Wineburger. Can we see Wineburger Schultz, vegan? Can we see Wineburger Schultz, vegan? No. Jim, come on, just take it. Wineburger Schultz, vegan. Clark? Kelsey Clark. Casey? Bob, the President is in the hall just behind us, waiting for his cue to come on here in about 30 seconds. With him is the Secretary of State, Mr. Schultz, and the Secretary of Defense. We don't see Mr. Admiral Poindexter, a high administration official told CBS News earlier today that Poindexter had been fired. We expect the President to tell us why, and Attorney General Meese will provide the explanation that his... Ladies and gentlemen, the President of the United States. Last Friday, after becoming concerned whether my national security apparatus had provided me with a security or a complete factual record with respect to the implementation of my policy toward Iran, I directed the Attorney General to undertake a review of this matter over the weekend and report to me on Monday. And yesterday, Secretary Meese provided me and the White House Chief of Staff with a report on his preliminary findings. And this report led me to conclude that I was not fully informed on the nature of one of the activities undertaken in connection with this initiative. This action raises serious questions of propriety. I've just met with my national security advisors and congressional leaders to inform them of the actions that I'm taking today. Determination of the full details of this action will require further review and investigation by the Department of Justice. Looking to the future, I will appoint a special review board to conduct a comprehensive review of the role and procedures of the National Security Council staff in the conduct of foreign and national security policy. I anticipate receiving the reports from the Attorney General and the special review board at the earliest possible date. Upon the completion of these reports, I will share their findings and conclusions with the Congress and the American people. Although not directly involved, Vice Admiral John Poindexter has asked to be relieved of his assignment as Assistant to the President for National Security Affairs and to return to another assignment than Navy. Lieutenant Colonel Oliver North has been relieved of his duties on the National Security Council staff. I am deeply troubled that the implementation of a policy aimed at resolving a truly tragic situation in the Middle East has resulted in such controversy. As I've stated previously, I believe our policy goals toward Iran were well-founded. However, the information brought to my attention yesterday convinced me that in one aspect, implementation of that policy was seriously flawed. While I cannot reverse what has happened, I'm initiating steps, including those I've announced today, to assure that the implementation of all future foreign and national security policy initiatives will proceed only in accordance with my authorization. Over the past six years, we've realized many foreign policy goals. I believe we can yet achieve, and I intend to pursue, the objectives on which we all agree, a safer, more secure, and stable world. And now I'm going to ask Attorney General Meese to brief you. You still maintain it and make a mistake, Mr. President. Hold it. Did you make a mistake in sending arms to Tehran, sir? No, and I'm not taking any more questions and just a second, I'm going to ask Attorney General Meese to brief you on what we presently know of what he has found out. Is anyone else going to be let go, sir? Is anyone else going to be let go? No one was let go. They chose to go. What about Secretary... What about Secretary Schultz, sir? Can you give Secretary Schultz a vote of confidence if you feel that way? And I give you... Attorney General Meese. What about National Security? That's what I'm going to say, what it's all about. Why don't I tell you what is the situation, and then I'll take your questions. On Friday afternoon, or Friday at noon, the President asked me to look into and bring together the facts concerning particularly the implementation of the strategic initiative in Iran and, more precisely, anything pertaining to the transfer of arms. Over the weekend, this inquiry was conducted. This yesterday evening I reported to the President we continued our inquiry, and this morning the President directed that we make this information immediately available to the Congress and to the public through this medium this noon. Let me say that all... Oh, really? Yeah. Like that. Like that. Like that. Like that. Uh-huh. It's like a professional football player or something. Right now, my favorite story is about the state dinner in Iran. It was the end of the pressure on the top down. It was the end of the pressure on the top down. It's truly strange. I think... I think... I think... I think... I think... It's my style. I think... Very attractive. She was well-known then to the United Nations. I think... I couldn't look at it all at the time, so when it was over, I succeeded. I told Nancy what I was trying to do. She kissed her hand twice. Oh! She was running off so tension before. East and west. All the way up there. They were chatting. They were saying the same things, they were. What they hoped was that they could get a bright enough answer there. But then on the news, they could find a good bear slump. And Ed Meese in looking, the Justice Department, looking at everything to make sure that everything we did was legal, and when we're doing anything against Congress' laws, came across something that he told me about yesterday morning that he thought should be looked into. He had found out about it Friday, and then he pursued it. And yesterday afternoon, late afternoon, he told me that he had discovered that some of the shipments, the Israelis, had gotten the money to pay us. But they had kind of played middleman, and they'd raised the price to the Iranians. And the excess money, however, they weren't being quicker to themselves. The excess money over and above the price they gave us, we'd put on their weapons. They put in a Swiss bank account that is in the name of the leaders of the Contras. And that money was then forwarded to the Contras. Now all this was taking place before they paid money for us to do.


And we're live welcome everybody to DCA dollar-cost average as the show talks about Well again We've got the all-star lineup been into the Cryptoverse been think of showing up and James from invest answers gentlemen Thanks for coming on yet again Yes, so I know it's a bit slower. This is what we're going over everybody. First of all, thanks everybody for showing up There's five questions. We want to go over today. So the first thing is the TA TA battles What level of support needs to hold especially as the market has been just taken a a monstrous Cliff dive lately and what's the best worst-case scenario if we do break whatever it is that these gentlemen call second one I want to talk about how a drone Powell that reserve chairman has had some dovish Remarks at the press conference get the markets are bearish What the heck's going on especially with the GDP coming coming up and then the earnings report coming out and some of these companies actually pretty Well, but it still took a big dive La third we're talking about rut US and Russia announced regulation intentions and Does who wins here and does the crypto investor win? That's the big question and then next to last I want to talk about texts from friends I've been getting texts madly From friends and acquaintances asking me what they should do in this market So I don't give investment advice to anybody here on YouTube But I give investment advice somewhat to some of my friends So I'm just gonna ask you guys what you can do and then not lastly What turns the markets bullish? That's those are the five question and of course We've got then from into the are James from invest answers And we've got been into the crypto verse like we talked about there And there's a link in the description. You can find their channels right in that link. So let's get to it Shall we gents? Here's the first question. I'm gonna start with Ben because he's TA He's pretty good at that The question is what level of support needs to hold then I don't do TA. So I rely on you and your daily shows Like I mean as we've said for the last few weeks, right? So the bottom of course is anyone's guess The levels that need to hold, you know, where are we now? It was 50k then 40k And Now we're sitting at what 37,000, you know One of the things that I typically think of in downtrends is not what support needs to hold But what resistance can we do we need to take out? Because as long as the downtrend remains intact, it's generally safe to assume we will you know Just continue continue moving down. I think that The main the main levels to look at of course would be that the same levels We were back at the summer, you know, like the the 29k 30k We we not only were there in the summer. We were also there in in January of 2021 as well So that seems to be a a pretty big area in terms of in terms of Like the kind of the flip of that question like the resistance that we need to take out before we the downtrend Head back the other way some of the main I think some of the main levels are clearly that that level we just dropped from right like the 40 to 42k level And you have the 46k then the 53k and then the 60k and then yes, I mean it goes all the way up So there certainly is a mountain to climb ahead of us I think what I normally do and in downtrends like this is I I personally think it's foolish to call the bottom because We know what happens, right? Like if you're trying to call the bottom it every single week We can easily be proven wrong the next week if we get another sell-off and a lot of it I think depends on on what you know the stocks are you know stocks are doing if we're seeing the NASDAQ sell-off week after week How can we expect crypto to hold up? So Yeah, I would generally say I mean look the 29 to 30k is certainly an area. We would like to hold But I don't really I also wouldn't consider that the worst-case scenario I feel like worst-case scenario is obviously we could we could go below those levels So look right now I'm more so focused on on can we change the downtrend and take out some of the resistance levels And then we're actually putting up a fight until then it's it's really hard to call the bottom Well, that is the honest answer. I appreciate that because Let's be honest everybody out there in crypto land YouTube world We're gonna see a lot of people go, you know what this is the bottom and all of a sudden the bottom gets broken Okay, now this is the bottom. Okay, that wasn't right now. This is the bottom So just hold on because it's nobody knows and always across the ball James How you yeah? So Adding on to what Ben Ben just said. I think we need to look at not necessarily TA But we need to look at kind of I always say follow the money look at the money flow Look at the under or oversupply of coins And there's a couple of things that are happening one We've seen about a billion dollars of selling pressure every day for the last month It's not it's not too dissimilar to what we saw in September, but it is different in December and January we kind of Sold off in December and sold off hard again in January It's like we collapsed through what I call the steps the support levels now Taking that into account We're getting to the stage where you see that the sellers are beginning to hopefully capitulate But what I'm more concerned about right now is some of the miners have begun to sell because