My name is Rupa Jitya, I am studying Agricultural Engineering. I have done the course Introduction to Data Analytics in LVD. I find the course very useful. There was no source for me to read about analytics and stuff, so that's why I started taking this course and I found it interesting. So I have given the exam and it covers almost all the topics, basics of all the topics used in analytics.


Next group, move up to the clearing barrels. It's vitally important that every soldier qualifies on their primary weapon systems because even though it sounds cheesy, every soldier as a rifleman is such an important concept. Yesterday we went out to the range to qualify with the M4 rifle. We started off with a zero range, went out and made sure that our weapons were functioning properly, that the sights were properly aligned, that our optics were functioning, and that we re-familiarize ourselves with the weapon and how to keep precision strikes on the target. We were using pop-up targets, and so you'd have multiple pop-up targets at one time. And with the new firing tables, one thing that's different is having to transition mid-firing table or mid-iteration with positions and then having to do a magazine change. Some of that is different compared to the old firing table. Consistency. I think consistency is the key. Whether you're practicing just a basic qualification, whether you're doing any kind of special firing table such as the MEC or night firing table, consistency. Doing the same thing every single time. If you can be consistent, that's going to lead to success.


Hi. So, I'm going to talk about how Docker can change Rails deployments, but I wish I could have prepared for how emojis could change Rails deployments. Might have been better. So, my name is Christopher Ergiger. I'm Krigor on Twitter, and I work for Engineered. I'm the support manager for Asia Pacific in Europe, and we make panda balls. This was in our booth at Rails Conf recently, and this is our booth, baby. So, if you want some panda balls, you could have some later. Just approach me. So, how do we currently deploy Rails applications? Last week, I just edited, you know, SSH manually on my server and edited some code and restarted the server. So, kind of, my face was kind of like this. So, please don't do that. So, currently, we use Capistrano. We used this for a long time now, and until now, we still use this. When you create a new release, when you want to deploy your code, you create a new release, and you create a new directory, and then you point current to that. So, that's nothing new. That's the Capistrano way.  So, talking about VMs, this is, for example, your physical server, and then you have your host OS. And then, if you have, you know, servers on Amazon or on digital ocean, you are paying for a VM, then someone else could be using the other VM on the same server. So, going, you know, looking into the VM, it has its own Linux kernel operating system, and then you would put your Rails application on it. So, the current same link earlier, the releases are all inside one VM. So, another look is, you'll have your physical server, you'll have your own OS, and then you'll have your VM, which could have its own OS. Okay, and then another look at the VM, since you have your own Linux kernel, and then the kernel has features like namespace and control group, which actually allows you to build, to start containers, multiple containers inside a VM. So, this is only for, I mean, talking specifically about Linux.  Then you might be thinking, well, can I have more containers on top of those containers? And then, well, another look at the containers, your set of containers. So, you're not the first to think of that. So, you're still smart. So, they call it Docker reception, Docker in Docker in Docker. You could do that, but I don't see the big use for it, so we won't talk about it. So, again, under VM, if you want to start playing with containers, you could have just one container inside the VM. So, just start with one. And what's the advantage of that? Well, you'll have everything inside a container. So, if, for example, if you want to use a specific Ruby version, you could put it on the container. And then I was just talking to Sam, he said that this course is actually deployed using a container, so a Docker container. So, you put everything inside it and then you could put it on your VM. And what's better is if you want to move it to a different VM, you could just, like, move everything all at once. So, if you have Rails 2.3 in there, or we have a customer who was using Rails 1 until maybe a year ago, you could maybe just stick it on a VM, then just forget about whatever is inside. So, another interesting thing is you could have multiple containers. So, here you could have, you know, a Java application on the same VM. Yeah, on the same VM, but on a different container. Or any applications, really. So, but we're more interested about Rails deployments. So, what you could do is create a container with your new code, but put it, so, instead of putting on a separate directory, you put it on a separate container. So, then your load balancer could just point from the current container to the new one. So, instead of just updating and updating your current VM, you're now creating containers. So, your unit becomes the container instead of those directories. So, what does Docker look like? If you have this Docker file, you could use a base image. Here we're using Ubuntu. And then there are also base images with Ruby, for example, so you don't have to install anything. You could just say from Ruby. But then if you have, so this is from a spree installation, then you could still run up get update on when building your Docker image. So, here you would see that you would run bundle install, which you need when you're running Rails application. And then your command is Rails server. So, to build the image, you just pass different run commands and the same thing. So, you can also use the CMD option. So, why use Docker? Because they have different tools around it. They have Docker Hub. When you create your image, you could save it and retrieve it from Docker Hub. So, it's like GitHub, but for your images. And then you have other tools like Docker machine if you want to provision your VMs and it's not all perfect. You have to worry about logging. So, now that you don't write your file system, where do you log? So, these sort of problems. So, introducing days is a platform that uses Docker. So, if you want to try Docker, but you find the tools that are not enough. So, what's more important here is it uses Git push days master to deploy, which is, yes, this is based from Heroku. So, it's actually like your private Heroku. So, after you Git push days master, days would just handle the containers for you. So, if you want to talk more about duckers and days, have stickers for ducker days. And for underwater Ruby, and RubyConf.ph, so I organized that. So, talk to me about that later on. Thank you.


Eight passive ways to make money without a product. Now, if you've been trying to figure out ways to make money online and you don't have a product, this video is for you. Because in this video, I'm gonna show you eight ways you can make money 24 seven. You don't need to invest any money in inventory whatsoever and we're starting right now. Hey, I'm JR Fisher. I appreciate you visiting my channel. If you're new here, do me a favor and subscribe. Hit that subscribe button down there. Hit the bell. Turn on bell notifications. My goodness. If you turn on bell notifications, you'll become part of the family, the Fisher family, so that every time I do a new video, I will notify you. You don't have to go searching for it. You won't stumble on it. You'll know because I can tell you about it. So don't forget to do that. In addition to that, I have a $97 e-commerce course. I wanna give it to you absolutely free, okay? It's gonna be in the description below. Just click the link and learn no credit card required. Now, have you been questioning how to make money online and you don't have any products and you don't wanna look for products? Put your comments below about what you've done or what questions you have about it. If you've been successful with some other methods, put that below too, cause that'll help other people. Now, I've been selling online since 2009 and I've sold millions of dollars worth of both digital and physical products. And I've learned a lot of stuff along the way and on this channel, all I do is I share it with you. I help you start, run and grow your online business by doing these videos. So enjoy the videos, take the information and make some money, okay? So let's go ahead and get started right now. Let's take a look at the first way that you can make money online without any products. Now, here's the truth. Making money 24-7 while you sleep, while you're at the beach, while you're at the movies, while you're eating dinner, that's a pretty cool idea. And it is passive and I know it works because I've done it, however, nothing's truly passive. And what I mean by that is that you have to do some work up front to get that passive income going. So you can't just sit in your chair one day and all of a sudden money starts coming and it doesn't work that way. You've got to put some effort in up front. But once you've done that, there are some truly passive ways to make money. So let's jump right into that right now and we're going to talk about the first way. The first way to make money passively is a professional spokesperson. Let me ask you a question.  Would you think that's a good deal? I mean, I do and you could actually do it. Now, I'm gonna show you where you can do it. Let's run over to Upwork right now so I can show you how that's done. Okay, I'm at Upwork right now and I wanna show you how you can actually make money by just being a spokesperson. Now, there's all kinds of jobs on here, guys. Web development, mobile development, all these things. But I'm gonna just put in Spokesperson right here. Okay, so I put in Spokesperson. Now, here's an interesting thing right here. You're gonna see all these people who are offering their services, okay? And this person here is a video production on camera talent. This guy here is a Vancouver expert in financial management content, specializes in voice talent, all right? And let me see here, voice talent. And they range, like this guy's $30 an hour. This guy here is $300 an hour. So let's look at another site too and I'm gonna go over to Fiverr. Okay, I'm at Fiverr and I'm gonna put in Spokesperson and we've got Spokespeople in here. All kinds of different people. I will be your Spokesperson as Elmer drinking coffee this guy has something going on here. So he's devised this, starting at $40. This person here, Spokesperson Video and Chatbot will make Spokesperson Video and Chatbot for your website. This person here is starting at $35. This is taking a look at hers right here. So I'm gonna click on her profile. Okay, so I'm signed into my account here so I can just look at some of the stuff you probably are gonna have to set up an account. So what she's got here is film up to 50 words, okay? Office background, 1080 HD. Now I want you to think about this 50 words thing. We speak at about 120 words a minute. So 50 words, she's talking like 30 seconds. She's gonna make 35 bucks, okay? And right here, I wanna compare the packages by clicking here and she's got her basic here which is basically a video and a background. That's what she'll give you and it takes seven days to get it and she'll charge you $35. So that's about 30 seconds worth of work. This one here, film up to 150 words. Now we're talking a little over a minute, maybe a minute and a half. And for that, she'll add a logo to it, she'll overlay some text and she'll put a custom outfit on, okay? And I'm sure there's certain picks of outfits that you can get. Two days, if you want it sooner than seven days, she's gonna charge another 50 bucks. And then this one here is $145. Film up to 250 words, office background, logo, text, music, intro, professional attire. That's $145 and she'll give you two revisions here. This one here was one revision. This is one revision in seven days to get it. If you want it sooner, two days, $50 more, okay? And this is the number of words. Now if you change the number of words here, it's gonna change the cost. So if I put this in here, it changed the cost. 400 words, it's 175. So if I put a thousand words, this is now two of us, 10,000 words. This is $295. So you can see how she's got this set up. And you can set this up too on five or yourself or you can go over to Upwork. And we saw them there and how people charge there. This is 20 bucks an hour, 150 an hour, 125 an hour. Whatever you wanna charge. It doesn't take you doing too many of these to make a few hundred bucks a day or even thousands of dollars if you want.  