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Jeff
Welcome to on the Chain. This is Jeff here with co host Chip. What is going on, everyone out there in the on the Chain community. What's going on? Ship, Good to see you. Good to see everybody joining us. We got an amazing show because tonight on the Chain we're looking at a series of developments that show the global system may actually be starting to crack. Now this is going to be interesting. Ripple and the XRP infrastructure continues expanding and as real world utility begins or builds, continues to build flare. Actually, man, they're, they're doing things that are just unimaginable. And we see the introduction of the smart contracts, the smart accounts allowing the XRPL users to access smart contract functionality. This is really great. On the XRPL ecosystem. Coinbase pushing deeper into financial markets with new trading innovation. Meanwhile, regulators in the banking lobby are fighting so hard to maintain control. At the same time, Chip, you know what's going on. Geopolitical tensions across the us, Europe and around the world are exploding. They're exposing serious fractures in the existing ecosystem.
Chip
Yeah, and the big question for tonight is the old system breaking while crypto infrastructure rises? Let's find out. Welcome to on the Chain. Oh, oh, oh, oh, oh, oh. Drinking the espresso. Having some drink. Beverage, guys. Where are you coming in from tonight? Is it espresso number one in here? Beautiful art on the lake is in here. Everybody else will be piling in here pretty soon.
Jeff
Give a shout out where you're coming in from.
Chip
Where? Hawthorne, Florida. Right there. Oh, Belgium. Right there. See, it's a world audience. I love it, I love it. I really love it. I really, really do. It's fantastic. Let's just jump right into it. Let's jump right into it, shall we?
Jeff
Right into the deep end, shallow end.
Chip
So what I'm, I'm really liking, I mean we've seen. I'll pull up a post by Hugo Fillion from, from Flair. And now I'm gonna. We're gonna pull up a post by Luke Judges and Luke Judges is the middle management over there at a, as he says in his, on his description, a bank called Ripple. I like you calling the bank on his own thing, says it's his own opinion. But this is interesting when you start seeing this from crypto leaders and you start seeing them just kind of speak the truth. But here, look at this. Luke Judges says now there's a story here about. It was on Sky News, UK NHS hospitals urged to reject a 330 million pound data platform partly owned by a Trump ally. So Luke Judges Says, yeah, reject efficiency, choose idiotic bias. Right? So and so if you dive a little bit deeper to see what this story's about, Jeff, this is what it all comes down to. NHS hospitals are being urged by a group of doctors, Jeff. Human rights groups and campaigners to reconsider using a major data platform built by US tech giant Palantir, whose owners include Peter Thiel, a close ally of US President Donald Trump. Come on, Jeff, really, I mean this, I mean this. These people can't even defend their country and they're whining like school children, like school girls. School girls are tougher than this. Peter Teal, meanwhile, one of the, one of the biggest, best, almost dominant platforms in the entire world, but just reject it because, oh no, Orange man is Palantir. This is crazy. A 330 million pound solution. But who's telling them? The hospitals? Is it the, is it that we, the people? Is it Britain's?
Jeff
No, by a group of doctors.
Chip
They want doctors and human rights. I mean, this is how pathetic this story.
Jeff
A what does a doctor know About Data Platform 2? What does a human rights group know about data platforms? You put them together and you put them in to a government controlled medical ecosystem and you get a net zero of any kind of education or knowledge whatsoever. Not questioning the, the, the medical knowledge of these doctors over there in that medical, government controlled ecosystem. But I would, I would question any knowledge outside of the medical space. I don't know, that's just me. I mean, they're the ones that are okay with socialized medicine. So that you already have to question other morality at that point.
Chip
Well, here's the funny thing about this, like, who is this really designed for? If you think of who the benefactor is of a system like this, it's designed to bring together information from across the health service, no matter where you, where you go, so that hospitals can analyze it more easily and improve how care is delivered. To who? The patients. Right. You know, Britain's right. I mean, but no, no, no, no, no. We got to reject efficiency. And this is what I like about Luke Judges saying I'll reject, you know, just to go ahead and endorse bias. It's pretty pathetic. Supporters of the technology already helping the NHS treat more patients and manage pressure on services. But however, Jeff, the critics, yeah. Argue that more patients, they argue that it raises wider concerns about privacy ethics on the role of large technology companies in handling sensitive public sector data.
Jeff
You know what's stupid about that?
Chip
What's the issue?
Jeff
What, what, what's stupid about that? Out of the gate is that these large companies are already managing privately people's information, people's data. Think about aws, think about Google infrastructure. They're doing it private, you know, maintaining privacy. Beyond that, you go into the medical ecosystem and there are certain systems. You have all sorts of infrastructure that's built to maintain patient data and, and also patient imaging and all their files, all the information, and a lot of it goes into cloud storage that's then hosted on platforms like aws. And you have these massive infrastructures that are tying hospitals and practices together. And none of that, none of it is by government or controlled by the hospital. It's all out there going to private companies. So these people are obviously showing their, their political leftist, fascist, socialist lenience leanings, you know, then. And it's just, it's amazing, it's amazing to me how stupid they sound. These critics sound so stupid when they, when they make statements like this, knowing that these tech companies are already controlling all of their data. Not, not some of their data, 100% of the data, you know, not. And so just because another company is stepping in with some new technology that's going to make it more efficient, now all of a sudden, hey, we got to stay away from these large, large tech companies. These leftists are just dumb intelligence left in the leftist argument. It's just dumb right out of the gate.
Chip
Well, the difference between the left and the right, like, we're always, on a daily basis, we're dealing with friends, dealing with family, people that are like, that's their beliefs. You go like, yeah, okay, or whatever. You don't believe it's. But no, no, they, they got, everything's got to be canceled. It's got, you got to stop. And they start off if you can't do this because we can't have this kind of efficiency. Right. Devon, Steve's bringing up something good. He says eventually they'll decide if we, the patients align with their beliefs as to whether we are treated or not. And you know, funny enough, you say
Jeff
that that's a really good.
Chip
Because that happened here in the US A nurse did one of these tick tocks. He went on there saying, if I find out somebody's conservative, I won't treat him. I won't even talk to him. Well, guess what? Fired.
Jeff
Yeah, you don't, you don't, you don't go along with that. But, but it is very interesting because of the fact that those governments do dictate which, based on political policy, which patients get what type of treatment, not based on the doctor not based on medical necessity, but based on politics. And it's already happening. It's been happening. That's the, the fallacy of socialized medicine, that everyone's like, oh, it's free. Okay, you know what? Free comes at a cost. Nothing in life, nothing, zero. Nothing in life is free. Maybe the air you breathe is free. I'm not even sure about that. But nothing comes at zero cost. There's always a cost to it and that's the biggest cost. You sacrifice everything.
Chip
Look at this. In 2023, NHS England awarded Palantir the contract for the platform. So this seems like it's been in use for a couple years now. It was already that worth upwards £30, right? Company says its technology is already improving how the service functions. So they're already getting. They're seeing the benefit of it. But oh, no, no Palantir in the nhs. Look at these people.
Jeff
Is that even real? Palestinian flags.
Chip
Now look on the left.
Jeff
Of course. Well, that if this, this has got to be AI. Is this for real?
Chip
I mean, it has to be.
Jeff
Is this for real? Are these real people?
Chip
I don't know.
Jeff
This is just getting dumb.
Chip
Palantir arming genocide, okay?
Jeff
These people are just dumb.
Chip
There's no contract.
Jeff
Palestine, throw them out.
Chip
This is just free Palestine. Look at this. I don't know when this is from, but this cannot be real. Oh, it's a 2023 protest. Okay, so that makes a little more sense because I was like, okay, the Palestine thing's over. Okay?
Jeff
Although still they've been protest. They'll keep protest.
Chip
However, the deal has been strongly criticized by some healthcare workers and campaign groups like me to act, who have published a briefing urging NHS bodies to reconsider adopting the platform. This is just. This is not so negligent, man. This is so ridiculous. And you know what? Kudos for Luke. Judges to call out, reject efficiency, choose idiotic bias.
Jeff
You know, graduates from the leering center. That's right, all of them, 100.
Chip
You know where that's located? Six Mile in Lebanon. That's a pretty excited. That's right where the liver. That's right where the learning center is. The learning center.
Jeff
The learning center.
Chip
The learning center is right over there.
Jeff
I love the leering center. Leering center is pretty cool.
Chip
Everyone loves.
Jeff
Hearing is great.
Chip
Learning is fun. Who doesn't love leering? Learning for everybody. Layering's for everybody. I'm sorry, Learning.
Jeff
Imagine being. That's what you do for a living saying, oh, I'm a professional protester. I'm A consultant, I'm a professional.
Chip
They make 75 to 100k a year just showing up and they get their orders a lot of time.
Jeff
I love when you think about that.
Chip
They go up and interview like why are you here? And they like, they look around, they're like, I don't know, someone told me to show up. Everyone loves, everyone loves leering.
