
Loading summary
Jeff
Welcome to on the Chain. This is Jeff here with co host Chip. What is going on? Chip? What's going on? Everybody out there in the on the Chain world, you know who you are. You guys out there that are watching and listening over on the podcast. Looking forward to spending the next hour with you guys because we have a lot of cool things to talk about. Ripple seems to be under pressure. Or xrp, I should say, seems to be under pressure. Ripple is expanding institutions or expanding globally as institutions are embracing stable coins. I'm jumbling this whole thing up.
Chip
Damn.
Jeff
So here's the question. Here's the question. We want to dig through our stable coins going to replace xrp. We talked about it a little bit over the past couple shows, but it seems with more and more rollouts of the stable coin and Ripples embracing of the stable coins and the institutions embracing of Ripple embracing. You get it, the stable coins. A lot of embrace for all of the crypto. Who's embracing the crypto? Embrace it.
Chip
Embracing. Going on a lot of love festival.
Jeff
A lot. A lot of big, big hugs and. And all that. A lot of Kumbaya circles.
Chip
Yeah.
Jeff
And you know that thing. So we're going to get into that. We're going to talk crypto and get ready because we're also going to talk about geopolitics.
Chip
Yeah, we are going to talk about that as well. Let's go.
Jeff
We are so don't get a bench.
Chip
Welcome to on the Chain. Good morning. Jim D's in here early today. Good to see that. Jim D's been late a little bit in the last couple episodes. That's okay, though. He hasn't been here. Been late.
Jeff
Jazz club early.
Chip
Dad's never late. He's always the first one in here. Yeah. The jazz.
Jeff
Do they have breakfast at the jazz club overlooking the beach? You know, it'd be really cool. Was cool in that. Where were we? Over in that Cape Canaveral area.
Chip
Yeah.
Jeff
There was a pier not too far from where we're staying. And as you walk down the pier, there was a bar and there was a restaurant like midway down the pier. And at the very end of the pier there was a bar.
Chip
There was a. There was a bar stool there with Jim D's name on it. It's a Jim D on it.
Jeff
It did. And I think that I saw a caricature hanging up above the barstool.
Chip
Only evening shows. Only evening shows drop where you're coming in from. Of course, we never have to ask Chad. Chad Nauseam. He's always coming in from celebration always. Greetings from celebrations. Celebrate good always in. Have a good show. Heading to the cemetery to plant flags. Pay my respects to those sacrificed everything. That's great Mark.
Jeff
It is Memorial Day weekend and this is our time to remember all those who have sacrificed.
Chip
Yep. His favorite hanging out in the pier. Yeah, that's always a great, great thing. So very good and yeah, very cool. So let's jump to, let's jump right into it again. Let's do what you teach top here. Reese Merrick who is the, he's over there at the, he's the senior executive officer Managing director of the Middle east and Africa at Ripple. And, and he kind of put these two things out so this is interesting. So out of Europe we've got, we've got two stable coins issued on the xrpl. Two new ones anyway and the first one is this one, the Schumann Financial Transitioning European Finance. On chain they have Amica compliant Euro backed stablecoin and Europe, Europe becomes the first MICA compliant euro stable coin on the XRP ledger. There you go. Key step towards compliance stablecoin adoption enabling payments tokenize real world assets. And on chain finance from Europe and out of Brazil we've got the Braza's new USD backed. So you got a Euro backed and now we got a USD backed out of Brazil it's the USDB launching on the XRP ledger giving individuals and institutions seamless and secure way to move value across borders. And again Jeff, that plays into the what you teased earlier is like okay, if you're going to be using the stable coin to move across borders, what is XRP going to be used for?
Jeff
Right? They're using the xrpl. One of the things that we've looked at this entire time is how critical the XRPL is or institution for finance for all the different things that are going to be required. All these other chains didn't really have it baked in and so the XRPL stands head and shoulders above every other chain in terms of functionality and you know we, it has a, a native decks. There's, there's so much that can be done with the xrpl. Plus it keeps growing and developing, it can keep getting fine tuned to facilitate, you know and so as long as we have the, the validators on board and, and voting, you know, for compliant changes. But at this point what we're seeing is the secure aspect and the functionality aspect for stable coins. And what are they choosing? They're not choosing, you know, other, other chains, they're choosing the XRPO and this is from an institution level. So this is, you know, I think we're starting to see a massive trend rolling out and I, I believe we're going to see probably you know, a lot more and we're going to see you know, a lot more development and a lot more adoption. The question is what we're you know, going through and I'd love to see some commentary on this as well to see what you guys think. Does XRP then still have a place in time within this financial infrastructure? You know, where does XRP fall in if the initial use cases for Ripple anyways, how they were going to implement and utilize XRP and they were proving the case it wasn't. This isn't all about Ripple centric because there's all sorts of companies around the world that have been orchestrating and building within the XRPL and XRP trying to utilize it. But now that there's this new initiative in this new trend, where does XRP fit? You know, is it all going to be stable coin? Do we need XRP at this point for any type of settlement or liquidity? If you can get instant transfer, you know, do you still need XRP for that transfer or is it seamlessly transferring through the xrpl? Because we don't need an exchange, we don't really need the decks at this point. If we're building a USDB on the XRPL and chip if you want to send me USDB and now it's dollar backed so it's not even in a Brazilian currency and they want to transfer money from Brazil to the U.S. guess what? They move it to a U.S. bank in USDB and USD and the bank's like hey, that's backed by the U.S. dollar. That's one for one. I'm good with it. Yup, you're muted.
Chip
It's interesting that Brazil's taking that approach because you would think that I mean to do a USD backed stablecoin on the xrpl. It's great though. I think it's good. I mean it's more dominance for you know, the, for USD which is good. So what he, what, what Reese is saying here is between with USDB and BBRL and the xrpl Braza is creating a scalable bridge between traditional finance and crypto in Latin America. So that's really what it is. It's that financial bridge which and again be able to move very quickly cross border which you don't have that issue. And it really does solve all the problems of Any sort of volatility that you have with xrp. And even though it's pretty stable, we called it the best stable coin before the stable coin became available because the price usually was pretty. But, but if you're moving in and it goes by, you're moving $10 million and it moves by 2 cents, it's catastrophic, right? If it drops by 2 or it moves and this is where, you know, you see stable coins. It's so funny if you go to one of the, if you go to like coin gecko or something like that, you'll see that it's 999 and sometimes it just goes over a dollar by a little bit. Like I don't know what that's all about. It's pretty much stable. It's, it's, it's pretty much pegged one way or the other. We Ripple went ahead and put two blog posts up on this talking a little bit about it. The Euro, the Euro P is fully euro backed redeemable stable coin by Schumann Financial. This is interesting too because it looks like a third party that licenses. It's an EMT issuer regulated by the ACRP and then it's also Amiga compliant too. But it says it's under the supervisory authority of the French central bank. So that's another really interesting thing that the central bank of France is sort of like overseeing this. And then addition the European reserves are regularly audited by kpmg, big auditing firm, well known safeguarded at Europe's leading financial institutions, including Society General, which is, this is, I think most people's concerns really come down to this. The fact that you know these audits, right? Are these audits if you say it's backed by the euro, do you have the reserves there? You know, you have a pretty reputable firm like KPMG that's doing the audits. It's being overseen by the, the, you know, the, the French central bank. So you feel like there's some safeguards and it's Mika compliant as well. So you feel like there are some safeguards in there. It says it'll give Europe and the euro dominated financial markets an integral infrastructure for the next wave of financial innovation. So they're doing over there kind of what you know we have with the USD over here, but having it in the euro itself. And what's interesting is, is this, it's really the first, I mean the putting the Euro on the xrpl which is, which is great. And I expect to see a lot more now with the new regulation coming on here in the United States there will it did go ahead and pass the House but again once it gets to the Senate they said there's going to be changes and. Or is that my confusing that bill? Is that the right one, did they say. Trying to think. No, no, I'm thinking of the big beautiful. The big beautiful bill, right? Yeah, the big beautiful bill. But but the regulation on the stable coin side of the House too is that there were some things that were standouts especially you know I saw a video the other day where it said that, you know, Circle is not even going to be compliant with this new legislation that's rolling out in the United States. USDT is also not going to be compliant because it's outside the United States, although they they regularly get audits too and there's supposedly they're good and supposedly the reserves are there although there's been a lot of a lot of speculation that they have invested a lot into Bitcoin itself and that could cause a potential issue. So since for Schumann Financial it's the first step on the roadmap built around euro dominating payment use cases across the ecosystem powering the euro leg of on chain transactions. So it also says the European on the XRP ledger demonstrates how stable coins can meet the high standards set by Mika while unlocking new possibilities for on chain uses such as payments, real world tokenization assets and the Europe putting it places clear supporting regulation, institutional adoption, accelerating the region becoming a key market for stablecoin innovation. And then over here we got the Brazil1 Brazil announcement here out of Sao Paulo, 15 years in operation, currently ranking 6th in Brazil's interbank operations. According to Basin Brazen moved USD1 1.079 billion in 24 hours this April. Interesting. Nearly BRL 6 billion transacts it in the in the interbank market itself. The leading foreign exchange bank already includes another stable Coin its portfolio which is the BBRL that was launched earlier in 2025. Both the BBRL and the USDB are issued on the xrpl. So it's the second one that they're putting on the xrpl giving Braza a unified scaling infrastructure to support the real world financial use cases. According to Marcelo Sakamori, the CEO of the Braza Group. Launching another digital assets another way to foster new business models to add value to both the Latin America and global markets. With usdb, Brazilian individuals and companies gain new alternatives to hedge against volatility and speed up their operations. So we are also committed to offering stable coin that not only meets but Exceeds the highest standards. So, yeah, that's. It seems like it'd be a good tool for business as well, especially if they want to put value, you know, just stabilize whatever. Put it in the USD because, you know, the. Can be a little bit more volatile. The. What's the native Brazilian. What is it called? Is it called the real? What is it?
