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Dec. 23, 2018 - Real Coffe - Scott Adams

21:50

Episode 346 Scott Adams: How to Support My Periscopes Without Patreon and Fix the Whole World Too

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	Subject Periscope by popular demand.
	As you might know, there's been some drama with the Patreon app.
	That's the app where people make donations to creators such as myself.
	I'm listed on that app.
	And you probably heard the story of Sargon Avakon.
	He was a conservative Who got kicked off of Patreon for something he said a while ago on a completely different platform.
	Now, the backstory is that the thing he said sounded offensive, deeply offensive, if you heard it out of context.
	If you understood it in context, you would know that he was awkwardly trying to make a point against racists.
	But if you hear it out of context, it seems the opposite.
	It sounds like he's using some bad language.
	And he got kicked off of Patreon.
	A number of people said, hey, that's no fair.
	You can't be kicked off of a platform for something you said on an entirely different platform, which, by the way, if you heard it in context, wouldn't even sound that bad.
	I see one of you saying that Sargon is actually a liberal, and that wouldn't surprise me at all.
	But anyway, whatever he is, that doesn't matter.
	What matters is he got kicked off of Patreon, and that caused about a 30% drop, I think, last I looked, on my Patreon income, because the people who would use Patreon left the platform, so they could no longer support other people, including me.
	Now, people said, Scott, you should support free speech, On the big platforms, and you should get off of Patreon.
	And my first instinct was, I've got a lot of things to disavow.
	I'm sort of exhausted from disavowing things.
	But I gave us some thought, and a lot of people twisted my arm, and I appreciate that, actually.
	And they said, find out a way that we can support you without Patreon, and I'm going to tell you how to do that.
	And at the same time, fix the whole darn world.
	I'm not even kidding. You might actually be able to fix the whole darn world.
	So, in my special case, I have a startup called WenHub that Created a cryptocurrency that is what's called a utility token, meaning that it's something that's useful within the app.
	The app is called Interface by WinHub, and it allows you to contact experts of any kind for a live video call right away.
	Now, the big news on the app is we've been a little silent on it lately because we had a major upgrade which just launched.
	And the major upgrade was that You could schedule the experts.
	So our big problem with the first version is that people would get on, they'd look for an expert, but the expert wasn't there when they needed them.
	So we just changed that and added a scheduling option.
	So if the expert allows scheduling, they have to activate it.
	But if it's allowed, then you can see their schedule and you can schedule.
	So that's the new upgrade.
	I hope you all check it out. It's called Interface by WenHub.
	And it's available in stores now.
	Now, how would that change the world?
	Well, it would change the world by, for example, and this is just a small example.
	Some of the experts we're bringing on, and we don't have many yet, but we're bringing on a bunch, will be doctors.
	So there's a telemedicine trend that's happening.
	And when people can get to a doctor on an app for a reasonable price, Then the whole health insurance thing starts to change, because doctor visits are a real big part of that.
	Now, it's not the whole solution to healthcare, but imagine a world where your doctor is just as far away as your hand, and you've got a live video call, and you can show them that suspicious mole, and you can talk through stuff.
	Suppose you just wanted a second opinion.
	Let's say you've got healthcare and you like it, but you'd really like to get another opinion.
	It's pretty inexpensive to get another opinion this way.
	You just pick up your phone and say, here's the deal.
	Now, that's not the only type of app.
	The app allows any kind of expert.
	Some of the experts we're talking to, but haven't signed up yet, would be experts in government grant writing.
	So let's say you're in an inner city and you want a government grant for your small business.
	How do you get one?
	How do you do it? How do you write a grant?
	It's very hard.
	But if we had our experts available on the app, people would just say, oh, I'll just ask an expert.
	And they could walk you through it, and then your small business could get past the biggest obstacle to getting funding that's appropriate for your situation.
	Now, there are grants of all kinds from the government, including, and here's the fun part, there's a huge bunch of technology grants, not technology, Huge amount of money that's available from the government if you've got medical-related startups.
	But people don't know how to write those grants, don't know how to find them, don't know how to get them.
	So just imagine that it would be easy to get government grants for something that important.
	You know, something that's critical to the world.
	Now imagine that all of those things that you can't find on the internet Suddenly become available to you at a reasonable price.
	There's a lot of stuff you can't Google because Google will give you too many responses.
	It doesn't work for this version.
	It doesn't quite answer your question.
	And you can't hire a personal expert for every little question.
	So we're going to fill in that gap between what Google can't do and what hiring an actual expert to just work for you would be too expensive.
	So if you need an expert for a 10-minute call or whatever you decide, there it is.
	Alright, so that's what the app is.
	And the big change is that we've released it with a scheduling feature.
	I hope you all download it and try it.
	But let's get back to Patreon.
	Because the app comes with a cryptocurrency that's just one of the ways you can pay your experts.
	You can just pay them with a credit card like any other any other app.
	But you have the option of paying in cryptocurrency that is called the WEN, W-H-E-N. And it's already been issued.
