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Jeff
Tonight, the crypto world might be witnessing the biggest setup we've seen all year. That's right, chip, all year. XRP's first spot ETF could be launching tomorrow morning. You heard it here first. Yes, you heard that right. Ripple is hosting the UK treasury somewhere over in Singapore. Ever north is predicting a financial revolution. Coinbase abandoning Delaware for Texas. Texas, Texas, the big gain.
Chip
The.
Jeff
The blue states losing. And the US treasury just opened the door for stake and rewards through ETPs. And while all this is happening, geopolitics are exploding. Trump's student plan. We're going to get into that. UK's richest young entrepreneur fleeing from the UK to the UAE because it's safer over there. Activist judges releasing illegals and for a Kennedy and a Kennedy running for Congress, while the left Chip pushes meltdown level narratives.
Chip
And it's not just one story. It's a global shift. Markets, regulation, politics, power, all moving at once and you're all watching it happen in real time only. Where, Jeff? Only here on the chain. Let's go. Welcome to on the chain. Welcome. She says, Jeff. Welcome to. Welcome. She says welcome. Welcome to on the Chain. Jeff, we are coming in from. People, where are you coming in from tonight? Where? Please tell us. Please tell us where you're coming in from. We need to know, Jeff. Hawthorne, of course. Where's Hawthorne? Why not? Why not?
Jeff
Davies?
Chip
Around the lake there.
Jeff
Oh, Gary knew.
Chip
There you go. There you go. There you go. There you go. There you go. There you go.
Jeff
Diego, Damien's coming all the way in from Down Under.
Chip
Australia. Jose. Australia. I was watching my favorite YouTuber from Australia.
Jeff
Oh, yeah? Yeah, all the way from Australia.
Chip
Aksanaki. O C C Y. Max and Aki. It's great, great channel. Like five years. Yeah. Aki was his dog, but unfortunately his dog passed away a couple months ago. So he's pretty. This dog was 14. He was like part of his big part of his channel. But maybe he'll rename it. I don't know if he's going to rename it or not. Maybe he'll just keep it maximized. He always wears a T shirt with this Aki's picture on it. I don't even know what Aki means. Oh, ccy. I don't know what that is. That'll get. Is that just a name? Is that an Aussie thing? I don't know what the hell that means. Is it a nickname? I mean, it's a dog's name, but I don't know what it means. Really. I don't know what it means, Jeff, do you.
Jeff
No clue. I don't speak Australian.
Chip
It looks exactly like the U.S. except they drive on the other side of the road. That's it.
Jeff
And you don't understand half of what they say because I don't know, slang is completely different.
Chip
There's a lot of slang, Jeff.
Jeff
I think it took. It took us two days to figure out what a brekkie was.
Chip
I don't know what any of it is. I know what he. I know what a bin chicken is.
Jeff
A week to figure that out.
Chip
In chicken. How funny was that, Jeff? It's funny stuff, right? Freaking bin chickens.
Jeff
That was really funny. I've never seen a big chicken until we're on Australia and realize those in chickens are everywhere.
Chip
We saw a ton of them over here. Yeah. John says hell. Coin, the first regulated crypto bank that approved today. Nebraska leading the way. No, no. Which is interesting.
Jeff
Nebraska of all places. Never been to Nebraska. Sometimes you forget about certain states. Like Nebraska.
Chip
Braska. Well, we have somebody that comes in here from Braska once in a while. Yeah. Telecoin first regular crypto bank. I don't know what that means. Regulated crypto bank. What does that mean exactly?
Jeff
I. I much prefer the one name a telco.
Chip
It wasn't telcoin. That wasn't. That. That's crap. Yeah, exactly. That's what I like to know, Joe. People are like 589. Can we just hit $4 first, please? That would be like a nice thing.
Jeff
I want 5.99.
Chip
I mean, I mean. I mean really, Jeff. I mean, can we. I don't know, can we? I would hope so. I would sure hope so. So let's jump into it.
Jeff
There you go.
Chip
Right into it.
Jeff
Aussie awake. It means true blue. Working class, honest, genuine. Bloke or sheila.
Chip
So I know what a sheila is. Another bloke.
Jeff
I don't know.
Chip
So if you said Aki would be kind of like. Like saying like a good dude, good working class, like a buddy or something like that. Aki O C C Y. Right. Oh, it's a derivative of hawker.
Jeff
I get it.
Chip
That makes sense. Any for your thoughts now cost a dollar. Damn.
Jeff
That's. That is true.
Chip
Everything's. Everything's rising. Jeff. Man. You can't get anywhere your thoughts. Can't get it. You can't even penny for your thoughts anymore. Telcoin.
Jeff
He's promoting this all over the place here.
Chip
He must tell Coin is. I don't know what the hell.
Jeff
Fired up about it so much.
Chip
What the hell? Who cares? Digital Cash isn't telcoin the token, it's a crypto bank. But it also is. There's a token called telcoin. Digital cash Telcoin Telcoin bank. A digital asset bank aims to become the first real bridge between traditional finance and cryptocurrencies.
Jeff
There you go.
Chip
Nice try buddy, but I think it's already locked up. It's called ripple. Good luck. Have fun. Have fun catching up to the 40 billion dollar behemoth. Good luck to you. Good luck mate. See if you catch up anytime soon. They make history with approval. Let's see what this stupid made history.
Jeff
The crypto bank Telcoin.
Chip
Sorry man, that's a bad name right there.
Jeff
Digital cash. So kind of like every stable coin that's out there digital?
Chip
No, live on the telcoin wallet. Why would you call it telcoin Telcoin bank. I don't get it man.
Jeff
But it's euaa. Digital currency.
Chip
First regulated digital asset bank. I don't know what that means. What about custodia? Aren't they the first regulatory bank?
Jeff
Why does it have to be regulated? Would you prefer.
Chip
USD? Another global digital cast. Stable coin. So they have their own stable coin. This is so funny. Who's ever heard of this bike?
Jeff
And then look at, look at the next step. Stablecoin digital cash represent an evolution of money that is programmable and interoperable.
Chip
Front row CBDC to me.
Jeff
Yes.
Chip
Our charter makes history not just for telcoin but for the entire US banking system, says Paul Nooner, Telcoin's founder and CEO. Are proven that the bank could issue onchain digital cash responsibly. Well, the funny thing is is that I guess they're trying to be a bank. They're trying to be a crypto bank to retail. That's what Custodia bank was trying to do. But they, they just didn't get their.
Jeff
Doesn't work so well.
Chip
Most people, they didn't get the the federal approval and they got knocked down in the 10th Circuit. For us this is not here. Hang on, here comes the lawyer speak. Jeff. Okay, ready for this? Yep. For us this is not about stable coins pulling money out of the banking system, but rather upgrading the technology of money payments on the banking itself. Neuter explains. Nooner explains that the bank's native medium of transaction is a regulated on chain digital dollar directly connected to U. S Bank account account numbers. More than just the stable coin issue or the bank plans to provide compliant stablecoin yield offerings along with a suite of retail and commercial Depository services subject to regulatory approval.
Jeff
Wow.
Chip
What does that mean? I wasn't even mean. I don't even know what I just read when it's so convoluted like that. I'm like. I just have to read like six times to try to figure out what this means. I don't think it means anything. And it. It's subject to regulatory approval. So this is their yield. This is their. And so what are they doing? The native. So it's on chain Digital dollar directly connected to US account numbers. What does that mean? Like deposit in your bank account. So I don't understand what that means. So you can have a bank that has the. Their. Their digital A stable coin in it. Am I missing something here? I don't know.
Jeff
Yeah.
Chip
See what you started, Sir John, you totally jacked the show.
Jeff
Well, Sir John. Sir. Sir John, if. If this is the case, look up in there somewhere. It says because they can send money through sms, which is kind of cool.
Chip
Anybody can.
Jeff
I like the idea of just being able to chip. Can you text me some money?
Chip
Yeah. You got an Apple phone? I'll send you Apple cash all day long, bro. You'll have in three seconds.
Jeff
Nope. Yeah. Do you have telcoin?
Chip
Nope. But I can do Apple. I can do Apple all day long. I send money to the kids all the time. There you go. Click it. They got it. They spend it. It's over. This is not revolutionary, man.
Jeff
Made it. Laugh at them for some time, but now apologize. Today. They have written the crypto bank in low in Nebraska in 2021 and are officially an effing bank from today. Well, there you go.
Chip
I don't know what that means, Jeff.
Jeff
They're a bank. They're a brick and mortar bank.
Chip
So what? So nothing isn't. Isn't Custodia Bank? No, Custodia.
Jeff
They can now list stablecoin as a bank. So it's a bank issuing a stable coin. There you go.
Chip
Platform Manage cash. Connect and transact. See a future. All bank support. I don't know. What am I missing here? Custodia not FDIC insured. Nope. That's Wyoming. But they got knocked down on the 10th Circuit.
Jeff
They're trying to get.
Chip
Does that mean that they have a Fed license? Because these guys got killed. They didn't get a chance to get the Fed license.
Jeff
Yeah, I don't know.
Chip
I don't know. I don't know what it means. I don't know what they have. I don't know. I don't know that means anything.
Jeff
Chad. Asks if Ripple has a banking license in all 50 states. I don't know.
