Joel Comm: There's many reasons people enter the crypto space. Some are
Joel Comm: fascinated by blockchain technology. Some love the web3 aspect of
Joel Comm: playing Earn Nfts and the metaverse. Others are entranced by
Joel Comm: a new way of decentralized finance. And of course, there
Joel Comm: are the Bitcoin purists. Today's guest is in blockchain for
Joel Comm: what we at the Republic of Bad Cryptopia would label
Joel Comm: the right reasons. Passionate about the power of the immutable
Joel Comm: ledger and how it helps secure our inalienable rights. Chairman
Joel Comm: Elijah Beaudry has been talking the talk and walking the
Joel Comm: walk for many years. You'll love his enthusiasm for the
Joel Comm: space which is much needed during a bear market. Grab
Joel Comm: some marshmallows and join us around the firepit for a
Joel Comm: great conversation and a little bit of say saying the
Joel Comm: quiet parts allowed on episode number 657. Of the Bad
Joel Comm: Crypto podcast.
UU: Five, four, three.
UU: How are all of the opinions? Who's bad? I.
Joel Comm: And for those of you watching the video version of
Joel Comm: this podcast on YouTube, a Rumble or Odyssey Sign language
Joel Comm: brought to you courtesy of Sir Lord Travis Wright. Hello,
Joel Comm: good sir.
Travis Wright: But the title I didn't know. Oh, I did sign language.
Travis Wright: I thought I was supposed to be deaf.
Joel Comm: I don't know. I mean, there's people that do sign
Joel Comm: language for the deaf. You don't actually have to be.
Travis Wright: Well, luckily, the deaf people are not offended because they
Travis Wright: couldn't hear it in there. Well.
Joel Comm: That's a large of. Right. I'm sorry. This is the
Joel Comm: bad crypto podcast. Yeah, it's 57. And and we're glad
Joel Comm: you're here. This is going to be a great show.
Travis Wright: I don't know why we're being silly when we have
Travis Wright: the guest that we have on. He's a pretty serious guy,
Travis Wright: doing pretty serious stuff for Miami. Here we are being silly.
Travis Wright: That's because I felt the urge to be silly. I
Travis Wright: apologize in advance because this guy is really good.
Joel Comm: We don't apologize for being silly. It's baked into the.
Travis Wright: No, no, no. It says it says in the Constitution,
Travis Wright: in the First Amendment, no hate speech and no misinformation.
Travis Wright: It's right there. Article subdirectory, two three, paragraph four says
Travis Wright: that asylum.
Joel Comm: Well, there's nothing but love in this interview with Chairman Beaudry.
Joel Comm: Let's get to it. It was once said that we
Joel Comm: need an immutable ledger for inalienable rights. Trav, do you
Joel Comm: know who said that?
Travis Wright: I do know who said that because we we have
Travis Wright: notes that we go over before the show. And so
Travis Wright: we learn the things and we talk about stars.
Joel Comm: That are going.
Travis Wright: To be shown. We have a little pre-show at the Gast,
Travis Wright: and then we come in and then we know exactly
Travis Wright: what I figure.
Joel Comm: You'd come in and, you know, be like, Let's say
Joel Comm: you're paying Karl Marx, you know, so. Oh, no, no, no.
Joel Comm: None of those guys.
Travis Wright: That's what you get for assuming. So you're just assuming
Travis Wright: the wrong things today.
Joel Comm: I am perpetually making an ass out of myself and
Joel Comm: intend to do so more today, right in front of
Joel Comm: the originator of that quote who has also said to
Joel Comm: us that blockchain is his life. His name is Elijah Beaudry,
Joel Comm: but he is the chairman. We get this wrong and
Joel Comm: that's what we're going to fer to him going forward.
Joel Comm: He is with the Miami-Dade County Cryptocurrency Tax Forth Task Force.
Joel Comm: There we go. Not the Texas Tech Force, the task force.
Joel Comm: He is the chairman of that. He's got all kinds
Joel Comm: of interesting things to tell us about what's happening in Florida,
Joel Comm: especially in Miami. One of the most forward looking and
Joel Comm: thinking blockchain cities. Mr. ALIJA. Mr. Chairman, Mr. Beaudry, all
Joel Comm: three of you, welcome to the Bad Crypto podcast.
Chairman Elijah Bowdre: Thank you very much. I'm very excited and it's pleasure
Chairman Elijah Bowdre: to be here.
Joel Comm: I hope you're just as excited when we're done that.
Joel Comm: You know, we can Well, you know, our exit interview,
Joel Comm: you know, after the show, we're like, are you glad
Joel Comm: you came? And, you know, you're already off screen, you've
Joel Comm: dropped the mic and you're done. And then we know
Joel Comm: for sure how we've done.
Travis Wright: I'm still waiting for somebody to say they enjoyed coming
Travis Wright: on the show after like five and a half years.
Travis Wright: Somebody eventually is going to enjoy coming on the show.
Joel Comm: Yeah, we're going to keep doing the show until somebody says, Yeah.
Chairman Elijah Bowdre: I will. Well, I mean, you got if it's about
Chairman Elijah Bowdre: the blockchain, then you already got me.
