All right, let's, let me just pull this one up. Let's see. This was, this came from yesterday. The, this was Jungle put this out. Link to bombshell. Criminal charges incoming. John Deon just dropped major updates and we're going to go through that. But this is a nice summary of everything. Indictments expected. SEC and DOJ involved 18 to 19 million dollars in Ripple shares sold without investors permission. So again if, if you have a representative share and they're selling it, you know, where, where does that all go? Garlinghouse once blocked Ripple sales to link to. We just read that bankruptcy likely within two weeks. New management three of four security laws violated Funds still held by link to no creditors. Investors didn't own Ripple shares. They held units and SPVs. But ripple can't have over 2000 shareholders. Meaning SPV units does not equal direct ownership. SPVs may have been mishandled. If so, shares could be commingled and up for crabs in bankruptcy. I mean it goes from worse to, to worse unfortunately. 3500 to 4000 non accredited investors in Ripple SPVs alone. Major legal, legal questions. Should non accredited investors get cash back but no upside? Should gains in circle offset losses in poly sign? Should illiquid shares be fire sold? If legal battle dries on value could evaporate. Bankruptcy will expose more details. Stay tuned. And it's just unfortunate, you know, that, that we have to witness this and we're going to see people, you know, getting dragged through the mud, you know, in terms of the investors. You know, it's one thing the, the company's doing it whether, you know, it's kind of purposeful, they get caught up in it, they get over leveraged. You know, something was happening, you know, whatever the situation might have been. But here we are, you know, we're sitting watching, watching this unfold once again and you know, and it's, it'll probably, you know, resurface again. We'll probably see instances like this happen again unfortunately, you know, and there's always going to be lots of FOMO going on in the space and you know, people wanting to jump into things like this chip. I'm afraid to talk to you because maybe that's what it is.

[Chip]

I'm just waiting for it to crash again. I searched everywhere, man. I can't find out anything. Look, I got 200, 120 gigs of.

[Jeff]

RAM and here's the thing right now, my, this tap and I think you're right, it's using too much memory. I'm using 1.1 gig of memory usage right now.

[Chip]

There might be a memory leak or something going on Chrome or something because, because I just went and clear because I see so many like, I see like I've got 128 gigs of RAM. It's using 40 right now. 40 gigabytes. 40 gigabytes, that's a lot.

[Jeff]