Jeff
So Devon Steve said nhs, NHS is not free. We pay for it with our national insurance, a type of tax. Of course there's a tax but the average commoner, you know, the leftist common person doesn't really understand the whole taxation part but actually they want to tax you to death, you know, so you try to break it all down. It's only free at a point of use, but it's being. So it's not even free at point of use because you're actually paying for it in advance. So you're pre paying for your medical care because through taxation. So it's not. Your taxes are ridiculously high. So they can create a medical system that's completely inefficient, that's completely politicized so that if you need to get imaging or you need to get surgery or you need to go see a specialist, you have to go through a series of, of hoops and, and you know, prove whatever cases in order to get to your specialist, in order to get to whatever you need. It's so crazy.
Chip
Did you say series of poops or loops?
Jeff
Series of hoops.
Chip
Oh, hoops. Okay. I knew it was something hoops and I knew it. Ryan would hoops. So you know, speaking of Flare, Jeff, you know, more utility for XRP with even less friction. So Flare's rolling out these things called smart accounts. They're designed so users can basically transacts on the XRPL while Flare handles some of the smart contract layer underneath, expanding over time towards Flare functionality from the xrpl. So Hugo Philly on here's an e, a little video kind of a from a presentation he was given and it's a keynote taken from the XRP Australia that we did not go to this year. But we were there last year, we were there the previous year. I'm seeing it.
Hugo Fillion
So here, here it is, effectively using Flare with your XRP and potentially other assets from the XRP ledger over time without ever having to touch Flare. And it acts as a remote control for Flare so you never have to touch Flare. You don't need to own Flare, you just make transactions on the XRP ledger. It uses Flare's data protocols to pick up those transactions and it submits it to a controller account on Flare. So this means effectively the UI for Flare with regards to XRP is pretty much the best UI you will get for any use case of XRP off of the XRP ledger. It's non custodial, it's secured by Oracles and we're using it in order to build new products and effectively a yield product. So today we launched this with Zaman and we've already seen, I think two and a half million dollars of additional XRP onto Flare with one functionality right now, only one you can deposit to the upshift Vault, which is a yield product. We will be increasing the capabilities of the accounts over time so that eventually you'll be able to do any transaction that you could do on Flare. You'll be able to do it directly from the XRP ledger.
Chip
Amazing. It's such great utility for that. You know what's funny is I noticed something interesting yesterday when Chris Dangerfield was on talking about, you know, his experience around the xrpl but also, you know, the security course he authored and he says it's funny the way we pronounce, we say Z Man, they say Zaman. Did you notice he said that yesterday? Z man. Like it's a man named Z Z. We say Z man.
Jeff
Here's a man.
Chip
Z man. Use a man. He's a man. Right? So it's like. So I was like when he said that and then I just Hugo said that too and I said okay, we
Jeff
are pronouncing it correctly.
Chip
What's interesting about Flare is like it's really one, it's you know, having its own chain and having its own protocol and having its own token, but being so integrated into the XRPL and then creating so much utility for xrp. What's cool about it is he said that that is going to be foundational with their yield product. Right? So with your Flare, with your xrp actually you'll be able to earn yield on your XRP and it's going to be in your Zaman wallet. You don't have to on the wallet almost every time in every scenario. And there's great stuff out here. We're not telling you what to do, we're not seeing, but there's always a little bit of risk if you have to move your XRP someplace else that's not under your custody. Right. If you move it off your, your out of your wallet. And the deal here is you're gonna be able to earn yield and it's going to stay in your wallet and it's gonna be like a sort of a one click participation. That is something revolutionary, not even evolutionary. That is something brand new and it's great. The utility, totally different. And of course for three years we got airdrops that ended in January. But for three years, every, based on the snapshot they took three years ago, you got drops of flare every single month.
Jeff
No, it kills me. I never got my airdrops for the XRP that I had put onto Celsius.
Chip
I had the same problem on another platform where I was the bulk of my, you know, and it just had
Jeff
a bunch over there too.
Chip
And they said, sorry, we were not participating. I'm like, I hate you guys. Because that would have been a lot of flair for me me. But whatever, man, it was free. I'm not gonna lose sleep over it.
Jeff
Even though I want Coinbase Uphold and then Bitru and then Celsius.
Chip
Yeah, I mean you got, you got double whammy by Celsius. But didn't they just, didn't they just do another distribution recently?
Jeff
Yeah, they did. So, you know, all, all things. All things, you know, kind of being, you know, equal on that or as you, as you laid out first distribution, they gave us 60%. 60% of whatever we had at the value at that point. So every distribution moving forward is based on the valuation when they shut down. So we're getting distribution bringing us closer and closer to like a 70, 80% cash out based on the valuation back then. So considering you lose the valuation of Bitcoin back then versus what it is today is a little bit different.
Chip
You're losing your yield there. But that's okay. I mean like, hey listen, at least
Jeff
you're getting money back.
Chip
Yeah, at least you're getting it back. And that's 100 more than what happens with most time when that, when that happens there.
Jeff
So yeah, yeah, I didn't, I had no XRP and Celsius.
Chip
I got any Songbirds Flair. Yeah, the song. Well, the thing about Songbird was Flare decided to do a test net and have people try to break the system. Hackers come in before they went live. Which is a really smart idea because if it goes live and there's a problem collapses, the whole, the whole, all that time, it's a couple years ago is into up in dust. So that's where a lot of these other platforms said look, we, because it's dev work for them, right? They got to have developers work on it. They're like, look, we agreed to the flare drop. We did not agree to Songbird. So a lot of times people did not get the Songbird, which, let's face it, it's really, it's not worth anything today. I mean, it was worth for a little bit, but. Devon, Steve says, Jeff, me too. I didn't get my flare from Celsius. Luckily I'd moved XRP off about two weeks before it went down. Look at you, man.
Jeff
That was. That's a good move. That's cool. I'd put my. Yeah, I put my XRP over there just to get, you know, move. I'd move different platforms just to get the flared drops. But then I moved it off as Celsius. Celsius crushed me on Ethereum and on Bitcoin. That was. That was brutal.
Chip
Yeah. I mean, because you would have gotten the, you know, you didn't, you didn't get the run up. So I don't know what it was that. When. At the time, but again, at that time it wasn't very high. So you lost a little bit of that. So, Jeff, the Oscars are taking place and I never watch them. I like to watch the clip because the woke Hollywood gets up there and starts preaching to us like we care who they are.
Jeff
They're so irrelevant.
Chip
I care more about my neighbor who I don't even know, like his opinion. I don't even know who these people are. But they get up there and they, they whine. And there was, There was a story in. I think it was a Wall Street Journal. Oh, it might have been New York Times. New York Times said that. That they hope they're more political. They don't think. They don't think that these award shows are getting political enough. So you gotta. This is interesting from Coinbase, so talked about a little bit about the Oscars here. Everyone's always ahead of the story. You see that Coinbase kept the Songbird. Well, I don't know if they kept it. I don't think they ever did anything with it, to be honest with you. I don't have time for that.
Jeff
I don't know what they did with it.
Chip
They just didn't mind it. They didn't do anything. So I don't.
Jeff
Where did it end up going?
Chip
It just. They just said, look, we agreed. We agreed to do the distribution for Flair, but then you threw something on top of it. And they're like, we didn't agree to that. We're not going to put development power on that. And it's perfectly fine and Songbird is worthless anyway. So what's the point? Now this is interesting when you see something from Coinbase that says Hollywood's biggest night is here, obviously. Oscar night. Best actor, best director, best pitcher. Trade all three cat at 23 categories and track the latest updates. So they have a prediction market there, you know, like a Kalshi type of a thing where you can actually trade the Oscars and, you know, prediction markets over there on Coinbase. And what's interesting is that what's kind of cool about this whole thing is that you got to remember they started out just as a crypto platform. Right. This Brian Armstrong, the CEO, said, everything you need in one app. And then here's the famous meme with the guy. One, the red button is use eight different financial apps.
Jeff
Yeah.
Chip
Or the blue button, which put the Coinbase logo on it, is use Coinbase. And it was like sweating, trying to figure out what to do. You know, it's like, it's fantastic and it's true. So there you go. Push the blue button. Push the blue button. So. But it's amazing to see how they've grown stocks. And so it does a lot. There's a lot that happens on that platform now. And it's an SEC regulated platform.
Jeff
Yeah. It's publicly traded.
Chip
Yeah.
Jeff
There you go. I wonder what Coin is at now. I haven't even not invested in coin.
Chip
I didn't invest in coin either, but it's probably doing well.
Jeff
Not sure what it's at.
Chip
Let's see.
Jeff
Take a look here. 195. It's up 1%. There you go. Just for the day. For the 24. Let's go. For the one year, it's up 3%. For the five year, it's down 42%. Since its inception, it launched IPO'd to the general market at 342. Right now it's sitting at 195. It's a low point in 23 was $35. 35.
Chip
How did.
