to paris and then london, and focused on writing musical scores, which suited his diverse styles. i don't like to repeat myself, proposed to repeat something, is only how that issue can't do anything else or because after repeated beggars, you find the recipe in order to show brokerage. sure. um i was trying also avoid gut. ah, space was also a subject of infinite fascination for van gillis. his last studio album, juno to jupiter, was a score to the nasa exploration of the juno space probe to jupiter. his own tribute to the mission. one of many that came to to find the artist his own right. ah. secrete look at that line stories and out rushes defense ministries and the last

ukranian fight is held up in these all stell steelworks plant have surrendered, ending the month long siege grains military leaders had ordered them to stop defending marybelle to preserve their lives. russia says more than $2400.00 fighters of lay down arms since monday. the plant was the last part of marybell, not controlled by russian forces. after weeks of bombardment. meanwhile, ukraine's president is as released security video showing a russian miss highlighting the house of culture. elizabeth city near har. keith, he says there was 7 victims, including an 11 year old child elsewhere. russian troops have been ramping up their assault on the east and landscape region. and germany has signed an energy partnership. deal with cat are in an attempt to reduce his dependency on russia. cat as a mere says, they are aiming to send liquefied natural gas from 2024. that's it from me for now the stream is coming up in just a moment. but we leave you now with memories of shreed black left the voice of

palestine. ah no, not a from with a view to what he said as to what the hell that the put up with a

shooting a lot of veto ah and i i as i me okay, welcome to the stream. in the past few months, almost half the global market of digital currencies has been white out. so what is next for crypto investors? so on today's show whether you are

a new novice and you don't know anything about crypto currencies or if you are crying in the corner because your coin base wallet is empty. the show is for you. on the comments section, join us on youtube. put your comments or questions there, and i team of experts will be ready and waiting to help you out. let's meet them and say hello to dad to nick to edwardo. good to have you. oh here, gentlemen. dan, please introduce yourself. pass your connection to crypto currencies. go ahead. sure, and thanks for having me today, sammy, i'm dan roberts, on the editor in chief of decrypt. we are a daily crypto news site, but we also see to demystify and explain the space. so our daily news coverage is as important to us as our explanatory content. and we have learned section where we kind of hold your hand and explain these technical concepts. and i've been covering criptos since 2011. so pretty early, really adding, hello that, nate, nice to have your vote. he's interesting to us out to an audience. tell them what is your connection to crypton currencies. so i am

a researcher at the international computer science institute and berkeley and have also been a lecturer at u. c. berkeley. ah, and i've been following the crypto currency space professionally since 2012, 2013. and i'm one of the few skeptics who do, cuz i have a business model that i look at the space can extract the comedy gold and turn it into academic papers because there's a lot having to do with online crime and other things of research interest. i and so i've been, let's face it are scarred by exposure to this intellectual virus. oh, thank you for sharing. yes. gone through that somewhere in that in just the by with edward i welcome back to the same lovely to have you. these are more about audience, it has way back. your connection is to crypto comment sees, hey, well, what he day. yes, and actually it almost predates, though you, fabiola. i actually am early hobbler trust, got into by the coin in april 2013. i was fascinated by my personal scars from the

great recession and how banks gas got free currently for bitcoin. so have scared myself, but i personally, i run a online game company called in the draft and were using an in game token, cooper currency called cd 3 d. i love it happens that this is a conversation that is about money about digital currencies. understanding what is happening, but also about people when people have lost money. i want to bring in zane verjee. here. she runs the chief channel was evie and asked to this is what she told me a few hours earlier. this is my 1st crypto crash that i'm enduring and there's pain. let me just say that there may have been some tears, but it was pretty tough i. i expected a bear market, but i did not expect this. and as i reflect on it, i think this really was kind of a black swan type of a crash. you had a stable coin,

