Latest / The Paul Barron Crypto Show / UNHINGED Media Fighting Against Yields & Privacy?🚨WTF!_

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UNHINGED Media Fighting Against Yields & Privacy?🚨WTF!_ · The Paul Barron Crypto Show

• 0:00
  Speaker 1: As Clarity is approaching, we are starting to get some
• 0:02
  Speaker 1: fun from new media and old media.
• 0:04
  Speaker 2: Today.
• 0:05
  Speaker 1: I'll break it down for you because this will start
• 0:07
  Speaker 1: to maybe change the course of history. Let's get into it.
• 0:10
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• 0:12
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• 0:19
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• 0:30
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• 0:32
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• 0:35
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• 0:38
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• 0:40
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• 0:43
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• 0:46
  Speaker 1: to get started use our link. Let's get started. I
• 0:48
  Speaker 1: want to show a bunch of stuff here because it
• 0:51
  Speaker 1: is getting heated right now around the Clarity Act. And
• 0:55
  Speaker 1: of course remember Tom tell Us. He came in and
• 0:57
  Speaker 1: basically said, I am hijacking Act and every other bill
• 1:01
  Speaker 1: I'm involved in if we don't get this Christy Nome
• 1:04
  Speaker 1: chick Ice Barbie out of here. Well he got his way.
• 1:08
  Speaker 1: Ice Barbie is no longer there. She of course has
• 1:10
  Speaker 1: stepped aside and it is definitely now changing the course.
• 1:14
  Speaker 1: I think on clarity, the ball appears to be in
• 1:17
  Speaker 1: Senator Tom Tillis's court. This came in from Eleanor Tarrett
• 1:20
  Speaker 1: Cody a carbona front of the Channel, said, Hey, Tillos
• 1:22
  Speaker 1: has now been various sceptive to our discussions about stable
• 1:25
  Speaker 1: cooin yield, and I'm optimistic now that we will find
• 1:28
  Speaker 1: a way to get a yes vote from him. So
• 1:31
  Speaker 1: that's another yues coming in for what we will see
• 1:35
  Speaker 1: on yield. Yield is a big factor here, guys, because
• 1:38
  Speaker 1: it does start to push the traditional media into picking
• 1:43
  Speaker 1: a side. Remember Trump, he just threw the gauntlet down
• 1:45
  Speaker 1: picking aside saying Americans should be able to make money
• 1:48
  Speaker 1: on their own money, and now we have Fox Business
• 1:51
  Speaker 1: talking about this. Take a look.
• 1:53
  Speaker 3: The issue is should crypto platforms be able to pay
• 1:57
  Speaker 3: rewards versus shaking their money and leaving them money in deposit.
• 2:00
  Speaker 4: Accounts, taking a revenue out of the hands of banks
• 2:04
  Speaker 4: and putting it into the pockets of Americans is something
• 2:07
  Speaker 4: that you know, I'm really passionate about and really supportive of.
• 2:10
  Speaker 3: I mean when you say, you know, we should have
• 2:12
  Speaker 3: money in people's pockets, I mean it's in people's pockets
• 2:15
  Speaker 3: in deposit accounts right now.
• 2:16
  Speaker 5: Right.
• 2:18
  Speaker 1: No, that is not right. It is not in your pocket.
• 2:22
  Speaker 1: In fact, if you have the chance to go into
• 2:24
  Speaker 1: a deposit account, you will know, as well as every
• 2:27
  Speaker 1: other American, you will get a pittance. If you get
• 2:30
  Speaker 1: one tenth of one percent, you have done well. And
• 2:34
  Speaker 1: that I think is the question.
• 2:35
  Speaker 2: Now.
• 2:36
  Speaker 1: I don't know that this is even going to be
• 2:38
  Speaker 1: a factor going forward, because I'm not even sure people
• 2:41
  Speaker 1: will move money out of banks into crypto. Maybe they
• 2:43
  Speaker 1: will let me know down in the comments. I want
• 2:46
  Speaker 1: to play a continuation of this clip where the crypto
• 2:48
  Speaker 1: industry is kind of defending this.
