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Jeff
Welcome to on the Chain. This is Jeff here with co host Chip. What is going on, everybody? We are here, punctual as usual, right at 8am you might be late yourself, but it's 8am over here. So welcome to on the Chain. Looking forward to diving in and digging in and getting into the topic of the day, Ripple and Tether. We talked about Ripple and Circle the other day and Ripple got kind of the door slammed in their face on the whole circle thing. Now Ripple and Tether. We actually talked about Tether on that show. So what is going on with Ripple and Tether? Well, we're going to talk about that today. 50% of crypto dead. That's right. 50% of the crypto projects that have been built are no longer out there anymore. And that number might keep rising as they keep crashing. XRP and XDC taking center stage. We're going to dive in, dig in and workshop all this stuff. Chip.
Chip
Yeah, I'm ready. I'm ready to dive in to the shallow end for maximum impact. Let's go. Welcome to on the Chain. Welcome. Jim g. Says an 820 start. That's false. That cannot be true. That cannot be true. We did have some difficulties which will prevent us from having a original song today. But that's okay. It happens.
Jeff
We have to have the song. Just no video.
Chip
Yeah, we have the song. No video.
Jeff
We might play the song up there. That could be it.
Chip
We'll just play the song. But anyway, we usually keep a pretty good, a good sort of, you know, cadence of having a video for each new badass yeti that we're giving away. Also too. Very shortly we are coming up with some more exciting news on the badass chimps. They will be affordable, they will be good and they will be limited and they are bad ass for sure. And so we'll have news as that develops. But hopefully they will launch later this month, if not sooner. We'll keep you guys tied into all that. Good day, lurkers. Guys, tell us where you're coming in from. If you're from down under, there you go. You don't. How do you say you're from. How you say you're an Aussie without selling you're an Aussie right there. That's how you do it. G'day lurkers. That's how you do it. So there you go, everybody welcome. 8:00. Is faking to start fake news. Of course it is. We try to. We've been pretty good about starting on time but sometimes, man, you know it just. It gets a little weird. We. It just happens. Good morning from New York. Look at that. Miguel Castillo coming in New York. We got Matt Laroche coming in from Down Under. Beautiful. All right, beautiful, guys. And all of a sudden, Jeff's starting it off with the yeti. First one in there with the Yeti. So guys, type in YETI because we will be giving one away at the end of the broadcast. Of course you have to be here. So if you win and you're not here and you don't come in and we don't say like, hey, I'm here. I'm getting my Zaman wallet. I'm also getting my expo. My X handle for you. So we can tag you in the post. When we put that out on the socials, we'll want that as well to sort of like be able to do that. And I've seen everybody look at checking in right there. There we go. Crypto G. Crypto G. Remember that, the time last. Late last year we hung out. That was cool. That was awesome. That's cool. It's always great to meet you guys. Emergency met, of course, Jim D. We had a beautiful. We had a great meal with Jim D. And some awesome conversation, man. It was some deep, awesome conversation. And so, you know, we love that. And of course, who else? He's not here yet. At least I don't see him chiming in. But it's just nice when we get to meet you guys in person. It's one thing to guys be talking in the chat, but Jeff, it's so cool to be able to meet everybody in person, right? We had a good time with Jim D. Jim D's a incredibly. We always try to get him on the show because he's very. He's always got a good take on things. We said, you can come on anonymously. You don't have to show your face. You can come on and you can just join in. You can. We've had people come in anonymously. I know you don't want to give that away. So it's always an open invitation. Of course. Chad nauseam. We met. And Chad, we met him at the Quantum Summit. He made a promise before we met him and he said he would have a name tag on. And as soon as I saw him, he indeed did have the name tag. So. So that was. That was pretty awesome as well. We had. We. Of course, that's. That's his handle. But we. I was almost slipped inside his real name. But we had a great time hanging out with Chad. It was a lot of fun. Hung out the weekend, you know, it's just phenomenal. Again, great conversations, we had a nice meal together, some good laughs, which is always a great thing, but you know, always a big privilege for us. So. By the way, Matt's starting a rumor. The ripple doll for 20 billion for his, for his yeti. It's just a rumor at this point, but you know. Well, I love that. I love Jeff. There's so much conversation about this Ripple thing going on with, you know, I mean, if you noticed, everybody is super excited about this offer that was made. Apparently somewhere between 4 and 5 million billion dollars was made to Circle. And it's weird because we haven't really heard anything from anybody at Ripple. Brad Garlinghouse hasn't chimed in. We haven't heard anything from Stu Alderati. So they didn't come in and deny the rumor. Right. They haven't said anything about it, which leads me to believe that something's going on and who's leaking this info to the press. And then the latest one was there's been conversations that 20. And the reason Matt brings us up is because there's conversations about 20. Apparently a 20 billion dollar counteroffer. Now I, I thought to myself, now if you're going to, if you're going to say if, if you're gonna do something, it should be believable. Like you make up a number, it's like 4 to 5 billion. It jumps from 4 to 5 billion to 20 billion. I don't know, man. It seems a little bit unbelievable. I don't know that. And, and that, I don't know that that's necessarily true. But, but I thought this, this was a great post by Moon Chaser that kind of really captures the entire sentiment here. Let's look, take a look at this here. She said Ripple allegedly tried to buy Circle and suddenly we're all M and A merger and acquisition experts.
Jeff
That's right. Everybody's an expert.
Chip
Of course we're an expert.
Jeff
We're all, we're all experts, Chip. We all know about. Well, the thing is, you know, if you workshop it, if you analyze it and you look at it and you have zero facts, you weren't in the room. Then of course you're an expert.
Chip
That I think that deems you an expert, Jeff. I think that's the definition of expert right there.
Jeff
It's definitely the definition of expert. If you look in the dictionary of.
Chip
Experts of XRP influencers. Yeah, that makes you the expert. Right. It's like if you weren't in the room. You don't know what's going on. Of course you're an expert. And of course I chimed in and I said, I'm like, who is. Who's we? I'm like, who's we? You know, this. Throwing that around pretty loosely.
Jeff
And so we are experts.
Chip
There it is right there. You.
Jeff
What's today? It's we and they.
Chip
We and they. That's my new.
Jeff
They always talk about each other.
Chip
Those are my new pronouns about it. Always.
Jeff
They always talk about it. They're always the cause, Chip. Yeah, they are always the cause of all the problems.
Chip
They are the probes. So it's like those are my. Those. Those might be my new pronouns. Jeff. We and they.
Jeff
See this, the king. I'm lying on my couch. I'm an armchair expert. See that?
Chip
Damn right you are.
Jeff
But he's on the couch and you're.
Chip
And you're the king. So the king always has to chime in. Of course. Why wouldn't the king give the opinion as an expert? Right? I mean, there's. There's no other way to think about it, right? I mean, if you think about it.
Jeff
Yep. Chip. The video actually came together.
Chip
Did it?
Jeff
Yeah, I shortened it.
Chip
Oh, good for you, man.
Jeff
The one song you weren't going to disappear over three minutes. I don't know what happened with. Have you noticed that you can't contain anything? All of a sudden the music is more important than the lyrics. I gotta figure out. The prompting is all messed up. It's different.
Chip
Yeah. Well, I like this. You know, I'm a big fan of John. John Nolte, who is the writer for Breitbart. He's funny as hell. Of course, he's altered it by calling himself John Okasio Rodham Nolte, so. But his pronouns are trump and one. And. I don't know. You guys should really ought to follow him. He. At Nolte NC in North Carolina. But he's. He's funny, man. I. The stuff he posts. He's. I mean, a second from the bees, probably one of the. One of the. Jeez, I'm just going through his. His feed right now. And he's brutal, too. He's brutally. And he knows he. He has his pulse. The guy is like a. A movie buff and he's got thousands of Blu Ray DVDs and I. He's got this massive collection, so he'll chime in about everything. He writes reviews and on new movies and he pokes at all the woke stuff. And, and you know, he, he also put this up. He's like, you know, I didn't only laugh at people who allowed themselves to be manipulated and panicked by the market flux after Trump announced the tariffs. I took advantage of your retardation to buy stock at the sale price. Y'all stupid. So. And of course the media was continuing to, to push that narrative that, oh, everything, the sky's falling and the tariffs and everything, it's like, why are people pushing us back so hard on this, Jeff? Like you're wonder they pushing back so hard, like. And I was like, well, do you not want to try something new or do you just want the status quo of how it's always been and always been crappy and always been bad? So moving right along to some XDC news, we're just going to filter some more XTC news in here. Prime numbers lab put this out. The first audited liquid staking now available on XTC network. 6% APY rewards from the very first second. So here's the audit right here and there are the docs. So you can see that they put the audit live on this. 6% is not bad right there. So I don't know. But again, not a bad.
Jeff
It's not an apy.
Chip
No, not bad at all. I mean, I mean if you're staking. If you're staking, yeah, it's not a bad thing. But again, there's always going to be some risk associated that. And Jeff, is this risky? I don't know. I'm just wondering, is this something that would, would this carry some risk at all? I mean, risking, Is it risking? Is it risking? Is it risking? Is it risking? Is it risky? I think it might be. So. But you gotta basically go, you know, at your own pace here. So I found that you guys are risky.
Jeff
The King loves xtc and he's an expert.
Chip
He's an expert. So take it from the King, he knows. And if you ever saw the History of the World Part 1, famous line out of that movie, old movie. It's good to be the King. It's good to be the King, man. Here's.
Jeff
Here we go. See that? Almost. Not late, you're almost late. But since we started promptly at 8:21, you're not late so much.
Chip
Yeah, so you're, you're actually on time, as they say. So here, here's what you need to know. So the XTC network achieves Omnichain interoperability with the Layer 0 integration in 2025. XTC Network Integrated Layer 0's core messaging protocol enabling seamless cross chain communication. The advancement allows smart contracts on XTC to interact directly with various networks without relying on wrapped tokens or centralized bridges, enhancing the development of the Omnichain applications. And you're seeing so much of this going on, I mean and other chains as well. But the interoperability which we've talked about for years Jeff but it's so key also the launch of the tokenized money market funds in partnership with Archx in collaboration with the Digital Asset Exchange. Our checks launched the tokenized versions of four major money market funds. This is also big so from providers including Arborne, Fidelity International, blackrock and State Street. So it's like this stuff is going on, it's like it's just under the radar. But I mean you think about this is just, I mean phenomenal right? But there's our checks, we've talked about our checks before. It's UK's first regulated real world asset exchange, custodian broker and registered crypto exchange. So this is big. Look at these names right here.
Jeff
Should look them up. Are they still around? Considering everything going on in the uk is it possible for the UK to take a leadership role in this new financial ecosystem?
Chip
Well according to Cassie Craddock that is exactly what is what is rumored to be happening and if you notice, if you know Ripple is one of their big presence is in the UK it's one of their bigger operations outside of the the Middle east, you know the EMEA area. So it's, it's and again when there's it was going on they were building and hiring outside of the United States because it was pretty much dead. Here you have xtc networks d5 total value locked reached an all time high. So as of early 2025 the total value locked in the XTC Network D5 ecosystem reached a record high of 31 million marking a significant increase in the previous levels. Part of the growth attributed to the expansion of XTC's DeFi protocols including Fathom Fi, the X Swap protocol and then the the wifi. Wifi wifi reflect an increased adoption and investment in the network's decentralized finance offerings. Then you have the launch of the XTC Web 3 Preneur Act Invest program. So they launched the partnership with Block on backed by XBC's tech 125 million dollar fund announced the next DC web throughpreneur act invest program. This accelerator venture builder is an initiative designed to Support Early Stage Web3Crypto AI Blockchain Startups in Asia. It offers milestone based funding, tailored acceleration. It's a pretty big fund. I mean wouldn't it be amazing if we saw something like that happen from Ripple that they launched 125 million dollar fund. You'll hear anything about that?
Jeff
Nothing. Well, again, you know, Ripple's primary focus is guess who?
Chip
Ripple.
Jeff
Oh, there we go.
Chip
I knew it.
Jeff
You're an expert. You're a Ripple expert. Well, it's amazing. They should be, right?
Chip
They should be. That's. That's who they're looking out for, you know. So what I liked about this, this update here too is I always see somebody talking about something, but if you're gonna talk about it, either put it in the main, the fact that these were sourced properly here, that they put the sources that were coming on with it or put it in a second panel. Because I always hate like I can't corroborate the story. I see a lot of politics breaking. Something happened. Okay, what source are you quoting? Where is this happening? And a lot of times you can't talk about it because just, it's just.
