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[00:000.0 - 00:002.3] there's even a little sign that says it.
[00:003.2 - 00:006.6] Yep, live and direct, as some might say.
[00:006.6 - 00:011.6] After a long wait in the waiting room for all the people.
[00:012.7 - 00:013.5] It's not my fault.
[00:013.5 - 00:014.7] Yeah, sorry about the wait.
[00:014.7 - 00:016.5] It's not my fault.
[00:016.5 - 00:019.4] I'm putting the blame on Cal.
[00:019.4 - 00:020.9] I'll take the blame, I'll take the blame.
[00:020.9 - 00:024.9] We were pre-show chattering for quite a while.
[00:024.9 - 00:026.3] Just because we were talking real estate
[00:026.3 - 00:027.7] doesn't mean it was my fault.
[00:028.1 - 00:032.7] We'll have to start a separate real estate podcast.
[00:032.7 - 00:036.3] Right, separate, pre-game real estate podcast.
[00:036.3 - 00:038.2] So I just, yeah, well now they just said
[00:038.2 - 00:039.5] happy last AMA of the year.
[00:039.5 - 00:042.1] I just totally forgot that that is the case.
[00:042.1 - 00:044.2] It is December 30th, the year,
[00:044.2 - 00:046.6] which I don't even know how 2025 is over already.
[00:046.6 - 00:048.2] This sucks, I'm getting old.
[00:050.0 - 00:051.2] It needs to slow down.
[00:051.2 - 00:053.2] I don't like, I'm good.
[00:053.2 - 00:055.2] As long as I'm not 50, I'm not old.
[00:055.2 - 00:058.7] And now I'm gonna be two years away, it's not cool.
[01:000.1 - 01:002.5] Dude, I just had my birthday last week.
[01:002.5 - 01:004.1] I'm feeling very old.
[01:005.1 - 01:006.6] I know you're gonna hate me for my age.
[01:006.6 - 01:008.7] That's right, man, you're in your late 20s now.
[01:008.7 - 01:011.5] You're gonna be 30 before you know it, scary times.
[01:011.5 - 01:014.3] I'm almost 30 and it feels like, fuck.
[01:014.3 - 01:016.9] Feels like I'm running out of time.
[01:016.9 - 01:018.3] That's hilarious.
[01:019.1 - 01:019.9] Oh, God.
[01:019.9 - 01:024.9] Yep, well, you're doing pretty all right for 20 years.
[01:025.2 - 01:026.3] I'm 28.
[01:026.3 - 01:028.4] When I was, I'm thinking about when I was 28,
[01:028.4 - 01:029.9] what was I doing?
[01:029.9 - 01:032.2] Actually, that's when I actually took my first,
[01:032.2 - 01:034.7] well, not really my first, my second big swing.
[01:034.7 - 01:039.2] That was right when I left my corporate job
[01:039.2 - 01:041.1] that I had moved down to Florida for.
[01:041.1 - 01:044.4] I left that and went full-time as a day trader
[01:045.9 - 01:049.5] and was broke a little, like a year and a half later.
[01:049.5 - 01:051.6] Because you have to learn how to,
[01:051.6 - 01:053.3] you have to learn how to not lose money first
[01:053.3 - 01:054.5] when it comes to day trading.
[01:055.5 - 01:057.3] So I did that.
[01:057.3 - 01:059.5] So eventually I learned how to make money,
[01:059.5 - 02:001.3] but I never learned how to make big money.
[02:001.3 - 02:004.4] Although the markets now,
[02:004.4 - 02:007.5] I think I would have had much better results
[02:007.5 - 02:009.4] because the last five years,
[02:009.4 - 02:012.1] all you do is just blindly buy the dip and you're right,
[02:012.1 - 02:016.1] because the market never has somehow a second leg down
[02:016.1 - 02:017.3] in five years.
[02:017.3 - 02:018.9] It's the most insane thing I've ever seen.
[02:018.9 - 02:022.4] I was talking to my veteran stock trading buddy about it,
[02:022.5 - 02:026.0] and he was like,
[02:026.0 - 02:029.5] yeah, it's scary actually,
[02:029.5 - 02:031.1] because at some point the tide's gonna turn,
[02:031.1 - 02:033.2] he's like, and a lot of people are gonna get wrecked.
[02:033.2 - 02:034.3] He's like, because we've been spoiled
[02:034.3 - 02:035.5] for like five years now.
[02:038.9 - 02:039.8] But-
[02:039.8 - 02:041.7] Yeah, I mean, I posted a tweet actually,
[02:041.7 - 02:044.3] and I said, because there's been just a lot
[02:044.3 - 02:046.4] of like market manipulation talks.
