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I JUST BEAT THE SEC!
May 7, 2025
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06:47
You've got a faster, cheaper Ethereum in
06:51
PulseChain that has higher throughput,
06:53
lower latency, lower
06:55
fees and none of the L2
06:59
vampires. Hey guys, you tried the L2
07:01
thing. It didn't work out, huh? You
07:03
regret that now, don't you? Yeah. Come
07:05
to an L1. Come to PulseChain. It's more
07:06
secure, more composable.
07:09
It it's the the idea that they
07:11
incentivize people to steal brand
07:13
awareness from Ethereum using L2s and
07:15
then fracture liquidity and then
07:17
introduce latency and then introduce
07:19
massive risk. The majority of these L2s,
07:22
the vast majority, if they turn off
07:23
their centralized sequencer, you can't
07:25
transact anymore. Your money's gone.
07:27
Bye-bye. Who are you in blockchain for
07:30
trusted counterparty risk? I'm in
07:32
blockchain for trustlessness. I'm in
07:34
blockchain for permissionlessness. I'm
07:36
in blockchain for doing things that make
07:39
the world a better place. Having to beg
07:42
someone for your money is the opposite
07:43
of why the blockchain was invented. And
07:45
that's all L2s are. 99% of them.
07:49
Absolutely terrible decision from the
07:51
Ethereum guys. And their price chart has
07:53
paid the price for it. You know, it's
07:54
down over four years now. That sucks. It
07:57
used to be 5K. Now it's you know what,
08:00
1,400 a few weeks ago. Uh I think 1,800
08:04
now. That sucks, man. $1,800 Ethereum
08:08
sucks. Especially when gold's at
08:10
all-time highs, Bitcoin's nearing
08:11
alltime highs again. Do I think it'll
08:13
get back up? Yep, I do. Especially if
08:16
uh institutions are buying, which they
08:19
are. You know, how many ETFs are there
08:21
out out there right now?
08:23
Bitcoin, Ethereum, those are the two
08:26
large ones. So if your thesis is that uh
08:29
institutions are going to be the guys
08:31
that are buying, well it's nice to have
08:33
an
08:35
ETF. Now that being said, Ethereum and
08:38
Bitcoin did really really well before
08:40
they had ETFs when they had lower market
08:42
caps, right? So take for instance uh the
08:45
liquidity that you see in PulseChain,
08:47
PulseX, you know, you could get a God
08:49
candle at any moment. You could get a
08:51
giant green candle at any moment because
08:53
it's easier to get them because it takes
08:55
less economic energy because there's
08:57
less of it for sale. You know,
08:58
PulseChain has less inflation than both
09:02
uh Ethereum and
09:06
X and
09:08
Bitcoin. But what has even less
09:11
inflation than PulseChain is Pulse X.
09:14
Pulse X has deflation. There's less
09:17
Pulse X now than there's ever been. And
09:19
for the rest of time, there will always
09:20
be less pulse than there's ever been
09:22
because it only burns and it can never
09:23
inflate. And you know, I think 1.4
09:27
trillion of it has been burned so far.
09:29
Uh that's a lot. And you can and the
09:31
Richard Hart Twitter account, you can
09:33
see uh a guide on how to go into the
09:35
block explorer and look at the contract
09:37
and just look at the number of uh burnt
09:40
plsx. And if you click the like guay gwi
09:45
uh checkbox, it'll like remove a bunch
09:47
of zeros and show you like the pulse
09:49
number because it has a bunch of extra
09:51
zeros for
09:52
resolution. It's like how many dec like
09:55
when you add a when you add a new token,
09:57
it asks you how many decimals it has.
09:59
Has a lot of decimals. So we got great
10:02
news. We've got regulatory certainty
10:05
that almost no other coin has. If people
10:07
don't start doing nice things for us,
10:09
um, working with us, you know, listing,
10:12
etc., I wouldn't be surprised to see
10:14
people just start up competitors. The
10:16
regulatory environment's never been
10:17
nicer. I mean, you had a memo from Todd
10:19
Blanch of the Department of Justice
10:21
which specifically was titled uh, ending
10:24
regulation by
10:25
enforcement. Uh, ending regulation by
10:29
prosecution. And he said that a lot of
10:31
people were being prosecuted for things
10:33
they shouldn't be. Um, it's a really
10:36
great memo. You should read it. It's by
10:37
the deputy attorney general of the
10:39
United States, Todd Blanch. I think he's
10:42
the second in command of the Department
10:45
of Justice underneath Pam
10:47
Bondi. Um, so you know, under it's like
10:51
I think it's president Pam Bondi Todd
10:55
Blanch. Well, that's about as high up as
10:59
you're going to get. And you know, it it
11:02
set regulatory priorities to do things
11:04
that would help enforce laws and help
11:08
people, you know, stop getting robbed
11:10
and a lot of other really good things.
11:13
Let the SEC do their job. Let law
11:15
enforcement do its job. Writing
11:17
regulations is not something that the
11:19
Department of Justice is supposed to do.
