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Putin Furious At U.S. Stablecoin Growth on Ethereum🔥 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Let's dive in to Russia versus cryptoday and we'll break
• 0:02
  Speaker 1: it all down for you. It's going to be an
• 0:03
  Speaker 1: interesting one, so stick around. My name is Paul Barrel,
• 0:05
  Speaker 1: Welcome back into the show. I do want to thank
• 0:08
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  Speaker 1: card using our link down below. All right, guys, let's
• 0:43
  Speaker 1: get into a couple of points that is going on
• 0:45
  Speaker 1: right now within what's happening within Russia, and this is
• 0:49
  Speaker 1: where Russia is kind of repositioning their thought around crypto
• 0:54
  Speaker 1: or remember they have been very anti crypto over the years.
• 0:57
  Speaker 1: This guy right here is the advisor to the pro
• 1:00
  Speaker 1: as them and his name is kobeakov Anton. That's a
• 1:04
  Speaker 1: little scary, but this is the guy that's advising Putin
• 1:09
  Speaker 1: on his policy. Now, I want to go to a
• 1:11
  Speaker 1: clip real quick that will break down a little bit
• 1:13
  Speaker 1: of where they think the crypto market is going.
• 1:16
  Speaker 2: Take a look America priama ce chass but it's a
• 1:20
  Speaker 2: perminade preval and rinkula e crypto valute this provlini shortly
• 1:27
  Speaker 2: what demonstern is glowner americanski zada i which in hgiatary
• 1:33
  Speaker 2: sheet problem with new Genia the yagdolero Sha catability if
• 1:41
  Speaker 2: kulda scrypta violutna obloka so remi ca che goes dog's
• 1:48
  Speaker 2: mission of stable coiner Sha is saying it to dog
• 1:53
  Speaker 2: sure as prasta mislove when you seechest valutni treats it
• 1:57
  Speaker 2: pet triluni dog. And he was going to at crypt
• 2:01
  Speaker 2: war Blocker at atletch to watchin lubit z niumatsa cryptoi.
• 2:06
  Speaker 1: One of the things you got to pay attention to
• 2:08
  Speaker 1: is this right here, now this is what their current
• 2:11
  Speaker 1: status is for crypto. Any private individuals who pay with crypto,
• 2:15
  Speaker 1: they're going to face fines. So this is like twenty
• 2:18
  Speaker 1: five hundred bucks and for a business, it's like thirteen
• 2:20
  Speaker 1: grand in terms of fines. All of that, and that
• 2:24
  Speaker 1: of course is still in act today, but all of
• 2:27
  Speaker 1: that is about to shift. The only difference is it's
• 2:30
  Speaker 1: shifting for a select few. If you go over here
• 2:33
  Speaker 1: on the crypto shift, a strategic move in to redefine
• 2:37
  Speaker 1: global finance. What they're doing now is they're preparing a
• 2:40
  Speaker 1: significant overhaul and cryptocurrency regulations. This is going to allow
• 2:43
  Speaker 1: retail investors kind of into the game, and they're only
• 2:47
  Speaker 1: going to permit high networth individuals with annual income exceeding
• 2:51
  Speaker 1: fifty million rubles that's about six hundred k, and who
• 2:55
  Speaker 1: invest at least one hundred million rubles one point two
• 2:57
  Speaker 1: million so to engage in crypto activities under this new
• 3:00
  Speaker 1: experimental concept. Now, that is basically the oligarchs that are
• 3:05
  Speaker 1: going to be able to do this, So they're clamping
• 3:07
  Speaker 1: down in that model. This is still in a situation
• 3:10
  Speaker 1: where it is very selective but also very governed. If
• 3:14
  Speaker 1: you look at just the crypto exchanges in Russia right now,
• 3:18
  Speaker 1: all these are KYC, so it's likely that most people
• 3:22
  Speaker 1: that are in Russia underneath that are still using DEXes
• 3:26
  Speaker 1: as their primary tool for trading within crypto. I don't
• 3:29
  Speaker 1: anticipate that this is happening much over there, and nor
• 3:32
  Speaker 1: do I think it will happen much. Now, let's go
• 3:35
  Speaker 1: back in time a little bit, because this is where
• 3:38
  Speaker 1: it gets interesting. Metallic right there, butterin Eth he met
• 3:42
  Speaker 1: Vladimir in twenty eighteen, and at that point I think
• 3:46
  Speaker 1: they were still open to crypto. But of course the
• 3:49
  Speaker 1: lockdown did not occur until what we've seen right now.
