I agree with a lot of what's been said about the pacing (namely that this already great season could have been even better with an extra beat between eps 5 & 6, and likely another between 7 & 8) but I just want to take a second to remember what a fucking accomplishment this season is.

Like, just off the top of my head: they managed to expand the world-building of the show's pirate universe, add compelling new characters, deepen the central relationship in a genuinely complex and nuanced way with rich character arcs for both, at least suggest at greater complexity and emotional development for many of the background characters, and produce more expansive and technically challenging visuals including some very impressive action and crowd sequences. And they did all that with two fewer episodes, while still maintaining the original tone of the show and keeping run times under 30 minutes apiece.

It's not perfect, and they're not equally successful on all fronts, but it is extremely fucking good, and the fact that it gets anywhere close within those limitations is frankly an astounding artistic achievement

It’s not just exercise. Black fitness stars use their platforms to celebrate and educate. – NBC News

A recent cycling class that was part of a Black History Month Celebration Bootcamp was filled with a variety of music by Black artists. At the end, Peloton instructor Tunde Oyeneyin looked directly into the camera and said: “Black is salsa, Black is reggae, Black is hip-hop, Black is house, Black is Afrobeats, Black is country, Black is pop, Black is excellence.”

The 30-minute class was taken by tens of thousands of Peloton members on a platform that reaches more than 4.4 million people around the world.

The music Oyeneyin chose for her classes was intentional. She said she likes to bring the sounds she grew up with to the bike. “I think it widens our aperture and our ability to speak to different communities,” she said.

During a quick stretch that precedes her sweaty, challenging class, Oyeneyin tells riders, “We talk about, often, the struggle of Black people, but it is important that we celebrate, honor, we recognize our resilience as well.”

Oyeneyin shares her personal experience as a Black woman with members, and that experience has shown her how much representation matters in every facet of life. “To be able to wear my hair in a natural state on this platform — that means something to so many people,” Oyeneyin said.

She said she often receives messages from Black users expressing gratitude for her prominence on the platform.

Feb. 25, 202104:15

As the Covid-19 pandemic has restricted or shuttered gyms and group fitness classes, people looking for ways to stay fit have created home gyms, turned to streaming classes and have sought the wisdom of fitness influencers. But the most visible leaders in the fitness world don’t always reflect everyone on bikes and yoga mats, and that can include a lack of racial diversity when it comes to instructors, some in the industry say. Just like in other industries and institutions, Oyeneyin and her fitness instructor peers know systemic racism persists within their world.

Ashley Mitchell, a wellness professional and the co-founder of the Courage Campaign, said addressing racism within fitness spaces is “not as simple as making fitness free, it’s not as simple as hiring more Black instructors.” Mitchell said there is a lot more work that needs to be done in order to see real change.

The fitness world is “just another manifestation of systemic racism,” Mitchell said. “It’s about what’s in your neighborhood, what’s around you. It’s about health and wellness marketing. It’s about free time.”

Mitchell’s mission through the Courage Campaign is to teach students at under-resourced public schools about courage, resilience and agency through movements, discussion and journaling. She stresses the connection between fitness and activism. “When you feel strong and when you feel powerful, I think that that permeates through other areas of your life,” she said.

While there is hope that the racial reckoning many had throughout 2020 will make a difference, Mitchell says that “we’ve seen a lot of performative actions from fitness instructors and from fitness studios.” Her message to studios and CEOs: step up to the plate. “I would really love to see more. I would love to see better.”

With more people exercising at home because of the pandemic, Mitchell says she is seeing “a lot of Black and brown people becoming entrepreneurs instead of being attached to a studio.” She explains that “people are tired of waiting for someone to give them a chance. We see the gap and so we’re rising up, and we’re just taking that chance for ourselves.”

Destiny N. Monroe, founder of Raw Fitness and an Army veteran, started her own digital personal training company last July.

“I create my own lane for myself and attract those who want me on their brand.” Her tactics for dealing with discrimination and unrealistic standards within the fitness industry include “having a resilient attitude and just keep pushing forward.”

While some may be realizing the persistence of racism more recently, Monroe reminds them that “Black people did not appear in 2020, we’ve been here.” Monroe said fitness companies should “include us in, and if not, then we’re just going to keep making our own path and making our own way, but the difference is, we’re going to include everyone, because that is how you do it and that is the way to go.”

Monroe has nearly half a million followers on her Instagram @dnicolemonroe where she posts daily workout challenges, but she also uses her platform to fight for justice and equality. “Why wouldn’t I put my voice out there? Because at the end of the day, my voice, my people, is bigger than this fitness. So I make sure to use my platform in such a way that people notice that we matter.”

Chelsea Jackson Roberts, the first Black instructor for Peloton Yoga, had a full circle moment when the company announced its collaboration with Beyoncé to give students at 10 historically Black colleges and universities a free two-year digital membership. Jackson Roberts, who has a Ph.D. in educational studies from Emory University, founded the Yoga, Literature, and Art Camp at the Museum of Fine Art at Spelman College, an HBCU in Atlanta.

Jackson Roberts, who also celebrated the sounds of the African diaspora in a recent yoga class, said her prominence on the platform allows her to orchestrate classes that “create an experience that allows people to feel the fullness of their body in that moment, as well as using the breath as an instrument.” She believes the music in her classes is like “a symphony carrying us.”

The music Jackson Roberts uses in many of her yoga classes gives users the chance to celebrate Black culture as she encourages yogis to enjoy an Afrobeats or funk soundtrack while in a downward-facing dog.

Jackson Roberts recognizes the power her presence has on the app as she may be the only Black yoga instructor some users associate with. She takes this as “an opportunity to shift the narrative and a perspective for who qualifies as a knowledgeable teacher.”

Simultaneously, Jackson Roberts understands what her position means to young Black girls who are watching. “How dare I not use this as an opportunity to acknowledge my past in order to get rooted in this moment right now, to make sure that the people who come here after know that there’s something here for them.”

Jackson Roberts said yoga is “a way for us to connect our heart, right, to how we show up in the world. It’s a great way for us to get anchored in the breath before we speak out to whatever it is that we see.”

Follow NBCBLK on Facebook, Twitter and Instagram.

source https://wealthch.com/its-not-just-exercise-black-fitness-stars-use-their-platforms-to-celebrate-and-educate-nbc-news/

Luke Penman(play pause play)

This week I talk to Luke Penman. Luke is the mastermind behind Play pause play.

Firstly, tell us a bit about yourself?

I’m 36, and my wife and I have two dogs, [Clover and Cooper].

I’ve been going to local gigs since I was 17 and one day just made a conscious effort to seek out more local music and couldn’t believe how much great stuff I was finding that was generally just going unsupported and unheard outside of the tiny local scene.

What is the history and why did you start play / pause / play?

play / pause / play is essentially a brand under which I’ve run a bunch of stuff.

It started probably around 2008 when I wanted an online place to promote local gigs, and host free MP3 downloads of artists performing in Adelaide soon. My theory was that if we made the music easier to discover – made it easier for people to learn the songs – then people would be more likely to come to the shows.

In 2011 I launched a local music podcast. Again, the intent was to make it easier for people to discover new local bands. I thought that if I could convince my mates to listen to the podcast occasionally, it’d be easier for me to get them out of the house and into the city to see these bands live.

I ran a couple of gigs under the ‘play / pause / play’ banner that tied-in with the podcast. They went well – pulling around 150 people – but because I was bringing in extra production and wanted to make sure everyone got paid decently, I was generally making a small loss on the shows.

I was made redundant from my job, and therefore lost the ability to cover those losses and couldn’t afford to keep running gigs.

That original podcast run went for 50 episodes, but I didn’t have permission to use the music. While I never had any complaints, I knew I was putting myself in a risky legal position and decided to put the podcast on hold while I volunteered in community radio.

I volunteered and worked at Radio Adelaide for five years, initially producing and presenting Local Noise as a weekly show with bands performing live-to-air before eventually changing the format to be a daily show, though funding pressures meant my role was made redundant and I was looking at starting again, again.

Through working in radio, I’d looked at automated radio playout systems and started thinking about launching an internet radio station that was focused on Adelaide’s live music scene.

While there’s no blanket umbrella music license for podcasts [you need to get approval from each artist, record label and/or publisher directly] there is an umbrella license for internet radio, so it’s much easier to do legally.

In 2018, I launched a crowdfunding campaign to make play / pause / play radio a reality: a 24/7 internet radio stream of 100% Australian music, with a big focus on artists performing in Adelaide soon.

That campaign was successful, and I was lucky enough to obtain a partnership with the City of Adelaide to get more funding, but ultimately it mostly just covered the costs and couldn’t afford to pay myself out of it.

For the past couple of years, I’ve been keeping the radio stream ticking along while trying to find work that will cover my bills and give me enough spare time to keep play / pause / play running.

COVID-19 has had a big impact on that, with some potential work drying up, venues unable to host gigs [and therefore unable to advertise on play / pause / play], and with artists unable to perform, I felt that it would be unethical to run another radiothon crowdfunding campaign in 2020.

Thankfully the Government of South Australia, which runs a contemporary music grant program through the Music Development Office, changed its grants program to better suit the current landscape, which allowed me to apply for funding to make a new podcast series.

Now I have the time, and funding for licensing fees, I’ve been able to create a new play / pause / play podcast series. Across 10 episodes, the new series will introduce listeners to 50 South Australian artists that I reckon they should hear.

The focus is definitely on getting South Australians to make local music a part of their lives, but music is inherently international, and these artists deserve to be heard around the world.

How has the COVID-19 pandemic changed the music scene in Australia and Adelaide?

It’s certainly been painful.

I think that South Australia has done extremely well and we’re managing the pandemic about as well as anywhere can be, but the sudden shut-down massively impacted cashflow at every level of the industry.

All venues closed for a period of time. Some have started hosting sit-down gigs. There was a brief moment where it looked like we’d be able to have gigs featuring simultaneous standing and drinking, but a spike in cases meant things tightened again.

It has, of course, inspired innovation, with Sunny Side Uploads launching a high-quality livestream platform with donations for performing artists [and eventually being allowed to host a small crowd at their events as well], Knock Off Sessions streaming performances almost as soon as lock-down began before teaming up with local venue The Wheatsheaf, and Space Jams running virtual festivals with local artists which they’ve already parlayed into live gigs.

Due to requirements of having punters seated at gigs, capacities in our venues are massively reduced, so while many shows are “selling out”, it’s very unlikely to be sustainable.

Much of this has been possible due to the federal government’s JobKeeper program, which has provided businesses [and sole traders, which many artists will be] with funding to cover staff wages and is scheduled to reduce in amount and add stricter eligibility requirements in October before ending in March 2021.

Once that happens, the sector will likely struggle further.

I don’t believe we’ve had any gigs from touring bands as yet – even interstate Aussie acts – though many tours continue to be announced for future months where everyone hopes they’ll be able to go ahead.

I can’t speak too much for the rest of the country, but much of our music industry is based in Victoria, where our biggest outbreak of COVID-19 has caused the strictest lockdown. That’s currently due to end in October, but what things will look like at that point is still anyone’s guess.

Who are the local Adelaide bands we should know about?

That depends what you’re keen on!

We’ve got some great indie rock bands, from Towns to Teenage Joans, The Montreals, Oscar The Wild and heaps more.

There’s some brilliant pop being made here lately, from Electric Fields, George Alice, Stellie and Alpha Street.

If hip hop is more your thing, you should definitely check out Tkay Maidza, DyspOra, Oc3aneyes and Argus & The Liar.

If you’re into more experimental stuff, I reckon Lonelyspeck is one of the most intriguing artists in the world, plus we’ve got some great psych-rock from Sons of Zöku and Lost Woods.

If you’re more into dance, we’ve got acts like Motez, Strict Face and Faint One.

On the heavy side, I’ve been loving the hell out of The Daily Chase lately, plus there’s been some great stuff from Horror My Friend, Young Offenders and Madura Green.

If you’re looking for singer-songwriters, artists like Alana Jagt, Naomi Keyte, Kaurna Cronin and Max Savage will fill your cup.

Of course, you can’t go past some classic Australiana rock from bands like Bad//Dreems, West Thebarton and Dead Roo.

There’s 50 South Australian acts to be featured on this series of the play / pause / play podcast, and that’s really only scratching the surface of the great stuff we have here.

I’ve played more than 250 current South Australian acts on play / pause / play radio in 2019 and even that doesn’t cover everything. I only wish I had more time to devote to showcasing it all!

Who is the biggest band to come out of Adelaide in the last Decade?

The Hilltop Hoods are arguably the kings of Aussie hip hop, and inarguably the biggest band to have come from [and stayed in] Adelaide, and they’re still going strong, releasing their latest album in February 2019.

Other than that, Tkay Maidza has been making huge waves in Australia and the USA. Bad//Dreems have been hitting the road and turning heads all over the world, along with hosting the Fire Aid festival in Adelaide earlier this year which raised more than $200,000 for bushfire relief.

Teenage Joans are a quite new band, but play with the confidence of a band that’s been on the live circuit for decades. They came #1 in the play / pause / play Heaps Good 50 countdown for 2019 after they played more than 50 gigs in their first year as a band. They’ve just won triple j’s Unearthed High competition, so expect to hear a lot more from them soon.

What is your favourite venue to see bands in Adelaide, or SA?

I’m someone who absolutely prefers the more intimate shows, so while many people would point to Thebarton Theatre or The Gov, my most special shows have happened at the smaller stages, at places like the Ed Castle [RIP], Crown & Anchor, Jive and the Grace Emily.

I remember growing up in Adelaide and big touring bands bypassing the city, have you seen a change in the last few years and more bands touring Adelaide? I haven’t been out in Adelaide for a few years.

It’s a bit tough to answer because I’m so focused on those smaller shows and local acts.

I do remember that period in my early-to-mid-twenties when it felt like everyone was skipping Adelaide. You’d see someone wearing a tour t-shirt for an international band and scanning the dates on the back, you’d see that they played Brisbane, Sydney and Melbourne before flying over Adelaide to play in Perth and it hurt.

I think it got better for a while there, particularly in our peak festival period of Big Day Out, Soundwave and Parklife festivals bringing some huge acts to town before the bottom fell out.

The upgrades to Adelaide Oval meant a few more stadium shows could happen, and we’ve had a few major artists play in the parklands over the past few years.

It will be very interesting to see how that changes in a post-COVID-19 world, though. If touring acts need to quarantine for two weeks upon landing in the country, will they add more shows [and therefore more cities] to the tour in order to make it more worthwhile, or will they just skip Australia altogether?

My guess [and hope] is that we’ll see a new era of festivals with a big focus on Australian artists, and the various lockdowns will see punters hungrier to get out of the house and get to more gigs.

Finally, what are your plans for play / pause / play going forward?

Honestly, it’s quite up in the air at the moment.

The dream would be to get access to a physical space to record podcasts, radio and video content, as well as getting back into hosting gigs and expanding the offerings on the website and maybe releasing some local music vinyl, but that all takes so much time and simply won’t happen without real funding investment.

The podcast series will run for 10 episodes, and at a cost of $500 per episode just for music licensing, it’s not something I can cover myself after that.

I’m still hesitant to run another radiothon crowdfunding campaign because of how much everyone’s still hurting from COVID-19, so I’m not sure the best way forward.

At this stage, I’m focusing on making and promoting the podcasts. Once the series is done, I’ll have a moment to catch my breath and hopefully work out where to go from there.

https://open.spotify.com/show/1lCn9On5xnxcJAvwDmSLwV?si=SBTCD_WNS229fw6VY-FvvA

https://instagram.com/playpauseplayadl?igshid=2frst1khbydf

29 Useful Websites You Wish You Knew Earlier

There are so many wonderful websites around, and it is difficult to know each and every one of them. The below list provides some of those websites that I find particularly helpful, even though they are not as famous or as prevalent as some of the big names out there.

Here are the 29 immensely useful websites, get that bookmark ready:

1. BugMeNot

Are you bugged constantly to sign up for websites, even though you do not wish to share your email? If yes, then BugMeNot is for you. Instead of creating new logins, BugMeNot has shared logins across thousands of websites which can be used.

2. Get Notify

This nifty little website tracks whether the emails sent by you were opened and read by the receiver. Moreover, it also provides the recipient’s IP Address, location, browser details, and more.

3. Zero Dollar Movies

If you are on a constant lookout of free full length movies, then Zero Dollar movies provides a collection of over 15,000 movies in multiple languages that are available to watch for free on Youtube. It indexes only full length movies and no trailers, or partial uploads. In addition, it has a clean interface, contributing to a good movie watching experience.

4. Livestream

Livestream allows you to watch and broadcast events live to viewers on any platform. For the next time when you want to share your company’s annual CEO speech live to employees who are on remote locations, Livestream serves as a perfect platform.

5. scr.im

scr.im converts your email address into a short custom URLs, that can be shared on public websites. This prevents your email id from getting picked up by spam robots, and email harvesters who are on a constant lookout from your email id.

6. TinEye

TinEye is a Reverse Image search tool which is as accurate as Google’s Reverse Image search tool. As opposed to Google, TinEye provides a set of APIs that can be used for personal and commercial purposes, which makes it very useful for developers.

7. Fax Zero

Fax Zero allows you to send faxes to US and Canada for free. Additionally, it enables you to send faxes to countries outside North America at a fixed pay per use cost.

8. Snopes

Do you believe that fingernails and hair continue to grow after death? Why don’t you check out if this is true, along with thousands of other urban folklore out there, at Snopes?

9. Stickk

Is it difficult for you to stick to goals ? If yes, then let Stickk help you reach your goals. It makes use of commitment contracts to empower you to better your lifestyle.

10. Boxoh

Boxoh can track the status of any shipment package on Google Maps.

11. PicMonkey

PicMonkey is an online Image editor, that allows you to touch up your images. Also, you can apply different effects, fonts, and designs to your images. It is a perfect tool to create pins for Pinterest and  awesome looking Facebook covers.

12. Trello

Trello is a great online tool for organizing just about anything using Kanban style cards. It provides a highly visual way for Online Collaboration, and is a simple free tool for Task and Project Management.

13. Short Reckonings

Short Reckonings is an online tool to keep track of shared expenses. It is deceptively simple, easy to use, and allows you to enter expenses with the fewest possible clicks. A clean, ad-free interface adds to the charm of this simple website.

14. Memrise

Do you fancy learning new things in small byte sized packages? If yes, then Memrise is for you. The additive nature of gaming combined with memory improvement makes this an excellent resource.

15. Instructables

Instructables provides instructions to help you build just about anything you can imagine. It provides a platform for people to explore, document, and share their creations.

16. join.me

In today’s world, where collaboration across multiple stakeholders is key, join.me provides an online platform to share desktop screens. Record audio for meetings conducted with participants not in the same room. In addition, it is a simple tool to share your screen with just about anybody on the web.

17. Sync.in

Sync.in allows multiple people to edit documents and notes in real time. It is a great tool for online collaboration.

18. Privnote

Do you wish to share notes and information that self destructs immediately after it is read ? Privnote does exactly that.

19. ScribbleMaps

Have you ever wanted to place your personal markers, shapes, and scribbles on Google Maps? Even though Google Maps does not allow that, ScribbleMaps does, and it does a great job at it.

20. TripIt

TripIt is a painless way to organize all the details of your vacation or business trip. Forget your flight time? Can’t find the e-mail with your hotel’s address? That won’t happen with TripIt, which keeps your itinerary in one place.

21. Skyscanner

Skyscanner is a leading global travel search site, providing instant online comparisons for millions of flights on over a thousand airlines, as well as car hire and hotels.

22. Hostel Bookers

Hostel Bookers is one of the best search engines to search for cheap hostels and hotels while backpacking or traveling around the globe.

23. Fitday

Fitday allows you to track you diet and weight loss through its journal. The personal dietician and free articles on nutrition and weight loss on their site are a great bonus.

24. Endomondo

Endomondo is a mobile app that allows you to track your workouts. The website allows detailed analysis of your training, that makes it a valuable tool to understand and plan your workouts.

25. My Fitness Pal

If counting calories is your main goal, then My Fitness Pal is the best web and mobile application out there. The service has a massive database of meals and exercises to make it easy to accurately count calories.

26. Fuelly

Fuelly tracks the gas mileage for your cars and helps you to analyze, share, and compare your vehicles fuel consumption.

27 .3-Minute Journal

3 Minute Journal is different than most other Journals out there. This application allows you to track your moods, achievements, failures, and moments of gratitude. In addition, it does great analysis over these parameters.

28. 750 Words

750 Words is based on the idea of “Morning Pages”; that advises aspiring creatives to start each morning with three pages of stream-of-consciousness writing to clear away the mental clutter, leaving you with a clearer mind to face the day.

29. Kiva

Kiva is a micro finance website, that attempts to leverage the Internet and a worldwide distribution of micro-finance institutions. It alleviates poverty by connecting lenders to people in need.

Do You Have other Favorite Sites That You Find Incredibly Useful?

Call of Duty: Warzone declassified

When we look back at a console generation for its greatest hits, it’s invariably the first-party titles that dominate – but sometimes multi-platform technologies emerge that are truly exceptional, and the fact they need to accommodate four very different consoles plus myriad PC hardware configurations only adds to the scale of the achievement. Today, Season Four of Call of Duty: Modern Warfare arrives – and I’d suggest that the IW8 engine from Infinity Ward is one of the most impressive accomplishments of the generation.

Modern Warfare 2019 is the most complete COD package of the modern era. We’ve reported before on the key technologies that make it stand apart – an engine that renders in both visible, invisible and thermal spectrums (!) while also supporting volumetrics on every light source. IW8 shifts to a physically-based materials system, bringing COD into line with the most advanced engines in the business, and offering a beautiful level of realism from every authored asset in the game. Geometry is also massively improved, delivering an unprecedented level of detail to the Call of Duty franchise. All of this is achieved in a title targeting 60 frames per second.

IW8 also revamps the background streaming system, using a hybrid tile-based approach, opening the door to bigger, more detailed worlds. It’s the reason why the campaign is more detailed, but it’s also how Infinity Ward delivered the vast Ground War mode of the launch code – but battle royale takes this to another level, as I discovered when visiting Infinity Ward’s tech hub in Poland at the end of February. I spent the day with Principal Rendering Engineer Michal Drobot, who is also the studio head of the Polish arm of the developer.

To begin with, it’s true to say that Treyarch presented the first COD battle royale, using its own engine to deliver 2018’s Blackout – but aside from some initial tech sharing based on the Black Ops dev’s super terrain technology, Warzone was built independently. And what’s fascinating about it is that a whole slew of new techniques were deployed to make battle royale possible – but all of these systems integrate with the other game modes too. The optimisations that make Warzone possible feed back into every other mode, improving performance.

To see this content please enable targeting cookies. Manage cookie settings

Call of Duty Modern Warfare’s engine upgrades for battle royale revealed and explained with exclusive behind-the-scenes information and debug code access.

Infinity War’s objectives for Warzone were ambitious. The aim was to create a battle royale map that had the same level of fidelity and detail as the core multiplayer maps – and that’s precisely what’s been delivered. The multiplayer maps are the battle royale map. When the locations are authored, they are done so within the overall canvas of the Warzone map. This makes Warzone the largest map in the history of the Call of Duty franchise. Its basic structure is derived from satellite data – it’s shrunk down to a certain extent but its geography mirrors the landmarks of a real city, with the downtown section alone comprising of six districts. A Ground War map takes around four to five months to successfully execute and there are seven of them contained within the single Warzone map, along with other major multiplayer maps – and that’s before we factor in the connective areas of the map between these major blocks.

There’s also continuity too. If you’ve been playing Modern Warfare across its seasons, you’ll note that there’s been a consistent narrative emerging that spans across game modes – so the upshot of this is is that not only are the multiplayer maps contained within Warzone, if the content changes as we move between seasons, that should be reflected across all modes. I also like the way that the Infinity Ward taps into their own heritage – Modern Warfare 2019 is a reboot, but there are nods to the old continuity. The TV studio in Warzone is a remake of the map found in Call of Duty 4, the original Modern Warfare. The gulag essentially the same structure we saw in Modern Warfare 2 and its recent remaster.

Making all of this possible is the process of technology evolution within the IW8 engine. The hybrid tile streaming system that Modern Warfare 2019 shipped with has radically evolved. The fundamental idea is still the same: tiles or chunks are loaded into RAM based on an algorithm that determines the priority of data most likely to be needed as you look around the terrain and move through it. In the video above, you’ll see the debug tools Infinity Ward uses to visualise the streaming system. Environmental ‘chunks’ can be sub-divided into four smaller chunks, and they’re three levels deep. Streaming begins with what Infinity Ward calls transients, the foundations if you like, and on top of that is loose loading for meshes and textures.

The streaming system relies on three LOD levels. Click on the thumbnail here for a closer look.

Accommodating Ground War and Warzone’s needs for extreme visibility across big maps, the refined IW8 engine has a fascinating level of detail systems. LOD0 is, as you might expect, the full detail model authored by Infinity Ward’s artists. Further out, you get LOD1 – meshes and textures are distilled down and simplified into a single block. I got the chance to see the various LODs at close-range in a way that they were never meant to be seen, and it’s interesting how well LOD1 holds up. I also saw a LOD1 chunk in situ within the game, and again, I was hard-pressed to tell the difference at the range it was rendered at (which was closer to the player than I expected). The final level of detail is LOD2, which takes four LOD1 chunks and simplifies them again, collapsing them into a single chunk.

Also key to level of detail are the use of imposters. Elements like trees can be pretty difficult and costly to render and at range, you’re potentially paying a heavy cost for rendering something that’s really small and may only occupy a few pixels on-screen. Imposters are used fairly commonly now (Fortnite is a good example) and the idea is straightforward enough. When an object is far enough from the viewer, there’s no need to render a 3D model at all. You can use a 2D billboard – a flat texture, a single triangle – instead. Typically, each object has 36 billboard variations, designed to represent the 3D model viewed from various angles. Trees are the obvious example for the use of imposters but other elements get the billboard treatment too – vehicles, for example.

Streaming, memory management and accurately predicting what data is going to be needed and when is essential in making the larger scale Call of Duty work. It satisfies the design objectives in allowing artists to equal core multiplayer map quality and to run the game at 60 frames per second. The entire approach also allows Call of Duty to do things in battle royale that is competitors are struggling to match. For example, Warfare has internal access to pretty much every building there is and not only that, these interiors were properly modelled too, in a world where some titles use procedural generation to fill empty spaces with what looks like random clutter.

A debug view of Warzone in motion. On the bottom left, you can see the tile-based streaming system and a legend describing what’s happening in system memory on a per-chunk basis..

The latest Call of Duty engine does use procedural generation, however, mostly for incidental detail on the terrain: foliage, rocks and other random items. In fact, pretty much anything that doesn’t impact collision detection is procedurally generated and the nature of what you get depends on the surrounding biome. This is procedural generation and not random generation, so the same seed variable is used for all players on all systems. In practise what this means is that the nature of the environment is identical to all players on all systems, something we verified by capturing crossplay Warzone on PS4 Pro and Xbox One X, while spectating the same player. Procedural generation adds to processing time of course, but the bigger win comes from a reduction in the storage footprint: Infinity Ward reckons it saves around five to six gigabytes of data.

More instrumental to actual performance is the new shadow map caching system, which required a fundamental revamp, as shadow rendering is essentially incompatible with the chunk-based streaming system. Imagine the sun quite low in the sky, with light hitting a tall skyscraper. In theory, its shadow could cast across the entire map, way beyond the single chunk the building resides in. At the basic level, the new caching system brings in the most efficient shadow map based on the view frustum, with a level of detail system used.

Wavelet compression technology, used in video compression, is used to reduce the footprint of shadowmaps versus standard birmaps. In terms of what is actually streamed in and when, the new set-up is an efficient caching system with building blocks similar to those found in actual an actual physical CPU. Infinity Ward talks about building is own prefetcher and predictor – the same language used by Intel and AMD processor architects.

The shadow cascade streaming system is vastly more efficient and prevents larger scale game modes from becoming CPU-limited.

It’s all very clever but what fundamental difference does it make? Going back to the launch of Modern Warfare 2019, the closest thing we had to battle royale was Ground War, and there the tech team discovered that for pretty much the first time in COD history, they were CPU-limited. The new shadow caching system wasn’t devised solely for use by Warzone, it wasn’t a battle royale-specific piece of tech, it’s an optimisation in the truest sense of the word – taking something that already exists and making it better, meaning that it’s rolled out to all areas of Modern Warfare 2019. CPU-bound limitations in Ground War are therefore eliminated. A revamped shadow caching system is also in place for other shadows – those which are not cast by the sun. Especially for indoor locations illuminated with spot light, this system also caches in shadows. There are 64 slots of prefiltered shadow maps here with eight shadow updates per frame. Again, similar to the main system, it’s not something that runs on a per frame basis – and it doesn’t really need to.

