Today we need to talk about a few stories that are floating out there. One we get to talk about the future of Super Smash Bros because guess what? Sakurai has decided to go on record talking about the future of the franchise, his plans, his what do you think is going to be a challenge and all of that and that's always really exciting. We also get to talk about some updated information on how well Mario Wonder is selling because it just jumped ahead of Spider-Man 2 in a key territory so we got to go over that and then more than that we actually have something that's I mean it's switch to related at least that we need to talk about mostly because I don't like how it's being presented and we need to add some clarifications. Now that being said before I dive in I just want to remind you we are on our road to 150,000 subscribers so go ahead and drop a like subscribe to the channel and take a hammer and smash that bell icon to be notified of all future uploads including our live stream because we will be live tonight at 8 p.m central. Alright we need to talk about Super Smash Bros and the future of the franchise now look I do think that we're going to get a smash ultimate deluxe or something like that early in the Nintendo Switch 2 life cycle but it's very obvious the franchise is super popular and we're going to get more of it eventually they'll have to make a new game. While Sakurai runs his own YouTube channel he's been doing as a passion project for some time now to really good success mostly talking about Smash but also talking about some other avenues of game development and in his most recent video he put in there a little something to do with the well next Smash game here's what Sakurai said. As for what comes next for the Smash Bros series even I'm not sure I feel like we truly succeeded in making people happy with this game but now that Smash Bros has grown to be a monstrous size I'd say it's difficult to imagine an increase of this magnitude happening again. Every time we managed to make a game I had previously thought impossible so I can't say for certain that there won't be another but I do think it will be difficult to push it any further than we have. Now obviously you know he's felt this way in the past you know he felt this way with the Wii U and 3DS Smash game and like how the heck do we even go further than this and then they found a way but now they brought all the characters back together plus new ones and all the different modes I do think it is hard to just keep going in that direction because eventually one you can end up with a roster that's completely untenable if you end up with like 200 300 400 fighters that's just going to be an impossible to manage task for pretty much anyone including Sakurai so it's hard to just keep going in the direction they've been going in and obviously you know they all the different modes like Smash Bros sort of is what it is I think the smartest way and Sakurai's briefly touched on this before that he would do another Smash game and he's totally open to it and willing to but that he needs to get you know Nintendo to maybe understand that it would be something different and I do think that that's probably the best way forward would be a reboot of the series now how they reboot it smaller roster what are the key differences that's obviously something I will completely leave up the Sakurai we all have ideas on what they could do maybe there's more of an emphasis on story maybe it's a different style of fighter maybe they turn it into an arena style fighter I don't know if that will work of course I'm just throwing out ideas I don't actually know I'm not a game developer I don't have to figure this out but it's one of those that well he thinks it's he basically thinks it's almost impossible to keep going in the direction Smash Bros has been going so I do think early in the Switch 2 life cycle we're going to get that 4k up res port of Smash Bros but beyond you know including all the DLC together but I just think whatever's next it's still going to be a while it might even skip a generation I've talked about this before how you know how Mario Kart basically skipped this generation I know we had home circuit but essentially Mario Kart skipped this generation and we're just using the Wii U Mario Kart I think that that might happen with Smash next time around now maybe they go ahead and launch another fighter pass and add another 5 to 10 maybe 15 characters just for the hell of it so there's new content to sell to people but honestly I do think the future of Smash lies in rebooting the franchise but it's going to be up to Nintendo and Sakurai and Nintendo tells him he can't do that and he's got to find a way to top what he's already done well Sakurai said he's felt this way before and been able to do it so maybe he still can maybe he can go ahead and pull that rabbit out of the proverbial hat I don't know but I do think rebooting the franchise and finding the fresh direction for it might be the best way to handle it but it's going to be controversial of course because if you completely change up the way the fighting game works that could be a problem and then if you don't change it enough then people will wonder well is this just a lesser of what we've already had I don't envy the situation they put themselves in with Super Smash Bros Ultimate but I do think we're going to get another Smash game it's just too popular not to invest in it next up we need to talk about well the UK sales charts not only we don't talk about it unless something notable happens and last week which was the launch week for Spider-Man 2 Sonic Superstars and Super Mario Wonder we saw the Super Mario Wonder was actually just behind Spider-Man 2 but obviously for Nintendo games we don't have digital sales well the second full weekend it's really first full week on the market Mario Wonder actually jumped ahead of Spider-Man 2 in the latest charts and is now number one with Spider-Man 2 being number two now this is completely unusual and doesn't typically happen but there's a specific reason for it this time around and that is because while games always sell less in the second week than the initial launch the drop off is usually pretty samey in percentage wise anyways when it comes to the loss of sales right it's right around 70% or so of you know loss from week one to week two well Mario Wonder bucked that trend and only dipped off by 55% so it sold 55% less physical copies in week two than it did during launch that's actually really good you want to know why because Spider-Man 2 dipped off at 69% nice yeah it's interesting because that's a typical fall off and that's not bad news for Sony it just shows that you know what just looking at launch sales has never a barometer for full success Nintendo does tend to create evergreen titles and Mario games are fairly evergreen they're not as evergreen as their spinoffs like a mario cart or a mario party you can see that in the fact that odyssey hasn't had sales updates every single quarter because again it's not selling a million units every quarter but it is something that does typically sell very well for at least six months usually at least you know two to three years before the sales finally drop off you know doesn't stay as evergreen as Breath of the Wild has been able to do that's about first for Zelda to ever be that evergreen or obviously is evergreen to smash roads mario cart animal crossing and all the rest but just throwing out there that this is actually really cool to see mario wonder actually climb the charts i fully suspect when we get our update on thursday from famitsu that it's still at number one unless there's another big game launching in japan i'm not aware of this week that could bump it down but i think mario wonder will probably maintain its number one position maybe for the rest of you know i don't know november we'll have to wait and see obviously we don't know uh there's there's other games coming out that can seal some thunder like super mario rpg also warrior wear i don't know if that's going to take off in japan but maybe that's the exact audience for warrior wear anyways i'm just really happy to see mario wonder doing well i'm sure you are and uh for those of you that got to that final uh badge level folks uh nintendo created their most difficult mario level of all time it exists in mario i don't want to hear about how easy mario wonder is the most difficult level nintendo's ever made is in this game and i'm not kidding and if you've gotten there you know now our last story is dealing with something i find to be interesting to talk and speculate about but i don't like how it's being presented and unfortunately it's all too common especially in the youtube sphere and i'm not calling on anyone specifically but we do have these reports out there about a nintendo switch to patent now i have covered patents in the past and i have speculated on what it could mean like hall sensing sticks for nintendo switch to but in the end when patents for nintendo and someone has covered them for 30 years almost almost 30 years covering nintendo and their patents i'm well aware that if a patent comes out for something that hasn't already been announced that means this is a canned idea by nintendo there are a billion patents put out by nintendo and they're either about a product that's already out or already released or they're just cancelled and this happens to be one of those situations where nintendo clearly had an idea for something they maybe even had a prototype at some point but it's not coming out and that's why this patent is public we're talking about the fact that there's a patent out there showing a dual screen nintendo system that got some people excited especially since the dual screen was optional and even detachable and one