So welcome back everybody for this lovely Wednesday and the big big news came out yesterday a lot of stuff going on. First of all I can see a lot of people are not here today for the good thing is because they're traveling getting ready for the on-site so I don't know sometimes I always get some of you always logged into your your phone on the plane or something like that but yeah big day today just don't forget we have our soiree from our meet and greet event that's going to go from five to seven uh at the at the hotel at the Vienna hotel and then uh and then tomorrow we're going to be hitting it hard for the next two days of trading and we got some great speakers we've got trade stations going to be coming down also and uh you know doing a little presentation for for you guys go over the platform so anyway a lot of stuff going on so looking forward to it sitting in the airport right now Jeff all right there we go see that is that is that this is technology great well good to see you Jeff look forward to seeing you buddy all right so uh with that said guys great great news that came out yesterday I mean honestly I never even heard of this news before but seven million outstanding jobs are out there seven million that's unheard of seven million jobs I mean that that is just incredible and you had a great market rally going yesterday so I guess uh I guess we know why unemployment is at the lowest ever so I guess there's something there's something wrong there right there's probably too much uh too many people that want to maybe stay on unemployment or whatever but there's definitely a lot of jobs out there uh so I guess market looks great and earnings came out great you saw what happened yesterday with with Netflix blue uh bloom out of the water so there we go anyway once again just wanted to thank Andrea for those lovely cookies so whoever's coming here on site he made a nice little box for you guys so you get to see what we keep bragging about your office thanks you Andrea and I thank you my wife thanks you my family because they made me a nice little box right there too I just can't wait till next time I come up in Toronto and check out those bakeries you got to teach me how to make those cookies phenomenal oh by the way and and by the way Andrea your cookies the the unbelievable the gluten free ones I'm not a gluten guy but I don't you if you didn't tell me they were they those chocolate cookies are just out of this world incredible all right uh all right so let's get right into it about to send that some pasta well I got the sauce I got the tomato sauce that I made so you guys can have a little bit of that if you guys if you came here on site I'll give you a jar all right so let's get right into it and talk about what's going on in the market obviously I just told you with with the good with the good earnings announcements that came out and also with the good job reports there's no better time to be in the market than now uh everyone's flipping out when we saw this little correction I told you there's always a correction there's always profit taking a lot of that correction also kicks in due to program trading but until we get bad bad um uh consistency of reports of uh slow economic growth and all that other stuff that you know that you have to look at it you know people who are complaining about the Fed raising rates you know let me let me explain something about I mentioned this earlier about raising rates raising rates is actually a pretty good thing because you got to remember Gotham it is ever an issue right and the Fed has to step in see everyone's been enjoying their free lunches lately and that's what's been happening they've been borrowing money for free I mean literally mortgages were for free I think the biggest issue people are going to have is a lot of people are not going to sell their homes uh because they didn't want to get another mortgage because they had such a great deal but at the end of the day a lot of companies were getting free money they built their companies they're making a lot of money and it's time to pay back so they're raising interest rates and let me tell you it's not a bad thing because it's the best time to raise interest rates is when you have a great economy because you got to number one you got to slow down growth number one I know a lot of people don't want to hear that but what happens if there's ever a catastrophe what happens if there's a war whatever it may be at least the government could say you know what we got to give away free money so they could lower the interest rate if something ever happened they can't do anything anymore so it's you know the exactly can you hit the nail on the red heads check some balances so don't take it in in a bad way they're not raising rates in a bad market they're raising rates in a good market which is good so that's so look at it as a good thing there's there's always a flip side of that but anyway if if if they're raising rates and markets doing great that's that's that's what you have to look at it right Denzel it does create a buffer and you need that buffer and you need that cushion remember back in uh Reagan days you guys been around people paying mortgages what was it 13 percent 13 percent back then you get mortgage now if it was like four percent three and a half percent so everyone still did good back in that economy anyway let's get right into the market there's a couple of good stocks out there first of all I mean I don't know where to start regarding about what moved yesterday because everything basically moved I mean it was some great runners AMD you could see I mean I can just go down the list there was so many of them but I think the biggest news not just about the market taking off what happened to the pot stocks right today Canada can be old can it could be high today so it's it's legal all of Canada and then all of a sudden buy-on rumors sell on news right so what ended up happening news rumors out news finally hit kicked in and that looks like all those stocks took a big hit and that's why I threw them in there the TLRY look at all of them they're basically getting a little bit of a correction right there you see it all taking the hits a TLRY CRON you know you can go down the list look at that they all took off buy-on rumors sell on news so look like we're selling on that news on there but that looks like what's happening right there so that's why I kind of put that in there let me see make a lower the volume for you hopefully that does a little bit better all right now a couple of the stocks do you want to keep an eye on O G E N oops typed in the wrong window O E N right there that one has a little bit of a pop-up right there you could see it gapped up some of you remember we trade this back in October it went from 50 cents to about four dollars that one moved pretty nicely so we can keep an eye on that one that one the pre-market just I don't know it's kind of it had a little bit of pop-up it's kind of holding right there that was not terrible but keeping up we'll keep an eye on it VT VT is another one that I found this morning had a great I guess it was earnings because you see how it made a nice little move up there right there but it went from like 230 all the way up to about 460 we remember it back here we traded over here when the stock went from in October went from a buck all the way to six dollars so we know what stock does move so for all of you here go back to your your journals and check out the stock and see how you traded it but if you remember if it was too volatile whatever or remember we taught you in class how to take very good notes because I always tell you you're always going to come back to trading the stock somewhere down the road something's going to happen so you want to know what happened in that stock so you know should you jump into it maybe you traded too many shares of it and you got burned but you could have made money if you if you didn't there was uh there was a lot of foul stow flags whatever it is but keep an eye on that VT VT you know go back to your your your journals that you would train what to do and how to take those good notes oops typed it in wrong window again fms rushed rushed look at that thing right there you want to be a good day trader a good swing trader an investor you better damn know how to day trade because you saw that coming stock uh 39 wasn't going anywhere boom thing is getting crushed down now 17% that even and honestly being down that much didn't even trade that much volume 70 000 shares i'm quite shocked anyway uh it is a medical stock we all know medical stocks do not come back so be very careful with those all right so let's see how that stock works out maybe we'll get a dead cat bounce i probably wouldn't don't know probably would move but we'll we'll we'll keep an eye on that one too on the short side slca another one maybe on a nice little short two 34 dollar stock down to 17 just