[02:048.1 - 02:050.7] And I posted a tweet that what I've kind of learned,
[02:050.7 - 02:052.1] and maybe it's just the market environment,
[02:052.9 - 02:055.8] or maybe things will stay like this.
[02:055.8 - 02:059.3] But, and I think historically,
[02:059.3 - 03:001.8] this might be a fun thing to throw into like chat you could
[03:001.8 - 03:003.8] see or something to do a little research paper on,
[03:003.8 - 03:007.7] but historically, like for the last probably 100 years,
[03:007.7 - 03:010.8] if you as a retail investor,
[03:010.8 - 03:015.1] just dollar cost averaged and found like a few things
[03:015.1 - 03:017.4] that you know well and believe in,
[03:017.4 - 03:019.3] for me, that would have been like,
[03:019.3 - 03:023.3] Tesla, Bitcoin, Amazon,
[03:023.3 - 03:025.5] it was like a handful of things, Apple.
[03:027.2 - 03:031.6] And if I would have just dollar cost averaged those things
[03:031.6 - 03:034.9] and did nothing else, and just held onto them,
[03:034.9 - 03:038.3] and just kept going, focused on, you know,
[03:038.3 - 03:041.3] the day job, so to speak, in terms of how you make money,
[03:041.3 - 03:043.2] and then take whatever extra money you have
[03:043.2 - 03:045.0] and just dollar cost average,
[03:045.0 - 03:047.3] you would perform stupendously well.
[03:047.3 - 03:049.1] I mean, and you would have done very well,
[03:049.9 - 03:050.7] even if you just bought the market.
[03:050.7 - 03:055.2] So even if you just dollar cost averaged directly
[03:055.2 - 03:056.9] into the market, you know,
[03:056.9 - 04:000.6] you would have done marvelously from all of that.
[04:000.6 - 04:002.7] Yeah, that is like the way to win, in my opinion,
[04:002.7 - 04:005.2] as a retail, there's no better way to win
[04:005.2 - 04:007.7] than just dollar cost average high conviction assets
[04:007.7 - 04:009.3] and do it for a long period of time.
[04:009.3 - 04:010.7] And especially the last five years,
[04:010.7 - 04:012.3] and it doesn't even matter, like pick your asset,
[04:012.3 - 04:014.4] you were right, it doesn't matter, gold, silver,
[04:014.4 - 04:016.3] real estate, stocks, crypto,
[04:016.4 - 04:019.1] like if you did Bitcoin, you crushed it.
[04:019.1 - 04:020.5] If you did real estate, you crushed it.
[04:020.5 - 04:022.9] If you did gold, you crushed it, like,
[04:022.9 - 04:025.4] and that makes sense because in 2020,
[04:025.4 - 04:026.6] the government printed, you know,
[04:026.6 - 04:028.5] a third of all dollars ever created.
[04:028.5 - 04:030.9] So what does that do?
[04:030.9 - 04:032.5] Makes number go up.
[04:032.5 - 04:034.9] You know, I was too busy being a fundamentalist hater,
[04:034.9 - 04:036.3] like saying like, you guys are idiots,
[04:036.3 - 04:037.3] you're gonna cause inflation,
[04:037.3 - 04:038.5] this isn't gonna be good for people,
[04:038.5 - 04:040.7] which, you know, for people that don't own assets,
[04:040.7 - 04:044.6] it wasn't good for them, like their costs increased,
[04:044.6 - 04:046.3] their income barely moved.
[04:046.3 - 04:048.3] I mean, people that were living the paycheck to paycheck
[04:048.3 - 04:050.1] are struggling more than ever.
[04:050.1 - 04:052.9] But if you owned assets, like your wealth,
[04:052.9 - 04:057.2] you know, your net worth just went up and up and up.
[04:057.2 - 04:059.1] So yeah, same thing.
[04:059.1 - 05:003.2] I wish I would have just put on an auto buy on Bitcoin
[05:003.2 - 05:006.3] and an auto buy on some tech stocks and then didn't look.
[05:008.1 - 05:009.3] But you know, it is what it is.
[05:009.3 - 05:013.0] I mean, thankfully I own crypto and real estate anyway.
[05:013.0 - 05:015.5] So I did, you know, benefit from it, but yeah,
[05:015.5 - 05:020.5] not nearly to the extent that was available, so.
[05:021.2 - 05:026.2] Yeah, I mean, it's, if you did that, you did really well.
[05:028.5 - 05:033.5] And I mean, that's how I've done just personal experience.
[05:033.5 - 05:035.5] Pretty much 90% of my investment gains
[05:035.5 - 05:036.9] have come from doing that.
[05:036.9 - 05:039.1] Like I did it with Bitcoin, I did it with Ethereum,
[05:039.1 - 05:041.6] I did it with Tesla, I still do it with Tesla.
[05:041.6 - 05:042.7] Nice.
