(Tuesday) Bitcoin and Ethereum Update! With Cryptonews

our essays were actually live for now today is not a good day for streaming if team turns out so anyways i had a huge amount of technical problems i well i was speaking like 10 minutes into my stream and i realized the stream's not working so yeah not a good day today but anyways guys welcome back to another episode of box mining here today's going to be a very casual discussion day today it is tuesday the 8th of december we're pretty deep into december already and today this episode is mostly geared towards news updates market updates whatever is going on recently in crypto there's been a lot going on even though okay technically speaking if you look at the main cryptocurrencies like bitcoin ethereum not too much movement in the past 24 hours in the past seven days really it's not too much going on but in terms of the altcoin space it is going bananas especially i think um you guys probably guessed it up here base protocol was just blowing up over the weekend i was like wow like like is this real like i mean is this real life like anyways i'll talk a little bit i'll leave a little bit of surprise about my reaction to base protocol uh in the rest of this video now we also have a lot that's happening yesterday so yesterday the live stream that we held was regarding omg network so recently one of my friends down at gb um in fact gb genesis block ventures made a huge acquisition which is the omg network and uh um the the kind of the back line of it now this actually sounds a little bit weird obviously my first question is how do you purchase a network it's not really about purchasing the network but really about employees about what's going to happen to the text direction and taking that to the next level so that video was up yesterday yesterday was mostly to get to know people i think this is kind of interesting because i've been good friends with clement for a long long time like this is one of my og friends in crypto but obviously he's been a little bit kind of shy for the last few years and this time he's taking the step up and really taking a step to kind of be transparent and open about what's happening and what's going forward so definitely highly encourage you guys if you guys are asking questions about omg and what's happening that's one thing to look at and obviously of course uh full disclosure like you know i'm advisor to genesis block it's the bitcoin center in hong kong a lot of people were asking me questions like you know like why if you're in hong kong and it's important to be able to have access to bitcoin and genesis block the whole area and why i got to know these guys was because they're the one bitcoin center in hong kong there's a working space there there's a meetup space there there is a place to buy and sell bitcoin there's atms there yeah it matters a lot so anyways that was a cool video yesterday definitely encourage you guys to check that out and yesterday we also released another video on it's kind of the cool timing for this this is like okay this this title really pissed off a few people but anyways the next xrp killer velo protocol is making huge moves this is the second interview with velo protocol they're doing a huge amount of work in thailand all right so that's the kind of core aspect like both of yesterday's videos was related to southeast asia and you guys can probably guess one of the reasons why i'm super interested in that region is because there's a huge need for crypto in that region and so you can see genesis block is moving more aggressively in that region and that's what's what's how kind of what's happening with the genesis block plus omg why omg is because omg has a huge foothold in thailand as well so kind of like you can kind of see where this is going i feel like thailand southeast asia can become the next south korea the next hotbed for cryptocurrencies especially because of the use cases there so if you guys check out the interview yesterday goreng actually gives you a good overview of what's happening right so this is an overview of what's happening in the region with a huge population huge number of countries like thailand philippines you have basically dividing that region up there's so many different countries and regional monetary restrictions which is why crypto makes sense in that region because you can cut down the fees for transferring money but anyways that's kind of what what the kind of gist is about it's a huge use case especially and we've seen this year we've seen we've seen this year how the titans are fighting it out we got china versus usa but at the same time within southeast asia you can see that whole ecosystem there being able to trustlessly send currencies in that region kind of important kind of important but anyways those are two video highlights um that were yesterday's videos anyways before we start today i have no idea why my mouse is so bad i it's a constantly flashing i'm i'm anyways my computer is a little bit misbehaving today i feel like one probably one of the reasons why is i recently started mining cryptocurrencies again so box mining is mining going back to the roots but you know when you're mining kind of overclock your gpu well yeah that also causes problems when you live stream so do tell me guys if you guys notice any other problems with the stream um i'll try to fix it as we go but anyways guys um that's pretty much the intro to this too today we're going to talk about the markets we're going to talk about the recent news we're going to talk about crazy rebase tokens we're going to talk about some free airdrops too if you guys are interested in some free airdrops on free coins well anyways i'm going to share that this was actually shared out in the box mining channel and in another telegram group so yeah i'm going to just share some free alpha for you guys and that's going to be fun today so guys stay tuned make sure you smash up the like button guys um yeah it does really help the channel so anyways with that guys let's get started all right let's get to the markets first of all so like i said in the top 24 hours not too much movement all right so yeah bitcoin staying 19k it's pretty strong in that 19k region we also have eef all right so it's a little bit shy of 600 right now but i'm not too worried at this current point i think eef has a huge amount of potential especially if you look at what's been kind of developing up so having this kind of breather is good just no major dumps for eef like that's that's kind of what i'm looking at and right now i'm kind of very optimistic for the holidays as well i feel like that kind of momentum has been building and we'll look at some articles there i mean in fact like i'll put the key article here um just can't um see what is this so it says micro strategy plans to do another 400 million dollar raise net proceeds will fund more bitcoin buys so you can see micro sailor has been showing non-stop it's bitcoin investments one i mean okay one of the reasons why is he probably wants to flex a little bit right so if you guys know me and how i read