Back in the day, Call of Duty shipped with two physical executables – one for the campaign, the other for multiplayer with both presumably optimised accordingly. A core change in philosophy has seen this approach binned in favour of a unified codebase that brings together all technology into a single package – but ongoing optimisation means that all parts of the game cumulatively benefit. The Pine level, for example, launched on PlayStation 4 Pro not quite hitting its performance target. It still maintained 60 frames per second, but it had to lean into the dynamic resolution scaler to reduce pixel count and ensure full frame-rate.

Multiplayer maps are authored within the battle royale map and always have been. It ensures continuity of content across the whole game – and despite the larger scale, Warzone is as detailed as core MP.

Foliage rendering has significantly improved since launch, so there’s an improvement in resolution. In fact although you won’t feel it in terms of frame-rate in this specific case, render times generally are improved by 10 to 20 per cent. Similarly, optimisation across the board with each new title update has also seen progressive improvements to overall performance. On a content level, Infinity Ward has targeted the multiplayer maps as a priority for improved performance because that’s the area of the game most players are accessing but the knock-on effect is that systems in campaign run faster too.

Speaking to Infinity Ward, I made a startling discovery. When you stand back and look at the four console platforms, there is a lot of commonality between them. All of them use the same core AMD Jaguar CPU technology and they all feature AMD’s GCN graphics architecture. While this may be more straightforward than the Xbox 360/PlayStation 3 set-up of the last generation, the tech team estimate that around 30 per cent of their time is spent addressing multi-platform development issues. Interestingly, Infinity Ward ranks PS4 Pro as the most challenging of the four current-gen consoles that Call of Duty is available for.

Put simply, the expectation from the user base is for 4K video output, but Sony only gifts developers an extra 512MB of RAM to play with. Meanwhile, the boost on Xbox One X is four gigabytes in total – eight times as much. This opens the door to higher resolution, but also gives the streaming system much more room to stretch its legs. Theoretically, this should result in less pop-in and less aggressive LODs over longer distances – but head-to-head video doesn’t provide much in the way of a noticeable advantage.

Warzone performance sees Xbox One X deliver more pixels with a slightly lower level of performance – but the gap has tightened since battle royale launched.

With consoles targeting 60 frames per second, Call of Duty has to cram the rendering for each frame into around 16ms, and this broken up into two distinct phases. First of all, the basics of the scene are calculated and lit – a process that takes around seven milliseconds. The next seven milliseconds is spent on basically everything else: volumetrics and post-processing, for example. Around 1.5 to 2.5 milliseconds is spent on temporal upsampling – integrating visual data from prior frames into the current one. The more detail rich a scene is, the heavier the cost in rendering terms. Asynchronous compute is used on all systems, including PC. It’s more heavily optimised on consoles though, providing performance uplifts of around 20 to 30 per cent in the expensive scenes. Systems like volumetrics and particles can run asynchronously.

All of this technology comes together to make Warzone possible – and even factoring out IW8’s application in campaign and core multiplayer, its deployment for battle royale alone sees a radical improvement in technology, visual fidelity and performance over other genre entries. Compare and contrast with the fortunes of PUBG that launched late in 2017 and it’s fascinating to see how colossal the improvement is in every regard in less than 2.5 years. Back in May 2019, I first visited Infinity Ward to get a breakdown on the technological leap delivered by IW8, and it was clear that this engine was designed to straddle the generations and to allow Infinity Ward and other COD studios to transition more seamlessly to PS5 and Xbox Series X. What we didn’t know was what hardware the developers would have access to.

While Infinity Ward itself wasn’t sharing specifics, it’s easy to see how the existing systems could transition across to next generation hardware. Extra graphics power means denser visuals, obviously, but the concept of the streaming systems we’ve discussed here backed up by a storage speed multiplier of 40x or 100x (depending on the console) opens the door to the kind of visual quality that exceeds the campaign being made possible in multiplayer. The streaming system also fits hand-in-glove with the fact that PlayStation 5 and Xbox Series X do not deliver what we would typically consider to be a generational leap in memory allocation. Modern Warfare 2019 also saw some tentative experimentation with ray tracing support, which may be invaluable research when dealing with the hardware RT functionality baked into the new consoles.

In the meantime, it’s all about Season Four of Modern Warfare and the debut of a specific mode may put into practise a theoretical scenario I put forward to the developer: what if all of the battle royale players grouped together and one player stepped back to get all of the others into view – would the system be able to cope? According to the studio, they’ve witnessed legitimate scenarios where 50 to 100 players could be seen on-screen. Looking from one big city area to another via sniper scope, apparently up to 120 players could be observed. Season Four’s new 50 vs 50 mode should really allow us to stress test the massively multiplayer aspect of this remarkable engine in a way that Ground War never could – and we’ll be fascinated to see how it holds up.

from EnterGamingXP https://entergamingxp.com/2020/06/call-of-duty-warzone-declassified/?utm_source=rss&utm_medium=rss&utm_campaign=call-of-duty-warzone-declassified

A New Wave of Reckoning Is Sweeping the Porn Industry

A new wave of sexual misconduct accusations is sweeping across the porn industry this week, as women started coming forward about abuse they've experienced on multiple porn sets.

One of these dozens of accusations comes from performer Lulu Chu, who said porn producer Kelly Madison drove her to Madison's home, where her husband, Ryan Madison, was waiting to shoot a scene. Kelly dropped Chu off and left, and the two were alone in the house when filming began, according to Chu.

"He asked me if I was okay with choking, which I said yes to," Chu told me in a Twitter message. "I honestly do enjoy it, and I figured he would just do a casual choke, not anything too serious. But he pressed DOWN pretty hard, on to my windpipe. Not grabbing the sides like most people do, which is safer. I started to lose focus, the room swam around me."

Then he slapped her, she said—hard enough that the sting shocked her back into consciousness. She recalled tears streaming down her face.

"I thought that since I didn’t tell him slapping is one of my hard limits, it was my fault that he slapped me and we had to stop," she said. She finished the scene, and hasn't spoken publicly about that day since—until now.

One of the first women to come forward with allegations against Madison is performer Annabel Redd. On June 5—which she says was the day after her scene with Madison came out—she tweeted about her experience, asking people not to watch it. This encouraged dozens more women to come forward with similar stories about Porn Fidelity and Teen Fidelity, for whom Madison directs and shoots with his wife, Kelly Madison.

Redd told Motherboard that prior to shooting she made it clear to Madison that her "don'ts" included creampie, anal, and deepthroat. During the scene, she said, he violated several of these limits, in addition to being extremely rough.

"He forced me to deepthroat several times until I puked all over him," Redd told me. "When I told him that I wanted that cut, he told me that his fans loved that stuff and then proceeded to rub my spitup and vomit on my breasts and vagina."

Like each of the women I talked to for this story, she says was also alone in the house with him and feared for her safety. They each also mentioned choking to a point where they were unable to communicate.

"I was alone with this man so far from where I was staying, I thought that my best chances for surviving my experience with as little harm to myself as possible," Redd said.

Kelly Madison Media, which owns Porn Fidelity and Teen Fidelity, did not respond multiple requests for comment on the allegations brought forward in this story, but a Kelly Madison Media company representative told XBIZ that “Our company takes any allegation of physical, emotional, mental or sexual abuse against any female talent seriously.” But in the same statement, Kelly Madison Media called the allegations from performer Annabel Reed false.

"2020 is fucking kicking people's ass and it's time to get some things straight and fixed."

Ryan Madison, whose Pornhub channel videos alone have more than 46 million views and has acted and directed in hundreds of videos and won multiple Adult Video Network awards, is one of several male performers and directors who have been publicly accused of misconduct on social media in recent weeks. In the past week alone, people within the industry have come out with allegations against several directors and male performers, including but not limited to:

Performer Aria Lee said that award-winning director Craven Moorehead assaulted her twice last year, once while shooting a scene for Pure Taboo, owned by a Gamma Films Group and again on another occasion off-set. On June 6, Gamma responded with a statement saying that an investigation showed "it has been impossible to validate the veracity of the allegations in question," and suggested anyone with allegations of abuse to call the police. But on Tuesday, Karl Bernard, president of Gamma Films Group, said in a statement to Motherboard that he decided on Monday to "sever ties with Black Wings Media and its director Craven Moorehead.”

Performer Maya Kendrick alleged on Twitter that talent agency Motley Models president and CEO Dave Rock used his position to coerce a model into having sex with him multiple times. Rock released a statement on industry news sites XBIZ and AVN (which Motley Models also provided to Motherboard directly) claiming he "engaged in consensual sex based on what I believed at the time to be mutual attraction… I take full responsibility for using bad judgment and assuming that there was a mutual connection. I was foolish…but to allege that these encounters were forced or that she was pressured in any way is categorically false and only serves to undermine the legitimate claims of abuse and assault, which still happen all too frequently in our industry."

The combination of the Black Lives Matter protest movement, which has led to more people to stand up for justice across many industries and the moving of porn creators to independent and creator-owned platforms during the COVID-19 pandemic has empowered some women to speak up about abuse in the industry, sources I spoke to said.

Several performers and directors I talked to this week say that the industry is experiencing a moment of reckoning—and according to them, it's only getting started.

***

Adult performer Kinsley Karter was flattered when Porn Fidelity, one of the top 30 channels on Pornhub, invited her to do a shoot with Ryan Madison in 2018.

She said her excitement turned to dread when, she says, Madison kissed her suddenly and hard during the pre-scene photo shoot. She also realized the makeup artist and the person who arranged the shoot—both women—had left the house without saying goodbye. She was alone with Madison, who would act, direct, and operate the camera.

Karter said the shoot increasingly pushed and crossed her boundaries. Madison kissed her roughly, she said, then went down on her and used his teeth. She said they moved on to shoot a blowjob, which was so rough she vomited.

"While rinsing off in the shower I started to cry quietly. I didn’t want him to hear me sobbing," she said. "I couldn’t believe how rough he was with me. I thought this was a vanilla [boy/girl] scene, not a kink scene. This kind of rough act I have to mentally prepare for."

She knew something wasn't right, but was afraid to end the scene.

Mid-scene, she says he asked her if he could cum inside of her. This is something that's typically negotiated and agreed upon before a shoot begins—as are limits for things like choking, slapping, and other BDSM acts—and not in the middle of a shoot. In the moment, Karter told Madison yes. "I could not wait for him to stop fucking me. I wanted this to be over already."

"Porn is supposed to be a fun time," she said. "I haven’t encountered the dark side of the porn industry until this day."

Chu and Karter's claims about Madison are being echoed across social media this week by other women who worked with him who described similar excessive and unexpected roughness and improper and dangerous choking.

So many women came forward about Madison's misconduct that performer Ginger Banks started a Change.org petition demanding several Mindgeek-owned sites—specifically, Pornhub, Redtube, and YouPorn—remove the Porn Fidelity videos from their platforms.

"It is completely unethical to allow the videos of his abuse to remain up on Pornhub, and to allow this man to continue profiting off of his victims," the petition states. "We immediately demand that Pornhub, and all of the Mindgeek sister sites, remove every video featuring Ryan Madison, and every video made under the Porn Fidelity website."

The Teen Fidelity and Porn Fidelity channels, which were ranked as the 55th and 30th most popular on Pornhub in May and have hundreds of millions of views, have been removed from Pornhub. Banks told me that Pornhub didn't communicate with her about their removal. Pornhub acknowledged Motherboard's request for comment but did not say if it removed the pages, when, and why.

Teen Fidelity and Porn Fidelity videos are still easy to find on Mindgeek sites and other porn sites. As Motherboard previously reported, the process for reporting abusive videos and preventing them from being reuploaded is severely flawed.

There remain several videos featuring him shooting scenes with his accusers, including Chu, on xHamster, another top porn site. I asked Alex Hawkins, a spokesperson for xHamster, if the company planned to remove any of those videos. He said that he hadn't seen the petition, and had not received any direct requests for the videos to be removed.

"However, I've now looked on Twitter and read some of the allegations… They are very disturbing," Hawkins said. "In the past, we've used either criminal complaints, for example, with Girls Do Porn, or complaints from people who are recorded without their consent, as the basis for removing videos. This has been the industry standard, but as an industry and a company, it seems like we may need a new standard. I've asked our legal team and others at the company to try and determine how we move forward … with these scenes and also with other complaints that surface."

Do you have experiences to share about how the porn industry handles abuse allegations? We'd love to hear from you. Contact Samantha Cole securely on the messaging app Signal at +6469261726, direct message on Twitter, or by email: [email protected]

Regardless of the reason Pornhub removed the Porn Fidelity and Teen Fidelity channels, people in the industry are using this moment to push for greater control over the content that ends up on tube sites. Another petition from the same group is demanding that Mindgeek sites only allow uploads from verified accounts, to prevent abusive content and theft. That petition has more than 1,500 signatures as of publication.

"I think people outside the industry use our abuse stories as clickbait," adult performer Allie Eve Knox told me in a Twitter message. "They sensationalize the abuse, victim blame, etc but this time, I think they will see that we are holding the industry accountable—from the producers to the companies to the performers to the agents to the mother fucking industry media. Everyone is having a reckoning. 2020 is fucking kicking people's ass and it's time to get some things straight and fixed."

***

Knox said that while this isn't the first time the industry has seen allegations of abuse, it's a unique moment that's been a long time coming.

"Performers have put up with this shit for years. Decades," she said. "And I think the MeToo movement really inspired women (specifically women) to come forward WHEN OTHER women come forward. It's a solidarity. A sisterhood. Something safer about when women do it in numbers."

In addition to #MeToo, Knox attributes the recent outpouring of stories to a combination of factors: First is the industry's pandemic response, which called for a production hold to avoid spreading coronavirus. The whole studio ecosystem was forced to adapt, either by supporting performers with special at-home content, or by getting on platforms like OnlyFans that sell content directly to consumers, cutting out the production middle men and studio contracts altogether. Being blacklisted or denied bookings because you set your own boundaries and stuck to them is no longer the career-ending decision it used to be for performers, when they can create, own, and promote their own content on fan platforms.

Second, the Black Lives Matter movement and protests in the last several weeks has fueled a general sense of power coming back to the people, Knox said. Going forward, she and others are planning to hold producers, agents, directors, and industry media accountable, she said—with plans to start formulating guidelines for performers to advocate for their own rights, education around how contracts work, and shared lists of companies and performers that have a history of mistreatment.

"They must know by now what he does. They are complicit."

Poorly-written and enacted legislation has made it harder for performers to speak out about abuse they experience on set. The Fight Online Sex Trafficking Act of 2018 not only put sex workers in danger by taking away their ability to screen full-service clients, but made it more difficult for studio performers and anyone in the industry to speak up about issues in their trade.

"100% FOSTA made it harder to speak out," Banks told me. "People tell you that if you speak up about any abuses you see like this that it will be used against the industry. And they are not wrong." She told me she's concerned that anti-porn organizations will use abuses against the industry to argue for abolition, or for the full shut down of sites like Pornhub—which most performers don't actually want. They just want platforms to host their content responsibly.

Redd said that agents who repeatedly book performers with known abusers or questionable reputations need to be held accountable. "[Madison] has a reputation for taking advantage of young women who are new in the industry and agencies are still somehow booking with them," she said. "They must know by now what he does. They are complicit."

She also said that she'd like to see more sets employ talent advocates, "someone to make sure that women are being treated fairly and respected on set so that these things don’t happen… I hope that moving forward, the industry learns from this. That we are better vigilant of the ways that women can be taken advantage of."

In a moment when it can seem like every powerful person in an industry is suspect, it's important to acknowledge that abuses like Chu and Karter and the dozens more women coming out about their experiences still aren't the norm.

"Consent is important everywhere, especially in porn," Chu said. "I hope that this situation with everyone coming out not only opens a dialogue of proper boundaries on and off set, but changes the power dynamic completely." Performers are realizing they have the power, Chu said—not producers or studios executives.

A New Wave of Reckoning Is Sweeping the Porn Industry syndicated from https://triviaqaweb.wordpress.com/feed/

