ATO? I don't think it's anything, but I'll look at it. No, nothing. No, nothing. I have the charts up now, yes. So we have one thing, this TLYS, and that's it. And the problem is it's kind of thin and very spready, so I would have rather done DLTR, but now we can't do it. And EXPR is not that interesting to me here. This would be more of a late setup if it's set up, and so I really wouldn't, I'm not excited about this at all.  Can't even think. Quick. What did we do yesterday? I don't remember. Quick, quick, quick, quick, quick. Nobody was quick enough. Too late. Tiff. We could watch that today if we don't get anything in this. We're going to take it easy today. Yesterday was a good day, and the one I liked is not even gapping down now. I do think this is worth watching, but it is very spready and does not have a big target, so we'll see what we get. I'm not going to be heavy-handed today though. I can tell you that already now. CHS is done. Tiff could continue. Tiff is worth watching if it sets up. This isn't open yet. All right, there it goes. No one should be leaning on their keyboards this morning. No one should be leaning on their chairs. Ark is not going to hold if it doesn't hold right a ways. Yeah, this was a bust. Okay, watching, basically watching everything. Okay, sitting here watching this still no volume, and waiting, and watching, and the volume could come in, and it opened late, and we don't have anything else to watch, so this is worth watching, and I'm not even anywhere near the keyboard, so no one should be sitting on anything but their hands right now. Gosh, I wish this looked more interesting to me because it actually has volume. Okay, TLYS, I'm watching, and I'm not doing anything in this right now with this lack of volume, so I'm still watching this, and this really has no volume at all. It's unfortunate. This doesn't get the volume in the next two minutes. I'm passing on this completely. In fact, it doesn't even look like it's moving, even though it actually is moving, and that's bizarre. So, gosh, you may have to do EXPR or nothing here today. So I'm flipping to EXPR. The other one doesn't have enough volume at TLYS. I don't even think that was gapping Koala Bear. Let's do, this is very aggressive, let's do 75 by 05. 75 by 05 EXPR if it hits. 75 by 05 for a quick trade in EXPR short if you want it. That wasn't gapping to my knowledge, Koala Bear. If I'm wrong, write it in the room the reason for the gap, and I'll take a look at it. I don't want to move off of something here. We're not going to get anything. TLYS is too thin. 75 is valid here in the EXPR. If DGS gapped, I want to reason, you write it in the room, and I'll look at it. Otherwise, I'm not going to move off of this, so we may not get anything today. Don't, don't jump the gun on this. This may not set up. TLYS is too thin. This is going to hit right here, or it's going to reverse and not work. So don't be in it until it hits. This has got to go right now. It's not going to work. There, get it. Get in it right now and put the stop in. 605. Oh my God, I just said it's going to go right now. It's not going to work. Get the stop in at 605. Be in it, be in it. 550 is the first target. Here, I'll write it in the room. We're doing a quick trade because we have nothing else to do, and we have absolutely nothing else to do. It is heavy, heavy, heavy, and not touching this with anything at all. Okay, here, here, you have to do it now, or you're not doing anything today. Here it goes. One quick trade, and we're not worried about risk to reward, even though Gala had worries about that every second. We're just making money today. There really wasn't anything that great. We're doing this for a quick trade. That's it. Or you do nothing. Some days you have a huge opportunity, which we did yesterday, we'll review it. And some days there's nothing to do. And some days you have a plan of action, and then all of a sudden it changes right before the open, which is what happened today with the LTR. Here, EXPR. One quick trade through the low, out, done. You see what? I don't know what you're talking about, and I can't move away from this because this could go right down and we're getting out. You either did this trade or you didn't do anything today, or you did something else. I don't know. Sorry, I can't look at anything now. You did this, you did it. If you're in it, you're in it. Is anyone in this or not? 66. You stinker. Here, it's going to break the low. Just got to wait a second. I did see that earlier, but then I didn't go back to it. No, I don't like to do these things. And you people know that. Look at it. First of all, it's not going to work. And second of all, I don't like to do these. Tip is going to fall, but it's kind of a mess right now. This thing here, did it do anything? This was just bizarro world. I don't like the way it's moving. I don't like the way it's trading. It looks like this is falling, but I'm not in it. I didn't call it, I just, I didn't like anything about the way this was trading. Looks like it's just untradable to me at this point, but it fell. Here, EXPR, if you're in it, you're in it for one quick trade. If you did the other one, then you were just risking the farm today because it traded, it wasn't hardly moving. No volume and ticks. Your an EXPR stop is 605. Are there any decent loans? Target, I just wrote in the room. Here, I'll copy and paste it again right here. That's what that was. It doesn't mean we're holding it till there. It means you're watching that number in case it goes right there. It could go past that. We make it out before that. It's an area. These things aren't set in stone. Market is crazy today. Were there any good longs? Gyro, did you look at any bullish gaps? Is A&F gapping? Because I didn't see that gapping this morning, but I'll look at it. Oh, is it gap up? No. This is nothing here.  Tiff's going to take a while to drop. It's fighting itself. It's fighting its own energy. Here, EXPR is the only thing we'll make money in this. I have no idea how much, but it doesn't matter as long as we're profitable. Let it drop. Let it break. The low is 66. Tiff is going to take a while to go, but we'll fall off a planet at some point. Could be today. Could be tomorrow. Had a very big move and you could have just got in and got out. This looks incredibly thin and spready for this price point, but it had a move. If you want to get nuts, you can take more of EXPR here. I'm not going to do that. I don't think there's any reason to get nuts today. The box, I looked at that last night, but I didn't like it. I didn't like it at all. And boy, I didn't like it at all. And that was good too. Yep. This is a complete and total failure. I did see that last night and I didn't like it. Stick with what we have going on here. And I'll keep watching this. This is just struggling with its own life here. EXPR into 75. We should clear through and break through the low and then we drop and then we're out. Slim Pickens here this morning once DLTR reversed. And that was really so lovely. It was just unfortunate. And now this is a mess too. But it was, I mean, this was, this is a huge reversal actually.  But I'm not doing this. This, you know, obviously you wouldn't do this.  And that's what this is doing. I mean, this probably is going to go to 90. But the stop here is like three and a half bucks or more. Okay, EXPR. Keep watching TIFF.  I know it. What is that going to happen? I gotta keep watching that. I'm almost inclined to do this here as well. I just think this is going to have a big move. Let's do, if this hits, let's do TIFF 99 by, and I'm going to be very tight with this 99 by 50. 99 by 50 TIFF, if it hits 99 by 50 TIFF. This is a snail and TIFF could really, oh crap, this is going to hit 99 by 50 TIFF. If you want it short, two trains, EXPR is a snail, short. This is a short. And again, wait until it hits. I thought it was going to there. 