Tech Only Live Stream with George

0:04
Happy Saturday!
0:05
Everybody, it is a beautiful warum question Mark there. Saturday morning, and I'm glad you could join Jeddah and I and Jeddah.
0:16
Hello, How are you this morning?
0:19
Oh, great, How are you, George, or I'm sure I say, what are you calling yourself this time? At Tech? Yogi a someone that I consult with on a weekly basis, she gave me that name, and it was like, Oh, I kinda like that, it kind of is a little bit better than crypto lab. Because then when crypto it says, oh, crypto, oh, you're into Bitcoin, And that this one just kinda gives a very generic and death.
0:51
Maybe I should put my license plate that my South Dakota license plate. That's what I will put that there. For all your nomads.
1:03
OK, well, welcome to Saturday, We're gonna go over some of the questions.
1:06
There's, there's couple of things I wanted to cover before, which I found really interesting.
1:12
I stumbled across it, and I thought I'd share with everybody, Jeddah and I spoke about this yesterday and that there was a guy who had some theta locked in a treasurer and he forgot his password.
1:30
And since he forgot his password, I guess, you know, with the price of theta and T fuel, going up and down who knows what the value was.
1:38
But, at that point in time, when they did the the article and maybe the video, it was worth about $2 million.
1:48
And what it showed was, at that point in time, with the firm where that was installed on the treasurer, this little genius guy, Joh grand, was able to hack into a treasurer.
2:06
And I'll put the video down below for anybody that is a techie and wants to know how it was done.
2:15
But it, When it was done, the guy got is his theta back, I guess. But one thing that it showed me was, number one, you want to keep your hardware wallet in your possession. And number two, you want to make sure your firmware is always up to date.
2:34
As the, as you go through the video, it shows that there are certain pols, certain security flaws that are in different pieces, the hardware and software. And if this guy, not this guy but the one that he was working with, had patched his firmware up to the latest version, he would not have been able to get in.
3:00
Because the next version of that pretty much took care of the, the security flaw that that he stumbled across. But it was, it was really kind of, it really was kind of interesting to see that it could be done.
3:18
Which just, you know, brings the fact that you should have your 24 words, because this jedi realized that the guy didn't have as 24 works backed up Because then he would not have had this, this issue, so he forgot his password, but frankly, the idiot did not backups, 24 words, or 12 words. I can't remember, they, they briefly?
3:43
Masked out the words but if he would have had his words, he would have been able to recreate his wallet somewhere else.
3:52
They really not. where they are. Not that I could tell, brought that fact up, that this would have been an easy solution, if he would have written down as 24 words. So, he's was not that professional.
4:05
And didn't know what he was doing back in, when was it 2018.
4:10
So, it just, you know, remind you, once again, keep notes, and not necessarily electronic notes when you're talking about words, But I, a friend of mine who's in this group, she takes notes on everything. I would ask a question.
4:27
And she said, oh, well, let me go, look. And it's, she'd go back, and back and back. And she just take notes on everything. It's, it's, it's pretty amazing. I take note, but I don't take cuts, like, gosh, she does.
4:41
So that's really what I wanted to to cover on this. I'll leave these two articles, because I do find them a little bit interesting.
4:50
And let me take a look at the questions.
4:55
We're going to go over some questions that that people brought me.
5:03
Yeah, before we move on, just just for everyone on the webinar today, I would say no.
5:11
Watch the video.
5:12
The other article is probably worth reading for contacts.
5:16
But, watch the video. before people start freaking out about their, oh, yeah.
5:20
Hardware wallets this.
5:22
This was not, No, some guy running a hacking program on a computer. I'm breaking into the device electronic.
5:33
Through software, you actually disassemble the device. And soldered certain pin sorry.
5:42
And the processor chip and I mean this was just not your average software hack, as you said. She's a hardware hacker.
5:52
He's got a probably, or at least the ..., went to Engineering, Lot of people, you don't, know, which electrical engineer, Well, that's somebody who actually would Tronic equipment.
6:06
Um, So you guys, pretty bright, so this was not an easy hack.
6:13
And I think you were telling me that he'd been three months, three months No.
6:20
Figuring out how to do this on nine, this particular person's treasure word.
6:25
But yet, he took apart a bunch of treasures trying to figure out how to I'll hack, you know, how break into the hardware.
6:36
Everywhere.
6:39
Just as a younger kid, you got in trouble with pops. It was arrested and everything more for hacking. So.
6:50
It's well worth watching the video so that you have a full appreciation for what happen.
6:54
Doesn't mean right now that your hardware wallets aren't necessarily Aboriginal skin.
7:01
People start panicking.
7:03
Distortions, keep them in your possession, can lock them up, keep them in your possession, or however to secure them. Because this was not a remote hack at all, this was definitely hands-on.
7:14
Yeah, it took them three months. And this is the crazy thing. You know, Jedda, when we're talking yesterday, and I said, oh yeah, I'll contact this guy, and I did a contact us.
7:23
This website is completely different. Remember how, I said, I'm going to have to tell him he needs to put a secure cert on well. He put a secure cert. So he must be getting inundated.
7:33
He just probably found his, his calling to earn a lot of money.
7:40
Because this was not like this, when, when I, when I was here yesterday, I mean, completely different.
7:48
So, interesting.
7:50
Yeah. You could buy hardware, a hacking from him.
7:54
Um, and so Yeah. He's probably found his calling. That is Good for him. Go Good. for. What was his name, Joe?
8:03
Joe Grant? Congratulations.
8:08
On that note as well, again, before we move on, people often ask, Hey, can you help me recover my coins? How much is it going to cost?
8:18
And that really depends on circumstances surrounding how you are, why you cannot access your points for something like what he does.
8:30
There's actually companies, established companies are his father, son, that we're, you know, software hackers, or cyber hackers, gone into business and recovery pupils, coins, when they forgot their password.
8:49
But they go through a series of, you know, password checkers and all sorts of things.
8:56
And they start out Charlie, you know, their, their fee is 20% of the recovered coins, and it scaled Where it doesn't get down to 10% until you have 100 Bitcoin worth points.
9:15
So they, they measure in terms of Bitcoin is like 0 to nine is 20% tend to um, Every I forget what you say 10 to 99.
9:29
Whatever the number is scaled to the bigger amount The lower the fee.
9:35
However, their fee never drops below 10% so something Like what each guy does I can imagine it's very lucrative for him.
9:44
But You know getting back 70 70 or 80% of your points and getting back to your own percent, so This should be pretty pretty lucrative for him.
9:55
Yeah, they're early should um, OK, so let's let's start with the first one. It says, I staked, SLM a nail on the new flamingo platform in the same way as a stake than the legacy platform. But I couldn't see anywhere to claim staking rewards. And in the end, I onstage and restate using the smart stake process. And now I'm getting rewards. Have you had this experience or is there some other place to claim rewards when you don't use Smart today? Yeah, I thought it was right. I just actually tried to do it in a different page.
10:27
I could not get the flamengo Finance on that one.
10:29
So Hey, Jeff, can you see if you can get to?
10:34
Let me go Finance for some reason?
10:39
It just, you.
10:42
Know, I, I do have my VPN off and it says page unresponsive, which is kind of, let's see, if it's, I'm going to try a different browser.
10:54
Um, I'm using Microsoft Edge, and it went right to it.
11:02
OK, that was brave, let me take a look.
11:07
Brain has all of those shields.
11:08
It throws up there, that sometimes you're isolated.
11:15
That's really kind of weird when you do that.
11:18
Mmm hmm, OK, so, here it is, That is weird. I don't know what's going on and I need to restart my computer.
11:26
But, if I go to earn and I connect my wallet which, let's see, I am not using Neon out, Jeddah. You can talk about that.
11:41
And a little bit, let's see if it's going to work for me.
11:44
I did not prepare for this. And we'll see if I have other things open. I have a lot open data. Do you want to talk a little bit about the Neon your experiences while I try to figure the site out?
12:02
Sure, so, both Neo Line can need Neon, always allowed you to connect your, your hardware wallet, and Neo in Line.