Joel Comm: You've come to the right place. Good, sir. Tell us
Joel Comm: a little bit about yourself, kind of the Reader's Digest version,
Joel Comm: and we'll get on to all the blockchain. Goodness.
Chairman Elijah Bowdre: Yes. Yes. Well, I'm glad you don't drink. Or Chairman
Chairman Elijah Bowdre: Bill Drake of the Miami Dade County Cryptocurrency Task Force,
Chairman Elijah Bowdre: originally from Long Beach, California. But actually, I spent my
Chairman Elijah Bowdre: early career, was in finance working for a hedge fund,
Chairman Elijah Bowdre: private equity sales in New York for Jp morgan until night,
Chairman Elijah Bowdre: when there was a little thing called the global Financial
Chairman Elijah Bowdre: Crisis that washed me out and I moved to China.
Chairman Elijah Bowdre: I did a study abroad prior to going to work
Chairman Elijah Bowdre: and those connections there, after my layoff from working on
Chairman Elijah Bowdre: six or nine in New York, got opportunity to start
Chairman Elijah Bowdre: a business actually joint venture, one of the largest payment
Chairman Elijah Bowdre: and logistics entities in China and with my own company.
Chairman Elijah Bowdre: And it was there doing sourcing. So I've sourced over
Chairman Elijah Bowdre: 1200 different products from China for nine years and I
Chairman Elijah Bowdre: speak Mandarin. And then about 40 cities in China done
Chairman Elijah Bowdre: business in 11 countries. You know, my first million dollars
Chairman Elijah Bowdre: when I was 24 in China, unremarkable. But then it
Chairman Elijah Bowdre: was 2012 when a client reached out to me, friend
Chairman Elijah Bowdre: of a friend, and said that they wanted to do
Chairman Elijah Bowdre: a transaction and want to source something from China. But
Chairman Elijah Bowdre: they had a peculiar caveat. They didn't want to use.
Chairman Elijah Bowdre: Dollars for money. Well said. I'm doing okay. Money. Are
Chairman Elijah Bowdre: you wanting Singaporean dollars in your Swiss francs? Woolworths was
Chairman Elijah Bowdre: with the unit this fine. Come to find out. They
Chairman Elijah Bowdre: didn't want to use any fiat currency, period. They wanted
Chairman Elijah Bowdre: to use the Internet protocol called Bitcoin. And it's done. 12.
Chairman Elijah Bowdre: I never heard of it before. I was living in China,
Chairman Elijah Bowdre: making a lot of money, have a lot of fun.
Chairman Elijah Bowdre: But I was kind of I was skeptical. Like everyone
Chairman Elijah Bowdre: has internet coins. Like, Oh yeah, it's, it's interesting. Woman
Chairman Elijah Bowdre: I want to do with that. But I took it
Chairman Elijah Bowdre: to my partner and he was like, Hey, you know,
Chairman Elijah Bowdre: you should look into this. This is the, the future
Chairman Elijah Bowdre: decentralized peer to peer cash. And I'm like, okay, we
Chairman Elijah Bowdre: use it for trade. So and I actually did that
Chairman Elijah Bowdre: for quite a while making money off it. But it
Chairman Elijah Bowdre: was it was in the early days, it was very analog.
Chairman Elijah Bowdre: I had to actually receive like eight accounts. When I
Chairman Elijah Bowdre: first met Bitcoin, I was $0.85.
Joel Comm: When you first met Bitcoin, is that what you said? Yes,
Joel Comm: when I when we first met, by the way, it's
Joel Comm: not Internet coins. It's magical.
Travis Wright: Internet. Internet money. Yeah, yeah.
Joel Comm: Yeah. Do go on.
Chairman Elijah Bowdre: So and I'm taking this concise as possible. I don't
Chairman Elijah Bowdre: want to get too long winded, but I think it's
Chairman Elijah Bowdre: an interesting story. I'm being on the early days, you know,
Chairman Elijah Bowdre: you know, how was grab the guy to actually take
Chairman Elijah Bowdre: these coins. And then I had to actually find someone
Chairman Elijah Bowdre: to trade with peer to peer, literally. And, you know,
Chairman Elijah Bowdre: the only people who were really traded was the 24
Chairman Elijah Bowdre: hour case. And they had some gambling in the back
Chairman Elijah Bowdre: in the background. They could go in there. You can
Chairman Elijah Bowdre: play taking tag at 4 a.m., you know, or Dynasty Warriors,
Chairman Elijah Bowdre: you know. But then in the back, they're playing mahjong,
Chairman Elijah Bowdre: big stacks of money, cigarettes, noodles. And then it's this
Chairman Elijah Bowdre: guy comes in from America, say, hey, I've got my
Chairman Elijah Bowdre: computer and I got these Internet points. And so trade
Chairman Elijah Bowdre: me your big stack. All this money. You guys gambling
Chairman Elijah Bowdre: before the Internet, you know, and I did that for
Chairman Elijah Bowdre: like a year, actually, you know, making this happen. And,
Chairman Elijah Bowdre: you know, then we we stopped doing that. I actually
Chairman Elijah Bowdre: end up moved to Hong Kong and I got married
Chairman Elijah Bowdre: and started it another other. We opened an office in
Chairman Elijah Bowdre: Hong Kong and it was expanding and I had a
Chairman Elijah Bowdre: friend of mine approached me to say, Hey, he said
Chairman Elijah Bowdre: he was doing cross-border. Cross-border Bitcoin arbitrage. You want to
Chairman Elijah Bowdre: go into business with me and make an exchange. And
Chairman Elijah Bowdre: as I also know, exchanges like BitMEX, like Mexican Bitcoin,
Chairman Elijah Bowdre: like Mexican bitcoins, like Mercantile Exchange. So my girlfriend, Arthur Hayes,
Chairman Elijah Bowdre: actually goes there. I actually want to be one of
Chairman Elijah Bowdre: the investors. I didn't invest into BitMEX, but I did.