Oh, and There he goes. We lost him again. That's a lot. 40 gig. That's insane that he's burning through 40 gig for chrome. He should shut down all of his tabs. He might have too much open. It could be what it is, maxing out the max capacity, the flux capacitor. All right, so now let's go through Crypto Eddie. I like kind of going through and seeing, you know, people's thought process on this. It would have been nice, you know, Chip and I could have workshopped it a little bit further. But let's add Crypto Eddie's post to the stage. This one super ugly link to update. And again, when she called this out and we go, we'll go through and we'll find the post where she called it out. The cfo, you know, of Ripple, Ripple of link to had resigned. And then it was crazy to see how a couple YouTubers went after Crypto Eddie for talking about the CFO that came out. And, and they, you know, without any clear evidence on their side, you know, they attack Crypto Eddie. It, it's really astonishing to me, you know, how this stuff happens. But I think what people, you know, and it's kind of crazy, and I put a post out on this as well, is that people seem to forget that people are so focused on, on sats and drops and, you know, everything else that's going on within the XRP and, you know, chasing the dancing bears and, and the riddles and things of yesteryear. You know, we think back to 2017, 2018, and then the focus on everything that's been going on with the lawsuit and then the focus on, you know, bitcoin maxis and they, people think that we're in this tight community that all these other extraneous laws, you know, don't necessarily adhere. And yet, and they say things and they do things and they get involved, you know, and it's on YouTube and, and now we're seeing, you know, man, this is just, this is just crazy. You know, it's, it's insane to see this unfold. And now with the doja, you know, actually having to get involved in it, you know, and the SEC is going to have to get involved in it. You know, we're going to see a lot more focus now. You know, the focus here again, you know, we, we see that the Celsius, there's a Celsius tether lawsuit getting ready to move forward. So that hasn't gone away yet. So we have Celsius and tether going at it and then we're going to see this major thing going on with the ling to battle. So now all of the news is going to be resurfaced again. There's going to be a lot of focus on these types of platforms. A couple years ago there was a lot of focus on Robin Hood, the way they were doing things and they got very introspect into their business practice that it wasn't going to be kosher. And then there was some concern that their platform was going to go down because of some of the things they were, they were doing. But this one, you know, with link to and it's just so evident, you know, right now with a CFO when he came out. But, but let's get into this one that she'll talk about a little bit. With bankruptcy coming in days expect customers will likely be transformed into unsecured creditors who will have to wait in line to get paid. I mean, this is just, you know, again, just bad news, you know, in the fire, you know, and it's really sucks because there's members of the community here that, you know, had bought shares on there that got involved because it looks legit. And then you have YouTubers, you know, pushing FOMO further into it and you know, promoting the heck out of them. And then you have to bring that into question, what was that all about? You know, and then why did they go after Crypto Eddie over when she called him out? And what exactly is going on in this space? You know, we can't be so centric and, and egocentric and maximalist in, in the thought process here. But let's look from boiler room sales, sales tactics to selling to customers in Iran and North Korea. There were many more violations in between. Man, this. And she brings a snippet here from an email. This is guerrilla warfare. Take no prisoners. Throw everything we have at this one Target date, influencers, marketing ads, social calls and smoke signals. This is an email from Bill Sarris on June 5, 2023. So a couple years ago, she goes on to recap some of the highlights of the article. Link to Founder Bill Sars was trying to unload shares of Ripple to link to 11,000 users at a price 60% higher than paid. The SEC generally prohibits markups above 10%, but Sarah's pushed ahead, not disclosing the hike to the customers and pocketed $2 million. Now this, this is massive, you know, and she's putting this out there. There was an article that referenced it and she, you know, she's talking about the article this is bad. And it goes beyond bad. Imagine you pay 60 higher. Yeah. So now, now we're looking at price gouging. The whole thing with North Korea and Iran is a big deal because those are sanctioned countries. So if you're caught selling shares within a sanctioned country and you're doing business within the sanction country, that's definitely a major issue. It's a huge violation. This looks to be securities fraud. The SEC and the GOJ are also investigating whether Saris improperly sold an additional 16,000 shares of Ripple without permission. Now, just because they're investigating doesn't mean that it was done so there. They say it looks to be security fraud. They're investigating it. They want to see if this really happened. So obviously the, the jury's still out us, Right? Based on our Constitution. Right. You have the. You're innocent until proven guilty. So there's going to be a lot of things that are going to be said. You know, we've seen a lot that's already come out on it. We can don't even have to just jump to a conclusion. We can kind of identify and see even through some of this, the improprieties of what had happened, you know. And so it's going to be very interesting to see how all of this kind of un. Unfolds itself and unveils itself. Boiler room sales operation, in its rush to sign up more users link to also pushed other boundaries. Buy an email list that contained prospects for from Iran and North Korea. They signed up roughly 100 customers who said they were from those countries. According to people close to the situation. That's bad. And especially if they knew it. If they knew, if they didn't know, you know, but I would assume, right, you're doing your, you have to do your know your customer, right? You have to do your KYCs and you have to do all the, you know, different things that, that are. That are involved with that. So, you know, what's. What's up with that? Right. Art on the lake. Exactly right. Unless you're a J Sixer, then there was no innocence to prove it was guilty, to prove your innocence. So that was, you know, obviously the corruption of our, you know, political infrastructure. Crypto. Bird dog said, I've been gone for a while from the space and Wow. I tuned into some bombshells the day you picked to tune back in after all this time. We haven't seen you and this is the date you tune in for big bombshells. Oh, here you go. Chip commentary from Mark. Disable extensions in Chrome clear browsing data. If it still crashes, uninstall and then reinstall Chrome. I think Chips. He's frozen in time. He's not even there. He's pretend there, but he's not really there. Man, that really, that sucks. And I think there's, it's definitely. There's something corrupted. Let me see. I'm still at one point. One gig that's utilizing that. The giveaway to on its own is consuming 355meg. That's crazy, crazy, crazy. All right, let's. Let's try to get through some of this. There's so much in here. She just packed it, packed it with information. In 2022, Sarah's urged a manager to increase the price of software company Poly Sign. So it's not just Ripple, right? It's kind of across the board. Poly signed at $3.25 a share to boost revenue by 600,000. We can turn it into a unicorn VR platform, he says in an email. At the end of 23, Linkto learned that Ripple, which remains private, was preparing to buy back shares from customers at roughly 61 each. LinkedIn reached out to customers who were in the black on the Ripple investment and convinced them to sell144,000 shares of Ripple back to the company at an average of 55 a share. So now all they're doing is just, they're, they're. It's insane. This is why you don't buy pre IPO from a company like, like, I mean, this on its own. If this is 100% factual, you know, based on what's written here and how it's been stated and, you know, from the emails, the fact that they're setting their own price, they're doing, they're just, you know, it's amazing to just negotiate over shares. There's no regulatory. No regulation, no. You want to talk about not being in, in. In defi. You're basically just relying on them. Whatever the valuation is, they're setting their own value. It's crazy to me to see, you know, how all this stuff is happening here. It then sold them all to the crypto company at the higher price, booking more. So now they know they're treating it like any other commodity, basically, except they're the ones, they're just negotiating the deal. They're like, all right, Ripple, how much are you going to pay for. You want to pay 61 now they want to buy 100. The company should have gone to their investors and said, hey, Ripple's doing a buyback of 50 of 61 a share. Nope. They said no, they're going to do a buyback of 55 this year. So, so that's their, that's their claim. So now they're, they convince them they're making $6 a share. It, you know that, that to me just doesn't pass the smell test on its own. Ahead of the deal, linkedo hired an external law firm to conduct a review of its business practice. The law firm came back with a damning 18 page memo written a few months after the ripple spike day warning the company that it was potentially violating federal laws including anti fraud provisions of the U. S securities law. The external lawyer advised Linkto to immediately cease charging markups for shares. Yeah, that to me, I mean that's on its own. I mean come on. That, that's just crazy. It just, this is just crazy to me. You know as we, as we dig through all of this. This is all in the Wall Street Journal article by the way that she's, that she's posting this from. So it was all in the Wall Street Journal. Again you know, assuming that every aspect of this is 100 spot on and accurate. Linked to his own lawyers were also sending warning signals in an eight page memo they worried that its tactics were potentially illegal and outlined roughly a dozen recommended changes including no longer allowing its customers to self certify that they were accredited. Can you imagine how do you self Certify? I mean. 0kyc 0kyc so you're self certifying that you're a credit. I mean how they want to, you know, just pretend like again you know this how non accredited investors ended up going in because you can self certify yeah, I'm accredited. And then you go and you buy your shares but you're not even buying shares. You're right, you don't even, you don't even hold anything really. You know it's really just amazing you know to see exactly, you know what, what's going on here. It just, it's staggering. Really, really staggering to, to see this really is. Oh you know what, I had that, have that set up as though Chip was there. So then we're gonna get into John Deaton's post because John Deaton talks about it as a cluster, you know what cluster. So a lot of, a lot of stuff going here. Let me dig through. Then there's the, the lawsuit up in regards to. This is, this is massive. Also we'll get into the Deaton thing here in a minute. Hang on one second. Let me allow this. This is on decrypt. Let me put this over here. This. We're just gonna kind of segue back to the whole thing with Celsius. Come on. So here we're talking about millions of dollars, right? A lot of money over with the whole link to thing. Unfortunately I got all these ads popping up, but this is bankrupt. Celsius wins, right to pursue 4 billion dollar lawsuit against Tether over alleged improper liquidation of 39, 500 Bitcoin held as a loan collateral. So another problem, right? So all of this stuff going on, this is the problem. Without true regulatory clarity in the space and there's still laws on the book that will apply to all of these different things. But there's no, there was no clear path, there's no, hey, here's your roads, here's your stop signs, here's your green lights, here's how you drive, here's how you orchestrate, here's how you're supposed to do things in the crypto space. All the other regular financial laws still apply, which is why a lot of these guys are getting caught up. But because there's no specific clarity on it, these guys are doing all sorts of things with the loan collaterals with you know, rise and and fall of, of valuation and they're doing right, regular traditional lending and borrowing and all these different things that when you look back in, in retrospect you're like, man, what, what in the world was going on with all that? Now if you're just staking and they were supposedly the lending was going to be, you know, to bigger companies, short term loans and it was corporation or whatever. And you know, they're, they're charging the interest on the short term loan and then they're paying and they're distributing to those that were staking. You know, so this is where some of the, the, the money was coming from. But we look at this 4 billion dollar lawsuit, so Celsius obviously has a lot of money they need to collect. They still have a lot that they have to pay back. Like I said, they paid back like 60%. You know. So here it is like back to back to back. All these, you know, problems that are going on in the space. Some of it, you know, caused that was kind of self caused and some of it that was scam caused and then some of it, this stuff's going to happen in the space, just in general, it doesn't matter which direction you go. You know, happens in the regular markets. It happens in these types of markets, happens in Penny stocks happens in commodities. You know, people at the end of the day are going to be people and they're going to manipulate products. Doesn't matter who they are, you know, they'll find a way to manipulate it. But I think some of these people got into it, didn't anticipate these big highs and lows of everything, and they try to do things kind of reinventing the wheel again. Operating outside of the norm of a regular mainstream financial system, you can't operate, and this is what we've always said from the beginning, in order to get true mainstream adoption, you have all these early adopters in the space within crypto, but without a true, true path of clarity in this country to say, here's the rules, here's how you operate, here's how things are done up. It's still somewhat the Wild west and all these, you know, bigger institutions are trying to get in, which is why now there's this massive push to stable coins, because you can get in and you can fit the stable coin easily within traditional mainstream financial institution. And, and now you can utilize the benefit of blockchain with a stable coin, the speed of transaction, moving of money, moving of, of a pegged value to the US Dollar, allowing other people in other countries to trade and have an asset or that is valued at a US Dollar without having to look at all the different foreign exchange rates, which has been problematic. And now you can quickly, you know, finalize a full transaction and you can have a realized transaction. It doesn't just, you don't have to wait, you know, five days or 10 days or whatever it is to hopefully see these third parties are settling the, the money movement until things happen, all these problems. And we know all of that stuff. So this is the direction they. There's this desire, this passion for Main street to be able to adopt this technology. And yet stuff like this is happening because they're trying to operate like, like legitimate financial institutions and they're not there yet because there's no rules that are binding them specifically to saying, here's the rules of the road for crypto. Regular laws apply, you have to do kyc, you have to do, you know, all the other different requirements of a regular company moving money and handling other people's money and selling people products. You can't gouge them, you can't play all these games, you know. But here's. Despite the ongoing litigation, Celsius has already distributed 2.5 billion to 251, 000 creditors since January, covering 93 of all claims so they're not giving, they didn't give a hundred percent back. Again, when they get to a point if they can collect their 4 billion, if they can get that back up and, and they could, they'll have more money to distribute back to creditors. And I think that that would be really, really critical. At least these guys, I mean through bankruptcy, through the courts and everything, they had an opportunity to move in that direction which, which is important. Let's make the, the investors and the holders whole, you know, figure everything else out. But that's like number one on the agenda. They should all be on board with that because they're all benefiting from this. Tether is benefiting from it. Celsius was benefiting from it. FTX benefited from it. Linkdo is benefiting from all the people that were investing and using their platform. But here we go, you know, so this is, this will be big. We'll see exactly how this pans out. Martin Glenn, chief U.S. bankruptcy judge did grant some elements of Tether's motion to dismiss. The these include Celsius allegation that hinge on one of Tether's subsidiaries being based in Virgin Islands, therefore subject to the duty of good faith and fair dealing, blah blah, blah. So you know, there, there is that. I mean it's like, come on, you know, this, this is just one more, one more aspect and, and then we, then we're going to dig in, we're going to look at before we, we wrap anything, we're going to get into John Deaton and we have to see exactly, you know, what's good, what, what he saw, what he talked about because he went on live. Some of this stuff that we're gonna see in here is what Crypto Eddie talked about as well. But he's going to dissect a little. I think this is really important for us to get into and, and look at as well. So let's see what do we have here? We only have 10 entries right now. Let's take a little bit of a, a break. We're 42 minutes into this. Unfortunately Chip couldn't be here with us. It would have been so much fun to dissect and do this something, you know that. Look at that. There's Chip again trying to come in there. Maybe he de installed and reinstalled Chrome. Maybe he got rid of his extensions.

[Chip]

Hey, Chrome so much man, I really.

[Jeff]

Do you get rid of it and start again?

