Live Stream with Jay, George and Special Guest Dee from Gpool

0:07 Good morning, Winners', happy Thursday to you, 2021 is...

0:07
Good morning, Winners', happy Thursday to you, 2021 is your year George, are you there?
0:16
I am good morning, J: How're you? doing the lovely, my brother. My brother, I'm doing so good.
0:23
Guys, we got a packed house today.
0:26
We also have very special guests coming with special information.
0:33
And so we're not going to take a long time introducing de or getting into things.
0:38
I do have a couple quick announcements while law, George kinda sets things up with the in the background.
0:47
The first thing I want to tell you guys is this, Hmm, if you're new here, if you're new here, this may be the first time you've heard this. If you've been here for three years, you've been hearing this for a long time, So I don't want any bellyaching from any new people.
1:04
This is something George and I have had planned for quite some time.
1:08
We are transitioning, probably in April, probably in April.
1:15
Maybe, maybe not till May, but probably in April, to our own patriotic channel that George has built.
1:23
You guys have seen it in the past, you might put it on the board, I don't know.
1:27
But you guys have already seen it.
1:30
Um, we're going to be transitioning there Very soon, we are going to also transition with all paid members.
1:37
We're going to transition there for testing where we will, we will post everything in patron on and post everything on the new site.
1:45
Or maybe almost everything, maybe not everything.
1:48
So that's going to be coming, and what, what I want to remind you of is I have waited to do this.
1:55
And I've waited almost a year now to do this, when I really wanted to be off on my own platform long before now.
2:04
But I've waited for you guys. Because, in our new platform, we will not accept dollars.
2:11
You'll need to pay by the quarter, You'll need to pay by the six months, or by the year, whichever you decide. We have a whole ton of people that want to pay by the year, and so that's why we've opened that up. I wasn't originally going to do that, because I told George, I didn't know if I wanted to commit for a whole year.
2:27
But I am going to commit for a whole year, for those that want to do that. And you can also do quarterly. And you can do six months. There'll be three different price points based on that. We do have two.
2:38
pay somebody, We already have that somebody in training now, we have to pay somebody to handle all the manual payments, But, I just want by way of announcements, to let you know this is coming.
2:51
It is coming.
2:53
So, when that time comes and we transition, it will be crypto only going forward.
2:59
And you guys, also, for those of you that are new, when I started this patria on, it was by the request of over 100 people, that we're e-mailing, going, hey, man, you gotta do a room, you gotta do something, you can't just disappear.
3:12
And it's morphed into something way bigger than that today.
3:15
And, at the same time, during the last 3.5 years, we all got pretty close during a bear market.
3:22
We held it together, Nobodies sold off all their Kryptos, and today, we have many, many, many, many, many multi-millionaires, including the two that run this live stream.
3:34
And so, it's, it's getting, it's getting really good again.
3:38
And I told you guys in the bear market that the moment we went into the bull market, we would reach a point pretty quickly where almost every bad memory you had of the bear market would just dissipate.
3:49
And I'm seeing that now from people people are like, woo, woo woo, what bear market, what are you talking about? So And so that's exciting to, see, that's how it should be.
3:59
But you should have a transition of your thoughts and your feelings and your emotions when you see the market, do, what the market's doing.
4:06
So, anyway, do know we are transitioning another transition. You may not be aware of. If you're new, I know it doesn't feel like this right now. But, when I started this, I was five days a week. I posted Monday, Tuesday, Wednesday, Thursday, Friday.
4:20
The second year, I went down to four days, the third year. I went down to three days, that's the year we're in now, which ends in July.
4:29
Now, in a bull market, I've got a lot to say. So sometimes, I'll post three times in a day.
4:36
For next year, just know, if you're paying for that upfront, I am going to be committed to two days a week.
4:44
By the way, what comes next is me disappearing.
4:48
And there's a newsletter, and maybe, you know, We'll get, we'll get there when we get there.
4:53
But, the point is, is that I told everybody I would stay with you through the end of the bull market, I really think the bull market lasts until the end of 2022.
5:03
By the time we're done, I will have said every word in my head that I know about trading, investing, the psychology, and probably a bunch of new stuff that I've learned along the way.
5:15
So, the information will be there.
5:18
I will still be doing a newsletter, I will still be probably doing a live stream or two a month with George, the everyday. Everyday, Everyday Teaching.
5:29
We'll be gone and we will be on our own platforms.
5:32
We will not be reliant on YouTube. We will not be reliant on patron on or Twitter or anything else.
5:39
We have kept this fairly small on purpose.
5:43
I told you guys, I really only want it to be able to help a maximum of about 2 to 3000 people.
5:49
We're on our way to that number now.
5:52
And obviously, I knew that would come as soon as the bull market cranked up, All of a sudden we started seeing 40, 50 people a day show up.
6:00
And so, you know, obviously just like now, everybody wants to buy Bitcoin now that it's already gone up too 50, $59,000. Now, we want to Babak point.
6:11
We couldn't get them to even look at Bitcoin when bitcoin was 4000.
6:15
They'll step on your face just to save $100 on an x-box at Best Buy on Black Friday, but to get them to try and buy Bitcoin on sale, forget it, it's not happening.
6:26
So, now that Bitcoin has gone to 60,000, everybody wants it, and it's called human nature, called human nature.
6:33
So anyway, that's just a couple of announcements that I had. George, should I leave anything out there?
6:38
Well, you know, maybe we'll move our platform to seda, but that, that's often the future, I just, I just wanted to throw that Hey! I like it.
6:47
Yeah, I think we have ...
6:50
are you here can, yeah. Can you hear me?
6:54
I can welcome.
6:57
Thank you.
6:58
Do you thank you so much for coming back. I just want to throw that in before you and George get going.
7:02
I'm going to step out of the way here because this is giorgia's expertise, not mine and I'm so glad he's my partner but thank you again so much for not only serve in the entire theta community but also come in here and talk with our group probably like this. It means a lot to us.
7:18
Yeah, it really does. D, I appreciate you doing that. Because I know in the beginning, you were like, yeah, I don't know if I want to really come on and talk about these things because I don't want people to know who I am and that's the way we will. I will keep it but you know, with with three point out with theta three point out coming out and I guess there's a countdown clock, I should have got that up to George Ty here. Who D is by the way? Just because there's a lot of people that weren't here the first time Tell everybody, you know? I will let D share what he wants to share but Di and I were.
7:57
Gene pool. D&I were introduced each other when I was doing the Beta of the Theta of T fuel, that type of thing, The Guardian Node Beta Program and that's where we initially met and then we, know, became friends because we're talking to each other. And then I was, I was going to set up my own Guardian node, and he was like, Hey, you know, Well, I'm kind of setting up 1, 2. I'm like, oh, I'd love to know more information. And then he shared what G pool was all about and I was like, I'm done. I'm not set mine up, I'm not going to worry about it. They have multiple servers around the world. I know how much time it takes to keep things going. I know that I wasn't 100%.
8:41
So why should I do it? Because I can join G pool. I can join their patria group and pay you a little bit every month and not have to worry about it. Especially when your Internet connection goes down. You go on vacation or you move out of state, and it goes off for a week, and you can't figure out why it's gone down.
9:01
So that's why I really loved ..., and I think D is going to have some good news to share about G pool too, So D, if you want to just You know, come on and tell a little bit about yourself, that would be great.
9:17
Sure, sure. First. Yeah. Thank you guys so much for giving me this forum for this question and answer ability here. It's, it's really great for the community to be able to have a recorded question and answer. I feel like, you know, not just on G equal but some of these heavier topics with Theta and, you know, my, my understanding of them, some of them are yet to, there you go with the clock with theta three point of main net launch in here, so, yeah.
9:55
Yeah, with G Pool, we wanted to make sure that the community, um, as a whole, had access to Staking in helping participate in the network. And that's really where the inspiration from G Pool came.
10:13
Knowing that there was going to be some people that don't have a computer, maybe even they're not complete computer savvy, but, you know, they're really just and thrilled with, potentially where data goes in, you know, a large host of different situations that we've seen migrate over to our site. And it's really great to get everyone's e-mails and Idaho that we're going to start growing here, and it's, you know, I'll probably have some staff to answer these e-mails, So it's, it's just really great that I still have the hands-on to hear each individual e-mail as they come in. Oh. Well, that could get somewhat overwhelming at times. It's still great to hear, you know, all of the individual case by case is. Because I hope I just never lose that when it's more just some numbers on the screen, and, you know, I don't know that I will ever lose that. I'm still here in crypto working. Well, harder.
11:14
You know, I guess, mentally than I ever have, you know, how long have you been in crypto D? And as far as that goes, if you pretty much always been on the development side, so you're a developer.
11:26
Yeah.
11:27
Well, you know, well, I mean, I guess the first couple months it was more exploratory, you know, really grasping what it was back in.
11:38
I got in around 20 12 M, to be honest with you, I still think it's funny when I look back and think about, like, the things I was Googling to try to figure out what the heck this was all really trying to say. It took good, at least weekly can have for me to fully digest everything.
12:00
But, I'll never forget, I guess the pain in an example, what YouTube for crypto looked like back then? It was, you know, the demo video of mining, Bitcoin, and such. And I finally found a video of a gentlemen explaining what mining was, we know who's still like not even a general basic knowledge of what mining was on the Internet.
12:28
You know, and that's, that's where it's like you start thinking How far it's come, where, Know, some of these terms are now becoming base knowledge, and I think that's like a big thing that I try to explain to some of these.
12:40
Individuals that come to me an e-mail to, is no, it's, it's really, this is the first time, and I don't know if I had said this in the first interview, but. this is the.
12:54
This is the first time that we're seeing, like.
13:00
average. people.
13:02
Wanted to know really technical answers about a new technology that we're all building and we, it's really thrilling to see, I don't know that there's ever even puts the internet. I don't think a lot of the average people really grasp what it was going to even turn into an ugly got that as an example. There's a lot of people really curious about some of the technical, heavily heavy questions. And I hope that they don't get discouraged, You know, because I know how big this space is. And I know how fast it's growing, And I know sometimes, it could probably feel like you're so far behind.
13:42
You know, You're just, you know, it's It could probably be overwhelming for some people. But it's overwhelming for me, at this point, to keep up with this.
13:53
Yeah, I was going to say D, like, I feel overwhelmed, and I do this all the time. And so, you know, new people coming in, they, you will feel overwhelmed, And it's OK, because, you know, everybody does until you kinda get a grasp of what's going on, I mean that that was back in the day when when mining was done with the CPU. Correct.
14:16
Yeah, yeah. And that's not quite as plentiful, But Yeah, yeah, it was it was starting to transition. But yeah. Yeah, that was, that was some wild, wild days, I'll be honest with you.
14:28
The, you know, looking at your phone and seeing some big, monumental thing that happened in crypto back then and then looking up at people as they walked by going, holy smokes, these people, they didn't even know that that just happened. Like, oh my God, this is huge. Like, you know, and then now we're getting into that where people are starting to peek into that window. You know, and it's, it's really, it's really exciting.
14:56
Yeah. It is. And, it's exciting to have people come into the space, because it's interesting, The first interview, we did, and I'll link it where this is posted. They, they have seen it on YouTube because we decided to post it there, and I'll get e-mails like, hey, I need a little bit of help genome about this and about that, and, and these are people that really don't know that much, but they, you know that they really want to and they're eager to learn about it.
15:29
And it's really exciting to see that because it's, you know, the other side of it, where people like, I don't care about it. That's most my neighbors around me. They think I'm crazy, like, what is this crypto stuff?
15:39
But they're coming around, because they're seeing that, it's being talked about in mainstream now, as compared to just being, you know, a crazy person mmm hmm.
15:51
Yeah, I laugh, I laugh because I, you know, I've got, you know, I've got a strong following around me.
16:00
Obviously family or friends family and so forth and then every once in a while, you know Parents friend or some have you, you know, that'll come around and you know, Give me a bit of like you know concern. Or pause or you know what what what their concerns are Pause Should I say R and yeah, gosh, I think it was 2000 maybe a team one of My mother's card ladies.
16:28
I know stopped over for something then. She was she was saying that she had heard the news, that the stay away and I can't remember what the dynamics work, But I'll be honest with you. I started laughing, and it was a rude way. And I didn't even realize, you don't get me saying like, I didn't realize until I came to grips because it was like, it was a very funny statement to me and not for anything. And then I had to explain myself for laughing.
16:56
And it was, and it, this is where it actually turns.
17:00
Pretty funny, if you asked me it's because I said, I said, well, I sort of have to explain to you that sort of relate to me.
17:07
You saying the words, the Super Bowl won't happen this year. And now in retrospect I see with all of everything that's gone on and I was like holy smokes, Super Bowl might not have happened this year and crypto actually was taking off like like I just I had to reflect back on that moment. And I was like, oh my gosh.
17:27
This is my moment where crypto actually becomes more provable then the Super Bowl, like, anyway.
17:33
So So yeah, I thought that was funny this year when I was looking at the Super Bowl going, oh my gosh, It almost didn't happen. Yeah, yeah, so, but yeah, so um, I guess, you know that's you know just sort of piggyback on you know you guys is your opener. It is great to mentally prepare for.
17:54
Longer term, you know, I think we're all here understanding now that this is here, it's a force, It will be here for many, many millennia to come in some way, shape, or form, obviously, with quantum computing that's going to change a little bit, but it'll, it'll be here, and I think that that's one of the more powerful things to think about, is some of those, 10, 15 year strategies, and we're going there.
18:26
Now mind you, sometimes when I talk in that fashion, I want to make sure that people will understand that. It is really just hypothesis. You know, it's trying to predict trying to predict tick tock back in 19 90 like it There that goes Back to the base and building the bases.
18:46
There's there's so many base is still to be built for a lot of this stuff to exist in terminology that we don't even have yet in our dialog. So with that being said, the vision and the direction and the momentum is still all going to be there so it's it's easier to to try and connect some of the dots backwards from there.
19:09
Yeah, so with that being said though, when I look at theta and I mean you can do this with most of the, you know, coins that will be there, I think about it and to me, I really see it as, and, you know, the words might be, no, oh, maybe over dramatic, but the freedom of speech, quoi, basically. Yeah. And I, and I hate to try to just narrow it down into that group, because it's actually going to be even bigger than that. If you can imagine that, something is bigger than the freedom of speech when it comes to know.
19:53
Something protocol.
19:55
But, you know, when you start talking about no, three coming and the staking of Guardian Nodes, and we'll get to all of that, It's really easy to start connecting dots that this cancel culture, you know, a lot of censoring and so on and so forth.
20:15
Yeah, we won't be really in our verbiage hopefully soon enough.
20:20
Yeah, 'cause it because it's, it's very evident today, it's not being hidden.
20:25
And that is one reason why we're moving off Patria on, because we've had others kind of similar in our space that if they don't like what you have to say, or they don't like your views, or if they don't like that, you're in crypto.
20:39
They'll close you down, because there, you probably have examples, you know, two years ago, where if you were in crypto, you were looked at as a terrorist or you're dealing drugs, because, you know, Bitcoin is all about, you know, The Silk Road, which I think the movie's coming out, I said about Silk Road and it's anything but and so yeah.
21:01
Yeah so that's that's where we were headed and let's let's talk a little bit about Theta. May Net three. If you can kind of share that and then we'll go back to ... of your site.
21:13
Sure, yeah.
21:14
Well, you know, I guess probably, Where we should start, before we get into all of that real quick is, is that, I don't know if a lot of people would see in the article that was just the article that was just published last night about the rewards. And I'm changing a little bit here in six days.
21:42
Now, I have noticed that on Medium.
21:44
Yeah, if you want to send Yes, go. Yeah, you'd like the link, OK, sure, here we go. Yeah.
21:53
OK, sounds like we're gonna get more money. This is great.
21:58
Ultimately, ultimately, yes, this part of what I was going to explain is just sort of how the schedule is going to change a bit here.
22:09
So, um, how it's been working is, is every 10 minutes. Everybody that stakes gets a small sliver of a reward.
22:21
With all of the stakeholders, the gene pool, guardian nodes and validators that they've been churning on, that reward block is gotten really, um, really heavy because every 10 minutes there's thousands of people getting paid and it's great. And they want to thank staff.
22:45
So to do that, they need to make sure that that block that's heavy, isn't a, sort of a sticking point, to say.
22:56
So what they've done is, they've randomized, who gets a reward, every reward block, where, so every 10 minutes, well, it's every 100 blocks. So it could be about 12 minutes.
23:07
That's the one thing, maybe two, is also explained that the blocks are aren't there was watches, that we want them to be, like, a set clock, and maybe one day, who knows. They will be, like, you know, you'd be able to boil an egg to them.
23:24
It's a, it's an, it's a guesstimate of when it will happen, you know, theta is, you know, five to NaN. You know, averaging about six, sometimes you can get to NaN.
23:36
And really, it just has to do when the validator nodes reach consensus on that next block. So I won't get it too deep in the weeds, but just know that block times can vary, and that's completely fine.
23:49
So, every 100 blocks are about, let's say, every 12 minutes.
23:55
There were ever, there was everybody on the, the Blockchain that was, that was taking Getting Rewards.
24:02
Now, it'll be, as they state, 2 to 300 stickers randomly, and it's weighted, meaning when something's weighted, it means it takes into consideration how much you have state.
24:16
So what they decided to do was wait this, meaning if you contribute more stake to the network, you won't have to wait quite as many random blocks to get a reward. Not saying that they feel like you're going to shut your computer off right away, or or what have you.
24:33
It's just, they, they have the math and the ability to sort, the randomness is crazy is sorting randomness means or sounds, but they have the ability to do such. So they did it in an organized fashion, which I think is really great. There could be arguments placed on both sides, but needless to say, as the state.
24:56
You're looking like, if you have over 100,000 data stake, you get rewards, you know, about every 2 to 3 hours.
25:04
So that does not mean that you're going to lose any rewards.
25:09
What that means is you're gonna get bigger, bigger rewards, less frequently.
25:16
So instead of small, little rewards, more frequently, you're gonna get bigger rewards less frequently. So you might get paid maybe twice a day, but it's going to equal the same amount that you are getting paid. Now if it is going to be once, every day, or once every other day, then it's probably best that we zoom out. And look at your weekly, you know. So let's look at their weeklies, you know, and start getting ready for that. It's about six days from now. I don't know that a lot of people are gonna are gonna notice the difference. They might, you know, they might notice a difference if you're really religious about staring at G pools number, because that's really where, you know, you probably see at the most, but just know that nothing happened. If you don't get a rewards for, you know, X amount, it's going to be.
26:06
That's gonna be interesting to explain an e-mail form to try to get a, uh, a response ready for that. Because there's sort of a mystery in the air when you go to send it out of, you know, before I could show everybody, every 10 minutes. Look, You're getting rewards.
26:24
But if somebody says they're new and they're not getting rewards yet, that's we're figuring that we're figuring that's disconcert. Now, the question is, you know, when you would get rewards before and you may not know the answer. It doesn't really show up in your wallet. And that was there's a couple things that are kind of clunky that I find with Theta. And every time you know, I have a platform and I'd like to voice my opinion. And the challenges that I'd like to see, and one of them is you know that you don't see it in your wallet. And so if people aren't looking for that little change, they look in their wallet, and like I'm not getting anything, and you just, you know, told me to stake. The number one. I didn't tell you, I showed you a video. And and so it doesn't fall in there. It would be great to see it in the wallet now if it's going to be less frequent.
