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Jeff
Welcome to on the Chain. This is Jeff here with co host Chip. What is going on? Chip, what's going on? Everybody out there in the on the Chain family, you better believe that it is time for some serious badassery. That's what we're going to get into today. Why? Because Ripple, guess what they did, chip. They donated $5 million in XRP. Not 5 million XRP but $5 million in XRP to guess what? To Trump. That's right. To the inauguration. To Trump and Vance. And there's so many great things going on. Is a price surge coming? Is this going to spur the next all time high? We're going to talk about that, we're going to workshop that. And I want to give a big shout out, big congratulations to special Opus over on the Discord channel for winning a badass yeti's white tribe. And we're going to do a transfer live on the show. And stay tuned because there's going to be somebody in the audience today that's going to win a badass Yeti. Get your Zomin wallet ready. Get ready to type in the secret word because you guys probably know what that is. And we're going to get this thing going. Also give a quick shout out where you're tuning in from when you enter. Let us know even if you're in the re. Watch it. Just post it in the, in the comments. That'll be awesome. And Chip, if you're ready to kick this thing off.
Chip
I'm ready. Let's do it. Let's go. Welcome to on the Chain. Welcome to on the Chain. Everybody out there. How is everybody doing? What's going on? Matt Laroche and down and down under there. We say down under Australia. We got, we gotta know where you're coming in from.
Jeff
We do.
Chip
Otherwise we're coming in from, from Australia. Then we got our, we got our Florida people here in the house here. I like it. Jim D's here on time. This is good. Props get a gold star. Sometimes he comes in a little bit late. I'm glad he's here early. Got his coffee ready to go. A lot of stuff to workshop. But I, I gotta tell you, Jeff, you know, Trump said he would be get tired of the winning. I'm just not tired yet. Not tired of the winning. I mean the winning is just at a different level. I mean it is fantastic. You know, there's some more going on. So the sea, it's not so much a secret word. Good morning from New York. Miguel Castillo is here. Beautiful. It's not a secret word. It's yeti. That's our secret word. Yeti. Y E T I also the name of my dog, my one year old puppy, nice golden doodle who has. If I could just bottle some of that energy, my God, it would be just fantastic.
Jeff
We may or may not be giving away an ass kicker. I think I have to change that.
Chip
It's an ass kicker. Yeah. So I don't think it's an ass kicker today we got. Hang on a second. We got zero entries so far. Zero entries.
Jeff
You gotta type in the yeti. I'm gonna adjust this and just say we're gonna pick out which badass it's gonna be one of White tribe. Badass Yeti. Yeti. Whoops. Badass yeti.
Chip
Oh it says from the soon social to be socialist country of Britain. I'm constantly getting into it with. Wait a minute. Something's not going on. What is? Why is this? Oh is this. Hang on a second guys. I don't know what's going on. Something is not right. Okay, now it's right. Got 10 entries. There we go.
Jeff
There we go. Things are a little slow on the YouTube camera just went out, everything so what's that?
Chip
Your camera's off for a second.
Jeff
Flickered.
Chip
Legendary Kevin Simon. There you go, right there. That's someone who's been listening for a while. If you know Kevin Simon, that's phenomenal, man. You gotta love that. You gots to love it. Legendary is a legend. Legend in this space. And some of the things we got to talk about today is, you know this RS RL USD is, is got some, you know, it's, it's a. I'm very really interested in this whole thing. Like I think I'm way more psyched about it now that it's actually released. But got two videos here. Jack McDonald who heads up the stablecoin in Ripple. Here's a little video. It's a short little video but it's a good one with some information here.
Jack McDonald
Ripple has always built products specifically for enterprises and financial institutions. Now we're bringing that deep expertise to launch a stablecoin built for businesses but accessible to everybody foreign. For more than a decade, Ripple has been the industry leader in on chain solutions for institutional finance. From the beginning, Ripple has always worked with global regulators ensuring our solutions are compliant and adhere with local regulations wherever we decide to launch our products. We are well positioned to launch Ripple USD for several reasons. We're focused on the gold standard of compliance. RLUSD is issued in accordance with The New York State Department of Financial Services stablecoin guidance which sets forth requirements designed to protect stablecoin holders. The requirements touch on the timely redemption of stablecoins, the safekeeping of stablecoin reserve assets, independent third party attestations to verify the reserve. Ripple USD is one of the few stablecoins that is fully regulated. Our regulators have stringent disclosure requests such as the publication of monthly attestations by an independent certified public accountant to verify the reserves backing the stablecoin Monthly third party attestations of the reserve ensure transparent reporting and reserve management. There will be clear redemption rights and other regulatory standards that are designed to protect holders. For over 10 years, Ripple has always chosen to work with and partner with regulators, policymakers and financial institutions. Our partnerships with major banks and payment institutions bridge the gap between traditional finance and crypto solutions. These established relationships will bring the next wave of users and assets on chain with Ripple USD.
Chip
There you go. You notice he wasn't using the acronym. He was using Ripple USD. You notice that? Yep, he was using that. This is something that we got to.
Jeff
Give the whole name there, the Ripple.
Chip
USD, which is RL for short. And then they have this need to talk about how to set up the new 2025 crypto tax accounting that now requires a wallet by wallet basis accounting and declaration basis accounting. FIFO, LIFO, HV4, all that stuff.
Jeff
First in, first out, last in, first out. Yeah, I don't know what H is. What is H in? What's H stand for? First in, last in, who knows?
Chip
I don't know what Jim tells.
Jeff
I don't know what he foe. What is he for?
Chip
The bottom line is it's, it's a, it's a nightmare. Which is why we're really forward, looking forward to Trump coming in because it's gonna just basically and says that, you know, it's not going to get taxed Crypto, that shit's out the window. Goodbye.
Jeff
Yep.
Chip
So what does this say?
Jeff
Oh, hi, highest in, first out. That's insane. So if you go with the highest in. So first and last in, highest in. These people are out of their minds. You know what they need to have is fifo, which is FIFO would be, you know the theft of our first, first in, first out.
Chip
Oh, that's called f a f o f around and find out. So we just need to delete the irs. It's just a burden.
Jeff
They're theo in from us.
Chip
Someone asked a very important question. If we can print money, why are we paying taxes?
Jeff
Exact. That was from El Salvador. That was. Yeah, that was Bukele, by the way.
Chip
I think Bukele is trolling the IMF in a big way. We're going to get into that story in a little bit too. But I have one. One more video to play. This is Moonpay CEO. This is also talking about another. Let's just want to talk about this one. Another short video. That's what I'm doing.
Jeff
Before you play the video, I just want to do a quick transfer. We had a. We had a giveaway on the Discord and we had special Opus One on the Discord channel. One a Guardian, a badass yeti's White Tribe Guardian. I'm going to do the transfer right now live, so then we can focus all of our attention on the giveaway that we're doing right here. I just want to show you guys how fast these things transfer over when you could be doing it on OpenC. You could be using the ordinals and you could be sitting around forever trying to make a transfer and, you know, send over a NFT or try to transfer some asset over. So the thing is, I'm looking over here at this screen and I'm going to do a quick transfer. I'm going to put in. I'm going to click transfer and then I'm going to put in the wallet address and I'm going to click Transfer. And then once I click transfer, a QR code comes up.
Chip
I'm supposed to. I don't know.
Jeff
I don't know if we're. I don't know if we can put this QR code up on the screen. I'm not sure.
Chip
We don't want to do that.
Jeff
I'm transferring it over right now. I've got the Zen Wallet ready. I hit slide to accept. I confirm the acceptance of it. It says verifying over there. It says the transfer has been submitted on the screen on the app. Boom. Submitted successfully. That's it. The NFT has been transferred. That was it. That's all it took, 5 seconds. Transferred an NFT over the XRPL. Now imagine, you know, trying to do that with the ordinals or Ethereum or one of the other. But this is the badass yeti that special opus won today on the Discord channel. And if you guys are interested in joining the Discord, we'll throw in a link for you guys to join that as well. In the comments, in the comment, we'll put that. But we're going to be giving away a badass yeti today as well, so stay tuned for that. Type in yeti Y E T I and you'll get your chance to win. Make sure you have your Zamen wallet ready. That's what it's all about. And Zober Zer. So Zober, if you haven't accepted the transfer of it, make sure that you accept it. Go into your Zen wallet and accept the transfer of it. And if you did, maybe they're just. I'm still seeing it on our side as though it's sitting there. But just double check, make sure you got the acceptance of it. But that's really awesome. Zober was the big winner of a, of one of the, one of the badass yetis. I'm trying to think what day that was. What day was that? That was one of the ass kickers that he won. It was a really cool ass kicker.
Chip
Wednesday night, maybe Wednesday.
Jeff
Wednesday night. Wednesday night. Today's Saturday. There we go.
Ivan
It's all about ease of use. We are not done. The job is not done until the user experience for crypto is better than your bank account. Hi, I'm Ivan. I'm the co founder and CEO of moonpay. We are on a mission to onboard the world to the crypto economy. We think that starts with really simple and easy to use payments infrastructure. So it all started with this idea that wallets are going to be the future. If that is going to be the future, we need to make it easy for people to participate. And so that starts with building the backwards compatibility to the existing financial system. Stablecoins are already the killer use case for crypto and so we need, we need a competitive market for stablecoins. We need more stablecoins. So we're really excited to announce that we are partnering with Ripple to launch Ripple USD inside the Moonpay platform. What's exciting about this partnership is now customers from anywhere in the world can deposit RUSD directly into their moonpay account. From there they'll be able to participate in defi. They'll be able to participate in marketplaces that accept the stablecoin. On the XRP ledger. We're in all of your favorite wallets. We're in many different marketplaces places now you can use moonpay. So we're really excited to announce that.
Chip
You go more adoption. Fantastic. Giving people more avenues. You know it's a, it's really sweet too, dude. It's a good thing, man. It's what I like.
Jeff
You ever seen moonpay? There it is right there. Moon Pay. If you haven't seen it before. There you go. Moon pay business individuals. You can buy, sell, swap all sorts of different tokens. Plus the Ripple USD is over there. So they have a new partnership with Ripple. That's, it's pretty stellar.