Jeff
What is the real?
Chip
Yeah. So, yeah, yeah, they're saying that this is also hedging against, you know, a little bit of inflation here by issuing both of them on the ledger, both. Both of these coins, the browsers helping lay the foundation to a more connected and efficient digital community in Brazil. So it's pretty good. I mean, second one, 2025. I mean, we're only. We're not even halfway through. They've already put, you know, already have two of those out there. So it's good developments to see what's happening. And the xrpl, you see, there's a lot more adopt. Adoption of the XRPL obviously, for, you know, the interoperability, you know. And Jeff, you brought up the point that if they're going from USDT on this, on the Brazil one, and they bring it and they send it here, it's an all 10 purpose. It's a stable coin, and it is USD backed already. So there's really not much. I think you have to do nothing to convert. But if you had to, if you wanted to go to us, I'll take it out through u. S funds. Or you wanted to put it into bitcoin or whatever. That's where the. Where the XRPL really comes into. Comes into play there.
Jeff
That's right.
Chip
So we'll see. And again, we still have to get through the stable coin legislation on our side, and that seems to be somewhat of a struggle still. I think there's still a little bit of a struggle. There was an interesting post by John deaton here that I wanted to chat a little bit about. Thought we kind of workshop this one a little bit. But John floated the idea of who would be on your bitcoin or your crypto Mount Rushmore. You know, if there was a Mount Rushmore and you could have like five faces up there. And so he said that his crypto, Mount Rushmore, is comprised of five people. And at the very top on. On a level of all of his or her or their own is Satoshi nakamoto. Under Satoshi's blank face will be four others. Who's your four? And so the nominees he has up there, Vitalik Buterin launched Ethereum. He's got Jed McCaleb, who's the co founder of Ripple, XRP and XRPL and founder of Stellar. He's got Joel Katz, better known as David Schwartz, Ripple cto, former bitcoin developer up create the XRPL and was issued a patent for predating the advent of blockchain technology, a multi level distributed computer system. He's got that patent. It was granted back in 1991. There you go. That's why some people say that, you know, he's got a lot more to do with bitcoin than people let on describe. In a multi level distributed computer system designed to divide tasks among a network of computers. Patent showcases the early contributions to the field of distributed computing. Lying groundwork that resonates with modern decentralized systems. Charlie Lee, Remember Charlie Lee, Litecoin, the best life ever. Living the best life ever. I'm guessing.
Jeff
I know he is.
Chip
He created it, he dumped it and we still see it on the bottom ticker of every American news broadcast. For some reason he cemented that in in play. When he dumped his bags, what were you? 300 or something like that? What do you remember?
Jeff
So large. It was so big. It was amazing.
Chip
Remember that? Then like they were coming after him. He was like. Well he had some dumb excuse. Sergey Najirov, founder of Chain Link I don't even know who that is or who is that? Oh, oh wait. I proposed money. Oh crap. Nick Szabo created the bit Gold and other bitcoin predecessor coined the term smart contracts in the 1990s. You had Adam Back who invented Hash cash proof of work system used in bitcoin mining. Yet Hal Finnery who passed away a long time ago. Sometimes people said he was Satoshi Nakamoto. He was the first bitcoin software. Satoshi received the first bitcoin transaction ever. Gavin and Andreason became Bitcoin's lead developer after Satoshi's exit built the foundation of the bitcoin core. Brian Armstrong co founded Coinbase, the most widely used crypto exchange. The most widely hacked crypto exchange that has not returned all funds. Brad Garlinghouse, CEO of Ripple, overseeing acquisitions of Hidden Road, Standard Custody and Trust, Metaco, RL, USD, so on and so forth. You had Jesse Powell who is the co founder chairman of Kraken. You have Charles Hoskinson who is the co founder of Ethereum and founder of Cardano ada. Joe Lubin who is a loser co founder of Ethereum and Consensus. I don't see Joe Lubin as anything CZ did Finance or how much time do you serve in prison, Jeff, was he in there for.
Jeff
It was short. Short, if at all.
Chip
It wasn't in there that long, A couple months maybe. Because I know he, I know he's out and I know he's on this back on the circuit and stuff, but I don't think he's connected to Binance anymore, is he? Let's see, I know the CEO of SafeMoon got busted and he's going to prison for a long time. Wasn't so safe and it didn't moon, so it didn't work out so well.
Jeff
Former CEO of Binance. Just looking at the prison, let's see, he resigned in 2023. Let's open this up guys. Worth a decent amount of money. It's born in 1977, that guy, he's from Jingzhou, China. He's got nationality of Canada and the uae.
Chip
Yep. Paulo Adriano, he's the CEO of Tether.
Jeff
He was, he was. Oh, he pleaded guilty to money laundering charge in the U.S. was sentenced to four months in prison in April 24 or April of 2024. Completed his sentence by September of the same year. He was ranked by Forbes the 24th richest person in the world, second richest Canadian overall and has a net worth of $64.8 billion as of May of this year. On May 3rd, just recently he was appointed as an advisor to the president of the Kirj's Republic. So that's kind of interesting. He's an advisor of some country. I don't even know what the Kirj is. Kir. Oh, Kirjizistan, which officially the Kirjaz Republic is a landlocked country in Central Asia. Lying in the Tnshan and Pamer mountain ranges. Bishkek is the capital and the largest city. Kyrgyzstan is bordered by Kazakhstan to the north, Uzbekistan to the west, Tahmid, Tajikistan to the south and China to the east and to the south. So he has gone from crypto to being an advisor to the president of this republic, which is kind of interesting. But it, it's also interesting, you know, to see over his years he actually grew up in Canada. Zao helped support his family by holding down a number of service jobs including working as a fast food clerk in a McDonald's restaurant and at a gas station. Went to McGill University, which is interesting and he majors in majored in computer science. Know a bunch of people that have gone to Miguel. So that's his history. That's. That is CZ Interesting. Interesting trip.
Chip
Yeah, I'll tell you what, this guy Paulo Arduino, the CEO of Tether if you look up the, look up the how much Tether is made makes on an annual basis. Insane. The amount of money I think it's outpaced even Goldman Sachs. It's a huge thing. I saw something the other day. I think it might have been John de put something up but according I was just trying to find it while you're reading through that Jeff that they were audited by the U.S. but I, I don't see anything to that point because I keep pulling up stuff that it's there's going to be an audit and they're putting a new CFO in ahead of the audit. Supposedly this, this article is from March but I haven't been able to find detect anything because I also saw you know this, these like here Tether's like yeah, trust me, I'm good for it. I've not seen anything on the tether thing on the side of things so I don't know. Of course Michael Saylor, Bitcoin's number one bull led the first large public company to adopt Bitcoin as a treasury reserve. You got Roger Ver who's was known as Bitcoin Jesus first investor and he's also running from the law he's now cast hopefully that he gets pardoned and gets come comes back into the fold. Big Trump supporter as well. Free speech. Andreas Antonop, he's a original bitcoin disciple. Yeah, sorry, original bitcoin disciple doesn't go on Mount Rushmore. Crypto Rushmore. I don't know, something seems something very weird is going on with Twitter right now. Nothing is like loading, nothing, searching. It's another some kind of an outage. So you've got Jiwan Wu, co founder of Bitmain. Of course you have Jack Dorsey. You know again he has nothing. Elizabeth Stark, co founder, Lightning Labs Lynn Alden, respected micro economists and bitcoin analysts followed for deep research in bitcoin advocacy. Saif Dean, economist and author of the Bitcoin Standard and you know, Mahlers and BR Brock Pierce and easily add Caitlyn Long to the list. Founder, custodial bank and key advocate for bitcoin friendly regulation. Makes sense to have two separate Mount Rushmores. A bitcoin Mount Rushmore and a crypto route mushroom. No, it does not make sense to do that because that would be for propagating the same BS as always. That's a dumb idea. The whole idea is dumb. And you know why? Because I weighed in on it, I talked about how dumb it was. There you go. So I said, sorry, Satoshi Nakamoto doesn't count because there's no face, there's no statue. And he did say that would be faceless. But what do you do? You put a. A faceless thing up there. Sorry, man. Can't be identified. You don't belong in there. Sorry. Yeah, still. Still too early to crown the rest. Anyway. I'm not knocking the idea necessarily, crypto rush more. But let's be real, Jeff, that's like carving Mount Rushmore 16 years after 1776. We're 16 years into this experiment and now we're gonna have a Mount Rushmore. I mean, can you imagine 16 years from 1776. I'm like, it's just too soon. It's like you don't know how things are going to play out. We don't even know where crypto's going. So it's like, I have no idea. I get where he's. You know, it was just something. It was a fun idea. It was nothing really.
Jeff
More than not gonna happen.
Chip
I'm not gonna happen. There's not gonna be.
Jeff
Not gonna happen. So zip tips. Crypto said beyond stable coins, which even those require XRP to be used to settle because.
Chip
Yeah, well, it burns.
Jeff
It's burning XRP in the background. Little fraction of an xrp. Since XRP is the rail being used for every transaction, other utility that will be used is the tokenization of assets. Exactly. This is. And I'm glad you brought that up like the UAE is doing with real estate. XRP IOV. Well, move all finance and RWA's real world asset. So we are going to see the tokenization of real world assets. It's a really important move. And that's real world asset. Could be real estate like zip is bringing up with what's going on over the uae. It could also be fractional share ownership of whatever. You know, it could be. You know, when they start tokenizing stock shares, then it's an easier move of fractional share ownership of that. I think we're starting to, you know, we've seen fractional share ownership on different platforms over the years. But then, you know, being able to truly own and possess that, that fractional share and be able to move it, you know, quicker. And I think that's what we're going to see is the seamless movement of real world asset from person to person, party to party, without all the. The interference. So, Chip, if I had fractional ownership of real estate And I. And it's being hosted and backed, you know, through the xrpl. And, you know, XRP is going to be the. The technology and, and the vehicle. And let's say I wanted to move it to you. I own real estate in the uae. I now want to move it to you. It's tracked on the blockchain. We put together a contract. I move it to you, you now own it, and that's the end of it. You know, it should be an easy transaction, documented, you know, throughout history. So I. I love the direction that's going in, and I'm glad Zip brought that up because, yes, there still is, but we're not there yet. We're just starting to see the beginning parts of that.