u. s. t. that just took such a severe historic nose dive, put the entire market into catastrophe. bitcoin clashed, the old coins crashed, the n f t market went down and it was just a really tough space to be. and on top of that war and ukraine, you've got to inflation interest rates. all of these things combined leads to what i've learned is actually a term in the crypto space and on the web 3 space, which is fund fear, uncertainty, and doubt. so i have a lot of fun that i'm just wondering if it got a bit of a thought going on right now. will know. usually it's funny. usually people scream fired who are crow crypto people. they say fight in response to any negative news. and at the crypt we cover all of it, we cover the good, the bad and the ugly. you know, we're kind of neutral, chain neutral coin neutral. i'm glad that zane brought up u. s t. because the top level thing i'd want to understand about the last 2 weeks

is that yes, there was this brutal, severe market crash. it was everything in the crypto market, but u. s. t, which is this decentralized algorithmic stable coin. and of course the jo given can make now is look like it was very stable. u. s. t, the stable coin had its own mega crash, basically went almost to 0. that was almost a sub story within the larger crash. so what happened to u. s. t isn't necessarily what happened to everything else. it's not the same as what happened to bitcoin. so it's nuanced the blood beth of the last 2 weeks when they were quiet. i think the blood bath is just beginning. so yes, he is actually a good space to drop in on how the market is. so the stock market goes up and down all the time, but it's a positive sum game. so i put my money in a mutual fund or an index fund. i sit on it for a decade, plus and going into that is dividends and share buybacks. and so the value for me,

when i sell it is not just what some other person paid, but the dividends going it. this only works on the long term. and so like robin hood and don't get me started on them, the crypto currency space starts with provably 0 sum for every dollar earned in crypto currency. it came at the expense of another investor. and there are 2 things like this that we can say in the real world, the horse track and ponzi schemes. and when the systems collapse, they grind slowly down and then collapse very suddenly. so the same thing can very well happen to all the crypto currencies, starting with bitcoin because there is no value in bitcoin. other than what some other succor will pay for an elderly simple conti ski. well, let me jump in here real quick because that brings us to the whole cost of value. this is the so i have a cycle blacks and bitcoin dot com. i establish it in january 2014 because i didn't see the face like mine out there. and i want to make sure that everyone knew that

there's no barrier to entry to this whole space. lot of confusion, lot of misunderstanding how to fund if you would about the space and mile thing is i asked them what, what, how do you define value value honestly is what someone is willing to exchange in order to get something back from the person. that's it. so you could say these will green paper bills, you know, that recall money actually has no value currency by, you know, by the definition of the king or the government. it doesn't mean anything. i think for the 1st time, you know, him honestly in history we have a globally decentralize currency that actually has market determined value because it's what everyone says it will be, there's no it, there's a set finite amount that comes at every but so often and is the hardest money out there because you can't printed at will like we did. that's got our inflation up like 8 percent. and you can't embed it either. so your sample get going, i'm think what every weight coin bitcoin on a global basis can only process $3.00 to $7.00 transactions per 2nd. and i know

you're going to say lightning, which is a alternate thing. a note on papa. why is it only allow 63 to 7 new users? a 2nd nick, you can po, we've goods with big coin, maybe not right now, but you could a few months a oh no, it's a 20000 track trip of towards you. on squint market cap, there's a lot of payment solutions, especially on, on the theory i'm, which is very popular one because in a to, you know, get me started that nonsense but that, but there are faster, quicker, and it honestly even more a logically positive coins are out there that you can use in spy stuff. shane show for value. i to gentlemen, this is very exciting, but i, i want to bring it down to people again. if i my time, let me show you a couple of things i seen already recently in the past couple of weeks on my laptop, my ex colleague attempted suicide. my friend an ex colleague, my manager 15 years trying to commit to look like this morning. he basically moved

all of his savings to crypto in 21. i knew it was a massive play in his portfolio. all right, that's, that's one penitent story. let me move on here. for those of you considering suicide, here's my stove attempted suicide. if you are panicking, hastened national help line numbers. this is because of the crypto crash. i lost over 450000 u. s. t. i cannot pay the bank. i will lose my home soon. i'll become homeless. suicide is the only way out. the me, dan, these are real people will stories. why? yes and very, i mean, terrible. you know, people, people lost their shirts from this crash. yes. and i remember 3 years ago we saw a similar story about a, a user on robin hood who didn't quite understand how worked and, and thought he was, you know, 750000 or 1000000 in the hall because of the display. and what i would say to that is, you know what i've been saying since 2011, and maybe i'm a perfect guessed year to counter these 2 guys. i think i'm somewhere right in the center. you know, i'm not heavily invested in crypto. i just think that the tech in the industry are fascinating and are here to say, i think it's