media i don't all i always read try to read between the lines because that's way more important than they're what they're actually saying i mean obviously this guy's saying he's bullish right michael saylor says he's bullish he wants more he wants more people to invest because if he has more assets under management he's going to make money right money is important so he's helping drum up the hype obviously he's also flexing a little bit right because he's been investing and buying bitcoin since the dip and if you guys know throughout this year bitcoin rose from 4 000 to 19 000 right um i mean i don't need to say anymore right that's that's that's done i mean judging by the huge smile and everyone's faces it's been a really good year so obviously he needs to go out flex a little bit like oh look at my bitcoin yeah look at my half a billion dollars invested this year performing number one asset guys we're best so obviously there's there's a portion of flexing there's a portion of showing off here but also at the same time he sees the opportunity to raise money and this is something that's been echoed throughout kind of this region as well i mean i've been talking to clement privately as well and you know at genesis block they've been taking back a lot more customers and i reveal to you guys you know the bitcoin center genesis block they're they're opening center center on the weekends as well they notice reactivation of a lot of different accounts trading bitcoin this is what we're seeing this is a trend that we're seeing these past two months where it's not always about you know massive amounts of new people coming in that that was 2017 right and i'm not gonna say yeah we're seeing 2017 levels i think that's not there yet because 2017 was just absolutely bananas bonkers but what i'm saying is that this year there's a lot more revived interest in cryptocurrencies have you seen that around institutional investors going into coinbase then michael saylor just taking in family family offices and funds and a lot of family offices are interested if you guys yeah and you know what at first i don't understand what family offices are it's just basically funds with rich people's money i didn't realize like before going into crypto i didn't realize how rich people how rich people can get and this is utterly insane right like anyways regardless of that that's kind of the take on the market right now i feel like there's still a lot of potential here especially with what's coming up but of course i okay i am a little bit all right here i'm a little bit saying look this might be personally for me a time to take some profits not a lot maybe five percent profits near this phase all right so i'll be honest with you guys i feel like it could be one of the stops where i do take a little bit of profit this year it's been a profitable year december's coming up um yeah it seems like you know buying springs are going to continue so my two cents there you know and i'm just overall making it more available to talk about it now obviously while the big coins aren't moving the smaller coins are just going crazy so we've seen rallies for compound block step bot band all in the double digits it's not too crazy today honestly to be honest but yeah we change also vechains also be moving up aggressively for the past week or so so if you actually look at this um it's been kind of pushing up let's do 30 days um vechain is like a well it's like it's been like program you know moving making some some all right wait here here here here makes like 180 days makes more sense right so yeah so it did dip a little bit in august but then it just kind of continued to move up aggressively over the past month or so and i've been seeing that across a few different coins too so yeah yeah pretty good stuff going on and one of the reasons why is i think vechain has been very involved in kind of getting blockchain solutions for enterprise adoption and one of them involves of course getting coped blockchain solutions out you know they kind of jumped on that almost immediately they were just trying to make sure you know these vaccines are kind of tracked on the blockchain i think it's kind of important because a lot of people are worried about whether or not these vaccines um work and you're going to get real ones well yeah blockchain solution for that right you know so you can see sunny boom i got a solution for you guys use it deploy it bun done deal all right so that's that's the magic of crypto right um so many people are looking for um transparency solutions have been pretty much well developed and they're just ready to execute and use so pretty much that's what's happening now obviously you can't talk about the market without the most search coin right now i'm really struggling with the mouse today i'm sorry guys about this this mouse is really not working i'm gonna you know what i'm gonna try to plug it and unplug it all right i'm gonna instead of throwing it at the wall i'm gonna try to plug it and unplug it so i think one of the reasons why for this mouse not working is because um it's meant to have three different computers can connect with and it's just trying to connect to multiple different ones but anyways um so yeah i think we can't hold this anymore um base protocol was just utterly insane this weekend um so yeah so so what's up with this so this is a rebase coin right and uh as rebase coins go it doesn't look terribly exciting if you look at what happened the launch happened on 2nd of december and starting off it's kind of like at 80 cents ish and then um it doesn't seem like much is happening right that's if you look at the price side it's like that's not very much but at the same time if you look at the market cap side it blew up completely it's one of those coins where it's insane like i think how how should i say this so i think rebase is a trend and i've struggled with the longest time to kind of understand why this happened because if you look at what they're trying to do i mean if if you look at the idea of ample right like i think you have to why i'm revisiting it like another coin when i'm talking about base is because ample was the first rebasing coin out there what does rebasing do well it's pretty simple it basically allows you to split a coin or um it does a it does a certain action each day where i can potentially split a coin into two coins so you end up with two coins in your pocket and logically speaking if you split a coin into two coins it's almost like a you know in a stock market where the apple shares split that's kind of the same thing and technically after a split what happens is that the price reflects that right so if you split a dollar into 10 pieces well each of the pieces should be worth 10 cents but the the way crypto works is i think a lot of people don't understand it and then people kind of buy the dip so what happens is that you keep splitting people get the extra coins and then they they rejoice because the prices kind of bounce up to original levels you split a dollar into 10 pieces and then each of the pieces are worth a dollar now