Bitcoin and Cryptocurrency Update (Friday 5th)

All right, so I say the stream is in excellent condition. Yes, we are live, guys. So welcome back to Box Mining. Sorry for that delay there. I had a little bit of trouble fighting with YouTube right there. But we should be all good, all live right now. We're going to see what's happening with crypto today after fixing what's happening with live streams, apparently. Yeah, stuff's happening. But anyways, today's Friday the 5th. Great to catch up to you guys. Feeling great today. Got a new light, if you guys noticed that. I'm going to switch it off and then switch it on. Yeah, it's a pretty bright light. So I'm trying to get used to it. But I thought, you know, I'm just trying different things right now. And this was apparently pretty, like, necessary, I think. It seems to be brighter. I'd love to hear what you guys think about that. And on the bright side, so quite a lot happened on crypto as well. So we'll talk about that today. We're in a good position right now. There was a bit of a rejection. You know how I understate things a lot? So the last time we met, obviously, Bitcoin was rallying above $10,000. And then the bears fully rejected that. So we see the infamous now Bart Simpson pattern is forming up here. You can see the spiky hair. And the very, very intense incline. And the decline over here as well. And in fact, you can see a lot of people was commenting. And I did comment on this on the last episode too as well. Where right now, a lot of people take up leverage positions. And it's not always the wisest thing to do, especially in times like this. If it suddenly goes up, it can wipe out a lot of shrub positions. And it suddenly spikes down and wipe out a lot of long positions too. So this is where it gets a little bit risky. So it's all about leveraging correctly and setting up your stop losses at the right time. And I think this is what a lot of professionals do right now. It's all about those stop losses. So making sure that it triggers at a certain time. But because there are stop losses, there's also a risk of these intense up and downs too. So this is what I guess we have to live with. I think a lot of people, I've seen a lot of people very angry at traders or whatnot. But it's part of this whole community, unfortunately. That there are people taking up intense, intense positions. And which causes, you know, these spikes to happen. And it's something to be aware of. It's something to understand very well. So right now, we're back. We're back. We're back up a little bit. We're still trying to touch the top of this red line here. So the bear is fully rejected. Our rally, our exploration, trying to go into that uncharted territory. Previously, we were talking about, you know, we wanted to explore this area. I was feeling, and I still feel very bullish right now. I think, unfortunately, right? Unfortunately, because of the way the world economy, situations are shaping up. The world is becoming a rather unpleasant place to live right now. And a lot of people are losing trust in authority. And this is where Bitcoin is excelling at. And I've seen a video over the past week where people are just talking on mainstream media. And saying, you know what? We want to exit the economy. We want to exit this. I was going to swear there, but I'm going to refrain because not everyone likes swearing. But we're going to exit this mess of an economy right now. The money printer is endlessly nonstop printing more and more money. And that doesn't look good. And being able to exit away from the economy, going into a decentralized system, I feel like this is what's making me very, very bullish right now. On top of that, we're at the edge of our seats here. We're at the edge of quite a few resistance points. So we're going to have that resistance coming in. It's still in play. But right now, we're going to see more action. That's kind of the way it's shaping up to be. Because if you look at this, the support is coming in. The area is becoming smaller and smaller. We've got to make a move soon. This was kind of a false. It was a fake move. We really didn't manage to rally above the 10K line. But I see in both worlds, stuff is very much on the edge. I got 20 messages in the past hour. Let me just put that on silence right here. So that's the situation we're at. And let me go and check out chat to see what's happening and if we are live. So guys, I know the stream was a little bit wonky this morning. Do make sure you guys smash up the likes. It really does help the stream out. We will talk a little bit more Bitcoin. Quite a lot on the news as well. On the news front, lots of quite interesting developments going on. So make sure you smash up the likes. Make sure. And whilst we're doing this right now, since YouTube is being a little bit wonky for us here, what we're going to do... Wait, wait, cancel. Exiting a lot? Let me... Let me... Play the next stream too while I was at it. Because, you know... Cancel, cancel, cancel. I mean, YouTube, man. It's... I don't get why YouTube