[05:043.3 - 05:045.4] I still have this, you know, weekly buy on Tesla
[05:045.4 - 05:047.9] that I've just never turned off.
[05:047.9 - 05:048.9] That's awesome.
[05:048.9 - 05:050.8] Yeah, and it's just, you know,
[05:050.8 - 05:052.5] obviously at this price point,
[05:052.5 - 05:054.1] every single buy has been profitable,
[05:054.1 - 05:057.3] but you know, there were definitely ups and downs of that.
[05:057.3 - 05:058.1] And I just never looked.
[05:058.1 - 06:000.3] I just said, here's my auto buy.
[06:000.3 - 06:001.6] You know, it's for a specific amount
[06:001.6 - 06:003.1] and I just left it like that.
[06:003.1 - 06:008.1] And it's, I think overall up like 150%, something like that.
[06:008.3 - 06:009.1] Something like that.
[06:009.1 - 06:011.4] That's why those mantras exist.
[06:011.4 - 06:014.7] Like it's, you know, it's not timing the market,
[06:014.7 - 06:016.4] it's time in the market.
[06:016.4 - 06:017.3] Yeah.
[06:017.3 - 06:018.7] Which I'm the guiltiest of,
[06:018.7 - 06:020.7] because I'm always trying to time the market
[06:020.7 - 06:022.3] because I think like, oh, I can read charts
[06:022.3 - 06:023.6] and I can do this and do that.
[06:023.6 - 06:025.9] And so that's why I've never dollar cost or Bitcoin.
[06:025.9 - 06:028.8] I was just trying to buy myself on big dips and whatnot.
[06:028.8 - 06:031.5] And it's like, if I look at it, probably ends up,
[06:031.5 - 06:033.7] even if I'm right, it probably averages out
[06:033.7 - 06:036.5] to being the same price overall
[06:036.5 - 06:038.6] had I just dollar cost averaged.
[06:038.6 - 06:039.9] Yeah.
[06:039.9 - 06:041.5] Except for I wouldn't have missed opportunity
[06:041.5 - 06:043.5] because there's been plenty of times where like,
[06:043.5 - 06:045.6] I was traveling or I wasn't looking or whatever it was.
[06:045.6 - 06:047.9] And, you know, I missed that opportunity
[06:047.9 - 06:050.4] because I'm not using limit orders
[06:050.4 - 06:052.5] because it's like, I'm not doing it on like Coinbase
[06:052.5 - 06:055.3] and stuff, you know, I'm doing it on DeFi sites.
[06:055.3 - 06:056.1] Right.
[06:057.3 - 06:059.1] I want to give some shout outs
[06:059.1 - 07:000.7] because it's the end of the year
[07:000.7 - 07:003.7] and there's some familiar names
[07:003.7 - 07:006.4] and some people that aren't as active as they used to be,
[07:007.2 - 07:008.1] but they're still around.
[07:008.1 - 07:011.1] So Nifty said, hello, said, happy new year.
[07:011.1 - 07:014.4] It's like, I may not be as active, but I'm watching.
[07:014.4 - 07:015.3] I like it.
[07:015.3 - 07:016.7] He's building a business.
[07:016.7 - 07:019.9] I don't know if you've seen his Amazon store.
[07:019.9 - 07:023.5] Oh yeah, no, we talked about Amazon for a while
[07:023.5 - 07:025.9] because I finally officially,
[07:025.9 - 07:027.7] well actually I have to check that they closed it.
[07:027.7 - 07:031.3] I finally completely officially closed my Amazon store.
[07:031.3 - 07:034.0] But at one point I was talking to him about it
[07:034.0 - 07:037.5] and seeing if there was anything we could potentially do.
[07:037.5 - 07:039.6] But yeah, I know he's been working on that
[07:039.6 - 07:042.1] and building that out, which I mean, you can make money
[07:042.1 - 07:043.7] if you're willing to, you know, do the hustle
[07:043.7 - 07:047.0] and put in the time and treat it like a business, you know.
[07:048.3 - 07:049.7] There's money to be made.
[07:049.7 - 07:052.5] So I'm glad to hear that it's growing.
[07:053.6 - 07:055.9] Yeah, it looks like he's killing it.
[07:055.9 - 07:057.1] Nice, nice.
[07:059.4 - 08:002.3] I guess Anderson Ho had to go
[08:002.3 - 08:005.5] because it says, damn, gonna miss another live AMA.
[08:005.5 - 08:007.6] He said it was dinnertime.
[08:007.6 - 08:009.7] He was, you're around for the waiting room.
[08:009.7 - 08:010.6] You're welcome.
[08:010.6 - 08:012.5] Yeah, the silent waiting room.
[08:012.5 - 08:014.9] We need, Cal's gotta figure out a way to set up
[08:014.9 - 08:017.5] some like waiting room music.