99 by 50 TIFF. And it's 94 50 for those of you that don't know, and if you don't know, you should be doing this. So it's 99 by 94 50 stop short TIFF. If it hits, EXPR is a snail. Part of reason I didn't want to watch that out of the gate, but I mean it might be out of the, oh, I just got hit out of this. Nope. I just got stopped in this. Leave it, leave it be. Leave it be. We're going to do TIFF. I just got hit right out of the EXPR. Well, plan of action here has changed and this will work better. Be out of the EXPR. It stopped. I was going to do this either way. So I guess we're doing TIFF two days in a row. 99 by 50. If you did EXPR, you got to be out. Shouldn't have gone anywhere over six. Stop with 605. I got hit out and you shouldn't be in it anymore and do not retake it. Just do this here. Just do this here. This is going to go. Put the stop at 94 50, just in case it has a big bar. You can take it right now at 93. Put the stop at 94 50 TIFF and we'll look at the targets. The target today is 90. This is a big target. So got stopped in EXPR. We'll go over it in a second. This is going to break the low of yesterday, which is 92. So 90 is not even a dream number. Okay. We were destined to do this two days in a row. All right. So EXPR, I'm not retaking. I got stopped out and the irony is that I was looking at TIFF and then this stopped. So be out of this. This really didn't have a big target. I was up in here. Again, no reason to get out. Didn't break the low. Could have killed it. Looked good here. Said this is just a snail. I thought of a baseline here and then pop. So you got to be out of this. I wouldn't even retake this at all. We had the stop right in here where it touched, but now at this point over six, I think it's a done deal.  I think this goes today. This, this, well, let's go over this right now. Some of you, meaning Gala had, I know, screwed this trade up really yesterday. Now, some of you get out early in the morning. I didn't have a problem with that at all. And I said you could have Gwalla Bear get out of the morning, Jackie get out of the morning. That was okay. Who in here actually held this and got the move, which I said what I was going to do and did exactly what I said. Who did it? This was a big trade if you did it right. Some of you, I hope you did it right. Who did this trade right yesterday? And Gyro, I know you signed out. Did anyone on the planet wait until this go went yesterday? If you messed this trade up yesterday, you better darn well do it today. Oh, you did hold it. Good job. Gyro held the tip. Who else held tip yesterday? Here this goes. Let it drop and fall.  This is going to break 92 and it could go right down and we could be up a million dollars in a second. This was such a good call yesterday and today for some reason I thought, wait a minute, we shouldn't have even done the next pair, but don't worry about it. This is on its own without the market. Jackie did not. I know you didn't, but that's okay. I had no problem with you getting out on the drop in the morning. That was the fast move, but Gala had moved the stop and we are going to go over that so that no one else makes that same mistake again, ever again. He moved the stop and then got hit out with a small profit and we are going to go over that. In fact, let's just go over it right now. Actually, let's go to the one minute. Be in this trade. If you want to make money today or you did that, if you did nothing or you did EXPR took the stop, you could stop if you want, but I don't think you should. This is going to work. This is working. Perfect entry in here.  You can get out if you want. You can get out if you want. Actually, no, it was right in here. It was before I closed out the room. Just some of you did. That was perfectly fine. You got more than a buck move. That was fine.  And that's what Gala had did, but I know other people in here have made those critical mistakes before. If you really, and this is the lesson to be learned from here from everyone, if you really don't have the guts to hold something to a bigger move, then get out in the first drop in the morning, whatever it is, a dollar, 50 cents, whatever, low stress. So once this broken drop, if you can't deal with hanging on to it, because nine times out of 10, it's not going to go right straight down. That's just not realistic. And this was very herky jerky yesterday.  Now I would have liked this to go more, but it was a nice move, but this is going to rock and roll today. Who's still in the put? Call a nice trade in the putter.  It's going to go to $90 and we're going to try to stay in it till then if we can. Anyways, Gala had lowered the stop over the 15 minute bar, which it went over and then he got stopped out almost right up against where we took it. So don't do that. Don't ever make shift things to be tight with stuff. Bar by bar, if you're up in the one minute, if you feel like it, but if you really can hold through something, or if you lose conviction, know yourself and get out into the first drop because you'll just mess up a profitable trade. Now this was still profitable trade for him, but he gave most of the profit back. You can't expect things to keep going down. Boom, boom, boom, boom, boom every second, every minute until they go to the target. That's not realistic. And this particularly was very jerky yesterday morning. You saw it when we were in it. We took it and we were in it and I jumped the gun and then we were down until it went. You got to have conviction in the gap and in the entry that you're taking in it. And don't finagle putting stops at different places. This is going to break the law from yesterday and when it does, it should drop like a brick. Market is heavy and I don't think it continues and rallies today. We gap down. I don't think it has the energy and I don't think it has a steam. I don't think it's going to go anywhere today between today and tomorrow unless it drops. It's either going nowhere or it's dropping because of tomorrow's a big day with the whole summit thing. So this we could have not done it all. This is just a piece of crap, but we lost it. But we'll make money in tip. This other one here. What happened with this? This was strange but worked. I did not want to do this. It looked like it didn't move. It looked like it wasn't moving. You've got ticks in here and I don't want to trade something like that that has that little of a volume, but it did have a move. It actually looked like it moved 70 cents. This is that. This is dropping. What else do we have going on? That's it. Here. I thought Tim might finish dropping today. That's what I said. Yeah. I said a lot of things about this, but the point is that don't move stops or pick a place to move a stop to be tight with something that is a place that it shouldn't have a stop to be moved. And actually you guys know me that I never move my stops. So here this goes. Just let it fall. What a nice call. I'm so glad we did this. So you got to be in it. If you want it, EXP are stopped.  Here this goes.  We should get a dollar move right now when it breaks on you too. People went long this and then it didn't even really gap down. I expected this to actually gap down today, but then when I saw it not gapping down, it gapped up or was kind of neutral. I thought, well, that's kind of weird. Actually it was neutral, but I expected it to gap down. I'm just glad I remembered this. Today you want to exit the put in this? And we're going to day trading in a second day in a row? Apparently this is the gap of the week. Crap. Should we add more if it breaks? I know it's going to, but then it's going to ruin our price. No, it's too far into our price. This is a nice call. This is a great call, everybody. This is a dollar right in here. If you did it, man, here, what's everybody doing? You're almost back around now. If you just did that AHPR unless you're almost back around in your day, let it drop here. See what's going out today. Hang on a second. I just want to look and see if there's any econ. Today is, what's today's day? I don't even know. Oh my gosh, tomorrow is the last day of November. It's the 29th. Crazy. Okay, we had some data up this morning. Here it goes. Tip one thing out tomorrow morning. Oh, the FMC minutes thing is out today at two o'clock. That's what's going on. 10 o'clock, 10 30. So we do have one thing in that 10. We do have one thing at 10 30. We might be out of this by then. Let's see what earnings are out tonight. HPQ tonight. GME tonight. VMW tonight. Yay. HPQ would be really good if we got it. Let's look at tomorrow morning. Nothing really tomorrow morning. We need HPQ. Would be really good if we could get that. That's very nice to trade. What are you doing? If you did the AHPR, you're out. If you didn't do anything, fine. If you didn't do anything, you want to do this. It's a little bit late, but you could still do it. You can't be tight with the stop. And if you did this, then congratulations. You're almost back around. If you did the AHPR with the loss, and we're going to try to let this drop and break in, have a profitable day. I think this goes to 90. I think it really goes to even 89. I have no idea where this goes, but you want to exit the put on this today that I called yesterday for those of you in the option letter. Any questions from anyone at all? So what's going to happen is it's 955. It is absolutely critical to have conviction in what you're doing. So for those of you in here that are back and forth with that, you have to come to some kind of resolution within yourself before 2019 about that. You either have conviction or you don't have conviction. When you have conviction, it allows you to trade much, much better and make decisions better in life because you're not making fear-based decisions.  