Bank runs appear to be the in thing for 2023 and Bitcoin seems to be holding its own as the hedge against the collapse of the US dollar. Tim Draper even recommends that startups hold bitcoin for that very reason. Now the US government's going after CS and Binance for selling illegal securities. Elon Musk trolls Twitter users and Dogecoin Pops 30%. Jp morgan Trolls ripple on behalf of the SEC and the courts are trolling Michael Turpin in his bid to recover $24 million that was lost when his
SIM was swapped and boy, is he pissed. As for us, well, we're going to continue trolling you on this bad news. Episode number 677. Of the Bad Crypto podcast.
543010.
It's the Who's bad.
Welcome to the crypto podcast. The show for the crypto curious in the crypto serious we are trolling and. Rolling and Travis saying.
That is good. Yeah I bet they're thinking at this point like oh, they're going to troll us. Like why do I even listen to this show? Because you have a sense of humor. You love technology and you have a sense of humor, so you've come to the right place. If you take in life a little too serious, you might be in the wrong place. But if you like to crack jokes and have fun, be a little bit of a smart ass. Make make corn jokes. You're in the right place. You have found bad. Crypto is not bad. We are.
We are. But are the markets bad? I don't know. Let's take a look. Timestamp is the 4th of April at 1:30 p.m.. Atlantic Standard Time. Total Crypto Market cap $1.2 trillion. Bitcoin 28,001 61 Ethereum on a 9% run this week. Look at that spike up 1870 BNB 311. Even with the news we're going to share about XRP has been on a little bit of a move this week. $0.50 Cardano 39, Dogecoin, nine and a half cents. Polygon a buck 14. What do we got for big winners
this week? 12. Holy cow. What is. Oh, look at that. Well.
That's pretty impressive. I'm not even heard of that. But look at that 24 hour volume, almost $900 million. That to me says, Travis, you should probably look into that and see what that is, because I've not researched that. Casper never heard of Casper. I have heard of Casper Network, which is great. And then look at Dogecoin right there, 30%. That was pretty impressive. And there's some other stuff that's been popping up as well, but we're looking at Joel screen.
So there we go. Those are the yeah, we'll.
We it might be time for a maybe not a crypto roulette but for us to do a show where we go through the top hundred and look at some of these that we have no idea what they are.
I think maybe the top 300 might be good because top 100 is is is a certain class. But it's like those ones that are I think are the ones that are like 75 to 150 is like a really good range probably because it's like those are the ones that could, you know, you can go from 150 and next thing you know you're in the top 20 if something hits big, right? So maybe what we'll do in the near future is we'll take a look at some
of those maybe number 75 to 225 or something. I'm looking at 150 of them and see like what's out there. So it's interesting. I think I don't dislike that idea at all.
I'm going to look at number 232 because now you got me on a thing here and I'm just going to be totally random and go number 232 is Energy Web. Never heard of it. Not going to dig into it right now. Going to go into the story here about Bitcoin, liquidity has dropped to a ten month low and it's it's getting harder, I guess, for people to to get the coins that they want because of the banking crisis.
And that's where like when Bitcoin eventually does do the pop pop, it's going to be because people can't get their bitcoin and they're going to buy them for whatever they want. Remember, gang, there's only 21 million Bitcoin ever. About 19.5 million have been mined. It's going to be 100 years before the final Bitcoin is mined. You got to figure that 4 million are lost. A bunch are
in strong hands that are never selling. So you've got 8 billion people around the world that are going to be clawing their way for about, what, 13 million Bitcoin that is?
Yeah, I don't know if you mentioned how many are potentially lost, but that's like I've heard we've heard as few as 2 million. I've heard as many as 5 million are lost, like how many are lost? And that says how many of them are selling them, How many people are wanting to get rid of their cryptos. Right? So it would almost seem that the you know, on a normal cycle, Bitcoin might not be ready to rock
and roll on a normal cycle. But if you've looked at this economy, this is anything other than normal at this point. And this could be the mother of all for the collapse of well, we know the banking of crypto friendly banks are starting to go away. It's almost like when you see the Restrict act and some of the other stuff that's going on. Joel It's almost like crypto is under fire big time in America. It's almost like the elites have said, we don't like it almost.
It's I'm trying.
I'm trying to not be a conspiracy guy all the time.