Chip
Going to the moon.
Jeff
Look at that. It's over. Wife absolutely loves the, the ass kicker and displayed on her phone. How cool is that? That was a kick ass, kick ass badassery. That's what, that's all.
Chip
You know, when we got this new puppy, this golden doodle last year, it was the cute, cutest little thing. It was supposed to be a mini, but it's the full size doodle. It's big. It's like a, when you hear that thing walk in the house, it's like a horse, small horse in the house. I mean it's like. So anyway, I was like, I let the girls name it, you know, my wife and the two girls like come up with the name. You guys come up with the name, you name it. And she came up with the name and the name she came up with was Yeti. She said it looks like one of those. I forget which tribe member she thought it looked like, but she thought it looked a little bit like. And I think it was, it might have even been the ass kickers. But she said, yeah, it looks like, it looks like that one. I showed it through this one. She goes, yeah, it kind of looks like that. We need to call him. Yeti had nothing to do with it, man. I was so, I was shocked. I was like, okay, so now he's yet tied the Jedi is what I call him. But he's, he's a Yeti Issa. And it's so funny every time someone hears his name, like, what's his name? Yeti and like, oh my God, that's perfect. I'm like, you don't even know. You don't even know, dude.
Jeff
Boom. Look at that. Got the transfer. Thanks guys. Love the badass Yetis. Boom. There you go.
Chip
We're going to be introducing the badass chimps soon. The badass chimps are going to be, going to be very well priced too. They're going to make, be very affordable. But again, what Jeff and I are super excited about, we constantly, every other couple days we'll share some new AI that's making 3D worlds. It's making, you know, such advancements and you know, ultimately we'd like to create this vision we had about making a game out of it and having these NFTs as a way to, you know, participate in the game. So given even more utility, the utility that exists right now is you get a discount on the badass Yeti's coffee. And yes, I'm going to show some coffee. Hell yeah. It's the best in the world. I'm not playing around, right, Jeff? I'm not playing badass. It's badass. Put this up here. There it is right there. Look at that right there. I'm gonna go out there, guys. You want to support the channel too, but more importantly, if you really enjoy good coffee, there you go. Boom. Badass Yetis coffee. And is it any good? Nah, something great. Fantastic. So there it is right there. Freshly roasted. We roast those beans. They get roasted that same day, they get put in the bag, they get shipped out the next morning. So you're getting freshly roasted inside of a week to your house. Right to your house.
Jeff
Right, right to your house.
Chip
Different ones. Yeah.
Jeff
It doesn't get any better any more kick ass than that.
Chip
Again, you get a discount if you got the nft. So you can go into the discord, you can claim your discount, you get a discount code, you put it in here and it's a it. Listen, honestly, you guys, we don't make a ton of money on this, but it's the, the bottom line is it's a very expensive process to roast and roast it to order, but the taste is everything. It means everything in the. In the end. And so that's kind of what's. What's key. So.
Jeff
Yeah.
Chip
And then of course, you get that discount. If you own two, you get a better discount. If you own three, you get even a bigger discount. So it brings down the cost.
Jeff
Can you hear this Yeti's coffee? You're tasting a legend in a cup. A riot of flavors as powerful and mythical as our beloved Yetis. Every order is roasted just for you, resulting in a freshness as thrilling as a Yeti's yodel. Is it any good? Nah, it's great.
Chip
Damn right it is.
Jeff
Right? That was a message we'll be working.
Chip
On promo that we just play, you know, which we'll just play. But anyway, I just wanted to, I wanted to put that up there. But the big story today that we, we talked about, that Jeff tease in the open is this right here.
Jeff
$5 million.
Chip
$5 million. So the inauguration draw. So this is a great article by Ellie Terrett. Coinbase Ripple and Moonpay have donated the Trump Vance inaugural fund. Right. But you have a lot of too. You also have Zuck. Zuck is suck. This is How I knew this is, this is how Jeff and I sort of knew the election was going Trump's way. When Zuck started saying, started making a turn before the election, oh my gosh, Trump is great. He stood up and he said, fight. Here's a guy that does not like Trump, here's a guy that hates Trump. But he saw the writing on the wall. He's got the, probably the most vast data set on sentiment between Instagram, Facebook. He knows where this was going. He could see where it was going a mile away.
Jeff
Yeah. Knew exactly where things were turning out. He got on board the Trump train early on. So that was, that was a good thing.
Chip
Yeah. So it says Coinbase, Kraken, Coinbase and Kraken each donated a million to Trump's Vance inaugural committee organization funding the three day extravaganza of galas, parades, dinners. I mean someone has to pay for it. It doesn't come out of the general budget, has to be raised. You think, you know the. So this is where it's raised from the private sector. For Trump and his VP elect JD Vance, big win in November election taking place the days before and after swearing in on January 20th. And so blockchain payments firm Ripple will also make a 5 million dollar contribution in crypto token XRP, the digital asset it uses to facilitate its cross border payments business. And all three companies confirmed the donations to Fox Business and Coinbase said it was among the first crypto firms. We were first. You know, it's like when we put a video out and someone just types in the comment first, right? You see this all over, like first, I'm first. There's something great to be said about being first, always first. And Coinbase wanted to know that they were out front being number one. And we saw during the, you know, and you know, Ripple's playing it smart. They were playing both sides. They were hedging their bet. You know, Chris Larson came out and said he's going to donate to Kamala Harris. When wanted to make sure they're playing sort of both sides of it, Right. And for, for a business, you want to, you want to make sure that you're positioning yourself. But the fact that they are donating 5 million inauguration is, is, is, you know, speaks a little bit of volumes. And then the, the statement from Coinbase, they said Coinbase is committed to working with the administration on both sides of the aisle to create regulatory clarity for crypto and it's important to engage early in order to hit the ground running. So the company's VP of US Policy. This is Kara Calvert in a statement to Fox. That's why Coinbase committed to supporting President Trump's transition and ultimately his inauguration well ahead of the election. We're eager to work with the most pro crypto administration in the history as we build the future. Look at that powerful statement right there.
Jeff
That's a massive statement ship that tells you everything. And I'm still 100%, you know, under this idea and opinion say. My opinion is that had things turned the other way, everything would have been drastically different. I think we would have seen an undermining of the stock market would have crashed. I think the crypto market would be stagnant. I think we'd have virtually, you know, zero growth for probably, you know, a couple years in the crypto space. I think there'd still be adoption with bitcoin and, and some of the other asset. But the regulatory uncertainty would have remained. It would have been, it would have gotten worse because it wouldn't just be regulatory uncertainty over crypto, would be regulatory uncertainty about everything financial plus stability on a global scale. All the bad actors would still be in place and they would have more power and it would be a complete undermining and embarrassment for this country and, and most countries that, and so this, it's such a departure. And this to your point, you know, when Zuckerberg got on board, but you and I talked about it, we were very confident that things were going the right way. I kept saying there's no way people in this country or around the world embrace the level of socialist rhetoric and, and taxation and, and the overburdening of what these people have done to us. And so it's a departure. And now what we're seeing also, it's not just about, oh, Republican versus Democrat, it's right versus wrong, it's good versus evil. And, and what we're seeing is that good always victors in the end, it might take years, you know, it could take a long time, but always overcomes and triumphs over evil. Even though we're always in the face of evil, trying to, you know, place its, you know, place its talents into, into us. But it's the will of the people. The will of the people. The speaking of freedom, the desire for freedom, the, the desire for self governance and the crypto space having regulatory certainty. You know, it, it is so meaningful and symbolic to the rest of everything that is happening. And this had to happen. This had to happen. Everybody knew it. You can only, you know, we could only go so far. It would have Been, you know, such a destructive force that I don't think we would have ever come out of. And you could see how the other side is reeling from it. Right. I'm not talking about the Democrats. We're talking about the entire deep state system is reeling from what we just witnessed. And now we're going to see defragmentation of, of the US Government agencies, the unelected bureaucrats. And that is going to create a ripple across the globe in countries all over the world. But, you know, Chip, who did it first? Argentina and El Salvador were first, you know, to, to change mindsets and change the direction that they're moving. Against all odds, they took countries that were, you know, borderline destitute.
Chip
Yeah.
Jeff
Had so much, you know, chaos and evil bestowing on them, and they were able to step up against the deep state. And you reference, you know, Bukele, you know, what he's doing in the face of the imf. The imf, one of those evil agencies out there that want to maintain the status quo in most countries. Why do you think most countries are still in poverty? It's because organizations like the UN and the imf, you know, keep them in those positions because there's billions and billions and billions of dollars to be made off of the impoverished state of most of these countries. And this is exactly why they wanted to disenfranchise people invested in crypto. They wanted to maintain control over it. They wanted to make sure that individuals couldn't gain wealth through it. They don't like decentralization. I don't care what anybody says. The whole notion of decentralization brings freedom and brings the power back to the people. And people on that are involved within the, that socialist state don't want that kind of freedom in the hands of the people because then they can't control them. When they control your wealth, they control you. When they control your health, they control you. When they control your food supply, they control you. You know, so at least if you can step, Chip, into this notion of we need to gain our freedom back, we have to maintain our privacy, there's certain things that have to happen. And in this country, there's been such a breach of constitution that we've lost so many of those rights and, and that is, you know, demoralizing. But that's also what this transition is all about. And the MAGA party bringing in rfk, Tulsi Gabbard, there's people from all parties that have gotten involved in this because they all have a singular goal, which is make America great again. We make America great, we make Britain great. You know, we can make whatever country. Argentina, Canada, Mexico, wherever you want to go. Australia, everywhere, anywhere in the world. It's time, you know, it definitely is time. Here you go. The Bahamas is the same way like that. Massively marginalized across the globe and, and it's such a negative influence and this is the direction we're moving. And that's what's so great about it. You know, this is, this is the time. Here you go. Give God credit. Here we go. Where is it? Give God credit was a miracle. It was, you know, got, you know, it was, it had to happen. It wasn't going to go in the direction things were going in, Chip. It was impossible. You know, it definitely was. Look at that. Apply for concealed. Congratulations. That's awesome. It's great to see that.