12:15
Just recently added that feature.
12:18
So you can connect your hardware wallet and access your your new coins Neo flamingo gas, whenever you have. You can access now.
12:27
However, when it comes to, um, speaking on flamingo, it will always fail.
12:35
The only one that is consistently works is using the O three wallet with the ledger.
12:42
Now, if you have your, your Neil line, and I haven't, I haven't tried the Neon Neil line, which is a web extension, and you're using that in a soft wallet mode, meaning the private key is on your, on your computer instead of your hardware device.
13:05
There's no problem with the staging, or transfer, or any of that stuff.
13:09
It's just on both Neil line and Neon, when you're using the ledger to secure your coins.
13:16
Apparently, it doesn't, it doesn't work, And somebody had posted, I forget where I, because I posted a question somewhere in one of the discussion groups, and I think somebody came back and said, Well, flamengo users, 3 or four different contract calls When, when you try to stake, and apparently the device only likes to see two, so as it does use multiple contract calls, it kind of errors out.
13:47
So, bottom line is, if you're going to use your hardware wallet, and you're going to stay Young flamengo, not Finance, O three is Still really the only interface that works.
14:07
Course, I can all change in the next update. But right now, no, no, no, tomorrow. It could change tomorrow because you know how it's changed so quickly.
14:15
So this is the interface that that I use which the claim button is right here and I'm not staking any right now in this particular wallet.
14:29
So let me see if I can get this up.
14:34
Doesn't want to do it probably because it is flash. Nope. There we go.
14:38
So right here under earn, uh, navigate to the top urn, and then over here there's a button claim.
14:47
And if you click that, it will bring that up, and you can claim now.
14:51
So I'm not sure what you might see on your side, but that's the only place that that I've claimed by clicking that. So let me know how your experiences with that one.
15:07
So, and on this, as well.
15:09
And the latest version of this, when you go to claim and it throws up that dialog, If you had a pool that you were running right now, George, you would get you would get an A an entry on that. Then the popup will change, and we've shown which pull, because people run multiple panes.
15:31
And they may not want to claim, Romm, know, all the pools at lunch.
15:38
So each pool that you run will be listed And there'll be a checkbox for you to check off.
15:47
If you don't, if you don't check that checkbox, you'll get an error, and it took me, you know, only about 25 times to figure that one out.
15:55
Can, so, so just always watch what worked yesterday or were five minutes ago.
16:03
Doesn't mean it's going to work, you know, now, or tomorrow. Or Maps.
16:07
Yeah, 'cause I know, three days ago, the brave worked for me, but I've been doing some things.
16:16
So I'll see, let me get back to Brave and see, OK, well, yeah, doesn't matter anymore. We will move on to the next.
16:28
This is from Mark George. I asked this question about notes during the live stream. Jay, read it, and hand it off to you, But, unless I miss it, yeah, I did not get to it. I know I could research the Internet, but I would like to really hear your opinion expertise on it. And I'm hoping this is a better time to ask.
16:47
Absolutely, it's about our time. The question was, a family member told me he was making weekly cash from using nodes. What the heck is a node in relationship to crypto? I also enjoyed reading Jedis Message on Telegram, so it would be good to hear him. See Jeddah, other people like you, more than they like me, don't get me wrong like we joke back and forth because he participates in telegram more than I do. Because I kinda wanna life back a little bit, and plus I have a young, and you're young, and are all grown up. But Mark, a node, is really as generic, as same crypto.
17:24
And the reason why I say that is, I've run nodes before I had A a couple. What did I run? I ran a, well, I did a test node during the beta process, in a Guardian node for, for Theta. Before, that was released, which kinda, Kinda, counted kind of, didn't get counted because I got free coins from it. Didn't count, because I did not want to run it, going forward because out of my house, which I would have had to do. it. It's, it's a little tricky, because if you're not at 100%, you don't earn as as much, so, where things are placed and what you're running the node on Count. Trying to think. The other one, I had a master node.
18:17
And it was What coin was that I no longer have coin. But it basically the idea of a node that there's a couple of reasons for nodes. I think the main one, honestly, is to lock coins up.
18:32
And so, if a blockchain knows that nodes are going to be out there, and they need to lock up a bunch of coins, so that there is not as many liquid coins, the price is going to go up.
18:48
So, a node also secures a blockchain.
18:54
Meaning that there can be transactions that, that happen on it, that they are there to make the blockchain stronger and more diverse and in exchange of that, you might earn some coins, too to run it.
19:15
So a node, you know, you have to pick, well, let's do this because I know there are some out there.
19:21
best nodes, crypt, so nodes are you doing that too much?
19:31
I've always viewed a node as part of the distributed processing on the Blockchain that occurs.
19:38
Because it does it consumes resources, whereas when you stake, you're basically lending.
19:44
Your coins T two Another contractor, another device, um, to use for whatever purpose is to create liquidity, this sort of thing.
19:58
And so Georgia did.
20:03
If you run a node, are you you're not mining new coins Put your processing transactions on a network.
20:12
Correct. And most of the time. And that's why it's so hard to say this is what it is.
20:17
Because if you look at, like, cardano Ethereum, poke it out, solana, no Ethereum right now, your coins are locked up, if you have them.
20:31
Well, I don't even, I wouldn't consider it necessarily a node because you're kind of staking. And it kind of blur between the two on Staking and running a node. And it also depends on the, blockchain, because what I've found like historically.
20:51
Is that someone could run a node and whether or not there's a thousand coins or 5000 coins shouldn't matter, but what tends to happen is, if you want to run a node and earned money, I think it would be better for the blockchain to have a thousand dollar limit. Then you can have maybe five times as many people participate. But some Blockchains had the limit to 10000 or 5000.
21:19
And so that's why I know part of their reasoning is to lock up those coins because you're getting A, You're you're getting payment for it.
21:31
But whether or not you have 5000 or 10000 or one thousand doesn't matter if you're running a node?
21:38
You are doing the processing.
21:41
And What that also means is that people that have more money, more coins.
21:47
They are the ones that will be earning the, you know, most of the The returns.
21:54
So if a blockchain really wanted to be distributed and, and do a great job for that, we'll then limit it down to one thousand and have more people enter in.
22:07
But of course, there won't be as much earnings because you're going to have you know potentially 5 or 10 times the number of people doing a transaction, but there are, there are There are blockchains out there, like I think.
22:21
I haven't gone to this blockchain and awhile bitcoin black and no.
22:27
Talk about scam coin They wanted to set up a node and you know they'd give you some stuff for you know setup a Linux.
22:34
And so it really depends on the Blockchain and I wasn't necessarily expecting this to pop up because I don't necessarily like cardano and Ethereum.
22:47
Those are huge endeavors to To put up a note. I know that there are other smaller ones.
22:55
I mean that the amount of money that you're going to have to put in for something like Ethereum and for the long term, is is pretty expensive, OK? Here's the masternodes.
23:09
Who are they saying? that to, I have to go in.
23:14
Oh, here we go.
23:18
Helio's Helio masternode there there was a website out there that showed the earnings of different masternodes.
23:27
And, so, basically, the idea is a node holds Coin's, does certain types of transactions for that particular blockchain and then return you earn some coins from that.
23:44
So that's basically what a Node is. And so it's hard to say this is what this Node does. It mean there are obviously a lot more nodes out there, masternodes type of thing, than there was when I did it. This is like two years ago, 2.5 years ago.
24:03
So it just depends. I've been looking at something, I think it's called Thora Network. And it's an Ethereum based because Ethereum is changing.
24:13
um, you know, going to like mining to more proof of stake. I'm kind of interested in that longer term.
24:23
But, you know, your return on it. You have to look at to see, you know, number one, is the coin worth investing in? Is the coin worth holding?
24:33
And if it is, then you might want to think about doing some, you know, some run in and out, OK, Bovey says Neon wallet for lingo Finance. I was able to connect my wallet, I was able to add liquidity to FLN gas.