Jeff
How did we miss that? December 23rd, 2022, we missed a bottom of 35 on coin. I mean, I wasn't even paying attention to it at all. Like, zero attention paid. And it was 35. That would have been a good buy.
Chip
It would have been, but 35 bucks seemed like a lot. The last Oscars that Mark Smithson watched was Gene Hackman winning for the French connection in 1972. He believes Gene Hackman just passed.
Jeff
That was the last one you watched?
Chip
Yeah. Coin tank. Yeah. The good thing is if you want to get your tank, if, if let's say, let's say if tomorrow XRP rockets to $10 and you have a pretty good stash on Coinbase, better you better convert it to a stable coin because you're not kicking off. Coinbase goes down every time people try to move this stuff. Oh, we're having problems every single time.
Jeff
Every single time there's there was a run up. No, you couldn't get anything moved over there.
Chip
For you non OGs, the first run up from 2017 to 2018 when, when XRP went on a run was on the rumor the Coinbase was going to list XRP.
Jeff
Oh, that's right.
Chip
It went right up past $3. Right on a rumor. If you imagine that type of rumor moved it that much, meanwhile they can say like, well, ripple controls the entire financial system and it tanks. You know, it's like, it's like almost any good news is going to be a little bit of a tank for xrp.
Jeff
Well, when Coinbase finally added xrp, it didn't, didn't even matter.
Chip
I think it went nobody, I don't think nobody. Alex Thorne says if, if the Clarity act does not pass committee by the end of April, the odds of passage in 26 become extremely low. This needs to hit the Senate floor early May, four times running out and odds diminish every day it passes. The framing right now is that the dispute is over stable coins and you know, John Thune is an absolute disaster. I hope somebody outs this guy. You know why they let another rhino become, you know, you know, the, the majority leader. I, I just, I don't understand. The Senate is just riddled with just rhino. And John Deaton put this out. He said the bank lobby has way too much power in Washington. They brought career politicians for way too long. Why did my political opponent Ed Markey, who he's running against for Senate, vote against the Genius Act? Would it surprise you that bankers and Wall street are his top three donors in entire career? Of course bankruptcy industry won't be donating to my campaign over at Markey. You can help me by donating today. And so you know, look, I mean putting John Deaton Senate, it's going to be very, very valuable to have him there. You know, did Jeff and I agree with everything? No, but I think this guy will always do the right thing. He, he's been on this show, he's a loyal kind of a guy. He'll do the best for the people as he sees Fed and he's not, he's a guy that can't be bought He's a guy that can't be swayed. He has strong beliefs. And. And that's the banking cartel. It's. It's running out, though, man. It's running out. And, you know, if the banking cartel really wanted to have gains and really make a lot of money, what they would do, since banks can custody crypto, they would all work out deals with exchanges or buy an exchange, then they would go ahead and offer to custody your crypto, because most people aren't. Aren't going to be comfortable with a little thumb drive with the 24 seed words that have to be exactly perfect and put in if you want. If something happens, your thumb driver, you need to repurpose that onto a different cold storage wallet. And then you had to put that in a safe place for six or 10 or 20 years or whatever it is. And then software upgrades all happen the way they were supposed to and then be able to access that. Most people aren't willing to do that. That's why most people don't get in crypto, because it's not easy. It's like, oh, go ahead and buy it on this exchange or buy it in the app or do a swap or do this or that. It's just confusing. Now. People went to their bank and they clicked on a button and they said, let me buy xrp. They bought it, and now it's in an institutional custody solution by a big bank, Wells Fargo, bank of America in the United States, whatever. Guess what? They're gonna charge you a monthly fee to custody your crypto. You're gonna pay it because you got. This is where sometimes where for the masses, centralization makes sense because you can call somebody and say, hey, I'm having an issue, blah, blah, blah. I want to do this. Can you help me? If you make one wrong move and this is the other mistake people make is they go, they put a million and a half XRP on one thumb drive, and something goes tits up. And they're like, oh, geez, I don't know.
Jeff
And then I lost all my 10,000,
Chip
20,000, whatever, 30,000, whatever people. I get DMS all the time, which is why I wanted to have Chris on the show yesterday, because I get the heartbreaking ones. Jeff gets them. Hey, Jeff, can you help me? Chip? Can you help me? Here's what happened. Am I. I hate reading those because it breaks my heart, man.
Jeff
Yeah. So bad. It's so bad.
Chip
Yeah. They're just horrible. And they're. And they're smart people, too. They're not. They're Good people. It always happens to good people. I've been stacking for six years, I never sold one xrp. Now it's all gone. I mean it's, that's horrific.
Jeff
Vincent was saying the joke here is that these politicians, the low life politicians, should not be able to go on a summer break. That's the, that's the biggest joke is that these guys get paid for a part time gig and they work it full time, right? The, the election as a, as a U. S. House of Representatives member, it was a part time job. They were supposed to go home on recess and go back to work. Whatever they did, farmer, lawyer, whatever it is, go back to work. Now not only is it a full time gig, but from the moment they get elected, it's a full time campaign razor gig because they have to run every two years. So as soon as they get in, they're already in fundraising mode. And so everything they do from that moment forward is all about how am I, you know, going to make sure and secure that they're going to get enough donation to run the next campaign cycle. And it's such a, it's such a bad spot to put us the people, you know, we the people in. Because then the pool of these elected gets even smaller, you know, or those that even want to run and it hit such a, it's such a debacle. You know, here's, here's a perfect example of how irrational things can be. On Saturday there was a parade that I participated in. I was driving the vehicle and we're there because somebody I know is running for city commissioner and so he was going to be in the parade shirts, signage, decked out my truck with the signage. And we get it, we're in line. The city attorney comes to us and said, listen, you know, we can't have you guys have signage because we can't as the city, we can't be seen as endorsing a candidate. And, and by the way, I'm going to go and talk to the other candidate who's six or seven cars behind you and we're going to say the same thing to him. And so I said to the city attorney, I said, but if we all go together and we all agree that these are the two candidates running against each other, that everybody's okay with being here with the signage. Isn't it the city's responsibility to support candidates that are running for city commission? And so we ended up, so at the end of the day, we ended up taking the signs off the car. But, but we said, hey, everyone has shirts. Is it okay if we have the truck with the American flag? We're going to carry American flags, give out candy and everybody has their shirts on. And they said, oh yeah, that's fine. And if you want to walk on the sidewalk with your signage, we can't stop you from doing that. Like, all right, great. And we talked to the other candidate and he rented this beautiful like 1960 something convertible Cadillac, which I'm like, I don't know, I was in my truck, you know, but he has this Cadillac and you know, no shirts. They had two signs. And I see you guys don't have shirts. You guys can walk. He was going to go home and leave. I was like, oh, you're lost, you know. So we had, we had eight people walking through the parade. Everyone had their shirts on and the candidate was talking to everybody. But I'm like, how irrational is it?
Chip
Right?
Jeff
It just doesn't like the way they run the thing. It just doesn't make sense from the top down. The attorneys don't get it. You know, they want to step on people's constitutional rights, the whole thing. And if it's not in writing, that here's city policy, which it wasn't stupid. You know, they try to make it up as they go along.
Chip
And it's really unfortunate plumbers because most people are simpletons. When I was talking about the banks and he says, you can book smart, book smart all day, but common sense are dumber than a box of rocks. But you're missing. The point is that you're always going to have a segment of society that's not going to be comfortable with going down the thing. I don't even, I'm not even comfortable moving Crypto, man. My heart like loses six beats when I'm trying to move it. I always move. I don't care if I've got X amount, I'll do it and I'll do. I'd rather do it in five tranches than do it in one. I never do. I'm like, I'd rather screw one up and then get back on the trail trade. I don't. Every single time I do it because I'm not one to go like, let's just move everything and click. Nope, I'm not that guy. I mitigate my risk at all. Now you're talking to people, people who don't do this every day. And it's not in somebody who grew up in a different system. The banks can. All this crap about stable coins, all they have to do is custody crypto and they're going to make way more than they were worried about outflows in the banks. If people can go to their bank and every time they purchase crypto they make a small fee. Every time they sell crypto they make a fee. Every time they custody crypto, the banks may have fee. I don't know why they're so. They're just not smart about this whole thing and they're using institutional custody. And if what really ought to happen is the FDIC should come in in the US and back it up by, by guaranteeing any crypto in that account up to $250 million or $250,000 maybe better. But $250,000 the same as cash sitting in a bank. If you have that same value in crypto, then you don't think people are going to want to custody their crypto at a bank. You don't think you're going to see inflows of more people purchasing crypto because they went to their bank and they hit a button and it came out of their bank account and now it sits in their crypto account in their wallet. And when they want to move it into a stable coin or move it back in their account, fee, fee, fee, fee, fee. You don't think they're going to pay 15, 20amonth to custody crypto all day long. But no, you can go out and get a thumb drive and you can move it to it and you can hope you don't get tr, you don't get hacked and then you hope it's not an ellipal. Where's it from? China? Sure. I'm sure China didn't put any backdoors in it. Where are most of these wallets from? Geez, that's weird when you start going down the rabbit hole. They all kind of originate in China. But that's cool. You're smarter than everybody else. You have, you have a back door from China. Good for you. This is why I say like screw that man. I'm not messing with that. You know when I see. When I see what the story that Chris told Yesterday about that 70 some year old woman who put it on a thumb drive and it got compromised. Right. Somehow she clicked on a link, she did something. Guess what that was sitting in exchange it all still be there, wouldn't it? So I don't advocate that for every. That's not a solution that works for everybody. You know, if you spread it out between five exchanges, I'll be there.