thing you can i guess if you want to fringe speculate is just because this particular device will not exist doesn't mean the entire idea of an optional accessory detachable screen couldn't be released i'll give you an idea of how this could work we've seen with nintendo switch online that nintendo will release custom controllers the nest controller this nest controller n64 for the given platform it could be theoretically possible that if nintendo added ds or 3ds games to nintendo switch online on switch 2 that they would then sell an accessory that would make them well basically an detachable screen what would basically be the whole there'd there'd be an optional detachable screen and then that could enable the like the most realistic form of playing the game but again i don't i just don't think nintendo is going to do it even for that yes they would have to make it playable without the attachment as well even if it's in a more limited capacity but that's neither here nor there the point i make it is this is a patent that's out there it is factually filed by nintendo it does exist and they likely prototyped it at some point this is not something that nintendo is actually going to be selling we've seen this so many times in these patents come on it would be different if nintendo switch 2 was announced and then this patent came out because then you could say oh this might be something that they just haven't told us about yet we saw this with tears of the kingdom when there was a tears of the kingdom patent that came out towards the end of 2021 for the game that was already announced but had ideas and stuff in it like shooting your arrows midair and stuff that hadn't been shown off by nintendo yet but it was clearly a patent for a game already announced versus this be a patent for an advice nintendo hasn't even acknowledged beyond saying we're always making new hardware and we're transitioning to what well they haven't told us yet we'll just have to wait but yeah guys this patent's being presented as big nintendo switch 2 news and we'll go into more speculation and hype and ideas you know for this on our live stream tonight if you actually want to have a discussion about it and i think it's fine to discuss it i just don't think it's fine to present it as boom here's this big big switch 2 news because it's not really about switch 2 it is a scrapped idea might have been for an alternate model nintendo switch for all we know i've seen people speculate that this could have been a like ds version of the switch beats the hell out of me guys heck maybe this was actually just a prototype for a possible classic console remember how we talked about the nests classic this nests classic we speculated on n64 and gameboy what if this was more like a ds classic again there's a lot of things this could have been but what it isn't is a product nintendo is actually going to release anyways guys thank you so much for tuning in i am the thander roble jats from nintendo prime and we'll catch you in the next video wait a second dang it name ah remember this is our prime news episode and that was prime news yes first time baby


What's up everyone it's your girl Kenzie here from late in sports cards, and I'm ripping a personal for Joseph D We've got a 21 2020 22 2122 Panini Chronicles basketball Hobby box. All right, last one of these we've got in the shop here Joseph best of luck. Thanks so much for your order Thanks for the follow jacked And I'm doing looking for two autos two autos. Here we go cute rookie Cam Thomas, he's been playing really good lately Sire Williams, we've got red scotty barns nice red foil. There's 78 of 149 color match there raptors Oh, that's awesome. That is so cool Arizona Bradshaw Swan Lambert and Franco Primo got Franz Wagner on the rookie for honors Schengoon and I had to assume My first NFL game was when the Steelers played in Jacksonville I was in sixth grade Evan Mobley base Mr. Edwards, we have your seven rookie on the 75th anniversary Blue Cade Connie hand that one is 41 of 99 nice blue foil there another color match Then we get a Rams fan Scotty barns rookie out of phoenix silver rookie Jonathan Cumminga out of phoenix Marquis ant-man and LeBron gines nine of 99 Jersey number if you turn it upside down And then I went a couple years ago My fiance and I we went when they played in Tampa Sire Williams. This one is 55 of 249 Josh Giddy rookie base for uh, okay. See you out of phoenix. We've got Jalen Suggs rookie red out of honors It's 78 of 149 Jalen green rookie base out of XR and uh, Davion Mitchell and then this year I took my niece to her first game. She's also a steeler fan preseason when they played in Jacksonville She got her signed signed by um Alex highsmith. She was so excited Uh, 67 of 149 Christo Arctic Schengoon crusade we've got For the grizzlies apprentice auto 15 of 25 the anthony melton It's a low numbered auto there for you jose. Oh Geez, that's crazy arizona. I feel like you would be there hella late every day Kd and josh christopher rookie out of marquis Um about two hour two hours jacked about two hour q right now kate cunningham base evan mobley rookie base out of chronicles um quentin grimes God duane washington jr. And airborne to 99 rj barrett for the next Is that on other rj barrett? Our kessler edwards and we got orange the 75 anthony edwards on the 75th anniversary out of essentials Nice. All right last packet It's up next we've got a 15 box order of bowman chrome. So that's probably gonna take me close to about an hour to rip Uh jailing green out of threads rookie franz vagner chronicles rookie You're at seven Got james harden on the 75th anniversary 58 of 75 Wildo sumo. We've got orange wave crusade josh giddy Nice 60 of 75 on that one Janice and a cam thomas on the rookie. Alrighty joseph that will do it for your box congrats on those hits Thanks again for hopping in and we'll get these right out to you


Hi everyone, my name is Masashita. This is my first in-person open source conference talk, so I'm very, very excited. I joined VMA last July. Before that, I took many different roles, started as a software engineer, development manager, then delivery project and program manager. Worked in IT, semiconductor, telecom sectors at NEC Renaissance, Microsoft, Nokia Broadcom and Cisco, based in Japan, US and the UK. During this period, my experience of open source was not very long time, mainly building the solutions on Linux and Android platform. I led a program to consolidate corporate IPs and open source licenses. I implemented product security and compliance process as part of company acquisition program. Now at VMware, I'm a senior program manager in Ospo's open source community strategy team. I lead continuous improvement of upstream contributions. Today, I'm here to talk about strategic alignment of open source contributions with corporate product strategies, what it is, why and how we do it. So today's agenda is this. So what is the benefit for the company to contribute to open source projects? Why do we align our contributions with company's product strategies? How do we align and collaborate across organization? Which open source projects are strategic for the company? How we define and what we do with them? How do we build a positive reputation on the company? How do we ensure our business continues to be viable with these open source projects? And what is the steps to succeed? So before getting into the main topic, let me quickly go over why we contribute to open source from the company's benefit viewpoint. Our business recognizes that the open source product provides us with first time to market and increase developer productivity by reducing technical debt. More robust and generalized solutions that are verified outside the company. And this enables us to focus on the invest of our uniquely innovative software. We can influence and take leadership in the community by participating in the project. And we'll be able to know what's coming next and where the project is going next. It is important for us to contribute to and influence these open source projects to benefit the greater community. We must recognize that the benefit come with the cost. We don't just use but contribute back to the project. We depend on in order to ensure a healthy foundation for our business. Ecosystem is bigger than us. You don't want to go alone. Together we can create a greater system. We can leverage advanced power behind the community. By engaging with community, you will have access to the feature roadmap of the project, outstanding bugs, security issues and security issues and any license changes that may affect us. We need to know all this information as open source is part of our product. So there are many other benefits but open source contribution is a win-win solution for both companies and communities for a long time. So why do we align our contributions to corporate product strategies? Today, open source is built in all of our products and services and quite often we contribute to the same open source project across different products. In VMware, there are many people who are also working in open source communities. And time to time, they observe multiple people from the same company trying to promote different solutions without coordinating. Broader involvement should occur in a coordinated and thoughtful manner. For the key project that our business relies on, we want to make sure that our contributions are consistent and align with the company's business strategies. In consistency, it can cause confusion and slow down the work. Having a united front in the communities will help us to drive more efficient and effective contributions. So we understand why we need to align with an organization. Now let's talk about how we align. How do we collaborate on those projects