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Jeff
Welcome to on the chain. This is Jeff with co host Chip. What is going on, Chip, what's going on? Everybody out there in the XRP universe hanging out here on the chain, why is XRP more important than ever now? The truth might surprise you. We might talk about that.
Chip
We might.
Jeff
That might be maybe today it might not be. Tune in to hear more because we have a lot of things to dig into. We're going to talk a little bit about crypto, geopolitics and xrp. You know the thing.
Chip
You know the thing. Maybe some bitcoin. Maybe it'll be all about bitcoin today, right?
Jeff
All about the bitcoin.
Chip
You know the thing, Jeff.
Jeff
You know the thing.
Chip
By the way, I'm pretty impressed. We got three entries into the yeti already. The yeti giveaway for an nft. We got a good one today. A good one, man. You guys are gonna be clamoring for this one.
Jeff
That's right.
Chip
It's gonna be a good one. Are you ready to set this on fire, Jeff?
Jeff
Let's go.
Chip
Let's go.
Jeff
Let's do this.
Chip
Welcome to on the Chain. Welcome, everybody. Drop where you're coming in from today right now. Let's do it. Let's go. I want to see people from all over the world. Hey, hey, hey, hey, hey, hey, hey, hey, hey, hey. Look at everybody coming in here. Crypto investigators on the case as always. Got lethals in here. Beautiful. Look at that dude. He's got the badass yeti. I mean, this is just gets better all the time. Just gets better. Look at that. Crypto welps in here, of course. Got Jimmy B. Xrp, baby. Got Matt laroche live from his queen size bed down under.
Jeff
Isn't it only like 10, 11, 12?
Chip
Yeah. By the way, I was watching my favorite Aussie youtuber and he had to go. He went through that cyclone too. Didn't get hit hard by because I think he's a little bit far away. But hopefully, Matt, you guys survived. I don't know if you incurred too much damage from that probably a lot of times. And of course he survives live from his queen size bed. What can you. What else can you. What else could be better than that? John pages in. He's got the check there. Cash velocity, Zober 2 miles high. Colorado. Colorado's a beautiful, so beautiful man.
Jeff
John Page is checked in.
Chip
He's checked in. There is the check.
Jeff
Annie Mountain. Annie Mountain.
Chip
Miguel Castillo's in here from New York. One rough week and of course rough week and of course it wouldn't be a Saturday show without Rough Rican in the building. Building. You gotta love that. Well, Jeff, there's so much going on these days with. Well, with crypto in general. I mean, the market's been taking a little beating. You know, bitcoin's been down. Of course, bitcoin usually a pretty big driver in the marketplace and what used to be called micro strategy now strategy. I saw Jungle put out a good video that they could potentially be in trouble because their average, their average buy in for bitcoin is now 66k. So. So if it drops below that, they could be in a little bit of trouble. And of course, you might get a lot of hot water. Will he double, triple, quadruple down and buy More? Probably.
Jeff
Probably.
Chip
I mean, it's probably a good bet. Look at that. Kill two birds with one stone. Checked in with the yeti. He's entered officially and he checked in from Boston. There you go. So that Mayor Boston's on a loon, man. What a looney tune. What a nut job. And Rough Rican can't take any of that. He doesn't like any of that. A 54 boat. The more. Dude, you got Wi Fi out there. What are you. Are you. Are you docked or are you. Where are you? He's always on these cool boats, man. That's what Mike does. That's why he couldn't go because he was on some. He was on a boat race that weekend that we were done. We were up in. Where is that? Cape Canaveral.
Jeff
Oh, man, that's pretty awesome.
Chip
I'm gonna have a drink with Dirk when we were back from Thailand. That's really awesome. Well, guess what? Dirk is going to be on the show tomorrow evening, people. Dirk from X Factor. It's going to be epic.
Jeff
X Spectre.
Chip
We love Derek. Of course we've. Jeff and I've had the. We've hung out with him in Miami. We hung out with him in Australia. You know, it's. He's a good dude. He's a really good dude. Good dude. Good project. One of our favorite people in the space. Got vero beaches in here just north of us there. Jeff. We got. We got so flow. So fl. Who's in the house? Oh, we're up to 11. I'm pretty impressed with that, Jeff. I. We went from 0 to 100 and 0 to 11. Well, close. I mean, 0 to get more people.
Jeff
Tuning in right now and we'll be good to go. We're just going to hang out until everyone shows up.
Chip
Where, where the hell is everybody? Damn it.
Jeff
I know. I think since the mark is red, people are in a state of depression. Yeah, the market's been suffering across the board. So now, now we're starting to see that legacy market and crypto market are kind of running in tandem with each other. And bitcoin, as always, kind of leads the charge. So with bitcoin a little bit suppressed, man, Palantir is down all sorts of, you know, big, big movers and shakers have taken a little bit of a beating. But yeah, but when we talk about beating, if we, if we go back six months ago, a year ago, man, things are still looking up. You know, with Bitcoin sitting at 82,000 and XRP hovering at $2.10, I think what everybody really wants to see, and we want to see that momentum, but man, the markets are, are, you know, completely tied to this psychology and just psychological state of individuals. You know, as we look at things, politically speaking, Chip, I would have to say that the powers that be are looking for a Trump failure, whether it's in crypto or in regular finance. And they're going to do everything they can to disrupt the economic well being on a global scale. Just like they did before, they're going to try it again. But this time as things are shifting back into the hands of the people and becoming more decentralized in nature, it's becoming more and more difficult. The thing is, is that people still stick to those psychological ups and downs, you know, and, and it's just like Mike's over there on the boat. It's kind of like being out on the boat on the waves, you know, it's just like lows and you know, and then the markets are, it's, everything is so intertwined together from the geopolitics to the emotional mindset of people, of investors. You know, you have so many retail investors that, you know, just listen to the day to day shows like a Jim Kramer and they're so tied to, you know, and it's crazy to see how they hype things up, Chip, and then break it down. So you'll hear one, one week like a Jim Kramer type or any of them on any of these media outlets, they'll hype up something. This is the greatest thing ever. And then the following week, this is the worst thing ever, you know, or it'll be the vice versa. They'll come out like with Palantir. Oh, it's so risky. Why would you do that? I don't think it's going to succeed. And Then, and then a week later the same guy is like, this is the greatest thing ever. Have you seen?
Chip
That's when you sell, right? I mean when you're like, volunteer's not down enough, Jeff. When it dipped down to five bucks, right? Because I bought in around eight, nine. And that was like I was excited about it, but it dipped to five and I kind of missed it. And now when I realized that I was like, oh dude, it dipped to five. You could have just loaded up on it. It went over a hundred. I mean, my God, what a great return that would have been. But I don't think it's dipped enough for a buying because I think it's going to head back up if it comes down more. Might have to do that.
Jeff
But I'll tell you what's exciting, Jeff, right?
Chip
I'll tell you what's exciting. When you have an. When you name an app appropriately, when you have the right name for a payment system, it's going to excel, it's going to do fantastic. And what am I talking about here? I'm talking about none other than the Chipper app. The Chipper Chipper, okay. It's appropriately named the Ripple came out with this. She said Africa's payments landscape is evolving. Crypto enabled trans actions are at the center of the, I don't know, Earth universe, whatever. The Chipper app and Ripple are teaming up to enable faster, more cost effective cross border payments. Where, Jeff? Into Africa. This is a fantastic development here. And then we had Chipper Cash weighing in on it. Here they are right here. Africa's payment landscape. Same thing. Teamed up with Ripple using this. See how it's shaping the partnership. And there you go. Chipper. I like that. I guess that. I guess I'm gonna have to abolish my plans to come out with the Chipper app. I'll just have to make it the Chip app next.
Jeff
Not gonna happen.
Chip
Yo, Chipper. That's my other nickname. Chipper.
Jeff
Chipper.
Chip
So Chipper buddies call me so Chipper. And then look at. This is crazy. Even CoinDesk picking up what they really would ever shy away from. Any stories Ripple or XRP related are starting to get into it because I do see that drives views. So here they are talking about Ripple today. Said, said it was partnering. Did they. Did they mean it, Jeff? They said it was partnering. Look at this.
Jeff
Balloons, baby, balloons and everything.
Chip
The Chipper Cash. Chipper Cash, a payments provider serving across Africa support cross border payments into the continent. This is a really good thing. So Ripple put a whole article together on this thing, press release and everything. Got a love by leveraging the solution, Chipper cash, which has 5 million customers in nine countries across Africa. And you think about it, that's, that's a decent amount. But it's also pretty new when you think only nine countries as well enable consumers receive funds from around the world 24, 7, 365 days a year, reducing time to friction, making moving value in Africa dramatically more efficient. Let's see, blah, blah, blah blah. Reese Merrick, managing director of the Middle east and Africa at Ripple said by integrating technology in the Chipper Cashes platform, we're enabling faster, more affordable. And that's the key thing, Jeff, because you know when you move money to Africa too, you're getting, you're getting just crushed. 8 to 12%. You know, usually you're paying a fee. So it's a, it's an interesting development. You gotta love this. Hamza Rojoji Suran Joji said he's the co founder and CEO of Chipper Cash. He said though through integrating with Ripple's global payment network, we're excited to be able to harness that transformative potential blockchain technology to enable consumers receive payments faster to lower costs. That was not written by an attorney, Jeff. That was totally not legalized or.
Jeff
No, somebody came up with that off.
Chip
This is what I love. You guys know the behind the scenes of like press releases. They are filled with statements that and people that are quoted. How do I know this? Because I've done it. They're filled with quotes of people who never said it, who probably or say something similar. But it's always authored by either a wordsmith and always looked at by an attorney. And the attorneys always ruin it because they're like, you can't say that. You got to use this word. And then it starts looking at jumbo, Jumbo and that stuff. Weird stuff. Now if you remember this, Ripple's partnership with Chipper Cash expenses footprint in Africa which started with Onafric and that probably, I don't know what that means but that was what it started with back in 2023. So it's nothing there. But this is interesting. Ripple Payments has a near global coverage with 90 plus payout markets representing more than 90 coverage of the daily FX markets processing more than 70 billion in volume. And that's still new. That's a lot, Jeff. It's an amazing amount of payments for 90 of the FX markets which is a good thing because that's where we get into trouble of course, across. Look at all these yetis, we got 16 already. Usually takes us to the 20 minute mark. Let's see. Oh, Jim D officially rigged. Now. Jim D is a frequent winner, but I will say to Jim D's defense, he has given away at least in two occasions. He's given up his badass yeti. We've seen that. So. And of course, how cool was it hanging out with Jim D in Florida?
