Game-Changer? Is Ripple's RLUSD the Future of Finance?

Summary

Podcast Title: On The Chain - Blockchain and Cryptocurrency News + Opinion
Episode: Game-Changer? Is Ripple's RLUSD the Future of Finance?
Release Date: May 29, 2025
Host/Authors: Jeff and Chip
Description:
On The Chain delves into the latest developments in blockchain and digital assets, with a particular focus on XRP. Catering to both newcomers and seasoned veterans in the crypto space, the podcast offers fact-based, high-quality content devoid of hype, aiming to inform a global audience through community-driven discussions.

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Introduction and Community Engagement (00:00 - 02:44)

The episode kicks off with lighthearted banter between hosts Jeff and Chip, welcoming listeners from around the globe. They engage in playful exchanges about their listeners' locations, setting an informal and friendly tone. Jeff introduces the main topic, posing the question: "Is Ripple's RLUSD the future of finance?" (00:01).

Notable Quote:

Jeff [00:01]: "Is Ripple's RLUSD the future of finance? And then what is the future of XRP? That's what I would like to know."

Discussion on RLUSD and Euler Labs Partnership (05:00 - 08:50)

The conversation transitions to current news, focusing on Euler Labs' integration with Ripple's RLUSD. Jeff and Chip explore the features of RLUSD, noting its functionality as an institutional-grade stablecoin that supports borrowing, lending, and collateral usage. They discuss the promotional incentives for lenders, highlighting a lucrative Annual Percentage Yield (APY) of 21% offered until June 4, 2025.

Notable Quotes:

Chip [05:56]: "Rippple's institutional grade StableCoin. The Ripple USD is live on Euler. Users can borrow, lend or use it as collateral."

Jeff [06:14]: "Wow."

They express enthusiasm about the partnership, albeit with some skepticism regarding the high APY, questioning its sustainability beyond promotional periods.

Critical Analysis of Ripple’s Initiatives (11:15 - 22:17)

The hosts shift focus to Ripple CEO Brad Garlinghouse's recent statements at the Bitcoin conference, where he presented an art piece—a skull symbolizing Bitcoin's energy usage. Jeff and Chip critically examine Garlinghouse's portrayal, suggesting it’s a "spin job" to reshape perceptions about Bitcoin’s environmental impact.

Notable Quotes:

Jeff [14:23]: "But then you start digging into it, you realize it's about climate change and all this other BS garbage stuff."

Chip [15:42]: "I think it's hilarious. I think it's awesome. It's perfect at the Bitcoin conference because it looks kick ass."

They further delve into Chris Larson's (Ripple's Chief Legal Officer) comments on Bitcoin's energy consumption, debating the validity and implications of initiatives aimed at reducing carbon emissions through blockchain technologies.

Notable Quotes:

Chip [17:53]: "You're not selling the power anymore. So this whole notion of, like, who gives a crap how much power bitcoin uses."

Jeff [22:14]: "That would work."

Community and Product Promotions: Badass Yeti Coffee (08:43 - 19:50)

Interspersed with discussions on finance and blockchain, Jeff and Chip promote Badass Yeti Coffee, highlighting its quality and freshness. They engage in casual conversation about brewing techniques and the uniqueness of their product offerings, aiming to connect with listeners on a personal level.

Notable Quotes:

Chip [09:15]: "Straight to your cave monthly without burning your wallet. No fluff, no fads, just great coffee."

Jeff [11:12]: "I love eating the beans right out of the back. It's like a snack."

SEC's Crypto Task Force and Ripple's Legal Stand (21:08 - 49:06)

The discussion returns to significant industry news, focusing on Ripple's legal maneuvers against the SEC's stance on crypto assets. They analyze Ripple's submission to the SEC's crypto task force, emphasizing Ripple's argument that most fungible crypto assets, including XRP, do not constitute securities.

Notable Quotes:

Stu [26:08]: "We're pro crypto. Let's create a task force so dumb those. Dumb as those Balloons."

Chip [29:02]: "Buy you the XRP Treasury. Sanctuary."

Jeff and Chip express frustration with the SEC's approach, questioning the effectiveness and motives behind the regulatory body’s policies.

Political Commentary and Broader Discussions (49:06 - 67:40)

The latter part of the episode veers into political discourse, with the hosts discussing figures like Mike Johnson, Elon Musk, and various political events. They critique the intertwining of politics with cryptocurrency, expressing skepticism towards both left and right-wing ideologies and their impacts on the crypto landscape.

Notable Quotes:

Chip [51:19]: "It's a cult."

Jeff [53:16]: "He's being red pilled."

The hosts also touch upon free speech issues, government spending, and the influence of media personalities, weaving these topics into their broader narrative on blockchain and finance.

Badass Yeti Giveaway and Community Engagement (35:09 - 67:40)

Throughout the episode, Jeff and Chip host a Badass Yeti giveaway, encouraging listener participation. They play promotional content and interact with their community by announcing winners, fostering a sense of engagement and loyalty among their audience.

Notable Quotes:

Chip [35:42]: "Time to claim your legendary blue tribe Yeti of the clan Froze beards his name Y."

Jeff [61:44]: "Here we go. Ready?"

The giveaway serves as a bridge between content segments, maintaining listener interest and promoting community involvement.

Conclusion and Final Thoughts (67:40 - End)

As the episode wraps up, Jeff and Chip reflect on the rapid progression of the week and tease upcoming broadcasts. They encourage listeners to subscribe and stay connected for future discussions, emphasizing the dynamic nature of the blockchain and crypto industries.

Notable Quote:

Chip [67:40]: "It's flying by. We are going to be broadcast at 8am on Saturday morning and we're coming into a new month almost in the month of June here."

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Key Takeaways:

1. Ripple's RLUSD Integration: Ripple's RLUSD is being adopted by platforms like Euler Labs, offering high APYs for lenders, though the sustainability of these incentives remains in question.

2. Environmental Impact Debate: Ripple leadership attempts to reframe Bitcoin's energy consumption through symbolic art, sparking discussions on the true environmental footprint of blockchain technologies.

3. Regulatory Challenges: Ripple continues to challenge the SEC's classification of crypto assets, advocating for a clear distinction between securities and fungible digital assets like XRP.

4. Community Engagement: The hosts actively engage their audience through giveaways and product promotions, fostering a strong community presence.

5. Political Underpinnings: The episode delves into the intersection of politics and cryptocurrency, critiquing various political figures and ideologies for their influence on the crypto space.

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Recommendations for Listeners:

• Stay Informed: Keep abreast of the latest developments in blockchain and cryptocurrency, especially regulatory changes affecting assets like XRP.

• Engage with the Community: Participate in community-driven platforms and discussions to deepen understanding and stay connected with industry trends.

• Critical Analysis: Approach industry news and statements from leaders with a critical mind, discerning underlying motives and implications.

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Follow On The Chain:

• Twitter: @on_the_chain
• YouTube Channels: OnTheChainLIVE | OnTheChain

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Disclaimer: All opinions expressed by the contributors are their own and do not necessarily reflect those of the On The Chain platform.

Transcript

[Chip]

Why are you so red?

[Jeff]

Jeff got a sunburn. Welcome to on the Chain. This is Jeff here with Chip. What is going on? Chip, what's going on? Everybody out there in the on the Chain world, you know who you are. You guys, you guy over there sitting there with your phone and you guy there watching on your 85 inch TV in your living room. And you the one watching on your PC. There's only one watching on the PC tonight. Game changer. Chip. It is game changer. Question mark is a game changer. Is Ripple's RL USD the future of finance? And then what is the future of xra? That's what I would like to know. We talk about it, we're going to workshop it a little bit more. There's a few commentaries in and around this topic. Love to hear your feedback. Give a quick shout out where you guys are tuning in from because we'd like to see far and wide. Whether you're here in our backyard in Florida, down in Miami or northern Florida, there are quite a few of you all the way out to the left coast and then across the oceans from Europe to Africa to Asia and beyond.