Jeff
Wouldn't it and that then that's such a. In a high risk environment where there's a chance of crypto being stolen off of an exchange or off of a ledger diversified across multiple exchanges. You know to your point. Put it on Coinbase, put it on Uphold. Put it on Kraken, put it on you know Gemini. Put it on multiples. Put it on a cold storage wallet and say hey if everything if one falls I have the others. If something happens at least you're not getting. It's the same thing with money. You know money. Put it all in a thumb drive.
Chip
Put it on a thumb drive and
Jeff
put it and put it all to
Chip
risk and then get an email that looks like it's. You have to upload update your your and then what happens is these people click it. They might not connect their storage wallet for another year. As soon as they do gone or they or they go and don't realize when it had been hacked. I'm sorry People can't live. They can't live with that level of risk. This is a weird story.
Jeff
Oh Caliban Brown, that's another one too.
Chip
Calvin Brown's another one right. I trust. Right. There's other ones out there that you'd be better off with institutional custody and
Jeff
make sure you're on the right network. Especially with the ERC 20s. You know when you're moving you you know it's. It gets a little intimidating. It's very very. This is a cool story. This is. It's a feel good story of the day.
Chip
I doubt the story. I read this and said this is the most thing I've ever said breaking
Jeff
I want to find it a water
Chip
heater that pays you in Bitcoin just dropped. Okay And I I like okay sure. And then every great idea though Superheat unveiled a two thousand dollar electric water heater which is about fifteen hundred dollars too much.
Jeff
Okay well yeah, but you're paying for mining of this is the best.
Chip
Who I don't know who wrote this. It's secretly mine. You don't even know that it's mining
Jeff
it it's even know it's happening because it's in secret.
Chip
I'm like it's so secret.
Jeff
It's secretly so secret. You didn't know but it's gonna help you offset your energy.
Chip
This is the crazy. I'm like this is the like this can't be real.
Jeff
There's no way I saw. I saw this article or this post and I thought this is the greatest thing.
Chip
It's a Cool coin while it heats your water. Yeah. Same energy usage as a normal heater. Wink, wink. But the built in ASIC miners earn bitcoin in the background, helping offset your energy energy bill. How much bitcoin can it mine?
Jeff
Enough. Offset your hundred dollar energy bill.
Chip
Mine. Want bitcoin. Lower your bills. The future of home appliance. And then like there's a stupid video on it.
Jeff
There it is. There's your. Why is your water heater in your kitchen?
Chip
It's just like dumb music.
Jeff
It's so cool though.
Chip
Eat. And there's like a cool. Look at that.
Jeff
Look at the graphic. I want that graphic.
Chip
Look at this. Oh, it's super heater. Look at this. There it is. It's sitting there and it's mining bitcoin. Oh my God. Look at all the bitcoin I'm mining. This is a crazy, crazy.
Jeff
It's called super heat. I guarantee if it exists.
Chip
It looks like one of those. You know, the other thing too is it looks like a spot heater. Where it's not one. It's not a tank heater because look at the size. But it's tiny, right? Well, yeah, because most of its computer, I guess it's a computer, they turned into a water heater. I'm just like, there's just. There's no way, Jeff. There's no way this is real.
Jeff
That's an instant. It's an instant hot water heater. Look at this guy turn the electric on. It's also mining bitcoin.
Chip
That's Jeff Grock. Is this true? Yes, it's true. Superheated unveiled the H1. It's CES 2026. Oh, it is a 50 gallon water heater. Okay. Integrated ASIC miners. Here it is right here. Let's see. Here we go to the.
Jeff
What do you think it's made? Where do you think it's made before we look?
Chip
I have no idea, man. What do you think?
Jeff
China.
Chip
I mean it might be made in China. I don't think it's a Chinese thing. But this is what the future look. Reclaim wasted energy. Turn it into lasting financial returns. I love this water heater. Reuse energy. Who's it for?
Jeff
It's only cool if it's not an instant on hot water heater because then something is. The GPO heats the GPU heats the water. Now that would be cool too if the GPU is going. You guys know this is right?
Chip
Of course, it's.
Jeff
It's not making any sense. I mean the idea is great, right? If you can. If you can mine bitcoin from the power. If you have like leftover electric and you're, you know, you have a solar panel and you have leftover electric that you can feed back into the grid, you can generate revenue. But you know, are you gonna mine? I mean this whole thing. Like, how is. How is the mining happening?
Chip
Well, let's just break it down here in the water. 23. They both do 20 regular. If you compare an average water heater to the Bitcoin, 1,23 gallons an hour, 3.3 kilowatts, 10 years lifespan, 1.6 dollars a month. The superheat one is 1.2. Why? Because on the average water heater, you get zero passive income. But on this one, you make a thousand dollars. Now, how much bitcoin does it mind if you get a thousand bucks? Okay. I don't know. Like who, like who thought.
Jeff
Yeah, more in fees.
Chip
We even wasted time to make this. This is crazy.
Jeff
But XRP plumbing brought up a good point. Is that if it was gas, if it's a gas water heater, it could be interesting. Obviously if it's electric, doesn't make any sense.
Chip
Doesn't make any sense. Right. 100 start earning now. Contact us. It doesn't say like where you buy a white paper. This seems like just. Yeah. It's not even a real thing.
Jeff
And if it's. If it's instant on, then you're using electro. Why would you also mine bitcoin at the same time? Unless somehow the hot water is mining the bitcoin. Or like Jacob Ladder said, maybe it's the GPU that's actually heating the water. How are they heating the water? Where's the hot water come from? I don't know. How many views are you going to need to.
Chip
Here's the white paper. I don't have time to read this. Heating is nearly all of its heat. I don't know this. I just. This is just. I mean, go ahead and buy it. Why don't you guys buy it, Let us know how it works. It doesn't even seem like it's ready for consumption.
Jeff
Or it's probably not ready for consumption. But if someone has two grand rolling around that knows about water heaters and bitcoin mining, see if you can buy one, install it in your house and see what it does. But if only generates $1,000 in Bitcoin, it's a lot of time and effort.
Chip
It's a lot of time and effort. But Jeff, one of the most amazing things happened. Again, this is Fantastic. So if you remember, the USA hockey men's team beat the. Beat Canada in the finals. Canada eliminate the U.S. women's team beat Canada in the finals, wins the gold medal. So you got two gold medals. But here's the. Here's the hat trick. USA Team USA sweeps golden men's, women's and sled hockey.
Jeff
Oh, yeah.
Chip
This is the. This is. These are the paraplegics who. They destroyed them, I think. 5:2 at Milano Cortina 2026. So this is like, amazing. And I love this post by our buddy, the next governor of Florida, Byron Donalds. US Beats Canada and the Stanley Cup. The US Beats Canada in the World Series. Be Toronto. The US Beats Canada for women's hockey gold. Canada men's hockey gold. Canada the World Baseball Classic. They eliminated Canada from the World Baseball Classic and now they beat Canada for the Paralympics. Hockey goal. The dynasty continues. Play freebird. So there is. They are celebrating after gold medal. And there they go to.
Jeff
That's great.
Chip
Congratulating him. They're all getting together and just having. Congratulations. Look at this. This is fantastic. Man. You gotta love this. Awesome. I wanted to see the Canadians, like, being disappointed again. I mean, it's really a good run. If you think about it like, Canada is their, like, thing. That's like the. If you live in Canada, there's like two things to look forward to. Hockey and hockey. That's pretty. That's pretty much it. Maple syrup, I guess. But that's so fantastic.
Jeff
Hey, so XRP Plumbing is going to check the plumbing supply house.
Chip
Get back to us.
Jeff
It's for real.
Chip
You're a plumber. You'd know. You would know if. If you. I mean, if you can even get your hands on something like this. I. I just don't. Yeah, I don't. I can't see Ferguson's stock in it. Okay. I just don't. It's like, oh, yeah, we have the H1 in stock. And it's like, how much? How much? How does it mine? Bitcoin. I just don't see it. But anyway, xrp back to us. That's his boat. He has his marching orders. He. He'll know. He'll figure it out. He'll. He'll see what's going on with their Invade Canada now. Well, they're on there. The reason they're on their butts is because they. It's paraplegic. So they're all, you know, they. They're paralyzed, so that's why they're strapped. It's called sled hockey. So that's why they.
Jeff
That's what it does.