keeps gapping down trending down that one also looks a lot lower you know from what it looks like so not not the greatest pre-market there were a couple of them but we got we i think we got a pretty decent list out there and then once again if we keep with if there's a rally going on again the only way to trade those rallies guys is you know you got to know what ETFs to trade trade the brand names and just you know follow what's happening with the market and then you could just ride the wave but if it's not it doesn't go on we'll go out there and we'll just stick what we have in our big percentage gainers and losers anything i'm missing i i did not call out anybody found anything else that you want me to check out that's moving this morning veneto says val val is moving nicely you know it's got it's got some decent volume it is trending up in pre-market you know it's a little bit all over the place we could you know well maybe let me change it to a one-minute chart yeah it's gapping up a little bit right now maybe that's not bad i know we traded it back here it went from 12 to 15 but not not the not the biggest of winners i know there's some nasty shakes in this one if i remember correctly all right so with that guys i'm gonna get ready for class remember soiree today for all of you bonds gonna be here please fly safe everyone i know some of you are logged in right now from your airport so i'll see you uh we'll see you at five o'clock for the soiree here at cyber trade university at the hotel and then don't forget to have everything set up by the way the room will be open for you but if you guys want to get your computer set up get your layout we are gonna have staff there to assist you if you guys need a hand and uh you know i know some of you know you should have your own laptop but if you're not we'll i know some of you did need one we'll have one there for you and then for the ones that are not going to be here listen we do it once a year the uh the uh the the phase four class the you know the the summit that we do here at cyber trade university so hopefully you know like i said if you can't make it and you still want to attend i know we're gonna be doing a broadcast on on a webinar on a webcast but you can still be part of it if you want to so just talk to education vibes i'll tell you a little bit about it in the meantime see you guys drive safe everybody else let's try to make somebody go into this morning and we'll be doing our next audio broadcast to trade the afternoon at 2 30 good luck everyone happy trading


Yeah, when it came time to decide what kind of talk to do this year at FOSSTEM, I didn't have any good idea. But happened that at around that time there were various Garrett patches that had issues with something that sounds as trivial as URL handling. And so I told these poor people that had the issues, what exactly they had to, which functions exactly they had to use, where and what parameters exactly to pass in so that it would work. And yeah, this is something that is decades old by now. The code has morphed through various stages, but still is apparently a shape so that whenever somebody wants to use it, it's difficult. For one, probably difficult because these issues are on the surface rather trivial, but then if you dig deeper they are difficult, but also because we fucked this up somewhat over the years. I fucked up much of it so I feel privileged to talk about it. And so here we are. A URL or URI, something rather trivial. So I'll only talk about the textual manipulation of these things within LibreOffice, not the other issue of you have an URI and that points at some documents somewhere on the internet and you want to get the content out of it. That's not the thing we are talking about here, the even more trivial part of assembling these, passing them around, reading them in. So what's a URI? There's an RFC for that. It has some components, a scheme, some authority part with maybe user info. Much of that can be left out. You may have a query and a fragment. At some point in time during the formalization of that there were various RFCs over the time that formalized this and improved this. And at some point in time there was a concept of having a URI reference that also included the fragment. By now the URI is the whole thing, including the fragment, but this jargon of calling this a URI reference, the whole thing including that fragment, optional fragment part there that still shines through in our URI. So I thought I'd clarify why we have these funny looking UNO functions that I'll talk about later.  I just started in a company called StarDivision actually doing StarDivision development. We had our own thing to handle these URLs, iNet URL object. Of course it didn't use all these wonderful standardized names. It just had invented its own completely different set of function names. So you have a getParam for getParameter, that's the query part. GetMark gives you the fragment part. It even doesn't talk about schemes, but about protocols. And there was a fixed enum list of protocols that we knew and everything else. We would say that's not a URL, that's invalid. So if you had a HTTPS URL, it wouldn't have something like that at that time. Plus it was horrible in that it insisted on, I know what the specification is. I mean it didn't know what the specification is else it wouldn't have called it getParam but getQuery. But on the other hand it said, I do know that there is things you need to write in this way or in that way. So it always tried to normalize all your input into the one form that it believed is the right one or the canonical one. And back then also back in the late 90s there was still some web servers out there that had their own quirks. And for example it might have been some Caputin web server that wanted a URL written this way where it didn't want it to have an exclamation point, but wanted that for whatever weird reason be encoded with this percent encoding that is standard for URLs. So we have an exclamation point, it's ASCII number 21 in hex, so this is percent 21 there. But if you enter this into the hyperlink dialogue in Staroffice back then or LibreOffice today, what would happen is that internally we would rewrite that as the canonical URL with the exclamation point there and that's what then goes over the wire to that HTTP server. By now most servers are working well, so this issue that was quite a pain point back then has more or less vanished. The code is still as broken as it was back then, our code, but the code outside the web server code has gotten much better over the years or decades. So that's no longer that much of an issue. Another funny issue with this is that as I said with this URL object, a new fixed set of url schemes and parsed these and understood what exactly they would need to look like. And for file URLs which are quite common when you work with your local files or pass your files to some other application or want to invoke some Java functionality on your files and then you pass around file URLs and this inert URL object still insists on file URLs having three slashes because there needs to be this authority component even if it is empty or it could also be local host, but in the RFC of course you can leave it out. In our implementation it still has to be spelled out at these two funny slashes. And when Java creates a file URL for example it always uses this, when you that then pass into LibreOffice for example ask it on the command line to open that then it used to do this. I think we're now by now clever enough to or there were also other reasons why we need to map back and forth file URLs. I come to that later and I think by now we handle this special thing there as well. So a URL is the syntax like these two slashes for the authority part even if it is not there in the file URL. And the other part of it is the kind of payload data that's included there which again seems rather trivial. For example there's a data URL format and what you can encode with a data URL is pure data bytes octets in RFC speak. So each data item corresponds to an ASCII letter or the other way around each ASCII letter corresponds to some data item. So you have four data items here in this data URL. The comma is syntax part, meta syntax part. So you have an A, a B, a C and a space and they correspond to these four bytes and the B. You can also write as this person encoding stuff and the space you need to write as a person 20 encoding because spaces are not allowed in URLs. So this is easy. You have some stuff and you decode it into bytes. For a file URL what the payload is is of course a file path or a path name on your system. And the simple case again is quite simple. A foobar but on Linux is a foobar but on path name there. What is less clear is if you have some non ASCII characters in your path name. How do you construct the URL for that? Back in those days we were talking about that wasn't that clear. By