they are in a arms race to get mining equipment and we're running out of semiconductors for mining equipment So it's like I know bitcoins going higher But I need those rigs like clean sparks mining 10 Bitcoin a day with 2x a hash If I can add if I can add another x a hash I can send the 5 Bitcoin a day and a Bitcoin goes to 100k It's a lot of money. So this is what they're they're they're doubling with right now So I'm worried about that selling pressure. I'm worried about the low volume That being said when you look at the TA Anytime we got close to 33k the volume spiked the green buyers were in and that was very very clear to see Which is good So I think we just need more volume. We need the sellers to capitulate. We're real close If we look at the time frames for this capitulation window to happen It's always 55 to 60 days and we have what? Using that same box we're close to the end Okay, so that's what I see now a final thought You know 33k is it seems to be a very solid floor But with a big sell-off a big cascading set of losses We could wick down to 29k where we were in the summertime last year But that would very quickly be bought up. So I see 33k is a good time slot But again for everybody out there in the audience just zoom out think long term Don't let this short term action over four weeks six weeks eight weeks put you off There's so much talk of eight years from now for a bitcoins going to be Also think of the network effect that has not slowed down We're going to go from hundred fifty to two hundred fifty million users this year to at least seven hundred fifty to a billion crypto users It's coming and you cannot deny the network effects That will have an impact on price and that will bring in a lot more buying pressure Which will far overcome the selling pressure. So that's the way I see the world right now That's pretty good way to say no that was a great one. I mean both you guys It was a great great analogy or to take a look at what's going on I mean even I mean look even Russia and America are coming coming together go You know what? This is moving so fast. We have to regulate it. We'll talk to that in a little bit So let's move on to our second one The question is and this is what got me We're all expecting Jerome Powell to come out the Federal Reserve Chair and just to really lambast and Just say look, we're going to start to you know add on these points We're going to start to really start to taper and make things come down I know James you were like no, he's not going to do it And he's certainly not going to do it three four five six seven times But he did come out and really just said hey looks like we're going to push everything to march for the next Federal Reserve meeting So I'll just go back. I'm going to go back to James again James. What happened here because Jerome Powell's dovish it would seem like the markets would be like, okay. That's cool. That's great But it was the exact opposite everything turns bearish even so Ernie's reports came up and they were still solid Okay.  They hate inflation. They hate unemployment.  So what jp did Jerome pop Can you hear me? Okay.  We have right now We are in limbo and that's why I'm kind of going to be very cautious You know, if things got completely oversold you see many many top names completely oversold over The most amazing earnings news ever And that's just a reflection of the market because the market doesn't know which way it's going Especially with high frequency traders that are in there just for a quick win But again, if you have a long-term time horizon, this is a great opportunity to again stack more sats one of the mistakes I made During summer june 22nd was not buying more bitcoin. Yes, it fell to 29k I bought some but I was thinking I remember shooting to whatever 68 twice after that. I was like, oh should I got more but now is another opportunity that we have So again markets hate uncertainty And Jerome Powell is a political player. He works for the boss the president of the united states And he doesn't want any boats being rocked ahead of the midterm elections Which are 260 days out that goes out to the whatever was 8th of november 2022 and that's that's the world we live in right now. So limbo choppy waters for the next eight weeks Gotcha. I gotta do something ben. What do you think? I mean adding on to that If you think Jerome would have came out and just said, okay, let's we're gonna raise rates by You know a quarter Half somewhere on there. Do you think it would have been better? Or do you think like this is just what james talks about uncertainty is awful for the markets I think it's all about uncertainty. Um, you know when I first when I first listened to it He didn't really say much of anything to be completely honest, right? If you think about it like he didn't say much of what we didn't already know But he didn't give a clear direction on on exactly what was going to happen And he just kept going back to this idea. Well, we haven't really talked about that yet Like we'll talk about it at the next meeting, right? And now you have all these big banks coming out some of them are saying that they're expecting Six or seven interest rate hikes this year. I think there's a lot of uncertainty in you know, Is it gonna be four interest rate hikes? Is it gonna be three? Is it gonna be six? I you know, there's There there's some level where I think the stock market is is pricing in the probability of the fed completely screwing up and You know potentially sending us into into a research. I'm not saying we're heading that direction but there's always these probabilities of people are sort of like weighing things in And because there's that uncertainty and we still don't know exactly what's going to happen I think you're seeing the markets, you know, sort of react to that Um, yeah, I think it'll be it'd be nice if by March they give us a more clear direction on on what they're going to do Uh, rather than leaving us in the dark because uh, I mean as james said, right? It's all about uncertainty markets. Absolutely hate it if and and by the way I mean all these things should theoretically be priced in like once you know what's going to happen It is basically priced in immediately The problem is we don't know what's going to happen. I think I think investors are now pricing in five interest rates if I'm not mistaken last time I looked But yeah, I think it all comes back down to to uncertainty and and Hoping that essentially that the fed doesn't Doesn't tighten too much because you don't you know, you don't really want to see a repeat of Of some of the major, you know, some of the major pullbacks we've had in the past You'd like for them to hopefully learn from their mistakes and and and keep things afloat Yeah, let's hope so, you know what that will be I'll do a follow-up question real quick So when you talked about that you said It's already priced in I keep from that same that same tone as well from not just you but a bunch of different analysts So real quick ben and james lost ben first Is this priced in because I see a lot of things moving a little bit sideways a little bit choppy and not going in one direction One way the other drastically so already priced in for three four hike rates, or do you think we can go down further? I mean, I think a lot of that's already priced in I just I think a lot of the uncertain like the the major sell-off recently Look at tech stocks. They've just gotten hammered one day after another Uh, and if you overlay the nasdaq with crypto It's I mean, they're not always correlated, but over the last three months They've been incredibly correlated. Note that every time crypto has gone through a a peak or massive peak It's always when the nasdaq's turning higher. So it's going back to crypto We want to we want to make sure the nasdaq's doing well before we can really expect crypto to do To do a whole lot. So yeah, I think that I think that the market is is pricing in several interest rate hikes I also think they're pricing in, you know, the probability of of the fed You know going too far, you know like doing more than they need to do So, you know if later this year if if if let's say the fed doesn't overstep and they they keep things within reason Then then that could lead to a a quicker recovery But right now I think what you're seeing is you're seeing a lot of panic you're seeing people You know wonder if if if we're heading into a you know, a multi-year recession and if over the next few months You know the the fed doesn't really overstep what what they really should be doing Then I think you can you can see a lot of that uncertainty go away and hopefully markets get back on track Let's hope so. James real quick. I'll ask you the same thing priced in or not, man Yeah, it's priced in for at least two hikes call it 50 to 75 basis points more than that. No But you got to look at the big picture the more they raise interest rates the more their deficit grows because of the funding liability of the debt that they have needs gdp They're boxed in they can't shoot themselves on the foot It's it's that simple. It's it's math. I've done a ton of videos talking about this stuff. So um, they know where they got to go Um, and that is not too far up We are now in this mmt world where interest rates have to be perpetually very very low Modern monetary theory. We'll see if it all plays out and let's see if it actually works. All right, let's move on This is the next question. I thought this was fascinating us and russia We're on the same time announce their regulation intentions I know we've heard about this in the past and it gets a little bit cumbersome But there's a couple different things that did come out and one of those looks something like this So we had russian authorities come out and said, hey, we just drew up a roadmap to regulate cryptocurrencies I found it fascinating I've actually did this after their russian central banks So we need to ban everything and lawmakers came down and said grab some bench because it's not your job That's our job So we'll do that and putin came out and said, you know what let's regulate cryptocurrencies and I'll ban them on almost the same Time frame We had joe biden and his administration come out and say we need to do crypto regulation as a matter Of national security and they're going to do that over a little bit more time frame So my question to you guys is and I'll ask this to you james first Who wins here and who's going to be the big loser? Is it going to be the nations? Is it going to be the crypto investor or somewhere in between? Well, I this is a this is a question I didn't really see I think or see coming, but I spend a lot of time analyzing geopolitics political leaders global macro situation, but this is a perfect perfect Game theory example of what's going on and I want to bring up a very old Parable that is the enemy of my enemy is my friend That's right and and bitcoin Is the enemy of now the old school politicians the fed The us the imf the ecb whatever you want to that's that's kind of the enemy And putin his favorite job in the whole world is to wreak havoc on elections on governments on political Stability is just that's his that's his that's his pleasure.  