Transcripts For RT To The Moon 20240714 : comparemela.com

The thing to do with anything i think you always have silly people i think some of this stuff would win them both and all the soviets or parts of the old world that would die away too so as we draw people to the spirit of what weve been doing in creating in the space of big coin i think. That. You know activity has a shelf life or is is not the long term thats the here and now like you know we got involved in getting your you know max was so helpful in showing us the way we didnt look at it as how much was big corn were we looked at the fact that we had a new way of doing transactions how we can interact with each other he spoke about a way that we no longer would be limited to or controlled by people who never respected us anyway so i think some of the leftovers of the or residuals of this current environment is just kind of spilled over into this new world that were creating but thats going to thats going to go away also 2018 continues the i. C. A. O. Boom in fact more money was raised in 2018 then the epic amounts were raised in 2017 in the 1st 3 months of the year a total of 6300000000. 00 is raised and i see. Q one saw 59 percent as many i. C. s raise capital as all of 2017 by september 2800. 00 there was over 13000000000. 00 raised for initial coin offerings these are genuinely magic internet money its just fabricated at a thin air sure because the market was beginning to deflate but people were not believing the bull market might be over so they were buying into it still quite aggressively and thats always the case isnt when these bull markets start to roll over the 1st 1020 percent drop is usually met with skepticism you know its just a little bit of a pause and well be right back to new highs shortly and money kept piling in of course and seem cheap if you like the 20000 to love 816000 there were by this time in 2018146 Crypto Hedge Funds. They exploded onto the scene and 2018 this compares to in 2012 there were just 9 crypto based hedge funds that correction in 2018 was in part due to the fact that we started to actually financial lies because i mean in a negative way we started to have coin lending that wasnt backed by the actual coins we started to see i think ation come into and we havent even seen the big wall street money yet weve just seen wall street money from hedge funds on the edges but wait till the big wall street money comes in then its then then its actually going to be even more surprised suppressed at the price suppression comes from the fact that there are folks that are accepting a big point iou as if its the real thing when we store our big and in exchange what we own is not decline its a fake when i owe you and we have no idea whether the exchange has as promised more of those than they actually have in their reserves but all that said i think in the long run though all of these firms who are playing this 3 card monte game with decline will end up being wrecked in the next bear market sure the Crypto Hedge Fund is a big again from wall street and they generally show up late stage in the cycle and theres a lot of activity and a lot of easy money can be raised and a lot of bad bets can be made and a lot of tears can be shed and it all happens quite quickly and the evidence of this would be found in the lambo dealers marketing directly to crypto holders you know they would fully expect at that point lamborghini to come out with the model expressly for a bit going or as you know thats how much speculation that this was driving into the lamborghini market and. You know when you have the shots on the new lamborghini dealers talking about the latest investment craze thats generally top i remember in the stock market. They had a lot of reports of course dealers getting a lot of orders from instead wealthy yuppies and 20 somethings on wall street of which i was one of them and that was the top of that market most people joined during the bubble cycle when our industry as an air force one on board people into this new thing. And then shortly often we get a crash and weve always seen in typically. 80 to 90 percent correction in some cases. But eventually that drives out all the forwards and all the people that were meant to be here and we focus on building and making Better Technology and Better Solutions and better ways of them boarding and that eventually leads to another. Big point history is always going to new highs so you were also around during the dot com bubble and burst and during that time what a lot of ordinary companies did in order to attract that hysterical capital was they added dot com to their name whatever the company was they were just add dot com here were seeing at the same Time Companies starting to add block chain to their name Long Island Iced Tea company as a block chain to their name and what happens of course at the same time the price of their stock does soar on the news of them adding blocks to their name. Heres a crazy story from the Financial Press how people are like literally theres a mental breakdown here commodities expert is nonsense and ill never buy any 2 months later i bought stock in a fake block Chain Company that was exposed as a fraud and dropped 33 percent in a single day that was it was a lot tweeting about Dennis Gartman Dennis Gartman is a very well known guy on wall street he writes the gartman newsletter lots of big banks here on wall street buy his newsletter for his expertise on commodities he was seeing a b c 2 months ago dissing hard how because it is nonsense. And ill never buy any well apparently he had to inform his investors that hes basically made a disaster is that and lost big time on riots a blot chain remember this it was like a Biotech Company that suddenly out of the blue changed their name to a riot block chain and that they were going to become a block Chain Company instead and their share price like sword. Then you were a 2018 we saw block