SEC / ETH vs. Ripple / XRP $100 Million Prediction & Federal Reserve Doomsday Book

SEC / ETH vs. Ripple / XRP $100 Million Prediction & Federal Reserve Doomsday Book

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liftoff hey everybody this is the
digital asset investor and look at
anthropic CEO this is one of th this uh
is one of the AI companies that is on
the link to my sponsor the link to
platform it’s on there right now I went
and checked listen to what he has to say
he’s an people talk about the next
generation of the stuff and they talk
about the limiting factors they talk
about processing power they talk about
the energy to produce that processing
power and they talk about data how much
data is there out there uh people now
have talked about using synthetic data
to train on
where where are you going to get the
data to train on ultimately yes uh so
one of the things is what what what you
hit on right we’re working on several
methods for developing synthetic data um
so these are ideas where you can take
real data that’s present in the model
and have the model interact with real
data in some way to produce additional
or different data but it all depends on
the original data being good data I
assume and could we ever get to a
situation where if we’re all just
training off of synthetic data the data
becomes bad it becomes a garbage in
garbage out situation yeah I mean this
is what a lot of the research that’s
focused on synthetic data is is focused
on right um so if you if you if you
don’t do this well you don’t get much
more than you started with um but it
actually is possible by injecting very
small amounts of new information to get
more than you started with if we go back
to systems of 8 years ago so if you
remember alphago which was a system that
was used to play Go note that the model
there just TRS against itself with
nothing other than the rules of Go to
adjudicate and those little rules of Go
that little additional piece of
information is enough to take the model
from no ability at all to smarter than
the best human at go um and so if you do
it right with just a little bit of
additional information you I think it
may be possible to get an infinite data
Generation all right it’s another AI
play go to linin q.com if you’re
interested um my sponsor link to who is
going to be at xrp Las Vegas by the way
um I talked to Brad comms last night the
free they are L literally now shattering
last year’s record I mean now it’s
getting crazy there’s going to be a lot
of people at xrp Las Vegas Jeremy Hogan
is here weighing in on the um his
conclusions on the Ripple reply brief
listen to
this quote taking both discretionary and
comparative factors into account account
an appropriate civil penalty would be no
more than $10 million that would reflect
about I think I left that would reflect
about blank because uh it’s redacted of
Ripple’s actual gross revenues from pre-
complaint institutional sales and would
be proportionate in both percentage and
dollar amount to comparable digital
asset cases where there was no culpable
mental state and no substantial risk of
harm or risk of harm to others well
before go the SC is requesting
$1.95 billion and ripple says not only
should there be no injunction it should
only have to pay $10 million in total
because no one was harmed they can’t
prove any harm to the investors or to
the purchasers and also $10 million
would be a reasonable penalty based upon
past penalties so I would say that based
on what we’ve seen so far in the case
that the final judgment will come out
this summer I’m guessing July maybe
August and then whatever the ruling I
think both sides file the notices of
appeal and the case heads up to the DCA
appeals court and is ruled on next year
now I wouldn’t appeal it if I was the
SEC because bad facts make bad law but
that’s just me you I don’t know if the
SEC can just let this go everything
seems very personal to
them and anyway that’s my call $100
million and an injunction as to the
institutional sales we’ll see if I hit
the uh Busey or if I’m way off Target
$100 million prediction that’s a
thumbnail Jeremy Hogan um and here’s
Fred Rolley weighing in uh hot take on
Ripple um anything greater than 10
million total would be fair and in a
would be unfair and inappropriate Ripple
is in a great position to win this one
but there are unfortunately ominous
signs um down here he says May 6th is
the SEC reply due date third parties
have until May 20 to file any motions I
would expect the decision to be sometime
in August so they’re both saying August
end of July earliest um I think he said
that his prediction was 25 million let
me see if I saw it somewhere in
here yep my prediction Ripple pays 25
million or less so 25 million to 100
million between the two
guys um between the two attorneys um
here’s Jamie Diamond uh says meanwhile
half an hour ago Jamie uh JP Morgan’s
Diamond warns World Order is being
challenged oh no Jamie world order after
