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On The Chain - Blockchain and Cryptocurrency News + Opinion
Ripple Explodes to $40 Billion Valuation — What It Means for XRP & Crypto!
01:25:12
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- [00:00]
A
Whoa. Welcome to on the Chain. This is Jeff. We are going with lots of content to cover here. A lot of great things to dive into tonight. We're going to dive into this seismic move. And what is that seismic move? Well, Ripple raised $500 million in a, in a massive race and based on that raise, sits at a staggering 40 billion dollar valuation. We're going to break it down. We're going to talk about what this means for Ripple's institutional push ahead. It's native token, as many out there like to talk about it. The Ripple token, as we all know, it's the xrp. There's Ripple the company and there's XRP the digital asset. Let's make it clear and separate between the two. However, with this big push right now and the big raise and the massive valuation for Ripple, this is definitely going to have broader reverberation to the crypto market as a whole. What does it actually mean for the XRP digital asset? Well, stay tuned. We're going to dig in, we're going to talk about that. We're going to dive deep, we're going to jump in head first into the shallow end for, you guessed it, maximum impact. So if you guys are ready to kick this thing off, I'm ready to kick this thing off. So get ready, get ready. Here we go. Let's go. All right, give a quick shout out to where you are tuning in from. Want to know what part of the world you are tuning in from? Where are you from? Where are you, where do you hail from? And while you're at it, why don't we, why don't we do this, why don't we try a little bit of a. And where is it? Oh, there it is. I scrolled right by. There we go. Hit the, hit the thumbs up. Hit the subscribe, hit the notification. If you're not getting notifications, why don't you uncheck notification, recheck notification and you should be getting your notifications. So make sure that you are following us properly so you get notifications every time we do go live. We appreciate every one of you guys out there. Lots happening over at Swell. Chip was there live. If you're following them over there on X, you'll see that he is live on X. So, you know, that's really great to get that opportunity to go in person and mingle with everybody and actually met some key players.
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B
So.
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A
And we'll talk more about that here in a little bit. So let's, let's dive in. I want to dive in, straight in, straight in to the big news. And this big news really when we talk about reverberate, we're, we're talking about across the board from crypto to mainstream. So we get the mainstream adoption. Let's see if we can share our entire screen over here. Let's get, let's get with it here. Let me get rid of some of these pop ups that of course pop up right away. Give me an idea. If you guys are giving. When I share my screen, let me know if you're getting any kind of audio feedback. I'm not sure if the audio feedback comes on my end, if it's somehow pushing back through the system or if the audio feedback ends up on chip side. But you guys will be able to tell me right away if you're getting any kind of audio feedback. And yes, it is rigged. Today we want to get into the fintech, Fintech Ripple ripple gets that 40 billion dollar valuation. All right, so this is interesting chip. If you're listening, sound is good. So when I'm talking and I pull up my screen, somehow when it reverberates and cycles back through, somehow it's going back through on your system or it could just be broken on stream yard. So I wanted to bring this one up. I thought it was really important mainly because it's on a mainstream site, CNBC talking about it, mainstream attention coming to the digital asset space, which is very cool. So right here to get this fundraise comes with a slew of acquisitions. So here's Ripple stacking up the acquisitions. Lots of positive news, lots of big acquisitions. And we'll talk about that here in a little bit also. So they're expanding the product, expanding their focus and then boom. 500 million dollar investment. Big focus and some big name behind that investment as well. Obviously one of the things that we're seeing with Ripple with this focus on institutional custody, we're stein, they got the prime brokerage, crypto, crypto corporate treasury management, which is a big thing right now. And here we go. So, and it's interesting, Monica Long president Ripple told CNBC that the company didn't have to raise any money, but it's seen demand from institutional investors. Big money, big money coming. A lot of things happening that, that's seismic in the industry as a whole right now when all you hear about still is FOMO foot. You got the YouTube fanboys that are trying to become very insular. You're either an XRP guy or you're a bitcoin guy. That enough with the Bitcoin, maxis, we don't need maximalism for xrp. XRP is not going to stand on its own. You need the entire crypto asset space. There's functionality within the various crypto assets within the various companies. You can't just have one. We don't have one car company in the world. You know, we have, I guess we have a number of manufacturers of, of phones, but I guess we're down to two choices, right? You've either got, you've got the, the Chrome through Google and then you have Android and then you've got Apple. You know, maybe, maybe there'll be a, a new sheriff in town at some point, but you can't just have one. We can't just have Android, can't just have Apple. You need, you need competition. Absence of competition, you have nothing. Socialism, communism, they dictate. They're the, the one product issuer. And you get the worst. You have to have somebody pushing you to your max, right? You have to lose somewhere. You have to constantly want to win. Otherwise, what's the point? So the fundraise comes after a slew of acquisitions. And as the company expand its product base, we are, to me, this, this is great. And I put out a post. You know, you've got development, you've got big acquisition, lot of movement in the space. The one thing that's missing is regulatory clarity. Without regulatory clarity, it's going to be extremely challenging to get some leverage to get to where we actually want to get to. So what is the regulatory clarity? Well, you've got the one landmark, stablecoin law, beginning little baby steps here, which was the genius act. So that's a big step. So we get, we're starting to get some legislation, starting to get some regulatory clarity. You put the building blocks, you put the builders, the, the development, the acquisition, the focus on more than just, you know, one small part of the market which creates all the FOMO and fud. You know, we need to have substance, you need to have structure behind this growth and development. And to get structure to get the growth, you have to actually have a company that's producing something, absent a company that's producing something. Something makes it really challenging. But then we've got, you know, Bitcoin. And Bitcoin, you know, is becoming recognized on a global scale as a Treasury asset. So it's something you stash in the Treasury. And we're probably going to see the same thing with some of these other crypto assets. The difference between a crypto asset and a company like Ripple is that Ripple has to build something, they have to develop something and they have to show profitability on their spreadsheet. So, so here we go. Obviously everybody knows Ripple closely linked to xrp. So obviously the, the mainstream media wants to maintain that connection. The funding round was led by fund funds managed, managed, managed by affiliates of Fortress Investment Group, affiliates of Citadel Securities, Pantera Capital, Galaxy Digital, Brevin, Howard and Marshall Wade. A lot of things happening here and there. Obviously a massive decision on the part of Ripple to do that. But with this investment come all the mainstream players and Ripple wants to be, you know, one of, one of those, one of the mix, one of the many of these mainstreams and they want to be a support framework for mainstream, for institution, I should say within the mainstream. So here we go. The decision to accept 500 million in new common equity reflects the strategic value of deepening relationships with financial partners whose expertise complements Ripple's expanding global suite of products. Massive. Obviously a ma, a major record year of growth. All these things stacking up. Just something positive. Now is it positive for xrp? I don't know. I don't know exactly, you know, where we're going to be with xrp. We have a lot of good news. Does that influence all those that are just, you know, forecasting and, and hoping, you know, for, for big gains? You still need to have the substance behind the entire crypto market. You know, there has to be something that keeps driving it. It can't just be, you know, a hope and a prayer. We have to have builders within the space utilizing the technology, utilizing the asset xrp, the xrpl, a big component of it. Which is why, you know, Ethereum maintains such a strategic power hold in the market is because of their, their move with the ERC 20s, their moves with smart contracts. As soon as we start seeing more roll out with flare and we'll see exactly where those guys are going. They've made a lot of big moves over the, over the years. And where is Ripple going to go? Where, you know, what is the next big player that's going to be utilizing the xrpl? And exactly where does that bring us? How does it get us there? A lot of, you know, big things getting ready to happen, plus we're starting to see more parallel in the growth of the market with more discussion from, from government, from the players that can actually