is so wonky all the time. But anyways, regardless. So the next stream, we're scheduling that to Monday AM Hong Kong time. So let me just switch that over to Monday. And it will be at this time. I'll just give you guys the links here so you guys can check out the time and see what is happening. Bitcoin and... Alright, so let's do... The description will be very, very thin. So let me create that. Set the creation there. And guys, I also want to just ask live chat as well. How are you guys feeling recently? There's been quite a lot going on. And are you hanging to the edge of your seats? Obviously, it's altcoin season too. So every day, I kind of wake up checking up what's happening on the altcoins too. I think it's a pretty exciting time actually. Let me just... Okay, so that's the link. Let me throw that link onto live chat whilst we are here as well. So you got YTFSIC says, You're live and good. We got Benar Markaris saying, Tone's still waiting for his 1k Bitcoin. I'm like... So Tone Vaze has always been quite a big bear. And I think to a certain extent, everyone loves to hate him. He's been right sometimes and wrong, like crazy wrong some other times. But one thing I found out with all these Wall Street guys is that they're so good at covering up their failures. I love that. I think it's something that like it's what Wall Street trains you to do, right? Because he's an ex-Wall Street guy. He worked in a bank, a big bank before. And now he's a... One thing I found about Tone is that he's such a good speaker. He can convince you that he's right even though he's wrong. So if you take up positions that he tells you, just be very, very cautious. Because sometimes I realize that he doesn't trade either. So it's like, okay, great. You're talking about price, but you don't trade. I'm like, that's life. But he was right for the bear market. He was wrong for, I think, his recent kind of string. And that's where it's happening. So Kevin Chen says, any altcoins you can recommend? For altcoins, I've been going a little bit crazy. So I've been going for quite a few. So I looked at VeChain. VeChain has been rallying quite a bit. Cardano was pushing up quite a lot. For some reason, I was actually looking at a lot of the staking coins. So that includes Elrond. Recently, they're launching the validators. There's also Zcoin, Privacy Coin, where they have master nodes. So I'm actually really... For this period, all right? For this period of time. And this is not an endorsement by any means, right? So what I'm looking at is a lot of the passive income coins. Reason being is because I think I just got that bug. You know, like I got that bug where, you know, coming from a miner background, getting some passive income is great. So yeah, Zcoin, around 18% per annum. Elrond, the staking, I think once the staking and mainnet goes live, is around 40%. But obviously, with these coins, it's high risk, right? You have... Because you get a coin back, you're hoping that the coin prices don't fall. All right? So that's another topic for another day. But I've been looking quite actively at that. We've got Algorand as well. They also have a staking feature. EVE 2.0 coming out with staking features. I think that's kind of hot this year. That's like kind of the trend I'm seeing. Also, Vite. If you guys... I talked to those guys earlier. And I think Vite's quite special because it's low cap. And also what they do is they have free transactions. So what you do is instead of paying for that transaction fee, you also... You do a small compute instead to prove that you're not a bot. You're not spamming the system. So you have absolutely free fees. And you can just sign up for a transaction. It takes like virtually... I think around two seconds to do that compute. Or you can just stake to not do it. So I feel like that system is very, very interesting for the future. Because people just don't want to pay transaction fees. And on that note as well, I've been recently just finished an interview with Wax. And Wax was just like... It was up like 50% this morning. So it's crazy. I just did one of those interviews there. That's going to go live on this channel. Hopefully not too late for everyone here. But anyways... Yeah. We got Willy P asking... That's kind of a lot of altcoin dumps on you guys. But hopefully that's not too much. Mark Carter says... When you stake, you don't have to lock in time-wise. It depends on which one as well. So for example... I know for Zcoin, when you're running the nodes... So if you... You stake it, you can unlock it anytime. But then you kind of waste... If you unlock it and you want to trade with it frequently... You're not going to get those rewards either. So typically when I stake... I leave it there at least until I get something. So sometimes when you stake... So for example, with Algorand... It's very much like an hourly, daily update. Sometimes with Zcoin, it actually takes 19 days... For that... For the master node to actually do something. And then you get your reward. So you get a 7.5 coin reward. And