Jeff
Hearsay because of the expert589 chip.
Chip
And also when Sean of the XDC chimes in. I know it's good. I know Sean. So it's, this is a really good thing. So if you see if him, him chiming in here, the guy's really, he's a core member of the XCC network, Zinfin. Org. So the guy, he's plugged in, he speaks a lot on xdc. So when he says good research, that's how I know it's corroborated by somebody who knows the space really well, better than us. And he talks about that. So it's, it's pretty that that's also some, some additional one. But always put the sources in there, man. Don't why. And then the, the other one is they share a screenshot, Jeff. This is the other, the other big thing that I love. Somebody shares a screenshot of a new story. Just post the news story, right. And if you want to cite that part of it, then great. Just then. Yeah, under that just put the, like just put the screenshot above and then hey, below is the source. You got to be hunting around. I got to take that exact story to see if I can see it a lot. Yeah, it's just a lot of garbage, Jeff.
Jeff
It's a lot Chip.
Chip
It's a whole thing. It's a whole kind of a garbage type of thing. X marks the spot being you got X DC Margaritas Margaritas. Margaritas. You got xrp, right?
Jeff
Xdc.
Chip
Yatai, Yatai. In the meantime, I'm shopping. Well, good for you. Go ahead and just get some shopping done. It's good. You can multitas that. Fantastic.
Jeff
And it's early day over there. It's not.
Chip
Yeah, it's like afternoon, right?
Jeff
That's right.
Chip
It's afternoon.
Jeff
It is afternoon over there.
Chip
Beautiful day. It's. The weather's breaking everywhere. Really happy man.
Jeff
I'm dying to play this now. It's a short one here.
Chip
All right, let's.
Jeff
We gotta just roll into this.
Chip
Let's do everything.
Jeff
No kings, no leash just raging snow Titans rise Where the brave won't go.
Chip
Ash on their breath I cinder stare.
Jeff
Hat Goofa's here, you best beware he stomps the ground, the silence breaks Frostland shakes wherever he wakes Forged and cold he don't forgive when titans strike only legends live what's in your grip?
Chip
It's time to slay some and wallet.
Jeff
Loaded today Mount your beast unlock your.
Chip
Fame this ain't a game it's the badass name Nice that had a la la la la la. The little dance was too much though.
Jeff
It was a little much.
Chip
A little dance. All agree dances. That was pretty good, Joe. Buddy liked it. By the way, did you know that YETI thing is rigged? I knew.
Jeff
It's definitely rigged. Justin's gonna Type in YETI. Type in YETI.
Chip
YETI's in there. Yeti's in there. Rig baby. Rigged. It's rigged. Let me see. We have. Let's do the Yeti official update count. We've got 19. Oh, this is a pretty quick start.
Jeff
19. Look at that.
Chip
That's a quick start. Quick start to the morning. Let's talk about this. So you know, continuing the Ripple crypto minute we have Stu Alderotti checking in. He's him an update and what his thoughts are about this SEC case only as Stu can as general counsel of Ripple. But here's a short. Well it's. They call it the crypto minute. But just like when I used to the do the XRP minute which brought me into this whole streaming world, they were never a minute long. People would always be like chip, that's about three and a half minutes. I'm like that's really hard to get into a minute. So I don't think I ever had a crypto minute. You know, the XRP minute that was actually a minute long. But if you notice the White House doesn't does a the week in review minute and oftentimes it's a little bit longer than a minute as well. Right. I love that badass yetis underneath that.
Jeff
It's cool, right?
Chip
Badass Yetis. It is nice because we can't get dinged for original song.
Jeff
That's right.
Chip
You know, let's go listen to Stu. Let's. Let's hear his minutes, whatever this crypto minute is. Let's listen to this.
Jeff
Oh, good. I condensed six years of my life into 60 seconds. Hi, this is Stu Elderty, and this is Crypto in a Minute. So why did the SEC drop its appeal against Ripple? I think the real question is why did they bring the case at all? The SEC has not only dropped its appeal against Ripple, they've now dropped every case against every crypto company in the United States. Why? Because the SEC has now admitted what we've always, always been saying, that you can't bring enforcement actions for violating the law without first explaining what the law is. And we never had clear laws, rules and regulations regarding crypto in this country. So we're going to clean up the mess. We're going to get into the courtroom, we're going to get back to running business, and we're going to now press forward, working with Congress to get smart crypto regulation in place that protects consumers, that protects the integrity of the market, that keeps bad actors out, and most importantly, allows the innovation to flourish.
Chip
There you go. More importantly, want them to flourish. You know what's really funny about this? They left the template in there for. For YouTube. That's the YouTube template where you put the, like, what's next? And you, you add the things on there. We know this because. But you're like, what are those things for? Well, that's the template. So that there's. These boxes are supposed to be. Are the placement for. But it's funny, I guess if we pull it up on YouTube, we'll find out that those boxes were. No, Stu's not out of a job. Stu's the general counsel. You're always going to need general counsel to navigate.
Jeff
Still lots of legalese.
Chip
Yeah. But one of the things that I liked about this that Stu coined here, it's interesting because he's sort of given. Officially named what 2025 is. And I kind of like this. This seems like I'm almost like a mantra for what 2025 is. Stu Alderadi said that 2025 is the year of moving forward. And I can see that in so many ways. Right. So we had. We have a new president. Right. We have A new outlook on crypto. We have a lot of bipartisanship happening not only in the House, but also the Senate. We have, though, if there's anything that's bipartisan that can come together, we've seen it happen and develop with crypto, which has been sort of an eye opener because the other party, the typically the Democrats were so against it. But now you're seeing that with the election results and how many people, especially how many. I guess when you, when you look at the stats, one out of five people in the US Own crypto. Or is it two out of five, Jeff? It's two out of five. It's. So I think it was, I think.
Jeff
We were heading closer. I don't know if we hit 50 yet.
Chip
So maybe it's. Yeah, I think it's. Yeah, yeah, just below 50. But you saw that those, the packs, the political action committees that had the effect on candidates and a lot of the candidates that were pro crypto one. So you can't deny that. Although when you see, you know that you can run all kinds of fake polls you want and you can, you can position anything you want out there as far as what the, you know, if you want to create a result, you pull a certain group of people and you get the answer you want with leading questions. I don't even like a lot of the poll because poll questions, because they're almost often leading as well. So that's always a kind of a, a Debbie Downer. But let's play this video here. This is Ripple and their presence in the Middle east and Africa. Yeah, the Middle east and Africa is.
Jeff
One of the most promising regions in the world for enterprise crypto development and adoption.
Chip
The United Arab Emirates is one of the first countries in the region to.
Jeff
Provide regulatory clarity for the industry. We are proud to be the first blockchain enabled payment service provider to be.
Chip
Licensed by the Dubai Financial Services Authority. Yeah, it's pretty impressive in itself. And that speaking right there was Reese Merrick and he is the, he manages, he's the managing director for the EMEA region for Middle east and Africa. So it's grateful to be leading this incredible region for Ripple. And if you think the, you know, the first blockchain enabled payment service provider licensed by Dubai Financial Services Authority, it's pretty big and it's a pretty, you know, again, other stuff that's sliding under the radar. Let's see. Yeah, there's, there was more over here, I think. Yeah, so there's a whole, they wrote a whole basic, whole article about it, they had the little clip but they talk a little bit about, you know, strengthening the presence in the Middle east. You know in 2020 the Dubai office opened. That's where Ripple opened an office. The, the DFSA licensing approval allows Ripple to offer fully regulated cross border payments and the United Arab Emirates for business operating in the 400 billion trade hub, one of the world's largest and a 40 billion remittance market which means expanded access to faster, more cost effective and transparent international transactions. So again it's, it's an important place for Ripple to. On the payment front, Jeff, when it comes to you know, the Ripple payments and you know of course RL USD, which is Ripple USD, the stable coin that'll be. Will also have a big impact there as well. So again, just kind of showing you a little bit about what's going on out there in the world. You know you, you kind of tease this early on, Jeff, but I want to get your opinion on this. Cassie Craddock, who is she runs the. She's the director, Managing director over at Ripple. I know she's over there in the uk she said it's been a fantastic UK fintech week so far capped off by a very welcome news of draft legislation from the UK Chancellor on the honorable Rachel Reeves. She's an MP there. It's clear signal of intent from the government to position the UK as a global leader for digital assets. Let's stop right there, Jeff. The positioning the uk. She's the Chancellor of the. What the hell is that word, dude? Squish? I don't even know. Can you pronounce that, Jeff? What?
Jeff
This is Chancellor of the Exchequer.
Chip
Exchequer. I don't even know what that is. Hope someone's from the UK that can assist with this. I don't even know what that is.
Jeff
What is. What is an X checker?
Chip
I don't know. I don't know what. I don't know what that means. Do you? I mean I'm gonna have to Google this one. Let me see.
Jeff
That is used to be a checker, but it's now X of the checker.
Chip
All right, so that's a royal or national Treasury, British bank account.
Jeff
How do you pronounce it?
Chip
The money's checker. It's called X checker.
Jeff
Is it X?
Chip
That's what it says. X.
Jeff
Hit the play button. So see what it says.
Chip
Oh yeah, it's Exchequer. You won't hear it, but I hear it.
Jeff
Oh yeah, learn to pronounce Exchequer is what it is.
Chip
Exchequer. So we learned something New today but it's an E. Well that's how it's pronounced. I don't know man. They make the, they invented the language, they make the rules. I mean, I don't know.
Jeff
They changed the rules apparently.
Chip
Exchequer. So that's what it means.
Jeff
X checker Exchequer.
Chip
So anyways, so Rachel Reeves and MP there, Chancellor of the Exchequer, MP for Leeds west and Putsie, former bank of England economist. That tells you everything you need to know right there. For former bank of England economist. Speaking of bank of England we got Mark Carney who's the global. Well, let's not get into that. I don't even want to go there. Jeff said I wouldn't go there today. I don't want to go there. I saw some, another, some disturbing news that it's going on. It's, it's gone. It's, you can expect to crash pretty soon at Ripple we see a huge opportunity here. It's why the UK is one of the largest office hubs outside of the US with year on year investment into the operations and talent. And the draft legislation shows positive signs of the UK capitalizing on its second mover advantage, proposing an agile global competitive regulatory framework that reflects the borderless nature of blockchain. UK has the chance, that's the key word right there. Has the chance to lead. Now it's the time to move at pace. Read more of my comments to CNBC here. That But Jeff, what are your thoughts on this here? In some of the movement that's talking about which is potentially showing a positive sign.
Jeff
So you know, I mean there's a couple components to it. In order for us to see any kind of progress within this space there has to be some regulatory guidance. If you know the UK is taking the lead for some sort of regulatory guidance and it's happening at a fast pa A fast pace or now they're saying it needs to happen at a fast pace is you know, now, now I think there could potentially be competition between U S Progress and UK Progress without the presence of our current existing administration in the U. S I don't see anything else like this progressing at rapid pace. I don't think there would be the same urgency over in England let's say if we didn't see progress here in the US the fact that the handcuffs are now off of Ripple as a global entity with its base operation out of the US Allows this development at, at pace. And so I'm, and the other thing is I believe that all of the countries are, are on notice as well. So now that the handcuffs, hand handcuffs are off us, US Development.
Chip
Right.
Jeff
So because we're going to see, and we're starting to see regulatory guidance coming through and I believe it's going to happen faster and faster as we enter into 2026, probably not happening 100% this year, but who knows, we'll start seeing little drops. 2026 is probably going to be the most pivotal year The UK is preparing and that's exactly what they're seeing. Because if the U.S. moves, you know, the UK has to move without the U.S. uK initiatives don't really matter as much, you know, so I think that's a big part of it because this is a global initiative, you know, so that's, you know, so that's a big component. Mike is saying UK doesn't have the balls to take the lead on this. They would have to guide nest on this, you know, so I think again, without, without the US you don't see a lot of progress. And I think that's a, a big part of this. And, but I'm, I'm happy to see it. You know, we've seen all these years, Chip, we've seen major development in the Middle east, in Europe and they've, they've kind of dipped, you know, their toe or their foot into the water to say, hey, you know, we believe in this pro. We believe in the direction of this economic ecosystem, this, no, this new economic class financial asset. And we want to see progress. We're moving in that direction. We've seen some niceties from a regulatory perspective in different countries, in different areas. We've seen development in different countries while the U. S lag behind. The thing is, if we had any other administration in office right now, we'd probably see progress happening at like a snail's pace. But the difference with our existing administration is everything is happening at light speed and all these other countries are now playing catch up. And so they were already a little further ahead, but the gap is now closed. Now they're not further ahead and actually now we take a big step. They're all falling behind because we're welcoming freedom again. We're trying to shed the errors of the past. Sometimes you have to have a little pain to get the good. And, and so that's kind of the direction we're moving in now. It's kind of a more in depth viewpoint or look at it, but there's too many moving pieces to just say, hey, is this, you know, what, what's going on with the UK with this? It's good. You know the short answer, it's good, but for the US it wouldn't be happening. How about that?