24:51
Then stake the coin, SLP SLM Gas, which is the coin that's created when you add liquidity from flamingo and gas. However, I was unable to wrap my Neo and ..., and there was an unknown error, I refreshed, et cetera, Same thing, connected, disconnected, Same thing came back the next day. Same thing, reduce the amount of neo to rap in the same thing, I always made sure to have enough gas for the unwrapping Seems to be a problem.
25:21
Jetter, you, covered that a little bit, Didn't you?
25:25
Well, I kinda talked about, yeah. If you're, if you're.
25:31
I'm looking here.
25:33
So you're using the Neon wallin, but the question is, are you using it with your ledger Or if you're using the soft version of it.
25:45
But, look, the way I would attack, I would solve this problem.
25:49
I would convert the Neo, because there is a swap feature implementing finance.
25:54
I would convert that all over ..., use a smart steig, and stay that flamingo, what is going to do if you have one thousand dollars worth of Neo, And you convert that to one thousand dollars worth of flamingo.
26:12
Well, the Smart Stake is automatically going to take half, is going to take $500, were the lingo, and set it aside. And not touch. It's going to take the other $500 worth of flamingo, and convert it, and Rapid, and tie it up with a bow and everybody's happy kind of thing, and then, it throws it together in the pool for you automatically.
26:34
Um, otherwise, if you want to manually go through the process, you could have ended up skipping a step, like, OK, I've, I've created my liquidity, why isn't showing up? Well, did you actually stake it?
26:47
And maybe, maybe you did or didn't stick it on top of it, so the smart snake automate that process for you.
26:55
And I've done some side-by-side comparisons.
26:59
At one time, I think we, we believe that smart snake was more expensive than doing it yourself.
27:06
I have not seen that, since it's moved over to M three.
27:11
Oop.
27:11
By the time you do it all yourself and the gaspe, Japan, works out to be about the same.
27:17
So in this case, gif, Um, if your ledger is the wallet you're using, you're connecting through Neon, um, yeah. It's probably one of those things that they just have to update.
27:34
Update the software to make it work.
27:37
Yeah, because if you're using the assault is doing that, I don't know why you're getting that error. I would just go back and manually convert the ... Smart snake.
27:50
Whenever liquidity, we want, I will say this.
27:55
I'm smart staking, my plumbing, go, Do people know, das, liquidity, pool.
28:03
Because you don't have to wrap your gas on entry, it just takes it natively so that, you know, when you shake it, you know, you're not going through another layer of contracting to.
28:19
I mean, you're going to kick it out, liquidity pool, but then you don't have to unwrap the gas natively, gash.
28:27
So and in the pouch, The APY on the gas flamengo pair has been pretty, pretty much high.
28:43
Well, the only thing hires if you're using USD T or Bitcoin or Eve, Yeah, be careful if you're going to wrap or you want to try and pair up flamingo with either the Ethereum were the U S D T.
28:59
Because they both interact with the Ethereum Blockchain.
29:04
In the process. Yes.
29:05
There might be some hidden fees that you run it.
29:07
I mean, as an example, I was testing once and I did the USB key.
29:15
Let me go pear.
29:16
And in the process when I went on stake in everything, I only had like $6 T 5 or 6 who's like just enough of it to see if it would work.
29:30
I'm just going to cost me $28 to, to convert none steak, $6 worth of USD T so, it's sitting out there and in the blockchain.
29:41
Either somewhere. Because you want to pay $20 to get six.
29:44
So, yeah.
29:46
Yeah.
29:47
And I was gonna say, and there's there's a project that Jeddah and I are it's been on my radar for quite some time. And I haven't gotten back to it, because I need to get a ledger. So, so, we can kind of share some of this. But I I have someone that has USD T that they they took off the flamengo site onto the Ethereum network. And it's about, it was, I don't remember how much it was.
30:18
I'm kinda looking at pictures but be careful when you're, you're doing non flamengo in Neo on that.
30:27
And don't take it off onto a native Blockchain because number one, the fees to get things on and off bridged into the Ethereum network are huge. Someone wanted $16,000 to Bridge.
30:47
There they are wrapped USD T back to the Neon and It's, it's on the list to see how we can get around that. But it was, you know, for three grand.
31:00
It's bridging is new and bridging meaning going from one blockchain to another. It.
31:08
it sometimes doesn't work, and when we're doing the flamengo airdrop a long time ago. People were trying to bring over a theory, M and bitcoin, and things were getting stuck and the fees were just outrageous.
31:22
If you're gonna use wrapped Ethereum, wrapped Bitcoin, buy it on the blockchain that you have. If you don't know how to use it, reliable.
31:33
Bridging. Hey, Joe, Did you remember the, The site for the bridging, is it anywhere?
31:40
Um.
31:42
Any swap, I think, is that it?
31:45
Yeah, let's take a look.
31:49
Let me see, each one, yeah.
31:51
I think it is, let's see, and any swap is kind of cool.
31:58
Site, it doesn't handle neo, but you can bridge things from, um, you know, all these different coins.
32:09
And blockchains, sorry, I should say kinda two others.
32:13
And it looks like they've added a couple more and most of these coins, I have no idea. So, there's a router. There's a bridge.
32:22
Honestly, I don't know what the differences between technically on, there's, I know bridging bridges to routing. You can go to different blockchains, but it looks like you can also, You know, go within.
32:35
So, you know, some people have Finance, Smart chain.
32:40
Some, let's say USD T on Finance Smart Chain, they want to put it on the Ethereum Blockchain, or vice versa.
32:47
This is where you can know, them. I reliably do it.
32:51
There's a project I was working on, and they use this on the back end. So, Yeah, that, that's something to look at, but let's not go too far down that rabbit hole.
33:04
Let me get back to, I think that was the last.
33:09
The last question for that, and so we'll go into questions you guys have submitted right now. This is from Mike, to make sure that was swapped on Exchange.
33:23
If you do any swap dot IO goes to phishing site, and that's not, you know, Bass Pro or anything.
33:30
The, or if you use any swap dot com, it takes you to someplace else.
33:36
Yeah. Also, be very careful.
33:41
You know, what would you, would you type in.
33:44
So, these cases, any swap, not an exchange, and that's the one you want to make note of.
33:52
And I will put that in the, I can remember to put that in the show notes, I'll just keep that one open.
33:58
OK, it says good more, and you know the other thing is, guys, if you are uncertain, send an e-mail, and, you know, it may take, I do priority. I prioritize things when I'm, I'm busy, so the emergency ones, I'll take care of. The other ones, you know, I'll let go, maybe for half a day, or a day, potentially, especially on the weekends.
34:20
But, ask someone, knowledgeable. And, you know, it'll make your life a lot easier, because people are still getting scammed. They're all different kinds of scams going on. and this this next question is all about that. Good morning. Would you happen to know if phishing, e-mail, scammers use, read receipts? Probably?
34:42
They probably want to know if it's a, if it's a good e-mail address, because back in the day, way back in the day. And then when was I there? Will just say back of the day, pre 2000.
34:58
You would have read receipts that were, you know, if you like, that's fine. You'd also bounce e-mails. When someone sent A, an e-mail address or an e-mail to a bad e-mail address, it would typically. The, the e-mail servers would bounce it back and say, Sorry. This person isn't here, try again. Well, that just led to harvesting of e-mail addresses.
35:22
So, you know, spammer with spam Gmail or a company.
35:29
And they would, you know, get all the mikes and John's and Jains and Joe is in all the regular e-mails for people and know that they weren't good and then they would sell them off and say this is a good e-mail address.
35:42
Now because they ever signed up for anything or consented or found the e-mails dress somewhere, they would just spam an e-mail server and see which ones didn't bounce back and they weren't good. So nowadays, e-mail servers, take them all in. And you have to kind of force it to do a, Sorry, this person isn't here anymore. So, yes. They will absolutely do read receipts.
36:07
If If Jetta sent me one with a read receipt, I wouldn't I wouldn't allow the read receipt to go out, I don't allow anybody to know my business. And so if there's a read receipt, I never, ever let it go back.
