Will RLUSD Trigger an XRP Shortage? What It Means for You

Summary

Summary of "Will RLUSD Trigger an XRP Shortage? What It Means for You" – On The Chain Podcast

Release Date: December 16, 2024

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Introduction

In this episode of "On The Chain," hosts Jeff and Chip delve into the pressing question: Will RLUSD Trigger an XRP Shortage? What It Means for You. The discussion spans regulatory challenges, political influences, market predictions, and community engagement, providing listeners with a comprehensive analysis of the current state and future prospects of XRP and the broader cryptocurrency landscape.

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1. RLUSD and Potential XRP Shortage

The core of the episode revolves around RLUSD, Ripple's newly introduced stablecoin, and its potential impact on XRP supply dynamics.

• RLUSD Overview: Jeff introduces RLUSD, highlighting its role in stabilizing the XRP ecosystem. David Schwartz from Ripple warns that upon RLUSD's launch, there might be temporary supply shortages leading to price volatility. He advises against FOMO (Fear of Missing Out) investing, emphasizing that RLUSD is not a get-rich-quick scheme. (00:27:04)

• Market Reactions: Chip references digital asset communities' reactions, noting extreme price predictions from various influencers, such as someone suggesting XRP could reach €100,000. Jeff criticizes these exaggerated forecasts, urging caution and rational investment strategies. (00:26:58)

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2. Regulatory Landscape: SEC vs. Ripple

A significant portion of the discussion centers on Ripple's ongoing legal battles with the SEC and the broader implications for the cryptocurrency market.

• Ripple vs. SEC: Chip cites Stu Alderati, Ripple's General Counsel, asserting that Ripple has consistently exposed the SEC's "lawless tactics." The court has criticized the SEC for pursuing litigation to achieve desired outcomes rather than upholding genuine legal principles. (00:03:22)

• Impact of SEC's Actions: Jeff argues that SEC Chairman Gary Gensler's adversarial stance against Ripple undermines the agency's mission to protect investors and foster fair markets. He envisions a scenario where, without regulatory clarity, Ripple might be forced to relocate its corporate offices overseas, stalling U.S. crypto innovation. (00:06:46)

• Debate on SEC Legitimacy: The hosts discuss the inherent contradiction in the SEC's mission statement—protecting investors while simultaneously creating regulatory barriers that stifle innovation. Jeff emphasizes the need for holding the SEC accountable to restore trust and ensure it genuinely serves its intended purpose. (00:15:34)

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3. Political Influence on Crypto

The interplay between political shifts and cryptocurrency regulation is another key theme explored in the episode.

• Republican Control and Crypto: Jeff posits that a Trump administration, backed by figures like Vivek Ramaswamy, could dismantle the SEC's stringent regulations, fostering a more favorable environment for crypto growth. He contrasts this with a hypothetical Biden administration, which he believes would continue to hinder crypto advancements. (00:05:00)

• Influence of Key Figures: Chip references Mark Cuban's critique of the Democratic Party's missed opportunities to embrace crypto, suggesting that such endorsements could have significantly bolstered crypto adoption and regulatory support. (00:09:30)

• Future Leadership Predictions: The hosts speculate on future Republican leaders like J.D. Vance potentially shaping crypto-friendly policies, further cementing the link between political leadership and the cryptocurrency sector's trajectory. (00:67:19)

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4. Market Insights and Predictions

Jeff and Chip offer their perspectives on the cryptocurrency market's current momentum and future trends.

• Cryptocurrency Market Cap: Jeff highlights the burgeoning crypto market, noting a near $4 trillion market cap and daily trading volumes exceeding $200 billion. This surge reflects growing investor confidence and mainstream adoption. (00:40:00)

• Price Projections: The hosts discuss optimistic price targets for major cryptocurrencies. Jeff envisions XRP potentially reaching $5 and beyond, contingent on market dynamics and increased utility. Chip echoes this sentiment, predicting Bitcoin could soar to $200,000 by 2025, driven by strategic reserves and reduced market liquidity. (00:43:31)

• Altcoin Performance: Despite Bitcoin and Ethereum leading the charge, Chip points out that many altcoins remain undervalued and poised for significant growth, provided they demonstrate substantial utility and adoption. (00:76:11)

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5. Community Engagement: Giveaways and Listener Interaction

The episode is interspersed with interactive segments where Jeff and Chip engage with their audience through giveaways and live comments.

• Yeti Giveaway: A recurring segment involves giving away "Badass Yetis," likely digital collectibles or NFTs, to listeners who engage via comments and social media. Jeff emphasizes the importance of having a Zaman wallet ready to receive these giveaways. (00:11:47 – 00:94:34)

• Listener Shoutouts: The hosts acknowledge listeners from various regions, including Michigan, Belgium, Australia, and Ontario, fostering a sense of global community. They also interact with specific listeners like SMG Pro Gaming and Meditations, ensuring the audience feels valued and connected. (Throughout the Transcript)

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6. Media Commentary on Political Figures

Jeff and Chip critique how mainstream and left-leaning media depict political figures, particularly Donald Trump and the Democratic Party.

• Satirical Takes on California: The hosts showcase a satirical video from Babylon Bee mocking California's high costs and regulatory environment, reflecting their disdain for what they perceive as overregulation and liberal policies. (00:53:41 – 00:55:30)

• Leftist Media Perspectives: Through clips featuring figures like Van Jones and Stephen A. Smith, Jeff and Chip argue that even prominent leftist commentators are recognizing and conceding Trump's strategic acumen in politics, further validating Trump's influence and the MAGA movement's effectiveness. (00:58:02 – 00:89:00)

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7. Conclusion and Final Thoughts

Wrapping up the episode, Jeff and Chip reiterate the optimistic outlook for XRP and the broader cryptocurrency market, contingent on favorable regulatory changes and continued investor confidence.

• Regulatory Clarity: The hosts stress the importance of upcoming legislation, such as the Fit 21 bill, in providing the necessary framework to support crypto innovation and stability. They express hope that political shifts will lead to more balanced and supportive regulatory environments. (00:26:18 – 00:47:09)

• Market Confidence: Jeff emphasizes that as cryptocurrencies gain more mainstream acceptance and regulatory clarity improves, investor confidence will translate into sustained market growth and stability. (00:43:48 – 00:49:55)

• Future Episodes: The episode concludes with a preview of future topics, including decentralization advancements and guest interviews from key figures in the blockchain space, encouraging listeners to subscribe and stay engaged with the "On The Chain" community. (00:94:34 – End)

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Notable Quotes

• Stu Alderati on SEC Practices: "The SEC is adopting litigation positions to further its desired goal, not out of the faithful allegiance to the law." (00:03:22)

• Jeff on SEC vs. Ripple: "How do you protect yourself against the fraud of the SEC or the misconduct of the SEC when they're meant to protect you?" (00:18:22)

• Chip on Crypto Regulation: "We’re not giving financial advice. We just talk about this for entertainment only." (00:95:04)

• Jeff on Market Dynamics: "If you can go $3 plus it can go to 5. If it can go to 5, it can go to 750. They can go to 750 and go to 10." (00:33:49)

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Conclusion

This episode of "On The Chain" offers a deep dive into the intricate relationship between Ripple's RLUSD launch and the potential implications for XRP's market dynamics. Through candid discussions on regulatory challenges, political influences, and market forecasts, Jeff and Chip provide listeners with valuable insights into navigating the evolving cryptocurrency landscape. The episode also reinforces the podcast's commitment to community engagement and fostering a supportive global audience.

For more in-depth analysis and up-to-date cryptocurrency news, listeners are encouraged to follow "On The Chain" on Twitter, subscribe to their YouTube channels, and participate in future community events and giveaways.

Transcript

[Jeff]

Welcome to on the Chain. This is Jeff here with cohost Chip. What is going on, everybody? What's going on? Chip tell you what's going on tonight. Your Bills won tonight.

[Chip]

Bills won't be the Lions. That's what went on. That's what went on tonight. Beat down.

[Jeff]

It was going to be a very tight margin but then it wasn't so much a tight margin. It was more of a beat down. And the big question of the day, will rlusd trigger an XRP shortage? Because I've seen some people talking about that. Some are even saying the RL USD is going to make you rich. What does that mean to you? What does that mean to us? We're going to workshop this thing. We got to talk about it. I don't know why there's so much chaos that goes on on X. But you know what makes our fun things to talk about.

[Chip]

It makes it fun and enjoyable, doesn't it? You guys ready to kick this off? Yeah. Yes. Mark, you got your chapstick. Let's go. Welcome to on the chain. Welcome to on the Chain, everybody. Here we go. Here we go. This is going to be another phenomenal week. And I just have one question. Is anybody tired of winning yet? Because I'm not tired of winning yet, Jeff. The winning is, it's just, it just keeps going and going, going. Know Trump won a lawsuit against George Stephanopoulos. Scuffle up, I guess whatever his name is, $15 million or.

[Jeff]

Puts monopolist in his place. Like Ripple put the SEC in their place. Gary Genzer is gonna is gonna be begging.

[Chip]

It's just absolutely games. You know what's fun? It's fun when CNBC gets in the game. Like Jeff, the last time we saw CNBC talk about xrp, I seem to remember it was on the run up when it went up to the all time high. They were talking about how to buy it and then when it got down to like below $2, they're telling you about sell, sell, sell. And that's the last time we heard CNBC ever chime in about it again until now.

[Jeff]

Thank you and good night.

[Chip]

And good night. So then we have xrp, the biggest winner of the Trump trade. But investors are split how far it can really run. We're not really split but it's like, you know, this is a typical cnbc. Remember CNBC leans a little bit to the, you know, the left and so they're going to tell you something. Yeah, it's a big winner, the Trump trade. But I mean there's going to be a limit. I mean, are you going to get hurt? I mean, what's going to actually happen? How far can it actually run is what they're asking here. So if you go over to the article, that's it.

[Jeff]

That the interesting thing is they talk about xrp, yet in their graphic, they're still using the Ripple.

[Chip]

Oh, boy.

[Jeff]

This is.

[Chip]

Going.

[Jeff]

Everything you need to know. We're blocked. We are blocked. Blocked again.

[Chip]

What am I missing here? Oh, you have to. This is pro.

[Jeff]

Oh, this CNBC pro. And we can't get in.

[Chip]

Okay, well, that's it. That's it for cnbc. Next story. We're gonna jump right over that. I think the next thing we're going to talk about is Stu Alderabi. Yeah, General.

[Jeff]

It was a cnbc.

