1 00:00:00.000 --> 00:00:01.980 Johny Fernandez: I'm Johny Fernandez. We're trying to 2 00:00:01.980 --> 00:00:03.990 figure out how to do this thing again. It's been a while. Yeah, 3 00:00:04.320 --> 00:00:07.800 it's been almost not almost a year. It's been since last year 4 00:00:08.070 --> 00:00:08.880 Sean Murray: Since last year 5 00:00:08.880 --> 00:00:11.490 Johny Fernandez: It has. Well, I'm happy to be back, Sean. 6 00:00:11.820 --> 00:00:16.680 Happy holidays. Happy New Year. We're starting 2022 strong. 7 00:00:16.710 --> 00:00:18.000 Sean Murray: Yup, it's happening. 8 00:00:18.030 --> 00:00:20.910 Johny Fernandez: It's happening. We're here. I'm excited. We have 9 00:00:20.910 --> 00:00:23.700 a bunch of stuff to get through today. But first, I want to ask 10 00:00:23.700 --> 00:00:24.390 you, how are you? 11 00:00:25.170 --> 00:00:27.060 Sean Murray: Doing pretty well. Doing pretty well? Nice. Yeah. 12 00:00:27.060 --> 00:00:27.750 How about yourself? 13 00:00:27.780 --> 00:00:29.460 Johny Fernandez: Doing well can't complain, you know, just 14 00:00:29.460 --> 00:00:31.890 trying to get back into the swing of things, trying to make 15 00:00:31.890 --> 00:00:33.570 this the year. 16 00:00:34.890 --> 00:00:35.730 Sean Murray: The year of Johnny, 17 00:00:36.300 --> 00:00:37.290 Johny Fernandez: Johnny's year 18 00:00:37.740 --> 00:00:40.230 Sean Murray: Reminds me of a Seinfeld episode. The summer of 19 00:00:40.230 --> 00:00:42.960 George the summer. I've never seen Seinfeld this was supposed 20 00:00:42.960 --> 00:00:44.310 to be the summer of George. 21 00:00:44.460 --> 00:00:47.100 Johny Fernandez: I say that I said every summer, though. 22 00:00:48.000 --> 00:00:49.950 Sean Murray: Really? It's yeah, the summer of Johnny. 23 00:00:50.010 --> 00:00:54.120 Johny Fernandez: Yeah. And I say that Johnny spring. Pretty much 24 00:00:54.120 --> 00:00:55.020 the whole year is my year. 25 00:00:55.470 --> 00:00:57.060 Sean Murray: All right. Well, we'll see how this year shapes 26 00:00:57.060 --> 00:00:59.310 up for you. A lot of potential right now. 27 00:00:59.370 --> 00:01:00.780 Johny Fernandez: First thing I got a haircut. 28 00:01:01.290 --> 00:01:03.210 Sean Murray: Yes. You got Johnny Bravo, 29 00:01:03.240 --> 00:01:05.610 Johny Fernandez: Johnny Bravo over here. Johnny Bravo bringing 30 00:01:05.610 --> 00:01:09.960 you the news on deBanked. TV. Alright, so let's start with 31 00:01:09.990 --> 00:01:16.440 Daily Funder in 2021. We have reported, and we found that we 32 00:01:16.440 --> 00:01:20.490 surpass 2 million annual pageviews. Congratulations. 33 00:01:21.120 --> 00:01:23.400 Sean Murray: Thank you. Thank you take a picture. Yeah, so 34 00:01:23.430 --> 00:01:26.220 this number is actually on par with where we were the year 35 00:01:26.220 --> 00:01:30.630 before. Okay. So we typically do 2 million plus pageviews per 36 00:01:30.630 --> 00:01:34.200 year on daily funder. And so this is just, you know, 37 00:01:34.230 --> 00:01:37.740 affirmation, reaffirmation that Daily Funder continues to 38 00:01:37.740 --> 00:01:41.280 provide a valuable service to the non bank, Small Business 39 00:01:41.280 --> 00:01:45.510 Finance community. Yup. We do have a lot of people who post on 40 00:01:45.510 --> 00:01:49.890 there, that's for sure, but also a lot more who don't post on 41 00:01:49.890 --> 00:01:52.680 there. Like, if you go on to the forum, you'll see that there's 42 00:01:52.680 --> 00:01:55.020 activity on there every day, but what you don't see is all the 43 00:01:55.020 --> 00:01:58.260 people who are who are looking at each individual thread. Yeah, 44 00:01:58.290 --> 00:02:01.380 what does it all add up to add up to it adds up to millions of 45 00:02:01.380 --> 00:02:05.130 page views on the site each year. And what's interesting 46 00:02:05.130 --> 00:02:09.990 about that is, we're not optimizing for page views. When 47 00:02:09.990 --> 00:02:13.980 you hear like a Silicon Valley Tech company, give you stats on 48 00:02:13.980 --> 00:02:17.730 like page views, they're optimizing for that number, they 49 00:02:17.730 --> 00:02:21.060 set out a goal, how do we reach a certain amount of page views 50 00:02:21.120 --> 00:02:23.970 to generate a certain amount of impressions, you know, for ads, 51 00:02:24.030 --> 00:02:27.270 and so forth? Right? So they they do what they can to inflate 52 00:02:27.270 --> 00:02:30.660 that number? Yeah, we don't do that. We don't have a goal of 53 00:02:30.720 --> 00:02:34.140 how do we inflate the pageviews so that we can go turn around 54 00:02:34.140 --> 00:02:36.780 and tell somebody else? You know, look how many we got, 55 00:02:36.810 --> 00:02:40.080 therefore pay us X amount of dollars. Yeah. So this is like a 56 00:02:40.110 --> 00:02:45.570 naturally organic figure, a true snapshot of what people are 57 00:02:45.570 --> 00:02:48.030 clicking on in a given year, and it amounts to more than 2 58 00:02:48.030 --> 00:02:50.100 billion in the end of the year. And it's just like the year 59 00:02:50.100 --> 00:02:53.130 before, it shows that the industry isn't slowing down. 60 00:02:53.160 --> 00:02:55.920 Johny Fernandez: Yeah. So for the people that are impatient 61 00:02:55.920 --> 00:02:59.070 and think you can get to this amount of views in a year. How 62 00:02:59.070 --> 00:03:01.770 long did it take you to gain this much momentum? 