now again thank you to the outside world. Everybody moved to UTF-8 so by now it is quite clear that you want to encode this upload as the corresponding UTF-8 characters and then encode that into the URL. Back then there were still especially on Windows lots of different encoding systems in use. By now Windows moved to the 16 bit path names so this is even easier by now. But back then it was tricky how to do this conversation and you would sometimes do it right and sometimes it would be done wrong. Or it just wouldn't work and what made this even more problematic is still back late. I think now we are still in the 90s. StarOffice wanted to go into this new brave new world of Unicode. I mean we were text processing application first and foremost and there was this new Unicode thing and that needed to be embraced on all levels. Not only typing text but the whole UI thing, everything suddenly Unicode is the thing to go. Before that it had been easy. We had one string class of course a round one handwritten course. And URLs were written as strings and if you took something out or combined some strings into a URL everything was easy and dandy. Then we had two string classes one for the old code that had not yet been transformed into the new world and another one for the new code that was a UT of 16 Java inspired Unistring class and the URLs. Of course because we were transitioning the code there were also cases of either URLs using old 8-bit and new 16-bit strings and so now the problem starts. If you want to get out a 16-bit Unicode string out of this you want to get the payload out of this. The file path, the path name out of this thing it's not only interesting that this is maybe a 16-bit string that you pass into the URL object but also the individual bytes represented by this. You now also need to think about you have bytes here in the payload like in the data URL I showed earlier. So this is just bytes but what you want to have out of this is this Unistring that wants to work on 16-bit units. So how do you do that? There's different ways and again depending on your needs sometimes the one way is the right one sometimes the other is the right one. So what might happen here is depending on how you do it you get out some rather different strings and that's what started to show up back then. So the easy cases of this transition to the wonderful Unicode world were easy because if you had your foobar TXT then that kept working by magic because there's no strange characters in there. But in other cases it started to get messy and the other messy thing is that by then I had become the maintainer of that dreaded class and what made it even more messy is back then late 90s the way we built the Star Office is not as today. So you do a change on LibreOffice, you do a grab over the source code, you change things all over the place, you do a make check and half an hour later you're done. No. Back then if you wanted to do a change you had to write a mail. Dear colleagues that was called a change that must be done an important change that everybody must do otherwise the whole thing wouldn't compile on the next compile. The next compile was not done by you on your desktop machine but was done by a special group of engineers that built that thing. And if somebody had either not declared that something needed to be changed everywhere or somebody else had not done that change then everything would break of course. And so you wouldn't do these changes yourself all over the place so I would never have been allowed into the writer code to do these changes there. The writer people said, what you want to do a change there but that's work for us and that's lots of work we can't do that so forget it but I needed to get this change into the code some way so that I wouldn't notice and wouldn't be too angry with me for all the work I imposed on them. So what did I do I I just to all these functions in this dreaded URL object class I added some more parameters but I added them as the defaulted parameters so that nobody would notice. I had to be creative with what the parameters did because as I showed on the previous slide depending on whether you want the one or the other output for the foobar TXT example without any unicoded it all works fine but if you come to the fine point then it's very important which one you choose. So I had to choose one for each of these functions and of course guessed wrong for for most of the cases but initially nobody noticed because for the easy cases of a foobar TXT everything continue to work so.  And that's what where we are still today so when today somebody has a Garrett patch that doesn't quite work and I need to tell them exactly which parameters to stuff in where that's because 20 years ago I shovel that under the rock. So what what what are these wonderful strange parameters. Yes so you whenever you want to get something into or out of a URL objects and some text you need to decide what these bytes actually or how you want to represent these bytes and and whether you want to if you have a complete URL. For example there is a function get main URL that gives you out of the complete URL again canonicalized of course because that's what this thing does so. If there's the strange file with a. A 10% 20 dollar file name whatever that should mean then it is encoded in the file as a 10% 25 20 because the percent sign itself needs to be encoded as percent 25. So when you want to get this URL back you still want this syntax there and not have a decoded so there's a function get main URL that gives you the whole URL back and that takes and a decode mechanism. This is this thing that I defaulted to something and I have four different ways to get the to get this thing back. This is either decode nothing or decode to an internationalized URI that is with Omlauts intact and there's this with car set that decodes everything despite the name being somewhat vague but it it's really a blow up in this case. And then there's this unambiguous that came later only because of too many problems. And if you use this blow up with car set thing which would have been the standard then everything would have been decoded so. This would have been the output with a dollar percent 25 is an encoding of a person sign so you decode this part to this then comes the 20 then comes the dollar. So this is this still looks like a file URL but it's a file URL for something rather different because that's the file 10 dollar not 10 percent 20 dollar. Because this person 20 if you interpret this as a file this whole thing as a file URL then this person 20 means a space character. So that's the place that's the situation where we got stuck. And then also what also happened is that we created some some very inventive uses of of URLs as well. One of them was this won't go into that expanding macro expanding stuff that generates URLs from other URLs or you are looking things. And we have this package thing because now ODT ODF came onto the scene and we have these files with the subcontent and we need to have files into the zip. But we also need to describe the original zip file itself. So we have these package URLs that include as authority the whole URL encoded. So you have a file URL and all the slashes need to be encoded and all the persons in there need to be encoded. And if you want to take that out again you have to be careful to take it out in the right way with the right decode mechanism parameter or else everything blows up which is the typical case of of problems where we where still get these carried patches that don't quite work. So what did we do? At latest at this time we we we all knew this in a URL object is just not going to work for that. So we invented some you know stuff. So this is now we're into the 2000s early 2000s the you know bubble is at its height. So I rewrote all this or started to rewrite all this stuff and you know which was also a bad idea in retrospect because you know is the thing that once you have written something in it or define something you cannot change it anymore because backwards compatibility with your extensions. So was very careful to to not to add too much nonsense that we would carry on forever. So what we do have there by now is rather little or close to nothing with very weird names because that was at the time on this Yuri reference thing was on vogue in in the RFC world. So I copied that from there eagerly. Now we have some very funny looking stuff with very long names that can do this conversation. But again only if you know exactly how to to write your 20 lines of code. So people don't do that either. So still ask me in their Garrett patches how to to get help for that and we can change that because you know can't be changed. So yeah. Wasn't that bright of an idea either. So here we are 20 years later still having fun with this. Thank you. And I hope there's no actual questions or Garrett patches at this time. No. Sorry. Thank you.


