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Jeff
Oh, number. Oh, we're live. Welcome to on the chain. Realize I hit the button.
Chip
Damn.
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 ecosystem, on the chain world. You guys know who you are. As you're popping in, give a quick shout out where you are tuning in from. We have a lot of cool things that we want to go over tonight. Maybe we'll even answer the one question, XRP versus btc. Which one is the real chosen one? That's the question everybody is wondering about. That's the intrigue of the day.
Chip
Is it?
Jeff
Maybe.
Chip
So we never. We're never gonna get to that. You know that.
Jeff
Make sure you guys tune in for the next hour because we're gonna dig into that quote question a little bit at some point, maybe not. And then we're gonna talk a lot about a lot of other cool things. Make sure you guys know the word of the day because that's going to be really important for later on in the show. You guys know what that's all about. We are excited to get in depth into what we're going to be talking about tonight. So stay tuned for that. Got some video from Garland House, some video from Trump and we're going to workshop all of these different things and we're gonna have some fun. If you're ready to kick this thing off, let's go with. Let's go.
Chip
Let's go with the heart open. Ready? Let's go. That's like the news open with little bells. Ding, ding, ding, ding, ding. From the news desk. From the news desk. We got important stories to talk about tonight from the news desk. We got all kinds of things happening. Yes.
Jeff
Daniel. Never get to see us live tuning in all the way from the semi communist state of Colorado. I don't know if it is or isn't. Maybe it's a nice state. I enjoy the show always.
Chip
You know, it's not really political. It's just. It's got a very. It's got a very political. We talk about geopolitical. We got some good stuff about Canada today as well.
Jeff
We connect all the dots.
Chip
We connect the dots so you don't have to. And if you haven't noticed, it has a very conservative slant to it. In case you.
Jeff
There are red. There's red spots within.
Chip
There are red areas. Unfortunately, they're overpowered by some of the big, big area cities. But.
Jeff
Colorado is just stoned probably most of the time.
Chip
Colorado Is beautiful though.
Jeff
I, I've been to Colorado, I have to say. If you've never been there, go there because it's an amazing place. Amazing scenery, like the mountains there are unbelievable. I was in Denver and you know, you're out there wearing a light jacket, then you drive up into the mountains to see snow and it's just, it's unbelievable. It's just a. Unbelievable place, you know? So I highly recommend it.
Chip
It's great.
Jeff
Go check it out.
Chip
Yeah, it's very good, guys. Keep dropping where you're coming in from. See, everyone's getting a head start on the yeti. You want to play that? You want to run that promo, Jeff?
Jeff
Let's do it right now. Let's, let's. We got some exciting news. Exciting commercial. So here we go. Ready? Let's run it. The badass yeti from Bull tribe. What's the word of the day? Get your salman wallet ready because this one's gonna be. Get ready to claim your own legendary boot Tribe Getty of the CL Plan.
Chip
Templars.
Jeff
His name is Lang Jar. Let's go on the chain.
Chip
Badass. Whoa, look at that yard J. That's great. We got, we got six entries in here. You got a one in Chan one and six chance right now.
Jeff
One and six.
Chip
If it holds like those odds.
Jeff
If it holds those odds.
Chip
Let's talk about block works. So there is. So Trump gave a little speech. I wanted to talk about this, but he, he spoke via video. Let's listen in here and let's see that. We'll break this down.
Donald Trump
Digital Assets Summit. It's an honor to speak with you about how the United States is going to dominate crypto and the next generation of financial technologies. And it's not going to be easy, but we're way ahead. Just two weeks ago, we hosted the first ever White House Digital Asset Summit, bringing together many of the world's top leaders in crypto for a conversation led by our White House AI and crypto czar, David Sachs, who's a fantastic and very brilliant guy. That same week, I signed an order creating the brand new strategic Bitcoin reserve and a US Digital asset stockpile, which will allow the federal government to maximize the value of its holdings instead of foolishly selling them for a fraction of their long term value, which is exactly what Biden did. He got a fraction of their value. We're ending the last administration's regulatory war on crypto and bitcoin. And that includes stopping the lawless Operation Choke Point 2.0. Yes, Operation Choke Point went beyond regulation, and I mean far beyond. It was a form of lawfare through government weaponization. Frankly, it was a disgrace. But as of January 20, 2025, all of that is over. I've also called on Congress to pass landmark legislation creating simple common sense rules for stablecoins and market structure. With the right legal framework, institutions large and small will be liberated to invest, innovate, and take part in one of the most exciting technological revolutions in modern history. It's so big, it's, I think, as big as you can get. Pioneers like you will be able to improve our banking and payment system and promote greater privacy, safety, security and wealth for American consumers and businesses alike. You will unleash an explosion of economic growth. And with the dollar backed stablecoins, you'll help expand the dominance of the US dollar. And many, many years to come, it'll be at the top. And that's where we want to keep it. We only want to keep it at the top always. I can already see that the energy and passion of the crypto community is the kind of spirit that built our country. And it is exciting to watch as you invent the future of finance. And right here, it's going to be right here in the usa, the good old usa. Together we will make America the undisputed bitcoin superpower and the crypto capital of the world. Thank you. Good luck. God bless America.
Chip
There it is.
Jeff
Man, that was, that's so solid. You know, this the crypto capital of the world. It's exactly what we want to see happen. You know, it's, it's so important. It really is, you know, critical at this, at this point in time to see that happen.
Chip
Did you just lock up, Jeff, for a second there?
Jeff
Did I?
Chip
Maybe you did.
Jeff
I locked up.
Chip
I might be, maybe it's you or one of us is having some, some connectivity issues.
Jeff
Maybe I did.
Chip
I was just. What I like about that is, is, is the fact that, that there's a conversation around it, that there was a meeting bringing some of the great minds together for, at the White House, you know, it was more like a, an honorary thing. I mean, it's not like they got anything majorly accomplished, but I think just having everybody in one room and having the conversation, having David Sachs there, who, you know, is, is basically sort of leading the, the, the charge. But I think what I heard a lot in this speech was what a contrast, what a contrast from the last four years. And the fact that you hear Trump even voicing choke point 2.0 is, is remarkable. In itself, because it was almost as if it was like conspiracy theory, like choke point. You would talk about it during the previous administration and people are like, choke point 2.0. I mean, my God, just the non stop it when he says it goes beyond lawfare, man, it was just like just basically suppressing people, debanking people. It was insane, you know, not giving out, you know, banking licenses because, because they're also custody in crypto like this very, it was a very harsh attack. And we said, you know, we said a, you know, maybe back in July that all the Biden Harris administration had to do is come out to really make a difference was like, hey, we're going to recommend that we, we're going to make a strong recommendation that Gary Gensler steps down and we're going to end choke point 2.0. Like that's something that could have immediately just come out and said we are going to do this and it would have sent a sign. But we, we all know that it's really counter to the way, the way the. I would say more the administration thought because you're starting to see a turn of what's happening with a lot of Democrats. We're starting to see more bills authored, we're starting to see more bipartisanship because I do think that a lot of Democrats do want the same thing. I just feel like maybe they're controlled by the party a little bit too much. And I think when they see the winds of change and how, how really I would think that the crypto voter had a, had a say in this previous election that it's not something that's suppressed, it's something that's in the forefront. So I think that was a big deal from a standpoint of just the crypto voter. But I also think that a lot of Democrats probably had to just keep their mouth shut, even though they were, they were, they were vote their party way because they didn't want to break ranks with the party, they didn't want to show disrespect. And I think we're starting to see a little. So the winds of change sort of come in. It's a new day, it's a new, it's a new administration. And you want to truly be that you either could be part of the solution or you're going to be part of the problem. And I think most, I think a lot of Democrats are going to be part of the solution. So I think that's just my. Take your thoughts, Joe.
Jeff
What's that?
Chip
Well, great. Let's Move on.
Jeff
I didn't hear what you said.
Chip
Oh, you didn't?
Jeff
I was trying to edit something real quick.
Chip
Oh, it's okay. Well, I was just basically saying, really say much. Just go, go. Just go with it. Just go.
Jeff
Yes, exactly.
Chip
Yes.
Jeff
It was right. It was 100 spot on. I heard everything that we're leading up to it, and then all of a.
Chip
Sudden it's basically the same thing. I just think that there's a, that there's a new bipartisanship taking over Washington where I feel like they want to get stuff done and they really do believe, like, why would you be against crypto? You saw what happened, the impact in the last election and if the winds have changed, sort of move in, you really see, like, see that it's the, the perceptions change. Well, yeah, of course. You want to be. So we're, it's, it's a good thing that I'm, that I'm seeing and I'm starting to see more Democrats sort of voice their true opinion, because I think that was always there. I think they just voted party line because they felt they felt a need to. But I think it's a good thing. This is something I think you played the other night, but I think it's worth revisiting because it kind of plays into what Trump talked about. But this is Brad Garlinghouse also at the Block works, and him talking, having a conversation about stable coins. Because I wanted to, I wanted to comment on this and basically tie it back to what Trump said, frankly.
Brad Garlinghouse
We've had to deal with one of Ripple's payment customers actually debanked. We had deposits, so we're behind their firewall from an infrastructure point of view. And their compliance team decides they can't bank us. During this past administration, we got debanked, which you're kind of like, oh my God, like, this has got. You got to be kidding me.
