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YouTube Video Transcript
hey this is david for big beds finally got the stream up and running today hopefully everything works out well i’m trying to keep an eye on the actual stream and see if it actually is working well i can hear myself in my head there let me sure yep looks like everything’s working so far in just a moment all right so it’s been an adventure to get the streaming up here on trading view but it appears to be doing well right now [Music] yeah there’s a lot i had to do today for some reason i had set up a stream originally it didn’t work for whatever reason i recreated it and this is what you’re seeing now it’s actually working so that’s good there’s quite a few things i actually wanted to talk about a couple things i wanted to do on the stream so i’m actually going to be updating some of my popular indicators and what we’re going to be doing to do to update those is we’re actually going to be utilizing the new else if feature in pine so we’re going to be converting a bunch of our old functions that we had that had a bunch of nested else if statements we’re going to be converting those into actual elsif statements instead of having to nest those within one of each one another so they should run a little bit better at that point all right so let me go ahead and take a look at the chart here i’m not really gonna do a lot of ta on the video i’ve done some ideas here on trading view recently but just to kind of summarize what i’m thinking about ta on bitcoin and also with uh the s p is that i kind of think we’re going to range for a little bit and then price will probably drop down we’re looking at that potential golden cross on the s p but at the same time i still think it’s going to come back down to the 100 but we’ll see about that i’m going to pull up on my other charts here and this is the cro usd chart this is uh the crypto.com coin for those of you who may be unfamiliar and it is actually going to be doing something interesting today the cro coin is doing its syndication today well the cro coin isn’t doing that but they are doing a syndication event for their exchange to where you can buy bitcoin at 50 off its current price but you have to stake these cro coins so a lot of these coins have been bought and held so that you can get more bitcoin at 50 off and they do these syndication events for other uh crypto as well so this isn’t like the first time they’ve done this but at the same time this has probably been one of the biggest ones because it is for bitcoin it is 50 off uh but since it is today i imagine there’s probably going to be a bunch of people who pick it up uh who have i say have picked it up just to use it for this indication and then once the syndication is over to dump it and sell it back so that they can get bitcoin so it kind of worked out really well if you had bought it for the purpose of buying more bitcoin uh through their exchange if the price does come back down that is which i kind of expected to so let’s go back to the daily chart so essentially if you would have bought button cro at any point in time in order to do the syndication event you could have made a lot of profit right now for the most part and it was scheduled for today june 30th so if you had bought it just at the beginning of june you would still be up like 40 50 something like that and if you had bought it at any point during april you’re probably up over well not quite 2x but you could be over 2x if you bought it in april so it’s pretty wild to think but what’s really interesting is the people who have bought it and this is versus bitcoin during the same period of time this has been going straight up pretty much since december uh and this is absolutely ridiculous i haven’t even looked at it in a few days but it is absolutely shot up and if you only bought this for using it for the syndication and you didn’t care about the crow you just wanted the bitcoin cheaper you would have bought crow at some point and then if you were to get your bitcoin you would not only make a 50 profit on your bitcoin instantly you would be making a huge profit on the cro you bought just to use it for this indication so this is kind of wild but at the same time it’s a little concerning because cro is like top 10 market cap now and i’m not really sure it deserves to be top 10 market cap that’s another reason i’m kind of worried about that dropping down but i really wanted to talk about that while i was on the chart uh really the only reason i’m on here is to work a little bit on these indicators you can see this is what i was talking about working on a bunch of nested if else statements here and we’re going to be converting those into else ifs and going to have to actually use my script version of this instead just a moment i guess i should probably also try and monitor chats i haven’t pulled it up on youtube or even on twitch right now i’m not even sure how to use twitch this is my first time streaming on twitch by the way i don’t even think there’s anybody watching over there so that’s cool don’t really care too much i have a few people on youtube so it’s good hey uh harsh you’re on here pretty often it’s nice to see you again nobody yet on tradingview talking but that’s completely fine if you have any questions or anything just let me know one thing i did want to talk about on the stream was the digital currency hearing that occurred earlier today and that was pretty interesting if you were able to watch it i was watching it while i was doing some