So obviously he believes maybe potential for petro bitcoin He's hinted at that many times last year and once this year Um and havoc is fun for him now. Biden and trump both have a strong dislike for bitcoin Okay, so they're very aligned there, but what's interesting sort of a spanner in the works. Did you know that? Biden's biggest donor is a guy called sam bankman freed This is true. I've heard about that guy. How about that guy? So And by Biden during his whole career was funded by the Delaware financial services Business all the big banks that are headquartered in Delaware a low tax environment all the credit card companies He so he's tight with wall street and that's where I get kind of twisted up because jenny ellen Got paid. What was it seven million last year by all the top banks? You know, we're talking citadel city bank goldman sacks bank america Barclays jp morrick and bnp credit swiss just Give me the money and I'll give you some political power and so I think that's what's happening behind the scene so you got this weird situation we got Putin trying to mess with The world as he does And you got the us trying to curtail and control and line the pockets of the people that put them in their office in the first place Who's gonna win? I don't know now. I'm praying and I hope that Things like true decentralization would just make this stuff more popular like when Nigeria bans bitcoin and just Explodes in popularity So fingers crossed we'll see we will see. All right. I don't know ben What do you what do you think about all this because there's a lot of this is this is chess This is chess on a grand scale. Who is going to make The best move and who's going to just be the ultimate loser out here and really can even tell I Mean look we're going through uncertain times With with russia I you know seeing them sort of take a step back on the idea of banning it and now they're talking about regulating it The first thing that I I was thinking about when they when they said that was you know Is this some type of like as you said like is this some type of like chess move where You know, they're talking about sanctioning russia sanctioning Putin because Some of the some of the political events going on in the world in the ukraine You know, is this his way to say well, we're gonna, you know, we're gonna actually Go talk about crypto and and is that going are they trying to undermine? Maybe the u.s. Dollar as the the reserve currency I mean not that they not that I think they it necessarily would but you have to think that If if if the united states is going to make some of these claims then they might find, you know other Other alternatives and one of those could in fact be be cryptocurrency And I think Putin was actually I correct me if i'm wrong, but I think he was actually on the record talking about mining being Like in a positive sense and and then one to to to really explore that so, um I think that to get people talking about it like it's sort of the idea of like, you know any publicity Is is good publicity? But I think in the united states anyways like we need some type of we're going to have to have some type of regulation, right? I mean, right We're sort of in this like in this weird spot where you have a futures etf, but you don't have a spot etf You know, we're we're in this spot where you if you're a company and you want to and you want to innovate in crypto There's a lot of regulate regulatory uncertainty if you're living in the united states So I think it all comes back to I think I would I I would prefer to be optimistic and and say that I I think regulation will ultimately be A a good thing but with some of the bills that I also see introduced to congress I I have to sometimes wonder like do these guys even know what it is they're trying to regulate You know and and if they don't understand what it is Like if if you if they can't even answer the question about like what it is they're trying to regulate Then I worry about their ability to actually regulate it Yeah, it was it's it's actually a good thing ben that piece you pointed out the fact that they don't know what they're regulating Torpedoes the legislation out of the gate Which is a good thing Yeah, well, we'll see I mean I I can totally understand why and you know I never thought of it that way the way that ben just brought up about how prudent would like to undermine the dollar which makes a lot of sense because Russia and china would really love to do that because the dollar is the world reserve currency So I can definitely see that I can see why they'd want to do it on their end And I can definitely see why america would want to do that because there's a lot of money to be made And just the way that we took the lead in the early 90s with that law 230 To get you know For the websites or the internet to actually come forth and actually allow them to flourish and not hinder I think it could work out the problem is Is just like when ben said again that they even know what they're regulating because with america competes You know, it's there's we're competing against ourselves So we will see I think that's regulation has to happen I'm waiting for it and uh a little bit of regulation goes a long way We'll see what happened with gary ginser. All right So there is that and then next to last This is the advice column and on this channel This there's there's no investment advice only investment opinion james has his opinion ben is his opinion I have my opinion But when your friends are texting you and I guarantee they're texting you over the last month or so If they've bought any kind of crypto or digital assets or are trying to get into it What do you tell them? First of all when they bought if you have any friends that have actually bought into it beforehand What do you tell them right now as far as what's going on the market? Because I mean maybe some of them are up made massively. Maybe some are underwater So what do you tell them james? Let's start with you Yeah, well first of all Shed the losers have high quality names in your bag I don't care if they are equities or crypto make sure they are the winning names think The other important thing is always has some cash on hand. That's proven to be very very important right now So that's always critical no matter where the market is but especially in times like this with so much uncertainty And the third thing is you know pick few because the investing game The more Deep you are and what you invest in better. You can manage your exposure But I proved to myself. I was very disciplined about not holding more than 10 cryptos and 10 stocks That's even too much and I do this 18 hours a day. So It's just way way way too much. So my new year's resolution is less is more Identify do a lot of work upfront identify the winners and go into those high conviction names take maybe three stocks Take maybe three cryptos and just go in hard if one of the one of the cryptos blows up You're okay. The other two out of three. Hopefully will do very well to make up for that loss and and remember as well I know ben you say words to this effect sometimes, but It is very true that millionaires are made and bear markets get in early get in hard get in low Real simple. So that's that's the advice and people are very rattled right now But just you know, it's like six weeks Is nothing in the scheme of where this whole space is going Like I'm going to do something tomorrow.  What's the advice for your family friends and loved ones and they're like ben He told me he told me he was gonna gonna great now. I want to speak to a manager So what's going on? Yeah, um I mean a lot of what james said is is true. I do think this is the time to consolidate portfolios You have to remember that a lot of a lot of altcoins Not all of them, but a lot a lot of them will not see new all-time highs ever again I know that's sort of like a painful thing to hear It's true But yeah, I mean like if you've lived through Prior phases like this you know that it's true, right? You know A lot of them a lot of the big ones will ultimately trend higher and you're safest I mean you're clearly your safest place are bitcoin and ethereum So I tell people if they're if they're looking to get into the market you have to start with bitcoin and ethereum You can't it's hard to start anywhere else because the one thing we do know is that If the market is to recover which I do think it will it will recover eventually I I don't know exactly the time frame on that But bitcoin will often lead that recovery, right? It's going to be hard to have a healthy market in general without having a healthy bitcoin Um So I I think that consolidating your portfolio down to you know to a few coins make sense And it doesn't mean that all those coins can't recover It's just that of course when we're in uncertainty look at all the coins from 2017 2018 that that came not even you know A small fraction of their of their prior all-time highs There's so many coins that did that and and so I think the same thing could be said today Make sure the projects that you hold you actually believe in And it wasn't just like a cool ticker sounding name or you know, you heard it chill Thing just make sure you know what it is You are buying and then furthermore have the right time frame You know the right time frame in crypto is generally a multi-year time frame and any given Yes in any given single year or even say like a three or six month period It's a watch like we really don't know what's going to happen What we do know is that the asset class as a whole does It generally trends higher with time Um, so you need to have you need to have a long term investment mindset And if you don't which is not necessarily a bad thing if you don't then maybe this is just not the right asset class for you I don't know, you know It's just it's one of those things where you either you either can take a step back and look at it as a multi-year thing And if you can then I think you're you're going to be much better off If you can't then you have to be honest with yourself and and say you just can't handle the volatility Yeah, no, it's right and then like just what you said like some of these cryptos are not going to come back It just aren't and I and we talked about this a couple of days ago There was an example I gave was called I called it a dash of salt I'm not going to pick on any project. I mean kind of I am there's one called dash And dash didn't do it was great in 2017 I went to like 14 15 dollars and then it flatlined all the way until today I think it's still in the top 100. I believe but it hasn't really done much whatsoever So if you held that the whole time, where would you be right now? Well, not too far And then I also talked about salt salt was going to be this great lending platform It went all the way up. There was different problems with the management team sec came in Shook them down essentially just like with ripple and xrp and they have been flat the whole time So a dash of salt remember those cryptos because at some point you're not going to be able to come back Blue chips. This is what I told my friends george today matter of fact He has been investing since early 2017 He had the basics. He had bitcoin ethereum chain link and I would tell him george I can give george financial advice because he's just a friend of mine I like look man, uh, you got to take some profits along the way and he was buying it like at 6,000 7,000 then it went up to 12 then 20 30 40 69,000 like george you've got you've got to take some profits This point. Nope. I know where it's going and uh, okay, and now here we are and today's like, hey, man What should I do? This is going to be an unpopular opinion But I'm gonna tell you right now I said george, we don't know where things are going right now Do you need the money for something? He's like, I need the money for this specific thing I said if you need this money for this specific health thing, you need you need to Cash then go into cash. I'm