SEC Proposes New Rules for Crypto Trading. Labor market sends mixed signals

Added: 2026-05-09

[00:00:08]Hello everyone. Hello.

[00:00:15]How's it going peeps?

[00:00:19]Anyways, look at that. 80,000 again.

[00:00:24]Day's not been bad. Day's not been bad.

[00:00:26]80,000 again. The SEC chair Paul Atkins has uh is pushing new kind of guidelines for crypto trading that are onchain trading markets and we're going to look at those. Obviously, people still have their hopes up for the Iran war, but I think like everything's right now the stock market is actually being driven by kind of like tech because you can see the S&P and the NASDAQ are up, but the Dow really hasn't moved all that much.

[00:00:56]US payrolls were a little bit more than expected.

[00:01:02]So, the market actually was uh pretty happy about that. But, you know, it's like the S&P and the NASDAQ keep on reaching new highs, but the Dow is like stuck below 50.

[00:01:13]Um, alts are up a little bit today, but we'll have to see what happens with the uh situation in the Middle East. It does not look like it's improving all that much, but uh the payrolls uh the payrolls data was kind of encouraging.

[00:01:31]Yeah, the NASDAQ had pretty insane insane day plus 440. I mean, tech honestly, tech is really carrying the entire market because the other earnings for the other companies really aren't that good, but tech is carrying like the entire market right now. And obviously crypto is most related to tech. So that's why it's writing the coattails. Does crypto really have that much to do with tech?

[00:01:54]Probably not. But it gets to write the cattails because people think that crypto is related to tech. NASDAQ is pretty crazy. S&P is doing pretty well, but uh the Dow, man, the Dow's kind of still stuck below 50K um because it's not as affected by tech.

[00:02:14]So what you have here, SEC chair Atkins pushes new framework for onchain markets. So SEC chairman Paul Atkins caused for formal called for formal rulemaking to update how US securities laws apply to onchain trading systems, crypto vaults, and DeFi protocols. If finalized, new rules could create the first binding legal framework for decentralized finance applications worldwide. The response from crypto industry groups was largely supportive.

[00:02:43]Obviously, they'd be supportive. The US SEC commission may be preparing for its biggest crypto policy shift in years after chairman Paul Atkins called for a formal rulemaking aimed at decentralized finance platforms and blockchainbased trading systems. So, they want some rules for blockchainbased trading. I think those rules are going to be fairly loose. And uh speaking Friday at the special competitive studies project AI plus expo in Washington, Atkins said existing securities rules were written for traditional financial intermediaries and no longer cleanly apply to modern onchain systems that can execute trading settlement, liquidity routing, and collateral management through software.

[00:03:27]Software applications today do not always organize themselves neatly along these categorical lines, Atkins said in remarks published by the SEC. Atkins said the SEC should revisit how legal definitions such as exchange, broker, and clear agency apply to blockchain protocols because the technology is different. It's different from all previous markets. So, you know, like they're considering new rules, which is reasonable.

[00:03:53]So, like the remarks are being viewed across the crypto industry as a meaningful break from the SEC's approach under former chair Gary Ginsler. I bet the crypto industry actually likes that because Paul Atkins is no longer doing the enforcement actions that so carry uh characterized Gary Ginsler's stent.

[00:04:10]Rather than arguing that existing rules already cover nearly every crypto activity, Atkins appears to be signaling that some parts of decentralized finance may require new regulatory treatment altogether. He also identified crypto vaults onchain applications that allow users to earn massive passive yield sorry as another area where the agency's intends to provide more clarity. That's cool. Atkins said the commission should use exemptive authority where necessary and prudent while opening the process to participation from innovators, investors, and the public alike. So that's kind of like where uh you know that's kind of like where we are right now. Um there he's probably going to open up like more common processes and stuff like that. Um and he's he wants to make a new set of rules for onchain application trading because he thinks the old rules are outdated because the tech is completely new. Even though the proposals are coming from Washington, their impact could extend far beyond the United States. Many of the largest crypto exchanges and decentralized protocols rely heavily on US dollar liquidity. That's true. American venture funding institutionally counterparties or access to US-link banking infrastructure. As a result, SEC guidance often becomes an informal global standard even for projects headquartered overseas. That pattern was already visible earlier this year when the SEC and commodity CFTC introduced a joint framework categorizing digital digital assets in groups such as digital commodities, stable coins, digital collectibles, and digital securities.

[00:05:40]Reuters reported the framework followed years of lobbying from the crypto sector for clearer rules. So obviously like you know we actually like Ginser tried to get those rules but because the crypto industry didn't like them they kept on asking for clearer rules although those rules were like fairly clear they just didn't really like them. Atkins is giving them more what they want. So I think they're going to be like actually pretty happy with these um new rules. So the response from the crypto industry was largely supportive uh reflecting um growing optimism that the SEC may be moving forward moving towards a more collaborative relationship with digital asset firms. The DeFi education fund describes Atkins comments as powerful.

[00:06:23]Obviously they're going to be more pro Atkins because they want like less rules and less regulations.

[00:06:30]So yes, the other part of it that's right now is that look, Clarity Act odds actually jumped. I think they were at 50%. Now they're at 69%.

[00:06:41]This was at uh 12:44 p.m. which was about 3 hours ago. So Poly Market traders are now pricing the Digital Asset Market Clarity Act at 69% chance of becoming law in 2026. Up four percentage points on the day. Okay, it was at 65. So I I still think it's more 50/50, but like based on some of the stuff they said, it might be slightly more than 50/50. The move follows reports. The uh the move follows reports the Senate Bank Committee is preparing to notice a markup of the bill as early as this week with a potential committee vote next Thursday. Draft text has already been circulated to industry groups for review. The shift traces back to a May 1st compromise on stable coin yield from senators Tom Tillis and Angela also Brooks which addressed the bill's last major sticking point. The text bans interestlike rewards on stable coin balances but also but allows usage based incentives. I guess like usage based incentives. I I don't really know like exactly what that means. It could be like you do some kind of activity and then they like give you some yield or something or it could like you have to be buying or trading or something like that. White House is targeting full passage before July 4th with Senate floor vote in June and a House vote before Independence Day. So, they're really pushing to get this passed and now it's up to almost a 70% chance of becoming law in 2026. That hopefully will drive some FOMO as well. So, we also have that sort of to look forward to. Not really sure if that's going to be a real thing, but we'll see. Are they making contributions? Uh, I can still wait.

[00:08:19]When the semiconductor bubble pops, it's going to be nasty.

[00:08:24]I The Clarity Act, I'm pretty sure, will not give you like a huge pump. Uh, I I mean, like, I don't really think that will affect prices that much at all. I I know some like coin fans are really I think uh the coin some of the coin fans are really really sticking on to it.

[00:08:45]I mean like I don't know how much the semiconductor thing is a bubble. I the AI bubble might actually pop sometime but I don't think it's going to be as devastating as people think.

[00:08:56]Like I I don't really think it's going to be like some like giant fallout of the market because yeah, a lot of these AI companies are going to die, but the overall like the overall industry is going to massively grow. I'm still looking at like other economic factors like I think the price of gas being as high as it is if it's there for like a much longer period of time. I think that will probably have a bigger effect.

[00:09:21]I actually think that will most likely have a bigger effect than uh some of the other stuff.

