ANTI-CRYPTO POLITICIANS START TO FALL. CARDANO CRUSHES ATTACK!

    two huge stories today one has to do with politics and an absolute thumping who went against crypto Angel asset second gardano beating back a Dos attack and showing that sometimes a tortoise really does win the race so before we get into that there was a video we did yesterday and we talked about the different years leading up to the all-time highs and we always take a look at the fouryear cycles of course like we’ talked about this many a time but specifically at the having years 2016 and 2020 as opposed to what’s potentially going to happen and that yesterday’s video we talked about how the next six months historically are incredibly bullish there’s only one month in the last having year in 20120 which was negative and also in 2016 there was only two but four or five are pretty good but what I failed to mention was taking a look at actually the first having year uh which was 2012 that was the very first having and it was even more bullish than the ones beforehand so again I think we’re in the right place at the right time moving forward into the cycle now does that mean that you should uh put everything into Bitcoin right now and sell your house and kids and kidneys and that’s not I’m saying I’m just saying that I think that over the next six months it things should do pretty well and also uh interesting enough is that if we take a comparative look at the one year after the all-time highs which would be 2014 because we had an all 2013 2017 and 2018 and 2022 as opposed to 2021 the year after the all-time high look at the six the back six months it’s pretty much all red so again I think things are going to do pretty well I don’t really think that the fed’s fund rate is the end all Beall because we hit all-time highs when it was you know just in the medi 5% had all-time highs when the federal funds rate was 5 and a quarter per. and even taking a look at again the M2 money Supply we do it when the printer’s on when the printer’s off the only thing that I didn’t really mention also yesterday was adoption and I want to just say congratulations to new bank which is owned by Warren Buffett as they integrate lightning payments that means a 100 million customers in Latin America are now going to be exposed to a faster cheaper way to move funds around on the light Network so congratulations to them that was just a followup now let’s get to the big Stories the big story two uh that I can see and of course there’s other things going out there but I think this is the biggest things first of all there was an absolute Beatdown of a democratic incumbent who went against crypto and lost bigly so this is uh we’re talking about Bowman Jamal Bowman crypto industry cheers Bowman loss Curtis victory in key election in primaries and the thing that’s interesting to me though you see right here it talks about how super Pacs spent millions of dollars to support Pro crypto candidates now look you can do whatever you want with your money and if that’s going to be for pro crypto I’m all for it so here’s what we have today the pro crypto super pack fairshake funded to the tune of $169 Million by some of the biggest names in crypto said it was behind a $2 million ad spend opposing Bowman that ran the days leading up the primary so if you don’t know this right here is Jamal Bowman he’s uh right now unemployed he is a Democrat for New York and he was in the House of Representatives and that is no more and the reason for that of course is because well there’s many reasons but one of those is he was not too uh crypto happy and this is a quote from Josh vasto spokesman for fair Shake he says Jamal Bowman fought against setting clear rules of the road for the crypto and blockchain Industry and tonight he’s looking for a new job crypto and blockchain Community will continue to support candidates who believe in Innovation and job creation and reach across the aisle to get things done that’s all we’re asking for we’re asking for something major we asking for a little bit of guidance and I wish uh Gary ginzer could do his job and actually give it to that and we’ll get into that in a second but also remember there’s bigger names out there there’s the winkl Voss Twins and they’ve actually uh contributed to this same fund they also contributed a couple million dollars to H Donald Trump but they State here and this is actually in response to an AOC or an Alexandria okazi Cortez tweet where she says people everywhere need to understand how disgusting and abnormal it is for special interest to dump nearly 15 million to unseat a m member of Congress in a primary this is corruption it is a core threat to American democracy it also feels Trump support Jamal Bulman and you’ve seen uh probably that video where she’s uh you know very hyped up and talking about Jamal Bowman and the Bronx and going uh kind of ballistic but uh here’s the thing it’s not illegal and it’s not unsettling and if people want to spend their money to support a candidate they believe in for their specific issues that’s called America and I will tell you right now I’m just guessing that if the same amount of money flowed into Jamal Bowman’s Camp I don’t think AOC would be saying anything let me know where I’m wrong in the comment section that’s all we got and the reason why part of the reason why he he lost course he went against the the fit 21 Bill although it was passed by democrats not all Democrats are evil I want you to everybody remember that uh Bowman’s a Democrat he was one of the few that voted against it for whatever reason and it might be a good reason because he’s Alliance in friendship with Elizabeth Warren he also voted against Saab 121 which uh see how that works out but there’s that win and then also uh there is a gentleman named John Curtis he is a republican from Utah and he is taking over for Mitt Romney so he’s now the driver seat in I believe that in the Senate so and he is very uh Pro Bitcoin he States uh Bitcoin and crypto have come a long way since llo whatever bought petza on this day in 2010 while the value is skyrocketed crypto has become a significant part of our