There are millions of feet of pressurized pipeline in the United States that are aging and that need to be rehabilitated. In this episode of the Civil Engineering podcast, Steve Soldati, Civil Engineer, is going to give us some strategies for rehabilitating those aging pipelines. He's also going to provide us with two steps that you can take if you are a civil engineer looking to navigate a transition or make a change in your career. Let's do it. All right, now I'd like to welcome Steve Soldati. Steve is a civil engineer with in situ form and Steve, welcome back to the Civil Engineering podcast. Thank you. Thanks for having me again. So Steve, it's been a while since you've been on the podcast about, you know, 75 episodes or so. You've had some career transition since that time. Take us through that a little bit. Yeah, well, thank you, Anthony, for having me back on. When we last hosted a podcast series with me on, I was working as an internal in-house consultant for the Florida's Turnpike Authority. And it was more of a consultant role that I was in, was there for a few years, really helping the client, you know, plan, budget, and execute projects from small transportation projects all the way up to two major multi-million dollar multi-year projects. But part of me, just due to my personality and due to my desire for my career, had always had a desire to get into more of a sales and business development role, really help companies take that next leap, moving forward with whatever goals they have as a business. And so I actually reached out to a couple of companies and realized that I think more of a product sale company was kind of more of a better fit for me. And so I started kind of putting some feelers out and got with a company in-situ form Technologies, who is currently looking to make these leaps and change directions and go into some new directions to help keep up with the aging infrastructure that we have in America. And so after a few interviews and a few some few discussions, I was fortunately asked to come on board and I've been here for the last five months or so, you know, trying to really push things in a new direction, you know, for the company. So it's been great. It's great. Congratulations on making that change. It's not always easy to make a career change. You kind of have to identify that you want to do something different and then go through the process. So what we're going to focus on here today, Steve, is pressurized pipeline and how it's related to the conversation around infrastructure. And we're going to really dive into that. The first thing I want to ask you though, and I think maybe a lot of our listeners will get this, but for some of our listeners who might practice in different disciplines or might be civil engineering students, just what is a pressurized pipeline to start?  But of course, we have the conveyance of, you know, water, gas, fuel, you know, whatever it may be throughout the whole country. And so a pressurized pipeline is essentially a pipe, whether it's steel, cast iron, concrete, that conveys a fluid, you know, whether it's water or wastewater or fuel, gas, oil, with a use of mostly, you know, pumps to get it from point A to point B where you don't have the topography helping you with, you know, a pipeline flow, you know, maybe from like a high part of a mountain down to a community.  But the easiest example of what a pressurized, you know, pipeline is, is how you get your drinking water at your house or apartment, you know, that water being brought to you is coming from either a water tank somewhere in the near facility, and then being pumped and using gravity to come to your house.  For sure. So, yeah, potable water, gas, as Steve recommended, you know, systems that are closed, whereas I did a lot of work in stonewater, you know, stonewater systems are typically open to the surface, right, water gets into catch basins and it flows by gravity, as Steve suggested for the most part. So in terms of these pressurized pipe systems, what is the landscape of the nation's existing pressurized pipeline infrastructure? Yeah, of course. You know, we, with Institute of Formed Technologies, you know, we partner up with the Trench to List Technology Center over at Louisiana State University, and they've done surveys and studies, and they have found that there are more than one million miles of water mains, you know, so potable water mains under pressure throughout the entire country. And this, you know, from pipe materials, from PVC to asbestos pipe, concrete pipe, cast iron, you know, ductile iron, and whatnot, a majority of that pipe material being cast iron. And of those one million miles of water main pipelines, over 60% of that quantity range from six to 10 inches in diameter. So we're not talking very huge pipe, but we're talking just a network, a vast network of pressurized pipe supplying potable water to various communities, various businesses, whatever it may be. And then on top of that, we also need to be able to treat, you know, waste water, right? So, you know, every time you go to the bathroom, every time you go to a restaurant and they're flushing everything down a sink, all that water needs to be conveyed to treatment plants. And so with that network of pipelines on the tail end of water use, there are over 60,000 miles of force mains with very similar pipe materials as the potable water side. Now, there's almost half of that 60,000 miles of force mains and other sewer pipelines under pressure. There's, you know, that the ranges from four to 12 inches in diameter. So again, a vast majority of pipelines underground are anywhere from four to 12 inches in diameter. Underground cannot be seen, but need to be addressed here in the near future. Yeah, that's amazing.  And, you know, obviously potable water is critical to the health of the citizens of our countries and around the world. So to that end, you're talking about all of the different the amounts of these pressurized pipe systems. What is the risk associated with this aging infrastructure? Yeah, of course, you know, you kind of started with that risk is it's, you know, it's the, what is the, you know, the influence of the health of the communities. And so, you know, the risk that we see with aging infrastructure is, you know, both a financial and an environmental risk, right? So from financially speaking, you know, the longer you let an asset age and not be maintained or addressed, it's either going to deteriorate and fall apart, or it's going to provide some type of possible environmental risk or health risk, you know, maybe, you know, from, you know, bacteria or, you know, a pipe leak or whatever it may be to help to facilitate any type of infiltration from maybe an area of contamination. But also, you know, from a wastewater standpoint, if a pipe is leaking, then you have the influence of the environmental impact that could be very costly. And so really the risk is the longer we wait without addressing proper rehabilitation or replacement or improvement of infrastructure, it's going to be both more expensive and also more devastating to the surrounding communities.   But same thing applies to infrastructure, you know, if a water main breaks, now we have folks who are depending on that water for their daily use and or business. And so the longer we wait, the more costly and the more complicated things are going to be in the future. So need to address it now. Sure.  I mean, these are, you know, affect the health and well-being of the public.  We need to fix them. We need to repair them. We need to improve them from an engineering perspective.  Let's fix everything. But from an engineering perspective, what are the challenges in trying to address this aging infrastructure, these pressurized lines that are old and kind of decrepit? Yeah, definitely. You know, there's many challenges and, you know, engineering wouldn't be engineering if there were no challenges that we had to tackle with various agencies and various items. And so a few of these challenges are the fact that there is a growing population within this country in various areas. But, you know, people continue, the population can use the growth where the demand is still high for potable water and to be able to treat the wastewater after that initial potable water is used. And so with that, there's also an economic challenge of disruption that we're trying to avoid. Because again, that's, there's the direct cost of replacing materials and using the labor to do so. But there's also an indirect cost of how much a cost of community when you do disrupt a local business and get in there and not be as efficient as we can. So from an engineering standpoint, trying to find that optimal position where we can address the issues and then tackle those challenges. But while still being very efficient and innovative with our ways of methods of construction. And so with that, there's also the challenge of bypassing this water. So again, like I said, society demands a certain amount of water per day and it's reliant on that water. And so being able to continue to supply that water while under construction is a huge challenge that we need to be able to tackle. You know, one example is the transportation world. We see it all everywhere where we have constructed on the highways, but they're not having to shut down the entire highway to perform either a widening or resurfacing or some type of work on that roadway. And so again, same thing applies with the underground pressurized pipeline infrastructure is that there needs to be a way for society to continue forward while still addressing the issues. And it may sound expensive now, but it would be even more expensive if we were to wait and not address it, you know, today. Right. So, you know, it's obvious just from our conversation so far that there's a lot of these pipelines they're aging and the longer we wait to fix them or rehab them, it's going to cost a lot more money and potentially cause a lot of damage. So while there are risks involved, what are some things that can be done, techniques, strategies for renewing or rehabilitating this infrastructure? Because I know that that's something that you get to work on now. Yeah, absolutely. So really when it comes when it boils down to is that you have the traditional way of performing rehab work for underground pipelines is to dig and replace. And in some cases, you know, this makes sense. It's the most efficient. There's a least amount of disruption. But the great thing about where we've come in the engineering community is that there have been technologies that have developed and matured over the last several years that have been able to address the added challenges and the newer challenges that we face, trying to rehabilitate various pipelines underground. And so with that, the realm of trenchless technologies is really kind of where everything will kind of fall under. And so you have essentially your trench methods of replacing or rehabilitating pipelines, but then you have your trenchless. And within those trenchless realm, there's a few objectives that we're trying to achieve. And one is to extend the life of the existing infrastructure, which is one of the main goals. And then asking yourself, do we need a structural solution, or do we have a good pipe, but it's just leaking? So do we need just more of a semi-structural design to stop maybe some unfortunate leaking? And of course, one of the objectives with trenchless is really trying to minimize the disruption in the local community. Like I said, it's kind of more of an indirect cost. It's harder to quantify that impact. But if you talk to any local council member or local leader, there is a type of cost to that. And then of course, from a health perspective, being NSF 61 rated for potable water is always the goal as well. So with that, there are a variety of options that we can choose from from what we call a cured-in-place pipe. It's essentially a pipe within a pipe that is inverted or pulled through and inflated. And then that can cure in place. We also have a fiber reinforced polymer that essentially goes up like wallpaper for larger diameters. There's pipe bursting, where a head will come through the existing pipe. Essentially, break that pipe apart and then pull a new pipe through. We have spray-in-place pipe that you essentially kind of like when you texture a wall at your house. It's a cementitious material that's sprayed along the pipe that then builds up thickness for rehabilitation. And of course, there's slip lining, which you're pulling a smaller pipe within a larger host pipe to be able to convey that fluid or that medium or media, whatever you are pulling through. So with these options out there, the whole idea is trying to add tools to your toolbox for engineers and agencies to consider. Sometimes a few of them are not a good fit, but in many cases, at least one or two of these options are a good choice to at least consider because when you look at the traditional way of performing this work, there's a lot of add-on cost that may not be apparent upfront but is realized further down the road with the project details. And so things like restoration, things like traffic control, that there's a cost to that. And of course, the longer schedules that it takes when you dig everything up, utility conflict risk with digging everything up. And so you don't know what's underground until you get it to it, which could be very costly at the time. And so all these factors go into being able to consider a trenchless method as a viable feasible alternative, if not the