In this section to the course, we'll be starting the major theme of non-linearity and self-organization within social systems. We'll use this video to give an outline to the overarching process of self-organization and then in future modules dig further into the different topics covered here. Self-organization is really a type of pattern formation, a means through which some form of order or coordination is developed. There are essentially just two basic methods through which social coordination and order can occur. Within linear systems it may be imposed in a top-down fashion from some centralized global authority, or within non-linear systems it may emerge from the interaction of the agents on the local level in a bottom-up fashion and this is what we call self-organization. As such, self-organization is a non-linear process of pattern formation. We will be defining more precisely what we mean by this term non-linearity in a coming module, but here we'll be using it to refer to distributed interactions. Self-organization is a product of these distributed local interactions. Within a linear system where there is a low level of connectivity and relatively few components interacting in a well-defined linear fashion, it is possible to control and coordinate that system through some centralized regulatory mechanism. We can use this centralized governance mechanism to impose or maintain order within the system. That is to say, by influencing or controlling the agent's choices towards a coordinated outcome, we can get some state of order within the system.  But this top-down form of regulation and control is only really possible within the linear systems. As we turn up the distributed connectivity, the number of components, and their capacity for autonomous decision-making, the system will become more and more difficult to coordinate from some centralized location. And it will become easier and easier for patterns to form on the local level through this high level of distributed interactions. Above some theoretical point where we have more non-linear distributed interactions than centrally routed connections, we're starting to get a significantly large enough space that is unregulated. It is in this unregulated space that has sufficient density of non-linear interactions that self-organization can take hold as a significant mechanism for coordination. Self-organization, in contrast to this linear top-down model, is a product of these local non-linear interactions. When I bump into my neighbor on my way out in the morning and say hi, this is an example of a local interaction. These local interactions are often spontaneous as in this example. I didn't plan to meet my neighbor, it just happened. And these local interactions are non-linear in the sense that they typically happen in a distributed fashion. I, myself, have chosen to say hi to my neighbor. I didn't have to go and ask someone for permission. This is a distributed peer-to-peer interaction. And these distributed local peer-to-peer interactions are very difficult to manage through a centralized model. A centralized regulatory model will always have to use some form of abstraction in order to manage the system. Because a centralized model means that very few people are trying to regulate very many. We can only do that by using abstraction. A president of a country with 1.3 billion people can't go around telling each one what to do. There has to be many layers of bureaucracy between them. And information has to flow in a linear fashion out from the center to the periphery. The further we go out, the more people we have and the more possible cross-links we can have between them. Each one of these peer-to-peer links is a possibility for a local pattern to form. So self-organization often happens out at the fringes where the chain of command is weak and there are many local interactions. As a side note, today we see self-organization becoming more of a mainstream form of social coordination because we're increasing these distributed non-linear interactions through information technology. Thus making it more difficult to manage these social systems through centralized methods and easier to get local self-organizing patterns of organization. Either way, we can call this state an unregulated environment and it is the conditions or grounds on which self-organization can take hold. Self-organization is then a form of distributed non-linear pattern formation. All patterns, forms of order or organization are going to involve some correlation between the states of the system's constituent elements. This is essentially what organization is. When there is no correlation, we have randomness, the absence of order. So we have randomness and order which is some form of correlation between the states. Like two people dancing together, a change in the state of one's motion will be correlated with that of a change in the other. Now the dancers on a fundamental level can really only do two different things. They can move together in the same direction which is a positive correlation or they can move in the opposite direction which is a negative correlation. A positive correlation means the two elements states are synchronized. They move together in the same direction. A negative correlation means they are desynchronized. They move in the opposite directions. This dance has what we call a symmetry to it. This idea of a symmetry is at the heart of modern mathematics. During the mid 1800s, we came to understand algebra on a deeper level in terms of symmetric transformations and invariance. We've since gone on to use this within fundamental physics to understand the basic workings of our universe in terms of these transformations because these symmetries and transformations apply to all forms of organization. As such, mathematics came to be understood by some as the study of patterns and that's what we're talking about with self-organization. Patterns of correlation between states that can be understood in terms of symmetries. In applying this to social systems then, we're talking about agents and thus we're talking about correlations between the choices of agents. We're asking, do they choose to do the same thing, opposing thing or is there no correlation between their choices. This is the very basics of what we're dealing with when we talk about self-organization within social systems. Self-organization is then a process that is going to change the correlation between agent states within the system. It is going to coordinate them and this is done through what are called feedback loops. Positive feedback loops have been identified as playing a central role within the process of self-organization. We'll be talking about feedback loops in a future video but a positive feedback loop is one that is self-reinforcing. More begets more. The more products a business sells, the more it can invest in its business. The more it can produce better, cheaper products meaning it will sell more which means it can reinvest more and so on. This is an example of a positive feedback loop. It is a non-linear process of change. Through it, the business can grow in an exponential fashion. Feedback loops are the mechanisms through which some small event which is often random in nature can get amplified into a new macro-level pattern of organization and this is at the heart of the whole process of self-organization. To give a quick illustration of this let's think about a beach of people sunbathing on their holidays. Now let's add some initial random event. We have someone with headphones on listening to their favorite piece of music and they get so excited that they jump up and start dancing around. What happens now depends on the state of the other agents around them. Typically these random events will get dampened down and die out. Everyone will look at the guy like he's weird. But by this person occupying this differentiated state we've already created a feedback loop. It is now much easier for anyone else with a propensity for dancing to jump up and join him and if they do we would now have some distinct pattern. Two people occupying the same state and although they are still a significant minority the positive feedback has got stronger. It is now even easier for the next person to join and with every new person that joins it becomes more attractive for anyone else to do likewise. As this positive feedback process of change continues we'll get to some point where there are more people dancing than not dancing. This has become what we call an attractor. You will now be considered more