write the law. The, the players that are going to provide the bridge, the path, the regulatory clarity, they're going to write the rules of the road and then within the rules of the road. Now we know where to drive, but we have building blocks to do. We have to build the road. Once we have the road and infrastructure built, there has to be certain rules of how we operate on that road. It can't be anarchy, it can't be chaos. Something that we're going to see coming to New York City pretty soon. New York City is about to experience anarchy and chaos like they've never witnessed in the history of that city ever before. And we'll probably have a recall on a, on a mayor in the near future, maybe, maybe last part of the term. I can't imagine that mayor lasting full term, or he just doesn't do everything that he says he's going to do. But what's amazing and the greatest part about it is going to be the fleecing of New York City, the brain drain and the money drain that's going to hit New York City like they've never witnessed in the history of this country, ever. There's such a massive money flow that's about to come to New York, to Florida, that's about to come to potentially parts of Georgia, that's going to come to Tennessee and others. And all of this stuff is going to be tied together, you know, because what we're starting to see is a separation. And we want to start seeing a separation of the, of the stranglehold on power. And, and at the same time, there's, now there's a battle for that power position. As we're starting to see a separation, all the bad players are coming, are coming to the surface. Those that want to implement socialism and communism and they want to take full control over everything that you do, and they want to then use the technology against you. They don't want you to have decentralized access to your own content, your own data, to your own anything, you know, person to your own person. And so they want to take away that freedom. And so, you know, outside of that, let's, let's focus back on Ripple. We'll talk about the geopolitics in a little bit and we'll tie it all back together. But here Ripple is locked to. Is has looked to position itself as a fintech firm bringing crypto and digital asset tech to institutional clients. Big play. It's not about retail, it's about the big institutions. Big institutions, they play in the retail space, support the institutions, create the building blocks that the institutions move their money, move all their asset on, and you control the game. When ripple launched in 2012, the company initially focused on using blockchain tech to facilitate cross border payment. And the cross border payment was bank to bank institution, institution. So they haven't really moved too far away from moving to, from playing with their institutional clients still focused there. The token XRP was used to move fiat currency quickly. I, I love how they kind of get into this because this is a mainstream article or mainstream news article going to, going to people who need to digest this kind of information. Since then, Ripple has bolstered its payment business and expanded into new areas through aggressive acquisitions. In just over two years it, it's really amazing. So I don't know how what's this since then, since 2012 they've done all this but in just over two years Ripple said it's, it has completed six acquisitions. I mean it's amazing, right? You think about where we're at, right? 13 years on all this movement, couple years of lawsuit that really was staggering and was going to crush the crypto market. In just the past two years Ripple has had six massive acquisitions and a couple of them have just recently happened back to, back to back which is exciting for them, you know, for Ripple. But what does that mean for the industry? That means that the blockchain crypto industry as a whole is beginning to consolidate and we're starting to see a consolidation with Ripple as they buy players but we're going to start seeing that, you know, more and more, it's going to become more frequent. We're going to see some of the non efficient players disappear. They're going away, we don't necessarily need them. So and they, many have Talked about that 98% of all the players are going to disappear and the cream is going to rise to the top. The exact same thing happened during the dot com era and obviously there's a everything's dot com now but there were big power players at the time and, and we see those that ended up, you know, kind of navigating through all, all the noise but then from that a lot of things developed in and around the space. So we're just starting to see the power moves and we're going to see all the infrastructure play that has to go along with this movement of blockchain, of crypto, asset of tokenization, tokenization of real world asset, tokenization of securities, etc. Etc. There's all these other players that have to come into being in order to support all of this. That's infrastructure and there's companies that will start building and there'll be some that will do it better and that's the best part. There's going to be a company that does something better that than Ripple. And Ripple will look at them and say oh my God, look at this amazing technology these guys created, acquired by that company. Right. And, and we see that already within tech. So here beyond payments, Ripple has pushed into other lines of business including custody of crypto asset prime brokerage, Corporate treasury management. Corporate treasury management. Big play because a lot of the corporate players looking to see what micro strategy did bolster the bottom line, have a solid treasury that continues to, to increase in value. You put dollars and just fiat into a Treasury and it's continuously devaluing year after year after year, your dollar is worth less. And so you need to somehow find a solution to maintain a significant solid bottom line of value within the Treasury. Governments and companies are beginning to see that which is really outstanding. There's Chip. Chip made it. Chip has made it to the event. Let's welcome Chip in because he is. I'm gonna put it in the chip if you can access the keep. Let's, let's see what just happened. Look at that. I'm looking at some of the stuff. And so we're gonna bring Chip in and he's gonna come in live. Let me, let me work on this right now. Let me try to figure this out on the fly so we can get Chip in here to give us some on site real time perspective into what is going on out out there. Let's invite Chip. Do you have access to the keep? If you don't have access to the keep, I will put in the keep in. I'll access it from my phone and then I will send you this link directly from my phone. The, the link is in the keep. Let me see here. Chip. I'm going to figure out how to get that link to you momentarily. Moment ter le. Hang on a second. There it is. Here we go. Hang on. Got to do this on the fly. Got to do things so we can get this going. Hang on a second. Let me pump this into signal. There you go. Look at that. How great is that? I just pushed it into signal. Weird how swell takes place and prices. I don't know that the price drop actually had anything to do to do with swell. But what's interesting is that the whole market kind of tanked. If you were watching paler, Paler. Hit like 206, $207. I think it hit 209. We'd have to pull up the number. Yesterday it took a $20 slide in reverse. So it went from 209 back down to 189. Then it hovered up into the around 1,190ish. But if we look at Palantir right now, Palantir was such a big mover in the market right now it's sitting at 187, closed at 187. Was down 2.8% today. And it was crazy. So it's the high. Yeah, it was 209.78. And that was Monday. So Monday hits 209. Yesterday starts its drop, drops down pretty quickly, and then today it's low. It hit a bottom of 185. Wait, 185, 183. Chip, I already sent you the link. It's in your signal. Go check out your signal and you'll find the link in your signal because that's where it is. It's in the signal, but you got to check the signal in order to see the signal. I can put in the chat, but it. It's much easier to just put into signal because then he can get it. And there he is. He's coming in loud and clear. Let me see if I can bring him in. Hang on.
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B
Okay, so I can't hear you.
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A
An on site interview. Bring some people in. Let's see some people. There we go. Give us the tour. Really really dark. Give us a tour of the place.
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B
Yeah, we're at the. The Ripple community event right after. Swell. It's so loud in here, man, so it's hard to hear. I'm gonna try to go to a place that's a little bit quieter.
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A
All right. Is there anybody there that we could recognize that wants to come on?
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B
Well, Rob Licker was here, obviously. No, Rob, from the chat we have. It's a little bit better here. I can hear a little bit better. I mean, a lot of people that I don't know necessarily, but it came up and said hi.
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A
Yep.
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B
So people to watch the show. So you can see it's quite busy here, man. It's a much bigger event than I thought it was gonna be.
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A
Yeah.
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B
So. But this is everybody, man. They got food, they got drink, you know, all kinds of stuff. Stuff, man.
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A
Oh, sweet.
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B
All kinds of people say, there he is right there. We're live streaming right now. Say hello to the on the Chain family. Yeah, there it is right there, baby. Swag, buddy.
