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hello everyone welcome back to another episode of crypto visor where we talk about everything crypto blockchain investing and of course other news in the finance space hopefully everybody is doing all right today we are talking about cannabis and cosmos blockchain and then coinbase coin and is cardano involved in that so we're gonna get into all of this a lot to talk about guys if my audio sounds weird i'm in the middle of like fixing up my audio setup so just give me a couple of days i know i've been saying that for a couple of days but uh just a couple more days and everything's gonna be back to normal the audio may sound good but anyway let's get into it cosmos cannabis coinbase and cardano also today's video is sponsored by crown today is the letter c coinbase cosmos cannabis cardano and crown stake pool the sponsor of today's video if you guys are holding ada or are looking to hold aida you can stake to earn passive rewards straight from your euro deadlifts or ledger wallets uh and basically within the wallet just look for the staking area or staking tab and you can just type in ticker name crown c-r-o-w-n you can also find them at stake eta coins dot io or stake ada coins on twitter and basically right now they're at about 14 million it has staked remember right now the saturation level is 64 million ada meaning anything over 64 million ada will uh basically be a like you're gonna have diminishing rewards right that's the saturation like point anyway so if this pool has pretty much one-fourth of that saturation level so definitely room in this pool to make rewards 405 lifetime blocks congratulations to crown for that achievement remember state pool operations uh initially began in august of 2020 for cardano's staking and crown stake pool has also been a part of the incentivized test net which started in november 2019 so part of the overall crypto and cardano ecosystem and they also have a telegram group which i am a member of thank you to crown stake pool for sponsoring today's video now let's continue with the seas cannabis and cosmos we're gonna get to coinbase and cardano in just a minute don't forget to hit subscribe give the video a thumbs up cannabis focus crypto firm reveals why it's switching to cosmos interesting and you guys know if you're not from the u.s state after state after state are legalizing marijuana for recreational use so from a investment standpoint this is something to keep your eye on because canada is fully legalized for recreational use i think about half the states in the united states now but what's interesting is a lot of these states that are legalizing cannabis are like southern or like typically republican type states and you see like new york still new york is living in dinosaur world guys marijuana is not legal can't uh basically do anything on crypto because everything has to go through regulators but anyway this is about cosmos let's get into it global blockchain technology company that helps cannabis companies to go cashless has announced its upgrading to cosmos bitcana was built to support marijuana businesses that struggle to access financial services from banks credit card companies and online payment providers with firms often having to stump up excessively high transaction fees because of the lack of choice even in these states that like recreational marijuana is legal they still cannot transact in the traditional financial system this is something that we've been talking about for a while banks shutting down regular customers banks not allowing access to real like companies the banks are living in like old times right they are they just are it's like banks are telephone companies for landline phones right what happened to landline telephone companies they are gone but crypto is part of this evolution where basically crypto is helping to bank the unbanked and that doesn't just mean people that also means like companies right the platform's current blockchain operates on a custom-built version of bitcoin dash technology although this initially worked well as a payment network the infrastructure was first released over a decade ago and executives say they are hoping to capitalize on the progress that's been made in the industry since bitcana says cosmos is among the better alternatives that have emerged in recent years and it has already shown to perform strongly in a test net environment as well as offering sweeping improvements to its infrastructure bitcana hopes that cosmos will open the door to a highly efficient supply chain layer and make transfer of bcna coins more seamless which i guess our big canna uh coins so this is just another example of the new world businesses right cannabis business having to plug in to new world technology and new world financial technology which is cryptocurrency because the traditional systems do not support these uh type of businesses and it's really really telling to me like think about it guys these businesses just continue to grow and grow and grow at some point these financial institutions like the banks and stuff are gonna say okay we will start allowing cannabis industry to bank with us and then the cannabis industry is gonna say uh we've had to create entirely new systems because you the banks refused to bank us before so why would we switch to banks when there's already that like we had to guys cannabis industry like think about like colorado they were one of the first to legalize right everything was cash so these business owners had to deal with millions and millions of dollars in cash and have to go pay taxes in cash it's dangerous it's costly a lot of room for for error and issues there right and there's like where do you hold all this cash millions and millions of dollars so in my view screw