Chip
Well said. I got nothing. I got no follow up on that. What happened to me? Did I freeze up here?
Jeff
Oh yeah, shoot.
Chip
What the hell happened here? It's weird, I look startled.
Jeff
Chip is gone. He's frozen and gone. So let's go through, let's go through some of the comments here because I think these are really key and James is saying Australia will be five years behind global change. As usual, Australia had an opportunity, but they bought into all of the nonsense. We've seen a lot of controlled nonsense happening. And the, the political, the freedom is also very critical when we consider economic freedom because if you take away freedom of speech, freedom of movement, freedom of control over your own health, economic freedom is meaningless. Your economic freedom does really is not, no longer bears any significance because you don't have any other freedoms in and around your life, your existence. So you, we've seen this in countries like go to, you know, you go to China. How many people within China have access to any kind of wealth and those that achieve a certain amount of wealth, how many of them are then dictated by and controlled by the government? Or if you have a company that reaches certain proportion, certain size, the government comes in and takes a board seat because you're, you're subject to the government. In the UK people don't have freedom of movement, but beyond that they don't have freedom of thought. In the UK and we're seeing this roll out. So if you can't post something on social media as a thought and then they come and they harass you while the, the, the people, the citizens are being harassed by foreign, foreign interlockers, you know, coming into the country that don't care about the development and further future of the country, they're there to take, they're terror, they're there to harass, you know, and so this is what's been happening throughout Europe, throughout the US Obviously in the UK all these things are, are all, you know, a big component of it. So you have to, you can't have, I guess, one without the other. So we need, we need our freedoms, we need our liberties. We need to be able to live and exist within our country without being susceptible to the speech police and everything else. Because then our financial, especially from a decentralized perspective, you think if they're going to take away your freedom of speech, they want you to have decentralized finance. I mean, that's a joke, right? So we don't have to go too far. We can look at to our northern border up in Canada. Then we'll see what they do because they're pretty excited about taking away everybody's freedoms up in Canada. And so first your health, then your financial. And, and they'll take every component of your existence away from you. They want centralized control across the board. D5 Decentralization doesn't factor into any of those conversations, Chip.
Chip
I mean, it's, it's, it's funny because everybody pretends and the, and even the trolls that hit me up on X when I say like, okay, go ahead and post this meme. I'm not really into memes. Of course you're not. Go ahead and post it and go ahead and put Keir Starmer on it, please. And if you're not into memes, go ahead and here, here's something you could post to criticize. Criticize, you know, the UK and Prime Minister Kira Starmer talk about this. I'm not really. Of course, you know, because you spend three years in the big house, you know, you'll be in the clink, you know, and it's funny, I, I never really knew the derivative of where the clink came from until I was walking in London with my buddy, my English buddy one time and we were going. He goes, you see? He goes, you see that? You know what that is? And I'm like, no. He goes, that's the clink. And it was, that's where that derived from a big jail in London. And I was like, oh, that's where the, the clink came from. I didn't, never really knew that. But there you go. You learn something new all the time. Fred Hoffman checks in. There he is. Good. Big. Good morning. It's. It's interesting because I want to, I want to show this. Basically, it's on topic here. Let me see if I can, if I can locate the. One of the million tabs I have open. This is the tab management thing. But, but this was posted here by Marco Rubio. Rubio's been killing it. I've been very impressed with him, not holding back. He seems to have been doing very well. But. And the reason this came to my attention was because Elon Musk had said, I'm never deleting this app, you know, because everybody always says that, of course, it's his app. So he's never deleting it. But this is it. This is Germany's Foreign ministry answer Rubio about the potential ban of the AfD party that's the, that's the party that's, you know, the underdog, whatever. So Secretary Marco Rubio said Germany just gave its spy agency new powers to surveil the opposition. That's not democracy. It's tyranny in disguise. What is truly extremist is not Only the popular AfD party which took second in the recent election, but rather the establishment's deadly open border immigration policy. And the German Foreign office chimed in and said, this is democracy. The decision is the result of a thorough and independent investigation to protect our constitution and the rule of law. It's an independent courts that will have their final say. We will have learned, learnt from our history that right wing extremism needs to be stopped. This right here is an epic little workshop and stupidity. Okay? This is democracy. And this is what Jeff and I talk about all the time on this channel, that the, and I've gotten pushback from a German national that's in this space and constantly talking about, you know, Trump, you know, Orange Man Bat, all this kind of stuff. Now what's interesting here is that what I brought up many times and what we've talked about is that the US Constitution is the only constitution of every country that was written by the people, for the people. Every other one was written by government. Every other one protects government. The, the, the constitution, United States protects the rights of the people and it limits the power of the government. And it's the only one. And then 200, coming up on 250 years. 2026 will be the 200, July 4, 2026, the 250th anniversary of the U.S. and so in 250 years, no one said like, huh, I wonder if we can rethink what we're doing and maybe maybe pattern some of it after what, the U. S. Constitution. Nah. Wow. I want to do that. That's the stupid idea, Jeff. I wanna do that. But what is your thought on this? This, I mean, can you imagine that you would volunteer for stupid? Like you would actually put this out and think this didn't reinforce exactly what Marco Rubio is saying? And you double down on stupid. Like, what are your, what are your thoughts on this response here, Jeff?
Jeff
Say this is democracy. This decision is the result of a thorough and independent investigation into the protection of our constitution, the rule of law. It's, it is independent courts that will have the final say. We have learned from our history that right wing extreme extremism needs to be stopped. All you need to, all you have to do is just look at that last Part of it. Because you could. Well, I would say let's, let's look at the sandwich. This is democracy. We don't live in a democracy. That's number.
Chip
We don't. But they do they.
Jeff
Right? Yeah, I guess they do somehow. But take that out. Take out. We've learned from history that right wing extrem extremism needs to be stopped. Take that part out. Because what exactly is right wing extremism? What are they referring to?
Chip
Hitler is what they're referring to that he was a right wing and that's.
Jeff
What was a right wing.
Chip
But this is what the position.
Jeff
He was left right.
Chip
I know that's the position, Jeff.
Jeff
He was a leftist socialist, you know, and so, you know, this, this is the problem. This is, this is the when, when the basic political infrastructures aren't understood. These are the type of comments that you end up seeing because they, they cross over in the wrong directions. And can there be similarities on, you know, on. From a right wing and a left wing? I think if you go far to the extreme, it circles back and they mirror each other. All right, you could have kind of a right. Right wing totalitarianism would be probably based in, in, in religion and religious control. Left wing is going to be based on, on socialism and communism. And yet at the same time, you know, you say you have like totalitarian doctrine on, on both end caps. That's where you kind of have to come and figure out where you're going to be kind of right assemble. But that's if you wanted to look at right wing extremism, it would have to be more, you know, based on religious, not, you know, right versus left. Left falls into will typically, you know, fall into that social communist. But if you really want to look right, then you want to look, you know, conservative constitutionalist, you know, that would be different. You want to go as far right as possible. Then you're going to be limited government. Adherence to the Constitution, adherence to the letter of the law, you know, and, and the letter of the law, you know, based on, based on the Constitution and the higher power, you know, that there would be an existence of a higher power beyond man, which would be the existence of God, right. That, that, you know, speaks at a, at a higher level than, than man. And so, you know, there has to be, you know, component to that. But you know, but this is where they never talk about that part. They never talk about, you know, constitutional representation, you know, limited government, you know, being on the right, you know, they just immediately go. Because the left is so steeped in communist rhetoric and socialism, they understand their mindset. They're like, well, if we're thinking this way and we want to control people that, of course, the right wing, you know, those guys are all, you know, religious zealots that want to, you know, influence and, and, and, and cram their ideals down people's throats, because that's exactly what the left do, you know, so this is it. But then they, they want to label things a certain way because then it makes the constitutionalists or anybody that is on the right that believes in limited government, they want to label them a certain way and make them look bad. And this is, you know, throughout, you know, throughout our education system. And it's really complex, you know, and it just doesn't make any sense that we keep allowing this to be perpetrated, you know, over and over and over again, you know, but, but this is how it's been labeled, you know, so it's, you know, but the, the naive or the miss I wouldn't say naive. The miseducated, because it's not uneducated. It was the miseducated.
Chip
Right.
Jeff
The education systems purposely and the media are miseducating people down a certain path. So I think that that's what it is.
Chip
Man, that was, that was pretty well said. I mean, my goodness, that was, that was right up there. I mean, the. Yeah, you kind of have to laugh because all of these countries, this democracy, and again, democracy is the mob rule. It's not, doesn't protect. We're in a, in a republic where the United States, which actually, you know, when we have it actually protects the, the smaller vote, which is why we, you know, we have the Electoral College. Because otherwise you'd have big cities would just choose who everything's going to vote for. And if you live, like, look at California, if you look outside, if you look at the counties outside of the big cities, you know, San Francisco, Los Angeles. Right. San Diego, well, San Diego is a little bit more on the right side, at least middle to right. But if you look at that, almost the whole state's red. But again, because you got higher density of population living in these big cities. That was the whole, the whole reason behind the Electoral College is they didn't want, you know, and back then, I mean, back in the original days, they didn't want, you know, like, you know, Pennsylvania or like the bigger cities back then selecting or having all the power. So again, it protects the smaller minority sort of thought process and vote and which is, which is a Different way to look at it all together. But. But I just thought that, I thought that was pretty, pretty telling. Pretty good there. Let's see what else we have here. I wanted to get into. Yeah. So I'm gonna do a time check here. We're about 45 minutes in. I'm gonna save some of this stuff for tomorrow night. We'll probably circle back. But I did want to do this one because you had teased it earlier but Crypto Eddie put this out and if you guys aren't following her, you really need to be. She's at Sento Sumo Saba. But if just type in crypto area you will get. You will find her. But she does the best research in the space. She says. Don't read too much in my comment, but it's interesting that Tether was at the Ripple hosted stablecoin breakfast roundtable yesterday, but not Circle. And so you know, there's the round table and you got Tethers has a seat at the table but for some reason Circle was not there. That doesn't mean they weren't invited. Doesn't mean anything really. But it is interesting that just for the fact that Tether was there and well, I mean they would be invited to one of the major. You got Tether and you have Circle, the two biggest of the Stable coins, Jeff. But you know, it's interesting that that Stable coin standard. There you go. Yeah. So there's Christian Walker of the Stable coin standard right there, which you see right there in the background. But it is an interesting. It is interesting in a lot of ways, don't you think, Jeff?
Jeff
In a sense, very interesting.
Chip
I mean, I don't know. No one like again she's saying don't read too much into it. But it is just an interesting observation. Who knows? I don't know where this was held. I don't know if Circle was invited, didn't make it. But it is a little bit surprising, I think that that Tether's there and Tether has a big collab with flair as well. So you see a lot of that going on with, with that being integrated. But yet again, not Circle or RL USD but Tether is making a big sort of a. A collab.
