Saturday Tech Only Live Stream with George

0:04
Well, Happy Saturday, everybody. Oh, I guess I need to change the presenter name. Let me do that, too.
0:14
OK, Hold on.
0:23
It has been a busy morning. Welcome, everybody!
0:26
Looks like we have a few rolling in. It appears that gender red will not be joining me today. He has family stuff that he needed to address. And so it is just going to be made today. No, no joke. This morning, to start out with, I just didn't have the time, and We'll just jump right into the questions. They're posted here, and then we'll get to your questions that are, that you guys are posting. And I'm guessing you guys can hear me, let's just check that first.
1:03
Hard to know. Sometimes.
1:10
I think you Oh yes, OK. You guys can. Thanks Tim, Thanks Jay. Jay. Thanks, Catherine. Thanks, Elaine.
1:17
OK, so let's start with the first one it says I was successfully using stellar term on my nano ax to set up the airdropped to buy up.
1:28
Well, now I'm trying to get back in let me get this a little bit bigger so you guys can see it.
1:37
Here we go, I'm using Google Chrome all updates and I confirm my ledger is connecting fine my Ledger Live also update I tried a couple hours and Send an e-mail last week Distiller term with no response yet just the auto response.
1:55
Thank you for any help you can give me. No! This one really depends, too, because, you know, are you using Windows or Mac?
2:04
I'd also suggest restarting everything and like computer and only try to connect.
2:12
I believe the issue that you're having is browser related.
2:16
I know that doesn't help you with the answer, but, know, on the Mac side, I haven't done this on Windows for awhile, you know, a popup menu comes or a popup comes and it says connect your ledger to this browser, and I am guessing it is a browser issue. Now, the other thing you said, it's just Google Chrome.
2:38
It's really good nowadays to have, I would say, personally, a minimum of three browsers that I use on my computer. That would not include Safari, that would not include Edge. I know Jenna uses Edge on some things that are crypto related.
2:59
But a lot of them are just written for, you know, Chromium and so at Chromium based browser is brave.
3:10
A Chromium based browser is also Chrome, obviously, and there are a couple of others, and then I would try Firefox, because the problem is, um, a lot back in the day, back way, way, way back in the day, you know, you wouldn't know when you're upgrading something. And, in fact, I remember, way back in the day when you would upgrade a video card, they would send you out an E prom, and you would pull off the prom, which is a little chip on the video card. And you put a new E prime on. And that was upgraded well, nowadays, Everything kinda does it. In the background hardware, it's a little bit more that you would know about it. But when your browser update, when the website that you're visiting updates, that's when things kinda break.
3:59
And so, I know that there have been times where one browser, we'll break, and the other one is fine until they put a patch in either on the website itself, which we'll never know if it's been updated.
4:15
Because they don't keep any type of version number on a web browser.
4:23
You know, a, an application that you install on your computer? Yeah, usually can see the rev, the red version on a browser.
4:31
You can see the red version on a website, you really can't seem to find a version because they really don't publish that, so, I would suggest, I would suggest you, you put a another browser on and try the different browsers. This is one of them.
4:53
Extend your desk. I'm gonna stand up. I do a much better job standing.
4:58
I'm pacing when I talk.
5:00
So, one thing that I found, and this is for anybody having problems with their meta mask, because I thought it was just me, but I was not able to use my meta mask.
5:09
I think it was on Brave, and then, I deleted my meta mask.
5:14
Now, let me remind you, I kept my 12 words. And then I re-install that I went to the correct ... website to download it.
5:21
You gotta be careful on that, because you could get the wrong site, and then you're gonna run into some major problems.
5:31
I re-installed my Murmansk, and it took care of my meta mask issue on the Brave Browser.
5:38
Now, I can use it on Brave, and I can use it on Firefox. I don't really use Chrome, unless I absolutely have to. There's too much Google in it, and I can't stay on Google.
5:49
So, try a different browser, try restarting first, clear everything out because you may have something that's conflicting with your connection, so if you have Leger Live open, anytime close, because there sometimes conflicts there. sometimes not, But start fresh and see if that helps. And if not, then try a different browser. And it's just the basic troubleshooting because I don't know of any that are with stellar term right now. But those are my suggestions. You can e-mail in after you've done those. And, you know, I might have some more steps, but it's, it's hard to say, do XYZ because part of troubleshooting is do one, then the next and the next and the next. And you'll know what it is. It's hard to do it all at once because sometimes you don't get some good information.
6:45
OK, hi George and Jeddah. Thanks for her your help.
6:49
Any change any change in finding a wallet for Caspar, that can be trusted.
6:55
Also, I have Red Coin, since back in the day, I'm guessing their online wallet is best for storage, also best place to swap casper.
7:06
There is a app for Casper for your ledger. So I'm not sure if you have a ledger hardware wallet. They do have the kaspar app for that.
7:19
Now, I've used that, and let me just see, real quick, if I can get the, OK, yeah, you guys can't see that, but let me go to Caspar Live.
7:35
Caspar Live, allows you to login, and maybe this is my wallet.
7:45
Yeah, I guess I have man, Casper has not done well. I haven't looked at casper and quite awhile, I think, someone, a friend of mine in the great White North, I gave him 1 E 2 by me, some casper.
8:01
And so, yeah, caspar has, has not done well, but if you go to C, S P R dot live, you can connect your leger.
8:17
It's hard to say how to do it, because I've already done it.
8:21
But you can, you can connect your ledger hardware wallet to see SPR dot live, and you can store it on your ledger.
8:32
So, that's, that's where to start, for that.
8:37
Let's go back here.
8:44
OK, this is from Rusty Old Dog.
8:53
Please forgive me for not being more proactive in this matter. I'm just not tech savvy or comfortable on a lot of this. That being said, I purchase ship and crypto dot com, and would like to know the best, or most economical method to transfer to a ledger, which I do have. I have set up the ledger, but not put anything on it yet. I also have stuff on Coinbase, and is the process the same are dependent on the coin. Also, when sending coins to kalo Brown, could I just send the ship directly to them from crypto dot com and forego putting it on my ledger first? Sorry for the Newbie question. I should have addressed this months ago, TIAA, so much for your assistance.
9:38
Jeddah and George, so, it depends you have to go back a little bit because this really depends on what Coyne you have.
9:49
And so, what you need to do is, for example, Shipp I know without a doubt, is an ERC 20.
9:57
Um, and Wow.
9:59
It is on another chain, but we're not going to go down that path because I don't think you would buy it anywhere other than on. It's an Ethereum Blockchain coin, so that means you send it to your Ethereum address so that it is a coin that just resides in your Ethereum wallet. That's where you store it.
10:21
And if you sent it on to Caleb and Brown, let's say you sent it from crypto dot com to yourself, Dear Leger, you'd be able to see it and lead your life.
10:33
And oh, here we go. I heard little mouse in the background, and jet is drain this. Let me finish this up jet. And now, I welcome you.
10:41
So, you would store your ship, your ERC 20, on Leger. You'd be able to see that, unless you're live.
10:51
If you wanted to send that CIB, off to Carolyn Brown, you'd have to make sure that you have a thorium in that wallet, because they will charge you ... to send your ship coin. And, and so, really, it depends on the coin that you have. And this does take some time. It takes some time talking to people, take some time researching it. But, if you had Neo, well, Neil has its own Blockchain, and you'd use the Neo app on either the Neon Wallet, or the O. three wallet to put your Neo.