[08:017.5 - 08:018.5] Yeah.
[08:018.5 - 08:020.0] We'll set it up for like,
[08:020.0 - 08:022.0] we'll put on like the yacht rock station.
[08:024.0 - 08:024.9] You're welcome.
[08:027.5 - 08:028.3] That's right.
[08:028.3 - 08:031.7] Yeah, we just gotta start recording our pre-show chat,
[08:032.0 - 08:033.6] but then be able to bleep stuff out.
[08:033.6 - 08:034.5] There you go.
[08:036.0 - 08:037.5] Yeah, I mean, we did talk about Rune,
[08:037.5 - 08:040.6] so that would have been good for a regular show.
[08:040.6 - 08:043.8] But at the same time, like, you know,
[08:043.8 - 08:047.8] I look at the AMA as a official slash unofficial podcast.
[08:050.4 - 08:051.4] Yeah, it is.
[08:051.4 - 08:053.0] Well, and it's important.
[08:053.0 - 08:055.1] Like I know sometimes, especially like Taskmaster
[08:055.1 - 08:057.7] gives us shit for talking about non-Leo things.
[08:058.9 - 09:000.9] We gotta remember, this is like the one podcast a week
[09:000.9 - 09:002.5] where we talk about everything.
[09:002.5 - 09:006.7] So getting non-Leo clips actually helps Leo
[09:006.7 - 09:009.5] because then we clip them and then post them on YouTube.
[09:009.5 - 09:011.2] And when we talk about things like Rune
[09:011.2 - 09:013.6] or Zcash or something, you know,
[09:013.6 - 09:015.8] we get a lot more viewership than when we talk about Leo
[09:015.8 - 09:020.8] because most people don't like the Leo talk,
[09:022.8 - 09:024.4] or at least they don't care about it
[09:024.4 - 09:026.4] because they're not interested.
[09:026.4 - 09:029.3] Yeah, if they're not in the Leo ecosystem yet, right?
[09:029.3 - 09:031.8] So it's like, you gotta bring them in.
[09:031.8 - 09:032.6] Gotta give the people-
[09:032.6 - 09:033.8] It's good to have them all.
[09:033.8 - 09:035.6] Yeah, exactly.
[09:035.6 - 09:037.8] You know, when I started the other day was,
[09:039.0 - 09:041.6] but I got like 20 minutes in, I gotta circle back
[09:041.6 - 09:043.0] because I always just start things
[09:043.0 - 09:046.1] and then I run out of time.
[09:046.1 - 09:047.8] But I started watching Step Brothers
[09:047.8 - 09:049.9] for the first time the other day.
[09:049.9 - 09:052.0] I was like 20 minutes in and I was like, shit.
[09:052.0 - 09:052.9] And then I stopped watching,
[09:052.9 - 09:057.3] but I'm gonna finish it this week, that's my goal.
[09:057.3 - 09:059.9] I know that's a classic.
[09:059.9 - 10:001.6] A lot of people love quoting it.
[10:001.6 - 10:004.7] I surprisingly, I hated that movie.
[10:004.7 - 10:007.6] I don't know why, I just did not.
[10:007.6 - 10:011.5] It wasn't, I guess I'm more of a old school,
[10:011.5 - 10:015.6] like a Happy Gilmore movie fan.
[10:015.6 - 10:016.4] Like Step Brothers just-
[10:016.4 - 10:017.2] You love Happy Gilmore.
[10:017.2 - 10:018.7] Even when it comes to, I do,
[10:018.7 - 10:020.1] I actually watched it the other day
[10:020.1 - 10:021.4] for the first time in years.
[10:022.9 - 10:025.4] I did, what's funny though,
[10:025.4 - 10:027.3] is that I love Talladega Nights though,
[10:027.3 - 10:030.0] which is with the same two actors,
[10:030.0 - 10:034.7] and just as dumb, but that one I liked and I quote,
[10:034.7 - 10:035.8] but yeah, Step Brothers,
[10:035.8 - 10:039.0] I just, it was dumb and annoying to me for some reason.
[10:039.0 - 10:039.8] So-
[10:039.8 - 10:041.5] You're not first, you're last.
[10:041.5 - 10:043.8] Yeah, you're not first, you're last.
[10:043.8 - 10:044.8] Shake and bake.
[10:047.8 - 10:052.4] I actually saw a question that just goes to show you
[10:052.4 - 10:056.6] how little I'm actually paying attention day-to-day,
[10:057.5 - 10:059.4] because I'm like, wait, is that a thing?
[10:059.4 - 11:001.0] Where'd the question go?
[11:001.0 - 11:003.6] Buh, buh, buh, buh, buh, buh, buh, buh.
[11:003.6 - 11:005.3] I don't know which one you're gonna ask.