Chip
They don't have a bad banking license yet. However, November. By the way, the funny question, I did ask Monica Long that question in person. She said, listen, we don't have. I don't have an update for you, but you'll probably know really fast. I'm like, okay, that's cool. I think she wanted me to stop asking her questions, Jeff. To be honest. I think she was, like, trying to, like, you know, ease away from me. Like, just kind of, like, squirm away.
Jeff
I was gonna say. I think it had something to do with.
Chip
Yeah, yeah. I think that that was something I asked. She goes, I think you'll know pretty quick. I'm like, that's good to know. Oh, you don't have an update to share? She says, not yet.
Jeff
I'm talking about. Government's gonna reopen anyway. Let's bash wokeism.
Chip
That's way more fun.
Jeff
It's definitely a lot more fun.
Chip
Speaking of Monica Long, here she is. Look at this right here. It's an honor. This is Ripple. It's a host, Singapore's Deputy Prime Minister Gong King Yong and. And the Managing Director, Chia Durgin, at the Ripple booth to learn more about our business and customer traction and APEC. During the 10th anniversary of Singapore Fintech Festival. Singapore continues to lead from the front with clear rules and regulations around digital assets, maintaining a strategic vision to build a trusted connected and digital asset economy. And there is Monica Long, and she's very tall, Jeff. Very tall. I think I was looking at her, like, pretty close.
Jeff
Oh, wow, she's tall.
Chip
Yeah, she's got to be. I wish I would have known. Somebody did take a picture, and I'm like, I've been pegging them. Like, hey, dude, you got a picture? Because you said you took up. He goes, okay, don't worry, I'll get it to you at some point. I'm like, all right, well, maybe before the whole swell thing wears off. It's already been a week plus. That's right. See if you can get it to me. But he did. I did turn, and someone did snap a shot, and there's one somewhere. And yeah, they're just checking it out. They're just, like, stopping by and made it. It was a good photo opportunity. I got to give him credit for that.
Jeff
Singapore.
Chip
And then Monica Long also posted this. She said, welcome to the UK's economic secretary to the Treasury, Lucy Rigby at Ripple's Singapore office to discuss how digital assets can boost the UK's competitiveness and growth, building on its status as one of the most leading financial hubs of the world. And there you go.
Jeff
There you have it.
Chip
There you have it. There's the photo. Is that address. What is that? See, the funny thing is, see how she wears these flats?
Jeff
Oh, yeah.
Chip
She can't wear heels, man. She'd be way too tall. She's probably taller than most people in the room. I don't know. I think I want to say she's like 5, 5 10, maybe 5, 5 9, 5 10, maybe 5 11. But, you know, she's taller than most people. If you just look at right there, she can see that she's power is over people.
Jeff
He's towering over her, powering.
Chip
And Jeff, this just hit as of 5:30 just a few hours ago. Ellie Terra, by the way, I did see Ellie Terra. She was sitting at a table and I knew she was super busy working on a story, Right. She was like all typing and stuff, and I'm like, I'll go up and say hi to her. Probably not going to see her again. Well, I never saw her again. I said, hey, Ellie, how you doing? It's Chip from on the chain. She goes, oh, my God, Chip, nice to meet you in person. How are you? She. I go, looks like you're probably working on a deadline. She goes, I am. I'm working on something, but we'll catch up later. We never caught up later. There's no catching up later.
Jeff
There's no scene again.
Chip
She. She disappeared from view after that. I never saw her again the whole conference. So, oh, we'll catch up later. I was like, okay, cool. But no, it's nice to see her. She's very sweet in person and even despite me interrupting her in the middle of trying to concentrate. So, you know, she was actually really cool. But she put this out. She said, as a 5:30 Canary Funds XRP ETFs officially effective after NASDAQ certified the listing. Clearing XRPC for launch tomorrow at Market Open. There you go. And there's the letter from the NASDAQ regulation.
Jeff
What is the.
Chip
The Canary XRP etf.
Jeff
The Canary XRP etf. Nice. What is our. What's the abbreviation?
Chip
I don't know.
Jeff
Is that the top.
Chip
Xrpc.
Jeff
All right.
Chip
Yeah. Xrp. It's C for Canary.
Jeff
Yep.
Chip
There you go.
Jeff
So they're launching tomorrow.
Chip
If there's. Let's see if this pulls up anything. It's probably too early. Yeah, yeah, yeah. Definitely too early. Okay.
Jeff
XRPC is Primary meanings. It's the NASDAQ ticker symbol and it's also a protocol for HTTP APIs used in the AT protocol. Did you know that?
Chip
I did not know that.
Jeff
Yes.
Chip
Oh yeah.
Jeff
I guess I may cross server remote procedure call.
Chip
Yeah, I think I did know that.
Jeff
Now it's going to be confusing.
Chip
No, that's only. That's people on the inside that know HTTP. Nobody knows what HTTP is. You're on the Internet every day, but nobody knows from that point unless you're somebody that works in the back, you know, an engineer or something like that.
Jeff
That's very cool.
Chip
By the way, I was really pissed at the Republicans are complete. They put a bunch of garbage in this bill. A bunch of senators, eight or nine of the centers snuck in. If something happens with the their lawsuit, they each get $500,000 sitting there razzing the hell out of the Democrats for putting trying to put sneak stuff in there. That's they also got rid of hemp in the usa. So you have hemp farmers that are just crushed tonight. I don't know if it passed in the final bill, but that was. They were trying to sneak that in. You don't sit there and rail against the Democrats saying you're trying to put stuff other than a clean bill and then you put garbage in there. This is why I cannot take the Republicans and they all need to be punched right in the face. They're stupid. They're some of the dumbest people on earth next to the Democrats, which are even dumber. Jeff. But then that's just, you know, significantly dumb. Significantly dumber. So to reopen and nobody missed it, nobody cared. That's the bottom line. Nobody even cared about what the. It's open. Well, one of the things we discovered with the SNAP benefits, which is a supplement supplemental nutrition something program, whatever action program, whatever it is. So that program found 40 million people are on it and there's like a lot of people who don't reside in the like us and there's a bunch of people who are legal in the US So just a bunch of basic, you know, somebody had said what they ought to do is they ought to say, listen, everybody has to reapply one time. You bring your id, you bring your proof of citizenship, you bring two forms of id same when you have to get a license. Jeff. Right. Bring all that. If you qualify, you'll be put back on snap. Well, we'll probably get rid of 20 million people just like that. Bam. Snap your finger and 20 million people are gone.
Jeff
Gone. Just like that.
Chip
You know, Chad's riding on a Harley. It's impressive. Watch the show. Riding on a highly. That's cool. Does that mean weed will not be legal? No, hemp is. Hemp is different from weed. Trump should drive the Capitol Hill to sign it. I see. That's what he's saying, right in Harley. Gotcha. Okay, I missed that part of it. You got to do these in secession. Sometimes, Jeffrey, you miss the whole meaning of what's going on.
Jeff
You missed the whole.
Chip
You missed the whole thing. So, Jeff, you teased this in the open, but look at this right here. Coinbase announced the decision to leave Delaware reincorporated Texas. They said they didn't make the decision lightly, but they'll always do what's best for the customers, employees and shareholders. Paul Gruel, who's their, who's their legal chief legal officer, he said he had great experiences in Delaware as a lawyer and judicial colleague. But the state no longer has a monopoly on corporate law. And so now it's facing stiff competition from other states that are innovating to offer the right environment for business and innovators to thrive. That was a nice way to say is we hate Delaware. So I was a pretty. I was. I loved it. And come on, you know, Coinbase is not the first company to make decisions. See, tell yourself that you're not the only ones. We surely won't be the last. What we are seeing a return to a free market economy in all things, including regulation and judicial review. Competition among states is healthy and it empowers businesses and innovators that are ambitious on ambitious past. Texas corporate legal framework offers the right mix of efficiency, predictability, fairness, and to be our home for incorporation. Probably has a lot of tax benefits in there. It probably has a lot of things that are very favorable, especially for someone in their line of business. And he said. I'd be remiss not to thank Greg Abbott, who happens to be the governor of Texas, for all that he's done to create an environment that welcomes ambitious companies like Coinbase with open arms. This is the bedrock of innovation in America. We remain laser focused on our mission to increase economic freedom by building the on chain economy. Today's decision keeps us on that road. You can read more about it and the decision in my op ed for the Wall Street Journal or our preliminary info statement file with the sec. Interesting that when you're, when you're regulated by the sec, you got to like tell the sec, get permission to the sec. I am so happy about this new Bill passing the SEC will have jack squat to do with crypto. And it's the greatest thing because the chair, there's like orders. We're putting pro crypto things. You know what I say? Good, you won't have anything to do with crypto and we're all going to laugh at you.
Jeff
We already started.
Chip
Like one of those animatronic laughters. We'll do that, Jeff.
Jeff
We'll do that.
Chip
We'll laugh. We'll laugh right in his face. Every chance I get. I remind the chair that you. Thank you for saying all that and it's wonderful and awesome, but SEC. See you later, Stupids.
Jeff
Charles, ETFs coming. Government shutdown over a clarity act. SEC is done with crypto. That's a good title. That should have been the title of today's video.
Chip
Yeah, why don't you write our titles, Charles? Jesus, you're the winningest guy around. You should write some winning titles. Maybe we'll get some more viewers.