• 3:52
  Speaker 1: And then of course from that point on what we
• 3:55
  Speaker 1: saw was you know what's happening now, which is a
• 3:58
  Speaker 1: war began. This essentially is when Russia invaded Ukraine, the
• 4:02
  Speaker 1: market of course tanked. Let's not forget that Vitalic also
• 4:06
  Speaker 1: was very anti on this position, and he simply says, hey,
• 4:10
  Speaker 1: this was the famous statement of a theoremy is not virtual,
• 4:13
  Speaker 1: but I'm not. And he's talking about this issue with
• 4:16
  Speaker 1: Ukraine and Russia. And I want to go to a
• 4:18
  Speaker 1: clip real quick because this will get into a little
• 4:20
  Speaker 1: bit more detail on how Vitalic's master plan might be
• 4:24
  Speaker 1: playing out.
• 4:25
  Speaker 3: Take a look telling their master propagandists to go fuck themselves.
• 4:30
  Speaker 3: I was disreceived by by your fans and peers in general.
• 4:34
  Speaker 3: There's definitely yeah people who you know, like of the
• 4:38
  Speaker 3: yeah mindset that like, oh, you know, like I should
• 4:41
  Speaker 3: like not be getting involved in politics and like I
• 4:44
  Speaker 3: should be neutral, and basically I think people do kind
• 4:47
  Speaker 3: of forget the principles right, you know, like things like
• 4:50
  Speaker 3: openness and decentralization. They're not just slogans, they're like words
• 4:54
  Speaker 3: that actually mean things, right, and you know, like not
• 4:56
  Speaker 3: get like censored by a dictator and all of these
• 4:59
  Speaker 3: things like that. That's all actually part of that, right.
• 5:02
  Speaker 3: One of the yeah applications that I thought is really
• 5:05
  Speaker 3: interesting is technology that was developed by this company front
• 5:09
  Speaker 3: based in Kief called Ramo. It's called Freedom Tool. If
• 5:12
  Speaker 3: you're a Russian, then you can prove that you are
• 5:15
  Speaker 3: Russian and then you can vote. Right. The point is
• 5:17
  Speaker 3: to basically say, yeah, you know, like if we have
• 5:19
  Speaker 3: this digital election that's like completely independent of you know,
• 5:23
  Speaker 3: like Vladimir Impruten's ability to like you'll like fully manipulate
• 5:27
  Speaker 3: the results, which he's been doing, since like at least
• 5:29
  Speaker 3: I'm in e LIKECT twenty eleven, then like let's see
• 5:32
  Speaker 3: what the results actually are, right, and that ensures that
• 5:34
  Speaker 3: whoever's running the vote can't censor the votes. Then you
• 5:37
  Speaker 3: have zero knowledge proofs to protect the voter's privacy. But
• 5:39
  Speaker 3: then at the same time prove that the voter, I know,
• 5:42
  Speaker 3: like actually is like basically like one vote per citizen.
• 5:45
  Speaker 3: Like it's basically all done without the permission of the
• 5:47
  Speaker 3: Russian government obviously, right, if you want to ask a
• 5:49
  Speaker 3: question of like how do we, yeah, you know, like
• 5:52
  Speaker 3: help Soviet countries that are unfortunately, yeah, I'm like stuck
• 5:55
  Speaker 3: under the dictator, Like, how do we actually help them
• 5:58
  Speaker 3: get out? At some point? Like that stuff is really early,
• 6:00
  Speaker 3: but I think this is one of those things that
• 6:03
  Speaker 3: needs to be tried. When can we use it? It's coming, right,
• 6:06
  Speaker 3: and I think it's coming very soon. Scalability was very limited,
• 6:10
  Speaker 3: and like transaction fees were super high.
• 6:12
  Speaker 1: Right that clip was about a year ago. They're up
• 6:14
  Speaker 1: to one hundred thousand real users right now. I want
• 6:16
  Speaker 1: to go to a clip real quick that will kind
• 6:18
  Speaker 1: of say whether or not this could be used in
• 6:20
  Speaker 1: other countries.
• 6:21
  Speaker 4: Take a look Freedom to solve the long standing problem
• 6:23
  Speaker 4: and digital democracy, and it was instantly picked up by
• 6:26
  Speaker 4: dissidents in Russia. He used it to protest Putin. It
• 6:29
  Speaker 4: was then picked up by dissidents in Iran who used
• 6:32
  Speaker 4: it to protest the Islamic Republic. And we recently had
• 6:35
  Speaker 4: our first use case with elected officials we Opposition and
• 6:38
  Speaker 4: Peace and Georgia used it to host Tampa Proof poline
• 6:40
  Speaker 4: in the Georgian presidential elections.