that's been doing pretty well. So it really depends on the coin. And that's what happens. So we have a question from Willy P. How was the meeting in Lan Kui Phong last night? Then... When's the next one? I need more beer. So unfortunately I didn't make it to the meetup zone. So I've been really, really busy. This whole week. This entire week has been like a dream almost. Just like... Drifting past. And one of the reasons is because... I'm setting up a new work location. So I just rented a place. And we're going to set up some work environment there. So I'm actually going to migrate this whole studio over there. So it's really exciting. I'm actually being buying a key of furniture. Surprisingly. I mean... This is just personal life. I was trying to figure out which desk to buy. So... It was really funny. I was in Akita. And I was like, Yo guys. You want the black? Or the brown? And we got a split. We got like so many comments on this. It was like crazy. Black and brown. And we got... That was amazing guys. I love the feedback. So in the end, after reading these, I was almost... It was almost 50-50. And that made things worse for me. But anyways, I settled with black. I think black's the new... Cool. I don't know. I'm not going to say anything weird there. But yeah. That's the desk thing. We got 153 comments on desks. So guys, thank you so much for that feedback as well. That's insane. 153 feedbacks for black versus brown table. Apparently, this is very, very polarizing too. But anyway. So yeah. We're moving there. We got the new light. We're trying out new lighting. And we're trying out some new things with this channel. Why not? And yeah. This will be also... I'm really excited for this. Because the new table will be a standing sitting one. So I'll be able to, you know, stand and sit on that as well. And I actually got some new sound isolating, like sound canceling boards up as well. So hopefully audio quality will improve, et cetera. So yeah. So taking up ideas as well for new office. It's going to be quite exciting. So that's why this week, I didn't really go out that much. Just been to Akio. So, there you go. We got Rod Wave asks, Tezos? Tezos? Um, I don't know. I don't know. It's talking about all coins. Tezos. I think the thing with Tezos is that the initial launch didn't impress me that much. It was very much a, I don't know. I don't know what was impressive about it. But now that it's launched. And now that, um, uh, it's almost live. I think I definitely warrants a look through as well. And I'm actually preparing the Cardano talk as well. So a lot of people request a Cardano, V chain, et cetera. I just started a Reddit thread. Reddit Cardano, Cardano. Let me see if it's still here. Um, I asked questions of what you guys wanted for, for Cardano. So I'm not seeing, I'm seeing if it's still, but probably won't be here. But anyways, guys, if you guys want anything to be covered in the Cardano video, I see Charles a lot. But anyways, um, if you guys want to see anything covered in the Cardano video, I'm, I'm slowly getting these things up and ready. And that should be done. We got ZSS. What do you think of Hashgraph? Superman keeps shilling this, this. Um, I, I haven't looked recently into development. I mean, Hashgraph, Algorand, they're meant to be the blockchain 3.0. It's meant to be a lot better. Hashgraph had a rocky launch to be fair. So I think it literally did a 0.2 X at the start. Um, but I think recently they've been moving a little bit better. The start was really bad. To be honest, that's just my plain truth out there. The start, the launch that you need to KYC a wallet. I tried to KYC a wallet. It took like five days to KYC the wallet. And I was like, yeah, so you need to submit your ID, your password and everything. I'm like, that's not decentralized. What the hell are you talking about? But I think they kind of ironed out their bugs now because there's multiple wallet providers, et cetera. I still need to update myself on that. There's a lot happening on the altcoin front. Um, but just a warning as well, guys. So I saw this, um, yesterday, just because we're kind of entering that altcoin season, things get a little bit crazy. We saw the last altcoin season. It was just absolute insanity. I just want to, um, highlight, there was someone making a George Floyd token. It was kind of weird, but apparently they're just capturing on recent politics. And that's always not good. You know, like, um, people building coins out of nothing and kind of, um, taking advantage of someone's misfortunes. I think that's always the worst. I just want to bring you this to your attention as well. So right now, uh, while it's already altcoin season, while it's people are making shit coins out of nowhere, this is actually an ERC 20 generator. So you know how altcoins, a lot of altcoins are ERC 20 tokens as the most popular form of tokens. Like the base attention token was an ERC 20. We've got even Elrond or a lot of these coins, they temporarily are ERC 20 tokens because it's very easy to list and exchanges as