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On The Chain - Blockchain and Cryptocurrency News + Opinion
XRP Explodes: $200M On-Chain | Trump Signs Big Beautiful Bill
01:33:31
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- [00:02]
Jeff
Welcome to on the Chain. This is Jeff here with co host Chip. What's going on, Chip? What's going on, everybody in the on the Chain community? We've got a pack show for you guys today. XRP making massive moves. You heard that? $200 million in real world assets coming on chain somewhere down in Latin America. We'll get into that. And Ripple continuing to expand deep and deeper into Asia. A new accelerator over there in Singapore. RLUSD going parabolic. That's right, parabolic. Maybe it's going to be the one and only. Is it going to replace every other stable coin it's doing away with XRP as far as Ripple is concerned in terms of their needs and financial institution need. But we're going to dig more into that and we're going to keep digging into that. Meanwhile, there's drama in the XRP community as one of Ripple's own. Jump ship to go to the XRP Cafe, something like that. We got to get into that. But there's more, Chip. There's always more. Because on the political front, guess what happened yesterday. Trump signed the big beautiful bill. That's right. It was big. It was beautiful, it was bold. And the Democrats are crying lots of tears, Chip.
- [01:18]
Chip
It's awesome.
- [01:19]
Jeff
SCOTUS with some big major wins. So, Chip, what I recommend is that everybody grabs their badass yeti. Coffee gets ready. Get your XRP bags stacked in the corner because we're going in. We're going to dive into the shallow in head first.
- [01:36]
Chip
I think we need to. Let's go for a match.
- [01:49]
Jeff
Let's go, let's go.
- [01:50]
Chip
It's very short open. Short open. Quick show. Both of us have to get out of here on time today, so we're gonna make the best of it. Okay, let's drop where you're coming in from. Where are you coming in from? The world. The purple fair. The purple ferret is back. I know you left Copen League. There you go. Hello from Copen Lake. Good morning. Zober's in there, Joe. Boycotting. Impossibly. You cannot voice. It is not possible, man. That is not possible, man. No can do.
- [02:26]
Jeff
Okay.
- [02:26]
Chip
No can do. I can't get over that.
- [02:29]
Jeff
No can happen.
- [02:30]
Chip
No can do.
- [02:31]
Jeff
What can happen?
- [02:32]
Chip
I can't go for that. Oh, whoa, whoa. All right, let's start off with. Let's start off with this story. This is interesting. We've got. This is Eric Van. Eric von Mittelberg Mittenberg. He is the. Otherwise known as the EVM sp, SVP of the strategic initiatives over there at Ripple. We'll start off with this one here. And he basically said that he was this, look, there's not a lot of four reposts and 15 likes. It's not a lot. I don't think anybody knows who this guy is. I have him on my Ripple. I have a setup. I set up a special thing on X for a list for all the Ripplers and I go through it. So he was in there, enjoyed, he said he enjoyed sitting down with Blockhead's Blockcast which is their, their podcast, what they call the Blockhead to discuss Ripple's evolution from cross border payments to enterprise infrastructure. We covered mergers and acquisitions, growth opportunities, how we're building real world utility across finance. And here it is right here, Blockcast 68. This was the podcast latest episode report from Apex 2025 in Singapore. And this episode they talked about host Takoshi Taka, Takasoshi Shibiyama interviews Eric Van Mittenberg. They explored similarities between the Internet boom and the current blockchain landscape. Ape. We've never talked about that, Jeff. That's something new. Never ever made that comparison. Nor has anyone else. Just saying the importance of regulatory clarity. The show is pretty much what they on the chain salt about and saying, you know, Jeff and I have been saying for years that nothing else matters except legislation. The Ripple case doesn't matter. It never has. When Ripple, when XRP was deemed not a security back on July 13, which is coming up on two years, 2023, that was, it was over. People will still think there's something going on with Ripple. It means nothing to the community, means nothing to the digital asset called xrp. The only thing that matters is this right here, regulatory clarity. And then the next two weeks after the big beautiful bill has been passed, Jeff, they are going to lock down and they're going to start working on crypto legislation, which is the only thing that I've cared about quite honestly. And the potential of tokenization. Now it's weird, now it's time about the potential. Wasn't it just we're doing tokenization now we're talking about potential. But of course that's from the way that Blockhead sees it. On the podcast, Eric shares insights on Ripple strategic acquisitions, the company's commitment to addressing real world problems through strategic initiative. And of course we are not going to listen to all this but you can see, see the sort of, the different subjects they get into, which is, you know, kind of nice the way they break that down there. You kind of see what they're doing but you can listen to the podcast if anyone's interested in listening to it. I'll just pop it right in the chat if you're interested in kind of listening to is 28 minutes long. So I popped that in the chat. You guys can go and break that down. But again, Ripple on the move talking about stuff. Eric Van Mittenberg and then this one here. Jeff, you kind of teased this in the open. This is the Ripple X and one of Latam, which is Latin America largest tokenization efforts to date. Mercado Bitcoin which is bringing over 200 million in real world assets on chain to the XRP ledger. Including fixed income and equity income instruments. The assets will connect to a network trusted by more than 70 central banks and financial institutions. That's a lot. 70.
- [06:21]
Jeff
This is a lot.
- [06:22]
Chip
Good lord, that's a lot. And of course they put out a pressure on that which is kind of cool. That's Sao Paulo, Brazil. That's where my son in law is from. The leading digital asset platform in Latin America announced plans to tokenize more than 200 million in permissioned real world assets including the fixed income this route. So it's interesting Jeff, seems like an odd initiative in a sense that we would think that we think about tokenized real world assets. We tend to think of other things other than like government type stuff, right?
- [06:59]
Jeff
It's not always government stuff.
- [07:01]
Chip
Yeah, like we think about you know, tokenizing like real estate or maybe like you know, other different things. Growing market trillions of in potential. According to a 2525 report by Ripple and Boston Consulting Group, tokenization of real world assets projected to grow approximately 0.6 trillion in 25 to nearly 19 trillion by 2033. Is that the same number we've been hearing Jeff, or does that seem different to you? I thought it was going to be bigger than that.
- [07:30]
Jeff
Thought it was a much bigger number.
- [07:33]
Chip
Maybe they're adjusting. It is 2033, so they're got a little bit of time there.
- [07:37]
Jeff
It's like eight years I think. You know, I think it, it's, it's gonna be, I mean I've seen anywhere from 3 trillion up to I don't know, 20 trillion, you know, I think so. It's fairly spot on in terms of what they're projecting, you know, as far as the overall tokenization. But I, you know, could go a lot further. It's not, not all going to be, you know, connected to the xrpl. Obviously this is on a, on a much, you know, bigger scale, the overall ecosystem. So a Lot of interesting things getting ready to happen overall question chip whether or not this is going to happen here in the US when, when are we going to see pro crypto legislation allowing for all these things? But let's, let's get into the rest of this article.
- [08:26]
Chip
Yeah, so it says as a recognized leader in the space, Mercado is already among the top five tokenizers of private credit assets. The company has already tokenized more than 1 billion. That's a lot in real world assets while maintaining a zero default rate. Also impressive Mercado also ran connects to the ecosystem to one of the most widely adopted NETWORKS More than 70 central banks, regulators, major financial institutions around the world. The Ripple is a key contributor of the XRPL focused on bringing high quality regulated assets on chain and supporting Mercado's integration into the xrpl. Mercados also work with Ripple by using Ripple Payments to facilitate cross border treasury flows between Brazil and Portugal. And on the listing of RL USD the enterprise grade USD denominated Stablecoin on its exchange. Ricardo was the first client of the solution in the country gaining the access to a faster, more secure and cost efficient efficient. So it's nice that they've got, they're opening these initiatives. They've got a partner down there which is great. Brazil's a huge market. Brazil's already using it to facilitate faster cross border payments between Brazil and Portugal. It's just fantastic to hear and across Latin America we're seeing forward and you know institutions exploring tokenization how it can improve access to efficiencies in the financial market said Silvio Pagado, managing directors of Latam at Ripple Mercados. Bitcoin integration with XRPL allows or at least shows how public blockchain infrastructure is being trusted by institutions becoming a reliable foundation for bringing regulated financial products to market. It's the kind of infrastructure the XRPL offers but now it's possible you can actually bring those on chain assets in a way that meets more institutional expectations when it comes to cost speed of course compliance and that's really what it comes down to. You talk a little bit more about the ledger speed and efficiency, about the security and they go on give some more stats there. Ripple's leverage XRPL for over a decade to power the cross border payments digital asset custody enterprise. There's a lot of stuff shaken up and these latest acquisitions by Ripple tell me and I think if they, if we get down to a point Jeff, I think what we have to see is we have to see Some kind of a custodial institutional grade for consumers. Yeah, because we don't really have that. Now the banks, none of the banks would just go partner like the big banks in the U.S. but even banks around the world would go ahead and partner with. And I don't know if it would be like one of Ripple's custody solutions. I think that's really made or at least that was set forth to do institution, not necessarily consumer, but if you had that consumer grade that was on that same level and banks would license that software. You just go to your bank and you're like, hey, press a button. This is how banks can make money too. They could come their own exchange, they could partner with exchanges and when someone could go right into their bank, they could go buy it. Boom, they have it. It's in the custodial, custodial wallet. There's no then. Now you've got people behind it. They can actually do something. When you do a transfer or you move it somewhere, whether you move it to cold storage or wherever, at least it is protected. And I'd like to see in that big ass bill that they're working on now. Next for the big crypto bill, Big beautiful crypto bill we'll call it if it is indeed beautiful. But you know, it'd be nice, Jeff, is if they had something in there to FDIC insured as well. Because if you were to get custody and insurance man, you want to talk about adoption, Adoption would be simple and through the banks, people would just simply go in there, they click on the crypto tab and they just purchase it, you're done. If you want to move it to cold storage, great, move it to cold storage. If you want to keep it with your bank. But you got to imagine new people coming in, can't handle all the steps necessary to get freaked out. Well, you just simply go to one of the exchange. First you go to exchange, then you connect to it, then you send money there and then you buy it and then what do you do? Then you gotta buy some kind of a cold storage wallet. Then you do this and you transfer it there. But what if you want it on a wall to buy so well then you gotta transfer your Zaman wallet. Well, how many do you need on there? Well, you need at least this much people. You lose them at, you know, they want to click a button, they want to own crypto, they want to log in, they want to see their crypto and they want to know that it's protected, they want to know that it's Insured. And that's all they want to know. That's it. Same with their money. They want to know that it's insured. Right? FDIC insures up to two hundred and fifty thousand dollars. If they were to step up and then start insuring crypto, telling you, man, that's the mass. That's what's missing. A mass adoption, the ease of use. What do you think about that, Jeff? You think that's accurate? That that's the missing piece for the mass adoption?