other things but i managed to take some notes it was really really some interesting stuff now all of those senate committee hearings are all really political it’s really annoying so it makes them really hard to watch sometimes there’s a lot of good information that came out of it and it basically to summarize everything it seems like they pretty much all agree that a central bank digital currency is coming to the united states there were a couple of good points on why maybe that might not happen but they pretty much all seem to agree that it’s going to end up happening what is this all right uh to the person in tradingviewchat trying to get uh their attention you might want to try and contact them on twitter or directly through the messaging system here on tradingview they have some profiles you might be able to get in touch with them that way i talked to them on twitter quite a bit so that might be a better option for you than trying to get on the stream i’m not sure they’re even going to be watching the stream here all right so just kind of combining some of this code around we’re going to have to shift it all to the left so everything lines up nicely so what i’m actually going to do is i’m going to take all this oh no i didn’t want to do it quite that much that one’s good all right so we can actually just use tab it’s gonna help with this got all of our else statements lined up now now we just need our logic indented and this one actually has to go back so let’s save it and add it to the chart make sure those changes work and then we’re actually going to go back down and do that to our other functions all right so kind of back to that hearing meeting like i said they all kind of want or kind of expect a central bank digital currency at one point i’m going to kind of go over some of the stuff they talked about i took a lot of notes on this because it’s really interesting to me um i personally believe they’re going to have a cbdc for america within the next decade that they’re going to be using there’s a lot of people pushing for it very quickly because of the stimulus payments with coven and stuff but i think it’s kind of unrealistic to expect anything like that within the next couple of years i’d be really shocked if anything like that were to actually happen they are wanting to get it done quickly however just because of the other countries who are doing it already particularly china they’re using other countries other than china as like a model so like sweden was one of the examples that they used in the hearing committee meeting as to one of the other countries who are very far advanced in their progress on it they didn’t like talking about the progress that china had made because honestly if you listen to china’s reports they have the most progress out there on their central bank digital currency and they don’t like that because a lot of the talk was threats to the dollar uh being the reserve currency and things like that so they’re all very protective they talked a lot of bad things about uh bitcoin and ethereum they seem completely out of touch so i’ll talk about a few of those things as well but yeah there was there was just a lot of stuff they’re out of touch with and of course the senate committee hearings they always make them super political in the sense that they turn them into political talking points and they just try to connect the dots for whatever issue or whatever committee they’re in to whatever current talking point there is so like they use this to talk about the black lives matters movement they use this to talk about you know politicizing the use of masks things like that it’s just kind of funny to see them bring these sorts of things up when it really has nothing to do with a central bank digital currency unless you’re talking about with you know minorities having trouble being under banked or unbanked but there really wasn’t much of a need to talk about like riots and social issues like that bitcoin gonna die oh we’ll have to see about that one i kind of doubt it dude all those people are taking payments in bitcoin i don’t see it dying anytime soon and i’m accepting them pretty much the network’s gonna have to to die and that’s even if they do come out with a cbdc i mean i don’t why wouldn’t i just use a stable coin right now if i wanted to use a cbdc you know i use bitcoin because it offers a potential increase in value if you’re going to keep or you’re going to use a cbdc it’s even more of a temporary store for me for my value in bitcoin or ethereum and i don’t even like to have those being all that temporary oh knowing dump uh yeah i can see that i’m looking for around here i want to see it come back down to 8.5 and i’m sorry i misinterpreted you because i was just talking about how those senators uh really didn’t really like bitcoin or ethereum or any blockchain really for that matter i’m surprised they had uh forget the guy’s name it was the ceo charles cascarilla cascaria i believe that’s how it’s pronounced anyway ceo for paxos he was there talking about that but they are regulated through the nydf dfs i believe that’s what it is anyway they’re regulated through new york and they have to meet a bunch of regulations so that’s probably why they were there as opposed to anyone else uh crypto tone lok so you’re on youtube and while you’re there you can check out my channel i have a bunch of scripting tutorials for trading view on making your own indicators and it’s designed for beginners people who have no coding experience so if you want go check out