11:28
And in the same regards, FLN is very similar to an ERC 20, the FLN or flamengo, would go into the same wallet as your neo does.
11:41
And so, would gas, in the, the neo blockchain.
11:46
But when you send coins outside of your wallet, you would spend gas to send us coins on the neo blockchain instead of neo itself. So, every, blockchain is a little bit different. And so, it depends on what clean it is. It depends on the blockchain.
12:08
And, honestly, if you're going to send ERC Twice, it depends on the time of day and how busy things are I would never send ERC 20 S unless I absolutely had to, during a busy time, and there's maybe we'll get into it. You know, where you can check how much it would cost to send an ERC 20, because Gatsby's can get pretty high.
12:31
So, yeah, it really depends on the coin. And where it is stored some coins like Ethereum and your ship, you can see on Ledger Live. Some coins can be stored on your ledger, like Neil. But you can't see it unless your life you need to have an external wall, and to finish this question of, yes, you can send your coins directly from crypto dot com to Calama Brown, and they can store it there. You just have to work out with your broker, you know, absolutely, positively send a test, but let them know it's coming from a different exchange, so that they don't necessarily whitelist that wallet address that it's being sent from. So, welcome, Jeddah.
13:18
I'm not sure I like and Ralph, yet, but I didn't want to just follow up a little bit on Rusty, saw old, Dodge, dodge dust. Well, yeah.
13:30
Yeah. So here's a thing.
13:33
If you send from an exchange like crypto dot com, which is kind of, or point which deals and ship, um, or any 20, usually what they'll do is they will docked a certain amount when you are sending as payment.
13:56
Ethereum equivalent for the payment.
13:58
So you don't have a theorem in your work crypto dot com. Wallach necessarily, well, I don't know about that one. I don't know. I can't remember it's been a while since I've used it.
14:09
But usually, if you're sending from, oh, or Coinbase, what they'll do is they'll still convert a portion of the coin, you're sending into theory, and pay for it that way.
14:22
But as, as George said, if you're sending from your lunch or wallet, you definitely need to have Ethereum, and that at that same address, as where this ship, or any other ERC 20 token resides.
14:38
Yeah. It's kind of hit and miss, on, when you need it, and when you don't, on an exchange, you just have to go by their rules. And everybody has a little bit different rule. I personally would like it that if they're going to charge you, they charge you in the coin that you're sending and not something else.
14:54
But it, you know, once again, depends on all your rules, because if you use a kind of a wallet, kind of exchange, one of those hybrids like atomic or accidents, I think you have to have. yeah, I know for a fact, with Exodus. I don't really, I haven't used Atomic, and in quite a while. If you're sending an ERC 20 out of exodus, you have to have Ethereum in there, but I don't believe you have to have that same for other sites. OK.
15:25
And that Bill says, He's gotta go. Thank you for that.
15:30
And we'll move on to the next.
15:35
And, you know, I said All dog and Jetter was right.
15:39
Old Dutch.
15:40
Next to it used to be a telegram group that many were able to ask tough questions. And other questions on it, I guess. Got disbanded. I've read or heard somewhere. There's another if there's a place to find it. So thank you so much for your Saturday.
15:56
Yeah, there is I don't really talk about it because I don't talk about it, But I have a website called black lab dot net. I have had this website since 19 97.
16:12
Think a really long time. So if you go here, this is where people can book some consultations. This is where I put really kinda some tech stuff, and other things that are kind of coming our way, but if you go down, where is it? I don't even know.
16:33
Let's see.
16:35
Contact, consulting, VPN, You know, somewhere on here.
16:42
There is a link, too.
16:46
Hmm, hmm, I don't even know my own website.
16:51
Let's say.
16:53
I don't want to go contact Yeah, under contact contact, there's technology and Dick.
17:00
And then there's Telegram channel if you go to the telegram channel Yo be taken here, and Yeah. you can, you can join this telegram channel. Let me tell you, I would like to spend more time in here. When I get my tax stuff done, I'll be able to spend a little bit more time. But there's just been so many things going on. Jeddah is in here a lot, but just know that this is tech only. If there's any sidetrack talking about other things, you know, maybe like, Where can I buy a coin, That kinda thing, that's fine, But if it steers anywhere from crypto, you'll get a warning, and then you'll get banded. Because I just don't want it to become what the other channels have been. And, unfortunately, I don't spend a lot of time. I try to catch up. Maybe if, I'm lucky, once a week. This is definitely not the place to get ahold of me.
17:57
If you want to, to ask me a question, or contact me, and are definitely using the help area right down there is just the best way to do that.
18:09
OK, let's see.
18:12
Jessie, hi, George. If one uses a browser that is dedicated to crypto, exchanges, wallets, et cetera. And you never log into any other website from that browser, and also use a VPN, is that fairly private.
18:27
It is fairly private.
18:30
You gotta know some of the much privacy also comes in different flavors and why you want to be private.
18:39
There are cookies that are set all over the place, so.
18:46
For example, when you visit a website, if there is an ad, if there is some affiliate code, if there's Google Analytics, that sight, will, and could probably, does set a cookie on your browser. And when you go from site to site, that cookie kind of traction. Now, it's not that the big, bad government is doing that. But it's the big, bad ad agencies that then hum sell your information to the big bad government. So just to kinda go down and this is not this is not conspiracy theory, this is just conspiracy fact. Because it used to be conspiracy theory that you know the the government can't come in and invade our privacy supposedly.
19:35
But what they can do is, they can buy that information from big tech, and so they no longer need to go in and monitor things, because they just, by that, information from big tech. That's a whole lot easier and cleaner for them, it's not illegal for them to buy that information. And it's not illegal for big tech to gather most of the information that they gather, some of it, very questionable. So, when you do things like that, it depends on your privacy concerns.
20:09
And if you really want to be private, one of the ways that you can think about it, is.
20:18
It used to be that you could use a private window.
20:21
What did they call it? In Brave? They call it, yeah, new private window. Well, this is a month ago, but it was found that Google, their private window, wasn't so private.
20:32
So, because we don't know what they're doing, and we don't know what we don't know, if I want to be really private, what I do is, and depends on how private I want to be.
20:46
I would opt for creating a brand-new user on your computer, so I can't really show you this one. But you would, on the Windows side, or the Mac side, you would go into your control panel, you'd create a new user, and you would login to that user, and that's where I would do my browsing. Now, there's no cookies, it's brand-new user, There's nothing that's an overflow.
21:15
So to speak, from one to another, and if you really want to be private, then delete that user, and the next time you want to go in to do crypto stuff, create a new user, that way There's no cookies that are ever maintained, because that user data is gone And so it really depends on to what extreme you want to go as far as being private. that.
21:42
the other thing is you gotta remember VPN companies that's huge spot.
21:49
There was one company. And this is weeks ago Nord VPN bought them. And so nord via VPN, is becoming a bigger behemoth.
21:58
But if the, now, let me back up a little bit because I have a lot to say about VPNs and we have not enough time for it.
22:07
But your VPN provider, you move your data retrieval, your DNS, all of that from your internet provider. Let's say Comcast or Spectrum or AT&T.
22:22
When you do a search or go to a website, AT&T, and Verizon, and spectrum know that they know what you, because they issue you the IP address, and they know that it goes to this particular address that they send a bill to. You can't be anonymous, because unless you're, you know, borrowing Internet access from your neighbor, they're going to know who you are.