[11:005.3 - 11:006.2] Do you?
[11:006.2 - 11:007.4] I bet you don't.
[11:007.4 - 11:008.7] Maybe you do.
[11:008.7 - 11:010.1] Where the hell did it go?
[11:010.1 - 11:012.0] Is it about Leo Kitt?
[11:012.0 - 11:013.4] Hold on, what's up?
[11:013.4 - 11:014.8] It's not about Leo Kitt.
[11:014.8 - 11:015.8] Oh, okay.
[11:015.8 - 11:017.4] No, I know we're gonna talk about that.
[11:017.4 - 11:018.3] So,
[11:018.4 - 11:021.0] uh, buh, buh, buh, buh, buh, buh.
[11:021.0 - 11:022.3] Ben Haas, I disagree.
[11:022.3 - 11:024.0] All of Farrell's movies are not great.
[11:024.0 - 11:026.3] Blades of Glory was awesome.
[11:026.3 - 11:027.6] Talladega Nights was awesome.
[11:027.6 - 11:028.4] I don't know why.
[11:028.4 - 11:029.7] Like Anchorman.
[11:029.7 - 11:031.4] That's why, Step Brothers is like Anchorman.
[11:031.4 - 11:032.5] I hated Anchorman too.
[11:032.5 - 11:033.3] I don't know why.
[11:033.3 - 11:034.2] I know everyone loves him,
[11:034.2 - 11:036.6] but they just, he annoys me in those.
[11:037.8 - 11:039.4] But I'll watch the other two all day long.
[11:039.4 - 11:040.7] Hell, I'll even watch Elf.
[11:042.5 - 11:043.4] I saw that for the first time when I was-
[11:043.4 - 11:044.2] Here we go.
[11:044.2 - 11:045.0] I found the question.
[11:045.0 - 11:046.4] Ironically, it was from Ben Haas.
[11:046.5 - 11:051.0] He said, what's the state of the staking contract,
[11:051.0 - 11:053.0] of the Leo staking contract?
[11:053.0 - 11:056.3] I don't, like, I'm assuming what?
[11:056.3 - 11:058.0] We're talking about S-Leo?
[11:058.0 - 11:059.4] Yeah, S-Leo.
[11:059.4 - 12:002.4] Most people just ask when rewards will turn back on.
[12:002.4 - 12:004.2] So rewards are still pooling up
[12:005.2 - 12:007.8] and we're still letting people migrate.
[12:007.8 - 12:012.8] So I want to see more people active on Axe too
[12:012.8 - 12:013.6] and promoting,
[12:013.6 - 12:016.0] because as many times as I see someone complain about it,
[12:016.6 - 12:018.2] I'd like to see three more comments than that,
[12:018.2 - 12:020.2] where you promote Leo Dex.
[12:020.2 - 12:022.3] So wait, hold on a second though.
[12:022.3 - 12:024.9] We can't claim, but we're still earning.
[12:025.8 - 12:028.0] You can't claim, but you're still earning
[12:028.0 - 12:030.6] because the rewards are still pooling in the contract.
[12:030.6 - 12:031.5] Gotcha.
[12:031.5 - 12:032.9] They're basically still pooling in the contract.
[12:032.9 - 12:034.3] The claims aren't enabled yet.
[12:034.3 - 12:035.4] Yep, I remember that.
[12:035.4 - 12:037.6] I remember when that happened and that's fine,
[12:037.6 - 12:038.7] as long as I'm still earning,
[12:038.7 - 12:040.0] because otherwise, yeah,
[12:040.0 - 12:044.6] I just would have left my Leo staked in Leo
[12:044.6 - 12:045.9] and been earning.
[12:046.7 - 12:048.6] Yeah, it's all, well, you have to remember,
[12:048.6 - 12:052.0] so the flow is someone swaps on Leo Dex
[12:052.0 - 12:056.2] and there's some amount of swap fee that's earned.
[12:056.2 - 13:000.0] That swap fee gets sent to the S-Leo contract
[13:000.0 - 13:003.1] and it sits there until the users claim it.
[13:003.1 - 13:006.7] So it is basically just a rewards pool,
[13:006.7 - 13:008.9] the same way any rewards pool works.
[13:008.9 - 13:010.0] For example, like on InLeo,
[13:010.0 - 13:011.2] you've got the Leo rewards pool,
[13:011.2 - 13:013.3] you've got the Hive rewards pool,
[13:013.3 - 13:016.7] and that has some allocation every single day.
[13:016.7 - 13:018.4] And when you're active on the platform,
[13:018.4 - 13:021.1] you get to earn some part of that rewards pool.
[13:021.1 - 13:022.4] S-Leo is exactly the same,
[13:022.4 - 13:024.8] which is there's a rewards pool,
[13:025.8 - 13:028.4] but this rewards pool is more dynamic
[13:028.4 - 13:031.6] because it's not like a fixed inflation amount.