- [13:17]
Jeff
I think that's a major part of it, yeah. And we've talked about it so much that, you know, to achieve true mass adoption, everything has to be simplified. You and I had a conversation about that on a project that in order to promote it, the people have to understand it. If the p. If you can't simplify it into bullet points that are clear, at the end of the day, people don't really care about your technology. They don't care so much about the company. What they care about is, can I understand it and what is it going to do for me? You know, we're talking about kind of sales 101 and you know, from that perspective, in order to gain, you know, mainstream mass adoption, things are going to have to, you know, come into play and a, you know, people have to understand it and they want to, they want to have easy access to it. If you don't have easy access to it and they don't understand it, not going to happen. You know, and I think, you know, we're even seeing that like, you know, with, if anything at this point, the most recognized asset is bitcoin. People might be trying to figure out how to hold it, but even there, there's major levels of complexity, which is why if you want to hold bitcoin, the easiest path for the majority of the population is direct to an etf, right? So you go direct to an etf and I think we're going to see that similarly in terms of being able to hold asset, you know, where can we go to get it? You know, Chip now may or may not, you know, be the. Be a pivot, you know, to this part of the conversation, but there's a lot of discourse on, on X about the excitement over ripple getting into banking. You know what, I don't know why you guys are so surprised about that. It was, it was definitely the next, you know, part of progression that ripple would get into banking. But people on X were acting like it was like, oh my God, this is the coming of the Messiah. Ripple's getting into banking. Oh, my God, I can't believe it. Well, why couldn't you believe it? It's all they've been talking about for, you know, all these years is that they're progressing to work with banks and financial institutions. The next level is to figure out, to make sure because we're going through regulatory clarity. What's the next level of, of certainty? You have to get banking license. You know, the things that they're doing has to be on the, you know, had to be the next progression. It kills me that there's influencers within the XRP community, so to speak, that hyped it up and fomoed it. Fomoed it. Like that was some like, big revelation. I mean, it, what are we, stupid? You know, I mean, don't you, you, you know, it just, it just kills. We're not. No, I'm just saying. But you know, for the it. I felt belittled. But I felt belittled. No, no, I'm just saying.
- [16:09]
Chip
I know, I know, I know.
- [16:10]
Jeff
Yeah, but I'm just saying I felt kind of belittled when I saw some of these influencers, you know, get so hype over it. I'm like, why, why, why are we getting so. It's great. Hey, they're moving into banking. Yes. You know what? That's the, the definite ne next part of the progression. They have to get into banking. They have to start doing those types of things. But guess what? It's going to be R.L. uSD, you know, and it has to do with working with financial institutions. It has to be, you know, working with big banks. There has to be, you know, a tie into that. At the end of the day, Chip, you and I have always talked about which one's coming first. Is it financial institutions buying crypto? Are banks going to buy crypto exchanges or, or are crypto focused tech companies going to get into banking? Which one's coming first? Because it's going to happen both ways. Now, from a mainstream adoption perspective, I believe that banks getting into crypto is going to be a lot easier for mainstream adoption than for crypto to start getting into banking. However, if a huge crypto tech company decides that, hey, we're gonna buy some major bank and they're gonna acquire all those assets, you're still going to have to keep people on their mainstream platform, you know, so let's say I don't. Not gonna happen. But let's say Ripple decides that, you know, all of a sudden they bought Fidelity. You think that all of A sudden the Fidelity platform is going to go 100 crypto crypto native. No, it's going to be hey, you know, maybe eventually it changes its name. Like you know, it's happened, you know, you know, multiple a multitude of times with others. You know, companies that happen, they stay in their mainstream platform, right. Nothing really changes except for a logo. But we need easy access, you know, for mainstream. You know it's just, it's killing me, you know when I, I keep seeing this FOMO in the space and didn't anybody learn anything with the collapse of link to and and. Or the issues with LINQTO and all these other. The FOMO people aren't learning anything. It's killing me.
- [18:17]
Chip
Chip.
- [18:18]
Jeff
It's just, it's absolutely.
- [18:20]
Chip
Jeff, first of all, you inadvertently started a new rumor that that ripple.
- [18:25]
Jeff
No, I heard one of them, I.
- [18:28]
Chip
Heard one of the influencers talk about that ripple is interested in purchasing Fidelity. No, that was an example. People, please don't.
- [18:35]
Jeff
Yes, we did not.
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Chip
Don't take it out of context and.
- [18:38]
Jeff
But someone said talked about Ripple buying uphold as a possibility. But that's a, that's a crypto exchange, you know. Yeah, they're making major access, you know, purchases good for their business.
- [18:49]
Chip
Already on the xrpl they don't need to exchange. I mean they could buy it, they could offer exchange but you know. Hi guys, good morning. Enjoying the early delicious badass Yeti's coffee. There we go through that in there.
- [18:59]
Jeff
Oh yeah.
- [19:00]
Chip
And then this Vincent said what do you guys think about the rumor of fixed price XRP been circulating? Well, here's what I did. I went ahead and look search for that and what did I find? I find some of the most outrageous, egregious, so called. They call themselves influencers. I don't know what they call them this but not jobs. I call them basically. But you got this for rumor. Explain IMF theory setting a fixed price. First of all, it's a digital asset. Nobody's setting a fixed price, okay? And after Jeff, after what you just said, people are, people are in XRP price is going to be set to 1k after a 10k 1000 to 10,000 by the IMF. Well, first of all, the IMF is a useless organization. It's a communist organization. It's an organization that needs to be blown up. And it's, it's, it's, it's a useless organization, okay? A bunch of people who get funding from other countries who think they're, they're mandating or talking about stuff and they have zero sovereignty in the US as they do in any other country. Completely useless trash organization. Let's start off with that. Number two, anytime now I get this guy's all the stunts. Somebody. Ever since Chan Stein grabber, I just get stuff sent by this guy all the time. Like Chip, what do you think of this? You lost me at Chad Steingrab. Okay, this guy is one of the guys now. He'll put stuff up that's normal. Like hey Mercado Bitcoin. Like you know, just reporting on what happened. Okay, great, that's fine. But a lot of times people send me this outrageous stuff or these theories and it's great and it's fun to speculate, but come on people, use your head a little bit. I, you know, stop there. Then what else do we have here? Oh, this guy Smoke. This is the other one. XRP and XLM will most likely have a set fiat value in future to enable money transfers. Now this is another one. So if you see these, these names, just avoid them like the plague, okay? They're just fixed value in terms of fiat currencies means nothing. Fixed value is the value of an ex. Of of a digital asset. But these people are losing it. Document, document. Let me take a screenshot that you're never going to see. It's likely that they will accept money transfers that have been able via blockchains, for example, Ripper stutter wallets that have a fixed value in terms of fiat. Yeah. What that means is that of course it will have a fixed value based on what the value of the digital asset is at the time. This is not a fixed value attached. Well, a bunch of people, let's see. The imf. The very people, smart people at the imf, Jeff, are sitting behind doing this a lot, indicating their thinking, and they've just chosen a 1500 fixed price for XRP. First of all, nobody sets the price. Ripple doesn't set the price. You don't set the price, Jeff. I don't. Nobody. And you out there did not set the price. I mean, reading comprehension is a problem in this country. I've noticed it a lot. I've noticed that like people have a very difficult time and I don't know if it's. They don't have, they don't have a good understanding. I actually, I actually see this with younger people where they, they read something, but they don't understand what they read. So I don't know if it's, if, if that comprehension thing starts in the schools and they go through life and they miss it. But they're unable to do basic reasoning and logic applied to. I don't know if they don't have a good grasp of the language of the vocabulary, but, Jeff, I see it all the time, so I appreciate bringing that up, Vincent, because it's good to talk about things like this. It's. I think what people are misunderstanding is the actual base language there, what, What. What fixed price means. And if you start putting the IMF in any conversation, you've lost me, man. I have nothing to do with that. Osmond says. Quick question. How much does bitcoin need to be worth before people realize that crypto is the real deal? Yeah, that's a really good point. You know, when it broke, honestly, when it broke a thousand, I thought people start taking notice. When it broke 10,000, when it broke 50,000, when it broke 100,000, 110,000. I think what's going on there, Osmond, is that people don't understand to this day, like, if I tell people that even have been in crypto, I go, like, you know, you. You don't have to buy a bitcoin. You can buy sats. What is a sat? Well, it's a fractionalized bitcoin. You can take $20 a week for your paycheck and buy bitcoin. I can. Like, it's lost on a lot of people. People look at this price and they go, it's out of reach for most people. Anything over a hundred thousand, anything over 700. People think, I don't have $700 right now to buy a Bitcoin. I don't have 110,000. Great. If you purchase it and it goes up 8%, you're going to get 8% of whatever you own, whatever percentage of bitcoin you own. So I feel like sometimes this is lost, and it feels such a big number that it's out of reach for most people. And you got the sailors of the world, Michael Saylor, who's doubling down and tripling down and buying in, wants more, more, more, more, more. Because these are the people that recognize that this is going to go to 2, 3, 4, 500,000, even a million dollars. When. I don't know. But this is a good point. You're bringing up Osmond, like, when does. When is what numbers high enough? And I think the higher it goes, the more frightening it becomes for most people in the world, because they're looking at it going like, hey, you know, at some point, this. This number eclipses what they make as a salary so they think like, well, great, that Bitcoin is 300,000. I'll never own it. Rather than, you know, maybe they'll go