Now the next thing I wanna tell you that you can do to make money online is Udemy. Let's go on over to Udemy right now. Let me show that to you. Okay, I'm at Udemy right now. Now all Udemy is, it's a website that people purchase courses on. So if we, let's just take a look here. Categories, we'll say what do we want here? Your design, okay, let's say you're good at design. You're a good website designer. So if I click on website design courses, you see this one's 1099, 1299, 1499. There are hundreds of thousands of people who come to this site and look for all kinds of different courses. You can see this guy here. He's got 188,000 students that have bought his courses. Now you multiply that times 12 or $14 and you can see he's into the millions of dollars which is not bad, okay? And you share a portion of that with Udemy.  It's really that simple. Now you don't have to do a fancy course. I mean, you could do a course on your screen capture. You can do a course on your cell phone. It's really up to you as to what you wanna do. Now the next thing I'll tell you is you can do an e-book, okay? A lot of people love to buy e-books and really the shorter the better. You don't have to write a 300 or 400 page book. Nobody wants to read that. A 40 or 50 page book is just fine for an e-book and if you don't wanna write the e-book you can actually go over to Upwork and have somebody write it for you. Let me show you that real quick. So I'm back at Upwork and I'm gonna type in e-book right here, okay? And most of these are by the hour but you know, this is 55 an hour, 35 an hour, $27 an hour and this person specializes in let's say ARGS writing, audio, video, web design, that type of thing. So you just find somebody that is doing something that is similar to your niche and they can actually write the book for you. Pretty simple stuff. Next up on my list is a membership site. Membership sites are awesome. I have membership sites. I built them inside Cartra. Cartra is the software that I highly recommend. If you look down in the description there's a link to Cartra. You can watch a free video on it and if you wanna get it there's a $1 trial, it's really super. But you can set up a membership site where people go through the different modules of what you've done and I have several courses like that and I charge like $27 a month or $97 a month. And at $27 a month you say, well that's not much money, JR. Yeah, but what if you had a thousand people paying you $27? That's $27,000 a month. That's a lot of money for most people. And when you have a lower price one like that where they're paying monthly, the odds of them quitting, you know, paying for your course are not real high because they are paying a small amount of money. They don't mind so much. They're like well I'll get back to that next month or the next month. Now if you're charging $295 a month it better be a really robust course because they're not gonna stay in that course very long. But you know $19 a month or $27 a month having a course like that can generate a lot of money for you. Now the next thing you can do is actually if you're good at photography, you like taking pictures is sell them to some of these photography sites.  Photolia is one of them, let's check that out real quick. I'm at Photolia right now and you can see all the different kinds of pictures that people have uploaded in here. Now you do want to have a high resolution picture because the high resolution pictures actually cost a little bit more and you'll make more money on them. You can also go to something like Shutterstock right here, let me get this out of the way. At Shutterstock, they have all kinds of pictures here. You have footage right here, let's see what we've got. Footage, home curated, all the different. Let's take a look at some of these different categories. Let's take a look at this one here. So we've got entertainment, news, sports, royalty. Whatever you want, you can take pictures of and actually sell them on here by listing them on Shutterstock. The next thing you can do is make videos on any subject that helps people out or entertains people and put them on YouTube. And this costs you absolutely zero on YouTube. And once you have enough subscribers, you're gonna need 1,000 subscribers and 4,000 hours of watch time on your channel. But once you do that, you can actually monetize them. People will actually pay money to put ads on your videos because people are watching your videos and every time one of those ads plays on one of your videos, you actually earn a living. Now in the beginning, it's not much money, but it builds over time. And this is a long term game. This isn't a quick one like some of the other ones, but it's long term and it will be there for a long, long period of time. You could have money coming in. Some YouTubers make hundreds a month or thousands a month or tens of thousands a month. It's crazy the amount of money you can generate from a YouTube video. Number seven, the next thing you can do is you can actually offer a course on your videos on YouTube. And you can do that right below. You can say, hey, in this video, I'm gonna teach you X, Y, Z and below you can actually get my course, click the link below. When you click the link below, you can actually have them go to your Udemy course or your membership site or whatever you have that you wanna sell as a course. And number eight is offer free downloads on your YouTube videos. All you do is go down in the description, put a link down there to a free download. It can be five steps to lose seven pounds in seven days or whatever you want it to be. Anything that's helpful to people, put a download there. Now what's the purpose of this? The purpose of this is to get them on an email list. Once you've got them on your email list, now you can email them, your course, your products, whatever you're selling, and you've built a free list by using YouTube and your videos. Now, which one of these things do you think you're gonna do, okay? Are you gonna do one of them? And if so, which one do you think is the most helpful to you? Please put your comments down below and let me know what you thought of this video. Give me a thumbs up if you like it. If you have questions, also put that in the comments below. Don't forget to grab my $97 free e-commerce course in the description below. You can get that absolutely free, no credit card required. You just click and learn. Don't forget to subscribe. Have you done that? Do that right now. Hit that button. Hit that button down there. Subscribe and don't forget click the bell next to it. Turn on all notifications. That way you become part of the Fisher family. I can notify you personally every time I do a video so you don't miss out on anything. That's awesome. Don't forget to do that. I hope you enjoyed this video and I'll see you in the next one. Hey, thanks for watching my video. Don't forget to subscribe to my channel and click that little bell right here so you can be notified every time I do a new video. Also click on one of those videos there and keep watching on my channel.


We've got some many split here. They're nice for certain situations, but I don't know I just don't like working on them because they're kind of a hassle. It seems here's what I've noticed so far. My lines are not really Temping at all sounds like the compressor is cranking along. I don't really feel any major heat coming out of it It's running on the inside And it's just right there literally on the other side of this wall It's kind of warm over here So it's hard to tell if that's actual heat coming from the unit or if it's coming Just off the wall going to get the gauges out and see if it's got a refrigerant issue or what It's not really cold at all Something's odd going on I'm wondering if it's a leak Lot of oil on that there I noticed seems like more than just what you would have spread on it. Oh That ain't good It's a bitty spider goes up the hose Damn negative 10 At this time we're going to I don't know I about feel like cracking loose the flares because there's they're almost always the late source What sucks is that very easily could be on the other side inside Feels like it's on there fairly tight probably cranked on with a 14 foot wrench. Oh Come on really I Didn't even hardly turn it Yeah, I don't think this one got flared very good If you've got a problem there Chuck That could be a problem. You've just lost me on all flare joints now. I was just good. Just take ease off. I See something like that. You've just lost me at. Oh, oh That one looks like it was somewhat done, right? So did we just maybe kind of get it close and then forgot that they didn't do it? I mean what's What exactly is the story here? I Don't know. I Mean I feel rough edges. So it didn't get oiled. I can about guarantee you that Makes me want to just go ahead and chop it off redo it But I only got so much line there to work with so my master cool eccentric kit, and that's the part number there Not a fancy tool kit the burning tool Cutter nice simple flaring block Where I screwed up and punctured the wrong side twice Missed on that one and wrong side on that one But it does a good flare every time. It's a centric old meaning it wobbles it not rocket science been around for a while They say when in doubt cut it out Just cut this little piece off here. I'm just start over unfortunately, I Really don't want to hank it off the wall to know this because honestly I don't have the tool to hold the thing unit up there, and I don't have anybody helping me There's that Guys, it's just very basic right here.  