22:48
So with a VPN, you're switching that that knowledge that they are gathering from you from your Internet provider to someone like nord VPN. And so depending on the jurisdiction of nord VPN, which I have no idea, they have paperwork that says Panama. But the last time I checked, it was like Belarus. So does Belarus have laws that can keep things private? And that are breaking things. And can there be someone that works at that company that then can take that data and send it somewhere else? I Don't know. That's why I don't use any commercial VPN this way, only use mine, because I know what data mine has. Its, it's mine. And it's not shared with anybody else.
23:38
And so That's why being private is a huge question. Like, how private do you want to be? And do you need to be? Because if you really need to be very private, then run your own VPN, because you don't know what information they're gathering. Because there have been so many lies that VPN companies have said, like, oh, we're not, we're not logging things.
24:04
We don't, we don't hold log files.
24:09
But that's virtually impossible, because if you are technical, you'll know that there's not just one log for a computer.
24:18
If, if you look at Linux, which a lot of the VPN provider would do, they rent to computer somewhere. Or they have the computer somewhere. And they're most likely using a free version of Linux, which is great. But the number of logs that are created, their server logs, there's network logs. There's log on logs. There's all of these logs that need to be created, because, by default, their credit, if there's an issue with a server, you have to look at a server log, but which server logs.
24:53
So, when a company, when a VPN company, says, we don't log things, the question that I always ask, and I've never gotten an answer, is, what don't you log?
25:04
What do you like?
25:05
Because to find an issue on a computer, you have to look through logs to see, Oh, it's when it boots up. It is hanging on this particular application, or this piece of hardware, or this, that the other, their connection logs, when you make a connection to something, it's logged, There's DNS logs.
25:26
So, you know that when you can get, you can go really, really deep in. And it depends on how private you want to be, basically.
25:37
George, you mentioned before, there was a way to stake T fuel T drop pair for a pretty good return other updates on this. You know, I do not have T Dropped, but let's go see.
25:50
Hold on, let me, let me take, I'm going to do a new window and see what I can show, and what I can't show.
26:01
Because there's also T Bill.
26:07
Um, see.
26:18
Let me see if I can get into.
26:27
Yeah.
26:32
Switch networks.
26:36
OK.
26:42
I don't have T drop but when you go to me see if I can, well I'm going to need to get my ledger to do this, but if I do Wallet Update.
27:02
Give me NaN, I'll be right back.
27:10
Yeah The place that you would steak, you're yeah you know it's going to show too much for me and I feel kind of uncomfortable with that.
27:24
But basically if you look at your, your wallet, if you go into your theta wallet and you see where you can stake your theta on a guardian node, you can stake your tea fuel on a, on an edge server. You can stick your tea drop there.
27:49
Now, that's not what you're talking about right now, which is, there, when you stake something that's different than adding liquidity or LP. You'll see just the letters LP. And that is, either Liquidity Provider or liquidity pool, depends on how it's being used.
28:13
But when you're staking T fuel or T drop if there, instead of the slash, it shouldn't be an orc.
28:22
And so, when I go to my theta wallet and I stake it, there is nothing that I'm also adding.
28:32
It's just, I'm taking my T fuel and I'm locking it up for a period of time, and I have 70 hours that I would need to wait to have it unlocked when you add liquidity, which is more in line with this one I think, you're comfortable with. Hold on.
28:55
Sure.
28:58
There is no pulled on browser.
29:05
OK, this is T bill dot IO, and I took some T fuel, and I swapped it, or.
29:22
It took some T fuel right now, my balances, 5.7 T fuel and I could Swap it to people, bigger.
29:38
I can take my sum T fuel, I can swap it to a T bill, and T Bill is more of a stable coin. They try to keep it anywhere between like 85% and a dollar 10, but I know that I've seen it go higher than that. I think I saw dollar 16.
29:53
And this is where you can take some tea fuel and some T bill, and you go ahead and stake it back on this platform, which is run by G Pool.
30:11
And this is where you get some pretty high returns. The APR is 50% APY, 64. And you get a better AP AR slash APY when you hold it for a longer period of time.
30:27
Now, my current C done a video on this, because what I'm trying to do is get some numbers under my belt. I mean, we've been a down market and so it's just been like tragic, I think my total value lot right now, as you can see, is about $50,000.
30:47
When I started making a spreadsheet up.
30:53
Get me AB T bill when I started on February 17th.
31:02
So about 10 day, almost 10 days ago, I states I added liquidity, which is different than staking.
31:10
I added some of Kuwait in the 17th and 18th and the total came out to about $55,000.
31:17
And, so, I'm trying to market every day, I've missed a couple of days on this particular one.
31:24
But the idea of staking, like I said, before, Issue, put the coins on a platform and they're just locked up there and you earn a little bit of interest. What is the current interest rate?
31:41
I'd have to go into another site for that but I think the last time I checked just Staking T fuel was about 8% return. I think theta was 3%.
31:52
But when you add liquidity, meaning, you put two coins in, and they're traded back and forth there, when, when do you go and use the swapping mechanism? So let's go back to, I know this gets, gets high in the weeds, and it's really confusing. And I'm trying to put something together to talk a little bit about this. And this is where stuff like this is going to be found in Black lab, and it's not going to be found on the Bitcoin Academy. And the reason why I'm doing that, is this is really complex, and it's not swing trading.
32:31
And I can show people how to stake things, because it's very easy to do, but when you add liquidity, that's a whole different, it's a whole different realm. I know there's people in the group that are really heavy into D phi, and it is, some of it is so complex. I'm like, I don't want that much complexity in my life, I don't need that much of a return for that high complexity and teach people about that.
33:00
That, that's, you can't do that in a classroom setting, maybe one-on-one, but not a classroom, say.
33:05
So when you swap some T fuel, and I will turn it into T Bill, the mechanism over here, on liquidity Provider LP's taking That's where my coins would be used to swap. And so you earn a return on that.
33:25
And that's what putting liquidity on a platform is, and I know I got way too much into that, I don't know, of a T fuel T drop pair. For adding liquidity. Someone might have that.
33:45
And I'll get back into that questions there, but I don't know of a T fuel key drop, liquidity pair.
33:53
There might be one, but right now on G Pool's T bill, there really is just adding.
34:06
No, sorry, T fuel and T build.
34:10
And as you can see here, every 10 minutes or so, I'm earning 42%.
34:18
But that is in T bill, So it's a little bit more stable than adding it as T fuel, which can go up and down, which is what you receive when you just steak T fuel.
34:33
So this is something, yeah, right. Now, the value for T bill is $1.12, and for T fuel at 16%. And so there, there is that return. The advantage to this is that you're getting the return in a stable coin. And the disadvantages you're getting the return and stable coin. So why I say it that way is it depends.
35:02
Is the market going up?
35:03
Is it going down or is it going flat?
35:06
If I wanted to earn a return, which I'm debating whether or not to do it video on it, I wanted to get about 30 days under my belt, but I'm adding liquidity on unit swap With ship and Ethereum. And there's ways to do it. And there's ways not to do it. And I'm learning those ways.
35:30
But it's a pretty good return right now. And it's a return where people have said, oh, I'm not going to be able to join jace thing. And I'm going to miss that out.
35:41
No. You're not going to miss out a percentage like that.
35:44
Depending on what you you want to do. We don't know where the crypto market is going to go. We don't know. Is it going to be around? Is it not going to be around? We'll have to see. Time will tell.
35:55
But, there are some, there's still some great places to earn returns on your point. And I'm not gonna get it right now because, you know, I've always said if you to uphold your keys, you don't hold your coins, but that is changing, because the trust in companies that have been around for a couple of years is a lot higher than platforms are. Companies that are only have been around just a little bit defies, a perfect example. There's so many rug pulse if I project. So that is it on the site.
