0:00 [Music] welcome back to another awesome episode of the careful boys well we're extremely careful here and we got kunal dudette clearing the scene over here no no hey i heard your nickname was krypto kunal oh wait we told you that i just made that up he's just made up a fact because i know uh you don't have all this we were talking about crypto just before this because you know it's an exciting time for some people in the crypto scene what steve why don't you let us know what's going on look look it's look it's just one of those things where you know you've been writing about something it's been pretty awesome pretty rare and and you know a lot of people to a t though a lot of people thought that maybe you weren't as good as something as maybe you were and then you know now the proof's in the pudding dude like ████ tons of people made ████ tons of money i think i me i mean dude i can't even count the amount of
0:50 millionaires i made on on two hands i'm not kidding so so that's kind of wild to be in this to be sitting here hello oh oh it's it's con artist steve talking wait what did you do damn you made too many people money oh i hate you i hate you so much it's great look it's one of those things where it's awesome because i was i was i really believed in this project specifically for a long time like this whole basically almost a year now just about um it's over it's been over a year since today anyway um but i i got you wearing the hat we're in the hat i've been in this hat forever like slight turn on it too it's like the swag turn yeah like february of last year i got this hat you know i haven't watched it since i don't even worry about it you can tell it's crazy uh but no but but the point is is that like you know when you find something
1:40 you know in crypto especially you're looking for edges in the market something that people don't see yet right so tara luna this whole time that we've been talking about luna and you guys all know we've been talking about like for a long time um it's had a key edge in the market one's called anchor protocol where you can take your money right now and so you have like a savings account right and you're losing seven point what five percent right now to inflation well guess what with terre luna you're getting nineteen point three percent so you're beating inflation damn right and so bank all the interest banking doesn't offer that banking hates you just for having your money sitting there they do they're they're colluding together to make sure that when you put your money into their into your account they you it's immediately gone they use your money to make 10 a year and they don't give you any of it so they cause they ████ hate you hold on these guys sound white these guys down what uh if only they had the same kind of white principles that
2:30 might [Laughter] exploration thank you uh um yeah what was it matt damon says it's like the fortune favors the bold i'm like jesus oh for the crypto.com pisses me off about crypto right now is like everyone's saying like hey you know you know crypto is you go up to vegas i like this guy you go to the roo you go to the roulette table you put down your ████ money we'll see what happens you know unless you didn't do it well my dad did he worked at a gas station all right he died and it's like dude that's not what's going on i'm betting here if you don't know what defy is if you don't know what decentralized finance is you're missing out on what people are getting right now like aprs apys like the amount of of yield that they can get for their money is no longer involved with their bank account so so your financial system is being replicated right now on the
3:20 blockchain you maybe don't know that yet but that's what's going on that's why it's exciting still and all the all these new protocols that are being invented like anchor protocol is super beneficial to a lot of people who are just chilling at home right now going what can i do to make to have my money make me more money right and and you might say steve that's ████ up crypto's volatile i don't know ████ well no no anchor protocol is like you take your money into a stable coin called ust it's the fastest growing stable coin off crypto look it up oh by the way we were talking about the whole ████ time too in my crypto corner so that's all it's just it just feels so good [Music] i don't know i love i love the passion and the energy coming from steve i want to throw a little bit of back that context for our fans no ████ like the reason why we're even talking about this right now is because just before the cameras turned on steve and joe and
4:10 everybody here was talking about like yo we got to like show this thing because we really want to make sure that people especially our fans are are still in tune with the things that we strongly believe in so that they can benefit their own lives this is fully financial advice you could totally sue no this is not financial advice not financially i said the wrong line my bad yeah thank you okay not financially for legal purposes we can never give financial advice ever on this channel but but i will say crypto is a very very relevant topic again especially during the russia ukraine conflict right because like there's a lot of uh i would i think a lot of you guys would agree a lot of weird misinformation going on out there about like you know russia using crypto to evade sanctions and like all this weird ████ and and it randomly throwing buzz into the space but it's also