Chip
They have special. Sort of a special long rail skate that they skate on. They use their arms and legs and then they. But it was. I saw the goals. It's fantastic right there. Mark Smithson's has an H VAC guy coming tomorrow morning. I'll ask about this new water heater. Yeah, sure. Give my phone number. Right. If you give Max RP Plumber's phone number, he'll be able to help him. We'll know what's going on.
Jeff
Right.
Chip
Wonder what a fight looks like on that ice. That would be fun. You imagine those guys fighting? Oh, man. Eating the hell out of each other. That would be fun. And, you know, I gotta tell you, Jeff, those heaters checked out. Well, they say that they're real, but it doesn't seem like they're ready for purchase. Sounds like it's a concept. Right now, I don't know if they're really.
Jeff
It was just introduced at ces.
Chip
Two months. January, though, I mean, you know.
Jeff
Yes. I don't think so. What's Ethereum's gig? Washers and drives. Could very well be, you know, why not mine?
Chip
Ethereum with your washer. This is great. What do you. What do you mind with xrp? It's not a mine coin. It's not a mine coin. I have to tell you, my entire fee, Jeff, is loaded up with two things. Fraud and. And Islamic fatigue, that is. I can't find any other stories. I know the algorithm is skewed. Like, it doesn't. I even go to my list. My lists are on there. Like, what are designated accounts? That's it. Like, I can't find anything but those two things. But look what's happening in California. This, I don't know. California may be the fraud capital. After these, start some of this stuff.
Jeff
Oh, yeah, they're over there. They're beyond. This is something else. The amount of.
Chip
You can't talk over it. Hang on.
Jeff
The administration's health care fraud microscope is focused on California. Tonight, senior national correspondent William Lajeunesse tells us about one provider who does not
Chip
even live in the state and is
Jeff
responsible for hundreds of millions of dollars in billing.
William Lajeunesse
I'm looking for Dr. Faustina. This is his address of record with the medical board.
Jeff
He doesn't work here.
William Lajeunesse
He doesn't work here. He is your medical director, however, isn't that correct? He's not. Since when?
Chip
I don't know.
William Lajeunesse
In December, New York Congresswoman Claudia Tenney asked the Trump administration to investigate health Care fraud in la.
Chip
The money's being sucked out of the system by these fraudsters.
William Lajeunesse
Specifically she asked how a single physician living out of state helped providers bill taxpayers for $600 million. Somehow you are responsible for 29,000 patients and that. And here's the billing information that physician, 87 year old Gilbert Faustina. These home health care agencies but they're using your number.
Chip
I don't know them.
William Lajeunesse
Faustina lives in Las Vegas but we met him at this apartment in Los Angeles.
Jeff
I'm not seeing anybody now. Last month I saw about 10 or 15 charts when I would visit. But that's one day a week week.
William Lajeunesse
Yet records suggest he filed 76,000 claims.
Jeff
I don't do the billing. I've never billed Medicare for any of these patients.
William Lajeunesse
How many charts and so forth.
Chip
Is anyone asking themselves the bigger question? Why 87 year old doctor still practicing. I mean is that somebody. Does anybody worry about that? I mean you go through to approve
William Lajeunesse
their care oh 15 or 20. But these documents suggest that you're seeing thousands of people.
Jeff
Document is wrong.
William Lajeunesse
Federal documents show 335 providers billed Medicare 600 million over five years. Using 600 million number contracted with three companies in this building at this address. I have millions of dollars of health care provided at this location.
Jeff
At both high he can be a
William Lajeunesse
medical director Aries and on call. There's more than 900 patients and $17 million has been billed out of this location.
Jeff
It certainly sounds unseemly to me.
Chip
Well I'll tell you what's weird Jeff. Like if we just back this up a little bit. You imagine like you're gonna go to a healthcare environment and they, they have a built in peephole like from the dark ages. You know like someone knocks on the door and they just slide over. Who is it? And they slide it back. I'm like he's talking. Look at this thing. It's got bars on it. And he's talking through a peephole. As supposedly like a public sort of a, you know, some healthcare facility like, like it's designed to ward off people that come and ask questions. We don't like people asking questions Jeff. That's the whole thing. This is the craziest thing I've ever seen.
Jeff
Totally money Python.
Chip
It's crazy.
Jeff
I told him that we've already got one. Sounds unseemly to me.
William Lajeunesse
Dr. Ira Bayock is a national expert.
Jeff
They're all, all only serving a few
Pete Hegseth
patients which keeps them at a level under the radar.
Jeff
This isn't a mistake. This is a strategy.
William Lajeunesse
Records also link Faustina to 18 hospice providers. I am not associated with any hospice and 3,000 claims.
Jeff
I'm not associated with the claim at all. I've never seen the claim.
William Lajeunesse
So what's going on? Hospice in suite 204. We visited several hospices billing under Faustina's medicare number. Many look more like mail drops than medical offices. My name is William lajeuness and I'm with fox news. We also spoke to one company that provides doctors and nurses to home health care agencies.
Real Estate Agent
He used to be employed with us
Chip
as one of our supervising doctors.
William Lajeunesse
Days after receiving a tenney letter, Medicare ended Faustina's ability to seek reimbursement and this company cut ties.
Chip
We are not sure what happened as well.
William Lajeunesse
You're not sure knows what happened. If there is fraud, Faustina says he's not getting a cut. So you think somebody's probably committing fraud on your.
Jeff
Absolutely not on my behalf, on their behalf.
William Lajeunesse
Nor any of the providers associated with using his medicare number have been accused of unethical or illegal conduct. However, the U. S. Attorney is investigating home health and hospice in la.
Chip
Brett man.
Jeff
So the problem is he could be the medical director of a handful of entities.
Chip
Correct.
Jeff
Those entities use them more from like a medical flow perspective, like medical oversight. But he's not typically as a medical director going to be on site at that location depending on state, state law and regulations. So he might not know. He might be the medical director of all these groups and I think it might be limited to five, depends on the state. But he would know nothing about the day to day interaction with patients. So there's, you know, a possibility. And then they pay him a contracted amount as a medical director per month. And so let's say whatever that number is, I don't know what it is. Could be $1,000, it could be 10,000. But whatever it is, he's getting his monthly and has no idea what's going on on the inside.
Chip
It is, it is a little bit suspect. I mean, you know, like that when you bring a medical director they get paid just basically a salary and, and then so three places are using him and absolutely could be creating this fraud. And you know, it's like, geez, I can't believe an 87 year old doctor is still in high demand. Well, you kind of know what's going on with that actually.
Jeff
Now multiply this story by thousands. So that was 600 billion. So imagine the trillions, hundreds of billions, tens of billions of, of fraud. That's, that's being committed at scale. And you kind of have a, a general idea for the most part of some of the entities that are probably responsible for it, you know, for the fraud, because we've seen it in Minnesota and there's, you know, people come and they take advantage of the system. They figure out how to take advantage of it.
Chip
And did you know that, Jeff, medical directors also get free bitcoin and water heaters.
Jeff
I, I heard that. I heard that that might be a thing.
Chip
Why do you think so? Look at this. So Tucker Carlson's gone off the rails for a long time now, but this, I found this story pretty interesting. Here's what appears to be happening. Tucker Carlson allegedly has been conducting his own foreign policy with Iran on the behalf of the United States. And at some point the CIA. CIA got wind of it and foreign President Trump, who may have then used Tucker as an unwitting counterintelligence asset to feed faulty information to Iran. Based following the launch of Epic Fury, Tucker's traitorous behavior may have finally caught up with him as the DOJ reportedly prepares a criminal complaint against him on CIA intelligence. That's all speculative. No one knows if any. This is true. Bonus round as an example of Tucker likely parroting Iranian regime propaganda. After the operation began, Iran sent IRGC agents to carry out attacks in Saudi Arabia, Qatar, but those plots were foiled. Iran told Tucker that they were actually Mossad plots, a claim he pushed online and spread like wildfire. Saudi Arabia and Qatar had to publicly deny Tucker's fake news about Mossad. Of course, you know, it's like, you know, Tucker has gone off the rails. And here is some footage of Tucker and Tucker Carlson and President Trump. Tucker, I want you to come to the White House.
Jeff
Believe me me, I mean, sure. Thank you, Mr.
Chip
Like.
Jeff
I'm just bluffing with a ran. You know, it's the art of the deal, baby.
Chip
Okay. Yeah. President Trump is just bluffing. You guys are totally safe. We gotta kill the sound here before. Yeah, of course. They play Free Bird Trumps.
Jeff
Oh, my God.
Chip
Yeah, he just went ahead and bombed. He's got. He's in. He's in the bomber and he's. It's great when you play Freebird. It's bad when you get popped for. What are we the copyright infringement or whatever.
Jeff
That's right. Hey, Devon, Steve was saying. Jeff, Chip, you'll be pleased to hear that I don't think that Dragon has reached the med yet. But also we have a lot of group that supports IRGC to protest in London. Aren't we just great allies. Well, not just that. Well, that's London. Then we go north to our northern border and we see what Canada, who they're letting into Canada, and that's even crazier. So IRGC members, knowing the imminent downfall of. Of Iran, of their regime, they're fleeing and Canada is freely letting them in. Canada is more than happy to let these people into their country.