27:09
Yeah, well, that's a request that we put out quite some time ago, and I'm not saying that the, they've said no or anything. It's just with apps and, you know, the approval process and so on and so forth, They want to make sure that all the same and they have the functionality. So the web wallet while it is a little easier for them to add a toggle switch, is basically all we need. I'm not saying I love. It defaults to showing rewards in the new being able to shut it off.
27:40
But from what we've seen on the Blockchain, when they added the toggle switch to show, you could filter out basically the reward transactions because it didn't show by default on the web browser, or I'm sorry on the block explorer.
27:54
So, Um, I think that what we're going to see is we're going to see the default view still stick with not showing rewards. And then, it might toggle that you might be able unfiltered that or to stop the filter and then see them.
28:11
Now, the thing is, is within being less. I'd like that, maybe to be the default view. Before, you were getting close to 144 of them a day in A transaction can get lost and cluttered really very, quite easily. But now, you might be only getting a few a day.
28:27
So, you know, I'd like to see maybe if that is the default bupa will.
28:34
We'll see, You know, needless to say, it's going to be great to be able to see those in the wallet because it is re-assuring when you see a transaction, viewable. And you know, it is very cumbersome for need people to be able to go to the block explorer. And, you know, we're all hearing that And we know that and theta knows that as well, for sure.
28:54
Make sure that you guys know that they, you know, they, they're very quite good in, in the back channels.
29:03
So, yeah, that, that should be something that, you know, there.
29:08
There's little, you know, little things that I see two, you know, and that to me makes me feel good because I know how early I am If there's still these little things, right? You know, if you get on something and it's already polished up and everything like that, I mean not saying that there can't be things like that. But I'm just saying there's, this is a huge undertaking and you're going to be a lot of things to build out, and it's just great to see that we're still here, when we don't even have the search feature in the world, yet, you know. So exactly, and you know one thing that I think it's interesting, when I talk to people, and they're looking at that, and they're saying it comes in as Coinbase. Oh Yeah, people are like that's coming from Coinbase. I'm like OK, let's back up and look at history. Coinbase was a like a core component. And then Coinbase the company took that term or that word and and created a company around that. So It's like the Coinbase that's in that wallet was before Coinbase the company. So it just people know that It's not coming from Coinbase the company.
30:12
It's it's coming from just the core wallet technology what are those. one of those things where you can see where they can use that very easily. Where someone can confuse that very easily you know.
30:25
Yeah. And one other thing that, I would love to see them change.
30:30
because so many people have this question because it's, it's kind of, you know across the board on, on some of the blockchains is that, Because you know, I'm a ledger guy. and you've thrown 1 or 2 people in my way? Like, hey, could you help this guy because he's kind of confused on ledger?
30:48
Is that when you tell someone to, you know, to store it on your ledger and they say, well, OK, I'm gonna go to the ledger live and I'm going to download the theta app and then I have to say, well, actually, this goes against everything that I say but you can't have the ledger app because number one, there's not one. But you use the Ethereum app to store your coins using a ledger on the, on the Wallet. And their issue is, well, then it's an ERC 20. And I'm like, Well, actually, it's not. Even though, yeah. So, that the confusion is pretty great. And I think I heard you drop another.
31:29
Yeah, yeah.
31:29
Why don't we pull that up, and then go, because that's the roadmap, and on it.
31:35
It actually is the, the solution that I think, that you're driving towards a scroll down just a little bit more. There you go into quarter two, there you go, so.
31:48
There we go, OK, Yep.
31:49
Yeah, OK, good, good, good, good.
31:52
Yeah, So, you know, um, with, with that, and then as you can see up, there's going to be that one click delegation That's in the first grouping. That is actually going to be, so the third one down in the. yeah, there you go.
32:06
Quarter one. So that's going to be nice too and very helpful. Appreciative to the team to do that. Basically, it's gonna sort of help take all these guides and steps out of the equation for us.
32:23
It's just gonna be great, The community I think is gonna really benefit from this.
32:27
And, you know, I hope that at some point, there's a huge list of pools. To be honesty at all, it really excites me and a lot of the things that I lobby for that, I think of how it could happen and trying to forge.
32:41
That path forward is with the mindset of how is this going to help benefit larger numbers of pools. Because, you know, I've been here a long time, and you know, G pool is is amazing and it's great to see everything.
33:00
And I've seen how good it can be when there's no good scattering a good helpful amount of services out there, you know.
33:14
And just gonna centralize decent sure. It's an absolute lots. I guess that's, that's a good thing to really quickly touch on because we use the word centralized, too.
33:25
Because with pooling, it can, it can get a little, you know, it can look a little top heavy when you look at G pool and how much we have spoke to us, too. Yeah.
33:35
And I think that, you know, a real quick, you know, overview, maybe even for some people that have been in theta for awhile, but don't even actually know what, you know, the validator and guardians.
33:47
Because, you know, it's really quick to explain some of the validators.
33:52
They sit there and they make the blocks and they produce the blocks and they do it really, really fast because there's only a few of them and they can all talk together.
34:00
Well, that's, that's, that's, that's sort of, you know, a federated system.
34:06
And what Theta said was, that's great for efficiency. And that's great for throughput, how many transactions you can get, you know, in a second.
34:14
But it's semi centralized for the validators sought.
34:19
They created this whole second layer of us guardian's.
34:23
And basically, how it ended up how it ended up actually coming together is, is that validator nodes submit the blocks, and they validate the blocks And then the guardian notes come in, and we co-signed what they have done.
34:40
So we're, like, a, checks and balances to make sure that the validators are indeed, producing valid blocks. Yeah, no.
34:53
I won't get into all what, you know, invalid blocks would look like, but needless to say, what a guardian goods' is, We get a vote, right? We vote yes or no. That was a good transaction, that wasn't a good transaction. And on the blockchain, you can see the votes, and so on, and so forth. And soon.
35:14
I would expect, once, you know, exchanges, and so on, and so forth, that people, you know, taking payments, wallets, start understanding, you might even be able to see, you know, how many, you know, how this has been called signed? and the guardian's Interactions and so forth. Because a lot of people, right now we can just steer and see the blocks are just coming at us and Soon there'll be a lot more detailed information about what's in those blocks and so on.
35:42
But, anyhow, I just wanted to explain, each Guardian gets a vote, no matter how much stake they have.
35:51
No, no matter how much weight they have, we get a vote. And our vote is just the same as another vote, basically.
35:59
So, We can have a large amount of people sticking with us and we still get our vote.
36:08
OK, so, I just wanted to make sure that people understood that the second layer is what's so unique about Theta and why it really does help.
36:19
Dee said It helped decentralized thing so much, so that calls are really centralizing anything, OK, well, and, and, you know, and this may be, like, it, like, we're talking, really, maybe, over the majority of people's heads on, on this search. For sure, for sure. Yeah. We'll kinda come back now, with three play now, being released.
36:44
Let's see, I lost my Where. What do you think? Like if you were if we were in the Empire State Building, and we could go from the top to the bottom in that time period, What do you think people need to know about Theta three main, that release?
37:02
Alright.
37:02
You know, I think there's a imagery that said, yes, I have those and I can pull them over OK, yeah, fleets probably take a look at the one that's more of like a diagram versus the cluster first, OK.
37:19
Yeah, there we go. The first one, OK. There you go.
37:24
This one All right, yes, Salt, um, here's the, the, the, the, the premise, OK, of three point all.
37:33
So, we had streaming, we have a model where streaming revenue gets paid and relayed. And I don't want to go too deep into all of that base knowledge that a lot of people already have.
37:49
What we ended up with was, we see that The Edge network is sitting there, and it's waiting to relay huge amounts of streams, and peer-to-peer data gain patches, software updates, a whole slew of things. And it's, and it's ready to go, it's sitting there waiting.
38:15
Now, the thing about that is, there wasn't really that incentive yet to run them all.
38:25
There's people, like, you know, me and some enthusiasm about technology and such that we'll throw good, heavy resources that are somewhat costly at the edge network just because we don't know. That's our hobby, and we use or have the money to to help the network is you know? Silly as it sounds some.
38:45
of us, that is our hobby, and that's what we use the budget so As great as that is What ended up happening is is that we're seeing they're saying OK, it's sort of a catch 22.
38:58
build it, you know, so they can test it, and they can come and help you know, and start streaming bigger streaming platforms. Um, you know, the YouTube's and so on.
39:10
But at the same time, how are they able to test it if there's not a bunch of us sitting there just waiting and testing and so on and so forth? You know?
39:18
So, with Theta, you know, came up with and I'm not saying that this was done purely for that. I'm just using it as an example that, you know, I have no knowledge of who's testing and what's what they're waiting and how far along their testing is. They could be ready to launch tomorrow for all. I know. I guess I'm using it more as an example.
39:39
So, OK, we, we had edge nodes that needed to get paid so that it incentivized resource, no bigger resources on the network and, and people to get paid for there, bandwidth that it was using to even test assault.
40:00
Um, what they ended up doing was doing a base salary in three point goal.
40:08
So, basically, what you now have is, you have all of the edge nodes that are going to be getting a base salary, no matter what, With the caveat that you do have to steak T fuel to get that base salary.
40:25
When you say any amount of T fuel, or is it now, right now, there's a minimum of 10000.
40:34
I hope that that gets Lord.
40:38
I really have to see what the threat matrix, or the attack vector would be, of having the, the 10000 minimum. I'm I'm not, I guess, fully seeing why we have the minimum, but the maximum. I can see, so the maximum, you know, will be 500,000 is what there is, what their look to be testing and potentially launching with.
41:06
So right now, the parameters that we're seeing in the code, and I'm assuming, once we get this testnet here, and we'll be able to test a few more things.
41:17
we're seeing is, we're seeing a minimum of 10000, a maximum of 500,000, and then an inflation rate reward rate of 4%.
41:30
So theta gets 5% inflation rate, and TCL gets 4%. And we'll get into that a little bit later. But, anyways, I guess I wanted to just make sure that people knew that that 4% is still a potential.
41:45
And the minimum is. Still a potential. I'd hope and the maximum I think is probably pretty good.
41:49
There and the Maximum just what that means is we don't want just one big node sitting there.
41:57
We want to make sure that that big node even G pool has many, many servers and many, many different hardware running this robust network. That is what theta needs no, yeah, you know and strives for.
42:15
So What we have here is we have the edge nodes. Once you stake an edge node, it becomes an elite edge node and you'll see there the elite edge node.
42:31
So the inflation of 2 to 4 right next to it, the two there, you know, 2 to 4. Like I said, it's still experimental and four looks good.
42:41
So with that being said, now what you'll do is you'll stake your tea fuel, it upgrades to an elite edge node and it gets a base salary.
42:54
So basically you'll be able to take your theta and stake, your T fuel, um G pool, obviously we have our helping hand and all that as well.
43:06
But that's the basic premise now. If they do lower that 10000 which will be great if they are able to jes get has had way more into the you know the the attack vectors and so on and so forth and I do right now.
43:23
So if they're able to lower, what that will do is, you know because if it's still 10000 that could get sort of to where you know how theta is one thousand right now.
43:36
And if you end up wanting to add to your steak it you have to unstick.
43:43
So in Theta you're getting paid in T fuel and yes, you can take that she'd fueled by more theta and then stick more thing.
43:52
But with theta there is no inflation rate on theta so theta you don't have to quote unquote catch the inflation rate, you know. So, if you own 1% of theta rate today, you'll always own 1% of theta going into the future with T fuel. If you own 1%, you potentially could end up holding a little less than 1%.
44:15
So, it's imperative to be able to restate your T fuel to keep up with the network. Now, we'll get into that, potentially, a little bit later on, where, what data's gonna do to mitigate inflation, meaning both coins, potentially will hold the same supply that they have. And that comes from the burning mechanism.
44:36
So, there might not even be A having to keep up with inflation on either court. Which is just amazing. A dual coin system with potential no realized inflation.
44:51
Yeah, you know, that, that that's really monumental.
44:53
But, anyhow, so, not to get too deep into the weeds, but people soon enough will be able to stake their chief fuel.
45:03
And, as a result in staking your T fuel, there will be a computer that is now available to the network with a base salary. To Pay. Electrical and hardware costs.
45:16
So, with, with Gene Pool, what we're doing here is, is, is that we're going to let you, we're going to let you guys come and use a computer or over with us.
45:31
So, basically, what's going to end up happening is You're going to come on, and You're going to. oh, great! Yeah, there you go. So, there we go.
45:42
Yeah, so, OK, so, so, What you're staring at here is It could probably look a little overwhelming For different levels, and so on and so forth. But really all this is saying is Just how much that edge node that you're gonna end up having us put up on the internet for you?
46:02
How much that is going to help the network? And that's all it really. is The first the first one the gold I don't know that we really offer too many goals.
46:14
We might end up having a situation where we just spun up a bunch of them, and their gold, temporarily, and then transfer over to play. So what Gold means, Gold just means you're just taking the base salary. You just have your he feels staked, and you're just taking that base.
46:34
What the Platinum transfers over to is that your node now turns on the capability to relay stream, just like theta needs, right? To relay all this data.
46:47
So the Platinum is really where you'll be your beneficial to the network.
46:56
You're getting your base salary.
46:58
Now, to keep in mind, every, every node on this chart, gets the base salary, and you can actually, if you have a large amount of hardware out there, you could actually become a diamond yourself and run that, these, all, all four, or, I'm sorry, all five of these, correlate to the actual edge node themselves. So, OK, And how do you, how do you go from a goal to a Platinum to an Emerald Sapphire to a diamond? How how do you get into one of these silos?
47:33
OK, so, what you're going to do, what you're going to you soon enough, you're going to be angry people, and you can say, OK, time for me to stake my team fuel.
47:40
You're going to click over the section for Staking T fuel and what you're going to see is, you're going to see a lot of edge nodes, tiles like these, all sitting there.
47:51
Ready for you to be able to stick to, OK? And they're gonna all have how much they're able to take on, and you might even get into a couple of them, because you might have more than 500,000, and you're, You're there, and you're looking at what's available.
48:10
So, basically, we're going to have computers all running behind these little tiles, and you're going to be able to join that computer and stake to that one.
48:21
And basically, um, as it fills up, once it hits 500,000, it's no longer on the list And it just disappears into the background.
48:32
Intel, somebody inlet edge node withdraws are unstable and now there's opening on that edge node again.
48:42
So, basically, you'll go in and you're gonna see them and you're gonna say, OK, oh wow, there's a Diamond availed. Oh, there's a Platinum available.
48:51
Now, the platinum's, they're going to be what we offer at the very beginning.
48:57
We'll slowly walk into the jammed edge nodes. So, basically, what you'll end up doing is you'll be staking in.
49:06
Um, Public Edge Networks.
49:09
Now, we are working on a potential model for private edge nodes where you don't want to have to worry about when you unstick.
49:20
Having to then go find another one stake back into.
49:25
And, you'll have that you'll have a nice little private section for you to manage yours into, have edge nodes sitting there to where, if you say, well, I'm going to unstick this for a couple of days and then just restate it. It won't be that big of an issue because it won't just vanish on you.
49:46
So we're trying to make sure that we don't get offer.
49:51
We, we don't give too many options and clutter it up too much, but at the same time, we want to make sure that we do have those optimized, no avenues for everyone.
50:02
So show mm.
50:03
So let's go into the Emerald, and Sapphire and Diamond. Or did you have any questions aren't real quick so that. So, OK for that. You're taking a 3% commission. And the 4% on this.
50:16
So, I was gonna ask, you know, like because right now when you go to G pool, there's no way for you to recoup anything on the Guardian note except for people donating to your Patreon Group, correct? So. This is one way that you are going to help yourself. keep this going. Instead of having somebody go, you know go out and spend you know A grand or something on a computer to sit in their home. You Can kind of rent some space three you guys and Just pay something out of what you're getting paid so you're not having to take out lay in a cache or outlay any coin It's just going to be taken from. what is being?
50:58
Earned, correct?
51:00
Sure, sure, so basically how the Commission's going to look is that let's say that you know we're working with potentially the 4% Let's say that you are going to get 100 chief you.
51:14
So now what ends up happening is is that, you know, you get 96 T fuel, and we get 40 fuel and that happened was rate when the rewards are distributed from the blockchain.
51:26
So if we all remember that G Pool does not pay anything, that's all done on the Blockchain between your Wallet and the Blockchain, All you're doing is at G Pool is fulfilling one of the other required first requirement is that you have data or T fuel.
51:43
The other requirement is that you have a node, either a guardian node or an edge node, depending on which one you're staging and basically G Pool says here, Users.
51:55
So you G pool is just fulfilling, the second requirement to allow you to stake your Theta, the first one is on you.
52:03
You have your theta or your T fueling, your wallet and we, we, we sort of marry together onto the blockchain and the blockchain says, OK. You have your theta and OK. I see you have a note and that's all that's happening in. G now, the website, wallets, it's great.
52:20
I want to make sure that everyone knows that there could be a website that pops up and shows every single thing that our gene pool site shows. They could look identical to us, and we have not shared any information with anybody, because it's all public information that we're showing. We're just showing it in a more digestible form on Gene Pool.
52:42
So you know, if G Pool, if you go to click on Drupal, we're doing an update on the website, just no, that that website holds. no funds, does not pay you. It's just a nice way to look at things that are actually already happening. And it's a historical look back. It's not of events to come. It's a events that have already happened, is what you're looking at. G Pool.
53:08
It really just, is just an easier way to digest everything. So, so, yes.
53:14
So, so with the Guard or with the, with the edge nodes, what we're going to have here is, as you see, the commissions do, go up.
53:23
And that's because, as the Edge node, gets higher into the Emerald Sapphire and Diamond. It requires more hardware on our end, and to be honest with you.
53:39
So what we're really excited about with being able to get the Commission is being able to build a hugely robust network or theta, So basically, what we're doing is we're taking our commission and some of our investments.
53:57
And we're going to start building out GPU heavy edge nodes.
54:05
So I guess to do a little quick little thing on that, what would you see if you go over to the ghoul roadmap at roadmap, but oh, yeah, Yeah. Yeah. Well, yeah. Let's go to the roadmap real quick.
54:24
Let's see.
54:26
This one, or the next.
54:29
The roadmap.
54:30
Yeah.
54:32
I think that's the middle over there.
54:35
I have too many barriers. OK, So if we take a look at Q three, and we go down to that second item there, and we see machine learning, AI, and other compute heavy jobs, OK?
54:49
Now, what I think a lot of people, maybe might not understand, I mean, I guess the first task is up there under Q two, maybe let's look at the last one under Q two, let's maybe, OK. So what that is, is that's trans coding, OK? And encoding video, so basically what your GPU will be use for your, your, your CPU will be used for a nice a yours, because you know, you'll have one on gene Pool that you'll be using as well as, you could use one at your house.
55:21
So well that'll be doing is, is that that'll be encoding the video for the network.
55:29
So basically what it's going to end up doing is it's going to be taking some of that work load, Things that need to be done for the video and using your computer to do them, So with that, you'll earn extra rewards for allowing them to use your computing power. Your, once again, is in the sense of the G pool your as well.
55:59
So, then we do and then we transition over down into Q three and we see that there's Michigan Machine Learning, AI, and other compute heavy jobs.
56:08
So, potentially, what we're talking about here is a theta network of edge nodes.
