on facebook with their business people involved in the convoy watts therm, mood after days, all this on the on constant opposition from the media from government. so many truckers have traveled to like thousands miles to have their voices heard and instead of being hurt, we have a prime minister that is not speaking to them. instead as being a saying, a lot of hateful, discriminatory comments about these truckers and that just for the divide to segregates community in our country. and at this point, the whole purpose of the convoy is to move forward, unite our country and make sure that we have a resolution that is successful so that we can actually continue. connie cody, speaking to me earlier, now it's become the new frontline bothell in the free speech arena, joe rogan versus the liberal world. next, boone bus, after what a bond on the popular podcast could mean for the spotify platforms, bottom line with

ah, well, they directly re sell, advertise, says content to us and decide who sees what content when, and how much of it. facebook claims these algorithms this out there to learn about our specific preferences. actually this is untrue shaping preference if tomorrow the person finds a fake point with saying the fact that in this context ranks. huh. you know, at least 20 percent or maybe even 40 percent or pretty. but it's true. was a very dangerous thing with

the boom bought one business or you can subordinate barbara to board and i major lemons in washington coming up. it's being called the 2nd largest attack on dpi, ever recorded. we'll take a look at the $320000000.00 hack and wouldn't mean for a personal grid between popular crypto currency. it's what social media docs were sent reeling after the company formerly known as facebook thought is worth one day performance annually a decade. well, the stuff was behind those $1000000000.00 losses and a mid controversy over popular project for joe rogan bought a 5 b o at once again. weighed in on the issue later on will be joined by high

robin for up watching the hawk to discuss it a lot to get to get started. we leave the program with the heck that's being called the 5 2nd largest exploit ever after a key block chain bridge lost $320000000.00 in a reported attack. the protocol known as worm whole, which links tokens and f t is on the theory and a lot of block chains was hit. the team behind the projects that thursday morning that all funds have been restored and worm hole is back up and running ours after the hack. now this all comes as regulators around the world consider how to handle crypto and more specifically, decentralized finance. the u. k. is updating its policies to allow for collecting revenue from d fi lending and staking all law here in the united states, one of the as the see 5 commissioners, hester peers is now warning that the agencies latest proposed rule is too big and would threaten the 5 projects by regulating them as exchanges. so to go further in depth on this post,

christy i and andrew kegal c o a tokens dot com. great to have you both on the show today. christy. let's start with you and with this reported hack. so what do we know about how and why warm hole was targeted specifically? yes, warm homeless targeted when an attacker basically exploited a security flaw. so it seemed to result from a recent update to the warm hole projects get hub repository. so it revealed to fix a bug that had not been deployed to the project itself. so the open source code commence show that the code would have fixed this particular vulnerability. and it was written as early as january, 13th and uploaded to the warm hole repository on the day of the attack. but just hours later, though, the vulnerability was exploited by the hacker. so the code upload was described as if it was just the run of the mill version update, but it actually contain extensive changes. a fact that could very much tipped off the hacker to the fact that it was this, it was to disguise

a security fix. so the hack was actually quite clever it technically the funds were not stolen in the traditional sense that we hear about when central exchanges get hacked. in this case, the hacker manage afford a valid signature for a transaction to freely ment. w. eat or wrap it on the salon block chain without 1st in putting an equivalent amount. so the wrap, eith was in exchange for real a theory and that was sent from arm whole to the attackers account, effectively liquidating a large amount of platforms, a theory and funds that were being held as collateral for transactions on this la chain. so the attackers on cross chain bridges seems to be the new thing as there are always loaner abilities in a space that is still developing. last week, cubit was hacked for about $80000000.00 the week before that $3000000.00 is drained from multi chain as well. it's very interesting and very intricate what happened there. now andrew, as it grows in token like a theory and a lot of it makes bridges like worm whole. busy even more important for the b 5

ecosystem. so is this hack showing? there is still more work that needs to be done in order to secure these protocols, especially when chris, you just mentioned, there were other issues in the weeks prior will. absolutely. there is a need to have more security and perhaps regulation here. otherwise this can happen . and one of the key aspects of this, why is that the law change themselves? we're not hack. it was, these are chain protocol that we're targeted. and what i would say to that is if i was to leave my wallet in the bathroom of a restaurant and it came back an hour later and the money was gone. that's not a walk in the currency, that's a long way security. and i think this is something similar where it needs to be. look at very carefully is what is the security protocol or being here and use the 5 platform? yeah, certainly that security becomes more and more important, especially as we get more and more interest. because of course, we know that the hackers come with it. now andrew, staying with you when it comes to the idea of regulation of