36:23
Good morning, Elaine.
36:25
Millimeter, hmm. Oh, OK. Good. I can't see the questions Georgia.
36:32
Sure, I'll do that, I don't think in the in the panel down below under I think it's under webcam you'll see something that'll just say like questions and then a low.
36:44
Yeah, and if you pop that up, you'll see it and the questions ride over everything OK?
36:53
OK, AA says is Staking on Boba Network with anything like OMG, Baba etcetera at USD able to be done with keeping coins in your own wallet or protecting by a ledger. Yes.
37:06
Let me, let me look at something first.
37:11
Um, You know what? I think it's going to be OK.
37:17
Yeah.
37:17
I'll just, I'm not too worried. So, Bridge to boba.
37:24
Uh, that's the wrong one.
37:30
No, it's not.
37:30
OK, so here's Boba, You can still you can still get the airdrop from it, but you can under earn, you can stake your boba.
37:44
So I have 45,940 bova staked.
37:50
And so far, I've earned 3.25. I think, I've had this staked about five days.
37:56
It's not that much. The fees are rather large.
38:01
Because it's an Ethereum it's on the Ethereum Blockchain. You have to pay Ethereum fees. So. So, Jeddah, probably, that screwed over with the Yeah.
38:13
The story is I borrowed 100 boba from from Jeddah, because I needed to do some experimenting. And I gave him some back not just 100, but some more. And he staked it.
38:27
And you probably, are you ever going to even get your money back at stake in currently to onstage is, or to even claim she goes back to one of these. You're going to spend $25 to clean 50% worth of coin.
38:46
So My point, and I'm taking, I know, I'd have to go, well, because the market has been down.
38:54
It doesn't seem like Ethereum fees have gone down, there just increase in total dollar amount.
38:59
So, um, you know, if it goes back up to five, $6, it might be worth, but right now I'm probably paying Warren Ethereum based on steak.
39:11
And the amount.
39:12
I don't mind um Georgia sharing your choices are generous, he you know he borrowed 100 gave me it gave me 500 back and you know I Asked him if he would Could do that with all my other crypto? But I think I'm thinking well, but Bitcoin Black, I.
39:34
Well, what's that?
39:38
The Bitcoin, Bitcoin black, you can have all of it.
39:41
OK, so I have phi, I have 500 boba state and it's not, I mean it's earning, you know, two or 3% a day kind of thing.
39:54
And I think I looked at on staging the bova and then selling it off, which is what I did with my original batch.
40:04
And it's just weren't the right issues.
40:10
It's probably the risk of losing the coins.
40:16
Like it bouba goes to zero or something To me It's it's not worth spending to eat these to pull it back unless I was going to convert it immediately to to something else.
40:28
But I'm I'm showing breakeven at this point.
40:32
And, and sometimes we do things just to do them and experiment, and you know what, I didn't even think that, they would charge a separate fee for harvesting and let's see.
40:47
$25 to harvest.
40:50
And you know what, And that could be?
40:53
It may be part of the contract. Sometimes when you do an Ethereum oh, you guys can't see it, OK, that's fine.
41:01
Sometimes when you do something like this, meaning hold on, I'm gonna cancel out of this, meaning you, you use A.
41:12
smart contract. That's not a part of the master smart contract.
41:18
You have to pay to use the smart contract, and then you have to pay for network fees.
41:25
I was working with someone, I don't know if he's here today. He may be. He may listen. But, we've actually turned out to be friends. And, as much as you can, be friends over the Internet.
41:39
And we were sitting there, we're doing boba, claiming it, and we're just sitting there talking, talking, talking, waiting, and was like, oh, yeah, I forgot. We have to actually move that we approve the contract, and pay that fee. But then, we're waiting for literally about 10, 15 minutes just jamming away, and I noticed, Oh, yeah, we need to actually move the coins. So, there are typically two transactions that occur the first time. The second time, if you ever do something on a platform like this, like steak on stake. The second time, you don't necessarily have to approve the contract. The smart contract again, it's already been pre-approved because you've paid for it earlier and so that's why some people get a little bit confused. Like wait last time I did it twice and now I do it once. Why?
42:28
Well, it's all based on the smart contract that you're agreeing to and it would be really nice and maybe there is some way to do this but I would love to look at some of these smart contracts in a readable format like these are the fees and that type of thing because we're all just saying, OK yeah, we have to agree to the smart contract. There's, it's like going through TSA. You either go and be frisked or you know take into your ether or not so there's no ways around that.
43:01
Georgia, 3.25 boba that you earned, He's worth about $5.5 right now so yeah.
43:12
So if you weren't harvested at each point 25 to claim 5.5.
43:15
Yeah.
43:16
Now, I will wait, I'm, I'm waiting till the end. I don't know what that means. I, one of the ends or at least the rise before I will do that.
43:26
Because, that's one thing.
43:28
And maybe we're, if we have time, I'll, I'll cover something that I don't talk about on the live streams because it's, it's really just tech related and not swing trading. And this is from sandman hydrogen Jeddah.
43:44
I'm trying to withdraw my FLN from gate IO into Nearline and Gate, goes through a pending phase and says that way for about an hour and then goes into canceled gateway support and three, not sure what might be going out.
44:00
Question like issues like this, when they are exchanges. I would contact gate IO. They may have something like you did not tick a box, and you're not approved for it or something like that. I mean it could be, that your account has been flagged or that they don't have the liquidity, that one is definitely a gate IO question because you know, it's, it's there, it's there ballgames on that.
44:29
Um, Byron, So on review can we stake our flamengo on their site?
44:37
What is the length of the state that can be done and can you exit anytime? is the only site to stake FL him? I don't know if there are other places to stake FLN.
44:50
I know that there is a series both on my site, and let's do this.
45:02
If you go to Black Lab and you go to Coin's Staking, neo N three Network. If you go there, you can also go to the Bitcoin Academy dot net.
45:16
This is just more tech tech tech.
45:20
This is a series of videos that I've done, that go through and show you the different ways, you know, you can do smart staking claiming ..., Um, and I would recommend going there and looking at the neo and three network too, to see, you can unstack it anytime. I liquidated. When I saw things kind of crashing down earlier, I liquidated a lot into USD T and sat on the sidelines, and then I'll enter back in.
45:54
But I'm just changing some of my strategy, trading strategy And that was one thing that that I found was very easy, and the reason why I say it was very easy was if I wanted to liquidate my OMG, if I wanted to, liquidate my, my ship, if I wanted to liquidate anything on the Ethereum network, Earache cost me a small fortune.
46:21
If I liquidate, and I'm saying that it's, it's not with kale Brown that I liquidated.
46:27
But on the back, hold on, On different platforms, you have different options. And so I'm trying those different options if you go to.
46:49
Nope.
46:53
If you go to something like convert and you have a coin, it's going to make Bay, do that.
47:03
Mmm, let's go here.
47:09
You could, it's not going to show me the different ones because I don't have anything in there but yeah, I could convert I could easily convert my neo my gas, My flamingo into a stable coin, you STT.
47:24
Um, and so I did. And so I wanted to hold some value.
47:29
The fees were pretty minimal and so that's what I decided to do. And so on, different platforms, on different Blockchains, I want to hold some value. If I see something, you know, going going down, instead of writing it out, you know, most everything else I did write out, But I wanted to try this as a different strategy.
47:51
If I can save myself 5% on the number of Flamengo I have, that's great, and it also allows me to experiment and see, you know, if something like this works and the fees weren't that much, the liquidity was not fantastic.
48:09
Like, I couldn't liquidate into U S D T all at once. I had to do it in blocks with the amount of flamengo I had at that point in time. So, you know, there are different ways of doing it. But I also, I'm a tech guy, and I like to experiment. And I know what I'm doing.
48:29
If you don't know what you're doing experiment now. See how you feel. Play with it. Play with a blockchain that is really inexpensive to use.
48:39
Neo is pretty inexpensive, so as litecoin No, I recommend.