economy especially here in Utah where Overstock was one of the first companies to accept crypto payments and uh yeah couldn’t say any better so right now I think there’s two big wins I know some people will say well Rob why do you talk so much about uh politics and it’s because politics we don’t need politicians to come for us or with us to this next evolution of what’s going to happen in finance we don’t but will just remind you that they can make things a hell of a lot faster or they can impede them and if you don’t believe me here’s everybody’s favorite fun guy Gary gendler and uh just take a listen to what he says in this recent interview this is a field that the leading lights from a couple years ago or either in jail about to go to jail or waiting extradition think about it this is that field that’s the field right now where the public has really been harmed and there’s significant non-compliance in the field well I can tell you why there’s non-compliance because there’s no clear guidelines and that is supposed to be set by the chair of the SEC which for some reason just can’t seem to get it done hopefully he’ll be gone in the next Evolution but we will see and I gotta tell you John Deon had a great response to him if you don’t know John Deon right now is uh running against Senator Elizabeth Warren in Massachusetts there’s a link in the description if you would like to donate to his campaign as I have so humbly done but here here’s what he States as the person who literally sued the SEC on behalf of tens of thousands of small investors I can state with 100% conviction that Gary gendler in the SEC has caused more harm to investors than any other person or entity during the last several years what Gensler fails to disclose is that he personally met twice with Bernie madeof of crypto SBF FDX which would be of course Sam bman freed and is yet to turn over all the notes and documents related those private meetings note to Gary if you think was a pain in the a as a private citizen working for free wait to see me as a US senator working on behalf of American taxpayers if you can get behind that first of all throw a comment in the comment section second of all donate to John Deon we need him to beat Elizabeth Warren so there is that piece that is a win as I can see it and then also don’t forget those other senators and and House Representatives that are actually Pro Bitcoin and crypto and they’re not all Republicans there’s some Democrats out there true but uh one I just want to give a shout out to is Ted Cruz from the great state of Texas and he States uh just yesterday he is incredibly bullish on bitcoin because the government can’t control it the fact they’re only going to be 21 million Bitcoin is a big deal and on top of that just two or three weeks ago Ted Cruz fired up his first Bitcoin minor so give it out to Ted Cruz for actually hopping aboard the Bitcoin digital asset train we need more people like him on and backing Bitcoin and crypto so there is that piece I thought that was a pretty big uh story and the second one is cardano now cardano is one of those chains that really has been a little bit lackluster in the price appreciation department but yesterday there was a Dos attack and from there not only did it not shut down there was a little bit of slowdown I believe correct me in the comment section but very very minor very very minor and it was actually repelled and turned around in hours and there was no negative aspects of it and Dave from its day of adus says this salana gets attacked they all have to meet in Discord and restart which is kind of funny but also true cordana gets attacked delegators get extra eight Awards transaction volume goes up blockchain remains operational and most funny of all attacker gets attacked and pce for development on cordano for Anastasia labs and his victim to us why you not bullish on Ada and if you want to like a real quick rundown of what all that is and how that actually happened follow my friend Ada ape on X or what was called Twitter as he lays out of what a Dos attack is what the solution was essentially he Compares it to a library and he says library has a way to remove these junk books from the system each junk book is a specific identifier if anyone removes one of these junk books they get a small reward and that is what the ecosystem of cardano did and did it quite quickly and then sum it all up he says in essence the network is proving its robustness by handling the attack efficiently and providing a mechanism for users to help mitigate the attack while being rewarded for their efforts and friend of the show uh Dan gamello he had a great uh stream and talked about it what it all means I will link that in the description of this video so you can check it out and he goes into way more details and uh also he’s also a fan of menes network now I’ve been talking about this for like three or four days or so the reason is because I’ve been I’ve invested into it and you know on this channel I don’t talk about unless I do but uh minut Network I was hinting that there was a uh a government contract and they have a partnership with Samoa now Samoa isn’t the biggest place I will give you that but to have a government contract which is blockchain and dpin I think says something about the project itself and uh their Partnerships that they’re having now we just talked about another partnership that they have with 1.2 billion customers take a look at that uh from yesterday’s but we did a deep dive into this video I will link that in the description of the actual project I should say of menes network so check that out and go from there and that’s it for today so look you like today’s video give it a thumbs up consider subscribing everything we talk about is time sensitive and uh that is it for this one so thanks so much I appreciate you and I’ll see you on the next one

    Block the Chain, Voter Drain is playing out like we figured it would with one of the first casualties LOSING to a candidate who hasn’t even said if he’s pro-crypto or not. Also, Cardano CRUSHED a DDOS attack and shows why it still has safety and decentralization locked down.