Jeff
Yeah, very cool.
Chip
Do you remember that? That was fun.
Jeff
I do remember that was a lot of fun.
Chip
Jim D. I really enjoyed that moment. And we try to get together a little bit during the weekend. It's. Their schedule is just kind of, kind of tough to. Because we had a dinner, we had other things but it was really cool hanging out so thoroughly. Enjoyed that. XRPL Korea. Look at this, Jeff. This is insane. They put on a hackathon debut in 2025, March 22nd, 23rd. XRP Korea and debutler which is the conference there for. It's a Web3 conference. They put on this amazing freaking hackathon. So it was Web3 Hackathon based on XRPL and the XRPL EVM sidechain held the Kwangun University the. Well, the event welcomed 200 plus participants, 24 teams gathering builders, founders, students eager to develop a meaningful. I mean what's going on in Korea is just incredible. Dude, look at the amount of people and look at. They're all young. Gosh, it look like they. Look at my kids age. My God, he's feeling old now, Jeff. But look at this. Look at how many people showed up to do a hackathon on the XRPL with web3 in mind. It's just amazing, man. I love to see this because obviously we're in Australia, you know, we, we learned that Korea is South Korea, of course, very. The. It's such an epicenter of crypto and I think more people there per capita owned crypto than almost anywhere else in the world. And XRP is very popular there, right? Of course, Jeff. You cannot be coding and hacking without a cry. Cheeseburger. That's something that's going to be. Look at that. You got to have some fast food, you got to have some, some caffeine. It's funny because like if that was, if that was us, Jeff, we'd have, we'd have like espressos and coffees and they're drinking sodas, they're drinking cokes and stuff, right? Everybody's got some caffeine. Everyone's caffeinated over here. While they're, while they're Coding. Look at this. How impressive is this? I must. They must have got food brought in, because I see that that's sitting on almost every table there. But just sitting around doing hacking, man.
Jeff
Morning from Belgium.
Chip
Belgium, where? It's 1:30 in the afternoon. Beautiful, right?
Jeff
Kimchi mayo on your burger. That's right. And that'd be awesome.
Chip
I love kids. I love that Korean food, too.
Jeff
Kimchi on the burger. Oh, yeah, Yeah.
Chip
I asked my wife. I go, do you want to go to Japan? She goes, I really do, but I really want to go to Korea. She wants to go to South Korea. I told her, I said, I've heard it's horrible there, but I love. And I want to go too, but I think Japan's a little bit. I'm like, well, we might have to do both. That's just the way it's gonna have to be. That's just the way it's gonna have to be, Jeff. You know what's funny, Jeff? It's like there are people in the space. Two people come to mind. Dark Horse is one of them, and the other one is Scams the Scams guy. And all he tries to do is bust on XRP and rip all the time. Like, dude, how much time in your life do you have to just be egregious on something? I. I don't quite understand it myself, right? But he put out this whole thing. This is funny. He goes, did you know that XRP can be clawed back? Now you're gonna say it can't. No, it can't. Dark Horse. XRPL is decentralized. Clawbacks aren't possible, especially being used on xrp. Stop being an idiot. And technically, you're right on chain. But off Chain and Ripple contracts, XRP was clawback enabled. Here's what Ripple doesn't tell you. Ripple's institutional sales contracts had clawback causes baked in it. Now, of course they do, because if something goes off the rails, this is about compliance. And this is what some people in the space cannot understand. When you're dealing with a buy of something, it works pretty much like a credit card. It can be reversed. Now, you're not talking about XRP on chain. So the point he's making here is really pathetic. Because if a partner failed to hit the XRP trading volume targets for three consecutive months, Ripple could legally demand the XRP back. Well, of course, dude, you have a contractional obligation like, I love people that will waste an enormous amount of time to make a ridiculous point. It's like, yeah, okay, off chain, you Can. So, okay, so what on chain? Doesn't matter. So are we talking about crypto here? That's on chain. Are we talking about Ripple, a centralized company that sells XRP or provides it, maybe at a lower cost, if you hit a certain, you know, target. These weren't free sales. They were performance contracts disguised as adoption. No, this is called how business is done. This is nothing. Jeff, is this anything new that you would, that you would. You would give away XRP for people to be able to hit targets and use stuff?
Jeff
Right? I mean, you know, that. That's the whole point, is that they're putting it out there with a partner under contract with expectation, and there's certain measurables. If you don't hit the measurables, you don't hit expectation. Guess what? Under contract, it's coming back. So here, every. Every partner was contractually forced to sell XRP every month to meet volume targets. The whole objective is to also see movement. All right? So if, if you're hitting certain trade volumes, you. You have to do certain things again, certain measurables, and that's it, you know, and so, but it's interesting. This wasn't a free market. It was a synthetic, centrally controlled liquidity scheme.
Chip
Scheme, Dude. I mean, if you apparently work for somebody because you apparently don't know how, you never run a business. You don't understand how business works. You certainly don't understand how marketing works. That's why Ripple lost an institutional sales in court, because they weren't real sales. They were structured, manipulated, forcible market making deals. Hence the fine and the findings of them being security contracts, another falsity. But I mean, there's so many things that are wrong with it. But I just don't understand why, like, and I like Dark Horse. A lot of stuff he says is. He does point out a lot of stuff that's spot on, but sometimes he gets it wrong. And I'll point it out too. It's just like, dude, it's like saying, you know, you know, fast food, all fast food's bad for you. But did you know some fast food's good, like the salad place. I mean, who cares? It's like, okay, yeah, on chain, XRP is not. You can't claw it back. Yes. But off chain. Oh, but this is not necessarily off chain. These are contracts that are signed by two consenting parties that agree to the terms and conditions inside of a contract. And if you don't meet those conditions, this is what happens. So there's no free ride if you're not doing what you're supposed to do in a contract. Guess what? There's repercussions. There's consequences. But thank you to Daniel. Who's the. Who is who? I don't know if you knew this Jeff, but he is the CEO of the xrpl.
Jeff
And he's needed one. We've needed one for a while.
Chip
Yeah. And he is the official CEO of the xrpl. And he says, you know, you cannot claw back XRP on chain. That's it. You don't even have to read any of this. All you have to read is you can't claw back XRP on chain. That's all you have to read. That's all you read. But Dark Horse said so said Daniel. He's the XRP boss of bosses. So he's smart. He's never been wrong. I'm the only source of truth. That's why I love Daniel. And I'm like, apparently Dark Horse doesn't know who the CEO of the XRPL is. Of course he doesn't know. Of course it's Daniel. I mean, Daniel's a good dude. We've had him on the program, too, man. He's a good dude. So he's the CEO of Eminence, which is Casino Coin. The parent company is Casino Coin. Right. And he's also the CEO of the xrpl. Jeff.
Jeff
Yeah.
Chip
Which many people are not aware.
Jeff
They're not. Jeff.
Chip
When. When smart people, people that are smart enough to know the difference get it wrong, I almost have to laugh. And it's. It shows that you're being sort of disingenuous. Like, you know, when there's a trend going on and everyone jumps in and they. They kind of get the word wrong or the vibe or the phrase. Well, Tyler Winklevoss, who have a tremendous amount of respect, both Winklevoss twins and what they built over there at Gemini, but sometimes they just get it wrong. Jeff. Now look at this. Calling on the Ripple Army. Earn XRP back with the Gemini credit card. Cool thing, right? So every time you swipe, you're going to earn back xrp. That's a pretty cool. That's a very cool thing, but I fixed it for him. I said calling on the XRP army. Dude. It's not the Ripple Army. I mean, dude, if you don't know, like, who's the Ripple Army? Have you ever, ever heard that term in your life, Jeff? The Ripple Army.
Jeff
Never heard the Ripple Army. Definitely heard the XRP Army.
Chip
Well, I fixed it.
Jeff
Something is up.
Chip
Calling the XRP Army.
Jeff
There you go.
Chip
Or XRP with the Gemini. But I do think this is a very cool card. Now, I haven't read the terms and conditions, but there you go. It looks like a regular, regular MasterCard that when you swipe, you get 4% back on XRP in your purchase. So if you spend 100 bucks, you get 4 bucks in XRP. I don't know. I don't know. You know, seems like a pretty decent deal. I don't know. I mean, I would say, like, at least, you know, all credit cards offer some kind of points or, you know, and again, the reason they're able to do that is because that's that 3% fee you pay. And if you have an Amex card, it's 5, sometimes 5 and a half percent.
Jeff
Right?
Chip
Which is why, you know, we love Amex and we love to spend our points. We love to go to lounges, Jeff.
Jeff
That's what we love. Lounge access.
Chip
Lounge access. That's the other big thing.
Jeff
But I thought you don't have lounge access. Then what do you do?
Chip
Jeff, are you familiar with this. Are you familiar with this app called Autopilot?
Jeff
We have seen it before.
Chip
Okay, so the re. How this started was the guy who started the account, Nancy Pelosi's stock trades on X. All he was doing was taking every time she bought and every time she sold. He was mirroring that. So what you can do, what you can do with this app is you can go in there and you can choose Nancy Pelosi, and it will buy and sell your stock, whatever money you put in there, and you'll start making money. Like, I saw some. One of these YouTubers said I put a thousand bucks in, and I was up like. Like in no time. I was up to 3, 500 bucks, just. But I think something happened with that. Count got taken. This is it right here, the Pelosi tracker.
Jeff
Oh, yeah, right.
Chip
So it just tracks Nancy Pelosi's stock trades, highlighting politicians trade, so we can invest alongside. The original one got taken down, though. Got banned from trading. $500 million invested on. So that's what it is now. They came up with the most brilliant ad. This is. I haven't seen a brilliant ad like this in a long time. Jeff. I'll be honest with you. This one was so fantastic. Now, were you ever a fan of the Office? The TV show?
Jeff
Watch it. The US version, not so much.