Chip
So we're not there. And. And Jim D. Said, speaking of faceless, Bearable bowl and Mask himself. Yeah, that went around the Internet. Jeff and I got to spend a pretty good amount of time with the Bearable bowl when we were in Australia together. I got to know him pretty well. He's good. He's really a good dude, and it was great to see that. And I, I mean, I. I hammered him a little bit. So did Jeff. I was like, look, dude, you know, how you gonna gain any trust in the community if you don't come out, you know, as somebody, if you're totally anonymous? And one of the things I think that surprised me the most was and speaking to him, he does not sound like somebody in his 20s. He's. I thought he was probably late 30s, early 40s, but he's not even 30 yet. So he, he also made that acknowledgment. And I have talked to him, you know, outside of, you know, as well, the Bearable Bull. So he's. He is a good dude, and he's got. He's got his head in the right place and his heart in the right place. And it was good to see him kind of come out and. And do a video and kind of show his face and take a different sort of approach with. With it. And his videos are always entertaining. I always enjoyed watching his videos. But again, when you spend time with somebody aside from outside the videos and you get to know them a little bit, you know, discussions about life and about just, you know, generalities, you get to know somebody on a different level. And he, like I said, he's really, you know, he's. He's a good dude and total legend in the space, and it was kind of good to see that he kind of made that move. Kind of surprised me Kind of came out of nowhere because when I asked him, I'm like, dude, what's with the get up covering your face? It's got to be painful. Why are you doing all this? He goes, do you live life on your terms? And I said, I do. He goes, these are my terms. And I said, okay. So I was like, glad to see they changed up his terms.
Jeff
Yep. So what's important in. In this financial space, you know, when you start talking, the anonymity, it can be there to an extent, but at least you know, the face is. Is the most important, you know, so you got to come out. And we get a lot of the anonymity within this space. So, yeah, I thought that was a really critical move overall. Hey, we're almost at the bottom of the hour. I just want to throw this up there. How many yetis do we have? I haven't seen any yetis.
Chip
We only have one in here, but there's something going on, dude, I don't know what's going on. Like, nothing's loading on Twitter right now.
Jeff
Well, hopefully we can. I'm gonna play this, and maybe we'll.
Chip
Only have one yeti. One yeti.
Jeff
I can't believe it. That's shocking.
Chip
Well, you have a pretty good chance to win, whoever that one person is.
Jeff
Let's roll it, Chip. Let's roll it. Roll it, roll it.
Chip
Go. Pull. Draw. Oh, now we got three. See, now people are jumping in.
Jeff
That's how it goes. They. It's the FOMO jumping in and the. Okay, here we go. I'm gonna roll this.
Chip
Hey, you got your Z wallet ready? Cuz this is gonna be. Yeah. Back. It's time. Time to claim your legendary blue trib. Yeti of the clan Titan. Let's go. On the chain that I born for battle made for legend. Claim your forgotten that as yet is on the chain.
Jeff
Wow. Bam.
Chip
Bam.
Jeff
I like that. Transition goes.
Chip
I love the badass. That was some good stuff. Okay, see, now we've got nine. So you got a one in nine chance of winning. See how that works, Jeff?
Jeff
That's right.
Chip
So Justin, your girl won last time. He's never. Justin never wins, though. But his girl was already got. He gave her. Well, he won and then he gave her the badass yeti because it was super cute. And now she wanted the land, so it's very cool. So you know. You know, the crypto is this. It's called. It's called yeti poke music.
Jeff
Yeti poke.
Chip
Viking Yeti poke.
Jeff
Yeti poke.
Chip
It's a New genre. We're inventing new genres all the time around here. So Brad Garlinghouse, you know the crypto minute. Jeff, do you know that Garlinghouse is. Since they rolled that out a couple years ago, he's never done a crypto minute like everyone in the company has done it except for him.
Jeff
That's right.
Chip
And you can hear he's a little, he's a little bit miffed in the very beginning of this, but Brad Garlinghouse did his very first ripple crypto minute and here it is.
C
Definitely hurt, but also excited that I was overlooked for years before being on here, but now here I am. Hi, I'm Brad Garlinghouse. This is crypto in one minute. One minute on why are people excited about crypto ETFs? I think there's two main factors going on here. One is for the longest time, institutional investors, investors primarily trading on Wall street, really haven't been able to access crypto directly. Their options were to either self custody onboard with an exchange. And some people don't like centralized exchanges for a whole host of reasons. So this was really the first time you had institutions be able to go on Wall street and trade directly in crypto. This is an unlock for a couple reasons for capital that couldn't come in, whether it's an endowment, whether it's a pension fund, even mutual funds that didn't or couldn't access crypto. Now they can. The second thing is it really is institutionalizing the entire industry of crypto. I think it should be no surprise, surprise that a the bitcoin ETF was the fastest ETF ever to get to a billion dollars in assets. I think it passed 10 billion in assets faster than anyone as well. And today is, I think we'll eventually close in on the gold etf. And that's in one minute.
Jeff
Wow.
Chip
Damn, look at that long did that take to get that one minute?
Jeff
Awesome. That was awesome. I love it.
Chip
It's pretty good. Pretty. I like that they're synced, you know, succinct, because you have to, you know, those are the two big reasons. And you brought up a good point too, that because, you know, you say like in a 401k and your pension fund, all this stuff, it's like, well, no, we don't have crypto, but see an ETF now you have that, you have that access. So ETFs that do play a good part and we'll get more adoption by the fidelities of the world, which is a really good thing. And it gives People another option to, you know, park money, which is. Which is a. That was a very good point that he brought up there. But I think he probably had to do that a couple times. He. Because Garlinghouse is smooth as hell and he only tripped up a couple times in that thing because he was hurt. Because he. Because he was definitely hurt, but also excited. Definitely hurt, but a little excited.
Jeff
A little excited. That's a nice clip.
Chip
And Treasury Secretary Scott Bessent, who's been tearing it up lately, this guy is like. This guy is like iron. Like you can't shake him. He's an immovable object. They come at him. He's got one speed. His one speed is just. Oh, yeah, man. Yeah. Justin said he totaled his car three nights ago. Struggling back to lifting, reinforcing himself to do it this morning. Justin, man, I just.
Jeff
He said he hurt his wrist the other day.
Chip
Yeah, he said you hurt your wrist, which is probably.
Jeff
How's your wrist? Yeah, you gotta make sure you're protected.
Chip
You don't want to stress that. Dude. Yeah. So what's going on with the car? I guess you got to get the insurance involved and everything else and I guess depends on how. How it got totaled. Somebody hit you or whatever happened. But it doesn't take a lot to total a car. You know, my. My youngest had a accident two years ago and the car got totaled. And you know, once that frame gets bent, once you have some structural damage, you just can't come back from it. You can't?
Jeff
No. Then it's done.
Chip
You can't fix it, you know. And so again, you know, she totaled her car and it's like. And unfortunately, sometimes you get left with holding the bag because depending on, you know, if you own the car outright, can you replace it for the money they're going to give you if there was. If you were making payments on it, you know, same sort of scenario where the money you owed and can you replace at least what you had? And a lot of times it turns out you sometimes can't. You know, when we got the money from the insurance company, it was like. Because you have replaced the same exact vehicle in the same type of vehicle. Not really with. Based on the insurance money. So that's, you know, there's always that bit of it, but that's always tough.
Jeff
My next door neighbors, last week they came home, the entire side of their car was destroyed. So what had happened? The driver's side, they were heading south from Boca on I95. Somebody with out of state plates came in for Whatever reason merged into their lane. Sideswipe them out from the back all the way to the front of the car. Destroyed, you know, messed up, like, really destroyed the side of the car. And then he took off.
Chip
Then he was hit and run.
Jeff
Hit and run on the freeway while you're driving.
Chip
Wait, somebody swiped the whole car and.
Jeff
Just kept driving and kept driving.
Chip
Nobody got the license plate? Nothing.
Jeff
So what had happened? So they ended up navigating. They got off at the next exit or an exit after, like, 20 minutes later, you know, they were waiting. The police were there. They're like, filing the report. A woman comes around in. In her Escalade, and she goes. I saw the entire thing. I followed the guy. I took a picture of his license plate. She. And then she goes. But she goes. Then she. She goes. But I didn't know what exit you guys got off at. So I've been getting off at different exits, hoping I would run into you.
Chip
What a nice person.
Jeff
Can you believe it? Yeah. So she captured the whole thing.
Chip
Oh, God. Did she have it on the camera?
Jeff
Yeah, she got it on the camera. Got video, got picture of it. And then. And so they just got their car back yesterday, and the whole car is fixed. Like, it was amazing.
Chip
So what ended up happening to the person they tracked down? I mean, did they get them for.
Jeff
I don't know. I didn't get that. They haven't got that information. Yeah, but hit. I mean, can you imagine? But the guys had out of state Pennsylvania plates. So. Completely out of state. So who knows if he left right after, you know, whatever the situation might be, but just crazy.
Chip
Oh, yeah. It was liability insurance. Shake my head. It was an 04 Alero with a 221,000 miles. Well, there you go, man. It was 220,000 miles and it was still working. All right.