63 00:03:02.010 --> 00:03:04.230 Sean Murray: Oh, you know, I don't, you know, I haven't 64 00:03:04.230 --> 00:03:06.660 looked at that stat. I haven't looked at the trajectory, the 65 00:03:06.660 --> 00:03:11.940 trajectory to get to 2 million per year. But you know, this 66 00:03:11.940 --> 00:03:16.680 form really started to pick up, you know, around like 2016, 2017 67 00:03:16.680 --> 00:03:20.250 or so. Yeah. So we've been, we've been at pretty high level 68 00:03:20.280 --> 00:03:25.320 for more than five years. Yeah. The trick with a social network 69 00:03:25.320 --> 00:03:29.220 is that you got to have everybody else on it. Because 70 00:03:29.370 --> 00:03:32.640 you can't just recruit users to the site. And they're not their 71 00:03:32.640 --> 00:03:36.030 friends not be on the site. Right. So the trick is that you 72 00:03:36.030 --> 00:03:39.450 have to kind of get everyone and their circle on the site at the 73 00:03:39.450 --> 00:03:42.480 same time. Yeah. So it's not just a matter of how quick can 74 00:03:42.480 --> 00:03:45.750 you get the pageviews? In general, when you're building 75 00:03:45.750 --> 00:03:48.060 like a social network of community, it's about how 76 00:03:48.060 --> 00:03:50.370 quickly can you get someone's friends to join with them so 77 00:03:50.370 --> 00:03:52.710 that that user doesn't immediately leave after they 78 00:03:52.710 --> 00:03:55.560 join? Yeah, because if Facebook, if you joined Facebook, and you 79 00:03:55.560 --> 00:03:57.450 didn't know anyone on there, how much longer would you stay on 80 00:03:57.450 --> 00:03:57.930 Facebook? 81 00:03:58.350 --> 00:03:59.820 Johny Fernandez: You're not gonna stay there too long. 82 00:03:59.850 --> 00:04:01.950 Sean Murray: Like I don't you know, I tried it. You know, 83 00:04:01.950 --> 00:04:04.230 Johny Fernandez: It was okay. It was okay. But you know, I could 84 00:04:04.230 --> 00:04:08.190 I've been on websites or apps. I don't know anyone. And you can 85 00:04:08.190 --> 00:04:10.530 kind of meet people, but it's like, oh, I want like someone 86 00:04:10.530 --> 00:04:14.880 that I know that I have a group of people. Yeah. Yeah. So but 87 00:04:14.880 --> 00:04:17.580 that's how Facebook was in the beginning. remember? I remember. 88 00:04:17.630 --> 00:04:20.180 Sean Murray: Yeah. Well, when I first joined Facebook, you know, 89 00:04:20.180 --> 00:04:23.540 it's 22 years ago. It was actually 18 years ago. I only 90 00:04:23.540 --> 00:04:25.910 know that because I got an anniversary pop up on my 91 00:04:25.910 --> 00:04:30.530 Facebook, my personal Facebook and I, I shared it. And I was 92 00:04:30.530 --> 00:04:32.750 like darn, you Facebook for reminding me how long I've been 93 00:04:32.750 --> 00:04:35.540 on here. It's been but I've been on Facebook for 18 years. 94 00:04:38.160 --> 00:04:39.330 Johny Fernandez: That's good. That's good. But 95 00:04:39.330 --> 00:04:40.710 Sean Murray: But yeah, it's called it's called the network 96 00:04:40.710 --> 00:04:44.400 effect. You gotta have your network on the on the platform. 97 00:04:44.580 --> 00:04:48.630 And if you do that automatically creates, you know, organic kind 98 00:04:48.630 --> 00:04:51.690 of exponential growth all by itself by achieving that network 99 00:04:51.690 --> 00:04:53.880 effect. That's the most challenging part about a social 100 00:04:53.880 --> 00:04:56.820 network. Just happened to be you know, right time, right place. 101 00:04:57.720 --> 00:05:02.100 People wanted this type of dialogue online and Daily Funder 102 00:05:02.100 --> 00:05:03.630 was a perfect place to have it, 103 00:05:03.720 --> 00:05:04.800 Johny Fernandez: Especially for the industry because the 104 00:05:04.800 --> 00:05:08.580 industry is very unique. And there's not anything like this. 105 00:05:08.610 --> 00:05:10.710 Yeah, anywhere else. Yeah. I mean, you can try other website 106 00:05:10.710 --> 00:05:13.620 like Reddit, but it's not the same. It's not specifically for 107 00:05:13.620 --> 00:05:14.100 the industry. 108 00:05:14.130 --> 00:05:17.460 Sean Murray: Exactly. It's this one is particularly for of a 109 00:05:17.460 --> 00:05:20.430 small business finance industry. I know some people are, like all 110 00:05:20.430 --> 00:05:23.400 about MCA on there. And that's certainly a big part of it. But 111 00:05:23.400 --> 00:05:26.310 it really is small business finance in general. And that's 112 00:05:26.310 --> 00:05:29.820 been one of one of the key ingredients to making it 113 00:05:29.820 --> 00:05:34.050 successful. Just focusing on a key niche. Yeah. And also, 114 00:05:34.320 --> 00:05:36.990 because we're independent, we're not owned by like a funding 115 00:05:36.990 --> 00:05:42.060 company or something. We don't, we don't have that incentive to 116 00:05:42.060 --> 00:05:45.840 try to drive these users to whatever our secret business is, 117 00:05:45.870 --> 00:05:47.760 you know what I mean, we're not like, at the end of the day, we 118 00:05:47.760 --> 00:05:50.640 want all the users to send us deals, because we don't do any 119 00:05:50.640 --> 00:05:54.720 of that. Yeah. So I think that had anyone else been where we 120 00:05:54.720 --> 00:05:58.320 were years ago, when they started the site. I think it 121 00:05:58.320 --> 00:06:00.960 would have been easy to have started, like a funding company 122 00:06:01.110 --> 00:06:05.190 and use the site to harvest Yeah, those users to try to 123 00:06:05.190 --> 00:06:08.910 build your individual financial funding company. That was never 124 00:06:08.940 --> 00:06:12.570 my objective or agenda. You know, we've kept it pure, and 125 00:06:13.080 --> 00:06:15.930 we're happy to have kept it a valuable service to the 126 00:06:15.930 --> 00:06:16.470 community. 127 00:06:16.620 --> 00:06:18.480 Johny Fernandez: Yeah, no, it's great. It's great to it's great 128 00:06:18.480 --> 00:06:20.730 to see that. And it's great to see so many people using 129 00:06:20.760 --> 00:06:24.300 especially, you know, it's such a unique community and the 130 00:06:24.300 --> 00:06:27.390 interactions that you can get people you can meet it's, it's 131 00:06:27.780 --> 00:06:30.600 sometimes it's fun. Sometimes it's not, but it's a great 132 00:06:30.600 --> 00:06:32.220 source, for sure. Resource. 133 00:06:32.250 --> 00:06:33.030 Sean Murray: Mm hmm. 134 00:06:33.660 --> 00:06:36.210 Johny Fernandez: So the next question I have for you, okay, 135 00:06:36.270 --> 00:06:39.060 is what would you do with $96 billion? 136 00:06:39.840 --> 00:06:41.160 Sean Murray: What would I do with $96 billion? 