gonna tell him to do everything But if you need the money at this point then go for it But for me like I've already done my stuff and I just say like right now would not be the greatest time to sell But if you had bought at 3 5k, it's still at what 37k. So it is what it is Diamond hand nonsense is not the thing. No one wants to be the most uh, the the richest corpse in the graveyard All right So one thing I did forget to say rob. I can share with your audience is And I see a lot of this right now in the chat in the comment in the people out there and the tribalism The number one way to lose and investing everybody is to be emotional If you are in any way emotional, you will lose 95 guaranteed you will lose 5 will get lucky 95 will lose. So when you invest remove all emotion from the equation I'll just leave that there try to do that unless The one time it did work out for me I remember when uh when elon musk tweeted he was gonna stop accepting bitcoin And I had been to a birthday party that that day before the the day the night of I was a little little tipsy And I go, hi this jerk and I said buy and buy and buy and I bought a ton of stuff and the next day I went up like 10% of it that worked out pretty well Not that's not that's not a best advice. That's just a off shot. All right. Do not trade trips tipsy Yeah, don't do what rob does Rosamore on some times. All right, so lastly and we'll get out of here. We'll do this little q&a What turns the markets bullish because it seems like we just had You know earnings reports come out Uh, microsoft did amazingly well. There's some there's some issues with tesla The gdp came out and said it was actually above than what they had actually predicted And what happens markets go down some like no news good news bad news doesn't matter everything's going down So what is going to turn the markets bullish? And I'll start with then I I mean, I think a lot of people are just looking for a little bit more clarity from from the fed And and how they're going to handle inflation and obviously, you know part of the inflation isn't necessarily monetary I mean a good part of it. I'm sure is monetary policy. It's also I think related it could be related to supply chain issues as well Which that, you know, their monetary policy isn't necessarily going to fix but You know, I think some of the some of the things that could turn things around would be a little bit more clarity on On what the fed's going to do. So maybe they'll give us that in the march meeting Uh, I do think that it always remains prudent to be cautious Especially when we're when we're facing a lot of uncertainty, you know, there are of course other things You know, sometimes I think to myself, you know, there you still have a lot of bullish things happening in the space, right? You still have Um a country buying the dip, right? You still have micro strategy That, you know, that they regularly purchase bitcoin. You still have I mean tesla still owns You know, a lot of bitcoin themselves. They purchased 1.5 billion dollars and as far as like as far as I know I think they only ever sold 10 percent You have on twitter you have you have windies mcdonalds and burger king all talking about crypto, you know Their primary accounts and you know, I know the the whole the whole spot etf thing is this sort of this meme at this Point because we've been waiting for it for I don't know since like 2016 2017 It's not here Maybe that could turn things around but we're not going to get that until there is some more regulatory certainty. So um I think, you know, if there is more regulatory certainty if we have a little bit more Uh a better idea what the fed's going to do and probably one of the most important things is is the stock market doing well and Until I see the stock market Uh recover and and and start to turn back up I I cannot Think, you know, the bitcoin's going to immediately go make a new high, you know, I need to see I need to see Uh stocks doing doing well you think about it like bitcoin It sort of is operating right now is a more volatile version of say like the nasdaq, you know Like bitcoin took out at september lows before the nasdaq did, you know, and um now the nasdaq I think is is hanging out right around the september lows um So like there's a lot of things that that could happen over the next few months I I think we just need to be patient and one thing that's worth mentioning in terms of being oversold right now We are incredibly oversold on on multiple timeframes even on if you look at like the weekly time frame for bitcoin The last time we were this oversold I believe was like march of 2020 and then the time before that when we were this oversold in the weekly time frame was 2018 but not the beginning of 2018 The november of 2018 was the last time we were this oversold on the weekly time frame So, you know, I I'd like to think they're they're you know, there certainly is some more There can always be more downside in the short term right? We really just don't know But if people just hang in there and and and just take a step back there There is bullish things happening in the space. It's just a matter of getting past some of the short term uncertainty Yeah, that's I mean, I don't know if you guys heard james. I could see uh, but amaz are arizona. I just put a uh the The language of a new bill to make legal tender bitcoin legal tender in arizona. I don't think it's going to pass But who knows Texas too. Texas trying to do the same thing. Well, of course, it's texas, baby. All right, so James, what do we got? What are you? Yeah, I still you know, I remain so bullish because of the The pure scarcity of things like bitcoin is just Insanity and the adoption as I started the beginning talking about the network effect. That is not slowing down That's just accelerating all over the world all at the same time. I mean you have people I don't know if you guys saw google trans yesterday Hidden all time you high for bitcoin and that's what that's what went when people like Putin mentioned the word bitcoin The world goes what's that? You know, those who don't know what it is and remember only two and a half said the planet have adopted it So again, I what I'm looking for one of the things I'd love to see it might be a big stretch But is that that? Decalated nature of bitcoin to becoming more risk golf to become a true Digital gold gold narrative. So That's that's what I'm looking for and I think that's possible I also think now a lot of the big tech names are very oversold They are below what they were a year ago So 2021 a bumper year the stock market completely oversold not just bitcoin back to 2018 levels But you look at the teslas of the world amazons, etc Big rock solid names Oversold, so I think that's got to turn around And there will be that eight weeks of dark cloud Which is going to keep a lid on things and I think bitcoin was probably going to do over the next Eight weeks. It's going to bump up against 40 42k It's going to have a hard time breaking through that level right now unless we see big big buyer coming in or a big sovereign coming in and buying That that will change the game, but I it should happen in q1. It was supposed to happen From things I've heard but uh, maybe with this weakness You know, there are high net worth individuals and family offices. They are buying at 33k every time it gets close No matter what time of day they come in and they buy and that's just visible from Old volume indicators and the charts. So the money's there. They're just patient Hey, man, I hope so I it does concern me what you said though about the bitcoin miners selling off because they have to the chips and things like that But uh, we'll see I will say just like what ben and you talked about clarity Imagine if drone power comes out and gives us crystal clear clarity what they want to do And then also the u.s. Government comes out and says here's what we came about This is what the cftc the occ and the sec has come together with we're going to give clarity for rules for regulation As far as crypto you put those two things together everything takes off But that's why regulation Clarity is good. All right. So look another great episode. I want to thank uh, these two gentlemen and we'll do a little q&a Real quick. So james ben. Thanks for thanks for talking me off a ledge Honestly, okay, I had some things stars. Let's see if I can show this Thanks, bid moon. I I just uh, I just starred this this comment. I thought that was pretty good three icons Well, these two guys are I love them Uh, let's see. What else we got comments Michael This is a question. Why is bitcoin this volatile? Since it's considered a store of value by many and money seems to currently flow towards Commodities such as gold and silver. I just heard a news report from cnbc Uh, I think it was goldman sacks one of their cio's talked about how this could be a commodity super cycle So what do you think? Why is this? I mean, we talked about it at length, but this store of value narrative. Do you still think bitcoin's a store of value? I mean, it depends. Yeah. Oh, sorry Ben. Let me go. Let me go first Uh, yeah, I think it is a sort of value. I think you just have to have the right time horizon We're in the we're in the process of of watching bitcoin grow up, right? Like it's currently being capitalized gold This happened a long time ago So I I do think it is a a store of value as long as you have the right time horizon You can't expect something to go up 20x and and not have to You know Retrace some like that's just it's what bitcoin has always done. It's probably what it will continue to do Um, so I I do think it is a store of value as long as you as you have the right the right time horizon I mean gold and silver. Yeah, like there, you know, there is some money flowing that way Additionally gold and silver. I mean gold hasn't You know, I mean it hasn't really done a whole lot in the last 10 years So you think about it's basically at the same price. It's basically at the same price. It was when bitcoin was first created um, so It's sort of like I guess it depends on you know, what what is your definition of a store of value specifically I mean gold just doesn't really do much of anything except over the last 10 years lose value inflation Um But I could see I would not sad, you know as much as I give gold and silver a hard time I I do think they will they will probably push higher. You know at some point this this decade Gotcha. Not perfect. James. What do you got? Yeah, uh, so I do think it is a store of value So the people that are investing today They are looking with a long-term perspective. They have that perspective They're not looking to speculate with all of their assets the more assets you have you got to become a lot more risk averse and focus much more on protection Um, but I think the penny is dropping right now We're still so early, but the penny is beginning to drop that this is A top asset to be in and I'll ask the audience. Is there a better one for the next 10 years? The answer is in terms of risk protection and alpha which is excess returns There's nothing better nothing better out there that I can find and I'm always looking so That's a pretty good question to ask Hey, if you don't want to put it into gold or silver or whatever else, what's your other option? Yeah, and to come into what I'm gonna steal that So and to comment on what ben said if you remove your loss of purchasing power for gold over the last 11 years It's actually fallen 40% So you're 1,811 years ago is a lot less than today Yeah, I can agree with that and then this