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Welcome to on the Chain. This is Jeff with co host. I don't even know who this guy is. It might be Chip. Check out that new do, man. Looking good, looking good, man. Look at that. So welcome everybody. Welcome on the chain community. Welcome crypto community. XRP adoption explodes RL USD $650 million Trump tariffs ruling rocks DC A lot of stuff going on over there. What is going to happen at the court level that's going to be interesting. Obviously there's some fight back. Crypto. RL USD surging past the 650 million dollar market cap. Pretty big news over there. Some big things rolling out in Japan, unlocking some new liquidity. And there's something called gummy. We gotta look into what that is. What's gummy all about? And flip flair. What's going on with flair? Because there's some big news, some big moves happening within the geopolitic realm. Trump tariffs facing a federal court smackdown. So we got to get into that. We gotta deep dive and dig up some dirt on that. Plus, as always, funny clips memes in your daily dose of unapologetic truth. No fomo, no rigged rules, just unfiltered takes with crypto politics and badass coffee energy. You know it.
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Yetis. Let's go. Welcome to on the Chain. Welcome everybody to on the Chain. Chip here. I feel like I've got. I feel like I'm wearing a costume, Jeff. Like it's a new. This new do here. It's like I'm getting used to it. I'm. It's the whole thing, man.
A
Look, it's crazy. Look at that. That looks so good.
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Fade on the side, man. Looking good. Super. Still long on top, you know, more long hair.
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Hippie freak.
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No more hippie freak stuff here, man. No, no more. No more, man. It's all good. Hello from the uk. We got some good UK user today too.
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XRP plumbing. Oh, hell no, Chip. You're drinking Dunkin Donuts.
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I love Duncan, dude. Don't even mess with my Duncan. Don't even mess with it. Don't mess with Duncan. I first of all, not at my house, I'd be drinking badass Yetis, but I didn't pack any. So this is what I'm drinking close to where I'm staying.
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That's it. Nice.
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So there you go. Yeah, there you go. It's not as good as obsidian. Not even close. Not even close. Not even close. Nice. Dude. Look, fella don't need with the coffee. It's an upgrade. Yeah, upgrade 2.0, man. Took. Yeah. I mean, oh my gosh. It was. What, what, what a. What a big change, you know, I had to document the whole experience and, and it was, it was good. I like to know who I was. She was like, who is that dude? Yeah, from that.
A
Look at that. Oh, my God. Back with the living exposition. I can't believe.
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Super happy about it.
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Oh, yeah.
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Super happy about it, right? She's. What she's. She's saying. Yeah. So that's the official word. Yeah, it's all good, man. How we doing? We doing all right? You doing all right? All right?
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All right.
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Look like Rick Astley. Yeah. No, I'm gonna start singing, dude. Ain't gonna happen, Ricky. I see a roll you, man. That'd be great. Never gonna give you hope Never gonna let you down. Go Rick Astley. Sorry. Just joking. We pulled the bask off, but it's back to normal again.
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Back to normal.
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Back the normal. Well, after three plus years of growing it, Jeff, I was like, dude, oh.
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My God, it's crazy.
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Yeah, Three plus years. Three plus, three years, man. Rick Astley.
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The Rick Roll.
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The Rick Roll, baby. Rick Roll.
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Chippendale's calls.
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Yeah, we got all kinds of stuff coming up, so let's kick it off with our pal, Jack McDonald. He seems very stoic though. I like to get that guy out for a couple of drinks. So if I run into Jack over at Swell up in New York, I'm gonna say, hey, Jack, gonna lighten up a little bit, man. You're always way too serious. No, I see him crack a smile. He's always like on cameras, always like, oh, Jack McDonald ripple. Jack McDonald up for ripple. CEO. Standard custody, you know, he's not jovial like the rest of the Ripplers.
A
I think he's the rest.
B
He's just serious on camera. I bet he's a really funny dude to hang out with, though. But I will go up, take a photo with them. We'll see what happens.
A
But over a couple scotches?
B
Yeah, that's what I'm thinking.
A
Yeah.
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There he is. Here is. Thought you were teasing this in the beginning. The RL USD monthly independent attestation. Now live some highlights across the 650 million in market cap. Explanation point right there. Minted on XRPL was part of the very first ipo. Proceeds payment in stable coins from Bullish. Remember Bullish wanted to be paid in stablecoin. That's raised. So that was pretty cool. It was one of the stable coins that was part of that deal. And then aave the Horizon platform is going to allow users to post US Treasuries. What else we got here?
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All sorts of stuff.
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And institutional funds, collateral to borrow stable coins, including the RL USD. Unlocking new liquidity. It's all about liquidity, Jeff. Yeah, let's see how much liquidity there is. All about liquid, need liquidity, XRP and you know, some of these. Let's see what happens when Bitcoin hits 200,000. Let's see if the liquidity is there. Let's see if it's not gonna. This bull run's not gonna create some panic. Also, Ripple USD is coming to Japan next year through a ripple and SBI official partnership. And Q3 shows no signs of slowing down. You check out the previous reports here.
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Stuff's still going, but another one of.
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My favorite people X, Dr. Arthur.
A
Huh?
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He said sadly, only 12 and a half percent of the ripple USD supplies on the XRPL. That's because most of it is sitting over there on Ethereum and that's where the people are. So that's where you don't want to go. Siloed stable coins. Yeah.
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No, well that's, you know, it's, it's interesting, right, For a stable coin perspective. Definitely can't have it siloed. Already have too much silos going on. You know, even if you kind of look, you know, at the NFT markets, you know, one compared to another. You know, if you, if you look at the NFT market on the xrpl, it's very small in comparison to what's going on over in, in over at Ethereum, but yet people keep dropping stuff over here on the, on the nft, you know, marketplace there at XRP Dot Cafe, which is where the badass Yetis are. But the people are over at the, at Ethereum, they're out at opensea. Just like, you know, Ethereum is just such a big player in the space regardless what anybody says and any opinion, you know, they might have to deep dive on some of the history of Ethereum. But the people are with Ethereum, like you just said, the people are with the Bitcoin. You know, there's, to the xrpl, it just isn't there yet. But there's a solid foundation to build on and that, that's the key.
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No, of course. James Rule checking in the big old love there.
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I heard James got a new pickup truck. Yeah, long ago.
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Yeah. You got a pickup truck? I just post a lot of stuff. What's going on in his life, in his world? Thomas Brennan Says, I can't believe you only have 25, 000. Well, we had 26, but it. We had almost 27. But it's been slowly eroding for the last three years because of the shadow ban of YouTube.
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It's what. It's. It's really weird. Yeah. Our growth, we grow. And then YouTube says no. In. In the. Out in the universe, we have some of the best subscribers and followers, I think, out of any channel. I've never seen such intelligent commentary. You know, that's the show behind our show. We read. We read the commentary, we get some of the top people in the space that come through here. And so as we put this out into the universe, yeah, the channel is definitely growing with the right people, I think, is what the key is. You know, not a lot of fluff, not a lot of fomo, you know, fanboys out there. Look, we were cruising.
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We're going back to the first two years of the podcast. We got the 25, 26, 000, very quickly, very cool. Then we started geo. Doing geopolitical stuff, and I think it's gonna happen.
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We're gonna grow again. Then it kind of went sideways for a while, but I think we're gonna grow, you know, again. We're, you know, we've got some consistent measures, and now we can look at all the great people we have here and all the new people that are popping in, I think is.
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Check that out right there.
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So just really cool.
B
James and I were talking one day, and it was telling about the coffee, and he said, dude, I'm gonna try some of that coffee. And he did just talk about it. He went out and bought two bags of coffee, and he likes this dark roast. Is that your favorite, James? You say the dark roast is good and tell people what the difference is about fresh roasted beans. When you get those beans, you can just put them in your mouth and taste the difference. You don't crack a tooth. But the other ones been sitting on a shelf, they're so dry, it's like the Sahara desert. It's like they crumble in your. In your. Like, sometimes you can't even break them, they're so crispy and. Yep, that's what he says. Yep. Told you so. Told you so. That's James's catchphrase. Everyone tries to use it now because. But James is the one that originated it.
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Steve is saying that we have issues with YouTube because we traffic Yetis.
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That's true. That we do resemble that comment. That is an absolute truth right there. For sure, without a doubt.
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Yetis and yowies.
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Zober says I'm the only. I'm one of the smart, smartest dumbasses I know. That's true. We all are. When it comes down, right down to it. Boom. Right there. A little disco step. Champagne, baby. Wait, Chip. You're in New York and you're drinking Dunkin Donuts coffee when you have so many varieties? I didn't say I was in New York. I said when I'm in New York at Swell. I didn't say I was in New York. See, you have to listen, my man. I know you're in. I know you're in Florida, but you have to listen. Sledfast is in the house. Where's Sledfast? Coming in from today from Love Fest 597. Love Key. Where's Love Key? Is that in the UK?
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Lead fast.
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That's okay, man. No worries. That's fine. Ask questions. We gotta. We gotta get them answered.
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Nobody.
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If I was in New York, you're right. I would not be drinking. I can. Sure. You are 100, right? You were right, though. If I was in New York, I would not be drinking Duncan, for sure.
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Winnipeg. That's right. He's in Canada.