Chip
Well, that's the other thing that's gonna be changed too. It's gonna be open carry everywhere in all states. And they're also going to make it so that you can go across straight lines because right now you can't. You're not supposed to cross straight state lines, but they're going to make it so you can cross state lines because it's open carry. Well, Florida too, Florida passed it too. So you don't, you, it's, you don't. I think you have to. Do you still have to conceal it? You don't need a concealed permit anymore though?
Jeff
No. So in Florida you can, but there's still. So if you get your, your concealed permit, concealed carry permit, you can walk into a store, make a purchase and walk out of the store with it. If you don't have your concealed permit, there's a hold, I think it's a 72 hour hold. So you go in, they do background check, you pass background check, then there's a hold period. Then you have to come back and pick it up. If you have a concealed carry, there's reciprocity in multiple states. So for instance, you could drive from Florida up to Michigan and pretty much all the states have reciprocity with concealed carry with the state of Florida. You know, you just have to double check depending on where you're going. Don't go into like New Jersey or New York or anything like that, you know, double check, you know, and then there's all sorts of, you know, factors at play. But having, not having to, you know, if you have a immediate, you know, you don't have to have a concealed carry permit. It changes the aspect. But at the same time, I Would like to see, you know, people at least doing their due diligence to train, understand, have some, you know, safety, you know, understanding of how, how these, you know, how, you know, depending on what, what you purchase, know, know it inside and out, make sure you know how to load it, make sure you know how to clean it, make sure you know, it's. It's capabilities, you know, and. And just be. Storage.
Chip
All that stuff.
Jeff
Yeah, all of that, you know, and too many people buy it, put it in a drawer and never use it ever. And. And that's the worst thing, you know, you have to go until you have to. And then you're like, oh, crap, you know, then that's where, you know, problems happen, you know, so it's. It's really important. But this is, this is in the U.S. you know, thank God for the U.S. because we have a second amendment, you know, and this is the only one. What's so critical?
Chip
Look at this. So, yes. So as of July 1, 2023, Florida residents, you'll be, you got to be a U. S. Citizen, 21 years old, demonstrate competency with the firearm which Jeff was talking about, not have a physical affirmity that prevents safe handling, you know, some kind of a thing that, you know, prevent you from handling safely, not. And not be ineligible to possess it due to a felony. And this is the other reason you would want to have the concealed permit is because for individuals who want to carry in states that require permits and offer reciprocity to Florida permits. So there you have it right there. I didn't know we were going on that journey, but somehow we did. I wanted to go. I didn't know we were gonna do that, but that was just. Did you like my new banner for Jeff's rant signal?
Jeff
I like that. I need to have a song that goes with that.
Chip
All right, well, I'll make one. We'll make an AI Song. It'll be like. It'll be a little loop that will throw in there time. Jeff. I wanted to see. I had highlighted one that I can't find now. And it just drives me crazy, man. Drives me crazy. Why I can't find this somebody. Here it is right here. David O'Brien says, hey, lads, what do you think of that clown? Mark used goes comments on Brad Garlinghouse and xrp. Well, it just so happens we have that clip. So there we go. We're in line here. So I wanted to play that he was on with the the wolf of Wall street. Let's listen to this clip and let's get your thoughts, guys. Let's hear it. Pump is doing through this, this entity that he owns. He.
Jeff
And it's really his son. But because I don't think Donald really.
Chip
Understands this stuff is buying a bunch of crypto, Bitcoin and Hedera and XRP, a bunch of things that might be approved for ETFs next year.
Jeff
Shocking how that works.
Chip
So there you go. So there's use go. And I don't know what proof Yusco has of this. I mean, to go on, you know, with Scott Melker, who's known on, on Access, the Wolf of Wall Street. I don't know what, what, you know, he's like, he, he's, his entity is buying all this stuff now. Maybe it's public, maybe you're chasing wallets. First time I heard of it. So. And what would be uncommon for them to buy the top five or 10 anyway? Like there's no big revelation here. Like, so what? But the way he's talking about it, I don't think Donald understands crypto. No, he doesn't. That's why in his first term he was like, bitcoin's bad. Until he, until he thought differently. Right? Until he got educ. Educated by. And I think Vivek was like instrumental and sort of bringing him around with crypto. But I think also probably, you know, Eric and Don Jr. Had something to do with the two because they've always seen pro crypto. So, you know, everybody can change their mind. You know who didn't change their mind? The Democrats. We heard about the pivot. We never saw the pivot. And Jeff, to your point in the rant, we're never going to see it because it's incongruent with their control mechanism. One of the things that was in that, that continuing resolution bill was like a hundred million dollars in funding for that third party government agency that just got busted on Twitter for doing all of the censorship. They were funding it more again, they're trying to go back door to get. And it was all backdoor stuff, right? It's like, Trump's on the way out. Let's sell all the border wall parts. Let's get rid of all that. I mean, the whole thing. If you didn't know what kind of zero character, most character, most honest person. When Biden came out recently and said he had zero scandals during his presidency, I laughed almost as hard as when Obama said it. I'm like, these two are cut from the same cloth. They're both nincompoops. I mean, they're both nutters and really, dude, no, not. No scandals at all. Okay. Just say it and it's. And. And make it so right. If you say it, it must be true. This is what kills me about these guys, man. It's just, it's, it's a. It's. It's incredibly bad and I want to talk about this. Jeff, this is insane. So do we ship to Canada? Jeff? I don't know if we do ship to Canada.
Jeff
So we'd set it up for some international. But there was some issue with shipping the coffee and doing the whole thing. It. But we tried to get it set up so it may. You'd have to go on. If you go through the link, it'll tell you whether or not it ships or not. Doesn't ship. But there was an issue with shipping and potential customs. I forget exactly what the whole ordeal was. So it's a question mark. You have to go on and try it out, see how it works.
Chip
This is good analysis right here. Alko says Yusuko is a dumbass. In regard to the 60 Minutes interview analysis, not the Trump cryptogrift the grift. That's funny.
Jeff
There. There was a problem. I checked. It does be very. That was the problem. The shipping was ridiculous. You know, because of all that trying to get it into certain countries. It was, it was cost prohibitive on the. On the shipping. Unfortunately.
Chip
Yeah, we can. If you hit us up, we could give you the best discount on it to offset the shipping. But yeah, unfortunately there's nothing we can do about it because it's just goes through Shopify. Yeah. And it's. And it's not us too. So it gets shipped out of there. It's not really our. Miguel Castillo says Trump knows about crypto. He met with Brad Garlinghouse in his first term, but it wasn't time to promote crypto. Yeah, that's a good. That's a good point too. Like the time. Timing is everything. And you know, I mean, it's not like Trump didn't know what was going to happen in 2020. He. He predicted it six months ahead of time. He knew it was going down.
Jeff
Knew exactly what's happening.
Chip
He knew exactly what's going down. He has everything. This is why people are running scared. He has all of the. Of the stuff. He knows where the dead bodies are buried.
Jeff
That's right. Check out CB 1111 11. I like those numbers. Finally made a live show. Always enjoy your controversial commentary. Awesome blend of crypto and politics. That's right. Nobody does it. First of all, Most of the YouTube channels out there don't even understand how to analyze what's happening in. In the space with crypto. They're just focused on the ups and downs. I'm not talking about the guys that are doing technical analysis. That's totally different, but just most of the typical YouTube commentary, it's all just FUD and FOMO, right? They don't properly analyze any. You have to bring the politics in with the crypto, because otherwise, you know, and so that's why, you know, we talk this way.
Chip
It's all connected.
Jeff
I think it's critical. It's all connected, you know, and it's.
Chip
This is where I think that Bukele is pulling a fast one, because when this broke, when this story broke a couple days ago, I didn't buy it on its face, because I'm like, Bukele isn't one to roll over. He just isn't that dude, right? And I even asked them all, like, I even asked him in Spanish if it was true, and he obviously didn't comment on it. I mean, who am I, right?
Jeff
He answered you, right?
Chip
No, he didn't answer me. Oh, I mean, who am I? I'm just some dude. I'm just some dude sitting in my. You know, in my. In my house, doing a podcast. Just some dude.
Jeff
We should try to get him on. How cool would that be? Be like, dude, we do a podcast and we talk about.
Chip
That would be, I mean, all the time. It'd be a dream, dude. It'd be awesome.
Jeff
It'd be awesome.
Chip
Look at the story. El Salvador to scale back bitcoin efforts under a 1.4 billion IMF deal. Under the agreement, El Salvador will make bitcoin acceptance voluntary for the private sector while restricting public sector involvement. And after four years of negotiations, El Salvador entered that 1.4 billion loan agreement. Provisions on the agreement implied that if approved, El Salvador would have to scale back certain aspects of bitcoin strategy, according to a statement. Now, if the IMF is going to, like, shake you down and say, we'll give you a loan for 1.4 billion, but you got to drop. That tells you everything you need to know. If you. If they want you to drop bitcoin, that tells you everything the International Monetary Fund wants you to. I mean, their arch enemy is bitcoin. And when I say bitcoin, it's every digital asset, right? Bitcoin's the name brand. It's bitcoin. It's, you know, Hedera. It's Ethereum, it's XRP. You know, it's all of them, right? Top 10, 20, whatever, Sui, it's all of them. And so when you hear the bitcoin, it happens to be what he's using and I'm like, this smells funny. It just. Something doesn't, you know? Initial details of the deal were disclosed earlier in the month, with sources telling decrypted. The plan is focused on supporting a macroeconomic adjustment and structural reforms. Under the new agreement, El Salvador will make bitcoin acceptance voluntary for the private sector and restrict the public sector's involvement in crypto activities. The government will also gradually reduce its role in the Chivo Digital Wallet program. The agreement outlines a comprehensive reform agenda, including measures to strengthen anti corruption frameworks and align banking regulations with international standards to improve financial stability in governments and the potential risk the bitcoin project will be diminished significantly in line with the fund policies. IMF Deputy director Louis Kabudu said in. Mission Chief Rafael Espinoza wrote in the statement, they need to be in jail. Look at this.