That's clearly under fire. There's not even a question about it. Now you have exchanges volunteering. I got an email. From Bittrex, which I've used in the past, and they're like. Hey, you know what guys do. To questions about regulation? We're going to stop offering to us customers, You got 30 days to get your stuff out. So yeah, so long.
Have a good yeah, with my son. Last night we told him about it and he was like, Oh my God, really? And he got.
A bunch of his stuff.
Off of there.
And Julie had a great conversation with him last night. Actually, we got I got on Discord Server we were working on and I ended up having like a three hour conversation. If you have teenagers or somebody who's in their young 20s or, you know, under the age of 30, get on discord with them and have a video call like you would normally have on a Zoom business call or something. I think that's the kid's choice of place to hang out. And so give them a call and hang out and
share your screen. I was teaching him all kinds of AI stuff last night. Joel Which was pretty fun.
Nice. You know, one of the traditional hedges against the the dollar falling has been precious metals. And just, you know, to point out crazy times. Look at this, the price of gold back over $2,000 an ounce and silver. Yeah. I mean, you could see when the when the rails, you know, wheels started really falling off here off the banking system and ba boom.
There's not even that big of like, oh my God, look at that. Yeah. It's gone up 2%.
Yeah.
Right. I mean, it's like not huge, but any, I mean, realistically, in my opinion, Joel Gold should be probably $20,000 an ounce if not $200,000 an ounce. Really.
Thing is, we don't know what if, what if, you know, huge deposits of gold or in silver are discovered on Mars, You know, all of a sudden there's like we don't they they estimate how much is in the earth and how much is in supply. But all of a sudden they could discover all these.
It's not finite. It's not like Bitcoin where there's only 21 million because we could literally be there could be a big, huge comet that flies by or some asteroid that's all precious metals mostly. And there's a lot of scientists who think that that's a probability, is that there's, you know, big meteor meteors or asteroids. I'm like, Dude, give me some of them's or or maybe we just need to learn some alchemy. Joel, and turn lead into gold and be like, Oh, I need to turn lead
into Bitcoin. I get into gold, trade it for Bitcoin. That'd be.
Pretty good. Well, that's.
What we do as entrepreneurs, right? We're always doing alchemy and spinning nothing into into something.
So thoughts, into things.
This thing about season. So bitcoin is up crazily even though Binance and CC could be in trouble. And you know, in this story he is under investigation by US regulators and is wanted by Interpol. And so like Binance is, is not the last exchange by any measure. There's a lot of exchanges. But in terms of one that has served US customers to some degree and is the biggest in the world, this is kind of a big deal.
This is the to me, it seems like it's it's the final frontier, right? And it's like, here we are. We're we're fighting for decentralization. But now what's happening? People who go, oh, no joke about conspiracies.
And government has nothing to it.
Government has everything to do with this whole thing. That's like. So when we talk about some of these conspiracy theories, it's not so much about, you know, all these people are bad because I don't think most politicians are bad. I think there's a few that are nefarious and they are so in it for their own public gain that
they don't want to see other people have gains. And so, you know, it would seem to me, based on what I know and the research that I've done around and the conversation we've had with this dude, they seem to try to do everything on the up and up as much as possible. And it's like if they want to go after people. Joel Why is Sam Bankman-fried? Why do they just let him go? He came to America and
he was immediately out of jail. Why? Because he donated millions and millions of dollars to a certain political class of people who said, okay, you go now we want to take down the other people and make people scared to even do business in America. Right. So they can then kill all the crypto on and off ramps. How do you hedge your bet on this? Get yourself some Bitcoin because worst case scenario is you're going to have Bitcoin be able to trade Bitcoin to Bitcoin and circumvent
the system that is crashing anyways. Basically, we're going to be moving to a BRICS economy before we know it. As the dollar becomes worth less and less and less sounds.
So conspiracy theory and yet all you got to do is look and go, This is exactly what's happening right before your eyes. And conspiracy theorists are pretty much batting a thousand. So Tim Draper, always the optimist as far as Bitcoin is concerned, says, Hey, if you're in a startup, then you probably want to have some Bitcoin as a hedge because you know what money you do have. If it's in the banks, it might not necessarily be safe
and he he might be right about that. Of course, you know, if we went back and look at how many times Tim claimed something, predicted something, especially the price of bitcoin you know he's he's been extremely optimistic about where the price of bitcoin is going even in the short. Term. And it just it doesn't move like he always says it's going to.