across the organization? VMware is a global company. Over 34,000 employees are working across the countries in different time zones. All the solutions and products that VMware brings to the market contains open source. You cannot deliver modern software today without open source. To behave consistently as VMware towards the communities, we need to understand which open source project do we contribute to, who is working on, and in which product. What is the product strategies around the project? Why and how we use them? And what is the dependency on those projects? It is essential to share this information effectively within the organization. We don't want to do this for all of the projects as there are too many of them. However, we selected most important ones for business. These are our strategic projects. So which open source projects are considered strategic for the company? The criteria we set are their key components used in our flagship products, their active projects that regular commits and releases are made, and projects to which employees significantly contribute. With these criteria, we've chosen a handful of most strategic projects that are important for business. Put them in one table. This provides us a holistic view of our key project information, where we can share, discuss, strategy, ask and answer questions from contributors. This table resides in Ospo wiki page so that anyone across VMware can access, easily find and access. There are thousands of conference pages created by different product and the engineering teams. Usually they are different format and the many layers and not maintained. Even with the clever search engine, it's almost impossible to find what you want to find. So Ospo wiki page is the right place for this. We work together with teams who lead these projects in the company, regularly review the content and make updates. We also add a new project when it appears to be critical for our business. The target audience of this table is especially senior leadership, product management and engineering teams to understand which open source projects we have and what we do. This will help them to think about their product strategies and connect with people who are already working on the project in the company. And the link to this information is included in open source tools and product pages so that they can find them at an early stage of development. So what is the benefit of finding, defining a project as a strategy? It enables us to find our most important open source project for our business quickly along with our business unit open source strategies in one consolidated place. This helps us to connect with the right people and the resources for our key project. It drives our consistent behavior to prevent conflicting contributions and this improves our engagement and the influence within the communities which is very, very important for us. So how can we ensure that community contribution reflects positively on the company? How do we build a trust? When the open source is an important part of product we want to gain a deep understanding and have a greater influence on its design. We know that the only way to gain leadership is to earn the role within the community and the great way to do that is to gain credibility through valued contributions. Another example of the importance of internal coordination. One of my colleagues are Kubernetes maintainer and he faced a situation that one of the tech giant vendor was talking about open sourcing one of the components. They was revealed that the component was already open sourced by a second team from the same vendor. Due to a lack of internal alignment both teams has engaged with the community with which led the confusion and frustration. With the consistent approach we can avoid the scenario like this and the reputational damage on the company. So now we have gathered and shared the information for the business critical open source projects and engaged with the communities. But how do we know these projects continue to be reliable and sustainable? We want to make sure they continue to be viable. We want to avoid the case like one day they're not available for anymore. To mitigate risks and grow a business opportunity we will need to regularly assess their viability and engagement level in these projects. Leadership roles are ownership and engagement within the project. Which leadership roles we hold and how many? How many maintenance and contributors we have? Contribution. Update frequency. How often commits and releases are made? Numbers of other contributing companies. Who and how many contribute to that project? Governance. Neutrality. Are they owned by a single vendor or are they belong to a neutral foundation? Governance documentation and security policies. Are they in place? Community. Do they have outstanding issues? How do they meet? How often do they meet? Do they have code of conduct? And how do they look like? We regularly review these items with the teams who lead the project in the company to identify the issues and make recommendations to sustain a future business. Okay, so let's get started. Where do we start? Step one, find the company's most strategic projects, which project we largely rely on to build our products. Step two, get connected with people to share the project information across the organization to learn each other's activities on them. Step three, encourage a consistent contribution aligned with the business goals. Step four, regularly assess project viability and checkup our engagement level within community is relevant. So taking a strategic approach towards open-source contributions will secure our future business. Adopting this approach will streamline our investment and grow our future business opportunities. We can help our product strategies on open-source to align with our corporate strategies to ensure our business is viable, reliable, and sustainable. So that's all for me. Thank you very much for taking time to join. Thank you. Any questions, please? So we keep an eye, is there any new project coming up? And if it's strategic, then we regularly do that. But the table we put in the Oslo wiki, I'm trying to update the company I'm trying to update all the time the update is made but I will go through all the projects. You know, the project I just presented was just part of it but I will go all of them and then talk to the each team every three months. That's the, yeah. Is it prior? Yeah, so there are obviously, there are some, you know, big projects and inference massively like Kubernetes and other main open source but we don't actually prioritize them. I will just go over, some of them are originated by VMware because VMware is quite advanced in open-source in their software. So yeah, I don't prioritize it. I just go through and then I just keep, you know, keeping touch with all the team, point of contact people who are looking after and leading the project in the company. Then whenever it's updated, you know, people leaves and joins and now I just keep an eye on, you know, so that makes sure that anyone who goes to that table will not be lost and then just reach out, you know, be able to reach out to the right updated information. Thank you. Yes, please. Yeah, so we have the list of the project, strategic projects and then, you know, our OSPO leadership will keep an eye on always making sure that the list is always up to date and then sometimes this comes from the developer side. They say, hey, we think this open-source is really, really important and can be strategic. Can you review? And we get that information and we'll review and if it meets the criteria, then we will put in the list. Yeah, so open-source, it's a decision to make which open-source they develop and all these things are owned by the business unit side, not owned by us, OSPO. OSPO provide the best practice and facilitate to help their alignment but actual ownership is in the business unit side. So they will, you know, some of the business unit are very advanced and then their leadership is aware that developers should have a time to contribute because it's really difficult to allocate the time as a part of their work in time. Even they're part of the work, you know, work related open-source.  You know, that's their priorities. But, so we are trying to sort of inference and make their culture changed for the upstream first cultures. So half of them have say in a company, they're still quite not sure about the open-source contribution but some of them are quite advanced and then they allocate enough time for the engineers to make a contribution to the community. Yes, please. I'm sorry, I'm not sure. I take, yeah, can you? Yes. I think I understand what your question. So we have a list of strategic projects and then that's what Ospo is focusing on at this moment because we contribute many, many projects. But for those projects, we regularly assess and check that, you know, how the project is going, you know, is it taking a big part of our business and if we think that why we open source to this project to the community, are we making any benefit or are we making any profit or something? Then if we come to that stage, then we will discuss with the team and, you know, final decision will be made by the team who are using and if it's originated by VMI, then they're the main key player in the community. But I think we have to assess regularly and if there's absolutely no point to open source, if we think, then we probably may think about changing. But so far, I don't think it happens yet but it may happen in future. Thank you. Yes, please. Can you process how to... Take them out or...? Ah. Because I'm here only a year, so I'm not sure that happened. Okay. Yeah. Thank you. Thank you. Any other questions? Okay, thank you very much.