137 00:06:41.580 --> 00:06:42.780 Johny Fernandez: would be billions, 138 00:06:42.810 --> 00:06:45.090 Sean Murray: I well I probably wouldn't be in here. I wouldn't 139 00:06:45.090 --> 00:06:48.300 be sitting in the room. $96 billion. What would you do? 140 00:06:51.270 --> 00:06:51.990 Johny Fernandez: I don't even know. 141 00:06:53.700 --> 00:06:55.770 Sean Murray: Your mind literally just went to a place. 142 00:06:56.010 --> 00:06:58.380 Johny Fernandez: I'm like, what would I do with that much? The 143 00:06:58.380 --> 00:07:00.780 one thing that comes to mind is like, I'd probably invest in 144 00:07:00.780 --> 00:07:03.330 real estate. As a real estate agent. That's probably where I 145 00:07:03.330 --> 00:07:05.490 would put my money. Yeah. And then make more money. 146 00:07:05.700 --> 00:07:07.500 Sean Murray: 96. Bill, but, but 147 00:07:07.500 --> 00:07:10.500 Johny Fernandez: Yeah, like, he maybe can buy a couple a 148 00:07:10.500 --> 00:07:13.260 continent like, yeah, I don't know. Like that. That's, that's, 149 00:07:13.260 --> 00:07:17.010 uh, I don't know. So you don't know. And I don't know. Well, 150 00:07:17.040 --> 00:07:22.650 so. We're going to talk about the CEO, He's based in Asia 151 00:07:23.430 --> 00:07:27.660 Binance. His name is Changpeng 152 00:07:29.130 --> 00:07:30.180 Sean Murray: I don't know how to pronounce it. 153 00:07:30.180 --> 00:07:32.640 Johny Fernandez: Changpeng Zhao. Okay. All right, we're trying 154 00:07:32.640 --> 00:07:34.410 our best here with pronunciation. He's worth an 155 00:07:34.410 --> 00:07:38.010 estimated nine $6 billion. Now, this is all according to 156 00:07:38.010 --> 00:07:42.780 Bloomberg that he exceeds to be one of the richest person in 157 00:07:42.810 --> 00:07:47.970 Asia. But this figure of $96 billion does not include his 158 00:07:47.970 --> 00:07:51.930 personal crypto holdings. So they're saying that it can he 159 00:07:51.930 --> 00:07:55.950 can be worth even more than just $96 billion. This may not even 160 00:07:55.950 --> 00:08:00.690 be the surface of what he's right, what he's worth. And, you 161 00:08:00.690 --> 00:08:04.680 know, to his company, it's the world's largest cryptocurrency 162 00:08:04.680 --> 00:08:09.600 exchange with a 24 hour trading volume of $106 billion as of 163 00:08:09.600 --> 00:08:13.500 January 6, according to CoinGecko, and it's generated at 164 00:08:13.500 --> 00:08:17.970 least 20 billion in revenue last year, according to Bloomberg $96 165 00:08:17.970 --> 00:08:19.260 billion. That's wild. 166 00:08:19.290 --> 00:08:22.020 Sean Murray: Yeah. Have You Ever Have you ever used by Binance 167 00:08:22.020 --> 00:08:22.470 before? 168 00:08:22.500 --> 00:08:24.450 Johny Fernandez: I've not used not used Binance before have 169 00:08:24.450 --> 00:08:24.660 you? 170 00:08:25.320 --> 00:08:29.730 Sean Murray: So I have for a journalistic experiment a few 171 00:08:29.730 --> 00:08:32.760 years ago, probably had to be like, maybe it was 2017. Okay, 172 00:08:32.760 --> 00:08:36.810 that's five years ago now. So they have two different versions 173 00:08:36.810 --> 00:08:40.020 they're the they're the one that's offshore. There's binance 174 00:08:40.020 --> 00:08:44.040 US, which is in the US and finance. The offshore one is the 175 00:08:44.040 --> 00:08:46.230 one that everyone's talking about. That's like the major 176 00:08:46.230 --> 00:08:49.530 one. If you're in the US, you're not supposed to be able to use 177 00:08:49.590 --> 00:08:53.160 that one. Yeah, yeah. So the reason we're bringing this up, 178 00:08:53.190 --> 00:08:56.070 because supposedly not including his crypto holdings, he may 179 00:08:56.070 --> 00:08:58.920 already be like the 11th, richest person in the in the 180 00:08:58.920 --> 00:09:04.050 whole world. And you know that to me, that number, it sounds 181 00:09:05.700 --> 00:09:09.450 it's great. An entrepreneur can make so much money by being at 182 00:09:09.450 --> 00:09:12.240 the forefront of technology, revolution, all that stuff. But 183 00:09:12.240 --> 00:09:15.570 something something funny, yeah. About that whole thing. Yeah. 184 00:09:15.600 --> 00:09:18.390 That Binance not just the company, because right, the 185 00:09:18.390 --> 00:09:23.310 company surely has value too Yeah, he and he himself is worth 186 00:09:23.760 --> 00:09:28.230 96 billion, not including his crypto. That's a lot of value to 187 00:09:28.230 --> 00:09:31.950 extract. Yeah. And you have to wonder you know I'm just 188 00:09:31.950 --> 00:09:38.100 speculating here. If the users on the site are perhaps 189 00:09:38.100 --> 00:09:43.380 sacrificing more in fees than is really necessary. Yeah. For if 190 00:09:43.380 --> 00:09:46.650 the CEO has been able, he's only 44 If the CEO has been able to 191 00:09:46.650 --> 00:09:50.100 amass 96 billion not including his crypto holdings in just a 192 00:09:50.100 --> 00:09:53.790 few years. Sure. He's certainly a genius. But that number, 193 00:09:53.820 --> 00:09:58.230 something about that number seems off to me. And I'm like, 194 00:09:58.230 --> 00:10:01.050 is this normal? You know, I mean, like Hey, how can I 195 00:10:01.050 --> 00:10:06.720 normal? Well, it's not normal, but among his peers, right? The 196 00:10:07.350 --> 00:10:10.110 two competitors, the Coinbase CEO, Brian Armstrong is 197 00:10:10.110 --> 00:10:15.570 apparently worked 8.9 billion, and the CEO of FTX is worth 15.4 198 00:10:15.570 --> 00:10:16.830 billion. So you take, 199 00:10:17.010 --> 00:10:21.420 Johny Fernandez: But I'm going to cut off on that, because 96 200 00:10:21.450 --> 00:10:25.170 billion, doesn't even really compare to any of these guys. I 201 00:10:25.170 --> 00:10:25.620 think so. 202 00:10:25.650 --> 00:10:28.140 Sean Murray: Okay, you're right. But we have to consider we have 203 00:10:28.140 --> 00:10:32.850 to consider just the context, that the CEOs of these companies 204 00:10:32.940 --> 00:10:38.850 are worth 10s of billions, right. Then Then there's the 205 00:10:38.850 --> 00:10:41.250 company's value. That is all the people who work for the company, 206 00:10:41.250 --> 00:10:44.610 right. So these companies are making combined hundreds of 207 00:10:44.610 --> 00:10:47.010 billions of dollars creating hundreds of billions of dollars 208 00:10:47.010 --> 00:10:49.800 worth of value, correct. I think that is something's wrong with 209 00:10:49.800 --> 00:10:54.360 these numbers. Yeah, it's too high. Yeah, it's, it's, how 210 00:10:54.360 --> 00:10:58.470 could they be extracting that much value from this market? 