Jeff
Massive. That's impressive. Look at this. If you take the insurance company to court, you'll get full payment. But most people don't do this. They just take the cash. Yeah, I think that that's a good point, you know, because at some point, someone's insurance company is. Is liable and responsible to help with that coverage. You know, Florida. No fault. No fault. You know, definitely an issue. But at the same time, I've had scenarios. I remember I had my car came out to the parking lot, and someone had sideswiped my car in the. In the parking lot. Same thing you call your insurance company. No deductible. That was in Michigan. Another time I had my convertible Saab. I was in a parking Structure. Stupidly my fault. I decided I had to close my top in the parking structure. I didn't think about the height of how far high up the top went. So it came and I, and I knew as soon as I hit the button it was too late and it frayed the entire front of the convertible top. Called my insurance company and they're like, yeah, happens. And I ended up getting repaired. It was like an eight thousand dollar repair or whatever it was. But again they, they covered it. So there's like scenarios that that's the purpose. You know, insurance is supposed to be there to be helpful. You know, it's so crazy. You know.
Chip
We have 11 yetis.
Jeff
Okay, here we go.
Chip
Oh, he says he sent the Jeffs. He sent the pics to you. Yeah, for some reason there's something going on with Twitter, man. I can't. So my DMs have been locked or something. So go ahead and pull up the photos there, man. All right, let me see DM them.
Jeff
Oh, look at that. Yeah, it says something went wrong.
Chip
Yeah, see, there's something weird.
Jeff
Can't even log into Twitter.
Chip
No, it's like I, I'm glad that I pulled all these up because I can't pull anything up on Twitter right now. It's, it's great.
Jeff
No, there's something wrong with it.
Chip
There's something going on with it.
Jeff
So we'll, we'll get, Let me see if I can get to messages. I can get to messages though.
Chip
Yeah, see if you can get there.
Jeff
Holy. Holy what? Let me, let me see if I can open these. Hang on a minute.
Chip
Yeah, while you're doing that, I'm going to play this clip by Scott Bessant. He's talking about digital assets and it's interesting what he says here. Let's listen in.
Jeff
Look at that.
D
Going big on digital assets. So Trump administration has made digital assets a priority. Past administration starved and almost made it extinct a lot of these companies and push that offshore. So what we want to do is apply the highest US regulatory and AML standards to digital assets, especially stablecoins. And I've seen estimates that just over the short term stablecoins could they create 2 trillion of demand for US traffic treasuries and treasury bills. To put that in context, the number is probably about 300 billion right now.
Chip
So you can, you can see a little diggy got in there because the last administration tried to make these companies go extinct and they moved it all offshore. So it was nice that he was, you know, basically pointing out the Contrast. Because people always want to say, well, what are you doing? Well, we're doing something very different than the previous administration, so it was good to hear that you got those pics there, Jeff.
Jeff
Yeah. Look at this. This is crazy.
Chip
Oh, damn.
Jeff
But that's the front windshield too. Front windshield's out. Just demolished.
Chip
Yeah, I think, man, you're so lucky.
Jeff
You walked away from that with just a wrist issue. Yeah, it's because you're holding the steering wheel. Probably the jarring of the steering wheel or potentially from the airbag. Damn, man, that's crazy.
Chip
Totaled, just like that. 221, 000 miles. It served well. It did its job.
Jeff
And it protected him. And it protected him in the. In the time of need.
Chip
That's right. You know, airbag went off and, you know, if you only had a wrist. And he's super lucky to be because man could have been more kind of. Oh, there you go. Oh, yeah, look at that. Bam.
Jeff
That impact right there. Hold the tire.
Chip
Yeah. The tires all bashed in. Frames, all bends, man. Man, there it is. Walked away from that. It's a blessing, man. You gotta. Just gotta rehab that wrist and you'll be, you know, getting back to it. Getting back to it. Look at. Jackie's in here with the Yeti going on. So we got 15 in here right now. You got a 1 to 15 chance.
Jeff
Almost not late is almost not late. But he wasn't.
Chip
You're close. But not almost not late. Almost. How do you be almost not late? We can't really say much yet because we're almost always late. So.
Jeff
So I think. I think that the windshields are meant to pop out, you know, from a safety perspective also. Yeah, I think they are. And so maybe not in all cars. I know that back in the day in the vws, they were made to pop out like in the VW Bug if you had an impact. Because obviously if you go head first into your windshield, you're gonna have a problem.
Chip
Yeah.
Jeff
If you go head first out of your open area. When I was. When I was five, I probably told the story before we were. My mother had a Volkswagen bug and the tires blew out. We're driving from Arizona to California. Obviously no seat belts, because who wore seat belts back then? I was in the way back. So I was in the car. She went flying out the front windshield. The windshield popped out. She left the vehicle and the car flipped three times. And I was inside the vehicle as it flipped over three times. But I was in the way back. I wasn't even the seat. I was in the same storage area behind the back seat because that's where I would go and hang out and play. And so I got. That probably was what saved me because it kept me contained in the vehicle. And then, you know, she went flying out. She was in the hospital for a long time because she ended up going head first into a wall and fractured the clavicle and femur and like was really messed up for a while.
Chip
Been totally lost after that. Trying to figure out what happened after that accident.
Jeff
Crazy. That was insane. But yeah, but that was the purpose of the windshield.
Chip
Well, I don't know, man. Purpose of the seat belts would keep you in the car. That's the purpose.
Jeff
Right.
Chip
Versus the seat belts.
Jeff
I mean, you know, that was pre seat belt.
Chip
There's Lucky, Lucky Jen, Lucky Jen Moore. There she is right there. Yet high. All right, so let's do this. Let's go ahead. And I want, I wanted to transition a little bit more into the geopolitics world, but I wanted to get into this hearing, this past hearing that happened. We have our, one of our favorite senators, Senator Kennedy, who has all. Usually has some witty one liners, but he's actually at a loss for words in this clip here. But if you, it seems to be so much fraud and everywhere you look that you just can't, you can't almost identify all of it that's been happening. But this was, this is something that just wasn't even on my radar. And I didn't, I just happened to come across this clip. But let's watch this. This is pretty insane stuff here.
E
The 76 day period you're talking about, that's the period between the time that President Trump was elected and President Biden left office, is that right?
F
That is correct.
E
During that short period of time, 76 days, how much taxpayer money went out the door of the Department of Energy.
F
From the loan program office in loans and commitments? $93 billion. Well over twice as much as in the previous 15 years. There is lots.
Chip
Jeff, let's break that down. $93 billion went out and the 76 days between when, when Trump was elected and he actually took office, $93 billion, which is more than the last previous 15 years. Okay. Something seems a little that all of a sudden my guard's like, oh, well, that doesn't seem right of a sudden. Right. So that's a little bit insane. Years.
Jeff
Who's playing attention?
F
There is lots of funds that have gone out the door and commitments that were made from businesses that provided no Business plan, no numbers about their own financial solvency or how this project.
E
So you're telling me that the Department of energy, in the 76 day period before their boss was going to leave.
Jeff
Office.
E
Gave our loan money to, to entities that had no business plan.
Chip
Correct.
E
No financials.
F
Correct. That's. I've come in with great concern about how this institution, this great American institution has been run and how American taxpayer money has been handled.
E
But you're going back through and checking each one of these loans and these grants to make sure there was no stealing, aren't you?
F
We're looking at that. And, and yeah, my, my blood pressure is rising right now just thinking about what we have seen and what did happen at the department.
E
And you're going to tell some of these boondoggles know, aren't you?
F
That's correct.
E
I am. It's rare that I'm speechless, but I want to be sure I understood. The people running the Department of Energy for President Biden's administration shoveled $93 billion, not million, $93 billion out the door in 76 days. And it just happened to be the time to. Between when President Trump was elected and President Biden, their boss was leaving. Is that right?
F
It is. Correct. And distasteful confidence, undermining.
E
My God.
Chip
I mean, what, Jeff, I mean, what. I mean this is the kind of stuff that it's, you know, there were, they were so worried about like this, the big beautiful bill because they're saying all the cuts to Medicaid and Medicare. Well, the cuts aren't for people who are legitimately getting it. They're for the illegals that have been getting it. So they're not. So now you have the Dems defending, illegals getting benefits. You have them defending. They're on the wrong side of every issue. You know, you recently had the South African president and now they're saying, no, those crosses did not represent, you know, dead people. No, they did not represent. I mean they're on every side of the issue. They take just the opposite side and it's not a winning formula for them. And I love the fact that they're, you know the famous phrase, never interrupt your enemy while they're in the process of destroying themselves. And they are destroying themselves in a really good way, I expect. I, I predict that a lot of, a lot of people that on the Dem side that will not, will just step away from politics. We already starting to see it, but I think more will fall, I think as the USAID heats up and we start seeing that this, a lot of that money was funneled not to the politicians, but the politician family members were on the dole and on the take. So you have $93 billion going to institutions that don't even have a business plan, zero financials, nothing. They just asked for the money and they got it. So we're, to me that seems like another. Who are these companies? Who's associated with these companies? Who's really getting these from this money? And is it tied to politicians? Who or politicians friends or. It's all interconnected and the corruption we see always yet to follow the money. And this is just another boondoggle. Whatever. It's just, it's horrific. You know, there's been a lot of, been a lot of speculation with, with, you know, not what, as to why we have the, you know, Jake Tapper writing a book and they're trying to talk about, you know, they were duped and, and it was, it was super unfortunate and they, they really didn't know anything about it. They, you know, but the bigger mission at hand here, Mark Victor Hansen talks about it. This is, he gives kind of a good sort of analogy of what, what he thinks is going on with this whole surfacing of the book. And they're, you know, he, Jake Tapper, fake Tapper as I like to call him. Here we go.
