Hey yo, what is up and ripe, with my people who continue to watch me & join the movement,
the Chico Army & any newbie, who I call a viewer of the tube.
I’m the host of this channel Tyler, and one day I hope to be as much as the crypto
whisperer, as this old guy is the racoon whisperer.
You know how we trash panda...it’s time for Chico Crypto!
ALTSEASON!?
The markets are pumping...FOMO me Jomo, to the moon.
Literally that is all I see on social media...moon bois and girls, getting caught up in the market
pumps and most likely getting themselves into projects, that will eventually crash & burn,
as it has happened how many times before?
Now, just going to coingecko, and it’s feature of since all time high, we can see which coins
are still REKTED to this day.
Sorting from highest to lowest, we can see crap like bitcoin diamond and gold are up
there, but also zcash, qtum, NEM, Steem, Verge, Bitshares, ICON...these coins are all still
over 97 percent away from their old all time high…..they have a LONG WAY to go, especially
when BTC is only just over 52 percent down from it’s 20k all time high.
But the list continues with conis above 90 percent from all time high, IOTA is there,
NEO is there, Komodo is there, one I’m a fan of and hold...Augur is there, …..omisego,
bitcoin cash, tron, stellar, zilliqa, and even the talk of the town Cardano.
Now, I’m not saying all these are crap coins, of which have no value, because some are not...but
a large majority of them...are.
Especially the ones, who have taken advantage of something I am very passionate about & covered
multiple times on the channel.
The PPP loans, payment protection program, launched by the SBA, small business administration,
to help SMALL BUSINESS!
Ya crypto companies, some shat in the space, decided to take advantage of this program,
and fill their pockets with free government money.
Coindesk, got the inside scoop and listed the shatheads in the space & I don’t care,
if some of them are apart of projects I like...Im going to talk crap about them all, because
the patheticness of this, on a scale of 1 to 10...is a 100!
So they list numero uno...Consensys and they received between 5 and 10 million dollars,
from a signature bank.
Ya the Consensys of Ethereum, the Ethereum that I like….and this makes me disgusted
at them, Joe Lubin, and the like...return the money, come on guys!
Next on the list we care about, is the crypto exchange bittrex they received between $1
million and $2 million in May from Celtic Bank Corporation...now what in the freak does
a crypto exchange nee a paycheck program bailout for?
I mean, they have been averaging close to 30 million dollars in volume, each day for
the entire 2020.
I mean from details about their fees, it says Bittrex charges a 0.2% commission fee on all
trades.
If a customer buys one bitcoin for USD 10,000, for example, this means they’ll pay around
20 dollars in commission.
But volume, is about 30 million per day, and that would put revenues at about 60k per day,
or 1.86 million per month, or since we are 191 days into the year, a total 11.46 million.
Hmmn does it sound like they need a bailout?
Now, the next one on the list, is a cryptocurrency….yes a crypto, who made buckoo bucks in 2017 with
doing a massive ICO, and having their coin pump waaaayyyyy up there.
This is the company behind Cardano, IOHK & they received between $350,000 and $1 million from
Bank of America in May.
Now, you guys know I do not like Charles Hoskinson, whatsoever...he is a nasty fellow in my opinion,
and this just proves it more...because like the fool he is, he took the youtube airwaves
to discuss it…and he obliterated himself.
We could watch his whole spiel about why he did it, making excuses left and right, but
a bitcoin meme hub on twitter, put together a nice summary.
Let’s watch now…
Ya, it got on Charles nerves, because he decided to respond again, and made another fool of
himself, and incriminating him, for abusing the PPP program.
Let’s watch what he said...so the basis of this program, was to create an economic
moat?
For you to keep investing?
What????
Thanks for letting us know, that IOHK is looking to become a VC fund, and your goal isn’t
to “build”
Let’s continue…..so I’m not arguing that IOHK, is legally located in Wyoming,
but Charles you are hiring many people from outside of the US...per example..this a reddit
post asking what it is like to work at IOHK...and an employee answers “I'd never worked remote
before and I did find that a challenge that I am still not dealing with as well as I'd
like to.