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Now, if I was in Massachusetts, we don't have really that much Canadian stuff going on. It's the same. But if I was in Mass. Or Rhode Island, I would have no choice but to drink. Now, if I was in Canada, I'd be drinking Timmies. I'd be drinking Timmy's. I'll be drinking some. We call it Timmy's up there, but Timmy's. I'll be drinking some Timmy's. Yeah.
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We gotta love Tim Hortons.
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I love it, man.
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Tim Hortons. They got some of the better baked goods. Just.
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Yeah, Montreal is always that. There's a Timmy's on every corner. So I just go there and grab some. So that's good, man.
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Amazing. All good in Winnipeg.
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It's all good in Winnipeg. I love Winnipeg, baby. Okay, here we go. So Wrath of Common, he's always putting. He puts out some stuff that I don't usually see. The two people that put out the most stuff that are very interesting is obviously Crypto Eddie. She's phenomenal at finding stuff, but also Wrath of Comedy. I don't know where he digs this stuff up. I never hear about it anywhere else. It's like. So I'll look at what he's up to. He said Spark Via in Malta launched an AI powered writing suite that just happens to use the xrpl. What it does is it creates copy with the pay as you go sort of credit system powered by xrp. So by building directly on the xrpl, Spark Via AI provides frictionless payments, auditable billing and it eliminates hidden fees. This is. I mean we haven't heard of this anywhere else.
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How did he find. I'm looking it up right now. Spark via to launch Spark Token on the XRP ledger.
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Yeah. Located up there on Malta there. So maybe if you got the screen up there, maybe you can throw it up there, Jeff.
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But I can't find it.
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Can't find it. Spark via. Spark via via AI writing tools. Let's see does he put in there now you get 100 free credits. Oh, here it is right here. Let's see. This is, this is the press release on it.
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I'm finding press releases but I'm not finding a actual website. Arcvia AI.
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There it is.
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I've been searching. Nothing.
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Sparkvia AI. Well, what do you know? There's so many new extensions these days. The top level domains Content on AutoPilot. Spark via AI writing tools create blogs, ad copy email social media posts images in seconds. Register get free 100 Spark credits right there. So you can start.
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How would you choose them? Over chat GPT. No need for prompts. You get the best possible output.
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Yeah. It says use our models to generate content from history, tech, science, politics. Lots more by getting started today are copywriting tools so you can buy the writer's block create AI in seconds. It's probably mostly for creating. It might be. It's probably tailored a little bit more for like long form articles, blog type posts.
A
That's what it looks like. Yeah.
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So you know sales type emails. A sales email like that. Dude, holy cow. It would be deleted instantly if what it says like sales emails and the sale email was like this long. I'll be like, no, it's like hello, gotta grab. That's what it says. I was like that. Well, it's Lorem Ipsum. It's. It's Greek and so it's not really. But it's just talks. But again they're models. If you look at what they're trying to achieve here, you know it's mostly writing based stuff so it's a little bit more drilled in and CEO optimized.
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And things like that.
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Yeah, it's. It's custom, you know, it's.
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Yeah.
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So Spark Via you don't need a lot of prompts. You just get the best possible output from the AI. So you know, people aren't good at crafting prompts that might be part of it. Web3 blockchain integration. Dedicated tools for blogs, ads, emails. I'd give this, I'm gonna give this a try for sure. Yeah, I'm definitely gonna register high quality structured output. Receive every time. That's the other thing. When you go to chat gbt, what you get back, you got to do tons of iterations, tons of like needling and writing. And it sounds to me like again what they're doing on the back end too and customizing it for a very specific use case. You're going to do SEO copy. If you're going to do a sales type email, they have a lot going on in the background. That eliminates you having that ability to do the actual prompt. Where in chatgpt you need prompts, you know, there's a low quality of output if you don't give it the right prompt. Hello, we know, we talked about that. No blockchain integration, no specific ad creation tools generate responses based on user prompts and it only generates content using user provided structure. So they're, they're customizing a lot of stuff in the back end, taking that friction out of the, out of the way, which I really like.
A
So you do need a prompt field, fill the prompt field to generate content.
B
No, it is. But you don't have to do in ChatGPT if you don't put a monster prompt in there, you're probably not going to get anything. Sees right here users model like ada, bab past or for structured copywriting again you're going to get a better output. Not to say you couldn't do a chat GPT, it's just that this is very customized. So yeah, so there you go. You know, if you see like right there, it's like fill a prompt version, brand name, what do you provide Number of words for each service. So really customized stuff. Business owners, e commerce stores, marketing teams. So there you go.
A
Writing style language. This is pretty interesting.
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New users receive 100 free Spark credits upon sign up. Once your free credits are exhausted, you can purchase additional with xrp. After Spark tokens launch on XRP ledger, all credit purchases will be made using Spark tokens. So it's only going to use XRP for a short time. Then you'll have to, you know, probably buy, you know, do a convert on the decks and then end up with the Spark tokens.
A
Painful.
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Interesting.
A
Yeah, this is really cool.
B
It's cool to see other stuff being, you know, built there. But again, something very Specific and customized, you know, you know, so very, very cool. It's good to see this kind of stuff people thinking. And thanks shout out to wrath of common of course for doing that. You also teased this one, Jeff. Gummy. Goomy. I don't know if it's goomy. Rhymes with goonies. Goomy. Goomy.
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Gummy look like Japanese yens.
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Yeah. So they're going to spend 2.5 billion, which is $17 million u. S. It sounds like great. Like, dude, I'll give you 2.5 billion. Okay. That sounds awesome. It's only 17 million U. S and XRP along with his Bitcoin holdings between September 25th and February 26th over that couple month period. And moon chaser says strong signal confidence, the XRPL system. They even mentioned the SBI effect, obviously. SBI an investor in Ripple, the decentralized company, not to be confused with the decentralized asset called XRP or the xrpl. So I thought that was actually pretty good. So there's. She put the translation of the. Of the press release right here. There it is.
A
Interesting.
B
Auto translated by Grock Wow. So there you go. There you go.
A
That was a pretty long thing. And then the translation is like one sentence.
B
How do you like that, Jeff? While the world. That's true.
A
Wow. The world. Gummy.
B
What that means gummy.
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Gummy.
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I think a gummy bear is the first thing I think of when I see gummy. Gummy. Japanese gummies. And then of course, wrath came in behind it too. He said the gummy is a Japanese mobile gaming company that's diversified in the blockchain. Well, everyone's converting their treasuries. You know, Michael Saylor is the godfather of the. Of that whole movement of putting your treasury. He's taken it to the point of where at some point it will just be that his company will just become a. A holding company or it won't even. It won't even do anything. It'll just be one giant treasury. So it's kind of gone to that. So that's what he commented on it as well. So I thought that was pretty cool.
A
So the word gummy is pretty interesting. The traditional Japanese usage of gummy refers to a cohesive unit of people working together.
B
I like that.
A
But then you have here, within the yakuza, the term is commonly found in the names of the yakuza, the Japanese mafia organization such as the Yamaguchi Gummy, where gummy signifies their structure as a criminal group. It can also refer to a labor unit or construction Team as seen in the origins of the Yamaguchi Gummy. And then it kind of gets into kind of the indicator of all of that.
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It's kind of like when I think of NFL football, like the Bill's mafia. Right. Mafia can be a bad thing, but it could also be a group of people, you know, fan base. So it kind of feels like has a similar type of a meeting where you could be. It could mean criminal activity but could also mean, you know, people. A group of people working together. Yeah, right.
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And that's kind of like the PayPal mafia.
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Yeah, PayPal mafia. There you go.
A
But essentially it means group. Gummy means group crew or organization.
B
So meditation says Sailor buying bitcoin basically proves that his company is useless without it. Well, he did change his name. He wanted to change the bitcoin all the time but they didn't allow that. The board said no to that. What is his new, what's the new name of the company? What was it? What did he do? He dropped the. It's his strategy now.
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It used to be micro. Micro strategy, which was very computer.
B
It's confusing though when you say microstrategy but you say strategy, it's just common word. You almost go, yeah, you said microstrategy and no, it's a company. But if you say strategy, like, oh, that's strategy. You know the company, Michael Saylor's company. That's why I think most people still refer to it as MicroStrategy.
A
So it's now Strategy Inc. It actually changed its name August 11th of this year.
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SRP Plumbing says. I don't know fellas. I feel like Michael Sailor's company is going to turn into FTX sooner or later. I don't know. I mean if it took a massive dive, it would just, it would crush the company. But they already said, he's already admitted they had to have to do a mass sell off. Yeah, you know, they're not going to, they're not going to take the company down. But in, you know, and the dollar cost average, they bought in at different price points. So if you take all that and. But I think bitcoin, I heard John Deaton the other day say he was thinking in one of his posts saying he's going to go to 200,000. And you know, if you said 200,000 maybe two years ago, people like, come on man, there's just no way. There's no way. You ever see that guy on, on, on a. And on. He always like, no way. And then he like finds something does someone figure out how to do and he doesn't, he's like, no way. Because it's always something. You're like this easy way to do this.
A
So here you go, here's strategy, right? We go back in, in history here five years. Let's go back to September of 2020, shares sitting at 14. Now it's 334. If we go to the base here, February of 2024 sitting at 50 bucks. So a year ago we're sitting at $50. Now we've hit, you know, a nice high over the past five years. A 2100% increase. That's not a bad return even.