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A
Swag.
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B
On the chain, baby. Say hello. Hello.
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Man. Everyone's partying, loving life.
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B
Yeah. So there you go, man. Lots of cool people. That was just. I don't know if you could. If you could see, but that was a. She's burlo.
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A
Yeah.
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B
And he's coming on the podcast, man. He's coming on the podcast.
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A
Sweet.
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B
So that's awesome. Here's another bar, by the way. Dude, I'm drinking Jameson. That's all they have.
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A
So far. Reception sucks to go the other way.
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B
Jameson, baby. Jameson.
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A
Look at.
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B
Wait. James Rule. Xrp.
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A
Wait, this is.
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B
We're streaming live.
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A
James Rule. What's up? Look at that jacket.
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B
Look at that, dude. Look at that.
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A
Look at that jacket.
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B
Turn around, dude.
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A
Turn around.
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B
Let's see you. Love to see you. Look at this. Xrp, baby. To the moon. To the moon. From New York, baby. How's everybody? Look at that, huh? Yeah, Right?
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A
What's going on? Yeah, you. I told you so. I told you so.
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B
Hello.
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A
Man, I can't get over that fancy jacket. Let me get a jacket like that.
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B
What's up?
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A
Where do you get a jacket like that? Hello. What up? What up, Jeff? What's up? What's going on? Say. Coming to you live and direct from the XRP community party. Right from the XRP. 589.
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B
589. Oh, yeah. It's a. It's a good party, man. You can see they got some cool signage over here. See that right there? Say hello to Zach Rector. The man, the myth, the legend, right there. Queen is here. Say hi to Molly.
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A
All right. What's up, Molly?
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B
I'm not gonna dox him, so I won't tell you who this is unless you want to say. No, I'm good, man. I'm not gonna say.
- [24:04]
A
I'm not.
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B
I'm not gonna dox. Molly is the. Already doc, so. It's okay. It's all good. It's all good. And this guy is so tall, man. He's taller than me. He's like, six, four.
- [24:16]
A
Is that possible?
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B
You gotta lift it up, man. The crypto queen. I don't know where Daniel is. He's around here somewhere. Daniel. Daniel from Gauzy. From down Under.
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A
Where is he?
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B
I don't know where he is. He's around here somewhere, but. All right, somewhere, somehow. Who knows? Who knows, really? But, yeah, it's quite the night.
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A
I want to know, is Alex Cobb there?
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B
No, Alex. Alex Cobb isn't here. Right? Alex Cobb? No, no one's seen Alex Cobb. No, he's missed. Yeah, I think he's in Japan is what we're hearing.
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A
Got it.
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B
Yeah, Schwartz was here. By the way, I sent you the video that he just made. The Announcement. So I don't know if you wanna. If you. If you can grab that. I sent it to you on signal. So if you wanna. If you wanna. What's that?
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A
Joe Bud said? Is that chip? We're streaming live right now. Live right now on the air, baby. Getting a live tour.
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B
I have to. I have to be next to it. Otherwise I can't quite hear.
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A
It here.
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B
Yeah, it's an eclectic crowd.
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A
Nice. The XRP community crowd.
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B
Yeah, it's pretty cool, man. A lot of people here also say hello. Streaming live stream alive, man. I'll tell you what, it's so loud here, it's hard to hear.
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A
You can tell it's a lot.
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B
I got. I got a swag bag.
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A
So Joe Bud wants to know what's in the swag bag.
- [25:59]
B
You know, I haven't looked in there yet, to be honest with you. I think there's a shirt and maybe a hat. I got an Ever North. I'm gonna get an Ever north shirt for you though. Jeff, what size are you? Medium. I'm gonna get a shirt for you.
- [26:18]
A
Oh, yeah, give me. Get me a medium.
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B
Okay, let me buy. Let me see if I get over there and grab you one.
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A
See that? You don't have to go to swell. Let me see one person as well. And everybody else.
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B
There you go. This is the Ever north team right here. Can we get a medium? A medium shirt?
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A
Medium shirt. Medium. Can we get a medium?
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B
There it is. Ever north, baby. Ever North.
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A
Thank you. Appreciate it. Look at that.
- [26:57]
B
Guys, let me get out of here so I can hear you guys again.
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A
You got to pick one up for everybody.
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B
I don't think I got enough room to get it back to that place. That's a lot to ask.
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A
Put them in this way.
- [27:15]
B
That's a lot to ask. These Ever north dirt shirts are nice. They're nice and thick.
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A
Nice.
- [27:20]
B
Nice and thick, baby. So, yeah, it's. It's quite the party here, man. So, yeah, so I wanted to make announcement here at the end of the. At the end of the session today. Brad Garland House announced that the XRP swell event will be open to the XRP community next year. So I expect a lot of OTC family to be there. There's not going to be any restrictions anymore.
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A
Love an. On the chain. We have an OTC table. We'll have a badassery table. That's what we're going to have. Yeah, we.
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B
We should have a table to have all the coffee. You know what I mean? That would be awesome, man.
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A
Table of coffee. Visual Vendetta. Said if I was there at Swell, I'd be so drunk right now. It seems like most people are.
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B
I've already had a few Jameson, Jeff. I'm gonna be honest. I've had a few Jameson, but that's all they have, man. That's all they have.
- [28:17]
A
That's good. Yeah. I mean, everyone's having a great time.
- [28:20]
B
Say hi. Screening live at the XRP Community Party.
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A
Say hello. Say hello.
- [28:30]
B
Say hello. Streaming live. David Schwartz on the chain. Say hello.
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A
There he is. The man, the myth, the legend.
- [28:39]
B
Parts of the legend. Right there. There you go. There you go, baby.
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A
Hey, yeah. Ask David when he's gonna flip the switch.
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B
He's in the elevator. He's out.
- [28:54]
A
He's gone.
- [28:55]
B
He's out. He's in the elevator. He's getting mobbed. He has to get out of here. Yeah, but that was a rare treat to see David walk by. Brad was in here for about four seconds, but he got popped, so he had to leave. He got out of that elevator quick. He was getting mocked left and right.
- [29:13]
A
So did. It's all good, man. What's in that photo booth? Photo?
- [29:21]
C
I don't know.
- [29:22]
A
Oh, it's an actual photo booth.
- [29:26]
B
People. People are in there. I just. Yeah, people are there. Streaming live. They were giving out pretzels outside, which was really cool. They had a. They have a XRP community pretzel place, which is wild, man. Dude, Say hi. Streaming live, baby.
- [29:45]
A
I asked.
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B
I asked him for the sidekick. Where's Jeff?
- [29:49]
A
I'm right here.
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B
Hello, guys. Streaming live.
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A
Streaming live.
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D
Oh.
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B
Of course. It's a. It's a zoo here, babies. A zoo. I tell you. I gotta go to someplace where it's quiet again. It's hard to hear.
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A
That's awesome.
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B
Yeah, it was a. It was a good time. What's that?
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A
So tell us, what are some of the highlights?
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B
Wait, let me get to a quiet place, so I can't quite hear you.
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A
Streaming live from swell. XRP Community Party. Chip bringing us in live and. And personal. I can hear you now.
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B
What? Say that. What are we saying?
- [31:02]
A
What are some of the highlights? Some of the highlights of the party. Some of the highlights of the swell.
- [31:07]
B
I think the highlights of the swell were. That's. That's a lot to sum up, I think that the whole idea of the 40 billion valuation, weird, because it started off today. No one saw the announcement, and Garlinghouse got up there and announced, oh, yeah, he dropped it. Like, by the way, I know this is kind of outside of what we're talking about.