[Chip]

No, I would take me an hour and a half to set settings back.

[Jeff]

That's what Mark and He said get rid of some of your extensions. I would say close every tab except for one tab.

[Chip]

I did that too. Killed all my cash, did all that stuff. So I know something wrong with Chrome. Something's wrong.

[Jeff]

I think so. Yep.

[Chip]

I got 120 gigabytes of RAM. It's not that, it's not the memory.

[Jeff]

But it's using a lot of it though. What did you. You said it was using a ridiculous amount. Like 40 gig. That's a ridiculous amount. There he goes. That's why it's bleeding. Should use like one gig. I think that's too much. All right, well, let's do this. While unfortunately Chip is going to try to get in and maybe not get in, but we got this little bit of a treat. So get ready with your yetis. Make sure throw that in there. We've only got 10 entries so far, but let me put this song up. Enjoy this one minute song and then we're gonna go into the whole John Deaton thing. Hang on. Hang in there. Hang tight. Here we go. Radio from the blue truck. Word of the day. You got your salmon wallet ready? Why? Cause this is going to be epic. It's time. Time to claim your legend. Blue Tribe Yeti of the clan Mentalist. His name G. Let's go. What I On the chain. Badass. Yes. Born for battle, made for legend. Claim yours or be forgotten. Badass Yetis on the chain, on the chain, on the chain, on the chain. All right, there you go. Badass Yetis board for legend. There you go. Man, you gotta love that one. I love that song. That one came together so nicely. Doesn't takes multiple iterations to perfect those songs. Kind of always kind of fine tuning in to a slightly different genre so, you know, make it a little compelling and exciting. So it'll be very cool. And chips, show me page one of the new, uh, iteration of the badassery website too, which is going to be pretty kick ass. So. All right, now we're up to. We are up to 12. 12. Come on guys. What do we got here? We need some more. Need some more. All right, let's go into John Deaton here. And we're going to be going to. Where is it? All right, let's dig into this. We'll kind of scan through it because we already know a bunch of what was happening. But for those that don't know exactly what's happening, link dupe caught up in what John Deaton wants to refer to as a total cluster. So he's going to go into imminent bankruptcy 14,013 to 14,000 linked to customers man. Amazing. About 11000 bought this special purpose vehicle, the SPV. And I've seen, you know, others have, have utilized the SPVs, but come on, LinkedIn wasn't a legit, a legit stock broking a stock exchange or it's not a legit Fidelity or whatever. Wells Fargo or one of those types of platforms didn't even meet the, the same. Didn't come anywhere close to a, to like Robin Hood. Robin Hood again had some of its issues but they're doing all this stuff. It's like, come on, you know, they're selling to non accredited investors. 4, 500 non accredited investors. This, it's, it's insane. Like again on a level that I don't know that we've seen stuff like this happen before. Just like the lawsuit against the SEC with the gman Gary Gensler, you know, I don't think they ever saw 70,000 plus investors participating in a, in a suit to intervene and get involved against the sec. I don't think that we've seen so many, you know, aspects of history being met. You know, we have this whole new financial infrastructure being built out as well within the blockchain and decentralization. All the things, all the positives, the direction it can get to, then you're gonna have all the, it's not going to just happen. The power brokers that be aren't just going to say hey this is awesome, let's just let it happen. We've seen that over the, the past number of years how they've really tried to stop it, but then things like this are going to pop up. They see an opportunity, they know they can gravitate and, and launch into the fomo and they came right to the crypto community because they knew the crypto communities were, you know, a little, they're passionate and they're investing and people over the past number of years people have learned things that they never would have ever learned before when it comes to the financial, you know, financials and economics and investing and, and all these things. But it almost, to me it feels like they were definitely involved kind of taking advantage and there were some influencers out there that were definitely taking advantage of their followers because they were getting direct compensation to then promote knowing that there were some things happening. You know, when it all came out and again when crypto Eddie was attacked and, and it was revealed that you know, the CFO came out and had some interesting things to talk about and yet they, they went after that, you know, I mean, there's just so much, you know, there's just so much to dig into and, and you can't, you know, we can't have this in our space, you know, you can't have so many of the, you know, crypto community being taken advantage of. And it kills me, you know, because I see these channels and they, they have so many views, right, and it's stacked the way YouTube wants to promote it, but, you know, they, they built amazing audiences, you know, but. And you've got these people that are, that latch on to their every word and, and, you know, and then to get involved in something like that, so you have to be so careful, you know, and it's difficult, you know what I'm saying, not to say they, you know, purposely, you know, but to look at what was going on and then attack other youtubers that are coming out and revealing certain things. Just don't say anything, right? Just stick to what you know. Just talk about your stuff. But if you're showing the product and you get caught up in it, you don't know what's going on behind the scenes. If you're just, you know, promoting them as a sponsor, you know, you don't know what, what goes on in their dark rooms, you know, you're not privy to that kind of information, you know, but as soon as that information comes out, you better say something about it, you know, and, and there has to be some form of a statement. You can't just ignore it and pretend like it never happened. You have to come out and say, hey, here's what I found out. Here's why I'm no longer willing to talk about this company. Here's why I'm not going to represent and have them as a sponsor or whatever it might be. I'm not just singling this out, but just in general, you know, you have to have the decency to do that. And it's just the audacity, you know, of, of not doing that is, is just so revealing, you know, and it's just, it's just crazy, you know, crazy to me that, you know, that that has happened. So here's John Deaton said, I'll relay everything I know and what everyone can expect and answer any questions that I'm able to answer. Tomorrow, 3pm and what you learn is what I've been informed. And it'll all be very public soon. And that is the money people invested and almost all the shares that would be in the SPVs are in fact there. That's a good news. The rest sucks. So hopefully, you know, there's a good path there. You. There's another one. Crypto Bird Dog. Yep. And we still play the whole big connect thing. I mean, think about how many we've had to go through. And think about the exchange up in Canada. I can't remember the name of the exchange and the guy supposedly died when he was in India and he happened to be in the one part of India where all these other people happen to go and die with all their money. You know, they all come over there and they die there and yet they never come back. You know, and it's. But he was the only one that had the thumb drive and, and the keys to the entire exchange over in Canada, stuff like that. And, and bitconnect and man, there's so many. Just so many things that have. That have happened. BitConnect was, you know, one of the fun ones to talk about. At least now John Dean said. Disclaimer I can only share what I've been told. I've seen some documentation that verifies and corroborates some of what I've been told. But I know this as far as management previous or current, I am not on any side. The only side I'm on is my fellow customer side. That's. I agree with that. Because you don't know. We don't know specifically. And, and he's looking and making statements. We know the facts of what happened, but the inner workings of it. What exactly happened? Don't know, you know, don't know exactly. And it's all going to wash out when it comes to. When it comes to trial. And, and that's going to be the biggest part of it. This, this is what, you know, kills me. And they're, they're bringing up, you know, the SPVs. You know, the fact just the way it was all orchestrated. I mean this is just killing me. You know. Riz here court doc show se attorneys told federal judge account was personal to get asset freeze their own filing. I mean there's all sorts of stuff just after thing after thing that has. That's happened, you know. And it's just man, the fact that we're going to witness this and kind of dig through this and watch it kind of unfold in real time is. Is crazy. Crazy, Chip. Crazy stuff.

[Chip]

It is crazy. Looks like I'm retiring from podcasting. I'm done. It's over.

[Jeff]

It's over.

[Chip]

It was a good run. I loved it.

[Jeff]

Uninstall chrome and re Redo it.

[Chip]

No, I, I'm now in Firefox.

[Jeff]

Oh, there you go. Firefox.

[Chip]

Because it's something, it might be something with Chrome. My memory leak.

[Jeff]

I think it is a memory leak.

[Chip]

Because I, I disabled every extension I disabled, but I didn't install any new extensions. So it's weird.

[Jeff]

Yeah.

[Chip]

So I don't know.

[Jeff]

Yes.

[Chip]

I don't know what's going on with Chrome.

[Jeff]

Jim D. Said so many YouTubers promoted, just buying blindly promoted them for a few dollars in revenue and just, you.

