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Jeff
Welcome to on the Chain. This is Jeff here with co host Chip. What is going on, everybody? What's going on, Chip? I lost my voice again. But you know what we're going to talk about today?
Chip
No.
Jeff
We are going to talk about the future of crypto. Why do we have to talk about the future of crypto? It's all tied into the future of this country. And one of the things that we're seeing here, the narrative is that things are actually going to turn out very positive. And some big observations that we're going to cover today. XRP Garlinghouse tweeting out a pro Trump candidate. We're going to talk about that. And is Trump supporting no tax on crypto, no tax on tips, no tax on overtime, and very well might be no tax on crypto transactions. We gotta talk about that. Dive into that. You ready to kick this thing off?
Chip
I'm ready to dive in the shallow end head first. Let's go.
Unknown
Welcome to on the Chain.
Chip
But let's get to the. Let's get to the elephant in the room here. XRP plumbing says. Heads up, Chip and Jeff, that Yeti's coffee tasted not so good. Now that would be the first time we've ever heard that. First time Jeff and I buy it and drink it as well. So just curious. What, what did you buy? Which, which style or whatever you call it. Yeah, which, which, which, which one did you get? And if you got the one that I'm thinking of, that might be why you might think that. But it depends what kind of flavor you're looking for. But, you know, sorry that, that's what happened. But I just would like to know some more information because honestly, we've never heard any bad. Anything bad or any bad vibes. So there you go. It's not, it's just be a bad bag. Well, tell me there's no such thing. Yeah, dry beans. No, there's no dry beans, man. Send it back. It's a. There are no dry beans. It's freshly roasted. That's what's really strange about this comment because it's freshly roasted and sent out dart are not dry beans. So one of the things that's interesting. Which one did you, which bag did you get? What's this?
Jeff
Medium roast.
Chip
Which one's that?
Jeff
That would be.
Chip
The medium roast. You can't even name. You can't name what's on the, on the bag, man. You can't name the bag. So I was looking for the name of the bag. What's on the bag?
Jeff
Medium roast. Would be the. Either the mountain mist.
Chip
I know it happened but it doesn't have. It should be.
Jeff
Could be the breakfast blend.
Chip
Is it the breakfast blend? Because the breakfast blend is. I'll be honest, I don't care for it because it's just too. It's not light. It's very light tasting light.
Jeff
Yeah.
Chip
Your breakfast blend then that might be you might be.
Jeff
I got it a month and a half ago that. That also happens so with any coffee.
Chip
Thank you for let it.
Jeff
If you open a coffee and you let it sit around with beans, they'll dry out after a while.
Chip
Yeah. The idea is you're supposed to. You get it and you make it right away because. And the beans will not be dried out. I.
Jeff
It's skip the coffee. Chat matters.
Chip
No, we're not skipping it man. Because we put a product out, we put our name behind it and someone's unhappy with it, it's not cool.
Unknown
So.
Chip
So that's. We're not going to skip it. We need to address it. We need to chat about it. We need to get some more details. But yeah, so we're not gonna. We're not gonna do that. So.
Jeff
All right, well let's. Let's dive in. We got some interesting XRP and Ripple focused news so we'll get into that first.
Chip
Yeah, let's dive into that first too. So Garling House tweeted this out or posted this on X but Ripple was talking about the. The Q3 24 XRP markets report that went live last quarter saw major milestones and partnerships including the ETH ETF launch, rising speculation around the US Presidential election and the announcement of the rlusd that's their stablecoin exchange partners which I thought that was a little bit underwhelming to be honest with you. I thought would have expected a little bit more. I mean okay, but I would expect a little bit more on that side of it. He was basically talking about that post saying that the message from the market's clear institutional interest in XRP products stronger than ever. You got bitwise and you got canary funds and 21 shares just this morning filed S1s for XRP ETFs while Grayscale launched an XRP trust and filed it to file to convert its multi asset fund including XRP into an etf. And a lot of this and this is where this is where the other the so called XRP influencers have gotten it wrong from day one. They're still talking about Ripple, they're still talking about sec, they're still talking about a settlement. And none of that matters because XRP has legal clarity in the United States, and that's all that matters. And whatever TIFF Ripple has with the sec, I wish him well. I think they're going to win. But it doesn't. Who cares? It doesn't have any bearing on XRP itself, which is why you see this happening. This is exactly why you see, you know, Bitwise and canary funds and 21 shares, these S1s are getting filed for ETFs. Because the fact is they got clarity. And I think it probably, they probably waited a little bit, too, to see what the SEC was going to come back with, because there was a lot of misunderstanding in the market that the, that the SEC was going to, was going to appeal the ruling about xrp. And if you listen to the right people on the early attorneys like a Jeremy Hogan, a John Deaton, they said that was never up for discussion, so that was never part of the deal. But I think they almost had to wait for that to happen before they would actually go out and start filing this stuff as if they thought it would happen because there's so much bad misinformation out there. But said yes. He goes on to say the SEC's war on crypto has lost battle after battle. Their continued disregard for the court's authority will further erode the SEC's credibility and reputation. Spot on right there. Like, they just. They've undone themselves as a, as an agency. They're going after something that they're calling a security that's not a security. They even invented the term. Jeff, what was the term they invented for, for. What was it called? The. The very first. On the, on the SEC versus Ripple, the very first page, they called it.
Jeff
A. Oh, the crypto security.
Chip
Crypto security or some. They invented some word that didn't exist, and then they had to sort of like retract that and like later down the road, like. So all of this is brought upon themselves for being stupid. So crypto security. That's what I was saying. Yeah, crypto security. They just are making stuff up. Crypto is not a security. It's why they're not the right governing body. But again, that's why you got a guy like Gary Gensler. And this is what's so shocking, Jeff, is all these people who are into crypto, you know, like a Chris Larson who has a company who's a billionaire, and he's going to go vote for Kamala Harris, who's given. This is going to be good. Was It. Oh, it's a digital asset security. Okay, there you go.
Jeff
That's right.
Chip
I knew it was something like that, but it's just baloney. It's just garbage, right? It's just nasty garbage. And, and, and, and here. So I was going through, I saw this. I was kind of surprised in a way because, you know, Jeff and I speculated a while back because he got called out on stage. When was that, Jeff? It was probably, it was years ago. I think it might have even. Yeah, might even be before the, the, the 2020 election. But Arrington was on stage with him. We played the clip where he kind of called him out. He's like, you're a Trump guy, right?
Jeff
And he was like, oh, with Garland.
Chip
He never denied it. He laughed and he started changing the subject. I think he kind of got caught off guard. But check this out. So Team Moreno, this guy, this guy Bernie Moreno is running against Sherrod Brown. And you guys all know Sherrod Brown is another clown, another anti crypto dude, right? Not a good guy Democrat. Got this Republican Bernie Marino that's running against him. And I was shocked. Garlinghouse reposted it. And this, and it's from the Team Moreno account. The, you know, the count that's behind Bernie Moreno. And it said career politician Sherrod Brown is enemy number one of digital currencies. I don't know if he's number one. He's not top three, maybe Jeff, he's.
Jeff
Definitely in the top three.
Chip
I don't know if he. I would say Warren's number one, right. President Trump will be America's first crypto commander in chief. And if you think about that, Garlinghouse reposted it. It says Trump will be America's first crypto commander in chief. That's a pretty big deal, I think, you know, like if probably the most proof we've ever seen. He hasn't disclosed who he voted for, what's going on, but he's reposting this. And I do have this video that we can watch and we can see what is the content of the video? What does that look like? So go ahead and pull that up. Okay, there it is. And let's do it. That is not the right one. Nice. Way to go, man. Did I like, did I label it wrong here?
Jeff
Brought up the wrong one.
Chip
Oh, yeah, I did bring up the wrong one. You know what.
Jeff
Devon is bringing up a good point there. Sometimes wonder that Ripple is trying to ride both horses. And it is a interesting dynamic where you have Chris Larson coming out with big financial support for Kamala Harris. And then you have Brad Garlinghouse, over a long period of time now, has. Has been playing this up. He always sounds more conservative than he does left. And that could be the. Could be the balance. But from a corporation perspective, you know, they're, you know, potentially playing both sides. But it. Why would they. When it's very clear and obvious where Harris wants to drive the country and crypto and our financial state and where Trump wants to drive the country and crypto and our financial state, that's a very clear dissection of directions.
