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Welcome back to the show check out these Headlines we have for you today ethereum Secret disclos you're going to want it We got David Schwarz and ripple secret Weapon and tokenization will start he's Going to tell you when we got that and So much more somebody roll that Beautiful Intro digital perspectives with Brad KES Come on In welcome back to the show you can Follow us on Twitter and YouTube for Exclusive content right now it's $ 1.09 Trillion market cap for crypto the Market is up 3% good morning everyone 26,800 Plus for Bitcoin 1500 plus and Change for uh ethereum this morning Tether market cap is now up to 83.5 billion plus we're watching it Close xrp is at 48 cents there's no Movement on the 24hour but we are off by 6.3 on the 7 day let's get into this Ladies and gentlemen it is linked to Ladies and gentlemen you can get some of The best private equity in the world Right here access to private investment All you got to do is sign up and get Started here it is an amazing Opportunity don't forget link to has Said they're going to be going public in The near term we're still waiting on a Uh a proper announcement from Ripple but We got to get that case out of the way I Would imagine but there's just
Remarkable opportunities on this Platform so make sure you check them out Click the link to the sponsor below and Check out the best private Equity with The best Minimums oh boy this right here I want You to take a look at this this is Evidence that better be used in the Sam Bankman freed FTX case he says there's a Functional religion around the CFO Chief Financial Officer said Sam I'll ask Asked them why do I need one some people Cannot articulate a single thing the uh CFO is supposed to do they'll say keep The keep track of the money or make Projections and I'm like what the f do You think I do all day you think I don't Know how much money we have Oh uh John Deon says no doubt will be a Part of the cross-examination of Sam Bankman fraud who actually tried to say In interviews that he had no idea what Was going on with the money can't have It both ways Mr Sam bankman fraud and Neither can Joseph lubben and JP Morgan Because the secret is disclosed ladies And gentlemen now that JP Morgan owns a Significant state of this infrastru Stake of this infrastructure they Basically own ethereum and we're going To show you exactly how that is this Right here is is what you need to know Consensus is a software development Company that was founded by Joseph Luben
Yeah after co-founding ethereum the Company is a major player in the crypto Space and is valued at over 4.4 billion In Australian dollars it is responsible For developing cryptocurrency uh related To infrastructure and is especially Known for developing infrastructure Critical for ethereum GCO System Including metamask which by the way has Been said recently in the last several Hours Has been taken off of the Apple Store Now I'm not on Apple so somebody could Help us confirm that but I have seen Multiple confirmations online if you Could help us with that we'd appreciate It it says here the company shareholder Mostly consists of employees and now Former employees 35 former employees of The company who make up more than half Of the shareholders want the deal that Saw fundamental intellectual property More specifically in fura and metam mass Transfer ref from CAG to consensus Software Incorporated known as CSI a new Entity the deal popularly known as Project norstar within CAG saw JP Morgan Get a 10% stake in CSI in exchange for Offsetting $39 million loan to Joseph Luben ethereum billionaire and consensus Chief according to the employees the Transfer of this intellectual property From CAG to CSI Was done illegally as the shareholders
Were not informed about it well here's Why it matters outside of that fact this Lawsuit is about much more than the fact That CAG was cheated out of its Intellectual property and subsidiaries It brings to light many failures of the Ethereum blockchain in terms of Decentralization listen to this ladies And gentlemen metamask and infura are Arguably the most critical Infrastructure to the blockchain Ecosystem INF fura for one is the node Network that processes about 13 billion Code requests every day it provides Developers with a way to connect with Ethereum without the need for running a Full node but listen currently CSI is The single provider that operates in Fura which is dependent on Amazon's Cloud servers this makes ethereum Vulnerable to a single point of Failure come on in now that JP Morgan Owns a significant stake of this Infrastructure they basically own Ethereum so now you know why we always Say that ethereum is centrally Controlled by JP Morgan and I certainly Believe the country with the letter SE Is behind this as well remember vitalic Butin went there for two years over to China and he could have stayed here but He went over there for two years what Kind of deals was he making over There however this could be