36:31
Let's go to your questions, your live questions, and if I haven't made anything clear, let me know, and we'll see what we can do.
36:39
OK, good morning. Good, OK.
36:44
I was just and this is from Tim. I was just on stellar term yesterday, using Firefox.
36:50
I still don't understand the claim process though, I don't see where the claim day is going to show up and how to actually do it. Maybe they haven't defined it yet, I don't know. OK, well, let's do that because I did show it before. Let me get my ledger.
37:05
one is And I'm gonna get a little coffee.
37:14
Hmm.
37:35
OK, too.
37:38
Stuff stuff?
37:42
That's good.
37:59
OK, so this is the stellar term, can tell much Excel I might have.
38:06
Where are you going to want to get it?
38:09
And let me just make sure, Tim, I have here. If anybody wants to come on the air, let me know, and now you can join me.
38:17
It's always nice to have more than one person.
38:20
I just don't understand the claim process, I don't see the claim day is going to show up and how to actually do it, maybe I haven't maybe they haven't defined it yet, I don't know.
38:31
So you're gonna go in here, um, and what, you're going to do it, let me move this over, what you're gonna do is you're gonna see up, here, it has pending payments and it has six out of the White House X, I have more than that, but if you click on pending payments, and Tim, if you want to do this side-by-side with me and we can see, if you see something different.
38:57
Let me get.
38:58
That's a little bit bigger.
39:01
So Pending payment, you'll see that there's trunk coin, there's truth social, there's XRP Flare Network. I don't even know if these are legit. I don't really care.
39:14
But here we have the aqua.
39:17
And these are the ones that you can claim. I'm gonna go all the way down to the bottom. You can kind of see all the different ....
39:27
But toward the bottom, you'll see one of them, and it has upcoming.
39:33
If I click on Wallet Address, it has this popup and this pop up Let's see if I can get bigger.
39:40
Yeah, it has the receive address that has the date received, which is on the 17th.
39:47
It shows that it's upcoming and it shows available to claim within end dates.
39:53
And you gotta remember, this is the European version, so three If since I'm in the US, I'll read it in the U S 3 for 2022.
40:04
Yeah, 2 48 in the afternoon, I don't know what time zone that is. So, that's, you know, hit and miss, but on March fourth, 2022, I will be able to claim this.
40:18
And when it's available the claim this claim button will be probably highlighted in a darker green, and I'll be able to click Claim, I'll have to have my wallet connected, and I'll go through the claim process that way.
40:33
I can claim this for 30 days, sorry, 90 days.
40:38
So I can claim this until June fourth, 2022.
40:43
If I don't claim it, it's gonna go back into their dow, or it's gonna go back into another wallet. I don't know what that while it is, but each one of these is a little bit different. We'll go all the way up to the top, my last one, that I can claim, they've airdropped for me.
41:04
This can be claimed February fourth in 20 25, 2 May fourth, 2025, so they've dropped everything. But because it's smart contract base, it's the way it's been programmed. I can't claim it until this date range. So, all of your, your Stellar has been put there, you just have to wait for the time. OK, so Tim says, Got it, Thanks so much. You're welcome.
41:34
OK, let's go to the next one.
41:39
Hi, George, seems like T Bill is a form of stable coin question. If we're anticipating the downturn in crypto, do you think that is best to transfer my crypto that I hold into T Bill or US DC or ND US dollars? Thanks much.
41:57
That one is a little tricky because I don't necessarily give training advice.
42:01
But what I can tell you is that depending on what you believe, T bill will be the least stable of those it will be more stable than any of the other coins.
42:16
But you got to see like right here their current rebase target has $1 rate.
42:23
They're current rebate there. Basically the value right now is $1.12. They want to get it to a dollar eight.
42:32
In this next cycle, it's been up as high as $1.13.
42:37
So because if you also look at, let's go to coin Market Cap and let's look at the history of US DC.
42:52
That's D C.
42:56
You can see the history of US DC, and we're gonna go and say all.
43:04
The history from 2018, Hi, at the very, very high was dollar four.
43:14
The very, very low Was 97%.
43:20
So from the dollar that they try to keep the sun at, it's only fluctuating three to 4% as compared to T bill where right now, it's 8% It's 12% as a high. Does that mean it can swing the other way and be 12% lower? Probably It's a stable ish coin, they don't call it a stable coin probably for legal reasons. I don't know. But it's a stable ish coin, whereas you look at something like the price, You know, you look at something like T fuel.
44:00
It's 16%, so let's go to tea fuel.
44:09
Keep your 16%. Let's look at all time.
44:13
I mean, it's kind of sad to see, you know, all-time high.
44:18
Yeah, 60%.
44:20
So that is, you know, big big swings would have been great to get more down here.
44:29
But, you know, if you're going to put it into US dollars, then you have to figure out where you're going to store it. Just.
44:37
no, I know there's not a lot of talk about it, but I, I'm concerned about it, just because, just because I am. But when you store large amounts of cash overseas, depending on where are you, where are your exchanges?
44:57
If you store it, there are FinCEN rules that say, you need to let our wonderful government know where your money is and how much it is. And if not, then you can get in trouble. So I am not one for trouble. I am doing the taxes the last three days.
45:17
And so, you know, there are some, there's some rules and regulations that you may want to look into when you store cash. When you store crypto, then you can keep it wherever you want. You can keep it in your ledger, and that's all about, you. Know, the, I'm not gonna get too much into politics, but politics is now playing a big part.
45:42
And when you look at what, I don't want to get into politics, but if you look, at the history of what has happened to Russia and NATO, and how NATO was not supposed to encroach on Eastern Bloc countries because they said they would never do that. But they never follow through on their promises, and they just do what they want. That pushes Russia, a country like Russia, into looking at other things, for trading, because, you know, now sanctions are being put on them. If you listen to speeches, you can see why that was done. Although they won't broadcast them here.
46:26
Like I said, OK, politics aside. So Russia is now being backed into a corner, And sanctions are being put on them by Swift. Swift is, I think, either Swedish.
46:38
I think it's a Swedish company, so basically Swift, like we all know. Or if you don't, it sends money back and forth cross borders. And if you can't send money back and forth cross borders, then you are slowly strangled.
46:50
Well, that was then, and this is now.
46:55
So, when the US and and other European countries say, well, we're going to turn swift off, that doesn't hurt as much. Because there are other things that have been put in place, and one of them is crypto. Like, you know, we had talked about earlier, Russia is adopting crypto.
47:17
They, they like Bitcoin because they can send value back and forth and they don't have to be blessed by the bankers to send that money back and forth. And honestly, they've been working China and Russia have been working on their own, Swift.
47:36
I haven't heard about it lately, but they already have their their own swift system Swift like system in place, So is the swift system really going to do anything I don't know.
47:49
I know really going deep into this, but you know look what's happened in Canada.
47:53
Canada is blocking people's locking people's bank accounts. I heard about one company with 30 employees, that candidate decided to lock their wallet up or sorry, lock their bank account up.
48:08
So how is he going to make payroll, I don't know. Is there a court system up there that really even cares?
48:13
So, this is going back to how important crypto is, where you can keep value, and transfer it and hold it, and they really can't do much, and that's what really scares them, and I'm glad it scares them because their government should be scared of us. We should not be scared of our government.