Chip
So, yeah, for sure, Jeff. I mean, you know, and think about it. It makes a lot of sense. And it was kind of weird when we played that Larson clip. He didn't really know how she supported. He just thinks she's gonna support it. Like, it wasn't definitive. He even got asked, like, hey, are you in backdoor meetings? You know, are you like, the sort of, like, back room sort of meetings? And he's just like, this is stuff we've heard from friends. Right? It wasn't. It wasn't this necessarily like this. This, like. Like, yes, here's what happened. No, it was kind of like loosey goosey. And so I think that maybe you're right. They're trying to sort of split the baby here and kind of ride them both and whatever administration. Gosh, we were friendly. Remember we gave you that donation.
Jeff
Right.
Chip
But it's wildly reported all over the place. Is $10 million. No, it was 10 million XRP, right. Which is, you know, five and a half million to whatever XRP is. I mean, I don't even look at the price anymore, but let's watch the video. I have it pulled up here. Always make certain that American innovation happens here in America. And what's happening is because of people like Sherrod Brown and Elizabeth Warren, they're pushing the industry overseas. Europe is way ahead of us. Something I never thought I'd say in the technology sector. So we have to make certain that the crypto companies understand what the regulation is, what the tax policy is, so that this technology flourishes right here in America. Chair Brown, unfortunately, is the least qualified person I can think of to regulate crypto. He doesn't even understand how email works, let alone understand how this technology works. So we need people actually know what they're doing. Maria. There it is, Jeff. Litecoin. Every single time, litecoin got to invest.
Jeff
It's the top three. Bitcoin, Ethereum, Litecoin. They'll never drop Litecoin Jeff.
Chip
Bitcoin number one, Ethereum number two, and UN Litecoin. Is that even in the top 10 anymore? I don't even think it is.
Jeff
I don't think so.
Chip
That's insane.
Jeff
Don't think it is. No. Remember?
Chip
Yeah. Remember that guy from Promethium? The guy was siding with the sec, was going to help him. Yeah. Well, that was like. That was a. What a. That was all. That was a scam right there.
Jeff
Yeah.
Chip
Even Larson can be fooled by the msm. Yeah, I mean, everybody can be. Let's see. Regardless of anything, Ripple donating to Kamala will lose investors. Even if it's a great project because of its morality, then we've got great tech. Doesn't make it great investment.
Jeff
It's true.
Chip
Yeah, there's a lot of great tech. Sometimes it's too early, sometimes it's too late. It's all about timing, it's all about conditions, all about regulatory stuff. Here we have at 30, 30 billion market caps not fully diluted. They don't need any more reasons to invest in xrp. Get Ripple stock and swing trade XRP monthly. There you go. I mean, I, and I and I think, you know, the ecosystem is, is, is growing and there's a lot going on, especially on the tokenization. But that's the xrpl. It's nothing to do with, it's nothing to do with XRP. So, I mean, where's XRP's place? Like, what is it? What's its use case anymore? You know, Ripple seems to have dropped it even in their. What they had as that liquidity, it's kind of remorfed itself into a different name. But they're using Ethereum and they're using other crypto in that they're not even using xrp. So it could be because of the regulatory pieces of it. I don't necessarily know. But I thought it was interesting that he did retweet this or repost it over on X. You know, when I look at the stuff that he does repost about.
Jeff
Jetpack is, you know, focused on the, the meme coin. And it's, it's kind of crazy. If you look at the growth or lack of growth of XRP as an asset over a period of time, if you go back to 2017, then you probably doubled your investment. If you bought in around, you know, post the filing of the lawsuit, December of 2020, when it went back down to about 24, 25 cents, you probably doubled your investment. The one thing with XRP is that Once it hits its point, it always just seems to maintain some sort of stability. And it doesn't. It doesn't move, you know, it doesn't make, you know, big, big, you know, gains. Whereas others are, you know, in the meme coins especially, you're seeing, you know, huge amounts of money. But you don't know. There's so many meme coins. How do you know? You know, it's just. You're putting a hundred dollars here, $1,000 there, and most of them are just going to disappear. Most of them don't last.
Chip
That's right. But, you know, speaking of meme coins, crypto Eddie posted this and I thought it was great. And her post was something like nothing like a Charles Hoskinson rant. And yeah, I thought this was. Thought this was an interesting one. So let's listen in.
Unknown
Meme coins, they have no value. They never will have value. They will never, ever have value. Stop thinking they will, you degenerates. Grow the hell up. You will never make something from nothing, okay? The prices go up, they go down, and. And yes, you can have fun with it. And it's gambling at the very best. It's degeneracy at the very least. But what do you expect? Honestly, what do you expect? What is, what is the outcome of this game? You buy a token, and the token goes up a little bit and a whole bunch of other people rush in and the token goes up. And then what happens? People dump on you. That's how that game works. It's always worked that way for meme coins. Always will work that way for meme coins. Well, what about the culture? And what about all this other stuff? And what about this? There's no culture behind somebody taking a picture of me and turning it into a meme coin for the purposes of a pump and dump. It's degen's gonna djen. And then what I pointed out, you then take it as a buy signal. How stupid are you? Honestly? Honestly, I don't endorse meme coins. But we all know that these things have no value. There's no utility behind them. Nobody wants them. They. When they lose their luster, they go to zero. And it's a useful idiot. The greater idiot theory. It's what it is. That's how meme coins operate. And the reason why meme coins have any popularity right now is people are aboard in the bear market.
Chip
True.
Unknown
We've gone through three years of a bear market. Brutal, evil bear market. It's been horrible. And so people got to do Something with all this crypto wealth that they have. So they move water from one side of the bathtub to the other side of the bathtub in one great cathedral. And some people get very lucky and they create a meme coin that goes to the moon and then it collapses and they move on to the next thing and one after another after another after another after another. Why do you expect it to be any different?
Chip
There you go.
Jeff
Good point.
Chip
What are your thoughts on that?
Jeff
The thing is, it's not new. You know, if you go to the penny stocks, penny stocks were pumped and dumped as well. There are a lot of typical low volume stocks and people would ramp up the pricing, the bag holders would come in at the, at the top and you know, then it typically dumps down. But how is that? And I get it, it's an interesting lesson. And one of the things we talk about is Kramer and he pumps stocks. He pumps certain companies and it always seems it's just at a higher level. But you have big institutions that pump stocks. They have all the news media and the stock promoters talking about the valuation of certain stocks and the buy signals. But you're typically buying at a high point and normally there's a sell off maybe, you know, there's a potential for gain. But it's all the, all the time when they're, you know, pumping on something or if they're negative on something, that's typically the time to buy in. It's, it's a weird dynamic. You know, whether it's stocks or, you know, with meme coins, it's all always going to be based off of, you know, FOMO and fud. You know, it's all, it's always, you know, fear of missing out or, you know, it's, you know, it's, it's kind of a crazy dynamic. And, and I, I like his point on, you know, people are bored in the bear market. You have to keep some excitement going. It's fun to play around with some of the, the meme coins. It's fun to have this kind of keeping the hope alive that maybe it will, you know, translate into something bigger. But at the same time, am I still here?
Chip
You're still here, but you kind of froze or something. Weird.
Jeff
Oh, that's weird. My whole, my whole computer just went.
Chip
We still hear you, but you're, for some reason, like you're intently.
Jeff
Give me a sec. That's weird.
Chip
Yeah. I don't know what happened over there, but, but I was trying to pull up something over here. Let's See, Jeff probably has to go come out and come back and all that stuff. But, you know, and. And the thing about the. What's exciting about the XRPL is like the most exciting we've had a long time. This whole idea with these meme coins, which is. Which is wild because nothing's happening, right? It's kind of this bull market. I was going to put this up. First ledger. I don't know if you guys have traded here anything yet, but let me. Where the heck is the screen? Here it is. Okay. First ledger. Welcome to first ledger. So you see like. And again, this is two and a half weeks old. This went up two and a half weeks ago. There's like hundreds of these. These meme coins. So here it is right here. You know, drop was. Was the big one for a while, and then it's. I don't know what this one is, but you can just see the price. 147 XRP. This one is bear. It's 0.017. Drop is 7.38. Right. So if you just look through this list, it's an insane, insane amount of tokens. I forgot. Okay, this is page one of 357. Okay, 357. Let's go to the last page. Let's see what that looks like. There's nothing on the last page. How about that for the previous page? Look at this. I mean, you got to the point of where 0.004 more zeros and then a 2, 3, XRP. You know, there's lots of Schwartz ones, Elmer, Banker, Scrap, you know, just a whole bunch of legendary. Is that our legendary. Legendary is own token. So, yeah, I guess you can have your own token on there. Snoot, Max Moon, you know, Sloppy, you know, the Bear. It's just. It's. There's the hawk to a token. It's. And it's kind of what he was saying. You take a picture, you put it on there, you release the token, and then there you go. And it depends, you know, Lieutenant Dan, the guy that was. And during the hurricane. And in the bay over there up in Tampa there. You know, it's just crazy to see all of these damn these meme tokens. Look, you got Gensler. You know, it's like the Gensler. Because that's what you want to own. You want to own the Gensler token. Jeff, what I'm looking at is first ledger token. I'm looking at first ledger here. And on the token page and come in here, you can see that. I think It's. Let me go to the. Let's see, first page. If you look at all these tokens, there are 357 pages. This has been live for three weeks. Basically 357 pages of tokens.
