And decent and kind Characteristics that she's looking for Sliding them DMs Her Instagram is Underscore E-L-S-I-E-F And you know Just slide and say thank you I think it's important men gain more insight Into the pathology Of black women Women gain more insight Into the pathology of black men So again, Elsie, thank you so much And have a good night, okay? Thank you, and thank you for Giving me the Space and platform to Speak my piece And that not all of us Are the same We might be similar in some ways But we are more nuanced than We give each other credit Nuance is my favorite word I appreciate you. Have a good night. You too. All right, y'all, we have I think my legs Was just talking to me. We've reached the end Of this stream. Thank y'all so much for hanging out With us. I know it was impromptu But I think At the core of what I'm trying to accomplish Is this I want to Continue To engage with our women And I say that deliberately, our women Black women or our women In productive Dialogue. I think You know Even with the issues of the qualms That we have with one another I think our relationship is salvageable And Whatever little part I can do I will continue to do so But again, thank y'all For hanging out, thank y'all For the superchats, thank y'all For the support. Everybody who became a member Welcome. Go check out some of the content Tomorrow the full version Of my conversation with Nathan Is premiering. Y'all Go check that out. It was hard to edit So please show it some love But appreciate y'all And Yeah, I'll see y'all soon. Peace.


What's up everybody Jason from jazby's case breaks calm we sold out the promo guys we extended it from yesterday We sold out these breaks in this item description here by tonight We're gonna give away a thousand dollars in break credit. So how to get enter guys all spots bottom. These are entered So if you bought a few days ago yesterday, etc. You're still entered remember We will take all spots from the breaks below randomize all the names First place gets $600 in break credit second place gets 200 third and fourth get $100 each And again baseball mixer if you bought full spots, you're gonna get five times the entries We did two update blaster breaks yesterday one with Joe number 10 one with me today number 11 We're gonna add those names in there and then we did three contenders breaks one box breaks number one with Joe yesterday Number two and three with me and then yesterday with Joe 2012-13 limited three box break number one So first of all I already put in the customer names that bought in straight up from the break itself So remember these customers here bought in straight up into the mixer. So we're gonna times it by five So that's one two three four and five. So you get five times the entries All right Now this is The break here itself, but we're not to worry about that we're to put the names in there And then the winners of course will still get their entries from the fillers they got into so here you go Here's update series number 10 that Joe did yesterday with you guys. We're gonna copy and paste the list of names And there you go add that to the list So boom that one's done. Here's the one I did with you today number 11 add that to the list boom done Added it's gonna be a long list guys. Let's just close this one here. Now. This is break number one of contenders This is yesterday with Joe Add this list in here boom Now let's add number two Let's add number three. This was the last one we did today boom and Then this was the last break here limited basketball 2012-13 and there you go guys. The list is gonna be long, but All the entries are in there This list continues to just go on forever Eventually gonna end up. There you go. So there's all the names in there guys so remember Top four gets something number one gets 600 bucks That was full spots. That was fillers for updates. That was contenders updates fillers and then of course limited basketball All right guys. Well. Good luck roll One and a five six times good luck one 235 entries two three four five and Sixth and final time guys. I did it really fast. So you guys don't see it All right, let's scroll up guys. We're in the 200s when the hundreds 150s 130s 120s We're officially in the 90s 80s 70s 60s 50s 40s 30s 20s and Now we're officially in the top 10 Good luck Omar at number four David at number three Tyler Brenner at number two and Peter at number one So I'll copy and paste the whole list five and one six times Boom So Peter You just want six hundred bucks and you're out Tyler second place getting 200 bucks David $100 in break credit and Omar $100 in break credit for you man So I appreciate you guys. This was the promo Jaspies case breaks calm


What's up everybody Jason here for Jasper's case breaks calm 2021 Spectre basketball four box picker team number eight just sold out This is our last four boxes the case and last four box to be having stock This is for the Lakers and Mavericks only in that break though a little random number block style and again Get a random number from 0 39 left side of the serial number dash the first numbers will we go by of course? All redemption cards go to spot zero if you notice the one-on-one to still go to spot zero and of course any Non-numbered cards are randomized to the group So here's the dice really here's the customer name so from Nick Stover down to Jonathan last Bob mojo And you got zero all the way down to nine So let's roll the dice and we got ourselves a six and a one seven times. Good luck one two three four five six and Seventh and final time Jonathan the top last Bob mojo down like heaven So seven times seven times one two three four five six seven six down to five Jonathan with six Nick will nine and eight Kevin with four Kiyosu a soup. Sorry with two and one any one-on-ones of yours Derek with seven Brian Frank with three Sean Maddock any and all redemptions are yours and then Kevin Mendoza with five So there you go guys now coming up next is the four box break itself. Good luck everybody All right guys. Good luck Last four boxes of spectra Hopefully we pull it back in here guys


Welcome back MechanicalEI, did you know that the entire performance of the internal combustion engine can be stripped down and dedicated to a few major parts? This makes us wonder, what are major parts of an IC engine? Before we jump in, check out the previous part of the series to learn about what valves are. Now, there are three major components of an internal combustion engine. First is a cylinder head assembly which consists of intake and exhaust valves and their respective camshafts. The cylinder head assembly sits right on top of the engine block and controls the intake of fuel, the combustion of fuel and finally the exhaust of residue gases. The camshafts above the valves control the opening and closing of the valves. The head assembly also contains a spark plug which, as the name suggests, ignites the fuel by means of an electric spark.  Second comes the piston assembly, which consists of a piston and the connecting rod. The ignited fuel pushes the piston down which transfers this energy through a connecting rod into the third and final major component. The crankshaft, which is connected to a flywheel and harmonizes the jerky movements of the piston assembly into smooth rotations. All of these components are located inside the engine block. Shown here is a 4-cylinder 5-litre Mustang engine block with all the pistons assembled. Hence, we first saw what cylinder head assembly is and then went on to see what piston head assembly and crankshaft are. So, like, subscribe and comment with your feedback to help us make better videos. Thanks for watching. Also, thanks a lot for those constructive comments. You helped the channel grow. So, here are the top mechanical EIs of our last videos. In the next episode of Mechanical EI, find out what jigs and fixtures are.