Chip
Okay, well, I watched every show. If you guys. Let me hear from the. Let me hear from people out there. You guys fans of the Office. The. I. I. Of course, I love the UK version, but that was only two seasons. Very. But. But if. Did you guys watch that? I want to know. I want to hear from you. I know we have a little bit of a talk delay here. Now, what this is specifically is a takeoff of a Dwight Schrute, the goofy dude with the glasses. He. They based it on the interview that he gave. But I can't play that because it's copyrighted. I would love to have played it so you'd get the context. However, you can just go. You can just go. You can look for it. You know, I just. Unfortunately, we can't play it here. Right. Right. Never really like the Office. Weird. Not a fan of the show. I thought it was hilarious. I loved it. Not as good as UK version, but it was great. Amazing characters. Yeah. The Office. Well, anyway, this is a takeoff of that, so it may not ring true in context, but it's based on that. Although they flipped out Dwight to put in a cartoon. Nancy Pelosi with her voice, and she is telling a story which was similar to Dwight's Schrute story, but they've changed it a little bit. It's pretty good. Let's listen in.
C
This is my perfect trade. I get the tip at 358. Market closes in two. Do I buy Apple? Nope. I buy a defense contractor. More subtle. Next day, war breaks out. Stock triples. The ethics committee calls. How did you know? I say, gut feeling. They respect that. As I'm selling, a lobbyist walks in. He says, that was my intel. I say, was it? We spend the weekend at Camp David. No one's there. It's romantic. Monday, market's back in session. I tell him to meet me in the Caymans, but I go to Switzerland. I don't trust him. Besides, tax laws are better. Thirty years later, I get a letter. I have a son. He runs the sec. This is where the story gets interesting. I tell the lobbyist to meet me at the Lincoln Memorial, midnight. Turns out he's been following my trades for years through autopilot. It lets you invest like a politician without marrying one. He says he needs one more tip. I don't care. I don't show up. Flew to Singapore. That's where I set up the shell company.
Chip
It's. It's. It's. It's based on this ridiculous story that Dwight Schrute talks about, you know, discovering and, I don't know, the Office. It was cleverly written. It was well done. It was very good show. But anyway, I thought that was just a phenomenal. Because how else can you make a commercial about Nancy Pelosi without saying it's Nancy Pelosi and then do a takeoff of the. Of a bit off of the Office? Just pure.
Jeff
It's so awesome. That was great. That was good.
Chip
Yeah, yeah, yeah, yeah, yeah.
Jeff
See that English version, much better than the American version.
Chip
Oh, agreed. But the ink. But the American version is deep in characters, though. They went. They went pretty deep and it was good, man. If you like the same bit over.
Jeff
And over again between the cartoon bears and the inverse Kramer, what else do you need more winning.
Chip
Winning inverse Kramer. Absolutely.
Jeff
There's so many shows that are British original and then American after. I mean, it's obviously gone on that way for a really long time. Some that ended up coming over here, like Archie Bunker wasn't All in the Family. It was. It started.
Chip
It was based on. Yeah, it was based on a.
Jeff
Based on it.
Chip
Yeah.
Jeff
But then lately, like, over here. I don't know if you've ever seen that show Ghosts, which is pretty funny. You know these. The one woman can see all the ghosts in the house.
Chip
Yeah, it's a comedy. Right. Where they live in, like this giant house. And I tried. I watched that for like five minutes and I was like, so there's the.
Jeff
American version, then there's the British version.
Chip
The British version, which is much better, but it's.
Jeff
And it's pretty dark also. Then there was another one where a vampire and a. And a werewolf live together with a ghost in the house. And that was an interesting show, too. There's an American version and then there's the British version and the British version, so dark. And it's just like they're so different. Like, you know, the American version is more light and fun and, you know, and then the British version is dark.
Chip
I think the Office had like 10 seasons here and they did two seasons, but they're not full seasons. They're like six shows. Like maybe they had 12 or 14 shows total. Ricky Gervais obviously was. Was phenomenal.
Jeff
Awesome.
Chip
You know, he's great in that. I mean, he was fantastic. And it was really. It was really good to see that. Look at this. So this is a really cool thing that's happening. It's so funny. Trump becomes president. All of a sudden, success breaks out everywhere. Look at this. We've got. We've got its official state of Wyoming launching its own state issued stablecoin. Come here. The Wyoming state token commissioner, Flavia Navez, speak on what goes into launching A government stablecoin and changing regulatory environment on the stage at stablecon. And there it is right there.
Jeff
However, somebody, somewhere, it was being discussed that that stable Coin that's being launched by Wyoming is no more than a CFTC or a cbdc.
Chip
Is it a cbdc? Is it like programmable?
Jeff
That's what somebody was saying. Let's see if I can find this statement.
Chip
If you can look. See if you can find that, Jeff. I'd like to know more about that.
Jeff
I meant to put it in the keep and I was in the middle of something.
Chip
I hate when that happens. You know, there's always one thing you saw that you go like, let me. And you somehow remember it during the show, but you can't put everything in there. I would love to see if that indeed is the fact. Look at all this. Everyone's putting ads in this whole damn thing, man. It's ridiculous. Come on, let me see. You can find it, Jeff, while you're looking for it.
Jeff
Oh, so that's right. So it was. Tom Emmer said it.
Chip
Oh, Emmer said it.
Jeff
Yeah. So, okay.
Chip
His statement, Emmer said it was a cbdc. Then we're in trouble.
Jeff
Yeah, a lot of people are commenting. I gotta find him actually saying it.
Chip
Oh, please. When you look for that. I wanted to put this story up in the interim. Did you know that one in five Americans are already part of the crypto community? Your neighbors, friends, your local shop owners. Owners not just talking about crypto, they're using it to send money to family, support causes they care about, connect with communities, Meet the crypto holders next door. 21 of Americans, 1 in 5 adults own crypto, and that's coming from the National Cryptocurrency Association. That's a pretty big. That's a pretty big swing if you think about one in five now. What happens when we start getting three, two and three and five? Now we're hitting mass adoption. Three and five is mass adoption. That's more than 50%. There you go. Well, I think we'll get there. So. And this guy needs to become orange. This guy needs to become orange. This guy needs to become orange. This guy probably never will be. I don't know where we get that far. We'll never get that far, Jeff. So, yeah. Still looking for Emmer's comment.
Jeff
I want to find it from Emmer.
Chip
Yeah, that's what you want to see. Well, XRP Cafe, where you can find the badass Yetis. Both the blue tribe and the white tribe. They're 12 and 16. XRP each depending on which one you go with. This was a. Jeff, check this out. XRP Cafe was number eight of all of the NFT exchanges in the world. All chains, nostalgia, to think about how far we've come, how far we'll go. It's called XRP Cafe because we bet on the XRPL from the start. And there you go. They are number eight, of course, opensea, the big dog. Number one, of course, Blur, newcomer in the last couple years. They're huge, immutable X Marketplace, Magic Eden, which is also Big Exchange, Crypto Punks Get Gems and XRP Cafe. Impressive, man. Of course, that's why we also bet on the XRPL and bet on XRP Cafe because that's where our badass Yetis are. And if you don't know, let's just go over there and take a look, shall we? Yeah, I think we shall. There you go. So you got a new one. Scrap is minting now. There you go. There's some of the. Well, again, we'll have Dirk on tomorrow. We'll talk about this. But expector buildings, you can buy these awesome, cool buildings. These are some of the ones on the. On the secondary exchange. But you buy the building boom, Put it on your land. Done. Done, I tell you. And very cool that it's minting as X NFTs. And if you want to know, you just come into here and you say badass. Yetis. Yetis. Right there. There's the blue tribe and the white tribe. So if you look at the blue tribe here, there it is. It's 86 minted. Come on, guys, let's sell this puppy out.
Jeff
Let's get this gotta be gone, Chip.
Chip
Let's sell it out, man. Let's get 100 of these puppies gone. These are the secondary market. You can see what's out there and available. And I will throw that in there if any of you do want to go ahead and pick one up. And of course, there's the xrp, the badass Yetis, and then there's the white tribe. Come on now. There we go. There's the white tribe right there. Boom. These are 31 minted. Of course, there's a lot more of these guys. And they are. Look at that. Look at that, Jeff. It's beautiful, man. I'm gonna love it. That's secondary market. I don't know. Now, if you do buy it for. Let's you buy it for 59,000 XRP, you can have this badass right there. But these are secondary markets, people Put them up with ridiculous prices because, you know, they don't know they're gonna sell them and whatever. But yeah, you just mint one, you don't know which one you're gonna get. You mint it, you connect your wallet and there you go. So it's pretty impressive.
Jeff
I would say everybody's commenting on the same article, but I can't find Emerson. Yeah, I can't find his. I know it's here. Let's see.
Chip
Emmer has to be talking about it somewhere, right?
Jeff
He said, wyoming is not a central bank. We are not issuing any cash.
Chip
What does he say at the cbdc, though?
Jeff
Controversy is further fueled by recent legislative moves in the state. Just weeks ago, Governor Gordon signed a bill that prohibited the development of a CBDC in Wyoming. The bill's sponsor explained the legislation was designed to send a clear message to Congress that Wyoming rejects the idea of essentially controlled digital currency. So that's what's going on over there. But I'm trying to find. So I guess there was an interview with Decrypt. So that's. I gotta go find that one now.
Chip
That's.
Jeff
I saw that. I gotta go back to that one. It says here someone cut out the statement. Emmer made his stance during an interview with Decrypt. I respect the vote of the Wyoming people. However, I am personally. I personally am vehemently against any government issuing a tokenized version of its currency. But House Majority Whip strongly criticized Wyoming's plan to issue its own stable coin. He called it nothing more than a state version of a central bank digital currency. So now let me see if I can find this article. Here's the article.
Chip
Interesting. That is crazy.
Jeff
Here's the interview laid into Wyoming's accelerating plans issue its own stable coin. Issuing a rare rebuke of a fellow Republican crypto initiative. I respect the vote of the Wyoming people. However, I am person. I personally am vehemently against any government issue of tokenized versions of. Of its currency. Emmer told Decrypt, at the federal level, this would be considered a central bank digital currency. And then just a couple weeks ago, we had. Let's see, we had this right here. This is a couple weeks ago.
