Home Entertainment ?Weekly Crypto Updates! Unique Times with World-Wide Bullish News!

?Weekly Crypto Updates! Unique Times with World-Wide Bullish News!

by smart

https://www.youtube.com/watch?v=cAhp6yr8hYo

you know what i’m going to do i’m going to move to the built-in speakers and come off of my bluetooth headphones okay now how are you hearing how you sound can you hear me i can hear you just fine hopefully we got some we got some feedback on the chat hopefully you can be heard now that i went off yeah if anybody can say yes or no hopefully the audio is better you can come through right now what a bummer pardon apologize on the on the audio issues we will get this figured out i was hoping that moving to my bluetooth headphones would prevent a feedback issue but what it did was complicate you coming through on the zoom so if this fixed it if we get a feedback um finding out if this fix let you talk brother go and go back okay yeah i should try talk just to test it yeah if uh hopefully this fixes it but what we were talking about was uh this article uh where we see that sotheby’s the uh the auction clearinghouse they’re they’re uh notorious and historically you know very famous company they auction art and all kinds of rare items and they’re accepting uh nick they’re accepting crypto looks like here 12 million and that’s that’s notable because it’s just another example of of uh of institutions adopting in the in in in interacting with cryptocurrency in a way that that has not we haven’t seen before so this is this novel this is a massive auction house that’s that’s saying we trust this this new monetary system will uh we’ll accept it for diamonds so that’s something to think of to think about it’s like if you’re on the outside waiting to get in and you see that that uh the goldman sachs and jp morgan and all these other critics are now jumping in and got sotheby’s and nickel nation states are adopting it so it should give you pause and just think maybe i’m not maybe this criticism is is overwhelm maybe there is something to this this new this new investment asset well like you said this is huge so this is again that that long-term fundamental and this is also going to get into when we talk about nfts and the future rise that nfts have in blockchain and in crypto because as you know sotheby’s doesn’t just they’re not just famous for auctioning off uh diamonds in fact um they’re they’re quite known for their art collection and a lot of other things so and and i believe they were in the news earlier this year for the first nft that was sold on southern bees so we’re looking at more of this interoperability this huge bridge being drawn between traditional markets and the digital asset nft blockchain technology and you know what since we just fixed our audio brother thank you very much jeff in fact actually i have to give this shout out we’re gonna we’re gonna cut and edit and we’ll start from the beginning real quick and just say uh welcome to wise beyond bitcoin where you come to understand more about the economic impact and potential of blockchain technology that’s why you come to wise beyond bitcoin my name is lucas and my name is ryan hope you can hear me yeah and we have uh pardon for the audio issues we’re getting better and better every day i i have bluetooth headphones that i was using to prevent feedback but in so doing i have not yet figured out how to keep other people’s audio working on zoom so we’re going back the old school way but we were starting with a market recap we didn’t miss much beyond this awesome announcement with what’s going on at sotheby’s i i do want to do a shout out because a good friend over at apocalypse oops apocalypse art club which you got if you’re if you’re starting to learn about nfts and you want to know you know i don’t say what’s hot but what’s beautiful and and what has some beautiful potential and what’s just beginning apocalypseartclub.com is where it’s at and i and i do have a vested interest because i’m a supporter of jeff his artwork and the program but you gotta check it out yourself because look at this he’s been making beautiful artwork long before nfts were a thing this artwork he’s been making just beautiful spiritual artwork um to to be a light in dark times and supports a charity project that helps schools and and children all over the world so you got to check out the social impact because every transaction of his artwork goes to support what we’ve talked about mutual aid groups in charity but the artwork is beautiful when you it’s a club it’s a it’s a little community and when you join when you acquire one of these rare uh nfts you become a part of oh okay there’s my uh disclosure right there there’s a picture of me but when you uh when you join and you’re a part of a little club that’s an ecosystem a whole world is being developed around around this art so it’s really exciting check out the website and um how to join i mean it’s just a beautiful apocalypseartclub.com i will leave a link in the description but it was jeff the artist behind this was uh giving a little shout out and said hey uh lucas you might want to fix things because nobody can hear ryan right now and i am like the loud carnival you know kind of you know the the hey everyone come here and then i direct him to ryan with the knowledge and the information so to have you not being heard that’s like a whole half of the scissors not you know not working on that right that’s true i love jacob it’s good to see you coming out how are you oh yeah doing good uh having some trouble with my internet but i got it up good well we had some audio problems so you’re in good company you’re a good company and you’re a good time and i’m doing my my doing my plug i i have yet to do i’m gonna so i’m gonna do an uh video series here shortly i i was a little say under the weather had ate something and for a few days i was out and it slowed me down this week but i’m about to do a video series to teach people how to purchase nfts and get a little metamask mask and use open c but open c dot io is where you can see all the nfts on the ethereum network anyone who’s got nft you can plug in their address and check it out you can also check out artists and what they have in their collections so i urge you to take a look very cool uh but yeah let’s get right to it so yeah jeff was like hey lucas uh i can’t hear ryan what’s going on here and that’s how we were able to get things fixed up so it’s nice thank you jeff uh yes that was crucial uh what was our little update we were just talking about the market and you know it’s always nice when we pop in on a monday and see green and it’s like oh oh it’s beautiful to see this you know ten percent five percent a day these huge jumps but um realistically you know it’s not normal to see this consistent parabolic growth it’s always it’s it’s normal to see pullbacks in corrections that take weeks of consolidation that take a few months you know so seeing that we’re in this you know area seeing that we’re in this phase it’s it’s it’s comforting i mean it’s nice i’m i i i’m kind of what i say is comforting about it is that we’re in a correction phase and we’re gonna mid third mid thirties on bitcoin and two thousand dollar east you know so it’s like yeah we’re in the correction phase and that these these come but we’re at such a great level compared to where we were at just two years ago year and a half ago that there’s no reason to be upset and it’s clear that this is not just a a flash in the pan um you know temporary thing where a tulip mania kind of thing where people are just irrational and running out and buying bidding up assets they’re going to crash to zero right i mean there might be something to do on