48:45
I actually picked up a new client this week, and I said, you know, as part of the whole process of feeling comfortable with crypto because he said, I don't feel comfortable. I'm not a techie. You know, can you worked with me? And I said, Absolutely.
49:01
This is the fun stuff, they said, Pick a blockchain and do a transfer, um, do 10 transfers, do 20 transfers. Just do things, sending it back and forth, so that you feel comfortable, that you, bill, you've built up that confidence.
49:17
You're like, Oh, I can send one million dollars now?
49:20
And I've done that not very often, but it terrified me the first time. In fact, the first time I let my son touch the button so he could, you know, way back in the day, say that, you know, he, he sent so much.
49:33
And What you wanna do is you want to build up your confidence before you need that. confidence, You know, when we get to the height and people are panicking they're like, oh my gosh, I need to get these coins in Kevin Brown. Here's the address. And I feel nervous and I feel upset and you know, this is you know, churning my stomach.
49:50
Take the time now, sit down, spend $5.
49:54
Which is a lot if you're gonna send neo or litecoin $5 is a lot of transactions, and send them back and forth. To two wallets that you own. Always do a test, and you can do small amount.
50:08
But get to that point where anything that you fear, I'm just going to say, in general, and in the tech side, Do it, Until you don't have that fear.
50:18
I know a lot of people say, when I'm when I'm working with them, Oh, you know, can you press the button?
50:23
Because I'm afraid to do that, someone shouldn't be afraid to do that. Send $10, and then send one thousand, and then 750,000, and then send 100,000, and then send a half a million dollars, and then send a million.
50:34
And by the time you have that confidence, you're not fearful. And when you're fearful, you make mistakes.
50:43
When you feel comfortable about doing something, you know that you've done this before, you know that it's gonna go through. Because you have the experience to back it up, and not just, well, The tech guy say that it's gonna go through, even though I did a test. oh my God! If I'm gonna be sending $100,000, I don't want to lose it.
51:05
When you have that confidence, it will go right through, because you've proven to yourself in the past that it worked, and so, you don't even have a doubt in your mind.
51:19
I think I answered that question kind of went off on a tangent, but OK.
51:25
This is from Brian.
51:26
Hi George, I haven't quite wrapped my mind around T drop.
51:31
How T drop will be vaulted Are valued. Sorry. Will it be a coin that is listed on Coin Market cap or will it exist just in the theta ecosystem? And what if any is the value now?
51:45
No, I'm still waiting for D to get back to me. We weren't necessarily gonna talk about that, We're going to talk about T Bill. But let's do.
51:53
I looked.
51:57
Yesterday, and there was nothing, but I did post something, that I don't have any data.
52:04
That was not my wallet, and I'm not just saying that, because I asked someone, if I could use that screenshot.
52:12
There is no T drop, right now being posted, so I don't know the value.
52:21
And the market will determine the value when there is an exchange, So it's, it's relatively new there. You know, using it for the ETFs, and so I can't answer that because I just don't know.
52:35
OK, Sandman, any updates on Islam, airdrop, and ADA Sunday swap airdropped? I Yes. And you know, Oh, I didn't release that.
52:48
There.
52:50
Let's see.
52:51
The SLM airdrop, I'm guessing, the first part of February.
52:56
I don't know if it's going to be February first, or February fifth.
53:00
There will be, some, X, L M, dropped, sorry, in your X, L, M Wallet, will, will be dropped. You won't necessarily be able to see it on Ledger Live, you're gonna need to go to stellar term to take a look at that.
53:17
But I don't have a schedule and I don't think that, you know, some of these airdrops are so vague.
53:25
pulse chain. Paul Sachs where, you know, they say one thing, like Richard Hart said, I believe, back in sheol June, July that it was going to be in August. We're going into February, and pulse chain is nowhere to be found. And he's done another sacrifice for pulse X.
53:45
So he's been wrong. Even though he claims he's seen Bitcoin's top, he's wrong on what he has control of to bring to market.
53:56
So, thanks, Richard.
53:57
So, you know, it depends on their their meaning like SLM and aqua their timeframe.
54:06
I know different like, when was it, this was theta, Guardian, no testing, like they would do it. They said the first week of a month, so I don't have the exact date. If it goes a week into February and people don't see the ... when they're their wallet, then, you know, we just have to check their schedule. As far as ADA and Sunday swap. I have, I think about a 30 minute video that I was going to try to get out before this show, but I will, I will publish it just after.
54:40
It doesn't have a lot on the Sunday swap Side of it, but well it doesn't doesn't because Investigating Sunday swapp Made me investigate cardano and cardano.
54:57
Um, It's it's a Bigger it there's more details in that could cardano Blockchain then that I realized like I stumbled across the tokens. How you can get free tokens. How you're going to need to Change or not your wallet, but the way you view it. So you know if you have a hardware wallet like ledger, Which is why I highly recommend it.
55:22
You can go across any wallet that that any Blockchain supports a hardware wallet or the ledger hardware wallet. So, in case of cardano, let's do this.
55:36
Now I think I have all my Yep. Links.
55:42
Let me see. Yeah, I'm not ready to do that one, because I'd have to go in. But basically, there is a way that you're going to need to access the token, the Sunday swap token, and look at it.
55:58
In a different wallet than a light I'm not sure about yori, but there was a wallet that I was doing. But let me see, I think now I have to use.
56:11
Let me go over here. I was not prepared for this, but that's OK.
56:16
Let me go to Brave.
56:19
OK, I think Drip drops.
56:23
Drip drops is a place where you can see some of the tokens.
56:32
Um, so With my wallet, I can go ahead and look at some free tokens that I took advantage of, and I don't think it's going to show it in here.
56:45
The other stripper coin, you know some of the other space coins.
56:50
And This is where you can get some free coins.
56:58
Just because you're participating On the cardano, the video has a better display of that.
57:05
Then, then I'm going to go through because I kinda go in detail.
57:09
But, yeah, that's the long version of your, your question. Sorry, I need to jot something down.
57:17
OK, this is from Sandman, is there in Permanent loss when one coin in the staking pair goes six times and the other two times followed by the first going to times and the second going six times. It's still the same ratio when started.
57:34
The same dollar ratio, so, there can potentially be some and permanent loss when one coin mood's exponentially and the other one does not. So, think about this.
57:51
I did this mind game a while ago with a couple of different people. So, if if you're Staking flamingo.
57:59
in your stake in Neo, um, you, uh, you have the same dollar value of both. And it, it again, depends on the blockchain.
58:14
And what the requirements are flamengo Finance requires 50% US dollar value to 50% US dollar value on either coin, so a flamingo goes 10 times, and Nio only goes three times.
58:32
It would be better, depending on how much you hold. I guess, really, it doesn't depend on what you hold because it'd be the same.
58:38
But you would be better not to be staking because it will hold the dollar US dollar value and not necessarily the coin, The number of coins.
58:50
So, that's why when things really move, I'm going to onstage because I would rather hold a higher number of flamengo coins than then the neo.
59:05
And so, you know, it depends on your strategy, and it depends on what you want to hold and the timing.
59:13
and so when things move sideways like this, this is great for staking.
59:18
This is great for for doing things like that, because, you know, typically, what I found is Neo rises and then flamingo rises or flamingo Rises and Neo Rises. And you have to kinda get the heartbeat of the coin and the blockchain, to feel comfortable. And so, when you see it really change. That's when you might want to onstage so that you're holding more physical coins so you're getting a better rise.
59:52
Anything to add to that? Jeddah.
59:56
Know, I think people get hung up on the impertinence, imperfect and permanent loss.
1:00:06
Yeah.
1:00:09
You're right.
1:00:09
So if you if you were shaky like a stable coin, with an unstable 1, 1 that's gonna increase quickly. I think that's where you may suffer. But if you, if you have both coin, like, ...
1:00:25
state, Um, yeah. That's a, that's a, that's a good question. Right now, just from my earnings and the fact is not moving you know, I'm happy to state, but as you said, things start moving.
1:00:40
I'm probably unsteady Kansas.