[00:09:29]I'm more looking at like I'm more looking at other economic factors. I'm definitely looking more at other economic factors rather than like some giant bubble popping because I I don't really see like a gi I don't really see a giant bubble popping anywhere out there.

[00:09:49]But yeah, like the Clarity Act, I think too many people have the idea that the Clarity Act will all of a sudden bring this magical like price pump to crypto. I highly doubt that's going to happen.

[00:10:04]Private credit solution, I think that's getting swept under the rug, but I I actually do think that will be kind of serious as well, the whole private credit thing.

[00:10:16]But I mean AI is getting really really hyped right now. I don't think like the preliminary is actually that good for society or like the job market overall.

[00:10:24]I think it's going to result in a lot more layoffs.

[00:10:27]But talking about that, like if you look at the jobs uh report, it's actually not that bad. It's really not that bad. Um at least right now. It might be much much worse like in a couple of uh in a couple of quarters, but right now not really. So, US payrolls jumped more than expected, but the report had several red flags for the economy. So, non-farm payrolls uh rose by a seasonally adjusted 115,000 in April, down from the 185,000 created in an unusually strong March, but better than the 55,000 uh forecast. I mean, right now you can see like the economy is like the overall economy is doing okay. I I think like a lot of people are struggling because of the gas prices, but the overall economy and job creation is not bad. Like you don't really see bread lines or anything. So the economy is not like crumbling at $6 trillion. It's probably overvalued, but we don't like we don't really know like how much the the new AI chip stuff is going to be worth in the end. Do I think it's overvalued? Yeah, probably. So the unemployment rate held at 4.3% further proof that the labor market has reached a point where only modest job creation is needed to keep the jobless level steady. A average hourly earnings came in lower than expected increasing. 02 for the month and 3.6% on an annual basis compared to respective estimates uh for.3 and 3.8.

[00:11:52]So average hourly earnings are lower than expected. Um but like like the forecast was only 55,000 in April but it was actually onlyund but it actually became 115,000 in April. Following recent trends, healthcare led with 37,000 new positions though multiple other sectors also saw gains.

[00:12:13]So yeah, I mean healthc care's always kind of been hot. Job creation top muted expectations through plotting U though through though the plotting US labor market sent up several flags for potential slowdown this year. Non-farm payrolls rose by like so basically it rose by 185 in March and 115. Obviously those are most likely going to be adjusted down because they're always adjusted down basically. Um but I mean I think that's like kind of like uh expected. If you look at the monthly job creation from 22, it's obviously been coming down. We had a couple of negative months, October of 25, February of 26.

[00:12:53]So like you can see like it's kind of like up up down down right now in front of my typing on your screen. I I don't see anything.

[00:13:09]I don't really see anything on my screen. It's if just Nvidia pulls back What do you mean in front of the global?

[00:13:16]I don't see it.

[00:13:20]I don't I don't have a I don't see a globe or anything.

[00:13:26]There's like nothing here.

[00:13:29]Oh, I don't know what that is. I have no idea what that is.

[00:13:35]It's probably just a character. I I don't know what the XA is.

[00:13:42]in a few months get we to get pharma stocks.

[00:13:47]I mean it might be a pretty good play because the antivirus right now I mean that's not as like severe as covid though.

[00:13:55]That's obviously not as severe as co because like it's not like an extremely infectious disease but it is it is kind of it is sort of worrying right now. The problem with crypto right now is like everyone's like focusing in on the stock market. Like literally everyone is focusing in on the stock market and like no one's really paying attention to crypto because crypto don't have doesn't have any really big moves.

[00:14:19]You have like $80,000 right now.

[00:14:24]You have like $80,000 right now.

[00:14:50]holds are dead. Yeah, I mean the excitement is gone. Like despite us being at 80,000, it hasn't really like gotten any excitement back.

[00:14:59]Uh if we get a proper uh altcoin run next, Salana can probably go above 500 if we get a proper altcoin run, but it might be a long time before we get any kind of proper altcoin run. Ono, Ripple, and Mastercard teamed up for a historical play.

[00:15:17]It's like tokenization of whatever the hell like Mastercard's doing. But I'm not super excited because tokenization doesn't move price up. And the only thing I'm really looking for is price going up. If price doesn't go up, the rest of that stuff is pretty meaningless.

[00:15:44]I mean, that's my opinion. If price honestly doesn't go up, the rest of stuff is pretty meaningless.

[00:15:56]Then partnerships never well they are actually tokenizing things via XRPPL ando but tokenization is like a one transaction thing. It's not really going to it's it's honestly really not going to affect price. See isn't buzz coming from where 6 months into a bare market.

[00:16:12]People have a lot of opium. Remember Bitcoin rose from 60 to $80,000.

[00:16:18]So people are hoping that another bull market is on the way.

[00:16:24]But as we've seen, I I I don't believe them. I don't think another bull market is on the way. I don't think I don't think one's going to be on the way for quite a while. But people have their opium that the bull market is on their way. And obviously, you have a lot of influencers selling that we bottomed at 60K and we are going up now. If we don't if we don't fall below 60K come like October, November, then I think they actually have a point.

[00:16:52]How does that equal all seasonason? It doesn't. It doesn't.

[00:17:02]I mean, the allseason index is really low as well, but like I said, people have opium. They really, really, really don't want to believe in the four-year cycle because if they believe in the four, if they actually believe in the fouryear cycle, then they have to wait another two years before they get any kind of a pump. And a lot of people don't want to wait for two more years before they get a pump. That's just how uh that's just how things are going right now. They don't want to wait.

[00:17:42]Eventually, years later, the Google's merge at this point, you have a better chance of making more returns from BNB, Salana, XRP, and even compared to BTC around 80K. Unfortunately, I mean, those coins will pump, but they need a strong market to pump. And right now, the market is not strong whatsoever. All the money is in stocks right now. There's no allseason coming. I mean, it's true. It it is actually true that all the money is indeed in stocks. I mean, stocks have performed very well. Stocks have generally performed very well and crypto has performed very very poorly uh to say the least.

[00:18:19]So yes, looking way into the future um possibly for all season. I mean yeah like that's supposedly when it's going to come. I mean some people are banking on like regulatory news like clarity to pump things up. I don't think I personally don't think that's that dependable to depend on regulatory news like clarity to pump things up. I actually think that's uh it's incredibly undependable. But you know like people aren't going to listen to that. More government prevention and regs more institutional buyers all season a thing of the past. It's like 100% rips.

[00:18:53]I actually think prevention and regs is going to be like really light under the Trump administration which means there's going to be a lot more scams. I mean that's the issue. I think like they're they're actually going to lose a lot of trust on the on the on the retail side.

[00:19:05]Institutions are only going to really buy the bigger coins. They're not going to buy the smaller coins. You have to rely on retail to buy the smaller coins.

[00:19:12]And if you lose a lot of trust, that might just not happen. I mean, I hope it does happen, but obviously there's like no guarantees. We'll pull back and go after the little tokens. Yeah, but that's in like another two years. We still got like 24 months before then or more. You think the Democrats are going to propose new regul? Yeah. once they get back like if they not while Trump is president cuz they can't get it passed but like if the Republicans lose 28 then yes like it doesn't really matter if they get majorities in the House and the Senate they still need Trump to sign it and they won't have like veto majorities got too saturated with uh Trump is a very bad look on tokens yes crypto got too saturated with cryptos like crypto YouTubers diluted attention no it's like overall YouTube search is like way way down It's not ju just it's not just like there's more crypto tubers and there are actually like a lot of them have like started dying off because of the bare market. It's not just that there's more of them. It's just that like the search volume in crypto is way way down. It hasn't been this low in like 5 years.