to an altcoin where they feel like they can own an altcoin. But you're, you're, your statement is spot on. Like, where does it need to be in the people recognize that. Hey, crypto's real. It went from a couple hundred bucks, went from a couple dollars. And we just saw this one wallet that was not touched in like 10, 12 years that moved a billion dollars in bitcoin. Now, Jeff, I'm, I'm crazy enough pulling my hair out like when I go move something because I'm like, double check it. Look at the thing, look at the, look at, look at the address. Is the address right? You know, you do all that. Can you imagine moving a billion dollars in bitcoin? Like, imagine what I mean, it's probably custodial stuff. It's probably multi sig. It's probably a lot of stuff behind it, but still. But that. You're bringing a good point up, Osman. I appreciate that. That's a good, good point that you're talking. We got Melbourne in the house. Got our Aussie for. There you go. What's going on, Fabio? We're going to talk a little bit about Zao down a little bit, if you guys don't know. Hopefully we'll have Fabio on here talking about the Zaldao and we have a little bit of that coming up. What's going on? And Zoda is a pretty exciting project which I'm very hyped about. It's one of the projects in on the XRPL that really benefits the community and we'll talk a little bit about that coming up. So we will get into all that. Also, Miguel Castillo says that what people don't understand, that this is a trade off with simplicity, easy access, it's central control. I personally will never trust banks. And that's fine. You know, you don't have to trust the bank. You know, banks may go away just because if you look at the younger people, the people in their 20s and 30s don't really use banks the way the same way other people have come to use them. So what I'm saying is, and I'm not saying bank, banks is the reason I'm not pushing banks here, but I'm saying for mass adoption and for what people most people trust. People trust their bank, especially if it's FDIC insured, they have $200,000 sitting in there. The bank collapses. They get their 200,000 back. You lose your. You lose your cold storage wallet. You lose your. Your, you know, your key. You're done, screwed, Screwed. You're done. You cry about it. You talk about it at Thanksgiving dinners every year. I had a few hundred thousand. I don't know, I put it somewhere and lost it. Okay, so people still, you know, people are still heavily influenced by customer support. They want to talk to somebody. They want to get on their mobile, they want to dial somebody up, and they want to be able to have a conversation with them. Like, hey, you know people that talk about cold storage wallets. Well, Stephan Tomas, I'll. Let's talk about him. One of the more brilliant guys, former chief tech officer at Ripple. At this stage, he probably lost over $400 million in Bitcoin. Why? Because he put on a cold storage wallet many years ago. He had the key written down somewhere, and he had the kind of wallet. He had 10 shots at it, and then it bricked. So it's been bricked. There's been a company working on recovering it that will split half of that with him for a year and a half, trying to break the code of the password that he set that he does no longer remember. This is what terrifies a lot of people, because you could be mad at somebody losing something. You mad at exchange going down. You can be mad a lot of things. What will kill you is knowing that you made a mistake that costs you hundreds, if not millions, hundreds of thousands, if not millions of dollars. That is called regret. And that's a tough pill to swallow. And that's why I bring up the whole idea of banks, because if there is FDIC insured and people can go on there, and it's also another. Another way for banks to make money, you know, would people be paying more, the same as an exchange, or maybe a little more for the ease of use? I think they would be. And I think that a lot more people would get into crypto. We'd have more people, you know, going back to Osmond's point, we'd have a lot more people purchasing it. But that's just my opinion, and I understand a lot of people don't trust banks, you know, and that's perfectly fine. Right. Jeff, I don't know how. Where you stand on the whole. That whole scenario, but I. I'm just talking for masses. I think it's still a pretty, Pretty solid, Pretty solid way to go, man.
- [28:19]
Jeff
Banks you're talking about again, I'm talking.
- [28:22]
Chip
Awesome was bringing up the whole Point that he didn't, you know, he doesn't trust banks. He doesn't trust them. He understands the bliss in the asset. But it's central control. Here's the thing.
- [28:31]
Jeff
Yeah, go ahead. Sorry.
- [28:32]
Chip
Central control, Jeff, is what people want. Because if something goes wrong, they call somebody. Something goes wrong. I just got into it, and you lost a million dollars that your family was relying on. You then go punch yourself in the face or go, you know, go out the easy way. Whatever you want to do, it's that right there is going to be tough to live with, which is why people still like centralized control just the way it is.
- [28:55]
Jeff
People want centralized control. Right? People, People at the end of the day don't want defy in their financial space in terms of where they're holding their money. I think from a mainstream perspective, they, they want, they want to trust something. They want to trust that they, like you said, this is the most important part of customer service. Whether it's going to be AI, you know, five years from now or three years from now, or a human being. People want to pick up the phone and they want to talk to somebody when they have an issue that crosses all age spectrums. I don't care how old you are at the end of the day, not only do they want to have human contact, you have to have human contact. It's a business. If you're putting your money someplace and you're transacting someplace and you're doing something, if you have to go get, you know, a mortgage or you have to, you know, go get, you know, I don't know, whatever you're getting, going into the car dealership and you're getting financing on your car, there has to be some form of human element. The idea is simplification of process so that it can easily be completed. So you don't need to go through, you know, a thousand signatures with zero transparency. The idea of blockchain and the whole I, you know, and the whole narrative then is going to be simplification. Cutting out the fat, cutting out a bunch of the middlemen, decreasing the cost of transaction. It's not about cutting out all the people. And you have to have, you can't have everybody around the world relying on, oh, I lost my wallet, your money's gone. You know, people, people are still not going to know how to do it. You know, they, they're still going to have to call somebody. It amazes me that, you know, here we have a lot of smart people, you know, in, in our chats got brilliant People in here, the commentary is always spot on. And so think about, you're probably representing 2% of the entire world in terms of the other 90, 98% don't have the same level of thought process or intelligence. That's just probably the reality. And so you, when we think about that, that means that 98% of the population have to have their hands held going through it. Think about, you know, these next generations of kids that don't really know how to use a computer. You know, they know how to access the computer, they know how to go online to do stuff. Beyond that, they, they don't, they don't even know how to use Excel. You know, they don't know how to, there's a lot of, they don't know how to use the technology properly. You know, they're just because they're spoon fed the technology, they're not creating the technology. So again those that are creating it are smaller. But you know, think about our generations. We, we grew up with nothing and we entered into the phase of, so we had to figure out every step of the process. And yet there's still chip. How many people within our generations still don't know how to use stuff, you know, and they're not figuring out the new technology. So this, it goes all generations. I don't care who they are, you know, from 0 to 100 at this point people need to have their hands held. Doesn't matter, you don't have to trust them. And that's what Zober's saying. Bottom line, government doesn't think, doesn't think or trust that people are careful, capable of managing their own life for money up and that's probably to a point, but not, you know, I mean if in our country here, I mean that's, that's the whole idea. It's like hey, here you earn your own money and you know, good luck, you know, once you enter a socialized system, you know, you have social welfare, you got all the different things that in, in socialism and communism, they definitely don't trust that their people are capable of managing any other affairs. You know, again, blockchain simplification of process, mainstream not ready to be independent. I, I just don't believe it. You know, if someone can show me and you know, teach, you know, teach me otherwise that, that a hundred percent of the population, that more than 2% of the population is ready to be self sufficient. I don't and I'll, I'll never buy it.
- [33:23]
Chip
Look at who Joe Buddy was originally gonna, he was Gonna boycott today. He says many will trust crypto when the banks begin to hold it. My mom, for example. Yeah. And this is like the masses, right? Especially thing get FDIC something in this next bill. Jim D saying something's going on with crypto exchanges because suddenly Kucoin wants KYC to avoid. What is it to avoid? Fees. Suddenly uphold wants a new fashion. Scans and more questions asked. Yeah, well, it's. The regulations are coming and these exchanges are going to be under a lot of scrutiny. They're probably trying to get ahead of the ball. Now, Kucoin is weird because kucoin's outside the U.S. i believe so that's interesting that because you're starting to see regulation come down. They don't want to lose their business model. They don't want to be put out of business. And you could fly under the radar for a while. But I'm surprised about Kucoin. I'm not sure where that's based, but I think that's out. Outside of the. Outside of the. The. What do you call it? The. The U.S. i believe. Where's Kucoin based? Should probably. Am I wrong about that? Because I remember I've used Kucoin before. Let me see where they're based. I just do a simple search here. There are. It's in the Seychelles. Okay, gotcha. There you go. Yeah. I thought they were off offshore of the US So they are. And again, that's really wild. That's where they're headquartered. I don't know. Originally founded in China in 2017, later moved to Singapore due to stricter regulations and eventually established headquarters in Seychelles. The kucoin shows over 30 million users. So yeah, they're probably. You can see they've already made moves. Started in China, went to Singapore. Singapore was like the first to enact crypto regs. So then they moved to Seychelles. Now maybe they're probably coming up with again, they're probably looking for a place to hide and kind of chill. And then you see regulations are coming. So if we, if we look into the shells and regulations, we'll probably see that they're coming there too. And look, right. At some point you gotta. You gotta be compliant. Otherwise, look who else we have in here. We have mo Metas in here.