The best thing to work with my students is the time that I get to work with each of them individually. I aim to help them to develop their playing to the higher professional level and contribute in their professional careers.


Good afternoon, everybody. Happy end of the week. Thank you for joining us again for another week in addition of our condo insider that's put on by Hawaii Council of Community Associations. So today with me, I have a distinguished guest from ProSource Wholesale. They're over by the Bougainville area by where Target is, right? Correct. Yeah. And he's gonna educate us about floor sound barrier ratings. We're gonna get a good education on that. Very informative. And some of the information he has is I really think a lot of condos can put this into their design guidelines, whether it's a single family or even especially condos, because that's the biggest complaints about the noise from the unit above. But with the information he has in here, a lot of the condos should be able to adopt these into their guidelines on flooring installations. So Brent, welcome to the show. Hi. Nice to have you here with us. Thank you for having me. So Brent has been with ProSource for about five years now. So why don't you give us a little tidbit about the impact installation class, also known as IIC? Sure, gotcha. So we're gonna go a little bit more than into the presentation, but IIC, you probably hear it all over, never knew what it stood for, but it does stand for impact installation class in it. It's generally a standardized number that you can kind of work into your requirements in order to mitigate sound from the top floor going down to the bottom floor. So we'll get into that once we start the presentation, but having a standardized number is an easy way to just measure different requirements in your home and place that for a harmonious living place into the harmonious dwelling.  Is this one of the common issues that when you have customers coming in, they talk about certain requirements they have to meet, or is it something that you people automatically tell them about putting in the underlayment for the sound? Absolutely. So one thing when our guests come in, we do pre-qualifying questions. We ask them about their project. Every time they talk about a condo association or they live in a condo, first questions we ask is, is there any requirements, building permits, anything like that? And then very specifically the sound requirements or did they give you some sort of IIC number to reach? So that's very, very common. We see it almost daily. So explain to us how you get, how a company establishes their sound rating for the product around us. Sure, absolutely. So sound ratings, a lot of our manufacturers underlayment the vinyl products, they have a IIC rating that's onto their material and then that can be shared to the guests through resources online. But how they get to that number is they basically use a tapping machine or a standardized machine that taps from the top floor and it goes to the bottom floor. That bottom floor, there is either a worker or a mic setup that is going to record or listen to all the tapping from the top floor. They then put that number into a standardized formula and they spit out a IIC number or a standard number. Cool. So let's pull up the next slide. There's like a little machine. They have different testing methods. So I'm so sorry, I'm not able to see the slides. So one with the machine and they're in a room, but there's a machine that they put onto the floor and it creates a tapping sound and that measures that rating. That's correct, yeah. So the tapping sound is basically very, very simple. Rumentary just taps on the top floor down to the bottom floor. And actually this sound rating, that machine is probably not just for flooring. They can use it for different types of, like in the picture, they have water pipes, you know. So I'm sure they could probably use it for the same thing, right? To see how much noise the water makes going down that pipe. Because I've been in condos before and I go, I can hear the water in the walls, you know. Sometimes it's kind of like when you first go in there, you're like, whoa, is it coming down? And the big question that was asked to me the other day, I was telling you that this question came up about these ratings last weekend and the cost to do these ratings. You have any idea what that is? Yeah, so it's in a little bit on the next slides, but what the costs for these are very, very expensive. So again, a lot of these manufacturers kind of pre-test it just to, because they know it's a selling point for a lot of the owners, but when someone were to request a test, they would have to go to a third party. So they don't go to the manufacturers. They don't go to us. They would go to a third party request a sound test. It's a standardized test that they do and it's very, very costly. So it can be upwards of $20,000 give or take. It's quite expensive. Okay. Let's pull up slide number five where has a sound rating. So for laminate and wood floors, there's two, you have an IIC and an STC. What is that? That's correct. So as you see here in the example, there are many different ratings. This particular set of ratings is from our, one of our underlimbs that we carry here. As you can see the, there's IIC listed for different materials, even more specifically. So for laminate, luxury vinyl tile or LVT, as you commonly heard, as well as ceramic tile, there is different IICs for different materials, as well as STC that's on there. So there's a good illustration a little bit later, but STC is basically the sound in or around the room versus the sound from the top floor to the bottom floor. So when we talked earlier about, you know, the little girl next door playing at, you know, 9 p.m., 10 p.m. and she's walking on the floor, the STC rating is going to be that magic number that you have to pay attention to when trying to mitigate the sound from the room next door. Oh, I see. So let's talk about the underlimbs. I know when you usually go to and by flooring, they're always talking about the underlimbs. So it's really the underlayment that really gives you that IIC rating or prevents it. Correct. Yes, the underlayment is usually the mitigator if the planks don't have it. In installations today, vinyl planks usually have an attached underlayment, which has an IIC, a pretty good one, although a lot of condos, in my experience, want it higher than that. So in our instance, we do have our material. We have an underlayment that is approved to go under there and that can boost up the IICs to the requirements of the condo associations. And there are different types of underlayments out there. Generally, there are three types. There is foam, also cork, and rubber. So with that, there's different benefits in those three. Foam is generally widely available. It's very inexpensive. It's light, so it's very easy to install. And probably like 80% of our guests use some sort of foam underlayment. There also is cork underlayment. It's a little bit more of a premium product, but it's good for the environment. So if your guests are environmental conscious, then it's a good bet. It is a little bit thicker, a little bit heavier, so it's a little bit harder to install as well. There's also rubber underlayments out there. The really thick ones, I think you've seen them. Sometimes the guests use them as gym mats as well, or putting it on gym equipment onto there. That also helps with sound mitigations from the top floor down to the bottom floor. But very thick, very heavy, harder to install, harder to kind of fit into your certain areas. There are a lot of underlayments out there that work differently with different materials. So we always recommend to talk to one of us, talk to me, let me be a resource. And we can kind of talk you through that process of finding the right underlayment for the right area of the home. Okay, so on our next slide, number seven, you mentioned it earlier. It describes the differences between the IIC and STC. So what is that? Correct, so this is a great illustration. This illustration is a multi-level dwelling. The top floor, we have Mary that's tap dancing at three in the morning. The sound is going to be going down, and what IIC measures is the sound mitigation from the top floor to the bottom floor. An example of STC, if she's doing her midnight tap dancing, the sound is going to be bouncing off the walls, off the ceilings, and that's going to be the sound inside. So STC, or a higher STC level, will prevent the noise from bouncing inside the home. Very similar to IIC, the lower of the ratings means there's more transfer of sound, meaning it's going to be louder. The higher ratings up to 100 are going to be the, you know, it's a better insulator or better mitigator of sound from the top floor to the bottom floor. Okay, so one question that came up to me last Saturday when I was talking to some condo people was, you know, when they're talking about, we were just talking out loud and, you know, like how does, you know, about how a condo would put their policy and procedures together regarding flooring installation, whether it be carpet or hardwood or vinyl or tile. One question was asked, well, how do we know what rating they bought? If we say we want the highest rating, like 100, how does the condo know that they actually bought that 100 rating? So I had suggested I go, well, maybe have them provide a copy of the invoice. Does the invoice even show that rating? Our invoice doesn't show, but typically when, that's a very, very common question to ask for them to provide the IC rating. A lot of the products actually have it in their spec sheets. So if, you know, you put into your requirements, please require the guests to get a spec sheet of the product or material to them. So not only does the vinyl plank tile, they sometimes have spec sheets