1 00:00:00,880 --> 00:00:08,720 It's a beautiful day to have a beautiful day, DMGM. 2 00:00:08,720 --> 00:00:13,960 On this beautiful day, good morning two and three with 3 00:00:13,960 --> 00:00:19,960 Baroco, San Fernando, TuneIn live at 10:30 and it's all on 4 00:00:20,000 --> 00:00:24,880 the wrong radio. It's a beautiful day to have a 5 00:00:24,880 --> 00:00:30,310 beautiful day. DMGM, Rock Radio. 6 00:00:34,670 --> 00:00:37,950 Well GM everyone, we are back here again for another episode 7 00:00:37,950 --> 00:00:42,070 of GM Web 3 on Rock Radio Takeover Show this week. 8 00:00:42,430 --> 00:00:44,670 As we said before, Farooq is in Korea. 9 00:00:44,670 --> 00:00:45,750 I've seen a lot of photos of that. 10 00:00:45,750 --> 00:00:49,110 CFM looks like he's having a good time and Ovi's in Canada. 11 00:00:49,110 --> 00:00:52,710 So we have cows and we have Mika as replacement. 12 00:00:54,180 --> 00:00:55,860 Good to have you guys. It's been a good, good week so 13 00:00:55,900 --> 00:00:57,860 far. No one's got the ball too badly. 14 00:00:57,860 --> 00:00:59,740 Like I think. I think it's been a it's been a 15 00:00:59,740 --> 00:01:02,740 solid takeover week. Don't jinx it. 16 00:01:03,020 --> 00:01:05,980 Don't jinx it, OK? We're getting a lot of good 17 00:01:06,020 --> 00:01:07,180 feedback. You're getting a lot of good 18 00:01:07,180 --> 00:01:10,060 feedback for breaking it down. I didn't realize how normal was. 19 00:01:10,060 --> 00:01:13,380 No one actually understood half the things we were saying for 20 00:01:13,380 --> 00:01:14,820 the last. Year and a half? 21 00:01:17,340 --> 00:01:22,220 Yeah, about that, yeah. But yeah, no, it's been fun. 22 00:01:24,090 --> 00:01:26,770 The sponsorship deals are rolling in for me. 23 00:01:27,050 --> 00:01:28,650 Are they? Have you got anything, any 24 00:01:28,650 --> 00:01:31,970 modeling? Yeah, yeah, some big, big stuff. 25 00:01:31,970 --> 00:01:33,890 No, not yet. How? 26 00:01:34,330 --> 00:01:35,530 How is your follower account going? 27 00:01:35,530 --> 00:01:39,970 Once you're going parabolic? At the moment, no. 28 00:01:42,450 --> 00:01:44,930 It's not quite parabolic, but it's up and to the right. 29 00:01:44,930 --> 00:01:48,050 I think that's the VC expression, right up and to the 30 00:01:48,050 --> 00:01:51,730 right baby compounded growth. I'll yeah. 31 00:01:52,250 --> 00:01:58,440 The bare model. My brain has just expanded and 32 00:01:58,520 --> 00:01:59,840 of course that's. Good. 33 00:01:59,960 --> 00:02:01,640 Crack and gives me wings. Sorry. 34 00:02:01,920 --> 00:02:05,600 One day I'll nail it, one day I'll nail the crack and gives me 35 00:02:05,600 --> 00:02:09,000 wings. They are here today, they are 36 00:02:09,000 --> 00:02:12,640 here today. So it's gonna be two-part 37 00:02:12,840 --> 00:02:15,760 basically day-to-day we're going to go through the normal top 38 00:02:15,760 --> 00:02:19,200 five things and then we're going to go at the end speak to the 39 00:02:19,200 --> 00:02:22,920 whole crack and team. They're obviously sponsoring GM 40 00:02:22,920 --> 00:02:25,640 Web 3 for this month alongside some other stuff alongside 41 00:02:25,640 --> 00:02:29,200 radio. I believe we have a site 42 00:02:29,200 --> 00:02:32,450 alongside them, which is I think it's cracking aft. 43 00:02:33,090 --> 00:02:36,970 Forward slash rug radio. I will double confirm that when 44 00:02:36,970 --> 00:02:39,650 it comes up on screen. But yeah, we're gonna have them 45 00:02:39,970 --> 00:02:43,410 in the studio towards the end of the show, which is gonna be a 46 00:02:43,410 --> 00:02:46,930 big deal, but for now we're just gonna go straight into. 47 00:02:49,290 --> 00:02:51,530 I've been told I'm not connected to the Twitter spaces. 48 00:02:51,530 --> 00:02:55,170 Is that right? It was all going so well. 49 00:02:55,650 --> 00:03:01,960 I told you Mando not to jinx it. But here we are. 50 00:03:02,080 --> 00:03:04,400 I see, Yes, connected Sims. Can you guys hear us in the 51 00:03:04,440 --> 00:03:12,080 audience? Hey, what's a good spaces 52 00:03:12,080 --> 00:03:14,520 without being rugged? Am I right? 53 00:03:15,800 --> 00:03:19,120 So true, so true. Back in the day it was just like 54 00:03:19,120 --> 00:03:22,200 getting rugged like every 5 minutes or back in the day like. 55 00:03:22,240 --> 00:03:26,000 Well, that no, no. You can only hit Can they hate 56 00:03:26,040 --> 00:03:27,840 everyone now? Is everyone now connected? 57 00:03:28,040 --> 00:03:29,560 Yeah, everyone's now connected. OK. 58 00:03:31,250 --> 00:03:32,370 I think they could only hear me before. 59 00:03:32,370 --> 00:03:34,490 Now they can hear you guys, which is, which is nice. 60 00:03:36,490 --> 00:03:39,130 Blame somebody else. You guys stared. 61 00:03:39,370 --> 00:03:41,770 You got a free pass there only people on. 62 00:03:41,770 --> 00:03:44,850 YouTube My God, my God. Okay. 63 00:03:44,850 --> 00:03:46,970 It's good. Everyone was saying they don't 64 00:03:46,970 --> 00:03:50,050 want Faroak and OSF back. My God. 65 00:03:50,050 --> 00:03:51,450 So I'm happy they didn't hear that. 66 00:03:53,250 --> 00:03:55,490 Are we connected right now? Yeah. 67 00:03:57,690 --> 00:04:00,490 Sorry, subject. Yeah, Okay. 68 00:04:00,490 --> 00:04:02,330 So we'll get straight into it because I think we should. 69 00:04:02,330 --> 00:04:04,730 We're going to try and speed it up through this show, but we're 70 00:04:06,090 --> 00:04:08,130 going to do the top five things again. 71 00:04:08,650 --> 00:04:11,850 I think we're going to start with a story that happened, kind 72 00:04:11,850 --> 00:04:13,810 of we were talking about on Monday, I believe it was, which 73 00:04:13,810 --> 00:04:16,890 is this creative past. This was the past that was 74 00:04:16,890 --> 00:04:20,209 alongside Mr. Beast. You had that gamer come out of 75 00:04:20,209 --> 00:04:23,890 the weekend and say, look, I didn't realize it was NF T's. 76 00:04:25,720 --> 00:04:27,720 It's since developed. Since then they've postponed the 77 00:04:27,720 --> 00:04:31,240 whole thing, so they're actually fully got cancelled for actually 78 00:04:31,240 --> 00:04:34,800 mentioning the word NFT and that is not gonna go forward. 79 00:04:35,880 --> 00:04:37,720 Yeah, I don't know what you guys thought about that, but I 80 00:04:37,720 --> 00:04:40,560 thought it was kind of wild to see the whole thing got 81 00:04:40,560 --> 00:04:43,040 cancelled because of NFT. So I understand one person's 82 00:04:43,040 --> 00:04:46,960 objection, but now it just seems like a like a very, very 83 00:04:46,960 --> 00:04:49,800 aggressive. Wait, it's all done. 84 00:04:50,280 --> 00:04:54,240 It's cancelled, yeah. Christmas is cancelled it seems, 85 00:04:55,490 --> 00:04:59,090 which is yeah. Can we pull it up? 86 00:04:59,490 --> 00:05:03,410 Where's the okay pulling it up? My God chat. 87 00:05:03,410 --> 00:05:05,770 Is this real? Is this real chat? 88 00:05:05,770 --> 00:05:09,130 Is this real? Can you see that I got it? 89 00:05:09,130 --> 00:05:11,130 No. No, we can't see it. 90 00:05:11,170 --> 00:05:17,560 Yes, I thought he was in there. It says it's yeah, it's on my 91 00:05:17,560 --> 00:05:18,800 side. There you go. 92 00:05:18,840 --> 00:05:21,600 Mr. B's promoter creates the league postponed after gamers 93 00:05:21,600 --> 00:05:24,600 bail amid NFT backlash. Influencer in the gaming knees 94 00:05:24,600 --> 00:05:27,040 said they were misled about the blockchain aspect. 95 00:05:27,040 --> 00:05:30,280 Now if users pausing the program and laying off stuff they came 96 00:05:30,280 --> 00:05:33,560 out with like a really apologetic tweet yesterday or 97 00:05:33,560 --> 00:05:37,040 post yesterday, basically being like sit here at the bottom the 98 00:05:37,040 --> 00:05:39,440 crazily was an experiment. Blah blah blah blah blah blah. 99 00:05:41,260 --> 00:05:44,580 The creativity community passes are not considered Nft's nor 100 00:05:44,580 --> 00:05:47,140 token launch because they had no transfer utility, which means 101 00:05:47,140 --> 00:05:50,820 there is no ability to resell. I mean, it just seems so 102 00:05:50,820 --> 00:05:53,860 desperate to try and get out of it this way that it was really 103 00:05:53,860 --> 00:05:55,780 that bad that you could transfer your Nft's. 104 00:05:55,780 --> 00:05:57,380 That why is that what people are annoyed about? 105 00:05:57,580 --> 00:06:00,820 Like the the surely that's beneficial that you'd be able to 106 00:06:00,820 --> 00:06:02,260 transfer them. So I think it's kind of wild. 107 00:06:03,660 --> 00:06:06,700 I feel like this is part of like a bigger thing from like you 108 00:06:06,700 --> 00:06:10,220 don't just lay off 30% of your company because of this. 109 00:06:10,340 --> 00:06:14,820 It feels feels like they needed an excuse to lay off 30 people 110 00:06:14,940 --> 00:06:18,300 and now they may be found one. I don't know, but it seems like 111 00:06:18,300 --> 00:06:20,500 a total knee jerk reaction. I totally agree with you as well 112 00:06:20,500 --> 00:06:24,580 that the statement is just like pathetic, like stand up for 113 00:06:24,580 --> 00:06:26,460 yourself. If you believe in the product 114 00:06:26,460 --> 00:06:29,740 say yeah, look, we think this is a good way to push these sports 115 00:06:29,740 --> 00:06:32,580 forward or you know, we think this is a good way of. 116 00:06:32,900 --> 00:06:36,540 Empowering the community and giving them some decision making 117 00:06:36,540 --> 00:06:37,940 power over the creatives, I don't know. 118 00:06:38,300 --> 00:06:41,180 At least defend your decisions and your actions rather than 119 00:06:41,180 --> 00:06:45,580 just like lying over like a limp fish and kind of, yeah, 120 00:06:45,580 --> 00:06:53,540 pandering to the the most vocal minority of your kind of nature. 121 00:06:54,700 --> 00:06:57,780 That was such a. That was such a visual with the 122 00:06:57,780 --> 00:06:59,220 fish. It is weak. 123 00:06:59,300 --> 00:07:01,660 Someone said. Weak league, I mean. 124 00:07:02,700 --> 00:07:07,180 I don't know, maybe maybe no PR is bad PR. 125 00:07:07,180 --> 00:07:10,940 Am I right? I feel like this is way worse 126 00:07:10,940 --> 00:07:12,540 than the story that we heard on Monday. 127 00:07:12,820 --> 00:07:14,340 Like, it's basically what you just said, Kelly. 128 00:07:14,340 --> 00:07:18,140 Like, who cares if one person was like, I don't like NFTS and 129 00:07:18,140 --> 00:07:20,620 didn't really get a project for you then to actually cancel the 130 00:07:20,620 --> 00:07:24,250 whole thing because of that? I just think it's like that's 131 00:07:24,410 --> 00:07:25,970 that is just really bad in my opinion. 132 00:07:25,970 --> 00:07:28,130 Just go forward with it. Like just say that guy didn't 133 00:07:28,130 --> 00:07:30,330 understand like it's not that big a deal that you're using 134 00:07:30,330 --> 00:07:32,930 Nft's, not that we need to cancel the whole thing. 135 00:07:33,930 --> 00:07:37,650 So yeah, I thought this. I feel like this is kind of a 136 00:07:37,650 --> 00:07:40,330 part of the structure, like because I was thinking about it 137 00:07:40,330 --> 00:07:44,570 a bit more basically that guy who opposed it in the 1st place, 138 00:07:44,690 --> 00:07:49,530 he was only saying that because his audience who is there's zero 139 00:07:49,530 --> 00:07:52,450 Moat they can just switch to like streaming another guy. 140 00:07:52,800 --> 00:07:54,880 So they need to pander to everything that the audience 141 00:07:54,880 --> 00:07:56,920 thinks or that they think their audience thinks. 