isn't a question, but it's just something to remember Look at amazon at early stage dropping 80% was the norm So just remember that if you would have gotten an amazon early, I think it was like a thousand or a hundred bucks The very IPO would have turned into like 21 million or something crazy like that Next question. This is a question. Will the fed keep printing money? Or are they stopped because I keep hearing about not quantitative easing but quantitative tightening since you're up there james What do you got for that? Yeah, go to the national debt.com website Go to The I think it's the Missouri Fed and look at the charts They're up and to the right for as long back as you can imagine only now at a more accelerated pace And so so that the problem we have again, it's real simple The Debt is about 1.31 times gdp Okay, so they're underwater Now can they grow gdp fast enough to outpace the debt and debt servicing? No, it's beyond the tipping point tipping point 77 percent They're nearly double that so they have to keep on printing. They'll pretend. Oh, let's taper a little bit Let's reduce our balance sheet But then once the proverbial hits the fan They'll start printing again and they'll have to start easing again again Long-term low interest environment with some undulations But long-term it can never go back to historical rates of six eight ten percent No, so james thinks that they're gonna keep printing If anything they're gonna keep printing and they're gonna they're gonna shut it off for a little bit I mean, I'll always have to keep printing I think what what james, you know, what the fed says and what the fed does has historically been two very different things And and I could easily see this this thing where you know Powell talks the talk and they you know, they raise interest rates and whatnot They go through that and then if you can fast forward say six months, you know if supply chain issues if some of these things can can be fixed and if inflation comes back down And you know, you also have the the pressure of of the political parties in office that want the economy to To be doing relatively well going into into mid-term elections um What choice do they have you know like other than to I mean, I mean if the alternative is is sending us into a recession I don't I can't imagine that they're going to want to do that. So I I think the I think they're going to have to they're going to have to keep printing money It's it's also going to boil down to but in the short term I do think yeah, I think the fed has to say face and at least show that they're trying to to do something about inflation Yeah, I saw max keiser on stands where our researchers said the same thing he goes Why do you guys keep falling for that? It's like lucy taking away the ball from charlie brown They're always going to talk about it and they're going to we're going to stop and they don't stop And then ben this is the question for you. Have you I know have you ever done step wise regression modeling on crypto? I don't know what that's about um, I mean, I've done I've done a lot of different types of modeling on crypto I mean the main models that I use today are Well, I mean you can easily do you can easily do Linear regression on on crypto. That's pretty Pretty standard and you can see that in terms of you know, what bitcoins doing you can easily model it with with various regression models Um step wise regression. I don't know that I I don't know if I've done that before on on crypto So I can't really say I don't can't think of anything specific um But you know, I mean I if they have any if they have any specific application in mind I can always I can always try it out See look at that Ben's always up for anything james you do models stuff like that anything like that for you I do I spend my life in spreadsheets I want to boy you guys to death I model everything everything and I have done since I was a child uh my I grew up my dad and he had this old IBM xt. I'm dating myself a floppy drive computer Holy smokes And he had uh They the predecessor to spreadsheets, which is before lotus one two three that nobody in these audiences Even know what that is So I was playing with spreadsheets from a very young age And that's it by the way, uh, bitcoin went up $551 since the stream started so I was watching that but you also see the nasdaq the nasdaq's rallying into the close Which is is a change from what it has been doing for for many days now. It's actually going up into the close Exactly. So it's all the good things out here In this audience Yeah, maybe we'll have a maybe we'll finally have a good weekend for for crypto Yeah, well, that's what I was saying. I said that yesterday So we the the bearers were clearly in control with their positions So the the the whales had to manipulate the price of bitcoin to make sure it didn't breach 38k Or else they stood to lose about 130 million dollars. So they won the game yesterday And my theory was okay. Once we get past noon eastern time We should get way above 38k this weekend theoretically possible But you know the whales will be there to dump they wait for a low volume time This will be the test though is can we actually take out those overhead resistance levels on the way up That'll be the the real test as I mean, this is what we're all watching, right? Yeah, that's remember if you saw a thing was two days ago Um, it looked like a beautiful fake out after the fed meeting we went from Oh, yeah 33 and a half to 39k Yeah What's it about 37 38 all the leverage long school in hard and then the whales liquidate There have been some whales accumulating recently if you look at uh, some of the on-chain data Some of them have finally started accumulating again, and I don't know if you guys follow Whale number three on on the bitcoin rich list No, but whoever that is, you know, I've always wondered who that who that person is but that that that person has been But put it this way the last time they sold more they sold like one bitcoin a while ago But the last time they sold a significant amount about a bit of a significant amount of bitcoin They sold 1500 bitcoin. They sold it at 67k What bitcoin at 67k they also sold it like 50k and 60k as well But ever since then they have been accumulating and even even through january they're continuing to buy You know like 400 bitcoin here. I think a couple days ago. They bought another 600 bitcoin Um, so you know there are there and by the way their wallet now is bigger than micro strategies Yeah, he's the guy at the 127 thousand, isn't it? Yeah, it's crazy. Yeah, whoever. I don't know who it is I I keep wondering who is that that so So follow whale number three and when they sell we sell thanks ben right. Yeah, basically. That's all you really need Awesome and then lastly then we'll get out of here the question is how's the cob james get well soon You guys don't know james is under the weather and yeah, I am perfectly fine There's a little a proverbial frog in my throat, but he's alive and well But everything is good perfect feet. So All right. Thank you for asking guys. That is it just remember that When in doubt zoom out time in the market is more important than timing the market I want to thank ben and james for the best answers you can find The link to their channel is in the description and that is it Gents, thanks for coming on. I'll see you guys next week. I think we're at Should be on my channel dance channel. Yep. All right. Thanks guys. Thanks. So Bye. See you. Bye


Coming up on DTNS Jeff Bezos is going to Washington Intel builds anti malware into its chips and get hub changes master to main This is the Daily Tech news for Monday, June 15th 2020 in Los Angeles on Tom Merritt and from studio Redwood. I'm Sarah Lane And I'm the shows produced Roger chain welcoming back to the show Adobe Spark product manager Veronica Belmont Hello So happy to be here. We were just having a good time on good day internet talking to Veronica about me going to the mall Drilling content Drilling mall content. Yeah, lots more stuff comes in good day internet become a member get that show at patreon.com Slice DTNS. Let's start with a few tech things you should know Walmart and Shopify announced a partnership to add 1200 Shopify sellers to Walmart's third-party marketplace by the end of this year 2020 Walmart's marketplace will remain invite only with all sellers vetted by the company in Q1 Walmart's marketplace grew at a faster pace than Walmart's own overall web business What's app users in Brazil can now send and receive money using Facebook pay transactions will require a pin or Biometric authentication But you don't have to pay a commission fee unless you're a business businesses will pay a 3.99% Processing fee to receive payments users can link their whatsapp account with a visa mastercard or debit card and local partners that launch include Banco de Brazil new bank and secretie By dance announced it plans to shut down two of its apps Vigo video and Vigo light across all of its markets having already Shuttered the apps in Brazil and countries in the Middle East these apps allowed users to create and share short-form sketches and lip-syncing to Bollywood songs by Dan says that it will help migrate videos over to tiktok before they're shut down in October According to mobile analysts the apps had five point five a million monthly active users in India The Apple card now offers zero percent financing for 12 months on Macs and iPads I feel like I'm doing a car commercial suddenly With six months financing on AirPods Those purchases still qualify for your 3% cash back at Apple purchases And accessories bought with iPads or Macs are included in the 12 month financing window Apple watch However is not included Apple launched 24 month zero percent financing for iPhone purchases back in December Apple also announced it will start start selling a solid-state drive upgrade kit for the Mac Pro The kit will let consumers upgrade the Mac Pro to eight terabytes of storage The company also announced you can now get the 16-inch MacBook Pro with the Radeon Pro at fifty six hundred M card Which offers six gigabytes of HBM to memory and acclaimed at seventy five percent performance boost over the 4G 5500 m cards the US National Highway Traffic Safety Administration announced the automated vehicle transparency and engagement for safe testing or AV test Initiative that creates a voluntary online platform for sharing automated driving system on-road testing Activities the upshot here is they want to eventually provide the public with testing locations and activity data for Autonomous vehicles so you can see what's actually going on with them among the participants at launch will be Fiat Chrysler Toyota GMO cruise Uber Waymo and the states of California, Florida, Michigan, Ohio, Pennsylvania and Texas Norway's data protection agency asked that the country's contact tracing app be suspended by June 23rd Because of threats to user privacy the Norwegian Institute of Public Health disagreed with that evaluation But will indeed disable GPS and Bluetooth in the app as of June 16th and delete user data quote as soon as possible and the Microsoft Insider Program is changing from the ring model of Slow ring fast ring and release preview ring a new system will have a dev channel that replaced the fast ring And that won't be tied to a release It'll have new features on OS improvements as they become available the beta ring will replace the slow ring I'm sorry the beta channel will replace the slow ring That'll have a reliable version of features tied to a particular upcoming release And then the