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On The Chain - Blockchain and Cryptocurrency News + Opinion
Ripple & Flare: XRP Adoption and Digital Asset Custody | Trump, Burnout & Chaos
01:32:07
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A
Hey, welcome to on the Chain. This is Jeff. We are going to have an amazing show today. We're going to have the co host back tomorrow. We're going to get the dynamic duo back together tomorrow, tonight, today, this morning, wherever you're tuning in from, people tune in from all over the world. We got this amazing global audience here on the chain. But today, this morning, this afternoon, tonight or this evening, Crypto Spotlight. Ripto Ripto Ripple showcases digital asset custody and action with three institutional use cases that I want to go over. They have a new website rollout. It might not be new as in today, it might have been six months ago. But I think it's going to be really impressive to go through the site, the Ripple site, look into some of the Flash payments, the custody, all the things that are going on within Ripple, some use cases. We're going to watch some really great videos with the companies that are engaging with that project and we're going to do a deeper dive into Flare today. I want a deep dive Flare as they step up. More markets that are, you know, choosing to power the future of XRP Yield. I want to break down the Flare F assets, the Data connector, the Time series, Oracle tools that are built for institutional adoption of real world utility. Because that's really what it's all about. We have to look at institution adoption and real world utility. Then we're going to get into the politics and the culture of things because Trump is just crushing the drug runner terrorists. We're going to see how leadership actually can define outcomes and why are the rates of autism skyrocketing? And nobody is really asking the question why? And there's tremendous amount of burnout. There's chaos, there's Democrats and there's leftists that are just crazies running all over the world. Run around this country, Florida versus Canada, which one do you think is better? Crypto politics and the cultures collide. No FOMO tricks, no YouTube fanboy fools, just truth served as raw and unfiltered. That is the theme of today. So we're going to deep dive and look into this one. Got the Flare community on here with us. I'm excited about today and let's get into it. Let us get this thing started. That's what I'm talking about. Let's go. Some hardcore. Here we go. Let's go. That's what I'm talking about. Let's go. So everyone give a quick shout out where you're tuning in from. Doesn't matter if you're over on X or if you are on YouTube, give a quick shout out. Go ahead and share. Give a quick like share this on your social media. And a big shout out to all those that listen in on the podcast as well. We missed the last couple episodes. I apologize for that. For some reason we weren't recording on the back end. Well, we weren't. The software wasn't. So went to to update it, have the fix made sure everything is working for today so we can get the podcast up as soon as we launch the show. Go to onthechain IO if you want to go back and review. If you've missed anything. If you said, hey, I've missed the show, I want to go back and watch it, I want to listen to it, or I want to go back and read all the different articles that they covered and then some register, go to on the Chain IO, drop in your email address, go ahead and register for that. We don't spam email, but what you will do is get an email after every single show that has all these great things. Get a list of every article we reviewed, all the different video links, all sorts of stuff like that. So go ahead and go to on the Chain IO and check that one out. And then let's see, we're going to Deep dive. We're going to dive into Ripple. Then we're going to get into Flare. And if you guys want to support the show, you can also go to badass yetis coffee.com badass yetis coffee.com get yourself some Obsidian Bold, because I love the Obsidian Bold, but there's also Noir Symphony and a couple others that are there and they're featured in the song as well because the Obsidian Bold runs through the veins of these Yetis. That's how they stay fired up. So, all right, let's get this going. Let's go to Let Go and cover. Let's talk about these three different use cases that. Well, I'm gonna go more. I'm going to start off with the digital asset custody in action over here with Ripple. Got too many tabs open, trying to figure out where everything's at. We got a killer song for you guys today as well. Here we go. How's everybody doing today? Good weekend. Getting ready to enjoy the beautiful weather outside, whether it's hot and humid or whatever it might be. So if you guys are streaming in from the uk, I got some stuff for you guys today. Ah, then that coffee is badass. So here we go. So Ripple now if you go to. And I like this because let me Go. Let me see if I can open up a new tab here. There we go. I want to go through Ripple and Flare is two of the bigger use cases that are using the xrpl. Obviously everybody here knows who both of them are. Everybody here knows what XRP is. But what I really want to focus in today is the financial infrastructure, financial institutions, custody, and how this impacts everyday use case and how this really impacts the future and growth of our economies. And I think that this is, you know, a component that doesn't necessarily get missed, but we have to give a lot of emphasis to what's actually transpiring right now. And it's not just about investing in the asset, the FOMO and, and the, you know, the riddlers and, and all of those things, you know, from a serious growth perspective as we're starting to see, you know, change going from, you know, the living room computer screen to real world utility. And now we're starting to see the bridge of where real world utility is kicking into high gear. It's gaining recognition on large institutional and government levels with big institution plays. And we have to watch the big institution plays. So, you know, it's not just the, the fluffy Ethereum bunnies or whatever that was called, you know, back in the day. We've had a lot of fun with the, the NFTs and obviously you know, we love our badass Yeti NFTs, but that just scratching the surface also of what an NFT will be able to do or what an NFT will be able to represent, you know, as we move forward in the future. And really the future isn't so far off because the future is actually happening right now. But here, you know, Ripple, this is right on their main site. And I love how over the years that we've covered the Ripple and other crypto plays that they're gaining momentum not just from a technical perspective, but they're gaining momentum also from a branding perspective. Like it's very clear, you know, what they do and there was a lot of confusion before, you know, a lot of words being thrown around, a lot of different project concepts and as these projects and even the crypto space at large, trying to find its space, find it, trying to find its place in, in the economy, you know, they start fine tuning verbiage. So here, modernize your financial infrastructure with Ripple. I think it's very clear what, what we're, what we're emphasizing here. Ripple's payment, custody and stablecoin solution empower financial institutions to integrate blockchain and digital asset into their business in a simple, secure, compliant way, all in one place. So again, very, very clear messaging. It's not like what it used to be when it would break down all the different components of it. And you're trying to explain the technology and then how does that all fit into your business? How does that fit into a growth perspective? And now from this statement alone, you know, payments, custody, stablecoin, and what is, what do those things do? Well, it's going to empower to allow you to integrate blockchain and digital asset in your business. Now it's a matter of, okay, why do I want blockchain and digital asset to power my business? What exactly is that going to represent? On the political stage, we see a lot of discussion, a lot of emphasis on stablecoin and the integration of stablecoin into our economy. And stablecoin also means streamlined payment, streamlined money movement. It also means real time access to your money, real time access to your stock portfolio. And I was just having a conversation about this with my wife yesterday as she was moving some things around and she said, you know, it's, it's all a sham because when you sell your stock, you don't get instant settlement. And even if you do move it, you don't gain necessarily access to everything. And it depends on the platform, depends on, you know, the quantity that you're selling and all of that. But if you're making these movements, they give you limited access and the, then it's broken down over days. Yep. So, so if you're not set up 100 the right way within the exchange, within the platform, then you're handcuffed. Because imagine if everybody you know decided to, to, to run on, to do a run on whatever the platform is. You know, let's say it was a Wells Fargo or It was a J.P. morgan or the Fidelity or, you know, what have you. And you go to any one of these platforms, you're like, okay, I want my money, or, you know, I'm selling my, my portfolio and I want my money and I want it today, I don't want it five days from now, I don't want it seven days from now, I don't want it three days from now, I don't want it tomorrow. I want to sell and I want my portfolio today. I want every last penny that's in your bank and I want it in my new bank. I want a, a full custody of my money. Now if everyone decided to run on the bank, then they don't have the money, they don't have access to it and it's kind of a sham. So now imagine we can transition into a stablecoin environment where we know that that stable coin is always going to be readily accessible and available to us 24 7. Not business hours, not business days, not weak ass, you know, employees that we have to rely on that, you know, have to run out for lunch or you know, they want to leave at 5 or 5:30 or they don't