BITCOIN TO ZERO OR $1,000,000!!! Chamath Palihapitiya, Day of Reckoning

VIDEO TRANSCRIPT

And we’re alive, yes. Welcome to another episode of Good Morning Krypton. Here on Ivan Ontake, we are, of course, broadcasting life straight out of Stockholm, Sweden. And we do the show each and every day at 8 a.m. Central on Summerton. Yes, I come to like an atomic clock each and every day. Look, we have so much to discuss. Bitcoin breaking seven K. Also, we have this binary situation in Bitcoin. Either become super successful or it doesn’t become successful and it will be easy for governments to pursue it and to really try to take it down. So we’re going to have both bullish and bearish perspectives on the matter, because I think it’s very important that we covered the interest from Shamas, Bill IP Diop, Bill Uppity, sorry for butchering the name, but you know, this guy is one of the people who started Facebook. Since then, he has left this whole Facebook community and really started to work against them and saying how bad and how hurtful Facebook has become compared to original days. And now he is working a lot with technology. He is early bitcoin investor. And he basically has this idea that he either will go to a million or we go nowhere. And it’s so important to discuss because, look, the grandiosity of our plants are very big. The grandiosity over plants are huge. And we have to realize that that either we are successful or we’re not successful at all. There is no middle ground with Bitcoin, really, if you think about it, there is no middle ground. And many of you who are watching right now on islands don’t think that’s gone. Fleshlight Noel Redzepi, why it’s blagged, but because we couldn’t get the screens working. I told the guys here on I don’t think that Fleshlight is got to be saurus or rush out or something. They’re trying to mess with our stream. But you know what? It is Monday and nobody messes up my Mundus, not even the powers from from the establishment. And then all this creates I don’t have to fix them. Now, we do have some Mundie motivation from the Fed. And that’s the best thing about crypto in the bout and about the Internet. You have so many means, you have so amazing many Meemaw’s and many of them are so funny. So let me see if I can play to you. This basically fed pumping like crazy and the Powerwall is pumped. Obviously he’s pumped for action. And the. When I saw this, it will so find it. It’s also funny because it’s true. Whenever we have a new day, whenever we have a new a new week, we will see more action from the Fed and the look. If you watch this video, you’ll also also get the sound. I don’t want to use the sounds here, but there’s like Hardrock when he does it. And look, what’s important right now is to look at the bullish situation. We are very bullish right now. We are pushing 7 K, we are establishing quite well above it. And, you know, the 7 K has been this area of resistance. And if we can just establish ourselves above it, we might have a clear path to 8-K and above Bob. After that, I want to cover an important report about institutional adoption of crypto. Basically how Group 2 is right now performing in terms of institutional investors and wealth managers. And it’s very big and very important because we are growing a lot and at the same time we’re still so early. So there’s a lot of upside potential. Finally, I want to talk about Mr. Krystof. You know, many of you know him already. He’s extremely bearish on Bitcoin lately. I want to talk about it. He’s basically saying that, hey, just like Swiss bank accounts were shut down by the US and the Swiss bank account today, you know, is not the Swiss bank account. You add just that 10 years ago before the financial crisis, they changed a lot. How the Swiss bank accounts work because they had to comply with U.S. regulations. So we’re going to discuss this argument. That’s the same thing is going to happen to crypto. So Mr. Clifftop says it a lot and I keep reading his Twitter, so I want to comment on that. After that, we’re going to talk about maker Dow. We’re going to discuss some Fiat, programmable fiat, because you know that we have a lot of initiatives from all kinds of countries when it comes to building digital cash. And it has both to do with just national currency, but also just programmable fiat in terms of all for you not being able to do everything you want with the money. So, for example, if you have insurance and you get paid from insurance, they want to know that you’re not going to spend money on something else, that you’re actually going to go and buy a new car if the car crashed or whatever. Or if you get welfare, they want to know that you don’t go and buy something not useful with it. You buy food. Now, obviously, it becomes very totalitarian very quickly and we’re going to discuss it. So we have a few projects here I want to highlight to you in regards to this programmable fiat space. And basically governments trying to create money that they can program and they can really, really control. But that means, I guess, welcome everyone who is watching this. Like, how are you all doing? Welcome, everyone, on Idol Datacom Slash live. If you are watching on YouTube, you have already missed the livestream. We’re only we’re only left Schmoo. And I don’t take dot com slash live. Why? Because we’re taking this matter matter into our own hands. We’re not being some kind of vassals to some kind of platform. We’re only livestreaming. Here you have to go to Armenta dot com slash line right now. Subscribe. Their enablers enable delegate implications. If you’re watching here already. Just do it, dude. Right now, everything that I just told you. And welcome everyone in the chat. I see group to Yoda. Bernard Lee her fall as Latin forever. Krypto Vader. Guys, how are you doing, Michael? Gulp. Welcome, welcome, welcome, man. So amazing to see the chat. Really. The chat is amazingly, amazingly active today and that is exactly how it should be. What’s important right now is that we’re close to the having. Look, the whole situation with us jumping one order of magnitude with each hubbing can not be ignored, just like Plan B says. So Bitcoin has been oscillating about stock to flow value of seven thousand dollars for 2.5 years. SNAP. Now we’ve been around 7.5. Even when we went to 20K, you know, that stopped the flow really had a target of seven K. So we really overextended in 2017 18 we went to 20K. You remember that? And obviously we pulled back and now we been also seeing around 7 K for two and a half years. And just like before 2016 hubbing we were at three three hundred dollars just and before that we’re at six dollars. So as you can see, usually we jump one or two orders of magnitude from six to three hundred and and now from three hundred to seven thousand. So as you can see here, we basically did them and we add that that we went from once to hundreds like from single digit to hundreds, they would from hundreds to thousands. And probably this time around we’re going to tens of thousands. We’re doing another order of magnitude. And look at the end that we’ve got to have the end goal. And the end goal is that Bitcoin is significant part of the entire financial ecosystem and macro economics and everything in the world needs to have some kind of new reserve world currency like we discussed yesterday. All of this empires come and go. There is a world reserve currencies come and go. But but, but but what’s different right now is that we do have a united world in terms of commerce. We all want to trade with each other. It’s very frustrating when you have a currency that simply bans the full country because of sanctions or whatever is very frustrating for you as a merchant. I mean, why if you have a good that you want to buy, but you happen to be bored. You happen to be born in a country that is severely under sanctions. We cannot do business. And obviously the current currencies are being used for all kinds of political reasons. And therefore, the world needs a neutral, apolitical, a political mandate. And that’s going to be bitcoin or or we’re going to have the same issues we have today. We’re going to have the same problems. This Fiat experiment we’ve been handling for the past decades is coming to an then. And just like we’re speaking on by bit, we’re pushing seven thousand one hundred. So it’s doing extremely well today. Bitcoin now looking at the coin GEKO Web, the following situation right now we have bitcoin at seven thousand nine dollars on there by bit. We’re almost at seven thousand one hundred dollars. So as you can see, is being extremely, extremely bullish when it comes to future platforms and derivatives. While if you take average spot, we’re still just above seven K now. At the other top ten cryptocurrencies, we have the phone situation, a theorem, 0.8 percent up SRP zero point nine at Bitcoin, Casula point eight. So all in all, quite upwards. Quite amazing market, but nothing dramatic yet. We might see dramatic we might see dramatic moves once once this resistance really gets crushed and resistance is around seven K, but even though we’re above it, we need to close guys. We need to close the day above it. We’ve to establish ourselves. We need to basically signal to the market that, hey, 7:53 is in the bad guys. It’s in the bag and we’re ready to go higher. And if you’re chasing this, you can use by bit. So if you go and you check the link below, you will find bybee’s. If you’re watching on YouTube, you will see best crypto deals or best deals link. So click there. You’ll get there by bit link and you get free margins when you start there. And also you will find remix, remix and Vibert are very similar. But on Fenwick’s you can do gold, Lt.-Col and dazzles tracing and link trading. But on bybee’s you have more volume and you have more liquidity. So look, you got to have both at the end of the day because it’s good to diversify. So the advantage here is you get more coins and more assets. Advantage here is that you get more liquidity, but it’s good to try both. Now, once you start speaking sorry, once you start realizing the significance of the financial control that you and they are all being living under him, you simply go quickly to Bitcoin. I saw this news. I’m sure many of you have seen this. I’m sure many of you have seen this guy pleasant. GREENE A big YouTuber was talking about how Western Union banned him for life. So he was having a business working with Western Union. And just imagine this. This frustrates me the most. The fact that you have this unproductive business in old business, they have this unproductive pieces, pieces of old business. Don’t really do a lot. It is the payment providers. It is the payment processors that really are just shifting bits in their database. I mean, obviously the whole issue is that they do have their platforms built on outdated dinosaur infrastructure where they have to integrate with the banks. They have to have permission. They have to have all of these connections to even get started. Do you think if you sit at home in your underwear, in your living room, in your bedroom, do you think you can start the new PayPal or the new stripe, even if you’re the greatest programmer? You have the greatest programming experience and team. You won’t be able to do it. But but if you’re sitting in your underwear, you can start. Most of the businesses you could have started Google, you could have started Facebook, because it’s all about just building a product that works well here in the financial space. It’s a cartel. It’s a closed club. So there is no way to even enter it. All right. So that is the issue. You have this unproductive chains in the value chain, in the production chain. There are just taking out a percentage to rent seekers, by the way. So and it’s coming to mainstream now. People are getting tired. Do you think this guy would even speak about Bitcoin if he wasn’t banned from Western Union? No. And he mentioned bitcoin that bitcoin could be a good solution for his business. So at the end of the day, we are moving towards the situation where more and more people start to question. I mean, guys, do we even need all of you? You ban me. You are taking huge fees. Like many of them do, enormous fees. And so why do we need them? The issue is, of course, the situation with the with the customers. The customers are not really using Bitcoin yet. So does the issue for merchants. They’re not only forced to use all of these service providers because they are they are forced to to use the old banking infrastructure. They could use crypto. But it’s just that the customer the customer is not there yet. The customer is not there yet. Guys, we’re pushing 7.1. I seen the chat chat going. While you mind seeing that we’re pumping, we are doing that towards 7.1. Now let’s talk about Shamas. Sharma. Byerly. Happy to man. My amazing name. Amazing. Is it Indian or Pakistan or what is this, guys, if you know about this culture. Let me know in the comment section, in the chat. What kind of name is that? But Shamas Bilin Hoppity is a billionaire, right? He was one of the founders early employees in Facebook. He was one of the most important people in the early days of Facebook. And since then, he has shifted completely. You know, if you haven’t seen all of these videos where he talks about how social media is destroying us, destroying our lives, you should check it out. He has a very, very important video that people have made. Basically, they took different interviews from him and they they’ve created this video. And by the way, guys, in the chat, if you find that LinkedIn chat, I will share it on the screen. And if you all right now in the chat can find it. And right now, he’s also very heavy in Bitcoin. He has heavy bags. And his bags have been performing quite well because he bought at $80 and basically said that at one point he controlled five percent of Bitcoin supply. So we’ll see if that’s true or not. But all in all, he was on Pompe interview. All right. He was talking about the situation with Bitcoin and how we either go to 1 million or we don’t go anywhere. We either are successful. And success in our case means that we are truly, truly global. We are a reserve currency. We’re used as this neutral, apolitical power in the space or or probably if we’re gonna struggle a lot and we’re going to struggle a lot both when it comes to adoption. But when it comes to regulation, you know, it’s very easy to shut down something that is not successful. Imagine the Internet. Imagine how it is to shut down the Internet today. Impossible. People love the Internet. They use it every day. So success and wild, wild mass adoption is the only protection against the government intervention and against somebody tyrannically trying to ban your Netsch does the only prevention. Now, if you have a technology that gives people power, but it’s not really getting up to speed, it’s not really getting big. Then this, of course, very easy to shut down. So that’s kind of the way for bitcoin. Either we become big or or just like Mr. Kristoff says, like we’re going to discuss later on, this video is gonna be like with Swiss bank accounts that they’re going to try to do their best to shut them. But hey, Lizzie, let’s discuss it when we come to that topic. Now, what’s important is that he talked Shamas talked about the fact that we’re driving slowly, but we are driving towards a cliff and this cliff is inevitable. And obviously, he’s speaking about the monetary madness that has been going on right now for the past decades, if even since Nixon. Basically, this whole man has started with Nixon, removed the connection to gold and ended the Bretton Woods. So we’ve been driving slowly but surely towards this cliff, also known as day of reckoning. Really? That’s why I have it in the title at the end. Going to have a day of reckoning in the financial system. And then we’re going to drive much, much faster down that cliff or down that hill and at the end if we’re going to have a huge brick wall. So when you see all of this trillions being printed out of thin air, out of nowhere, we are driving down the hill. And the question is, when is that brick wall gonna come? And the really it’s a question that nobody can answer. If you don’t look at this close to, there is no way to re predicted. But you can look long term. You can predict long term, short term, who knows whether it’s going to be tomorrow or in a week or in a month. But long term, it’s inevitable if you really study it. For example, if you watch the channel, you know already a lot about what’s going on in the financial system. We’ve covering all kinds of topics every day. So that’s you guys. That’s very, very key. And so the path dependence for Bitcoin is if it looks like the basement is likely. So that’s the currency, the basement of dollar. It will really emerge as a flight to safety. And here he basically says this title, the title of this video that, look, it’s either zero or it’s millions. That’s where we’re going. And that’s what’s important to note, is that the chance of bitcoin succeeding has increased dramatically during the past weeks. So let him, by the way, zoom in on my face now that we are in the darkness, now that we have the screens completely destroyed by an unknown power. We’re going to do like this. So it’s a bit more intimate. So it’s a bit more direct. So it’s a bit more. More like this. OK. Yes. So you understand the following that with the everything that has happened during the past few weeks, we’ve seen an unprecedented increase in the success of Bitcoin in the potential of Bitcoin succeeding. So basically said in the article that that probability went maybe from 1 percent to now 5 to 10 percent. Can you imagine basically a ten x increase in probability of bitcoin succeeding because we didn’t really know how far we would go and how fast in terms of monetary policy and in terms of money printing. So that is exactly what’s happening. I see people in the chat saying that I have a halo. Yanga. So welcome to the evangelical church. Welcome to the evangelic church everywhere. That’s true. That’s true. Right, right. Right. So look, one digital currency is deemed safe by government. Bitcoin will move this shil book, Chiluba. That’s that’s for sure. That’s for sure. And it’s going to happen. The small countries, guys, the small central banks. They see the situation with the US dollar. They’re not liking it. They’re absolutely not liking it. And they see their opportunity, just like we discussed why the central banks will fall into Bitcoin. It’s just a question of time. They will formally in. To Bitcoin. You know why? Because they will see their opportunism. And at the end of the day, we will be having a game of musical chairs. It’s all about musical chairs. You don’t want to be the kid without a chair. It’s really some of the most traumatic memories many people have from childhood. You know, you’re playing this game of chairs and chairs are running out. There’s always one guy without a chair. You know, that you don’t want to be that guy. You’re trying to grab a chair as fast as you can. But it’s a good life lesson for the central banks because, look, once you have 1st central bank, it’s gonna be a small one is gonna be like Bermuda or some of the small ones. They get adopted first. They gonna move towards Bitcoin being in the reserves first. Why? Because they have nothing to lose. Look, they’re not incumbents. They’re not established. They’re not one of these banks that has already a lot of success. And they the guys like ECB, the Fed, they have most to lose while the smaller guys have most to win. So they will be the first one. And that is when dominos will start to fall. Then you have other banks like Bank of Japan also considering, hey, maybe we should buy a bit before the price goes up even more. And then it becomes who is the last guy, who is the last guy to get into bitcoin as a central bank? And there you have the musical chairs because the guy at the end, he will not get the chair. He will be buying bitcoin so high it will simply be impossible for him to get any kind of influence in the world with with that central bank. So, look, we are changing. We are changing the way manual works. We’re changing the way finance works. And it is inevitable. Yes, it’s inevitable. So I hope you understand now the reason why I have Bitcoin to 0 or a million is because, look, if we are here at 5 K still in 5 to 10 years, I think it’s gonna be easier, is going to be way easier for governments to take action because obviously they don’t want bitcoin. Obviously they don’t. There’s no way to shut down bitcoin, but it’s very, very possible to make it this weird thing that nobody wants to touch. And that’s so important that we really spread the education right now. And what’s good is that people are getting interested. We are in a very good trajectory and even big institutional investors are very interested in bitcoin. And that’s the next topic. Guess we’ll be talking about the institutional adoption of digital assets trading report. All right. That’s going to be the next thing. And how are you guys doing in the chat? Let me hydrate. Man, I need to call the screen guys so they can take a look. I need to call the screen guys. All right. All right. All right. You know, these screens, usually it’s like the screens on the airport. So I have to call the airport guys that do the screens for the airport to go in and fix it in the studio. For some reason, the first it seems like like the first screen that’s getting the signal is not getting it. I don’t know. Yes. They have been serving well for over two years. So that’s something I wish they lasted a bit longer. But look, what we’re seeing right now is the situation with Bitcoin being a digital asset that many serious traders look at and wealth managers. Thank you. Thank you so much for the compliment. Edward, nice haircut. Thank you. Thank you. Thank you. So what basically we have right here is a serving a research done by seeing me and Bitstamp and released this equity management intelligence that did it. But they did it inclination with some NCM me where they looked at what investors want. What is the state of institutional investing in Bitcoin? How is it going and what is the progress? Now, this is very important. I’m going to just talk about the important things. This is the most important thing in regards to to this research, and that is that there is a demand for bitcoin exposure, but there is not a lot of opportunities. So as you can see, you have Europe, North America and the AP Apex or Asia Pacific. Now, what’s important is that on this screen right now, we’re seeing adoption rate demand to broaden digital assets, scope and adoption rate relative to the demand. So basically the purple chart is how much there is demand to be exposed to Bitcoin as a wealth manager, as a serious investor. Now, the yellow line right here is the orange one. Is it how much you can actually do it? What kind of possibilities you have? And you see that in Europe, the demand is much larger than the possibility. Basically, there is so much more demand to invest than the industry can offer and open up in North America. The same thing. And in Asia, the same thing. So it’s very clear that there is more demand than we even have infrastructure to to handle right now. At the same time, you do have a lot of fears, a lot of concerns as well that still aren’t cleared. So number one concern for international investors is it is about security and the cost is the fact that you can be hacked. The fact that your custody might not be as safe as you think. And custody is a particular concern. And you can see this chart right here basically showing you all of the different concerns in this chart right here. Security of the exchange being the biggest one. Then you have counterparty risk with the exchange. If the exit scam or something happens or they get hacked, then concerns over custody. Basically the same thing, concerns over AML, KYC, not that big. By the way, concerns over a million ways it is there, but not that big. And finally, fear of reputational damage also. I mean, what kind of reputational damage? If anything, you will get reputation. You will lose reputation if you are too ignorant to even try. Bitcoin. That’s where you lose reputation because your clients, the clients that you’re managing the funds for, they’re going to come to you and ask, how the hell did you miss? Ninety nine million percent interest. I trust you with the money. What am I paying for? Nine million percent in bitcoin. And we missed it and we missed that asset. And I’m here with the stocks that have fallen 30 percent in the past month. And you didn’t take my money out of the stocks. And also you didn’t buy Bitcoin, which went up 9 million percent. That is how the customers are going to speak to their wealth managers. So it’s only it’s only one way forward for all of this wealth managers. It is to get exposed to bitcoin as soon as possible. And look, many of them are thinking in those in those patterns, of course. So here’s another chart, basically summarizing all of the different concerns. What’s important is also to ask yourself, what is the number one thing for all of these investors when they’re looking for a platform, when they’re looking for a platform to trade and to invest? Well, it’s not user experience. They actually care about that. They care about. Number one, liquidity. Number two, integrity and security, ease of connectivity. So that you don’t have to call to the traders. You can do everything in computer, for example. You don’t have issues with placing orders and so on, so forth. Thestructure, very important speed and performance. And then only then do you have user interface and user experience. So it’s not that important. The most important thing is obvious liquidity. So that is why you have Betamax. One of the ugliest exchanges on the market still being used a lot, even though they’re not very ethical in how they handle the situation to to to big extent. And even though they have not very precy why they have liquidity, that is basically the only thing they have right now. So they also listed the different exchanges like Bynum’s bith makes Bitstamp. What kind of exchanges are are people interested in? A bit makes. By the way, one of the hires because they have so much liquidity. So you see it’s still the liquidity is number one. You got liquidity. And the same is, of course, for digital assets. When you’re trading an asset, you want liquidity, but you also want volatility. You want to beat the volatility as well. So, guys, this is basically the report. And to conclude, I want to say this. I want to say this. We have a lot of opportunities and we still haven’t even started. So our survey suggests that the digital assets market is on the top of the cusp of significant growth. All right. From traditional trading firms, look, we’re still just on the cusp. On the cusp. Current adoption rates are relatively low, still low. People are interested. And 97 percent of all of the wealth managers that participated that are still not in crypto, they will reconsider within the next two years when they have better cars to do, when they feel more safe, they will reconsider. And 45 are planning to revisit the idea in six month or less. So, look, when they start when they come, it’s also going to be musical chairs. Really, Bitcoin is the perfect analogy for all of this musical chairs, because as soon as one of them gets into bitcoin, you see other all other Wolf managers, they all speak to each other. It’s a close community. They’re all networking. So you see a guy getting into Bitcoin. Another guy gets formal. He also gets into Bitcoin. It’s like this is this is usually invest in whatever startup, in whatever venture there is a friend invested in. They get formal. They get formal. Look, if you get formal, you haven’t seen the v.c formal yet, just like this. By the way, forward into old coins in 2017. But that was more Asia. That was more eastern. This is here. We’re talking about western and eastern like everyone. So you’ve got to understand, whenever they start, it’s going to be a very big inflow is gonna be a very big inflow because it’s once again game of musical chairs all over again. All right. So that was the second topic. We are on fire. For some reason, this screen issue gave me so much motivation to do this, a show with even more with even more intense energy. Man, it feels good. It feels good. It’s like I don’t like one little look. I wake up. I have my script. I have everything for bread. Then some kind of like small detail is not working like the screens. So like I saw it look, should we will have the screens for some reason. It looks kind of good with black as well. But yeah, they are here so we should fix them. But let me know how it is with only black. Basically black mold you get dark. Mold gets exactly like I like I saw you guys writing in the beginning. This is dark mold for good morning Krypto. Oleg’s as he means the screen. I know, man. I miss the screen, too. I mean, this green screen. No, no, no. Not green screen. Not green screen. I need this to do to feel premium. Look, I come here every day. I cannot come to a green screen that it looks like some kind of, you know, some kind of garage or something, some kind of basement. In this to be nice, to do nice screens. So that’s why I’m not doing green screen. I have done green screen in the past. I’ve tried. But it’s just that look, it’s I don’t feel like a professional when doing that. I need to feel like a professional. All right. Moving on, guys. Moving on. We’re talking about Mr. Kristo. Big shout out to Mr. Cristol, by the way. Go subscribe to his channel. I would like I would like to talk about his concerns about Bitcoin being regulated. And he’s very bearish. Look, if you read his Twitter, it’s very bearish. We’re gonna not really perform well, according to him in these times, especially because the government is gonna come after Bitcoin. So he’s saying that you guys remember that they tweeted a post a few days ago where I said governments will come after Bitcoin like they did with Swiss bank accounts, with Swiss bank accounts. And that’s happening right now as well. He’s saying because we saw this lawsuit yesterday that we covered on this screen. Look, have covered on this on the show. What’s. I’m thinking too much about the broken screens on the show. We covered this lawsuit yesterday. And he is basically saying that, hey, look, they’re gonna come. It’s a question of time. Elik, largely, largely. I do think that there is not a gun that can begin to regulate the gun to regulate like crazy because look at India and India. They tried to ban the central bank, tried to ban it. All right. And so when they did, what happened was that the Supreme Court stepped in and said that this is not OK. Look, this is a liberatory. You’re breaking liberties so you cannot ban bitcoin. But they can try of course, try to regulate it like crazy. Like crazy. So that’s what probably will happen if and only if we don’t have massive, absolutely massive success until 2030. That is basically the deadline that I set until 2030, because it’s like with all other tech there is disruptive that is making the establishment a bit uncomfortable. It’s way easier to shut down something small, something that has just a few users. And you can also say that they’re using it for illegal activities. It’s easier to sell the ban to the general population and therefore you have a limit on the amount of time to make this bigger, to make this worldwide. The good thing is that the guys over in the traditional financial industry, they’re helping us. They’re helping us the most. Themselves, by the way, the malls themselves. Because I think when you see stuff like this, like smart money and this is a project by its year to every and look, basically this is for insurance for insurance use case. I’m going to show it to you here. And they’re wanting to create Fiat. Fiat that is programmable in the way that when you receive a payment, for example, whether it is an insurance claim or whether it is that you receive welfare from the government, they want to be able to program it and say, for example, you cannot spend this money on anything except except food and the rent because you are on welfare. So you’re getting a welfare check. We want to ensure that you don’t go out and buy like, I don’t know, like some kind of leisure. You don’t go into vacation with that money. So when so when that happens, you will see people really feeling that Hema is digital payments. How can they do digital payments without without having all of this mess? And does Bitcoin? So does Bitcoin. That is open cryptocurrencies. Now we have another important, important development from the EU with European blockchain, the serious infrastructure also. Look, there are few use cases they really like. One of these cases is digital cash. Another use case is, of course, this whole programmable money for insurance or for welfare and for taxation, obviously, automatic taxation. And the third one is that that is the first one. That is the first one. Digital casualty program, welfare. And the second one is identity. So when it comes to identity, there is this project, Finzi, that seems to be focusing more on identity and that it is basically starting in Finland and began to have the financial sector and the industry sector altogether coming together and running a hyper ledger network. So know this permission based networks like hyper ledger, they can run their own their own permission ledger on which they going to try to launch this project with decentralized identities so that they instead of having your passport and your identity, just being in your passport is also on the blockchain. It’s also like everywhere else. And if you go to a hospital and you don’t live in the country where you have that hospital, they will still get all of your information because you have that identity. So they will be able to fetch that information associated with you from other from other hospitals, like, for example, for example, you get the point, basically. Sovereign identity, decentralized identity. So, look, gets a lot of things are happening. I’m going to pay more attention to everything that is going to be going on in this traditional space. Why? Because honestly, I didn’t think they would have so much going on. I did not think they would have so much. But lately, I’ve been speaking a lot with the corporate side. You know that one of our alumni is in our academy is the head of blockchain at Ericsson. So he gave us a lot of insight in about what they are doing and what they are working with. And they are working a lot with both open but also permission based blockchains. And so I’ve been speaking a lot with that side. And look, it’s more than you can expect. Obviously, it has nothing to do with the type of crypto and blockchain where we’re speaking about normally. But it’s important to keep an eye on. It’s important to keep announced the as head of blockchain at Ericsson, a multi billion multinational company. Our our academy is Leweni. You took the business master class and really, really became successful in the corporate world. And look, it’s our three is hyper ledger and ar3 core. They’re very big. And also you have all of discussed them all discussed. And projects like Finzi running on top of hyper ledger and or like smart money, which is kind of its own. It’s not necessarily that they’re eating even using blockchain. And all of this is still in the research phase and all of this is still super early. So we’re going to see exactly what comes out of this. But what’s important is that we do see McKinsey estimating that it’s going to be until 2023 that all of this corporate projects really start showing something that really go from idea to implementation and and the adoption in the traditional corporate space. So we’re going to keep an eye on delegates. It’s important. It’s important because, look, there are also opportunities there. If, you know, crypto and many of you guys, of course, want to go full time crypto. And this is kind of on the border, what is crypto and what is not crypto. But there are many opportunities. Look, it’s a multi, multi billion dollar industry just educating all of the corporates about about what it is and how it works. Now, it’s a hundreds, hundreds of billion dollar industry when it comes to the implementation space. But obviously, you got to ask the ethical question. I mean, what kind of future you want to see. So at the end of the day, what’s important is to focus to solve this, to solve this with open, permissionless and end global cryptocurrencies. So that’s key. Yes, that’s absolutely, absolutely mega key in our current environment. So I guess that is how that is. That was the topics I wanted to cover today. Also, we have another one, the bolt maker, which is also quite important, and the maker, Dow Foundation, basically want to remove themselves from the equation. On Thursday, they had this call where they discussed how is going to be. And the fact that they have different plans. So Plank one is that they’re going to have elected better paid contributors and they then make the improvement proposals. And all of this basically needs to remove the Maker Foundation from the equation. They basically don’t want to play a central part in the maker and die ecosystem. Why? Because we have a lot we have a lot to do in terms of decentralization. Make it that ecosystem could be even more decentralized if we remove if we remove the foundation. And also, I think it’s very good and very nice for the members of Microdot Foundation, because, look, they don’t need to be under pressure. They don’t have to be under pressure because they’re kind of the head of this big successful project. Like, for example, room Roon Christensen, I think is your vision or something room. Christensen I mean, obviously, he doesn’t want to be the face of all for this whole digital, digital, global, stable, quiet revolution without any central entity. So that’s why that’s why I think look, guys, I’m going to throw a quick text and I’m going to tell the guys who did the screens to to come as soon as possible. I want to do it right now because it’s 9 a.m. in Sweden. And I want just to make it fixed very, very quickly. And then we’re gonna do Q&A. So just give me a minute. To go do some push ups, guys. Got a five, five minute, 15 minute, five second push up. Let me just sit. Man, we’re going to get that fixed. Doo doo doo doo doo. Bird, OK. brotton. Perfect. All done, all done. Yes, let’s do it. We have the chat. What are you guys doing? Let me try one thing. I don’t want to mess up too much, but I’m just gonna do it as as an experiment to shut it on and shut it off again. So, yeah, I have the screen here. Yeah, it’s. Is it working? Not yet, anyway. Let’s do the Q&A. Yes, let’s work on that. How are you guys doing in the chat? It’s midnight here. Can you do push up to. Yeah, you can do tomorrow as long as you the bishop. It’s OK. You can do it tomorrow. Questionable statement. Be very, very careful. Careful. Taking the next step forward. We’re on the edge of a cliff. Well, I don’t know if you’re speaking about the current situation with with with the car driving down the cliff and the fact that we have a brick wall somewhere there down the cliff. But yes. Be very careful, guys. Decentralized, autonomous organization. Yes. That is the Dow. That is the day, though. What would you call the oral topic before you talked about maker Dow? Man, I don’t know, Nate. So what topic we talked about make Dow. And before that, we talked about the the Fiat, the programmable Fiat. You can call it programmable fiat. A corset. So nice. Thank you so much for doing this timestamps, by the way. And guys, if you wanted to timestamps, please check the link below. If you’re watching an amateur at the com slash live. You find this link to join timestamp group. So we’re gonna organize this a bit better in the group. Let’s see. I’m getting a beer belly again. Should go running around Fabricio. Is the lockdown on lockdown? It’s very difficult to not get a bit overweight. I can tell you that. But it’s important to work out. That’s what I’m telling you to do. Some pushups on mining. Ivan, you think it’s always interesting in 2020? Is it okay or too late? Well, it’s all about what you might get. You guys don’t only mind bitcoin. Go to what? To mine dot com and figure out what you should be mining. And you can input basically your configuration of mining and then you will get the different like coins you can mine then. Yeah, it’s it’s important. And you can input your your electricity and everything. But look, it’s a very small margin business. It’s not really it’s not really a quick return. You got to also be believing in the future of crypto. And the price appreciating in the future, if you don’t believe if you just want to mine and dump instantly, it’s not going to work out for you very well. Because in that sense, you understand that the market for mining is so efficient because it’s so easy. You literally plug it machine into the outlet and you start mining. So it becomes very, very professional very quickly. So you got to be investing a lot and there are many people also investing a lot. And there are all these smart merchants. People are trying to push the margin. They have a bit better infrastructure, a bit cheaper, cheaper electricity. But look, mining is a business with very small margins. And so whatever coin you pick, by the way. So the only thing you have is the price appreciation in the future. If you want to have like big rewards, it’s only if you believe that the prices are going to go up. And that’s the only way it makes sense to mine. That is why miners are mining at a loss. In many cases, they’re mining on credit. They’re mining on loans. Why? Because they believe in the future. And that’s why the hash power doesn’t go through the floor. When we have a bear market, then the and the prices go down, prices, hashrate still go up because we have better machines with better equipment, we have better A-6. That’s one. But also that the miners are just the for the future. They’re not really dumping a lot. So, yeah. Did you watch Pompe interviewing season? I didn’t. Not not lately. I think maybe in the past. Oh, man. Let’s see if the guys have answered. Oh, yes, they can. Yes, yes. Man, they can come quickly. That’s a good man. The screens. Oh, what’s up with the timestamps, Nikola? Well, we’re doing timestamps. That’s when people watch on YouTube. They can click around. Do you have non-native students who have joined your academy and become a blockchain manager? Yes, we do have nonnative students, for example. Look in our testimonials. Go check Asymptote out here that come and look, for example, of this video about Juleanna. He had not progams, she had no progam experience, joined the academy and now works full time as blockchain developer. So you can watch this full video, how you’re adding blockchain. Blockchain was very new. There was a lot of fundamentals because by the time I. Anyway. Anyway, you can watch the full video, go to kazimir down to the com. Also watch this one. I mean, this one is really a true sign of the success of our academy. I mean, we’re so proud for Joumanah. He works as the head of blockchain in the multibillion dollar Swedish corporation. Ericsson man. I mean, this is this is amazing. This is what we work for. My name is and Francesa and I belong to Ericsson. And I have the pleasure to lead the blockchain forward. For example, you know, when I started in anyway, say you can check yourself. Look, it’s a lot. It’s a lot. A global citizen. Ivan, what is hash bar? Look. Good question. Is the fundamental. Good question. Hash power is how fast we tried to guess the next block collectively. So look, when you’re minding, you’re basically guessing random numbers and you’re hashing that random number with the contents of the block you’re trying to put into the blockchain. All right. So what does this mean, hashing? It means that you run an algorithm that produces a unique fingerprint for that particular block together with the random number. So you need the unique fingerprint for this data collectively. Now, the network has certain rules that you to guess until you get a certain number or a certain fingerprint below below the threshold of difficulty. Now it’s getting a bit technical. You go to Kazimierz, that commu will learn the way better. But I explained to nontheless. So. So you understand that the only way to mine the block is to guess a bunch of numbers. And then each time you get a number, run this hashing algorithm that will produce a unique fingerprint. Until that fingerprint is low enough. That fingerprint is a number. It needs to be below a certain threshold. The only way to get it below a certain threshold is to just guess and run the algorithm again and again. There is no way to predict. There is no way to predict what kind of random number or the so-called nonce, like Vassily says, what it needs to be. You can only guess so. Each such guess and each such run of the algorithm hashing algorithm is basically a you run the hash. So you run their hash. Now hash rate is how many of this guesses we can do collectively as the network, like all deminers, everyone. How many guesses we can do per second. So that is that is hashrate. And look, it’s so big. I don’t even remember like what kind of fight you measure meant to do this. One hundred and thirty six quantrill and hashes per second. So this was in March like the second. So it’s not like the the latest ListString the late. So look we’re talking about quintillion s of these guesses and you understand that’s per second. That’s per second. All right. So you know that it takes six hundred seconds on average to produce the next block to produce because it’s ten minutes. We have ten mean blocks block time, man. Why is it not working? So this basically means that if you have the accurate is like it’s it’s around that number is around that number that we saw on Google. So it’s a what is it. One hundred and thirty six quintillion. That’s per second. Now you’re going to take one hundred and thirty six quintillion times. Times six hundred to get the average amount of guesses needed to to mine the bitcoin block. So it’s one hundred and thirty six quintillion. That’s the hash rate per second times six hundred seconds for ten minutes. And then you get the number of guesses need that the number of times we throw around short-run fifty six to guess the next bitcoin block to get that into the blusher. Nate please email contact that. I will take this call. Thank you so much. Truly appreciate you. I truly, truly appreciate you. OK. I guess that does it. That’s it. Quentin not Quantic. Quintillion. Quintillion. Thanks. Thanks. Are you planning to introduce economic or financial classes? Yes. That’s the next Caesar. Does the next thing we basically need to create the course that explains to Bitcoin from the perspective of the Bitcoin standard. So that’s that’s that’s a very important jimmying. That’s when Superjet, too. Man, I hope tomorrow. We’re so close. If you’ve visited the space yesterday, you already saw that we have it working like it’s working, but it’s still baijiu. But if you’ve visited like during yesterday in the evening, you saw that we had like Super Chesil read it, but it’s so close. Can you see a screen actually are on there just showing off exactly the full moon they’re on and we see a full moon. Ivan needs an economist. Well, we don’t. We need to do a course. Michael teaches a course on the Bitcoin standard, basically, and we need to produce it because it’s a very important course to get people into the mindset of the financials of Bitcoin where you’ll be able to do crypto showboat. Yes. And from the beginning. No, but Ververs soon. Yes. We have everything. It will. You gonna you gonna have like if you gonna have Tron, you gonna have look at enough. We’re gonna have bitcoin because then we’re going to have with zero confirmation or we’re going to have lightning. But man it’s easier with if we’re going to do if the first. Maybe we will do Tron. I don’t know, maybe if Justin some wants a stake in our chat he can purchase and we can do trump payments. I’m joking. I’m joking. Thanks, Ivan. You are the pope is the halo is the hill. Look, you’ve got to find some positivity in the in the situation of the screens going bananas and they are bananas. But I don’t. That’s the good thing, is that the airport screening guests are coming. Okay, guys, thank you so much. Thank you so much for being here yet again. Guys, if you’re watching this on YouTube. I don’t know what you’re doing. I don’t know what you’re doing, to be honest, because you got to go to. I don’t know that com slash line. You’ve got to subscribe right there. You see read subscribe button. You see ellerson. They bolt. You’ve got to press alerts. You’ve got to press stations for telegram. And when you’ve done that, then you truly join the evangelic church. Welcome to the evangelical church. Bob. But Emeritus, says Latham forever. Anyway, guys, thank you so much. I really appreciate that you made it so amazing Monday. Let’s get it started. Final motivation from from the Fed. Let’s see if I can get the sound man and the sound in this. Yeah. Let’s go, guys. Monday, motivation fund. Wait, wait, wait. You don’t see. You don’t see it. Let’s go, let’s go. Yes, yes, yes. That was the sound. I don’t know why it didn’t work. I don’t know why it didn’t work in the beginning. But that is basically the motivation for Gerald Fowler. Yes, yes, yes. Monday, guys, I see old tomorrow, 8:00 p.m. Central European Time. Have a good day and goodbye. Goodbye. Goodbye. Goodbye. Goodbye. This.

source https://www.cryptosharks.net/bitcoin-to-zero-chamath-palihapitiya-day-of-reckoning/ source https://cryptosharks1.blogspot.com/2020/04/bitcoin-to-zero-or-1000000-chamath.html