[00:20:14]And obviously before 5 years there just weren't that many people in crypto. So there were less crypto YouTubers.

[00:20:20]Also, like I think like the trust to crypto YouTubers has like dropped off a cliff because like too too many of them shilled like too many coins.

[00:20:30]Like the most popular ones were always shilling this shitcoin or that shitcoin.

[00:20:34]And uh I mean I think that like I think that just wore people I really do think that just wore people down. I definitely think that just like massively wore people down.

[00:20:46]You think YouTube is changing the algorithms to pay less? I don't think they're changing the algorithms to pay less. I do think they're promoting shorts more mainly to compete with Tik Tok, but I think that might eventually kill YouTube because like especially for their TV and laptop viewers. I I don't think TV and lap there are some TV and laptop viewers that watch shorts, but I think the propensity to watch like shorts is much less on TV and laptop. I think shorts is more of a mobile thing.

[00:21:13]But there's try they're really trying to push shorts on TV and laptop as well.

[00:21:18]my channel like this channel is shrinking a lot because this channel hasn't been getting nearly as many viewers because of the bare market.

[00:21:26]So the propo I mean like he hasn't he didn't uh he didn't actually completely lay it out what he proposes but he wants a new regulatory framework for onchain trading and like the crypto industry the crypto industry is very very supportive of this because I think they believe it's going to be very loose. He doesn't want to use the old framework for like traditional trading for crypto and most of the crypto industry is supportive of that. Like that's what Paul Atkins said anyways. People's attention span is nowadays about 8 seconds. Actually that's not true. 88 Metal Mania like YouTube TV is like the is the fastest growing segment of YouTube and people that watch YouTube on TV much prefer like longer videos. Like the average videos like the average video that YouTube TVers watch is like 24 minutes.

[00:22:14]It's really only on mobile that the attention span is so short. The the the attention span on laptop and TV is actually pretty long. But YouTube is like constantly trying to push like shorts even on like uh on a laptop and uh and TV for a single screenbased task has dropped to roughly 40 to 47 seconds.

[00:22:37]Yeah. But that's main that's largely due to like the uh that that's largely due to uh the mobile stuff though. I mean yeah my attention span on mobile's pretty short but but like I said like YouTube's own statistics say like their fastest growing segment is YouTube TV like watching YouTube on a TV and those people favor like longer uh like way longer videos will help um crypto in its death. Now I I don't think the new regulations will actually help the smaller tokens.

[00:23:10]I do not think that the I do not think it'll help slow smaller tokens. Also the thing is like that the screen real estate space to promote like long form videos is like getting less and less on like uh on TV and laptop. Like if you look back at 2016, YouTube, you had like basically like 12 or 16 videos that are featured on the homepage. Now it's like three. It's like three plus a bunch of shitty shorts. That's that's really what it is right now.

[00:23:43]Based on data for the fast growing are driven by AI powered storytelling, specialized education niches, and emerging video formats.

[00:23:52]Well, I mean, YouTube's like cracking down on the in in on in authentic content because like the AI stuff is just turning out so much uh the AI stuff is just turnurning out like so much um so much garbage. YouTube's like banning all that stuff.

[00:24:10]I think Coinbase is a better investment than Circle.

[00:24:15]Mega isn't that like Mega Ethereum is just a layer 2, man. I I don't know if I would just I don't know if I would buy layer twos right now. I mean, you got base, so I'm not really sure if I would buy any layer twos right now.

[00:24:29]I think Coinbase has a much more varied business plan. They they actually have like cuz like Circle's main um way to make money is staking and Coinbase is a much more variet varied business.

[00:24:43]Yeah. Like YouTube is trying to kill AI slop, but it's kind of like half-hearted because they also have a tool to generate AI slop. They are like they're like mass banning a lot of AI slop channels. Like they've banned like 16 of the top 100 AI channels in the last couple of months and those are like billions of views. But it's not helping that they have a tool to create AI slop going to be known as slop.

[00:25:07]Thanks man. Thanks for the donation.

[00:25:09]That is roughly um yeah about two gallons of gas right now unfortunately.

[00:25:15]Wish it was more. Wish it was more but that is roughly too India is the fastest growing large YouTube market by audience size.

[00:25:22]Yeah but honestly like I don't care about the Indian market because the Indian market doesn't really pay all that much.

[00:25:30]Obviously I target the American and European markets. Like YouTube earnings for the Indian market are pretty much like non like YouTube earnings for the Indian market are pretty much non-existent. Brazil and Indonesia while countries like Bahrain and Qatar have the highest population penetration rates.

[00:25:49]One gallon maybe it's like one and a half gallons here.

[00:25:59]Uh how why are so many Indians represented in governments right now? I mean, they have a large population.

[00:26:04]There's not actually a lot of Indians represented in the US government. Like, there's not that many like US congressmen that are Indians or like senators that are Indians.

[00:26:16]They're like maybe a few.

[00:26:23]You think Ethereum is a winner? So much built off of it. Safe to say there is here to stay. Ethereum is going to be around for a while. Like the whole stuff about Ethereum dying isn't really happening. Ethereum's got a Ethereum has a lot of staying power because like there's so much money trapped in Ethereum and they are actually making progress. All right, Ethereum is actually making progress on like speed and efficiency. It's never going to be quite as good as Salana or some of the newer ones, but they are actually making progress.

[00:27:02]used to be now in Vancouver.

[00:27:07]I mean, Canada does actually need more people.

[00:27:11]They are like they have a huge country with like very little population.

[00:27:15]The thing is that you're and you are attracting like the richest people over like the richest people from Canada and China over. So, it's not like there's a lack of money.

[00:27:26]Solo surpass Ethereum. everyone was saying it.

[00:27:30]I mean, it's going to take much much longer for Salana to pass Ethereum. And Ethereum is making improvements.

[00:27:35]Ethereum just not just like sitting there and doing nothing. They are actually making improvements.

[00:27:40]We we have to acknowledge that like you know Ethereum is we have to acknowledge that Ethereum is indeed getting faster.

[00:27:47]We have to acknowledge that Ethereum like is getting faster and more efficient.

[00:27:53]Used to be many Asians, now more Indians.

[00:28:01]Yeah, there's definitely going to be more. There's definitely more Indians in Canada.

[00:28:07]Do you need special permission to travel in China? Not really.

[00:28:13]I mean, you need a visa. You need like a visitation visa for most countries, but like you don't really need permission to go anywhere.

[00:28:20]Most people just go to the touristy areas anyways. They're not those the touristy areas aren't that interesting to me. I've already seen them.

[00:28:36]So, I mean, I do think Ethereum will definitely see some gains in the next bull run.

[00:28:42]The the US doesn't really allow imports of Chinese cars. Like, look, a lot of you have been tricked, especially by Trump, to think that the US doesn't have its own protective tariffs. We've always had our own protective tariffs and policies. We're no different from any other country.