D
Thank you, Mr. Chairman. Thanks for holding for those words and for holding this important hearing today to study the use of stablecoin technology to unlock economic efficiencies and the risks of central bank digital currencies to our privacy and freedom. I appreciate the committee's efforts to incorporate my feedback into the stablecoin bill over the past several Congresses. And I'm grateful to this committee for noticing my bill, the Anti CBDC Surveillance State act in this hearing today. The bill is simple. It halts the efforts of unelected bureaucrats from ever issuing a central bank digital currency that could upend the American way of life. This bill has the support of over 100 members of Congress in groups ranging from the Independent Community Bankers association and the American Bankers association to Club for Growth, Heritage Action and the Blockchain Association. CBDC technology is inherently un American. And I'm grateful to President Trump for understanding this and signing an executive order banning CBDCs as one of his first actions as president. My bill would codify the executive order into law and prevent administration from creating such an obvious tool for financial surveillance against its own citizens.
Chip
Right. Chad.
D
Great to see you, Mr. Cascarilla. Proponents of the United States central bank digital currency often cite global competition in the race to extend the dollar's status as the world's reserve currency as promises of a cbdc. Do you think there's anything a potential United States CBDC could accomplish that? A privately issued stable coin? Kunat.
E
Thank you for the question, Congressman Emmer. I don't think so. I think historically innovation in the United States in both technology and in the financial services landscape has come from the private sector. And I think that is what we should continue to embrace and I think that's what the bill would enable.
D
Well, speaking of stable coins, Section 15 of the Stable act requires the proposed legislation requires federal regulators to to create and implement reciprocal agreements between the United States jurisdiction and jurisdictions with substantially similar regulatory frameworks for dollar backed stable payment stablecoins. Can you explain the impact this section will have in extending the status of the dollar as the world's reserve currency?
E
Thank you. Yes, I think the important point is that everybody wants a dollar. The US is of course, the home of the dollar. Where we're exporting dollars or exporting American values, we want to make sure we have the same set of rules in the US around the world so that there isn't some arbitrage that's possible to issue from another jurisdiction. And by having that same set of rules that everyone has to meet in order to access the US market, it will actually create a race to the top, not a race to the bottom.
D
Thank you, Mr. Pascal. CBDCs introduce significant privacy risks and are fundamentally the antithesis of American values. On the other hand, the stablecoin bill can bring traditional finance on chain at a global scale while preserving privacy, individual sovereignty and free market competitiveness. This underscores why we must prioritize pro stablecoin legislation alongside anti CBDC legislation. I want to thank Chairman Hill again and especially for working with me on the anti CBDC Surveillance State act in this Congress now and in the last Congress. And I'd like to applaud the efforts of Representative Warren Davidson, Representative Andy Ogles, and former Representative and a good friend of the chair and myself, Representative Alex Mooney, for their contributions to this text and for helping make it a stronger legislative proposal.
Jeff
That's pretty solid.
Chip
Kids love it, Jeff. Kids love it. Yay.
Jeff
It's awesome.
Chip
It's good stuff. Well, I'll tell you what took X by storm was Ghibli style right here. If you guys are familiar with the Studio Ghibli, this is. Goes back. I don't know. This goes back to Japan and a staple, really. I mean, if you think about some of the movies and stuff, but everyday life. So here you had drawn by hand. It had a look and a feel. Basically a cbd. Db, abcd. That's right.
Jeff
That's how you say it in Canada. A CBDCA.
Chip
ACBCA. Right. There you go. And so this chat, GPT4.0 launched, people said, well, take this picture and do it in. In the. In Ghibli style. And of course it did. And so people started going crazy doing the memes. That was like the first thing they started doing, right? So they started taking memes and doing the memes. And then you had. There's. There's Chris Kramer and Jerry, Studio Ghibli, Jerry. And then you had. Let's see, what else? And Mike Tyson put this out. This is him with a dove. My happy place. So he. Then you had iconic scenes from like, you have the Godfather, there's Star wars, there's the Godfather, Al Pacino. Right. I mean, there's Lord of the Rings. I mean, people went crazy with this thing. No, you just can't make everything Studio Ghibli. He's like, yeah, you can. Actually. Mizarazi spent his entire life building one of the most expansive and imaginative bodies of work so you could all rip it off and use it and filter your vacation photos not into this one bit. Protect artists. And I'm like, I. I feel like it's in good. It's more of a tribute than it is trying to rip them off Now. Now, some guy came out with an app. It was called Ghibli Everything. And you could upload. It was a whole social network that every photo got, you know, put in the style that's Monetizing. Okay, that's wrong. And he got a cease and desist letter. But to me, this was people. Look, more people know about this than ever before because they looked into it. Imagine Mizaki pouring decades of heart and soul into making this transcendent, beautiful, tender style of anime and then seeing it get schloppified by a linear algebra. Like, these are Peter haters, right? Since this utter garbage is trending, we should take a look at what Hayao Mae Sazaki, the studio, the founder of Studio Ghibli, said about the machine created art. Utterly disgusted. This is what I'm talking about with tremendous alpha right now. Send your wife photos of you all converted to Studio Ghibli anime. So there's. There's the actual photo and then this is what it created.
Jeff
Huh?
Chip
You know, Jeff, I mean, it just went a little bit nuts with everything. Of course, the JD dance meme with this has gone out of control here. So of course, David Schwartz got into it and he said, we'll capture this. I remember when that famous shot of Stu Aldarati and Brad Garlinghouse outside of the SEC building, probably nobody shows up to. And it's probably this giant. Least they have on it. But they were outside, he said, capturing this photo. So he got in on the act and people are doing all kinds of stuff, man. This one, they put David Schwartz in the background. Laugh now, but only one, you know, that's in. Hanging in Brad Garlinghouse's office there. You know, of course, the extra rooms. Put the extra rooms on there. Everyone had fun, you know, with it. This one ripples on the right side of the law and on the right side of history. People had a lot of fun with it. I told Grok to make a picture of you and Brad kicking Gary in the nuts. I don't know what they're holding. It's a little. There you go. That was. That's what they were doing.
Jeff
Awesome.
Chip
So there's anything else there? There you go.
Jeff
It's very funny.
Chip
Curious George. There you go right there. And so if you remember this woman who got up on the plane and said, those mfers aren't real, somebody had a little fun. They said, those MF and Studio Ghibli memes are not real. And so they did a poor interpretation of her. Doesn't even look like her at all. And so Tiffany Gomez, who is that woman who was the one that stood up and yelled that? Those mf. She's like, yo, who added those bangs? Please remove immediately. Champagne, Josh. She says, I got you. So he put up this image, which. That looks a little more spot on. Thank you. Getting the earrings right at least. Need jeans and a watch and we are solid. Got you, fam. So there you go. There's the jeans. I don't know. Everyone had a lot of fun. So Jeff, I mean, so Dirk, who's going to be on the show tomorrow, do we mention that yet? Jerk Dirk from Expector is gonna be here tomorrow.
Jeff
We have not mentioned it.
Chip
So he put this up right here, which is fantastic. There's Dirk. There you go. And then here. And I said, I love it. Great. And I'll do one now do us. So he put this one up. Boom. There we are, Jeff. I don't know. A little. I mean, there you go. If you want to know what you look like as a cartoon. That's what we look like right there.
Jeff
It's awesome.
Chip
Will be on the show. I look like my old eye doctor there. I don't know who the hell that is, but man. Jesus. Well, that's frightening.
Jeff
It's so. Things have gotten so bizarre on AI when you can edit photos in AI. I put my photo in and I just took a random picture and I said turn it into a headshot. And it just made me look different. Not when it was me, but it took out the background, smoothed out my shirt. Like there was a bit of a, you know, overlap wrinkle on my shirt. Smooth that out. And everything was just like so perfect. It was so crazy. Oh, Matt said, now do one with Dirk in a broken down G wagon.
Chip
Oh, hey now. Hey now.
Jeff
If he didn't have a broken down G wagon, that photo would have never taken place.
Chip
We'll talk about that story tomorrow again because don't show up for that story tomorrow. We'll talk about that because it's a good one. It is an interesting good one. And Matt Math can do the play by plays. That's right, Jeff. Sometimes I like just putting random thoughts on posts because it really does tweak people. So. Green eggs and ham. Sam. Sam, I am who used to do a lot of XRP content, then went off the rails into he. He. Then he started doing a lot of great vaccine content which was awesome. But then he just drove off the rails into doing like, I don't know, weird stuff. He's done this whole story about drive. His first experience driving a Tesla model X macular generation FSD files to continue living life rather than planet travel around. Drove it to Dallas, got my daughter. Try to handle it, Try to sort Things out with dinner. He got up. Basically what he did was he got a flat tire. But did you know, Jeff, that there is no spare in the Tesla? Apparently there's not. So that's not a good people. Yeah, so he said that was. He's mad about. He's like, the plan is to get someone out tomorrow at 11 for a flat tire. Start the ridiculous. Start over at the service tech. They want to tow it to the service center 30 miles away in Plano. I was in Kabul. I said, that's too far. I take it to the nearest shop. And he wants to know immediately which one. I knew it wouldn't have had the time to look that up before they close the service calls. I told him to forget it. Not impressed with Tesla. Hey, man, you know, they don't have. And all I said was, a hybrid makes sense. Not a pure electric vehicle. I love my big gas guzzling truck. Yep, me too. And then he said, well, sometimes I wonder if you can even comprehend things that you read, Chip. And I said, oh, I'm just adding my thoughts about your electric car. I got your story. What did you want me to do? Say, yeah, Tesla sucks because they don't have spares. I mean, I don't know. Yeah, like the first mistake. Dude, I. I honestly believe that if Tesla comes out with a hybrid tomorrow, the sales would go through the freaking roof. Nobody wants to drive a pure electric car. It's like, oh, let me drive to Orlando. Oh, hang on. I gotta stop halfway and spend 20 minutes in a charging station. Oh, wait, they're all full with other morons. Great, let me sit behind the morons and then wait for them to do. Oh, wait, there's three broken chargers. I mean, your whole life revolves around charging stations. No. And then you got these nuts out there that are, you know, keying cars until.