Jeff
That would have been. Look at that title right there. That's a great title. I love it.
Chip
Sounds great. We'll put it on tomorrow. Even though we're not doing it tomorrow.
Jeff
It's the title we're going to use. That's it. That's Saturday's show right there.
Chip
Jeff, check this out. Scott Bent, who's the, the treasury secretary, he said today the U.S. treasury and IRS issued new guidance giving crypto Exchange trade products, ETPs a clear path to stake digital assets and share staking rewards to retail investors. If you remember, this is a real problem. So it's going to be interesting if that's going to make it to the Clarity act because remember this was a problem, a little gray area, what he said, between the IRS and the treasury. Thumbs up. He said the move increases investor benefits, boosts innovation, keeps America the global leader.
Jeff
So it's, it really makes a lot of sense. You know, keep money flowing to those who are investing, find that solution, get the IRS out of it and let's move forward with vigilance and clarity and excitement.
Chip
I hear you.
Jeff
That's it. We don't need that.
Chip
And Dirk has been putting this great, fantastic threads out lately. I don't know, he's, he's always had clever things to say. But this is another banger from Dirk. This one is on how crypto ETFs will they really affect spot prices and what an XRP ETF could mean and couldn't do. There's a lot of noise around crypto. Let's cut through the Hype and explain clearly and factually how ETFs actually move markets, what that can mean for XRP. First the basics and ETF. Yeah, an exchange traded fund, just a wrapper that holds a real asset like Bitcoin, Ethereum and soon.
Jeff
Right.
Chip
Probably XRP and then issues shares that will trade on traditional stock exchanges. So when you buy ETF shares you're not buying e XRP directly. And that's something good to note Jeff, because I don't know if a lot of people know that when they think about an etf.
Jeff
I would hope they would that because you're owning the etf, you're only in a share of etf. You know of the ETF you're. And the valuation of the ETF has, isn't, isn't compared to if you. I would hope people would figure it out. If you get a GBTC that's trading at $80 and Bitcoin's trading at103,000. I hope you'd get a, an idea that they're not correlating.
Chip
Yeah, right. It doesn't have anything to really necessarily do about price he said. But here's the catch. The institutions behind the ETFs called Authorized Participant APS do buy or sell the real asset when they create or redeem ETF shares. So this is the key link between the ETFs and the spot market. The ETF inflows equal real spot buying and the ETF outflows is real spot selling. So while your ETF trade happens on the stock market, the liquidity bridge runs straight to the crypto spot market. That's why a massive ETF inflows in Bitcoin early this year led to real spot demand and the real price movement. Right. Remember, I think it was something like 65 or 70% inflow which is what sort of elevated the price.
Jeff
And we had a, we had a pretty big outflow when the Solana ETF launched not that long ago. Hasn't had good movement though. And now with the xrp, if they're going to start with a canary, looking forward to grayscale and bit wise and some of the others that are going to roll out subsequent to that. Charles is talking about blackrock. Charles is in the know because he writes good titles and he knows, he knows stuff.
Chip
There you go. You say Tomato, I say ETF. Tomato, tomato, tomato.
Jeff
All right, now let's talk XRP.
Chip
Yeah. Okay, so let's talk XRP. If an XRP ETF's approved, the effect will depend on two factors. Number one, the size of the net inflows, like how much new money comes in. And number two, XRP's available liquidity are exchanges. So high inflows plus a limited supply equals upward spot pressure. But and this is very important, ETFs don't change fundamentals, they don't alter XRP supply, the burn rate or on chain utility. What they do change is access. They make it easier for big funds, pensions, retail brokers to hold XRP exposure without managing wallets or custody. Right. In short, ETFs can create new buyers, not more use of XRP. That's how the capital inflows from traditional finance into crypto through regulated gateways like ETFs. And if an XRP ETF goes live, here's what's realistic short term volatility as market makers acquire XRP for ETF seeding, medium term accountability or steady accumulation as institutional inflows grow. And then long term greater legitimacy and more stable demand over time.
Jeff
Yeah, well you know everything that we've read up to, to this point and I, I'm glad DS put this out, I mean this is really spot on because number nine is what it can't do. And everyone's expecting an immediate bump up in price point. And I am not going to do it. We're not going to see all new all time highs. It's not going to override market cycles. It doesn't change any of the tokenomics overnight. It will bring about more stability. The reason why it brings about more stability is going to be based on volume. So, and the volume is not going to happen overnight either. So obviously with the Bitcoin etf it took a little bit of time. By the second Bitcoin trust that rolled out with grayscale and there's multiple ETFs out there, but it took, it took time. I mean how many, how long has it been now with the, the big Bitcoin ETFs and it, it consolidates, it consolidates volume and that and to me that's more important, you know than you know, is, is the actual volume of trade. How, what, what's, and he talked about what's the inflow outflow. If everybody's holding XRP and nobody's, you know, selling, you don't have a lot of money in, but you need, that's the bottom line. You need new money coming in, you need new money coming in continuously. And if we open it up to the, to the pensions, the 401ks, that's a lot of new money right there. There's a lot of people that want to step their foot into digital assets and they're going to do it through ETFs. So retail stock, it's a big play. People that didn't want that are too are risk adverse to getting into crypto, but not risk adverse in the, in the stock market. Based on trust.
Chip
Right.
Jeff
I think that that's a big one. So we're going to start seeing lot of inflow, but it's going to take time. It's going to take time. So let's be clear. You never like when someone said let.
Chip
Me be clear, that means everything you see after that, a politician says that's not good.
Jeff
Joe ETFs are magic. They are infra.
Chip
No, they're not magic.
Jeff
They're not magic. They are infrastructure. That's true. But when that infrastructure connects regulated capital to digital assets with real world utility, it is a big deal. Not hype, not YouTube fanboy589 speculative hype. It's economics. But it is a big deal. And that's real money, real world. And when you get Main street entering into crypto, that's the big deal right there. So that's the real story behind any future XRP etf. It's not a moonshot. Don't get your moon glasses on. Are you moon goggles. But it's a, it's not just a milestone. I think it's a major milestone because it's mainstream recognition of the asset. They've already recognized Bitcoin. It's not going to be speculation that it gets going to be full integration. Then the people that invest are going to be speculating. You buy an XRPA et, you buy an XRP etf, it's because you're speculating that it's going to go up in value.
Chip
Right. More highways. It's good. It's great. It's a fantastic thread. Jack said, a great thread. It's really well done, really, really well organized. And again, man, we're just crushing it with throw things and we'll do this one and then we'll get on to the, to the Yeti song. But Wrath of Common, always bringing it. He said he's been long opposed to smart contracts on the XRP L mostly because preferring his speed and simplicity of form. That's something that David Schwartz also mentioned too. He was a little bit worried about, you know, being encumbering it so. But Wrath of Common recently, he said his opinion changed and he's going to Tell us why he says you may think differently. I'd love to hear, but here are my thoughts. He said first of all, risk. Every XRPL amendment fundamentally changes the ledger. These need testing and discussion before it becomes political. Once implemented, smart contracts would move liability and implement implementers, protecting the protocol and allowing validators to focus on stability and reliability. 3. Barriers to entry. XRP may be the closest analog to fiat, but fiat static and institutions must coordinate its movement. And the XRPL requires institutions to duplicate this coordination off ledger. This increases costs, it slows adoption. It also diminishes gains from adopting. And then you got the barriers. Still continuous smart contracts provide the coordination layer institutions need. They allow workflow logic to be used where the settlement is without building it. Again, this lowers the barriers Entry and then most chains seem to be converging on these type of features. Decentralization. Go ahead Jeff, take the next two.
Jeff
This is really good too. Man, we're getting an education tonight.
Chip
Such great, great minds.
Jeff
Decentralization. Consider too that smart contracts could lessen Ripple's influence over the XRPL in many eyes. Today, Ripple basically provides the orchestration for institutions to support adoption. And this could lessen with smart contracts. I gotta dig further into that idea on how that could really lessen.
Chip
Well, he's talking about the general market. You know how people misunderstand that Ripple only has like 3 1/2% of the nodes, so they're really out of it inside of them. Perception.
Jeff
Yeah, perception. Yep. And six, because decentralization continues, we ran out of characters. Ripple has been the driver for many amendments. Again, this goes back to the xrpl, especially the heavy ones. With a robust smart contract framework, tools can proceed independently and businesses can be responsible for their own innovations apart from ledger development. Interesting. What's his hope, Chip?
Chip
His hope is that the XRPL is optimized for fast and reliable value movement and any programmability should preserve this, preserving what makes the XRPL unique. I still think the best block incentive is no incentive. So the question is what is the minimum contract capability needed? As I understand it, the WASM based environment supports the separation by sandboxing execution. It ensures throughput and determination determinism while enabling institutions to build the logic they need without changing the ledger itself. Minimally taxing the next two.
Jeff
There's a. Now, now we're going to bring this all to a conclusion here. And this is wrath of comments speaking here. Typing. I was drawn to the XRPL because of its simplicity, a pure design. Something that drew me to it as well. Actually, I really like that idea. I've begun to see smart contracts as an important addition, not a distortion. They can offer a tool to set, a tool set to let everyone use the ledger as they need while retaining its identity. What do you think out there? Comment on his feed. Now he has a bonus philosophical ramble. For me, it helped to reevaluate notions of purity. And remember, there are no pure answers, only engineering trade offs. There are no pure chains, only chains that are more or less useful. Don't want to be the Willy Loman of chains. And man, I like it. I, I. So what do you think if this doesn't happen?