D
Hey, are we here? Why did he write a book now? Well, the obvious answer is that Joe Biden has no power. And these media people in Washington are, they're like moss to a flame. They gravitate power. And when you don't have power, you don't have friends. And there's no downside in telling the truth. Why didn't Jake Tapper write this a year ago? Because he knows what would have happened. Somebody in the White House would have called up and said, tapper, no one from CNN is going to get a seat at a press conference. There's not going to be any CNN interview. So he backed down. And now in a very cowardly fashion, now he comes out and he is blaming the White House cover up. But what he doesn't tell us is the White House cover up would have been impossible had not cnn, msnbc, pbs, NBC, abc, CBS all conspired with the White House staff to downplay, not just downplay Biden's cognitive decline, but attack people. Bottom line, they had more interest in protecting this left wing administration who was using this waxen effigy of Joe Biden and for someone's purposes, we don't know who was running the country who was giving him the auto pin, executive orders. We don't have no idea who those people are. We have a suspicion that was the Obama crowd. But nevertheless, they didn't care about that. They did not care about that. All they knew is that this was a left wing agenda and it had to be preserved by any means necessary. And that included line covering up and worst of all, demonizing and attacking people who sought to tell the truth about Joe Biden.
Jeff
Interesting take on it. You know, I mean, we think about the media that everything that they had done to protect and cover up and now they, you know, now they realize things are changing. The legal system is correcting itself. People are going to be held accountable for the lies and the coverups. The media personality, they're like chameleons, you know, they're actors, they're actresses, they, they play their part, they read their script, they do what they're told, they get paid their money. You know, they're kind of like, you know, monkeys in the, in, in the zoo, you know, that and, and that's it, you know, so now, now that they are done with that and the narrative's changing, they've got to change their narrative also because they got to fit the time. And it's crazy to me that, you know, that they forget that all this was on video, it was all recorded. But you know what? The, the good thing for them, the, the, the net positive is that this culture, this generation that used to be a culture of idiots is, is now, you know, a culture of, you know, of, of short clips, of meme posts, you know, of what, you know, it's, you got to watch it in 30 seconds or less and whatever the, the flavor of the day is, that's what people know. So, you know, a year from now, two years from now, they know that everybody's going to forget about what happened. The, the majority of the, of the populace, they're going to forget about it. They weren't paying attention to begin with. That, that close of attention, you know, they, you know, and so there's always going to be that major disconnect and I, and I believe that, you know, that that's what they count on on our side of it. Obviously there's a lot of people within, on the, you know, conservative side that are hyper focused on the media and the news and, you know, paying attention to what's going on. But again, the next thing's going to come up. People are going to forget about it. They're not, they won't even remember who he Is, you know, and he'll go back on to his TV show and he'll keep doing whatever he's doing. And low ratings, no ratings, good ratings, it doesn't even matter. But they're going to forget, they're going to forget that he lied during the Biden administration because again, the flavor of the day, people are going to forget about it. But that's, but they're taking advantage of, of this culture, you know, again, which was, you know, and I always reflect back to the video culture because people are so tied to what they saw on TV that it was all about tv. Now it's more, you know, social media. You know, I don't, you know, how do you, you know, pen that as a social media idiot, you know, I, and I don't know, I don't know exactly how that all ties together, but we're all tied up in that. And the sound bites, they used to be on TV or now, they kept getting shorter, shorter, shorter, shorter. And now, now people won't even research. You know, we've got the most powerful tool in the, in, in our history in our pocket. You know, between AI and Google and everything else, you know, people are walking around, people are walking around with this phone in their pocket and they still will only look at a sound bite versus taking two more seconds to research it further. And that includes the reporters, so called reporters. You know, these media people, they won't even research it. You know, they're still calling XRP Ripple, for God's sake.
Chip
Yeah, and they're still putting up litecoin on the, on the bottom screen. So, you know, we always talk, we always hearken back. You know, when you get older, you say like, well, when we were young, we had this, we had that. And you can, you can talk about how technology's changed and evolved over time. Well, some guy put up a post on X the other day that made me really kind of laugh because it's something I wouldn't have considered because it was just the way you did things. He said, you know, our kids, our grandkids, our kids, our grandkids are going to laugh at us because when we used to try to find information, we went to the Internet and we typed in it, we typed in a question and then it came back with all these blue links and multiple pages and we had to click through the blue links to see if which one was the actual answer. Like with AI, like, I rarely use Google anymore. Everything I do is AI. It can search Internet, but it could retrieve the answer. Right? And you sometimes you have to double check it. But it's so funny. It's like, yeah, we were like totally. Oh, that's fine. Yeah, you get in the first ten are advertising links. So those are people just buy in space. So then you sometimes that pushes it to the second page. But we're like totally fine with that. Now with AI is you ask a question, it gives you the answer, you know, and even like, even like on my property I like I take a picture of a tree, I don't know what tree it is and I just say what kind of plant is it? It'll give me the whole genius species of this and that, what kind of sunlight it requires. I mean I can't even, I can't find that by going to Google. I have to go through 30 sources to try to figure out where that's at. You know, it's, it's, it's remarkable.
Jeff
Dude, it's, it's so insane. Within with the chat GPT when you put the camera on and you have an interactive conversation with it. I was in Home Depot, I was fixing the bathroom wall that some of the tiles came off there. There was some water behind it so I had to tear the tiles off. Then I had to go and get cement board, cut out the cement board put in the new cement port. And then so I'm asking, as I'm at Home Depot, I'm asking questions about, you know, should I get this cement, you know, what kind of grout should it be? You know, how do you seal the grout? And it's giving, I'm showing it what I'm looking at and it's like, yeah, that one is what I, you know what I recommend and here's why. And I'm like, should I do this one versus this one? They're like yeah, this is going to be the faster route for you. You know. So I'm going through that. And then yesterday at work we're having a conversation about a non profit organization and we're like, oh, we think one of these companies out there was a non profit organization. And so we, we're on there, we're asking about, you know, setting up, not if you were to set up a non profit versus profit status. What does that entail? We're like well what about and it's. And it. And it's like you're having a conversation with someone that has every bit of information in their brain at all times. And its response was immediately, oh, such and such is a profit organization. And here's the here's what they're in. Here's what they do. And we're like, well, what about this one? Oh, no, that one's also a profit organization. And it's just like, boom, boom, boom, like, the responses. And you're sitting there having a conversation with it. Not typing anything, not doing anything, just talking to it.
Chip
I had a long drive the other day, and I was brainstorming some. Some. Just doing some brainstorming with it. I was like, hey, I'm gonna. I want you to come up with some names for this. I'm looking for this. And, you know, and a branding type of scenario. And. And it was like, okay, now I want you run through them. When you run through it, I'm gonna tell you which one's the mark, because we're gonna come back to those. Okay, mark that one. Okay, I marked that one. Okay, I marked that one. Okay, tell me the ones you marked. Okay, I marked these ones. Okay, now here's what we're gonna do with these ones. We're gonna. And I'm having, like, this conversation. 20 minutes in the car, just blah, blah, blah, Talking to it. Talking back to me. It is really remarkable. I see that XRP Rangers as grock is better. Rock's better for some things. You got to know, I still think GPT stronger. 4 0. At least 4. Oh. Is really strong. And also, too. Sometimes Gro can get a little bit carried away. Grok is maybe a little bit stronger in searching the Internet. It's really better breaking down posts on.
Jeff
X. I will get along too, right?
Chip
Then I'll say, like, hey, a lot of information. Well, sometimes I don't have time to read a whole. It's a thread of, like, 25 panels. I'm like, throw the whole panel in. There I go. Break this down. Summarize it for me and make it easy to understand. And it bullet points it. And I go, okay, great. I read that. Because I don't have time to go and run through the whole thing to figure out what someone's trying to say. Byron Donalds, who's a gubertorial candidate for governor here in the state of Florida, here he is talking about Biden here. Just make some land, some good points here. And yeah, this is our next governor right here, man.
Jeff
Definitely. Yeah.
Chip
And future. And future president.
Jeff
Oh, yeah. Amazing.
Chip
We need to listen to what Axios reporter Alex Thompson had to say about the inner circle controlling Biden at the end of his term. Watch this. The people that were in charge were Mike Donilon, Steve Rachetti, Bruce Reed, Anthony.
G
Bernal, the First lady's chief chief of staff, the first lady and Annie Thomasini. Those are the people that sought him.
Chip
The most and that had the most control over what he would. He was doing well also, too. I know that Mark Victor Hansen, if I get the name right. Thanks, Art, for correcting me. Victor David Hansen. I say Mark Victor, but it's Victor David Hansen. I don't know. I get Mark Hansen in the book, but it's Victor David Hansen is his name. He corrected me Victor David Hansen when he. So what he's not aware of is a whistleblower has come out about the auto pen. So, and these, these guys are sort of naming names here to the people that were closest to them. But this is all this, all this is directed towards Trump because now we have to be transparent, you see. Now we have to have all medical records. We have to have us so we don't get duped again. This is, this has nothing to do with Biden, really. This is them, you know, trying to let themselves off the hook. But let's listen in. Well, clearly, Congressman, he is naming names. And we have the Washington Post column. Is Sally Quinn accusing former first lady of elder abuse. What do you say to that, Council? Elder abuse.
H
It is elder abuse. It is. There's no doubt about that. And all of these officials that were in the Biden White House, as far as I'm concerned, they need to come in front of the Oversight Committee because questions need to be answered. Last thing I will say on this is depending on when the President truly was not in control of his mental faculties, a lot of the stuff that he did as president, in my view, should be invalidated. And the reason why is, is because you can't use an auto pen to run the country. It has to be from the mental capabilities and the physical capabilities of the person elected to be commander in chief. And so if Joe Biden could not execute the duties of his office, then why are we living under a lot of the decisions that was made by the Biden White House? So there's a lot of investigations that need to occur on this matter. This is a major scandal, in my view, the biggest one in presidential history. We can now put Watergate to bed because the auto pen is now in.
Chip
Front about that, too.