normal if you are dancing rather than not dancing. If we added a new agent to this system who just wanted to be normal and follow the course of least resistance then he or she would end up dancing. And thus through this process of change driven by positive feedback we now have an attractor. A default set of states within the system. This attractor is the pattern of organization. All these agents dancing has correlated their states in some way. As another example of an attractor we might think about the languages and cultures within different regions. Within any different region there will be a stronger attractor towards speaking the same language and adopting the same culture and behind the creation of these cultural attractors there was a positive feedback loop the same as with our people on the beach. But as we know there are many different languages and cultures in our world representing many different attractors because if the system is large enough this process of self-organization through positive feedback may take hold around a number of different components within the system at different locations and grow outwards from there until it reaches another pattern at which point we get a boundary condition like the national borders in Europe marking the limits to the different cultural attractors that have formed over a prolonged period of time. At this point where all the elements in the system are aligned within local level attractors positive feedback will die out and negative feedback will take hold as the different attractors balance each other out to create a semi-stable configuration. These different attractors then have to compete or cooperate in order to enable some form of global coordination. This type of interaction will largely be a product of how the attractors were created in the first place that is to say were these different local level attractors created out of exclusive or inclusive conditions. We can create social organizations by the individuals overcoming their differences to find common ground, common purpose and identity or we can create this organization by defining our differences and degrading others what is called outgroup derogation which is a form of negative externality. We are creating the pattern of organization by simply exporting the entropy outside of the system's boundary to some other system. For example, German Nazism created their sense of identity around the Aryan race through a systematic derogation of other outgroups including the Jews amongst others. This exporting of social entropy creates division and conflict between the different attractors. By the individual attractors exporting entropy this will create a state of disorder within the overall system. Any group that is dependent upon the exporting of entropy in order to define and maintain its internal state of order will not be able to integrate within the overall state space and conflict will be the primary type of interaction between the different patterns of organization. But of course this will not always be the case we can also get positive externalities the net result being emergence as the different local attractors overcome their differences and we get the emergence of some global pattern of organization. Emergence is a process whereby larger entities patterns and regularities arise through interactions among smaller or simpler entities that themselves do not exhibit such properties as such it is very much analogous to self-organization but subtly different. Emergence is also a distinctly nonlinear phenomena in that it cannot be derived from any one component within the system it is the product of many distributed interactions across the system. An example of this might be a wave at a football match this is an emergent self-organizing phenomena no one is coordinating it some small initial event takes hold and gets amplified into a large macro phenomena. People crossing a street is another example of pattern emergence through self-organization. We have dense distributed interactions as people going in either direction try to pass each other. Those who meet first have to coordinate their activities but once they do this will create an attractor for others to follow as we get the emergence of some macro level pattern distinct streams of people going in different directions. Nonlinear dynamics like the process of self-organization are unpredictable. In these nonlinear systems there is a breakdown of linear cause and effect. If I hit a ball with a bat and you ask me why the ball moved off in the direction it did I can say the cause of that phenomena was me hitting the ball with the bat. This is linear causality and through it I can predict the next time that I hit the ball with the bat it will again move off in the opposite direction. But this is not the case with nonlinear dynamical systems the effect of self-organization that is to say the output to the system is not a product of the input it is an emergent phenomena of the overall state to the system and the feedback loops over time. Almost all real world complex systems are going to have randomness, fluctuation and noise in them. Nothing is perfectly ordered but these small events typically do not affect the overall state of the organization. If we take a large enough society there will always be some people who are discontent with the current state of that sociopolitical system and thus trying to change it but they will typically not gain traction. Thousands or even millions of small events will take place without any effect because of the overall state of the system. But when all of the components come to be aligned within a similar configuration all the agents come to adopt a different perspective than some small event can gain traction and propagate through the whole system. For example we might think about some oppressive political regime. For every act of oppression from the ruler this may not have a direct consequence but it does create resentment among the people. This resentment builds up until we have a critical state all the people are synchronized in their discontent at this point some small random phenomena that may have happened many times before can now propagate through the system rapidly. The system has organized into a critical state and this critical state is systemic. It is distributed out across all the elements in the system and thus we can say that no one cause created the effect. It emerged out of the overall state of the system and the feedback loops that drove it over time. This type of nonlinear pattern formation is then unpredictable. There are many small fluctuations and it cannot be determined in advance which one will gain hold. Thus we cannot know where they will come from because the actual event emerges out of the state of the system and through the feedback loops but those feedback loops play out over time after the event has happened that is to say the outcome does not exist at inception. It is not determined by the initial cause but instead it is created along the way. The academic journal of democracy describes this phenomena as such regime transitions belong to that paradoxical class of events which are inevitable but not predictable. Other examples are bank runs currency inflations, strikes migrations, riots and revolutions. In retrospect such events are explainable even over determined. In prospect however their timing and characteristic are impossible to anticipate. Such events seem to come closer and closer but do not occur even when all the conditions are ripe until suddenly they do. In summary then we've been talking about self-organization as a nonlinear process of pattern formation that requires dense distributed peer-to-peer interactions within an unregulated environment in order to take hold. We discussed social organization as a form of correlation between agents choices. We talked about social organization as a form of correlation between agents choices. How randomness can be equated to lack of correlation whereas order may be understood in terms of symmetries. We talked about how positive feedback loops are the key engines behind self-organization as they can work to amplify some small event into a large systemic phenomena creating local attractors that then have to cooperate or compete to get global coordination. Finally we saw how the idea of linear cause and effect breaks down within these nonlinear dynamical systems. Phenomena emerge out of the distributed state of the system and the feedback loops that play out over time making events fundamentally unpredictable in nature.