Chairman Elijah Bowdre: I did invest into the first my first ten coins
Chairman Elijah Bowdre: as an investment because when I was living in north
Chairman Elijah Bowdre: of mainland China, it was just a trade. I was
Chairman Elijah Bowdre: getting them. I have to I want to get rid
Chairman Elijah Bowdre: of them as fast as possible, you know, and get
Chairman Elijah Bowdre: my actual money in it. Just amongst the other things
Chairman Elijah Bowdre: that I had going on in China. When I get.
Travis Wright: Your ass, get your actual money.
Chairman Elijah Bowdre: Yes. Yeah.
Travis Wright: Yeah.
Chairman Elijah Bowdre: That's it, right? Okay. Yeah, I got exactly right. Exactly right.
Chairman Elijah Bowdre: So that that was my my thinking back then. But
Chairman Elijah Bowdre: you approached me to be part of the you know,
Chairman Elijah Bowdre: I don't know about the cross-border exchange arbitrage, but I'm
Chairman Elijah Bowdre: a How much are those coins now? Is it family time?
Chairman Elijah Bowdre: Like like, you know, coming from a finance background, You know,
Chairman Elijah Bowdre: I'm a I'm a you know, I'm a top graduate
Chairman Elijah Bowdre: from Florida Agricultural Mechanical University, 14 a.m. in Tallahassee's school
Chairman Elijah Bowdre: business ST which is Morgan worked for Goldman Sachs. I've
Chairman Elijah Bowdre: done a number of different banking things, so instantly I
Chairman Elijah Bowdre: calculate either well, I would, I would be like, I'll
Chairman Elijah Bowdre: be substantially rich, you know, about 3040 million about about
Chairman Elijah Bowdre: one of those deals that I did and just sat
Chairman Elijah Bowdre: on those 10,000 Bitcoin or those 18,000 Bitcoin that, you know,
Chairman Elijah Bowdre: moved around. So, you know.
Travis Wright: That was $0.89 you said were $0.89.
Chairman Elijah Bowdre: Yeah. And now it now narrowed 500. Now where we
Chairman Elijah Bowdre: sit in across amendment. Well I was like well let
Chairman Elijah Bowdre: me get ten you know, and those ten coins saved
Chairman Elijah Bowdre: my life. That's our, that's, that's a, our passports, the coins.
Chairman Elijah Bowdre: And from that time, actually, I hosted it myself. Bingham Actually,
Chairman Elijah Bowdre: Arthur Hayes and myself, we hosted the 2014 Blockchain Expo
Chairman Elijah Bowdre: in Hong Kong, actually the name of our show. So I,
Chairman Elijah Bowdre: the chairman and the crypto chair for Dade County, which, um,
Chairman Elijah Bowdre: I actually wrote the Florida's blockchain legislation, the first blockchain legislation,
Chairman Elijah Bowdre: house bill for virtual assets and digital currencies. And also
Chairman Elijah Bowdre: I authored the legislation for our crypto payment policy for
Chairman Elijah Bowdre: the county and the actual resolution for the blockchain war
Chairman Elijah Bowdre: for Dade County also up there as well. But even
Chairman Elijah Bowdre: before that, from 2016 to, you know, pandemic and beyond,
Chairman Elijah Bowdre: there was a person that was going around. Talking about
Chairman Elijah Bowdre: blockchain and crypto that was that. You know how the
Chairman Elijah Bowdre: actual county mayors, city council members, firefighters, police, other public
Chairman Elijah Bowdre: officials download their first blockchain wallets and sell their first bitcoin.
Chairman Elijah Bowdre: All the quinceaneras or mitzvahs and see those really so
Chairman Elijah Bowdre: on the ground preparing the way for Miami to be
Chairman Elijah Bowdre: where is today? Which is the crypto capital world or
Chairman Elijah Bowdre: of America. And there was that at one point. That
Chairman Elijah Bowdre: was me. I don't know was that that was that
Chairman Elijah Bowdre: was when I was in going back to Hong Kong.