Jeff
Jetpack saying meme tokens take up too much of the crypto market cap to not have your portfolio, to not have in your portfolio exposed to it. You'd be doing yourself a disservice getting a couple, solding a few. That's like the Shibarium chip, you know, you look at what's going on here with it, and this is a relatively new phenomena here with all these XRP meme tokens.
Chip
Yeah. I mean, the fact that there's like, there's just. I mean, it just got flooded, man. Just flooded with all kinds of stuff. I mean, my God. Fat stacks, Maru cats, 60 cents.
Jeff
You know, what does it tie back to?
Chip
That's just the value of the meme. Of the meme coin. Like so if you.
Jeff
I know, but let's say go to. Go to the. The cats at 60 cents.
Chip
Where's the cat one? Why do I see that? See that one? Oh, this one here?
Jeff
Yeah.
Chip
There it is.
Jeff
58. Oh, XRP.
Chip
There's. There's basically $3,000 in. In volume and market cap.
Jeff
Market cap.
Chip
You know, I think drop was. Is. Is. Is. Let me show PL tokens. I think they are. Let me look at drop. Isn't that cops? Is that Cobb's token drop? Because then he, like, like, then look at all the other drops that came out. Drop, drop, drop, drop, drop, drop. You know, it's like, which one is 85 cents? And I think the tokenomics are you can only have 20% to go to the dev and the rest of them have to go to the marketplace. Something like that. I don't know.
Jeff
Yeah, all these copies, but none of them are. They're not tied into anything, you know.
Chip
Well, why would this. They're just their meme tokens. They don't mean. You know, it's like these are. It's XRC. You know, the. What was those ones? ERC20s. The ones when the on theorem back in 2017 when they got really pie. It's the same thing happening on the XRPL now. That's all it is. That's all it is. Had this cool video from.
Jeff
I like how Silver said it's like a pet rock. And then how much money do you think they made on pet rocks? Made a ton of money.
Chip
Gonna djen. There you go. That's it right there. That's what was. That's pretty much. Pretty much kind of nails it. Oh, cob did. Banker. Okay, banker. Let's see.
Jeff
Banker, Mark is saying, made 800 profit on a meme in five days. There you go.
Chip
How come I don't see bankers showing up here? Man?
Jeff
I made money on Doge.
Chip
Yeah, it's money on Doge too, but fun to do. I don't see Baker showing up. That's weird.
Jeff
Caroline said, shut up, Charles. Memes are just fun. And their value is in the community trading them, which is true. I mean, think about. You think about all the different collectibles over time. Beanie Babies, for God's sake. You know, people collected Beanie Babies, spent tons and tons of money on. On Beanie Baby collectibles. People collect little porcelain whatevers and they. And they have value within the community. I mean, it's. It's unbelievable. Years ago, when I had an ebay store, we help people sell all sorts of crazy things, and it opened my eyes to what people collect. And I met some interesting individuals. I. I happen to have some World War II artifact, and we were selling World War II artifacts, and it. I couldn't believe how many people around the country are into collecting military hardware, whether it's uniforms all the way to tanks. And it opened me up. And I mean, when we're talking about. They have massive, you know, yards filled with. And they're like museums. I met a guy, and he had come in, and he said he wanted to sell some movie theater seats. I said, okay, great. And so he. I went over to his house. He's in Plantations Acres. And I went over there, and he had three barns. And I went into the barns, and he had. He had vehicles. He had a gas station from, like, the. The early days set up. He had a. A movie theater from, like, the twenties. He had a. What are those stores called back in the Old West? He had one of those stores. He had an old church, this inside the barn, like, set up like it was a town. You're walking through this thing and another. Then one of the other barns, like I said, was vehicles. He had a train car in one of them. I mean, these are like the collectors. So when you get into meme coins, and so anywhere from, like a Beanie Baby over to people collect all sorts of things. So why wouldn't people be excited about meme coins when they're within a community and you see, you know, whoever's creating it and you get excited about it? You know, it's.
Chip
Yeah.
Jeff
It's fun. Definitely fun.
Chip
Yeah, it's fun. Thank you for that. XRP Plumber. Look at that right there. This is a really important thing to highlight. Tuesday is Election Day in the States. If you're in Massachusetts, it's. It's time to vote for John Deaton.
Jeff
That's coming up.
Chip
It's time to vote for John Dee. And I cannot take this grifter anymore. She is a complete. I mean, she's the dumbest human on planet earth with her stupid. She's always going to do something, and she does 012 years in Congress. She's done nothing. And. And I want to pull this up here. This is kind of cool. We have. I don't know who this guy is right here. Rich CGC 40, we said. But he basically posted that he. There he is right there. There's the ballot. And he selected John Deaton. It's kind of cool to see John Deaton on the ballot right there. Senator in Congress. It's funny, I was talking to a guy yesterday from Canada, and we started the crypto conversation came up. He said, oh, your politics is crazy. And he goes, I thought our politics were crazy. It's getting really crazy over there, and maybe that'll all end. And I said something to the effect of like, yeah. He goes. I said, yeah, I actually am excited about one of the races, which is the race against Elizabeth Warren. He goes, oh, is that. That. That's that crypto attorney that's running against her, right? Like, he knew. He's like, yeah, John Dean. He goes, yeah, that's right. He goes. I go, how do you know that? He goes, are you, like, really into crypto? He goes, no, but I just. His stuff comes up on my feed. Like, I just see, like, I've seen a lot of people talking about it, so it's cool that he actually found the buzz of it, which is kind of interesting. But that's cool, man. There it is right there. Just. You just write it in and, you know, kind of cool. And then John said, thank you for giving me the honor of your vote. Pretty cool thing here. This old bag. Dumb old bag. My God, she's a nut. If. So she says, kamala Harris has a plan to lift up the middle class. Well, that's weird because she said she'd do nothing different than. Than Biden. And there's. The middle class has been destroyed. Okay? Everyone has a plan, you know, Wasn't that what Tyson said? Everyone has a plan to get punched in the face? Something like that. John Dean says, if this was true. I wish you would have shared that plan with President United States because working people are struggling to make the rent and buy groceries. And if true, I wish the President would have listened the Vice President more instead of allowing you to have such influence over our financial markets and institutions. So there you go. And then here's another one where.
Unknown
He.
Chip
Was talking about, imagine how much more money has been spent on legal fees, prosecuting, defending Gary Gensler and Elizabeth Warren's war on crypto. Over a year ago, Garlinghouse estimated the cost of Ripple loan would have exceeded $100 million. The amount of money wasted is staggering. Yeah, all because of this fake war. And look, if they're wrong, they should have to pay. They should. They, they should. You know, let's bring a suit against them.
Jeff
Yeah, it's crazy. Think about If Ripple spent 100, 150 million, how much has the government spent? Not just against Ripple, but all the different entities around the overall war. I mean, there's, they're spending hundreds of millions of dollars and they'll go to, you know, they'll bring, they have a, they have a bottomless pit of money. That's the problem. You know, they're not capped. He doesn't have a cap of budget of what he can spend. He can just keep spending and he's losing at the same time.
Chip
She's an old floozy.
Jeff
That's a good thing.
Chip
A floozy. That's a word you haven't heard a while. She's an old floozy. That's a great word. Gosh. Mark smith and says 80% of voters will vote because they recognize the last name. That's it. That's geriatric. I don't think so, man. I have a different theory on that. I believe the reason they stay in is because our election has. We've, yeah, we've shined a light on it recently, but our elections have not been on the up and up for many years. You can go back to when Kennedy was elected. That was the first sign of the crack in the, in the armor. All the shenanigans that went on in Chicago there to get Kennedy over the line. And so this, our elections, these incumbents, they, they come, the people hate them, they can't stand them, they're down in the polls and they win every time. It's a little suspect. I just don't buy that that's the reason they stay around. I don't, it's just, I don't buy it.
Jeff
It's a combination. But the other problem is people don't go out to vote.
Chip
That's the other problem. People don't vote.