that playlist there should be on my channel page the list of all my playlists and it’s the trading view pinescript tutorials playlist there’s probably about 40 videos in there now and it starts off with a simple series for beginners on how to make your own indicators and really pretty much this indicator is what we make in the series it’s similar to it and even goes into making your own strategies and stuff on tradingview as well and i should have known better than to try and talk while i was doing this code stuff because it’s a lot harder to concentrate than i thought okay so that took way less time than i ever thought it would to do all that stuff i’ll be publishing this update in just a moment but all right so i kind of wanted to focus on the digital currency hearing i took a bunch of notes already mentioned that i’ll go ahead and bring those up but just kind of walk through some of these if you have any questions just let me know i didn’t watch the entire thing i actually kind of quit watching it about an hour in because i had some other things came up but let’s see if i also can’t pull up the hearing committee welcome to our wedding reminders once you start speaking there will be a slight delay before you are displayed on screen minimize the background noise please click the mute button until your turn i hope that isn’t too loud questions is it even more quieter if there’s a technology issue we will move to the next senator until it’s resolved so anyway this was their hearing earlier today man i probably need to turn that down even more you should have a box on your screens labeled clock that shows how much time is remaining we’ve had a little difficulty uh finding anyway this box sometimes and so man i’ll tap the gavel to remind senators and the witnesses that the time has expired no i think the volume was fine i went back and listened to it it’s just really loud to me uh so let me actually turn it up committee will hear testimony on the digital transformation of money and payments we will discuss how to enable more efficient technologies ushered in new players and business models and raised important questions about what the rules of the road should be and the federal government’s appropriate role testifying will be the honorable chris giancarlo senior counsel at wilkie farr and gallagher and the former chairman of the u.s commodities futures trading commission also mr charles cascarilla chief executive officer and co-founder of paxos and professor nakita q cutino visiting professor of law at duke university law school skip to some of the segments welcome to our witnesses and thank you for joining us today the covet 19 pandemic has so essentially this dude he’s talking about the ease and availability of digital payments right now he also talks about how uh with digital payments you don’t really need a bank account so it makes it more available uh he starts talking about cryptocurrency because people started managing their own cryptocurrency uh through their own wallets like with bitcoin and ethereum and i need to do one more thing here okay so they started managing their own stuff um then they started talking about stable coins and i think a lot of this meeting had to do with stable coins um that’s why they brought in the paxos guy and then they talked a lot about uh pretty much how using stable coins or essential bait digital currency is going to be a lot like stable coins and how it’s actually going to work then they took some shots at bitcoin and ethereum of course so uh he goes on to say innovations are inevitable uh the us should be a leader they need clear rules in place though so that they can protect businesses and consumers they’re just wanting to learn more about cbdcs and how other nationalities are doing it what effects could it have what role will banks play so that was an interesting question to me they’re wanting to know what role these banks and intermediaries will play so it’s kind of like they’re acknowledging that they’re almost useless in that kind of model although there is going to be a need for them because it is going to operate alongside of cash and so transactions will kind of have to still be settled manually in certain cases so i don’t know i just thought that was funny because things are going to really change particularly with the intermediaries those who are processing transactions you know could you imagine uh transaction fees on visa and mastercard going down incredibly because they’re going to be using a national digital currency as opposed to doing all the transaction work themselves there’s just a lot going on there and then let’s see this next guy oh man i don’t like this next guy him uh he’s hard to listen to um and not just because i don’t like the way his voice sounds and i’m sure people feel the same way about me but he he is the one who made this really political i assume he was a democrat just because of the talking points that he had nothing really against them against democrats that is but i just don’t like that they make these things so political when they’re there to talk about a certain issue but anyway he talked a lot about coronavirus and all the things related to it and didn’t really talk about a lot of the issues for the time that he was given to speak but they do that all the time it was really like he was trying to bs his way into making some of the coveted stuff related actually to a national digital currency um they were well he was really concerned about the privatized currencies like libra because they don’t want people