Do I believe in vision boards? So, especially after my last manifestation video, this is a comment I've been getting a lot. And I think my answer is going to surprise you because it's both yes and no. What I do believe in is actually having a vision for the future, especially if you don't like where your life is now. And for me, a big part of reinventing myself has been always having a vision for the future. So in this video, I want to share a little bit about what I do as far as vision boarding goes. What's up guys? Alex Hine here, author of the book, Master of the Day. So the number one thing here that I see is that a vision board just serves as a direction for your life to go in. You know, nobody is 100 pounds overweight and then has no intention to lose weight whatsoever and then magically loses 100 pounds. The fact is, if you have, I want to lose 30 pounds written on the wall every day. Like, of course, you're going to do some of the habits and the rituals that will help you lose that weight. And to me, this is the biggest benefit of actually having a vision board. So whether it is like you're trying to attract a certain person or a certain job or life circumstance, the whole point is that direction of focus.  So the first thing I had written down here is it's always in this document called future vision updated because I am always updating it. And the first thing you see here is I photoshopped my book title Master of the Day into Amazon with 314 reviews. Pretty cool because that was only maybe like two years ago and I'm more than half the way there. To me, the number of reviews doesn't really matter. But if I see a book and it has 300 reviews, I know it's probably good or it's a big deal.  So I put Turk and JD from Scrubs and I put down the Big Bang Theory cast because to me, one of the aspects of my life I was always lacking in was my social life. And I put down I want to have more of these experiences in my life. This has escapes, bachelor pads, work spots and generous places I offer to friends and family. One's a place in Costa Rica, you can see here. And then another one is here in Paris. And then I put down this little picture of a cute little coffee shop on the countryside because that's just something that resonates and I'm sure it will eventually happen. From there, the the biggest thing for me, like I'm a very work centered or work focused person, but I put down my character, who I want to be and who I want to be remembered for. The person on the top left here is a famous Chinese physician named Zhang Zhongjing. The top right, this is Merlin, so I always felt like maybe in a past life, I was some kind of physician, shaman, sage, herbalist or something. But those were that was my early childhood calling since I was a kid. This is a picture of Druids doing a little ceremony in the woods and then Archimedes in his personal study. And I have two things down here. One is the founder of homeopathy, Samuel Hahnemann. I don't know anything about homeopathy, to be honest, but this story of him being the most famous physician in Europe because of how good he was, where long lines of carriages, many bearing royal coats of arms would line up outside his house in Paris, often waiting up to three hours. And then most of the paying patients would be seen by four in the afternoon. And then in the evening, he would see the poor patients for free or the bedridden ones after 6pm. And that to me is very much who I want to become more than anything. And then I have here Jiro Dreams of Sushi and Jiro is just a signifier for perfectionism and just taking your craft so seriously. I have pictures here of the fitness level I want to be in. And this is just, for me, a lifelong skinny person, how I want to actually look and close a.k.a. fill them up and then my home. So the most important thing here for me is the feeling and the feeling here obviously is tons of sunlight, tons of natural light and wide open. And this one is actually from a possible area I thought about living in. But to me the point is just to fill your, this vision with basically what speaks to you the most. This might even be a celebrity home here. The countryside, wide open living areas, New England, New England, all New England. And then the last thing for me that I've put down here is my home library or Chinese medicine library. So kind of like your private study where I would do medical experiments, study herbs, try things out. My own little archive of all these books. I think it'd be pretty cool if I were good enough and successful enough that I became one of those huge donors of like millions of dollars worth of ancient scrolls to Yale or Harvard when I die.  And one of the other things obviously I haven't mentioned here, I haven't mentioned like dating or partners or family and for me only because at the start those were things that were way off of my trajectory. They were not, you know, five year goals and all of these maybe besides the big house all really are goals in the next few years besides my legacy and who I'm remembered for. So for me the third part here is just that you have this vision compiled in some way and then you're somehow review it daily. Now I've mixed it with my morning and my evening routine where I would just flip through these things and visualize them in my head as if they had already occurred. And I would just go through day by day because sometimes me during the worst years of your life, sometimes the only thing you have is the hope that things will get better. So I would just hope by visualizing that things would get better. And then some of them eventually did and now many of these are longer or even lifetime goals and they just serve as intentions for who I want to be and what I want to do. Alright guys so I hope that helps.  Now the best way to stay in touch is to grab my free seven day personal development and weight loss challenge modernhealthmonth.com forward slash YouTube. So the link is also in the description box there below and also if you see that new sponsor tab that's because I'm now doing a monthly live Q&A you also get free access to my private paid Facebook group and my beginner 21 day challenge. It's like $4.99 a month or something. So you can check that out there as well and you can check out my last two videos right here and right here.


means I don't need it. I really don't. I don't. Pretty darn loud. Praying that life won't leave me behind God knows that I'm dying to go on home on dying to go on home on home question how do we profit from what we love to do most me well I feel like I'm sneaking through a cemetery searching for my own ghost or trying to dig through sedimentary rock buried beneath the heat of my life's compost I feel like a scared soldier then with a wall from the cemetery abandoning her coast contrary to what I always dreamed I would be like a victim of my own negligence running from me standing amongst a host of individual struggling for originality puzzling such a complex simplicity so I end each day disastrously knowing thinking there has got to be more but eventually takes too long to get to five steps from too far away and I personally have no patience waiting on that destination but you say there is a predetermination factor and you say that life is a stage and then here are all actors well damn I must have forgotten my lines or the monstrous behind in my mom's womb because my vision looks blurry but I can see the writing on the stone of my tomb I don't want to be doomed here in the limbo of complacency blatantly out of place deliberately keeping a monotonous pace inadvertently going to waste or pasted to the monetary codependency of the next check like my boy Justin once told me living my life in retrospect I want to learn to protect my best assets but always bid high when I bet set my eyes on the prize and rise like the opposite of sunsets look back having no regret consolidate my pain like debt so I can hone all of my energy into overcoming select my weaknesses to be my strengths and always represent what you see in the fine print because I've spent too many times trying to turn tables and downs into dollars but I was always just making sense so now I'm trying to maximize my day minutes in life like I was calling my friends and family members sprint to sprint or Timo because you see this life's journey is long distance and walking briskly is too risky I've got to set my feet to move faster because there is so much in life that I am after I'm looking for that tech and the color finish line with a pot of gold but I don't want to end this chapter the way it began so though I am young I succumb to my sentences and songs write on then stay up all night memorize my rhymes hit the road then call and stick to my job burning up all my vacation house a personal leave and sick time I know my day is coming but I'm still waiting in line hoping that my car won't be declined I never expected to have anything handed to me so I will earn my own road to success there's no such thing as exit signs and I'm only defined by my limitations I won't accept any imitation the key to say the head in this poetry game is all about innovation so yeah I'll accept any invitation to fill the open slot and if the slam is full that's cool I just rock the open mic spot my talent and my passion is all I got and when I step off stage I accept cash personal check but it's not tell me that my words touched your soul because that statement is worth more than you'll ever know worth its own personal weight and goal it answers the question that I posed about three four minutes ago we has taught us how to put the value of our words may yours and yours and yours hope that you


Over the next five years, West Sussex County Council will be investing millions of pounds on major projects across the county, such as schools, roads and social care, to ensure we are well placed to meet the demands of the future. With increasing housing and a growing population comes increased demand on the county's roads, including the A259 in East Arran, which forms part of the West Sussex Strategic Road Network. This stretch of the busy A road is already one of the most congested routes in West Sussex. With commuters experiencing long queues and slow-moving traffic, and journeys taking up to four times longer than they should. The congestion on the A259 affects me when I want to travel between Little Hampton and Goring. That's mainly to either travelling to work or seeing my family. What is pretty much a 10 or 15 minute journey can sometimes take me up to 40 minutes and you really have to plan that in. And especially if you're running late for work or trying to get kids to school or something like that, then it can be a real nightmare. As more people move to the area and there's more interesting people coming shopping to the area, I think it's really important that we improve the roads so we're not all just sitting in traffic all the time. As a retired local resident, I don't have to worry about travelling at rush hour, but this is continual here now and it's going to obviously get worse if development comes at the volume we understand it will be. I think there's plenty of room here to put it into dual carriageway in some areas along here and also to widen the roundabouts. I think the roundabouts are too narrow. They could be widened a lot, which would take more capacity even on the roundabout to help. As a local resident, the A259 affects me because it's my main route to get through to where I need to go, be it for work or for personal use. I think to improve the A259, it possibly needs better roundabouts, dual carriageways or both. Well it would be a lot better for the community, I'm sure it will be. Look at it now, I mean the traffic is on this road now. If that was a dual carriageway, it would be a lot better. Plans for improvement have now been approved, subject to public consultation to dual the existing stretches of single carriageway and improve access to roundabouts and junctions between Bridge Road roundabout in Little Hampton to the west and Goring Crossways roundabout in Worthing to the east. This will be jointly funded by West Sussex County Council, developer contributions and government grants secured through the Coaster Capital Local Enterprise Partnership. Improvements to the A259 will bring reduced congestion, fewer delays, improved reliability of journey times. It will also provide us with the highway capacity we need to enable new homes to be built, new employment space to be built, which means the creation of new jobs. The benefits of this scheme have been calculated to be £100 million worth of financial benefits. Now that's been calculated by adding up all of the journey time savings, by calculating the number of accidents that we expect to be reduced and by adding up the wider economic impacts to the area of creating new jobs and building new homes. Over the next 10 to 15 years in the East Arran area, we can see that around 2,600 new homes are going to be built. We are expecting there to be around 4,000 to 5,000 new jobs created and we need the highway capacity in order to accommodate all of that growth. The works will be approached in three planned phases. Phase one will include the stretch of the A259 from the Fitzallan Link Road roundabout in Little Hampton to the A280 roundabout near Roundstone. Improvements to this section will include dueling the current single lane carriageway in both directions, alterations to the station road, body shop and A280 roundabouts including wider approaches and improved road markings and new pedestrian and cycle paths. The cost for this work is estimated at £14.8 million with construction predicted to start in 2017. Phases two and three will see the Bridge Road roundabout in Little Hampton and the Goring Crossways roundabout in Worthing improved. Plans are for new and larger roundabouts with wider approaches and improved road markings. Junction improvements to the Bridge Road roundabout are included as well as new pedestrian and cycle paths. Estimated costs for phases two and three are between £4 million and £9 million but the time frame is dependent on funding and there is no confirmed start date yet for this work. By making improvements to one of West Sussex's busiest roads now we can ensure that this critical part of our strategic road network keeps moving and continues to support the county's economic development long into the future.


