Bitcoin, Cryptocurrency, and Ethereum Update - (Monday 16th Nov)
Description
Latest Bitcoin and Cryptocurrency news and trends. We take a look at the key events affecting the blockchain sector and review market movements. Combining both fundamental analysis and technical analy...
Latest Bitcoin and Cryptocurrency news and trends. We take a look at the key events affecting the blockchain sector and review market movements. Combining both fundamental analysis and technical analysis to give you full coverage of the crypto space. Find out the latest developments in DeFi and yield farming. 0:00 Introduction 2:43 Market recap/ what am I doing? 4:23 Bitcoin TA 7:38 Why I’m also looking at altcoins now 8:35 Telegram group 11:22 News recap and how does Bitcoin fit into this? 20:53 Uniswap ($UNI) farming ending.What’s going to happen? 27:04 Value DeFi ($VALUE) hack 30:01 Yield farming update 34:12 Solana ($SOL) and potential issues with ETH 2.0? 38:30 My takes on Bitcoin and plays. 43:33 Mining coins approach? 45:14 Dollar cost average strategies? 47:44 Uniswap ($UNI) prices? 49:29 Bitcoin Cash ($BCH) split 55:29 NEO https://podcasts.apple.com/podcast/boxcast/id1490037766?l=en Spotify: https://open.spotify.com/show/5iHcN9jfQwpKTbT37tS0zQ ●▬▬▬▬▬▬▬Recommendations▬▬▬▬▬▬▬● 🍖Buy & Sell Crypto: https://join.swissborg.com/r/michaeOQZM 🔎Crypto Prices: https://www.coingecko.com/ 🔒Hardware Wallet: http://boxmining.co/ledger 👍🏻Brave Browser: http://boxmining.co/brave 📲Binance Exchange : http://boxmining.co/binance ●▬▬▬▬▬▬▬▬▬▬Community▬▬▬▬▬▬▬▬▬● Boxmining Official Website: https://www.boxmining.com/ Discord: https://discord.gg/T3TrTRa Telegram Discussion Group: Currently private Telegram Announcements: https://t.me/boxminingChannel Facebook Community: https://www.facebook.com/groups/CryptoSpartans/ ●▬▬▬▬▬▬▬▬▬▬▬Social▬▬▬▬▬▬▬▬▬▬▬● Instagram: https://www.instagram.com/boxmining/ Twitter: https://twitter.com/boxmining Facebook: https://www.facebook.com/boxmining Steemit: https://steemit.com/@boxmining ●▬▬▬▬▬▬▬▬▬▬Disclaimer▬▬▬▬▬▬▬▬● I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.
AI Analysis
This video dives deep into the latest happenings in the crypto world, covering everything from Bitcoin's current market movements and institutional adoption to the intricacies of DeFi, recent hacks, and the ongoing developments in various altcoins. It emphasizes the importance of understanding underlying fundamentals and market sentiment alongside technical analysis to navigate the ever-evolving crypto landscape.
* Bitcoin is currently hovering around the $16,000 mark and has been relatively stable in the last 24 hours, showing minimal movement. While prices haven't surged recently, fundamental news points to an extremely bullish outlook for the cryptocurrency.
* Ethereum saw a slight pullback after nearing $480, but the overall market trends, including Bitcoin, generally correlate, meaning altcoins often follow Bitcoin's lead or perform well when Bitcoin is stable.
* From a technical analysis perspective, Bitcoin initially showed signs of a wedge breakout but instead has formed an upward channel. It met strong resistance around $16,444.
* The market has seen "Bart Simpson patterns" (a sudden price drop followed by a quick recovery), which are often intentional moves by whales to liquidate over-leveraged long positions before the price bounces back. It's a stark reminder not to over-leverage your trades.
* The presenter is optimistic Bitcoin will stay within its current upward channel.
* While Bitcoin is making major moves, an eye is also being kept on altcoins. Historically, altcoins tend to "fly" when Bitcoin stabilizes after significant movements, so now is a good time to increase exposure to them, preparing for a potential "explosion."
* The official Telegram group is now private to maintain quality discussions and prevent bots/scammers. You need to fill out a Google form to join.
* A word of caution about a scammer who stole the old public Telegram handle and was charging people $200 to join, which is not how the legitimate group operates.
* Public interest in Bitcoin, as measured by Google Trends, is increasing but still shows some caution.
* Institutional interest in Bitcoin is growing massively, leading this current bull run.
* A recent independent report from a Citibank managing director argues Bitcoin is the "digital gold of the 21st century." This isn't just an isolated opinion; it signifies that openly bullish discussions about crypto are becoming "kosher" in traditional finance, likely a strategic move by big banks to test the waters.
* Prominent figures like Michael Saylor, initially bearish on crypto, have now accumulated significant amounts of Bitcoin, highlighting this shift.
* DBS, a major bank in Asia, is becoming very crypto-friendly, indicating a growing acceptance and integration of crypto into traditional banking services.
* The formation of RCEP, the world's largest trade block in Asia-Pacific, alongside China's aggressive push for its digital currency (DCEP), points to an emerging currency war.
* Bitcoin's unique power lies in its decentralization; it can be sent regardless of political or trade alliances, making it a potentially powerful currency in times of currency conflicts or restrictions.
* Regarding Akon's "Akoin" for Africa, while the goal of unifying currencies and fighting corruption is noble, Bitcoin is considered the more viable solution due to its established liquidity and global reach, unlike new altcoins.
* Uniswap ($UNI) farming rewards are ending soon, which will unlock roughly $2.2 billion worth of Ether.
* It's unlikely this will cause a massive dump of Ethereum, as the farming rewards for UNI were relatively small, suggesting that participants staked because they believed in Ethereum long-term, not just for the small yield.
* These unlocked funds will likely move to other yield farming pools, which could reduce the yields in those pools due to increased participation.
* The presenter is optimistic about UNI's price post-farming, as the halt in new UNI issuance will create scarcity, similar to Bitcoin halvings or YFI's supply control, which historically boosts value. UNI has already been trending upwards.
* The recent $6 million Value DeFi ($VALUE) hack was due to a flash loan attack, a common DeFi vulnerability. Flash loans allow hackers to borrow large sums of crypto without collateral to exploit minute price differences across exchanges.
* While hacks are unfortunate and a learning experience, the presenter notes that they are relatively small compared to the overall gains in DeFi. He personally has reduced his active participation in yield farming, especially in ETH/USDC pairs, to avoid impermanent loss given ETH's price surge.
* His strategy has been to simply hold Ethereum, which has been more profitable. He believes the risks in farming currently outweigh the rewards, especially since yields are much lower compared to the early days of DeFi (e.g., YFI's thousands of percent yields).
* The presenter is researching altcoins like Dodo and Alpha Finance based on community suggestions.
* Regarding Solana ($SOL), Sam Bankman-Fried (FTX/Serum) is a major supporter. Solana offers an alternative to Ethereum 2.0's sharding by scaling without it. A concern with Ethereum 2.0's sharding is potential communication delays between shards for dApps.
* However, Ethereum's community is incredibly strong and die-hard, making it very difficult to replace as the dominant smart contract platform, despite potential scaling alternatives.
* Long-term, the presenter is super bullish on Bitcoin due to growing institutional adoption, PayPal integration, crypto custody services from banks like DBS, and Bitcoin's potential role in impending "currency wars" between major global currencies.
* It's perfectly acceptable to take profits, even in a bull market. The presenter plans to dollar-cost average (DCA) sell about 2-3% of his substantial holdings (accumulated since Bitcoin was $3k-$4k) monthly. This isn't a bearish move but a strategic profit-taking approach.
* DCA (buying or selling) is a proven strategy for mitigating risk and avoiding greed, by consistently buying or selling at set intervals or price zones.