- [35:34]
Jeff
Chip spot on. We got it. These companies, these tech companies have to get into check because there will be regulatory requirements that they have to meet. That was one of my expos. I should, you know, drag it up or, you know, that, you know, there was a whole commentary on things that Were going, I'm like, for some reason, you know, people in the crypto space many times coming from some of the tech companies, but I think mostly, you know, there's some influencers out there in the space. The way they talk about things, think we're operating in a vacuum, like the real world doesn't exist around us. Like all this stuff. Nobody's being observant to, like real law. There's, there's case law and there's laws on the books, you. Pertaining to how companies operate, how financial institutions operate, you know, the good and the bad. Which is why, you know, when we look exactly at. Yep. Backtracking a little bit to the whole link to issue up, it's a major issue.
- [36:35]
Chip
Right.
- [36:36]
Jeff
And it's getting in front of the DOJ and anyone who was talking in and around it, you know, there wasn't a vacuum operating around it. All these companies will have to get into check who. Everybody has to follow the rules of the road. Otherwise you have anarchy. And we don't, we don't live in anarchy. You know, it's been the wild west, but, you know, people are testing the confines of the space a little bit. The biggest case, which is why Chip and I followed it so closely and all you guys were so passionate about it, also was SECV Ripple. That was like, that case was symbolic of and, and represented, you know, all other, you know, crypto companies in the US because if Ripple would have lost and it would have, it would have been so detrimental to how everything else unfolded. And we saw, at least we saw a ruling outcome on xrp, the only asset that's had a court ruling to say, hey, no, this was not a security, you know, which sets the tone. But yet we still don't know if crypto assets are securities or not, you know, based on, based on law that's on the books right now, based on, you know, there's no regulatory clarity specifically over any assets. We've heard them talk about bitcoin. Bitcoin's a great store of value. But again, any of these others, where, where do we stand? They have to have rules of the road. We have to have more pro crypto legislation codified into law. It has to happen. It probably isn't going to happen in 25. Maybe it will. You know, we still have a little bit of time left, but most likely it's going to happen in 2026 if these things get pushed through. We just saw a massive bill that got signed yesterday. Probably one of the most important bills that's going to set the tone for a lot of things moving forward. And that was the big beautiful bill. There was a lot of things that were packed into that that were very, very important that had to be taken care of way before crypto legislation, you know. And so now those are, those are set. Now the focus, you know, can shift a little bit. That's, that's my thought on it.
- [38:42]
Chip
Chip. No, it's really, it's really good. And it's, I'm seeing too. This is interesting. In Cheyenne, Wyoming in 1982, we were talking about cryptocurrency and math class class McCormick Jr. The week the girl committed suicide in the bathroom, Richard Janky killed his dad. Remembered. Well, he probably would talk about the concept of a digital currency more so than. Because it wasn't called crypto and it wasn't until much later. But it's interesting, it's Wyoming because Wyoming's been very, very, very on the, on the edge when it comes to, you know, with crypto as well. So that's interesting that there's two other ones that I wanted to get to. Jim D says mark my words here that once the cut over to crypto becomes the global comes the global banking cartel to get buy in from nations that will impose transaction and nation tax year. Not in the U.S. i mean this is the way the rest of the world's going. Yeah, they'll just volunteer. What they're called is they basically put their, they put their, their head on the railroad track and they're like, please come and run it over. We want to just separate our heads from our bodies because we don't want to think anymore. And I'm just shocked at how many world leaders just totally sell out their citizens on a daily basis. It's insane.
- [39:51]
Jeff
Yeah, exactly.
- [39:52]
Chip
Yeah.
- [39:53]
Jeff
Because it's all about money. Chip. And this is Christian.
- [39:55]
Chip
Christian. What's up, dude? It's been a long time, man.
- [39:57]
Jeff
It's been a real long time.
- [39:59]
Chip
We go back a long way. This is an OG right here.
- [40:03]
Jeff
So here we have. Don't hate the player, hate the game. Ignorance is bliss. That's right. I, you know, I like, I like that starting there will always, there will always be banks, taxes and oversight. It's on us to learn how to navigate. Navigate those very things. Agreed. There will always be. And it's just a matter of who's going to be in charge of it and the technology behind it. You know, can we get complete transparency of taxes? That's coming from blockchain right now. There's no transparency. You Want, you know, you want a perfect ledger blockchain. You want transparency in banking fees and charges blockchain. You want true oversight of, let's say the Fed. You want to audit the Fed blockchain. You know, that's once that's implemented and you have transparency and you have a very clear cut path to an audit. That's quick, where you're not relying on the fat. There's always gonna be someone who has to do it and control it and who's responsible for it. But at the end of the day it's the technology that's going to be implemented that should be implemented that brings us to a path of being in a better spot.
- [41:12]
Chip
That's well said, Jeff and Christian, good to see you. I haven't talked to Christian in a long time. It's been a while. I hope you're well. Justin says, what does that even mean? Well, nobody really knows. That's the whole point, Justin. Nobody really know. Justin's like, what does it all mean? That's what I say on a daily basis. Like, what does it all mean, man? Like, make sense, make it make sense. Like, you know, there has to be some of it. I'm not sure exactly what you're referring to but, but Oris comes and says, google it. Just Google it, man. There you go. Also the ripple banks in Wyoming. Yeah, very, very true. So it's interesting to know that, you know, very forward thinking. Want to do a little bit of a shift here too. I wanted to talk a little bit about Zao Dao. You guys may have heard of Zao Dao, but it's a community project that's coming to the xrpl. But it's also something that's been talked about for quite a long time. I know there's what, there's a Zao Dao over in Asia. It's not a Zao Dao, it's a Dowel that's XRPL based. But again, so I want to talk a little bit about this and also want to talk about full disclosure. I am a marketing advisor so I do advise the folks in the projects. It's an advisory. There's a few of us that are on the advisory team and and reason I'm excited and joined it and excited about it is because I believe that this for a long time that this is something that was going to be really necessary especially for the community itself. So I wanted to first off, start.
- [42:32]
Jeff
Off before we play the video to do a another song here because we're at the, the Bottom of the hour. I know we're going to be rolling out of here at the top of the hour, so let me just. Let me just. I'm gonna cut it right in half.
- [42:44]
Chip
I'm gonna do that. I'm doing that intro again, so you're.
- [42:47]
Jeff
Gonna have to do that intro again. So I want everyone to pay close attention, you know, think about what Chip, you know, introduced on the Zaldao and the community that, you know, it's going to be very important for the community at large. But we got to take this quick break here, so let me throw this in.
- [43:12]
Chip
Word of the day.
- [43:16]
Jeff
You got your Zaman wallet ready?
- [43:20]
Chip
Why? Cause this is gonna be epic. It's time. Time to claim your legendary Blue Tribe.
- [43:31]
Jeff
Yeti of the clan Frostbeards.
- [43:37]
Chip
His name, Thorvold.
- [43:39]
Jeff
Let's go.
- [44:12]
Chip
Yeah. Another banger on the chain. I was getting those tribal war drums. That was great.
- [44:17]
Jeff
Like that.
- [44:18]
Chip
I like that a lot. That was good. I like it a lot. Zober says coffee break, dude. Coffee break. That's the best coffee.
- [44:25]
Jeff
That's right.
- [44:25]
Chip
We're putting the yetis in there. We've got 11 in the entries right now, which is fantastic. So there you go. This is a banger.
- [44:32]
Jeff
Beautiful.
- [44:32]
Chip
Great.
- [44:33]
Jeff
Right?
- [44:33]
Chip
So, dude. All right, let me make this. Let me start off again. I want to do a transition again now that we've heard the song, but I wanted to transition into Zaldao, a project that I'm really excited about. I'm gonna play this video, and the video is kind of a little bit of fun, but kind of like it'll be the precursor to kind of what we're going to chat a little bit about. Jeff and I, we're going to talk a little bit about the project, the founders, and, like, how it works. So here we go. Let's go ahead and play this video.
- [44:56]
Jeff
Z, I'm in 3 DAOs already.
- [45:00]
Chip
One's a cult, one's a meme, and I'm hoping this one's the adult.
- [45:03]
Jeff
Ever heard of Zao? Sounds like a new TikTok dance. Am I right? Ever heard of Zao Dao?
- [45:15]
Chip
Is that the new Coachella lineup?
- [45:17]
Jeff
Ever heard of Zhao Dao? I think my baby is daoing right now. Nope.
- [45:24]
Chip
It's what happens when Web3 actually grows up. Ever heard of Zao Dao?
- [45:29]
Jeff
I thought Dao was that Chinese place on Main that shut down in 2023. Here, every vote counts, every proposal is on chain, and every member has a say.
- [45:43]
Chip
We pitched a remittance app for unbanked farmers.
- [45:46]
Jeff
Now my crypto wallet smells like fertilizer. And purpose. No token pumps, no rug pulls.
- [45:53]
Chip
Just real grants for real builders.
- [45:55]
Jeff
On the xrpl, I heard someone funded a defi garden. Like with real tomatoes. It's Web three without the cringe.
- [46:07]
Chip
Mostly.
- [46:08]
Jeff
It's like if a DAOS got therapy.
- [46:10]
Chip
Found purpose, and started funding real stuff with real utility.
- [46:14]
Jeff
Not companies, VCs or influencers. Just us. And there's one token that matters for the Zaodao.
- [46:20]
Chip
It's called XRP Zao. We're not waiting for the future. We're building it together.
- [46:28]
Jeff
Join the movement. Get on the wait list at ZAOIO ZAO.