Hello looks like it's just the two of us. Yes it is actually strange we're not sent to agenda items and you don't show up yet but let's wait for him. Oh he did say it's on and slack at least so yeah. Well for me his slack still shows what is away. No I meant like I just saw the message he sent yesterday. The meeting is still on today here. Hey there I was having issues with the password again. Let me know to see everyone. Might be better on there. Well I'm still waking up and let me pull out the meaning notes and start sharing on my screen. And Nikolai is here actually so I saw that his topic was here was on the agenda last time so probably you know bump it up at first. All right. Well it was not really a question it was just a discussion I just captured it what we discussed. But Nikolai if you want to determine and have additional questions welcome. No there's no questions this time no. It's fine I think that we get a good discussion exchanging of ideas and what's going on in various communities out there about this so yeah fine for now thanks. All right do you want like is there any topic you want to sorry is there any specific question you wanted to like talk about. I don't know if this is that directed to me but no no nothing specific we kind of did pretty big let's say extensive so you walked through various topics last time. Okay kind of stole the floor last time so okay I'm here to listen. No worries all right. I probably forgot to do the meeting interaction so hi everyone my name is Reneau today is on the 8th of December and this is the on container orchestrated Delice workgroup meeting on the agenda we have CDI next steps and we have CubeCon Europe are there people who would like to add any items to the agenda today so this might go faster than fine. So I added these two topics actually I wanted to figure out I think just generally what's our strategy to tackle I think CDI one of the objective I was hoping to get done by this year was trying to get an alpha version of CDI and maybe pond man or container D and wanted to figure out basically whether we should pursue trying to put NRI in both on and container D or if I think the path forward might be just a bare integration of CDI and pond man and trying to figure out how to integrate with NRI and container D so fortunately I'm not seeing Mike Brown in the attendees but I am seeing your Vashi in the attendees so maybe your Vashi if you have a an idea of what would be the process or what would be kind of steps that would help make a decision around NRI and pond man. Sorry I think I missed the first half of the question can you repeat that? Yeah so I think like the goal that we're trying to get to here is how can we get CDI in pond man and to me there's like at least the way that I'm looking at this is that there are two paths we could either try to do this bare CDI integration inside the base and I think like I had one example where it gets you an idea of what kind of changes you'd be looking at or the other alternative so this one would be there's like a package that's added that would be like imported from the different projects so it's kind of not what you'd be looking at but the package basically would expose something like a get spec for a specific device node let me actually walk through this property so this is something that I presented I think back in September or October the idea was to just get it given a rough idea of what would be the changes that would be required if we wanted to integrate CDI in a project like pond man so instead of playing with multiple repositories I just added a directory CDI at the root of pond man the goal here is not to add a directory CDI at the root of pond man but to load this directory from or this package from the CDI repository but it's a rough idea where it gives you a rough idea I mean this is basically an MVP right trying to like get to get to a demo as quickly as possible so I have this file here that exposes two big functions get specification and update specific one has device and update specification so get specification walks through all the runtimes in the runtime map and basically says this is the device and basically says I have this device where I do not have this device right and for this device if I have a device then this is the specification that you need to have has device basically says get spec it just says well is the specification different from now and then update spec for a given OCI config and for a given set of devices what are the changes that need to be made I mean update the specification sorry to make the changes to these to the OCI I'm sorry if I'm not making sense no yeah this all makes sense and I agree with the approach obviously all this would be in a separate CDI repo that podman you wonder in right and I think with podman it's pretty simple that you can just use a flag we can create a new flag and you can pass in the name of the device node or whatever we can use to recognize where to pick the CDI plugin from basically but I think the question comes like in terms of cryo and container D because those are talking to the kubelet over the CRI so we won't be creating flags there but like what is the plan like how will the user specify the device to be used in the pod spec like are we going to use an annotation or are we going to create a new field in the CRI API like have we discussed that before we discussed it but let's not go where I'm yet so regarding the flags the idea behind the initial idea was what we want to reuse the same flags so you already have right now minus minus device so the argument to that flag can be used in this library as a device argument and regarding the kubelet it's possible to do like several approaches so right now we have a device plugin mechanism which again also sends the device name so we can reuse that functionality for now until we get something better and something better it's a separate proposal which will be built on top of the CDI okay sorry can you repeat that uh which part uh the last sentence that you said something where is something better what i'm saying the creation went through my head and then like somehow got lost what i say it is what right now for kubernetes we are planning to use existing device plugin mechanism so the device name field will be expanded on the CDI level and there are some other ideas how to implement it a bit differently but what will be done well a bit later as a separate proposal yeah how do we plan to differentiate between like whatever the current existing device plugin uses and how to tell it that okay we want to use the CDI stuff instead oh well wait well first of all we don't need to distinguish we just need to pass the argument to the CDI and let's see if it if it knows it and second thing existing device plugins were sending were absolute pass to well as a device name so slash there's something and uh CDI devices we are expecting what it will be just like normal sling not actual device note so if if we really want to have some safety uh and distinguish rules when we can just check so if if device note on the host is present when we assume it's normal device if not when just uh let's check with CDI to see if if it's a guy device okay that makes sense yeah um yeah so i think in the same in very similar vein of what is interesting um today we have the ability with the device plugin to pass annotations um so that would be one way of enabling it at the cargo level or at the community level um in terms of um what it looks like in kubernetes i think this is an ai that we really need to be taking in terms of like making a presentation uh and starting something like a cap or at least a rough document uh that leads to a cap uh i don't know we we have uh we have a proposal for that and i should and actually we have even a proof of concept it's just stuck in our internal bureaucracy for uh releasing this proof of concept code externally so i really hope would uh add the nuclear solve it and i can show it do you want to take the eye to present it maybe on the next meeting which is definitely not going to be the 22 that's 22nd but probably going to be the fifth uh so it will be when january right yeah sorry january which one january january fifth if actually like should we move it one more week and put january 12th because i'm kind of suspecting everyone's still going to be coming back from holidays and cashing up on the fifth yeah my my day my day at least like in finland six of its public holidays so yeah so let's let's move the next gen 12th well let's target on wet and they hope we will solve our bureaucracy