* For mining coins, a general approach is to sell 80% and keep 20%, as large positions can be risky due to constant sell pressure from ongoing farming distributions.
* Optimism surrounds UNI's price once its token distribution ceases. If the community votes to implement a UNI/ETH "pool 2" for farming, it could significantly impact UNI's price due to built-in "ponzinomics" (mechanisms that encourage holding/buying). The development of UNI V3 also contributes to this optimism.
* The Bitcoin Cash ($BCH) network recently split into BCH (BCHN) and Bitcoin Cash ABC (BCHA). BCHN, which does not include a developer tax, is the dominant chain with more hash power and blocks. BCHA, which includes an 8% developer tax for developers, is a contentious fork and currently has very low hash power, making it practically unusable.
* The presenter shared his history with BCH, noting it didn't fulfill its promise to be the "real Bitcoin," and that its community is now quite fractured.
* NEO, once a highly hyped altcoin, has managed expectations. While still active with some development, it hasn't achieved its initial promise to be the dominant blockchain in China, especially given Ethereum's strong network effect from DeFi. Ethereum's dominance makes it very difficult to replace.
* The video also briefly touches on real-world issues like negative interest rates in German banks and the presenter's views on the COVID-19 pandemic, attributing its spread to political inaction and a lack of early global cooperation.
* In terms of general tech, the presenter highlights the stability and ecosystem benefits of the iPhone 12 Pro Max camera, despite being off-topic from crypto. He also notes the current difficulty in buying new tech like RTX 3080s or PlayStation 5s due to scalping.
* The presenter offers several resources to stay informed: the "Bitcoin Out of the Box" podcast for in-depth interviews, the Boxmining Newsletter for bi-weekly market summaries, and the Boxmining Announcements Telegram channel for daily community-driven updates. A new channel, "Boxmining Clips," offers shorter, topic-specific video snippets.
Transcript
it seems so we should live stream isn't available at this moment okay it should be sending data and we should be live right now guys so guys welcome back to another episode of box mining here it's a live episode and we're gonna discuss everything about cryptocurrencies bitcoin where it's gonna go ethereum we're gonna do some cryptocurrency related news lots of news happening on the banking front now big banks are saying yeah guess what you know what bitcoin they're right about it all along well...
it seems so we should live stream isn't available at this moment okay it should be sending data and we should be live right now guys so guys welcome back to another episode of box mining here it's a live episode and we're gonna discuss everything about cryptocurrencies bitcoin where it's gonna go ethereum we're gonna do some cryptocurrency related news lots of news happening on the banking front now big banks are saying yeah guess what you know what bitcoin they're right about it all along well told you so like years ago so when bitcoin was much cheaper anyways so today is monday the 16th we're gonna recap also what's happening on the farming scene apparently value took a little bit of a hack over the weekend we're gonna talk about that we're talking about some thoughts about all coins and investing in this space well for me personally not investing advice but anyways that's pretty much it guys welcome back to the channel if you have been already and also of course if you haven't done so already smash up the likes for this episode we have 92 people watching and it's just growing because you know the moment the stream goes up man people start joining welcome big welcome big shout outs to everyone here we got invest excess box talk about cardano cardano well yeah we're going to talk about other coins as well at this point we also want to welcome dr jackal to our community he's now a member of team crypto you can join down below by clicking that little join button that does help out this channel it's only two dollars and you get a big smiley face next to your name so that always feels good as well so anyways guys we're gonna just jump straight to it uh we have a lot to discuss and if you guys have any questions comments i always read the chat up here and you know so we're getting ready and of course just leave it down we'll talk about it in today's episode and with that guys let me give a little intro and before we get started let's fire that up let me see if i'm fired fire it up i'm just trying to do that more often just trying to try to learn how to live stream recently like i've been doing more of this i'm trying to be more a little bit more professional and with that guys i want to give you guys a big shout out to anyone who's like watching bitcoin out of the box that's my new podcast coming up actually need to do window capture apparently so let's see window capture bribe bitcoin out of the box my new podcast new episodes coming this week yeah lots happening last week every week it's like super busy and i'm gonna get more episodes updated it's gonna fly like yeah like just like how bitcoin's been flying well yeah well okay look let's take a look at the markets while bitcoin flying or not flying i'll let you guys decide and we'll take a look at the prices right now so overall on the markets the last few days we haven't moved much at all so if you look at past 24 hours bitcoin barely moved an inch yes we're kind of surfing that 16 000 level i mean as i say the 16 000 is still i'm still in shock guys i'm still in shock 16 000 that's a huge huge number so right now we're in 15 948 i'm sure on some exchanges it's past 16 000 right now but anyways we're kind of figuring out where to go so that's why bitcoin hasn't moved at all in the last 24 hours plus zero minus 0.2 percent i would barely consider that moving i mean especially in bitcoin land you know moving moving would be like plus five percent minus five percent plus ten percent minus ten percent now right now ain't moving at all we got ethereum as well ethereum's pulling back a little bit i mean it shot to highs of almost 4 700 oh yeah almost it almost reached there let me just check seven day yeah it did reach there almost 4 800 oh it's not 4 000 480 you know get my vocabulary right i'm very bullish on ethereum as you can see preparing for the 4 000 days but not yet not yet not yet just gotta wait wait a bit and so we did we are pulling back a little bit so recently this weekend hasn't been entirely bullish in terms of pricing but surprisingly enough the news on the other side is extremely bullish in terms of the fundamentals going forward i'll talk about that in a sec but i'll give you guys a little bit of analysis of what's happening right now so we'll go through the ta stuff very quickly on bitcoin this is bitcoin tether on binance something that's interesting is okay i'll give you this i'll move this a little bit first so we were initially eyeing a potential breakout here but it didn't really happen so you can see initially that there was this wedge here and on during last stream we're like moving up moving up moving up trying to test to see if we can break past 16 444 so just at this level here it seems that we did meet some resistance here some strong resistance to cause us to pull back a little bit but not a substantial amount right now it's still kind of the the both forces in place so now i'm gonna just change this to right now it just seems like the pattern that's developing is a channel right now so a upward channel on big point so we are seeing of course higher lows consistently you see initially we did you see initially we saw this bart simpson pattern for me and we know that this happens a lot because there are traders out there there's big whales big traders out there who are trying to cause fundamental shifts in the market and one of them is a bart simpson pattern boom they want to smash them price down and see if they can liquidate any longs this is why in this current time period this over leverage doesn't work very well because there are i know i know everyone's bullish i know that everyone's bullish but at the same time if you over leverage what happens is that these sudden spikes can cause you to lose your entire position out and then of course the price recovers again so it's like it's intentional it's intentional some traders are hunting for those long and they're trying to squeeze these longs and this absolutely happens in crypto we've seen this many times these bart simpson patterns that we're recurring theme right now and it's something that i'm still watching out for just because just because there are whales with this certain ability and they know how to play the market like this so we see that but but then again the lows that are coming each time so last time they tried to the bears tried to go below 14 000 try to go below 14 900 so now we're like at the edge of this so we'll have to see if we continue downwards or upwards but i've kind of i'm feeling quite optimistic this week that we're kind of going to stick inside this channel at this current point now that's going to be quite optimistic i would say and this kind of same thing goes with ethereum right now you see the markets are all roughly in line with each other apart from xrp if you look at the rough pattern speaking so to speak we're still roughly in the correlation phase of crypto and i think this is very true in a time when bitcoin makes major movements when bitcoin moves all the other coins either follow or kind of bend the knee to bitcoin that's kind of how the trend has been going when bitcoin makes these massive movements if bitcoin's stable if bitcoin's like kind of waiting there then that's when all the altcoins fly that's kind of usually the pattern there so what i'm waiting for right now is first i'm going to wait for bitcoin to make some major movements still i still feel there's a lot of potential for bitcoin especially right now just look at the news right now it's like it's extremely optimistic so a lot of focus a lot of eyes on bitcoin and that's kind of what i'm seeing i'm also shifting one eye to altcoins i think altcoins right now once bitcoin kind of stabilizes and it's kind of like it moves it's it pushes out breaks a few walls and then it kind of rests a little bit that's when the altcoins fly so that's why at the same time right now i'm looking at altcoins different altcoins to increase my exposure on