so now you have ten dollars right uh anyways that's a little bit of movie magic or crypto magic for you but anyways that that was the insanity of it now here here's the interesting part so there is a lot of interest into this so all of a sudden base protocol blew up over the weekend and then um people wanted to trade this like crazy the volume on this was just bananas right it was 71 million dollars i saw on 24 hour volume people love this stuff so it just seems like this year is the the year of rebase really like it's it's a year where people are trying to discover to see if that rebasing technology works or not now in terms of formalities in terms of formalities why rebase is they want to establish a certain price for a currency so for example base protocol they're trying to target the price of the global cryptocurrency market so they're trying to use like let me just show you the dashboard right here they're trying to use the the crypto market cap in billions as an index right so they're trying to create an index a long-term index so you have a target price and the current price and what happens is that if the current price is lower than the target price then there's a negative rebase so you're going to actually have less coins so you're going to have like one coin split it into 0.5 is 0.9 coins something like that but if the price is over it you have a positive rebase where you have more coins so that's kind of how the mechanism works and how it kind of uses the the uses chain link oracles to find out what the market cap of cryptocurrencies are and then it rebases this rebases itself accordingly so that's kind of the overall objective personally for me this type of rebasing i feel as in terms of mechanics is not strong enough to create an index but you know people love it so i feel like we're kind of in a situation where people love the rebasing elements of um everything like the the kind of idea where because people in crypto are trained to look at price they don't understand how rebase completely screws that up so anyways that's the um that's why it kind of completely screws that up price doesn't really matter but you know um right now people are looking at price so we're in this kind of phase where people don't fully understand it yet but they're enjoying the ride along the way as well so anyway that's kind of cool but anyways that set up like a huge amount so rebase base protocol blew up um xbtc also blew up um dc is also blowing up um ample is blowing up like xbtc just like shot up by like what the hell is this like um two dollars what the hell this is just like this is a this is a point in crypto where i'm like you know what like the and this is what i said you know like um initially i refused to cover amp um i'm like this is the stupidest thing i've ever seen but you know what people like it uh i guess yeah it's just like you guys would you guys would you know you guys would i'm not gonna i'm still gonna say whatever i think about it i feel like um in terms of mechanics it won't do it but if people love it you know what you guys love it right and it's also a situation where uh so am i exposed to base yes i was so after it was actually after xbdc where i was like you know what let me just throw a bit there just i i know people love it um yeah why not and that really blew up like this weekend i i literally saw the balance of my account and i was like you know because i did buy a little bit of base previously um i was like i saw the balance of like this this doesn't look right like that balance of this account i was like it doesn't like it doesn't compute like why did i have so much in there so so i checked it up and i went on uni swap and i was like let me see if i can actually set a sell order there and i'm like holy shit it worked like anyways it's insane it's insane so um pretty much pretty much that i guess um people love it people love it um am i positive to it no okay i think i think for people like if you take it as a game i think it's okay but if you really look at the you know it goes back to this charles showing so later where if you're i think i can't i can present this in a nice way i think it's it's a situation where people love this type of gameplay right now if you look at from a gameplay design perspective people love this type of gameplay right now so anyways that's that's it also if you guys want to do it um base is incubated by duck dow so um this is crazy right so duck dow guys have been really aggressively kind of looking into new projects and getting exposure to projects and like people were asking me about duck dow like is it worth getting into because the purpose of duck dow is to incubate projects right so they bring projects that people tend to like and then they incubate them they allow people to start buying in these projects early on so early on investments if you hold duck dow dime you're allowed to participate into these early investments and a lot of people are asking me you know like before like it's stuck that worth it you know i joined them previously around two or three months ago absolutely like holy crap the amount of aggression that they have in finding good projects and also just getting that community together it's like my mind was blown you know like it's it's a situation where when i first started i was like you know what let me i i can't like i haven't tested it for myself yet right so it's a situation where like you know i didn't go into their projects yet but like yeah it's it's insane like how fast they move it's just crazy and if you want to be part of that incubation it's like it's still point where i just like close all my other doubts right it's like i'm like before i was in karma down like you know what uh karma projects they're okay you know andrew sometimes like them sometimes don't really care about them but but duck dow guys are like aggressively kind of making sure those projects take the right steps and that's what an incubator is supposed to do right making the right number of introductions um in fact i actually helped them introduce introductions so i know so they're like oh box who do you know what do you what what what can you do what introductions can you make right and they were so aggressive about it so you know what totally respect to that so anyways duck down dime i think duck down man those guys are just absolutely insane so anyways um desktop pc but that that being said of course just going back to the base situation obviously there was a huge hype wave um you know right now it is taking a negative rebate so you do actually lose tokens per day so it's kind of in that range where it needs to establish that equilibrium where you know if it's below a price it needs to have a negative rebate if it has a positive then it's going to look for positive rebate so we're in that negative rebate phase right now so uh we got og aesopsis at box money i'm gonna let you finish dash but but dash is one of the best crypto of all time you know what i totally respect dash community like i was actually thinking about it this morning um i totally respect the dash community