to provide that, but the underlayment always does. The underlayment is the spec sheet that will have that IIC STC to meet the requirements. Some guests, or excuse me, some condo associates also require the material that you're going to be submitting as well to hold on hand. I always say it's a good idea for, you know, once a underlayment is approved for the condo association based off the IC to either keep a sample, keep a spec sheet, because you're going to have residents asking in the future, hey, what underlayment was previously approved or what underlayment meets your requirements. And you know, you have something on the side, say this, this, you know, you can talk to my guy, Brett, he has this over here, or you can spec this from anywhere and get it, get it to you so you can, you know, finish your project or have the material to finish your project. In the early line of town association, some of the paint companies have their array of approved paint colors. Gotcha, yeah. You can go in there and they're like, okay, these are the only colors approved. It's a little stringent, but again, it's, it's, when you have, you know, tried and true products, you know that that's going to work with everybody. It's going to be harmonious to everybody. And it just makes everybody in the building happy. So do some of these come with performance warranties? That's a great question. I don't think that there's any performance warranties. You can, I think as far as like, you know, sure firing the, the sound mitigation, you can request like the testing methods or the actual test is very, very complicated, but you can read through that that was tested by a third party to have some understanding. I'm always a big proponent of real, real world tests and to put it down and to put the material and kind of do a real world test. And again, if it is good or if it is approved, then you can say, hey, this is good going forward. If you just use this with a specific type of vinyl or, you know, vinyl with this type of IAC, I think it should work going forward. What about the installers? Do you use, do you have a select few that you normally use or suggest that are familiar with the installation methods? Is it just a standard installation? It's fairly standard in all honesty. The underlayments that we have, especially the foam one, like I mentioned, it's very light.  When you're laying it out, very, very simple. Some have moisture mitigation, mitigation properties as well, but you know, just the normal acoustical mitigators. You just roll it out, don't overlap them, just kind of make them taut. There's like sometimes there's seam tape like that. They usually do come with an instruction manual and it's very, very easy. I can install it and it's saying that's saying a lot. Okay. Okay, so what is the best rating for, well, here's a question. You have wood flooring and then you have like the engineered type wood flooring, those different types. So, depending on the type of wood flooring, would it also be a different IC rating that you need to put for the underlayment or they're pretty much the same? That's right. The great question. There's every single material does have a different IC rating, even when you're stacking it with different underlayments as well. Generally, if they did like this previous slide that you saw, they'll say wood and it has the IC. So there's like a general kind of ideal for that. But, you know, going back to how I guess working with the material versus the area versus the underlayment, there is a specific wood underlayment that you would put a like a plywood board and the underlayment with the wood and it boosts up the IC quite high. Versus if you just use just, you know, our underlayment, it might be lower for the wood. So again, knowing your project, knowing the material, knowing the area you're going to be putting down and why or how much mitigation of sound you're going to need is very dependent by project is very specific. So it can get complicated that way. Again, speaking to someone that works with it every single day, the manufacturers, even the installers at times because they're very familiar with working with countless that they can help that process of maybe standardizing, you know, requirements or just explaining to your guess what they'll need in order to complete their project. And I also kind of need to know how their flooring is like how thick the concrete slab of the floor is does that make a difference. So they would kind of need to know some of that and hopefully they have that information available. Because I would think the thicker the slab maybe the better it is. Generally, you know, we found in cases that's not always true. But when when they're giving those test results. It's very, very detailed in what they tested with what kind of subfloor they tested with the material on there. Even just like the sometimes they'll test one product for different, you know, six inch slab eight inch slab drop ceilings. They've been put like the insulator that would be in that drop ceiling and what that did very scientific. Again, they try to boil it down to that I see number to be a little bit more understandable for common folks like myself. So at your location you have several different types of brands and with that they have also the different types of. It depends on the type of application flooring application you're going to use right that you would probably have a different brand that might be better than another brand. That's that's correct. But you know the trend right now I think vinyl is the most popular. We're seeing an influx of laminate nowadays. Hardwood still tends to be more of a luxury item or product to purchase but all of them do have specific underlayments that will help mitigate in different ways for different areas as well. So vinyl is that that one that looks like wood. That's correct. Yeah, it's, it's 100% waterproof product that looks like wood it's floating so it's a very easy install very inexpensive labor prices and probably 80% of the market today is purchasing vinyl as a as a hard surface option. Okay, yeah, I'm removing three layers of those old peel and sticks off of the house and I'm like, this is horrible. We still see those around you know there's been a lot of improvement since then, and it's an ever evolving industry and we see new material lines all the time and products all the time. Okay, so we're nearing our end so you have like two for six different brands that you represent at pro source. So, let's say a board member came in and that person was tasked with trying to set up their specs. Are you able to help them put that together. Thank you for asking that so you know, I should have prefaced this I'm not a lawyer or I'm not a. Or you can actually help them put the board together of this type of a man and you know, something like that, you know, absolutely. Yeah, absolutely. So again we work with condos associations clients that have sound requirements we have. We have like dozens and dozens of projects that needed that and, you know, even finding something for a specific condo because every unit should be the same. Or very, very similar finding a product that will work from, you know, the bottom floor all the way to the top floor with the different type of materials. So on that before in the past, we put together a design board like you mentioned with, you know, the underlayment the planks to present and even do a little bit testings like we have speaking of STC like you mentioned. We have a new product that helps a lot with the sound in around the home being the STC so if you still if you're on the bottom floor you don't have a, you know, a lower a lower floor. So it's a product that will help with the sound in around the home, just to make it harmonious and peaceful for for everyday living. Okay, great. Oh, this is kind of kind of cool with the different sound sound barriers and different applications for that. And also, again, for to recap it depends on the type of flooring you're going to put in hardwood versus the engineered. Even the vinyl plank wood looking flooring that it will vary depending on the type of actual flooring that you're going to put in. I didn't realize even tile. I just thought was then set tile. And the tile can get very loud and again, we do have products to do a bunch of plethora thing we're talking about sound now to mitigate sound but there's also products to mitigate cracking movement of it. To get too cold we have a warming warming underlayment so there's tons of things you can do with your flooring and even to put underneath your floor just to make it a better daily living for yourself. Great. Okay, Brent, I want to thank you again for being on the show today. And also being able to and being available to help these condos to help set their specs, at least let them be aware of the different ratings helping to educate them. And, you know, even being put a sample board up together. And again, but then also that's going to be also whatever the condo does typically it will be subject to an attorney review but at least you've got them get them going so that at least don't just look at that board right there go down to pro source but this is the type and at least they'll have pictures and the samples up there that they can feel in touch. That the condos can have a copy that's inside their office, and then you can maintain a copy for your records as well. I really appreciate you taking the time out. And look forward to working with you in the future to if you come up with another kind of product for a condo. Thank you so much. Thank you everybody for joining us today for condo insider and look forward to seeing you in a couple weeks on another subject that we have coming up. And even just as great on financials and reserves for condo boards. That's going to be next week. So I'll see everybody again next week. Thank you Brett. Mahalo.