main purpose. And so a few of the questions that are typically asked when going down this route is what type of problems is a pipeline system experiencing? So that kind of goes into you're really trying to answer and get to what is the actual issue that we're having. And so another question is, how much longer do I need this asset? I mean, is are we trying to have a brand new design life incorporated or does the pipe just need to carry another few years before a bigger project comes in? But right now something needs to occur. And of course, additional capacity in the pipeline, what are we looking at as far as demand? There are many projects throughout the country where they are upsizing their pipelines. And so to meet and keep up with the demand, but in many, many other cases, we are looking at just rehabilitating the pipe size works just great, but we just need to be able to replace it appropriately. And then of course, there's always the multiple services connections that we may have off of a potable water line to help serve those communities, the houses, the apartments, the businesses that becomes a big challenge that we need to tackle. So Steve, all that being said, sounds like some really good potential solutions for different scenarios potentially. And you gave some questions there that engineers can walk through with their clients or agencies to determine whether or not these are good solutions for a specific project. But if the answer is yes, if the answer is these are potentially good solutions, what are the steps in terms of an engineer specifying these items, finding out more information, putting them on their plans, walking a contractor through them? Tell us about that step in the process if they decide this is right for them? Yeah, of course. So again, it starts with what kind of landscape, what kind of issues are any engineer or agency experiencing at this time? And so where it starts is trying to break the ice on even thinking outside the box. So that's where I step in as my role to help these engineers and agencies understand what are the other options. I know in my garage, I like to have a toolbox full of different unique different little tools to be able to address any issue that may come up. But I need to understand and know what's in my toolbox before I could properly apply those items and those ideas to certain scenarios. And so that's where it really starts at day one of planning and or design. And so if an engineer just got a contract with an agency to take a look at a pipeline that needs to be addressed or maybe like a network of pipelines in a small community or whatnot, it really starts at day one understanding what's in the toolbox. And then coupling that with the challenges and the objectives of that project and then having those two mesh together to come up with the most optimal solution. Trying to, of course, there's always the top three. There's high quality under budget and within ahead of schedule. And so trying to meet all of those as best possible is the ultimate goal now. We all know from the construction world and then overall engineering roles that between quality schedule and cost, you get to pick two that one of them is going to suffer, but trying to minimize the total impact while still providing a high quality product is the ultimate goal. So for those listening and you're wondering, when should I incorporate this stuff? The answer is at any time you should consider it, but the optimal time is to get it early in design. So I am available to for calls or emails or you can reach me on my LinkedIn account to message me on any type of questions you may have, but it really starts with the engineer moving forward. That's great. And we're going to link to all of Steve's information and the show notes for this podcast on our website as well as below this video on YouTube. So what we're going to do now is we're going to come back in just a minute and we're going to put Steve on the civil engineer hot seat. And really, since he's been on it before, we're going to talk to him about his recent career transition a little bit as there might be some things that you could take out of it if you're thinking about making a transition in your career moving forward. I hope you are enjoying this episode of the civil engineering podcast, which is produced by the Engineering Management Institute. Please be sure to subscribe to our YouTube channel here for more podcast episodes. And for all of our engineering manager, 20 short videos that we publish weekly where we interview successful engineering managers. Now it's time to jump into our civil engineering hot seat segment. We're back with Steve Saldati, civil engineer within situ form. And he told us a lot about pressurized pipe systems and how we can kind of help with rehabilitating some of them going forward. However, what I want to focus on in the hot seat segment today is Steve recently made this kind of transition career transition, you know, civil engineering is a big, big field with a lot of different disciplines. And Steve was doing something different. And about six months or so ago, he made the transition. So Steve, take us through a little bit your thought process of why you wanted to make a transition and how you approach the entire process. Yeah, of course. So for, you know, for me, it goes all the way back to college. You know, I knew I wanted to major in an engineering degree or program, which, you know, ended up being civil. But I, in the back of my mind, I always had an interest in on the business side, you know, of things. I even came close to minoring in a business degree. But just, you know, you know, any engineering student knows that, you know, the engineering workload is or classwork is heavy enough. And so I end up not officially going that route of trying to earn a minor in business, but always had that interest. And so, you know, kind of fast forward to, you know, my graduation, fortunately, I graduated in 2009. So right when the recession was, was at its peak and trying to, you know, get into some work. But I got into construction early on, because the Army Corps of Engineers had already appropriated a bunch of funding for some work. And so I was fortunate to get on some some work in construction and really kind of see that side of the industry. But, you know, all through my 20s, you know, the goal was to get as much exposure as possible. And so with that, you know, saying yes to many opportunities and, and, you know, given 110% on certain tasks and new responsibilities. Now, if you know, kind of fast forward to my late 20s, you know, long story short, made a life move to from California to Florida. Now I'm looking for another job at that time back in 2014. And, you know, from there, I knew that I had limited experience wanted, you know, in Florida, and also limited experience outside of federal government projects in construction. So, you know, with that, I knew that something had to kind of give from my end.  And ultimately that led to, you know, a job with with the company and the transportation world, which was great.  So from projects, you know, small like replacing some some street lighting all the way up to helping to execute projects to expand a roadway network. And so a variety of different projects, you really need to kind of have that type of personality where you try to rally the troops, you know, get the teams together, have open communication, and just be somebody that others want to work with you. Because I know that within the engineering community, there is a wide variety of personalities of types of people, types of different types of roles and responsibilities, you know, it's not just engineering, but there's engineering, there's contracts, there's planners. And so really trying to be that person to bring everyone together to tackle solutions, because there's always challenges every week. And so, but for me, you know, that was a great exposure, great experience, but it was so focused on, you know, projects that still had that desire to kind of get that sales and business development experience under my belt, and to have more of a business focus rather than just a project focus. And so for me, you know, I was, you know, looking around, I felt like the, the type of business that would best suit to meet my desire for my career was a company that sells a product versus a consulting company.  And so for me, that was very exciting to, to start something new, you know, I was, you know, I'm in my young 30s, I'm still kind of really trying to, you know, you know, increase my career growth. And so for me, this was a really exciting opportunity to, to test out, you know, what I thought, what I think I, I may have as far as, as far as a skill set thus far, and then develop, continue to develop my skill set within this realm.  And so that's just, you know, a part of me that is really being able to come up with a good game plan. That's great. And so it sounds to me like, Steve, you made two big transitions, one of course, moving from California to Florida, relocating across the country, which is huge in terms of lifestyle change and career transition. But then secondly, you made a second career transition change recently from one type of work in the world of civil engineering to another type more business and sales treatment. But it sounds like that one of the biggest factors in helping you to make these transitions successfully was kind of the network of people that you built around you. Is that accurate? Yes, absolutely. I can't say enough about the, the type, the network of people within the engineering community, and specifically the civil, because I don't have the experience with, you know, mechanical or the tech or any of that.  And so it's actually pretty unbelievable of just how many degrees of separation are right around you that, you know, the whole like six degrees of separation, you know, idea that can be said for the engineering community as well. And it might even be smaller than that, you know, maybe even like two or three degrees. But my first boss and first mentor, Larry Smith, from the Corps of Engineers, was a huge help, you know, with that and actually helped set my foundation for my career. And I can't thank him enough for what he did way back then. But just he showed me just how much it means to have that community with whether it's ASCE, whether it's the, you know, National Society of Professional Engineers, you know, whether it's SWE, you know, whatever it may be, having that community, being able to get out and get those connections is paramount for career growth. And not just career growth, but also just flexibility. You know, we live in a world where, you know, it's so easy to fly from East Coast to West Coast and the communication is so much more open than it used to be. And so, but, you know, one caveat to that is that, you know, because I had a lot of students when I was part of the ASCE Young Memory Forum is, you know, they're very, very afraid that they won't quite be as impressive as they think they should be.  And then things will grow organically from there. But it's just a matter of just, you know, getting out. So if there's a happy hour that maybe a local group is having, just go out there and meet a couple new people. You don't need to meet the whole group that night, but just start with a couple people, you know, or if you know somebody within your office going to an event, you know, that's a great icebreaker, you know, to go with. And then from there it will slowly evolve to all of a sudden, you know, somebody maybe wanting to go work in like the Northwest United States. And then through a couple people, they have a foot in because what I remember from moving to Florida is that when I called up on an engineer asking for any open positions, you know, first question was, you know, who the heck are you? Second question is, do you have any Florida experience? Well, no and no. But it's so much easier to make a cold call when there's already a mutual connection there. And so people tend to just be a little more open when you have those connections already in place. So. So there you have it, if you're considering a career transition as a civil engineering professional, what I take away from Steve's experience here is really two things. Number one, think about your strengths, the skills that, you know, the things that you do well and the things that you want to do and look for, of course, career opportunities where you can incorporate them and use them on a daily basis. And secondly, you know, lean on your network to help you find that transition or, you know, navigate that transition because it's obvious from Steve's experience that the network is a critical component of it. And we preach about that all the time on the podcast, get involved with ASCE, get involved with professional associations, local community organizations because it's just going to help you with all of that. So Steve Soldati, civil engineer from in situ form technologies. Thank you so much for coming back and visiting us again on the civil engineering podcast. Oh, thank you very much. I think it was a pleasure talking with you. I hope you enjoyed this episode of the civil engineering podcast on YouTube produced by the Engineering Management Institute. We're always looking for new ways to help engineers become effective managers and leaders. You can view all of our content on our website at engineeringmanagementinstitute.org and be sure to subscribe to our YouTube channel here for our weekly videos. Until next time, please continue to engineer your own success.