Chip
I think it's pretty good. It's a good way to look at it too because I mean, I worry about the same thing, the clunkiness of the whole thing. You know, it could burden, I mean one of the great things about the XRPL is like if you want to do stuff, you could actually do it on a side chain because you're take your, you don't want, you know, when it gets really busy. I don't know. I, I, I kind of see David Schwartz's original point of, you know, having it integral to the L1 versus doing like a side chain type of thing. But you know, we just have to wait and see, right? We just have to wait and see how this is going to go. He says also if it doesn't happen, then the adoption battle may be won or lost. But how easily orgs can overcome the initial friction. But I mean, case in point, Ethereum. What launched Ethereum was the whole smart contract. And you know when, back when, when what's his name, Vitalik, was couch surfing on Stefan Tomas, but back then he was a chief tech officer for Ripple. He was pushing the whole idea of smart contracts. We need smart contracts. And then, you know, here we are 11 years later, there's no smart contracts.
Jeff
So it didn't fit their narrative at the time.
Chip
It didn't. And then they try to do some other things with it that really never gelled. But anyway, let's, why don't we. Let's roll the video, Jeff. We're more than halfway. Let's roll the video. So banger video, guys, get ready. Turn your volume up. Get ready. This is a good one.
Jeff
This is a good one. Here we go.
Chip
Here we go. Yo, full screen, baby. Let's do it.
Yuck Yuck (Performer)
White Tribe in the house giveaway tonight. This is badassery on the chain, yo. They roll through the tundra with a yuck yup laugh Cute little killers with a frostbite draft White fur popping like a rock star show Blink too slow Catch a slow ball blow many marauders attitude loud Laughing so hard they gather a crowd Yuck.
Jeff
Yup.
Yuck Yuck (Performer)
Who's that crew? White tribe breaking on through Laughing like mad Cuteness kills, yes Badass rad clan your bring in frost bring in fire Bringing mayhem, luck White tri rowdy and rough Cute as hell but they don't give up Red for wildness, R for fight Claim your yeti winner Tonight.
Chip
I.
Yuck Yuck (Performer)
Stomp through snow with a grin too wide Little frost punks with that outlaw pride not jokers battle born Kicking up chaos in the winter storm Heat them up, nah, they stay ice cold Cute little monsters with a warrior soul White drop be set that winner P rock rap killers with them cross by punch White tribe legends wild and free Claim yours now or the yeti claim Bad asset is on the chain Built for battle Faithful legend Claim your or be forgotten Bad asset is on the chain on the chain, on the chain.
Jeff
That's it.
Chip
Damn, that was a banger, Jeff, right? Dope, dope, dope, dope.
Jeff
That version inspired by Body Count up on Saturday.
Chip
There you go. It was good stuff. It was good, as they say, Jeff, that was a really good one. I wanted to. So one of the cool things about when I was at Swell, I had looked over, I was with Santiago Velez. We were hanging out. We were at one of the Ripple Swell evening things that happened on a Tuesday night in this Spanish restaurant. I ate all kinds of great stuff. Great music, great Spanish guitar. And I look over and I hear. First I hear Santiago go, no way. And then I look over and there's John Deaton coming towards us. And he's like, chip, I didn't know if that was you. I didn't see your hair. Well, it's. It's still here. It's just. I don't have it on, you know, I don't have it. He goes, yeah, I see a. Cut your hair. So we chatted for about. I don't know, I want to say him and his girlfriend. Wife. I don't know his girlfriend. And, man, she's. She's really knowledgeable. You can see why her and John are together. But, yeah, we talked a lot of shop. Talked about stuff and talked about his announcement that he was making. And his announcement is he's running officially for Congress again against Mackie, who's been in there for 50 or 60 years. Nobody even knows who the hell he is. And who knows we'll see what happens. But it was great to chat about it, have that conversation. Before he made the announcement, I watched the announcement. It was. I wish we could play the whole thing here because it was phenomenal. But what I want to do is I want to play the video that he kicked off his announcement with. He did a. That's about 40 minutes, sort of a conversation kickoff, and it was really solid. But here is John Deaton. Here's his announcement that he's running for Congress.
Jeff
No matter the obstacle you power through, start to finish. I'm John Deaton.
John Deaton
I started with nothing.
Jeff
A broken home, battling poverty and violence, living on food stamps. But when I joined the Marines, I learned it doesn't matter where you come from.
Chip
It matters.
Jeff
Matters how you do the job before you. So I kept pushing. I came to Massachusetts, earned my degree, and built a business from the ground up with grit, determination, and hard work. Massachusetts gave me a chance, and it became my home. But our commonwealth is headed down the wrong path. Families here are struggling as home prices, energy costs, and grocery bills continue, continue to rise. Our leaders should be doing their jobs to help Massachusetts families, but they're all career politicians, and they're failing. Ed Markey is MIA Rarely seen here and rarely delivering results in Washington, a place he's called home since the 70s. Massachusetts can do better. Our leaders should reflect us. They should face down challenges with the same grand it, overcome obstacles with our same determination. Most of all, be an independent voice for Massachusetts. I'm John Deon.
John Deaton
That's how I've lived and how I'm.
Jeff
Raising her one more time.
Yuck Yuck (Performer)
Dad.
John Deaton
Oh, yeah.
Jeff
I'm winning this time.
Yuck Yuck (Performer)
Yay. I won.
Chip
You think Jeff.
Jeff
He'S rolling. He's coming back. Coming back to run.
Chip
I think he has a shot this time. Man. He's going to have support. He's gonna have a lot of big shot. I think he, you know, anytime you run, I think you learned a lot. I mean, he pulled 40 of the vote. One of the cool things that John was telling me. He's also read this on X. He said that last time 1.3 million voted for him. He said the normal turnout for a midterm election is 2, right around 2 million. He said if everybody who voted for him last time and it's a similar turnout, he wins.
Jeff
Yep, he wins. Exactly.
Chip
And they're gonna pour a ton of money into this race. I think John's gonna get some big backing this time, and I think it's gonna be great. I think we're gonna see Deaton going to Congress when they're shaking some up.
Jeff
You know he has to.
Chip
So it's gonna be. It was really exciting. Good conversation, great to talk about. It was a lot of fun to, to see him and I don't think I've seen him since we were in Australia. Jeff. I remember last time we saw each other.
Jeff
Yeah.
Chip
So it's crazy. It was a while and he also lost a lot of weight. He's real trim. He's, he's in really good shape. You can see. I could probably tell he lost some weight and his suit was kind of baggy on him. I thought like dude, you need a new suit man. You need to see those muscles a little bit. Anyway, so look at this Chef is a great story. Britain's youngest entrepreneurs leaving Britain because of labor threats. Now labor is the party over there of Keir Starmer. Two tier cure. There's always two different sides whether you're in or out. His threats to introduce an exit tax. Herman Rula, CEO of the 2.5 billion dollar tech company Improbable, said that current policy speculation meant it was too unstable, too risky to maintain residency in Britain. He is preparing to immigrate to the uae. Congratulations. All these different people here. This is all the people. The Resolution foundation, the center for Analysis and Taxation, the ipr, the Institute for Public Policy Research and the nef, which is the New Economics foundation and the ifs, which is Britain's leading independent economic research institute. And the rest of tax raising blob on the success of your campaign to force successful entrepreneurs out of the uk. They're not really thanking them, they're kind of giving them some business. But there he is. There you want. There you go. You got a Great young entrepreneur, 2.5 billion pound company which is more than the dollar. And he says I'm leaving because, because the threat of an exit tax. Can you imagine they're gonna say an exit tax. Any company that leaves, you're going to be severely punished. He's like, well I'm out. We know what's going to happen if you're floating that idea. We're out before he could even put it through.
Jeff
That's it. Done. So the question is how many people are going to follow in his footsteps because things are getting really challenging over in the uk. So just like New York City's about to see, we're gonna have tons and tons of people fleeing New York City. The realtors phones are ringing off the hook in South Florida and I'm sure Texas and I'm Sure.
Chip
Better ring off the hook some of the states. By the way, Jeff, the condo has more showings in the last week and a half since the election than it has in the last month.
Jeff
Interesting, no? There you go.
Chip
There you go. I have a condo for sale here at Boca. It's my dad's place. My dad is departed the earth and so now my brother and I are selling the condo. So I talked to his friend who's our. Who's the real estate agent. He's like, yeah, we had lots of showings. It was. It was pretty crazy. So pretty insane. But this is. This is Improbable right here. And it's a. They're a venture builder. So their model. This is. This is the. This is. Who's leaving? This is probable. Oh, improbable. Yeah. This is the tech company.
Jeff
Is it improbable that he leave?