But we're in a place now, Joel, where the liquidity of available bitcoin is low, lowest that it's been in ten months, it's going to get lower and less and less. People are going to want to sell their Bitcoin. It's going to get to a point where people aren't willing to sell it at this price and so that's going to move the prices up. Once Bitcoin starts cruising up, most all the other bitcoins are going to start cruising up as well. And so then a big bull run
is going to happen. So we are at the precipice of potentially an unprecedented bull run due to the fact of aggressive regulation and people trying to put the kibosh on crypto. For one, they never understood it. Now they're at the point, Oh shit, It's kind of a it's kind of a threat. How do we stop it? Oh, well, we got to start killing the banks that are most crypto friendly. Oh, which one do they start with? Which one goes down? Oh, Silicon Valley Bank, which houses and
helps all these entrepreneurs. So it's interesting. Is there a battle going on? Most likely. Is this financial advice? No. However, pay attention because, you know, there's a lot of stuff going on. And you know what? I was having a conversation with Chris Snook the other day, and I think I mentioned it on another show, but it's like there's no shortage of things to look at. If you want to complain about something, there's no shortage of things to
look and find that upsets you. One of the things that we like to do on this show, which we have done for the longest time, but we still talk about some of the things that that we bitch about because we don't like. We're going to let you know about them. But we also bring really amazing technologies as we learn, as we as we try to help everyone understand that things could get a little crazy. So let's all figure this stuff out so we can find a solution to help us.
Avoid.
Massive craziness. And, you know, we're looking for the optimistic things and trying to intend and create great things. But sometimes there's just crazy shit going on and it's hard not to talk about it.
Joel And on the last episode we had Maine Senator, State Senator Brakey on and talked about legislation that was going to be coming before the the Maine Senate. So John Deaton is going to be testifying before Maine State for a crypto policy. This has to do with the bill that Senator Brakey is going to bring to to people. And John Deaton has been chosen by the XRP community to to represent the first crypto policy. It's going to follow the standard of the Wyoming laws that have passed.
Of course, Caitlin Long, friend of the show, has been with us many times, is helping support the the Bills advancement. And, you know, XRP is just one of those things that the people that are in the community, the true fanboys, they just they're like Bitcoin purists. They can't see anything else. And I'm not saying it's a good or a bad thing. I'm, I'm fine. Any, I think any crypto other than the Cbdcs and the Fed coin is probably going to be
good for crypto. But I like to look at all these things and if XRP ends up going boom, then I'm fine.
I would not be surprised. I mean, think about it, it's all time high. Was $3 in something. And the reason the price is so low right now is because it's not easy to buy for a lot of people. Like, I can't we can't go out and buy any XRP on Coinbase like we used to or some of these other ones. There's probably some VPNs and some other things to try to go. But that's a that's a big
hoop you got to jump through. And then a lot of these exchanges have been doing what they can to try to match regulations and be like, okay, we're going to try to work with you guys. But the powers that be don't seem to try to be working with them. They're just trying to create these these ridiculous rules. And but I like what you said about that, about Ripple and, you know, some of the things that's going on on that. It was $0.35 not long ago. Here it is, $0.50.
This right here could be poised to go kaput.
Well, and this is something interesting in this that the question is, is the SEC being influenced by JPMorgan in this ripple lawsuit? There's a Freedom of Information Act that's been put in saying, hey, is. There something shady going on Here is always.
Some shady going.
On. And the answer is yes, of. Course there is. Of course there is. You're talking with people that are they're greedy. They're just in this for themselves. They want to stop anything that's a threat to them. And there's some confidential documents and communications that are being asked for. I really don't know how this whole thing is going to pan out, but I sure hope that Ripple I'm not cheering for XRP
as a coin necessarily. I'm not not cheering for it, but I would like to see the government lose this case. Well, any time the government.
The judge and the jury. And if those are stacked, you know what happens when that happens. And now fun news. Dogecoin exploded. I don't think I saw this or not, but Elon Musk changed the Twitter icon from the bird to the doge there.
And there it is with how.
It went up 30 something percent originally. Overall, this was out yesterday. I think it was up 37% as of now in the last seven days.
So this is.
Trolling right here. This is master level trolling that have no.
What could they say that?
Oh, you put a doge logo up there. That's doge manipulation.
Like if he has a bunch of dogecoin and he changed that logo and put it up there because that's his stake holding, can they come at him and say.
Hey, you were manipulating your crypto Do like.
Because they could probably bust him on that because we used to be land of the free. But it seems like.