56:16
They're potentially a research lab, developing a vaccine could come and use all of the computing power of everyone on the network of Theta and for that they'll pay the premium for that kind of a job to the network in the form of T fuel.
56:38
So, what we have, you know, when we go back and take a peek at the different levels of, there we go. OK, so what we have here is what the Gold I explained, That's not relaying any Stream, the Platinum really stream, and it helps past data route. Once we get into the gems to compute nodes.
57:03
Now, you're talking about giving GPU very complex, hard working hardware up to the world.
57:14
So that they can solve some really complex equations and heavy learning, um, hmm.
57:22
Functions.
57:23
So as we see, under the platinum, it says that you get your share of the relax.
57:31
So as streams get related to that edge node, you get your base salary, huge base salary, and then you also get your really rewards. So the base salary, which we'll go over here in a little bit, when we go through all of the rewards models, that's, keep in mind, that's only just your base salary.
57:50
You'll still end up getting rewards over and above the base salary when you're in the Platinum.
57:59
And then when she transition into the Emerald Sapphire and Diamond, those are now when you get into Level 1, 2 and 3 and you're offering now.
58:11
Number crunching, GPU hardware.
58:15
And the higher we're going, Yes, yes, that would rate here. That would be the ideal, diamond, guardian, or edge nodes to have a thousand of these at G Pool would be.
58:32
I would look at as sort of our target right now.
58:37
And I know that that might sound a bit obscure for some, because you're talking about, No, well, they haven't even put a price out there from what I saw on these.
58:47
If you're talking about tens of thousands of dollars for one of these show, um, that's where we are helping with our commission.
59:00
The commission that we're taking on all of this is going to help us build.
59:07
So basically look at it as a partial donation to help build out the, the the theta, edge network to and potentially attract some of the bigger research universities over to theta to be able to utilize some of this really nice high-end software or hardware that will have for them. So well and real quick, just because I know we were talking earlier and your, your first thinking of building a colo facility. one. But, really, what you need to do, also, a long term that I get, I think, you guys have on the board, is that, it's not just one location, but it's, it's global so that it should, it should get more decentralized as you grow.
59:48
So, so, let us say, so, if we're looking at the, you know, the whole model, what we'll do is we'll slowly, our goal is to make sure that when you come on two G pool here, however, long, this may take months, you know, maybe even closer to a year, probably a year.
1:00:06
Every single edge node that we're offering, NG Pool, our diamond.
1:00:11
That's our hope is that we slowly transition up to where we can offer nothing but Diamond class for everyone.
1:00:19
And that will mean that we have a very nice GPU sitting there for a isolated, singular edge node computer on every single edge node we have, instead of shared hardware, it's all dedicated cingular to that edge node.
1:00:39
And, no, it's going to be exciting to see what data can really build out with that at their disposal. And I don't mean just G pool, but all the other players, at that point, I'm sure that will be in offering their hardware as well.
1:00:55
So, so, basically, that's, that's our vision for the build out, on a singular level.
1:01:06
We then, as we go along, obviously, we build up redundancies, meaning if your edge node was to go down, we have another one sitting there, ready to go. So, basically, what we're looking at is, you know, with emeralds, and, and getting out there, and starting with the backups, and so on and so forth.
1:01:25
Potentially, what we'll have is, will have one backup for potentially 10 edge nodes.
1:01:30
Then we're going to transition into a backup for every other edge node, and then we're going to have a backup for every edge node we have on the network, and potentially, I mean, I don't know, but it would be nice to have maybe a second backup or a third, you know. Anyways, that starts getting into the have, you know, to hate me for what it's really doing, but there's nothing that says that, while it's not occupied, it can't be doing other Anyways. That didn't get a little too far.
1:01:58
But, basically, our goal is to make sure that we have backups and that we can proliferate globally too.
1:02:06
Well, we're going to be, so it's, it's really going to be sort of a step, um, build out.
1:02:13
And as we Step, you know, we're building better for, the Edge network, is basically going to be this, we're building better hardware and backups and more locations. And then we build more more hardware or backups, more locations, And we hope that, as we step up to being able to provide Diamond, everyone, it's that we have Diamond's around the world, you know, and that's with backups, you know?
1:02:41
So, No, that's that's where we're headed.
1:02:44
And that's what, you know, we're, we're budgeting, and that's what we're taking, a lot of time, making sure that we develop this so that that is what we're working towards every day that we're building this.
1:02:58
Great. Yeah, that's not an easy task of what you guys have, hatty's, jump in here.
1:03:08
Oh, yeah, go.
1:03:10
Oh.
1:03:11
I would love for you guys to possibly take your conversation in a direction that's more understandable to the bulk of the people here. Everything you just said, I'm sure, is unbelievably important.
1:03:24
I can't imagine what it takes to put this kind of project together, however, most the people here probably don't have a clue of what was just said.
1:03:33
And so can you guys maybe take this conversation in a direction where people that are investors in Theta and are also using G pool as their pull to stake?
1:03:47
Maybe just talk about it from the perspective.
1:03:49
I guess what I'm trying to say is, I don't know that it's important that we turn hundreds of people today into developers but show them what's coming for them, if they're using.
1:04:02
Gee, Paul, if they're going to stake there.
1:04:06
Theater fuels are going to keep stake in their theta.
1:04:09
Know, what does this look like for them from that perspective?
1:04:13
In other words I guess, and kinda one of the one of the synergies that George and I have is that I don't get in Georgia's way because George does what he does. Really good. And now I need to know how he does it. I just need to know that it doesn't.
1:04:27
And George needs to know that I do what I do, and he doesn't need to know how I do it. Just need to know that I do it as well.
1:04:35
I kinda would love it if you guys would maybe take this conversation in a direction.
1:04:40
that shows the folks here that are kind of the believers in G pull. All this mean to them, what's the newest thing coming for them? And maybe leave out some of the technicals of how it's gonna happen, why it's gonna happen, and all these words that I have no clue what they meet. You guys, help me with that.
1:04:59
Absolutely.
1:05:00
And, you know, I think I kinda geeked out on this because I've been searching, you know, for for some of this information and it's hard to find on YouTube and different channels.
1:05:11
And so, it's kinda geeked out a little bit too much. So D, let's, let's take it back up and and talk to the people that are here on what they're gonna see on on G pool. You know, at some into the advantages, and I guess, you know, some of them we have covered that. That you're not going to need to run your own computer at home and stake your T fuel.
1:05:36
And just some of the the advantages and how much you see the, the increase in, in value of the tokens themselves.
1:05:49
Sure, yeah, Let's go back to that image you had loaded there, OK, which one?
1:05:55
Can you just add it there on the screen, OK, yeah, there you go. Perfect, alright.
1:06:01
So what we're looking at here is, for everyone that doesn't know this, this calculators available to anyone. You don't even have to be have an account on ..., so, when you go to the gene pool website, it's sitting right there as calculator.
1:06:22
Now, what we're looking at here is this is what you can enter in and customize and see what your APR is.
1:06:32
So what I've put here is, this is that, let's say somebody, because you guys have had listeners, and, you know, investors for quite some time.
1:06:41
So what I did was I on the other one Here, OK, Let me go back to that.
1:06:47
Sorry, Yeah, OK. There we go.
1:06:49
Yeah, So what I did here is I I wanted to make sure that, know, not everybody, you know, here paid 10% per se. But I just wanted to make sure that we all look at we're actually starting from If we wanted to look at what APR's are that we're getting right now.
1:07:09
And And, you know, you can adjust that depending on what your average was, that you bought your Bulk of your theta at. Some people might be a dollar, and so on and so forth. So at 10%, if you paid 10, 10% on average for your theta, you're earning about 46% APR.
1:07:28
It's, it's easy sometimes to lose track of that because you look at today's price in APR's and so on and so forth.
1:07:36
And what we're going to then discuss here is the rewards on three, what everybody is going to end up getting, and so on and so forth.
1:07:45
So, I just wanted to make sure that we all kept in perspective that what we're about ready to talk about is all sort of newcomers numbers. So, if you wonder, go over to that.
1:07:56
It's site that I threw together here, your very first tab.
1:08:00
Yeah.
1:08:02
OK, so if we scroll down, what we're going to end up seeing is, I don't wanna get too heavy, because people can go to the website. It's tea fuel dot farm. They can all read all of this. Basically, the principles that are going to be at play here is that you're going to be earning, your APR depends on two different things. It depends on the price of tea fuel, and it also depends on how many to fuel our state.
1:08:31
So if we scroll down and we take a look, there's going to be a golden ratio, and we're not gonna get heavy into all the numbers. That's all there for everyone that wants to explore. So we'll use, scroll down a little bit more.
1:08:46
Um, so here's the chart, you know, that, that we look at, so all of that information above explains how we derive sort of at this point here.
1:08:59
And what we're looking at here is, you know, struggling from the upper upper left here is that sado.
1:09:08
This is how much everybody gets paid a day. Meaning, the whole network gets paid, that many T fuel, a day, OK, T fuel.
1:09:18
This is how much the network is going to get paid T fuel per day. Now, that's the 4% that's using what's in the code right now. That can change a little bit. We're waiting to see if we go and we look over.
1:09:30
That's the amount of T fuel and theta that would be potentially state.
1:09:36
What this means is this the more people that steak, sort of the less that you get out of that daily amount, so the daily amount is disbursed over to everyone, and it's proportionately given to you depending on how much you have sticked.
1:09:52
So then we come down over here and we look at price and we see OK for dollar Theta and then you look at T fuel and you say, Wow, let's 64%.
1:10:02
That's not the price, it's, you know, T feel today.
1:10:06
And what what we see here is this we have this chart that is balanced, the supply state.
1:10:16
And then we look at the APR's over at the very far right corner.
1:10:21
And we see that those APIs are balanced.
1:10:25
For these APRS to Balance that is what T fuel would have to cost to balance out the formula OK? If it is not, it does not balance the formula.
1:10:40
Now, balancing the formula is quite elegant.
1:10:44
Theta has built a masterpiece of a model because basically, how we balance is more tea fuels bought and state and that's how we end up bouncing. So when more tea fuels bought the price goes up.
1:11:05
Development teams.
1:11:10
Is waking up here.
1:11:12
OK, so as more As more tea fuels bought and the price goes up and more at stake it all comes down so I want to scroll down just a little bit.
1:11:25
There we go coupon. Here we go. So this, this shows what out of balance looks like. So, here we go. So from that top chart, it was balanced.
1:11:35
But now, if we take a look here and we see today's price potentially, this was today, a few in crypto, right? It was like a year ago, but this was really just the yesterday.
1:11:47
So if we take a look and we see, OK, theta at $4, T fuel at 14% and we go and we look at the APR, let me see. Oh, holy smokes, OK.
1:11:59
Well, your APR is a little better in T fuel but now, if we take a, look, that's that, right there is, if the supply is balanced.
1:12:08
Meaning, you have the equal amount of people staking, theta N T fields.
1:12:13
So if we scroll down here, and we look at this next one, this one is if the price is, are balanced, like they are supposed to.
1:12:22
But not as many people are staking tea fuel up there. So instead of the 53 and 53%, it's a 23%.
1:12:30
And we look at the APR and we're like, Oh, OK, The price balancing helped bring up saito's APR.
1:12:38
But, wow, a lower supply state also brings up, they are T fuels ANPR, so let's scroll down a little bit more, and this is what this will look at here, OK.
1:12:49
So, this is the model that you could probably say. maybe we launch with, let's hypothetically say this. And why I'm saying this is because potentially, we launch here April 40 some days.
1:13:04
And say does at $4 in T fuels at 14%. And we go and we look at the supply up there in the upper right corner and you have no 53% of the state of stake like we do. Now, we I think that number's up a little bit more. But then we go and we look at tissue.
1:13:20
Now, this is where we start getting into potentials. and potentially we start off with maybe even lower than 23% statement.
1:13:29
And if we do that, we look at the AAP arps and we go, OK, So potentially when we launch T fuel is looking like the APR, is actually quite attractive.
1:13:45
What ends up happening then, is the network, or the markets are going to find balance. You can't have this out of balance like this.
1:13:54
So what will end up happening is people will buy T fuel and start staking it.
1:14:03
So, this is, once again, where I want people to remember: we're looking at newcomers.
1:14:09
If you remember, you're not getting an APR of 1.6 unless you bought your T fuel or your theta today, OK. Your APR is actually quite higher, and it's some, some people are probably getting even higher than 46% right now, because of at what price they paid for their table.
1:14:28
Just keep in mind, when we're looking at this, we're looking at newcomers and that was one of the things that theta wanted to make sure that the we're good for newcomers as well. A lot of those people who've been here, we've made a lot of money, and we're making lots of money every day.
1:14:42
We wanted to make sure that it helped encourage new investments as well, so potentially your new investment that you you actually took out another position today and is is as profitable as your position has been from over the years as well.
1:15:00
So what we have here is this if we remember feeders or reward APR is based on T fuels price, the higher T fuels price goes to higher the APR goes for theta, and if we know that T fuels, tea fuel stakes APR, is based on how many teeth your state, the more tea fuel state, the lower the APR goes.
1:15:26
So, if you have the whole market buying tea fuel today, and staking it when it's available, a steak, You have a price increase and a supply increase in stake, which makes theaters APR go up, and teeth fuels APR, go down.
1:15:45
And if we scroll back up, mm to the, uh, to that golden ratio, just a couple, a little bit more, a little bit more up, just so that we can look at that chart, there you go, right there.
1:15:58
So, that's where you have the price going in one direction, four, theta stickers, and the total supply going in the other direction. And that bar, right?
1:16:09
There is the golden ratio, where they even up then. Let's scroll back down to that first chart.
1:16:15
And, um, there you go, right there.
1:16:19
And this is what it would look like, look, OK, so potentially, 53% now is state, because we started off maybe at 23%. The price of fuel is now higher.
1:16:31
Because she feel has been bought and state and now the APRS are balanced out. So, that's what, this, this site goes over a little bit more in depth and the math and I don't wanna get too deep into all of this.
1:16:44
But I just wanted to make sure that everyone understands that there should be in equilibrium that's found between theta and T fuel price relation.
1:16:58
And if the supply is equal, so, if both networks have the same amount state, the price gap, that always balances the equation is 6.25 to 1.
1:17:11
So that means that for every one theta you can get 6.25 T fuel on the market and that's the price gap. It has. It's more about the gap than it is about the actual prices.
1:17:26
So, yeah, so, T fuel right now has a lot of catching up to do with the price of theta being, Yeah, it's a balance it out, for sure, for sure. I mean, how many eggs are we talking? I mean, well, more than 10 X. So, yeah.
1:17:43
I mean, and that's where, you know, you get the arbitrage opportunity, you know, the markets will balance and there might even be people that set trading bots to the golden ratio.
1:17:53
So to say where when the market falls out of balance, it ends up buying that acid up and balancing it back out. So forth, you know.
1:18:04
So, I think that it's going to be really unique opportunity to see that potentially a trading back can trade on a price gap or price ratio, Versus any other metric. It's going to be interesting to see, you know?
1:18:19
Yeah. Yeah, absolutely.
1:18:21
Well, you know, I would love to start taking questions, I know, I know you and I could go on for quite some time. If there's anything more, I kinda like, I like this bonus right down here.
1:18:37
So, so that one is, if you scroll up just one more, so that one won't scroll over there. He goes, This one I just put out there, like, what would it look like if every every coin out there was states, like 100%. And the worst-case scenario would be that everyone gets still a 4% APR, so then I'm scrolling pecked out.
1:18:58
I put one together, showing what the price of the asset would be. Potentially, that has 100% of it off of the exchange, actually, give it all off.
1:19:10
But, once again, as we see, say, to do a thousand dollars, and the price gap being equal to where it needs to be at the 6.25, that means T fuels 100, and $60 now.
1:19:22
I'm just saying that it's, it's interesting to note that once equilibrium equilibrium is found in the price gap is is is is tightened that everything balanced. It's going to have a pretty extreme partnership and relationship that both, you know, they they service each other, which is amazing.
1:19:43
Yeah, Yeah.
1:19:44
Yeah, great.
1:19:47
OK, A, we're in an hour and 20 minutes I guess. Do we want to take some, would you be willing to take some questions if people had it on sure at J, if you want to help me on this too? That'd be great.
1:20:01
Let's see, mmm hmm OK, let me start us.
1:20:09
Take a question. I'll just read the first one. Do you guys do you know why theta and theta fuel aren't available on US. Exchanges yet? Is that theta is choice or a US market choice?
1:20:24
That one's going to be for your day.
1:20:27
Yeah, I know that they're working. They have some non disclosure for Boost that they have signed with. Some exchanges, they answered that in public AMA, And they're working on getting some US exchanges. They can't tell us how far along they are. And I know that from what it sounds like, they've been working for quite some time, so all hopes that it's going to happen soon.
1:20:58
And then here's another question for you D?
1:21:02
You mentioned the 500,000 coin count And you mentioned the lower end that you said you were hoping that they would lower the lower end that I'm I'm wondering. Well, they raise the upper end of that like for me, I'm enough got millions of T fuel Is there gonna be a node? I can put that in or am. I going to have to put that in? You know 20 different nodes to be able to stay at all.
1:21:27
Right, so what you would do as far as raising it. I'm not sure that they will their goal is to get more nodes on the network.
1:21:36
So what you would end up doing is, you come to Jeep and you have a couple of tiles lined up and each one has its Max level and what you're doing at that point? Is? keep in mind that you have now?
1:21:52
A couple more opportunities to get even more rewards.
1:21:55
So, if you put it all into one, um, you would end up earning just the base salary on that, which is great, but then it would only be able to relay one stream at a time and so on. And so, because, you have a couple of them lined up, one might be relaying and then the other one goes to relay anyways.
1:22:12
This should translate into more rewards in the end.
1:22:16
So, it certainly, while it's a job for us to handle on the back side of things, for everybody that's going to be involved, it basically is going to end up where you potentially get more rewards. Because you're in a couple more edge nodes. So, it shouldn't be too much of a problem and we're going to design it so that it's pretty easy to work.
1:22:40
Yeah, because you guys are designing a custom solution.
1:22:44
Yes, yes.
1:22:47
Yeah, so, I'm gonna skip over a couple of these questions. that are just, you know, Gazans or Common sense, you're asking. Should you use G? poor? We're using your satellite based data. Come on unless, you're using Starlink, you don't have enough computing power to run anything on a satellite.
1:23:02
Somebody's gonna kind of go over some of those and just bypass just test an unstable my theta and in G pull and I'm glad I did when I entered the Jeep or Guardian Noteholder and my theta wallet using the Scan QR Code my theta Wallet says address, not valid. I wrote to the G Pull Support desk asking, what could be the issue?
1:23:27
But in the meantime, I was wondering if someone here has perhaps already experienced and resolve this problem ... mine. And I had no problem once taking money.
1:23:38
Yeah, let me, let me just try to, Yeah.
1:23:41
Yeah, yeah, so probably, it probably hasn't gotten response because I'm in here right now but. yeah. I got it, I've seen a lot of e-mails come in, so so yeah, I'm gonna get to that e-mail but the answer right now because that might help them benefit quite a few people. Is that QR that you scan and that that that long address that you scan to stake is not the same that you use to unstick. I, know that might sound confusing. But that long summary and that QR that you use to delegate is different than the holder address.
1:24:16
What you used to stake is called the Holder summary.