tool bag we're making good use of it during our EDA tool config also. Thanks Tammy we'll pass that on. Columbia's Tacos restaurants one day away from preparing your Thanksgiving meal. Good morning from Houston and Alice's restaurant. We have our turkey falling out right now. Columbia Houston for Tammy we had one final Delta we if you have a chance it's on page seven dash twenty five let us know when you're ready. Okay Tammy it's in the EV2 column and prior to step one we're adding in check cable caddy stowed for EV again on page seven dash forty let me know when you're there and we're there Tammy I think we all know that should be the fourth half hole from the aft end to bridge rail. Columbia Houston no need to answer we just wanted you to know that FAO's telemetry indicates that you're eating your meal at this time. Simple sometimes to go for FAO. Columbia Houston we see a good burn. It has a lot of history in our country and I won't go over that history I'll just say that it certainly is a time where families can get together sit down enjoy a big meal together that's usually what we do with our family of course we have different people that we do that with different years but it's kind of nice to sit down with 15 20 people in a family and laugh and eat and laugh and keep eating all day and turn the television on every now and then and watch one of the football games that are going on and I know that people in Texas will be watching their long horns and I know that they'll be watching the Dallas Cowboys play Washington tomorrow and Dallas and so all those things go on on Thanksgiving Day and it's just a nice family gathering and as well it's a time for people to say thanks for everything we have in America we're very lucky my wife and I lived in Russia for the past year and a half and of course they're developing democracy right now and I must say we really haven't been in our country and I think and I didn't even realize how good until I returned from Star City Russia last July in Houston so we have to say thanks for all the great food and all the great things we are lucky enough to have in our country and that's my message to everybody in America


What is going on everybody welcome to market talks here on coin telegraph. I am your host Tim Warren I'm so excited to be here with you guys today This is the show where every single Thursday at noon Eastern Standard Time at least we go live giving you guys everything You need to know about the latest and greatest news headlines in the world of crypto and break them down with a special guest So that you can understand them better and invest wisely in them. I'm so excited about today's show I'll be joined today by Okay, the wrong name Julian Julian is amazing, but I got the wrong I got the wrong intro form So give me just a second so I can pull this one up for you guys Julian is a CEO. I gotta get to the thing I'm so sorry about that everybody My we've got the wrong link up here Julian he's the CEO and co-founder of cake D5 a highly intuitive online platform Dedicated to providing access to decentralized financial services He's widely regarded as the leading influencer in the crypto and blockchain space with over one million followers across all of his channels Globally, he is also a best-selling author and his vision is to bring blockchain awareness and understanding to a billion more people By 2025, let's go ahead and roll Julian's clip. I do not know what happened there with my link But Julian what is going on man? I'm so glad to have you here on market talks. How you doing this morning? Tim awesome. Thanks for having me looking forward Yeah, I mean we're gonna talk all things Ethereum obviously that is the biggest biggest headline that everyone is worried about today We've been waiting now for four years for the Ethereum merge and it is finally happening feels like Exactly it like I've actually I haven't even been in the space for a full four years But I remember having conversations with friends who were in crypto at that point and I remember them talking about a Ethereum coming other like oh, yeah, Ethereum 2 is coming out very soon. And then you know now I'm in the space I'm like alright. I'm still waiting, but it's here. It is finally here the question though What happens next? I want to get your take on all of that. Let's just start off Julian How are you feeling about this Ethereum merge? What is your overall feeling about Ethereum moving forward at this point? I Think first of all really excited. I think big step forward Not only for Ethereum, but really the entire industry One I mean with all the excitement though one has to say that Ethereum did strip away a lot of the features and a lot of the steps that were originally planned for the merge But nevertheless, I mean this was really like jumping out an airplane and Changing the parachutes basically along the way. So that was quite cool A lot of people were waiting what's gonna happen to the price is the price gonna pump is the price gonna dump Initially the price did pump a little bit then it kind of stagnated now I mean just as we're watching this life here. There is a massive sell-off, but that's not really crypto focused That's really more coming from the general market. So I don't think that sell-off right now has anything to do with Ethereum you see this across the board. I think right now people are also gonna be waiting a bit What's gonna happen to a potential proof of work fork, which is supposed to happen within 24 hours I think there's still gonna be a bit of some rumbling there, but other than that for me. This is really bullish especially a bit in the mid to long term and Yeah, I'm I have stacked up a lot on on a serum over the past couple of months I was very public about that and I'm glad I did You know you mentioned it a little bit right there in your answer, but let's dive a little deeper You know you talked about how there were some other things that we might have expected not everything happened But in case someone's watching this channel and they're not very familiar with all the technology of Ethereum and what this move to prove Mistake means what are some of the big outlines of what this merge really means for the Ethereum space not just price action But actual adoption and use case for the project Well originally some other things were supposed to be integrated in that kind of upgrade and we can discuss those But at the end right now actually the user is not gonna see much change Simply because Transaction limits are not changed Fees are not gonna be impacted much Throughput is not gonna be changed. So there's not really anything massive that changed up there And that's obviously the big thing that is the consensus got changed now with that I don't know if you want to pull up that dashboard that we've discussed ultrasound money One thing we will see though is that we're gonna see quite some burn probably so Bitcoin is becoming deflate Ethereum is gonna become deflationary and Yeah, they having a dashboard where you can kind of follow that since the merge. So, yeah So far 184 ease got burned since the merge. So that is probably some of the changes Does the originally it was planned that the ease would get unlocked right away now This is what's called Shanghai upgrade is gonna take another we don't know six or 12 months. So they are they did this kind of Remove some of the selling pressure there. So a couple of things obviously we're still waiting for scalability Nothing has changed there transaction fees. Nothing has changed there throughput none of these things. So that's still what we have to wait for Do I think it was the right move to go this route for sure? Otherwise probably wouldn't be waiting another 40 years for that upgrade and now this step is done And now we can kind of reiterate reiterate reiterate. So I think it's the right move forward But you as a customer use a user You shouldn't be feeling seeing much to be honest One key thing that I just want to highlight here I really think there's gonna be a lot of fake Vitalik put her in some Twitter Trying to entice you to get this airdrop with that airdrop to fill in your private key there or send your ease there Please please please don't get scammed there This is this just brings in back memories from the entire kind of Bitcoin forks in 2017. So just be Uber Uber careful there Yeah, you know Julie, I'm curious one of the things that I think is really big because as you mentioned as as far as Fundamental operations that theorem didn't change a lot gas fees aren't gonna get cheaper. They're not transacting any faster the biggest thing is gonna be the potential moving forward and One of the potentials that has been put on the table that I think is very interesting is with the move of proof-of-work to proof-of-stake Whether people agree with it or not it will be viewed as a more environmentally friendly Project, you know, of course, that's one of the still things that's hovering above Bitcoin's head is while most of us know It's not a big deal a lot of people act as if proof-of-work is still environmentally Harmful with us now seeing a move to proof-of-stake on Ethereum What do you think the institutional and well adoption of a theorem will be moving forward for people who are conscious of ESG scores? I Mean you are hitting the nail right on its head. I go to the World Economic Forum website I mean when you go to their website and you look for blockchain there Generally, they talk about like any kind of environmental stuff ESG Kind of solutions to certain problems, but there's no real talk about any kind of public blockchain Except for today for the very first time the World Economic Forum talks about the successful merge and what this could mean for the environment and what this can mean for the broader ecosystem and so on and that is a big deal I've had a mastermind call today with high net worth individuals discussing what to invest in how does this potentially affect this Tomorrow I'm having lunch. I'm having a coffee right afterwards Where all this is going to be the discussion with people who normally don't really talk that much about crypto And I'm assuming this is going to happen all around the world I see three main factors in this the first one we had discussed is a theorem is becoming deflationary It's a lot of people call this ultrasound money. I don't really bind to that narrative as much to me That that entire idea about money I don't see a theorem taking this away from Bitcoin right now And maybe never but I again the deflationary aspect may come in a little bit and some people some funds will bind to that but the other two factors that are gonna be So easy to sell is that ESG component is that energy component? I mean in Europe in the US This is such a big topic right now And I don't see how a fund or a company right now can really heavily invest in Bitcoin With what's happening?  