48:34
So, and I went way far further into that. But, you know, you might want to keep it in a little bit of everything. Just depends on what your strategies are. I can't say US. dollars is going to be better than USD C or T Bill. It just depends. It depends on your strategy and where things are going, where you think things are going.
48:57
OK, this is from Cliff.
49:00
On my ledger Nano X.
49:02
I have a theory and account for all my Ethereum, and then a separate account for each of my other Ethereum accounts link. Sheba OMG.
49:11
The problem is that when I want to send one of the ERC 20 coins, I have to ship some Ethereum into that specific wallet.
49:21
Not only is that a pain, but costs a lot.
49:24
Tonight, can you confirm that I should have set up all my ERC 20 coins, in the Ethereum account? And if so, to fix it, I just need to send each coin link, Chiba, OMG, et cetera, into that a thorium account so they all fit under there. So I have a thorium to move those coins. Does that make sense? Absolutely. It does. Yep.
49:45
I would keep everything, to a point in one Ethereum account.
49:52
Because you're going to need to have Ethereum to send and that just, you know, when you have to send a thorium to an account, and then send it out to know what you're experiencing, that's probably not the best way to do it. The only reason why would have separate Ethereum accounts, because I do have separate Ethereum accounts. Is when you get knee deep into D Phi and other blockchains, for example.
50:27
And this is why I, him and ha, and I can't show some things, because I don't want the world to see what I have. When I do know, one on ones, when it's one person knowing what I have, that's very different.
50:40
Because, you know, it's not recorded, and that type of thing, but when you have an ERC 20 wallet and you go to a different blockchain like finance smart chain or polygon or um, they because theta uses, you know, that same thing. When you gotta set theta swap, you're using the theory map, polygon, avalanche, phantom.
51:09
They all use the same, um, basically core Ethereum Wallet address.
51:17
Now there are different chains and you can't just send no phantom from your Ethereum wallet to your phantom wallet. Magically, you have to go through a bridge and do other things. If you even want to do it that way. But, the.
51:35
So there are different wallets for that and when I have different wallets on different chains, I may have different Ethereum wallet, like I have a D five wallet that I use just for D five. And then I have my main wallet that I use for the rest of the things, and that's on the Ethereum network. My D five wallet, though, travels to the polygon network to the phantom network to the avalanche network to the finance smart chain wallet.
52:06
Chain to theta, swap kind of thing. So, that one, there's a reason, because I want to have clear definition of this is what I do on D phi, as well as for security.
52:20
Meaning, if someone sends me, um, you know, an ERC 20, or on the polygon network, or on the phantom network, or on the PSC network or avalanche network.
52:35
If they send me coins, they're gonna know my Ethereum Wallet Address that then they can go back to the Ethereum Blockchain and see what I have in my Ethereum wallet. And I feel uncomfortable about that.
52:50
So when I use my wallet to interact with people or if they're sending me something, I use a different wallet because that keeps me private and and I have a little bit more control over that.
53:05
So that's what I would use Separate wallets is for that type of no strategy.
53:14
If you're just keeping them, yeah, just keep them in one while it's so much easier to remember where they are in the long run, and you just don't have to pay those outrageous Ethereum fees.
53:26
OK, George, I have not claim my boba yet.
53:31
Is it confusing, or should it be easy to perform the claim process? It is not easy, but it's not really difficult.
53:40
The one thing that you can do to see how much bobo you could claim, now it's going to take 30 days. It also depends on how much power you have.
53:48
So if you have just a little bit about, it may not be worth the Ethereum fees, but if you go to that network and if you go bridge to bova, going up here in the upper right-hand corner, and let's see, I'm in the Chain of Theta.
54:09
Let me go back to.
54:15
thorium.
54:20
Inc.
54:23
And so we're going to connect the wallet.
54:27
And there's my wallet that's connected.
54:30
If you connect your wallet via Madame Ask that held your OMG.
54:38
During the airdrop period, you'd have to check the documentation. I don't remember what it was. There's so many airdrops that I just my husband's.
54:45
If you go to, but with that network, you connect your wallet, you go to Layer two, which I see a pop up, and it needs. It, basically says, I need to switch to the boba Layer two network, and I take it there.
55:02
Now, I'm on layer two.
55:04
It doesn't look a lot different, but it is, and you click airdrop right up here.
55:09
This will show you how much your, your wallet held at that point in time, and it'll show you that, you know, how many you can claim. So, I would do that first to see I know when Jeddah has done it, when I've done it, when I did it earlier. It cost between two and $400 in Ethereum fees to, to get my baba. Was it worth it for me? Heck, yeah. Was it worth it for other people hack?
55:42
No, because they didn't have enough OMG to make the airdrop worth it financially, I think, bova, right now.
55:53
Let's see, I mean, it was up there for awhile.
56:00
Um.
56:04
As you can see, I don't have ads, because I block it with a title.
56:10
Oh!
56:14
Open Network, I think it was like $8 at 1.1 point 33.
56:19
So you can do the math in your head, but Yeah, it was the high was 770, so if you've got an early in, Got out, Yeah. That's great. It's slowly gone down but so Hence the market so it's hard to tell where it will actually end up. But really just do the math to see if it's worth it for you. There is a 30 day waiting period. You need to move your OMG up. You need to claim the airdrop, move, your OMG back down the same day, and then you have to wait 30 days. There are videos out there that I put, or that, there's somewhere out there.
56:57
OK, this is from EY.
57:00
Do you anticipate kill the Brown accepting SLM on the entry network in the future, or will? the only solution for the foreseeable future be to convert the FLN to Neo to liquidate, where's time?
57:12
It's just frustrating to imagine that being the only way out of the coin, because we are reliant on Neo going up, kind of, regardless of what FLN does.
57:21
I have no idea. Remember, killer browned didn't take and deal with ship. Now they do.
57:30
I think the reason why they don't have the the N three for the FLN is because they may not have a source where there's enough liquidity. That's my guess, but I don't know if I'm sure it's going to change when it's going to change. I'm not sure.
57:49
But hopefully, before the run, you'd really have to check with your, your broker.
57:54
I mean, it could have changed already.
57:57
It's funny. I did get something from Jay, I think it was yesterday, and for any of you that had Jeff, there is a picture.
58:10
Let me see Jeff standing by a campfire.
58:13
So he has taken some time off and it was really good to see him that he was kind of happy and doing what he wanted to do with his little camper in the background. So, Jeff is alive and well. And I'm glad he's having fun.
58:31
This is from Jessie. Sorry, I used the word's taken incorrectly, Understand the difference and was lazy with my language. No prob Jessie.
58:39
It's the T fuel, T bill, liquidity pool that I was thinking of.
58:43
Yeah, hopefully that, I kind of went over some of that when I have more time under my belt.
58:50
I'll kind of share, but there are some things that you just have to be aware of and you know, one of the things that you have to be aware of I guess we'll go back and talk about this is that if you think that tey fuel is gonna go up from now until the reality at all during the month of March.
59:16
The idea of having half of your tea fuel.
59:21
Let me connect the one. This is the issue with going back and forth between chains.
59:28
If you have to take half of your, your T fuel and turn it into T bill that, supposedly, it doesn't fluctuate that much.
59:39
The value that you're taking out is any appreciation price in T fuel.
59:48
But you have to offset that with the amount of return that you're getting for staking T Bill and T Fuel.
59:58
So, the complexity that in the questions and the, What is best for me really all depends on time. And time has not been very co-operative with us. We thought that, you know, by the end of the year, before that, we thought, you know, the fall, we thought summer.