And the new kid on the block, Diora Ohm 2020. What do I think about it? Let's get into it. Gotta tell you, I dig the new packaging. Soon as I saw it in Macy's, I was like, wow, is that actually a new fragrance? But you guys know I love Diora Ohm, so I could not wait when they said new I was excited. Didn't know anything about the note breakdown. Couldn't see anything, sprayed on my hand and I was like, where is my fragrance? Where is my iris? What in the world were they thinking? Shout out to the CIA. What's going on, you modern sexy savages? I know you guys have missed me. I've been out sick for a long time, but I had to get back into it on this one. Guys, if you've been watching my channel for any length of time, you know I love the fragrance Diora Ohm. There's something about chicken and that fragrance. But in 2020, Diora decided to drop a completely reformulated version of this fragrance. What do I think about it? Let's get into it. Shout out to the CIA. Guys, if you want to become part of the movement, do me a favor, join us on Patreon for exclusive video and live stream content that will only be visible there. Details down in the description. First of all, guys, here is the original Diora Ohm. What made this fragrance fantastic, what made the entire fragrance line fantastic, was the note of iris. Just like in Diora Ohm Sport back in 2017, they removed the iris from a sport fragrance, which I never thought belonged there in the first place. I always said it's kind of like playing basketball in church shoes and they put in blood orange. I actually liked the new Diora Ohm Sport more than the original, but the original Diora Ohm, I love this fragrance. I've often called it a masterpiece and an underrated fragrance. In 2020, they decided to remove the iris note and give us this, more wood base take on the fragrance. I'm going to tell you right off the bat, this fragrance is completely different than this one. I want to take you back to the 80s and the Cola Wars. There was Coca-Cola going to Pepsi. Pepsi and Coke, the Cola Wars back and forth, back and forth. Then somebody in Coca-Cola had the broad idea of changing the original formula of Coke to make it sweeter. And what they did right there kicked off all kinds of problems. Coke came in so many different variations. They decided to try to make Coke sweeter to compete with Pepsi. Huge mistake. When people drank Coke Cola, they liked the bite. What they found out is the original Coke was better, even though people liked sweeter initially. This one right here is like new Coke. You'll notice new Coke is nowhere on the market. Go back and look through the 80s and 90s and you'll see new Coke, new old Coke, classic Coke. We had 10, 20 different versions of Coke on the market at one given time to only go back to say the original was where it's at. And for me, I'm going to tell you that's how I feel about this new fragrance. The original is where it's at. Now, for those of you who liked the original, don't fear. This has not been discontinued. It is still on the market. It is just called your own original. And now on the upside, there are a lot of guys who could not rock and wear the original because of the powdery note, because of the powderiness of the iris in the original. In that case, you actually might want to actually try this one out. Let me get into the C3PO system. Compliment factor, average. Not above average compliment getter.  Performance, a solid four to six hours. Projection, two to three feet. Sea eyes, two to three feet. An average performing fragrance. A style person now I can see pulling this off definitely going to be much more that all American kind of thing. I can see Don Draper or Ghost from Power wearing this. This is an inoffensive office base fragrance. And the occasion I can see you wearing it is actually signature scent worthy. You can wear this all year round, not offend anybody, smell good. It does have a masculine take on it because of the woods and the kind of leaning towards the vetiver. And for me, I almost picked up some particular like notes in the dry down. So I will tell you the dry down is better than the opening. This is not a horrible fragrance but it's nothing groundbreaking. It's nothing new. In my opinion, the original still takes the cake. But like always, hit us up in the comment section. Let us know. Have you tried the new Dior on 2020? Did you like it? It's so cool. It's not cool, but keep it cool. Keep it classy. God, what would you think it? If you liked this video, share it out to somebody there. You think you use the information. Thanks for watching. Thanks for subscribing until the next time. Talk to you later. Godfather, back. Hey guys, whether look, style or life, whether personal or professional, you can level up and be your personal best each and every day. If you're interested in any of that, do us both a favor, follow the link in the description and book your one-on-one session with me. Details down in the description. Peace.


Barely 48 hours to the nationwide industrial action called by the Nigerian Labour Congress to protest the increase of PMS from 195 Naira to 514 Naira following the removal of subsidy. The Inspector General of Police Usman al-Khalibaba has summoned police strategic commanders across the country to Abuja to deliberate on how to ensure political, non-political actors and other elements from taking advantage of the situation. The IGP said the essence of the meeting is to access the internal security situation within the country in relation to policing mandate and disseminate some emerging strategic and policy driven directives that will guide the operations of the police. In the successful democratic transition or transitioning that happened on the 29th of May, there still remains prevailing and projected threats across the country including aftermath of the fuel subsidy removal with the emerging threats of industrial strike action and consequently we shall not rest on our own rather we must redouble our efforts to maintain the needed peace and stability of our democracy. This is critically important as we also prefer for the nation's democracy day which is called Gen 12s. In so doing I charge you all to remain focused while monitoring the election tribunals and the proposed industrial action across the country within the period being considered or assessed we have a total of 3619 suspects which were arrested for their participation in various crimes across the country, 316 victims of kidnapping were rescued during the same period while 486 associated firearms consisting of 847 rifles and locally fabricated automatic weapons were recovered.


I'll start a recording and I'll start my video so that you can see what it looks like on a cloudy day in New York. Two things before we start one is of course the fact that we are part of the Linux foundation. And hence we need to abide by the antitrust policy. The other is about treating each other with the respect even when we happen to disagree with something somebody says we can always debate and talk about stuff rather than call each other names. So with that, I'm going to start this presentation. I'm going to share my screen. You got to tell me whether you can see it or not. That is my screen. Yes. I'm going to go into slideshow. So this is meant to be a discussion in that in the sense that you are welcome to ask questions and to participate and to comment. So, I want to talk about the themes that we are going to talk about today, which is one is about minceki himself, Hyman minceki contributions and some of the things about minceki moment. And some timeline of the text collapse and contagion and hopefully the remedy or the antidote, which is still being formulated. So, what is minceki contributions he reinterpreted the teams for the modern age. Well, not really the modern age because he died in somewhere in the 80s or 90s. I don't know exactly when. The main view was against classical market view, which is basically consists of two things that water now proposed, which is that the participants are infinitely selfish and infinitely far sighted. But Poincare, objected to this right in the beginning he said that I can allow you in China selfishness, which is maximization of utility, but not infinitely far sighted, which is the crux of all the financial problems that we have seen so far. That means people forget and people projecting to the future, the present and see a rosy picture, but really speaking, there are problems, always bubbling under the surface. So, the classical view of markets is that the markets are efficient, and the economy is an equilibrium seeking and self sustaining system. But means he says, this is not true. He was ignored. For a long time, but then came into prominence during the 2007 2008 crisis because his words were proved sort of prescient. It's not prescience. He's, he's a student of history and of human behavior in a certain sense. And that's why he's accurate, not because he's a prophet, and can see into the future. We can see into the future because we use common sense to a certain degree, and we do not attribute to ourselves in finite far sightedness. We do not say, I'm a Bitcoin maximalist. I'm a financial sector maximum maximalist. I'm a bond maximalist, anything of that sort. We act with a view to the past, but knowing that the future is unknown. So, that is the main takeaway from min ski but I can go a little deeper into what he actually said. So there's empirical evidence. I mean, obviously, we are starting in 1873 but the empirical evidence stretches far behind before all of this. There are many crises. And there is the crisis of 1873 1893 panic of 1907 of course everybody knows about the Great Depression. In 1766. So there's a long period between 30 and 66. So everybody thought oh now the era of financial crisis is over because we have had 20 or 30 years of stability, but obviously, for those who forget 1873 financial crisis is never, you know, can never be said to be handled properly. So, you know, he goes through empirical evidence saying that okay these are all the different crisis. We have heard of bank runs, the one on the left is the familiar figure, which has happened in the United States with depressing regularity. But on the right is what happened in Lebanon, for example, you know, which is just a year old, and there have been runs, even in 2022. 