the banks they are shooting themselves in the foot by by making these cannabis industry companies go and look for alternatives anyway moving on i know most of you came to this video for this story is coinbase preparing to launch its own crypto asset new document hints at a new token now the reason that i'm doing this story is because i've been getting a lot and again this is from a little bit over a week ago maybe but a lot of you guys have been saying but cryptovisor oh my god coinbase is definitely working with cardano and cardano is going to launch the coinbase coin on the cardano platform once uh gogan is fully launched and i'm like first of all i don't think so second of all where are you guys getting these like like i i love the enthusiasm right i really do but like when i say to you guys when is coinbase gonna list cardano and you guys are like oh they're just waiting for gogen and i'm like based on what like where are you making that determination and most of the people are like well it just makes sense i'm like nothing coinbase does makes sense right so let's go through this and then talk a little bit about what i think and why i think it about cardano and coinbase and what's going on there us-based crypto and by the way today's video is sponsored again by crown state pool crown steak pool has been in the staking ecosystem since the launch of the test net for staking which happened in november 2019 they have been online since the launch of staking uh the state pool operator nick has also been on uh rick's podcast with charles hoskinson on one of those videos so you can check them out steakadacoins.io links are all down below in the description and this pool is performing a lifetime return on ada since staking began uh over five percent so very in line with a lot of the top pools and definitely a lot of room in their pool before they reach saturation to continue to make rewards but let's get into it thank you to crown state pool us-based crypto exchange coinbase is hinting at possibly launching its own token as part of its plan for going public in its official filing with the u.s securities and exchange commission to receive approval for the ipo or initial public offering coinbase says that part of its capital raising strategy may include the issuance of its own blockchain tokens in order to support the firm's financial health as a public company they said quote we expect that being a public company and complying with applicable rules and regulations will make it more expensive for us to obtain director and officer liability insurance and we may be required to incur substantially higher costs to obtain and maintain the same or similar coverage these factors could also make it more difficult for us to attract and retain qualified members of our board of directors and qualified executive officers we might require additional capital to support business growth and this capital might not not be available sorry so this kind of goes in line with what i was just talking about over here right the traditional financial system and may not and this is kind of like whether it happens or not that's a different story but it seems like in these prospectuses for uh for listing coins or sorry for initial public offerings it looks like they try to like address any potential risk possible even if it's not [Applause] likely my mouth is going so dry talking but anyway sorry i'm not drinking coffee i actually drank a lot of coffee before this video now i'm just drinking water uh but this is very interesting because like how is that gonna play in like if you own coinbase stock you own a share of the company but if you like what i don't understand is like how are they going to make the coin the coinbase coin uh valuable or give it utility right that i don't understand i would uh guys most of the stuff that coinbase does i don't understand and this is what i tell you guys if you look at what coinbase is doing versus the other cryptocurrency exchanges coinbase we heard wanted to try to become a bank well they stopped doing that and now they're just going public and it seems like that is their only focus it seems like coinbase's only focus is going public and essentially cashing out guys uh there there's no reason that coinbase needs to go public or should go public besides money right and even some of you guys are saying cryptovisor when coinbase goes pop that's what they're waiting for coinbase is waiting until they go public and then they can announce that they listed cardano to increase the share price what makes you think that like coinbase is going public and yeah they may use cardano as an announcement but think about this most of you guys who have already put in support tickets with coinbase three weeks ago when we started talking about coinbase possibilities in cardano i don't think anybody has received a response from coinbase yet so think about that this company is going public people are valuing this company at 100 billion dollars they only made 320 million dollars in profit last year in 2020 i think it was profit i don't think it was revenue i think it was profit 320. and they're valued at a hundred billion dollars they don't have cardano number three crypto listed they don't have any real incentives to utilize or stay on their platform where if you look at like gemini and some of the other cryptocurrency exchanges they're providing staking services high reward i mean even just if you look at gemini and coinbase coinbase for holding the die stable coin you get two percent rewards and on gemini you get 7.4 that's almost 4x what is coinbase doing and this is why i say all of you are so like well not all of you but a lot of you guys are like very confident that coinbase is about oh as soon as this happens coinbase is gonna list cardano i don't