211 00:10:58.740 --> 00:11:01.950 Because you have to wonder who's getting rich in crypto. Right 212 00:11:01.950 --> 00:11:04.500 now it's a bear market in the crypto market, right? Ethereum 213 00:11:04.500 --> 00:11:10.650 Diplo $3,000. Today, Bitcoin just dipped under 40k. And a lot 214 00:11:10.650 --> 00:11:14.190 of people in the crypto industry, how are they investing 215 00:11:14.190 --> 00:11:17.430 in crypto they're holding or, you know, Bitcoin or Ethereum, 216 00:11:17.430 --> 00:11:19.620 you know, and all the different tokens and stuff. 217 00:11:19.650 --> 00:11:21.690 Johny Fernandez: But to backtrack, because a lot of you 218 00:11:21.690 --> 00:11:23.610 know, a lot of people are in crypto and those that are not in 219 00:11:23.610 --> 00:11:27.360 crypto. So when you say that, that it's a bear market now, 220 00:11:27.600 --> 00:11:29.400 quick synopsis. What does that mean? 221 00:11:29.820 --> 00:11:32.730 Sean Murray: It just means that all the values of all the coins 222 00:11:32.730 --> 00:11:35.640 and tokens are going down like bitcoins all time high was 223 00:11:35.640 --> 00:11:36.630 69,000. 224 00:11:36.660 --> 00:11:38.700 Johny Fernandez: So you're you're questioning how are they 225 00:11:38.700 --> 00:11:41.010 being so much money if the market isn't 226 00:11:41.070 --> 00:11:43.530 Sean Murray: No I'm not I'm not questioning that I'm saying that 227 00:11:43.530 --> 00:11:46.440 the average person investing in crypto is just holding the 228 00:11:46.440 --> 00:11:49.710 coins? Yeah, right. And some people have lost a lot of money. 229 00:11:50.070 --> 00:11:53.940 But the CEOs of exchanges, yeah, are making collectively more 230 00:11:53.940 --> 00:11:58.620 than $100 billion. So it sounds like you take all the people who 231 00:11:58.620 --> 00:12:02.610 are losing money in crypto. And then where did where did it all 232 00:12:02.610 --> 00:12:07.110 go? Well, it's pretty easy to see. History. See just the CEOs 233 00:12:07.110 --> 00:12:09.210 forget about all the other executives, surely they made a 234 00:12:09.210 --> 00:12:12.540 lot of money too the CEOs of these three crypto exchanges 235 00:12:12.540 --> 00:12:16.140 that made more than $100 billion in personal wealth for 236 00:12:16.140 --> 00:12:20.100 themselves. But this is this, this is what it tells me. Go 237 00:12:20.100 --> 00:12:22.740 ahead. holding crypto is not the way to make money. If you 238 00:12:22.740 --> 00:12:25.650 hold a crypto and hope it goes up, you're doing it wrong. The 239 00:12:25.650 --> 00:12:28.590 way to do it is to run a crypto company, these guys have made 240 00:12:28.590 --> 00:12:32.490 hundreds of billions of dollars combined. And all they're doing 241 00:12:32.490 --> 00:12:34.680 is extracting the value from the people who are holding the 242 00:12:34.680 --> 00:12:35.130 coins. 243 00:12:35.160 --> 00:12:39.300 Johny Fernandez: So my question is what, I've never even seen a 244 00:12:39.300 --> 00:12:43.560 billion dollars in my bank account. So 96 or 15 or 20 245 00:12:43.560 --> 00:12:46.740 billion, like, what do you even do with that much money? 246 00:12:47.310 --> 00:12:48.750 Sean Murray: I mean, I don't know what you do with the money. 247 00:12:48.750 --> 00:12:50.790 But I'm just saying in general, if people are like, Oh, well, it 248 00:12:50.790 --> 00:12:54.030 sounds great. You know, what crypto should I buy? Don't buy 249 00:12:54.030 --> 00:12:55.890 any of them. Because the only people making money are the 250 00:12:55.890 --> 00:12:58.680 people who are selling you the Cryptos. Yeah. So you want to be 251 00:12:58.680 --> 00:13:00.660 the guy selling the crypto, you don't wanna be the one buying 252 00:13:00.660 --> 00:13:04.080 into? Yeah, no, I mean, like the exchange, not like buying crypto 253 00:13:04.080 --> 00:13:06.510 to sell to someone for more. I mean, you want to run the 254 00:13:06.510 --> 00:13:09.000 exchange, you want to be the crypto company, not the guy 255 00:13:09.000 --> 00:13:12.240 holding the token hope hoping it goes up. Because that guy had to 256 00:13:12.240 --> 00:13:15.540 make $100 billion. The guy running a crypto exchange made 257 00:13:15.540 --> 00:13:19.260 $100 million. Yeah. He doesn't care if it goes up or down. 258 00:13:19.470 --> 00:13:21.540 Bitcoin could be worth $1. He doesn't care he's still worth 259 00:13:21.540 --> 00:13:25.170 100 million. He doesn't care about all your losses. Yeah, 260 00:13:25.200 --> 00:13:27.570 well, I'm just speculating, maybe he does. Personally, I 261 00:13:27.570 --> 00:13:30.180 don't want to assign any type of, you know, emotions to him. 262 00:13:30.180 --> 00:13:32.280 But I'm just saying in general, this is what people should be 263 00:13:32.280 --> 00:13:34.620 thinking about in the crypto market. These numbers don't make 264 00:13:34.620 --> 00:13:39.090 sense. To me, that's too much value extracted. It means that 265 00:13:39.090 --> 00:13:43.350 there's a major inefficiency in the market that is being 266 00:13:43.350 --> 00:13:46.920 exploited. And the person the people holding the tokens hoping 267 00:13:46.920 --> 00:13:50.220 they go up are the weakest link in the entire chain. While the 268 00:13:50.220 --> 00:13:53.580 people who run the exchanges are literally making hundreds of 269 00:13:53.580 --> 00:13:55.050 billions of dollars. 270 00:13:56.460 --> 00:13:58.530 Johny Fernandez: I'm not, I'm not gonna say much because I'll 271 00:13:58.530 --> 00:14:02.550 be very frank with you. I am not buying into crypto at the 272 00:14:02.550 --> 00:14:06.780 moment. I was I never bought into crypto but I have seen 273 00:14:06.780 --> 00:14:14.100 like, you know, the obsession with it. And I've seen that, you 274 00:14:14.100 --> 00:14:17.940 know, people are holding on to a lot of people dumped their life 275 00:14:17.940 --> 00:14:19.920 savings. It's just a very in 276 00:14:19.920 --> 00:14:22.170 Sean Murray: And where do they go. We know where it is. 277 00:14:22.200 --> 00:14:25.590 Johny Fernandez: Yeah. And literally like, like, Hey, I'm 278 00:14:25.590 --> 00:14:28.080 gonna be a millionaire. Cause I have all my money in crypto. 