• 2:49
  Speaker 3: Take a look, it's in people's pockets in deposit accounts
• 2:52
  Speaker 3: right now.
• 2:53
  Speaker 6: Right.
• 2:53
  Speaker 1: Uh.
• 2:53
  Speaker 2: Yeah.
• 2:53
  Speaker 4: But the banks pay a very low rate, so the
• 2:56
  Speaker 4: debate isn't really about what it's how much right the
• 3:00
  Speaker 4: crypto firm. The banks are at all time profits, and
• 3:02
  Speaker 4: the fact that they're paying out pennies in terms of
• 3:05
  Speaker 4: the rewards they should be paying out to the American consumer.
• 3:07
  Speaker 1: All right, So from that you would think it'd be
• 3:09
  Speaker 1: an easy thing to pick a side. Well, listen to
• 3:12
  Speaker 1: this next clip.
• 3:13
  Speaker 3: If you're going to have crypto players, look like banks,
• 3:16
  Speaker 3: shouldn't they be FDIC insured.
• 3:19
  Speaker 4: Well, most deposits in the US are not fdi inc
• 3:22
  Speaker 4: insured because of the two hundred and fifty thousand dollars limit.
• 3:24
  Speaker 3: Well, I mean, look, it's a great point that you
• 3:27
  Speaker 3: made about the two hundred and fifty thousand dollars cap.
• 3:29
  Speaker 1: For most of you, I'm sure you're understanding that when
• 3:31
  Speaker 1: you put money into a bank, it's really not your
• 3:34
  Speaker 1: money anymore until you can go back and get it out.
• 3:37
  Speaker 1: But in fact, they use what is called fractional reserve banking.
• 3:40
  Speaker 1: They take a dollar from you and they go lend
• 3:42
  Speaker 1: it out nine times. The other thing is is there
• 3:44
  Speaker 1: is a cap on the FDIC insurance, So if you're
• 3:47
  Speaker 1: lucky enough to be a wealthy individual, you're only covered
• 3:51
  Speaker 1: for up to two hundred and fifty k, and then
• 3:53
  Speaker 1: the rest is free. If that bank goes down, you
• 3:56
  Speaker 1: only get back two hundred and fifty k, and it
• 3:58
  Speaker 1: takes a long time to do it. So these are
• 4:01
  Speaker 1: factors that I think at least gives a lot of
• 4:04
  Speaker 1: depositors now opportunities to create a diversified banking plan. And
• 4:10
  Speaker 1: I think this is a deal that we are going
• 4:11
  Speaker 1: to see more and more of, especially now that we
• 4:14
  Speaker 1: have Trump backing this. All right, so I want to
• 4:16
  Speaker 1: jump over to the privacy side. You guys have listened
• 4:18
  Speaker 1: to and heard a lot about what's going on with Anthropic. Well,
• 4:21
  Speaker 1: now we have the US government has made an official
• 4:24
  Speaker 1: statement here. It's official now. The Pentagon has made and
• 4:27
  Speaker 1: labeled Anthropic as a supply chain risk. This of course
• 4:31
  Speaker 1: created some pretty big issues overall. And one of the
• 4:34
  Speaker 1: things that you have to consider right now is there
• 4:37
  Speaker 1: were only two major areas that Dario, the founder of Anthropic,
• 4:41
  Speaker 1: was concerned about when the Pentagon was asking for control
• 4:45
  Speaker 1: of Anthropic. The AI listen to what he had to say.
• 4:49
  Speaker 7: Again, we only have two of these domestic mass surveillance,
• 4:53
  Speaker 7: fully autonomous weapons.
• 4:56
  Speaker 8: No one wants to be spied on by the US government.
• 5:00
  Speaker 8: Wants to be spied on by the US government.
• 5:01
  Speaker 7: I would have disagreed, but I would have respected them
• 5:04
  Speaker 7: if they said, doow, we don't want to work with Anthropic.
• 5:07
  Speaker 8: We're going to go with one of the other models.