Counterproductive for ethereum and it as It contradicts the whole philosophy Behind establishment of digital Currencies and decentralization which we All know is a buzzword and it is not a Fact and then there's this Hugo filon From flare networks tells us the Tokenomics post put out to give Information on the fip1 vote included The distribution of the tokens that are Now being burned with these tokens being Burned the community now has greater Leverage into fip1 a revised tokenomics Will be released that's right flare is To burn 2.1 billion backer tokens in Support of ecosystem health I tell you You know this crypto winner is is Revealing a lot of things That bring more questions and answers Now one of the things I speculate on is That flare networks if you look at what Flare Finance was going to do on top of Flare networks it looked a lot like a Securities offering in many settings and I would imagine that flare networks in Hugo are not looking to bring any us Regulatory attention to theirself until They get a more clear understanding About exactly how they're perceived in a Regulatory Framework but that's my speculation my Digital perspectives not Financial Advice and here is a great clip from Mr Man he says you call it dumping because
I don't think you understand business And the numerous ways of self- Sustainability continue doing your Homework and you'll get to your answers And he's absolutely right listen to this Older clip of David Schwarz could just Sort of take it out of as a free pot but What happened is the original um Founders the original um creators of xrp The people who started up the xrp Ledger Divided the xrp so that some of it went Was gifted to a company that eventually Became Ripple and some of it they Approximately 20% they kept a Significant fraction of that 20% has Been donated to charity um a significant Fraction of the 80% that was given to What's now opencoin is locked up on The Ledger in escrow um those escros release Roughly a billion xrp every month which Ripple uses to build the ecosystem um And to fund itself um and what happens At the end of each month is the unused XR over that billion is put back into Escrow adding a new month so originally There were 55 months of escro I think There are about three more months now so That provides complete transparency on The token distribution and every quarter We publish a sort of Market summary Explaining how we use the xrp that we Use so it's much different than the way We just read ethereum now isn't It this is why I say it's a great clip
And we got a few things coming here that You're going to see that I think fall in Line with all of this but this is really In contrast to the lack of Clarity going On in ethereum that we just revealed to You uh the escrow is a secret weapon That ripples stewards and uses Responsibly to continue to build the Ecosystem and what a weapon it is in the Best way in the form of business and What it is given them the ability to Have pre-mine xrp that they can use to Expand their operations to incentivize Others to participate and to purchase And make Acquisitions of other companies Which Brad garlinghouse recently said They will continue to Do then there's this the ripple effect I Believe all of that leads to the ripple Effect not Financial advice says here Over the last few years he started Hearing the term ripple effect and this May be this is for fun right here but I Tell you it leads into where we're going Even though it's for fun an association Bias right you know it's just like when You buy a new car that has a color you Don't really see and then the next thing You know you start seeing that car and That color all over the town in the Highway so but this is for fun take a Listen to this and the conflict is Having a ripple effect could have a Ripple effect there's a huge ripple
Effect so the ripple effect can you Describe a little bit of the ripple Effect what kind of just ripple effect Is there a broader ripple effect to what Kind of Ripple effects does that have in Terms of ripple effect what's the ripple Effect it has a ripple effect and the Ripple effect of this one is just Enormous that loss of services has a Ripple effect a ripple effect a ripple Effect you start hearing these things Everywhere right and like I said it's Like an association bias but then there Is this understanding I want to play This clip and set this up because I Believe that ripple effect isn't going To just be a catchphrase that starts to Stand out to us there's going to be real Action as a ripple effect and in fact I Want to play you this clip very quickly Here of David Schwarz talking about how Soon he believes tokenization will start On The xrp Ledger of traditional Products take a listen here I'm hoping That we're going to see as real world Asset tokenization of projects grow I Think the xrp Ledger is going to be a Really good platform for them to launch On real world assets particularly Because of the low fees and because of The integration with the decks with the Proximity to sort of the movement of Funds the ability you know if someone's Going to buy what do you want to do with