BITCOIN TO ZERO OR $1000000!!! Chamath Palihapitiya Day of Reckoning

VIDEO TRANSCRIPT

And we’re alive, yes. Welcome to another episode of Good Morning Krypton. Here on Ivan Ontake, we are, of course, broadcasting life straight out of Stockholm, Sweden. And we do the show each and every day at 8 a.m. Central on Summerton. Yes, I come to like an atomic clock each and every day. Look, we have so much to discuss. Bitcoin breaking seven K. Also, we have this binary situation in Bitcoin. Either become super successful or it doesn’t become successful and it will be easy for governments to pursue it and to really try to take it down. So we’re going to have both bullish and bearish perspectives on the matter, because I think it’s very important that we covered the interest from Shamas, Bill IP Diop, Bill Uppity, sorry for butchering the name, but you know, this guy is one of the people who started Facebook. Since then, he has left this whole Facebook community and really started to work against them and saying how bad and how hurtful Facebook has become compared to original days. And now he is working a lot with technology. He is early bitcoin investor. And he basically has this idea that he either will go to a million or we go nowhere. And it’s so important to discuss because, look, the grandiosity of our plants are very big. The grandiosity over plants are huge. And we have to realize that that either we are successful or we’re not successful at all. There is no middle ground with Bitcoin, really, if you think about it, there is no middle ground. And many of you who are watching right now on islands don’t think that’s gone. Fleshlight Noel Redzepi, why it’s blagged, but because we couldn’t get the screens working. I told the guys here on I don’t think that Fleshlight is got to be saurus or rush out or something. They’re trying to mess with our stream. But you know what? It is Monday and nobody messes up my Mundus, not even the powers from from the establishment. And then all this creates I don’t have to fix them. Now, we do have some Mundie motivation from the Fed. And that’s the best thing about crypto in the bout and about the Internet. You have so many means, you have so amazing many Meemaw’s and many of them are so funny. So let me see if I can play to you. This basically fed pumping like crazy and the Powerwall is pumped. Obviously he’s pumped for action. And the. When I saw this, it will so find it. It’s also funny because it’s true. Whenever we have a new day, whenever we have a new a new week, we will see more action from the Fed and the look. If you watch this video, you’ll also also get the sound. I don’t want to use the sounds here, but there’s like Hardrock when he does it. And look, what’s important right now is to look at the bullish situation. We are very bullish right now. We are pushing 7 K, we are establishing quite well above it. And, you know, the 7 K has been this area of resistance. And if we can just establish ourselves above it, we might have a clear path to 8-K and above Bob. After that, I want to cover an important report about institutional adoption of crypto. Basically how Group 2 is right now performing in terms of institutional investors and wealth managers. And it’s very big and very important because we are growing a lot and at the same time we’re still so early. So there’s a lot of upside potential. Finally, I want to talk about Mr. Krystof. You know, many of you know him already. He’s extremely bearish on Bitcoin lately. I want to talk about it. He’s basically saying that, hey, just like Swiss bank accounts were shut down by the US and the Swiss bank account today, you know, is not the Swiss bank account. You add just that 10 years ago before the financial crisis, they changed a lot. How the Swiss bank accounts work because they had to comply with U.S. regulations. So we’re going to discuss this argument. That’s the same thing is going to happen to crypto. So Mr. Clifftop says it a lot and I keep reading his Twitter, so I want to comment on that. After that, we’re going to talk about maker Dow. We’re going to discuss some Fiat, programmable fiat, because you know that we have a lot of initiatives from all kinds of countries when it comes to building digital cash. And it has both to do with just national currency, but also just programmable fiat in terms of all for you not being able to do everything you want with the money. So, for example, if you have insurance and you get paid from insurance, they want to know that you’re not going to spend money on something else, that you’re actually going to go and buy a new car if the car crashed or whatever. Or if you get welfare, they want to know that you don’t go and buy something not useful with it. You buy food. Now, obviously, it becomes very totalitarian very quickly and we’re going to discuss it. So we have a few projects here I want to highlight to you in regards to this programmable fiat space. And basically governments trying to create money that they can program and they can really, really control. But that means, I guess, welcome everyone who is watching this. Like, how are you all doing? Welcome, everyone, on Idol Datacom Slash live. If you are watching on YouTube, you have already missed the livestream. We’re only we’re only left Schmoo. And I don’t take dot com slash live. Why? Because we’re taking this matter matter into our own hands. We’re not being some kind of vassals to some kind of platform. We’re only livestreaming. Here you have to go to Armenta dot com slash line right now. Subscribe. Their enablers enable delegate implications. If you’re watching here already. Just do it, dude. Right now, everything that I just told you. And welcome everyone in the chat. I see group to Yoda. Bernard Lee her fall as Latin forever. Krypto Vader. Guys, how are you doing, Michael? Gulp. Welcome, welcome, welcome, man. So amazing to see the chat. Really. The chat is amazingly, amazingly active today and that is exactly how it should be. What’s important right now is that we’re close to the having. Look, the whole situation with us jumping one order of magnitude with each hubbing can not be ignored, just like Plan B says. So Bitcoin has been oscillating about stock to flow value of seven thousand dollars for 2.5 years. SNAP. Now we’ve been around 7.5. Even when we went to 20K, you know, that stopped the flow really had a target of seven K. So we really overextended in 2017 18 we went to 20K. You remember that? And obviously we pulled back and now we been also seeing around 7 K for two and a half years. And just like before 2016 hubbing we were at three three hundred dollars just and before that we’re at six dollars. So as you can see, usually we jump one or two orders of magnitude from six to three hundred and and now from three hundred to seven thousand. So as you can see here, we basically did them and we add that that we went from once to hundreds like from single digit to hundreds, they would from hundreds to thousands. And probably this time around we’re going to tens of thousands. We’re doing another order of magnitude. And look at the end that we’ve got to have the end goal. And the end goal is that Bitcoin is significant part of the entire financial ecosystem and macro economics and everything in the world needs to have some kind of new reserve world currency like we discussed yesterday. All of this empires come and go. There is a world reserve currencies come and go. But but, but but what’s different right now is that we do have a united world in terms of commerce. We all want to trade with each other. It’s very frustrating when you have a currency that simply bans the full country because of sanctions or whatever is very frustrating for you as a merchant. I mean, why if you have a good that you want to buy, but you happen to be bored. You happen to be born in a country that is severely under sanctions. We cannot do business. And obviously the current currencies are being used for all kinds of political reasons. And therefore, the world needs a neutral, apolitical, a political mandate. And that’s going to be bitcoin or or we’re going to have the same issues we have today. We’re going to have the same problems. This Fiat experiment we’ve been handling for the past decades is coming to an then. And just like we’re speaking on by bit, we’re pushing seven thousand one hundred. So it’s doing extremely well today. Bitcoin now looking at the coin GEKO Web, the following situation right now we have bitcoin at seven thousand nine dollars on there by bit. We’re almost at seven thousand one hundred dollars. So as you can see, is being extremely, extremely bullish when it comes to future platforms and derivatives. While if you take average spot, we’re still just above seven K now. At the other top ten cryptocurrencies, we have the phone situation, a theorem, 0.8 percent up SRP zero point nine at Bitcoin, Casula point eight. So all in all, quite upwards. Quite amazing market, but nothing dramatic yet. We might see dramatic we might see dramatic moves once once this resistance really gets crushed and resistance is around seven K, but even though we’re above it, we need to close guys. We need to close the day above it. We’ve to establish ourselves. We need to basically signal to the market that, hey, 7:53 is in the bad guys. It’s in the bag and we’re ready to go higher. And if you’re chasing this, you can use by bit. So if you go and you check the link below, you will find bybee’s. If you’re watching on YouTube, you will see best crypto deals or best deals link. So click there. You’ll get there by bit link and you get free margins when you start there. And also you will find remix, remix and Vibert are very similar. But on Fenwick’s you can do gold, Lt.-Col and dazzles tracing and link trading. But on bybee’s you have more volume and you have more liquidity. So look, you got to have both at the end of the day because it’s good to diversify. So the advantage here is you get more coins and more assets. Advantage here is that you get more liquidity, but it’s good to try both. Now, once you start speaking sorry, once you start realizing the significance of the financial control that you and they are all being living under him, you simply go quickly to Bitcoin. I saw this news. I’m sure many of you have seen this. I’m sure many of you have seen this guy pleasant. GREENE A big YouTuber was talking about how Western Union banned him for life. So he was having a business working with Western Union. And just imagine this. This frustrates me the most. The fact that you have this unproductive business in old business, they have this unproductive pieces, pieces of old business. Don’t really do a lot. It is the payment providers. It is the payment processors that really are just shifting bits in their database. I mean, obviously the whole issue is that they do have their platforms built on outdated dinosaur infrastructure where they have to integrate with the banks. They have to have permission. They have to have all of these connections to even get started. Do you think if you sit at home in your underwear, in your living room, in your bedroom, do you think you can start the new PayPal or the new stripe, even if you’re the greatest programmer? You have the greatest programming experience and team. You won’t be able to do it. But but if you’re sitting in your underwear, you can start. Most of the businesses you could have started Google, you could have started Facebook, because it’s all about just building a product that works well here in the financial space. It’s a cartel. It’s a closed club. So there is no way to even enter it. All right. So that is the issue. You have this unproductive chains in the value chain, in the production chain. There are just taking out a percentage to rent seekers, by the way. So and it’s coming to mainstream now. People are getting tired. Do you think this guy would even speak about Bitcoin if he wasn’t banned from Western Union? No. And he mentioned bitcoin that bitcoin could be a good solution for his business. So at the end of the day, we are moving towards the situation where more and more people start to question. I mean, guys, do we even need all of you? You ban me. You are taking huge fees. Like many of them do, enormous fees. And so why do we need them? The issue is, of course, the situation with the with the customers. The customers are not really using Bitcoin yet. So does the issue for merchants. They’re not only forced to use all of these service providers because they are they are forced to to use the old banking infrastructure. They could use crypto. But it’s just that the customer the customer is not there yet. The customer is not there yet. Guys, we’re pushing 7.1. I seen the chat chat going. While you mind seeing that we’re pumping, we are doing that towards 7.1. Now let’s talk about Shamas. Sharma. Byerly. Happy to man. My amazing name. Amazing. Is it Indian or Pakistan or what is this, guys, if you know about this culture. Let me know in the comment section, in the chat. What kind of name is that? But Shamas Bilin Hoppity is a billionaire, right? He was one of the founders early employees in Facebook. He was one of the most important people in the early days of Facebook. And since then, he has shifted completely. You know, if you haven’t seen all of these videos where he talks about how social media is destroying us, destroying our lives, you should check it out. He has a very, very important video that people have made. Basically, they took different interviews from him and they they’ve created this video. And by the way, guys, in the chat, if you find that LinkedIn chat, I will share it on the screen. And if you all right now in the chat can find it. And right now, he’s also very heavy in Bitcoin. He has heavy bags. And his bags have been performing quite well because he bought at $80 and basically said that at one point he controlled five percent of Bitcoin supply. So we’ll see if that’s true or not. But all in all, he was on Pompe interview. All right. He was talking about the situation with Bitcoin and how we either go to 1 million or we don’t go anywhere. We either are successful. And success in our case means that we are truly, truly global. We are a reserve currency. We’re used as this neutral, apolitical power in the space or or probably if we’re gonna struggle a lot and we’re going to struggle a lot both when it comes to adoption. But when it comes to regulation, you know, it’s very easy to shut down something that is not successful. Imagine the Internet. Imagine how it is to shut down the Internet today. Impossible. People love the Internet. They use it every day. So success and wild, wild mass adoption is the only protection against the government intervention and against somebody tyrannically trying to ban your Netsch does the only prevention. Now, if you have a technology that gives people power, but it’s not really getting up to speed, it’s not really getting big. Then this, of course, very easy to shut down. So that’s kind of the way for bitcoin. Either we become big or or just like Mr. Kristoff says, like we’re going to discuss later on, this video is gonna be like with Swiss bank accounts that they’re going to try to do their best to shut them. But hey, Lizzie, let’s discuss it when we come to that topic. Now, what’s important is that he talked Shamas talked about the fact that we’re driving slowly, but we are driving towards a cliff and this cliff is inevitable. And obviously, he’s speaking about the monetary madness that has been going on right now for the past decades, if even since Nixon. Basically, this whole man has started with Nixon, removed the connection to gold and ended the Bretton Woods. So we’ve been driving slowly but surely towards this cliff, also known as day of reckoning. Really? That’s why I have it in the title at the end. Going to have a day of reckoning in the financial system. And then we’re going to drive much, much faster down that cliff or down that hill and at the end if we’re going to have a huge brick wall. So when you see all of this trillions being printed out of thin air, out of nowhere, we are driving down the hill. And the question is, when is that brick wall gonna come? And the really it’s a question that nobody can answer. If you don’t look at this close to, there is no way to re predicted. But you can look long term. You can predict long term, short term, who knows whether it’s going to be tomorrow or in a week or in a month. But long term, it’s inevitable if you really study it. For example, if you watch the channel, you know already a lot about what’s going on in the financial system. We’ve covering all kinds of topics every day. So that’s you guys. That’s very, very key. And so the path dependence for Bitcoin is if it looks like the basement is likely. So that’s the currency, the basement of dollar. It will really emerge as a flight to safety. And here he basically says this title, the title of this video that, look, it’s either zero or it’s millions. That’s where we’re going. And that’s what’s important to note, is that the chance of bitcoin succeeding has increased dramatically during the past weeks. So let him, by the way, zoom in on my face now that we are in the darkness, now that we have the screens completely destroyed by an unknown power. We’re going to do like this. So it’s a bit more intimate. So it’s a bit more direct. So it’s a bit more. More like this. OK. Yes. So you understand the following that with the everything that has happened during the past few weeks, we’ve seen an unprecedented increase in the success of Bitcoin in the potential of Bitcoin succeeding. So basically said in the article that that probability went maybe from 1 percent to now 5 to 10 percent. Can you imagine basically a ten x increase in probability of bitcoin succeeding because we didn’t really know how far we would go and how fast in terms of monetary policy and in terms of money printing. So that is exactly what’s happening. I see people in the chat saying that I have a halo. Yanga. So welcome to the evangelical church. Welcome to the evangelic church everywhere. That’s true. That’s true. Right, right. Right. So look, one digital currency is deemed safe by government. Bitcoin will move this shil book, Chiluba. That’s that’s for sure. That’s for sure. And it’s going to happen. The small countries, guys, the small central banks. They see the situation with the US dollar. They’re not liking it. They’re absolutely not liking it. And they see their opportunity, just like we discussed why the central banks will fall into Bitcoin. It’s just a question of time. They will formally in. To Bitcoin. You know why? Because they will see their opportunism. And at the end of the day, we will be having a game of musical chairs. It’s all about musical chairs. You don’t want to be the kid without a chair. It’s really some of the most traumatic memories many people have from childhood. You know, you’re playing this game of chairs and chairs are running out. There’s always one guy without a chair. You know, that you don’t want to be that guy. You’re trying to grab a chair as fast as you can. But it’s a good life lesson for the central banks because, look, once you have 1st central bank, it’s gonna be a small one is gonna be like Bermuda or some of the small ones. They get adopted first. They gonna move towards Bitcoin being in the reserves first. Why? Because they have nothing to lose. Look, they’re not incumbents. They’re not established. They’re not one of these banks that has already a lot of success. And they the guys like ECB, the Fed, they have most to lose while the smaller guys have most to win. So they will be the first one. And that is when dominos will start to fall. Then you have other banks like Bank of Japan also considering, hey, maybe we should buy a bit before the price goes up even more. And then it becomes who is the last guy, who is the last guy to get into bitcoin as a central bank? And there you have the musical chairs because the guy at the end, he will not get the chair. He will be buying bitcoin so high it will simply be impossible for him to get any kind of influence in the world with with that central bank. So, look, we are changing. We are changing the way manual works. We’re changing the way finance works. And it is inevitable. Yes, it’s inevitable. So I hope you understand now the reason why I have Bitcoin to 0 or a million is because, look, if we are here at 5 K still in 5 to 10 years, I think it’s gonna be easier, is going to be way easier for governments to take action because obviously they don’t want bitcoin. Obviously they don’t. There’s no way to shut down bitcoin, but it’s very, very possible to make it this weird thing that nobody wants to touch. And that’s so important that we really spread the education right now. And what’s good is that people are getting interested. We are in a very good trajectory and even big institutional investors are very interested in bitcoin. And that’s the next topic. Guess we’ll be talking about the institutional adoption of digital assets trading report. All right. That’s going to be the next thing. And how are you guys doing in the chat? Let me hydrate. Man, I need to call the screen guys so they can take a look. I need to call the screen guys. All right. All right. All right. You know, these screens, usually it’s like the screens on the airport. So I have to call the airport guys that do the screens for the airport to go in and fix it in the studio. For some reason, the first it seems like like the first screen that’s getting the signal is not getting it. I don’t know. Yes. They have been serving well for over two years. So that’s something I wish they lasted a bit longer. But look, what we’re seeing right now is the situation with Bitcoin being a digital asset that many serious traders look at and wealth managers. Thank you. Thank you so much for the compliment. Edward, nice haircut. Thank you. Thank you. Thank you. So what basically we have right here is a serving a research done by seeing me and Bitstamp and released this equity management intelligence that did it. But they did it inclination with some NCM me where they looked at what investors want. What is the state of institutional investing in Bitcoin? How is it going and what is the progress? Now, this is very important. I’m going to just talk about the important things. This is the most important thing in regards to to this research, and that is that there is a demand for bitcoin exposure, but there is not a lot of opportunities. So as you can see, you have Europe, North America and the AP Apex or Asia Pacific. Now, what’s important is that on this screen right now, we’re seeing adoption rate demand to broaden digital assets, scope and adoption rate relative to the demand. So basically the purple chart is how much there is demand to be exposed to Bitcoin as a wealth manager, as a serious investor. Now, the yellow line right here is the orange one. Is it how much you can actually do it? What kind of possibilities you have? And you see that in Europe, the demand is much larger than the possibility. Basically, there is so much more demand to invest than the industry can offer and open up in North America. The same thing. And in Asia, the same thing. So it’s very clear that there is more demand than we even have infrastructure to to handle right now. At the same time, you do have a lot of fears, a lot of concerns as well that still aren’t cleared. So number one concern for international investors is it is about security and the cost is the fact that you can be hacked. The fact that your custody might not be as safe as you think. And custody is a particular concern. And you can see this chart right here basically showing you all of the different concerns in this chart right here. Security of the exchange being the biggest one. Then you have counterparty risk with the exchange. If the exit scam or something happens or they get hacked, then concerns over custody. Basically the same thing, concerns over AML, KYC, not that big. By the way, concerns over a million ways it is there, but not that big. And finally, fear of reputational damage also. I mean, what kind of reputational damage? If anything, you will get reputation. You will lose reputation if you are too ignorant to even try. Bitcoin. That’s where you lose reputation because your clients, the clients that you’re managing the funds for, they’re going to come to you and ask, how the hell did you miss? Ninety nine million percent interest. I trust you with the money. What am I paying for? Nine million percent in bitcoin. And we missed it and we missed that asset. And I’m here with the stocks that have fallen 30 percent in the past month. And you didn’t take my money out of the stocks. And also you didn’t buy Bitcoin, which went up 9 million percent. That is how the customers are going to speak to their wealth managers. So it’s only it’s only one way forward for all of this wealth managers. It is to get exposed to bitcoin as soon as possible. And look, many of them are thinking in those in those patterns, of course. So here’s another chart, basically summarizing all of the different concerns. What’s important is also to ask yourself, what is the number one thing for all of these investors when they’re looking for a platform, when they’re looking for a platform to trade and to invest? Well, it’s not user experience. They actually care about that. They care about. Number one, liquidity. Number two, integrity and security, ease of connectivity. So that you don’t have to call to the traders. You can do everything in computer, for example. You don’t have issues with placing orders and so on, so forth. Thestructure, very important speed and performance. And then only then do you have user interface and user experience. So it’s not that important. The most important thing is obvious liquidity. So that is why you have Betamax. One of the ugliest exchanges on the market still being used a lot, even though they’re not very ethical in how they handle the situation to to to big extent. And even though they have not very precy why they have liquidity, that is basically the only thing they have right now. So they also listed the different exchanges like Bynum’s bith makes Bitstamp. What kind of exchanges are are people interested in? A bit makes. By the way, one of the hires because they have so much liquidity. So you see it’s still the liquidity is number one. You got liquidity. And the same is, of course, for digital assets. When you’re trading an asset, you want liquidity, but you also want volatility. You want to beat the volatility as well. So, guys, this is basically the report. And to conclude, I want to say this. I want to say this. We have a lot of opportunities and we still haven’t even started. So our survey suggests that the digital assets market is on the top of the cusp of significant growth. All right. From traditional trading firms, look, we’re still just on the cusp. On the cusp. Current adoption rates are relatively low, still low. People are interested. And 97 percent of all of the wealth managers that participated that are still not in crypto, they will reconsider within the next two years when they have better cars to do, when they feel more safe, they will reconsider. And 45 are planning to revisit the idea in six month or less. So, look, when they start when they come, it’s also going to be musical chairs. Really, Bitcoin is the perfect analogy for all of this musical chairs, because as soon as one of them gets into bitcoin, you see other all other Wolf managers, they all speak to each other. It’s a close community. They’re all networking. So you see a guy getting into Bitcoin. Another guy gets formal. He also gets into Bitcoin. It’s like this is this is usually invest in whatever startup, in whatever venture there is a friend invested in. They get formal. They get formal. Look, if you get formal, you haven’t seen the v.c formal yet, just like this. By the way, forward into old coins in 2017. But that was more Asia. That was more eastern. This is here. We’re talking about western and eastern like everyone. So you’ve got to understand, whenever they start, it’s going to be a very big inflow is gonna be a very big inflow because it’s once again game of musical chairs all over again. All right. So that was the second topic. We are on fire. For some reason, this screen issue gave me so much motivation to do this, a show with even more with even more intense energy. Man, it feels good. It feels good. It’s like I don’t like one little look. I wake up. I have my script. I have everything for bread. Then some kind of like small detail is not working like the screens. So like I saw it look, should we will have the screens for some reason. It looks kind of good with black as well. But yeah, they are here so we should fix them. But let me know how it is with only black. Basically black mold you get dark. Mold gets exactly like I like I saw you guys writing in the beginning. This is dark mold for good morning Krypto. Oleg’s as he means the screen. I know, man. I miss the screen, too. I mean, this green screen. No, no, no. Not green screen. Not green screen. I need this to do to feel premium. Look, I come here every day. I cannot come to a green screen that it looks like some kind of, you know, some kind of garage or something, some kind of basement. In this to be nice, to do nice screens. So that’s why I’m not doing green screen. I have done green screen in the past. I’ve tried. But it’s just that look, it’s I don’t feel like a professional when doing that. I need to feel like a professional. All right. Moving on, guys. Moving on. We’re talking about Mr. Kristo. Big shout out to Mr. Cristol, by the way. Go subscribe to his channel. I would like I would like to talk about his concerns about Bitcoin being regulated. And he’s very bearish. Look, if you read his Twitter, it’s very bearish. We’re gonna not really perform well, according to him in these times, especially because the government is gonna come after Bitcoin. So he’s saying that you guys remember that they tweeted a post a few days ago where I said governments will come after Bitcoin like they did with Swiss bank accounts, with Swiss bank accounts. And that’s happening right now as well. He’s saying because we saw this lawsuit yesterday that we covered on this screen. Look, have covered on this on the show. What’s. I’m thinking too much about the broken screens on the show. We covered this lawsuit yesterday. And he is basically saying that, hey, look, they’re gonna come. It’s a question of time. Elik, largely, largely. I do think that there is not a gun that can begin to regulate the gun to regulate like crazy because look at India and India. They tried to ban the central bank, tried to ban it. All right. And so when they did, what happened was that the Supreme Court stepped in and said that this is not OK. Look, this is a liberatory. You’re breaking liberties so you cannot ban bitcoin. But they can try of course, try to regulate it like crazy. Like crazy. So that’s what probably will happen if and only if we don’t have massive, absolutely massive success until 2030. That is basically the deadline that I set until 2030, because it’s like with all other tech there is disruptive that is making the establishment a bit uncomfortable. It’s way easier to shut down something small, something that has just a few users. And you can also say that they’re using it for illegal activities. It’s easier to sell the ban to the general population and therefore you have a limit on the amount of time to make this bigger, to make this worldwide. The good thing is that the guys over in the traditional financial industry, they’re helping us. They’re helping us the most. Themselves, by the way, the malls themselves. Because I think when you see stuff like this, like smart money and this is a project by its year to every and look, basically this is for insurance for insurance use case. I’m going to show it to you here. And they’re wanting to create Fiat. Fiat that is programmable in the way that when you receive a payment, for example, whether it is an insurance claim or whether it is that you receive welfare from the government, they want to be able to program it and say, for example, you cannot spend this money on anything except except food and the rent because you are on welfare. So you’re getting a welfare check. We want to ensure that you don’t go out and buy like, I don’t know, like some kind of leisure. You don’t go into vacation with that money. So when so when that happens, you will see people really feeling that Hema is digital payments. How can they do digital payments without without having all of this mess? And does Bitcoin? So does Bitcoin. That is open cryptocurrencies. Now we have another important, important development from the EU with European blockchain, the serious infrastructure also. Look, there are few use cases they really like. One of these cases is digital cash. Another use case is, of course, this whole programmable money for insurance or for welfare and for taxation, obviously, automatic taxation. And the third one is that that is the first one. That is the first one. Digital casualty program, welfare. And the second one is identity. So when it comes to identity, there is this project, Finzi, that seems to be focusing more on identity and that it is basically starting in Finland and began to have the financial sector and the industry sector altogether coming together and running a hyper ledger network. So know this permission based networks like hyper ledger, they can run their own their own permission ledger on which they going to try to launch this project with decentralized identities so that they instead of having your passport and your identity, just being in your passport is also on the blockchain. It’s also like everywhere else. And if you go to a hospital and you don’t live in the country where you have that hospital, they will still get all of your information because you have that identity. So they will be able to fetch that information associated with you from other from other hospitals, like, for example, for example, you get the point, basically. Sovereign identity, decentralized identity. So, look, gets a lot of things are happening. I’m going to pay more attention to everything that is going to be going on in this traditional space. Why? Because honestly, I didn’t think they would have so much going on. I did not think they would have so much. But lately, I’ve been speaking a lot with the corporate side. You know that one of our alumni is in our academy is the head of blockchain at Ericsson. So he gave us a lot of insight in about what they are doing and what they are working with. And they are working a lot with both open but also permission based blockchains. And so I’ve been speaking a lot with that side. And look, it’s more than you can expect. Obviously, it has nothing to do with the type of crypto and blockchain where we’re speaking about normally. But it’s important to keep an eye on. It’s important to keep announced the as head of blockchain at Ericsson, a multi billion multinational company. Our our academy is Leweni. You took the business master class and really, really became successful in the corporate world. And look, it’s our three is hyper ledger and ar3 core. They’re very big. And also you have all of discussed them all discussed. And projects like Finzi running on top of hyper ledger and or like smart money, which is kind of its own. It’s not necessarily that they’re eating even using blockchain. And all of this is still in the research phase and all of this is still super early. So we’re going to see exactly what comes out of this. But what’s important is that we do see McKinsey estimating that it’s going to be until 2023 that all of this corporate projects really start showing something that really go from idea to implementation and and the adoption in the traditional corporate space. So we’re going to keep an eye on delegates. It’s important. It’s important because, look, there are also opportunities there. If, you know, crypto and many of you guys, of course, want to go full time crypto. And this is kind of on the border, what is crypto and what is not crypto. But there are many opportunities. Look, it’s a multi, multi billion dollar industry just educating all of the corporates about about what it is and how it works. Now, it’s a hundreds, hundreds of billion dollar industry when it comes to the implementation space. But obviously, you got to ask the ethical question. I mean, what kind of future you want to see. So at the end of the day, what’s important is to focus to solve this, to solve this with open, permissionless and end global cryptocurrencies. So that’s key. Yes, that’s absolutely, absolutely mega key in our current environment. So I guess that is how that is. That was the topics I wanted to cover today. Also, we have another one, the bolt maker, which is also quite important, and the maker, Dow Foundation, basically want to remove themselves from the equation. On Thursday, they had this call where they discussed how is going to be. And the fact that they have different plans. So Plank one is that they’re going to have elected better paid contributors and they then make the improvement proposals. And all of this basically needs to remove the Maker Foundation from the equation. They basically don’t want to play a central part in the maker and die ecosystem. Why? Because we have a lot we have a lot to do in terms of decentralization. Make it that ecosystem could be even more decentralized if we remove if we remove the foundation. And also, I think it’s very good and very nice for the members of Microdot Foundation, because, look, they don’t need to be under pressure. They don’t have to be under pressure because they’re kind of the head of this big successful project. Like, for example, room Roon Christensen, I think is your vision or something room. Christensen I mean, obviously, he doesn’t want to be the face of all for this whole digital, digital, global, stable, quiet revolution without any central entity. So that’s why that’s why I think look, guys, I’m going to throw a quick text and I’m going to tell the guys who did the screens to to come as soon as possible. I want to do it right now because it’s 9 a.m. in Sweden. And I want just to make it fixed very, very quickly. And then we’re gonna do Q&A. So just give me a minute. To go do some push ups, guys. Got a five, five minute, 15 minute, five second push up. Let me just sit. Man, we’re going to get that fixed. Doo doo doo doo doo. Bird, OK. brotton. Perfect. All done, all done. Yes, let’s do it. We have the chat. What are you guys doing? Let me try one thing. I don’t want to mess up too much, but I’m just gonna do it as as an experiment to shut it on and shut it off again. So, yeah, I have the screen here. Yeah, it’s. Is it working? Not yet, anyway. Let’s do the Q&A. Yes, let’s work on that. How are you guys doing in the chat? It’s midnight here. Can you do push up to. Yeah, you can do tomorrow as long as you the bishop. It’s OK. You can do it tomorrow. Questionable statement. Be very, very careful. Careful. Taking the next step forward. We’re on the edge of a cliff. Well, I don’t know if you’re speaking about the current situation with with with the car driving down the cliff and the fact that we have a brick wall somewhere there down the cliff. But yes. Be very careful, guys. Decentralized, autonomous organization. Yes. That is the Dow. That is the day, though. What would you call the oral topic before you talked about maker Dow? Man, I don’t know, Nate. So what topic we talked about make Dow. And before that, we talked about the the Fiat, the programmable Fiat. You can call it programmable fiat. A corset. So nice. Thank you so much for doing this timestamps, by the way. And guys, if you wanted to timestamps, please check the link below. If you’re watching an amateur at the com slash live. You find this link to join timestamp group. So we’re gonna organize this a bit better in the group. Let’s see. I’m getting a beer belly again. Should go running around Fabricio. Is the lockdown on lockdown? It’s very difficult to not get a bit overweight. I can tell you that. But it’s important to work out. That’s what I’m telling you to do. Some pushups on mining. Ivan, you think it’s always interesting in 2020? Is it okay or too late? Well, it’s all about what you might get. You guys don’t only mind bitcoin. Go to what? To mine dot com and figure out what you should be mining. And you can input basically your configuration of mining and then you will get the different like coins you can mine then. Yeah, it’s it’s important. And you can input your your electricity and everything. But look, it’s a very small margin business. It’s not really it’s not really a quick return. You got to also be believing in the future of crypto. And the price appreciating in the future, if you don’t believe if you just want to mine and dump instantly, it’s not going to work out for you very well. Because in that sense, you understand that the market for mining is so efficient because it’s so easy. You literally plug it machine into the outlet and you start mining. So it becomes very, very professional very quickly. So you got to be investing a lot and there are many people also investing a lot. And there are all these smart merchants. People are trying to push the margin. They have a bit better infrastructure, a bit cheaper, cheaper electricity. But look, mining is a business with very small margins. And so whatever coin you pick, by the way. So the only thing you have is the price appreciation in the future. If you want to have like big rewards, it’s only if you believe that the prices are going to go up. And that’s the only way it makes sense to mine. That is why miners are mining at a loss. In many cases, they’re mining on credit. They’re mining on loans. Why? Because they believe in the future. And that’s why the hash power doesn’t go through the floor. When we have a bear market, then the and the prices go down, prices, hashrate still go up because we have better machines with better equipment, we have better A-6. That’s one. But also that the miners are just the for the future. They’re not really dumping a lot. So, yeah. Did you watch Pompe interviewing season? I didn’t. Not not lately. I think maybe in the past. Oh, man. Let’s see if the guys have answered. Oh, yes, they can. Yes, yes. Man, they can come quickly. That’s a good man. The screens. Oh, what’s up with the timestamps, Nikola? Well, we’re doing timestamps. That’s when people watch on YouTube. They can click around. Do you have non-native students who have joined your academy and become a blockchain manager? Yes, we do have nonnative students, for example. Look in our testimonials. Go check Asymptote out here that come and look, for example, of this video about Juleanna. He had not progams, she had no progam experience, joined the academy and now works full time as blockchain developer. So you can watch this full video, how you’re adding blockchain. Blockchain was very new. There was a lot of fundamentals because by the time I. Anyway. Anyway, you can watch the full video, go to kazimir down to the com. Also watch this one. I mean, this one is really a true sign of the success of our academy. I mean, we’re so proud for Joumanah. He works as the head of blockchain in the multibillion dollar Swedish corporation. Ericsson man. I mean, this is this is amazing. This is what we work for. My name is and Francesa and I belong to Ericsson. And I have the pleasure to lead the blockchain forward. For example, you know, when I started in anyway, say you can check yourself. Look, it’s a lot. It’s a lot. A global citizen. Ivan, what is hash bar? Look. Good question. Is the fundamental. Good question. Hash power is how fast we tried to guess the next block collectively. So look, when you’re minding, you’re basically guessing random numbers and you’re hashing that random number with the contents of the block you’re trying to put into the blockchain. All right. So what does this mean, hashing? It means that you run an algorithm that produces a unique fingerprint for that particular block together with the random number. So you need the unique fingerprint for this data collectively. Now, the network has certain rules that you to guess until you get a certain number or a certain fingerprint below below the threshold of difficulty. Now it’s getting a bit technical. You go to Kazimierz, that commu will learn the way better. But I explained to nontheless. So. So you understand that the only way to mine the block is to guess a bunch of numbers. And then each time you get a number, run this hashing algorithm that will produce a unique fingerprint. Until that fingerprint is low enough. That fingerprint is a number. It needs to be below a certain threshold. The only way to get it below a certain threshold is to just guess and run the algorithm again and again. There is no way to predict. There is no way to predict what kind of random number or the so-called nonce, like Vassily says, what it needs to be. You can only guess so. Each such guess and each such run of the algorithm hashing algorithm is basically a you run the hash. So you run their hash. Now hash rate is how many of this guesses we can do collectively as the network, like all deminers, everyone. How many guesses we can do per second. So that is that is hashrate. And look, it’s so big. I don’t even remember like what kind of fight you measure meant to do this. One hundred and thirty six quantrill and hashes per second. So this was in March like the second. So it’s not like the the latest ListString the late. So look we’re talking about quintillion s of these guesses and you understand that’s per second. That’s per second. All right. So you know that it takes six hundred seconds on average to produce the next block to produce because it’s ten minutes. We have ten mean blocks block time, man. Why is it not working? So this basically means that if you have the accurate is like it’s it’s around that number is around that number that we saw on Google. So it’s a what is it. One hundred and thirty six quintillion. That’s per second. Now you’re going to take one hundred and thirty six quintillion times. Times six hundred to get the average amount of guesses needed to to mine the bitcoin block. So it’s one hundred and thirty six quintillion. That’s the hash rate per second times six hundred seconds for ten minutes. And then you get the number of guesses need that the number of times we throw around short-run fifty six to guess the next bitcoin block to get that into the blusher. Nate please email contact that. I will take this call. Thank you so much. Truly appreciate you. I truly, truly appreciate you. OK. I guess that does it. That’s it. Quentin not Quantic. Quintillion. Quintillion. Thanks. Thanks. Are you planning to introduce economic or financial classes? Yes. That’s the next Caesar. Does the next thing we basically need to create the course that explains to Bitcoin from the perspective of the Bitcoin standard. So that’s that’s that’s a very important jimmying. That’s when Superjet, too. Man, I hope tomorrow. We’re so close. If you’ve visited the space yesterday, you already saw that we have it working like it’s working, but it’s still baijiu. But if you’ve visited like during yesterday in the evening, you saw that we had like Super Chesil read it, but it’s so close. Can you see a screen actually are on there just showing off exactly the full moon they’re on and we see a full moon. Ivan needs an economist. Well, we don’t. We need to do a course. Michael teaches a course on the Bitcoin standard, basically, and we need to produce it because it’s a very important course to get people into the mindset of the financials of Bitcoin where you’ll be able to do crypto showboat. Yes. And from the beginning. No, but Ververs soon. Yes. We have everything. It will. You gonna you gonna have like if you gonna have Tron, you gonna have look at enough. We’re gonna have bitcoin because then we’re going to have with zero confirmation or we’re going to have lightning. But man it’s easier with if we’re going to do if the first. Maybe we will do Tron. I don’t know, maybe if Justin some wants a stake in our chat he can purchase and we can do trump payments. I’m joking. I’m joking. Thanks, Ivan. You are the pope is the halo is the hill. Look, you’ve got to find some positivity in the in the situation of the screens going bananas and they are bananas. But I don’t. That’s the good thing, is that the airport screening guests are coming. Okay, guys, thank you so much. Thank you so much for being here yet again. Guys, if you’re watching this on YouTube. I don’t know what you’re doing. I don’t know what you’re doing, to be honest, because you got to go to. I don’t know that com slash line. You’ve got to subscribe right there. You see read subscribe button. You see ellerson. They bolt. You’ve got to press alerts. You’ve got to press stations for telegram. And when you’ve done that, then you truly join the evangelic church. Welcome to the evangelical church. Bob. But Emeritus, says Latham forever. Anyway, guys, thank you so much. I really appreciate that you made it so amazing Monday. Let’s get it started. Final motivation from from the Fed. Let’s see if I can get the sound man and the sound in this. Yeah. Let’s go, guys. Monday, motivation fund. Wait, wait, wait. You don’t see. You don’t see it. Let’s go, let’s go. Yes, yes, yes. That was the sound. I don’t know why it didn’t work. I don’t know why it didn’t work in the beginning. But that is basically the motivation for Gerald Fowler. Yes, yes, yes. Monday, guys, I see old tomorrow, 8:00 p.m. Central European Time. Have a good day and goodbye. Goodbye. Goodbye. Goodbye. Goodbye. This.