Those kind of he doesn't care.
He doesn't care. He just does not care. He's like, I'm the richest man in the world. Screw you. I'm going to do what I want. Look, he posted this meme pulled over by a cop as a doge, pulled over by a police officer, and he's got wings on them and he's showing the driver's license to the police officer and he's got a Twitter bud and burn on it. And the doge says that's an old photo. I mean that's just. That's, that's so Elon Yeah.
So I'm using the new app, I'm not using Twitter anymore, I'm using Dozer, which is.
It's.
The new Twitter I guess I just recently went through down. So my tweet stream typically lasts about 30 days and but then whatever bot I was using to clear out those old ones weren't clearing them out. So I had stuff going all the way back to like November. So I just cleared all of my stuff, so there shouldn't be any tweets of mine that's older than a month because you never know. Like sometimes I'll get on a little rant phase and I'll be like responding to people.
Then I got all right, I got to I got.
To delete all those.
That reminds me, I'm probably do I do the same thing? I like treating them as ephemeral. I feel like they should be treated like Snapchat used to treat content. You put it up and 24 hours, it's later, it's gone. Like, what's the point of having old tweets unless you're trying to get somebody finally from space, from beyond? We got done talking about Elon Musk. He's doing stuff out there in space. Well, there is a satellite that is orbiting Earth.
It is blockchain powered, a crypto SAT, and it's going to be a contributor to this Ethereum K, Z, G ceremony. This is part of the cryptographic foundation for Ethereum scaling. And this contribution is coming from outer space. What exactly is it going to do?
How does it all.
NICHOLS.
McCluskey.
What is this? Is that what did it say? Is this the honor, the KGB, the G? Oh, that's different. It's like thought they were talking about the FBI for a minute. I was like, what do you mean the KGB?
Anyway, so there's a beacon out there in space and the satellites going to be sending data that can be verified with the use of this public key that was created in space. And this is pointy headed stuff that, you know, I don't understand, but it's kind of to me, it's just cool that, hey, there's a satellite out there and it's on the blockchain and and it's going to be sending packets, you know, back to Earth to do some crazy stuff.
And, and I wonder how.
Long until Elon Musk does that with with StarLink, you know what I mean? It's like you're using StarLink. And if you're using that with the Internet, then you're earning some StarLink tokens or something. You know, it's like there could be something cool with all of that. He's got all these satellites already up there doing stuff, bro.
A couple new reviews here, five stars. We appreciate that by awesome show host and guest Joel and Travis. A unique way of making everything entertaining, even tax. I've listened to them since 2020 have learned so much about crypto nfts and the macro implications of these. The NFT drops have been a great help in understanding how it all works. They're now also getting into AI, and I look forward
to the perspective. Of course they're talking about the bad AI show which you can go and check out, subscribe either audio or video version. Bad AI show is the the place that you want to do that. And listeners of that show are having opportunities to get nfts that listeners of this show don't have because you know, you got to listen to both all the shows, right?
Yes.
As Joe mentioned, you got to be part of it to to be able to participate. So one of the things that is really fun that we're doing is this nifty club here, bad crypto dot uncut slash our network if you just go we originally it was bad.
Crypto.uncut.fm now it's a little bit longer.
Goes to the same place but we have this little card right here, which is now $3.74 because the price of Ethereum has gone up. But this right here is the the bad crypto. Don't nifty club you get this and this will allow you to get some airdrops. But then every once in a while we also have things you can claim on your own. You've got to go into the platform and go claim them. Now, we did
this with this character called Captain Corn. Captain Corn was one of the very first nfts the very first day that I got access to Midjourney, I created Captain Corn and we put him out as an NFT, one of our very first nfts that we launched.
He's great.
You could claim it.
Well, he's turned into a whole world. Joel Yeah.
Yeah. You have been really having a lot of fun with AI, and you've created not just these nfts, these ten king wizards and a corn wizards and a king, but a whole story. There's a discord and there's big plans for this. And if you had the corn captain corn, you got dropped. Each one of these, there's ten of them and you received one of these randomly into your wallet. If you missed out on these, there's going to be opportunities to get others, but there's going to be corn queens.
There's going to be corn princes and babies. There's going to be stories. We're talking about maybe doing, you know, a show production around this. This is this could turn into something really special. And you guys don't want to miss it. So go to bad crypto.uncut.fm and make sure you pick up one of the bad crypto nifty club Nfts. You'll find that one depending on which page you go to at the top or the bottom. That's it right there. We wanted to give them away, but then bots get them.