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    Intro [00:00]
    Bitcoin price cycle [01:00]
    New Bank [04:22]
    Anti-Crypto Politicians Fall [05:04]
    Politicians and Crypto [07:50]
    Gary Gensler and the SEC [08:12]
    John Deon [09:02]
    Ted Cruz [09:42]
    Cardano [10:12]
    Menes Network and its partnerships [10:50]
    Outro [11:38]

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    50 Comments

    1. We support anyone who is pro crypto (and was also not previously anti crypto) as investors in the US have the right to invest in crypto and/or stocks as they please. Your founding fathers were Libertarians… remember that.

    2. I hope you don’t think that your audience is this stupid. Rob. Bowman didn’t lose because of crypto, and you know this. AIPAC wanted him gone because of his lack of support for Israel. Hillary Clinton endorsed his rival, and I can guarantee she’s not for crypto. Unfortunately It's time to find a new channel that doesn't focus on politics or religion because that's the last thing I'm interested in listening to.

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    4. Is there a list of pro-crypto candidates so we know who to vote for? I tried checking candidates for my own state and could not find anything. I can't even find who voted for the FIT21 bill.

    5. Hey Rob, love the show. Thanks for expanding the conversation about crypto and even better that you are able to do it in such a way that for people who may not have exposure or knowledge about crypto can digest and understand. I began my crypto journey in 2017/18 but only brief exposure but began studying bitcoin and began dumping my bags into Bitcoin by 2019, was flush by '21 and broke again by '22. Been a fan of your channel since at least 2021. That being said, the coverage of Jabal Mowman is a bit inaccurate. I agree that we need to vote in politicians that are friendly to crypto just not too friendly where they try to put their finger on the scales. I am no fan of Bowman and I do feel like he is a clown but the coverage of the Winklevoss and AOC and her tweet being taken as a shot at crypto lobbyists but that ain't it. AOC was rreferring to the Isreal lobbyist that came in and spent the MOST money ever in a dem primary, at least for that seat but it was over $14 million for a primary race (so not even the general) . AOC was 100% speaking of groups like AIPAC, a Zionist interest group that has a WAR CHEST that is deployed for the sole purpose of achieving what's good for Isreal and Isreal alone. This is a huge issue that goes way beyond just crypto. Bowman made the mistake of speaking out about the war crimes and atrocities that are being carried out against the people of the occupied territory historically known as Palestine, carried by the war criminal that is Benjamin Netanyahu on behalf of the Zionist project and the state of Isreal. The horrors that are being carried out in OUR name, with OUR tax dollars are enough to make one lose all hope in humanity, it is that severe. The amount of women and children that have been tortured and brutally murdered is outrageous and to think its all about crypto is gross and negligent on society as a whole. This is how we have come to a point where people like Nikki Haley can travel to Israel and sign the bombs that are about to be dropped on entire whole families, dozens, sometimes up into the hundreds of innocents killed with those same bombs that the Queen Demon decides to go and sign her name to and with a sick and demented tag line such as: Finish the Job!! It is the lobbyist(s) that represent these interests and ideaologies responsible for the flooding of money to run attack ads in order to sway the population of that district into choosing a candidate that would sell out EVERY last one of their constituents if AIPAC told them to and AIPAC knew Latimer was that guy. There is a reason why HILARY CLINTON endorsed Mr. Latimer. Congrats to all those cheering Bowmans defeat! You have found yourselves alligned with the queen lizard herself….. Seriously, AOC was talking about the amount of power that foreign governments (in this case the governement of Israel) have been able to purchase from our government in order to provide the best outcome for themselves. There is much reporting that has/will be coming out that lays out just how deep the pockets are for some of these interest groups that have entrenched themselves deep within the infrastucture and societal bones of our country that are being allowed to simply flood money to buy ALL of our political leaders to some degree. These groups are disguising themselves as American interests groups but I promise you that they are anything but. Sorry for the novel of a comment. There is so much to say but I suspect that some of the parties involved in spreading the narrative that the Bowman loss was due to the crypto lobbyist spending money to unseat him, even certain crypto news websites publishing articles with headlines about how Bowmans opponent was SUPER crypto-friendly….again, framing it such that it was all or even mostly about crypto…and that is just not the case as the majority of the money came from super pacs that have direct ties to Israel-funded lobbyist groups.