the on the obscure low cap side sure but um but in general the space is maturing and finding a bottom at 30 at 30 to 33 000 on bitcoin that’s that’s showing that’s very optimistic that’s very um heartening and encouraging as long with the overall institutional development that’s happening with it you know oh yeah i i think with institutional adoption we’re going to start seeing assets decoupled from bitcoin and you’ll see uh different sectors of the market be affected differently within crypto oh for sure yeah with the uh the d5 and the second layers and everything i think you’re right about that polygon is once is a space that i’m very happy to be involved in there’s still the news on a regular basis polygon and i like what i heard about them recently um you know the whole second layer solutions it’s uh there’s so much room for crypto adoption that even they get clogged even their networks get clogged it’s not like just moving to a second layer solves all problems there is room for multiple second layer solutions there’s room for ethereum i was even hearing it being explained how how there’s room for ethereum to both move to proof of stake and still need layer solutions it’s not like once ethereum moves to proof of stake oh look there’s no need for polygon anymore it’s like no absolutely not there’s you know uh and you guys know how we’ve seen how volatile the the market can be with even the little amount of volume that’s come in imagine imagine worldwide adoption you know imagine exactly you look at the amount of transactions visa and mastercard and all those credit card processors they go through every day and then think about doing that on the blockchain what the gas fees would look like and it’s you know there’s going to be room for as many solutions as we can throw at this problem totally i don’t want to stay i don’t want to stay on this page too long but uh seeing red in the market you know it’s uh it’s normal if you’ve been in crypto for a while this is this is just part part and parcel is part of the game you know um it’s nice it’ll be here for a while i wouldn’t be surprised to see us go back down uh and kind of test the lows again once or twice more and you know whether we’re here but it’ll be it’ll be brief it’ll be brief and whether we’re here for for a couple weeks or a couple months i i in the grand scheme i i don’t see it being that long lived right there’s way too much um fundamental there’s way too much support worldwide to maintain i mean we’re looking at these levels trending right now these prices staying in this range with let’s get to it a lot of the other bullish news like this you mentioned earlier okay let’s just go right to el salvador finds a secret door uh to bitcoinization dual legal tender so previously they were trying to announce bitcoin was a legal tender and they were getting a lot of backlash and so now the story is well wait a minute instead of trying to fight for a new legal tender they can just ease this one alongside and allow for uh you know yeah that well the problem was is that there was a uh the problem with bitcoin being legal tender and replacing the dollar or any other fiat just automatically right now is that is is there’s you know it’s the network effects aren’t there there’s it’s high volatility the fees are high the transactions are slow you know really obvious things that are keeping it from being like a legal tender but this is where the brilliance this article in this article is worth reading if you’re into monetary theory and follow um and maybe remember hearing about the bi metallic standard that existed in our history and or if you’re familiar with gresham’s law or any of these concepts and economics dealing with with um dual currencies this article would be fascinating for you but essentially the point is is that by the people were stuck on how to make this happen how are we going to make bitcoin work for us right they stumbled upon this old concept called by uh called dual tinder or by in the past we would have thought called it by metallica’s bimetallism silver and gold but now it’s we’re past that we’re so we’re just thinking about dual tinder but the idea is that the um if the if the if bitcoin and the dollar are both legal tender and if there’s a agreement in a facility to just to immediately transition bitcoin into dollars right for the for the person who say you say you you have it you’re a vendor and you make a sale and you you receive bitcoin and you’re worried about it fluctuating right you’re worried that the price might fall and you might lose some of your your um some of the money that you have that you’ve received for your for your goods and you’ve got to pay your suppliers you got to pay your your labor you got to you know keep the thing going so you can’t really be losing money uh on a currency on currency exchange fluctuations right that’s dangerous so if there’s a facility they’ve created where people who can who get bitcoin immediately can cash out into dollars on their phone and with very low transaction costs and um and it’s and you can read the article to talk about how how that set up but essentially they’ve solved the problem of of the of the high fees and the low transaction the low speeds the transfer speeds being uh taking a long time the volatility they’ve solved this but with the dual with this dual legal tinder and they’ve created a system where people who want to have bitcoins can hold them and people who don’t feel confident can immediately cash out so it kind of gets around the um the need to have everybody in one system it’s a dual system right and you can move between them seamlessly so it’s really a crazy innovation in the sense that it it’s it’s a modern problem that they’re solving with an old school concept and uh and it really i think shines a light forward for how we can how the whole world can move forward with crypto it doesn’t need to be either or if we can we can make it and of fiat and crypto and let them and let them be uh share the same with them share share the sandbox as it were i dig and over time over time i feel like the freer systems will win out did you read uh the mechanism how el salvador is basically doing a buyback to make it easy and that if right if people want to not keep their purchases in bitcoin that uh that the government basically has this third party that will uh cash it out and the government will hold the bitcoin right i saw that yeah which goes right yeah through strike so it just goes to show that a lot of these institutions whether they be corporate or or or political or government their what’s their their protocol is to hold the bitcoin right no not upset about holding bitcoin notice how they’re like oh don’t worry we’ll cash out for you and we’ll be the custodian of the bitcoin dude all of them work it outdoor they huddle the bitcoin and they they give you the fee but in that article it does say that strike does give you the ability to cash out too totally totally they give you that so yeah yeah that is cool you know when i read that i was like ah well then if this is this will work this isn’t a scam no no not in this game at all no i just mean how bullish it is when you’ve got the state saying no we don’t mind holding bitcoin at all by all means well that’s what work that’s what we’re keeping our assets denominated in so yeah no this is this is uh big news and but i it’s connected to because it’s kind of like a domino uh tipping the scales but it’s not it’s not just um el salvador actually paraguay and let’s just see what articles pop up jacob have you heard about this i think this is like in the last 24 48 hours have you heard about now paraguay being another country jumping on no no i haven’t so now it’s el