want to get in and start working until 9am no, if I'm up at 4am and I want to transact, I'm transacting at 4am If I decide if I'm up at 12 o' clock midnight, I want to transact. I want to transact and move my money. I want to invest, I want to, you know, stack up my day. That is the power of the stable coin and that's the power that's being brought to the financial institution 24 7. That's really what it should be. It's our money, it's not the banker's money. You're questioning it, but why should I be handcuffed? Because you decide that your hours are only, you know, nine to five. I mean that, that's absurd. And then in other countries, in the US at least, we have ready access online. In many countries you still don't necessarily have good quality access to online banking. And it becomes a disaster, you know, to try to transact all these different online solutions. So then you have to go into the branch. Now if you have to go in the branch, you have to have an appointment. If you have to have an appointment, you might have to wait days or you have to stand in lines and it becomes extremely, extremely convoluted to do business. So from this perspective, why do we want blockchain and digital asset? We want transparency, we want trust lines and we want seamless transaction and flow movement of money and full liquidity. Obviously, you know, it's a very, you know, clear perspective from a, from a B2B perspective, from a B2C perspective, you know, it becomes really, really key. So here, payments, custody, stablecoin, it's happening with Ripple and it's interesting to see the trans transference that or growth cycle that Ripple's gone through also because of what used to be a lot about xrpl, used to be about XRP and there was all these different components built into it and now it's not. Right now we're talking about payments to asset tokenization, right? From instant payments to T asset tokenization and then here we go, but let's look in the, in the, the heading over here. So we have payments, custody, stablecoin. You don't see anything about, you know, other digital assets. Everything's about the stablecoin And I think everyone has come to an agreement that if we're going to be transacting institution, institution business to business, that having the Stable Coin that's built on a stable blockchain platform but the Stable coin is also tied coin to dollar where it maintains valuation, no fluctuation based on FOMO or FUD in the market. So imagine if we're trading stock, right? Think about you know, xrp. We want XRP to be a, a, a payment solution. We want Bitcoin to be a payment solution but the problem is, is that we have daily, hourly per minute, per week fluctuations in the valuation of that currency of that digital asset currency. How do you then have proper trade for value if you continuously have fluctuation in your, in your asset? So imagine that, you know, we decided that trade was going to be done with Microsoft shares. So now we're going to create an entire environment where we can use Microsoft shares to, to buy goods. Now imagine the market fluctuation. Market changes every single day. Then we're using Microsoft shares. Today the value is 120, let's say tomorrow the value is 100. So we just lost you know, a 20% valuation on our, on our share. Now how do we then go and buy goods when we have massive fluctuation in currency? And it's the same thing with Bitcoin, it's the same thing with xrp, Ethereum, doesn't matter. All digital asset fall into the same bucket that we're going to have fomo, FUD, fluctuation in the currency valuation. So the only solution to solve that is stablecoin and stablecoin dollar for dollar. Now we don't want, you know, obviously we went, we all know because we've gone through tether, we've gone through usdc but we need something that's more institution industrial backed, right? So we get to like an RL USD. So ripple real smart. You know the movement that they made going over to the Stable coin. They're not the only players which is critical. So if you have the circle, you have USDC, you can have the, the RL USD, the, you can have the PayPal. They'll probably be other, you know, big, big providers of stablecoin out there. Makes more competition, gives more option. There's lots and lots of utility potential across the chain which is really important. Now then we, you know, focus in on again what we were saying before instant payment asset tokenization, which I think we haven't even seen the beginning of that and I talked a little bit about that on the show previously. Imagine being able to tokenize whatever that fixed asset is. You want to have you know, share ownership in a, in the Mona Lisa, you know, so they decide they're going to tokenize that and you can have a fractional ownership in that. I mean the, the potential is, is just mind boggling. So you have a gallery collection of art, you get to own a share of that. That just changed the whole, you know, fundamental of how we, how we operate within, within collected collection type goods. But then real, real asset, real estate asset, whether it's residential property or commercial property, if it's business, I mean it's, it's amazing, you know what can happen with the tokenization but it's, I think it's also then about the streamlined, the transparency and then also the ready access to movement of that asset. So again if I, if Tesla decided to tokenize all their share and I'm owning a, a part of Tesla through tokenized share asset instead of the stock stock, you know, I have to wait after hours that I have a little bit of a, a period of time to sell and, and I have before hours a little. But there's a gap where you can't do anything. You can try to sell, you can put your, your order in but you have to wait. Now imagine you wake up one o' clock in the morning and like I want to sell my Tesla. And you go in and the market's open, it's 247 because it's a tokenized asset now and, and that's it. I sell it, I'm done, I have my money, I move on, I buy something else. That's the type of world that we all want to live in. The potential and power of asset tokenization, that's man. And if Ripple can get behind it, that's great, you know. So to me it's more about how exciting is the world that we're living in and the technology that's being developed. Ripple just happens to be one that's on the forefront. Is this going to impact XRP in any way? I don't know if they're moving over to Stablecoin. They might be using the xrpl. We need more and more and more projects like this that are integrating into and finding a use case of the crypto asset similar to Ethereum. Right. Ethereum growth potential. You know, Ethereum's being burned every time. You know, we have all these different ERC20 tokens and, and projects that are built in and around. So if it's built with the XRPO and utilizing XRP as a burn token or somehow figuring out the solution to bring XRP into it will be really, really impressive. And again, we're just starting to see the growth of this space. There's so much, really so much to leverage, you know, across the board. And it's so much more than, you know, just looking at, at the FOMO and the small currency movement because everything is incremental growth. And we went from, you know, we went from infant stage to toddler stage and you know, we're going through the kind of can't move, can't barely crawl, crawl. Now the toddlers are up and running around, bumping into things. Then now the toddler is getting a little bit older, going into kindergarten, getting ready, going to first grade and still super excited, interested about all the different, you know, things that are around it and learning. But at least you know, the, the, the child is walking and running and has balance. And that's kind of where I feel we're at in the crypto space. But still super, you know, observant about all the potential, all these different options, all these things to learn and trying to figure out how to piece it all together. That's kind of where we're at. We now we have like these massive components and getting ready to assemble everything and it's gonna, it's gonna be exciting. And so now we, you know, if we go over to, let me pull, you know, a couple of these videos and you guys can obviously go on their website and watch these too. But I think it's interesting, you know, to kind of see these and talk through and kind of workshop. But this is Travelix bank and if we look at what they're saying, look 247, 365 access to liquidity. That, that's, that's crazy, right? That, and that's what we're talking about. The first domestic exchange bank to be approved by Central bank of Brazil. Travelex bank provides foreign exchange and payment services for customers worldwide. So let's, let me just throw this video up and let's just watch this real quick. Hang on one second. Here we go. Ultraviolet Group Travelex New Brazil Shopping Center. So my, it's all about, it's all about the speed. It's all about access. And you know, everybody is been struggling with with all these different components. Anyway, I'm gonna, I'm gonna pull this down. This was in Portuguese. I'll put the next one up. So anyone listening to the podcast, like, I don't speak Portuguese, I can't read the subtitles that are being, that are being put up there. If you're watching on your phone, you probably can't see the subtitles anyhow, so. So. All right, let's move on to the next one. Each one of these three different companies that Ripple kind of highlights, each one talking about how they bring it into the, the solution, what it means for their company as a player globally. So this one is Instaram, this one is Instrument is leveraging Ripple payments to streamline internal treasury operations for Instrument and their global SME customers. So here is a key player in finance leading transformative remittance on an advanced global payment built platform for simplicity, scale and speed. It's a lot of words. Maybe they should simplify that, all of those words to make it easier to scale. But Instrument, the payment arm of Neon, began leveraging ripple back in 2018. That's very cool. So let's, let's play this one. This is Yogesh, single head of Instrument. So here we go. Let's see what we got with this guy.