Jeff
Yeah. Well, you know that it's interesting too because you know, within this, if Ripple is looking for another big acquisition, it's about market share. We're taking on, taking on the project. They've got the cash, you know, they want to apply the cash somewhere, figure out what they can do. You know, it's an interesting play. They got to get the RL USD out there. If they get acquisition, they get acquisition of holdings of whatever is supposed to be, you know, backing up the, the product, whatever, whatever sitting in, in treasury somewhere, you know. And so it's going to be, it's an interesting dynamic shift. I want to see Ripple, you know, go after some financial institutions. They're getting, they, I, obviously they need the technology but there'll be some other bigger acquisitions. I believe now that, you know, the shackles again, the shackles have been released so there's going to be bigger movement. If their movement is going to be more in the crypto space, it looks like it's more in the stablecoin space. I think over the years that we've been talking about this now we're seeing a major shift, right? It was all about, you know, what they could do with the engine, what they could do with the xrpl, what they could do with xrp. You know, this is what everyone's been focused on this entire time. This four year lawsuit has been an eye opener, you know, from many different levels. The fact that they're rolling out the stablecoin, the influence that the stable coin can take, all the work that they did previously in creating infrastructure for CBDCs, they were there to create infrastructure for it. Obviously that's kind of died out. There really is not going to be so much of a concentrated effort on central bank digital currency. And and so now the trajectory is changing. Market share is required. They want to have to circle, go after tether, keep pushing, try to get the RL USD out there. They're Ripple is, is dynamic. With big financial institutions. Ripple has been relatively weaker in relation to others out there with individual community building and with retail, you know, and so the RL USD stepping into retail, do they have to be first? Can they, can they be. They're not going to be last because obviously there'll be others after that movement is required. But again, I think they're bigger within financial institution that they are within retail. And so where, you know, what is, what's their big play? I think their big play is staying big institution, big money movement, having, you know, allowing for liquidity, rapid transaction, new technology movement, B2B financial institution as well as big business, streamlining what that flow looks like, understanding the dynamic shift politically around the world. BRICS was dead on arrival. You know, we, we knew that. And so all of these countries still require a movement, they require technology. BRICS nations have, none of them have been good at building this kind of technology or having any kind of global stabilization or stabilizing power or recognition from around the world to say, hey yeah, we love bricks. We want to, we want to be part of this. Other than it being an, you know, an antagonist to the previous administration which was pushing countries away at a rapid pace. Now we have leadership back in the world, we have stable economies growing back in the world. People are upset because of the whole tariff thing, but that, that's creating independent regulation across the, across the globe. You know, people are waking up that you have to be self reliant and part of self reliance is decentralization. So it all, it all, the whole circle is coming back together and we're moving into, into the golden age chip. And this is circle, this is the circle.
Chip
Not like the circle is coming together. Not circle, not the stable coin circle. You're just talking.
Jeff
No, no, not the stable, the circle.
Chip
Look at this right here. So this is the National Cryptocurrency Association. While nearly all us crypto holders have heard of Bitcoin, awareness of a wide range of other tokens and protocols. Protocols is growing. Crypto adoption and long term success depend on people really understanding and supporting the broad range of tokens and protocols. So let's look at the popularity and knowledge of top crypto. So I'm gonna zoom out of this to see it but on the left here we have Bitcoin 99 awareness. I mean it's a household world. There's 1% that's never heard of bitcoin. Jeff, they don't know bitcoin. What's Bitcoin? So 99 of people at least have awareness around it and then 85 have either used it or have acquired it. So there's that of the people polled. Now remember this isn't the entire of the people that were pulled then you have etc. Look at Doge is pretty high with 91 awareness and 48 usage or acquisition USDC which is amazing at 99 and 85% acquisition. So you ask, you know, you, you said this earlier of why would they want circle? Because of course, yeah, it's going to be market share. But the awareness of knowing 99, almost 85%. It's, it's almost, it's exactly right in line with Bitcoin. So right behind bitcoin you've got USDC, you got Solana here at 76% and 44% acquisition and then you have XRP 67% and then 23% of people actually purchase it. So you know, it's growing but it's interesting to see, you know, what that looks like on this report. So it's kind of cool that they're doing this, digging deeper in there because otherwise we're just guessing at what we think it is. I thought that was pretty, pretty remarkable on a lot of, a lot of areas there. Wanted to see what else we have here. Let's see. Running out of time here.
Jeff
Well, got a new video coming too.
Chip
A new video. Geez, man. Holy cow. Let's. Let me go ahead and look at this. Let's go look at. Yeah. So Trump gave the commencement speak speech at Alabama. And so this was like one of his, this is one of his just excerpts here.
Jeff
Graduates of the Alabama Class of 2025 standing here before you in this magnificent arena, it is clear to see the next chapter of the American story will not be written by the Harvard Crimson, it will be written by you, the Crimson Tide. That's true.
Chip
That was a great line right there. You know, I mean, I mean, I don't necessarily know that. Did he. That he, you know, that he wrote it. But I mean, I think it was. So the Harvard Crimson is their sort of like the. There what used to be a newspaper, now it's the website, but that's called the Harvard Crimson. And of course, you know, the football team, you know, the football, you know, Alabama is known as the Crimson Tide. So I love that little sort of, you know how he's clear to see.
Jeff
The next chapter of the American story will not be written by the Harvard Crimson. It will be written by you, the Crimson Tide.
Chip
So they love that line. They love that line. Line. That's true. Imagine Trump speaking at your commencement address.
Jeff
I thought that was rather clever. If you look at what's going on, you know, they get their $5 billion a year.
Chip
That is not going to be so forthcoming.
Jeff
Now can you. Wasn't that a clever one?
Chip
Know how.
Jeff
Who would think of that?
Chip
So you know what's, what's funny about this too is that he just revoked their. He's, he's talking, he's floated the idea of giving them their tax exemption, like taking that away as well. Y. And all of these universities, Jeff, have been dabbling in all this garbage. Right? I mean, we've seen it, we witnessed it. It's just been ridiculous.
Jeff
Yeah, it's, it's, it's so crazy. It really is crazy to see the direction. Well, you saw it. What was the executive order that was signed yesterday taking away money from npr.
Chip
Yeah, I got that one here. I got that Story right here.
Jeff
That was a big one. That there was a. I watched a video from Mr. Rogers in front of Congress reading one of his songs. The, the. He got, he spoke in front of Congress and got $20 million, you know, for PBS. The thing is PBS during Mr. Rogers Day and today are two different entities.
Chip
Oh yeah.
Jeff
And Mr. Rogers was wholesome and you know, is it projected a very nice message, you know, for anyone in the US who grew up with Mr. Rogers, you know, is something that you look forward to. I think it was early morning, you know, while you're getting ready for the day. And then, you know, people overseas, I don't know if you had a comparable Mr. Rogers, but it was very impactful. Now you know where we're at. Forget about it. You know, pps, you know, there and npr. NPR has been a joke for a long time. So, man, look at that. How great would that have been? Can you imagine?
Chip
Reagan gave your commencement address. Okay, that's pretty, pretty damn strong right there. That's amazing.
Jeff
Could you imagine that?
Chip
Dude, roll tariffs. I love that right there. Yeah. There's some other comments that I wanted to get to here. He was talking about that, that we were talking about the German, you know, official response. But Chad says you'll forgive me for not believing the country that started World War I and World War II. Mars mission said, you know, Grape Nuts will give you freedom of movement every time. Trust me, you don't know. Grape Nuts heavily fiber cereal.
Jeff
I'll tell you what. Growing up, Chip, when I was younger.
Chip
Before it was so freaking hard before.
Jeff
Before we moved overseas, it was. I remember being young and my. The only sugar cereal that my mother would let me get like once a month was like Cheerios or Rice Krispies. Like that. That was it.
Chip
That had barely. That was like the lowest of the sugar.
Jeff
That was the lowest of the sugar, right? The, the typical cereal that we'd have would be Grape Nuts, right? I. I was allowed to have Grape Nuts, Shredded Wheat, but not the mini Shredded Wheat. It was the big Shredded Wheat.
Chip
Oh, those are the best, dude. But then you put tons of sugar on their milk.
Jeff
But I wasn't have sugar, right? So it's just milk. So Shredded Wheat. And then there was another one, man, I can't remember. There was. Who was on the COVID of it? There's. There was another one was like red, white and blue. And it was in a box. Had a little pull down on it. No, it was a little. Or box shoot. I can't remember what it was called, but it was in the stores here for a while. Yeah, it was in the store here for a little while, and then they changed the box. I think it's gone. I mean, I haven't really gone down a cereal aisle in a long time in a grocery store, so I would have to go back and look and see if they still have it.
Chip
I think I know the one you're talking about, but it's like. It's another natural cereal.
Jeff
It's a natural cereal. And they had the guy on the COVID with the red, white, and blue hat, like the flag and.
Chip
Uncle Sam.
Jeff
Yeah, that's. Yeah, that's what.
Chip
Yeah, that's good cereal, man. That was really.
Jeff
That was a great cereal. I love that one. But those are, like, red, white, and blue.
Chip
I'm like, yeah, Uncle Sam. Of course. Uncle Sam. Of course that was it.
Jeff
That's what I was allowed to have.
Chip
I think they still have that.
Jeff
They did for a long time.
Chip
No, I think they still have it now. I mean, it's. They. They don't have the guy on the COVID anymore, but it is it. They still have Uncle Sam.
Jeff
Yeah.
Chip
Let me see. I'll pull it up here. Uncle Sam is one of the. Is it. Is Uncle Sam's healthy? Yes. Original wheat berry flakes generally considered a healthy.
Jeff
See, they changed it, but look how they changed it and made it not so good anymore. I wouldn't eat that.
Chip
There it is.
Jeff
I want. I want Uncle Sam on the COVID That. Then I would buy that again.
Chip
I wonder if I can find the original one with the Uncle Sam on the COVID Let's see if I can find.
Jeff
We don't even have cereal in the house anymore, but man kicks the worst. So the only time I was able to get sugar cereal, I remember going to visit my dad and. And. And I would get Pac man cereal, Captain Crunch. What else?
Chip
I can't even find it, Jeff. It's.
Jeff
Remember tricks and fruit loops? Oh, my God.
Chip
This is what you're talking about right there.
Jeff
There it is. Yeah, but. Yeah, that's.
Chip
It had the poor spot that you had to, like, try to pull that paper thing off, and you had to. And sometimes. Sometimes it came out, you pulled it too hard. It just, like, fell on. Try to get the little metal thing back in there. It's like that was it. But they. They were. They used that red stripe thing for a long time. It was just recently that they changed it, but yeah, that was it.
Jeff
Because they wanted to make it more, like, wholesome and fit into, like, a whole foods type of thing.
Chip
Yeah. And they don't. They didn't want a patriotism and the Whole Foods because, you know, the. The left. The crowd wouldn't buy it.
Jeff
That's right.
Chip
This is like more the one that, like the. The recent one that they had, like, which was this one here where they put that red stripe around the outside. You know, great multi grains toasted whole wheat berry flakes and flaxseed with oat flakes.
Jeff
Berry flakes. That's what it was.
Chip
But it was good, though.
Jeff
And I think it was actually. It wasn't 100 bad for you.
Chip
No, it was actually pretty good. But getting back to the. I saw this beautiful.
Jeff
How do we go down that path that just happened?
Chip
I don't know. Every. Everyone, there's a squirrel sort of a thing. Tom Nielsen said it's horrifying. They'll ban the party just like they did Le Pen and others. Yeah, of course, you know, this is. But don't worry in the name of democracy and, you know, in the name of our Constitution and all this other. Here we go here. This is good going on with Thomas Soul. It's a great column. It's not run by Thomas Soul, but it's. But Thomas Soul is a amazing dude. I mean, if you read his books, the guy's spot on about everything. But he said our schools and colleges are laying a guilt trip on all those young people whose parents are productive and who are raising them to become more productive. What is amazing is how easily this has been done, largely because. Just replacing the word achievement with the word privilege again. Thomas Soul for the win every single time. And this is a guy that you just, you know, he was. He was, you know, very popular thought leader. He's older now. I think he's like, he might be in. In his early 90s, but the guy is just a legend. I mean, we should have a Thomas Soul quote or everything almost every show because the guy is just a thought leader when it comes to conservatism. But. And especially when you look at the old clips from, like, the 60s and 70s and watching him debate people, man just. He just rips him off. Man just destroys him. But. And his books are phenomenal, too. He's written a lot of books. And. But he's. He's a really. And every once in a while, you'll see him in an interview. We'll be talking about some more current stuff, especially with Trump and. And, but he has a way of coming and analyzing a situation pretty much better than almost anybody. I said, because, you know, just like the great Rush Limbaugh. This is a guy who understands the left more than they understand themselves. And he is easy to very succinctly explain what's happening, because if you know the, the playbook and you know what they're going to do, he can. He can sort of kind of get you there. And this other one, too, this was also on Thomas Soul quotes. But this is Friedrich Hayek, and he said responsibilities become an unpopular concept met with outright hostility by those who have been taught that it is nothing but circumstances beyond their control that has determined their position in life. And we see a lot of this happening, obviously on the left, too. Right? It's a responsibility. No, Anytime you bring up responsibility, it's like, oh, no. But it's a circumstance. And somebody was. It's all this victimhood. And this is exactly what this sort of describes, is that victimhood mentality.