[Chip]

All over the place, Jeffrey.

[Jeff]

All over the place is the point.

[Chip]

All over the place. All over the world.

[Jeff]

All over the world.

[Chip]

All over the great flat earth. Let's go. You ready? Go. Welcome to on the Chain. Welcome to on the Chain. Everybody drop where you're coming in from. Like Jeff said, let's not delay this any longer. Mike says coffee. It's a good way to start it off. Good day. Lurkers out on the beach. What's going on? Everybody's in here. Good afternoon from Dundalk.

[Jeff]

Dundalk, Maryland. I've never heard of that place.

[Chip]

Steve Willis is in Yowie land. That's where the Yowies live. They live down under. We know where you live in the, in the tundra.

[Jeff]

You know what they don't have anywhere? Land. Kangaroos.

[Chip]

People Yeti type in yet high.

[Jeff]

They're made up. I don't think they really exist. Kangaroos.

[Chip]

Yeah, it's the same day. It's Trump day.

[Jeff]

It is Trump Day.

[Chip]

That's not hump day. It's Trump day. Trump day every day.

[Jeff]

Chardonnay and celebration. Bronx, New York City. There you go. Look at that badass.

[Chip]

We got five yetis already. This is a. This is a new one. John Page, Australia record biggest, second biggest audience is Australia. Hawthorne. Beautiful. It is beautiful.

[Jeff]

It really is for real.

[Chip]

Beautiful. And Hawthorne. Beautiful. Love it up there. Yes, indeed. Well, Jeff, there's a lot of stuff going on. As usual. We're not going to talk about most of it. We'll talk about something.

[Jeff]

Any of it.

[Chip]

Let's just talk about the Yetis. Got another banger lined up today. Another one. Another badass.

[Jeff]

I feel like playing it already. I feel like I gotta play it.

[Chip]

But I'm feeling like the blue tribe. Just the hunch.

[Jeff]

The blue tribe.

[Chip]

A blue tribe. A blue tribby. Tribi.

[Jeff]

Blue tribby. It's gonna be epic.

[Chip]

Epic. Epic.

[Jeff]

There's only a couple that come out epic.

[Chip]

The blue trick. I use that program that makes so many songs and it never mispronounces any word. But you know what it does pronounce? Well, it always pronounces the name better than we can for some reason.

[Jeff]

Pronounces the name with like a Norwegian accent missing.

[Chip]

There's like, there's no vowels in there. It's like perfect spot, but like it says the name perfect. You're like, okay, but you can't pronounce epic.

[Jeff]

Epic or tribe.

[Chip]

Tribi. Trib. Tribe. True.

[Jeff]

I went through eight songs today and they messed up. Try.

[Chip]

Being a gentle dude. I love it. I love being a gentle dude. Epoch. That's what we have to do.

[Jeff]

It's no, it's epoch.

[Chip]

Is it risky? No, it's epic.

[Jeff]

Epoch.

[Chip]

We got ray the musc in here.

[Jeff]

Times. How do you pronounce epoch? Times. Is it epic Times.

[Chip]

What about XRP Treasury? Sanctuary? Say that three times fast.

[Jeff]

That's right. We need an XRP trade for sanctuary. Sanctuary.

[Chip]

Sanctuary. Remember that coffee, Sanka? It was like. It's like freeze. It's freeze dried. It's like. Oh, what does that mean? I mean it tastes horrible.

[Jeff]

That's what the world is taking. Painkillers, man. I've been suffering from that surgery.

[Chip]

Is it from that surgery you had recently?

[Jeff]

What kind of surgery?

[Chip]

Well, if you don't make it to end the show, nobody will know. You wake up tomorrow morning, you'll be like, hey, but it is late there. It's one in the morning. 1:30 question.

[Jeff]

The question I want to know is, is flatliners. Flatliner streams gonna make it?

[Chip]

Yeah, it's splitting two. Two of the same coin there, Joe. Flatliners will make it the whole way.

[Jeff]

But not take it the whole way, but not crypto.

[Chip]

Well, crypto. Well, not gonna make it. Not gonna make it. Not gonna make it. Not going to make it. Let's jump into some news here. Here's some news from Euler Labs. Euler not Bueller. Bueller. Bueller. Not to be con conflicted with Ferris Bueller. Ferris Euler Labs. Euler. We'll call it Euler Labs. I have a greatest name ever. We'll call it Euler Labs. It's the lending super app. Okay, so Ripple's institutional grade StableCoin. The Ripple USD is live on Euler. Users can borrow, lend or use it as collateral. Incentives are now available for lenders. What do you think about that?

[Jeff]

I think it's a great idea. Let's go through this again with that.

[Chip]

Let's check it. Let's check, check, check, check, check on the mic. Boy, this is coming. This is taking a long time to load here. There it is. So this is over on Euler. There, there it is. 21 million supply.

[Jeff]

Wow.

[Chip]

21 APY. What? How's that possible?

[Jeff]

I don't know.

[Chip]

1.39 yield from lending. So you make only like man, you can make 4% on your flare. Basically I think it's like supply.

[Jeff]

Wait, what does that mean? What is APY? Supply 21.

[Chip]

No idea. I don't know what that means.

[Jeff]

Never heard of supply APY the rewards.

[Chip]

APY is plus 19. I guess. Plus the 1.3. I guess that's a promotion thing because it ends on June 4, 2025. The 19. I don't know what that is. So if you lend it.

[Jeff]

Is that what you yield from lending?

[Chip]

Who knows?

[Jeff]

Let's see. Statistics. There's a basket of stable coinage. Daily rewards. $11,916 already. Huh. So 21 supply.

[Chip]

But that's in a year. So what does that come out to be like in a few days? It's a lot less if it's not 20%. Right?

[Jeff]

19% is a nice return.

[Chip]

Yeah, but that's on a year. That's over a course of a year.

[Jeff]

Yeah, but still 19 return.

[Chip]

Well if. If it's going to end. But if it says here it's going to actually end in on the. On. What is it? There you see what it says right there? It says ends June 4th. So it must be a promotional thing they're doing okay.

[Jeff]

Yeah, yeah.

[Chip]

Is the governor and the gauntlet. So this is the governor. Hello, Governor.

[Jeff]

Governor. Governor.

[Chip]

G' day. There we go. That's apparently that's what. That's what. That's what they have.

[Jeff]

Wow. 8.9 million was borrowed. That's impressive.

[Chip]

It's a lending app. Oh, so there you go. You can use that as collateral. You can lend out your RL USD. It's got a bunch of other stuff Like a lot of chain link on there too. Holy cow. Holy cow.

[Jeff]

I'm not sure where Chad. Chad Nauseam is is factoring in on this. He said carry the one and get rugged. Not sure if he's commenting to it.

[Chip]

Carry the one and get rugged. There you go.

[Jeff]

A little fishy.

[Chip]

Says it sounds fishy.

[Jeff]

Davey X Badass Yeti coffee is awesomely delicious.

[Chip]

Is it time to play that badass? Hang on a second, let me pull this up. I think it might be time, Jeff. Hang on a second, let me pull up the. Wait a minute. What is going on here, people? Here it is. Get the badass Yeti tune ready. I'm gonna pull that up on the.

[Jeff]

Okay, sure.

[Chip]

This. Pull it up.

[Jeff]

Wait, wait. Oh wait, this isn't it. I got the wrong one. Hang on a second. There we go.