• 5:09
  Speaker 7: But they've both extended that to parts of the government
• 5:13
  Speaker 7: beyond the DOW and tried to punitively revoke our contracts
• 5:17
  Speaker 7: beyond DOW and they've done this supply chain designation thing,
• 5:21
  Speaker 7: And it's very hard to interpret this in any way
• 5:24
  Speaker 7: other than punitive. Disagreeing with the government is the most
• 5:27
  Speaker 7: American thing in the world, and we are patriots in
• 5:30
  Speaker 7: everything we have done here.
• 5:31
  Speaker 8: We have stood up for the values of this country.
• 5:34
  Speaker 1: So Dario there really kind of boiled down to two things.
• 5:37
  Speaker 1: One does spy on Americans use our data against us. Also,
• 5:40
  Speaker 1: don't get into autonomous a killing, and that is the
• 5:44
  Speaker 1: two major things that really they drew a line in
• 5:47
  Speaker 1: the sand on the All In podcasts came in and
• 5:50
  Speaker 1: covered this topic and within it it was this episode
• 5:54
  Speaker 1: right here with the Assistant Department of War lead and
• 5:57
  Speaker 1: when you look at what happened in this episode, there
• 6:01
  Speaker 1: was major pushback from the audience. And this gets pretty
• 6:06
  Speaker 1: crazy because when you look at the all In podcast,
• 6:09
  Speaker 1: essentially what they've done is they have glazed this guy
• 6:12
  Speaker 1: completely as they brought him on. Listen to this first clip.
• 6:17
  Speaker 8: Emil Michael is now the Undersecretary for War, so I
• 6:20
  Speaker 8: might say fixer.
• 6:22
  Speaker 9: I hope it was more than the fixer.
• 6:25
  Speaker 8: I mean, you got it done. You got it done.
• 6:27
  Speaker 2: An operational as a rain maker.
• 6:31
  Speaker 8: There's that too. There's that too, all.
• 6:33
  Speaker 1: Right, So that's that's bad. Then I go over and
• 6:37
  Speaker 1: I look at this and I see Freebird. He's sitting
• 6:40
  Speaker 1: there with the robots in his background. You know what
• 6:45
  Speaker 1: that's from, guys. This is Star Wars. This is basically
• 6:48
  Speaker 1: where they were getting ready to take over the world.
• 6:51
  Speaker 1: And of course that is exactly the case if you
• 6:53
  Speaker 1: kind of compare this. This is the kind of dystopian
• 6:57
  Speaker 1: nature that we're talking about right now. And I think
• 7:00
  Speaker 1: that as we start to see getting into where AI
• 7:04
  Speaker 1: is being used by governments, this is going to get
• 7:06
  Speaker 1: pretty nasty pretty quick.
• 7:07
  Speaker 5: Now.
• 7:07
  Speaker 1: I want to play another clip because this one goes
• 7:09
  Speaker 1: into how the Department of Assistant Undersecretary of the Department
• 7:13
  Speaker 1: of War answered around autonomous killing, which is what remember
• 7:17
  Speaker 1: what Dario was trying to protect against.
• 7:19
  Speaker 9: Take a look and I looked at contracts. It was like,
• 7:22
  Speaker 9: holy cow, you can't use them to plan a kinetic strike.
• 7:26
  Speaker 8: You can't do a war game scenario with it.
• 7:28
  Speaker 9: You could do a scenario, is what we would do,
• 7:31
  Speaker 9: and it might involve a kinetic strike which causes harm
• 7:34
  Speaker 9: to a human. So like, well, what do you think
• 7:36
  Speaker 9: these folks do, you know, use this Department of war.
• 7:38
  Speaker 9: This is what we do. We're not knuckle draggers here.
• 7:41
  Speaker 9: We want we want to hurt people unnecessarily, so you know,
• 7:45
  Speaker 9: it's our province to decide how we fight and win wars,
• 7:48
  Speaker 9: so long as they're lawful.
• 7:50
  Speaker 2: By the way, this is deplatforming all over again.
• 7:54
  Speaker 1: He clearly admitted that they would be using this for planning.
• 7:57
  Speaker 1: This next clip goes even further, and this is around
• 8:00
  Speaker 1: the surveillance side. Their privacy out there right now. Take
• 8:03
  Speaker 1: a look.