I'm located in Australia and work with a team that is based in US east and west coast time
zones.
I also deal quite a lot with people in Europe.
How about Job posting for working at IOHK?
Flex Jobs has a list of what they have posted, and looky there they are not only looking
for US employees, but some posting a foreing specific...like software engineer javascript,
and more…
So this isn’t only for US employees, this also for your foreingn workers, which are
abundant I will tell you that...outsourcing cheaply, is a common tactic among shatheads.
Let’s keep it going why don’t we…..oh Cardano isn’t benefiting from this money?
Are you sure about that Charles, let’s just continue with what he says, as he says yes
open source code, the money is being spent on that...for what else?
Cardano….
And I
just wanna finish with what he says regarding dollar bills, because that is all that is
on his mind…
So, It’s plain out wrong, a crypto company, who is sitting on ICO money, tokens, and more...taking
out a PPP loan.
From IOHKs own statement on their ADA holdings, they said this “IOHK received both Bitcoin
and Ada for its contract to work on the Cardano project.
IOHK converted most of its Bitcoin at the time of receiving it to fiat in order to ensure
project stability.
With respect to IOHK's holdings of Ada, IOHK does not expect a need to liquidate any of
its Ada to cover immediate costs related to the Cardano project until 2019.
Therefore, IOHK will voluntarily adopt the following vesting schedule for its Ada.
A third of IOHK's Ada holdings will be immediately available to IOHK.
A third will be made available after June 1st of 2018.
The final third of IOHK's Ada will be made available after June 1st of 2019.
Which they are just sitting on, here is the IOHK cardano wallet, and they have over 2.4
billion ADA...with current prices, that is 288 million dollars my friends.
They didn’t need anything...and now let’s list the rest of the shatheads in the space...those
who have tokens..quarkchain for some reason received between $150,000 and $350,000 from
Fremont Bank in April.
And looking at their team, sure are Americans….
Next is SALT blockchain, they received between $1 million and $2 million from Alpine Bank
in April.
One I’ve talked about, Shipchain...they received between $150,000 and $350,000 from
Celtic Bank Corporation in May.
Factom, they received between $150,000 and $350,000 from Silicon Valley Bank in April
and gues what...they are already bankrupt.
Civic Technologies, received between $350,000 and $1 million from First Republic Bank in
April.
Gotta bring up this one, Erik Voorhees Shapeshift received between $1 and $2 million from Signature
Bank in April.
The Algorand Foundation Singapore received between $150,000 and $350,000 from Silicon
Valley Bank in April, somehow they got this through because they have a listed New York
Address...Storj Labs received between $350,000 and $1 million from Bank of America in May.
Celsius Network received between $150,000 and $350,000 from Signature Bank in April
& finally out of those who are either tokens or crypto exchanges, Quanstamp..they received
received between $150,000 and $350,000 from Silicon Valley Bank in April.
So I don’t care for a second, how much these projects complain...they ran ICOs, they are
sitting on stack and stacks of cash, crypto and more.
They did not need it, not one bit, and just because other shatheads like from wall st,
are doing it...does NOT MEAN IT IS OK!
Because let’s just go around my little small town, of under 100 thousand people, and see
the devastation to small business.
Let’s watch now…
Soo my friends, that is devastation, that is only in Downtown Chico & everysingle one
of those businesses were open and booming before this.
Unfortunately the owners of those businesses did not have the know how, the lawyers and
connections to the banks these crypto companies had, so no money for them...if you noticed
anything about the banks giving money to all the companies...same names over & over...Bank
of America, Signature bank, Silicon Valley Bank, cetic bank corporation...you get it?
Now, what would be nice, would be for these shatheads sitting on tokens, some worth millions
upon millions of dollars, to return the money or better yet, shower small business with
it.
I’m sure the downtown of each and everyone of your cities, of those who took money...is
just as bad as Chico, California...do the right thing.
Cheers viewers I’ll see you next time!