Chip
Give them citizenship, no less. Jeff.
Jeff
Not, not just.
Chip
Not a visa. They gave them citizenship and are giving them safe passage. So one of the other dumbest humans on the planet, Candace Olson or Owens, whatever her name is, I was thinking of the Olsen twins. If they come for Tucker, we ride at dawn. Okay. Sure. Okay.
Jeff
Where's your riding? Where's he riding to?
Chip
I have no idea. Really Nothing else to say? We're not doing the Gulags 2.0 with these Bolshevik descendants.
Jeff
What?
Chip
Some of the dumbest people on the not not doesn't even know what that has no idea which.
Jeff
Is this stuff real?
Chip
It's real.
Jeff
Is all this real? Tucker saying, when you discover the CAA has been reading your text in order to frame you, what is there to frame you for a crime? If they're reading your text messages and they find out you're committing a crime?
Chip
If they can't, we ride it dawn. Who rides it dawn?
Jeff
What is this? These people are out of their minds. So these people, they've, they've. They're no longer relevant in. In complete the general mainstream anymore.
Chip
Jeff, do you remember what happened in Virginia? Virginia passed. That they passed in the House and the Senate and it's going to the new Virginia governor to basically pull gun rights from people. You're not going to be able to have a gun or do anything with a gun. Right, but you know who they exempted? The Democrats. The Democrats are exempt from this? This.
Jeff
Oh, yeah. Can you believe that?
Chip
They are exempt from a bill. They don't want you to have a gun, but they should probably have a gun just in case, you know, you can't.
Jeff
You honestly can't make this stuff up.
Chip
It's. If you said this, you said that's a parody. It's got to be the B, right?
Jeff
It's got to be a parody. This is insane.
Chip
Some clever people. They. They went down to the Virginia state capitol and they handed out 30 round AR15 mags. Look at the line of people. Fantastic.
Jeff
He's awesome.
Chip
Look at this.
Jeff
It been worthwhile to go there just for that, I guess. They have open carry. It's an open carry state not anymore.
Chip
You know, they just passed that loss. There you go. Look at them. They're passing them out. How awesome is that, dude?
Jeff
Thanks, guys.
William Lajeunesse
Appreciate you very much.
Chip
You know, the demons, look how nice they are, too. Look how you see shaking people's hands and they're 30 round AR magazines. That's the best part. Hey, fist bump in. This is the greatest thing I've ever seen in my life, man. It really is fantastic. It really is fantastic.
Jeff
Jeff, that was Virginia. Yeah, Not Minnesota. Virginia.
Chip
That was Virginia. That's what I'm saying. That's where the new bill supposedly passed. You're not supposed to.
Jeff
It's not constitutional what they're doing.
Chip
Yeah, well, they know it. It's just going to take some time to sort of before it actually escalates up. And it was funny. I was at. I was hanging out with some buddies on Friday night and. And even though we're all conservatives, one was a little bit upset with Pete Hex, that's saying he's running Department of War like a video game. He was very mad about it. And I said, well, he said he was running like a video game. Like, the way he was acting, he didn't like him. Whatever. I'm like, oh, man. In my money, like, we love the guy. He's fantastic. Right? So here's Pete. Here's Pete Hegseth given. This is why I love the dude. This is him calling the press out to their face. And it's so spot on
Pete Hegseth
because you, and I mean, specifically you, the press, specifically you, the press corps, because you cheer against Trump so hard. It's like in your DNA and in your blood to cheer against Trump because you want him not to be successful so bad. You have to cheer against the efficacy of these strikes. You have to hope maybe they weren't effective. Maybe the way the Trump administration has represented them isn't true. So let's take half truths, spun information, leaked information, and then spin it, spin it in every way we can to try to cause doubt and manipulate the mind, the public mind, over whether or not our brave pilots were successful? How many stories have been written about how hard it is to, I don't know, fly a plane for 36 hours? Has MSNBC done that story as Fox? Have we done the story? How hard that is? Have we done it two or three times so that American people understand how about how difficult it is to shoot a drone from an F15 or 16 or F22 or F35 or what it's like to man a Patriot battery or how hard it is to refuel midair, giving the American people an understanding of how complex and sophisticated this mission really was. There are so many aspects of what our brave men and women did that because of the hatred of this press corps are undermined, because people are trying to leak and spin that it wasn't successful. It's irresponsible. And folks in this room are privy to that information because of the proximity here in the Pentagon. It's an important responsibility. And time and time again, classified information is leaked or peddled for political purpose.
Chip
Amazing, right? He just. He just read the riot act, and I'm like, you know, and they all sit there. It's so. It's so. So sickening to me, Jeff. It's just absolutely sickening. I don't know who this woman is. I think she's a real estate agent, but I have to say, she's. She's fantastic.
Jeff
What is that?
Chip
She's. She's this real estate agent. She was talking about her favorite part about living in New York. Listen to this, Jeff. This is great.
Florida Woman
Favorite part about living in New York? Nothing. Because I'm in Florida on the water. New Yorkers love to talk and then move here 10 years later. Two bedrooms, two bathrooms. And I'm sorry, did I mention it's on the water? Do you guys hear that? That's what a city sounds like without police sirens. New Yorkers are like, well, you guys have hurricanes, and you guys have the jets, which have caused much more damage. You know, your city ain't. When all you have to brag about is the bagels. I think when New Yorkers move here, they play the ambient sounds of street fights to fall asleep at night. My favorite line is, I'm from the Bronx. What am I doing? Why am I doing Trump? Y' all from the Bronx? I'm like, ah, yes. I am also from a shitty place. I'm doing Trump again, and I don't know how to make it stop. As my great grandmother from Queens used to say, go scratch your with a broken milk bottle. Imagine this. And not having to hear, forget about it. What are you gonna do? I lost my virginity to Frank Sinatra on a boat just like this. It wasn't Sinatra himself he was playing while. It was to Giuseppe Caruso, who never called me back. That filthy piece of. What are you gonna do? You know, what are you gonna do?
Chip
All right.
Florida Woman
What are you gonna do? What are you gonna do? I'm gonna have an aneurysm. That's what I'm gonna do. Florida. Florida. I gotta get this right. Florida. Share this with someone who thinks New York is better than Florida. Don't even get me started on New Jersey. I am gonna get the absolute kicked out of me if I go to New York.
Chip
The best, best line is she has the best opening line ever about widescreen to live in New York. Here it is again. Here, let's play it again. Here we go. The best opener ever.
Florida Woman
I know my favorite part about living in New York. Nothing. Because I'm in Florida on the water. New Yorkers love to talk.
Chip
Because I'm with Florida on the water.
Jeff
Nothing.
Chip
Did I mention I'm on the water? Yeah,
Jeff
exactly. I'm sick.
Chip
We're so tired of them stay up there, up there. And then they come down. They voted for Democrats like you left your. Because the Democrats turned it into a. You want to come down. You want to turn into a.
Jeff
Exactly.
Chip
It's just ridiculous. Yeah.
Jeff
Long view. The moral degradation of our country over the last 20 years has been ridiculous. I believe the social liberal programming through music, news, TV is completely ruined generations. That's it. Put movies in there. Movies and TV shows for the past couple decades. It's totally, you know, corrupted people's minds.
Chip
Did I mention a 10 Rolex watches? Yeah. You can buy them on a street and all of a sudden they wrap everything up in a carpet and they
Jeff
run down the road. Right, right on the street.
Chip
Wait, that wasn't a real Rolex. How did I not know that? Yeah, they come down, they complain about driving in Florida. People born and raised are the best drivers in the world. They've grown up in the most shitty drivers from all over the world. Of course, 100 from all over the world. Guns.
Jeff
Exactly how it is. Holy crap. The. That I ran into, like every single day is another challenge when you see how people just. They don't get. They don't give a crap.
Chip
And then.
Jeff
So crazy.
Chip
So apparently, like, this is why everyone says the Cubans from Miami will go back. I don't want the Cubans from Miami to go back. I want them to stay in Florida. Florida. They're the ones that vote, you know, Red. We don't want them going back, Jeff. But here's somebody. Somebody took this video inside of a Miami club and he's basically saying, for Donald Trump. Which. Which is why I voted for Donald Trump here. It's. Why voted for Donald Trump. It's great, man. I don't want the Cubans going back. Stay here, man.
