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Mythos Launches!🔥Crypto Apocalypse Incoming?🔥 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: AI versus crypto. Today, we're going to break it down
• 0:02
  Speaker 1: to you. This could be one of the biggest impacts
• 0:04
  Speaker 1: on crypto yet. You'll understand why in a moment. One
• 0:07
  Speaker 1: of the first things though, that I would invite you
• 0:09
  Speaker 1: to do is get in on self custing and you'll
• 0:12
  Speaker 1: understand why in this episode.
• 0:14
  Speaker 2: Self custing may be one.
• 0:16
  Speaker 1: Of the few secure areas where your crypto will be safe.
• 0:20
  Speaker 1: Of course, you can check out Tangum. This is one
• 0:22
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• 0:27
  Speaker 1: This is seedless by design, which may be one of
• 0:31
  Speaker 1: the key features in the Tangum hardware wallet.
• 0:35
  Speaker 2: So use our code if you guys want to get
• 0:37
  Speaker 2: a discount on that.
• 0:38
  Speaker 1: Check it out, very easy to set up, super secure,
• 0:40
  Speaker 1: one of the best wallets out there to check out.
• 0:43
  Speaker 1: Even in light of what I'm about to tell you
• 0:45
  Speaker 1: and show you today, because there is a lot going
• 0:47
  Speaker 1: on right now here, it is Mythos has officially launched.
• 0:52
  Speaker 1: This is Claude Fable five. It is now out and
• 0:55
  Speaker 1: this is as of one oh eight pm on June ninth,
• 1:00
  Speaker 1: that as Skynet Day. I feel like you probably saw
• 1:03
  Speaker 1: the cover today. Well, this is the issue right now
• 1:06
  Speaker 1: because the potential for what this could do to crypto
• 1:10
  Speaker 1: and just in general open blockchains could be havoc in
• 1:15
  Speaker 1: the markets.
• 1:16
  Speaker 2: And I'll explain a little bit more.
• 1:17
  Speaker 1: Remember z Cash remember down nearly fifty percent after the
• 1:21
  Speaker 1: CEO confirmed the critical bug. Well, Claude Opus four point
• 1:25
  Speaker 1: eight was the one that did that. And remember Claude
• 1:29
  Speaker 1: four point eight was available to almost everybody. This wasn't
• 1:33
  Speaker 1: like some special AI that was available Formanthropic. This was
• 1:36
  Speaker 1: Claude four point eight, which was available on the open
• 1:40
  Speaker 1: access platform. That was what essentially did the z cash exploit.
• 1:45
  Speaker 1: And this is the problem that we're facing now. But
• 1:48
  Speaker 1: only one further and that is that Mythos of course
• 1:51
  Speaker 1: is launching. And if you look at where Mythos is
• 1:54
  Speaker 1: right now, I'll kind of zoom in on this just
• 1:56
  Speaker 1: to give you guys a better look at this. Here's
• 1:59
  Speaker 1: fable five versus four point eight. That third column over
• 2:03
  Speaker 1: agentic coding going up from sixty nine percent to eighty percent.
• 2:07
  Speaker 1: Big increase thirteen percent on agentic coding for Frontier, that's
• 2:11
  Speaker 1: a twenty nine percent. Now, knowledge work has increased, knowledge
• 2:15
  Speaker 1: work vision has increased, spatial reasoning is basically everything is
• 2:20
  Speaker 1: increasing in terms of performance, and this is the problem
• 2:24
  Speaker 1: that we are now dealing with because this will open
• 2:26
  Speaker 1: up a potential plethora of issues that could be facing
• 2:30
  Speaker 1: some of the biggest blockchains out there. We're going to
• 2:32
  Speaker 1: give you, guys a full analysis of what blockchains we
• 2:35
  Speaker 1: think could be resistant or at least right now. In
• 2:39
  Speaker 1: this right here, which was Project glass Wing. They initially
• 2:42
  Speaker 1: put this out to say, hey, we're going to do
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  Speaker 1: the Mythos preview.
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  Speaker 2: Well, this was the preview right here.
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  Speaker 1: The only problem is they actually launched on Mythos five
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  Speaker 1: fable five and it is now out, So this is
• 2:53
  Speaker 1: just released today as we're filming this. And remember Project
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  Speaker 1: glass Wing was really just an idea of being able
• 3:00
  Speaker 1: to warn developers open source projects what would be dealing with.