Chip
I remember.
Brad Garlinghouse
But look, I think that there will be different strokes, different folks. We are seeing some tier one banks lean into custody as the, because they have customers and they see the direction of tokenization of real world assets, the need to have a scalable, robust custody solution for some customers. That is the entree point. And that's one of the reasons why we bought this company a couple years ago, almost two years ago. Others, you know, look, they are fundamentally more of a payments infrastructure play.
Jeff
Right?
Brad Garlinghouse
I mean, certainly around remittances and some of the payment providers. And again, us payment providers have not been as, as proactive around some of these technologies. And I think that may unlock now. So I know it's maybe an inadequate answer in some ways, and I'm not answering the question. I just think it's going to depend upon the type of bank. You know, some banks think of themselves more as around the custody side of the world. But I do think one of the fascinating things, and I think Sergey on stage earlier was referencing, you know, stablecoin legislation. I think is, is close. I have heard from some tier one banks that they may issue their own US dollar, stablecoin and, you know, hard for me to predict how that plays out.
Chip
Yeah.
Brad Garlinghouse
But you know, that that also is a evidence that they're leaning in, in a way they haven't before. And again, if there's one thing I would emphasize to this audience, we are underestimating the tailwinds from the shift of the last six months. The largest economy in the world has been quite hostile to our industry and is now moving the other direction quickly. And I think we underestimate those tailwinds.
Donald Trump
Yeah, absolutely.
Chip
Yeah. What are your thoughts, Jeff?
Jeff
Man, you know, I think he hits it, you know, spot on, you know, especially, you know, if we connect it back, you know, to what you were talking about, you know, but Brad Garland House understands the direction we're going. Brad Garlinghouse understands, you know, some of the issues that were at hand, you know, leading up to where we're at right now. And it's, it's really, you know, we're kind of in a very interesting position right now. You know, make America great, allow crypto to flourish, allow the US to, to be, you know, a leader in this space, allow the development to take place. You know, there's so many aspects of what need to happen, you know, from here moving forward. We've seen some major inroads to allow this stuff to happen. I've seen some real negative, you know, com or, you know, 45, 60 days into this administration, people have an expectation of, you know, of like, I don't know. I don't know what some people's actually, you know, some people are just going to critique, to critique. More has happened in the past 60 days than we've seen. You know, I don't, you know, I mean, obviously the previous Trump administration, a lot happen. More has happened in this first 60 days and happened in the first 60 days of, of, you know, his first administration. More is happening in the first 60 days than happened, you know, in, in the first part of the Obama administration. The last four years has been a dismal failure in terms of the Outlook for this country, the outlook for cryptocurrency, the outlook for blockchain. Yet, you know, we saw companies, you know, building and we saw countries making progress. But now in the past, you know, 60 days since the US is now taking on leader, a leadership role and it's becoming acceptable in the US to see development within blockchain and to drop all these malicious lawfare type lawsuits. Not just from a political perspective, but from a economic, corporate perspective. If we see what they did to ripple, that was 100 lawfare in order to not just topple Ripple, but it was a direct attack on the entire industry as a whole. And Brad Garlinghouse said it early on that they are their lawsuit and what they're doing in the battle that they're fighting is specifically to save the crypto industry. Now the outlook is phenomenal. And now we're starting to see positive legislation and pot, not just legislation, but actual events taking place. Like what we're seeing in Japan with, with stablecoin legislation, what we're seeing over in Dubai, with tokenization of real world asset. We're starting to be, we're starting to see this beginning stage of real infrastructure spreading on a global scale from blockchain, from crypto, from XRP or the XRPL and beyond, not just the xrpl, but this is the starting point, you know, right now, you know, to see kind of when that rocket's taken off and you got all that smoke billowing and the fires taking place. I believe we're at that stage right now. What are your thoughts from what he said?
Chip
Yeah, I think so. I mean, and the other thing he talked about was, which I think was key too, when he talked about, you know, he was talking about banks potentially getting in the stable coin. Yeah, I actually see that happening for a multitude of reasons. But also I don't think banks, banks are running on thin margins as it is. They're, they're already, they're already very low on lacking, you know, any sort of, of real, you know, backing. So I just don't know how they were, they would have the amount of funds to actually back a stable coin. So I don't see it. And it doesn't seem like the business that a bank should be in on putting stable coins. I know they probably want to get into the business, want to do a little bit of control. Yeah, we see someone like a JP Morgan. Is that who he's talking about? JP Morgan maybe getting into the game, launching their own stable coin. You know, then you flood the market with all these stable coins. I don't necessarily know if that's the right way to go if I see the banks doing that. But he must have gotten win from somebody, you know, pretty high up that some, some people are thinking about jumping into the game but then remember, you gotta, basically you have to back it with something, right. So I don't necessarily know that that's the game they want to be in. That's not the, the focus of what they're going to do. But it would be interesting to see if banks actually get into it. I would be surprised. Maybe like someone like a JP Morgan would jump in. Maybe some of the bigger ones like a Bank of America, maybe a Wells Fargo potentially. But it doesn't really seem like it bodes well for them and their business. Like there's not enough wind going on there. They don't necessarily have the technology down, so to speak, but they could control some of it. But I just, I don't know, it just doesn't, doesn't sound like a logical move. And even if they do jump it, it might only be temporary. And will they survive in the long run? Hard to say. Here's something that. This is something that was posted on uphold a while ago, but a statement by David Schwartz is pretty interesting. Let's listen in.
David Schwartz
So there's going to be a change. Every bank in the world, every payment company in the world would love to say to Amazon, to Airbnb, to Uber or to that niche company, fire your payment employees, we'll just do your payments for you. But they can't. The networks they're built on just weren't designed to provide that functionality. That is going to happen no matter what. That is a given. We had a revolution in the physical delivery of goods with the shipping container which globalization started. Globalization. We had a revolution in the develop in the delivery of information with the Internet. But what we don't know is what is the TCPIP of money? What is the shipping container of value? We don't know that yet. There's going to be one though that is a definite and that's going to bring changes. And what I also want to get through is that one of those changes that I foresee, that I think is important is that the size of payments are going to shrink drastically. Shrink. Many of you people here probably have a job and you probably get paid twice a month or every two weeks. Well, why is that? You probably pay bills once a month. Well, why is that? It's because payments are expensive and clunky. But if Payments were cheap and simple, then those frequencies could go up. Money could be streamed at you while you're working. You could stream money to your landlord to pay for the place where you're staying. Now, I know those sound like, those sound dumb, and I'll be blunt. Yeah, they are. And I'll tell you, like, if we were talking about email in the late 90s and you said to me, like, what are people gonna use email for? I probably could not have given you the examples that is on everyone. Probably here, how he has a cell phone, probably has email on it, and probably has hundreds of messages that look nothing like postal mail or the messaging that existed in the late 90s. None of that could I have predicted. If you'd asked me if the Internet had enough bandwidth in the year 2000, I would have said, yeah, it has plenty of bandwidth. Could I have imagined Netflix and On Demand Video? That's ridiculous, right? Like, the cost of bandwidth is too high for that. But the Internet drove the cost of bandwidth down to zero. And if the cost of payments go down to zero, the world is going to change.
Chip
So spot on right there, man. That's an important statement right there. And I love the way he ties it back to something that people can understand. Because if you don't tie it back to something like email, because, you know, nobody really knew, like, how you were going to use email or what important tool that, you know, could develop into. Why? Because we always use legacy items to compare it to. We, we said, well, it's no longer you're going to send an envelope and you're not going to put a stamp on it, but now you can send electronic mail, which is what email stands for. It's electronic mail, and you'll send it to your computer. And people are like, oh, really? And they're trying to tie it back to what you would do. And it's like, well, you, you no longer make your payments and put a check in the mail and then mail it off. Well, yeah, because you can go online and make an online payment, right? So no one saw that coming potentially either, because just people saw it as a new way. You could go into your bank, you could set up a payee. Back in the old days, you remember, you set up a payee, you would send. You would send the money and then it would get routed directly to the payee. But it's just easier to go to the said, whatever, whatever you're using, whether it's utility, whether it's a, you know, a credit card, you could set up Auto payments. Or you could just go there and make the payment, you know, go through it. Boom, boom, boom, boom. I mean, doing auto payments for so long, Jeff, it's like, it's almost like it's been 25 years. I remember doing them in the 90s. I set everything up in the 90s. I was doing auto, auto payments and stuff. It's like, yeah, I don't even know how much stamps cost you. I, I wouldn't. I haven't bought a stamp. I mean, I have no reason to use mail.