Jeff
Yeah. Well, and the thing, the problem with that is that it's purposeful, right? So they, they want you to be a victim. The more you believe yourself a victim, the more energy you put out along those lines of being a victim, guess what happens? You become a victim, right? Everything around you, the. You're. You're kind of like. It's like a magnetic attraction. If you believe in success and you see yourself as being successful and you put yourself out as being successful, and you have positive thoughts, positive vibes, and you put yourself in a. In a. In a kind of a position both mentally, verbally, and situationally, guess what happens? You're going to be successful in your endeavor. You might not be Elon Musk, but you have an opportunity to at least move in, in that kind of a direction. Whatever you set your mind towards, you're going to succeed. If your mind is negative, you're going to be negative. If you believe you're a victim, you're going to be a victim. If you. And, and it's, it's. It's so succinct and clear. You know, I've been listening to a lot of videos kind of in and around the topic. And then as you start analyzing people around you and you're like, this guy always complains and he's always negative, and he always runs into problems. And then you're like, well, what is his mindset? That's the exact mindset that, you know, this person automatically goes into a scenario. Negative, right? And he has a whole negative magnetism around him. It's the energy that you exude outside of your. Your body. And so it's like thought process if you're positive, positive things happen. You put yourself in a position that you've already succeeded and accomplished. That happens. Think about, you put your mindset on something, you want to go and visualize. You're per. Going to purchase something. That's all you think about, right? You're thinking about, I'm gonna go buy this, I'm gonna visualize it. You start thinking about that, you have that possession in your hand and eventually you go out and, and you buy it and it, and it becomes real. Or if you're planning for a vacation, you visualize a vacation. You think about the place that you're going, you look at all the places that you want to go and be, and you map out an entire itinerary. Eventually you end up getting there. Why isn't, why is. Would that be different in the rest of your life, right? So think about it from a business perspective even, right? You set your mind that that's exactly your end goal. That's where you already are. So if your objective is whatever status in your business or your career, and that's your visualization, just like you're going on vacation, you visualize yourself walking down the streets of Paris. Eventually you get there, and now you're walking on the streets. But you have to map out the itinerary that's going to get you to your end. Visualization business is the same way. You visualize and you experience it and you emotionally commit yourself to that visualization and then you back work all your steps of having to get there. Now I have to put my itinerary together to achieve and accomplish where I need to be. Exactly the same as the vacation, exactly the same as though you're going out to buy something. It all kind of ties in and you set that positive momentum, you know, in place. Regardless of the, of the hurdles that you have to overcome to get to your end goal. You'll get to your end goal. But if you immediately put yourself into a negative mindset, you'll never. 100 guaranteed that you'll never get there. We had our sales guys and I was telling them, I said, look, you, you're, you have to set up these meetings, right? There's just a certain requirement. They have to bring an expert into a meeting. And I said, I'm giving you guys minimum expectation, one meeting with a specialist a week, specific product. And I said, you have to do this. I said, but what I can guarantee you is that if you don't set up that meeting, you're going to sell zero percentage of that Product, if you set up a meeting, that's four meetings a month, maybe we'll close 50% of that specific product. You'll, you know, we're on the track to selling somewhere between two to four, you know, of that, of that product. If you don't set up a meeting, zero. That's a guarantee. Right? And so setting the mindset, setting the momentum, setting and experiencing the journey, you're always going to run into hurdles and, and obstacles along the way, and it's how we, you know, adapt to them. Every hurdle, every obstacle, from what I'm experiencing, if we look backwards and forwards is another step of learning and education. And you really have to, you know, assume that it's just like, here's where I'm, here's where I'm going. At this position, moment in my life, I needed this. As hard as the obstacle was, I needed that to happen in my life because now I'm going around it, I've learned something. I've learned how to accomplish that obstacle, you know, and that, and that's the path that, that we're going on, you know, and it's really, really important, you know, but victimhood, the purposefulness, they know exactly what they're doing to demean, belittle and, and subjugate people. They did it, you know, they do it to, you know, to different minority groups in the US on purpose. The, the leftist mentality is a victimhood because they want to control them and they want to keep them suppressed and oppressed, you know, and that it's, so, it's such a dehumanizing political concept that it just, it just makes no sense. So once you start, you step into conservativism and you realize limited government, self sufficiency, you know, help people, you know, pick themselves up with their boots, you know, by their own bootstraps, and, and help them and, you know, help them see the way of how they can accomplish and succeed on their own is so much more powerful than here's, here's handouts. I'm going to keep giving you handouts every month. Just stay in your space and, and don't, don't speak up because when you speak up, we're going to allow you to speak up a little and then we're going to smack you down and put you back in your place. You know, it's a two, two different polar opposite political concepts.
Chip
Yeah, exactly, man.
Jeff
So, yeah, serious, if you're in a vicar's outfit, what, what is a vicar's outfit?
Chip
Well, you know, you're gonna sort of put that up. There's a couple comments that I wanted to talk about because it's good. Back to the zero conversation. XRP plumbing. I had to eat Cream of Wheat, which I loved it.
Jeff
Oh, Cream of Wheat is also good.
Chip
Yeah, I used to eat Cream of Wheat. Yeah. So sometimes you put some butter in there or whatever. So my mom would make the. She would always make the. The. Not that they came out with instant stuff. That was garbage. But Cream of Wheat was like the. The northern alternative to grits. The southern alternative. You know, down here in the south, we've got grits everywhere, and you don't see creamy. But up north in the north, you. It's all Cream of Wheat. Right. So it was like Cream of Wheat was like the alternative to the southern grits. I love both of them. I'm a big fan of grits as well. Robert Dermid said we had to put honey on those cereals. Yeah. Because honey and honey or. Or sugar, because there was none in there. But, you know, as you grow older, you want less and less of that. Art on the lake said this. You bring in what you put out. And that's, you know, sums up basically what, you know, Jeff was just talking about is like. Yeah, you bring in what you put out. So if you're putting negativity out, you're going to get a lot of negativity back. So if you're putting out positive vibes, positive vibes comes back. Very well said. Chad said, happiness is more than a result, more than a journey. It's a choice. Yeah, it is a choice. You can choose to be happy, you can choose to be sad. Right, Right. It's all in your thinking. The victor's that. Vicar's comments, though.
Jeff
Somebody put me in a vicar's outfit.
Chip
But yeah, so that'll be like the next week I'm gonna use some AI to put you in a vicar's outfit. Vickers outfit. Is the. Isn't that the. With the. The. The judges wear Vickers. Let's see. Vickers. Oh, let me see if I can look at this. The Vickers.
Jeff
Oh, my God.
Chip
I didn't even find Vickers. I'm probably spelling it wrong. I don't know. Give us some more context on that. Isn't. I thought that was the.
Jeff
A priest.
Chip
Yeah. Is that what it is? I guess, but it's the. It's like what they used to wear in the. In the UK in old times. Right. The Vickers. So these are column. I don't know. I don't know. I'm Trying to.
Jeff
We don't live in the uk. We speak American English, Chip.
Chip
That's right. We're the majority now, Jeff. So we can. We make the rules, we set the rules. We don't.
Jeff
That's right. That was like we didn't understand their language either.
Chip
Like, we don't use S's. Like, I like that Casey Craddock one was written. She uses like, you know, when you say individualization, we use Z's and they use the S's. You know, it's like you can immediately pick off. That's. That's the, the old English. We've modernized it by using Z. And if you live in Canada or the uk, it's like Zed. And we call it Z. X, Y, Z, Z. And Zed is dead. Zed is dead.
Jeff
And Z makes more sense than an S too, right? Because it was an unused letter. Why didn't we have this letter? No one's using it. Let's use it.
Chip
No, it didn't get any love. So we've changed it. But it's more of only one sound, a Z sound than an S sound. Right? S is more of a. So like wait, yeah, we cleaned up the language, dude. That's what we do. Chamath Palapatia put this up. The language, they clean it up. So he put this post ax. He said, let me get this straight. So energy prices falling with oil around $60, your 10 year UST yield falling is now back to 4.1%. ZED is not dead. Clearly alive then you have the US government needed to borrow 53 billion less than forecasted because of money saved by Doge, among other things. Not bad. Well, unless you're the ex. Unless you're the. The secretary treasurer of the treasury under Clinton. Then you. Then you think it's horrible. So here we are. Here's Larry Summers. Oh no, here we go, Jeff. With besties like the all in podcast, which is what he. He and Chamath. President Donald Trump has a problem on economic policy. Any serious economist or macro investor knows the following 10 year interest rates and oil prices, along with the falling stock market. We've had a sign of recession, fears, not economic strength. See Poly Market for direct evidence. America has lost more relative economic ground the first hundred days of this administration than any other. We're making America ordinary again. Sad. All you had to do is put a high. After that he would have been with Charlie. Sad, huh?
Jeff
Sad, huh?
Chip
But this is a bad take. This is a bad take right here. This is a really. And he of Course, he's a, he's a former economist. But if, you know all those economists on the left, they're, they're Kenzians. They're, they're, they're, they're completely out, out of touch with any reality. So people calling this the worst hundred days. I mean, of course, you know, with, with what happened with the tariffs and stuff, but, I mean, people are like, then I'm seeing all this other fud going on, this fear mongering where. Look at the ports. They're empty. There's no things coming. I'm like, we make our own food. People are like, start buying supplies, start stocking up. I'm like, dude, it's the stuff. The Chotchki's coming in from China. We're okay if we don't have those for a while. A while. I mean, places like maybe BJ's and, and, you know, Costco may suffer for a while because all that stuff's made in China. But look, you had to do a reset. I've had other people pushing back on me, saying, well, Joe, I mean, well, you know, this whole thing with the policy and why, why the US Is superpowered. Why do they have to give a fair shake? I'm like, look, and we don't want your cars and your food is all crappy. And I go, I'll give you, I, I'll concede on the food thing, but that's why we have RFK Jr. Yeah, our food's garbage. Our chicken's garbage. You know, we got bleached chicken. You got horrible meat. You got horrible practice here in the US but it's not about that. If you don't want our cars, fair enough. But don't. And don't, don't charge us exorbitant import because there may be a few people there that do want the car. Right. And if you don't like our cars, good, just remove the tariff on it or make it reciprocal tariff to what you know is coming in over here. So the people miss the point. They think it's about the US Trying to tip the scales in our favor. No, you don't like our stuff, fair enough. Don't buy it. But if somebody wants to buy it, why would they pay a 50 higher.
Jeff
Cost to import 100 in many cases.
Chip
100 in many cases, you're right. So you're gonna pay double for a car, and especially in the month and the currency that you have. It doesn't make any sense. But of course, Larry Summers has a problem with it.