We for example list coins staking and so on I mean that we see such massive drivers and we see institutions We see obviously retail anything that is very interesting to that so I If if at the moment I would have to bet a thousand dollars on Bitcoin or a cerium Then at the moment the bet for me is very clear. It's a cerium that doesn't change that doesn't take anything away from Bitcoin Bitcoin is gonna stay that digital gold To me, it's still the most censorship resistant blockchain that none of that changes But yeah, I see them just has a lot of momentum going for it right now And I understand it doesn't look like it at the price at the moment Yes, there was a bit of a sell-off just right now and over the past week. I get it But that doesn't take anything away from the mid to long term You know, I love that you kind of mentioned that right at the end because that was my next question for you It's a hard one. And is it hotly debated and talked about What do you think about this move for a cerium and you use that word censorship other people would use the word centralized versus Decentralized is the narrative that a cerium just got a lot more centralized. Do you hold a lot of weight in that? Do you think that's true? Why or why not? I Don't buy that narrative at all to me. That's a narrative that The proof-of-work fans are throwing in there They're talking about how mining proof-of-work is so much more decentralized. Well, we saw that last year We saw how China said hey, listen guys We're gonna ban mining and bam pretty much like Bitcoin hash rate completely collapsed By 50% with that the price There was a lot of tumult and now we see a lot of that mining power shifting to the US We see this shifting to other places Now the people bring up that coin base or I saw the statistic today I think about 40% of all the blocks right now on on a cerium either get mined at the moment by Lido or by coin base so they are the two largest stakers and Yeah, people like artists is so centralized. No, there's no change or difference to proof-of-work I know I'm gonna get so much backlash for that from the proof-of-work fans. That's absolutely fine There's just no difference in case coin base Would have their coins confiscated or it would become rogue. Guess what happens the exact same thing as if a miner would be Roke the community would just fork them out in this case It's just even more penalizing because coin base or whoever confiscates their coins would even lose all these coins If you do this with proof-of-work the miners can log on and can log on and can log on again and again Again into the network. We have seen this in the past We have seen miners trying to attack the network the network come together Forking those miners away, but the miners keep logging on so I don't see this at all that Staking centralizes the the network any how different than any kind of miners would do it that narrative that proof-of-stake Incentivizes the early hardlers. Well, guess what look at the miners Who are the big miners today aren't the same people that like got into Bitcoin super early and and have Made a lot of money and then just reinvested that we see this left and right again I'm not saying any of those things because I want to dunk on Bitcoin the exact opposite We're super transparent the majority of our company treasury is in Bitcoin it to me It's still the lowest risk asset But if I would be investing in something where I want numbers to go up where I want to make money Where I want to see stronger utility to meet at a theorem right now and that doesn't take anything away from Bitcoin It doesn't at all. I always feel the the Bitcoin fans. They they feel that they get threatened by that No, it's absolutely great to me It's actually a disgrace when I see some of the Bitcoin fans dunking on a cerium and and first of all hating on a serum for the past couple years that they're not ever gonna get The merch done now to get it done and now they're like, oh, it's not really a big deal I don't know to me. We should stick together way stronger. It's not a Serium versus Bitcoin. It's both it's and it's a serum and Bitcoin both have their merit And I I love that this kind of narrative would be a bit stronger Julian I could not agree with you more I discussed that this morning actually with my viewers on coffee and crypto I was like we need to realize that crypto currencies Should not be seen as enemies of one another. I know that sometimes they have to compete But in all reality, we need to realize we have a common enemy and the common enemy is centralized authority centralized currency centralized power and that crypto currency has the potential Even the ones that some people accuse of centralization. There's so much more decentralized than the current structure We need to work together to have a complete revolution over the centralized power So I couldn't agree with you any more on that one I want to go ahead and start transitioning because a lot of fundamental things we've discussed here in the beginning of the show But let's move into kind of what you were talking about there with price action I know you said it's not to take away from Bitcoin But here is how the markets work money flows a lot money flows out of one coin into stable coins into another And I do think this next period is going to be one in which case we will see money be flowing through theory I'm really quickly Adrian can you go to my screen? I'm going to show the charts and I'm gonna get Julian's take on it in case anyone hadn't seen the charts this morning We're sitting at a key level. I have the fixed volume profile put up here And I want to hear your thought on this Julian But there's been a fat zone right here between about 1460 and about 2020 that we've been trading in here Since about 18th of July. We're sitting at that key support level if we can't hold that or even about 1360 We could be dropping down into a zone that we traded back in June and July Between the levels of 1200 and about a thousand but for right now it does look like bulls are holding up strong Let's go ahead and transition back to Julian go off my screen What are your thoughts about price action Julian about this merge coming out about the those fundamentals that we just talked about in the Beginning of the show. What are your and what are your expectations for price action not only here in the next couple of days and weeks But even macro over the next we're talking the rest of this year even into the end of 2023 I think a lot of the asterium fans just like myself Positioned ourselves in the asterium trade already ahead So it was like by the by the rumor and then we were all scared that the news were gonna get sold But actually didn't get sold. What got sold now was just that entire CPI news from Tuesday and just that fear about Fed numbers and Fed rates and so on So that is a very big key distinction in all of that I do think though that right now asterium is gonna struggle a little bit because it's missing that Extra fan base coming in right now I think there's a lot of people right now in the sidelines who are just gonna be waiting a bit and they're gonna be Waiting what's happening? What's gonna happen to that proof-of-work fork or is everything working smoothly? He said it's not people are still a bit like hesitant They don't understand exactly what to expect and so whenever investors are confused. They they lack that extra action So like what you showed at the chart. I wouldn't be too surprised if Especially over the next days, maybe even one two three weeks We actually see weakness of aetherium versus Bitcoin So that's kind of their short-term horizon. So for me short term is days So I'm not a and a day trader that trades by minutes or by hours for me short term is days Maybe a couple of weeks So I wouldn't be surprised if we see some weakness there but that Narrative is strong right now and people are preparing to come in there are people who want to get Exposure that's gonna take a little bit of time. That's not gonna happen from one day to another to another And so if you're talking to me about Year-end so now we're talking weeks and months here. I see the exact opposite. I see aetherium Outperforming Bitcoin. We have seen this the entire year. Actually, we've seen this the past couple of years It and that's what I'm just seeing at the moment. So talking price here Bitcoin and it's the mother It's always gonna set the direction if Bitcoin is gonna it's right now trading under 20,000 That always sets a bad precedent for all the other coins if Bitcoin actually starts touching the lows that it has in this entire cycle Right now, which are like 17 500 or something. I don't know the exact number, but if it goes there Again, I also think aetherium is gonna go relatively quickly even to a thousand and it's gonna start touching its lows as well If Bitcoin can actually hold the twenty thousand and that's a key market such a key market Psychologically if it can hold that Very rapidly Bitcoin is gonna aetherium is gonna earn back the 1500 1600 and then Quickly my opinion we can see the 2000 and and even higher That's gonna be a very very very key kind of distinction here. I Still don't think that aetherium can dictate the direction against the dollar against Bitcoin. So if Bitcoin goes up To me, it's very easy for a serum to go up if Bitcoin goes down It's very difficult for me for a serum to actually go up against the dollar. So we just have to be a realistic here You know, we talked about some fundamentals in the beginning of the show Let's take those fundamentals and bring them over and some of my questions with the how they'll affect price Let's start with the triple having people are calling it the concept that aetherium supply daily supply is dropped 90% Which is even stronger than what a Bitcoin having is Do you think that that could have any effect very soon? How long do you think before that will take effect because while I agree that I think the Demand is gonna potentially continue to follow Bitcoin and move step-for-step The concept of the drastic drop in supply an aetherium should bring a price increase The question is when so if you ask the question how long before that supply shock that triple happening How long before those fundamentals actually start to take effect on the price? Sure. I mean at the end it's gonna come down to How much of an impact is that as you mentioned and we have actually seen this prior already Where the burn was so strong that we actually have seen deflationary periods on a serum So where more East got burned that they were created. So that's what really matters, right? So what truly matters here is not so much The happening in a sense where how many how many East get created I'm sometimes saying Bitcoin because the happening always normally is associated with Bitcoin So aetherium How many East got created and then how many got burned and that net effect is what really matters So it doesn't matter if the so the inflation rate of a serum has dropped significantly What really matters is Inflation minus burn is that gonna stay in inflation or is this gonna go into a burn and we've seen on this dashboard Since the merge we have seen a small deflation that's strong I mean that's definitely something that's gonna have an impact. Maybe not right now, but especially over time So that is a key aspect, but it's gonna come down to how strong is that burn? Is that gonna go into a strong deflationary effect then this can definitely be very very powerful If that doesn't if the burn is not as strong If people are not using it as much if they are a bit more on the cautionary side They're waiting a bit on the sidelines this can happen then even if inflation has gone down if the Like a triple happening happened That's not gonna have that impact. So it will depend of it It's it I would love to sit here and say hey, that's gonna have an immediate impact But that's just not the case again I think over the next couple days and weeks we see a little bit of aetherium weakness against Bitcoin and that's gonna then turn Around probably in two or three weeks. It's just the sentiment right now Merge happened. Everyone is like cool. So what now they're waiting any issues? No pay What should really happen should I feel something? No, it's still the same and then that impact comes in Yeah, I question. I don't know if we even talked about this, but maybe you're not aware of it And I'll ask it and then find out if you have a thought, you know We read a report yesterday that said that aetherium actually at the moment has the most Amount of shorts operating right now like it's the highest amount of money shorts are paying to to longs right now Which is a recipe traditionally for a short squeeze happening Do you think those shorts can actually start to pick up momentum or do you think that a short squeezes is viable over the next couple of days and weeks? I Mean right now the shorts are winning But not because of aetherium, but just because of the entire market. So right now They're kind of building equity if you want to call it So I'm not sure if there's actually a short squeeze right now, but I mean definitely they're like dominoes I didn't know that they it there was such a high amount of shorts sitting right now In theory, you would actually have to say that they lost I know that the markets kind of played into their hands But actually they lost and it was a bit of a bit of a fear here, right? Are we gonna see a strong sell of on a serum? We didn't see it The seller is coming right now, but that is over the entire market Yeah, that's that's kind of my thought as I like when you're looking at where we are as price action again But I showed you guys at the charts We're at the bottom level of a higher zone and the fact that we're having Historically high numbers of shorts to me That's just that is a recipe for a trader who's looking to make some money because when you're trading you're stealing money from somebody else There's that much space on shorts happening I think it's very advantageous look for people who want to go long to steal some of that money from short So it's gonna be really interesting to watch that price Let's let's move away from a theorem just for a little bit even though this will affect the theorems price Let's talk about the market maybe as a whole something you've discussed Even when we're talking about