Chairman Elijah Bowdre: I got back to America, actually to a project called
Chairman Elijah Bowdre: the Miami Water. I was involved with that part of
Chairman Elijah Bowdre: 85 and actually got cut through amount of money that
Chairman Elijah Bowdre: was invested from Hong Kong into Miami. And I came
Chairman Elijah Bowdre: over with that project, but I was always with the
Chairman Elijah Bowdre: blockchain parts.
Travis Wright: Which is fascinating, you know, stuff. You're you're over there
Travis Wright: in China and you learn about Bitcoin. And then so
Travis Wright: that was the project. And this new project you're talking about,
Travis Wright: that's what moved you back back to Miami.
Chairman Elijah Bowdre: Well, the main world center in a program called MI five,
Chairman Elijah Bowdre: which is an investor visa for Chinese families of investors,
Chairman Elijah Bowdre: they spent a half a million dollars in America on
Chairman Elijah Bowdre: the rules, their project to create jobs. They're able to
Chairman Elijah Bowdre: get a basic passport for them and their entire families
Chairman Elijah Bowdre: for an investor visa program. I was a big part
Chairman Elijah Bowdre: of that and made some good points, but that's what
Chairman Elijah Bowdre: brought me back to America. But with America, I still
Chairman Elijah Bowdre: evangelizing for the budget. After that 2014 Holcim Expo. My
Chairman Elijah Bowdre: partner and I, Edwin Reyes, who's also a femi Rattler
Chairman Elijah Bowdre: alumni from our school, and he's the one who actually
Chairman Elijah Bowdre: told me to go into crypto. Him and his father,
Chairman Elijah Bowdre: Ed's father, were one of the prime brokerage in China.
Chairman Elijah Bowdre: And so these two African-American gentlemen, father and son, won
Chairman Elijah Bowdre: about $190 million of Chinese money in China. You know,
Chairman Elijah Bowdre: people don't even understand what that means. But but that's
Chairman Elijah Bowdre: my partner. And at the time, that's what they were doing.
Chairman Elijah Bowdre: And he was like, hey, that's the new finance is
Chairman Elijah Bowdre: going to be the future. We started with a gimbal
Chairman Elijah Bowdre: and gimbal purpose is basically to we liquefied illiquid luxury assets.
Chairman Elijah Bowdre: So they were just kind of a luxury digital, you know,
Chairman Elijah Bowdre: kind of pawnbroker, right? So if you got grandma's necklace,
Chairman Elijah Bowdre: that's $10,000, you know, or however much you can't break
Chairman Elijah Bowdre: one ruby off and go and buy, rent or ship,
Chairman Elijah Bowdre: you have to sell it all or not sell it
Chairman Elijah Bowdre: at all. And so what we actually did was allow
Chairman Elijah Bowdre: people to take these precious stones, rubies, sapphires, emeralds, diamonds.
Chairman Elijah Bowdre: And we would take the custody of it. It's an
Chairman Elijah Bowdre: amazing custody. We take all the down insurance out of
Chairman Elijah Bowdre: all the all the different metadata, you know, upload it,
Chairman Elijah Bowdre: tokenize it, fractionalized it, and so on. And we did
Chairman Elijah Bowdre: that for about three or four years as.
Travis Wright: Validating or validating the authenticity of these things. And then
Travis Wright: you were offering them a token in exchange. So it's
Travis Wright: like sort of like validation with authentication. You know, it
Travis Wright: is now like, you know, this is real. Sometimes you
Travis Wright: don't know some of these things are real, right? You're like,
Travis Wright: Is this really real? Especially when you deal with China.
Travis Wright: I've been to China a couple of times, and I've
Travis Wright: seen those I've seen those factories. And it's like, Oh,
Travis Wright: here's where they make the guarantee. And it's like, well,
Travis Wright: it's not really good. It's really it looks like guarantee. Oh,
Travis Wright: tell me the place where they're making those Air Jordans
Travis Wright: I want to go get with Panda. But it is
Travis Wright: so it's like when you don't have authentication there, that
Travis Wright: creates a big challenge. And so that's that's a really
Travis Wright: big use case, I think, for blockchain. And you know, these.
Chairman Elijah Bowdre: Absolutely. Absolutely. And you hit the nail on the head.
Chairman Elijah Bowdre: I mean, you know, I love time. You know, I
Chairman Elijah Bowdre: have some some wonderful friends, wonderful people out of there.
Chairman Elijah Bowdre: You know, China as a nation is is has challenges
Chairman Elijah Bowdre: like every nation.
Travis Wright: But the Chinese government is a little wonky. But the
Travis Wright: people there, the people I met, are super friendly, awesome people.
Travis Wright: It just is crazy what's going on there right now
Travis Wright: with those protests and welding people in their homes. Because
Travis Wright: we don't want you to give COVID to people like
Travis Wright: this is crazy what's going on right now. So all
Travis Wright: eyes are on China right now. At least they should be,
Travis Wright: because it's kind of a test ground, I think, for
Travis Wright: the some of the authoritarian crazies to see how far
Travis Wright: you can push people before they fight back. And you
Travis Wright: can't be willing people in their homes to say that
Travis Wright: goes out anyway. But I digress. Yeah.