Jeff
They need to, they need to fragment the imf. They need to get rid of the imf. The IMF is a destructive agency, as is the un. I would like to see the UN disbanded or at least realigned, you know, reassessed on, on how it works and what they do with it. At least free up the real estate in New York because there's a lot of prime real estate where the UN is and the people. Yeah, I mean, it's mostly just a whole bunch of zealot corruptive dictators that gather in our country with diplomatic immunity and they travel over here and hang out in our city, you know, and they do all sorts of crazy things in our city, destructive by nature, as is the imf.
Chip
When you see who's on sits on the security committee, it tells you everything you need to know. I mean, it's a joke of an organization. It really is. Mark Harvey solid. He said El Salvador normally posts a 1 bitcoin by daily, but today it was 11. Bitcoin country also received 1.4 billion from the IMF. El Salvador might be buying the dip with IMF money. Look at this right here, Jeff. Every single day, 1, 1, 1, all of a sudden they get that loan and boom, 11. You think they're spending the IMF money on this? Buying the dip, Jeff? I mean, I don't know. I mean, this is, this is hilarious. This is why I think in preventing people, this is the thing. So a lot of people moved to El Salvador because it was, you know, it was bitcoin endorsed. When my buddy was there recently, he was like, yeah, everyone, you vendors on the side of the road, they accept bitcoin. You pay with your, you know, with your, with your phone. You pay, you want to buy vegetables, they get to pull out their phone. And you know, they prefer to get paid in bitcoin. So, so those are businesses that are doing it but restricting the, the private citizens from getting it. I don't know, something just doesn't smell right about this. I'm not saying he, he bent the knee, but this, there's just, it's a little bit suspicious. I don't know. What do you guys think? You guys think this seems suspicious or.
Jeff
God says it'd be funny to see how silver. I would like to see that too. You know, what's, what's cool too. Now you can set the price of your goods, right? Produced domestically, set them in bitcoin, that's fine. Then you're not worried about the fluctuation in currency FX with the US dollar, right? We're seeing the bitcoin to US dollar fluctuation, Bitcoin to whatever that's on the, you know, foreign currency transaction. But if you're in your country in El Salvador and you say that the cost of cucumbers is.00001, you know, Satoshi, whatever it is, and no matter what, that's going to be the cost, you know, of it. And you don't have to worry about constant price fluctuation or conversion into their domestic currency. But you say it's either this or that, you know, and it's like, hey, I want to pay in bitcoin. Okay, well this is what the cost is. Now. You've set your, your economy based on the bitcoin, not based on the foreign currency exchange of the valuation of it on a global stage. Because who knows, you know, what the impact, you know, you couldn't, you know, live on constant fluctuation, especially from a domestic. So if they're making that transaction and that transfer, if they were using the lightning wallet or if they decide, hey, you know what, we're going to start implementing XRP and some of the other digital asset on top of Bitcoin. I would love to see a digital friendly country. It would fundamentally change El Salvador forever. Tell the imf, go kick sand. You know, don't want you in our country. You're the guys who cause all the problems around the world. Don't want the UN here, don't Want to listen to anybody? Bring in more digital assets. Create a digital asset friendly haven to attract more development and more digital asset companies. Make El Salvador the global capital of the world for development of blockchain and cryptocurrency. That's it. You're putting El Salvador on the map forever. Forever, you know, won't change. That'll become like what Dubai is over in the Middle east and you'll, you'll create El Salvador into the Dubai of blockchain and crypto and it'll again, it'll change everything fundamentally. And, and that has to happen. And when that happens, it tells the IMFs, you know, and the global organizations and the elites, you know, screw you guys. You know, we're going to do what we got to do and that's going to be on our hemisphere. We embrace it and, and you'll see fundamental change that would only happen with Trump in office. You know, right now you have a. If you would have allowed Biden and, and Harris and any of these other despots to continue their reign of, of terror in this country, you would have seen El Salvador, you know, undermined and, and South America undermined to even greater extent. They would allow the tentacles of the IMF and the UN to put even heavier influence because they couldn't allow that on our southern, our southern border or, you know, south of our border. I would say, you know, in the southern hemisphere, you know, they wouldn't want that to happen. You know, they, they like the chaos. You know, through chaos you have control.
Chip
You know, so Alchemist says, while Kaimes and Dai are not fudding btc, but bitcoin going to zero. They are now calling it a CIA psyop. And Jim D. Says, I think DAI is one of the few who really get it about the charade of BTC. Now.
Jeff
Meaning what?
Chip
Meaning this. Meaning that they think it's a psyop.
Jeff
DAI always talks about your opinion. What kind of rhetoric is that?
Chip
Bitcoin's garbage. Typical maxi Bitcoin's garbage. It's this and that. It's like, you know, even like the amount of energy you would waste to talk about Ethereum. It's done, man. It's in the ecosystem, right? Build a better product. Suey built a better product. They built better tech. That's why Sui's probably going to be another SOLANA that goes 100, 200,000. I'm sorry, 100. Maybe, maybe at some point. But. And this just pure speculation. Just. But, but the whole thing of bitcoin, it's done. Is it's not fast enough. Who gives a. The AI if it's not fast enough? It doesn't matter. None of it matters. And if it's like, yeah, will it go down? It'll go down. It'll go up. But, you know, I'll tell you what, if Trump creates a bitcoin reserve and he puts a trillion dollars into it, you better believe it's going to 2, 3, 4, 500,000. And it won't be weird by 2030 to see a million plus bitcoin and someone will be out there. But the mechanics of it aren't good. It was never finished. Who cares? Who cares? So this whole thing of this whole, this whole. This whole goofiness of. Of being a maxi, you know, and I always say, like, you know, there's a proverb that never forget the man. Of course, we can interchange that with woman. Never forget the person who dug the well, right? Because everybody goes and drinks from the well and everybody enjoys the beautiful fresh water. But at some point over time, people don't remember who actually dug the well. You know, who dug the well. It's called bitcoin. Bitcoin dug the well for us to have a. A, you know, a robust ecosystem, right? It was the first name brand. It was the first. So just hating on bitcoin now. If you don't like bitcoin, well, don't buy it. You know, I happen to own it. I'm like, you know, it's the greatest thing ever. I love watching the price go up just like anybody does. Right, Own Ethereum. Right, Own. So, like, what about, you know, what about the. The whole, you know, ethereum and this and that with, who cares? It's done. I don't like governments picking winners and losers. You're not going to undo it. You just got to buy. You just got to build better tech, right? Win it in the private sector. If you outdo somebody, if you build a better mousetrap, people will flock to it, builders will go to it, and if you make it accessible. That's my rant for the day, Jeff. But this whole. I never buy this whole thing of, like, bitcoin is evil and bitcoin this, and it's going to zero. Well, okay, it's sitting around 100,000, give or take. It's fluctuating. But good luck on that going to zero thing, right? And it's like, wouldn't they figure out where satoshi is? And they figure out it's a CIA, you know, or, you know, it's a scop operation. Yeah, it's one hell of a scop operation. Boy, it's getting adoption through the roof. Fantastic.
Jeff
That's my red zero chip. The entire crypto market's going to zero, right?
Chip
You. So wishing for bitcoin to go out doesn't mean you're going to make room for something else, Jeff. Exactly.
Jeff
It, it, it doesn't make sense, you know, and so, you know, Miguel saying, you know, if XRP overtakes btc, what happens then? In which way does it overtake btc? There are two separate use cases, right? BTC has a very particular use case. Put Bitcoin into the Treasury. So what if it's slow, so it's expensive to move? You know what else is really slow and expensive to move? Gold bars. Have you ever tried moving a whole, you know, pallet of gold bars around? Guess what? It's going to be really difficult to do that and it's heavy and it takes a lot of logistics. Bitcoin. So what? So what if it takes a lot of logistics and it's expensive and difficult to move, but if you put a trillion dollars of it into your treasury, if you're a micro strategy and you have 14, 000 or 30, 000 whatever number of bitcoins, I think they have 29, 000 bitcoins or more and they have that in their treasury, guess what? They don't care about moving it because they're not moving it. It's sitting stable. And if it's a market cap, that doesn't matter either, right? Market cap is market cap. I mean, it's based on the valuation and available asset, right? So if, if bitcoin is or is 200,000 based on the available supply, that's your market cap. I mean, it's not as relevant of a number as it is, you know, from a stock perspective. If I want to look at the stock and I say, okay, what's the market cap of this company versus another company? What else is going in to the valuation of that stock price based on the market cap, based on all the other parameters that you're looking at the fundamentals of the company versus a currency. What's the market cap of the US Dollar? What's the supply of the US Dollar and the overall valuation, you know, that's relevant to the value of, of the US Dollar, you know, but then same thing with these other assets, right? It's value, perceived value in the trade amongst companies, people, however you want to look at it and you know, versus supply. So if people Think dogecoin is now worth a dollar. Guess what? That's what people value dogecoin at because it's in flux. You know, everything is just based on FOMO or a FUD in, in the crypto space. But as soon as you decide on, on a perceived value and an accepted value and you know and that and it starts maintaining some level of stability, that's great. You know, right now there's still a chip, tons of fluctuation in, in bitcoin obviously, you know, you see it going massive, you know, massive fluctuation. It was down to 93,000 but last week it was at 107,000. But you know what? Not that long ago was sitting at 50,000 with, with XRP sitting at 50 cents. XRP now at like 220. I don't know what the current valuation is.
Chip
Just pulled it up. 220, 224.
Jeff
Bitcoin sitting at 97,000. Ethereum at 3,400. Chip to your point, you know, if bitcoin goes to zero, the say goodbye to the rest of the market. I mean that, that's it. So for them to say it's a psyop or what, who cares at this point? I mean it is what it is. It's in the space. Prove it. Prove that Satoshi was a CIA, you know, psyop. Who, who. Where are you getting your evidence from? Where are you getting the facts from? Because if they have somehow have the evidence, that means other people would be talking about it. It doesn't exist. That's why nobody knows who Satoshi is. They can rant on it, they could try to figure it out. But I guarantee those YouTubers don't know who they are. They can just make an assumption and that's all it is. It's just opinion based on, based on no fact, no evidence.