Bitcoin, we're gonna kind of move it into some some big factors some things that will affect price Moving forward the power of the dollar. What is the Fed gonna do with interest rates next Wednesday? What is your opinion about the future outlook for the market as a whole and of course with Bitcoin being its leader? What the Bitcoin price could be looking like Leading into that Fed announcement Wednesday and then potentially the rest of September Yeah, that announcement is gonna be absolutely key. I don't think necessarily the Interest rate hike is gonna be so key because I do believe I mean people are talking about a hundred basis points right now I don't think that's gonna happen from everything that we see out there. It's gonna be 75 basis points What's the key thing though? It's not gonna be that 75 basis points It's really gonna be the the signaling that Jerome Powell will set there It does he mentioned that Interest that inflation in August didn't drop as much as expected Is he gonna mention this or does he actually say, you know what actually everything looks good direction of inflation looks good we stay course at the moment and Everything looks fine as planned if he's kind of says that I think the market is actually gonna rally relatively strong And people are like, okay the worst behind us 75 basis points they front-loaded all the interest rates just like they said they would I think the biggest issue most crypto investors actually had was they Heard what the Fed was saying, but they didn't listen the Fed was actually very upfront over the past nine months You have to be straightforward there the Fed always said we're gonna be aggressive We're gonna front-load we're gonna raise interest rates and people are like, yeah, that's what the Fed says They're gonna do but you know what they're not gonna do that And then they did actually do it and that's what I always think kind of surprised investors a bit But it wasn't all too surprising. So let's see. What's what what Powell is gonna come out with next Wednesday That's an absolute key thing. The second thing and that's very crypto specific is What's gonna happen to Mount Gox and what's gonna happen to those coins? It's Very confusing in my opinion at the moment I have a couple of friends who are waiting for big coins from Mount Gox How fast are they gonna get released today's the 15th the Story was that you know, maybe today they're starting or is it just that today you cannot Change the allocation anymore. So this is gonna be an absolutely essential part Plus and this brings us now back again to General markets as a whole but it's all ties in together right now Quantitative tightening the Fed is gonna is stopping and today They're like they're kind of spicing this up to buy back bonds. So they just gonna let them roll out and We see this We purpose repurchase rates have gone up slightly That's something that always shows that the market feels some tension there. And so all of this is I mean, we see the effects right now. We see how every everyone is super nervous We see how everyone is a bit waiting To me the the light at the end of the tunnel and I hope that light is not an uncommon train But there is a light at the end of the tunnel and that to me is that we do have the mid-term elections I think 8th of November and I would be super surprised if The current administration isn't gonna do anything in their power to kind of settle the markets have some kind of calmness in the markets again over the next six to seven weeks and that to me could actually be quite an Interesting trading idea. Now, I would only use that trading idea if you actually believe that the current administration has the power to do So that there's an interest for the Democrats to actually do that But that would be the key trading it idea here Everything else when you look at the fundamentals doesn't matter if well, yeah, if we're looking at stocks Even bonds we look at crypto All of that with the Fed with rising interest rates Housing we haven't even talked with real estate all of that looks Scary and it all ties into Yeah, that The dollar strengthening and we've seen some weakening over the past two weeks, but now it's picking up again that looks scary and so There is this trading hope though, so and that's also I mean I've been very vocal that I think that H2 the second half of this year is actually gonna be a Positive half so we're gonna see higher prices at the end of the year then we saw at the beginning of this half Still we're gonna see way lower prices than at the beginning of this year, but for me this means Bitcoin above 20,000 by year-end with that I also think Assyrium has very good chance to get to 2,000 and stay there by year-end And I know some of these numbers are not that crazy because for as soon as means yeah, okay great We're gonna see a 30% increase. That's nothing. That's what we do on a good day Sure, but a bit of different times right now and so a little bit of different expectation with all that You know, I'm gonna even transitions a little bit I'm looking if you guys have any questions in chat make sure you put them in there so I can ask But my final question for you Julian is similar on the similar topic, but it's good gonna change direction here a little bit Bitcoin in its creation in the fundamentals of what it was and of course crypto currencies falling behind it are similar Really was built to be a risk on Asset and what I mean by that is buying it during risk on periods This is right now We're in a risk off place and so Bitcoin is following the stock market so following the Nasdaq SP 500 How long do you think before Bitcoin is treated the way it was created to be treated is to be bought during risk All on periods and not just on the risk off periods Yeah, fantastic question. I think it also has a bit to do with the change of utility. I mean you look at the first couple of years Bitcoin was truly used as a currency on the Internet for nefarious reasons mainly but it was mainly used there and then there was the second kind of cycle between 2013 and then 2017 when Bitcoin really became kind of mainstream That's when it kind of had to find its new kind of place and it's struggling with that actual currency character at the moment So before Bitcoin doesn't become an actual currency But it stays this risk on asset that has this additional feature of being a fantastic insurance If the entire centralized world kind of falls down Until then I just don't see that it will go back to that currency character I noted so many Bitcoin fans say that Bitcoin is a currency. There's not a single thing in this world That's actually priced. I'm not talking that you cannot pay with Bitcoin. It's not priced in Bitcoin There's very few things that are actually exchanged for Bitcoin Store value, I mean sure long term. Yes, but if you talk in months you talk even in years It hasn't been that good. So That's really gonna take some time again This doesn't take anything away from me at least for the actually utility that Bitcoin has But for it to really become risk-off like for example, the gold is or the dollar is That really needs a lot of trust that needs a lot of trust that Whatever I want to buy with my Satoshi's is gonna be the same tomorrow and today that doesn't happen at all Today, I don't know how many Satoshi's I need to pay for the coffee tomorrow Because coffee is priced in dollars. So I don't know that and so I Would be surprised if in the next 10 years I see this so I would say Maybe after the 2030s, maybe I cannot foresee what's gonna happen in 10 years But in the 20 in the 2020s I do not foresee that we will treat Bitcoin as a risk-off asset We will treat as a risk-on asset. It works fantastic at this Plus it has an additional side feature as a credit default swap against the centralized world And that is to me also the no-brainer why everyone in my opinion should have a few percent of their net worth in Bitcoin and then if you want to invest additionally on top of that in crypto Then you need to get like and actually look into the coins that have strong utility that have Good price action that have good momentum. And I mean, that's why we're talking about a theorem right now, right? Yeah, so pretty much you're wrapping that into a cleaner bow at least two if not three more bull markets Before we actually see that shift start to happen You know, I'm waiting to see if we have any questions in chat, but if we do not Julian if you could wrap all of this into one bow or even elaborate a little deeper and you could leave someone with one Final thought as to how to view the future of cryptocurrency and the market as a whole. What would that thought be? Bitcoin is the digital gold. It has always been it is to me a must asset allocation of a few percent of your net worth because you want to have that insurance I Would however as we stand here right now Not put Investment purchase power into Bitcoin. I would put that into other coins I would probably look for coins that fit that narrative at the moment proof of stake It is so strong That is the the allocation right now for me in crypto. I think right now is a really good time to be diversified I think that's absolutely essential it's just so uncertain and Yeah, that's I think that's an absolute key thing. And yeah, so that's probably how I would kind of circle that entire round Gotcha. Well, we got one question I see here in chat and it is from I don't know if I'm gonna say this correctly But retooled duta. I believe What happens to miners now that Ethereum moves? Where do you expect that they will be moving to? I know there's a couple projects. I've heard of like ergo even ETH classic But from your perspective, where do ETH miners go after the merge? Yeah, I mean, I don't see that the proof of work fork is gonna have any merit I just don't see that I I think that's not what a miners are gonna go And it's not what it uses are gonna go So to me that is there will be super surprising they at the moment I mean, we can actually track that at the moment they all go into classic and they go into Raven coin That's where they go and flop into right now Let's see what they're gonna do afterwards So, I mean, they will definitely do something. They will not just be Eileen around but I I would be extremely surprised if a proof of work fork of the current Fork would actually work. So I wouldn't put my hopes in that Well, Julian, thank you so much man for joining me today all of you guys Watching show make sure before you leave smash the like button here If you loved this interview if you love this content smash the like button subscribe to coin telegraph for videos Just like this then also if you love Julian, make sure to go follow him on his YouTube channel Follow him on Twitter myself as well go follow me on Twitter and my YouTube channel And we're gonna continue to work together to spread the good news of crypto to see it actually better this planet I love each and every single last one of you and I will see you next week same time same place peace