[13:031.6 - 13:035.6] It comes directly from how many people swap on Leo Dex.
[13:035.6 - 13:037.7] So that's why I always say,
[13:037.7 - 13:039.6] as many times I see someone complain
[13:039.6 - 13:041.2] about when the rewards will start,
[13:041.2 - 13:043.2] I'm like, how many times have you actually posted
[13:044.0 - 13:045.6] on X to try to promote Leo Dex
[13:045.6 - 13:048.3] because you have a direct impact on your rewards?
[13:048.3 - 13:052.7] So it is like a cat and mouse game,
[13:052.7 - 13:055.3] but I don't really see anybody doing it.
[13:056.9 - 13:058.7] I said, I can answer that question.
[14:000.6 - 14:003.4] It's the same amount of times
[14:003.4 - 14:006.6] as I've posted on X about anything, period.
[14:006.6 - 14:007.8] And that would be zero
[14:007.8 - 14:010.3] because I don't even really use X.
[14:010.4 - 14:013.0] In fact, the only time I used X really was on AMAs.
[14:015.2 - 14:018.9] Hell, I think I lurk on X maybe once a week,
[14:018.9 - 14:021.0] if that, like just for a quick glance.
[14:021.0 - 14:026.0] And I have oftentimes re-shared posts,
[14:029.4 - 14:030.5] whatever they're called now,
[14:030.5 - 14:033.9] tweets from Leo Dex or from like task.
[14:035.0 - 14:039.0] But yeah, I'll have to get back to,
[14:039.0 - 14:041.2] I'll have to jump on and do some re-sharing.
[14:041.2 - 14:043.5] In fact, a year ago, I went on X right now.
[14:043.5 - 14:045.5] I see Leo Dex shared something.
[14:045.5 - 14:047.4] If you buy Bitcoin at, and it goes to,
[14:047.4 - 14:048.5] you can sell it and buy it back.
[14:048.5 - 14:050.0] Six seconds later, you still have the same Bitcoin,
[14:050.0 - 14:051.8] but you can realize the capital loss.
[14:051.8 - 14:052.6] There you go.
[14:052.6 - 14:053.8] That is true.
[14:053.8 - 14:057.1] Someone commented on the Leo Dex post
[14:057.1 - 14:059.8] talking about essentially tax harvesting.
[14:059.8 - 15:001.0] You know what?
[15:001.0 - 15:002.6] Crap.
[15:002.6 - 15:004.8] I wonder if I should make any moves.
[15:004.8 - 15:005.6] I didn't think about that.
[15:005.6 - 15:007.7] I could sell some Bitcoin right now at a loss
[15:007.7 - 15:009.4] and then immediately buy it back.
[15:012.1 - 15:014.8] Good, I strike this from the recording.
[15:014.8 - 15:015.6] Right?
[15:018.4 - 15:019.9] Not tax advice.
[15:021.6 - 15:022.5] But yeah, because I mean,
[15:022.5 - 15:026.1] crypto is considered like the same as like real estate
[15:026.1 - 15:029.0] where like you don't have the wash sale.
[15:032.7 - 15:035.3] At least last I saw,
[15:035.3 - 15:038.4] I don't know if anything's changed in the last year or two,
[15:038.4 - 15:042.6] but obviously now you're also re-establishing your-
[15:045.2 - 15:046.1] Basis.
[15:046.1 - 15:047.0] Your basis.
[15:047.0 - 15:048.4] So now when it goes up, you know,
[15:048.4 - 15:050.5] you're gonna have a bigger gain.
[15:050.5 - 15:052.5] So you're basically just trading.
[15:052.5 - 15:054.4] You're really just trading, you know,
[15:055.3 - 15:059.8] when you're booking the gain, so to speak, right?
[15:059.8 - 16:001.4] Like you're like,
[16:001.4 - 16:002.6] cause now you're gonna have a bigger gain
[16:002.6 - 16:004.5] to deal with down the road, right?
[16:004.8 - 16:006.5] For quote-unquote taking a loss now.
[16:007.6 - 16:010.7] Yeah, I guess you're just kind of pushing them for later.
[16:010.7 - 16:011.6] Right?
[16:011.6 - 16:013.0] Yeah, I mean, you're really just allocating them.
[16:013.0 - 16:015.6] It's really no different than many other tax strategies.
[16:015.6 - 16:016.4] Right?
[16:016.4 - 16:017.5] You know, people take certain like,
[16:017.5 - 16:019.5] for instance, real estate, right?