[00:28:57]Like his his shtick was like, we the US doesn't have any protective tariffs or policies, so we need to implement them.

[00:29:04]That's BS. We've always had protective tariffs and policies. We're like every other country.

[00:29:12]Yeah, the court struck down Trump's 10% tariffs. Like, he's going to appeal it and it's going to take forever to actually resolve. Allow Chinese cars in America. Do I think Democrats will allow Chinese cars in America? No.

[00:29:31]It that's been a thing like that's been a thing for several that's honestly been a thing for several administrations whether Democratic or Republican. It's actually made no difference who's in office. Like BYD is not allowed here.

[00:29:45]Um BYD is not allowed here and several other Chinese brands aren't allowed here. Thanks, man. Thanks for the donation. Thank you for the donations.

[00:29:53]Got to live off those donations right now.

[00:29:57]Get anything into America as long as they pay him. I think like there's certain things even he can't breach.

[00:30:03]Honestly, I think there's like certain things that even Trump can't breach because like it's too politically damaging for him to breach those things.

[00:30:12]Win the AI. Everyone is trying to win the AI race, man. It's not only China.

[00:30:17]Like literally everyone is trying to win the AI race.

[00:30:23]Yeah. That's why they don't let that's why don't they don't let the Chinese electric cars in because BYD would have like would be serious competition for Tesla.

[00:30:32]Like America has always had tariffs and stuff to protect its own uh to protect its own industries. Now admittedly China does have more but like it's not like America doesn't have them. It's like the the the trade between America, Canada, and Mexico was always fair. There was no need to implement more tariffs. That was just plain stupid cuz like like they would they want you to think that America is being completely screwed by other countries that we we've never had protective tariffs, but we've always had protective tariffs.

[00:31:04]Like we're no different from any other country. And the and the protective tariffs between US and Canada have always been like really small on both sides.

[00:31:14]You think it'll be incorporated into SpaceX? Tesla's not doing so well on car sales. Tesla is more of like a technology infrastructure building company. Like they're really hammering in on like the uh the auto drive thing and it's doing pretty well here for a,000 bucks rather than 10k would put USA out of a little car business. Well, I mean like they're not going to be able to sell it for like a thousand bucks obviously. But yeah, using that as an example. Yes. But like BYD cars would cost like half of what Tesla's does. And that would that would cause like serious competition for Tesla. Even if Tesla cars are superior, people would rather buy the B by cars for like half the price.

[00:31:52]I personally don't think BYD tech is quite as good as Teslas, honestly. Like that's my opinion. I don't think I I don't think BYD cars are quite as good as Teslas.

[00:32:03]But that's my personal opinion.

[00:32:06]You think Tesla will phase out cars? No, not not anytime soon. They still need that market. Tesla is the data king.

[00:32:14]It's the Well, I mean, like they have like their main development is like autonomous driving right now. They can sell that for so much money and yet they gather the data from a lot of people buying their cars, going to the moon.

[00:32:30]Yeah. I mean like if you look at the stock indexes look at which stock indexes are going way way up is the NASDAQ and the S&P are better but Tesla software is light years ahead and you know like for the electric the EVs like the software is like the the main thing that matters the software is the main thing that matters because you know like like like autonomous driving that's huge and like having experienced it with my parents and their new Tesla cars. Like, it's great. Like like autonomous driving is awesome.

[00:33:07]It would take me a little while to get used to it, but like it's awesome. It actually works very well and license that and make money forever. Exactly. Addressable market is like 150 trillion between all his ventures if he takes over the entire market. I mean, SpaceX I still think is overvalued at IPO.

[00:33:30]I think pretty much like everyone who's tried self-driving cars says it's great.

[00:33:35]The only people that don't like self-driving cars are the ones that don't have them that think like they you know some people like there are a few people that get a thrill out of driving but I get a much more thrill of just like not driving and still going somewhere.

[00:33:48]It it's habit that like like you know like even like with the old tail like I'm I'm used to putting the key in the keyhole and turning. So like when I drive like my parents BMW because like my my RAV 4 is09 so it's still like a keyhole car but my parents like BMW when I'm at home and I'm picking up I'm picking them up from something like you know you just push a button and it turns on like instinctively I still try to go for the keyhole because I'm like that's the way I've driven for a long time. I'm reaching for the wheel and pressing the feet on the floor. Muscle memory. Exactly.

[00:34:21]Do you ride in a car with no steering wheel? I think it would take a long time to get used to as 38 trillion addressable market and pretty much only player.

[00:34:34]I think it is overvalued right now.

[00:34:38]I think they have a long way to develop the technology and like how like how do we know that's a 40 to 30 30 to 40 trillion market? You realize like Nvidia right now is the Nvidia right now is the most valuable company in the world. It's only 6 trillion.

[00:34:58]Like how do we get these valuations of 30 to 40 trillion? I don't care what anyone says. Tesla self-driving is game changer. Yeah, Tesla's self-driving is definitely a gamecher. Their main industry is techn like the technology behind the cars, not so much the cars themselves and European countries, but they need the data from the cars to keep developing the technology.

[00:35:18]Uh Asian countries and European countries have to buy oil. Are they going to buy from us? We can't supply the entire world with oil. We're just going to have like the rest of the countries are just going to have shortages. Drive. Take it off auto and drive it. Pretty simple. Exactly. But I'm going to guess like 95% of people are going to use auto drive. Driving's cool. Like when I learned how to drive, it was cool for like two months and then I'm like, "Yeah, I just rather not drive and go places."

[00:35:44]Yes, Nvidia is still the biggest company by market cap.

[00:35:50]How do they know what the future demand is exactly? Like it's it's such an imprecise art.

[00:35:58]500k BDC is around 66 trillion.

[00:36:01]It's going to be forever before you get to 500 BTC. Like the law of diminishing returns holds true. Drive my sports car.

[00:36:08]I need a thrill uh of driving.

[00:36:14]Yeah, I don't really I don't really care about sports cars, so I I don't need the thrill of driving. I mean, they can guesstimate it, but you can't really say like Tesla like they're going to be the only ones in the market forever if the industry develops. I mean, there are other companies developing satellites.

[00:36:30]Uh, diminishing returns are definitely starting to show. Well, every cycle it's been diminishing returns. It's just that this cycle was like a lot worse than people actually thought. That's the issue with this cycle. It was like way worse than people actually thought.

[00:36:43]Drive a Tesla give you more thrill than your spoiler? I've driven both. It does not give me like driving just does not give me a thrill.

[00:36:54]I just like when I get in a car, I just want to go somewhere and I want to get there as safely and as quickly as possible. I could care less about driving the car. Like I said, when I was 16, it was cool. Or when I was 18, it was cool. Now that I'm 42, it's not so cool anymore.

[00:37:11]Like going fast does not give me a thrill.

[00:37:16]real fast to beat uh like I I don't get a I don't get a kick out of like hitting the acceleration pedal anymore. It's like meh.

[00:37:28]If I really want it, I can just go on a roller coaster, which I never do. 1 second, 0 to 60.

[00:37:35]Yeah. See, that doesn't really excite me. I could care less about going 0 to 60 in one second.

[00:37:46]be twice as fast as next.

[00:37:49]Sure. Like I like smooth constant acceleration. I don't want like a giant jolt. That doesn't like that's just uncomfortable, man.