an ERC 20. But anyways, this is a token generator. So it can make anything. Um, this actually literally, um, you can literally make a new coin in like 30 seconds. So I'll just call this LLL troll, uh, token, simple troll, 18 decimal places, maximum supply. I can just make it like whatever you want. This is how basically people, um, make coins. Uh, some people make their own code. Um, I've done those ERC 20 token contract myself and deployed it myself, but now I realize, you know what? There's just an app for that. Why bought it? Right? So create your own token. And then you just sign that transaction and then boom, you're good to go guys. Oh, shoot. Oh wow. I need $14 to create that. Nevermind. So it does, it does cost a little bit of money guys. $14. I need, I need to load up like $14 for fees here because just for that transaction. So, okay. I can't show you guys this live. I'll do it next session, but that's how crazy fast it takes to launch your own token. And this is why there's so many of these scam tokens out there because it literally costs, well, $14 to make one just because of the high gas fees right now. So yeah, um, uh, I'll make one next time. We'll just have fun. But I just wanted to show this to you as a demonstration of how easy it is to make your own token. And at the same time, this is what some people do. They, they make their own token and boom, they try to advertise it, make big promises. And then that's how it turns out to be a scam. Um, that's why you have to do a lot of due diligence in this space and be really smart in this space too. Uh, you have to play it smart because it's very easy to, to pop that out. And in fact, it's also very easy to listen to exchanges like Uniswap or whatnot. Just type your token contract in, float some liquidity, put your coins inside, put one ETH and you're good to go. Bam. Um, stuff's happening. So, um, yeah. Is ERC tokens better to BDC? I must know. Um, why must I know about this? Um, it's not about being better or not. I just wanted to show you guys how easy it is to make a coin. And this is why, uh, a lot of people are making new coins out there. It's not to say it's better. It was just, it's just, it's just like, uh, the, the, the process of making it. I think a lot of people think it's black magic that someone can make a coin. You know, it's, it's, it's something for super smart people. And not really. If you can click three buttons and boom, you can make your own coin out there, make your own token and start selling that token. I mean, literally can do this in an hour. You can make a website, make your coin, set it up with an exchange, decentralized exchange, most likely. And boom, you got a token trading and that's, that's just insanity. So that's why I'm just saying it's so easy to do this, but it's so easy to also scam people while it's doing this as well. So, um, we got Sudhar Balaji says, hi, hi Mike. Hey dude, welcome back again. Um, so we got Pucks about drinks. Um, yeah, we got Michael F saying 40% staking on Elrond is very generous. Um, we're seeing deep fakes in USA right now. Oh my God. It's coming, man. It's coming. Um, I actually tried to deep fake software actually cause I was learning about AI and, uh, you know, with me when I learned something, I always like to use it. So it's actually really easy to use that software. You set it up and I can record my video of myself and then it scans my face and I can just like face off, you know, I can just literally change my face or something else. It's crazy. Um, technology is moving at such a rapid, um, pace right now. And even with something called D script, they can fake the voice as well. So you have a, if you have a voice sample of someone speaking, you can use AI to learn machine learning to learn that. And then you can actually reproduce that too. So we're, we're in pretty, pretty crazy times. So that's my two cents. Um, so bringing up here. So some news catch up news as well. I would say right now, this is interesting. The fed chair, I had to like look twice at this article when I first saw it. So the U S fed chair, Jerome Powell said, yeah, Ethereum based interest reference rate works. Uh, maybe not for everyone. So that's interesting. I mean, this is something a trend would be seen over time where this, this technology is quite disruptive. I mean, uh, okay. So what, what was he referring to? So he was returning to, uh, a mirror board, which is a tool to track the inter bank lending rate. And they use this ERC seven 21 tokens for everyone. Very, very interesting how they're using Ethereum as a way of establishing trust, essentially. So you're using these tokens and you using the properties of blockchain to establish trust and to almost use that in replacement of Libdoor. So I saw two articles on this. I found that was just kind of interesting. Yet again, we saw this, um, Forbes echoing what's been seen in the cryptocurrency space, but I found that very, very interesting. So it's going to take a while for a lot of this adoption to take place, but you can kind of see that, you