Danny Jones Podcast - #125 - I'm A Teenage Metaverse Millionaire | The Blockchain Boy
Aired: 2022-02-14
Duration: 01:46:28


=== Early Startup Days (03:34) ===

[00:00:07]  All right, welcome blockchain boys.
[00:00:09]  Yeah, thanks for having us man.
[00:00:11]  Yeah dude, for sure, tell uh people who aren't familiar with you.
[00:00:14]  Tell us what you do.
[00:00:16]  We do a lot but uh, if you ever heard of crypto, you know we we delve in that industry a bit.
[00:00:20]  We have a media company called Kryptonite, which is more than a media company, but that's what most people know it as, and this is our ceo, Michael Sessa.
[00:00:27]  We're business partners and co-founders.
[00:00:30]  Michael Sessa, you introduced yourself to me earlier as what, just Sessa?
[00:00:33]  Just Sessa.
[00:00:34]  That's normally what I do.
[00:00:34]  Go by Sessa.
[00:00:35]  All right, cool team calls me Sessa, friends call me Sessa and uh, probably because where I grew up in New York was like a like just basically an Italian neighborhood everybody's name was either Michael or Anthony, and that's Anthony's my middle name.
[00:00:50]  So you just everybody went by their last name and it kind of just stuck cool, yeah.
[00:00:55]  So uh, I like your tick tock.
[00:00:57]  I like your uh, you got some funny stuff on there.
[00:00:58]  What?
[00:00:59]  What do you guys do?
[00:01:00]  You guys just like teach people about crypto and nfts and stuff.
[00:01:04]  You know there's multiple creators under our you know company and for me personally, my focus is more no bs crypto, because the crypto industry is fundamentally built on bullshit.
[00:01:14]  A lot of it is.
[00:01:15]  And so I think that trying to bring people down back to reality, showing them what is real and what's not is important.
[00:01:23]  And I hope that my content fills a role, which is not only educational, but fun as well.
[00:01:28]  So I think, you know, trying to connect with the people who are into crypto, which is also young people who are on TikTok.
[00:01:34]  I was never a TikToker until I was sitting at a Cajun seafood restaurant.
[00:01:38]  And my buddy Michael Wang was like, hey, man, you got to get this app.
[00:01:41]  I'm like, weren't they going to ban that?
[00:01:42]  I thought that was a good thing.
[00:01:44]  I saw all those dancing, you know.
[00:01:46]  garbage like that.
[00:01:47]  But no, there's actually a vibrant crypto scene on TikTok.
[00:01:50]  Really?
[00:01:50]  Yeah.
[00:01:51]  It's seen amazing growth over the last 12 months.
[00:01:54]  Ever since the GameStop stuff, I mean, sure, we've had our moments of, you know, okay, why are we pumping this garbage?
[00:02:00]  Meme coin does nothing.
[00:02:02]  But it's gotten so many people into crypto.
[00:02:04]  I think it's been a genuine asset to the space.
[00:02:07]  How did you get into crypto?
[00:02:08]  The year was 2017.
[00:02:11]  And I, you know, my mom told me about crypto.
[00:02:14]  I was 16 years old.
[00:02:16]  I'm 20 now.
[00:02:17]  So I've been in here for about almost five years, give or take.
[00:02:20]  And my mom was like, hey, there's this thing called Bitcoin.
[00:02:22]  And I was always a tech guy, built my first computer freshman year, programming, that kind of stuff.
[00:02:27]  Not so much now, but it was just, you know, I dabbled and I liked investing.
[00:02:31]  I've always been sort of an entrepreneur.
[00:02:33]  And so, you know, I looked at Bitcoin, it was like $1,000, a little bit under.
[00:02:37]  The next week, it was like two grand.
[00:02:40]  And I said to myself, holy shit, I got to get on this.
[00:02:44]  I had no idea what any of it was, you know, digital gold.
[00:02:48]  Okay, what does that mean?
[00:02:49]  So I hopped right into space.
[00:02:51]  And that led to a passion, both on a professional level and a personal level, that has persisted to this day.
[00:02:58]  How did you guys meet?
[00:03:01]  So, circa around 2017, 2016, I was working on this startup.
[00:03:06]  I'd just left the financial industry.
[00:03:10]  I was with Merrill Lynch for a few years.
[00:03:13]  And I met one of my former business partners, and we were working on this project.
[00:03:19]  Essentially, it was a DAO.
[00:03:22]  It was a lot like a DAO in the metaverse, but it was in 2017.
[00:03:26]  Nobody even knew what the metaverse was back then.
[00:03:28]  So raising funds in traditional capital was hard enough to get it off the ground.
[00:03:35]  And I remember we were out at this convention, actually in Tampa, and we bumped into each other.

=== Meeting Partners in 2017 (07:19) ===

[00:03:42]  What was it?
[00:03:42]  It was like right outside.
[00:03:44]  It was right outside.
[00:03:45]  They had like the Lamborghinis outside.
[00:03:47]  Yeah, this was at the Emil Arena.
[00:03:49]  What was it called?
[00:03:50]  Synapse Summit.
[00:03:51]  Synapse, yeah.
[00:03:51]  It was at Synapse in 2017.
[00:03:53]  2018.
[00:03:54]  2018.
[00:03:54]  2018 sit up summit Tampa, Florida.
[00:03:57]  And he was working for a guy.
[00:03:59]  So, are you like 16 years old?
[00:04:00]  I think I might have been 17 at that time.
[00:04:02]  17, and he was like suited up.
[00:04:05]  It's an orally fitting suit on my head.
[00:04:07]  It's suited up.
[00:04:09]  And I remember you came up to me, you were pitching me the company that you were working with.
[00:04:15]  It was this company.
[00:04:16]  I mean, look, there's so many scam artists, even locally.
[00:04:20]  Yeah.
[00:04:22]  And I'm not going to say that the company was a scam, but the guy he was working for was an asshole.
[00:04:28]  And so it was unfortunate.
[00:04:30]  But he came up to me, had this amazing sales pitch.
[00:04:33]  It was like the best sales pitches I've ever heard.
[00:04:36]  And I could tell he was young.
[00:04:37]  I didn't know how young.
[00:04:38]  And that blew my mind when I found out.
[00:04:41]  So I'm like, you know what?
[00:04:43]  Come by.
[00:04:44]  We were working on a Credo conduit at the time.
[00:04:46]  I was like, come by Credo conduit as a co working space and let's chat some more.
[00:04:52]  And he came through, and I mean, the rest was history.
[00:04:57]  I basically was like, all right, leave who you're working with now because they don't even have a contract in place for you and they're working you like a dog.
[00:05:04]  I was like, so I don't know why you're working for free for them.
[00:05:08]  And we took him in as an intern and gave him papers and then, like, you know, eventually cut equity out of the deal.
[00:05:15]  And unfortunately, that never kicked off.
[00:05:17]  But then, you know, wrap up 2020 and I'm pitching him on Kryptonite.
[00:05:23]  I'm like, hey, you got some interest in going back into the crypto industry?
[00:05:27]  And he's like, yeah, yeah, I do.
[00:05:29]  I was like, I got this idea.
[00:05:32]  And then Kryptonite was born.
[00:05:34]  It actually originally started out as a trading bot company.
[00:05:37]  And then it just spiraled into a media company fast enough.
[00:05:41]  That's what so Kryptonite is a media company, yeah.
[00:05:44]  So we started out literally.
[00:05:46]  I wrote a business plan for this thing and I sent it to one of my now business partners on June 6th of 2020.
[00:05:54]  And it was outlining this whole thing.
[00:05:56]  I was like, We're gonna build a trading bot and we're gonna market it on TikTok.
[00:06:00]  And there wasn't a single crypto TikTok influencer at the time like, none.
[00:06:06]  So I'm scouring this app.
[00:06:07]  I'm like, This is like popping off so fast.
[00:06:09]  Music artists are getting their songs out on it.
[00:06:11]  I was like, This is great.
[00:06:13]  So I took an interim role as a COO at a nonprofit in downtown Orlando.
[00:06:21]  And then I was like, once I came up with this idea, I was like, all right, we need to kick this off because the crypto market's turning around.
[00:06:28]  I saw the writing on the walls.
[00:06:30]  So, two months later, me and my business partner were conceptually in things.
[00:06:34]  I called up Lucas and said, I got something I think I need you to be a part of because I slowly realized this is way too much work for me to become an influencer on TikTok and build an entire company.
[00:06:45]  So I called him up.
[00:06:46]  I said, We had grants at the time, too.
[00:06:49]  I had these two grants from my other company that I was using to fund Kryptonite just to try to get it off the ground.
[00:06:55]  Like, it was so shit because, like, the one grant would lapse and then people weren't going to get paid for two weeks.
[00:07:03]  And I kind of had that other hard conversation where I was like, Guys, listen, if you want to be a part of this, cool.
[00:07:09]  If not, I can't afford to pay for the next two weeks.
[00:07:11]  The grant doesn't kick in.
[00:07:13]  So you're going to miss a paycheck.
[00:07:14]  I'm going to miss a paycheck.
[00:07:15]  I'm not getting paid anything either.
[00:07:17]  And but I called him early 2021 the grant stuff, but we had we had kind of gotten into it at the very end of 2020 end of 2020.
[00:07:25]  Yeah, yeah, because I called him I remember the phone calls like Listen, how would you like to make crypto content on TikTok?
[00:07:31]  I'll pay you $625 a week to be fair.
[00:07:34]  Yeah, I said all you have to do is make content on crypto.
[00:07:37]  I wasn't supposed to be the influencer or the creator whatever I was I've only been biz dev right so more more professional settings and I wasn't supposed to be on the handling the TikTok we had a small team built You know, I picked it up just to see what the platform was like and I did this as sort of a side thing, you know, while we were trying to grow the bot, while we're trying to get the brand down.
[00:08:01]  And long story short, we had picked a few people, a few of my friends, a few people he knew.
[00:08:07]  And we had gotten to the point where we had done photo shoots with the people that we thought were the final candidates to be like, we were going to put on a show produced by us.
[00:08:15]  And I just started making videos.
[00:08:17]  And slowly, it became more so that I was taking way more precedent than anyone else.
[00:08:24]  And it was completely by accident, which is kind of funny because I never really thought I would be the person in front of a camera or making content because mind you, I'm doing this all from my bedroom with no production Like I had an Android phone.
[00:08:39]  Okay, you know, it was camera quality was not great.
[00:08:43]  Let me just let me just say that it's rough beginnings Humble beginnings and we're now officially out of the bedroom as of Monday Wednesday when my new furniture comes in, you know, so Yeah, there you go.
[00:08:58]  Oh, yeah, so it's a body journey.
[00:08:59]  So what you guys are kind of like crypto Crypto financial advisors, or I don't know what that is.
[00:09:05]  Whoa, what's next?
[00:09:06]  Ixne on the financial advisor, definitely not financial advisor.
[00:09:09]  So, what do you got?
[00:09:10]  I don't, I still don't understand.
[00:09:11]  I understand you're a media company, but like, so when it started out, we had a few different partners involved.
[00:09:17]  One of them was a trading guru, and the trading guru didn't turn out well the first iteration.
[00:09:27]  We wound up wasting a good six months, and that was rough because, as I mentioned before, we had grants, they were lapsing.
[00:09:35]  And so time was of the essence.
[00:09:36]  There was a ton of time wasted.
[00:09:38]  And I was like, shit, we got, you know, I think at the time it was like four solid employees that we knew we needed to make paychecks for.
[00:09:49]  And so luckily, Lucas's following was growing at the time.
[00:09:52]  One of our graphics designers that we had on payroll came through Clutch, made him awesome the logo that he has today.
[00:09:58]  Shout out to Nick.
[00:09:59]  Shout out to Nick.
[00:10:01]  And so he actually designed the current iteration, but my initial logo to show you how like little I gave any effort into that.
[00:10:08]  It was $15 on Fiverr.
[00:10:10]  And I was like, hey, make me something.
[00:10:11]  Because there was a guy I used to watch, did great content, but he stopped posting.
[00:10:15]  So I thought, hey, maybe I'll take up where he left off and just fuck around a little bit.
[00:10:19]  But it turned into so much more than that.
[00:10:21]  You can really think of us like a media company and a bot company.
[00:10:23]  The two are quite separated, but we are under the same name.
[00:10:26]  Media company focused on educational content, community, and educating people like how not to get yourself boned.
[00:10:34]  Because we're not financial advisors.
[00:10:35]  I'll never sit here and tell you, hey, man.
[00:10:37]  Go invest in this now.
[00:10:39]  Not only is that blatantly illegal because it's financial advice, but it's also not the thing that I encourage people to do.
[00:10:46]  I like to say, hey guys, this is interesting.
[00:10:49]  Go do your research about it.
[00:10:51]  Okay.
[00:10:52]  Look at the ecosystem behind it.
[00:10:54]  Look at the partners.
[00:10:55]  You know, this is what I'm doing and you shouldn't do this.
[00:10:59]  And this is where I think it could go.
[00:11:00]  Right.

=== Staying Diversified Now (03:59) ===

[00:11:01]  So it's like, it's not necessarily me telling people that, you know, something is about to pop off.
[00:11:06]  It's more about helping them get the tools to do it themselves so they don't need me.
[00:11:11]  Yeah, you know, I want to be on a beach in you know when I'm retired in 20 30 years whatever it is and I want them I want the next person to see my channel and get inspired and do the same thing and help you know everyone grow in the space That's really what I'd like to do personally is just Elevate the crypto space to be taken more seriously because like and TikTok we get made fun of a lot We get made fun of a lot.
[00:11:33]  There's a lot of creators who are only there for personal gain and to make dog shit content.
[00:11:40]  And it's frustrating because that's the videos that people see when they see crypto TikTok.
[00:11:45]  But there's a vibrant community of people who we're not even affiliated with, but we do shows with or have on live streams who are really smart in the industry and have helped educate essentially millions, if not tens of millions of people in the last 12 months.
[00:12:00]  It's beautiful.
[00:12:01]  And I wish people would give it a chance.
[00:12:03]  Hell yeah.
[00:12:04]  Because it's all about community man.
[00:12:06]  How do you guys explain this crypto dip going on right now?
[00:12:12]  It's an emerging market, right?
[00:12:14]  So you have the cycles of adoption crypto's in the.
[00:12:16]  It was like halved in the last week, right?
[00:12:19]  Yeah, let's just say my pockets are hurting, but it's okay.
[00:12:23]  Yeah, because if you can't handle it at its negative 50, then you don't deserve the two 300 x's that come with it.
[00:12:29]  Right nice, it's very similar to the early internet, right?
[00:12:33]  So we're seeing this technology come out and there's blatant ripoffs and scams.
[00:12:37]  This is just.
[00:12:38]  It just comes with the territory.
[00:12:40]  It's opportunists taking advantage.
[00:12:42]  But there's also really cool shit that's being built that will be affecting the financial industry in 10 to 15 years when this technology is done.
[00:12:49]  Ethereum is still in beta.
[00:12:51]  People don't realize that.
[00:12:52]  Vitalik himself is like, hey guys, this was adopted too quickly.
[00:12:56]  It's not supposed to be adopted for mainstream use yet.
[00:12:59]  This technology is very early.
[00:13:00]  I mean, Ethereum gas fees, I paid tens of thousands of dollars last year just to move my money.
[00:13:07]  It's definitely not ready.
[00:13:08]  But we are seeing it get to that point.
[00:13:10]  We're seeing major companies adopt this technology slowly but surely.
[00:13:14]  And just like a forest fire that burns down everything in sight, what comes back will be stronger.
[00:13:20]  And it will be, you know, the newest, greatest thing that we can use in our everyday lives, essentially.
[00:13:26]  Hmm.
[00:13:27]  You got some gem quotes in there, man.
[00:13:31]  It's crazy because, like, you know, when they say, like, we welcome regulation, like, we're just waiting for it.
[00:13:36]  You know what I mean?
[00:13:36]  Because until that time, you're going to have this crazy volatility.
[00:13:40]  But, you know, that's crypto.
[00:13:41]  I mean, it's, it's, I've had days where I'm up 300%.
[00:13:45]  I've had days where I'm, I want to cry in a corner, you know, because my bank account is just, my crypto account, excuse me.
[00:13:53]  Yeah.
[00:13:54]  But you got to stay well diversified.
[00:13:55]  You got to stay well diversified.
[00:13:57]  I put everything I had into cryptocurrency when I was 16.
[00:14:01]  I mean, bro, there's a picture that I have that I keep that in 2020 of me, I borrowed a dollar from my girlfriend who's moving in with me now.
[00:14:10]  And I needed, I needed to deposit it into the bank so I didn't overdraft.
[00:14:14]  All my money was in crypto.
[00:14:17]  Everything, I'm not saying I bought crypto with money I received from a grant, but I was buying crypto basically at the but you kind of are.
[00:14:26]  At every opportunity, and I bet literally everything I had.
[00:14:29]  I dropped out of college to pursue a career in tech startups and crypto, and I knew college was not for me.
[00:14:37]  I find it very frustrating because it's very arbitrary, and I couldn't see myself doing that nine-to-five stuff personally, and I think that we're going to see a lot more of that in the coming years.
[00:14:50]  And crypto and Web3 is a great space to build in.
[00:14:52]  You don't need a college degree.
[00:14:54]  As long as you have a reputation, a foundation, useful skills, you can join a DAO.