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It gives us that extra liquidity for us to accelerate our business and really not bother or worry about trying to move, move money across accounts. Hi, my name is Yogesh. I am the head of InstaReM. InstaReM is all about keeping money simple. We are present in more than 40 countries through mothership NIAM, and we allow you to kind of send money to more than 400 countries across the world. The Ripple Partnership started more than five years ago. There is massive synergy between what Ripple does and what Niam and Instagram are trying to bring to our customers. Ripple uses neom's infrastructure to pay out in various markets. Apart from that, we use Ripple's treasury solutions to manage liquidity for ourselves. And we also offer those treasury solutions to our customers, especially our SME customers. If you look at one of the big things for any growing fintech, the percentage of growth is massive. Therefore we are looking at any way that we could cover our funding gaps. These treasury solutions allow you to fix, expand what you would have normally done. You look at that and look at where our customers are across 40 different geographies and all parts of the world where we serve, being 247 is almost expected. So Ripple fits very nicely into that whole notion. If you look at speed I think it's one of the strengths that Ripple brings to the table and something that we really appreciate because I think for us, as you know, our name is InstaRemp. So we want everything to be done in the instant. That's where Ripple comes in. They provide that instantaneous nature to us. As we started our journey and we were moving together as partners, one of the things that we found very useful and insightful was that you could go to the Ripple team and have a conversation around your challenges.
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I think it's interesting, you know, each one of these companies, you know, they're all looking for a very similar solution. They're going to implement it a little bit differently. They're in different parts of the world, which is also important. You know, from, you know, India, you know, through Asia, through Europe to South America, you know, each one of them looking for a similar type solution, but the problem is the same regardless of where you are in the world. The problem is always instant access, streamlined access, full transparent access and, and, and low cost, cost effective access. That's the problem. And Ripple succinctly, you know, brought that right from the beginning. But the problem hasn't gone away. The problem is still a reality. We still haven't reached kind of that pinnacle moment where the world is switching and we're starting to see financial institutions migrating to a flash payment type system or instant payment type system. We haven't reached that, that point yet. But now we're seeing momentum from a legality perspective, getting regulatory clarity so these companies, providers can operate seamlessly, you know, through regulation. So it can be very acceptable, very accepted, very expected. The U. S market I think has big been the biggest block, the biggest hurdle on a global scale. Because if the US doesn't get in, the rest of the world can't get in. The rest of the world can play around with it. But from a real momentum perspective, if the US doesn't have buy in, it doesn't matter, right? Then you move on to the next thing. The US still the largest, one of the largest, not the largest player on a global scale, probably the most significant player still to date. From a transactional perspective, all countries and regions are important. The US is still the biggest player and again probably the most, most critical to make movements like this. US gets all in. But you know what, if the US is all in and all these other providers are not in, then it also doesn't matter. Then you're playing catch up and trying to fight and force. So in the meantime you're getting all these Players trying to figure it out. Much easier to get into smaller market and get them on board with it, let them play around with it, let them experience the technology. And as the US kind of goes through its process to try to figure things out, you know, then time's on our side because all these different regions are getting it. They are all buying in, they all have the regulatory clarity. And now we're waiting on the US to get on board with it. The fortunate thing is it's not like, hey, we waited till the last moment to try to get the US on board. Screw that. The US Battle has been waged, you know, for the past decade where we're starting to see, and now we're, we see, you know, the big lawsuits and the cases and now we have the right administration, the right political environment to make it happen. Ripple had been on the forefront, still on the forefront in developing and, and pushing for, you know, for clear, for a clear path forward. So let's, let's look at this last one. This, these guys are over in Australia and I think this would be, this would be nice to see. So let's, let's throw this one up.
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Flash Payments are a holistic digital payments business. We utilize blockchain and traditional solutions for international and domestic payments. We help financial institutions and overseas remitters get funds into and out of Australia. Our primary customers are financial institutions and overseas remitters that are looking for a cost effective way of getting and fast way of getting payments into and out of Australia. Flashpapers have been working with ripple since 2017. We're actually the first Ripple partner in Australia and that partnership has evolved immensely over that time from as the product has evolved. Flush payments have always been focused on improving settlement times and operational efficiency. The Ripple payment solutions has helped accelerate our business not only through offering obviously those faster payment times and cost savings to our customers, but in a big way through the introductions that Ripple have also provided large financial institutions and remitters overseas who are, you know, the cool clients that, that we're after. And they've also been, you know, very understanding, very helpful in terms of helping us.
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Yeah, I like seeing this. What's up XRP Plumbing? What's up? Everyone who came in here late and people that are leaving early. I don't know. Chad's leaving. Look at that. Gotta run. Believe it. Just, just leaving, just like that. So Visual Vendetta was saying that Luna was worth thousands, you know, running their USDT Stablecoin. Wonder what XRP is going to be worth with ro USD Exactly. Gonna have a lot of things happening here in the near future. So Chip letting his hair grow back before he comes back. That's it. So I saw Chip yesterday, want to wish it, you know, firm condolence to Chip and his family. So went to his dad's funeral yesterday. And so that was. They did the full color guard, color honor guard at the, at the cemetery. Went to the, the service uh, before that. And so was able to see Chip and his family, uh, yesterday, which was, uh, again, big, uh, condolences to Chip and his family for all of, uh, all of that. And Chip will be back with us to tomorrow night. So we'll look forward to having Chip back here with us tomorrow night here on the chain. So. All right, we are going to move into flare before we move on over into flare. It is the bottom of the hour, so do want to get into. And we'll be, you know, playing the video for the NFT for the yetis. I forgot to pull up. Got all these tabs going. I gotta pull up the stream yard giveaway tool. So get ready for that. I'm gonna open up the floor again, you know, to everybody today. So even if you won last week, the week before, gonna give everybody an opportunity to jump in again, you know, because this is the rigged giveaway. See here, Hang on one second. You guys know the word and we'll be playing that song here in a minute. We got a couple already that are registered in here. So we'll get that, we'll get that ready to go. So everybody give a quick shout out where you're tuning in from. We do have a nice global audience from coast to coast, country to country, which is great. Our biggest, second biggest audience from the US Is actually Australia. And then as you kind of migrate through the Asian Pacific and then you get over into Europe and then the US Number one. That's it. So. All right, see a bunch of yetis thrown in here. Got the uk We've got Florida man. Laurel over in the Bahamas. There you go. Gotta love it. Colorado. All right, that's what I'm talking about. Now we'll get an idea where everybody's tuning in from today. I think we got New Zealand in here as well, right? We got New Zealand. I've seen Australian error already, but I believe Ray the Musk coming in from New Zealand. And there you go, Jim D's here in real time. Indiana, Puerto Rico, Homestead. There you go. Got XRP plumbing down in Homestead. The check out XRP plumbing one day down in Homestead up to South Africa. There we go. We have a couple, a couple of viewers who have popped in from South Africa. So it's great to, to see you here. There you go. Love it, Love it. Joe, would you say having close to 3,500XRP is solid? And also what's a good cold wallet? And that's a good question. So, you know, there's obviously, you know, different options for wallets, I would say, you know, depending on if you're newer to the crypto space, having a solid exchange to work with like Uphold or Coinbase or Gemini or one of those is probably a, a real good way to help and support, you know, if you want to make sure that you are, you know, safely holding your, your asset. Jim D. Is saying paper the best cold wall. Yeah, I mean, if you put on paper, couple copies, put it in a vault somewhere, make sure that doesn't get wet, then you, you don't lose it. My concern with any of the, any of the solutions is that you accidentally lose it, you forget your, your passcodes, you forget your seed codes, all those different things and then you lose access or you have trouble gaining access again. Having instant login to Coinbase, Robinhood, Uphold Robin Hood. Not bad either. You know, I mean, use the solution that you're comfortable using. That's what, that's what I would say, you know, and make sure that it's reputable. Like Robin Hood, you know, they're a pretty big player in the industry. I had asset on Robin, I still have some asset with Robin Hood. They were going through a turmoil period at one point. I think they, they got through that. I trust a good option. Soon we're going to start seeing, we're going to see the rollout of XRP ETFs. We have Bitcoin ETF. So once you get to that point with an XRP etf, go to Fidelity, go to wherever you can get, you know, an ETF that, that's a good way to leverage as well. So there's good options, but I don't, I'm not going to advocate for any one specific exchange. But there's different players out there and the exchanges have used, you know, like over, over time. I've used Bitru, I've used Binance, can't use either one of those. I've used Gemini, I use Coinbase, I've used Robin Hood, I've used a whole bunch of different solutions. Z, the Z wallet, you can keep XRP over on Z on your phone. And I would say also it's a good idea this is something I learned from my grandmother years ago. My grandmother was always a huge proponent of keeping money in multiple banks. So she was fortunate because of my, my grandfather's businesses to not have to worry about all that, but to make sure that. But her lesson was always to leverage and to divide. So, you know, you think about your FDIC coverage in a bank from a cash perspective, don't necessarily exceed that number. But then also, you know her, based on how she grew up as well, I'm sure had a big impact on it. But put your money in multiple different banks, and that's what she always did. And so, but she went beyond that after she passed away, found out that she also had kept and, and hoarded lots of cash. So as we went through stuff, guaranteed that as they, they went through and, and had the people buying furniture, that people, if they were lucky enough, they would have found wads of cash hidden in, in their furniture. But we found all sorts of stuff behind picture frames, stacks of, of hundreds, like behind picture frames underneath the mattress, you know, hidden behind drawers. I mean, throughout the entire house. Just, just wads, wads of hundreds. I mean, it could be like each stack was, was easily a thousand dollars someplace. You know, it was money all over the place. So, so it went beyond the banks. So that was, it was, it was kind of interesting. So. All right, cool. Let's, let's. Let me play this. Get your yetis ready. Get ready to drop a yeti. But let me, let me roll this one out. Here we go. Song of the day, here we go.