• 8:03
  Speaker 9: They didn't want us to bulk collect public information on
• 8:09
  Speaker 9: people using their AI system. There's months of this like
• 8:13
  Speaker 9: stuff painting us as doing mass surveillance, where their issue
• 8:19
  Speaker 9: was like some commercial database thing which I'm not even
• 8:22
  Speaker 9: sure we buy them. You know, we run schools, hospitals,
• 8:24
  Speaker 9: we do a lot of things that do do We
• 8:26
  Speaker 9: don't just fight worse and the way they were able
• 8:28
  Speaker 9: to characterize these two things which are genuinely scary to people,
• 8:32
  Speaker 9: but we're not the real issues. If you don't want
• 8:35
  Speaker 9: your stuff to be used for Department worse stuff you
• 8:37
  Speaker 9: shouldn't be selling to the Department of War.
• 8:44
  Speaker 2: Well.
• 8:44
  Speaker 1: And then also, I don't know why this is funny, guys,
• 8:48
  Speaker 1: I don't understand why this is funny. This is personal privacy.
• 8:51
  Speaker 1: He even admitted to the fact that they are collecting
• 8:53
  Speaker 1: data and they were trying to do it was one
• 8:55
  Speaker 1: of the stipulations that they put out on it. He
• 8:58
  Speaker 1: goes further into this because now he admits to something else,
• 9:02
  Speaker 1: and you won't guess what. Take a look.
• 9:05
  Speaker 9: And then the trigger point was after the Maduro raid,
• 9:07
  Speaker 9: one of their execs called Palenteer who we buy themselves through,
• 9:11
  Speaker 9: and asked them was our software used in that raid,
• 9:15
  Speaker 9: which is by the way, classified information.
• 9:17
  Speaker 8: They went behind your back and it wasn't.
• 9:19
  Speaker 9: By behind my back. I don't want to accuse them
• 9:21
  Speaker 9: of that, but holy what if this software went down?
• 9:26
  Speaker 9: And that was like a whoe moment for the whole
• 9:28
  Speaker 9: leadership at the Pentagon. And so I went to Secretary
• 9:30
  Speaker 9: hegseth that we're potentially so dependent on a software provider
• 9:34
  Speaker 9: without another alternative.
• 9:37
  Speaker 1: How would he not know that? I mean, that is
• 9:39
  Speaker 1: just clearly outlines in my opinion, if you don't have
• 9:43
  Speaker 1: a backup, and even a redundancy on a that backup,
• 9:47
  Speaker 1: especially in the Department of War. I mean, come on,
• 9:50
  Speaker 1: this is the first line of defense for Americans around
• 9:52
  Speaker 1: the world. This is something I thought was a really
• 9:55
  Speaker 1: bad take on his point, You yourself would be incompetent,
• 9:58
  Speaker 1: I would think, I mean, I would have systems and
• 10:00
  Speaker 1: redundant systems on that one, especially with something as important
• 10:03
  Speaker 1: to this. This guy's going to end up becoming the
• 10:05
  Speaker 1: next Christy. No, you watch, it's going to happen. We
• 10:08
  Speaker 1: will see some incompetence layering in going forward. And the
• 10:12
  Speaker 1: other thing that this factors in is that this had
• 10:15
  Speaker 1: an effect on the entire market, especially on the Max seventy.
• 10:18
  Speaker 1: If you think of which AI in general, this would
• 10:20
  Speaker 1: affect everybody all the way up into Nvidia because of
• 10:23
  Speaker 1: the impact that this put on investors. Wait a minute,
• 10:26
  Speaker 1: the government's doing this against Anthropic, one of the biggest
• 10:29
  Speaker 1: companies out there going in this direction. Well, not only that,
• 10:33
  Speaker 1: it starts to analyze and push and I think now
• 10:37
  Speaker 1: open up at risk companies that are actually communicating and
• 10:42
  Speaker 1: agreeing with the Department of War, and some of them are,
• 10:44
  Speaker 1: of course, are groc open AI, which we know Gemini
• 10:48
  Speaker 1: all now handling data over to the government. Take a
• 10:51
  Speaker 1: look at this clip.