[00:37:57]Think the equivalent's like 1k HP.

[00:38:04]Like I said, like the cars don't give me a jolt. Like cars don't give me a jolt anymore. It It was cool when I first started driving. It's not so amazing.

[00:38:13]It's definitely not so amazing anymore.

[00:38:16]What excites me is getting from A to B.

[00:38:18]Yeah, like what excites me is getting to be basically without having any accidents.

[00:38:23]Dude, if you want G-forces, just ride a damn roller coaster. I mean, seriously, go to a theme park and ride some roller coaster. You want GeForces. That way, you're not a risk to anyone else on the road. Tesla's like 9.10 second quarter mile.

[00:38:37]F AV burn half your gas tank too going.

[00:38:40]Yeah, definitely. Like gas is so expensive right now. Not viable, man.

[00:38:45]Not viable.

[00:38:47]I also don't like speeding tickets. Yes, speeding tickets are definitely like no good.

[00:38:53]Pin your throat in that Tesla real talk.

[00:38:59]I mean, I don't know if anyone really drives Tesla for speed. It's just Tesla's just more like that. Auto driving is just for convenience, man. I can tell a lot of people drove one.

[00:39:10]Well, I've ridden and driven a Tesla. I don't drive it for acceleration or speed.

[00:39:16]Electric, if you charge at home, it's better mousetrap. I mean, if they can reduce charging times at stations, like electric cars would just be a lot more viable.

[00:39:28]Like electric cars would be way more viable if if they just reduce the time at charging stations. Saying they like fast while Tesla Model S is the play. Nice. Yeah, silent cars are boring. I think silent cars are awesome.

[00:39:47]I think silent cars are awesome.

[00:39:49]So much more peaceful.

[00:39:52]They can make combustion engines uh run on water hydrogen. I think that would be better than electric.

[00:39:57]Maybe I mean like I've seen some hybrids do that. The sound they have sound effects now if you want.

[00:40:08]It's not really the engine noise that keeps me awake when I'm driving. It's just basically I have to pay attention to the road. That's why I stay awake driving. The engine noise doesn't really keep me awake cuz like the engine noise is just like a constant background hum.

[00:40:21]If anything, that more puts me to sleep than anything else.

[00:40:25]Model S played top speed and not that many cars can go 200. Not that many commercial cars can go 200. I I will I definitely have to say that like there's there's very few commercial cars that can go 200 miles an hour at top.

[00:40:40]Good luck to little sports car guys keeping up.

[00:40:45]for the sports cars is definitely more the look. But they can can't they just make a Tesla that looks like a sports car.

[00:40:57]I'm sure they could, right?

[00:41:00]Look, some people really like cars. Like George really likes cars. I just happen to not care too much about cars. Like George really really likes cars and that's good for him. I personally don't care too much about cars. I mean that's just how I am.

[00:41:15]drove a Tesla. Don't get it.

[00:41:18]I mean, I've driven a Tesla. I just I mean, I've never done that, though.

[00:41:24]I I've never done the 0 to 60 because I never bothered to try the Corvette. It can beat a Tesla plate.

[00:41:39]Yeah, but it's a freaking Corvette.

[00:41:42]Tesla's the Tesla is a very good car.

[00:41:44]Yes.

[00:41:51]But like I said, Tesla's future business is definitely more in like software and auto driving than actually in cars. Like they'll make they'll make bank in cars for sure, but their their future is more in like auto driving and stuff. Minivan dad. I don't like minivans. They're big.

[00:42:07]I like smaller cars. I mean, I guess I like SUVs that can carry equipment, but like I don't really like big cars. Like, big cars are freaking hard to parallel park. And some of the bigger ones, like the trucks, like the F-150, they don't really fit in the damn garages.

[00:42:28]Like the like the cars, the bigger cars like the Ford F-150, they they actually don't fit in a lot of the garages. Like, you can't get in the gate, which is really annoying.

[00:42:46]Like I actually need cars that can fit into like slots. I've been trying an electric motorcycle. I wonder how that would feel. I have no desire to actually ride a motorcycle.

[00:42:57]Like the wind is cool, but like I have a I'd rather just be safe and drive a car.

[00:43:04]In multiple tests, the Tesla Model S plate has beaten this uh Chevrolet Corvette in the one half mile.

[00:43:21]Well, I mean, sooner or later they're going to race a Tesla that they will raise a race a Tesla in like the F1 circuit and see how that works.

[00:43:33]See how the Tesla does in the F1 circuit.

[00:43:45]You can rip autopilot at 200 miles an hour.

[00:43:50]Like I said, I really don't care how fast the car can go at top speed because I'm never going to go at the top speed.

[00:44:02]like a car's performance metrics. I only really look at a car's safety metrics. I do not look at I look at like miles like my performance metrics are like miles per gallon and safety metrics. I could care less about the performance metrics.

[00:44:17]Every car on the market can actually like can actually like uh drive like safely on a as long as you can maintain like 80 90 miles on a highway, I'm fine with the car.

[00:44:28]Like I don't I don't even bother to look at what the top speed or the acceleration is because I don't really care.

[00:44:34]Whether you go 0 to 60 in 5 seconds or 0 to 60 in 2 seconds is completely irrelevant to me.

[00:44:42]Tries the wife around. Yeah, it drives the wife around. safety, you know, has airbags, seat belts, and another another huge metric is like you've got to be able to get parts. You you've got to be able to get spare parts at the at the shop if something breaks.

[00:45:03]That's why I would never buy an exotic sports car because it is damn impossible to get parts for those things.

[00:45:10]Have you tried Have you ever tried to get like parts for a Lambo? It's freaking impossible.

[00:45:18]Like, have you ever tried to get parts for a custom Lambo? It is freaking impossible.

[00:45:22]Yeah, the updates are pretty smooth for the Tesla.

[00:45:26]Like, for for my Rav 4, I can just go to any parts shop, and they will have my part.

[00:45:33]If you try to get parts for like a custom Lambo or a Ferrari, it's like freaking impossible. You have to order from the dealership, which costs like five times as much, and wait a month for it to come.

[00:45:51]It's a nice cat. Nice caddy. EV Escalade. Things suck.

[00:46:09]I see.

[00:46:13]Yeah, self-driving is awesome, man.

[00:46:15]Like, if you don't like like if you don't think self-driving is awesome, I think you've never actually ridden a self-driving car.

[00:46:31]Like things like things that are like I mean like a top speed and acceleration were never important to me in a car's features.

[00:46:45]Well, I mean, how the Tesla works, how the Tesla works is like you can always you can like you don't even have to take the self-driving off. You can just like if you if you put your foot on the acceleration, if you put your foot on the acceleration and your hands on the uh steering wheel, it automatically switches to your control.

[00:47:04]So, like that's how the that's that's how the the Tesla that's how my parents Tesla actually works.

[00:47:19]But I I will say though, the infrastructure like the infrastructure isn't really quite there yet.

[00:47:41]I will say the infrastructure isn't quite there yet.

[00:47:54]That's true. I drove enough.

[00:47:58]No one is going to drive. I mean, eventually everyone will actually like have auto driving and the roads will be a lot safer. It'll be a while before we get there, but eventually we will have everyone auto drive and the roads be a lot safer. Xcar, she don't let me drive because I'm too leadfooted. I see.