Jeff
That's a massive, massive problem. So when you have 65% of eligible voters voting, you have a problem. If you, when you go into primaries, when you have like a 20 or 30% voter turnout, you know, 40 voter turnout, you have a major problem. So, you know, even, you know, when you get to the, the micro aspect of vote, so if you're coming to vote in the primaries, you're voting to, you're coming to vote for your town or your city and you're, you're not showing up for those votes. Many, many of the states and counties have potentially changed their voting for local politics on different dates. And there's no hype around it. Nobody knows about it. So if you want to influence school board, you want to influence your city and town policy, your county policy, you have to be very cognizant because that's where it all starts. Those are the people that get ingrained and they're supported by the state level representatives, state senate, state House, and they're influenced by the US Representatives, House and Senate. So if you think about that network, it all starts at, at the, at the grassroots and people don't vote there and people aren't focused there and that, and that it starts all the problems. So once we start, you know, focusing on our town and city politics, our school boards, our state House and our state Senate, that's where you start making impact. Because again, that's many times that was the pool that was picked to run for a U.S. house, U.S. senate. Now it's a little bit, it's changed a little bit, but still that becomes the network. So if you can somehow break up the quote, unquote, like, you know, political mafia in each one of your counties.
Chip
Yeah.
Jeff
You know that that's what it takes. It takes voter turnout. The other part of it is, is making sure that the polling places are being honest. And we shared that one live stream about it. There's obviously a lot of shenanigans that go on in the supervisor of election offices. It happened in Broward County. That woman is gone. And I've talked a lot about it, but it took monumental effort in the 2018 election to get her out. But the other thing is Desantis almost lost. And, and that was because of the shenanigans and the cheating that was going on. And it's amazing. The person that was running against him was a nobody. Turns out to be a druggie. Right. They get rid of that guy. But. But it's crazy you think about what happens, but they want chaos. And to your point, it start. It didn't start, you know, this decade. It didn't start even in the 2000s. It started a long time ago. And little by little, they sewed chaos. The other thing is the Democrat Party has ingrained themselves into many of the immigration systems. So when people come over and they immigrate here, the Democrats are right there front and center, getting them to register. And this has been happening for years, for years and years, and they register as a Democrat and then it becomes, you know, so there's a whole. There's a lot to it, but there's a lot of shenanigans that have happened over the years, and hopefully now we're shedding a lot of light on it and things will change.
Chip
Mark Smith Every country requires voter ID, except the U.S. so when my wife and I went to vote last, last weekend, she's like, you know, I don't know where my voter card is. I'm like, you don't need your voter card. She goes, what do I need? I go, just your license, bring your ID. That's it. Checked in with our IDs. Yep. Okay. Pulled you right up on the thing. Like, that's, that's how they know you. It's like, you don't. The voter card. Yeah. It tells you where your precinct is. It tells you, you know, you know, who, your representative. It tells you that stuff. But it doesn't. Doesn't really matter. You don't have to have that. But that's the state of Florida. State of Florida is like, it's a voted ID state. You do not show up. I remember one time for a primer, I went, I show up. And I was like, you know, I was trying to get there before I closed, and I walked in and they're like, do you have idea? And I looked, oh, I left my wallet at home. I was like, they're like, I like, look, I left my wallet at home. You can look me up in the thing. I can. They go like, no, you can't. Sorry, you can't vote like this. This is, it's like, it's the normal thing. And then they passed a rule, a law in, in California that if you even ask somebody for an id, that's an offense and they can go to jail for that. This is how ridiculous we've gotten. But you got to look at who runs these states. They're blue states, they're Democrat states. Look who's been fighting voter IDs? What. Why do you fight voter ID if you're not, if you're not going to be. What happened to you, Jeff? Did you go away?
Jeff
Lost my camera, keeps shutting off.
Chip
Lost your camera? Like Jeff, why would you, why would you fight against this? Like every country uses voter id. You can't get out, you can't get on a plane without a voter id. You can't buy cigarettes without. You can't buy alcohol without like all the normal things that people like and then like, oh no, it's racist. No, it's not racist. It's that you're cheating. You want people who can't vote to vote. Right. Because there's no checks and balances there. It's the only way. I mean, if you, you're trying to just avoid. So when you're telling me that you're going to fight this, a national voter ID law, when all the red states have it. Look at Florida last. By 9:00 we knew who. We knew DeSantis was reelected. Right. We knew exactly what was going on. It was done. And then DeSantis lost, launched a task force that said that anybody caught. He, he said anybody caught voter fraud or voter fraud related. They busted a couple people with voter fraud and all of a sudden, geez, nobody was willing to do voter fraud anymore in the state of. State of Florida.
Jeff
Yep.
Chip
I have this video here from Marco from Future Verse that I wanted to put on here. This is.
Jeff
Put that up and I'll. I'll step out and fix my camera again.
Chip
Big company born from the merge of Future Verse is a big company born from the merge of 11 companies. Every companies focusing or specializing on a specific piece of the big puzzle. There is no company that can take on the task of building the metaverse by itself. It has to be contribution from a lot of different parties. And when I say parties, we are not just talking about companies, we're talking about end users. You know, Futurist has these two main areas. One is the research side on AI, but not just AI with our own models trying to approaching AI and the creation of models differently from what other companies have been doing. Creating the tools and creating the infrastructure and creating the relationship that allow and empower the end users to be able to do so. It's actually the goal of FutureVerse built on the XRPL. So that was a cool video that was like sort of an excerpt, but the whole video is a little bit longer than that. But I thought that was interesting. Future Verse is Doing some cool things and they're just. Especially on the AI side of it, especially on the music. What's different about their music is they actually license all their music. Where these other people like Suno are getting sued is because they were training on, on, you know, commercial. Commercial music that is not. I mean they might just get shut down, who knows? But they're training on it. And again, that's a fine line when it comes to creating an LLM. When you train on something like, okay, so there's still that misconception that it's taken from that if you take every possible music that's ever been done, there's always going to be elements of other people's music. There's only so many notes, dude. That's. That's how it works, right? So there's going to be some crossovers. Even a lot of the hits today, someone had put out a video and said like, here's this hit and Jesus sounds like this song from the 80s and here's this song, it sounds like this song from the 70s. Right? We're going to get some of that. Where the training of, you know, even if you train on commercial type stuff, it's creating something new from it. It's taking that as a source or, you know, it learns from that, but it's making something brand new. So people like, oh, it's stealing. No, it's not really stealing. It's a really weird. That's gonna have to be figured out in the courts. I don't know what that's going to take, Jeff, but that's going to take some, some time.
Jeff
I mean it's similar. You look at music, you know, over, over time and you get into periods of time where all music sounds exactly the same, one band copies the other. That is a very similar flavor to it. Maybe a little intonation, you know, spin. But from that point, you know, if. Same argument over, you know, rap music, you know, mixing existing songs that went through the courts, you know, there was a lot of issue over that, but.
Chip
They were actually using the song so they had to pay royalties on that.
Jeff
But yeah, so I'm just saying it's happened, it's happened over time. And then you think about all the recreated music, you know, Muse and it's, it's a lot of songs today that were written back in the 40s or 50s and they're recreating the music today and making it and people think it's brand new music and it's just a recreation or. Same lyrics. I was still Using, you know, the copyright.
Chip
Well, to your point, Jeff, you look at, like I look at the 40s. The 40s had a very distinct style, very big band. The 50s started with like, you know, incorporating like the rock and roll, the Elvis Presley, Little Richard, right. Got into the 60s, you had the British Invasion. So these decades sort of had their own sound. If you think of 50s, you immediately think, oh, I kind of know what that music period sounds like, right. Like you said, it's a period. It was like a lot of same sounding bands. If you, if you compare the bands from the 60s, you know, you had a lot. They were influenced by what came out of the 50s. Like the Beatles, you know, they. They took from. From, you know, Little Richard and, you know, and Elvis Presley and then all of a sudden they created their own thing. You look at the Beatles. Beatles were together seven years. They recorded for seven years. In the amount of history they made. They went from, you know, short hair dudes and they knew doing OO and ah to doing really, you know, getting into drugs and doing some really, you know, deep music coming, doing Abbey Road. Still the best Beatles album of all time in my opinion. Just the sound on that thing still holds up. And then the 70s, right, you had yacht rock, you had the classic rock, you know, Zeppelin, you know, and the. And then you get into the 80s and 80s had their own sort of like synthesizer sort of sound, right?
Jeff
The 80s, the 90s was grunge.
Chip
90S was like grunge.
Jeff
And then 2000 just died.
Chip
2000, that period sort of ended. It was all kind of just mixed in. Like if you think about the 2000s. Yeah, I can think of answers from that, that decade. If you think from 2010 to 2020. I can think of some bands in that decade, but we kind of lost that sound, right. That sound kind of went away. Like there's nothing.