A real world tokenized asset you want to Buy it you want to sell it you want to Hold it you want to transfer it and if You want to buy it and sell it you want To be able to do that with whatever Asset is convenient for you you don't Want to tie if you tokenize some sort of Debt like you don't want to tie it to us Dollarss because then that limits access To it to people who have sort of Proximity to US Dollars one of the Things the XL PR Ledger is good for is Giving you sort of proximity to many Different assets and that exchange is Seamlessly built in that means you know Oil to Gold that means Diamond to Dollars right that means yen to uh corn Like you know anything to anything is What we're talking about Through The Decentralized Ledger whatever it is You're looking to change hands to the Decentralized exchange can make a market For it so I think that's going to make That's one one of the many reasons why The xrp Ledger is going to be a good Place to launch tokenized Real World Assets I think we'll see that in the Next year year and a half cool yeah and There's I'm hoping that we're going next Year year and a half now how about that Real world assets like oil gold right Soft Commodities hard Commodities this is getting exciting to Me tokenizing real world assets like
Derivatives stocks and bonds right all Of this is coming and if it's coming in The next year and a half there's going To be some kind of massive explosion and Coming back very quickly here to Christian Carlo here he said former cftc Uh chair speaks on the internet of value And that it's moving into digital Dollars and cbdcs and that the US should Not seek leadership on the global Standard table he's also very vocal on The fact that the US is not big enough To avoid a Cbdc and if you think about what David Said about tokenization coming to the Xrp leg me of real world Assets in the Next year year and a half well then that Means that the US dollar is going to Have to be available in a digital form Albeit stable coins or regulated cbdc Wholesale retail however it goes you're Not going to have tokenized real world Assets and just paper dollars now are we Development we do as Jen's probably Explained we do not Advocate deployment Yet of a digital dollar because we don't Know exactly what we're talking about in Terms of deployment but we do Advocate That the United States not seed Leadership on the global standard Setting table to our economic Competitors or economic adver Adversaries in terms of developing what Potentially could be a digital operating
System for a 21st century digital Economy a digital operating system for a New economy essentially here again this Comes back to a value in the protocol And not to seek leadership on the global Standard table because you want to sit Back and watch everybody else do what They're going to do and then pick the Best Innovation and value protocol so You can make the choice that will be Lasting for generations and generations It's interoperable with other systems You know there are as as as Jen may have Mentioned over a hundred countries right Now working on Central Bank digital Currencies half of that number are in Advanced stages Europe has said they Will begin start test using uh digital Euro Within next several years Britain Has said they have a digital pound Within a decade so so C Americans are Going to be facing cbdc whether we have A digital dollar or not let's just be Clear about that we're not big enough we Can insulate ourselves from interaction With the Central Bank digital currencies That are coming about the rest of the World and so how we prepare if we are to Deploy a digital dollar to be Interoperable with those those other Systems is important and then finally Competition Innovation how do we make Sure that the US leads the internet of Value in the same way we let the led the
Internet of innovation 30 years ago Wonderful wonderful comment right there From Christian Carlo digital dollar Project very quickly let's take a look At this here and see what's going on With price on the xrp chart star Defender tells us let's take a look at The xrp update on the weekly time frame Xrp continued the horizontal move this Week staying between 52 and 46 cents on Fibonacci levels therefore the primary Resistance is maintained and the uptrend Continues he says around 20 cents we Expected wave 1 towards 89 C to a188 and We had it at 91 cents and it final Finalized it says here uh we discussed The wave two to be around 46 and 39 Cents in July and now for wave three is Expected xrp will continue to Triangle To Target uh at $133 moreover the F Fibonacci targets are the same staying At 188 and 585 for wave three Every day people think xrp fails and Every day he gets closer to success I Absolutely love it # freed why is this Guy suspended he didn't do a thing wrong On this platform which is exactly why It's prompted me and the malicious Attacks I've been a victim of over the Last several years being in the uh Social media influencer business and I Can tell you what I've done is start a Patreon too so we can keep our Relationship together no more will we be
Censored no more will be F Vault victim To social media platforms keeping our Communications disrupted I tell you Right now for the cost of a cup of Coffee you can be in this group and we Can make sure that we will always have The conversation and the connection and Not allow to be held captive by social Media and ridiculous ridiculous things That are taking place I mean how is it That somebody could be just wiped off After creating hundreds and hundreds of Thousands of people in a community for Doing no wrong and still to this day not Be reinstated we cannot accept that as Normal and we have to take the steps Together and by the way this is where I Have to leave you because we that cost a Cup of coffee you can come in here and Join us we're going to be discussing Ideological subversion the four stages Of it undermining American culture You're going to want it I'll catch all You on the next one