- [46:33]
Chip
Empowering collaboration, fueling innovation. Like that. Catchy. Catchy. Yeah. Also, full disclosure, I did create that video. So I created the video with the team. We workshopped it, we put that and I actually executed on the video side of it. Everything in that is AI generated. If you thought that it was AI generated, AIs come a long way. Even the music was AI generated. Same software that Jeff uses to make the badass Yeti song. But I wanted to put that out. Yeah. Pokes a little bit of fun and kind of sets it a little bit up. But a lot of dials will release a token. Just to be really clear, there is no token. The token's called xrp. So a lot of people have kind of confused this, like, well, wait a minute, where's the token? There is no token. This is. This is another big, huge choice that I am really behind. Because Jeff, you know, it's always a fine line when you do a token type of thing. And having the token be connected to xrp, which he obviously says in that video, is a big deal. But I think that. Hang on a second. Let me go ahead and share my screen here. Let me go click on this. Here we go. But I wanted to get a little bit into this here. What is going on? Before presenting a screen. Now it's asking me stuff. Remove other media. Oh, do you have something on the media side of it?
- [47:56]
Jeff
I don't. No. You do you have the video?
- [47:59]
Chip
Oh, that's what it was. Okay, there we go. So let's talk a little bit about this. So the. So let's talk about the founders here. So Fabio Marzella and Santiago Bilez, you guys may know those names. Been around the XRP L community for quite a long time. And Jeff, you and I were pretty fortunate to have had the opportunity to meet Fabio in person last year when we co emceed the. The Woi and the Gold coast in Australia. And Fabio was the managing director for that. So that's how we got to know Fabio. And you know, this guy is phenomenal. And also the team that put together the wi, I still think it's one of the better conferences I've ever attended. It's just well run. Everything was well thought out. What were your thoughts on? It was a good conference?
- [48:51]
Jeff
No, WI was, was one of the best. You know, we've obviously talked about it a lot.
- [48:57]
Chip
We have.
- [48:57]
Jeff
I'd love to, I would love to see it come back again with, you know, previous leadership, but we haven't, we haven't seen what the current leadership is going to do with the WI yet. So excited to see if they're gonna, you know, come back and, you know, put another banger show on. So we'll see what happens. In the meantime, Chip, this Zao really seems to be something that is going to resonate for the community.
- [49:31]
Chip
Yeah, exactly. You know, and as you, as, as it, you know, as you guys start learning more about it, you know, maybe something you want to take a closer look at, but. Fabio sits on the board of the XRPL foundation where he helps shape the roadmap, guides formatting, fund funding decisions and supports open source community led development. He has got over 20 years of leadership and to think about, he's got a really solid kind of a, you know, resume to be in the space. He's worked across fintech, manufacturing and global trade. He navigated both startups and large enterprises. He's also led product strategy, built high performing teams and driven many major negotiations in Australia, Italy and Germany. So this is somebody that's got a lot of great background for. This is all about building big inclusive systems that seamlessly bring together, you know, that what we call traditional finance and then decentralized the technology together. And so if he's not in build mode, he basically, he's into Jeff and you'll really appreciate this. He loves racing cars. Kind of what's equivalent to our, to our nascar.
- [50:31]
Jeff
Nice.
- [50:32]
Chip
He's a big fisher guy, big fisherman guy, deep sea fishing and, but the cars, I mean, you can imagine that just for the adrenaline side of it. And table tennis, Jeff, which, you know, I know you're also into table tennis too. I played that at your house. We've had a little bit of fun with that. So you guys can join the wait list. Right now. What I'm gonna do, what I'm gonna ask everyone to do right now is go ahead and follow. So I've just Put the. The X handle because this is how you're gonna find out more stuff going on. And then I will also put in. If you guys are interested to join, I should recommend you at least get the. At least get on the wait list to find out more of what it's about. And then also, let's talk a little bit about Santiago. Now, Santiago I've known for a long time in the community because he's always put out. Well, you know, I didn't know him personally, but I knew him from afar just because of some of the. Just because of what he's done or the pieces. Anytime you put something out on ax, I'd be like, oh, okay, this is brilliant. Whether it was the spelling, you know, inaccuracies, or anything to do with the xrpl, that's how I came to know him. But he's also the manager and co founder of Zao Dao. He's manager, so he's also led Web3 projects such as Flare Futures, Nike Crypto Kicks, NCAA NFTs, helping build major brands and platforms, navigate blockchain integration. Now, you may not have known this, but he's a nuclear engineer by background. Oh, it all starts making sense, Jeff, to me. So he now focuses on blockchain infrastructures at Block Digital Corp. He's been a pivotal part of the XRP community and active investor since 2017. So he's an OG, just like a lot of us are. He also holds a certificate of blockchain economics from the Wharton School. And if you know anything about Wharton Business School at the University of Pennsylvania, that is also where Trump graduated and also where the. The Trump kids have gone to. A lot of great, prominent business people. Yeah, a lot of smart people. I know my daughter wants to go to Wharton. He has been a pivotal part of the. As I read that. So Santiago appeared on Real Vision Crypto with Raul Paul. So he also probably calls being a husband and dad, the three amazing girls, his favorite role. So he's also into Brazilian jiu jitsu. He vibes to 90s hip hop. Jeff. This is some. This is my favorite era of hip hop.
- [52:49]
Jeff
There you go.
- [52:50]
Chip
Could not be without Tribe Called Quest. There's so much great.
- [52:53]
Jeff
I think the 90s was the best.
- [52:54]
Chip
I mean, Jeff, you and I are lockstep on that. So we've already connected to that bit right there. So it'll be launching soon. It's going to be. I'm gonna go ahead. Zao Dao IO you guys can just go put your email in there. You're not going to get spam, you're just going to get updates when it's coming up. And what I'm going to do is can I mouse is like there we go. So you guys can go there and then I want to talk a little bit about how to join, what it means. So here's a thread. So here's kind of how it works. So the membership is activated for $10 US and for a one time $10 fee of course it's payable in XRP. You'll receive an exclusive Zaodao member NFT on the XRP ledger. And if this nft, look at it as your sort of proof of membership. This is your badge of you know, to participate in the Zao Dao ecosystem. There's no renewals, there's no tiers, just one flat rate for everybody. And again you're unlocking full membership access. So once your payment's confirmed you become an official member of Zao Dao. It includes full boarding rights, access to services, a meaningful stake in the community's future and the membership gives you the ability to participate in governance and sharing any economic benefits of the Z. So one nft, one flat fee and there's a whole world of basically computer community powered opportunity. Welcome to Z says so there you go.
- [54:16]
Jeff
And so Chip, the idea behind a Doubt is to is basically centered on the community voting and the opportunity for you to participate in voting.
- [54:32]
Chip
Well it is and it stands for decentralized autonomous organization. And there have been quite a bunch of successful ones. As a matter of fact the dowels out there I just came across some interesting, some interesting facts that some. There's some dowels out there that have more money in them than a lot of the exchanges. So they become actually bigger and more of them. They were very, there's a couple big ones on Ethereum but the whole idea is that when it comes to XRPL and you can voice on X you can voice here and you can, I mean Ripple goes ahead has a grant program. There's other, there's other organizations that have grant programs and sort of fun projects with real world utility this right here. And again it's early stages so the idea is that you get a vote and it also we'll get into how that works too Will can come in and get more votes. Well that's also been thought through as well. But the whole idea Jeff is that there's community voting so you have a say in what goes on inside of the, of the xrpl like sort of a community and so what you get is that, you know, kind of what you're talking about. You get a voice that counts. You can help shape the future of Zao through governance votes. And so to keep it fair, no single member can hold more than 0.05% of total voting power. So this eliminates the possibility of whales. Someone comes in and says, Well, I own 5 million XRP and I'm gonna have a note. It's all sort of weighted so that it's fair across the board. Also each year you can share in some profits. You can get a slice of the dowels net profit and loss. There's a lot of transparency that also comes with dollars. There's no cap person, no one can receive more than 0.001 of the total distribution. Keeping things balanced and community focused. You can also. So part of it's joining something that gives you a say in what happens. There's also protections built in. Again, a lot of legalese has been behind this. As a registered Wyoming, here we see a Wyoming LLC zout out offers a limited liability to all members. So your risk never goes beyond your membership. This is key and this is set up properly. I've looked into it and this, the amount of work that went into this and thought process went into this up front front took a lot of thinking through and having that protection because if you look out there, you can find Dallas that did not think of this and did not really protect it. That's why it is in Wyoming and that's why you're, you're, you're basically protected. And so when you join, when you join Zodao, you're stepping into a space where your participation pays off. Here we talk about it on, on, you know, people voice their opinion. This actually gives you a real say. I don't kind of sort of what happens.
- [57:09]
Jeff
Yeah. So chip something that people ask on X, is there a token?