Jeff
I mean, of course he does. You know, I mean it Chip. It's weird too because for years, you know, the US automotive industry wasn't really on par in terms of their, their export, right? So they'd go to, to Japan and say, I don't understand why the Japanese aren't importing enough of our cars. Right? At the time when this argument was taking place, we were trying to ship them left hand drive vehicles, right? But Japan is a right hand drive society like most island nations, Australia, Japan, you know, England, elsewhere, a lot of right hand drive. And so if you try to compete there and ship them left hand drive, not going to work, you know, so you have to convert it over up. The thing is, is that from a, from that perspective, China and, and companies, you know, seeking bigger profit with cheaper product has disrupted our economic ecosystem in the US and this is the one thing that I learned and you know, years and years ago and I probably talked about it before, but it's called the donut theory. The middle of the donut is production is, is, is the building of product. Everything around it is service industry. There's obviously things in between to maintain it. But if you take out production, then you get a donut, eventually the donut collapses in on itself because you're no longer producing anything. So what did the United States do? We became a heavy service oriented industry where we started pushing the manufacturing of product outside of the country. And a big product, not just, you know, and, and critical product. So there's certain things, it's kind of like you think about the horse whip, right? At some point the horse whip manufacturers, you know, tried to fight because all of a sudden now you had not just the buggy, but now you had automotive, you had the cars. So the buggies and the horse whip guys, they're like, well, you know, what are we going to do? We can't, you know, make these, this product anymore because of progress. But then you also have the exporting of certain product, right? Do we need to make broomsticks when we want to make computers? Do you push broomstick manufacturing to another country? This is an example, right? So let's say you want to man, because now let's say we want to make microchips. So is our economy more microchip or is it more broomstick? You know, and do you then push broomstick to another country to manufacture to allow them to go through the, the ecosystem? You know, so that, that's like the biggest debate. But if you remove all production outside of the country, which is again what happened they pushed all manufacturing over to China, all right? Because they wanted cheap labor, cheap product in order to increase cost and increase margin. And that's exact. Or increase sales price, decrease cost, increase sales price and increase their margin. That's exactly what they did on textile, on computer parts, on automotive parts, everything across the board, drywall, lumber, steel, you know, everything, everything became export. First it was Japan in the 80s with steel, and then it was in the 90s and then all of a sudden now with China, it's pretty much everything. Pharmaceuticals. If you think about how much we pushed overseas and if there's anyone out there that doesn't think that what's happening right now is in the best interest of the country and of the people, not just of the US but of people throughout Europe. The Italian economy was devastated because of textile being moved to China. And if you don't realize that, you don't know that, then go back and research it because you know, if you're in Europe, your economies around Europe are, are devastated because of that production, right? Hey, Jaguar no longer owned by a by is no longer British owned. Oh yeah, that's right. India owns it. Tata Motors owns Jaguar Land Rover. Guess what? No longer British owned. Oh yeah, it's owned by Jaguar. Chrysler no longer owned by a U. S company. It's now owned by an Italian, French conglomerate. You know, so there's all this movement going on, but so what ownership, you know, again, service related. You have to bring manufacturing jobs back to the country and you have to have all levels of, of the economy within your country. Otherwise you have the donut theory again and it collapses in on itself. And that's exactly what we've been witnessing recently is that the economy was collapsing in on itself because it's not sustainable anymore. You can't have everything moved overseas. And the thing is, if you open up your car door and you'll see it on, on U. S Cars specifically, you know exactly which parts come from China because they're the cheap parts. And you can tell those are the ones that, that disintegrate or on brand new cars even. And you're like, oh, that part was obviously, you know, coming in from China. Do we want cheap products or do we want quality products? My grandmother always told me, don't buy cheap clothing just to have volume of clothing in your closet. Buy one expensive thing, two expensive things, figure out how to wear it. You're going to be accepted better wherever you go because you know, and the quality is gonna, is gonna last longer. That's what she always Told me she always said, buy one thing expensive instead of five things that are cheap. What did our economy do? They forced everyone to buy five things that are cheap. Because now if you want something quality, like shoes. Number of years ago, you could get shoes made in Italy for like 100 to 200 bucks. Like high quality, really good dress shoes. Now go and try to find dress shoes made in Italy for a hundred dollars. 200. They're all. They're all made in China and cheap. They went from leather soles to rubber soles, you know. Now if you want a good, good quality pair of Italian shoes, look around. I did that a couple years ago. $400, 500, $600. Who's spending four or $500 on a pair of shoes? You know, I'm afraid to spend that, you know, because I know that as soon as I walk out the door and step off a curb, I'm scuffing my leather shoe on something.
Chip
Yeah, that's, you know. Well, Rubber Soul was a great. But you guys admit, Jeff, Rubber Soul was a great Beatle album. Just saying.
Jeff
Oh, yeah, yeah. Plus. Plus, I'll tell you what. Leather soles. I had leather shoes on, and I want. I put them on and there's, holy crap. I almost killed myself. I was walking. I walked out of the hotel room. Yeah. I was walking down the thing, and they had like, yeah, I was walking. It's like, boom, I almost killed myself. I was like, okay, no more.
Chip
Yeah, it's a mess.
Jeff
Like, all right.
Chip
So Charles Tirella says, jeff rant and Captain Crunch for the win. So there you go.
Jeff
Captain Crunch Crunch.
Chip
Of course, Mike says, yeah, 100%. Jeff agrees with you. Don't talk about donuts. So the American police forcefully will subscribe you. You. And you have a yeti, or bacon, for that matter. So. But, Jeff, you talked about stupid things that US car manufacturers did. So in the 1970s, they. There was a Chevy made a car called the Nova. Right?
Jeff
Nova.
Chip
And they. And they imported their. You know, they thought that it would probably sell well in Mexico. So this is the Nova right here. This is. Was a classic from. I think it ran about 10 years. I think it was like 1969 or 70 up to like, maybe late 79. But this was a car that, you know, you saw on the road quite a bit. You know, it changed over time. But, you know, people would put nice rims on it and kind of in a racing stripe on. It's kind of cool. But the reason it didn't sell very well in Mexico is Because Nova in Spanish means. Doesn't go. Well, it's not Nova.
Jeff
Right.
Chip
Nova doesn't go. So like, nobody wanted to buy a car. Yeah, that's. So where the name of it doesn't go. I mean, it was like just another stupid thing where they, like, they didn't change the name of it before, you know, to import into or, you know, export into Spanish speaking countries. Probably didn't spell, you know, sell well in Spain, but they probably had too high a terrorist. But I've always thought that was fun. Doesn't go the poor man Chevell. It was a poor man Chevelle. Yeah. It was patterned after the Chevelle. So the Chevelle is a much better. I don't even think. I think you even use a different frame. But that's a. That's a good. That's a good analysis. Pretty much how it was. But I remember that, that a lot of my. My next door neighbor who. Who was a. You know, they were. They were all older than him and his brothers were older, but they had like that, like, the car that they wanted was a Nova because it was kind of cheap, you know, it was like they. They had them like the earlier 70s models in like the late 70s from what I remember. But yeah, you always watch the kids drive. They wanted that Nova because they couldn't get a Chevelle. But they really wanted was a Chevelle. What they. What they got was a Nova. So there's Nova.
Jeff
But those Novas, man, you put a V8, you know, big block in there. That thing was big. So now they started with a six, with an inline six, I think is what they had started with the Nova.
Chip
Here we go here. We got to get into this drawing here. We got 33.
Jeff
33. Well, we're going to do the drawing. Let me roll this out real quick.
Chip
Roll it out. Word of the day, yada. You got your Zarman wallet ready? Why? Because this drop is gonna be epic. It's time. Time to claim your legendary Blue Tribe.
Jeff
Yeti clan titan name.
Chip
Pop goof up. Let's go on the chain. Wow, Jeff. We went from having no announcing at the beginning of the show, the top of the show that we were gonna have zero videos, to having two unique videos which broke the record. We've never had two unique videos played back to back. So, man, what a transformation of events. And some good work there. So this is also an epic day too. So we've got 35 in the drawing. It's amazing.
Jeff
This is the distraction to rig the.
Chip
Outcome, we are on to you.
Jeff
That's exactly how we do it.
Chip
That's what it's a distraction from. Giving more of your yetis away, Robin. That's what it's a distraction from. That's what it is.
Jeff
Mike one.
Chip
Oh, he's calling Mike already. Mike. Mike. Mike.
Jeff
Okay, Mike one. All right, Mike.
Chip
Congrats, Mike. You know, the funny thing is. The funny thing is, is pick me. The funny thing is if Rob McDermott wins, though, because he's. You've already cursed it, so all of a sudden, now Rob's gonna win. Be like, see, it was. You see how it works?
Jeff
See how it works?
Chip
It's rigged. It's rigged. So, okay, guys, so if you're here.
Jeff
Working Chip, here are the goals, and I'm rigging it right now.
Chip
Here are the goals of this contest. You have to chime in. If you're the winner, you have to chime in and say, I'm getting my wallet. Say, I'm here. I'm getting my wallet. And I'm also going to get you my X handle. If you don't have an X handle, say, I do not have a handle. I'm not on X. Formerly known as Twitter. So Rob is letting him know he's here already. He hasn't won yet, but he's. He's anticipating. So let's see what happens. Just give me the damn address to send it to. Okay, well, you. Well, you give us the address and we send it to you, dude. So that's how it works. What is the Yeti? We just saw the video for the Badass Yeti. So Badass Yetis is an NFT project that Jeff and I put together. There are two tribes. There's a blue tribe and a white tribe. We're having to give away a blue tribe member. Can you. Can you pause the video just on the one we're giving away today so we can just pop that up real quick on the video.
Jeff
All right, let me scroll.
Chip
Are you able to do that?
Jeff
I think so.
Chip
Let's see if we can do that. If you scroll.
Jeff
From the blue, can.
Chip
You scroll to it?
Jeff
Watch this again. I can't throw, but it's going to get to it. No, here it comes. Here he comes. Right name. There he is. There he is.
Chip
That's the one we're giving away.
Jeff
That's us. Badass Yetis. Get ready.
Chip
There we go. That's a badass, so you have to have a Z wallet. Okay.
Jeff
For Battle Legend.
Chip
Here we go. So that is what a badass Yeti is NFT project from the Badassery Collection. The next one to be released very soon will be the badass chimps. Yep. And that will be working on that to come out this one. YETI Gate investigation coming. Okay, there we go. I'm here. Give me a second. I've had a few. Okay.
Jeff
All right, here we go.
Chip
Here we go. Let's go.
Jeff
Last time.
Chip
Yeah. Here we go, guys. Ready? Got 36 in here. Let's see. One in 36 chance of winning. Let's go. Boom. Thanks, Gary. Gary. Winner is. Thanks, Gary. Gary.
Jeff
But it can't stop on Rob.
Chip
Gary. Thanks, Gary. Gary, we need to hear from you. Are you here, Gary? Come on, Gary. Let's go. Go, Gary, go. There we go. B11. I always hate that one. Right before you think you won. And then. Ah, bro, just.
Jeff
It was so out of there. So close.
Chip
Oh, here's no Gary. There's no Gary. Gary, are you there? Gary? Gary, are you there?
Jeff
Gary?
Chip
Gary's not here. Gary, where are you? Gary? Reborn John's typing YETI already. If you're already in there and we re. We pull it again, we just hit this draw again button, and that person can't come.
Jeff
Oh, Gary's here.
Chip
Oh, there's Gary. Yay, Gary. All right, Gary is here. Gary, we're gonna need your Zaman wallet address along with your X handle. Go to YouTube now formerly known as Twitter.
Jeff
What is Twitter, Chip?
Chip
Twitter is awesome, Jeff. X is better. Richard Simmons. Blast.
Jeff
That was a little loud, Jeff.
Chip
You had your finger on the wheel and you clicked it forward. Click, click, click, click, click what?
Jeff
I click forward to Gary.
Chip
He does not like Gary. I hate Gary. He's talking about Gary guts, not Gary. That one. No, I love not, not love Gary. Everyone's saying the big. Yeah, you're getting it now. Good deal. All right, well, go ahead and. Go ahead and get that.
Jeff
I'm gonna into the YouTube.
Chip
I'm gonna play another. Play another video here so that we can kind of in the interim here we can. I wanted to play this. That's his.
Jeff
We need a Zaman wallet. Gary has said getting it now. There we go. Awesome. There you go. Reborn John said it's definitely a rig pull. That's it. Rigged, rigged, rigged. All right. What. What are we doing, Chip?
Chip
Wait a minute. One second. I'm trying to find something here, dude.
Jeff
Oh, you just went dead quiet.
Chip
Oh, yeah, because I was trying to find something. If I can. If I can do this or not. Let me see. There's one thing that I wanted to play. It's just one little place.
Jeff
I want to talk about one of.
Chip
The women on the dais. I'll find it. Here it is. So this is. This is trumpet arose right before he announced his run in 2015. This is a roast he had participated in. But this is. Here we go. Let's see.
Jeff
What's the difference between a wet raccoon and Donald J. Trump's hair? A wet raccoon doesn't have 7 billion fucking dollars in the bank. Very funny. Okay. Very funny. America is going through tough times, and we all need to laugh. Trust. I know that better days are ahead if we believe in ourselves and the way I believe in myself, and I really do believe in myself. Then come June, if I decide to run, you'll have the great pleasure of voting for the man that will easily go down as the greatest president in the history of the United States. Me, Donald John Trump. God bless America and good night.
Chip
And boy, oh, boy, did he run. And boy, oh, boy, if he's not one of the best residents ever, right? So there was a. There's a bunch of other ones in there, too. We just didn't have time for it. Wait a minute. What happened there?
Jeff
All right, here we go.