Jeff
I don't, I don't, I don't nail anything. You know, it's Craig. But what he's. That last statement summarizes everything, summarizes kind of the whole direction that we're moving in. So right now there is a problem that exists. The problem that exists is, isn't so much from the consumer perspective as it is on the business side. And on the business side, from a payment, you know, from a business complete completion transaction, whether it's B2C or B2B, and that is the cost of the transaction. So everything that you just said, that credit card transaction is costing somebody three and a half percent. That three and a half percent is a direct cost of doing business. You know, when you accept the credit card, you're either absorbing that as, as a cost of business or you're figuring out a way, how can I pass that along to the consumer? Can I increase the cost of my good. To absorb that? Can I transfer the 3 1/2% onto the consumer? And yet I'm still taking a little bit of a hit because I'm adding that on. And I still have to pay it a percentage on top of what they're adding into it. But from a B2B perspective, that happens on a regular basis. It's like, I want to pay for this with my credit card. Okay, great, three and a half percent. I'm going to charge you three and a half percent to put it on your credit card. That's a problem because it's a complex, clunky mechanism that is slowing down the business transaction. Again, it's a cost. If you can eliminate those costs and we can make payments seamlessly and everything else that you and I have talked about, right? Just from a transparency perspective, from a, you know, if you want to establish a trust line to whom you're doing business with, if you've never met with them, we have all these mechanisms in place. While I feel comfortable, because if I'm buying, let's say on Amazon, I Know, I can return it to Amazon. Even though it's a, another seller within Amazon. They're the, they're, they're kind of the parent in the situation. They're protecting you in that transaction. If it's an ebay, used to be eBay, eBay wouldn't protect you, but PayPal would protect you. Right. So there was a protective mechanism as a consumer, not so much from a seller perspective. The seller from the business side always seems to be on the, on the bad side of it. Everything is situated to protect the consumer, again, not the business. So there's that layer of trust. Now how can you establish Trust on a B2B scale, B2C scale? How can you eliminate all these middlemen and all the elevated costs for transactions? That's a really critical part that people seem to, you know, maybe not be as aware of. But if we can eliminate that, you know, it, it starts streamlining things and that's kind of what he's referencing. The cost of Internet bandwidth was really expensive. You know, I mean, in the, in the early days, if you wanted to be able to, you know, stream it at better, you know, speeds or whatever it might be. But you know, it's a, we're kind of a, in a, in a pivotable pivotal moment, you know, to where. But we're not just talking about moving money. And, you know, there's so much more that has to happen transactionally within the blockchain ecosystem as we start tokenizing asset. But even if we're tokenizing asset, we're doing it from a financial perspective. We're not just tokenizing a real world asset just for the hell of it. We'll put it on blockchain because really.
Chip
Right, so that's why we're doing it.
Jeff
Right, exactly. So it tacks back to the, the, the, the financial part of it. And if we can again cut out all the middle people, even in like real estate, to me, you know, you know, real estate's a perfect example because there's so many hands touching the pie, you know, that by the time you get your slice, it's really small and someone's paying, you know, a lot of that pie to all these people that I don't think need to be in the middle anymore. You know, we can resolve it all through, through blockchain and you know, through trust line and, and you know, through tokenization through nft. You know, we don't need all these, these instruments any longer, you know. Yeah, that's the direction we're moving in.
Chip
Yeah, it's a good commentary. For some reason, I thought we were just tokenizing assets because it was a cool thing to do, but.
Jeff
Well, yeah, that's. That's kind of how it all started. It was just cool. Hey, I tokenized my asset.
Chip
Asset. There you go. It's gonna go through some of the comments. John Page said XRP sentiment is positive today due to the SEC lawsuit dismissal with Ripple. Bullish trader outlook increasing investor confidence in Ripple's future. XRP plumbing Ripples, the new monetary system. The system is set, tables ready for the guests to have a seat. Just a matter of time when the food's going to be brought out. This will be starting of a system. We got Rashville Hawk here. It says XR expect XR Pect. Like XRP XR Peck. The unexpected. Of course, the attack on Ripple. Because they were a dominant technology, the monetary system wanted to get control of it and hold it so it could control it. The button has already been pushed. The effects of the buttons happening today, like, it's going up that hill and starting to come down. Let's get ready. So I think there's a lot of interesting things, guys. And also type in yeti. We've got 13 right now. Type in yeti so you have a chance to win that. There it is. Yeti, Cardano, Ada, of course. Another great. Another great one. So there's a lot of good stuff here. Boomers are still writing checks in the grocery line. Not this boomer. I don't use checks. I haven't had a checkbook for 20 some years. Anytime we have to write a check, I have to go to my wife and go, hey, do you still have checks? I have to write a check for something. It's like, it's so weird that, like, people are like, what do you mean you don't have a checkbook? I'm like, I don't. What do I need one for? I haven't used one since the 90s. I don't have no reason for a check. Checkbook. I haven't seen that. I haven't seen anybody write a check in the. In the checkout. But I don't know. Maybe. I don't know.
Jeff
I've never seen that.
Chip
I've never seen.
Jeff
I would say never.
Chip
But when they do, Jeff, the past, they write a signature as if they're signing the Declaration of Independence. Like, usually just go, like scribble, something like that. But they're like. Like six minutes on this. You think they're done and they start crossing stuff and doing little squiggly things. And I'm like, well, is there official. How is that? Like, like anytime, like they go like, you know, when they give you something back, you buy something like here, you got to sign. I'm like, really Put a big X there they go. They're looking at me. I'm like, is there some official checker? Is someone going to check to make sure it's my signature? No. So who cares? I can write a scribble. I can write a happy face. Stupid.
Jeff
There you go. But you know, Kelly's, you know, we get more checks now since we started charging people if they want to send a check. I tell them, I tell them, first of all, if you want to send anything overnight, don't send anything snail mail because it takes too long. Might never get it. If you're going to send a check, send it, you know, overnight at FedEx and send me a tracking number. If you don't want to spend the money and go to the FedEx to do an overnight, do an ACH and that's it. You know, there's, there's no, there's no wiggle room there. So that, you know. And it pushes people away from doing the whole check thing to doing ach. Ach is such. Is so much more efficient. I don't even want people to use credit card because, you know, it, it just because of that cost and you know the chargeback potentials and it just, it's a whole different layer of problematics. But look at Eliana saying I pay rent with checks. My landlord won't accept any other form of payment.
Chip
That's interesting. Wow.
Jeff
That's why you should accept ach.
Chip
They should. Yeah, you would think so. And I remember when I was, when I had some rental properties, I would just get it in. Yeah, it was just ach. That's. I would set up an ach and it was an auto payment. Get it on the very first, you know, six in the morning and first, boom. Get it right away. Perspective.
Jeff
We do use checks still.
Chip
Cindy has a winning idea. Invest in inflation. Buy forever stamps for U. S mail and then sell for huge profits in five years. And the government requires mailed and proof from Social Security recipients that they're still alive. Well, there you go. You still alive. Gotta mail it in. So that's a, that's a, that's a huge opportunity right there. For sure.
Jeff
Champion Killa says XRP can't even do smart contracts.
Chip
Yeah. But it will be able to upgrade.
Jeff
It in how many years?
Chip
Layer 1. It will be able to do smart contracts through layer ones. But again, that's not. It'll actually be probably better and more efficient than what we know as smart contracts today. Because again, everything changes, everything becomes more efficient. So Ray Run says, use Zell. It's even cheaper than Ach. Yeah, I mean, Zell's pretty. Zell's good too. Like, I pay a lot of merchants that way. Or contractors come over. Like, you use Zell, you know, and recently I was traveling for work. I was in Vegas. And, you know, a lot of times, I mean, you. You have cash, but you give out cash. Tip this person, tip that person. Next, you know, you're out of cash. And like, when they have those, like, setup bars, I'm like, what, what do you guys take? Zelle. And it's really weird because it depends where you are. Sometimes everybody has Zell, right? The guy that you go into the bathroom when that has the mints. He's got his little Zell thing set up there. Zell, he's got PayPal. He's got different ways to get paid because people, they want to give you a dollar, two dollars, whatever, take out your phone. Click, click, boom, boom. You're done, you're out. And I asked these guys, you guys use. The guy goes, well, I use Zell. And I was like, oh, Zell's a little complicated. But, you know, what else do you do? You. What? You know, what do you guys use? I mean, is there anything you guys. That you. That you have? And it's like, it's. It's just weird that they don't use Ultimate Payment Systems. Weird. Zell is accepted. Well, not all. There's actually smaller banks don't have Zell.
Jeff
But, yeah, I know some problems right now. I don't know, was it Chase or Bank of America? Enter, announce something with Zel that they won't accept it or use. I don't know, some. Some statement earlier.
Chip
Yep. And. And I was like, do you have Venmo? I was like, I'll just Venmo the thing. Because sometimes I just pull out their phone. Yeah. They scan their thing. Boom. We send them, you know, some bucks that way. But most people have venmo. They have PayPal. They have something, and it's just easier to just pay them that way. And again, it's super cheap, super inexpensive. You just send them a thing and boom. Thanks that matter and good night. A lot of credit unions don't. They're too small. They don't pay for the Zelle network, whatever. They're not there. Because it's funny, my buddy, who I just recently purchased a car from and for my daughter, and I said, send it. You know, Jeff, I say, like, hey, set it, please. FedEx it to me. Pretty simple instructions. Send it to me, FedEx. I go, if you want, I can pay you for the FedEx. You know, 40 bucks, whatever it is. Because he's going to send me the title. I have the car shipped to, you know, my residence. And so he sends me. He sends me a picture of the stuff, and he goes, oh, I. Here's the tracking number. I'm like, dude, that's the US Mail. You don't understand. I may not even get this thing. He's like, what do you mean? I'm like, I just may not. The mailing system's, like, screwed up. I'm like, I might not even get it. He's like, what? Dude, the car got here. The car was picked up the next day. The car got here coming from Texas before the mail arrived. And I'm like, fedex. I would have had it in hand the next day or two days, guaranteed. Sign for it. Done. But no, this is the U.S. mail. And I'm like, like, dude, I didn't know anybody used the US Mail anymore. I mean, seriously, it's kind of a weird thing, but one of those weird oddities. We got something from LCX every so often. Yeah, everyone. I mean, it did get there. I mean, and the tracking was like, for two days, it just, like, didn't move. And I was like, well, where is this thing? It's just sitting there for two days, like, and then it started moving and then it got delivered.