It's like a headache. It's a fog. And then you're in a fear mode, and then you don't do anything right. It's a disaster. So you must be in that place of conviction. If you don't know what I mean, then the best advice I can give you is to follow me to the letter. Not saying you're following me and not really following me. Actually do what I actually say and actually do it. And don't deviate from it at all. That's probably the easiest thing to do. But if you can understand that conviction and feel that conviction, it really helps you trade a lot better. So right now, this is a great example. This just backed up. It didn't break 92, which touched on it. It got four pennies away. Does it mean the trade's not going to work? Should you get out?  Is the whole thing a bust? Should you get upset? Should you be worried? Should you get out of the trade with the money or up? Do you have conviction this falling through or do you not have conviction this falling through?  You're up in this trade, but now it just pushed back 40 cents. Does that make you feel afraid? Does it make you feel worried? Do you want to get out now?   This is taking so long to go that I'm pretty sure the drop's going to be even bigger than I expected. So market just doesn't have the energy today to go anywhere higher. So it's either going to stay stuck here in a range or it's going to drop. So it's either going to be a range bound or drop, but if we start to drop big time through yesterday's bar, it could completely reverse it and then people are going to get nuts. So on TV yesterday, I said, this doesn't mean that everything is peaches and roses. Expect the volatility to continue 100%. And I didn't run out, call 100 overnight longs yesterday. First of all, the move was unexpected. And second of all, it's still not what it needs to be to say, this is it. We're going to go right back up to the high. So not that we won't, but I don't see that. I don't see that here yet. I can't see that at all. So the fact is that expect more volatility was a good thing. We gap down this morning. We're either going to be range bound today, stuck all day and not even move, or we're going to fall. And if we start to fall, really fall big. One, it's going to help this trade and you could be in it for hours if you want. Or two, it will create a massive amount of selling of everybody that bought back in yesterday that will get scared and panicky and go nuts. And this will help this and this could go, let's just see, let's just get crazy. What could this really go to today? 90 is not a crazy number. What would be a crazy bird number for this? Somebody, anybody. What do you think is a crazy number for this for a target? You get a little anxious, but every time you have a successful day, you push that filling aside. Good for you. A crazy number for koala bear would be $85. Jackie's saying 89. No, I'm saying crazy. 89 isn't crazy. 89 is a target. 90 is a target. 92 is a target. It's almost there. 91. I'm talking insane. And I'm not saying anyone should hold it there, but I'm just saying if the market falls, it could go there. What would be an insane number? Mimi said 60. I don't think it's going to 60, but that Mimi has the right idea.


Income tax 2021-2022. Business owned and operated by spouses. Get ready to get income to the max. Dive into income tax 2021-2022. Most of this information can be found in Publication 334 Tax Guide for Small Businesses on the IRS website and irs.gov, irs.gov. Income tax formula looking at the first line, the income line. However, we're imagining a separate schedule, a Schedule C which has income and expenses, expenses in essence being deductions, the net income rolling into this top line of the equation as well as the first page of the form 1040 that we see here. Line number eight is where our focus is. Other income from Schedule 1, the Schedule C then would flow through to Schedule 1, flowing through to the first page of the 1040 we see here. Here is the Schedule C profit and loss from businesses. Basically an income statement which the net income flows through to Schedule 1 and then flows through to line 8 here of other income on the form 1040. We're looking now at a business owned and operated by spouses. So the question here is well if you have two people let's go over the general rule and then we'll take a look at exceptions to the general rule. The general rule is if you are a sole proprietorship and you just start making money, you just start doing business and you start making money, you don't do anything else. The IRS of course thinks of themselves as your silent partner and they want you to file a Schedule C and give them some of your money. If you're a partnership and you just have two or more people that you just start doing business with and you don't have any agreement or anything like that which I don't recommend by the way if you are a partnership and you start making money, you want to say what is the agreement even if I don't care how well you know each other and whatnot. I would recommend set up the agreement who's doing what, who's putting in how many hours and what's going to be the revenue split. Do we all agree on that? Write it down because at some point in the future there's going to be confusion, miscommunication and when that happens it's not good for the partnership. So I would say you'd want to write down the articles and whatnot but if you didn't then in theory the IRS would of course just assume you to be a partnership which is easy to set up in that case but it's a little bit more confusing to do the taxes because you can't just put a Schedule C return in place because that would be one attachment to one return but in that case you would be a partnership. So you'd have to basically have a partnership return that you would have to create that would then have the net income that flows through to the individual partners so it would be a flow through entity is what we call it so we can calculate the net income but not be taxed on the partnership level it would then flow through to the individual partners with a K-1 form and then taxed on the individual partners tax returns and so on and it could still have self-employment tax implications and so on at that point in time. So then you've got the question well what if like it's a married couple like you just got a married couple that's doing businesses now you've got two people that are basically a partnership but it seems like kind of a pain it's a lot more of a pain to do a partnership return and then a flow-through kind of thing because you're gonna have to pay for the partnership return which is gonna cost more and the K-1s and the flow-through and so on and if it was just a partnership between spouses you would think well we are already kind of treating them as one entity for taxes because they're filing married filing joint so you would think the easiest thing to do would be say can't I just file a schedule C in that instance instead of a partnership return. So we'll start off with the general rule which is basically no and then we'll get into kind of the exceptions to that rule also just realize there's another caveat to just kind of think about that you might say well why why wouldn't I be able to do that given the fact that if I had a partnership return then the K-1s would flow through to my individual return which would be my married filing joint return and I would be reporting it you know in married filing joint anyways. The other thing you got to kind of consider is the self-employment tax that's going to be involved because even though you're going to be paying the