=== The NFT Flip Game (13:26) ===

[00:15:00]  You can build cool things with cool people.
[00:15:02]  And you can be really successful at it.
[00:15:04]  I've met more millionaires who are younger than me than I have who are older than me on crypto Twitter.
[00:15:14]  Assuming that they're not famous, just people I see in comment sections who are like 18 or 19 who've like these are people who have bought it when it was super cheap and they just that they've held on to it ever since.
[00:15:23]  Specifically, NFT Twitter.
[00:15:25]  Yeah, of course.
[00:15:26]  People become millionaires in like the last 10 months with NFTs.
[00:15:29]  It's crazy.
[00:15:29]  Yeah.
[00:15:30]  Okay, I'm not going to lie.
[00:15:31]  I fumbled the bag.
[00:15:32]  I looked at the board apes.
[00:15:33]  Art was fucking ugly.
[00:15:35]  I was like, they are literally so ugly.
[00:15:37]  I don't want them.
[00:15:38]  They're dumb.
[00:15:40]  And I was going to buy 10 of them because someone had told me to.
[00:15:42]  And I was like, these things look really gross.
[00:15:45]  I still don't do this.
[00:15:46]  I don't buy NFTs that I don't like the art of.
[00:15:48]  I don't care who they are.
[00:15:50]  I don't care who's doing them.
[00:15:51]  If it's not at least watchable, I'm not putting a board ape on my screen or on a chain.
[00:15:56]  I'm sorry.
[00:15:57]  I love that cube one that you post on your Twitter.
[00:15:59]  The cube, the 3D cube with like the ghouls and goblins inside of it.
[00:16:03]  Yeah, I just retweeted that actually.
[00:16:05]  They were in my comments.
[00:16:06]  No idea what that project is, but they seem cool.
[00:16:08]  They interact with my posts, so I showed them some love.
[00:16:10]  There's a lot of underrated NFT artists.
[00:16:13]  A guy named Sergey out of Miami, really fantastic artist.
[00:16:17]  I first saw his art in 2018.
[00:16:19]  He does crypto art, and he does this.
[00:16:20]  He's a do what you love kind of thing going on.
[00:16:24]  And so I purchased a bunch of his NFTs.
[00:16:26]  No resale value.
[00:16:27]  I spent tens of thousands probably on his NFTs, but I bought them because I liked them, and that's what I do with NFTs personally.
[00:16:35]  Or they have to have really good utility.
[00:16:37]  I buy them, but flip them.
[00:16:39]  That's it.
[00:16:39]  Buy them, flip them.
[00:16:40]  Yep, buy them and flip them.
[00:16:41]  What were those called?
[00:16:42]  No attachment.
[00:16:43]  How long is it?
[00:16:44]  There's people.
[00:16:45]  I have one that I'm attached to.
[00:16:46]  Sorry.
[00:16:47]  Yeah.
[00:16:47]  One.
[00:16:48]  Just one.
[00:16:49]  What were those ones?
[00:16:50]  The Apollons.
[00:16:50]  How are your Apollons doing?
[00:16:54]  This is the problem with the NFT space.
[00:16:56]  90%.
[00:16:56]  That was a mistake.
[00:16:57]  $8,000.
[00:16:59]  Pudgy Penguins was the best flip I ever had.
[00:17:01]  Which was?
[00:17:02]  Pudgy Penguins.
[00:17:03]  Pudgy Penguins.
[00:17:04]  I bought one.
[00:17:05]  I bought a few, but I bought one for $6,000.
[00:17:08]  It was like two Ethereum at the time.
[00:17:11]  And I knew it was rare.
[00:17:14]  He was looking at it like, ooh, this is a rare one.
[00:17:15]  You should definitely get this.
[00:17:16]  I was like, yep.
[00:17:17]  All right.
[00:17:18]  Fine.
[00:17:19]  I had to convince him, too.
[00:17:20]  He had to convince me.
[00:17:21]  I was like, I'm going to spend six grand on a fucking penguin.
[00:17:25]  I was like, are you kidding me?
[00:17:26]  And he's like, bro, do it.
[00:17:28]  This is probably a great move.
[00:17:31]  I said, all right.
[00:17:32]  Fine.
[00:17:33]  Fuck it.
[00:17:34]  And yeah, it sold two weeks later for $80,000.
[00:17:39]  Wow.
[00:17:39]  Cha-ching.
[00:17:40]  God damn.
[00:17:43]  That's fucking incredible.
[00:17:44]  I'm calling him screaming.
[00:17:45]  I'm like, I love you so much.
[00:17:47]  I'll invest in anything you ever tell me.
[00:17:49]  Yeah, right.
[00:17:50]  Ever.
[00:17:50]  Forever.
[00:17:50]  This is great.
[00:17:51]  This is great.
[00:17:52]  Fuck.
[00:17:53]  Yeah.
[00:17:54]  That's awesome.
[00:17:54]  Congratulations.
[00:17:56]  Yeah, congratulations.
[00:17:57]  That's huge.
[00:17:58]  Are the Pudgy Penguins still valuable?
[00:18:00]  Yeah.
[00:18:00]  Funny story with that, you know, I'd like to make it known as an example of what happens in this space.
[00:18:05]  The founders, which, you know, we never did any sponsor to work.
[00:18:08]  People always think that because, like, we really just love the penguins.
[00:18:11]  We talked about them.
[00:18:12]  They were cute.
[00:18:13]  They were already blowing up.
[00:18:14]  Like, we got them.
[00:18:16]  Views, yeah, but they were already they were up 10x when I bought them They were up, you know, they were up 2x when he bought them and so they were still going but the founders basically I Don't want to say rugged, but they basically did another mint of miniature penguins took the Ethereum and basically said all right guys see you later.
[00:18:37]  Thanks for the bag.
[00:18:39]  Yeah, I sold mine way below floor for half an ETH You know, this was my NFT profile picture on Twitter and I've always rocked with the penguins community's great Founders left them dead and hanging.
[00:18:49]  That's the problem.
[00:18:50]  Where's the accountability for these Web3 projects, for these NFT projects in specific?
[00:18:55]  And that's like, if crypto is in the early adoption phase, where the early adopters or the early majority is getting in, NFTs are before the early adopter phase.
[00:19:06]  I mean, if you look at who owns an NFT, you can see the accounts on OpenSea.
[00:19:11]  I think it's 3 million.
[00:19:13]  And a lot of those are probably people selling to themselves.
[00:19:15]  I'm going to keep it real with you.
[00:19:17]  But we will see NFTs integrated in a major way.
[00:19:20]  Just like we saw crypto kind of blow up in 2021.
[00:19:24]  It's sort of like 2017 for NFTs right now.
[00:19:27]  So I'm probably going to buy more, probably as much NFTs as I do crypto during the bear market.
[00:19:33]  Really?
[00:19:34]  Yeah, absolutely.
[00:19:35]  Anyone who doesn't is a fool, in my opinion.
[00:19:37]  No financial advice.
[00:19:39]  And some NFTs aren't just art.
[00:19:40]  Some NFTs are like, what people understand, NFTs are like passes for things.
[00:19:44]  Yeah, like the yacht club, the Ape Yacht Club.
[00:19:47]  You're a member of a club.
[00:19:48]  Then you can go to the Discord, you go to the parties, all that stuff.
[00:19:52]  But even more so, they can make you more money past that.
[00:19:56]  So like.
[00:19:59]  We just, well, so me and my friend Joshua Jake, who's a business partner of ours as well, we just joined as advisors to this NFT project called the Blockchain Miners Club.
[00:20:09]  And, you know, they minted these NFTs, right?
[00:20:12]  They're really cool artwork, but they entitle you to a community reward, right?
[00:20:17]  And so they basically took this mint money that they had from raising from these NFTs and they bought a bunch of Bitcoin miners.
[00:20:25]  So they've got all these Bitcoin miners, hundreds of them, mining Bitcoin.
[00:20:28]  And there's some, I think there's some Ethereum miners going on too.
[00:20:33]  They've got all this passive income coming in that they're reinvesting and holders of these NFTs are entitled to the community rewards.
[00:20:41]  It's not a direct investment thing, but you get your community rewards for owning these miners.
[00:20:46]  And so things like that really excite me for NFTs.
[00:20:50]  This is what I'm more than anything excited for is the ability for people to actually show the utility that they have.
[00:20:58]  And you can actually burn two of these together to create an ultra miner, which has a token attached to it.
[00:21:04]  Which they're trying to integrate into a couple different ecosystems.
[00:21:07]  But it's really pushing the boundaries of what is an NFT.
[00:21:10]  Is it just art?
[00:21:11]  Well, no.
[00:21:12]  All an NFT really is, is just saying that you own a specific thing and it's like a right.
[00:21:18]  So I have the rights to this NFT.
[00:21:20]  It's my NFT.
[00:21:22]  But it could represent anything.
[00:21:23]  I mean, this table could be an NFT.
[00:21:25]  It's like a deed saying, hey, this is my table.
[00:21:28]  Right.
[00:21:28]  It's like a deed.
[00:21:29]  It's like a patent, maybe, to that.
[00:21:32]  Ticket sales are going to be the biggest thing in NFTs.
[00:21:34]  I always said, if we weren't doing this, I'd be trying to solve for ticket sales for sporting events or concerts or whatever else.
[00:21:42]  Because as soon as they square that circle, like all ticket sales will be NFTs.
[00:21:49]  It just makes so much sense.
[00:21:50]  It solves scalping issues, it solves royalty issues.
[00:21:54]  I mean, we can do that now, right?
[00:21:56]  You just get to your little Apple wallet and they send you like the little QR code in your wallet and it's kind of like that.
[00:22:01]  So the difference would be is, say you sold like a You know, you're Jay Z and you sell, you know, a concert out, right?
[00:22:09]  There's going to be tons of people who like buy up your tickets, especially like we see all this.
[00:22:13]  And then they're going to try to resell them for, you know, 5X the price right before the show.
[00:22:19]  So if you're Jay Z, you can go in and if you sell by NFTs and each ticket's an NFT, you go in and say, well, all right, that's fine.
[00:22:27]  But every time that ticket's sold, when it gets transferred, like 10, 20, 30, whatever percent of the value is going to go back to the artist.
[00:22:35]  And now poor people aren't going to be able to go to Jay Z concerts.
[00:22:38]  So, you know, people can't go to them now.
[00:22:41]  Yeah, if you're poor.
[00:22:42]  Well, how much is a Jay-Z ticket?
[00:22:44]  A couple hundred bucks probably at least.
[00:22:46]  Yeah, but if he's doing it with NFTs and people are scalping them on the black market, they're going to end up being thousands of dollars.
[00:22:52]  NFTs don't solve traditional issues.
[00:22:55]  They oftentimes present new ones, right?
[00:22:57]  We see this a lot with projects that get exploited.
[00:23:00]  And this is actually a really, so I don't know if you've heard, this is a great example.
[00:23:04]  The blockchain is like, you know, bringing a bunch of meat in front of hungry lions.
[00:23:10]  And these hungry lions are biting at their cage, trying to get in and get the juicy meat.
[00:23:16]  Because even though, yeah, okay, it's immutable.
[00:23:18]  Great.
[00:23:18]  This Ethereum is my Ethereum.
[00:23:20]  There's no bank.
[00:23:21]  Everything else is still a risk.
[00:23:24]  These board apes were getting sold for, you know, 1.7 ETH, 0.7 ETH recently, just last week, because of an API issue with OpenSea.
[00:23:34]  Essentially, what was happening is that people had them listed, you know, six months ago for that price, but they didn't want to pay the delisting fee, which is Ethereum gas fees are prohibitively expensive.
[00:23:44]  So they would send it to another wallet and then back again, violating that smart contract.
[00:23:49]  But someone found an exploit where even though it wasn't publicly available on the blockchain, that smart contract was still active.
[00:23:56]  So they would immediately buy it, flip it for maybe 20 or 30 times what they bought, and make off with, you know, 100 grand or less than that sometimes, but 80 grand.
[00:24:05]  And so there's a lot of exploits in the space right now.
[00:24:09]  And it's just, like I said, part of the emerging technology that's coming here.
[00:24:12]  We're going to see these kinks.
[00:24:14]  But still, there's more wins than there are losses.
[00:24:16]  I mean, have they fixed that yet?
[00:24:20]  It's OpenSea.
[00:24:21]  OpenSea is terrible.
[00:24:22]  The Board Ape, I thought like last week the floor on those things was 90 Ethereum.
[00:24:27]  Now it's like 118 Ethereum.
[00:24:29]  It's insane.
[00:24:30]  Yep.
[00:24:30]  Justin Bieber just bought Board Ape for 500 Ethereum, I believe.
[00:24:35]  See, that seems like the whole value in it is just because celebrities buy it and people think it's cool.
[00:24:39]  Like Jimmy Fallon, Justin Bieber, whoever else, Post Malone, whoever else bought those things.
[00:24:44]  And it's like more and more celebrities or famous people with big twitter followings will buy them and then it makes more people want to jump in.
[00:24:51]  But it also does have like all those cool intangible value to it, like the Discord and the parties and the merch and all that stuff too.
[00:25:01]  And keep in mind, a lot of these celebrities didn't actually buy them.
[00:25:05]  They used something called Moonpay Concierge.
[00:25:07]  And, you know, we can debate about whether or not they're actually paying for these, but I think I have a sneaking suspicion some of these celebrities, they were gifted at 40.
[00:25:15]  Really?
[00:25:17]  I think this is very likely.
[00:25:18]  What is Moonpay Concierge?
[00:25:21]  Moonpay, you know, they're kind of a company in the space that puts together, from what I understand, I'm not a huge expert.
[00:25:28]  I haven't really looked into them that much.
[00:25:30]  They put together like, you know, if you want to invest in NFTs, but you don't want to do it yourself.
[00:25:35]  So they have a concierge service and they've got some other stuff going on.
[00:25:39]  But I think it's no coincidence.
[00:25:41]  Let's just say that, that all these board apes started appearing.
[00:25:43]  Yeah, you want exposure, but you don't want to take the time to learn about it.
[00:25:46]  Yeah.
[00:25:47]  So you want to be in the crowd, but you don't want to do anything for it.
[00:25:50]  And I'm not like a huge, I don't know much about Moonpay.
[00:25:53]  I just know that they have the service.
[00:25:55]  Those types of services are going to be around for a long time.
[00:25:57]  I mean, that's why financial advising services are around because people don't want to learn what to invest in in stocks.
[00:26:01]  They just want to build their wealth and then toss it over to a financial advisor.
[00:26:05]  It's the same thing.
[00:26:06]  Really?
[00:26:07]  You know what I mean?
[00:26:08]  Interesting.
[00:26:09]  There's a lot of smoke and mirrors in this industry, man.
[00:26:12]  I mean, more than I could explain in a podcast episode.
[00:26:15]  What's the chances of the bored ape is just one big scam?
[00:26:17]  These guys are just going to hit the freaking highway.
[00:26:20]  The craziest thing is that there's a lot of.
[00:26:24]  You know, rhymes with Yahtzee imagery behind these bored apes.
[00:26:28]  People don't talk about that much.
[00:26:29]  There's a guy on Twitter who I, you know, people debate.
[00:26:31]  I did notice that.
[00:26:33]  I did notice that.
[00:26:34]  So I had this guy, I had this guy, Brett on the Brett Phillips baseball player on the podcast last week, and he taught me about the bored apes literally last week.
[00:26:43]  And so me and a friend of mine went and bought one, and it has this crazy helmet on it.
[00:26:49]  Here, I'll show it to you.
[00:26:50]  And we just looked it up today, and it's some fucking.
[00:26:55]  It's like a German Nazi helmet.
[00:26:58]  I was going to say the only thing I could think that rhymes with Yahtzee is Nazi.
[00:27:02]  I didn't know if it were, you know.
[00:27:03]  But I didn't know if I was missing a word or if I'm like.
[00:27:06]  Yeah.
[00:27:06]  So there's a lot of historical references behind the Bored Apes Yacht Club, and I'll send you guys this afterwards.
[00:27:12]  I was very doubtful.
[00:27:13]  I thought maybe it's a coincidence.
[00:27:15]  There's a lot of stuff that just, you know, and I'm not saying that they are definitely, definitely intentfully doing this, but there just seems to be a lot of coincidences here.
[00:27:25]  They're definitely too big to fail.
[00:27:28]  There's the Bored Apes.
[00:27:29]  I would be very surprised if they did not last probably, you know, for conceivably as long as NFTs are a thing, unless something drastic happened, because they've got, they've hit critical mass.
[00:27:39]  You can't go back from.
[00:27:41]  Justin Bieber aping into it.
[00:27:42]  They could get canceled.
[00:27:45]  I doubt it.
[00:27:46]  For wearing German World War II helmets.
[00:27:50]  But the powers that be behind crypto don't want that to happen.
[00:27:53]  Who are the powers that be?
[00:27:54]  Well, there's Twitter and then there's crypto Twitter.
[00:27:58]  And crypto Twitter has a, what would you say, like a different set of rules?
[00:28:03]  Crypto Twitter is an interesting set of Twitter.
[00:28:05]  It's very different from anything else.
[00:28:07]  But like, you know, when I say the powers that be, It's a very general topic because it's hard to track down who those are.
[00:28:15]  But cryptos run, you know, there's a lot, like I said, a lot of smoke and mirrors in this industry that I'm trying to cut through.
[00:28:22]  And a lot of people have been made enemies of other people because they try and do the same thing, you know.