Chip
Scotty says my guess, the great state of Texas will be the home of the national bitcoin reserve. They already have a solar bitcoin miner facilities there. That's. That's a good point. I would say that that's a very possibility. Legendary says that is Bitcoin is heavy, ain't moving it anywhere, which is. Which is. Right. It's a little heavy. You don't want to be. I've seen in Texas Senator Ted Cruz pushing really hard for Texas. Well also they're talking about it in Florida. I think Tennessee's embarking on. You're going to see every state, at least probably the red states going to embark on it. Because look, if, if if you, if and this is the greatest thing we can hope for being in the crypto space and being. Talking about decentralization is if, if Trump goes ahead and makes a bitcoin reserve, puts a trillion or 2 trillion man, you know, it's going to go to 2003-004005-00000. It's going right. And the, and then what will happen as a result of that is other countries will also adopt the philosophy, right, well, the US is doing it. Okay, it's safe haven. Well, let's go ahead and do it. And when they go ahead and put forth now, you're going to make bitcoin very scarce, right? If you're, you got major countries huddling a lot of it, not to say that, but you're going to make it more scarce. And what's the, what's the final mine day 20, 42, 44, whatever. You know, it, it's going to con. It has to be continued to be mined. The value has to be, has to keep, continue to go up because every time, every four years you got a having and your rewards are reduced. And if you, you can't have a low bitcoin, otherwise, you know, you're not gonna have miners in the game anymore. So there's, it is a. Whether you like it or not, it's a good ecosystem and it's working and it's getting adoption. So any of the tech, you know, sure, XRP is a better, it's, it's, it's a better tech around moving it three to five seconds. But then SUI comes along and it's even better tech. So, you know, it's like you're not going to be, there's always going to be competition in the space. This is why the private sector is always better. One of the things Trump said was, he said, you know what, we gotta, we, we gotta get rid of the post office. And of course Elizabeth Warren was out there, you know, the fake Indian ranting. Well, we can't do, Listen, it's inefficient. It loses money. You know who makes money? UPS, FedEx. Right. The, the international, you know, carriers, they make money. Right, right. So you, so here we are running at a loss, having all these, I mean this is the worst thing in the world to have to go into a post office and have to ship a package. But God, it's like government workers, you can't see people move slower. You know, it doesn't matter which, which branch you go to, Jeff. It's like you get in there, it's the long line. There's that weird smell of the post office. I don't know what that smell is. Like paper. I don't know what it is. Right. They all have the same weird smell in there. And people are like this. Hi, can I help you? Yeah, can I just get a roll of stamps? Did you want a roll? Which road size you. I just wanted to get some stamps. Okay, you get some. They turn around, they open a little drawer, pull it out, put it in a little bag. I'm like, my God. I mean, we want to know why there's always a line at the post office. Inefficiencies. Trump makes like, hey, we should probably privatize the post office. Oh, my God. Up in arms, people are going, Chris, they can't believe. And this is what I love, the fact of the regular moving. Removing regulation, especially regulation that was not enacted by Congress. There is so much of it, you know, and the, the recent ruling, what was that? The, the Chevron. The Chevron ruling that kind of came around and was overturned, that you had government agencies making up rule sets. Jeff, they were just like, you know, they're like, this is now a rule. Well, no. Where's the legislation that backs it up? So all, all that stuff is gone. And the fact that I wanted to, I want to play this, this little tidbit here we've got from this wackadoodle senator. The best thing you can, that I've just enjoyed so much going on is, is what's going on with the left, right? The Democrats, they're crying foul. President, they're calling them President Musk. President Musk intervened. You know what happened, Jeff, this is the most brilliant thing that's been done, right? We got 34 entries into the Yeti. The most brilliant at a. While I was thinking, like, how is the speaker? Is he a rhino? Is he this. No, man, this is all by design. They negotiate this thing. They, they have the 1500 page thing. No, they know nobody's going to read it, but they know that Vivek Ramaswamy is going to read it. They know that the, the people, you know, the big voices are going to read it and they're going to tell the public now, now, what people don't realize, and this is. The Democrats probably know this. They weren't the influential vote. So their phones weren't broken up, the lines got flooded, got shut down because everybody went and started calling the representatives and like, what is this crap? What do you, what do you mean? You're giving yourself a 40% pay raise. Yeah, they were the ones that put it out there. But they have no real power. Even the. The Doge, the Department of Government. Government efficiency doesn't have any power. It's suggestions. But they're going to figure out where to make the cuts and they're going to run it by Congress. And Congress is going to do it or it's going to be done through executive order. Better to go through Congress and eliminate it. But this whole idea. But they're so triggered. Look at this. Here's a. Here's a. Here's a representative. Karma Carmichael's finally here. Good morning from Louisiana. So, yeah, he had that pile up on the Pontchartrain Bridges the other day. Man, I saw that. That was crazy.
Jeff
Before we. Before we go to the next. Next video here, check this guy out. This is.
Chip
Look on him so we can see him.
Jeff
Jeffery Bandit. Look at this guy. Oh, let me. There we go. Oops. Look at this guy. Look at that. Look at the detail on that sword. This guy is a bandit. He's just ready for business, this guy. Look at that belt. Look at that. Look at the detail on his belt, man. The snow. Have you guys ever seen detail like that? Look at this snow. You can actually see the. The ice. The ice of the snow getting crunched under his feet. A little bit of dirt there because he's been walking through the snow, trampling it. Man. Just the. Look at this branch. Look at the detail of that branch behind him. You can see just every aspect with the mountains in the background. This guy's somewhere out there in the Himalayas getting ready to take care of some business. And this. This is gonna be yours. Whoever wins. This guy. That guy's. That guy's awesome.
Chip
That's some serious badassery. So here's one of the blue hairs from the Democrat side. Very, very upset. Very. She's very upset. You gotta listen to this. I. I am loving this so much. The triggered stuff is going off here.
Jeff
What is that going on?
Rosa Delauro
They got scared.
Chip
This is. This is. This is a Representative Rosa Deloro from Connecticut. So she got up a grant standing on the floor, and listen how the Democrats are like.
Jeff
Yeah.
Chip
I mean, they're so triggered. This is so beautiful.
Rosa Delauro
And you know what?
Chip
What?
Rosa Delauro
They got scared.
Jeff
Oh, no.
Chip
What happened?
Rosa Delauro
Because President Musk told them. President Musk said, don't. Don't do it. Shut the government down.
Jeff
Imagine they should.
Rosa Delauro
What does he know?
Jeff
He knows more than you.
Chip
Be the people, baby.
Jeff
What does he know? What do you know? You've never employed anybody Hell no. Yeah, they need to be. The government needs to be furloughed.
Rosa Delauro
No. And when you shut the government down, people don't get paid. And maybe if not got paid, if the government shut down, some people on the other side of the aisle would feel differently.
Chip
I feel happy, man. I feel. Listen, what they don't want you to know is when you shut the government down, nothing happens. Nobody cares. Like, this is the greatest thing. The SEC put out a statement. If the government shutdown happens, they're going to be furloughed. This is fantastic news. Shut it down for a year because, you know, the services like Social Security check, all that stuff still goes out, all this garbage stuff goes to the wayside. You know what they should do next? They should cut your salary. That's what they should do. You want a 40 hike? How about we cut it in half and let's see if you want to volunteer to go do this. Are you trying to make this your life's mission? You know, and the funny part about it is this got to the people. Yeah, sure. People like Vivek read it. But there was stuff in there that was just ridiculous, Jeff. Like this whole. Man, there was so much garbage pork in this bill. So I have to. Well, there's a reason. There's a reason. Hang on a second. There's a reason why I want to watch it because somebody made a meme out of it. It's fantastic. Just focus on her face and her mannerisms and this meme will make a lot of sense.
Rosa Delauro
Hang on about where we're going in this effort. We had an agreement.
Chip
This is the thing. And Jeff, you know, I always talk about big goofy glasses. For some reason. There's like an epidemic of big goofy glasses in this country. And if you look back like the 1974, you could see these giant big ass goofy glasses. We used to laugh at them, but now big gas goofy glasses are back. Everybody has them. My kids wear them. I see them everywhere and I'm. Listen, I'm not banging on someone that has big glasses. But you know, in like five years, you look back at that and go, look at those big ass goofy glasses. They look stupid. So big ass goofy glasses with the hair and she's ranting, she thinks, she's talking like, this is great.
Jeff
That's definitely not real.
Rosa Delauro
This is not. This is not different from what we've experienced over the last year and a half or so. Think about it. Biden, McCarthy, deal. Come together. Next day, walk away. Johnson, Schumer, deal. Next day, walk away. And now this deal, walk away from it.
Chip
We rug pulled the Democrats. They thought they were getting a 40% pay cut. They thought they were going to fund the government third party. It was going to do all the censorship. This was a setup a mile away. You don't think Johnson set this up this way? Yep, we got a deal. We got a deal. And oh, we people call the people. And then you, you know what really changed was a game changer when Trump came out and said, go ahead, Republicans, vote for this, we will primary you. And then Musk came out and said, yeah, and I'm going to make the campaigns happen and I'll make sure that they're well funded. That's what you call we the people. You don't get in line. And the greatest person to ever do this in the history of the United States is Matt Gaetz. Matt Gates would not confirm the speaker when the Republicans took the House. This is my ranch. He would not confirm. He said he wanted a provision in there that if you go back on your word of what you told us you said you were going to do, we can oust you and it's going to take one person to do it. Me or. It was mtm. Right. What's her name? The, the other senator, the other House member from. From Congress, Georgia. What's her name?
Jeff
Marjorie Taylor Greene.
Chip
Yeah, mtg. So she was. And they said that. And guess what? He went back on his word and they got rid of him. This is the. Are you kidding me? You said you were going to do this, this and this. You didn't do this, this and this. You're gone. And most of the time we got to sit through it for years and years while you get feckless stuff. But Johnson, who was just on the plane with the thumbs up with Elon Musk, Trump, and he's sitting there smiling. This was a set of a mile away. They were always going to rug pull this on them. They made him think they were getting a 40 raise and they were going to fund all this stuff. They're going to fund Ukraine and all this garbage stuff that they do on the Democrat front. Build bridges. They were going to build a stadium, a football stadium in D.C. explain what that has to do with continuing the government. What does your 40 pay raise have to do with continuing the government? So as a result of all this, Jeff, this is what we ended up with. We get these triggered nut jobs that this is glorious to listen to this. Let's listen to him one more. Then I'll play the meme who do.