[Chip]

Straight to your cave monthly without burning your wallet. No fluff, no fads, just great coffee. Hand picked small batch roasted Yeti approved. Po to join the rebellion. Drink like a legend. Badass Yeater's coffee don't come. The percolation never stops. Oh yeah. Good coffee, man. Thank you for, for the queue there and just for people that want to try this. If you've never had freshly roasted beans, most of you have never had it. Unless you visit. Unless you visit a roastery, unhighly unlikely. But thank you for calling that out, Davia. And thank you for the awesome support, man. Appreciate that. But I threw it in there. Badass Yeti coffee. There's some big things going on. The badass Yeti universe. Badass Yeti is going to be changing.

[Jeff]

That is, that is yetis is changing.

[Chip]

It is going to be changing. We're going to be changing to do a little bit of brand swapping. But the noir symphony here, you can get the whole beam, which is what we recommend. But you can also get a coarse ground, fine ground or a drip ground. Whole big description on here about, you know, the difference between all of those and. And there you have it. So there's, you know, and buy this stuff and you're ready to rock. It's awesome. Dude.

[Jeff]

That is pretty good.

[Chip]

Yeah, it's very good. Very good indeed. So indeed, indeed. So I want to put it, put a bean under your. Your tug. Wow. Yeah. On your tongue. I think you medicine you want to treat. It is man. It is so good. It really is.

[Jeff]

I love eating the beans right out of the back. It's like a snack. They're perfect.

[Chip]

Yeah. And they're got that oil still on them because they were just Roasted. You're getting it within a couple days of roast. People not sitting on a shelf for six to 12 months. Those things are so dry, you try to break it. You can't even. You know, when it finally breaks, it's like dust comes out. Yeah. Sorry, man. Coffee stop over here, right? Garling House, this. I gotta get your take on this because this one here was like miffed me all the way. And the follow up from Chris Larson was something too, but here we go. Brad Garlinghouse says, you know, the CEO of Ripple says the skull of Satoshi was originally built to call attention to blockchain energy usage. And today it's a symbol and reminder of bitcoin's incredible staying powered to so many around the world, including me. Now this is one hell of a spin job right here. Yeah, this is one. This is beyond spinning. This is. This is hijacking. As crypto and blockchain technologies become widely used, respected, and understood, it's past time that we set aside our differences. But wait till you see what he's talking about and then work together to move the industry forward. I hope this gesture continues to remind folks that we, bitcoin and XRP and other crypto communities have way more in common than we think. So bitcoin conference put this out. Special Guest at Bitcoin 2025, Skullo Satoshi, donated by Ripple to the bitcoin community. Permanent home at the bitcoin museum in Nashville. Now there, there are the nuclear power stacks on top of this thing.

[Jeff]

Oh, my God.

[Chip]

The computer chips with the glowing eyes, with the bitcoin eyes.

[Jeff]

That's awesome.

[Chip]

Nothing but freaking wires and power coming out the bottom.

[Jeff]

That's very awesome.

[Chip]

Now, I mean, how are you tell. How are you gonna spin this?

[Jeff]

I love it.

[Chip]

It's a bad spin job though, man. It's a really bad call there. So let's go to the artist that built this. And this is Von Wong. He says, I built an 11 foot. I built an 11 foot skull covered in e waste to expose bitcoin's impact on climate change. So this was. The whole thing was about this. So he built this thing. He was trying to showcase, you know, the whole idea of climate change. But you want to sponsor this? Who co sponsored this whole thing?

[Jeff]

Sponsored it.

[Chip]

Yeah. So this guy built it, right? But Ripple didn't commission him originally to build it because he was working with. There it is. There they are putting it together. It's got a wood frame. He's kind of showing you the piece by piece of. There's all the computer circuit boards that they covered it with. I mean, it does look badass. It looks crazy.

[Jeff]

It's so badass.

[Chip]

And. But they, they partnered with Greenpeace because they were trying to. So the whole idea was like this woke reason because they wanted the whole idea of energy usage and all this other stuff. I mean, now it looks cool in these pictures.

[Jeff]

It looks really kick ass. I love it. Especially with that background puking out all.

[Chip]

The, all the stuff there. And so, yeah, I guess Ripple donated it. I don't know if they purchased it, but look at that, dude, it looks like it's insane.

[Jeff]

So. Kick ass thing ever.

[Chip]

Yeah. So there you have it. Tell you about that. That's it. So this was all created because, you know, for climate change. So I mean. Okay, there you have it. So the spin job. And then as Garlinghouse says here, he says it was originally. He doesn't mention anything about the whole climate change thing. He says it was originally called attention to Blockchain's energy usage. And today it's a symbol and reminder of Bitcoin's incredible staying power. Okay. I mean, I don't know if I call attention to myself at this. I would just leave it at like, hey, this is something cool. But then you start digging into it, you realize it's about climate change and all this other BS garbage stuff. And I was like, we're.

[Jeff]

I thought we're beyond that.

[Chip]

An initial dig though. I don't know, man, I. It just seemed, it's a, it's, it's not, it's not the right move.

[Jeff]

I think it's hilarious. I think it's awesome. It's perfect at the bitcoin conference because it looks kick ass.

[Chip]

Yeah. The whole idea behind it. And now Chris Larson, who is the founder and. What is he now? He's the co. Founder, executive chairman of Ripple. We know he's Mr. San Francisco Woke. At least Garlinghouse is a MAGA. He says in early 2023, when I funded the Change to Code campaign that was against member bitcoin, we talked about that here. My goal was to see if there was a way to turn bitcoin into an accelerator for direct air capture. Dude, what? The camp campaign didn't work. Well, shockingly, what the hell is an accelerator for? Direct air capture. Remember the direct air capture that he funded which takes and makes gasoline fuel out of the air? Is that what he's talking about? Is that the. Is that what he's talking about?

[Jeff]

Is that what it was?

[Chip]

I don't Know, I mean, he funded that campaign. He said the campaign didn't work, and that's okay. No, Ripple did not fund this campaign. It was him personally, Chris Larson. He wants to make that distinction. Doesn't want a whole bunch of hate coming at him because everyone's gonna be calling them crazy and woke. Bitcoin's energy transition over the last couple years has been remarkable. Using over 50 renewable energy sources, including hydropower, wind, and nuclear, per a recent Cambridge study, and often using trapped or flared GRA gas, which would otherwise be wasted. Y. Well, this, Jeff, our original assertion about the whole idea of the power. They're acting like bitcoin is taking the power and other people are suffering because bitcoin has taken the power. That's not the case now. If bitcoin doesn't use the power, the power goes unused, it goes unmonetized. You. You're not selling the power anymore. So this whole notion of, like, who gives a crap how much power bitcoin uses. Bitcoin's on energy hog. And it uses more than some of like, you know, five smaller nations put together. So. And he's making the point right here. Why would you even go after it in the first place? When he says. When he. When he says that it uses like trapped or flared gas, you know, when they have that, they turn that into power.

[Jeff]

Mechanisms.

[Chip]

Yeah. You got Bukele down in El Salvador, and he's using volcano power to power bitcoin and do mining. He's turning that into power. So he's saying, I'm glad to see Scully. I guess they named it Scully back out in the world. Serving as a reminder to environmental stewardship and innovation a while ago. Yeah, that's what we have it. So that'll be at the bitcoin museum in.

[Jeff]

So cool.

[Chip]

And I like how it was the glowing eyes. Those photos looked amazing, though, the way they had so cool stuff that I closed that. It's here. Yeah. That.

[Jeff]

You know, what it needed in the background while looking at those images. Look at that.

[Chip]

Terminator. Glowing eyes. Wow. Look. He's looking for the badass yetis.

[Jeff]

That's right. They're in the tundra.

[Chip]

But you ain't gonna find the badass yet. He's there.

[Jeff]

No, I don't really like water too much for mountains.

[Chip]

Look at that frame they had to build, though, for the. Oh, how cool is that?

[Jeff]

It's really impressive. Super, super impressive.

[Chip]

Stacks on top of the head. I wonder what that cost it took to make. Look at all. And all those circuit boards oh yeah.

[Jeff]

They cover it with man, like arts. That art is art.