[Chip]

That's the sad trombone for cnbc. So Stu Alderati, who's the general counsel of Ripple, he said ripple exposed the SEC's lawless tactics early on. And the court said, in our case, the SEC is adopting litigation positions to further its desired goal, not out of the faithful allegiance to the law. The question isn't whether the SEC or Gensler is rogue. It is the question is how we hold them accountable. Happy to discuss. And then this was him. So this is great, because now you got Stu Ali mixing it up with Vivek Ramaswamy here, and it's like all of a sudden, out of nowhere, we, we saw that Chris Larson, who's, who's the co founder of ripple, who gave $10 million in XRP to Kamala Harris. And since then, we've seen that what was 10 million, as we saw the run up of XRP equate to 25 million flush down the drain. Now it looks like Ripple was playing both sides, which is a smart way to go. Right? If Kamala wins, you want to say, hey, we were supporters. We were right there. If you see that Ripple wins, you know, if you see on the other side that Trump wins, you're like, hey, we were supporters, you know, and so you got to play both sides. If you're in business, yay. You have to. You have to do what's benefiting you. And Ripple played it straight, Right? They played it the right way because either way they would have been right. But it's good to see. It's good to see, Brad. It's good to see, you know, Stu Alarati come out, mix it up. Because I think they're positioning Ripple to be in a really solid position here. Jeff, what are your thoughts on This.

[Jeff]

I think that Garling House coming out and completely embracing MAGA is what's going to move the needle. You know, we're. We're in it. We're in a very critical point right now. And I think Garling House saw it. Maybe they were. They were splitting the difference and said, hey, you go that way, I'll go this way. At the end of the day, if, you know, Trump didn't win and we're in a parallel universe right now, which I feel like we've jumped a couple different parallel universes over the past four plus years. But if we ended up in a parallel universe where Kamala won, crypto would be nearing zero right now. Bitcoin wouldn't be at all time highs. None of this would be happening. Everything would be devastated. Ripple would be looking at moving their corporate offices overseas. There would still be no regulatory clarity in the US Market. Things would be. Even though Ripple, you know, was making some good progress, you know, winning against the SEC would get another four years of Elizabeth Warren and Gary Gensler trying to figure out how to stick it to the little man, you know, and that's how it would be. You know, they wouldn't have any power in the hands of the people. It would all be a power in the hands of the bureaucrats. Ramaswamy and Elon Musk are going to gut the bureaucracy and, and free up capital, but also bring power back to the hands of the people. Ripple supposedly is somehow, you know, intermixed into all of this, which is all about moving money and streamlining processes. It's about helping the people, not just the big institution. Even though they're a whole institutional, you know, focused company, it's gonna, it's gonna be good for everybody. It wouldn't have been good for everyone the other way. That's.

[Chip]

That's. I'm not so sure about that, Jeff. I actually think that if Kamala Harris won, I think that bitcoin would have gone on a run simply because of people putting their money into a better opportunity to, you know, to withhold any sort of, or at least stave off any sort of, like, downturn. Right. So I think that we may have still seen bitcoin go on a run. And I think that bitcoin would obviously pull some of the. Now, would it. Would it have been sustained? It's hard to say, but I actually think that that bitcoin probably would have made a run anyway because the smart money is going to go in there, and with the amount of inflation we have, look, I mean, you know, the, the devaluation of the U.S. you know, dollar continues to erode. Doesn't matter who's running the show, right? It, it, it was the inflation was like a little under 2% under Trump. But you know, that's almost 2% a year for four years. It's, it's something that continues, it's not something that comes down. You're adding 2% each year. It's a little bit slower. Then when you go up a lot higher, like 8 to 12%. You notice it because it's like, whoa. That usually took three, four years to get there where we're seeing that in the terms of 6 to 12 months. So I do think there would probably be some of that there and I think that we might see a little bit of run, but that would be short term, long term. It still remains to be seen. We saw Mark Cuban come out recently. Mark Cuban has been very smart about this in a way. He said, you know what, the Democrats blew it. They really should have embraced crypto because we saw how big the crypto, the voter block was in crypto. And he's absolutely right. Like, he made a really good point that I think they missed a really solid opportunity. And with Kamala Harris being the vp, all she had to do was say, like, hey, you know what, let's end choke point 2.0 I'm gonna make. And then she could have, she could have called for Gensler's resignation, like, hey, we're gonna make a pivot. We don't believe Gensler is the right person. He's over, you know, he's going beyond the law of what, what, you know, what, how he should look at it. And I think that that probably would have made a huge difference for the Harris campaign. Right. I don't know that it would have maybe put them over the top, but at least people would have said, oh, okay, now I have something to think about because there's an, there's embracing that. But people like Warren, who wanted to create the member, the anti crypto, you know, John Deaton called her out in both debates for creating mounting this so called anti crypto army. And I think ultimately that's. If we look back, you know, in retrospect, I think that was a big miss that they didn't endorse crypto. And I thought that would have been something that could have really helped the campaign. I don't know about the inflation side of the House, if that would have been enough, but I certainly feel like it would have at least convinced the People who are pro crypto and sort of tend. We're supporters of Kamala Harris.

[Jeff]

There you go. Hey, everyone, give a quick shout out to where you guys are tuning in from, because we got Michigan. Yeah, Cookie from Michigan. We got. From Belgium. We got all sorts of people, you know, tuning in from all over the place, from coast to coast. Got just waza over in Australia, we got Mark Smithson with some chapstick. So it must be in a hot area or it could be a very cold area, actually. So. And Chip, just, just so you know, Mark says Buffalo cheated.

[Chip]

Of course they did. We got Quebec in the house. Bonjour. Bonjour. Gotta love that, man. You gotta love. Oh, by the way, I'll be in Quebec next month. I'm gonna be going to Quebec, so I'll be going to Montreal, spend a little bit of time for a week. I love Montreal. It's a great city. Pittsburgh, Pennsyiavan, another phenomenal city. Went to school and kids.

[Jeff]

Wendy over in Indiana, check it out.

[Chip]

I love everybody coming in here, man.

[Jeff]

And we're, we're covering the country, of course.

[Chip]

Ontario too, man. I grew up right across from Ontario. Spent a lot of time in Ontario. Of course. I talk, tell the story about my relatives that came in from Hungary. They settled in Ontario, except my loan one, one lone person out of 12, 12 kids. My grandfather, who was a twin. There were three sets of twins. He was one of the sets of twins. He came to the US Everybody else stayed in Ontario. So I have a lot of relatives in Canada. A great love for Canada. And, you know, I think Canada's coming back. And like I say this make Canada great again. I feel like Canada is going to make another turn. I think they'll be the next one. You know, Trudeau's been. I think a lot of people that even voted for Trudeau are like, a little bit, like, uneasy at this point. And I think that Canada will make a nice rebound. I do feel like they're gonna, I don't know, it'll be Pierre Paulier, but I mean, somebody over there that will make a good. A good turnabout. But it's time to make Canada great again. That's what I say.

[Jeff]

That's right. And on that note, type in yeti, because when you do, you have a chance to win. There's badass. Enter into some badassery and you check out this cool, badass white tribe. Ash Yetis. This guy's kick ass. He's almost like a fire Yeti. They're in the same Area, more or less, except the fire yetis can throw fire. This guy's just cool.

[Chip]

And you know, see, the fire doesn't burn. The fire doesn't affect them. Like it. You know, they can go in like regular yeti. See, they're all dark and burnt, but they're not. It doesn't burn them. So that's one of the things that can hang around fire. That's why they're called ash yetis, because they don't burn. Just a little bit of like their coke gets a little bit ashy at times, but they work very closely with the. With the fire yetis. And there you go, right there. There is a little badass. That's a good one, Jeff. Another banger. Another banger of a. Of a yeti here.

[Jeff]

Zoom in on this guy here. Look at the detail of the fur, those hands.

[Chip]

Look at dirt. Man, that's some ashy. That's an ashy Eddie right there.

[Jeff]

Look at the reflection off the. The fire from the. The caves there. You know, a little reprieve from the tundra of the Himalayas, the cold outdoors. Look at that. That guy's really cool. So type in yeti. You guys will have a chance to win this. This badass yeti right there. Enter to. To the family of the Badasseries, we have 14.

[Chip]

14 entrance. So far.

[Jeff]

You do a drawing in a little bit.

[Chip]

So we have Fred Risboli who responded this to all the Roddy saying that now this is one of the most bullish things I've heard for Ripple and xrp. Keep in mind that this is the exact same power move that ETH Universe captured the sec, except Ripple is hopefully going to do it the clean way instead of lubing the palms of the sec. So there you go. That was also a very positive tweet. And Fred responsible was also an XRP unleashed. I thought he did a phenomenal job. I thought his contribution was really good. Phenomenal. And. And Vivek badass artwork. Thank you for that.

[Jeff]

I love that.

[Chip]

Yeah, Jeff and I create all that. So Vivek said, you know, when an agency like the SEC is so repeatedly and thoroughly embarrassed in federal court for flouting the law, it loses its legitimacy as a law enforcement. You know, we talked about this a little bit yesterday, but it's so true that here they are. They're supposed to be protecting the investor, right? One of their tenants is to protect the investor. And Meanwhile, you had 15 billion erode from the marketplace, especially for XRP holders. A lot of people had their XRP that was in a 401k, you know, like a crypto 401k. And those got locked up. So for two plus years, as we saw the price drop, these people were affected. But it's not just. It wasn't just that. We saw what happened to Library. Library unfortunately could not mount the same sort of defense team that ripple. They didn't have $150 million to back it. We had Jeremy Kaufman on this podcast. Jeremy Kaufman is a freedom guy. He's all for decentralization and it's just a shame what he was building. And again, all of our shows were over on Library and it all got put away. Why? Because 87 year old judge, or however he was doesn't understand new technology. And it's really sad. Of course it happened in the court, you know, in, in the southern district of New York. And that to me, Jeff, is just a travesty to watch a guy like, you know, Jeremy, you know, to see Kaufman lose or what's his business, it's. It's ridiculous.

[Jeff]

Yeah, it was. It's a travesty. But that, that's what Gary Genzer, you know, that's basically what they're all about. They didn't really care about any of that. They didn't care who they hurt, they didn't care how they hurt them. You know, it's just really, you know, a travesty. I'm looking for the, the actual mission statement here. I'm trying to find. Here we go. The mission.

[Chip]

Build capital formation. Protect the investor. What's the other one? Why do I always forget the third tenant of the sec? What they're supposed to do.