Chip
That's not improv. I think that's a kid. I think that's a given right there. Welcome to Improbable. And then someone has to write like one of those things like, we're moving, you know, like a thing over here at the moving van, you know, we're out of here. See you later, suckers. 2.5 billion pound company out. Well done here. Starmer's such a douchebag. Such a wanker, as they say over there in the uk. Oh yeah, he's a way. He's a wankadoodle do. He's a wankadoodle do. Yeah, Wanka doodle too. What the hell? Wanka doodle do I Wanka doodoodle doo. I wanted to play this clip too. This was a. Sheesh. Burla. We teased this one in the beginning too. But here's a she. Why did I choose xrpl?
Jeff
Answer that question. Well, one, I really believe in this.
Chip
Future that the world is going to be.
Jeff
The financial world is going to be reformed and there's going to be a revolution. And that revolution is going to start on a blockchain. And it's spurred by that innovation around the blockchain. And early on, the XRP creators decided that they wanted to build a blockchain that was optimized for financial use cases. This is back in 2012. Maybe that's mainstream now, but this is back in 2012 to create an ecosystem, to create a technology that's optimized for payments, that's optimized for tokenized assets. Today we call those real world assets, or RWAs. But the ability to have these equities, real estate. And so Forth tokenized and available for the world on a blockchain. That's what the XRP ledger and supporting.
Chip
Technologies are good for. Right on. So he said he would do the podcast. He's going to come on the chain. We just got to figure it out, get it scheduled. So we'll bring him on here. We'll talk about a lot more stuff. We'll have a little bit more. A little bit more fun. What is the mission of the company? Dalmatian of the company is, you know, we're not going to do that type of.
Jeff
No, we don't do those. We don't do those kind of interviews.
Chip
We're not good at those anyway.
Jeff
We have fun. We have fun here.
Chip
We're not gonna do those interviews. We can. We're just not going to do it. We're not going to do that.
Jeff
Yeah, yeah.
Chip
Let other people who are really good at doing those interviews do it. It's not us.
Jeff
So generic. They don't have a green screen. But real. That's right.
Chip
Lame.
Jeff
Too lame.
Chip
Like our lame backgrounds. Are you talking about Sir John? Are you talking about the same lame backgrounds? We haven't.
Jeff
Where'd you put your lemon tree?
Chip
The lemon tree wasn't doing well, Jeff. I don't think it's going to make it, to be honest with you.
Jeff
It's gone. That's it.
Chip
It's. It's not doing well.
Jeff
More lemon tree. Lemon tree.
Chip
I'm not saying no more. It might come back. I'm just saying it wasn't doing well. I had to. I needed some love. I needed to get some sun. It just was Diana. A very sad death. But you remember Ozzy Osborne. We lost Ozzy Osborne. So Jack Osborne shared this on their podcast. They have a podcast? They do. And listen to this.
Jack Kennedy Jr.
I mean, should we.
Jeff
Should we play the voicemail?
Yuck Yuck (Performer)
Yeah.
Jack Kennedy Jr.
Not saying who it's from. Everyone.
Chip
So after. As he passed, I got a. They got this voicemail, and of course you find out who it is, but they got this voicemail. And about Ozzy's passing, everyone will know. Hi, Sharon, it's Donald Trump.
Jeff
And I just wanted to wish you the best. And the family of grateful Ozzy was amazing.
Chip
He was an amazing guy.
Jeff
I met him a few times and.
Chip
I want to tell you he was unique in every way and talented. So I just wanted to wish you the best. And it's a tough thing. I know how close you were and.
John Deaton
Whatever I can do.
Chip
Take care of yourself. Say hello to the family. Thanks.
Jeff
Bye.
Jack Kennedy Jr.
Love him or hate him, he didn't have to call and leave a voicemail.
Chip
Listen, when it comes to politics, we know nobody comes out a winner. Ain't that the truth? Especially if your newest Keir Starmer. Then you're an absolute. You got a loser tattooed on your forehead.
Jeff
Douche.
Chip
And you're a douchebag. A douche. Rama. It's a good thing we're not doing the show in the uk, Jeff. We'd be banging on the door. Hello? Is that what we're modding your podcast?
Jeff
OTC backgrounds are great because there are others just have lame backgrounds. That's right. Oh, yeah, they have bad backgrounds.
Chip
That's right.
Jeff
Hey, Chip, how many. How many of these words rigged have shown up on our account?
Chip
I haven't even initiated it yet. Jeff. I'll be honest with you.
Jeff
All right, time to initiate.
Chip
I guess I have to make it rigged, since that's what's showing up.
Jeff
So it's rigged. Rigged.
Chip
Three. Three, if you want to know.
Jeff
Three. We need a whole bunch of rigged.
Chip
We're gonna just. Rigged rig if you want to wear in that badass yeti that you heard on that badass song. So we got four. All right. I think you already did it. So you're still there. Double rig. No. Only four in there.
Jeff
Double rigged.
Chip
Yes. Just tell me what you want. What you really, really want. Yes, I'll tell you what I want. What I really, really want.
Jeff
Okay, so there he is right there. Who know badass that guy is. That is. That's a yuck. So the yuck yucks were added strictly for the comic relief.
Chip
That's it.
Jeff
That's what the yuck yucks. They're. They're all comics. They're jokesters. That's. That's their. Their whole point of existence. Look at this. I thought that was, like, a little turd or something. It might very well be a turd.
Chip
Pine cones, dude. Those pine cones.
Jeff
Those are pine cones. I don't know about that. Maybe that was a husk of a pine cone. See, the. The husk of a pine cone or. Or a really big badass yeti turd.
Chip
I don't know what it is, man.
Jeff
It was one or the other. I think it's a pine.
Chip
So, Jack, do you know who Jack Slosberg is? Do you know who this guy is? Jack Slosberg.
Jeff
Let's see him.
Chip
He is jfk. John F. Kennedy's nephew. And he is. He is running for Congress, but he was on this podcast, and this is what he said about his uncle. That's what he said about his uncle, RFK Jr.
Jack Kennedy Jr.
There's anything anyone can do to change what JFK, my grandparents, my mom, my Uncle John stood for. Nobody's that powerful. But RFK Jr. Is a dangerous person who has making life and death decisions as Secretary of Health and Human Services. And you don't just have to take my word for it. Now we have an actual record to go on. He has cut a quarter of the people who work in his age agency. He fired all the vaccine experts on the panel and replaced them with anti vaxxers. He's cutting funding for life saving research cancer patients, giving them their last hope. And people should know. I mean when he's not making infomercials for Steak n Shake and Coca Cola, he's spreading misinformation and lies that are leading to deaths around the country. There's a measles outbreak in America right now, higher than it's been in 40 years as a direct result of what he's has done. Do you think your cousin is profiting.
Chip
Off of his position in the Trump administration?
Jack Kennedy Jr.
This brings us back to the corruption crisis that we're in. I don't think it takes a genius to know that the Trump administration is the most corrupt in American history. And I don't know who's paying him.
Jeff
Where they pull the other at.
Jack Kennedy Jr.
He's saying isn't making anybody healthier or safer and that the American people should know when he barks who's actually talking.
Chip
He's such a. Such a douchebag, right? He's such a tool. He's such a douchebag. Well, here he is making fun of Melania.
Jack Kennedy Jr.
Dear President Putin, every child shares the same quiet dreams in their heart. Whether born randomly into nation's rustic countryside or magnificent city center, they dream of love, possibility and safety from danger. As parents, our duty is to nurture next generation hope as leader. The responsibilities to sustain our children extend beyond the comfort of a few. Undeniably.
Chip
We can't listen to this anymore, but anyway, this is him. You want to see that?
John Deaton
Really?
Jeff
Yeah, that's, that's.
Chip
You want to see another clip of them?
Jeff
She's got a ticket to rain she's got a ticket to ride but she.
Jack Kennedy Jr.
Don'T care.
Chip
What I mean. Way to destroy a Beatles song, by the way.
Jeff
All right.
Chip
He's got a ticket to ride she's.
Jeff
Got a ticket to ride she's got.
Jack Kennedy Jr.
A ticket to ride but she don't care.
Chip
I'm sorry, that's way too cute for me to be honest with You. I just can't. It's still. It's too much, Jeff, on these.
Jeff
Until the election, by the way, you.
Chip
Want to know who? See, he's. He's up for somebody retiring. Jerry Nadler, the penguin. The little guy that waddles and poop comes out of his butt. That dude.
Jeff
Of course. Of course they're trying to stack the deck and get another crazy leftist socialist into office.
Chip
We're getting crazier, man. Art says, no, please, no, please, no. You can do all the caps. That's very good on that, especially with that. I mean, what the hell was that, Jeff? I don't even know what that was, but he's like. He's the most dangerous man. First of all, your cousin spent more time researching this than you probably spent, you know, in school. I mean, you know, you're talking about a guy dedicated his entire life, and, man, he gets beaten up so bad by his own family. I mean, Jeff.