Yeah, recording started fantastic. Thank you. Okay, so thank you very much to everyone who's here. We have what looks like Maybe yeah over 10 people. So that's fantastic Before we get started, I just wanted to Switch to gallery mode excellent one two three four five six seven eight nine ten eleven people super so just as a quick Aspect of shopkeeping you've probably seen the notes online already But last time when we met in the other time slot, which presumably is more beneficial to West Coast and Asian and African members of the group We touched upon our discussion of Clubhouse and whether that's going to be useful to us Heidi Heidi peace is she here today? No, she can't make it But Heidi I know quite well because we've organized events at UCLA before but we're going to investigate that and set up some conversations on Clubhouse which is designed more for A transient signal rather than something that you would might want to record and say for later So that might be a useful promotional tool We also talked a lot about audio NFTs, which I want to get into more today We All of this is in the recording if you want to see it we discussed the complications of NFT licensing Which was certainly an involved Topic and lastly whether or not NFTs might be permitted within what we call the closed gardens of streaming services So our current streaming services set up to deal with something that What what is what is presumed or perceived to be something of a legal complexity I Notice that even breakfast television Had audio NFT or not even audio but NFT stories this morning Somebody said to me they saw on breakfast television. I wasn't quite sure what they meant an NFT story I see that CNBC had a story this morning about NFTs, but it was all to do with visual art There wasn't any discussion in there of Audio has anybody if you saw Heidi is there where's Heidi? I'm here. Oh, you're there. You've appeared or you're one of the One of the anonymous black avatars. Did you see the same story? The one that was I know I didn't see that but I have definitely been eyeballed deep in the The NFT space lately. So I can't keep up and now Taco Bell has What what's the Taco Bell NFT? Oh My goodness there. I think they're the first brand maybe somebody in the group correct me if I'm wrong They're the first brand to create an NFT and and they have several of them Um, they're visual renditions of their tacos That's awesome And then whoever the the funds go to their non-profit that they have which I Think I want to say it provides scholarships or something to But I can see this as being the beginning of many Of an avalanche of brands coming into the space Brendan I see behind you Panini sticker. I don't know. Do you guys have Panini stickers in the in the states or not? We do although in the states were mostly known for our trading cards Right, and I know that that's that I've already seen some discussion If that was quite early discussion of NFTs and baseball trading cards, right because of the high rate of forgery That's right. So we're we're doing it. We're we're selling digital only products We're calling them NFTs. They're on a private panini blockchain, which is a hopper ledger sawtooth instance We've enjoyed a lot of success in our first year of operation And we're really excited to see the mass adoption accelerating adoption of the the NFTs I have been working For a few years with uh, Sebastian post here on this call Thank you, Sebastian for the introduction and getting me involved here so panini for those of you don't know is a I guess about a three billion euro global company that is the leader in sticker albums and trading cards and so we make collectibles and managing scarcity and all the benefits of it nft and the that technology confers a lot of benefits to A collectible where scarcity is the game scarcity is what we we have to depend and so But connected with that. I'm looking at everything and evaluating across the I have a very comprehensive view of the space and the a lot of the path dependencies for digital collectibles in general and creator platforms as well So really excited to be connected with this group and excited to to see what we can do together Yeah, I am obviously having grown up in the uk. I know panini from from players, right? So you collect sure you buy a little packet you open it up and inside of Is a small number of stickers from any number of teams any number of players and sooner or later You start to get duplicates So you start to swap them and then you stick them all in a in an album And then the album becomes something of hopefully collectible worth in the future So I can see how the parallels with baseball cards are enormous Did you want to tell us how because obviously a lot of these a lot of this infrastructure could be applicable to the other audio or let's say visual Projects that we're hopefully going to engender very soon. But what can you tell us about the actual panini blockchain? Well, so it's a hyper ledger sawtooth instance We've got to set up in a dual node configuration we're using the apis to construct an issue and to mint We're not really making use of the smart contract infrastructure, although we certainly can We chose sawtooth because we saw it as a really great platform to federate Consortium and we still have that as part of our roadmap, you know, we're gaining our own technical understanding of what's possible with the technology and maybe as important the custody of items and As a mass market company, you know having Bear instruments in a wallet where if a user loses their keys That that's catastrophic in, you know, the conventional world now Obviously, there's a lot of new wallet technologies and that you know with social recovery and different ring signatures and that sort of thing, but Those two aspects are what really led us towards hyper ledger sawtooth I'm a non-technical executive that reads all the white papers. So I'm not going to be able to talk about much more about our Implementation I've got a team of people that Have built that out and so far it's scaled and done everything that we needed to do and it we stood it up really fast We've been really pleased with it and we're looking forward to pulling in some other people, you know some some other companies and Having a consortium around that. We don't have any dates around that yet, but it's something that's A really important possibility around what we're what we're building What led you to the choice of sawtooth for a media project like this? um So we were looking at um And we're glad we didn't choose them. Uh loom network. I guess is going through a recovery. Maddox was out there It just it felt like from our standpoint Having the the foundation and the open source And a lot of enterprises using the platform those those were pretty compelling for us Uh, we weren't when we looked at it and we looked at the decentralized technology And by the way, I'm all in on the decentralized stack. I'm really excited about it and want to embody all the the Values that you know that are wrapped up in DID and and decentralized systems But representing a 120 year old category with a 60 year old brand, which is panini We felt like we really needed Something that was a little more tested that we had more control over And that started shrinking the decision space pretty quickly And there were a lot of third party vendors that could have um That that wanted us to take a look at them, but I basically landed on uh hopper ledger because of the um The foundation and the community that that it came from Did your choice have anything to do with um Let's say the The earlier choice by verify media to choose sawtooth Does that ring a bell that company? Verify media. No, I don't think so Mm-hmm it just if if you look at the earliest um promotional materials from from hyper ledger one of the things they say they hope they can do is work with music attribution and they point to a joint uk us venture called dot blockchain media That has come and gone But a lot of the guys who have worked for that now work for a company called verify media v er if I And as far as I know, they're the only people working with sawtooth on a media related Project unless somebody wants to correct me on that does anybody know Anything That's more up to date or more correct No, I'm not Okay, well David's there. Oh, David's jumped on. He doesn't okay. So maybe I'm right. So yeah, that's the other big Sawtooth media project that comes to mind Um, what about your collaboration with Sebastian here? Well, where did you guys find common ground? Well, I can I can handle that Sebastian if you like, um So Yeah, so, um Sebastian reached out to us. I believe or we found each other somehow. I don't remember how but we um In our space there are We're creating these we create 300 plus thousand unique Um Trading cards a year now that these are designs. Well, there's actually about maybe four billion physical cards are created, but these These designs, uh, they can be worth Uh, a lot of money and the the the overall category people that don't know the trading card category We're selling cards that are worth Um millions of dollars, okay in the aftermarket within maybe when they're pulled from a pack um And the overall market just recently Was uh, recognized as being as part of the luxury good category and again, it's because the overall demand there's this ongoing financialization Of our product where people are looking at as a viable inflation resistant Um real alternative real alternative investment. It's a property. It's a new investment class And so because of this, um, we're seeing people Take images false images and they're putting them up on ebay and they're selling fake cards and they're pilfering and stealing and and Uh, you know very much like the the rest of the um, uh Uh luxury good category has experienced, you know, when the when the the values get high enough It gets really profitable to come in and knock it off and so uh the Sebastian with it with the iscc and and then with lyssium gives us a whole new level of um identification that we can use um to actually track and um, give our consumers some chance of actually um Validating what they're looking at that it actually originated from panini um And so that and that's really really valuable for us now. There's a lot of different uh physical authentication technologies that we can use Like diamond dust and high resolution photographs and that sort of thing but They don't solve uh our ebay problem. They don't start sort of solve our aftermarket problem They don't solve, um The The other abuses that happen with our property and because we're using the officially License marks and logos of all the top licensors in the world like fifa and nfl and nba contractually we're obligated to use You know the the the best available technologies and to Take care of their property. Okay, so our car when we make our cards We own them, but