142 00:07:57,200 --> 00:08:01,880 So basically the whole structure of the fact that it's costless 143 00:08:01,880 --> 00:08:04,640 to switch streams or look at somebody else, that everyone's 144 00:08:04,640 --> 00:08:08,880 competing friables makes it like basically you just pander to 145 00:08:08,880 --> 00:08:11,320 your audience's views as much as possible to try and get them to 146 00:08:11,320 --> 00:08:15,400 watch, yeah. I feel like I don't know. 147 00:08:16,600 --> 00:08:18,680 I think this is honestly ridiculous. 148 00:08:18,680 --> 00:08:20,360 Like I don't know who's advising. 149 00:08:20,980 --> 00:08:23,980 Like these people, I just don't understand. 150 00:08:24,100 --> 00:08:27,500 Why is everybody just so uneducated? 151 00:08:27,500 --> 00:08:29,860 They got to come to the TM Web 3 show. 152 00:08:30,100 --> 00:08:34,179 Come on. Yeah, but this it just, it just 153 00:08:34,179 --> 00:08:36,179 seems like they they just have no backbone. 154 00:08:36,179 --> 00:08:39,100 So I think that's kind of kind of embarrassing for for kind of 155 00:08:39,179 --> 00:08:41,700 everyone in the whole space that that has had to happen. 156 00:08:41,700 --> 00:08:45,700 But yeah, I guess I think this is way worse than the the story, 157 00:08:46,140 --> 00:08:48,660 the story up for Monday, but we'll see how that one develops. 158 00:08:48,660 --> 00:08:51,900 The second story for today is that Meta Mask have announced 159 00:08:51,900 --> 00:08:54,300 that they are going to do an offramp service. 160 00:08:54,300 --> 00:08:56,300 Now this has been a big deal in crypto for a while. 161 00:08:56,940 --> 00:08:58,980 Getting money in and out of crypto is going increasingly 162 00:08:58,980 --> 00:09:00,980 hard. A lot of exchanges basically 163 00:09:01,980 --> 00:09:05,220 have made it increasingly difficult because of various 164 00:09:05,220 --> 00:09:09,060 different KYC regulations and just losing banking partners. 165 00:09:09,060 --> 00:09:11,220 There was an operation Choke point in the US which a lot of 166 00:09:11,220 --> 00:09:15,140 people pointed to. Now it looks like meta masks are 167 00:09:15,140 --> 00:09:18,460 teaming up with PayPal and that you can get your money off 168 00:09:18,500 --> 00:09:22,710 exchanges. It's quite funny that this was a 169 00:09:22,710 --> 00:09:26,070 big headline which I think people were were pretty happy 170 00:09:26,070 --> 00:09:34,230 about and then it looks like the fees to get money off is is 9% 171 00:09:36,910 --> 00:09:40,150 on small they're they're already like they always charge a little 172 00:09:40,150 --> 00:09:42,910 bit more for the swaps as well versus like some of the 173 00:09:42,910 --> 00:09:49,200 competitors but 9% to get your money out is is pretty wild 174 00:09:50,160 --> 00:09:51,840 this. Doesn't How much are the fees? 175 00:09:52,360 --> 00:09:53,760 How much are the fees on cracking? 176 00:09:55,880 --> 00:09:58,640 No, we use them. Yeah. 177 00:09:58,840 --> 00:10:02,080 So what's what's the percent? Just to compare. 178 00:10:02,360 --> 00:10:05,040 If you use Cracking Pro, it's minuscule. 179 00:10:05,040 --> 00:10:07,880 Totally minuscule if you set orders. 180 00:10:08,200 --> 00:10:10,640 If you're a price maker. If you're a price taker, it's 181 00:10:10,640 --> 00:10:12,600 very, very small. If you're a price maker, it's 182 00:10:12,640 --> 00:10:14,720 essentially nothing. And then to offer them to the 183 00:10:14,720 --> 00:10:16,890 bank accounts like. I did it the other day. 184 00:10:16,890 --> 00:10:19,210 It's like 2 bucks, maybe 8 bucks. 185 00:10:19,770 --> 00:10:20,210 Nice. Wow. 186 00:10:20,250 --> 00:10:21,530 And. Like a very very large 187 00:10:21,570 --> 00:10:23,330 transaction. It's a lot, Okay. 188 00:10:23,330 --> 00:10:25,090 Very. Very way less than 1%. 189 00:10:25,210 --> 00:10:25,650 Yeah. Huge. 190 00:10:26,170 --> 00:10:29,690 Huge. Wow okay. 191 00:10:29,730 --> 00:10:32,090 Well you got the answer there folks. 192 00:10:32,570 --> 00:10:34,570 Cracking No this. Is a classic. 193 00:10:34,770 --> 00:10:38,410 But yeah, Sammy's a good follower in the space, but he 194 00:10:38,410 --> 00:10:40,170 kinda goes through how the process is. 195 00:10:40,680 --> 00:10:43,800 He is obviously based in the UK. You actually have to pass some 196 00:10:43,800 --> 00:10:46,760 sort of KYC to get it, which kind of makes sense because I 197 00:10:46,760 --> 00:10:50,160 think it came out via Moon Pay Looks like. 198 00:10:51,960 --> 00:10:55,160 Anyway transaction took 5 minutes, he only took out a 199 00:10:55,160 --> 00:10:58,160 small amount. Looks like he took out like £60 200 00:10:58,160 --> 00:11:04,000 worth but still like. So this cost me £6 for a 60 201 00:11:04,080 --> 00:11:08,880 pound transfer. What's £6 like? 202 00:11:09,670 --> 00:11:12,350 Run it back, Turbo. Okay, okay a buck. 203 00:11:12,350 --> 00:11:15,030 Yeah, but. I mean, yeah, for an A/C buck 204 00:11:15,030 --> 00:11:17,150 transfer. I mean, at least at least 205 00:11:17,150 --> 00:11:21,910 there's an, there's options. I like that there's options. 206 00:11:21,910 --> 00:11:26,390 I think that that's good that it's the option is even 207 00:11:26,390 --> 00:11:31,070 available on Meta Mask, yeah. Man, Yeah. 208 00:11:31,070 --> 00:11:34,030 Look, I give you one, Yeah, you say. 209 00:11:34,070 --> 00:11:35,870 What's your view on like PayPal in general? 210 00:11:36,030 --> 00:11:39,670 Like a lot of people in crypto have been very anti PayPal for a 211 00:11:39,670 --> 00:11:45,430 long time, including myself, since they kind of went totally 212 00:11:45,430 --> 00:11:50,470 hammed with a like a terms of service policy, it was like 12 213 00:11:50,470 --> 00:11:54,230 or six months ago, They're kind of seen as this bastion of 214 00:11:54,230 --> 00:11:58,670 centralization, right? And I wonder is like? 215 00:11:59,210 --> 00:12:01,530 This cheerleading and the company like that getting into 216 00:12:01,530 --> 00:12:04,530 it, is that a good thing or a bad thing or just a thing? 217 00:12:05,410 --> 00:12:08,610 Not gonna lie. Like I hadn't used PayPal for 218 00:12:08,610 --> 00:12:12,410 over a decade. Like I thought it was like 219 00:12:12,410 --> 00:12:15,970 boomer, boomer, web two payments provider. 220 00:12:15,970 --> 00:12:19,170 Like who uses PayPal? Like I don't think I've heard 221 00:12:19,170 --> 00:12:22,850 about that for a long time. And then recently it does feel 222 00:12:22,850 --> 00:12:25,250 like they've made a bit of resurgence and particularly 223 00:12:25,250 --> 00:12:28,100 started to push crypto a little bit more. 224 00:12:28,100 --> 00:12:32,100 But it does feel very, it does feel very centralized. 225 00:12:32,180 --> 00:12:35,820 It's almost like I would equate PayPal to using a building 226 00:12:35,820 --> 00:12:38,260 society in the UK. It's like you go in, you know, 227 00:12:38,260 --> 00:12:41,940 there's going to be like very standard, like bank style 228 00:12:41,940 --> 00:12:45,340 regulations about what you can do and they're probably going to 229 00:12:45,340 --> 00:12:48,660 call, call you and send you some texts for just like moving 100 230 00:12:48,660 --> 00:12:49,980 pounds. It's like it's really quite 231 00:12:49,980 --> 00:12:53,020 difficult and that that was my that has been my experience 232 00:12:53,020 --> 00:12:55,480 recently of using it. That being said like who knows 233 00:12:55,600 --> 00:12:57,400 that they they're bringing out a stable coin. 234 00:12:58,440 --> 00:13:01,840 It's obviously it's obviously linked to a lot of different 235 00:13:01,920 --> 00:13:05,880 payment solutions and internationally particularly 236 00:13:05,880 --> 00:13:12,880 things to do with e-commerce. So I think I think it's, I don't 237 00:13:12,880 --> 00:13:15,520 think it's the payment provider that I would ever try and use 238 00:13:15,520 --> 00:13:19,040 but if it's going to be something in crypto then I'm 239 00:13:19,080 --> 00:13:21,520 rather it was then it wasn't put that way. 240 00:13:21,880 --> 00:13:25,700 So, yeah, I think it can be, I think it can be big for the for 241 00:13:25,700 --> 00:13:30,140 the actual segment of the market that it corners, but I am not 242 00:13:30,220 --> 00:13:32,220 really involved in that market let's say. 243 00:13:33,140 --> 00:13:37,180 Yeah, with the with Coinbase, I mean it was it actually worked 244 00:13:37,180 --> 00:13:39,500 pretty like back in the day, not, not anymore. 245 00:13:39,500 --> 00:13:43,420 But I remember friends used to use Coinbase and then like take 246 00:13:43,420 --> 00:13:46,020 it out with PayPal and it would happen like instantly. 247 00:13:46,020 --> 00:13:50,380 But that was like 2 years ago, three years ago. 248 00:13:50,380 --> 00:13:56,170 So it ain't like that right now. No, no, I look, maybe we see a 249 00:13:56,170 --> 00:14:01,010 resurgence of PayPal, like PayPal, I guess. 250 00:14:01,050 --> 00:14:04,490 I guess you've seen like it was obviously created by Elon and 251 00:14:04,570 --> 00:14:07,450 whatever, so maybe they'll they'll push him back into 252 00:14:07,730 --> 00:14:10,290 crypto. I think now Elon's trying to 253 00:14:10,290 --> 00:14:14,450 make X basically like a E pal meets social media, right? 254 00:14:14,970 --> 00:14:16,010 PayPal. PayPal. 255 00:14:16,010 --> 00:14:19,650 Merged with Elon's company, which was called x.com. 256 00:14:20,890 --> 00:14:24,880 Yeah, yeah, I remember. But he's but so now he's 257 00:14:24,880 --> 00:14:27,920 basically grading it because maybe Paypal's decided that it 258 00:14:27,920 --> 00:14:30,800 can go down that route as well. So maybe we'll see even more of 259 00:14:30,800 --> 00:14:33,160 it. But they are embracing crypto. 260 00:14:33,160 --> 00:14:36,480 You've seen Vista and MasterCard also make some moves into crypto 261 00:14:36,560 --> 00:14:38,960 recently. There was a story even out today 262 00:14:38,960 --> 00:14:48,240 that Visa's gonna start using Solana for USDC payments, which 263 00:14:48,240 --> 00:14:50,440 was quite a big deal in the Solana community. 264 00:14:50,440 --> 00:14:54,360 Like people are saying you know this is quite big big big, big 265 00:14:54,360 --> 00:14:56,440 big payment provider now looking to move. 266 00:14:56,720 --> 00:14:59,640 Those 9% fees are like are just crazy though. 267 00:14:59,640 --> 00:15:02,800 I know credit card fees, although you maybe see them are 268 00:15:02,800 --> 00:15:09,860 like 2 and 2 1/2 percent I think, but this at 9%, like, no, 269 00:15:09,860 --> 00:15:12,060 I mean that's something that you actually remember, you know, 270 00:15:12,060 --> 00:15:14,300 like that's that leaves a bit of a dent whenever you're trying to 271 00:15:14,300 --> 00:15:18,180 move some money so. I think do a trade and make 9% 272 00:15:18,180 --> 00:15:23,300 You're like have very happy and then you just spend it all on 273 00:15:23,420 --> 00:15:24,780 the extraction. That seems wrong. 274 00:15:25,940 --> 00:15:29,780 I think it depends like if some of these are fixed fees. 275 00:15:29,940 --> 00:15:31,940 Like he moved a very small amount. 276 00:15:31,940 --> 00:15:34,620 So I can have met, well, not a very small amount, but he moved 277 00:15:34,620 --> 00:15:36,900 60 bucks. So it's not like it's not 278 00:15:36,900 --> 00:15:38,780 something crazy. I don't know if those fees would 279 00:15:38,780 --> 00:15:41,460 lower, come down quite a lot as a percentage if you tried to 280 00:15:41,460 --> 00:15:44,140 move like and then five grand or 10 grand. 