items before what um and then i think one last answer to you your vashi is that in my mind this is something that is very similar to what alex is saying um what happens is that the cuba is just passing a name in the device uh in the device i mean basically it's still passing a device in the cry api um we don't change the cry api um this here are apis right um we we really just pass a device and the name of the device is like instead of being dev uh sda1 or dev nvidia0 um it's um nvidia0 or nvidia gpu1 right it's it's a it's saying it's not a it's not a path it's a name and that would be what like you would name on your on in your cgi file right well no not uh not not file but well sorry i i give is i a written cgi spec yes so in your cgi spec when you define these devices you'd say and so maybe that name that you're passing down is vendor.com such devices such device equals my device yeah okay yeah that makes sense i think um if we can get that pr that you showed like the cgi stuff set up then we can even in podman and like cry i guess we can create a sort of work in progress pr or something using that and getting that working yeah i don't know and i i agree actually with that approach so let's let's do first like minimal pr to like cryo container d and podman and see what kind of feedback we get and as soon as nri will progress to below what we can use when we will switch it to nri yeah i think that promo promo moving is easier yeah i mean especially if it's behind like a feature flag or something yeah so i can clean up my pr i think uh with regards to nri um there's discussion in progress i think i'm thinking of just making a pr that to cgi to nri to just integrate cgi but not do anything basically just be able to read the spec the cgi spec for my plugin and and and update it but not pass it up to cubits i think this is more something that Michael Crosby would be more familiar with and i'm less comfortable like getting in there i think he has more experience with that um so concretely the next steps sort of i don't get here uh uh basically for poman what we're saying is need to get a pr what we're saying i was talking about with nri like you mentioned something for nri i think my next step is basically going to be so you know how there's like container d changes and then there's nri changes and then there would be cgi changes that's kind of the three main repositories that we're talking about what i'm talking about is today there's no link between nri and cgi right um so what i'm suggesting is just make a pr that makes the link between nri and cgi so that nri plugins can talk cgi does that make sense i was actually thinking i was like wow are we around so cgi becomes a plugin uh to nri so it gets hooked to pre-create container and when get the spec we can modify spec but the problem with that approach is that um basically if cgi is an nri plugin that means that cgi needs to be doing these different operations to update the spec manually so for example uh invoking uh or changing the c-groups right uh why no no like uh was the same approach so like nri should call the cgi as a plugin saying like this is the container i want to create and password uh oci spec down yeah and as as a return it should be getting like we modified spec so oh yeah yeah so that's what i'm saying that's that's what i'm saying uh i think what i'm saying is that um the nri um subsystem that i know i repository should be invoked should be able to talk to plugins using the cdi protocol basically meaning that an nr the nri system should be able to invoke an nri plugin right and that plugin returns a cdi message uh no it's i'm talking about a bit different thing so i think we're saying the same thing yeah well i think i'm struggling finding the right words and the result is the same but the communication a bit different so i'm talking about a bit more generic approach so it will on an nri site it will be no hard coding or no assumptions about the cgi itself i'm just saying like on nri site it should be just a generic hook which says this is the container i'm going to create and any nri plugin can return when modification towards spec not the cgi specific but generic mechanism yeah i think i think we're saying something exactly the same thing it's just that i'm having i'm struggling finding the right words to speak if there are any differences we can probably figure it out in the in the br but i think yeah i'm i think i'll take you a step by step approach for continuity and nri um actually if if people want to start contributing like feel free to do so and prams me it might just focus on public yeah regarding we're contributing so as we discussed it earlier christian created well our comments about the nri in the nri repository so i think like the issue was like number two and i was like number three or something like that uh so if you yeah if you have time please please have a look because practically what uh what we summarize it and what issue it was exactly this like generic mechanism where we can uh well intercept like majority of the things um in nri yeah so this one yeah yeah i need to subscribe to it i'll log into the hub a bit yeah so please have a look on the nvc issue and if you have some comments please comment um i think he didn't see the issue unless you paint him yeah probably not at least haven't got any comments kibcon europe do we want to submit something especially considering two things we are less likely to get a spot given that we just presented a talk at kibcon us um the deadline is next monday and i don't think we've made significant progress that would kind of deserve a different topic um also that's a lot of work so uh if if they are to the spot moncrier and container d can be merged quick enough when what can be a part of the topic so like uh deep dive on how it's integrated to cryo podman and uh container d how cdi files are like look like and how how the common line uses look like so this kind of presentation can potentially work um i i wonder if this is something that we should present like are you from now it's may so we have about like five months is it i thought it was uh march it was may yeah i think it's in may may 4th to 7th okay do you want to take the lead on uh issuing a panel or alex i'm not i'm not sure what the panel will uh will be possible we can try or we can or we can try to ask it as a maintainer session i don't know like yeah like we're on time struck as a maintainer session okay um i think like do you want to do you want to be picked on this one and um try to figure out what's the best path for this feel free to reach out to all right people i think the only thing that i would like kind of suggest is to keep the group up to dates on the segment and see if we should let's um and everyone that's interested in participating feel free to reach out alexander so uh ronald i i don't know like so the normal cfp is for like normal track sessions but i think like all kind of like maintenance track like intro deep dives and so on i think we're following some our process for submissions so no we don't want to get a dedicated session uh we get to go through the normal the same track as everyone else i talked about this with um rickardo the who's the um the chair of sigran time and um that's just like where we work with we don't get a dedicated session because i i thought would well at least when i was more involved in the c cluster life cycle i remember what we were like with sub projects like uh pubescray and we had like separate maintenance track well anyway well fine yeah this this is definitely possible and i can see that because of the size of these projects and probably the fact that the community has evolved and i think we're we might not be there yet exactly well i i don't think we've got the same adoption as something like you've happened but yeah i mean feel free to reach out to rickardo by the way um he's on the cncf slack so and he's he's very approachable rickardo the last thing uh iran navel uh he's also you have his name also in the arabina sorry about that uh he is on the sigran time um his name is on the sigran time okay so uh so this session uh i can probably draft the next couple of days some small abstract for that uh yeah um who wants to be a cospeaker so i know i assume you are i don't i don't you don't why it's your open time i also i also feel that's not like it's not like as the shepherd of this community i feel like it's not my role to always be the person speaking about it i think it's a great opportunity for other people in the community to to to to have exposure and to participate