know, slowly over these few years, more and more FinTech companies are using blockchain in some form of the other, whether it is your Ethereum, whether it's your V chain, whether it's your, um, it doesn't really matter what the underlying tech is. Hashgraph, you can, you know, someone was talking about hashgraph earlier or, um, it doesn't really matter. But at the end of the day, I think there's a lot more trust being placed on blockchain based systems. And we see, um, that insanity going on in China as well. I mean, I was writing an article about this where blockchain is becoming such a big area, right? So we have the blockchain service network in China. Let me see, let me see if it's kind of buried there. Locked blockchain. Let me see. Oh yeah. It's blockchain service network in China. So this is actually, this is, uh, it's been kind of buried a little bit, but I would say blockchain is, you can see it's pretty huge, right? Last year, Xi Jinping, the president of China was talking about blockchain and having a nationwide push for blockchain. And then we see Tencent hosting 30 different projects on their incubator for blockchain. And this is very interesting because obviously this is in the face of a lot of people who say that blockchain as a tech, is useless. Um, we have all of these Bitcoin maximalists thinking, Oh no, Bitcoin, um, you know, the tech behind blockchain is boring and useless and other shitty database, but China's really proving us wrong. They're deploying their own variants of blockchain, but in a centralized form, which is very bizarre to a lot of people, I would say. But at the same time, I feel like it's to a point where it's no longer, um, how would you say it? Not, not only is it, it's no longer valid to view blockchain as just for Bitcoin. And these weird concepts, what, while it may seem weird at first is gaining traction. So now the future is all about how, what works, what doesn't work and what will be public and what will be private. That's going to be interesting. I mean, Bitcoin stands a very strong advantage being is decentralized. So it has, that's the, one of the most unique properties about Bitcoin. And a lot of people ask me, what's the difference between this and Bitcoin? Bitcoin, we don't know who the founder is and that's good. And he doesn't have anything. He's, he's, he's for all extents and purposes, God. And that's great because being decentralized, you don't want a centralized leader. And I think that's one of the only coins without a figurehead. I mean, Ethereum, we got Vitalik as a figurehead. We got Cardano. I got Charles Hoskinson as a figurehead. You got trying, you got Justin Sun as a figurehead. You can see that people love bigger heads still, but Bitcoin is the only one where Satoshi Nakamoto could be anyone. And he hasn't really spoken since I think it was 2012. So that's awesome. Beyond awesome. EDC. I kind of feel we've got Coca-Cola saying no leaders, no partnerships, EDC, but Ethereum classic is kind of like Charles Hoskinson side project, right? Like he's, he's played such a big role in there where, I mean, burn me if I'm wrong, but that's my two cents. I think Bitcoin is still the only one that can really validly say there was no one big, no big names that control the network. My two cents. Um, ZT says we saw BTC price drop roughly 7% within an hour during riots. That's crazy guys. I think, um, you know, I kind of brushed aside talking about all these riots and stuff. It's, it's very upsetting. Um, you know, I don't support violence in any form. That's just unnecessary. Um, I hope, I hope you guys are doing well. Um, that's what I say. Um, Mark Carter says, won't governments try to make government coin? And that's exactly what they did. I mean, they, they made us dollar government coin, right? That's your original shit coin. If you want to, if you're in, um, crypto vernacular. So, um, yeah, yeah. Um, they tried, I mean, and we see some government issued ones too. And that's when, uh, we kind of realized, yeah, we kind of want to exit from that system. So I think in crypto, it's kind of confusing because there's so many applications and use cases. Um, not only did the Bitcoin bring about a currency and a new idea, right? And I think even when you read the first Bitcoin white paper, I think it wasn't as prevalent as it is now. I think right now, because of all these riots, because of all this unrest, and because of this distrust in institutions we're having, we're coming upon a phase where we realized that having a form of currency that's independent of the government is extremely valuable. So that's my two cents on it. That's my two cents on it. So, um, this is becoming very valuable now. And that's one of the main primary concepts behind Bitcoin, but Ethereum really operates on a totally different level. It's not, I think it's not necessary to complete, like compare them. Yes, they're currencies. Yes, it borrows some concepts on Bitcoin, but Ethereum is more about a platform for decentralized applications, where it's much more than just, um, a