5:00 pumping the space well yeah because ukraine is also using crypto as a way to get donations i think right now they got over like 17 million over 20 million 20 million okay but that's going fast and they had an ether wallet they had a bitcoin wallet i think they had a one more a usdt i think oh really well they should have a ust wallet yeah they should but then they can put on anchor for 19.3 but that's fine but i think that's the beauty of decentralizing the finances you no longer have a government or entity or small group of people who can control the money supply so like yes it can be used by maybe tyrannical governments but it can also be used by people who don't have access because their banks aren't open and they need the help and people
5:50 talking about russia is using crypto to pay for the war dude they're they you have to amass a certain war chest to pay for a war they're using oil money the whole reason why they could pay for this war is because the price of oil is a goddamn nut like ████ and guess what we're still buying their oil do we have to because we we cut domestics of the world right damn right germany's doing something germany's main gas supply is russia and even though they're made a member of the un and nato they europe is dependent on russian oil so guess who's helping pay for the war europe buying russian oil that's the whole ████ game so that's what that's what drives me nuts about all this stuff too is people just look at the interim so like oh they just froze all these russian accounts now russia's maybe going into crypto cool they still can't pay for ████ with it that way yeah you're talking about what they can you do a tornado cache like exit which is like and if they're using
6:41 crypto they're literally putting it on a public ledger exactly you can track everything like why would you do that if you're trying to ████ and that whole ████ about like oh it's only being used by drug dealers and whatever that's old like they're not that's still there no who says that anymore they're not saying that ████ anymore it's not like they go into drug dens and they find ledger nano asses bro they find ████ wads of cash you want to be finding my ████ nano s is a cold wallet where you store your crypto just in case you don't know thank you but aside from all the like political and you know you can also find that on amazon so if you can buy ledgers on amazon yeah that's right amazon is an ecommerce just so you know if you if you do do that make sure the box is not tampered with and make sure that you factory reset the device before you use it because oh huge scam on amazon where
7:33 people are are taking your ledger and they will actually set it up and then they'll give you this populated um seed address and like hey this is this is your seat address you're all good and then you onboard money into that ledger and then they it's gone and then so long shivan has nothing to do with this steel it has nothing to do with the firmware or anything like that going on with ledger it has everything to do with it was tampered with before you got it you know why i think crypto gets a bad rep though i mean stocks gets a bad rep there's people today that still feel like stocks are a bunch of scams yeah right but like okay so so i know right it's a ████ hundreds of years old or whatever but like so when you look at crypto uh anything that is like currently growing currently kind of beta stage currently like booming right there's a lot of testing going on but also it
8:24 attracts a lot anything that attracts a lot of money also attracts a lot of con artists that want fast money because there's just a lot of greed going on in it right same thing happened during the dot-com bubble same thing happens to every kind of bubble so like the thing is when people just make this blanket statement go crypto is a scam like you're really selling yourself short you're just writing off an entire industry that you don't know anything about because you're afraid of it because you heard some story that one person has like it or even a couple people have right but i've never been i mean i'm not inviting anybody to ████ with me but i but look i've been very careful with the way though with the way that i do crypto transactions because i'm aware of how the scams can work and how you can get like exploited so i got scammed you did what happened uh you met a girl on whatsapp yeah damn
9:15 ████ said hey wrong number five std um no i uh when i started getting when i first got into like defy stuff um i uh it was it was like a it was a new um a new crypto that was like being offered or whatever but then it was a fake um uh what's it called url uh fake um on uniswap like a fake coin or it was it was just degenerate it was on decks tools right and dextools uh is like kind of sketchy sometimes because people can kind of upload any shows union swap yeah it's the same ████ yeah that stands for decentralized exchange and so it was it was just the wrong one it was a fake one and so all these people put money into it right away and it just immediately after a couple hours it just
10:05 was locked and so all of our money mean albaro did this we woke up like early too it was like 6 a.m we're like oh it's it's going to be public at 6 a.m and we woke up early and we're like got it and it was it was the wrong one and so our our money is just lost but it's like you know but then that's just going to be a tax write-off so whatever you know oh wow you can write you're going to write scams off as a tax riser loss that's cool a loss is a loss dude well it's called tax loss harvesting i mean you can um you can write down a lot of the things that that you sold at a loss potentially and then you lock it in you can report it there and again i think that uh again just for the sake of everybody who's watching i think this is a really really important conversation to have during this time because we've just seen a lot of updates i know we've been like showing things like luna and crypto and stuff like that over over a year now you know what i'm saying steve's been doing a great job just like even educating people like myself