Jeff
I'm glad, Chad. So the. The Democrats twist every logical narrative into illogic, corrupted lies. And it's a. They create the environment. They do this every single time. Which is amazing to me. Not saying some, you know, within the Republican Party haven't done the same. The rhinos especially. But. But in this scenario, they introduced the illegal influx, right? The influx of the illegals into this country unchecked, unmonitored, unvetted. No real vaccine like the measle vaccine, you know, that gets rid of it. Not their fake Covid shots, but something with it. When they come up here complete, they bring measles with them. So. And Chad brings. Of course, it was the illegal immigrants. It's not. It's not just running rampant and. And sledfast. Also, you know, talks about vaccine. Vaccines are poisonous, right? You're re. You're introducing something into your body that shouldn't be there, especially when they've corrupted it. Look at this. And they. It's not like you get a one measles vaccine and you're done. Now these kids are bombarded with injection after injection after injection. And I was watching a video somewhere, and they were talking about two kids. Two of their kids ended up with autism because of. Because of vaccines directly related back to vaccines. So if, you know, your baby was normal, then you go, and then what? When you approach the medical community that. Do you get. Do you get payback? Are those kids now that are, you know, gonna suffer? That they now. Are they now worth millions upon millions of dollars because your forest injection has now, you know, caused them to live a Completely different life. That was because of that. Yeah. The whole thing is crazy, Chip. It really. It really just kills me trying to trigger a rant.
Chip
Mission accomplished. Mission accomplished. Mini rant. So, Jeff. So one of the things, like every day there's like a. There's like a, you know, the. There's the daily narrative that drops. That's funny. I remember that was the invert, Daily nerve, the counter. There's the 3am drop that all the Democrats get. And then they parrot the same message. They say it word for word in unison. All the influencers get it. But the new one today was. They found some. They have 30, 000 more documents of Epstein's files. And they just released.
Jeff
Where are they?
Chip
Something where one of the victims. So what they did here, it was. It was Jeffrey. The one that was. Was killed. They killed her because she didn't want her talking anymore. She was the most outspoken. But they. In this. When this particular email, they redacted the names. You're like, victim. And they redacted the name. Meanwhile, she's given testimony that Trump had nothing to do with. It was never there, all this stuff or. Anyway. But I love this guy here because he always debunks the stuff, but he does it really succinctly in a couple minutes. But watch this.
John Deaton
So update on my prior video about.
Jeff
The Democrats releasing emails trying to implicate Donald Trump with Jeffrey Epstein.
John Deaton
You guys got to stay with me.
Jeff
On this because the news is moving so fucking fast. Turns out that the emails they release.
John Deaton
Are just rehashes of what was said.
Jeff
By Virginia Giuffret, who, I will remind you, has testified multiple times that President Trump did nothing and that she never.
John Deaton
Even saw him at Epstein's house.
Jeff
See, what the Democrats did was take.
John Deaton
The exact same wording that Virginia Giuffre had put out, and they redacted her.
Jeff
Name and redacted certain details to make it seem ominous.
John Deaton
I just have to say that's fucking disgusting. Like it really is.
Jeff
Because in its original form, that stuff was never redacted. Which means that the only reason they.
John Deaton
Redacted it now was to create a.
Jeff
Sense that Donald Trump had done something because they.
John Deaton
They redacted it.
Jeff
Wasn't the FBI or the Department of Justice or some lawyers.
John Deaton
No, they intended intentionally redacted certain things to create problems.
Jeff
Which means the Democrat Party is so desperate and has no evidence of Donald.
John Deaton
Trump doing anything wrong that they are.
Jeff
Now modifying prior emails and prior evidence to lie. Guys, let's be real about this. That's beyond fucked.
Yuck Yuck (Performer)
Up.
Chip
I mean, they're just so. Everyone's so. I even saw a clip where Fake Tapper was saying there's an emergency meeting to deal with this in the. In the Situation Room. What's wrong with these people, Jeff? They're insane.
Jeff
Sir John is saying that. That. That. It says a morphin, but it's actually more Pierce Morgan.
Chip
And I saw that where he apologized.
Jeff
He had to apologize to Djokovic, you know, and you think about. Because he wouldn't take the backs, and then they. They bashed him. They wouldn't let him play, which is insane. He's on his side of the tennis court by himself, and they wouldn't let him play. The level of. Of. Of corrupted behavior was on a different level. The way people changed. People reached the. The lowest of lows. The evil in each person just revealed itself. You know, it was amazing what. What neighbor was willing to do to neighbor. And in a scenario like that, you know, I mean, you're looking at all these sports fan, tennis fans, and they're like, nope, you're out. You're not coming in. You can't play. We're not going to let you play.
Chip
It's horrible. It was ridiculous. I got so much pushback on. I got a bunch of. From people, man. Here's John Fetterman. John Fetterman is. I mean, he's like one of the. He said that makes too much sense to Democrats. But here he is talking to Dana Bash, who, let's face it, she's not exactly. She's a little bit, you know, missing a couple things, but here he is. Quote, I've drunk deeply of the venom.
Jeff
Of both the left and the right. As a connoisseur, I can confirm that.
Chip
The most poisonous, the bitterest, is from the far left.
Jeff
God, I love this guy.
Chip
I love this guy.
Jeff
Where did he come from?
Chip
How do you remember what he was before he had the stroke? After the stroke, his brain healed. This is amazing technology. That is pretty remarkable to hear you say that. No, no. She just can't believe this. And there's another clip of him getting lectured by the girl on the View. Like he needs a. He's sitting there the whole time, and he let her have it. But look at Dana Bass. She can't believe. Oh, my. As an elected Democrat. Why?
John Fetterman
Yeah, yeah, yeah. No, you know, it's been. It's just been my personal experience on this thing. And when I. I asked my digital team, I said, you know, you're. We're on all the platforms, you know, really what's. What's kind of the harshest? What's kind of the most personal? And the answer was immediate. He said, oh, Blue Sky.
Chip
Blue Sky. Now that's the world. The devs went. Remember, they went to Blue sky because it's really pretty much almost a liberal haven, right? So now she. Look at the look on her face. She cannot, she can't. She doesn't know what to do with this because she doesn't believe it. Number one, Blue Sky.
John Fetterman
And the difference is, I mean, the right would say really rough things and names, you know, some names I won't. I won't repeat on, on tv. But, but, but the, the on the left, it was like, they want me to die. Or that we're cheering for your next stroke or that's terrible, that depression. Why couldn't it Depression one and I hope your kids find you. And maybe they even have like the graphic a gift where they have like a stroke, you know. You know, in your head.
Jeff
Yeah.
John Fetterman
And. And they said that. I remember one. They claimed, oh, the doctor let us down. And why did they have to save his life? I mean, just really, like, I just can't imagine she are. Are wishing, you know, you wish he dies or I want him to die, you know, literally cheering for. For a stroke. And I don't know what the kind of a place where that comes from. I mean, that's, that's much different than just call.
Chip
Oh, I know. Yeah, I know. It's called mental illness. It's called mental illness. That's what it calls me a name.
John Fetterman
You know that. And that's, that's really been consistent, you know, in that community online.
Chip
Call them names. It's on the diet. This is unbelievable. She cannot believe it. Jeff Fetterman is something else. I used to hate that he wore the hoodies. I think I'm starting to like it now because he's so odd and different. He's such an oddball. You know what I mean? He shows up in Congress with a hoodie on. I mean, I don't think anybody's ever broke decorum with, with their, with their attire. Jeff, this is a first, I think.
Jeff
You know, just a little bit of decorum on the floor of the Senate, you know, or the, or Congress, you know, but everything else, who cares? You know, he's doing all this. He's knowing that's his thing now, you know, so that's what everyone knows them for. Chad was saying the previous administration knew that. That Ivermectin was effective in March of 2020. They did everything. It's cheap, it's effective, it's easy to get. And they did everything they could to make sure that you couldn't get it. And they banished it, mocked people, which was horrible. Surgeon said, you know, Morgan acts like they were given false information. Journalists that they were just. Yeah, if they want to claim that all they're doing is reading, but they're supposed to be journalists that were supposed to study. If all of us, if all of us could figure it out, if we could talk to the right medical people and the right scientists, then these douchebags can do the same thing. This is how you know that they could give a crap. They make millions of dollars, they could give a crap about the information they disseminate. They know it's wrong, they know it's bad. They know that what they say causes leads to violent act and, and all sorts of horrible things that have occurred because of journalists, because of the tensions that, that they foment, but they refuse to take any responsibility for the lies. As soon as you spread lies and misinformation online on a national scale, international scale like that, cnn, etc, you know, these guys, the stuff that they spew on their channels, the way they twist the, the information and all the other three letter agency, you know, three letter. Not agencies, but channels, you know, they're all, they're all, they're all guilty of the same.
Chip
Yeah. MSDNC and, and all that. They changed their name and nobody even cares what the new name is. Jeff, do you know who Pat McAfee is? He's a. He's a football guy. He's a sports football guy. But he was doing a show. Listen, now just wait for it. Wait for the end because this is how you do it. This is exactly how it's done. This is a mini clinic at the end here. Here it is.