to have too much control they want all the control obviously they’re the government this is what they feel they have a responsibility to do uh they want to protect their position as you know the top global currency so they don’t want people to mess with that so it makes complete sense why they would say that but one of the things that i think people need to take from this is that this does not just mean things like facebook are going to be in control of libra and that’s what they’re concerned about they’re concerned about any company becoming big tech and managing currency so just imagine that the people from paxos were to manage the national digital currency well it wouldn’t be a national digital currency in that case could you imagine if the stable coin was more popular than the actual actual digital dollar if it was privatized they would have to be regulated but imagine if they didn’t like the regulations they could just move out of the united states and they could still pay their value to the dollar and get around whatever regulations they had so it’s uh it’s an interesting topic and i kind of agree with them to a degree but not really all right i’m just gonna publish this stuff all right and the democrats who were in the hearing made a very uh good point that well as part of their talking points on the subject actually on the subject this time was that they wanted to make sure that this covered the unbanked and the underbanked and went to mitigate some of the issues with the fintech where people were taking advantage and using like predatory loans and things like that and yes i keep getting distracted there’s a lot going on here uh and they did mention an act or a bill that they wanted to get past which would pretty much make the digital dollar a public good and in that case you could like go to the post office and get a bank account a national bank account or you could go to the post office and make a transaction or something like that so that was an interesting topic and then they brought on some of their [Music] guests they’re uh i don’t know why i can’t think of the name of it right now but the people who they bring in to testify yeah the people they brought in to testify uh for the meeting one of them was the former cftc chairman chris juan carlo see he’s probably here yeah that’s the dude uh he talked three observations that he had about the situation that the current financial infrastructure is becoming obsolete he talked a lot about like the 80s and the 90s how they were kind of like the the pillar of success you could see like they were leading innovation and technology whereas now they’re not uh he said also that this new era of things should be stored managed and transferred digitally which it makes complete sense at the whole point of the meeting and that they want to harness the wave of innovation and use it for economic growth for their generations to come again makes complete sense i mean you have this new fad this new wave of technology something that’s kind of different but at the same time this is honestly something that they could have done with a centralized technology a long time ago it’s just that things like smartphones and other things weren’t available and honestly the way they were talking about using the post office as a way to make your own national bank account and even perhaps do transactions through that it’s like why couldn’t they have done that throughout the entire history of the post office so uh i get their point they’re talking about innovation and stuff i guess they’re really interested in blockchain because other than that they’ve had databases and they’ve had networks and these sorts of things for tens of years now that were capable of doing it and they just weren’t as available and they’re still complaining that they’re not available enough so they’re wanting to also look into more infrastructure one of the key things this dude wanted though was to future proof the dollar and that’s part of the reason they want to digitize it of course and similar to the other countries they want to explore the cbdc with a pilot program which would mean like certain people certain industries certain businesses basically just a beta group of users would try to use it and an example of this is actually the bahamas they had their own entire island actually do this my apologies so they had their own island that actually tested their cbdc i’m not sure how that went actually i haven’t really been able to follow up with that recently oh and i i did forget to mention these indicators for those of you who haven’t watched anything that i’ve done this is the bansel the fancy triple moving average indicator this is one that was featured by tradingview uh one of their scripts of the month a while back this is just a triple moving average indicator but it has four casting it has uh what i call an inclusion trail which i don’t think i’ve seen anywhere before or essentially it just highlights the section of the moving average that is included in the moving average calculation so this is a 50 period moving average the green line so it highlights the line 50 periods back so you can see what candles are actually included in it there’s some other things here such as choosing different resolutions and different types of moving averages and stuff so for those of you who are watching that update there’s that and this one the fancy moving average is the exact same thing it’s just uh just one line it’s just about the only difference here i’ll go back and update this one as well