281 00:15:44,140 --> 00:15:49,180 So I'm not going to be doing that, but let's see, let's see 282 00:15:49,180 --> 00:15:51,780 how it develops. And and the fact that they have 283 00:15:51,900 --> 00:15:56,300 an off ramp, more off ramps is good just just because people do 284 00:15:56,300 --> 00:15:58,580 find it difficult often to get their money out one way or 285 00:15:58,580 --> 00:16:01,340 another. So I'm kind of happy about that. 286 00:16:03,420 --> 00:16:07,580 Yeah, that was and obviously we kind of touched upon the other 287 00:16:07,580 --> 00:16:12,860 thing there which was that Visa and Solana are doing a are doing 288 00:16:12,860 --> 00:16:15,620 a partnership. Solana just you know headline 289 00:16:15,620 --> 00:16:18,340 that Solana uses has hit a two year low, but it does feel like 290 00:16:18,340 --> 00:16:20,300 some big applications are still being built there. 291 00:16:20,820 --> 00:16:24,060 They're definitely winning some of like the gaps moving into 292 00:16:24,060 --> 00:16:27,350 their ecosystem as well. What we did see yesterday 293 00:16:27,350 --> 00:16:32,350 though, and what's long ago a lot of fun for back in 2021 and 294 00:16:32,350 --> 00:16:36,870 2022 was how much it went down. And there's increasingly A 295 00:16:36,870 --> 00:16:41,790 narrative that the L twos being built on Ethereum actually run a 296 00:16:41,790 --> 00:16:45,870 lot of the same centralization issues that we used to FUD all 297 00:16:45,870 --> 00:16:50,030 the L ones about. And this is to do with so the 298 00:16:50,030 --> 00:16:55,120 sequences fraud proofs, but you saw yesterday that base which is 299 00:16:55,120 --> 00:17:00,800 the big L2, which obviously Coinbases, Coinbases backing or 300 00:17:00,880 --> 00:17:04,560 it's actually Coinbases chain, which is built on the optimism 301 00:17:05,079 --> 00:17:08,440 technology stack that went down for about 45 minutes. 302 00:17:09,359 --> 00:17:12,119 And we've seen this happen with Arbitram recently. 303 00:17:13,560 --> 00:17:16,160 I think I believe it's happened to a number of different L twos 304 00:17:16,839 --> 00:17:20,880 in the last few months, but it does feel as though that's not a 305 00:17:20,880 --> 00:17:28,620 great look for for for base, the TV out of base, that's the total 306 00:17:28,620 --> 00:17:31,300 value lot we've gone, it's gone stratosphere recently it's gone 307 00:17:31,300 --> 00:17:34,340 up to like $400 million. So there's a lot of money moved 308 00:17:34,340 --> 00:17:37,300 on to moved on to the base and to see something like that 309 00:17:37,300 --> 00:17:41,220 happen kind of early. I don't know what you guys 310 00:17:41,220 --> 00:17:45,100 think, but it doesn't make me feel super confident about the L 311 00:17:45,100 --> 00:17:50,620 twos unnecessarily a safer future for for Ethereum. 312 00:17:50,620 --> 00:17:54,140 Like people have said that they keep the security of Ethereum 313 00:17:55,380 --> 00:17:58,540 because the the the transactions are eventually settled there. 314 00:17:58,540 --> 00:18:01,860 But it does feel like they do run a lot of centralization 315 00:18:01,860 --> 00:18:04,460 issues and this seems to be one of them. 316 00:18:04,460 --> 00:18:06,620 I'll bring up, I'll bring up the story about it because I thought 317 00:18:06,620 --> 00:18:09,140 it was kind of kind of crazy to see. 318 00:18:09,140 --> 00:18:15,700 They did manage to to fix it after after 45 minutes. 319 00:18:15,700 --> 00:18:20,370 But yeah, block production on base properly halted 43 minutes 320 00:18:20,450 --> 00:18:22,970 after as developers rush to implement fixed. 321 00:18:23,370 --> 00:18:25,610 They said we identified the delay and block production due 322 00:18:25,610 --> 00:18:28,010 to part to our internal infrastructure requiring 323 00:18:28,010 --> 00:18:30,610 refresh. I mean that sounds kind of bad. 324 00:18:31,530 --> 00:18:34,290 We implemented a fix. It sounds like we just had to 325 00:18:34,290 --> 00:18:37,410 turn it on and off again, which doesn't really that good. 326 00:18:38,690 --> 00:18:41,010 The only job they have is to keep it running. 327 00:18:41,010 --> 00:18:43,920 That's like. Is in some ways it was more 328 00:18:43,920 --> 00:18:46,960 important than all the other things it does is just keep keep 329 00:18:46,960 --> 00:18:51,720 processing blocks and yeah, it's not great that it's happened 330 00:18:51,720 --> 00:18:52,760 this early on. I think. 331 00:18:53,520 --> 00:18:56,720 I don't see it being like I think with when Solana got 332 00:18:56,720 --> 00:18:58,880 footed badly it was because it was happening again and again 333 00:18:58,880 --> 00:19:01,560 and again. If it's like a one off and it's 334 00:19:01,560 --> 00:19:04,800 OK then could be fine. But if this keeps happening, 335 00:19:05,520 --> 00:19:09,480 yeah, it's not a great look. Teo. 336 00:19:11,630 --> 00:19:14,110 Carbo, really quick what do you mean running out of? 337 00:19:14,110 --> 00:19:15,550 What does that mean, running out of block? 338 00:19:15,550 --> 00:19:17,470 Like I know, like for the blockchain there's like, you 339 00:19:17,470 --> 00:19:20,510 know, a block is composed of like all the information, but 340 00:19:20,510 --> 00:19:25,070 like what does that mean here? In what sense? 341 00:19:25,070 --> 00:19:26,230 Just process it. Sorry. 342 00:19:27,550 --> 00:19:29,350 Yeah, they're just not producing blocks. 343 00:19:29,670 --> 00:19:32,070 Like they just said, if the changes stopped. 344 00:19:32,950 --> 00:19:34,590 And there are often different reasons for this. 345 00:19:34,590 --> 00:19:38,190 They don't, actually. What I think was bad about this 346 00:19:38,190 --> 00:19:41,420 is that they didn't really provide an explanation about 347 00:19:41,420 --> 00:19:44,580 what happened. They just said internal 348 00:19:44,580 --> 00:19:47,740 infrastructure requiring a refresh, which literally sounds 349 00:19:47,740 --> 00:19:51,380 to me like a very centralized that's what you would if like 350 00:19:51,380 --> 00:19:53,900 your website went down, you might ask something like that. 351 00:19:53,900 --> 00:19:57,620 So a decentralized Ledger, you don't like to hear stuff like 352 00:19:57,620 --> 00:19:58,980 that. So I don't know, they didn't 353 00:19:58,980 --> 00:20:03,620 really go into the details about why it failed, but. 354 00:20:04,500 --> 00:20:09,220 Like I said, I think the big big theme in in crypto right now is 355 00:20:09,220 --> 00:20:12,980 L twos, right? Ethereum's actually making less 356 00:20:12,980 --> 00:20:14,380 money at the moment as a blockchain. 357 00:20:14,380 --> 00:20:17,300 So like the amount of fees being collected because a lot of 358 00:20:17,300 --> 00:20:20,140 transactions are happening on L twos at the moment and people 359 00:20:20,140 --> 00:20:21,820 think that's really good. I mean that is meant to be 360 00:20:21,820 --> 00:20:27,700 happening with Ethereum. But what you are seeing that 361 00:20:27,700 --> 00:20:30,620 then is people are also assuming that this, this new 362 00:20:30,620 --> 00:20:34,700 infrastructure being built has got the same level of security 363 00:20:34,700 --> 00:20:37,340 or at the same level of functionality as Ethereum did. 364 00:20:37,340 --> 00:20:39,420 And that was actually what was peddled for a long time. 365 00:20:39,860 --> 00:20:43,940 The idea that L2 is the safest, it's the most secure, it's the 366 00:20:43,940 --> 00:20:46,540 best. And actually then they don't 367 00:20:46,540 --> 00:20:48,580 tend to often be that way. And there are very different 368 00:20:48,580 --> 00:20:51,180 reasons why. But I think you have to be very, 369 00:20:51,180 --> 00:20:54,940 very aware that with some of these L twos you could be in 370 00:20:55,860 --> 00:21:00,940 very similar sort of scenario as where people were in Solana back 371 00:21:00,940 --> 00:21:04,060 in 2022, where some of these blockchains just stopped working 372 00:21:04,100 --> 00:21:07,060 for hours and end. They just, they just stop and 373 00:21:07,060 --> 00:21:10,580 your money could be stuck there and that's maybe it doesn't 374 00:21:10,580 --> 00:21:13,180 matter when nothing's going on, but if if something's crazy 375 00:21:13,180 --> 00:21:16,020 going on or like this massive load on the network which often 376 00:21:16,540 --> 00:21:20,580 relates to something crazy going on, it's not, it's not a great 377 00:21:20,580 --> 00:21:24,320 situation to be in. So I think just be aware of of 378 00:21:24,320 --> 00:21:28,200 putting your money on L twos and knowing that this sort of stuff 379 00:21:28,480 --> 00:21:30,080 I think is going to increasingly happen. 380 00:21:33,040 --> 00:21:36,160 All this stuff basically, it's basically going to keep on 381 00:21:36,160 --> 00:21:38,400 happening again and again and again and we're going to have to 382 00:21:38,400 --> 00:21:42,080 sit here and be like you know, all that stuff we funded for 383 00:21:42,160 --> 00:21:45,720 Solana for is basically what the majority of the theory of 384 00:21:45,720 --> 00:21:50,960 ecosystem is headed towards. Well, this is awkward. 385 00:21:53,450 --> 00:21:55,690 Sorry, I was just, you know, feeling left out with the 386 00:21:55,730 --> 00:21:56,890 accent. You know what I'm saying? 387 00:21:59,770 --> 00:22:01,090 I actually saw another thing to that. 388 00:22:01,130 --> 00:22:04,410 If you saw the debate that's happening about block rewards 389 00:22:05,050 --> 00:22:07,170 for Bitcoin, did you guys, did you see this? 390 00:22:07,930 --> 00:22:11,330 I actually got into a big argument at a wedding with 391 00:22:11,330 --> 00:22:14,090 somebody over this. Why do you have the most 392 00:22:14,210 --> 00:22:17,420 scandalous? Like, like stories. 393 00:22:17,420 --> 00:22:21,620 First your honeymoon, like you know the Harry Potter, then you 394 00:22:21,620 --> 00:22:24,740 have like the wedding beef. Like you just always have these 395 00:22:24,740 --> 00:22:28,380 like crazy stories anyways. Mando Mando knows this has been 396 00:22:28,380 --> 00:22:31,940 a big, like a pet kind of project of mine for a while. 397 00:22:32,180 --> 00:22:35,340 The The end state of Bitcoin. The end state of Bitcoin? 398 00:22:37,260 --> 00:22:40,300 Yeah, yeah. Cali Cali does is not a big 399 00:22:40,300 --> 00:22:42,580 Bitcoin fan. I have a big. 400 00:22:42,740 --> 00:22:47,590 Fan It's not the end state. Yeah, so this is kind of flared 401 00:22:47,590 --> 00:22:53,150 up again overnight seemingly between a bunch of this. 402 00:22:53,150 --> 00:22:55,830 This is Dylan Leclerc. He's quite a well known laser 403 00:22:55,830 --> 00:22:59,950 eye I think he maybe is a senior analyst at Bitcoin magazine 404 00:22:59,950 --> 00:23:03,550 looks like, But definitely a follow in the space and there's 405 00:23:03,550 --> 00:23:06,310 a big debate about like the future of Bitcoin and its 406 00:23:06,310 --> 00:23:09,430 security. Everyone gets very bullish about 407 00:23:09,430 --> 00:23:14,970 halving, but at the same time that could mean that the Bitcoin 408 00:23:14,970 --> 00:23:17,810 network is become progressively less secure. 409 00:23:18,490 --> 00:23:20,530 Eventually we are going to run out of bitcoins right? 410 00:23:20,770 --> 00:23:26,210 Or there will be no more. And in that world what happens 411 00:23:26,210 --> 00:23:28,530 to the security of Bitcoin? Like what? 412 00:23:28,850 --> 00:23:31,130 Who is the person securing the network right now? 413 00:23:31,130 --> 00:23:34,850 It is the miners pipe block space. 