preview channel is just renaming the preview ring And adds some support from Microsoft as well. All right, let's talk a little bit more about Mr. Bezos. Oh, let's Amazon told Politico that the CEO Jeff Bezos is willing to testify before the US House Judiciary Committee on the issue of antitrust Amazon sent a letter to the House Committee on Sunday Antitrust hearings are scheduled for July now according to letters seen by Axios the US House Judiciary Committee Contacted Apple alphabet Amazon and Facebook to seek voluntary testimony from their CEOs and documents as part of a larger probe into big tech Competitive concerns these letters also suggested that subpoenas would be used to produce documents and testimony if not offered voluntarily Yeah, so one of the hang-ups here was that Bezos Said they were saying that Bezos was not the guy to talk about whether third-party data from other merchants was used or not But I think they've now walked back to realizing that it's just probably good for them to have the CEO at least show his face even if they have other people also testify so some of this is around their treatment of Competitive products competitive companies and how they appear on the platforms, correct Yeah, that's the third-party data that I was talking about where they like take third parties from their platform Who've sold things and say like oh that's selling. Well, let's make one of those. Yes, exactly Yeah, I'm really curious to see how this kind of plays out because I think this is something that people in the industry have been watching for a Really long time and I mean we know they have the data We know that they like kind of why wouldn't they use it at this point I mean, I can't imagine that they're so It's on such a moral high ground that they that they wouldn't at least in some departments be looking at that data and Talking across groups to kind of figure out how best to use it But I don't that's just my opinion, but I'm curious to see how they defend against that Yeah, I mean I I'm with you Veronica There there have been instances that we've talked about at least on this show in the past where it's like Amazon executive saying Well, you know, we don't always know what employees are doing those employees might have been doing bad things But we certainly didn't sanction it. Is that true? Well, we don't know but you When a company gets to a certain size you start to roll your eyes a little bit when when you hear stuff like that I think also somebody like Jeff Bezos saying well, I you know, I I don't want to go testify Do I have to I don't if I don't have to I don't want to do it after a while Again, the perception of the public whether or not you have a variety of really good reasons for not doing so It makes it looks like you have something to hide. So, you know at that point you kind of you just got to do it He's like, don't I pay people to do this to Veronica's point I think it'll be interesting if they come clean about what they do use and what they don't because you're right There are some things that they do use and I think Amazon will try to say there are things We know about general trends on our platform. Of course, we pay attention to those but we don't look at Individual companies data. We do keep that separate because that's probably anonymized. Yeah. Yeah And I think they'll probably come come with that kind of defense Last year the Australian Competition and Consumer Commission completed an 18th month investigation into how digital platforms were affecting media Competition in the country the report called for the creation of a voluntary code of contact Conduct that would see platforms negotiate in good faith with news media to pay to use their content Advise news media of algorithm changes ahead of time favor original sources over people quoting original sources and Share data back to the news people now some of these were not controversial to the platforms But some of them were submissions from the news industry called for platforms particularly Facebook and Google to either pay a Centralized license fee that would be allocated to organizations based on the cost of making news not on usage on how much they had to spend to make news That's why news Corp wanted it that way Or sometimes up to 10% of the company's revenue in the country That would be around 411 million dollars United States This code was set to be finalized in November But in April the Australian government tasked the regulatory commission with creating a mandatory code after limited success with early negotiations That code followed the same basic principles of the voluntary code but added penalties and binding dispute resolution mechanisms in response to the initial draft of these Mandatory rules Facebook has rejected many of the draft rules stating it has healthy competition with news organizations and There would not be significant impacts on its business if it stopped sharing news altogether Google Australia's managing director Mel Silva also wrote that the direct and indirect value of news to the company is quote very small Facebook said both it and Google were being unfairly singled out because they're the only ones mentioned by name and Proposed an Australian digital news council as an alternative that would mediate complaints from news Organizations based on the Australian press council as a model rather than creating a separate regulatory body Now what I haven't been able to pin down for sure is if they're talking about Facebook having to pay to use news in a Facebook news section like the one they just launched or if they mean Everybody's sharing on Facebook because if they mean everybody's sharing on Facebook I don't know first of all how you stop that and second of all that is material to Facebook's business But if they're just talking about like when Facebook posts a news post that's different or when Facebook promotes it, etc Certainly in Google's case we've seen this happen before in Spain. They just got rid of Google news. They said fine Yeah, we won't do it at all first of all two two thoughts one I'm totally okay with Facebook just not showing any news on its platform that would be fine with me To they could definitely do some kind of Blocklist or deny list around certain news domains to prevent those from being shown on the platform pretty easily to get around those So that's one way that they could definitely stop the sharing of potential news sources Yeah, this is you know, we've seen this across various markets You know that the fact that a company like Facebook is like well, it doesn't even really matter if we do this or not But we'd like you to completely We think the regulatory body that you put together in order, you know for us to be a little bit more compliant with you know with Publishers and and what their their values are as well is a little I don't know if it's silly It's just it seems I don't know how you are really working with a government organization when you go about it this way agreed Well, I don't know how much we agree about Quibi Well, let's talk about Quibi anyway The Wall Street Journal sources say that the streaming service Quibi is on pace to sign up less than two million users by the end of its first Year in operation under the company's original target of seven point four million So that's quite a bit under in fact according to the analytics firm sensor tower Quibi had three point eight million downloads as of June 7th after hitting the reported peak of 379,000 downloads on its April 6th launch Gosh was that already April all right seems like a long time ago Miss streaming service did not exceed at twenty thousand downloads for any single day in the first week of June at the end of May 1.5 million users signed up for a 90-day free trial which began which began ending early in early July So you're starting to see people drop off because they're they're Their trials are ending since its founding in 2018 the company has raised 1.75 billion dollars, but estimates by Q3 of this year Uh-huh it will have spent one billion of those 1.75 billion dollars including a budgeted 350 million on content in 2019 so Sunset Quibi needs to raise more money or really rethink some things Yeah So if so the trials will start ending in July the 90-day trials will start ending in July when that happens two things will happen They'll either start making money off people who forget to cancel, which will probably happen and to certain people who like the product and stay Or or also, I guess there are people who like the product and state It's fair it's fair that there's there are people who like Quibi and will Willingly stay But one expects a large number of people to cancel in which case they not only lose that potential subscription revenue But those eyeballs as well now a lot of those people weren't watching it anyway But the people who have been watching it are generating advertising revenue And that was the other thing is quibi sold a lot of advertising up front They are not going to with these numbers have the Volume to deliver the impressions that they promised Yeah, we don't know anything about what their monthly active users looks like they're they're dhu We don't know like how many people what their return rates are we don't know There's probably a lot of churn It's just there's there's so many questions these numbers obviously tell a pretty bad story about the the rate of new sign-ins and account creations, but I don't know how you raise money with that kind of trend But yeah, I think there will be more information coming when we start seeing those those trials and and see if people do stick on Because if they can if they can make some kind of sustainable Tell some kind of sustainable story about their about their their usage That might help them, but it doesn't look good. Well in the whole quibi thing, you know, again Some pretty bad timing just on the part of the world Being like we're a mobile first company You're not going to be able to cast to televisions and people are like that's crazy. No one can leave their home All right. Well, let's figure out How to let you cast your televisions chrome cast Yeah, and so and so, you know, we might we might see, you know, the The tide turn a little bit, but you know, I don't know with a fickle audience. I It it's it doesn't look good. Maybe they should have called it omakaze, which is another thing in this story Yeah, I don't know about that Intel announced plans to build anti malware directly into its cpu's tiger lake mobile chips will be the first to integrate something called control flow enforcement technology Or c e t which was jointly developed by intel with microsoft now bear with me here c e t addresses something called return oriented programming or r o p r o p Was the bad guy the malware makers response to something called executable space protection and address space layout randomization or esp and asl are Those stopped malware from making changes to system memory. So r o p came around And started hijacking functions that were already in memory Malware makers said you're gonna keep us from getting into the memory fine We'll find things that are already in the memory and manipulate those Essentially reordering when the functions ran, which would return information to the malware So one way c e t blocks r o p Is a shadow stack Say that five times fast Shadow stack makes a copy of the order of operations that are executed in a cpu for each app That way when the r o p when the malware makers try to manipulate the order the functions run into gain information The cpu looks at it and says Not the right order And stops