• 10:52
  Speaker 8: Open AI software, Gemini software, and GROC software. Have they
• 10:57
  Speaker 8: pushed back on any use.
• 10:58
  Speaker 9: So Grock's all in all awful use cases across all
• 11:01
  Speaker 9: classified and on classified networks, as you'd expect.
• 11:04
  Speaker 1: All right, So further into this, they start to now
• 11:08
  Speaker 1: kind of pit Anthropic against Americans.
• 11:11
  Speaker 9: Take a look.
• 11:12
  Speaker 2: You can't do that. It's clear that Anthropic just lost
• 11:16
  Speaker 2: all the Republicans. But I think that if they think
• 11:19
  Speaker 2: that they have the Democrats that's fleeting as well, they
• 11:22
  Speaker 2: accidentally may have pissed off every constituent.
• 11:26
  Speaker 1: I don't think so. I think that the power of
• 11:29
  Speaker 1: the people who is starting to rise. We're already starting
• 11:31
  Speaker 1: to see it right here on us downloads of Claude
• 11:34
  Speaker 1: absolutely skyrocketing over chat, GPT, and this is happening in
• 11:40
  Speaker 1: real time. You have that, then you go and look
• 11:42
  Speaker 1: at this kind of data right here. Look at that
• 11:44
  Speaker 1: Anthropic number one in the last seven days right there
• 11:47
  Speaker 1: on downloads over on Google Play. Then you can kind
• 11:51
  Speaker 1: of jump into this. You got you know, all sorts
• 11:53
  Speaker 1: of people starting to go in and get even more Claude,
• 11:57
  Speaker 1: and this boils into the next clip, which is really
• 11:59
  Speaker 1: talking to the evaluation about Anthropic.
• 12:01
  Speaker 2: Take a look, what is the senior management really doing.
• 12:04
  Speaker 2: What do you think you would tell them if you
• 12:06
  Speaker 2: were sitting inside of the board of Entre Free Break,
• 12:08
  Speaker 2: You're shutting the fuck up. You're just shutting the fuck up.
• 12:11
  Speaker 5: And I don't think that company's worth three hundred and
• 12:13
  Speaker 5: fifty billion anymore.
• 12:15
  Speaker 1: I mean, you cannot just let a government run roughshot
• 12:18
  Speaker 1: over private companies. And that is exactly what happened. I
• 12:20
  Speaker 1: would agree that if you're not interested in doing things
• 12:23
  Speaker 1: on the scope of work, maybe anthropy just steps away.
• 12:26
  Speaker 1: But for the government saying, hey, you can no longer
• 12:28
  Speaker 1: use this because it's a risk. Maybe it's just not
• 12:31
  Speaker 1: a preferred vendor kind of thing. All right, So I
• 12:33
  Speaker 1: want to go into one more clip here. This is
• 12:35
  Speaker 1: by Jason Calacanis, and he goes in on a rant
• 12:38
  Speaker 1: around Anthropic. Take a look.
• 12:40
  Speaker 8: Here's nine companies and their activities with the administration, from
• 12:45
  Speaker 8: the inauguration to attending the inauguration, to the White House
• 12:49
  Speaker 8: CEO dinner to the Milania documentary Amazon.
• 12:52
  Speaker 6: They have all participated. There's one company that has in participated,
• 12:57
  Speaker 6: and that's Anthropic. I pulled Dario aside, and I'd say, listen,
• 13:00
  Speaker 6: this is not a battle you can win. You're going
• 13:02
  Speaker 6: to come across as not being patriotic. Tim Cook is
• 13:05
  Speaker 6: showing up for the Milania premiere. Would it kill you
• 13:07
  Speaker 6: to support the president? Would he kill you to show up?
• 13:10
  Speaker 6: Show up for the president. I'll show up for America
• 13:13
  Speaker 6: and be a patriot. You don't have to donate, but
• 13:15
  Speaker 6: be a patriot and show up for the dinners.
• 13:17
  Speaker 2: Hey, Dario, call a meal back right now and say
• 13:20
  Speaker 2: you know what, Sorry, sicked up. We support our customer's
• 13:24
  Speaker 2: use of our models to do everything and anything, and
• 13:28
  Speaker 2: this was just a misstep.