414 00:23:35,290 --> 00:23:39,450 Now we don't actually know what's going to happen but that 415 00:23:39,450 --> 00:23:42,750 is 140 years away or something like that 120 years away. 416 00:23:42,790 --> 00:23:46,630 But they are saying, but they are saying that the current 417 00:23:46,630 --> 00:23:50,950 security of Bitcoin could be challenged even in 4-8 years 418 00:23:50,950 --> 00:23:52,390 like with each with each hardening. 419 00:23:53,030 --> 00:23:56,710 And there was a lot of people with the recent ordinals move 420 00:23:57,030 --> 00:24:01,510 very, very bullish because this was we actually had them on GM 421 00:24:01,510 --> 00:24:05,520 web, GM web three about from there five months ago saying you 422 00:24:05,520 --> 00:24:07,520 know this is a Cambrian explosion for Bitcoin. 423 00:24:07,520 --> 00:24:10,640 This is now the future of bit for Bitcoin because people would 424 00:24:10,760 --> 00:24:15,600 start to pay pay essentially for that block space again. 425 00:24:17,040 --> 00:24:21,520 And now ordinals has basically gone to 0 again in terms of 426 00:24:21,520 --> 00:24:26,080 trading. And and it's because the the the 427 00:24:26,440 --> 00:24:29,600 the devs, the the core devs of Bitcoin are very much against 428 00:24:29,600 --> 00:24:31,880 any of these changes and they've made it progressively more 429 00:24:31,880 --> 00:24:34,640 difficult. And there isn't a new view or 430 00:24:34,640 --> 00:24:36,800 that, not really a new view but there is persistent view that 431 00:24:36,800 --> 00:24:38,400 actually Bitcoin is going to have to change. 432 00:24:38,600 --> 00:24:40,440 There's going to be some sort of tail emissions. 433 00:24:40,440 --> 00:24:43,520 So instead of it being 21 million or whatever it is, it's 434 00:24:43,520 --> 00:24:47,280 going to have to have some form of tail emission to make sure 435 00:24:47,680 --> 00:24:51,400 that miners are, that miners are protected. 436 00:24:51,880 --> 00:24:56,840 Dylan has come out and basically said that's stupid, that Bitcoin 437 00:24:56,840 --> 00:24:59,040 does not need these tail emissions that eventually people 438 00:24:59,040 --> 00:25:04,970 will always pay for, for for to mine Bitcoin because the hash 439 00:25:05,010 --> 00:25:07,410 rate will come down and eventually with someone. 440 00:25:07,690 --> 00:25:10,570 I do kind of agree with this, this sentiment up until the 441 00:25:10,570 --> 00:25:13,570 point, and actually you should read the comments here because a 442 00:25:13,570 --> 00:25:16,130 bunch of very, very prominent Bitcoin people are just fighting 443 00:25:16,130 --> 00:25:17,650 out. Eric, who's a big taproot 444 00:25:18,970 --> 00:25:21,610 ordinal's person, was basically saying like, you're an idiot. 445 00:25:22,170 --> 00:25:26,250 And I think I saw the king of Thredles, Adam Cochran actually 446 00:25:26,250 --> 00:25:27,570 come out. Yeah, here we go. 447 00:25:29,270 --> 00:25:32,710 The problem is that Maxi seemed to be getting that the intention 448 00:25:32,710 --> 00:25:34,430 was for payment fees to solve this. 449 00:25:34,430 --> 00:25:36,310 When Satoshi left, that innovation faulted. 450 00:25:36,510 --> 00:25:38,470 That went out the window. The hash rate changed neither 451 00:25:38,470 --> 00:25:40,670 changes the Bitcoin produced per block nor the cost of 452 00:25:40,670 --> 00:25:44,190 electricity. Bitcoin was a perfectly was a 453 00:25:44,190 --> 00:25:47,150 perfectly planned predicted on the one assumption that it would 454 00:25:47,430 --> 00:25:49,830 fall to good community stewards. Also, Toshi was gone. 455 00:25:49,870 --> 00:25:52,110 It didn't. It felt the zealots who went 456 00:25:52,110 --> 00:25:54,070 lacking in any ability to innovate. 457 00:25:54,630 --> 00:25:57,870 So tribalism for profit. He basically goes into the idea 458 00:25:57,870 --> 00:26:02,190 that Bitcoin is heading towards the disaster here because people 459 00:26:02,190 --> 00:26:06,150 are not accepting that they basically need to change like 460 00:26:06,150 --> 00:26:08,590 things need to be updated. It needs to become more 461 00:26:08,590 --> 00:26:12,110 Ethereum, like in how the rewards are going to be like 462 00:26:12,110 --> 00:26:14,190 Ethereum mostly has a burn mechanism alongside the 463 00:26:15,070 --> 00:26:18,550 alongside the the fees paid for in gas. 464 00:26:20,430 --> 00:26:22,590 Yeah, I don't. You have a strong view here, but 465 00:26:22,590 --> 00:26:24,550 like what do you, what do you think is going to happen for to 466 00:26:24,550 --> 00:26:27,510 Bitcoin? Yeah, I I think I thought the 467 00:26:27,510 --> 00:26:30,510 ages that this is going to be a problem and with markets you can 468 00:26:30,510 --> 00:26:34,030 never say you know this thing's going to happen in the future 469 00:26:34,030 --> 00:26:36,790 because people iterate back from that constantly and the the 470 00:26:36,790 --> 00:26:38,670 future is just is rated back to the present. 471 00:26:38,670 --> 00:26:41,510 So if you know something certain is going to happen in the future 472 00:26:41,750 --> 00:26:44,510 that is implied eventually in the price today. 473 00:26:44,830 --> 00:26:51,430 So it becomes a a now problem very quickly the the fact that 474 00:26:51,430 --> 00:26:54,690 there's not going to be any. Bitcoin to secure the network is 475 00:26:54,730 --> 00:26:59,930 a huge and obvious problem. I don't personally buy into the 476 00:26:59,970 --> 00:27:05,570 argument that like ticket fees or like fees paid to minors to 477 00:27:05,570 --> 00:27:09,970 put transactions through will be enough to offset that. 478 00:27:10,010 --> 00:27:11,250 And that's the whole argument here. 479 00:27:11,490 --> 00:27:14,370 So I think Bitcoin needs to change. 480 00:27:14,410 --> 00:27:18,210 I'm probably not the person to say exactly how, but it's clear 481 00:27:18,210 --> 00:27:20,370 that, like, you can't just say, oh, it's a problem, but I'll 482 00:27:20,370 --> 00:27:22,010 kind of be in the future and it's OK. 483 00:27:23,050 --> 00:27:27,930 The only way that that that it's not a problem is that the if the 484 00:27:27,930 --> 00:27:32,330 Bitcoin price like goes up by the same amount that the 485 00:27:32,330 --> 00:27:36,330 issuance decreases, essentially that it's infinitely up and to 486 00:27:36,330 --> 00:27:39,770 the right as the issuance comes down and to the down and to the 487 00:27:39,770 --> 00:27:45,090 right, yeah. Exactly, but I think that the 488 00:27:45,090 --> 00:27:47,610 previous argument was that you know. 489 00:27:48,260 --> 00:27:50,580 As they become scarce, as bitcoins become scarcer and 490 00:27:50,580 --> 00:27:53,700 scarcer like on those final blocks, when the reward is like 491 00:27:53,700 --> 00:27:57,140 less than one Bitcoin or like no point, no, no, no, no, no one 492 00:27:57,140 --> 00:27:59,780 Bitcoin. As you reach the asymptote of 493 00:27:59,780 --> 00:28:02,820 the curve, then people like, wow, well the price will be so 494 00:28:02,820 --> 00:28:06,220 high then. I personally have never bought 495 00:28:06,220 --> 00:28:07,620 that. I don't think it's a good 496 00:28:07,620 --> 00:28:10,060 argument. I think this intellectual 497 00:28:10,060 --> 00:28:13,180 weakness underpins Bitcoin, which is a shame. 498 00:28:13,500 --> 00:28:16,260 For once in my life, I agree with Adam Cochran that like. 499 00:28:17,150 --> 00:28:20,110 It needed to kind of. Maybe there was another, 500 00:28:20,310 --> 00:28:22,830 another. I never normally agree with them 501 00:28:22,830 --> 00:28:24,790 as well. But it's interesting to say that 502 00:28:25,030 --> 00:28:27,550 the, the solution which I think is the cleanest is this tail 503 00:28:27,550 --> 00:28:32,390 emission that instead of basically there being, instead 504 00:28:32,390 --> 00:28:35,510 of that being a finite Bitcoin, you basically say we're going to 505 00:28:35,510 --> 00:28:40,510 have inflation of 1%, just some form of tail emission, you know, 506 00:28:40,510 --> 00:28:46,690 like it goes to like 1% forever. And then, but the Dylan has come 507 00:28:46,690 --> 00:28:48,450 out in this, this if you actually listen to the video 508 00:28:48,450 --> 00:28:51,170 because it's worth listening to, it's about 3 minutes long. 509 00:28:52,090 --> 00:28:56,490 He's like, if you do that and you know I will just sell all of 510 00:28:56,490 --> 00:29:00,090 the fork, like if you fought Bitcoin to do that, I'll just, 511 00:29:00,090 --> 00:29:03,650 I'm getting. Out like 0, the majority of 512 00:29:03,770 --> 00:29:05,730 people who hold Bitcoin will agree with him. 513 00:29:06,050 --> 00:29:10,210 I would argue the whole premise of the entire thing is that 514 00:29:10,210 --> 00:29:12,410 there is a fixed supply. That is the whole. 515 00:29:13,180 --> 00:29:18,060 Raise on debt of. Raise on debt Okay. 516 00:29:18,060 --> 00:29:21,580 I don't understand. Why can't Bitcoin just be like, 517 00:29:21,940 --> 00:29:24,420 I don't know, gold and just like chill? 518 00:29:24,620 --> 00:29:27,060 Why does it have? Why does it have to have so many 519 00:29:27,060 --> 00:29:30,900 utilities? Because for it to actually work 520 00:29:30,900 --> 00:29:33,860 for it for like blockchains work by a consensus, right? 521 00:29:34,460 --> 00:29:42,270 So for that security to be to keep the same level of consensus 522 00:29:42,270 --> 00:29:45,830 around what the transactions are, you need to have some form 523 00:29:45,830 --> 00:29:48,710 of reward for people to actually want to be able to prove that 524 00:29:49,310 --> 00:29:52,230 consensus. Without those rewards, you could 525 00:29:52,230 --> 00:29:55,550 never be able to do a transaction like no. 526 00:29:55,870 --> 00:30:00,350 So you're saying if there's no rewards, if there's no rewards, 527 00:30:00,350 --> 00:30:03,430 minors are just gonna be like, I don't wanna contribute to this 528 00:30:03,430 --> 00:30:06,090 blockchain, so? Then the blockchain will just 529 00:30:06,890 --> 00:30:08,250 not exist. It's not. 530 00:30:08,250 --> 00:30:10,330 It doesn't just become some like physical gold after that, it's 531 00:30:10,330 --> 00:30:14,450 just like the purpose for that blockchain that basically goes 532 00:30:14,450 --> 00:30:16,890 to 0 because there's no one securing the chain. 533 00:30:17,050 --> 00:30:19,490 You have something called a 51% which is the most. 534 00:30:19,570 --> 00:30:21,930 This is the most likely way that this would all disintegrate. 535 00:30:22,330 --> 00:30:26,170 But someone manages to convince 51% of the people who own 536 00:30:26,170 --> 00:30:32,830 Bitcoin to change the like the consensus of blockchain and that 537 00:30:32,830 --> 00:30:37,310 would be the main way it would go down, but it just there would 538 00:30:37,310 --> 00:30:40,310 be like the transactions just don't happen essentially. 539 00:30:41,310 --> 00:30:44,190 Block reward and fee structure I think is how you change this. 540 00:30:44,190 --> 00:30:48,310 Not issuing more bitcoins. I think that is total. 541 00:30:48,470 --> 00:30:50,710 That's a game over total, game over. 542 00:30:51,470 --> 00:30:55,430 You think it doesn't work 100%. The other interesting thing on 543 00:30:55,430 --> 00:30:58,110 this is that it's not a one sided equation in terms of. 544 00:30:58,640 --> 00:31:01,400 The number of like the block rewards, it's also got the 545 00:31:01,400 --> 00:31:05,360 inputs which are electricity and increased computing power, like 546 00:31:05,360 --> 00:31:10,760 the cost of like iterations of GPUs basically. 547 00:31:11,000 --> 00:31:14,200 So that's not static. The cost of computing power and 548 00:31:14,200 --> 00:31:17,320 electricity are kind of going up at the same time as the bottle 549 00:31:17,320 --> 00:31:19,560 of water coming down. So it's going to make this a 550 00:31:19,800 --> 00:31:23,320 much quicker problem that they're going to have to solve. 