okay so or washo what's what about you maybe you can talk with normal if he wants uh i mean i'm i'm down to talk but i'm also down to knock talk so i'm going to leave it up to you to decide well i mean my my idea for talk is something what like we have we have devices we have spec we we can show how the devices are defined when we have uh continued runtimes which actually consume it and for this second part i need somebody who is more familiar when he was with this topic so uh i don't know like somebody from container d or from cryo would be the best candidates all right i mean i'm fine with that maybe we can also ask mike brown like if he wants to do it as well so okay i'll i'll probably send in which so i'll draft where abstract let's see how it looks like and when i'll send it in our slot chat if it's a panel feel free to invite michael crossby absolutely yes and i can always help edit the video again if needed good cool uh i think that's the last one um thank you everyone for joining um and i think you're all getting back 25 minutes so have a great day or end of day for people in europe and i have no idea how that works out for other people in the world but i know that uh ag senator is in europe so that's why i'm here well christian anante is from our our company in st m's on finland too all right well everyone everyone thank you youtube bye all right thanks bye


Welcome back to our channel. My name is Andrea with Food and Mentory Adventures in Food and I am here today with a fill-in haul from Krober.  So I grabbed two bottles of Armin Hammer laundry soap with a digital coupon. These were $249 each so I got the clean burst and then I also got the free and clear for Harrison who is our seven-month-old baby. I needed some ibuprofen and Howard wanted some corn. These were six for two bucks but the corn did not look good at all. I only found four that looked halfway acceptable. I got two apple juices and these were $0.99 each with a digital coupon. They also had all three colors of grapes on sale for $0.97 a pound and Howard wanted some green grapes. I got some coleslaw for my egg roll in a bowl. I've been obsessed with those and we actually have what's for dinner videos that come out on Tuesday so if you're interested in seeing what we eat during the week definitely check those out. I needed a couple of graham cracker crust because even though I have still been shopping I'm still trying to use what I have. So the last graham cracker crust I picked up from Aldi and I did not like it at all. It wasn't sweet and I didn't care for it so I don't think I've ever tried Kroger graham but I'm hoping they taste better. So I needed two of those because I have some like pie mixes. No bake pie mixes in my pantry that I need to use up. Going back here Howard needed some milk and this was $0.99. The last time I went to Kroger I told you they didn't have the 16 ounce containers of sour cream so I had to buy the eight ounce. Well today they had the eight ounce I'm sorry the 16 ounce on sale for two I think it was 216-219 something like that but the eight ounces were on sale for a dollar and wouldn't you know they didn't have the eight ounces today which I would have stocked up on because it was a better deal so anyway I need some sour cream and then these were $1.49 each but I did not mean to get the dough sheet. I actually meant to get the crescent rolls but that's fine so I got that and then I just grabbed a big bag of the Frito scoops because I said I'm trying to use up stuff in my pantry. One of the things that I have a lot of are different dips and or mixes I should say dip mixes and that's why I bought sour cream so needed some scoops for the different dips and then they also had a digital coupon for Wonder Bread buns loafs and I'm sorry hotdog buns hamburger buns and just loafs of bread and I grabbed the very last bag of hotdog buns these were $1.49 and we're planning on grilling out. Last few times I have been to Kroger they have been out of these frozen bell peppers and onions chopped and so I found when the pandemic first started I wasn't able to get to the grocery store and get stuff that I needed so these came in really handy so I just wanted some more for the freezer because I think going into this fall season winter season I think things are gonna get pretty bad again so I'm just trying to stock up on things now. I got some flour tortillas this 10 pack of flour tortillas was a dollar and so were these chopped vegetables Kroger chopped vegetables were a dollar as well so I got some of these tortillas for Howard because he likes to make like breakfast tacos and burritos stuff like that so that's why I got those Harrison needed some baby food I'm planning on making his baby food but I'm still trying to figure out what he likes so I got him some green beans some apples I know he likes those I got him some sweet corn and green beans and sweet potatoes so I got him some of those and these were on sale for a dollar each and then if you bought 10 they were $7 so I got 10 of these jars of baby food for $7 I needed two cans of broth for a recipe that I'm going to be trying out beef broth I should say for a recipe and this can of crushed tomatoes is for that same recipe I went to the grocery store hungry and so I grabbed these two bars of peanut M&M candy bars and these things are really good the chocolate tastes a lot creamier than the traditional M&M's milk chocolate I mean it's just good and Howard who's not even a chocolate person really likes these bars so I got one for him and one for me because I didn't want to get one and share and they had their chicken on sale for 99 cents a pound so their drumsticks were on sale and their chicken thighs were on sale as well and I do have a food saver that my mom got me and I have not used it it's been in the closet but like I said I'm trying to stock up now so when I'm done recording this video I'm gonna get that food saver out of my closet and I'm gonna try to you know use it for this chicken keep it fresher and then I picked up some ribs these were a dollar 77 a pound we're gonna be grilling out here pretty soon so I got ribs and then I also got us some chicken wings and these were on sale for like $7.99 or something like that so Tyson was actually cheaper than Kroger's brand of the same wing section so I went ahead and got these and then the last thing that I picked up was pasta now we do have a lot of pasta but again like I said I'm just trying to stock up on stuff like this and so with the digital coupon I got these bags of pasta for 69 cents each so I got three feta cheese I got one texaroni and they're just shaped like a state of Texas we live here in Texas of course you know Texas is a very proud state so I got some texaroni and then I've never seen this before Italiano so it's a trio of different types of pasta in the same bag so it looks like like the shell pasta the penne and then the what is the other one the squiggly one I can't think of it right now but anyway so this is everything that I picked up from my Kroger haul and just wanted to share it with you guys I hope you liked it if you did please make sure to give us a thumbs up and if you have not joined our YouTube family I certainly hope you hope you'll do so thanks so much for watching and we'll see you guys next time


Pretty scary, right? Well, that's just exactly what happened with all of the stimulation With all the funds that are coming out everybody welcome digital asset news My name is Robin today. We're gonna go over just a couple of things about some concerning issues that I see happening Which would be how everybody wants to dismiss crypto and say that nobody needs So first of all, we'll talk about our institutions aren't interested in crypto something about JP Morgan I'll talk about don't forget the liars and And how Jim Kramer actually has a pretty good point and lastly Why I'm not too worried and We'll go over all that stuff. So first of all welcome. Thanks everybody for stopping by. I appreciate it It's it's amazing that we just how fast time flies, right? We just got over a Christmas and of course here. We are so let's jump into it and take a look at today's first story So today Interesting JP Morgan Crypto is a non-existent asset class for Morris large institutional investors and it's kind of odd how JP Morgan comes out and talks about these things, but you know, hey, here we are So this is a quick story from Bitcoin.com and just caught my attention because I think what's gonna happen Is we're gonna see more of these stories come out especially as the market continues to fall and I mean the