that's kind of the period mentality mindset i'm in right now and i don't know why this is always the case i think it's always because people make money and then they start looking at altcoins like it becomes a repeating pattern self-fulfilling pattern of course so that's what i'm looking but i'm not throwing all down i'm not putting all down just yet i'm getting getting myself ready for that explosion so to speak so that's my current take on everything right now so we've got top pieces good vibes to all definitely good vibes to all we've got hewn nugent's is where can i find the telegram group link so okay so this is a stuff we as a community we definitely discuss a lot about what's happening in cryptocurrencies and the telegram group is now private so that private group we do have a link right now let me just go find that link so uh we have an application for it now so here's the deal to just increase the quality of discussion on the telegram group where now you have to fill in a little form on google and we'll invite you in this way we can prevent bots we can prevent spammers um etc so let me just find a form for you and thank you so much angela for actually coming up with the form so yeah it's been great i mean lots of teamwork lots of great stuff going on so let me just find you guys the link for that right now if i can actually find it let me just see where it is and then um let's see is it still here um i think i need to wait for let me see telegram all right there we go i'll put the form out throughout this live stream and um yeah so it just has a few questions and we just want a positive community so right now that that's the way it goes we just want less and less spam more and more good discussion and that's why we close the group on an interesting note on that group as well i do have a warning so after closing the group we lost our handle so we used to have the at box data mining um it was a handle that we had because it was a public group but once we closed that group to the private uh we lost the handle and some hacker decided to steal the handle away from us so one hacker what not not even a hacker just some just some douchebag like you don't really need to hack the handle was gone anyways so some douchebag took it and then when people messaged that douchebag they were charging two hundred dollars to get into this group right they were charging literally scamming people so i think it's much less of a hacker than a scammer the scammer was charging people money to go into to join our group it's not a it's not a paid group this this is not a paid group this is a better than that it's a high quality group of discussion and people were paying money for this this came to my attention this weekend so i had to clean out a lot of stuff but i mean that's insane right so don't don't message that guy i've removed all references to the old group name um from my telegram group like from all youtube i i like for literally that group was and the handle was literally on like 900 videos and i bulk removed all of them so now it has no reference to it but anyways the only official way to do it is via the link up there don't get scammed guys safeguarding yeah safeguarding the community hell yeah guys so douche mining that guy all right so let's hop in straight to the news let's see what's happening so i'm eyeing this all the time if you guys see this on my screen all the time i'm trying to look for how much public interest there is in bitcoin so we're increasing but still people are a little little bit cautious so that's a general public's take on it so usually what google trends tells us is it tells us overall how many people are searching for bitcoin how many people learning about bitcoin how many people how active is that keyword so right now we have grown so like after the dip in september we're growing a little bit plateauing out a little bit but we'll have to see sometimes what happens is it just explodes just like that and that's why i'm constantly eyeing this every day the interesting part here is that on the flip side we have the big bank so institutional interest in bitcoin is growing massively this is this time this run is definitely led by institutional interest now are they investing is a different topic okay that's something we're going to discuss separately but in terms of institutional interest in here we have an independent report from city bank's managing director that argues that bitcoin is a digital gold of the 21st century yeah well it's kind of obvious right we've been preaching and saying this for an endless amount of time it's just that it always feels like we're two to three years ahead of everyone else which is great mind you amazing now it becomes it's becoming kosher i think the key take home here is not that just that the managing director of city bank is doing it okay it is that is a keep take home but i'm saying this but it's also now kosher to discuss and openly be very bullish on cryptocurrencies this is because recently we're moving back up again now more and more fund managers are coming and saying you know what we were wrong before right if you look at michael saylor he was like initially super bearish about cryptocurrencies at the start but then he accumulated half a billion dollars of bitcoin right so various fund managers very very big names in crypto those who were initially calling bitcoin rat poison mind you damien diamond they're now developing services for bitcoin so this is the switch that we're having this year so the institutions that were initially very very bearish they were trying to battle it they're trying to suppress bitcoin trying to make it go away they can't they can't so yeah so now we have independent reports it's like it's very clear who he is and it's very clear what he's trying to do right in right now i think there's this is this is the way it goes right right now we have big names coming out but they're running independent reports that are that they're saying oh this is personal first so testing the waters right like very clear it's very clear that this would have gone through at least some people in citibank right that's that's just the way the strategies work out right when your managing director comes and makes these statements it's obviously been through a few hoops before access to the general public so they're testing the waters that's what i'm trying that's what they're trying to do right this is 100 part of strategy for citibank to test waters to find out okay how much interest is there general public and then we're slowly going to send that message out before the big big push also i would want to say that on the same end in terms of the banks dbs crypto is becoming quite a strong thing so this is this has been developing for some time already so um i'm just trying to find a bigger news segment for this i'm just trying to figure this out so also in asia so dbs is one of the most crypto friendly banks out there and they're warming up a lot to crypto so that's kind of the general take right now so like bitcoin custody we've got paypal launching everything as well last week stuff is moving i can just kind of find a more recent article um there is the plans you know like that's bitcoin plans to okay that's from bitcoin.com uh we got the crypt block crypto um you guys can check this up just keep an eye on this i'm that i'm eyeing this very very closely there's a lot of discussion on this especially in asia of dbs opening up the crypto crypto segment this is becoming super super hot news so that's one aspect that's making me super bullish the second aspect that i kind of find very interesting and this is related unrelated all right so rcep asia pacific country are forming the largest world's largest trading block and you see that this is something that's developing whilst the u.s is kind of doing this election thing so this is a kind of alliance economic partnership made from southeast asian countries and also south korea china japan australia australia australia and new zealand so i'm trying to do it with the australian accent didn't work out very well but the key here is that whilst the global alliances for trade right that's the old system china on the other hand they're trying to form their own little asian bubble and what you know i'm not like rcep but also there's something else that you should look about not just rcep but dcep which is dcep china's currency so this is the interesting part here trade in this region is trying to improve and they're trying to look for currency and this is where yet again this kind of currency war is coming in china is pushing in their currency called dcep very aggressively because they know that there's going to be a currency war coming and an asian pacific based currency to kind of fulfill this trade agreement this is all part of the work so rcep this is a new trade alliance and they're looking for a new currency and this currency battle is going to take us to some new places right we see the u.s dollar devaluing it's been the trade kind of it's been the the core of trade for a while right everything's based on the u.s dollar but with this asian alliance coming in that's when dcep comes in now where does bitcoin fit into all this obviously bitcoin's not there yet in terms of a global currency for trade but one thing that you kind of know is that with the new restrictions posted by you can you can definitely see where this is going there's going to be more and more restrictions for currency transfers and it's going to be more and more value to bitcoin i think that's going to be the core here that's what a lot of people don't realize and why you know all of a sudden people are calling bitcoin a digital gold but it's way beyond that digital digital gold is just the first step yes the issuance of bitcoin that's established 21 million bitcoin done right that's the first part but the other part is that bitcoin doesn't care about these trade alliances about these trade wars it you can always send it regardless of the political situation which gives it its true power this is why i'm so bullish on bitcoin now it's kind of funny i'll just bring this up here also very quickly um so my friend recently my friend from captain crypto i'll show you his channel right now but he recently did a video on a coin which is akon's coin for africa so this is interesting he did a few interviews and people interviewed akon and then uh let me see let me see captain captain uh crypto notes all right there you go so he did an interview for a coin and he did an interview of akon and then they