B
No, that's a very good return.
A
Low and high, 113 with a high of $542. So I think strategy, definitely stacking up the strategy. And if the valuation is in Bitcoin, you know, it's not too much of a departure from an ETF almost. You know, you're basically investing in what they're investing in and they actually still produce something, still a company being run. Question is, what happens if they do take out the, the base.
B
So there was a lot of, I saw a lot of dust up about Chain Link working with the, the Commerce to publish on the blockchain. Everyone's like, oh, they chose, you know, there's, for some reason there's like a competition between Chain Link. First of all, Chain Link isn't a blockchain number one, it's an API. So people trying to compare Chain Link to xrp, look, they can work in concert together. It's not necessarily one or the other. But look, I mean, and I mean, what do you, you're like creating an imaginary fight, picking an opponent and then going after an opponent. But so all the Chain Link people were like, you see, they chose the Chain Link to work with the. Okay, well whatever, you know, but here's the thing. So vet big community dude, he goes, well, I just published The Commerce government, U.S. gross Domestic Product, second quarter data, XRP ledger directly. It's like, it's not a, it's not like you can't, anybody can't do it. Vet's like, I just did it, you know, in a few seconds and fractions of a penny in fees. I stored the data on the XRP ledger twice. I stored it in the SHA256/ of the report, like a memo, as they did on Bitcoin, similar thing to Bitcoin. But I also stored the hash and a PDF link in an NFT. So he put it up there two different ways. He used SHA256 hash. Put it like a memo. It's like a common thing you do with Bitcoin. But then he also took the hash plus the PDF link. So if you're looking on the blockchain and you can actually see it, he stored it in an NFT. This is great, man. All native L1 features without contracts. None of them are needed. Now there it is right there. You can see there's. There's. If you, you know, go there, you can look it up. He posted it right there. There's the source, there's the destination cost point zero zero zero zero zero one XRP to do it. That's what it cost or I'm sorry, that was the delivered amount. The ledger fee was 0.000012 racket of a penny to do that. And then over here you have that. There's the PDF link and there. And as an end of, he posted it as an nft. Clever. Clever. That vet is. He's like, big deal. I just did it in three seconds. Who cares?
A
That's it.
B
Who cares? Who really cares?
A
Liking it?
B
Yeah. And then there's some other news too. Mayuka posted this right here. Congrats to. To Gregory, to Snipnik, and also to a Dennis Angel. He's. He works over there. XRP Labs amendments were. Were. Are being activated the 29th. Actually, they were activated yesterday, but based on the consensus for the XRP ledger and the nodes, they went ahead and did it. So they're activated on the mainnet. All ripple nodes that are running 2.4 and above are amended blocks. So upgrade now. So if you don't. If you're not running, Mookie says. Mookie says paychan. Sounds cute. We need more of that. Anything with the word pay in it is good.
A
PayPal.
B
PayPal.
A
Pay me.
B
Yeah. And on to the. Onto some flare news here.
A
Flair. Let's get some rants going on the flare. Flair's baby. Flare's making some big moves.
B
Flair's great. We gotta get huge. We gotta get Hugo on this program.
A
Dude, we gotta get Hugo on. You know, we'll. We'll reach out to Hugo. Hugo would be, you know, a huge get. Flair. Probably making some of the biggest advancements in the space utilizing cross chain and, you know, really mixing things up. I really like what he's doing over there. I want to see some full utility, you know, see some adoption. But the guy's making some waves.
B
Yeah, I think Flair, I mean, look man, everyone's like watching it sit, you know, hover on one and two cents. But I'm telling you man, when it's, when it starts blowing past 50 cents and a dollar and a buck 50, then you're going to hear people oh, I think you heard, you mentioned flair at one point. And then they'll start, they won't start buying in until It's a buck 50, a buck $82. I mean a lot of my friends bought in around a dollar 75 when it first hit a buck 75. Not talking about the all time high, I'm talking on the next go round. But they weren't interested in buying it when it was on sale for 17 cents for 11 cents. Remember some, remember there's some Flash crashes and it went down to 11 cents and a lot of people bought the dip. Imagine buying 10 for a dollar almost of XRP. Silly. It's silly. So flare two things got some. Also Hugo was on Paul Baron network and he's talking about something very specific we'll get to as well. But Flareland's a second public company for its XRP Defi framework combined with Firelight. Because we announced Firelight recently. In this video clip he's going to be talking about Firelight but Flare is re staking layer which is called Firelight. The setup lets companies convert XRP into F XRP and allocate it across decentralized lending staking liquidity pools. You know, here it is right here. So Everything Blockchain. It's called Everything Blockchain. What a great name. Jeff. Everything Blockchain.
A
Everything these guys have done is even their logo is pretty solid. What do you think?
B
Love it. I love everything about flare, man. I'm telling you, it's a great. People have said that. You remember when they, when he did Songbird, I said this is brilliant. This is when I. This is when the level of respect went up for Hugo and the team and his co founder and what they're doing because right. A lot of times, too many times people launch something too hastily. They launch it, they don't fully test it, they don't stress test it enough. It's hard to stress test, man. You can think of all the ways you could stress test something. The only way to do is put it out in the real world. So by releasing the song Bird Token and allowing people to try to break things. What was that song? Break Things. What was that one band from the early 2000s, it was a break break things or break stuff tonight or whatever it was Flare system aims to transform XRP into a productive asset for institutions. There it is, Jeff. Institutions assets Firelight Restaking layer. The adoption by two public companies now including Vivo Power. Another big thing, International signals. Vivo Power International signals a shift on how digital assets like XRP are utilized by institutions. So this is great, this institutional stuff but also you've got, you know, it's not all just institution but I want to put this Hugo video up here. This is Hugo.
A
While you're pulling that up, look at this Korea blockchain. So I'm just looking at some of the places where flair is going to be. Flair is going to be at the Korea Blockchain next September 25th of 2025. They've got an active September, October, November. They're going to be around the world. Seoul, Singapore, Buenos Aires. That'll be exciting.
B
What about moves? Are they going to be at Swell? No, they're not going to be@Swells November 2nd and 3rd.
A
According to this. He's gonna be everywhere but.
B
Weird.
A
Okay, maybe they might have a presence there. I don't know.
B
Well, I mean Flyers its own really its own thing. I mean it's just that they've reached out to the XRP community. It's really. They don't really have any time other than that.
A
Right, exactly.
B
Here is Hugo and Paul Baron. Tell me if you know who Paul Barron's doppelganger is. If you guys can mention who.
A
Let's see.
B
We've played it here a few times before but I didn't know the. Paul was in. In Miami, Jeff. And we've never hung out with him or met him.
A
It's really annoyed. It's crazy how many people are in Miami.
B
If he's. I'll run into him if he's up at. Because I'd like to get him on the show too. He's doing.
A
Yeah, he'd be good too with him and you.
B
But if he's up at Swell too, I'll say hi to him. But here we go. This is Hugo, I'm with Paul Baron.
A
He'll have great opera, you know, benefits, but not necessarily as much carrying as much risk. So I liked what you're saying.
C
We wanted to be very careful here with Firelight with the whole concept of staking xrp. I've seen a lot of the products out there and they're very market based. They're very much about, okay, I go to I, someone puts their XRP in and then you get some traders who are running the vault who go and effectively put positions on, on centralized exchanges, whether they have negotiated with that centralized exchange to hold those assets off the balance sheet of the centralized exchange. Because if you're big enough you can do that. You can effectively be insured against a bankruptcy of that centralized exchange. That's how many of the large players in the industry reduce their risk. But I don't think the major vaults in this space, especially XRP vaults, are doing that. And I also think fundamentally it's important that people understand the risk they're taking. And I think that the vault structure needs to be very clear what this, I guess you might call it staked XRP is being used for. I wouldn't really call the existing XRP staking sort of similar to staking because it's a totally different risk category. What we wanted to do with Firelight was do something that was really as close to staking in the conventional sense as possible.
A
I'm looking at the diagram here. Bringing it across from XRP into an F asset obviously goes into FXRP, into Firelight. Now we have staked xrp. What about the Dex's lending protocols? Even yield markets? Are those going to be out there?
C
That's the interesting thing. So those exist already on flare. Once you put your FXRP into Firelight, you receive the stake to XRP, not Firelight. That's absolutely critical. Right? So then you've got your XRP and Firelight earning a return. You then have this staked XRP which is a liquid representation of your stake. It has value which should be almost identical to the XRP that you have put in because the risk of staking Firelight is low. And then you can then use it on a Dex or in a lending protocol. So let's say you wish to derive further yield from your xrp. You have staked it in Firelight, you now have staked xrp. You can now take it to a lending protocol and borrow dollars against it. It can then lend those dollars out and for a yield. So that allows you to transform your XRP from a non yielding asset to an asset that derives yield from at least two sources. And that's kind of the concept behind why we wanted to liquid staking protocol that then lets you do more with your xrp.
A
That's fantastic because I think that is. Well first of all gives you a lot of flexibility with your XRP and I think really starts to kind of ramp up the opportunities you have in terms of getting more yield.