but uh back to this hearing here actually let me check a couple of things real quick ah we’re good so back to the hearing pull up that text yeah that’s pretty much all that guy had then they brought in ceo of paxos charles cascaria he just talked about stable coins and cbdc’s and basically talking about them working together they’re essentially going to be the same thing whenever you do get a cbdc oh man i messed that up i should have converged on first anyway they were talking about the cbdc’s and how they’re going to be very similar to stable coins and all the benefits of stable coins and all the benefits of paxos really he made sure to put plenty of emphasis on that but he talked about financial inclusion capital capital wow that’s two times a minute capital mobilization basically just making it easier to move money and making it cheaper as well and then of course also the transparency and competition within the market using that technology all right and once he got done there was some chick uh nikita catino she’s a visiting professor of law at duke university i think she was mostly brought on here to talk about the [Music] mostly just brought on to talk about the minority issues and how it relates to the cbdc’s nothing wrong with that but she didn’t bring a whole lot honestly to it and uh for lua to access the indicator all you have to do is go to add indicator your chart and you can search the public library for fancy triple moving averages or fancy moving average and then there’s also a fancy bollinger bands example as well there’s also a couple of other indicators but just look for the ones that have my name in them and that’s how you can add it to your charts uh so yeah back to my notes here yeah she mostly talked about like i was mentioned the minority issues but she related that to underbanked and unbanked people she talked a lot about the predatory stuff through fintech like payday loans and things like that and how those might have targeted certain people so they finally went on to the question answer section with the the first guy mr crappo i know i’m pronouncing that wrong but his name is little literally c-r-a-p-o they were asking about the other countries we already talked about that was like china and switzerland and bahamas as well and they this is where they asked if the china cbdc was a threat and it was a pretty much unanimous yes and i can’t disagree the issue mainly well they said that it wasn’t as big of an issue as it might be played out to be like in the media or within fintech circles but really they said that the dollar is very very strong and it’s built upon a lot of very strong pillars but that through what china is doing with their cbdc they’re kind of going after the pillars that make the dollar so strong so yeah there’s mr crapo uh mr mike grappo and i don’t know if he’s a senator or i believe he is i believe he’s probably the committee chair because he was the one who opened it up all right uh can blockchain models adequately adequately or better protect privacy and data and data in transaction data so this guy was asking the ceo of paxos whether or not blockchain can protect privacy and data in transaction data and he of course said yes but he was pretty bold about saying that it improves both transparency and privacy and to an extent i believe that yes crypto does improve both transparency and to a degree privacy but in order to use it within regulations and the rules that they actually have you’re actually gonna have to do that kyc and there’s gonna be a full chain of your transaction history and people are going to be seeing where you get money you can actually see people where they have bought from an exchange moved it off the exchange moved it back to an exchange sold it so it is transparent and private at the same time but for governments and of people with access to the information to the on-ramps and the off-ramps it’s completely completely transparent with very little privacy as long as you have access to addresses and names associated to it it doesn’t really help you a whole lot and mr crappo i also asked can blockchain’s reduced transactional cost and he asked mrs katina catino and i i think she really doesn’t understand blockchain all that well but she said yes if it’s done properly and they are forced to do so well not necessarily i mean it’d be hard to argue that bitcoin doesn’t resu reduce transaction cost take for example you know somebody transferring millions if not billions of dollars worth of wealth with bitcoin and only paying like a hundred dollars or whatever in fees that to me seems like a very cheap transaction now if you’re trying to send 10 and it costs a dollar that’s pretty expensive but uh it’s all kind of relative here and they purposefully make sure not to talk about bitcoin in a positive light in these hearings but the regulations i completely agree if they do something like this it will need to be regulated to the extent that they need to limit transaction fees why you would need a transaction fee on a national digital currency i’m not entirely sure unless you just wanted to tax people for the hell of it because you’re going to be running the infrastructure i assume you would probably be in control of all the network nodes if it’s a dlt so why would you need to collect a transaction fee that’s just my thoughts on that one other than to prevent people from flooding the network but there’s other solutions for things like that let’s see there was another dude next yeah this guy mr brown uh he did a lot of talk about