they also have an interest in them and So there's a convergence of market forces protection of our Of our graphical assets Of our files. I mean, we've got a back catalog that runs to many many decades And you know if that gets out and we it's really important for us to be able to make a public claim um and and to be able to um Verify that yes, we had ownership and possession of a particular asset You know so that we can defend it in in the marketplace Not just legally but just to represent to others that we're actually being good stewards of the of the property So that that's a yeah go on I mean just uh Mentioning again that the iscc originated from this challenge to to manage a huge amount of content or assets digital assets and to to have identifiers for for assets that Have not um or where traditional identifiers like isb ends or dois or Isr c's for From for music where they have not been applied and so That that's that's one thing and to have a identifier to generate or to come up with an identifier standard that is able to handle The fact that through the internet online digital media is being transformed compressed converted to to other file formats and still retain some some kind of similarity and that at scale and another point is to have these Identifiers being able to be used on blockchains and in decentralized environments where anyone can regenerate And come to the same ID in order to to transact even if you don't have any kind of relationship That that is for me One of the most important points that in traditional media business you would manually manage identifiers and then Try to get an to come to an agreement with the third party or with the other party about the content and the term that was uh Seeing what what will come in the web 3.0 way This has been the Origin of of the icc and and panini is of course, uh, one of the the The media companies with them I would say probably the most digital of physical assets in in terms of the the sheer volume of of of assets so Jerome you had um Some observations about the ways that this might help us plus you had a question about french soccer Yes, um, I've been asked to to watch some uh solutions that appear In france. So this is these are my students who asked me to to check what is the nft in the concept of The equivalent of panini cards in france and I've started Deep diving as all this solution was working. So it's based on the serials. There is one smart contract that is used to generate some some some nft and cards and As far as I understand They are given a token ID. So I don't really understand very well how it works now So I would be interested to see If there are some alternatives with ip allegers. So too, maybe without any smart contract I don't know. So if brandon has some Some technical information To to share with us. I would be very interested. Thank you This speaks to one thing I was going to share that we can always schedule a presentation if we want to You know give space in a meeting and then you know, you could present and do a demo You're welcome to do that now, but if we schedule in advance too We can also promote it out on hyperledger's channels and get more of an audience for this too If we wanted to do it at a future meeting So, you know, we haven't we as a group haven't had guest speakers yet But that's something that other special interest groups in the community have done if there's interest in that Is that something is there something brendan that you guys might do is there's something you can share with us Whether it's text or Yeah, for sure. Now, I'd be happy to walk everyone through the panini blockchain cards and the nfts and I can could give a demonstration And and you could see it. It's Very accessible. I'm always happy to talk about what else is happening in the space And we could cover that what's happening at so rare They've enjoyed a lot of success. They just raised 50 million dollars to go grab more licenses and You know, they're enjoying a lot of success There's a lot of questions that whether A fantasy card is really a collectible. I have a lot of questions about the technical and legal construction of Just about everything in the nft space There's a lot of issues around them that make me think that they don't belong in the collectible category And I think it's definitely something Conceptually that this group needs to when we talk about nfts there's kind of a taxonomy of Of those and we need to be clear on them everyone's in because this is emerged so quickly We're playing really fast and loose with the language and what is an nft to me is not an nft to you I have nfts in my wallet that I bought early in the space about two years ago And now I have nothing I have a token but the underlying assets and the project got taken down I've got nothing there's nothing to show for it and no recourse and well, that's it and Frankly, that's the exact same thing you get with top shot And I haven't done the deep dive on so rare, but I've got concerns about it But anyway, we've got there's a lot to cover and be happy to do to have a a special section and kind of Present on what we're doing and how we're seeing it. Well, that's great Maybe maybe David and I can take this offline and figure out what works with your calendar Do you do you want to drop your email address and chat and then David and I will Yeah, for sure. Yeah um Heidi is our sort of unofficial in-house nft detective What's your what's your view of the last week been? Well, I personally and I agree with what you were saying Brendan is that that my definition of an nft is very different than The person down the down the road and and I think that we're headed for a the bubble bursting My personal opinion Just because as I've been exploring these different platforms, there are hundreds of thousands of Right now visual artists Trying to create and sell their nfts on this platform and it's really there's a lot of noise and The demand is exceeding or the supply is demand is exceeding the the demand so Um, unfortunately my opinion is I think we're going to see the bubble burst like we did with ICOs um, but the bigger opportunity is for the Non blockchain non crypto community because right now really the most activity has been with the with crypto holders And I think that this now makes people better understand who are not in blockchain better understand Oh, here are some actual use cases. So Um, once the bubble burst in the crypto community, I personally believe that we are headed for tremendous opportunities It not just with visual artists, but I personally think there's even more opportunity for That for musicians and I've been peened left and right by um talent agencies um venue uh people that own venues for musical concerts as well as A musical rights companies that have been peening me the past two weeks wanting to get into this space so I think Um, and and I can share with you some of the ideas that they've been presenting to me if you'd like Yeah, please go okay, so Um, obviously we have the utility on one side of an nft is the collectible aspect of it and Hopefully reselling it on the secondary market on the other side where we're seeing so so yes So we're seeing like the kings of leon and they've launched their music Hope hoping that that um some of the items that they've launched as an nft will become a collectible And you can sell it on the secondary market But what a lot of these talent agents are saying Is we're looking at an nft that has a lower price point that would really be used more as a key A key to engage fans like we've never seen before So that would be things like um, I'm buying, you know, Heidi band nft key and that means I can engage with With Heidi the band I can maybe attend a zoom lunch Or it gives me access to a concert down the road in the future When I'm at the live venue, perhaps the band air drops a release of their new song That hasn't been made public yet. Perhaps it gives them VIP back stage passes Sometimes it could be used for things like special photographers at the actual concert Maybe they issue an original photo that's given out to the nft holders So the thought is really oh and then of course throwing brands And product promotion and how money can be used Money can be generated and monetized from the brands So that's really the buzz that I'm hearing right now is this shift A little bit away from the memorabilia, which I think will be there for the long term But it's how do we get fan engagement? Um, and then obviously royalties Which that's a whole nother discussion as well that I'm sure john, you know about much better than I do I I think I'm right in saying that those Kings of leon nfts, they include a ticket for lifetime. Is that right? So if that's correct then From the fans point of view, that's obviously the longer term benefit. You've got the collectible, but You know for then month after month year after year what what you're interested in is fan engagement From you know, the fans point of view. Eric, you just put up a link. Would you like to contextualize that? Right just talking about the fan engagement. There's a company out there called socios And that is their their sort of focuses is doing partnerships with sporting teams, mostly soccer clubs or football clubs And issuing these tokens that allow the fans to be engaged So they're not actually issuing anything behind those any sort of meteor assets That are attached to those tokens as far as I know, but just sort of following on the The opportunity for fan engagement Do you have a sense of The two key points which are how much they cost and what does somebody get? Yeah, so I so as far as I know they They'll they'll do a deal with the club and and sort of determine how many tokens do you want to issue and figure out According to their fan base and you know that The fan, uh, sorry the clubs will use those as part of their marketing efforts and either give give them a way as Promotionals or allow fans to buy tokens and then with the tokens you get access to voting on you know, half-time performers or You know player appearances and things like that So it just it just made me think of that. I've talked to them a little bit last year So I'll kind of follow up and see if they're into NFTs, but it's it's not so much music or or media But I just want to throw that out there It certainly could be something that a that a musician or a musical collective could use or a venue could use right in terms of Guaranteeing long-term interest between the fan in question and the band or the venue in question Right. Yeah, so it's more about giving access rather than owning anything Sort of like voting rights Heidi yeah, Eric. I I the I worked with the startup or I met with the startup from two years ago that they had purchased I want to say was indoor arena football here in the states. I think that the first Team that they purchased or worked with was out of salt lake city and they were using blockchain for fans to vote on Things like does the quarterback throw the ball deep or do they pass the ball? and they were using blockchain because The last thing in the world that they ever wanted was to be accused that they manipulated the vote in any way because fans would Go insane. So, um, I think that they're also doing something similar to the socio space and But very interesting It's funny you mentioned that one thing I've always wanted to see is a decentralized soccer team. So no manager But if the fans could actually pick the team decide who gets substituted So it was real time But then obviously like you were saying what you would need is some indication that the vote wasn't being skewed or just, you know, grossly manipulated by More powerful parties.  