=== Crypto Twitter Rules (14:48) ===

[00:28:27]  But it is what it is.
[00:28:29]  I think that ultimately we will see this space grow and evolve to where people can recognize that.
[00:28:34]  You know what I'm saying?
[00:28:36]  Like one of the things that I see a lot, so I also have a side thing I'm doing.
[00:28:40]  I partnered with Dowmaker, which is like the number one like legit crypto launchpad in the space.
[00:28:45]  Shout out to the Dowmaker team.
[00:28:48]  I'll send them this video.
[00:28:49]  And we're running something called InfinityPad.
[00:28:51]  So I've learned how to kind of do IDOs, initial offerings, and not available in America.
[00:28:59]  Shout out to my non-American friends.
[00:29:02]  But there's a lot of VCs in the space that are just out here to just get their bag.
[00:29:07]  There's a lot of VCs and LPs that are just out here to use DeFi and Web3 to do the same thing they did in Web2.
[00:29:14]  And it's very frustrating to see that.
[00:29:16]  So I think that we can build a system that makes them Obsolete.
[00:29:21]  And that's kind of what I want to focus on doing so that they don't have control beyond the space because a lot of these projects have that.
[00:29:28]  So, are all NFTs reliant upon Bitcoin mining or Ethereum mining?
[00:29:35]  Because Ethereum, the only way Ethereum transactions, like those gas fees, right?
[00:29:39]  Those gas fees are because you got to pay for the people that have the miners, right?
[00:29:42]  You got to pay the miners to do those transactions.
[00:29:46]  So, Ethereum, is Ethereum reliant on mining?
[00:29:52]  Yeah, for now.
[00:29:53]  For now, until it goes proof of stake or whatever.
[00:29:55]  People think Ethereum is the only network you can have NFTs on.
[00:29:57]  That's not true.
[00:29:58]  Oh, it's not true.
[00:29:59]  Yeah, no, there's a ton of different networks.
[00:30:00]  There's Ciro, there's Solana, there's environmentally friendly networks, might I add, that don't have the impact that Ethereum has.
[00:30:07]  Huh.
[00:30:07]  Like my newest thing is AVAX, Avalanche NFTs.
[00:30:12]  I love that whole ecosystem.
[00:30:13]  It's so fast, so clean.
[00:30:17]  And it's just got so many more use cases than I think even Ethereum NFTs do.
[00:30:22]  Really?
[00:30:23]  Yeah, I'm here for it.
[00:30:24]  I'm definitely making the transition over.
[00:30:27]  To give you guys some history in this space, like 2017 was about the cryptocurrencies, right?
[00:30:32]  Emphasis on the currency.
[00:30:33]  No one cares about that right now.
[00:30:35]  Bitcoin is one, okay?
[00:30:36]  No one's replacing Bitcoin.
[00:30:37]  It used to be Bitcoin Cash and Bitcoin had a thing going.
[00:30:40]  No, Bitcoin Cash is gone.
[00:30:42]  Nowadays, it's about the layer ones and layer zeros.
[00:30:45]  To give you an example, that's essentially networks like Ethereum that projects can be built on top of.
[00:30:50]  And it's been a mad dash for which layer one, layer zero, Etc., whatever you want to call it, which blockchain platform is going to win the race?
[00:31:00]  I made a bunch of money.
[00:31:02]  Shout out to this man here off of a layer two called Polygon Matic.
[00:31:06]  That was my biggest W last year.
[00:31:08]  That's the other one that you can buy shit with on OpenSea is Polygon.
[00:31:12]  Yes.
[00:31:13]  Which is great.
[00:31:14]  I put a grand in at a penny.
[00:31:19]  I bailed out at 90 cents and then it shot up to $2.80.
[00:31:23]  That was funny.
[00:31:25]  Look, I'm not mad about it.
[00:31:27]  It was still a 9,000x return on one investment.
[00:31:33]  It was.
[00:31:34]  Yeah, that's insane.
[00:31:35]  Yeah, it was great.
[00:31:36]  So, you guys are just watching this shit all day long.
[00:31:38]  All day.
[00:31:40]  Well, for me, it goes back to why I couldn't be a creator at the time, was because building a business is just insane, especially one that has the amount of like, I think we're at 18 employees now, something like 18 employees, and we have like three different business models all under one house and all thriving.
[00:32:03]  You know, like we're really trying to be a holistic.
[00:32:06]  Company in the space that's doing a lot, we want to do cool stuff.
[00:32:09]  We've worked with some really cool brands, we've worked with really cool creators.
[00:32:13]  Um, and so we're just trying to you know scale up here as far as we're going.
[00:32:17]  I mean, I'm pretty happy with our team right now.
[00:32:19]  Yeah, Trading Bots launching in two weeks.
[00:32:21]  We got the media company, we've done over I think our best month was something like three quarters of a million in deals, and then uh, and then we have our Discord community, which we just we broke a hundred thousand last month that took a small dip.
[00:32:37]  I think we went down about six seven thousand.
[00:32:39]  When the crypto market took a nosedive.
[00:32:41]  People don't want to see their portfolios.
[00:32:43]  They don't want to think about it.
[00:32:44]  They don't want to think about it.
[00:32:46]  Seems like the people that get the richest off that stuff are the people that just forget about the crypto they have.
[00:32:51]  They forget about their wallets.
[00:32:52]  It's the best way to be.
[00:32:54]  I'm completely emotionless.
[00:32:55]  Even though my portfolio goes up and down, I think really what separates the people who are going to make it in early technology like crypto is the conviction that they have behind their investments.
[00:33:09]  It was not easy. to get here everyone's like oh my god you're so lucky you invested in ethereum when it was early you invested in bitcoin when it was early yeah okay we saw our portfolios i hit six figures when i was 17.
[00:33:22]  i saw that portfolio decimated over the next year and a half two years you don't understand like people people think it's easy it's not easy to hold an asset down 90 and then back up again it's not i watched my account go from 68 000 to 3 000 in 2018 the entire way down yeah you stayed on the train though right oh yeah i didn't sell a thing Nice.
[00:33:45]  The only ones that get hurt are the ones that jump off.
[00:33:48]  Yeah, man.
[00:33:50]  I tell people to take their profits because you don't want to be stuck holding the garbage networks.
[00:33:54]  A lot of stuff from 2017 ain't here now.
[00:33:56]  And it's going to be the same way next time.
[00:33:59]  It's just how it goes.
[00:34:00]  You've got to consolidate into what I call the blue chips.
[00:34:03]  Ethereum is a great example of that.
[00:34:05]  Ethereum is a blue chip?
[00:34:07]  No, it's not going anywhere.
[00:34:08]  It's the bluest of blue, in my opinion.
[00:34:10]  What do you mean by that?
[00:34:11]  It means Ethereum is not about to die tomorrow.
[00:34:14]  There's a lot of vaporware projects, like stuff that is clearly experimental and for whatever reason could fail.
[00:34:22]  Even the biggest projects in the space in 2017 are shadows of their former selves.
[00:34:29]  You just never know what's going to last.
[00:34:31]  So, Ethereum and Bitcoin are like the two biggest ones, right?
[00:34:33]  Those aren't going anywhere.
[00:34:34]  Yeah.
[00:34:35]  And look, everything that I invested in back in 2018 is still around today.
[00:34:41]  And then there's some new ones that I've added on that just are blue chip quality.
[00:34:47]  The networks are too large, there's too many people using them.
[00:34:51]  And the real thing is just like find use cases.
[00:34:53]  It's one of the hardest things for real new use cases to come about.
[00:34:56]  Is so many different projects come out and they just want to build a coin.
[00:35:02]  And they come up with a problem to solve, but there's really no problem there.
[00:35:08]  This gets compared to the internet in the late 90s where everybody had a website for everything.
[00:35:15]  And it's like, that's great, you can have it up, but is it really worth anything?
[00:35:18]  It's bringing value to people.
[00:35:20]  How many people are actually going to know about it, see about it?
[00:35:22]  Or if you have 50 websites doing the same thing, which one's going to come out on top?
[00:35:27]  And, you know, it makes it really hard in this space for the new projects that are true blue and like really solving a problem to be found or heard of, you know, because you just have thousands of shit projects.
[00:35:42]  There's 10,000 shit projects.
[00:35:44]  20,000 coins, you know, it's a trial by fire.
[00:35:47]  The crypto market is throwing shit at the wall and seeing what sticks for some of it.
[00:35:51]  And the projects that get really big will make those investors a lot of money, you know?
[00:35:55]  You're an early investor in Polygon, like we were.
[00:35:58]  Great.
[00:36:00]  As soon as they said it speeds up Ethereum, and I was like, oh, I've been on Ethereum.
[00:36:05]  It's slow as shit.
[00:36:07]  I was like, yeah, this is something that'll pop off.
[00:36:09]  Like, if I can trade on this or I could do something on this and it makes my transactions faster, this is, it was at one cent.
[00:36:16]  I was like, this will be a dollar easily.
[00:36:19]  But there's other projects that do the same thing, or that's an example, but there's projects that compete with each other and some of them die and some of them do really well.
[00:36:27]  That's, like I said, having conviction that you're picking the right one, you got to know what you're doing.
[00:36:32]  It's the BS.
[00:36:33]  Like, have you seen that house out in?
[00:36:34]  I just watched this.
[00:36:37]  It's like the most expensive house in America.
[00:36:39]  Oh, yeah, in Los Angeles.
[00:36:41]  In Los Angeles.
[00:36:41]  $500 million.
[00:36:42]  Yeah, I saw that.
[00:36:43]  Jesus.
[00:36:44]  And I'm watching this thing, and they're like doing the walkthrough.
[00:36:46]  It's ridiculous.
[00:36:47]  Like, 150,000 square feet or 100,000 square feet or something like that.
[00:36:51]  And they're talking about like, it's in bankruptcy court.
[00:36:53]  Yeah, they said it was going to sell for like half price, like a quarter million dollar or 250 million.
[00:36:59]  Right.
[00:36:59]  And the guy goes, they're looking into tokenizing it.
[00:37:03]  I'm like, why?
[00:37:05]  Why?
[00:37:06]  And it's, they have to throw blockchain in there.
[00:37:08]  It's like, that's the type of shit that is repressing good projects and like stuff in this industry.
[00:37:16]  Oh, wow.
[00:37:18]  You guys hear a constitution down?
[00:37:19]  Tokenizing it.
[00:37:20]  What the fuck?
[00:37:21]  You can fractionalize things.
[00:37:23]  You can fractionalize ownership.
[00:37:24]  They did this with the original Doge.
[00:37:26]  So you're saying like make the house, break up the house into individual like things.
[00:37:30]  People can own parts of the house.
[00:37:33]  Imagine, imagine the logistical part of that is.
[00:37:36]  So turning the house into like, The fucking SP 500 or something.
[00:37:40]  Imagine the deed, but cut up into thousands of little pieces.
[00:37:43]  Right, gotcha.
[00:37:44]  Okay, I see.
[00:37:45]  And Constitution Dow was a great example of that, but it almost worked and then it didn't.
[00:37:49]  They were trying to buy a copy of the U.S. Constitution.
[00:37:52]  They raised like, oh God, I can't remember, tens of millions.
[00:37:56]  Yeah, but you don't need a blockchain to do that.
[00:37:58]  Yeah, it's called a reggae plus offering.
[00:38:00]  But who, okay, my.
[00:38:01]  And break up an asset into pieces.
[00:38:03]  Rally does that with Pokemon cards.
[00:38:06]  My friend's not going to do that.
[00:38:07]  My friend's not going to go to a reggae offering, you know?
[00:38:10]  All right, that's fair.
[00:38:11]  What they do have is Ethereum, and they can commit that Ethereum to buy the U.S. Constitution.
[00:38:15]  Ultimately, it didn't work.
[00:38:16]  They were outbid on Sothabeast, but it's a really cool idea.
[00:38:20]  And you know what's crazy?
[00:38:21]  They ended up making a token out of it, a DAO token that ended up doing like a 50X or something crazy.
[00:38:27]  Crazy shit, yeah.
[00:38:28]  What the fuck is a DAO token?
[00:38:30]  It's a governance token.
[00:38:32]  So a DAO, right?
[00:38:33]  A decentralized autonomous organization.
[00:38:36]  There's three main things that came out of this bull run.
[00:38:38]  DAO, not DOW.
[00:38:39]  Okay.
[00:38:39]  Yeah, DAO.
[00:38:40]  DAO.
[00:38:41]  Okay.
[00:38:41]  And, you know, there are governance tokens that you can vote, essentially. to choose to determine the future of the project.
[00:38:48]  So it's kind of democratizing projects and things that people want to do.
[00:38:55]  And there are DAOs for all kinds of stuff.
[00:38:59]  The governance token is what makes it that, which is kind of cool, right?
[00:39:02]  So you can do a lot of really interesting, nifty stuff, which Constitution DAO is just a fun example of that.
[00:39:08]  Think of it as like a company without a C-suite.
[00:39:12]  Just everybody's kind of, you say like governance token, like the people decide.
[00:39:17]  Like the truest form of democracy, is it similar to like what they say with the board ape?
[00:39:23]  You'll be able to uh stake it and earn like you.
[00:39:28]  I heard some brat was telling me something about you.
[00:39:30]  If you own the board ape NFT, you can stake it and then they're going to create a token called like ape coin.
[00:39:37]  And then once that comes out, you'll be able to earn this ape coin without doing anything.
[00:39:43]  You just stake staking it means like you skew you you sign off that you're not going to sell the NFT for x amount of time.
[00:39:49]  It's a smart contract, so yeah.
[00:39:51]  Pick a time and put it in there.
[00:39:52]  And staking's, look, Tim's going to kill me for saying this.
[00:39:56]  Staking's smart in my book.
[00:39:57]  Like, you can stake tokens that are already out there.
[00:40:00]  Like, if you ever heard of like crypto.com, it's a great app.
[00:40:03]  I have a lot of crypto assets on there and I stake everything through there because if you are, you know, like a certain tier, you get extra rewards.
[00:40:12]  So it's kind of like locking your money up at a CD in the bank, only instead of getting some shit percentage, you're getting six, 10, some 15% PA on your.
[00:40:21]  You can get 30% and it's still considered relatively safe.
[00:40:25]  Just for holding it.
[00:40:27]  So, yeah, it's like a certificate of deposit, but for your crypto funds.
[00:40:30]  And now, yeah, it's pouring over into the NFT space.
[00:40:33]  Right.
[00:40:34]  I can see how it makes the NFTs more valuable if you claim you're not going to sell it for a certain amount of time.
[00:40:38]  Sure.
[00:40:38]  I still don't understand how, if they make a coin, how you get paid from that.
[00:40:43]  I mean, it all comes down to what they're going to use it for.
[00:40:45]  I'm not a board ape member.
[00:40:47]  I couldn't give a shit, really, about what they're doing.
[00:40:49]  Right.
[00:40:49]  But, you know, I'm sure they're going to, it'll be something cool.
[00:40:51]  Maybe you can buy exclusive merch with it.
[00:40:53]  Maybe you can.
[00:40:54]  Gain exclusive vip access into a club on the yacht in Miami or something crazy, you know.
[00:41:01]  So there's a lot of cool utility you can do.
[00:41:03]  I don't know necessarily if it's a governance token um, but you know the use case is whatever they decide.
[00:41:10]  I mean i'm not going to buy any myself, I don't think personally.
[00:41:13]  Yeah, but i'm sure it will be tradable like any other decentralized uh, you know exchange.
[00:41:18]  They could just list it on there and, you know, get it going, you need swap.
[00:41:22]  Hmm interesting, do people still uh, mine cryptocurrency to make money?
[00:41:29]  Yeah.
[00:41:29]  Really?
[00:41:30]  It's just the issue is that with every consensus mechanism, consensus algorithm, form of consensus, essentially how a blockchain works, right?
[00:41:39]  You have proof of work, you have proof of stake, you have dedicated proof of stake, you have all these kind of, you know, you have a DAG directed acyclic graph technology like Hedera Hashgraph and Constellation Network.
[00:41:55]  And so there's a bunch of different algorithms and ways to do it.
[00:41:58]  Bitcoin mining and Ethereum mining for most people is not going to be an endeavor that's worthwhile because Bitcoin specifically, you need a lot of money.
[00:42:08]  Yeah, you got to buy those crazy specialized, what the fuck are they called?
[00:42:11]  Ant miners.
[00:42:12]  Ant miners, yeah.
[00:42:13]  From Bitmain out of China.
[00:42:14]  And unless you have like a handshake agreement where you can get a bunch of miners, it's going to be difficult.
[00:42:19]  You're going to be waiting months to year.
[00:42:21]  If you don't get scammed.
[00:42:23]  I mean, it's very tough to secure these legitimately.
[00:42:27]  And you need, I assume, another handshake agreement with the local government because I don't know, you know, what the rate of power is at this place, but you know, unless you got some cheap energy, you're not going to make much.
[00:42:37]  You're really.
[00:42:38]  Yeah, it's fucking ridiculous.
[00:42:39]  I'd like dip my toe into it a little bit and I bought like six of the uh 30 90s and it makes me like 20 a day.
[00:42:47]  So that's Ethereum.
[00:42:48]  You're mining Ethereum, right?
[00:42:49]  Yeah yeah, you know this is.
[00:42:51]  My biggest gripe is that Ethereum 2.0 is not here.
[00:42:54]  Ethereum is switching from proof of work right to proof of stake right, and then Ethereum mining is going to be dead and Gpu mining is going to be worthless until I find another coin to mine right, which will be a while.
[00:43:03]  I mean, you can actually mine a couple different things.
[00:43:05]  You can go into nodes.
[00:43:07]  Yeah, what's a nodes?
[00:43:08]  Nodes are my new favorite thing.
[00:43:10]  Man, I make like a Few hundred bucks a day just by running notes.
[00:43:13]  What the hell is a node?