279 00:14:28.080 --> 00:14:30.600 Sean Murray: No these guys are gonna be millionaires the person 280 00:14:30.600 --> 00:14:33.120 holding the token is not going to be the millionaire. Yeah. So 281 00:14:33.690 --> 00:14:36.750 Johny Fernandez: Yeah. So. It's, it's true. So that's how I'm not 282 00:14:36.750 --> 00:14:40.830 saying much. I'm letting you speak because I my area of 283 00:14:40.830 --> 00:14:43.680 expertise is not in cryptocurrency. But it's very 284 00:14:43.680 --> 00:14:45.540 interesting because numbers never lie. That's it. 285 00:14:45.990 --> 00:14:47.970 Sean Murray: I would want to be the guy if I would, I would 286 00:14:48.030 --> 00:14:50.130 create a crypto exchange don't buy a token. 287 00:14:50.190 --> 00:14:51.480 Johny Fernandez: Yeah. And that is good to know. 288 00:14:51.510 --> 00:14:53.430 Sean Murray: Save your money and start a crypto exchange make 289 00:14:53.430 --> 00:14:56.610 hundreds of billions and sell tokens to other people. Yeah, 290 00:14:56.670 --> 00:14:57.360 that's how it works. 291 00:14:57.390 --> 00:15:00.540 Johny Fernandez: Yeah. And make money. So speaking of making 292 00:15:00.540 --> 00:15:03.780 money saving money. The next topic of conversation were gonna 293 00:15:03.810 --> 00:15:08.790 jump into is the New York commercial financing disclosure 294 00:15:08.790 --> 00:15:11.790 law. So that has been a big topic. We spoke about it last 295 00:15:11.790 --> 00:15:14.550 year, we spoke about it at Broker Fair. It was supposed to 296 00:15:14.550 --> 00:15:18.480 intended to go into effect at the start of the month. But 297 00:15:18.630 --> 00:15:19.770 there has been another delay. 298 00:15:19.980 --> 00:15:22.380 Sean Murray: Yeah, well, it was originally right. The New York 299 00:15:22.380 --> 00:15:25.200 financing the New York commercial financing disclosure 300 00:15:25.200 --> 00:15:29.010 law was supposed to go into effect starting January 1. 301 00:15:29.130 --> 00:15:32.730 However, at the end of last year, I think around, what was 302 00:15:32.730 --> 00:15:37.320 it October, November, they reached the conclusion that they 303 00:15:37.320 --> 00:15:40.170 were going to give everyone a six month break, because they 304 00:15:40.170 --> 00:15:43.470 know that they hadn't given anyone enough time to start 305 00:15:43.470 --> 00:15:46.080 implementing all the different requirements. Also, they didn't 306 00:15:46.080 --> 00:15:48.570 let anyone know what all the requirements were. Correct. They 307 00:15:48.570 --> 00:15:52.470 had put out a proposal. They had solicited feedback on the 308 00:15:52.470 --> 00:15:55.890 proposal, it seemed like they were confident that what they 309 00:15:55.890 --> 00:15:58.620 had proposed was just going to be the law. That's what it 310 00:15:58.620 --> 00:16:02.340 seemed like, yeah. And there was all these there was all these 311 00:16:02.340 --> 00:16:05.970 mix ups about they closed off feedback, remember? 312 00:16:06.000 --> 00:16:09.180 Johny Fernandez: Yeah, they were people, people did not know 313 00:16:09.180 --> 00:16:12.060 when, when to comment. They didn't know where to comment. 314 00:16:12.300 --> 00:16:16.950 You know, some of the people that were, you know, in 315 00:16:16.980 --> 00:16:20.370 government were just confused in general, other people didn't 316 00:16:20.370 --> 00:16:23.910 know what's going on. So it was a big, massive confusion. But we 317 00:16:23.910 --> 00:16:27.030 do know that yeah, comments will be on the proposed regulation 318 00:16:27.060 --> 00:16:31.440 will be accepted through December 20. So yeah, December 319 00:16:31.440 --> 00:16:31.980 20 right. 320 00:16:32.370 --> 00:16:33.840 Sean Murray: So they were accepted. Yeah. 321 00:16:33.840 --> 00:16:35.880 So they won't be accepted until December 20. 322 00:16:35.910 --> 00:16:37.200 They were last year last year. 323 00:16:37.200 --> 00:16:40.380 Johny Fernandez: Correct. We're still we're in 2022. Last year, 324 00:16:40.410 --> 00:16:44.880 and now there's, you know, it's delayed again. Yeah. So you're 325 00:16:44.880 --> 00:16:48.840 not a lawyer. I'm not a lawyer. We are not lawyers, again. So to 326 00:16:48.840 --> 00:16:54.000 emphasize on that. But what does this mean? It was delayed again. 327 00:16:54.510 --> 00:16:57.000 Sean Murray: So what's unique about this particular delay is 328 00:16:57.030 --> 00:16:59.610 that they did not give a date for when the law itself will be 329 00:16:59.640 --> 00:17:07.200 implemented? This, this change was put out on December 31st. I 330 00:17:07.200 --> 00:17:09.900 don't even know if it's up on the New York State website yet. 331 00:17:10.710 --> 00:17:14.490 Basically, the I think the Deputy Superintendent sent out a 332 00:17:14.490 --> 00:17:19.800 letter to a lot of lawyers and CEOs within the the non bank 333 00:17:19.800 --> 00:17:23.700 finance industry, basically saying, Hey, we've read all your 334 00:17:23.700 --> 00:17:27.180 feedback. Yeah, we've got a, you know, we've got a lot more to 335 00:17:27.180 --> 00:17:30.930 work out than we thought we did. And so what they said they would 336 00:17:30.930 --> 00:17:34.980 do is that they were going to issue a revised proposal 337 00:17:34.980 --> 00:17:38.520 sometime early in the new year. That could be January, February, 338 00:17:38.520 --> 00:17:41.700 March. I don't know when they didn't say when, and that 339 00:17:41.700 --> 00:17:44.190 everyone will have the opportunity to comment yet 340 00:17:44.190 --> 00:17:45.900 again, just like they did last year. 341 00:17:46.020 --> 00:17:48.690 Johny Fernandez: But hopefully, we're hoping that this time, 342 00:17:48.690 --> 00:17:50.910 there will be clear instructions