Jeff
Mark. I get my mail, my neighbor's mail. It happens all the time. We get our neighbor's mail from, like, around the block. I had an Amazon, didn't come here, said it was delivered. And it took like two, three weeks later, all of a sudden, someone knocked at the door and they're like, oh, I think this is yours.
Chip
I'm like, wait, two, three weeks later?
Jeff
Yeah, yeah, two, three weeks later.
Chip
So they bring all the mail and sit on the coffee table and then eventually go through. And they're like, oh, this is an artist. Look at this. Here's a. Here's a package that showed up. Well, where I live our way for.
Jeff
Us to go over there, I live.
Chip
On like a street that's called, you know, drive. And right behind it is something called Lane. And why would you pick the same five digit number, the same five digit number for this house, and it's Almost like in the same spot, but on the street behind. And so I got to know this guy really well because he's like, you know, he's like, hey, here's your mail. Here's my mail. It's. You know, sometimes they don't put Lane or drive, but even the name should be the tip off. No. So constantly he drop off mail. I drop off packages. Hey, I text them, hey, I got your package. I'm drop. I'm. I'll send it to you right now. Cool. Like Amazon packages all the time. But I'm like, if you. The difference between drive and lane and you put the same number, that's. That's very awkward. Here we go.
Jeff
Be the future here for you guys. If you were to choose now, what I can tell you is it won't be on Ethereum because they need a different settlement layer, which is much faster. And probably also offering a hybrid model between private and public disclosures. So if some. The bank of America would step in. They don't want to disclose all their transactions like it is on Ethereum. So it would be a hybrid blockchain out there. X. XRP ledger would be a good one. You know, you could go right there to it. And.
Chip
And.
Jeff
Oh, I like that. Okay. That's all I needed.
Chip
Give me the old. Okay, give him the winky winky. He's like, you know, xrpl. I mean, that'd be like. It wouldn't be on Ethereum. Winky, wink, wink. Let's see that again. Okay, let's see that wink again. Here we go. First he's, like, surprised, and then he goes, here we go.
Jeff
You know, you could go right there to it. And.
Chip
And.
Jeff
Oh, I like that. Okay. That's all I needed.
Chip
This Paul Baron. Paul Baron cracks me up. First of all, he does a great job. He's fantastic at what he does. He's good. He's accumulated, like, lots of followers and stuff. But, Jeff, I just can't get over the fact that. How much he looks like Fred Armiston, though. I just. I just. I still can never. I can never get over the fact that he looks so much like him. Let me remove this and look at that. I told you that's Paul Berry. You'd be like, of course that's Paul Baron.
Jeff
Yeah, yeah.
Chip
It's just like him, man. He was on Portlandia. He was on guys side by side. Like, there's. Why do these. Paul Barron's pitcher for Fred. Oh, yeah, that's. That's like, these guys look so spot on. Man, it's crazy. It's really wild. He's got a doppelganger there. Yeah, doppelganger. Doppelganger. He's a doppelganger of sports. Right? All right, what are some other stories we got here? So T. Boone. Look at this is. You want to talk about Boone putting your.
Jeff
Man, he puts T Bone. T Bone is. Has been making some really great things. I don't know if you have his.
Chip
Yeah, Tyler is his first name. And I. I've met Tyler a couple different times and he creates amazing things. He made our. On the chain keychains. They're freaking awesome, man.
Jeff
All. All laser engraved.
Chip
I don't have mine with me. I don't know if you have yours with you, but it's not like. But he said, I just sold all my crypto business. I sold all my crypto, my business was holding in order to purchase a piece of equipment to take us to the next level. Threw up in my mouth, clicking, sell. But now the race is on. Now that's conviction. It's funny you had pulled this out, but I had actually responded. I said, onward and upward. Risk more than others think is safe. Dream more than others think is practical. Towered Schultz from.
Jeff
Right.
Chip
From Starbucks. So I was like, you know, that's. That's right. Risk more than others think is safe. And then dream more than other things is practical. It's a nice little quote that.
Jeff
Now let's. What's his website? You have his website.
Chip
I will pull that up, get it for you. Hang on. It is the TI project and I'm pulling it up now. Here it is right here, the TI Project. This is a site. So they sell the arc. They sell the arc plates, which I have one. These are the plates where you can, you know, for your. For your. You basically just put the letters in there for your. For your. Your key phrase. It's made out of metal. So this is what, you know, this is what it looks like. So yeah, you can. So I have an ARC plate. Also has like, you know, dog tags, rings, I mean, you name it. Pendants, xrp. The stuff he does is really badass.
Jeff
I mean, it's non crypto stuff as well. He just has some really, really outstanding.
Chip
Yeah, you can see what he does with like this is what the back looks like. And there you go. And wish you had our example up there. That would be cool. Laser cut titanium. So you can actually cut into these things right here. And ours was laser etched, had our logo on it, laser engraved. So he does some Great stuff. So if you really want to get some cool stuff, pretty relatively inexpensive.
Jeff
The QR code on the keychain. That's really cool.
Chip
That's badass right there.
Jeff
I have to do that.
Chip
Has it all, man. Coins. There you go. Look at the XRP stuff. Xrp Phoenix. He's got. He sells guitar picks. How about that? Metal guitar picks. Pretty cool.
Jeff
That's nice.
Chip
I like that. He's done some zombies, some stuff with Zomin.
Jeff
He makes some really cool rings, though. I mean, just everything.
Chip
Bottle opener. There you go. So TI Project, guys. TI project dot com. I will throw it in the chat, but go support him. He does a great job. Great guy in the comedian. I mean, community comedian Fred Armisen there.
Jeff
And now he's sold, sold out of crypto, you know, in order to support his prod, to buy some of the.
Chip
The crypto his business was holding, you know, so that's.
Jeff
Well, yeah, but. But that move. No, it's a huge move. And you look at some of the machinery that he. That he's bought. Those laser engravers are expensive.
Chip
Yeah. And he's got a lot of.
Jeff
And he's really been. It's. Yeah. Super impressive. He's got a. He puts them up on X, puts the videos up there, which is really cool.
Chip
Yeah, I like watching. And he put our video up there when he was making it, which was really awesome.
Jeff
Oh, sweet.
Chip
Yeah, it was really cool. This is interesting here. So the governor of Florida, Ron DeSantis, said, For years Florida's been trying to return federal funds to the federal government due to the ideologic strings, ideological strings attached by the Biden administration, but they couldn't even figure out how to accept it. Today I met with Elon Musk and the Doge team. We got this done the same day. Other states will follow Florida in supporting Doge's efforts. Can you imagine that, Jeff? They didn't even know how to accept it. So they returned $878 million in taxpayer dollars to the federal government. Just like that. Nearly a trillion dollars returned to the treasury because they put. They put ideologic strings. You have to only use this, and the money can only be used for that. And Rhonda Sets is like, we're not having any of that. And so even, even there's Elon Musk. Almost a billion dollars, your tax money saved. So the reason they hate this guy is because he's. He's basically stamping out fraud. He's actually getting rid of things that are ridiculous. I mean, what I don't even think people know what they're complaining about anymore. Jeff, this has gotten to such a new level where they're going to start attacking Teslas and this whole doge. The Department of Government Efficiency is saving over a trillion dollars just cutting payments. And it was a slush fund for, for all these NGOs and all this money. And it was, it was complicated payment system and everybody was getting paid. It was a slush fund. Everybody was getting kickbacks. I saw somebody talking from one of the African countries saying that it was to destabilize governments, all in the form of aid to Africa. And she was saying, that's not what the money was used for. It was used for, you know, notorious things. And it's like, well, all of this stuff has all been scammed. And this is why they hate them. Because the left starts saying, oh, you're, they start on the news media, they're coming after your Social Security. Not true. They're coming after you. They're looking at your personal information and payments. Also not true. Just the level of a pure hatred is just at a new level. Pete Hexseth, I absolutely love this right here.
Jeff
Check this out before we go on. Just because it's, it's here, it's not live, but check this out so we don't go too far off. Here we go. Check this out. This room. This is what T. Boone had sent to us. He said, hey, on the chain, check this out. Those, those are the, those are the key rings. Make it. There's, there's another one. I'll pull up the second one, but. Well, I'll have to get that one in a minute.
Chip
Pull up the second one. We actually etched it in there.
Jeff
Very cool.
Chip
Those are pretty cool.
Jeff
Yeah.