• 13:29
  Speaker 9: Camille, how do you respond? I mean, I would say,
• 13:32
  Speaker 9: that's what I've always wanted. You're going to have to
• 13:33
  Speaker 9: apologize to more people than just me.
• 13:36
  Speaker 4: Yeah.
• 13:37
  Speaker 1: Wow, this is a pretty stark take right now on
• 13:41
  Speaker 1: this This may I don't know where do you guys
• 13:44
  Speaker 1: stand on this situation. Are you pro let's go in
• 13:47
  Speaker 1: and just do whatever the government tells us to do,
• 13:50
  Speaker 1: or are you hey, maybe there is a line in
• 13:52
  Speaker 1: the sand we cannot cross, especially when we are in
• 13:55
  Speaker 1: the early stages of AI development. Dave Ryberg said, was
• 13:58
  Speaker 1: the valuation this company is not worth that much. But
• 14:01
  Speaker 1: if you look at pre stocks over here, Anthropic is
• 14:04
  Speaker 1: starting to move, in fact considerably seventeen percent up. And
• 14:10
  Speaker 1: I think in general this is just kind of a
• 14:11
  Speaker 1: bad take because you cannot expect every company out their
• 14:15
  Speaker 1: private company, especially to just automatically fall in. This was
• 14:18
  Speaker 1: a good position by Dario of trying to protect Americans.
• 14:22
  Speaker 1: One other note, if you just take a look at
• 14:24
  Speaker 1: what's happened over on Jupiter, where you can trade this
• 14:27
  Speaker 1: in pre stocks kind of thing, This is where it
• 14:30
  Speaker 1: started to dump right after the news, and then of
• 14:33
  Speaker 1: course I think everybody looked at it and said, wait
• 14:35
  Speaker 1: a minute, maybe this is actually positive because they're standing
• 14:38
  Speaker 1: up and boom, you have Anthropic absolutely going striking tops.
• 14:43
  Speaker 1: So as you can see, that's positive I think for Anthropic,
• 14:46
  Speaker 1: not that we're talking about investment advice, but at least
• 14:49
  Speaker 1: you would think that billionaires who get a chance to
• 14:51
  Speaker 1: get early access, early stage money, all these kind of things,
• 14:54
  Speaker 1: they can pick the right winners. They had to go
• 14:57
  Speaker 1: back in and actually reconsider in this same episode their position.
• 15:01
  Speaker 1: Take a look.
• 15:02
  Speaker 5: I think Anthropic is a trillion five market cap at
• 15:05
  Speaker 5: the end of the day unless this blows them up.
• 15:07
  Speaker 2: You're still buying the five x versus the three X.
• 15:09
  Speaker 5: Kind of thing is worth a lot more than three fifty,
• 15:12
  Speaker 5: that's for sure.
• 15:14
  Speaker 8: It's undervalued compared to chat cheep.
• 15:16
  Speaker 1: All right, undervalued, not valued? Should be worth it? Am
• 15:20
  Speaker 1: worth it? Okay, Well, then you have Chamas's back performance.
• 15:24
  Speaker 1: Everybody's been kind of dogging him on that. This is
• 15:27
  Speaker 1: something we've talked about here on the show. Is you
• 15:29
  Speaker 1: know there hasn't been some major wins. Here is a
• 15:33
  Speaker 1: clip of him talking about those wins.
• 15:35
  Speaker 10: Why is everyone so mad at Jimuth? All he did
• 15:37
  Speaker 10: was lose billions and retail investors' money one page SPACs.
• 15:42
  Speaker 10: It's not like he then told them to enjoy their
• 15:43
  Speaker 10: capital losses or anything. Give the man a break. Jamuth's responds, Yes,
• 15:47
  Speaker 10: I did all right, piling on so great.
• 15:52
  Speaker 8: Yeah, that's smile.
• 15:57
  Speaker 1: I think that's enough. Set. If you like this video,
• 16:08
  Speaker 1: hit like and subscribe, drop a comment down below, and
• 16:11
  Speaker 1: also join our free private member group. The links in
• 16:14
  Speaker 1: the description m