551 00:31:25,180 --> 00:31:26,540 Yeah, it's definitely a complex one. 552 00:31:27,540 --> 00:31:29,580 I think we'll move on just because it's a very, very big 553 00:31:29,820 --> 00:31:32,980 topic and I don't know if we have to kind of fix it for 554 00:31:32,980 --> 00:31:35,620 today. But the next one I put on here 555 00:31:35,620 --> 00:31:38,460 was just is COVID coming back? I don't know if you saw, but 556 00:31:38,460 --> 00:31:40,620 like, Joe Biden's wearing masks again. 557 00:31:40,700 --> 00:31:43,980 There's a bunch of different things happening in the US at 558 00:31:43,980 --> 00:31:46,980 the moment where I think Jill Biden, his wife got got COVID. 559 00:31:47,060 --> 00:31:49,140 So there's like a reason for him getting COVID. 560 00:31:49,140 --> 00:31:50,820 But I know Cal again, you're pretty. 561 00:31:50,820 --> 00:31:51,860 You have a pretty strong view on this. 562 00:31:51,860 --> 00:31:58,820 Do you do you think? I mean, you know that OSF and I 563 00:31:58,820 --> 00:32:02,460 had a bet on this like a month ago or a few weeks ago. 564 00:32:03,340 --> 00:32:07,620 Yeah, I think, look, it's for various reasons. 565 00:32:07,620 --> 00:32:10,740 It's. It's coming back the. 566 00:32:12,540 --> 00:32:16,020 COVID. I don't know what variant it is, 567 00:32:16,020 --> 00:32:21,140 but I just think. What do I think? 568 00:32:23,560 --> 00:32:26,360 They're bringing it back for a variety of reasons, I think. 569 00:32:30,560 --> 00:32:31,800 What's the best way to phrase this? 570 00:32:32,160 --> 00:32:33,440 But come back to me, I'll have a think. 571 00:32:33,440 --> 00:32:35,400 All right. Yeah. 572 00:32:35,400 --> 00:32:37,920 Look, I think it's. You'll see. 573 00:32:37,920 --> 00:32:41,640 On the There's a lot of cultural people now on the timeline who 574 00:32:41,640 --> 00:32:45,920 just throw dirt at each other identifying so increasingly and 575 00:32:45,920 --> 00:32:49,800 seeing stuff about COVID. And it's like, no, the twisted 576 00:32:49,800 --> 00:32:53,970 timeline can be pretty, pretty divisive the whole time. 577 00:32:53,970 --> 00:32:57,770 But it does feel as though now what I thought was kind of a bit 578 00:32:57,770 --> 00:33:00,050 of a joke a few weeks ago, that they were gonna bring back a lot 579 00:33:00,050 --> 00:33:03,530 of different regulations and mandates. 580 00:33:03,930 --> 00:33:06,290 Now it looks like it could start to happen again. 581 00:33:06,290 --> 00:33:08,650 So be wary. It does feel like COVID could be 582 00:33:08,650 --> 00:33:09,850 coming back. We're obviously heading into 583 00:33:09,850 --> 00:33:12,210 winter, so they'll be. Is this good for Nfcs? 584 00:33:12,690 --> 00:33:15,050 Is that good for NFS? People buy our bags again. 585 00:33:15,810 --> 00:33:18,570 People were mentioning crypto though, because obviously people 586 00:33:18,570 --> 00:33:19,930 were mentioning that you know this. 587 00:33:20,370 --> 00:33:22,490 If they do start to do this other stuff, it normally leads 588 00:33:22,490 --> 00:33:24,930 to stimulus again. And if you're trying to shut 589 00:33:24,930 --> 00:33:27,370 down people's businesses, like that's quite a big deal. 590 00:33:27,450 --> 00:33:29,250 I really hope it does not come back. 591 00:33:29,730 --> 00:33:32,810 But there was some, there was some chatter that, you know, 592 00:33:32,810 --> 00:33:38,170 this could lead to this could. Can they stimmy again with 593 00:33:38,730 --> 00:33:41,370 inflation where it is, or like the threat of inflation being 594 00:33:41,370 --> 00:33:44,730 there or not? Before you had no inflation, so 595 00:33:44,730 --> 00:33:47,450 you could just stimmy to the moon, stimmy checks for 596 00:33:47,450 --> 00:33:50,470 everyone. I think they can see me again. 597 00:33:50,710 --> 00:33:53,110 I don't think, I don't think there's anyone stopping them. 598 00:33:53,110 --> 00:33:54,550 If they're going to start shutting down business, they're 599 00:33:54,550 --> 00:33:56,630 going to see me again. But I don't think we're not at 600 00:33:56,630 --> 00:33:58,030 that level. I just thought it's interesting 601 00:33:58,030 --> 00:34:00,030 to see. But like now, I think from now 602 00:34:00,030 --> 00:34:02,150 until January, now until February, we're going to see 603 00:34:02,150 --> 00:34:03,510 more and more of this COVID stuff. 604 00:34:04,430 --> 00:34:06,590 Well, I think, I think it is interesting because this 605 00:34:06,590 --> 00:34:09,909 obviously affects our whole industry, like even if it's 606 00:34:09,909 --> 00:34:12,270 like, you know, something different, it affects the whole 607 00:34:12,270 --> 00:34:15,389 world. But I think people might. 608 00:34:17,270 --> 00:34:18,670 I don't know. At the end of the day, 609 00:34:18,670 --> 00:34:23,750 blockchain and and crypto and NFTS do have a way of empowering 610 00:34:23,750 --> 00:34:27,710 people. So you know, I don't know, yeah, 611 00:34:27,710 --> 00:34:29,590 it was a busy, it was nothing, a busy period. 612 00:34:29,590 --> 00:34:33,550 I think 2020 for the crypto space, that it's not really a 613 00:34:33,550 --> 00:34:37,630 silver lining to 2020 but it does feel as though yeah, 614 00:34:37,630 --> 00:34:41,350 stimulus everyone you know be more indoors is is normally a 615 00:34:41,389 --> 00:34:42,909 quite a big thing for digital culture. 616 00:34:43,790 --> 00:34:45,510 And you're in your TM. Okay. 617 00:34:47,540 --> 00:34:52,340 That's never in your Yeah. Fast track again. 618 00:34:53,980 --> 00:34:55,380 Yeah, go on. Just gotta be careful. 619 00:34:55,380 --> 00:34:57,340 This is not something I'm used to and they just stay up on 620 00:34:57,340 --> 00:34:59,380 screen the whole time. So I don't really know. 621 00:34:59,780 --> 00:35:02,300 I'll go to the I'll. Go to the farm source Adms. 622 00:35:03,080 --> 00:35:04,640 It's like it's like a force of habit. 623 00:35:04,640 --> 00:35:07,920 But you know, I'm, I'm getting a little interested these days, 624 00:35:08,080 --> 00:35:10,840 you know, I would say. But yeah, no, it's really 625 00:35:10,840 --> 00:35:14,560 interesting stuff. Honestly, if it wasn't for the, 626 00:35:14,600 --> 00:35:17,600 the pandemic, I wouldn't have discovered, you know, Web three. 627 00:35:17,600 --> 00:35:21,080 So sometimes what seems to be like a curse is a blessing in 628 00:35:21,080 --> 00:35:24,640 disguise. So yeah, the final thing I was 629 00:35:24,640 --> 00:35:26,200 gonna mention is this Justin Bieber thing. 630 00:35:26,200 --> 00:35:30,990 I've actually shared this to Nelsons, but the Justin Bieber's 631 00:35:30,990 --> 00:35:34,110 hit song 2015 company has been turned to an NFT by another 632 00:35:34,110 --> 00:35:38,390 block from which fans could earn royalties for future streams of 633 00:35:38,390 --> 00:35:42,230 the track. I think this story maybe came 634 00:35:42,230 --> 00:35:45,830 out maybe over the weekend, but I only picked up on it. 635 00:35:47,350 --> 00:35:52,580 As you know, on September 7th, it looks like this could be, I 636 00:35:52,580 --> 00:35:55,500 mean, you've seen a lot of these back catalogs be sold to 637 00:35:55,500 --> 00:35:58,780 different companies, right? Like I think Justin's made like 638 00:35:58,780 --> 00:36:01,260 a few $100 million selling his back catalog recently. 639 00:36:01,740 --> 00:36:05,620 But the idea that royalty payments could could eventually 640 00:36:05,620 --> 00:36:09,060 be given back to users, I think it's quite a cool thing. 641 00:36:09,220 --> 00:36:12,100 It does make sense for things like entities this like bespoke 642 00:36:12,300 --> 00:36:16,060 packaging up of some brand and asset and then allowing the 643 00:36:16,100 --> 00:36:20,900 revenue to be given to holders. I think it's quite a cool, quite 644 00:36:20,900 --> 00:36:24,930 a cool thing and it's the first I've actually seen it. 645 00:36:24,930 --> 00:36:29,930 Some of this we've seen music NFT's through other platforms 646 00:36:29,930 --> 00:36:34,330 where you like buy the actual song as an NFT, but I don't know 647 00:36:34,330 --> 00:36:37,770 if they really have royalty payments attached to them here. 648 00:36:37,770 --> 00:36:40,570 It looks like while Accident will remain the rights holder, 649 00:36:40,570 --> 00:36:43,610 fans owning an NFT, the track will then be able to participate 650 00:36:43,610 --> 00:36:46,930 in a 1% royalty share in the streams of the song. 651 00:36:47,360 --> 00:36:49,360 The accident spoke to the significance of fans, the music 652 00:36:49,360 --> 00:36:51,520 industry, and how blockchain and music rights open up and target 653 00:36:51,520 --> 00:36:53,960 new worlds of interactions. I mean this is like the 654 00:36:53,960 --> 00:36:59,240 completely opposite of what just happened with with that crazily 655 00:36:59,240 --> 00:37:04,600 thing like this, just at a like this is an interesting way of 656 00:37:04,760 --> 00:37:08,120 giving these assets to people if you guys saw this or what you 657 00:37:08,120 --> 00:37:10,100 guys thought of it. Fever. 658 00:37:10,140 --> 00:37:11,340 Fever. Yeah. 659 00:37:11,340 --> 00:37:14,980 I mean it is because this sounds like they actually are using the 660 00:37:14,980 --> 00:37:18,500 technology the way that you know one way that it's supposed to be 661 00:37:18,500 --> 00:37:21,860 used unlike the like I just I don't get it. 662 00:37:21,980 --> 00:37:24,340 I I don't get what the whole crater leave but anyways not to 663 00:37:24,340 --> 00:37:26,100 go back to it. I'm super excited about this. 664 00:37:26,100 --> 00:37:31,740 I hope that this is the the you know path that we continue to. 665 00:37:32,010 --> 00:37:35,930 To be on where you know you can benefit as like that's just so 666 00:37:35,930 --> 00:37:37,970 cool. Like I would love if like, you 667 00:37:37,970 --> 00:37:41,770 know, I could in a way own a piece of like a Drake song and 668 00:37:41,770 --> 00:37:44,290 just like, you know, I don't know, I don't know. 669 00:37:44,290 --> 00:37:47,090 It's just that that concept to me is very cool. 670 00:37:47,290 --> 00:37:50,970 And I mean we're seeing like the whole royalty conversation in 671 00:37:50,970 --> 00:37:56,050 regards to the film industry. I mean, I just saw Jesse Pinkman 672 00:37:56,050 --> 00:37:58,730 from Breaking Bad. He was talking about how you 673 00:37:58,730 --> 00:38:03,520 know he doesn't get any. Royalties from Breaking Bad 674 00:38:03,520 --> 00:38:06,600 being streamed on Netflix and he and there's like obviously a 675 00:38:06,600 --> 00:38:12,920 whole like a whole like the protest going on about that 676 00:38:12,920 --> 00:38:16,480 stuff right now. And I feel like there is that 677 00:38:16,480 --> 00:38:20,480 problem and there is a solution. So I don't know what like, I'm 678 00:38:20,480 --> 00:38:21,960 just trying to figure out the gap. 679 00:38:22,850 --> 00:38:26,170 Between the problem of like all these creators not getting 680 00:38:26,170 --> 00:38:29,210 royalties and then you have the solution where it lives in Web 681 00:38:29,210 --> 00:38:31,850 Three and the gap between the two. 682 00:38:34,450 --> 00:38:38,010 Yeah, look, that is the whole strike going on in the US right 683 00:38:38,010 --> 00:38:39,010 now, which is what you just said. 684 00:38:39,010 --> 00:38:42,050 A lot of that is linked back to the I replication of stuff. 