Chip
Here we go.
Jeff
Gary, give us your ex handle if you have it. Then we can shout you out on X while we put it out there. Got it. Awesome. Okay. Got it.
Chip
That eat blockchain is all right.
Jeff
Yeah, I see that. Oops. Opening up programming over here.
Chip
Awesome. Let me go follow you too. I'm not following you already.
Jeff
All right, I'm opening up the Zaman wallet and going to transfer this bad boy over to you in one second.
Chip
Here we go. There it is. Thanks. Nice. Got you. Got you on the. Follow my man.
Jeff
There it is. Boom. I love the freaking QR code. Boom. Look at that. Transferring on its way. Verifying. Submitted. By the way, submitted successfully. Thanks, Gary.
Chip
Trump posted this picture. Oh, Trump. That's great. Now, what's amazing about this is the White House reposted it on the White House account. This is why I love this White House account is officially trolling. But he and somebody else made a video say the. The white smoke's coming out of the chimney. They have a new pope and somebody, you know, use some AI to show that it was Trump. But I love this. He actually joked about that.
Jeff
The chain.
Chip
If you look at the White House. Let's see here. There we go.
Jeff
Whoops. Badass yetis.
Chip
Marine core evening present. Gifts of honor. There you go.
Jeff
2.
Chip
This is the Friday Feeling when you end taxpayer subsidation of NPR and pbs. I mean, why would. I mean, you know, the BBC, British Broadcasting Company is all pretty much funded by. And it's all leftist propaganda. It's all garbage. You know, it's. And I never understood why. Listen, if you can't, if you're so good you can't compete, why do you have. Why. Why are you a charity event? You know, look at all the other broadcasting, you know, abc, cbs, all the cable news channel. Look, you got to make it on your own merit. What is this some kind of a. Why would the US Be propping up these garbage channels? Like, why does the US need to subsidize anything, to be honest with you, for what reason? It's insane to me, especially the leftist propaganda. And it's gotten so bad. It was like I started noticing that, you know, the 90s, it started getting a little bit more. But then now you listen to it and it's just all under the guise of being news. The NPR news. There were some good. You know, I used to, like, I used to enjoy listening to car talk back when it was on. That was fun to listen to two guys, they're talking about cars. It's kind of like two guys that talk about crypto but end up talking about a bunch of other. Jeff. So it's kind of like we patterned that show after that. A show about. It was like hard talk. People would call in and say, hey, I got this problem, my car. And they would basically belittle them and make fun of them and make jokes about it. And I mean, they were knowledgeable car guys. But that was, that was a great show when it was on and that had nothing to do. There's no political slant there. And there's some other good shows on pbs. You know, if you go back to this old house and, you know, which was really kicked off that whole DIY sort of revolution that you see on HGTV where they're all DIY shows. So there were some things, early days that were pioneering and we're different, but as a result, it's become just, just a bunch of leftist propaganda. And it's, there's. It's. I'm glad it's over, Jeff, to be honest. So Badass Yeti. There we go. I would like to see that Badass Yeti as your new. Like, I know you got that and you got the excruge the, the duck. Nft. There isn't that. Isn't that one. Isn't that bags. Nft. I think it is, sure, because it's kind of small. I can't really see it, but I think that's Bags. But anyway, if you want, go ahead and change it, man. Put your badass YETI in there. It's weird. Proud Tom and Ray. That was it, dude. Tom and Ray, they were fantastic, right? Am I wrong? That was a great show to listen to. And I'll never forget the time where my dad and I drove from New York down to Florida and we listened to. We were picking those guys up all over. We were laughing our asses off, you know, a nice bonding moment, you know, like, if I remember that trip, like, what I remember is us listening to Tom and Ray and laughing our asses off because it was so funny. We pick up another show because as you were traveling through, you'd pick it up and I think they had like a marathon or something on where they had it all day. It was really fantastic. Click and clap something. Click. I think they said something like they called each other click, click and clack or something like that. But, yeah, that was the Rich Docs. Yeah, the Rich Docs. That. But that's. Isn't that xrp Bags? I think that's his NFT thing, if I'm not mistaken. Of course, we got to meet Bags last year. And what a great dude he is, man. Gotta see him perform two nights in a row at the, you know, the wave of innovation in Australia. He was there. It was fantastic hanging with him. He's just one of the best dudes in the space, so it was a lot of fun, man. Yeah, he's got the ducks. Yep, that's what I thought. That's what I thought. A very cool NFT project, too. So it's always good to be out there supporting, you know. Yep, he's got the ducks. Got the ducks. Monty Python, Benny Hill, Masterpiece Theater glory days of pbs. But yeah, that too was when they were just showing, you know, rebroadcasting, you know, British television. But you're right, that was when it was. Yes, it is. Yep. Thank you for. For seconding that. But that's all we have. Jeff. What are you laughing at? Jeff or something?
Jeff
Chad posted this here. Hang on a minute. Put this up on the Rich's duck.
Chip
Yeah, that's it. That's it.
Jeff
In the discord.
Chip
Let's see. What do you got?
Jeff
I'm putting it up. Hang on.
Chip
In the discord.
Jeff
That's. That's the yeti vicar.
Chip
There you go. There's the vicar right there.
Jeff
Yeti, Vicky, Yeti of The white tribe Yeti vicar. That's really cool. And if you guys aren't on the Discord yet, make sure you jump in to the Discord. We'll make sure that get more things shared up in there like that. That's really cool.
Chip
I just got the announcement here. Yeah, that's awesome.
Jeff
So I'm going to send over invite. If you guys aren't in the badass Yetis Discord yet, come over here. We typically post up the winners over on the Discord and so that's a lot of fun. There we go. I post on today's Discord. I put the song up there that we play the whole song and. And then also the winner and that's posted on X already. So we are rolling, rolling, rolling. All right. Look at that man. Still out there shopping in Belgium. Make sure you get us some, some beers. If you're over there in Belgium shopping, if you could stop and maybe get some Delirium, maybe a four pack of Delirium, that would be perfect. Wouldn't mind Chip. If you ever go over to that region, make sure you stop off at the Delirium bar. They've got crazy ass beer menu at Delirium. They're like 2, 000 beers on their menu. They bring you like an encyclopedia. You open it up, search up your beer and then you're good to go.
Chip
Beautiful. Love the, love the sound of that.
Jeff
Lots of beer options.
Chip
Yeah, I like chocolate. Get the chocolate. Chocolate. Belgium chocolate. She's still out shopping. See you later, man. Appreciate you checking in, dude. Especially while you're shopping. Very cool. That Dion kid got humbled in the NFL draft. He sure did. And everybody making it about, you know, racism was absolutely a joke because you know, if you saw some of the videos, there's that video when he was with with Cam, the number one pick. And he's going, yeah, you want to do a music video? You want to do it? He's like, no, man, I just want to play football. I just want to play football. So you can see the guy that went number one, you know, and they were like making it about the race. I'm like, no, dude, I mean the first guy that went was black. I mean but you get, you show the level of, of it's not only the level of play but also too, you know, he wasn't in a major conference. So I don't know if it was the same on par play and, and you know, it may come back to haunt the Cleveland Browns that they took, you know, Shador Sanders Ahead of Will Howard. And Will Howard ended up going to Pittsburgh. And again, he dropped a lot, too. I mean, yeah, okay, he was only with, you know, Ohio State for one year, but he had a phenomenal year. I think the guy. I've seen a. I've seen a couple of the, you know, some videos on him.
Jeff
He.
Chip
I don't know, he could end up being a sleeper. You know, if you look at. Tom Brady went. Sorry to talk about football, NFL football here, but Tom Brady went in the sixth round. I mean, Tom freaking Brady, who won, what, six Super Bowls, seven Super Bowls, whatever it was. I mean, Tom Brady went in the sixth round. You had Will Howard drop. You had Shador Sanders drop. What it means for them is. What it meant for Shador Sanders is he probably lost out about $30 million. But if he goes in and proves himself and he shows himself to be a superstar, he can prove everybody wrong and say, dude, I came in here, I put my, my, you know, I earned a starting job. I became, you know, a class act in, in the NFL. And then he can do all grandstanding he wants, but this is a tremendous opportunity for him to prove himself, and he can say, I should have gone the first round. Now on NFL.com, you can go look at a video. It's phenomenal. It's really long, but it shows every first pick in the first round throughout since they had. Since they had the draft. You'll be shocked to see how many of them were busts, especially a lot of them to go in the first round. You saw a lot of them in free agency. I saw a lot of teams getting rid of. There were first round choices. So it doesn't guarantee you anything. It's just someone. And, you know, you got. You have a guy like Josh Allen and the other Josh was higher, you know, in that draft. And Josh Rosen, we thought that he was, you know, I even thought myself that he was a better quarterback. But no one knows even what team Josh Rosen plays on. No one's ever heard of him. He's always been a backup quarterback. I don't even know if he's still playing. So it doesn't always guarantee you anything, but thanks for bringing that up, Charles. I'm really happy because you're over there in Pittsburgh and I think that Will Howard may turn out to be a. He could be your franchise quarterback. I would not rule this kid out. I think that he's. I think he's very talented. And I think that if anything happens, I don't know, maybe Cleveland will regret the fact that they didn't take Will Howard, I think he's going to be great. I don't know what your thoughts are on it, but yeah, John Gruden QB video is what I'm talking about, man. That's exactly the video that I saw with John Gruden talking about it. This kid is sharp, man. And the fact that Pittsburgh had no quarterback. They let. They let two guys, you know. Well, they're what. Who I thought should have been their franchise quarterback now going to be playing for the Jets. I would. I would look forward to seeing big things. But I'll tell you what, I have a feeling that this kid Will Howard could turn to be something, could be a winner. And I'd like to see. And Pittsburgh is a great team. I don't. Not a big fan of the coach there. He gets them to the playoffs every year, but I'm not sure he's the. I almost feel it's time for a better. A different coach to come in again. Get to the. Getting to the playoffs, but getting knocked out the first round so many times. Not cool. But I like Pittsburgh a lot. Even hate when they pay the bills. They're a good team. I think they're. They've been on the upswing and I think the. I think probably one of the teams at the best draft was the Pittsburgh Steelers. So I think they had a phenomenal draft. NFL analysts agreed, too. Gave him an A for that across the board all three days. So they did great. Anyway, that's all on the NFL front.
Jeff
I know it.
Chip
Where's all of our. Our foreign listeners? Because they're like, that isn't football. That's a joke. It's American football, people. And that's my. That's what I love to spend a lot of time on. I. So what is Justin saying? Avery Johnson took over for Will Howard when he was transferred. My guy's only a junior this year. He's going to kill it. Yeah. I would say Avery. Yeah, agree, man. Avery Johnson is. I think he'll end up being somebody really good. That's right. Will Howard. But what is your opinion on Will Howard, though? Because that's what. Right. He played and then he. Because he transferred into Ohio State and only played that one year. Had a great year, though. Won a national championship. But isn't it amazing? And I think he was the mvp, but the mvp and he couldn't make it up on the stage. But the MVP for a national championship does. Doesn't even go in the first, second or third rounds. Was he was he the third round or fourth round, but it was just. It was a really weird draft this year, but it was amazing how many. How many needs were there. But you didn't see a lot of running backs. You didn't see a lot of QBs going, which you usually do. You saw a lot of safeties, a lot of tackles. It was. It was an interesting draft a lot of ways. And I also. I thought Casey did pretty well, too. I thought Casey had a pretty good draft. They filled some. Filled some needs as well. So. They did. They did all right in the draft as well. They did pretty good, especially given they didn't have a lot of high picks, but they. They picked some quality players, so it'd be great to see what happens. My Hawks caught a draft A as well. Let's go, Hawks. I didn't know you were a Hawks fan. All right. All good for you. Our hockey coach, Mike Sullivan. Pittsburgh just went to the New York Rangers. Eight million a year. It's amazing. These guys. Justin Harrison, very proud of Will Howard. Deserved national championship. He's a damn good guy. Yeah, I agree, too, and I really thought he should have gone higher, but you know what? I kind of like going a little bit later in the rounds. You don't have that heavy burden on your shoulders and expectation, but I am. I. I have a buddy who's a lifelong Steelers fan, one of my best buds, and, And. And I said, dude, not be surprised if Will Howard ends up becoming the franchise quarterback. This kid has got. He's got the goods. He's got the mindset. He's. He's. He's strong in so many areas. Got a great arm. I mean, man, I. I still don't know why he didn't go sooner, but again, every team looks at people different, and. And Will Howard's going to be the dude strains. The end.