[Chip]

Oh, I love it as an art piece. The whole idea of the power thing and the whole green piece thing is a little bit much for me.

[Jeff]

Yeah, I was over the top in the early days.

[Chip]

He built it to come apart so that they could take it on the road. Apparently it's gonna put all that smoke and dust and look at that.

[Jeff]

It's so cool. People love it. Like, hell yeah. Bitcoin.

[Chip]

Yeah, look at that. See? Campaign collaborator, Greenpeace. So I wonder how it ended up that Ripple donated. Did they purchase it from him? Like, that's what I have. I wasn't able to just define like how that came to be because it was a Greenpeace funded project, I believe so I don't know how. And Ripple ended up donating it. I don't actually know how that actually happened.

[Jeff]

Must have been a support acquisition rental. Who knows?

[Chip]

Well, they donated to the museum. The Ripple said they donated it. So like did. They must have. They must have purchased it at some point, right? I would think, who knows?

[Jeff]

Chad. Chad says, answering the question, what would you do with the FU money? You'd commission a freaking skull of satoshi. That's what you're gonna do with light up eyes and smokestacks. Freaking working circuit boards. Oh yeah, that's what you're gonna do now.

[Chip]

Now the funny part about that is like you think like, let me look at. I always go through the comments, like, let me look through the comments and see what if anybody said anything to Larson. Because you know those are going to be funny, right? He's like, hey, listen dude, this wasn't a Ripple funded project. I personally. And so Niraj Agarwal says, hey, the change the code website is still up. It doesn't mention anything about direct air capture. The campaign's goal was to get bitcoin to switch to proof of stake. Of course it was. Remember that? That was the whole thing behind it because of the energy. So he posts the screenshot.

[Jeff]

I remember what the direct air capture is. Still don't.

[Chip]

I don't know. I've never heard of what he's talking about. That. It's like he says right there and then Chris Larson says, fair point. I'll check on the website. Here's what I talked about. Bitcoin being able to be used for direct air capture in 2022 if there was an update to powder.

[Jeff]

Huh.

[Chip]

Bitcoin's mining infrastructure is remarkable. What if instead of emitting carbon, proof of work was updated where miners suck carbon out of the atmosphere. Proof of work is brilliant.

[Jeff]

I understand what he's talking, no doubt about it.

[Chip]

But that doesn't mean it can't be improved. So you suck the car.

[Jeff]

That would work.

[Chip]

You'd get fake carbon credit.

[Jeff]

I don't, I don't understand this whole thing, why people want to get rid of CO2 in the environment. Tree. Trees and plants proliferate. Proliferate based on the CO2 in the environment. They need it and are. And there's, there's a whole. There's. This guy gives this amazing presentation about it and he talks about the amount of CO2 in the environment. If it changes and drops by this really small percentage, all life on earth will. Plants will start dying off. So you need CO2 in the environment. Every time they try to change something within the environment, it backfires on them. And they, they can't control mother nature. You know, we can stop dumping nuclear waste in streams and garbage and chemicals because that's not human nature. It's not mother nature. It wasn't intended to have those types of chemicals floating around our waterways. We don't have to put, you know, nuclear waste in, in canisters that go into the ground that end up leaking into the groundwater. That's bad. But at the same time, you know, we can control everything, you know, we can't control everything within the environment. And CO2, there's more CO2 coming out of volcano eruptions and everything else that's happening around the world. There was significantly more, you know, CO2 pumped out, you know, pre, you know, pre motor vehicle etc, you know, so it just, they're just. See that, that's what Sober's saying. The same. How much sulfur dioxide in a, in a volcano, Chad? Without CO2, we all die. Full stop.

[Chip]

Right? And they, they've, they real scientists have proven it's a bunch of BS horses. They want to be able to sell you. It's a way new way to tax. We're going to sell you carbon credits while they fly around their jets all over the world. But they want you to get carbon credits for your work. It's just, it's a clever way to tax. I wanted to put this up. I already says thanks Mike Morath. I've got to get some badass yet K cups. Now we don't have the K cups available and we can make them available. However, they're a little bit more costly for what you get. But I will tell you what I do. You go on Amazon, you can buy these plastic cups okay. They fit in your K cup. They're plastic, reusable. You can get like 10 for, I don't know, or five or six for, like, 10 bucks, right? Then you can buy the coffee filters that go inside of those. You know, I always recommend. Put it using the filters for those. What I do is, because it's convenient, I want to just brew one cup. What I'll do is I'll take my grinder. I'll grind up just enough fresh. Grind it so you get the fresh ground beans. I fill it up. I got a little. It's. I got this little cool little scoop. You can buy these two. It's a little scoop. You grab it and it's just per. It fills up the cup perfect. You just. And fills it, Right.

[Jeff]

You have the metal ones or the plastic ones?

[Chip]

I don't like the metal ones. I tried the metals. No, I don't like them as much as the plastic ones, believe it or not.

[Jeff]

All right.

[Chip]

Better ones are okay. The ones I tried, I didn't care for. Close the thing. Throw it in your K cup maker. This way. That bag of coffee will go a long way. And the K cups, they're just not economical enough to where Jeff and I feel like selling them. Like, you. You would get like 10k cups or 12 for way too much money. For 12 cups of coffee, where you can get a hell of a lot more right out of the bag and always get the. The raw bean, you know, or not the. The bean. Grind it and put in those little K cups, man. And if you want, put a little Tupperware container, grind a couple. For a couple days. I don't. Wouldn't do that. I like grind it fresh. But if you're pressed for that, then you just fill them up. Surprisingly works amazingly well. And it tastes delicious, man. There we go. Very good. Yeah, man. That's. That's the way. That's the way to travel. You got to make it so that it works for you guys. And. And the taste. Delish. Stuart Alderati, general counsel over at Ripple. He said today's Ripple submitted an additional letter to the SEC's crypto task force addressing a key question from Commissioner Purse's new paradigm speech. When does a digital asset separate from an investment contract? We appreciate the. The continued engagement with the task force. I mean, sucking up to this imaginary task force that was just created for who knows what reason. We're. We're a different sec. We're pro crypto. Let's create a task force so dumb those. Dumb as those Balloons, Jeff, that were just going up those dumb balloons. Start the celebration. Boom. Fireworks. So I mean here it is right here. Here's this crypto task force. You can see it. And there it is. Their members, dear members, esteemed members of the SEC crypto imaginary crypto task force. Which is better than the old Gensler task force because we are going to look at crypto non regulation differently. Thank you for meeting with us on May 20th following our conversation. In light of Commissioner Purse's new paradigm speech, we believe the analysis by Lewis Cohen at all and the electable modality of securities law why fungible crypto assets are not securities. We. I try to get Lewis on the show. He's a really good dude. He was going to come on, we just couldn't sing schedules. But I'd love, still love to get him on here because remains the most accurate reflection of existing laws. They explain there's no current basis in the law relating to investment contracts to classify most fungible crypto assets as securities when transferred in secondary transactions because the investment contract transaction is generally not present and these assets neither create nor represent the necessary cognitive legal relationship between identical legal entity in the one hand and the owner of the crypto asset on the other. That is the hallmark of security. This view was reinforced by Judge Torres's ruling of SCCV Ripple. Blah blah blah blah blah. Sufficially decentralized risks. Blah blah blah blah blah blah blah. Where fact specific analysis is required. Blah blah blah. To the extent the gap in the existing law. We appreciate the opportunity to continue this dialogue in this massive over bloated four page letter that just says good luck to you people. I don't know what this says but Stu signed it Samir Dong General Council of Ripple and oh, he's the chief legal officer. He's not general. He's not general. He's the chief legal officer. That Samir Don is the other one of Deborah McCrimson. And there you have it. There's the letter. Big deal. Nobody cares. That's what, that's what it is.