think so and i don't think that coinbase has any regard for cardano this is why i'm saying like when you guys are saying to me oh they just launched mary which is true cardano just launched mary earlier this week which essentially creates a multi-asset platform it allows multiple different types of assets to be issued on the platform without the need to uh implement smart contracts smart contracts is obviously coming uh probably like within a month or two from when i'm recording this video and a lot of you guys are like so convinced that this is happening and i i'm like coinbase has not given us any any even indication that they want to list cardano and i have been following cardano since 2017 and i have heard charles i have heard other io global i have heard cardano foundation people state oh we're we are in an nda so we can't discuss it right when i went to bulgaria with the cardano for the cardano two-year anniversary they said we're working on major integrations with crypto exchanges we're a year and a half later since when i was in bulgaria and there's still no listing so i want you guys to think about that right if coinbase hasn't listed it yet why would they list cardano now and not only just list cardano but then utilize cardano for their own token right plus just from a personal side i would rather cardano not be involved with coinbase at that level i'm really looking for a coinbase listing coinbase custody support and maybe staking services on coinbase right even if it's less than you know whatever an average stake pool gets like let's just say they were the same as crown they got five percent even if they gave half of that to the customers and gave two and a half percent or whatever just something that is what i'm hoping for because i'm telling you guys when coinbase goes public something is going to happen it happens with almost every publicly traded company and when you're talking about money and security and like if a crypto exchange gets hacked the hacked crypto is non-recoverable essentially especially if it was already accepted by the network and bitcoin network ethereum network they're not going to reverse transactions like the the miners are not going to reverse the transactions just because oh my god it happened on coinbase right so i would rather cardano not be involved with coinbase i would rather cardano be involved with like uh borrowing and lending platform like blockfi or grayscale or some higher level integrations right so and honestly like let's be real number one this coinbase coin is not going to be for you guys like it's not it's going to be for institutional investors and number two why would you want to own a sorry own a coinbase coin right guys this is where the crypto industry is right top ten nobody wants coinbase coin nobody except for coinbase and they're going to probably do a base coin for you know post ipo make it oh my god we're launching a coin who cares who cares there's five thousand cryptocurrencies five thousand blockchains uh and this is just for them to raise more capital so i want you guys to think about this because a lot of times in in different like ecosystems whether it's cardano or bitcoin or ethereum you got a lot of like story lines going i'm telling you guys i really do not believe and i could be wrong and i hope i'm wrong but i do not believe that coinbase even gives a about cardano i really i i don't even think it's on their mind right and i've told you guys this before i hope that they change this but we need to keep asking the ques think about it guys the largest crypto exchange in the united states is about to go public and it's been three weeks since a lot of you guys have put in coinbase support tickets asking for cardano and in three weeks none of us have gotten a response not even a generic response like hey we have reviewed this we're not listing it right now but it may happen in the future they haven't even gotten to our support tickets what like i just think about like what is happening behind the scenes what else are they backed up on right if you can't even access your account with coinbase you can't speak to anybody you may be in that uh queue if you put in the wrong support ticket and then you're gonna wait three weeks to get access to your account or to like potentially guys coinbase is a freaking mess and if you haven't already done so i would definitely recommend putting a support ticket in but i would say focus on cardano in a silo away from coinbase so coinbase is developing over here and cardano's developing over here there is a lot of you are going to be very disappointed because i think a lot of you guys are expecting that cardano is like doing a lot of stu f with coinbase i don't think anything is happening between the two entities uh and it's really a shame it is really really a shame because coinbase could launch on cardano but uh i watch coinbase is gonna be like oh we're launching on our own blockchain or some nonsense like this is not gonna be a real cryptocurrency they are a mess and as i say just be cautious as we enter this ipo but cardano does have a lot of exciting stuff coming up we have gogin coming in just about a month decentralization is going to be at 100 which means the full network is uh validated by community nodes which are like stake pools such as crown stake pool one of the validators on the incentivized test net one of the validators on the current live test net and they've produced over 400 blocks 5.2 percent return on ada check them out all their links are down below let me know your thoughts in the comments below about everything we discussed from cannabis cosmos coinbase cardano and crown state pool i'll see you guys on the next video invest responsibly do your own research and as always crypto coinbase cardano cannabis and cosmos on