Via https://www.cryptosharks.net/bitcoin-to-zero-chamath-palihapitiya-day-of-reckoning/

source https://cryptosharks.weebly.com/blog/bitcoin-to-zero-or-1000000-chamath-palihapitiya-day-of-reckoning

BITCOIN TO ZERO OR $1,000,000!!! Chamath Palihapitiya, Day of Reckoning

VIDEO TRANSCRIPT

And we’re alive, yes. Welcome to another episode of Good Morning Krypton. Here on Ivan Ontake, we are, of course, broadcasting life straight out of Stockholm, Sweden. And we do the show each and every day at 8 a.m. Central on Summerton. Yes, I come to like an atomic clock each and every day. Look, we have so much to discuss. Bitcoin breaking seven K. Also, we have this binary situation in Bitcoin. Either become super successful or it doesn’t become successful and it will be easy for governments to pursue it and to really try to take it down. So we’re going to have both bullish and bearish perspectives on the matter, because I think it’s very important that we covered the interest from Shamas, Bill IP Diop, Bill Uppity, sorry for butchering the name, but you know, this guy is one of the people who started Facebook. Since then, he has left this whole Facebook community and really started to work against them and saying how bad and how hurtful Facebook has become compared to original days. And now he is working a lot with technology. He is early bitcoin investor. And he basically has this idea that he either will go to a million or we go nowhere. And it’s so important to discuss because, look, the grandiosity of our plants are very big. The grandiosity over plants are huge. And we have to realize that that either we are successful or we’re not successful at all. There is no middle ground with Bitcoin, really, if you think about it, there is no middle ground. And many of you who are watching right now on islands don’t think that’s gone. Fleshlight Noel Redzepi, why it’s blagged, but because we couldn’t get the screens working. I told the guys here on I don’t think that Fleshlight is got to be saurus or rush out or something. They’re trying to mess with our stream. But you know what? It is Monday and nobody messes up my Mundus, not even the powers from from the establishment. And then all this creates I don’t have to fix them. Now, we do have some Mundie motivation from the Fed. And that’s the best thing about crypto in the bout and about the Internet. You have so many means, you have so amazing many Meemaw’s and many of them are so funny. So let me see if I can play to you. This basically fed pumping like crazy and the Powerwall is pumped. Obviously he’s pumped for action. And the. When I saw this, it will so find it. It’s also funny because it’s true. Whenever we have a new day, whenever we have a new a new week, we will see more action from the Fed and the look. If you watch this video, you’ll also also get the sound. I don’t want to use the sounds here, but there’s like Hardrock when he does it. And look, what’s important right now is to look at the bullish situation. We are very bullish right now. We are pushing 7 K, we are establishing quite well above it. And, you know, the 7 K has been this area of resistance. And if we can just establish ourselves above it, we might have a clear path to 8-K and above Bob. After that, I want to cover an important report about institutional adoption of crypto. Basically how Group 2 is right now performing in terms of institutional investors and wealth managers. And it’s very big and very important because we are growing a lot and at the same time we’re still so early. So there’s a lot of upside potential. Finally, I want to talk about Mr. Krystof. You know, many of you know him already. He’s extremely bearish on Bitcoin lately. I want to talk about it. He’s basically saying that, hey, just like Swiss bank accounts were shut down by the US and the Swiss bank account today, you know, is not the Swiss bank account. You add just that 10 years ago before the financial crisis, they changed a lot. How the Swiss bank accounts work because they had to comply with U.S. regulations. So we’re going to discuss this argument. That’s the same thing is going to happen to crypto. So Mr. Clifftop says it a lot and I keep reading his Twitter, so I want to comment on that. After that, we’re going to talk about maker Dow. We’re going to discuss some Fiat, programmable fiat, because you know that we have a lot of initiatives from all kinds of countries when it comes to building digital cash. And it has both to do with just national currency, but also just programmable fiat in terms of all for you not being able to do everything you want with the money. So, for example, if you have insurance and you get paid from insurance, they want to know that you’re not going to spend money on something else, that you’re actually going to go and buy a new car if the car crashed or whatever. Or if you get welfare, they want to know that you don’t go and buy something not useful with it. You buy food. Now, obviously, it becomes very totalitarian very quickly and we’re going to discuss it. So we have a few projects here I want to highlight to you in regards to this programmable fiat space. And basically governments trying to create money that they can program and they can really, really control. But that means, I guess, welcome everyone who is watching this. Like, how are you all doing? Welcome, everyone, on Idol Datacom Slash live. If you are watching on YouTube, you have already missed the livestream. We’re only we’re only left Schmoo. And I don’t take dot com slash live. Why? Because we’re taking this matter matter into our own hands. We’re not being some kind of vassals to some kind of platform. We’re only livestreaming. Here you have to go to Armenta dot com slash line right now. Subscribe. Their enablers enable delegate implications. If you’re watching here already. Just do it, dude. Right now, everything that I just told you. And welcome everyone in the chat. I see group to Yoda. Bernard Lee her fall as Latin forever. Krypto Vader. Guys, how are you doing, Michael? Gulp. Welcome, welcome, welcome, man. So amazing to see the chat. Really. The chat is amazingly, amazingly active today and that is exactly how it should be. What’s important right now is that we’re close to the having. Look, the whole situation with us jumping one order of magnitude with each hubbing can not be ignored, just like Plan B says. So Bitcoin has been oscillating about stock to flow value of seven thousand dollars for 2.5 years. SNAP. Now we’ve been around 7.5. Even when we went to 20K, you know, that stopped the flow really had a target of seven K. So we really overextended in 2017 18 we went to 20K. You remember that? And obviously we pulled back and now we been also seeing around 7 K for two and a half years. And just like before 2016 hubbing we were at three three hundred dollars just and before that we’re at six dollars. So as you can see, usually we jump one or two orders of magnitude from six to three hundred and and now from three hundred to seven thousand. So as you can see here, we basically did them and we add that that we went from once to hundreds like from single digit to hundreds, they would from hundreds to thousands. And probably this time around we’re going to tens of thousands. We’re doing another order of magnitude. And look at the end that we’ve got to have the end goal. And the end goal is that Bitcoin is significant part of the entire financial ecosystem and macro economics and everything in the world needs to have some kind of new reserve world currency like we discussed yesterday. All of this empires come and go. There is a world reserve currencies come and go. But but, but but what’s different right now is that we do have a united world in terms of commerce. We all want to trade with each other. It’s very frustrating when you have a currency that simply bans the full country because of sanctions or whatever is very frustrating for you as a merchant. I mean, why if you have a good that you want to buy, but you happen to be bored. You happen to be born in a country that is severely under sanctions. We cannot do business. And obviously the current currencies are being used for all kinds of political reasons. And therefore, the world needs a neutral, apolitical, a political mandate. And that’s going to be bitcoin or or we’re going to have the same issues we have today. We’re going to have the same problems. This Fiat experiment we’ve been handling for the past decades is coming to an then. And just like we’re speaking on by bit, we’re pushing seven thousand one hundred. So it’s doing extremely well today. Bitcoin now looking at the coin GEKO Web, the following situation right now we have bitcoin at seven thousand nine dollars on there by bit. We’re almost at seven thousand one hundred dollars. So as you can see, is being extremely, extremely bullish when it comes to future platforms and derivatives. While if you take average spot, we’re still just above seven K now. At the other top ten cryptocurrencies, we have the phone situation, a theorem, 0.8 percent up SRP zero point nine at Bitcoin, Casula point eight. So all in all, quite upwards. Quite amazing market, but nothing dramatic yet. We might see dramatic we might see dramatic moves once once this resistance really gets crushed and resistance is around seven K, but even though we’re above it, we need to close guys. We need to close the day above it. We’ve to establish ourselves. We need to basically signal to the market that, hey, 7:53 is in the bad guys. It’s in the bag and we’re ready to go higher. And if you’re chasing this, you can use by bit. So if you go and you check the link below, you will find bybee’s. If you’re watching on YouTube, you will see best crypto deals or best deals link. So click there. You’ll get there by bit link and you get free margins when you start there. And also you will find remix, remix and Vibert are very similar. But on Fenwick’s you can do gold, Lt.-Col and dazzles tracing and link trading. But on bybee’s you have more volume and you have more liquidity. So look, you got to have both at the end of the day because it’s good to diversify. So the advantage here is you get more coins and more assets. Advantage here is that you get more liquidity, but it’s good to try both. Now, once you start speaking sorry, once you start realizing the significance of the financial control that you and they are all being living under him, you simply go quickly to Bitcoin. I saw this news. I’m sure many of you have seen this. I’m sure many of you have seen this guy pleasant. GREENE A big YouTuber was talking about how Western Union banned him for life. So he was having a business working with Western Union. And just imagine this. This frustrates me the most. The fact that you have this unproductive business in old business, they have this unproductive pieces, pieces of old business. Don’t really do a lot. It is the payment providers. It is the payment processors that really are just shifting bits in their database. I mean, obviously the whole issue is that they do have their platforms built on outdated dinosaur infrastructure where they have to integrate with the banks. They have to have permission. They have to have all of these connections to even get started. Do you think if you sit at home in your underwear, in your living room, in your bedroom, do you think you can start the new PayPal or the new stripe, even if you’re the greatest programmer? You have the greatest programming experience and team. You won’t be able to do it. But but if you’re sitting in your underwear, you can start. Most of the businesses you could have started Google, you could have started Facebook, because it’s all about just building a product that works well here in the financial space. It’s a cartel. It’s a closed club. So there is no way to even enter it. All right. So that is the issue. You have this unproductive chains in the value chain, in the production chain. There are just taking out a percentage to rent seekers, by the way. So and it’s coming to mainstream now. People are getting tired. Do you think this guy would even speak about Bitcoin if he wasn’t banned from Western Union? No. And he mentioned bitcoin that bitcoin could be a good solution for his business. So at the end of the day, we are moving towards the situation where more and more people start to question. I mean, guys, do we even need all of you? You ban me. You are taking huge fees. Like many of them do, enormous fees. And so why do we need them? The issue is, of course, the situation with the with the customers. The customers are not really using Bitcoin yet. So does the issue for merchants. They’re not only forced to use all of these service providers because they are they are forced to to use the old banking infrastructure. They could use crypto. But it’s just that the customer the customer is not there yet. The customer is not there yet. Guys, we’re pushing 7.1. I seen the chat chat going. While you mind seeing that we’re pumping, we are doing that towards 7.1. Now let’s talk about Shamas. Sharma. Byerly. Happy to man. My amazing name. Amazing. Is it Indian or Pakistan or what is this, guys, if you know about this culture. Let me know in the comment section, in the chat. What kind of name is that? But Shamas Bilin Hoppity is a billionaire, right? He was one of the founders early employees in Facebook. He was one of the most important people in the early days of Facebook. And since then, he has shifted completely. You know, if you haven’t seen all of these videos where he talks about how social media is destroying us, destroying our lives, you should check it out. He has a very, very important video that people have made. Basically, they took different interviews from him and they they’ve created this video. And by the way, guys, in the chat, if you find that LinkedIn chat, I will share it on the screen. And if you all right now in the chat can find it. And right now, he’s also very heavy in Bitcoin. He has heavy bags. And his bags have been performing quite well because he bought at $80 and basically said that at one point he controlled five percent of Bitcoin supply. So we’ll see if that’s true or not. But all in all, he was on Pompe interview. All right. He was talking about the situation with Bitcoin and how we either go to 1 million or we don’t go anywhere. We either are successful. And success in our case means that we are truly, truly global. We are a reserve currency. We’re used as this neutral, apolitical power in the space or or probably if we’re gonna struggle a lot and we’re going to struggle a lot both when it comes to adoption. But when it comes to regulation, you know, it’s very easy to shut down something that is not successful. Imagine the Internet. Imagine how it is to shut down the Internet today. Impossible. People love the Internet. They use it every day. So success and wild, wild mass adoption is the only protection against the government intervention and against somebody tyrannically trying to ban your Netsch does the only prevention. Now, if you have a technology that gives people power, but it’s not really getting up to speed, it’s not really getting big. Then this, of course, very easy to shut down. So that’s kind of the way for bitcoin. Either we become big or or just like Mr. Kristoff says, like we’re going to discuss later on, this video is gonna be like with Swiss bank accounts that they’re going to try to do their best to shut them. But hey, Lizzie, let’s discuss it when we come to that topic. Now, what’s important is that he talked Shamas talked about the fact that we’re driving slowly, but we are driving towards a cliff and this cliff is inevitable. And obviously, he’s speaking about the monetary madness that has been going on right now for the past decades, if even since Nixon. Basically, this whole man has started with Nixon, removed the connection to gold and ended the Bretton Woods. So we’ve been driving slowly but surely towards this cliff, also known as day of reckoning. Really? That’s why I have it in the title at the end. Going to have a day of reckoning in the financial system. And then we’re going to drive much, much faster down that cliff or down that hill and at the end if we’re going to have a huge brick wall. So when you see all of this trillions being printed out of thin air, out of nowhere, we are driving down the hill. And the question is, when is that brick wall gonna come? And the really it’s a question that nobody can answer. If you don’t look at this close to, there is no way to re predicted. But you can look long term. You can predict long term, short term, who knows whether it’s going to be tomorrow or in a week or in a month. But long term, it’s inevitable if you really study it. For example, if you watch the channel, you know already a lot about what’s going on in the financial system. We’ve covering all kinds of topics every day. So that’s you guys. That’s very, very key. And so the path dependence for Bitcoin is if it looks like the basement is likely. So that’s the currency, the basement of dollar. It will really emerge as a flight to safety. And here he basically says this title, the title of this video that, look, it’s either zero or it’s millions. That’s where we’re going. And that’s what’s important to note, is that the chance of bitcoin succeeding has increased dramatically during the past weeks. So let him, by the way, zoom in on my face now that we are in the darkness, now that we have the screens completely destroyed by an unknown power. We’re going to do like this. So it’s a bit more intimate. So it’s a bit more direct. So it’s a bit more. More like this. OK. Yes. So you understand the following that with the everything that has happened during the past few weeks, we’ve seen an unprecedented increase in the success of Bitcoin in the potential of Bitcoin succeeding. So basically said in the article that that probability went maybe from 1 percent to now 5 to 10 percent. Can you imagine basically a ten x increase in probability of bitcoin succeeding because we didn’t really know how far we would go and how fast in terms of monetary policy and in terms of money printing. So that is exactly what’s happening. I see people in the chat saying that I have a halo. Yanga. So welcome to the evangelical church. Welcome to the evangelic church everywhere. That’s true. That’s true. Right, right. Right. So look, one digital currency is deemed safe by government. Bitcoin will move this shil book, Chiluba. That’s that’s for sure. That’s for sure. And it’s going to happen. The small countries, guys, the small central banks. They see the situation with the US dollar. They’re not liking it. They’re absolutely not liking it. And they see their opportunity, just like we discussed why the central banks will fall into Bitcoin. It’s just a question of time. They will formally in. To Bitcoin. You know why? Because they will see their opportunism. And at the end of the day, we will be having a game of musical chairs. It’s all about musical chairs. You don’t want to be the kid without a chair. It’s really some of the most traumatic memories many people have from childhood. You know, you’re playing this game of chairs and chairs are running out. There’s always one guy without a chair. You know, that you don’t want to be that guy. You’re trying to grab a chair as fast as you can. But it’s a good life lesson for the central banks because, look, once you have 1st central bank, it’s gonna be a small one is gonna be like Bermuda or some of the small ones. They get adopted first. They gonna move towards Bitcoin being in the reserves first. Why? Because they have nothing to lose. Look, they’re not incumbents. They’re not established. They’re not one of these banks that has already a lot of success. And they the guys like ECB, the Fed, they have most to lose while the smaller guys have most to win. So they will be the first one. And that is when dominos will start to fall. Then you have other banks like Bank of Japan also considering, hey, maybe we should buy a bit before the price goes up even more. And then it becomes who is the last guy, who is the last guy to get into bitcoin as a central bank? And there you have the musical chairs because the guy at the end, he will not get the chair. He will be buying bitcoin so high it will simply be impossible for him to get any kind of influence in the world with with that central bank. So, look, we are changing. We are changing the way manual works. We’re changing the way finance works. And it is inevitable. Yes, it’s inevitable. So I hope you understand now the reason why I have Bitcoin to 0 or a million is because, look, if we are here at 5 K still in 5 to 10 years, I think it’s gonna be easier, is going to be way easier for governments to take action because obviously they don’t want bitcoin. Obviously they don’t. There’s no way to shut down bitcoin, but it’s very, very possible to make it this weird thing that nobody wants to touch. And that’s so important that we really spread the education right now. And what’s good is that people are getting interested. We are in a very good trajectory and even big institutional investors are very interested in bitcoin. And that’s the next topic. Guess we’ll be talking about the institutional adoption of digital assets trading report. All right. That’s going to be the next thing. And how are you guys doing in the chat? Let me hydrate. Man, I need to call the screen guys so they can take a look. I need to call the screen guys. All right. All right. All right. You know, these screens, usually it’s like the screens on the airport. So I have to call the airport guys that do the screens for the airport to go in and fix it in the studio. For some reason, the first it seems like like the first screen that’s getting the signal is not getting it. I don’t know. Yes. They have been serving well for over two years. So that’s something I wish they lasted a bit longer. But look, what we’re seeing right now is the situation with Bitcoin being a digital asset that many serious traders look at and wealth managers. Thank you. Thank you so much for the compliment. Edward, nice haircut. Thank you. Thank you. Thank you. So what basically we have right here is a serving a research done by seeing me and Bitstamp and released this equity management intelligence that did it. But they did it inclination with some NCM me where they looked at what investors want. What is the state of institutional investing in Bitcoin? How is it going and what is the progress? Now, this is very important. I’m going to just talk about the important things. This is the most important thing in regards to to this research, and that is that there is a demand for bitcoin exposure, but there is not a lot of opportunities. So as you can see, you have Europe, North America and the AP Apex or Asia Pacific. Now, what’s important is that on this screen right now, we’re seeing adoption rate demand to broaden digital assets, scope and adoption rate relative to the demand. So basically the purple chart is how much there is demand to be exposed to Bitcoin as a wealth manager, as a serious investor. Now, the yellow line right here is the orange one. Is it how much you can actually do it? What kind of possibilities you have? And you see that in Europe, the demand is much larger than the possibility. Basically, there is so much more demand to invest than the industry can offer and open up in North America. The same thing. And in Asia, the same thing. So it’s very clear that there is more demand than we even have infrastructure to to handle right now. At the same time, you do have a lot of fears, a lot of concerns as well that still aren’t cleared. So number one concern for international investors is it is about security and the cost is the fact that you can be hacked. The fact that your custody might not be as safe as you think. And custody is a particular concern. And you can see this chart right here basically showing you all of the different concerns in this chart right here. Security of the exchange being the biggest one. Then you have counterparty risk with the exchange. If the exit scam or something happens or they get hacked, then concerns over custody. Basically the same thing, concerns over AML, KYC, not that big. By the way, concerns over a million ways it is there, but not that big. And finally, fear of reputational damage also. I mean, what kind of reputational damage? If anything, you will get reputation. You will lose reputation if you are too ignorant to even try. Bitcoin. That’s where you lose reputation because your clients, the clients that you’re managing the funds for, they’re going to come to you and ask, how the hell did you miss? Ninety nine million percent interest. I trust you with the money. What am I paying for? Nine million percent in bitcoin. And we missed it and we missed that asset. And I’m here with the stocks that have fallen 30 percent in the past month. And you didn’t take my money out of the stocks. And also you didn’t buy Bitcoin, which went up 9 million percent. That is how the customers are going to speak to their wealth managers. So it’s only it’s only one way forward for all of this wealth managers. It is to get exposed to bitcoin as soon as possible. And look, many of them are thinking in those in those patterns, of course. So here’s another chart, basically summarizing all of the different concerns. What’s important is also to ask yourself, what is the number one thing for all of these investors when they’re looking for a platform, when they’re looking for a platform to trade and to invest? Well, it’s not user experience. They actually care about that. They care about. Number one, liquidity. Number two, integrity and security, ease of connectivity. So that you don’t have to call to the traders. You can do everything in computer, for example. You don’t have issues with placing orders and so on, so forth. Thestructure, very important speed and performance. And then only then do you have user interface and user experience. So it’s not that important. The most important thing is obvious liquidity. So that is why you have Betamax. One of the ugliest exchanges on the market still being used a lot, even though they’re not very ethical in how they handle the situation to to to big extent. And even though they have not very precy why they have liquidity, that is basically the only thing they have right now. So they also listed the different exchanges like Bynum’s bith makes Bitstamp. What kind of exchanges are are people interested in? A bit makes. By the way, one of the hires because they have so much liquidity. So you see it’s still the liquidity is number one. You got liquidity. And the same is, of course, for digital assets. When you’re trading an asset, you want liquidity, but you also want volatility. You want to beat the volatility as well. So, guys, this is basically the report. And to conclude, I want to say this. I want to say this. We have a lot of opportunities and we still haven’t even started. So our survey suggests that the digital assets market is on the top of the cusp of significant growth. All right. From traditional trading firms, look, we’re still just on the cusp. On the cusp. Current adoption rates are relatively low, still low. People are interested. And 97 percent of all of the wealth managers that participated that are still not in crypto, they will reconsider within the next two years when they have better cars to do, when they feel more safe, they will reconsider. And 45 are planning to revisit the idea in six month or less. So, look, when they start when they come, it’s also going to be musical chairs. Really, Bitcoin is the perfect analogy for all of this musical chairs, because as soon as one of them gets into bitcoin, you see other all other Wolf managers, they all speak to each other. It’s a close community. They’re all networking. So you see a guy getting into Bitcoin. Another guy gets formal. He also gets into Bitcoin. It’s like this is this is usually invest in whatever startup, in whatever venture there is a friend invested in. They get formal. They get formal. Look, if you get formal, you haven’t seen the v.c formal yet, just like this. By the way, forward into old coins in 2017. But that was more Asia. That was more eastern. This is here. We’re talking about western and eastern like everyone. So you’ve got to understand, whenever they start, it’s going to be a very big inflow is gonna be a very big inflow because it’s once again game of musical chairs all over again. All right. So that was the second topic. We are on fire. For some reason, this screen issue gave me so much motivation to do this, a show with even more with even more intense energy. Man, it feels good. It feels good. It’s like I don’t like one little look. I wake up. I have my script. I have everything for bread. Then some kind of like small detail is not working like the screens. So like I saw it look, should we will have the screens for some reason. It looks kind of good with black as well. But yeah, they are here so we should fix them. But let me know how it is with only black. Basically black mold you get dark. Mold gets exactly like I like I saw you guys writing in the beginning. This is dark mold for good morning Krypto. Oleg’s as he means the screen. I know, man. I miss the screen, too. I mean, this green screen. No, no, no. Not green screen. Not green screen. I need this to do to feel premium. Look, I come here every day. I cannot come to a green screen that it looks like some kind of, you know, some kind of garage or something, some kind of basement. In this to be nice, to do nice screens. So that’s why I’m not doing green screen. I have done green screen in the past. I’ve tried. But it’s just that look, it’s I don’t feel like a professional when doing that. I need to feel like a professional. All right. Moving on, guys. Moving on. We’re talking about Mr. Kristo. Big shout out to Mr. Cristol, by the way. Go subscribe to his channel. I would like I would like to talk about his concerns about Bitcoin being regulated. And he’s very bearish. Look, if you read his Twitter, it’s very bearish. We’re gonna not really perform well, according to him in these times, especially because the government is gonna come after Bitcoin. So he’s saying that you guys remember that they tweeted a post a few days ago where I said governments will come after Bitcoin like they did with Swiss bank accounts, with Swiss bank accounts. And that’s happening right now as well. He’s saying because we saw this lawsuit yesterday that we covered on this screen. Look, have covered on this on the show. What’s. I’m thinking too much about the broken screens on the show. We covered this lawsuit yesterday. And he is basically saying that, hey, look, they’re gonna come. It’s a question of time. Elik, largely, largely. I do think that there is not a gun that can begin to regulate the gun to regulate like crazy because look at India and India. They tried to ban the central bank, tried to ban it. All right. And so when they did, what happened was that the Supreme Court stepped in and said that this is not OK. Look, this is a liberatory. You’re breaking liberties so you cannot ban bitcoin. But they can try of course, try to regulate it like crazy. Like crazy. So that’s what probably will happen if and only if we don’t have massive, absolutely massive success until 2030. That is basically the deadline that I set until 2030, because it’s like with all other tech there is disruptive that is making the establishment a bit uncomfortable. It’s way easier to shut down something small, something that has just a few users. And you can also say that they’re using it for illegal activities. It’s easier to sell the ban to the general population and therefore you have a limit on the amount of time to make this bigger, to make this worldwide. The good thing is that the guys over in the traditional financial industry, they’re helping us. They’re helping us the most. Themselves, by the way, the malls themselves. Because I think when you see stuff like this, like smart money and this is a project by its year to every and look, basically this is for insurance for insurance use case. I’m going to show it to you here. And they’re wanting to create Fiat. Fiat that is programmable in the way that when you receive a payment, for example, whether it is an insurance claim or whether it is that you receive welfare from the government, they want to be able to program it and say, for example, you cannot spend this money on anything except except food and the rent because you are on welfare. So you’re getting a welfare check. We want to ensure that you don’t go out and buy like, I don’t know, like some kind of leisure. You don’t go into vacation with that money. So when so when that happens, you will see people really feeling that Hema is digital payments. How can they do digital payments without without having all of this mess? And does Bitcoin? So does Bitcoin. That is open cryptocurrencies. Now we have another important, important development from the EU with European blockchain, the serious infrastructure also. Look, there are few use cases they really like. One of these cases is digital cash. Another use case is, of course, this whole programmable money for insurance or for welfare and for taxation, obviously, automatic taxation. And the third one is that that is the first one. That is the first one. Digital casualty program, welfare. And the second one is identity. So when it comes to identity, there is this project, Finzi, that seems to be focusing more on identity and that it is basically starting in Finland and began to have the financial sector and the industry sector altogether coming together and running a hyper ledger network. So know this permission based networks like hyper ledger, they can run their own their own permission ledger on which they going to try to launch this project with decentralized identities so that they instead of having your passport and your identity, just being in your passport is also on the blockchain. It’s also like everywhere else. And if you go to a hospital and you don’t live in the country where you have that hospital, they will still get all of your information because you have that identity. So they will be able to fetch that information associated with you from other from other hospitals, like, for example, for example, you get the point, basically. Sovereign identity, decentralized identity. So, look, gets a lot of things are happening. I’m going to pay more attention to everything that is going to be going on in this traditional space. Why? Because honestly, I didn’t think they would have so much going on. I did not think they would have so much. But lately, I’ve been speaking a lot with the corporate side. You know that one of our alumni is in our academy is the head of blockchain at Ericsson. So he gave us a lot of insight in about what they are doing and what they are working with. And they are working a lot with both open but also permission based blockchains. And so I’ve been speaking a lot with that side. And look, it’s more than you can expect. Obviously, it has nothing to do with the type of crypto and blockchain where we’re speaking about normally. But it’s important to keep an eye on. It’s important to keep announced the as head of blockchain at Ericsson, a multi billion multinational company. Our our academy is Leweni. You took the business master class and really, really became successful in the corporate world. And look, it’s our three is hyper ledger and ar3 core. They’re very big. And also you have all of discussed them all discussed. And projects like Finzi running on top of hyper ledger and or like smart money, which is kind of its own. It’s not necessarily that they’re eating even using blockchain. And all of this is still in the research phase and all of this is still super early. So we’re going to see exactly what comes out of this. But what’s important is that we do see McKinsey estimating that it’s going to be until 2023 that all of this corporate projects really start showing something that really go from idea to implementation and and the adoption in the traditional corporate space. So we’re going to keep an eye on delegates. It’s important. It’s important because, look, there are also opportunities there. If, you know, crypto and many of you guys, of course, want to go full time crypto. And this is kind of on the border, what is crypto and what is not crypto. But there are many opportunities. Look, it’s a multi, multi billion dollar industry just educating all of the corporates about about what it is and how it works. Now, it’s a hundreds, hundreds of billion dollar industry when it comes to the implementation space. But obviously, you got to ask the ethical question. I mean, what kind of future you want to see. So at the end of the day, what’s important is to focus to solve this, to solve this with open, permissionless and end global cryptocurrencies. So that’s key. Yes, that’s absolutely, absolutely mega key in our current environment. So I guess that is how that is. That was the topics I wanted to cover today. Also, we have another one, the bolt maker, which is also quite important, and the maker, Dow Foundation, basically want to remove themselves from the equation. On Thursday, they had this call where they discussed how is going to be. And the fact that they have different plans. So Plank one is that they’re going to have elected better paid contributors and they then make the improvement proposals. And all of this basically needs to remove the Maker Foundation from the equation. They basically don’t want to play a central part in the maker and die ecosystem. Why? Because we have a lot we have a lot to do in terms of decentralization. Make it that ecosystem could be even more decentralized if we remove if we remove the foundation. And also, I think it’s very good and very nice for the members of Microdot Foundation, because, look, they don’t need to be under pressure. They don’t have to be under pressure because they’re kind of the head of this big successful project. Like, for example, room Roon Christensen, I think is your vision or something room. Christensen I mean, obviously, he doesn’t want to be the face of all for this whole digital, digital, global, stable, quiet revolution without any central entity. So that’s why that’s why I think look, guys, I’m going to throw a quick text and I’m going to tell the guys who did the screens to to come as soon as possible. I want to do it right now because it’s 9 a.m. in Sweden. And I want just to make it fixed very, very quickly. And then we’re gonna do Q&A. So just give me a minute. To go do some push ups, guys. Got a five, five minute, 15 minute, five second push up. Let me just sit. Man, we’re going to get that fixed. Doo doo doo doo doo. Bird, OK. brotton. Perfect. All done, all done. Yes, let’s do it. We have the chat. What are you guys doing? Let me try one thing. I don’t want to mess up too much, but I’m just gonna do it as as an experiment to shut it on and shut it off again. So, yeah, I have the screen here. Yeah, it’s. Is it working? Not yet, anyway. Let’s do the Q&A. Yes, let’s work on that. How are you guys doing in the chat? It’s midnight here. Can you do push up to. Yeah, you can do tomorrow as long as you the bishop. It’s OK. You can do it tomorrow. Questionable statement. Be very, very careful. Careful. Taking the next step forward. We’re on the edge of a cliff. Well, I don’t know if you’re speaking about the current situation with with with the car driving down the cliff and the fact that we have a brick wall somewhere there down the cliff. But yes. Be very careful, guys. Decentralized, autonomous organization. Yes. That is the Dow. That is the day, though. What would you call the oral topic before you talked about maker Dow? Man, I don’t know, Nate. So what topic we talked about make Dow. And before that, we talked about the the Fiat, the programmable Fiat. You can call it programmable fiat. A corset. So nice. Thank you so much for doing this timestamps, by the way. And guys, if you wanted to timestamps, please check the link below. If you’re watching an amateur at the com slash live. You find this link to join timestamp group. So we’re gonna organize this a bit better in the group. Let’s see. I’m getting a beer belly again. Should go running around Fabricio. Is the lockdown on lockdown? It’s very difficult to not get a bit overweight. I can tell you that. But it’s important to work out. That’s what I’m telling you to do. Some pushups on mining. Ivan, you think it’s always interesting in 2020? Is it okay or too late? Well, it’s all about what you might get. You guys don’t only mind bitcoin. Go to what? To mine dot com and figure out what you should be mining. And you can input basically your configuration of mining and then you will get the different like coins you can mine then. Yeah, it’s it’s important. And you can input your your electricity and everything. But look, it’s a very small margin business. It’s not really it’s not really a quick return. You got to also be believing in the future of crypto. And the price appreciating in the future, if you don’t believe if you just want to mine and dump instantly, it’s not going to work out for you very well. Because in that sense, you understand that the market for mining is so efficient because it’s so easy. You literally plug it machine into the outlet and you start mining. So it becomes very, very professional very quickly. So you got to be investing a lot and there are many people also investing a lot. And there are all these smart merchants. People are trying to push the margin. They have a bit better infrastructure, a bit cheaper, cheaper electricity. But look, mining is a business with very small margins. And so whatever coin you pick, by the way. So the only thing you have is the price appreciation in the future. If you want to have like big rewards, it’s only if you believe that the prices are going to go up. And that’s the only way it makes sense to mine. That is why miners are mining at a loss. In many cases, they’re mining on credit. They’re mining on loans. Why? Because they believe in the future. And that’s why the hash power doesn’t go through the floor. When we have a bear market, then the and the prices go down, prices, hashrate still go up because we have better machines with better equipment, we have better A-6. That’s one. But also that the miners are just the for the future. They’re not really dumping a lot. So, yeah. Did you watch Pompe interviewing season? I didn’t. Not not lately. I think maybe in the past. Oh, man. Let’s see if the guys have answered. Oh, yes, they can. Yes, yes. Man, they can come quickly. That’s a good man. The screens. Oh, what’s up with the timestamps, Nikola? Well, we’re doing timestamps. That’s when people watch on YouTube. They can click around. Do you have non-native students who have joined your academy and become a blockchain manager? Yes, we do have nonnative students, for example. Look in our testimonials. Go check Asymptote out here that come and look, for example, of this video about Juleanna. He had not progams, she had no progam experience, joined the academy and now works full time as blockchain developer. So you can watch this full video, how you’re adding blockchain. Blockchain was very new. There was a lot of fundamentals because by the time I. Anyway. Anyway, you can watch the full video, go to kazimir down to the com. Also watch this one. I mean, this one is really a true sign of the success of our academy. I mean, we’re so proud for Joumanah. He works as the head of blockchain in the multibillion dollar Swedish corporation. Ericsson man. I mean, this is this is amazing. This is what we work for. My name is and Francesa and I belong to Ericsson. And I have the pleasure to lead the blockchain forward. For example, you know, when I started in anyway, say you can check yourself. Look, it’s a lot. It’s a lot. A global citizen. Ivan, what is hash bar? Look. Good question. Is the fundamental. Good question. Hash power is how fast we tried to guess the next block collectively. So look, when you’re minding, you’re basically guessing random numbers and you’re hashing that random number with the contents of the block you’re trying to put into the blockchain. All right. So what does this mean, hashing? It means that you run an algorithm that produces a unique fingerprint for that particular block together with the random number. So you need the unique fingerprint for this data collectively. Now, the network has certain rules that you to guess until you get a certain number or a certain fingerprint below below the threshold of difficulty. Now it’s getting a bit technical. You go to Kazimierz, that commu will learn the way better. But I explained to nontheless. So. So you understand that the only way to mine the block is to guess a bunch of numbers. And then each time you get a number, run this hashing algorithm that will produce a unique fingerprint. Until that fingerprint is low enough. That fingerprint is a number. It needs to be below a certain threshold. The only way to get it below a certain threshold is to just guess and run the algorithm again and again. There is no way to predict. There is no way to predict what kind of random number or the so-called nonce, like Vassily says, what it needs to be. You can only guess so. Each such guess and each such run of the algorithm hashing algorithm is basically a you run the hash. So you run their hash. Now hash rate is how many of this guesses we can do collectively as the network, like all deminers, everyone. How many guesses we can do per second. So that is that is hashrate. And look, it’s so big. I don’t even remember like what kind of fight you measure meant to do this. One hundred and thirty six quantrill and hashes per second. So this was in March like the second. So it’s not like the the latest ListString the late. So look we’re talking about quintillion s of these guesses and you understand that’s per second. That’s per second. All right. So you know that it takes six hundred seconds on average to produce the next block to produce because it’s ten minutes. We have ten mean blocks block time, man. Why is it not working? So this basically means that if you have the accurate is like it’s it’s around that number is around that number that we saw on Google. So it’s a what is it. One hundred and thirty six quintillion. That’s per second. Now you’re going to take one hundred and thirty six quintillion times. Times six hundred to get the average amount of guesses needed to to mine the bitcoin block. So it’s one hundred and thirty six quintillion. That’s the hash rate per second times six hundred seconds for ten minutes. And then you get the number of guesses need that the number of times we throw around short-run fifty six to guess the next bitcoin block to get that into the blusher. Nate please email contact that. I will take this call. Thank you so much. Truly appreciate you. I truly, truly appreciate you. OK. I guess that does it. That’s it. Quentin not Quantic. Quintillion. Quintillion. Thanks. Thanks. Are you planning to introduce economic or financial classes? Yes. That’s the next Caesar. Does the next thing we basically need to create the course that explains to Bitcoin from the perspective of the Bitcoin standard. So that’s that’s that’s a very important jimmying. That’s when Superjet, too. Man, I hope tomorrow. We’re so close. If you’ve visited the space yesterday, you already saw that we have it working like it’s working, but it’s still baijiu. But if you’ve visited like during yesterday in the evening, you saw that we had like Super Chesil read it, but it’s so close. Can you see a screen actually are on there just showing off exactly the full moon they’re on and we see a full moon. Ivan needs an economist. Well, we don’t. We need to do a course. Michael teaches a course on the Bitcoin standard, basically, and we need to produce it because it’s a very important course to get people into the mindset of the financials of Bitcoin where you’ll be able to do crypto showboat. Yes. And from the beginning. No, but Ververs soon. Yes. We have everything. It will. You gonna you gonna have like if you gonna have Tron, you gonna have look at enough. We’re gonna have bitcoin because then we’re going to have with zero confirmation or we’re going to have lightning. But man it’s easier with if we’re going to do if the first. Maybe we will do Tron. I don’t know, maybe if Justin some wants a stake in our chat he can purchase and we can do trump payments. I’m joking. I’m joking. Thanks, Ivan. You are the pope is the halo is the hill. Look, you’ve got to find some positivity in the in the situation of the screens going bananas and they are bananas. But I don’t. That’s the good thing, is that the airport screening guests are coming. Okay, guys, thank you so much. Thank you so much for being here yet again. Guys, if you’re watching this on YouTube. I don’t know what you’re doing. I don’t know what you’re doing, to be honest, because you got to go to. I don’t know that com slash line. You’ve got to subscribe right there. You see read subscribe button. You see ellerson. They bolt. You’ve got to press alerts. You’ve got to press stations for telegram. And when you’ve done that, then you truly join the evangelic church. Welcome to the evangelical church. Bob. But Emeritus, says Latham forever. Anyway, guys, thank you so much. I really appreciate that you made it so amazing Monday. Let’s get it started. Final motivation from from the Fed. Let’s see if I can get the sound man and the sound in this. Yeah. Let’s go, guys. Monday, motivation fund. Wait, wait, wait. You don’t see. You don’t see it. Let’s go, let’s go. Yes, yes, yes. That was the sound. I don’t know why it didn’t work. I don’t know why it didn’t work in the beginning. But that is basically the motivation for Gerald Fowler. Yes, yes, yes. Monday, guys, I see old tomorrow, 8:00 p.m. Central European Time. Have a good day and goodbye. Goodbye. Goodbye. Goodbye. Goodbye. This.