	The app is up and running.
	And the cryptocurrency is trading on two exchanges that I'll tell you about in a moment.
	Let me walk you through it because it sounds complicated, but I've made it really easy for you.
	All right? So if you're on Patreon, you have the option of continuing to do that because in the short run, I'll still be there.
	I'll screenshot the whiteboard as well.
	But here's the URL where you can go and use your same credit card to buy the WEN tokens.
	That directly benefits me.
	And here's the best part.
	It cuts down all the middle band.
	There's nobody taking a cut except the credit card company, of course.
	So if you go to this link, It's just buy.
	Remember the dot.
	There's a dot here. Buy.wentoken.com.
	Sign up, put in your credit card, and you're going to have some WEN tokens as much as you want.
	So you can buy as many WEN tokens as you want.
	Alright, so some people are telling me my video froze, and I lost some video there for a second.
	So let me just reiterate.
	That the interface by WenHub app is out.
	It now has a scheduling feature, so you can schedule when to talk to your experts.
	If you wanted to incent me for these periscopes, but you don't want to use Patreon because you've got a problem with it, for whatever reason, you can do it by going to buy.wentoken.com, buy as many tokens as you like, or as few.
	And here's the cool thing.
	If you incent me this way, If you can send me this way, first of all, it will help the startup.
	And the startup has tremendous potential for everything from telemedicine to getting government grants to finding technical information to any kind of mentor.
	So the benefit to society for the app is fairly tremendous in terms of the potential.
	But here's the best part.
	If you were to support me on Patreon, you give your money and that's it.
	You've just given money and you hope that that's part of what incents me to make more of the Periscopes.
	But if you incent me by buying the WEN tokens, there is a non-zero chance that they will become worth more than you paid.
	So you could actually end up with more money than you gave me.
	Now, I'm going to be as honest as possible.
	This is not an investment.
	Crypto is not an investment.
	But it is true that the value of crypto can go up and down, so you have a non-zero chance that it can become real money.
	Now, if you buy your tokens at this URL, which is as easy as putting in your credit card, then to actually have access to them, all you have to do Is download the app.
	It's in the Apple Store and the Google Store.
	And make sure this is important.
	Use the same sign-in for buying the tokens as you use for signing up in the app.
	And then that will download automatically your tokens into the app.
	And you're done. You don't need to understand wallets or any of that.
	Now if that's all you want to do, you're done.
	But, If a lot of you do it, the value of each WEN token will go up because they're designed to have a limited permanent quantity.
	So it's by design if a lot of people want them and buy them for any reason.
	If a lot of people buy them to support me, Then the value goes up.
	If a lot of people go to the exchange and buy them, then the value goes up.
	If the app we're making is successful, then the value will go up.
	Now, because it's a startup and because there's crypto involved, just know that most times that doesn't happen.
	But if you're trying to decide what are the odds that it would happen in this case, here are a few things to look for.
	Number one, most cryptocurrencies or the so-called ICOs or initial offerings of these crypto products, for the most part, they're based on just an idea for creating a company.
	So if you bought cryptocurrencies based on a white paper of just an idea, you had a much lower chance that they will ever become worth something than if you bought them from a company that's up and running, such as our app.
	So we're up and running, and that's by far the biggest hurdle for any cryptocurrency ever having value.
	Now, the other things you would want to look for is, is your cryptocurrency listed on an exchange?
	Because until it is, nobody can really buy them and trade them for real money.
	So that's a big, big Big deal.
	If you're trying to figure out good crypto from bad crypto, you want a company that exists.
	And then this is actually a hard bar to cross, but we crossed it recently, which is to get on two exchanges.
	One of them is called latoken.com.
	Another is CoinPulse.io.
	So both of them carry the WEN, which means that you can exchange it for Ether or other cryptos such as Bitcoin.
	If you wanted to turn that into actual money, you would need another exchange.
	So you take your cryptos, let's say you turned it into Ether, you took your WEN, you turned it into Ether, and then you went to this place.
	And by the way, you don't need to do any of this.
	You don't need to do any of this.
	If all you want to do is support me the same way you're supporting me on Patreon, just put in your credit card here and you're done.
	That's all you have to do.
	But if you're an expert, and you think you might want to make money on this...
	Alright, I'm back.
	I cleverly didn't talk while it was frozen up, so I think we're good to go again.
	Anyway, I was going to say that there's an expert path.
	If you already know how crypto wallets work, you can actually buy these same WEN cheaper by buying them on the market.
	So you don't have to go through WenHub at all.
	If you already know how to do crypto wallets and you're comfortable with exchanging things, you're all set.
	Just go to one of these exchanges.
	And buy it, and it'll be cheaper than if you bought it directly from us.
	In the long run, those will end up being the same.
	The prices will converge, but because there's not much trading at the moment, there's a difference in price.
	But you don't have to do any of this.
	You don't have to do any of the expert stuff.
	You could simply buy your tokens, sign up with the app, and they will just magically appear along with some other tokens that we give you for free just for signing up.
	as long as you use the same sign-in for buying as signing up for the app.