a real thing. that's all. what i would say is, i've always been telling people no one should be out there putting their life savings into crypto. i mean, like any other high risk volatile asset and by the way, bitcoin 13 years is not that new anymore. but in the big scheme of things, still something that's a very new asset class. no one should be putting their life savings into this stuff . and like anything else, and by the way, the same goes for stocks, even though you s equities are so much more mainstream entrusted, you should only put in what you can afford to lose. and so, you know, anyone who lost a whole laundry room, it's horrible, but it's not a reminder. it's not. why don't you say that again? i am loudly and slowly. this is good for own investors, wherever you all say it one more time. dan, go ahead. that you should only put in where you can afford to lose that you should always do your homework and research and not invest in something you don't understand. and that no one can say with certainty, what's gonna happen to the price of these assets. next, i mean, bitcoin is now back around 30000 in a week. it could be down to $20000.00. it could be back up to 50. it is

a volatile asset. i. so i'm very sad hearing those stories, but i also think boy, someone who put all their life savings into a very new stable coin that only existed for the last 2 years. well, that was a very poor decision. and honestly, and dan, dan really does state, that's what 2 main tenants we tell anyone who comes through our community. i'm admin on a almost 20000 person community on facebook, all black people in crypto currency, and we always tell them one d, y r. do your own research and then to only invest what you can afford to lose because he's right. it is relatively new. but going back to the actual long term value of crypto currency, it's just a big coin, which is the major domo, you know, 4050 percent of all the crunched out there. it is probably the best performing asset class in history. i bought my 1st big coin at $88.00 in april of 2013 that seem to coin out with over $30000.00 role. he read a really reached out on. i was very, very goes to talk to by just wanted to remind violations, but that, you know, in,

on the screen i, i'm going to push on just a little bit. at staple coin is, is something i keep hearing you talk about. i save a quote, means it is connected to some form of money at me. i'm really interesting to how you would define favor, klein, go ahead. i would define it as a casino chip. so the trading of crypto currencies is gambling because there's net losers. no net winners law at the fun. ready but eat, you need some way of having chips for the casino and so the stable coins are the chips in the casino. now there's 2 classes of stable coins. the 1st one you have are the backed asset ones like heather is the biggest one. and these are basically recapitulating, ah, 19th century bank, if they're what we'd call a wild cat bank and committing a whole bunch of crimes. but they're getting away with that. the other is these

algorithmic stable coins, where the idea is, let's back crypto currency with crypto currency. so it's literally making a perpetual motion machine which works fine until it doesn't. and so like why terra and luna collapse so much is tara was the stable coin that was offering 20 percent yield on investment as 8 stable asset and basically created a ponzi scheme. whether those behind terra were deliberately doing a ponzi scheme or just happened to have created one. we don't know. okay. i got to go in and very yes. yes. yes, yes, you is ad here because there is something just on the very basic missing in that definition. thinks that what is the actual purpose of stable coins? why would people, the crypto industry say, is the purpose of the purposes they're supposed to be? and tara, you know, it didn't work, but pegged to the dollar so their values should remain stable consistent at $1.00. and in the case of it's heather u. s. d c, the centralized,

stable coins accompany is behind the stable coin that is saying it has that amount in cash reserves. so that is the purposes that you've gotten so up into an out of variable glendale because it's connected to that dollar that yet a date. let me just bring in a new voice here into the conversation. i'm gonna, i'm gonna share this thought with you about it because i came, is a nigerian who has founded his own, quit toes currency, and he looks remarkably calm. this is what he told us a few hours ago. we shouldn't be surprised about what we just witnessed. ah, most especially when we talk about the factors that explains added to the lives under the geopolitical system in the world. we live in today. when we look up there, russia, you. cromwell, dear satellite, is around that backlash, the switch from the west, the sanctions to embargo the back and forth. and also where we look at the inflation rate. the rising fletcher it's post queried. and so this is in mound