same amount of self-employment tax it becomes important to determine which who's getting allocated the self-employment tax which which spouse is being allocated the payment of the self-employment tax because in total you're going to pay the same amount but it'll have a it'll have an impact in terms of who got the credit for the self-employment tax when you get to the distributions of self-employment at the point of retirement so that becomes important for for retirement kind of planning you got to think about okay how can we maximize the distributions of the self-employment tax and that calculation is based on how much money somebody put in and so that that means that you got to make sure that you're thinking about who's going to get the allocation of the self-employment tax which spouse okay so in general this is the general rule then we'll look at exceptions if you and your spouse jointly own and operate an unincorporated business and share in the profits and losses you are a partnership in you are partners in a partnership whether or not you have a formal partnership agreement that's kind of like the general rule that you if two people are just making money then you're basically a partnership they're saying the general rules the same thing even for the spouses here do not use the schedule see so I'm not in that instance you'd see you can't just attach the schedule see if that was the case that we're going to be working under instead you'd file the form 1065 which is the US return for partnership income and then you can look at for more information for that that that form on publication 541 but in essence it would be a flow-through entity form reporting but not actually paying taxes on it in general although the state could try to try to tax you on it in some way or charge you a fee quote but and then it would flow through into your tax return and then you pay the taxes there but now we have the exceptions exception we have the community income exception if you and your spouse wholly owned and incorporated business as community property under the community property laws of a state foreign country or US possession you can treat the business either as a sole proprietorship or a partnership so states with community property laws that includes Arizona California Idaho Louisiana Nevada New Mexico Texas Washington and Wisconsin so if you're in those states and you have a partnership that is the two spouses you might then fall into this exception of the community property income and those states so if you're outside of those states then you're not going to possibly fall into the same exception because this community property law stuff is coming down to the state law and so and again those states that have the states with community property include Arizona California Idaho Louisiana Nevada New Mexico Texas Washington and Wisconsin so a change in your reporting position will be treated as conversion of the entity so let's let's read that exception one more time if you and your spouse wholly owned and unincorporated business as community property so you wholly own it community property under the community property laws of a state foreign province of the US possession you can treat the business as either as a sole proprietorship or partnership and so in that instance it might be easier you know to treat it as a sole proprietorship because it's going to cost you less to do the tax returns and so on be easier to fill out one one schedule C as opposed to the flow through kind of thing so we have another exception we have the qualified joint venture qualified joint venture exception if you and your spouse each mutually materially participate as the only members of a jointly owned and operated business and you file a joint return for the tax year you can make a joint election to be treated as a qualified joint venture instead of a partnership for the tax year so now we got a qualified joint venture making this election will allow you to avoid the complexity of form 1065 the partnership return but still give each spouse credit for Social Security and this again big this is a big factor it might not seem like a big factor when you're just looking at your income taxes but it has a big impact on or can have a big impact on the benefits so you want you want to be thinking about how can how can it seems kind of because it's like a safety net program it seems kind of like game in the system when you're talking about trying to get benefits from some it can but again we're not really sure these days in the U.S. whether the Social Security is a safety net program or like a retirement program it's kind of in between so you want to kind of maximize your benefits from the Social Security and the way to do that is to try to figure out between the two spouses who should you know who's going to have the out you want to fairly allocate the payments because it's going to have an impact on the on the Social Security payments that are going to go out in the beneficiary time period unless Social Security completely collapses which it's destined to do at some point unless something changes but it'll stumble on for at least a while longer give me at least like 40 more years you can hang in there but still I give each spouse credit for Social Security earnings on which retirement benefits are based so for an exception of quote material participation in quote see the instructions for schedule C line G so only businesses that are owned and operated by spouses as co-owners and not in the name of a state law entity and not in the name of a state law entity qualify for the election thus a business owned and operated by spouses through an LLC does not qualify for the election of a qualified joint venture so in other words you might say okay now can I set it up as a as an LLC because we saw an exception for the LLC is an attempt to get the liability protection but if you're only a single member LLC you could try to file as a single member LLC and still have possibly the ease of filing a schedule C but if you're an LLC and your partnership now then you know this exception doesn't really apply so now you got a not a single member LLC in that instance you might have like a multiple member LLC which in that case you'd have to then once again file most likely a different another return and deal with the flow through kind of stuff there's arguments in terms of how big how how impactful the corporate shield is the liability protection is for a single member LLC as well so you know there's questions about that there's constant debates on on that so so usually when you try to get the liability protection and step it up that usually ends up making you forcing you to file a different entity a flow through entity or something which of course adds complexity with setting up the LLC and setting up the or the S corporation and then doing the taxes each year and again it's it's more difficult to deconstruct and just realize that of course if you're dealing with someone that sets up LLCs and S corporations and whatnot they're going to be really into setting up LLCs and S corporate because that's what they do so you want to get you want to make sure when you're thinking about these different types of entities that you're getting a third party opinion about them as to the pros and cons of of them continuing on with the exception qualified joint venture to make this election you must divide all items of income gained loss deduction and credit attributable to the business between you and your spouse in accordance with your respective interest in the venture each of you must file a separate schedule C and a separate schedule S E so notice you're still basically on the same return here but you've got two schedule C's that are being refined being filed in this instance and you can see how that would be a little bit easier to do with the software and calculate the the the self-employment tax so it's a little bit possibly easier once again than having a separate return but it's it's not quite as easy as having like one schedule C so now you've got the two schedule C's that are being reported and that of course helps you to file and allocate the self-employment tax to the spouses appropriately so for more information see qualified venture qualified joint ventures and the instructions for schedule S E