after World War II Brett Woods WTO trade
un Etc what do you let me translate our
Monopoly on money is being challenged is
what he’s really meaning to say it’s
kind of being challenged and if this
doesn’t go the right way you can easily
see a world that kind of goes more to a
little bit of Chaos people realign
allies relationships Etc I’m a little
surprised that things haven’t gotten
worse for oil and gas you know people
flying drones and satellites and flowing
up northstream 1 and northstream 2 it
doesn’t take a lot to send oil and gas
prices back to 120 or higher if that
happens it’s bad for the climate you
know all the climate folks because
everyone turns back on their coal plants
poor Nations and Rich Nations but it’s
terrible for poor countries as you know
a lot of these countries are kind of
struggling a little bit already and so
you know we have a dangerous situ
situation here all right then we’ve got
this this is uh Jake
travinski before I show you Jake trinsky
the crypto meme guy knocked it out of
the park on this one uh select all the
images with hidden eth Ico Wells and you
you know how you a lot of times you’ll
get uh click on the fire hydrants so
that you can get into a um before you
can go to a website or something well
here he wants you to click on all the
disguised Wells I think you’re going to
have to click on just about all of them
potentially um now and then we’ve got
Jake jinsky from the blockchain
association he is so pained by the
potential the potentiality of SEC trying
to it would be the end of the world for
the how dare they try to call ethereum a
security I don’t remember any of this
passion when it was only Ripple in the
crosshairs and if you think that Jake
vinsky and L Shin do not know that
Ripple has been 100% transparent on
their xrp Holdings and that the ethereum
whales from the Ico have been HD hidden
intentionally if you think they don’t
know that think
again to me it’s really important to
recognize that we are in the middle of
an election year and people are looking
at the Biden Administration as a whole
very carefully to decide whether they
want to support President Biden in his
re-election campaign or whether they
don’t and one thing they’re looking at
is the coherence of the administrative
apparatus in the b in the Biden
Administration and for the SEC to deny
the spot ether ETF on the theory that
ether is an unregistered security would
essentially be like declaring open Civil
War within the administration on the
cftc there is no way fundamentally to
square the SEC saying that ether is an
unregistered security with the cftc
saying it is a commodity a non-security
that justifies the the rise of the
Futures Market which is a decision that
they’ve made and really importantly
chair Benham at the cftc has not backed
down from his view that ether is a
commodity you know just recently uh the
cftc uh in briefing in one of their
enforcement actions once again said that
ether is a commodity and so I don’t
think that Sher gendler even as
aggressive as he is wants to declare war
on the cftc and turn this sort of cold
Turf War into an open hostile H so to
Sue ethereum that would be a declare
Declaration of War this is serious now
Jake’s really got a problem with this
now he didn’t give a rats behind he was
dragged Kicking and Screaming to
supporting Ripple in their case and that
was only after it became clear that they
were going to win now I’m wondering
where the xrp crypto police are the
morning I anytime anybody says anything
about xrp that could be even bordering
on
positive if there’s even a hint of
anything being too hypy or or
misinformation they are come out of the
woodwork they create videos they do X
spaces where they talk bad about anybody
that had the gall to say that that was
real information or that or had the G to
put a title that said break news or
anything like that they’re
everywhere but here on the hyera thing
those same people did the same hype and
misinformation
things that they claim are so awful in
xrp not only did they are they not
correcting it but they did the hype
videos they did the misinformation they
jumped
in thought for a long time a lot of
these people that are you know people
call it negative in the xrp community I
don’t think that it’s negativity I think
it I think it’s people with agendas and
many of them paid agendas that are here
to try to cast doubt I mean think it
through
folks if if if all of this really is a
financial reset a reset of the whole
financial system and that’s really what
this is all about of course they would
have bad guys that they send into social
media with agendas and Mo and a lot of
paid agendas of course they would now
with regard to the H bar thing and and
for those of you that that don’t know
what I’m talking about this is yesterday
H bar um had a it was a 96% pump and by
the way I think harar is going to be one
of the handful of of winners out of all
these digital assets I’m not negative
har bar I don’t I can’t I don’t think at