Jeff
Yeah. How would you even label music to. Other than, you know, the big one now is just country rock. You know, country has gotten to be more mainstream, but country's been around. Country, I think is at the biggest.
Chip
Change.
Jeff
Overall in, in music, you know, because now it's be a more mainstream. But it's also as. Again incorporating more of a rock beat to it.
Chip
Right. Which is a little Black Sabbath lighting things up a little bit. Sure, man.
Jeff
There we go.
Chip
This is what, this is. What I love about YouTube is like you get to see all these, these, these bands get interviewed. Like they get on a podcast and you can. Because the interviews they do on a radio station back in the day. It would be like. And you might be an excerpt to that somewhere. But they have these knockdown sort of these drag out cool interviews. I just happened upon a guy who interviews like a lot of these 60s and 70s guys and he does a great job. He must have been like a worked in radio. He's got a radio voice, excellent delivery and he's got like no subscriber, like 2,000 subscribers. And I'm like, this guy's really good. There's like some really in depth behind, like how did you craft that, how the song come up? You know.
Jeff
And look at this one here, you know, with the acdc, Zeppelin, Metallica, man. I mean there, there's tons of great bands out there and it just, it's, it. So that's interesting this period of time. I think since we kind of lost a little bit, they're reaching back in time, right? That's why we're hearing a lot more 90s music. You know, the grunge, but that kind of followed through. I don't think you incorporated more kind of the grunge to the, you know, to thrash metal and metal kind of intertwined themselves in the 2000s. But that's why it sounded like music from before it. There is really no classification now. I don't even know how we classify the past 24 years. There's, there's not. How do you, how would you classify 2000, 2010? Every decade that's changed a little bit. But now we have no classification.
Chip
I, I saw, I wish I could find it, but I saw something. Somebody had a jacket on. Somebody took a picture of it and it was Rage against the Machine. And it was like in the 90s, they were raging against everything the Machine. Then they joined the Machine. They became the big, biggest sellouts ever. And, and someone had. It was like Rage against the Machine. It was like cartoon guys like dancing on stage and it's the rage against they, them Machine. So they basically joined the Woke crowd. They were the ones saying you couldn't see their concert if you didn't get a vaccine. I mean the ones that were raging against the machine joined the machine and became part of the system. What a bunch of.
Jeff
Man, it's, it's amazing. You know, you think about all of that and even, you know, think about Napster. Who was the biggest voice against Napster. I mean, granted they were, you know, losing royalties and losing money, but that was Metallica. Metallica is what helped bring Napster down.
Chip
Well, that's pretty cool hit. John Lennon's suitcase He took To Germany. You can't get it authenticated though. He picked it up at Abbey Road Studios. There's so many. I get so hooked on these channels that just go de and just. You'll always hear a little story or something you didn't know about. You know, some little tidbit about these. About the music. Like it made me almost want to start like just a podcast about music. You know, just do a podcast about music and. And talk about all that stuff. Since it's like a big, you know, obviously a huge. But a huge part of my life. Stoner rock and rollers all look the same to me. Dudes fingerlings their G strings when they're gyrating. Ah, come on, Jim. Do you.
Jeff
Don't be such a Barry Mang on the crazy rap.
Chip
There you go. Of course, there's a little known fact there. Mark Smith's very man look. Great. Let's get to some big stories here. So let's. Michael say there we go.
Jeff
Blondie with Rapture.
Chip
Yeah, there you go.
Jeff
That was another good one.
Chip
Rapture. The hip hop hibbit. The hibbit. The hip hip hop. You don't stop rocking to the bang bang boogie. See up jump the boogie of the rhythm of the boogie to be. That was what started it all, man. That started was.
Jeff
That was the first.
Chip
What was that was. That was a chic song they took and then they. That was the first time where they took another song and they basically just, you know, started rapping over it. Sugar Hill Gang. That's what it was.
Jeff
Oh, Sugar Hill Gang. Oh, yeah.
Chip
Yep. But then you had Curtis Blow. If you guys were like, if you guys know Curtis Blow, if you guys go back that far. But Curtis blow was also 70s dude and he was doing his thing in New Yorker. Yeah, Curtis Blow was an original. Original, man.
Jeff
I saw something on the first electronic music and there was this woman. She had all these real to real decks. She was recording sounds on each real reel deck and then playing each one of them and over sampling, you know, and. And she was putting them all together. She had like 5 or 6 real to real decks that she recorded a sound on. And that's how she created the electronic background music. And that was like in. That was in the 60s.
Chip
There you go, man.
Jeff
It's crazy.
Chip
Yeah. Sugar Hill Gang. That's it, right?
Jeff
2 Live Crew.
Chip
2 Live Crew 2.
Jeff
All the sellouts, Jeff, Remember that Rage, Green Day, Bruce Springsteen. Oh, Howard Stern for sure. And Cuban's a douchebag.
Chip
Yeah.
Jeff
How could anyone come out as more of A douchebag and ruin everything he's ever said. Is Mark Cuban. When he came out and said that there's no strong Republican women, they're all weak or whatever, he said, oh, that, that's, that's.
Chip
That's.
Jeff
I think that that's a. That's a. That ruins him. You don't come out and say something like that.
Chip
Well, he got so much backlash from all the. I never. My feed just filled up with just women that I forgot were even Republicans or even, you know, but they just gave him a tongue lashing. And the rumor is that the. The Harris told him to just stand down. You're not representing the campaign. Shut your mouth like this if you're not doing any favor. You know what I mean? Yeah, ELO a couple weeks ago. Yeah, ELO is great, man. Yeah. Tone Loke, Miami Hurricane fan, You know all about Uncle Luke. Of course. Uncle Luke, dude. Yeah.
Jeff
That's Run dmc, man. There you go.
Chip
Run DMC was great, man. Run DMC was phenomenal. Yeah, man. I still like that old school rap, man. Still like Tribe Called Quest, though. One of my tribe.
Jeff
Oh, man.
Chip
All time favorites, man. Love, love, love. There's so many good. There's so many. There's a lot of. A lot of good rap in the 90s. I don't know, kind of like it's kind of devolved a little bit. Even Snoop back in the day was. Was so much better, you know, but any who's. Let's go, man. Michael Sailor said, they have them paying tax. They have them paying tax on crypto. And I don't think that's right. Bitcoin is money, and you don't have to pay capital gains on tax. If you have to buy coffee and.
Jeff
You have to pay capital gains, yeah.
Chip
You have to pay. Yeah, you have to pay. He goes, I don't think that's right. I was talking with a friend. She said it really shouldn't be taxed. And I agree. And this is supposedly something that Trump said, although it's more or less hearsay, because it was.
Jeff
I saw the tweet. I gotta find that tweet. It was a whole statement that he made.
Chip
Jeff claims he saw it. I haven't seen it. I'm usually if you guys have seen it or someone has seen it out.
Jeff
There, it just happened like two days ago.
Chip
I must have missed that completely. But wow, look at that. I mean, if so, though, this is a. This is a huge, huge development. If this is the case, man.
Jeff
Look at this.
Chip
Elon Musk tweeted regarding some celebrities supporting Kamala. Even if everyone in music and entertainment endorses Kamala Puppet, it won't matter. The public sees through it. Any thoughts? I think you're right. I don't think it means anything. I think before, you know, before we became the media, what I mean by that is that any one of us can amplify a story that goes against. That's the counter narrative of what the. You know, the. The. The mainstream media is trying to do, which is all in. They're all Dems. They're all, you know, in for that. So I think it mattered at one time if a celebrity. Oh, celebrity Came out. But I think there's low. There's such a disdain for celebrities today. And they're all. They're all the Diddy. They're all on the Diddy list. That's weird. They all went to the Diddy parties and they're all coming out almost like a gun to their head, like, when they're endorsing. It's so weird, man.
Jeff
Yeah, it's.
Chip
It.
Jeff
It's. It's kind of crazy, you know, And Musk is making a really good statement on that, that Kamala's the puppet. All these entertainers out there are purely. That entertainers. Most of them are just very naive. No, no, it's fine.
Chip
It's good.
Jeff
Thanks.
Chip
This is a lucky love. Lucky MO too, which we. Who we met in person. Yes, I'm OG Rap. I don't listen to anything new. Tribe Called Quest was great. There's a lot of cool stuff out of there. I love to hear what others. What other stuff you listen to. It'd be cool to just talk about that as well. Mostly the Diddy victims. Yeah, pretty much. Pretty much all that. So, you know, I mean, and then, like, LeBron came out and endorsed Harris. And then you had Obama saying. Putting out a post saying, you should listen to Lebron, dude. What do you mean we should listen to Lebron? Right? I mean, who even talks like that? You should listen. I mean, who are you, like your past president?