d fi in countries like the u. s and the u. k. what are some of the biggest concerns surrounding the propose? what we're seeing right now? the biggest concern right now would be over regulation and unintended, unintended consequences that result from what we've seen in the past when the governments get in there. and over regulate the crypto companies tend to go into sort of a dark area and you have some time after that can arrive. you can certainly people want to get exposure here and you can't stop them. so i feel for the regulator, this is a synonymy of information coming up and not me, of new products that are difficult to understand and evolving very quickly. however, i think that regulars and regulators need to be cognizant, that over regulation can have a lot of unintended consequences. so andrew, are you seeing anybody that is on the right track? i mean, it feels like there's such a lack of understanding of what actually is happening in dpi and crypto currency as a whole. i mean,

are you actually seeing any regulators moving in the right direction right now? i think all the regulators are trying to move in the right direction and certainly we need regulation in the sector. so please don't take that. i think we don't, there is always going to be a certain tension between the defy companies and the crypto protocol trying to push through what consumers are really asking for and want to use versus regulators trying to understand this and put rules and regulations around it that will protect consumers and certainly that we know that there has been a lot of back and forth there. now, christy, speaking of governments getting involved instead of an outright ban, russia finance minister is suggesting that the banks should be the one selling crypto. while at the same time, india finance ministers proposing a 30 percent tax on crypto related income. what do you make of those alternatives that are being proposed right now? i mean, i suppose that those alternatives are both better than an outright ban. but what it

really does show is that governments are starting to realize that they can't put the genie back into the bottle. so it's going to be around to stay. and since they can't quash, it might as well learn how to live with it and put them regulations around it, or at least try to control it. and as for making crypto accessible only through the banks, they're trying to centralize the centralized currency. so i don't see how that could work or how one would even enforce such a thing. when something is transacted peer to peer, it doesn't require the middle man to facilitate anymore. so banks do not hold any stay in the transaction. they're trying to put a big claim back into their old, antiquated framework of a financial system, which doesn't make sense. my guess no one will give up without a fight. and this is the fight that the old guard is going to put up. now. certainly as a fight that is likely to continue and we will continue covering it. boom. christy i and andrew kegal a token dot com. thank you both for your time and insight. thank you. and it has

been a rough 24 hours for social media companies across the board as mehta led the downward spiral and after hours trading. now all of that began when met platforms formerly known as facebook thought, a quarterly earnings miss an poor forecast on wednesday. so just how bad was it? well met a tumbled 21 percent following its quarterly profit after the bell, racing about $200000000000.00 worth of stock market value. a decline of this size and thursday session would mark the company's worth one day last. since his wall street debut back in 2012 now driving those losses as met as reality labs, which reported massive growing losses more than $10000000000.00 in 2021 alone. so joining us, our disgust is our good friend and go to boom, boss and investigated journals for that matter. pence want now been, i mean, clearly $10000000000.00 in losses. for reality, labs is a lot, but put this into perspective because medicines to indicate that it's just the cost of watching the metaphors well, they are,

i guess that's how they're trying to spin it. right. $10000000000.00, but that's what it's going to take. and actually, reality labs is now looking at 3 consecutive quarters of enormous losses and 3 consecutive years really of huge losses. going back to 2019 or 201920202021. all 3 of those years. they've seen massive losses. and it's actually been growing in terms of the amount of loss. here's the thing though, there's 2 things happening simultaneously. one is reality. labs is doing poorly in terms of spending a huge amount of cash, not necessarily turning out a product that people can look at and say ok, investors say we understand what you're trying to do because they don't. but the other issue is this, that facebook for the 1st time in 18 years, has actually seen its daily user numbers dropped by about half a 1000000 people daily. so that's the other thing that's driving this. it's not just the loss is being accrued on the metaphor. side it's, and we've talked about this before. facebook is losing its core product. meta is

losing its core product. now that is facebook, and we're watching the decline of actual users. mark zuckerberg, by the way, wants to pretend that the reason for that he says, is because of tick tock is all tick, tock fault. i don't believe that's true. i believe that facebook's that a poor job of taking care of their product, but that's where we are. i guess it's all about how you spin it and only a company like facebook and try to just shug the shrug off a $10000000.00 loss. now, at the same time, reality live seems to be pulling a lot of cash from that, perhaps more than it should be at this stage. so is that part of the reason for the concern? i mean, are people does not figuring out the met averse is quite yet well, it's not only that they're not figuring out the metaphors, but people aren't really sure they even want to be in the met averse at this point . but i want to give you a comparison here. i think this is pretty interesting because if you put it into context, reality lapse off about $3300000000.00 in just the 4th quarter of last year. okay. 3.3000000000 for the loss. let's compare that to alphabet, so alphabet and all the projects that they spend on for the self driving cars. and