bottom may have been in I'm not for sure, but I don't think it is especially with all the data that's coming out but If it keeps falling even even it goes up a little bit doesn't matter You're gonna see more stories like this JP Morgan asset management's head of institutional portfolio strategy Jared Grosz said this as an asset class crypto is effectively non-existent for most large institutional investors volatility is too high Lack of intrinsic return that you can point to makes it very challenging Most institutional investors probably are breathing a sigh of relief that they didn't jump into that market And are probably not going to be doing so anytime soon and Again, this is just one of those stories that comes out and makes you think well I mean from people outside of our bubble People would think to this and say wow JP Morgan says that but it's got to be true because you know They're a large institution and that's what it is However, if we peel back some layers and take a look who's really getting into it Investment giant state street for example said in September it sees on winning demand for crypto from institutional investors NASDAQ recently published a crypto unit called NASDAQ digital assets I gotta tell you if if NASDAQ was was going to put forth the money and the effort to bring people in It's probably because there's an opportunity there not because they want to throw money away, but it could be wrong Siding increased demand a survey released in November by a crypto exchange Coinbase showed that institutional investors increased their allocations During the crypto winter. I think it's important to note that of course Money is not made in in bull markets. We've taken a look at this numerous times You can dollar-cost average all you want to and in bull markets It's not gonna really do much for you unless you get in when things are extremely low like right now That's not an investment advice is just fact of what I'm doing. You can do whatever you want to But I think there's something to be said for that and then a study a study published by a financial giant Fidelity in October Show that 74 percent of institutional investors surveyed plan to invest Into digital assets and and this whole story just reminds me of like, you know, cuz we there's a there's a Conflict of what's being said here, you know on one side you got JP Morgan says No, no one's really gonna get in that and then on other side We've got the data that says that no institutions will get in of course retails here But of course all the tourists are gone and it does remind me it just reminded me of the things that are said publicly for the things that are done behind closed doors or or really just to just to Slide of hand and to redirect what people are looking at and approve my point There was this great little snippet here And this is when I had for another show Jerry Hall on and we were talking about Kevin O'Leary and How he came up against a squawk box and and he talked about how great crypto was and everything else They pretty much called him out on it. So just take a listen this real quick It's about a minute and a half and what kind of make you understand that even though people say publicly one thing They do things behind closed doors a hell of a lot differently. Just take a listen right here This is about a minute or so Time goes so quick. I just it seems like only yesterday. I was totally Arguing with you on on squawk box You went from Charlie Munger's view on Bitcoin to Michael Saylor's view on Bitcoin and I actually kid you about I said Who are you?  No, I was investing three and a half years earlier than that I changed my mind back at early 2018 when I saw the regulators and jurisdictions like Canada, Switzerland and Abu Dhabi Start to change their minds, but I'll tell you what really got me investing Joe Early 2018 right now Kevin could have gotten some dates wrong. I mean it happens. I forget things I forget where my keys are I forget the certain dates when I invest in the crypto I get you right, but early 2018 is when he's when he changes mine started to invest. However This is a nice little article from May 14th 2019. Mr.  Take a look at something like this Bitcoin is dead and we hear this all the time crypto is dead Bitcoin is dead. Here's a cumulative straight. Here's PNL. Just a markup.  And that's why It's so difficult to get through it because you keep getting bombarded with these things But that's just how it is which will lead me to my next point Jim Kramer Everybody seems to love to hate this guy, but he does make a good point here And I'll go over this article piece by piece So dream camera just as I see to do a big crypto sweep says I wouldn't touch crypto in a million years And I gotta tell you what he says here. He's right Sorry, he is So this is what we got Jim Kramer again, I would not touch crypto million years because I wouldn't trust the deposit bank What he's talking about here is essentialize exchanges and he's right. I don't trust those guys either I don't trust any of them anymore. I mean, how could we I mean, we're just so I was gullible It's just the truth. So when he says something like this, he is a hundred percent right I don't trust any centralized exchanges either. So good one on you Jim. You're right He says I'm just saying you are using a lot of blind faith And I like to have my money at JP Morgan and I check on money to see whether my balance is there It feels good, but I got to remind Jim that you can do that Publicly you can take a look on on your wallet, whether that be a Bitcoin wallet, Ethereum wallet Binance marching doesn't matter all your all your wallets. You can look up all the transactions and let's just pick one Like this is on ether scan that IO Yeah, let's try. Okay. I don't know who this is. This is not mine Just you know, but you can look a look and say, oh, I got how much tokens do I have in this one? Why this guy's got hex twenty four dollars worth. So look at Let's see. What else you got Alice era sleep alchemy four cents. Watch out baller, but you get but I mean They're at the OMG network. That's weird, but okay So, I mean you can look at this all day long on everybody that's out there as long as you know They're their wallet address you can take a look So I know when when Jim's like it makes me feel good because it's in JP Morgan I like is it really because remember if it's in JP Morgan, they're also doing fractional and reserve lending and you know Who knows if that's really in there. Hey, I'll tell Jim this Everybody who who is that JP Morgan then in the in a specific branch of a bank if you had a Not even not even a hundred percent fifty percent of people run up to the bank and go Give me all my money of like we'll come back next week because we don't have it because what we don't carry money here We don't carry that much anyhow. So when he talks about how it's there. I get what he's saying, but come on He says and he's writing this one try getting your money out He advised crypto investors adding that when he had money at a crypto firm It was a fight to give them money out a fight and he's right. It was that's what we have the rules underneath It's all gone. Don't invest more need for to lose everything's a scam. Don't leave any exchanges I think we've all learned that Ledger's coming out with this cool thing called stacks. I've got my ledger nano s and x's works out great Don't use leverage and take profits. So when Jim talks about he's right on that one on that one Here's where we differ. I Says I think that everybody who owns these various coins, you know Solana like coin.  Okay.  