[Chip]

Know, they're making tens of thousands of dollars a month just so, you know, got it from a good source, sometimes up to 15k, 20k a month. So that's what you do, you sell out your community. Like it's a fine line. Like Jeff and I would love to get paid to do this. Unfortunately, sometimes we have to. It's getting close to the point of where you got to put money in because. To pay for everything. So unfortunately. And I know that. Look, I, I get it. You want to be a full time, you want to do this full time, you want to get out there, you want to create, you gotta. Well, we, we do the, we, we do funny, you know, thumbnails because we're goofing around. When you actually get to the show, it's, we don't actually talk about that or we goof on it, but there's, you know, it's a fine line. You want to make money, but, you know, how does that, how does that end up working out for you?

[Jeff]

That they sold out and then crying about it and playing the victim and that's exactly it, you know, such a solid point right there.

[Chip]

That's exactly the way it is. Well, it was funny because I heard, I heard one of the influencers who was, was talking about what these, some of these, these posts out there, like it had never, they've never seen it before. Like, oh, look at this. And then John Deaton said, I'm not taking any sides, but I'm on the side of the people who are, you know, have actually purchased their link to. I'm like, well, that is a side. And then this influencer took the same side. I'm taking that side. Okay, well, the thing about it is the SEC is funny like that because the SEC has gone after influencers by promoting stuff, you know, especially if they had knowledge and especially if there's discovery involved. So Jeff and I were approached on it. Jeff and I didn't feel, felt. We didn't think it felt right. We just thought There was something going on. It just never seemed legit to me. Always seemed a little something wrong. And it was funny because somebody posted something from 22, maybe it's 2122 about. And they actually posted about the. What's his name? The Valley Capital. The, the that it was going to go to $10,000 now.

[Jeff]

Right?

[Chip]

You're not, you're not a legitimate org if you're posting and calling that a report and thinking it's legitimate and getting that out to folks. It's just not unfortunately. So Jeff, it looks like. Hang on a second, let me find some wood. I got some wood. There it is right there. I'm knocking on. Seems like it's Chrome.

[Jeff]

Good. It is Chrome. It's definitely Chrome.

[Chip]

Something's up with Chrome. You know it's funny because it didn't update the other day when I started having those issues. So you know how it updates like, you know, we have to update. And I went and I don't usually like to do the latest update for that very reason but I was on Google Meets which is browser based video. I was on Zoom Calls today. So that's how I know it's something with Chrome. There's something going on with Chrome. It's itself.

[Jeff]

Yep. Oh yeah.

[Chip]

Fortunately all my settings and all my things are chip.

[Jeff]

Look at this. So these are the experts regarding link to. You got to be careful as well. You know too many people make too many statements like, like you just said XRP going to 10,000. XRP is going to be back by gold. XRP is going to be the official currency replacing the US dollar. XRP is going to be the official currency of bricks. XRP xrp. And we've heard these influencers repeat these types of things over and over and over again. Yes. You know, and doing it not facetiously saying yeah, XRP to 10,000 or yeah, XRP is going to be the backbone of bricks or XRP is going to be backed by gold, etc. Etc. Everybody knows, hey, it can't be in any of those scenarios. It's not going to be. It can't be and it won't be. But yet you know they, people want to believe it. You know, I mean it, the passion of it. I get it. You know people want to see the asset go. But that's the FOMO and that's what they're. They're feeding the FOMO and these companies feed the FOMO and we, we have fun. We get into the riddles. I remember 2017, 18, 19 when the riddles and all that stuff. It was fun, right?

[Chip]

The riddles were fun.

[Jeff]

Yeah, they were fun and it drew us in. When, you know, when moon, you know, when is the switch going to be flipped? When is all that stuff. When we get mainstream regulatory clarity. That's when the markets are going to really start to grow. Bitcoin is the only asset that has global recognition right now. It's the only one XRP is, is second or third. Ethereum is up there because of everything they've done. Bitcoin's going into countries, treasuries. Bitcoin is going to go into the US is in the US Treasury. You know, Bitcoin is. There's a lot of talk in and around Bitcoin. You know, then XRP is going to be in that space. But we need, there needs more. We need full development. You know, this is where Chip Mainstream is going towards stable coins right now. And they're passing legislation on stable coins. You know, they're not passing legislation on making XRP the official currency to replace the US dollar, you know, but yet people made it sound like it was going to happen by the end of 25. We're not even going to get proper regulatory clarity by the end of 25. It's probably not going to happen until 26. You know, when it, when these laws pass, they can't even get the big beautiful bill passed yet right now, you know, and, and you know, the tax and there's all these, you know, inner workings. Government works slow. It doesn't work fast on purpose, you know, and so all these things have to happen. There's, there's just a lot, Chip, a lot going on. And this one, Chip, you know, this whole thing, as I said during spaces, anyone who claims they know exactly what will happen in bankruptcy is either ignorant, lying or intentionally spreading fear, causing innocent people to stress more than necessary. Right. And that's even more. It's like, come on, nobody knows what the judge is going to do. We don't know exactly how it's going to pan out. And Chip, that's why earlier I was talking about with Celsius, they were, you know, through the judge, they ended up giving back about 60%. They didn't get back 100 at a lower valuation. You know, not.

[Chip]

What's the story about tether? The tether lawsuit?

[Jeff]

Yeah, we talked about that a bit.

[Chip]

Okay.

[Jeff]

What do you think about that? I mean, that's, that's good.

[Chip]

I think it's good.

[Jeff]

Big news.

[Chip]

I mean, the liquidation, I mean, look at that. Liquidation would be worth today. It could almost make everybody whole. So, yeah, you gotta. And, and Tethers has the, has the funds to be able to pay that maybe, who knows? I mean, not that they would win it all, but it's good that they're even doing that. Yeah, I mean, stable coins, the only reason they're doing that is because of the USD. That's it. That's the only reason. Doesn't help anybody out. But then you saw that the SEC just paused one of the ETFs. And I was like, well, that's funny because the new SEC sounds a lot like the old sec. And the only way to kill the nec, get them out of crypto forever. Because it's like socialism. They go like, well, socialism didn't work with the last 40 people that tried it. But if you do it our way, if I'm running it, you know, I'm going to explain how it works. If you do it my way. This is the sec. Get the SEC out of crypto, pass the legislation, they're done. The CFTC takes over and they do nothing anytime. It's a security. When it's, when it's being sold a certain way, which is like what Ripple was selling institutions. It's not as a security. Great. You can go in and register and do all that, but get them out of it. I don't care what sec. All government's bad. It's bloated, it's ridiculous. We don't need 50 government agencies. Get rid of them all. Run a small tight government. We don't, we don't need it. It's just everything gets so bloated and stupid. You know, crypto mom thought she was looking at. She's so wonderful and wonderful and meanwhile you got a new guy and there's pro crypto and they can't figure anything out. So it's, it's not Gary Gensler, but it's pretty much the same result. So what, what good is it? It's useless.

[Jeff]

Exactly. And this came in earlier during the my diatribe, but Dan Smith, thank you for the support. Tokenized shares on the way. And I agree with that. Tokenized shares. A lot of talk about, about tokenizing shares and securities that's exciting to me. Now we're going to see that's mainstream adoption, step by step. Chip tokenized shares, tokenized real estate, and then everything else. Those are the two big assets that, you know, we need to see change.

[Chip]

You're gonna have. I can't share my screen otherwise I gotta bump up Again, So you're gonna have to do the giveaway.

[Jeff]

Oh yeah, I've already got it in. It's already set up.

[Chip]

There's only 10 people there anyways.

[Jeff]

There's 16. No, we got 16.

[Chip]

This is amazing. So it was totally chrome.

[Jeff]

Yep, it was definitely chrome. Yeah.

[Chip]

Screwing up.

[Jeff]

It is that time. So what is this here, man? John Doe we got. All the OGs are popping in tonight, which is great.

[Chip]

Those always here, so.

[Jeff]

Yeah, I know they have to do it. No choice but to bring the dollar first into the new realm. It's either win or lose based on being first or not given dollar issues. Come on. That's right. Us, usa. That's it. That's a fire up. Anybody else in any other country, but your country's first too, you know, but we got. There's a lot going on. You know, we gotta worry about how we're going to keep the whole, the whole world afloat here. But RL USD will preserve the dollar as the world reserve currency. Yeah, you're gonna see a lot of movement. It's gonna be interesting.

[Chip]

They all will. If you look at the ones that are the most, I would say the most popular and successful, I mean, I know the EU just launched one, which is great. You know, you definitely. There's plenty of room for everybody. But the USD, this is, it's. I mean, the funny thing is, no matter where it is used around the world, and especially with the fact that it's going to be able to, you'll be able to send it anywhere and you know, whether you're using Circles Network or using, you know, Ripple, it doesn't really matter. The, the bottom line is, is that it is going to be. It's bringing back the dollar, right?