salvador and paraguay there’s two now now look on july 14th lawmakers in paraguay will introduce a bitcoin bill um so this is two days ago this was just published so so paraguay is just another country embracing and that’s the whole point it’s like oh shucks this page has been blocked now here we go on on july 14th lawmakers of paraguay will introduce a bitcoin bill um el salvador’s move to adopt bitcoin as legal cash in june looks to be pushing politicians around the region to begin investigating their own cryptocurrency approach paraguay is the next country to pass crypto related laws i just pulled this article out this looks so i don’t think it’s a i don’t think it’s ironic that we’re seeing this happening in el salvador and paraguay and latin american countries in general um because they have been on the receiving end of so much dollar inflation over the years that why wouldn’t they be you know why wouldn’t they be some of the some of the first right and in uh you’re right and here’s a the meek shall inherit the earth it’s beautiful to see people um you know in the u.s or if you’re in countries that had banking systems that were more mature in the traditional financial market you didn’t see a need for this new model uh even though the technology is still more sound people are like well i don’t need it because i’ve got access to credit and i’ve got access to banks and i don’t see the importance of this well there are a lot of other people around the world who who because of how fragile uh the system is and that they didn’t have the same access so it is beautiful to see people around the world embracing this technology and and uh paving the way in that regard look check this out uh the congressman i’m here to unite paraguay that is why we decided with senator whatever to present together the bill bitcoin on wednesday so um stay tuned um for paraguay in the world something giant is coming you know we’ll see it could just be a hype could just be an announcement but regardless of whether or not the bill gets passed the fact that you’ve got politicians now passing pro bitcoin legislation to bring wealth and stability into their nation that’s that’s pretty exciting stuff that’s that’s pretty cool i’m a fan i would agree i would agree with that for sure i just can’t wait till uh more countries started opting yeah and let’s see here speaking of countries and surfing the internet jacob you popped up something a little bit about this in in indigenous decentralized web router and can you uh explain a little bit what have you found yeah so i’m not entirely sure if you guys are familiar with the deeper network but uh essentially this is a device much like the deeper network it works the same way by allocating a portion of your upstream bandwidth so that way you can run uh this device as a server but the unique thing about this device is it’s not a firewall it is a firewall a router a modem it is three devices in one oh this is an all-in-one internet protected device so if if your grandma wanted decentralized secure internet and access to a vpn that’s decentralized it could all be built into one product all into one product plug and play i’m sure now check this out check this out gain access to handshake websites there you go yes that’s right and weren’t they the weren’t they the ones reminding me that we’re trying to uh to replace the the domain assignment service right that kind of is the backbone moving it to the blockchain and moving it to the blockchain that’s right so instead of being dotcom.org dot whatever handshake would be you own dot ryan dot why you know whatever you can you can you can purchase and own it and it’s on the blockchain just like unstoppable and unstoppable domains allows you to purchase dot crypto dot zill yeah got it handshakes handshake is a whole nother level that uh we did some research on it’s not accessed right now it’s not it’s not easy to acquire yet there’s not that uh not many gay ways for us residents i don’t believe so yet but if you look at what what handshake is the token what it represents well shucks let’s go check it out let’s go check it out right yeah we’re here for it but um but i think that’s a cool all in all that’s a really cool device i’ve been looking and wanting to get a router vpn combo what’s really cool about it is it’s also a minor so it actually reminds you krypto while it’s working see that’s that’s what’s really cool about this is that it’s the it’s the modem it’s the router it mines and look the h s handshake websites that’s kind of cool man i i think it’s kind of neat that it’s uh it’s creating basically a whole new layer a whole new web a whole new a whole new web it’s creating a big time privacy layer which is what the web needs it needs decentralization and privacy oh yeah more than anything right so let’s see if i can easily find it somewhere up close to the top that’s the problem these these uh it’s easier to go to like coin market cap or nomix and then go from there to find out their website okay here we go yeah so if you want to know more and that’s what by the way when people want to know about how to do due diligence on projects one of the things i like to look for is partnerships i like to look for overlapping layers where you see companies are actually working with other companies or teams are working with other teams and when like just like this we’ve we’ve looked at handshake and that’s come across in the past and now you’re looking at um a project a dv a decentralized vpn modem uh project and they are literally working with handshake so that’s yeah that’s definitely a it give them legitimacy because they’re they’re working with an established uh product player so that way everyone who’s watching this you’re still early on this this doesn’t launch until i believe uh october or autumn so if you scroll down it should say so right on the okay yeah join the launch i see the where it is it doesn’t say the date but i see it says join the launch government’s web 2 platforms telling us what we can and cannot see and use we are growing up so we can handle it yeah just on a good old-fashioned handshake right there it is august august oh okay launching soon yeah but still it’s still in the future so if you want to know whether or not you’re early i mean you’re you’re definitely early to crypto but you’re really really early to the launch of indigenous so that’s cool and and am i right brother that this is going along with it yup so sentinel is actually their vpn service that they’re using and what’s cool is you can use the sentinel vpn service now and i’ve looked into it and they have a ton of stellar reviews if you actually look on the app store they have it on like the google app store now this is cool they’re building on cosmos network and tendermint which cosmos is a cryptocurrency that i i find i’m bullish on it’s one of the many projects that i i think you should be looking at if you’re looking at diversifying into a lot of the different projects i would say cosmos is definitely on honestly i’m curious uh can you pay for can you pay for your vpn subscription with the coins you’ve mined or is that i’m not sure how that’s gonna work okay i’m waiting for them um to have more information in their telegram i’m trying to wait for like an ama or something i have a lot of questions right right well we’ll figure that out as time goes on but i think that that actually to me is one of the layers of decentralized vpns that i really value is if i have to put my credit card number to pay for your product then how you know how how really or how anonymous am i really a lot of them give you crypto options exactly there you go but to be able to mine the payment to me that’s really cool that yeah that’s