Hello and welcome to the session. In this session we will discuss the following question which says, solve for x log of 3 equals x to the base 3 plus log of 8 minus x to the base 3 minus log of 9 plus 9 minus 8 to the base 3 is equal to 2 minus log 9 to the base 3. Before moving on to the solution, let's discuss some laws of logarithms to be used in the solution. First we have log of x1 x2 to the base a is equal to log x1 to the base a plus log x2 to the base a. Then next law is log of x1 upon x2 to the base a is equal to log x1 to the base a minus log x2 to the base a. Then next law is log of x1 to the power n to the base a is equal to n into log x1 to the base a. log that a is a positive number and this a is not equal to 1 then x1 and x2 are also positive numbers and this n is n real number that is n belongs to r. This is the key idea that we use for this question. Let's proceed with the solution now. We are given that log of x3 plus log of to the base 3 minus log of 9x minus 8 to the base 3 is equal to log 9 to the base further log of to the base 3 plus log of to the base 3 minus log of 9x minus 8 to the base 3 is equal to 2 minus log of 3 square to the base. Using this law that is log of x1 x2 to the base a is equal to log x1 to the base a plus log x2 to the base a. These two terms log of to the base 3 is equal to we would use this law that is log of x1 to the power n to the base a is equal to n into log x1 we would get 2 into log n for the left hand side that is these two terms. We will use the law log of x1 upon x2 to the base a is equal to log x1 to the base a minus log x2 to the base a. This gives us log of and this whole upon 9x minus to the base 3 is equal to log of a to the base a is equal to log of 1 so log of 3 to the base 3 would be 1 and so 2 into 1 is 2 so here we have 2 minus 2. This gives us log of the whole into 8 minus x and this whole upon 9x minus to the base 3 is equal to 0 and we here is log 1 so log of 1 into and this whole upon 9x minus 8 and this to the base 3 is equal to log 1 to the base 3. So this means that 3 plus x into and this whole upon 9x minus 8 is equal to 1. For further cross multiplying we get 3 plus x into 8 minus x is equal to 9x minus 8. By multiplying these two terms we get 3 into 8 is 24 minus 3x plus 8x minus x square is equal to 9x minus 8 minus x square plus 5x plus 24 minus 9x minus x square plus 32 is equal to 0. Now splitting the middle term of the quadratic equation we get x square minus 4x is 32 is equal to 0. We have x into x minus 4 the whole plus 8 into x minus 4 the whole is equal to 0 which is equal to that either x is equal to 4 or x is equal to minus 8. These two solutions are correct or not. So for we consider that is log of to the base 3 plus log of to the base 3 log of 9x minus 8 to the base 3 is equal to log 7 to the base 4 to the base 3. We get 28 is equal to 2 to the power 2 into log 28 is equal to 7. Using the laws of logarithms stated in the key idea and further again using the law we get 20 log 2 plus log 7 to the base 3 plus log 4 to the base 3 log 7 to the base. Now this is equal to log 7 to the base 3 plus log 4 to the base 3 minus that this term can be written as log of 2 square minus log 4 to the base 3 minus log 7 to the base 3. Now these terms cancel and so we get this is equal to 0 that is the other choice is equal to 0. Now we consider the RHS 2 minus log 9 to the base 3. This can be written as 2 minus log 3 square to the base 3 3 to the base 3 plus log of A to the base A is equal to 1. So 2 into 1 is 0. That is we have the RHS is also equal to 0. Thus is equal to the RHS we say we consider the other solution which is it's equal to minus we get log minus 5 to the base 3 plus log 16 to the base 3 log of minus 18 to the base 3. Therefore is equal to minus.


Aroha Consultative Forum ACF has called on the Northern Region to minimize its involvement in politics and focus more on industrialization and agriculture. Speaking at its National Executive Council meeting in Kaduna, the outgoing Chairman of the Forum, Chief Audubi, said the North must think out of the box and focus more on economic development. Look, the North produces sesame seed, ginger, soya beans, zobo, which they call hibiscus. Now the Libyans are asking for popo, Egyptians are asking for plantains. We are now the largest rice producer in Africa, mainly in the North. We did it. In 2018, we took Egypt, and Egypt is asking us to export rice to them now. We can do it, but we have to organize ourselves. Tea will come because the disunity is a function of the scramble for power. Political power has become too important, and people don't think there's anything else. Oghby lamented that agriculture was in serious problem with the influx of banditry kidnapping among other security challenges in the region. So today is very difficult for another businessman to access credit. You have to go all the way to Lagos. When you do the interest rate is impossible, so we are not experiencing industrial growth. If we don't have industrial growth, we can't create jobs. Even agriculture is in trouble because of this endless kidnapping and killing, which is troubling us. We have to get the North back to business, and politics is not a business. It has never on its own grown in its society. So these are the concerns we have. That's why I'm so happy about what I saw in Sokoto. We're going to go to Kano and do the same, and encourage you young people who replace us. We are getting old, we will die and go. If we are leaving nothing behind, it's unfair. An architect Gabriel Aducu takes over from Oghby as the new chairman of ARAWA Consultative Forum. Hello, hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.


Coming up on DTNS, Tinder will help you get background on your matches. The HomePod goes the way of the iPod Hi-Fi and the chip shortage keeps hitting automakers. This is the Daily Tech News from Monday, March 15th, 2021. From Studio Redwood, I'm Sarah Lane. In lovely Cleveland, Ohio, I'm Rich Strafilino. And I'm the show's producer, Roger Shane. Before the show, we were talking about libraries and how they differ, depending on where you might be, also gaming stores and painting figurines. You missed quite a conversation in our wider conversation that we have every day on our expanded show, Good Day Internet. If you'd like to join us, do so by becoming a member at patreon.com slash DTNS. Let's start with a few tech things you should know. U.S. District Judge Rudolph Contreras issued an initial injunction halting a forthcoming U.S. investment ban on Xiaomi, agreeing with the Xiaomi lawsuit that it deprived the company of due process. The investment ban comes from an executive order signed back in November, which bars American investment in firms with ties to the Chinese military, with the U.S. Department of Defense putting Xiaomi on that list, and the ban is set to go into effect next week. GM subsidiary Cruz acquired the self-driving startup Voyage, which currently operates a fleet of low-speed autonomous vehicles providing trips to residents of several retirement communities. Voyage was spun off from the online education platform, Udacity, in 2017. Udacity. Facebook integrated new features into its coronavirus information hub, now displaying vaccine sites from vaccine finder with links to book appointments. These hubs are available on Facebook and also Instagram, with Facebook partnering with health authorities to use WhatsApp to send notifications to get people registered for vaccines. U.S. District Judge Lucy Co. ruled that Google must face a class-action lawsuit that claims Google collects data on users in Chrome, even when in incognito mode. The lawsuit was originally brought in June 2020 and seeks at least $5 billion in damages. This morning, Oscar nominations came in. Apple TV Plus received its first two noms, with Wolf Makers nominated for Best Animated Feature, Wolf Walkers rather, and Greyhound nominated for Best Sound. Although Apple TV Plus still has some catching up to do, Netflix led all streaming services with 35 nominations, including 10 for David Fincher's Mank and 6 for the Trial of Chicago 7. Amazon received 12 of its own nominations. All right, Rich, we're going to talk about online dating. You ready? I am more than ready, because as part of an investment in the nonprofit background check company Garbo Match Group, who operates a whole range of dating apps, will integrate the ability to run background checks on potential matches using a last name and a phone number. The feature will roll out first to Tinder and then