Chip
So find the hole as you're looking for that. I'm gonna throw this one up here. Washington Times said U. S. District Judge Anna C. Reyes orders Pentagon to allow transgender troops. Calls Trump's ban unabashedly demeaning. Right. And so Pete Hegseth said, since Judge Reyes is now a top military planner, she, they, she, they, she, they can report to Fort Benning at 0600 to instruct our Army Rangers on how to execute high value target raids. After that, Commander Reyes can then dispatch the Fort Bragg to train our Green Berets on counter insurgency warfare. That is a great way to tell somebody to go f themselves, Jeff, right there. If I've ever heard one like, yeah, okay, report to duty. Since you're now a top military planner, because you thought it was Demeaning. The reason transgenders can't deploy is because they need. They require. They require a lot of medication. They cannot. You cannot take in the. You cannot be deployed or in battle because of your. Your hormones you're taking to keep up the facade. So you take an enormous amount of medicine that cannot be shipped to locations. That's why they can't deploy. So there's a medical reason for it. And so basically, they just. All office workers, and they don't need office workers. So this is why they're getting. Rooting them out of that military, because they. They. You know, anybody that has a condition where it takes a lot. You're not even going to be in the military. So it doesn't matter if you're transgender or not. If you require a lot of medication, you can't ship out with medication. There's no way to dispatch medication. There's no pharmacies in the war zone that they're just going to run your pills to you and. Okay, here you go. Here's your morning dose. Here's your injections. It just doesn't work like that.
Jeff
Right? So, okay, here we go.
Chip
What do you got? You got it, Jeff.
Jeff
There's a bunch of them. I had to dig through them, but check this one out.
Chip
There it is. Beautiful. There's the beautiful. On the chain logo. It's adding the shading. So there it is, the logo right there. Look at that.
Jeff
And then just ready to be picked up right away.
Chip
Another on the back, it says on the chain, which he engraved on the. On the chain on the back. How cool is that? Freaking awesome. So we should get some more made up, and then we'll start giving away some keychains.
Jeff
Yeah, we need to do that.
Chip
We gotta mail them out. That sounds like a lot of work.
Jeff
Well, we gotta mail them.
Chip
Oh, we gotta get them to people.
Jeff
Can we sell them?
Chip
I wish we could, but the sound effects, it's like, are those real? Those aren't badass. There it is right there. Yeah, yeah, hang on. Yeah, there it is. You see on the front there? That's on my keychain right now, on the chain on the back. Gorgeous, man.
Jeff
So awesome.
Chip
Yeah. We took those to Australia last year when we went there. So we were giving those out in Australia.
Jeff
Yeah. Let me put some music effect to that.
Chip
Here we go. Yeah, yeah, yeah.
Jeff
Oh.
Chip
Oh, beautiful. I love it.
Jeff
That's awesome.
Chip
Amazing, amazing, Jeff. Amazing, amazing. So Attorney General Andrew Bailey, he's the Attorney General from. From Missouri. He's. He's getting a little Brash there he says, hey, hey, China.
Jeff
Everybody say what's up to Blackjack Larry. That's my dad.
Chip
Hey, what's up?
Jeff
Comes on and what's up, Papa Hoddle.
Chip
He's now Blackjack Larry.
Jeff
Hey, that's right. He used to be Papa Otto.
Chip
Used to be Papa Hoddle. Yeah, I remember, Jeff. I remember.
Jeff
That's right.
Chip
So we have, hey, China, you owe Missouri 24 billion. I just want a judgment in court. Pay up. We start season. Assets and farmland. Whoa, he ain't playing. Yeah, he wanted judgment. So There you go, $24 billion. Pay up. You think that's going to happen? No.
Jeff
No.
Chip
And so here's one here where the White House had, had posted this. A well regulated militia being necessary to the security of a free state. The right of the people to keep and bear arms shall not be infringed. Second Amendment. Dan Bongino paid a visit to the ATF today. A new era where one where Americans will be kept safe and their constitutional rights will. This guy gave up his, his very lucrative. He was in the, he took the old Rush Limbaugh spot on, on, you know, broadcasting throughout the U.S. and he gave up his, his daily radio show to do this, talking about millions of dollars in losses to go do a government job. So you got someone like Elon Musk who has millions of dollars in business. He's the CEO of X. He's the CEO, the boring company of, of, what's the rocket company called, Jeff? What's it called? SpaceX. So I mean, you look at a guy like that, these are people donating their time. You have other people who are coders who could get lucrative jobs anywhere, you know, easily making 500k to a million plus. And they're getting these government jobs, they don't even pay any money. Most of it's volunteer and people are mad. This is, this makes zero sense. So you want to continue to be ripped off by the, by the government. Another one he said, why should bureaucrats in D.C. dictate how our children are educated? They don't know our values, our schools, our families. Thank you, President Trump. The Department of Education has to go. Education belongs in the hands of parents. And if you look at the chart every from, from 1979 when the Department of Education was signed by President Carter, every year the test scores, especially in math and reading, have dropped every year until 2025. Now, we played the clip yesterday contrasting Reagan when he was running for president, saying he wanted to get rid of the debacle, he wanted to lose it, but it was Trump that actually did it. Right. So this is why I say Trump is still the most probably conservative president we've ever had in our lifetimes, you know, especially when it comes to government size. Reagan cut the government, but by the time he left office, it was bigger than when he had first started his first term. So you see a lot of what that's happening and what people don't understand. You hear a lot from people like, oh, my God, they're going to leave kids behind. Well, if you look at the money and the way it's dispersed, most of it goes to bureaucracy. Very little actually ends up in the state. And what Trump wants to do is take all of that money, give it to the states equally. You guys all get the same amount of money, you figure out how you want your education to go in your state. And it ties into exactly the 10th Amendment and the whole idea of decentralized rule, which is the states have their own states rights, which is how the, you know, the founders envisioned it. That the, the, the grand scheme, you'd have the government do, you know, protection of the borders and, you know, protection of the country and all this other stuff, but the states would make their own sort of rules. And that's why you have a, you know, that's why you have your, your, your legislation, you know, your House and your Senate and your governor and Lieutenant governor. You have your own form of government. There's. But he actually did it, Jeff. I think it's outstanding. We're 60 days in. The Department of Education is done, and, and it's no more. Your thoughts?
Jeff
Thank God. No, thank God. You know, it's been, it's, it's been a travesty, you know, for a long time. You know, it, you know, the crazy thing is, is that when teachers fail, you know, they can't, they can't even fire them, you know, so, you know, there's a problem baked in to the education system at large. The standard for teachers is extremely low. We need a, we need a fundamental change within the education system. I think part of it is raising the standard of expectation from the teachers. At the same time, raise the salaries. Let's pay our teachers more, but raise the expectations. Have a, have a much more challenging, rigorous, you know, job recruitment and also allow them to be fired. So hold them to account. Right? And that, and that's really, really critical. You know, we have to hold them to a level of accountability. We have to pay them more, we have to hire them better, and they need more education. You Know, and, you know, unfortunately, you know, and maybe fortunately, they should also have some level of education in psychology. They should also have, you know, job experience outside of education. I believe that's fundamental, that, you know, you can't, you know, we need to be able to create great teachers in order to create great teachers. There's different elements to it. And if you're going to teach, let's say, business, you better have a. You better have a business background if you're going to teach mathematics. I hope at some point you were, you know, utilizing, you know, that. But it also depends on, you know, where, you know, what level of education they're teaching in. At the primary level, you know, I think, you know, this is where they're raising the kids up. The kids are extremely impressionable. There's, you know, a certain stature and, you know, I'm liking what legendary saying, you know, teachers shouldn't have blue hair. There has to be accountability on all levels, and we just have to change it. And right now it's being warped based on whatever sense. I, I can't even explain, you know, what's going on over there over, you know, through this Department of Education, because it's not a department for education. It's a department to, you know, I don't. I don't know. It's, you know, it's a lobbyist scheme. You know, it's a way to. To move money around. It's a way to extort. It makes no sense that we have a department at the, at the federal level, bring it back to the state level and, you know, let's call it a day. But there still needs to be, you know, more in and around it, and it needs to shrink down in size. You know, you look at administrative costs. Why are administered. Why is the administrative of a school system so complex? Right. Running the school, you know, there's. There is like running a business. You know, you have the utilities, you have the infrastructure, and you have the student.
Chip
Right, right.
Jeff
Commodity is, are we educating them correctly? Are we bringing them through the process? How are we treating our commodity? You know, and there. It's been so mismanaged, you know, for so long. And I think Blackjack Larry said it again. You know, he's. Well, that, that's a point. But there's the other point here. They should get paid more. You know, we need quality teachers. Pay them more. You know, I'm okay, but let's see the production. Let's see what they're producing right now. A lot of these teachers shouldn't Be there, but you can't fire them. But we're also recruiting low level, but.
Chip
You can when you lose the Department of Education and he's right, you have to, has to go through Congress to shut it down. So it has to be passed in the House and Senate, which I likely probably will. But you can also run a bare bones sort of a methodology as well. But this is what you're going to get. So we know how Florida is going to, going to run. But in New York, the teachers don't have to take a controversial, this is how you word it in the press, controversial announcement, assessment to get certified. So what they basically did was they relaxed the test because they couldn't find people that could pass it. So instead of the reading, writing and the mathematics portion of it, they relaxed it to make it so anybody could. So do you want somebody teaching your kids who can't even pass the basic, you know, exam? This is ridiculous. But this is what, this is the kind of teachers you're going to get in New York. You're going to get dumbed down versions versus Florida. And Florida is number one in education. Look at the, look at the states that do really well in education, that typically are red states. Right. New York also does pretty well. But I think it's, it's going to start changing as well. So it's going to be, it's going to be a very strange, a strange thing.