[Jeff]

It is.

[Chip]

It's going to bring it back. So that's, that's the good news. And, and Jeff, you know, we don't hear much about bricks anymore. Isn't that funny? It sounds so familiar. See, like if you listen to the things that we do talk about and we talk about politics and geopolitics, Jeff and I said as soon as Trump comes in, you're never going to hear about bricks again because it's done. China wanted it to be their currency. Brazil wanted them to use their. They're all fighting. Their countries don't even really like each other that much. But they had one unifying sort of statement which they hate the US more. So, like trying to figure out a way to kind of, kind of get together. It's kind of like when enemies unite Take on a common enemy. Then there's a lot of infighting and a lot of, you know, unrest and stuff. So that's kind of what happens. But yeah, seriously, what have we heard about brick since January 20th?

[Jeff]

Nothing. It was stupid. It's not even a trading. It's not. If it was a trading block. They want to give each other incentives. They're not going to do that either. With the whole thing with the new tariffs and stuff. None of these countries really are impassioned. Brazil. Think about if you try to enter the Brazilian market with your product, it's extremely difficult. They give number one for any. And when you go into Brazil, they think about indigenously made product number one. Then you can think about other stuff. China's, you know, to get into that market is going to be difficult. You think India is going to buy from China? Like, what do they need from China that they don't already make themselves at a, at a low, at a low price point? So those two countries aren't trading with each other's necessarily and they don't really like each other, you know, completely. And so, so you have Brazil and then you inject Russia into the mix. How did Russia get in? So Brazil, Russia, India, China, and then how, how does South Africa fit it? And this is what we've talked about for. It's a mess on its own. What are they doing in this mix? You know, for them, hey, if they can be boosted economically and try to get out of their political disaster that, you know, it's going to become a war torn nation, you know, the same that we saw Zimbabwe and some of the other countries go through, they're going to have to go through that same type of turmoil in South Africa. And I don't, I don't know how they recover from that. You know, so what, you know, so I don't understand why these other countries even invited them in. What do they need them for? It's like, why? Why? You know, maybe because it sounded better as bricks made it sound plural. They're like, what? We got brick. But brick is, you know, sounds like it's going to float to the bottom or sink to the bottom of the ocean. We need bricks. We need something solid with a plural sound.

[Chip]

Well, it was made up as a joke like 20 years ago. One of these professors coined it. And you know, it, I think again came from a professor with the last administration there was. You can see visionary stuff happening now. Whether it's successful or not, it's another story. Right?

[Jeff]

Yeah.

[Chip]

So you can say like well, but at least something's being done, right? That's why I look at. If you think about the tariffs people were down on the terror is going to cost mass inflation. How is it going to cost mass inflation? I had this argument with a bunch of, you know, people from the UK that always like, well, good luck, enjoy Chip. You'll be paying more for the products. I'm like, no, we won't. You're going to eat it. You don't want to know why. Because they'll buy it somewhere else. They'll use something else. You either eat it. And how do we know that? Because the first Trump administration, the very first tariffs were placed on China. And what was the story back then? You're going to be paying $3,500 for an iPhone now. The price of iPhones never changed. Even though there's a massive tariff. You pay to do business and you're going to eat it, you're going to, your margins are going to be slimmer, but you're not going to change the pricing on it because people will just buy something else. That's how it works. It's supply and demand, it's pricing, it's the basic economics. And a lot of people can't get that through the heads like, you're going to pay more. It never happened. Even with China goods, nothing changed. They definitely want to put their product here. Everybody wants to put their product here. You have trade imbalances. And so, you know, $88 billion out of. And the funny thing is, Jeff, it didn't go into the treasury, it didn't go straight to the Fed. Right, because you know all, all of that. Because the money that comes in, it's different than the money you borrow. Right? So this whole debt system, I actually think Trump's trying to collapse the Fed. This is what's going to happen. You're going to see the Fed go away. It's going to take Congress to basically end it. But I think Trump can make some moves. But the Federal Reserve, you don't have if you're debt enslaved. People always talk about everything else. The Federal Reserve is a joke, man. It's just enslaved. Borrow a dollar and then borrow another dollar to pay interest on the first dollar. So I think once an audit happens, I think we're going to find some pretty sad looking stuff. Way worse than usaid and a lot of things that happened. Think about it, Jeff, just imagine how much tomfoolery has gone on there. If you can press a button and just mint a billion dollars. Where do you think that money's been sent probably to countries that hate us funding terrorism? We already know the last administration was funding terrorism and funding bad actors. And so when you cut all that off, it's funny, everybody's also, they can't breathe, there's no more oxygen.

[Jeff]

It's funny how people got in line. The whole world's getting back in line. We're gonna have just, everything is just going to operate smoother and it's going to operate the way it needs to operate. Can't let people just go crazy.

[Chip]

Well, Jeff, look, I mean you got to look at what happened in Africa that, that those two countries came to the White House, signed an agreement, done, put the rest. Now you have with Israel and Hamas. Well, it's up to Hamas, but done. And the other conflict between Russia and Ukraine would have been solved. But Mr. Mr. Wannabe President installed president wants to keep going on. But you want to know what's going to crush them? There's no funding. The funding's gone. The other countries are not funding them. We know what they fund, you know what they state, you know what they, they're sending parts for jets, they're not sending any more weapons. So it's going to be by attrition. You're basically going to starve them out.

[Jeff]

It's got to end. You can't, you can't allow something like this to continue the way it is. And it wouldn't have elevated to the level it did if it hadn't been for the previous administration just allowing it to, to run unfettered. It didn't happen during Trump, but we did see action under Obama, we saw action under Clinton, you know, and, and it's interesting because when the action happened, Russia didn't want to get into a dragged out battle. When it was, when, when they, you know, we had the incident in Georgia, they went in, did what they had to do. You know, it was brief. They showed their superiority or their, they flexed their muscles and they came back, right? And there was a little skirmish. This has gone on wait, you know, with the, the way they orchestrated it and everyone got on the side of Ukraine rallying cry, you know, to back up Ukraine and the disaster that it's created as a direct result. Because it would have been a minor skirmish, you know, Russia would have flexed their muscles. The world could have gone on and said, look, you can't do that. Let's get a settlement, you know, get out, do your thing, Ukraine will do their thing and put an end to it. Instead, we've had this battle that's been going on, you know, just for way too long. And they've been propping up, like you said, the Ukrainian president to just drag it on and, and drag it on. And it's like they wanted this battle going on. It just, it's, you know, it's too much, too much insanity. You know, when there's a lot of other evil in the world that, you know, we, we need to focus on and get rid of and, and put an end to and then let all the, you know, positives kind of, you know, we need to, we need to see the grass grow, you know, the flowers grow through all the ash of the evil that, that's out there. And it's starting. And we had it with Abraham Accords in the Middle East. The Middle east would have been flourishing already, you know, all around the Middle East. Instead, you know, we've had warfare on, on multiple fronts. But all the countries want to get together and they want to have an economic zone, you know, to see where we are. But you know what? The UN fights back. The UN fights dirty because the UN is another money laundering organization. And all of their little committees in, and outreach, you know, all their money laundering scams that, that they have going on. Think about billions of dollars flow through. They're like USAID, the UN's another one. Think about the real estate that they, they occupy in, in New York. You know, let's free that real estate. Well, we got a free New York first.

[Chip]

But a free free New York. Free New York, yeah, Somehow you gotta free. Well, remember those celebrities went over there, over there and they're really concerned. Well, they all got paid. I think Sean got millions of dollars to go over there and pretend that they were super interested to try to create some awareness. Everything, it's like everything we found out was completely Astroturf. Fake, false, phony, just complete garbage. It was just all made up. I mean, this is what's funny. And you always thinking to yourself, well geez, that doesn't sound right. Of course it wasn't right. I mean like, and it's like all of a sudden there's a conveniently where these protests just magically start with paid protesters. These a bunch of bricks. A pallet of bricks shows up. Geez, I wonder where that came from. I don't know. Someone just puts it out in the middle of the street and then they use that, they break windows. And you know, it's, it's all, it's all manufactured nonsense is what it is.

[Jeff]

It is. Tom.

[Chip]

And I just, I, I almost hope, I really hope that some of those rhinos in Congress don't vote for this bill because they'll be primary and they'll be primary. There'll be a out, you know, and that's, That'll be, That'll be fun. But.