Jeff
And. And Cuba. Cuba is about to. Is about to be liberated. And what's crazy about it. All this is going on. There's an entire leftist movement that is speaking out against Trump and they're trying to end what they call the blockade. And they're talking about the human humanitarian disaster that's going on over in Cuba. Now. The person and the government that's responsible for all that is in Cuba. And so freedom has to come to Cuba. Everyone's fighting. The one thing the leftists all have in common is that they don't want anybody anywhere to be free. They love the, they love the Islamo fascists. They love theocracies. They, they love totalitarian, authoritarian dictatorships. They love communism, all of them. I, I don't, you know, it's, it's amazing to me, you know, the vast majority. And then out of all of this, like from a elected officials and those that support it, there's only one elected official on the Democrat side that's stands up and says, hey, you know what? And that's Fetterman. He's the only one way down the chain.
Chip
You know, let's transition over to the uk. This is, this guy got arrested because he says there's no halal food. True story. He got arrested. Look at this.
Jeff
Oh, well, he didn't, he didn't want to sell it in his residence.
Chip
He didn't want to sell it. Why should he sell it? Imagine that. You can't sell in his own.
Jeff
This is for real, too. For real. In his own restaurant. They want to force him to sell.
Chip
Imagine that.
Jeff
And here's, here's the question is, is he also being forced to sell kosher food? Does he have kosher meat as well as, as halal? Because it was kosher. You know, the, the Muslims can eat it, right?
Chip
Yeah, but they're not.
Jeff
Is he, is he gonna be forced to sell both now?
Chip
They don't want the term.
Jeff
Well, it's crazy.
Chip
Here's Restore Britain.
Jeff
Why it's his restaurant. Why he can sell whatever he wants in his restaurant.
Chip
Look at this right here, Jeff. Restore Brit. This is Restore Britain. This is the new party that started not too long ago.
Restore Britain Member
What a fantastic day. It is. And I've just been called out of the greenhouse where I've been planting my nascent seeds for the coming season. Hopefully plenty of fresh garden vegetables, of course, which have been nurtured by myself, having been propagated in the greenhouse, which, which, which I've been busy doing this morning. But the news is momentous. We have gone through 113,000 members which, according to the records, we have Means that we now eclipse the Tory party membership. So I think everybody can feel very proud about the fact that this common sense revolution taking place within Restore Britain is spreading fast. We've got our branches now up and running on an increasing scale and we are arming them with the necessary equipment to basically carry out local campaigns on the ground. So we are all systems go. And it really is incredibly.
Chip
Jeff, what a monumentous accomplishment. So Rupert Lowe was elected to Parliament. He's an MP for Yarmouth. He's been there since 2024. And look at the. Look at the impact he has had. One man who basically got kicked out of Nigel Farage's party because he wanted to get rid of all the Muslims and the. Nigel's like, oh, they're already here. You can't do that. So Nigel turned into a rhino, what we call them over here. But Rupert Lowe, this guy's on fire. More membership than the Tory party, which is the so called Conservative. We call them Democrats over here. And we call the Labor Party left of their Democrats the nut. Total nut whack jobs. The Tories are left. Are Democrats nuts? They're French nuts. I'm like, Jeff, what a mo. What. How. How amazing is this? So there is hope if you live in the uk God, there is hope now in Canada. This is an American guy who's so fed up with Trump. Jeff, he's moving to Canada, but he gets schooled by a Canadian who lives in. Where? Florida.
Jeff
Where's he gonna move?
Chip
He's gets. He's gonna. I don't know. Listen to this. Or just literally minutes away from the border. He's a total soy boy. So you know where he belongs.
Jeff
Well, I was about to say, just based on minutes away from the border,
Chip
we're minutes away from the bo.
Jeff
Just based on that.
Chip
We don't.
Jeff
We don't want them in this country.
Chip
Like, dude, please, you know, did you hear what?
Jeff
Ruby, Good luck.
Chip
It used to cost 2400 to revoke your citizenship. Ruby just lowered it to 500.
Jeff
What is it?
Chip
You lowered it to 500 bucks. So you make it fast and easy. Listen, this guy, then he gets schooled by a Canadian who's living in Florida. We are just literally minutes away from
William Lajeunesse
the border to Canada as we flee
Canadian Expat
the U.S. wait, what? You want to flee the United States on Canada? Well, from a Canadian who just moved out of Canada to America. Florida. Let me show you what you're in for. First things first, you're going into a terrible economy. See, we just lost 84, 000 jobs last month, the worst in years. And our unemployment rate just went up to 6.7%. Yours is at 4.4, historically low. Our housing prices compared to disposable income is off the charts. And the average house in the average city costs almost a million dollars. And it looks like this in your country, disposable income is actually more than house prices. Our GDP per capita is the worst in the G7. Yours is the best. Oh, and as of this month, we have the highest food inflation in the G7. But let's put that aside, because I bet you love our Prime Minister future, right? Yeah, the elitist investment banker that hasn't even lived in Canada for the past 10 years. Yeah, he's gonna fix your problems. Don't worry about it. I know, I know. You're here for the free health care, right? Well, here's the thing about the free health care. It doesn't really work. You won't be able to find a doctor. You're probably gonna die in the emergency room. And they're gonna take 54% of your income to taxes. Look, you're fleeing the strongest economy on earth. But hey, no problem. We traded spots. See, I had a business in Canada renovating properties. I bought and sold over 150 properties, had 13 employees. I shut the whole thing down and restarted it in the US and got my visa for my entire family legally to live in the U.S. now we pay way lower taxes, make way more money because the economy is a hundred times bigger. And instead of gray skies for eight months a year in snowy weather, it's 300 plus days of amazing sunshine. But don't worry about it.
Jeff
You.
Canadian Expat
Yeah, you. You're gonna love Canada. You'll see.
Chip
Love that so much. That is so fantastic. Is it, Jeff? It is just so fantastic.
Jeff
Love the comments.
Chip
I don't. I don't know if you've seen Disney, this new Disney film that came out that kind of explains Cherie a lot. Have you seen this one yet? Look at this.
Jeff
Music. That music gonna hit us.
Real Estate Agent
Knowing you believe the lie that inclusion was everybody's friend. When the truth now we all know that was the beginning of the end. You didn't fight back, you failed to resist. And now the country is under their fist. No sun, no fun, no sky. All the music now must die. No more thinking thoughts. Shadow Council schools and courts welcome to Britain. Under the brand new caliphate, you're no longer free. Cover your face, your hair, your feature now and say enslaved in a British caliphate. Don't you love the British Caliphate. Have one wife, three or four? When they're knocking on your door asking if you're reciting the Quran, telling you you're gay and stoning you. Today, no matter if you're a woman or a man, you didn't say no. You failed, so it seems. And now you are under the Islamic regime. No laugh, no dance, no art. Killer animals through their heart.
Chip
No more thinking thoughts.
Real Estate Agent
Sharia, council, schools and courts. Welcome to Britain. A dirty bird, a brand new caliphate. You're no longer free. Cover your face, your hair, your feet. You're now enslaved in a British caliphate. Don't you love the British witch caliphate? They steal your daughter for their wife and imprison her for life. Saying she's old enough. At nine they will exterminate your dog. A scorpion to your frog. Don't complain, just keep saying you are fine. It's far too late, you're way out of time. About 10 years ago, that was the line. No Christian or infidel. The whole place feels like hell. No more thinking thoughts. Sharia, council, schools and courts. Welcome to Britain. Under the brand new caliphate.
Chip
You're no longer free.
Real Estate Agent
Cover your face, your hair, your feet. You're now enslaved in a British caliphate. Don't you love the British caliphate? Yay. From the cities to the town, all the people wear a frown. As they hear the horrendous call to prayer. Get in. Elected into power every minute, every hour. By next week, a Muslim will be your mayor. No more thinking thoughts. Sharia, council, schools and courts. Welcome to Britain under the brand new caliphate. You're no longer free. Cover your face, your hair, your feet. You're now enslaved in a British caliphate. Don't you love the British caliphate?
Chip
Pretty sure Disney didn't make this. That was a comic I was laughing at. Yeah, of course. It's coming. Coming soon in 2026. See British Caliphate. You know, of course it is. Best part of it. Look at, look at, look at the castle. Walt Disney.
Jeff
Oh, my God.
Chip
I mean, that's crazy. I mean, it's. It's dark, man.
Jeff
I mean, not so far from the truth going on over in England.
Chip
It's very dark, you know, which when
Jeff
you get something that dark, Parliament are nuts.
Chip
You have to lighten it up with something like this. The top f F around. Find out clips. Here we go back to Brazil where
Street Reporter
we have this desperate coward who snatches this phone out of this elderly man's hand and boom.
Chip
Like a cup of freaking noodles.
Street Reporter
My God, he gets hit by the bus. That's some final destination. We're witnessing here. Most of the time these videos end with someone taking a leticillin nugget to the dome or taking one to the st locker. But not in this case. Karma decided to make a cameo and enter this guy into the next drag show. The 17 year old thief would eventually die in the hospital later that day. Is it really worth getting deleted over and ending up on the ludicrous camp?
Chip
Oh, B.
Jeff
Get out the way.
Chip
Way.
Jeff
Get out the way.
Chip
Get out the way. We can't have that.
Jeff
Holy crap. No.
Chip
That's rough, man.