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A
Streaming live. Join us.
- [31:33]
B
How you doing? Good to see Elisa being here. And Bell Carmine's here as well. The whole crew's here.
- [31:43]
A
They're all.
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B
They're all here. But no, I think. I don't know. My mind's a little twisted right now, but I would just say, like, there's a lot of good stuff going on. The best session by far was Arrington. When Arrington got up there, I wanted that session to go out for three hours. It was like, if you pull up my tweets, he was just. It was fun. We'll probably pull a clip for the next show. But he was dropping that bomb and having fun. One of the first questions he asked was, how what kind of boss is Brad Garlinghouse? Place erupted. They're like, hey, man, I still work for him. David's like, you know, I still work here. You know, David said, my second. He goes, my. I'll be honest with you. Garlinghouse is my second favorite. He goes, who's your first favorite? He said, chris Larson. And yeah, it was pretty funny. Pretty good, man. Rob Lichtner was here, but he left. He was heading back because he's got a longer journey. But it was cool hanging out with Rob, you know, different people. You remember Ivan, right? Ivan.
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A
Oh, yeah, yeah. Cheers.
- [32:55]
B
By the way, I bought one of Ivan's cool silver. What do you call those things?
- [32:59]
A
XRP silver coin. 2024 drive.
- [33:01]
B
I'm gonna show you guys on the next podcast. This thing is awesome, dude. You guys gotta get one xrp. It's amazing. It's amazing. You have to get. You have to grab one. Do you have any left?
- [33:11]
A
I have one more.
- [33:12]
B
Yeah, that's it. And you're out. That's it. I got one of the last ones that I'm happy about it.
- [33:17]
A
Oh, no. One more here.
- [33:20]
B
Okay, well, I'll. I'll promote on the next show, but it's very, very cool. It's one troy ounce, but it's. What's on it is even cooler. And also nft, right?
- [33:32]
A
Yeah. It'll be a digital representation with your serial number. So.
- [33:35]
D
Yeah.
- [33:36]
A
Oh, man.
- [33:37]
B
So many details into it. I'm. I'm totally.
- [33:39]
A
John, maybe we can.
- [33:40]
B
I can jump in. Hey, we'll bring on the show, man. Come on and chat about it. We'll talk about it, but it's really. It's cool as hell. Did I just say that? I think I did.
- [33:49]
A
What a great idea. He's doing NFT with a serial number of the coin. I love a great Idea. Nft with the serial number of the coin.
- [33:57]
B
It's got a serial number on it. It's got one side, it's got Lady Justice. On the other side, it's got the cool xrp. It's really well designed. You know, if you ever buy silver coins, this is the coolest one you'll ever have in your collection. Bar none, the best one from Handstown. Good.
- [34:18]
A
Thank you, guys.
- [34:20]
B
Appreciate it. Let's celebrate.
- [34:22]
D
100 million ledger.
- [34:25]
B
By the way, that video I sent you with David Schwartz coming out and saying today was a momentous day at XRP history. 100 million XRP ledgers.
- [34:35]
A
There we go.
- [34:36]
B
I sent you the video, Jeff. I don't know if you can access it off a signal or not. I don't know how you said it, but I. I did send it to you.
- [34:44]
A
Hey, how about Monica Long? Was she there?
- [34:47]
B
That's another interesting story. I don't think she likes my line of questioning. I'll be honest with you. I did have. I did have a small chat with her and I'll probably talk about it. I'll talk about it on the next show. But I met her on the opening night, which was really cool. She's very super, super friendly, super accessible. But maybe my interviewing skills got a little bit ahead of me. I'll be. I think I got a little. I think I got a little ahead of myself, so. But that's what we do, man. We interview people, Jeff. I mean, that's what we gotta ask questions, you know? Yeah, but she was very, very cool. I saw Brad for a little bit. He was kind of like running between things. I saw David Schwartz running around a lot.
- [35:30]
A
The most.
- [35:30]
B
The person I spoke the most with was the sheesh.
- [35:32]
A
Burla was really cool. Can't wait to have him on the show. That's gonna be awesome. Awesome.
- [35:36]
D
Yeah.
- [35:37]
B
And he knows our content. He was super excited. He's like, hey, Chip, what's up? How you doing? I was good. Then I. I met a couple other ripplers, which was really cool. So all in all, next year it's open to anybody. So I expect more of on the Chain family to be there and we can meet more of you in person. It's going to be in New York too, so that's going to be another cool thing.
- [35:56]
A
So. But you'll be in Miami.
- [35:59]
B
It's all good, man.
- [36:00]
A
Miami.
- [36:01]
B
I'll be in Aruba.
- [36:05]
A
Needs to be in Miami.
- [36:07]
B
Aruba. No, it's going to be in New York. Every year now, I think they're keeping it in New York from here on end, and it's open to everybody, so that'll be cool. But anyway, that's me blasting off.
- [36:19]
A
I'm gonna.
- [36:19]
B
I'm gonna go, so probably gonna head back to. I've heard, headed up about three days of this. I got an early flight. I don't know why I did that, but I booked a early flight. So I got to get up super early tomorrow, head off to LaGuardia.
- [36:32]
A
Flight out of LaGuardia. Yeah. So.
- [36:34]
B
But anyway, I'll see you guys on Saturday. Ready Saturday, Chip. There you go. See you guys. See you.
- [36:48]
A
Bye. Yeah, fun. Travel safe. All right. How cool was that? How cool cool is that? Bring Chip in. Everyone gets to see a little bit of what's going on over there at the swell. 20, 25. That was pretty exciting. I was. You know, it's cool to see so many different people, everyone giving a quick shout out. Seems like everyone's, you know, partying, having a lot of fun. Real, real awesome. So we got a lot of other cool things that we definitely want to cover up. I was looking up here, and there's only one entry, one entry for this beautiful badass yeti that we're about to give away. So this badass yeti. Let me. Let me put it up. Got a lot of things we want to talk about. I'm going to play a quick song. We're going to say who today's show is brought to us by. But first and foremost, we got to pull this guy up because I think if you see it, you're going to want to make sure that this drawing is rigged to get this little guy. This is another badass yeti. This is an ash Yeti. And if you look at how cool these guys look because they're so cute, they're so cuddly, but they're the exact opposite. This is badass yeti number 422 from the white tribe. And like I said, he is one of the ash Yetis. So look at that guy right there. Now, what is the word of the day? Word of the day is rigged, because of course it's rigged. Why, why else? Why not? So the. The word of the day, it's 100 rigged. So let's. Let's get into it. I think you guys are going to enjoy the quick song and then we're gonna get more into it. We got a bunch of other things that we got to get it. We got to talk about. So here we go.
- [38:36]
B
From the heart of chaos.
- [38:39]
A
They rose.
- [38:42]
B
The as yetus. From the White Tribe Born from lava, raised for destruction, rigged for fire.
- [39:01]
D
They don't run, they stand their ground.
- [39:07]
B
Potent.
- [39:07]
D
Souls forged in the furnace of fury Cuteness as they camouflage Violence is their core Their fur sizzles with heat of passion Their stare cuts through your heart they are the storm, they are your.
- [39:23]
B
Fear from ashes to rage they rise again that's not thunder, that's badassery burning.
- [39:33]
D
Under they don't fight fair, they fight final Every claw primal, every step vital Cuteness kills that's the title Badass Jedis on the chain Built for battle, made for legend Claim yours or be forgotten Badass on the chain.