That'd be really great But Heidi, yeah, you were saying you were sort of in the middle of your Uh report Oh, yep. So I guess that um more back to the issues of the nfts that we see Happening right now, which have been for the visual digital artists The biggest challenge that I'm hearing um is the cost of gas Um, which has really been prohibitive for most of these artists entering. Well, I guess I should say number one The biggest uh barrier to entry is the technical understanding downloading a metamask onto your computer buying ether That it's it's it's a huge barrier of entry for many many artists and And then second is the gas fees that I've been hearing, you know, range anywhere from 70 to sometimes $200 and so That's been a problem in the space and the other on the other side Where people are the the patrons are also they have to Own ether or crypto. I think that there are only two sites that I'm aware of That are at least have enough traction behind them that are accepting credit card um So like I mentioned, oh, and that doesn't include the NBA top shots But so for the most part, I think that the community we see right now. They are crypto holders um and one A couple of items that I don't think have been fully addressed and that I'm I'm I'm worried about is well, what happens when somebody attacks some of these The custody of these nfts and steals the nft Also, what happens if somebody imposes as one of these artists like somebody comes in and as an imposter to people um The other we have not seen I haven't personally seen on any of these platforms tax Taxes applied on so I you know, I don't know what that means And then we're also facing or I'm hearing a lot of issues about copyright infringement and so in particular in one of the groups that I'm part of somebody owns some original footage of Michael Jackson's thriller video And he wants to sell this as an nft But now there are all sorts of issues around can he actually say it's Michael Jackson? Because what about the Michael Jackson estate? So there's just a lot of hurdles that I'm just waiting for something to happen that Is going to cause a you know, a lot of disruption in in a bad sense in this space Would somebody like to address that tension between All of the excitement that we're seeing on one side and the complications that Heidi mentions all the way from legal challenges to The the pure complexity of making these things in the first place I'd be interested to know whether we slide towards a more optimistic view or whether we think that in fact this is Something of a bubble that for any number of reasons might Prove Less worthy than it would like to consider it. So Well, I'm happy to jump in I've spent a lot of money on attorneys in the last year to talk about these these issues as we Step into the Digital collectibles and it's one of the reasons why I've been reading so many terms and conditions Is because I'm trying to understand How panini measures up because I've got a real strong conviction that we as as the As the adults in the room who aren't moving at startup speed You know, we're moving at enterprise speed and that means that you know we're We're behind in some ways, but we're ahead in others and in the ways we're ahead It's it's around the the legal commitment to what's happening You know, I heard the term class action lawsuit thrown around today in the community that I'm talking about because of people Representing things that were collectibles that aren't a collectible or representing that you When you enter an ecosystem, what are the commitments to actually exit the ecosystem and do you have What do you actually own and when you put your money in how do you get it out? These are all real, you know, basic simple business propositions that we gotta gotta iron out, but I think there are a lot of Vendors out there marketplaces where there it is it's really Legally it's Difficult so we had there was a company called crypto strikers that was probably the very first Stickers to if you will of FIFA stickers and this was in 2018 And crypto strikers came out and instead of they tried to skirt the copyright issue by using cartoons of the players and they had some original art used and so that they didn't have to get the The photos and the licenses around it that was challenged legally and the project was taken down Um, I know the founders I lost money on the on mind and on my Crypto collectibles and and this this this is the problem and And Heidi what you were talking about with how do you certify? um The who's actually generating the the content. How do you know that it's official content and this is where I go back to What Sebastian's doing is because you in the future you're going to have to make some public claims about Something immutable claims about what you produced what you created like here. I am the source of this thing Either as an individual or as as a as a company or as a doubt you're going to have to make those public claims Um And you and you can have if you have the keys you can prove it right other otherwise you you don't have much to stand on um The so when we look at uh, is it uh nifty? The the nifty gateway Yeah, nifty gateway.  Are they actually going to the listed address and making sure that that's not You know the the the the local, um bagel shop. I mean what What does their due diligence look like? Um, I've talked to the ci of um christie's recently and they you know, they just recently listed, um auctions And you know in They're dealing with the same issues that other large enterprises are that are trying to operate in this space. Um, which is So you have the the kyc and the aml to know your customer and anti-money laundering Uh provisions and as a business, how do you handle that if you use public payment gateways? You know, you're offloading those functions to them um some legal uh I guess insulation uh from from that kind of risk, but when you start taking uh crypto payments and you're Um, you know depending on how you want to do that Uh, there there's a lot of risk and there's a lot of open questions Among people that are really trying to get into space about what can be clawed back You know, so I got a two and a half million dollar payment from for a piece of art and I accepted crypto and it turns out that it was fraudulently obtained what how does and it's cross border Um, those are cross border payments.  I mean, it these are really complicated issues and as a business um You can get a lot of concentrated risk and or in a real hurry as you Step into the this this new business model with NFT collectibles. We think we're in a pretty safe spot, but But that changes really really quickly the the other thing that I wanted to mention is If you look at the terms Of service for all the major providers Um, you'll be astonished at how much technology risk you're assuming which is basically all of it You know, if if the public if your transaction Uh gets foiled or lost or has some minor extracted value Um Assault on it or whatever, you know, you can very you can you can have a filled transaction in the company that you're dealing with Because it's completely indemnified in in all the top 10 terms and conditions that I've read You accept all the technology risk all of it. It's yours and um, and so they can't guarantee a customer experience and you know If you have a filled You know five six seven eight figure transaction You know, what recourse do you have on a on a decentralized platform? Especially because you don't you can't see Um, or you may not have access to how they're executing it on the on the back end. You don't know um I guess in some cases the smart contracts are uh vetted in some cases. They're not Um, anyway, the the point is that there there's just there's a lot of risk, you know, it's still such early days but as we look at Expanding beyond just a private uh blockchain and and creating A gateway or unwrapped to the public chains Um, you know, we're stepping into that world and we have to change we have to have separate terms of service just because we can guarantee what we're in control of and We need identification from all the things that we don't control and which is Shockingly a lot There's a lot you don't control when you get out onto the the decentralized blockchain Jerome you had a quick technological question and then Sebastian's got his hand up after that You asked about uh people's chosen technology for the creation of energies, right? Yes, that's right. Just uh to to know what are the alternative solutions to erc 721 and The solution mentioned by uh brand and today So I don't know many others. So if you know many others who are very uh key, uh, please just let us know. Thank you I'm sorry. Um, Jerome, could you restate the question? I didn't follow it all Okay, so assume you you want to set up an NFT now The question is which technology uh, will you use? So the most obvious one is erc 721 by isorium and uh idea mentioned all the drawbacks of this technology in terms of code gas and so on so What are the alternative technologies that may be used? And uh, what what is done exactly with hyperadjust so to send are there other technologies? I don't know if we can do that with uh aiota or any other technologies. So thank you. Yeah So it's it's so for me. I'm looking at a lot of different solutions. Um, and You know, so panini, uh, we're we're maintained. We're we're publicly saying we're technology agnostic and um if There is one uh blockchain that that is Better we can use that and we can switch if we need to now the switching is can be tricky and so If I had to choose just one right now, I'd be really uncomfortable Because there's no obvious choices in my opinion Ethereum is strong, but the gas fees are prohibitive and uh for a lot of our products anyway at the price point We're dealing in You know, those fees are prohibitive. It's a non starter So it's not an option from the beginning If we look at the the the layer two Chains that are out there. Uh, I like everything Dark x they're using zero knowledge proofs for level Layer two solutions And I really like the the speed of execution. They've demonstrated with reddit and some