Jeff
But let's see, it's critical.
Chip
Let's see. If you want to educate your kid in New York or California, do you want them to be preached to, all this, the dogma and ideology, or do you want them to learn how to. Yeah. Do you want them to learn about finance? You want them to learn about, you know, cryptocurrency? Do you want them to, I mean real, real skills that you need in life or do you want, how about history, the social studies garbage? Social studies, what does that mean? Are we learning? They don't even teach history anymore. Like I was always shocked by my two, my two kids when I would ask them about historical events like, oh yeah, we don't learn that. We don't, they don't teach us that. Yeah, so great. So you're teaching kids. What are you teaching them? They don't know even about the founding of the country. And it's sad when you think about.
Jeff
Nothing, none of it now when you.
Chip
Think about like people that make it to college, right? So there's, there's a certain portion where you have to get to college. You, you, you make it there on. You know, you have to take a. You know, a test to get there. It's not like you just get there overnight, right? But here we go. Here. Here are some spring breakers. Civics. Exactly. Civics. They don't teach civics either. That's another thing. Absolutely spot on, man. This flat, flat earther, gifted on the chain. Appreciate that. Appreciate that, guys. But here's some spring breakers, Jeff. Now, please don't laugh too hard. If you guys don't laugh too hard at this, but see if you even know the answers to this. This is basic stuff. Now, I know blackjack Larry probably knows this like the back of his hand. I know jeff, and I do, But I'm just asking you guys, do you know this? Spring breakers. Now, they probably went to prestigious college. The parents are doling out 20, 30, 40, 50k a year for college education. They supposedly did well enough to be able to earn the right to be there, but they can't answer basic questions. Let's go.
Jeff
Colonists fight in the revolutionary war.
Chip
Who did the colonists fight in the revolutionary war? Now, wait for it, Jeff. Look at the. Look at the look of puzzlement on their face. The revolutionary war. Who did they fight, Jeff? I don't think there's a person that doesn't live in this country, doesn't know this. But let's see. In the revolutionary war, it was. Oh, I don't know if this is right. I mean, it sounds so stupid. Was it the spanish?
Jeff
Wait, what are your majors?
Chip
Business, biology, elementary education. Oh, the one that's going to teach elementary education doesn't know who we fought in the revolutionary war. She thinks it was spain. What's going on, Jeff? This is what? This is a person. I mean, and you're on. You're immortalized on the Internet. My gosh. Idiots.
Jeff
Who else used to do, you know, out in the street? That was. What's his name? He's on fox news, you know, and he used to walk around and talk to people just in general and ask them, you know, all sorts of questions in and around stuff that should be taught. But here they're in. They're in college. They're at the university level, and, you know, they're learning.
Chip
He says they're 15, 16, 17. Doesn't matter. They're in college, dude. They're at least 18, 19 to be in college. I mean, here we go.
Jeff
Oh, what shape is the u. S. Pentagon building, Jeff?
Chip
What? Do they even know what a pentagon is, Jeff? I mean, my God. Holy crow. Listen, this isn't it just a square. How many u. S. Senators are there?
Jeff
How many amendments are in the bill of rights?
Chip
There's a lot.
Jeff
I know, I know. 17. Who won the civil war? Oh, shoot. It's east or west, right?
Chip
Well, it's the civil war, so it's the civilians versus whoever was in power. This is really. This is sad, Jeff. This is sad. These are people who vote. These are people they. They can vote, right? I mean, insane.
Jeff
How many justices are on the supreme court? What justices?
Chip
So I got, like. When you say that, like, you mean like the FBI?
Jeff
Oh, my God.
Chip
It's just. It's just the level of stupidity she's trying so hard. You mean the FBI? Yeah, that's exactly what I mean. The justices, you know, the justices who work at the end.
Jeff
Worse. But this is because it was on the 100 bill.
Chip
Now, Jeff, here's what I'm. I'm not going to be somebody crazy, but if you go to early, like mid-90s rap, they would. 90s rap would talk about this quite a bit in a lot of songs. Right. You would hear this. But they don't know who's on the hundred dollar bill.
Jeff
Abraham Lincoln.
Chip
Nope. That's the first amendment.
Jeff
What's the second? Right to vote.
Chip
Name the right to vote. Did you know that, Jeff, that the right to vote is. This is the second amendment?
Jeff
I did, yeah.
Chip
Did you know that? Were you aware? But the good news is, right, you know, I don't know. I. I just. And I. And I know they probably cherry pick the ones that got them all wrong. Right. There are probably a lot of kids, I would think.
Jeff
Sure.
Chip
They've got them. Right. You know.
Jeff
Oh, yeah, the Babylon beetle.
Chip
Don't you remember? Like with the hundred dollar bill, they call them, you know, the Benjamins you got. I was always about the Benny's. The benjamins. Right. It was always in every rap tune. Like that's how you would kind of know it by association. I don't know.
Jeff
Three states that border Canada. We'll just do one per person.
Chip
Okay, Jeff? Three. This is not a tough one. Just give me three states that border Canada. Three. Asia. Asia.
Jeff
Oh, my God.
Chip
Canada had a border. I didn't know Canada had a border. Weird. That's weird. Canada has a border. Who do. Who's.
Jeff
Who's Benjamin?
Chip
Benjamin? Benjamin Franklin. Come on, man. I.
Jeff
They don't use cash. Just their parents, credit cards. That's right. They'd have no pictures.
Chip
That's right. There's no pit. Well, I. That I can almost understand. Not like somebody Rips out, you know, a hundred dollar bill. But come on. It's just. It's a little bit insane, but a.
Jeff
Lot of these kids haven't seen cash. They don't use cash anymore, you know, so that's kind of scary, too. Wouldn't even know how to calculate it. Like, if you look at the change and you look at all the different details.
Chip
How about this one, Jeff? This is a classic right here.
David Schwartz
In the future.
Chip
The guy guesses it. He says, guesses in the future.
David Schwartz
In the future.
Chip
Shocked. Got it. He shocked he got it wrong. He's shocked he got it wrong. Good night, everyone.
Jeff
Thank you. This is Wheel of Fortune, Joe. Bitcoin is the future. Yeah, that's right.
Chip
P. Bitcoin is the future.
Jeff
People, your time starts now. A group of pill pushers.
Chip
A group of well wishes. A group of well wishers.
Jeff
Yeah, that's it.
Chip
That's insane. Holy. Yeah, yeah, yeah, Huh?
Jeff
I can do anything with that one. I like that one.
Chip
Yeah, that's a good one, huh? My goodness. Well, let's go ahead and draw. We got 22. Oh, 22.
Jeff
It's that time, you know.
Chip
You got 22 people.
Jeff
22. All right.
Chip
Before we do that, though, I did want to play this commentary of Mark Carney, who's the new Prime Minister. Oh, yeah. Prime Minister of Canada. This is somebody who knows him well.
Mark Carney
It is extraordinary that Mark Carney has become the Prime Minister of Canada. He did a terrible job in Britain of the governorship of the bank of England. He created a lot of the problems that blew up on my watch and that I got blamed for were actually created by him. He backed labor in the election and Rachel Reeves policies which are leading the country to bankruptcy. So why on earth the Liberal Party of Canada has selected this man? I have no idea. And I think it is illegitimate that this guy has never been elected as a member of parliament in Canada. I'm utterly puzzled. And the Canadians. I'm not going to tell the Canadians how to vote. Obviously I want the Conservatives to be elected. To be elected in Canada. But I think it's. Justin Trudeau has pursued a lot of the same policies that Europe has been pursuing. And America has raced ahead of us. Back at the turn of the millennium, the average Brit was catching up with the average American in terms of income per head. We are now $34,000 a year behind. We are poorer than Mississippi, which is the poorest American state. And the same is true. The same is true of France and Germany and to some extent of Canada, because they pursued all of these woke policies. High taxes, high spending, not using their natural resources. And Justin Trudeau was the architect of that. And of course, Mark Carney has been the advocate of these policies. So I don't know what is going on in Canada, but in the same way as I think people in Britain need to wake up to what the real threat to our country is, I think they need to wake up in Canada.
Chip
By Donald. Oh, that was. Yeah. So, I mean, I don't know. It's. I mean, that's. That's her assessment. Of course. She has a political slant that leans, you know, right. So she does want the Conservatives in. So she has a different position. That's going to be a little bit, you know, she's obviously not someone who likes the Labor Party and she's surprised by it, but, you know, that's her take on it. But she did see, you know, Carney at the governorship of the bank, you know, the bank of England. So that's her. That's her. That's her. Two cents. But let's go ahead and pull this up. We got 24 in here. Type in YETI. Type in YETI. Let's do this. Let's get this ready to go on this one.
Jeff
There we go. What's the word of the day? Get your sawman wallet ready, because this. This one's going to be. Get ready to claim your own legendary blue tri Yeti of the clan Templars. His name is La Jar. Let's go on the chain.