Chairman Elijah Bowdre: Well, it's you know, it's it's kind of for me,
Chairman Elijah Bowdre: it's like a full circle thing, right? To be American
Chairman Elijah Bowdre: and then, you know, to go to China and, you know,
Chairman Elijah Bowdre: discover this phenomenon, to really realize. What's happened? What's happening?
Chairman Elijah Bowdre: And understand that we truly are peering over the precipice
Chairman Elijah Bowdre: of a paradigm, preparing to pioneer a new path, realizing
Chairman Elijah Bowdre: that our physical world can only be so dispersed. And
Chairman Elijah Bowdre: that our digital reality can no longer be denied at last.
Chairman Elijah Bowdre: These tectonic transition caused by technology's position and the prodigious
Chairman Elijah Bowdre: potential to transform every tier and class. So I've been
Chairman Elijah Bowdre: entrusted this vision so that with prudent decisions, we all
Chairman Elijah Bowdre: could be multiplied by this immutable map. That's why I,
Chairman Elijah Bowdre: as the chairman of the Miami Dade County Cryptocurrency Task Force,
Chairman Elijah Bowdre: I solemnly swear to always espouse, to emulate the benevolent
Chairman Elijah Bowdre: idioms of this beautiful, immutable ledger, to be transparent, to
Chairman Elijah Bowdre: be distributed. All power to everyone over power to no one.
Joel Comm: That's poetry right there. That's what. That's what that is. I
Joel Comm: want to put some music underneath that, you know. Builds
Joel Comm: and rises.
Travis Wright: Lots of alliteration and P's and T's.
Joel Comm: Right. So it was a couple of years ago that
Joel Comm: Mayor Suarez had declared that he wants Miami to be
Joel Comm: the crypto capital of the world. Right. Have you met
Joel Comm: with him?
Chairman Elijah Bowdre: Oh, yeah. Well, say, Francis. Mayor Suarez, to the party.
Joel Comm: You can call Francis. That's his name.
Chairman Elijah Bowdre: A good friend of mine is good friend of mine.
Chairman Elijah Bowdre: Let's just say as a good friend, we might beat Miami.
Chairman Elijah Bowdre: Miami is a very dynamic region and place. And, you know,
Chairman Elijah Bowdre: like any city owes its people, the mentality and the
Chairman Elijah Bowdre: the instincts of the people are really the basis that
Chairman Elijah Bowdre: has allowed this to proliferate here. And for Miami as
Chairman Elijah Bowdre: a municipality to take the lead and be the pioneer
Chairman Elijah Bowdre: for this. Experiment, I guess you could say. You know,
Chairman Elijah Bowdre: we're the first to accept crypto for our taxes, and
Chairman Elijah Bowdre: these were the first to actually pay our employees their
Chairman Elijah Bowdre: regular salaries and their and their retirement benefits and crypto.
Chairman Elijah Bowdre: And now the next phases. And we're starting we're going
Chairman Elijah Bowdre: to launch our crypto year during December 2nd during Basel
Chairman Elijah Bowdre: because we're having our policy panel, but also the pilot
Chairman Elijah Bowdre: of a blockchain museum application pilot. So we've got about
Chairman Elijah Bowdre: 75 businesses that are signed up right now, more than
Chairman Elijah Bowdre: one we submitting. Every non monetary and they all have
Chairman Elijah Bowdre: some type of monetary societal, but non does not deal
Chairman Elijah Bowdre: with strict payments outside of late payments or collecting fees.
Chairman Elijah Bowdre: Application for municipality. So we've got things like blockchain for store systems,
Chairman Elijah Bowdre: blockchain for traffic lights system. Crypto IDs. You know, there's
Chairman Elijah Bowdre: a host of different innovations for the DMV and different
Chairman Elijah Bowdre: services that they use, blockchain, crypto protocols, energy tickets and
Chairman Elijah Bowdre: all kind of things that people, they basically have no
Chairman Elijah Bowdre: point because maybe they want to have a government client
Chairman Elijah Bowdre: or a municipality to have a huge test case, but
Chairman Elijah Bowdre: no government. Is using any blockchain or crypto protocol for
Chairman Elijah Bowdre: protocols at its current moment. Miami will be the first
Chairman Elijah Bowdre: and in this pilot program will see great proliferation. So
Chairman Elijah Bowdre: we know that happening.
Joel Comm: Is that happening now, Elijah or are people able to
Joel Comm: receive paychecks? Choose to receive Bitcoin instead of dirty fiat?
Chairman Elijah Bowdre: Yeah, they can choose. Exactly. So that's what I mean.
Chairman Elijah Bowdre: No one has elected to stick to 100% of their
Chairman Elijah Bowdre: checking crypto or anything like that. And nobody has. You
Chairman Elijah Bowdre: know what? The people participating in it are people, you know,
Chairman Elijah Bowdre: It's not, you know, it hasn't been wide scale adopted, like there's not
Chairman Elijah Bowdre: 10,000 employees that are using it. Right.
Joel Comm: But. Right. But if I'm an employee, I can say
Joel Comm: I want I want $200 in my weekly paycheck in
Joel Comm: Bitcoin .