Rosa Delauro
We trust in this body? How long can the American people trust. And now this deal walked away from. Who do we trust in this body?
Chip
We the peoples who we trust.
Rosa Delauro
The American people trust us.
Chip
No, we don't.
Rosa Delauro
Their lives. When we had a moment when we came to agreement as Democrats and Republicans, and then we were able to say, let's move forward this country, you know.
Chip
All right, that's enough of that. So somebody made this meme. Jeff, what's this?
Rosa Delauro
And you know what? They got scared because President Musk told them. President Musk said, don't do it. Don't do it. Shut the government down.
Jeff
Oh, my God.
Chip
People are just so. They're so creative.
Jeff
And you know what?
Rosa Delauro
They got scared because President Musk.
Chip
Look at the. Look at the eye movements. Don't do it in the blue hair.
Rosa Delauro
Do it. Shut the government down.
Chip
I thought she was gonna say shut the front door. Shut the front door. You gotta love it, man. You just gotta love it. I mean, holy cow, man. You know what? The muse on the right. That's about it. I mean, the memes are so good. They are just so, like, spot on. You know, Anna Luna, who's a rep from Florida, she had this to say on the floor.
Anna Luna
Mr. Speaker, I've never actually voted for. I'm here today because I realize that the plan that's on the table currently to keep our government open, but also the promise from the only president in my lifetime who's ever followed through on all of his campaign promises to the American people. Excuse me, I'm not done talking. Give me the same respect we give you guys.
Jeff
Listen to Florida House to order.
Chip
My colleagues are reminded the gentlewoman has the floor.
Jeff
She has the right to be heard.
Chip
Yep, the gentlewoman has the right to be heard.
Jeff
Would be reminded to direct her comments to the chair.
Chip
The gentlewoman from Florida is recognized for.
Anna Luna
The only president in my life to time who's fulfilled all of his campaign promises to the American people. Has promised to cut hundreds of billion dollars in reconciliation. You want to talk about shutting down the government? The deal that was negotiated was largely rejected by the American people, which to Speakers Johnson's credit, pulled it from the floor, which is why we are here today. The deal on the table will keep the government open for the American people. And if you guys so choose to shut it down, it will be on you but not. Not the Republican Party. We will not be going back to the table. This deal stands as it is to let you go back home on Christmas and explain to your people why you shut down the government? Because we won't be doing it.
Chip
This is a freshman, man. She. She's. She's for real. And she got a lot of flack, Jeff. She got a lot of flack because she's a former, you know, model, and she did, you know, she did stuff for sports. She was in Sports Illustrated and stuff. But this is one of the videos that really ticked off the. The left. She was modeling a Make America great swimsuit. So. So she was like. She had this. So they were like, they were giving her a lot of flack for that, like, and that this. This thing. Whole thing went viral. But, you know, she's a former model. She, you know, she next to the flag, and everybody, you know, gave her a whole bunch of grief over it. And. But she gets on there like nobody's business. And she got on there, just took them apart like, hey, we let you speak. Shut your. Where I'm speaking right now. You gotta love that, Jeff.
Jeff
That was a. It was a jab and a cross hook. Boom. Put them in their place. Look at that badass Yeti. So everybody type in. In yeti. We're gonna be doing a drawing soon, so type in Yeti so we can do that drawing soon for that badass. That's some badassery right there for that bandit of the White Tribe. White Tribe. Badass Yetis. It's really sweet. So Flo said, show that one more time.
Chip
I'm gonna see it again. Let's see if I think, what's that.
Jeff
Next video you had queued up? Do you have something else?
Chip
Yeah, I don't know.
Jeff
It's just something random. Randoms. Some random.
Chip
Yeah, there's the Instagram.
Jeff
And the other thing is, make sure you guys get your Zaman wallet ready, because when we do that, when we do that transfer. Gotta have your Zaman wallet ready. We're gonna need your Zaman wallet address. Not Ramen, but Zaman. It's almost like ramen but not spelled exactly the same. So this has an X and two A's. No ease. No ease.
Chip
Yeah, we got 40 today, Jeff. This is good. It's gonna be a good drawing here. So, guys, type in yeti.
Jeff
Can't wait.
Chip
We're gonna do that drawing. Yes, we are. Yes, we're gonna do it. It's gonna be amazing. So before we get out of here, Jeff, we'll do the drawing after this, but this is Ben Carson. This is interesting. They kind of keep my feet, but this is Ben Carson talking about on the View. Talking about why he endorsed Donald Trump back in 2016. This is before Trump even became president. But listen very careful to what he says and think about where we are in 2024.
Rosa Delauro
Why did you endorse Donald Trump?
G
Well, you know, when I dropped out, my first choice went with me. But I said that I was, you know, I was going to remain neutral. But then I realized that, you know, the political establishment was aligning to protect their turf, and they don't like the idea of people who are not beholden to them and who cannot be controlled coming into Washington, D.C. and that was one of the reasons. They didn't like me very much, but I was easier to get rid of than Donald Trump. I always say one of the ways that you measure a person is looking at their children. And how do their children act?
Chip
Well, one's a big game hunter.
Rosa Delauro
I'm not thrilled with that.
G
Well, I mean, that's your privilege. But the fact of the matter is, you know, they have been raised very well. They're very respectful. And, you know, I look at a lot of kids who come from very wealthy families, and I, I am appalled at what I see. So there is no perfect person. But what I think is really the worst thing that threatens our nation right now is a political class, a ruling class. And they are so threatened by anybody who is not beholden to them, they will do virtually anything. The nature of our country is at stake. We are on the precipice. We are determining what kind of nation we're going to be. Are we going to be a nation that's up formed by the people, or up formed by the government? This is a choice that we are making right now.
Chip
Okay.
Jeff
He said that there would be room.
Chip
For you in his cabinet, in his administration.
Jeff
Did he make any promises to you? And is that behind your endorsement?
G
No, not at all. And in fact, you know, we agreed that we want to save this nation, particularly for the next generation, and talk about a variety of ways to do it. I'm continuing to work on mechanisms of presenting ladders of opportunity that will allow the downtrodden in our society to climb out of the state of dependency. Right now, the programs that have been put forth by both Democrats and Republicans for the last few decades are doing nothing but creating more dependency. We've gone from a can do nation to a what can you do for me Nation. It's not a good thing, and it's not helping America, and it's not helping the world.
Chip
There you go. I mean, Carson nailed it, dude. I mean, it's so amazing. Like, this is going back seven years. It's so spot on. They. And he said they will do anything to stop somebody. We saw the indictments. We saw all that. We saw the assassination attempts. Yeah, they're threatened, man. Because guess what? Trump was figuring out what to do in the first term. Got a lot of the wrong people. He brought the A team this time, and they're all former Democrats. You know who's on the doge? You got Bill Ackman. You got Vivek Ramaswamy. You've got. You've got Elon Musk. It's fantastic. All right, let's go for this thing. Let's get this thing queued up. Let me roll it. Let me roll it. We got 44 of these in, guys. That's a lot. We're gonna see who's gonna be winner take all. Let's put it up on the screen and let's do the draw. Are we ready?
Jeff
Get the yetis. Get the yetis. Get the Yetis. Come on. This is the last chance.
Chip
Oh, no.
Jeff
All for the yeti.
Chip
Got 44 in there. Let's do it. Ready? It only. You only have to type it once. If you type it more than once, it'll just register you. Once it's intelligent, it knows. But I'm gonna hit the draw, guys. Let's go. Ready and let's do it.
Jeff
Let's go.
Chip
Let's see who's it gonna be? Who's it. I see everybody cycling through there. Click, click. It's cool. Is it gonna be Twin Force Fusion? Boom. Twin Force Fusion. You are a winner. You have to say, I'm here. If we don't see you say I'm here or you don't have a wallet, we'll have to redraw. So don't anybody leave just yet. Let's make sure and confirm that Twin Forest Fusion is indeed here.
Jeff
Yes.
Chip
As the winner of the badass yet high, the Jatai.
Jeff
Twin Force Fusion.
Chip
Yeah.
Jeff
When Twin Forest Fusion, you gotta let us know that you're here. Say I'm here. And then get your Zombin wallet ready to post so we can grab that. We can transfer this bad boy over to you. So. But you got to be here to win it.
Chip
Legendary. Came up right before he popped a twin. It always thinks you're the winner, and then it does that extra click hesitates. It's like that when they spin the wheel and it goes click, click, click, click. You're like, yay. And then click. Bankruptcy. You know, it's like you're bankrupt. But Twin Force, we got to hear from you. If we don't hear from you, we. If you don't say I'm here, then we are going to have to choose somebody else. We'll have to draw again. We got 44, 43 people that want to win this.
Jeff
That's right.
Chip
Don't go anywhere yet just yet. Joe Buddy says it's fixed. Never showed my name. It shows. If you typed it in, it'll show it. You know, look it rolls through there.
Jeff
But everybody's had a chance to respond. Unfortunately hasn't responded. One more chance. Twin Force Fusion. Twin Forest Fusion.
Chip
So that's it. We didn't hear from Twin Force.
Jeff
Maybe he's trying to get his phone out. But if you, you know. But now we're getting a bunch of bunch more yetis. See it? See what our number. Well, we don't know because we're going to do a draw again. But you guys. Oh, there we go.
Chip
It continues to go. So we had 44. Now we have two more people that have entered.
Jeff
Man, look at that. So now we have.
Chip
Used to be you have to go do it all over again. But then they created the draw again one which is fantastic. So you don't have to type that in. You have 46 people not to go back.
Jeff
No, no whammy.
Chip
Stop. No whammy. No whammy stop.
Jeff
Unfortunately, Twin Force Fusion is not here.