cool but that may or may not be this i don’t want to you know put that out there that’s that’s a beautiful find man jacob thank you very much for bringing that to the table uh if you enjoy receiving the latest and greatest about blockchain technology and crypto uh hit the thumbs up hit the like button and subscribe and also uh send a little comment saying thank you to jacob because i was not going to share this with you at all this is all jacob garcia this is all about dd do your due diligence you’ll find them yep now this is financial advice it’s just educational information but i’m going to say brother good fight because if you guys want to know other than like cryptocurrency and digital money um this is a huge huge innovative space of blockchain technology and the reason i went back to the market cap is because you know you see bitcoin ethereum is a smart contract platform uh hex is built on ethereum cardano another smart contract platform we’ve got a bunch of stable coins there’s of course the doge meme coin polka dot a beautiful decentralized network for smart contracts but when you look at what’s out there there’s not a lot you see what i’m saying like once you really break down what’s out there there it you can fit things into categories you know stable coins smart contracts you know privacy tokens blah blah blah nfts and it’s nice to know the variety you know who are the people innovating in the market using blockchain technology now we come back to well what’s so cool pardon me what’s so cool about indigenous about this find and what’s so cool about sentinel i mean this is this is these are some of the most innovative uses of blockchain technology this is literally taking the power of the web of the internet back from centralized servers and using the security of blockchain and the power of people who secure the network to be able to enjoy the benefits uh receive the benefits directly for providing that security that this this is what blockchain is all about this is just another uh yeah i would say you’re right yeah it’s uh and it’s kind of the building blocks of the what they call the it’s not web 3.0 is that i’m probably using that kind of kind of i would say so what i’m trying to get to is like the new web yeah yeah and and like you said you know we got to continue to talk about this but but uh many people we pulled that article in fact i guess maybe now it’s time to get to it uh after this but many people are are focusing on the get-rich-quick of cryptocurrency markets and digital assets but forgot or or maybe are unaware of the purpose and potential of this technology in the first place it’s you know as far as the consideration the liberating potential and the crave destruction so it’s important to understand that then you’ll understand the importance of having a decentralized uh a virtual private network of course we want to be able to maintain people to have private networks and communication in a world of ultimate transparency in public ledgers where everything can be tracked and everyone can see that that’s beautiful but that that gives us even more need for promoting uh an ability for people to maintain privacy in in this world you know not into that orwellian minority report kind of you know the benevolent leader class is here to monitor everything that’s kind of well you’re right because there are we are as we as we move to the blockchain if we’re not careful about privacy we could end up inadvertently recreating this kind of uh panopticon i love that word i do too it’s a financial panopticon we don’t we don’t want to build that no privacy is important and if you don’t know what a panopticon is google it because it’s a cool concept to be aware of it’s creepy it’s a good it’s creepy it’s a crazy because that’s the first time i’ve heard that yeah yeah i just it’s a prison style it’s a style of designing prisons so that the center can see all the whatever he’s doing in every cell oh yeah yeah this here we go uh panopticon there you go it’s uh old old old concept by the sociologist jeremy and he the one bent them anthem yes he’s very famous didn’t isn’t he the guy that was like embalmed and is like kept preserved like you can go see them right yeah all right well okay a little uh little history this picture is important if you want to click on that you’re right not the definition what’s important is the picture it’s the visual yeah yeah the visuals here we captures it all do you see that that’s the panopticon pan means ever all all seeing like panoramic view like yeah panoramic view see how it’s like panoramic and then that’s it where everyone is and they built a couple did wasn’t one built like i’m sure yeah they did they built these modern prisons today are built on this concept you see that there’s a picture of one right there on the right it’s true that’s a modern that looks like a modern prison it’s true it’s true it’s true everything’s so yeah we don’t want to recreate that in the financial world no okay let’s get out of here ah get out of here dark too dark too dark yeah but yeah this article was was fascinating you sent this to me lucas yeah uh the reset the great crypto currency reset which talked a lot about the beginning of nakamoto’s vision and what was wrong born from the 2008 financial bubble and the corruption of the bailouts and and seeing how the financial markets just seeing how corrupt they were and you know that’s a lot of the story of why bitcoin was created and and cryptocurrency influencers were people who are looking at it as a revolutionary economic tool right uh right that’s how it began and over time what we’re looking at now when you hear people talk about bitcoin or cryptocurrency it’s it’s more of uh of like this hot new investment topic it’s more of what’s you know yeah well and then there’s a crypto elite that i like that it gets into that it has arisen right in fact the new power news new series set of gate keepers essentially talk about it yeah yeah i mean it’s i uh i thought there was a lot of a lot of merit to these points to this to these different passages but i thought it was a little bit over over play um over emphasized but definitely problems worth speaking about so let me find here oh yeah this is the section about freedom porn we should talk about that i’ll read the quote uh no except there’s one small problem with these narratives none are coming true or have played out in reality instead they have matured into carefully constructive constructed fictions disguising how bitcoin has failed in almost everything nakamoto set out to achieve since the crypto ecosystem keeps blurting out a non-stop stream of freedom porn we failed to notice that the crypto movement though it started out with good intention has gradually mutated some into the same aggressive paradigm that existing elites have promoted for decades that’s kind of like a good summary of the entire article and i would say okay yeah to some degree sure but not completely i mean look at just i don’t want to bring up polygon again but look at polygon right that’s a huge um part of that’s a huge innovation in the crypto world and it’s not about gatekeeping anybody and it’s not about yeah it’s set up to have cheap cheap fees cheap gas fees and all your transactions some yeah there’s farm there’s yield farms that they could that might not be the best the best investment right that they kind of mimic the fractional reserve banking and ponzi scheme uh that this talks about right there but but that’s not that’s just one section right and there’s there’s other sections of the crypto space that don’t meet the meet this um criticism so i feel like it’s yeah i think it’s just a little too it’s what he says is not wrong but it’s not the