Jeff
The fact that he's getting involved, Chip, as a past president, that they don't do that even. Clinton recently just had a statement on the whole Palestinian issue, and he's very outspoken about that because he did everything he could to create peace and the power in the. You know, Arafat basically just slapped him in the face and launched and launched an intifada war. And. And so. But his. As he's making the statement on this whole thing, he's Basically saying, there's only one president right now, so I have to be very careful on what I say and how I say it. Right? But he said, I think we're at the point where we have to start everything all over again from scratch. Right? There is. There is no starting point. We're at zero. And so. But then you listen to Obama and Obama's out there, you know, just making all these statements, and he's overstepping the line of what presidents, ex presidents, previous presidents normally do. They're doing everything in their power to try to get the one who wasn't elected. And, you know, she wasn't elected, she didn't win in a primary. And here they are, they're trying to influence an outcome. And we can see, you know, we talked just a little bit earlier about the corruption at the polls here. We have corruption at the highest levels of everything they're trying to do. And this is the only thing they have. They have no policy. They have no pause. The only thing they have are the celebrities, celebrity endorsements. And the celebrities are probably paid. And at minimum, they're useful idiots. The majority of them don't know anything from anything. The smart ones educate themselves and you hear them come out and speak. Look at Ricky Gervais. He came out in front of all of Hollywood, mocked every single one of them, and they all sat there laughing. I mean, what else are they going to do? He continues to mock them. And. And it's crazy because the majority of them are useful idiots. They're just paid for. For what? You know, what. What are they actually getting compensated for? And why does anybody look up to them? The majority of these celebrities, you know, they reach a certain status because they're good at memorizing lines or, you know, whatever it might be. You know, they. They haven't really done anything in life that really behooves people, you know, idolizing them, you know, and. And so. But yet they're going to idolize them to a point where, like Obama is going to promote an athlete and say, oh, you should all do what he does. You should all support K. I mean, that. It just makes zero sense. Yeah, because he's a good athlete means that he knows, you know, well, listen, he.
Chip
Bronnie, his kid is the worst basketball, professional basketball player in history. And you're okay with that? Getting your son on the. On on, you know, to play for Los Angeles, one of an iconic team, and the kids got zero skills. I'm sorry, man. Sometimes that apple falls way far from the tree. Most of the time. It doesn't. That kid has no skills. Nothing like that. Like, nothing like LeBron, right? And I was. And I love LeBron when he was with Miami, but, you know, I mean, it's. It's insane, but you want to hear, Chef, look at this. I'm glad you brought up Ricky Gervais, because this right here, this little clip right here says everything about the celebrity endorsements.
Jeff
Here we go, right? Others.
Chip
Hi, guys.
Jeff
Ricky G. Here, Wellness and beauty influencer.
Unknown
As a celebrity, I know all about.
Chip
Stuff like science and politics, so trust.
Jeff
Me when I tell you who you should vote for.
Unknown
If you don't vote the right way.
Jeff
That'S like a hate crime.
Unknown
It makes me sad and angry, and.
Jeff
I'll leave the country. You don't want that.
Chip
That's the greatest thing. I love it. It's the greatest thing ever. Play it again. I love that.
Jeff
Oh, my God.
Chip
I'll get mad, and I'll leave the country. Like, the great. This is, like the greatest parody on celebrity. This is the US Celebrity endorsements. Here it is right here.
Unknown
Hi, guys.
Jeff
Ricky G. Here, wellness and beauty influencer.
Unknown
As a celebrity, I know all about.
Chip
Stuff like science and politics.
Unknown
So trust me when I tell you.
Chip
Who you should vote for.
Unknown
If you don't vote the right way.
Jeff
That'S like a hate crime, and it.
Unknown
Makes me sad and angry.
Jeff
I'll leave the country, and you don't want that.
Chip
It's the greatest thing ever, man. It's like that one I went around a while ago, but then it started circulating again. I was like, thank God. Thank God I was able to find it, but, God, is that some funny dude.
Jeff
He's the best.
Chip
Oh, he is the best. I mean, that's. That will go down in history there. I mean, it was better than any roast. I mean, like, I've watched that so many times, and it never gets old to see him just piss in their face with that. And that was the best. And this is why most people don't like them, because they're so swarmy. They're so, you know, elitist. Better than you thinking. They're all, like, high and mighty. Look, you memorize lines, and you're able to recite them. That's what you do. Denzel Washington was in a recent interview, and I was watching it, and the guy. I have so much. I have so much respect for him because he said, you're saying about. They were like, asking a bunch of actors, like, what were your worst jobs and best jobs? He said, well, he goes, I worked as a garbage man. He goes, what was nice about that job was you had eight hours to do it, and if you got it done in three hours, you went home. And he said, and then I was, I don't know, a janitor or something like that. And he goes, that was. You were there eight hours whether you did the work or not. So he made a cool statement about it. He goes, but let's not. Let's not, you know, let's call it what it is. Acting is a privilege. To be in a movie is a privilege. And that's all it is. It's an extreme privilege. It doesn't, you know, it doesn't. It's not better than anything else or what people do. So play it one more time. You want to hear that one more time? Oh, the roast. Yeah, we should play that roast. That roast would be phenomenal. But I just thought to myself, my God, that, that Ricky Gervais is so freaking funny. Look at this here. This is Mark Halperin. Mark Halperin is famous Dem. But listen, what are you saying here? Check this out.
Unknown
First of all, revelation for me today regarding the battlegrounds states, it remains the base case that Vice President Harris is unlikely to win, according to my sources in both parties. Not sure thing, but unlikely to win. Georgia, North Carolina, Arizona. If she doesn't win those three states, she must sweep Pennsylvania, Michigan and Wisconsin as forecast here a long time ago. It appears that she's basically back to where Joe Biden was on the eve of the debate. One electoral college path to exactly 270 electoral votes. So our intense focus, the rest the way will be to continue to monitor to see whether she can actually win North Carolina, Georgia or Arizona.
Chip
Yeah. So the other thing is she pulled all the money out of North Carolina, which. Which is very telling. Their internal polls say that they don't have a shot in North Carolina. So they're going to dump the resources and time to where they think they can win. But if we think about this, Jeff, here's what you want to see. How crafty this Kamala Harris is. I'm going to play this little bit here from, from cnn because first of all, I was shocked that CNN did this. But second of all, let's listen in this clip. I don't want to give too much away, but let's listen to this tonight.
Unknown
Mixed messages. A K File investigation this hour finds Kamala Harris is targeting crucial battleground voters with vastly different messages on Gaza and Israel.
Chip
This ad is running in Michigan, which.
Unknown
Has the largest Arab population in America, what has happened in Gaza over the past nine months is devastating. We cannot allow ourselves to become numb to the suffering. And I will not be silent.
Chip
All right.
Unknown
Well, it's a very different story for an ad in Pennsylvania targeting Jewish voters.
Chip
Let me be clear.
Unknown
I will always stand up for Israel's right to defend itself and I will always ensure Israel has the ability to defend itself. Because the people of Israel must never again face the horror that a terrorist organization called hamas caused on October 7th.
Chip
She's full of shit.
Unknown
Different message.
Chip
Andrew Kaczynski is out front now.
Unknown
So Andrew, those obviously do sound starkly.
Chip
Different, to say the least. Tell me more about what you found.
Unknown
Yeah, that's right. And look, this really illustrates the sort of fine line that the Harris campaign is trying to walk here. Fine line weeks closing days of this campaign on the issue of Israel. Here you have two entirely different constituencies and they are getting two entirely different messages. There are often times these constituencies have very opposing views on this. If you are a Jewish person in Pennsylvania, you saw that ad that you're getting, you are getting that ad that talks about how strong she is in Israel. If you're a Muslim voter in Michigan, you are getting that ad on Facebook that's talking about how she won't be silent on the issue of Gaza. Now what's really interesting here is that ad that we just played, the one that's going to Jewish voters in Pennsylvania. Now it sort of sounds like those two clips of her talking about Israel are together, but they actually cut part of it out. Take a listen to what they cut.
Jeff
Unreal.
Unknown
What has happened in Gaza over the past 10 months is devastating. President Biden and I are working to.
Chip
End this war such that Israel is secure, the hostages are released, the suffering.
Unknown
In Gaza ends, and the Palestinian people.
Chip
Can realize their right to dignity, security, freedom and self determination.
Unknown
And you've seen too that she.
Jeff
Kuwait. Tell that to Kuwait, Lebanon and Jordan.
Chip
Right.