2022, especially with respect to Russian banks, it's better bank in Czechoslovakia. Other instances. So the runs are with us.  Since bank reserves are not 100%. That can cause tremendous problems. But in the case of the United States, bank runs are not that common. The main reason maybe the provision of the FDIC insurance and people are getting used to the fact that FDIC will back a regulated bank, you know, up to a, I think it is 150,000 and 250 for a joint account. Most people do not have more than that in a regular bank account. So they are pretty much complacent, even if they hear that the banks are in trouble, they're not all going to rush to the bank, either physically or virtually to look at to, you know, withdraw their funds.  So the main contribution that Minsky made, which is even today, irrelevant even today, is says that that he is looking at economy as a capitalist economy with expensive capital assets and a complex sophisticated financial system moving through time. Moving through time is important because today everything looks good, but what about tomorrow and the day after tomorrow. And that's what we are to be concerned about. And so the normal investor action is where the present money is exchanged for future money, future money in the sense it is a debt to be paid back in the future with interest. It is an investment in something that will yield future returns. So in both cases, it's looking at the future to come up with a, you know, with a case for investing today. And it's supposed to be enthusiasts versus skeptics in this context. Minsky couched that the enthusiasts are the businessmen who are trying to do something productive and the skeptics are the bankers. But it's not just the bankers bank does not mean bank it means anybody who finances deposits, or in any way, participates in the financial life of the country that includes households, governments, international institutions, and other institutions, who may function as people providing credit. So enthusiasts versus skeptics. This is the background. Okay, all this stuff. So, what does he say he says that every day we face a survival or reserve constraint it's a balance sheet operation. I mean, are we bringing in enough money to pay our obligations, either our interest or provision for future payouts. So he divides the types of economic units into three. One is called a hedge. I mean, it might seem similar to hedge fund but they can fulfill all of the their contractual payment obligations by their cash flows speculative can meet their payment commitments to interest but not principle. They cannot pay their interest not principle from cash flows. So how do they exist by bringing in more people investing in them, and they are able to pay the interest by that means. The normal definition of a Ponzi scheme, but this is nothing to do with the Ponzi scheme it is analysis of economic units in the existing economy divided into three by their ability to make to meet their payment today. Today, only today. That means, can they pay their interest. Can they pay. Can they have provisions to pay everything. So, on the one edge, we have hedge and the other edge we have Ponzi. So, there is a spectrum. It goes from hedge to Ponzi. The first theorem is the economy as financial regimes, under which it's stable and financial financing regimes under which it's unstable over periods the second theorem over periods of prolonged prosperity. The economy transits from financial relations that make for a stable system to financial relations that make for an unstable system. In other words, a movement from hedge to Ponzi. This is a characteristic of capitalist systems, according to him, and the instability is baked in because it's based on sentiment. And furthermore, the containment measures, like for example, central bank racing interest rates. During the times of prosperity and the increase in Ponzi schemes will cause more units to move towards the Ponzi and, and the collapse of the formerly Ponzi units in other words, the speculate speculative economic units will move towards a Ponzi unit. When the central bank Titans. And when the central bank loosens economic policy. I mean this is just one way of looking at it right. It also talks about the sentiment in the marketplace. So, there is a definition of a mince key moment is a sudden major collapse of asset values which mark the end of the growth phase of a cycle in credit markets or business activity. The mince key moment is sort of an invention. It is a catchy phrase, but mince key never used it. It is probably a mince key cycle. In other words, it is not just a sudden moment where all this stuff happens, although many people have tried to put their finger on exactly when the financial crisis happens. In our, in our case in the, in the. So, so to back up a little bit, the two phrases that I use cryptos means key moment. I mean the two, you know, yeah, two phrases I can say cryptos. You can't talk about crypto really because the cryptographers often object and mince key moment, as we know, does not exist. It is more of a mince key cycle. So, both the phrases used in the heading of this presentation are wrong. That's kind of interesting observation but that's what's happening. So, according to mince key, it's like breathing the economy goes from a disciplined approach where the money supply goes down or money is tight to where the money is loose, and it expands. So it is almost like the breathing of a giant beast that that might be, you know, it's a natural phenomenon. In other words, so we go from discipline to elasticity and back. It's like, you know, it's a it's a part of the business or the money money cycle. So we bring this knowledge to what happened with FTX and Alameda. Of course, the nexus between FTX. Alameda was not really evident. The extent of the link was not really evident until the whole thing fell apart. But in the course of one week, we have seen that, you know, about nine days. The second, the coin, the Scottical came out saying that the major assets of Alameda is in FTT, and the second was when Binance chief tweeted that he was going to sell about 530 million worth of FTT, which is not supposed to happen in a true crypto economic analysis because it is against his immediate self interest in the sense that if the price of FTT falls, that amount 530 or 580 million dollars would go down rapidly. So no whale in their right mind is supposed to be doing this kind of stuff, but he did it because there were other considerations first 530 million dollars is nothing for him. Second, you want to take revenge on his own SBF. So now you have this phenomenon where, you know, the sales happened. And then of course the Binance drama. Elizabeth is posted that is the intersection in her off of the two lines. We can talk about that in a minute. Offer to buy and then withdraw and then bankruptcy filing. So this has to do with mince key. I mean, okay. My thesis is that when easy money and lots of money sloshing around happens. People are no longer disciplined, including big corporations like so big corporations like Sequoia. Capital.  Temasek, all of these guys had hundreds of millions of dollars invested in FTX FTX itself was probably playing around with that with that money. It's not just fraud, but obviously, the Alameda research group had lots of different investments, and lots of different assets that were rapidly falling in price. And if you recall, before now in the second, much before now in the second, there was a collapse of Terra Luna, plus, there was the feeling that, you know, easy money had come to a halt. So the assets that they were holding, they're rapidly falling in value. And obviously, when that happens, they do all kinds of stupid things like for example, use other people's money, which is basically the funds and exchanges to try to prop up the value of the rest of the stuff. Is a Minskian fits in with the Minskian analysis, which is, you know, how do you, how do you get supposedly sophisticated people, not doing their diligence and investing huge amounts of money in a operation that is shaky to start with. It's already got problems with respect to the price of crypto assets of Bitcoin, of Ethereum, everything fell by huge amounts in the beginning of the year. And of course, exacerbated by the Terra Luna collapse. And, you know, many other firms, in which fpx had investments, like three out of capital, some of the other organizations, economic units as miss key calls them. were cratering and, of course, FTX and SBF appeared to be a hero by writing to their rescue but it was completely in their own self interest because I think there was a tangled web of obligations and liabilities that would have come to light if they're really crashed. And of course, the aftermath of November 11. We have seen other big corporations under pressure.  