currency, but more about a platform to establish trust. And I think we actually start need to view things separate from Bitcoin. And that's where things get much more interesting. Um, at the same time, it's much more risky too. I mean, yeah, for example, tracking Fed interest rates, that's, that's an interesting concept. That's, that can be done on Ethereum or having decentralized finance or decentralized gaming, tracking digital collectibles. All these are kind of added on features that Ethereum brings, but, you know, it's not always, Ethereum is not always about being a decentralized currency. And there's a lot of experimentation on ETH as well. For example, ETH 2.0, I just wrote an article about that. You can see that here, but ETH 2.0 is very much, it's such a big experiment. It's so risky. Um, it's so complicated and risky. It's going to be insane. And if you guys haven't caught up on that, this is going to be something insane there, something insane. So there you go. Um, it's, uh, people kind of attribute this to changing the engine of a moving car. And that's what exactly what Ethereum is doing. Um, eventually, you know, you're going to see transactions be much cheaper. So for example, deploying the contract right now, the ERC 2020 track, it's going to cost me $14 in fees. Um, yeah, that's expensive, right? But in the future with sharding, um, on Ethereum, that's going to be a way cheaper. Uh, so yeah, lots of, lots of excitement there, but also I would say there's lots of room for contracts to screw up. And which is why Ethereum, the crane is parallel network right now. It's smart, but also it's going to be confusing for in the future anyways. So anyways, uh, very, very exciting times I would say right now for just learning about what's happening. And definitely it's important to keep in touch with what's happening right now in terms of the development. Uh, we've got Coca-Cola nonstop shilling ETC. I mean, I love your passion. I know ETC, Ethereum classic is one of some things some people really love, but the way I see it is that, um, yeah, um, I'm actually worried for Ethereum classics kind of resistance to hashrate attacks. My two cents there. Sharkting party says NKID you point. Um, but yeah, I'd love to, to see, um, what's happening. Coco says LOL. Yep. Oh, cool. Um, he's going to go all in for crypto. Okay. So I think, um, last things here. So we covered this. We got what ransomware strikes, um, as security. So this is the last thing I saw. And this is the last thing I want to cover today. Um, security is becoming rather important right now to say the very least. And that's yet again, one of the understatements of the century. So this was actually quite scary when I saw it on our slash cryptocurrency, but remote access hack finance cleaned out. Ah, so this guy details in a lot of detail what happened to his account. So, I mean, TRDR too long to read it. He lost his finance account. He lost a lot of cryptocurrencies due to a hack and he takes you through the hack and where it could have originated. So he said that he accidentally installed a ledger Chrome extension that turned out to be bogus. This is very unfortunate. And I know it does happen because sometimes you search, okay, ledger, from extension. And the top one is just because of the way Google works, because Google sucks. It turns out to be a scam. And the moment you install it, you will let malware and into your computer. And what he noticed over time was that he was noticing people actually managed to access his email. So his email was compromised, which led to exchange accounts being compromised as well. So that's kind of the order of the attack. So email compromise. So first malware, then email compromise, and then they started hitting on various elements of exchanges. And this is where you, and he even set up 2FA behind exchanges. He got 2FA on all his exchanges and he's, the hacker still managed to access those exchanges and make withdrawals. Now, how did that happen? Very likely because he used key pass X. So he used another way to save the 2FA and someone managed to compromise those devices too. So I think one thing I learned from this when I read this is that it just definitely seems that hackers are getting more and more sophisticated at their attack vector. So they're planning this attack. They wait six weeks. They know what's happening when they know that you have crypto. They start sniffing around. They start figuring out what's happening and then they strike. And when they strike, they make those withdrawals and it's GG. You lose your money. So that's going to be, that is quite scary. One way to defeat this is obviously to make sure that you keep your 2FA safe and on a device that is secure. So make sure that you don't have any form of developer mode active on your phone. And even worse, don't root your Android phone because giving anything root access creates vulnerabilities and don't back it up somewhere. That's, that's kind of the scary part. I know that Google, the new authenticator on Android, you can actually back