B
Go, you move. I wanted to hear that last thing but somebody cut it off and then.
A
It Gets cut off.
B
I nicked that from somewhere. But anyway, it's a long interview, so you watch the whole thing. But again, it's very cool. Some enlightening stuff there. But, Jeff, it is the top halfway through the hour. You know what that means.
A
Bottom of the hour. You know what that means?
B
We know what that means.
A
I'm pretty sure I know what that means. How many yetis do we have in the. In the hopper? Not many.
B
Four, man. We only have four people that have typed in y etis.
A
Everyone type in yeti. Well, now, everybody take a minute. Everybody take a minute and type in Y e, t, I. And off you.
B
Therehere we go. Six coming in. They're coming.
A
Start typing in Y e t, I.
B
We need to have it if you want. Now, if you don't want to win a badass yet, if you don't want to win a badass yeti nft. And if you don't have a zaman wallet, especially if you don't have a zombie, well, do not. There we go. We're up to 10. Just like that. Sometimes remind people. But go ahead and roll this one again. It's another departure. We got another. This is another first on the chain. This style of music first. Let's see who can grab this style of music and pump it in there first. After this starts going, we'll see who gets it. Who's gonna grab the style of music here? Let's see what you guys have to say. But it's never been done before here on the chain. Let's see what you guys think of this. It's another banger coming. Coming in strong from Jeff.
A
Coming in hot.
B
Coming in hot, baby. Top Roll it, baby, roll it.
A
Number one in the US Market.
B
Let it rip.
A
There's a gold album.
D
Clap your hands off your feet let the rhythm ignite we're live on the chain on a swinging night. Are you ready? You said it. Then win yourself a.
B
Word of the day.
D
YTI cool as ice but the horn swing high snap that wallet click that chain when the drop hits hot you'll remember the name Spirit walker strut the tribes in style Step in the ring with a swinging smile Names have sharp like brass when the band kicks in, you won't sit on your stand up don't sit down badass yet just roll in your town Spirit walker swing real hard have us the ace your battle card chips Rant riffing Jeff drops the beat. Viewers in the house. Keep it slick. Elite obsidian bolt on the IV drip that black rose swing Take a mighty Sip Legends don't fade when the night gets laid Claim your yeti don't hesitate on the chain the band will rain badass yet it's running this game Feeling that badassery get in the groove the band's on fire Let the spirit walkers move we don't rig, we don't prop ain't no YouTube f with that weak ass D so clap your hands don't you pray it come step right up and grab your badass yeti.
B
Come the.
D
Chain Claim yours or be he forgotten it's on the chain.
B
Damn. Jeff, what do you think of that swing, baby? Swing, Swing.
A
There you go. I think one, one got it. There you go. In the.
B
No, a bunch of them got it. Think it was the first.
A
Oh, right there. Cherry Popping Daddies in the format of. Similar to. But you got swing. Yes.
B
Yeah, that was some good stuff. But my favorite of that era was Royal Crown Review and the Squirrel Nut Zippers. So, yeah, when the swing had a little bit of a revival back in the late 90s, bands like, you know, Big Bad Voodoo Daddy.
A
Oh, another one. Yes.
B
Remember Big Bad Voodoo Daddy, Railroad Review, Squirrel Nut Zippers, Cherry Popping Daddies. To me, if I put them at ranked them, I'd put Royal Crown Review, maybe Squirrel, and then maybe Big Bad Voodoo Dally, then Squirrel Nippers and then Cherry Popping Daddy. All right, I put Daddies right on the bottom.
A
Yes.
B
Do you want the best? You go look at the live album for the Cherry Pop or the. For the Royal Crown Review. Best live album of the 90s, man. Phenomenal phenomen.
A
That's right.
B
Okay, so what else we got, Handy Andy? Check this out. Jeff. This looks really cool. I think a lot of people will.
A
Want to like this. There you go. That was another good one.
B
There you go. There you go. Here we go. Handy Andy says next week our little ledger devices will be available for purchase at xmerch App Compact powerful devices notify you of on chain activity via audio, visual and haptic. Haptic. As you know, it vibrates. Supported by an open source SDK that can be customized for account transactions, server monitoring, tracking XRP or, you know, Ripple USD price action. Seamlessly fusing the Internet with the things of Internet of value to enhance visibility of blockchain. Any questions, drop them below. And this is what the device looks like now. I'll show you. Yeah, so there's a keychain. So there it is. I mean, a little bit probably bigger. It's about that big.
A
What's on it?
B
There's no audio on this. But I'll just show this to you. But you can see the screen. It has the feedback so you can program it to give you, you know, if you wanted to program it on price or you are monitoring. Monitoring something. You can program it but there's a little screen on it and you can have it monitor it probably has it on a thing where you wear around your neck. But it's cool man. It's like a portable device that you.
A
Know or, or I'll just do something on my phone that, that too.
B
But this is, you know, it's just. This has a very specific, you know, use case. Use case. So there you go. There you have it.
A
What else are we going to do with it?
B
I don't know.
A
You know, I think it's just. It's a cool giveaway. I don't know if people are going to run out and buy them. Well, I think it's a cool concept but it's like a really cool giveaway. I don't think people need more items per se. Everyone's trying to invent solutions without problems. There's no problem that that solves. But it's. But it's a cool item. You know it's just on the XRP likes to be a little bigger desktop style. I don't really need on my keychain. It's fun. That's why it'd be a really cool. If you're at a trade show it'd be a real cool giveaway, you know or a prize. Something fun like that. That'd be nice to be able to track.
B
Cool. If you want. Colin says looks cool if you want everyone to know but also too if you want. Sir, if you want to monitor server activity on the XRPL or transactions on the xrpl, that's where. That's where the usability and the utility comes in. Where it's not easy to go open a program and track that. Where if you want to oh beep or something happened. You gotta. You got an announcement that something happened. A transaction went through Brian Setzer too. He did his orchestra thing. That's right. That's a good. Other good point.
A
Yes.
B
Hilarious. Colin. I'm a crypto trader. Hi, I'm a crypto trader. I got it around my neck. Hello.
A
That's right. I wear it right here. Come and get.
B
Hello. Who's also going to be. Him and his brother from Easy A are also going to be over there as well. He was just saying like he was basically saying another part of the thesis. You you must be able to borrow against a store of value coin. In other words, it must be usable as collateral for loans, otherwise it will need to be sold. And why is that a problem? Because the whole point of the store of value is you should never sell it. After all, it's going up, right? So it's a good point. He raises and he says, well, how does it work? So, first of all, you would buy $10,000 at the store of value coin. One year later, it hits 1 million. Okay, so I'm feeling great. I want to go ahead and buy a house for my family. Now, normally you'd need to sell and use the gains to buy the house, right? But if the store value coin can be used as collateral, then you can just get a loan against it, and then you never need to sell. And you repeat the cycle up and up and up, so you keep it. And that will happen with crypto loans. And the whole idea is using that as collateral to take loans out against. You know, when bitcoin hits a million, you're not selling a million dollars. You just take a loan out for, you know, 500,000 or 600,000 or 700,000 against that coin. Now, it doesn't flash crash. That's a whole different story. But. Right, and you might get liquidated, but I don't think it'll be liquidation. I think at some point you'll have to. You'll have to pay up. You know, you have to come out of pocket for it.
A
Well, you're supposed to. You're supposed to be able to top it up. But remember, some of the issues that have happened with similar platforms over the years because of the flash crashes, people shouldn't have been borrowing against their crypto because it's too early days. There are too many, you know, flash crashes. There were. There were no protectors in place. They say there were protection mechanisms, but they weren't. They're like, oh, sorry, you got closed out, and we are closed for the night. So by the time we responded, you were already, you know, out of your position. And we said we liquidated you, but we're like, yeah, but we're trying to get in touch with you. And you weren't responding. So how is that? Just like in the early years with Coin, but every crypto platform and exchange went through, you know, issues when there was a massive bear cycle and everyone was trying to buy or sell, and all of a sudden the. The platforms went down. You know, every single one of them went through that. And so it's really, you Know, a kind of a dynamic situation where we're building out kind of legacy style investment platforms using legacy financial, you know, term and, and concept and product. But yet the market for crypto is still relatively immature and it's almost, you know, in, in many cases it still, it has a lot of resemblance to penny markets, you know, because you have these massive, you know, movements. I think we've gotten over a lot of that now. But we see with Bitcoin where, you know, I mean imagine you would have flat, you would have borrowed against your bitcoin when it was at 126000 and then it went down to, you know, 110. Now what are you getting closed out of your position or are you topping up? And what's the protective mechanism for you to top up and then where's the top up coming from? You know, when, what period of time do you have to respond and react to it? So I think some of the new product and platforms that are going to allow for this, which I think is going to be critical. You know, we should be able to, you know, leverage and borrow against. But there has to be a protective mechanism. You know, this is what crashed. Well, one of the things that crashed Celsius is they had a lot of those positions out there.
B
Or you could set a limit, you could set something on there just like you do when you're buying and you know, you're trading. You can set some, something where it automatically rolls over money from a set account or a wallet or something like that. But you're right, they can't really.
A
Yeah.
B
So I was looking at this spiker, Spiker hand said, don't worry friends. I can hear you sound Canadian. I don't know if you're talking about us, we're definitely not Canadian. Right. Yeah.