The kind of project we conceived initially was like, oh, can we bring artificial intelligence to material science? And the product will be very, something which will be very unique and it's gonna push the entire material science field in a very positive direction and it's gonna be like a big job. So the nature of research was like bringing two different sort of components of completely not so connected field into one specific project. We were trying to bring artificial intelligence to material science and we were mainly focusing on natural language processing which means we need a lot of text for analysis. This text has to come from somewhere and that was my first step towards reaching out to the library and then eventually to get up well out. So in the beginning, I wasn't sure that how can I actually access, for example, string and nature API or Elsevier API and all those things and what are the terms and licenses and copyrights issues over there. So I needed someone who knows how to deal with this publishing giant so to say and what are the issues when you try to access all these things. So that was in the beginning. Yeah, I realized as a material scientist that, oh, I don't have the adequate skillset or the know-how of how to actually proceed. And then this whole journey started like, oh, within Carnegie Mellon, what sort of people we can reach out to or people who are interested in these kind of problems and what are the resources or the tools are available at my disposal. I started teaching an R class in data analytics for CMU at the Heinz School sometime last year. And I had been looking to grow my data science and data analytics skills personally as well as being able to reach out to others and see if I could pitch in and help. So R is my specialty, but I also use Python programming quite a bit to know about SQL and just data analytics and statistics in general. So it was serendipity. I actually received an email from the CMU libraries notifying looking for volunteers for the data co-lab. And after reading through it, I decided to throw my hat in the ring. I started doing some scraping of these papers and published articles. At that point, we realized that we need more people in the team to do all sorts of analysis. And that's where we, me working with Huwajian who is from CMU library, we started reaching out to people. And I think at that point, Mike was interested in joining on this problem and we were like, oh, we will be glad to have you because we definitely need people. It's a pretty good fit actually because of the kinds of skills that I was looking at. Some of the early things we were doing was web scraping. And like Amit was saying, you know, text analysis and I have some background in that. And I also have some background in metals as well. So I knew a little bit about the key terms and things like that. So it really turned out to be a good cooperative opportunity on both sides, I think. That's really how I got involved in this project. Jin set us up to have some dialogue. I think all three of us met in the very early stages and then Amit and I met and it evolved over time. But one of the very early elements of this was web scraping. And I had been doing some web scraping with my R class that I was teaching. And I thought, well, this is relatively simple. We can go out to this webpage and pull down some of this data and start to do an analysis on it. And then as the project evolved and we learned more about these sites and about the proprietary nature of the sites and the fact that some of this content is blocked and it's not as simple to get to, the project definitely evolved over time. So initially we just started because of the need of this project. And then we realized, oh, this is expanding at a pace which is not gonna be like doable if we have just two or three people in the project. So we started expanding. As of now we have multiple students working in this project. We also collaborated with one of the professor from LTI which is Languages Technology Institute within Karni Melon. And she's an expert in natural language in general and has a background in material science, applying basically natural language to material science. I forgot to mention the name is Professor Emma Struble and she joined LTI very recently. So that is where we are right now. It's definitely evolved from the early stages and certainly moved from some of the requests at the beginning of the project to becoming a more sophisticated project with many more people contributing to it right now. Amit, if I'm not mistaken, it was basically me and you at first with Wajin and the data collab and from there it kind of expanded. Yeah, absolutely, yes. I think I found the, what is sort of like the culture within data collab and within CMU libraries and other places was very welcoming. And so I didn't find any trouble in the big link. Was it helpful in overcoming some initial hurdles? Yes, because I didn't knew much about natural language processing, how these Springer, Elsevier and other resources where we have the actual text, how they operate. So having that sort of background directly given or provided to us all this information from CMU library was very helpful. And it gave me, personally it gave me the confidence okay, that we can do this project because this was a project which started in a way because of COVID because we had some extra time and personally for me was like, can we do something interesting? And I was trying to build a problem around developing a database for material science. And I wasn't sure how to do this thing. And while when COVID started and things were at home, so we were like, oh, this is a competition project and we can do something about it. So it gave me confidence after having multiple interaction in the first month that, oh, this is doable. Within Carnegie Mellon, we have all the expertise and the resources to do or to materialize this problem. And I don't have to do this thing by myself alone. So I like very much the nature, how it evolved and became its own thing. Now it's not my project, it's basically a project which is shared by 10 other people. So I really enjoyed that whole journey. The early discussions that we had, they were moderated. Like Amit said, Ohanjin set some things up and we had a series of Zoom meetings just like this and talked over the project and the requirements and shared some emails. And I think there was very little friction to start the project and to understand. Again, it evolved over time to be sure but very early on introductions were made and the project was described as it was conceived at that time. And I think the collaboration went very, very smoothly. I did not find it awkward or difficult at all. I think the interesting thing about this project was that we didn't have any agenda in this project. It was from the beginning, we all, I think knew it somewhere. Maybe we were not expressing it explicitly there was like a known understanding that this is like sort of an exploration of this. Like the nature of the project is come fundamentally explore this specific intersection of these two fields. So the nature of the problem and how we are approaching it gave each everyone who was part of the team to bring their own way of actually handling this specific process and take on that, oh, I can look after into this specific task and tell you maybe in a week what's possible and what's not possible. From the beginning, we knew that this we are just exploring we might find something useful, we may not and there's a lot of space to explore. So given we have more and more people coming in we never have shortage of problems to handle and everyone has the choice to basically choose what sort of problem they wanna handle given the larger scope of the project. So I think that made the process very smooth. Even the undergraduate some of the students were so for more freshmen even they have the opportunity to say that, oh, I can, I wanna jump on to this specific part of the project and work something about this specific part. And so it was very smooth in that aspect from collaboration within the group members. And from the tools point of view I think we relied on GitHub which just provides a platform to share the code we are developing and then we use Google Drive to store large points. And I think we also used Open Science Framework which was informed by CMU Library and which was useful as well. So that's my day. Yeah, that's right. Actually, as Amit was talking I just realized that the two of us have actually never even met face to face in person but I feel like I know him because we've had so much dialogue with Zoom and phone calls and emails and things like that. So of course, as he was saying the nature of this project is very computer intensive. There's a lot of data to be stored. There's a lot of data to come through and the results are all very portable. So of course we used open source software like R and Python and Open Science Framework and Google Drive's email Skype. So yeah, many, many electronic technologies to share the progress of the team and the results of the findings and the outcome of some of these scripts that we've put together. But yeah, I think the technology platform platforms that we've been using to share data part of that with CMU, part of that on GitHub and independent of CMU but very much using Skype and email and some of these other features. It's been very smooth. The project evolved over time as well. So as we learned that we were going to store say for instance, a very large database OSF was volunteered in GitHub and things like that. So even at the start of the project, I don't think we knew what everything was going to look like. Nothing that we thought we might need should have been set up and then it took six months for us to get set up. As we needed it, the tools were available and became available. Values immense because I don't have to get three degrees like I have three degrees in material science in natural language processing to work on this project. So collaboration, the value is literally is hard to put into words is the values immense on that's on their diet. I think the challenges can be communication because these are very technical things sometimes. And if you don't know the basic vocabulary to talk to the other person who is complete from a completely different background that could be challenging. But in our case, that didn't happen much because I think I have used a lot of programming and the coding while I was in grad school. So I knew how to communicate with Mike and other people within the group. And even with when Emma joined from LTI, we have gained enough vocabulary to communicate what we are trying to do. The opportunity of course for collaboration is that others have skills perhaps that you don't have. Some of the barriers or obstacles that I found were surprising to me and I needed to reach out and talk with some people at the libraries. And it was very collaborative back and forth. And I was impressed with some of the coding abilities of some people that eventually joined the group and brought some Python skills and brought some additional libraries and things to use that I hadn't even thought of as well. So obviously having different perspectives and different skill sets, like Amit was saying one person can't possibly have all of those skill sets. So being able to share those skill sets around is definitely beneficial and useful. I agree, the communication and I would even say in a bit coordination of efforts is somewhat challenging. Sometimes you think perhaps someone's going to do something and they don't or there are people out there that are duplicating efforts and there are two people working on the same thing when it might be better for one person to focus on something and another person to focus on something else. I would say that in my opinion on this project, we really mitigated a lot of that because I think each of our skills were very somewhat specialized. Like I was looking at web scraping and some of the filtering and we had an assistant that was also working on some Python code and everybody had their own little piece of the puzzle to work on. I can think of one thing that I found or a number of things that I found satisfying about this that I think it's like you were saying, a big picture is that this project really started out as a thought, I want to go out and I want to do this and scrape these web pages and look at some things and it was basically two people, three people with the co-lab involved, coordinating and cooperating and then this really mushroomed and expanded into the ability to gather some other students in the field and students that had these capabilities and just to see the project go from a thought, I guess almost like a proof of concept to like a full blown, hey, this could work and these are the tools that we need and this is how we're gonna make it happen. To me, that was the maybe turning point of the whole thing and to see this really get off the ground and not just fizzle, I mean, a lot of projects maybe start in and you think of some things and it just kind of fizzles and in fact, it was quite the opposite in my opinion. I think starting slowly, the project really mushroomed and expanded and grew exponentially and now there's some really good base to continue to move forward. So for me, that was the rewarding part personally. Yeah, I mean, I would add what Mike just said, like it was, I wasn't expecting this project to be this big at this, like it's, that's, I think that's very exciting, like the exciting part is that it became what it became which we never envisioned while we were starting this project. And yeah, I learned a lot, I think in this process but I think another exciting thing which happened through this project, I would add is that we wrote an NSF proposal at the end which is, which wouldn't be possible without having this much sort of back and forth developing this idea which happened in this very cooperative and collaborative fashion. So if we get the money from NSF, this can turn into a very real and very, I don't know, very useful thing for the entire community in coming years. So I'm excited about that. So let's see where we go from there.