what they're doing in venezuela like the community like uh mark mason like dude that guy is super right like he's building like crazy amounts of stuff for dash but but i hate the leadership like i bloody hate that leadership like it is the worst like like i was such a big dash fan and then it was almost like a miracle right i think i think maybe because i put everyone on a pedestal too high but um there was a phase when evan um was living upstairs like i was out in a service apartment and evan was literally living upstairs so evan is the the original founder of dash right the guy who you know magically created uh the instant mine incident but anyways he was living upstairs and every time i passed him on the lift i you know i was kind of hoping you know he'll be doing something crazy good for dash but no no he was kind of wondering what the the sound the universe made when um the big bang happened so anyways that pissed me off sorry sorry sorry sorry um yeah but the community is like super great man like i love to have so many friends in there as well um everyone in that like every every one of the community contributors to dash is amazing and i just like such a lost opportunity like i hate myself for what happened um you know i guess maybe it could be a sense that you know i was very new to crypto i thought these guys were like you know they're gonna fight right they're gonna fight hard but it's a situation where i feel like they are pondering that they have a lot of money it's just a lot of money a lot of money does that to you so there you go um anyways um that's kind of the distraction so anyways let's finish with base and what's going on there now um i'll do a little bit more of a distraction before crypto i've just bought this yesterday i'm gonna top uh we're talking about plants a lot so we're gonna it's box farming now so we just bought this nice tree so since it's christmas time we're gonna start adding another treat to our family of plants here um the family of plants have has rapidly grown so i guess and i'm very in very much of a way yesterday we had a tree that was well received on yesterday's stream today we have a bigger tree um i'll leave it at okay so that was john's tree by the way so it's like it's a thing anyways guys um that's pretty much what's happening guys on the market people love playing rebase coins um there's also a lot of degeneracy going on like i've been pretty much catching up with all the degen chats um yeah that's that's pretty much it on the market right now it's not it's it's the market being the market um okay so let's talk about the news let's just get through the news first um let's see what i have here okay so layer two testnet s can snx now available for withdrawal from the optimistic ethereum testnet this is something that i've been trying to spend a lot of time to look at but i still never got the time to look at which is optimistic testnet um layer two solution is coming guys so you know we talked about omg they're doing plasma we also have optimistic roll out it's zk rolls it's like it's one phase that i'll be honest here i need to spend like a six hours just lock myself down and just read up about it this is kind of the calling to do so like it's one of the ways to scale ethereum it's going to come before ethereum 2.0 can send transactions right we seem ethereum 2.0 launching but it won't immediately solve the issues of ethereum 1.0 right the reason being is because ethereum 2.0 right now it's kind of in a baby infancy phase it's just been born it can only cry can't really do much um but wait a year and it's going to just grow to this massive giant and two years it's going to be uh even it's going to be like it's going to just eat up the moon all right that's that's kind of ethereum 2.0 here um in fact my analogy with ethereum 2.0 is give it two years of grow to a massive state it's going to eat up its mommy it's going to eat up ethereum 1.0 that's how that's how big and aggressive it's going to get so we're still waiting for that so whilst we're waiting for that and also whilst this is going on layer two is being developed and layer two kind of it kind of allows for much more aggressive off chain scaling that's kind of the way you can view it and it can allow for like milli milli milli cents for transaction fee but it's the transaction may not be recorded on chain that's kind of how it goes but you have proof that this transaction can be redeemed it's it's kind of funny but anyways layer two i'll talk more about layer two i've talked a lot about layer two in reference to lightning network to plasma and stuff on this channel um i'm going to do a deeper dive into how this type of layer two works so two things i need to research very very in depth is z-crip roles optimistic roles i just need to like make sure i'm an expert on that before it hits me on the head now updates for this apparently harvest is announcing grain claims portal so if you lost money in the harvest um um debacle um you can now claim some grain i still don't really understand how these things or how these grains derive value because i wasn't actually affected by this it was a case where i kind of stopped aggressively farming before all the hacks came because i felt like the rewards just weren't good enough but you know if you're affected by this check out this article i'll definitely um yeah you know i'll definitely try to cover more if you guys are interested in that all right so we've got the micro strategy thing done that's that was the article we also have an update from kira network you guys remember we spoke to kira network they're launching 1 million keks as a liquidity provider reward so i think this is like kind of a common trend over time where liquidity providers do they do get a uh kind of a big boost from people or from tokens um allowing for um distribution so anyways if you if you provide liquidity on kira check it out we also have okay what is this what why do i have this here okay so yeah um um injective is launching its test net for defy trading platform so if you guys remember also defy it's got a layer two um it's not layer two it's it's their own layer it's they've made their own protocol just so they can do derivatives trading so they're doing a test net soon i definitely need to check that out and they don't launch that recently as well when we finish talking about base um we also had this point of data this was you know this is just a general data point but it seems to be the case that they're they've been recently detecting that billions of gold are moving to bitcoin this is kind of very interesting you know like we had this like digital gold argument for bitcoin and okay as a scientist i did not understand that you know as a chemist i'm like gold is gold right it's a it's a metal it doesn't rust so it doesn't oxidize it's highly valuable in terms of jewelry usage and also catalysis in chemistry so gold matte nanoparticles so i'm like how the hell does that relate to bitcoin right how is bitcoin gold shut the hell up but anyways um that that was my understanding as a scientist but it turns out