A
Store value.
B
And then we've got. I can, I can tell you sound Canadian. No, you don't. You might not be familiar with. No. He says, and then he said the USA steals our crime ideas.
A
He was talking about a lot of different things. That his country was the host of a lot of the crime syndicates over the years.
B
Oh, the country was ahead of the USA with the state crime. We deployed our X numbers, gang, 26 bosses, ministers. Yeah, that's.
A
I don't know what country he's in.
B
But what I thought he's in Canada.
A
No, no, I don't think so. No, I don't think it's much crime, criminal. I have no idea where he is. Is he in Canada?
B
I don't know.
A
Canada host all the crime bosses or is it in a different country? Like, oh, no, I mean, different continent.
B
Not sure. I was seeing some of that stuff. Did I. Did I donate my hair to the next generation yetis? No, I did not. I did not.
A
I did not say South Africa. Yeah, South Africa's problem.
B
South Africa. All right. On. Yeah, well, South Africa. You guys got your own problems down there.
A
A lot of issues down in South Africa.
B
Jeez.
A
Oh, man, what a, What a show.
B
You think that's turned into. Yeah, hang on, Jeff, I gotta go off camera for a second.
A
Off camera. Alberta wants to go independent. It would be good. I want to see some of those regions of Canada going independent or, you know, joining up with the US that would be good. Especially the ones that are freedom loving. Really have that passion, you know, to, you know, split away from what's going on in Canada. Canada's a little bit lopsided. I'm trying to figure out what happens in the long term with Canada when population center was around 30 million and if you keep bringing it illegal immigration or they keep bringing in immigration from countries that don't really care about Canada, you get. You end up with a complete imbalance in, in Canada. You know, how do they recover from a financial perspective, if they're just going to keep, you know, filling. Filling population centers, then.
B
Right.
A
It's no longer going to be representative of Canada. It's a. Canada is probably one of the easiest countries to flip. You know, if you wanted to see a complete departure from what Canada was. And then you might have some regions, you know, maybe like Winnipeg or. Yeah. Manitoba region. You know, it'd be, it'd be. You know, I think that could be a good thing. Right. We get. Let them depart from Canada and join up with, with the U.S. there you go.
B
We're second buying fraud. Yeah. I don't know if you want. Well, it's great if you want to be, uh, if you want to be.
A
That's what you want to be known for.
B
That's what you want to be known for. I mean, there's frauds everywhere, man. It's probably bigger in the, in the larger, in the larger countries. So this is, this is the news item that broke on the whole tariff thing, which is everyone knows it's going to be overturned, but, you know, go ahead and try to slow them down. This is what the left does. The left is really out of ideas in Panicville these days.
E
Just moments ago, actually, a federal appeals.
F
Court ruled most of President Trump's terror tariffs are illegal.
B
The court is saying the president exceeded.
E
His authority in imposing those levies. There's a catch though in this ruling.
B
Correspondent David Smont has details tonight breaking just minutes ago.
A
Good evening, David.
G
Brett, good evening. The catch is that the tariffs can stay in Place until October 14th. That's when the mandate from the circuit court the Federal Circuit court let me.
B
Translate what that said. That's going to remain in place because the Supreme Court's going to rule on it and they're going to get bounced and they don't want to be somebody that stopped it because they would be.
G
Yeah that's court appeals decision actually kicks in. This was a 127 page decision that just came down within the last 127 page decision.
B
Just wasted time at this point.
G
30 minutes we're reading. It finds that most of the president's tariffs are unconstitutional. This was published to the public docket as I said within the last few minutes. Now the panel found that the tariffs on nearly every country were were not authorized Brett by the International Emergency Economic Powers act and therefore are illegal. The court writing today unanimously the statute bestows significant authority on the president to undertake a number of actions in response to a declared national emergency. But none of these actions explicitly include the power to impose tariffs duties or the like or the power to tax. Now arguments were recently held in Washington D.C. the this gives the administration the.
B
Green light to or attacks who citizens.
A
Or other countries it says doesn't explicitly but it doesn't not say it Supreme.
G
Court to happen very soon. We've not yet heard from the White House but we are expecting something.
B
Oh don't worry. They chimed in. So yeah don't worry. Trump chimed in as well as well as Attorney General Pam Bondi. So here we go. Here we go. Show this Pam Bondi said president United States Trump found there was a national emergency took action under law by imposing tariffs the judges on the federal circuit are interfering with the president's vital and constitutional essential role and foreign policy decisions wrong undermines the US on the world stage. Justice Department will appeal decision and continue to fight to restore the president's lawful authority. Trump chimed in and said all tariffs are still in effect. Today a highly partisan appeals court incorrectly said that our terrorists should be removed but they know the United States of America will win in the end. If these terrorists ever went away it would be a total disaster for the country. It would make us financially weak and we'd and we have to be strong. The US is no longer will tolerate enormous trade deficits and unfair tariffs and non tariff trade barriers imposed by other countries friend or foe that undermines the manufacturers, farmers and other everyone else. And if it allowed a stand the decision would literally destroy the United States of America. Stardust Labor Day weekend We should all remember the terrorists are the best tool to help our workers and support companies that produce great made in America products. For many years tariffs were allowed to be used against us by our uncaring and unwise politicians. Now with the help of U S Supreme Court we will use them to benefit our nation and make America rich, strong and powerful again. Thank you for your attention to this matter. Matter. What are your thoughts on that? Joe?
A
I like it.
B
I love it.
A
Thank you for your attention.
B
I always says thank your attention on this matter. This is the new Trump 2.0 terminology. And then he posted this up up on truth as well. That's where it came from. But I also posted the other one. Mark Levin, who's fantastic, wrote the Appellate Court majority tariff decision is wrong. Appellate Court decision that ruled against most of the President's tariffs have it wrong. Whether you like tariffs or not, the act at issue does in fact grant the President broad powers to declare an emergency. Even more, the constitution under Article 2 grants the president broad powers to make foreign policy. The President's lawyers are obviously aware of this, which is why the executive orders at issue rely in part on serious foreign policy considerations, including as an example, Mexico, Canada and China, which the President has determined are doing enough to prevent the flow deadly drugs in our country. Combination of broad Authority and Article 2 powers trump the issues raised by the Court's majority. Moreover, judges should not be the final decision makers about such matters as they are exercising authority that was never delegated to them and they should not substitute their own policy preferences for the President's. The check here is Congress, that is it wishes to amend the law or pass new law curbing the President's power here. That said, Congress does have boundless power and it could run into separation of powers issues. Given Article 2 and the President's foreign policy authority, the Supreme Court will once again rule on this. In the past, Justices Thomas Gorsuch and Kavanaugh noted the broad authority of the President. In circumstances similar to this, I expect Justice Alito would concur. In other words, Supreme Court will overturn this highly partisan the good news. What I'm really liking about this is after the midterms when the when the left gets crushed, what I like is the fact that these guys are like waving their hands like hey, I'm a partisan. A Hole over here. What I want you to do is take me out. And what they will, what Congress can do, is go ahead and pass stuff and impeach every one of these judges and get them out of there. Gone. They're all going to get pulled after the midterms. But I like that they're telling us who they are. It's not a mystery. We're not wondering. We're not wondering who they are, Jeff. We know exactly who they are. And I love this. I love the sound of that. J.D. vance. This is funny. Look at this. This is J.D. vance. J.D. vance was. His motorcade was going by and the protesters were all excited. They're waiting out there on the side of the road with their signs. And then he pulled a maneuver. He drove around them to the other side of the other side of the road, one behind it. This is funny. Watching the protesters trying to run to go catch the motorcade. Look at this. You see him coming down over here in the top here. And then they turn, they're running over there with their fl.
A
Oh, my God.
B
They're all running over there with their protest. The funniest thing I've seen a long time. He's already gone. They were all excited. That's why they come in. They diverted. Look at that. They're all mad, dude. They get. They didn't get the high. They didn't get the shout out. Look at this one. There you go. All 20 people. Oh, look at us. Freedom is freedom, not fascism.
A
Rise. Those two made it up the hill.
B
Do you think they even understand? Do you think they think they even know what fascism is? My God, Jeff, this is a little bit, A little bit uncanny.
A
The Union Jack flying from every lamppost. We have, George Cross getting.
B
Oh, I know. I love it, man.
A
Every roundabout. That's great.
B
I don't know if you saw the video we played the other day. If you want the local council to remove anything like your. Your garbage, you know, your. Your refuge, whatever, you just go ahead and paint the St. George flag on it. They come and pick it up in three seconds. Anything you want to dump. Yeah, that is very true. That is very true.
A
Spiker is saying. I don't know what they're kind of going talking about here was that climate is not BS but hijacked for renewable fraud, which, yeah, climate's always changing. We just don't have control over it. But plastic in the sea will definitely kill you faster than CO2. CO2 is coming from the ground up, you know, and it's, you know, coming from the earth. But yet plastic in the sea is definitely an issue. Microplastics in our water, you know, is. Is definitely problematic.
B
Yeah, exactly.
A
Don't you think?
B
You got some stuff coming up on our YouTube. This guy's talking about the fake. More the, the faked outrage that happens on the left.