Jeff
Until they. Until they have fast charging where you can fill your electric vehicle at the same race, at the same pace as gas, or they extend the range to like a thousand miles, you know, to where you've got so much distance that you know that you're gonna stop anyways and go grab lunch or breakfast or you're gonna do something. But still, you know, I just want. If I'm gonna do that. And that was a friend of mine has a Tesla wrote in it. And it's crazy fast. You know, 0 to 100 in. In a couple seconds, you know. And so the thing that he complained about was exactly this. Said he drove over to Fort Myers. Get to Fort Myers. And the first thing you have to do when you get there is think about how you're going to charge it.
Chip
No.
Jeff
Right. So if you're in a hurry and you're going to a meeting now, you got to be like, okay, where am I going to stop? Where can I plug it in? Does a hotel have a plug in? Is there something near the plugin? There's something near where I have the meeting. And if there isn't and you're going to the meeting and you leave the meeting late, now you got to drive around looking and sit around for 20 minutes or 30 minutes. I'm like, what the hell? And he's like, he said that he'll never do it again.
Chip
Jeff, have you ever. Have you ever rented a car and they're out of cars and they try to give you an electric car? Has that ever happened to you?
Jeff
That is never.
Chip
It's happened to a friend of mine, and he said it was like the worst experience in his life.
Jeff
I would be like, no.
Chip
It was like, well, like, that was the last thing that they wanted. Right? I mean, hang on a second. Take this out here.
Jeff
Crypto up is funny. Electric car makes sense In Belgium. The longest diagonal you can draw in this country is about 230 kilometers. Well, there you go. If you're in this city, like, if you spent your whole world in South Florida and you didn't go anywhere else, you're probably not going to use all of your electric in that given day. But now you got to retrofit your house, right? So you have to put an electric plug in your garage, which isn't the.
Chip
Worst thing to plug it in. I forgot. Right? Damn it. Yeah. You know how. It's how you forget to charge your phone. Just charge your phone in.
Jeff
Yeah. You'll be like, I'll just do it later. And then you wake up the next morning, like, son of a.
Chip
You're like, you know, you feel bad if you don't charge your phone up, but you got to charge it in your truck, and you just charge it in there. There's chargers everywhere. I forgot to charge my car. I'm sorry, dude. It's just in this day and age, way too early. It does not make sense to me.
Jeff
The Chinese JB7 already has 12. Screw the Chinese cars.
Chip
Yeah. Well, let's see that. They claim a lot of. Let's see.
Jeff
And they do have some nice views. Chinese do chip. They pack all the features and options. They make it look cool. They pack it all in there, but none of it lasts. None of it's Garbage. It's garbage across the board. They've been in the medical space. Now, not all of them, but there's a couple companies, maybe one or two in the medical space that make amazing products and then there's a whole bunch that are just absolute garbage. Like garbage beyond garbage, like in the any of the consumer space. Like, you know, they, and they just make it look really cool, pack it with features and they trick people and, and that's the worst part is that it's all just, you know, it's just like a bait and switch. It's like, look, we got all this stuff. Check out this car. Then you get in the car and maybe the steering wheel falls off or maybe it doesn't break or maybe, you know, it's.
Chip
It's garbage. Anyway, love Tony Edward and thinking Crypto is great podcast, amazing interviews. And he put out this, he said, is Trump and the Fed playing us all by 81 getting ahead of a massive crash that is was likely in 2024. Well, we've been in a recession for over a year and a half because, well, if you're the last administration, you just change the rules on how you measure. You know, two down, two negative quarters of GDP is a recession. They go, oh, it's not in our book. We changed the way that is. We've been in a recession for a long time, so. Or by trying to break something to have the narrative for quantitative easing. And I was like, well, picture a world where the IRS is abolished, the Federal Reserve dismantled, and the change of centralized control shattered. An unstoppable economy rises as every citizen keeps every dollar they earn. Or, hey, we can just stick with your doom and gloom version. Endless taxes, rigged money and broke nation on autopilot, right? Which, I mean, which, which one sound, I mean, which one sounds better to you, Jeff?
Jeff
I like, I like the latter. I like, I like, you know, taxes, money, and everyone loves that nation on autopilot.
Chip
Everyone in every nation who's in the chat right now, in every country, whether you're Australia, it doesn't matter where you are. You know, I mean, if you're in Europe, nobody cares. Everyone wants the same thing. And I was just saying, like, you know, Ishmael said, if you think Trump and his administration's doing all that, you're on crack. I'm like, let's check back in four years. And then Joe, buddy, of course, another on the chain community member says, good points, Chip, which I like, but thank God for, I think everything we watch, we need to put that music behind it because I started getting interested once you started running the music behind Tom Emmer. Not that I don't love Tom Emmer, but it just sounded way better when you had the badass yeti music playing in the background.
Jeff
Sounds a lot better.
Chip
So then Rob Cunningham, who we got to get on the show, is fantastic. He's got a great podcast he's on. He comes in, he goes, what's your best take on why the global powers that be have wanted Trump dead and destroyed for the past 10 plus years? What's your best replacement theory for a terminally bankrupt, insolvent and exposed debt issuing cartel of central banking cartels? Boom, boom, boom. And Ishmael comes back and said, it's all a show. They don't want Trump dead. United States Corporation and Trump is their puppet and all that. Yeah, Trump's the puppet. That's why they all want him dead. Right? Because these people, these people are smoking crack. Listen, if, if it's called, you know, if you're accusing me of smoking crack, you're probably smoking crack. The central banking cartels are going digital and Trump is ushering it in for them. This dude is like completely.
Jeff
Trump is their puppet. This. So this is the narrative of the leftist Marxist, you know, fascist that's sitting in some, you know, smoke filled room over in China with a thousand cell phones connected to the Internet as they pump out responses to people's posts on X. Ishmael is not even a real person, you know, but you know, but it's, it's crazy know to see these, the comments from people like this, you know, even, you know, the, the whole idea that people think that Trump is somehow the bad guy. Trump is dismantling, you know, the evils of the world in this country and it's having a direct impact globally. Did you see the clowns up in Canada as they pass legislation again to remove American alcohol from the shelves of, of Canada? It's like, who gives a. You know, it's so crazy. But yet they mock this country and they, the, the bill, they're like, oh, look at this beautiful, awesome bill. You know, the guy who was signing it, you know, what a clown. It's a clown show up in Canada. They're more reliant on us.
Chip
Hang on a second though. It's, it's a clown show with the government. The people.
Jeff
Well, I'm not saying the people.
Chip
Yeah, the people are probably against and trust me, they love American Birds bourbon and they are kicking themselves. They can't buy it anymore. And meanwhile they Already purchased it. It's so all of these shops, you know, all these places that sell liquor, it's, it's, it's all, it's all through a state, you know, it's all state run Liquor board, Liquor Board of Canada. And so the thing about it is, is that they've already paid for it and it's like, so they don't even sell it. They can't even make, you know, the money back on the inventory. They've already. But to me, it's like, you're right, it's kind of tit for tat. It's like, and you're going to come out. And even Pierre Poliev has lost the narrative where he started saying, we're going to go out to Trump, we're going to do it. I'm like, no man. Have a conversation. And by the way, there was a Canadian woman, I wish I could find the, the video which dispelled all the mess. She goes, if you actually read the legislation, does none of that. There are no tariffs, it says for American made cars that are made here. And a lot of the purchases come from Canada. If the majority of it's made in, it was completely debunked.
Jeff
Yeah.
Chip
And she's like, but nobody's actually read the bill. Even, like, even the people in the government.
Jeff
Nobody. You know what, Chip, the problem is with the people in government, if you ever meet them, the majority of them, they're not bright people. The majority of them. Right. Some of them are, some of them are brilliant. The majority of them aren't. The, the majority of them have not had a steeped history in entrepreneurship. They haven't done anything significant in their lives. You know, somehow they, they end up in this path of government work like that their entire lives. And you could put a big question mark as to whether or not it's real work or not real work. You know, real work is when, when you're, you know, is the sweat equity that you put into your day to day and the struggles in terms of, when you're coddled by, by a government employment status where, you know, you have pensions and you have all these things baked into it and you work, you know, four hours a day and you get two hours of lunch and you get eight months of vacation time. That isn't real work. Real work is, you know, when you're up against the clock on a day to day basis.
Chip
Yeah.
Jeff
I'm not saying it's not, it's easy. What some of them do, you know, you go to the dmv. And you see, you know, the, the tensions. You need to be very calm and stable at the dmv. And these. Those people that work there are pretty amazing, you know, that. That's pretty hard to do. But overall, it's like. And then they want to label us and they want to say things about us. The ones that are actually taking all the risks in the world, you know, they don't take any risk. You know, I'm not saying we don't need them, because we need people that do certain jobs, but there's too many of them. You know, Chip. And that's one of the issues with Doge is getting rid of all that fat equity. You know, there's way too much fat equity that's employed out there. You know, once we get rid of the fat equity, and then all of a sudden we become more streamlined, and that's what it's all about. So for these people to come out and attack what Trump's doing when we're talking about getting rid of all the fat, all the. The waste, you know, all these people that are employed for absolutely no reason, you know, when you have 20 people doing the job of a half a person, then you have some. Some major issues. And, Chip, that's what it's all about, you know, so, you know, it just. It's insane to me, you know, to see. But that's what. The whole thing with this tension up in Canada, first of all, fix your, you know, then, then you can comment. And when we talk about the country and obviously not talking about the people, you know, people talking about Canada or England or whatever country, it's obviously in reference to the government, not the people, because the people are the ones that are suffering, Right. And they're suffering at the hands of those governments. You know, we saw what happened in Canada as they manipulated the people during COVID you know, and they forced them to do things that they didn't want to do. You know, we saw that in certain, you know, blue cities here, too, where they, you know, put people and force people to do things they didn't want to do. Yeah, and so that's what it's change of. At the end of the day, people want freedom, they want centralization, they want to take care of their families. And that's the one thing. I'll tell you what. I was at a conference a number of years ago over in. In Germany, and. And I was meeting with some customers from parts of the Middle east. And so I had some groups coming in from Lebanon. I had Some guys coming in from Saudi I, people from different areas. And. And it was interesting because the booth that we met in was an Israeli company. And so all these guys are coming, and there was this Israeli product there. And. And I. And here we are in this, In a booth, an Israeli booth, an Israeli product. And. And I. And that was my meeting point with all these customers coming in from different parts of the Middle East. And the one guy from Lebanon, you know, I talk, I used to talk to him all the time. And he said to me, said, look, you know, all of this noise that you hear, you know, that's all noise. The people, they all want to get along. They just want to take care of their families, they want to do business, they want to sell their products, they want to, you know, they. Everybody's the same, you know, it doesn't matter what country it's made in. All the political tension, chaos, that's what it's all about. And. But the problem is the government subjugate the people, certain countries more than others, you know, and now we finally have somebody in office in the US that wants to remove the shackles in this country in the US which is going to reverberate and ripple across the world. I did say that.