1:24:20
The holder address that you need to Unstick is actually right there on your wallet on the ... page. It says Holder address, right? in it. So what you need to do is, is when you're on Gene Pool, we have the guides down at the footer. You just click on the guide. And we have a guide to show you exactly how to delegate at anytime. So basically, it, in that guide, it explains that you need to have the holder address.
1:24:51
Keep in mind, that you're not withdrawing it in a sense that you're withdrawing it from an exchange you're withdrawing it being State.
1:25:01
So it's still in your wallet, even though it's not in your available balance because it's not available, it's actually staked.
1:25:08
So even though it's Now what ends up happening is you take it and when you unstack it, it's just becoming available on your wall.
1:25:18
So it's not moving anywhere. So when you're putting in a withdraw address, don't be concerned that this isn't your wallet address because that's actually not what it's asking for.
1:25:28
What it's saying is, of the guardians that your state to, which guardian do you want to unstick from, that's all it's as the address is just to identify out of a potential list of guardians that your delegate it to. So imagine that there's a couple of tools out there in your state to two G pool and you're sick to another pool and you go to unstick, it just wanted to say, Hey, Which of these addresses that your state to are you undertaking? So, that's all it really. And there's, there's, there's a video that I put together kind of walks you through that because I've had a couple people contact me like, I'm putting this in and it doesn't work. It's like, well, you know, just just watch the step by step and do what most people do get. Yeah.
1:26:11
Sorry, I keep in mind this should go to the wayside as well with the one click delegation that del Theta has given us. Which will better? With the one click delegation, you'll be able to go into your wallet, select G pulled from potentially a drop-down menu, Click on it, delegate to it, and you delegate. And then when you want to delegate, there will be a button on delegate to from, and the guys will be even necessary. You'll just get our name from the list, you click, and then in your Delegate and out your unstick as well. So the process is gonna get a lot less cumbersome.
1:26:45
That's good? Good morning, J, Will you provide an update target price for T fuel? Would be great to monetize this conversation? Let me monetize the conversation with you but before I do let me also say to folks asking for an update on my target price for T Feel, I just did a video Tuesday about Theta.
1:27:08
I updated my target price for Theta and I said, In the video, three times, I have no new update for T fuel. So from from, from Tuesday to today, there is no up there.
1:27:19
Now, let's monetize this conversation.
1:27:23
A person would have to be an absolute moron to not take free money.
1:27:30
Excuse me for putting it so bluntly. You'd have to be an absolute moron to not set yourself up to win bigger than you're already winning.
1:27:39
So the monetization talk goes like this.
1:27:42
I'll use Wax as an example, rather than tea fuel.
1:27:47
Data Staking has not been around as long as whack Staking, or if it was, we didn't have the ease to do to do it like we do with Jupiter.
1:27:56
As soon as George dug into G Pool, I was like great, let's set it up.
1:28:01
Let's do it, This is fabulous but you know, I earned hundreds of thousands of wax tokens over the last couple of years, just leaving them sitting there, going in and claiming them once or once or twice a month, reach taking them, hundreds of thousands. That's free money.
1:28:19
If if wax, like, what's happened today, has gone up 58% today, because the ... market is now starting to take off, which, by the way, folks should be a signal, that the market is reaching some topic.
1:28:32
If you go back to 2017, when everybody started putting hundreds and hundreds of thousands of dollars into crypto beanie babies, let's just call it that within 15 days the market collapsed.
1:28:47
I don't think that Bitcoin or the market is at a point of collapsing, but I do think from 4000 to 60,000, with no bigger than a 31, 32% correction, I do think we're getting set up for a little bit better correction. And then upward and onward from there. So, I'm not, don't, don't take that the wrong way.
1:29:07
But, to monetize the talk, if Whacks goes to $2, and I have hundreds of thousands of them for free, because I've had them state, Guess what? There's your monetization, and it's the same thing here, you don't need it, it doesn't take a rocket scientist to figure out what, what D is sharing with us is. we're making your life easy.
1:29:32
So, all you have to do is point, click, drag, and drop, and earn your percentage.
1:29:38
Gee, Pool's gonna keep a little bit for all that they're doing, which I think is minimal, but, uh, I think it's great, they're getting paid.
1:29:48
And then from that perspective is when you do go to sell your tea fuel, when you do go to sell your theta, how much did you get free?
1:29:56
And if you got it free for a year, or you got it free for 18 months because you were staked and you were earning your percentage back.
1:30:05
And that's what's fantastic about the models that D and George were going through, as you can see there, that are kinda the percentages that you're getting back based on when you got involved.
1:30:15
And then you then, that's when your conversation of monetization comes around. Do you sell your theta at $10?
1:30:23
Do you sell your theta fuel at $2 And I mean, look, I've bought a lot of data fuel but if I take the theta feel I was given for free which was millions, if they had to fuel, and I average it together with the ones I've purchased. My average price is way, way, way down at the bottom. I mean, it's just nothing like it's almost 100% profit, right. So everybody's conversation of monetization will be different.
1:30:52
How long did you have at stake for?
1:30:55
How much, how much in that timeframe did you get, and now at what price are you selling it at? There's going to be people that watch state of fuel go to an enormous price, and then they're gonna watch it go all the way back down.
1:31:06
And so when you want to talk about the balancing of markets, the balancing of any stake pool comes in a bear market. You really get some balance, then.
1:31:15
When you come into the bear market, and what I mean by that is it levels the playing field, because so many people will not take a profit, because most people don't know how to get into a good trade. They have no clue how to get out of a good trade.
1:31:29
And so that kinda is the answer to that question. Let's see if we have some more for D here.
1:31:35
Thank you Jay for reining in the Techies. I wasn't understanding that meet either. I'm glad you guys are smart, and they do what they do, because I don't have to, I get to do what I do good.
1:31:46
So thank you, Dave, for that.
1:31:48
Thank you for being a brainiac, George, and D both.
1:31:51
I had a guardian node running on my computer, but I couldn't figure out how to hook it up with a theta wallet. Am I just running it and not not losing that the fuel and not just running it and not losing the fuel? That's the question, I guess.
1:32:08
Um, I guess I'd have to take a little bit stronger look at their, you know, what their address and what it looks like on the blockchain to completely answer book from the assumption it sounds like they have the edge node or the guardian or running, and they haven't states to it. There's a guide for that, and it's pretty close to ... guide for delegation as well. So they just need to go to the Git Hub guides through Theta. It has got information out there. And just, as a matter of fact, I think even on the download page for the medium article for the edge or the guardian node, there is a link to their guide.
1:32:52
Know, however, you find the guide there, there'll be a guide to show you how to, quote unquote, link them together. Basically, you're going to take the guardian node gets is sitting there, and you're going to stick to it, there's a guide for that.
1:33:09
Yeah. Because all you're really needing is the summary.
1:33:12
And putting it, and, so you're kind of doing the same thing.
1:33:14
And, honestly, like, I gave up, I, I bought a, a computer specifically for, for writing a guardian node. And I was like, no, I cannot do it as well, because I looked at the stats.
1:33:29
I don't really, I don't have the link, but it shows your uptime and downtime, and you don't get paid for your downtime. And so, I was looking at it and saying, I'm paying for power, and pain, for maintenance, and pain, for just making sure that it stays up. I don't want to do that.
1:33:45
Because I'd rather go to someone like G Pool then, and have them handle everything out, have to worry about it all, and my return is better, Do you like then?
1:33:57
It's running on my own and looking at the stats and my downtime and what I'm running here at home, which is great.
1:34:04
You know, gig a gig down, but I still had enough downtime to pay for you guys to do it. And it was much, much cheaper.
1:34:13
Yeah, yeah, Yeah.
1:34:15
I was just going to go to the next question here Does to fuel reach a nice word, Cripples the Theta Network because it's too expensive to interact with IE, eith gas prices are deterring some users.
1:34:28
Do you have an opinion on that day?
1:34:30
Yes. So, well, you know, not only just from my gas a gas perspective, when we see you know how low the gas prices I would love for that decimal place.
1:34:40
I believe it's a six the six decimal place. I'd love for that, to actually be a meaningful number, and tepe your value.
1:34:48
But, with that being said, you know, there's also the end, that, a $10 T fuel that might look, you know, sort of silly. You may be earning one of those a month, and people don't want to deal with decimals, and so on. And so, So, let's say that we're at 10, $20, you know?
1:35:07
Tea fuel. But I would foresee happening, and I don't have this complete firsthand knowledge, but I would see them doing what's called a re denomination.
1:35:17
They just shifted decimal.
1:35:18
And instead of you saying that you have no no one, you know, one ...
1:35:27
worth 100 dollars. You have 100 chief. Your worth $1. So, not to get into the math and all that stuff. But what they would do is it just shifted decibels so that it was more easily digested. And able to be used on the network. A little bit more fluidly for the average person without a bunch of messy decimals involved can get really confusing.
1:35:48
Just some for these decimals.
1:35:50
Yeah. Yeah. This person says thank you for the live stream. Do you know of any tokens that will come in the future that may compete with Theta? I think there's one out now that's trying to compete with Theta. Is there not?
1:36:06
I have seen a couple different, different coins. And I guess you can look at it from an end.
1:36:13
The state is doing so many things, that he could actually touch, a couple different genres of competition, even have the smart contracts that we have, that, you know, seeing them launch where it potentially is competing for market share of the smart contracts as well. So, yeah, I think that you could really make an argument for competition on many levels.
1:36:37
I think it's more of, for me, it's more of a one stop shop, you know, Theta has quite a bit of the elements brought into it. And potentially, the ability to keep a lot of people in its ecosystem which is great.
1:36:53
And I think that that's maybe a little bit, you know, under looked where they're, you know, some of these other networks are doing some of the things that they are doing. But when you look at the grand scheme of everything, you're saying, wow, did I actually built two networks and paying for both networks out of the block reward and then burning it so that there's no inflation? And it's doing that with smart contracts with streaming, you know, air-b.n.b. for your Wi-Fi, basically. And it's amazing when you look at that, keeping it all into a same ecosystem.
1:37:29
Robin here says, is it possible to steak and then sell any Tom?
1:37:34
Are you suggesting we steak both Theta and T feel and invest the same amount? And suppose? I think the question about investing the same amount into both is not something that ... can advise you on or even even I can advise you on that that's your own, that's that's on you guys, what you decide to do there.
1:37:54
I do think that the theta team was very, as they were making a huge suggestion when they airdropped people no five times per one theta tokens. So that's a pretty good suggestion I think but but the first two questions I think are good for for D, is it possible to sell at any time? Are you suggesting that a state, both theta and T fuel.
1:38:21
Yeah, so, selling at anytime. Basically, what happens is, to go back to the example, your coins aren't going anywhere. They're just getting time locked in your wallet. So, when you stake, it's, it gets locked and out of your available balance and into the staking balance. And when you go to unlock that data has implemented a cool down mechanism to make sure that the network isn't so vital.
1:38:48
And you use it through about 60 hours, and I say about is because it's actually in block number, not it, clock time.
1:38:59
So Once you get through the period, you're able to to sell and move and do everything that you wanted to do So it's about 60 hours And then as far as, you know, should you stay both of them? Well, if you own both state voltage domain, you're getting more rewards By having both of them say: do you know for sure, you know?
1:39:23
OK, let's see here Someone's saying they're on your website, They're very confused. George has got a video about this guys.
1:39:33
Do you not have a video on YouTube, right about how to stake on people?
1:39:37
Yeah, yeah, It's, it's, that's why I get a lot of e-mails saying, hey, I have a question about XYZ. And it's. So, you know, it's there. What I'll do is I'll make sure that we get this and some of the other links, some of the medium articles.
1:39:53
So you can kinda go through and and and summarize that for yourself and see where what information you want to to learn about, Theta, T, fuel, G pool, et cetera.
1:40:06
And someone's asked him did he say 60 hours or 16? It's 60 hours, about 60 hours. He did say, about 60 hours. So it does take a little bit of time to unstick Iron Staked. My my A D X, my EDX.
1:40:22
And that's 30 days of wait time before it comes back into your wallet. So each one of these coins are a little differently seders, 60 hours. That is our last question of the day about the T fuel and theta.
1:40:38
So, um, did you guys have any closing thoughts there before we move on? I've got somebody else I need to bring on here that's been waiting.
1:40:46
Now, I want to really thank D for coming on. And I know it's been too long, since we've got 2, 2 down in the weeds, and next time we'll, we'll keep it up a little bit. But I know maybe we can, let me see. When is it going to happen? Maybe in like, you know, 49, 50 days, we can have you come back and talk a little bit about three point out.
1:41:10
That'd be awesome.
1:41:11
Yeah, for sure, for sure. I look forward to it. I appreciate you guys having this platform for me to discuss all this.
1:41:20
I'll say, too, I think on behalf of everybody here, um, again, you're very smarter when you do.
1:41:28
I have none of those skills, and without your platform, I'd be over here going, what do I do? How do I, how do I make money with my theta?
1:41:35
And I'm not, I'm not an advocate of putting my money on some platform, for example, let's just call it a block fi.
1:41:44
Like, I'm not an advocate of that, so you've given all of us the ability through this, through your G pool.
1:41:50
And now, it looks like what you're going to be doing with with data fuel, being able to run the different nodes where we can eliminate that third party counter risk. And all we really have to trust is the code that you guys put together and they know everything that you've built. And I just can't thank you enough for that. Because for a guy like myself who believes in the project, I'm the guy who says, hey, I'm going to invest in Elon Musk, not Tesla. And I'm the guy that's saying I'm going to invest in the team of people that Bill YouTube.
1:42:22
And that's why I'm investing in theta, right? I'm investing in that team but then you come along with, with all your smarts and all your background and build something. I get 2 to 2, basically, when bigger from and I just want to thank you for that on behalf of the whole team.
1:42:39
For sure, for sure. Yeah, you're welcome.
1:42:41
It's it's it's actually, you know, it's a pleasure to to do it in all its it's exciting to be able to you know be involved at this Level one Like I was saying helped grow with hardware and a robust network Quite a few people here are thanking you for coming D So want to extend that to you? Other there are some more people that obviously didn't hear we said a minute ago They're saying can you walk us through this process? There is a video that Georgia has done on the YouTube that walks you through the entire process. It's free.
1:43:17
Do you thank you so much for coming on Buddy. We're gonna continue on here. You're welcome to hang out with us, but we're going to continue on, I'm going to be bringing bygone gas.
1:43:25
Thanks, ..., let's see here.
1:43:27
Let me see if I can find him and see if he's still available.
1:43:33
Put that back.
1:43:39
Asks.
1:43:43
Sorry, guys, There's so many people here, I'm having to scroll through just to get to where I need to go.
1:43:48
There really are a lot of people here. Here we go. Here's Mike.
1:43:53
Mike, I've got you unmuted My friend. If you can unmute on your end, we can bring you on here and talk just a second and then we're going to jump into people's questions. Guys, if you want to start putting your questions in for the day, just in general about crypto, feel free to do that. I had some information I was gonna go through, but we're gonna put that off till next time. We're quite a ways into this live stream already. Mike I need you to unmute your microphone on your goto Webinar control panel or else I'm not gonna be able to bring your own.
1:44:34
Alright, Michael, let us know if you get that worked out.
1:44:36
We're going to go over to people's questions, guys. Again, put your questions in, in general.
1:44:45
Let's see here.
1:44:47
Which exchange do you sell dos network regarding liquidity?
1:44:52
You can do to us on any of the decks, exchanges, those are fantastic.
1:44:57
You know, we, we typically use Caledon Brown so you can use that. You can use one of the dex exchanges, either way. I've done it on both myself.
1:45:08
Let's see here, wishing you a joyous and bright morning. Thank you very much. Good morning, and welcome to J George Show.
1:45:14
Start starting with special guest D Yup, I'll be taking profit soon and also paying for my crypto training Live streams and crypto. Do you have a suggestion on how to take profits to enable this?
1:45:30
Um, I mean, most people subscribe to my service, and they take their profits when I take my profits.
1:45:40
Um, they maybe, are not, at a point yet where they can make those decisions for themselves.
1:45:47
So, they say, Hey, if Jay sell on Amazon, and, if J is not selling, I'm not selling. And so, that's most people that subscribe here.
1:45:54
There are quite a few that have been here for a couple, three years now and they're starting to make a lot of their own decisions which makes me very proud, happy and excited to see.
1:46:05
But as far as how to take your profits, I would recommend you try not to do it on a typical exchange because you will find, you are run into many, many roadblocks.
1:46:17
What is the difference between staking and buying a coin?
1:46:20
Staking, a coin is kind of like, OK, you have dollars, You have dollars and you go into your bank and you say, Listen, well you guys pay me interest.
1:46:30
If I lock my dollars up for seven years and they say: Yeah, we'll pay you a peanut interest rate, something that would take you like 67 years to double your money.
1:46:40
So, you know, sometime down the road when you're just about to expire, you might have a double on your money.
1:46:47
And that's the same mistaking, you buy a coin.
1:46:50
You have it in your wallet.
1:46:51
We George and I really are not advocates of doing any type of staking where you can't keep control of your own coin. You don't have, we don't want you giving up the control of your coin. If you're giving up the control of your coin, you no longer own it.
1:47:06
If, if Calama Brown is holding your coins, you don't own those coins.
1:47:11
You just think you own those coins until something crazy. No almost expecting happens at Caleb and Brown just like: OK, X Nobody was expecting the Chinese government to come along and arrest this man and hold him in custody for how who knows how long.
1:47:28
Nobody was expecting that, but during that time you found out real quick, you didn't own your coins, didn't you, because you couldn't remove them from the exchange.
1:47:36
So we're not advocates of doing any staking unless you can do it in a way where you keep control of your coin.
1:47:44
And to answer your question a little shorter, it's just the ability to basically make an interest return on your coin.
1:47:53
The thing I love about crypto is this, Let's just say, you've got 10000 Ethereum tokens, and you have someone on your team like George, and you invest in your own node, and you stake all 10000 of them.
1:48:08
And they're gonna pay, who knows? 7%. Right? So they're paying you 7% in the coin. So you have 10000, they're paying 7%, they're paying you a number of coins over the course of a year. But if you have a little savviness about yourself and you can understand when to be staking and when not to be staking, you can actually really increase your reward. You can't really gage it when a deck says, We're paying you 49%. You really didn't earn 49%.
1:48:42
You really earned a lot more than 49% if you took your profits at the right time, 49%. It's awesome. But if you take your profits at the right time and you look back, you can go, Oh, well, that was more than 49%. I'm a 212%.
1:48:57
So, but for folks that don't understand the ability of taking profits at the right time, they're just stuck with 49%, not that that's bad.
1:49:07
Oh, let's see here.
1:49:12
Susan says, she only has 1300 theta. George, correct me if I'm wrong. You can't steak on G Pool unless you have 10000. Is that correct?
1:49:23
I believe that is correct, you know?
1:49:26
It's an things change, um, but, yeah.
1:49:30
That is, that was the minimum, because it was much higher.
1:49:37
Let me go back and check that, because I know things have changed, and it may change as far as when three comes out, too.
1:49:46
Yeah, so someone says here basic question, what's the purpose of beta fuel versus theta? What is their relationship?
1:49:55
That probably would have been a better question for Dee.
1:49:59
I can just tell you this and this is one of the reasons I'm invested in theta when theta kinda came around on the scene.
1:50:05
I think the first person to really give Theta a name was Michelle White Dove would love to give her that credit.