stream launched a Payment Processing system with retailers block stream also noted that lightning was live on main that with 60 nodes operating as of january 18th 2018 and should be considered in testing lightning is a way to move because its very very quickly its for payments so you can essentially spend your because instantly and with very minimal fees and is the key to opening up a circular economy where people can start earning and spending fluidly so Lightning Network is this new layer that has been built on top of that coin its actually very similar to the layers that comprise the internet itself where the base layer of the internet is this global flooding broadcast mechanism which would never be able to scale to the levels that we see today with the internet so instead of the way that the internet was scaled was by building other layers on top that make it more efficient specifically layers that allow you to route to data so that it is going through a minimal number of nodes on that network to reach its final destination Lightning Network works in the same way where we are we are entering into a big coin and the block chain is the base layer but then building a router the route of networks on top of it so that if you want to send a payment to someone on lightning instead of having to broadcast to the entire network like you do with bitcoin on the main block chain and. Youre only talking to a few. Shortest path to get your final destination that youre trying to pay every time youre broadcasting your transaction to the because network you talk to everyone its like if you want to go youre calling every single friend and saying im going out now but with lightning youre only talking to who you need to talk to when youre going to buy a coffee youre paying the person you want to pay in a channel running through a few other parties but its just one channel not the entire network the way we look at this is. Everybody. Shares or. Their gold. Coin is going to drive massive amounts of transactions. And if a 1000000000 people were going to try to do this next month. Now whats great about what you were talking about lightning is that it provides a scale ability layer that levels the Playing Field for access. To be a universal payment layer that everybody could just publish. It cant handle it right actually very inefficient but it was designed to be. Thats the price of. Lightning actually adds a layer of efficiency on top thats not decentralized per se but in theory is almost as secure and allows us to publish a 10. 00 apple share purchase for example and so. Thats why im super excited about some of these new technologies coming out. Chemicals we know that these chemicals have consequences they are major irritants theres no question otherwise why would that the Chemical Company workers themselves be geared up that suited up locals attempt to combat the on regulated experiments that often in day you have many of these people who have one foot into the biotech pharma and the other foot in the government regulatory bodies this kind of collusion is reprehensible while the battle goes on the chemicals continue to poison hawaii and its people so one has to ask the question whether there is a form of environmental racism going on in hawaii whether these Companies Feel they can get away with this because the people have less political power. What politicians do. They put themselves on the line and they get accepted or rejected. So when you want to be president. Or somehow want to. Have to go on to be prochoice its like that before 3 in the morning cant be good. Im interested always in the waters in the. Question. What do you do before you came here where did you work before you came here when you live well death row im in many us States Capital punishment is still practiced convicted prisoners can spend years waiting for execution but most of the time the victims families they are very much in favor the Death Penalty there are some people that because of what they did have given up their rights as live among us somebody even proven innocent off 2 years on death row and how many more exonerations is it going to take before we as a society realize that this is not working and we actually do something about. You know. Big partisan movie lot and conspiracy its time to wake up to dig deeper to hit the stories that Mainstream Media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the fast and shouting past each other its time for Critical Thinking its time to fight for the middle for the truth the time is now were watching closely watching the hawks. So so Lightning Network solves the scale ability issue this is solved by slow builders who are building a Solid Foundation for the entire ecosystem of bitcoin big coin itself is layer one layer one needed to be secure safe and solid increasing the block size would have made it less safe had we increase the block size now that the civil war is over Lightning Network can happen it could build layer 2 upon layer one just like our global system around us which is built upon gold which is layer one of the Global Financial system good analogy thats exactly right so you have the basic foundation of a quantum which is solid and prove themselves with 99. 999 percent up down and now we have layer 2 transactions that are tied to but coin and lightning is a good example of that in lightning and looks like its a winner on march 15 2018 lightning labs c. E. O. Elizabeth stark announced the initial release of l n d 0. 