A
No, you. Ukrainian flags in England get rid of their.
B
Well, also I saw another report too that I think there's something like 14 schools where the British children, like British born children. White kids are 2%. They're virtually like minorities. Imagine 98. Look, man, I mean every other culture has a way to preserve itself. You know, you're not going to be busting into Japan or China anytime soon and taking over the population. Ain't happening.
A
They're trying. They're trying in Japan.
B
Well, they are trying in Japan. They absolutely are trying, but it ain't gonna. They're not gonna put up with that garbage.
A
No.
B
Look at this guy talking about the outrage. This is the outrage on the left, Jeff.
H
Did a bunch of nobody back when Trump got elected, a bunch of nobody swore they were going to become celibate and move out of the country. What happened to that? Speaking of what happened to burning Teslas and protesting ice? What happened to Iran, Ukraine? No. King's Day. And pray for la? What about the salaries of the WNBA teams and the Nazi jeans? You were all outraged by these things until the algorithm changed. It would seem as soon as they cycled out of the news, they cycled out of your mind. Because in reality you don't care anymore about this so called social justice than you do 100 men fighting a gorilla or undesirable picking bears. You only pretend to stand for causes because they're trending topics. All this performative activism has become a hobby to help losers forget that they're losers like fantasy football. But shouting Black lives matter won't change the fact that your life doesn't. If you truly wanted to make a difference, you would focus on becoming. Becoming the best version of yourself. But I get it. That requires hard work and there's no hashtags for that.
A
Is that guy real or is he AI Fantastic. Is that guy real or is he AI?
B
I think he's real. I don't know. It doesn't matter if he is real or not. The message is so on point right there.
A
Yeah, 100 on point. And it's, you know, that's the, the problem with the left, right? They don't. They have no real mental acuity, you know, and so they're. They're so easily swayed. The libertarians, probably even more so. Like, Libertarians, I think, have less brain power than the Democrats. You know, there's just something. They're. They're Democrats, but they think they're not, which is even worse. Like, they're like, no, we're libertarian, you know, we're better and we're. You're actually worse. They just don't get it. I don't, I don't know where. They can't connect the dots in this Libertarian mindset. It's, it's. They're so distraught and kind of dangerous in, in how they think, which is, you know, it's really bizarre. At least a Democrat comes out and acknowledges. But then, you know, it's like, you know, mental acrobatics, you know, when they have to actually think through things.
B
Don't think through things. That's the whole point. Jeff, the year 1913, what comes up for you? When I say the word, the year 1913, what comes up for you?
A
What comes up for me? Yeah, what do you mean?
B
What. What do you think about when I mentioned the year 1913? What do you. What comes. Anything come to mind?
A
1913?
B
Yeah. Federal Reserve.
A
Federal Reserve.
B
IRS.
A
Yeah. I don't know. I was trying to think of the Fed. Oh, I sworn Fed. I was trying to think. I get caught up in war. When I think about things more in terms of wars, like when was the kind of the beginning phases of World War I, what was this guy does.
B
A whole rant on? 1913. It's a good one, too. There's a lot more stuff going on around that year than I. Than you probably realize.
E
No, that 1913 was the year we actually lost control of our country.
B
Right.
E
Oh, and just for historical context, World War I started right. In 1914. I mean, look, I'm sure that was a coincidence, but let me just tell you all the things that were created in 1913. First, the federal Reserve, which is neither federal nor has any reserves. It's basically a private bank that just controls all of our money. Second thing created in 1913 was the IRS. And I'm sure it's just a coincidence that it was created the exact same year that a private bank took over all of our money. Yeah, I'm sure it's a coincidence that that was the year.
B
What about the fact that we used tariffs to fund the government before the Federal Reserve was founded and then.
A
Right.
B
The tariffs went away. But don't forget, the IRS was only going to tax the rich people because they could afford it. Jeff, was only going to be for the rich and the little people, they didn't have to worry about paying taxes here.
E
They started taxing you like you work, they print and then you pay them back with interest. Yeah, that makes sense. The next thing created was the Rockefeller Foundation. Yeah, and let's be real, that was all about philanthropy. It's not like they took control of medicine, education, science, and basically the health of the world. I mean, let's be real, all they were doing was donating money. Yeah, it's not like they were buying control of everything. Oh, and that worked out so well. Right, because people are healthier and more self sufficient than ever. Right. Oh yeah. Also in 1913 was the American Cancer Society. I mean, that sounds like a good thing, right? That can't possibly be bad. Except it was completely funded by extremely wealthy people. But even though it was a charity, they never really gave to anyone. No, they just took their money and invested in pharmaceutical drugs. Oh, and chemo.
B
Yeah.
E
Instead of taking that money and investing in companies that were trying to find a cure. No, we'll just invest in companies that use chemicals from the military that were later banned. Yeah, that, that's a good thing to keep fucking putting into people. Then Also created in 1913 the ADL, the Anti Defamation League, which, sure, yeah, it's about civil rights. Yeah, totally. It's not about censoring people or, you know, silencing critics. And then in 1914, we had World War I and that became the first war ever that private industry profited from war. The private industry that's owned by the same families that created the Fed, the irs, the Rockefeller foundation, the American Cancer Society, the adl. Again, just a coincidence. Oh, I'd also like to point out that a year prior to 1913. 1912, yeah, that was when the Titanic sank. And it's funny how three of the wealthiest individuals on that ship were the loudest voices opposed to central banking. Oh, and there's also the little tidbit that JP Morgan was supposed to be on that boat, but he canceled at the last second. But yeah, that's conspir. That's tinfoil hat talk. So what's happened since 1913? Well, the dollar has lost 99% of its value. Our debt has just become like a number that we ignore. Middle class getting daily war is now an industry instead of a conflict. Oh yeah, and your money isn't real anymore. Like it's just not real. It's not backed by anything. It's just numbers on a paper that, that, that private bank Prints. So, guys, look, look, if you're worried about America being conquered or, you know, a rebellion or it being taken over, I just want you to recognize that you're more than 100 years too late. That already happened in 1913.
B
Man. Yeah, like, you know who was on that? The Titanic? It was Astor, Guggenheim and Strauss. They were the ones that were like the. Totally against it. But also there's another theory too that they. There was a. In one of the rooms that burned. Burned, burned. And they said some of. Some of the pictures you could see, they weakened the. The side of the ship that supposedly hit the iceberg. Or did it hit an iceberg or did it just burn through at some point? So, yeah, there's a whole, there's a whole bunch of stuff there that, that people onto the UK though. Let's talk about some. Here's a migrant interview. Jeff, listen to this, this is interesting.
F
Arrived illegally in the UK two weeks ago. I came in on one of those little rubber boats. I was going to fly in with. EasyJet35 quit. But they were all, who are you? Prove it. Where's your ID? So instead I found this bloke, Mr. X, what he called him. Didn't care who was in the boat, just give me 1,800 quid. To be clear, it's not that I was a bad lad back home, it's just I fancied a clean slate when I got here. The crossing was smooth. We only got halfway before the boat. Taxi service picked us up. Border farce gave us these nice matching orange life jackets. We were all joking that we looked like an invading army. When we landed, we were met by. Is it your tourism people? Customs, they gave us all these new clothes, didn't even need them. But hey, a couple of the lads have actually gone back and come over a few times and now they sell the clothes at the car boot to English people. It's ironic, but, yeah, it's nice to give something back. We've got a great setup here. They put us in this four star hotel. Food, phone, table tennis tournaments, visiting doctors, dental on demand. I was joking with the concierge or the sous chef, one of the staff, and I said, well, five star would have been nice. I was only pulling their leg, but I think they actually went off to try and sort it. If I had to complain, it's maybe the breakfast a little bit too much choice, you know, cereals, toast, porridge, fruit yogurt, smoked salmon, cream cheese, salad, and of course, the full English. And sometimes you just want to Eat and get off to work because I do have a delivery job that was so easy. All that stuff they say about vetting employees. I just meet a guy around the bike shed, give him 50 quid and that's that. I don't really want to get approved to stay because then they'll take all this away and I'll have to get a real job and pay tax taxes, which it's not fair because then I'll be working all day for the government to take it and give it to what, new arrivals. Ideally my plan is to stay here until they kick me out.
B
Boy, that was some good parody right there. My God, that was pretty much spot on. But look at this, Jeff. So you would think sniffer dogs, you know, looking.
A
Hey, before you go there, let me, let me just pull this up real quick. I think it's interesting to look at what we were just talking about, the buying power of the US dollar here from 1913 till this goes through 2022. Look at that steady decline of what the dollar valuation was buying power down here. But then if we do a cross reference to GDP since 1913, which would fall somewhere in here, Here we are now look at that trajectory of gdp, which is, you know, per person and. But the value of the dollar has gone down. We need to see a cross reference from the increase of the GDP at an average of 2% per year to the decline in the US dollar for buying power. So where do we actually see on growth in terms of consumption, consumer good affordability? Well, when you look back, how much was a vehicle that right at that point, how much was a car back in the 70s or 6?
B
Visual Vendetta wants to know where I, where Chip is today. I'm right here, dude. I got a new look, man. Look at dude's cut off, man.
A
Different clean.