11:21
The legislative branch is supposed to
11:23
write laws. The executive branch is
11:25
supposed to enforce laws.
11:27
They're the executive branch is not
11:29
supposed to write laws, you know. Um
11:32
it's checks and balances. Three three
11:35
branches of government, executive,
11:37
judicial, legislative. And I'm and I'm
11:39
glad it would be nice if the executive
11:43
stopped doing a denial of service attack
11:45
on the
11:47
judicial by doing less bad things. So
11:49
the judicial had to unwind. So, two
11:52
years ago, the executive decided to file
11:54
a bad lawsuit against me and Hex and
11:57
Pulsechain and chill our free speech and
11:59
chill our ability to publish free and
12:01
open source software that is used by
12:03
others to publish and associate their
12:05
thoughts publicly. That's wild. And then
12:09
they sent out all these subpoenas to
12:10
people that are basically reporters
12:12
doing their own research and reporting
12:13
what they find. original researchers.
12:16
You know, people in our community,
12:18
they're not spouting off uh things that
12:20
they read from somebody else like a
12:22
normal reporter reading a teleprompter.
12:23
They're doing their own original
12:25
research and they should have the same
12:27
protections against interference with
12:30
the media process where you go and you
12:32
learn and you publish to the public
12:35
things that they could improve their
12:36
lives with. Knowledge like what I'm
12:38
doing with you right now. I am stating
12:40
to you verifiable facts that I hope will
12:42
make your life better. For
12:45
instance, there was a conference that I
12:48
didn't know about called uh pulse chain
12:51
2055 conference. I guess we love the
12:53
55s. So for instance, the maximum length
12:56
stake that you can make is 555 days in
12:59
hex. The hex.com diamond has
13:04
555 carats and 55 facets. And then the
13:07
judgment came out on May 5th, which is
13:09
55 of 2025. It's just funny. I think
13:12
numerology is stupid. I don't believe in
13:14
it. But branding and and shelling points
13:17
and everyone kind of focusing on the
13:19
same thing. It's kind of fun, right?
13:21
It's good for just just for fun. So the
13:26
uh and it's also funny the the final
13:30
judgment is like docket I docket or
13:34
document ID number 888 or something.
13:36
Now, I'm telling you, like numerology is
13:37
stupid and I don't like it, but these
13:39
are just a couple things that popped out
13:40
at me, which is funny. Um, so where was
13:46
I? I don't know. You know, I don't I
13:48
don't have a script. I'm just telling
13:50
you the truth as I know it.
13:52
So, we had a beautiful um document from
13:57
Todd Blanch, the deputy attorney general
14:00
of uh the United States Department of
14:02
Justice, trying to get rid of all this
14:04
waste of resources and misallocation of
14:06
resources that's making the United
14:08
States a worse place and injuring what
14:11
Donald Trump, the president of the
14:13
United States, has declared by executive
14:14
order to be a critical
14:16
industry. So, do you want to help the
14:19
United States?
14:21
Are you subject to the command of the
14:25
supreme commander of the United States,
14:27
the president? I think he's I think he
14:30
might even be above supreme commander, I
14:32
think. Anyway, um yeah, probably you are
14:36
probably that's your boss. Probably you
14:39
should follow the law and orders, you
14:43
know. So, like I
14:45
just if the president of the United
14:47
States says that cryptocurrency is a
14:50
critical industry and it matters and you
14:51
should try and help it instead of hurt
14:52
it, probably you should try and help us
14:55
instead of hurt us. And there's a lot of
14:57
us out there, millions and millions and
14:59
millions and millions. And that's why,
15:01
you
15:02
know, I dislike gatekeepers. I dislike
15:05
uh big corporate entities. I think corp
15:08
I think cryptocurrency was invented to
15:09
replace all those guys. But at least
15:11
Coinbase is out there doing good
15:14
lobbying and trying to get good laws
15:17
passed. Um, I'm not saying all their
15:19
laws are good. I think they have an
15:20
angle where they want to, you know, make
15:22
USDC better than other things because
15:24
they make money on USDC. Um, so I'm not
15:27
I'm not saying every law they produce is
15:29
great, but they are doing a lot of good
15:31
work. Um, with Paul Gwal, not sure
15:33
that's how you pronounce his name, but
15:35
he's the chief legal officer over at
15:36
Coinbase. You know, these guys are
15:39
filing cases against they won a case in
15:43
court against Fininsen to get tornado
15:45
cash removed from the OFAC sanctions
15:48
list. This is an example of a human
15:50
being or a few human beings at the
15:52
United States government chilling your
15:54
speech, chilling your be able your
15:55
ability to associate with others,
15:57
chilling your ability to do math and
15:59
publish it publicly on the blockchain. a
16:02
guy or a few guys in the United States
16:04
made it impossible or illegal for you to
16:06
do that. And then the court had to stop
16:09
them and say, "No, that's not okay. You
16:11
can't list code that people run from
16:13
their houses as though it were an entity
16:16
to be sanctioned." And then they try and
16:18
play games. They try and go, "Oh, okay.
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