talked to each other about you know how this works and identifying a problem all right a few things here right so i think it's cool that a lot of celebrities are getting into crypto but at the same time the kind of the problem that he's talking about and trying to solve right here is that in africa there's so many different type of currencies let's really on his pitch is like 30 different currencies in africa and he's trying to unify them all and trying to kind of remove all that corruption from the financial systems in africa whilst i think this is a noble goal i don't think a coin is a solution to that i think that's where bitcoin comes in i feel like this is where i think a lot of currencies are trying to identify problems which there are but a lot of them can't be solved by bitcoin so just let's listen to it check it out i definitely feel like it's it's worth listening to at the very very least but at the same time we have to realize that bitcoin has such a strong hold on this because bitcoin has so much liquidity right so much liquidity right now you go and exchange like a million dollars or bitcoin you will barely dent the entire you'll barely dent bitcoin and even even if you're switching uniswap that is like it's gonna be crazy but anyways i feel like that's where bitcoin's role is going to come in i'm nothing against a coin by the way i think it's cool that people are coming in but i'm just saying just saying just saying guys bitcoin has a huge role to play in the future and i feel like it's it needs to be explicit it needs to be explicit all right next up we have a few let me just um let me just take one thing here on that related note all right we'll talk about we'll talk about value and we'll talk about some coins that's like actually uniswap i should do this first so this is interesting psa for one uniswap farming ends in four days potentially freeing up 1.1 billion dollars of ether so this is going to be interesting and this is this was posted on november 13 so that's actually uh i mean four days would actually be tomorrow so this is something you really want to keep note off and this is a big movement happening so what's the deal what's the deal so right now uniswap as an exchange is offering rewards farming we've talked about that a lot it's offering rewards for people who deposit either a eave pair for usd or a bitcoin pair i'll show you that right now if the uniswap exchange pool so you're going to go to pools um uni all right so this is a uni pools i don't know why they label it so weirdly but anyways in uni you'll find um the uni pools now right now there are four pools so if die if usdc if usdt and if wbtc so these are three pools and there's a lot of money in there and it's going to end in 20 dollars um 20 hours so right now currently if you sum that up you can look at that's like half a billion dollars right there half a billion dollars right now that's one billion so you add this up it's around yeah 2.2 billion dollars roughly right now in stuck in these pools now when the rewards end people expect that they're going to pull out of these pools and that will become liquid so initially this is being formed aggressively by a lot of funds right so i will say two things right i'll say two things and uh i'll say that so this article itself is trying to say it's causing fear because it's going to free up 1.1 billion dollars worth of ether and that's going to be able to be you know dumped on market if people don't care about eef what i want to say here is i don't think this is a very big issue it's not as big as people think it is like it is it is a factor that this amount of funds is going to be unlocked once the rewards stop because i mean there's no there's no point in depositing it here after the reward stop it's like bank stops getting interest rates no one deposits anymore all same thing right uh well in eef the pool start giving so people move elsewhere so very likely i'll say say two things i'll say right now a lot of this big money here is been given by big funds that want kind of a stable return on the cryptocurrencies so i don't expect a big sell off for eef i think that was what the article was trying to cause a fear for that oh this eef is going to be free for people to sell to dump on the market i don't really think that people were staking down as eef if they didn't believe in eef reason being is because rewards were so small anyways it was not a very big reward not not nothing like the big yield farming days which were like double digits or triple digits like 20 30 hundreds thousands of percent yield no it's relatively small it depends on the pool that you're at and roughly like i think it's around 10 but it was small as hell so i don't expect that people were just buying eef just purely for these pools so i don't expect ethereum to dump aggressively i'm aware that this is happening so that's that's great that's why i'm featuring this here and then i what i see is that i see that this fund these funds will move to other pools to cause those other pools to also decrease in their value or into the yield the more i as you guys know with fuel farming the more people participating in a particular pool the more the or the less rewards you get the more you have to share that reward now also what what do i expect here as well well i also expect that uni will possibly move up reason why is because now the issuance of uni is going to stop there's going to be more rarity right this is kind of something that we discuss with the bitcoin having so you see with bitcoin there's costs and issuance every day and the same thing with uni for now bitcoin goes into halvings where the rewards drop but here with uni those rewards are going to drop immediately well in 20 hours it's going to just drop to zero so this is where it's going to cause that kind of new influx a new supply of uni to drop and this is why we've also been seen movements in uni as well so uni has been moving up slowly over time even though they say like even though there's various bits of fud like you can see that throughout um the past few days uni was moving quite a bit i mean if you guys manage to pick it up around two that's a pretty good deal so right now that's kind of the situation that's happening where uni is getting more and more attention because there's not going to be a huge influx of uni coming in and more distributions happening and i actually feel like that's a good thing i think like i talked to a few people who participated in the uni kind of how and all discussions and said you know it's kind of messy but at the end of the day what i feel like it's once uni has been distributed to the community and the community cares about uni and where it's going to go there's no further point distributing right this is kind of what i see with these yield farms right now the yield farming or these pools that distribute coins they're to entice people to your project but once they're enticed you don't need to excessively give more you need to kind of stop the flow the extra distribution and create rarity that's when kind of things become valuable and we've seen that 100 with the with wifey with yfi if you look at wifey initially they were saying oh yeah we're going to distribute more and here's a proposal for and people were trying to support that proposal but subsequently in the weeks following after people vetoed every proposal to issue out more coins and that caused the coin value to go up so it's kind of it's just basic supply and demand right there so anyways that's the that's a take on uni at this current point so yeah no no more distributions and it's going to free up a little bit of ethereum so i think that's actually quite important that's that's actually very very important in coming up now next up on the news let's move on to the next bit um okay so we covered this we had the value hack that happened this is a post-mortem on the value hack so this is something to do with vaults and this is something that i'm quite aware of in the farming scene so let me just go through this so value is uh has vaults where you can store your cryptocurrencies and they'll be used to farm and to gain apy now while this is great it does mean though that it's vulnerable to hacks and one of these hacks did happen so what happened was that six million dollars was drained from vault v2 and this is following a kind of a sequence of flash loan attacks if you guys don't know what flash okay so this this is the article here so this is this is the analysis of how it works and this is it's almost comical at this current point because we've seen this type of kind of flash loan attack happen on multiple projects so one of them being harvest or farm that happened to there and now we have it happen to value and why it's so hard to prevent is that flash loan attacks allows a hacker to essentially borrow a huge amount of ethereum and exploit very tiny differences in prices essentially allowing a kind of a virtual arbitration arbitrage of coin prices so they can potentially cause some small exploits to change values of underlying exchanges and then use larger sums to kind of attack these pools and these prices so that's where kind of the pro the pricing of coins and the speed at which you update the prices of different coins becomes very valuable but something also interesting about flash loans that this is a very defy specific aspect why is that it means hackers or any sort of programmers can borrow a huge amount of cryptocurrencies without anything so long as they program it program it and guarantee the return of that cryptocurrency i think this is such a powerful tool and this is something that we have to kind of live in in the space i mean almost everything involves every kind of major exploit involves some form of flash loan and it's good and bad right obviously we're learning in this situation and obviously it sucks for people to lose money but at the same time i feel like such a hack is relatively small to compare to how much people are making off this stuff like it's like it's plus or minus i think it's like if you look at the yields it's actually pretty strong here i didn't actually i i didn't realize the eef usdc pool was so strong i think people are probably withdrew from this um after people freaked out so this is why the yields are so strong right now so anyways um two things so i feel like right now like it's worth it if you understand the risks personally i'm not in as many vaults as you guys think i am so um so confession time and i've been saying it's not even confession time i've been