1:50:13
I had never heard it before she talked about it, but then, at the same time, right about the time, she talked about it. I was sitting on a phone call with one of my contacts in Europe and they said to me, they said, Do you remember the guys that built YouTube?
1:50:26
And I said, I'd do and he said they've been commissioned to build the next platform and the key word there is been commissioned.
1:50:35
Understand what I'm trying to tell you without telling you.
1:50:40
They were commissioned to build YouTube and they've been commissioned to build theta.
1:50:45
And so, when you get marching orders that high, when, when the marching orders come from that high up the scale, and you start and begin to see all the big money pouring into that behind the scenes, I don't have to know every detail about it. I don't have to know exactly how fate of fuel the burn rate, the code. I personally don't have to know.
1:51:08
But when I can see my partners at Morgan Stanley and I see how much they feel they're holding in their wallet, and I see how much data they're holding in their wallet, I can go. Yeah. I can get on board with this. I'm big on following the bigger money.
1:51:22
I'm not so big on grabbing the latest, greatest, the fire project that just came out that's going to 300 X jump on board and get your trillions. That's not me.
1:51:33
If the ...
1:51:34
are projects good, it'll still be here after it does its pump and dump and we'll know a lot more about it, and I'll get on board at that time.
1:51:44
Yep. And just to let you know, it is a minimum D I am to me of one thousand theta to stake. Now it is it, they brought that down. OK, so Susan can stay curves so guys, use George's video. It's on our YouTube channel, YouTube channel is the Bitcoin Academy.
1:52:02
And he's got one there you can search for it. It's the gene pool staking video that he put up. Oh, I don't know, almost a year ago or eight months ago. Don't leave months ago. Yeah, I updated it for 2021, because the interface on G pool changed a little bit, and I wanted to reflect that. So, it is updated to what, what, what, It was in january, I believe, so.
1:52:25
I have, I'll have to login and see if anything else has changed, but yeah, it's there. And, and, we'll get that linked.
1:52:34
Someone's asking here, they didn't know if I wanted to talk about this on the air and perfectly fine with it. How did you work out what Grand Fib levels?
1:52:41
You're stretching towards for your targets.
1:52:45
I don't, I don't work it out.
1:52:48
It is I don't use grand Fibonacci levels to determine my target that I don't do. But when I come up with my target I can then look and see do I have Confluence Confluences where you can take multiple Fibonacci tools and see a line where they all add up?
1:53:08
So you might be looking at the Fibonacci ratio based on an extension based on a on a pullback.
1:53:17
You might be looking at Fibonacci based on the entire move that's happened in a year Then you may be looking at the grand Fibonacci and when you put all those three together and you see oh look here. There's a Confluence line where all of them hit the same point.
1:53:33
That's something that that, that's where you go from Fibonacci being Fibonacci to Fibonacci being powerful?
1:53:43
OK, so, what are the different factors in the account when you change your target, OK?
1:53:47
So like I say, that's not my primary target source, What's your exchange? Do you sell ... Network?
1:53:54
We talked about that two, J or any one when theta becomes available to purchase on Coinbase.
1:54:00
What do you expect the price to do?
1:54:02
Go up to X or 20 X possibly any thoughts?
1:54:07
I think the I'm not basing my target price for Theta. You guys know I gave you a six to $7 target price on Theta when data was 10%.
1:54:19
There's 300 people here minimum that will back me up, when it was 10%, I gave a six to $7 target. Today, we hit 450.
1:54:28
We're on our way.
1:54:30
I've already updated the target to a new level, which I won't put out today. There's too many people here that are, that are here as freebies but the folks that are paying for you know what my new target is I put it out on Tuesday of this week.
1:54:44
So from that perspective what will happen when Coinbase says we're gonna put fade out there. I don't know what happened when and here's the other thing. Is it already baked in?
1:54:58
Is it already baked in, like that information leaked out a long time ago that Coinbase was looking at Theta, so is that already baked into the pie?
1:55:06
I don't know the answer to that, I'm not going to pretend to, what's going to happen the minute that. three comes out as is the price going to dump.
1:55:15
Can I remind you guys that we are investors in a space where most of the time, it's especially when everything's speculative.
1:55:25
Is Theta a company making money? No.
1:55:28
Is Theta company promising?
1:55:31
All these things were going to do, and Sony's commonweal. Yeah they are.
1:55:36
It's, it's basically the one coin.
1:55:41
Um, how should I say that?
1:55:44
It's the it's the one coin theory.
1:55:49
Well, this is the one coin that's going to do this. And this is the one coin that's going to revolutionize that. And this is the one coin.
1:55:56
I mean, guys, look.
1:55:58
If thorium hit $2000 recently, and it does not make any money, it's a work in progress, the fees are too high. Are they going to actually bring theta two to scale? I mean, it's all speculative.
1:56:15
And the reason I'm pointing that out to you is because when you're in a speculative market, more than ever before, it's always buy the rumor, sell the news, the more speculative of the market.
1:56:29
The more that statement applies, buy the rumor, sell the news.
1:56:33
So on the day that three point O comes out that might be the very day that theta dumps, OK. Because now people bought the room or all the way to the date and now they've launched it And it comes out look at what just happened to cardona. Everybody was buying the room or buying the Roomba they're gonna have a hard fork. It's gonna be you're going to be able to build on cardano. And on the day it comes out it goes down 23%.
1:56:58
It's buy the rumor, sell the news.
1:57:01
Don't forget that. It's important.
1:57:07
Is this where you want questions? Yes, it is.
1:57:12
IJ any word on whether the free QDM airdrop, QI swap, worth hanging onto?
1:57:19
It's free money, gas, There's free money.
1:57:22
I don't have any plans to sell mine right now.
1:57:26
Just like I haven't sold my Bitcoin Cash Fork. I still hold most of my Bitcoin forks.
1:57:36
So it's free money. If we get to a point where it's worth taking that as profit, by that time, we'll know more about it.
1:57:44
Little to, no, too new to know too much.
1:57:48
Can you please speak about what percentage of capital you have allocated to Bitcoin versus Art at the moment?
1:57:56
Um, hmm.
1:57:58
I have more, if I look at my, how do I say this? So, so, so some of you guys are new.
1:58:08
And there used to be a time where I actually talked about how much crypto I had that was really stupid on my part.
1:58:15
You guys have heard me say things like, that's just really stupid. Well, let me talk about myself for a minute. That was really stupid.
1:58:22
For me to talk about my own personal crypto, you learn really quickly when you're in crypto. You talk about other people's crypto. You don't talk about your crypto.
1:58:33
But to answer your question and not talk about my crypto, I Have a list of coins That When we when we get to a point where we can take profits and rebuild our portfolio I'm going to change that list.
1:58:46
But what that list is, is it's a list of about 5 6 7 kryptos That are more of a guaranteed winner. Meaning that if Kryptos going up, you can count on them to go up.
1:58:58
For example, EOS has gone up a little bit a little bit it's not on the list.
1:59:04
It's an alt coin. It's not a more of a guaranteed coin. What is on the list? Ethereum is on the list. In fact, it's the top of the list.
1:59:13
It's coin number one and bitcoin is coin number end. It's at the end of the list.
1:59:19
Out of those more of a guaranteed coins.
1:59:23
I want my biggest position in Ethereum.
1:59:25
Why?
1:59:26
Well let's see litecoin is on the list neos on the list. Bitcoin Cash is on the list.
1:59:34
When I redo the list, Cardona will be on the list. Polka dot will be on the list, but I haven't done that yet.
1:59:42
And at this time, when we look at that front, and then there's 300 people, 400 people here that will back me up on this as well.
1:59:51
For the last two years, I've been telling people number one on my list, number one on my list, ethereal.
2:00:00
And you go, well, gosh, man, a coin went up more than a theorem. I get it, I understand that.
2:00:05
But man, a coin is not a 6, 7 year project that's proven itself that the government is trading bonds on.
2:00:15
It's a man. A coin decentralized. Is it gonna be big maybe, but right now it's just the one coin that's gonna revolutionize the gaming world. It's the one coin that's going to change everybody's perspective, right? Now it's all speculation.
2:00:31
But, but but there are governments trading bonds with smart contracts on Ethereum.
2:00:37
That's why it's up there.
2:00:40
And cut and man, a coin is not up there now. How did that work out for us as a team? How did that work out for us? I kept saying Ethereum is number one Theorems number one. Oh my gosh, I'm buying a thorium, it's 108 tonight. Oh my gosh, I'm buying more Ethereum, I can't believe it's $92. Oh my gosh, go back through patron and look at how many times I put buying more Ethereum, buying more Ethereum, buying more Ethereum, all at the lows.
2:01:08
And now when you look at the low price to the high price, Ethereum for the year, from last March to this March has gone up 24 times its money.
2:01:18
Did bitcoin go up 24 times its money?
2:01:21
No, Bitcoin went up 12 times its money.
2:01:25
I think there's a place where you can have some Bitcoin in your wallet, I'm not saying, I'm saying, I'm not selling, you, don't have it, I certainly have it.
2:01:34
I have a lot of it, still, as a matter of fact, But the big, big, big stack of Bitcoin, I sold it off at $14,000, I sold some of it off at 6000, I'm fixing the sell off the last of it when we get up here around 60 to 63.
2:01:51
I'm kind of done having Bitcoin in my tradeable portfolio.
2:01:56
I've taught on this extensively about how the X factor has gone out of Bitcoin and is now available in some of Bitcoin's brothers and sisters.
2:02:07
And that's what I mean when I say, buy more Ethereum, bottom or Ethereum.
2:02:12
Hope that answers your question a little bit long winded there I have.
2:02:16
I have problem with loading.
2:02:19
See a wall up. Loading. block. Stop. What CPU ram is needed?
2:02:25
Not a question for a live stream.
2:02:26
Yeah, just make sure you have the wallet updated. That's mainly The the biggest issue people have, is you're not running the latest version, and you may not be on the right chain, because you don't have the right.
2:02:39
How do we know our coins are safe at ...
2:02:41
Brown Nobody nobody from Bitcoin Academy, nobody from telegram group. Nobody from this Patriot group has ever said for you to keep your coins at Caleb and Brown.
2:02:55
So you're asking a question that goes totally against what we teach.
2:02:59
I teach nobody to leave their coins at Caleb and Brown and if I'm not teaching that, then then that question becomes irrelevant, doesn't it?
2:03:09
How do we know our coins are safe at Caleb and Brown your coins are only safe when they're in your possession?
2:03:17
I will say it again. If the coin you bought is not in your possession, you do not own it.
2:03:24
If your paycheck, if you work a job and they deposit an A, C H, or they write you a check on Friday, or once a month, and you go put it in the bank, you do not own it.
2:03:39
What are you talking about, J? Of course, I own it, it's in my bank account. It's not your bank account.
2:03:47
You guys have gotta wake up, do some homework, turn off the idiot box, get away from those headphones that you constantly have going in your ears with your favorite music, and you've gotta go learn some stuff. The world is changing right in front of you.
2:04:01
The transfer of wealth is happening right now, right in front of you.
2:04:05
And you've got to speed up you've got to really speed up, go read the dodd frank Act which used to be the Consumer Protection Act, go read that and find out. It's not called a bank account anymore. It's called a deposit account and you're a third party creditor to your own money.
2:04:22
It's not your money when you put it in the bank, If those coins are not in your wallet where you have the keys, they're not your coins.
2:04:31
Hear me loud and clear today, please?
2:04:35
George tell everybody.
2:04:36
What happened to the one exchange that was holding? I don't know what it was iOS Te.
2:04:42
Oh yeah, BIS best dot com.
2:04:45
That was where I held my iOS T in the beginning, because it was really the only place that I could find, and then when I found that there was a way that I could hold it on my own through a wallet because time progressed and so did the technology. I took it off, and I'm glad I did, because if you go to ... dot com, it's no longer there. It was taken over by the Chinese government. And good luck getting any type of getting your coins back as you just sprint, we're not going to be able to do that there. I know of three people in this group that had that happen. And so that's why I always recommend that you hold them on your own, because if you don't hold them, you don't own them, and it may not be convenient. And, you know, you may have to buy something and figure out where to put it, but, but you know, being secure, being safe isn't necessarily always convenient. So you just have to make that tradeoff.
2:05:47
Which do you want more convenience or security?
2:05:52
Now, let me come over the top.
2:05:54
Let me come all the way over the top of giorgia's story.
2:05:58
I'm going to one up, George here after I asked him to go through that story, you guys remember a company called Mount Gox?
2:06:06
Did you know? I do think that did you know that in 2010 when they went down, And nobody even knows why they went down by the way.
2:06:14
Nobody even knows why the network went down. Like, that's never been made public. They're just gone.
2:06:20
Now many Bitcoin, they have on their platform Who knows somebody tell me I'm gonna wait for just one second for you guys to tell me how many Bitcoin and if you're Googling it, you're cheating.
2:06:32
How many Bitcoin, nope, not 50,000?
2:06:34
That's a good guess, Not 50,000?
2:06:38
No guesses, just one guess of 50,000. How about 150,000 Bitcoin They had on their platform when they went down that the Chinese government, excuse me, the Japanese government, has had control over since that day.
2:06:53
By the way, while I'm talking about it, you might want to do a little homework on Mount Gox to see that there's about eight point four billion dollars worth of Bitcoin about to be paid out to people that had an average price of $400 per bitcoin.
2:07:12
What, what, are you talking about Jay, I'm talking about the fact there's a whole group of people that have been waiting for 11 years To get any kind of payout and when their bitcoin went down their big home is worth $494.
2:07:29
There's a payout come into the Mount Gox Crewe probably this month.
2:07:34
Do you think, if you were, if you, do you think, if you lost your Bitcoin in 2010, and it was worth $494, and then you got it back in 20 21. Or even a portion of it back in 20 21, and the price was 63,000.
2:07:51
Do you think you might sell a Bitcoin, or to, do you think you might take some profit, eight point four billion dollars? You want to see Bitcoin go down.
2:08:03
You wanna see Bitcoin Godown hard and fast and understand really what liquidity is all about what it's not about, wait till Mount Gox, does this pay out?
2:08:13
It's going to take a lot of people by surprise The fact that I've now spoken to you about it in the Live Stream is should not take you by surprise.
2:08:21
If we, if you sell your Bitcoin, because I sell my Bitcoin, I've already told you where I'm selling my Bitcoin.
2:08:28
I've been telling you for seven months, where I'm selima Bitcoin.
2:08:33
And guess what? We're almost there?
2:08:36
Point.
2:08:37
You mean, seven months ago, I gave you a target and we're almost there?
2:08:41
We've come within $5000 of that target point point, which person on YouTube, told people it was going to 55, 60 K.
2:08:51
Just, just name them right out. I'm interested to look at their channel, just, go ahead and just put them in the chat? I'll wait a minute.
2:08:59
Nobody, Nobody?
2:09:02
Seriously, nobody, come on.
2:09:05
There's gotta be, those guys got three, 400,000 viewers, gotta be some people there, that news, going to 55, 60 K, couldn't have just been me.
2:09:17
So here's my point.
2:09:20
I'm I am talking to you now about the fact that there's a zero point four billion dollars worth of sellers coming to Bitcoin.
2:09:29
That interests me more than anything Janet Yellen has to say.
2:09:34
Anything she has to say I'm not interested.
2:09:38
She's a talking head, she's told what to say.
2:09:41
They're going to do what they can do to manipulate the price of Bitcoin.
2:09:44
We know that, but but eight point four billion dollars worth of sellers Eight point four billion dollars of Bitcoin. Are people that want to take their profit after 11 years?
2:09:55
That interests me, and it should interest you, too.
2:09:58
So if we'll go back if Enough we sell our Bitcoin It's 6360 to 65 anywhere in there.
2:10:11
I've already told you, for me, that's 34 times my money, on some of those Bitcoin, and on some of those Bitcoin, it's 15, 18 times my money.
2:10:20
If you do that and the price goes up another 15,000 and you're sauer about it, you need to quit being an investor.
2:10:28
Because the moment you get sauer about taking the 34 X profit or a 20 X profit or 15 X profit, you have become the spoiled brat of investing. And they actually put it a different way. Here's how they put it. They say bulls, make money.
2:10:44
Bears make money, pigs, get slaughtered.
2:10:49
And that's being a pig.
2:10:50
That's saying, I'm not happy with my 34 X because if I stayed in I could have got 37 X. I could have got 30, 4.5 X.
2:11:02
I'm just not happy.
2:11:04
That's being a pick.
2:11:06
I'm telling you today in this live stream if you if you're if you become a pig, you will get slaughtered.
2:11:14
The moment you, you, you become that pig the next time around, you, second guess, your every decision, and you go, But last time, last time I sold my Bitcoin, and man, it went up $10000 more. What if that happens again now, and I sell it now? I mean, I'm up 10 X, but what?
2:11:32
But what if, what else?
2:11:36
See, I have a plan.
2:11:38
My plan is enough.
2:11:40
If everybody talks about the liquidity swap to me, when you guys mentioned it to me, you talk about it like it's fact. When I talk about it to you, I talk about it like, it's a mystery. Is it going to happen? Is it not going to happen? I kind of expect it's gonna happen.
2:11:55
We've seen quite a few in the past bull markets.
2:11:59
But if we get a liquidity swap, I plan to sell every crypto I have because the dollar amounts too big for me to ignore.
2:12:08
It's just like the people in. If you look at the blockchain that are holding bitcoin at 65 K, there's a lot of people that become billionaires. They've never been billionaires before. I think that number is too big to ignore.
2:12:22
But you may have just bought your crypto a month ago, so that's why I'm telling you, you gotta trade your portfolio. I have to trade my portfolio.
2:12:30
But if we get the liquidity swap, I sell every single crypto I have, some of them are going to hit my target.
2:12:36
They're going to hit it like to the to the T Really, to the T they're going to hit my target.
2:12:42
You've already seen examples of that this year to the T they hit my target. Some of I'm going to over perform.
2:12:49
We might get to capture some of that over performance. I don't know. It's going to be a fast moving time in crypto.
2:12:56
Some of them might only make it halfway to my target.
2:13:00
That's why I try to pick coins. That can outperform when I'm looking at an all coin. I like to pick a coin that can outperform Ethereum.
2:13:08
So, if I choose to put my money in an alt coin that could maybe go 70 X and I get halfway to my target I got a 35 X which outperformed the 25 X I was getting at Ethereum.
2:13:21
Otherwise, I should have just had my money in Ethereum so there's a lot of moving parts as an investor.
2:13:28
I teach you guys from the very beginning that what you want to really hone in on his allocation. It's the one thing everybody screws up.
2:13:37
People come on the live stream, and they go, They go: I got $10000 bonus, and I'm just wondering if you could put it in one crypto. What would it be? What they're trying to say to me is I'm a gambler.
2:13:49
I want to walk up to the roulette wheel And I want to slap this $10000 down and I want to be successful. Can you tell me which coin it is?
2:13:59
Or, they'll or, they'll send me a message and say, Hey, I just got $10000 bonus and I was thinking about theta fuel, or P P T Or did you buy? What do you think? Which one would you go in?
2:14:12
No, I'm not quite my standard answer is on, on every single time.
2:14:17
My standard answer is if those are the three you, not me.
2:14:23
You are thinking about what's wrong with all three.
2:14:27
What's wrong with all three?
2:14:30
Well, but Jay, you have a target on theta fuel of $2 plus.
2:14:36
So why wouldn't I just do that?