=== Mining Power Challenges (05:17) ===

[00:43:15]  It's basically you're sometimes you're purchasing a node on a network, right?
[00:43:21]  Or you're normally with nodes, you're not like staking.
[00:43:23]  So, like with staking, you get your coin back, right?
[00:43:26]  But with purchasing a node, you're actually purchasing it.
[00:43:28]  So, like Strong Block, for instance.
[00:43:32]  I don't know.
[00:43:34]  Listen, all right, what do we do?
[00:43:35]  What about Thor?
[00:43:36]  We'll do Thor Network.
[00:43:38]  Sure.
[00:43:39]  Like Thor Network, Thor Finance.
[00:43:41]  There's dubious.
[00:43:42]  For anybody who's new to this, nodes are very dubious.
[00:43:45]  There are some that are good, some that are questionable.
[00:43:47]  You need a good strategy and you need a good exit plan.
[00:43:50]  But essentially, you're helping the network, whatever protocol that is, like approve transactions, right?
[00:43:57]  You're validating transactions on a network.
[00:43:59]  And there are Bitcoin nodes too, but you're not getting paid if you're not validating.
[00:44:02]  It's not a piece of hardware.
[00:44:04]  No, you can actually run it right on your computer.
[00:44:06]  And some of them are this is my rule of thumb with them the easier they are to set up, the more risky they are.
[00:44:14]  Like, that is for sure.
[00:44:15]  That's with anything, right?
[00:44:16]  Right.
[00:44:16]  The easier there is.
[00:44:18]  Like Hex.
[00:44:19]  But some of it does make sense.
[00:44:21]  I have heard of Hex.
[00:44:22]  That guy's been trying to get on this podcast.
[00:44:24]  Richard Hart.
[00:44:24]  Yes.
[00:44:25]  So Richard Hart is a very interesting, and I know this is he hasn't been trying to get on here.
[00:44:30]  Somebody's been trying to set it up to get him on here.
[00:44:33]  Richard Hart, and I know I'm going to get tagged on Twitter, in my opinion, is running what I would consider to be a project with questionable fundamentals.
[00:44:46]  We'll just say that.
[00:44:47]  What's he doing?
[00:44:49]  Hex is essentially a clone of Ethereum.
[00:44:53]  You have to stake your hex for a long time.
[00:44:56]  They're also running something called Pulse Chain.
[00:44:58]  You have to sacrifice to get onto Pulse Chain.
[00:45:01]  I don't really mess with it.
[00:45:02]  Sacrifice what?
[00:45:03]  I'm pretty sure you're a baby.
[00:45:04]  Sacrifice your hex to get Pulse.
[00:45:07]  I'm not a hex expert.
[00:45:09]  I've only been on the website a few times.
[00:45:11]  I've looked at their community.
[00:45:12]  I've been through their stuff.
[00:45:13]  I've looked at what they're doing.
[00:45:15]  On their website, if you want to scroll down and look at it.
[00:45:19]  at the very bottom.
[00:45:19]  There's a piece of text.
[00:45:21]  Abusive text.
[00:45:22]  A piece of text.
[00:45:23]  It's a small little paragraph.
[00:45:25]  It's essentially like saying, you know, this is a political statement.
[00:45:29]  You're behind freedom of speech.
[00:45:31]  You know, this is not investment.
[00:45:33]  Also, you know, you have to do this if you're about free speech and this and that.
[00:45:37]  And I'm like, what is this, man?
[00:45:39]  The network is really nothing new, in my opinion.
[00:45:42]  It's like, and people will, I know they're going to come at me.
[00:45:46]  In my opinion, Hex is just like the new BitConnect.
[00:45:49]  Who's going to come at you?
[00:45:50]  They have a very dedicated community.
[00:45:52]  Crypto Twitter.
[00:45:52]  Crypto Twitter.
[00:45:54]  I have, yeah, they have gone through all my videos and made hate clips.
[00:45:57]  I'm actually in a music video.
[00:45:59]  I'm in a music video.
[00:46:00]  You made it.
[00:46:01]  Where they call us Furus.
[00:46:04]  Furus.
[00:46:04]  Yeah, and there's a Hex rap video where it's like, you know, they actually have a few of my buddies and they have them in caskets.
[00:46:11]  They have their picture and a casket, and it's like they're burying the Furus.
[00:46:15]  It's like weird.
[00:46:16]  It's a weird conversation.
[00:46:17]  Why?
[00:46:17]  Because you guys talk shit about Hex?
[00:46:18]  Yeah, because if you're not with us, you're against us.
[00:46:21]  I have nothing against Hex investors.
[00:46:23]  I just don't think the network is good.
[00:46:24]  It doesn't do much.
[00:46:26]  I think it's just like there's a reason it's not on CoinMarketCap, you know, like where they say it should be.
[00:46:31]  There's a lot of networks that do the same thing.
[00:46:35]  I think it's so hilarious.
[00:46:36]  There's so much competition in all these crypto networks and crypto coins and people who are invested in certain ones.
[00:46:43]  It's like such a tribal competitive world in crypto, especially when you combine it with social media.
[00:46:50]  It's just like pouring gas on fire.
[00:46:52]  You can do anything you want.
[00:46:54]  You can fork Uniswap, right?
[00:46:56]  This is what Ty Lopez is doing.
[00:46:58]  He has the Radio Shack brand.
[00:46:59]  Oh my God, I forgot about that guy.
[00:47:00]  He has the Radio Shack brand.
[00:47:02]  And essentially, I looked into this a little bit.
[00:47:04]  He's like forking Uniswap and then calling it Radio Shack or something like that.
[00:47:08]  That like a Radio Shack decentralized exchange.
[00:47:10]  He bought Radio Shack.
[00:47:12]  He has the rights to it, so he's actually got the rights to a bunch of, like old companies that no one gives a about and um, he's trying to like modernize the brand nostalgic, I mean, I don't know anyone who's going to use that.
[00:47:24]  Maybe like that's what Gary V always talks about.
[00:47:27]  Gary V is a big crypto guy too.
[00:47:31]  He's more of an NFT guy.
[00:47:32]  Gary V is a visionary in a lot of ways.
[00:47:34]  Um, I think he really, you know, if anyone, if there's anyone to credit with like Showing that NFTs are not just monkey pictures.
[00:47:41]  It's Gary V. I got to give him prompts, man.
[00:47:43]  Yeah.
[00:47:45]  He's very knowledgeable about this stuff.
[00:47:48]  Pretty much everything I know, I learned from watching his videos.
[00:47:50]  Nice.
[00:47:52]  So Ty Lopez is big into this stuff, huh?
[00:47:54]  Is he selling NFTs too?
[00:47:56]  I couldn't give a shit.
[00:47:57]  I don't know.
[00:47:57]  I just saw that.
[00:47:58]  Someone making fun of it.
[00:48:00]  The problem, like I said, with crypto is it attracts the grifters because it's easy to grift, you know?
[00:48:05]  And I've had very public beef with people on YouTube and other places.
[00:48:11]  Um with just.
[00:48:13]  You know i'm not going to elaborate on that, but let's just say we have why not?
[00:48:17]  We should elaborate on crypto beef well, crypto.
[00:48:20]  There are just people that I disagree.
[00:48:22]  I disagree with that.
[00:48:23]  I think that are leading the space in a direction that I don't agree with, and so we have our, we have our moments.
[00:48:29]  You know, he's no bs crypto.
[00:48:31]  If I think it's bs, i'm going to tell him it's bs.

=== Public Feuds and Calls (02:49) ===

[00:48:33]  We can pull him up on the tv and shame him right now.
[00:48:37]  Call him out Richard Hart.
[00:48:39]  Where you at?
[00:48:40]  It's not Richard Hart, Richard Hart.
[00:48:42]  You know he.
[00:48:43]  He's he's, He's not.
[00:48:46]  Actually there's worse people than Richard Hart.
[00:48:49]  Yeah.
[00:48:50]  He looks very entertaining.
[00:48:51]  He's very charismatic.
[00:48:53]  He's got a really cool background on his videos.
[00:48:55]  He has a way of, you know, he's like the Charles Manson vibe.
[00:49:00]  Yeah, I dig that.
[00:49:01]  Where does he live?
[00:49:02]  Maybe I should get him on here.
[00:49:04]  That would be an interesting episode.
[00:49:05]  I would love to see you guys.
[00:49:07]  Do you know where he lives?
[00:49:08]  Oh, God, no.
[00:49:09]  But I'm sure he would do it.
[00:49:10]  He has a thing where he, like, you know, has people on his he wants to go on people's shows to debate.
[00:49:15]  He's a very good debater.
[00:49:16]  But he doesn't do it in person, though.
[00:49:18]  Everything he does is remote.
[00:49:19]  Well, because it's a security risk.
[00:49:22]  He has a lot of value in crypto, and there's a lot of people who just don't like him, so I don't blame him.
[00:49:30]  People in crypto are kind of weird like that.
[00:49:32]  I was just seeing the other day, it was just kind of funny, kind of off topic, someone's tracking Elon Musk's private data.
[00:49:37]  That is so sick.
[00:49:38]  That was so funny.
[00:49:40]  Actually, I was watching that on TV this morning.
[00:49:43]  They were interviewing him on fucking MSNBC or something like that.
[00:49:47]  Like the kid's gone full blown mainstream, blown up.
[00:49:51]  Make a career out of anything, man.
[00:49:52]  That is crazy.
[00:49:55]  His jet goes everywhere, bro.
[00:49:56]  Okay, pull up that Twitter account, Elon Musk's jet.
[00:50:00]  He goes from like Austin, Texas to Sacramento, California, like three times a day in his jet.
[00:50:06]  I didn't know people traveled that much.
[00:50:08]  Like, what are these people doing?
[00:50:11]  Yeah, there it is.
[00:50:13]  Find his actual, go to his feed so you can see all of his posts.
[00:50:16]  That looks like Florida.
[00:50:18]  He just installed a prompt.
[00:50:19]  He had like 50,000 followers two days ago.
[00:50:22]  Now he's got a quarter million followers.
[00:50:24]  Did they do the rocket launch today?
[00:50:26]  Oh, bro.
[00:50:26]  I was standing outside my office and we saw some crazy shit in the air.
[00:50:30]  That's probably it.
[00:50:31]  We were like, what the fuck is that?
[00:50:33]  It got delayed.
[00:50:34]  Yeah.
[00:50:35]  Right before I talked to you on the phone.
[00:50:36]  Me and Mike were standing outside.
[00:50:37]  We're like, what the fuck is that?
[00:50:39]  It was some alien looking shit.
[00:50:41]  Yeah.
[00:50:42]  I've never seen that before.
[00:50:44]  They were going to do it yesterday.
[00:50:45]  Is his jet in Cape Canaveral right now?
[00:50:48]  I'm so glad you brought that up because we were tripping for a minute.
[00:50:51]  Oh, yeah.
[00:50:53]  Yesterday, they were like literally aborted three seconds before launch because the cruise ship just plowed through the like no ship.
[00:51:02]  No, apparently.
[00:51:03]  Oh, really?
[00:51:04]  Oh, yeah.
[00:51:04]  It was supposed to launch yesterday at four o'clock.
[00:51:06]  Oh my God.
[00:51:08]  That's sick.
[00:51:09]  It was a good show.
[00:51:09]  Go up to the 31st.
[00:51:10]  See if it was in Florida.
[00:51:15]  No.
[00:51:17]  Elon Musk's jet.
[00:51:19]  He flew public to get here.

=== Billionaire Jet Stories (03:00) ===

[00:51:23]  That's funny.
[00:51:23]  Yeah, and he offered the guy $5,000 to take it down.
[00:51:26]  He said cheap skate.
[00:51:27]  Didn't he say $50,000?
[00:51:28]  And the kid responded.
[00:51:29]  He's like, I can't do it for less than $50,000.
[00:51:33]  He undersold.
[00:51:34]  I was going to say $5,000.
[00:51:36]  Elon offered him $5,000.
[00:51:38]  Dude's a billionaire.
[00:51:40]  Yeah, that's like me.
[00:51:40]  I said, see me for 50 M's, bud.
[00:51:44]  That's the equivalent of like three pennies that you find in your spare change in the pocket of your little account.
[00:51:48]  Yeah, like five grand.
[00:51:50]  But I understand it's about, you know, like I've had people who squat on my domains, like my Ethereum name service domain.
[00:51:57]  Somebody was squatting on it for the longest time.
[00:52:00]  We actually got into a bit of a feud, but he ended up giving it to me.
[00:52:04]  You know, I didn't want to pay him for it because it's just like I don't negotiate with terrorists like that.
[00:52:08]  But he gave it to me after I did some charity, where I did a charity NFT drop.
[00:52:12]  So, like, we raised some money for St. Jude's.
[00:52:14]  It was cool.
[00:52:15]  People got to hop on the phone with me.
[00:52:16]  Some people got, like, artwork.
[00:52:17]  You know, it was like a nice little thing I partnered with Theta to do.
[00:52:19]  Cool.
[00:52:20]  So, you know.
[00:52:21]  Hmm.
[00:52:22]  I had a guy in here the other day.
[00:52:23]  His name was Rick Ross.
[00:52:25]  And he owned rickross.com.
[00:52:28]  And I think Rick Ross, the rapper, offered him, like, less than $1,000 for it.
[00:52:33]  Wow.
[00:52:34]  He eventually sold it for, I think, around $10,000.
[00:52:37]  I feel bad.
[00:52:38]  I actually just curbed Rick Ross.
[00:52:40]  He was trying to go live with me, but I was moving, and I was like, dude, I'm sorry.
[00:52:43]  He was trying to do why?
[00:52:44]  He has a new NFT collection coming up.
[00:52:45]  Oh, does he really?
[00:52:46]  He wanted me to do a live with him on TikTok.
[00:52:47]  I was like, I'm moving.
[00:52:49]  Too busy.
[00:52:50]  You're going to be propped up on my hookah.
[00:52:52]  I don't have him stand.
[00:52:54]  It's on a box.
[00:52:56]  I hope he does all pictures of Rick Ross's NFTs.
[00:52:59]  Is this the real Rick Ross or is this Rick Ross?
[00:53:01]  No, it's not Rick Ross.
[00:53:02]  Pull up.
[00:53:03]  I want to see what it looks like.
[00:53:03]  Which Rick Ross?
[00:53:05]  What?
[00:53:06]  Lakota did a live stream.
[00:53:07]  Free Ricky.
[00:53:08]  Free Way Ricky.
[00:53:08]  Oh, the original.
[00:53:09]  Oh, the ugly Ricky.
[00:53:10]  Oh, not the rapper.
[00:53:12]  Oh, no.
[00:53:12]  We're going to be Rick Ross.
[00:53:14]  Oh, the OG Rick Ross.
[00:53:16]  There you go.
[00:53:18]  The original.
[00:53:18]  Oh, wow.
[00:53:19]  Yeah, there's a little bit of a name difference there, but not really.
[00:53:23]  Well, when you say Rick Ross, everyone thinks of the fucking hip hop artist.
[00:53:26]  The rapper.
[00:53:27]  Right.
[00:53:27]  Yeah.
[00:53:28]  I guess he must be pissed off that he keeps getting mistaken for that.
[00:53:33]  I would be kind of pissed.
[00:53:34]  Who does?
[00:53:35]  The original.
[00:53:36]  Right?
[00:53:36]  Yeah, I think he tried to sue him for that.
[00:53:38]  I think he changed his name, actually, because of that.
[00:53:40]  He changed it to Freeway after Rick Ross?
[00:53:43]  No, I think Rick Ross changed it.
[00:53:44]  The rapper changed his name.
[00:53:47]  Because that guy got out of prison.
[00:53:48]  I think he sued him.
[00:53:51]  For stealing his name, I heard that Rick Ross, the rapper, owns the biggest swimming pool in the United States.
[00:53:57]  Really?
[00:53:57]  At his house.
[00:53:58]  He has like a house in Atlanta.
[00:53:59]  He got some big houses.
[00:54:00]  Remember when Forge Auto.
[00:54:01]  I think he does a lot of swimming.
[00:54:02]  Remember when Forge Auto Blow went to his big house party in Miami?
[00:54:05]  They showed the big house in, not Miami, but Atlanta.
[00:54:08]  Apparently that's the biggest swimming pool in the world.
[00:54:10]  Not the world, the U.S. We'll check that out someday.
[00:54:15]  I think he does a lot of floating.
[00:54:16]  I don't think he does a lot of floating.
[00:54:22]  So.