saying this for some time um i haven't been as active in farming and i think it's been very apparent if you watch a lot of my videos just not as active in farming and i've been holding a lot and that includes not even being in the unit swap pools in fact i don't want to be exposed to if usdc pair because because if prices are going up like this you're going to suffer impermanent loss right so the smart thing to do was actually to just sit on your hands which is what i was doing and it was the most profitable by just having a holding my ethereum it worked out extremely well so that's my take right now like i i wasn't as aggressive i'm in pools with the mixed pools where you kind of like farming with different weird currencies i'm still in that i'm still in there but i've been a lot less aggressive i've been having a million requests for videos and interviews like from value from pylon from farm from etc and i've just been pulling i've been a lot less aggressive on that because i feel like right now the risks are very high versus the rewards this is not always going to be a case i feel like in the near future of course once the risks and once these bugs are patched i think that's going to be when farming is going to be amazing i feel like that's going to be 100 of the time to go for it but at the same time right now um because rewards are so much less compared to when farming first started i mean when we're farming at the start right the original kind of wifey farms it was like thousand percent so if it's a thousand percent yield you're gonna be willing to take a lot more risk but now because the yields are a little bit are smaller then i'm much less willing to take risk if you get what i mean like then i'm like okay i'll let whoever wants to take the risk take the risk and i'll just sit here on my eve and i'm pretty happy travis teo says what do you think of dodo i haven't i haven't looked up on it so i think what i'll do is um i'll i'll combine a list of coins i'm looking at and i do actually look aggressively at it and in fact my team was looking very aggressively at dodo as well so i'll i think this week i'm still going to compile some reports and some thoughts and we'll release them as well in some form so if you guys are interested in updates like that and maybe many updates on what's happening with a particular project and some personal or team-based views on it what i think we're going to do is we can put that on the box mining newsletter so let me just put that on the newsletter there's one more thing to do this week but that's cool um so yeah newsletter here put that in um subscribe to it and we'll give you some updates on that as well uh we have a question from newiel says any thoughts about alpha finance i got showed that hard i i got like like friday so i'll tell you a bit about that um friday um i was at a dinner in hong kong so it's a meetup in it's actually one of my friend's birthdays actually i didn't know until i got there i was really stupid didn't bring gift i was dumb but anyways i thought it was a gathering but anyways it's one of my friend's birthdays and um um there were a lot of people in crypto that were there so that included um leslie from my uh and our team at genesis block um genesis block ventures gbv uh which is something i'll talk about very soon um having a group of people to do ventures with but also um sam was there too so i got showed very hard on alpha by various people at the party so i'm gonna take a deep look at it this is today just i'll take a look at it today and also on that note as well i had a very good chat with sam backman freed from ftx as well so i just sat next to him and just had some honest opinions i just asked him like what's your honest opinions and xyz very very interesting i think like this is where crypto discussions can be taken to the next level just very casual and thoughts she shows charlotte solana super hard so yet again it's not a coin i'm gonna look at solana um like i'm making a big list of things to look at so if you guys have any other suggestions just shoot ahead i don't mind you know like we'll have we'll have a bunch of research and that's kind of the way to do it right so now is a big good time to look at it and to see why and i think it's kind of cool like if you talk to people directly and ask them why they're interested right because if you take a look from ftx perspective right ftx they created serum um the guys ftx created serum and serum runs on solana and they're like one of the biggest proponents for solana and i was like okay why why this is the case um i got the reason um and the biggest reason that like i kind of accept and um think is very valuable is that it does scaling solana scales blockchains without the need to shard very very interesting so it seems to be the case where spf is thinking sharding is very detrimental to d5 this could be the case right if you look at ethereum 2.0 it's going to scale by sharding but what decentralized applications have to choose to do is they have to choose which shard to be on and there might be a communication delay between shards so this might be a potential issue for ethereum 2.0 i'm not trying to flood it 2.0 by the way too so solana provides the alternative to that so pros and cons right so lana is scaling without sharding but you're going to meet up very big technological hurdles there because yet again it's hard to scale without sharding all centralized databases right now are sharded right if you look at mongo db and you look at various sharding protocols that they did design sharding from start to from the get-go to handle and scale so ethereum's choosing that route because it's it could be the case that you can scale very dramatically with a sharded system and we saw something like elrond or even something like cardano they've all been talking about implementing sharding on the other hand we have solana without sharding and also radix without sharding too so anyway that's kind of the kind of an interesting discussion we'll have for another time but this is the start it's the start of that discussion um but i find that kind of particularly interesting um all right so big thank you as well big big thank you for the donation from knife watch have thoughts on metal pay i'll take a look at that uh gerald potwatsky says pitovatsky sorry for butchering name have you look and thank you for donations as well have you looked at the graph protocol or red fox i've looked at the graph i think um in fact not me personally the team has been looking at the graph uh very very positive stuff on the graphics um everyone's like hyping on it like absolutely and red fox have not so i'll add this to the list of coins to look at all right on that note as well i have um i just saw um earlier comment as well which is from bob bob bob bob says box my name is still around dude red i watch you back in the day free 20k bitcoin smiley face welcome back bob bob i think i think there are people coming back into crypto and just realizing hey we're still around guys we're we're still around you know we're um that's kind of cool so yeah like you know i believe in long term right like you know this channel has been running continuously non-stop since 2000 and what 16 four years ago it's been a long time already but we've been always on but we don't we don't leave crypto we don't abandon crypto when crypto goes down like throughout all the winter we were here because we understood the value and now coming back we're still here so power power power all right um so yeah thank you guys so much for your donations as well and lots of stuff to do i feel like right now like personally right personally i feel like i'm gearing up a lot if you look at my kind of emotions i'm not very much of emotional person but deep down before there were a lot of kind of shitty projects two or three weeks ago and i don't think i get frustrated by these but i don't think we can eliminate them it's part of the research process right so we're still going to encounter shitty projects that's going to try to scam us for money but i'm very optimistic about the kind of overall meta play for bitcoin i think that's actually really really powerful there's just no reason for for us not to get into bitcoin i think that's the weirdest part right and it's a it's like gradual process you see the the situation with the banks we saw paypal being able to buy bitcoin already right now that feature's already opened up we've seen dbs and asia moving towards crypto custody and to allow kind of institutions to get in so their new program is coming we see these trade alliances being set up and the need for a currency war almost between the us dollar and the chinese renminbi and we see that conflict could lead to a situation where a currency that is decentralized becomes way more powerful because you can send around the world kind of weird and interesting isn't it but anyways so that's why i'm long-term super bullish now on a note as well one of my this is going to sound very weird all right that's gonna sound super weird um there is a culture in crypto where people are bullish and they kind of feel like they need to punish others on social media for either talking about selling or selling and i feel like this is something that's become quite um vocal over the past few months where communities become very tribal and start attacking others for selling saying they're selling or they're selling and i feel it's absolutely all right like i feel like i want to just make it very clear to this community and to everyone here that it's okay to take profit and i'm heavily heavily exposed to bitcoin like you guys cannot imagine how heavily i'm exposed to bitcoin ethereum to all these altcoins and i have been talking that i've been thinking about starting a dollar cost average sell once we move to this bull market and it absolutely makes sense because when you're on your way up just dollar cost average sell taking some profits up on the way up it's absolutely all right and i just wanted to make sure that you guys are cool with that i think like that's something that's that's done all the time and most pros and most whales that survive for a long time do it all right but unfortunately just the way it's presented on twitter and on reddit it always feels like in social media it's like all in or else it's not always the case there are very good traders that you know literally sell high buy low and that's what i've been thinking of i haven't switched to that yet so i feel people freak out when i say this and say i'm bearish