2:14:37
one, well just because I have a target, Gaza, I'm looking around hang on a minute let me move some stuff on my desk here. Just trying to find my crystal ball.
2:14:47
Oh, ****, I don't see it.
2:14:50
No crystal ball I'm giving you a target the best I can Most of them get hit Some of them over reform, some of them won't get hit, some of them will change Some of them will change up, some of them will change down Because You can't hang on that and go. That's my coin. I'm gonna go gamble under that one, let me sell off these other things.
2:15:13
I'm putting it on theta fuel and you know what? You miss?
2:15:17
Did you buy and did you buy over perform to a dollar 12 because you were going to go inside of fuel and theta fuels. The one J was so hot.
2:15:25
By the way, I got all my theta fuel a lot cheaper than today's price.
2:15:30
I'm not buying theta fuel at 14%. I was buying theta fuel at 2% at 3% at 4%.
2:15:38
I had a lot of food of fuel for free to average my price down to one sentence.
2:15:42
My average price is below a penny on theta few because I got paid 5.5 a million of them when they gave him away for free.
2:15:51
I think it was 5.5, 6.5 million. I can't remember there's a bunch.
2:15:55
There's a lot of crypto is awesome.
2:15:58
OK, you guys got me on a rant there. Sorry about that.
2:16:03
I hope you learned something you typically do.
2:16:07
Let's see here. How do we know our coins are safe? We did that. I have my coins at Carolyn Brown to be ready for the liquidation swap.
2:16:14
Is this not advisable, even if it's for the short-term?
2:16:18
No, that's up to each individual. You do eventually have to trust Caleb and Brown and put your coins there to be ready to sell. I have not moved anything over there yet.
2:16:29
The liquidity swap.
2:16:30
If we get it, see again, you're looking at it as it's definite.
2:16:35
So I got my points there, I don't have any coins there for the liquidity swap.
2:16:41
Liquidity swaps don't happen in one day.
2:16:44
Liquidity swaps, almost every single one of them has been a, has been between 18 and 24 day swap.
2:16:51
If you get, if you look at your Bitcoin dominance chart and we break that line, it's not going to break the line and go all the way to the bottom in one day.
2:17:00
It's probably going to take about three weeks to get down to the next line of support. Maybe 2.5 weeks, maybe 3.5 weeks.
2:17:08
So you will have time and the market will signal.
2:17:11
You'll see this happening.
2:17:13
And you'll go, oh my gosh, because it's all right in front of you and you can then begin to move your coins. For liquidity swap. Let me give you a tip.
2:17:22
The coins I have that are going to be the largest positions, I don't want to say the number, the largest positions.
2:17:31
Those will be the ones that go first.
2:17:34
Not the smallest positions I want to capitalize.
2:17:38
In other words, if you had a position that, that was worth 100,000 during liquidity swap, and you had a position worth 15 million, or 25 million, or 50 million.
2:17:49
Which one are you selling first, $100,000.01.
2:17:52
So make sure you have, when you do move your coins and you do do this, make sure you have a plan in place with your broker.
2:17:59
I've discussed my plan for selling if we get the liquidity swap with Jeff over the course of about 10 hours for the phone call.
2:18:10
And I have a plan in place.
2:18:12
And we already have everything. It's all in place.
2:18:16
You guys have got to do that for yourselves.
2:18:20
Let's see here. Do you happen to know if the minimum state for T fuel, we already covered that?
2:18:27
George just found that it was down to one thousand.
2:18:32
If you take your tea fuel with G pull, once they are for the new service, can you still run edge nodes on your personal computer and let people run the elite edge node and direct all funds to one? Wow, that's on you.
2:18:44
George: Yeah, you know, you can have multiple wallets on on the Theta network so I wouldn't necessarily put it all in one wallet depending on how many coins you have. So it, you know it depends on how many coins you have but yes, you can run an edge node on your computer at home and earn extra T fuel. So I would recommend doing that even if you're running something on on ....
2:19:11
Tracy says, Strays, she'd been here a long time. She says that if you'll just hit the price up all Theta for Serendipitous.
2:19:19
By the way, my wife really enjoyed the one-on-one with you this week.
2:19:23
Really, really enjoyed it. She, She was all smiles, Tell me about it.
2:19:28
She's very proud of the progress you've made the last couple of years and the stuff she's helped you with.
2:19:36
I just call them via phone. Couldn't get unmuted. OK, I'm going to try to unmute you again, Mike, we'll see if we can get you on here.
2:19:42
Then we'll come back to your guys' questions.
2:19:50
All right, I got you unmuted, Mike. Are you with me?
2:19:53
Yes, I sure am, boy, talk about being frustrated, trying to be a quote to webinar. I've tried everything Is OK, buddy, we got you. So, listen, I wanted to bring Mike on for a minute, because I had a private conversation with him in the last week.
2:20:10
And, know, Mike heads up as the admin, who's very, very active in the telegram groups.
2:20:19
I think he's kind of brought a bad job on himself, but he's certainly been a big help to us, and that I want him to uphold an telegram group.
2:20:32
The four rules that we have, no politics. No religion, if you want to talk about that garbage, you can go to any Twitter feed.
2:20:41
Any whatsapp, you can, I mean, you can go anywhere else, you wanna go and talk about that. That's not what our telegram channel is for. So, go pick a different one.
2:20:50
No bringing in confusing information from other teachers, if you want another teacher, go get another teacher, don't bring their information into our Telegram group. So we've got a few rules: note bashing, one another, no arguing, fussing, fighting, cussing, all that garbage. So Mike up holds that the Telegram group.
2:21:09
And he shared with me, and I'm here to share with you guys, and I wanted to Mike to be here to back me up on this, that there's a lot of people, a lot of people that have dissolved their corporations, They set up with John Jay.
2:21:25
I think most of them's. Most Adams frustration is the fact that they go in. They try to get a bank account that go in to try to do something with their LLC, and they can't do it.
2:21:35
They can't get John on the phone to answer their questions.
2:21:38
They can't get John on a live stream to say, What do I do? I've paid this money for this product, and I can't use it.
2:21:45
And so, they've been a little frustrated.
2:21:47
And, I think that what the conversation came about between Mike and I, was because he just basically took the one course I did.
2:21:59
I did one course, Call it a trust course. And I kind of named it Live Your Life in and out of a Trust. I've been doing it for 10 years.
2:22:07
I taught everything you could teach for 4 or 5 hours on that. I took questions as well.
2:22:13
And, in the course, I provide you with a trust.
2:22:17
So, for, for less than the cost of setting up a Trust, with a lawyer, you get a trust and a complete course on how to do it. So Mike reaches out to me and says, Man, I'm getting so many messages are so many people frustrated with this And, you know, what should I do? And I said, Well, why are they not using the trust? And he goes, I don't know.
2:22:35
And I said, Are you using the Trust My cases? Yeah, because I just set up a bunch of new trust.
2:22:39
So tell these guys, my, this week in the, in the past week without calling me and asking me all kinds of questions without, like, needing my help with anything. What, what did you do for yourself this past week? Mike?
2:22:51
Tell these guys.
2:22:53
Begin with it. had been so long since I actually listened to your video. So I went back through and lifted approximately three hours. But it was very entertaining, again, as all of your videos.
2:23:07
So, after doing that, I went ahead and pulled up the document, and, frankly, within an hour, I had to complete different all that up and ready to go to which I took to the UPS store and ended up having my wife and I go there.
2:23:28
And they witnessed the signature. They went ahead and notarized the doc.
2:23:34
From there.
2:23:35
It was. It was so simple. You know, it was idiot proof following year.
2:23:40
Lead on this because these documents have in red.
2:23:45
The areas that you need to change for yourself.
2:23:48
That's what made it so simple and quick for me to process.
2:23:52
And then after that, the next day, I started going to bank.
2:23:57
Well, then I have, so I've got to two separate drought. ...
2:24:03
now set up it five different banking institutions.
2:24:07
And just to give you guys a little tip, you know, I know you're, the bankers tend to try to ask you a lot of questions.
2:24:17
Why nip that in the bud to begin with? And this is how I did it.
2:24:21
I told them, look, I'm in remission and I'm trying to set up every, all my affairs for my family so they don't have to go through any probate issue. And I tell you what they bent over backwards, trying to help me.
2:24:38
And, it was so simple, you know, I mean, that's a tip for you guys.
2:24:43
You know, No one can tell whether you've got cancer in every measure, you know?
2:24:50
But it's a little, simple white lie, and they'll bend over backwards.
2:24:54
I tell you, I had a regional manager yesterday at one of the federal credit union, you know, that, just, Oh my God, he couldn't couldn't do anything more to help me, you know.
2:25:05
And I have the same situation at a, another federal credit union, so I've got multiple federal credit unions and multiple bank account.
2:25:15
All right, Here's a question for you, Mike, right there.
2:25:20
Now, with an LLC, you've got to place your institution, it's kinda like when you walk in a courtroom, and you walk past that bench.
2:25:31
The judge almost always asks the person walking past the bench, a question or two as they enter the kingdom, and then the judge says, Do you understand?
2:25:45
And when that person says, yes, I understand, they are basically saying, I stand under your Authority, mister Judge, you've walked past the bench.
2:25:58
You now stand under the authority of the kingdom.
2:26:03
You guys are going to need to research the certificates the first time you've heard it.
2:26:07
Same thing, when you, when you set up an LLC, you've got to go place your entity under under, you are placing it under the authority of the state.
2:26:21
On any of these trusts you set up, Mike, And I'm assuming you've done some before recently as well, maybe.
2:26:28
But on any of these, did you have to register them with any state? Did you have to, like, place them under the authority of any state institution?
2:26:38
No, I sure didn't. J And, frankly, Using JJ. Yes.
2:26:43
As I went ahead and set up some LLC, you know, and yes, you know, and I'm almost within a week.
2:26:51
I ended up having letters coming into my UPS mailbox, you know, from that process.
2:26:58
Oh, you know, where the trust, I didn't have to do that at all.
2:27:02
I mean, this is just totally it's a document that the living document that you can continually changing, even after I've gone here. I can come back and change the beneficiary and the him put in there at any time.
2:27:18
It's just so sample guy.
2:27:21
Yeah. It's a beautiful process now, guys.
2:27:24
I have a John J Singleton Trust. I use it all the time. I have bank accounts worth it at multiple banks.
2:27:32
I'm not sitting here saying that you should or should not do that, OK. Obviously, a lot of people have done that.
2:27:39
What I will tell you, though, is for every one LLC, I have, I have 7 or 8 trusts, and in the class, I teach you how to use this trust for far more than just a bank account far more than just a bank account.
2:27:54
The other thing is that when you have assets stored away in a trust, you can eliminate having to go through probate if something were to happen to you, if, for example, your whitelaw turned out to be the truth.
2:28:08
And so just keep all those things in mind.
2:28:12
I'm gonna, I'm gonna give Mike the last word with you guys, just to say to you, that this process is pretty simple, and here's why, here's what I think is, Here's the part that I'm kind of amazed at with the course on the trust.
2:28:26
I have very, very, very seldom had anyone send me a question and say, After taking that course, I didn't know what to do.
2:28:37
I can't set the trust up I couldn't get a bank account. Now.
2:28:41
since I did the trust's since the day that I did the trust course, the banking laws have changed. There are some banks now that will not give you an account.
2:28:52
Unless you turn over the entire copy of your trust, I covered that in the trust course, I covered what you can do to combat that, OK.
2:29:03
There are also some bank accounts out there or banking institutions that will let you set up the trust with nothing more than your form from the IRS with your EIN number.
2:29:15
So that's up to you to pick and go to the right bank. And how much time do you want to spend on this? That's up to you.
2:29:20
I've had people go, I want one bank and they wouldn't let me do it. Well, did you go to five? I don't have time to go to five. Well, you're trying to be successful.
2:29:29
And you don't have time to go to five. That's like people that send me messages. I get messages like this all the time.
2:29:35
They go, hey Jay, These six o'clock in the morning live streams are killing us.
2:29:41
I can't help, but to laugh out loud.
2:29:44
Guys, can I tell you something? The price of success is paid upfront?
2:29:48
Always.
2:29:50
You're going to have to work your little, but to the bone for the price of success, I get up at four o'clock every single morning, and there's people complaining that I hold a live stream at six, and I've already got two hours worth of work done.
2:30:05
Guys. I don't know, anybody here that has any wallets that match mine.
2:30:10
The price of success is paid upfront.
2:30:13
I don't know, too many people in the world as an individual, that their wallets match mine in crypto and yet, every morning at four o'clock, I can't wait to get started. So, when people send me messages and they go, Oh, man, I can you do a livestream at a different job, six o'clock's a little early?
2:30:31
I almost fell out of my chair laughing.
2:30:35
Mike, you got the last word. Tell these guys, did you need to reach out to me for any questions? Or was everything pretty self explanatory And you were able to go get your stuff set up and have you done this before?
2:30:47
Now, I know you just recently did this to add a few trust accounts but had you done this when I did the class year ago.
2:30:54
Now, I did not know, like like you said, a lot of people procrastinate, Well, I procrastinated and I was kind of leaning more toward the LLC operating Multiple Real Estate Corporation or LLC.
2:31:07
So, I could you know, I felt wow, you know, I'm comfortable with that, but you know, once I got the truck, it's idiot proof. I'm telling you, I did not have to call J, I get the half that even questions, anything, you know?
2:31:22
Now Jacob mentioned there, that some banking institutions are now asking for more information, And out of the five banks that I went to, there were only two that require the other, or like the 10 page, document.
2:31:39
In addition, But other than that, the others, it was no problem at all.
2:31:46
It's simple, in my opinion, this idiot proof, if I can do it, I'm 68, you wrote a little guide. If I can do it, you can do it.
2:31:57
What does George have?
2:31:58
one more thing, Jay, Can you also let everyone know that the countries that you know of that have people have successfully set up the trust just so everyone don't know?
2:32:13
Yes, though. All I'm doing is regurgitating feedback that I've gotten I've had people tell me they could not set it up in Canada.
2:32:21
I've had people tell me they have their set up in Canada, and they love it.
2:32:25
I recently, for the first time, maybe a month ago, had someone who reached out to me, and I posted it in the patron.
2:32:33
They were able to set up two of my trus, no problem, with no problem at all, over in Australia.
2:32:40
So those are the two I know, of everything else, I don't know of.
2:32:43
And I've only ever promoted the trust course, or that trust, to be for people living in the United States. Now, if your country has a trust process, I can only imagine, it all works very similar.
2:32:57
Maybe with a few caveat changes, but I'm not promoting the product to be perfect for every country, but I am promoting it to work in the United States.
2:33:06
And for those that have done it, I've really never had anybody come back to me and say, I bought this course from you, and I got this trust, and I can't use it. Not, has not happened one time.
2:33:17
Not happened one time.
2:33:20
Mike, thank you so much, buddy for coming on. I appreciate you bringing that to my awareness this past week, and I appreciate you being willing to share with folks.
2:33:30
You're welcome today. And there was frankly an easy process for me to also take my doc, combine them together and send them to Calibrate Brown. And within 24 hours, I had to account open and ready.
2:33:45
That's a beautiful thing.
2:33:47
We'll talk soon. Buddie, thanks for all you do.
2:33:50
You bet.
2:33:52
All right, guys. So someone else is saying, Well, you know, what, what does Caleb Brown do?
2:33:59
Have you noticed, we did a live stream this week with Caleb Brown.
2:34:02
It's on YouTube, it's in the patron.
2:34:05
It's everywhere. What does Caledon Brown do? Caleb and Brown allows you to buy and sell crypto through their brokerage house, which is a boutique broker.
2:34:16
And you may think today, you don't need them, until the bull market really kicks in and you can't liquidate your crypto on Coinbase. You can't liquidated on exodus. You can't liquidate it on by Nance, you're locked out from everywhere.
2:34:32
Because let me tell you something, when I got contracted with Morgan Stanley, they introduced me to a firm in the Cayman Islands and I later got contracted with this firm.
2:34:42
When I got contracted there, part of the actual contract stated a whole paragraph that I had to sign off on, said if you have a customer you're working with and you're working with them, make to make a big transaction on a really busy day in crypto. I'm giving you the paraphrase. We're going to close the front door. And only the backdoor will be open for our largest clients. Or sorry, you won't be able to process your order.
2:35:07
And I had a sign off that that was OK, do you not think that's happening at every single exchange when you go there and it says United States citizens can exchange card on? Oh this time, we're looking into it. We'll get back to you in a week or two.
2:35:24
Guess you're going to need Kayla brown.
2:35:26
Those of you that think that the stove is not hot and you gotta go touch it yourself. God bless you. Have fun with that.
2:35:35
I know we're supposed to keep our own coins. Do they just assist you with getting the coins? There are brokerage guys. They are a brokerage go look at the patron. We got 1400 posts in the last week. We had a full live stream of ... Brown, go listen to it.
2:35:55
Hi, Jane. George, I got my flamingo at Caleb and Brown, I was not able smart enough to create or find the appropriate. Well, it's called Neon.
2:36:04
The Neon wallet Ni in E O N Neon. There's also George what else?
2:36:12
I prefer Neon than the Neon wallet.
2:36:15
Get that up.
2:36:16
What are the other three, though? We had three more always, or those?
2:36:22
Something to wallet, I forget what they were. We used them during the swap.
2:36:26
Yeah, that's the three wallet which I liked, and then I didn't like because it it took away it said you could use ledger, and then it took it away. And so that's why I try to keep with one wallet.
2:36:38
So I'm I'm familiar with it, and I like the Neon while at the best.
2:36:43
Man. We got us alive on here today. Robin must have like 97 questions in here good for you, Robin for speaking up and asking your questions.
2:36:52
Oh, Let say?
2:36:54
Chris has go and Jay did say it Ryan says God shows you things I don't know.
2:37:03
Will you re-enter Bitcoin after selling at 63, if yes, wherever you re-enter? So I have talked about this as well I'll just briefly covered again I do not plan to put Bitcoin, back in my tradeable portfolio.
2:37:16
Bitcoin currently is in my tradeable portfolio, and that can be there's a distinguish distinguishing factor between your tradeable portfolio and let's call it a portfolio of store of value.
2:37:31
So once I once I leave Bitcoin this time, my, the next time I go into Bitcoin, it will be for store of value Meaning this is there anybody here who thinks that in the next decade pick that gold? Mike could double its price, anybody at all?
2:37:48
Probably is.
2:37:50
With that, being the case, if you have your money in crypto, and you earn 100 fold return on your money and you then have, you go, Look, I don't have a place in my life, I don't need a lambeau right now.
2:38:07
I don't need a Mercedes 6 by 6, I don't need a new mansion, I don't need a new employee. I don't need any of those things, I'm good.
2:38:15
So I've got all this money. What do I do with it?
2:38:19
Well, if you want to store the value of it in something.
2:38:22
If you've got a 100 X return on your money, and you think gold might double its price one time in the next 10 years, and you say, I don't know that I'll need this money for 5 or 6 or 7 years. So now you're looking for store of value.
2:38:37
You could put that money in gold.
2:38:40
And if you at least got a one X return on your money, do you know you just took your 100 X return, and it became 200 X Just by storing it in gold, does too, see, guys understand this?
2:38:57
This, I mean, people don't even think like this.
2:39:00
You got $10000.
2:39:02
You got 10 grand. You got paid at your job, you did a job, you got paid in your business, Whatever it is, you got 10 grand.