basically they're fun projects, right? that's about $1450000000.00 in law is there. so when alphabet is spending a lot of money and losing a lot of money, basically playing around with technology that is half or less than half of what reality labs is losing. and no one even knows what they're building. what specifically are investors getting out of this? i think that one of the things that sparked a lot of concern here is investors look at it and say, what are you guys doing over there? and what exactly is this met averse and then couple that with the fact that there are multiple reports now of women who go into the met averse who were saying that they are virtually sexually assaulted in the metaphors. that's not a great ringing endorsement for technology that's barely getting started to say, how, how bad is this experience going to be for people? i mean, absolutely and, and you know, as we talked about even this week, there's a lot of questions feel surrounding the metaphors for sure. now i want to bring this out kind of broaden this out because obviously it's not just facebook in

matter because the report actually dragged down other social media, fax, as well, including twitter and snap. what happened there? how do they get tied up and all of their losses? yeah, i think what we're starting to see is, is as goes meadow or facebook. so goes to all investors and in tech stocks and social media stock. so yeah, as you mentioned, twitter dropped a, pinterest was about 10 percent lower. twitter was down about 8 percent. actually spotify was down as well. but we know spotify the story is a different story, right. and so not all of these things are related. amazon was down also. what is it? because investors are looking at facebook and say, no, no, it facebook fall in everyone's falling. not necessarily, but what i think is we're seeing it right now. a is a, as a level of concern among investors who are essentially looking at anything that happens in this space. and they're, they're jumpy right now. and nobody wants to be left holding the bag. and so in facebook case, not only to it also spur some fear for other companies,

but investors i think are basically saying let's shoot 1st ask questions later. meaning sell 1st ask questions later, will sell, will get out and then we'll find out what was the cause. and unfortunately the answer for facebook as to what was the cause isn't very good. yeah, definitely. and i know it's interesting because when we talk about facebook, we talk about how it's almost obsolete in the minds of a number of people in the public. but at the same time, we know that all social media are not the same. so wire investors so quick to sell when a company misses their earnings. mike, we've got about 30 seconds left. yeah, i really think it just comes down to, as i said. so 1st ask questions later. there's a lot of concern about this space right now. and what is ultimately going to look like. and as i have been saying for some time, i'll stick with this position, which is that facebook has destroyed their core product. they continue to devalue their core product because they're not taking care of it. they're trying to move into something that's very untested at this point, and we don't know, not only again, if the met averse is real when, if it will work,

we don't know if people even want it to exist. and so what facebook is doing right now is foreseen on to the public, it seems like products that they don't necessarily, or they haven't necessarily asked for. and they may not necessarily want. absolutely. and it seems like there hasn't been any sort of innovation on facebook, at least in a couple of years. all they do is kind of integrate instagram further. boom, bust bend, swan thank you so much. thanks guys. and the bank of england will raise interest rates and back to back sessions for the 1st time since 2004. after the motion for increase of $25.00 basis points passed and a vote of $5.00 to $4.00. now this comes after the u. k. became the 1st major nation to raise race, falling a vote back in december. the bank acknowledge that labor and supply chain shortages along with increased demand and skyrocketing energy prices has sent inflation storing at its fastest rate in 30 years. but it's a different story in the e u where inflation just hit its highest annual rate ever coming in at

a record 5 point one percent in january. now, however, the european central bank says it is not raising interest rates in response. easy be president christine the guard said there was quote, unanimous concern from bank officials over inflation, but she said she didn't want to rush into anything. instead saying, she still expected that inflation will remain elevated for longer than previously expected, but that it will decline in the course of the year and time now for a quick break. but when we come back, spotify seo made further comments on the debate over popular podcast or jo rogan's content will bring you the latest as we get a break here, the numbers at the close ah,

for fibro, ukraine continues unabated with the u. s. and u. k. taking the lead, however, not only from members are and or even ukraine is attempting to camp and expectations of an armed conflict with russia. will washington in london get their way join me every thursday on the alex salmon show. and i'll be speaking to guess of the world politics sport business. i'm show business. i'll see you then. mm. the welcome back. wanted to follow up any huge story in the world of media as a ceo of streaming platform. spotify has further addressed the upward surrounding what has been labeled as misinformation from the world's most popular podcast or joe rogan. now during a q n a, which was part of the company's 4th quarter earnings called daniel act, talked about the controversy making reference to spotify