other public use cases that they can handle They can mint 10,000 NFTs per second So that's strong that matters. That's that's a real breakthrough in performance They've got a computationally asymmetric zero knowledge proof of their own design That they published a couple of years ago. It's a company out of israel Um Uri Kolad needs the ceo and they're they're just it's such a modern company It's It's fantastic, but what what they're actually implementing is pretty amazing. I like other layer two solutions as well So you've got optimistic roll-ups Matic is doing this Near protocol is is another one i'm talking to the people at near regularly Um If I look at some some of the the the emergence of cross-chain technologies get me really excited because Those let me like cosmos and some others. I think polka dot is another one um The everything polka dot is doing is is looking pretty interesting to me In fact, I think I've got a call coming up with them in 15 minutes um And it's really, you know, I'm just trying to understand what's happening in the in the market, but um You know the the cross-chain is exciting because it's going to Um reduce a lot of risk for Those of us who are trying to engineer systems in the space and you know For those of us who old enough to live through some of the other Technology booms man in the early days of the internet You could pick a language or a platform and you would engineer with it and two years later It didn't matter and you know, you just you know poured 20 000 hours into it and that's it's a lot of technical debt on something That's never going to go the distance and that's that's the concern. That's what we've got to manage, but these cross-chain technologies are They hold out the promise that if we want to move or let users Move a cross-change that they'll be able to near protocols already implemented some of this Sebastian your question who you had your hand on? Yeah, it was just a Footnote to what brenton said earlier regarding the certification The necessity to to certify the I just wanted to mention that interestingly the My kings of lian offers on open sea. They have not been certified until I think last Friday, so there was on discord on the discord Channel a lot of confusion. So Why is it up there and it has a it has a mark that says now certified, but it said unverified collection And and people were getting all the attention from the rolling stone post and then We're going to open sea and it says unverified collection and that Obviously they changed it through a manual certification process and that I think is of course An interesting Inside that currently that is a manual process to to verify that actually there's a relationship between the rights holder or the Let's say the the the registrant of that offer and the the content itself and that is something where I spent the last one one and a half years on on Suggesting the the occp the open content certification protocol, which kind of allows you to connect Or to solve this attribution A problem in a way that is scalable and that does not need to rely on on a manual Process of of this certification and the second thing that also could be solved or could be it's was Necessary to discuss is the the the issue of the terms. So if you look at the current Offers, it's very hard to understand what you're actually getting and and also brent mentioned that But if you read it, even if you are experienced, you don't understand what's is it is it now the the blinking image or is it a limited edition of the cover image or is it the actual record that you get access to or is it even Whatever a ride to distribute the song or whatever you you crazy things you can you you can tokenize so and I think the Two things need to be solved one is to to find a way to associate metadata and rights management information to the asset verifiably And Could import the metadata in a in a in a so more or less standardized Way that would support the market in in my understanding to to be a bit more To have more standards also in regards of metadata and and rights management Information so that it's clear what you what you are actually purchasing in uh In a similar way one of the other car. I just put a link up in the chat one of the other complications or problems. I saw who was With the the young blockchain music startup audience or audience depending on how you want to pronounce it And the problem that they presumed or they discovered that the work of other people was being uploaded to it And once it's up there, how do you take it down? How do you remove it? So that kind of goes back to what Heidi was saying earlier Which is that on a lot of these platforms, whether they're actually Generating or aggregating or even selling the content There is not only well, it's all part of the supply and demand question Which is that if the supply becomes too great then actually filtering or editing or Policing the content becomes very very difficult and I see that in two places One would be with what audiences is going through which is stuff is just being so enthusiastically uploaded that includes Things that legally should not be there and secondly Maybe I'm just being a bit of a snob, but if you look at the content Especially of a lot of the visual artwork that's being turned into nfts on a lot of these platforms It's pretty horrible It's the kind of stuff that you would you would have seen air painted on the side of a van about you know 30 years ago So there's the assumption that just because it's an nft. It's fantastic investment You know if we're talking about something you might want to hang on your wall or pass on to your grandchildren There's not much there that would interest me the one place where I think there might be a tipping point is that I've mentioned the getty before but ucli is very close to the getty museum, right? Which is one of the wealthiest museums in the world? And I can't remember how much of this story I've told before but one of the things that they're considering Is whether or not they want to put some of their high resolution Digital or digitized photography on the blockchain Um, because they lend out a lot of these super high images either to Smaller regional museums where the resolution is so good You can actually display it on a wall and people might come but also to Students and scholars who might want to blow the thing up and actually look at the The artwork with greater resolution or greater greater magnification Then you would be able to do in a physical museum where if you push your nose against the van goff They'll probably rugby tackle you to the ground um, so I mean, this is I mean, this is an incredible time that we're living through but As brendan was saying if you happen to invest thousands of hours or millions of dollars in one of these entities right now There are a large number of Horror stories, which aren't being promoted or not horror stories the sort of um Reservations that maybe should be promoted with equal volume um to the the the positive or um slightly over enthusiastic material that we're seeing on on breakfast television But the idea brendan what you were saying about cross-chain technology is something that I mean, I would love to hear I see already for those of you who have your email on as well I see already that david has sent out an invitation to you to your guides Maybe together with sabastian where you can talk about the way that you've collaborated thus far Um, because certainly what you've done with you know with images in essence, right? is directly applicable to a lot of the assets that That we'll be talking about. I mean can anybody maybe just as a final thought what other um Bells and whistles of people seen embedded in or attached to the nft specifically audio that would make it Interesting over and above its inherent worth as a collectible. I mean, I mentioned lifetime concert tickets Um, eric mentioned access has anybody seen anything else that struck them as particularly interesting What would make her an audio file? um Appealing if you did have qualms about its long-term worth as a as an investment Artwork is one thing I've seen so Rare artwork your eric your hand went up first well, yeah, that's one thing that I've noticed is that the It's it's easy to attach a visual to the audio To make it more appealing and make it more sort of dynamic In in a way. I was somebody had sent a link for this For a Sort of DAP conference or a dowel conference or something And I was watching one of the videos on youtube and the way that they The way that these guys who are in the nft space look at traditional art They just think it's flat. It just sits there it hangs on your wall You can't do anything with it and they want to be able to turn it around and die and have it a little bit more dynamic and and so I think that's one thing that's interesting about the space is that you can have an audio file It's attached and there's so many different aspects of Of that that you can play with uh Sebastian your hands up just uh, I mean Heidi mentioned a couple of of Things that could be connected to an nft but I want to mention because it relates to what john said last in our last call to have like a vinyl limited edition as a physical object and and then this blockchain a decentralized catalog of of physical objects could come into play that you that you mentioned that I find a super interesting Use case that could be connected to these to these nfts so because then it it relates back to the physical world of physical object and that might be something that is the only way For content that is Abundant and is there all the time. I mean through streaming You you it doesn't make any same sense to own a piece of music unless you actually Buy the the distribution rights or publishing rights To it in a way so there needs to be some Some way to the physical world I I would assume Heidi just put up a An observation that uh VR images um holding a second Yes, AR and VR images are already being attached to the files Brendan, maybe it's just as a closing thought. What's the attention? Oh, there you are. There's one right there. Hi. That's cool Yeah, that's neat What would you want to tell us about that Heidi and then I want to ask Brendan with a closing thought about attention dot live Oh, yeah, it was um Just a twitter feed, but these are some AR VR companies like I think sensorian Is russian-based, but they have an office in LA Oben is china-based with an office in LA and they're using avatars AR VR to attach to on top of these NFTs That's cool. Could you send a link to the company? Yeah. Oh sure sure. Thank you um, so I was going to mention attention live uh ian utili um he's um Created a platform that automatically Generates NFTs around audio and audio clips audio files and He is an endless font of use cases for Audio and NFTs if you go out to his website attention live there it's it's It's been a while since