I did not like it at all And then the Hillmore's got a nice one. It's got a little finger thing that kind of Helps you get it perfectly flat because I played with this particular tool multiple times And tried it flat not flat a little bit over because my old tool used to have to go over a little bit and Not so much with this one, so let's get this thing lined up kind of awkward where I got it at Got all this rubber crap in the way. This is how you end up screwing up your flaring block There we go got the stitches out So that's kind of nice Let's go ahead and some people might oil it I'll do that when I flare it, but I don't really do it when I'm Alright, I'm flaring it when I'm actually tightening it down and then it should pop right there Here it click I quit doing its thing, so this is not Anything new for some of those out there but obviously And it looks like I might have moved a little bit on my flaring ball out so I may have to straighten that out a little bit and choke it up a little bit and Get it Looks like you might have got it. Yeah, it actually looks like a Pretty nice 45 degree flare to me The essential pouring help the purpose of that is to slowly round it out versus my old Yellow jacket that still works great from 90 something just go straight in there and got this right here Let's see how it fits up on that Look at that. Look at this potatoes. See how the head fits perfect on that flare Yeah, that's what it should be Let's go ahead and get some oil on that or we can put some nylog Which nylogs bad it'll cause it to leak. I Don't believe that so we're just gonna put a little nylog on the backside And we're just gonna rotate that a little bit so that it spins on it Now you could put a little coating here on the face surface so that It smooths out but some manufacturers says no no now don't do that This one here put a little bit on that one same thing pulled away a little bit spin it Look at that fancy Nancy now the Face of that brass a little funky like a monkey Let's give it a little kiss here and see how this goes. I'm gonna put this on with another video I did it was the same freaking thing. So anyhow, let's get this thing on there Which like I said that one You know what that one there if you look at the flare It actually mushrooms out past the head a little bit. So I'm gonna go ahead and cut it I'm not gonna deal with it. Um, once my name goes on it Because I just seen some posts today somebody seen a wire sticking out of the top of a Condenser and I don't know what you guys are charging to fix stupidity, but Generally if you got the wire sticking out of the unit You're gonna charge them that much money that they have to think about fixing it Doesn't take anything to tie up the wire. Yeah, look at that. I'm sitting there trying to do that and it's It's not even wanting to work on that flare barely fits in my pocket on it That's a little goobered Even if you wipe the goober out of it. I mean, it's not horrible, but you can see some scarring in there I'd be afraid that's gonna cause it cause a leak and Most of these many splits do not have any filter dryers in them and it's gotta be clean Gotta be clean captain clean There we go Hopefully I can get the tool in there because that's hell of a bend They would have used a bending tool it could have got right in there unfortunately We have to try to wiggle this thing back Make some room the block and everything to get on there It might be as good as I'm gonna be able to get it. I don't know because it's gotta Get through there. It's not what I like to do. I don't know how I like to do it I'm gonna have to loosen it up Try to slide it on eyeball it All because we got goober tiff goober goobertistic going on here No reason for the goobertistic See if we can eyeball that while it's inside the thing. That's the only thing bad about this device now, hopefully I can get it out once I got the Freakin thing on there. I may not be able to that would suck Let's go ahead get that there There we go Looks flush and flat to me Yeah, one you can actually hook on your drill Always go a couple extra turns make sure it's completely rounded it out my own personal preference You're not gonna hurt it any because it's not compressing it Yeah, it's gonna be Really tight to get it off here.  So if you drop it it could possibly damage it But so far it's been good enough. I don't use it that often And because I don't use it that often I take the batteries out of it because Last thing I want is one of them to corrode Screw my tool up Oh, that's the reason why I have put a nickel in there for a reason that nickel fits perfect into that groove And I use that marker there to kind of mark where On the cap you need to put it out before you lock it into place So you kind of We shouldn't turn a little nickel works out great And since I've already got this programmed three eighths Is 27 pounds so we'll do the memory until we hit 27 pounds There it is let's go ahead and do this three eighths you can see the you can see the Bar graph they're getting closer and here the audible Okay, we're good there on that one jump up to the Seven eighths I mean it says seven eighths but really it's closer to three sixths I don't want you to call that because I can go much bigger That one there I'd say is closer to three quarter and because that's really five eighths copper But it says seven eighths here because that's plumbing fitting. I bet you let's go with the Five eighths, which is 55 foot pounds I just have this funny feeling it's not The bigger one there we go Do one more times double check it really did not reinforce this thing very good Okay, we're good Now unfortunately do we go inside And check the inside stuff It appears to me that it pops through the side of the wall We'll hop on a ladder. We'll get up there and see if it's punched through. I think that's what it is Unfortunately, I don't trust it. I'm gonna go ahead and take these apart and double check them So there's the drain line It kind of just a little bit kind of It's into the Drainpiper that one looks better Maybe there's just a mistake made down below a little bit there and Smear on the back side. That's that's the part that really does the work You know They get a little little smoosh because as that smooshed up against there, that's right smooshed Smooshed is a word here in the north. It's got to Smoosh it together a little bit I guarantee you this much. It's better to have some nylon on there to have than it is to have no oil at all I guarantee you that you can take that to the bank and Deposit it Yeah, that's one of them ones right here. I don't know if I trust that I've done it both directions. Yeah, I don't like how tight it's getting. Yeah Something tells me that was damaged Yeah, that was damaged It's not tightening up correctly Something's not right with it. Let's just put it that way I don't know if it was crushed. What exactly's going on, but it ain't working So it's new guys Here's exactly the reason why we've got that little groove right there So you can put that flare fitting right there It's good cut this off and we'll redo it which Luckily, it's just right out here. It's one of the easier ones I've seen. I don't just jackery That's got jackery to it and then this backwards a little bit so we don't get the flare or the shavings in there Yeah, guys, this right here is the dj osmos action camera I've had way too many problems with gopro gopro is garbage. They are constantly Overheat shut off lock up I had all kinds of problems with the seven and i'm here in the same problems with the nine If you're in the iso higher than 1600 you will get snowy picture Like uh, you'll get what noise in the picture, which is what they call it That there is a beautiful flare It's what's nice about this tools, you know any Tim the tim dick harry and bob can freaking get a good flare If they just follow the normal procedures now. Yep there I I usually make a mistake and forget to put this stupid nut on there but we've got that Juiced on the back side We got a little smidget on the flare head Let's go ahead and get that back together and see how that does now That's 22 pounds. I'm stopping there. I really don't want to jack with this at all. I really really really don't Now it looks fairly okay. Put a little lube on the back side of that nut There we go. That's the way I wanted to do it That's why we're going to do it. Yeah, we'll fit on there like that just got to do Pressure test shut make sure There's no leaks Yeah, she's hotter and cooked goose Rainer hot and no protection ain't that pathetic This thing wasn't smart enough out of all the things it does wasn't smart enough to protect itself from running in a vacuum Not very impressed You got discharge sensor here that had it been hotter and heck it should have known that that wasn't right Ridiculous got outdoor sensors all that crap and it didn't have any idea I'm not seeing any other ports in here I'm Just worked on one of these not too long ago and freaking didn't have one Usually they hide one in here. This one's actually got an inverter board though. The other one didn't have one Pump pump pump it up a few times. I actually pull one hose I usually don't like it, but it's all we can do today This will put it like that Got my plug all there so people can complain about it. So we call widow maker I actually got a fuse in mine got the light there so I can actually tell whether it's 120 or 240 or 277 Been using it since I started. That's how everybody did it when I started. I have yet to blow up anything Uh, the only thing you can screw up is when you get into the bigger commercial stuff and you're on 460 and you aren't paying attention And uh, you hook on the one leg into ground and you're going to get 277 in your pumpy and it's going to go smoky She's a drop in which is a good thing We get past some of the glare there We'll let this thing run until we get to the happy zone and uh, we'll recharge this thing back Which it looks like it holds 5.73 pounds of r410a at least it's uh current refrigerant This is a heat pump Got some reversing valve right in there So we got to make sure we get this back insulated up. I don't want to lose any heat out here Cruisin on down To the valve off just to see if she kind of holds where she's at and see how much valve fast it goes back up It's already slowing down. That's a good sign better do this thing You can see a big difference between Pulling on a compressor and just a line set. We're at 16 minutes 15 minutes And we're just at 600 500 ish area Then all of a sudden the compressor lets go of a big refrigerant bubble That's trapped or moisture bubble. It's in the oil and You know as you valve it off there you can see why it doesn't matter that you pull it to 500 It's whether you stay under which has been preached multiple times with there's a lot of people out there that still Don't realize that so I think that's reason why we still mention it quite often Yeah, there's thousands still rising up This thing sucked in moisture. Unfortunately, like I said, they don't run filter dryers on these They must have miracle oil in it or something Because uh, there's no way to dry it out and uh vacuum pumps only gonna get so much of it Have a feeling we're gonna stall out.  Everything's tucked in Uh, it should drain into that pipe now. I got it wire tied over to it So it can't move away the pipe comes down to there. So that's draining out down there which Is good. It means it's passed all the other stuff that is some funky looking.  It's been corrected. We're getting your vacuum. We're gonna recharge these people back up and going We're at 30 minutes down to 300 Give a little turn get the stuff out from under the ball valve and see whether it holds very good or not Much better than what it was, but it's still rising up rather quickly And it blows past the 500 magic number At five microns a second lost So we'll have to get this a little bit longer. It comes out to about five pounds 11 ounces area So we've got that weighed in We need to Let it set for a little bit since we had to dump liquid all in there Give it a chance to boil off and then uh We'll kick this thing on and see whether or not she runs which it should Because it was pumping really good and a nice negative like it was doing And as always made sure not to remove our schrader core tool Before we got pressure in it By a good vacuum gauge. It don't matter if you get pressure on it I haven't even had an oil log symbol on that thing. I don't but maybe once if that It uh, definitely a quality difference I've never had any problems other than one one failure after about what eight years It finally started acting up and uh The owner actually took care of it and fixed it for like 35 bucks completely Rebuild it for me. So that's got something to say about the company. That's a good company Can't say he'll do that on everything but he took care of me and not knowing, you know, I didn't And say who I was or anything like that. I just said hey I uh Love your tool and it's got problems and what can you do for me? and uh That's what you end up doing from what I heard. I found it on the on the Forums that's how I found out about it. And uh, that's how I decided to buy it because people had said he had done that before Whether he wants to have anybody know that or not. I don't know but all