perspective is actually the factors doesn't last. ah, the crypt crazy downturn would just witness said, what are the one of the changes the landscape of crypto currency that i've seen like more people of color, more women involved in crypto currency? what else is changed in the landscape that you've seen in the past decade? that's a great question. i think mostly it's been of late, institutional change, institutional mother, he's got involved, which is really changed the reactions to, to come to a currencies, ups and downs. because honestly, i can said he wouldn't, that's what surprised with the crypto crashing. i was surprised either because we now have pretty good data over the last 3 or 4 having cycles. and that's basically when the coin becomes more scarce. and so the less it's being made and so then through a whole bunch of 2nd order effects, where the miners are acting differently, the marks are acting differently and you can almost predict,

but every 4 years to be a bear market or slow down a crypto winter if you will, so i think because we have more data, it's a little more predictable. so in the bare mar came along oust semi prepared for as expecting it. and also because of institutional money, more involved, any time wall street has a bad day. now crypto has a bad day and especially tech stocks like we've had without hear people saying band, the stock market because netflix lost any percent of value. i mean, but people say that about crypto, and i think that's erroneous because crypto is tied. cosigner, text sauce and texts. i've had a beating this month. i said gentlemen, i have any questions and thoughts and comments lee. i'm going to get entity. this is a speed round. i'm going for coming out. you come back when move on to the next one . all right, dan, this is michael calling. biggest scan ever done. oh boy, crypto in general. you know, the jury's out on exactly what the use cases will be, but i think after all, this time that you can't dismiss this entire industry as a scam, or i guess you believe that j. p. morgan apollo,

global and all the other major publicly traded institutions and brands that have gotten in have all fallen sucker to the same overall fraud. but i think there's so many cases we are going to do hate and show the value. so ever more they're participating. so a 16 c has turned securities fraud into a venture capital business. ephram is watching right now. efram says i'm gonna get this one to you. nick. the market will always bounce back. the crypto market will bounce back. it will recover. nick, i don't think so because being a naturally assembled ponzi scheme, you have to get new suckers going in and the previous markets were grossly manipulated. so the mount galks was the, the willie bought the 20172018 was tether about a 3rd. this one was tether in amazing amounts and so i don't fall street abroad ever recover omega. so why did it bounce back as your 2018 is

what i'd asked nick. and if it all there are no, you've seen either more suckers come along either who are different. we ship them all and i don't think it is. i think i need to put the right front run in algorithmic computers are front reading, everyday trader. so where, i mean, show me that show me what i did, the centralized fine. and they said they have to worry about running. my mother lost half her pension 20 years, 80 because watery cab with 2008 decided wallet budget, bad debt, and push it off on the american people. no, don't tell me today that it, a distributed system doesn't make a better crypto currency came from the pot was birth from the protest. that was the global financial markets because no was looking out for, for the little guy. and this was something of the central, i don't think came from the ponzi scheme that was from wall street. they went over, i faced on the way that wooster upright. no, it was a real reaction reaction. yeah, i'd want to let me get this. i want to you that and this is the last one of that

the speech around. and he says, why is everyone so quick to say crypto, its worthless when stock the going down just as falls if not foster about it. thank you and it just in that kind of circles back the point i interjected with were basically everything that was ever such red flash boys by michael lewis and see how everything's front run in the market. and he ticker, since you see is i mean seconds if not minutes old. i'm out. i'm not deal with stocks where because told pods were as lisa crypto, because the decentralized nature of the block chain. you can see every transaction that's ever happened even if you don't know who has it. there's a transparency there. the aussie is gonna revolutionize our society and everything's going to be put on a blocking the requires to trusted a 3rd party. except that if you actually look at it, you have the trusted parties all over the place. you just don't acknowledge it. and the a theory and miners are more abusive than the most stock market would ever imagine . 10 percent of their fee revenue is from front running people. and fanny,