So, what happens, it's a, it's, it's, it's not, you know, there is contagion, of course, in the crypto world, and everybody in the regular centralized finance world is happily sitting there thinking there is no consensus between crypto and centralized finance, but we have seen collapses that are even more spectacular in the centralized and traditional financial world, which is what Minsky was talking about he knew nothing about crypto. But the same analysis can be applied to this. So, what of all these analysis, what is the point. What can we do, I mean is there is there something that can be done in order to to lessen the impact or to prevent such spectacular collapses. And Minsky had some prescriptions for this. You know, I don't know. Okay. So, going back to the FTX and Alameda the Minsky cycle. I had already mentioned most of this. Basically, it is a round trip from elasticity to discipline. The Minsky cycle will come from elasticity going into this discipline, which is through regulation and other ways in which the system can can be sort of counter cyclically handled.  Maybe this is a good time for Elizabeth to talk about the Minsky moment in her estimation of the of the green cycle. I think she is. Oh, thanks. Sure, so I was trying to find the Minsky moment in every kind of cryptocurrency I can think of and I'm of course working with carbon currency. And I thought well one day nobody's going to want to buy carbon credits because we will have solved the entire atmospheric problem and we'll no longer be emitting carbon. It's going to be faster than we're sequestering it so I looked at these two charts and tried to figure out okay there's going to be a time when the carbon credit will be valueless just simply because you know no one's emitting carbon anymore there everybody's net zero everybody's climate neutral. And so I looked on these two charts on this webpage that I put into the chat link. And I thought I will have my question is, is this sort of what what you mean by Minsky moment. Not, not exactly, but it is more of a macro economic situation in the sense that money is free, you know money is very loose. So people would put their money into all kinds of projects, including things that are highly speculative. What that causes is rapid inflation or increase in asset values.  At that point it becomes a feedback loop. And then the collapse happens. And then, according to Minsky, the Ponzi. The ones that are pure Ponzi at the beginning of the site are at the end of the elasticity cycle will disappear will be bankrupt. The ones who are speculative will move into the Ponzi area. And maybe some of the hedge assets will move into the speculative area. When the tightening happens, then, during discipline periods, then the other, the economic units become, you know, more disciplined, more of the hedge economic units appear, and so on and so forth. But his main pieces is that some of these some sometimes these cycles are create some kind of a destructive, you know, like a negative feedback loop. Mainly through the use of leverage, because when multi policy becomes very loose. That will happen anyway Mark, you have something to say. I was just thinking about, I mean how should we let your technology offers it, if properly designed the ability to maybe counteract Minsky, this I think the lesson I was taking and looking at this wasn't just, you know, the, the, the Minsky component but it was the Minsky component by the imperfect information but in, you know, in DLT, I have the opportunity for really much improved transparency and all the sort of risks aggregated into a sort of one visible, visible place if designed that way I mean because here, you know, there was also this backdoor that was sort of not known or not disclosed, not seen in, in a transparent manner that allowed for these funds to go to Alameda that allowed for this accounting to create the illusion that fueled the Ponzi so I was just sort of thinking about how this technology in this case both fostered a perfect Minsky moment but also in thinking on what lessons learned and in designing for better architecture. We could also think on how we could have mechanisms in place for better transparency across the, the stakeholders to a consortium blockchain over thank you. Yeah, I mean, the point is Minsky is not an, you know, not saying that something like he doesn't say that Ponzi is bad, for example, he, he says that that's what happens, because people drop their, they're less guarded when there's a lot of money swashing around. And that operates in every economic situation. But on the other hand, he also talks about the destructive nature of these deleveraging spirals. And further, he proposes certain ways to counter the extreme swings.  Minsky is not all negative he's also talking about how to counter counteract these phenomena, how to reduce the resonant effects. In other words, instead of just destroying the entire financial system like almost happen during the Great Depression. These days, it's not happening so much because of some of these things. And what you're saying is correct. That is probably one of the ways in which these swings can be tamed. Right. And which we are going to go into in a slightly different, you know, so there are these antidotes that he has proposed. And I can go and look more at exactly what he means by these, you know, like for example, we can prevent and contain instability that is what we were talking about probably by using a proof of reserves, or some such technique to ensure that we can increase trust in the organization and and keeping the economic unit sort of honest that they do not go into this, you know, like doing all kinds of crazy stuff. What's happening in regular finance, right, I mean, if I am speculating on the price of silver or something. And the price of silver starts falling, I am betting that it's going to go up. And then it starts fall what do I do I, you know, I kind of borrow money and buy more silver to keep the price up. And somebody is willing to, to lend me that money. And that causes bigger and bigger problems because you're basically trying to stop a falling knife.  That's also caused by leverage in the British guilt, you know, which are the sovereign bonds issued by by the English people, I mean by the UK government. And that had a kind of a, the price fell, and that caused more selling, which in turn increased, I mean decrease the price even further, and so on, but it is only when somebody with a big bazooka steps up like the Bank of England, and starts buying guilt that the price stabilized. But even then it did not really stabilize until the government that caused that crisis of confidence left. So, I suppose you're talking about proof of reserve. As one of the techniques that can be used. So, here the antidotes are two, which is one is prevent and contain instability and the other is pick up the pieces and fix financial structure after the crash, which is what happened in 2007 2008 when Fed intervened, and then was had lots of different programs to do all kinds of things with respect to being the lender or the dealer of last resort. Unfortunately, we do not have a comparable structure in the crypto markets. We do not have FTC insurance, we do not have a dealer of last resort, providing liquidity. We can do certain things like you just mentioned which is, I suppose you're talking about proof of reserve. But even that, you know, there have been in the actual implementation of that. There have been problems. I don't know whether you want to comment further on that. Mark. I mean, yeah, sure. I mean, it was, you know, it was thinking around proof of reserve but of course that the underlying reserve that the value the sentiment could always could always fall again it gets a bit into the accounting mechanisms, but also in the modeling the sort of stress testing that you see. So that at least the consumer has some awareness as to, or a bit is better informed as to what they're exactly getting into if that is a risky asset or a risky market. So that's sort of known at its onset, instead of in this case where I think people felt they were entering, you know, they were putting money in storage to centralize exchange and found that there was, you know, absconding of funds to other, that then led to the collapse of the of the underlying tokens and of course related tokens because there was the interconnectedness was also not seen to the consumer so it was just sort of thinking about how we can bolster that but it could actually diminish all all risks. Yeah, I mean, it is, it can, there can only be some kind of a counter cyclical force that prevents the, like this particular cycle where the money expands, you know, there has to be a countervailing force that acts when the amount of money increases so rapidly and so huge that there has to be something that brings it back to normal in an orderly fashion. The problem is when it's not orderly, it can cause collapse of the entire system. And that's what, you know, central banks and other, other institutions have been trying to do but in F in crypto, crypto currencies or crypto assets. So much comparable mechanism exists for intervening. After the fact, and no comparable institution of insurance exists. But I think there is some talk about that going on. Yeah, that's what I'm trying to provide. I