- [40:18]
A
There you have it. Badassery. Okay, we got five in there. Rigged is the word of the day. Number 422. Looks a little bit like Chuck. Is that Chucky? Chuck? Could be Chuck. Let's make him Chuck. They're unlike the silver. There is no serial number. But I guess there is a serial number because that would be the block that this guy is tied to. And there is a block. There is a token id, actually. So if you wanted to find out, and you say, hey, where. Where are these guys? How. How do we know? Does it actually have a serial number? And in fact, if you look at it, there's actually. Tells you who the issuer is, tells you who owned it, tells you what the token ID is, tells you that the standard is the XLS20. And that's. And that's very cool. So it's tied. This is the future right there. Those NFTs. That's the future of the blockchain right there. Badassery. Not necessarily the future of the blockchain, but the overall objective here. So, all right, where did we leave off? We were talking about some of the keys behind this movement with Ripple. Obviously, tons of excitement going on right now in New York over everything that's happening. I want to pull this up. I think this is a couple really important things to go on. We're even going to look at one of the other acquisitions that were recently made by Ripple. Now this one is really important, too. I. I like how Brad Garlinghouse says this. Now this was posted. Let me just add this to the stage right here. So this came out on Binance Square. Brad Garland House makes it clear XRP isn't about who holds it. What is it about? All right, so Brad Garland how said. There's a fundamental difference between speculation and infrastructure, a distinction that underscores the evolving role of crypto assets in the real world. So here we people Say things like xrp as a CEO, I'm like, who is it? Garland House asked during remarks reported founder of Black Swan Capitalist. He continued, ripple has a CEO. That's me, right? There are scores, if not hundreds of other CEOs building around the XRP ecosystem. The message is clear. While Ripple uses xrp, XRP and its product stacked, it does not own or govern it in isolation. And that's important. So I like how Black Swan Capitalist says Brad Garlinghouse gets it. XRP isn't about who holds it, it's about what it connects. In the digital financial system, value will reflect the magnitude of global value. It moves. That's the difference between speculation and infrastructure. And we're talking a little bit about that earlier as well, because it is the difference, right? If you have speculation, speculation only gets you so far. If you can build the infrastructure and continuously build out the infrastructure, that becomes the consistent nature of the financial ecosystem. And that's kind of where we have to get to. So you can't put the cart kind of before the horse. You can't say, all of a sudden XRP is just going to take over, which most likely it's not. However, the crypto asset infrastructure as a whole at large, the XRPL being a massive, major component of the future of our financial ecosystem. And so it is super, super meaningful. You have somebody like a Brad Garlinghouse that clearly gets the direction that things are moving and clearly fought hard, you know, for exactly where we're going. And you think about what he put himself through with the major lawsuit with the sec was definitely, you know, a big deal to be front and center throughout the, the entire process. So. All right, now here's just one thing after another. Here's. Here's another one that, you know, we have to put up, we have to review real quick because it was another big acquisition and it happened recently and it was announced just recently. So all this stuff happening while they're at swell, which is, which is really cool too. So Palisade Inc. Acquired by Ripple now, what is Palisade? Our wallet as a service platform. So wallet is a service similar to like SaaS software as a service, Wallet as a service will help power Ripple's next gen custody and payments infrastructure bring in our tech to businesses worldwide. Same team now at enterprise scale. This is just the beginning. Big move again. You know, how do you, how do you hold your asset? Who's going to hold it? Is a big corporation going to use a coinbase or an upholder? You know, how do they Custody, where does it go? How does it move? How, how does this all get orchestrated? And there you go, Palisade, you know, big move by Ripple again, putting the building blocks to where they need to go to, to continuously make. Let's make crypto great again. Let's go back, let's go back to that. We want to see some, some massive, monumental prediction here in terms of how does, how do. The big thing is that we have a financial asset class, which is cryptocurrency, but more than that is that you have the entire underlying structure of the blockchain that does a number of different things, obviously moves things efficiently, creates a 247 global infrastructure to allow any of us, anybody on here right now, to do business and transaction with one another instantaneously. But it can do it with, with, with trust. It can help establish the. We want to establish the trust lines. We want to make sure that, that, that everything is done inexpensively. Uh, the, the big part, obviously speed is, is big, but you look at each one of these and you say, what is the order, what's the sequence? Or what is my preferred order of events? Do I want trust above, you know, above speed, above efficiency, above cost? I think all of those kind of go hand in hand. Because if I'm going to do a business transaction as an institution, institution and institution, there's already a level of trust. But I want to make sure that my transaction establishes that trust line as well. Now, from a consumer perspective or a B2B perspective, I could be moving a thousand dollars or a million dollars. I still want to know that I have a trust line. I also want to know that there's a way to facilitate split payment solutions. I want to know that there's a way to set up staggered payment solutions. I want to know that there's a, another alternative. You know, instead of having to escrow money, if I'm doing a transaction, I want to know that there's a trust line established without a third party, with all the fat of the employees that have to, and the human error that have to orchestrate an escrow and the transaction and the closing of, of a, of a business cycle, financially speaking. Right. I want to close the loop on it. There's so many components to it and Ripple, Ripple has gotten it from the beginning in. If we go back, think about the Bitcoin Maxis, they kept talking about replacing the banking infrastructure. Then they pointed to Ripple or the XRP crowd is the, the bankers coin and how bad that is, right? It's going to be used by banks. And I embraced it. I said, you know what? That's exactly what's going to happen, right? That it will get to a point where a lot of the brick and mortar banks will probably shrink in size because we're not going to need it. If you look at like a capital one, they don't have branches yet. You can use their banking system fairly efficiently. They open up these coffee shop branches so they're not on every corner. Maybe they're not as accessible as, let's say Chase or a Wells Fargo or Bank of America or anything like that. You know, there's all these different components to it, but we want to even take that part away. I want to, we want to make, we want to simplify the process and within the movement of money. I want to know that Jim D. And I, you know, we need to, you get, you have to send money. And all of a sudden, you know, it's just say, hey, let me pick up my phone. Just like we do with the NFTs, somebody wins, hey, let me get your wallet address. And then boom. You know, it's a complex address and a complex process to make it happen. But even so send it over. You know, send me your wallet address and I'm going to plug it in. I mean, you can do that with Zelle now, but I can't do that cross border. So all of these things kind of intermingle with one another. But I look, you know, even beyond that, I want to look. And we talk about it all the time from a real estate perspective, from a tokenization, the real world asset. The tokenization of real world asset is, is such a, a, an amazing direction to be able to go in, to be able to own fractional shares of commercial property, which there's sites. You can do that now. But I want to know that here's my ownership. It's recorded on this blockchain. And Jim D Now wants to, wants, you know, we enter into a, into an agreement and he now, you know, is going to buy that fractional ownership and I can, you know, sell it to Jim and just transfer it, you know, within minutes and say, here you go, everything is secure. The, the, the smart contract is in place. Here's the money, here's the transaction. It's now recorded. And all the other things that have to go along with that acquisition are recorded in, in real time, you know, across the board. And that just kind of a snapshot. And that's the direction that we have to get to because we want 24. 