10:55 getting into the space and there's been amazing games i'm not gonna lie s███'s been pretty sick oh yeah at the same time we happen to be living in a you know very turbulent time frame when we're looking at things that he's been bringing up like uh like canada right like like things like gofundme where you're looking at assets um being categorized as terrorism very patriot act like you know what i mean yeah the guise of terrorism some central authority or dictator type of authority can choose to just freeze money like the idea today's video is brought to you by off start if you got multiple credit card balances each month and are getting by just by paying the minimums barely making a debt into your credit card debt it could be pretty dang discouraging upstart can help you pay off your existing debt so you can feel like you're finally getting
11:46 ahead whether you're paying off credit cards consolidating high interest debt or funding personal expenses over half a million people have used upstart to get one fixed monthly payment upstart knows that you're more than just your credit score and is expanding access to affordable credit unlike other lenders upstart considers your income and current employment to find you a smarter rate for your loan with a five minute rate check you can see your rate up front for loans from one thousand all the way up to fifty thousand dollars wow and receive your funds as fast as one business day after accepting your loan find out how upstart can lower your monthly payments today when you go to upstart.com off the record that's upstart.com off the record don't forget to use our url
12:37 to let them know we sent you loan amounts will be determined based on your credit income and certain other information provided in your loan application go to upstart.com off the record to me it's like regardless of how you feel about politics right i feel that in a in a modern western nation right we're taught these like independent freedoms and rights and of private ownership and whatever right and so imagine if the truckers if if they did what they did to the truckers to the blm movement would they be treated the same way from the public like the truckers got their accounts seized they found out who individually was protesting and then they were like basically going into their private banking all this stuff they they uh they seized their gofundme account did it they didn't disperse it
13:27 to the activists and whatever i'm like what if that happened to the blm movement there's a double standard here going i don't know and i think politically we'll find out because it's you're right but there's also another thing going on too where when blm was going on big time like it was during the crypto bear market a lot of faith was out of the crypto market unfortunately that was when you're supposed to be buying the most in my opinion but but you know now that we're here yeah we'll see how it goes like going forward what if another blm movement pops up and then there's a gofundme or whatever and what if the sitting president at the time goes nope i'm gonna block that we'll see how it goes that that might happen yeah i don't know but it's just to me i just don't like it how uh there's a double standard in the government where they're like oh yeah you guys are terrorists now so let me just freeze your accounts but they're citizens they're not terrorists by the way how could how much worse
14:17 could it get for usd right now okay you're talking about you could hey at any time you want to hold usd that's awesome but guess what we might be able to freeze your account at any time just so you know even if you're international we could freeze your account so that that's what and then you know you might come in come at me with like hey metamask just froze some accounts today but actually what they what happened was it was the end point is where they were able to freeze metamask is an ethereum wallet where you can um and actually transactions with a bunch of stuff like cosmos and a bunch of different blockchains but the idea is that like you you have like a little hot wallet right and you can use it to transact on whatever blockchain you choose to use like bnb or any other stuff but the end point when you when it's time to cash out the endpoint is what froze um certain people from being able to cash out going into a bank account exactly so so that's it wasn't necessarily metamask doing that it was the um endpoint
15:09 application that they use that froze it and so that's a different conversation but crypto's not supposed to behave like that you're supposed to be able to have your crypto on the stored on the blockchain that means not using a centralized exchange not using a coinbase not using gemini any of that stuff you're supposed to put this stuff like maybe on a ledger or on um you know any of those device there's a couple of devices right that are out there but you can store it on the blockchain yourself and therefore you control it because if it's not in your wallet with your keys you don't truly control your crypto and so that's the fear that people have yeah and i want to bring back to light something that you had just brought up the idea of like you know uh especially with us dollars banks and stuff like that like we're living in a time frame where the idea that a governing authority can freeze your money and make it so you don't want to access it like that's already very like