2:39:09
You're gonna go put it in in gold.
2:39:12
If you go up, if gold doubles, you got 20 grand, don't you, but you only made one extra money.
2:39:19
If you have 10 grand and you go put it in crypto and you make 100 times your money over a bull market, let's just call it over a bull market, maybe over two bull markets, I don't care.
2:39:30
Then you're up 100 extra money and you go take your money and put it in gold and the same day that you would have put your $10000 in gold doubles.
2:39:38
On one scenario, you went up, one X, on the other scenario, you just put a 100 X to a 200 X that out earns any kind of inflation bug you've ever seen.
2:39:52
Anything you can think of, inflation wise, you just out earned.
2:39:56
And you guys know, I'm an advocate to out, earn the problem, Whatever the problem is, Jay Gas is too expensive, who who noticed?
2:40:05
I didn't notice milk's gone up to I didn't notice.
2:40:09
Jay, you realize the lights are on outside your house all the time. I didn't notice.
2:40:15
I'm a wealthy person. You know what, a guest. Let me, let me talk to you for NaN.
2:40:21
Go back and look up the word wealthy.
2:40:25
The word wealthy comes from the wealth of water.
2:40:29
That's why it's called a well.
2:40:32
You are wealthy because you've tapped an unlimited source of water.
2:40:37
If you look at yourself as wealthy, you do not care what the price agassiz. You do not care if the light was left on in your house. You do not care.
2:40:47
I'm not saying that there is a difference between having wisdom and all the rest, but if you're gonna have a wealth mentality, you only look.
2:41:00
The only thing you ever look at is opportunity cost. You never look at hard cost.
2:41:08
Hard cost is, well, Jay, Jay, call $77 to be engaged room, I'm in that sets a thousand dollars a year.
2:41:14
I don't know that I can do that, OK. So you miss out on the opportunity cost of the fact that you could have been in T feel at 3%. You could have been in did you buy a penny? You could have been in V I D T for 50 times your money. You could have been in Cardona for now, 77, 80 times your money, You could have been an Ethereum, but you missed it, because it was $77, that's called hard cost.
2:41:40
The guy who has a well and is wealthy, has unlimited water, he wants everybody to be able to take a drink.
2:41:48
Versus the guy who has one million dollars, the guy who has one million dollars, that's just, Yeah, he's got one million dollars, that's not wealthy.
2:41:57
So, what I'm talking about, when I come out on YouTube, and I'm saying to people come over and talk to the group of folks who are working with, we're creating wealth, We are creating one well, after another one, Well, after another. The anybody that you want to bring along can drink from, because, guess what, it's an endless supply.
2:42:17
It's an endless supply.
2:42:18
So understand the difference between having Bitcoin in your tradeable portfolio that you go in and out of all the time and your store of value portfolio? I do not plan to put Bitcoin and do remember this when you hear me say I do not plan. I do not plan.
2:42:37
I have taught for three years now. Give yourself permission to change your mind.
2:42:42
Give yourself permission to go back and do it different.
2:42:45
Give yourself permission to have a Plan B Because when I say to, I don't plan on it. That's based on what I see in the chart today.
2:42:55
But what would happen?
2:42:57
What would happen if I exited Bitcoin at 63, and all of a sudden Mount Gox came out, released all the coins $8 billion, hit the market. And all of a sudden, Bitcoin was back at 4000 Bitcoin, would all of a sudden, become part of my tradeable portfolio again because now the X factor to the upside just increased by a factor of 2 or 3.
2:43:19
So, understand when you hear me talking And this is the this let me let me just tell you guys how silly human beings are.
2:43:28
They come to patriarchy and they go. I'm gonna join up.
2:43:31
Just saw Jay on YouTube, OK, great.
2:43:35
You and patron is flashing paragraphs of sentences in front of you.
2:43:39
They say, understand this, you're signing up for this, you're accountable for it, you can get your money back da, da, da, da, and they join and then never read any of it. That's how silly human beings are.
2:43:51
I come out here and I say stuff all the time and I say yes.
2:43:56
Yeah.
2:43:59
And nobody hears the word if I'm actually stressing it. Just like that I go if we get a liquidity swap.
2:44:06
I'm using full-blown voice infliction over the internet to make sure to drive the point home.
2:44:14
Then when you guys come back to me, here's what you say. Well, when the, I've got my coins at Caleb and Brown, because I'm ready for the liquidity swap and when we get the liquidity swap next week, here's what I plan to do and I go, Wow. You got all that from an ...
2:44:29
Really.
2:44:30
It's very silly.
2:44:33
I've got another word I'm going to refrain from using, but it's very silly.
2:44:39
Please put $1 in the cussed jar.
2:44:46
You sound like you sound like jerky, sometimes I've called Georges George's House and I'll say, Customer, not a norm on speaker, and he goes, Is done. I'll come and go. He owes me some money.
2:44:57
He does.
2:45:01
I try to keep it professional in the air, but I got a little bit of a mouth from time to time.
2:45:08
You keep saying liquidity swap. What exactly is liquidity swap?
2:45:13
Robin, you must have joined up, like, five minutes ago.
2:45:17
Do you have any thoughts on F L M? Yeah, they're all on patron, liquidity, swap. I've covered it, and Pedro on non-stop, go there, and, literally, watch the video.
2:45:26
There's a There's a video there called, You can do a search in patron.
2:45:31
So in the end, the patron, you can do a search.
2:45:34
And you're searching for a recording I did a couple of weeks ago called Demystifying the Liquidity Swap.
2:45:42
You can learn all about it.
2:45:46
Can we do one-on-one with other people on your team, your booked?
2:45:53
My wife does one on ones for women and couples.
2:45:57
She does crypto 101. She does spiritual one-on-one.
2:46:00
She does mindset Just ask anybody here that's have one with her, and they'll tell you that it is, she should be charging triple.
2:46:11
George will do a one-on-one when it comes to tech.
2:46:14
Other than that, I'm not available guys. I'll tell you something I am considering, though.
2:46:19
I've got a backlog of about 30 people that want to do a one-on-one, and it's the worst, it's the absolute worst thing I can do with my time. I got to a point where I was charging $1100 for one-on-one, and it was the worst thing I could do with my time.
2:46:36
So, what I am thinking about doing is throwing it out there, too, where if people want to come to a group one-on-one, when I do a one-on-one, I have a message for the people I'm doing the one-on-one for.
2:46:52
George, do you remember, I took you through this? It took us about an hour and a half, and I took you through my message, and I gave you a 10 year roadmap. Do you remember that? Yeah, I absolutely do.
2:47:01
That is a basic message I have for every person that does a one-on-one with me.
2:47:07
And E, then there is always a little bit of Q and A Well, what about this? What about that?
2:47:14
So, maybe I'll do a three hour, 3.5 hour one-on-one with 10 people, 15 people.
2:47:24
And so I get my message to you, and build your 10 year roadmap, which works for every person.
2:47:30
All you have to do, is plug in your numbers, And then at the end of that, I do a Q&A for an hour or so with those 10 or 15 people, I am considering that. I have not, 100% decided I'm going to do it.
2:47:43
I might do it as a test, and see if I like it.
2:47:48
Again, the one-on-one process, no matter what I'm charging, is, though, it is the worst place I can spend my time.
2:47:57
I'm currently doing two projects for two big firms and their Several hundred million dollars a piece.
2:48:04
So Understand I don't get too motivated to spend 2 or 3 hours on the phone with somebody for a thousand or 1100 bucks 500 bucks or 399 bucks, and on top of that, every week, I'm struggling over the weekend to get my voice back.
2:48:19
So Nothing you can do in your life for money is worth your health.
2:48:24
Nothing so my apologies if you're wanting a one-on-one and we don't have it available for you.
2:48:31
What is your target for OMG?
2:48:35
It's in our patron This is a live stream for anybody that wants to come and I'm not giving out targets to people that came here for free. I don't know if you're here for free.
2:48:45
If you're, if you're in our, if you're in our patron group, all the things you're asking about it there kind of leads me to believe that maybe you're not any suggestion on which banks to focus.
2:48:58
Now, there's hundreds of banks, cows, hundreds, and hundreds of banks, and every area, so you're just gonna have to figure that out. I would stay away from Wells Fargo, Wells Fargo will setup any account you ever want to set up with them.
2:49:11
And in addition to that, there like top of the list for a bank Balan, if that happens, if we get to that point in the United States. And by the way, do you think there might be some thank bail ends if we get to March 15th? And the government comes out and makes a really good quality decision for all the banks and says, we're going to extend the Moratoriums for a whole other year.
2:49:33
And the banks are having to go a whole year on, a whole nother year on mortgages that they don't receive a payment on.
2:49:41
Do you think there might be some valence?
2:49:43
Maybe you guys should be thinking about that.
2:49:48
Do you have to get an EIN you do on a trust you do on an LLC, if you want to have a bank account?
2:49:57
You can get an LLC, and you can get a trust. I, again, I don't like too many entities registered with the state.
2:50:06
I liked the fact that trust is a private document in my desk drawer.
2:50:11
And I teach this, in my trust class, that, if you're gonna have a piece of property, let's call it a Porsche 911 Turbo. Let's call it a, You know, I don't know, whatever your dream is, Whatever your dream car is, call it that.
2:50:26
And you want to hold that in trust, and you want to have the privacy of a trust.
2:50:31
You don't need an EIN number for that.
2:50:33
You might need an EIN number for that way down the road when you go to sell it, but you can always get that then, or, here's another tip for you. Again, I teach you this and the trust class. You can sell your whole trust.
2:50:49
You can sell it trust.
2:50:51
Yeah, you can sell trust, You could sell your LLC, you could sell a trust.
2:50:57
Guess what, if you live in, if you live in the state of New York, can you add a trust?
2:51:04
And you're holding a Mercedes S class, S $356,000 car. Let's call it.
2:51:12
You want to sell it, and the guy down the street from you has been oohing and aahing over it forever.
2:51:17
You've already got it registered with the state, you've gotta played on it from New York. It's all set, set in stone.
2:51:24
And you know this guy down the road when he's a neighbor or you've seen him or whatever it comes along and says, Man, if you want to sell that thing I'm interested in, you go, you know, it's funny. You asked I want to sell it.
2:51:33
Now, and You can sell your trust to him.
2:51:37
You know what he has to do nothing.
2:51:41
He pays you for the car.
2:51:43
he pays you for the trust You go in you change your paperwork, you take you off as the trustee You put him on as the trustee. You do a paper slip on your arm.
2:51:55
Beneficiaries. You might have had your wife or your kids or somebody else on the beneficiary.
2:52:00
You change that to him and his wife and his kids, and you say, here's your paperwork, here's your title, It's already in the name of the trust, the tag's already on it.
2:52:10
You're on your way.
2:52:12
And all he has to do is take that paperwork with him to the DMV, at the end of the year, when it's time to get another tag, and he shows them I'm the trustee.
2:52:21
I'm here to renew the tags for this car being held in trust.
2:52:26
All of this is all my trust class, live your life in and out of a trust.
2:52:39
Let's see here.
2:52:44
Timothy says they also asked the dummy to rising court II.
2:52:49
Don't do that either.
2:52:51
Yes, they do all rise for the Honorable.
2:52:58
I tried three times to get my LP through a trust of yours with Jay, Jay in Canada Again, he didn't get back to me either and helped me finish it because there were problems with the info. John?
2:53:11
Jay gave to put in the blanks the blanks, OK, not bashing John Jay just saying, It's still not done and so I'm going to do it another way, yet.
2:53:24
Now you guys may remember my recommendation to people that were in Canada was to buddy up with somebody in the United States, which, by the way, but Fox did, and he has everything you want to have in the United States.
2:53:41
He has it all.
2:53:43
Uh, I'm just going to say that he has he has it all. Now I'm going to leave a little bit of his private information to be private. He has it all.
2:53:52
Is TD Bank OK with the Trust? I have to there.
2:53:57
I have two there.
2:53:59
What's the difference between Jay's Trust Course and John Jay Singletons Trust, LLC Similar or is it advisable to do both?
2:54:08
That is up to you.
2:54:09
That is up to you.
2:54:12
I guess I'm not getting into my stuff first at John Jay, stuff.
2:54:17
That's kinda like, if I was the owner of the Bitcoin project, I wouldn't want to be giving price predictions of Bitcoin, OK. I have John Jay has trust, I use it. I've had no problems with it. zero problem with it.
2:54:32
I have 10 trusts.
2:54:34
And they're even easier, and they're not registered with the state.
2:54:38
I like it better.
2:54:38
Obviously, obviously, I like it better. I don't like knowing that every year. I get a letter from the state saying you gotta pay this fee and renew this and tell us who all is in your Private Member association. Again, we need to know, is that all the same people? I don't like that.
2:54:55
So, I don't, That's a very small portion of what I used for tools, and you can see a very big part of what I use for tools is Trust.
2:55:04
Why is private?
2:55:07
It's currently private. Look at the new law that they came out with during the last Defense Bill that says, if you have an LLC, you could go to jail for 10 years.
2:55:17
If you don't tell the government, who is the private member Association, who are all the private parties? Did you notice? they said nothing in there about a trust?
2:55:29
Nothing, I'm not saying that Tamara's law, they will say something about a trust but I'm just telling you for now it's not in there.
2:55:37
I like that I like an extra privacy.
2:55:41
How do I get back to the trash recording? I cannot find it. George, would you mind putting that trust class up? I guess you already have.
2:55:47
Yeah, it's right there on our website as the bitcoin academy dot net, that's under courses, right there.
2:55:55
How much is it?
2:55:56
487 person.
2:55:59
You guys can't know that I'm looking into getting an islet trust in Texas, and it's going to cost me $5000.
2:56:07
Because I need the right person to structure it the right way.
2:56:10
$5000, and I can guarantee you, when they get done with it! I probably won't be able to operate in and out of it on my own. I'll probably have to pay them by the hour to help me when I need to do something.
2:56:22
The trust that I have in this class, 500 bucks, you Get The Trust, you get everything all there together. What a bargain.
2:56:30
And as you just heard from Mike, it was the simplest thing, he's done a long time.
2:56:37
Not gonna share the banks and the credit unions who used successfully because Mike, and just like everybody else here, you shouldn't be. You shouldn't be announcing to the world. Know what I know about my mice got one **** of a big portfolio, I mean, uptake portfolio.
2:56:54
Mike doesn't need to come on here and announce. I used this federal credit union and tell you that he might happen to be living in Florida.
2:57:01
You don't need to know, or Mike Lives, he's not going to tell you guys are going to have to.
2:57:05
Everybody wants to be hand spoon fed, like they're sitting in a high chair, get out in your car and go do some work.
2:57:13
You got a bank on every single corner. You got credit unions everywhere. And guess what? Because of this crazy nonsense about coven, you could actually call on the phone.
2:57:24
And probably get more done over the phone. I got an entire trust account setup over the phone, And all I had to do was go through the drive through to fund the account. I did one for me, and one for my wife in the last 30 days.
2:57:36
At all I had to do. I never had to even go in the bank. Everything was signed, done, everything over the Internet. You guys should be using that to your advantage, using the phone to your advantage.
2:57:46
Yeah, and one other thing, Jay, I just want to let people know.
2:57:50
When you buy J's Trust class, these stocks are yours and not to be shared.
2:57:56
So just just know that, you know, this is a class like everything else, it's for you, not for everyone.
2:58:05
Yeah, there's already been some folks that took my trust that they paid for.
2:58:10
And then they went and started groups.
2:58:13
I'm not going to say where, what, Then they're taking that trust, and they're handing it out to people for free. How stupid as that?
2:58:20
Not only that, but this does not anybody have any character or any morels anymore?
2:58:26
Seriously, Someone says, here's your trust irrevocable. Yes, it is. Most people don't even understand the difference between irrevocable, invoke a pen, and a revocable trust. Most people don't understand, I'm sorry, my trust is revocable. It's not irrevocable. It is revocable.
2:58:45
The only difference is an irrevocable trust has a grand tourer.
2:58:50
And when the grand tour puts the assets into the trust, the grand tour gives up all control of the asset. So, let's just say you have a grandfather. There, the grand tour.
2:59:02
They're setting up a trust for the grandson and they go to put a million dollars in the trust.
2:59:09
Once that trust is funded, the grand tour, the grandfather, has no control, ever, again over that asset.
2:59:18
It's only open and available to the beneficiary to tell the trustee. This is what I want done.
2:59:27
That's the only difference. People go, Oh, my God. I don't want my stuff to be locked up forever. I don't even understand.
2:59:33
And people go, Well, how would I learn YouTube 1001 videos about trust on YouTube?
2:59:41
We recently set up a trust with a checking account with no problems. Mike is completely right. You can do this. J is a great teacher.
2:59:47
Thank you, Tom MR.
2:59:52
We also got a trust account set up with Caleb and Brown.
2:59:55
There you go. I have 10, Caleb and Brown.
2:59:59
Calvin Brown has never one time said to me: Hey, you can't have another entity. They will serve as you with whatever it is you need.
3:00:07
We've had, we've had times where we thought we were going to sell an asset. And we all moved it to Calvin Brown in calama.
3:00:14
Brown had to do hours and hours of work for hundreds of people to move all their assets into Caleb and Browns, protection to sell it. And then we decided not to sell it and everybody moved it back.
3:00:26
Carolyn Brown, never set us thinking Word and they have to manually do most of that and verify it and how many hundreds of e-mails that go into that, can't say enough good things about them. So, to clarify, you hold crypto in your personal wallet.
3:00:42
Then, send it to Caledon Brown when you need to sell. Yeah, that's exactly it.
3:00:48
And when I need to buy a crypto back again, I buy it from Caleb and Brown, and I have them send it to my personal wallet.
3:00:54
If they're holding it, I don't own it.
3:00:59
Cut, Slav says thank you dearly. God bless. you. God bless you.
3:01:03
Brother, sister, I don't know, Kozlov, is that male, female. I don't know.
3:01:09
Beautiful thing about the internet.
3:01:11
For bench team members that can't use Caleb and Brown due to the state we live in. Do you have any recommendations for us? Do we sell early before targets hit to give us more time to sell?
3:01:23
Let me, let me give you a different scenario You guys ever gotten in your car. And you're going down the highway. And you see that little sign on the side of the road, that says, 65 miles an hour. You guys ever done that and you look down, and you go, I'm going 70, but I'm a little late not only to get there.
3:01:40
Anybody ever done that?
3:01:42
It's called Bend in the rules.
3:01:45
Maybe it's called breaking the rules.
3:01:47
But I know very few people that don't break that rule, you ever been filling out a tax return, and you said yourself, Yeah, well, maybe I probably got this right off. Maybe I don't have this right off, but genomics, see what I can get away with. And you bent the rule, you broke the rule.
3:02:03
I'm just giving you some of some examples. There's all kinds of places you can break the rules.
3:02:08
If you don't think people break the rules, just go watch a basketball game, go watch a football game, that's what penalties are all about. Somebody broke the rules, so people break rules, people, bend rules.
3:02:20
So guys, if you live in New York, find somebody that doesn't live in New York.
3:02:26
I have a family member that lives right in the heart of New York City, and you know what they did?
3:02:32
They used my address, my address.
3:02:36
in the state.
3:02:37
I happen to have a residence and they set up an account at Canada Brown using my dress.
3:02:43
Well, what about their ID.
3:02:46
What you can't move if you were gonna go set up an account with Caleb Brown, Brown is going to say to you Hey, we can't do this to get a new ID. No. You could have lived in New York your whole life, and you just moved to Atlanta Georgia.