[Jeff]

By the way. It's 10 Carolina over Panthers in the first period. 2 minutes and 32 seconds left remain in the first and it's currently.

[Chip]

Where it is.

[Jeff]

It's 31 for the series. The Panthers really should have taken the game last on Monday night. But now they're here. They.

[Chip]

They're letting them battle back. They let them lose.

[Jeff]

Yeah, they. Yeah. Three two then. It's getting close.

[Chip]

Three in a row and it's three. Three. Then they just Destroy them. Six to nothing. Here's, here's our Speaker Mike Johnson. Elon Musk today said his time as a special employee, government employee, has ended. He wishes the Doge team will continue success. And you know, he needs to go back to running his companies. Elon Musk and the entire Doge team have done incredible work exposing waste, fraud, abuse across the federal government. From the insanity of the USAID's spending, defining over 12 million people on Social Security who are over 120 years old. Meanwhile, people in your own family, your grandmother, she barely get hurt, you know, check. But people were, there were how much 12 million people. And there were people that were 120 years old, but nobody like, I wonder if that's real. That's how many people are old. The House is eager and ready to act on Doge's findings so we can deliver even more cuts to the big government. The President wants and the American people demand more cuts. The big government, I should say, right? We will do that in two ways. First, when that White House sends its rescission package to the House, we will act quickly by passing legislation to codify the cuts. Because there's a lot of things going around that Elon Musk was disappointed that they're not. This, this big beautiful spending bill is appropriations bill. You cannot put unnecessary spending in it. So all this stuff can't go in there. So what Mike Johnson is clarifying here is that once this other goes through, they will codify, I mean, make all these Doge cuts permanent and the House will use the appropriations process to swiftly implement Trump's 2026 budget. So he's distinguishing between the two. I know a lot of people got it wrong and even people who should know better, a lot of people should know better. But thanks to people like Stephen Miller and also, you know, the, the speaker, we kind of know how this goes. So in the meantime, we've been working around the clock as we prepare for these processes. The House made sure to build on Doge's success within the one big beautiful bill. Stephen Miller has made an important point about the two efforts. DOGE found savings in discretionary spending such as funding agencies, while our one big beautiful Bill secured over 1.6 trillion in savings and mandatory spending such as Medicaid. Both are historic. Both take huge steps towards addressing our debt and deficit. So thank God for Stephen Miller. Man, I'll Never forget in 2015 or 2016, the first Trump rally, second Trump rally I attended. First one was in 2013. But the second Trump rally that I Attended. I remember Stephen Miller got up and spoke and I'm like, who is this guy? Because I didn't know who Stephen Miller was. We never heard his name before. But he got up there and he just kicked ass on stage.

[Jeff]

Oh, yeah.

[Chip]

When I saw him, when I saw him, and I was like, dude, who is this guy? And then you kind of. He's way more out in front in this administration. But he's always been that dude with this. He's written, you know what, speech writer. He's done all kinds of stuff. He's brilliant. And so I remember the first time seeing him up on stage, they had, you know, gold star families and mothers and special speakers. But Stephen Miller was one of those speakers. And I was very impressed with, with the speech he gave and how we talked about Trump. He's been very. He's been huge. He's a good dude, as I like to say. He's a good dude. It's good. He's a really good dude.

[Jeff]

Two zero, by the way, they did score again.

[Chip]

Wow. They're just not. They just don't give a. Apparently.

[Jeff]

And the first to an end.

[Chip]

So here's this. You want. Jeff, you want to talk about. If you want to talk about some spin, listen to this spin right here. This spin is like brutal spin. This is the South African president. Listen to this.

[C]

And when it comes to the issues of arresting anyone for any slogan that is a sovereign issue, it's not a matter where we need to be instructed by anyone that go and arrest this one. We are a very proud sovereign country that has its own laws, that has its own processes. And we take into account what the constitutional court also decided when it said that, you know, that slogan, kill the Boer, kill the farmer is a liberation chant and slogan, not meant to be a message that elicits or calls upon anyone to go and be killed. And that is what I want court decided. So they will probably want to arrest people willy nilly. We follow the dictates of our Constitution because we are a constitutional state and we are a country where freedom of expression, you can change the bedrock of our constitutional.

[Chip]

I'll tell you what, Jeff, that's some constitution. So kill the. Kill the boar. Kill the white farmer. It's just, It's a rally cry, Jeff. Doesn't mean go kill people, even though known leaders are out there chanting it. It's just a cry, dude. It's just a rally cry. It doesn't mean, like, I thought the, I thought the Garling House spin and the. And you know, Was something. This is some serious spin. And then our constitution permits, and now I get free speech and all that stuff. But when you're chanting to and people are chanting, kill the boar, kill the white farmer, it seems a little bit excessive. It seems like, well, maybe you should take them seriously. No, just freedom of speech. It's based in their constitution. They're a sovereign country and they can do whatever they want is basically what he's saying there.

[Jeff]

So I was exactly.

[Chip]

So somewhat shocked by that. I was like, that's very interesting. Here's Charles Hoskins. And so crypto Eddie found this gem. She found this gem, and she put this up, and so I gave her all the credit on this.

[Jeff]

Wait, wait, before we play that, we got to take a quick commercial break, and then we can get back into it. Bottom of the hour. How many yetis do we have, by the way?

[Chip]

We only have 14 in the drawing.

[Jeff]

Right now, so we're gonna double that number. Here we go. We're gonna play this. We're gonna double that number. Here we go.

[Chip]

Here we go.

[Jeff]

Here we go.

[D]

With a badass yeti from the blue tribe. Word of the day.

[Chip]

Yeah.

[D]

Yeti, you got your zom and wallet ready?

[Chip]

Why?

[D]

Cause this is gonna be epic.

[Chip]

It's time.

[D]

Time to claim your legendary blue tribe Yeti of the clan Froze beards his name Y.

[Chip]

Let's go.

[D]

On the chain Badass yet is born for battle, made for legend. Claim yours, all be forgotten On a chain Badass yet is born for battle, made for legend. Claim yours all be forgotten.

[Chip]

Yeah, I was grooving to that, right?

[Jeff]

I like that one.

[Chip]

Yeah. The beginning B. Oh, y. Great, dude. Love that guitar. That was some good stuff. Holy cow, guys, we are up to 15. All that and one more.

[Jeff]

All that for one more. Come on.

[Chip]

You guys are weaklings. Guys are too much. Well, someone has 1 in 15 chance if you. The thing is, if you type yeti once, you can type it 100 times. It only records it once, so that doesn't help you if you record it multiple times, as it only sees it the once, which is probably. I see a lot of people typing yeti, but they already did type yeti, so no big deal. But crypto area. Can you see me?

[Jeff]

Can we see him? They see us.

[Chip]

Art yeti. Yep. That's soundtrack worthy right there. Yeah, yeah, that is soundtrack. That's like a soundtrack for a game.

[Jeff]

That'd be pretty cool.

[Chip]

So here we go. Jeff. This is going to be crypto Eddie. She found this little gem about Hoskinson talking about Bitcoin also mentions XRP in here. But Right around the 1 minute mark is where he drops the bomb. Let's see if you guys know what that is here. Let's listen.

[E]

Look at the competitive landscape. I say, okay, where is going to be the big growth in terms of TVL transaction volume and overall utilization of these networks? It's going to be Bitcoin defi and it's going to be real world assets. Those are the two things that are just going to be huge. So Bitcoin DeFi is four times larger at its peak than Solana and Ethereum combined. Like the whole market cap if you think about the ratios. So because of Taproot it's starting to turn on and you need companion compute layers like Stacks or Cardano or these things to be able to run all those transactions that are secured by bitcoin. And what's nice is if you put them together in just the right way, we'll see a larger and larger amount of TVL coming from that side. Same for XRP to Cardano. We have very strong relationship there. And I'd like to see XRP defi onto Cardano because that's like over $140 billion of value. And they don't have smart contracts.