Chairman Elijah Bowdre: Or in crypto. Yes, in Bitcoin it is. There's a couple of different
Chairman Elijah Bowdre: options you actually like Litecoin or Ethereum and couple of other ones to o.
Chairman Elijah Bowdre: I just wanted to add to this.
Travis Wright: Oh, so even the fact that crypto goes up and
Travis Wright: crypto goes down like that would be one of my
Travis Wright: questions for accepting crypto. Right? So, so, so I'll go
Travis Wright: back to Trevor Lawrence, who's the quarterback for the Jags.
Travis Wright: He took his it took his signing bonus, Joel. I mean,
Travis Wright: it was a $54 million signing bonus in Bitcoin, I think was
Travis Wright: 34 when Bitcoin was like $50,000. And so now is $20.
Travis Wright: You got 24 million in the signing bonus and now
Travis Wright: it's worth about 8 million because crypto has gone down.
Travis Wright: So how does that impact you guys or how do
Travis Wright: you sell that to the team when you're like, okay,
Travis Wright: crypto goes up , crypto goes down, we're going to take
Travis Wright: taxes in this. But what if, you know, like Solana. I
Travis Wright: just I don't know. You guys are accepting that or whatever.
Travis Wright: It was a big coin at one time, now it is not worth shit,
Travis Wright: but it's like, Oh, we accepted Solana and now it's
Travis Wright: not worth much. Now what happens in those scenarios? Elijah
Travis Wright: When crypto goes down and you guys are taking out
Travis Wright: of munis.
Chairman Elijah Bowdre: Well, that's a great question. And so the number one
Chairman Elijah Bowdre: thing for us is, is that the government has, you know,
Chairman Elijah Bowdre: basic charge to protect the public trust. So it's it's
Chairman Elijah Bowdre: first protection and then incremental gain and so on. It's not into
Chairman Elijah Bowdre: investments that are funny gambling that could possibly lose in hurt
Chairman Elijah Bowdre: the the public. So if we collect $5 million, it
Chairman Elijah Bowdre: needs to be $5 million. Not you know, it doesn't we
Chairman Elijah Bowdre: the government's not really interested. If it's $6 million, we
Chairman Elijah Bowdre: play five. We know we got six bonus million. Okay,
Chairman Elijah Bowdre: that's fine. But if it's supposed to be five and it's four, four, four, four, nine,
Chairman Elijah Bowdre: if it's one half, if it's a million up, great. Fine.
Chairman Elijah Bowdre: It's fine If it's $1 off. All hell breaks loose. So.
Chairman Elijah Bowdre: So not.
Travis Wright: Fine. Not fine.
Chairman Elijah Bowdre: Right, Exactly. $1 yet. So that's the government. Tell it.
Chairman Elijah Bowdre: And basically what it is, is that risk is like
Chairman Elijah Bowdre: a credit card merchant processor. Right? That risk is purchased
Chairman Elijah Bowdre: by third party vendors who will take on that risk
Chairman Elijah Bowdre: for a fee. But that fee is less than 1%
Chairman Elijah Bowdre: where some credit cards can charge 2%, 3%. All worker
Chairman Elijah Bowdre: bill vendors charge under 1% for the fee. But that's
Chairman Elijah Bowdre: the fee that they that they that's their. Their benefit
Chairman Elijah Bowdre: for buying the risk of the volatility of any of
Chairman Elijah Bowdre: the particular coins. So there is no government watching person
Chairman Elijah Bowdre: like employee like, Hey, I'm the blockchain processor for the county. Right.
Chairman Elijah Bowdre: There's third parties to right, It's 1 to 1, whatever.
Chairman Elijah Bowdre: They collect their own as a rule, as an option
Chairman Elijah Bowdre: to increase the the the options for people to pay.
Travis Wright: But let me ask you this in another way then.
Travis Wright: So if somebody is paying with crypto for taxes in
Travis Wright: Miami-Dade County, does that essentially are they swapping that crypto
Travis Wright: to cash immediately? So you guys have this those stablecoins
Travis Wright: or is it because the volatility seems like it could
Travis Wright: create a problem?
Chairman Elijah Bowdre: No. Yeah. Oh, So. I'm getting dropped off when I
Chairman Elijah Bowdre: was making an explanation. What you saying is exactly That
Chairman Elijah Bowdre: dilemma is the biggest dilemma of why task Force was informed.
Chairman Elijah Bowdre: And so the short answer is there's a third party
Chairman Elijah Bowdre: who purchases that risk and their compensation with a nominal fee,
Chairman Elijah Bowdre: they're able to charge on those payments, but it's 1
Chairman Elijah Bowdre: to 1 to the county. So if somebody owes a hundred thousand,
Chairman Elijah Bowdre: the county receives $100,000 no matter if that value went up to a million,
Chairman Elijah Bowdre: you know, the price strike for the county only was supposed to get $100,000 but now it is $1 million.
Chairman Elijah Bowdre: Me then, I mean, that's fine.
Travis Wright: A third party risk provider is the one that's going
Travis Wright: to get that upside because they're the ones taking the risk.