685 00:38:42,770 --> 00:38:46,370 There is some talk about how those rights could be 686 00:38:46,450 --> 00:38:49,050 distributed in the future. I think part of that's like bad 687 00:38:49,050 --> 00:38:51,850 contracts that people have signed that they've now realized 688 00:38:51,850 --> 00:38:54,890 they deserve infinite liability to whatever hell the. 689 00:38:55,970 --> 00:38:58,730 No, but it's it's more that, it's more that it wasn't like 690 00:38:58,730 --> 00:39:02,570 part of the ethos And in our, you know Web Three it actually 691 00:39:02,570 --> 00:39:03,770 was. I know right now we are 692 00:39:03,770 --> 00:39:06,010 struggling with the whole creator royalty situation. 693 00:39:06,010 --> 00:39:09,970 I again, I I don't think that that's gonna last like I think 694 00:39:09,970 --> 00:39:13,290 it's gonna, we're gonna go back to the Web 3 ethos, which is, 695 00:39:13,290 --> 00:39:17,210 you know, rewarding creators and and holders and stuff like that, 696 00:39:17,210 --> 00:39:20,370 or collectors. But it's it's more than just 697 00:39:20,370 --> 00:39:22,530 like bad contracts with the whole Netflix thing. 698 00:39:22,530 --> 00:39:26,370 It's more just the ethos of the film industry of the music 699 00:39:26,370 --> 00:39:29,690 industry and artists and creators really suffering. 700 00:39:29,690 --> 00:39:32,410 So that's at the beginning. What was so interesting about 701 00:39:32,410 --> 00:39:35,850 web Three to so many artists and creators is the whole world T 702 00:39:35,850 --> 00:39:39,690 situation and and the actual ownership of of things that 703 00:39:39,690 --> 00:39:41,290 you're creating or being a part of. 704 00:39:41,290 --> 00:39:44,810 So I think that like I said, there's there's this gap and 705 00:39:44,810 --> 00:39:47,730 obviously it's. A lot needs to happen to get 706 00:39:47,730 --> 00:39:50,450 there, but we're on. I feel like the the right track, 707 00:39:50,450 --> 00:39:52,010 but it's not gonna be an easy track. 708 00:39:52,010 --> 00:39:56,090 I mean, these big companies are not gonna let these things go so 709 00:39:56,130 --> 00:40:00,730 easily, but I definitely think that the way to go is what we're 710 00:40:00,730 --> 00:40:04,570 doing in Web 3, which is the royalty situation, yeah. 711 00:40:05,490 --> 00:40:09,250 There was a company which I think Blau was like set up which 712 00:40:09,250 --> 00:40:12,320 is Royal which did, which did royalties. 713 00:40:12,320 --> 00:40:15,520 I don't, I haven't really heard from that them too much over the 714 00:40:15,520 --> 00:40:18,280 last six months. But this is the first like big, 715 00:40:18,280 --> 00:40:22,760 big artist that is that is now moving in this direction. 716 00:40:23,200 --> 00:40:25,800 And to be honest the people who've bought all these back 717 00:40:25,800 --> 00:40:29,000 catalogs, they are just like profit maxi hedge funds or 718 00:40:29,000 --> 00:40:32,040 private equity firms. So if this takes off, I do think 719 00:40:32,040 --> 00:40:35,110 that they will be drawn to the money from it and they will 720 00:40:35,230 --> 00:40:37,070 automatically start moving some of this stuff up. 721 00:40:37,070 --> 00:40:40,630 And there is benefit to both sides like there is clearly 722 00:40:40,630 --> 00:40:43,510 money in these things. People have been buying them for 723 00:40:43,510 --> 00:40:46,550 that reason because for once you go to the streaming platforms 724 00:40:46,550 --> 00:40:49,590 particularly back the back catalogs of big artists, then it 725 00:40:49,590 --> 00:40:53,390 just becomes like a money printer for for like forever 726 00:40:53,390 --> 00:40:57,750 essentially like I think I don't know they it's been crazy how 727 00:40:57,750 --> 00:40:59,670 much has been spent on some of these recently, right. 728 00:40:59,710 --> 00:41:01,950 I think Taylor Swift sold sold the ton. 729 00:41:02,350 --> 00:41:05,480 Bieber sold the ton. All like your all the rock stars 730 00:41:05,480 --> 00:41:08,280 from their 80s and 90s have all sold them. 731 00:41:09,280 --> 00:41:12,680 But yeah, someone needs to build this platform if Royal is not 732 00:41:12,680 --> 00:41:15,840 going to be the person that does it and someone needs to do it 733 00:41:15,840 --> 00:41:20,240 because there's I think there is something here anyway we will 734 00:41:20,240 --> 00:41:22,360 bring up. I think I've invited cracking up 735 00:41:22,360 --> 00:41:25,320 on stage today. Are they there in the audience 736 00:41:25,320 --> 00:41:31,650 that did invite them cracking. I've invited them again if you 737 00:41:31,650 --> 00:41:33,010 want to request crack and we'll have you up. 738 00:41:33,010 --> 00:41:35,130 We're going to go into what they've been doing. 739 00:41:35,250 --> 00:41:36,970 They're always going to be a sponsor for us for the next 740 00:41:36,970 --> 00:41:38,650 month. I think they've got some cool 741 00:41:38,650 --> 00:41:44,370 activations even with Thread Guy and the coming up they have not 742 00:41:44,570 --> 00:41:48,890 requested yet. Can you guys see that on the 743 00:41:48,890 --> 00:41:50,250 Twitter space? I think are they there? 744 00:41:51,170 --> 00:41:53,930 You guys are there. You guys are in the back Okay, 745 00:41:53,930 --> 00:41:55,490 so I thought you were coming up on spaces. 746 00:41:56,870 --> 00:41:58,750 You guys are both muted. But yeah, we have Andy and 747 00:41:58,750 --> 00:42:00,790 Washington here from from crack and ft. 748 00:42:00,830 --> 00:42:02,990 Thanks a lot you guys for for coming up and sponsoring the 749 00:42:02,990 --> 00:42:04,750 show. How you guys been? 750 00:42:04,950 --> 00:42:05,750 Whereabouts. How are you guys? 751 00:42:08,430 --> 00:42:10,270 What's up guys? Nice to see everybody. 752 00:42:10,390 --> 00:42:12,870 This is very cool. So I'm based out of Washington 753 00:42:12,870 --> 00:42:15,830 DC What show you want to talk about you? 754 00:42:16,350 --> 00:42:19,190 Well, my name is Washington, but I'm actually from Australia, so 755 00:42:19,190 --> 00:42:23,750 I'm, I'm based in Brisbane and it's not GM, It's actually 756 00:42:23,750 --> 00:42:25,670 technically it is GM. It's 1:00 AM in the morning. 757 00:42:26,610 --> 00:42:30,890 It's always GM. You guys haven't been doing the 758 00:42:30,890 --> 00:42:34,570 big conferences and going to Singapore or you're going to 759 00:42:35,330 --> 00:42:38,050 Seoul or Hong Kong. You got any of those coming up? 760 00:42:38,050 --> 00:42:39,570 You guys are just sticking around. 761 00:42:41,610 --> 00:42:44,490 We'll both be a permission list next week, so our bags are 762 00:42:44,490 --> 00:42:47,370 packed for that. Nice, I was about to say. 763 00:42:47,370 --> 00:42:49,570 I'm surprised that the whole team wasn't already in Singapore 764 00:42:49,570 --> 00:42:52,910 at this stage. So yeah, it's obviously a 765 00:42:52,910 --> 00:42:55,550 pleasure to have you guys as the sponsor for the for the month. 766 00:42:55,870 --> 00:43:00,030 I know for Rogan and OSF are big fans as well and we love what 767 00:43:00,030 --> 00:43:02,390 you guys have been doing. But yeah, it's good to hear that 768 00:43:02,390 --> 00:43:04,110 you guys are making a big question to NFT's. 769 00:43:04,110 --> 00:43:06,350 We've obviously seen some of the stuff you've been doing 770 00:43:06,350 --> 00:43:07,870 alongside some of the communities already. 771 00:43:08,230 --> 00:43:10,790 The big one that we already know about is with D guards and the 772 00:43:10,790 --> 00:43:12,550 points parlor. But I know you're building a 773 00:43:12,550 --> 00:43:14,630 whole marketplace. So yeah, maybe it's good to get 774 00:43:14,670 --> 00:43:18,700 a little refresh of of what crack and R obviously people are 775 00:43:18,700 --> 00:43:21,020 probably aware that you're in exchange, but how you're gonna 776 00:43:21,220 --> 00:43:23,860 expand the business and what you're planning to do in NFTS? 777 00:43:28,140 --> 00:43:29,860 Sure. Washington Do you wanna kick off 778 00:43:29,860 --> 00:43:31,940 for the discussion of the platform? 779 00:43:33,380 --> 00:43:39,100 Yeah. So let me think, I think back a 780 00:43:39,180 --> 00:43:42,300 couple of years ago we saw NFTS taking off and it was. 781 00:43:42,990 --> 00:43:46,630 Pretty clear to us that you know NFTS are going to be at the very 782 00:43:46,630 --> 00:43:51,070 least a pretty big component of the crypto ecosystem and at the 783 00:43:51,070 --> 00:43:54,230 best and the ideal situation, the one that we believe that 784 00:43:54,230 --> 00:43:58,150 it's going to be like a cool component of everyday digital 785 00:43:58,150 --> 00:44:00,590 life. So you know, it was a no brainer 786 00:44:00,590 --> 00:44:05,510 for us to to to build out an NFT marketplace even though the 787 00:44:05,510 --> 00:44:08,830 first renovation was, you know, this capability gap. 788 00:44:09,320 --> 00:44:12,720 Of building the marketplace. I mean, our product strategy 789 00:44:12,720 --> 00:44:18,160 very quickly became wanting to create like a really secure and 790 00:44:18,160 --> 00:44:21,200 normally friendly gateway into the NFT space. 791 00:44:21,640 --> 00:44:24,240 You know somewhere where you didn't need to know how to 792 00:44:24,240 --> 00:44:28,520 install Meta Mask first, or understand concepts like Gas and 793 00:44:28,520 --> 00:44:32,440 signing transactions, and worrying about block times or 794 00:44:32,440 --> 00:44:35,040 whether the NFT you're going to buy would be like a rug? 795 00:44:35,940 --> 00:44:39,820 We didn't see that platform when we got started working and even 796 00:44:39,820 --> 00:44:42,980 today we don't really, you know sort of see that we see a lot of 797 00:44:43,060 --> 00:44:45,340 our we we don't see our competitors, you know, doing 798 00:44:45,340 --> 00:44:48,660 what we're doing, which is focusing on becoming a bridge 799 00:44:48,660 --> 00:44:52,180 for the next 100,000 first time users of NFTS. 800 00:44:52,580 --> 00:44:55,100 Yeah, that's ultimately what, you know, we care about and 801 00:44:55,100 --> 00:44:58,140 that's why we're building the platform that we're building and 802 00:44:58,140 --> 00:45:00,140 my own pretty long experience in crypto. 803 00:45:00,660 --> 00:45:03,420 This told me that the very best platforms are built in the 804 00:45:03,420 --> 00:45:05,540 middle of bear market. So here we are. 805 00:45:07,660 --> 00:45:09,100 Yeah. Look, I kind of agree with you 806 00:45:09,100 --> 00:45:10,060 guys. I'm glad that you guys are 807 00:45:10,060 --> 00:45:12,580 making a push during the bear market. 808 00:45:12,580 --> 00:45:14,140 It's obviously a time to win market share. 809 00:45:14,140 --> 00:45:18,620 We've seen some other big marketplaces, big exchanges, try 810 00:45:18,620 --> 00:45:21,420 to make a push, But it's good to see how you've done it already, 811 00:45:21,420 --> 00:45:23,860 like some of the partnerships you guys have been doing. 812 00:45:23,860 --> 00:45:28,540 And yeah, it's interesting to see how you guys are gonna 813 00:45:28,540 --> 00:45:31,020 develop it to get into a little bit differently. 814 00:45:31,060 --> 00:45:33,620 Like how are you guys looking at how other people have done it 815 00:45:33,620 --> 00:45:34,860 and how you guys are gonna do it differently. 