Jeff
And then we can talk. If we go back historically under the, under the British mandate and when they carved out Trans Jordan, Trans Jordan really should have been. They were going to create a Palestinian state, it would have been Jordan. But that's a whole different conversation that we can get into. But there. Here's another video. I thought this was interesting. Let me just put this up. It was you and I talked about it briefly, but it was the Washington Post. And I just think, you know, we're starting to see a meltdown, you know, amongst, amongst the general media.
Chip
And Bezos said we're not going to endorse a candidate and oh, we don't have sound on it.
Jeff
Oh, oh, I forgot to add the sound. Hang on.
Chip
Yeah, go ahead. But what this is, you know, this whole thing of. We thought he was like changing his opinion. He's like, no, no one trusts the media. I'm like, well, when you, when you see what happens in this clip, it's pretty obvious why you don't trust them. Because they're just full of.
Jeff
Right. They leave out, they make stories up. They're twisting the narrative.
Chip
Cheney with the barrels. I mean, the point that Trump was making, it says, yeah, you know what, you want to be a Warhawk. Great. Well, how do you like to be holding a rifle with nine pointing back at you right in your face? He was saying, like, how would you like to be. You put yourself on the front line when you got guns and then let's see how much you want to do war. And the media over here spun it. And I got, and I also heard from, from Matt, my buddy Matt over there in, over in Australia, he was like, he sent me, he's like this. The media was doing it all over Australia. I mean, the whole thing, the whole non stop thing of, of the, of making stuff up. And I was like, that's not what he said. And they only played the clip to where. And they said about, you know, I'm gonna. Whether women will like it or not. And then they played that clip. You see who, he thinks she's an authoritarian. And he said he's gonna. Women in sports. He's not going to allow women to be miss, you know, miss whether they like it or not. His job is to protect all women.
Jeff
Just to protect them. So I'm going to protect them whether they like it or not. And yeah, they, and Kamala Harris is promoting it is all about abortion.
Chip
This is what happens when you don't have a platform to run on. You don't have any results to run on. You have to go back to when you were a prosecutor 15 years ago. That's because you're empty suit. You're an empty vessel. You were select, selected, not elected. It's time to bounce that witch.
Jeff
That's it. All right, let's go real quick.
Unknown
Me or does it seem like this week Donald Trump is laying the groundwork for contesting the election by complaining that cheating was taking place in Pennsylvania, by suing Bucks county for alleged irregularities. And this is on top of his continual assertion that if he loses, it's because of cheating. Yeah, that's what he's Been laying the groundwork for this, just not in the last week, but in the last umptyump months. No election can be fair unless Donald. In Donald Trump's mind, unless Donald Trump.
Jeff
People are so duplicitous and they're mentally.
Unknown
Ill, are going to see him both rev up his supporters to contest elections outside of courtrooms and go to every courtroom he can in America where it's relevant to make whatever arguments he can, no matter how far fetched. We saw last time, but it didn't work out. That may not happen this time. And now I'll let you go.
Chip
Let her finish. You just gotta say we're news people.
Unknown
Even though we're at the opinion section, it's got to be reported. Bucks county was reversed by the court and instructed to open up extra days because they violated the law and told.
Chip
People to go home.
Unknown
So that lawsuit was brought by the Republican National Committee and it was successful?
Chip
Yes, it was court ruled that Glenn Youngkin was successful.
Unknown
We are news people, even though we have opinions and we have to report the whole story if we bring up part of the story. So yes, he's upset about Bucks county, but he was right and he won in court. That's the story.
Chip
Watch this, watch this, watch this.
Unknown
Jonathan. No, I just don't appreciate being lectured about reporting when Hugh, many times you come here saying lots of things that aren't. I won't come back, Jonathan. I'm done. This is the most unfair election ad I have ever been a part of. You guys are working. That's fine. I'm done. So, Ruth, you wrote a column this week ending.
Chip
The best part is she freezes up. What?
Jeff
Right. I know.
Chip
This is the best.
Unknown
We're going to put it on the screen. You wrote. You want to know the stakes of this election. Not only democracy, but decency. Talk more about that, Ruth. Okay. Collecting myself.
Chip
What a shit show this is.
Unknown
Ruth froze.
Jeff
I love this.
Unknown
Ruth is frozen.
Chip
Nobody trusts the Washington Post.
Unknown
Everyone. We're gonna see if we can try to get Ruth.
Chip
I don't like to be lectured.
Jeff
They never get her back, which is great.
Chip
Which. My God.
Jeff
Oh, my God. But it's so crazy when we see, you know, and any, any final, you know, Hewitt stands up for what's right and he's 100 accurate, just like the CNN. Why all of a sudden are. Is CNN now deciding they have to report fact? But for, for years they've never supported fact. They, they edit, they clip, they. They, you know, cut out sections. And this is what they've been doing, you know, from the beginning. And you see it, and it's crazy because when I hear it from strangers, you know, it's one thing, you know, I've had so many conversations with my dad about this, and I. I don't know at what point he kind of changed, maybe now that he isn't working and he's home and he watches the news all day, but he's been like, his. He's been infiltrated by mainstream media. And we had a conversation, he was over at the house a couple weeks ago, and we're having a conversation about it. He said, so you're telling me that. That there's corruption at the highest level, that there's all this deception going on, that they're doing this in the media and nobody knows about him? Like, people know about it, obviously, where people are talking about it. And then, and then I said, well, what about what's going on, you know, with the Federal Reserve? Because we know where he stands on, on all of that. And he goes, oh, you know, he said, don't get me started on that, because he has similar viewpoints as you do on, on all of that, you know, and so we start talking. So. So it can occur there, but it can occur with the mainstream media, right? And I said, so. So you can't have one and not the other. And I said, how about all the. The major Ivy League universities who saw what happened, you know, with all the pro Islamic that's been going on for years, how come you didn't see that? You know, but that's been happening and all these. And so I just broke down all the inst. And I said, so I said, you need to stop watching the media. Stop watching the news. Don't watch the mainstream media. It's just filled with garbage and they're manipulating everything that you think. And so I said, just stop, you know, just start reading going on. Go. Go back and watch the original clip, you know, because we were talking about all the things that Trump has said and how they've manipulated and spun it, right?
Chip
But this shows you how, how somebody really intelligent who understands how you can kind of get wrapped back into it. Like, I get emergency tweets from my dad all the time. He's like, oh, did you hear what happened? Do you think this is going to ruin Trump's chances? Like, he's like, you know, he early voted for Trump. He's like, do you think this is going to ruin his chances? I'm like, chances for what? Like, I have to set him straight on everything. And I'm like, dad, please turn off Lester Holt. He loves watching Lester Holt every night. I'm like, NBC is. He watches him, and I'm like, how can you watch a guy where his top lip never moves? I'm like, come on, stop it.
Jeff
I find it.
Unknown
It's.
Jeff
But it hits home, right? It's so close to home, and it's crazy.
Chip
He goes, I like to watch. I like to see what both sides are thinking. I'm like, that if, you know, they're both sides that don't watch it anymore, Right. I tell them the same thing. I'm like, dad, just stop, okay? Stop watching this. He's like, yeah, but they said this. And then. But they were saying this and everybody's thinking. I'm like, no, they're not. I go, they lost their influence. Their ratings are going into the toilet.
Jeff
Yeah.
Chip
You know, one thing about Trump is like, remember Trump the first time when he said fake news? And, like, fake news. What? So stupid. What a. Now it's a world. It's a worldwide term. Fake news to describe the leftist elite. Narrative bullshit. Right? I mean, now we. Oh, that's fake news. Right? Everyone calls it just fake news. It's so funny. But it was Trump the first. Someone had to say it the first time. And people forget that. You know, he's the one that called it out. Now we call it all fake news. Just garbage. But I want to play one clip before we get out of here. This is an anonymous clip. Anonymous released this. You know, Anonymous is always talking about all kinds of. But I was surprised to see this one. And who knows? Anybody can forge an anonymous clip these days, right?
Jeff
Yep.
Chip
Donald Trump is not even a person anymore. He is a symbol. He is a symbol of the average, everyday guy that keeps getting screwed every single time. Watches other people screw up big banks, screw up their companies and get away with it. They see people all the time doing stuff that they know if they did, they'd be in prison for 20 years. But because they're not part of the elite, they get away with it. Donald Trump has taken arrow after arrow. And that's why this is the way the average American feels tonight. This guy has been taking the bullets for the average person now for years. And the people on the right feel like he's the only guy that really gets what the people are feeling. And it's not going to end well for the Democrats in the next election. I don't know if Donald Trump is the winner or not, but I will tell you this. You're not going to stop 100 million people. This country is in shambles, and there's going to be a hundred million people that will walk on broken glass and through fire to vote for someone other than this corrupt banana republic administration. There you go. Pretty much. Well, let's get out of here, Jeff. I got a whole busy day. I got a. Gotta go run some errands and stuff and got lots to do.