B
Three years of hair growth gone back with the living. It's all good, man. Colin says that would be really funny if it weren't true. That's why it is funny, because it's spot on. But listen, about this, Jeff. So sniffer dogs, when they're basically looking for stuff, they just go, everyone's included, right? You would think so, but no, that's not how it works. Not if you're in the uk. Some people have privileges. Cannot believe this is actually happening. Sniffer dogs are there for a purpose.
E
To sniff out crime, to sniff out out terrorists. Except if they're Islamic.
C
Well, this is one example of staff being overruled and prisoners being appeased simply because they complain. And it doesn't matter what your religious beliefs are, they should never, ever override security, particularly in a separation center, which houses some of the most dangerous criminals that are in the system.
E
So how can this be allowed to stand? We hear all the time about two.
B
Tier justice, but none of us thought.
E
For a moment it would mean the right to deny being accessed by a sniffer dog.
C
It's been allowed to happen because a management committee that oversees the regimes and the conditions in separation centres have overruled staff and they've decided to take those complaints on board and disband the dogs from sniffing prisoners when they're getting searched. It's ridiculous. It's appeasement and it needs to stop. Things need to change and we're hoping that this independent review that's being commissioned by the government, we'll look into all these issues. Listen to the staff on the front line.
B
Yeah, they're hoping, Jeff.
A
We'll keep hoping because is that real? Is that real or a spoof?
B
No, it's real, man. It's real. This is how insane it's getting over there, Jeff. Yeah, it's, it's almost hard to believe right now here once in a while. Jeff. Well, I'm going to put this up first, but, you know, the judges are just as wacky over in the UK as they are here in the, you know, they're left, maybe even they're like, we're Tories, okay? We call Tories Democrats over here, left nut jobs, okay? And then we call the Labor Party even further to the left of that. So you guys don't have any true conservatives over there. So don't they go like, oh, the conservatives were bad? No, they're not really conservatives in the way we think of conservatives. Maybe you guys, they're just lefty nut jobs as well. Here we go. Tommy Robinson posted this. Three labor judges ruled that Epping must have unvented migrants men in their town. On the same week, the Hadash Gabotu, an illegal immigrant being housed there on trial for sex attacks on two children and a woman. There you go. It says right there, he says the government versus the people. There you go. That's what it is. You guys are either going to take your government back, you're either going to revolution or you're just going to sit around and, and fly flags. You're either going to take it back or you're just going to let it allow it to run. And I hope that, God, that that doesn't happen because, you know, nothing's going to change unless you Guys change. And then we have this one here.
A
And see the Big Ben again.
B
At some point I would, I would like to go do tourism again, but here you go. This is a, this is a hotel owner. Listen to this. Jeff, this is interesting. We've heard, we saw a lot of that happen here in the US as well.
F
Me to house illegal immigrants in my.
B
26 bedroom hotel here in Cambridge.
F
I was offered by a company that, that offered to pay me £35,000 per month for almost seven years.
B
That's a lot of money.
F
And they were going to use it to house illegal immigrants. And I said no. Now, commercially, does it make sense?
B
Well, I personally, I don't care if.
F
I make more money or less money, I want to run it as a hotel on principle.
B
That's what I decided. Sometimes you have to stick to your.
F
Principles and, and put your values over money.
A
Because they would have burnt this to the ground.
B
Well, that's, they would have destroyed it. They would have destroyed it because they just don't care about it, number one still. But it is good to see that. Now let's, as we migrate over to Austria, Jeff, check this out, see if I want to hear your thoughts on this story here.
F
Sharia law is now valid in Austria. In a landmark legal decision widely condemned by locals, the court ruled that a contract made between two businessmen using Sharia law is valid in the country. One of the parties had taken the case to the court, pointing out Sharia's arbitrary nature, often being subject to wildly differing interpretations by scholars and it's fundamental of Austrian law and its principles. But the court slapped the argument down, explicitly stating the Sharia agreement didn't contradict Austrian values.
A
Yeah, what the hell is wrong with them?
F
And ruled that Islamic legal provisions could, quote, be effectively agreed upon in an arbitration agreement.
B
Thoughts on that, Jeff? Consider Austria Congress. It's over.
A
I mean, you're in, you're in a country, you have to abide by the laws. If you want to go more strict than the law in your own community, you know, and you say, you know, we have the laws here, but you're going to adhere to that law. And also you want to add another layer on top of it, potentially, you know, between two parties. And you want to draft a contract to say the two parties are going to abide by whatever this is, I guess that's up to them. But for the, for the, the jurisdiction to then say that that law stands, it basically will stand above, you know, other law and they want to, you know, kind of replace existing law. You know that that can be super problematic. But again, if you enter into a contract and you say where both parties are willing to abide by. And I think that'd be in any country. Right. If you draft out a contract and you buy both agree to it, you know that this is how we're gonna adhere, then that's. That's your contract, you know, so give that flexibility. But the government to then adopt that style, you know, is totally different. You know, I just don't see why they would want to adopt that. And now any ruling could. Then they could just say, we're going to apply that Sharia law to any ruling. You know, we're going to accept that law into our books. That is, you know, crazy. You know, they should not do that. You know, it is.
B
Same as last government was labeled radical right, but they were left. Typical EU stuff they talk about, obviously the Netherlands. Scotty said the redcoats need a 1776 style revolution in 2026. Or enjoy Sharia law.
A
Yeah.
B
Agree 100%. Collins says it looks like the justice system in the UK is now political. When justice fails, anarchy prevails. Time will tell. We have.
A
Who is that? That?
B
Just look at that. Jeff, got a nice comment on my hair.
A
Yeah, your hair looks great. Gq, man. There you go.
B
Yeah, man. Still a little longer on top there.
A
But it would blinker. Talk about the. The Netherlands. That's what it was. Geared village. Remember Geared builders. I wonder what happened to builders.
B
Well, they did. They couldn't form a government. That was part of the problem. They didn't have the majority. They couldn't form a government. Yeah, that was just the way this is. Listen, in 249 years, you know, the. I mean, it's. That's not good. That's not Gert Welders. It's Jimmy Page. That's Jimmy Page. Dude. Pull up a picture of Jimmy Page and tell me they're not brothers from other mothers, man.
A
Seriously.
B
Put up a. Pull up a picture of Jimmy Page. Put him side by side and I'm telling you what, man.
A
Hang on, hang on.
B
Yeah, he's still around. But the problem is, is like, you know, the 249 years, no one thought like, hey, I wonder if we should have a. We the people. The people dictate what the government does and limits the power of the government. Nah, let's. Let's continue on with Parliament. So it goes in circles and we have leftism rising all over the place. Let's do that. Sure. I mean, nobody thought it was A good idea. Not one country in 249 years thought, hey, that system of government's cool. Why don't we adopt our own? Why don't the people write their own rules? No, not. Didn't happen, Jeff. For some reason. For some reason. Look at that. It's the same dude that's. Come on.
A
Oh, my God. Look at that.
B
Pull that. Pull the right side back a little bit. It's Jimmy Page, man. Jimmy Page is. Is moonlighting his Wilders. Whatever. Look at that. Tell me that's not the same guy, Jeff.
A
Hang on. I can't drink it. Hang on. Gotta remove it first. Hang on a minute.
B
I mean, what in the hell, Jeff? That's the same dude. Am I wrong?
A
Yeah, that's funny.
B
He's put a guy in a Dirk shoe as a premier. Nobody voted for it. Yeah, look at the course. That's pretty spot on, dude. I mean, it's. Look at that. I mean, my God, Jeff. Right? They're the same dude. Who knew Jimmy Page, man? I didn't know he spoke Dutch. Who knew that? Jimmy Page.
A
No, look at that. Oh, no.
B
I know he's not the prime minister. I know. I understand that, but I'm just saying the whole point was, is that there was this hope that. Do the right thing, but again, you know, you'll enjoy your no go zones, you know, and all that kind of stuff. All that good stuff.
A
I met Gert years ago. I think it was probably like 2010 maybe.
B
It was in Boca, right? Wasn't he in Boca?
A
It was in Boca. I helped put together an event in Boca, and he was one of the guest speakers. There was some. There was a. A Duke and Duchess that came over from the uk. I picked them up in Miami. They came to speak or the. The Duke came to speak. And then Garrett was there. He was a speaker, and there were a number of people that came to speak. Yeah, it was. It was an interesting event.
B
This is one of the greatest stories of the day right here. Check this out. Breaking Senator Lisa Murkowski, Rhino Republican in name only. Will be primary challenged by Alaskan Republican Gov. Mike Dunleavy, super popular in 2028. Trump won Alaska by 13 points. Murkowski seat needs to be taken over by someone who wasn't always at odds. She's a nut job. Yeah, just call her a Democrat. I mean, my God. Yeah, just call her. Call her what? She is a Democrat.
A
Hey, look what time it is. We're an hour.
B
We gotta do it. We gotta run.
A
We gotta run. Got some things gotta get done. Yetis do we have. How many people do we have?
B
I'm gonna share it. Right now. We have 20.
A
20.
B
All right, roll the song. You guys have a few minutes to type it in. Get your zombie wallets ready, get the code ready, and then we will go ahead and announce a winner. Let's go.
A
Here we go.
D
Clap your hands off your feet let the rhythm ignite we're live on the chain on a swinging night are you ready? You steady? Then win yourself a badass yet.