I think that there are two particular opportunities where I'm excited about the use of these new technologies for lending. The first is we've seen some interesting new innovations in agriculture and small business value chains, which were previously very economically active but underserved financially segments. And with the increasing availability of information both administrative transactional data and alternative data such as their social media profiles on social media marketplaces and things, these businesses are becoming better known. And so from my work in East Africa, I've seen a wide range of different firms that are taking loosely dispersed small businesses like the kiosks in your villages and connecting them to tighter value chains and are able to offer lower cost access to wholesale products, wholesale financing. In the case of farmers, we see advances on future sales from the next season. We see loans being used to bridge the gap to send your children to school while you're waiting for the next harvest and the next payment because farmers income is lumpy. And so those are really exciting for underserved economic segments. And then the other thing I'm excited about is what access to more alternative information and artificial intelligence is doing for retail banking. We're seeing innovations in markets where they have open banking concepts where firms are helping consumers to be smarter consumers. So looking at their financial history and giving them advice on when they should switch banks to save money or where they should be putting their investment funds. And so some of those automated advice and facilitated switching products I think are going to be great for competition because DFS has some market concentration issues in some jurisdictions. I think the diversity and speed are the two challenges. So diversity in terms of you have many new entrants to the financial technology sector that come under a wide range of regulatory jurisdictions and in some cases are not regulated at all. If you look at digital lenders in many markets, there's not the proper supervisory infrastructure to have equal oversight on all different lenders. So one app you download comes with certain consumer protections and another does not just because of regulatory definitions. Now that's starting to be addressed, but it's still something where there's clear issues that need to be done to update market coverage to reflect the modern economy. And then the second aspect, for example, we see rising concerns around how data is being used, things like biases and algorithmic scoring models which can harm already vulnerable or marginalized populations. And keeping a pace with really fascinating technologies in the private sector is hard for traditional supervisory institutions. And so we'll never get to the place where I think regulators will have as sophisticated of an artificial intelligence or understanding of algorithms and scoring models. But at a minimum, I think we need to invest in more staff and resources which can at least understand these models and can look under the hood a bit. Because I think we can't just take these innovations at face value. We have to become experts ourselves.


Right welcome everybody. So today I keep getting the question about Where's the market going? What's happening and is December the next bull run? I had to take a step back just think about it because maybe I'm just biased and a little bit too bearish So I had to try to peel back the data and see what it shows us So we're gonna take a look at December potentially starting the bull run Maybe also take a look at some of the data Bitcoin having 15 months out starts the crypto bull run Or is that the case and we'll take a look at the data there and we'll go over some I think more important perspective, which is the timing nuances Recessions quantity of tidying fed pivots and soft landings And lastly we'll quickly go over what's going on in the crypto market as far as the news Which is there's layoffs by buy bits looks like the ripple Legal team has rested their case looks like decisions coming potentially March 2023 Also take I'll talk about my decision to step down from the dca show and just give a little perspective and finally finally We'll do a little q&a. So let's just jump into a lot of things to cover. So the first things first, which is this It was uh pretty interesting. I had this um This tweet sent over to me. This is from timothy pertas and peterson.  Let me say that again three consecutive up months Singled the end of the bear market in every case one false positive 2001, which was a pretty bad time. We'll be honest October and November 2022 are both up. So if December is up, I'd say 90 chance the bear market is over There's your december signal. I had to take a step back. I thought about I go 840 months quite a long time I think he's talking about equities because we haven't been around that long For crypto right only been around 12 years or so since 2009 so I thought I think he's just talking about uh equities and stocks and then I also I took a look at uh Ben's website, which I steal all this data as much as I possibly can and uh, don't worry I don't show anything like super important like uh time and risk bands. That's pretty cool stuff But this one bitcoin monthly returns double you can find this anywhere not a big deal and you can see that in 2022 specifically Which would be this this year uh november was kind of a Crappy month. We were down 16 percent in october for some reason. We did pretty well 5 percent and october Historically has been a pretty good month. It's only had four negative months uh since 2010 and uh, so that's After the all-time high so in 2017 we had an all-time high in october negative 3 percent in 2013. We had an all-time high 2014 negative month So I was expecting a little bit of a negative month But no which gave me gave me hope for november and that was dashed of course And now here we are in december and so far we're down just a little bit But who knows so again for this little piece right here I would say it's uh pretty much Talking about equities and moving from there, but then there's another piece That caught my attention that that was pretty interesting Which was a comment From livy livy ughd. He says this is a fud channel debatable, but okay He says making money from shorting, but you are wrong bull market is in january We're just close to december thing and I said, hey, man. I hope you're right quite honestly I don't think we're gonna see any much big fireworks till 2025, but there was uh It had a lot of comments quite honestly, but there was one that struck me is quite interesting From crypto riccardo. Uh, he's been falling for a while Good insights and stuff like that And uh, he says look rob him a longtime follower and you see is a good read of general sentiment Also debatable So if you don't think the bull market would back in 2023 it probably will no offense Which is he's talking about, you know Usually when people think something's gonna happen the exact opposite happens But hey, someone's got to be right and someone's got to be wrong So he says again if december closes green It'll be pretty good and then Comment on timothy peterson And of course we took a look at that. I was at equities not crypto and crypto does fall in line with The traditional markets but not all the time And he made a good point here He goes also if you base your thesis on bitcoin having which I do if history is an indication The bull market starts roughly 14 to 16 months before the having Now that I thought it was interesting 14 to 16 months before the having which is meant to be around april 2024 April 2024 actually it's march april. He's right minus 15 months equals january 2023 So, okay, let's take a peek. First of all, let's define exactly what a bull run or a bear one potentially is and from that This is just uh from just information picked out Bull markets are associated with a rosy or healthy economic environments where asset prices have risen by at least 20% And are expected to continue rising. So again bull markets 20% or more and they expect expectations of continuing rising Bear markets when we when we fall by 20% and we think it's going to keep going down. Got it. Got it So if we take a look here, here's the bitcoin having record We had one in two november 2012 July 2016 and may 2020 and we're going to go for 2024 roughly around march april somewhere around there so If that be in the case, let's take the first one November 2012 and if we go to what I use all the time coin get go. It doesn't even go back that far It stops at 2013. So for accurate historical data for bitcoin you have to go to 99bitcoins.com very simple to find and if we take a look back again For let's just let's just stick with 15 months 14 to 16 months. We'll we'll we'll split hairs roughly 15 months. So november 2012 if we go back 15 months or so Now we're looking at This isn't it august september somewhere around there Of 2011 remember one year back plus plus three months or so so august september I took a look at i'm like, you know, if that Would indicates the bull run bull run you could have bought Bitcoin at almost nine bucks, which let's be honest Would anybody complain if like, oh man, I got it for nine bucks? and unfortunately later