=== Browser Airdrops Explained (15:50) ===

[00:54:23]  All right, one thing I'm trying to understand is this proof of stake with Ethereum.
[00:54:30]  That's going to shut down all the Ethereum miners.
[00:54:33]  And now there won't be any gas fees on Ethereum when you try to make transactions.
[00:54:38]  No.
[00:54:39]  So gas fees, depending on, you are going to pay a gas fee, right?
[00:54:43]  But you don't pay it with Bitcoin, right?
[00:54:45]  You do.
[00:54:46]  You do pay it with Bitcoin?
[00:54:47]  Yeah, yeah.
[00:54:47]  So, you know, there's going to be a cost always to send something.
[00:54:51]  Unless you're using a technology like Nano, which uses Block Lattice.
[00:54:56]  Or Polygon.
[00:54:57]  Polygon has fees too.
[00:54:58]  They're just very nominal.
[00:54:59]  You're paying a quarter of a cent.
[00:55:01]  Okay.
[00:55:02]  And that's what's exciting is like that, you know, you're paying a quarter of a cent instead of a $200 fee, you know, that frustrating, but you know, you just have to bite the bullet because everything's on Ethereum.
[00:55:14]  It's just the biggest one there is.
[00:55:16]  It's the strongest network.
[00:55:19]  But no, yeah, even when Ethereum switches to proof of stake, the gas fees theoretically should increase.
[00:55:25]  They just had an update last year, which was supposed to help the gas fees, but all it did was stabilize them to be high consistently instead of bringing them down to a consistent price.
[00:55:33]  So my hope is that.
[00:55:35]  Ethereum comes to a point where combined with the layer twos that it has like Polygon that it's affordable for the average person, but it's not.
[00:55:44]  So I tell people, I used to tell people go get some Ethereum and hop into DeFi.
[00:55:48]  Go, you know, experiment with new technology.
[00:55:51]  But it's just not feasible because you're going to need five, six hundred bucks to do anything on Ethereum.
[00:55:57]  So I tell people go to the Binance Smart Chain, go to Avalanche, go to Polkadot.
[00:56:01]  What are you talking about?
[00:56:03]  I don't know what Avalanche, Polkadot, any of that is.
[00:56:05]  Different networks.
[00:56:05]  Different networks.
[00:56:06]  Like Ethereum.
[00:56:07]  Like Ethereum.
[00:56:08]  For the, for the.
[00:56:09]  For the sort of but not really yes in this, in this scenario yes, they are okay.
[00:56:13]  You can just imagine that.
[00:56:15]  You know you, you log in and you can use the blockchain through a wallet.
[00:56:19]  You know just, you know there are some Evm compatible networks.
[00:56:22]  The Ethereum virtual machine, a lot of this, a lot of a lot of the tech, is just Ethereum forked and changed slightly.
[00:56:27]  Okay yeah, I see what you're saying.
[00:56:29]  Yeah, but like Solana is Non-evm compatible.
[00:56:31]  It's a good example.
[00:56:32]  Solana has been like this big up and comer.
[00:56:35]  I think it's overrated.
[00:56:36]  But really yeah, centralized right, they sacrifice.
[00:56:39]  Evm compatible.
[00:56:41]  They're compatible with the same layout as your MetaMask.
[00:56:46]  When you log into MetaMask, it's EVM compatible.
[00:56:48]  So all you have to do is add the network and it's seamless integration.
[00:56:53]  But Solana, you need the Phantom wallet, which they just raised $106 million.
[00:56:58]  I think.
[00:56:59]  Solana did?
[00:57:00]  Phantom, a wallet on Solana.
[00:57:02]  A wallet.
[00:57:03]  Okay.
[00:57:03]  Solana has a lot of things.
[00:57:05]  Then it gets so much more confusing.
[00:57:06]  Then you have all these fucking wallets.
[00:57:07]  You've got Coinbase wallet, MetaMask wallet.
[00:57:11]  So that's why I was saying EVM compatible, why it's so important.
[00:57:15]  Play in like Defy Land yeah, or that's not a real place, but you know what I mean.
[00:57:20]  Like, if you it is a project, I think is it.
[00:57:24]  If you, the names, the names kill me.
[00:57:27]  If you play in this space and you're connecting like, and you're you're doing blockchain gaming or something like that right, or you're running nodes or you're trading your crypto or nfts right, you know you like, for most people, they use Metamask, right.
[00:57:42]  So I, you know, I have downloaded Metamask on as an extension And you say, like, oh, it's compatible on that network.
[00:57:49]  That network is compatible with that wallet.
[00:57:51]  And it allows me to just connect to that site.
[00:57:55]  Okay.
[00:57:55]  So in the future, a wallet's probably going to be as common as a social media account.
[00:58:01]  Like, if you don't have one, you're probably not going to be able to walk around Web3 that easily.
[00:58:05]  And Web3 is already here.
[00:58:07]  What the fuck does Web3 even mean?
[00:58:09]  It's a bullshit term.
[00:58:10]  It's a bullshit term.
[00:58:11]  Like, when people ask me, hey, man, what are the best Web3 coins?
[00:58:14]  I'm like, motherfucker, this is Web3.
[00:58:16]  Like, we're in Web3.
[00:58:17]  Okay.
[00:58:18]  So we're in Web.
[00:58:18]  So it's like version 3 of the Web.
[00:58:20]  Well, yeah, so like we're removing sort of the big tech giants from the equation, or at least that's what we're trying to do.
[00:58:27]  Not only the financial middlemen, but the social middlemen.
[00:58:31]  We want to essentially eliminate a lot of these corporations with so much power over us through Web3 and that suck the profits.
[00:58:38]  So like your data, your, you know.
[00:58:41]  Like Facebook and Twitter.
[00:58:42]  It's ownership.
[00:58:43]  That's probably the best way to put it.
[00:58:45]  How is that going to happen?
[00:58:46]  Do you know how much money I've made from just using DeFi protocols?
[00:58:50]  I don't even know what a DeFi protocol is.
[00:58:53]  From DeFi projects.
[00:58:54]  So like the Ethereum name service, right?
[00:58:57]  You know, ENS domains, .eth.
[00:59:00]  You ever heard those?
[00:59:01]  No.
[00:59:02]  You've seen those?
[00:59:04]  So the blockchainboy.eth exists.
[00:59:06]  Okay.
[00:59:07]  Oh, okay.
[00:59:08]  Okay.
[00:59:08]  .eth.
[00:59:09]  That's why those Twitter people have their Twitter name .eth.
[00:59:11]  Exactly.
[00:59:11]  So instead of a bullshit wallet, like no one wants to use that, you just type in the blockchainboy.eth and you can send me whatever you want.
[00:59:18]  For better or for worse, that's just a . In the browser.
[00:59:21]  In any browser.
[00:59:22]  In a, in a, in a, like MetaMask or like a, if you want to send me crypto, it's an address.
[00:59:26]  But you could also use it as a domain name.
[00:59:30]  You know, if you want to really build decentralized websites, you know, ICP is probably my favorite, like, decentralized way to build stuff because they do it more on the blockchain instead of compromising on central.
[00:59:42]  An easy use case example would be like pre search.
[00:59:45]  Have you heard of pre search?
[00:59:46]  No.
[00:59:47]  Pre search is like Google that doesn't screw you.
[00:59:51]  Like, so every time I search on pre search, Instead of Google getting paid by XYZ advertiser, I get paid.
[01:00:01]  So I hook my wallet up to pre search.
[01:00:04]  And now every time I search for something, it's a search engine.
[01:00:07]  It actually searches Google, Yahoo, DuckDuckGo, YouTube, like all these other sites.
[01:00:13]  And now when I search for something, I see my account go up by like 15 cents every time I search.
[01:00:20]  It's like Brave Browser.
[01:00:21]  You heard of Brave Browser?
[01:00:23]  I have heard of that, yeah.
[01:00:24]  Basic attention token.
[01:00:26]  You're rewarded for the ads that you see essentially and stuff like that.
[01:00:29]  So you get paid to use it.
[01:00:33]  We're taking away the tools that made the Elon Musk's, the tech giants of the world, and giving it to the people that use the networks in the first place.
[01:00:42]  I got an airdrop for having an Ethereum name, and that airdrop was worth $3,000 to $4,000.
[01:00:51]  They did a Business Insider article about it.
[01:00:53]  An airdrop?
[01:00:54]  It was cool.
[01:00:55]  Airdrops.
[01:00:56]  Are fucking sweet dude.
[01:00:57]  What the is an airdrop dude if you, if you're, if you're an early adopter hey, he wears construction full time.
[01:01:06]  I just fucking do these podcasts, but i've this is like the second or third crypto podcast i've ever done.
[01:01:11]  We can get really we can get deep up, man.
[01:01:13]  Yeah, there's oh bro, i'm still on web weeks and weeks and weeks.
[01:01:18]  Think of it like this.
[01:01:19]  Like like uh, you're being rewarded for using a network and providing value to that network.
[01:01:26]  Who pays you?
[01:01:28]  The same people that would pay the company.
[01:01:30]  So it's just routed through you.
[01:01:32]  No, not necessarily.
[01:01:33]  Airdrops are a little different.
[01:01:34]  Oh, not for airdrops.
[01:01:35]  I was talking about like with pre-search and the advertisers and things.
[01:01:38]  Yeah, that's owning your own data.
[01:01:41]  Like you're you.
[01:01:42]  You have value too.
[01:01:44]  You ever hear the term like if the product's free, you're the product?
[01:01:47]  Yes.
[01:01:48]  Yeah, so that's like on websites when you go and use a free product, they're collecting data about you and then selling it to another company.
[01:01:56]  Right.
[01:01:56]  And then that person is profiting off of it and it's like leaving you in the dust.
[01:02:00]  with no show for anything that you just provided to that company.
[01:02:06]  See what I mean?
[01:02:06]  So Web3 is essentially a way to sort of.
[01:02:12]  It's complicated to explain without being too detailed about it.
[01:02:16]  The DNS airdrop, it was a governance airdrop.
[01:02:18]  So a governance token was airdropped to you, depending on how long you'd had your name, how many you had, how long you basically reserved it for.
[01:02:26]  Some people made $60,000, man.
[01:02:28]  I mean, it was crazy.
[01:02:30]  People really make a lot of money from these.
[01:02:32]  We had one called Looks Rare.
[01:02:34]  It's an NFT marketplace.
[01:02:36]  And I think my airdrop from that was like $5,000, maybe $6,000.
[01:02:42]  And now look, look, look.
[01:02:44]  It's not like here's just $5,000.
[01:02:46]  Congratulations for holding your stuff.
[01:02:48]  You got to qualify for them.
[01:02:49]  Well, also, like, why you would get airdropped.
[01:02:51]  Like, you said, airdropped a governance token, right?
[01:02:54]  So, like, if I own something and I'm on that network, right?
[01:02:57]  And they know that I'm a holder of whatever that is, right?
[01:03:01]  They can then program it to go, okay, we're going to do a massive airdrop, right?
[01:03:06]  Hook up your wallet.
[01:03:07]  Those parameters will validate that you are an owner of XYZ coin, right?
[01:03:13]  And then we're now giving all the owners of this an airdrop of tokens, right?
[01:03:18]  In that case, it was a governance token.
[01:03:20]  So, now they're airdropping these governance tokens.
[01:03:23]  And now, when he says, like, oh, I made five grand off of that, he then took the governance tokens that he got and was like, I'm going to sell these right away because they're valuable.
[01:03:31]  Yeah, right.
[01:03:32]  People want those governance.
[01:03:34]  And it crashed.
[01:03:34]  And people go and sell it.
[01:03:36]  Right.
[01:03:37]  And then, boom, you got an airdrop of $5,000 worth of governance tokens that you just sold immediately.
[01:03:43]  So, on these search engines or browsers or whatever, are there people paying to be seen on there?
[01:03:50]  I mean, it's just like any other browser, it's rewarding you for using it.
[01:03:56]  I mean, I'm not a huge brave guy.
[01:03:57]  I've never really used, you know, Josh is a big brave browser guy.
[01:04:00]  But, you know, best example of this that people, that is topical, that people will know is this Looks Rare marketplace that just dropped because OpenSea is terrible.
[01:04:10]  They blew up real quick.
[01:04:11]  They didn't have the staff to support billions of dollars flowing in and they made some mistakes.
[01:04:14]  And that's, you know, it's okay.
[01:04:15]  OpenSea, they've done a lot for the space.
[01:04:17]  But there's another NFT marketplace called Looks Rare that airdropped a bunch of tokens to anyone who would like traded NFTs on OpenSea, I believe.
[01:04:25]  And all you had to do was like list an NFT on their marketplace.
[01:04:29]  And people got a lot of money from that.
[01:04:31]  And so now they're a real competitor.
[01:04:32]  They're sometimes outdoing the volume on OpenSea.
[01:04:35]  So how do you think that these types of browsers or search engines or whatever are going to take over websites like Twitter and Facebook and decentralize the powers that be on the internet?
[01:04:48]  The monopolies.
[01:04:50]  It's going to be niche for a while.
[01:04:52]  But I think we'll see if we continue to see the crypto market grow and expand, I think we'll see better alternatives form.
[01:05:01]  Because people there's a financial incentive for people to be on these platforms so They are rewarded for using these platforms and you know It's hard to turn that down especially when you know you're getting a comparable experience, but it's not going to be easy by any means and a lot of what like these big web 2 companies are doing is they're kind of trying to co-opt the movement back in 2017 It was really core DeFi people I mean look at look at who sits on the Hedera Hashgraph the council, right?
[01:05:29]  Hedera is not a very good network in my opinion Well, you can have your opinions.
[01:05:33]  They're doing good steps.
[01:05:34]  They're trying to decentralize.
[01:05:36]  That's the point of a blockchain.
[01:05:38]  But the council members on Hedera are huge corporations.
[01:05:42]  Is that really the spirit of what that is?
[01:05:45]  Is that the network we want to use?
[01:05:46]  I don't think so, personally.
[01:05:49]  It's a fine line, too.
[01:05:50]  Because, you know, like you were saying, like with OpenSea being too big or not being big enough to handle everything, like with a lot of this stuff, DAOs that come up and these different protocols that come up, like there's a lot of unforeseen consequences that can occur and stuff that we can or they're trying to hold, you know, big tech accountable for.
[01:06:18]  Like you see the hearings and this and that, and they drag like Jack Dorsey or, you know, whoever out in front of the committees.
[01:06:24]  You know, it's like to the mass public, it's kind of a wake up call to realize, like, oh, wow, our politicians don't know shit about the internet.
[01:06:32]  You know, and they're trying to regulate it.
[01:06:33]  It's kind of hilarious.
[01:06:35]  Yeah, it's rough.
[01:06:36]  But then to that same fact, it's like those types of hearings and pressures on those guys are what stop, you know, like trafficking from going on on Twitter or sites.
[01:06:50]  It's those types of pressures that like stop that.
[01:06:52]  So when you have a decentralized network, You really need to, and why we say, like, oh, community is so important.
[01:06:58]  Like, you need to foster a good community.
[01:07:01]  Like, you need to build a good community.
[01:07:03]  Otherwise, the project could go south real fast.
[01:07:07]  You know, because who knows who comes onto that network or what the governance is on that?
[01:07:13]  One of the projects I'm working with a little bit is called BBS Network.
[01:07:17]  Essentially, think of it like a Reddit on the blockchain.
[01:07:19]  Every post is an NFT.
[01:07:20]  You can buy it, you can host your own BBS.
[01:07:23]  They're really trying to stop the shitposting.
[01:07:27]  And it's funny because that's when you remove the barriers, when people are anonymous, shitposting is what happens.
[01:07:33]  And it's what happens a lot in DeFi.
[01:07:35]  That's why there's so many good memes.
[01:07:37]  That's why you see people want to buy the Constitution.
[01:07:40]  Why do they want to buy the Constitution?
[01:07:42]  For the meme.
[01:07:43]  I think it's interesting to see.
[01:07:45]  It's really a social experiment.
[01:07:47]  As much as we want to say the computers are the ones that are doing this and that, but it really goes back to the community and the social aspect of it.
[01:07:56]  We're really just doing a huge experiment that has a lot of implication on the future of this tech.
[01:08:02]  And to a lot of people, they're not there yet.
[01:08:06]  And that's okay.
[01:08:07]  But it will come a time when this stuff is integrated.
[01:08:09]  It's interesting.
[01:08:10]  It is a community, but a lot of the people in the community, they're also anonymous, right?
[01:08:15]  It's essentially something similar to Reddit or 4chan.
[01:08:19]  Yeah, I mean, there are some projects that are run by semi-anonymous or anonymous people.
[01:08:24]  Being doxxed is very important.
[01:08:25]  I don't invest in projects that are.
[01:08:26]  Right.
[01:08:27]  When you're the head of the project, you want to be like everyone has to know who you are in real life.
[01:08:30]  But you say community, nobody knows who these people really are.
[01:08:33]  But most of the people are just anonymous.
[01:08:35]  Reputation is everything, you know?
[01:08:37]  And crypto is a very small space, professionally speaking.
[01:08:41]  Everybody knows or at least has heard of somebody else.
[01:08:44]  He's probably also that.
[01:08:46]  It's weird, though, because there's so many people on crypto Twitter.
[01:08:49]  I was just talking to a guy the other day, and his name is some weird.
[01:08:54]  I think it was hitten.eth.
[01:08:57]  He's got like 300,000 followers.
[01:08:59]  I don't know who the hell he was.
[01:09:01]  Profile image was an NFT, and he says he's like a CEO of 12 different companies.
[01:09:06]  And uh, it's like, how do you know who the hell this guy is in real life?
[01:09:10]  You know what I mean?
[01:09:11]  They have so many followers, so many people obviously trust him and follow him.
[01:09:14]  I saw like he was followed by Obama, but like he was like some made up name with a made up profile picture.
[01:09:20]  Smoke and mirrors, bro.
[01:09:21]  I told you, man, this industry is there are a lot of smoke and mirrors, and maybe it's like an Omerta, though, too.
[01:09:28]  To the like, if you said who's the Jesus of cryptocurrency.
[01:09:33]  Satoshi Nakamoto.
[01:09:34]  Right.
[01:09:34]  Right.
[01:09:34]  Who knows who the fuck next to him?
[01:09:36]  Who is Satoshi Nakamoto?
[01:09:37]  How Finney idolized multiple people.
[01:09:39]  If you're in the space and you want to idolize somebody, you're idolizing somebody who isn't doxxed.
[01:09:47]  Right.
[01:09:47]  You know?
[01:09:49]  So, there's something to it when there's something to that, though.
[01:09:54]  Like people that are anonymous, they're more mysterious.
[01:09:58]  When you don't know, like, what they're where they are, what they look like, it also makes them like it almost makes them like more of an idol or like a god like figure.
[01:10:07]  You know what I mean?
[01:10:08]  People can assign who they want.
[01:10:10]  Like, you can assign what they look like in your own head based off of everything else.