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Are you ready lads and lasses to win yourself a badass yet? Oh, it's clan mentalist Whit Skuller Bold and free he drinks his ale he tells his tale and fights for you and me. Get yours a man wallet ready Eddie is the word so let your pint a toast a cheer to the mentalist a scholar we all drink on the chain. Your co on the super intelligent viewers. And don't forget that this whole thing's rigged on the chain. Badass yetis born for battle, made for legend. Claim yours are be forgotten.
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Hope you enjoyed that one. And there you go. That's for the drawing. All right, timeouts are not in effect for today, so we're opening it up. So go ahead. No timeouts for today, which is good. Want to make sure we get as many people in as possible. Get everybody an opportunity for the badass yeti. And the badass yeti we're giving away today is scolder number 395 of the Mentalist, which is. I like this guy. I like the mentalist a lot. I've always, I've always liked the mentalists. Think they're pretty awesome. I love just, just every aspect of it. These guys don't carry weapons because they destroy your brain. But anyhow, these are. This guy is Scolder. Scolder. There he is right there. Of the clan Mentalist from the blue tribe. Well, st still waiting for yeti moonshine. That's right, man. We can get like a yeti whiskey or a yeti bourbon. We got the yeti coffee. Badass yeti coffee. Soon to be badassery. We're branding badassery so everything can fall under the badassery. So that way the badass yetis still need to launch our badass chimps. Trying to get the badass yetis done here. We have two more within the badass yeti tribes. We still have the purple tribe and the black tribe. And with the badass chimps have been done and we just need to get everything rolling over there on the xrpo. Kind of excited about that, putting everything under badassery. New website was being built for badassery. Badassery coffee and it's all badass. That's it. Some badassery shirts too, which will be nice. Looking forward to the badassery. All right, let's go into flare. I want to talk about flare a little bit because you know, we've been talking about flare and I think that, you know, as we look at Ripple and there's been so much hyper focus on where Ripple has been going, you know, and we've talked a little bit about some of the news drops from flare and we get into all of that, there's so much more that's happening. I think if we look at Ripple from an institutional perspective, flare is moving in a similar direction and yet flair is also going cross chain. They're bringing a lot of different component into it. So let's, let's just go through some of the key things that have been put up right here. So Jim D. Said flair was all the rage a few years ago. Then it felt, it felt. Yeah, it was all the rage. You know, the biggest misstep with flair and we said this years ago to me was the way the airdrop was, was done. And that's where they, you know, and our, our whole point Jim was that flair had to focus. Focus on your company, focus on your build out community is important, but your company is more important to you than community excitement at this moment in time, Flair wasn't ready. There's like Ripple is out there building to institutions. Flair isn't and wasn't a retailer based solution yet. Right. And now we're starting to see, okay, you need to go out B2B. You have to go institution, you have to go to smart contracts. There's all these things that Flare was building for. Yes, the community is important. You're going after XRP and Doge. That's great. Mention it. Do the hype, get out there, do some podcasts. You want to do an airdrop, Just do an airdrop and forget about it, right? But they were so focused on, you know, on the community. And then the way they broke it down and the community got pissed. Right? And that was the biggest problem because they went first and foremost, they did the airdrop and then they're like, no, we're going to break it up over the next 36 months or whatever. Now we're at that 36 month point. Everyone's like, oh, it's ending three years ago. Everyone said, I, I can't even think three years into the future for my airdrops. I want all my airdrop now. I don't want to wait three years to get it. Now we're at that three year point. That's how fast time flies. But then the whole songbird thing and then they come out and try to explain it and describe and that it was, it was just that people were getting something free and got pissy over, over a free airdrop. That to me was the craziest point. And Chip and I had said also, you know, it was all on how they instituted and implemented that airdrop. And I said, as soon as you give out freebies like that, you're gonna get some, some bad publicity kickback. It's the, the sand's gonna be kicked up in your face if you don't do it exactly the way people expect it to be. And most of the community just wanted fast result. They're like, give me my airdrop and I want to see immediate return from it. And then if you pull it back or the way they came out with a songbird and everyone got confused with what songbird was, now they're flip flopping. And the whole songbird concept made a hell of a lot of sense because they had to test all their solutions and to be able to test them with real potential, quote unquote, real time. And having larger, you know, larger groups out there that were utilizing and testing was, was great. You know, it was amazing. Flare is on the forefront of technology. And, and I'm glad that everybody's seeing it too. So Greg saying the monthly airdrop was a smart move, right? That. That's the other point. I like the idea that they broke it down and they. And they split up over. Over a longer period of time. And I think about all the things that happen, right? The exchanges got all the flare. But even like with Celsius, right? I had XRP over on Celsius at that point. I got zero flare drop for that. Like zero. Right. And so that was crazy. So like a large percentage of airdrop that I should have got, I never got because it was on the wrong platform that, that crashed and burnt. And fortunately I'd moved my XRP off of that platform to another. But I also had it on other platforms. So, you know, I was able to get good flare drop through those. But if you had it on the wrong, it was a disaster, you know, at that point. But yeah, I like that too. You know, definitely, definitely important. You know, flare is making it up for now and it does. The potential is just phenomenal. Right. And so that's why we want to keep discussing the. Where they're going ripple great. You know, they are on the forefront of utilizing the xrpl. But flare went from this small, kind of unrecognized to where are they going? These guys are gaining momentum like crazy right now and they're doing things that nobody else is doing. It's like untapped, the direction that these guys are going in. And Hugo really has led the market really well. And one of the things that we said, like with the airdrop, some of the things they did early on, in early stages, I think Chip and I called it out a hundred percent accurately back then. And a big part of the airdrops and the community, we chalked it up to being young in this space, you know. So I said, you know, back then, you know, they were young. They were kind of an immature corporation at the time, trying to figure it out, trying to do things that were more like community friendly at that point. And those were some of their missteps was because they were young in entrepreneurialship in, in the, you know, in, in the market. And so there were some missteps and their missteps became publicly viewable mainly because of, you know, the fact that they were doing the airdrop. So but anyhow, we move on and we look at the direction that they're moving. Here's more markets chooses flare to power the future XRP yield Flare is Teaming up with more markets to launch the XRP Earn account, a new secure way for XRP holders to earn yield. This integration enables more markets on chain yield generation strategy on the flare market, creating a seamless XRP5 experience that is intuitive and fully on chain. So here's the more market Earn account. This was just dropped about a week ago. XRP holders can soon earn secure and onchain yield without navigating the complexities of multiple blockchain bridges or smart contracts. A user directly initiates XRP bridging process from their own XRPL wallet through a dedicated feature on more markets total. This is what it's all about, just simplicity. Let's go simple, simple, simple for mainstream adoption. Make things as easy as possible. Get rid of all the complexities, get rid of all the technology, get rid of all the tech in the forefront. Make it super UI beautiful. It's like, yeah, I just want to go on to the, to the platform. I want to be Fisher Price simple. I just want big buttons. I want it to be very obvious and I want to make it, you know, a seamless experience, just an intuitive experience for the user. If you go in, you're like, well, first you got to go open your wallet over here, then you got to go buy your XRP over here. Then you got to move your XRP from here to this wallet. Then once you get on this wallet, you have to go in and you have to connect your wallet over here. And when you bridge it, it's going to convert your XRP into a wrapped XRP and then you're going to have to move your wrapped XRP over to this platform. Then you have to move it over here, then you have to create the smart track contract. Then you're going to have to create the bridge. That's how it was, right? And