but dude i bought a lot of bitcoin over the past few years i've accumulated bitcoin since those three thousand four thousand just huge accumulations of bitcoin stockpiles of that stuff talking about bitcoin when no one else cared when this channel was just completely dying because people thought oh it's over bitcoin's dead you know during 2018 2019 when people were dead i was just like continuously buying stockpiling up increasing my supply so and even towards these few months too it seems a certain point you know that accumulation hasn't stopped right so dca back in and even earlier this year too it was just like continuously pushing back in so i feel it's like when it's moving up right i've already 3x'd so that's why i'm thinking back in my mind yes um very soon i'm gonna start a dca sell but that doesn't mean i'm bearish i'm selling around two to three percent maybe every month just kind of like smooth it out a little bit so you have that kind of when crypto flows like this you literally kind of buy on the way up take some profits ease up on everything and then um you know move on a day down so i think just trying to make make you guys understand that this is absolutely okay to i mean literally do what they say buy low sell high i mean that's i don't know what else people i don't want to say on that so that's pretty much it on that note we got our our nod says no no all clean season on sbtc ends rally that's pretty much the current take on it i think that makes sense um you know bitcoin rally is ongoing and usually when bitcoin stops rallying that's when the mice come out to play right the big cat's gone the mice come out to play usually sometimes all coins do get excited you know sometimes it's excitable that's why right now i'm taking that very very deep dive into it i'm looking at more and more kind of coins looking at bigger projects and looking at the communities and trying to see what's undervalued or not that's the kind of the best this is the best time for it so um wesley says high box money we're able to look at sharing sharing i have a i have a friend that's a super big show for sharing i haven't looked at it to be honest um pablo wasserman says pickle finance starts um i'll be honest with all the mining coins i don't really hold on my big positions like i like i said if i mine it i sell 80 percent keep around 20 percent and that's pretty much it um taking up positions is quite dangerous until the farming stops because farming is just always a kind of a sell-off of those coins and this is why farming is becoming very unpopular recently right there's a huge cell pressure i think pickle not so much i mean they're distributing a little bit less i'll have to take a look but that was kind of my classification like all farming coins in my mind were just like you know let them let them let them distribute coins for a while and then we'll talk right that makes a lot of sense um micro business media dollar cost average is a safest way to invest in slash tape profits it keeps you from being greedy absolutely absolutely um there are so many people who were excessively greedy they turn a thousand into a hundred thousand and then turn a hundred thousand into 500 uh without taking any profits in the meantime i mean you you hear the stories all the time right that's the kind of funny thing about crypto i hear these stories all the time um i mean you like when people tell them you're like sometimes you just like you feel like you want to slap them in the face because they didn't take any profits and now they're poor again right but the key here not laughing at other people's visories um like i've done that before too i've done that where you get so greedy you think this is going to go up another 100x um even when you're up 100x um and greed takes the best of you and this is where kind of having a planned strategy or dollar cost averaging helps dollar profit cost averaging is essentially splitting it up so at a certain point of time you'll have to either buy or sell regardless so let's say um the strategies for every week or every month so let's say the first monday of every month you're going to buy bitcoin that has been a very like a strategy that has actually worked extremely well so if you did accumulate bitcoin the first monday of every month since 2015 congrats to you right over a period of time consistently just buying a little bit that's all that's always worked out so you kind of what kind of rough out these crazy special issues for me i adopt a slightly different one so i identify zone so if we're going down this is a dollar cost average in zone so i'll buy in we're going down i'm not exactly trying to catch that knife catching the knife is really hard right sometimes you get hurt with by catching a knife but for me it's just like kind of like slowly on the way down boom boom boom boom boom bye bye bye bye bye bye and on the way up it's slowly boom boom boom boom boom so a little bit on the time um and smooth out that curve so i definitely see that we're on the way up right now and just very very slowly kind of easing into it that's kind of what makes sense for me anyways um rice banners is why if he got hacked um yeah it's thank it's fine um i'm not gonna like either support it or defend i think i'm gonna stay very neutral on it i think that's like it's one of those things with crypto where it doesn't pay to be aggressively supporting or defending or flooding something like i've always taken the counter view like when they're trying to push hard and they say oh you know fox money pushed this very hard i'm like there's no need to do it right right now it's still very unsafe and um yeah that paid off actually so um not aggressively pushing it or whatnot um that paid off very well but at the same time i don't think it's over or dead right i think it's at the same time i feel like people should now start to understand the risk and this is something that i have understood a long time ago and um yeah i don't know what to say i mean be smart all right cool cool all right now it says buy some millions of 0.0001 shit coins it's a fair deal for the next bitcoin retracement law law oh hilarious price of uni after i think i'm pretty optimistic on price of uni actually to be honest like once the sell-off smarts uh once the distribution stops i think that's going to be probably positive um robert topovic says if uni votes for uni slash e4 or something for um familiar would be a good price for uni price absolutely the moment there's a pool with the native currency like with the kind of it's pool two right if you if you use that terminology from the wi-fi days um any pool two has inbuilt ponzinomics onto it i think this is probably why uni didn't choose to issue out pool tools like if you look at the pools for distribution of uni none of them actually include uni right so it's all if die if usd if usdt um if wbtc and i feel like there's a situation where they intentionally didn't do it at the start but if the community votes on it and they go straight forward that's going to be very interesting going forward it's going to be it's going to be fun times and uni also has been developing secretly version 3 right this is going to be that's why that's why everyone's very optimistic on uni um uni 3.3 it's been developed and there's a lot of movement there as well so anyways that's cool all right i think that pretty much covers um oh this was interesting as well just off the off the customer so we got 300 banks in germany chain charge negative interest rates including deutsche bank ing commerce bank well congrats enjoy your negative interest rates that really sucks i mean this world is really in a mess right now oh also lost last last thing last thing so i've been following this i'm not sure who's following this but it's pretty big for bitcoin cash people so bitcoin cash network split just happened so bcash has split into two networks so you got bitcoin b ch n all right and this is the one that is going to carry on the bitcoin cash name so if you look at um pretty much all the exchanges and all the um yeah aggregators like coin gecko they're linking to bch.info what was the drama what was happening so the it's a case where some developers um from bitcoin cash abc wanted to add a tax for developers they want to add an eight percent tax so that when new coins get mined eight percent of that goes to the developers to fund development of bitcoin cash now not all miners agree with that no one wants to be taxed no one wants to voluntarily vote in a tax system right so this is kind of a conflict and because the community in bitcoin cash didn't agree on where to go now there seems to be the case where there's going to be two bitcoin caches and it still seems like it so i'll update you guys the progress i i spent like literally most of this morning trying to figure out what's exactly happening because there has been some conflicting reports on whether or not bitcoin cash abc will survive so let's get this kind of the basics out of the way first and foremost the bch bch n that's the one without the tax that's the one with the most miners on it and it's the one with the most blocks being mined right so it's actually pretty uh pretty apparent now bitcoin cash abc is the fork and the fork did survive so there are right now at this point five blocks mined on this chain so it's not a completely dead trade all right so it is a contentious fork where there has been new blocks mined on bitcoin cash abc but obviously the hash power is lower so in terms of transactions confirming if you want to have three confirmations well that's roughly going to take you like 12 hours so it's not it's it's it's not usable at its current point but the way bitcoin works is that once um this period is over so like if if if the difficult if this chain continues to live on the difficulty will readjust such that it will become normal again all right so this this is how bitcoin works so when hash power decreases the difficulty will drop and the number of blocks mine will will will still continue to go on and it'll be easier and they'll just kind of move towards a target of 10 uh one block every 10 minutes so that's roughly how bitcoin works it's just that's fundamentals so what can we see here um i do expect that this fork is going to be contentious still i don't think it's going to stop if it did stop you know if if it did stop we'll see zero blocks here so anyways that's kind of the case um my personal take on this is that i don't know it's i made some good decisions when i came to bitcoin cash i would say um