1:00:19
And so, you know, if we had taken our T fuel, chopped it in half, but they don't have an empty bill and added liquidity with the other half, we would probably be ahead, no, in four months, five months, because the return is pretty fantastic, especially if you take some of that and compound it, blah, blah, blah.
1:00:47
As compared to the 8% return by just taking your T fuel.
1:00:53
Um, I'm doing this, not because I think I'm gonna get a better return. But because I need to understand the process and I need to understand D phi and I and I need to understand a lot about what's going on here.
1:01:05
It's really easy just to stake your key, drop, your theta, your T fuel, because you stake it, and a machine address that they give you, and that's it, That, you know, it goes up and down with the price.
1:01:20
But that is pretty straightforward. And there's a small return as compared to, you know, a 50% AP bar here.
1:01:29
But what will happen is if this moves up for the entire month, that T few all that I took and turned into T Bill will not appreciate the same value.
1:01:41
So, I'll only get half of the appreciation in price that TIF, you will do it. So if T fuel right now, is 16%, and it goes up to 30% while I've lost, you, know, doubling the coin.
1:01:56
Because half of it is in a stable coin, that's not going to move.
1:02:01
So, you know, when Tiv, you'll start to run, I will probably liquidate my T bill and I will swap it from T Bill two T Field.
1:02:20
or I could swap it into USD. See.
1:02:26
I mean, this is where, um, going back to the question that, Should I store it in T Bill as a stable coin? Should I store it in USD C? Should I store it as a dollar?
1:02:39
Well, a lot of platforms, including flamengo, including theta, instead of storing it as T bill. You could store it as US.
1:02:50
DC and stay on this platform.
1:02:53
If you think there's just going to be a downturn for a period of time and you want to get back into theta T fuel teatro, di Belle, then you might just put it in a USD see on their network and hold it there.
1:03:08
And then when you think that things have turned around, you can just turn it right back in instead of having to move it all around.
1:03:16
So, that is an option. There are so many different options, and as someone that I work with says, you know, I asked them their professional opinion.
1:03:28
They said, well, what do you want to do?
1:03:30
Like, I don't know, you tell me. And he's like, no, you tell me because this is your, your ball game. You tell me how you want it structured. And so, you know, that's kinda the question that I push back on people.
1:03:44
Why don't you want to do? what is your strategy going forward? Are you going to liquidate everything, then turn it into UST dollar and put it into a bank?
1:03:53
If you think you're going to get back end, you can still put it into dollars and then put it back in when things no return, potentially return to normal or if they don't return. So, it's really hard to say what each individual person should do as a, This is my recommendation, It just depends on your strategy. Depends on your age, or you're gonna get back in or you 95 years old, and you're gonna go for the next run, or do you just want to lay on a beach and enjoy life?
1:04:22
OK.
1:04:25
This is from Jay Gee. I've been trying to unstick some hacks that are coming to the end of their term and the fees that I've seen have been as high as $6500. I've seen on occasion fees, as low as, I'm gonna say, Real Quick. Digit runtime.
1:04:43
How do you get your basketball?
1:04:49
Sorry, my son just came back from from his first basketball uh, game thing that he's He's doing at the local rec center.
1:05:02
Seen this highest, excuse me, $600, I've seen on occasion fees as low as 80.
1:05:10
This is a new reality, or is there are times I can get, You can't get sub $10 gas fees? Those days are that is so 20 17, you will never find those low gas fees.
1:05:25
So don't even know.
1:05:28
You can try, but I don't see that really ever happening. And that's where you just have to play with what the gas fees are. I do have a, see if I can find it. There's a cool one.
1:05:49
There is a call.
1:05:54
Yeah.
1:05:56
Hmm.
1:05:58
Know, that there's a cool little thing that my son likes, because it has a bunch of characters running around. It shows you the gas fees.
1:06:12
Just brought it up, let me look.
1:06:16
OK.
1:06:22
Thought I'd put it in an easy place because I've referenced it before, but there are gas websites that will show you, OK. Here we go.
1:06:31
Yeah, teac street dot com.
1:06:36
Watch.
1:06:40
And it's this, if you haven't seen it before, so Shrink this up a little bit, they used to have.
1:06:57
This has changed a little bit, they used to show the exact fees.
1:07:00
Um, that, you were paying right now, it does show you that the different areas like this is tether.
1:07:09
I believe that is maker.
1:07:12
Um, know, who used to be up as number one, just, not too long ago, was open.
1:07:18
See, when they got kind of hacked, they've dropped, but this shows you, like Madam Ask and the different sources, Wow, ship, swap.
1:07:31
It used to show you the fees right here and I guess they, they stop that, but you can see that the GUI that is being charged right now I found on the weekends earlier in the mornings Eastern Standard is the best time to do it. But you can see this is people that are paying normal fees here. And if you click on this person, you'll see this transaction.
1:08:01
I mean, I found my transaction once, because it was Way back here, as you can see. There is a long line of transactions waiting to be processed.
1:08:16
And so if you're way back here, I don't even know if I can click on any of those heads.
1:08:22
That's a lot of transactions waiting to be done.
1:08:26
I'm not wanting to pay a high fee, so if you get stuck in here, it may never happen, and so that's why to get your transaction done, you need to get a higher fee.
1:08:44
OK, this is from Jesse, do you have any opinions on decentralized stable coins, like US T do you think they are viable?
1:08:57
That is a hard one. I like people that back I like companies, like big companies, corrupt companies, Of course, that bat the stable coins, because, because they are corrupt companies, they get, they can pay off individuals at government level and they can get their way. So US DC?
1:09:18
I like tether. You know, it's been years talked about that tether is going to fail whether or not it does.
1:09:26
I don't know.
1:09:26
But I would rather keep my coins in US DC, then than others, there's Daya, there's a whole range.
1:09:36
I can't say one is better than the other because, I haven't gone in and looked at their books.
1:09:42
I mean, you know, there's been a lot of negative talk on tether And tether. Doesn't necessarily have the amount that they say they do, and they keep it in other assets. They keep it in gold, They keep it in.
1:09:55
Housing, I don't know what they keep it in, but, No, it is hard to say that this is for sure thing, because we just don't know.
1:10:04
So, what I keep millions of dollars and one stable coin, hack, know what I keep millions of dollars on one, Blockchain.
1:10:14
Now, you know, I could potentially keep USD see on different blockchains and there are anybody new. Let's go here and I'll show you what I mean. I can close this thing because it eats up a lot of resources.
1:10:33
Um.
1:10:36
If you look at S, T C.
1:10:44
If you look at US DC, does it just one example? Right. Now, the contracts it's on the Ethereum network, that's where most of the ... coin is.
1:10:55
But if you click on more, you'll see that is on Kellan work.
1:11:00
You'll see that it's on other Blockchains, it's on Solana, it's an algorithm that's on B&B smart chain, it's on phantom, it's on daya, it's on Polygon, it's on Tommo chain, K C C, moon River, avalanche C chain.
1:11:18
Avalanches really interesting, because they, they have Different chains were the same.
1:11:26
Yeah, I'm not gonna get into that, but they. they have different wallet addresses for using the same wallet, like Leger Wallet, just on different chains for ease of use.
1:11:39
So, you know, you, as DC, is on all of these different chains Tron Open Network like, we were talking about, I know we're talking about it on the Theta.
1:11:56
But if you come Boba, you'll see, lets go back to boba over Gateway. We're going to go to not connected.