they're like, oh yeah, everybody's going to be able to do this. This is going to be mainstream friendly. And then you start navigating this process. You can't explain any of that to anybody. It's impossible. There's no way you would ever get mainstream adoption with this. Now if you say, take your zombie wallet, connect it over here, go to your, go to your XRP Cafe, click the button in the right corner, connect your Zaman wallet, do it through a QR code, boom, you're logged in. Now that you're logged in, you can accept your transfer of your NFTs. That's simple, right? That's the way it needs to be done. Just super, super simple. If you Try to, you know, navigate through the, the zombie wallet and go even through that. Say okay, how do I find things? How do I get to my stuff? You know, could be complex. We want simple, simple, simple, right? Ray Juan. It's crazy, right? I want it Fisher Price simple. That's it. And so that, that's kind of where they're getting to. They're making it so easy. Look. The feature facilitates a payment from the user's XRP wallet to the F asset system Flares native bridge to initiate minting of xrp. From there the more market platform automatically manages a series of D5 strategies on flare such as lending or liquid staking FXRP with Firelight to generate real yield. All this happens. This, this is the key, this is how I know flair. These guys are so far ahead of everybody else. They get it right. They're totally finally like right on track getting you know, what they want to do and what the more markets wants to do. And you know, how these, you know, the concepts of these different entities are, are coming together to make it, to make it seamless. And this is, you know, more markets. All this happens behind the scenes. Ensuring the user's experience is as simple as possible. All earned rewards are automatically converted to XRP and paid out to the user's wallet. This collaboration unlocks new potential for XRP as a programmable asset, providing a straightforward and safe way for everyday users to participate in defi. Boom. That's it. If everybody does that, we're crushing it. If only one company does it, they're crushing it. But the market doesn't crush it. So everybody has to get on board with this exact idea. Simplify, simplify, simplify. And yes, Fisher Price Simple. That's what it has to be. Fisher Price Simple. Now Fisher Price simple can backfire in certain scenarios because then it could look cheap and you don't want it to look too cheap. You don't want big fat buttons. You know, where it gets too simplistic, got to still add the little nuance to make it look professional or, or high end. Make your buttons maybe out of gold or something, I don't know. Flare More Market partnership creates a unique and comprehensive yield solution for xrp. It's very cool. I love the value proposition on chain Non custodial gives XRP holders a simple way to earn really great Flare mechanics are handled entirely by more markets. So technology flare is the technology you wrap it with. More markets, more markets brings in the simplification. But they're identifying the vast solution that Flare is offering to Package this all up. So this is really, really cool. Secure bridging, liquid staking, institutional grade defy for security and compliance. These are all, you know, key words. Regulatory alignment, secure and transparent. I can't say enough for transparency. Security is great. Regulatory alignment. Obviously you need regulatory alignment. We're waiting on clear regulatory alignment here in the US have to have, you know, regulatory alignment. You have to have transparencies. Transparency is king right now. If you go do a bank wire, you have zero transparency. Zero. You, you process goes, you have no transparency after that. Does it get received? I don't know. I had someone sending me one. They're like, hey, double check. We tried sending to your dear wire and it didn't go through. It came back to us. I'm like, well, how's that? They're like, send it to us again. I'm like, I'm sending you the same numbers. You know, what do you want me to do? Here's the bank account, here's a bank wire routing, and here's an ACH routing. You figure out which one you have to use depending on what you're doing. But if you use the wrong one, it's going to kick it back. It's going to tie up your funds for 48 hours plus you're not going to be able to send it. You have to wait for your money to come back and then once you get your money back because it gets locked up during the wire transfer. Now it comes kicked back. Now we're a week and a half later, still don't have the money. Why? Because there's zero transparency. There's security. But you know, the, the transparency aspect, the broken system leads to lack of fund, right? So the liquidity on my end now doesn't exist. I don't have my money. They're still trying to send the money a week and a half. I mean, how absurd in today's day and time that I have to wait a week and a half to get, to get money. And the, and the system is broken and everybody else is using the same system now if I try to use the mail, the snail mail also broken, right? You can't wait for people to send you checks and you're gonna wait, I don't know, anywhere from a week to like three weeks to get a piece of mail in the U.S. it's, it's so absurd. Anyhow, you know, this, this is really cool. These guys, I'm so glad, you know, to see this kind of development and movement and stuff like that. And then as we Kind of go through flare. You look at their, their products, you know, here's and I was going through. So if we go through like their, you can go through their network, go to their website, go check them out, you know, because I really like, you know, everything that's going on. This is the Oracle, right? So if you look at products, the Oracle series, right? High integrity block latency data feeds. This is all the technology that's going on kind of behind the scenes right now with flare. Flare time series Oracle provides secure, fast and decentralized data over on flare. Got 90 registered data providers, 62 live feeds, three 38.8 billion or $970 million in flare staked average block time 1.8 seconds, right? Flare time series Oracle is an enshrined oracle that provides decentralized data feeds to flare. I mean very, very cool. Look at this, it just, it just moves fast, right? Very very fast technology. That's what we need, right? So obviously the XRPL fast but you need to also then have companies that are out there building outside of and having their technology and understanding the dynamics of the, of the technology. So here's the flare data connector over here. So secure reliable data from anywhere. I love this concept. This is why I love flare. I think flare has been on it, you know, right from the beginning. Smart contracts, they, they, they also want to integrate cross chain dynamic, you know, bringing in like Dogecoin and XRP and Bitcoin and, and once you go cross chain, that's the name, that's the name of the game, cross chain. I don't want to be centric to any one platform because there's multiple platforms out there, there's multiple technologies out there. Is there a use case and is there a purpose for one chain? There is. So like Ripple Ripple is building a solution to help streamline movement of money between institutions. We went through that. You don't necessarily need to be on multiple chains because you're talking about everyone incorporating into ripple, right? Into the ripple solution. It's a ripple net which is backbone on xrpl utilizing a stable coin. That's the RL USD. So their technology and solution is using a similar platform but they're also cross chained, right? Thinking about with ROUSD incorporating into Ethereum. So they get it, they understand the, the need for cross chain as well. And so as they start piecing everything together, we're going to see more dynamic of cross chain. Who was the first talking about smart chain that was or cross chain that was flare, right? So flare data Connector brings reliable, secure and verified data from other blockchains and the Internet to power smart contracts. So they're focused on smart contracts, whereas Ripple focused primarily on movement of money and the seamless transaction thereof. And then, you know, Flare definitely, you know, making some interesting movement here. Flare, xrp, Bitcoin, Dogecoin, Ethereum. I want to see a point where, you know, right now we review the one use case which was more markets, want to see more institution, utility and development and see exactly, you know, where they go. With Flare, the technology is being built. The concept is, is sound. Now we have to see real use, real time, build out of the technology with big institution. That, that's what we're gonna have to see. So here's the F assets, securely, explore, XRP5, Bitcoin, Phi and Doge Phi. Right? Bridge, trade, lend and stake for Greater Liquidity in 1D5 Hub. There you go, one hub, one platform. Make it Fisher Price simple. You know, just so you know, when we go in, it's like, okay, I'm building my smart contract, click, click, click. You know, I want to go, I want to trade, I want to bridge, I want to lend, I want to stake. Super simple. I want to create a smart contract that's going across these multiple different chains. Simple, simple, simple. You know, and maybe, you know, from a, from an independent user, you won't be able to do it. So simple. You need another company that comes along, wraps their UI technology around the flare. Kind of like more markets says, okay, I want to simplify the utility of these platforms. I'm going to create a solution for smart contract and you're going to be