Hey everyone, Rob here, and I'm with Gabrielle Crowe, and I'm really excited to be able to be here with her today. We met last weekend in Los Angeles and got to connect with her a little bit and learned that she is part of the Gabriellino Shoshone Tribal Council. She's the vice chair and I'm really excited for her to get to share some things with you and for me to be learning from her.  But there's obviously a much bigger picture. You know, behind this is consumerism. You know, for example, they say that for every garbage can that we put on the curb, 70 garbage cans worth of waste are actually produced up the production line. So, like, what you're seeing here is just the absolute tip of the trash iceberg. But even then, you know, the system of consumerism is one that comes from capitalism. It's one that comes from colonialism. Which means displacing people from the land. And I'm like, my goal is not just to get people to think about their trash. My goal is to get people to really radically rethink the way that they're interacting with earth, with humanity and with all of our plants and animal relatives. And so I'm really excited to get to connect with you and be able to share a message that's the bigger picture of the sort of, you know, the change that we need in society to be talking about equity, justice and regeneration. Yeah, great. And so I'm here actually today on Kumeya'i Land and we are actually in Encinitas, California, which is where I live. My ancestral lands are actually in Los Angeles, which part of the way I met Rob is I was working a bionic cleanup for a land trust that I work with. And so I'm basically here today to talk about kind of shifting a mindset for people. I think that a lot of times for me, especially as an environmental educator, it's easier for me to do it on a larger scale with kids. But I feel like it's not just kids that need to learn these things. It's kind of a reteaching for adults at the same time, because we're the ones that are using all these resources. And so we're trying to kind of shift the mindset and go back to a time before any of the colonialism happened, before anything in this beautiful area was actually destroyed. And we're trying to get back to that mindset. But after all the things that we've destroyed, how do we how do we get there? And so I've been going to different classrooms and teaching students. I'll actually take them and teach them a sand painting. And so part of that is I'll start at the beginning of it and talk to them about how different cultures and different cultures and different traditions that they have with their family. And so I ask them if they do different things for holidays or birthdays. Most of the time, everybody raises their hand. And so I tell them, what if I told you you're not allowed to do any of those things anymore? And so it's kind of getting kids to kind of stop and think for a second, like, well, what's wrong with what I do? There's nothing wrong with what you're doing. It's just it's different than what I want you to do at the time period. So kind of taking that and then having them close their eyes and think about a world that used to exist before. There were roads and cities and cars and all the different things that we have. And they're normal now, any technology and trying to reshift that and trying to think about how things were and how they explain the world around them. So different things that their that their grandparents would have taught them when they were living in the village, while their parents were out hunting and gathering. And so taking those ideas and having the kids actually draw them out in a sand painting. And then after they create these beautiful stories and they take all the time and effort to draw different things out and at the end of it, after they explain their story, I have them wipe everything away. And so for them, it's frustrating because they just worked on something for a long period of time. They're proud of it. And then at the end of it, they just wipe it away. So then I pose the question or ask them and I tell them, how are you going to tell that story?   I'm like, OK, well, what if I said you're not allowed to talk to them either? So it's kind of an explanation to the kids about what really happened in our culture, especially being from Southern California Indigenous tribes, that we were all scooped up and forced to work at the missions. And after this period of time, how do you ever go back to living on the land that you used to live on, that you cultivated those seeds for the next harvest? You know, you did all these things. You made sure that you only took the amount that you needed when you were fishing or, you know, you went and got apolloni, but not only did you use the meat for sustenance, you also used it to create jewelry and barter with other tribes. And so all these different things and this mindset has completely changed. As you can see now for the amount of things that we need just for our everyday life, which that wasn't how it used to be. And so taking that kind of lesson and teaching kids like if there's a break in that oral tradition and everything that's so important for our ancestors that taught us all these different things, how do you ever go back to that? Because all those things were made illegal, right? Yes. Yes. Speaking, practicing, connected to the land. Yeah, so it wasn't until the 1970s that they actually were allowed to be able to practice our own religion and practice our own cultures. And so how do you go back to practicing that after 200 years of not being able to do it? So so for us, we're reclaiming a lot of our culture. I basket we were relearning our languages, but it's a lot of stuff. Yeah. So just just 1970. I mean, really just for people here in Southern California, they it's easy to be disconnected, but up until 1970, it was illegal to simply exist in the way that was for thousands of years. Right? Yeah. So today, you know, there's a lot of people that are waking up and they they actually are wanting to start making a difference. But being here in Southern California and other places, people are just kind of lost of like, how can I actually make some changes that are actually meaningful and moving forward? Do you have any, you know, thoughts for people? Well, I think the number one thing that people can do is to actually acknowledge the land that you live on. Because obviously, unless you're an Indigenous person from this exact area, you came from somewhere else and I wouldn't go to a different country and, you know, just try and act like an American to do everything. I'd want to fully embrace myself in that, but it's also trying to learn about who were the first people that were living here and how you can get in contact with different tribal governments to see what things you can do as a person that lives in their ancestral lands to be an ally to them. Because I think that's the thing that we need the most help with is, especially living in Los Angeles and living in, you know, an urbanized native place that we're also spread out and resources are spread so thin that we need other people that live, that are, you know, stakeholders in each different area to actually be there and show up for us and help us with these different meetings and talking with different government officials or different agencies and also, you know, helping us with beach cleanups and different things that we can do to take care of the environment. Because really, when it all boils down to it, we're the first stewards of this land and we're trying to do the best to try and shift that mindset so that people also think about things. And they're so environmentally conscious that they want to keep those things, these plants that have been here for thousands of years, they want to keep them for the next few thousands. It's not just about a mindset of these things that I'm doing and today are the only thing that doesn't really affect anything. Everybody can make a change and everybody can do something. So even if a person's like, well, I'm only one person, if everybody has an attitude that they can help and do something, I think it can make a big difference. I completely agree. Well, we have, we'll have some links in the description of where you can learn more about Gabrielle's work, as well as some ways that you can, you know, learn and get involved. So definitely check out those links to educate yourself more. And yeah, I think that's it for now. Yeah, I think so. All right, well, we love you and nice to see you all. And.


Video Friday with Art Resin. Why don't we use that hashtag together, everyone? Hashtag Art Resin Tips. It's Video Friday 2.0. We want to feature your Art Resin Tips. So upload a video using that hashtag Art Resin Tips. And you might see your video featured on Video Friday. Maybe you added a little jingle at the end. Maybe you don't. Whatever you like. Video Friday with Art Resin. I think that's over.