They shouldn't own them I don't see the point of this one real I mean on some of these I can see, you know, like I Mean if Jim would have said made the debate about Solana being the decentralized issue and whatever like, okay You got a point but in all these things It's it really just comes down to what is the utility? How big is the community? How how good the tokenomics? How big is the team? The thing we always talk about which is the cut? See you TT and then he says sec to do a big crypto sweep He says he says I think they need to do a sweep. They have to stop people creating money and In this one, I kind of do agree with them. I I Agree that that on some of these projects. They are Kind of worthless in all honesty as far as far as utility goes but I'm gonna take this one step further and I want to show you where I think things are going I think this was a Snip it that's Larry Fink. He's the CEO of Blackrock, you know Blackrock 10 trillion assets under management It's about 50 seconds. Take a listen. This I think this is where things are gonna go And I think really what it comes down to is just getting just meeting in the middle with regulators because they're not gonna give up Okay, they're gonna regulate the hell out of the centralized exchange is fine. I don't care I don't I don't own soccer knows. I don't care, but for the projects and things like that Here's where I think things are going so just take a listen to what he talks about here And then before I play it I want you to pay really close attention to see if he says crypto Or if he says blockchain very important take a listen here Nation of what crypto is it's supposed to be Distributed ledger that is across the system. I actually believe This technology is gonna be very important. I am I you know look at it We have been part of a huge revolution in investing through ETFs We believe that ETFs will be changing the whole way we invest I believe the next generation for markets the next generation for securities will be will be tokenization of securities We will and if we can have that distributed ledger that we know every beneficial owner every Beneficial seller we all have our our code of who's buying who's selling instantaneous settlement And think about it changes the whole ecosystem Yeah sure does so yeah, so just pay attention because like some people are gonna say and I hear you understand You know what Larry said there is like what was he talking about crypto? Is he talking about blockchain because he talks about this is some pretty good It's a pretty great stuff as far as technology and in all honesty So for this one if you take a look at it And you say to yourself well, which way is he going? You could do these things on a on a private blockchain, but here's the thing if you're BlackRock and you've got global clients and they've got a bank in Bangladesh or in the UK or in Ireland or in Romania or someplace like that and you're gonna trust their ledger with your ledger and go back and forth I think that's how it's gonna work I think if you're gonna tokenize securities and we talked about tokenize securities. He's talking about tokenizing stocks Stocks are securities. I think some cryptos are securities. I think there's an investment contract.  We know Bitcoin's not a security SEC can even even Gary Gens is gonna admit that says it's commodity great If you want to go forth and just go okay, everything else is security for first of all I don't know how you can say it because because the utility aspect, but that doesn't that doesn't matter right now If you just say, okay, it's a security fine Register it. Here's what it is. Pay or taxes move forward And that's it and we sec and we can put those we can tokenize stocks We can tokenize real estate. We can tokenize. I mean anything that you really think even commodities We could tokenize those and put those on the blockchain or Larry one solution and everybody moves forward so much Really, do we really need the crypto number? 584 out of 10,000 that are out there to really get going and I'll think that's that's how it is That's just how I see things Anyhow, let me just think about that in the comment section and I'll get People won't like that, but it's just how I think and lastly And I also disagree with this one with Mark Cuban. So Mark, he makes a point But there's some things that it can't get on board with here So Mark says Bitcoin's a good investment. Gold investors are dumb. First of all, gold investors are not them.   I gotta agree Gold is a store of value and so is Bitcoin It just one is extremely volatile and one seems to not do anything That's how it is when you own gold all you own is a digital transaction. You don't own the gold bar. That's not true You can all the gold bullion you can own the gold bar you can own that you can keep it there It's not I mean a lot of people don't do that, but you can and that's just the truth Until like think 1974 Somewhere around there.  No, it's not People are gonna steal your food. Come on.  And that's it So look that's it for today and my little rants that's going on Try to make this a little bit quicker and go from there But that's it if you got take off take off now I'm gonna do a Q&A answer all your questions best my abilities we go from there, but I gotta tell you I think this is It's the best time to make profits But it's the worst time mentally because you have to get through the slog and good luck with that anyhow Q&A Let's get to it. Let's see.  Yeah Name calling is not cool. It is not cool trust no one in 2023 to verify. Yeah, that's it Like rocks like right it inside black rocks a bell weather for where things are going I think it's gonna be a pretty good day when they come out and say this is it As far as crypto goes But yeah Kramer did go to college amazingly I Don't think anybody went to college to get stupid. No, but I think they went there to spend a lot of money That's for sure. Yes. Thank you, Bikki for all the links. I appreciate it Yeah, be real. Nobody has savings. I always got a good point. I saw Some data that came out that took a look at the amount of debts that's on The average Americans credit card it is skyrocketed skyrocketed and also Data that looks at the amount of savings that people actually have and during the pandemic When we were air dropping money like crazy We had a pretty good amount of savings and now that we're out of that time frame and people had a chance to spend things The actual savings accounts have been dwindling rapidly And then once that runs out people put things on credit cards and then when that runs out Then we go through Credit crunch foreclosures and you know the rest. So that's where I think we're going in 2023 I don't have much faith in 2023. You just really don't that's okay Like some people look at me like well, Rob, you you know, you're so down about about the market not really I mean trust me. There's other things to be down about it. It's not the market The market is the market and we just had to be realist about it This is the time to invest into things and you know, one's gonna want to hear this well some some may not come Want to hear this but you're You're a long ways off from from from really hitting all-time highs And so this is the time to think to yourself. What's my options? I Can sell everything and take massive losses.  It's not like I mean if you're here right now, you're not a tourist But at some point you're gonna lose a little faith.  I think if you're here right now, you're probably one of the one of the rare few that sticks around for the whole thing and That's it and then of course the next bull run that happens, you know Then of course the big question will be can you sell in time? And that's that's harder than I think that's one of the harder things to do than buying dips Yeah, it's a good question so isn't that what black black rock jay Morgan I've been doing developing their own private blockchain on top of certain products. Yeah, I don't really know so like You'll have Ethereum working with different different companies to make their own private blockchain. So I don't know not a developer exactly how that works, but As time goes on, you know, you have you have black you can have private blockchain within your organization and bring people on to it, but What's the point of that in a in a in a in a private ledger? I don't get it. So like that's the whole beauty of it. You have these ledgers, you know scattered about on You know hundreds or thousands or tens of thousands of different nodes and everybody can can take a look at it And they can verify it and they can be validated and they can go through that's that's where the power is the power is not just I we've got two ledgers one here and one at Pete's place and Me and Pete verify it. So you're good. That's not that if I think as time goes on people have to understand what blockchain technology is Then they'll kind of understand it Okay Rob, which does better 25 Tesla stock of Bitcoin probably Bitcoin. I feel more comfortable with Bitcoin honestly I have some Tesla stock I'm not big into stock, but stocks, but my own some a more bigger answer. Excuse me crypto and ah And real estate no, I didn't who's been Mackenzie. I don't know that person Your view on polka dot thinks I'm probably do pretty well depends on if they can keep developing and move forward It's all depends. It's just like it's just like regular businesses, you know, you can have a great idea And have a good, you know Foundation, but if you don't grow expand get a new customer base have real utility and actually make it out Then if you're not growing you're dying and that's just how business is so if polka dot can't you know bring in You know other huge businesses that want to build on top of it or want to actually use it and have real use case And real utility and distinguish themselves. They will die just like all the rest of them I'm rooting for them. No, I own some let's see As the worked what's the exchange you trust the most during these times or what do you look at when evaluating risk in exchange?  