1:00:43
because it's so easy to steak and shake oncle mango.
1:00:48
Yeah, you can stay for a day or to see how things ... state back in, if it looks like. You know, things are settling down.
1:00:59
I agree. OK, Renee. Renee, you're welcome, it says Thanks guys. Byron, so, is staking on BSE better to work off because of ... fees.
1:01:12
Yeah, using any Blockchain, that is not Ethereum, you're going to be pain, fewer fees like phantom, like a avalanche like solana, They're all lower fees and and BSE than than Ethereum so, you know, when you're staking.
1:01:33
I mean, I stakes, Ethereum and ship a little while ago as an experiment. And, you know, if you don't stake a large amount, the fees will eat you up just like Jeddah was talking about earlier in the OMG.
1:01:53
Ah, no side of things or sorry, the boba side of things. So, you know, staking on non Ethereum is a good idea unless you're going to stake enough to cover those costs.
1:02:08
This is from ... so Staking Boba is like Staking Doss totally not worth. It.
1:02:15
Depends on how much Boby half. Probably, not, if you have.
1:02:19
Yeah, I mean, it all depends on time.
1:02:22
Because, look, I on stakes my dos way back, and if I would have had it right now, no, I would have been doing much better.
1:02:30
So you have to look at the time of it all, as well as the fees. I mean, you know, when, when crypto comes back when, we have, you know, the four year cycle. And Kryptos goes down, my strategy will be different than it is, Now, I will get out, I'll sit on the sidelines.
1:02:49
I'll let Bitcoin do what Bitcoin does. And then, at the bottom, I will look at what is left out of this dumpster fire. You know, what blockchains are around what projects are around, and then look into re-investing in those projects and probably stake them.
1:03:10
So instead of hobbling, which staking, there's kind of a hottel, it just depends on what type of staking and I want to get a return on my coins instead of just keep them in wallet. Things have matured to the point where I feel more comfortable now than I did a year ago with staking on. Some of the blockchains using defy. some of these more mature sites like Celsius where you could get a return for holding your coins. and the platform has been around long enough, that, there may be some reliability to it, But you also have to remember, a lot of, these sites have not experienced a bear market. So, when we're in a bear market.
1:03:57
I don't necessarily want to keep my coins anywhere. And you know, different types of Liquidations will just kinda go.
1:04:08
Byron, thanks George. Just what I was looking for, I will go to crypto lab and watch the videos good stuff. And ditto on building confidence. if you are not sure do small stuff. Just know it is the cost of doing business.
1:04:22
Better to be safe than sorry. Yes. You know I used to be afraid of heights.
1:04:28
I was in Chicago many, many, many moons ago. I was actually the top of the World Trade Center when that was around.
1:04:35
and kinda terrified of heights. And so it was hard for me to get to the edge of the world trade and look down. And it was certainly hard to get, and this was the, I don't know what they're calling it now. It used to be called the Sears Tower, that little box that they have that you can walk out on. And it scout really thick plexiglass, but not thick enough for my comfort level at that time. And you could look down because you are.
1:05:02
You were walking kind of on glass. I know I decided I needed to get over my fear of heights because I wanted to take a hike on angels landing and if anybody, you can Google that to see where that is.
1:05:16
But I re Roofed, my house one year, and I decided I was going to take off the top, the second floor, because it was almost three stories of height. And that really helped me get over my fear. Because I did it, I was consistently working in that environment. And I made myself safe.
1:05:38
And so, I really don't have the fear that I, that I once had and I think that goes along with so many different things in life. Instead of walking around the fear. If you walk right through it, then you get out the other side and you're like, hmm, there wasn't that much to fear about.
1:05:59
I was airborne qualified in the military, and I jumped out of airplanes.
1:06:05
I tell you what, I cannot Watch and Mission Impossible movie. How much his name is like hanging by a single hand?
1:06:15
No, no thousands of feet in the air.
1:06:21
But, to your point, if you make yourself safe, you know, having a parachute really helped when you, when you jump out of airplanes.
1:06:31
You know, if you make yourself safe, then you reliant on the equipment and then you overcome that fear.
1:06:38
Um, But.
1:06:43
Press you removed your house, I regrouped Shen.
1:06:46
And that was a real learning experience for me, not from a height perspective, but the work involved.
1:06:50
Oh, no!
1:06:52
Yeah, Well, sorry. I I I only, I only took off the two layers. It was the second time it had been re roofed So I did not put the roofing back on. I'm sorry. I should have qualified that. I took it off, because I think it was back then. I think I was saved myself like, three grand for Grand. It was Just something crazy, but But here's the crazy part about this. So the roofing company that I chose?
1:07:16
Great roofing company.
1:07:18
The guy came on a Saturday to look at some of the work, and his son was with him, There was a ladder leaning up against the house to the roof.
1:07:27
He walked up the ladder with his son in his hands, and his hands were not on the ladder at all, and I thought that that was the craziest thing I've seen being, you know, that I was going to be a dad in a couple of years.
1:07:43
And his comfort level was amazingly broad in walking up a ladder. Especially with his young son. I was just kind of blown away like, I would never, ever do something like that, but he's probably done it so many times that his comfort level was definitely different than mine.
1:08:01
OK, um, this is from Ramo hi, George and Jeddah. Thank you for adding this service to the group, wanted to be sure.
1:08:10
Can I still get Boba Airdropped for OMG, did not participate in the boba airdrop on November 12th. So, sorry for asking this question again, Have lost a lot of confidence after losing BCH.
1:08:22
I bet do not play with, do not play with Domingo. Anyways. Thanks very much. Yes.
1:08:29
You can yeah.
1:08:32
My confidence level is a little bit higher than it was back then But there are times where the Boba the OMG going from one layer to the next layer takes awhile and it's a little bit unnerving because you see your OMG, which could be worth a lot. Just disappear for what was your last one it was like over two hours Jeddah.
1:09:01
No.
1:09:02
No mind or the person you're working with Right. Right. Right. Right.
1:09:07
I'm thinking Um, I think I was eight hours But What was interesting is I started.
1:09:15
Yeah.
1:09:15
I started going to the the discord this corner no, no, no, it was git Hub.
1:09:24
Discussion Forum where one of the developers would answer questions.
1:09:28
And I'll add my own, because I was moving the person's OMG from level two to level one and He had he had gone on for like eight hours.
1:09:38
And in the process you go through all the questions choose people ...
1:09:45
and someone had actually I think he had gone for a couple of days Before they finally got there on their own G and you're thinking all along OK, It's gone. You're never going to see it again.
1:09:59
But on them, on that particular site, they do something called analytics and you can see where that particular transaction is in the process of being executed.
1:10:14
And we finally got it, we, but it was nerve wracking. And what I think is happening.
1:10:21
So remember to answer your question, if you held OMG in the wallet at the snapshot on November 12.
1:10:29
You have, you know, you have a holding place that many on G when you go to claim you were pure airdrop.
1:10:40
Just going to be based upon the number of OMG you have in your wallet because you gotta, you gotta bring them over to L to claim and the bridge back.
1:10:51
And it was rainy anywhere from one to $400 and eat these depending on, you know, when you did.
1:10:57
What I think I've found is that as more and more people realize, Oh, they can, they can now get in on this opportunity.
1:11:04
The network was just kidding.
1:11:06
Overwhelm, the bridging, the contract execution of the contractors are sticky, longer and longer.
1:11:12
And in the development team, the bobo development team was very much aware of this and they were working to improve, speed up that process.
1:11:20
So that was a long answer to a question I forgot.
1:11:23
But yeah, it did take a while. It was a little unnerving.
1:11:28
Because it's kind of like you can't see it anywhere.
1:11:31
It's like, just disappeared from L two and has not shown up on L one of it.
1:11:37
But, eventually, it did so, that was good.
1:11:39
Yeah. And, you know, Jeddah, I didn't know this and this is in theory but it was proven yesterday when I was was it yesterday yeah. Working with someone yesterday on, on Boba bringing it back.