put in the chat about it. So, so if we were to qualify all of the carbon creditors as being lifetime climate neutral, and then they also have sequester carbon that turns them into creditors instead of debtors as most people are carbon debtors. What we would do is we would be saying that no Ponzi's are allowed in the carbon credit game right now, practically everyone who's selling carbon, so called carbon credits carbon tokens are Ponzi schemes they, you know, their lifetime emitters and then they'll suddenly decide they're going to plant a tree and that would and then sell that as if they're actually haven't they haven't even offset their own emissions yet. So, I'm trying to put together a node requirements and node operators are all climate, they have climate credit, they have carbon credit there. They're carbon neutral and they have credit is in what's it called proof of stake carbon credit proof of authority proof of reserve like you said so that would be pretty much be the same thing as proof of stake if they have enough reserve that they could cover if somebody were to say well you know no I want to sell you back my carbon credit because I have become carbon neutral and so I don't need to offset my emissions anymore here's your carbon credit back, and then they'd actually be able to I don't know how would that work. And this, you know, like I said before, this is a generic macro economic sort of, you know, a theory of concept, but it's also based on empirical evidence. They taught out mince key only when there is some problem like 2007 2008 or some some some failures happening, and so on. It's so even in carbon credits.  That means, how can I say, where are the standards. To say that I've actually either sequestered carbon of certain amount, or I have created a carbon sink that will last, you know, I don't know how many years but in the case of trees. We know that all the fossil fuel we are burning is really carbon locked up in the ground over millions of years. In fact, probably two or three billion years. So we are consuming that that preserve that is in the ground. And releasing the carbon to the atmosphere. So, you know, it's very clear that even the, you know, in the end it's a measurement problem just like the reserves for FTX or any other organization and there are, you know, so in the case of reserves, we have this very simple diagram, which is basically assets minus liabilities is the equal to the proof of solvency. So how do you prove the assets, how do you prove the liabilities. So it becomes an exercise in creating some kind of a Oracle, I mean chain link as this proof of reserve I didn't want to put that up here because that's not the only way to deal with it, but and plus it may have problems of its own. How do you prove the assets, you know, one of the methods is by saying that I'm going to put all the assets that I have in a bank and basically put it on some kind of a Merkel tree and all the liabilities that I have in terms of the customer accounts. And then aggregate, you know, show that one is greater than the other assets should be greater than or equal to the liability. Otherwise, you're, you're going to have problems. In the case of regular banks, we generate credit in the market assets will never be equal to liabilities because they are only required to keep a certain percentage locked up in reserves.  And actually they are protected through the use of FDIC insurance. So I'm wondering, is there is there a way to create an insurance for, you know, something similar to FDIC insurance for crypto assets. Well clearly every every token would have to be asset backed. The asset that's backing the currency is something more than just the hype. Yeah, but then the pure cryptocurrencies like Bitcoin and Ethereum do not have anything that is backing them. In fact, all these ecosystems like Ethereum is based on in the beginning on some kind of a utility token. To pay for gas or whatever for the world computer. And then, now of course it is exploded into this hundreds, thousands, 20,000 tokens that are not backed by anything. So, I don't know how we can apply these. These principles to, you know, to crypto assets or cryptocurrencies or whatever you want to call it. FDIC insurance stuff has been. Yeah, I mean, there is, Alfonso has asked is there a way to measure speculation, causing instability. Usually it is through a measure of the speed at which prices of stuff of tokens increase without any sort of underlying cause. But, you know, when tokens are generated with no backing assets, and we have a problem. The other, you know, some of the other ways in which you can look at this is to measuring depth of market, for example.  I don't know whether there can be other ways. Does anybody else have any opinion about any of this stuff or am I, you know, so the so the two things that that we seem to need are one is an insurance scheme. Such a talk in balancer protocol to create an insurance scheme using the proceeds that are thrown up from the activity in the DeFi. The other is, but even that, you know, how much depth can it have. And in terms of whether they will have infinite, you know, like FDIC insurance. You know, it's pretty, pretty guaranteed. And the other thing to notice that it doesn't get used that often. It is more of a sentiment play, meaning FDIC, the fact that there isn't FDIC insurance reassures people. And they don't just run to the bank. Every time there is a problem, try to withdraw all their money. So it serves the purpose by not being used that much. The other one is the dealer loss resort or liquidity providers who have deep, who have deep pockets or infinite in the case of central banks. Indogenous money. They have incredible amounts of liquidity which cannot be measured by ordinary people because they can just print money at will. Normally they don't.  So how can, how can those kind of structures be replicated in, or should we only be thinking of those kind of structures? Are there new ways in which we can tamp down this volatility? You know, move in the bus cycles. I have an oracle connecting Python code that searches all through all the databases, including the banks to find out what kind of assets a person really does have before their token is considered asset backed. And then it logs all the changes on the blockchains that everybody knows when somebody who owns tokens suddenly becomes insolvent and then therefore they can go ahead and do their run on the money then before it becomes a big problem. Yeah, I mean that is definitely the way the proof of reserves work with especially the ones that are proposed by chain link. I don't know how frequently one runs those things or is it a constant monitoring. Yeah, I mean I've seen all kinds of, you know, objections. All kinds of like the stablecoin guys, for example, they publish audit every month, which is kind of useless because in one month, the amount of stablecoins issued or or burnt could be huge in proportion to the size of the stablecoin, but nonetheless, this seems to reassure people for some reason. But you're, you're talking about the proof of reserve Elizabeth that have been proposed by outfits like chain link. Yeah, that is definitely there. Marcus said that. Yeah, Marcus said that there is a Chicago plan revisited, which is basically like a narrow bank sort of situation for the stablecoins right.  So you could imagine you could apply this to sort of the world of a world of crypto as well and sort of making sure that those are stablecoins are are fully backed. And it also does make sure that the lending is is against the assets of that institution so they sort of become sort of service banks become more servicers of policies for for lending as the lending is ultimately fully capitalized and not fractional reserve lending. I think that is completely unworkable, at least in the current economy. If you look at the balance sheets. If you look at the money supply in the Fed, you will see that the balance sheet, you know the money generated by the commercial banks are in the order of four times or five times, something like $20 trillion because compared to what the Fed has, it's like with the reserves and everything else in the range of five to 10. So, to be then saying that you cannot generate more money than reserves becomes a problem. Right. That means there won't be any credit in the market. Why is how is that controlled by constant monitoring like the Fed, the Fed and the OCC and all these organizations audit the banks at regular intervals and the threat is that they will pull your banking license. If you're, if you're behaving like, you know, at the X behaved for example. But these are all centralized structures so how do you deal with decentralized structures. This is this is a problem. Anyway, we have come to the end of this call but I would be.  You never sell your hardling. Then it becomes an option to reduce speculation because you're never going to sell never going to buy, and maybe you buy more but never sell, which means the price will keep steady. In any case, it's been a delightful hour. Although we didn't have too many attendees but we have people who are very involved in this conversation. And thanks to everyone, and we will publish this, you know, this recording for what it's worth. We're looking at different ways to reduce the risk. And hopefully there's ways to do. Thank you. And I think I'm going to end the call. Stop the share is always. Thank you. We'll talk in a new year I guess. Sure. Bye bye. Talk to you later.