on the cost 343 00:17:50.970 --> 00:17:53.190 Sean Murray: Yeah, well, exactly. Yeah. Last time, part 344 00:17:53.190 --> 00:17:55.650 of the problem was they didn't even tell people how to comment, 345 00:17:55.650 --> 00:17:58.620 where to comment, who to comment to? It turns out we were the 346 00:17:58.620 --> 00:18:02.640 people that told everyone Yeah, who do you even talk to? And 347 00:18:02.640 --> 00:18:05.550 that the original deadline had passed. I didn't even know that 348 00:18:05.580 --> 00:18:09.030 by the time you and I found out the deadline was over. Yeah. And 349 00:18:09.030 --> 00:18:11.520 then I reached out to him. And I said, you could still you could 350 00:18:11.520 --> 00:18:14.640 still, you know, offers to feed some feedback. Yeah. But I have 351 00:18:14.640 --> 00:18:18.840 a feeling that they started getting a lot of responses after 352 00:18:18.840 --> 00:18:22.110 we published that. And that's when they probably got so much 353 00:18:22.110 --> 00:18:24.630 information that they were like, Okay, wait, we really got to fix 354 00:18:24.630 --> 00:18:29.760 this up. Because according to DFS, they said they actually 355 00:18:29.760 --> 00:18:33.240 reached out to California's state regulators, because 356 00:18:33.240 --> 00:18:35.610 California had a similar law that they had to implement and 357 00:18:35.610 --> 00:18:38.160 they're like, Well, how did you guys do it? Yeah. And California 358 00:18:38.160 --> 00:18:41.280 had to tell them, we couldn't do it. It's been four years in 359 00:18:41.280 --> 00:18:44.220 California since they passed a similar law. Yeah. And 360 00:18:44.220 --> 00:18:47.280 California to this day has not been able to implement it. 361 00:18:47.340 --> 00:18:50.280 Because it's too complicated. Yeah. So I think that probably, 362 00:18:50.310 --> 00:18:53.670 and I'm just speculating, I think that probably worried New 363 00:18:53.670 --> 00:18:56.160 York State's regulators a bit that they're getting into 364 00:18:56.160 --> 00:18:58.440 something that's a little bit more complicated than they first 365 00:18:58.440 --> 00:19:00.600 thought. Yeah. And they said, Okay, let's, let's just make 366 00:19:00.600 --> 00:19:04.380 sure we get it. Right. And, like, well, you know, like I 367 00:19:04.380 --> 00:19:06.720 said, there's going to be an opportunity to comment on a 368 00:19:06.720 --> 00:19:10.470 revised proposal. And then there will be a new date given for 369 00:19:10.470 --> 00:19:12.780 when it will be implemented. I don't know if that's going to be 370 00:19:12.780 --> 00:19:15.960 later this year. Next year that we don't know there's been no 371 00:19:15.960 --> 00:19:16.620 dates given. 372 00:19:16.680 --> 00:19:19.680 Johny Fernandez: Yeah. So that definitely be interested to I 373 00:19:19.680 --> 00:19:23.910 will be interested to see what exactly happens. So you know, 374 00:19:23.940 --> 00:19:26.970 everyone that we've talked to especially, you know, at Broker 375 00:19:26.970 --> 00:19:30.450 Fair, that was the hot topic of conversation was the law like, 376 00:19:30.480 --> 00:19:34.740 how just was gonna impact the language? Doing business in New 377 00:19:34.740 --> 00:19:37.650 York? How will it get impacted? Is it worth it? What if you do 378 00:19:37.650 --> 00:19:40.050 business in Florida, but you some of your business touches 379 00:19:40.050 --> 00:19:43.740 New York, like it was all these questions? All like the language 380 00:19:43.770 --> 00:19:51.480 of the of, you know, the law and whatnot was very, I don't wanna 381 00:19:51.480 --> 00:19:54.600 say confusing, but it just wasn't clear. So we'll see what 382 00:19:54.600 --> 00:19:57.900 happens. It definitely will be interesting. Yeah. Because I 383 00:19:57.900 --> 00:20:01.260 know a lot of people were questioning like, how their 384 00:20:01.260 --> 00:20:02.850 business was gonna was gonna get affected. 385 00:20:02.970 --> 00:20:05.820 Sean Murray: Yep. Well, it's yet to be known because they're 386 00:20:05.820 --> 00:20:07.470 revising the entire proposal. 387 00:20:07.500 --> 00:20:09.090 Johny Fernandez: So and this could take, we don't even know 388 00:20:09.090 --> 00:20:10.140 how long this could take. 389 00:20:11.010 --> 00:20:12.990 Sean Murray: It could take, it could take six months, it could 390 00:20:12.990 --> 00:20:14.160 take a year, we really don't know. 391 00:20:14.190 --> 00:20:15.690 Johny Fernandez: Yeah, so it'll be interesting to see. But 392 00:20:15.690 --> 00:20:18.210 obviously, once you find out more, we'll let you guys know. 393 00:20:18.870 --> 00:20:21.900 We'll put it on debanked.com. And you can read it there too. 394 00:20:21.990 --> 00:20:27.390 So, yeah. Alright, so the last topic of conversation. It's 395 00:20:27.390 --> 00:20:31.710 regarding a ban from the MCA industry. Yes. This is regarding 396 00:20:31.710 --> 00:20:34.980 an alleged small business financing scheme from RAM 397 00:20:34.980 --> 00:20:38.070 capital funding. They've been permanently banned from the MCA 398 00:20:38.070 --> 00:20:41.400 space and debt collection industries. So little bit of 399 00:20:41.400 --> 00:20:46.710 background, they are required to pay $675,000 to the FTC charges. 400 00:20:47.130 --> 00:20:52.200 Some of the charges pretty much say that the decepted use, that 401 00:20:52.200 --> 00:20:55.470 they use deceptive and illegal means to seize assets from small 402 00:20:55.470 --> 00:20:59.700 businesses, nonprofits and religious organizations. So the 403 00:20:59.700 --> 00:21:04.680 FTC alleges that since 2015, they deceived small businesses 404 00:21:04.680 --> 00:21:09.090 and other organizations. And yeah, they're banned from the 405 00:21:09.090 --> 00:21:09.510 industry. 