• 3:04
  Speaker 1: So far, Mythos found what they estimated at sixty two
• 3:08
  Speaker 1: hundred high or critical severity vulnerabilities in those projects out
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  Speaker 1: of twenty three thousand in total.
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  Speaker 2: Think about that, guys.
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  Speaker 1: Z cash could just be the tip of the tip
• 3:20
  Speaker 1: of the tip of the iceberg. That's the problem they
• 3:22
  Speaker 1: are facing right now. Look at this finding array right here.
• 3:26
  Speaker 1: This is kind of gives you an example of this,
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  Speaker 1: twenty three thousand findings, nineteen hundred were reviewed by external
• 3:31
  Speaker 1: security firms. All of this was reported and going into
• 3:36
  Speaker 1: these teams, but only eighty eight advisories were pulled out
• 3:39
  Speaker 1: of this, meaning that a lot of these teams, where
• 3:41
  Speaker 1: they're on GitHub, etc. They're not necessarily following all of
• 3:45
  Speaker 1: what's happening right now around a blockchain. Maybe they stopped
• 3:47
  Speaker 1: developing on six months ago, eight months ago. Now we're
• 3:50
  Speaker 1: dealing with this as a core critical step now of
• 3:54
  Speaker 1: keeping blockchains safe. This was the problem, and this is
• 3:58
  Speaker 1: what I voted for, which is master exploit cycles. This
• 4:01
  Speaker 1: is the one area that I am concerned around for
• 4:03
  Speaker 1: defive and this is going to get into a security
• 4:06
  Speaker 1: issue that most likely will start to affect So do
• 4:10
  Speaker 1: be on the lookout for some things that will start
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  Speaker 1: to hit the crypto market and maybe banking. We may
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  Speaker 1: see this across a variety of industries. With Mythos and
• 4:20
  Speaker 1: fable five. Here's again example of the Mythos mid to
• 4:23
  Speaker 1: late June release.
• 4:24
  Speaker 2: It's already out.
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  Speaker 1: If cadence is held, we could see another big release
• 4:30
  Speaker 1: in less really less than a month, because this is
• 4:32
  Speaker 1: ahead of schedule right now, launching on June ninth, so
• 4:36
  Speaker 1: they were actually ahead of schedules, so July could be
• 4:41
  Speaker 1: another major hit. So let's look at the blockchains and
• 4:44
  Speaker 1: the potentials for this.
• 4:45
  Speaker 3: Sue.
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  Speaker 1: Of course, we've seen having some problems if you start
• 4:49
  Speaker 1: to scan through some of their downtime issues. Granted they
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  Speaker 1: have started to address this. They're probably the one out
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  Speaker 1: there that is on the bleeding edge of this, but
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  Speaker 1: we just haven't seen anything coming at it like Mythos before.
• 5:02
  Speaker 1: So that is one to keep an eye on this.
• 5:04
  Speaker 1: Right here will get into what Evan and he's been
• 5:07
  Speaker 1: on our show. This is one of the founders of.
• 5:10
  Speaker 2: Suite. And remember these guys come over from Facebook. These
• 5:13
  Speaker 2: are not slapches. These guys are engineers that understand this.
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  Speaker 2: But here's what do you have to say.
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  Speaker 4: Take a look the gas list transaction. The downside of
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  Speaker 4: kind of that is we box we didn't catch a
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  Speaker 4: feature that went through multi months, about six months extensive
• 5:28
  Speaker 4: testing and still have this EDU case where it's calculating
• 5:31
  Speaker 4: gas led into an underflow that led to the other star,
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  Speaker 4: which is one of those scenarios that you basically impossible
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  Speaker 4: to simulate. Did you use some AI tools to help
• 5:43
  Speaker 4: you run through internally. We have all AI tools, it's
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  Speaker 4: not always right. You still need human to drive it.
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  Speaker 4: Fixing is another thing. The Harpie is always coordination.
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  Speaker 3: It's a title for having and I mean, if you know,
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  Speaker 3: there's no.
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  Speaker 4: Excuse for the outage. I made it very clear. It's
• 5:59
  Speaker 4: not a trade off. It's a requirement for you to
• 6:02
  Speaker 4: not have outreach. It's a process we learned. We're going
• 6:05
  Speaker 4: to make sure that doesn't happen again.
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  Speaker 1: Just be aware, guys, these kind of things are going
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  Speaker 1: to be challenging, not only like I said, not only crypto,
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  Speaker 1: but also devs within almost every imaginable company out there,
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  Speaker 1: including the banking system.