a new policy of adding content warnings to podcasts that include discussion about cobit 19. he said that it has been a learning experience over the last few weeks, and that spotify still has a lot of work to do now in response to a question on the call act, also claim the new rules. we're not just about rogan think what we don't change our policies based on one creator, nor do we change it based on any media cycle or call from anyone else now on the company's earnings that many critics are likely going to point out that a refill slide and spotify stock is indicative of investors sentiment regarding the rogan issue, but the reality is they are projecting a slow down in growth. and the stock has been pretty volatile since it went public at the start. so joining us now discuss all of this is tyrell venture. he's the host of watching the hoc tyrrell this is your 1st appearance, as far as we know here on boom bus. and we appreciate you joining us today to talk about it. now. i want to start with that comment from daniel act. i do believe that

they really didn't change the policy based on one situation regarding joe rogan. yeah. because, you know, major corporations like spotify, they always do things in a vacuum, and they never change their rules, or just how they do business based on what the market's telling, member based on criticism or anything like that. not on a totally operate. and of course he did this, but you know, you don't want to just come out and say that because that makes you vulnerable, or it makes you appear to be then vulnerable to, you know, other caught, you know, of other kind of campaigns against you, how they changed at this one time, then they'll change it forever. thing. so he's not going to say that i don't think, don't you know, he's not gonna say that. oh yes, we change it because of pressure. he'll kind of say, now we were already kind of thinking about it, and that's the answer. you're right. of course, especially when you say something like this, go as viral as it has. we're now everyone's talking about joe rogan and everyone's talking about spotify. and it's interesting because when you see this push back against rogan in his podcast, it seems like there is sort of this growing mob mentality to kind of blame him for all of this misinformation. as people have started to call it just because of the

fact that he actually has dissenting voices on his show. so what do you make of that? and of the fact that they always kind of highlight more those dissenting voices and never the more mainstream voices. but he also help ownership. well, you know, we, as human beings, we and especially in media, especially in celebrity culture and all of that. it's very hard for us to wrap our minds around complex issues, especially when you're kind of talking about mass consumption and, you know, and plus, we love to chase rating. so we're also talking about putting jo rogan's name up on tv meal, young johnny, mitch, all these things are dr. ratings and it's, you know, the celebrity factor of it. but ultimately, what, this is why i think everyone's piling on, joe rogan, because look at the end of the day, every network has put out misinformation about coven 19 as this has been changing. but i remember i said, i remember seeing equip rachel mattel talking about once we got the vaccination, we couldn't catch it anymore after that. clearly that's been proven wrong. so, you know, everybody's made the mistake and put out bad information whether voluntarily

knowing it's bad or believing it to be true. that's a common mistake. i think the reason that we're picking on joe, and we're kind of going after joe, is because much like the inquisitions of old you need to which, right? you need to figure had that you can kind of put all of society's troubles upon and say, all that's the reason people don't get back, say this because of joe rogan, not because we have a for profit health care system. not because we've seen bad information come out of multiple sources from cnn, even the commonly, harrison joe biden, when they are running against trump member they, they created vaccine difficulties, mer, saying all, if it comes out before the end of the year before the election, we shouldn't trust it, you know, and then from himself putting out bad information about this. i mean, that's, but you can't just lay it all onto the back of one joe rogan and his podcast for. absolutely. and it seems that we have a problem with intolerance, even from those who preach tolerance when, when it comes to whatever situation you want people to be ok with, they're all fine with that. but then if you have a slightly differing opinion on something else, then you go to no, no, no,

you can't do that. you can't be somebody who has a conversation. you can't be somebody who says something that i disagree with. without a doubt, i mean look, we're, you know, you guys, i'm sure talk a lot about the free market economy on the show and things like that. what we also have to have and be responsible to the free market to buy d as look not every idea is a good one. not every guest is a great one, you know, but the end of the day we have to talk about engagement. you can't just kind of throw all the bad actors or all the bad ideas out there that could potentially hurt somebody or could potentially cause someone to make a stupid decision. you can't throw those in a box, lock it up and throw away the key and hope that it never re, services. instead, if you want to change the way people think, you have to engage people, you have to say, all right, look, tell me your ideas. let me tell you my ideas, let it, let's see what science has to say about this. and always remember, science is ever changing and giving it that, that birthday, giving about latitude that science will make mistakes, they'll still move on. but at the end of the day, joe rogan does is podcast. he's laughing all the way to the bank. why? because his name is and everyone's miles bonafide, and everyone's up and even neil young,