Jeff
Yeah. Tomorrow night I'm gonna find. There was a really good statement from JD Vance where they were questioning his loyalty.
Chip
Oh, yeah, that's great.
Jeff
And he said, what is Kamala, you know, what has she done, you know, to. To show that she's loyal to this guy? He, you know, he served in the military. He was over, you know, in a war zone, built a business, and he said. And. And his running mate took a bullet.
Chip
Yeah.
Jeff
For. For the country, you know, that's it. Like, what has she done? You know, it was such a great statement.
Chip
Win Alchemist. Let's hope we're celebrating that on Tuesday. Jeff, are you gonna live stream? I. I unfortunately have to travel, but.
Jeff
I'm planning on live streaming the election results Tuesday. I know. So that. I think that that'll be really great. We'll kind of, you know, workshop it as it goes. We'll start at 8pm as things are closing. It'll be kind of fun. Kind of go through the real politic of it to see how things unfold, you know, it'd be for sure.
Chip
Let's get out.
Jeff
Get somebody. I'll get somebody on here with me to. To dissect it. We'll see who that might be.
Chip
All right, well, we'll see you guys on. I'll be on tomorrow night, but I won't be on Wednesday night, so see you guys later. Chip and Jeff.
Unknown
Ow.
Chip
Selling pretzels. You're ruining my outro here.
Unknown
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Podcast Summary: "Trump No Tax on Crypto - XRP Garlinghouse Pro Trump?"
Title: On The Chain - Blockchain and Cryptocurrency News + Opinion
Host/Author: On The Chain
Episode: "Trump No Tax on Crypto - XRP Garlinghouse Pro Trump?"
Release Date: November 2, 2024
Timestamp: 00:01 – 00:58
Jeff and co-host Chip kick off the episode by highlighting the intertwining futures of cryptocurrency and the United States. They set the stage for discussing recent positive narratives in the crypto space, particularly focusing on XRP and its CEO Brad Garlinghouse's apparent support for former President Trump. Jeff emphasizes the importance of these developments in shaping both the crypto landscape and national policies.
Notable Quote:
Jeff (00:58): "XRP Garlinghouse tweeting out a pro Trump candidate. We're going to talk about that. And is Trump supporting no tax on crypto... very well might be no tax on crypto transactions."
Timestamp: 03:46 – 15:24
The conversation delves into Ripple's Q3 2024 XRP markets report, which highlights milestones such as the launch of the ETH ETF and the announcement of their stablecoin, rlusd. Chip expresses mixed feelings about the report, expecting more substantial updates. They discuss institutional interest in XRP, noting filings for XRP ETFs by firms like Bitwise, Canary Funds, and 21Shares, alongside Grayscale's XRP trust initiatives.
Chip critiques the persistent focus on Ripple's legal battles with the SEC, arguing that XRP now enjoys legal clarity in the U.S., which negates the relevance of Ripple's ongoing disputes. Jeff and Chip emphasize that XRP's stability and institutional backing make it a robust investment despite Ripple's shifting corporate strategies away from XRP in favor of other cryptocurrencies like Ethereum.
Notable Quotes:
Chip (05:00): "The SEC's war on crypto has lost battle after battle. Their continued disregard for the court's authority will further erode the SEC's credibility and reputation."
Jeff (14:19): "The one thing with XRP is that once it hits its point, it always just seems to maintain some sort of stability."
Timestamp: 15:24 – 28:06
The hosts transition to discussing the surge of meme coins on the XRP Ledger (XRPL), comparing them to historical analogs like penny stocks. Jeff points out that while XRP offers stability, meme coins represent high-risk investments with potential for quick gains followed by steep losses. They explore the landscape of over 357 pages of meme tokens on platforms like First Ledger, highlighting the proliferation of tokens such as "Drop" and "Gensler."
Jeff draws parallels between meme coins and earlier speculative ventures, noting their lack of utility and longevity. However, Chip counters by acknowledging the community-driven aspect of meme coins, likening them to collectible items like Beanie Babies, which hold cultural value despite fluctuating market prices.
Notable Quotes:
Unknown Speaker (15:38): "Meme coins, they have no value. They never will have value. They will never, ever have value."
Jeff (24:43): "People are bored in the bear market. You have to keep some excitement going."
Timestamp: 28:06 – 43:49
Jeff and Chip analyze Brad Garlinghouse's recent tweets supporting Trump, suggesting a strategic alignment with both conservative and progressive factions to maximize Ripple's influence. They discuss Garlinghouse's retweeting of pro-Trump content, signaling potential political maneuvering to secure favorable regulatory outcomes for XRP.
The hosts express concern over Ripple's dual approach—backing Trump while some of its associates support Democratic candidates like Kamala Harris. This perceived ambivalence could alienate investors who favor a clear political stance. They debate the implications of such actions, pondering whether Ripple is attempting to appeal to a broader audience or if it’s an effort to hedge against uncertain regulatory environments.
Notable Quotes:
Chip (08:55): "President Trump will be America's first crypto commander in chief. That's a pretty big deal... the most proof we've ever seen."
Jeff (10:48): "Ripple donating to Kamala will lose investors. Even if it's a great project because of its morality..."
Timestamp: 43:49 – 70:48
The discussion shifts to the broader political landscape, focusing on the upcoming U.S. elections. Jeff and Chip critique the integrity of the electoral process, highlighting issues like low voter turnout in primaries, questionable voter ID laws, and perceived media bias. They argue that the mainstream media manipulates narratives to favor Democratic candidates, undermining trust among the electorate.
Chip shares personal anecdotes about trying to convince his father to disengage from mainstream media, emphasizing the pervasive influence of media narratives on public perception. They underscore the importance of grassroots voting and local elections, suggesting that meaningful change starts at the community level rather than relying on national endorsements or media influence.
Notable Quotes:
Jeff (32:50): "People don't go out to vote. That's a massive, massive problem."
Chip (60:50): "There you go. If so, though, this is a huge, huge development."
Timestamp: 50:37 – 57:19
Jeff and Chip critique the role of celebrities in political endorsements, asserting that celebrities often lack the substantive knowledge to influence public opinion effectively. They reference a parody clip featuring Ricky Gervais mocking superficial celebrity endorsements, illustrating their skepticism towards endorsements that lack genuine expertise.
The hosts argue that while celebrities can amplify messages, their endorsements are frequently perceived as empty or financially motivated, thus diminishing their impact. They caution listeners against placing undue trust in celebrity opinions, advocating instead for informed decision-making based on factual information.
Notable Quotes:
Chip (56:37): "That's the greatest thing ever. It's the greatest thing ever... it's the greatest parody on celebrity."
Jeff (57:10): "He makes a cool statement about it... that Ricky Gervais is so freaking funny."
Timestamp: 70:48 – End
As the episode winds down, Jeff and Chip reflect on the current state of crypto and politics, expressing concerns about regulatory challenges and media influence. They anticipate a tumultuous election period, with Trump potentially contesting results based on alleged election irregularities. The hosts plan to live-stream the election results, aiming to provide real-time analysis and foster informed discussions among their listeners.
Jeff and Chip conclude by reinforcing the importance of vigilance in both crypto investments and political participation, urging their audience to stay informed and engaged.
Notable Quotes:
Chip (74:52): "Donald Trump is not even a person anymore. He is a symbol... the average American feels tonight."
Jeff (74:18): "Tomorrow night I'm gonna live stream the election results Tuesday. I think that'll be really great."
XRP and Regulatory Clarity: XRP benefits from legal clarity in the U.S., attracting significant institutional interest despite Ripple's shifting focus.
Meme Coins Surge: The XRPL hosts a vast number of meme coins, embodying high-risk speculative investment akin to historical penny stocks.
Political Maneuvering: Brad Garlinghouse's mixed political endorsements reflect Ripple’s strategic positioning amid polarized U.S. politics.
Media Skepticism: The hosts critique mainstream media's role in shaping political narratives, advocating for grassroots engagement and informed voting.
Celebrity Endorsements: Celebrity political endorsements are viewed skeptically, often seen as lacking substantive influence.
Election Integrity Concerns: Issues like low voter turnout and perceived electoral manipulation are highlighted as critical challenges in upcoming elections.
Follow On The Chain:
This detailed summary encapsulates the key discussions, insights, and conclusions from the "On The Chain" podcast episode, providing a comprehensive overview for listeners and newcomers alike.