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  Speaker 2: So be on the lookout. We could see a major
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  Speaker 2: exploit there.
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  Speaker 1: One thing around a suite is remember the gas lit
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  Speaker 1: transactions were one of the attack factors that was circumvented
• 6:28
  Speaker 1: or at least in the problem where it brought the
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  Speaker 1: chain down. The other area is what they're dealing with
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  Speaker 1: confidential transfers right now.
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  Speaker 2: So there's three of those. If you look at those.
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  Speaker 1: Confidential amounts, transaction parties, and DeFi. All of these areas
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  Speaker 1: now are potential attack factors that we could see around
• 6:44
  Speaker 1: any of this, and again this goes with almost every
• 6:46
  Speaker 1: development that's happening out there in tech today. Other things
• 6:49
  Speaker 1: you have to look at is and I was even
• 6:52
  Speaker 1: surprised at this is remember the XRP ledger was down
• 6:56
  Speaker 1: in February of twenty twenty five, and that wasn't the
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  Speaker 1: only time. So these are to continue to be And
• 7:01
  Speaker 1: when I had one of the XRP devs on the
• 7:04
  Speaker 1: show when we went to the XRP Vegas event, this
• 7:07
  Speaker 1: was a direct question to him about this specifically, and
• 7:12
  Speaker 1: it was interesting because the tone got very serious and
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  Speaker 1: it wasn't even an issue of if it was like,
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  Speaker 1: this is the line in the sand for survival, and
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  Speaker 1: I would agree with that as we continue to see this.
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  Speaker 1: So from there I want to go over to Carl Vogel.
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  Speaker 1: He talks about where institutions will follow in regards to
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  Speaker 1: the impact of what AI exploits could do.
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  Speaker 3: Take a look, you're just going to see the quidy
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  Speaker 3: leave the system, and I don't see a near term
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  Speaker 3: catalyst for a reversal. I think generally Bitcoin has a
• 7:44
  Speaker 3: number of structural issues that it's facing. I think the
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  Speaker 3: fact there's not a clear strategy in place, it's just
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  Speaker 3: an overhang that needs institutions are going to go look
• 7:51
  Speaker 3: at other things instead of the crypto market that goes
• 7:54
  Speaker 3: up or down. You're really picking individual assets that are
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  Speaker 3: going to outperform in this type of conditions because there's
• 8:00
  Speaker 3: the new age and then there's the old age of assets.
• 8:02
  Speaker 3: It's salonas to lose, I would say at this point.
• 8:05
  Speaker 3: Mean Coins broke Solana a number of times where the
• 8:11
  Speaker 3: network needed to improve to handle the throughput, and so
• 8:14
  Speaker 3: because of that, it actually radically hardened the infrastructure and
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  Speaker 3: was one of the best test bets. So now if
• 8:19
  Speaker 3: you're looking to build somewhere again, it's going to work
• 8:22
  Speaker 3: and you're able to do one thousands of transactions per second,
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  Speaker 3: and that's been tested in production versus a lot of
• 8:28
  Speaker 3: these other newer networks I'm very excited by, but they
• 8:31
  Speaker 3: haven't had that same level of testing in production. Avalanche
• 8:34
  Speaker 3: is another institutional focus blockchain that has made enormous leaps.
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  Speaker 1: All right, So two blockchains that we've talked about a
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  Speaker 1: lot here on the networks AALTA if you just look
• 8:42
  Speaker 1: at their performance right now on status pages. With Salon,
• 8:46
  Speaker 1: I was a little surprised on this. If you start
• 8:48
  Speaker 1: scanned backwards and look at when the last deployment was
• 8:53
  Speaker 1: on main net in terms of a stoppage. I mean,
• 8:56
  Speaker 1: you go way back into twenty twenty three. And that's
• 8:59
  Speaker 1: exactly what the analyst was. What Voga was talking about,
• 9:02
  Speaker 1: is that we haven't seen this because of the hardening
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  Speaker 1: of the Salana network, because of what happened to the
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  Speaker 1: mean point.
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  Speaker 2: Now, that doesn't mean that this is going to.
• 9:10
  Speaker 1: Fix or be the one to watch here, but it
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  Speaker 1: does give them a bit of an edge to where
• 9:16
  Speaker 1: they can deal with what could be coming down the pipeline.
• 9:18
  Speaker 1: Avalanche is another one. The last one we saw there,
• 9:21
  Speaker 1: of course, was back where in February of twenty twenty
• 9:23
  Speaker 1: four we had the finalization stall that was resolved. Avalanche
• 9:27
  Speaker 1: being another one to kind of keep an eye on.