- [57:16]
Chip
Jeff, There is no token. That's a good question. But you're right, you're right because you've probably seen it too. Yeah, there is no token. It is a token called xrp. But a lot of daos come out with their own token. And that's not the focus of this. The focus of this. There already is a token. It's called XRP and the focus is the xrpl. But Dow. Thanks for bringing that up, Jeff. So every year the Zodao will count up everything that's been earned, subtract the cost of doing business, Think of things like building the marketing, the operations, you know, the not so fun things like taxes, yes, taxes are involved and so what's left at the end of all that is called your net profit and that is the pool that can be shared or reinvested to make the DAO even stronger. So once that number is known, it comes down to a decision and the community calls the shots. So you're actually one that figure out what it's going to look like. Members vote on whether to share the profits or put them back into the growing dial, making it bigger and better. So if profit sharing is approved, here's how it works. They take a snapshot every month of how XRP is, how much XRP is in your wallet that holds your nf, your membership, nft. Now keep in mind that the wallet that holds the NFT and the XRP that's in that wallet is important because that's where the snapshot happens. And at the end of the year they'll go ahead and average out the snapshots to get a clear picture of what the XRP balance looks like. And then the profits are divided up so based on what that average share of holdings are throughout the year. Because suppose you're taking this wallet and you're moving some XRP around and whatever that is every it's going to be the average share throughout held throughout the year. So maybe January through June you didn't hold as much, but then you move some more into there for the balance of the year, year of July through December, that's calculated as a percentage of the total membership share of the profit pool. And so to really keep it fair, there's no cap, so no one member can get too large a piece of the pie no matter how much XRP is held. That way everybody has a real shot at earning something and power stays decentralized. That's how to keep it balanced. Community driven, totally not ruled by whales, and no stress. If the dial ever takes a loss, you're not also not on the hook, okay? So your risk stops at your membership. And again this was important to do all the legal stuff behind the scenes to make sure that it's set up properly. Because a lot if you can look out there, you can see some dial horror stories that were not set up properly and then they had to deal with it later. And that's never a good way to travel. And the beauty of a limited liability, that's what comes down to is the fact that you're protecting protected, it's a pass through entity. So it never hurts to give your tax advisor a quick call. If you're curious about how the details work. Any thoughts on this, Jeff?
- [60:04]
Jeff
I think this is probably one of the more, you know, important parts is the, the legal framework of it. You know, knowing that, you know, the legal framework is, is really critical profit sharing. You know, I like the idea that it's giving people an opportunity to vote in development of the community. And you and I talked about, you know, something like, you know, from Ripple who are going to go, they were investing X amount in developers to help develop on the xrpl, but then that number is distributed over a long period of time. And so one thing that we hear outspoken about continuously is the lack of focus on being able to help developers. You have a project like this where you get community involvement, there's potential raising of funds within the the dao and, and you might be able to reference some of that, but there's money available to then help promote development on the xrpl. Now all of a sudden you have a community growing. People talk about the Solana community, people have referenced the Ethereum foundation, that there was always a, a group behind raising of funds to help further development in the space. And so this kind of puts all of that narrative into a very easy to understand solution, essentially.
- [61:38]
Chip
Yeah, well said. It's. And again, that's why I'm excited about it because there's been a lot of conversations about this for a long time, but it's great and especially getting behind the two founders here, you know, who I feel like have put a lot of effort into thinking this through right down to the legal side of it and how it works. And again, a lot of this will be shaped. So you say, well, what about this chip? How does this work? Well, a lot of it will be shaped by you. So things will come up if somebody submits an idea that makes it to what we call like a proposal and then that gets voted on. So the whole idea is that this, the way it looks right now, it can vastly shift. So as a member of Zao da, you get to vote on these key proposals and kind of comes down to what's shaping what that community looks like. And the voting power really comes down to how much XRP you hold in a wallet again along with that membership nft and it's a cap limit. So the whole idea is keeping everything fair. This way smaller holders have a real voice and governance stays decentralized and balanced. Here in the US we can almost kind of distill that down to the electoral college, that again, it protects the smaller voices here and this is kind of a, a way to keep everyone's voice means something here. And so kind of here's what it works. The snapshots taken of all member wallets holding that NFT before each vote. Then they go ahead and check how much XRP you're holding. They compare it across all members and if it's needed they the voting power is capped. Avoid any wallet having too much influence. So you get your voting power is based on your XRP balance. One vote for every ten XRP in your wallet. After that non transferable voting tokens you can't trade them are minted on the XRP EVM sidechain to reflect your share. And the best part, there's a cap on how much voting power any single wallet can have. Even if you hold a lot of XRP you won't be able to dominate wallet 1 vote and again it comes, keeps it from the dial from turning into a whale party which nobody wants. And make sure the decisions stay in the hands the entire community which is, which is key. So 1 vote for every 10 xrp and it is capped. So you get to a point of where you know you, you don't have a whale coming in that owns a million XRP that has that NFT in the wallet. Transferring your membership again this is something that I feel a lot was put behind this to keep it fair. Your ZODA membership is more than just that nft. It's your place within the actual community. So if you want to keep it, they want to keep it fair and in line by with Wyoming DAO laws. And to do this the memberships cannot be freely sold or transferred like a regular assets. Now if you do want to transfer it, there's a process that includes things like member approval or giving the chance to take it first. It's all about protecting the DAO and making sure and again this is the legal framework that's being followed here that it could be put up if somebody wants it or whatever. And so there is a process in place but it has to follow the process to make it Wyoming compliant where, where it's registered. And so they say that's really important.
- [64:41]
Jeff
Right there, you know, because you can get to a point, let's say there's a cutoff of membership availability and now people want to start trading their membership, giving access to membership, boosting the valuation of the membership and then it changes the dynamics. And if it doesn't adhere to the regulatory structure, again why regulatory structure is important, you can't just say you're selling not related to this. But as a comparative example, you can't just say I own. You know, as a company we have X number of shares in a private entity and we're going to determine how much we want to sell those shares to the community for and we're going to sell them at like an ad hoc auction, so to speak and just declare a 60% markup of the valuation of a specific share. Again, there's rules on the books for stuff like that. I like to see this is falling within good regulatory compliance in terms of being that it's registered in Wyoming. Good choice. But then to stay within the legal framework to keep everybody in the community, you know, protected. And it starts with something like this, the structure and how do you transfer your membership and things like that. Really important.
- [66:00]
Chip
Yeah. Again that legal framework, if you think about Wyoming always being forward thinking, thinking especially, you know, it's funny we saw the earlier post about Wyoming. You think about the idea of the compliance piece of it. They've thought it through, right. So they, they put a lot of time and effort into why you just don't want to be transferring membership and why they created a process. Also the, when it comes down to wallet verification, the membership and Zodao tied to the wallet, specifically the one holding the official membership nft. This NFT proves you're part of the community and you get of access to. So it's going to do a check not only on XRP but it's also going to check to see if that NFT is there. Because that's like your pass, right? That's your official. Hey, I'm in the Zao. We're not randomly checking a wallet. If that wallet doesn't have that NFT or the NFTs move, then it doesn't, it's not gonna, it's not gonna, you know, care. Now if you do lose access to your wallet, no worries. There is a fix. If your original wallet becomes inaccessible, you can request a new membership NFT under a different wallet. Just keeping with your mind. Keep in mind that the voting power will only reflect the XRP held in the new wallet. So if you make a mistake, something happens, you lose your key, your wall, you know, something happens, right? It's compromised. You got. It's only going to matter what the new wallet is. It didn't matter if you had a hundred thousand in the old wallet, but again that's going to capped anyway. So it's become a non issue and the original wallet still holds all your rights to governance and protection. Profits but if you lost access to the private keys, any future rewards like end of the year payouts linked to that wallet might be out of reach.
- [67:34]
Jeff
So how many memberships can you have? One membership per wallet?
- [67:42]
Chip
Well, I think, yeah, I think it's, it's based on the wallet itself. Right. But it doesn't really do any good to open up multiple wallets because again it's capped. So it's not going to be like you know, take five wallets, five NFTs, pay $50, you know, so there's no real advantage to doing that because the voting is capped anyway. So if you lose your wallet, there's a whole process to go through. But again, this keeps it fair to pretty much everyone. And again I'll you can go to Zaodao LLC on X and you can read more about it also on Facebook and LinkedIn.
- [68:24]
Jeff
A question from the King. He said can we talk about the midnight airdrop? The midnight airdrop is a little confusing.
- [68:32]
Chip
There is no airdrop. So there, I just talked about it. There's no airdrop. So I'm not sure which midnight airdrop. I'm not sure what the midnight airdrop is. I think you're referring to something else some called the midnight airdrop that there is no airdrop. With Zodox, I've seen that coming up too. People are like well what about the airdrop? There's no air drops. That's the other part of this. So I don't know what the midnight airdrop is. That might be some other benefit for something, for some other project.
- [68:55]
Jeff
Maybe they're done about something else.
- [68:57]
Chip
Yeah, something else. Financial transparency and treasury keeping it clear, fair and community driven. At Zoda we believe in transparency but without overwhelming you with spreadsheets, members get access to high level financial info like EBITDA net profits. If you want a deeper dive, members can vote to unlock detailed reports including budget, salaries, contractor payments, treasury activity, how the company assets are being managed. Again, that's the whole idea of a Dow is you get the vote and decide how far you want it to go. All proposals, votes, approvals and rejections are recorded and shared with the entire community. They'll live forever on decentralized storage if you think IPFS style. Again, if you're familiar with NFTs, you know that pretty well. They're linked on chain so you can always find them. No secrets, no surprises. The books are open, the community powered clarity, that's how we roll at the Zodao. So here's how the treasury works. The Zodia treasury runs on a mix of manager oversight and community voting small expenses. The manager can handle that to keep the LLC going smoothly. Things like day to day operations, bigger investments are spending. That's where the community steps in. And anything beyond the limits set forth in the operating agreement needs approval from the majority of its members. This setup gives the best of both worlds flexibility to move when when needed and the power for members to shape how that's used. So whether it's proposing an investment, if it's funding a new project, launching community initiative, you've got to say, and how the Zao Dao has grown and how the XRPL is pushed forward. Every member isn't just watching the mission unfold, they're actually helping to fund it, shape it, move it forward. It's your dao, your voice, your money. We make sure it all stays transparent and accountable.
- [70:35]
Jeff
So I like that last statement. It's your Dao, your community. Say that again. Read that.