that people who invest in gold they want a form of currency that has a fixed supply right gold has a fixed supply because the amount of gold on this planet on planet earth is finite right there's a certain amount of gold it can dig up so gold gold bugs they really love holding it so that over time it becomes more and more valuable as currency devaluates over time and we've seen that right this year currency like the us dollar is like not cool not cool so that's what happens and bitcoin has some of the similar traits too right so bitcoin has a finite supply of 21 million in fact it's less than that because some bitcoin gets lost over time and that there's no refund for that so if it gets lost it's permanently destroyed and you permanently destroyed part of that 21 million um supply of bitcoin so yeah so gold bugs are slowly starting to understand this and it's like it's a situation where gold bugs have been wrong for 10 years i mean if you listen to peter schiff and i did listen to them in the past um yeah it did they're just just just idiots right so yeah these idiots are finally moving over to bitcoin that's what that's what that's what this article is saying that's what this article is saying yeah these idiots are finally over to moving over to bitcoin because they also realize that bitcoin does exactly the same thing it has a finite supply and it's much more um transferable a lot more all right this is also just kind of meaningless fluff but then i always put it up here because some people believe in this anyways there was some fud recently about us trying to ban software wallets or some crap like that coming out of coinbase and you know now it's like oh there's other articles saying us comptroller of the currency promised a lot of good news for crypto by the end of donald trump's term so they're kind of saying you know what that was just kind of fun i don't i don't know who believes this stuff now but yeah like it's like i see this as almost like entertainment like people put up these rumors and then people believe that the us government can ban the use of software wallets and self-custody like that like like really anyways anyways all right um ethereum only investors are growing according to grayscale um ethereum dominance is very strong i'm not an ethereum maximalist by any means of the um the word but definitely a lot of people i think i think what how do you take this right how do you say so it's the asset manager say so grayscale saying that ethereum's growing mass appeal i think it's not really about enforcing ethereum maximism but rather that institutions that generally play it safe they kind of see the potential of ethereum i think it's like if you're an outsider and you've been in a financial system for the longest amount of time you don't really see the value of defy yet but if you're in defy right if you have a new lens a new way to look at the system you see the value so what's kind of what this is kind of telling me is that okay it's not that more and more people are going ethereum only but it's more and more people are coming in and starting to understand ethereum and because they only understand ethereum well they're ethereum only um that's reading between the lines right there guys reading between the lines all right oh also we got a got a comment from crypto graham just now he says i hold some gold in my power supply that goes standard power supply grabbing some love all right just catching up on chats too so uh oh wow um vit vit vit vitelic my booter in says from brooktokrum from cryptopia today dear cryptopia account holder we invite you to log in to cryptopia limited limited and begin the liquidation process wow so if you guys know um you know this is just a comment from let me see if that's actually true oh wow it is um just make sure that's true so so so doing so doing a quick look at it myself um cryptopia was an exchange that was very popular for low cap coins in 2017 and yet again it fell it fell into liquidation all right it just it just died um it was very unfortunate um it's one of those things where yet again it's like for me right um i was not strongly affected i think i have less than like a thousand dollars there and reason being is because i don't hold my funds in an exchange right but if you're affected by this exchange do go through the process of trying to claim your money i'm not going to advertise it very strongly um i will say you know first of all understanding something like this just keep your freaking coins in a ledger thank you very much um you know exchanges go bankrupt um exchanges get hacked right and you know whilst that hasn't happened to one of the biggest major exchanges but it's happened in the past so cryptopia holders you can claim hopefully that goes well honestly i've been through the mount gox process um yeah it doesn't go through um it took it's still it's still it's not that it took it's still taking time it's been like four or five years i haven't got a single dime from that so good luck um yeah so yeah we got ad maces i got the email got that email just make sure and the worst part is then you'll keep getting like from my experience with mount gox like hopefully it goes better than this but for mount gox like every single six months they'll send your email they're like oh you gotta log in you gotta fill in this you gotta give your passport you gotta do this you're gonna gotta do that and you gotta update your new address you gotta oh there's a new thing you gotta sign and confirm and if you don't do it they'll just say oh sorry um your money's gone forever good luck have fun holy crap man like sucks so yeah admate and ryan james these are definitely two ogs in this space cryptopia is definitely for those ogs the the speculators of um the amazing low cap coins all right so yeah that's pretty much it oh yeah this last thing with um last thing um okay so so recently we've been seeing a lot more news about the chinese dsep right so digital currency electronic payment and it's been under kind of like different names but at the end of the day it's about digital currency and they're gonna pilot pilot test using the digital renminbi so it's just branding right but at the end of the day it's a digital currency issued by the central bank of china it's essentially one-to-one with the renminbi so a lot of people i i don't know i don't know why but this sparks a lot of interest people are like oh how do i invest in that well it's exactly the same as a renminbi it's exactly the same as the chinese yuan depending on you know they're the same thing renminbi and ryan is the same thing right so anyways um it's the same thing all right it's the exact same thing all right um so yeah but okay what's important here what's what's the important thing it's it's a it's a evolution right the government's realizing okay instead of printing paper money it's so much easier to issue digital money so they're trying to do a test pilot for payments in hong kong and also i saw this news which is also related which is jd.com which is like kind of the amazon of china jd is the amazon right taobao is