7 access to everything. And like Zober is saying, interoperability is the key. With blockchain for data. Right? That's it. We want, you have to have interoperability. Without interoperability, then what's the point? Because we know that there's going to be these, you know, silos that are going to be built. We already see it, we see it happening, we see all these crypto assets that are coming into play. But we need to be able to move Bitcoin. Bitcoin has a flaw. The flaw with Bitcoin is that it's not efficient to move. It's great to store, it's been identified as a great store value, but it's not efficient to move. The XRPL streamlines that process to where now you can now move Bitcoin inexpensively and you can do it very quickly and you can now we also want to be able to interact with all these different assets. If I, if I have a passion for an iPhone, which I don't, I prefer Android chip before prefers iPhone. But we can both use signal, we can both use WhatsApp. That's interoperability at a simplistic level. We can have the platforms that we prefer to use and yet we can still communicate with one another with efficiency. And you know, that's what it's all about. It has to happen at a financial level. Right. And, and that's another point. Eth. Right. It's going to speed up with Visa, I think, you know, from an individual and I've said this for so long and you, I don't know what you guys think about this, but I look at like from a retail perspective, the retail side of it, the most important is the business, right? In a B2C transaction, the business that is, that is accepting the credit card. And at this point, you know, people are passing along These high fees, 2 and a half, 3, 3 and a half, 4% to process a purchase on a credit card. Right? The credit card company is charging the business to use that credit card. From a consumer perspective, I don't want to change, I want to keep using my credit card. If I want to use a debit card, I'll use a debit card. If I want to use a credit card, I'll use a credit card. I don't want to be forced into having to use my, a debit card. You know, you, maybe you want that 30 day window. Maybe you, it's, it's really more from a safety security net perspective. As long as you're paying your credit card off every single month you're using your existing cash flow. But the security that you obtain by using the credit card, there's all these different features that are built in around it. And that's the trust line. Now if you can overcome that hurdle and that would mean then there could be a potential clawback. So with the, you know, outside of there being an actual clawback in this process, you still want to be able to use a credit card because if there's a breakdown in trust with the selling entity and the buying entity, there has to be a simplified way of returning the funds. And so that's where the credit card third party enters into the, into the scene to really help navigate all of these different things. And that's why I kept saying it's like the business isn't on the retail side right now. It's not business to consumer. Can I buy with my, with my xrp? The bigger part of the infrastructure is everything that ripple's working on from an enterprise level, from a corporate level, from a financial institution, then that comes down. The big institutions get involved, then that trickles down to the businesses, to the visas of the world, right? All the big institutions, let's make them streamline how they're moving and transacting and settling transactions. Think about a stock purchase. If it takes two to three days to settle a sale of a stock purchase, but yet you have ready access to your funds, but not every exchange will allow you ready access to all your funds, maybe partial funds depending on your credit margin. There's all these different, you know, considerations there. But what if that settlement of that stock sale was instantaneous and the funds were immediately, not just on paper, but let's say 100, the funds were now settled. Now there's no other intermediary where you have to wait for a two to three day settlement window. All of the, the sale of the stock, the paper, the sign off, all that stuff is happening behind the scenes in the blockchain. And, and I think, I think we're like almost there. Which is, which is really, really cool. I mean it, it, it's, it's so close, we're just so close to, to seeing this. And I, you know, so I don't know, that's kind of my take on, I keep, you know, thinking through, you know, how to, how this impacts everybody in a day to day life. We can speculate. That part's fun too, you know, but, but we're really getting there. So I want to pull this up. I think this is interesting because I kind of mentioned it a little bit. And I know that everybody talks about this all the time, but this is crypto Eddie, you know, and she was. And she post this because this stuff is still happening and it's mindboggling that this is happening. But in many countries around the world, from Asia to Europe. Unfortunately, the name Ripple or the Triskelion is still used to describe xrp. The report from Keiko Data I posted founded by the same founder as the Ledger Wallet from France still calls it Ripple Ripple xrp. Changing this misbranding with outreach would be a good thing. However minor the new XRPLF could work on it would be. It would be a great thing, right? The XRP foundation, the Ledger Foundation. Why you would think that that would be something that they would want to do an outreach and say, hey, you know what? That, that xrp, that logo is the Ripple logo, not the XRP logo. You know, we gotta, you know, get beyond this. We can't keep, you know, calling Ripple XRP as, as the same thing, which is, which is kind of crazy. So Ray, the most idea of using YETI cards. I like the idea too. I think it'll be great. Be great. We'll get the YETI card, the yeti's card, the badass yeti's card. I hate those credit cards where you have to pay the money back. Right? That's, that's always the problem. Jim D. I'm kind of surprised. Not crypto schema yet has a warranty trust so that a third party can claw back funds for legitimate warranty claims against the transaction. Right. So something has to happen within that third party and it's probably going to be like a, you know, a VISA entity or it has to be a big entity that's going to help facilitate something like that. But then you're not, you're not completely fulfilling. You have two, two parties utilizing a similar transactional method. Right? Because if the business accepts a credit card, you're using the credit card. We're using a third party that provides that safety net that says to the business, if you don't fulfill, I'm going to come back into your account based on our contract and I can pull those funds back out. And they'll pull those funds and they'll hold them in an escrow. The third party holds the funds. They don't automatically just transfer them back. So that's. Where do you need, you need that third party. Can that be done? You know, let's say it was a, I don't know, ABC crypto Escrow, third party, like a visa that you know it can you put it, your it in and through AI somehow it navigates. But that's kind of scary too if you now have to deal with AI and AI might not navigate the waters the same way a person would, yet the person could make human error or human transgression where, where AI might not necessarily do that. And we're entering in such a weird world right now to even consider that AI and automated transaction and the blockchain and all these different things. And just being able to replace, you know, the, the person in this whole, in this whole equation is, is kind of weird. It just, just kind of, kind of strange. The more you dig into it, the more you think about this. Let's see, we had some stuff. Oh, here it is. Let me see. This one was. This was Stu. Let me see if I can pull this video up. This is another one. That chip got a couple really solid videos. Let me see if I can pull these over. This was Stu Alder. Let me see what we got here. See. All right, so I'm going to pull this up. This is Stu Alderati, Ripple chief legal officer takes the spotlight in his additional role as the founder of the National Crypto Association. Let's watch this. I think this could be really interesting. Let me turn up the volume. Let me make sure, let me share my screen. Make sure that it's being shared with audio again. It's so weird. There's no way to tell if it has audio shared or not. Okay, here we go.
- [59:33]
C
And confidence across the country. The National Cryptocurrencies association, the NCAA is a non profit helping everyday Americans understand and use crypto crypto in their daily lives. We're doing this by giving voice to the 55 million and counting people and businesses betting pitting for crypto today. We're providing educational resources to demystify what crypto is, how it works and how it can fit into your daily life. And working with the industry to create consumer friendly resources. The idea of the NCAA was born last year and was largely inspired by the ongoing misinformation and mistrust, a hostile regulatory environment in the US and the general lack of understanding around crypto. Our goal is to shine a spotlight on all the positives crypto is bringing to real people, help drive responsible adoption and be part of a healthy public discourse around the technology. Educating and building awareness will take time and we're excited to collaborate with all of you to help do it. To combat misinformation, mistrust and Stereotypes that have been holding some back from embracing the technology. The NCA has been doing a lot of things. We're traveling across the country to hear from real crypto holders. We're partnering with the Harris hall to get to the truth about who is and who is not using crypto in the US and why. Earlier this year we conducted America's largest ever study of crypto holders. 10,000 crypto holder survey and we found crypto doesn't have a type. Holder holders come from all walks of life. More people over 55 use crypto than people under, under 25. Crypto isn't just for bros. Nearly a third of crypto holders are women.