[16:019.5 - 16:022.4] There's a lot of syndicators that are, you know,
[16:022.4 - 16:024.3] aggressive in December in terms of like
[16:024.3 - 16:025.8] last chance for tax harvesting,
[16:025.8 - 16:029.6] because like they have a big apartment deal they're doing
[16:029.6 - 16:031.5] that they're gonna do a cost segregation on, right?
[16:031.5 - 16:032.9] Where you can do the bonus depreciation,
[16:032.9 - 16:036.4] meaning like someone, you know, invest in that deal
[16:036.4 - 16:040.0] and they're gonna get basically five years of depreciation
[16:040.0 - 16:041.3] right then and there,
[16:041.3 - 16:044.2] therefore giving them a loss to show this year, right?
[16:044.2 - 16:046.0] And then they deal with the gains in the years later.
[16:046.0 - 16:048.1] And someone will do that if they have a big tax bill,
[16:048.1 - 16:050.0] maybe they, you know, they're looking at this year, right?
[16:050.0 - 16:051.2] And they wanna offset that.
[16:051.2 - 16:053.4] So it's all, it's all legal.
[16:053.4 - 16:055.0] It's all in the tax code.
[16:055.0 - 16:056.5] Yeah.
[16:056.5 - 16:059.4] But anyway, not financial advice, not tax advice.
[16:059.4 - 17:000.8] Talk to your CPA.
[17:000.8 - 17:001.6] Moving on.
[17:003.9 - 17:006.0] You know, it's funny when I look at my XFeed,
[17:006.0 - 17:010.0] it's literally all like Leo Dex and Taskmaster.
[17:010.0 - 17:010.9] And cause I only follow-
[17:010.9 - 17:013.5] It's whatever you, yeah, it's whatever you interact with.
[17:013.5 - 17:016.4] And the algorithm on X has changed pretty significantly.
[17:017.8 - 17:019.5] So it's like, if you interact with an account,
[17:019.5 - 17:021.8] now you just, your whole feed is that account.
[17:022.7 - 17:025.6] It's actually a little bit, I don't know if I don't love it.
[17:025.6 - 17:028.2] It can be hard to find stuff that's like outside of your,
[17:028.2 - 17:030.9] it's hard to find stuff that's like outside of your account.
[17:030.9 - 17:033.6] It definitely encourages echo chambers.
[17:033.6 - 17:036.0] So I do feel like the feed could use a lot of work.
[17:036.0 - 17:040.2] And Elon actually stole our idea for,
[17:040.2 - 17:043.8] I still maintain that he must have some kind of a spy
[17:043.8 - 17:045.7] that uses in Leo.
[17:045.7 - 17:050.7] But Rafiki is, and we can use this opportunity,
[17:050.7 - 17:052.4] I guess, to transition to Leo developments.
[17:052.4 - 17:055.3] But Rafiki is one of the features
[17:055.3 - 17:057.2] that we're working on right now.
[17:057.4 - 18:000.0] He'll be controlling the for you feed.
[18:000.0 - 18:001.3] And I've talked about this a few times,
[18:001.3 - 18:004.7] but Rafiki reads every single thread
[18:004.7 - 18:006.2] that's posted on in Leo.
[18:006.2 - 18:008.8] So he's gonna create a, in this new feature,
[18:008.8 - 18:011.8] a database for each user.
[18:011.8 - 18:013.7] This is gonna be a premium only feature.
[18:013.7 - 18:016.9] A lot of the reasons is cause it costs a lot of AI credits
[18:016.9 - 18:017.8] in order to do this.
[18:017.8 - 18:022.2] But Rafiki will read every single incoming thread
[18:022.2 - 18:024.6] from the in Leo platform.
[18:024.9 - 18:026.9] From the in Leo platform,
[18:026.9 - 18:030.6] and then evaluate basically if that,
[18:030.6 - 18:035.0] which of the premium users should see that thread
[18:035.0 - 18:038.2] based on your activity, who you interact with,
[18:038.2 - 18:040.3] who you comment on, who you upvote,
[18:040.3 - 18:041.7] what you post about.
[18:042.8 - 18:045.2] So Rafiki will essentially,
[18:047.7 - 18:050.8] categorize all the threads for every single premium user.
[18:050.8 - 18:054.2] So just assume there's like a hundred premium users,
[18:055.0 - 18:056.6] every single thread that comes in and say,
[18:056.6 - 18:059.6] is it which of the hundred users should see this thread
[18:059.6 - 19:001.4] and then categorize it accordingly.
[19:002.2 - 19:004.7] So that's gonna be a premium only feature.
[19:004.7 - 19:007.6] And it's gonna make the for you feed on in Leo,
[19:007.6 - 19:009.3] like extremely good.
[19:009.3 - 19:012.1] So pretty amazing.