able to just drag and pull your, your smart contract and kind of build it and set it up or they'll have preset contract already, you know, utilizing different chains. Which chains are using your smart contract? XRPL or I'm going to use xrpl, Bitcoin and Ethereum. I want those three. Okay, boom, it creates it for you. Now you put in the players, put in your concept. You just build out super, super simple. Now your, your smart contract's complete. Smart contract is the future of business. I don't care. You know, however we look at it, I want to simplify business process through smart contract. Right now it's so complex from, from shipping regulation to receiving to the custody to, you know, if you have to put your money in escrow for a big transaction. And then if we go like independent transaction, kind of like small business, just domestic, you know, you still have some issue trust and there's all these different things that just are not happening, you know, right now within business that, you know, it's going to be, it's gonna be so great. You know, that's, that's the future that I see, you know, right now, you know, investing in some of the, the asset. Exciting. It's fun. We've seen the development, we've been at the forefront of the technology, we've been doing all this stuff. You know, we have good behind the scenes kind of looking at what's happening from a development perspective. And now, you know, we're getting ready to, to move into the direction that we have to go into. You know, banks are adopting. The banks have to adopt people in general. You know, they're. They want a bank, they want to have reliability, they want trust. They don't trust online. They don't trust, you know, a lot of the solution. It's going to be brick and mortar. Even though people are more accustomed to banking online, they still want to know. It's brick and mortar to a sense, you know, even Capital One, that was strictly like an online bank decided at some point or started rolling out brick and mortars all over the place. So they came up with the brick and mortar cafe and their banking is, is different. When you walk in a Capital One cafe, people want that level of trust. Like Coinbase, People still don't trust it. Gemini, people don't trust it. People are still trying to figure out, where do I put my xrp? You know, that was. Who was asking? That was Greg, you know, Orton, early, earlier. Greg was asking like, where should I put my xrp? I've got on Robinhood. Can I trust Robin Hood? Is that a good place for it? Like, people don't know. But if you said, hey, Chase bank, is that a good place for me to put. No one would even ask twice if Chase was the right place to put their crypto right. People don't ask, hey, is Chase safe from my money? People don't ask that question. People don't say, is Capital One, bank of America, any of these banks? No, because they're institutions, brick and mortar, that people have gotten used to. Now, if Coinbase started opening up, let's say Coinbase opened up a bank next to bank of America, and all of a sudden there's Coinbase banks opening up all over the country. People will be like, hey, I bank with Coinbase, you know, or I bank with whomever. Or Coinbase is going to buy bank of America, let's say, or bank of America buys Coinbase or whatever it might be, you know, things are going to change drastically. We're going to see that type of scale in the near future. That could be five years plus. But near future, you know, all things considered, you know, things are definitely changing. Which is, which is really good. It has to happen, you know, definitely has to happen. Which is, which is going to be good. Yeah. Mike says as is using the N. The ledger nano. Yep. So, you know, get a couple ledgers, which is also important things. Things are changing. Things are moving from where it was kind of playing around with it to where we're going. Where we're going is becoming serious business now. And it can't be, you know, kind of a, an anarchist kind of D5 environment. It just, that just isn't necessarily 100 reality yet or maybe never will be just because of a, from a trust perspective, you, you know, people still want the centralized component to, to the trust of, of where they put their money now if there's enough of us out there. But yet even with all the people invested in crypto, I think there's enough lessons to learn from that. If you're 100% reliant on yourself and technology, it's going to burn you in the ass. You're going to get burned. And so many people, you know, there's so many cases out there where people have lost huge amounts of money because of the fact that there wasn't a centralized entity that they could go to and pick up the phone and say, hey, help me out here. I can't, I can't gain access to my asset. I've lost a hundred million dollars in asset because I lost my seed code and I'm done. Right? The idea that one individual, you have to be a hundred percent responsible with no way to get your money out is super, super problematic. Right? So if, let's say we're using a ledger nano, you know, if you lose your ledger, you can go buy another one, you can plug it in and you can, you know, log in and that you could be all set. As long as you have your seed phrase, you lose your seed phrase, you're, that's it, you're done, you're not getting your money out. If you have a centralized component where you say, hey, I need your help, can you somehow go in the back end to get me my money and get me logged in then, you know, then that, that's kind of a component to it. And so that's where going to the exchanges to me is. From a mainstream perspective, that's what people are comfortable with. That's what the majority of the people want. That's what the majority of the people need. The majority of people don't even understand how to buy stock. How do you expect them to be self reliant on their own banking will never happen. I don't, I don't see it ever happening in our near future history maybe a hundred years from now in some utopia utilitarian you know, society, you know, where, where you know, somehow people are self reliant. But even then I, I don't believe it. I don't believe that in any point in our near future over the next course of a hundred years people are going to be 100% self reliant on keeping their own asset. I just, I don't think it's going to ever happen. There's always going to be a centralized control mechanism. People will try to, to store but even, yeah, even like with the web 3 there's going to be whether it's AI, I don't care what it is, you know, computerized, you take out all the people, you know, you can take out every human being from it. There's still going to be a centralized component that will help you figure out and how to navigate whether it's AI or what have you. There's going to be something in place and the more we get into the, the ones and zeros of it, the more we get into the AI and the web three of it, then you also have more oversight, you have more potential for control mechanism, you have more potential for programmability. There's the good and the bad, right? So there's a good and the bad With a centralized system as we have it now there was the good and the bad with the Fiat system as we had it and putting fiat in banks and knowing that the banks don't have 100% of your fiat, obviously a problem with that. But at the same time if I take my Fiat out and I go and buy something with cash, there's zero traceable record of my cash purchase. Now if I do the same thing with, with rlusd, is there something recording and monitoring my purchase with a stable coin? If I go to wherever, you know, if I go to XRP Plumbing and he's selling a car and I go buy that car from him and I transfer money to him via my RL USD account, is there a traceable record that I now bought that car from XRP Plumbing? But if I went and said hey here's 5000 cash I'm buying your car other than me having to register the vehicle. But there would be no specific record from the cash transaction side of it. Obviously has to sign title over and do all those things. Now imagine if I could go and say, hey, XRP Plumbing, here's the cash. And he can go online and click a button and the, the registration gets transferred to me. Because all that back end stuff is on the blockchain here. I'm putting the registration name here, put your thumbprint here. Boom. Thumbprint scan or I QR code scan with my Zaman wallet. Boom. NFT transferred. He sends me the NFT of his title. I've got the title. It then registers it with the DMV and everything is, is moved and completed just like that. There has to be some sign off at the DMV of, of acceptance, whether maybe that's through AI they can double check and reference everything it's through, you know, going to be recorded. You know, I mean it could be super, super impressive right from that side of it. Buying a house, you can do less than two hours, just complete everything right? There has to be that. There's going to be a centralized component that it has to flow through to do a double check audit of it to make sure that hey, I'm not stealing the house from this person. There's some level of safety check across the board. But things are, things are going to happen good and bad. You know, are we going to lose privacy? That that's the biggest concern with everything. So man, we talked a lot about all of this stuff. Really cool. So Fred is saying at some point this space will work like Amazon with all protection. That's it. You know, what else do we need? You know, it's like you think about what you can purchase on Amazon and be like, should I buy this? Is it going to be any good? Well, if I can get it shipped to your house, you