up and restore 2FK keys. These are, it's a very convenient feature. I love it. I love Google for doing it, but it also gives room for hackers to maliciously take over your 2FA. So just be careful of that. One way to prevent that is with the Yubi key. So it's a little bit expensive. I bought one for myself. So it's one of these things. So instead of authenticating with a, you know, a 2FA Google authenticator based 2FA, you use the Yubi key and Yubi key is a physical device. And the, the, this private key is stored inside and it can't be replicated by hackers. I mean, that's the attack vector, right? Hackers go into your device, they clone your key, and then they manage to log in, et cetera. So Yubi can't be cloned. It's very much like hardware wallet, hardware security, but it's quite expensive. It is a little bit expensive. I bought, I bought the, um, I think I would, I wouldn't all else. And I bought this one, the, the five CI. I don't think that's necessary. I think like this is 70 bucks, just totally unnecessary. Um, but at the end of the day, of course, 70 bucks is still better than getting your stuff stolen. Right. I mean, that's, that's a key. I mean, hardware wallets offer, uh, a whole new level of security. So what am I talking about this? This is really for exchange protection. A lot of exchanges already offer Yubi key, which means that you can protect your exchange accounts. And there is that vulnerability. There is, um, seems it's hitting it. Um, but not my car is, um, I feel a little incoming. Nah, I don't think they have affiliates, but anyways, but, um, if you actually want to do it, I think just like something cheap, like a 20 buck one was, will be fine. And that protects everything. I'm just paranoid about security guys. Uh, you know, me, uh, and especially being, uh, online. Um, I'm super paranoid about everything because, uh, I kind of reveal my identity. So people know I have crypto and then it makes things a lot worse for me. So that's where like, I'm ultra paranoid about stuff. Um, Yubi, I think Yubi is basically for exchanges and hardware wallet is to keep your own coin. And typically speaking, what I do is I'd never really leave my money long. I'd never leave my money for a long time on exchanges. Um, that's just the key because, you know, if it's on exchange, it's not yours, right? Not your keys, not your crypto. So if you want to keep it yourself, make sure you still keep it, you know, on your hardware wallet. I know it seems a little bit weird at first to keep it yourself, but, uh, um, XJC says, is it just, is it just as good to print out the QR code? I think this is to do with the paper wallets. So, um, this is kind of funny. Paper wallet. Oops. Nope. Don't want that one. I just almost clicked on the wrong one. Nevermind. I'm not going to, I'm not going to try this because apparently the top Google links are bogus, uh, but there are paper wallet printers you can do. And a lot of people, the most paranoid I've talked about, um, some programmers, they generate their paper wallets offline. Like they disconnect everything, generate their paper wallets, and then they print it out. And then this destroyed everything afterwards. That's like the most paranoid way of doing paper wallets where you print everything out and you just literally destroy the printer afterwards. So the printer can't go online and printer can't do stuff. Um, little bit extreme, little bit excessive. Uh, but you know, if you guys want that, that's good. I've also recently looked at the engrave wallet. So recently I've talked to the founders there. We're actually looking at working together to help them, but this wallet is purely offline. I think this is kind of insane. Um, you basically have no Bluetooth, no wifi, no NSC, no USB, uh, pretty much no contact with the outside. Yeah. It's not pretty much. It is no contact with the outside world. And the way it functions is that it communicates with the mobile app via QR code. So there's basically completely tamper proof in, it's completely offline. So anyways, I think that's pretty ingenious. I think the technology is becoming to a point where, yeah, we can surely keep our cryptocurrency safe ourselves. And that's good. That's good. Um, Steven Hans says, what if ink on the printed paper fade over time, then I think it's GG. Steven Hans says, that's, that's, it's GG. It's, it's when you lose everything. I think you can probably write down the key yourself, but anyways, I don't know who can properly write down 30 letters. It just doesn't make any sense. But anyways, yeah, keeping it safe. It's important. I think on this channel, we covered it to death already, but obviously not everyone covers crypto security until it's too late. And I still do have emails to this day about people asking how to recover from a hack. And I think it's just a lesson for us all. It's just, I think the way I always explain it is like, when you're a kid, you're taught how to keep your, your, your money safe, right? You wouldn't say, leave a hundred dollar note in your pocket or whatnot. It