source https://www.cryptosharks.net/bitcoin-to-zero-chamath-palihapitiya-day-of-reckoning/ source https://cryptosharks1.tumblr.com/post/614788351573327872

BITCOIN TO ZERO OR $1,000,000!!! Chamath Palihapitiya, Day of Reckoning

VIDEO TRANSCRIPT

And we’re alive, yes. Welcome to another episode of Good Morning Krypton. Here on Ivan Ontake, we are, of course, broadcasting life straight out of Stockholm, Sweden. And we do the show each and every day at 8 a.m. Central on Summerton. Yes, I come to like an atomic clock each and every day. Look, we have so much to discuss. Bitcoin breaking seven K. Also, we have this binary situation in Bitcoin. Either become super successful or it doesn’t become successful and it will be easy for governments to pursue it and to really try to take it down. So we’re going to have both bullish and bearish perspectives on the matter, because I think it’s very important that we covered the interest from Shamas, Bill IP Diop, Bill Uppity, sorry for butchering the name, but you know, this guy is one of the people who started Facebook. Since then, he has left this whole Facebook community and really started to work against them and saying how bad and how hurtful Facebook has become compared to original days. And now he is working a lot with technology. He is early bitcoin investor. And he basically has this idea that he either will go to a million or we go nowhere. And it’s so important to discuss because, look, the grandiosity of our plants are very big. The grandiosity over plants are huge. And we have to realize that that either we are successful or we’re not successful at all. There is no middle ground with Bitcoin, really, if you think about it, there is no middle ground. And many of you who are watching right now on islands don’t think that’s gone. Fleshlight Noel Redzepi, why it’s blagged, but because we couldn’t get the screens working. I told the guys here on I don’t think that Fleshlight is got to be saurus or rush out or something. They’re trying to mess with our stream. But you know what? It is Monday and nobody messes up my Mundus, not even the powers from from the establishment. And then all this creates I don’t have to fix them. Now, we do have some Mundie motivation from the Fed. And that’s the best thing about crypto in the bout and about the Internet. You have so many means, you have so amazing many Meemaw’s and many of them are so funny. So let me see if I can play to you. This basically fed pumping like crazy and the Powerwall is pumped. Obviously he’s pumped for action. And the. When I saw this, it will so find it. It’s also funny because it’s true. Whenever we have a new day, whenever we have a new a new week, we will see more action from the Fed and the look. If you watch this video, you’ll also also get the sound. I don’t want to use the sounds here, but there’s like Hardrock when he does it. And look, what’s important right now is to look at the bullish situation. We are very bullish right now. We are pushing 7 K, we are establishing quite well above it. And, you know, the 7 K has been this area of resistance. And if we can just establish ourselves above it, we might have a clear path to 8-K and above Bob. After that, I want to cover an important report about institutional adoption of crypto. Basically how Group 2 is right now performing in terms of institutional investors and wealth managers. And it’s very big and very important because we are growing a lot and at the same time we’re still so early. So there’s a lot of upside potential. Finally, I want to talk about Mr. Krystof. You know, many of you know him already. He’s extremely bearish on Bitcoin lately. I want to talk about it. He’s basically saying that, hey, just like Swiss bank accounts were shut down by the US and the Swiss bank account today, you know, is not the Swiss bank account. You add just that 10 years ago before the financial crisis, they changed a lot. How the Swiss bank accounts work because they had to comply with U.S. regulations. So we’re going to discuss this argument. That’s the same thing is going to happen to crypto. So Mr. Clifftop says it a lot and I keep reading his Twitter, so I want to comment on that. After that, we’re going to talk about maker Dow. We’re going to discuss some Fiat, programmable fiat, because you know that we have a lot of initiatives from all kinds of countries when it comes to building digital cash. And it has both to do with just national currency, but also just programmable fiat in terms of all for you not being able to do everything you want with the money. So, for example, if you have insurance and you get paid from insurance, they want to know that you’re not going to spend money on something else, that you’re actually going to go and buy a new car if the car crashed or whatever. Or if you get welfare, they want to know that you don’t go and buy something not useful with it. You buy food. Now, obviously, it becomes very totalitarian very quickly and we’re going to discuss it. So we have a few projects here I want to highlight to you in regards to this programmable fiat space. And basically governments trying to create money that they can program and they can really, really control. But that means, I guess, welcome everyone who is watching this. Like, how are you all doing? Welcome, everyone, on Idol Datacom Slash live. If you are watching on YouTube, you have already missed the livestream. We’re only we’re only left Schmoo. And I don’t take dot com slash live. Why? Because we’re taking this matter matter into our own hands. We’re not being some kind of vassals to some kind of platform. We’re only livestreaming. Here you have to go to Armenta dot com slash line right now. Subscribe. Their enablers enable delegate implications. If you’re watching here already. Just do it, dude. Right now, everything that I just told you. And welcome everyone in the chat. I see group to Yoda. Bernard Lee her fall as Latin forever. Krypto Vader. Guys, how are you doing, Michael? Gulp. Welcome, welcome, welcome, man. So amazing to see the chat. Really. The chat is amazingly, amazingly active today and that is exactly how it should be. What’s important right now is that we’re close to the having. Look, the whole situation with us jumping one order of magnitude with each hubbing can not be ignored, just like Plan B says. So Bitcoin has been oscillating about stock to flow value of seven thousand dollars for 2.5 years. SNAP. Now we’ve been around 7.5. Even when we went to 20K, you know, that stopped the flow really had a target of seven K. So we really overextended in 2017 18 we went to 20K. You remember that? And obviously we pulled back and now we been also seeing around 7 K for two and a half years. And just like before 2016 hubbing we were at three three hundred dollars just and before that we’re at six dollars. So as you can see, usually we jump one or two orders of magnitude from six to three hundred and and now from three hundred to seven thousand. So as you can see here, we basically did them and we add that that we went from once to hundreds like from single digit to hundreds, they would from hundreds to thousands. And probably this time around we’re going to tens of thousands. We’re doing another order of magnitude. And look at the end that we’ve got to have the end goal. And the end goal is that Bitcoin is significant part of the entire financial ecosystem and macro economics and everything in the world needs to have some kind of new reserve world currency like we discussed yesterday. All of this empires come and go. There is a world reserve currencies come and go. But but, but but what’s different right now is that we do have a united world in terms of commerce. We all want to trade with each other. It’s very frustrating when you have a currency that simply bans the full country because of sanctions or whatever is very frustrating for you as a merchant. I mean, why if you have a good that you want to buy, but you happen to be bored. You happen to be born in a country that is severely under sanctions. We cannot do business. And obviously the current currencies are being used for all kinds of political reasons. And therefore, the world needs a neutral, apolitical, a political mandate. And that’s going to be bitcoin or or we’re going to have the same issues we have today. We’re going to have the same problems. This Fiat experiment we’ve been handling for the past decades is coming to an then. And just like we’re speaking on by bit, we’re pushing seven thousand one hundred. So it’s doing extremely well today. Bitcoin now looking at the coin GEKO Web, the following situation right now we have bitcoin at seven thousand nine dollars on there by bit. We’re almost at seven thousand one hundred dollars. So as you can see, is being extremely, extremely bullish when it comes to future platforms and derivatives. While if you take average spot, we’re still just above seven K now. At the other top ten cryptocurrencies, we have the phone situation, a theorem, 0.8 percent up SRP zero point nine at Bitcoin, Casula point eight. So all in all, quite upwards. Quite amazing market, but nothing dramatic yet. We might see dramatic we might see dramatic moves once once this resistance really gets crushed and resistance is around seven K, but even though we’re above it, we need to close guys. We need to close the day above it. We’ve to establish ourselves. We need to basically signal to the market that, hey, 7:53 is in the bad guys. It’s in the bag and we’re ready to go higher. And if you’re chasing this, you can use by bit. So if you go and you check the link below, you will find bybee’s. If you’re watching on YouTube, you will see best crypto deals or best deals link. So click there. You’ll get there by bit link and you get free margins when you start there. And also you will find remix, remix and Vibert are very similar. But on Fenwick’s you can do gold, Lt.-Col and dazzles tracing and link trading. But on bybee’s you have more volume and you have more liquidity. So look, you got to have both at the end of the day because it’s good to diversify. So the advantage here is you get more coins and more assets. Advantage here is that you get more liquidity, but it’s good to try both. Now, once you start speaking sorry, once you start realizing the significance of the financial control that you and they are all being living under him, you simply go quickly to Bitcoin. I saw this news. I’m sure many of you have seen this. I’m sure many of you have seen this guy pleasant. GREENE A big YouTuber was talking about how Western Union banned him for life. So he was having a business working with Western Union. And just imagine this. This frustrates me the most. The fact that you have this unproductive business in old business, they have this unproductive pieces, pieces of old business. Don’t really do a lot. It is the payment providers. It is the payment processors that really are just shifting bits in their database. I mean, obviously the whole issue is that they do have their platforms built on outdated dinosaur infrastructure where they have to integrate with the banks. They have to have permission. They have to have all of these connections to even get started. Do you think if you sit at home in your underwear, in your living room, in your bedroom, do you think you can start the new PayPal or the new stripe, even if you’re the greatest programmer? You have the greatest programming experience and team. You won’t be able to do it. But but if you’re sitting in your underwear, you can start. Most of the businesses you could have started Google, you could have started Facebook, because it’s all about just building a product that works well here in the financial space. It’s a cartel. It’s a closed club. So there is no way to even enter it. All right. So that is the issue. You have this unproductive chains in the value chain, in the production chain. There are just taking out a percentage to rent seekers, by the way. So and it’s coming to mainstream now. People are getting tired. Do you think this guy would even speak about Bitcoin if he wasn’t banned from Western Union? No. And he mentioned bitcoin that bitcoin could be a good solution for his business. So at the end of the day, we are moving towards the situation where more and more people start to question. I mean, guys, do we even need all of you? You ban me. You are taking huge fees. Like many of them do, enormous fees. And so why do we need them? The issue is, of course, the situation with the with the customers. The customers are not really using Bitcoin yet. So does the issue for merchants. They’re not only forced to use all of these service providers because they are they are forced to to use the old banking infrastructure. They could use crypto. But it’s just that the customer the customer is not there yet. The customer is not there yet. Guys, we’re pushing 7.1. I seen the chat chat going. While you mind seeing that we’re pumping, we are doing that towards 7.1. Now let’s talk about Shamas. Sharma. Byerly. Happy to man. My amazing name. Amazing. Is it Indian or Pakistan or what is this, guys, if you know about this culture. Let me know in the comment section, in the chat. What kind of name is that? But Shamas Bilin Hoppity is a billionaire, right? He was one of the founders early employees in Facebook. He was one of the most important people in the early days of Facebook. And since then, he has shifted completely. You know, if you haven’t seen all of these videos where he talks about how social media is destroying us, destroying our lives, you should check it out. He has a very, very important video that people have made. Basically, they took different interviews from him and they they’ve created this video. And by the way, guys, in the chat, if you find that LinkedIn chat, I will share it on the screen. And if you all right now in the chat can find it. And right now, he’s also very heavy in Bitcoin. He has heavy bags. And his bags have been performing quite well because he bought at $80 and basically said that at one point he controlled five percent of Bitcoin supply. So we’ll see if that’s true or not. But all in all, he was on Pompe interview. All right. He was talking about the situation with Bitcoin and how we either go to 1 million or we don’t go anywhere. We either are successful. And success in our case means that we are truly, truly global. We are a reserve currency. We’re used as this neutral, apolitical power in the space or or probably if we’re gonna struggle a lot and we’re going to struggle a lot both when it comes to adoption. But when it comes to regulation, you know, it’s very easy to shut down something that is not successful. Imagine the Internet. Imagine how it is to shut down the Internet today. Impossible. People love the Internet. They use it every day. So success and wild, wild mass adoption is the only protection against the government intervention and against somebody tyrannically trying to ban your Netsch does the only prevention. Now, if you have a technology that gives people power, but it’s not really getting up to speed, it’s not really getting big. Then this, of course, very easy to shut down. So that’s kind of the way for bitcoin. Either we become big or or just like Mr. Kristoff says, like we’re going to discuss later on, this video is gonna be like with Swiss bank accounts that they’re going to try to do their best to shut them. But hey, Lizzie, let’s discuss it when we come to that topic. Now, what’s important is that he talked Shamas talked about the fact that we’re driving slowly, but we are driving towards a cliff and this cliff is inevitable. And obviously, he’s speaking about the monetary madness that has been going on right now for the past decades, if even since Nixon. Basically, this whole man has started with Nixon, removed the connection to gold and ended the Bretton Woods. So we’ve been driving slowly but surely towards this cliff, also known as day of reckoning. Really? That’s why I have it in the title at the end. Going to have a day of reckoning in the financial system. And then we’re going to drive much, much faster down that cliff or down that hill and at the end if we’re going to have a huge brick wall. So when you see all of this trillions being printed out of thin air, out of nowhere, we are driving down the hill. And the question is, when is that brick wall gonna come? And the really it’s a question that nobody can answer. If you don’t look at this close to, there is no way to re predicted. But you can look long term. You can predict long term, short term, who knows whether it’s going to be tomorrow or in a week or in a month. But long term, it’s inevitable if you really study it. For example, if you watch the channel, you know already a lot about what’s going on in the financial system. We’ve covering all kinds of topics every day. So that’s you guys. That’s very, very key. And so the path dependence for Bitcoin is if it looks like the basement is likely. So that’s the currency, the basement of dollar. It will really emerge as a flight to safety. And here he basically says this title, the title of this video that, look, it’s either zero or it’s millions. That’s where we’re going. And that’s what’s important to note, is that the chance of bitcoin succeeding has increased dramatically during the past weeks. So let him, by the way, zoom in on my face now that we are in the darkness, now that we have the screens completely destroyed by an unknown power. We’re going to do like this. So it’s a bit more intimate. So it’s a bit more direct. So it’s a bit more. More like this. OK. Yes. So you understand the following that with the everything that has happened during the past few weeks, we’ve seen an unprecedented increase in the success of Bitcoin in the potential of Bitcoin succeeding. So basically said in the article that that probability went maybe from 1 percent to now 5 to 10 percent. Can you imagine basically a ten x increase in probability of bitcoin succeeding because we didn’t really know how far we would go and how fast in terms of monetary policy and in terms of money printing. So that is exactly what’s happening. I see people in the chat saying that I have a halo. Yanga. So welcome to the evangelical church. Welcome to the evangelic church everywhere. That’s true. That’s true. Right, right. Right. So look, one digital currency is deemed safe by government. Bitcoin will move this shil book, Chiluba. That’s that’s for sure. That’s for sure. And it’s going to happen. The small countries, guys, the small central banks. They see the situation with the US dollar. They’re not liking it. They’re absolutely not liking it. And they see their opportunity, just like we discussed why the central banks will fall into Bitcoin. It’s just a question of time. They will formally in. To Bitcoin. You know why? Because they will see their opportunism. And at the end of the day, we will be having a game of musical chairs. It’s all about musical chairs. You don’t want to be the kid without a chair. It’s really some of the most traumatic memories many people have from childhood. You know, you’re playing this game of chairs and chairs are running out. There’s always one guy without a chair. You know, that you don’t want to be that guy. You’re trying to grab a chair as fast as you can. But it’s a good life lesson for the central banks because, look, once you have 1st central bank, it’s gonna be a small one is gonna be like Bermuda or some of the small ones. They get adopted first. They gonna move towards Bitcoin being in the reserves first. Why? Because they have nothing to lose. Look, they’re not incumbents. They’re not established. They’re not one of these banks that has already a lot of success. And they the guys like ECB, the Fed, they have most to lose while the smaller guys have most to win. So they will be the first one. And that is when dominos will start to fall. Then you have other banks like Bank of Japan also considering, hey, maybe we should buy a bit before the price goes up even more. And then it becomes who is the last guy, who is the last guy to get into bitcoin as a central bank? And there you have the musical chairs because the guy at the end, he will not get the chair. He will be buying bitcoin so high it will simply be impossible for him to get any kind of influence in the world with with that central bank. So, look, we are changing. We are changing the way manual works. We’re changing the way finance works. And it is inevitable. Yes, it’s inevitable. So I hope you understand now the reason why I have Bitcoin to 0 or a million is because, look, if we are here at 5 K still in 5 to 10 years, I think it’s gonna be easier, is going to be way easier for governments to take action because obviously they don’t want bitcoin. Obviously they don’t. There’s no way to shut down bitcoin, but it’s very, very possible to make it this weird thing that nobody wants to touch. And that’s so important that we really spread the education right now. And what’s good is that people are getting interested. We are in a very good trajectory and even big institutional investors are very interested in bitcoin. And that’s the next topic. Guess we’ll be talking about the institutional adoption of digital assets trading report. All right. That’s going to be the next thing. And how are you guys doing in the chat? Let me hydrate. Man, I need to call the screen guys so they can take a look. I need to call the screen guys. All right. All right. All right. You know, these screens, usually it’s like the screens on the airport. So I have to call the airport guys that do the screens for the airport to go in and fix it in the studio. For some reason, the first it seems like like the first screen that’s getting the signal is not getting it. I don’t know. Yes. They have been serving well for over two years. So that’s something I wish they lasted a bit longer. But look, what we’re seeing right now is the situation with Bitcoin being a digital asset that many serious traders look at and wealth managers. Thank you. Thank you so much for the compliment. Edward, nice haircut. Thank you. Thank you. Thank you. So what basically we have right here is a serving a research done by seeing me and Bitstamp and released this equity management intelligence that did it. But they did it inclination with some NCM me where they looked at what investors want. What is the state of institutional investing in Bitcoin? How is it going and what is the progress? Now, this is very important. I’m going to just talk about the important things. This is the most important thing in regards to to this research, and that is that there is a demand for bitcoin exposure, but there is not a lot of opportunities. So as you can see, you have Europe, North America and the AP Apex or Asia Pacific. Now, what’s important is that on this screen right now, we’re seeing adoption rate demand to broaden digital assets, scope and adoption rate relative to the demand. So basically the purple chart is how much there is demand to be exposed to Bitcoin as a wealth manager, as a serious investor. Now, the yellow line right here is the orange one. Is it how much you can actually do it? What kind of possibilities you have? And you see that in Europe, the demand is much larger than the possibility. Basically, there is so much more demand to invest than the industry can offer and open up in North America. The same thing. And in Asia, the same thing. So it’s very clear that there is more demand than we even have infrastructure to to handle right now. At the same time, you do have a lot of fears, a lot of concerns as well that still aren’t cleared. So number one concern for international investors is it is about security and the cost is the fact that you can be hacked. The fact that your custody might not be as safe as you think. And custody is a particular concern. And you can see this chart right here basically showing you all of the different concerns in this chart right here. Security of the exchange being the biggest one. Then you have counterparty risk with the exchange. If the exit scam or something happens or they get hacked, then concerns over custody. Basically the same thing, concerns over AML, KYC, not that big. By the way, concerns over a million ways it is there, but not that big. And finally, fear of reputational damage also. I mean, what kind of reputational damage? If anything, you will get reputation. You will lose reputation if you are too ignorant to even try. Bitcoin. That’s where you lose reputation because your clients, the clients that you’re managing the funds for, they’re going to come to you and ask, how the hell did you miss? Ninety nine million percent interest. I trust you with the money. What am I paying for? Nine million percent in bitcoin. And we missed it and we missed that asset. And I’m here with the stocks that have fallen 30 percent in the past month. And you didn’t take my money out of the stocks. And also you didn’t buy Bitcoin, which went up 9 million percent. That is how the customers are going to speak to their wealth managers. So it’s only it’s only one way forward for all of this wealth managers. It is to get exposed to bitcoin as soon as possible. And look, many of them are thinking in those in those patterns, of course. So here’s another chart, basically summarizing all of the different concerns. What’s important is also to ask yourself, what is the number one thing for all of these investors when they’re looking for a platform, when they’re looking for a platform to trade and to invest? Well, it’s not user experience. They actually care about that. They care about. Number one, liquidity. Number two, integrity and security, ease of connectivity. So that you don’t have to call to the traders. You can do everything in computer, for example. You don’t have issues with placing orders and so on, so forth. Thestructure, very important speed and performance. And then only then do you have user interface and user experience. So it’s not that important. The most important thing is obvious liquidity. So that is why you have Betamax. One of the ugliest exchanges on the market still being used a lot, even though they’re not very ethical in how they handle the situation to to to big extent. And even though they have not very precy why they have liquidity, that is basically the only thing they have right now. So they also listed the different exchanges like Bynum’s bith makes Bitstamp. What kind of exchanges are are people interested in? A bit makes. By the way, one of the hires because they have so much liquidity. So you see it’s still the liquidity is number one. You got liquidity. And the same is, of course, for digital assets. When you’re trading an asset, you want liquidity, but you also want volatility. You want to beat the volatility as well. So, guys, this is basically the report. And to conclude, I want to say this. I want to say