know, and then check it out and if it's not good, what's the return policy? Oh, I have 30 days to return it, you know, and you get it. You're like, no, this really sucks and I'm sending it back. You know, that's really, really great. More Monkey said all the best coins will end up on the S P500. It's, that's the direction. I think there'll be a separate exchange. It'll be called something else for the, for the assets, kind of like fx, you know, there's going to be specifically a crypto component on, you know, to Main street because the Main street really, they really need it. The world is a business that it's, that's all it is. Doesn't matter the politics of it, the, the violence of it. Everything is a business transaction. Exactly. Exactly. Jim D said I could really use an AI bot, bidding, buying service, brand new car. Exactly. So imagine you can go to your, your agent, your chat, GPT agent, be like, I want to buy this car. Here's the parameters of what I'm looking for. Here's what you need to research. Okay. Okay, bot, I want you to go back into Kelly's blue book. I want you to look up the, the VIN number. I want you to do search on the VIN number, look through every record, you know, if you have to buy to get release of the record. Here's my credit card. I want you to go in, register, get, get full details, go through it, make sure the car is in pristine condition, doesn't have previous accidents, blah, blah, blah, whatever. Make sure that they have clear title. If they have clear title, here's the value. You, you know, if the car is in X condition, X miles, X whatever, doesn't have full service records on it. Okay, here's my, here's my bid process. Here's how high I'm willing to go, go buy my car. Go look at it from a national perspective. Look for every Ford, you know, whatever that, that's out there, and go and go, you know, find within my criteria. Dude, Jim, that would be amazing, you know, and it would totally avoid all of that. Or, hey, I'm looking for a new cart. I want you to go sell, scour the Internet, find the one and make the phone call, call, call their, call their, their number. You know, I want you to call in and have a conversation and find me. I want a, a brand new 2025 GMC Yukon. And I want you to find me the best deal. Don't care what color it is, you know, don't care what kind of wheels it is. These are the features exactly that I want. Make the call, get the best deal and then, and then send me, you know, the top, the top three for me to call. Boom, done. They do all the phone calls, they do everything. Dig in, drill down. It would be awesome, awesome stuff. Yep. I love it. I love it. So, and then buy it on the Gemini XRP card. So you get XRP back to boot. So do we need, we'll probably need. Will we need digital IDs? That's a good, that's a good question too. How are they going to digitize our IDs? And our. Verify our identity. Well, they're doing it already through. Through the Zaman, so. All right, let's. It's about that time we have, man. I had so many other things stacked up, and I realized my phone was charging on that side, so I'm gonna have to go get my. I have to go find my. My phone. But in the meantime, let's. Let's go through this. I thought this was a cool video. You guys might appreciate it. They were losing a few people here. They're like, man, gone over an hour talking about stuff and got to get back into some cool stuff. I don't know if you guys saw this. Let me see if I can pull this up. You guys see the. The narco terrorist boat getting blown up? It's our new tactic here for tracking down stuff. Let me put this up here real quick. I don't know if you guys saw this. Do you guys see this? Look at this. I don't know if you guys saw this. Look at this. That drug running. Look at those engines, man. Four engines on the back of that boat. That thing's all an ass, right? They're tracking it, tracking it. Boom. Look at that. Done. Imagine, you know, I. It's. It's great. It's just so great that that's exactly how we handle terrorists, you know, it doesn't matter where they are in the region, you know. Yeah, I don't know what was on the boat, Jim. I don't know what they're going after. I don't know what they're targeting. But, you know, if the. Whatever it is. International waters, but that's okay. Yeah, I think there's people in there. Believe there's people in there. I'm going to take it at face value that, that, you know, that it is what it is. The point being, if it is what it is and we're taking the. The fight to them, doesn't matter international waters, I don't care they're coming to our country. If they have the. They have the track record a terrorist. If they're tracking terrorists around the world, I don't care where they take them out. Doesn't matter to me. Doesn't matter if it's international waters, I don't care if they're in country. Doesn't matter what part of the world they're in. You go after them, you take them out. That just. That's just the. The war, you know. Take it right to the right to wherever they're at, you know, that's how you Take out terrorists. Now if they're drug runners, whatever, if they're labeled terrorists, they're labeled terrorists. You know, however they take them down, we don't have a clear. That image. You can see, you know, multiple people in that boat and, and it's done. So that's it. You're, you're trusting design is hijacked United States? No, I don't, I don't agree with that. I think that you're 100% off course. I don't know why you bring Israel into everything. The US has its own government, has its own influence, has its own impact, has its own media, has its own propaganda, has its own politics. There's zero connection, there's zero control coming from Israel to the U.S. i, I will never ever believe or agree with that. You know, and it's just a fact on the ground. The U.S. is the U.S. and the U.S. dictates is the sole hegemonic power of the world, doesn't need to be regulated or controlled by, by somebody else. And APAC does not have anything. They don't run the US they don't run the politicians. It's one small lobby group that operates on, you know, by us Americans that, you know, run or operate a pack to gain support for Israel. Just like there's a whole bunch of other packs that support all these other countries. It's a public affair committee, It's a pack. There's lots of packs and there's lots of lobbyists in Washington. You're just singling out the one pack because, you know, they're, they're supporting Israel. That's it, you know, and they're supporting cause to say, hey, you know, here's why you need to continue to support Israel. APAC has zero control over U. S. Policy from that. Outside of all of that, that's just too much. So they might, maybe it might have been, you know, they didn't pay their tariffs and they're trying to circumvent tariffs. That's a possibility. Could you imagine though, you know, if now, you know, you. We're looking at, dude, it's crazy you think about the, the amount of tariff. Now the one thing I have to say is that, you know, are tariffs having an impact on business? Tariffs are, I'm definitely 100% seeing the impact on, on our business, you know, and that's, and that's, you know, problematic. Are the tariffs at the end of the day, is it a, is it a game? You know, it. Are the tariffs, you know, working to really control what's happening, like from a, from a trade negotiation perspective. But I'm looking at, you know, some of the product that we work with comes out of Switzerland. Switzerland right now has a 39 tariff. 30. They started with a 15, now it's 39. Guess where the cost of goods is being transferred. Our cost of goods are going up, you know, 39 from the, the product we get from Switzerland. I get something out of Germany. Our, our product cost went up by 10, 15%. And then, you know, the conversation is that, oh, there's going to be some shared, shared expense that, but 39 out of Switzerland, 15 out of, out of Germany. We have some stuff that's manufactured over in China. They have not, they actually haven't even changed the, the price point on what's coming out of China, which is shocking. So I don't see any increase. That just tells me that their profit margin and their cost of production is really, really low. And their margins were already really big, all things considered. And so, you know, have to navigate what that looks like. But they had a huge increase in, in tariff. And I go country by country, there's, you know, some other product that is coming in, but for the most part, like our two bigger ones, 15% and 39%. The Swiss tariff, that was the biggest surprise at 39. And it increase, it increased a little bit at this point because there was already inventory in the US So now as we get past that threshold of existing inventory to new inventory with a new tariff, I'm not sure how that, how that plays out exactly. So the question and what we had to negotiate with the, with the manufacturer is basically, hey, don't. If, if you're going to increase, you're increasing on your cost of import, not our cost of, of wholesale cost. You know, we shouldn't have to pay vendor cost at an increase. Based on my previous cost, it should be on your cost of import. And if you're going to increase and it's 15, we'll, we'll share it seven and a half percent each. If it's 40% or 39, it'll be a 20 increase, but based on, on their cost, not ours, you know, which is just way too much, you know, so. All right, let me, I gotta go get my phone, which is sitting on the other side of the room here. Let me see. I don't want to just have a blank screen here. So give me a minute. Let's play this one more time and then I can go out and get it. Be right back.