406 00:21:09.660 --> 00:21:13.140 Sean Murray: Yeah. So this whole thing is quite interesting. We 407 00:21:13.140 --> 00:21:18.480 have not seen a government regulator ban. Someone from the 408 00:21:18.480 --> 00:21:21.990 industry. Yeah. What? I feel like, that's, you don't really 409 00:21:22.020 --> 00:21:24.630 Yeah, you know, what's, you know, what's crazy about it is 410 00:21:24.660 --> 00:21:27.180 usually when people say, hey, you know, they've been banned 411 00:21:27.180 --> 00:21:29.460 from the industry. They're talking about, like, indirectly, 412 00:21:29.490 --> 00:21:32.040 Johny Fernandez: Yeah, but it's just like a government agency 413 00:21:32.040 --> 00:21:32.490 telling me, 414 00:21:32.910 --> 00:21:35.340 Sean Murray: Well, yeah, the the, you know, it'll be like, 415 00:21:35.370 --> 00:21:38.130 it'll be so expensive to continue. Yeah. So it's 416 00:21:38.130 --> 00:21:41.790 effectively a ban. Right? Or they said they had to agree to 417 00:21:41.790 --> 00:21:43.890 something that would, that would make basically make it 418 00:21:43.920 --> 00:21:46.980 impractical to continue operating in this space. But 419 00:21:47.370 --> 00:21:49.410 this is an order from the Federal Trade Commission. I 420 00:21:49.410 --> 00:21:52.590 don't know if you can see it, it actually says the word ban. 421 00:21:52.620 --> 00:21:57.000 Yeah, in the order. It actually says, Hey, you're banned. And 422 00:21:57.000 --> 00:22:00.480 then if you read underneath the word ban, in the big title, it 423 00:22:00.480 --> 00:22:03.840 says, Therefore ordered that settling defendants were acting 424 00:22:03.840 --> 00:22:06.360 directly or indirectly, are permanently restrained and 425 00:22:06.360 --> 00:22:10.770 enjoined from that they can't even advertise market promoted 426 00:22:10.800 --> 00:22:15.420 offer it provided arrange for for assist in anything in 427 00:22:15.600 --> 00:22:18.540 related to it. Yeah. They can't be like, Okay, we just won't be 428 00:22:18.540 --> 00:22:22.380 a funder we'll be a broker now. They all would just be, you 429 00:22:22.380 --> 00:22:26.820 know, lead company. Yeah. Now, it says you are banned from the 430 00:22:26.820 --> 00:22:30.960 whole thing entirely. Now, granted, this is part of a 431 00:22:30.960 --> 00:22:34.320 settlement agreement. Right. So this wasn't like a judge 432 00:22:34.320 --> 00:22:38.880 decided, I hereby order you to be banned. Right. So the the 433 00:22:38.880 --> 00:22:43.740 defendants in this particular order consented to this. And I 434 00:22:43.740 --> 00:22:45.810 think that the Federal Trade Commission, they were the ones 435 00:22:45.810 --> 00:22:49.260 who brought the suit. They worded it like that 436 00:22:49.320 --> 00:22:51.900 intentionally? Because it certainly sends a strong 437 00:22:51.900 --> 00:22:54.600 message. Yeah, it wasn't that it was, you know, it'll be too 438 00:22:54.600 --> 00:22:58.860 expensive to continue on. No, like, No, you are hereby banned, 439 00:22:59.010 --> 00:23:02.460 banned, banned from the industry in basically every way that they 440 00:23:02.460 --> 00:23:05.340 could think of they threw in every type of term. You know, 441 00:23:05.340 --> 00:23:08.640 that would that would involve somebody in the industry itself. 442 00:23:08.670 --> 00:23:11.160 And so if you're wondering, wait what's the background? What are 443 00:23:11.160 --> 00:23:13.110 you talking? How did someone get banned with this Federal Trade 444 00:23:13.110 --> 00:23:18.120 Commission stuff about the FTC, which typically protects 445 00:23:18.120 --> 00:23:21.930 consumers got very active in looking at small business 446 00:23:21.930 --> 00:23:25.650 financing, probably in the last last two years? And they said, 447 00:23:25.920 --> 00:23:29.010 We're going to be looking at the industry very closely. Yeah. And 448 00:23:29.010 --> 00:23:32.430 they came out and they filed a couple lawsuits against some 449 00:23:32.460 --> 00:23:38.010 players in it. And in this particular one, there was there 450 00:23:38.010 --> 00:23:40.620 was a settlement between I guess it was two of the defendants in 451 00:23:40.620 --> 00:23:44.970 the FTC, in which they consented to being banned. Yeah. Now the 452 00:23:44.970 --> 00:23:51.750 fine. You said it was like 600 675,000. Settle. That amount. 453 00:23:52.140 --> 00:23:57.630 That amount is low. Yeah. You know, respective to the 454 00:23:57.630 --> 00:24:01.770 circumstances. But I think the message that was sent is the 455 00:24:01.770 --> 00:24:05.730 ban. I don't think anyone has ever seen a ban especially not a 456 00:24:05.730 --> 00:24:08.550 court order that says your banned, you know, I just can't 457 00:24:08.550 --> 00:24:09.870 say that word enough. Because 458 00:24:09.900 --> 00:24:11.760 Johny Fernandez: I feel like it's like a scarlet letter, your 459 00:24:11.850 --> 00:24:14.730 your banned. Well, let me ask you this. If they decide, let's 460 00:24:14.730 --> 00:24:17.640 say design hypothetical, we're not lawyers. We're just 461 00:24:17.640 --> 00:24:22.020 speculating here. If the owner decides to start any business, 462 00:24:22.200 --> 00:24:25.950 you, you know, just start from scratch all over again. Could 463 00:24:25.950 --> 00:24:30.180 you do that? No. Okay. Now he's banned. He's, he's personally 464 00:24:30.180 --> 00:24:30.360 banned. 465 00:24:30.390 --> 00:24:32.010 Sean Murray: He's personally banned and the company he worked 466 00:24:32.010 --> 00:24:32.700 for is banned. 467 00:24:33.150 --> 00:24:35.220 Johny Fernandez: So they're banned. There's no way they can 468 00:24:35.220 --> 00:24:35.940 get back. 469 00:24:36.690 --> 00:24:41.550 Sean Murray: Hey, look, I'm not I have a feeling that it 470 00:24:41.550 --> 00:24:44.490 probably wouldn't be a good idea. Again, as a non lawyer 471 00:24:44.490 --> 00:24:47.490 reading the language, it's very plain, you're banned. They 472 00:24:47.520 --> 00:24:49.830 describe all the different ways one could operate in the 473 00:24:49.830 --> 00:24:52.590 business. It applies to the person individually whether they 474 00:24:52.590 --> 00:24:57.450 create a new LLC or not. It seems to me that it is you know, 475 00:24:57.450 --> 00:25:01.980 it is a ban just like Just just as anyone would understand it, 476 00:25:02.010 --> 00:25:05.100 you know what I mean, that ban in the ban of the banned. I 477 00:25:05.100 --> 00:25:08.640 don't know, I don't know, this company. I didn't know them 478 00:25:08.640 --> 00:25:10.740 really beforehand. And I might have heard the name thrown 479 00:25:10.740 --> 00:25:14.190 around. I don't have any personal opinion as to who they 480 00:25:14.190 --> 00:25:16.920 are, what they did or anything like that. The only thing that I 481 00:25:16.920 --> 00:25:19.920 know about it is that the end result of a lawsuit with the 482 00:25:19.920 --> 00:25:23.280 Federal Trade Commission was that they are banned. And they 483 00:25:23.280 --> 00:25:25.680 did a whole press release about it saying that they are banned 484 00:25:25.680 --> 00:25:29.640 from what was banned from the merchant cash advance industry. 