Travis Wright: County just wants $1,000,000. They don't care if it's a
Travis Wright: million to my 900,000. They need they need $1,000,000. And
Travis Wright: so give those other guys a chance to run. That
Travis Wright: makes sense.
Chairman Elijah Bowdre: So that's what it was. It's, you know, just you know,
Chairman Elijah Bowdre: because I got a lot of crypto bros and I'm like, hey, listen,
Chairman Elijah Bowdre: I'm right in it with you, you know, I've been in since I my
Chairman Elijah Bowdre: I've been in it since 89 cents.
Travis Wright: Yeah.
Joel Comm: That's the beginning of time. And, you know, that's about
Joel Comm: as early is as you can get there. So you guys,
Joel Comm: the Miami-Dade County Cryptocurrency Task Force, your goal is you
Joel Comm: know to to get so that municipalities and corporate entities
Joel Comm: will use crypto for taxes and for employee paychecks. And
Joel Comm: you believe that this can be a hyperbolic event that
Joel Comm: then goes, you know, you know, across our country to
Joel Comm: begin with, How does that happen? Or other, you know,
Joel Comm: people from various cities, leadership from other cities already meeting
Joel Comm: with you, Are they looking at your model? Explain to
Joel Comm: me how this rolls out and where you see it
Joel Comm: rolling out first.
Chairman Elijah Bowdre: Yes. So what is the back up? The short answer
Chairman Elijah Bowdre: is yes. There is a I've been very blessed that
Chairman Elijah Bowdre: for a number of reasons, but particularly because, you know,
Chairman Elijah Bowdre: I've been in the blockchain space for a while and
Chairman Elijah Bowdre: I actually know my partner and I, we actually use it.
Chairman Elijah Bowdre: We're we're we're real blockchainers. You are what we've created.
Chairman Elijah Bowdre: We have our own company. We service clients in Singapore
Chairman Elijah Bowdre: and China and Hong Kong. And prior to coming back
Chairman Elijah Bowdre: to America and then beginning this political, you know, foray
Chairman Elijah Bowdre: and and then bringing blockchain into the political sphere and,
Chairman Elijah Bowdre: you know, and then now everybody's watching Miami is, is
Chairman Elijah Bowdre: these things have kind of build up. But one of
Chairman Elijah Bowdre: the first things we're not first Miami is the premier.
Chairman Elijah Bowdre: So definitely the pioneer goes to our good friends in
Chairman Elijah Bowdre: Wyoming; Cheyenne specifically, we have a huge connection with our friends
Chairman Elijah Bowdre: in Wyoming and Cheyenne. She was just great for all
Chairman Elijah Bowdre: the legislative and all the other blockchain buddies that out
Chairman Elijah Bowdre: there in 2017. Wyoming was led by Caitlin Long and Senator
Chairman Elijah Bowdre: Wolf is Senator representative from Marion, or also our Matt Huffman,
Chairman Elijah Bowdre: who's the lead attorney for a lot of the representative ocean.
Chairman Elijah Bowdre: And I had actually can't remember all the names; there are a lot of names.
Chairman Elijah Bowdre: And we go out to Wyoming and visit our friends.
Chairman Elijah Bowdre: But 2017, they are the pioneers of blockchain legislation or
Chairman Elijah Bowdre: actually getting laws on the books for crypto. They passed.
Chairman Elijah Bowdre: They Caitlyn was a University of Wyoming alum and a
Chairman Elijah Bowdre: renowned Wall Street banker. She got into crypto early and wanted to come back
Chairman Elijah Bowdre: and make a donation to the University of Wyoming in crypto.
Chairman Elijah Bowdre: And the university was like, Well, can you just give
Chairman Elijah Bowdre: a check or give cash? We can't take this. And she's like, Well,
Chairman Elijah Bowdre: the whole reason I'm giving it know is that defeat,
Chairman Elijah Bowdre: the whole purpose converts the fiat. That's kind of like
Chairman Elijah Bowdre: what I'm about. Um, they, they, they. That triggered them
Chairman Elijah Bowdre: getting guidance from the state on how to custody this
Chairman Elijah Bowdre: digital asset. And that actually was the impetus to start
Chairman Elijah Bowdre: the sandbox. And they got 25 pieces of legislation passed
Chairman Elijah Bowdre: surrounding different the existence and the peripheral elements of the
Chairman Elijah Bowdre: blockchain within the government banking system, things like that. And
Chairman Elijah Bowdre: just recently they had another pack of laws that went
Chairman Elijah Bowdre: through for blockchain and make history with the the special deposit,
Chairman Elijah Bowdre: the special purpose deposit institution or speedy bank and the
Chairman Elijah Bowdre: the the public. To the public DAO where you can actually
Chairman Elijah Bowdre: make a DAO as an LLC, which has a, you know,
Chairman Elijah Bowdre: amazing case for all kinds of things. I mean, obviously
Chairman Elijah Bowdre: so early for for the industry, for those things that
Chairman Elijah Bowdre: are there and we will look back look on those
Chairman Elijah Bowdre: as this proliferates as an instructional model for this new area.