[Jeff]

So number one, here's what they're supposed to do right there. Require. Oh, here we go. Let's see. Protecting investors, maintaining fair. So, well, let's look at this one here. Right. We oversee. So the federal security laws that we oversee are based on a simple and straightforward concept. Everyone should be treated fairly and have access to certain facts about investments and those who sell them. Companies offering securities for sale to the public must tell the truth about their business. The securities are selling the investment risk. And those who sell and trade securities and offer advice to investors, broker dealers, investment advisors. Exchanges must treat investors fairly and honestly. We protect investors by vigorous, vigorously enforcing the federal security law to ensure truth and fairness. We deter misconduct, hold wrongdoers accountable and provide resources to help investors evaluate their investment choices and protect themselves against fraud. Now how do you protect yourself against the fraud of the SEC or the misconduct of the SEC or the wrongdoing of the sec. How do you hold them accountable for that when they're meant to protect you from that? And then how are they maintaining fair, orderly and efficient markets when you have someone like Gary Genzer who comes in and says it's all clear but yet there is no regulatory clarity, you know, from the start facilitating capital formation. Regulatory government provides companies and entrepreneurs with a variety of avenues to access the US Economy's capital market to help them create jobs, develop life changing innovation and technology, and provide financial opportunities for those who invest them. So Chip, how is it possible that one of the tenants here is to develop life changing innovation, help entrepreneurs develop, Right? And we're faced with blockchain and crypto and all of that which is in, in itself, in the essence of it life changing technology. It's something completely a complete departure. It's revolutionary in, in everything that it can do. And, and where are they to help entrepreneurs develop and build on this when they're actually trying to crush it and destroy it? And now are they achieving their mission? They're steadfast in their dedication to their long standing three part mission as we keep pace with our ever evolving markets and inspire the full confidence of the investing public and market participants alike. What kind of confidence did they inspire over the past few years?

[Chip]

I'm going to go with little to none right there. I mean it's, it's a sad state of affairs. You know, it's, and it's funny because guys like Mark Cuban, which I give Cuban a lot of respect because he battled the sec, right, and won. Elon Musk also battled the SEC and won. But one of the things I want to show here is I want to show this. Elon Musk and Elon Musk talking about the SEC a little bit here, talking about his watch. Let's watch this. The thumb on the scale section, that's by the banks that if I did not agree to settle with the SEC that they would, the banks would cease providing working capital and Tesla would go bankrupt immediately. So that's like having a gun to your child's head. So I was forced to concede to the SEC unlawfully. Those bastards. And now it makes it look like I lied when I did not in fact lie. I was forced to admit that I lied to save Tesla's life. And that's the only reason I was told by the banks. I mean, you got to like that. I mean it's insane. But like imagine being in a position, Jeff, where you have to make a choice. Do you save your company and say yes, and like, you know, you know, basically bend the knee and kiss the ring of the sec. Because the alternative is you get crushed. I mean, this is, this is like a shakedown agency. So they lost the basic tenet of protecting the investor, but also crushing companies that are super innovative. And we just saw what happened in California. California. In California, you had a scenario where Elon Musk was, he was totally excluded from anything having to do with, with, with, with the subsidies for electric cars. Now you think of electric car, sure, there's, there's two or three manufacturers. The one at the top of the list that you think about is Tesla. But because of the politics, because they don't like the guy, they're going to exclude Tesla, which used to be a California company, until they decided to move to Austin, Texas, because they're like, we've had enough, we're getting out. And this has been the case. There's been a grand sort of a. What do you want to call it, an exodus, if you will, of businesses and people. A million businesses, A million people leaving. I don't know if it's a million business, but tons of companies leaving. You're losing and eroding the tax base. And people are like, we've had it, man, we're had it. Let's go to, let's go to either Texas or Florida. They're both free, they're both low in taxes, right? Florida's tax free. Is Texas tax free, Jeff? I think it is, right?

[Jeff]

We're talking about state income tax. I don't know. Not sure, not sure about Texas, but Florida for sure. I would like to see. You know, I think. Well, you know, that's a great start. You know, lower, lower entry into business, easier. From a regulatory perspective, it's a lot easier to own a business in Florida than let's say, California. Texas also, definitely a lot easier. There you go. No income tax in Texas, so that's perfect.

[Chip]

That's where you move. So, you know, it's for the work.

[Jeff]

Texas or Florida. There you go. It's one of those two. You don't have a lot of options. Crypto whelp is saying bitcoin is fighting sell orders at a hundred thousand euro right now. It's the first time that actually crossed 100k euro, which is, which is pretty good. Property tax, insane, because, you know, Florida property tax is a little bit out of control, but hopefully that comes into check as well. Especially if they get rid of the federal tax, then, then everything becomes a little bit more affordable when you have more money to spend, so that could be a good thing. And check out this bad boy right there, man. We need some more. Some more yetis. Type in some more yeti and you guys get a chance to win this bad boy here. Then make sure you have your Zaman wallet ready. So that way we can just transfer it right over.

[Chip]

That's what we want to do, is we want to make a. We want to make a clean break. Transfer it over. Let me see, what's the next story? Here we go. We got here. So I wanted, I wanted to put up. Tom Emmer kind of weighed in on. Of course, Jeff, you remember we had Tom Emmer right here on the podcast, which is phenomenal. Pro crypto, phenomenal. But Tom Emmer also commented on what Vivek said, which is Gary Gensler has destroyed the SEC's reputation with his failed regulation by enforcement approach. Paul Atkins will rebuild it.

[Jeff]

I'm looking at that. Looking forward to Paul Atkins.

[Chip]

Yeah, Paul Atkins is the new SEC chair. Paul Atkins was the. You know what's nice about Paul Atkins is he was a commissioner, so he's not new to the sec. And also he's been really well received by Hester Purse. He's been super, you know, engaged in it. And as long as I'm worried about Caroline Crenshaw getting back in, because she was one of the ones that voted for the SEC lawsuit, I believe. But she's been very anti crypto. She's in the Gary Gensler camp of the anti crypto sort of stance. And that's not good for anybody. Let's face it. That is not good for anybody.

[Jeff]

Way too many of them. But hey, if you guys haven't gone to on the chain, go to on the Chain IO on the Chain IO and you say, hey, I wonder what can I do over there? How do I get updated when we go live? Or if you missed a show, how do you go back and watch it? Well, you can hit subscribe. You subscribe to on the Chain IO. You can support us from there if you want, or just go for the. The free registration. And then every show when we're done, we send out these beautiful emails and you get an email and it has a link just like this. Like, if we wanted to go back and watch the show from yesterday, we can log in here, we can listen to it as a podcast. We can go watch the video, go buy some badass Yeti coffee, and then you can go through all the different articles that we talked about yesterday. The beautiful thing is, if you're like, hey, I wonder who they've interviewed when their interviews were going on. And you just go over here, you can type it in. Be like, I wonder if they, you know, I want to go back and hear that, that interview with, with Tom Emmer. And then we just kind of go over here and we're like, whoa. Saving Crypto Innovation with Congressman Tom Emmer. And there you go. Go back and watch it. You want to see beautiful, you want to see Warren Davidson, Warren Davidson, who was the original behind the Token Taxonomy act, be like, hey, I wonder what's going on with Warren Davidson. Well, you can go click over there and boom, Warren Davidson right here on the chain. We got to get some more of these congressmen back on, especially now that we, you know, we have a whole new administration going on. You know, all sorts of cool things that are going to be happening because the transition period now, cryptocurrency is going to find a streamlined path with, with French Hill, with Rep. French Hill, who is going to be the, who is the head of the Financial Services Committee under Maxine Waters, got zero attention for any crypto legislation under Democrats at large got zero attention on crypto legislation. Now with, you know, we have Republicans controlling the House, both the Congress or the controlling Congress, Both the House and Senate. We've got, obviously got the presidential and we also have the Supreme Court and, you know, we also have the backing of all the popular vote. You know, think, think about how many people have jumped aboard the Trump train. Why does everybody want to jump on? Because everyone wants to keep winning, man. Chip, the markets have skyrocketed across the board, right? Everything is way back up across the board. Not just crypto. The whole stock market business is good.

[Chip]

Why?

[Jeff]

Because people feel like, you know, this. Everyone's been walking around with a Gremlin on their back or, you know, they've been walking around with Gary Gendler's thumb, you know, and, and we've had Joe Biden's hand in your pocket, you know, you think he's grabbing for your wallet, you know, but, you know, it's pretty scary.

[Chip]

I think it's been, I think it's been stashed. I mean, so let's talk about a little bit of rlusd. Rlusd. I wanted to hear, I wanted to hear the rest of this right here. All right, Christmas party tonight with some well known billionaires in business. And they told me this and I'm like, yeah, go on. What did they tell you exactly? Like, let's hear about this.

[Jeff]

What did they tell you told them this right here. Wait, there it is. Genser's post on Twitter from Dubai.

[Chip]

Whoa. Does that mean he's trying to be got to be out of the country? Is that what that means? Interesting. So let's talk about the our USD with which is Ripple's new stable coin. Now we did hear from Brad Garlinghouse that it was approved. However we don't know exactly when it's going to hit the market. So watch the Ripple account because Ripple's going to let us know there's tons of scams out there. We get the Shake Shack, the Chicken Shack on West Jefferson. There you go.

[Jeff]

He's living with Vitalik. He's sleeping on his sofa.

[Chip]

Might be. I mean that's also possible too. But David Schwartz came out with this and this is funny that he had to say this but he said as RL USD goes live there may be supply shortages in the very early days before the market stabilizes. There are actually someone if there's someone actually willing to pay $1200 for rlusd for a tiny fraction of 1 rlusd then tools will show you that the highest price anyone has had to pay, even if for a tiny bit. But maybe somebody with the honor of buying the first one of the Dax right like I bought the first one, I paid 1200 for it. But rest assured the price will come back to a very close to $1 as soon as the supply stabilizes. And if it doesn't, something is very seriously wrong as RLUSD is a stablecoin. But if you want to spend a lot of money, get that tiny bit of RUSD before anyone else does, then you can. But please don't expect the price to stay over a dollar once things stabilize, which I expect they will do very quickly. The whole point of a stable coin is to have a stable price and we had a stable that's how XRP was for years. Three years in a row was right around 50 cents, right? So short term changes in prices due to shortages of supply are and demand are certainly possible but especially around launch. But they shouldn't remain there as long as arbitragers rapidly fix the market. Please don't FOMO into a stable coin. It's not an opportunity to get rich. And the reason he was saying that was because Digital Assets Daily said in his dominant showing the price to be 1200 the conversion XRP. This is the instant overnight price the adjustment of the XRP community has been waiting for. See, this is why there's so much craziness in, in the marketplace. And you have Daniel, who is Daniel Keller who is the CEO of, of Casino Coin said as rlusd goes live there may be, you know, he talks about this but he says the fact that David has to say this speaks volumes, right? That he has to come out and make an announcement that a stable coin which appears to be showing twelve hundred dollars is because of the scarcity in the marketplace. Of course I was like, well that being said he goes selling one RLUSD for 589 because that's far market value. God sent me this via WhatsApp and I said well the community isn't really running on short of low on stupidity. So it's like come on, what is wrong with people? And then this one vet ended and said rlusd is not a get rich opportunity. If you're paying above a dollar for rlusd, you're losing money. Arbitrage will stabilize price quickly. There's no rush. It's a stable coin. Jeff, is it weird with, you know, what blew this whole thing out of proportion? All of these so called experts who are talking about 100,000 XRP price, 200,000. I'm like can we just hit the all time high first? Can we just get there first? But this is what this is. It's insane.