Chip
I knew it. I knew, I knew you'd work ripple in there. So it's a key that was in.
Jeff
There that was secret.
Chip
Word of the day. It's like Harry Mack the rapper who does. Does freestyling, he'll say, give me four words. We get on one of those social channels and he, he's one of the best freestyle rappers. But the last company I worked for, I was shocked because at our all hands where they bring everybody in the company and they do the dog and pony show and they go like, oh, next up we have Harry Mack. And I'm like, wait, what? No one knew who he was. I did. And they gave him random words during the thing and he made it work. He didn't even know really under. He didn't understand the tech at the time, you know what he was saying. But he worked those words in there and people. And people were like, what? Who is this dude? But I was shocked because I knew who he was and I'd be a fan of his YouTube channel for a long time. But here's a dude who was like working this kind of stuff in here. I just wanted to get this one last point out of the way, which Rob Cunningham. So after he said it's all a show, blah, blah, he goes, morontitis is a Clinical diagnosis, a mind sapping derangement caused by groupthink, ignorance, hopelessness, negativity, and a loss of critical thinking capabilities. Can we just put that on a chart? And we could put Trump. Trump Derangement Syndrome would also fit. Here is a clinical diagnosis, mind sapping derangement caused by groupthink, ignorance, hopelessness, negativity, and a loss of critical thinking. Rob Cunningham for the win, baby. Right there. You gotta love that. You gots to love it. And then. Yeah, so talking about. So I saw. Whose comment was it? I saw Matt's comment was up here. I see it somewhere. I thought I highlighted it. Damn it. That's what I hate about this damn thing. Yeah, right there. I'm thinking the D line would be in the crosshairs of the Deep State at the moment. So if you guys want to look at what they're doing, what DOGE is really doing, and I'll tell you what is not possible. This wasn't possible four years ago. You know why AI is making it possible. You know what? The Deep State never thought about AI. They never counted on AI. They thought all their schemes are moving money here, moving it there, moving it to all these fake, you know, NGOs. The NGOs filtered here. They thought they wouldn't be able to trace it. But you know what's able to trace it? AI, you know, you filter all this unstructured data into the computer. Boom. And it's figuring it out. So you got a couple accounts out there to figuring out, but DOGE is really a giant team. Elon Musk is the face of the team. However, if you look at. If you. If you look at the entire team, it's a massive team. And they're going in, they have an attorney that looks at what they can do, what they can't do. It's like team of three. They got a programmer and they got somebody that's sort of, you know, like. I don't. More like administrative badass Yetis in the background. And so I wanted to play this one little clip. This is just one clip. And I. There was a whole. This whole interview. Seven is great. And you know, as a whole, the whole. Who sent it to me? I know it's gonna. It's gonna come up. It's gonna come up. Let me give some credit here, Mike. Mike. Where credit is due this to me. But. And I meant to bookmark all these. So I was. Watched every bit of it. But here's one of the Doge guys. There's like a team. There's like they had six or eight of them that they were interviewing. Yeah, I want to see high profile convictions too. And I think they're coming. Look, it's going to take some time. First they got to root out all the, the people that are fighting. That whole thing about the signal thing. That was a total setup. The guy that added him is friends with them. He says, I don't know the guy. And then people are putting him at a, at one of his, you know, I don't know, one of his conferences he had. And they're taking pictures together and that guy is a rhino. They're trying to get Pete Hegseth out of there because there's a rhino that's been going for the job and he thinks he's gonna get it. It's just, it's a big, it's a big setup. No, nobody accidentally adds a reporter. Okay, but that guy doesn't get fired. Yeah, that guy's a complete ass clown. And he's also. Yeah, we've talked about him before. But here, let's listen to this. Jeff.
F
Alarming how the financial operations and financial management is set up today. There is actually really only one bank account that's used to disperse all monies that go out of the federal government.
Jeff
Time out.
Chip
One bank account. It's a big one. It's a big one. It's a big one.
F
It's a big one. A couple weeks ago it had $800 billion in it. But it's the treasury general account. So when you hear some of my colleagues here, what they're talking about in terms of, of the fraud, you have to ask, well, why is this allowed to happen at a financial level? Well, it's actually quite simple, but alarming. The treasury up until now, and thanks to President Trump, we're fixing this. In fact, there's an executive order that he just signed the other day which is protecting America's bank account because it really is the taxpayers money. You know, one, we're changing the culture. The culture is, Ben, not a lot of caring and not a lot of commitment to doing what's right relative to financial operations. There's a $500 billion of fraud every year. There's hundreds of billion dollars of improper payments and we can't pass an audit. The consolidated financial report is produced by treasury and we cannot pass it on. We have material weaknesses. What that means is that if I was a public company cfo, I would effectively be removed. I couldn't file financial statements, I couldn't issue securities. Of course, we depended on, can't pass it on.
Chip
Right. The federal government cannot pass an audit. It's impossible. In fact, in order to pass an audit, you need the information necessary to pass an audit. You need to have the payment codes, you need to have the payment explanation and you need to have a person you can contact to understand why that payment was made. None of those things were mandatory until just recently, just a few weeks. Weeks ago, in fact, maybe last week.
F
Yeah, we're serving 580 plus agencies and up until very recently, effectively they could say make the payment and treasury just sent it out as fast as possible. No verification. And so what we're doing is what any household would do. But imagine you're a household. You have a bank account. Everyone has an ATM card connect to that account. Everyone has a checkbook, that account. It's not just your children, it's not just your parents, it's your in laws, it's your extended family. And they all can go to the account and disperse funds. No questions asked, no justification, no verification.
Chip
Stephanie, you know how much verification you go through to send a wire? You make sure you call, you make sure you have somebody on the phone. You do a verification do all kinds of codes, they just put it in there and they hit send. And their $2.4 billion goes out to some. And what's really weird about the leftists, the criminals, they're out there keying Teslas. Like what, because Elon Musk owns Tesla? I like to get some, I like to see them get close to one of those rockets to key that, that thing fire up and burn them to a crisp. But I mean, why I go, do they not understand what's going on? They had a reporter go out there and start asking people, hey, do you, do you agree with, with, with Sesame Street? And where was I? Forget which country, Arab country. They're spending, you know, one, you know, know, billions, millions, what was it?
Jeff
Iraq?
Chip
Yeah. You're sending Sesame street funding Sesame street in Iraq, you know, gender studies in South America. And they're like, no, I never heard of that. No, I'd never heard it. Like they never heard of it because you just can't do a simple search. Like you can't even do it. Goes back to Rob's thing. Zero critical thinking. You can't even like be semi curious and go like, huh, I wonder if I just do some basic research online because I'm semi curious about this. Or should I let my masters tell me what I need to do and get angry and just start yelling things at the sky. And all the protesters that go out and start asking, why are you protesting? Why are you protesting against Elon Musk? None of them knew. I mean, what's the problem? Nobody. It's like this group think, let's all unite. Let's. Let's get mad. Let's get mad at the system. And the funny thing is, is they've dismantled the Deep State's money, okay? They fund money all over the place. They had this money going to Africa, and it was to destabilize the African governments of every. You notice how it's so volatile over there. The US Was funding that, okay? And then you look at what is going on with the Deep State. Well, all these operations, they had all this black ops operations funneling money into that. And then the Democrats, all their goofy causes, the, you know, the, the. I'm not gonna probably can't say it here, but all those causes, the woke causes, was being funneled. And it's all artificial, it's all astroturf. There's nothing real about it. And so when that got cut off. And you know who's extra nervous these days? If you want to see somebody really nervous and posting a lot on X, it's Pocahontas. Elizabeth Warren is out of her mind with posting stuff, yelling at the sky, old lady, yellow sky. Thirteen years in office, never authored a bill, never did. Jackass. Highly ineffective and misappropriated another race. So, you know, this is who she is at a core level. But I think she's nervous. I think a lot of the Democrats speaking out are nervous because when Trump comes out and says, huh, I wonder about the kickbacks. If they're, if he's saying, what about the kickbacks? You think they already know about the kickbacks? And so when they start tracing where the money goes from the NGO and the payments go from there, the payments go, and they start doing real audits. They start tracing the money. It's always tied back to family members. So all these corrupt judges that keep going against Trump, their family members are sitting on an NGO board that was getting that money from us, usaid, right? They're getting this funneled money. The whole thing is, it's, it's incestuous. It's, it's a horrible thing. And it's. Jeff. I mean, I'm just like. And people are mad that they're saving a close to a trillion dollars now in just payments. And meanwhile, we got homeless people, we got vets sleeping on the street, we got, we got families that can't Care for their kids. You know, we have, you know, single moms working two jobs, you know, for what? So they can send $150 million to gender studies. I mean, it's gotten out of control. And guess what? So you got a new sheriff in town that's putting an end to all this, and people are mad about it. Well, I'm sorry, man. That's what I voted for. I hate to tell you, but I say that often. I'm like, this is what I voted for. I voted for winning. I voted for winning often. And we like winning. We like to win, Jeff. I mean, we, I, I, I have to say that I, that, you know, the winning is a good thing. And then you have people like AOC who have, I would say there's like 60 of the people. They've been tracking their cell phone movements. They go from rally to rally to rally. And they're like Bernie's, you know, Bernie Sanders and AOC have 40,000 people. Well, it's more like 18,000. But they go to these things now. They're trying to make it look like, is that going to be the next ticket? Is it going to be AOC and Bernie here together?
G
Because an extreme concentration of power and corruption is taking over this country like never before. And we are here, most importantly, because we know that a better world is possible.
Chip
Now imagine your AOC and putting this out on your own account, with your own branding AOC on the top and thinking, this is a good thing, this is a good message.