the current moment I own any but but I’m
not negative H bar I I I think it would
have been great if this news was exactly
what you
saw here’s a quote from the news article
what did happen was harar a harar
project through the secondary market
tokenized shares of a black rock fund
much like I can buy Rolex take a pick
and post it on my ex account doesn’t
mean Rolex partnered with
me okay these are the exact same type of
scenarios that the xrp crypto police
come out of the woodwork on they do
these X spaces and they talk bad about
people for hours on end because they are
hype and
speculation right well Baba kugs who is
the official lightning rod of the
digital asset investor Channel said
somebody give this guy an award this guy
is Christian hasker he is the in charge
of marketing for hadera I
guess um look right here this is an
article said and cuz he’s saying yeah
wait wait for Black Rock to sign off and
include them and yes they know on
Tuesday hadera announced that black
Rock’s icus treasury market fund had
been tokenized on the hyera blockchain
in collaboration with rchs hadera
supporters on social media began
claiming that black rock chose hyera to
tokenize its fund although this wasn’t
the case Arch’s CEO Graham rodford said
it was indeed an archak choice to put
the fund on hadera in response to
criticism about misleading marketing
from
hadera all right where are the crypto
police where have you gone isn’t that a
song Where Have You Gone is that the SEC
is getting pelted they’re getting all
sorts of lawsuits starting to move into
them one of course is crypto lobbyist
the blockchain
association uh and crypto Freedom
Alliance of Texas now of course are
starting to broaden their approach on
the SEC with a lawsuit I’m going to go
to a clip real quick that goes in a
little bit deeper on uh Cody from the
Chamber of digital Commerce talking
about this and why it’s important listen
in they will bring in Gensler for an
oversight hearing this is the house of
financial services committee um they’re
likely targeting sometime this spring or
maybe early you mean they’re going to
ask him really hard questions that he
avoids answering they might even send
some letter before and after Tom emmer
Patrick McKenry they could send letters
they could even say things like today is
a new a new day is
coming and then nothing will
happen before the August recess so there
will be an opportunity to see Gensler
have to answer questions on all of his
um regulatory activity as it relates to
digital assets enforcement
actions so just remember that when that
happens the likelihood is we’re going to
see some perfectly timed fud again from
gansler he’s this is his script you know
the minute he goes in front of Congress
release the fud you know cause a lot of
the uh crypto Army to engage get Senator
Warren go out make a press statement all
those kind of things those will happen
right before so get ready those kind of
things will be coming down the
pipeline all right uh I’m doing a tweet
to a friend
um one of my friends is a big USC
football fan I just saw an article that
Reggie
Bush was going to get his hman trophy is
going to be returned and so I sent him a
cheating does pay
text the reason I have that in my crawl
at all is because uh my team Auburn the
Auburn Tigers got robbed of being in the
national champ championship against USC
and I think it was
2000 what was that 2004 I can’t remember
I think it was 2004 Cadillac Williams
anyway getting old my memory does not do
act as though as it used to now in
dip.com we’re going to talk about the
Federal Reserve Doomsday Book folks back
in the financial crisis when all of my
banker friends were were were so happy
and they were talking about what a great
thing it was how how uh our government
had saved the the economy because they
did the bailouts and all I told my
banker friends I said no no no no no
you’re wrong about that you feel good
about it because you got bailed out but
what was what happened what really
happened here was they opened Pandora’s
Box and they’re not going to be able to
put it back in all they need is an
emergency and they’ll probably create
the emergency themselves think Co um all
they need is an emergency from now on
and now that they’ve opened Pandora’s
Box they’re going to do they will break
the law they will do anything they want
to do just like they suspended
bankruptcy laws during the financial
crisis to do whatever they wanted to do
they picked and chose which banks which
car dealerships were going to live and
die that was Pandora’s Box and now we
live in a world that is not capitalism
we live in a world where oh just declare
an emergency and we can break the law at
will we can do whatever we want
well that’s what the federal doomsday
Federal Reserve Doomsday Book is about
and that’s what we’re going to talk
about in dip.com I’m the digital asset
investor I’m not an investment advisor
this is for entertainment purposes only
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