I've been there, but it's useful to understand what he's doing the other thing That I wanted to mention Uh, there's always all these questions that come up around when you talk about NFTs about how many do you produce? and Euler beats That's spilled e-u-l-e-r Euler Euler beats Just issued NFTs it's generative art on the blockchain and they're using bonding curves to set the Price for each subsequent purchase. So they they've got a list price at the the for the round one and round two round three and it gets pretty steep and so it puts a cap on the total number of that this bonding curve acts like a It regulates the the the the price and the quantity and it's a pretty powerful concept But sadly I have to jump off this call. I've really enjoyed it. Can't wait to connect next You've got my email anybody out there should feel free to contact me Anytime always glad to be in communication Yeah, thanks for your question birds. See you again. Yeah Yeah, thank you. See you. Bye. Bye. Thank you, Brad I think it's time probably for most of us to go so there's obviously a lot to be done between now and next time when Hopefully we can get Brendan and Sebastian logically together to talk about the way that they've collaborated um I did have another thought but it's just it's just left my mind um Heidi maybe you and I could get together and talk more about using clubhouse Um, if anybody has any other use cases, they would like us to investigate. We will do so. We will upload the video Um, in the meantime, we'll keep hammering it. Oh, you know what I would like to know more about is whether or not people have In terms of the portability of this project Or it's cross-platform potential if anybody thinks that we would be better served looking simultaneously at another chain I'd be very much interested to hear about that But in the meantime, oh, sorry Sebastian, I can see you moving as if you're about yes, I was wondering whether the Whether this um meeting uh time would be like fixed, uh fixed necessary Like a schedule so Do people prefer it? um no regarding the time for the next meeting. It will be uh, uh I think the european time will be 4 a.m. Again Oh, that's right. I just wanted to if I if I may may raise the question whether There might might be some opportunities to reconsider that time because it It crashed the last Yeah um David, do you want to speak about the the ease or complexity of changing in time? Sure. So I just dropped a link to the calendar so everybody has it I mean as of right now, I know today was an exception But as of right now, we're still alternating between asia friendly and europe friendly so the next call in two weeks is asia friendly and then David let me know if this still works, but then the call after that And two more weeks is going back to the normal europe friendly time at 9 a.m. Pacific Yeah, and if if our clocks change, I think on the 14th does that make it worse for europe? Yeah, the that change is coming so fallbacks spring forward So then then then it would be better for you, wouldn't it? If our clocks go forward Because then the time difference will be less Or does everybody think it's for for two weeks if they And then it regularizes Yeah, but I mean in general we can Me whenever we as a group choose to meet but this the current schedule that we've established was this alternating pattern And does well we could refuse to work together unless we meet one day in recuvik or somewhere in the middle Okay, yeah, but I'll talk to david about a way that that is fair It's because I agree Sebastian and Jerome are not getting a very good deal at the moment Yeah, sure. Yeah, david you and I can talk offline about that. Okay. So in the meantime, thanks very much and I'll see you guys Um, hopefully a couple of weeks from now. Yeah Please write with ideas criticism. There's one more question Yeah, can I ask a quick question when people are looking at stuff when I I'm really excited about cryptokitties. You can breed the cats and people can get together and make a third cat And I feel like for music sampling and and what music is about That's really cool. They use scarcity to kind of create abundance by you know having just general people with their cats or their baseline and someone with the drum line If there's some kind of collaboration that can happen with that So if anyone sees something out there that's in the music space that's doing what cryptokitties Has done that would be great to hear about I can certainly see people Turning for example stems into nfts, right? So you might be able to buy a drum beat or a baseline from a musician And then you could say well, this is an official baseline. It's a copyrighted baseline Which is unlikely given the repetitious nature of popular music, but those building blocks. Yeah might make sense as Yeah, reading concept. Yeah, it's a breeding concept. That's what's fascinating So visual art they figured out how to do a breeding thing and so they had this one brazilian artist who created the basics and then Like lego pieces and then the breeding is putting those together So that's what it would be like in music and I think there could be some some way like that But that would be very inventive. So I haven't seen that yet. That would be really cool Why don't you and I talk about that before next time and then we'll we'll showcase some stuff Cool. Okay Sorry, Sebastian No matter whenever we speak to you you always look like someone from a gothic castle because it's never sunshine It's always dark and shadow So you have the instruments of torture behind you It's also the light I need to to find a better better setup See you later. Thank you, David. David everyone


Accounts receivable you'll remember is an accrual component. So if I look at the flowchart, that's when we enter the invoice So that's on the customer side of things if you're in a very simplified business Like you just get paid from YouTube or something then you won't have receivables You'll just record a deposit or if you have cash register sales No invoices so this is an accrual component So by definition if you have to track accounts receivable you've moved away from a Cash-based system and now you're on an accrual-based system because of the the need for you to track The accounts receivable so there could be timing issues with the accounts receivable now one of those issues could be for example that you enter the invoice When you enter the invoice you you actually did the work before the cutoff in our case You did the work in February, but maybe you entered the invoice in March for example So it's not a perfect system the fact that you the invoices recording the sale In terms of the timing frame because it's possible due to the billing structure that you actually entered the invoice After you did the work in the period after you did the work in which case you could result in an adjusting Entry that might not be as common for small businesses But you know that that's one of the issues that could happen the other issue is that Issue with the deposits that we talked about which we'll get into in more detail with the unearned revenue kind of issue Where we said it's possible to receive a payment Before you do the work like to get a down payment or you get a prepayment From the customer before you do the work that should be recorded as a liability But logistically within QuickBooks it makes sense to make a negative Receivable so if I looked at the sub ledger we'd have some negative receivables and we should break that out for financial reporting To a liability so from my perspective This is not a classic adjusting entry and that it doesn't have a balance sheet and income or timing difference account But it works like an adjusting entry in that from the bookkeeping standpoint It makes sense to have a negative receivable because that ties out really well in The sub ledgers because the sub ledgers are tied to accounts receivable as opposed to an unearned revenue But periodically then I can just go in there and make an adjusting entry if I need to so well That's a little bit of confusing one. We'll talk about that more later


All right, the last video introduced you to how to read a chemical equation. Unfortunately there's a problem with our chemical equations. Some of you may have noticed it in the previous video, however I'll just point out that there's always got to be a problem, otherwise I wouldn't have a job.  The way that I'm going to introduce the problem is by telling you a story that is very similar to chemical equations. So let's say that I go home tonight and I say, honey, we're going to have a barbecue. I know at the moment that I'm recording this it is about minus five degrees Fahrenheit out, but let's pretend that I tell my wife we're going to have a barbecue and I say I got everything we need. I got two hamburger patties because screw the kids. I got two slices of bread. What are we going to do? We're going to heat them up and I'm going to make two sandwiches. Two hamburger patty sandwiches, one for you and one for me. And what does she say to me?  How many slices of bread do we need? Well, if you're playing along at home, you should look at this and each sandwich. I know this is overkill. Needs two slices. And if I tell you, if I told her that I'm making two sandwiches, well, I need four slices and you only got two. So she sends me back to stop and shop.  