the aliexpress of china jd is the amazon of china and jd is the first online mall to accept the digital yen so they're pushing that really hard i think it's like it's growing massively this year so that's kind of the recent developments we're going to take a further look we've been covering dc ep and the dirgin currency for the longest amount of time in fact luckily for me um i'm kind of like the first google search for that so luckily me um but yeah so if you want to read a little bit more about that um we got the whole coverage and dc ep we it's it's an updated article we constantly update that all the time about what is happening in fact i've been on the news on covering this it's kind of crazy um but yeah it was kind of fun um but yeah that's dc ep right there um lots going on in that front as well all right and last thing i think let me just take a look i totally forgot about this but we have also nest coming up here uh nest so early so nest and nfy so recently obviously um back in the farming days i farmed quite a bit of nest right so what is nest nest is like the chain link it's a decentralized chain link essentially um it allows anyone to establish a price or be and become an oracle and nest has been growing quite aggressively in both their currency for establishing um bitcoin prices and for prices of n and wi-fi prices too so there i had this up on my list which is that recently they're doing a huge um kind of push for their decentralized oracle solution that's the easiest way to put it it's actually all right this is the way it was this was introduced to me by one of my friends and i was like okay let me let me try farming it and one of the powers of nest is that nest app is that you can actually say quote a particular price so you have the eef usd pricing and start quoting that and you earn nest if you want to quote the wi-fi price relative to eef you can earn n y fee so we did a little bit of that mining back in the day and that was just crazy right like you kind of like the mechanic the how it works is that you can um establish the price yourself so you can contribute the price you can become the oracle and the way to prevent people from being dishonest is that you put the assets up to stake right so you put the assets up for people to contest and if they want to contest the price that you put it out there then you're gonna be like if you put the wrong price you're gonna be arbed out right so that's kind of the mechanic to make this work and um that's a very powerful way to allow anyone to provide a price oracle to um what's happening so to become to become an oracle for various prices all right um we got xlscripto says would you consider starting a staking pool under your channel that could be interesting huh uh that could be actually quite interesting so um recently right recently we've done this which we have all nodes let me see if it's actually so recently we did an episode on how to host your ethereum node right so this is last week right on the launch of ethereum 2.0 we have ethereum 2.0 node so i'll check on the status so right now um we've hosted that on all nodes and this is something that i've been using for myself for a long time you can see the video um what's happening so it's actually quite cheap right in terms of what you can do it's uh roughly around ten dollars per month to host your own ethereum node i always recommend people host your own nodes yet again not your keys not your crypto if you host your own node you get to keep your not in the ledger you have to write this down this is a for ethereum node you have to write it down on a piece of paper because it's old school but anyways you have to hold your own coins so in terms of the update on that we did a live video last week just exactly last week seven days ago where we deposited 32 eef into the eef deposit contracts the whole process we sent you through the whole process of this positive that eef and then starting up the node on all nodes and this is the easiest way technologically speaking to be able to host and keep your keys because when you do this when you do it using this method you don't you you keep the keys yourself on a piece of paper and you keep custody over it all right that's the key and it's not it's not hackable because it's a piece of paper right that's the most primitive tech in the world you never want to like put it on your computer right you can but you shouldn't because if you put on your computer you can get hacked here you give some of that information to the node but the node doesn't have control over the coins the node only has control over the nodes so you only give the permission for the node to all nodes and you never give permission for the coins and this is important because if you're submitting 32 eef worth of coins i mean 32 eef times 600 well that's a rough estimate it's around 19k right you never you don't want to give 19k worth of currencies to someone i want someone else to manage right that that doesn't make any logical sense to me so that is the easiest way to start establishing node and we did a view of that so we did a whole video on that on the last video i highly recommend you check that out i'm i'm like shilling this like non-stop because it's important guys it's important i don't want people crying to me when some node service fails and has it gone so this is the proper way of doing it this like little geeky guy i'm so ugly here but uh we go through the entire process of setting this up so what's the current progress right now so the current progress we set it up we made the deposit it's also five days ago the deposit has been confirmed on ethereum 2 so we did the eve one deposit you know we send that transaction using metamask it is valid we got the check mark there to say yes that deposit is good and now we've also have the eve to deposit there now what we're doing for what we're doing is we're waiting for activation so the status is pending and the estimated activation is roughly in two days roughly so it might be a little bit longer than that right now a lot of people are waiting for activation off their nodes but the moment that is activated the moment that this node is activated i can start earning ethereum which is i'm what what i'm like pretty excited for so it's almost like a start your races kind of situation where i have my staking ethereum 2 staking node up and awaiting activation i've also had my ethereum 1.0 miner up and we're gonna do a race we're gonna see like which one's gonna get more yield over time um like you know passive income right that's the way it is so anyways that's that's how it is but yeah so let's check out that video too about how that is um oh actually we'll have to see let's see we got we got vitalik my brutalness is e2.0 is a crapshoot hope it goes well but i see it going down to four percent not earning much above inflation in 18 months we'll see rather be able to sell my eef when i want in the next 18 months absolutely i that's when people don't migrate all their eef right for me i have two nodes i'm being pretty public about that i'm two nodes i'm testing it out