- [61:44]
A
Interesting, interesting statistics to break down. You know, age, age, male, female, use, you know, men, women, you know, who's getting into crypto more? It's, it's really interesting. Here's another one. This one, this one's short. You've got Ashish Burla, you got David and I think Aaron is up in the stage here.
- [62:10]
B
Hang on, you took the CEO job.
- [62:12]
A
After I declined it.
- [62:16]
B
You wanted someone more handsome than you.
- [62:18]
A
That's.
- [62:20]
B
Well, Evernorth is a XRP digital asset treasury and what Evernor does is you can get exposure to XRP and eventually what all the XRP ecosystem has to offer via a publicly traded stock on the nasdaq. The ticker symbol is xrpn.
- [62:42]
A
What do you think about that? There you go. There you go. Very cool. So, couple things from, from Jim AI Trust, Sorry sir, we don't warrant you from losing assets by doing stupid human stuff. And that would, that would be pretty much it. You know, you did something stupid. Sorry, we're not, we're not going to help you. You should have known better. If Ripple is paying legal fees in xrp, we would be certain to be involved with the best crypto species. It'd be interesting. Imagine, imagine Stu Alderotti getting paid in xrp. You know, all these guys, all these guys kind of living large, living the dream, you know, building up the, the, these companies and being in that space and just seeing from a tech perspective and a wealth, a wealth generating perspective, you know, what is just possible. Imagine XRP at 006 cents and people say it's impossible. You know, it's too big a number. It, you know, there's too much going on with it. And here we sit, you know, getting a little bit of a pullback and you know, we hit that, that $3, we hit over a hundred thousand almost, you know, was at 120 plus. Now the sitting spot for Bitcoin is 103,000. When it hit 20,000 for the first time, people said, you know, it's. It's just not possible. Not, not going to happen. You know, it can't maintain that kind of, that kind of stability. Right. And if we just look and get an idea of where we're at, you know, across the board with Bitcoin at 103 and XRP sitting at 2.34, Solana at $160. And it's interesting, right? You would think Solana would have, like, you know, the biggest impact right now with, with G Soul and some of the other ETFs going full live outside of accredited investors, you know, being fully listed for, for all investors. And in the past seven days, Solana's actually slid 17%. But the whole market, the whole market, the entire crypto market, the entire regular market, everything took a hit the past couple days. I mean, it's amazing. You know, I was talking about Paler. Paler was sitting at 209, 209 on Monday. And then it pulls back to $183. You know, that. That's a big number. That's a relatively big move. And then we saw others, you know, the whole market across the board just red down. You know, everything over here on the crypto side, last 24 hours, you were gaining a little bit more momentum. Yep. I look at XRP at 6.2%. But all the positive news in the world know, with Ripple right now, the market still being dictated heavily by speculation, a lot of it being driven by speculation over. Over Bitcoin. What is Bitcoin doing? What exactly is going to happen in the industry with bitcoin? How many Treasuries are holding Bitcoin? How many Treasuries are going to hold other digital assets? What direction are we moving in with ETFs? ETFs can create a foundation, like a solid foundation for institutional investors to get into this space. And we, we haven't even seen the beginning of it. We're like 10, 12, 13 years into this thing. And, you know, how many of us, you know, have been around, you know, I was lucky, you know, kind of to start navigating this space and learning the space in 2017. But I, I should say unlucky, you know, because, you know, I saw the. I saw the tops and, and I saw the bottoms, you know. But the other point is that if I think about the first time I started researching bitcoin was in 2014, and I'm like th. This is hard to get access to. And I remember at one point looking to buy Bitcoin at $750 and I'm like, oh my God, 750. That just, that's just too much. Thank you. About when bitcoin went up to 20,000, then it slid all the way back to 3,000. And you look at bitcoin and like, I don't know. I don't know if I want to invest in. In bitcoin at, at 3,000, right? And then we had XRP sitting at $0.24 and. And we had XLM at that time in 17 sitting at $0.05, right? Then XRP comes all the way back to where it started up and, and everything's trajectory, right? It's. It's a roller coaster. But then the regular market, and that's why the geopolitics, you know, 100% are impacting the move of all the markets. And a lot of this is market driven. A lot of it is speculatory. You know, a lot of it's driven again by where is bitcoin going? This is all getting ready to shift and change. You know, we're definitely, we're definitely making that move. You know, the XRP rich list. Was there actually an XRP rich list? Let me see if I can. Yeah, exactly. I was heavily invested in Tether when It was like 99 cents and then it only went up to a dollar and then it stayed at a dollar. I don't know what happened. XRP rich list. Let me see. Rich list. Is it rich list info? Rich list and balance distribution. Let me see. It shows wallets. I see 234XRP top 10,000. Wow, look at that. But that's like got big numbers in here. Let's see if we can sort this differently. It won't. Let me sort it and search it by names. See, I'm trying to find what is the website. Is it rich. List.info what is the exact list for the XRP rich list? I've actually never been on that site. I've never gone to. There's a whole bunch of them you can go to. Let's see. Rich list for the community. XRPL HQ shows price history. Doesn't really give me good information here. I can't. I don't know which list up, which website you guys are looking at to get the. The rich list. All right, I'm not finding it. Oh, look what time it is. It is getting late. Let me pull this bad boy up over Here. All right, the rigged list. That's what we really care about. Rigged, Right? The rigged. We only have six entries. I'm going to give you guys a chance to boost that up. Yeah, we got to get that. That number to like 15. I mean, there's got to be 15 people in here at least that want to win this badass yeti right here. Right? This guy is kick ass. First of all, it's a badass yeti from the clan as yetis. He's from the white tribe. And how could you not want to own this beautiful nft? And we already know it's rigged, so you got to type in rigged because that is the word of the date. Rigged. It's spelled just like that. All right, Rich list info. That's the one I just pulled up and I did not. I'll see if I can pull that up again. But right here. Spelled rigged right there. And you know, so we're only at six. I. I gotta believe there's more of you guys out there that. That want that bad boy. But anyhow, let's show. Brought to you by Bucks for a latte. Half of that feed some hipsters avocado toast habit. Quit financing coffee fads. You don't need it.
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Time to rebel.
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Your badass great grandpa had only one tin cup and brewed his coffee over an open fire. We roast to order, ship free and keep every bean bold enough to wake the dead. Or at least your 9am meeting. We make coffee that punches Mondays in the face. Badassery Coffee fresh, fierce, great, roasted fresh, ship free. Chaos pending order now@badassery coffee.com badassery coffee.com badass recoffee.com that's right. Badass recoffee.com. all right, so now let's click on the current statistics. All right, I'm gonna play. I'm gonna play this song one more time. We're at eight. Eight entries. I gotta believe we can get to 10 to 12. There's. There's got to be seven more people out there. There's probably at least 12 more people out there. Let's play this song one more time and then I'm going to pull up that. That rich list.
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From the heart of chaos.
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They rose.
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The as Yetis from the white tribe. Born from lava, raised for destruction, rigged for fire.
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They don't run, they stand their ground. Molten souls forged in the furnace of fury. Cuteness as they camouflage violence is their core. Their fur sizzles with heat of passion, passion, passion they're still cuts through Your heart they are the storm they are.
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Your fear from ashes to rage they rise again that's not thunder that's badassery.
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Burning under they don't fight fair, they fight final Every claw primal every step vital cuteness kills that's the title Badass J on the chain Built for battle, made for legend Claim yours your or be forgotten Badass Yetis on the chain on the chain.