the same I think it's a testament to the the way he backs his product, which I'm pretty impressed Are there she blows I don't think we're working on 134a. So let's go up to 410 55 evap and dropping Give her a little bit here and see what it does But I think we might have gotten it nothing uh Reflaring all the flares and uh, evacuating until you got all the moisture back out and uh, recharging it back to factory spec And it works again really don't like it when I see the evaporator dropping that low But I have no control over it. That's getting worse It should be nice to know what the high side was doing But they didn't put a port on for that not overly impressed here. Hopefully it starts to come back up here Like I said, just turned it on Watch and see what it does. I'm pretty sure this was an ex-v 20 degree evaporator Now she's starting to speed up I suspect that you know it starts seeing that cold temperature And it'll try to overcome it. So it's charged to spec This will run it and we'll find out I'm not going to recreate the wheel I'm gonna put this thing back together and uh, we'll see how it does At this point or you nothing more to do with it. I guess we'll find out if it doesn't work Not a whole lot you can do this side of the building is pretty much out of the sun So we're about 90 out here. It looks like And the war temperature is 75 And up there we're at 58 57 56 so 66 76 About 19 degrees, which seems a little low, but it's also on high speed Well, this is one of those things about I don't like about the minisplits Ain't a whole lot you can do about it Ain't like you can hook a computer up to this And tell it, hey, I want you to open up this far. I want you to do this I want you to do that. There's absolutely no control over it. It does its own thing It's got some basics that you can do. I'm just not a fan of it I don't like the way the evaporators get after they've been running for a you know while not being properly cleaned They're great for when you don't have any other options. You don't have duck work stuff like that not saying they're junk I just don't like them I'll take a regular system any day But the moral the story is Do proper flares properly lubricate properly torque And you won't have any problems Other than that, that wraps this one up guys. If you liked the video want to see more like it Give it a thumbs up give it a like and don't forget to subscribe Check us out on facebook and instagram and until next time guys. We will catch you on the next one


approval of the Spot Bitcoin ETF. It's been a wild ride, right? Oh my God, it's been a long time coming. It feels like the last two days has been several weeks. I've just been, if I close my eyes, all I can see is the Twitter UI, just where I've been refreshing and reading things over and over. But it's good to finally have it done and dusted. And now we get onto the good part, you know? We get to see what happens next, which is what we've all been speculating about. Yeah, it's been the same for me. I have been scrolling my Twitter feed for hours already, and there were a lot of false flags saying, you know, the Spot Bitcoin ETF was approved, but it was very, very tough to distinguish like the real approval from these tones of fake news that were going on on Twitter. But we finally got it. Yeah, yesterday was pretty crazy, really, with the false positive and the hack and everything. Today's episode of the Rise and Crypto podcast, that's what we covered. It was just what happened yesterday and the craziness that unfolded. It really, it's so bizarre. And I know it's being investigated at the highest level, but you saw how much the market moved on that news and I think it's going to be interesting to see how that unfolds from this point, you know, what we see with how it reacts now that we actually have the official news out there, whether it'll be the same, whether Ethereum will do as well as it did. I think it's hard to call. Yeah, because actually before we get into actually the historical significance of this event, maybe for those who don't know, who haven't followed closely this event as we have yesterday, there was a fake tweet that came out from the SEC that came, that turned out to be fake. Basically, someone apparently took control of the account, the Twitter account of the SEC because they didn't take the security measures, the proper security measures to keep the account safe and they announced the approval of the ETF, even though the ETF was not approved yet and that caused absolute chaos. Today we are seeing something also a bit weird because the announcement was on the website of the SEC and then it was immediately taken down for some reason. So that was also sparking some doubts that the ETF was actually approved, but apparently it has been approved this time. Yeah, it was only up for about two minutes, I think, and obviously everyone was going crazy, everyone was trying to read the document, download the document, and then the page started 404 erroring. I think it's gone down a few times then, it looks like it's just teething issues. I know there were still some naysayers on Twitter that were instantly saying, oh no, it's another fake release, but I think we saw Bloomberg's Eric Balcanas and James Safar both saying that it looks like the document they expected and all 11 applicants as well, which is good news. Well, I kind of understand why there are still people that are in doubt after all these crazy issues that we saw yesterday, but yeah, let's maybe get into the matter. So the ETF, the Spot Bitcoin ETF has been approved and so why is this historical? It's historical because it's something that we have been waiting that the crypto space has been waiting for around a decade, right?  I think it is almost 10 years since it first started. To be honest with you, I don't, so I joined the space about six years ago, I don't really remember the conversation over the ETF being that prominent back then, but in the last couple of years, it's obviously really heated up, particularly with BlackRock and the Grayscale legal case, which without that, we wouldn't be here today. Yeah, exactly because apparently these Spot Bitcoin ETFs were constantly rejected across all these years and only this year we had something moving that was very important, which as you said is the filing by BlackRock, which sort of was the watershed moment, right? It was sort of the watershed moment that everybody was waiting for. I think that Robert dropped off, but he will join me in a second. But yeah, so for those who don't know, basically, hey, Robert, nice to see you again. Let's talk about this. Just wrapping up, I was just trying to make people understand why this BlackRock filing that we saw a couple of, a few months ago, was such a watershed moment for this all Spot Bitcoin ETF saga. Do you have any thoughts on that? Well, they don't miss really, do they BlackRock? I think they've only ever had one rejected and tons and tons and tons approved. So they're a pretty strong indicator when they apply it, it's gonna happen eventually. But I think one of the big fears was that it wouldn't happen this time round, like we're still not there, even if it was gonna happen eventually, how long? And I know some people were doubting that we would see the approval in January, we'd see it today. So I think, yeah, BlackRock were, as always, integral in this sort of major move. But I think it's probably, for me, it's a dead heat between them and Grayscale in terms of how we got to a Spot Bitcoin ETF. Yeah, because now we're gonna have this competition going on, right? Among all these different usures that were approved altogether, and they are all gonna compete with each other in terms of who has got the lowest fees, as far as I understand, that's gonna be the main differentiator, right? Yeah, and that fee war has already started, really. So I thought that yesterday's S1 filings were sort of finalized for now, and that was how the rates were gonna be, but then we see today that there's been revisions to the rates a lot of the issuers were very high on their rates and had no waiver, have both lowered their rates and added a waiver, and some of them have added the 0% waiver for six months or $1 billion or $5 billion in BlackRock's case. So I think that war's gonna be ongoing, but it's certainly gonna be interesting to see how the next few days play out because it moved so, so much in 24 hours. Yeah, although to be honest, I am pretty surprised to see the price reaction that we are, the price action that we are seeing right now. It seems that the cryptocurrency that is getting the most traction is not Bitcoin, but Ethereum for some reason. Have you noticed that? Yes, I have. So this happened last night, and it was a bit, it caught me a bit off guard that Ethereum was the one that was getting the gains, and then people said that because that happened last night, the market had showed its hand and it won't happen again. Apparently not, apparently it is happening again. Yeah, and we're gonna have probably a market analyst on our show very soon, that who's gonna give his expert opinion about what actually is going on with the market movements here, but we can certainly say that regardless of the short-term price movements, the long-term effect of this is gonna be massive, right? Well, you'd think so. I mean, I don't have some extensive background in finance, but if you look at the obvious facts that we have, the increase in supply, sorry, the increase in demand is going to be massive. We've seen estimates, I mean, there's been a lot of estimates, but the one I've seen from the most reliable sources seems to be between $20 to $30 billion of new money into Bitcoin. And then in April, we have the halving event. So it feels like the two sides of the equation are both moving in the right direction for Bitcoin's price, but it's so difficult to say with these things. And I said on the podcast last week, I think, that I think there's gonna be some unknown curveballs that just occur as is often the case with crypto. Yeah, it's actually crazy that we're gonna see the Bitcoin halving coming up in a few months, in a couple of months, and it seems like the perfect storm, right? Like the perfect storm of supply and demand shock that is supposedly going to drive a huge price action for Bitcoin and the whole crypto market. At least that's what it seems to say the logics, but of course, we cannot say for sure what's gonna be the effect. But I think this is the way to start a new bull cycle. But yeah, what I wanted to actually discuss is also the sort of ideological aspect of all this thing because let's actually let's get to explain how the spot Bitcoin ETF work in practice. I think we are being joined by Sam. Sam, how are you doing today? I'm relieved it's all over. I mean, it's been quite the week. And yesterday was, I couldn't even believe that's even real what happened yesterday. I mean, if I were a script writer in a movie, I wouldn't write that script, it's too obvious. Like, who's gonna believe that? You know, on the day before it was supposed to be approved the SEC from its original Twitter account tweets the approval, but it was hacked. But we live in the world of crypto where up is down and down is up. So I'm just relieved that it was approved and we can go about our business now moving forward. Right, and I guess it was pretty stressful for you guys from the news team to keep track of all this, to keep the pulse of what was going on. Yeah, you know, it's been up and down and this has been in the pipeline now for a long time. Everyone was zeroing in on January the 10th and I'm glad that the speculation turned out to be true. It seems like along the way we got more confirmation that it was gonna be approved, but yesterday it was definitely a curve ball, that's for sure. Yeah, and actually I wanted to, I was just about to discuss the actual, like how this spot Bitcoin ETF will work in practice, just