- [70:45]
Chip
Your dao, your voice, your money. So you decide how it, you know, stays. And again it's all transparent, accountable and in the hands of the community of the DAO itself. And I will post it once again. Here we go. There's the Zao IO and if you choose to participate when it is available, it'll be $10 one time fee to participate. And again let's suppose the dial says like hey this is great but maybe we want to have the membership renew every year. And so that could be a proposal that somebody puts up and says well I like the idea of having this but why don't we say and again I'm just making this up but it could be someone says well why don't we do this once a year and then you pay this $10 fee. Yeah, it's set forth a certain way but people can write a new proposal and decide how the it could potentially go.
- [71:35]
Jeff
And that's just one example about that yesterday. I think that's a great example because you know, I'm on board with that. You know I would, I would petition to have this, an annual renewal to have people re up right in the first, I'm writing, I'm writing the first proposal. So I'm going to start petitioning to get backers on this. When this goes live. It's going to be proposal number one to turn that $10 into an annual renewal to have a re injection of cash flow annually into the, into the Dow. And it also holds people interest in coming back. Also because you do a one time investment, people, you know, their focus Might, you know, peter off a little bit, you know, people that are going to be actively involved I think is important and to show that level of commitment, you know, that that's a, it's a good way to do it. So how do, Chip, how do we petition this? Like we want to say, hey, let's, let's put this up for a vote. There has to be an opportunity to get in front of the community. Right.
- [72:38]
Chip
So we haven't launched yet, Jeff. Let's give it a shot before it launches. But the idea is that's forthcoming. For right now, I will go ahead and post the actual URL. You can click I was just putting another thing. But for right now, basically go here. It's coming. You basically go here. Put your email in and join the wait list. And then when it opens up, you'll get more details on how to go ahead and register.
- [73:00]
Jeff
Join and register.
- [73:01]
Chip
Yeah, that's how it works.
- [73:02]
Jeff
And the first proposed amendment is to change the $10. Well, that's annual.
- [73:09]
Chip
First you have to join, Jeff. Then you can, once you join, then you can maybe go ahead and make that known to, to go ahead.
- [73:15]
Jeff
And I'm going to start running polls, so if you guys are on board.
- [73:20]
Chip
So then. No, it's an interesting, it's an interesting idea too. But again, the whole idea of a dow is that the way it's structured, the way it goes forward, you can see that you have a chance to, you know, bubble up to like, what proposal? And you get the vote on. Now if you vote, they put that up for a vote and people are like, no, no, we like the one time fee. Okay, done. There you go. It's a one time fee and it could be, it could be a project that maybe is looking for some injection. It could be there's going to be some other things rolling out other components of the Zao that will also help the stability of influx of capital. So that's coming too. And as that rolls out, you'll learn more about that little piece of it too. And again, somebody else might propose something like, you know what I'd like to ask, you know, add to the Zodao. I'd like to look at, look at that. See, Fabio's already looking forward to it. This is great, Jeff.
- [74:09]
Jeff
Do I have to write it in white paper format? Like, can I present my case in video format?
- [74:16]
Chip
Well, Jeff, that those rules will be, will be rolled out as they sort of come as they, as we get closer to it. But again, it's an exciting project, which is why I'm excited to, you know, to, to assist with it and, and it's something that I've looked forward to. It's been talked about for a long time and I find that the, the two founders involved have put so much time and effort into it, especially on the legal side and making sure you're protected. But it's set up properly. That's why you can't transfer it. That's why there are rules of the road. Send me a fax. Facts Jeff.
- [74:47]
Jeff
Done. Well, you know, it's. Jeff, you might be the most secure. I do have a fax machine and it's the most secure way of, of sending it. So can I handwrite it or do I have to type it? Might have to type it on an old school typewriter.
- [75:01]
Chip
You, what you do is you write it across a bunch of sticky notes and you tape those paper paper on 8 and a half by elevens ACC that and then you feed it through the fax machine and then it gets stuck and then it stops the facts.
- [75:16]
Jeff
Oh my God. That's funny.
- [75:17]
Chip
The thing got ripped but, but anyway that's how, that's how it works. There you go. Send it to Morse code. Morse code could potentially work.
- [75:33]
Jeff
I'll page you when, I'll page you when I, when I fax it to you.
- [75:38]
Chip
I'm getting, getting a pager right there. It says hello.
- [75:41]
Jeff
It says hello.
- [75:42]
Chip
It's gotta turn it sideways, but it says hello. You guys are. If you guys know, you know if you're old enough to know. But that's how, that's sort of how it works. Oh, XRP Bags has a video on midnight. Okay. Yeah, we'll check that out. I don't know. I don't know much about it to be honest with you. Jim D. Says his fax is busted by a digital phone service. Have to fax over the Internet. Yeah, it's so funny. It's like now you get true. Some, some people still require faxes like insurance companies.
- [76:13]
Jeff
Crazy.
- [76:13]
Chip
Some banks. It's bizarro. But now you have to do it on the Internet because of the digital. It's. It's weird. It's a right.
- [76:22]
Jeff
We're not using email for this. This is going to be the most secure methodology of transferring the white paper.
- [76:30]
Chip
But it's not, but it's not secret though. It's the whole idea. It's not like you're transferring somebody's Social Security number triggered like something that has to be locked down. Just open data. It's going to be on a You're probably gonna. You're probably gonna write a. A post of it anyway, so. But anyway, that's a little bit about Zao Dao. As more stuff comes forward again, you can I recommend you at least go ahead and sign up for the join list. The wait list. There you join the wait list and then you find out more details. Wait list.
- [76:58]
Jeff
Yeah, be waitlisted. Join the wait list. Zao Zao. And if we're lucky, Chip, both Fabio and, you know, will agree to come on the show. And Santiago. So we get Fabio and Santiago come on the show.
- [77:22]
Chip
Yes.
- [77:22]
Jeff
To talk about the project. It'll be great to hear about. We just talked about it, you know, but it'd be great to learn who's behind the project. Let's get to know you guys. Let's talk about car racing, you know, let's talk about your passion for 90s hip hop and, you know, table tennis. And we'll get into anyway, the personal.
- [77:43]
Chip
Side of the people.
- [77:43]
Jeff
That's the personal side. People want to know, you know, they want to know who you are, who's behind the project.
- [77:49]
Chip
And.
- [77:49]
Jeff
Because that's what it's all about, you know, and. And that. And then, you know, people get even more passionate, you know, so. Because there's a lot to it. It's a community. So let's understand who's putting the community together.
- [78:01]
Chip
And you notice it's not any handles like, you know, you know, crypto boy or crypto buddy. You know what? It's. It's real people. Real Using real names who have a real background, traceable. You know, this is. This. This matters. Who found something. It matters, right? And you got two amazing people behind this project, which is again, which is another huge. Huge. And that have been around the community and not somebody just joined last week or trying to come into the xrp, you know, l. Community and take advantage of people that have been around for a while.
- [78:33]
Jeff
I was been saying we didn't answer the most important question that he asked. I didn't see the most important question. I found it here. I found it. I scrolled up. I meant to star. It important, you see, if you would have said the most important question. So we thought it was important, but it wasn't. The is. Is it only available to US residents or can people around the world participate?
- [78:57]
Chip
Yeah, it's open to everybody now. Again, it might depend on your country and regulation around a dow, but I believe at this moment in time, it's available everywhere. So I think it really depends on. And if Fabio's still here. He can answer that question. But I believe it's available, you know, anywhere. And Fabio's based in Australia. I know that. Yeah. And. And also too, if you think about it, Santiago is based in the US So Florida's in the house. There you go.
- [79:27]
Jeff
That's right. Everyone give a quick shout out what country you're tuning in from that to me. Country, city, state, whatever you guys want. Meantime, Chip, how many yetis do we have?
- [79:38]
Chip
We have exactly 16. So you have a really good shot of winning this 16.
- [79:43]
Jeff
Now, I know Joe buddy wants to put his yeti in the hat, so I'm just gonna roll out this song while we get ready to do the drawing, and then we can come back and get things going. I know you're short on time. You gotta run out, and so I want to make sure we. We get this rolling forward. So let me. Let me play this real quick.
- [80:04]
Chip
Go ahead.
- [80:05]
Jeff
It's only a minute. I was able to cut this down to a minute seven, if you can believe.
- [80:09]
Chip
That's pretty solid.
- [80:10]
Jeff
It's amazing.
- [80:10]
Chip
I know we were getting the two minute range before, but.
- [80:12]
Jeff
Yeah, almost. Yeah, that was one. Was almost three.
- [80:16]
Chip
And we will get going on this 17 from the blue Dragon. Word of the day, Yeti.
- [80:32]
Jeff
You got your ZOMON wallet ready? Why?
- [80:37]
Chip
Cause this is gonna be epic. It's time. Time to claim your legendary blue tribe.
- [80:47]
Jeff
Yeti of the clan Frost Beards. His name, Thorvold. Let's go on the chain. Badass Yetis.
- [81:30]
Chip
All right, guys, we're getting drawing legend. You want to put the background music on there, Jeff? And we're gonna go.
- [81:36]
Jeff
So here's a quick answer to the most. The most important question of the day. Thank you, Osman, for asking it. But the answer is worldwide availability may be some government restrictions. So check in with your restrictive government. You know, maybe if you're in Canada or something. I know they're super restrictive in Canada. Maybe some government restriction on crypto, but not for the zaldao. Look at that. So, yeah, it could be free for everybody.
- [82:07]
Chip
Depends on where you are. Right. So if you have local restrictions, that could be.
- [82:12]
Jeff
But restrictions on crypto, but not this.
- [82:15]
Chip
Maybe not a dow. Maybe not a dow.
- [82:16]
Jeff
Correct on a dow. You guys are good to go, it seems like.
- [82:19]
Chip
Put that background info. Let's go.