i think one thing we should make sure the audience understands. we talk about crypto is this huge umbrella term, and people use that word to include everything in this industry. but there are many different things going on. i mean, we're talking about the crash. so, so far we've been talking surely about crypto as an investment. you buy the coins or tokens and you hope the number will go up, but there's a lot more going on in this industry. i mean, when we talk about one to 3, we're talking about the application block chain to power them on the back end up. ok, well yeah, yeah. what 3 are you? i think i would say this, i would say it's one thing that we tell people that we're looking to invest in stuff is look at the utility. what is a token actually do case a point, cd 3, we actually have a game we're working on that people actually user token to play the game. that's util, the right there. stuff like she but it was a joke, coin dodge coin, which is a joke, coin, i would recommend it. i'm not invest in that, but there's a lot of utility that's out there in crypto space. it's not just all the rise and fall because so one of the things that happens when there is a big crash,

why major file is fail at people is we need to look at regulation. we have to have that conversation today. i'm going to start by with david gerard. he sent us this thought about regulation and quit test cognitive. let's have anything, a person to invest the protections. the things regular is really worry about. is the crypt currency market contaminating the real economy where people live? and that would be a bad idea cuz crypto is completely unregulated marketing practice. crypto has been trying to get into those, trying to getting to pension funds, trying to get investment banks to take on crypto liabilities and so on. the u. s. government is aware of this and very much against it, and that's good. they need to act sooner rather than later. oh, and what a us smiling. daniel eyebrows are being raised. shadow station. everybody stopped.

well no, i mean he saw him mistaken because by didn't just what few months ago gave him executive order about how he wants to study and, and come up with like a stable coin system because he knows it's the future. you can't fight progress. we don't use smoke signals anymore. we don't use telegrams your phones or fiber, we're move. this is, this is like the next industrial revolution is, is the block chain i that and by the way, more regulation is certainly coming to the space. i want people understand it is possible both to think that crypto is here to stay in as a real thing and will continue. and also that it will be regulated, you know, don't assume that everyone who has pro crypto is anti regulation. those are kind of just the very own g, libertarian types. we've been around since 2000 and i know many people look at the crypto industry and they agree, it needs regulation, and there will be regulation. but regulation is not the same as shutting it down completely. that is not with you as he's trying to do what the hell won't it will rain links on. i saw you know, your critique of the how digital current say market will regulation is,

is it because he's just not regulating that up. so ethan went, upsets me, is that it the regulations exist. they just aren't being enforced. every i c o on the planet is literally a unlicensed registered secured, unregistered. second batch. true. ah. how he b u. s. that walks like a duck and quacks like a dock in lays orange trees. it's a duck. ah, the, the regulations just worked in forced, ah, the overall space is i agree with david gerard that if it's just isolated so that it does not contaminate the normal economy. this will resolve on itself. because there is so much friction from like mining and the bezel and everything else that will make it go away, but it won't go away. when it goes away,

we want to make sure it doesn't do additional societal dam. i sat by the way, how he test is from 1946. the limit says, i'm using to determine whether it is a sham regina gentle and can that, oh and as for why one my like when that not so many of us shall we at the very beginning. what is next for crypto invest as in a sentence at wanna make data at want out in a sentence, what's next? graduation is coming, but as i see daniel's a newsletter every day. i'm a subscriber i there's blog, great actors in there. but right. moving on to the ad. ah, the market can stay irrational longer than you can stay solvent, but in the end it's going to be a slow grind and then a catastrophic failure. and i'll have my popcorn machine warmed up for, oh, ah, and an was an x because they messed us. i think, i think as there will be a, there will be a shaking out where the week gets separated from the chaff. many tokens, for sure,

will fail and go away, but things that haven't actually utility and use case will continue. okay. ah, goodness me, we need so much more time. we got so many questions on each. you think gentlemen, i have to get you back together. but for now, thank you, dan and nick and edwardo for your comments and questions on youtube. thanks a much, i think next time have a great me. ah ah. and for over 50 years i've called for the armed conflict. the natural disasters end up

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