Street Reporter
Well, cultural enrichment continues to enrich societies
Chip
all around the world.
Street Reporter
As seen here with Muhammad, the country he came from. He's used to disrespecting women, abusing them, but not today. Because Nadine lays a big ass right and now virtually deportes ass into cuckoo gaga land. Politicians importing idiots like this, destabilizing nations all across the world because they don't want to assimilate. They want to turn your country into the they came from. And the only people suffering are you and I. Mohammed thought he could get up in Nadine's personal space and Nadine's like, I ain't no. I ain't no government either. She follows up with a nice two piece spicy combo with a punch.
Jeff
Oh, such a nice combo.
Chip
Beautiful.
Jeff
Thanks. Jab hook.
William Lajeunesse
Bam.
Chip
Situation equalize right here. There we go.
Jeff
Let's go.
Street Reporter
This sick piece of garbage, poor excuse for a human trying to sexually assault this woman. But thank God the police officer showed up in time. But takes a shot to the dome, angry because his plans have been ruined. Trying to sexually assault this woman. But now he's getting assaulted in return. Rightfully so. The cops like welcome to China. Now the cop's about to throw down some more as he continues to bash his face in. And now, how's it feel to be defenseless? He takes several shots to his teeth. He's got summer teeth.
Jeff
Some are there, some are gone.
Street Reporter
Just handing out.
Chip
He's got summer. Some are there, some are gone, some are too.
Street Reporter
Complimentary MC Knuckle sandwich buffet as this idiot takes a couple of shots to the spare. How's it feel, huh? While you're defenseless and now taking a beating. Couple knees to the dome. It's a knee buffet as well. The cops like, you want some more? It's unfortunate. Didn't end with some Lela nuggets to the dome, but a couple more shots for good measure. This is just the appetizer. Wait till he gets into the Chinese
Jeff
prison system where he'll have to protect
Street Reporter
this egg roll from being violated 247 in self lock four with Bubba. Congratulations.
Chip
Boom.
Jeff
Found out.
Chip
Here we go. Here we go. Yeah.
Street Reporter
Bump the brakes.
Chip
Yeah. Yeah. Yeah. All right. Don't.
Street Reporter
Don't have us come over there. Don't have us come over there. Welcome to Buffalo, New York. Place where if you're looking for trouble, you just might find it. Obviously antagonizing these people walking down the street. We have no idea what led up to this.
Chip
But we know how it's going to end.
Street Reporter
Barely even touches the douche nozzle. And now curling up in the fetal position.
Chip
Scared. Careful. Because of the music on this. Right. Beat his ass.
Jeff
Oh my God. She's.
Chip
Yeah. He wasn't so happy about that. He wasn't so happy about that anymore. Yeah. You can't play this music. Come on.
Jeff
Oh, those guys pulled up too.
Chip
Criminal.
Jeff
Those guys pulled up. They're like about to. What those guys do.
Chip
He's the music. Steve.
Street Reporter
Welcome to Chile where the Chilean police have been called onto location. This man accused of abusing his wife. So now they have pulled out the gun because he pulled out his freaking Ginsu knife and now wants to. To go to war with the cops. Obviously being an idiot not complying. Drop the knife before you die. But I believe he does want to be deleted here tonight. So he's going to go from a freaking madman into a freaking holy man and goes after the cops. And the cops. I'll be going home to my hot turkey pot pie waiting on the table for me while you go to hell and make sandwiches for Lucifer. Become his for eternity.
Chip
Well, there you go. Find out, man. That's how it works. So it works in the old. It's pretty much how it happens that ends. That's it.
Jeff
That's it, man.
Chip
That's the time. Douche nozzle.
Jeff
Oh, God.
Chip
Squadoosh, man. Natural selection.
Jeff
Darwin award winning selection.
Chip
There we go.
Jeff
Naturally selected out the old one two.
Chip
Yeah, those are fun to watch, man. Nice, says Rodham. Nice. So there you go. And I'll tell you what, man. Looks like that's all the time we got, guys.
Jeff
Some crazy stuff.
Chip
We'll be back.
Jeff
It's an hour 20.
Chip
It's fun. It was a lot of fun. Wednesday.
Jeff
Wednesday.
Chip
This one goes. It was a lot of fun. I really enjoyed it.
Jeff
Be good.
Chip
Great shows and be well, everyone. That's it, guys. We'll see you on the next one. There's no Yetis. Dude, where you been? We haven't had Yetis for three.
Jeff
No yeti.
Chip
We're taking a break.
Jeff
Get some yetis. We're working on taking a break. Getting some yetis for you guys.
Chip
I'm enjoying it with no yetis. Be honest. Focus on the show and bring them back. But don't worry. Don't you.
Jeff
We're bringing them back. We got some other yetis. Got some other fixed.
Chip
Anyways, we will be getting totally rigged. It's totally yigged. Yigged and rigged is what.
Jeff
And that's all we got. We'll be back Wednesday, 8:00pm Eastern Standard Time.
Chip
Eastern standard time. We guys will see you guys on the next one. And, Jeff,
Real Estate Agent
Are you down with otc?
Chip
Please, like, subscribe and click the bell to be notified when the next video drops.
Episode Title: The Old System Is Cracking — XRP, Flare & The Global Power Shift
Date: March 16, 2026
Hosts: Jeff and Chip
Main Theme:
Exploration of the "cracking" of traditional financial and social systems under the weight of new technology, regulatory upheaval, and geopolitical change. Focus on the continued evolution and utility of XRP and Flare, the expansion of platforms like Coinbase, the pushback from entrenched interests, and broader issues of culture, fraud, and political disruption.
Jeff and Chip dissect current events showing stress fractures in the global economic and political order, highlighting how digital assets such as XRP and innovations on Flare are stepping in where legacy infrastructure fails. Alongside detailed analysis of blockchain advancements, the episode veers into media bias, healthcare data debates, regulatory capture, cultural decay, and even tongue-in-cheek takes on news oddities. The discussion underscores crypto’s real-world use cases expanding in the face of resistance from incumbent interests as global tensions rise.
[12:13–15:47]
Key Topic: Introduction of Flare’s smart accounts—letting users harness XRPL assets with expanded smart contract capacity, non-custodial, UI integration.
Hugo Fillion quote [12:54]:
“Using Flare with your XRP and potentially other assets from the XRP ledger over time without ever having to touch Flare… You don’t need to own Flare, you just make transactions on the XRP ledger… and eventually you’ll be able to do any transaction that you could do on Flare directly from the XRP ledger.”
Implication: True revolution for everyday users—yield products and enhanced safety, without moving funds from native wallets.
Discussion of missed Flare airdrops due to platforms like Celsius—community laments lost opportunities.
“The bank lobby has way too much power in Washington... If the banking cartel really wanted to have gains… since banks can custody crypto, they would offer to custody your crypto.”
“My heart loses six beats when I’m trying to move [crypto]… I’d rather do it in five tranches than do it in one… Mitigate my risk at all.”
“If you live in Canada, there’s like two things to look forward to: hockey and hockey… Maple syrup, I guess.”
“Somehow you are responsible for 29,000 patients and here’s the billing information... 76,000 claims.”
“If you said this, you’d say that’s a parody. It’s got to be The Bee [Babylon Bee].”
“Because you cheer against Trump so hard… you have to cheer against the efficacy of these strikes... Take half truths, spin it… try to cause doubt and manipulate the public mind…”
“You’re fleeing the strongest economy on earth…had a business in Canada, shut it down, restarted in the US—pay lower taxes, make more money, 300+ days of sunshine…”
| Segment | Timestamp | |-------------------------------------------|-------------| | Opening: Old system vs. crypto rise | 00:00–02:07 | | NHS/Palantir bias debate | 02:07–10:22 | | Flare’s smart account utility | 12:13–15:47 | | Coinbase innovations | 19:03–21:44 | | Regulatory gridlock, bank lobby | 22:55–26:19 | | Crypto custody challenges | 30:00–34:01 | | Bitcoin-mining water heater satire | 34:17–39:28 | | USA hockey gold medal sweep | 39:28–42:41 | | California medical fraud | 43:00–49:29 | | Tucker Carlson & foreign policy rumors | 50:04–54:01 | | Pete Hegseth media takedown | 56:27–58:32 | | NY vs FL parody & “British Caliphate” song| 58:32–75:05 | | “F Around & Find Out” street justice | 75:05–79:57 |
This episode is a whirlwind tour through the cracks in the old system—a globe-spanning journey from UK healthcare politics and US regulatory hurdles to the rapid expansion of XRP and Flare utility. The hosts tie serious topics to engaging anecdotes, satire, and biting social commentary. Listeners gain not just technical crypto updates but insights into the culture wars, fraud, and political shenanigans shaping the adoption and resistance to digital asset technology. The message is clear: as institutions creak and groan, the community’s drive and the power of decentralized tech continue to build—despite the chaos, incompetence, and outright corruption of some legacy systems.
For the next episode, tune in Wednesday, 8:00pm EST.