816 00:45:34,860 --> 00:45:37,260 What are the main things you're gonna be trying to achieve over 817 00:45:37,260 --> 00:45:41,460 the next six months? Yeah, I think, I mean, I touched 818 00:45:41,460 --> 00:45:45,020 on it a little bit earlier, but I think the one big area that 819 00:45:45,020 --> 00:45:47,820 we're different is our focus, because our focus is, like I 820 00:45:47,820 --> 00:45:51,620 said, becoming the default gateway for people to enter into 821 00:45:51,620 --> 00:45:54,140 the NFT space. I think there's plenty of 822 00:45:54,140 --> 00:45:56,900 competition. Between other marketplaces right 823 00:45:56,900 --> 00:46:01,220 now fighting over trading volume of Apes punks and Azukis on a 824 00:46:01,220 --> 00:46:03,820 day-to-day basis and you know that's nice and we obviously 825 00:46:03,820 --> 00:46:06,340 want that. But I think for cracking, our 826 00:46:06,340 --> 00:46:11,620 priority is to grow the pie, not just fight over the scraps at 827 00:46:11,820 --> 00:46:15,060 this point in history, but I mean to get into some specifics 828 00:46:15,060 --> 00:46:17,380 about where our marketplace is different. 829 00:46:17,920 --> 00:46:21,400 Like unlike a lot of other NFT marketplaces, we're a custodial 830 00:46:21,400 --> 00:46:24,880 marketplace, which means that you deposit your NFTS into your 831 00:46:24,880 --> 00:46:28,960 cracking account like you would Bitcoin, Ethereum or any other 832 00:46:28,960 --> 00:46:31,480 token. And you know your NFTS are held 833 00:46:31,480 --> 00:46:34,400 by us in our, you know best in class security, get together. 834 00:46:34,960 --> 00:46:38,520 But that allows us to create a marketplace that's off chain, 835 00:46:38,520 --> 00:46:41,040 which means that you can trade instantly. 836 00:46:41,040 --> 00:46:43,760 You don't have to wait around a few minutes for for things to 837 00:46:43,760 --> 00:46:46,570 confirm. It doesn't cost any gas to trade 838 00:46:46,930 --> 00:46:50,650 and you can trade in like over 200 crypto and Fiat currencies 839 00:46:50,650 --> 00:46:53,530 really easily. And you've got access to to 840 00:46:53,530 --> 00:46:57,290 Kraken's awardwinning 24/7 support, which is pretty, pretty 841 00:46:57,290 --> 00:46:59,530 killer. But on top of that we've also 842 00:46:59,530 --> 00:47:02,970 got some nice quality of life features like we aggregate 843 00:47:02,970 --> 00:47:04,970 listings from other NFT marketplaces. 844 00:47:04,970 --> 00:47:07,770 So right now you've got access to thousands of NFT's that are 845 00:47:07,770 --> 00:47:10,170 for sale from your Kraken account. 846 00:47:10,330 --> 00:47:13,250 You just use your funds today and and go and buy something. 847 00:47:14,110 --> 00:47:16,590 We also simplify cross chain payments. 848 00:47:16,590 --> 00:47:19,270 So let's take for example youths which are on the Polygon 849 00:47:19,270 --> 00:47:21,190 network. You know you don't have to go 850 00:47:21,190 --> 00:47:25,030 and do all that nonsense of wrapping Ethereum and then going 851 00:47:25,030 --> 00:47:28,670 to buy you know, your youth that way you can just buy it on on 852 00:47:28,670 --> 00:47:30,670 crack and we take care of that in the background for you. 853 00:47:31,590 --> 00:47:35,870 And I think at the moment we've got just over 400 collections 854 00:47:35,870 --> 00:47:38,430 from Ethereum, Polygon and and Solana. 855 00:47:39,130 --> 00:47:42,490 And you know, just to reinforce that point about security, we do 856 00:47:42,490 --> 00:47:45,210 like a background check on every collection that we add to the 857 00:47:45,210 --> 00:47:49,850 marketplaces And we personally, sorry, individually I don't 858 00:47:50,650 --> 00:47:52,450 review it, but we have devs to do it. 859 00:47:52,450 --> 00:47:55,330 We we individually review the smart contract and audit the 860 00:47:55,330 --> 00:47:57,690 smart contract of every collection that we add. 861 00:47:58,250 --> 00:48:00,770 And the reason we go through that is we want to give, you 862 00:48:00,770 --> 00:48:03,410 know, our clients the confidence that you know when you buy an 863 00:48:03,410 --> 00:48:06,610 NFT at any price point you're buying something from a 864 00:48:06,610 --> 00:48:08,660 legitimate. Project or community. 865 00:48:08,660 --> 00:48:12,380 So now I think we've got a lot going for us and we have a lot 866 00:48:12,380 --> 00:48:15,820 of really cool stump, a lot of really cool things coming down 867 00:48:15,820 --> 00:48:19,260 the line as well. I think we're gonna be adding 868 00:48:19,260 --> 00:48:22,220 collection offers, sweeping carts, analytics, a lot of the 869 00:48:22,220 --> 00:48:25,220 things that you'd find on other marketplaces. 870 00:48:25,220 --> 00:48:28,460 But we're also gonna be building some really cool auto conversion 871 00:48:28,460 --> 00:48:30,380 stuff. So if you've got Ethereum and 872 00:48:30,420 --> 00:48:33,390 the Nfd's being sold for Doge. You know, you don't have to go 873 00:48:33,390 --> 00:48:36,070 and leave and convert it. You will just do the conversion 874 00:48:36,070 --> 00:48:39,030 process in one click. So making the the whole purchase 875 00:48:39,030 --> 00:48:42,510 flow a lot easier. And we got some really amazing 876 00:48:42,510 --> 00:48:45,630 stuff happening with Williams that's gonna be coming out soon. 877 00:48:45,670 --> 00:48:48,150 I'm so hot for them that I'm like wearing this swag every 878 00:48:48,150 --> 00:48:51,110 single day, so. Yeah, yeah. 879 00:48:53,110 --> 00:48:53,510 There you go. I. 880 00:48:54,390 --> 00:48:57,590 Was just gonna add on to that, I think kind of in summation of 881 00:48:57,590 --> 00:49:00,490 all that, I mean ultimately. I think what we're trying to do 882 00:49:00,490 --> 00:49:03,650 is be the platform of choice for consumers when they're thinking 883 00:49:03,650 --> 00:49:05,530 about kind of dipping their toe into the space. 884 00:49:05,850 --> 00:49:08,730 Because at the end of the day, you know, the way we look at it, 885 00:49:08,730 --> 00:49:12,530 it's not about centralization or decentralization, Maxis, like 886 00:49:12,810 --> 00:49:16,170 we're adoption Maxis. And so we're going after it 887 00:49:16,170 --> 00:49:19,410 through what we think is a safer, simpler, easier 888 00:49:19,410 --> 00:49:21,810 experience. And like, that's honestly what 889 00:49:21,810 --> 00:49:24,290 attracted us to to rug radio, right? 890 00:49:24,290 --> 00:49:26,010 Like. I've been familiar with rug 891 00:49:26,010 --> 00:49:29,210 radio since this inception. I minted the membership pass 892 00:49:29,210 --> 00:49:33,530 back in January 2022. I used that to mint the Genesis 893 00:49:33,530 --> 00:49:37,330 NFTI think I got a scarce too. And I was pumped because it was 894 00:49:37,330 --> 00:49:40,250 like one of those Pepe ones, which is like my favorite. 895 00:49:41,810 --> 00:49:44,490 I just followed the growth and evolution ever since, right? 896 00:49:44,490 --> 00:49:47,690 And so I think while this partnership is actually with 897 00:49:47,890 --> 00:49:51,450 cracking more broadly, I'm sure we'll be engaging in this crypto 898 00:49:51,450 --> 00:49:54,140 content as well. I mean, Washington and I 899 00:49:54,380 --> 00:49:56,380 obviously are focused on the NFT marketplace. 900 00:49:56,860 --> 00:50:00,180 We want to leverage the rug radio platform to get cracking 901 00:50:00,180 --> 00:50:03,420 NFT in front of the community. You guys know this better than 902 00:50:03,420 --> 00:50:05,300 anybody. Attention's hard to get in this 903 00:50:05,300 --> 00:50:08,340 space. I think it's doubly so for NFT 904 00:50:08,340 --> 00:50:12,460 marketplaces, which are about as popular as, as rotten fruit on 905 00:50:12,460 --> 00:50:16,300 the sidewalk right now. So some days I feel like we're 906 00:50:16,300 --> 00:50:17,780 just like shouting into the wind. 907 00:50:17,780 --> 00:50:20,500 So I think it's really great to get a partner with an 908 00:50:20,500 --> 00:50:22,500 established voice in the community. 909 00:50:23,340 --> 00:50:25,380 And help bring attention to what we was trying to do. 910 00:50:25,380 --> 00:50:28,060 So we're, I think I speak for both of us. 911 00:50:28,060 --> 00:50:30,140 We're really excited on this to come together. 912 00:50:30,780 --> 00:50:34,060 We're fans and listeners of rug radio, which makes us even 913 00:50:34,060 --> 00:50:36,780 cooler. Although I got to say, Mando, 914 00:50:36,780 --> 00:50:40,460 I've I've listened to several wrecked radio episodes at this 915 00:50:40,460 --> 00:50:44,340 point and I still haven't won a goddamn NFT wheel spin yet. 916 00:50:44,700 --> 00:50:46,060 So. I'm. 917 00:50:46,700 --> 00:50:48,540 Hoping my luck changes here in the future. 918 00:50:49,540 --> 00:50:51,540 I kind of hope that you don't win now cuz then it's kind of 919 00:50:51,540 --> 00:50:54,980 like I kind of rigged it going forward but you're kind of out, 920 00:50:54,980 --> 00:50:57,180 you're kind of out of winning it now from now on. 921 00:50:57,180 --> 00:51:00,020 But yeah, it's thank you. It's great to hear that you're 922 00:51:00,060 --> 00:51:02,860 radio Maxis. We've been obviously around for 923 00:51:02,860 --> 00:51:04,780 a long time. As you can tell it's fair market 924 00:51:04,780 --> 00:51:08,020 vibes throughout, but that's why it's nice to speak to people 925 00:51:08,020 --> 00:51:10,420 like you like you clearly can try and build it out. 926 00:51:11,500 --> 00:51:14,980 I think there's a lot of in what you're saying, like we just 927 00:51:14,980 --> 00:51:19,390 wanna get adoption. At this stage, it's very, very, 928 00:51:19,390 --> 00:51:23,750 very clear that one of the main hurdles to getting people to buy 929 00:51:23,750 --> 00:51:26,950 NFT's is just the onboarding process. 930 00:51:26,950 --> 00:51:30,430 Like you have to go through 10 different stages to buy NFT's. 931 00:51:30,950 --> 00:51:34,190 We for where it was thought different marketplaces were 932 00:51:34,190 --> 00:51:36,630 going to come in and kind of fix that and never really happened. 933 00:51:36,990 --> 00:51:40,470 So it's great to see a massive, massive player like Crack and 934 00:51:40,470 --> 00:51:43,430 obviously one of the biggest in America, but also around the 935 00:51:43,430 --> 00:51:47,710 world come in and to make that process relatively seamless. 936 00:51:48,140 --> 00:51:51,580 I think it could really help as well as, like you said, you've 937 00:51:51,580 --> 00:51:53,300 got some cool stuff coming. I know you have a big 938 00:51:53,300 --> 00:51:57,100 partnership with Williams F1, which I mean we've seen a bunch 939 00:51:57,100 --> 00:52:00,900 of different F1 related Nfts and it'll be cool to see how that 940 00:52:00,900 --> 00:52:03,180 develops. I think I heard something about 941 00:52:03,180 --> 00:52:05,340 for a guy getting involved, which I think will be, which 942 00:52:05,340 --> 00:52:07,900 will be cool coming up for a guy and Leap I believe are both 943 00:52:07,900 --> 00:52:09,140 going to be. I don't even know how much they 944 00:52:09,140 --> 00:52:12,180 know about the F1, but maybe they've watched the Netflix 945 00:52:12,180 --> 00:52:19,660 series, but that's about it. Yeah, I'm, I'm really excited 946 00:52:19,660 --> 00:52:21,300 about this. I think this is like a perfect 947 00:52:21,300 --> 00:52:27,700 time to you know have a new marketplace like I I need some, 948 00:52:27,940 --> 00:52:29,740 I need a marketplace like honestly, OK, I'm going to be 949 00:52:29,740 --> 00:52:33,260 real, like no shade to blur, but the user experience like hurts 950 00:52:33,260 --> 00:52:36,700 my brain. And I I'm actually excited with 951 00:52:36,700 --> 00:52:39,940 the user experience with Kraken because I I just like the colors 952 00:52:39,940 --> 00:52:42,100 of the website. Like that matters to me because 953 00:52:42,100 --> 00:52:46,100 if I'm going to spend time on, you know, like I used to spend 954 00:52:46,100 --> 00:52:49,220 so much time. On Open C and I mean it was 955 00:52:49,220 --> 00:52:52,260 good, not great, but that was just kind of like the only thing 956 00:52:52,460 --> 00:52:56,220 there. But with crack and I feel like I 957 00:52:56,220 --> 00:53:00,860 could spend time on the website and that just makes me happy. 