[Jeff]

Exactly.

[Chip]

And when people, when people's taxes, when they see their paychecks, you know, get an extra 16 or, you know, 20 taken out of it, they're not going to be so happy anymore. They're not going to go after Trump. Trump's the one that passed it.

[Jeff]

That's right, Jeff.

[Chip]

You know, the Democrats have such. They're so vocally out there, and they said, like, well, the tax cuts are for the rich. Well, that's interesting, because when you control Congress, you could have easily repealed them. Oh, but she's not. Two years before an election. You certainly don't want people missing money from their paychecks. The people that you said were the, you know, the not rich people that didn't get helped. This is exactly why they never repealed it under Biden. They let it roll. They had plenty of chances to. They talked about it, but they just knew the consequences. That's how you know, they're full of. You know what? That's how you know.

[Jeff]

That's right.

[Chip]

All right, let's do the yeti draw.

[Jeff]

Let New York play out, and let's all watch. That would be fun, actually.

[Chip]

I would like to see that Mandani guy is the funniest thing ever. He pretends like he's from Africa and he came from Third World. Meanwhile, his mother is like one of the top Bollywood, you know, filmmakers. And his father teaches, is, is, has a professorship at, what is it, Columbia, One of these schools, one of these New York schools. And he's, you know, someone said it right. They said he's a theater kid. He is like one of those theater kids.

[Jeff]

Yeah.

[Chip]

And then he was so funny, he's like, we're gonna use. We're going to get this money from the government, $180 billion, whatever it was, because they're gonna. That's how we're do the grocery stores. One guy pointed out, like, you, you misread it. Here's what it says and here's what you think, like, when you make junior mistakes like that. I honestly don't think when Adam starts looking like the conservative guy and starts looking like the guy, that makes sense. You know, this guy doesn't have a shot. I mean, no, I just.

[Jeff]

He won the primary is terrifying.

[Chip]

He won the primary, whatever. But listen, he was running against Como and everyone hated Como, you know, I mean, Combo is just a complete ass hat if they had somebody else running. But listen, I don't think he's gonna beat Adams because Adams needed time. So I think what, why Adams wanted more time and didn't run as a Democrat. But also too, he's not getting, he's not getting hammered by, by that because he's, he has been helping with the illegals. He has been making a little bit of turns here and there. Yeah, he's still, he's still liberal. But when I said when Adam starts being the guy making sense, you're like, you look at the contract, you're like, geez, Adams looks like, like a decent guy by comparison, right? I mean, by comparison, you look at him.

[Jeff]

Yeah, yeah. It's crazy. It's really crazy. Elian Tron was saying, hey dudes, do you think there'll be a class action suit by the unaccredited investors? Well, the unaccredited investors, if they self certified, they have a problem. The accredited investors can definitely do a class action. But if there were 4, 500 people that self certified and said they were accredited investors, I don't know how that, I don't know how that works out. How do you go in and say, I participated in a purchase that stipulated accredited investors only and I, and they let me self certify. And you self certify as accredited. How do you have a class action lawsuit when you're unaccredited? How does, how does that even work, you know?

[Chip]

Well, also too, Jeff, the SPVs, if they were set up properly, if they were set up properly, that's a big if because nobody really knows. But if they were, they're insulated from bankruptcy, so any kind of bankruptcy actions. But this guy, the new CEO, comes from a rival company. It's called, what is it called, Nikki? So he comes from a rival company. He's, he's basically a corporate raider. He's. And Deaton, accurate, accused him that on stage of being a corporate raider. But he's, he's brilliant because what he's going to do is he's going to put it in the bankruptcy. They're gonna, they're gonna have Cromwell and. What is it called, the, the old law firm that Hinman used to belong to, Cromwell and Sullivan come in, bleed them dry. They charge ridiculous hours, eleven, twelve, hundred bucks an hour, they get forty. So they just bleed it dry. They just bleed them, bleed them, bleed them into a Bankruptcy, there's no debt, so there's really no reason to file bankruptcy. And again, those SPVs weren't set up properly. Like someone pointed out earlier, they're not shares. You know, that's not exactly what it is. And the whole idea, to me, I didn't get a chance to say this earlier, but the whole idea with Ripple, it's good that Garlinghouse is coming out and saying it, but these would have been private people. This is people, ex people worked with Ripple, got so many shares and then they sold the. Because they can either sell them back to Ripple because Ripple's not a private. As a private company. So they issued their own shares if they were doing it. And I've often. And how many times have we played clips by Garlinghouse and Larson saying they don't have any intention to do a. To do an ipo. Why would they? Yeah, look at Circle. Circle was circling the drain.

[Jeff]

Yeah.

[Chip]

Circle was in big trouble. They are basically making 1.2 million and paying 900, 1.2 billion and paying 900 million to Coinbase. Okay. They needed influx of cash and they got it by way more than they expected. Their CEO became a million, you know, billionaire. I mean, a lot of great things happened that. But that's why you ipo, you need to raise funds. Doesn't need to raise funds.

[Jeff]

And they're not in a position where they even want to do that. They don't want.

[Chip]

Larson said, you know, last interview with Mr. Mr. Fix or Switch, whatever his name was, he said, and they're like, you know, there, there's an advantages to staying private, you know, I don't know. I mean, I've worked, I work for a lot of public companies. I always, I review a lot of 10Ks. I research companies. It's a pain in the ass doing every quarter, you got to disclose. You got it. You can have the, you have the regulator sniffing around all the time. Because you're a public company, there's certain things you can and can't do. You need a staff just to be able to do that, to have the calls with the investors to do all the disclosure, to do your ad. When you're a private company, you have to tell anybody anything. How much we make. Hey, that's our business. When you're a public company, you got to put out a 10k, you got to put out the annual, you got to talk about the risk, got to talk about all the different things could upend your business long. I mean, so much effort goes in that. Why would Ripple in the right mind. Want any of that? Yeah, you know, I, I just, I. I don't see why they'd want it, especially if they're doing very well anyway.

[Jeff]

They don't.

[Chip]

I mean, they just fought the SEC for between 150 to 200 million dollars. They're not in any trouble, and they're in no hurry.

[Jeff]

Right? There's. There's no advantage, no hurry to want to go down that path. But that, again, it looks like, you know, the selling of the shares, those who. The fact they went out, they were able to buy 4.7 million shares of Ripple, that's. That's pretty astonishing also. I mean, that's a lot of shares that people are actually actively selling. How do they get that many money?

[Chip]

How diluted is it? That's the other big thing. It's like, how diluted is, you know, it was, what is 4.7 equal? And, you know, the other thing that they're gonna have to address in that court was that they, you know, when you have the unaccredited investors that were in there, but also, there's a reason for that. That's one of the things that John Deaton pointed out. It's like, there's a reason. But he said. But, but by the same token, he said, he disclosed, he put $30,000.

[Jeff]

And.

[Chip]

I know he also had Circle shares. He said they'd be worth somewhere in the neighborhood, like 130 or 40 million, right? $40,000 at this point. And so if you think about. If you think about having that. He said he's an accredited investor, right? You have a certain, certain amount of income threshold. Income threshold on top of, you know, assets and all that, right? To meet that, he's like, I'm an accredited investor. And, you know, is that. Did that stop anything? Did it change anything? Not necessarily. But, Jeff, if you remember last year when that, when the guy who spent four months at the company was there from January to, like, April, right? Four months of the company came out whistleblower. I'm like, these are really serious allegations. Everyone's like, oh, he's disgruntled. Meanwhile, we looked up his history on LinkedIn. The guy spent 10 years plus at another company. Like, he, he got out because he started seeing what was going on, and this guy did not want an. Anything attached to him. He came in a good, good spirit, Goodwill, took over this marketing position and then started attending meetings and started hearing about all the stuff going on, and he knew it wasn't on board. So when a guy like that Bails out of the company, he becomes a whistleblower because he doesn't want that to fall back to hit him.

[Jeff]

And he, he was a cfo. The cmo. I kept saying cfo. Was he marketing or finding it? Cfo. I can't. It was.

[Chip]

I thought he was.

[Jeff]

He.

[Chip]

He might.

[Jeff]

I don't remember.

[Chip]

For some reason I thought he was the marketing guy, but maybe he was. Well, if he's a cfo, that would make a lot more sense, but I don't.