just, it's just not safe, right? You wouldn't, you wouldn't, you know, put money in a, you know, stick. I don't use, I don't know, like some stupid examples. You wouldn't stick a hundred dollar note on your jacket, right? You wouldn't just tape it there thinking it's safe. But the problem is like, that's intuitive, right? You intuitively think, Oh my God, that's stupid, right? Why would you stick a hundred dollar note on your, like with, you know, sticky tape on your, on your body. That doesn't make sense. But when it comes to crypto world, because a lot of the rules and the laws are something that we don't intuitively understand from a young age, some people do really dumb stuff. And I did really dumb stuff at the start as well. Like I just, there was something called Insta wallet. Basically you have your private key as a link. I mean, we did that in the past because we're stupid, but anyways, now we're at a much smarter state. We're much smarter about security. And that was one of the most valuable things I learned in crypto. But anyways, without showing too much anyways, guys, if you want better exchange security, check, check out the UB thing. It's a ubco.com. You search or whatever. There's no, um, there's no affiliate there, but yeah, you know, guys, just, just be safe. Just be safe. I mean, reading stuff like this, I just feel like I've always, every time I read stuff like this, I just feel sad. You know, that's, that's the, yeah, that just feels sad. Anyways, guys, hopefully security is key. Says MB. And thank you so much MB for being a member of this channel as well. And I think so many people, there are so many members of this channel. I really, I really, really appreciate it guys. Thank you guys so much for helping out. We're yeah, moving to the next step. I'm really excited for the new studio. That's going to be awesome. That's going to mean also more videos and just more freedom making videos. Better setups. I don't have to move stuff around. It's going to be really exciting for me. So I hope to see you guys there. I hope to set that up probably by next Friday. That will be done. I'm really excited for that. I'm just got the high speed internet already. I'm going to get the Kia chairs over the weekend. So you can, I'll definitely share how the building, the tables out goes, the Kia tables rather, not the chairs, but I'll share with you guys how does that building go. I'll be setting up a new computer over there. I'll be setting up some servers as well. Cause it's a brand new internet. So yeah, I will 100% setups nodes myself because you know me, I don't set up things, my home internet because just because I'm afraid being hacked, but on an office and where it's not, where it doesn't touch crypto. Sure. Why not? And yeah, I'll be setting up my own servers. I'll be doing some, a bunch of cool stuff. Very, very excited for this. I guess Sundar Balaji says, yay new studio. So guys, thank you so much for your support on all this. And yeah, this, this season has been pretty well. So thank you guys so much for watching today and expect more content in the coming weeks. And I'll see you next episode. I'll just make sure I'll just put this here. We got a question from Ansys. Can you talk about DFOs replacing DAOs on Ethereum? Oh man, that's, that's good. A question. I'll actually look more into it, but the, the issue of DAOs, I think it's like, I don't know. And I'll, I'll leave my opinions for later. I'll leave my opinions for later. This is going to be a great discussion. So hit up the likes guys. Make sure you're on the next video. Make sure you click that little set reminder button. It really does mean, it does make sure that YouTube isn't messed up. And whilst you're on the video, I'm just sending a link here. I'm spamming, posting that link there. So click that link, click the reminder on, so you know exactly when it's going to stream. And just click the likes for this video too. So it helps the video push it. And we'll have more discussions. And I think one of the, like there's so many things to do. There's so many things to do. I actually wanted to cover, um, another concept, which is like how to, how to use funding rates. Anyways, I might let the guys at GB cover that too. But, um, I was talking about that last session. And I think people who really wanted to know more about it. So lots of things to it. MB says, light, thank you so much MB and innovation group. Thank you so much for your $2 donations. Yes Indeed says, only 30 likes. Come on guys. Let's smash up the likes for this video too guys. We've got to be more active. I've got to be more shilly. I think that's, that's the thing. It's a YouTube thing. You got to constantly harass people to like your videos. So that's, that's apparently the culture, apparently the culture. but anyways guys, I, I really appreciate it. It's been really great. And I really enjoyed chatting with you guys today. So guys, thank you guys so much for watching today. We're going to have this abrupt ending in three, two, and one. See you. Make sure you click.