later across matches other dating apps. Garbo collects public records and reports of violence or abuse, including arrests, convictions, restraining order, harassment, and other violent crimes, and eventually plans to support manually submitting police reports and other documents to their records as well. Notably, these background checks will not surface drug possession convictions or traffic violations as these offenses don't meaningfully predict gender-based violence according to Garbo. These checks will also be a paid feature for Match, although it's unclear if this will be through a microtransaction where you just pay for each background check or bundled in as one of Tinder's subscription tiers. Match also said it's not sharing users' data with Garbo. Rather, users will submit this information themselves. They'll just be an integration to kind of do so more easily through that interface, and then all the payment will be processed through Match in some way that we don't know yet. So obviously staying safe when you're doing some online dating kind of key here, Sarah, does this make sense? Is this something that's making more likely to use an app with this integration? Okay, so it makes a lot of sense and it also doesn't make a lot of sense, and that's because of the way that it's rolled out. I will preface my thoughts by saying I have actually been in a situation in the past where I met somebody on a dating app and I'll keep the details brief, but that person did have a record, and that record, and I also want to say, as you mentioned, not just traffic violations, drug possession violations, that sort of thing that is not included in this. It's whatever Garbo and Match Group and all of its subsidiary apps have decided are important for kind of match stuff. However, this particular situation that I'm talking about was something that I would have wanted to know about beforehand, and there was no way to know about beforehand because if anybody is used to being on a dating app, they know that there are, depending on which dating app you're using, for example Tinder, makes you sign up with a Facebook account so that it can hopefully grab your real name and your real age, although you can still, there are ways around it, but most of the time you meet somebody, look at a couple pictures, you might know their first name, don't know their last name, and you might know slightly a little bit about who they are, what they do for work or do for fun, that kind of thing, and you don't have much else to go on. And so if there is some danger, stranger danger going on in there, you want to know. At the same time, this gets a little bit tricky because as you mentioned Rich, if it's a paid feature, and it sounds like that's what Matches is deciding to do, there are lots of paid features on apps. You can jump to the front of the line if you're trying to get to know somebody that you've seen on an app, for example. There are lots of ways that you can pay to have a better experience, but to pay to know if somebody is a violent offender, that is something that I think is pretty tricky, and I would be surprised if there isn't a bit of backlash about that. Yeah, it strikes me as a little problematic to kind of paywall the idea of safety, like you were mentioning. The other thing is obviously when this rolls out, I imagine it's going to be incorporated into the culture of using that app pretty quickly to the point where I imagine last name phone number is going to be a fairly, you know, freak, like you're going to know if you're getting that information, how it's probably going to be used. I do wonder if other users will receive a notification if a background check is run on them. I'm interested in the implications of that. I do think putting that, like giving users access to this, but not serving as the middleman is the smart way for Match to handle, like in terms of a privacy kind of policy. I don't think they want to get necessarily in that business. I think it's notable that they're also partnering with a non-profit. I think that kind of, I don't know, makes people feel like, I don't know if they're maybe more trustworthy. I haven't looked really specifically into how Garbo is operating. It's the first time I've really heard of them, but this is not like a profit-seeking company that's like trying to churn out, I guess, all of these background checks. I also see, though, if your intent is to do harm and to do violence, I imagine it's fairly simple if you really wanted to provide a false last name that matches to a phone number that has a clean record also. Like, it's a good start. Obviously, this isn't the final word on safety. I don't think Match is proposing it as this. More tools for safety are good, potentially problematic, though, I think. Yeah, and I think it's important for people to go like, gosh, online dating has really gotten horrible, isn't it? Like, who are all these felons that are going to hurt people who have restraining orders against them? Listen, I mean, it is no different than any other facet of life. I think that dating apps, especially in our time that we live in, have enjoyed some good and bad ebbs and flows of of user use because there is maybe a little bit more chatting online that happens with somebody that you haven't met yet because, hey, we're not going anywhere anyway, that type of thing. And then you get to a point where, yeah, you might, you might exchange some details, I might say.  That's not actually the case at all. It's more of, let's say that I met somebody and for some reason was like, I might want to pay just to kind of make sure there's nothing going on that I might want to know about that would prevent me from wanting to take it to the next step with somebody and give them a little bit more of my personal information. That's something that I would have to tell Garba I wanted it to do rather than match itself or any of match's products, which are Tinder, OkCupid, Hinge, I think is also a match group. They do them all. All right, moving on, Apple discontinued the original HomePod speaker. We heard about this on Friday. It was right after DTNS ended on Friday. In fact, originally it launched in February of 2018. At the time of its release, the smart speaker had a lot going for it. Included eight speakers, customized sound setting based on the room you were in, all very Apple-y things, offered tight integration with Apple Music and Siri, eventually updated to get AirPlay 2, multi-room support, multi-speaker support. Initial reviews praised the sound quality as among the best in the category. Now, Apple never disclosed how well that HomePod sold, but strategy analytics estimated back in 2018 by Q2, Apple had 70% of the premium smart speaker market. Now, 6% of the overall market, but 70% of the premium smart speaker market, which includes speakers made by Sonos and Bose, stuff that's above $200. The company now says it will focus on the $99 HomePod mini going forward, so the HomePod mini survives. Original HomePod, going out to pasture. At least the HomePod lasted longer than Apple's other ill-fated $350 speaker. Rich, you remember the iPod Hi-Fi? I do. It's a glorious design and complete lack of features other than plugging an iPod into it, marked it for a swift demise. I don't think we can think of the HomePod as a failure. Clearly, it obtains some market share. I just think that that's not where the market for smart speakers is going, this really high-priced area. I think ultimately, the problem that it had penetrating into that wider smart speaker market is it really built itself on sound quality. That was the thing Apple had spent supposedly years. I think it was like four or five years was a lot of the reporting that they were working on this and doing all this audio testing for it. I feel like audio quality is a tertiary consideration behind cost, convenience, integration with other services when it comes for people looking at a smart speaker. That was something that the HomePod kind of emphasized. It did very good at something, but ultimately wasn't a priority for people, especially when Apple still doesn't offer a Hi-Fi music service to kind of, if you're really an audio file, to take advantage of that. Yeah. Back in, I believe it was the holiday season of 2018, where we routinely on DTNS have our prediction show. My prediction that year, because it was the HomePod's first year, was Apple's going to discontinue the