• 6:43
  Speaker 1: Of course, if you go to Tovitalics blog, he made
• 6:46
  Speaker 1: a statement not too long ago that he'd be better
• 6:49
  Speaker 1: off for his safety not to be able to go
• 6:51
  Speaker 1: back to Russia again. So you know, it's interesting because
• 6:55
  Speaker 1: we're now starting to see a transition, and it's very
• 6:57
  Speaker 1: possible we could see this transition starting to take place.
• 7:01
  Speaker 1: Mass implementation of the digital ruble is now going live.
• 7:04
  Speaker 1: This will again on September first, so they're not necessarily
• 7:07
  Speaker 1: quitting on this. This is something they're really trying to push.
• 7:10
  Speaker 1: They're getting into the whole concept of pushing banks that
• 7:12
  Speaker 1: would be required to provide a lot of the clients
• 7:15
  Speaker 1: with the option to conduct transactions on the ruble. This
• 7:18
  Speaker 1: is all digital rubles starting September first. The other thing,
• 7:21
  Speaker 1: if you look at the milestones right here, you can
• 7:24
  Speaker 1: kind of see, you know, they started looking at crypto,
• 7:27
  Speaker 1: they faded away from it, and now they've started to
• 7:30
  Speaker 1: move into the pilot launched, which was in twenty twenty three.
• 7:34
  Speaker 1: It was thirteen banks and then now here we are
• 7:37
  Speaker 1: with another fifteen banks in twenty twenty four. Further in
• 7:40
  Speaker 1: the document is they're talking about how long this is
• 7:43
  Speaker 1: going to take, and really what it boils down to
• 7:46
  Speaker 1: is the key areas. This is going to take a
• 7:47
  Speaker 1: lot longer, about seven years to be able to implement this,
• 7:51
  Speaker 1: and the project itself is going to be slow, as
• 7:54
  Speaker 1: you can kind of see on that roadmap. So the
• 7:56
  Speaker 1: real question is is what is going to happen in
• 7:58
  Speaker 1: the meantime. Most likely that's where the limitation of stable
• 8:00
  Speaker 1: coins will start to play into this, and of course
• 8:03
  Speaker 1: that gets into all of the different banks that are
• 8:06
  Speaker 1: going to be involved. This is the largest companies in
• 8:08
  Speaker 1: Russia by market cap. Most likely we are going to
• 8:11
  Speaker 1: see more movement in this space. Spare Bank, which was
• 8:15
  Speaker 1: on the top there. They want you to hold your
• 8:17
  Speaker 1: crypto like a regular bank account. So this is already
• 8:19
  Speaker 1: starting to move in the direction of where crypto is
• 8:23
  Speaker 1: going and they don't necessarily have an alternative to it,
• 8:25
  Speaker 1: so it is going to be a US stable coin
• 8:27
  Speaker 1: of some sort. Will the Russians actually use it these banks?
• 8:31
  Speaker 1: I think not. What you're going to deal with is
• 8:33
  Speaker 1: most likely self custode, DEXes, et cetera. This will only
• 8:36
  Speaker 1: strengthen the potential use of stable coins that of course
• 8:40
  Speaker 1: all leans in on ethereum as a whole. So all
• 8:43
  Speaker 1: of this is still positive I think for the idea
• 8:47
  Speaker 1: of stable coins starting to hit the backstop of US
• 8:49
  Speaker 1: treasuries globally, and I think the Russian might be on
• 8:53
  Speaker 1: something here. The question is is what does this do
• 8:55
  Speaker 1: on ethereum. Well, right now Eth is still holding it
• 8:58
  Speaker 1: around forty two to eighty two, So we'll see how
• 9:00
  Speaker 1: it plays out in the coming few weeks. As we
• 9:03
  Speaker 1: start to move in with all the bullish things that
• 9:05
  Speaker 1: have been happening around in Eth, you would anticipate that
• 9:08
  Speaker 1: we're going to see a little bit of this. The
• 9:09
  Speaker 1: key here is fatigue. I think eventually there's going to
• 9:12
  Speaker 1: be less sellers and that's when I think we start
• 9:14
  Speaker 1: to see a run on Eth. All right, guys, if
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• 9:22
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• 9:24
  Speaker 1: week that kind of gives you guys an update on
• 9:26
  Speaker 1: additional research, my thoughts on where the market is heading.
• 9:30
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