15:59 crazy that's crazy because we're not ████ like criminal drug dealers exactly but then you're guilty to prove an incident now there's like a more macro thing that like you know especially for like what gives me a foundation of uh i guess projective belief and understanding it comes down to like everything around it's not just crypto right it's like we're living in a time where like somebody can freeze your assets we're also living uh you know in a post generation where it's like after things like 9 11 and the patriot act it's like again under the guise of terrorism like our privacies are stripped and like our constitutional amendments have already been like kind of uh in some subjective ways and the things that we're okay with are are different hey if you want to take a terrorist to gitmo go for it i don't care if they have constitutional rights it's all ████ you add that to like even like imagine if everybody is driving like electronic over wi-fi cars in the future and then the government has the ability to like stop your car
16:51 totalitarian control is something that it's going that direction if people don't in essence wake up and realize that like that's kind of like no it's a chip it's a chipping away thing right so like when when i remember when the whole mask and the mandates and things came out anyone who spoke out against it they're just like well that's a slippery slope like it's not totalitarianism i'm like no no it's like it's it's basically moving inch by inch and before you know it oh where did your rights go and it's because if you don't this is the whole democratic process is we have to question constantly establishment and we have to have a conversation we have to pressure our representatives to represent us not corporations not to have a you know little old boys but good luck we can't afford that right because they only work for what big money you know special interest groups but then
17:43 the thing is like all other we're we're getting pushback from other citizens when everyone is trying to have a conversation to get accountability from our leaders yeah fight each other not your leaders right and then and then but people are like well you should shut the ████ up and just obey because you're causing a ruckus and i'm like but this is the process that we're supposed to be doing out here like this is what we're taught we're supposed to debate we're supposed to talk this out see what people want we're supposed to vote it out not just shut down somebody because it's like i don't agree with you and i don't know how it got here it blows my mind but then also i think when it comes to the concept of defined money it's like the same concept it's like we need something away from the reaches of control uh governments in my opinion shouldn't
18:33 control money because it's something that is uh yours and if you believe in private ownership it's something that you should be able to freely trade with another individual but that's just my take on it and if people want to argue that i'm like okay let's go at it instead of just saying shut the ████ up you know like i think that's the that's the biggest disservice that's happening right now yeah in our like modern time is just so many people just want to tell others just shut up about this and just follow look when nancy pelosi and mike pence can fist bump on the senate floor but you can't fist bump with your neighbor because they they don't want to even have a conversation with you that's the joke is that they're playing yeah all everybody into a frenzy making sure that we don't talk to each other ever but then the leadership gets to go hang out have cocktail parties and nobody gives a ████ which which i think just to kind of tie it all together is an important uh
19:24 element to why we're even having this conversation of decentralized versus centralized i think that's a huge thing that so many of like the normies and so they don't actually fully understand but that's that's the theme that's the theme of everything that's going on that's decentralized finance yeah the underwritten element of every problem that's happening that's involved with that space which is also why we go back to things like tara luna because it's such a a successful and important decentralized entity we're about to take ripple by the way we're about to take ripple down right now we passed cardano cardano's a piece of ████ anyway i've been talking about cardona being pizza ████ forever we're about to pass ripple ████ unbelievable when it comes to crypto i think there's so many i guess uh ways to look at it right like we're really focusing on our belief of
20:16 this new form of uh the concept of money and decentralizing financing and like our belief of the future of how this is going to be utilized within the community now there's that you know um i guess philosophy behind it that the the maybe even moral aspect of it but then there's also the investment benefits of it because fiat which is us dollars government money all this stuff right the way that it's structured is um it's kind of devalued over time because when you have a a central bank that prints money it devalues your money and this is why you hear from old folks oh back in my day i used to be able to get a cup of coffee for 10 cents right inflation inflation because they keep printing
21:07 money and that's what took down the roman empire a lot of big governments they keep overspending and they keep over printing and um because they're overconfident it's because they're overcome overconfident they think their empire's too big to fail but do you want these guys to be in charge of your future and you're going to be working hard you're going to be saving up money you're going to be putting this into you know your safe investments and whatever but over time you're gonna lose the value of all the years and hours you worked for because these you know idiots ████ it for you and so for me i'm like i don't want them to have that power i rather put it in something else where i control it or the community controls it and the value stays very strong for that reason and so when you pick a good coin that