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There you go. There you go. There you have it. Here we go. Current stats. Six accounts with quite a few in there. Look at that. Was that like a, a billion. $1 billion. 1 billion total number of accounts. Look at that. 21 have 500. A lot lots. 500 million. Now let's go down. 3,354,000 accounts have 0 to 20. 0 to 20, that's those. It's, it's pretty staggering. Now the percentage, percentage of accounts with a balance starting at 7 at 4 million. Wow, it's a lot. Look at that. You have 20, 302,325 XRP. There's 722,010. 10 of the accounts out there have 2. 325. It's amazing, amazing what's going on here. Wow. Crazy. Crazy. And this, this isn't it. This won't record when the ETFs go full fledged. This isn't recording. You know what people are going to hold in ETF format? Etf. You could, you could move a million dollars into a, into an XRP ETF and it's not going to be recorded over here. You know, the wallet is going to be held by the institution. So this rich list is going to shift drastically, you know, based on ETF holdings. You know, right now this is pure. You have XRP in your account. You have direct access to the XRP versus what's going to happen with, with the etf. It's going to be staggering what's going to happen. The more and more recognition the space gets from mainstream, but the more and more recognition it's getting from the crypto space as well. So really, really cool. I'm glad you, you brought that up. Glad we pulled it up because it's something, something cool to see it. Can we show the ready the ready the YETI rich list? Yeah, we're gonna have to, we're gonna generate that. We'll have to pull up the richness. I think if we like, if we're looking at like the top, you know, who, who holds 99 of them now based on winning statistics, I would say it'd be Charles Charles probably. He's probably the most winningest and so he has a huge army of. Number one. There you go. Number one on the yeti rich list right there. Charles is number one. So. All right, here we go. Let's pull this up. We are going to. I can't believe there's only eight. Eight in the drawing. How's that? Is it that people don't know how to spell rigged? Is that the problem? Maybe because we moved from yeti. It used to be type in yeti but now it's just strictly rigged. You know, makes it a little bit more complex. Jim D. Is a. Is a yeti whale. All right, here we go. We gotta. We gotta get some more rigged. There's got to be some more rigged. But without it. Here we go. We're gonna get it going. Here's the music. There we go. Now we're at nine. Now we got it up. Get your zombie wallet ready. That hasn't changed. Number 10. There we go. Did we move from 9 to 10? And we're making some progress. I think Charles forgot to type in rigged. I think. I think that's what it was all about. There we go. Okay, let's draw. Let's draw a 10. That's fine. We're giving. Giving away this badass right here. Badass ash yeti. The clan as yeti. Here we go. Mark Smithson. Mark Smithson. Mark Smithson is the winner on the chain of the badass yetis. Mark Smithson. Big winner. Mark Smithson. It was definitely rigged for Mark Smithson. So you know, we got to do. That's right. Look at that, Marky. And he's going to play it forward to Laurel now is. Hang on. You want to pay. He wants to play pay it. I was play it forward. Yep. He want to pay it forward to Laurel now. Is Laurel still here? Laura was here. Laurel, you are getting it paid forward and you are now the winner. Complimentaries of Mark Smithson puts it. Puts it for perfectly. Are you here, Laurel? Are you here? So Laurel has to be here. So if Laurel's here, Laura was here like five minutes ago. So hopefully Laurel is still here to win this badass yeti of the white trot. And now we're. We're doing it. We should meant to put. Put up the 60 second clock. We'll do a 60 second countdown. Everyone is going to have 60 seconds to respond and be like, yeah, I'm here and I'm ready to collect. I'm ready with my wallet. The thing is, is that gotta open up My badass yeti white inventory and the tabs are in the way. I'm gonna get. Now I got to go over to YouTube and I've got to open up the YouTube, make sure that I'm monitoring on the YouTube. I forgot to open up that. And so thing is, is that streamyard doesn't show us. Let me view on Streamyard doesn't show us every single comment. So some of the comments get. They get blocked because it. The way, it's. The way it's pulling from the YouTube commentary here. And so Laurel. So if I look at like the top chat, I don't necessarily see Laurel. And so I'm gonna go into the live chat and I still don't see Laurel in here. So I see the pay it Forward, no Laurel. So Mark, you know, so Laurel. Laurel's not here. Laurel's not responding. As far as I'm aware. I haven't seen Laurel respond on the live chat or the top chat. There's no Laurel here. So, Mark Smithson, you know what that means? You have to either give it away again or we gotta redraw. I can hit the button again. Up to you, Mark Smithson, since you were the winner, you want to play it forward to Art on the lake. There you go. Look at that. Art on the lake is. Is the big winner. So Art on the Lake. Bueller. Bueller. You just got paid forward. Mark Smithson is paying it forward to Art on the lake. So Art on the lake. Need your zen wallet. I'm on Art on the lake. There we go. Here. Boom. Need your zen wallet and get ready because we are going to send you this bad boy right here. So Zaman, Zaman wallet. Congratulations to Art on the lake. Vis a vis Mark Smithson. So congratulations, Art on the Lake, for winning this badass yeti right here. So there we go. Badass it is. Totally badassery. Total badassery, man. And we even got to see right into the swell conference this evening. Chip brought us right behind the scenes. We got to see everyone. We even saw David Schwarz walking through the event. We saw Crypto Queen. We saw Sheesh, Barla. We saw Molly. We saw. I don't know, there were a whole bunch of people that were zipping in and out of the shot. We saw James Rule. James Rule came into the shot where that kick ass XRP jacket that he has, uh, yeah, it was very cool. Very cool stuff. So if you guys are just joining now and you want to go back and be like, yeah, I wonder, you know, what did they See at the, at the swell, because we're streaming part of it live as Chip was over there drinking some Jamesons and we actually got to see it stream live. So Art on the Lake, hopefully you can throw up your, uh, your, uh, Zaman wallet. I'm gonna go through all of my, uh, notes here and see if we can find. So I know you've won before. There you are. I found you now. I found you and I found your crypto wallet already here. So guess what? So we are going to go here, Let me put Art on the Lake. This is number 422. Today is the 5th of November. Recording it. There we go. The one thing we're missing is your X handle. It looks like we don't have that. There you go. I sent the video, Jeff. When Javid Schwartz walks past Chip on X. Yeah, that's awesome. That was pretty sweet. As they just kind of just walk through the, the screenshot over there. Oh, screen recording. Nice. There we go. All right, here we go. Mark. Art on the Lake. We are getting ready to send this bad boy over to you. So get ready. I am going to send this bad boy over to you. I don't, I don't know what happens if I, when I hit this transfer with this QR code. You know what happens if you get multiple people? Probably nothing because it's my QR code that I'm sending. But let me log in here. Art on the Lake. Art on the Lake. Getting ready to. This is how fast a transaction on the XRPL is now sliding to accept. I scan the qr, slide to accept. Thumbprint. It's going through, through the, through the verifying process over there. It says submit it already. And done submit. I just moved that NFT over to Art on the Lake. Let's say that NFT was real estate. That, that's, that's just so impressive. Just the whole thing. Every time I do that, it just impresses me more and more. So Art on the Lake has the bin winner of this evening. And that's it. We'll be back here on Saturday morning. Saturday morning, 8:00am Eastern Standard Time. It's really a pleasure being here with all of you guys. Thank you all for, for being here with us. And we'll check you guys out on the next one. Chip was already out. Jeff is about to be out. And that's all I got. I'll see you on the next one. I'm out. Are you down with otc?
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