[Jeff]

You know, it'd be cool. Now imagine, imagine this if you could get all the code. You can own the very first rlusd and you can show that you own it. You have the first block that was ever minted or mined or whatever. And so obviously you would, you know, you'd have to capture it as an nft, package that up and then sell it. Now that could have a value of 1200 bucks. That'd be a cool collectible. Yeah, if you can make an nft, could you imagine, I mean you have, you know, a coin craze.

[Chip]

All right.

[Jeff]

People love buying and collecting coins. Why shouldn't we buy and collect NFTs of the very first minted digital asset? Imagine you're able to somehow get the first bitcoin, you get the first xrp, you get the first ethereum, you can get the first or whatever and you can show that it was, you know, on the first block and you package that up and you lock it in into that NFT that you know, could you imagine trading on that? That'd be awesome. That'd be a cool collectible to have if you're.

[Chip]

I'd be happy for the 761 XR priest. Yeah, I think I'd be happy with the 7.61 XRP. Jim D says a good source told Gensler to be the lead gremlin. Gremlin Banker. A new JK Rowling Harry Potter movie is to go into a new crypto coin to rule them all with a found token draft story. There you. There you go. Man, do I love you guys. This is just is all hell, I.

[Jeff]

Paid some XRP for a cat's bottle. Sure I'd buy the first block R.L. uSD NFT. Oh yeah. Oh yeah, you would.

[Chip]

Listen to this. So Digital G post this up on ax Swift founded 1973 by 239 banks creating a unified international transaction and transmission system. Okay, sure. XRP Ledger, launched in 2012 is about to become the new international transaction and transmission system in coming days. Now we've been hearing this for the last seven years. XRP needs to be beyond $10,000 to function effectively. Molly Elmore chimed in and said this is asymmetrical risk with a market value of 8 XRP. Once big markets like derivatives and global trade use it for utility and consequently store value, the incoming financial system doesn't want a liquidity crisis. A very high value of XRP 100,000 plus minimizes that risk too low and that risk is unnecessarily high. Then the reason people struggle with that is that their own scarcity beliefs around the implication too good to be true. And I chimed in and said I don't know. 100,000 seems low to me Jeff. It's gotta be too low, right? It's gotta be like 2, 300,000 maybe like a trillion XRP each. What do you think the fact, the.

[Jeff]

Fact that Bitcoin has reached a hundred thousand plus. Is bitcoin. Are others gonna make it to that point? I don't know. Let's just see where they all go. Can XRP get back to $3 plus? If it can go $3 plus it can go to 5. If it can go to 5, it can go to 750. They can go to 750 and go to 10. But how high can it at? You know where, where's the market? How it's all going to be based on expectation, anticipation and what people are willing to value that digital asset for. Right. Right now it's just based off of that. It just based on chip. You think it's worth that? I think it's worth that. The market thinks it's worth that. The buy and sell walls also all agreement at some point that has a certain valuation. We don't have a huge amount of actual utility behind a lot of these assets yet, you know, other than bitcoins being recognized as a store of value, that's it, you know, globally, on a global scale. MicroStrategy believes that a lot of big companies are believing that. A lot of people believe that. El Salvador believes that. You know, the US Government now believes that. There's a lot that's invested in that. If they believe bitcoin is a store value, they're going to look at the top crypto projects and also double down and want to make sure that those other crypto assets are in their treasury. It's not just going to be bitcoin. There's going to be other digital asset within the Treasury. The question is, what is it going to be? We get the rlusd, is it going to burn xrp, is it going to use xrp, is it going to impact xrp? If we can start building utilizing the xrpl, that could then transact through XRP or at least start building out using the XLS20, you know, format, you know, similar to the ERC20s. And if we take Ethereum as an example in building developers utility now all of a sudden you have real hardcore value that's being built into the industry. Look at what Flare is doing, you know, is that, is. Is Flare going to give extra value to Flare? Can it impact its, you know, the song bird is still out there, you know, what, what does that mean for interoperability? How does that impact what these people are talking about? It just kills me, you know, how can they just reference 100,000 backing it up with nothing? You know, why do we need 10,000 to move value? Why, why is that even critical at this point? Yep. Well, you know, it's just where, where's the value that we're moving? I know, but where's the value we're.

[Chip]

That's why the rlusd, because that brings in the stability. Right. We saw this early on MoneyGram, who was testing the waters with, you know, a partnership with Ripple. And one of the things in disclosures was they lost a lot of money because there's volatility. Now you're thinking like, okay, well, who cares if it's 2 or 3 cents? Well, 2 or 3 cents over 10 or 15 million is a lot of money. So the idea of the rlusd is now you have banks. You've taken that, that objection away from banks. Banks can now use the rlusd. They're going to go through the, you know, through the decks through, you know, the. You know, the xrpl. And this is what's great. You know, one of those. One of those vehicles will be xrp. It remains to be seen exactly how that'll work. But I look at this right here. Q, Dr. Evil, $1 billion. Jeff, right there. There. Elon Elian Tron says 30 bucks easily. Then we got Scooby Doobie Doo says $10 would be a sell for me reborn. John says I'd sell a little bit at $50. There you go. So it's like everybody has a price that they're gonna pay. You want to see the burn of the week? Do you want to see the burn of the week? This is the burn of the week on X. So Paul Grewall, who is the general counsel over there at Coinbase, says it seems like you conveniently. Well, let me first read this. So Justin sun says, it seems that Coinbase's CEO doesn't agree with your perspective. Who has the final say at Coinbase? This is Brian Armstrong. Reminder how Coinbase lists asset. Our goal is to list every asset where it's legal to do so. Number two, outside of our listing standards for safety and legality, we don't offer an opinion on the value of each asset. We're asset agnostic because we believe in free markets and that consumers should have a choice in the crypto economy. And Justin sun was saying, seems that Coinbase's CEO doesn't agree with your perspective. Who has the final say? Paul Gruwal, who is the general counsel, says, it seems that you conveniently ignore that our standards require safety in legality, as set forth plainly in the Text Yourself site. I look forward to your deposition under oath in California. No need to bring your banana. And what he's making fun of him on that was Justin's son. He bought the banana that was duct taped to a wall for $5 million and then he ate the banana. Right? So it's like he was just like, you know, f you in your face. And so he's making fun of and saying, you don't need to bring the bandana. Well, who steps in, but none other than Bill Morgan from the XRP community. And says your standards apparently required you to delist the token, which is found by a court to not in itself be a security. So I would not blow that trumpet too loud. Too loud. You gotta love Bill Morgan bringing it home. An attorney himself who's been a phenomenal voice in the community, but brings it home. Also one of the. One of the big sponsors of the wave of innovation in Australia, which will be going on next May, and I hope some of you could actually make it, make sure that we, we let you guys know up ahead of times to be able to plan. But you want to come there and hang out with Jeff and I would be a great time to be had by all. But this is fantastic. So Bill Morgan, who's, you know, got an attorney firm over there, was a big supporter, also did a great. He also did a great session on stage with Ripple, which was. He had a bunch of questions on the legality, the SEC and everything else. But you gotta love this, Jeff. This is just Bill Morgan. Solid, right? Right, Jeff, come on.

[Jeff]

It's solid. The whole thing. The whole thing is solid. No, I love it, I love it. I was just trying to pull this up. I think, you know, this, this is kind of important. You know, we look at this, we look at trading volume. This is the passion where people across the world, you know, think value is right now. Right? People are putting money into all sorts of crypto assets. Look at that market cap right now. The market cap is right there. Look at that. 3.9 trillion. It's gonna eclipse 4 trillion here pretty soon, which is pretty amazing. Pretty crazy. Bitcoin was hovering at $106,000, which is amazing. Ethereum 4000XRP at 2.44. Then as you start looking, you know that as this sits as the number four for market cap, it was in the number one two spot. It isn't going to take much to get it back up there. It can get back up there. $4 it go. Yeah, it's the $4 mark. We're, we're just, we're shooting right now. We're right there at $3. Why couldn't it hit 3 if it hits all time high? I, I think, you know, just the FOMO of it is going to push it even higher, you know, just like the direction Ethereum and Bitcoin are going. And it always lags a little bit, you know, behind where the rest of the market's going. But then I look at some of these others, like Tron at 20, avalanche, you know, Chain Link. I mean, you look at the shib, you know, there's so many of these digital assets out there. Sui, another, you know, great project, sitting there at 4.85. Sui is clogging it higher, what XRP is. And then we're going to have stellar trilling. And now with Polka Dot, look at all the, I mean, if we just go. Do you go down the list and you see where some of these things are valued at. Obviously you can look at where some of them started out at, but this just shows you there's a lot of interest in this space at large. I mean, considering that there is, you know, 3.9, you know, trillion dollar market cap valuation and you have $217 billion that has been trading in the last 24 hours. 217 billion. So that's where the money is. That's where the confidence. Confidence is. And then as we start progressing into this thing, it translates into which are going to maintain the most stability. Because at some point many of these are going to drop off, a lot of projects are going to fail, they're going to disappear, people are going to start whittling that down, they're going to start putting their money where they're confident putting their money. Some of it ends up back in traditional stock market. But as these crypto assets gain more momentum within mainstream, we get some regulatory clarity through Congress, through government, not just in this country, but, you know, other parts of the world, these numbers are really going to start moving because it's going to come from confidence. We're going to get more mainstream investment. Wait till we get a, an XRP etf. We have the Bitcoin etf. If you go on to grayscale and you see the momentum that the Bitcoin ETFs have brought to the space as well. Because there's a lot of money that's been put into bitcoin through mainstream, through 401k portfolios. And that really is significant. Lots of money through 401ks going through that. Because you can invest in a grayscale. Yeah.

[Chip]

And I'll talk about so and so LG says here, think about the price per transaction. How high can that go? How high will that go? Will be a good indication of the XRP price. And that's well said. I mean, that's exactly. If you think about it, that's exactly what it sort of comes down to, right?