executing the program c e t also defends against other attacks like jump oriented programming call oriented programming Intel released the c e t specifications back in 2016 In order to give app makers time to update the apps that support them and windows insider builds already include support in the operating system The operating system has to support this for it to work intel says it plans to integrate c e t across desktop and server platforms as well Got nothing to say about that. That's pretty cool. I mean it's good. It's good Let's just give intel credit. They've been getting a lot of heat For the side channel execution vulnerabilities, which intel is not the only chip maker to suffer from And those but those side channel vulnerabilities keep on coming This is this is something that I think is a a better fix for arguably a more widespread problem problem Yeah, I mean Any company who's like we're going to build anti malware into our cpus. My first reaction is great Let's all do that Are there any sort of glaring issues that anyone sees with this? It's like no, I mean moving in the right direction The real silver blade in our our twitch chat, uh, which by the way twitch is back up Says wouldn't malware makers just work around this and yeah They'll come up with something the way rop was the arms race. Yeah But this is a good fix. This is a good move in that continuing arms race A company calling itself open core computer launched a pc called velociraptor She's a really great name for a pc which it also says comes pre-installed with mac os catalina and windows 10 pro Yeah, open core is only accepting bitcoin as payment So some eyebrows have been raised apples and user license agreement for bids third party installations of its software And any commercial mac clone is a violation of that agreement as well as the dmca the digital millennium copyright act Apple sued and won a permanent injunction against the company size star back in 2009 for selling hackintoshes Harkening back to the The makers of the open core bootloader. That's the open source project acid in thera Said they're in no way affiliated with this company and they called it shocking and disgusting And this was very confusing to me when I read it this morning. Um, so if anyone else is confused It's you know, there's quite a few companies that are doing things or not doing things right now and and I know that that clearly um The open core bootloader folks are like we Don't don't bring us into this. We didn't do this open core bootloader is an open source project It is meant to allow You to make a hackintosh, but it doesn't actually break any of the the terms or anything It's just a tool that you can use or not use and they're they try to be very ethical about it Whereas open core computer is trading on that open core bootloader name Uh to probably get a little bit of goodwill and I think that's why the folks who make open core bootloader are very upset Yeah, yeah, that makes sense. Man. I haven't heard the name size star in a long time It's kind of exciting Uh And and you know hackintosh is there's a lot of argument about whether you should be allowed to make your own hackintosh And that's where the open core bootloader people work. It's like empowering users open core computer by saying like Oh, we're not breaking the rules because we're hiding your purchase in bitcoin Uh, that seems pretty shady to me uh, yeah I am of all the Kind of back and forth that I've seen online from folks It all ends up coming back to well if apple just made their computers cheaper. We wouldn't be here You know It's like I don't totally know how this ends up You know apple's going to go after any company who's doing something like this As brazenly as it is now, but it you know, it's it's I think these things keep cropping up until Uh, you know the the faithful are are happier with their products Or if if apple opened up the operating system a little more beyond just the darwin or that or that yeah Hey folks, if you want to get all the tech headlines each day in about five minutes Be sure to subscribe to daily tech headlines.com Google chrome developer una cravitz posted on twitter last week Quote for what it's worth. I'm super happy to rename the default branch structure of master To main and I hope we can all do this together as a community with github leading the charge by implementing it In their products moving forward The reason for that is the master branch Uh, kind of calls up the master slave Terminology in technology. Uh, it's often used for for client server situations And una cravitz was saying look if this makes anybody uncomfortable if it brings up associations with slavery It's easy to call it main. Let's do this Github CEO nat freedman responded. It's a great idea and we are already working on this And he at replied cto billy griffin in his response of github now Keep in mind. There's github the company and there's git the open source project So you've got a little bit at open core confusion going on again. So those are two different organizations And developers in either can choose their names for various versions and branches of projects But github has a default That often is what people use because it's the default like we all do sometimes you look at the default and you're like Yeah, that's fine. So the open source git project is considering switching the default From master to main to denote the main branch of a repository github Sounds like they're going to go ahead and do that which would sort of lead the way on the issue The move comes as a bunch of other projects also work to remove terms from code libraries That may sound racially insensitive. Uh android open source project go programming language Grammarly and the curl download utility are among those who have all changed White list and blacklist to allow list and block list LinkedIn developer Gabriel Sapo said on twitter He is working to update microsoft's internal software libraries to make similar changes And drupal is one of the organizations that did this a while ago drupal cms project adopted The the primary replica language to replace master slave back in 2014 veronica I know you you brought this up because uh, you you deal with this kind of terminology and your job all the time Yeah, I think uh, I'm personally I I kind of came up with this earlier today I don't know if anyone else is using this but I like go list and no list Makes it easier than saying like allow or deny for some reason go list or no list But I think it's a really great trend. I think it's it It does seem rather trivial. Um in terms of the amount of work It goes into renaming these things and and the amount of of good that it can do and in making companies And projects more inclusive And welcoming to a lot of people who maybe didn't feel that way and felt uncomfortable when those terms were being used and with good reason So i'm really happy to to see those changes. I know adobe is doing this with some of our open source projects as well I hope that continues even further and on the technology end of the spectrum With what we're doing. So yeah, I mean, I I've definitely become aware of it now when I hear it More and more but as you know, as you mentioned drupal has been doing this since 2014 And I think there's been a lot of conversations happening in the the developer communities about this And there's been a lot of pushback And I think that pushback it seems so silly to me because like I said it from a technology perspective It's not difficult to do. It's just the naming of things And so going back and making those changes not not super difficult And it just seems like people get really set in their ways in the ways they like to do things And they make excuses sometimes as well I've heard a lot of the arguments about how master in a lot of instances when it's not something like like forking a repo or repo or whatever is more Referring to like a master recording But at the end of the day to me it doesn't really matter because if that thing makes people feel unwelcome in the technology world It it shouldn't be Even a conversation at this point, right? It doesn't really it's it's it's a it's a title for something that does a thing Yeah, you know you change the title the thing still does the thing And people are happier. It's hard to argue. Well, hold on. This is the way that we used to do it before Let's all you know, let's you know stop being so pc because I think that there is a lot of There is a lot of sentiment of like, oh, that's not what this means. This is just tech stuff And and maybe you do feel that way But if people don't feel that way and again like you know inclusion is such a big topic in our industry Why why not because it's such an easy fix and like you said like go or no. Yeah, it's like just say that Nothing changes. Why? The downside could be If we don't agree on On the right the the new term, right? It's going to cause confusion if everybody's using different things when everybody used the same thing before So you do have to I don't think it really does matter that much You do have to come to a consensus on that or or it will it will cause some temporary confusion But I imagine that consensus will coalesce And then there's also the the determination of well, where is the line? Where are the things that you don't change? I think client slave slave drives I think those are pretty obviously bad, right? Like I would say so. Yeah, I have talked to people who are like, yeah I was uncomfortable building PCs because I had to talk about the slave drive and the and the and the you know The master slave terminology really bothered me And so I think those are those are worth changing Even if there's a little bit of of a rough bump in trying to figure out what we all agree The new change is and and if you have enough Momentum which it seems like maybe you do certainly a github It should be easy to get on the same page about what the new terminology is at the end I'll just say if people are smart enough to make computers and build these systems People are smart enough to figure out what is going to work and what to use and what to change Now it brings up a question for us So I don't want to get too naval gazing here But all right, we have two patreon levels one called master Which is named after the the idea of like a master's degree a mastery of something And we have a name called grandmaster which was suggested by lamar wilson after chess grandmasters And so, you know doing this story today has made us double look at the sarah brought this up last week to be honest But but we're thinking like is is this on the side of the line? We're like no, it's too far removed It really won't bother people or does it? So we do want to hear you from you feedback at daily tech news show dot com about that. We're listening Absolutely, you can also join the conversation in our discord Which happens 24 7 and you can join by linking to a patreon account at patreon.com slash dtns All right, let's check out the mailbag. Oh do we one of our dtns bosses wrote it and said this past week You explained the changes coming to hbo apps at the time it seemed to make sense But I've discovered a problem affecting me and maybe a few others soon hbo go will go away And hbo says we're placed by hbo max. This is for people like me who subscribe to hbo with their cable tv provider Unfortunately, this only works if your provider is signed up to support hbo max My provider is frontier took over the fiber optic service for Verizon files here in florida and several other states I downloaded the hbo max on my apple tv when you run it gives you