[00:48:20]I mean, most people don't have self-driving yet. It's going to take another 20 years or so, I think, before everything's like before most cars are self-driving.

[00:48:28]Because like the stuff that it still does cost more honestly. It does honestly still cost more and cost is still a cost is obviously still a pretty big thing.

[00:48:55]It is just it's a great option and it's one that like more and more people will want. It's an awesome option and it it's definitely one that more and more people will want and demand like especially as more and more people get used to it.

[00:49:10]You know, like gen like like the younger genzers, they don't even want to drive right now because it's too expensive to drive. A lot of them like I think like I think there's a bigger portion of genzers that don't actually have licenses that are like 18 or 20. Having gas and electric in our house hold the electric is far cheaper to run.

[00:49:28]I mean I mean isn't that because gas prices are like super high right now?

[00:49:36]Jasm is pumping. Awesome. Awesome. I guess the maybe the founders are finally like pumping it.

[00:49:43]Could be that the founders are finally pumping Jasm.

[00:49:49]Oh, they announced a meeting. That's why. Okay, I can see that. Look, it looks like they need to reassure the investors again.

[00:50:04]120 a liter. I mean, that's still pretty expensive by US standards. Like remember like our gas was like at 227 a gallon.

[00:50:12]Founder May 15th meeting May 19th. Makes sense. I mean like things are pretty bad right now. So I think they need to re I think they do actually need to reassure the investors that like things are okay.

[00:50:24]I feel like that's probably why they're having the meeting.

[00:50:30]Yeah, but that's like $2 per liter. We had like 227 per gallon. It's like 3.8 liters per gallon.

[00:50:38]US gas has always been more expensive than gas elsewhere. Sell when you're in pro. It will be 50k by the end of the summer. There's a pretty good chance.

[00:50:52]Yeah. 222 per liter is like $8 a gallon.

[00:50:56]But if it's 222 Canadian, then I guess it's like well like like 650 a gallon.

[00:51:01]That's still a lot.

[00:51:14]Like gas is like 440 a gallon here and it's like the highest I've ever seen.

[00:51:19]I've never seen gas prices so high.

[00:51:23]And unfortunately, it's lasted already.

[00:51:25]It's already lasted about a week. And I can I can foresee a couple more months of this.

[00:51:43]Equivalent cost is 8.40 per US gallon.

[00:51:47]What's What's 840? What's 840 uh Canadian convert to in USD?

[00:51:55]I'm telling you, man, if these gas prices last for much longer, you can you can they can forget about their like they can honestly like forget about any kind of midterms or even 2028 chances.

[00:52:25]616 USD. So, you're paying $6.16 for premium per gallon. That honestly doesn't look so bad now cuz like even GA like gas here is like $5 a gallon for premium or or uh So you're paying about 8.40 Canadian for gas. So it's about 616 USD per gallon. That's actually not super bad. I think it's I think it's more expensive in Cali right now.

[00:53:02]Like Wisconsin for like just regular is like 439.

[00:53:06]Exchange rates on volume comparisons uh per liter is approximately Yeah.

[00:53:25]and like I said, I don't think this is getting better anytime soon. I highly doubt this is getting better anytime soon. And and like there's definitely more voters that care about the price of gas than like the stock markets because it's Wall Street that cares about the stock markets, but it's like Main Street cares about the price of gas way more.

[00:53:55]Los Angeles 639 regular. Cali has like Cali has extra fees on their gas always because like the voters like in Cali like in the last five years last 10 years actually voted for like some kind of environmental regulations that makes their gas a lot more expensive because they have like a mixture thing there in California.

[00:54:14]It's like a it was like an emissions initiative and like more people voted yes than no. So that's why that's part of the reason they're so expensive.

[00:54:23]But again when they took the vote gas wasn't like this expensive. Are the new proposed rules for crypto trading good or worse? I think they're going to be better and looser um than like you know what uh what like we've had to follow um up to now highest in Canada where I'm at. So probably cheaper than where I'm at for 91 but my car requires premium fuel.

[00:54:50]Yeah, but California is basically like the the most outside of Hawaii probably.

[00:54:54]Like u well no no gas in Cali is probably more probably more expensive than Hawaii actually. Like Cali is probably like the most expensive place in the country for gas. Like the the US average is about 450 a gallon right now.

[00:55:08]Sure. Alberta is cheaper than Vancouver probably. But overall the CA Canada is going to be more expensive than the US because the US subsidizes gas and Canada doesn't.

[00:55:25]But yeah, the new proposed rules for crypto trading are probably better than the ones that we've had to follow up to now.

[00:55:36]I I say probably better. I'm not like a 100% sure, but they're probably better.

[00:55:49]I actually think gas is probably the most expensive in Toronto, more even so than Vancouver.

[00:57:16]625 in LA.

[00:57:21]Well, well, yeah. Look, I I've been I've driven all through Canada before.

[00:57:25]Obviously, like the most uh the most expensive gas for me I ever got in Canada was like up in the Northwest Territories obviously cuz there's no one up there and like everything's so far away. Like the the like I'm I'm talking about like the the federal provinces because the the northern like gas in the Northern Territories is going to be way more expensive than the southern federal provinces. The the high the the like the the more north you go, the more expensive gas gets. gas and yellow knife is way more expensive than like uh than like you know Saskatoon setting up another altcoin rugpole. See, and America has gone crazy.

[00:58:13]Syra, you have to fly your ice rod in.

[00:58:17]No, like just like there's a road into Yellow Knife, but if I remember correctly, like gas in Yellow Knife was like a dollar more per gall. like was like, you know, 30 40 cents a liter more than like in other areas of Canada. Vibe in the USA has changed a lot. It has.

[00:58:33]Look, the problem right now is like people are looking at like everyone's looking at Wall Street for like economic signals, but that's not what pe most people are looking at in America.

[00:58:46]That's not what people are in America are actually looking at for economic signals right now.

[00:58:51]Well, I mean, it's like Yellow Knife is remote, but you can drive there. I've driven there before. You don't need to fly in.

[00:59:01]Yeah. People are looking at gas price and soon grocery prices. They're not looking at the stock market. A lot of Americans don't even own any stocks.

[00:59:09]And they're more concerned with day-to-day expenses than like retirement funds.

[00:59:16]So despite like the stock market doing well, like consumer sentiments basically at an all-time low.

[00:59:34]I mean like like in I mean like the look that the federal province like the provinces in Canada are just different from the federal territories. like the Yukon and the Northwest Territories are like completely different from like the the five the five or six provinces below in the south in Canada. None of us like by itself because no one like almost no one lives in Navat and and there's no roads into the the province. So none of it doesn't really count.

[01:00:00]Funny.

[01:00:05]In fact, I am going to organize an army and march into None of conquer Noneut.

[01:00:10]There won't be much to conquer, of course, but I will take over the province and its polar bears. Although, they might put up a fight.

[01:00:28]It's where we would be the most expensive place. We are port central.

[01:00:36]Well, I mean, Vancouver's like, isn't it like Vancouver and Toronto are easily like the most two most expensive places to live in Canada? I don't think any other city even comes close. Maybe Calgary, but like Vancouver and Toronto are by far the most two expensive cities in Canada to live.

[01:00:52]The Inuit, yeah, but there's not that many of them.