whole story it’s kind of my my take on this well i guess my take would be it’s kind of two halves to a point you could talk about the ponzi schemes that are going on within crypto and the flaws that are within certain chains but it doesn’t emphasize crypto as a whole a flaw in bitcoin isn’t a flaw in cryptocurrency as a whole case in point even if bitcoin has a flaw immutable smart contracts builds on ethereum like wise token it’s going to be operating like they want it’s not going to change and right that’s just one of the things that the innovations that have been built along the blockchain not including yeah smart contracts that yeah that are self-executing and uh aren’t able to be hacked or changed by one of the parties yeah that’s that’s a notable uh innovation which is so notable they’re working to build that on top of they’re trying to build that on top of the bitcoin network which we’ll see down the road how root stock and and rsk how that all that stuff works but um no i mean you’re right the the the reality is that if bitcoin has a a flaw and that its transaction can’t handle um the whole population well that’s why we have layer twos that’s why we have other cryptos that can handle higher throughput if it doesn’t promote um privacy transactions that’s why we’ve got other chains where you can transact privately on and not use bitcoin for that so bitcoin isn’t meant to be the one all be all the uh panacea for for crypto it’s meant to be the the beginning it’s the foundation upon which the whole blockchain economy is built and and i that’s what i still stand on the more you understand blockchain and crypto you recognize that we would not have all of these others without bitcoin bitcoin proves the validity of blockchain so long as the bitcoin network is secure crypto’s secure and even if so here’s the deal let’s say we find out that harmony won or we find out that name insert crypto that they were hacked they had a flaw and all their users get you know whatever is that gonna take the whole crypto market down no it’s gonna take them down because they are an iteration after bitcoin trying to make an improvement now let me tell you this if it comes out that bitcoin ledger technology is flawed and can easily be hacked and no longer is that some security that will devastate the whole market because the whole cryptocurrency digital asset market is built on this being a secured network a viable option so so bitcoin is the proof it’s the proof of concept that is the foundational value layer upon which the whole digital economy can be built it is never meant to be the whole digital economy right it’s never made one right i don’t think any crypto will be the one all and all crypto they’re all going to serve their purposes and they’re all going to be different in this space just like businesses they’re going to have different goals and visions i agree with that for sure i would like to highlight this one thing in that article you pulled up oh yeah bring it out um it’s about el salvador i’ll just read it but it’s it’s halfway down it says if you’re a hardcore crypto maximalist you’ll perceive el salvador’s bitcoin adoption as a liberation a way for citizens to free themselves from the u.s empire and its allies the opposing view however is that this is another episode of blockchain colonialism if the bitcoin revolution embodies freedom and liberty you don’t set up shop in a developing country become best buddies with their autocratic leader and together force people onto a monetary system they have no power to oppose or flee well my response to that is this must have been written before the dual legal tinder innovation was figured out because if if if there’s a dual tinder then you you can you know you’re not forcing anything and you have the power to oppose it or flee it you just cash out so it immediately right so you’re not you’re never in bitcoin so and but the uh but the the broader point that i need to that i want to highlight is that it says that you don’t set up shop in a developing country i would disagree developing countries where the monetary institutions are the most undeveloped and the weakest the most unstable so it’s where the need for an alternative is the the greatest and and and hold on a second if you’re looking for growth potential in returns where developing countries where’s gonna be the the highest amount of if you’re a utilitarian and you’re concerned about doing the greatest good or doing great where do you go you go where the need’s the greatest right yeah there’s the most poverty where there’s the most uh instability and corruption right so any way you look at it i feel like the point is just not good he should reverse that and say developing countries are where you want to go of course of course this is that whole the meek shall inherit the earth aspect i love that you have developing countries in in countries that were forced to use other legal tenders uh now having an option now having an option and being the first to to pave the way with using this option is this brand new technology that uh you know other people you can’t ignore it you i mean as far as i and also so you got you got all the wall street institutions piling in and everybody’s fine with that but yet now the poor people are gonna get in on it you’re gonna cry foul right that guy is trying to be a gatekeeper if anybody’s gatekeeping think about that think about that visa is in on it gray scale micro strategy governments are talking about accepting it for attack and payment and now all of a sudden because you’re opening it up to a population to people and and and now we’re gonna cry now crying fella yeah a little uh now this is another quick bullish article that uh jacob sent and this and we’ve actually talked about i remember looking at this a long time ago and i love this project now look not financial advice i don’t know what’s going to happen with this project do your own research but i love what the concept is i love what they represent and what they’re working to build so uh and it looks like they kind of might already have something this looks kind of bullish af bullish as feathers you know what i mean yeah oh yeah oh yes bullish as feathers talk about lifting you higher because uh collateral pay so for people trying to find out how they can spend their digital assets their cryptocurrency there are a few protocols that are out there trying to find bridges final trying to find ways to take your ledger and to lock it up and and to give you an opportunity to to to transact at the current market price for whatever that was and being able to cash out in fiat on some level and collateral pay from what i understand is is people being able to use their digital assets as collateral upon which they can pay off debts that they incur with spending or maybe not debts in a negative way i don’t mean like incurring debts but being that as long as you’ve got the digital asset collateral back it up then you there’s an amount upon which you can spend fiat reserve and they will just cash it out for you so that is huge you know eight percent cash back i’m gonna let you take over brother talk to me about what you found okay so the best my favorite part about this entire project is in doing this in taking on a debt it is now a non-taxable event yeah i was going to talk about that if you weren’t go ahead so the the massive thing about this whole entire project is you can collateralize your uh let’s say an entire bitcoin i can collateralize an entire bitcoin and i can have it pre-loaded onto a card where i’m getting eight percent cash back and that bitcoin i use is collateral i’m still exposed to the price of that regardless of whether or not i pay back my debts i still