So we're charging you 0.002 eath, which currently is $3.74 Pony up and you'll be getting some cool stuff from us.
Yeah, we have fun with that. And so one of the ideas what's so funny about this corn thing is it started with the corn poop joke because corn is the only food you get to see twice as it comes visit you and you listen to bad crypto. You know, we got these corny jokes all the time. Well, now, now let's turn into a corn kingdom. And it seems to me that as we build this thing out, it becomes a mixture of sort of like the Care Bears meets Harry Potter meets Game of Thrones, meets the Sweet
Pickles book series from back in the day. Right? So there's like all these little maybe vegetables thrown in there, a little bit of that. And so kids, Joel and I were having this conversation the other day when we were kids. You know, we got to see Sesame Street, early stages of that. Joel You got to see the very first episode of that live, right?
I did. My mom, I remember my mom picking up the TV Guide and say, you know, sweetie, there's a new show on with these puppets, but they're called Muppets and it starts today. Do you want to watch it? And I was like, Yeah, you know, it's probably five years old, 4 or 5 years old. And we we watched it together. And so I still remember her coming to me and asking me if I wanted to watch the show and have all the weird things you could remember. Yeah. From your childhood.
But yeah, Sesame Street is so impactful. It was like, whoa, like, yeah, Like I remember like, all those songs, they had like, positive messages and you had Mister Rogers. So PBS back in the day was all about empowering children. Now most media is about indoctrinating in some way their own beliefs. And so let's get back to a morality sort of base.
Here are some emotions everybody has to deal with. Here are things and challenges everyone has to deal with, but you got to work through those on your own to become a healthy adult because we all have issues we got to deal with. And so that's kind of what the thought process is on this as it has evolved into its own corny kingdom of Cornucopia.
So stay tuned. Make sure you're in the community. We appreciate you guys. We appreciate your reviews. You can write us any time we read all your emails. Don't have a chance to reply to everything but bag Crypto podcast at gmail.com is a place to do that and lots of great content heading your way until next time you know what to do and if you stuck it. No don't do that. Different. Oh different.
Yeah. Wrong show. That's the epic shit show. No. If you're a listener to this show, you want to stay there.
Who's Dad?
The Bad Crypto podcast is a production of Bad Crypto LLC. The content of the show, the videos and the website is provided for educational, informational and entertainment purposes only. It's not intended to be and does not constitute financial investment
or trading advice of any kind. You shouldn't make any decisions as to finances, investing, trading or anything else based on this information without undertaking independent due diligence and consultation with a professional financial advisor, Please understand that the trading of bitcoins and alternative cryptocurrencies have potential risks involved. Anyone wishing to invest in any of the currencies or tokens mentioned on this podcast should first seek their own independent
professional financial advisor. This just in, breaking news for those of you sticking with us after the disclaimer, by the way, the disclaimer still covers stuff that comes after the disclaimer. It doesn't have to be sequential. Back in episode 235, our friend Michael Turpin was on talking about the $24 million in crypto that he had stolen. I just heard from his press person and apparently the courts have dismissed the case that he has. I mean, I'm just going
to read this. I'm shocked and baffled by this ruling. This decision is especially mystifying since the court twice previously refused to dismiss the case. Sadly, the opinion ignores long standing federal law and a mountain of evidence that AT&;T was grossly negligent and consciously disregarded its legal duties to
protect its customers from this type of cyber crime. He goes on to say, It's a sad day in America when a victim of blatant Internet theft of $24 million enabled by AT&;T is deprived of his day in court. And he goes on to say, I intend to appeal immediately to the Ninth Circuit, where I'm confident that I will prevail. It's an important case for consumers who are entitled to the protection of their data. And he he
is not happy. And so we thought we would share that with you as well and hope that he does indeed prevail.
Yeah.
So, you know what? Here's the thing. I would look at it like this. You know, if we had a true justice system when we could go in and follow the money, you'd be like, well, it'd be a lot better for AT&;T to pay a couple of million dollars to a circuit judge or somebody. Right. Who can have the power maybe some day or something that can make something disappear. Then they have to pay. Michael Turpin $24 Million. So, you know, it's like maybe there's a something there.
And I don't have any evidence about that. That's just all.
Conjecture. CORN Gesture.
Conjecture.
Jack What rhymes with Jack?
A raksha.