Chip
Badass.
Jeff
Yes.
Chip
Beautiful. Badass Yetis. What happened to our background? Why did it go to black?
Jeff
That's weird. Background.
Chip
There you go.
Jeff
Leaves background. That's weird. I don't know.
Chip
There we go, guys. We got 26. What about blackjack Larry? Did you go ahead and type in yeti? Y, E, T? I. Did you type in?
Jeff
Yes, he typed it.
Chip
Beautiful. There it is right there. Otherwise, you'll have to take it, Jeff, and send it to him. Get it set up for him. Ready? Let's go, let's go. Let's pull it, guys. Let's see who's gonna win. Go. Boom.
Jeff
JC, ACM.
Chip
What's going on, JC? JC's a good buddy of mine, by the way.
Jeff
JC still here?
Chip
I don't know. I'm gonna ping him. I don't think he has a Zomban wallet, though. Oh, my God. I'm gonna ping him right now.
Jeff
Blackjack Larry has a Zomban wallet. Well, let's hope he gets that going. That's the badass Yetis. Of the blue tribe. We still have the white tribe. Then we've got. We're gonna roll out the yowies eventually. We still have the black and the purple tribes. That'll be very cool.
Chip
Okay, so I know he doesn't have his. I don't think he has a zombie wall. At least.
Jeff
Mail it.
Chip
Mail it. I'm gonna mail it. No, I'm not gonna mail it. I'll tell you what I'll do. I'll tell you what I will do. Just. I'll give you the address, Jeff. Send it to me and I'll get him set up on his almond wallet because he does own xrp, but I don't think he has his almond wallet. So we will send it to me. I'll get them set up. I'll hook it up, man.
Jeff
You know what? XRP plumbing. We didn't even. A green yeti would have been pretty cool. Unfortunately, we didn't do green.
Chip
We didn't do a green. Try. We have a purple tribe. We have a black tribe.
Jeff
Black tribe, but we didn't do green. Would have been kind of cool. We had four tribes. We could always expand in the future, but. All right, so there you have it. JC was here. All right. Chip's communicating with JC.
Chip
Yeah, he's texting me right here.
Jeff
Yeah. All right.
Chip
JC's a buddy of mine for, God, 30 years. 35 years. Long time. Long time. Long time. All right, let's do this. I'll send it to you, Jeff, and then you can just go ahead. You know what I should do is I should pull up some of the black tribe.
Jeff
Oh, that'd be cool.
Chip
Go look for the tribes here. Let's go. We got the yowies. That's the next one's gonna drop. We got the chimps.
Jeff
We gotta get.
Chip
Us chimps. Let's go.
Jeff
Green yeti would be pretty kick ass.
Chip
I don't know. But I don't know if yetis are going to be green though. It seems very strange.
Jeff
Yeah, I don't know.
Chip
It's really weird to me.
Jeff
It is a strange color for a yeti, but the yowies. The yowies are kind of earthy, man. The yowies are kick ass too. Should throw up some meowies. The owies are really kick ass.
Chip
I'm trying to find where the green.
Jeff
Machine tribe of tradesmen. None of them have any trades other than battle. We'll print it out and then mail it the group.
Chip
Yeah, yeah, I can. I can put up some of these. Let's see, let's. Let me share the screen here. Stop. Let me share the screen. Can you see that, Jeff?
Jeff
I can see it.
Chip
Okay.
Jeff
But there's something behind it.
Chip
Yeah.
Jeff
What's the text behind it?
Chip
Whatever the story was on screen.
Jeff
Well, nothing's being shared yet, so whenever.
Chip
You share it, you don't see it. Oh, yeah, there we go. Okay, so let's do this. This is the black tribe.
Jeff
The black tribe.
Chip
See, let me go on to the next one here.
Jeff
Got how cool these guys are.
Chip
Hang on a second.
Jeff
I haven't looked at them in a while.
Chip
And then there's these guys here.
Jeff
But those guys were vicious.
Chip
On the chain. Badass yetis. And there's a lot of these bastards here, man.
Jeff
They made a lot of those.
Chip
And then there's these guys here. They look. They look cool in black, though.
Jeff
I like them.
Chip
These are my favorites right here, these badasses.
Jeff
Oh, there we go.
Chip
Oh, the sasquatches.
Jeff
Those are the sasquatch. Those were kick ass.
Chip
Hairy beasts. Some have two eyes, some have three. Yeah, just like that.
Jeff
Looks like what's his name?
Chip
Yeah, that's the black tribe. And let's see what else we have.
Jeff
That's pretty sweet.
Chip
We did have the purple tribe too.
Jeff
The purple tribe. Purple is really. Oh, there we go. Oh, man.
Chip
Purple.
Jeff
They are emotional.
Chip
Yeah, that dude had some cool hair, man.
Jeff
That's extra people. I mean, so the yetis had to build a village. That's a good point.
Chip
They do have a village for sure, man.
Jeff
They do have a village. Yeah. Look at that. Check those guys out.
Chip
Yeah, the lighting purple yetis were very kick ass.
Jeff
Low to it, man. Oh, those little guys are cool.
Chip
Yeah, it's a lot of those bastards.
Jeff
The purple and the black yetis were just like. They just seem to be. Yeah, someone's saying more emotional, you know?
Chip
Yeah, they're. They're a little more dramatic. Like over dramatic. Then there's the. What does it say?
Jeff
Do you guys take personal chat?
Chip
Yikes.
Jeff
These are the yowies. Check out these yowies. So these are for the Australians.
Chip
So the yowies are the equip. The Australia's equivalent of the sasquatch and the in the. And the yetis.
Jeff
So these are the cousins of the yetis. So if they ever make it to the tundra. Yeah, so yeah, always are pretty kick ass. I like the yowies a lot.
Chip
And of course, probably the next one we'll drop are the badass chimpos.
Jeff
Chimps.
Chip
Need a song for that, right?
Jeff
I know yeah, on the chain. Badass chimps. These are the badass chimps. That is chimps. Those guys are going to roll out pretty soon. Those guys are kick ass. Yep. Yeah, those guys are pretty cool.
Chip
A bitcoin shirt on there.
Jeff
Bitcoin.
Chip
Different expressions, different faces, different colors. This is my. This is the one I like here. It's got the revolutionary.
Jeff
Yeah.
Chip
1976 battle gear on.
Jeff
Yep.
Chip
Some are holding things like. There you go. That's the second amendment ship right there. Second Amendment ship. Yeah. Chimp. Beautiful.
Jeff
What software we use. So a combination of softwares.
Chip
Yeah, a combination of stuff to be used to create those combination. And some. And a lot of the chimps were even harder to create. But there you go, guys. There you have it. There you have it.
Jeff
Yep. Awesome. All right, where are we at?
Chip
That's it, guys. We're. I think we're done. I think that's it.
Jeff
We're done.
Chip
What happened to us, Jeff?
Jeff
Oh, where'd we go? We're gone. Whoa. We got. How do we get taken off the stage?
Chip
I don't know. I think I clicked the wrong button by mistake.
Jeff
Very crazy. All right, man. So lots of rag and row.
Chip
Yeti.
Jeff
Adrian.
Chip
We get a pump soon. Well, when we get crypto legislation, the pump is coming.
Jeff
It is coming.
Chip
People are like, oh, the ripple wallsuit. Nobody cared. You know why? Because XRP was Never a security. July 13, 2023. Not a security privatized company that was getting sued by the sec. God bless them. They had enough to defend themselves. But doesn't matter in the grand scheme of things. So people that were hinging their bets on that were seriously wrong.
Jeff
Adrian wants a black tribe leader.
Chip
Yeah.
Jeff
Like the elders appreciate you. Elders from the. The white tribe.
Chip
Chad, you know what it is? You know what that is? Of course he does.
Jeff
That is sweet. So we will be back Wednesday, 8pm Eastern Standard Time with more good things to talk about, more great topics, more great show in the chat because that's our show.
Chip
Two upcoming guests that are happening here.
Jeff
No, we do.
Chip
Who's number one? Yeah. We have panels coming on here, which is next Saturday. I believe we have Dirk coming from on. From. From Expector coming back on. That's gonna be great.
Jeff
That'd be awesome. Looking for the forward to both of those.
Chip
Yeah.
Jeff
Just be outstanding. Yes.
Chip
Tickets to RP Vegas. Like Vegas Nuggets. I just was in Vegas. I couldn't wait to leave. God almighty. It's the worst.
Jeff
Vegas, baby. Vegas.
Chip
I just. It was so funny. I saw it in the lobby of the Venetian, where this, where this event was held. And these two couples like ran to each other. Like, I always thought I was watching some video from like, you know, some tv, some commercial, and there one guy was running. Can you believe it? We're in Vegas, baby. We're in Sin City. And I was thinking to myself, God, dude, I'm here because I have to be here. Why would you choose to go there? I, I just, I went down at six in the morning, Jeff, to get some coffee. They don't have, they don't have coffee makers in the, in the rooms in Vegas they want you to go out, forage for.
Jeff
Did you find the Starbucks in the Venetian? I did, I told you downstairs I did.
Chip
I did find it, yeah. So I went down there and the tables are buzzing, people are crazy, it's loud. People are smoking. Cigarette in this hand, drinking this hand.