like the basics for people that are following us now and they don't know exactly how a spot Bitcoin ETF work. Maybe you can briefly explain how it works and what's the novelty of it. Sure, so I think many people know that an ETF, the SEC previously approved a Bitcoin futures ETF, but the spot ETF basically allows investors to gain access to actual physical Bitcoin, although through a fund, but what the spot Bitcoin ETF application does or what the filing does is it allows basically anybody who has a brokerage account, who has a registered account to actually get exposure to Bitcoin. So a lot of us who've been in the market for a long time, we buy and sell Bitcoin, we buy Bitcoin, we hold Bitcoin on our cryptocurrency wallets, we hold it on exchanges, but there's a bit of a learning curve to get up to speed on crypto and how it works. With an ETF, I mean, it's basically anybody can simply gain exposure by buying shares in the ETF. So whether through your financial advisors, whether through an investment account or registered investment account, you can now gain direct exposure to Bitcoin. And this is a big deal because it's believed that this vehicle will allow more investors, the layman, the person who doesn't quite understand the intricacies of the blockchain to gain exposure to Bitcoin. So in terms of mass adoption, this potentially is a pretty big deal. And we saw that in Canada, Canada approved a spot Bitcoin ETFs over a year ago now. And we've seen some pretty steady inflows into that product as more institutional investors, more everyday people get exposure to the, or want exposure to Bitcoin. They can do it simply through a product that they're very familiar with, the ETF. And that's why it was considered to be a pretty major victory for the industry today. Yeah, and what I was thinking though is that now who is gonna buy Bitcoin directly if there is such a product? What is the point in buying Bitcoin directly as we have been always doing? Like are people gonna switch entirely to this format or is people gonna still opt for direct buying Bitcoin according to you? I don't think those of us who've been in Bitcoin for a long time, those of us who are more blockchain natives or who've been in the market for a long time, I don't think we're gonna change. I don't think we're gonna switch. I mean, you may, I mean, there's certain countries, for example, that provide tax benefits for investing in retirement plans, for example, 401K, RSPs, et cetera.  So maybe for some people, they'll start allocating some of their money towards Bitcoin funds in a tax deferred account. That way they can grow their exposure to Bitcoin in a tax-free way, that might be a possibility. But I think what this is gonna do is it's gonna potentially attract more people to the asset class. You're obviously, you're not holding Bitcoin outright. I mean, people who invest in the ETF aren't actually holding physical Bitcoin, they're not storing physical Bitcoin, but they're getting exposure to the market. And the idea is that these funds grow in size and demand for the ETF shares grows. The fund issues will have to acquire the physical Bitcoin to make it happen. So I don't see people who've been in the market with the Coinbase account, crackin' accounts, rushing to the ETFs. I know I don't really have any plans to do so, but this is gonna attract potentially a wider audience to at least start considering Bitcoin in a way that's a lot easier to manage. Seed phrases and all that sort, exchange hacks makes a lot of people nervous, especially in the legacy finance system. This gives them a way to gain exposure without having to deal with all that. Sam, I wanted to ask you, obviously you've got an extensive background in crypto. And I've always been a little bit torn on the spot Bitcoin ETF because on the one side, I think it's what mainstream adoption looks like, particularly in the financial sector. But on the other hand, it does feel kind of at odds with what Satoshi Nakamoto envisioned for Bitcoin. You're buying Bitcoin through a mainstream bank. That is kind of the opposite of what he was aiming at. Do you think there's any cognitive distance there? Or do you think that perhaps it's just a little bit blown out proportion and this is what we just have to do if we want to see Bitcoin grow? Well, I mean, that's a really good question. I don't, I mean, obviously a financialized Bitcoin product, I don't really see that as being in line with Satoshi's vision or decentralized peer-to-peer money. So is it at odds? I mean, I would say so. If I own shares in a Bitcoin ETF, what happens if the government comes and confiscates the fund, for example, what happens then? Whereas if I actually self-custody my Bitcoin, nobody has access to it except me. So I think on a philosophical level, for a lot of the Bitcoin purists, there probably is a bit of a tension there. At the end of the day, I mean, the way Bitcoin trajectory is going, and this is just my hypothesis, but it seems to be going more along the lines of a financial asset. Investors are buying Bitcoin because they want to hedge against inflation, because they have low time preference, because they want to invest in an asset that they think is going to continue to grow as adoption grows, as we move from the physical analog of gold to a digital goal. So Bitcoin does have a lot of value propositions, but I think right now it's really appealing to the financial market side, as opposed to the period of your spending side, although there are developments obviously happening on the payment side, but right now a lot of the things that I've covered over the years has been Bitcoin as a financial asset. Obviously investors want this, or else these various fund issuers wouldn't have spent all this time and all this money trying to make this happen. So there definitely is a contention there. I think Bitcoin will be fine regardless. Those of us who are here at the Bitcoin message and who actually want to buy physical Bitcoin, we know how to do it, we've been doing it. What this does is it increases Bitcoin's exposure to more people, and but there is a risk there because not your key is not your coins. Obviously what's being held at BlackRock and VanEck, you don't have direct access to. So there is that risk there. So I definitely think that there is an air intention, but that's just the way things work as you try to achieve more mainstream adoption of these financial assets. Yeah, I think it's an acceptable trade-off for many people. It's just one more option. Like if you wanna self-custody, you can self-custody, otherwise you have this option. So I'm not the sort of purist personally that wants everyone to just follow one path. So I welcome this new option. But I just wanna ask Sam, I just wanna ask you about the price actions that we are witnessing. Are you surprised because a lot of people were wondering whether this event was gonna be a buy the room or sell the news sort of event. Has it turned out that way or not? What do you think? Well, in the immediate aftermath right now, it's been pretty flat. I mean, yesterday we saw some positive movement momentarily before things really went downhill in a hurry. It seems like perhaps the market has priced in, at least for now, a big portion of the approval. I know that the Bloomberg analysts have been saying for months now that are weeks at least that there's about a 90% approval chance. So perhaps we are priced in for now, but it seems like money is now starting to flow into Ethereum, which is a bit of a, if you look at it from the outside, you're saying, well, we approved the Bitcoin spot ETF, now Ethereum is going up. How does that, how do you square that circle? I think Ethereum, if I were to guess, it's probably now gonna start taking shape in terms of price action. We've seen Bitcoin lead the rally, a lot of other altcoins as well. But I think now perhaps Ethereum is gonna start rallying on expectations or on news that an Ether spot ETF could be approved. And I think perhaps by the end of this first quarter, you're gonna start to see a lot more dialogue, a lot more speculation about an ETH ETF. So perhaps investors are already looking onto the next shiny thing, at least for the short term. I know you were talking about the Bitcoin having earlier, the next major catalyst for Bitcoin as far as I see it. We could see a catalyst earlier if we see massive inflows into Bitcoin funds, into the Bitcoin ETFs. But the Bitcoin having, when you cut Bitcoin's inflation rate in half, even if demand stays constant, you give it four to six months and price will start catching up. So for me, I still see 2024 as being a very strong year for Bitcoin. The next major catalyst we can see in terms of inflows followed by the actual Bitcoin having, but the Bitcoin having impulse doesn't happen right away. We have to wait a few months before price starts to take off. So that would be my educated guess having been through a few cycles so far. All right, I see it seems that we have another guest on, Ray, our market expert. How are you doing today? Great, good to see you. Congratulations everyone, if you're congratulating an ETF. Yeah, congratulations guys. It's been a huge success, I think. Yeah, I think Robert had a question for you guys. Yeah, I'll put it to Ray, as you just got here, but it's not a like question, so I'm not giving you a softball to start. But one of the things that bothered me throughout this ETF process is how many of the issuers are using Coinbase as their custodian? Do you see that as a potential problem or are they just the best solution right now? I don't really have a strong opinion on that. That seemed to be between the SEC, the applicants and Coinbase itself, wanting to know where the assets are custodied. So I don't really have a strong opinion on that. If you think about the other custody solutions that exist, some of them have been flawed and we've seen how flawed they were over the last year or two years that they use like rehypothecation strategies to trade with customers' money, that they themselves struggle to secure customer assets, that they sometimes steal customer assets outright and Coinbase doesn't have a track history of doing that since day one. So it does seem like one of the better options that exist at the moment. Yeah, that makes sense. I mean, to add to that, I don't see why Fidelity's been in the Bitcoin game for a long time and have their own custody solution. So I'm not entirely sure why they're not able to take on custody of what will be future client Bitcoin. I'm not sure why that's the case. Maybe that'll change over time. Maybe Gensler will resign and we'll get a SEC chair who's a little bit more sensible and actually wants to work with financial institutions and then maybe we'll start to see some changes. Yeah, I just have a follow-up question on the Coinbase issue. We know that the Coinbase stock was often used as a proxy for Bitcoin. Right now, I just wonder what's the effect of the approval of a spot Bitcoin ETF on the stock price of Coinbase? What's your outlook on these guys? Any of you who have an opinion about it, Sam or Ray? I think it's a positive. Coinbase has a multi-tiered revenue model. So they have their developmental chain base. They have the trading platform. They've got futures trading and derivatives overseas now. They've got a footprint in multiple countries across the globe. They benefit from crypto trading on site and now I assume they make money from custodying ETF Bitcoin also. So I think it's a positive. That stock did a 400% move over the last 12 months, which I think is incredible. It's still trading underneath its IPO price, but I think their revenue model and in the kind of absence of FTX and the absence of Binance, both losing market share and Coinbase being there to absorb that market share, I think that they have a good fundamental case for the stock price to go up over time. Of course, that's not financial