Jeff
We're like, we're done. But now we're gonna. We're turning this into a sorry podcast. And everybody's leaving and they're.
Chip
Can someone duct. Sorry, man. I had to go off a little bit. Oh, the Seahawks. Yeah, the Seahawks. Yeah. Seahawks had a great drought. Great draft, man. Yep.
Jeff
For the end of that.
Chip
Sorry, man. You bring up sports. I don't know. There's no sports outlet for me. I'll start a sports podcast and we'll start talking about.
Jeff
That'd be funny.
Chip
Talk about football. But. Right. Anyway, sorry. You got me. There you go. Chip, Jackie checked in. She's a little bit late. I appreciate it. Six three, 204. Yeah. £40. Will Howard. Yeah, He's a beast. Could be like another Josh Allen type man. Guys, Guy's strong, man. I don't know. I'm really. I'm big on Will Howard. I was. I was kind of shocked that he didn't go. I don't know. People had a lot of criticism. But that's great. You know, be the guy. Be a shorter. Sanders. Where you weren't. You know, you were. You dropped in the draft. Okay. Got a chance to prove yourself, Will Howard. Chance to prove yourself. I like. I. Obviously, you're not going to make the money, but if you do good and you earn the role and you kill it and crush it. Yeah. Shooter Sanders. Let's suppose he becomes the franchise quarterback of the Cleveland Browns. All right, well, great. And he'll get his payday. You get your payday at some point. But if you get to. So you get to go out there and prove yourself, you don't have as much pressure. But Cleveland's got, like four or five quarterbacks now, so I don't know what they're gonna do. I think they have five quarterbacks on the roster. They're only going to keep three. So again, it's gonna be. It's gonna be interesting. Look, Squirrel. Anyway, I mean, we're getting out of here this time. I'm out.
Jeff
Hang on. Seriously, I've got a. I. I loaded up the wrong one over to the Discord. So I got to delete it now, but I was putting up. So we have. Oh, that might have been the right one. Whoops. Now I deleted. Too late. It's gone. But here you go. This is for Chad. Be still. There. Can you hear it? Oh, I muted. He doesn't speak.
Chip
He strikes thicker. White Tribe, thicker. Oh, no. The White Tribe.
Jeff
Born in blizzards, Raised in fight Eyes.
Chip
Like eyes it's like night, the silent pan the winter blade in shadows deep. His mark is made.
Jeff
With that. You can hear the rest on Discord.
Chip
Yeah, go on Discord and listen to. It's another badass tune crafted by Jeff. Beautiful. But that's all the time we do really have because it went an hour and 51 minutes, way longer than we expected. But that's what happens sometimes. But we'll see you guys on the next one, which is tomorrow night. Chip and Jeff. Oh, are you down with ot?
Jeff
Please, like, subscribe and click the bell.
Chip
To be notified when the next video drops.
Podcast Summary: "Ripple and Tether? | 50% of Crypto Dead | XRP & XDC Take Center Stage"
Title: Ripple and Tether? | 50% of Crypto Dead | XRP & XDC Take Center Stage
Host: On The Chain
Hosts: Jeff and Chip
Release Date: May 3, 2025
In this episode of On The Chain, co-hosts Jeff and Chip delve into the pressing issues and latest developments within the blockchain and cryptocurrency space, with a particular emphasis on Ripple (XRP) and Tether (USDT). The discussion navigates through the turbulent waters of crypto project survivability, regulatory shifts, and emerging blockchain technologies, providing listeners with insightful analysis and opinions.
Timestamp: [00:02] - [06:21]
The episode kicks off with Jeff highlighting recent rumors surrounding Ripple and Tether. Jeff mentions that discussions about Ripple's attempted acquisition of Circle—a significant player in the stablecoin market—did not go as Ripple had hoped. This segue leads into broader speculations about Ripple's financial maneuvers.
Chip adds humor to the conversation while expressing skepticism about the veracity of these rumors. A key point of contention is the wildly varying figures associated with Ripple's purported offers to Circle, ranging from $4-5 billion to $20 billion. Jeff questions the believability of such numbers, noting, "I thought to myself, now if you're going to, if you're going to say if, if you're gonna do something, it should be believable."
Jeff references a post by Moon Chaser, which satirically comments on Ripple's alleged attempts to acquire Circle, emphasizing the unfounded nature of many so-called 'expert' opinions circulating without concrete evidence.
Timestamp: [00:02] - [06:21]
A significant concern raised by Jeff is the alarming statistic that approximately 50% of cryptocurrency projects have become defunct. This high attrition rate underscores the volatility and speculative nature of the crypto market. Jeff warns that this number may continue to rise as more projects fail to sustain themselves amidst market crashes and shifting investor sentiments.
Chip echoes Jeff's concerns, underscoring the challenges that new and existing crypto projects face in maintaining relevance and operational viability. The hosts stress the importance of due diligence and cautious investment in a market where half of the projects might not survive long-term.
Timestamp: [10:25] - [14:32]
Transitioning to developments within the XDC Network, Chip discusses the introduction of Prime Numbers Lab's audited liquid staking service on the XDC network, offering a 6% Annual Percentage Yield (APY). While acknowledging the attractiveness of such returns, Jeff counters by questioning the sustainability and risks associated with staking, humorously reiterating, "Is it risky? I don't know."
Further, Chip highlights the XDC Network's advancements towards omnichain interoperability through Layer 0 integration. This development enables seamless cross-chain communication, allowing smart contracts on XDC to interact with various networks without relying on wrapped tokens or centralized bridges. This enhancement is pivotal for the development of omnichain applications, positioning XDC as a versatile player in the blockchain ecosystem.
Additionally, the launch of tokenized money market funds in collaboration with Archx and the Digital Asset Exchange is discussed. These funds involve major financial institutions like Arborne, Fidelity International, BlackRock, and State Street, signaling significant institutional interest and trust in the XDC Network's decentralized finance (DeFi) offerings.
Timestamp: [12:38] - [29:23]
The conversation shifts to regulatory changes in the United Kingdom (UK) and Ripple's strategic positioning within this context. Chip refers to comments by Cassie Craddock, Ripple's Managing Director for the EMEA region, who praised the UK's fintech week and highlighted the UK Chancellor Rachel Reeves' draft legislation aimed at positioning the UK as a global leader in digital assets.
Jeff and Chip discuss the potential for the UK to take a leadership role in shaping regulatory frameworks for cryptocurrencies. Jeff emphasizes the necessity of regulatory clarity for the growth and stability of the crypto market, stating, "In order for us to see any kind of progress within this space, there has to be some regulatory guidance."
The hosts speculate on the competitive dynamics between the US and UK in regulating and fostering crypto innovation. Jeff notes that without the current US administration's support, the UK's efforts might not gain the same momentum. However, the existing administration's proactive stance is enabling the UK to close the regulatory gap, fostering an environment conducive to crypto innovation and adoption.
Chip adds that Ripple's significant operations in the UK, being one of their larger bases outside the US, position the company advantageously to leverage these regulatory advancements. The discussion underscores Ripple's strategic expansion and investment in the UK as a response to the evolving global regulatory landscape.
Timestamp: [18:26] - [19:20]
A pivotal segment of the episode features an update from Stu Alderotti, Ripple's General Counsel, in his segment titled "Crypto in a Minute." Delivered concisely, Stu announces that the Securities and Exchange Commission (SEC) has dropped its appeal against Ripple and has ceased all enforcement actions against crypto companies in the United States. Stu attributes this shift to the SEC's acknowledgment that it cannot enforce regulations without clear legal definitions, highlighting the industry's long-standing calls for regulatory clarity.
Stu elaborates, "We're going to work with Congress to get smart crypto regulation in place that protects consumers, protects the integrity of the market, keeps bad actors out, and most importantly, allows the innovation to flourish." This development is seen as a significant breakthrough for the crypto industry, paving the way for more defined and favorable regulatory conditions.
Jeff and Chip commend Stu for his succinct and impactful communication, recognizing the importance of regulatory clarity in fostering innovation and stability within the crypto market.
Timestamp: [45:52] - [50:35]
Jeff highlights an observation made by Crypto Eddie from Sento Sumo Saba regarding Ripple-hosted stablecoin breakfast roundtable events. Notably, Tether (USDT) was present at a recent event, while Circle (USDC), another major stablecoin issuer, was absent. Jeff suggests that Tether's participation could be indicative of underlying strategic maneuvers within the stablecoin landscape, especially in light of Ripple's potential acquisition interests.
Chip concurs, noting Tether's significant collaborations, particularly with platforms like Flare, which integrates Tether into their ecosystem. The absence of Circle raises questions about its current standing or strategic focus, though Jeff cautions against overinterpretation, stating, "it doesn't mean anything really."
This segment underscores the competitive dynamics between major stablecoin issuers and Ripple's role in shaping stablecoin adoption and integration within broader financial ecosystems.
Timestamp: [17:28] - [100:15]
Throughout the episode, Jeff and Chip engage in discussions about their NFT projects, particularly the "Badass Yetis" and upcoming "Badass Chimps." They introduce an interactive segment where listeners can participate in giveaways by engaging on their Discord channel. This segment includes the announcement of winners and showcases snippets of their original NFT-related music, adding an entertaining and community-driven element to the podcast.
Quotes such as Jeff urging listeners to "type in YETI because we will be giving one away at the end of the broadcast" emphasize the interactive nature of their content. The hosts also mention plans to launch more affordable and limited NFT projects, aiming to sustain community interest and engagement.
Additionally, Jeff and Chip discuss the technical aspects of their NFT projects, including the necessity of having a Zaman wallet (a crypto wallet) to receive prizes, underscoring the integration of blockchain technologies within their community activities.
In wrapping up the episode, Jeff and Chip reflect on the extensive duration of their discussion, spanning over an hour and a half. They reiterate the importance of joining their Discord community for exclusive content, updates, and further engagement with their NFT projects. The hosts encourage listeners to subscribe and stay tuned for future episodes, promising more in-depth analyses and community-driven content.
Jeff [00:58]: "We are here, punctual as usual, right at 8am you might be late yourself, but it's 8am over here."
Chip [06:25]: "We're pretty good about starting on time but sometimes, man, you know it just gets a little weird."
Jeff [29:23]: "This is a really good thing. So if you see if him, him chiming in here, the guy's really, he's a core member of the XCC network, Zinfin. Org."
Stu Alderotti [19:15]: "The SEC has now admitted what we've always been saying, that you can't bring enforcement actions for violating the law without first explaining what the law is."
Chip [38:59]: "But they do they."
Jeff [29:23]: "I don't see anything else like this progressing at rapid pace. I don't think there would be the same urgency over in England."
Chip [52:27]: "Can someone duct."
Ripple's Strategic Moves: Amidst rumors of Ripple attempting to acquire Circle, the hosts express skepticism over the credibility and feasibility of such endeavors, especially considering the fluctuating figures involved.
High Crypto Attrition Rate: The alarming statistic that half of all crypto projects have ceased operations underscores the sector's volatility and the importance of strategic stability and innovation.
XDC Network's Growth: XDC's advancements in liquid staking, omnichain interoperability, and partnerships with major financial institutions position it as a formidable player in the DeFi space.
Regulatory Shifts Favoring Crypto: The UK's proactive stance on regulating digital assets, coupled with Ripple's significant presence, may catalyze the region into a leadership role within the global crypto ecosystem.
SEC's Relaxed Crackdown: Ripple benefits from the SEC's cessation of enforcement actions against crypto companies, paving the way for clearer regulations and fostering an environment conducive to innovation.
Stablecoin Dynamics: Tether's active participation in Ripple-hosted events, contrasted with Circle's absence, hints at underlying competitive dynamics that could shape the future of stablecoins.
Community Engagement via NFTs: The integration of NFT projects and interactive giveaways fosters a strong community presence, encouraging listener participation and engagement through blockchain technologies.
This episode of On The Chain offers a comprehensive exploration of the intertwined dynamics of Ripple and Tether within the broader cryptocurrency landscape, emphasizing the critical role of regulatory clarity and strategic innovation. Jeff and Chip provide a blend of factual updates, analytical insights, and community-driven discussions, making it a valuable listen for both newcomers and seasoned veterans in the digital asset space.