1:12:06
See, jumping back and forth.
1:12:07
If you don't know how to use meta mask, um, the, the, If you're 25, you've got to be an expert, but we're going to go to Bridge, see.
1:12:27
Um, you can move your $20,000 in USD see.
1:12:34
And I could bridge it to the boba Network and store it there.
1:12:39
And then the fees signing around the boba Network would be a lot cheaper than the Ethereum network.
1:12:46
But getting back to USD C, you can have on various chains. I personally wouldn't do it on the boba network, but that's just me.
1:12:56
But solana I'm familiar with I haven't really did Al Grand be smart chain, phantom, avalanche, daya, polygon.
1:13:09
I'm familiar with those not really dire, but polygon, that type of thing.
1:13:14
So you can keep different types of coins, or the same coin on a different network, and mix and match, it just depends on the value, OK.
1:13:24
And this is from Mark. So, an awkward drop.
1:13:30
You get to claim the amount, show repeatedly over and over the date shown.
1:13:35
It's not just one-time drop, correct.
1:13:38
They want you to hold it, they don't want all the aqua to be dropped at once because it would be a nightmare because everybody could liquidate all at once and it would send the coin down to nothing. So it did say it was going to be over a three year period. They didn't say how they were going to do it. They didn't say that.
1:13:58
It was going to be dropped all at, once through different droppings that were then mature at different times. So, yes, overtime. You're gonna have to put on your calendar because you only have a 90 day window to claim it or lose it?
1:14:16
Yes, Elaine. You're correct. And it's been years. Russia has developed its own swift system and I am proud of them to do it.
1:14:24
Because where the bullies of the world and and when they're throwing around cutting countries off of their financial communication with the rest of the world, that's just that's not a good way to do it. It's not fair, and I wouldn't be in that system.
1:14:46
Because, look, not just in a bank.
1:14:50
I mean, crypto, I know in different, thanks for just put it that way. ..., where did you sell your robot? I have not solved my problem.
1:15:01
You can sell your boat while I'm waiting for it to go up.
1:15:05
It was kind of free for me, but, let's see.
1:15:09
I think, I, you know, I know I can't say and now, I believe Jeddah sold his for much more than it's worth now.
1:15:19
And he went to the market. If you go to Coin Market Cap, I've used Coin Market Cap for so many years. I know coin gecko's favorite for others but I'm just more familiar with this. You can do it on gate IO. just depends on the country you're in. You can also do unit swap, I don't think there's that much trading on unit swamp.
1:15:44
I think you might also hmm, hmm, hmm.
1:15:48
There's one more that we can try, and I personally, like this one.
1:15:57
Simple swap.
1:15:59
There are other Dexter's out there, but do they have Boba?
1:16:04
OK.
1:16:07
They don't have Boba, but, yeah, just go to one of these here go to the one of the one that has some liquidity, but thumb you're probably not going to want to do because it's the Korean one ghetto FTA acts.
1:16:25
Um, and that's where you can trade it. I don't know if you can go to Carolyn Brown, you'd have to check with them.
1:16:35
Pretty tau. Can you keep USD C on G pool? Not on Sheeple, you don't keep anything really on G pool.
1:16:46
I would not want to keep anything and cheaper, but what you can do is you can swap it from, let's say, gotta connect the wallet again.
1:17:06
OK, so if I had T fuel, let's just do Max.
1:17:13
I could turn it into zero point eight four T Bill, or I could turn it into.
1:17:23
Yeah, I guess you can't do under a dollar. Let's see.
1:17:29
Let's do my T bill, 520.
1:17:34
And Max.
1:17:36
So, you can see right here that my T bill of 520 would get me $571.
1:17:46
So I'm not storing it on G pool because, And this is where it gets really confusing. I haven't talked to D in awhile.
1:17:56
If you're out there, you still owe me a, A message. I'm still trying to get him. I know it's been busy, but you could store it on your wallet because this is my wallet right up here in the upper right-hand corner that's attached to my my ledger. So, I could take this ... dot Ethan. It's basically saying it's an Ethereum based USD. See how you would bridge it out to the Ethereum network. Don't ask me. I would not recommend doing that if you're going to keep it on a blockchain.
1:18:30
Um, bridges can get a little hairy uh when if peak if you have not done OMG and you're you're trying to go from layer one to layer two, which you have to use a bridge to do because it's not native For that. You could wait 2, 3, 4, 5, 6, 8 hours for it to cross that bridge.
1:18:56
And so when you are bridging something bridging is relatively new There are issues that could potentially come up because you will see and the OMG Example on boba network you will see that you send your OMG and it will disappear IE to your wallet.
1:19:16
And I know it's really stressful for for Jetta Read at times because he'll call me and be like it's it's been four hours George and this person's OMG Has not shown backup What what are we going to do and I just have to remember that. It's never failed.
1:19:34
It's been stuck there.
1:19:35
I know if someone had it stuck for two days, which really kinda sucks. Because it also depends on how much you're sending, if you're sending the small amount, then there's enough liquidity to get it from one side to the other. If you're sending a large amount, like J, I got that, I would not recommend it to J, he'd have to do it, smaller amounts that you've gotta wait for the liquidity to be there. If people are all trying to do it once, that's potentially why it could be held up because they're waiting for the liquidity.
1:20:03
To show back up, that's, that's a conversation for another time. But you could store you the value of all your teeth.
1:20:13
You'll get a million dollars and T if you will and you wanted to put it into US DC to hold it for a period of time because you think that you that's how you want to do it? Well, that's how you could do it. It wouldn't be held on G Pool.
1:20:26
It would be held in your Wallet and Theta, swap is not G pool T bill kinda is but theta, swap dot IO is theta itself.
1:20:41
This is from a Thanks, George.
1:20:44
You're starting to rift a bit, like J Where one answer to question turns into 2. 3 minutes of Great information. Great session today. Thank you.
1:20:54
I know sometimes, like And this is where I could just go on down tangents forever, but you know, it's funny when I have one on ones with people, because I have like 5 or 6 now regular people that I talk to you every week.
1:21:09
And, and sometimes, there's conversations that just last, like, All on, on T bill, or one subject. And I tried to get as deep. And dump as much into their brain. Is it can be held and then we come back and talk about it. Because I could go on and on on any of these topics for for awhile. Just because it's fun. OK, Elaine, you store USD see on the ledger absolutely. Do I remember correctly J recently said that some stable coins would be trashed. I thought it was ... that we all thought we say? I think US DC is OK tether, absolutely not. But tethered they've talked about for five years.
1:21:54
This is the issue that I have is that, know, anybody listening because we're and I'm not trying to trash pics where it's not my intention.
1:22:07
The price of silver has been starting to skyrocket for over a decade and so when you say the same thing, and it never happens it's like, OK.
1:22:19
Beck's just give us the real information, not what you you hope, and so whether or not stable coins are gonna go away?
1:22:28
I don't know.
1:22:31
So far. none of them have said so far. We haven't had a huge downturn.
1:22:37
You know, at least since 2019, 2018, no, and that didn't trash in the stable coins.
1:22:46
Is it going to happen? I don't know, but a lot of the **** coins that were out there. You know, really never came back.
1:22:54
Dant wild you know, I have a I have a handful of those coins that never came back because they didn't have a good business to keep their coins up stable coins.
1:23:09
Well, if you have bank gain of Goldman Slacks or, you know, other platforms like Coinbase is it going to be around?
1:23:20
I think so but we don't know what desperate governments will do.