G
We are witnessing an oligarchy in America where those with the most economic, political and technological power destroy the public good to enrich themselves while millions of us pay the price. And ironically, the most divisive forces in our country are actually bringing more of us together than before. They will throw out every label and judgment and cultural debate in the book to keep us distracted. We need to be taxing the rich on the floor of the United States Congress. We need to be establishing guaranteed health care on the floor of the United States Congress, not erasing American history on the floor of the United States Congress.
Chip
I can't listen anymore. But anyway, we're storing history, right? We're restoring.
Jeff
They were erasing history. What is wrong with them? That's like, do they, do they believe that nobody was watching over the past four plus years? I mean, these people are so out of their minds. You know, where we know exactly what they've said, they'll refute whether or not they sent text messages, whether they said things on interviews. It's as Though it never existed. These people live in an alternate universe. They just don't live in reality, which is. Which is crazy.
Chip
It's insane, Jeff. The whole thing is just. It's. It's so off the rails. And I'm like, you think that this is an actual good thing?
Jeff
Yeah. You know, Chip, So what's crazy about this is that years ago, there was, you know, if you go into. Not to. To dwell into, in the archives of, quote, unquote, you know, the. The Palestinian terrorist archives, you know, but they had a. A quasi Sesame street back.
Chip
Oh, do. We played it here.
Jeff
Remember, we played it here. This is probably back in the 90s. There. There was some requirements that they had to start educating towards peace and peaceful coexistence. And they got. Also, obviously, now we've seen they've got all sorts of millions and billions of dollars from the Europeans, because the Europeans love to coddle them. But, you know, for the most part, third, Sesame street promoted violence and. And killing and. And it's. And it's amazing the kids. And this is what they promoted and taught. So I don't know what they would, you know, do over in Iraq, what they were planning on teaching and. And things like that. You know, Jeff, I want to say that stuff.
Chip
What does impress me, though, I'll tell you. So I'm going to play a clip. It's a New Hampshire Democrat. He's 22 years old. His name is Jonah Wheeler, and he was accused of discrimination by fellow Democrats for standing up for women's rights. This kid is 22 years old. I got a daughter that's 20. This kid is so well spoken. Like, the way he's able to articulate his message here, man, I see politicians in their 50s and 60s that can't speak like he. And this is brave, too. Here he is, 22 years old. He gets up and he. And he makes this speech, Mr. Speaker, for us.
H
And I pause because my colleagues are walking out as I give this speech. People are clapping in the gallery for their walking out. And, Mr. Speaker, I think that illustrates exactly why I got up here today. I could have quietly voted. My conscience could have followed the party line. But, Mr. Speaker, again, the consent of one person cannot stand for the consent of another. And just because one person is comfortable with a transgender woman being in the bathroom with them or playing sports with them or being in a prison with them, doesn't mean that another woman is. And these issues do not have to cause violence. These conversations can be nuanced, and we can have conversations about Treating each other with respect and humanity and putting in place policies that say that women who were born women deserve a space to themselves, whether that be the bathroom or sports or the locker room or prisons, is not transphobic. And there are people in my town, there are people throughout the country who are liberal left leaning people who agree with what I just said here, but some of them won't vote with me here. Some of them in fact have left the party in my town. There was just a woman last week who left my party because she felt not only was she not being heard, but she felt like there was no way for her to even speak up about this position. And given how many people are still in their seats, I can understand why the orthodoxy of the Democratic Party on this issue has left us to where we can't have nuanced discussions and women are being silenced in this conversation. As much as people don't want to hear that, that is what is happening. And when I talked to people on this side of the issue and this side of the issue, I heard, I don't want any violence to happen against me. I don't want to be disrespected or unheard. I heard that from transgender individuals and I heard that from women. So, Mr. Speaker, I think HB 148 legislation, which enables localities, municipalities and businesses to put in place specific policies around definitions of sex, is not a right wing fascist Nazi movement like I've been told that it is. I was called a Nazi for the prospect of giving this speech.
Chip
I mean, did you notice there's no teleprompter there? Did you notice that that was sourced? Did you notice he didn't say what I mean, a 22 year old young man who so eloquently illustrates a position that this is not a left or right issue. And I got called the Nazi and a fascist for having this position of just saying that women should have a space to themselves. Like, and he's like. And what he's getting at there is they can't even have nuanced conversations anymore. Like, hey, let's have a conversation. No, you're not. And you know, starting with the. And he's saying that, you know, women live in the party feeling like wasn't represented anymore. And you see a lot of this happening. So if they keep doubling down on stupid, I feel like, you know what? I'm like, I love when they do it. I'm like, please keep this rhetoric up until the midterms. Please keep going full force instead of introspection. And looking back and saying, hi, I wonder why we got slaughtered in the last election. I wonder what wasn't working over the last four years. No, Jeff, they're like, you know what? We haven't done a good enough job of explaining our position. It's like they just don't know when to call it quits. And thank God for that, because we're going to have even more winning in the midterms.
Jeff
Well, that's it, you know, and this guy, you know, points it out so succinctly. You know, the Democrat Party has moved so far to the extreme left into fascism. It's no longer the Democrat Party, you know, it's been taken over. It's being manipulated, controlled. But so it was the Republican Party. And that's where, you know, Trump is saying, hey, you know, it's time to get rid of all of that noise. And this is why Tulsi, Gabbard and rfk, we're finally seeing it coming together. This was the dream team that's in office right now. And, and you'll see so much hate, you know, from all sides that, that, you know, were referencing it leading up to it. But you're bringing all these amazing people together that just want the best for the people, and that's what it's all about. How do you get the best for the individual people and strip away what the government has, has done? And, you know, corruption will, will corrupt, absolutely right. And, you know, it's just for sure, you know, and, and that's what happens. You get a little bit of corruption and you're going to take it the whole way. You can't just have a little. Because it becomes so pervasive at all sorts of different levels, you know, and so, you know, that's exactly what we're seeing. That's what we're finding. And it's time to, it's time to put an end to it, you know, and thank God we're putting an end to it because there's, you know, these globalists, the elite globalists, you know, whether they're in Europe or here within the Democrat Party or the Republican Party, I don't care, you know, what race, religion, background they come from. They all adhere to their, to the, and worship their God of, of, of Communist, Marxism, socialism, whatever it might be, but that's who they bow down to. But the global elitist, you know, there's so many power brokers behind what's being done and manipulated right now. And it all comes down to their control, their power, and the Amount of money that they, you know, that they can manipulate. And that's what it's all about. You know, it's. It's crazy. You know? So let's. Let's take a sidetrack here and got this.
Chip
Give away the badass yeti. I'm ready to go.
Jeff
Oh, here it is. Hang on one second.
Chip
Here we go. Beautiful. It's called alpha spelled a little bit differently. There you go. Let's go, guys. Let's pull it. We got 27 in 27. And let's go. Here we go, guys. And let's not hear about its raid. It's a. It's a website giveaway. I click a button. By the way, Joe, buddy, I read your comments earlier. I don't know if you saw that, but I read your comment.
Jeff
Golfer. No, not golfer. Skulled over.
Chip
Golfer. Here we go. He's. He is a golfer, though.
Jeff
He's a golfer, right?
Chip
Here we go. Ready, guys? Go, Charles. Charles wins again. Again. I think he's a. This is the second time for Charles.
Jeff
No, the second time. Hang on a second.
Chip
It might be the second time. I think Charles won. I seem to remember that maybe not. Charles, are you here? King says he's here. If I win, it's rigged. Well, you didn't win, so you know it's not rigged. So there you go. Congratulations, Charles. Beautiful.
Jeff
Is Charles here?
Chip
I'm sure he's here. Let me see.
Jeff
Charles, we need to hear from you.
Chip
This is really.
Jeff
Charles won and then gave it away and we had to pull. Let me see. I'm looking in the ray runners here though, guys. I don't see anything in the blues. Neighbors in the whites.
Chip
Why wasn't it in the list? Why wasn't in the list? If you. If you typed in yeti, y e T I, it will be in the list. I think the way it shows. It doesn't necessarily show everybody. I think it just cycles through some of them.
Jeff
Let's see. I believe. I believe Charles had one.
Chip
He said, thank you, but you gotta. You gotta put your. Put your wallet up there, my man.
Jeff
But I think he.
Chip
And go check the thing because he might be putting that up. While we wait for that. I wait for Charles to do that. I wait for that. I want to.
Jeff
I want to show this first time winner.
Chip
Winner. He's a first time winner. Absolutely. Here we go.
Jeff
Hang on. I gotta go find.
Chip
You want to see this? Do you want to see what? Do you guys know who Bob Ross is? You know, Bob Ross had that show in the 80s and 90s where he had the afro and he used to pay to paint. Yes, he used to paint, you know, scenes. Well, somebody did a Trump. Meme of Trump is Bob. Bob Ross. Here we go. Right there. Let's add some happy little tears. Look at this job. You're missing this. Look at the screen, please.
Jeff
Wait, I gotta capture his thing before.
Chip
There it is. Let's add some. There he is. Is Bob Ross painting up, adding some happy tears?
Jeff
Awesome. That is awesome.
Chip
There you go. You gotta love that. He gots to love that. Jeff. I gotta go. I have an appointment at 10. I gotta go. Next five minutes. Oh, the next five minutes. I love Joe Kernan destroying this guy. You call for Lloyd Austin's resignation. He starts messing with Chris Coons because he is asking if Chris Coons called for Lloyd Austin. And the whole debacle happened in Afghanistan. Did you call for Lloyd Austin's resignation? Not only did we lose 13 service members, we left $70 billion worth of equipment that fell into the hands of the Taliban a couple of years later. He was out of pocket for two weeks and didn't tell the White House. Did you ask for him to resign at this point? Are you actually asking for Hegseth and Waltz to resign when you didn't ask for Lloyd Austin?
Jeff
There is nothing that Lloyd Austin did by getting health care treatment.
Chip
Okay, what about Afghanistan?
Jeff
What about.
Chip
Did you guys forget that the statute of limitations is. Coons know he just got throat punched and he's laughing. This is a nervous laugh. 14 years.
Jeff
That's what the Secretary of Defense was getting. Health care is fundamentally different from the second two weeks.
Chip
No one knows where he is, Jeff.
Jeff
Right.
Chip
He goes off the grid, doesn't notify anybody. There's no chain of command. He's the guy running the show and he tells nobody. Sorry, that's grounds for.