this. We have a lot of opportunities and we still haven’t even started. So our survey suggests that the digital assets market is on the top of the cusp of significant growth. All right. From traditional trading firms, look, we’re still just on the cusp. On the cusp. Current adoption rates are relatively low, still low. People are interested. And 97 percent of all of the wealth managers that participated that are still not in crypto, they will reconsider within the next two years when they have better cars to do, when they feel more safe, they will reconsider. And 45 are planning to revisit the idea in six month or less. So, look, when they start when they come, it’s also going to be musical chairs. Really, Bitcoin is the perfect analogy for all of this musical chairs, because as soon as one of them gets into bitcoin, you see other all other Wolf managers, they all speak to each other. It’s a close community. They’re all networking. So you see a guy getting into Bitcoin. Another guy gets formal. He also gets into Bitcoin. It’s like this is this is usually invest in whatever startup, in whatever venture there is a friend invested in. They get formal. They get formal. Look, if you get formal, you haven’t seen the v.c formal yet, just like this. By the way, forward into old coins in 2017. But that was more Asia. That was more eastern. This is here. We’re talking about western and eastern like everyone. So you’ve got to understand, whenever they start, it’s going to be a very big inflow is gonna be a very big inflow because it’s once again game of musical chairs all over again. All right. So that was the second topic. We are on fire. For some reason, this screen issue gave me so much motivation to do this, a show with even more with even more intense energy. Man, it feels good. It feels good. It’s like I don’t like one little look. I wake up. I have my script. I have everything for bread. Then some kind of like small detail is not working like the screens. So like I saw it look, should we will have the screens for some reason. It looks kind of good with black as well. But yeah, they are here so we should fix them. But let me know how it is with only black. Basically black mold you get dark. Mold gets exactly like I like I saw you guys writing in the beginning. This is dark mold for good morning Krypto. Oleg’s as he means the screen. I know, man. I miss the screen, too. I mean, this green screen. No, no, no. Not green screen. Not green screen. I need this to do to feel premium. Look, I come here every day. I cannot come to a green screen that it looks like some kind of, you know, some kind of garage or something, some kind of basement. In this to be nice, to do nice screens. So that’s why I’m not doing green screen. I have done green screen in the past. I’ve tried. But it’s just that look, it’s I don’t feel like a professional when doing that. I need to feel like a professional. All right. Moving on, guys. Moving on. We’re talking about Mr. Kristo. Big shout out to Mr. Cristol, by the way. Go subscribe to his channel. I would like I would like to talk about his concerns about Bitcoin being regulated. And he’s very bearish. Look, if you read his Twitter, it’s very bearish. We’re gonna not really perform well, according to him in these times, especially because the government is gonna come after Bitcoin. So he’s saying that you guys remember that they tweeted a post a few days ago where I said governments will come after Bitcoin like they did with Swiss bank accounts, with Swiss bank accounts. And that’s happening right now as well. He’s saying because we saw this lawsuit yesterday that we covered on this screen. Look, have covered on this on the show. What’s. I’m thinking too much about the broken screens on the show. We covered this lawsuit yesterday. And he is basically saying that, hey, look, they’re gonna come. It’s a question of time. Elik, largely, largely. I do think that there is not a gun that can begin to regulate the gun to regulate like crazy because look at India and India. They tried to ban the central bank, tried to ban it. All right. And so when they did, what happened was that the Supreme Court stepped in and said that this is not OK. Look, this is a liberatory. You’re breaking liberties so you cannot ban bitcoin. But they can try of course, try to regulate it like crazy. Like crazy. So that’s what probably will happen if and only if we don’t have massive, absolutely massive success until 2030. That is basically the deadline that I set until 2030, because it’s like with all other tech there is disruptive that is making the establishment a bit uncomfortable. It’s way easier to shut down something small, something that has just a few users. And you can also say that they’re using it for illegal activities. It’s easier to sell the ban to the general population and therefore you have a limit on the amount of time to make this bigger, to make this worldwide. The good thing is that the guys over in the traditional financial industry, they’re helping us. They’re helping us the most. Themselves, by the way, the malls themselves. Because I think when you see stuff like this, like smart money and this is a project by its year to every and look, basically this is for insurance for insurance use case. I’m going to show it to you here. And they’re wanting to create Fiat. Fiat that is programmable in the way that when you receive a payment, for example, whether it is an insurance claim or whether it is that you receive welfare from the government, they want to be able to program it and say, for example, you cannot spend this money on anything except except food and the rent because you are on welfare. So you’re getting a welfare check. We want to ensure that you don’t go out and buy like, I don’t know, like some kind of leisure. You don’t go into vacation with that money. So when so when that happens, you will see people really feeling that Hema is digital payments. How can they do digital payments without without having all of this mess? And does Bitcoin? So does Bitcoin. That is open cryptocurrencies. Now we have another important, important development from the EU with European blockchain, the serious infrastructure also. Look, there are few use cases they really like. One of these cases is digital cash. Another use case is, of course, this whole programmable money for insurance or for welfare and for taxation, obviously, automatic taxation. And the third one is that that is the first one. That is the first one. Digital casualty program, welfare. And the second one is identity. So when it comes to identity, there is this project, Finzi, that seems to be focusing more on identity and that it is basically starting in Finland and began to have the financial sector and the industry sector altogether coming together and running a hyper ledger network. So know this permission based networks like hyper ledger, they can run their own their own permission ledger on which they going to try to launch this project with decentralized identities so that they instead of having your passport and your identity, just being in your passport is also on the blockchain. It’s also like everywhere else. And if you go to a hospital and you don’t live in the country where you have that hospital, they will still get all of your information because you have that identity. So they will be able to fetch that information associated with you from other from other hospitals, like, for example, for example, you get the point, basically. Sovereign identity, decentralized identity. So, look, gets a lot of things are happening. I’m going to pay more attention to everything that is going to be going on in this traditional space. Why? Because honestly, I didn’t think they would have so much going on. I did not think they would have so much. But lately, I’ve been speaking a lot with the corporate side. You know that one of our alumni is in our academy is the head of blockchain at Ericsson. So he gave us a lot of insight in about what they are doing and what they are working with. And they are working a lot with both open but also permission based blockchains. And so I’ve been speaking a lot with that side. And look, it’s more than you can expect. Obviously, it has nothing to do with the type of crypto and blockchain where we’re speaking about normally. But it’s important to keep an eye on. It’s important to keep announced the as head of blockchain at Ericsson, a multi billion multinational company. Our our academy is Leweni. You took the business master class and really, really became successful in the corporate world. And look, it’s our three is hyper ledger and ar3 core. They’re very big. And also you have all of discussed them all discussed. And projects like Finzi running on top of hyper ledger and or like smart money, which is kind of its own. It’s not necessarily that they’re eating even using blockchain. And all of this is still in the research phase and all of this is still super early. So we’re going to see exactly what comes out of this. But what’s important is that we do see McKinsey estimating that it’s going to be until 2023 that all of this corporate projects really start showing something that really go from idea to implementation and and the adoption in the traditional corporate space. So we’re going to keep an eye on delegates. It’s important. It’s important because, look, there are also opportunities there. If, you know, crypto and many of you guys, of course, want to go full time crypto. And this is kind of on the border, what is crypto and what is not crypto. But there are many opportunities. Look, it’s a multi, multi billion dollar industry just educating all of the corporates about about what it is and how it works. Now, it’s a hundreds, hundreds of billion dollar industry when it comes to the implementation space. But obviously, you got to ask the ethical question. I mean, what kind of future you want to see. So at the end of the day, what’s important is to focus to solve this, to solve this with open, permissionless and end global cryptocurrencies. So that’s key. Yes, that’s absolutely, absolutely mega key in our current environment. So I guess that is how that is. That was the topics I wanted to cover today. Also, we have another one, the bolt maker, which is also quite important, and the maker, Dow Foundation, basically want to remove themselves from the equation. On Thursday, they had this call where they discussed how is going to be. And the fact that they have different plans. So Plank one is that they’re going to have elected better paid contributors and they then make the improvement proposals. And all of this basically needs to remove the Maker Foundation from the equation. They basically don’t want to play a central part in the maker and die ecosystem. Why? Because we have a lot we have a lot to do in terms of decentralization. Make it that ecosystem could be even more decentralized if we remove if we remove the foundation. And also, I think it’s very good and very nice for the members of Microdot Foundation, because, look, they don’t need to be under pressure. They don’t have to be under pressure because they’re kind of the head of this big successful project. Like, for example, room Roon Christensen, I think is your vision or something room. Christensen I mean, obviously, he doesn’t want to be the face of all for this whole digital, digital, global, stable, quiet revolution without any central entity. So that’s why that’s why I think look, guys, I’m going to throw a quick text and I’m going to tell the guys who did the screens to to come as soon as possible. I want to do it right now because it’s 9 a.m. in Sweden. And I want just to make it fixed very, very quickly. And then we’re gonna do Q&A. So just give me a minute. To go do some push ups, guys. Got a five, five minute, 15 minute, five second push up. Let me just sit. Man, we’re going to get that fixed. Doo doo doo doo doo. Bird, OK. brotton. Perfect. All done, all done. Yes, let’s do it. We have the chat. What are you guys doing? Let me try one thing. I don’t want to mess up too much, but I’m just gonna do it as as an experiment to shut it on and shut it off again. So, yeah, I have the screen here. Yeah, it’s. Is it working? Not yet, anyway. Let’s do the Q&A. Yes, let’s work on that. How are you guys doing in the chat? It’s midnight here. Can you do push up to. Yeah, you can do tomorrow as long as you the bishop. It’s OK. You can do it tomorrow. Questionable statement. Be very, very careful. Careful. Taking the next step forward. We’re on the edge of a cliff. Well, I don’t know if you’re speaking about the current situation with with with the car driving down the cliff and the fact that we have a brick wall somewhere there down the cliff. But yes. Be very careful, guys. Decentralized, autonomous organization. Yes. That is the Dow. That is the day, though. What would you call the oral topic before you talked about maker Dow? Man, I don’t know, Nate. So what topic we talked about make Dow. And before that, we talked about the the Fiat, the programmable Fiat. You can call it programmable fiat. A corset. So nice. Thank you so much for doing this timestamps, by the way. And guys, if you wanted to timestamps, please check the link below. If you’re watching an amateur at the com slash live. You find this link to join timestamp group. So we’re gonna organize this a bit better in the group. Let’s see. I’m getting a beer belly again. Should go running around Fabricio. Is the lockdown on lockdown? It’s very difficult to not get a bit overweight. I can tell you that. But it’s important to work out. That’s what I’m telling you to do. Some pushups on mining. Ivan, you think it’s always interesting in 2020? Is it okay or too late? Well, it’s all about what you might get. You guys don’t only mind bitcoin. Go to what? To mine dot com and figure out what you should be mining. And you can input basically your configuration of mining and then you will get the different like coins you can mine then. Yeah, it’s it’s important. And you can input your your electricity and everything. But look, it’s a very small margin business. It’s not really it’s not really a quick return. You got to also be believing in the future of crypto. And the price appreciating in the future, if you don’t believe if you just want to mine and dump instantly, it’s not going to work out for you very well. Because in that sense, you understand that the market for mining is so efficient because it’s so easy. You literally plug it machine into the outlet and you start mining. So it becomes very, very professional very quickly. So you got to be investing a lot and there are many people also investing a lot. And there are all these smart merchants. People are trying to push the margin. They have a bit better infrastructure, a bit cheaper, cheaper electricity. But look, mining is a business with very small margins. And so whatever coin you pick, by the way. So the only thing you have is the price appreciation in the future. If you want to have like big rewards, it’s only if you believe that the prices are going to go up. And that’s the only way it makes sense to mine. That is why miners are mining at a loss. In many cases, they’re mining on credit. They’re mining on loans. Why? Because they believe in the future. And that’s why the hash power doesn’t go through the floor. When we have a bear market, then the and the prices go down, prices, hashrate still go up because we have better machines with better equipment, we have better A-6. That’s one. But also that the miners are just the for the future. They’re not really dumping a lot. So, yeah. Did you watch Pompe interviewing season? I didn’t. Not not lately. I think maybe in the past. Oh, man. Let’s see if the guys have answered. Oh, yes, they can. Yes, yes. Man, they can come quickly. That’s a good man. The screens. Oh, what’s up with the timestamps, Nikola? Well, we’re doing timestamps. That’s when people watch on YouTube. They can click around. Do you have non-native students who have joined your academy and become a blockchain manager? Yes, we do have nonnative students, for example. Look in our testimonials. Go check Asymptote out here that come and look, for example, of this video about Juleanna. He had not progams, she had no progam experience, joined the academy and now works full time as blockchain developer. So you can watch this full video, how you’re adding blockchain. Blockchain was very new. There was a lot of fundamentals because by the time I. Anyway. Anyway, you can watch the full video, go to kazimir down to the com. Also watch this one. I mean, this one is really a true sign of the success of our academy. I mean, we’re so proud for Joumanah. He works as the head of blockchain in the multibillion dollar Swedish corporation. Ericsson man. I mean, this is this is amazing. This is what we work for. My name is and Francesa and I belong to Ericsson. And I have the pleasure to lead the blockchain forward. For example, you know, when I started in anyway, say you can check yourself. Look, it’s a lot. It’s a lot. A global citizen. Ivan, what is hash bar? Look. Good question. Is the fundamental. Good question. Hash power is how fast we tried to guess the next block collectively. So look, when you’re minding, you’re basically guessing random numbers and you’re hashing that random number with the contents of the block you’re trying to put into the blockchain. All right. So what does this mean, hashing? It means that you run an algorithm that produces a unique fingerprint for that particular block together with the random number. So you need the unique fingerprint for this data collectively. Now, the network has certain rules that you to guess until you get a certain number or a certain fingerprint below below the threshold of difficulty. Now it’s getting a bit technical. You go to Kazimierz, that commu will learn the way better. But I explained to nontheless. So. So you understand that the only way to mine the block is to guess a bunch of numbers. And then each time you get a number, run this hashing algorithm that will produce a unique fingerprint. Until that fingerprint is low enough. That fingerprint is a number. It needs to be below a certain threshold. The only way to get it below a certain threshold is to just guess and run the algorithm again and again. There is no way to predict. There is no way to predict what kind of random number or the so-called nonce, like Vassily says, what it needs to be. You can only guess so. Each such guess and each such run of the algorithm hashing algorithm is basically a you run the hash. So you run their hash. Now hash rate is how many of this guesses we can do collectively as the network, like all deminers, everyone. How many guesses we can do per second. So that is that is hashrate. And look, it’s so big. I don’t even remember like what kind of fight you measure meant to do this. One hundred and thirty six quantrill and hashes per second. So this was in March like the second. So it’s not like the the latest ListString the late. So look we’re talking about quintillion s of these guesses and you understand that’s per second. That’s per second. All right. So you know that it takes six hundred seconds on average to produce the next block to produce because it’s ten minutes. We have ten mean blocks block time, man. Why is it not working? So this basically means that if you have the accurate is like it’s it’s around that number is around that number that we saw on Google. So it’s a what is it. One hundred and thirty six quintillion. That’s per second. Now you’re going to take one hundred and thirty six quintillion times. Times six hundred to get the average amount of guesses needed to to mine the bitcoin block. So it’s one hundred and thirty six quintillion. That’s the hash rate per second times six hundred seconds for ten minutes. And then you get the number of guesses need that the number of times we throw around short-run fifty six to guess the next bitcoin block to get that into the blusher. Nate please email contact that. I will take this call. Thank you so much. Truly appreciate you. I truly, truly appreciate you. OK. I guess that does it. That’s it. Quentin not Quantic. Quintillion. Quintillion. Thanks. Thanks. Are you planning to introduce economic or financial classes? Yes. That’s the next Caesar. Does the next thing we basically need to create the course that explains to Bitcoin from the perspective of the Bitcoin standard. So that’s that’s that’s a very important jimmying. That’s when Superjet, too. Man, I hope tomorrow. We’re so close. If you’ve visited the space yesterday, you already saw that we have it working like it’s working, but it’s still baijiu. But if you’ve visited like during yesterday in the evening, you saw that we had like Super Chesil read it, but it’s so close. Can you see a screen actually are on there just showing off exactly the full moon they’re on and we see a full moon. Ivan needs an economist. Well, we don’t. We need to do a course. Michael teaches a course on the Bitcoin standard, basically, and we need to produce it because it’s a very important course to get people into the mindset of the financials of Bitcoin where you’ll be able to do crypto showboat. Yes. And from the beginning. No, but Ververs soon. Yes. We have everything. It will. You gonna you gonna have like if you gonna have Tron, you gonna have look at enough. We’re gonna have bitcoin because then we’re going to have with zero confirmation or we’re going to have lightning. But man it’s easier with if we’re going to do if the first. Maybe we will do Tron. I don’t know, maybe if Justin some wants a stake in our chat he can purchase and we can do trump payments. I’m joking. I’m joking. Thanks, Ivan. You are the pope is the halo is the hill. Look, you’ve got to find some positivity in the in the situation of the screens going bananas and they are bananas. But I don’t. That’s the good thing, is that the airport screening guests are coming. Okay, guys, thank you so much. Thank you so much for being here yet again. Guys, if you’re watching this on YouTube. I don’t know what you’re doing. I don’t know what you’re doing, to be honest, because you got to go to. I don’t know that com slash line. You’ve got to subscribe right there. You see read subscribe button. You see ellerson. They bolt. You’ve got to press alerts. You’ve got to press stations for telegram. And when you’ve done that, then you truly join the evangelic church. Welcome to the evangelical church. Bob. But Emeritus, says Latham forever. Anyway, guys, thank you so much. I really appreciate that you made it so amazing Monday. Let’s get it started. Final motivation from from the Fed. Let’s see if I can get the sound man and the sound in this. Yeah. Let’s go, guys. Monday, motivation fund. Wait, wait, wait. You don’t see. You don’t see it. Let’s go, let’s go. Yes, yes, yes. That was the sound. I don’t know why it didn’t work. I don’t know why it didn’t work in the beginning. But that is basically the motivation for Gerald Fowler. Yes, yes, yes. Monday, guys, I see old tomorrow, 8:00 p.m. Central European Time. Have a good day and goodbye. Goodbye. Goodbye. Goodbye. Goodbye. This.

source https://www.cryptosharks.net/bitcoin-to-zero-chamath-palihapitiya-day-of-reckoning/

PRICING YOUR ART THE RIGHT WAY Part I: Expenses and Resources

Creating a beautiful work of art is hard by itself, but when it comes to putting a price tag on whatever we made, it does tend to get even harder for most of us artistic types. The question for today (and a few future blunders) is therefore: How much is creativity even worth?

If you ask somebody on Fiverr, well, it’s about 5 € give or take, on UpWork they’ll probably up that excuse of a pay-check to about 10€ or 20€, but I reckon (or at least hope) we can all agree that making whatever it is one does for a couple of beer’s worth isn’t really going to make anyone financially independent in the arts — or any other profession for that matter. Unless you’re literally selling single beers for the price of a couple of beers — this is, as far as I know, the only sound way of using this kind of business model and actually making a decent profit.

So, unless we decide to open up a barter brewery or intend to create a drop-shipping platform and/or beer exchange, there are better ways of tackling this issue and actually making enough to be able to sustain our lives and artistic production in the long run.

And today I’d like to share the method that works best for me; and please don’t worry, there’s minimal maths involved, and the few equations that we will mention are of the sweet, money-generating variety, that — in my opinion — makes them much easier to understand.

Let us therefore put on our green accountant hats (if you have one) and get down to business.

The core idea of calculating value of anything that we make is to first figure out the expenses that making art creates. The premise is quite simple here; we first need to know how much cash we’re actually throwing at a painting or sculpture or performance we’re making, because then we will know the bare minimum of how much it should cost for anyone interested in said artwork, to acquire it. 

In short; the goal is not to starve to death in the long-run.

But that’s also where the first big issue arises; it’s not just materials, studio rent and other “operating costs” we have to take into consideration, it’s our living expenses too! And this is where a lot of folks get it wrong and end up losing money on their work. 

Because, were we only to calculate based on our operational expenses — the expenses we have due to making our work — our sales would only reimburse that segment of our lives. Our eating, sleeping and not-freezing-in-the-winter demands would not be part of the equation, and especially if you’re living in a place where food isn’t growing on trees all-around you and you’re also living in said tree with 365 day long summers to support you, this quickly becomes an issue.

To adequately adjust our price, we therefore need to think about us as a being; everything we need to survive and thrive on a daily basis needs to be accounted for, because without it, over the span of a few months or maybe years, we will not have the required energy to produce our art.

To start it off, the best way in my opinion is to first put down all of the basic necessities of life; food, water, rent/mortgage payments and all the inevitable costs of being a homeowner (if you are actually one), the cost of transportation, kitchen and bathroom essentials — like a bottle of Main ’n’ Tail shampoo, made for people and/or horses (just as a reminder to never take life too seriously) — and everything else in between. 

The point is to really take your time and figure out everything you spend your money on and a generous estimation of how much money per segment is actually being spent on a monthly basis.