have my entire bitcoin that’s going to be given back to me that i only have to pay the debt back of the market price that was used for collateral so if the market price for bitcoin that was used as collateral was at 30k and bitcoin shoots up to 60k i’m getting that entire value of bitcoin back when i pay off my debts so it’s a way for you to be exposed to bitcoin exposed to your crypto assets while still being able to spend them while avoiding paying hefty crypto taxes wow that is cool so if i understand this correctly you would then so say ideally like the asset would appreciate over the time that you that you incurred the loan or that you incurred the debt and so then you’d have to sell out a tiny fraction to cover that right because it because the price goes up so you just need less and less oh yeah so the debt so the way it works is if i was to let’s say ethereum right now it’s around 2100 if i was to use an entire ethereum as collateral i have to pay back that amount in fiat now if the theory of two x’s i still have to pay off what i owe in fiat that’s not going to change but i’m getting back the value of my ethereum regardless of where that value is because you’ve never really ever spent it you never got out of it it would just put it exactly it’s just locked away until you can pay it off this is very exciting now check this out you guys something else is very exciting that i i’m always looking at this and i’m reading articles and i do remember that collateral was built on the polka dot network so just like we talked about earlier something else is built on cosmos and tendermint and polkadot if if you’re curious as to why when i look at diversifying into different communities and to support different communities this is why because you’re gonna find strong bridges being built on a foundational layer to allow these protocols to even exist and for them to operate on so if you’re looking at like well what what are the you know what are these uh building blocks of the future for blockchain and crypto this is it read your articles find out who they’re working with find out what they’re building on are they using are they working with the graph are they working with polka dot you know uh tendermint cosmos network you’ll hear when you read the articles what these uh blockchain companies or the people the teams behind these blockchain services or who they’re working with and that to me is exciting when you really start to see the get of the activity between different teams working together now speaking of we got a quick question from key largo an old buddy uh who’s been following for a while and another wise owl he’s saying uh wondering on why’s ethereum pre-launch were there any accounts not claimed i feel i may not have collected all my coins i would recommend going to the telegram channel for wise and reaching out to someone on the team i as i understand they all got claimed or at least there’s a there was a there was a mechanism that allowed them to auto claim which means that it went to your wallet so it should be there but i may be misspeaking i would go to the telegram there’s definitely a way you can check your ethereum address all you need to know is what your ethereum address is and you can still go to the site and you can still claim it so if if you uh think that you may have another address that you left someone claimed it’s still there it doesn’t ever get lost so that’s the good news about the smart contract like that is that it’s a and man i don’t want to spend too much time on it because we can do a video on this and we will later but you know these are one of those things where where what i love the most about one of the things about the wise token is is how when you have a project that’s complete and solid and built and functioning even in times when the markets going sideways or going down or consolidating when you’ve got those projects that have a history of no hacks no rug pulls no bugs and then they’ve got months and then years of being of operating and doing their thing and having value built on top of them it’s just kind of a sleeping giant a sleeping dragon you know it’s it’s uh i forgot the name of the the rule but there’s something about after something’s been around for like nine or ten years after something has been around for x amount of years there’s this value that it has that becomes and that’s unshakable there’s a word for it’s not network effects it’s some other rule but when you look at something like wise token you look at some of these projects like oh okay well that’s going to be around in in 10 years you know or that that’s a project that has a solid infrastructure and has fundamentals built to last and and why is token for sure because it takes advantage of the the lot liquidity just the lock liquidity yeah and and then the fact that there needs earning money earning interest on a on a locked investment the time value of money that’s there’s a value there in like replicating a bond or replicating a cd contract that no one can pervert it’s not it’s not just replicating a a time locked uh uh deposit that of an asset that earns interest but no one else can come between the it’s just the person in time and right now i think the only thing holding it back is the the network of ethereum how congested and and how high the gas fees are to operate with that network but beyond that the the project continues to function as designed and continues to be built i know that we’re getting close to our power hour although we got a late start so we absolutely can go a few minutes over considering this is a fascinating article right here i thought i think so too that’s why i kind of had to hop to it real quick because in in in a way you could look at this as really being one of those when we got excited about blockchain and crypto it’s it’s nfts it’s the potential of what cryptocurrency blockchain can do with non-fungible ideas the non-funchables token space the uh whether it be for jurisdiction whether it be for you know it’s more than artwork identification uh or what you were talking about shifting ideas building on ideas creating and now a space where people can kind of look at ideas and build off of them together yeah this article talks about knowledge markets is kind of how it sums it up at the end uh basically the idea is that i uh concepts or ideas or theories could be embedded in nfts and then from that you’d have a you’d have an attribution right so who whoever minted it or or whatever so you can attribute ideas to people and then there’s um ways to to do to test things right and you could verify you could you could upload or connect you could create basically the idea is they create an ecosystem of ideas and tests and you get to see if the idea is passed the test or not right and then who and then so then then that kind of creates an evolutionary discovery process that would be separate from the journals and the in the academic institutions that that have a gatekeeping on that now now so yeah it’s it’s kind of like an idea of decentralizing science if i can finally be so bold i love that well you know you think about the gatekeeping of journals scientific journals and and and how hard it’s been for people to be able to break through or get ideas in and so now it’s decentralizing that um the world of ideas in that sense you know academics yeah that whole process yeah it’s worth this whole article is worth reading it’s not one that’s going to be usefully skimmed and some summarized in a couple sentences it’s rich the whole thing is rich it’s rich but worth reading and if you want to know more about nfts it’s kind of it’s it’s necessary it’s so well done that to understand uh how an nft is it what it works so we’ll