=== Censorship and Anonymity (03:42) ===

[01:10:13]  And this is actually very funny.
[01:10:15]  One of the guys who got exposed, this guy named Beanie Maxie on Twitter.
[01:10:19]  He's had some involvements with other projects that people, you know, I don't really have a side.
[01:10:23]  I just think it's funny.
[01:10:25]  People have gotten pissed off at him and they found out who he was.
[01:10:29]  And now it's just memes of him.
[01:10:30]  And he's like not taking it seriously.
[01:10:33]  You know, because he's like some like white dude who just looks like your average guy.
[01:10:38]  And it's like, oh, that's who you are.
[01:10:39]  He found it.
[01:10:40]  He's just a normal guy.
[01:10:41]  Now no one cares.
[01:10:42]  Yeah.
[01:10:43]  I don't know.
[01:10:43]  I think it's cool.
[01:10:44]  You know, like it is cool.
[01:10:45]  It's just exciting.
[01:10:46]  Every day is exciting in this space.
[01:10:47]  Yeah.
[01:10:47]  Well, it's like the beginning of the regular internet.
[01:10:50]  Everything was anonymous.
[01:10:51]  People, there were message boards, people posted shit anonymously, no one had to worry about it.
[01:10:54]  And, you know, when everyone had to become, you had to enter your social security number to have an account on Twitter, then, you know, they start selling your data and it just becomes more corrupt.
[01:11:06]  But it's a fun time, man.
[01:11:07]  Like, and also, I think this is the best space for anyone who wants to be an entrepreneur to build in.
[01:11:13]  You can build in a lot of, I'm very bullish on the creator economy.
[01:11:16]  I'm very bullish on crypto.
[01:11:19]  I'm very bullish on tech.
[01:11:20]  And I think Web3 is a nice merger of a lot of these.
[01:11:24]  And I think it's the best space for anyone to build in who wants to do something great, in my opinion.
[01:11:28]  Yeah, a lot of people, especially when it comes to the creator stuff and the social media stuff, everybody in the creator side of things complains about how the tech companies like to censor everything you're talking about.
[01:11:40]  It happened to me.
[01:11:41]  Oh, really?
[01:11:41]  Yeah, I was almost banned.
[01:11:43]  They did a whole CNBC article on this.
[01:11:45]  Really?
[01:11:45]  Yeah, I was almost banned.
[01:11:46]  It wasn't just me.
[01:11:47]  Everyone was getting heat.
[01:11:49]  And you know why?
[01:11:49]  It was because the assholes were pumping garbage coins like SafeMoon.
[01:11:54]  Garbage project.
[01:11:54]  You know, the guy originally did the barstool guy promote that I think so Yeah, it's familiar.
[01:11:59]  Yeah, dude, the the original guy was like off the back of a cereal box on their website before they changed it Safe Boon was a scam that got too big to fail almost and they had to take it legit in my opinion allegedly So, so what happened to you?
[01:12:14]  You what did you do post a video?
[01:12:15]  You just TikTok was banning TikTok bans everybody.
[01:12:18]  No, yeah, but it was specific to crypto all the crypto and we it was a huge article like 12 different people were in there.
[01:12:22]  It was.
[01:12:23]  But I think you know, I think they figured out like who's legit now, because one of the marketing heads at TICK TOCK follows me now and so they don't ban my posts anymore.
[01:12:31]  Oh yeah, you know.
[01:12:32]  Yeah, it was sweet.
[01:12:33]  One day I woke up I had I gotten permanently banned, like for like 24 hours, and I wake up and never again was there a video down.
[01:12:39]  So I don't know who the TICK TOCK gods are um, but thank you for not blessed.
[01:12:43]  Yeah, I remember being in my office and him calling me going, hey bro, I I think I just got banned and I was like and this was at a point where he was the only creator that we had Under THE Kryptonite brand, and we were launching a new product in our Discord.
[01:13:02]  Like, we had just launched the price, and I was like, Oh my God, it's all crumbling at this moment.
[01:13:10]  He goes, Yeah, man, I don't know what we're gonna do.
[01:13:12]  Yeah, man, it's not comforting having the future of your business reliant on these social media networks.
[01:13:21]  No, especially when they ban you for everything.
[01:13:25]  But social media is the single most powerful tool.
[01:13:28]  For businesses now, for sure.
[01:13:30]  You know, like hands down.
[01:13:31]  TikTok's still very underrated.
[01:13:33]  You guys should be posting clips to TikTok.
[01:13:35]  Can you pull up this guy's TikTok?
[01:13:36]  What's your TikTok name?
[01:13:37]  The Blockchain Boy on TikTok.
[01:13:38]  Blockchain Boy.
[01:13:39]  Oh, wow.
[01:13:40]  That was quick.
[01:13:40]  Damn.
[01:13:41]  Austin's on.
[01:13:43]  Damn.
[01:13:44]  500,000 followers on TikTok.
[01:13:47]  Doesn't mean anything.
[01:13:48]  Six million likes.
[01:13:49]  Damn.
[01:13:51]  Dude, followers don't mean shit on TikTok.
[01:13:52]  Really?
[01:13:53]  No.
[01:13:53]  The only thing that matters on TikTok is, is your content good?

=== Stock Market Ties (06:32) ===

[01:13:56]  It'll be seen.
[01:13:58]  You know how much money I make from the Creator Fund?
[01:14:00]  I think maybe $1,000 a month.
[01:14:03]  And I rack in tens of millions of views on TikTok.
[01:14:06]  And I rack in that very low number.
[01:14:08]  What makes a video good on TikTok?
[01:14:11]  You have to learn how to engage people.
[01:14:13]  You have to learn how to grab attention.
[01:14:14]  There's a certain way to make TikTok content.
[01:14:16]  Have you ever made a video to the chicken and macaroni dance?
[01:14:20]  No, I can't say I have.
[01:14:22]  I'll make one for you if you want it.
[01:14:23]  Will you?
[01:14:24]  Do you know what song I'm talking about?
[01:14:26]  I have no idea.
[01:14:27]  I won't sing it for the sake of not getting clipped, but yeah, I do.
[01:14:32]  But yeah, I've been taking a break from posting because I'm moving.
[01:14:35]  So you just find the popular trending songs on TikTok and you make a video to that song, right?
[01:14:41]  Sort of.
[01:14:42]  I mean, you have to hop on trends, but that's not going to build a community.
[01:14:46]  You have to offer value to people.
[01:14:47]  You have to create that engaging content that's going to bring people back.
[01:14:50]  What are you offering them?
[01:14:52]  It's not like, oh, what are you selling them?
[01:14:54]  Are you providing value?
[01:14:54]  Are you educating?
[01:14:55]  Are you being funny?
[01:14:56]  Are you causing an emotion in people, whether that's positive or negative?
[01:15:02]  You have to learn how to communicate effectively and do it in 60 seconds.
[01:15:05]  And that's the hardest part.
[01:15:07]  But I've gotten pretty good at it.
[01:15:09]  Sound like it.
[01:15:10]  Thanks, man.
[01:15:11]  Appreciate that.
[01:15:12]  The craft has been slowly evolving.
[01:15:16]  So when the fuck is Bitcoin and Ethereum and all these cryptos going to come back to what they were?
[01:15:22]  Two weeks ago, a month ago.
[01:15:24]  Uh, that is a very open-ended question, because they're tied to the stock market right now.
[01:15:28]  They are tied to the stock market.
[01:15:29]  Why is that?
[01:15:31]  Um, because think of it like this, like where's the liquidity for the stock market coming from?
[01:15:35]  From the, you know, the money printing and that liquidity in the stock market's going crazy.
[01:15:39]  And it provides other funds to invest in crypto, and crypto is seen as a speculative, risky asset.
[01:15:44]  So it's like the stock market like did a line of crack and yeah so.
[01:15:50]  So crypto will mirror almost sort of what the movements of what the stock market does, But there'll be a time when it's decoupled from the stock market.
[01:15:57]  You think?
[01:15:58]  Yeah.
[01:15:59]  Even with all the regulation that they're talking about, with Biden trying to regulate it and all that shit in the news about it.
[01:16:07]  Dude, Biden couldn't regulate two damp socks.
[01:16:13]  I don't think they understand it enough to regulate it.
[01:16:15]  And that's what scares me, honestly.
[01:16:16]  Probably.
[01:16:17]  And you're probably right.
[01:16:18]  I disagree a little bit.
[01:16:19]  I think that we'll see a good comeback this year in crypto.
[01:16:23]  I do think we'll start seeing those higher highs.
[01:16:26]  This year, before we go into an entire bear market, if you will.
[01:16:31]  But I think that crypto, the reason it tracks it is because so many of the big boys are now here.
[01:16:39]  So much big money is now in crypto.
[01:16:42]  It's no longer a question.
[01:16:45]  People are like, when's the institutional money in crypto now?
[01:16:50]  And it's still growing.
[01:16:52]  But for the most part, I think that.
[01:16:56]  I think crypto single handedly this time around saved our economy from going into complete despair back in 2020.
[01:17:06]  Like, I really do believe that that's why we started seeing that run up in crypto.
[01:17:10]  And when people are like, how are we going to start trading things when you had something like 2020 happen?
[01:17:20]  You know, I mean, having a new asset class, and it's happened before, like, it happened in the 1970s.
[01:17:27]  It happened when, before mortgages and real estate were collateralized and being sold around everywhere, we were going into an economic collapse.
[01:17:36]  And they were like, well, let's just create a new financial industry.
[01:17:40]  And they were like, so we'll take mortgages and we'll start trading them like stocks.
[01:17:46]  And then a whole housing market of products came out and people started trading.
[01:17:50]  This is obviously a much grander scale.
[01:17:53]  Right.
[01:17:53]  But I think that there was a lot of behind the scenes going, hey, cryptocurrency could save the economy.
[01:17:58]  We could run this out a little bit more.
[01:18:00]  And also, back in 2017, the retailers controlled the market.
[01:18:04]  Now, retail market is only 30% of the volume.
[01:18:06]  If that, it's the institutions, it's the bots, it's the whales.
[01:18:10]  And they're manipulating it.
[01:18:12]  I mean, they will manipulate it.
[01:18:13]  As much as they can, it's very easy to do, and they will continue to do so until I guess regulations come in.
[01:18:19]  And then, you know, the JPMorgan's official boys step in, although some of them are already stepping in.
[01:18:28]  I mean, even with the reports, even when I was leaving, like they weren't really talking about it.
[01:18:34]  I mean, there were whispers around it, but now they're like full on in their company reports.
[01:18:40]  They have whole crypto sections for financial advisors, for all that.
[01:18:46]  Like they brief on how to talk to your clients about cryptocurrencies.
[01:18:50]  How would the government regulating it affect it?
[01:18:53]  What would it change?
[01:18:54]  Fiat gateways.
[01:18:56]  That means exchanges.
[01:18:57]  No more anonymous exchanges.
[01:18:59]  Well, no.
[01:18:59]  That's basically dead.
[01:19:01]  Coinbase reports to the IRS.
[01:19:03]  Okay.
[01:19:04]  And anonymous exchanges, I mean, they're already going after Uniswap.
[01:19:07]  This is already looking into that.
[01:19:10]  Honestly, I think as much shit as I give Ripple and XRP, you know, I think that they're doing us a favor by keeping the SEC occupied because I think they're going to come after Binance.
[01:19:21]  Binance is next up, man.
[01:19:22]  Binance is next up.
[01:19:24]  Binance did a lot for the space, man.
[01:19:27]  I remember trading BNB at $5.
[01:19:29]  They did a lot for the space.
[01:19:30]  They hopped in and went.
[01:19:31]  They didn't really care about regulations.
[01:19:34]  They just did what they were going to do, made a bunch of money, and now they're the king of the space.
[01:19:40]  The government don't like that.
[01:19:41]  You know what I'm saying?
[01:19:41]  Derivatives markets have been closing ever since the first of this year across multiple countries from Binance.
[01:19:47]  There's only a little sus activity going on.
[01:19:49]  Derivatives markets, really power the crypto prices, a lot of these fluctuations up and down, people getting liquidated, longs and shorts, and you know we're seeing this kind of this kind of happen.
[01:19:59]  Another thing is i'm worried about is Tether a little bit.
[01:20:03]  You know Tether Fud's been around for a while.
[01:20:05]  I don't trust them.
[01:20:06]  I don't hold a lot of tether.
[01:20:07]  If I can help it we'll see.
[01:20:09]  But I think 2021 is going to, or 2022 is going to be quite rocky in my opinion.
[01:20:13]  I'm a little more, not bearish, but i'm more like, okay, let's see what they're going to do with the regulations, let's see, you know, what projects they're going to come after, and i'm sure it's going to have a cascading effect on the rest of us before We can actually see the industry start to grow in a more professional manner.