[01:00:56]If I can rally like 10 15,000 troops, we can take the Inuits easily.

[01:01:02]I mean, the population of the capital is like 6,000 people.

[01:01:07]I think I'm more afraid of I think I'm more afraid of the polar bears than there armed forces. There's a lot of polar bears up there. What saying how we live in the richest country, but we have the worst food in the world? I wouldn't say we have the worst food in the world.

[01:01:20]I mean, like most of our food's mass-produced, which means it's processed.

[01:01:25]So, you can make that argument, I guess.

[01:01:35]Have you seen like do you know like do you guys know how big None is? It's like bigger than Alaska.

[01:01:41]None of us like bigger than Alaska.

[01:01:42]There's like no one there. I don't think there'd be too much resistance that Vancouver is the best place in Canada. I mean weatherwise, yeah, I can't disagree with that.

[01:01:53]But Toronto is like where all the jobs are, though.

[01:01:57]the stock market a lagging indicator?

[01:01:59]No, it's not a lagging indicator.

[01:02:02]Main Street and Wall Street operate on Main Street and Wall Street are totally different. They operate in like two different realities.

[01:02:11]A lot of Americans just don't own stocks.

[01:02:19]It's nicer than New York City. Toronto is better than Chicago. New York. Yes.

[01:02:31]I mean, Toronto is like Toronto is so much of the economic output and like the industrial output of Canada, No, I'm not a hu I don't like New York.

[01:03:03]You can't drive in New York. You have to take a subway everywhere.

[01:03:06]I just don't like big cities all that much. But Toronto is nicer than Chicago or New York.

[01:03:30]Well, Canadian cities aren't as big as American ones.

[01:03:44]Seattle's just depressing because it rains a lot. Otherwise, Seattle would be fine.

[01:03:54]Yeah, Toronto is about 20% of the uh of Canada's entire GDP.

[01:04:22]But we all know like we all know how Canada works. Basically every other major province funds like Quebec. That's basically how it works. Like everyone's everyone's net positive. Quebec's like net negative. That's how it works.

[01:04:39]I've been to Seattle before. It's not bad.

[01:04:42]It's expensive, but it's not bad.

[01:04:46]SL is the nicest city in the USA.

[01:04:51]What's SLC by? Col Colorado Springs is very nice, but it's getting inc but it's incre it's also getting really really expensive.

[01:05:04]Salt Lake Salt Lake City is okay.

[01:05:09]can't say the landscape's great, but like Salt Lake City is okay.

[01:05:13]Salt Lake City is also not too big.

[01:05:21]I'm telling you, like the thing is like housing's such a problem in US cities cuz like uh especially in like tightly packed areas. I mean, they should act like they should try to cut down on for like on foreign buys of like property and also like outofstate buys of property. because they need to free up they need to free up more housing for local residents.

[01:05:44]Flagstaff's pretty cheap. I mean, I don't think I would want to live in Arizona, though.

[01:05:56]I mean, Flagstaff's great if you like skiing.

[01:06:01]They did that. I think I think houses would eventually come down in price.

[01:06:05]they would have to because eventually they're going to need buyers. They would eventually come down in price. So, I think I actually think that would free up a lot of housing.

[01:06:20]You you do need to you do need to loosen some of the zoning regulations for house building, but you also like I would also discourage like outofstate investors and also like international investors in housing.

[01:06:41]Uh during ' 08, houses actually did go down. Like after 08, houses did go after go down for a couple of years.

[01:06:55]Like when people don't have money, like they do actually go down.

[01:06:59]But 08, they did go down after 08.

[01:07:29]That's true. But if you fundamentally change like housing investment, I think they would actually go down.

[01:07:39]Good for future house building.

[01:07:42]What does woodmills have to do with anything?

[01:07:46]A lot of houses like are built with bricks now for tomorrow. Up or down? I mean, the price of like the land under the house has to go down.

[01:07:57]I think like it's hard to say if Bitcoin's going to go up or down. We might go back down to like 79 tomorrow.

[01:08:10]It's not Alen King. It's not so much like the building of the house that's expensive. It's the land under the house that's expensive. It's the land that's expensive. Especially in cities, it's not the house itself.

[01:08:37]I I do think like foreign I I do think like foreign buyers and out of state buyers like people that like uh basically like people that have more than one primary like people that buy multiple houses they do significantly drive the price up.

[01:08:57]It increased by 5% here in the US.

[01:09:00]The thing is like like the thing is like is that your primary residence? I'm fine with people like I'm fine with you buying a place if it's your primary residence.

[01:09:14]I'm perfectly fine with you buying a place if it's your primary residence.

[01:09:25]But like especially for like residential properties, like investment properties in residential areas, like I'm not for that at all. Not at this point.

[01:09:53]Because obviously your rent has to cover the mortgage and if you didn't own it, they could just like, you know, pay the mortgage.

[01:10:00]It's expensive to build, but a lot of the price is just the land under the house cuz like just vacant lots are selling for hundreds of thousands. They want people to live in apartments. I think houses will be phased out slowly in use.

[01:10:14]I don't think so because America just has a lot more land than Europe and a lot and less people.

[01:10:27]And the population in America isn't really growing that fast.

[01:10:38]You would think that smaller homes are needed, but the average price of an actual single family house is still like still growing for whatever reason.

[01:11:50]Some of my best rentals are in Alberta.

[01:12:29]or Bitcoin. I do not run a Bitcoin node.

[01:12:32]I don't really think it's important for like investors to run a node themselves.

[01:12:36]I I don't really see a need for me to run a Bitcoin node. Also, it costs a lot of money to run a Bitcoin node. BTC nodes don't like run for free, you know?

[01:12:52]BTC nodes do not run for free.

[01:13:07]They do not run themselves, folks.

[01:13:11]They indeed do not run themselves.

[01:13:23]Solo miner. Nah, man. Why the hell would I run a node? Noisy as crap. And those miners aren't cheap. Like, you know, those miners aren't cheap.

[01:13:40]Yeah, but why would I run one?

[01:13:43]What's the point of running one?

[01:13:47]I told you, like I said, I'm not really in it for the technology. I'm in it to make money. Why the hell would I run a node?

[01:14:05]To verify transactions, but I don't really care about verifying transactions. I can let other people can verify transactions.

[01:14:15]Like I don't I don't really see a purpose for me doing that because I'm not really in on the development of Bitcoin.

[01:14:34]Like I mean like I said like I'm not really into Bitcoin technology.

[01:14:41]I'm I'm definitely into the investment market, but I'm not like into the Bitcoin technology for privacy. I think is important too to run a node. I I don't think it's important to for privacy to run a node.

[01:14:59]Kind of an odd stance. I I kind of I don't understand.

[01:15:09]Why would it be important for privacy for me to run a node?

[01:15:14]Yeah, but I could just rather just buy an actual lottery ticket.

[01:15:18]Like the winnings are much greater and it's cheaper than buying a Bitax minor using someone else's node. They can see all your transactions.

[01:15:28]I mean, doesn't it take more than one node to verify transactions, though?

[01:15:45]Also, like they don't really know. Also, they don't really know like whose transactions they're verifying. It's just a transaction.

[01:15:57]I don't know. I think this AI for will will take a while.

[01:16:11]like Alen King. I I don't I don't really care if other people see my transactions.