definitely link this article and we’ll use this article again in a more detailed video that we’re gonna make about nft’s period because uh i’m excited about the work going on and i need to do a correction i know that jeff sent me a message on on on some of how the social impact will work so i will i will make that edit but man it is definitely exciting to see what what is going on with blockchain and nfts if you can find a good nft project i i recommend learning about it and joining it and and just going on because it’s going to be a wild ride over the next you know decades plus that’s that’s very very true let me power through some stuff you guys because we got through most of our most of our articles um i just want to say bullish fundamentals despite the the prices right now you know i like to look at the articles that are going on and have you seen this look plan b passports offer bitcoin tax relief through new residents so so some countries are going to literally allow people to purchase citizenship and give them uh tax breaks for bringing their wealth we’ve got um what was this i just shucks was a little higher no i mean let me refresh this page and see what else pops up the inevitability uh supremacy of bitcoin um this should that would be fun to read the sharian bitcoin cycle by the way speaking of fun to read i love seljin being mentioned in that article earlier how much seldom was mentioned it was just making me crack up how to watch that debate that this debate that they reference bitcoin has been profitable for 96 of its life 96 um you know the plan b how to restore our values and open letter i don’t know what that’s about the inevitability of bitcoin supremacy and uh my my point of of playing these articles i’d like to critique that one or to show you oh wait here we go this is what i was trying to show major australian broker uh bringing 95 000 more investors to bitcoin trading um spike lee now doing a commercial for for cryptocurrency atms uh coin cloud you know some beautiful artistic commercial he’s making but my point is this and culture and business what does this tell you about blockchain and crypto do you think it’s going anywhere anytime do you think it’s about to disappear or at the end of it or are you looking at signals that it’s just the beginning you’re literally just seeing people adopting just seeing i’d say it’s time to just call it bitcoin it’s dead yeah it’s i think it needs to be said you heard it here bitcoin’s dead you heard it here first no you couldn’t have heard it here first yeah if you shared it for your first then you haven’t been around you’ve heard you heard it here for the thousandth time um so we talked about um maybe not i’m going to just throw this down i don’t want to uh get too boring to the details because the details of this would be absolutely boring but we’re talking about grayscale in the news again grayscale’s crypto fund becomes an sec reporting company their their cryptocurrency fund is now reported to the sec and it’s one step closer to becoming a bitcoin etf is the article very cool uh but a major milestone disclosed a major milestone by grayscale and as a digital asset manager so again this is just bullish news for long term uh crypto adoption not saying what the price is gonna be from this month to next but if you’re looking at where is the world stand we talked about the sotheby’s article in the beginning uh i didn’t mention this but i i haven’t read too much iota is an old-school blockchain project back from 2017 ico craze uh and it’s and it’s it’s fun i love seeing these older projects get wings and get development and what people think we’re dead we’re just dormant and if i cashed out of iota to get into wise just just full disclosure well that at that time was a wise move because iota’s been uh sleeping and um and so but it’s now it’s cool to see um the chrysalis network i like that butterfly analogy that’s kind of neat um but but it’ll be cool i mean we’re this is just my point is we’re in the beginning we’re in the beginning uh iota is now coming out with its first uh you know dex uh and d5 experience and iota’s been around since 2017 it’s four years later and they’re just coming around to this first you know clunky development who knows what it looks like and i’ll check it out but but the point is is that if you’re just now learning about crypto you know take your time you’re you’re at a good you’re at a beautiful time you’re at the beginning like we’re this is the beginning for a lot of blockchain projects just because bitcoin ethereum might have been around for a decade during that decade they were working out their kinks and and the networks were just maturing and developing and now we’re literally seeing brand new seeds brand new chains brand new projects uh being emerging and being born so this is a great time to to start to immerse yourself and just to begin to learn it’s a great time to begin to learn about crypto and blockchain if i can do it if i can figure out how to download a wallet ascend and receive then you can do it that’s definitely the moral of the wise beyond bitcoin story yes well said for sure i don’t know if you saw it but uh synthetics has some news too they’re they’re rolling out a uh second layer layer two launch we should definitely cut cover that before we uh roll out because uh synthetics is well they’re they’re i’m a fan of that project i’m a huge fan of of what they’re doing on ethereum yep let’s see that you can buy if people aren’t who are listening don’t know you can buy synthetic uh digital assets that track stocks and also track cryptocurrencies on their network uh they have inverse crypto uh purchases you can make so you can make you can buy something that’ll go up if uh the underlying asset goes down so if you feel bearish that there’s some plays there pro tip you can buy any stock and that means any trading hours at all you don’t have set times on the blockchain that you can trade or not trade it’s just always right that and that’s what’s cool about synthetics uh or or in d5 in general uh but if you’re if you’re like you were saying synthetics they’ve got um assets that are pegged to the the inverse so you can you can bet you can short bitcoin or i’m sure you just got through saying this yeah i was talking about that i know you’re right i know you were saying that and and i i that’s why i stopped myself but my point is that like what jacob was saying when you engage in this you’re engaging in a system that’s 24 7 that you’re in control of you can decide when to get in when to get out how much to to to jump in with and uh so moving to a layer two that allows more people to transact seamlessly and at lower costs this is just it’s optimistic optimistic for synthetics optimistic for ethereum and d5 and optimistic for blockchain yes all in all i think uh we’ve covered there was one more i just thought you might get a kick out of this uh guy he’s a cio for muskowski’s uh capital and digital assets and uh i thought you might like um this article that says um the negative stock to flow deflection is the highest it’s ever been in the whole history of bitcoin as a buying opportunity if you look at this uh chart right here and uh that’s uh that’s basically saying that the the new coin the ratio of new coins to the to the stock of old coins has never been um as low as it is right now that’s right is that right okay yeah which basically is the supply and demand thing right so the the supply of new coins coming on versus the ratio of what’s already existing in circulation is is small so the p we’re going to be ever we’re all going to be chasing after smaller and smaller fractions of these things as time goes on right that’s right not that we couldn’t