[Jeff]

That's right.

[Chip]

It's phenomenal. And also too, I will say this, that the times we're living in right now, I mean, what we can think about for the next, you know, let's say, let's say 2025, we're coming into a good place because crypto regulation, all right, we already have good crypto regulation, you know, in Asia, also in Australia, Singapore. So we think about where it's very positive, it's only going to get better. And I think really for the marketplace too the smart money is going to just pile into bitcoin. I mean, I don't think it's unreasonable to think bitcoin can go to 200,000 in 2025 on the run up that's going on now. I mean, and especially if Trump does a strategic reserve that, I mean, so you're. The other thing I like about that is that's going to lock up a lot of bitcoin because you're not going to sell it. You're holding. Right. You're going to be hodling it. And so the US is going to basically form. Because imagine if you have someone like Canada or Mexico or other countries going into this, Australia, right. And they start going and doing this too. You're locking up a lot. So you're going to create a big scarcity on the marketplace, like what's actually available. Sure, people always sell on the way up. It goes to 120, 140, you're going to have sell, but you're going to create a lot of scarcity too. So that hitting 500,000, because I think really like the next big target is going to be the 500,000 mark. And I think that this is. And it's going to be great because we really haven't seen an altcoin sort of bonanza yet. But the altcoin market hasn't really kicked off, despite the fact that everything's kind of riding bitcoin's tailcoats. But that's just. We're that far away from that. So I think 2025 could be an incredible year for cryptocurrency across the board, for, for, you know, the stable coins too. It'll be great to see what kind of legislation comes out in the US because I think that's probably. We'll probably see legislation on stablecoin hit way before we see something else. But the Fit 21, if you think about the Fit 21 bill that already passed the House, was that Jeff? July, June, July, August, if you think about that, that in itself will sort of lead the way because all they have to do is pass it in the House. Now, there are some things that are interesting about that, especially as it retains the ripple, is because you have to be. You can't own a certain percentage of the token itself. And a lot of people are saying, well, what happens when we think about, when we think about in terms of like ripple and the escrow. But the thing about the escrow account is there's a lot of governing rules around that. Can they go ahead and pull 20 billion out of that. There's rules around that. So do they actually own it? Are they in control of it? So a lot of that remains to be seen as it pertains to the fit 21. But as we've seen some of the folks on Capitol Hill say, well now with the Republican controlled House and Senate, we should get something better because I think it will be nonpartisan in a lot of ways because I think there are so many people on, on the Democrat side of it that are on board. Yeah, okay, there's gonna be detractors, but I think there's enough of a play where they see that this is a positive, so why not get involved to go ahead and make it? And again, it's all about preserving the integrity in the marketplace. Right. And creating that innovation that I think is sadly missing. What do you, what say you, Jeff?

[Jeff]

Yeah, no, I agree, I agree with all that. I think that's good commentary. I do want to shout out Charles for that. Big support, man, huge supporter today. Appreciate that helps us keep the lights on over here at, on the chain. And seriously, we have a lot of software that we run. So appreciate that up. And he says here, when we get past five to seven dollars, we enter uncharted landscape. Not many buy, sell order orders there with no one anticipating this adoption of crypto accelerating with Trump win and the SEC dismantling, that's, you know, really solid point. We hit it, get into the five dollar space. I don't, I don't think anybody really knows what's going to happen, you know, beyond that. I think you go five, seven, then you know, the whole industry, the market, that means bitcoin's probably at 125 to 150 at that point. I think it, you know, from a scale, I think that's what's going to drive more investment. It's going to keep, it's going to keep moving, you know. So I mean look at, we're at 106. If we're at 106 on the Bitcoin, it's not, we're not far away from 110. We're at 110, that's still moving to that 115 and then on and on. But the whole market is, is heating up and it's starting to move in that direction. And just from a psychological perspective, people look at bitcoin and they're like, man, it's at 100 some thousand. Can you put frag, you know, frag or fractional, can you, you know, put in A fractional amount. Of course you can buy fractional, you know, but, you know, we are. But from a psychological perspective, people are looking at the market. Look at the top five, look at the top ten. You're like, oh, if I buy XRP and it moves up in valuation, you know, based on these percentages, can you get more out of, out of the dollars, you know, can it go further? And I believe that's where, you know, we're going to see a lot of attention, you know, focused on there. And yes, make sure you guys type in yeti because we're getting ready to do a drawing, otherwise it won't pick it up.

[Chip]

But yeah, we're giving away YETI tonight. We have 22 entries in so far, which is not bad. But guys, come on, there's a lot of people. How many people do we have watching? I've seen 700 here, Jeff, and my gosh, we've got almost over 100 even on YouTube watching, so.

[Jeff]

And also more commentary from from X. Let's get some posts coming in from X so people can throw in some commentary every so often. I know it's not easy to comment on X. Sometimes it's easier just to put in your pocket and listen. But look at that Bitcoin top, 120 to 130. Right now the top's 106. So it's getting exciting.

[Chip]

And going back to what Charles was saying earlier, I think that, you know, he's saying like five to sevens uncharted. But quite honestly, I think there's a little bit of idea of like where the, where the sort of topic top was. We've heard as much as 384, but that was an exchange, I guess, in Asia. But we know it's, it's, it's in the, it's in the high three dollar range, 350 to 380. Once we hit four dollars, that's uncharted, right? Because we've never been there before. Going back to 20, you know, the 2017, 2018 run up when we had bitcoin going, you know, making a run. And of course, you know, just it seemed like on the rumor that Coinbase was going to list xrp, there was such a big push that it pushed it almost up to, you know, the middle three dollar range. So it's going to be exciting to see sort of where that hits. But Jeff, I wanted to play this video in a second when you. Once we get through this. But there's a video that I wanted to sort of play. What do you got going on here 244.

[Jeff]

That was the tower right there.

[Chip]

What does it say? What was the official price here? According to is this coin gecko official.

[Jeff]

High here was 3.40.

[Chip]

Okay, see, like it's $3. See, even there, we're not that far away. Really. Think about it.

[Jeff]

It's close. It's really, really close. I mean, you know, if you just across the spectrum, you know, considering where, you know, the 24 hour range was, if you look at this, just the seven day range, right? Just seven days, $98 to 251. I mean, that's, that's crazy. That's in the past week. But you think about where we were not that long ago, Tom, when we were hovering in that, you know, in that 50 cent range, you know, 50 cents, where we're, you know, about a month ago. So we're about a month into this thing and, and we went from 50. So imagine you're brand new to the space and you're like, holy crap. Just found out about XRP, right? You buy in at 50 cents and you're sitting there now at $2 and 44 cents and you're like, holy crap. You know, I just, you know, it just went up, blew up. It's been amazing. Join the roller coaster. Hopefully our roller coaster ride isn't going back over the cliff. But if I think back to 2017, just finding out about assets buying into XRP, you know, and then you're buying in at some of these assets, they're like 20 cents, 17 cents, 15 cents, 27 cents. And right. And you're like, oh, if it goes up to like 50 or 75, that's awesome. And then all of a sudden it's $3 and 40 cents. $3 and 50, 380. And you're like, holy, this thing, you know, where is it gonna go? Bitcoin's at 20,000. This thing's going on forever. This is insane. And then all of a sudden, you know, January hits that of 2018 and you know, that roller coaster when it's going up nice and slow and then all of a sudden you're riding it up and you're looking up, you're like, man, the sky's the limit. And then you come over that little hump. And that wasn't a very fun ride on the way down because it was fast and furious, right? And then you're all the way back down here riding this crazy ass market.

[Chip]

Yeah, it started out, that's what started, but, but, but that's not how it ended, unfortunately. You know, it's. That's.

[Jeff]

That's kind of pennies.

[Chip]

589.

[Jeff]

$5 and 89 cents.

[Chip]

Yeah, that's. It started off really well and you're like, well then you get one of. Then you get one of these. Yeah, that's kind of how it ended up. It was not that good, but I wanted to play this video. This is sort of a thoughtful video, Jeff, that I thought you want to pay attention to and just kind of ponder this for a second. Let's just trip through this video. Here we go.

[C]

Tired of your ordinary boring life in a red state? Why not visit California? California is a premium state with premium ideas. We've got the highest housing prices, gas and taxes of any state and more is always better. Come see our breathtaking beaches, our majestic, mostly peaceful forests or come to see a family friendly dodger game. There are always plenty of free campsites. And the best part, you can go to the bathroom anywhere you want, no questions asked. Wanna meet new people? We've got you covered with a huge wave of illegal immigrants coming over the border each and every day. Hola, seniors. Diversity is our l strength. Though you may have heard its expensive, expensive here. But not to worry. Try a smash and grab, we won't stop you. We've got everything the red states have. Well, except for water and electricity and fresh air. Oh, and there's a lot of traffic. But hey, you might meet a real movie star or even Kirk Cameron. So come on down to a state where the possibilities are endless. And so are the taxes and crime and cost of living and regulations and woke nonsense in schools and blackouts and the brownouts and the wildfires and the earthquakes and the sewage spills and the droughts and much more. California, a little taste of America's future.

[Chip]

Of course, the Babylon bee. Put that together together. Babylon bead really never misses. They're just.

[Jeff]

That's awesome. I'm going there. My favorite place.

[Chip]

Sounds like a great place. I was just in California. I didn't find anything to be true. Jeff. I thought it was a great place. People are friendly out there. They're super happy you're there, you know, but I was only there for two days, so I can't really say that was, you know, got a good feel for it, but I felt it was very friendly.

[Jeff]

So. So. Amy. So me. Me. Wait, put that back up. Wanted. Wanted to post sent this document. This is from 2018. Mitch Nick and Athe's formula. So this was actually a paper that was written back in 2018, a fundamental valuation framework for crypto assets. So he's saying here that the formula back in 2017, conservatively from a mathematical calculation, predicted from $6 and 37 cents to 32. And that was way before the present catalyst. Right. So they didn't really anticipate any of the political movement. They didn't anticipate any of the catalyst, didn't anticipate adoption by, by, by governments and things like that. But this is, this is a really interesting read because, you know, getting into Bitcoin and xrp, the model application, if we look at who these authors are, you know, if they were in. Looks like in school, but Susan is economics, a technology professor at Stanford, Stanford Graduate School of Business. She also serves on the board of directors of Ripple Labs and Coin center, as well as several other technology companies. So that was back in 2018. Robert is an MBA candidate at Stanford Graduate School. He spent time with Ripple in the summer of 17 and prior to Stanford, he spent three years at CPP, investment board and Public Market Investments, et cetera. So really interesting. They get into writing a paper and there, there was, you know, a lot of, you know, that kind of research and excitement that was pending back then, getting into the technologies. This was all before that. It all just became a lot of. There was more hype than fact. But, you know, a lot of that actually really good. I was kind of looking through. So thank you me for sending that over. It was. Is it me or is it conceded.