advice, but it seems like a strong, fundamentally sound business. They did well during the bull market. So one can assume that they'll do well during this bull market now also if you believe we're in a bull market. Makes sense. We've talked before about crypto proxy stocks. I wouldn't even say it's a direct exposure to the crypto market in a different sense. And Ray mentioned the 400% gains that we've seen over the year. A lot of that actually began, I believe in October late October, as soon as around the time that crypto began to take off. So we'll take a look at Bitcoin's price. Since the fall, it's skyrocket. And I think Coinbase stock has virtually doubled since Halloween. So if we're into a bull market, which I think we are, I think Coinbase will probably do well. I know that it has its run-ins with the SEC, but really who has it at this point? It maintains a license, I think, in every US state and it's well-regulated. So I don't see any downside for Coinbase in that regard. Do you think, I guess it's probably quite hard to answer, but Coinbase has made a lot of its money from fees on the exchange. I know Nate Garacci was saying that because the ETFs are gonna have such low fees, that it could be a bit of a bloodbath for the exchanges. Do you think overall, perhaps Coinbase still comes out ahead? Well, I don't have any particular feeling one way or another about it. I think that Coinbase has established itself as a really strong position in the market anyway. And if all these different issuers are going to be using Coinbase, I think that it'll be fine. Now it depends on how long these fees are gonna be low. I mean, it could be just a way to take market share. I know that BlackRock has been pretty aggressive in their fee structure. I do expect perhaps fees to eventually go back up following the initial launches. But right now, competition is gonna be really fierce. So I think a lot of issuers just wanna get as much asset management as possible and then establish themselves as the leader in the market. And then perhaps we can see fees rise after that. Right, and I actually have a follow up question on that because in terms of competition, I was listening to Eric Baltrunas from Bloomberg who was saying that basically he would bet on BlackRock to be the leader in the competition in the sense that according to him, there is gonna be just one main leader that will absorb most of the liquidity. And that will be according to him, if he had to bet on one would be BlackRock among all those that received the green light today. What's your take on that? Do you share the same view on this? Perhaps Ray? It makes sense, there are heavyweight in terms of assets under management. I'm not exactly sure what the figure is, but it's in the trillions. So they're the most influential moneymaker on the globe, money manager on the globe. Behind that, I think that Fidelity also stands a good chance to also be successful with their ETF. I think these names, both BlackRock and Fidelity have name recognition, people trust them. They're already knowingly or unknowingly invested with them via their pensions, 401ks and whatnot. So that makes perfect sense to me that the biggest boy in the room would continue to thrive. Yeah, I agree. I mean, if you take a look at BlackRock's approval record for ETFs, it's absolutely insane. So for me, the fact that they put their name in the hat several months ago, led me to believe that we're probably closer to an approval than not, given the fact that their track record is so strong. But if you're betting on one horse coming out on top, I don't see how you can complain about BlackRock being it. It stands a good chance, but then again, we'll let the market decide, but that's where the fee wars are gonna be coming into play. Do you guys think that what sort of advantage does Grayscale have by converting the Grayscale Bitcoin trust? Obviously people are talking about, I think it was Eric Balconas who said, they're bringing a volume gun to a knife fight. What do you make of that? I'll put that to Ray first. From what I understand, Grayscale's fee is higher than the other 10 ETFs that were approved. And I'm trying to give an answer that's not biased. I don't have a fantastic opinion of Grayscale. So that's a tough one. What was the question again? I need to look through my bias. So they do have the highest, they have the highest fee by a long, long margin. They've got a 1.5% fee as of this morning. It's changing constantly. People are lowering their fees, but Grayscale hadn't yet. But Eric Balconas of Bloomberg said that they, because of the volume, they are bringing in with them, it essentially gives them an advantage. And I know that there were people calling for them to not be able to bring all of it across straight away. And then that would bring out lawsuits and so on. So I wonder realistically, what sort of advantage this gives them or whether, as we've been saying, BlackRock are just going to dominate as they are known to do. Right, great. Okay, thank you for clarifying that. Let's see how it plays out. Remember last week or earlier this week, there was this rumor that BlackRock had already arranged, had sidelined capital, had people that were interested to the extent of $2 billion ready to go into the ETF, right? That's quite a bit of money, if that's true. So let's see over the next month or two or this quarter what inflows are into all of these ETFs and how sustainable they are. Grayscale today has said that their management fee is higher because they're crypto literate, they're crypto native, they bring the most knowledge into the marketplace and are already trusted by customers. But what people were doing in the past with Grayscale was a cash and carry trade where they would deposit their BTC and lock it up for six months or a year and get GBTC shares in exchange, which we're trading at a premium. So it was a good cash and carry trade. It was a good way to be spot long on Bitcoin, but to also arbitrage the difference between GBTC share price and Bitcoin price itself. With the ETF converting into shares, I don't know if that's the case anymore. There might be other places in the market where you can go do the exact same trade, but with lower administrative or management fee. So I think this is a case of let's just kind of see how does the market react? Where do they select to put their money? How consistent are inflows into these ETFs? So on and so forth. Right, and now I just wanna go back a little on the Ethereum, on the spot Ethereum ETF. So basically there is a lot of hope. I see a lot of hope that following the approval of a spot Bitcoin ETF, we're gonna see soon this spot Ethereum ETF. And that seems to be sort of, that optimism seems to be grounded in the fact that the SEC has explicitly made a difference between Ethereum and Bitcoin from all the rest. So like basically saying that Ethereum is also not a security. It seems to have recognized that Ethereum is not a security and therefore in a way similar to Bitcoin. So my question to you guys is, what's missing in Ethereum still now to get the same level of acceptance that will enable the approval of a spot Ethereum ETF at this point? Sam, I'm gonna let you jump on, but I just wanna jokingly say what's missing is BlackRock just not pushing for a spot ETH ETF right now. Once they do that, we'll have it. So that's a joke, but also kind of serious. But go ahead, Sam. Another joke is that maybe what's missing is a court order to tell the SEC to actually do your job properly and stop advocating, whatever the hell you're advocating over there. Cause things really changed after the grayscale ruling over the summer. So if you take a look at what Eric Belchuna said, I think he more or less said that an Ether spot ETF is will probably be fine. And we're gonna see approval sometime this year. It seems like the path has been laid. Cause as you mentioned, the SEC has differentiated Bitcoin and Ether from the rest. So based on that, not knowing what else is going on at the SEC, I would say there is a path for approval and it's probably gonna come this year. All right. Ray, anything else to add on the Ethereum side of things? I think it's coming. And as Sam spoke about earlier today, you see traders' attention shifting toward Ethereum and Ethereum liquid stake derivative tokens. The whole narrative is now spot ETF is coming. I'm sure we'll hear more dialogue about that. The minute the SEC erroneously tweeted out that yesterday that the ETF was approved, we saw volumes into Ethereum spike, price hit a 12 month high today. It's still showing strength more than Bitcoin is right now. Bitcoin's looking like a buy the rumor sale, the news event right now. So yeah, I think the spotlight is going to turn toward Ethereum and Solana. There's even rumors of a Ripple spot ETF and other ones. So that's where everyone's gonna go. At least people who are traders, market makers, intraday traders, that sort of thing, they're just gonna follow the trend or the narrative and I think that's where you'll see the flow go. But at the same time, obviously a metric to keep an eye on is inflows into the spot Bitcoin ETF. Yeah, I mean, that's a pretty watershed moment for me because since the time I got into the space, I've been hearing about this imminent adoption from institutions and it seemed like this sort of meme that was never coming, never coming. But I think this is the point where this is a really happening and it's not a meme anymore. Like we're gonna see for real now this capital getting into the market. What do you think about it? Yeah, let's see, I've been hearing this for seven years. It's been a seven year journey of daily hearing this, like I remember in like 2016, 2017, I thought that this was gonna happen. I thought that it would happen in 2018 or 2019. So the fact that we're here now, it's pleasant. We should celebrate and be happy. Of course there's kind of the bittersweet element of what does mass adoption really mean for people who are more interested in the kind of like ideological and decentralized side of what Bitcoin represents. But it's still a momentous day. Yeah, and I think this is a great moment actually for people that just joined our live stream to just quickly sum up the key events of this saga, the spot Bitcoin ETF saga. So maybe one of you, Ray or Sam, could you just briefly go through the key points that brought us here at this point, at the approval? Maybe Sam, do you feel like guiding us through the key events? Sure, I mean, it's all been pretty jumbled for me now. It's all been like one stream.  We saw futures products approved back in 2017 at futures ETF in 2021. And then you started seeing more of the big heavy hitters come into play with BlackRock this summer and this year. We got that grayscale ruling earlier in the summer, I believe, that said, basically the SEC kind of overstepped its bounds in just denying grayscale's application. And since that ruling, things seem to have changed. So over the past few months, we've seen filings and refilings and amendments and meetings and closed door meetings and this and that, ultimately leading to this particular deadline because the SEC has deadlines in which it has to either call for review or actually make a decision. So we've known about this deadline January the 10th now for quite a while. And over the weeks and months, we've got growing indication that the SEC is getting its ducks in a row and was about to approve all of them out once, which I think is the right thing to do. You can't pick winners and losers with such high stakes. So we saw that back and forth and as we saw, basically it was a done deal this week. We just had to wait when the mic was gonna drop and it happened today. It happened a little bit earlier than we thought today, but that's kind of for me just the general background of the events that led us to where we are today with the ETFs finally being approved. Right. Is there anything missing in the reconstruction that Sam just made of the events? Any other specific points that you wanna highlight? That was fantastic. And I thought it would be a boring type thing where we got a generic letter from the SEC in the late hours of the night and the ETF was approved and all the kind of celebration would happen via our crypto Twitter or ex social influencers, right? But I think what was funny is that Gary Gensler has for years been the pot that's been calling the kettle black and constantly rubbing egg in our faces. And then yesterday somehow his account or their account is hacked and they erroneously tweet that the ETFs are approved and it does a market move. You know, it impacts the market in a positive and in a negative way in the same way that our beloved coin telegraph intern did a few months back.  