1:11:50
They received the amount of Boba equal to what their OMG was at the snapshot date.
1:11:59
So this person had sold some of their, their boba, sorry, sold some of their OMG after the snapshot and when we harvested there their claim It was to the original amount that was on, on the network.
1:12:18
So if anybody has, you know, if, if Jay would have sold a minute after the snapshot was taken, he could go back and claim that.
1:12:32
Now it would be weird if you emptied out your wallet I don't know how you would do it you may be able to do it and this is the thing like do you have to and now knowingness I will I wish I could experiment.
1:12:47
What if you just moved one OMG or 10 OMG?
1:12:52
and you if you had like 100,000 OMG and so you're not risking That you know you're huge amount. Maybe I need to talk to J about this now that I'm thinking about this if you want Because I guess there's no way I want to I love you J: But. there's no way I would want to move all your OMG and Risk that and stress myself out and you but I wonder if if someone just did you know a small amount and they could claim everything Now kind of having that thought process That's what it seems like you could do you don't have to bridge everything. You could bridge some of it. Just do that claim to show Yeah I had OMG and to trigger that particular wallet address OK, I'm going to talk to my friend and she's like grandma might be a candidate for that.
1:13:42
Yeah, well, and you know it, and I'm going to just say, Hey, Jay, only charge you interest. OK, so, that is something.
1:13:51
The only thing is the fees fees are incredibly high And, you know, I I'll show you something on Popsicle finance just because, I think it's cool. It may be a little bit late in the game, but it's not going to be late in the game, longer term. And this is what I'm going to be doing with my downtime.
1:14:12
Figuring out how I can retire, and earn some money. So we're gonna go on to the next one. Sandman.
1:14:19
If I had $500 in Neo, and $500 NFL em, and they both changed price two times and 10 times, would I be any different than if I adjust?
1:14:31
I held them on staked, not withstanding, the stake in the rewards?
1:14:39
Aye.
1:14:40
I would have to show you, and I don't have any state right now, so I can't show you, But when you go to, let me get back to this. And yeah, I'm not going to be able to show you. There is a. hold on, let me go?
1:14:58
Let me go.
1:15:03
There is a way to see and let me get this set up?
1:15:09
Um, and it's not going to show me because I don't have anything staked.
1:15:14
Um, OK, here we go. Let me do this.
1:15:20
Firefox.
1:15:22
OK, we're back to Flamengo Finance. Let me see if I can blow this up a little bit.
1:15:27
OK, and here, let's just say we're talking about Flamengo and Neo.
1:15:36
If you click on this, it'll drop down, and it'll show you how many tokens, um, you have.
1:15:45
And this is really something that you should try and experiment on and see and understand the whole process, because part of this literally, I spent like a month wrapping my head around OK, well, what if this? and what if that? And I thought, oh, well, if I understand flamingo finance, I'm going to understand the rest of the blockchains out there and steak. But, it's not true, I understood flamingo. But it doesn't necessarily reflect back to something like Popsicle finance or unit, swap, or sushi swap, or other platforms like that. But right now, what would happen is, if you staked $500 and neo in $500 worth flamingo, it would be 500 here, and 500 down there.
1:16:33
When you look at this, again, in a month from now, this be neo maybe $495, and this one may be five oh, five. It will always keep the value relatively close to 50%. It's going to be off, because you can't do it.
1:16:54
So, that means, if flamingo takes off, you're going to have fewer tokens, because those feuer tokens have to equal $500.
1:17:08
And that means you're going to have more be nio, which is wrapping you worth $500, so the number of coins will fluctuate.
1:17:19
The value of those coins will remain relatively the same fluctuates 50%, maybe 51% on 149 on the other.
1:17:30
So if flamengo decides to fly, then you will have the same dollar value, and this is where you have to do an on spreadsheet because let's say that the dollar value increases and the dollar value for the flamengo increases but the dollar value of Neil also increases, but at different rates, and so if you're going if they're going to both go up between, You know, five and 6% each.
1:18:04
It may not make a difference, but if we're talking that neo goes up three times, and Flamengo goes up 10 times, it's going to be the number of coins, and it's going to be balanced, So I did do a spreadsheet once, but it really depends on the what really happens. You know, theoretically, you can put it in a spreadsheet and see what happens if it's 10 times versus three times, and, and what you may or may not be earning. So, you know, that's where you can, you can play with it, but, in my opinion, I don't want to.
1:18:43
I don't want to take the chance of missing out, on, some, some really increased value.
1:18:51
Hey, George, I got to drop off.
1:18:52
Sorry, OK, that's somebody just arriving so OK, just wrapping up.
1:19:00
Yeah, sure to talk to you guys later.
1:19:02
Take care.
1:19:03
OK, let's see, Byron, thank you George and ..., great session this morning and subject matter was perfect. Great. Well, you guys determined the subject matter, and we just kinda follow that. This is from AA, when Staking on Bobo or OMG on Boba Network, once approved with Hardware wallet and paying the fees. Was their period that you needed to wait to see the staking amount actually appear?
1:19:31
The staking amount. It did go through pretty quickly on mine. I don't remember, Hold on, let me get backed. That.
1:19:51
And.
1:20:00
It's kinda hard, because I don't want to.
1:20:04
I already found somewhere in this video that I'm going to have to go back and edit out, because it showed an address.
1:20:09
But, this is the part that's hard to do at live.
1:20:13
And so, if you look at your wallet address, it will show you, um, taking, it will show you those things. And I can't click on this because you'll see too much, and I feel uncomfortable.
1:20:33
But, it will show you that transaction, and let me see if I can, uh, copy it, and I'm going to open it in another.
1:20:42
And they, they do have different terms.
1:20:47
Meaning, let me take a look.
1:20:51
Hold on.
1:20:57
OK?
1:21:04
OK, if I did.
1:21:09
Yeah.
1:21:12
People, Hold on.
1:21:21
OK?
1:21:25
There are?
1:21:28
Yeah?
1:21:29
I'm looking at the Network right now.
1:21:36
Can't see it in the the piece that I'm doing.
1:21:41
Because it's it's there should be some, some things that would show you whether is staked or not. I don't remember how long it took, but it is a thorium, so it could take awhile. eight are things stocker. You just wondering how long it takes. It's not a two week process. Yeah. Let me back up a little bit for anybody wanting to get Boba. No.
1:22:04
You have to leave your but you don't have to leave your your OMG but your OMG goes up you go through the process. You click on airdrop on Layer two, because you're OMG is there, and then you have to wait 30 days to claim your bow BA. and you have to go back and bring it back. So, there are if fees on the layer one, and there ESP is on the layer two. So, it is a, it is a process to go through just, really quick hold on.
1:22:41
OK, let's go back Raimo, I did not OMG is on leger.
1:22:50
Let me see what your original.
1:22:57
Yeah. You can claim your remote. You can claim your OMG, airdrop for, for boba, even on a ledger. You know, I don't do much anything not on a ledger.
1:23:12
This is from San Man. Thanks Guys. It was a pleasure hanging out with you, watching the snowstorm outside enjoy this. No.
1:23:18
I am not going to be getting snow today or maybe I will tried defy org tools, simple Net Loss Calculator, thank you sandman We're going to have to take a look at that.
1:23:33
We'll put that over.
1:23:38
here.
1:23:41
OK, and AA says I State OMG Transaction was approved and shown on Madam Ask, But nothing shows up under your stake right now, OK, let's take a look.
1:23:58
So I added a state transaction that was approved and shown on biomass but nothing shows up under your steak, know, your stake.
1:24:07
OK, so if I click on this, um, I don't. I'm in the wrong wallet.
1:24:14
Hold on.
1:24:36
Yeah I guess mine does show that. And you can see that I also have OMG, Steak tonight. I've earned 13 OMG.
1:24:46
Um.
1:24:48
I really have to take a look to see, and make sure you have the right wallet up here. You know, I probably have 6 or 7 different wallets tied to my mita mask. So sometimes it's weird going back and forth.