Chip
So guys, let's see who wins. Let's see who does it. Who is going to be the big winner today. Let's go. Sorry about that Twin Forest, but here we go again again. Drawn again. Click, click, click, click, click, click, click, click, click. Jumping through there. Who's it gonna be? Come on now.
Jeff
Oh, oh, oh, oh.
Chip
Kelly Slade, Costa Rica. Kelly, an OG of the show. You are now a proud. Hopefully Kelly is here. Come on, Costa Rica. Kelly, let's go. You gotta be here. I don't think caps matter, but it is all caps. But I don't know if it does matter, but I saw your. I saw you filter through there, Justin, so. And again it's just there's 44 people so you may not see everybody but I did see you come up in that. So let's see. Anyone else getting Z notices? Yeah, they're going to charge fees which.
Jeff
Did you get a notice? I didn't get a notice though.
Chip
I got a pro wallet. Why would I get a notice? I've been, I've been a supporter from day one. The team we. The amount of work they've done and made accessibility. So you got this massive portfolio and you. You want a free wallet? No, man, it doesn't work that way. So I. I think that go ahead and find some garbage wallet out there. You want to use.
Jeff
Kelly.
Chip
Oh, no. Kelly. No.
Jeff
Alex. Alex is crying.
Chip
That's so sad.
Jeff
Oh, no. You don't have to type again. We're just gonna roll it again. Oh, my God. Kelly entered. Kelly entered, but Kelly doesn't have a wallet. Unfortunately.
Chip
Never had to do a third try. But third time's a charm, guys. May the best person win here. Sorry about that, Kelly. Get yourself a zombie wallet.
Jeff
Get the Zomban wallet so you can win next time. That'd be awesome.
Chip
Thanks for letting us know. Here we go.
Jeff
I said go again. Roll again.
Chip
Tick, tick, tick. Who's it gonna be? Who is it gonna be? Come on now. Joe buddy complaining. He doesn't win. Joe buddy wins.
Jeff
Oh, buddy, look at that. It was almost crypto.
Chip
It was almost crypto. Ready? Yeah. She almost. She almost caught it.
Jeff
Are you here, Joe buddy? Are you here, Joe buddy? Twice. Look at that. How cool is that? How amazing is that? AI?
Chip
Yeah. You were so close. You just missed it. And I hate that because it puts it up there for a second. You're like, yeah, click. And I'm like, oh, this is just a tool we use through Streamyard. It's a good tool because. Makes it easy for us to do it. We don't have to count. It's fair. We don't control it. Joe cried, he wins. Yeah, Joe cries. I just click a button here and it's. You can see it's streamyard.com giveaway. There's a little drop down menu and I select the. The.
Jeff
No, no, no, no, no. No way. No way. How is that possible? Come on. How do you not have a Zaman wallet? What the heck? What's going on here?
Chip
You don't have a camera, Jeff. What?
Jeff
Oh, my God. Where'd my camera go? I don't know what happened.
Chip
Round four, guys. We'll be here till. We'll be here with you all day streaming. Tip your bartenders when While you're here, take care of everybody. It's gonna be a long drive. Get your drinks, your popcorn. My gosh, man. I can't believe Kelly and Joe both win and neither one of them has a zombie wall. And that's the prerequisite. We say, like type in yeti if you got a zombie wallet, man. Jeff had to leave. He's gonna come back. Yeah, we're gonna Go ahead and roll again. Sorry about that, guys. I hate to see that, too, man. Zober says, love to you, Eddie. There you go. Beautiful. That's horrible. Like, the Price is Right wheel. That's always. That's what I was thinking about. It goes tick, tick, tick, tick. You think good, and then, man, get something bad. I got to do that on the. What's the one where they spin it? They got to guess the words. I don't know what that's called.
Jeff
Yeah, I don't know, but I can't believe that. Here we go again. Oh, my God.
Chip
All right, let's go again, Jeff, you lost your image. Let's go again. Here we go. Ready? One, two, three. Let's go. Boom. Holy cow. This is number four. Number four, round four. Gosh, what's going on here? Okay, we can't. That. That can't be the winner. When we type in yeti, it registers.
Jeff
So how do we not register ourselves? That's crazy.
Chip
Everybody's fixed. Fixed, fixed. You said type in yeti, and it just grabs the yeti part.
Jeff
So it's only looking for the word yeti. So if you ever type in yeti during this thing, that's how it records it based on that.
Chip
So here we go. Round number five. Let's go.
Jeff
Most draws ever.
Chip
That's wallet. Man, oh, man. Man, oh, man. Let's see. Fred Hoffman. Fred Hoffman.
Jeff
I hope Fred Hoffman's here.
Chip
Fred, please be here. I mean, otherwise we're going around again. If you are here.
Jeff
Fred Hoffman.
Chip
Yeah.
Jeff
Calling Fred Hoffman. Joe Bud wins. And now he's calling it rigged. What?
Chip
Rigged. Fred Hoffman. You got to see. I'm here. Say it quick. I know there's a little bit of here. Okay.
Jeff
Boom.
Chip
We got it.
Jeff
Okay, Fred, hopefully, Fred, you have a.
Chip
Do you have a zombie wallet? Because we need to get the. Your Zomin.
Jeff
We need your Zaman wallet address, my man.
Chip
That's what we need.
Jeff
We're gonna have to invite somebody on from Zaman to say. To say, come on in. We got to show people about the Zaman wallets in here.
Chip
We'll do a segment on the whole zombie wallet. And, you know, it's a fantastic wallet. It's my favorite wallet.
Jeff
XRP address for.
Chip
Since the. Since the inception. Because I just believe in. If you believe in the ecosystem and you believe in what wheat's winds brought to the ecosystem and the amount of work these put in his team, man, you. How do you not do it? It's a fantastic wallet, just like the other. It was Rigged on the chain one from the beginning. It's rigged because. Yeah. Here we go. Round five. All right.
Jeff
Fred is here.
Chip
Fred's here. From the.
Jeff
If you have a Z wallet address.
Chip
Say you have a Z wallet address.
Jeff
Go to a. Another. I'm looking into the thing Justin said.
Chip
He said Yeti. Did say Yeti. He did say I was here. He just. He's speaking in yeti right now. He's like, yeti.
Jeff
Okay, I'm ready. I'm Yeti. I'm here.
Chip
Yes or no? Do you have. Just say I have.
Jeff
Yes, I have the wallet.
Chip
Why?
Jeff
Why type in Yeti. Fred won. Fred Hoffman actually won. So.
Chip
Yeah, but Fred, we need. We need to know if you have the zombie wallet. If you don't have the zombie wall, we got to roll again. So spin it again. So we have to let us know, do you have the Zaman wallet? I do not hear a confirmation of that. I just keep seeing Yeti. We have to know if you have the zombie wallet.
Jeff
He might be behind. The problem is he might be behind us. He might not have caught up to us. Maybe he's listening on the re watch. So that's where we probably have to post it in in the thing to say one. Because if he's not up to this point and he's behind, then he might be listening to a whole different thing where we just said type in Yeti. That's why he's typing Yeti in. So he doesn't realize. So let's post it here. Fred Hoffman one.
Chip
Yeah, but he won't see that comment if he's behind.
Jeff
He should see the comment because the comments real time, I believe.
Chip
No, but not if he's behind the show. He's just gonna see what happened 20 minutes ago.
Jeff
I think you can type in real time during this period of time.
Chip
And.
Jeff
But on the re watch, obviously it's real time, but the chat is real time versus where you're at. Yeah, the chat is always live. Chat's live. And the video is not. So if. If he's watching the chat, but he's. So that's. That's the big part. That's what I'm realizing here. So, Fred, need your Zaman Ramen. Salman wallet.
Chip
Holy cow. I never knew it was difficult to give away something, Jeff. I don't like doing this, but what.
Jeff
Are you gonna do to start a little bit earlier? People love it. Everybody loves it.
Chip
He.
Jeff
Look at that. See, he didn't know he won there. There he goes.
Chip
Yes.
Jeff
He didn't know because He's. He's behind. There you go. Boom. He's about to do it. He didn't even know he won because.
Chip
He'S gonna get the Yetis. Be like, oh, I did win. Check this out. So that's the other thing. We're learning a lot of stuff here, Jeff.
Jeff
He's catching up.
Chip
Justin confirming the fact that it is live. I didn't know that before. I thought it was kind of like, in succession. So it's cool that he saw. He's reading the comments like, Fred Hoffman won. Wait, I won? What did I win? This is amazing. What a. What a crazy.
Jeff
That's a problem. I. I do see things, like, way ahead. That's always the problem. I figure it out too quickly, and then it's. That's my problem.
Chip
That's what you get for trying to communicate with Elliott. Yeah, that's exactly what you get. What are you gonna do, man? What you gonna do? Fred has dial up 90s. Fred still has. He's still redeeming those America Online. He's got the cd. There it is.
Jeff
Okay.
Chip
All right. Nice going, Fred. Well done, Fred. You're gonna. Yeah, Fred's gonna watch it and see that he won. He'll be like, oh, no. I was almost a loser. Because we're like, fred, if you're here, Fred, if you're here, say, I'm here, Yeti. Fred, if you're here, type Yeti. I was like. So he was hearing us. You're right, Jeff. Jeff does have a 200 IQ.
Jeff
Yeah. All right, now I gotta go to reg. Hang on a minute. Now I gotta go to regular YouTube. Oh, now I'm timing out.
Chip
Jeff, what happened to your. Your videos gone. What's going on, man? You got to get on a Mac, dude. We got to get you a Mac. Let's see. Things not working out.
Jeff
No, it's the streamer. Everything's going slow all of a sudden. All right, I gotta go to regular YouTube to try to grab his. Okay, yeah, because I'm showing up. I see it in the chat, but I'm not seeing it over here. Let me get out. Get out of the this. Let me go to regular YouTube.
Chip
I'm gonna play another video which. Which will kind of like. Kind of. Let me see if I have this video. Did I download this video? Let me see. Let's see, man. What is going on? I thought I downloaded it, but let me download it again. Hang on. Here we go.
Jeff
YouTube, take away some of our subscribers. What? We've been on a roll, adding subscribers now YouTube said, Nope, we're taking away your subscribers.