[Jeff]

Yeah, because you would see everything. And I was trying to look him up. I can't remember. I couldn't remember his name. I was trying to pull up some of the stuff. I had one of the articles pulled up and then lost it. Wanted to. Because that was the one. I talked about how crypto Eddie had talked about it. And then the YouTubers went after her, you know, because she talked about it and said, you know, and it, it became a real dirty kind of drag out, you know, battle over that, which was insane. And now it's all coming out to be CRO Chief Revenue Officer, which. A revenue officer. That's right.

[Chip]

That's the guy that.

[Jeff]

But that's why he knew all that stuff. He was seeing everything.

[Chip]

That's right. That's exactly right. See? Yeah. Chief Revenue Officer.

[Jeff]

Right.

[Chip]

Incredible, Jeff. I mean the whole thing isn't former CRO sues alleging fraud. Fraud. And the funny part about that was we're like, hey guys, even if. Let's suppose. Give them the benefit of doubt. Guilty to prove an innocent or innocent until proven guilty. Get your amen, do a check, get your funds out, think about it. Pull your stuff out, get out. Right? Because when there's allegations like this, and then when we still hear about emails where they're like, when their attorney said this is security fraud, this is this fraud, this fraud. And the CEOs like, eh, don't worry about that, you know, I mean, do we know that? But I'm like, hey, if you start getting allegations, let's suppose none of it's true. It's just a whack job and everything else. Okay, fair enough. But if you had some advanced notice and we were like, hey, if you're in link 2 and you got stuff going on there, see if you can pull your stuff up. Because once this new guy came in, he locked everything down, you're done. No more trading, no more income, no more influx. He doesn't want money coming into the company. Meanwhile, people could have just been buying, you know, stuff as. But the fact there's like 12, 000 people who purchased, you know. Yeah. Versus pre IPO for Ripple alone. And no, to be honest with you personally, like, you know, I was never even. Were you ever. Are you interested in the company Ripple? I was as far as like investing.

[Jeff]

To invest? No, not so much. I mean, no, I'm not either. I was going to look at some point, you know, if they did go ipo, I figured then it would be positioned. But at this point, you know, you look at it, it's. They're interesting to talk about their trend setters. You know, they're leading a lot of the market. You know, aspects in terms of how they're bringing blockchain and crypto and the XRPL to financial institutions. That part one of the reasons why we hyper focus on it plus the lawsuit was major. But beyond that, it's getting late gents investing in them. Yeah, I'm not 100 sure. You know, it's. Yeah. Now. Now wouldn't be the right time. Now definitely is not the right time.

[Chip]

Did it get off pretty easy? I'll tell you that, man. I'll tell you that right now. That guy got off easy. He'll do three, two to three years in jail, period. Done out.

[Jeff]

Yep.

[Chip]

Some good stuff was going on there, man. I don't know. You think there's a whole. Something isn't adding up with us whole trial and everything. It seems very strange.

[Jeff]

Yeah, but. All right, well, we're gonna do the drawing here. I gotta play the song real quick. Now we got 21. I think we can probably get at least a 25 that are going to be rolling. Oh, Chip, by the way, I, I got Aaron working out. We started first day workout was on Sunday.

[Chip]

All right.

[Jeff]

You know, we put up, did chest and back. We're doing, you know, body weight pull ups, did some weights. You know, it was really great. Then he was sore for a couple days. Today we did plyo and you know, it was really good. He's like, he wants to get in shape. He told me that he felt real wimpy and so he's gonna be doing a tennis lesson again tomorrow night. So he's gonna get. I'm gonna get him in shape.

[Chip]

Yeah, I know when I, when I, I started about three months ago, man, the first month was brutal. Dude, first month was brutal. Well, it still is though. It's like, like I wake up, like I go to bed sore the next day. Like, you know, I do like the upper body then, then the legs, you know, the next day and then I started riding my bike and, and we're, you know, it's just, man, it's so there's always some kind of hurt. But you sleep really well. That's the good news. So you sleep.

[Jeff]

That's definitely the good news. Yeah. I told, I told Aaron. He already has a diet consistent of bodybuilding because he likes rice and chicken, rice and beef, rice and chicken. He eats that pretty much three times a day. Smoothies, but, you know, good smoothies. All right, let's. Let's roll this. Let's. I'm gonna play this song here real quick and then get everyone special.

[Chip]

Likes. Everybody. Everyone take a minute to like, like.

[Jeff]

It because I don't know where at like and subscribe. Like and subscribe.

[Chip]

Come on, Jack. You know Caleb, I'm brown. Like, that's the.

[Jeff]

Caleb and Brown.

[Chip]

That's a new link to. I. I hear that they're on the up and up. I hear that they are legit. You know, they seem pretty legit. I don't think they're. But again, you know, you have to do your own research and stuff. But they are pretty reputable from what I've heard. And you know, I've heard it from some pretty good sources. So. Yes, I don't think. But I understand why you might want to. Might not want to touch it, but.

[Jeff]

Right.

[Chip]

Yeah, I don't. That's not. You can't compare them to a link too.

[Jeff]

No. Ducky McScrooge.

[Chip]

McScrooge is in the house.

[Jeff]

Ducky McScrooge. Ducky makes Christmas.

[Chip]

You go carnivore. Yeah, I stick to more of a carnivore diet myself. I don't try and eliminate carbs and stuff. A lot of meat, beef, chicken anymore. Beef and fish and.

[Jeff]

Ground beef. I like beef.

[Chip]

I do too.

[Jeff]

Some reason I still like chicken, but sometimes now I eat chicken and I just don't like. I don't know, I just don't like the flavor of it. There's something wrong about it.

[Chip]

There's something about something. I got real tired of it. I just got real sick of eating it after a while. So I just stopped. Now every once in a while, like, you know, if you get it depends on how it's. It's. It's cooked too, but still I got tired of it. Even put on the grill, whatever. I was like, yeah, take a break.

[Jeff]

Yeah, the flavor is just not there. You know what I've been doing though, every morning? Two soft boiled eggs. Instead of like frying them, doing soft boiled and Soft boiled eggs are great.

[Chip]

Soft boiled eggs?

[Jeff]

Yeah, they're fun. Crack the shell, eat with a spoon right out of the egg. It's great.

[Chip]

Oh, is that how you do it? No, no, I was. I had. I had a good method where I would. Back when I had a microwave, we got river microwave, too. We're totally, you know, into the.

[Jeff]

All right. In the boiling water. No microwave.

[Chip]

Well, but the thing was, I had a way to make them perfect every single time. But you put it in the boiling water. Yeah. So yeah.

[Jeff]

Comes up. Then I actually fried them in water. So let me try something else. I didn't fry them, but I put a little water in a frying pan, covered it, broke the egg, and poached it. And I never really like poached eggs like that video.

[Chip]

Did you have a video to play or.

[Jeff]

No. Oh, I do. Yes. We gotta go there.

[Chip]

Let's go, let's go. You're doing everything.

[Jeff]

Costco brisket.

[Chip]

That's very good too. I've had the Costco brisket. It's very good.

[Jeff]

All right, here we go. Ready?

[Chip]

Yep.

[Jeff]

Word of the day. You got your salmon wallet ready? Why? Cause this is gonna be epic.

[Chip]

It's time.

[Jeff]

Time to claim your legend. Blue tribe. Yeti of the clan mentalist. His name G. Let's go. On the chain. Badass Yetis. Born for battle, made for legends. Claim yours or be forgotten. Badass Yetis on the chain, on the chain, on the chain, on the chain, on the chain.

[Chip]

Funny. That is some funny stuff on the chain. I like that. When I switched over.

[Jeff]

Mixes it up a bit. Yeah, I like that.

[Chip]

That was nice, gir. You sure that's not a spf?

[Jeff]

You know, it's funny about it, though. It pronounces it perfectly. Like, it changed accent and all. I'm like, how does it like it adds an accent to it. Can't say yeti, can't say tribes, but it pronounces gervore with an accent.

[Chip]

It's the weirdest thing ever. It always gets the name, the missing vowels. Doesn't matter. Spot on. Every single time. Yeah.

[Jeff]

It's such a weird thing that it's so funny. All right, well, that means we got to bring up the man. I gotta do it all, huh? I gotta prep the song too. Here we go.

[Chip]

Yeah.

[Jeff]

Got this one real quick.

[Chip]

And roasted beans straight to your cave.

[Jeff]

Monthly without burning your wallet. No fluff, no fads, just great coffee. Hand picked, small batch roasted Yeti approved. Hoda join the rebellion. Drink, drink like a legend. Badass Badass Yus coffee. The percolation never stops like that. Boom, boom, boom, boom, boom.