earning a public some income let me see launch pad so right now the income expected income on ethereum 2.0 at this current point is around 14 so it's going going down a little bit but i don't see it going down all the way to four percent i kind of see it kind of hovering in this region for a while at least for the time being where you're getting around 14 roughly speaking around 0.4 eef per month if you want to do it so that's actually not bad it's actually like a 300 per month just like by you know sitting there doing nothing clicking a button on all nodes getting this set up yeah it's pretty it's not much so yeah so we'll wait for uh activation and we'll see how that goes and once once this is activated then this uh validator will be able to sign blocks and vote on blocks and then it's going to start being able to earn that yummy yummy passive income lambo pending says llama 666 so that's pretty much it for today's episode guys um yeah we've covered pretty much everything here i am actually super hungry and uh lots of duo um i'm actually pretty excited everyone's talking about cyberpunk right cyberpunk's launching in cyberpunk cyberpunk it's kind of also why i got my graphics card so cyberpunk the reviews are out actually um it seems good like people are saying that um cyberpunk is short and that's why it's not good dude most people are saying it's like 20 hours right so this is the game with keanu reeves in it it's also made by the guys who made witcher 3 which is one of my favorite games of all time super excited for cyberpunk people are saying it's 20 hours i actually feel that's a good thing i'm in crypto man like 20 hours is like a lifetime right i can't spend that time to play a video game so anyways that's my two cents i think like if i have like a short compressed fun gaming session that's what i'm looking for for um the next week we got Bernard Macarius's smash the like subscribe all please thank you Bernard thank you you're one of the best moderators on this channel like thank you guys um we got crypto grimaces who else who would be the roger ver of if if needs an antagonist huh huh never thought about that yeah we should have an antagonist in eve i would almost say like um if went through a phase of the ethereum classic phase right so would that be charles hoskinson but he also has his own um ada there so and he's not very vocal we need someone like much more vocal anyways anyways regardless regardless um yeah that's pretty much it we're going to do a lot more looking at different coins uh we'll try to do that more make sure you subscribe you know click that little subscribe button click that little notification bell it really does um we've been doing a lot more of these surprise live streams so it's less on schedule on script and you can get the notification when the video releases so that's uh very great help right there and right away says gavin woods gavin woods but the thing is gavin's building polka dot and polka dot's not bad you know like to be fair like a lot of people including me included i was like what what's the point of polka dot but all right from a design perspective like if people don't think that ethereum can scale like if you're one of those doubters that ethereum can't scale then making your own chain makes sense right i think the way polka dot the way a rational polka dot is that polka dot is a network of people's own chains everyone can build like they basically give you a tool set to build your own chain and because it's built using substrate you can connect that to polka dot right more easily so you can't have to cross chain more easily so i guess that makes sense you make your own custom chain you have it to the specifications that you want and it's secured by the entire polka dot network because it's built on substrate and come kind of transferring coins between there is easier so that doesn't make sense i'm gonna do more co-pocat coverage in the future i like i looked into polka dot very aggressively myself but i haven't made a video because there's like so much to cover there so anyways um in terms of the video lineup we'll try to do more guys subscribe make sure you also comment a little bit about what you guys want to see we'll try to do more videos on that as well and with that guys thank you guys so much for watching today uh sorry about the technical error starting off i'm trying to i'm gonna restart my computer asap and we'll see how it goes but yeah today is not a good day for tech for me but thank you guys so much for watching hope you guys like these plants hopefully they survive and yeah we'll see you next episode at the next episode um the schedule one is going to be on friday so let me fire that up there it's going to be 11 a.m hong kong time um the video is out there for that already let's see that let me see copy this get shareable link um this is the video there uh it's up here already so make sure you click the set reminder if you guys don't know what the time mean for that stream is click the likes for that too um and then we are good um all right we got valcrans is a good question actually there about val val val valcrans says box money do you have any recommendations for staking pools right so what if you don't have 32 ethereum like what if you're not you know you don't want to aggressively like bro 32 ethereum 2 ethereum 2.0 to earn well staker is one of the options so staker allows you from from the guys from anchor staker allows you to do it um so yeah staker guys are doing stake pools so staker why does this come on i want the website i don't want see this is when google fails google fails when there's new um staker google fails when there's new products so anyways all right there we go staker is there so you connect your wallet up you can and then let me connect all this sorry all right connect your wallet up you can start providing i can stake so it's like you can stake any amount of eef right so even if it's a small amount of eef like one eef or two eef or something you can stake more and then once you stake that you'll get let's see i want to stay 0.5 eef you have a staking period and you have the estimated earnings and what you do is you get the a eef to it so you get the um you get a token to represent your stake this you can also so it's kind of like it kind of allows you to stake any amount and then they also have a much more decentralized way to do it because you can be a staking provider too in that case you also have something that's cool as well as um cream cream also allows you to stake um eef 2 and i shared this before with you guys earlier right so cream 2 you allow to kind of stake and you have that much eef and you can stake it but the strategy here is that you can also buy it off the swap um the swap pad right the swatch so let's let's see they'll be wrapped eve too so you get a three percent bonus if you just buy it off the market it wasn't as big as before before it was like around 10 bonus but yeah if you ever want to do the cream method you can go to cream eve 2 uh just swap it swap some cr eve 2 and you get a three percent bonus because some