[Chip]

When you said thank you me like you were thanking yourself?

[Jeff]

Thank you, thank you me.

[Chip]

I appreciate you doing awesome things in life. Thank you me. Thank you the handle me in on the, on the chain community, not me. It sounded so weird when you said that. Thank you me for being awesome. I love you you.

[Jeff]

Thank you me for sharing this with everybody.

[Chip]

Awesome. I appreciate everything you do in life. So, Jeff, you know, it's so funny to see what's going on in the leftist media. So we've got Chris, Eliza, who is a, you know, most people know the leftist camp. You have Van Jones, who's on cnn. And this is an interesting thing on the podcast because they're trying to figure out, like, how did Trump win? Like, what's going on? How did it actually happen? And Van Jones offers some words of wisdom here. Let's listen in. The hell did Donald Trump figure out the mainstream media is the fringe and the fringe is now the mainstream. How the hell did Donald Trump figure out. I mean, Joe Rogan is obvious, right? Like, we knew the Guy had a big audience. It's not like we were like stunned, but like, how the hell was he, the 78 year old guy who doesn't even have a computer and still like writes handwritten notes? How did he become the guy who cracked the code? On to your point. Running a cultural. I don't even want to say campaign running. Ben Jones can't even hand anymore. He wants to do a slap down right now. He's like, you see, you see how he went from being super passive to like, oh, wait a minute, I got the answer here. Let's listen in.

[D]

It was a movement heading, a cultural.

[Chip]

Movement versus a campaign.

[D]

Every one of your people knows. Elon, Elon, Elon, Elon, listen. Yeah, so everybody keeps. I mean the problem is you have a framework in your mind that how can Donald Trump. How could Donald Trump. How can Donald Trump. Guys, can we cut it out? Donald Trump is not an idiot. Donald Trump. Let me just be very clear. Donald Trump is smarter than me, you and all critics.

[Chip]

You know why?

[D]

We know? Because he has the White House, the Senate, the House.

[Jeff]

Totally agree.

[D]

The popular vote. He has a massive media ecosystem, bigger than the mainstream built around him and for him and a religiously religious fervor in a political movement around him. Andy, his best buddy is the richest person in the history of the world. And the most relevant. Kennedy is with him. He, this dude is, is a phenomenon. He is the most powerful human on earth and in our lifetime. And we're still saying, well, how was this? God, we look like idiots to ordinary.

[Chip]

You're totally right, Jeff. That's some of the best one minute I've ever seen. It's like the left is rolling over like. Yeah, I mean, even Van Jones, who. I mean, for him to capitulate like that, that's insane, right? It is absolutely fantastic. You know who else was given it? Stephen A. Stephen A. Smith from. From espn. And I like Stephen a lot. But Stephen A. Is like Stephen A. Figures something else new this week, which he has been sort of figuring out all along. But listen, this is Stephen A.

[E]

Says here the news comes amidst a bomb. A report from the Justice Department that revealed the FBI had at least 26 confidential informants on the ground when the Capitol was stormed on January 6, 2021. The report says most of the informants engaged in illegal activity during the chaos. The justice department says only three of its 26 informants present had been instructed to observe potential domestic terrorist suspects on the day of the riot. The rest of the 23 appear to have gone to The Capitol on their own accord. Upon hearing news of the report, Vice President elect J.D. vance posted the following on X quote, for those keeping score at home, this was labeled a dangerous conspiracy theory months ago, end quote. Didn't hear anything about that for the election. Didn't hear anything about that. When the quote, unquote, insurrection was broached by Vice President Kamala Harris as a Democratic nominee, the belief that Donald Trump was a danger to democracy and using this as a profound, illuminating, bullying bullet point to make that case. And now here we are yet again, finding even more evidence to Donald Trump's claims when he articulated that process is rigged. My big issue is that I'm really, really sick and tired of every time I turn around finding something else that the Democrats have lied about or downplayed or misrepresented along the way. I mean, I see Republicans like Megan Kelly or Officer Tatum or a Candace Owens or, you know, Deshaun Hannity's of the world. You know what I'm getting tired of?

[Chip]

What is it, Stevie?

[E]

I'm getting, you know what I'm getting.

[Chip]

To the Democratic Party.

[E]

You know what I'm getting really pissed off about? What I'm getting really ticked off at. Every time they open their mouth about something pertaining to y'all, they seem right to make the case that the right had a monopoly on insidious evil tendencies, corrupt tendencies, duplicitous, hypocritical, untruthful tendencies. And every time they made those accusations, we turn around and find out that at least some of them are guilty of the same.

[Jeff]

Some of them.

[E]

I don't know about y'all, but I'm sick of all of it. I'm sick of all of it. They've actually made Donald Trump look like.

[Chip]

He was right instead of them, Damn right, Stephen A. Giving it up. Right? And so this is the thing. It's like the whole idea. Well, people miss when I ask people, they go like, oh, the instruction, instruction. I'm like, what is an insurrection overthrowing the government. Okay, so who was president when they were doing the so called insurrection? Donald Trump. They were overturning the government for Donald Trump. That's an insurrection. So it's like they like, all of a sudden there's like, what's a cricket sound, Jeff? Do we have that cricket sound? Go find that cricket song. Because every time I say to somebody like, so wait a minute. So people were overturning which government this is? Well, this is January 6th, January 20th is when the new president, you know, Biden was going to get sworn in. So you're telling me people were trying to overthrow Donald Trump? Because that is the definition of insurrection. And everybody goes, you know, it's incredible, Jeff, you know.

[Jeff]

You know, who else was that went through this process? There's a whole bunch of people that have gone down this same awakening, right? At first they're angry. Then they don't fully accept it. Then they start accepting it. Then they start embracing maga. Little by little, they embrace parts of it, but then they apologize for the embracing of it, and they still go back. So Van Jones and the Stephen A. They're at the angry stage right now. They can't believe it. They can't believe what their eyes are open to, right? And at the same time, they're. They're still trying to rationalize it, right? And they're still trying to go back and say, what's us and them. And the US is still them being a Democrat, right? Because that's what Van Jones talks about. But they're angry and that. And you know who else went through that exact same thing? Bill Ackman. Bill Ackman went through that, you know, so succinctly. And he's the CEO of Pershing Square, huge investor, you know, billionaire. And he went through chip. And I. You. You and I watched his ex tweets, and we would talk about and say, hey, he's going full maga. He's gonna go full mat. Why can't he just come out and say it? And it took months and months and months. And finally he had that awake, and all of a sudden he's like, donald Trump. You got to embrace Donald Trump. And that. You know who else went through that same type of awakening? RFK. Look at this guy, man, 70 years old. This guy's ripped. Look at the stuff he's doing at 70. You see that?

[Chip]

But first, who currently holds his position in the government? Jeff, can we show a picture? Because I think it's good to sort of like, contrast and compare just to talk about health and human services, like, who's in charge? Who's running the health and human services of the United States. I think that might be it. Eisewin says here Donald Trump won. There you go.

[Jeff]

You know who else went through this? Tulsi Gabbard. And there she is. Look at her, you know, badass Director of National Intelligence now. But look at her, you know, she went through it. She was pushed out of the party, you know, she was. And it took her a while, you know, but she embraced it, you know, now she's a Republican. You know, she came, but these are, you know, three people. So now we're, we're seeing somebody else.

[Chip]

So Romney, who's the biggest rhino? By rhino, we are on R I N O, which means Republican in name only. These are people who pretend to be Republicans but are Democrats. They're pretending, but they're actually Rhinos. We hate the Rhinos more than Democrats because at least the Democrats will tell you who they are. The Rhinos will run to a mic and they'll be like, yes, we ought to pass this legislation and then they vote against it. Right. So this is Romney today. You still think there's going to be a post Trump Republican Party or is.

[Jeff]

MAGA now the Republican Party?

[F]

Oh, MAGA is the Republican Party and Donald Trump is the Republican Party.

[Chip]

What Mitt Romney say what Mitt Romney when he was just saying like three months ago, there's no way Trump will be the, you know, is leading the party. There's no way Meg is the new Republican Party. Geez. Sounds like somebody flipped over pretty fast here today.

[F]

And if you were to ask me who nominee will be in 2028, I think it'll be J.D. vance. All right. He's smart, well spoken, part of the MAGA movement.

[Chip]

You said something pretty harsh about him a few months ago, though. You, you could not have less respect for somebody than J.D.

[F]

Long ago. I'm not going to rehash history. And we've worked together in the.

[Chip]

Jeez. Fake Tapper hits him with the. You said some orange. We're not going to rehash the past. The pass was three months ago, dude. It's like, it's not like 10 years ago. It was three months ago.

[F]

Senate since then. But, but I, you know that that is what the Republican Party is. And will the party need to change? Look, the Republican Party has become the party of the working class, middle class voter. And you've got to give Donald Trump credit for having done that, taking that away from the Democrats.

[Jeff]

I don't know.

[Chip]

Angels opened up there, Jeff. It's like everybody is flipping over. Everybody's getting a little nervous, huh, Jeff? Everyone's getting a little bit easy here. You know, when you see Zuck, Zuckerberg, dude, this is one of the turning points we said with the election. We called it going to be a landslide. We saw Zach that came over and said, I don't know, I think the Trump is really great. And when he stood up and said fight, fight, fight, I'm like, okay. That was the demarcation right there. Who had the greatest set of. Of understanding where the sentiment was on the election. Mark Zuckerberg, okay, Because he's got. He has. He has Facebook. He had all the data. He knew where it was going. He knew. We all knew where it was going. But then he. Now he's contributed to a million dollars to the campaign. And didn't we just see who was it also to Bezos? Didn't Bezos just contribute like, $10 million? I don't know. I had to confirm that.

[Jeff]

No. Yeah, Zuckerberg definitely digested. But you're right. That was right after Trump was shot. He came out, he said, fight. And then Mark Zuckerberg was interviewed. That was. And. And you just mentioned it, but you and I talked about it. That was the, the, you know, a perfect, you know, setup where we knew from that point forward 100, you know, Trump was winning and Zuckerberg, because he was starting to embrace Maga and he had. He had his finger on the pulse and he changed. He. Everything that he said, everything that he was doing, everything was. Was changing. Yeah, Fear is a great motivator. And that's a. That's a great point. You know, Jacob's ladder, you know, just considering the direction that the country is moving in right now. The whole world. The whole world is coming in. They're looking at Trump, like, now we've got a real leader, you know, back in position. The whole world's going back into a stable mode again because we had four years putting everybody in their place, and there's zero leadership in the world. There's never going to be leadership coming out of the EU It's a. It's a disaster. Russia, no, China thinks they can be, you know, a leader. They could have a seat at the table. They're not going to lead anything. You know, where is there a leader? That leadership position always came from the U. S. We've had a vacuum, complete vacuum for four years. And when there's a vacuum, you know, the crazies come out to play and all that. You could hear the sucking sound of everything. You kind of sucked in as all the chaos was going on, you know, but that's all over now. Things.