All right, good morning, cyber traders. Welcome back on this lovely Tuesday as usual. I love this time of the week, Tuesdays, Wednesdays and Thursdays, best times to trade. And a couple of really, really good movers this morning. We're gonna talk a little bit about them, especially the stock of TRX that we've been trading. Yesterday I had a really, really nice pop and we'll talk a little bit about it. You can see it here. What a nice little move in the early hours. Made a little bit of a move early in the morning but my God, things up already 79%. There's a couple of other stocks we'll talk about. By the way, yesterday, Monday, you know, for some of you that are watching here on social media, I mean, in the trading room you saw this happen when we're in the trading room but we didn't really see that much in pre-market. And then all of a sudden like, boom, like we had such a really nice move in certain stocks that came up. And sure enough, I mean, got a couple of nice little runners. We're gonna talk about them. Norwegian Cruise Line, the Draft King moved up pretty as so far. We'll talk a little bit about them now. But a couple of quick announcements for some of you remember, today is Tuesday, our final lessons of phase three. So our phases, so today's the start of it. We're gonna have four lessons, two today and two on Thursday. They'll be traveling to Florida to go meet up with Great Station for a big meeting on tomorrow. So I'll be back here on Thursday with you guys, all of you, and also Rich just posted up the link in there that we have closing. We're gonna have a trader's talk today at 11. So got a busy day and I'm gonna be live today at another 12 o'clock event. So you're more than welcome to join me for that. So a really busy day for today with lessons and with trading. So anyway, let's talk about what happened yesterday because there were a couple of really nice stocks I wanna talk about.  So GDC, I mean like, is this a joke? I mean, this stock literally, this is what I'm talking about. We mentioned earlier, remember yesterday, I said there's another cycle of big, big movers that program trading kicks in around like 10.30. Well, look at this thing at 10.30. This thing made a big move from like $3, then it ran to 4.40, then it ran all the way up to like $7, did a nasty shake, got halted, got halted.  Then it bit in big, big reverse. And right around that 2.30, our 2.30 o'clock, this is what we look for, a nice little push, going into the close, trade close to the highs of the day. This thing did not stop, went from $18 up to $44. It almost looks like another stock like TOP that we traded the other day. But what a great, great short squeeze, another big runner up at Cybertrain University. Like everything else though, when it comes to next day, stock always makes the big percentage gainers, ends up being in the big losers list.  Now that was just a phenomenal stock. Like I told you, like it's always a new adventure.  There are some times I go out there and it's like there's fish jumping out of the water and it's like, it was a slow day and like I wasted all that time, nothing happened. I mean, listen, they're gonna be there, they're always gonna be there. It's just to be at the right place the right time. And that's what trading is all about. So a good trade on that stock right there. There were a couple other ones also, SNTG was another one that had another big mover. I mean, this thing just literally ran, had a little bit of a shake in the middle of the day, ran from 330 all the way up to about $10. Another late afternoon, early, late morning, I'm sorry, at 1030, another big mover, what else we had?  And then OX, what did I do here? I'm just taking my chart. There we go, this is the default one. That one had a really nice big pop right around here around 10 o'clock, oh wait, it's about 12. And HQ, was that where it was? No, QH, dyslexic as usual. Is that right? QH, spelled the wrong there. That one also, not as pretty as the other ones but another nice little mover. It moved a couple of days ago but it ended up being like, I don't know if it was on your short list but it came down pretty well. So there was a lot that was going on yesterday and you know what, that's fine. I mean, like I said, the two biggest movers were the, that we traded GDC. I mean, you could see that stock literally just, what is that? Probably like what, full 500% in one day. Some people can't see that in a lifetime. And sure enough, we had like two big ones even in the past couple, like what a top two yesterday. I know that was also pretty volatile too. Oh, top finally started to come down down to the fifties. This is the other one for some of you just logged in late. This is another one we were trading right here. $6, oh, 250 bucks. That right now probably takes the cake going into 2023. All right, so big, so now just keep in mind. You have, you have the Fed meeting that's gonna be today and tomorrow. I don't think it's gonna be too crazy in the market. Where I gotta change my channel here on the market to see what's going on. I don't think you're gonna see too much going on. People are gonna wait and see what the Fed's gonna do as an interest rates go. But we're down about a hundred points. We really haven't gone anywhere with the Dow. If you bring it up right here, you could see it here. You know, what's dangerous about the Dow right here is hovering right at these resistance levels. So we had a nice little rally you could see here from March, but it's holding here pretty strong. We'll see how this thing pans out. But remember, you gotta be careful when you see those resistance levels. All right, let's go talk about what's moving this morning. Okay, everybody got their pen and paper. Now, once again, if you're watching on Twitter, we're gonna post a watch list on Twitter. You're gonna get it in the cybergroup room. So let's get our little legal pad right here. Get ready to write them down because there were quite a few that I wanna cover. All right, the first stock on there was Hour. Now Hour, H-O-U-H had a big, big trend right here. The only issue that I'm finding that at 550, there's been as big iceberg water and at 540 to keep hitting it. It did execute it. There was a lot of buying that kicked in there right around 540. I'll show it to you right here. You could see it. There was that big resistance right around 830, 840. So kind of hit it, did break it. So to me, that might be a good sign that it took it out in pre-market. So that one right now is on our watch list. Another stock, very cheap stock, very inexpensive. Is this stock L-X-E-H? Nice, slow. It's going up. Listen, we do trade fast-moving stocks too. Some of you say that sometimes these stocks move too fast. I don't know if I can get in and out of them. This is slow. It's not terrible. You're not gonna make a lot, but if you're an advanced trader, you could trade several thousand shares of it, but this one is okay. I mean, iceberg order is not really super impressed about it. Just had a guy cancel at 220, like 20,000 here and there, but it traded 2.4 million already in pre-market. This one was moving pretty nice early on, but I keep seeing this order keep showing up. There's this order of about 10,000 kept showing up, and every time he showed up, he pushed the stock down. And I'll show you right here. He was right here. He was right here. And he was right here. So, and he's right here too. He keeps showing up. You know, and it means that the trader has a lot of shares to sell. So I'll be really cautious, and you could see here just on the intraday, what happened in pre-market's having a very tough time breaking these prices right here, but 78%, you know, it is Tuesday, third biggest percentage gainer on the list. I'll take it. WAFU, another one, big, big runner up. Stock's already up at five, up to six. It's up a lot. Good volume. I'll probably put this on the B list. H-U-I-Z, kind of inexpensive. It's gapped up, hasn't really gone anywhere. You know, not really the trend. Remember, the trend is your friend. You don't want to buck that trend, right? And that pretty much does it. This one just came crashing down. We're at 25%. The stock had a big run up yesterday, going into the close, got to mention that one, but it's not really going anywhere. There were a lot of them yesterday. I was actually quite shocked regarding about going into the afternoon. And in the middle of the day, there was nothing in the morning. This thing just went boom, came up in town. This was like a big sling shot on that one right there. No coincidence at all at that. The thing is I'd be down that pretty quick. Same thing with this one, up 70%. CA&F, we traded this stock in the past. This stock took a big hit. Trend is pretty flat right there. And LS, another one, Uber. Now Uber, you could see it was out of earnings this morning. I think it actually did. And then Litz is coming out on Thursday, I think. So Uber's on the watch list, E-B-E-R. That stock moved pretty decent yesterday. You could see it right here. It's been at 31, had a really good pop. You know, once again, a little more expensive. We really like to trade these kind of stocks, but it did move. Blackberry also, BB, that obviously made a little pop. Right after hours, not really going anywhere right now. What else we got? Oh, the tulip lady. There we go, the Tupperware lady. Stocks up a little bit, not really that much going on. Chang, this one is taking a really big hit right here. And it could be a good short, down 48%. Doesn't look like it's earnings announcements where we're not obviously good at all. So that one's taking a very big hit. I had that one in the pre-market. And I think that pretty much does it. So Michael made about 50 cents shorting Uber from 66. All right, Mike, what about platinum students? Here you go in the cyber group room. Way to go, way to go, Mike. All right, anything else I'm missing, everyone? Not really, listen, yesterday, middle of the day, we had a lot of good stock. So if you have not registered, take your phone, you got a little scanner there on the top, just sit there, scan it, get your free trial right there on that QR code. Cyber group members, you know that. You see something, say something. We got class today.  Remember, if you're a new gold student and been taking our class for a while, this is where we actually go learn. And remember, the goal is not to make money, start to learn how to stop losing it.  I'm gonna test you, I'm gonna ask you, I'm gonna tell you what you're doing right and wrong. Because remember, the stock market's not going out of business and you gotta learn before you could earn. One of the other stock that one of you just brought up, brought it up, a Samwell says the H-U-I-Z. You know, I saw that, I was looking at, it's up a lot, I wasn't gonna put on the watch list. You know, she looks like she's starting to make a little bit of a move right now, but she's kind of flat. She went from two to 220. You know, I'll put it on the list. I'll put it on the watch list. I'll put it there. All right, traders. All right, anything else? Anything else I'm missing? Then I call out. All right, let's get ready. We've got about a little bit more than 15 minutes before the market opens up. Don't forget, you got traders talk, you got class today. And I'm going to be on at 12 o'clock. What was that show? I'm gonna be on, I'm gonna be on another show today, actually. Where am I? There we go. I'm gonna be on timing research at 12 o'clock. All right. All right, everybody, good luck today. Happy trading, be safe. And for the rest of you, we'll see you back here at 230.