you know i've been through the bitcoin cash times when bitcoin cash wanted to be the next to be the real bitcoin right when it tried to rally up and we seen bitcoin cash push up to three thousand dollars and almost try to surpass the value of bitcoin that was pretty much orchestrated by particular people in south korea where south koreans literally got convinced that bitcoin cash is bitcoin like i know i know there's a long story and bring it up luckily at that time i was also very heavily influenced by a lot of minor friends who were very big into bitcoin cash now unfortunately that has not come to fruition so those koreans that bought into bitcoin cash at three thousand dollars they ate a big big big big red candle on the way down that's bitcoin cash um kinda not to hate but yeah now the community is broken i think there's still some elements of people who really like bitcoin cash and bitcoin cash has kind of split into several communities and i think that's absolutely okay um i think they kind of abandoned the bitcoin cash is bitcoin agenda but they're kind of pushing the agenda that bitcoin cash is bitcoin cash um i think that's okay i mean you know um more spendable form of bitcoin for time being i guess maybe that makes sense but of course they still have to deal with development and disputes between the minor community which is i don't know i don't know there that's that's it i know this is not the biggest you know you know me right so i think i made my good decision not holding large amounts i mean i know friends that lost millions on it so rip i guess rip but i don't want to completely smash it i think like i i'm i've learned over the years to be more respectful of communities and i'll say you know what it's good that everyone is kind of pushing their ideas and pushing development and hopefully it'll do well for them so i i'm just here to watch the drama i guess and i hope i hope it goes well i hope it goes well i hope it goes well and i hope i hope a lot of my friends don't lose too much money you know looking at you you guys know what you mean if you guys are watching this i'm looking at you guys all right cool cool um arnaud says neo was supposed to be big in 2017 since then died question mark question mark question mark um kind of i guess um neo did its thing i mean with all coins that push huge uh lots of lots of kind of promises but yet again like i think the thing with neo if you guys saw me in 2017 every time neo hyped i i would let you know you guys go speed you know manager expectations manager expectation people like oh box money you're so bearish i hate you box mining and there's so many people like why you're so bearish and neo in box mining but i'm like manager expectations it's not going to be the only blockchain in china like let's be honest there all right and uh um if you want to look at the blockchain in china super hyped right now look at polka dot or like eos for last year or something like that so um manage expectations and i think in terms of overall expectations neo's still alive but it's like it kind of be brought it got brought back to a non-hyped state yeah i think they're still doing stuff i think like um there's still some developers developing for neo they kind of got a conflict with ontology i feel like in terms of the messaging and the marketing the marketing got split between neo and ontology and then that kind of caused some disputes and freak outs in the community but something that we kind of known is that ethereum has become one of the strongest blockchains by network effect so if you want to look at a smart contract platform i mean we saw we saw ethereum just blow up with decentralized finance so d5 um you know uniswap wi-fi all the farming stuff all the lending platforms it just took ethereum to a whole new level right symphetics lead linear and all that stuff it took ethereum to a new level and that's because there's a lot of development on ethereum and that's where erc20 tokens get very valuable but at the same time i think you know an overall multiple ecosystem thing is possible just you have to manage the expectations ethereum has become so strong and so dominant that most people are realizing that it's impossible to replace ethereum i think that's pretty much the case right even with my talk with sam i think one of the recaps was uh sam bankman freed right from ftx so one of the recaps was like okay why did solana not take off if it was so better much better than ethereum why aren't a million people developing for solana well because ethereum community is very very die hard too die hard and very very stuck on ethereum and i mean anyways we'll explore that in the times to come and 2.0 is coming so lots to know about lots to see um yeah um pretty much there uh ruben r says bro you in china what's your thoughts on the pandemic resurgence you know my thoughts on the pandemic you know i made videos very very early on in fact very early on in january right after wuhan got closed off this is a big show by politicians like very very early off like we could have just stopped this um i just feel like once politics got wrapped into this the science just got buried and um yeah stupidity just came like i thought at that time when i saw it i was like oh if world leaders cooperated we could have squashed this in three weeks um if you just stop air travel right in january if you stop their travel in january if you stopped if you quarantine cities off in january if you stop social to start social distancing in january this thing would have been eliminated by feb nope all right um yeah that's pretty much it uh let's see why is cardano still why cardano still not working cardano will take ages to build i mean that's a defining characteristic about cardano you know if you if you follow cardano for anything you know cardano won't be up for another five ten years maybe i mean charles needs to take his time charles needs to take his time but you know people can speculate in the meantime oh um ocean avenue records is you were my plug to covet 19 in january very early absolutely i think like it was one of the things where like it could have been preventable it's like it should not have spread beyond china let's be honest but anyways it did you know people didn't want to stop flights people want to continue doing business people want to kind of just spread it everywhere around the world first and then we stop flights right that makes a lot of sense too right that's logical right yeah politicians uh a big disaster um harry kalahan access sam bankman is a market manipulator aka no different from than wall street scumbags i don't know man i don't know it's like he's like the vitality of making money and uh i'm not gonna like i think it's very easy for people in the space to hero cast and villain cast people give this money guys like he's just very smart like you talk to him he's like whoa super high iq respect and uh yeah he makes a lot of money is he a spun scumbag i think he got villainized during the whole defy summer but anyways you guys make your own judgment um anyways that's pretty much it guys thank you guys so much for watching today um charles's grandkids will finish it did you know that charles is only 30 something he's younger than me you know that right charles hoskinson he's actually younger than me now that's just a fact thrown out there charles i mean yeah he's like he's 33 years old 87 actually also reveals how old i am i'm actually really old but you know um there we go also by the way guys um if you guys find these videos a little bit long etc um we also have another channel called box mining clips uh that's for like shorter versions of these videos it just started a week ago so um if you want to subscribe i'll put the link channel link down below check that out so this is this is um these videos cut to a smaller length it's done by the community sometimes like so we we kind of like cut them to the right length we're still trying to figure it out but it's like it's been a week help check it out give us some suggestions we'll make this like super better so the idea here with box mining clips is to make it targeted for a specific topic and it's going to be like five minutes on a specific topic if you want to know one topic boom you get it down and box money clips that's the kind of the idea so check out box money clips i will appreciate a lot of feedback on it if you guys want to join the telegram channel there's that forum application i want to post it up here right now so that's going to come on also i highly recommend you clicking the subscribe button um we're going to do some content midweek and some live streams midweek as well unannounced times so that'll be like just pop that out and that'll be like super fun just discuss some stuff i'm sure this week is going to be full of action like i'm like i'm ready for i'm ready for it i'm super ready for it um it's going to be action-packed this week so um yeah just make sure you subscribe so i'm going to do a lot more streams here i'm actually gearing up my whole productivity system to be a lot more you know stream friendly at this current point also of course i just recently did a lot of computer stuff so i recently just upgraded to the new iphone so that's um this is the new one um interesting i think um super productive on iphone i have to say i can move away from an android to an iphone holy crap man like i don't know i don't know this is gonna be highly controversial but like um the the the ecosystem is definitely much better built out like um just transferring a video from to this to a mac and then you you can like just like submit it i think it's like super like it's super crazy how far technology has moved i think that's probably the the best way to describe it um the ability to just record a video and um and immediately edit it and then like i don't know it's it's mad madness i'll show you guys the video too um just give me one second while i'm at it uh you'll get what i mean in a sec i know it's very unclear but once i show you guys this video it'll become very clear box tech um like this one all right let's see this one this is the video um let me see one thing so this is a video i just shot on the iphone it looks a little bit weird and it washed out let's see ha ha ha interesting all right there we go this is very interesting so anyways iphone shoots in 4k hdr now and this is the this is what i've been playing around with on the weekend you see how it's like the lights the light is blown out like if you watch this video on an iphone you'll be fine but uh