We got a crypto end to this ETF approval. It was there's memes, there's hilarity, there's shenanigans, there's unexpected twist and turns. And you would think that as an asset becomes kind of more institutionalized that it would get boring and that the volatility would start to go away and it would start to look more corporate. But I think what yesterday showed us is there's still a lot of jokes and hilarity and entertainment to come with this spot Bitcoin ETF. So, and can I add another thing that I think is great is like we've come so far. So Sam and I watched all the institutional investors get their fingers burnt off in the last bull market where they thought that just pummeling liquidity and trying to take market share in these DeFi protocols and large cap cryptocurrencies would allow them to kind of co-opt the revolution that cryptocurrency represents. And they got blown up to the same extent, if not worse than retail investors. So here we are now with this spot ETF and I'm just curious to see how successful it is, what happens over the long term. And I think that crypto as an industry has enough space for everyone to play.  So welcome institutions. Yeah, actually, I wanna show a screen to show our audience the actual document that proceeds. Can you see my screen guys? Yeah. Right, so this is actually the actual document that testifies the approval of the spot Bitcoin ETF. It was on the website of the US SEC before for some reason it was taken down and that was what was on the website later. So that was pretty puzzling and we were all trying to figure out what happened here. But yeah, as you said Ray, this is all part of the crypto sort of fun side of these things. So yeah, it's been pretty wild. But just going back to the price of Bitcoin, I wanna just throw in there one more thing. By the way, can you still see my screen guys? Or it's gone, I know it should be fine now. No, so yeah, I just wanna bring up price prediction by Tom Lee who was interviewed, he was interviewed not long ago in a TV broadcast about the ETF and the impact on the price. And he was saying that he expects in one year Bitcoin to reach around 100, $150,000 as like a potential benchmark for like the next year or so. And then in a five years timeframe, he sees Bitcoin reaching potentially half a million price because of the involvement of all this institutional capital. Do you see these predictions as something realistic? You see me taking a deep breath. That guy's a broken record. And like a clock is right twice, two times per day. And ever since I got into crypto, I've heard Tom Lee say that Bitcoin's going to 120, 150 or 500, him and all those other guys. And maybe this time it will. And he can self-congratulate and we can all be happy because we're super rich now. So with the halving coming up, I do personally feel like six figure Bitcoin was on the cards, irregardless of there being a spot Bitcoin ETF, whether it was approved or denied, that seemed to, you know, a lot of data suggested that seems to be where Bitcoin has intention to go, right? Also with the Federal Reserve kind of reaching the end of their interest rate hiking regime and we're expecting cuts or at least market participants and you know, cow re-shell readers are expecting two or three interest rate cuts in 2024 and a return to easing given that the Fed or the US hasn't really addressed its larger debt problem. We know that easing, monetary, money printing or just people's belief that the government is incompetent when it comes to like managing money and planning for the future has been kind of a tailwind for Bitcoin price and for risk assets. So regardless of this ETF being approved, I personally believe that 100K plus was on the cards already for Bitcoin, especially given that it's a halving year, especially given the growth of the Bitcoin mining sector or industry and, you know, the global involvement that we see and the growth that we see in the Bitcoin mining space. So in addition to that, you know, Bitcoin's utility in places that kind of struggle with hyperinflation or capital control, so on and so forth. Like it's an attractive asset in many different ways to many different people in different walks of life. So I felt six figures was on the card anyway and an ETF should just help with us getting there. So perhaps this time or next year, Tom Lee will be right. Pardon my skippers. Yeah, and actually, I agree with you, Ray, that the six figure benchmark is definitely on the card. I also have this feeling. And yeah, I think that usually every bull market, we see Bitcoin appreciating less than the previous one, but as someone told me not long ago, basically this time we have this event, the approval of the spot Bitcoin ETF, which potentially can be this sort of factor that invalidates that trend of Bitcoin appreciating less and less every cycle. But who knows, yeah, it's difficult to predict. Sam, do you wanna give us your opinion about the price prediction that we were discussing? Yeah, I stopped listening to Tom Lee in 2017.  So yeah, I think, you know, Bitcoin, I've always kind of speculated that this could be perhaps the last four year cycle in terms of price spiking the way it does, because at Bitcoin's inflation rate is already so low. I just wonder how many more massive spikes in price can we see because of the having moving forward when we have an inflation rate that's so low? But for me, I've always said that 2024 was gonna be a big year. I think six figures is probably a reasonable target. We had 69,000 last cycle. Oh, there's a lot of shenanigans that went on the last cycle. I think that it was a pretty much textbook four year cycle. We didn't have a blow off top. I think we had a lot of, we might wanna revisit that cycle sometime down the road and really discuss, you know, what the hell happened then. But yeah, with, with inflows coming into ETFs, with demand rising, it seems like among institutions and retail, I do think that the price is gonna go up. How much higher? I don't know, six figures is a good benchmark. And I think we'll probably see the broader market follow suit. So I'm expecting all time highs for other digital assets as well. And perhaps new projects we haven't heard of yet. So overall, I think that 2024 is gonna be a good year from a price perspective. Right. Yeah, I think that's a great note to sort of approaching the wrap up of this discussion guys. It's been quite a while, the couple of days we saw this event, this historical event happening today. We were waiting it for a very long time. Do you have any other thoughts to share with our audience? Something that they should know about what just happened? I think price in the short term is not that important and people should not be too concerned with what Bitcoin price does over the next month. If your belief is that the spot Bitcoin ETF is the vehicle that's going to take price to six figures or to 200, 300, 500 K. Some people think $10 million per coin. If you subscribe to those price estimates then patience is the thing that you need to have. So over the short term, did I wanna see Bitcoin on the approval go to 50,000 or 53,000 or 55,000 or 60? Sure, I would have loved to have seen that. We all would have made money. Those of us that are trading, but that's not what happened, but I'm not dismayed. So I think this is a phenomenal step forward for Bitcoin adoption, for Bitcoin's kind of validation within the more traditional halls of finance that this is a real asset that trades and real markets not on Ponzi exchanges and the Bahamas anymore. And it's not something that's used as Jamie Dimon says for sex trafficking, drug smuggling and whatever else he seems to think that Bitcoin's used for is wrong. We've proven that here at Cointelegraph like ever since I've been here, five years in a row we write articles that kind of disprove that Bitcoin's not used for any of that stuff. But in the short term, prices are relevant over the longer term, six months to a year. I think that's where people should be kind of putting their focus on where prices might go, especially with the having coming up and let's see what happens after that. Yeah, and on the topic of Jamie Dimon, for those who aren't familiar, he has JP Morgan and he's been talking about Bitcoin no intrinsic value, being a tool for money laundering. Well, JP Morgan is an authorized participant for BlackRock's spot Bitcoin ETF. So don't listen to what they say, look at what they do. JP Morgan has been in the blockchain space now behind the scenes for several years. Yeah, I mean, don't look at what they say, look at what they do. Yeah, that Jamie Dimon story was pretty funny because yeah, basically talking bad stuff about Bitcoin all the time, but then participating in the spot Bitcoin ETF as we said as an authorized participant. So yeah, I think that we are witnessing a huge change in the image of Bitcoin and how it is perceived. So yeah, very excited to see what it's gonna be the impact of this in the long run. The event that we witnessed today is just the beginning. So now we're gonna see the actual effects and that's the fun part, the fun part is starting just now. So yeah, I think this is a great note to wrap up the discussion guys. Thanks a lot for joining our show today and sharing all those great insights. Thanks guys. Yeah, thanks, thanks for having me. Yeah, and...


Beltrami County and MnDOT are working together to make one stretch of roadway safer. Josh Peterson shows us how the addition of more roundabouts could be in the future. With finishing touches remaining on one of Beltrami County's first of four new roundabouts, the county is looking at a golden opportunity to add one more at the intersection of Highway 71 in Irvine Avenue, north of Bemidji. Either we not do any work on that section and this roundabout happens at a later date or we push it forward and take it on as part of our project. What makes this project more appealing for Beltrami County is the timing. In 2019, MnDOT is set to resurface Highway 71. At the same time, the county is scheduled to resurface Irvine Avenue, which means both agencies could share the $1.5 million price tag. They've got their project, we've got our project and we're just working together. While the addition of the roundabout would make traffic flow smoother, the key reason is safety. Here at this intersection of Highway 71 in Irvine Avenue, memorials remain as to just how dangerous this intersection can be, which is why MnDOT and Beltrami County are working together to make improvements to the area. Those familiar with it, it has some sight distance concerns with overpass when you're northbound, trying to look north, it is not a very good sight distance there. With three more roundabouts set to be constructed this summer, motorists will have time to get used to this new type of intersection. In Babidji, Josh Peterson, Lakeland News. Through the cost share, MnDOT would cover the majority of the roundabout cost with the county responsible for about $300,000. If you enjoyed this segment of Lakeland News, please consider making a tax-deductible contribution to Lakeland PBS.