    6. Digital Asset News my discrepancy with your interpretation of AOC and the millions of dollars spent to defeat Bowman. It’s not fair to say it was crypto lobbying. As much as love the idea of crypto donations supporting pro crypto candidates. What is very clear is that Jamaal Bowman is against giving unlimited funding to Israel. Pro Israel lobbying groups are currently spending over $100 million to defeat candidates that do not support funding for a war that most Americans disagree with. This is what AOC/other progressive democrats seem to have an issue with. Worth mentioning many of these pro Israel lobbyists are in the Democratic Party and are aligned with Hillary Clinton and other mainstream democrats. I don’t say this with the intent of supporting or opposing any candidates just striving for clarity acknowledging some big influences that are often overlooked or hidden.

    7. I’m a registered independent who plans to write-in Nayib Bukele for president this November. Reason why? Neither Biden nor Trump represent my people or my values!

    8. I think I particularly take your opinion on the relationship between politics and bitcoin the most compared to other YouTubers. Ben for TA, and Guy for tech. I prefer you talk about politics more. No need to apologize.

    9. The SEC doesn't set guidelines for crypto. Congress does. The fact that Congress doesn't get off their lazy butts and do the job for the people is proof positive that they don't work for us but rather they work for special interest groups. Hint: follow the money.

    10. Rob, this topic really upsets me. I wish I could vote in the US elections from Puerto Rico because right now defi related income is what keeps my family fed and these clowns are prepared to throw people like me under the bus. I'm so happy there are people willing to fight this and win.

    11. He went against genocide and our AIPAC/Israel foreign rulers of the USA. His loss had nothing to do with crypto😂. It had to do with stopping the land grab in Palestine which AIPAC destroyed him for. He went against Zionists. Over 95% of the money against Bowman was Israel money. You are wrong!

    12. Saying you're ok with unlimited amount of money in politics is saying you're ok with corruption. Weve legalized bribery and that's why our system is set up to make the rich richer and screw over everyone else. Not a good thing to be advocating for regardless of whether you like bowman or not. It's usually the big super packs fighting against the progressive candidates…wonder why

    13. Politicians go where the votes are. None of these politicians have any idea what crypto really is, or the ramifications of it. They still think it's a fringe techie thing held by a few thousand geeks. It's like watching the tide come in. It looks slow and distant…until you're being washed out to sea. Crypto is one of those world changing things, like gunpowder. (Ohh daddy, look at the pretty fireworks.) or cars. It's all just a fad. Until it changes every aspect of your entire world. Except this isn't happening in an isolated part of the world over 100 years. It's everywhere and it's happening in 10 years. Politicians haven't even started having briefings about how it works or the complexity: much less the power or immense scope of applications.

    14. Not a fan of Jamaal Boeman but his loss is a direct result of citizens United and money in politics. AIPAC bribed, I mean donated $15 million to Bowman’s opponent. Bowman depended on small dollar donations and only raises $3 million. The candidate with the most money wins. Which is a reason why our politicians work for corporations and special interests and not everyday Americans

    15. We (crypto enthusiasts) need to lookout for each other, Republican or Democrat…lookout for CRYPTO!! Donate to Deaton for Massachusetts

    16. Ehhhh, yea so while everyone is praising cardano over having stopped the attack (which is a positive thing), I have some very serious sidenotes about the method used to stop the attack, most if not all crypto outlets don't seem to bother going into any depth, but from what I can tell the attack was mitigated by exploiting a vulnerability (in presumably the smart contracts), the entire purpose of having a peer-to-peer reviewed system is to make sure such vulnerabilities do not make it through into the final product, meaning it sounds like they were saved by something that could have been very much abused, something that could have been vice versa… They claim user funds were never at risk, but I have some severe doubts about that, I can't imagine that's how that works.
      Conveniently no news outlet or dev seems to want to go into depth what this particular vulnerability was that was exploited, at least I can't find it anywhere..
      As someone who works in cybersec and does bug bounty hunting on the side I would very much love to know, especially since (and this is very positive) cardano often puts out various programs on bug bounty platforms whereas for example an ethereum does not, at least I've never seen any.
      But until they hand out more information about the exploit that turned things around I don't think we should look at this as something inherently positive, not until they give some more clarity
      And even if it was a onesided vulnerability on the attackers side, then it wasn't mitigated because cardano's robustness, it was because a dev happened to spot a vulnerability and exploited it, either through the attackers stupidity or a flaw in cardano itself (which I cannot find any clarity on)
      Aka, it would be like shooting a burglar in front of your house and then claiming it's because you have such great locks on your door.
      What is impressive tho is that the attack didn't result in any downtime, I wish they would just focus on that instead..

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