[Jeff]

Right.

[E]

A lot of things you have to understand like what is unique and what's commoditizable. So you have a lot of people that, oh, we do this much TPS and we do that and that. I don't care how big you think your dick is, guys, it's like in 1836 months people are going to copy it. So differentiating features are things that you can't copy paste, you can't copy paste. Good governance, you can't copy paste. Stability, reliability, you can't copy paste. A good community, you can't copy paste. Network effect in real world use cases that the network is being utilized for.

[Chip]

Crypto. Already found that one. What a gem. I don't care how big you're. Yeah, I don't care.

[Jeff]

That was a really good clip.

[Chip]

Someone's just gonna copy you. He's like, he talked about the whole tokenization thing. What I like about Charles is he has a way of just being real, expressing a lot. I mean that was a short clip but he said a lot, talked about commoditizing. What's duplicatable. What's not duplicatable is you can't cut and paste communities. Like we'll cut and paste this one and put it over here. He's talking about the communities which make all these things tick. You know, xrp, Cardano, passionate communities. Now the Bitcoin is passionate, but only about one asset. Like they, like they would play the stock market. We only believe in one stock. There's only one stock. The other ones are all garbage. And that's their mentality. And you realize that's just the dumb come from there. It doesn't make any sense long term. If there's only one, there's only can be one. It's not highlighted. There can only be one. And you know, it's like, you know, it's not how it works, man. It's not how it works.

[Jeff]

So, Scotty, how about DeSantis making Florida crypto capital? That'd be, that'd be a good idea. We, we should be the crypto capital of the US I wanted Byron Donald to push the crypto message. Byron has been on the forefront, but you know, now running for governor, you know, be that there's still time, wait till we get into full fledged campaign mode for governor. We're going to start seeing probably a lot more of that.

[Chip]

Yeah, definitely. For sure. And, and so, you know, thank Deaton.

[Jeff]

For getting involved in the lawsuit today. That's interesting.

[Chip]

Yeah, I saw him tweet that picture out today of, of him and Donaldson. He said, thanks for stepping up and running against Warren. Yeah. Message was now, you know, we talk about Jake Tapper a lot here. And let's see, Jake Tapper, Fake Tapper. We like to talk about Fake Tapper. The, the guy that wrote the book about Biden's a client. Totally shocked. Meanwhile, he defended him every time someone came in and said, look, the guy's not sure what are you talking about? That's the famous one with Lord Trump. And you know, he's doing his thing and because the whole message of that whole thing was we need transparency. The White House needs to release all of Trump's records. We need to know everything that's going on with Trump 247 because we don't want to get duped again. That's the real rub. There's nothing to do with them. Admit they all knew he was a whack job. They knew he wasn't running the White House. They knew, knew they were running the water pen. This is not news to anybody. They, they pretended because they put party over country. This is who they are. But listen to Jake. This might sound a little startling, but listen to what Jake Fake Tapper says about the left. He brings in a very personal story here. But Listen to what he said. Was shocked that he said it, but it's about time he's, you know, call out the big elephant in the room here.

[F]

Went on a left leaning podcast that she'll remain nameless. And we were talking about my kids because I think they were both people without kids. And they asked me about my son and I said he was, you know, he's, he's a football player and he wants to be a policeman. And their joke was about my 15 year old son. Oh, how does he feel about minorities? Like the idea that he wants to be a policeman, therefore he's, he's racist, my son. And like, you know, that was the big laugh. And then I got dragged in the comments and all that stuff and I thought to myself, this is why you fuckers are losing elections 100%. Like my football playing son who has no political views. He's 15. He thinks about World War II and gaming and playing linebacker. That's his world. You're deciding he's a racist because he wants to be a cop. And why does he want to be a cop? He wants to be a cop because he wants to help people, you know, and, and he thinks that's the best way he can help people. And that's how the Democratic Party talks to men. Not just white men, but men. And I mean I, I get the idea that they thought Tim Walls could what, what, what's the term he, he used code switch or something. He thought that he could, he could translate the Democratic Party values because he hunts and fishes and owns a gun and was in the army and drinks a beer. I mean, at least there was an attempt, but I find it just insane.

[Jeff]

Someone else getting red pilled. Is that what's happening?

[Chip]

I don't know if you noticed the other dick he gave, you know, typical, like if you look at the left leaders of Europe, they're all childless, they've got no, they're, they're morally, you know, corrupt, bankrupt, whatever you want to use. They don't have kids, they don't, they're not trying to do better for another generation because they're just a bunch of do nothings. But he got that dig in early. He said, you know, who are both childless. That's what he said I want on a left leaning podcast which will remain name is okay, we're not going to figure out which one Jake. But when he said that's why you effers are loose. Can we pull that quote out of there? You think that's clean enough? We can pull that out of there.

[Jeff]

Unfortunately again we have to see.

[F]

Went on a left leaning podcast that shall remain nameless. And we were talking about my kids because I think they were both people without kids. And they asked me about my son and I said he was, you know he's. He's a football player and he wants to be a policeman. And their joke was about my 15 year old son. Oh, how does he feel about minorities? Like the idea that he wants to be a policeman therefore he's. He's racist my son. And like know that was the big laugh. And then I got dragged in the comments and all that stuff and. And I thought to myself this is why you are losing elections 100%.

[Chip]

This is what perfect somebody. We. Every time we play a clip of this we can play that little collectus.

[Jeff]

I love that. And it's.

[Chip]

And it's fake Tapper. It's great.

[Jeff]

I think he's. He's being red pilled.

[Chip]

Well if you just be real. I mean you know who else is Chris Como, governor's brother. Like he. I listen to him and he just goes full out like freaking. I mean look, at some point you get to the point where you go this doesn't make sense anymore. We're not. It's not a good thing. You know, what do we stand for? For nothing. We don't stand for people anymore. We don't stand for the. The little guy, the you know, for the working men and women. Like what do you stand for? A bunch of. For the 1 percenters, the half the percenters. Like what's the point anymore? But I thought that was a really amazing. Interesting.

[Jeff]

That's how it started with all of them. Every single person that has been red built that's been a big Democrat supporter. They start with that. They're like what are they thinking? Why are they attacking me? It doesn't make any sense. And then it goes to the next level where more, more and more what he. You. We'll probably see him coming out with more commentary like this and then he's going to start commenting in you know, out in the open. Probably on X or something like that. Similar to what's his name, you know the big philorant philanthropist and he's coming out after hard. No, no.

[Chip]

Blackman. Bill Ackman.

[Jeff]

Bill Ackman. I don't know. I couldn't think of his name. You know he went through a very similar process and now look, you know, now he's. It's like MAGA number one. You know and it's. They all go through this process and this is where it starts. And they can't believe it. They're in shock. Right. But then, but then he's gonna. He's gonna go into that kind of rational or irrational stage where he's not going to believe that these are thoughts coming out of it. And he's gonna start, you know, kind of trying to explain away now why he's speaking more right wings. And then all of a sudden, you know, he's going to be conservative and all the. And he's going to be attacking them on a regular basis. He's, you know, it's a. It's really interesting to see, you know, how this progresses. But he's definitely on the way. So Bill Ackman got there pretty quick.

[Chip]

I think Tapper is about to get fired for the cartoon news network. Yeah, well, maybe he's doing a lot of speaking, you know, I mean. Yeah, no man worth his salt should vote for Democrats. No, no. Know anybody know anybody worth their salt? I mean, there's. What do you. There's nothing. What do they stand for?

[Jeff]

Liberty media. John Malone owns cnn. Malone is conservative. I think he's going to move the network to the middle or the right. Actually. CNN would be good, like dead center in the middle, you know, bring it back. So, you know, it makes it more fun if you're going to have opinion shows, right? Kind of like, what was it? Hannity and combs. Hannity and combs was always fun to watch because he had like this back and forth, you know, commentary, you know, and Combs, he was just a shock jock, you know, that went politics. So it was always enjoyable to watch that show. He wasn't good on his own. Hannity, you know, is okay to watch. But you know, I kind of lose interest in those talks.