[01:16:20]I honestly don't care if other people see my transactions. I don't really have much to hide. I don't do anything illegal.

[01:16:27]And they don't really know what the transaction's for because it's not like I write it in the note.

[01:16:36]Yeah, I mean I think HAR really does need to focus on DeFi though. I mean like the industrial utility is great and they're announcing a lot of new developments, but they need to focus on DeFi.

[01:16:54]They don't focus on DeFi. Like if they don't focus on DeFi, it's going to be really really difficult. It's going to be very very difficult for them to do anything if they don't focus on DeFi.

[01:17:13]I I do have a feeling that a lot of the people that are like really really into this privacy thing, I feel like they just want to evade taxes. I feel like that's one of the main reasons they want the private transactions or moneyaundering, one of those two.

[01:17:27]Because if the government can't track you, it can't like have a legal base to tax to. It doesn't really have a legal base to tax you from.

[01:17:47]That's the point of Monero. Exactly.

[01:17:51]Exactly. I mean, I understand why Monero is there. There there are like other instances where I guess people would want private transactions, but more and more I'm getting the fact more and more like I'm understanding that essentially like if the people that really want the private transactions is essentially just obey taxes.

[01:19:24]is destined to never get a dollar. Like I said, like they need to sw they need to do more focus on DeFi. They don't do if they don't do focus on DeFi, they're not getting to a buck. They definitely need to do focus on DeFi. If they do it, it's it's possible H bar does have the technology to do really good DeFi.

[01:19:42]H Bar does indeed have the technology to do really good DeFi. You can't deny that cryp cryptocurrencies are just treated as income. You have to pay tax on income.

[01:20:05]you if you don't pay if you don't pay taxes on on your crypto earnings then yeah it is illegal because it's just income.

[01:20:15]It's not like a special class of income.

[01:20:17]It just it's just investment income.

[01:20:21]It's regular income if you hold it less than a year. It's investment income if you hold it over a year.

[01:20:44]I'll be out of H bar in the next in the 40 cent range. That's still pretty good.

[01:20:47]That's still really really good earnings if you can get to the 40 cent range with H bar because I think it's high was only like 26 cents or something before. So, even if you bought at the very very top, which I hope you didn't, you'd still be like pretty far in the profit.

[01:21:07]You'd still be pretty far in the profit.

[01:21:08]Even if you bought up there, Sonic is blasting off. I've heard about Sonic Rising the last couple of days.

[01:21:41]I have definitely heard about Sonic Rising the last couple of days.

[01:21:55]I mean, I think HAR has the capability of being a really good investment.

[01:22:00]I and I would be way more bullish on it if it just switched to more DeFi stuff, much higher than land.

[01:22:09]It depends on where though. Like here, you have vacant lots of land selling for like three $400,000 as at least half the price of the house.

[01:22:21]Like if you're out in the middle of Arizona, the land might not be worth very much. But if you're any if in if you're in any urban or suburban setting, then the land's worth a lot.

[01:22:32]CLPR or bridges standard for cross ledger communication thoughts. I haven't heard of that one. I mean, if they were to make a secure standard, it would actually be pretty cool for crossber uh cross ledger communication.

[01:22:49]But Dave Hooper, I'm really interested in like what can actually affect the price of a coin in the next two to three years.

[01:22:57]I really don't care what happens 10 years down the line at this point. I've been waiting for like almost a decade and I'm not going to wait for another two decades for like some kind of supposed like riches.

[01:23:15]I want to see activities that would actually affect the price of the coin like in a decently small time frame, not like decades down the line.

[01:23:31]That's why I want to see HAR focus more on DeFi. That's why I want to see Cardano focus more on DeFi.

[01:23:38]That's why I want to see onchain development by like third parties, projects that actually get onchain activity.

[01:23:50]Not like some great technological improvement that won't affect price for the next 10 years because that does not excite me anymore.

[01:24:05]And I don't think most people in the industry actually care about any of that stuff.

[01:24:10]Stuff that theoretically will impact price in a decade. No one cares about that at this point because most of that theoretical stuff doesn't actually pan out.

[01:24:24]I will say Hideeracon was pretty good for Hideera for HR though. I mean like it did get uh Yeah, crypto is about price.

[01:24:35]Crypto is 100% about price.

[01:24:42]I mean, sure, the crosschain transactions could could uh you know, CLPRI, it is about security, but but like I said, like I I'll read about it, but like it's not something that'll get people excited.

[01:24:56]It's really not something that'll get people excited if it doesn't impact the chain's price because I mean like you you just we need more people in the market right now.

[01:25:10]Like we uh we talk about clarity a lot but because like we're hoping that it'll give us a small pump.

[01:25:18]No, it's me and like 95 96% of the market that's not excited.

[01:25:23]We we have a lot of these developments and no one cares.

[01:25:30]That's why like the market never moves for these technological developments unless it can attract a lot of investor interest coming in. The Clarity Act will bring them. The Clarity Act isn't going to bring anyone. Come on, man. you know this it's not going to immediately bring anyone. It's good to get like some investment into the market like far off in the future. And I I personally think we've already kind of got the clarity pump in the last two weeks when there when like a lot of people were talking about it. Like there were a lot of people talking about it in the last couple weeks and I think we've already kind of gotten the clarity pump. If it doesn't actually pass, we're probably going to go back down.

[01:26:20]Look, Dave Hooper, like I've been following the technology and stuff for years. Like, I'm tired of all the promises. I'm tired of all like expectations far down the line. I've been there, done that. I want like something to actually increase the price in like in the next in a short amount of time. And short amount of time doesn't mean tomorrow. It means like in the next year or two.

[01:26:44]I want something where I can see tangible results in people's investment cuz I've heard all the stuff like just wait for like two more years then in two more years like just wait for two more years. I'm done with that man. I'm done with that.

[01:27:20]It's a good I'll look at it. It's a good It's a good technological step, but you have to realize that like that like 95 96 98% of people aren't here for the technology. They're here for like they're here for the gains and they only care about the technology as long as it can get them gains.

[01:27:55]If technology actually mattered, Bitcoin would not be the number one coin after like almost 20 years because there's obviously other coins that are far superior in technology to Bitcoin.

[01:28:06]Some people won't admit it, but there is scam coins don't leave the market. No, I mean, I'm fine. Look, I'm fine with this being a financial market. I've like come to ter I came to terms with that like years ago, a couple of years ago, that this is primarily a financial market.

[01:28:36]Yes, I'm looking at 97K as the break point. If it breaks 97K, I'll be bullish again.

[01:28:47]I mean, there have there have been some big investors like swalling up like like a couple billion worth of like H bar not a couple billion dollars, but a couple billion H bar tokens, though. That could signal like a buying phase sooner or later. Can't be sure though.

[01:29:02]It's like there's just some like onchain data that says like some big whales have swallowed a decent amount of H bar tokens recently.

[01:29:47]We'll see if that actually holds. Like I I hope like these coins actually go up, people get more excited. You can tell like by the number of people in the space like the number of people watching streams and videos exponentially increases when like price goes up. I mean, you can tell what people are people care about in this market. It's not a secret.

[01:30:15]All right, guys. That's going to be it for today. Like and subscribe. Hit the bell notifications button. I will be back uh later tonight and I will see you guys later.