3:03:01
That's perfectly acceptable. I'm not going to give you a hard time.
3:03:05
Look at what the rules are, and figure out a way around it.
3:03:08
When you're in your car and you see that speed limit, sun, you figure out a way around that.
3:03:13
Most people will know, you can go 6, 7, 8 miles an hour over, and they're not going to mess with you.
3:03:19
So a lot of people just basically do that.
3:03:22
Guys, you gotta, you gotta engage here, get down the 50 yard line and get in the game.
3:03:31
The reason, the reason I'm needing to go back and listen to the recording is, I'm not sure how to open a trust bank account at the bank to deposit funds and stay under the radar.
3:03:43
Yeah, I went through the whole bits, not hard.
3:03:47
What is the liquidity swap? There's a video in the patron out about it.
3:03:56
This person says, I love Jesus but I cuss a little.
3:04:02
How do I get in touch with your wife?
3:04:05
Um, on our website, you can book a one-on-one with her there.
3:04:14
She's a little overbooked right now, by the way.
3:04:19
Thank you for the recent fireside chat, Jay. Talk about life changing thinking.
3:04:25
I'm so excited to bless those around me, What a powerful tool we've been given. Thank you again. You're welcome, Tom.
3:04:33
Miss Neo, so money Z is talking about my wife, Miss Neo, is amazing.
3:04:41
one conversation, and she was brilliant, already changed my mindset. She was spot on.
3:04:48
And so compassionate and non-judgemental, I feel so blessed that I got to spend time with her.
3:04:54
How do you think, I feel?
3:04:57
And I agree with everything you just said.
3:04:59
I try to spend every minute I can weather?
3:05:05
3.5. 10 on 1. Sounds great.
3:05:13
Meaning 3.5 hours, 10 on 1 discussion, count me in.
3:05:18
Yeah, so I'll maybe put that together with George and see if maybe the first 10 people want to do that.
3:05:27
Let's see here after a one-on-one with your wife. You feel like you won the lottery, emotionally, spiritually, and mentally. That's from Tracy.
3:05:38
Yeah, sure.
3:05:40
I get as many of them as I can.
3:05:43
I've got one today as a matter of fact, I think about it.
3:05:48
Uh, Cracken now has banking services, Cool, I don't use Cracken, I am laughing J there is only one bank where I live and they turned my trust down. That's why I'm leaving here to join my abroad.
3:06:05
Yep, you're in Canada. I got it, And I think she's in the states, if I'm not mistaken.
3:06:12
I've actually been helping people where John Jay is lacking, people just need a little guidance.
3:06:19
Yeah, I mean, again, he set up my LLC, and I've never had a problem with it anywhere.
3:06:25
I've got multiple bank accounts. I've used it in business. I've used it with PayPal. I've used it with Stripe.
3:06:34
So, wherever I've needed to use it, I used it, and I don't think he set mine up different than anybody else's, just a private member association, LLC.
3:06:45
OK, might not want to read out loud.
3:06:50
And the Funds' never touch.
3:07:01
OK, I think that this question I'm being asked here is by, I don't know if she this person pronounces this money or money? I'm not sure. But if I'm butchering it, please accept my apology. I don't mean to, I'm going to call you money Z, because I like that better.
3:07:22
Um, I would say to you that with crypto, if you're moving your money with the blockchain, you have a lot of options around this question.
3:07:34
I mean, a lot of options, because nobody can monitor that crypto going over a country line, where you might then distribute the money.
3:07:44
So you have a lot of options there.
3:07:48
Robin says, yes, I'm in the patron on my apologies learning as quickly as possible, and it's OK. It's OK. Last, last job due to coven.
3:07:56
Took all savings and entered crypto 300 K. Do my best to balanced portfolio while continuing education. I will continue watching your videos so grateful.
3:08:06
Well, we're grateful to have you, Robin.
3:08:09
And it really is when we're in a live stream like this. And we're already ci's three hours and eight minutes in.
3:08:19
There are some questions, I'm going to point you back to a video, especially if I've just recently done it.
3:08:25
This is one of the best calls I've ever been on, Much appreciated.
3:08:29
You're welcome, Ron.
3:08:32
I have to step away for a moment. So hoping this question hasn't been covered. Also, hoping the question doesn't sound contradictory when you sell all kryptos and have a percentage that you plan to never put back into crypto.
3:08:45
Will unexceptional be to use crypto as a store of value?
3:08:51
Yes, and that is kinda what I was talking about earlier.
3:08:56
I am not a believer in saving something they print every day.
3:09:01
So, we, my wife and I have been waiting three years to take on a couple of very large projects, and our time is coming here, probably by the end of March, first of May April, where we will pull that money out of crypto forever. And we're going to immediately put it into those projects. So, again, it won't be sitting around, I'm not going to be saving it in the bank account.
3:09:24
I'm not going to just be filling good, because I have that much money in a bank, I don't want that much money in a bank ever.
3:09:31
George will tell you.
3:09:32
I'm constantly telling him, George, I don't want any of this money. I don't want this money come into my bank account. I do not want the money. I want crypto. George backed me up.
3:09:42
Absolutely, and that's. I'm in agreement, 100%.
3:09:46
We talked about it yesterday, in fact.
3:09:48
So, for a while.
3:09:50
Absolutely. So, anyway, guys, it's not contradictory.
3:09:55
I would just say to you that, um, I do feel like that Bitcoin and even thorium.
3:10:03
Um, I'm trying to think if there's another, for right now I would say, Bitcoin and Ethereum are a wonderful store of value. Like if you've made enough X factors on your money.
3:10:15
You'd be willing to put it in a bank account savings account.
3:10:19
Then be willing to put it in your own wallet in a store of value like Bitcoin and Ethereum. Just don't be silly about it, wait for a good pullback.
3:10:28
No matter where Bitcoin stops going up, it will pull back.
3:10:32
When it pulls back, then you start your store value trade. You don't just put it right into Bitcoin because you're not going to put it in a bank account.
3:10:39
Put it in a stable coin, first, are you still confident, I'm as confident on the FLN as I am? Any other crypto there is.
3:10:48
It's all speculation folks.
3:10:51
Does FLS make any money?
3:10:53
Is there anybody paying a salary?
3:10:56
How about Excel?
3:10:58
Only a couple kryptos are now making money is PPT, Whacks Token, and there might be another 1 or 2 out there.
3:11:07
They actually have a business and they make money.
3:11:10
Wax token. I mean Whacks, before they move to the Blockchain, they were making one billion dollars a day.
3:11:17
Selling Avatar clothing to the millennials, every millennial. I know they've gotta get there. They've gotta get their video, video game time in every day.
3:11:28
I can't tell you how many 30 year olds I know, sit around weekends, playing video games. I'm going, Are you kidding me?
3:11:35
Seriously, don't understand it.
3:11:39
You got the whole world at your disposal.
3:11:42
You can go create and make unbelievable everything, and you're going to take and add all those hours up at the end of the year.
3:11:51
Call it judgemental. If you want to, it's just not. the time I came from. The time I came from is get your **** down on the 50 yard line, and go do something with your life, you quit cheering for everybody else's life.
3:12:02
Go do something with your life.
3:12:06
You also need to appoint two non family members for trustees on irrevocable trust. Not all of them.
3:12:15
Not all of them.
3:12:20
Thank you for all you. Do J U N George, it's a male name.
3:12:25
Kozlov, OK, I hope I'm saying that correctly.
3:12:28
I'm not, I don't mean to be saying it wrong.
3:12:31
Origen's Serbia but living in the Netherlands or welcome from the Netherlands my friend.
3:12:39
What are your thoughts on Ripple?
3:12:41
Well, it's funny, you should ask my thoughts on Ripple they haven't changed much.
3:12:48
I did tell you guys that from the very beginning that these guys are working together with Ripple, I told you that I spoke with some of my contacts and they told me when this is all over. There will be no case.
3:13:02
It'll all be dismissed.
3:13:04
And in the meantime, the SEC would have accumulated a lot of ripple from the retail customers that sold their rebel because there's now a case against them.
3:13:15
I first told you guys that they were targeting around 12%. That went down to 17.
3:13:22
I've now told you that you want to probably be looking for any drops to 17, 20% for a buy in.
3:13:30
If we can get that.
3:13:32
Notice how I set it off.
3:13:34
I didn't say when we get it. Nobody knows guys, I don't know. Nobody else knows people pretending that they know Run.
3:13:41
Forrest Run, just run.
3:13:45
So now as of yesterday, The Rebel team produced a four page letter of dismissal for the case. And let me tell you something They have a really really really good four page letter that they put out there for dismissal of the entire case, and they probably will get it.
3:14:05
I would not be surprised if they get it and Part of the part of what's the strongest point in that letter is the fact that a couple of years ago They were asked.
3:14:19
The SEC was asked, is Ripple a security?
3:14:24
Can we can we keep taking ripple? Can we keep doing what we're doing?
3:14:29
And the SEC came back and said, Well, we don't really know, so, yeah, keep doing what you're doing.
3:14:34
So, there's a couple of things coming forward like that, that are very, very enlightening, But, again, it all goes back into the narrative that I told you guys from the start, and that is No, this is this is no different than any other game that's being played on Wall Street, guys.
3:14:50
Do you think that the whole GameStop thing do you think all that was what you think it was? I mean 38% of the entire float of that stock was being shorted 38% more than the total float.
3:15:07
That's a game. That's a that's a losing game.
3:15:11
That's a crooked game.
3:15:13
How many more things, shall I say about that game?
3:15:19
Who doesn't appreciate the smart things doesn't deserve the big things we we say in the Netherlands nice. Looks like that's a Different Netherland person. So there's a couple folks here from the Netherlands. Welcome guests from the Netherlands.
3:15:32
Coming in is one of the 10 on the possible one-on-one, gotta ramo.
3:15:39
No, I haven't heard from you lately.
3:15:41
Rima us hope when you were still around.
3:15:43
I don't usually take a tally of food is around and who's not around, but it's good to see your name, my fruit.
3:15:52
I was just thinking about you two days ago, and I thought I hadn't seen a single comment from remote and forever, And I was just hoping you were still around, so it's good to see Who doesn't appreciate little things doesn't do we already did that one?
3:16:07
OK, there is so much value.
3:16:12
You have put together, here.
3:16:14
It is insane and You also have Super high patients level I'm currently taking your intro to trading course.
3:16:25
So this question might be premature, because you probably cover it there.
3:16:30
But based on your total amount, You have invested.
3:16:34
That should basically determine how many coins you are in.
3:16:37
Am I correct in that thinking?
3:16:41
Also, when some of your coins are approaching target and you want to pivot, can you explain the rationale behind where to go? first of all, before I finish your question? Let's talk about the pivot.
3:16:54
There's a lot of people that are all jazzed up about the pivot but let me explain something to you.
3:17:01
Just, like there's proper allocation, there's a time to pivot and a time to not pivot.
3:17:08
Let me give you an example.
3:17:09
Let's say, we do get a liquidity swap.
3:17:13
And you pivoted into 3 or 4 things. And they went way up. And you're like, oh my God, I can't believe this is amazing! Where can I pivot? Now? That's not the time to pivot. That's the time to get the heck out.
3:17:25
I don't care if you go in stable coin, I don't care. If you go in dollars, I don't care where you go, get out of your positions at 50 X, get out of your positions at 37 X, get out of your positions at 91 X, don't be looking for another pivot.
3:17:40
The only reason that I pivot into something else is because I might be in a trade.
3:17:46
For example, one of the last pivots are made was coming out of, uh, what was that last week that we got out from a long time ago?
3:17:56
Oh, Voyageur token, lawyers, token Arda gave you guys the upside targets.
3:18:02
But when you're up 10 X, five X, seven X on a coin that you've been in for three years, and it's no longer anything, close to what's going on in crypto, take your gift.
3:18:16
And for me, I don't need any cash. We're still in a bull market, I'm gonna go pivot into something else.
3:18:23
Understand, understand when you're supposed to pivot, and when you're not supposed to pivot. I talk about it a lot. I think I understand compounding your X factor just wasn't sure if it makes sense to jump into a coin that as well on its way to target.
3:18:39
And we'll get there in a shorter timeframe so that you can then pivot again, or find a coin, that is super low price, knowing that it too long time before its target. I hope that makes sense.
3:18:51
So I think I just covered that for you, Richard, that helps you a little bit with the pivot.
3:18:56
Don't read out loud OK, let me read this one. Hang on a SEC.
3:19:00
Yeah.
3:19:04
Yeah, I think what's going to happen before that happens, Heather, is I'm probably going to stop. I'm going to probably close down.
3:19:12
Association, you know what I mean, like from a business side.
3:19:18
But yeah, I hear what you're saying. 100%.
3:19:21
When digital CBD, Cs are offered in the banks, will we be able to purchase more cryptos with CBD, Cs versus fiat to crypto.
3:19:32
I have no clue.
3:19:35
I have no clue.
3:19:37
Again, I'm looking around my desk. No crystal ball?
3:19:43
I wish I had a crystal ball.
3:19:45
Or big tech, becoming the new banks when they eliminate debt.
3:19:51
Well, new tech, it's definitely becoming big. Tech is definitely becoming your government, and they have for a long, long time. That's how come every sitting president brings all of them, in the minute they come in.
3:20:01
Because they want the big tech to tell them exactly how to run the administration.
3:20:06
Although it looks to the news, and to you and me like, it's the president telling them what's going to happen.
3:20:13
It's all an illusion guys.
3:20:17
Is nios still not divisible?
3:20:20
George? That's a question for you.
3:20:22
Yeah, you still can only send one Neo at a time. If you could buy.
3:20:29
If you go to Finance or something you might get, you know one point X X X, but you can't move the dot X X X, You gotta get rid of it. Or turn it into if it's finance like air-b.n.b.. But yeah, you can only send one neo at a time.
3:20:45
And that's why they have that's one of the reasons why they have gas, because you spend gas descend nao.
3:20:53
So a few more people saying, count me in on the one-on-one. So I'll probably get that set up and we'll try that.
3:21:00
We'll give that a try That might be more acceptable. Let's see.
3:21:11
OK what's going on with litecoin Um, It runs on a blockchain. Every day?
3:21:21
What else would you like to know?
3:21:24
My next upside target is.
3:21:28
About to be updated this week.
3:21:31
That's coming will leak I do think the target goes up from what I currently told you guys.
3:21:37
So I will be updating my litecoin target.
3:21:41
If you look at litecoin's chart, and you look at the coverage I've done on litecoin, in the last couple of months, it's right on track! It's just doing the same thing everything else has done. When you go when you go from $23 to $280 a 10 X since last March, you did not outperform bitcoin.
3:22:02
Like for example, a theorem.
3:22:05
But are you a dead project? Not at all.
3:22:08
Nowhere Near dead project, and even Charlie Lee himself.
3:22:12
I've told you guys this I've been on a couple of calls with him recently and look, he bought his litecoin back. Did you see him post that on Twitter.
3:22:21
Did he happened to mention on Twitter that he bought it all back, you know? When he bought? He bought it when the IMF bought one third of the float.
3:22:30
That's correct to the International Monetary Fund, bought one third of the float of litecoin available coins on the market.
3:22:37
They bought a third of it at $31 and that's when he bought his back, too.
3:22:43
Didn't mention that on Twitter did it?
3:22:49
He said himself in a recent interview when someone asked him they said what do you think? Litecoin is ready to become a stable coin and just be stable with the dollar? And be a good payment processor? And he said, You know, I really think cryptocurrency as a whole is still in its speculative phase and there's no tell them where any of these coins ends up.
3:23:10
He said that less than 30 days ago on an interview.
3:23:13
And he bought all the script, and he bought all just litecoin back.
3:23:18
Please contact me. And for the one-on-one tool, what we'll probably do is I'll have George set something up for that.
3:23:25
I'll talk about it, and then we'll put a post and patron, And, like the first 10, 12 people that send a message that they want to be a part of, it will all kinda go with that.
3:23:36
So, I'll get George to do that, and we'll try it. Guys. Will, will, will do it, and see how it goes off.
3:23:41
If I like it, well, maybe do that going forward. I know there are a lot of people upset that. They couldn't get that one-on-one. I don't mean for you to be upset.
3:23:49
It's just, like I say, patria on, and the Bitcoin Academy makes up about 5% of what I do.
3:23:58
In crypto, 95% of it is outside of the Bitcoin Academy and Patron.
3:24:05
There are.
3:24:07
No, there's a whole In fact, let me just not say that, Just keep that to myself. OK, last question.
3:24:14
We're done Yes, contact me to signing up for the patron to day Guys listen.
3:24:21
March, April, and May Very possibly could be the most important months for 2021 were anibal cycle.
3:24:32
It started in November It's not over. I don't care how high Bitcoin goes.
3:24:37
I don't care where carex I don't care about any of that this This All cycle has got a lot of juice left in it.
3:24:45
There's a lot still to come, And I really think that what we're gonna see in the chart, March, April, and May are gonna give us that opportunity to take some profits. For some people, you'll take all your profit for some people.
3:24:57
You might take 25% Some people are going to take cash out.
3:25:01
Some people are not, some people are just gonna put it back in But that's going to be that March April May timeframe I think is going to be the time when that happens maybe even into June For some of the off points And then the rest of the year is going to actually be sensational. We have all those of us that have been here for for three years together. We have all been in coins from 2017.
3:25:31
Hmm, hmm, hmm, That are no longer a cool project.
3:25:35
I mean their product, their, their, their, their, their coins going up.
3:25:39
Let's just take, for example, Civic.
3:25:42
Civic is gonna go up and have its day, but when I get out of it, I am never looking back at that third, ever again.
3:25:51
There are projects that outweigh what civic put out there in 1700 to 1 today, 100 to one today, far better projects.
3:26:02
So understand that when we re-allocate We're not just going to sell our kryptos and go right back into everything I am planning to condense down from about 8890 coins. I'm going to condense down to maybe 30 or 40 30 or 40 points?
3:26:21
And I'm going to be talking about the the the target points have taken those coins back up.
3:26:28
And I'm going to be a little bit, how shall I say that I missed by Nance waiting on my target Miss Chain link getting backend the second time.
3:26:38
I would have been getting backend to buy Nance for the fifth time I've made a ton of money on by Nance, it's more than seven figures.
3:26:46
I made a **** ton of money the first time and chain link, but I missed some of those targets getting back end waiting on my target.
3:26:54
I'm going to be a little bit more conservative and be willing to get in a little bit earlier on these pullbacks and build on that position if it keeps going lower.
3:27:04
So, I'm going to do it a little bit different, because I'm not interested in missing too much. I think the move we get to the end of 2021 is a blow off top.
3:27:13
I'm not saying it's going to be the end of the bull market, because I don't think it is.
3:27:17
But I do think it will be a pivoting point where anybody who's been in crypto could sell all their kryptos and look back and go mama mama.
3:27:28
Maybe you could do a one-on-one class, 10 year roadmap charge, Add the Bitcoin academy dot net for purchase. Yeah, it just doesn't give me an opportunity to also answer questions for those people.
3:27:41
If they're asking for a one-on-one, they have questions, they don't just need my 10 year roadmap. They have questions, and so, we'll see how it works. We'll see how it works, guys. 20 21 is our year. Make it your year, Georgia got the last word. You guys have a great rest of the week and a great weekend.

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