[Chip]

I lose interest in Hannity because he repeats the same thing every 20 seconds. I'm like, dude, I can't. I just. I can't.

[Jeff]

It's too much already.

[Chip]

Yeah, it's too much. And him and Combs, it was, it was fun while it lasted. But you know that guy, what's his name, Scott, the conservative loan conservative on cnn. Those are all the ones that get the poll, like the back and forth. That's what's interesting to watch. You know, the opinion said they think this, we think this way. It. The conflict is what people want to see. They don't want to see everybody just like, you know, 247 digging on Trump's of this he should be arrested and blah, blah, blah.

[Jeff]

Said brings up Another good point. They always start by saying, I still don't like Trump, but yeah, I like his team or I'm supporting Trump because of this. But I still think, you know, yeah, there's always that. That's what Agman did for a while and he kept it. And then all of a sudden one day, just like, what am I thinking? This is why I support Trump. And it was bizarre. It was like because you. We watched the progression and Chip and I would talk about it every time.

[Chip]

There was a post come out and say, come on, you know, just come on. Say that. That there's a lot on the left that were like that. That were. Especially in the. Especially, you know, in the. All the guys from the. All in pod too. They'll all former leftist. I mean but Tim Pool makes a really good, he makes a really good argument here because this is. Tim Pool is solid now. Tim Pool also was a, was also a Democrat leftist, you know.

[Jeff]

Right.

[Chip]

And he's come a long way, so he details it pretty well here. Whole of the left, let's be fair too. That is a very small percentage of people. I can do the same thing with the right and I can say, look, the right, they're completely insane. Look at these nut bags on Twitter.

[G]

You'd be wrong.

[Chip]

Really? Yeah.

[Jeff]

I love that.

[G]

RFK Jr. Former liberal Tulsi Gabbard, former Liberal Donald Trump, former liberal Elon Musk, former liberal Colin Wright, former liberal Tim Pool, former liberal how is it that the popular vote winner, Donald Trump was a Democrat up until his first term? That Tulsi Gabbard DNI former former Democrats that I supported in 2020. I never voted Republican. I didn't like Republicans. And now the Republican Magnum movement, not the neocons, is an eclectic bunch of diverse views which debate each other. How is that Charlie Kirk Christian, conservative with one of the largest conservative platforms, invites moderate pro choice Tim Pool onto his stage for his biggest event of the year to discuss those views to the public on the left. What do you think would happen if you went and opposed their views at a public forum? You'd be threatened with violence. And I'm not saying literally everyone all the time, but booking liberals to come on my show or any other show. We people, we have the same problem. Yeah, they refuse to do it. They don't want to talk back in. I think it was 2018, but.

[Jeff]

And by Joy, we should say why as well. They're scared of their own sign.

[G]

It's a cult.

[Jeff]

So.

[G]

So I can sit in front of a libertarian like Dave Smith, who is going to rant about how Israel is bad, and Charlie Kirk at the same time. And we leave with beers in our hands, smiles on our faces. And Dave will say, charlie, I really do appreciate it. I think you do good work. I know we disagree. The left doesn't do that. They firebomb your buildings or they just don't show up, or they try to get you fired, they swat you, they harass you. The reason I say it's a cult is because you could not define what they believe. It's impossible. You could not map the logic of their principles or plan for this country.

[Jeff]

It's about feelings.

[G]

Yeah, it's. I, I think it is. But if you break it down, it's largely about adhering to the murmuration. The left swings around randomly in random directions. Nobody knows exactly where they're turning, left or right or up or down. They're just trying to make sure they stay safely in a position where someone else won't bludgeon them and have a bike lock. So Tesla's a great example. Two years ago, Stephen Colbert bragged on his show he owns a Tesla. Today he's making jokes about how it's funny that people are firebombing them. Well, that makes sense.

[Jeff]

The irrational. They're so irrational.

[Chip]

It's. This is the whole thing. It's like, you don't stand for anything. They're gonna get destroyed in the midterms. I think the midst. I actually think the end of the Democrat party is coming up because you cannot continue to be that tone deaf and still go 100 miles an hour in the same direction. Like, it's just, it's not a sustainable thing. It's almost like they, like, you know, people just don't understand us. We gotta go harder with the message. The nuclear logic bombs right there. It says DNI right there, baby.

[Jeff]

Man, good to see you here with us.

[Chip]

Eni.

[Jeff]

What did that guy say? What's that? He's definitely legendary. Legendary guest. What did. What did that guy call them? Nut sacks. I like that people, nut sacks.

[Chip]

He's. I just picture, like, you know, anytime you ask any questions, the man on the street, woman on the street interviews, where they're asking them questions, they always react to this in this, in this way where they, they start getting angry. But it's, you know. You know, I remember back in the day, you know, I used to tell. My great grandfather used to talk to me about the insane asylums used to have. There were a lot of them. People were depressed. They would put them in these asylums and I don't know, do experiments on them or something. I don't know what they did, but we don't have enough, like, places for mentally ill people in this, in this country anymore. Like, there's so many mentally ill people and they're like, dude, I don't know what's going on with this person. They're mentally ill, dude. That's the whole point. Liberalism is a mental disorder. The sooner we recognize it, the better. We'll all be just like, hey, have a little compassion in your heart that they're a little, A little cuckoo.

[Jeff]

Definitely cuckoo for Cocoa Puffs.

[Chip]

Cocoa Puffs. Cuckoo. COO for Cocoa Puffs. They're just nut bags. I mean, there's just no other way to another way to discuss it, but I think it's time for that drawing. We only have 18. I was hoping we could get the 20.

[Jeff]

All right, hang on. Well, we're gonna get.

[Chip]

Before we do that, I'm gonna play one thing. This is JD Vance at Bitcoin 2025. I watched the whole speech. It was very good. But here's JD at Bitcoin 2025.

[H]

Crypto is a hedge against bad policymaking from Washington, no matter what party is in control. It's a hedge against skyrocketing inflation, which has eroded the savings rate of Americans over the last four years. And as you all know well, it's a hedge against the private sector that's increasingly willing to discriminate against consumers on the basis of their basic beliefs, including their politics. That includes, of course, debanking users for second amendment advocacy or for ties to the first Trump administration. In Canada, the government did the same to kill those big truck driver protests in 2022. Less than a week later, they succeeded. The protests were over. But maybe most importantly, I see crypto as a hedge against one of the most dangerous trends in the digital era in both the public and private sectors. And that's of elites who, rather than innovate themselves, prefer to simply take over and co opt cutting edge technologies to assert their control over other people.

[Jeff]

They do.

[H]

And I know we believe this in this room. That's not bitcoin. It'll never be bitcoin. And you guys are going to make sure that happens.