It's a good question. I forgot. Let's see There's this website I don't know if you've heard of it but it's band teaches crypto and it's free and There's this part That first of all, I'm just letting you know it's free to a point because everything's on there is an affiliate link So like when you click on Where are we? When you click on like the coin-based thing, that's an affiliate link, but they haven't really paid out any Fillets anyhow. It kind of sucks And then Kraken that it is an affiliate link and also coup coin affiliate link, but these are the ones I use but back to the question Rob You know Coinbase was established in July 2012 and Kraken it was July 2011. Can you believe that? Yeah, long time Long time Kraken Kraken. Oh, I gotta change that Jesse Powell's not the CEO anymore. There's Johnny Lou 2017 so yeah, it just depends on how long things have been around and I gotta tell you longevity kind of gets into me So like for me I just buy everything on Coinbase and I transfer it to my ledger very simple and the ones that can't go to my ledger like near I just put it into my my near wallet. That's it Dan you are not doing DC with James and many more No Rock you grow a big point center. I've already had one But I just I trimmed it down Ran ran not Dan now. Yeah, Rand's on the show now. Good. That's good. I just don't have Just too too toxic I Was I was tired of the I was tired of the Of the negativity on my show. So I just had to step away Yeah, I sin city. What's up gents? Where'd you guys go dang it? Where'd it go?  Check out their channel sin city crypto. I used to live there for two years Well, Henderson or hendertuckie is people in Las Vegas called Yeah, I think Rob hides all his gold bars in his mouth. You know where I own most of my gold in And I trust In my crypto IRA because they allow me to do crypto and gold and silver. Actually, I have gold and silver in there so Yes Exactly by home bug That's a good one. Let's see Partner there is Let me see here want it. Come on. There we go So big he says do you think crypto? Crypto suffers from the Gardner hype cycle. I think I'm a big believer in cycles Predominantly here and then you can see here Gardner hike So this is this peak of inflated expectations, this is every every all-time high And every all-time high Is the same thing happening over and over again every four years? so like in 2013 You know Bitcoin people just thought it was gonna be that that was it people are gonna You know FOMO in and and they did and that was it But of course, you know it dies down because people like wait wait who how many people use this not that many okay, cool, then of course in 2017 we thought it was gonna be the biggest thing ever and Then we started to realize wait who who's gonna use this and then of course this, you know CME had their and their futures contract Which allowed them to short the hell out of Bitcoin and then just everything just demolished And then of course here we are again in 2021 and we just got way ahead of ourselves and I Personally believe that one of the problems with with 2021 because it was it was just different than here and here There's no blow off top per se But there was a good one. Caitlyn Long was on Mark Moss's channel and she was talking about how the bull run was stolen this time basically because of of over leverage and rehypothecation and Just the demand for not real Crypto not real Bitcoin, but paper Bitcoin and it screwed everything up and that's and That was part of that was all these rehypothecation Centralized players and that's I think what screwed everything up now. We know our we know the lessons here And I think it's gonna be a better It's a better session. Hopefully in this next upcoming cycle, but we'll see So yes to to answer Bickey's question in a long grown-up matter It's always the same thing and you can see like doesn't this match every four-year cycle Like look at this It goes up little plop and down, right up Down and a little blub up Yeah, yeah Jesus crime to Christmas that looks exactly like it look at that So, yeah, and then the next one was a little bit screwy, but and you can see how we're going so good question, Bickey Let's see Do you think D5 will do them do well the next cycle? I don't know. I always thought that gaming would do better Gaming and NFTs not the goofy NFTs that we buy now. They're stupid but like the ones that like actually have like utility and like NFT for like your ID or NFT for like real estate or or tokenization of like assets like like Blackrock CEO was talking about so That's where I see more things going, you know real utility and actually does something Yeah, Jim Chow. I doubt Binance's point is buying Voyager Huh, how much that billion is BNB that we know is insolvent Financially, I'm playing old voyager asset very sufficient. I was cool when we've been next to the earnstake. I Don't know about Ku coin, but as I understood it and Jane and everybody can can correct me on this one I understand this was a cash deal. It wasn't they weren't putting up their BNB coin For Voyager, I don't think so because that would make no sense because if you think about it, that's what That's what FTX was doing They're gonna give FTT token to Voyager and everybody in the whole and that token is worthless But I mean that could be wrong That doesn't make any sense.  That was the deal Yeah, Aristotle say yeah past performance is never indication of future performance exactly so I tell my wife all the time So let's see Any good AI projects? No, but I mean There's some great websites. I should I should share these websites with everybody. They're pretty great like you can do like automations of Like script GPT and you can do things with like a pictory app.pictory.ai you can roll your your videos through and and spit out some really good texts. It's awesome A rational says a second half of 2023 everything rises. I hope you're right that'd be great What are your top 10 coins you pull from drip drops on Cardano Rob? I haven't pulled anything from there And I don't know how long are any of them worth anything that that I guess that'd be the big question I like what drip drops is doing. It's pretty cool You know when you when you stake with you know with like D news or something for your Cardano It actually give you some other tokens, which great Fetch it. Yeah, fetch AI Fan man. Hey Rob. Did you ever buy in the Cryptiverse? Yes. I bought four parcels of not much happened with them Don't expect them to anything happen for like three or four years Let's see CZ is obviously much fresher than SPF if you think so Whichever comes the bag Yeah, I mean it's hassle in the same boat. I want to get all my money back to you That's it also I'm gonna let you guys on a little secret I am going to do a giveaway and and Let's be honest. How many of us are in peak performance shape raise your hand? exactly nobody so New York's resolution is coming up, right? We want to get into shape in some way shape or form, right? so I You can do anything you want to but the easy way I found to get in shape is just to walk Just just start walking more and for that We're gonna use sweat coin because I am heavily biased because I own a bunch of it And the sweat coin app is free to download. Do you know that you can balance for free and What we're gonna do is the top 30 people right now? There's a leaderboard and there's only like 120 people in there So what I want you to do is we're gonna download the sweat coin app We're gonna start January 1st. We're gonna stop January is a 30 or 31 days in January. I forget and What we're gonna do is the top 30 people you guys are gonna win things and we've already got some some some good deals lined up first of all when it's gonna get An end of the cryptiverse Premium membership.  That's my big big spiel. That's all I got. I gotta go So everybody thanks for stopping by appreciate you if you liked today's video give it a thumbs up consider subscribing Maybe youtube will notify you maybe not it's a crapshoot. That's it for today. So thanks so much for stopping by appreciate you I'll see you guys in the next one. Have a great day. Adios