go uh lower but if you look at the trend if you think that this model uh will will still continue to hold and is relevant um these these tend to be uh bottoms consolidation periods of bottoms i mean now look when you see from here to here you’re looking at a whole year take place coming from this bottom to this top or you’re looking at at least half a year i mean this from going to here to here is six months so even if we’re kind of hitting the bottom we could be looking at another six month plus move before we come up out of out of this uh hit another a parabolic time for sure but yeah it’s gonna take time but it’s a good place to see in the flow it’s a good place to see this position in the flow if you’re if you’re looking for fun for good technical fundamentals then uh the stock to flow model yeah i think looking at fundamentals and technicals and timing to timing it is better than just going off of uh like the sentiment right because the sentiment you’re going to not like the sentiment when sentiment is up and you’re in your being your body and your mind telling you to buy buy something that’s probably the worst time to get it right because your emotions are taking over and it’s it’s a mania or whatever is fueling it but if you can so if you can kind of reduce all that emotion and that noise and just go off of fundamentals and uh you know to try to remove your emotions from the from your calculus that’s that’s going to be a better way to invest and i think looking at metrics like that is that’s key i don’t see anything popping out as far as uh cryptos that are that are kind of doing holding their own against the the the bloodletting the the consolidation but uh of course stable coins are doing really well right now i’m just kidding i’m bullish yeah i would like to learn more about uh bitcoin sv i’ve i i don’t know enough about that project but uh i’ve heard some interesting things about what they’re working to develop off the bitcoin network um so do you know anything about that jacob i don’t okay yeah i don’t either on you okay well just if you if you do feel free to drop it if you’re if you’re a part of that project or know a lot about it feel free to drop a comment i’d love to learn more about it and and share that but i don’t i do know that charles hoskins just joined uh a board uh for ethereum classic shush really really yeah it was i was of one of those uh articles on oh that’s cool yeah we can talk about that later on yeah yeah a whole new whole new subject but yeah i got one last thing i’m just going to drop on you guys you want me to pull up an article while you talk about it brother yeah look up planet watch dot us i think you guys are you’re not sending me to some you’re not sending me to some site that’s gonna hack all of my information and send a bug to my computer did you just wait a minute oh no oh no he found out he saw me out dang it no actually i i found these guys out and they i think you guys will love them because of their ethics and what they’re doing with the blockchain they’re using blockchain technology uh and that as a ledger to be able to monitor air quality around the world that’s cool yeah that’s actually super simple algorand foundation is uh that’s that that’s huge to see that i like seeing al goran that’s that’s one of my favorite uh protocols out there um i say favorite it’s what i you know i got a basket that i call blue chips in crypto and i know that the whole thing is wild and volatile but if i were to write down a list of blue chips i would put uh you know cardano and polkadot and ethereum and algorithm certain projects like that that have solid teams you look at the people behind them and how long that have been spent building it but that that’s that’s a good sign to see that why become a planet watcher man that that’s beautiful air pollution kills seven million people every year currently well i i mean i uh i don’t know how to measure how air pollution kills but i do know that breathing poor quality air is definitely lower lowers life expect i mean you know if you’re breathing poo poo air you’re breathing poopers like if you’re drinking bad water the water gets into the water it gets into your every cell in your body i mean this is huge this is the air we breathe man it’s uh yeah so definitely one to watch is is there a uh the equipment you buy yeah yeah yeah so the way they actually want you to do it if you click become a planet watcher and then once that loads and say get a sensor where it says no because you need to buy a sensor and then a license for that sensor uh the license is for like a period of time so they have different types of sensors type one through four oh my gosh they’ve got literally a sensor that you could put a an indoor plant in that’s so cute i love that yeah and what’s what’s cool about that too is it’s like i mean personally i’m really big into gardening and permaculture so anything that where you’ve got a living soil and you’ve got that ecosystem going through that’s just it’s i dig it i dig it too brother i love that i’m i’m also into similar passions yeah we all have that in common this uh these sensors they all they go for uh different uh pollutions in the air some of them are different types so they have they measure different pollutions at different rates and what’s cool about them is uh you they’re actually all different price ranges so if you only have a small amount of money and you want to get into crypto their little type four miner it’s like a 150 bucks and then a license for three years is like 80 bucks so it’s like you spend after taxes maybe 200 300 range and are you mining you’re mining crypto for monitoring the air quality wow yeah they actually have their own cryptocurrency um wow i i’m still looking into this project but i figured it’d be one to bring up i kind of wanted to drop it on you as a surprise because i know you guys love ethical projects and this it doesn’t get better than this right up our alley i love i think i think that’s a good way to wrap up the the weekly the week updates we we’ve covered a lot of really good information on here um you guys have anything else do you want to drop down before we wrap it up i think that’s that satisfies me i don’t have anything to add jacob hold on to your coins hold on hoddle hold on for dear life uh and of course we are going back to shut we’ll get to it thank you for your patience there’s a lot happening behind the scenes at least our new site’s up for for links but uh we are absolutely going to revamp an update wise beyondbitcoin.com check out our site put it in your bookmarks and we are going to be a hub as we already are for uh where did we get the news for today if you want to check out crypto news yourself throughout the week we got news sites plenty of links to to show you all the latest hottest uh information on blockchain popping up in the articles cryptometrics check out the prices coin market cap and see what’s happening and of course how you store your crypto how do you buy crypto gateways and exchanges we’ve got the information we got some new information coming on nfts how to monitor where to view nfts and of course uh special projects that we support and uh look forward to sharing that with you but uh i will say thank you for sharing your your time with us we love sharing our moon days or mondays with you and it’s a beautiful crypto summer uh i’m rambling and my rambo was saying until the next time have a beautiful day and namaste i’ll let i’ll let you guys take it out from here later thanks for joining us on our monday evening uh live stream we’ll we’ll be back next monday and we’ll have videos between now and then thank you done y’all


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