HomePod and just make Siri more available in other speakers that are already doing very well in this crowded market. I wasn't totally right. It took a few years and that's not exactly what Apple's doing. Obviously the HomePod mini at 99 bucks is that's more of that sweet spot. But you make a really good point, Rich, is, and I think about this all the time, I like good audio quality. I have two Sonos ones. I use them all the time. I certainly listen to music, but I also listen to a lot of non-music stuff. For example, you know, I listen to my morning podcasts when I'm trying to catch up on the news, when I'm just waking up in the morning, do I need the audio quality to be top notch? No, because it's all podcast stuff. It's whatever that particular creator even submitted in the first place. I don't have a whole lot of control over that kind of thing. And there's not, for the most part, besides music stings here and there, are you here on this particular show? It's not super music focused. So I feel like Apple is late to the game in a lot of product categories. Apple's known for this and Apple kind of goes like, huh, okay, here's the market we need to get into. Let's introduce something that's way more expensive, but what we think is better than the competition. Very successful doing that in lots of arenas. HomePod, little late to the game. All right, the ongoing global chip shortage continues to impact a wide range of industries. Sure, the latest NVIDIA and AMD graphics cards are nearly impossible to find in retail, but we're now seeing the automotive industry having to adjust production as a result as well. General Motors announced that as a result of the shortage, it won't include a fuel management module in 2021 light duty full size pickup trucks using GM's 5.3 liter Ecotech 3 V8 engine, resulting in worse fuel economy for the vehicles by one mile per gallon. A spokesperson said this degraded efficiency wouldn't have a major impact in GM's US corporate average fuel economy or CAFE numbers. GM also declined to comment if it would impact the overall volume of truck production, which would be interesting considering these are massive profit centers for all the automakers, all of these big trucks and SUVs. The last EPA numbers produced GM would have a fleet wide fuel economy of 22.8 miles per gallon in 2019, and obviously these larger vehicles kind of pull those numbers down already in general. Rival Ford has also seen an impact, saying it limited production of F-150 trucks and potentially digging profits by up to $2.5 billion. It's kind of a big deal on Ford's part to say that they are limiting production, and we also even heard kind of prepping for this story. Producer Amos said that this chip shortage has also impacted inventory on lots, seeing that there's like a six month lead time to kind of get something from the factory custom as a result of a lot of these shortages as opposed to just buying something that's on the lot. So obviously as these vehicles become more tech platforms, very tightly integrated with a number of, with the tons of computer systems and stuff like that, not surprising to see this impact, but to see pieces kind of being left out as a solution to that, surprised to see that, Sarah? No, I'm not surprised. We've been talking about chip shortages and how many markets it's affecting for months, many months now. What I wonder is, okay, let's say that I am in the market for a new GM truck, and I, I mean, maybe I don't realize it, but let's say I do realize, huh, all right, well, I'm going to have like one mile per gallon worse fuel economy, which is not the end of the world, but it does matter, right? It all adds up. Would that be something that the company might say, hey, we're going to give you a good deal on this truck. And in a couple years when everything kind of catches back up, we might be able to offer you some rebates or to figure out some firmware updates so that you are able to get the truck that you wanted in the first place because we want to sell you the truck right now. I just wonder, I wonder how, how much leeway we have on this, or is it just sort of SOL? What I also think is interesting is we saw a couple of years ago that it seemed like there was an increasing race for software on these. We saw a lot of these real-time operating systems either getting acquired or passed around or being seen more as assets when the chip supply was stable enough that they could kind of be counted on. Roger, I know you had some thoughts about kind of the overall importance of kind of this chip ecosystem for a lot of these major companies, any kind of suppliers really. So one of the, one of the, one of the things, takeaways from this is understand that auto manufacturing is one of the 10th bowl industries for any manufacturing economy. Even if manufacturing doesn't make up a good deal of a country's economy, in that manufacturing sector, automotive manufacturing is king. It's big in Germany, it's big in Japan, it's big in China, it's big in the US. And the fact that it's impacting the productions, production of those products means that now governments are going to take a closer look at what is deemed, what is termed semiconductor or digital sovereignty, the ability to create a supply line of semiconductors domestically in order to supply their own needs without having their entire production line put at risk because overseas supplies are somehow crimped either due to trade conflicts or manufacturing issues or what have you. And I think you're going to see, the EU just did a push to increase their production of chips domestically to 20% of global output by 2030 because it's deemed such a vital industry. And I think you can see a lot of other governments take a similar attack. Well, if you have any thoughts about chips, the automotive industry or all of them or anything in between, join in our conversation or Discord, which you can join by linking to a Patreon account at patreon.com slash DTNS. The information reports Amazon is expanding an existing program called FC Games, which encourages its fulfillment center employees to improve efficiency and compete against others for digital rewards such as virtual pets. FC Games includes six arcade style mini games that can be played once completing warehouse tasks. Amazon is reportedly increasing the program to warehouses in at least 20 states throughout the US. Amazon tells the information that the program is optional and is not clear about which digital rewards can be converted into real word currency or other goods. The Washington Post reported back in 2019 that some employees have used FC Games performance to procure company merchandise like t-shirts and water bottles and that at holiday times, warehouse employees have won pricier consumer electronics. You know, the kind of the background here that and the virtue did a really great job kind of, I'm sorry, the information did a really good job of breaking this down is that increasingly these warehouse employees are handing off more tasks to automation and their tasks are becoming much more kind of atomic and routine. Sarah, does this seem like a good way to kind of, I guess, keep things keep the synapses fresh for these employees? It might. I when I first read about FC Games, which stands for fulfillment center games, I was like, what? I mean, it seems a little like, okay, I work in a warehouse. I Amazon notoriously, you know, as people work in long hours, and it's it's it can be grueling work and somewhat monotonous, right? And I'm competing against my peers for virtual pets. Is this a great idea? Well, if it's something that brings me joy on the job, and this is my job, and this is where I work, I don't see this as inherently a terrible idea. And as Amazon tells the information, this is optional.  