• 9:30
  Speaker 1: One other thing if you want to consider where is
• 9:32
  Speaker 1: safe when it comes to centralized exchange is remember guys coinbase,
• 9:36
  Speaker 1: which we love them, but they have had many, many
• 9:40
  Speaker 1: outages and if you look at September of twenty three,
• 9:43
  Speaker 1: they had the coinbase ethereum L two. This course went
• 9:46
  Speaker 1: down for approximately forty five minutes. You go into October
• 9:50
  Speaker 1: of twenty four, twenty five, there was March, September, August,
• 9:54
  Speaker 1: and then of course in twenty six we had May eighth,
• 9:56
  Speaker 1: which was the big one, five plus hours of outage,
• 10:00
  Speaker 1: which caused by physical infrastructure failure.
• 10:02
  Speaker 2: This was ABS and some of those things that affects this.
• 10:06
  Speaker 1: So that in itself is another concern is what could
• 10:09
  Speaker 1: happen on exchanges. Not necessarily saying that's a bad thing,
• 10:13
  Speaker 1: but this is an issue that all of these companies
• 10:16
  Speaker 1: are now facing with AI advancement, and we're going to
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  Speaker 1: see this more and more. It's not slowing down these projects,
• 10:22
  Speaker 1: and companies in all walks of industry when it comes
• 10:25
  Speaker 1: to tech, are going to have to become hardened in
• 10:28
  Speaker 1: being able to defend against this.
• 10:30
  Speaker 2: If you look at.
• 10:31
  Speaker 1: Lightning, because this was obviously with bitcoin, if you know
• 10:35
  Speaker 1: the Lightning network essentially is the transactional layer that gets
• 10:38
  Speaker 1: you more frequency there in terms of transactions, it looks
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  Speaker 1: as though this may be safe, or at least it
• 10:45
  Speaker 1: appears that way when you go into one of the
• 10:49
  Speaker 1: biggest analysts and devs in the Bitcoin network. I think
• 10:55
  Speaker 1: for the last decade, you've got to go listen to
• 10:57
  Speaker 1: what Paul Stortz is saying.
• 10:59
  Speaker 2: Take a look at this clip.
• 11:00
  Speaker 5: One example is that on Noster they have the zapp
• 11:04
  Speaker 5: and they have a lightning icon, and then it appears
• 11:07
  Speaker 5: to be a lightning transaction even though it is not
• 11:09
  Speaker 5: a lightning transaction in any way. But this is the
• 11:12
  Speaker 5: tip of the iceberg. Many many, many things they have
• 11:14
  Speaker 5: like the lightning icon or they have a lightning name,
• 11:17
  Speaker 5: but there's actually no lightning transaction taking place. Should work
• 11:20
  Speaker 5: if the channels are open, right, like you would think
• 11:22
  Speaker 5: that people don't even open a channel. So the channels
• 11:25
  Speaker 5: when you do, if you download the Custodia Lightning to
• 11:27
  Speaker 5: your phone and then someone sends you this happened to
• 11:29
  Speaker 5: me at an archipolco one year, you know I never
• 11:31
  Speaker 5: opened a channel. If you have to open a channel,
• 11:34
  Speaker 5: it requires L one transaction fee paid.
• 11:37
  Speaker 2: So there is no channels being open in US.
• 11:39
  Speaker 5: So then they say that this is just say this
• 11:42
  Speaker 5: is custodial lightning, but really it's just nothing. You don't
• 11:44
  Speaker 5: actually have four stacies on the lightning networking on L one.
• 11:48
  Speaker 5: The whole thing is fake.
• 11:49
  Speaker 1: That's what you learn.
• 11:50
  Speaker 5: If you dive into lightning, you'll just find that the
• 11:52
  Speaker 5: whole thing is fake. Actually it's one percent centralized corporation thing.
• 11:56
  Speaker 5: They just update the database entry and so, and then
• 11:59
  Speaker 5: someone like me says this whole thing is fake. They
• 12:01
  Speaker 5: just think, Ah, the guys, the guys a liear.
• 12:04
  Speaker 1: So when you consider what Paul was talking about, you've
• 12:06
  Speaker 1: got to look at micro strategy and of course Lightning
• 12:08
  Speaker 1: Network in general, because this is what could be uncovering
• 12:12
  Speaker 1: something that I don't think a lot of people were anticipating.