=== Regulatory Uncertainty (15:14) ===

[01:20:29]  Yeah, I don't like guessing, and I'm not always right, which is why I decided to create a bot company in the beginning.
[01:20:36]  Because I was like, I'm going to let smarter people build something to handle this off a set set of protocols.
[01:20:42]  And it kicks ass.
[01:20:44]  It does.
[01:20:45]  We've been testing it now for, I think, three months.
[01:20:49]  And we did an alpha test with a small group of people, and it got a 90% hit rate.
[01:20:56]  Which means 90% of the time was accurate, which is way more than I am.
[01:21:01]  So I was super happy about that.
[01:21:03]  Wow.
[01:21:03]  Yeah.
[01:21:04]  That's wild.
[01:21:05]  Yeah.
[01:21:06]  It tells you, basically, what it does is it'll break down a ton of different coins and it'll tell you when to get in and out of them and for the most profit, you know?
[01:21:16]  Huh.
[01:21:17]  I had a guy make like 300% in one trade, some crazy shit.
[01:21:21]  Cause he was just like, we told people, like, hey, you don't have to trade.
[01:21:25]  This is just for you to reference, like to see if you like it or not.
[01:21:28]  Guy was doing 100X leverage.
[01:21:29]  They wouldn't let me in the chat.
[01:21:30]  I wanted to come say hi, you know, but no.
[01:21:32]  We wouldn't let him in.
[01:21:35]  I'm a bit of a we don't want you in there TikToking on him.
[01:21:38]  Yeah, that was a hard decision.
[01:21:41]  No, it wasn't.
[01:21:42]  You and Jackson Mahomes.
[01:21:43]  Yeah.
[01:21:44]  Yeah, to be clear, we're not the brains behind the bot.
[01:21:46]  Oh, God, no.
[01:21:46]  Absolutely not.
[01:21:47]  Smart guy actually, we met on TikTok.
[01:21:51]  All the people that I've met on TikTok are people that work with me now.
[01:21:54]  You know, that's how we found them.
[01:21:56]  You know, crypto Wendy O was one of the first people I ever met.
[01:21:58]  She's massive, done massive things.
[01:22:00]  One of the best female voices in the space.
[01:22:02]  An example, I think, for women who want to get into crypto Web three.
[01:22:07]  I think they should really check her content out, because she's been through a lot like she's the best.
[01:22:11]  The misogyny in the space man, like it's pretty bad.
[01:22:14]  It's pretty bad.
[01:22:15]  Like dude, you think, like being a girl on the internet is tough.
[01:22:19]  Imagine people who are chronically online, who are oftentimes like deprived of social interaction and who have a bunch of money harassing women.
[01:22:30]  It's a problem.
[01:22:31]  I'm not going to lie.
[01:22:31]  After talking to Wendy, she's done a lot.
[01:22:34]  She's been through a lot.
[01:22:35]  So I respect her a lot.
[01:22:36]  And she came on the team.
[01:22:37]  We're very close with her.
[01:22:38]  Shout out to Crypto Wendio.
[01:22:40]  And we've also got Crypto Weatherman who built the bot.
[01:22:43]  We had a discussion about TA.
[01:22:44]  I was like, man, TA is horseshit.
[01:22:46]  It's astrology for men.
[01:22:48]  He's like, TA?
[01:22:49]  Technical analysis.
[01:22:50]  Technical analysis.
[01:22:51]  I'm like, these people are drawing lines on charts.
[01:22:53]  Using words I don't understand.
[01:22:55]  No, no.
[01:22:56]  He sat me down.
[01:22:56]  He's like, let me teach you TA.
[01:22:58]  So we hopped in a Zoom call.
[01:22:59]  Five minutes into the Zoom call, I knew I was going to ask him to come work for us.
[01:23:04]  His brain is amazing, and so is his personality.
[01:23:07]  And you put that together, you get a really kick-ass guy who can do some cool shit.
[01:23:11]  And so he built the algorithm for this bot, literally scrapes news sites and social media to see if it's bullish or bearish.
[01:23:18]  No one else is doing that.
[01:23:20]  Yeah, the bot has some really cool functionality.
[01:23:24]  And I knew the second I met Crypto Weatherman, I was like, this is great.
[01:23:29]  I need to introduce you to my partner.
[01:23:31]  My partner's a data scientist.
[01:23:32]  This guy's like a level 10 genius, amazing.
[01:23:38]  And we put them in a room together, and it was just like magic.
[01:23:42]  And then, you know, three months later, and a ton of dev work, and now we have some working signals that we can actually put out there and help people trade and hopefully not lose a lot of money.
[01:23:53]  I got to talk about Josh.
[01:23:54]  Our last creator is Joshua Jake, who's out here helping us run up this media company.
[01:23:58]  He designed our studio.
[01:24:00]  Um, one of the smartest guys i've ever met when it comes to researching stuff.
[01:24:04]  So that's our dream team, hands down.
[01:24:06]  He's got two first names, Joshua and Jake.
[01:24:09]  I like him already sounds like a sick team.
[01:24:11]  I met him in Miami we.
[01:24:13]  We went out one night.
[01:24:14]  We shared a hookah and I told I showed him, I showed him that business letter that I that I wrote to my now one of my now business partners and I showed him that and he was like, yep, i'm in.
[01:24:25]  He's like he's like you don't want to know how this is going to work.
[01:24:27]  He's like nope, he's like i'm, i'm down.
[01:24:30]  And then a month later he moved from San Diego to Orlando.
[01:24:33]  I remember.
[01:24:33]  And we're building out the studio.
[01:24:35]  We were in my hotel room in Miami at 4 a.m.
[01:24:37]  I was writing a diss track to somebody that I was feuding with at the time.
[01:24:42]  Crypto diss track?
[01:24:43]  Yeah, crypto diss track.
[01:24:45]  That's on SoundCloud.
[01:24:46]  You want to look it up.
[01:24:47]  Pull it up.
[01:24:48]  Pull it up.
[01:24:48]  Oh, it might be copyrighted.
[01:24:51]  Pull up the SoundCloud.
[01:24:52]  I'll dispute it.
[01:24:53]  So this was 4 a.m. in Miami, and Josh was there hyping me up.
[01:24:57]  He was drunk as hell.
[01:24:58]  Ended up getting food poisoning.
[01:25:00]  We had to, like, drag him into the car.
[01:25:02]  We got Cuban food in the morning.
[01:25:04]  Dude was, like, vomiting on the side of the road.
[01:25:07]  From like this horrible bug.
[01:25:08]  Yes.
[01:25:09]  Where'd you get it?
[01:25:11]  Oh, God.
[01:25:11]  They went to some fucking food truck.
[01:25:13]  I stayed at the hotel.
[01:25:13]  I was pooped.
[01:25:14]  In Miami?
[01:25:15]  Yeah.
[01:25:16]  This was for Bitcoin 2021.
[01:25:17]  Oh, okay.
[01:25:18]  Yeah.
[01:25:19]  We hit a lot of spots in Miami.
[01:25:21]  It was a good time.
[01:25:22]  Miami is like the crypto capital of the world.
[01:25:27]  I was there in 2019 when they unveiled the Bitcoin Center in Miami.
[01:25:30]  The mayor cut.
[01:25:31]  I was right next to the mayor.
[01:25:31]  I have a video of him cutting the rope.
[01:25:33]  And I knew from that point.
[01:25:34]  You were right next to him?
[01:25:36]  Mm hmm.
[01:25:37]  Like, from me and the guy back there with the cameras, that's how far it was.
[01:25:41]  It was like that moment I knew Miami was going to be on the spot.
[01:25:43]  There was no going back.
[01:25:45]  Crazy.
[01:25:45]  Yeah.
[01:25:46]  Crazy shit.
[01:25:46]  Dude, I just saw a video the other day of this dude in Miami.
[01:25:50]  He looks like a young guy and he owns, he was like walking through his house.
[01:25:55]  He owns some house on the water and it's just full of NFTs everywhere.
[01:25:59]  Makes sense.
[01:25:59]  You know who I'm talking about?
[01:26:00]  Totally.
[01:26:01]  His name's like Pierre.
[01:26:02]  He's like a French guy.
[01:26:03]  Is he on Twitter?
[01:26:04]  I think I might have seen a clip from his house on Twitter.
[01:26:08]  It was on Vice's YouTube channel.
[01:26:11]  It was a clip from Vice on Twitter.
[01:26:13]  Someone had retweeted it.
[01:26:14]  I saw the dude, Miami is like the golden crypto kingdom.
[01:26:18]  I don't know, man.
[01:26:19]  It's crazy.
[01:26:20]  My favorite artist is down there.
[01:26:22]  Who?
[01:26:23]  His name is Sergey.
[01:26:26]  A lot of like Bitcoin artwork.
[01:26:27]  I saw him in 2018 first crypto conference I went to nobody was there 2018 Same conference hall in 2021 Were you at the one in Miami down there in 2018 blockchain shift?
[01:26:38]  No, it was North American Bitcoin conference.
[01:26:40]  That was a different one Yeah, there's too many conferences here bought anything on Silk Road No, but I did meet Ross Ulbricht's mom.
[01:26:49]  Yeah, I had her on here too.
[01:26:50]  Yeah, she was a very nice woman and I'd love to reconnect with her because we were on Skype and I was like trying to you know help her out and But I was like 17, so I didn't have shit.
[01:26:59]  But now I have a platform.
[01:27:01]  She just wants her son home.
[01:27:03]  Isn't it crazy the sentence that kid got?
[01:27:05]  They made an example.
[01:27:06]  Quadruple the sentence of El Chapo.
[01:27:09]  Ridiculous.
[01:27:10]  Absolutely ridiculous.
[01:27:11]  Or double.
[01:27:12]  Double El Chapo sentence.
[01:27:13]  Something insane.
[01:27:15]  It's a little sad, man.
[01:27:18]  But this is what happens when you have people who are kind of figureheads and they want to crack down on it.
[01:27:25]  The kingpin charge for some kid that just created some eBay for crypto.
[01:27:31]  Crypto eBay.
[01:27:32]  It goes back to that whole like unintended consequences of what you're building.
[01:27:36]  Yeah.
[01:27:37]  And then people start using it for nefarious acts, and you're like, but it's with everything.
[01:27:42]  You know, it's like people like, oh, cryptocurrency, like, isn't that, you know, what people use to buy drugs?
[01:27:47]  I remember somebody told me that at a bar one time.
[01:27:49]  It was a buddy of mine.
[01:27:50]  I was like, bro, you smoke pot, right?
[01:27:53]  He's like, yeah.
[01:27:53]  It's like, what'd you pay your dealer in?
[01:27:55]  It's like cash.
[01:27:56]  Like, yeah.
[01:27:57]  The cash is used for nefarious things, like any medium of exchange.
[01:28:01]  It's, you know, so.
[01:28:04]  It's ridiculous.
[01:28:05]  The same thing happened with you know who Berner is?
[01:28:09]  Yes.
[01:28:10]  He's the guy.
[01:28:11]  Like the drug dealer to the.
[01:28:13]  Berner.
[01:28:13]  Cookies guy?
[01:28:14]  The cookies guy.
[01:28:15]  Cookies.
[01:28:16]  Yeah.
[01:28:16]  Yeah.
[01:28:17]  So luckily, he was rich enough at the time and probably connected enough, but he had like an absolute fiasco of a launch of some social network that he launched.
[01:28:30]  And it was like the social network without censorship.
[01:28:32]  Mm hmm.
[01:28:34]  And the whole thing immediately blew up.
[01:28:37]  And he was probably facing the same sort of charges because now he had this free social network with no moderation.
[01:28:44]  And immediately it was like drugs, sex trafficking, just like the worst of the worst.
[01:28:49]  Nazi memes.
[01:28:50]  Yeah, all that.
[01:28:51]  And it was like he got out of it.
[01:28:54]  But he probably would have been facing a lot of the stuff.
[01:28:59]  That's so crazy, though.
[01:29:00]  I mean, that's the craziest thing that you make these people responsible for the users of the platform.
[01:29:05]  Right.
[01:29:06]  But like, you know, they walked so that we could run.
[01:29:08]  They did the hard things.
[01:29:10]  Even like Charlie Shrimp.
[01:29:12]  Yeah.
[01:29:13]  This is another example of that.
[01:29:14]  Shout out, Charlie Shrimp.
[01:29:16]  Yeah.
[01:29:16]  These are the innovators that have paid the price for innovating, in my opinion.
[01:29:21]  What happened to Charlie Shrim?
[01:29:23]  He lives in Sarasota.
[01:29:24]  Yeah, awesome guy.
[01:29:25]  Yeah, he's a cool guy.
[01:29:26]  He was like one of the first crypto exchanges in the world.
[01:29:29]  Yeah.
[01:29:30]  And they ended up doing like crazy volume.
[01:29:32]  And because of like, I think it was because of the Silk Road stuff.
[01:29:34]  This was years ago.
[01:29:36]  I was before my time.
[01:29:36]  I was like 12.
[01:29:38]  They got him on a money transfer, not having a money transfer license.
[01:29:41]  It was something like that.
[01:29:43]  And it was over something ridiculous that he, you know, when it was brought to his attention, he took action too.
[01:29:50]  Like there was no reason for him to get pinched like that.
[01:29:53]  It was completely messed up.
[01:29:55]  And it was, it was, and then obviously, like, I mean, you're, you're at that was at a time where it was like the equivalent of trading like tokens on a video game.
[01:30:08]  You know what I mean?
[01:30:09]  Like, and they're like, well, you don't have a money transfer license, so jail.
[01:30:12]  Like, how long did he spend in jail?
[01:30:14]  Do you know?
[01:30:15]  I'm not, I'm not sure.
[01:30:16]  I'm not, it wasn't that long.
[01:30:17]  I think it got out like pretty quickly.
[01:30:19]  Okay.
[01:30:19]  But it was still like, they made a whole documentary about it, I think.
[01:30:21]  Yeah.
[01:30:21]  Yeah.
[01:30:22]  It's been years since I like researched his case, but we've had a few interactions briefly.
[01:30:27]  But he's definitely, I would consider him absolutely a crypto OG.
[01:30:31]  Yeah.
[01:30:32]  You know, like when you talk about like crypto OGs like Charlie Schramm, Eric Voorhees, like a lot of those guys.
[01:30:37]  Mango Boss twins, man.
[01:30:38]  Yeah.
[01:30:38]  You know, Mark Zuckerberg made off with his bag, but they got theirs too, man.
[01:30:42]  Yeah.
[01:30:42]  Like these are, these are, these are.
[01:30:44]  Yeah.
[01:30:44]  Their story is crazy, right?
[01:30:45]  They were in like Mallorca or Ibiza or something when they learned about Bitcoin or something.
[01:30:50]  And they had just got paid their first billion dollars and they put all of it into crypto.
[01:30:54]  Yeah.
[01:30:55]  Absolutely wild.
[01:30:56]  Imagine if it went the other way, you know?
[01:30:57]  They'd probably be serving us fries at the.
[01:30:59]  Drive-thru yeah, but hey man, that's the crazy thing about it, though.
[01:31:03]  I mean like, like you don't know where it's gonna go and you set, like it's like you buy an Nft today for a hundred thousand dollars, it could be worth a hundred fifty thousand dollars tomorrow, and then you sell it, make fifty grand, but then two weeks later it's worth a million dollars and you'd be like god damn it.
[01:31:19]  But are you mad?
[01:31:21]  Yeah, kind of still made money yeah, but you're still mad.
[01:31:24]  But like you just gotta find the next one.
[01:31:26]  Yeah, it comes down to conviction.
[01:31:28]  So many opportunities, it's just like betting Yeah, there's a lot to that.
[01:31:34]  If somebody asked me in my comment section, you know, do you gamble?
[01:31:38]  We have a story about that.
[01:31:40]  And I'm like, no.
[01:31:42]  I'm like, no, I don't gamble.
[01:31:43]  I gamble for a living.
[01:31:45]  You just have to have the conviction and belief in this technology and the projects that you choose.
[01:31:50]  That's really what it is.
[01:31:52]  You have to believe.
[01:31:52]  You've got to stick to it.
[01:31:53]  You can't just dip your toe in and expect to win.
[01:31:55]  I mean, you can.
[01:31:56]  I mean, you can dollar cost average into Bitcoin and have your nice, you know, 2-3x gains over time, however you want to do that, in my opinion.
[01:32:03]  No financial advice.
[01:32:04]  I always got to say that.
[01:32:06]  No, you don't.
[01:32:07]  I'd like to say it.
[01:32:08]  I'd like to say it.
[01:32:09]  I've told you this too.
[01:32:11]  Everybody's hung up on financial advice.
[01:32:14]  I don't want to sound like a dick.
[01:32:15]  Someone's got to say that.
[01:32:15]  Everybody's going to go, This is not financial advice.
[01:32:18]  And give a whole disclaimer.
[01:32:19]  What are they worried about?
[01:32:20]  So it's one, you only have to worry about that if you are an actual financial advisor and you're registered.
[01:32:26]  And two, if you're blanketing it on media to people, it doesn't matter.
[01:32:32]  You can literally tell people, Buy Bitcoin.
[01:32:35]  That's it like but if you're telling it to a blanketed audience and it's not personalized to a single person It's not financial advice.
[01:32:41]  I think it's just one of those things where like they saw somebody do it and then everyone just everybody does it They don't know why they do it my biggest pet peeve.
[01:32:48]  Well, also you don't want to be that guy, you know, that's like This cryptocurrency is going to this price and it's gonna happen and I'm certain of this I have my insight sources of this and that and it doesn't happen and you look like a jackass in front of everybody because that what Richard Hart does no, okay, but you know, this is just like some of the some of the stuff in the crypto scene like you know like Everyone's always talking about going to the moon and this and that.
[01:33:12]  I like to, like I said before, bringing it back, I like to do realistic outcomes and expectations because it's not all sunshine and roses.
[01:33:18]  It's not a rose garden for y'all.
[01:33:21]  Really, it's trial by far, dude.
[01:33:22]  You're going to come in here.
[01:33:23]  You're going to get your ass handed to you, probably.
[01:33:26]  But it's the only way you're going to learn.
[01:33:27]  It's the price of your education.
[01:33:28]  Too many people try to jump in and just want to get rich overnight.
[01:33:32]  And it's like, I have buddies who come to me and they're like, I want to trade NFTs.
[01:33:39]  And I'm like, you should not be trading NFTs.
[01:33:43]  No.
[01:33:43]  Start with small investments.
[01:33:46]  But if you have the money to buy one of those apes, you can make so much money flipping them.
[01:33:50]  So, the way pretty much every single ape that's for sale, you can look at it was it was bought 20 days earlier for like 50 grand less.
[01:33:58]  But you don't even need that much money.
[01:34:00]  You can flip NFTs for a couple hundred bucks, man.
[01:34:02]  You know, like pull up the invisible friends, like the invisible friends right now, huge.
[01:34:07]  I think it's going to be a blue chip right off the bat.
[01:34:08]  Really?
[01:34:09]  I was looking today to get whitelist on OpenSea.
[01:34:12]  Just look up invisible friends NFT.
[01:34:13]  It's not out yet.
[01:34:14]  Okay, because you can tell when these NFTs are coming and when they're going to do well just by just by like being in the space.
[01:34:20]  You'll know.
[01:34:21]  The Invisible Friends, I think, are, yeah, seven to nine Ethereum floor price when they drop.
[01:34:27]  Really?
[01:34:27]  Seven to nine Ethereum.
[01:34:29]  Those are kind of cool looking.
[01:34:30]  Yeah.
[01:34:30]  Oh, that's great.
[01:34:31]  Seven to nine ETH is my preference.
[01:34:32]  That's super dope.
[01:34:33]  Are they animated like this?
[01:34:34]  Yeah.
[01:34:34]  Are you whitelisted?
[01:34:36]  Oh, no.
[01:34:36]  So you can actually get whitelisted if you buy.
[01:34:39]  Those are sick.
[01:34:40]  You have to have four NFTs from the previous collections of this artist.
[01:34:44]  And it costs, and it's like $28,000.
[01:34:47]  So I'm sitting here, I'm looking right now, and I'm like, do I want to spend $28,000 to get.
[01:34:52]  To get whitelisted.
[01:34:53]  To get whitelisted.
[01:34:54]  But, like, dude, the rare ones of these, holy shit.
[01:34:56]  I mean, so if you get whitelisted, you buy four of his previous NFTs, you get one of these for free?
[01:35:02]  No, you get the opportunity to pay for one.
[01:35:03]  The opportunity to buy one.
[01:35:04]  And they're going to start at what?
[01:35:05]  Oh, I don't know what the price is for these.
[01:35:07]  I was looking at them this morning.
[01:35:09]  They're not, like, overly expensive.
[01:35:10]  They're dope.
[01:35:11]  If all of them are animated, like, these rotating, like, these looping gifts, that would be super sick.
[01:35:16]  Oh, really?
[01:35:16]  Uh-huh.
[01:35:17]  And, like, dude, it's impossible to get one.
[01:35:20]  The public sale will be over in a quarter of a second, and it's going to go to the people.
[01:35:24]  Who pay 30 grand in gas fees?
[01:35:25]  Like the hate beasts.
[01:35:27]  30 grand in gas fees?
[01:35:29]  It's front running each other.
[01:35:30]  Whoever's got the most money to burn wins.
[01:35:34]  You basically have a front run competition.
[01:35:36]  These things, I want you to go back and look at them.
[01:35:38]  Seven to nine ETH is my thoughts.
[01:35:41]  It's like hate beasts.