Jeff
Yep.
Chip
At 6am 6am it all night. Insane.
Jeff
Yeah, that's a one time I was there and the guy that I was traveling with at the conference, we met up. So it was like, I don't know, like 4:30 at. And we ended up meeting downstairs and we were gonna walk the strip and from. I forget where we're staying, but we're gonna go to New York, New York for breakfast. So we said, let's go over there, we'll get coffee early and we'll see everything on the way. So that's what we did. We got, we started walking like 4:30, 5:00 down the strip to get to New York, New York. And everyone's coming back from partying, you know, so people are still showing up, you know, all dressed up from wherever they were, you know, coming back at 5am Just like Tipsy drunk. But the strip was empty when you go outside, so you could basically walk anywhere. And it was very pleasant to not have to deal with any people, you know, for the most part.
Chip
That's what it is, my man. That's what it is.
Jeff
That's it.
Chip
Here we go. Chip voice. Ready? Here it is, Jeff and Chip. Oh, ready? It's coming. I'm gonna cue it. I'm gonna queue it right now. I'm queuing it. Here it is. Ready? I'm gonna play the, I'm gonna play the long outro this time. Why not? That's it, guys. We'll see you Wednesday night. Back here on Wednesday and when. That's all I have. Chip and Jeff.
Mark Carney
Oh, are you down with otc? Please, like subscribe and click the bell to be notified when the next video drops.
Jeff
Sa.
Podcast Summary: "XRP vs. BTC – Which One is the Real Chosen One? Trump Promotes Digital Assets"
Episode Release Date: March 24, 2025
Podcast: On The Chain - Blockchain and Cryptocurrency News + Opinion
Hosts: Jeff and Chip
In this episode of On The Chain, hosts Jeff and Chip delve deep into the evolving landscape of blockchain and cryptocurrency, with a particular focus on XRP and Bitcoin (BTC). The conversation is peppered with insightful analyses, community interactions, and a mix of political and social commentary, all centered around the dynamic interplay between digital assets and regulatory frameworks.
The episode prominently features a segment from former President Donald Trump's speech at the Digital Assets Summit. Delivered via video, Trump outlines a robust vision for the United States to lead in the crypto space.
Strategic Initiatives: Trump announces the creation of a strategic Bitcoin reserve and a US Digital Asset Stockpile, aiming to maximize federal holdings' value instead of diminishing them as perceived under the Biden administration.
Regulatory Shifts: He declares the end of the previous administration's "regulatory war on crypto and bitcoin," specifically halting Operation Choke Point 2.0—a move he describes as "lawfare through government weaponization."
Legislative Goals: Trump urges Congress to pass legislation establishing "simple common sense rules for stablecoins and market structure," fostering innovation and economic growth while promoting the dominance of the US dollar-backed stablecoins.
Notable Quote:
"Together we will make America the undisputed bitcoin superpower and the crypto capital of the world."
— Donald Trump [04:17]
Jeff and Chip commend the speech, emphasizing its significance in shifting the regulatory environment to favor crypto advancements.
The conversation transitions to insights from Brad Garlinghouse of Ripple, shared during the Blockworks conference.
Banking Sector's Role: Garlinghouse discusses the cautious yet optimistic stance of tier-one banks towards crypto, especially in custody solutions and the potential issuance of their own stablecoins.
Technological Advancements: He hints at the possibility of banks developing scalable and robust custody solutions, which could serve as entry points for broader crypto adoption.
Regulatory Tailwinds: Emphasizing the shift in the US's regulatory stance, Garlinghouse believes the industry is underestimating the positive momentum resulting from recent policy changes.
Notable Quote:
"We are underestimating the tailwinds from the shift of the last six months. The largest economy in the world has been quite hostile to our industry and is now moving the other direction quickly."
— Brad Garlinghouse [12:55]
Jeff reflects on Garlinghouse's remarks, highlighting the potential for renewed growth and stability in the crypto market.
David Schwartz, CEO of Ripple, shares his visionary outlook on the future of payments, drawing parallels to historical technological revolutions.
Cost and Efficiency: Schwartz posits that reducing the cost of transactions will revolutionize payment frequencies—from monthly to instantaneous and continuous streams of money.
Comparative Analysis: He compares the anticipated changes in payment systems to the evolution of email from traditional mail, emphasizing that unforeseen applications will emerge as technology advances.
Notable Quote:
"If the cost of payments go down to zero, the world is going to change."
— David Schwartz [18:35]
Chip underscores Schwartz's points, relating them to current payment systems like Zelle and ACH, and the broader implications for B2B and B2C transactions.
A significant portion of the episode is dedicated to community interactions, particularly around promoting and showcasing Yeti Keychains from the Bull Tribe.
Product Promotion: Jeff introduces a promotional segment encouraging listeners to participate in giveaways by typing specific keywords like "YETI" to win exclusive merch.
Customization and Design: The hosts marvel at the intricate designs of the keychains, which feature the On The Chain logo and various tribe-specific motifs (e.g., Black Tribe, Purple Tribe, Yowies, Chimps).
Notable Interaction:
"We're starting to see all sorts of badass Yetis here. Each tribe has its unique flair, and we're excited to see these symbols of our community flourishing."
— Chip [36:09]
Jeff and Chip discuss the potential for expanding the merchandise line, including future designs like the Green Tribe Yetis, enhancing community identity and engagement.
The hosts engage in robust discussions about contemporary political issues intertwining with the crypto space.
Transgender Policies in the Military: Addressing recent statements by Pete Hegseth, Jeff and Chip critique the government’s stance on transgender troops, highlighting the challenges and controversies surrounding their deployment.
Education System Reforms: Inspired by Trump's policies, they advocate for dismantling the Department of Education, emphasizing state-level control and accountability in teaching standards.
Notable Quote:
"If we can eliminate the administrative costs and middlemen, we can streamline payments and foster trust in B2B and B2C transactions."
— Jeff [25:29]
The discussion reflects a broader conservative viewpoint, promoting deregulation and decentralization as means to enhance efficiency and autonomy.
A substantial debate unfolds around the inefficiencies and shortcomings of the current education system.
Accountability and Standards: Jeff argues for higher standards for teachers, better salaries, and the ability to hold educators accountable for performance.
Curriculum Relevance: Both hosts lament the lack of practical education, such as finance and cryptocurrency, in school curricula, advocating for reforms that align with real-world skills.
Notable Quote:
"We need to hold teachers accountable, pay them more, and ensure they have the necessary education and experience to guide our children effectively."
— Jeff [54:29]
Chip echoes these sentiments, criticizing the relaxation of certification standards and the resultant decline in educational quality.
Florida's Fiscal Reforms: Jeff discusses Florida Governor Ron DeSantis's efforts to return federal funds, bypassing ideological constraints, and collaborating with figures like Elon Musk to streamline financial processes.
Mark Carney's Satirical Role as Canadian Prime Minister: A humorous take is presented on former Bank of England Governor Mark Carney assuming the role of Canada's Prime Minister, critiquing his policies and their impact on the nation's economy.
Notable Interaction:
"Justin Trudeau has pursued policies similar to Europe, causing Canada to lag behind economically. Mark Carney's leadership is baffling and illegitimate in this context."
— Chip [66:16]
Donald Trump [04:17]:
"Together we will make America the undisputed bitcoin superpower and the crypto capital of the world."
Brad Garlinghouse [12:55]:
"The largest economy in the world has been quite hostile to our industry and is now moving the other direction quickly."
David Schwartz [18:35]:
"If the cost of payments go down to zero, the world is going to change."
Pete Hegseth [42:42]:
"Since Judge Reyes is now a top military planner, she can report to Fort Benning at 0600 to instruct our Army Rangers on how to execute high-value target raids."
Jeff [25:29]:
"If we can eliminate the administrative costs and middlemen, we can streamline payments and foster trust in B2B and B2C transactions."
Jeff [54:29]:
"We need to hold teachers accountable, pay them more, and ensure they have the necessary education and experience to guide our children effectively."
The episode concludes with Jeff and Chip reflecting on the transformative potential of recent regulatory changes under Trump's administration, expressing optimism about the future of XRP and BTC. They emphasize the importance of community engagement through merchandise and anticipate significant growth in crypto adoption as legislative reforms solidify.
Upcoming Events:
Panels and Conferences: The hosts hint at upcoming panels featuring industry experts like Dirk and Expector, aiming to provide deeper insights into crypto advancements.
Merchandise Expansion: Plans to expand the Yeti keychain series, introducing new tribes and designs to bolster community identity.
Final Remarks:
"With the positive legislative shifts and the community's unwavering support, the crypto landscape is poised for unprecedented growth. Stay tuned for more insightful discussions next Wednesday at 8 PM Eastern Standard Time."
— Jeff and Chip [78:29]
This episode of On The Chain masterfully intertwines critical industry analysis with active community participation, all underpinned by a strong conservative ethos. Jeff and Chip effectively navigate complex topics, making the content accessible and engaging for both newcomers and seasoned veterans in the digital asset space.
For listeners seeking comprehensive coverage of blockchain advancements, regulatory developments, and community-driven initiatives, this episode serves as an invaluable resource, encapsulating the current state and future trajectory of the cryptocurrency ecosystem.