Jeff
That's huge. And you know that that's everything right there. If we, if we have anything that had been pushed through as and signed that was done by someone that was not mentally competent, that means that other people are pulling the strings. And we're orchestrating it. That's it. That's all you need to. That's all you need to hear. That's all you need to say.
Chip
Oh, yeah, Jeff, the pardons, I mean, validate it. Thank you for telegraphing who we should go after. Because the pardons. Why were you giving out pardons? You're basically telling us you broke the law. All those pardons too. Those were auto pens. Oh, after all, this is going to crash this. I mean, this makes. I mean, people go. People forget what Watergate was. Watergate was more about a cover up than anything else. It was a break in. CIA break in, by the way, stole some stuff from the Democrat and then it was. The COVID up is what. What got Nixon in trouble. You know, and a lot of. And again here, I'll say this too. Sometimes the COVID up is worse than the actual crime. In this case, the crime is pretty bad, but the COVID up is pretty rough too. So it's going to be kind of an equal. They're kind of equally sharing some things here, you know, Adam Shifty shift. See what a loser he is. Someone put together this compilation of him just to show you how he is just one of the dumbest people in Congress and now he's a senator and he moved up from the House last year. But here's him obliviating on and completely wrong again.
Jeff
Here he is to us today to say no. No to this nomination. No to Pam Bondi. RFK is not the best or the brain brightest. He will not bring back Camelot or make America healthy again. Tulsi Gabbard is a walking five alarm fire and must be rejected. Must be. Owen is a bigger or more dangerous sycophant than Cash Patel. This political hack does not deserve to be in this building.
Chip
Make America great again. I thought that was a good compilation, man.
Jeff
Look at who it's coming from. That guy.
Chip
Well, he's in a whole lot of trouble too. I don't think that guy makes it either. I think that guy would be kicked out. But I wanted to play this clip, Jeff, because it's kind of. So you've got Congressman Tim McBride, who's basically a man who pretends he's being a woman. He wants to now make policies for child care. This is the man who read the LGBTQ books, the children, you know, teaching them how to be a good transgender. And so the question is, would you feel comfortable listening to this dude about what's good for your kids? So I don't think this groomer should be Anywhere near kids. But let's hear, let's listen to this everyone.
G
Sarah McBride here in Wilmington, Delaware at.
Chip
Sarah McBride is the, the female. This is, this is the congresswoman. Well, it's, it's actually. This is Tim McBride. She says Sarah McBride, but it's actually a dude pretending to be a woman. It's a congresswoman, you know, man, woman thing, whatever she, they, he what, whatever it is. But this is the one. I mean listen, the method, the amount of mental illness, first of all, that should disqualify you from the, from the, the opportunity. Look at them all standing there like they're all women. They're all pretending they're women. And it's a dude. Listen to the voice.
G
Dude 1. Sarah McBride here in Wilmington, Delaware alongside representative Chrissy Houlahan from Pennsylvania and our wonderful democracy, Catherine Clark from Massachusetts. We just concluded the third in a series of new Dems on the road roundtables. This roundtable on the topic of the care economy. I'm proud to be the chair of the new Dems care economy task force. And we had a wonderful conversation with healthcare providers, small business owners, labor leaders, parents, childcare providers about the importance of federal action to expand access to paid family and medical leave and afford affordable quality child care. I'd love to hear my colleagues thoughts and reflections on the conversation. Representative, it's a pleasure to be here.
Chip
Just up. Yeah, we don't want you anyway. I think so this. So he. She is out of Delaware, but this is the kind of thing like this should preclude you from actually serving. And then this dude, I don't get it. This dude's been floating around the Internet, but he has a message for white people. Jeff, I want you to listen in and notice how he just singles out white people. He doesn't single out other people, especially black people because you know, he's get his ass kicked. But single, single and our white white people, that he's coming for them. Here we go. Ready? Listen to this.
I
White people. If you are white and you're listening to this, listen very closely.
Chip
Listen.
I
Lately I've been seeing many of you complaining about Islam, okay? Immigration and stuff like that.
Chip
Yeah, we've been complaining.
I
And I'm gonna separate the. The white people in two categories. The Americans, Canadians and Australians do not count because they are white people that live in a country that's not theirs. You guys have.
Chip
There's, there's first mistake. Let's look. I can see Jeff's face already.
I
The first mistake invaded those lands from the rightful owners so when you guys.
Chip
Get Back to okay, Mr. Righteousness, you're gonna come and correct everything, right? You go back and you go back in any country's history and you will find that they are not the original, they are not the original owners. And if you want to look at the slave trade, the slave trade was much bigger in parts of Europe than it was and before it even migrated to Africa. I mean, you know, you want to go back. Yeah, go back to Egypt, the slave trade. I mean, it's like you got to do your history, man. You gotta search yourself. But anyway, let's listen into this, like his so called message here, Jeff, because here it comes, Europe.
I
Then we can talk. But for the European white people complaining about immigration and Islam first, by the.
Chip
Way, he just want to let you know he wants us all to go back to Europe, Jeff. That's just, that's his point.
I
I want to tell you that Islam is going to take over every single square inch of the globe. And, and you guys might think that it's got to be us dark skinned people that are going to take over. No, it's going to be your own people. As you can see how fast Islam is growing, in the next 10, 15 years, every white person is going to have a Muslim member in his family. Nowadays you see white Europeans, blue eyes and blonde hair reverting back to the truth because they have finally seen the truth. And the thing is, nothing you guys can do to stop it. You guys can hate Islam as much as you want. And I want to thank the Western media for spreading Islam. A lot of weak minded Muslims think that the media is picking on us and bullying us. But really and truly the Western media is working with us. They have succeeded in spreading Islam, but intentionally. And a lot of people did not know about Islam.
Chip
But nowadays anyway, it's just, it's more of the same dribble over and over again.
Jeff
But he's, he's what motivates these people.
Chip
Like what is it, mental illness?
Jeff
They're, they're so, you know, emotionally involved in this whole idea of conquest, of global conquest, you know. And the thing is though, and whether he goes to his mosque or doesn't, there's, you know, a lot of issues, you know, that are, are, you know, like, like there could they, they look at, maybe there'll be an isolated, you know, violent incident. They'll say, oh, it was isolated, you know, it's not back connected to something through the network. And then it comes to find out that he was going to some mosque and they have speakers that have extreme ideology and they promote everything that he's talking about. Or they're, you know, the head of the mosque talks about that and, and it's from the top all the way down. Then all of a sudden this guy goes off and does something and they're like, oh, he was, he did it on his own. I'm like, can't you back work the connection and tie all these pieces together? It's, you know, pretty straightforward, you know, but they're so filled with rage, you know, and you look at this, this objective. But the problem is, is that he's right to a, to a, a point where it has been spreading throughout Europe, you know, and Europe has allowed it to happen, right, because you also have a lot of, you know, people within, within Europe that have become atheists. You know, they've, you know, they've forgotten about their religion. They've forgotten about, you know, God. They've moved away from, you know, Christian, you know, roots or whatever it might have been. And so you see that. And so now these, you know, they're more susceptible. You see it in, within their politics, their political infrastructure as well, that, you know, they, that's why they are, have allowed all of this to come in, into their, into their countries unfettered, you know, but at some point, you know, people will say, look, this isn't, this isn't what we want, right? Free society. Why is it that people from all over the world, every country in the world, they want to come to the United States because they come here because they want the freedom, they want the dream. They want to be able to, to build and be prosperous. They, that's why people come to this country. They don't come here from all these countries because they want what they used to have in their countries. However, that being said, there's large groups of them that are coming to this country as they come into Europe specifically for the purpose of conquest and they have been seated throughout the world and they have been funded by, with billions of dollars to seed all parts because they're, they're seeding it from the education system. We see it within, within the u. S. Education system. Misinformation has been spread throughout, throughout the, the education system. Obviously happened over in Europe as well up. And, and these, and these people run around, you know, they just want to put their head in the sand and not acknowledge what's really happening. So that guy, is he crazy? Is, is he outlandish? Probably. Is he telling the truth? He probably is, you know, because there's a whole bunch of people that think just like him, that's their truth.
Chip
Jeff, let's.
Jeff
I'm not saying that it be autumn, you know, ultimate conquest. I'm just saying that that's his truth and there's a lot of people like him that have that truth.
Chip
Well, no, it's the only truth that.
Jeff
They'Re, they're going for conquest.
Chip
It's the only truth because it's in the Quran. Okay, so if you want to go to the Islam holy book, the Quran, it talks about domination, it talks about conqueror. Okay? So this isn't people, people want to ignore it. And the thing is sharia law is incompatible with western living. That's treating women like third class citizens and like animals and dogs, not allowing them to be educated, not allowing them to drive. This is not a civilized society. This is a society that has some severe issues and keeping women, you know, as a, you know, akin to an animal, a possession. That is not a civilized world. And the whole idea of sharia law and they, you know, they try to implement it here in cities now. There's no such thing as sharia law. There's the constitution, United States and that is the law. People like, well, ban sharia law. It's already banned. It's already banned. There is no, there's no anything that's going to trump the u. S. Constitution or the laws in this country. But to me it's like, listen, I mean, it's kind of like when these people tell you that, hey, we're going to kill you and dominate you, we're going to destroy you and you're like, I probably don't mean it. I probably got that. Ali galley G is in the house. Look at this. This is a barbaric. Yeah, it is barbaric. But the thing about it is it's.
Jeff
Not really to go back to Australia.