1:23:25
And this is not politics, but when, When Governments that have full control over a dollar, when they start to lose that control, I'm like, I don't have to put my value Back in the US dollar.
1:23:44
I don't.
1:23:45
I could put it like in the old days in gold and silver, Which is hard to move and hard to store and that type of thing or I can move my value into a stable coin?
1:23:59
And are large companies doing that?
1:24:02
I think they are the backing it, and when they meant Some of these stable coins Trust me, They are earning money on this. It's not just that that that they put it out there for the good graces. They are earning money with stable coins.
1:24:20
So, whether or not it's going to fail, I don't know. Not as of today.
1:24:26
Banks haven't failed as of today, but in the future.
1:24:30
Who knows. Thank you, Elaine. I love your Tech Yogi webinar.
1:24:38
OK, Tim. Thank you says Thanks for the info, but gotta go ahead and under 10 30. And let's say OK, this is the last one from Elaine if you want anymore. Do it now because we're getting close to the end.
1:24:51
Elaine says like purchased eight pay for something and it took hours to show up and my wallet wait for it from Caleb. Brett. Yeah. That is a an issue right.
1:25:03
Now, with cardano, there is a lot of traffic on cardano and it is taking hours Which Brings up some concern because?
1:25:20
No.
1:25:20
It took them a while to methodically come out with the cardano blockchain Basically, what what's happening is the mem pool the memory pool where things are stored Before being put onto the blockchain. It's filling up.
1:25:37
There's just too much traffic on their network for what they thought it could handle.
1:25:43
I am kinda surprised that it can't handle more because they took a long time, supposedly, to come out with something that would be an Ethereum killer. And they're having the same problems as Ethereum. They may solve that with changing the block size and other things, But that's something that they have to figure out and that is like I did show that graphic, where.
1:26:13
Sushi swap was in the top four.
1:26:17
Um.
1:26:18
defy platforms in the last Yeah, seven days or so.
1:26:23
So, you know as sushi swap comes out and different platforms come out you're going to see the Use of cardano increase so you know it's growing pains and I know there'll be able to solve it. Because there are different solutions there, just figuring out the best way to solve it, But yeah, you know, you're not alone, but, anyway, I waited on something I was like you've got to be kidding.
1:26:48
Um, and that's what I did. Some digging in and they're like, yeah, the men pools are filling up and it took about four hours, 48 hours, because I did two different hours when I was doing drip drops and I was claiming those coins they took awhile to, to come back in.
1:27:06
OK, Leslie Black. Thank you, You are welcome.
1:27:13
And J T, What would you consider? It was a reasonable fee these days for an Ethernet transaction. I spend a large amount of teeth to Kayla Brown. Some months ago, for under $35 is $80 on the lower end, now. Yeah.
1:27:29
Depends on the time of day, honestly. And it depends on the coin. If you're sending the thorium, it's relatively inexpensive, as compared to sending an ERC 20, and depending on which at ERC 20, you're sending. So the cheap days of Ethereum are gone.
1:27:48
I know when they released their version London, it was supposed to bring down the phase. I don't see the ESP is coming down and that's why you're seeing other solutions like solana, avalanche, phantom, finance, smart chain. As a solution, people are turning to that. I would rather buy a coin on one of those chains than the Ethereum blockchain, just because it's too expensive. So that it's going to cost you more and more on the Ethereum Blockchain.
1:28:16
And when things really start to ramp up like, you know, the volatility we've had the last week or so, when it's volatile like that, the fees are just going to be skyrocketing because people are, you know, sending either ERC twenties, to liquidate or move or buy or sell. And so, when things are quiet and when things are calm, when things are going sideways. When it's the weekend when there's not turmoil, there's no wars, that's the cheapest time to do it.
1:28:47
You gotta remember also, that site Like, I won't go back to that, but NF Ts are causing the price of teeth, too, Network fees to go up because, when someone does an FTE, it's a transaction on the Ethereum blockchain. So, as the traffic increases, they can charge more and more fees. And hopefully they can bring them down. But, you know, the solution is going to be moving to other networks at this point. Because until they supposedly come out with Ethereum, to point out with supposedly is going to bring down it is until they bring it out. And they can prove it and show it. I do not believe a word, they say, because they said the same thing about their version of London that was released this past summer. It did not bring down the East peace it, but that could be in relationship to the amount of traffic. And I haven't looked at that, because there's nothing I can do about the ....
1:29:54
What is the API you are receiving on your FLN right now? Well, let me see.
1:29:59
I think it was 45, or so.
1:30:04
oh, boy, let's see.
1:30:09
Let me open up my wallet.
1:30:12
Yeah.
1:30:19
And let me go here. I think I have to disconnect. And this is where it gets a little tricky when you're going back and forth, and back and forth.
1:30:25
Sometimes it will kill.
1:30:34
Connections.
1:30:41
Yeah, I forgot. And this is where it's weird.
1:30:46
My brave does not like Flamengo Finance, just will not do it.
1:30:52
I need to go to Firefox, why I don't know I've tried everything, although I have not tried restarting because there are other reasons for that. Let me just go.
1:31:10
Let me go to Finance earn, OK, Wallet three, leger.
1:31:23
I'm sure. I can show you guys this.
1:31:34
OK, so, um, The return right now for flamingo and Neo is 42%, I think, when I started with 68, as things kinda came over, and that slowly gone down, um, but it's better, and I'm sticking, you know, uh, wow.
1:31:58
Then, this is, this is the hybrid where you have to add liquidity to a pair. And then that liquidity that you add to, to their platform, you are, Coin has created, and from that coin, that you could state that coin. And, that's what I mean by staking. So, you cannot just steak flamingo. You cannot just stayed gas. You can't just steak neo. You need to add liquidity, and from that liquidity a coin is created, and you can, You can state that liquidity.
1:32:33
But right now, it's about 42% for ..., B Neo, and gas is 49%. I don't do any of the stable coins because I would rather have an increase in the value of the coins. But, you know, USD T is 54%, so it's, it's not a bad rate of return.
1:32:55
Know, and you can then claim if you want and then restate doing a Smart steak. But like every day, I'm sorry. About 395, which is a nice return, and there is no update on Pulse X that. I know of just Because, you, know.
1:33:15
Um, It's hard to, To listen to him, just talk all the time. I wish he would just do something. I don't have. as much trust in him as as I did before.
1:33:27
Aye.
1:33:29
No. I'm really disappointed that he even brought updates and he led people to believe that it was going to happen in August.
1:33:36
Well, Word, at the end of March and August and March are really separated by a number of months and when people don't follow through, that kind of annoys me. I don't have as much respect for them because just tell me the truth and I can deal with it. Just don't say one thing it's going to happen in coupon prompts in that it's coming. It's coming and coming, because then I just give up, I don't want to deal with them, because I, when they don't say correct things, I just believe them less and less. There's no other way to, to deal with that, because, they're just not being honest.
1:34:15
So when it's going to happen, If, it's going to happen, I think it's going to happen. Is it gonna happen in 20 22? I don't know. Could be moved off 22,320, 24.
1:34:24
He took on a big project and he had such a big ego that he could think he could get it done because he's so smart in a fixed amount of time.
1:34:37
Well, if he was that smart, he would be able to figure out that. It's not going to be that quick.
1:34:45
OK, I think that's it for now, guys, Thank you for joining. It's been an hour and 35 minutes. I do enjoy the Saturday Live streams. We will probably have one or so in March. And thank you for joining me today. Everybody have a great rest of the weekend. Take care.