it was interesting. i was reading earlier. right after leaving spotify. neil young put out saying, hey, if you want to find my music, you can find it on amazon. well, amazon doesn't exactly have the greatest of a history when it comes to like treating employees, right. breaking the rules and you know, workplace bad wages, workplace, difficulties. so, you know, there is no, you can't for all over, but everybody who's working for no matter what the platform is or what the corporation is running. every corporation at this point for the most part has had some kind of like conflict or bad. you know, actors either within it or has done some pre nasty things in their past, but, you know, you as an artist, got to think about, you know? yeah, absolutely. and certainly when it comes to this situation, everyone seems to have a take on it. and a do mean everyone. i also want to bring up this comment. we heard from the president of brazil to both narrow who chip to twitter, and he said, i'm not sure what your rogan thinks about me or my government, but it doesn't matter. if freedom of speech means anything, it means that people should be free to say what they think no matter if they agree

or disagree with us. stand your ground hugs from brazil. what's your take on that statement? well, you know, it's interesting because every time i see something like this pop up and i've been doing, i was doing whole hawks for a long time. every time i see stuff like this pop up, i asked myself, ok, why are we so distracted by joe rogan? in this kind of celebrity thing, why is gerald now supposed to now are talking about this and all that here in the u . s, i think it's one of those things, it's ratings, clicks and it keeps people distracted from actual problems in our culture. right now we have a horrible health care system that's not being discussed. our economy is flailing. as you guys have talked about here, that is not being discussed. so it's easy to kind of get people distracted by this thing. i mean, why both scenarios suddenly decided to jump in on this? well, he's probably trying to distract people from what's problems going on. his own country because it's easy to do and we're talking about kind of celebrity and cancel culture and i need buzzwords that get people who i kind of watch that. but you know, keep them eye off the prize and what's really going on the entire overture of watching the house. thank you so much for your analysis today. thank you. and

finally, nasa has an atlanta deacon mission, the international space station in 2031. and the orbital habitat will come to an end in spectacular fashion. nasa plans to crash the iris as into the southern portion of the pacific ocean in region known as point nemo, also known as the spacecraft cemetery because this generally the location space agencies target the orbit. it's for d r d orbited spacecraft. the location has become the resting place for space station mir. and go up now. and it's really that point into commercial space enterprises as the future saying that the private sector is technically and financially capable of developing and operating commercial low earth orbit destinations with nasa's assistance. but there may be an issue with the overall plan as the i s. s is a cooperative program between several nations and russian rocket and space corporation. and jarrett responded to that releasing, quote, the issue of the life of the station and accordingly,

the timing of its flooding is determined at the governmental level of the partner countries under the international space station program and not solely by one of the parties. so it does seem like these countries that have all of these complex, it could also end up when it comes. it's not tom brady, i don't think it's quite retired at this point, but that's it. for this time, you can catch boom bus on demand portable tv app, portable dot tv will see you next time with a digital smart city is a city that's using technology to make people's life easier to have beer, collecting a lot of data to try to improve the way things are in theory, these big organizations that are amalgamating and pulling all that data together. they're not looking at you as an individual necessarily. people use data being

collected so much data that there's a real possibility of privacy violation. and that's something most of us wouldn't want to wells transparent to prove that we must live with communism surveillance with ah, ah, it's an open secret that private military companies have been playing a role in om,

complex world wide. u. s. government doesn't track a number of contractors it uses in places iraq or afghanistan, united states army and the mil trained general is so reliance on the private sector . i would call the dependency, but we don't know who's the on the ground presence of these companies overseas. we just don't out west and private military companies can in their turn view. so cool subcontractors from countries with trouble pass. the chances are quite good that they had also been charles diligence. this is, i was a j, as a, as in my job professional joe is he's with when the whole $141.00, if i said that that with no flaw, minimum own wall shit, which going to be merciless killing machines. now they fight and die in other

people's was people carol, lot one and a dead soldier or dead marine shows up in this country and then we start asking yourself, why did they die? why do what would a fighting for? nobody bothers to ask about the contractors ah ah, western media abandon the principle of leaving politics out of sports with the war among green commentary to the for the beijing winter olympics kick off. also ahead . you just come out and say this, an expert does good to believe it. without you showing a shred of evidence that it's actually true, the us state department spokes person is brill by journalist for a feeling to provide evidence for a sensationalist us claim that russia is preparing our false flag attack as a pretext to and made ukraine found in the u. k. hi sold electricity

bills.