Chip
It's not there. Yeah, well, need to come for sure. It's just not, it's not compatible with western, you know, civilization, you know, culture and, and, and, and putting people the best, especially, you know, the way they, the way they treat women. And of course there's no there. You want to talk about tolerance, you know, tolerance. There's no tolerance. You're gay, they kill you. That's it. So there is no, there is no in between. Like, hey, someone could live their life out as a gay person and want to be gay, great. You want to come to the United States, be a gay person, you know, you, but you're not, you're not going to get killed. You're not going to get stoned. If a woman takes off her job and then she gets stoned to death. And if you've ever seen a stoning, it's the most unbelievably cruel to kill somebody by throwing. And they're not stones, they're giant rocks and getting hit in the head and just watching somebody die slowly and barely move anymore. It's, you know, I've seen women's being stoned. It's. You've seen, you know, gays being tossed off buildings. I'm sorry, man. It's not a compatible thing. And to me, I even doubt if it's a religion because religion is all is based in peace and love. As Ringo Starr would say, Peace and love. Peace and love. You would have peace and love. And you cannot have domination where you are going to just kill people that don't believe you. I don't know. That qualifies for religion. It's like, jeff, Jeff, I'm starting a new religion. But if you don't believe what I'm telling you, I'm going to kill you. It's like, well, that sounds a little bit outrageous. Well, that's what we have. That's what it is. It's not something that's so. And again, the thing about it is, is I know plenty of people and have friends that, you know that, that are, you know, that are Muslims and they don't have this way of acting or being. And they're not violent and they're some of the most peaceful people. But again, their interpretation of what they see read in the Quran is very different. But what's physically and what's actually in the Quran talks about this, but they do not. I mean, some, especially most of the Muslims I know, there's some of. They're humble, you know, beautiful people. And I just hate to see everything hijacked by this, this, this, this violent part of, we're coming for you, we're gonna kill you. Like, what is all that about? It's just too, it's too much. Yeah. Getting stoned on a free night out there was. I wanted to put this one up. Jim D. Said 72 virgins beats the Viking idea. Dying with a sword in hand. There you go. Yeah, I mean, that's the promise on the other side. Like 72. Who came up with a 72 number? It's like, let's see, 65. Nah, it doesn't seem like enough. I mean, 70, 71. 72 seems about right.
Jeff
Number 72.
Chip
72 sounds like, seems pretty good, right? It seems like 72 versions. Like 72 versions.
Jeff
73 would just be too much.
Chip
I think 73 is overboard, right? Yeah. Like, where did the 72 number come from? You know, the significance of that. I don't know where that something. How that actually happened, you know, what actually caused that. It's hard to understand. Well, crystal crypto whelp survived his surgery Thursday. Thank God for that. Glad you came through that with flying colors. Yeah. Desiree Devella says all Abrahamic religions are based on geocoding. Non believers. There you go. That's really the point.
Jeff
I'm trying to see if there's a number related back to it, but I'm not sure.
Chip
A lot of symbolism.
Jeff
The number 72 is sometimes interpreted as a maximum limit.
Chip
Oh, the limit. That's it. That's your. That's your cutoff point. So maybe not. So you have up. So there's like. It's like when you get a sale and they say like, you can save up to 50, but when you actually go to the sale, it's like 7% off. But, but, but there's one thing that's hidden somewhere and that's 50 off. But so you up to. So it's like they should have a qualifying statement that it's up to 72 somewhere in there.
Jeff
I'm not sure exactly.
Chip
Yep. We stranded the Dirks in Australia. Remember that? That was a good, good time. Oh, fantastic time that was. My God, we had a great time in Australia. I don't think we're going back anytime soon, though, Jeff. I don't think that's happening. I don't think. 71 versions and. And one pro. Just saying.
Jeff
All right, how many. How many yetis do we have?
Chip
We have 22. And it's time to do the drawing, Jeff.
Jeff
All right, so let's roll this and then.
Chip
Ali, did you type in yeti? Did you type in yeti? Ally? I don't know if Ellie did type yeti.
Jeff
I don't know. I didn't see it.
Chip
You need to type yeti because we have to get 23 or 24 in here.
Jeff
All right, well, let's play this and we'll get someone to type something.
Chip
Let's do. Come on, type in yeti. Oh, tribe word of the day. Yeah. Hey, you got your zom and wallet ready? Why? Cuz this is going to be. Yeah. Back. It's time. Time to claim your legendary blue tribet of the clan tit. Let's go on the chain. Born for battle. Made for Legend claim your on the chain. That's a new one. There you go.
Jeff
It was bad.
Chip
Let us know when you're coming. Let us know when you're coming.
Jeff
That's awesome. Yeah. Look forward to seeing you when you're here.
Chip
My M. Awesome. Miami, Florida. My mf. Let us know. Fingers crossed. Okay, here we go. Ready? The monster. Come on. Xrp.
Jeff
In order to have a chance of winning.
Chip
Yeah. If you don't. If you don't hit the like Yeti.
Jeff
And you have to hit the thumbs up.
Chip
Yeah, let's go. Let's get the rig pull rolling. Yeah, let's do that. That's. That's a good idea. That's a good idea. Eurovision Yetis. That's what it's called. That's what it sounds like.
Jeff
The Eurovision. A version of it.
Chip
That was the Eurovision.
Jeff
That was the. The Euro Eurovision.
Chip
Holy nail. The. Jeff Sutton. Oh, my God. Beautiful.
Jeff
That's so funny. That's totally the Eurovision.
Chip
But even AI can misdirect. Yeah, that's true. It can misdirect. That's why you gotta, you know, trust but verify type of thing. So we got 24 in here, guys. We are gonna go ahead and let.
Jeff
Me show this thing over here too. I want to show you guys that this isn't just any Yeti.
Chip
No, it is.
Jeff
It's not just any Yeti.
Chip
It is any.
Jeff
Yes, it is. Number five. Badass Yeti. Number five. Number. His name is Hugin. He's a hooligan. He is a titan.
Chip
He is a Titan.
Jeff
Number 5.
Chip
Do some damage. 4.0 in damage. All right, Jeff, queue up the music. Let me get the badass yeti. Tune on and I'll click this puppy away. All right, here we go. Ready? Let's go, McKeon. Rob McKeon is the winner of the badass Yeti is Robin. Rob McKeon here. Rob, you know, you got to chime in and say, I'm here. And that means you're getting your zombie wallet number ready for us to do the transfer. And if you don't say that, then we redraw claim it. So we want to make sure that you are here. Let's see. Rob wins.
Jeff
Because he's not here, people.
Chip
Wow, that was fast.
Jeff
He's here. He's here.
Chip
Good winner. Big winner. And we're also going to need your. You're going to need your X handle. So we can tag you when we. When we talk about this big giant win. Come down with Rob. Congratulations, Rob. Winner of Hugin or Hugin. Or whatever his name is. Are we going to give away some land today too, Jeff?
Jeff
Oh, we had. If we should give away some land also.
Chip
So with some land in the Expector verse.
Jeff
So hang on a minute.
Chip
Once we give this away, I will queue it up and we'll put the land up there and then you'll be just Expector.
Jeff
Yeah. Yes.
Chip
But land. Because it'd be easier to make sure that.
Jeff
Talk about Bob McKenn puts up his Zaman wallet address. People look out for that. I'm typing some stuff in here.
Chip
Oh, boy. Look at that, man.
Jeff
Track this.
Chip
Rigged. Look at. Mike's already. Mike's already jumped on the. He's already doing land. He's like. He's not taking any chances. He's like, I'm land legendary. Is on the land we got reborn. John Case. Ray Ray, the moss crypto whelp is in here. He says it's coming. He's getting it. All right, that's good.
Jeff
Trying to get to YouTube here.
Chip
We're gonna need your. We're giving away some land in the X Spectre verse. This is awesome.
Jeff
Expector.
Chip
And let's tag the locations on the. On the post this time. We left that out last time. Yeah, man. Yeah. Thanks for. Thanks for coming by and supporting, you know, on the chain. Love you guys.
Jeff
The chain.
Chip
Batman. My dog Yeti's going crazy right now. You can't probably hear him barking, but someone might be at the door. And he's.
Jeff
Lots of land in there. Look at all the land.
Chip
Yeah. I don't know if I told the story. Many of you probably know it, but I've got a. I've got a golden doodle that's a year and a half old. And when the. My, you know, my wife's dog and she wanted to name it, and I was like, come up with the name. She goes. I have the name. She named him Yeti. And she goes, he looks like one of those. One of those Yeti creatures. Yeah.
Jeff
Rob said he has his wallet.
Chip
Right.
Jeff
Where's his. Where's.
Chip
Right there. It's in there.
Jeff
It's gotta.
Chip
Yeah, it's right there. You gotta go. It's. Yeah, I see it right here, man.
Jeff
How come I can't see it? Hang on a minute. I gotta go back to top chat. Oh, there it is. Sweet.
Chip
Yeah. And also, Rob, we're gonna need your X. Are you on X? Because we need your X handle. Put your X handle in there.
Jeff
Here we go. I'm gonna transfer this bad boy over to you right now. Hitting transfer and transfer.
Chip
And here it goes. We need your common wallet. So we need your X handle, Rob.
Jeff
Or your X in there.
Chip
Put your X handle and drop it in there. You can drop the whole URL if you want.
Jeff
Slide to accept.
Chip
Let's go.
Jeff
Rent and verifying it's been transferred. And. And Rob, make sure you explain this. You now have it. Who again? Badass yeti Number five is now yours.
Chip
Look at that.
Jeff
Chad is number two in the community competition. Number two. Charles is number three.
Chip
We got all kinds of celebs walking in here. Is here as well. Look at that. Check it. Check, check, check. Okay, guys, you got to put landed if you want to win an expector. Expector a land in the X spectre verse. This is in. Where is this? Marina city. You want to put that land up there, Jeff? We'll put one up there.
Jeff
Find it.
Chip
But we have so far we have 13 in here, guys. So you got to type land if you want a chance to win some awesome land. And the expector verse that we are giving away courtesy of Dirk. Thank you, Ali G for the reminder, but Dirk has generously gifted a couple to us and we are giving them away and we will be. All right.
Jeff
Here we go. I found it.