unbanked and underbanking again this is one of the democratic talking points and he talked to mrs catino exclusively which is why i think she was brought on just to talk about the democratic talking points but she said that you know it addresses frictions with the payment system now how would this help people who are victimized by these fringe tech it was their play on words for fintech the people who do a bad job at fintech how would it help those people who are pretty much victimized by those types of companies and she really said that it would just give them more access and more options uh no longer having to wait on paper checks and things like that was the other one yeah it’s much easier to use and that it can be insured unlike venmo so you could have your national digital currency bank account insured but your venmo balance is not um let’s see then he also also said and this is something that was kind of annoying uh people aren’t flocking to bitcoin and crypto why is that so if they are meant for the unbanked into the underbank so a lot of people are claiming you know bitcoin is meant specifically for the unbanked and the underbanked is what he’s saying and that people just aren’t using it well i would completely disagree there’s a lot of transactional data that completely disagrees with that statement that the uses and the actual number of addresses holding bitcoin and just general uses of it i believe are going up i mean i accept it for payments myself uh there’s a lot going on for it that they just kind of ignore oh yeah full notes again so in response to that mrs cuttino says that there is a cost base is their issue so she’s saying the transaction fees are high so they’re talking about transaction fees again and once again that’s entirely relative so we were talking earlier about a super high transaction fee for a 10 payment would be a absolutely completely irrelevant transaction fee for a multi-million dollar or you know even a billion dollar transaction so it’s relative but i kind of agree to the point that it is a high transaction cost for the type of people who they are talking about the unbanked and the underbanked because those are probably the type of people who don’t have a lot of money so high transaction costs really impact them a lot but at the same time if you look at bitcoin as a store of value and you want to hold it long term then you’re not going to be transacting it a lot so it depends on your use case and how you’re actually using the network if you consider the transaction fee to be high they also say that you can’t use it in a lot of places now i completely disagree with that uh you can use bitcoin and ethereum wherever you want it’s just that people aren’t accepting it yet it’s just not adopted so when they said that they can’t use it it just means that they haven’t used it so i think there’s a little bit of difference in the wording on how they actually mean that as opposed to how they actually said it and their one really true good point was that the price of those are completely unstable like the value goes up and down considerable amounts over a short amount of time over a short amount of time excuse me so in that way yeah they’re right on that one i i don’t have any issue saying that but hopefully over time that isn’t an issue uh when it comes to crypto now uh after that we finally got to move on to mr rounds this dude um he was asking who are the winners and losers of fintech going to be if they moved to cbdc and he asked all of the people who were testifying and really they pretty much all just said it depends and that is probably the safest answer you could have given but it’s the probably most correct answer as well because it’s impossible to say who is going to benefit the most from something like that when you have a crystal ball to tell you for sure but essentially anyone who tries to embrace it and those who don’t embrace it are going to lose out and then that kind of leads to the next guy mr tester yeah this guy he didn’t get on there very long but he was really worried about people in rural areas with bad internet connections like where he lives he mentioned he’s a little rude i thought he cut one of the dudes off but he had a good point that you know it’s hard to get a good connection in rural areas so what good does a cbdc do for these people and aren’t you essentially just ignoring these people it’s like well yeah they’re gonna be left out if you don’t improve their network access out there so if you want these people to move forward you need to push for funding to get better access where they are and i’ve talked about on my channel a lot uh starlink which is i believe they said is going to be available by the end of the year or early next year will be a huge boost to rural areas although there’s no price details on it yet if you’re willing to pay for it you could have it and honestly they’ll make a big deal about it still not being enough because of that and honestly you could use satellite internet now it’s got a high latency but at the same time i don’t think that really matters if all you need is a connection to do a transaction all right so we got two of them done pretty much all the way through all the notes that i have yeah this is the last guy i was able to watch what actually watched some of tom cotton who was on after that one of the good questions this guy actually had was what would happen if there was any sort of fraud like somebody stole your credit card or they stole your cbdc uh private key and were starting to spend