people stake and they realize oh i regret staking and then now i can buy their coins for cheap and we did that earlier last week right um two weeks ago where you get a 10 bonus right um so yeah that was great that was fun oh by the way i promised some um airdrops too you know this is like sharing sharing is caring guys so um this is shared by uh one of the box mining um channels actually not not box my channel it's um get rich or get wrecked um it's it's built around the box mining community i'm um there and it's done by sid and some really cool friend cool people there so 100 give them credit for that um but let me share this with you guys some airdrops so first of all mirror so if you guys haven't picked up the mirror airdrop first this is for anyone who owns um if you own if you own if you own if you own uni swap so if you have uni on your ethereum account then you can get mirror airdrops so it'll show up here so i'll just put the link down here um it's actually not a small amount um let me just double check that here i had an account like you know how i demoed the usage of uniswap on my channel and then i had unclaimed i had i had some uniswap on my account so if you have some uniswap there you can um just claim that mirror and i think i on here i actually sold that mirror yeah so i i claimed the mirror i got 200 mirror and i also sold it on last time yeah i earned roughly 300 something dollars by just doing that um this full disclaimer i take no responsibility if something goes wrong here um you're interacting with smart contracts stuff can do wrong go wrong um you know do your own research but if you hold uni on any of your accounts prior to i think this somewhere this sometime this month they took a snapshot and said you can get some free mirror if you um hold uniswap so anyways that's one of the airdrops we also have the other airdrop which is badger so if you've been doing some uh some stuff let's see badger badger finance um so yeah so just make sure you guys claim your free money guys badger here you can connect your wallet my mouse really does not work today it does not want to work but anyways if you have badger um you can go to hunt and if you um if you've been doing a few things in the past uh for example if you've been minting rent btc or if you've been participating in sushi governance if you've been doing a few different like actions there's a list somewhere you just read the medium but if you've been doing this the the claim will show up here and you'll earn some badger and you get some free coins so magic magic so yeah so hopefully you guys can um get fun airdrops i definitely do not have any warranty on this i don't i'm not gonna support like i'm not gonna help anyone do this it's it's just like it's pure fun all right i'll put it that way but it's actually not bad right if you just hold some like it's the way i rationalize this is if you if you have coins in your wallet and for some reason we have so many airdrops going on in crypto where you just get more and more coins like that's amazing right if you're in crypto and you've been like you know hodling on to some uni swap you get some more mirror coins and whether you want to hodl to mirror coins it doesn't matter but they're free coins right and like 300 of coins that's not bad right that's enough for like a few meals right like not enough for an ipad but like that's not bad it's not bad especially in coronavirus times yeah go badger badger mirror um i think there's some more as well coming up soon so yeah uh stay tuned guys uh i'll share this i mean if you guys like this share um you know uh tell me and uh if you don't you know don't blame me blame other people but anyways guys thank you guys so much for watching so two two airdrops to to check out badger and mirror mirror mirror badger mirror badger i claim both of these already um it's obvious i don't have like i was just like i was so surprised i was like i got back one day i found out there just a clear claim for badger and mirror oh my god free money boom boom boom and you know how i like so many different um you know swap accounts i just went through all of them it wasn't a fun deal or deal but then it was like fun to see which accounts had the claim and i claimed it sold it i wiped my hands off it i'm not sure what these things do but it's free money so that's my two cents i'm sure at some point you know mirror i think mirror is actually doing something cool so i i will at some point look into these coins but hey man free money i'm not gonna complain thank you guys so much for uh this uh great um episode guys we got llama 666 collecting badgers is my new hobby i think some people are like they collected it and they staked it anyways um that was just fun it's free money all right guys thank you guys so much for watching i'm gonna do my outro and we are done i like to 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 much exploring the detail of the newest and latest of what's going on in this whole cryptocurrency space whole idea of it is to bridge that gap between knowledge privileged institutional investors and the rest of us here in this space now with the podcast it's on everything so it's on apple podcast it's on google podcast it's on spotify just search anywhere bitcoin out of the box so just add that onto playlist and i just follow the new episodes when it's released next up we also have the box mining newsletter so this happens roughly bi-weekly we give you an update of the latest that's going on in a very summarized condensed format so this is perfect for anyone that wants an overview of the market say for example what's happening with okx the biggest event or maybe the little things like what's happening with different coins and overall the trend so what i use the newsletter for personally myself is to understand what kind of phase we're in in crypto to kind of get kind of in tune so if you don't read crypto every day the newsletter is perfect for you last but not least in the link down below if you're a telegram user we have the box mining announcements channel so this is to announce you basically what's the the latest videos coming up but also we have a daily update a community driven daily update to provide you an idea of the latest updates on a day and a lot of people have been using that to get informed of the crazy amounts of trends that we see and i have to give a big thank you for claudio our community member for doing this it's just been phenomenal definitely want to give you a shout out there claudio as well for that and taking us to the end of the live stream so make sure number one you click like and subscribe on this video because it really does help this channel and then of course check out the podcast it's one of the best ways to know a little bit more to extend that knowledge especially in your spare time and then of course check out the newsletter if you're um you know if you want those updates and summaries and trends newsletter is the place for you and with that guys thank you so much for watching this video i really hope you have a good one see you in the next video