[Chip]

Cousin roasters and roast straight to your.

[Jeff]

All right. All right. Let's get into the the drawing. Got 22 in the drawing. Gonna get some music here. There we go. Airborne. Drink more coffee. There we go. I spin that wheel. Yetis. What happened? Hang on a minute. What happened to my repeat? Here we go. All right. There we go. Ready, Chip? Ready for the drawing. Ready for the spin.

[Chip]

Here we go. Do it.

[Jeff]

Thanks, Gary.

[Chip]

Winner, winner, chicken, win dinner.

[Jeff]

Winner, winner.

[Chip]

Freaking almost had it right before close. It was so right there. It was so close, man.

[Jeff]

So number one. Thanks, Gary. Are you here? Are you there? You got to say I'm here. And we're going to need your Zen wallet. Z wallet. That's number one. So thanks, Gary. If you're here, present yourself. Where is thanks Gary? There he is there. Look at that. Let me get it. There you go. Thanks. Gary's here. Nice.

[Chip]

Yeah.

[Jeff]

Nice. That's awesome. Let me. Give me a minute. Gotta pull this bad boy up. Gervor. Girvor. There he is. Look at that bad boy right there. You can see him now close up. Look at that mentalist. This guy is scary detail. The design being awesome. Freaking Amazing. Number 348 1. And it is Garavore. There he is. Garvor. Perfect. All right. Badass Yetis. There you go. The big winner of the day. Let me go to YouTube.

[Chip]

Hello.

[Jeff]

There we go.

[Chip]

Silence there, Jeff.

[Jeff]

Thought you would be talking.

[Chip]

Silence is gold. I have nothing to say anymore. I'm just pissed off.

[Jeff]

My.

[Chip]

All this stuff. Firefox has no. It took me so long to set up Chrome to get all my stuff going on and man, I don't want to go through that aggravation again. I try to.

[Jeff]

That's right. You moved from Firefox to Chrome.

[Chip]

No, I moved from Brave to Chrome and then Chrome.

[Jeff]

Oh, that's right. You were on Brave. Brave had its own problems.

[Chip]

Yeah, it stopped working. I mean, they. They don't support it anymore.

[Jeff]

That was no good at all. I gotta open this up and view it on YouTube so I can see if he's putting his Zaman wallet in there. I'm gonna grab the zombie wallet and we are going to see if this works. Now Chrome is deciding to be slow, inefficient. There we go. Come on. There it is. I see it. Thanks, Gary. Thanks, Gary. Gary, Gary. Thanks, Gary. Before I do anything though, I'm going to put it into the. Got to put into Our Excel sheet. So give me one second. Bear with us. Gary. Gary, Gary, Gary. I wasn't. Gary, Gary, Gary. Lots and lots of winners over here. Here we go. All right. Thanks, Gary. And here's your wallet address. Put that in here. And the badass Yeti is number 348. So we can track it probably. Gary, if you can also give us your. Your X handle, that'll be much appreciated. Then we can post this bad boy out. But in the meantime, let me transfer this over to you. So let me. Chip, if you can talk a little bit while I go through this.

[Chip]

Be helpful a little bit. Yeah. So I'm doing my best to import. Not much imported. So I gotta. I gotta really think rethink how that's gonna go. So I had a bunch of things that we wanted to talk about tonight. We didn't get a chance to maybe on Saturday now that I've gotta migrate to Firefox, which I'm not that thrilled about, but.

[Jeff]

Okay.

[Chip]

At least it works.

[Jeff]

At least it worked.

[Chip]

Yeah. Cause I disabled extensions. I did all kinds of stuff. And like I was like, no, there wasn't. I don't know what's going on with this, but I do know like I did do an update. So that's something. There's something updated. Some of memory leak. It was before our last session, remember when it started failing. So yeah, I don't like to use a dupe. It's like continues to hassle me and then one password won't work with it. There's like other things that won't work. Right. You gotta log in every time. So it becomes a hassle. So, okay, so hopefully they'll have a new update and things go back to normal. But it's weird. Yeah, we'll see what happened.

[Jeff]

And we got. We got the X. We got everything. We are good to roll. And so good on you for downloading or using Firefox. So Sunday night will be epic. Sunday, Sunday, Sunday, Sunday. Happy. Oh yeah. Saturday, Saturday. Today isn't Saturdays. Wednesday doesn't even know what today is.

[Chip]

Is it 250?

[Jeff]

250.

[Chip]

I thought 250 was next year.

[Jeff]

It is next year actually.

[Chip]

Yeah. So it's a 200 celebrated 49.

[Jeff]

The army was 1775, right?

[Chip]

1776. So it'll be 1776 will be the 250.

[Jeff]

So let's celebrate one year in advance. We're going to start from July 4th all the way through the next. July 4th is the 250th year and everyone could be super fired up, super stoked that it should be a. A whole one year celebration. I agree with that. So let's celebrate 250 years.

[Chip]

On our way to 250. Correct. It's the road to 250.

[Jeff]

That's right. We're on the path. I remember.

[Chip]

I'm old enough to remember 200, Jeff. That's sad. Indeed.

[Jeff]

Trying to think about 200.

[Chip]

I remember when the country turned. I remember when Miami turned 100. So weird. It's like we're 100 years old. It's like, dude, that's like. That's nothing for. For a city. What the hell?

[Jeff]

So for everyone, if Crypto Burdock was actually one of our. Crypto Bird Dog was actually on our video. That was the first video that brought Chip and I together.

[Chip]

Yeah.

[Jeff]

That we made for Congress. Yeah. And Crypto Bird Dog had a spot on there.

[Chip]

So it's been so great to see. It's so awesome to. I wish I was in the show more. But unfortunately, these things happen, and it's always something of it. You can always count on some technological failure. If it's not Jeff, it's me. If it's not me, it's Jeff. Rarely doesn't go wrong that catastrophically where we both are gone. But it does happen sometimes.

[Jeff]

It happened the other day.

[Chip]

It did happen the other day. We did. It did happen the other day. But that was. I thought that was like a fluke, but apparently now. So, you know, what are you gonna do, Jeff? What are you gonna do?

[Jeff]

That's it. Let's take us out of here.

[Chip]

All right, let me do that. Let me do that. It'll be great to love these. I love Crypto Bird Dog popping in here. Yeah. I just Love it. Happy 40s 4th of July, everybody. Yeah, guys, let's celebrate. It's gonna be a great one. Gonna love it. Yeah, I remember the bicentennial. You're an old. You're an old guy too. Art. Art's Art does not look old enough to remember the. The bicentennial. He does not look old enough. We met him in person up at the Cape Canaveral. You know, what was the. What was the name of that? I remember the name. What was that called?

[Jeff]

Oh, yeah. I'm having a brain quantum summit.

[Chip]

Quantum summit. That's it. Up at the Quantum summit. Yeah, we got to meet him there. So that's it. But anyway, guys, that's all we have for you guys. We will be back on Saturday morning. We will be one day past the celebration.

[Jeff]

Celebration.

[Chip]

And Then we'll be celebrating the next big thing, which will be my birthday on the 7th, also Ringo Starr's birthday. So there you go. So I love that big celebration. 7-7-77. My birthday. And then now we're out of Jeff's. The September 29th.

[Jeff]

No, almost. You're close.

[Chip]

28Th. 30th.

[Jeff]

Other way. There you go.

[Chip]

20 30th. I knew it was that it was close. 30th and it was close. I knew it was close. 30th. Yeah, the 30th would be just.

[Jeff]

It was the same day as the. As the Ripple party.

[Chip]

It was the second day. The 29th was. That's why I said the 29th, because I was on the.

[Jeff]

Oh, right. That's right.

[Chip]

But if you went up for that, there's no way you could have gotten back for people, family coming in for your birthday. It's like he's in New York. Sorry. Why isn't he down here in Florida? Oh, we came in especially to see him and celebrate his birthday. Suckers. Sorry. That's what it works anyway, guys, that's all the time we have. Hopefully we've got this resolved for good. We'll see you guys in Saturday morning. Guys. Have a great and safe. Don't be for being grabbing fireworks your hand. Don't be doing that stupid stuff. Well here everybody's gonna be safe. Come back with. With all your fingers. We'll talk to you on the next one. Chip and Jeff.

[Jeff]

Oh, are you down with otc?

[Chip]

Please, like subscribe and click the bell.

[Jeff]

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