[Chip]

Bozo, Jeff Bozo. I mean, Bezos gave a million. So there you go. Big shout out to my buddy J.T. who's watching tonight, which is good. I love to see that. By the way, Jeff, this video has nothing to do with anything. I just think it's a fun video. We have to watch a fun video because we always like to end on something. Funny. And this is a fantastic video. You've probably seen it before. It just never gets old. It comes up in my feed once every, like, couple weeks, and it's fantastic. You know what? It's gonna be right? Here we go. Here we go. Let's go. That just never gets. It's the greatest thing, though. I post all kinds of crazy stuff with that dog, but that right there.

[Jeff]

Is like, just always growl at you.

[Chip]

That's just fantastic. You gotta love it. Adrian's digging it. There you go again. It has nothing to do with anything, but it's just a good video. It's fun, right? It never gets old. It's fun. We'll play that every day on the podcast and everyone will love it. It's fantastic. Let's do the giveaway. Jeff, are you ready to do the giveaway? Are we ready to draw?

[Jeff]

Last chance. How many do we have in?

[Chip]

27 in right now.

[Jeff]

You have to have a Zaman wallet, though. You have to have your Zaman wallet ready because we need the Salmon wallet address. But if you type in yeti, you can only type it once because it takes it, you know, from the one time you typed it. But if you haven't typed it yet, go ahead and type it. Make sure you have your Zaman wallet ready. Can only just say yeti. Yetis. But you gotta. It has to say yeti. You have to type it in. Type in yeti.

[Chip]

Y E T. I pick me crypto lady. You gotta put yeti in there. If you did already, you're good. It'll only take it once. You Type it in 15 times, it'll only register it once. So there you go. See you next time.

[Jeff]

This is Schmitty. Let's go.

[Chip]

Ready?

[Jeff]

Let's go.

[Chip]

I think we're ready to go. We got 33 in there. Three, two, one. Let's draw. SMG Pro game wins. You have to type in here so we know you're here. If you're not here, we're gonna draw again, but a minute ago.

[Jeff]

He's right up here. So SMG programming, stay here.

[Chip]

See here, there's a 15 second delay or whatever from the time we talked to the time you see a comment, but congrats.

[Jeff]

Take your Zaman wallet address and put it in here so we can grab it and then we can transfer this bad boy over to you.

[Chip]

Yeah, yeah, let's do it. Let's do it.

[Jeff]

Europe.

[Chip]

Europe. Where are you in Europe, man? Okay.

[Jeff]

What part of the world are you coming in from?

[Chip]

Something's trying to buy Time with like, there's going to be a delay from Europe. It's like until he finds his Europe. So it's going to take me an extra tenth of a second here to be able to bridge that.

[Jeff]

There's always one fixed. There we go.

[Chip]

Fixed, fixed. I know. I thought WA was gonna win because he was like, waza. Then this is always like it always gonna go and then it like it's. You know, it's like when you watch, when you watch that, the price is right, it goes click, click, and then boom. Bankrupt, you know, right on the thing. But SMG wins it.

[Jeff]

A Super bowl ticket giveaway.

[Chip]

All right, Mark, that's crazy though.

[Jeff]

All right, SMG Pro Gaming is getting his wallet ready. As soon as we get that, we're going to transfer this bad boy right over to you. You'll get it instantaneously. You know why? Because the Badass Yetis, you know where they live, they live on the xrpl and that you can connect your. Can you connect your Zaman wallet to the XRP Cafe. XRP Cafe. And then we transfer this bad boy right over to you. That's how kick ass it is. There it is right there. Yeti. Badass yeti number 432. Look how cute and cuddly this guy is. He's deadly. Also, there's some of his stuff. He got some Rocky smoke. You got the Ash Yetis, guys. Kick ass.

[Chip]

Kick ass, baby. Ash Yeti is about heading to your wallet. SMG Pro Gaming, man. You are about ready to get that sucker. We got to see your wallet address. And Jeff, are we monitoring and type in there, say my wallet address because otherwise it might get.

[Jeff]

Oh, yeah. Oh, yeah. YouTube likes to block stuff like that.

[Chip]

Because we got to make sure on YouTube that we're actually seeing the fact.

[Jeff]

Elian says when Badass Yeti Meme coin. Hey, there you go.

[Chip]

We thought.

[F]

We got.

[Jeff]

We gotta get. Well, there's. Yeah, there's things that have to happen.

[Chip]

Before the moon coin first, but we're not ruling it out. 100 but it could be. And that will. That'll be the other giveaway. We'll give away, you know, the meme coin here. But it has to be. There has to be some. Something to it. We'll. We'll get there. All right, while we're waiting, I want to video up because this was pretty moving. This is the Army Navy game that Trump and J.D. vance attended. But this is. This is a famous college game. So army and Navy square off and American football. And this is the national anthem. I wanted to play a little bit of this. As we, as we wait, await the wallet here.

[Jeff]

Please remain standing for the singing of our national anthem performed today by the combined glee clubs of the United States Military Academy and the United States Naval Academy under the direction of Connie Chase. Can you see by the dawn's early.

[Chip]

Light what so proudly we hailed at the twilight's last gleaming?

[Jeff]

Whose brush rise and bright stars through.

[Chip]

The banner the spies for the round Once we. That was pretty cool.

[Jeff]

That was pretty nice.

[Chip]

Pretty cool. Pretty nice. Then. You know, it's so funny, I was watching all over an X because Trump was saluting. They were like, you don't have to salute. Why are you saluting? And of course, man, they got. They got roasted. And of course, yeah, you do salute. I mean, especially the commander in chief or the soon to be, again, commander in chief who controls all of the services in, you know, the armed forces in the U.S. but again, a lot of it's done out of respect. You cover your heart or you salute when it comes to armed forces. And it just goes to show you how much they're trying to nail Trump on everything, but they just can't get them on everything because they're just incredible. So we've got Zobra says, outstanding.

[Jeff]

Smg. You gotta. You gotta get the smg. Pro gaming. You got to send your wallet address. You got to send your Zaman wallet address over to us so we can transfer this bad boy over to you.

[Chip]

Yeah. Otherwise you have to give.

[Jeff]

Otherwise we got to give it away. Give it away. Give it away.

[Chip]

Give it away. We give it away yet now give it away. Let's go. So we just need that.

[Jeff]

Damn right. Hell yeah.

[Chip]

Damn right. People make a big deal out of everything. Of course they do. That was a good performance. Gonna make me cry. Fantastic. You know, it was good. It was, you know, it was one of those days where, you know, everybody comes together. It was really awesome. So, yeah, really good performance. Chills.

[Jeff]

Steve said he has to dump. Hopefully. Hopefully. If you're. You got the xrp, you got the Zaman wallet, then you got to set it up, then you got it. Yeah. If you don't have it, then you have to go through a little bit of. A little bit of a process, you know, to get that, unfortunately, and.

[Chip]

But now it's one xrp, so that's one crypto whelp. Here's down to the wall. Just let us level with us. Do you have the wallet or not? Yes or no? Yes or no?

[Jeff]

Set everything up. There he is. Help me get that view. Yes. I'm so lost. Ah. Okay. Your Zaman go wallet and copy the address. So you have the. You know, the Zaman wallet.

[Chip]

Right.

[Jeff]

If you have a Zaman wallet, that's what connects. So your Zaman wallet actually connects to the. To the XRP Cafe.

[Chip]

Yeah. Do you have an wallet? Yes or no?

[Jeff]

You don't have it. Ask before the lottery. Oh, we missed that. So the Zaman wallet address.

[Chip]

Yeah. So I'll tell you. I'll talk you through it a little bit. So on the Zaman wallet, what you do is you go into your. Once you open up yours, you basically click on. What is it, Jeff? It's not that easy to get to your wallet address.

[Jeff]

Well, you got to connect it. Well, yeah, Well, I mean, once you get it, you can get the wallet address, but he doesn't have it. He doesn't have a Zaman wallet. Got XRP and multiple exchanges. So in order to. And I'm sure there's a way to do it throughout, but it's through. The Zama wallet is the easiest because you can just give us your address. We put it into XRP Cafe and it sends it to you. Then you have to have your seed phrase. There's all sorts of different components to all that. You have to. If you have xrp, you got to put a little bit of XRP into the Zaman wallet, and then that's it.

[Chip]

Yeah. Put your.

[Jeff]

Download it on your phone. You can download it on your phone. Go to. Go to your app store and you look up for. You look up. Let's see. I don't have the iPhone.

[Chip]

Luigi almost saying now he has to buy XRP to fund his wallet. Well, it sounds like he has it on the exchange. You just have to send it. I'll tell you what, let's do this. Why don't you go ahead and send us your X handle so we know who you are. Put your X handle in there, and we'll give you well for it. Well, we should do a redraw here, but we'll give you the. For the opportunity to kind of hit us up, because I hate. I hate to someone who has XRP but just might not have their wallet set up a chance to write down your seed phrase. Or if you do a password on Zaman, I don't want you to rush it along here, but go ahead and do that. That way, if you have any hours, we'll still honor it. But I want to go ahead and give it away to somebody tonight. So why don't you go ahead and just tell us?

[Jeff]

We'll still get one.

[Chip]

He says it's calling. Yeah, that's fine. We'll still get. We'll still give it to you, man. We just want to make sure that you hit us. Give us your smg. Give us your. Who are you on X? Like, what's your X handle? So we know when you reach out to us, it's actually you and not some scammer. So go ahead and tell us what your X handle is. Just put at whatever it is. At whatever. And we'll take a screenshot of that. That way we know when you guys. When you actually DM us. It's the right one. So go ahead and do that real quick. I want to thank Mark Smithson who got his chapstick ready for tonight's. You know, for tonight, which is good because you got to have that chapstick ready to go so your. Your lips aren't smacking. So thank you for that super sticker. Appreciate that, Mark. And also.

[Jeff]

Too.

[Chip]

You know, appreciate. Also too. What else? We also had another big support here from Charles from Pittsburgh. Really appreciate that as well. Thank you, guys. It does help keep the lights on around here and pays for all the software and all that good stuff. So that's always a hot wallet.