=== Metaverse Land Bubbles (07:11) ===

[01:35:43]  Yeah.
[01:35:44]  Hate beast drop, seven to nine ETH floor instantly.
[01:35:47]  Everybody knew it, and everybody was trying to get in on that white list, and they couldn't.
[01:35:51]  What are those worth?
[01:35:52]  Seven to nine.
[01:35:53]  I think, yeah, still.
[01:35:54]  Well, they started at six, they got to seven pretty quickly.
[01:35:58]  And that was uncommon for an NFT project like that.
[01:36:01]  Usually, after reveal, the floor prices tank, but they just gave you an idea that their Discord, I think, had 400,000.
[01:36:11]  It was like 400,000 people in their Discord.
[01:36:14]  That's four times the size of ours.
[01:36:16]  Yeah.
[01:36:16]  For one project, right?
[01:36:18]  That's not even out, by the way.
[01:36:20]  And only 8,000 items.
[01:36:24]  So you had 400,000 people competing for 8,000 items.
[01:36:29]  My friend bought a couple of those, the serums, you know, like the beaker with the.
[01:36:35]  Oh, shit.
[01:36:37]  Like four days ago, on Friday, I think it was.
[01:36:40]  He bought one of them for 16 ETH, the other one for like 25 ETH.
[01:36:44]  Now, the one he bought for 16 ETH four days later is selling for like 31 ETH.
[01:36:49]  Oh, I thought you were talking about the M3 serum.
[01:36:51]  No, no, no, the M1.
[01:36:52]  He bought two M1s and two M2s, and they're both double what he paid for four days ago.
[01:36:57]  Yeah.
[01:36:57]  It's because the mutant.
[01:36:58]  That's crazy.
[01:37:00]  Yeah.
[01:37:00]  Yeah, the mutant apes.
[01:37:01]  I had an opportunity to buy a mutant ape for three ETH.
[01:37:05]  I was with Alex in the mutant apes.
[01:37:06]  We were together in the car.
[01:37:07]  We were in the car.
[01:37:09]  Me, you, and Alex, and that Jamaican guy who was talking about God.
[01:37:12]  Oh, man.
[01:37:12]  And Alex was just not shutting up.
[01:37:14]  We had one friend who's like definitely a bleeding atheist, and then our cab driver.
[01:37:19]  We're in little Haiti, by the way.
[01:37:21]  Yeah, we're in little Haiti.
[01:37:23]  Cab driver who was like full on about Jesus.
[01:37:27]  Yeah.
[01:37:28]  And they just were having a podcast.
[01:37:29]  They were chopping it up, man.
[01:37:31]  Yeah, and he's like, you know, as he's speeding away, he's like, he's talking to me.
[01:37:35]  My buddy's never been to New York before.
[01:37:37]  I'm like, bro.
[01:37:37]  I was like, I'm not trying to get killed on the way to dinner.
[01:37:41]  Like, shut the fuck up.
[01:37:43]  Oh, dude.
[01:37:44]  Oh, it's so fucking funny.
[01:37:46]  Oh.
[01:37:46]  Yeah, he was there.
[01:37:47]  Dude, New York's a wild place like that.
[01:37:49]  Yeah, man.
[01:37:50]  It is.
[01:37:51]  We had some fun times up there.
[01:37:52]  Give him the gift of Jesus.
[01:37:54]  That was the last time I saw him.
[01:37:56]  Gone.
[01:37:56]  Wow.
[01:37:58]  We've had some good times, man.
[01:38:00]  We do a lot of traveling.
[01:38:01]  We're going to Vegas soon for another thing we're doing.
[01:38:06]  Then we got NFT LA.
[01:38:07]  We have Coindesk and Consensus.
[01:38:09]  Yeah, we're partnered with Coindesk.
[01:38:12]  Do you spend any time in the VR metaverse?
[01:38:15]  Yeah.
[01:38:16]  So, you know, I just bought an Oculus.
[01:38:18]  And so did you.
[01:38:19]  Yeah.
[01:38:19]  We both have Oculus now.
[01:38:21]  Makes me sick.
[01:38:22]  Makes me sick.
[01:38:23]  Really?
[01:38:24]  My tummy hurts.
[01:38:25]  You have Beat Saber on there?
[01:38:27]  Yeah.
[01:38:27]  It's the best game.
[01:38:28]  That's the only game I can play with that game.
[01:38:30]  The Star Wars game is badass.
[01:38:31]  Star Wars is really good.
[01:38:32]  I almost threw up.
[01:38:33]  The fucking lightsaber is so.
[01:38:35]  It's like.
[01:38:36]  It's incredible, dude.
[01:38:38]  Yeah, you feel it in your hand.
[01:38:40]  You're like fucking killing the robots and shit.
[01:38:42]  What about Creed?
[01:38:44]  Have you downloaded Creed?
[01:38:45]  No.
[01:38:46]  It's a boxing.
[01:38:47]  Oh, no.
[01:38:47]  You got Sylvester Stallone.
[01:38:49]  In there is like your coach.
[01:38:50]  Yeah.
[01:38:51]  And you're just like, that's great.
[01:38:52]  Yeah.
[01:38:53]  Got to get that one.
[01:38:54]  Yeah.
[01:38:54]  That's good.
[01:38:55]  You know, I have an interesting story about kind of the metaverse stuff.
[01:38:58]  So this is a guy on TikTok I follow.
[01:38:59]  A lot of people spend a lot of time in it, like every single day hanging out in there.
[01:39:04]  You already, you're already online chronically, like most people.
[01:39:07]  Like you're scrolling Twitter when you're taking a deuce, whatever, you're doing this and that.
[01:39:11]  But like our lives are almost, I spend more time online than I do in person.
[01:39:16]  And the metaverse is a natural extension of that.
[01:39:18]  Well, we, Fortnite, you know, Fortnite, the big, concept we play all the time, Marshmallow and the, the Travis Scott.
[01:39:24]  Fortnite is a glimpse into what will be the norm in a couple decades, if not sooner than that.
[01:39:30]  Probably, those emotes that you buy and the outfits that are like Nfts kind of except everybody can buy them exactly right, exactly.
[01:39:37]  But like you know the, the Fortnite concept is more than a game.
[01:39:42]  It's.
[01:39:42]  It's like this live event service, like you can have these things in there and your everything is.
[01:39:48]  There's some paywalls to it, but it's still pretty cool and I think that's kind of like what we're going into.
[01:39:53]  I'm uh, You know, I'm very, it's interesting.
[01:39:56]  Companies are looking into this.
[01:39:57]  The guy I follow on TikTok, he has a school in the metaverse in Sandbox.
[01:40:01]  And you can get into his school, his NFT school, by purchasing a virtual jacket that you can wear in the metaverse.
[01:40:08]  I forget his name.
[01:40:08]  Damn it.
[01:40:09]  But he had a Pepsi executive in his school who bought one of his jackets.
[01:40:15]  A Pepsi executive at Pepsi.
[01:40:17]  Oh, God.
[01:40:17]  He's probably a fucking pedophile.
[01:40:20]  You hear the story about the guy from PlayStation?
[01:40:22]  What?
[01:40:23]  Do you hear the story about the guy who works at PlayStation?
[01:40:25]  Holy fuck, bro.
[01:40:27]  He, uh he was on Grindr trying to get like a 15 year old boy to come to his house.
[01:40:34]  Kid went to his house, freaking videotaped the whole thing.
[01:40:37]  The guy went down hard.
[01:40:38]  Find that article.
[01:40:39]  Oh, shit.
[01:40:40]  That got dark fucking quick.
[01:40:42]  The pedophile executive at PlayStation.
[01:40:45]  PlayStation.
[01:40:46]  Dude, some of those people are fucked.
[01:40:48]  That's why I'm an Xbox guy.
[01:40:50]  I just bought a PS5.
[01:40:53]  I've never had any, you know, PS5.
[01:40:55]  I just gave him my 360, you know.
[01:40:56]  Like, I literally, like.
[01:40:58]  All right, wait.
[01:40:59]  Why'd you give me the 360?
[01:41:00]  So you could play Guitar Hero.
[01:41:02]  Most flame game ever made.
[01:41:04]  Yeah, you should see this man shred.
[01:41:06]  Guitar Hero 3.
[01:41:09]  That's what we do in the office when there's some downtime.
[01:41:12]  Rips of the Guitar Hero.
[01:41:14]  Hell yeah.
[01:41:14]  I'm not getting better.
[01:41:16]  It's a good time.
[01:41:18]  It's a good time in there.
[01:41:19]  So what is that sandbox?
[01:41:21]  Can you explain what sandbox is?
[01:41:22]  There's a few metaverses.
[01:41:23]  Think of sandbox like Minecraft metaverse.
[01:41:26]  That's the easiest way to think about it.
[01:41:27]  Minecraft metaverse.
[01:41:29]  So everything's blocky and you can have plots of land and you can build shit in there too.
[01:41:34]  I was an early investor into Victoria BR.
[01:41:36]  Have you heard of that one?
[01:41:37]  It's a metaverse company.
[01:41:40]  They're doing some pretty cool stuff.
[01:41:41]  They just had their land sale going on.
[01:41:43]  And Victoria VR, like that was the last big metaverse project to blow up.
[01:41:47]  That was insane.
[01:41:48]  That was some good returns on that one.
[01:41:50]  But yeah, so that was like my biggest metaverse bag.
[01:41:53]  There's also, of course, like Decentraland and a few other places, like other metaverses.
[01:41:58]  And a lot of them are sort of, we actually interviewed NetVerk, which, you know, is another metaverse company before any of this happened.
[01:42:05]  It was like our first, one of our first interviews.
[01:42:08]  NetVerk.
[01:42:09]  Yeah.
[01:42:09]  I had the opportunity to buy $30,000 of metaverse land.
[01:42:14]  And I was like, this is weird.
[01:42:15]  I don't know if I want to commit $30K to this.
[01:42:17]  I should have done it because it ended up selling for like 10X.
[01:42:22]  That was a painful one.
[01:42:25]  $300,000 for some property in the metaverse.
[01:42:28]  Yeah, something like that.
[01:42:30]  Man, it's just do you own any metaverse real estate now?
[01:42:35]  I do.
[01:42:36]  Really?
[01:42:36]  I bought a plot of land in Nebraska, two plots of land in Nebraska, in this thing called Eartha.
[01:42:44]  And Eartha's like, think of it like an alternate reality where Earth has been through this terrible disaster, and it's a game, and you have resources in your tiles.
[01:42:53]  I got jack shit because what the fuck is in Nebraska?

=== Real Estate vs Virtual (03:32) ===

[01:42:55]  Like, get the fuck out of here.
[01:42:57]  I bought the premium shit, and you gave me Nebraska.
[01:42:59]  How much did you pay for it?
[01:43:00]  Oh, I think I paid like a grand for the two.
[01:43:03]  Wow.
[01:43:04]  I'm not sure how much I could flip it for right now.
[01:43:07]  I should check because I also invested into the coin, and they did really well, too.
[01:43:11]  That was like another big project.
[01:43:13]  But I made some money from the coin, and I think I could sell my land for at least what I paid for it.
[01:43:19]  Maybe more.
[01:43:20]  That's insane.
[01:43:21]  This is an article about the PlayStation guy.
[01:43:23]  Former Sony PlayStation exec under investigation after appearing in a pedo sting video.
[01:43:27]  Yeah, so the kid was trying to sting him.
[01:43:28]  And he was wearing it so fucked up.
[01:43:31]  If you watch the video, he literally opens the door, the front door of his house.
[01:43:34]  He's wearing that.
[01:43:35]  He's like in his boxers and a PS5 shirt.
[01:43:37]  Oh, yeah, here's the video.
[01:43:39]  Turn the volume down.
[01:43:40]  He looks, he sort of looks like the type.
[01:43:42]  I'm not going to be too much of a dick.
[01:43:44]  Just fast forward through all this bullshit.
[01:43:45]  This is probably going to be like, there you go, there you go.
[01:43:50]  Keep going.
[01:43:51]  Oh, my God.
[01:43:53]  Keep going.
[01:43:53]  Holy shit.
[01:43:54]  This isn't it.
[01:43:55]  This isn't it.
[01:43:55]  I don't know what the fuck all this is.
[01:43:57]  A lot of B-roll.
[01:43:58]  This is a bunch of bullshit.
[01:43:59]  This is not even it.
[01:44:02]  I thought they had the fucking cops, like a Chris Hansen type shit.
[01:44:05]  Yeah.
[01:44:05]  Yeah.
[01:44:07]  Anyways.
[01:44:09]  That's crazy, man.
[01:44:09]  Yeah.
[01:44:13]  Well, Patrick Bateman type.
[01:44:15]  Yeah.
[01:44:16]  Well, thanks for doing this, guys.
[01:44:18]  Thanks for having us.
[01:44:19]  Yeah, it was a pleasure.
[01:44:20]  We got deep.
[01:44:21]  We went deep.
[01:44:22]  Yeah, we did.
[01:44:22]  There's a lot to cover.
[01:44:24]  Tell everyone listening and watching where they can find your guys' websites, your guys' social media, all that jazz.
[01:44:30]  Cryptonite.io.
[01:44:31]  I don't know the website.
[01:44:33]  Check us out, Cryptonite.io, you know, on TikTok at The Blockchain Boy.
[01:44:37]  All of our Cryptonite creators can be found through our website.
[01:44:40]  Come join our Discord community.
[01:44:42]  Hang out with us.
[01:44:42]  We're about to relaunch some of the stuff, working on some free educational resources.
[01:44:47]  I got my man Diego working on that.
[01:44:50]  But yeah, this was great.
[01:44:51]  I've been a fan of the podcast for a while.
[01:44:54]  Like I said, thanks, man.
[01:44:55]  Yeah, since you were working with Ben in the original stuff.
[01:44:58]  Oh, yeah.
[01:44:58]  That's how you originally found it?
[01:44:59]  Yeah, because I was in high school.
[01:45:01]  Like most people.
[01:45:03]  A big real estate.
[01:45:05]  I love real estate, too.
[01:45:06]  A lot of people love real estate.
[01:45:08]  A lot of people are attracted to rich people online.
[01:45:10]  Yeah.
[01:45:11]  Well, I would say it's not about that.
[01:45:13]  It's just about.
[01:45:14]  It is about that, though.
[01:45:15]  It is.
[01:45:16]  A lot of people, they're attracted to wealthy type people who show it and they make social media accounts, and then it's people just, you're attracted to it because that's what you want.
[01:45:26]  He was a character.
[01:45:27]  That's wild.
[01:45:27]  Oh, yeah, he was.
[01:45:29]  Yeah.
[01:45:29]  Right?
[01:45:30]  Yeah, absolutely.
[01:45:31]  Everybody wanted to be Dan B.
[01:45:33]  Yeah.
[01:45:33]  Yeah.
[01:45:34]  He did it.
[01:45:34]  He did it right.
[01:45:35]  That's for sure.
[01:45:36]  Then he mic dropped him and was like, I just wasn't ashamed.
[01:45:38]  I didn't stop posting.
[01:45:40]  Yeah, but I followed him.
[01:45:42]  He went to school like 20 minutes from here.
[01:45:44]  He went to Admiral Farragut, the high school he went to.
[01:45:45]  Yeah, he got kicked out for bringing a gun to school.
[01:45:47]  Yeah, I could see that.
[01:45:49]  That makes total sense.
[01:45:51]  Wow.
[01:45:51]  Yeah, he like pulled up in his car and like pulled his AK out of his trunk and he was like showing it off to somebody.
[01:45:56]  And I guess he didn't know it was illegal.
[01:45:58]  He didn't intend on doing anything bad.
[01:46:00]  I think he was just showing it off.
[01:46:01]  Yeah.
[01:46:01]  And then he got kicked out.
[01:46:03]  Wild.
[01:46:04]  Wild.
[01:46:05]  Good times.
[01:46:05]  Well, thanks for having us, man.
[01:46:06]  This has been cool.
[01:46:07]  This is our first real podcast appearance.
[01:46:10]  Is it really?
[01:46:10]  Pop the cherry with you guys.
[01:46:11]  I'm honored.
[01:46:12]  I'm honored to pop the cherry.
[01:46:13]  No problem.
[01:46:14]  Yeah, you got to come back.
[01:46:15]  Anytime.
[01:46:16]  I'll do.
[01:46:16]  Anytime you guys want to talk crypto.
[01:46:18]  Hell yeah.
[01:46:19]  We can do dedicated stuff too.
[01:46:21]  This was a general overview.
[01:46:22]  I could talk for hours until your face is blue.
[01:46:24]  Fuck yeah.
[01:46:25]  We'll do it.
[01:46:25]  All right.
[01:46:26]  Well, cool.
[01:46:26]  Thanks, boys.
[01:46:27]  I appreciate it.
[01:46:27]  Thanks, guys.