My calculations look a little bit like this:

I divided my costs into a spreadsheet with the following segments: Longterm Investments (this is first for a reason, because 70 year-old you will thank you for it when the economy goes haywire and your pension payments start bouncing), Rent, Food and Health, Home Necessities, Car and Transportation, Digital Services and Telecommunication, Computer and Tech Equipment, Photo and Video Equipment, and Holidays and Fun Things (you’ve got to have those).

All my expenses are adjusted to a per-month basis; this means that anything I use every month (like rent, computer and camera equipment) is divided up into monthly segments. With rent, this is quite straight forward; you pay it every month and therefore you full payment should be in the spreadsheet.

With computers and cameras it gets just a bit more tricky, because — unless you shower with your laptop — you won’t be needing a new one every month; therefore you need to set a realistic amortisation period (the stretch of time any piece of equipment lasts you).

For my Mac I have an overly-conservative 3 year period (it’s my 5th year currently, but this way I can adjust for being a knob and accidentally pouring coffee over my laptop’s keyboard down the line). Then I divide the cost of a new computer by the amount of months (36 in my example) and what I’m left with is the monthly cost of my computer (for me it’s about 100€, because Apple is currently being lead by blind, money-hungry idiots).

When you’re done, you just made an analysis of your “fixed costs” — the costs or expenses you have, regardless if you use the space(s) and equipment for making art (and consequently money) or just binge-watching Netflix. 

The other kind of expenses are “variable expenses”, as the shirt and tie people like to call them. These are all expenses that occur only if we use up the materials they provide; paint tubes are variable for example, because you need to actually use them to run out of paint and therefore having the need to buy more.

Similar to fixed expenses, variable expenses can occur on a monthly basis (like toilet paper and shampoo) and over different periods of time (like fuel for your car if you live in a city with semi-developed infrastructure and only fill it up a couple times a year, but still have to have one, because the buses take an hour to travel 10 km distances).

Here, we again need to calculate each expense and then adjust its price by dividing the total price with the total amount of months that particular expense will last us.

You can even simplify it, and not think about fixed and variable expenses that much; just figure out all the various ways by which your cash is leaving your wallet or bank account and adjust each one of the various streams to a monthly amount. 

And don’t forget to include the not so obvious expenses like gifts, insurance, drinks and nights out and everything in between; the more in depth your expenses are formulated, the better and especially the more exact your final result will be (you don’t want to figure out down the line that you actually spend 300€ more per month on bagels than you thought — tough delicious, both finically and health-wise, this can obviously become an issue in the future).

Now that we have all of our expenses (living and working expenses that is), we can get to the real juicy part of our analysis: we need to figure out our resources and we’re starting with the one that all of us have in abundance (unless you’re 80, then you still have a decent amount left).

Time is the only really scarce resource we have and the most important one for all creatives; the point of making creative work is putting our time and attention into a problem and figuring out the best way to solve it.

You can’t outsource your creativity, because you can’t really outsource your own time; you can surely outsource your non-creative work, like writing emails, taking calls and making appointments. But the creative part, that’s impossible. Otherwise the value of creativity would drop to zero, because everybody could do it — there’s a reason why Seth Godin, Chris Do, Spike Lee and the myriad of other propagators on the importance of creativity talk so highly about it.

Also, we creatives always tend to be short on cash, so focusing too much other types of resources doesn’t really make sense for now.

Back to our calculations!

We ended up with the total amount of expenses (mine for example, because Slovenia’s living standards aren’t that high — at least compared to London or New York — are in the 1.500 € – 2.000 € per month ballpark, yours will depend on where you live and how much stuff you want/need in your life).

Now, we need to figure out the value of our time; for me, it’s by the hour, because it makes it easier to calculate my expenses for each particular project, but if you want you can also use a day as your variable — especially if you can’t easily switch between working on different projects and actually need to segment your work on a per-day basis to stay focused.

To give a bit of context, the calculations we are making now serve two purposes; one is to define the minimal value of one hour or day of our work, and the second one is not to starve.

But, because we are not machines (unless you’re one of the 14 bot accounts that I have found so far, which are for some reason subscribed to my social accounts and mailing list), we cannot work 24 hours a day or 7 days a week. Not in perpetuity at least.

We therefore need to set a maximum amount of time we are prepared to work. This time also includes all research and “non-making” activities, like taking long walks and thinking about your work, because they are all needed to create the finished work.

For me — because I fear boredom and leisure time like medieval folks feared bathing — it’s about 80-90 hours per week, for you it’s however much you are prepared to work and wherever your work/life scales are tipping towards.

By the way, there are 168 hours in a week in total and about 720 in a month, if you’re calculating that way.

The goal is to be realistic, and I can’t stress this enough; it has to be realistic, because if you just want to work 50 hours a week but end up doing 20, you’re not going to get by in the long run and will not be happy with your pay either!

Let’s say you decide to work 40 hours a week and enjoy the other 128 by socialising with friends, eating, sleeping and everything else we humans like to do. That’s 8 hours per day, excluding weekends.

There are about 4 weeks in a month, so 4 x 40 is about 160 hours of work per month. If we now take the total sum of our monthly expenses and divide it by the total sum of hours we are prepared to work, we end up with about 10€ if for example our total work hours are about 160 per month, and our total expenses about 1600€.

We are now left with our own personal minimum hourly-wage requirement.

Note, that if like me, you’re working on making enough money to survive as well as on your own project to eventually be able to stop working for food-money (financial independence), you shouldn’t divide your total expenses by your total work hours — only with the amount that you are willing to put into making enough cash to survive during the time you are working on your future.

In other words, it’s the difference between how much your day job or whatever commercial projects you do take up your time, and the total amount of time you spend working. For me, it really depends from month to month; sometimes you get a high-paying project that you can live off for a couple of months, but only need a few weeks to complete, and sometimes you’ll work 40 hours a day for a month, just to pay the bills.

If we now get back to our personal minimum wage, we can of course modify it to be higher (but, by the love of logic and/or any deity you’re fond of, not lower), than the average hourly rate in our industry is.

For example:

If you’re a frugal website designer monk that works 40 hours a week and only need 400€ per month to survive (and for some reason have access to the required web design tools and equipment), your time shouldn’t be worth less than comparable web designers in your area or market segment, that have higher monthly expenses.

You can always set your price to about the average price of everybody else and use the surplus of cash to fund your other goals (like having LAN parties at your temple or getting high-speed wi-fi to all the monasteries in your country).

But you could also do the same by just knowing you are (and actually being) better then most other professionals in your field; a good painter should not charge less than a bad one, the bad one shouldn’t charge at all if you ask me. 

To conclude this maths-heavy blunder (I apologise, but it’s incredibly important to understand these things to flourish as a creative) the point is simple: Know how much you need to survive and thrive and how much you are prepared to work to get it.

And in the next one we’ll take a look at the way other resources interact with our way of making art, how we can use added value as a variable to get more for our work and how to apply our personal minimal hourly-wage to calculate consistent and fair prices for our art.

from Surviving Art https://ift.tt/30mFVI7 via IFTTT

A recent cycling class that was part of a Black History Month Celebration Bootcamp was filled with a variety of music by Black artists. At the end, Peloton instructor Tunde Oyeneyin looked directly into the camera and said: “Black is salsa, Black is reggae, Black is hip-hop, Black is house, Black is Afrobeats, Black is country, Black is pop, Black is excellence.”

The 30-minute class was taken by tens of thousands of Peloton members on a platform that reaches more than 4.4 million people around the world.

The music Oyeneyin chose for her classes was intentional. She said she likes to bring the sounds she grew up with to the bike. “I think it widens our aperture and our ability to speak to different communities,” she said.

During a quick stretch that precedes her sweaty, challenging class, Oyeneyin tells riders, “We talk about, often, the struggle of Black people, but it is important that we celebrate, honor, we recognize our resilience as well.”

Oyeneyin shares her personal experience as a Black woman with members, and that experience has shown her how much representation matters in every facet of life. “To be able to wear my hair in a natural state on this platform — that means something to so many people,” Oyeneyin said.

She said she often receives messages from Black users expressing gratitude for her prominence on the platform.

Feb. 25, 202104:15

As the Covid-19 pandemic has restricted or shuttered gyms and group fitness classes, people looking for ways to stay fit have created home gyms, turned to streaming classes and have sought the wisdom of fitness influencers. But the most visible leaders in the fitness world don’t always reflect everyone on bikes and yoga mats, and that can include a lack of racial diversity when it comes to instructors, some in the industry say. Just like in other industries and institutions, Oyeneyin and her fitness instructor peers know systemic racism persists within their world.

Ashley Mitchell, a wellness professional and the co-founder of the Courage Campaign, said addressing racism within fitness spaces is “not as simple as making fitness free, it’s not as simple as hiring more Black instructors.” Mitchell said there is a lot more work that needs to be done in order to see real change.

The fitness world is “just another manifestation of systemic racism,” Mitchell said. “It’s about what’s in your neighborhood, what’s around you. It’s about health and wellness marketing. It’s about free time.”

Mitchell’s mission through the Courage Campaign is to teach students at under-resourced public schools about courage, resilience and agency through movements, discussion and journaling. She stresses the connection between fitness and activism. “When you feel strong and when you feel powerful, I think that that permeates through other areas of your life,” she said.

While there is hope that the racial reckoning many had throughout 2020 will make a difference, Mitchell says that “we’ve seen a lot of performative actions from fitness instructors and from fitness studios.” Her message to studios and CEOs: step up to the plate. “I would really love to see more. I would love to see better.”

With more people exercising at home because of the pandemic, Mitchell says she is seeing “a lot of Black and brown people becoming entrepreneurs instead of being attached to a studio.” She explains that “people are tired of waiting for someone to give them a chance. We see the gap and so we’re rising up, and we’re just taking that chance for ourselves.”

Destiny N. Monroe, founder of Raw Fitness and an Army veteran, started her own digital personal training company last July.

“I create my own lane for myself and attract those who want me on their brand.” Her tactics for dealing with discrimination and unrealistic standards within the fitness industry include “having a resilient attitude and just keep pushing forward.”

While some may be realizing the persistence of racism more recently, Monroe reminds them that “Black people did not appear in 2020, we’ve been here.” Monroe said fitness companies should “include us in, and if not, then we’re just going to keep making our own path and making our own way, but the difference is, we’re going to include everyone, because that is how you do it and that is the way to go.”

Monroe has nearly half a million followers on her Instagram @dnicolemonroe where she posts daily workout challenges, but she also uses her platform to fight for justice and equality. “Why wouldn’t I put my voice out there? Because at the end of the day, my voice, my people, is bigger than this fitness. So I make sure to use my platform in such a way that people notice that we matter.”

Chelsea Jackson Roberts, the first Black instructor for Peloton Yoga, had a full circle moment when the company announced its collaboration with Beyoncé to give students at 10 historically Black colleges and universities a free two-year digital membership. Jackson Roberts, who has a Ph.D. in educational studies from Emory University, founded the Yoga, Literature, and Art Camp at the Museum of Fine Art at Spelman College, an HBCU in Atlanta.

Jackson Roberts, who also celebrated the sounds of the African diaspora in a recent yoga class, said her prominence on the platform allows her to orchestrate classes that “create an experience that allows people to feel the fullness of their body in that moment, as well as using the breath as an instrument.” She believes the music in her classes is like “a symphony carrying us.”

The music Jackson Roberts uses in many of her yoga classes gives users the chance to celebrate Black culture as she encourages yogis to enjoy an Afrobeats or funk soundtrack while in a downward-facing dog.

Jackson Roberts recognizes the power her presence has on the app as she may be the only Black yoga instructor some users associate with. She takes this as “an opportunity to shift the narrative and a perspective for who qualifies as a knowledgeable teacher.”

Simultaneously, Jackson Roberts understands what her position means to young Black girls who are watching. “How dare I not use this as an opportunity to acknowledge my past in order to get rooted in this moment right now, to make sure that the people who come here after know that there’s something here for them.”

Jackson Roberts said yoga is “a way for us to connect our heart, right, to how we show up in the world. It’s a great way for us to get anchored in the breath before we speak out to whatever it is that we see.”

Follow NBCBLK on Facebook, Twitter and Instagram.

via Wealth Health

Spotify seriously needs to add a blocking feature

Algorithms don't understand when you break up with a band.

Calling it quits on an musician you once loved, or just ridding your life of a song or artist you've come to completely loathe should be easy, right? Not on Spotify.

Listening passively to terrestrial radio is rare these days. Our feeds and playlists are constantly being curated by algorithms that theoretically know exactly what we'll like. We should have the ultimate control over what we want to listen to, but there is sadly no way to block an artist on Spotify from ever playing one of their songs again.

SEE ALSO: How to organize your Spotify account

This lack of a blocking feature has always annoyed hardcore Spotify Premium users, but it has become increasingly problematic in the #MeToo era, where we have more reasons than ever to want to quickly expunge an artist from our view. 

Recently, Spotify announced a new public hate content and hateful conduct policy, noting that it no longer promotes music from R&B artist R. Kelly on its platform. Kelly has been accused by multiple women of sexual assault and is allegedly running a sex cult. 

"We don’t censor content because of an artist’s or creator’s behavior, but we want our editorial decisions — what we choose to program — to reflect our values. When an artist or creator does something that is especially harmful or hateful (for example, violence against children and sexual violence), it may affect the ways we work with or support that artist or creator," the policy reads.

What about Chris Brown, who was arrested for beating Rihanna? Does he get banned?

Is there any way to block Chris Brown on Spotify, any time I’m listening to playlists and he comes on I vom a little

— Annie (@_annieconnolly) May 13, 2018

For me, the issue really became apparent in November when a Facebook post about Brand New's frontman Jesse Lacey prompted two women to step forward and allege that he solicited explicit photos of them when they were minors. The accusations caused a reckoning among fans, who now looked back at the band they once loved with disgust.

Every time Brand New comes up on a Spotify playlist, I feel sick. I can't listen to the band any more, and every time a song of theirs comes up on a playlist or mix, I immediately hit the skip button. But it doesn't stop the band from continuing to pop up on mixes and playlists.

It's easy enough to remove a band from a playlist you've created by clicking on the three dots, and you can block a band from showing up on your Daily Mixes. But one of the best features of Spotify Premium is finding new music through Discover Weekly and its curated lists. Removing a band from those lists doesn't appear to be an option.

Spotify did not return my request for comment or information on a blocking feature, and despite many requests from the community, it doesn't appear the feature will be added anytime soon.

"After serious consideration, we’ve decided not to offer blocking/ hiding/ or blacklisting artists or tracks on Spotify at this time," the company stated in its community section in October 2017. 

can i block an artist on spotify premium? no? huh pic.twitter.com/5EqoxJ0DSe

— M'Bakukang (@janicag_r) May 15, 2018

Ah, yes. Just hit dislike and eventually, the algorithm will learn. Sorry, but that's not good enough.

An algorithm analyzing bands I don't want to hear isn't going to help in this case. It's not that I don't like music similar to Brand New. I just don't want to listen to them anymore.

I am definitely not the only person that wants this feature from Spotify. People want to block artists for all sorts of reasons. 

Hey there! Thanks for the feedback. This isn't possible right now, but we have more info about this on our Community. Check it out: https://t.co/3NtA9t3qV1. Give us a shout if you need anything else /HZ

— SpotifyCares (@SpotifyCares) May 14, 2018

how can i get spotify to block modern baseball and sorority noise from playing i never want to hear them again lol

— 68° // mostly cloudy (@civilexistence_) May 14, 2018

I feel @Spotify needs a blacklist feature for all those songs/artists you really dislike so they don’t sneak up on you in the middle of a great playlist jam

— Gretel Downey (@GretelDowney) May 14, 2018

Some users are also claiming the "dislike" function just isn't working.

No matter how many times I block @bobatl on Spotify he keeps popping up on my daily mix

— Nicky (@nickyneighbors) May 14, 2018

It's unclear why the major streaming services are  resisting the community's need for a blacklisting feature. Apple Music and Pandora don't have an easy way to block artists from ever showing up in your ear holes either. 

Playlists and mixes are a great way to discover new music, but if you know you don't want to hear something what's the point of forcing users to listen. 

Spotify, Pandora, and Apple Music did not respond to a request for comment for this story.

WATCH: Unleash your inner Jedi (or Sith) with this AR Star Wars lightsaber app

You Want A Nest For These Breeds Of Chickens

As long as you consider its performance and the sturdiness of the supplies to use, nothing can go mistaken together with your chickens. Writer: Terry Johnston Building a hen coop in your backyard needs to be easy and it can be. If you use straightforward rooster coop plans. Writer: James Harley Rooster coops are quite easy to construct. But when you discover it a daunting task to construct one from scratch, then it's important to have a information on easy to construct chicken coops to comply with. The explanation behind this is generally for convenience purposes. Most individuals would slightly spend extra time on elevating chickens than having to face the frustrations of attempting to give you probably the most suited coop. You can always resort to premade coops however the price it comes with will certainly hit the roof. Publisher: Paul Vincent Discovering it tough to start that hen coop undertaking because it seems so daunting for a job? It is not so and all you need is just a few easy chicken coop plans to follow. These plans will be your guide into the step-by-step building technique of your rooster home. Publisher: Shannon Clark If you're serious about constructing a rooster house, there are some essential elements to assess first. Understanding a number of the factors to think about before getting started with the development course of will help guarantee that you just get the results you're searching for from the building process. This is what to know. MONMOUTH — Romance novels usually have a ranch for the gorgeous backdrop as two individuals discover love. However an alpaca ranch? I don’t know if they’re romantic," said creator Maren Anderson, forty two, about alpacas. I believe they’re adorable. Why not an alpaca ranch? Anderson, an avid reader of romance novels, said she is interested in books with horses. There’s an entire style of romance novels on horse ranches," she stated. And so Anderson set out to rectify the situation. She wrote "Fuzzy Logic," which tells the life of a divorcee who strikes to the country and buys an alpaca farm. There’s definitely some lonely factors in the story," Anderson mentioned. The ebook is set in the Willamette Valley. Going from the nation to town, the heroine, Meg, has to acclimatize to the true darkness one experiences without nearby neighbors or city lights. The problem she has is, she has gone by way of a pair nights of being really lonely, after which all of a sudden, it’s raining men," Anderson said. Sports fans watch video games, clips, tournaments and every attainable telecast on youtube which maybe wouldn't be accessible wherever else. Youtube videos are a paradise for music and movie lovers. You'll discover videos associated to any topic, each live performance, performances, movies in elements, quick films, adverts and more. The video quality of youtube is ok for Computer viewing and the pace at which you can stream videos will not make you are feeling restless. Not too long ago, youtube took an amazing leap with stay streaming of sporting events. Youtube videos are also an ideal platform where amateurs can exhibit their expertise. For example, a budding guitarist will make a video at home and may add on youtube, the place many people would be able to acknowledge the talent and touch upon to make the piece better. While photographs are straightforward to mail and share, it's tough for videos to share. There Youtube Videos play an essential position and associates and household can watch videos in all elements of the world. Rafiki ought to have been black. Rafiki ought to have been black and female. Lastly and not at all leastly is our stunning Rosa. Rosa is the primary Patou offspring of our first herdsire Cambridge Columbus (or Clump) as he is known right here (Amyrick beat us to the first Clump cria with the gorgeous Erica). Rosa's mother is Priscilla, one of our foundation women and we're very pleased with Rosa. With in all probability the finest fleece of all of the cria right here she is coming on very nicely and searching quite brown under all that fawny fluff. Time will tell however I reckon Rosa may function closely in the way forward for the Mighty Patou. We now have her lined up for a liaison with Qjori subsequent yr. She is slightly sweetheart. So there now we have the lovely Patou fawnies. Hopefully that has righted an imbalance right here. I could also be blogging again tomorrow. I've been incapacitated in an alpaca related accident which implies I am at house all week. Nevertheless, on Sunday, Sue, Angus and myself are off on our annual vacation. I will reveal all over the next couple of days. Do not nag, I need to drag it out, as I've said I'm off work, incapacitated and want stuff to maintain me busy that I can do sitting down. How I wished I may remember learn how to knit! With these expertise, you may protect your self and your loved ones from any terrible Female Alpacas for Sale attacks. Writer: Charles Gunn Say the words self protection and many persons think of a robust muscled man taking on a gaggle of imply looking guys intent on physically destroying him. This is an excellent scene for a movie however self protection is way over the drama we see on tv or on the motion pictures. Self protection is using pressure to guard one's person and property from harm. On the face of it, this is a really affordable place to adopt, however the law will take challenge with anybody who applies more than cheap drive. Writer: William Gabriel Stretching is a crucial part of any exercise because it helps put together the physique for a full heavy workout. It's not any completely different in self defense coaching. It is important that you stretch your muscles in order to increase their elasticity and stop injuries and muscular pain afterwards. Take notice nevertheless that martial arts is an intense workout that atypical stretching may not do the trick. If you have any inquiries concerning the place and how to use alpaca farm in michigan, you can speak to us at our own internet site.

Why I Will Only Post Positive Things On Facebook Ever Again

By Peter Kremidas

I. Bipedal Nomads Who Can Send Thoughts Worldwide At The Speed of Light

Historically speaking, we have only just started playing around with the internet in general and social media in particular. I think we’ve done, or at least I have done this, without much thought as to how powerful these tools truly are or how to use them responsibly.

I think we have a responsibility to really think about, to have an honest conversation about, how we use it. And then think we need to hold ourselves accountable to whatever conclusion we reach. Because this is potentially a very dangerous tool we have here. People get hurt on social media all the time. I know people who are changed, and not in a good way, for the way they were treated online. People can get broken by this stuff. It’s happened to me. I’ve done it to others. And it’s horrible. Kids are killing themselves over this stuff. And that’s just the stuff we are now reckoning with. We have no idea what it’s doing to our brains.

However on the other side of that, 2017 and 2018 and beyond are the dawning of a new and normalized increase in freedom for women. And it’s because of the internet. People could immediately share their stories to hundreds of their friends, see that they are not alone, and pull the lid off something that has been happening for centuries. The internet did that.

Because the power of the internet, just one of them, is that you can create such a fuss that traditional news media is forced to look. They don’t want to look. But they know if they don’t look they’ll look stupid. Because so many people already know about it without their influence, and they are supposed to be the greatest influencers of all. There’s a lot of power to protect there, and now we have some of that. And that is incredibly cool. So obviously there’s a lot of power for good here.

And I’ve been thinking about this for while, but instead of preaching to people I have no control over about what they should or shouldn’t do I started looking at myself. In 2018, I guess my new year’s resolution was to be more honest in my writing, and with myself. And that means calling myself out on my own bullshit, even when it hurts. It's been several bitter pills to swallow.

A few months ago, I was in some stupid facebook debate I don’t even remember what. But it was the billionth time I was impatiently just impolitely and obnoxiously being contrarian on social media. Nothing to gain from it. It was probably me quibbling as usual over some useless irrelevant minutiae that alienated me from someone I actually agreed with. I think it’s called ‘I almost see your point but you’re kinda being a dick so I don’t care.’ Or, more accurately, ‘Just being a dick.’

Someone commented, I don’t remember her name, and told me that there was another time on social media when I did this and it really hurt her. She asked me to stop. She said ‘please’. I reacted predictably, with more condescension and ‘fuck you’ subtext. She told me that was mean, and again could I please stop. Of course, I’d already thought of what to say next and was about to throw it.

But instead I just felt bad. And I knew she was right. And I hated that.

I stopped. I said that’s fair. I apologized. I haven’t been engaging in any debate or anything other than jokes and positive things since then.

Because when when I actually listened. Not just words, but what must this person feel like that makes them want to say that to me. It hit me. I hated that it did. I denied it and was angry for awhile. But it stuck. And at some point it got real quiet. Quiet enough to hear myself say, “Shit…”

“...I have an issue.”

She was right. And that’s why she was being polite, because she didn’t want to incite me more. That’s how smart she is. While I shoot my mouth off and make an ass of myself, she’s the adult in the room. It’s fuckin’ embarassing being such a broken guy sometimes.

II. The Medium

Ever since the election I’ve been reading about human psychology and neurology, because I had to understand how the fuck. And one of the things I’ve found is that humans, we aren’t all that smart. A full 98 percent of our thinking is unconscious. We get caught into different long term habits just by doing them a lot, because they’re rewarded somehow. It’s why if you see a video of someone at 7 years old you can see exactly where their personality traits have come from. They worked somehow and they just kept doing them. It’s why there is addiction. It’s why you have to spend 10,000 hours doing something before you’re a master at it. It’s why when you’ve had a belief for so long it’s hard to change it. Most of our behavior is pretty much automatic, based on some reward system we’ve set up for ourselves or to prevent us from feeling something bad.

The human brain is full of little cognitive weaknesses that would make you a very disappointing robot. If a self driving car slowed down and created unnecessary traffic every time there was a car accident to look at, that would be an annoying feature. But you aren’t a robot, you’re a human. Flaws are a feature, not a bug. They’re actually beautiful, the imperfections. Because they show that survival and progress requires all of us, because one person alone is too flawed to take on that weight. But together, we can take on any challenge because we compensate for each other’s weaknesses with our own strengths. Flaws humble us and remind us how we are weak, and in so being how we are the same.

But some of those flaws also make us easy to manipulate.

The social media business model, the literal one they drew up upon its creation, is that someone giving you a ‘like’ will addict you to the platform. This draws attention to the platform, and therefore advertisers with money along with demographic data to sell. And studies show that ‘likes’ are very much are addictive. You can’t eat them or even exchange them for a coupon. Regardless they cause a little rush of endorphins when you get them, and anything that does that is addictive. This is fact.

In this environment very few will express unpopular opinions. And I actually think that most of the time, that’s a good thing. There are a lot of people need to shut up and listen. Yes, including myself. People often forget that conformity can also be a good thing. But sometimes, not most of the time but every once in awhile, an unpopular opinion needs to be heard. A lot of important truths have started as controversial opinions. And I think that incentivizing human interaction with ‘likes’ can encourage the bad kind of conformity too.

It’s the reason why we’re all fake on Facebook. All of us. Admit it. As long as there is a way that you wish to be perceived, you’re faking it at least a little. And you do. We all do. None of us are above caring what other people think.

Because we all want to be cool. We all want to be accepted and loved. Our desire to be accepted in the tribe is one of the most deeply human qualities honed by billions of years of evolution. So naturally we all put ourselves out there in a way where we will be most accepted, with varying degrees of concern for authenticity.

So it becomes our own personal PR campaign. We choose how we are perceived. We have time to hone every phrase and pose. It grants us time to think about our responses based on how we want to be seen that we don’t have in the moment. We can tell people what we want them to know about us and what not. It’s a self reinforcing game of ego strokes as we are told how great we are, when it isn’t even our authentic selves being validated most of the time.

And the rush we’re subconsciously chasing is those delicious little likes and pieces of attention that shoot endorphins into our lizard brains. We really can’t help it, we’re human. And while it may not always be the case, over the course of time across all the billions of people using it, most actions within the social media landscape will be primarily incentivized by that endorphin rush because that’s the primary reward baked into the system.

If you think it doesn’t apply to you, I promise you that as long as you have a human brain, it does apply to you. And by the way studies actually show that the less you think you are able to be manipulated, the more you actually are because your guard is down. Also consider the truth that, in capitalism, if the product is free then you are the product. It’s no exaggeration to call it both Orwellian and Huxleian. And I think social media’s ubiquity is a testament to some very serious human brain design flaws.

III. The Exploit

And here is where I almost just quit the whole system altogether. And I did disengage almost completely for a time. Almost right away I could feel my lizard brain sinking into loneliness in the absence of my usual stream of digital affirmations. Like, in fact exactly like, an addict in withdrawal. I wondered if there was a way to make feed the addiction without all the harmful side effects. Because remember, it can also be a powerful tool for the positive. And unlike every advertisement, TV channel, magazine, movie, radio station, website, and so on fighting for my attention 24 hours a day every day, this is also the one medium wherein I have a some degree of control over the content.

What I’ve landed upon, at least for now, is just allowing addiction to be fed but with just a little more mindfulness. I have a line drawn now, I cannot allow the addiction to chase the endorphin rush with complaints, anger, to feed my ego, or so on. If my lizard brain is mostly in control of me, and it is, then I will only allow it to be incentivized by good.

Sure, in person I’ll be happy to debate politics and what not, but I think there’s something about arguing online that can never work. And I think it has something to do with how only 7 percent of human communication is conveyed by just the words alone. 38 percent is vocal elements, and 55 through facial expressions and body language. There’s some fundamental disconnect involved in debate on the internet that, when combined with what social media incentivizes, usually only serves to enrage and hurt people.

I'm done making complaint statuses. If I have complaints I will take them to someone who will hear them in person, someone I can vent to at least. If someone wants to have a disagreement, we can do it i person too. I will stop pretending to be someone I’m not. Because while a lot of that behavior is natural and fine, I just don’t want to be rewarded for it. I don't want my brain trained to do it. I will only allow the endorphin feedback to hit me for saying true and good things. And it has to be both. No bullshit.

Things like this:

If lizard brain wants to get that sweet hit, it better make someone else feel good first. I will be a better person, even if that means I have to manipulate myself into being it. I’m not particularly smart or wise, so maybe I just need this.