[Chip]

He also went on to give like three pointers and things. He said that a lot, a lot of the left gravitates towards AI and he said it's just an observation. It's not 100% spot on. But he also said that a lot of folks who are very conservative or you know, right leaning really go towards, you know, crypto, bitcoin. And he said like you know, keep, keep, you know, vigilant and everything else. And he kind of made that, kind of made that sort of comparison. But his whole speech was great. I recommend you listening to it. That was just one expert. They're actually better points of that. He also said that because people got involved in government and because they took a stand about pro crypto, they made a huge difference, you know, in the election cycle. Talked a lot about, but it was a really well done speech. And you see why this guy. I mean think about any other vp, right? You think about pants, you think they're all forgettable. JD Is not forgettable. JD gets up and commands an audience. I mean if Pence was up there, he'd be like, who knows. Never like that dude always hated him. Always thought he was just a. And he was like such a fake ass kisser too. He's like President Trump is the greatest president in the world. I mean it just even makes sense like the way he would like bloviate on. On. On the topic. But. Oh yeah, but you know, I mean this is a whole different administration and it took a guy like Trump to put someone like a Tulsi Gabbard, right who she got ousted by her own freaking party. She, you know, you want to look at like how she took Warren down in the 2020 debates. She crucified her. She also took down AOC like she was brutally on and you know, they basically ousted her from the party. I mean it's kind of like she was an outcast. But you look at the most, one of the most famous family names, the Kennedys. You have Bobby Kennedy who. I mean everyone loved the Kennedys on the left until Bobby Kennedy went off and stopped his campaign and endorsed Trump. What did they do? Well, they fought to keep him on the ballot on states because they wanted people to be left in the dark and still vote for them and take the away from Trump. I mean this is the kind of people. And you saw how he was out of anybody. Jeff. I don't see. I've seen some of those hearings have been rough for confirmation. None of them was worse than Bobby Kennedy's. His. His confirmation, they were brutal. They were out for blood. These are the people who used to embrace the Kennedys who to used who love the Kennedys. And he. And it kills Bobby because he's like, I'm a Democrat. I was a. I this my whole life. My, you know, my Father, my uncle. You know, this has been my whole world. And it's amazing how horribly they have treated him. Just insane.

[Jeff]

Yeah.

[Chip]

Okay. You're.

[Jeff]

Well, still awake.

[Chip]

Oh, you're ready for. All right, we're gonna play the. We're gonna play the com. The. The yeti commercial, the yeti trailer, and then we're gonna do the poll. And we got 19 in here. So as soon as that ends, we are gonna do the drawing. Guys. So here we go.

[D]

From the Blue Tribe. Word of the day.

[Chip]

Yeti.

[D]

You got your zombie wallet ready?

[Chip]

Why?

[D]

Cause this is gonna be epic.

[Chip]

It's time.

[D]

Time to claim your legendary Blue Tribe. Yeti of the clan froze beards. His name Joan.

[Chip]

Let's.

[D]

On the chain, Badass yet is born for battle. Made for legend. Claim yours all be forgotten. On a chain Badass yet is born for battle made for legend. Claim yours all the be forgotten.

[Chip]

Man.

[Jeff]

You know, Amy also be forgotten.

[Chip]

Scotty says Some Saudi prince bought 121 million of XRP today for a trust fund. That's one person. King says he's here. Syncopated beats rules as Chad. Eli Brown says I'm queer. I'm not sure this is the show for. Okay, you're not fiorgan around. Oh, clever Jorgen. Meanwhile, half the time it mispronounces the most Scotty. I tried to get their thoughts on that. 121 billion is a big deal. Don't bother. I'm winning. Says crypto. Well, you know why? Because you stayed up.

[Jeff]

That's right.

[Chip]

There you go. He's just kidding. He's just kidding. Okay. He's one. As if he put something outlandish and get it up there. Eli Brown.

[Jeff]

I didn't see Ellie Brown or Eli Brown putting a urging around.

[Chip]

Georgin out. F. Around. Out. No, you can't be out yet. Tni. You gotta put your. You gotta put your type in Yeti there so you have a chance to win this. Dude.

[Jeff]

Get your yeti.

[Chip]

Come on, Dni. You're not out yet? Fion around Fjordin out? No.

[Jeff]

All right.

[Chip]

Too early. All right, here we go. Here we go. Ready, guys?

[Jeff]

Here we go.

[Chip]

Put the badass Yeti song on and I will.

[Jeff]

Okay, there.

[Chip]

And I will put it up and we will do the poll.

[Jeff]

That one all over again. I could have that run in the background. Or we can just have the badass yeti one.

[Chip]

There we go. Ready? Here we go, guys. Oh, someone got a late one in there. Might have been Eli Brown got on there. So we have 1 in 20 chance of winning. This is fantastic. Let's go. Yeah. Legendary wins about no fjord around. All right. Legendary. Are you here? Nice. Yes. Nice. Bismizzle explosion. Dod. Okay. There you go. Yatai. Smooth. Congratulations. Here, a legendary. We need your. Your X handle as well so that we can put that out there. You got Fjorden, man. Legendary legend. You know, we have to do is. We have to take the one where he's like all the. With all the. The still and put that up here. Yes, he's this. He's got all the lights and stuff.

[Jeff]

That'd be a good one.

[Chip]

That's pretty cool. Come on, man. He checked in. He said he's here. All right. No, don't care. He wants to do. He's like, let's go again. Congratulations.

[Jeff]

All right, I gotta pull YouTube. Hang on a minute.

[Chip]

Quick like a yeti. Quick like a yeti. Lanjon longon long. There it is, dude. There's the address. Baby said it first. Now you are the first one to say it. We usually hear rigged a lot. They were like, oh, legendary. It's cool. So this is great. All right, throw that over.

[Jeff]

Beautiful. I found it. Oh, let me mute pause. I found it. And Chad Nauseam is number one in the community at the moment.

[Chip]

He's always number one in the community. Seems like he's always number one.

[Jeff]

The whelp is number three. Here we go.

[Chip]

What about number two?

[Jeff]

There is no number two.

[Chip]

Sounds like Michael Sailor. There's no number two. There's no number two.

[Jeff]

You are one. You are number eight. Who is number one? I am a free man. I am not a number. Is it the other way around? All right, here we go. Do you ever see the Prisoner?

[Chip]

Yeah.

[Jeff]

Yes. I love that show.

[Chip]

Yeah, I've been to the set. I went to where they filmed that.

[Jeff]

All right, here we go. Getting ready to transfer. Logging in momentarily. Hold on a minute. Scanning it. Getting ready to transfer it. And off it goes. Wait, there we go. Transfer has been submitted. Verifying and sent. Successfully submitted. Legend, proud owner of badass Yeti number 224, which is Bjorn of the Frost Beards. Fjorn. That's right. Fjorn of the Frostbeards.

[Chip]

Fuel is number three. Three. I say three, but then disappeared. Damn. Yeah, I always hate when that happens. These yetis are rare as f. I want one badly. Don't worry, Eli. Keep showing up, man. You'll get one. You'll get one. But if you do want to go get one to pick one up, you know where to go. You go to Badass you go to XRP cafe and you can go get one over there. You can always mint one or you can purchase one for some xrp. You can find out exactly the one you want, which is always a good thing, too, since we're talking about the blue tribe. You go to XRP cafe and type in badass yetis. You can get these. Now check these out. These are. These are selling less than the mint. Mint is 16 here. People selling them for 9XRP. So for 9XRP, you can buy these under cost because people are just selling them. There's 16 is what it would cost to mint one. If you wanted to, you could see the exact one you could purchase, connect your wallet, you go buy one.

[Jeff]

That's it.

[Chip]

There you have it.

[Jeff]

It's easy squeezy.

[Chip]

Some people are saying, hell, no, you're not getting my yeti. I'm selling this one for 7500 xrp. This one's 4000. Yeah, you want to play? That's how it works. Dude, this one's 10,000 XRP. Dude, this one's 5.89, 5 8, 58, 900 XRP. And it's only 266 rare. This one's 5 on the rare, but it's 7,500. There you have it. So if you want, you can go and buy some ties. There you have it. All right. Did you. What about legendary? Did we get your X handle?

[Jeff]

Dude, we did. We got his X handle. We got everything. I worked all set.

[Chip]

I guess it's time to bid the farewell. My God. This week is flying by. We are going to be broadcast at 8am on Saturday morning and we're coming into a new month almost in the month of June here. Amazing. Amazing, I say so. That's all we have, Jeff.

[Jeff]

All we got. We are pretty much out here.

[Chip]

Ship fjord, are you down with otc? Please, like, subscribe and click the bell to be notified when the next video drops.