- [82:21]
Jeff
Oh, hang on, hang on, hang on. Wow. 16 ready to roll it go, Osman. Look at that. Big winner, winner, winner, chicken dinner.
- [82:58]
Chip
Winner, winner, NFT dinner. There we go.
- [83:02]
Jeff
All right.
- [83:06]
Chip
Song off there.
- [83:08]
Jeff
We can even turn it down.
- [83:10]
Chip
He said finally.
- [83:12]
Jeff
Finally, finally.
- [83:13]
Chip
Okay, let's get that wallet. And Austin, we also need to have your X handle too, but go ahead and did that. Jeff saying it's rigged. Come on, Jeff. Sutton says it's rigged. Ryan says, what up? Crypto coming at the last minute. Yeah, run.
- [83:32]
Jeff
Here.
- [83:32]
Chip
Charles says rigged.
- [83:34]
Jeff
Charles has won like 50 times.
- [83:36]
Chip
The biggest winner in in on the chain. History claims it's rigged. Grats Osmond. So flow says yes.
- [83:44]
Jeff
Justin said it stopped on him and then it moved on to Osman. So it's rigged.
- [83:50]
Chip
Yeah, I always hate that. It's like I wish it would just go. But you know, it's like when you spin that big wheel and it goes. It always goes click, click. You think you wanted. It goes one more click and you're like, oh, you know, you lose everything. So.
- [84:03]
Jeff
Look at that. This is Osmond's first ever yeti.
- [84:06]
Chip
That's. That is. That's great. Well, now that you own one, you can go ahead and purchase five more. Build an army. Build an army.
- [84:14]
Jeff
Baby.
- [84:15]
Chip
Blue and white tribe go to XRP Cafe. Yeah.
- [84:18]
Jeff
No. Joe said he was gonna play on his own terms and didn't play because he hasn't win.
- [84:25]
Chip
Don't worry, dude.
- [84:27]
Jeff
Next time.
- [84:29]
Chip
The virgin yeti holder. Beautiful. That's awesome.
- [84:32]
Jeff
Let me show you.
- [84:33]
Chip
It's beautiful.
- [84:33]
Jeff
Now let me show you what you want.
- [84:36]
Chip
Please do, Jeff.
- [84:37]
Jeff
Let me see if I can share my screen. Let me show you. Look at this. Look at this badass yeti right here. This is one of the Frost beards. This is. His name is Thorvald of the Frost beards. Now check this guy out. If we go large. Let me zoom back out. Look at that. Look at the detail on this guy.
- [85:00]
Chip
The Frost beards. Yet. Say yet. Say yet.
- [85:05]
Jeff
Yes.
- [85:06]
Chip
Let's go. We'll need your wallet and crossbeards. This is what Osmond said. He said. I said it earlier. The Thorwald was mine. And he did say it.
- [85:17]
Jeff
He did say it. That's true.
- [85:19]
Chip
It's mine. And you.
- [85:20]
Jeff
It's mine.
- [85:21]
Chip
You have willed it into existence.
- [85:23]
Jeff
You had to manifestation in the quantum field. You know, you can manifest things. You get into the quantum. All these quantum physics had a great fourth.
- [85:36]
Chip
Yeah.
- [85:37]
Jeff
Been reading a lot about quantum physics. It's very interesting.
- [85:41]
Chip
Just as he's. Sutton says he's still sitting at a perfect 0 wins record intact after hundreds of drawings. Worry, man. Everybody comes around. It comes around. I realize there's capital gains on the yetis. True story. All right, let's do this, man. Let's go ahead let's see.
- [86:02]
Jeff
Hang on. Did we get it?
- [86:04]
Chip
I don't know. I don't know if he put it.
- [86:05]
Jeff
I didn't see it come through yet. I'm looking on the. I'm going on to the YouTube so I can see if you put it there.
- [86:16]
Chip
Yeah, because we don't see it here for some reason.
- [86:20]
Jeff
It's weird how we only see, like half. Half of it.
- [86:26]
Chip
Yeah, it is odd for. For whatever reason, right? Yeah, I don't see it on there. I'm looking at it right now. I do not see it.
- [86:36]
Jeff
All right, I'm looking. Then we also. We also need your X. What's that?
- [86:42]
Chip
The. The top fans today. The King. And then we have Osmond number two. Then we have Ray run number three.
- [86:49]
Jeff
Man.
- [86:49]
Chip
Cool. How it puts a little. A little symbol next to him. I like that.
- [86:55]
Jeff
Now, if Streamyard could incorporate all that stuff. That'd be badass.
- [86:59]
Chip
Cool.
- [87:00]
Jeff
That'd be really badass. Trying to get into. Are you viewing on YouTube and you're not seeing anything?
- [87:08]
Chip
Yeah, but I don't see it. I don't see it here, so I don't know. I don't think he's put it up yet.
- [87:13]
Jeff
I'm getting.
- [87:14]
Chip
Oh, he has. He has put it up.
- [87:16]
Jeff
Okay. All right.
- [87:19]
Chip
I do see it now. Sorry. Right away. Unfortunately, that's how it works.
- [87:25]
Jeff
Both. Stay tuned. There it is. I see it. And then make sure you put up your. Your X handle as well.
- [87:35]
Chip
Need your X handle, too. We see it. We need your X handle. All right, here we go. Formerly known as Twitter. Here we go.
- [87:51]
Jeff
Oh, you know what it says? Invalid address. This has happened before. Invalid XRP address.
- [87:58]
Chip
Copy it.
- [87:59]
Jeff
It might not be. I copied and pasted it starts with an R. And wallet.
- [88:06]
Chip
Do you have XRP in that wallet? Anyway, we're not going to redraw King. Or he wants a redraw anyway. Jeff, I got a bail little R.
- [88:19]
Jeff
Ends with an 8. We need you to verify on the XRP Cafe. If you can verify in the XRP Cafe, that would be amazing. In the meantime, going to connect with you on X. We might have to take it offline. I know we had this come up before where it says invalid because you hadn't, you know, authenticated the wallet address with the XRP Cafe to allow us to do the transfer. And then if you connect it to the XRP Cafe, it simplifies it. So just go to XRP Cafe, connect your Zen wallet there. It'll ping you to authenticate, validate, whatever. You know, make sure you you swipe that and then it confirms everything.
- [89:12]
Chip
You also put the handle up there, so.
- [89:14]
Jeff
I saw that too. Yeah. So I got that. Going to get a post out to the big winner of the day. The biggest question of the day and most important question and big winner of the day. There we go. So, all right. I guess that's where we look at that. Jim D. Says, exemplifies a need for professional wallet custodianship. See, yeah, Imagine, you know, this is easy and fast. It should be even easier. We should be able to just be like, hey, just log in here. Boom, I'm gonna transfer it to you. You know, there shouldn't be a complexity.
- [90:00]
Chip
Yeah, exactly. So a lot of people have got this out. They would say, like, why don't I want to stake my xrp? I'm like, we don't. That's the good news. You don't move it. You don't do anything. There's nothing.
- [90:08]
Jeff
Another big question. There you go.
- [90:10]
Chip
But those will all be dispelled. We'll go ahead, we'll get the bring on the founders and then we'll go ahead and have a dialogue and you guys can know all your questions answered. But Jeff, I have to run, so I gotta get going. I gotta.
- [90:21]
Jeff
Let's wrap this up because let's go then.
- [90:24]
Chip
All right, guys, thank you for being here. There you go. Where's the. Here we go.
- [90:32]
Jeff
I'll be. Oh, good. Osmond said it's done now, but let me double check it. If not, I will ping you on the X. Let me put. Your destination is.
- [90:46]
Chip
Okay, guys, we'll see you guys.
- [90:47]
Jeff
There we go. Hey, it's working this time. Hang on two seconds.
- [90:51]
Chip
I gotta go. I'm out.
- [90:53]
Jeff
Two seconds, trip out.
- [90:55]
Chip
You gotta enter. You gotta end it, Jeff.
- [90:56]
Jeff
Oh, there we go. That's how it goes. Now you guys are gonna be stuck with me for the next hour because we're not really going to end it. We're going to transfer this bad boy over to Osman. There we go. Thank you for completing the most important of tasks so that we could transfer this badass yeti over to you. It is now badass Yeti number 251 has now been verified sent over to Osman. Big winner of the day, Osman. So glad to the. Glad that this is your first badass yeti that you have, which is awesome. Badass yeti of the blue tribe. And we. Saturday morning, Jeff ran time. Let's go. Let's start ranting here. Oh, I will postpone till tomorrow, but we'll check you guys back out here Sunday evening, 8:00pm Eastern Standard Time. We have a lot of other great things to dig into and talk about. Great to see everybody here. Thank you, Fabio, for. For jumping in here. And we will set up some time to have both Fabio and Santiago. Santiago on here live with us so we can dig in and. And talk to him as well. Love the Jeff rants. Thank you. I love them as well. I love that you guys love them. So that's, uh, super important, uh, to me, all sorts of stuff to dig into and talk about. Let's rant a little bit, uh, tomorrow night. And we've been on. On for a little while here, so if there's anybody, you know, tuning in from. From Texas, you know, stay safe. A lot of bad things happening over there in Texas with the floods and. And all of that. So I want you guys to stay safe and there's any needs out there in Texas, I. I bet the community here will. Will jump to help. So, anyhow, it has been a pleasure. Check you guys out tomorrow night. Sunday, 8:00pm Eastern Standard Time, right here with us on the chain. And we will check you guys out tomorrow night looking for the. The out. There it is. I'm out of here. Check you guys out. Have a good weekend. Are you down with otc?
- [93:17]
Chip
Please, like, subscribe and click the bell.
- [93:20]
Jeff
To be notified when the next video drops. All right, we're done.