21:57 you see the great fundamentals behind it takes a little bit of time to study this and all that stuff but when you choose a good one what ends up happening is it skyrockets in price because people are what's called like they're hedging their money saying that if i believe you know again this is going to go down in value because they're over printing this then i need to put it in something that's going to go up in value so i'm not losing my money and that's why people invest in real estate that's why some people believe in buying gold that's why some people are like getting things that that are called assets or things of value and crypto is now one of them because it's holding the value because the us dollar is going down from all the printing that they and listen people might say like hey thanks steve all this stuff it's very like it's all very nice i'd love to hear it but but but the point that i'm trying to make is that you should arm yourself with the
22:47 knowledge that when you go home like you go to you go to thanksgiving you go to christmas you go at a birthday party whatever you're at with a bunch of people who don't know about this stuff and they're telling you how stupid you are because you bought it you can arm yourself knowing enough about this stuff to say nah that's not why no that's not what's going on you don't understand what i'm doing actually you think you do you think you're an expert at this stuff but you don't know what's going on with this stuff and because you can defend it is why you are in the winning circle right now that's why you won and they lost that's why you won and most people who were buying ████ ripple or cardano or any of this stuff but and it's all fine but the token supplies are goddamn nuts bro they're like ████ it's just uh it's but it's complicated man they don't know what market cap is i know but what edge could they have but no dude knowing that like since last year we're talking about things like
23:38 anchor protocol bro you were up with me at three in the morning we're getting anchor protocol like the ████ initial coin offering for that came right to our wallets and that same night it the thing what we went down like 60 i think right but but if you if you look at what it was that we were trying to do right which was the plan we're like okay we're gonna try to go in here it's gonna be it's like it's going for like five cents each at launch if we can just get in there before it rides up maybe we can get like a little 10x out of it we can ████ instant sell and like you know we're just in line i think you got kind of wrecked on that one a little bit i think well mostly moving money around mostly moving money around but that happens in crypto right so it's like just being transparent about the game right but i paid for my lessons and i won big baby but see that's that's right i think that's one of the biggest things that's deterring like mass adoption still right now right
24:28 because a centralized exchange is still it's fairly safe yeah i mean you can use coinbase and be pretty chill like i i had i bought some bitcoin like five years ago and forgot about it and i was and last year i was like oh ████ i got a lot of bitcoin a decent amount i have like anyways um but like defy is still it's still a much riskier investment it's it's it's it's it's way riskier than putting your money in chase bank because your money in chase bank is fdic insured and you're not you're not getting any interest off of it but if someone steals your debit card and charges uh ten thousand dollars on your thing they're going to give your your money back yeah you're gonna get it back okay that's true if you get scammed on defy on is there's a million it depends because fd fdic insurance just came to anchor protocol actually so there's a bunch going on with this stuff that
25:18 people aren't aware of but that's the utility they talk about right damn right that's that's being an early adopter right yeah it's all like it's about being early if you're if you're early because eventually this stuff is going to catch on um you got to pick the right i guess it's it's like value investing like what warren buffett said like you try to pick out the great companies that are priced really low right now and they're going to get better but that takes time and research and understanding but all all i'm saying is that not financial advice but what steve did say tara luna early on because he did all that homework for you guys and um he made me some hefty hefty cash you know hey no but seriously congrats to you guys because like it takes a lot to stay in the game the game is not easy the game is constant work and yeah it's growing okay yeah there is there is when he would first start when we got in though uh i i told you yo i'm this is this is at least a five-year game for me
26:10 so i've seen the swings i've seen dude my my swings are like from seeing it to close to one mil drop in a 10 grand and those numbers will make anybody off themselves but for me i was like party on dude i got three more years to go to see the numbers go and um i'm sitting at seven figs baby hey good job brother yeah oh yeah okay and i'm still homeless so what's up and by the way that was in 10 months which is unbelievable but i guess you could still say the same about stock market right if you just started investing in the stock market and you don't know ████ you could probably lose a lot of money you got to you got it's going to take a long time to learn how to really play the game yeah but i always say like you gotta you gotta play big to win big you know that that you gotta work or do what i did i think i put like
27:00 eighteen thousand dollars in total and i'm over seven figs so so that's but that's from research that's from research that's from just saying i'll do it twice let's go check baby let's go let's go [Music]
// end of tape