1:25:03
You're also going to have to make sure that you're not on layer two or did you stake it on layer two and that's where it is.
1:25:11
So there's different returns based on the, the different layers that you're on.
1:25:19
So, if you look at this, um, I don't have my boba on layer two. So my staking amount.
1:25:26
Your stake, dad. There's, there's nothing.
1:25:30
The rate is also much lower.
1:25:32
So, you know, 11.5, 3, on layer two, liquidity Poul.
1:25:39
Let's go back to Layer one, Switch layer.
1:25:46
The layer one is, it looks like 43.5.
1:25:51
So, um, it's much better to take it on L one. And what I found is, I didn't know the business model on Boba.
1:26:04
And the liquidity pool.
1:26:05
And I was like, OK, typically, when you stake things, you may add liquidity into coins, and then that combining those two coins and liquidity, you get a third coin, and you can state that with Bova network. I was like, How are they making money?
1:26:20
Because if I can't figure out how a platform is making money, I will not trust it.
1:26:27
And so, but I think they're doing is they are You're adding liquidity. So when people go to one network, there's coins on one side as compared to another.
1:26:37
And that's where the fast, fast, L two, fast, L two, fast one comes into play, where the coins aren't necessarily being really transferred. You're just putting them on one side, and they're coming out the other, and they're kind of different coins. Because they don't necessarily go through the full bridging process, that could take seven days. So I think that's what the fast bridging is.
1:27:02
And so, when people go and do fast, bridging, the, you know, it uses the liquidity that we've provided for them.
1:27:15
OK, I guess I will have to wait and see. It takes a little time.
1:27:19
Like claiming the airdrop. You know, it shouldn't take that much time. I guess, it depends on how, how long it took.
1:27:27
But you gotta remember, look at your meta mask, and see if there's a little blue dot in the upper right-hand corner. Because, unless you did two transactions, it's still waiting for another transaction to happen.
1:27:43
If you want to send me a support ticket and put your, your wallet address, if you feel comfortable doing that, I can take a look at it.
1:27:50
But it may, you may have only approved the contract, and you did not actually move the coins into staking because you gotta remember the first time you're accepting a contract from somebody and then you're moving the coin.
1:28:08
So check to see if there's, if it's waiting for something else, you could try it again, and see what it says at that point in time.
1:28:17
And, you know, it's really hard to guest it. I'm not seeing anything.
1:28:24
Um, and AA says, again, don't get many Saturdays, off. So thanks to snow days off, and for answering any questions, you are welcome.
1:28:36
OK, one thing, we're at about 10 30, but I'm gonna just 1 1 kinda crazy thing. There's so much talk about defy. People are all about these ... projects. Some of them have been rug pull. Some of them have done really well. Some of them have done horrible and it really depends on which D five projects you are looking at.
1:29:02
Defy is all over the place, meaning, there are dow's there's something like popsicle finance, which is, which is D phi, because your adding liquidity, you know, some people wanted to find D phi as one thing. And, defy can also be broad spectrum like, flamingo finances kinda define. Popsicle finance is, also define unit swap, but it depends on which end you're on. So if you're on unit swap on the backend, providing liquidity, that's, that's kind of D Phi, if you're on the front end, your your trading coins.
1:29:42
What I've been looking for is someplace too.
1:29:47
To hold some of my coins in a In a project that is stable and is not crazy and so you know there are Using non ethereum based is really kind of cool because you're not paying those those crazy fees for Ethereum.
1:30:10
But when you have a coin pair like Ethereum and where is thorium and ship? Oh, here we go, so.
1:30:21
Let's see, shipping, Ethereum, there's no different APR's, this is 205%. This is 112%.
1:30:33
You gotta know what you're doing on this but if you wanted to do something like steak the two, this is where it's a little bit different.
1:30:43
So let's say I wanted to steak CIB, I don't think this, while it may work, and Eith, and I want to say next.
1:30:55
So, um.
1:30:58
This is not this platform.
1:31:00
Popsicle finance, which could be different than sushi, which could be different than unit swap, which could be different from one inch.
1:31:09
They don't say that you need to have 50% on Ethereum and 50% on, You know, the other coin. So, let's just take a look.
1:31:22
Um, so, this is $560 million on worth four eighth.
1:31:31
So, what I'm gonna do is, I'm gonna do something really quick on the backend.
1:31:39
Cap.
1:31:43
So, calculating for ... Ethers, 2546, 25, 46 times 4, we're talking 10,184, OK.
1:31:57
So, someone who remember 10,184, and I'm going to go to ship.
1:32:05
And schip right now is 0 point 0 0 zero 2 1 5 zero point zero zero zero.
1:32:13
4 zeros 2, one, five, two times and they're asking for.
1:32:23
five, oops.
1:32:26
560321650, and they're asking for $12,000 in ship, which was really interesting.
1:32:39
a little while ago, They were asking for less CIB than Ethereum. So if I wanted to stay right now, this is closer than it was before when I steak, some ship and ....
1:32:55
This is not a 50 50, this is whatever their algorithm states that it is. So that's why it's hard to say like what is a node and how, what are the rules for that. It all depends on the blockchain.
1:33:09
The same similar blockchains can have different requirements based on the platform. And this example, it's popsicle finance.
1:33:22
And so, you know, each platform has their own rules. And, so, you have to follow the rules to know what they are, based on that blockchain.
1:33:34
Let me see if I can find what I did back on January third.
1:33:40
Hold on, let me bring this up, and I'll kind of give you, um, where is Excel.
1:33:49
And I'm not saying, go out and do this, but you can experiment to see what kind of D phi things are. I know there are people in the group talking about D phi. If you know what you're doing, that's great.
1:34:01
If you don't, Don't do something you feel uncomfortable with, because no, it can, It can go the wrong way on you and that would really hurt. To keep diversified.
1:34:17
Take your profits. Don't always believe in one single project. Like, we don't believe in one single coin.
1:34:25
We like to keep things diversified.
1:34:28
OK, I'm going to read it a little bit, and I'll bring up the The spreadsheet and see what the ratio was a month ago. George, this is totally unrelated to this discussion and may need consultation, however, here is the problem.
1:34:43
I am on a new i-phone listening to the call, I, login to the IO site and see each video. However, I want to comment. It keeps getting an error, saying, I need to disable my VPN. I've disabled and deleted the VPN. From my phone. Your VPN subscription that I purchased people are turning on. Something called, what is it?
1:35:05
What I'd have to have you do, is.
1:35:10
You'd have to give me your IP address from your phone. If you go to what is my IP address dot com, I can see who the IP provider is.
1:35:20
Apple has a new feature, I don't remember what it, what they're calling it, and I will not use it.
1:35:27
On that, it is part of there.
1:35:34
Why, why am I not thinking of it? It's basically their own internal VPN. People are mistakenly turning on and thinking that it's just something new in their network. But it's a VPN. So I'd have to know the VPN IP address, or the IP address that you are coming from. And I can tell you what the issue is, but I believe you, you've probably enabled, because you suddenly found the privacy feature that Apple has. But basically, it means, instead of going through one VPN, you're going through Apple, so that they can see where you're going.
1:36:12
OK, let me see quick.
1:36:18
OK, I'll tell you what I did January third.
1:36:27
I put in $15,000 into Ethereum, and $9000 in Ship. And that was what I state, and as you can see now, they want more ship than Ethereum.
1:36:42
So It depends on when you're Staking and their liquidity that they need and will be based on what what they're asking their stake. So Flamengo, it's always 50, 50 other platforms, it depends on what their algorithm says and what they need.
1:37:03
Yep, I had to hit stake a second time and it went through second transaction and .... Yay! congratulations, day, I'm glad that worked out. OK, I will send you another support ticket.
1:37:14
I think, that's it for now.
1:37:18
Everybody, thanks for, it's been about it, hour and 40 minutes.
1:37:23
Thank you for, for joining Jeddah and I this morning. For all of you on the East Coast, enjoy the snow. Stay in. I hear it's going to be powdery so easy to shovel and have a great weekend.