4 beta for developers with the intent of making it available for testing purposes on the mean big Queen Network prior to even decor and id always wondered you know why do you easily just say and money to people on the internet why is it so difficult you know if i hear a song i like to just give that person say you know a dollar or read an article or a blog post or watch a video wise or not theres need of way to send value money on the internet. And im sure many of you know early you know the creators of the web envisioned in the early ninetys that there would be this native value and payment layer for the internet before 2 error code but it never came to fruition back then you know we had things like charming eke out. And there were a variety of potential proposals but at the end of the day they were centralized and of course as we know with centralization comes all sorts of negative implications. So when i 1st heard about decline i thought wow ok heres finally this way for people to needlessly transact to finally you know to credit underrated the internet of money but of course it turns out you know the decentralized nature means that if you can have 5. 00 to 10. 00 transactions per 2nd because you want to maintain that the centralization well thats not going to be able people to transact instantly immediately so much like the late architecture of the internet the idea that equipment have this layered architecture made a lot of sense to me and kind of knowing about the way that the internet of all so thinking about the transaction layer from a quite in this native way to transact you know why is it so easy right now for me to send a photo in any out interoperable standard why dont we have this interoperable standard for money and value and thats really what i see lightning out so this is when the term reckless came around because it was very much like the very very early days of bitcoin especially the 2009 and 10 when there were all sorts of bugs being found a 184000000000 big quite imprinted its experimental there is a caution in the basic when world people dont for good reasons cause people to lose money. And so there there was this sort of Rebellion Movement against the reckless mean that came up on. Twitter. And weve kind of been on the wreck the side of well not always encouraging customers but at least you know taking risks ourselves i think that from a company standpoint you know the really reckless thing is not exposing your products to customers so that maybe you spend a bunch of money building something that nobody wants right well you know the culture of technology in america comes out of the Aerospace Business to a large degree and that gave us the. Test pilots and the astronauts and men living on the moon the builders of the cern particle accelerator in switzerland some would argue are being slightly reckless because they could in fact create a black hole in switzerland will gobble up all of our known reality right that seems reckless to me and yet they go ahead and do it because thats what we need to get to the next state of our consciousness and our global consciousness and our collective unconsciousness of whats bitcoin is a native currency of our collective unconscious our collective unconscious is also found on twitter where we all sputter and spout our words and i bring that up because jack dorsey in march of 20000 is revealed as investing in lightning labs Elizabeth Starks company he mentions lightning and that he likes it and so youre getting those visionaries those thinkers those more of a Silicon Valley big ideas guy starting to say and jack dorsey himself says that on stage at consensus that big queen is. Money for the internet and that its the future. So from april 2800 to august 28th the big question Lightning Network had a monthly growth rate of 15 percent the number of nodes increased from 15023000 the number of channels increased from 4211000 we are seeing know the transition from bit coy as a unit of account to. So as bitcoin gets 200008 110000000. 00 per bitcoin people are going to be referring to this a toshiba which is 100. 00 millionth of a bit coin interims of the 2nd layer and the importance of that to be queen as a unit of account i think its quite interesting that brad sherman this week. Actually said. The u. S. Dollar is a unit of account and its i mean if you know how we ended up with the fiesta. So writing on top of gold you know that Credit System and all that stuff was built as a 2nd layer essentially on gold and yet that 2nd layer system whereby you know gold distortive fort knox and the bank of england. That the no those are the nodes in the gold system that allowed this global trade to emerge but it was always subject to cheating because its a centralized ledger so now we have a decentralized ledger lightning and now a big question because of lightning and the stuff that will follow it doesnt allow that going to threaten the u. S. Dollar as a unit of account i like to say you know because i know and the millennial retirement account right like a lot of my friends is like no they dont necessarily have the traditional means they dont trust the traditional Financial System and theres a good reason for that and its not just generational but you know a lot of us in the wake of say you know 8 and we dont trust these institutions i mean we no longer have faith in systems that previously you know people put a lot of faith into and so you know my going to trust something that is backed by global you know decentralized community and system that is not dependent upon any one agency or my going to back something you know that you know in the past you know had a lot of issues and may in the future you know fail in a variety of ways like im going to put my faith in the global decentralized technology at the end of the day right when gold was used as money people way able to hold onto a store of value and. Think about the long term think about the future and that in turn led to a much better way in which humans cooperate as long mother lived in peace with one another where more creative where more productive accumulated capital got for it so i know when i was you see the opposite happen in periods where money is destroyed because when money is destroyed you know money is not expected to hold onto its value so people dont save much for the future they dont think much of the future they start thinking. More of t