Chip
Yeah, well, the fun while it lasted. Here we go. Let's listen to this video. Watch this thing. Always something funny to play at the end. Kind of go away feeling with a little chuckle here. This is abiding Christmas video. Thought you guys enjoy. Pay close attention to who's on his lap.
Rosa Delauro
Up on Santa's lap, Zielinski sat queer, ready to ask him for billions of more dollars. Enough for the year. Along came Trump, though, cheeks jolly with glee. You aren't getting that money as nothing's for free. Zelensky stammered and stuttered, his eyes wide with rage. But without that money, I'll have to work minimum wage. Trump then looked at Santa and gave a slight smile. Exactly the point, he said. You've been mooching a while. Zelensky then stormed out. Annoying of dismay, he ran to his wife trying to get laid.
Jeff
What the heck?
Chip
Yeah, I don't know. These memes are out of control, man. They're really. They really are out of control. I mean, there's so much weirdness, man. So much goofy weirdness. Gosh.
Jeff
Trying to catch up to the chat. The chat's on. My end is a little sluggish. I don't know what's going on, but I see him post. I saw Fred posted it again, but now it's just slow on. On my YouTube. What happened? Maybe the Internet dropping out, but I can't. It's not coming up on YouTube. What the heck?
Chip
I'm here. Okay. We just. We have your thing. That's cool. We got it, but I don't have it yet. Can you grab it?
Jeff
It's not showing up. It's showing up in the chat now. I'm trying to get it to show up on the YouTube. I don't know. Sometimes YouTube blocks.
Chip
Yeah, we should tell them to scroll to the end because maybe that's. Maybe he's putting it in where he's at.
Jeff
I got it. I got it.
Chip
Okay.
Jeff
Good showing up.
Chip
Fantastic. We're good. We're golden. Beautiful. All right, well, that's it. That's. That's. I think that's all we have.
Jeff
This bad boy. Here we go. Get ready. We're gonna go over here. You're winning a nice bandit, this beautiful bandit, which is really cool. This guy's really cool. And now let's get ready to transfer this bad boy right here. Do it. I don't think we can do it live because I don't know what happens with the QR code, but we're going to hit the transfer, so go ahead and take it out. Unshare for a second.
Chip
There we go.
Jeff
Boom. I'm going to hit transfer. Okay, now let me scroll. Let me scan this bad boy here. Get ready, Fred, because it's. Boom. All right, here we go. Accepting it. Accept it. Boom. Look at that. Transfer has been submitted and it's verifying. And that's it. Done. Submitted successfully. Done. That's how it is. That's real time. Fred's here real time with us now. Boom. That's how quick it was. See that chip?
Chip
That's great.
Jeff
You do that with Ethereum. You do that on OpenC that quick, just like that. Not any cost. And it was like.00 of. Of a drop. That was it.
Chip
Transfer fee. Yeah. All right, there we are. Guys, this is fantastic. I don't know where Jeff is, but that's okay. We'll. We'll get through it.
Jeff
Can you hear me?
Chip
Yeah, I hear you, but I don't see you, but that's okay. Let's go. What I'm gonna do now is I'm going to. We're going to exit here. What if I can find. Where are all the things, man? I can't see. Jeff's gone. What a. What a disaster this is.
Jeff
Okay, Trying to get my camera back, but I can't, so that's all right. I think I disabled it.
Chip
I'm going to. That's it. That's it, guys. We'll see you tomorrow night. Go Bills. Bills are playing the Patriots tomorrow. It might be a little bit late tomorrow, Jeff, because I have to watch the games. It's not televised, which is ridiculous.
Jeff
But anyway, it's not televised.
Chip
I don't know why. 1:00 game. They moved it till. I hate when they do that. They moved it to. To 4 o'clock, but anyway. Well, it's televised, but it's not on my normal TV. And I'm not paying 500 bucks to YouTube. Mid season, when I discovered I could get it on, you know, buy. Buy it through YouTube, it was like 500 and it was already. Half the season was over. I'm like, no, I'm not gonna pay that. Just go watching. Watching my favorite pub down the street.
Jeff
So.
Chip
And there you have it. So, guys, we will be back tomorrow night with more bangers, more awesome news, more craziness, and another badass yeti giveaway. So that's all we have. Jeff, anything before we get out of here?
Jeff
He's catching up to the dial up.
Chip
Yay. Let me do some celebration here for Fred. Ready? Celebrate. Maybe. Get some. Get. Let's do some. Let's do some fireworks, baby. Boom. All right, there we go. Some celebration. There we have it. All right, that's it, guys. We are out of here. Here's a hack. Sign up for FuboTV and cancel it before it charges you. That's a good idea, Justin. That's how he watches his Chiefs away the game.
Jeff
That's how you do it.
Chip
But you do that every time. Fubu. Thank you, Crypto. Eddie, great to see you in here. I thought you wanted clicked around for a second. You know, man, I gotta get props. You know what? This is incredible. I'm gonna have to do that. I love it. Thanks. Yeah, thanks. Justin here's a hack. I like his hacks. Good for you, my man. All right, that's what I'm doing today. FuboTV. Okay. You know, they had the games, that's the thing. I didn't know they carried them, so that's awesome. All right, that is official. We are out of here, guys. We'll see you on the next one. Chip and Jeff. Oh, are you down with otc?
Jeff
Please, like subscribe and click the bell.
Chip
To be notified when the next video drops.
Podcast Summary: On The Chain - Ripple Donates $5M in XRP to Trump – Is a Price Surge Coming?
Release Date: December 21, 2024
In this episode of On The Chain—a podcast dedicated to Blockchain, Digital Assets, and Cryptocurrency news with a particular focus on XRP—hosts Jeff and Chip dive into the latest developments in the crypto space. The primary highlight of the episode revolves around Ripple's significant donation of $5 million in XRP to former President Donald Trump's inauguration. The hosts explore the potential implications of this donation on XRP’s market performance and broader crypto trends.
Jeff kicks off the discussion by announcing Ripple's substantial donation:
"[00:01] Jeff: ...Ripple donated $5 million in XRP to Trump and Vance for the inauguration."
Key Points:
The conversation shifts to Ripple’s introduction of Ripple USD (RLUSD), a stablecoin tailored for businesses. They analyze a video featuring Jack McDonald, Ripple’s head of Stablecoin:
"[04:14] Jack McDonald: ...RLUSD is issued in accordance with The New York State Department of Financial Services stablecoin guidance..."
Key Points:
Chip highlights the importance of Ripple USD:
"[06:05] Chip: There you go. You notice he wasn't using the acronym. He was using Ripple USD."
Jeff and Chip discuss looming changes in crypto tax accounting for 2025:
"[06:21] Chip: ...setting up the new 2025 crypto tax accounting that now requires a wallet by wallet basis accounting and declaration basis accounting. FIFO, LIFO, HV4..."
Key Points:
A video from Ivan Castillo, CEO of Moonpay, is featured:
"[08:01] Ivan: We are partnering with Ripple to launch Ripple USD inside the Moonpay platform..."
Key Points:
Jeff and Chip host a live NFT giveaway, transferring a "Badass Yeti" NFT to the winner. Despite initial technical glitches, they successfully transfer the NFT, demonstrating the efficiency of the XRP Ledger (XRPL) for such transactions:
"[08:57] Jeff: ...Transferred an NFT over the XRPL. Now imagine... it would have taken forever on Ethereum."
Key Points:
The hosts delve into the broader political implications of Ripple’s donation and crypto’s place in the new administration:
"[16:01] Jeff: $5 million. So the inauguration draw... Coinbase, Kraken, Coinbase and Kraken each donated a million... Ripple will also make a 5 million dollar contribution..."
Key Points:
Jeff shares a strong opinion on the potential shift in regulatory landscapes:
"[17:01] Jeff: ...this had to happen... good always victors in the end... people involved within the... want that kind of freedom..."
A critical discussion on the IMF's role in shaping crypto policies, focusing on El Salvador’s recent adjustments:
"[32:25] Jeff: ...El Salvador to scale back bitcoin efforts under a 1.4 billion IMF deal..."
Key Points:
The hosts extend their critique to global institutions like the UN and delve into the importance of decentralization:
"[22:05] Chip: ...the IMF Deputy director Louis Kabudu said..." "[36:36] Chip: ...the IMF is a destructive agency, as is the UN..."
Key Points:
Throughout the episode, Jeff and Chip engage with their audience through live interactions and giveaways, albeit encountering technical issues:
"[72:27] Jeff: Fred Hoffman. You got to see. I saw Fred posted it again..."
Key Points:
As the episode wraps up, hosts reflect on the dynamic intersection of crypto and politics, reaffirming their commitment to providing insightful analysis:
"[86:26] Chip: We will be back tomorrow night with more bangers, more awesome news, more craziness, and another badass yeti giveaway."
Key Takeaways:
Jeff on Ripple’s Donation:
"[00:01] Jeff: ...Ripple donated $5 million in XRP to Trump and Vance for the inauguration."
Jack McDonald on RLUSD:
"[04:14] Jack McDonald: ...RLUSD is issued in accordance with The New York State Department of Financial Services stablecoin guidance..."
Jeff on Tax Accounting Complexity:
"[06:47] Jeff: ...they need to have fifo, which is FIFO would be, you know the theft of our first, first in, first out."
Chip on Moonpay Partnership:
"[11:46] Chip: You go more adoption. Fantastic. Giving people more avenues."
Jeff on IMF and Decentralization:
"[36:36] Jeff: ...the IMF is a destructive agency, as is the UN..."
Rosa Delauro’s Comments:
"[65:10] G: ...they don't like the idea of people who are not beholden to them and who cannot be controlled coming into Washington, D.C..."
This episode of On The Chain offers a comprehensive blend of cryptocurrency news, political analysis, and community engagement. By examining Ripple’s strategic moves and the broader political landscape, Jeff and Chip provide listeners with valuable insights into the evolving dynamics between crypto and global governance. The live interactions and giveaways further enhance the podcast’s appeal, making it a must-listen for both newcomers and veterans in the digital asset space.
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