I had to buy it for I could have bought it for You know two dollars, of course, that's a big difference, right? And this is what I'm trying to get to If you had to buy it at Roughly eight dollars nine dollars Because that's one of the time, you know 14 to 16 months, but if we move forward Again november of 2012 was the bitcoin having So if you just take out 12 months You could have got a pretty a lot less Is it a big deal probably not but then moving forward three dollars four dollars six dollars somewhere around here Even if you wait a little bit longer And this is guaranteed a bear market, right? You could have still seen some pretty impressive gains moving forward So maybe the bear market's over But uh, I'm not going to back up the truck and buy everything So moving forward, let's take a look also at 2016 july 2016. So we take that minus 15 months Looking at april 2015 somewhere around there and this one a little bit more accurate You're looking at 232 bucks for bitcoin again, would that be awful? No, especially all the different altcoins you could have gotten So 235, but what if you just weighed a little bit and just didn't get in you could have gotten a lower in august Which again If you're looking at 14 to 16 months That would be 11 months before the having Right around here And you got up for 225, which is pretty close to 243 or whatever it was, right? So if you mess up you're like, well, I think it's 14 16 months for sure It's not always the case Now let's take a look at May 2020 so 15 months prior you're looking at February 2019 somewhere around there So again, this one's a little more accurate So February 2019 you could have got bitcoin at $3,400 and 64 3,464 And we take a look that really was a pretty good time to buy because it didn't really come down too much until right around Yeah, not even there Then the next dip was in 2020 of march $5,000 so this one sure it could be But the point i'm trying to make here is this is that even if you Miss the timing go, okay. Well, these are some hard rules 14 to 16 months. I'm gonna do it like that There's still opportunities out there and it's just people will say well This is they're so sure that this is the bottom and this is the top and this is this And I look at that and I think to myself Is it really that important to shave off? The pennies or the thousands As opposed to the hundreds of thousands. Yes in 2011 you could shave off pennies to get you know thousands of dollars Here there's a diminishing return type of thing. So Are we spinning our wheels a little bit too much to deal with this? And maybe if we just I don't know do this thing called dollar cost averaging move forward That's what works for me. Anyhow, let me know what you think about that in the comment section That will leave me my next point The nuances of time And this was brought to my attention, which I think everybody knows right now By simon which I call the sign indicator and he says and yeah, I think he's being besieged here People don't realize this is the first bear market in a recession So far every crypto bear market has been in the equities Bull market the pen will be a while and of course people will say well come on simon I mean, it's not like nobody knows that but I think in all honesty a lot of people don't Not not you who are here if you're here right now, you're not a tourist.   Well, it's down right now. I don't think they realize They obviously don't That the whole time we've done this whole crypto market It's been in a pretty big upswing and quantitative easing moving forward. So Again, the nuances are this we could be in this next bull run But just remember that it comes down to a lot of factors and one of those is well first the Fed This was from November 28th the Fed presidency's inflation fight stretching into 2024 What does that mean? That means that I don't know if they're going to keep raising rates, but they're not going to lower them This is the Federal Reserve head of st. Louis expect the central banks fight to curb high inflation in the u.s To stretch into 2024 That this is the Fed reserve president james bullard looks pretty happy right here crushing people's dreams I'm just kidding, but not really because I think we'll probably have to stay there all during 2023 and into 2024 Meeting minutes from the federal open market committee foam c. I foam c suggests that it's next meeting in december Board members were open to raising interest rates by 50 basis points instead of another 75 basis point hike But again, they they raise those rates And they're going to keep them there for a while. And what does that mean? Probably a recession Forecast by bloomberg hits it at 100 percent other places will say 92 98 percent some people say that we're not even going to a recession whatsoever I personally think we will go into it as we see a little bit more of the tightening economy and speaking of tightening tightening and conditions There's quantitative easing which is where we start to print money like crazy and we're really good at that america Now we're not so good the other part quantitative tightening This is domestic security holdings as a number 30th This is from the new york fed dot org and you can see that the change from prior the week This is in thousand so you're looking at they're they printed so much money and put it out there now It's time to take back The fed giveth and the fed take it away and right now read negative 32 billion as they Ratchet up for quantitative tightening and take everything or not take everything But take a good chunk back here and there off their trillions that they added on their balance sheet so just be aware of that also You have to remember that even if the fed pivots and there's a lot of definitions from when the fed pivots is Is the fed pivoting? when they start to decrease The amounts of rate changes. I don't think that's what we're talking about here I think we're talking about when we top out from the federal funds rate and they start to either stall Or decrease those rates and you can see that even when we and we're not even close We're not well, maybe we're close. I should take that back but even when the fed pivots The feds like okay, you know the funds rates is at the all-time high We've gotten inflation under control Recession to this job It'll still go down negative 40 negative 27 percent. This is back in the 70s and 80s even the current 90s 2000s 19 roughly of course that was A little pandemic called coronavirus. I don't know if you heard about that, but it was big And yeah, so you can see that even when the fed pivots and their federal funds effective rate tops out You're still gonna have some pain and again the federal funds effective rate We're not This may be the top But they just talked about that they're gonna raise rates in december's meeting So don't expect that and even after that how long is it gonna take? Who knows? So again, I do see a little bit more pain on the horizon, but I will just say this The news is just the news the news is is just data It's either it's either good news or bad news. It's all how you look at it for me I always take a look at this and go well I mean at least I know and I'm prepared for the future. So I don't really See it so much as like this is the negative thing of all time and everything's gonna collapse And to say well, that's the data now The question is what do I do with that data and that is where you come You're smart enough to figure it out. You can take things that are that are Thrown at you And I think that's uh with the information that you get at least you can mentally be prepared So you can say okay. I know this is coming I'm gonna plan for both sides of the of the same coin and I move forward Whatever that is for you is you for me. It's personally. I just continue to Again So for me, it's just so it's simple. I just buy a little bit and I wait I don't Gary again, just trying to shut me down. Are all my investments been out? Probably not.  