What's up, everyone? It is your girl, Kenzie here, from Leighton Sports Cars, and I'm ripping 21-22, Panini Obsidian Basketball, hobby six-box break number 12. Pick your team. Then go over the teams, and then we'll get started here. Got Aaron W. Pistons, Alex N. with the Celtics and Hornets, Andrew L. Raptors, Anthony M. Bowles, Anthony P. with the Nuggets, Bojabi Clippers, Kristen S. Warriors, Kristen S. Warriors, Christian P. with the Sixers, Damian K. Bucks, Derek J. Lakers, Faheed H. Cavs, Hinlong T. with the Heats, Inku K. Spurs, Jonathan B. Wizards, Jordan N. Blazers, Jordan D. Sons, Jordan C. Kings, John M. Nets, Kayla B. Jazz, Kenneth R. T. Wolves, Mitchell A. Rockets, Moe S. Pelicans, Nam Koo-El with the Magic, Richard S. Grizzly, Stephen R., or Stephen Roy S. with the Mavs, Pacers, and Thunder, Suzanne P. Hux, and Wayne S. with the Knicks. All right, best of luck, everybody. Let's see what we get. Again, we did get the Electric Edge Blue Flood SSP out of the first half of this case, but I'm feeling a big RPA out of here. Feeling a big RPA. We've got rookie Aaron Wiggins for the Thunder, James Harden, Sixers, and Shaq for the Lakers. First auto up, we've got nine out of 50 Galaxy Auto of Bogdan Bogdanovich for the Hawks. Bogdanovich, 35 out of 99 Volcanic Auto Miles Turner, Pacers. Pacers hit. Greening to 25, Tyrese Maxi for the Sixers. That is six out of 25, and nice one here. Another short print hit. Also considered a case hit. Who's got them? Where are they? Where are they? Derek J. with the Volcanics. LeBron James. Boom. Nice. Again, not numbered, but it is a short print. Beautiful LeBron. Little Madness went up for you. This is just a great case so far. First half was great. Nice short print, LeBron. Got a thick pack here. Colin Sexton, Cavs. We've got a rookie Josh Christopher for the Rockets and a Norman Powell Clippers. Seven of 10. Gold! Rookie Jersey Auto, Jaden Springer. There you go. On the gold, two-colored patch. Grats, they're Sixers. One of the last teams taken in the last three breaks. There you go. Close our mojo. And we've got two of five Clippers. Red Rookie Jersey Auto, Brandon Boston Jr. Wow. Clips. Boa B. Nice one there to five. Wow. What a case. We'll mag that one for you. Orange to 50, Evan Fornier for the Knicks, and Tunnel Vision Purple, Jason Tatum. That is 30 out of 75. Yeah, the reds are nice. I mean, that's cool little off-color notch there at the Sixers, too. The red, white, and blue. The patch is blue and white, and then the card is red. So a little bit of all the colors there. We've got Frans Wagner Rookie Magic, Jelma Rant for the Grizzlies, and a Woosevich for the Bulls. 10 out of 50 for the Clippers. We've got Robert Covington on the Aurora Orange, and Bulls. We've got two out of 99. RPA, Ayo Dosumu. There you go, Chicago. Nice RPA there to 99. Orange to 50, Port Zengas for the Wizards, and Purple Cadwell Pope Wizards to 100. Box four, Bones Highland Rookie Nuggets, Siakam Base, and Joellen B Sixers. 44 out of 50, Obsidian Rookie Eruption Auto, Daeron Sharp on the Orange, and cool one here, Cavs. 52 of 125, Aurora Auto of Rajon Rondo. Thanks, Rondo. Another cool vet hit here, and this checklist. Got Orange to 50, Jason Tatum for the Celtics, and Purple, Aaron Gordon to 100, Nuggets. Box five. I don't think Fields is it. What's your opinion on Justin Fields? I mean, I hope he's good because the Bears deserve a good QB, but... So just not, I don't know. I don't think it's it. I don't think it's the answer. Zach Laveen, Tim Duncan, and Aaron Gordon. 21 out of 25. Oops. Oh, I spoiled the next one. Darn it. Keldon Johnson for the Spurs. Y'all probably solid. It's a nice one too. Who's got him? Darn it, kids. We've got Henlang. 14 out of 25. Volcanic Auto, Dwayne Wade. Boom. Nice D-Wade Auto. Congrats on that again. That is a low number to 25. 14 out of 25. Grats on that one. We'll mag that. Purple to 100. Austin Rivas. And a Josh Giddy Supernova for the Thunder. 53 out of 99. What a fantastic case this has been. My goodness. Okay, see, Stephen Roy. Here you go on the Giddy. We'll mag this one too. Oh, you're not going to do the Sam.  He's like... Oh, really? Yeah, every time for a Giddy. I can't do it as good as he does, but it's funny. Yeah, what a case. I mean, this case has been fantastic. Do you imagine this as a case break? Yeah. All right, last box here, everyone, and then we will do a recap. We've got something coming up here. We've got Deandre Hunter-Hawks, a Jonathan Komega base here for the Warriors, and Bogdanovich Jazz. We have nine out of 35. Purple RPA, Scottie Lewis for the Hornets. Scottie Lewis. Oh, yeah, for sure. I agree with you. They're like... And 23 of 149 were our Otto Brad Miller for the Kings. Brad Miller. All right, and last two cards. We've got Orange to 50, Russell Westbrook Lakers, and Orange, Pitch Black Jalen Sucks for the Magic. That one is four out of 35. Nice Sucks. 35. All right, give me one second. We will do a recap here. Another very solid half-case break, for sure. All right, we had Brad Miller for the Kings, Rajan Rondo Cavs, Volcanic Otto, Miles Turner-Pasers, Galaxy Otto of Bogdanovich for the Hawks, Orange Aurora Otto, Robert Covington for the Clippers, Orange Rookie Eruption, Daren Sharpe, Nets Green Aurora, Spurs Otto, Keldon Johnson. We had RPA Iodosumu for the Bulls, Rookie Jersey Otto, Gold to 10 Sixers, Jaden Springer, RPA Purple, Scottie Lewis, that is out of 35. Nine of 35 for the Hornets, and then our Magg Cards. We had Supernova for the Thunder, Josh Giddy. Beautiful hit there. That one was 53 out of 99. Short print, Case Hit Volcanics, LeBron James for the Lakers. Again, not numbered, but that is a short print. We've got Orange Volcanic Otto Heat, Dwayne Wade, 14 out of 25. And then we've got two out of five, Rookie Jersey Otto, Brandon Boston Jr. for the Clippers. Fantastic case there. Great second half of that case as well. We've got another one of these breaks coming up in a few, everybody. Thank you.