Like, I don't want to make it seem like that's what Amazon is doing, because it doesn't sound like that at all to me. However, knowing that it's a little bit of a gray area, how much, I don't know, let's say I'm always wanting to play the arcade style minigames. And Rich, you're my coworker and you don't. Well, I'm racking up some virtual goods. Yeah. At what point do those virtual goods become anything else besides goodwill towards me? Well, at the workplace, if never, then okay, it's optional, whatever. It might be fun, might not. Not everybody has to play the same games. If it does become something where, I don't know, I can say, I've got 200 points, now I want a TV type thing. Then I think it becomes a, it's a little bit more problematic because you can't expect all employees to want to do that or have the time. Where would cross the line for me is if during a performance evaluation, a manager goes, you know, Sarah, I noticed you only had two virtual pets. You know, Roger has 37. I'm just noticing that I've worked in, I have not worked in a warehouse job, so I cannot speak to that, but I have worked in like repetitive data entry jobs where there's not a lot of thought that has to go into what you need to do necessarily. It's, you know, it's a lot of procedural stuff. And I know I built in not virtual games, but different tasks to kind of break that up so that, you know, I just, my eyes wouldn't glaze over and I'd just kind of stop paying attention to stuff and end up making mistakes. I think Amazon is realizing that as these tasks become extremely simplified and you don't have, you don't have that kind of latitude of a person to be like, okay, I'm going to do this thing that just is a different activity to kind of move a different part of my brain. I do think there is value in giving employees an opportunity, like if I was in a data entry job and I had to, you know, have a Pac-Man, you know, eat up a dollar figure that a plug into a form or something that for two minutes, I guess that'd be okay. I also think there is like a little bit of a team building of being like, hey, our warehouse is the top in Ohio and, you know, we're top at this game and, you know, that's, you know, everybody play on there, you know, play for five minutes and we can, we can win that, you know, set of steak knives or something like that. I don't think that's inherently bad. Again, when it comes to the performance evaluation stuff, that's where I would, I would definitely raise some eyebrows at that point. Yeah, I'm with you on that. Well, at Volkswagen's Power Day event, the automaker announced not virtual pets, but it did announce a lot of other stuff, including rolling out a new unified prismatic cell battery design in 2023, which expects to roll out to 80% of electric vehicles by 2030. The company also hopes the new battery design can drive production costs below $100 per kilowatt hour, which it estimates would put electric vehicles at price parity with gas. VW also plans to have six battery cell production plants operating in Europe by 2030, starting with plants in Germany and Sweden with a planned production capacity for each plant of 240 gigawatt hours per year. VW also intends to have 18,000 public fast charging points across Europe. 17,000 in China by 2025 also plans to have 800 in the US by the end of 2021. So we're well behind, but hey, 800 is better than zero. Starting in 2022, vehicles built on VW's modular MEB electric vehicle platform will also support two-way charging. That lets vehicles serve as a battery to accept solar power and discharge that power to home networks when needed. And the company introduced an EV charger robot intended for fleet owners that is reportedly adorable. I don't know, Rich, a lot of stuff coming out of VW today. What struck a chord with you? What strikes me as it's a very targeted kind of announcement by Volkswagen to address all of the pain points that we have right now in the electric vehicle market. You know, this is some market that is rapidly, it's not mature, I don't think, but it's rapidly maturing. Prices definitely have come down the last five years very significantly. But still not at a price parity with the ask, okay, we got this new battery design that's supposedly going to offer more capacity, be cheaper to make, that's great. There is a major problem Tesla is dealing with this right now in terms of we need to be able to produce all of these. If we're going to replace everyone's coming up with very aggressive projections to say, we are going to replace substantial amounts of our fleets with electric vehicles, we need to be able to make batteries for these. Volkswagen obviously targeting that let's not have that be the bottleneck going forward, Tesla doing the exact same thing. And then the charging network, that is for a consumer, that's where the range anxiety comes in. They're partnering very smartly on a lot of these with BP, with utility providers, putting these on major highways, very smartly deploying these, at least when it comes to Europe, I don't know what the partnerships look like in China. I would love to hear more partnerships in the US, selfishly for me, but I mean, Sarah, what about this two-way charging? I know that kind of struck out for you.  Everyone knock on wood, hopefully it won't happen for the rest of the year. But when it does, I have many times been like, huh, well, shoot, my phone's about to run out of batteries. I got to sit in my car for a while and just charge my phone.  Well, I could drive around in my car, but it's my car. That is where the only power reserves are left. And if that could somehow feed into my home network in a way that makes sense and wouldn't necessarily require me to install solar panels on the top of my house, then as a renter, I wouldn't be able to do that anyway. That is really cool. What I think is really interesting with that MEB platform is it opens up this idea of electrification not just in your vehicle, but as an ecosystem for your whole home. And where I think Volkswagen has an opportunity there is they're opening up that platform. Ford is building a vehicle on it already. They're seeking partnerships with other startups to build off of that platform. Theoretically, this two-way charging, I don't know if that's a proprietary VW thing, but if they can expand that so that it's kind of a common thing with vehicles built on this platform, it opens up a much more utility for an electric vehicle in a really significant way that is exciting. Absolutely. All right. Let's check out the mailbag. Boy, NFTs. People love talking about NFTs. We got a couple of mailbags. First one comes from Keith, the geeky trucker on this very topic. Keith says, I'm 63, so I'm old. Now, Keith, no one thinks that you're old, but okay, your words, not mine. My take on NFTs says Keith is a baseball comparison. If you're at a game and a player hits a historic home run, that ball is no different than any other ball used in the game. The difference is the certificate or authenticity that proves that ball was the one hit. That's my understanding as NFT acts as the certificate, and I'm interested to know what you think about this or if I'm wrong. Keith, I think you're actually spot on. That's a great way to think about it. I think a lot of people are like, well, hold on a second. Digital goods, can't they be replicated easily? What does it mean to have one version of something versus another? And if there is a ledger and a history of what you own and why you own it and why it's special, when you bought it and who you are, then yeah, that's a really good comparison. We also got another great email from Tony weighing in on NFTs, and he says, I just got a brilliant idea to use NFTs for good use. Imagine a scientist discovering a new species or something like that. Take the first video of it ever, NFT it, and then use the money raised to find future research. Just my two NFT cents. I'm glad those cents are non-fungible, so thank you for sending those our way, Tony. That's what I think with a lot of cryptocurrency stuff is. It has a lot of really exciting potential, and I think we're just really starting to explore this with the whole NFT landscape and specifically around digital art. I think that's where we've seen a lot of the interest and investment, certainly. I think people are just going to get more creative with this in being able to say, hey, this is digital. Yes, I can hit Ctrl C, but this NFT makes it a unique thing, and that's exciting. It's definitely exciting. Yeah, very cool. And by the way, Tony used to work with me and Tom at Twitter, so hi, Tony. Good to know that you're listening to the show and have thoughts on NFT. I think this is a good one. It's a good one. If you have other ideas of anything that we talk about on any of our shows, we would like to hear it. Feedback at DailyTechNewShow.com is where to send that email. We also like to shout out patrons at our master and grandmaster levels. Today, they include Daniel Dorado, Craig Meyer, and Philip Lass. 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