- [79:52]
D
Are you ready? Lads and lasses, to win yourself a badass yeti. Oh, it's clementalist Whit Skuller bold and free he drinks his ale he tells his tale and fights for you and me. Get yours a man, walk it Ready? Eddie is the word so lift your pint a toast, a cheer to the mentalist, a scholar we all drink on the chain your coast, all the super intelligent viewers. And don't forget that this whole thing's rigged on the chain. Badass Yeti born for battle, made for legend Claim yours are being forgotten. Badass yeti is on the chain.
- [81:07]
A
All right. And we're back. There you go. I like that, Zober. Invest in yourself. No one else will. That's 100. Correct. Nobody else is going to invest in you. That's why you got to invest in yourself. And to make sure that you invest in your knowledge means that you got to do your own research. That means that you got to make sure that you're looking out, you know, and keep. Keep learning, keep studying, keep reading. And don't just read. Don't just watch. Get out there and do that. That's all I can tell you. You know, you got to get out in front and. And see what's going on in the world. You got to go meet with groups or go see them face to face. Go experience it face to face. Because that, to me, is. Is really massive, you know, that is really, really impactful when you get to experience. Experience it. So. All right, how many yetis do we have in the. In the drawing right now? 14. 14 yetis. I'm really surprised that we only have 14, but we're gonna roll with that. We're gonna get this going. Is getting a little bit late. So between that and some yeti suds. That's right. And I think this. This giveaway might be a little bit rigged. So we're gonna find out. We're gonna roll this here in one second. Let me share the screen. And then once we get this shared here. Waiting for. I was waiting for my phone to turn back on. My phone died, like, right before I. I thought it was charging overnight, and it wasn't even plugged in. So there you have it. That's how it rolls. If you don't plug your phone in. Apparently doesn't charge, so. All right, where. Where are we at here? Here we go. I need. Nope. There we go. All right, let's roll this. Let's see who the winner is going to be today. More monkey business. Now the question is more monkey business. If you're still here. More monkey business. More monkey business. I saw you earlier. You were commenting earlier. Are you still logged in? Are you still doing your thing? Are you there? More monkey business. Yeah. Dead phone is a great experience. Paperweight. You know what it was? I sat down and I opened it up. I'm like, oh, 2%. 2% goes to zero. Very, very quickly. It didn't last very long. It was very quick. All right. More monkey business. Going once, going twice. All right. Unfortunately, more Monkey business might have already left. More Monkey business isn't here. So you know what that means. We gotta roll again. And we're gonna roll again right now. So we've got 194 people watching between YouTube and X. YouTube dropping like flies. I don't know what's going on, but we're about to draw again because I don't see more monkey business. You know what I should. I'm gonna open up. Which should have. Had. Should have opened up on YouTube here. You know what I should. I'm gonna open up. Mute the volume. Let me open up over here. Just in case. Just in case I'm missing it in the live chat, which I'm not. I see no more no monkey business. So you guys know what that means. You get the roll again, we're gonna draw it again. No monkeying around. Meditations. Is Meditation still here? I saw Meditations pop in earlier. Meditations is still here as of 4 minutes ago. Meditations looks like you're the big winner of. You gotta make sure you say that. Let us know that you're here and get ready to drop your Z into chat. We can get you all set up here with the bad Eddy. Older. Older.
- [85:52]
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On the.
- [85:54]
A
Come on, where you at? Hopefully you're here. Meditation. Meditation. Oh, Meditations isn't here. Where is Meditation? We might have to roll again. But Meditations was here, like, two minutes ago. So if Meditations was commenting like, two minutes ago, hopefully Meditations are still here. I gotta get my giveaway screen and then we will. Let me cut this music off in the background here. There we go. All right, Meditations. If Meditations isn't here, then you know what we need to do. How do you register? Just type in yeti. And as long as you have Mike. As long as you have a Zaman wallet. If you have a Zaman wallet, you're going to drop as soon as you win. You basically drop in your. Your Zaman wallet address once you win. Super simple. You already registered. You hit. You typed in yeti. You're now registered since it looks like meditations left already. So what happens if we drag this out too late? Then. Then people leave. They're like, oh, I'm not going to win anyways, so here we go. I'm going to roll it again. You know what? Let me. Let me hit a refresh. Oh, I can't hit a refresh. I'm just going to draw again. All right, here we go. Yeti. Yeti. Yeti. Type in Yeti Reborn John. Type in regular Yeti. Just type it in real quick because we're about to. Oh, yeah, I've been. All right, so I'm looking here. I just want to double check the meditations didn't say anything. I don't see anything in the live chat. All right, here we go. Getting ready to roll one more time. Come on, guys. Come on. Time to win a badass Yeti. Oh, I forgot to share my screen. Crypto whelp just won, and that wasn't rigged. Ah, I thought I was sharing my screen, but here you go. Here you go. The winner, crypto whelp. Crypto whelp hasn't won in a long time, and I'm sure it was definitely rigged. 100 rigged. Being I wasn't sharing it, but I got to watch the excitement. I watched all the excitement. But crypto Yelp. What's crazy is crypto Yelp has, like, been fork. He'll forecast ahead of time. Throw in that Zaman wallet. There it is again. Zaman walleted up. So crypto Yelp, welp, crypto Yeti. There you go. There you have it. The Yetis don't want to leave their home. I'll tell you what. You know, Yetis definitely want to make sure they're staying put. So crypto welp. Let me. Let me type you into the. Into the spreadsheet here. We keep track of all of it just so we know who won, who didn't win, who got the excitement. Now, badass yeti number three 95 of the blue tribe from the Clan mentalist. Today is September 6th. Document that. I can't believe it's September. It's almost January. Crypto welt, do me a favor. Throw in Charles. Charles didn't win, so it was 100% rigged, unfortunately. But crypto wealth. Throw in your x. Right? Check. 100 rig, but check is that is flatliner. You might have. But I need your. I need your. Your X. Your X handle. I don't even see you here. Honestly, Flatliner. It's been a long, long. There's reborn John man It's it. Everyone's got a chance. Everybody. There he is. Crypto. Welp, damn. It's a long time ago. I need your. I need your X handle that I do not have for some reason. So throw in your X handle into the chat. There it is at crypto. Well, sweet. All right, let me get that in here and let me transfer this to you, and then I'll. And then we'll all go our separate ways and have an amazing weekend. But I'm going to transfer this bad boy over to you in one split second. I was. Let me grab your. Your Zaman wallet address. I'm gonna put your Zaman wallet address in here and we're going to quickly transfer this bad boy over to you. So going to open up. Let me open up the Zaman wallet. This is how fast it's. It takes me longer. The thumbprint open Zen wallet and. And get everything set up. Now there's an update it wants me to update. I can't do that right now. But this. How fast now I'm going to scan. Once I scan it, I will accept on my end. So let me slide to accept that I'm transferring this bad boy over to you. Thumbprint, except on this side. There you go. Now it's been submitted and just like that, transferred. I didn't even get a chance to show you that it was successfully transferred. But crypto, well, is now the proud owner of Badass Yeti3.95. And with that, have a great weekend. Everybody that's still here with us. All one of you that are still logged in crypto. Well, that's it. And. And that's how we go. So we will check you guys out tomorrow night, 8pm Eastern Standard Time only, right here on the chain global podcast. I'll check you guys out on the next one. If I can even find where our outro is. There we go. Jeff out. Are you down with otc? Please, like subscribe and click the bell to be notified when the next video drops.