	So, yeah, hardware wallets work for cryptos in general, yeah.
	So you can get a hardware wallet that works.
	Yeah, I've never seen my feed freeze like this before either, so this is new.
	I don't know what that's about.
	Anyway, so the bottom line is this.
	If you want to help the world by helping this app succeed, and I do think it's that important, because if you can fill in that expert gap that most people need but don't have access to, that's going to make a big difference in the world.
	It would certainly make a difference in healthcare, and that's going to happen fairly quickly.
	And if you wanted to do something that was helping me as a creator, but you were doing something that might make you money, it might.
	Again, this is not investment advice and cryptos are not investments.
	The greatest likelihood for any crypto is that you never make money.
	That will always be the greatest likelihood of any crypto.
	But in the context of supporting me as a creator, it's a perfect solution.
	Alright, so that is the whole story.
	What kind of token is when?
	It's a utility token, and we just got an opinion from an expensive lawyer that it qualifies as a utility token.
	And by the way, if you follow crypto stuff, yes, I think it's ERC20 is correct.
	And it's built on the Ethereum platform, yes.
	I am not 100% owner of WenHub.
	My partners and co-founders are also co-owners.
	But I'm the primary funder of it.
	So anything that you do to buy Wen tokens benefits me directly because that's less money I have to put into the company.
	And Patreon doesn't take a cut.
	Am I closing my Patreon?
	Here's what I'm going to do. I don't want to commit to closing it because there's still a lot of people who want to use it.
	And I don't see a good reason to take their option away.
	But if this works out better, meaning there are enough people who go this path, then I would close it.
	But I don't want to give you a level of how much this has to be before I close the other thing.
	But it would be my intention if this worked out Really well, I would definitely close my Patreon account.
	And so if you want to help that happen, you can.
	Now, here's the other beauty of this.
	By spreading the word of this app, telling your friends over Christmas or whatever, you can make your tokens worth more.
	So the more people you get to do this, the more people you get to use the app, or to buy the when, either one, they both work, The more likely your tokens will actually someday become worth more than you bought them for.
	So, for those who are confused, maybe you came in late, I'm going to simplify it to the point where it's not confusing at all.
	Here it is. If you were sending me money through Patreon, but you don't want to do that anymore because you're mad at Patreon for freedom of speech reasons, You can go to this URL with your credit card.
	Just sign in and it will say, do you want to buy these cryptocurrencies?
	You just say yes and follow the directions.
	Very simple. Just like buying anything else.
	It's just a product. And then go to your store for your Apple apps or your Google apps and download Interface by WinHub.
	Make sure you use the same sign-on in both cases and the tokens you bought will appear in the app.
	You won't need to get a separate wallet.
	You don't need an exchange.
	It's nothing. You just need a credit card and a URL and you're good to go.
	Now the other thing is, if you buy these tokens, you can use them for a lot of the experts on the app.
	So some of the experts accept both cash And WEN tokens.
	So you automatically have an asset you can use the moment you buy them.
	And Patreon doesn't give you that.
	Can they be gifted? All crypto can be gifted.
	But to gift it, you would first have to go to an exchange and probably turn it into a more common crypto.
	You might want to do that.
	I'm not positive that's necessary, but you might want to do that.
	So yes, you could. All right.
	That is all for now.
	I think we have a PayPal link on there.
	Let me tell you.
	Do we have a PayPal link?
	I'll answer that question while you're here.
	Yes. You can also pay by MetaMask, which is a wallet type.
	So credit card or PayPal or MetaMask, any of those will work.
	Was this helpful?
	I'll just ask you that before I leave.
	Was this helpful?
	This is not direct pay to Scott, but also benefits the other token holders.
	Well, it benefits all the token holders, yes, but it is a direct benefit to me because every dollar we get through tokens funds the company and that's a dollar I don't have to put into the company.
	So it is one for one.
	One dollar you put through here does actually give me exactly one dollar worth of benefit with nothing but the credit card fee taken out.
	What's the ticker?
	The ticker is WEN, W-H-E-N, and it is a utility token.
	The company is called WenHub, and the app is called Interface by WenHub.
	Signing up now, your flowchart is a bit off.
	I think it's close enough for people to get what they need.
	So that's my response to the Patreon situation.
	I hope it's a win-win-win for all of you.
	And I would certainly like to see the WEN tokens be worth more in the future, and I'll be working toward that.
	And by the way, I might, I haven't decided this, but I might schedule myself on my app.
	To be available to say Merry Christmas to any big fans.
	So on Christmas Day, if I have time, I think I will.
	I'm going to make myself available on the app for anybody who's, let's say you got a father who's a big fan of Dilbert, and I'll just come on for five minutes and say Merry Christmas.
	So basically you can buy me on Christmas.
	So I'm not positive I'll do that, but I think I will.
	And I will Oh, and thank you for those who have already signed up.
	I see somebody already signed up and bought some tokens.

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