John Deaton
They obviously we had the incredible honor of being down on Parris island for Veterans Day is all four of the main league's commissioners dropped a note to the veterans letting them know how much we appreciate them. UFC President Dana White sent a message of appreciation and gratitude to our America's heroes. We also had the Secretary of Veterans Affairs, Doug Collins, who sent a message to the young vets out there. And we also had the commander in Chief on the show live. I believe it's the second time that a sitting president has been live on an ESPN show. The last one was from a Democratic political party, this one obviously representing, I guess the Republican political party, but in my eyes, he's the leader of the military. And we were celebrating the hell at a Veterans Day. Now, there are people who are certainly not the most happy that that happened. But what I would like to say, every veteran military person I talk to is very grateful and thankful that we spotlighted the heroes of America who walk amongst us, who are willing to sign a line and go for the United States of America as opposed to anything else. So if you're against what happened yesterday, I'd like to say you hate the troops and you should go ahead and swallow that and you can take that to where you want to go. And any president, any, any president, okay, willing to come on our Veterans Day celebration Spotlight show, Commander in Chief, head of military, we would be very open to. So we would like to let any president know going forward that if we were allotted the opportunity to go to Parris island for the first time ever and have a live show in front of actual Marines while they're doing their thing, and if we're going to celebrate Veterans Day and we're going to have all four of the commissioners, the heads of every single league in the United States of America, basically, and also have the president of the UFC Global thing come on and the sergeant Major of the Marines, if future presidents, you always be welcome.
Chip
Boom.
John Deaton
Also was missed. I did reach out to President Obama's team. Okay. President Obama talked to multiple people in President Obama's team. Wasn't able to work because of the quick turnaround. We started this thing on Monday because there was a lot of conversations late last week about this show getting not gonna be allowed. There were some people in the government, obviously. I found out about this very late that said, wait, he's gonna be allowed to be on Parris Island? We're in the middle of a government shutdown. There's no way. Is any other show allowed on any. Is any other show allowed? No. Well, why the hell is this guy allowed? So end of last week, there was a lot of doubt, you know, and I completely understood the doubt. I thought it was crazy that it was even gonna potentially be happening. Anyways, so once we come, got the clear and the go ahead and the stage was built on Sunday on Parris island in front of that beautiful Iwo Jima statue. It was an incredible thing. As soon as I found out that it was real, then I started piecing the show together because I had no idea if I was just going to be wasting my time doing it before then. So everybody that responded within 12 hour period, I am so incredibly grateful for and we are so lucky that we got a chance to spotlight the greats who walk among us and we appreciate. Appreciate the hell out of the Marines for the hospitality. And you guys are the greatest. What a day.
Chip
Yesterday. Oh, yeah.
John Deaton
What a day yesterday. Got a lot of people saying mean stuff to me. Got a lot of people saying mean stuff to me. Yep. Got a lot of people that don't know what a football looks like telling me they're never watching my show again. And I would like to let you know. Good. You. Let's move on.
Jeff
I love that. Good.
Chip
Pat McAfee says. Good fu. Let's move on.
Jeff
People are so stupid.
Chip
So stupid. Shut up. I'm so tired of these people. They're such.
Jeff
Exactly.
Chip
Such whiny little. Yeah.
Jeff
Nothing substance in their life. That's why they just.
Chip
They do it. We've got five people. This is going to be a great chance to win. Go ahead and play that banger again, Jeff, while we type in rigged. Guys. R, I, G, G, E, D. Type in rigged. Do it, please.
Jeff
We're kind of missing that in.
Chip
The guy talks faster than Jeff.
Jeff
That's right. You gotta get it going when you get the rant going. Rigged.
Chip
We have six, man. This is. This is no more giveaways unless we can get the 10. That's it. Cash velocity says I got. I'm in for seven. James. James is in for one. James Moore, he's in. He's at number eight.
Jeff
We need two more more. Come on, two more.
Chip
Well, let's see. Roll it. And when we get the. We get that in there, Jeff. Let's do it. Ready?
Jeff
We're not. Not even asking for anyone to annie up either. It's like, come on. Gotta kick in, like 10 bucks for the drawing.
Chip
We have eight. Eight entries. Pat McAfee is tremendous. Let's do this. All right, I'm gonna remove this. Let's go. Let's roll it, Jeff. Here we go.
Yuck Yuck (Performer)
White tribe in the house Clan yuck yuck on deck Giveaway to night night. Get your record ready. This is badassery on the chain they roll through the tundra with a y y laugh Cute little killers with a frost by draft White fur popping like a rock star show Blink too slow, catch a snowball blow Many marauders attitude loud laughing so hard they gather a crowd who's that crew? White tribe breaking on throat laughing like mad Coolness kills yes Badass rad clan your cure bring in frost bring in fire bringing mayhem, luck White tribe rowdy and rough cute as hell but they don't give up Red for wildness, red for fight Claim your yes ready winner tonight they just stomp through snow with a grin too wide Little frost punks with that outlaw pride not jokers battle born kicking up chaos in the winter storm Heat them up nah they stay ice cold Cute little monsters with a warrior soul Duck hit at last your knees gonna weak White tribe be set the winner clan your rock rap killers with the frost five punch White tribe legends wild and free Claim yours now or the yeti claim badass yet is on the chain built for battle faithful legend Claim yours or be forgotten in that is on the chain on the chain.
Chip
Baby. Talk about our badass merch.
Jeff
We need to talk about some badass merch. I don't know where it's at. Where's the badass merch? I thought I had it posted here. Too.
Chip
Badass.
Jeff
Some of the new badassery.
Chip
We go. Share the screen and let's do it. Here we go. There it is right there. We got the badass hoodie right there. Oh, yeah, there you go. The badassery logo on the front. Big old badassery on the back. And of course, we got the cool hat. Look at that, man.
Jeff
I'd save some of the products. I don't know. I listed them.
Chip
At the end of that.
Jeff
I love it.
Chip
Of course, there's other stuff too, like, you know, ripple strikes back. We got a bunch of those hoodies, which are great. Even comes in women's. Look at that. Return of the x. E. Man. All kinds of cool crap on the chain. I'll drop it in there on the chain. Dot shop. There it is, baby.
Jeff
I can do this. Let me see. Can I just drop it? Do I pin it?
Chip
Check this out right there. Chad said he wore his hat to play golf. Retired firefighters loved it and bought one. Badassery. They're like, who's this badass right here? Look at this. They're like, damn.
Jeff
Oh, yeah.
Chip
Nothing's cooler than a flaming skull right there. Number one. I mean, it really just doesn't get any. Badassery is the best, by the way, if you're. If you're wondering, this is the hat that Chad's bought. He was one of the. Actually the first people to buy there. That's what it looks like on the front. That's what it looks like on the back. It's got the badass right on the back. There you go.
Jeff
You need to get the dot. IO people would be like, where do I buy it go to?
Chip
Well, have to go to IO and then go to Badass.
Jeff
Oh, yeah, that's right.
Chip
That's something good we have to add to the website.
Jeff
Yes.
Chip
Which is good to know. Which is good to know. Beautiful. And that's got the beautiful strap stickers instead. He has a cool, unbiase, a sled. Fast. Oh, yeah. Love it. Badassery, baby. Badassery.
Jeff
All right, Osman.
Chip
Well, the magic number is 10 and we have arrived, Jeff. So if you queue up the music, I will get ready to pull the trigger for a rig competition. No matter who wins, it'll be rigged. Always going to be rigged. There's never going to be anything less than rigged. There we go.
Jeff
Taking the drawing for. So here we go.
Chip
Here we go. Let's pull it. You gotta get yours off there. I can't. I can't edit without you. Remove it. Move.
Jeff
There we go.
Chip
There we go. All right. Here, Pull it. Sam Smith. Sam Smith, are you here? Sam Smith. Stout.
Jeff
Destiny theory rigged. Is Sam Smith in the room?
Chip
You have to be here to win, baby.
Jeff
Sam Smith in the room. Because if Sam Smith is here, Sam Smith wins.
Chip
I will have to tell you that I do love Sam's ale. I do love his oatmeal stout. Have you ever had this, Jeff? This is great. Sam Smith's oatmeal stout. You ever had that?
Jeff
I have.
Chip
It's not fantastic. Oh, that's wrong. You have not had Sam Smith. Man, that's so weird. Where's our thing? Where the heck is it? Here we go. There we go. Sam Smith. Sam, you have to say you're here. Sam says he's here. Send us your common wallet. We will transfer that Yuck yuck. You'll be the proud owner. That badass yeti. Yuck yuck tribe white. So white tribe. A yucky clan. So that's what we need. So, Jeff, we're gonna have to go. I was gonna set the timer, but he's already in here. So we don't have to set the timer. What we have to do though, Jeff, is we have to go to probably YouTube because we won't see the actual.
Jeff
I'm trying to do. I accidentally closed the chat. Now I'm opening the chat now. I'm in the chat. There we go. Sam Smith. Is Sam Smith here? There's Sam Smith the yuck yuck. No, I do not. I don't have a wallet address yet, but I see that Sam Smith is in there. I'm scrolling through, looking to see what happens.
Chip
So far, nothing either. I don't see it either.
Jeff
Go into top chat. Drop your x Handle Sam Smith. Make sure you get your Zaman wallet. Your Zaman wallet with an X.
Chip
If you have a Joey wallet, Joey wallet works as well. Oh yeah, that's Joey Joey or Zaman.
Jeff
Joey Joey or. There you go.
Chip
I'm gonna see how long the delay is here.
Jeff
So look at that schedule your live to switch to members only. We do a members only stream here. That'd be only members could join Sam.
Chip
Sam. Maybe a rookie.
Jeff
Sam Smith.
Chip
Sammy said if this is the first time it might take some time. So I'm gonna see when. Okay, you just drop that. One, two. Okay, that's immediate. When we drop something it's immediate.
Jeff
Okay, immediate dropping it.
