Let's talk about crypto a little bit, i think a lot of people know uh my stance on on crypto. I've made it pretty abundantly clear uh. I i'm not a crypto guy. The reason that i'm not in crypto is is it's.

It scares me. I think that crypto, especially with influencers, has a really really really bad rap uh and there's no there's no doubt in why it's because influencers scam, people using cryptocurrency coffeezilla, basically uh, goes over nfts and cryptocurrency and talks about how uh different creators and influencers will scam. People uh ice poseidon being one of them jake paul one of them. I mean he goes over a lot of it, and this is a large reason of why i will just not talk about crypto, because i think what it is is is 99 of crypto.

Maybe less maybe 95, it's just it's just a scam. It's a coin! It's a it's! A rug, pull design to steal from people i just ah, i'm just not a fan of most of it, but one percent of it, five percent of it. Whatever it comes out to is decent right, it's gon na be something valuable and i think the most valuable part and don't get this twisted right. What's valuable about cryptocurrency is blockchain, blockchain is not crypto, blockchain is a part of crypto.

Blockchain is phenomenal. Blockchain is great. Great great great technology that can actually be utilized for something right, uh. However, i think a lot of cryptos, i think a lot of it is not very useful, and that brings me over to uh to what i wanted to talk about today.

Uh there's a couple different things that are worth discussing right now. Amc is now accepting cryptocurrency as a form of payment for different things on their website, or you can actually buy gift cards with cryptocurrency. I think it's up to like 200 a day, something like that. People in chat like coffeezilla, that's sick, hell, yeah, hell, yeah, that's sick man.

I watch him all the time. I watch a lot of his stuff. I mean. Actually let me come back and show you you guys can see.

You know i watched quite a few of his videos. I watched the mr beast one. I watched the ice beside him when i watched this one. I actually watched this one a few times.

I watched that i watched this a lot of rhodes, the porn star, i mean: that's, you cannot. You cannot not watch that i mean come on, come on, come on, that's pretty that's pretty interesting. I mean he's good he's solid stuff, but uh amc is now accepting cryptocurrency as a form of payment right now i don't think that's inherently good or bad. Personally myself, i don't dabble in crypto.

So i'm not really going to utilize that optionality, i'm not uh. What would have made me excited about that? More so would be if they were utilizing the payments of crypto to improve value over time uh at least the percentage of it, but they decided they weren't going to be doing that. I remember that i'm talking about it. I'm here and talked about it on an earnings call, he said: uh, i'm not going to be utilizing, we're not going to keep cryptocurrency on our on our books, we're going to end up selling it keeping the cash whatever uh.

So i think it's just. I think it's a way to uh. I don't know, i think they have to evolve that a little bit. I think it's sort of neutral - it's not great, it's not bad it just kind of is what it is.

Well, i don't really see opportunity with amc as if they created their own cryptocurrency. That has inherent value. The problem with a lot of cryptocurrency is: it holds no intrinsic value. What is the value of buying that coin? What do i actually receive from buying that coin? A lot of cryptocurrency the coins, the influencer coins, the this, the that they have no utility.

They don't do anything they have no intrinsic value. So if amc can create a cryptocurrency that has intrinsic value and actually use that for something, i think that's where the value actually lies is creating intrinsic value within that coin, and then selling that coin or at least having that that coin be tradable in some way Shape or form, if they don't do it, if they don't create a coin with intrinsic value, there's no reason to buy it. I think they shouldn't do it. I think they have to do the hard work do take the time actually build something with utility that people are gon na, be able to use and uh get that on the market, but nonetheless that did launch today right, i don't think it's great.

I don't think it's bad. I think some people are honestly over hyping it to be completely honest with you uh, but it is what it is biden just put out: an executive order on cryptocurrencies, here's everything that's in it, so the president, joe biden, you know, we all know who the president Is in case you don't know joe biden is the president of the united states signed an executive order on wednesday calling on the government to examine the risks and benefits of cryptocurrencies, which i am actually very happy about? I think there are a lot of people who are not informed and are not educated, who are getting scammed by crypto on a daily basis. I always look back on squid coin, which literally squid squid games coin whatever i just look at that. I'm like i feel like this was you could have seen that coming, but a lot of people didn't you know they got.

They got rug, pulled pretty damn hard. So that's interesting, to say the least. The measures focus on six key areas: consumer protection, financial stability, illicit activity, u.s competitiveness, financial inclusion, responsible innovation, i think, probably what's actually the most interest of most interest to biden is likely u.s competitiveness and financial inclusion. I think these are two big things that the u.s wants to find a way to monetize, so they can give more money back to the fed and back to the balance sheets.

I mean, let's just be honest here right: the us government and the federal reserve want to find ways to make money on what the the general public is doing and the general public is making money on cryptocurrency in some way shape or form. I mean obviously some people are, you know they want to find a way to make money on that, and i think that's very apparent here, but they also want to look into hopefully consumer protection. That would be. That would be pretty solid to to make happen.

Uh and the administration wants to explore a digital version of the dollar. Now, that's probably the most interesting piece of this entire article is a digital version of the dollar. Now we have actually already kind of transitioned to this. Without actually doing it, i mean, if you think about it, you can buy things on on paypal, venmo, there's a venmo card, there's a paypal card, debit cards, credit cards, how many people actually use cash? Now i mean i really very rarely use cash.

The only time i ever use cash is when i have to pay money to those freaking tolls on the way to okc uh that don't actually end up fixing the roads. I mean you pay these tolls. They say they're going to use them on roads; they don't actually use them on roads and then yeah you just you just feel like you wasted 20 bucks on a trip to okc and back, but nonetheless that's really the only time i use cash. I take out money from an atm for that and everything else is basically just a card.

You know i use a card or i'll venmo or i'll paypal i'll do this i'll? Do that you know. I know some people use cash. App is cash app like a kid thing. Is that, like a am, i just am i at the point now where i'm in a generation that like looks at something and doesn't understand it? Have i reached that pinnacle because i don't understand cash yet i look at cash app and i think to myself like why? Don't you just use paypal? Why don't you use venmo? Maybe i just don't get it that? Could that could very easily be it? I don't know, but i think we're already there.

I feel like this makes sense. I feel like we're going to get to this point uh. I think it's just a matter of time. You know, i said i think about six times there, i'm gon na say one more.

I think i think i think i think i think i think i was like twelve now. Thirteen.