[19:012.1 - 19:013.4] Like I've already kind of played around
[19:013.4 - 19:014.2] with some of this stuff,
[19:014.2 - 19:019.2] but it's gonna be a dramatic improvement on in Leo
[19:019.3 - 19:022.0] where I think most people will switch
[19:022.0 - 19:023.6] from using the latest feed
[19:024.0 - 19:028.4] to using the for you feed when this takes place.
[19:028.4 - 19:033.4] So I would say 99% of users are on the latest feed
[19:033.7 - 19:035.7] as their primary feed.
[19:035.7 - 19:037.3] Cause the for you feed doesn't,
[19:038.2 - 19:040.3] it doesn't, it does a decent job,
[19:040.3 - 19:042.0] but it's more like a trending feed.
[19:042.0 - 19:044.2] It shows you when a lot of people have interacted
[19:044.2 - 19:046.2] with something or like people in your network
[19:046.2 - 19:048.7] because it includes your following.
[19:048.7 - 19:051.0] So it's kind of like the current for you feed
[19:051.0 - 19:053.4] is kind of like an aggregation of the latest trending
[19:054.2 - 19:055.8] and following feed all into one.
[19:055.8 - 19:059.4] And it tries to show you the best stuff that it can.
[19:059.4 - 20:000.3] And it's.
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[00:000.0 - 00:002.0] than most platforms, I would say.
[00:002.0 - 00:004.8] But with Rafiki powered for you,
[00:004.8 - 00:007.7] it's gonna be a 10X improvement.
[00:007.7 - 00:008.9] I mean, it's gonna be like,
[00:008.9 - 00:011.0] you'll go to it and you'll just immediately see
[00:011.0 - 00:012.4] all the things that you wanna see.
[00:012.4 - 00:014.2] Any thread in the last like 24 hours
[00:014.2 - 00:016.1] that's like relevant to you,
[00:016.1 - 00:017.7] you'll just immediately see those.
[00:017.7 - 00:021.9] So I think it'll be pretty amazing.
[00:025.6 - 00:029.9] So I'm excited for that feature in terms of Rafiki.
[00:030.0 - 00:032.4] And while I'm on the topic,
[00:032.4 - 00:035.3] Rafiki's next update is gonna include
[00:035.3 - 00:037.3] all the training data for premium users.
[00:037.3 - 00:040.1] So you'll be able to, if you're a premium on Inlio,
[00:040.1 - 00:042.6] you'll be able to ask Rafiki about your specific account.
[00:042.6 - 00:045.7] So any threads or blog posts that you've ever posted,
[00:045.7 - 00:047.3] Rafiki will be trained on those.
[00:048.4 - 00:051.0] You'll probably see, or if you've been using Rafiki,
[00:051.0 - 00:053.0] you've already seen that every single day,
[00:053.0 - 00:054.4] Rafiki gets a lot better.
[00:054.4 - 00:057.4] So right now he is literally trained on,
[00:058.4 - 01:003.4] he is literally trained on like my blog posts and threads,
[01:003.9 - 01:006.3] the main at Leo finance blog posts and threads,
[01:006.3 - 01:008.8] and then the Leo strategy blog posts and threads.
[01:009.7 - 01:012.8] So there's only three accounts in the trading data.
[01:012.8 - 01:014.9] And then that's obviously alongside
[01:014.9 - 01:016.0] the general trading data,
[01:016.0 - 01:018.0] and then he has search functionalities.
[01:018.0 - 01:023.0] So it's pretty crazy that he is as good as he is
[01:025.1 - 01:027.3] with only three accounts being the training data.
[01:028.1 - 01:029.1] Because now once premiums get added,
[01:029.1 - 01:030.6] that's about a hundred more accounts
[01:030.6 - 01:034.4] that will get added to his training data all in real time.
[01:034.4 - 01:037.6] And he's gonna be significantly smarter
[01:037.6 - 01:039.7] and more capable to answer any question,
[01:039.7 - 01:042.5] especially like deep questions about like Leo and Hive
[01:042.5 - 01:043.5] and things like that.
[01:043.5 - 01:047.7] It's pretty insane.
[01:047.7 - 01:052.6] So I think it's gonna be a massive leap.
[01:053.6 - 01:054.5] Nice.
[02:001.5 - 02:003.6] Ben has said, when one is joining premium,
[02:003.6 - 02:006.1] how long will it take Rafiki to be trained?
[02:006.1 - 02:008.4] It should be just a few hours or less
[02:009.4 - 02:011.3] once someone joins premium.
[02:011.3 - 02:016.1] So yeah, Rafiki will pick up all their data pretty quickly.
[02:022.8 - 02:026.0] I'm gonna have to agree with Dagger on this one.
[02:026.0 - 02:028.3] I don't, the only thing I don't like
[02:028.3 - 02:030.7] about the four year feed is it doesn't give a timestamp
[02:030.7 - 02:034.5] for when the threads were posted.