Chip
However you're dropping all those cool things in there, Jeff, which why that's coming up immediately. But when if somebody else put a comment I'm going to time how long it takes it to show up on our stream. The lemon see. What do you got here? What's the deal? Someone drop a comment. Not you. Stop dropping those. I'm gonna try to. Chad just dropped on one two. Oh. Why is this instant now all of a sudden? It wasn't instant before. There's no delay and I'm saying I've.
Jeff
Not seen anybody else commenting. That's the problem. There's no. It's almost like it just came to. To a slow screech.
Chip
Oh it's. It's almost. When they comment it's almost. There's no delay. Jeff. We thought there was always this delay about much time bought much. Let's see what else is that?
Jeff
That Suzanne is.
Chip
Damn.
Jeff
It's still by als.
Chip
Okay, one, two. Okay, it's about. It's about a one and a half second delay. Yeah, we need. Sam, we need to see your Sam.
Jeff
Smith doesn't present it.
Chip
Sam, you gotta communicate to us. Sam, what are you doing there? We need. We need your zombie wallet address. We don't have it.
Jeff
Did he say he was trying to find it? Did he comment other than.
Chip
Yeah, not that Sam Smith. I'd rather go with the Sam Smith. That makes the old style.
Jeff
Well, you know what the. You know what? You know what the rules are. No Zaman wallet. You have 30 seconds. What do we. What do we say? Six?
Chip
Somehow I froze, Jeff. I don't know what happened, but I.
Jeff
Froze and then that's it.
Chip
You still hear me or no?
Jeff
Yeah, still hear you.
Chip
That's weird. How did I freeze?
Jeff
You froze.
Chip
My browser's acting up. I can't even get out of here. Holy cow. This is weird.
Jeff
Stuck.
Chip
I don't know what else.
Jeff
All right, He's a newbie, doesn't know about the wallet or the X handle. So the first thing is we need the. Definitely need the X handle. We're gonna have to re roll this bad boy here in a second. Go back over here checking out. I. I haven't seen any other comments from Sam Smith other than, hey, he's here. Doesn't realize that the win is the win. Chip was controlling the thing, so I might have to back back. All right. Re roll this bad boy because. And this gives people. Anyone else who's out there that wants to join has a chance to join right now. You just type in rigged because it was rigged and you have another chance at this. At this victory.
Chip
Correct, Jeff. All right, here we go, guys. Winner, MrNK85. XRP to the moon.
Jeff
XRP to the moon. Look at that shirt.
Chip
XRP to the moon. Cute kid.
Jeff
All right. All right, Mr. Nk. M r n K. John Doe.
Chip
It's not Yeti, it's rigged. R, I G G E D. Sorry you missed it.
Jeff
Look at that MRNK. Rick got it in at the last second at 9:33.
Chip
Wow.
Jeff
Finally, my first win. Look at that, a win. That's awesome. We love it. Love it. And now you know what that means. Joey wallet or Zaman wallet? It's one or the other.
Chip
Yep. Tell us you're getting it. Yeah. All right, dude, first win. There you go. Beautiful. XRP to the moon. Badass Yetis on the chain. It's a beautiful thing, man. All right, let me take this off. Beautiful. While we're looking for that, guys, let's do it. Let's check it. All right. Check, check.
Jeff
Mr. N.K. 85, we need your Zaman wallet for your Joey wallet.
Chip
Zman. Finally, first win. Let's go. Well done. Getting accolades. Good for you. Look at that.
Jeff
That was awesome.
Chip
Done. Here come the bots, guys. They're bots. Blog them.
Jeff
If you guys can do it.
Chip
I got block them. Who. Do we have any. Do we have any admins in here, Jeff? I don't know. I don't see a whole bunch of admins. All right, admins, you guys do your work. Click through three dots.
Jeff
Sir John. I guess we don't have a lot with just Chad and Sir John, apparently. Oh, and Charles, we need to make some more admins.
Chip
Yeah, you can post it on X. If you rather DM it to us, you can do that too. If you want to DM it to one of us. Just let us know which one in.
Jeff
Here if you want to just throw it in here, that'd be great.
Chip
If you don't feel comfortable doing that, that's fine too. If you want to, you can throw it in here. Other otherwise you can DM us. Yeah. And if you want to DM it to me, I will give you my. Here we go. If you want to DM it to me. There you go. Just click on that. Click on dm.
Jeff
I didn't even see that. Oh, there it is. That took a little bit. Then he has to follow you and.
Chip
It'S like a whole surgeon says he's here. Well, you didn't win, dude. I'm sorry to tell you. That's Velocity says he's here. Don't post it on X now. You don't post it on X. Don't post it on. Actually post it either in here in this chat or you can. If you don't feel comfortable doing that, you can DM it to me on X. Which I gave you the X.
Jeff
So just get rid of those bots. The other bot, Autobot.
Chip
And the bot. Sir John. Come on, Sir John, step up. What are we doing? What are we doing? Do we have it, Chad?
Jeff
No, we do not have it yet.
Chip
Chad feels the power. You got the power. You have the power.
Jeff
Mr. N.K. 85 trying to get his Zaman wallet address to post over here. What else do we have to play in the meantime?
Chip
This is a great one right here. I've got. This is a. This is hilarious. I lost. I lost it. But this is good, by the way. This is good.
Jeff
Check your act chip.
Chip
I'm checking it now. I don't have. I don't have a dm.
Jeff
No dm.
Chip
No, he didn't DM it to me. Maybe he posted it on X. Don't see any notification. I don't know what. Where you posted it. If. Do you know how to DM somebody? You think you need to DM me? Yeah, double. Where'd you send it to? I don't have it on the messages. I have my messages up. I don't see it. No new messages did not arrive. Did you post just generally on X or. I don't even know what your handle is to look for it. Oh yeah, is it.
Jeff
What's your and key X handle?
Chip
No, I don't have anything from you, Sir John.
Jeff
Don't. Bad, Chan.
Chip
Cmr. It's in there, Jeff, so just grab it.
Jeff
I know. All right, we'll grab it in there. Hang on. Give me one second to make my way back to the YouTube. There it is. Wait, I don't see it. Hang on top chat. I see it. There it is. I'm grabbing it.
Chip
Beautiful. While you're doing that, Jeff, I'm going to go ahead and I'm going to play this. This is Trump at the Syrian president. Listen carefully what he says here. It's funny. So he pulls out his Trump cologne. Look at this. Starts spraying Syrian leader.
John Deaton
It's the best fragrance.
Chip
Come here, look at this. This is too much.
Jeff
Okay, just take that, Joe.
John Deaton
Put it in.
Jeff
And then the other one is for your wife.
Chip
How many wife? He says. How many wives? He says to him. He says, just one. Okay, one. This is the best. I mean, Trump is the best. There'll never be another Trump, dude. This is a.
Jeff
And then the other one is your wife. Give the other one to the one. All right.
Chip
Best time ever.
Jeff
All of them were in Syria.
Chip
That was very good.
Jeff
Very good right now.
Chip
1. I'll tell you, he's just too much, man. He really. He really. He's having the best time ever, dude. Who would get away with saying that? How many wives? One. Just one or two? One. Two. One. The other one's for your wife. How many?
Jeff
And then he said, you never know.
Chip
You never know. God Almighty. Is that some funny. Grab some steaks on the way out. Yeah, grab some steaks on the way out. Hey, Syria. It's just simply use cologne. He's trying to tell him something. Chat. That was weird. Anyway, guys, that's it. It's all the time we have. We're gonna get out of here. Went a little long tonight, but sometimes that happens. And we'll see you guys on the next one. And, Jeff. Oh.
Jeff
Are you down with otc?
Chip
Please, like, subscribe and click the bell.
Jeff
To be notified when the next video drops.
Episode: XRP ETF Launch, Evernorth’s Warning & Trump’s Geopolitical Domino
Date: November 13, 2025
Hosts: Chip & Jeff
This lively episode of On The Chain centers on seismic news in the cryptocurrency and blockchain world, with particular focus on the long-awaited launch of the first XRP ETF (Exchange Traded Fund). Chip and Jeff dissect the implications for XRP and the broader digital asset market, examine significant developments in crypto banking regulation, and analyze ongoing geopolitical shifts—with pointed, often satirical commentary on U.S. and global politics. The discussion is rich in crypto analysis, mainstream adoption themes, and the current interplay between regulation, innovation, and societal narratives.
Timestamp: 00:01–25:24
Timestamp: 03:31–10:25
Timestamp: 11:07–13:02
Timestamp: 20:41–21:14
Timestamp: 17:39–19:58
Timestamp: 44:38–34:10
Timestamp: 15:24–34:10, 43:08–62:20
Timestamp: 38:26–53:05
Timestamp: 34:35, 71:28–73:50
This episode marked a “watershed” moment for XRP, as the first spot ETF brought institutional finance to the asset. Chip and Jeff methodically separated the facts from the hype: while ETFs validate asset legitimacy and ease access, they don’t instantly change tokenomics or market fundamentals. Regulatory and political narratives unfold in both crypto and mainstream spheres, as industry pioneers, technocrats, and ex-politicians vie to shape the future. Through it all, the OTC hosts keep things irreverent, deeply informed, and always anchored in community engagement.
For more details, check out the full podcast or join the community for further discussion on their YouTube channel.