B
Word.
D
Of the day YTI cool as ice but the horn swing high snap that wallet click that chain when the drop hits hot you'll remember the name spirit walker strut the tribes in style step in the ring with a swinging smile names have sharp like brass when the band kicks in, you won't sit on your stand up don't sit down Badass yet just roll in your town Spirit walker, swing real hard have us the ace your battle card chips Rant riffing Jeff drops the beat. Viewers in the house, keep it slick, bit a little elite Obsidian boat on the ivy drip that black rose swing take a mighty sip legends don't fade when the night gets laid claim your yeti don't hesitate on the chain the van will rain badass yet it's running this game feeling that badassery get in the groove the band's on fire let the spirit walkers move we don't rig, we don't prom they no YouTube fans with that weak ass I'm so clap your hands don't you spread it come step right up and grab your badass yeti Claim yours or be forgotten the madness on the chain it's on the chain.
B
Oh, man, that's so.
A
I love that one.
B
The UT blinker says the Netherlands is mostly anti God. It's funny because, you know, you walk around Amsterdam, you see a church in every corner, but they're not churches anymore. They're like office buildings. They're of kind, converted into houses. There's a lot of churches there, but they're no longer churches. It's pretty wild, man.
A
Yeah, it's very strange. Very strange.
B
Yeah, very strange.
A
Do us a favor, Haver.
B
Let's win. Look at Colin's already congratulate. Colin's already congratulating Charles. Epic. Look at that. We got an epic right there. Epics is Colin. That's a great. That's a fantastic tune. All right, guys, let's go ahead. We will throw it up there. And let's go ahead and pull it. Get your zombie wallet ready. People ready to go? Let's go. You ready? No. Let's go. 22. We're going to do it.
A
We ready?
B
Yeah. Dutch Church is turning the brothels. Exactly. Here we go. Draw. Boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom. Who's it going to be? Who's it going to be?
A
Winner.
B
Winner.
A
Winner. Who?
B
Bam. Jim D is the winner. Jim D. Just got out of jail, I believe, too. Jim D. Just got out of badass Yeti jail. Jim. Congratulations, Charles. No, it's Jim D, man. Yig D. Funny thing, I think. Omg, dude, he just got out of. He wasn't participating because he had to wait for his 30 days to elapse.
A
Yes.
B
And I think this was day. The next time he was able to participate. And boom, he's back in yeti jail. But that's good. He's another badass yeti. That's awesome.
A
Jim D. November.
B
You already got it. Ready, baby? Go ahead. And what's up?
A
You won July House 26th.
B
Yep. He's out. He's out of. He's out of yeti jail.
A
Out of yeti.
B
He's out of the yeti. Clink. Let's go, baby. Let's go. All right. That's fantastic. Well, as you're getting that badass yeti, that song is so catchy, man. I love that tune. We got to start releasing the songs as NFTs, Jeff, and throw them up there as one time NFTs.
A
That'd be awesome.
B
Then people can download the NFT. You know, we gotta do that. You have a whole ton of them.
A
We got a lot.
B
All right, so while we're waiting on this, I wanted to. Jeff, this is. This. Have. These two funny things. Have nothing to do with crypto, but they're funny. Check this out.
D
Oh, no.
B
So. So they'll set the scene. Here you got a lady that's taking her driver's test, and at the very end, he said, you failed. And she's like, oh, no. But he gives her a second chance, Jeff. He gives her a second chance. So here we go.
D
Oh, no.
B
Is there anything I can do? Can I try again?
A
You know what?
B
I'll ask you a question. If you can answer this one right, I'll let you pass. Okay, thank you. All right, listen. Listen carefully. There's an old man and there's a young kid at the light. So what do you hear first? The old man. Suppose because the young kid has the whole life. No, no, no. You hit the brakes. Oh, man, that kills me. Every time. What do you hit first?
A
So funny.
B
The old man, because the kid has his whole life out of him. No, you hit the braid. It's fantastic. It's fantastic. Oh, my God.
A
That's great.
B
And one more. Here we go. This is. This is maybe. I don't know why I watch this like three times and I laugh every time because I guess it's because the guy reacting to it feels like he's interacting with the dude. So set the stage of this one. A guy. You know those light headsets you put on there, like you're working on a car or something? Light headset. Apparently it blew up, but the guy that's interacted with him is. It sounds like he's like. Like they're having a conversation. So that's what's really funny about this. There you go. Hello. Oh, what happened? God, my headlamp just blew up. Where? On my head. Oh, my God. Let me see.
D
What happened?
B
Holy. What?
D
Oh, my God.
B
Oh, my God. Friend.
D
What just happened?
B
It just blew up again. Oh, my God.
A
Look at this.
B
Forget that.
D
Throw that thing out, friend.
B
What did it feel like? It felt like I got punched in the back of the head when it first blew.
D
Huh.
B
And I reached up and threw it off my head. Yeah. Yeah. Burnt the hell out of my hands. Which one hurt the most? Oh, my. This. The first finger is the worst. Uhhuh. Can't really see it. I see that finger got cooked too. Oh, did my God. And then it just blew up again. Well, you. You need to clean that up. The counter when your wife get home. Wait a minute.
D
Sp. I don't think you need to put.
B
No water on that. Cut the water.
D
Oh, God damn it.
B
Oh, my God. Stupid. Oh, my God.
D
Oh, friend. Get a fire extinguisher.
B
You going to blow that? Idiot. Take it outside. Take it outside, friend. My God. God. Holy God. Rightful. I had this thing on.
D
Yeah.
B
Even though I got hurt, because if that wasn't on my head, it would have. I wasn't home. It would have burnt my house down. That's crazy. Okay. Absolutely. Would have burnt my house down. For sure. For sure. I can't believe that. Okay, well, look.
D
Oh, damn it. Call me back.
B
All that. No way.
A
What the hell is that? The hell?
B
That was some funny stuff. Then. Then the fire. The. The fire, whatever thing.
A
Yep. All right, here we go. Transferring this bad boy over to Jim.
B
Congratulations, dude. You just got all the yeti. Clink. He's back in the clink with another yeti.
A
It's like that, man.
B
Congratulations, he even said, oh, my God. Oh, my God. Oh, my God.
A
Here we go. Thumbprinted, verifying, submitted. Done just like that. Jim D. Is the proud owner of this guy right here. Hang on, hang on. There you go. Jim. Jim D. Look at that guy. I love this guy. Jim D. All right, baby ass right here.
B
Jim D wins. Winner, winner, chicken dinner.
A
Oh, no. I just gave you the wrong one. Oh, well, did you? I did. Yeah. I was just looking at the. I don't know how I did that. I had a couple of them up. I gave them the wrong one. You got the wrong one. That's okay.
B
It's all the right one today. What's this one today?
A
The right one today. This one is spirit walker. Isar.
B
It's a spirit walker. That's cool.
A
It's a spirit walker. That's why I had a couple of them open.
B
All right, man.
A
I was just like, hey, that's the one. Boom.
B
Let's get out of here.
A
Jeff.
B
We both got things to do, dude. It's all the time we have here, guys. We will see you guys on the next one, Chip and Jeff. Oh. See you guys on the next one. Are you down with otc? Please, like, subscribe and click the bell to be notified when the next video drops.
A
Drops. Are you down with otc?
B
Please, like, subscribe and click the bell to be notified when the next video drops.
Date: August 30, 2025
Hosts: Jeff ("A") & Chip ("B")
Theme:
A dynamic episode diving into surging XRP ecosystem developments, RLUSD stablecoin milestones, new tech releases, crypto market and geopolitical news (notably the Trump tariff ruling), plus the usual dose of unapologetic opinion, humor, and live community engagement.
The hosts deliver their trademark blend of blockchain news, opinions, and banter, focusing chiefly on XRP’s explosive adoption, RLUSD stablecoin crossing $650M market cap, institutional and technical ecosystem updates, and a rapid-fire coverage of political/legal headlines. Listeners get everything from in-depth explanation of DeFi mechanics and the latest project launches (like Sparkvia, Firelight, Gumy/Goomy) to pointed commentary on the impact of US and global regulation, playful community rapport, and some satirical takes on political/cultural events.
[04:58] RLUSD Monthly Independent Attestation & Ecosystem Expansion
[06:21] Most RLUSD Not Yet on XRPL
[12:23] Sparkvia AI on XRPL
[17:07] Gumy (Goomy) - Japanese Web3 Treasuries Investment
[24:25] Chainlink vs. XRP Ledger for Data Publishing
[25:41] XRPL Amendments Activated
[25:46 | 30:19] Flare’s Institutional DeFi Push—Firelight Restaking Layer
[41:03 | 42:05] Concept Discussion: Never Selling “Store of Value” Coins
[47:35] Trump Tariffs Court Ruling
[63:07 | 70:51] Social & Political Commentary – Migration, Law, Culture
Notable Quote:
"Judges should not be the final decision makers about such matters... Congress [should] amend the law... judges should not substitute their policy preferences for the President’s." (Mark Levin, 50:54)
[33:49 | 79:50] Yetis, Music, and Community Giveaways
[39:03] Handy Andy’s On-Chain Notifier
For further info, check episode transcript or visit: On The Chain YouTube