your money so the ceo paxo says that the way they handle it is that they are regulated regulated by banks so they have to kind of uphold the same rules as an actual bank and he said that’s actually more than that because they’re a trust so essentially if there was fraud the people would be refunded but i think with the cbdc if you can prove fraud that you can also recover the funds because it’s all digital i mean you can permanently instantly recover funds you wouldn’t have to worry about that person using those funds to buy on credit uh anything else and then having those funds removed and the person not return anything they bought on credit so i think it’s a little bit better in that aspect and let’s see they talked about making national law for regulation because they mr tester believed that it might have only applied to new york since they were regulated in new york but it also applies to all the states uh is what uh cascaria said uh see tom cotton is the last guy that i was able to sit for uh his opening statement was pretty good he said the dollar must be better than bitcoin better than a digital one and better than whatever else uh he said the dollar might fall behind and end up like an old flip phone or like blockbuster which are outdated models that are no longer used and i couldn’t agree more if you’re wanting to remain the world reserve currency then you need to basically prove it that you deserve it all right let’s see what was his question he was wanting to know how the stimulus for kovid would look like if we had a cbdc mr juan carlo former cftc chair said it would pretty much be instant with smartphones and one thing i noticed they talked a lot about smartphones and mobile technology getting access to banks and stuff but like there was no talk about desktops or servers or like any sort of talk about programmable money like ethereum smart contracts uh they mentioned it briefly but i don’t think they mentioned how that would actually be and there is mr juan carlo his he he works with an organization for the digital dollar project i think is what it’s called so maybe that’s worth looking into for me to see some of their details on how they would want to do that but if the cbdc isn’t programmable and it’s just some sort of mobile app i think it’d be kind of dumb like i don’t know i think it’d be kind of dumb not that programmable money as part of the package if they want to be the best and then of course it got really repetitive they were talking about some of the same things but yeah that was it i’ve kind of already mentioned the key takeaway but both sides republican and democrat seem to be on board with the cbdc and uh although some of them were reluctant i think they all kind of agree it’s going to be necessary so i’ve been following cbdc’s for a while on my channel and even before i started the channel back up and these are coming it’s not a matter of if it’s a matter of when and for the united states my personal guess is it will be fully implemented within the next decade uh i believe we’ll probably have a prototype within five years uh i believe it’s going to take a lot longer than some of these politicians think it will i don’t think they realize how far behind these other countries we are and yet they’re talking about being innovators and leaders and it’s kind of a joke um i mean i don’t know if they’re trying to do propaganda or if they really believe this stuff but we’re not even close i i know there are people in the government looking into it uh already that’s pretty obvious but at the same time to not have any public model out there no public data about your own [Music] cbdc that does not look like a leader to me and uh i wish that stuff wasn’t on the screen oh well sorry about that whoever sent me the private message uh that’s actually one of the things i’ve suggested to the trading view team is to provide a streamer mode for those people who are working on trading view for their streams because there’s a lot of private data that people share with you on trading view if you’re someone like myself who does code for other people or you’re working with a private indicator with private settings or you know for example there somebody sent me a private message and that that would have been nice not to have popped up on the screen during the stream so i’ll continue to give them some feedback on that but i think that’s going to be it for the stream today i hope those of you who stuck around enjoyed it uh this one was a lot of talk just a lot of talk honestly i didn’t do a whole lot of work on indicators or anything hopefully you were around early to listen to the stuff about the uh the crypto.com coin uh how that syndication was today and how there’s a decent chance that coins get sold off very soon uh because people are gonna have used it for its purposes and they’re not going to need it for a little while uh but yeah that’s it hopefully we can do some more code type stuff tomorrow but i was really excited honestly about the digital currency hearing that’s a big one for me because like i said i’ve been following it for a really long time but that’ll be it for now i hope everyone enjoyed it and you will all have a great day thanks
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< br/> Come have a discussion about your favorite crypto, stocks or other TradingView features, or just listen and learn as BigBits shares knowledge and techniques towards developing indicators and strategies on TradingView with Pine.
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