Chip
14 in there right now. So you have to go ahead and type in land if you want to be able to win reborn. John is homeless. That's not good. We got to get you a plot of land and expect reverse. So there you go. Fred Hoffman chiming in. Cash velocity. Okay, we got 16. We're slowly building it, but if you want to win some land, Hillside City.
Jeff
Parcel, you get number four plots. It's in zone eight of Hillside city.
Chip
So there you go, city, baby.
Jeff
There's all the information that you need to know about it. This is Hillside City.
Chip
Look on the description again.
Jeff
Expector Land NFT R1Z 8P224 is located in Hillside City. Zone 818 is comprised of parcel 224 and the following plot 624-062-436250 and 6253. Locate this NFT directly on the map here.
Chip
There you go.
Jeff
Let's see if we can open this. This map. § § 8. § 8 housing.
Chip
§ 8. § 8 housing. Yeah, there you go.
Jeff
Okay. Nope, you gotta have to log in.
Chip
You guys go there and purchase your waterfront too.
Jeff
Took a lot.
Chip
We have no AI advertisement for the land. We do not have an AI advertisement for the land.
Jeff
It's us. No, we'll create that's that's not our.
Chip
That's. Yeah, we probably should. What?
Jeff
What? Land. All right. Land is for real.
Chip
Did you put the URL in there? Is. Did you put it in there and where you were gonna go open that URL?
Jeff
Yeah, it didn't open. I have to sign in and go through.
Chip
Oh, yeah, yeah, you gotta sign in. Yeah, right on.
Jeff
Then I gotta open the app, and then once I open the.
Chip
Let's go, guys. We have 17. You have a one. You have one more chance to type in land L A n D. If you type that in, you have a shot at winning this land and expector verse. Ready? I'm gonna pull this. Let's see what can we put up there? We don't have an expector tune. Oh, we'll just have to go. We'll just have to go dry here. Ready, guys? Let's put it up. Here we go. I'm pulling it. You have 17 in there. All right, so here we go. We have 18, and I am now pulling it. Let's see what we do here. Let's see who's gonna win. Awesome. 4 plots in X spectroverse. Let's go, Charles. Tom Morello. We know what that means.
Jeff
Charles is a big winner. Winner, winner, winner, winner.
Chip
Charles, you win the land and expect traverse.
Jeff
Who won the land the other night?
Chip
I don't know who won it the other day? Charles. Big winner. Big winner.
Jeff
But I did not. Charles.
Chip
I know Charles is here.
Jeff
What happened?
Chip
Because he's. He just chimed in here. So we. Do we have his wallet already?
Jeff
I'm sure we do.
Chip
Yeah. Charles is here. And then Charles, drop your. Your. Your X handle in there as well. So we know the next land baron. First land win for Charles Tamarello. So we're gonna need your X handle. I know we've tagged you before, but it'll help us in not trying to find it.
Jeff
So land baron, first land win. Let's go, Charles.
Chip
Yes. Yes, indeed. Charles. The big winner here.
Jeff
Eric said, charles, you should play the lottery. He should play the lottery. Amazing. You should go play blackjack. This guy, man, he's just like a winner.
Chip
Winner. Chicken D man.
Jeff
Magnet for.
Chip
Yeah, right.
Jeff
Awesome, Charles. All right. Do we have his.
Chip
Yeah, it's grunge 777.
Jeff
What is it?
Chip
Grunge 777. I'll drop it in there.
Jeff
Grunge 777.
Chip
See, I just dropped it in there. Run 777.
Jeff
Grunge.
Chip
Yeah. Nothing loads. Got it. Almost nothing's loading on my. On my X. It's all messed up.
Jeff
Let me see if I spelled it right. I put a D in it. Okay, did it.
Chip
Put it there so you can copy it. G R u n g. Grunge 777. Beautiful.
Jeff
All right. Oh, wait. Now we need his. His thing. Let me see if I can find it.
Chip
This thing. You know the thing.
Jeff
You know the thing. You know that.
Chip
You know that wallet thing. Shoot.
Jeff
You know what I forgot to do is, is put Rob's over here. Shoot.
Chip
Wouldn't feel bad. Good to be a winner, dude. Winners.
Jeff
Here we go, Charles. Here we go, Charles. Gonna send this bad boy over to you.
Chip
Congrats. Addresses. In his address, he says, I feel bad. Mike's like, no, you don't. No, you don't. I feel bad. No, you don't.
Jeff
Oh, you don't. You're winning.
Chip
You're winning, dude. When you're winning, it's good. Hashtag winning, Charles. There's a lot of winning going on, which is a very good.
Jeff
I'm gonna grab this just in case. You know, it's always bad. Imagine if I accidentally pasted somebody else's address in his, and then they got it.
Chip
That would not be good, Jeff. That would not be a good thing.
Jeff
So here we go. Scanning away. Charles Land Baron Tomarello.
Chip
Trump. Winning. Tired of winning. There you go.
Jeff
And it's on its way. You are now almost. You are now the problem.
Chip
Yes.
Jeff
Land Expector. Land x Spectre indeed.
Chip
Well, that's it, guys. We will be back here. It's a holiday weekend. It is Memorial Day. This is when we remember the people who fought and died for the country so we could live free lives. And that a lot of people look at it. It's just a barbecue day or an extra day off of work on Monday. But that's the significance of the holiday. We will be back tomorrow night with some more conversation about crypto and another stuff every other day. Well, we did. We did institute a. A new rule which says you can only win, but he has a Not one land, so.
Jeff
That's right.
Chip
You can win once a month. You can win once a month was what we all settled on, and so. And Charles was cool about it, so. But he has not won land. So listen, that means if he wins tomorrow night, the land, but if he wins on Tuesday, that it's good because it's a new. Or next week. Because it'll be a new month, so.
Jeff
Oh, come on. Rigged.
Chip
You can't say it's rigged, dude. You win. Laurel. A little bit late. That's okay. That's all right.
Jeff
Laurel's late.
Chip
Mark celebration. Oh, okay.
Jeff
Not here. You can't win.
Chip
We're about to follow you there, Chad. So there you go, Rob.
Jeff
Thank you to our armed services.
Chip
Yes, thank you.
Jeff
Far and wide.
Chip
Yeah, I feel bad for Charles. God wants you to win, so you. Congrats, Charles Chalmer. There you go. All right. Belgium is out. We're all out of here, guys. We'll see you guys tomorrow night on the podcast. And that's. That's all we have. You guys have a great, wonderful weekend. If you're over there, good. I bid you good night. If you're over, then I'll strike. Australia, New Zealand. I know it's a late one for you guys, so I wish you all the best and a continued phenomenal weekend. Happy Sunday for you guys. And we will be back tomorrow night. And this is all we got, so we'll see you on the next one. Chip and Jeff. Oh, are you down with otc? Please, like, subscribe and click the bell to be notified when you the next video drops.
Podcast Summary: "XRP Under Pressure? Ripple Expands as Institutions Embrace Stable Coins"
Podcast Information:
Introduction
In this episode of On The Chain, hosts Jeff and Chip delve into the current state of Ripple and XRP amidst a shifting landscape where institutions increasingly embrace stablecoins. The discussion seamlessly transitions into broader topics, including the potential reshaping of XRP's role in financial infrastructure, regulatory challenges, and even touches on geopolitical events and community interactions.
Ripple and XRP: Navigating Institutional Adoption of Stablecoins
The conversation kicks off with Jeff highlighting the apparent pressure Ripple and XRP are under due to the proliferation of stablecoins. He raises a critical question: "If stablecoins are becoming the preferred medium for cross-border transactions, what remains of XRP's utility?" (00:02).
Notable Discussions:
Stablecoins on the XRP Ledger (XRPL):
Implications for XRP's Role:
Regulatory Compliance and Audits:
Adoption in Latin America:
Crypto Mount Rushmore: Celebrating Influential Figures
Transitioning from financial discussions, Jeff and Chip explore the concept of a "Crypto Mount Rushmore," contemplating which individuals have significantly impacted the blockchain and cryptocurrency space.
Notable Figures Discussed:
Notable Quotes:
Community Engagement: Yetis Giveaway and Social Interaction
A significant portion of the episode is dedicated to community engagement through "Yetis" giveaways. Hosts Jeff and Chip announce and conduct multiple giveaways, engaging listeners by encouraging participation through social media interactions.
Key Elements:
Geopolitical Insights: Department of Energy Funding Concerns
Shifting gears, Jeff and Chip address a recent political hearing involving Senator Kennedy and allegations of massive, unaccounted-for Department of Energy (DOE) funds.
Key Points:
Notable Quotes:
Media Critique and Information Consumption
Jeff and Chip critically examine media practices, emphasizing how modern social media and AI have transformed information consumption. They lament the decline in thorough research and the rise of short sound bites, which they argue contribute to misinformation and superficial understanding of complex issues.
Key Discussions:
Notable Quotes:
Geopolitical Debates: Assault on Biden’s Administration
The hosts further delve into political controversies surrounding President Biden, discussing allegations of cognitive decline, inappropriate administrative decisions, and the influence of his inner circle.
Key Points:
Notable Quotes:
Conclusion and Community Farewell
As the episode winds down, Jeff and Chip return to lighter topics, including more Yetis giveaways and community interactions. They emphasize the importance of remembering Memorial Day's significance, recognizing the sacrifices made for freedom, and maintain their commitment to delivering insightful crypto and blockchain content.
Notable Closing Remarks:
Final Thoughts
This episode of On The Chain provides a comprehensive exploration of Ripple and XRP's evolving role amidst institutional shifts toward stablecoins. It intertwines technical discussions with broader socio-political commentary, reflecting the interconnected nature of blockchain technology and global economic dynamics. The hosts balance in-depth analysis with community engagement, fostering an informative yet personable atmosphere for listeners.
Notable Timestamps and Quotes:
This summary encapsulates the multifaceted discussions of the episode, highlighting key insights and providing an organized overview for listeners and enthusiasts alike.