485 00:25:30.000 --> 00:25:35.370 Very, very unique way to end a case. Very interesting outcome. 486 00:25:35.910 --> 00:25:38.910 If you're out there wondering, okay, you know, how did this 487 00:25:38.910 --> 00:25:41.760 apply to me? Just know that the Federal Trade Commission they're 488 00:25:41.760 --> 00:25:45.150 watching, yeah, and what they govern, they govern, they govern 489 00:25:45.150 --> 00:25:48.390 things that are untruthful. So if you're making false claims or 490 00:25:48.390 --> 00:25:51.090 deceptive claims, if you're telling people with a 99% 491 00:25:51.090 --> 00:25:54.990 approval rate, and there's not the FTC could come after you 492 00:25:55.020 --> 00:25:57.810 right, if you're giving a bait and switch, they could come 493 00:25:57.810 --> 00:26:00.660 after you if you misrepresent the cost they can come after you 494 00:26:00.690 --> 00:26:03.660 to collect more money than you're supposed to come after 495 00:26:03.660 --> 00:26:05.100 you right if you're doing anything deceptive 496 00:26:05.130 --> 00:26:08.070 misrepresented risk misrepresentative of what you're 497 00:26:08.070 --> 00:26:11.910 actually offering the FTC the federal regulator can come after 498 00:26:11.910 --> 00:26:16.380 you not criminally, but civilly Yeah, and the end result of such 499 00:26:16.440 --> 00:26:18.690 of such a thing is I'm sure they spent tons of money on 500 00:26:18.690 --> 00:26:21.420 litigation to get to that point and at the end of the day, what 501 00:26:21.420 --> 00:26:22.920 happened they got banned 502 00:26:25.050 --> 00:26:27.690 Johny Fernandez: What a way what a way to go all the way to go 503 00:26:27.690 --> 00:26:32.370 well that's all we have for today. Interesting stories I 504 00:26:32.370 --> 00:26:36.000 always my personal this is a personal opinion type of stories 505 00:26:36.000 --> 00:26:39.780 are these in a Ponzi scheme or sometimes seems because it's so 506 00:26:39.780 --> 00:26:44.520 interesting, just the result of it? It it always just ends up 507 00:26:44.520 --> 00:26:48.690 being it's just always there's always a wild storm Yeah. And 508 00:26:48.690 --> 00:26:51.960 like how much people get set in and the guys how they think and 509 00:26:51.960 --> 00:26:55.860 it's just my journalism background just comes out I'm 510 00:26:55.860 --> 00:26:59.880 like, how did they get to that point, it's it's always 511 00:26:59.880 --> 00:27:03.150 fascinates me. So but with that being said, obviously if you 512 00:27:03.150 --> 00:27:05.940 want more information regarding you know, some other stories 513 00:27:05.940 --> 00:27:08.820 that we've done other videos, you can go on deBanked.com. Also 514 00:27:08.820 --> 00:27:11.820 check us out on our social media platforms. And also don't 515 00:27:11.820 --> 00:27:14.550 forget, if you have not purchased your Miami tickets, 516 00:27:15.150 --> 00:27:19.770 for deBanked Connect Miami, you can do that online. The website, 517 00:27:19.830 --> 00:27:20.730 remind me of the website 518 00:27:20.760 --> 00:27:22.320 Sean Murray: deBankedmiami.com. 519 00:27:22.350 --> 00:27:24.870 Johny Fernandez: There you go. And obviously, we are all going 520 00:27:24.870 --> 00:27:27.360 to be there. It's going to be an awesome event. People have been 521 00:27:27.360 --> 00:27:30.690 talking about it, they're excited for it. So that's the 522 00:27:30.690 --> 00:27:31.350 next event. 523 00:27:31.380 --> 00:27:32.970 Sean Murray: It's two and a half months away already. 524 00:27:33.030 --> 00:27:34.020 Johny Fernandez: It's crazy. That's like, 525 00:27:34.020 --> 00:27:35.190 Sean Murray: So you're gonna buy your ticket now. 526 00:27:35.220 --> 00:27:39.630 Johny Fernandez: And it's gonna be at the JW JW. JW. Marriott 527 00:27:39.630 --> 00:27:43.830 Marquis. Got it. That's, that's a mouthful. But yeah, please 528 00:27:43.830 --> 00:27:47.370 don't miss out on that tickets are still available. And it's 529 00:27:47.370 --> 00:27:49.230 gonna be in Florida who doesn't want to be Florida in March. I 530 00:27:49.230 --> 00:27:52.770 want to be in Florida in March. So I'm excited for it. Yeah, so 531 00:27:52.770 --> 00:27:55.200 don't forget about that. And then if you have any other 532 00:27:55.260 --> 00:27:58.290 ideas, if you want to chat with us, please let us know. contact 533 00:27:58.290 --> 00:28:02.130 us via social media or reach out to us on debanked.com So from 534 00:28:02.130 --> 00:28:06.270 all of us here, happy 2022 first stream of 2022 535 00:28:06.480 --> 00:28:08.940 Sean Murray: I know it's gonna be a wild year. I know it. 536 00:28:08.970 --> 00:28:11.970 Johny Fernandez: I feel it. I feel it's gonna be it's, it's 537 00:28:11.970 --> 00:28:16.440 gonna be my prediction it's gonna be what we perceive as 538 00:28:16.440 --> 00:28:17.940 normal, but just a wild 539 00:28:17.940 --> 00:28:18.840 Sean Murray: Gonna be a roller coaster. 540 00:28:19.440 --> 00:28:22.140 Johny Fernandez: Alright. What's your name? For those that don't 541 00:28:22.140 --> 00:28:22.410 know you? 542 00:28:22.440 --> 00:28:23.460 Sean Murray: I'm Johnny Fernandez. 543 00:28:23.490 --> 00:28:26.310 Johny Fernandez: I'm Sean Murray. I'm Johny Fernandez, 544 00:28:26.340 --> 00:28:29.760 that's Sean Murray. We'll see you guys next time. We'll see 545 00:28:29.760 --> 00:28:33.090 you guys soon. So take care and happy 2022