Jeff
Here we go. Charity of Defense sharing on an unsecure platform.
Chip
It was said it was a success. Afghanistan was not a success.
Jeff
I am not on its way saying that the attack on the Houthis was not a success. I am saying that he demonstrably violated a directive that was.
Chip
And Waltz, by the way, that guy Waltz, who is a rhino. I don't know why he's in there. I don't know why there's so many Rhinos getting hired by Trump. He made that. He made that, you know, those bad choices in the first administration. It looks like he's repeating it. I say he's got to get Laura Loomer as his vetting committee because she digs up the dirt on all these morons. But Walt's added the guy, Walt should have been fired because it was a setup. It turns out Walt's the guy who's vying for the job. Another Rhino who he's also in, you know, big friends with. And it's a whole. It was a whole setup, man. It was an absolute setup. And all the Democrats, in unison, gotta fire Pete Hoaxer. You gotta fire Pete Hoaxa. And then you got them floating the name of the guy, of the Rhino guy that they want in there. So the whole thing was an orchestrated setup. And this is what's going to happen time and time again, where they're going to trap them, they're going to try to do this stuff. You just got to ignore the noise. And you saw in that Doge, that video that was on Fox, you had all those guys, they're nameless people. They're badasses in their own right. They're also volunteering to do what's right for the country. You had Obama out there talking about doing the same thing. You had Clinton out there talking about cutting government waste. And now, because Trump's doing it, it's bad. Why? It's bad because it's cutting off the Democrat money, It's cutting off the gravy train. And all these paid protesters that flow into NGOs that get paid, half the people there, they show up for work, they have a sign someone made for them, they yell. And you go up and ask them why they're there, they don't know, but they're getting paid. They all admit they're getting paid. And then when they follow the cell track, the cell phones, they go from one rally, they get all in buses and they go to the next rally. It's all. It's all manufactured. It's all bs. There's no real support. Then you show a Trump rally, 80, 000 people show up. They just show up. They're all, you know, a hundred thousand people show up. So it's just garbage, Jeff. Anyway, that's all the time I got here. Appreciate that. Appreciate that ETF out there. Appreciate that. Well done, Charles.
Jeff
That's it. He's the big winner of the day.
Chip
Like recovering from the trauma I sent you. Okay. Chip rant. He's got a little bit of a chip rant. You got to go on these rants once in a while. Got here late, but enjoyed the show. You guys have a good one. Thank you and good night. Thank you and good night. Thank you and good night. I have Three Yetis now. Dude, you have an army, bro. You're mounting up. Get ready three.
Jeff
And look at that.
Chip
He's got three of them, baby up. And if anybody wants to buy one, you want to support the the show and support.
Jeff
Where do you go? Where do you go to buy them, Chip?
Chip
I'll tell you where you go, Jeff. I'm so glad you asked. XRP Cafe is where you go to buy them. And I will put that up on screen right now because it's fantastic. You can go there. You can. You can go to Badass Yeti's Coffee if you want to buy the best coffee around. Mike Morath will testify to that. But there it is right there. You go, click on this mint. You connect your wallet, you mint them, boom, you get yourself your own badass Yeti support. Those are the ones.
Jeff
And then we have the blue tribe, too.
Chip
Yeah, we have the blue tribe. We have the white tribe. We have all the tribes, Jeff. We got the black tribe coming out. We got the badass chimps coming out. We got the.
Jeff
Yahweh's.
Chip
Yahweh's are coming out. Yeah. It's insane, right? And then. And then this one. Jeff, sometimes people forget about this, but I don't want anybody to forget about this because this is on the chain shop and this is some of our merch. We're gonna be coming out with some new merch pretty soon, which is going to be awesome. You can buy stuff like this return of the XRP like this. It's called Sec Wars. There you go, right there.
Jeff
Fred got some badass Yeti coffee.
Chip
I love it, Fred. There you go, right there. Boom. Get some beanies. I know the weather's changing, but some cool shirts. Scp, Sec Wars, Ripple Strikes Back.
Jeff
And we're gonna have to update all that. It's, like, already legacy. We got legacy shirts now right there.
Chip
Pillows can't be 100. Sure, but I think it's magic. Beach blankets, everything. Dude, we got it all. It's all good.
Jeff
All good stuff.
Chip
Everyone likes a good, like, you know, canvas bag to throw stuff in and, you know, get out. Get your XRP cup, everything, man. It's all here, dude. It's all here. It's all branded XR hoodies, the whole thing. It's the water. I think I lost my water bottle at the gym. I went there and then, like, I went back and I was like, hey, did you find a water bottle? Like, no. I'm like, somebody pinched my. On the chain water bottle, dude.
Jeff
Someone saw it. They've been.
Chip
I was like, come on.
Jeff
Big demand for them.
Chip
Yeah.
Jeff
Ray Ron bought the small bag.
Chip
Small bag. Nice, love. Lovely, lovely. Love that, guys.
Jeff
No underwear. We don't have any underwear on there as far as I know.
Chip
No underwear. No. We do have mugs though.
Jeff
Water bottle. It should be called Maxi tears.
Chip
Yeah, yeah, I have. I. I bought Mark Dice's. Is the liberal tears.
Jeff
Yep.
Chip
I'll show you the one that I have. Here it is. I own this cup. This is my cup right here. Liberal tears. We got to do our own version of that.
Jeff
All right, we got a roll.
Chip
Gotta roll, guys. I'm out of here.
Jeff
Gotta make back tomorrow night with Dirk. Did we ever mention Dirk?
Chip
We did mention Dirk. Dirk is going to be here tomorrow night. Is super exciting to have Dirk from XTRE coming back to on the chain. Please tune in tomorrow night, get your questions ready. Come in and ask. Come in and support X Spector. An amazing project. One of the best and a great standup dude. So we're gonna have some fun tomorrow night. Looking forward to everybody joining. That's all the time we have, guys. We will see you on the next one as soon as I can. Loaded up here. And what do I have to say? There's only one thing left to say. Chip and Jeff. Oh, see you guys on the next one.
Jeff
Are you down with otc? Please like subscribe and click the bell.
C
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Podcast Summary: "Why Is XRP More Important Than Ever? (The Truth Might Surprise You!)"
Podcast Information:
[00:00 - 01:06]
The episode begins with hosts Jeff and Chip welcoming listeners to "On The Chain." They encourage community participation, acknowledging various listeners from around the world, highlighting the show's global reach.
Key Quote:
[03:00 - 07:35]
Jeff and Chip discuss the current state of the cryptocurrency market, noting a downturn with Bitcoin experiencing a decline. They reference MicroStrategy's potential struggles due to Bitcoin's price drop below their average buy-in of $66k, suggesting companies may "double down" on their Bitcoin investments. The conversation touches on how legacy and crypto markets are increasingly interlinked, influenced heavily by Bitcoin's performance.
Key Quotes:
[08:03 - 12:39]
A significant portion of the discussion centers on Ripple's partnership with Chipper Cash to enhance cross-border payments in Africa. The hosts highlight how this collaboration leverages blockchain technology to provide faster and more cost-effective transactions. They emphasize the impact on Africa's payment landscape, reducing transaction time and fees, and supporting millions of users across nine countries.
Key Quotes:
[12:39 - 34:19]
The conversation shifts to XRP Cafe, which ranks as the eighth largest NFT exchange globally. Jeff and Chip discuss the success of Badass Yetis NFTs, part of the XRP Cafe's offerings, and encourage listeners to engage with the platform. They delve into the details of minting NFTs, secondary markets, and the growing popularity of XRPL-based projects in regions like South Korea, highlighting a hackathon hosted by XRPL Korea that attracted over 200 participants.
Key Quotes:
[17:27 - 20:16]
A heated debate arises around the concept of "clawbacks" in XRP transactions. Chip criticizes an individual named Dark Horse for spreading misinformation about XRP's decentralization and clawback capabilities. The hosts clarify that while XRP transactions on the XRPL are decentralized and cannot be clawed back on-chain, Ripple's institutional sales contracts may have clawback clauses for compliance purposes. They argue that these are standard contractual obligations and not indicative of centralized control over XRP.
Key Quotes:
[28:40 - 40:32]
The discussion transitions to Wyoming's initiative to launch a state-issued stablecoin, sparking debate about its classification as a Central Bank Digital Currency (CBDC). Jeff and Chip analyze statements from Congressman Tom Emmer, who opposes government-issued tokenized currencies, emphasizing the distinction between CBDCs and privately issued stablecoins. They highlight legislative efforts aimed at preventing the federal government from issuing CBDCs while promoting private sector innovation in stablecoin development.
Key Quotes:
[40:32 - 57:11]
Jeff and Chip explore the viral trend of using AI, specifically ChatGPT-4.0, to recreate images in the style of Studio Ghibli, leading to widespread meme creation. They critique the misuse of AI in replicating artistic styles without proper authorization, referencing Studio Ghibli's founder's disapproval. The hosts also comment on the broader implications of AI in content creation and intellectual property.
Key Quotes:
[57:11 - 89:20]
The hosts engage in a lengthy political rant, criticizing various aspects of the U.S. government, including perceptions of corruption, central bank influence, and legislative decisions affecting cryptocurrency and personal freedoms. They express strong opinions on political figures, government policies, and societal issues, intertwining these discussions with personal anecdotes and frustrations.
Key Quotes:
Note: This section contains highly opinionated content with strong language and personal viewpoints.
[89:20 - 92:26]
Returning to lighter topics, Jeff and Chip announce giveaways of Badass Yeti NFTs, encouraging listeners to participate and support the show. They showcase various merchandise available through XRP Cafe, including beanies, shirts, and mugs, reinforcing the community-driven aspect of the podcast.
Key Quotes:
[92:26 - End]
As the episode concludes, Jeff and Chip preview upcoming content, including an interview with Dirk from XTRE. They reiterate the importance of community support and participation, ending on a high note with enthusiasm for future episodes.
Key Quote:
This episode of "On The Chain" provides an in-depth exploration of XRP's evolving role in the cryptocurrency market, Ripple's strategic partnerships, and the broader implications of decentralized finance amidst a fluctuating regulatory environment. While balancing technical discussions with community engagement, hosts Jeff and Chip offer a blend of informative content and candid opinions, catering to both newcomers and seasoned enthusiasts in the blockchain space.
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