I'm Zeke and welcome to the dream green show. This episode is about QYLD This is an ETF that just paid out a 30% Dividend yield if you could average that out you could retire in around eight years guys QYLD is a global X fun global X NASDAQ 100 cover called ETF Now if you if you understand what cover calls means that you already know how they're able to pay out such a high Dividend yield so in this video, I'm going to explain to you exactly how QYLD Generate such a high dividend yield exactly what they do how much could you make in dividends and this is probably by far One of the quickest ways to retire. This is not a growth stock. This is not a dividend stock This is a almost like a revenue stock where the price of this stock is really not gonna outperform the market It's really not gonna move too well like a growth stock But it's gonna pay such a high dividend yield that that even if the price stays the exact same Over the next ten years you will have generated so much revenue in a form of dividends to where you could retire and pretty much move to Mexico, Cabo, the Virgin Islands, the Bahamas and just chill on the beach every single day And I have to work again for the rest of your life. So make sure you stick that the entire video I'm gonna show you guys Exactly how they generate their revenue just in case you want to do it yourself What companies they invest into and exactly how much you could make over the next couple years If you start investing into this company right now, but before we dive into this video This video is brought to you by Weeble. Sign up now by clicking the link down in the description Deposit any amount of money and you receive two free stocks valued up to $2,600 with those two free stocks You could keep them inside the platform and decide to use it or you could sell those two free stocks And withdraw all of your money. It's literally free money. Also, I left a link in the description to corn base That is by far the easiest way to buy and sell cryptocurrency Sign up and you get 10 free dollars worth of Bitcoin. The last thing is to Moomoo sign up the positive $100 You receive five free stocks valued up to $17,000 Once again, you can keep them inside the platform and use it or you can sell those five free stocks It's literally free money guys. So don't miss out on any of those free money opportunities Those links are down in the description, but enough talking. Let's go ahead and dive straight into this video Welcome back dreamers. Here we are on QYLD. It's the Nasdaq 100 cover call ETF Now what that means is that other than just generating dividends from owning companies They do monthly covered calls on the stocks that inside their portfolio To generate more passive income other than just letting these stocks in inside the portfolio They do cover calls on positions inside their portfolio to generate passive income that could give you way more Money than just dividends alone guys So let me show you exactly how do they do this inside of their portfolio Just so that you could get a clearer understanding of exactly how QYLD works Just in case you want to add them inside your portfolio and invest a little bit of your money into them every single month So for example, let's go to it in video right quick in VDA here We go on NVIDIA NVIDIA is a technology company. They build graphics cards So if we click on trade and trade options now what QYLD they do covered calls Lasting a month so they go out in a month expiration. So let's go out a month from now So this is week one two three and four So we're gonna go out to February 18th That is a month from today and what you do when you do covered calls You want to sell a car not buy a car buying a college betting that a stock is gonna go up Buying a put is betting that a stock is gonna go down So when we sell a call you have to own at least 100 shares of a certain company in order to sell a car on that company And since QYLD is a ETF They own thousands and ten thousands of hundreds of thousands of shares of different companies inside of that portfolio So not only can they just do one cover call They're doing thousands of cover calls on the positions inside their portfolio So for example, most stocks only pay out a good dividend paying stop would pay out around to the 3% dividend yield annually. Now, let me show you what cover calls do. So let's say right now NVIDIA is at 231 dollars and 25 cents now to sell a cover call we'll go out a month in advance and Let's grow up to the chance of profit of around 80% right so NVIDIA is at 231 dollars We're gonna look at the $260 price range. That means that if it goes up to $260 we're gonna make profit from 230 all the way to 260 if it goes to 260 We are forced to sell 100 shares of NVIDIA at $260 and the stock on the right is $6 and 35 cents and since everything is done with 100 when you deal with options multiply that by 100 so that's $635 so if NVIDIA shoots up to $260 we're gonna make that profit and they're gonna pay up $635 just from putting in that call, but let's say NVIDIA do not shoot up to $260 let's say NVIDIA shoots up from 231 dollars to 250 dollars Then we get to keep our shares that we put in and we just to also keep the premium Which is $635 that is what a cover call is and that is what QYLD is generating such a high passive income So let me break it down for you guys remember the numbers NVIDIA price right now is at 231 dollars and 25 cents and if we was to put in this option right here for $635 they would create it that to account immediately and if it stays below $260 then we get to keep our 100 shares and we get to keep the premium of $635 But remember QYLD they're putting in thousands of cover calls at one time. They're not just putting in one So let's go to the calculator. So let's say we're gonna make $635 from putting in that option call in over the course of one month and the price of to own 100 shares of NVIDIA is 23125 dollars So if you was to put in that call you would have made a profit of 2% in a single month Remember a great dividend company will pay out 2% every single year We just made 2% in one month. So we multiply that by 12 There we go guys, we will have generate 32% just from doing cover calls on NVIDIA in a single year And that is exactly how QYLD is able to generate such a high dividend yield now This is the kicker. They had a special dividend to where they paid out 30% Of dividends back to their users last month But they usually only pay out around 11 to 12 sometimes 13% in dividend yields every single year So sometimes you will get lucky most times you want but they do on average have around a 12% dividend yield Which is amazing guys.  So they're probably doing the chance of profit of 90% and not 80% We do 80% over on my discord where we run the will strategy where we do cover calls on different stocks inside of our portfolio If you want to join the discord, I'm gonna leave a link to patreon down in the comments section If you click that sign up with patreon that take it to the discord over there I post every single time I buy and sell stocks I walk you guys through how I do the will strategy which is selling cover costs Which is what qyld do in selling cash secure puts and also we have a community of day traders over in the discord some pro day traders Where they post their trades every single day and to where people are really benefiting from being around a great group of Community of traders to actually help them grow up their account to have all that knowledge in one place So if you want to be a part of a great community, that link is gonna be pinned down in the comment section So yeah guys, that's how qyld generates such a high dividend yield Probably by using a 90% win rate and by doing that covered cost So now I'm gonna pull up seeking alpha and show you guys exactly what companies they hold inside that portfolio And then I'm gonna show you how can you generate? Such a massive amount of passive income in dividends to where you could retire earlier than you even imagine Alright, here. We are on seeking alpha qyld if we take a quick look at their holding so I quick and then I'm gonna show You guys a quick breakdown that top 10 holdings is Apple amazing company to do cover calls on Microsoft Amazon Facebook aka meta platforms Tesla Nvidia, which we just did an example on Google class see Google class a Options on the Russell 2000 index in brockham So these are the top 10 holding Swiss account for around 55 percent of their portfolio And I hold and they hold around 103 different companies inside that portfolio So if they're doing cover calls on Apple's and Microsoft then that could definitely generate at least 12% of dividends per year Now we take a quick look here it goes the last one that they paid out was 29.33% dividend yield which was around 50 cents per share Which is $6 per year for every share that you own But they do not usually have a 30% dividend year remember before you just dive headfirst into it They usually have around a 12% dividend yield So if we wanted to back test this hey, hey, what have we started to invest into this company when it first came out Where would we be sitting today?  Let's say we invested started off with a thousand dollars include year-to-date and Contribute a fixed amount. So let's say we invested $250 every single week. I see people spend that on shoes I see I see people spend that on bottles in the club every weekend So let's say we invested $200 250 dollars every single week Which would be $1,000 a month or $12,000 a year. We invest every single month And we're and this is the kicker we have to reinvest our dividends. So let's say we started off with $1,000 and we invest a thousand dollars every single month and we're investing QYLD There we go portfolio 100% and let's name this portfolio QYLD I bet let me change this to 2014 there we go eight years here and the last portfolio. So that's all right So right now we'll be we will have not made that much money in fact We will have underperformed the market, but we'll still be a profit. We will have only invested $96,000 right now We'll have around 158 thousand dollars, which is good that we're not in the negatives. So in January 2014 when it first started with thousand dollars and now over time we have 158 thousand dollars But we scroll down and take a look at the portfolio income Year one will generate around 700 dollars in dividends 1800 thousand 1800 dollars in dividends 2900 dollars 4,000 dollars 7,000 dollars Almost 9,000 dollars 11,000 dollars and 21,000 dollars So as you guys can see it is the snowball effect That is just the last eight years when you go to year nine and year 10 when you're reinvesting your dividends That 21,000 dollars would probably be somewhere near around 45,000 dollars in year 10 And that is just enough to live on any beach that you want in Cabo, Mexico, Cancun Cozumel you just pick a beach move there and just live off of your dividends But if you wanted to reinvest your dividends for just two more years You'll eventually reach the 55,000 dollar mark price point And there you go guys investing to QYLD would generate you over 21,000 dollars and passing That's like giving yourself a raise every single year just from investing a little bit of your money into QYLD And if you had a little bit more money, let's just say invest the two thousand dollars over the last Every single month and to QYLD By year eight you'll have 41,000 dollars and then probably around year 10 You'll have around 65, 75,000 dollars in passive income And there we go dreamers that's everything that you need to know about QYLD Exactly how do they generate such a high dividend yield? Well, they do cover calls and I explain to you exactly what cover calls is and how they work So if you want to be a part of my discord once again, that link is going to be down in the comment section Over there we do cover calls on stocks ourselves So we don't have to pay the ETL fee from investing into QYLD We just do the cover calls ourselves So if you want to be a part of that, that link is going to be down in the comment section Don't forget to pick up your two free stocks from signing up for Weeble And go ahead and subscribe to this channel and hit the thumbs up button It helps out this channel more than you can even imagine But other than that, I'm Zeke Bring you to Dream Green Show and I'm out Peace