We're not all gonna make it. That's why I diversify So let me just think about that in the comment section now. Let's finish up with Some quick crypto news and this is important Because this is these are the things that I look at to see What's gonna be the next Exchange project that uh, we'll make it so buy bit and swift x believe they're in australia Join the list of crypto firms reducing workforce. This is on top of uh, kraken It's laid off 30 and that's how businesses work and I applaud them for this because if you want to keep going and stay Have buoyancy and keep your head above water. This is what you have to do. This is from benzao The buy bits CEO has had difficult decision made today, but tough times demand tough decisions I just announced plans to reduce our workforce As part of an ongoing reorganization of the business as we move to refocus our efforts the deepening of their market The plan laughs will be across the board 30% same thing as uh kraken It's important to ensure buy bit is the right structure and resources in place to navigate the market slowdown And is nimble enough to seize the many opportunities ahead. I gotta applaud you for that You know, you didn't full up like a lot of these centralized exchanges go Hey, we know you we have all your funds, but we're gonna fold and we're gonna keep everything In chapter 11 and good luck getting a back suckers Good job, ben You doing what you're supposed to do to keep things above water and uh, maybe the next bull run and you guys will be the dominant Crypto exchange not for sure, but at least you'll be around and that's what's important Also, if we take a look at a great website called nomics By bits not small If you take a look at uh, the amount of volume Binance is number one Hold on. What happened here? Let me let me reshuffle this Ah, that's better. Binance is still number one 24 percent. Okay x is 5.42 percent and being x is 4.9 percent All they used to be ftx not anymore bit get 4 percent and then buy bit Almost 3 percent and you have bit 4x maxi global who will be bit true Coinbase exchange That's a weird 0.87. Huh. Look at that And so on and so forth. So again, I think it's a pretty Big player in the game as they lay off and continue to build And lastly for everybody who still owns ripple or excuse me xrp myself included. This is pretty big Ripple files final submission against sec is landmark case near zen. I gotta tell you I'm tired of hearing about this case It's almost over. It's almost over. It's almost over. This is why I didn't cover it because it gets just kind of dull But looks like we're here Ripple argued in this motion document that the sec has failed to prove it's offering of xrp Between 13 and 2020 was an offer sale of an investment contract and therefore a security Stuart alderati Nailed it general counsel of ripple stayed on twitter on December 3rd. This is ripple's final submission Action the court to grant judgment in its favor Alderati continued to slam the sec on December 5th and referred to it as a bouncing regulator quoting two statements he suggests it ends with each other Which the how we provides a clear express test For determining what constitutes an investment contract. This of course is from 1933 I believe when they determine what would be a Security which is kind of weird because I mean we barely had cars at that point sec April 22nd, 721, then they talk about him and speech what he's talking about here Said there's really three issues left to resolve Said the summary judgment motions expert challenges and sealing issues were going to the expert reports And the Hinman documents and other material laid out by the sec and their motions and ripple The Hinman document referred to the speech that William Hinman delivered at the yahoo finance all market summit Where he said that ether was not a security which I got to tell you if I'm an investor and I hear the head of the sec at that point go it's not a security. I may have FOMO'd in a little too hard. So who's responsible there? and then one big Written ruling will be released likely on or before march 31st 2023 for all these Three issues summary judgments expert challenges Hinman documents and that would be by judge torris So hopefully this is true We can get a little clarity about what's going on and if that happens expect xrp to go up exponentially if they Just went part of it and go from there and then lastly my decision to Take off from dca. So look that I think they just did their show a little bit ago. It was uh, james and cto larson and uh Banter something like that and look it's a great great lineup. Sounds good. I just had to tell james ago Man, I think it's time for me to step away for a bit. We've been doing it for a year I thought things needed a new direction and uh said well, it's good enough I just went over there wish those guys well looks like a banger of a of a format and that's it So I'm gonna take a little step back a lot of things going on and um, just time for new horizons So I wish those guys the best and that's it. No hard feelings is that's why I told james and he's understand and then lastly just a little perspective because I know we get wrapped up in our The day-to-day conundrums of the crypto market of things that are going on I want you to take a look at this So this right here. This is uh, glenny crings Lenny crings cute five-year-old durable She has inoperable brain cancer And they gave her three to six months So as a parent mean people who have kids, you know, this is devastating So what they did was the parents they Gave her the best birthday she could possibly have the whole town pitched in there was a parade balloons And activities and it was just the best thing of all time because she probably won't hit her sixth birthday And I wrote it like this like a week get wrapped up in our day-to-day. We want the crypto to go up We want our investments to go up. But is that the big thing? It's not the big thing The big thing is getting out there and living life, right? And then also just remember this Healthy people you and I have a thousand wishes, but a sec a sick person only has one So just remember this when you think to yourself man life is tough It's not that bad and that's it. So look that's it for today If you like today's video, give it a thumbs up I consider subscribing a lot of things we talk about our time sensitive mostly And that is it. So now if you want to stick around and do a little q&a I'll be here. I'll answer all your burning questions to the best of my abilities as we go from there So if you gotta take off take off here in 20 minutes now, let's get into my favorite part of the show little q&a We were this banner all right Bicky reminds me not financial legal attacks advice the channel's room tamper zoning Dan is not an expert obviously or financial planners. These are just my opinions


Thank you all for your time, and we'll jump right into the content. So, Fuzz Testing is a process of testing your APIs with genuine data. It's different from conventional unit testing, because you are not trying to verify the function or parts of your code. Instead, we're looking for group reverberators, such as MSAPDs, unbound resource usage, and plainly non-crash. Fuzz Testing has not been widely adopted in this project, but we've had a lot of success with it online. In the past three years, we've caught the force to use the other fuzzers. Our fuzzers have also caught any other non-secure networks that might still support fuzzers, and we improved our algorithm skills to fix them. I'm going to give you a quick overview of the number of fuzzers online to demonstrate the impact. First, before writing Fuzz, we need a library to test. Up here, I'm going to give you a brief implementation of a C++ function. This function unescapes new line characters in the input string. It works generally well for the majority of inputs, but there are a few problems with it. Let's focus on the indexing. Notice that the index i is incremented in two places. Under certain inputs, we might end up incrementing outside the bounds of the string and read a character that's not part of the string. That is invalid behavior in C++. Let's write a fuzzer that can catch edge cases like this. So first, to write a fuzzer in Envoy, we need to create a fuzz input schema. The input schema indicates to the fuzzing engine the types of data to generate. The previous library takes in one single input parameter, a string, so we create a protocol message that has a string field. Now the fuzzing engine will generate random strings. Next, we write our fuzzer. For this library, it's very simple, three lines of code. We use the standard lib protobuf mutator macro to define a callback function. This callback ingests a generated input and passes it down to the library under test, the unescape function. Now, when the fuzzer runs, it generates random strings, one string per iteration. Here is some possible strings that might generate. Our hope is that the fuzzer will generate that last string, the string with a trailing backslash. This input will cause that undefined behavior in the library under test. Our fuzzer running with C++ sanitizers will catch that and report the error to the developer. So now, the key question is, how does the fuzzing engine generate strings like this? If the strings are completely random, it might take it a lot of trial and error to create a backslash at the end. So the answer is that it's not completely random. This is where continuous fuzzing with coverage-guided fuzzers come in. Continuous fuzzing is essentially running our fuzzer's 24-7 in the background. We combine this with coverage-guided fuzzers. Coverage-guided fuzzers employ a feedback loop to generate inputs. These fuzzers use code coverage as the input signal in the feedback loop. So every time these fuzzers run, they generate a random input and then score or rate that input based on code coverage. The fuzzers can then explore other statespace new inputs that rate higher, that have higher code coverage. It boils down to an optimization problem. The fuzzers are trying to optimize against the input space and the loss function is inversely proportional to code coverage. So this whole concept of continuous fuzzing with coverage-guided fuzzers is a solved problem at Google. We have two open-source frameworks that any developers can use. If you're a high-impact open-source project that is used widely across the web, you can integrate with OSS Fuzz. This is managed by Google and it's completely free for you to use. If your project doesn't meet those requirements, you can run cluster fuzz on your own infrastructure. That is all I have. Thank you.