So I come back now with four slices of bread and now my plan will work. I can take two patties, mix them with four slices of bread, heat them up and I can make two sandwiches. So what you say is the original setup that I had when it was two patties, two slices and two sandwiches, you would say my recipe was unbalanced. And when I fixed it by correcting the amount of bread that I needed, then you would say my recipe is now balanced. And this type of problem shows up in chemistry an awful lot. And the principle is essentially the same as what we just did here, although because you're more accustomed to thinking about food, this was probably very easy and you're not so accustomed to looking at chemical equations, balancing may at least initially be difficult for you. May not, but sometimes it is. So what we did here, I want you to think about what we did is, what we did is we had a recipe where the amounts of the ingredients and the amount of stuff that you can make was wrong. It was almost right, but this number in particular was wrong. And so we fixed it by changing our recipe to have the correct amount of ingredients and the correct amount of stuff that you could actually make. And that is what we are going to do with chemical equations. And this whole process that we're about to introduce is called balancing chemical equations. So this is an example that I showed you in a previous video and some of you may have noticed that it's not balanced. Here's the equation, here's the stuff that I started out with. One thing that I should point out is that if there is no number in front of the formula, the number one is implied, so right now there are ones implied to be in front of every formula. So what this equation is saying is, I took 1H2, I mixed it with 102, I heated it up and I made one water. However, if you draw this out in cartoon form, it's pretty easy to see what's wrong. This is one H2 molecule because each red circle is supposed to be one H, so this is an H2. This is one O2 molecule and inside of my one O2 molecule there are two oxygen atoms. But because they're connected, they're called one O2 molecule. And here's my one H2O molecule. And so if you look at this in cartoon fashion, you can see that the stuff on the left does not exactly match the stuff on the right. I've got two red circles here, two red atoms on the left. I've got two red atoms on the right. So nobody got lost, right? All the H's are accounted for. However, I've got two oxygen atoms on the left side and I've only got one on the right. There it is. So what this is telling you is that the equation is not balanced. Or for me, the easiest way to think about these equations is they are just like recipes. And something is wrong with our recipe. We mixed H2 with O2 and we got water, but somehow the amounts are not correct. So the way that you have to fix this is you're only allowed to change the numbers in front of the formulas. You can change this one, you can change this one, and you can change this one. You don't get to change the formulas themselves. You can only change the numbers in front. You can change any of them. You can change all of them. But we're going to have to change at least one of those numbers to make the amounts balance out. Because right now, we don't have enough not enough oxygen atoms on the right. Now I'm going to show you a couple of wrong ways of doing this, or considered to be wrong. And you'll see sort of why I'm trying to point this out. A lot of times I will show beginning students this equation and I'll say it's not balanced and they agree that it's not balanced. And I say please balance it. And they go, all right, I'm going to balance it. Now it's balanced. There are two hydrogens on the left, there are two hydrogens on the right, there are two oxygens on the left, there's one oxygen here, and I made a new one. So this must be the balanced equation. Technically speaking, this is balanced, but it breaks one of the rules about how to balance equations. So you also have to think of this a little bit as a game and there are rules that you have to follow. One of the rules, one of the most important rules is you don't get to add new materials. And that's what the person did when they balanced it this way. They said, not only did I make water, but I also made O. So the way to think about this is even though this equation is not balanced the way that it is, you have to assume that whoever wrote the equation down was competent enough to know that they only made water and that they only used H2 and they only used O2. They were not so horrible at chemistry that they forgot that they also made an O. So you don't get to balance the equation by adding new materials, not allowed. Even though technically they did balance the equation. The other way that is incorrect that students try to balance an equation, let me put the ones back in, is by doing this. I say, okay, it's not balanced, not enough oxygens, there's got to be two on the right. They say, alright, I'm going to balance it. Now it's balanced. This is also considered incorrect, even though technically it is balanced. The other rule is, you don't get to change the formula. In other words, the chemist is telling you, I took H2's, I mixed them with O2's, and I made water. I did not make H2O2, so you don't get to tell me what I made. You have to assume that whoever wrote this equation down was at least competent enough to know that they made water and they didn't make some other material. So you can't change the formulas. Again, the only numbers you're allowed to change are the numbers that are in front of the formulas.  So to reiterate, if you think about this as a recipe, we have a bad recipe. But the only thing that we get to change in our recipe is the amount of the ingredients, or the ingredients, and or the amount of the stuff that we made. So let's get to work and try to fix this. Right now it's not balanced. This side, not enough O-atoms. But I only get to change the amount, I only get to change this one. So the only way that I can fix it is by doubling the amount of waters. So if I change that one to a two, then the oxygens are balanced. I started with two oxygens, I ended with two oxygens. So we're good, right? You should all be screaming no, we're not good. We fixed one problem, we fixed the oxygen problem, but we made ourselves a new problem. We now have four H-atoms. On the right, we only have two H-atoms. On the left, so we unbalanced the H's. So we have to fix that too. And usually the easiest thing to do is to fix the side that does not have enough. So this time the left side, not enough H-atoms. But we only get to change the numbers in front of the formulas. So if I change this one to something else, I'm going to mess up the oxygens which are already balanced. We don't want to change that one. However, we don't have enough H-atoms on the left side. So why don't I double them? If I doubled the amount of H-2's, in other words, if I change this one to a two, then we can count how many H-atoms do we have on the left. We've got one, two, three, four. How many H-atoms do we have on the right? One, two, three, four. H is balance. How many O's do we have on the left? One, two, on the left. How many O's on the right? One, two. O's balance. There are no other elements there. There are no other types of atoms there. So we have written a correct recipe. Or more formally, we have written a balanced chemical equation. That is that two H-2's have to mix with one O-2, and that will make two waters. So another way to think about this is the original equation H-2 plus O-2 makes water. And remember, there are ones implied to be in front of everywhere. This is an incorrect recipe. It's almost correct, but the amounts are wrong. So if I went up to you and I said, look, I've got a recipe for making pancakes, but I gave you the wrong amounts of eggs and the wrong amounts of cups of flour and that type of thing, if you knew enough about how to make pancakes, you might be able to say, you're almost right. You need eggs. You need flour and all of that stuff. But the amounts that you have are incorrect. That's basically the situation that I set you up with, and that you come back and you do this little accounting trick, and you say it's not that one H-2 has to be mixed with one O-2 to make one water. It's that two H-2s have to be mixed with one O-2, and that will make two waters. The whole process that we just did is called balancing an equation. And we're going to do a fair amount of this in the coming videos. So here are the rules for balancing equations. You need the same number of each type of atom on the left and the right side of the arrow. And you can only change the amount or the number in front of each formula. You can change any of those numbers in front of each formula, but that's all you get to change. You can't change the type of material, and you can't add new materials in, and you can't subtract any of the materials that were already written out. So just to summarize, you're not allowed to put a 2 here, because if you did, you're telling people that they didn't make water, and you have to assume that they were at least talented enough to know that they actually did make water. So you only get to change the numbers in front of each formula. So those are the basics for balancing chemical equations. In the next video, you'll do some practice in balancing.


Good morning everybody I'm Tommy O'Brien company live from T F N N 9 AM Eastern time Tuesday morning 30 minutes to go until the start of trading and we get a little negative action to kick things off yesterday all the headlines S M P's positive for 2020 quite a statement with everything going on you have the S M P's eclipsing where we began at the start of January nonetheless pulling back a bit today zooming in we're trading at thirty one ninety seven we were trading at thirty two thirty as of about two a.m. you trade self until four thirty making a low of thirty one ninety we climbed all the way back up to about thirty two oh five I began my program at eight thirty little bit of a sell off right now under thirty two hundred barely at thirty one ninety six the Nasdaq one hundred ninety eight fifty eight made it within a hundred points of ten thousand overnight to a high of ninety nine oh seven we made it to a low at about ninety eight thirteen and currently trading at ninety eight fifty nine the Dow quite a run the Dow has had over the last four or five weeks currently trading excuse me last like really two or three weeks the run begins on May 14th as I've mentioned many times really the run begins I guess you could say on March 23rd right talk about almost up ten thousand Dow points from that level but really a real streak May 14th we're trading at twenty two thousand seven oh four we're up about forty five hundred points right now from that price level at twenty seven thousand two ten jump on over to commodities crude off a bit negative thirty seven cents you see the run on crude you start the year at about the sixty five range you go down to six dollars and change some of these contracts actually slipping into the negative currently trading at thirty seven eighty four right now after climbing above forty dollars briefly on Sunday night gold contract seventeen twenty two eighty right now gold charging higher by the tune of about seventeen dollars putting this on a little shorter time frame gold contract there's your low on Friday of sixteen seventy one we trade higher yesterday and the run overnight begins at about two thirty a.m. we were under seventeen hundred you got gold trading at seventeen twenty two sixty silver trading at seventeen ninety one and notes and bonds right now you got a little bit of higher price lower yield the tenure up fourteen ticks at one thirty seven twenty three you got the thirty year up a full point and twenty one ticks at one seventy four seventeen and as we wrap it up how about the whoops not the viz the VIX as I covered at the end of my program that little negative action what just happened there right the VIX twenty five seventy one the lows on Friday twenty three fifty four stay tuned folks we got a man Larry Pezzvento coming up live at nine I'll be back at ten o'clock with Tom live programming all day at TFNN as I mentioned we got a fed meet and starting today we got your own power with the press conference tomorrow it's still earning season as well stay tuned folks live programming all day we'll be right back