code as you to log in with your provider Unfortunately frontier communications not on the list like it was for hbo go The net result is I will be losing the ability to watch hbo on my ios and apple tv devices Even though I pay for it with my cable service. I just love it when I have things taken away from me when i'm paying for them Yeah, there are a few examples where uh, you know, it's not a majority of hbo users But because there's a dispute between the companies and they can't come to an agreement people like do we get lost What hbo would tell you is easy fix cancel hbo through frontier and sign up with hbo max directly And then you'll get it but then you wouldn't have it on your frontier tv system Would you and though then I think hbo would say well, you might want to think about changing your tv system So this this is when they're trying to use users as leverage between each other and poor do we gets caught in the middle I'm Sorry I give up Anything hbo these days and like what what are you subscribed? I just you know, I like a lot of your content you jerks Shout out to patrons at our master and grand master levels including it dan colbeck urwinster and justin zealors Also a big thanks to veronica belmont for being with us after all this time We really missed you let folks know where they can keep up with your work Yeah, uh gosh, um veronica belmont is really just a Little portal page for all the stuff that i'm doing right now. Um sword and laser, of course still going strong after what 12 years? I don't even gosh. Yes So we're we're still Cranking out sword and laser every other week. Um super fun and spark Yeah, the project that I work on in adobe is called adobe spark and you can check it out at spark dot adobe dot com Also folks you can so support for daily tech news show at any level by going to daily tech news show dot com slash patreon There's lots of perks for thanking you if you find value in the show We just ask that you give a little value back there and uh, we also support the show through some merch You know, we got hats. We got sweatshirts. We know not all of you want a mask, but if you do We've got them in the d tns store right now Who wouldn't want to walk around with a d tns logo on their face? Come on Go check it out daily tech news show dot com slash store And if you got feedback for us, we'd love to hear it Email addresses feedback at daily tech news show dot com if you'd like to join us live We'll guess what we are live Monday through Friday for 30 p.m. Eastern 20 30 utc You can find out more at daily tech news show dot com slash live back tomorrow with lamar wilson as our guest talk to you then This show is part of the frog pants network Get more at frog pants dot com I hope you have enjoyed this brover


Hi everyone, Joe for jaspyscasebrakes.com doing a quick little randomizer, random number block randomizer For these teams right here for six box picker team three, which is sold out brand new panini black football sold out That's gonna be the break itself will be in a separate video Works just like our number blocks if you're not familiar with it. There's the item description in there. Check it out Big thanks to these folks for getting into this one. This is the Cincinnati one, right? Yeah, the Bengals one I Grabbed the right set of names I Did okay good Let's roll it. Let's randomize it One and a five six times for each list one two three four five and six After six times I got mark H down to Ryan H One and a five six times for the numbers one two three Good luck six times One down to six All right, here we go. So mark H with one David with five Jan with seven Benjamin with four Nancy with two mark H with zero now I would say mark that you would get any and all redemptions for these teams down here Including one of one redemptions, but you have one already so you're covered Vincenna Lut with eight Ben Johnson with three John with nine Ryan with six last spot mojo Let's sort that by column B All right, and there you go break itself separate video jazby's case breaks.com


Not how useful they are as creatures. Because you can brew potions from their blood? Heh, no. Because by eating rotting corpses they prevent epidemics. Hm, did he know they eat the living as well? No, really upset him too. His theory collapsed. Of course, not exactly going our way. We have a side. The northern realms. Ratavids realms, don't you mean? Tamaria and Eddern are no more. Ratavids pledge to restore the old borders. As soon as he wins the war. Believe that. Gotta believe something is what keeps us going. Slow now. Ever tell you about this sorcerer I knew? Couldn't stop talking about how useful they are as creatures. Because you can brew potions from their blood? Heh, no. Because by eating rotting corpses they prevent epidemics. Hm, did he know they eat the living as well? No, really upset him too. His theory collapsed. Of course, not exactly going our way. We have a side. The northern realms. Ratavids realms, don't you mean? Tamaria and Eddern are no more. Ratavids pledge to restore the old borders. As soon as he wins the war. Believe that. Gotta believe something is what keeps us going. Slow now. Ever tell you about this sorcerer I knew? Couldn't stop talking about how useful they are as creatures. Ever tell you about this sorcerer I knew? Never. Never. Never. Just believe what you hear. Never. Now believe what you hear. Ever tell you about this sorcerer I knew? Never. Never. I was just joking. I've never heard this before. Smoke and fire break through. Do you really believe it? of its pledge to restore the old portals as soon as he wins the war. Believe that. Gotta believe something. That's what keeps us going. Ever knew about this sorcery I knew? Couldn't stop talking about how useful they are as creatures. Because you can brew potions from their blood? No. Because by eating rotting corpses they prevent epidemics. Hm. Did he know they eat the living as well? No. Really upset him too. His theory collapsed. Of course, not exactly going our way. We have a side. The northern realms. We're out of its realms, don't you mean? Tamaria and Edrin are no more. We're out of its pledge to restore the old portals as soon as he wins the war. Believe that. Gotta believe something. That's what keeps us going.


So, good afternoon class, now we are going to start next topic that is types of cells. In order to understand that how many types of cells there is basically two classification. So, first classification which we have to study is on the basis of number of cells. What is the basis of classification? On the basis of number of cells. Second classification based on presence of nucleus as well as cell organelles. So, there are two places on the which you can classify the type of cells. So, first is on the basis of number of cells. So, in this basis we have two types of cells. First is unicellular and multicellular. You know these things, it is very easy. Unicellular, uni means one cellular means cell. So, those organisms which contains only one cell. For example, amoeba, paramecium, write down in your notebook also so that you can remember the name. Luglina, hemidomonas and many others. These are those organisms which are single cell organisms because they have only one cell that is known as uni cellular organism. Second is multicellular means more than one cell. So, it can be plants, animals and then as fungi also. So, always remember this multicellular which contains more than one cell. It means all the cells of this multicellular are arise from uni cellular. It means if there is one cell, this is uni cellular. But when you get divided into two and this two once again get divided into two, two then hopefully it will make four. So, from one cell four cells are formed. So, this is uni cellular but this four is multicellular. So, all the multicellular organisms are derived by the multiplication of the uni cellular. It means one cell, it is uni cellular when it gets divided it converted into multicellular. So, plants, animals and fungi are the multicellular animals. Now, second category on the basis of which you used to categorize the cells is presence of nucleus, presence of nuclear membrane or presence and presence of cell organisms. So, on the basis of this they are studying two types, karyotes different from uni cellular, multicellular. Pro-karyotes first of all keeping in mind they are primitive. They are very simply the starting phase or they are the simply starter when the type of cell was there. Then these are those cells which are the starting simply originating. You can say first phase of the cell. The pro-karyote means primitive and the eukaryotes advanced. Why did advanced? Because it is having much more features, much more characteristic as compared to pro-karyotes. So, pro-karyotes are primitive eukaryotes are advanced. Second point which we have to study in pro-karyotes is that they does not have nucleus or if the nucleus is there it will be not well developed. It means it will be in the diffused form. You cannot simply see in the microscope and say that this is the nucleus, it will not look well organized. Next there will be no plasma membrane and the last in this the cell organelles means the organs. You can say the bodies that is present inside the cytoplasm inside a cell that is known as cell organelles that have some structure and function and they will do different type of activity so that the cells can perform their basic metabolic function that is known as cell organelles. So, cell organelles is also not well developed. It means it is underdeveloped. No plasma membrane and one more point you can add cell organelles are not well developed. Next is eukaryotes. Eukaryotes means that is advanced. Now, how can you understand between primitive and advanced? Suppose there was a mobile phone before few years that was not having camera, does not have you can say Bluetooth, radio and all these features were not there. Basically camera was not there but that is you can consider it as a primitive because it was a starting of the manufacturing of phone. So that was the first mobile phone with less feature that is known as primitive. But as year after year there was advancement, there was some addition of new features like camera and nowadays there are so many cameras, very good magnification power and all these things. So many like Bluetooth is there you can talk using your earphone. Earphone is also a kind of advanced feature. So, simply you can understand the thing that is having less feature is known as primitive that is a starting and those who have that better features they have the across most of the qualities that can meet the human need that is known as advanced. So, eukaryotes is advanced cell prokaryotes are also known as prokaryotic cell and eukaryote is known as eukaryotic cell. Basically prokaryotes are the organisms which has prokaryotic cells means primitive cells and eukaryotes are those organisms which are advanced type of cells. So, next in eukaryotes you can learn nucleus is well developed. Second, nuclear membrane is also present. Third is cell organisms are also well developed. These are the advanced feature and that is why eukaryotic is known as advanced. So, I think you understood the difference between prokaryotes and eukaryotes. In next video we will study about the cell shape, cell size, cell number and cell volume that how many types of cell can be on the basis of this cell shape, on the basis of the size, on the basis of the number and then on the basis of volume. Basically number you know this UD cellular and multicellular which we discussed before. So, thank you.