[Jeff]

Exactly.

[Chip]

Yeah, That's a good point. In my opinion. Best practice, have a hot wallet dedicated to this type of use case. Absolutely. 100. That's why we always preface it with guys, you know, have your Zaman wallet, because one of the things you have to do is connect to XRP Cafe. The Zaman wallet is the only one that I know that actually attaches to it. So. And it's also a good. It's a good. It's also a good backup wallet to have too. And there's also some good off ramps as well. So.

[Jeff]

And we're gonna do another redraw. So people are putting in yeti. So it's actually adding more to the.

[Chip]

Yeti redraw, which is 35 in there for now, Jeff. So let's go ahead and we'll. We'll stick it back up there.

[Jeff]

Coming in with yeti. So flow with a yeti, Scott with a yeti and smg. If you keep setting it up, we got your bad boy here. We'll pick another one and give it away. So gonna get another.

[Chip]

Go ahead and give us your. Your handle. Did he give it. Did we see his handle yet? Maybe I missed it.

[Jeff]

I don't know. Give me.

[Chip]

Rack a wrench. He's always on Wednesday.

[Jeff]

Mac has got a wrench.

[Chip]

B Rack has got a wrench.

[Jeff]

Bmac. Say something. Say something.

[Chip]

Wise crypto Welps. Right? Got Belgium in the house. There's only one XRP to open the wallet. That's right. But you still got to fund it, Right? So as people are typing in yeti, we're going to draw again. We're gonna need your handle.

[Jeff]

Yep. Give me a minute here.

[Chip]

The hell's that?

[Jeff]

What's it?

[Chip]

I think the TV turned on by itself and I'm hearing like this surround system. Like, I hear. I'm like. I'm like, listen, man. It's just that nft. I'm like, who's coming after me? You punking me? I'm hearing this, like, great sound in the other room.

[Jeff]

Oh, let me.

[Chip]

That's weird.

[Jeff]

Log in X. Real quick. Let's see if I can find him real quick. Hang on. And meanwhile, we're going to pick another one and we are going to.

[Chip]

All right, let's go ahead and we'll give another one away. Here we go. Okay, so we're gonna. We're gonna show this one here. Okay, I'm gonna draw again, guys. We have 37 in there, so you have a one in 37 chance of winning this. I'm gonna go ahead and win and. Go ahead. You have SMG Pro Gaming in your notes there, Jeff.

[Jeff]

Oh, let me change it. But I can't find him on.

[Chip]

Because there's a lot of real name.

[Jeff]

He said it's under his real name. But there's a lot of. Yeah, we don't a lot of other.

[Chip]

You need to drop your mark.

[Jeff]

There's a bunch of other Mario Rodriguez. So if you have your at, just copy your. Your ex at whatever it is, go to your ex and just cat, you know, your end of the ad symbol, whatever it might be, and just post that in here. Then we can add you and we'll talk to you and we'll get it, help you get it set up. Meantime, so I've got number 432, you know, marked for. Marked for Mario here. SMG Pro Gaming. And let me pick. Wait, wait. I gotta pick the guy. We're gonna. We're gonna do here. I think let's pick. You know what? Since we're given an ash yeti, let's. Let's get this bad boy here. He's the opposite. So he's. We are gonna give. What's that?

[Chip]

Share your screen, buddy.

[Jeff]

I was going to fight you.

[Chip]

Oh, my.

[Jeff]

Gosh Fire Yeti. Yeah, Fire Yeti.

[Chip]

Fire, Fire, fire. Click on him so we can see him a little bit more full size here.

[Jeff]

Let's check him out real quick and we'll see who's gonna win the Fire Yeti. But if you want to see this cool ass fire Yeti, check this guy out. Look at, look at the. The fur on this guy. Smile the eyes. And he's got, like, some earmuffs. He's got a cool, you know, vest with some things going on over there.

[Chip]

Some things going on over there. He's got a little fire in his head. He looks like a candle he slid up.

[Jeff]

There's a little flame off of his head. This guy's ready for business. He's going to burn some stuff up.

[Chip]

BMAC loves this one. So I think bmac, you know, you're. You're set to win. You got a 1 in 38 chance of winning. Okay, let's go ahead. You ready?

[Jeff]

Here we go. Let's draw.

[Chip]

May the best person win. Let's go again. Here we go. Here we go. Look at cycling through. Cycling through. Who will it be? Boom. Eyes Wine. And I know he's not in here anymore.

[Jeff]

I think Eyes Wine said he was leaving.

[Chip]

Yeah.

[Jeff]

So Eyes Wine. I think Eyes Wine left a little while ago.

[Chip]

Yeah, that's my buddy, by the way, and I need that.

[Jeff]

Oh, man.

[Chip]

Here we go.

[Jeff]

Roll it again.

[Chip]

He doesn't have a wallet. I know that. So.

[Jeff]

All right, so let's roll it again. Here we go. One more time.

[Chip]

Ready? Let's go. Who's it gonna be?

[Jeff]

Meditations.

[Chip]

Meditations wins is right there. Meditations.

[Jeff]

Boom. Meditations win. Meditation. Say you're still here. Say, hey, I'm still here.

[Chip]

Yeah, we don't want you to leave.

[Jeff]

Yeah, you're still here. Meditations. If you're here, hopefully you have a Zaman wallet, because this will be. You have a.

[Chip]

This is gonna go on all night, Jeff. We can't have.

[Jeff]

When we say Zaman, you have your Zaman wallet. We just need your Zaman wallet address, and then we're going to transfer this bad boy over to you.

[Chip]

Okay, you're here. Not confirm you have a Zaman. So we can do this. So we can get the show on the road, mister.

[Jeff]

And then we can meditate, and we can all go meditate. Are those like the. How do I do it? Do you have. It used to be the Zum wallet, and now it's a Zaman, like Ramen, but with an X Zomit. Man, if you don't have a Zaman wallet, then we're in trouble.

[Chip]

Yeah, that's gonna be the. Why don't we put that up. Flash stuff. You must prerequisite.

[Jeff]

You must have basically just the Zaman app.

[Chip]

That's right. That is exactly what it is. But you got to have it whether you have Android, whether you have.

[Jeff]

Right. If you have it already set up. Because SMG Pro Gaming is trying to get that set up. Trying to reach out to us via X so we can get that bad boy. We had a. The Ash Yeti.

[Chip]

He sent it.

[Jeff]

Okay, all right, hang on a minute, hang on. I gotta go and look. Hang on a minute.

[Chip]

I have to put my wallet because unfortunately it's it. It wipes it out. Congrats. Of all the Yetis, this was one of my favorite ones. Nice, nice. Yeah, it's one of my favorites too, that one.

[Jeff]

There's.

[Chip]

So there's a lot of good ones though.

[Jeff]

There's a bunch of Bmax said he sent it.

[Chip]

Just type in. Type in my wallet and then colon. And then put the after. Because unfortunately YouTube cycles it out. For some reason it thinks it's spam.

[Jeff]

Yeah, Jeff or no, I don't see anything, man. Trying to see it on different. Different platforms.

[Chip]

Let me see if I can find it here.

[Jeff]

I don't see it. Mike sees it. How come? Can someone grab it and just say, hey, whose was it? It's so weird that I can't see it. Maybe you can.

[Chip]

I have it.

[Jeff]

You see it?

[Chip]

Yeah, I do see it. It's on here. I'm gonna put it in the private chat here. I grabbed it. So we're good. We're all good. This is good. Good, good, good. Oh, now I see it there.

[Jeff]

Okay, put it in the private. Yeah, it's here. Now I'm gonna grab it and let me. It's there twice. And finally said my wallet. Then it comes through.

[Chip]

So grab it.

[Jeff]

So it's all good here and let me grab it real quick. Okay, now here's what we're gonna do. Meditations. So we are going to. Now this is for this guy right here, right? This is the badass Fire Yeti. So I'm going to click in here. I'm going to transfer this bad boy over to you. So I'm going to hit transfer and there we go. Now watch this. So we go up here. This is going to open up the zum wallet. I'm going to now transfer this bad boy over and then that's it. It's going to be quick. It's going to be quick like that. Here we go.

[Chip]

There you have it.

[Jeff]

Right.

[Chip]

Well, thanks, guys. Thanks for stopping by. I really appreciate everybody that turned up tonight. Appreciate the, the super chats and super stickers. And we will be back Wednesday night with another banger show. We got some good guests coming up in the crypto space, which will be fantastic. So we'll be talking about that. Get some more guests on here. A lot of people there will be scheduling over the next couple of months, but having some good conversations, talking about, you know, decentralization and advancements in the blockchain world. And we're excited to have that. So thank you everybody for being here. And that's all we have. So we will. We are now out of here.

[Jeff]

And meditations. It's on its way. You should have it. And go check that out. Get one of those badass Fire yet meditations.

[Chip]

Go ahead and post on X and then tag Jeff and I and on the chain on there so we can also retweet it and also put it on the, you know, the badass Yeti's X account. Yeah, but you can go ahead. If you don't know who we are on Twitter, you can just go to onthechain IO you can see our Twitter handles there. So you can grab it right from there.

[Jeff]

So yeah, yeah. Awesome meditations. Got it. So that's awesome.

[Chip]

Go ahead and post about that, man. Appreciate you. Thank you for everybody being in there. And of course we will.

[Jeff]

We'll work out the little and SMG Gaming, make sure, you know, you ping us, get us at on the chain.

[Chip]

He doesn't have an extra console, but.

[Jeff]

SMG Pro Gaming, man, you know, get that set up. If you ping us on on X, we'll get it and we'll get yours over. I got it marked off here. Otherwise, show up Wednesday night, 8pm Eastern Standard Time. We'll be right here. Make sure you give us a shout out, say, hey, I've got my wallet ready to go for the Yeti. We'll be giving away another badass yeti on Wednesday, so it'll be awesome to check you guys out there. 8:00pm Eastern Standard Time. And Ricky Ricardo. The Ricky Ricardo and faster Solana.

[Chip]

Yes, it is. It's a very good tech. So does it have the chance of hitting 100, 200 bucks? Absolutely. It's just hit just under $5 right now. Two months ago it was 95 cents. So yeah, it's got great tech. So we're not, listen, we're not giving financial advice. We just talk about this for entertainment only. We don't ever give financial advice. Do we think so? Yeah. Do we know? We don't. Nobody does. But again, we think it's pretty solid tech. We can tell you that much. So that's all we have, guys. We will see you guys on the next one. Chip and Jeff. Oh. See you guys on Wednesday.

[Jeff]

Are you down with otc? Please, like, subscribe and click the bell.

[Chip]

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