you know how it's overexposed right now that's very interesting i don't i don't know why it's so overexposed on this on this browser so brave is overexposed but chrome and safari should not anyways i'm gonna experiment with this this looks very weird right now it looks very overblown but that's a that's an interesting result huh so yeah iphone shoots in 4k hdr right now and the footage like if you actually see it this is me just holding the phone and it actually looks like i'm holding a gimbal right like it actually looks pretty decent and let me just release the other video too um yeah it's it's very strange like this is this is what i do all day by some like experimenting figuring out stuff and learning stuff because um hdr is very weird okay let me just refresh this super off topic i know but uh let's see save that voxtech thing guys let me let me just copy this video over there's another video here i just want to check this out very curious right now so this is shot okay all right so this works so this is rendered in hd but rendered on final cut same video so you don't see it blown out um but you probably should be able to see on hdr in some videos this is another shot same with iphone but i'm just trying to follow this guy it's this cool guy just walking there with his radar shirt but yeah i'm just trying to follow this guy it seems to be quite stable still like this is just handheld no gimbal walking and this is you see the zoom in that's with the 1x lens now so you can see the 1x lens and um it's still stable so it's comparing the wide angle and the 1x lens and both of them seem to be quite all right like you can still see the digital kind of stabilization you see you're gonna feel the steps right like right now it's a bump bump and you can see the screen kind of shake um during when i'm stepping but yeah like being able to just walk and film and i don't know that's kind of cool right and by the way this is shot in hong kong on this weekend um this is shamshay po district where you can buy computer gear and all that stuff this is the golden mall actually so this is where all the computer you buy all the computer and parts and stuff and i'll try to find a new graphics card i was trying to find um rx uh 3080s and uh yeah no no dice rtx 3080s um they're so expensive right now it's just scalpers trying to find playstation fives just no but it's like 2x the price right now like all the tech it's like because like you see on all the cool tech on the news right and uh you know playstation 5's out um nvidia's coming out with their new graphics card i mean that was old news um amd's coming out with new graphics are amd new processors uh the new five thousand um ryzen 5000 series that's up so much new tech but just can't bite them just can't bite them um you know it's it's it's been scalped it's been scalped like um crazy um a riff a carter says if hdr is misrender a standard dynamic range it looks blown out that is true um i've been looking at that but it shouldn't be so blown out because i think it's the way youtube handles hdr as well so um youtube is meant to recognize it right like um let me let me youtube is meant to recognize it and it depends on your monitor as well youtube it should be like if it's not an hdr content um youtube should render it correctly uh box tech box so i think it's just something to do with um the so if you look at the same video the first video here it's actually renders correctly on an iphone uh but that's because the iphone has an hdr display but it should identify that like um i'm supposedly told by by all the guides that youtube should identify the difference between an hdr and an hdr screen and i should adjust the gamut correctly but anyways um that's it we got olga chemis's new macbooks with m1 chip that's coming so much tech man i i really wanted to buy one i really wanted to pre-order those m1 chip guys i was like i was getting ready i was like here's my money i'm gonna throw at you but um why i held back i made a video on it too was because i'm not sure if it supports a lot of the applications i'm using right now um say for example metamask does it have support for it big question i actually need to figure it out um because at the end of the day i want to be able to use my crypto like um cryptocurrency stuff right so metamask uh use all the plugins run ledger live i'm not too sure if it works so if it does then i'm like i'm gonna buy it for like first day it's out so i'll probably go down to the apple store tomorrow when they show up in the shops and they just test it out there my code tech tips check it out it's called box tech that's the channel i made um box tech um if you want some random tech tips and uh stuff um it's kind of my side hobby um yeah you can just check that channel out i wasn't really pushing it really hard i was just like kind of a fun thing uh i didn't really want to make it a job you know it's just like a fun thing i do but anyways i'm pretty impressed like overall like with the iphone 12 a pretty pretty darn impressive actually like it's like going back to ios after two years of android um it feels like ios is pretty much android now like you have your you have an app library now which is so weird um but now you can like organize your screens better you have an app library um apple jail is so good um i pretty much transferred my old iphone onto this phone and i have like about hundreds of apps right and a lot of them are chinese apps like you got your taobao you got your wechat you got your sogu input method those apps are toxic ass okay so those apps they eat up your battery they monitor you in the background they send information back to the head post in china and they're poorly programmed so they're just crap and that's why on an android those apps will kill the android like you'll see taobao taking literally like 40 percent of your battery even though it's not being used right and that's the one thing about apple that is good is that it kills off apps when it's in the background so it's like that's the one good thing about apple like apple jail it's like it literally is what keeps this phone like stable like in terms of specs wise apple phones don't really have the best specs in terms of ram specs they're not they don't have that much ram you know refresh rates don't have the best refresh rates but what they do is that they just kill bad developers and that's key like i think that's that was necessary like that's why i said like if google literally sent that team to china went to every chinese developers that's making shitty apps and just slap them in the face and tell them to do it properly i would just jump straight to android like i would just jump back straight to android just get the z flip phone i'm like see bold phone i'm done right like that's that's the best case scenario but no like anything to do with chinese app developers you just need to slap them in the face and that's what apple does like blow where man uh ruben r says blow where that's my rant man like it's like it's not as prevalent in western so it's like you know google chrome is toxic but it's not that toxic right but you use taobao and google input methods and baidu maps forget about it forget about it like like you need to jail that stuff asap all right that's pretty much it um sammy says fine we'll settle for michael's plan to make it number one on swag ranking what that swag dipped this morning i actually need to find out why but i actually picked some up swag this morning i was like whoa that's like two cents or something that's crazy ruben r says android is best i really want to go go back i really want to go back seen axi on a run have you looked into alpha alpha alpha yeah like i said i'm i'm gonna look into it um axi is great um i think a lot of people are speculating on that it's crazy um yeah okay last question i'll look at ryan tay michael did you buy anything for double 11. i actually didn't buy anything for double 11. i didn't buy much i bought an iphone i mean i bought the new iphone fire to double 11 but yeah i was like i didn't see any good purchases usually i buy a lot of audiophile stuff but i'm pretty okay with this one i like the the iphone endeavor i'm okay with audio stuff um i recently got this which is interesting um i guess i guess i did buy one item or two items i bought i bought a bluetooth um uh what is this a bluetooth broadcaster so technically speaking i can broadcast audio on bluetooth so i can do i can use this without wires and just plug this in um boom so that that should be like a the future setup where it's like now it's like a wireless configuration and that then this connects to my computer and this will broadcast the bluetooth signal like the audio over bluetooth to my headset um only problem of course is that um like there's a slight delay with aptx anyways it's it's complicated stupid it's like the codec right now is slightly delayed and it pisses me off like slightly just slightly just like i think it's because it's using aptx hd rather than um the the one for communication which kind of cuts the lag but anyways that's that's me ranting uh anyways that's pretty much it guys uh thank you guys for caring thank you guys for watching i hope you guys can join the discussion channel on telegram and we'll have an amazing week make sure you get um a subscription to box mining make sure you're done there and make sure you check out all the other stuff and we'll put the links up and um if you guys want to join and hop on our telegram the come the uh the channel is open right there uh wait i'll put the forums up here and we've got a question asking danny one says do you still trust the swag team absolutely i mean they made swag right it's like the top asian adult entertainment website live streaming right now so i mean why not right so anyways um sd says game might win we should do that soon yeah but anyways guys thank you guys so much for watching come on telegram um we'll see you guys soon very very likely there's gonna be a stream midweek so stay tuned cheers see you guys soon and stream oh actually i have to stream and i have an answer too right uh i'll take the time now to tell you a little bit about everything that's happening in the box mining ecosystem first and foremost if you guys like listening to all that's happening in crypto on the go then i would highly recommend you checking out the box mining bitcoin out of the box podcast and the reason why it's called bitcoin out of box is because we have long interview segments very 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