• 12:14
  Speaker 1: And if this gets into a scenario where he is right,
• 12:16
  Speaker 1: which is Lightning Network is not really processing real transactions.
• 12:21
  Speaker 1: So this could open up a bigger can of worms
• 12:24
  Speaker 1: really for micro strategy if this is exploited and it's
• 12:27
  Speaker 1: proven to what Paul stores was talking about right there,
• 12:30
  Speaker 1: and this of course affects micro strategy and Bitcoin in
• 12:33
  Speaker 1: a very very big way. So that could be an
• 12:36
  Speaker 1: attack vector that you need to be very close on.
• 12:38
  Speaker 1: Just as a reminder, here is the micro Strategy business
• 12:41
  Speaker 1: model of what they're trying to do. Bitcoin development, treasury,
• 12:44
  Speaker 1: that's what they're doing right now. The enterprise analytics, which
• 12:47
  Speaker 1: is their main strategy. This is really designed because of
• 12:51
  Speaker 1: the Lightning and involves the Lightning Network where it justifies
• 12:54
  Speaker 1: the payment premium, and that's the point I think if
• 12:56
  Speaker 1: this gets into a point where this would be at risk,
• 13:00
  Speaker 1: it eliminates anything trading above nav So that is a
• 13:03
  Speaker 1: problem for micro strategy in the long term, especially as
• 13:07
  Speaker 1: we start to see these exploits start to come into
• 13:09
  Speaker 1: the market. All right, So when we were reported this
• 13:12
  Speaker 1: quite some time ago, this was one of the areas
• 13:15
  Speaker 1: that we're most concerned with, and that was the release
• 13:18
  Speaker 1: of Mythos, which is now today. And remember all of
• 13:22
  Speaker 1: these companies that we're dealing with security issues, and that
• 13:27
  Speaker 1: is traditional companies. I mean, you're talking about CrowdStrike at
• 13:30
  Speaker 1: Palo Alto, Octa, Tenable, cloud Flare, all these companies that
• 13:35
  Speaker 1: were involved in and this is back to my point
• 13:38
  Speaker 1: is this is going to go beyond crypto. We're most
• 13:41
  Speaker 1: likely going to see this on critical infrastructure as well.
• 13:43
  Speaker 1: I'm talking about grids, you name it out there in
• 13:46
  Speaker 1: terms of municipalities, there's all kinds of things that could
• 13:49
  Speaker 1: be at risk. So be on the lookout, guys. There
• 13:52
  Speaker 1: could be some very unusual things hitting the market.
• 13:56
  Speaker 2: So what do you do. Well. One of the things
• 13:57
  Speaker 2: that I think when it.
• 13:58
  Speaker 1: Comes to digital assets to get around this is just
• 14:02
  Speaker 1: store it safely. And you know, if many of you
• 14:04
  Speaker 1: guys are using you know, self cussing wallets. One thing
• 14:08
  Speaker 1: you're probably used if you're on an Apple device is
• 14:10
  Speaker 1: you're probably utilizing iCloud. Maybe you're doing past keys. What
• 14:14
  Speaker 1: I would do is delete all your pass keys into
• 14:16
  Speaker 1: any of these assets, so there's no leverage in any
• 14:20
  Speaker 1: way where it requires biometric physical And if there's a
• 14:23
  Speaker 1: seedless solution out there, something like the Tangent product, then
• 14:27
  Speaker 1: go with that because these are the issues right now.
• 14:29
  Speaker 1: Use a hardware wallet, keep your seed phrase offline, keep
• 14:32
  Speaker 1: it secure, use a secure physical storage, always on security
• 14:36
  Speaker 1: like that, Separate access from storage another factor, test recovery
• 14:41
  Speaker 1: before trusting it, and then limit your exposure.
• 14:44
  Speaker 2: Move this around. If you have the ability or the
• 14:46
  Speaker 2: to kind of have multiple wallets, do that.
• 14:49
  Speaker 1: Treat every device as a security boundary. I know this
• 14:53
  Speaker 1: is this is going to happen around bank accounts, It's
• 14:56
  Speaker 1: going to happen into your four oh one ks, all
• 14:59
  Speaker 1: of your exchange, all those kind of things. Security is
• 15:02
  Speaker 1: paramount right now with what we will see coming at
• 15:07
  Speaker 1: this new world. So we're going to cover this in
• 15:09
  Speaker 1: much much more as things resolve out here, So stay
• 15:13
  Speaker 1: tuned if you like this video like and subscribe, drop
• 15:22
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• 15:26
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