958 00:53:00,860 --> 00:53:02,660 That's really important to me and also. 959 00:53:03,150 --> 00:53:06,350 I want to ask about the customer service because that's something 960 00:53:06,350 --> 00:53:09,070 that's interesting to me because I know the customer service from 961 00:53:09,070 --> 00:53:12,870 like Coinbase and you know other like, you know that's. 962 00:53:13,110 --> 00:53:15,910 Terrible. Market it's just it's like like 963 00:53:15,910 --> 00:53:20,230 I literally I have like 1 issue I think I got logged out of my 964 00:53:20,230 --> 00:53:23,670 Coinbase about like two years ago and I called the the 965 00:53:23,670 --> 00:53:27,670 customer service and that was like I literally never used the 966 00:53:27,670 --> 00:53:31,240 platform again like I just I. I deleted my account. 967 00:53:31,240 --> 00:53:32,520 I was like, I don't care about this. 968 00:53:32,680 --> 00:53:34,880 This is just awful. So I'm actually really curious 969 00:53:34,880 --> 00:53:38,320 cuz you seem really excited, Washington, about the customer 970 00:53:38,320 --> 00:53:41,120 service that you guys are providing with Kraken. 971 00:53:41,120 --> 00:53:46,200 So I'd actually like to hear quickly about that or what 972 00:53:46,200 --> 00:53:48,440 you're excited about with it. Yeah. 973 00:53:48,440 --> 00:53:51,840 No, our customer service team are just fantastic. 974 00:53:51,840 --> 00:53:54,760 We work with them literally on a day-to-day basis. 975 00:53:57,540 --> 00:53:59,980 What's really good is the relationship that we have that 976 00:54:00,060 --> 00:54:04,460 if at any point a customer comes to them and says I don't 977 00:54:04,460 --> 00:54:07,300 understand what's happening with this, they have a Direct Line 978 00:54:07,300 --> 00:54:11,340 with me who's the product lead of the marketplace to say, hey, 979 00:54:11,500 --> 00:54:13,420 they don't understand why this is happening. 980 00:54:13,870 --> 00:54:16,710 And if it's a bug or it's a problem that goes directly onto 981 00:54:16,710 --> 00:54:19,750 the feature pile that like, all right, hey, we need to go fix 982 00:54:19,750 --> 00:54:22,110 this because we're getting direct feedback from our clients 983 00:54:22,110 --> 00:54:24,630 that they don't like something or they don't understand 984 00:54:24,630 --> 00:54:26,590 something. So hey, let's go and improve the 985 00:54:26,590 --> 00:54:29,710 UX here so that people actually understand what we're trying to 986 00:54:29,710 --> 00:54:31,790 do. So I think that relationship 987 00:54:31,790 --> 00:54:35,150 that we have with CE and Product is really, really tight. 988 00:54:36,240 --> 00:54:38,680 And any time there's like a really tricky question where 989 00:54:38,680 --> 00:54:41,920 we're really on top of things to get there problems sorted out. 990 00:54:41,920 --> 00:54:43,960 So yeah, that's what I'm personally excited by. 991 00:54:44,240 --> 00:54:47,120 Yeah, the coin bases and our competitors are compared to us. 992 00:54:47,120 --> 00:54:51,000 We're just phenomenal. I like that energy. 993 00:54:51,000 --> 00:54:54,580 I like that energy. Well, I mean too, it's like, how 994 00:54:54,580 --> 00:54:56,540 do you want to connect with somebody, right? 995 00:54:56,540 --> 00:54:59,180 A lot of times you're funneled into one way to connect with 996 00:54:59,180 --> 00:55:01,020 anybody. If you want to connect with our 997 00:55:01,020 --> 00:55:04,140 people over chat, if you want to do it over social, if you want 998 00:55:04,140 --> 00:55:06,700 to call somebody, if you want to e-mail somebody who wants to 999 00:55:06,700 --> 00:55:08,060 e-mail. But if you do, it's there. 1000 00:55:08,340 --> 00:55:09,740 Like there's all those options there. 1001 00:55:09,740 --> 00:55:12,060 I don't think most other exchanges have. 1002 00:55:12,060 --> 00:55:14,460 So I think however you want to get your support, you can get it 1003 00:55:14,460 --> 00:55:16,380 too. But what else? 1004 00:55:17,340 --> 00:55:20,380 Yeah, What else have you guys got planned to like? 1005 00:55:20,780 --> 00:55:22,260 Push it and make people aware of it. 1006 00:55:22,260 --> 00:55:26,780 We're going to see some big, big like marketing stunts or 1007 00:55:26,780 --> 00:55:28,300 activations or this kind of thing. 1008 00:55:29,140 --> 00:55:31,460 Yes. Look, I think one of the best 1009 00:55:31,460 --> 00:55:33,860 ways to engage with the community in general is to give 1010 00:55:33,860 --> 00:55:35,540 them free stuff, right? Kind of. 1011 00:55:36,460 --> 00:55:39,340 So in most of our community activation so far, we've been 1012 00:55:39,340 --> 00:55:42,460 really focused on trying to have like fun, but provide 1013 00:55:42,460 --> 00:55:45,020 interactive ways people can get involved and like engage and 1014 00:55:45,020 --> 00:55:46,100 like win stuff. So. 1015 00:55:46,660 --> 00:55:49,620 Just example, earlier this year in conjunction with the March 1016 00:55:49,620 --> 00:55:52,180 Madness basketball tournament, I don't know if you guys saw this, 1017 00:55:52,180 --> 00:55:55,180 but we held our own NFT tournament where the community 1018 00:55:55,180 --> 00:55:57,980 could create kind of content, compete for prizes. 1019 00:55:58,260 --> 00:56:02,380 We ended up giving away $50,000 in NFT's over the month and the 1020 00:56:02,380 --> 00:56:04,500 community got to showcase their creativity. 1021 00:56:05,220 --> 00:56:07,620 Mando, you mentioned earlier. More recently, we did the Dust 1022 00:56:07,620 --> 00:56:12,140 Labs experiment with their points for activations, which 1023 00:56:12,140 --> 00:56:14,440 was awesome. We get a ton of a positive 1024 00:56:14,440 --> 00:56:17,760 interactions with that, not just the D guys and youth community 1025 00:56:17,760 --> 00:56:21,240 members, but other folks in the space who were just kind of 1026 00:56:21,240 --> 00:56:24,800 touching that event. And then most recently you guys 1027 00:56:24,800 --> 00:56:28,680 mentioned to the F1 partner Williams, we're giving you 1028 00:56:28,800 --> 00:56:31,960 individual NFT holders the opportunity to have their NFT on 1029 00:56:31,960 --> 00:56:34,880 the rear wing of a car. So, like, that's the kind of 1030 00:56:34,880 --> 00:56:37,640 stuff that we've been doing and we've got a heck of a lot more 1031 00:56:37,640 --> 00:56:40,570 plan. Because at the end of the day 1032 00:56:40,730 --> 00:56:43,050 we're really interested in like providing the best NFT 1033 00:56:43,050 --> 00:56:45,890 experience both on and off platform. 1034 00:56:46,250 --> 00:56:49,130 I think a lot of people are just focused on the transaction, but 1035 00:56:49,450 --> 00:56:52,170 to me that's actually one of those boring parts of NFT's. 1036 00:56:52,530 --> 00:56:55,730 It's really about I think off platform community engagement. 1037 00:56:56,130 --> 00:56:58,610 So that's another way we're trying to separate, can we 1038 00:56:58,610 --> 00:57:02,250 provide those regularly And by the way for people that don't 1039 00:57:02,250 --> 00:57:04,530 even have crack on accounts, right, we're not like a walled 1040 00:57:04,530 --> 00:57:07,090 off garden that is only accessible to some people. 1041 00:57:07,500 --> 00:57:10,660 We may have some of those kind of more loyalty focused programs 1042 00:57:10,660 --> 00:57:13,660 in the future, but we really are about trying to broaden it, 1043 00:57:13,860 --> 00:57:17,060 bring people into the space, see how much fun it can be because 1044 00:57:17,060 --> 00:57:20,180 the the 2021 NFT Vibes were just Immaculate. 1045 00:57:20,180 --> 00:57:23,180 I think most people would agree we're we're not there today for 1046 00:57:23,180 --> 00:57:26,340 a variety of reasons. We're trying to get back there. 1047 00:57:27,340 --> 00:57:29,940 Love that. Anything that anyone can do to 1048 00:57:29,940 --> 00:57:33,900 get us back to those times is much appreciated by us for sure. 1049 00:57:34,180 --> 00:57:38,570 Every every little helps. Has the NSD on the back, the F1 1050 00:57:38,570 --> 00:57:40,770 car been sorted? Are they have been already been 1051 00:57:40,770 --> 00:57:42,330 selected or is there still an option? 1052 00:57:43,010 --> 00:57:47,490 So we had our community vote last week, so four of this of 1053 00:57:47,490 --> 00:57:50,250 those have been selected. And then on Friday we're going 1054 00:57:50,250 --> 00:57:53,850 to reveal the driver's choice. So Alvin and Logan Sergeant are 1055 00:57:53,850 --> 00:57:57,010 actually handpicking the rest of the finalists that will go on 1056 00:57:57,010 --> 00:57:59,850 there. So that'll be coming later this 1057 00:57:59,850 --> 00:58:01,990 week. That's awesome. 1058 00:58:02,190 --> 00:58:03,590 All right. Well, that would be a cool thing 1059 00:58:03,590 --> 00:58:05,270 to see. Yeah. 1060 00:58:05,270 --> 00:58:06,950 Look, it's great to speak to you guys. 1061 00:58:06,950 --> 00:58:09,870 I think we're gonna have you and maybe even the rest of the team 1062 00:58:09,870 --> 00:58:11,150 on a few times over the next month. 1063 00:58:11,150 --> 00:58:13,590 I know when Faroak's back wants to make sure he hosts you guys 1064 00:58:13,590 --> 00:58:18,430 as well, but this has been a really good introduction to you 1065 00:58:18,430 --> 00:58:21,230 guys coming to the space. I know you guys have been 1066 00:58:21,550 --> 00:58:23,710 sucking around various different projects and pushing it, but 1067 00:58:23,710 --> 00:58:26,670 it's really good to have this kind of formalized sponsorship 1068 00:58:26,670 --> 00:58:28,970 and relationship now with you guys for the next month. 1069 00:58:29,210 --> 00:58:34,090 There's gonna be a lot of drug, radio crack and content I think 1070 00:58:34,090 --> 00:58:36,850 gonna be produced over the next the next month, which we're 1071 00:58:36,850 --> 00:58:38,730 looking forward to. And yeah, we're just really, 1072 00:58:38,730 --> 00:58:41,450 really grateful that you guys are, you guys are partnering 1073 00:58:41,450 --> 00:58:43,530 with us. So everyone in the in the 1074 00:58:43,530 --> 00:58:45,490 audience, I think it's worth taking a look at them. 1075 00:58:45,490 --> 00:58:49,250 Obviously we've all had big, big dreams about the revolution 1076 00:58:49,250 --> 00:58:51,370 happening in marketplaces, blah maybe it wasn't. 1077 00:58:51,370 --> 00:58:55,990 Whatever was hoping this could be maybe a direction and yeah 1078 00:58:56,030 --> 00:58:57,790 thanks a lot guys and it was great to speak to you. 1079 00:58:58,510 --> 00:59:01,350 I think I think we're probably yeah, I think we're probably 1080 00:59:01,350 --> 00:59:04,470 going to wrap it up there though for today we're doing slightly 1081 00:59:04,470 --> 00:59:09,110 short shorter shows with with it being a reserved stuff, reserved 1082 00:59:09,110 --> 00:59:12,310 but better I would say at the same time but we're only we're 1083 00:59:13,350 --> 00:59:15,710 only doing how long it goes. But yeah, it was great to speak 1084 00:59:15,710 --> 00:59:17,110 to you guys and we'll have you guys on later. 1085 00:59:17,110 --> 00:59:19,590 And thanks again, Cows and Mika, we're probably going to come 1086 00:59:19,590 --> 00:59:23,450 back again with the the top five or top seven things hopefully 1087 00:59:23,450 --> 00:59:25,690 again tomorrow and on Friday, which will be even more 1088 00:59:25,690 --> 00:59:27,090 interesting. All right. 1089 00:59:27,170 --> 00:59:28,690 Thanks a lot guys. Really appreciate it.