Chairman Elijah Bowdre: Oh I took a trip with it when I first
Chairman Elijah Bowdre: became chair in September to Wyoming, and we was like
Chairman Elijah Bowdre: 13 of the representatives. And then we started something called
Chairman Elijah Bowdre: the US Crypto Policy Alliance, and that is that alliance
Chairman Elijah Bowdre: between giant Cheyenne, Wyoming, Miami and Cheyenne. But then also
Chairman Elijah Bowdre: 28 other Blockchain's state level blockchain associations. And basically our
Chairman Elijah Bowdre: plan was kind of simple to support each other legislatively
Chairman Elijah Bowdre: through the proliferation of legislation, but also really to copy
Chairman Elijah Bowdre: mass bill for the digital form, for virtual assets, digital currencies,
Chairman Elijah Bowdre: the existence of blockchain and the stuff you edited for
Chairman Elijah Bowdre: whatever your regional parish county. However it applies to locally.
Chairman Elijah Bowdre: But get it submitted. And last year we had 11
Chairman Elijah Bowdre: that I submit it mines that we went through and
Chairman Elijah Bowdre: those efforts are still going on. We've had the policy
Chairman Elijah Bowdre: panel in New York for the U.S. Policy Alliance with
Chairman Elijah Bowdre: the city. So we're advising city of New York and
Chairman Elijah Bowdre: Mayor Adams in his blockchain municipal integration. Jack Dorsey and
Chairman Elijah Bowdre: Jay-Z have a Bitcoin academy there. We're also a manager
Chairman Elijah Bowdre: for them, also for representative client. Now, who started the
Chairman Elijah Bowdre: technology Committee for the State Assembly of New York. So
Chairman Elijah Bowdre: it is all cryptocurrency bill that has this going over now.
Chairman Elijah Bowdre: We're advising and consulting with them as well, including Washington, D.C.,
Chairman Elijah Bowdre: Philadelphia and Atlanta.
Travis Wright: So is you're consulting with a lot with a lot
Travis Wright: of awesome people. So I want to get another question
Travis Wright: because I know we're running out of time here. You
Travis Wright: got a lot of words. Want I'm trying to figure
Travis Wright: out what I want to get. I got I got
Travis Wright: a question. So is that you consulting with a lot
Travis Wright: of these municipalities? And as you can tell, because from
Travis Wright: what you just described about Wyoming, is most of these
Travis Wright: people don't really know shit about what they're trying to
Travis Wright: figure out. Digital assets they don't know. They don't know
Travis Wright: what it is and how it works. And here they
Travis Wright: are now trying to create a central bank, digital currency, right?
Travis Wright: So you have these stablecoins, which I think they are like,
Travis Wright: Oh man, it sure would be nice if we had
Travis Wright: an official stablecoin or the U.S. dollar. Let's make it right,
Travis Wright: which in my mind is very bad. So putting your consulting,
Travis Wright: when somebody is coming at you and they say, Hey,
Travis Wright: we should create our own, you know, Miami based central
Travis Wright: bank digital currency, or we should create the Washington DC
Travis Wright: Fed coin. Like what do you how do you reply
Travis Wright: or you retort that.
Chairman Elijah Bowdre: Well, I have no retort or reply. I so for
Chairman Elijah Bowdre: my position, it's the proliferation of blockchain in general, and
Chairman Elijah Bowdre: that's kind of it keeps the symbol for us and
Chairman Elijah Bowdre: keeps it, say, for myself. My thing is that whether
Chairman Elijah Bowdre: you are a proponent of crypto and blockchain or you're
Chairman Elijah Bowdre: against it or you have some, you know, what have
Chairman Elijah Bowdre: you feel on it. We need to have a a
Chairman Elijah Bowdre: body group, a task force, a commission to to facilitate,
Chairman Elijah Bowdre: to be able to properly. And it should be of
Chairman Elijah Bowdre: initial sort of experts that people were actually understand what
Chairman Elijah Bowdre: it is and the implications of it. And so that
Chairman Elijah Bowdre: this is not missed so that the. So that the
Chairman Elijah Bowdre: facilitation amputation is not mishandled. Right. And because that is
Chairman Elijah Bowdre: actually something you mentioned earlier. And one of the tools that.
Chairman Elijah Bowdre: We understand. Very. Very directly that the same amazing technology.
Chairman Elijah Bowdre: That to save us all. Can enslave us all by immutably.
Chairman Elijah Bowdre: It was not handled properly.
Joel Comm: And that's scary. And let some you know, let's wrap
Joel Comm: with this then, because I want to look to the future.
Joel Comm: There is a lot of talk right now about central
Joel Comm: bank digital currencies, which to me is synonymous with enslavement.
Joel Comm: What do you think the governments of the world are
Joel Comm: going to do concerning their current state of fiat and
Joel Comm: converting that to digital? And where does how does Bitcoin,
Joel Comm: you know, get away from the heavy hand of totalitarianism
Joel Comm: because it wants to be free? Where are we going?
Chairman Elijah Bowdre: Well, here's the thing that I another call and I
Chairman Elijah Bowdre: always say to our people in our organizations that technology
Chairman Elijah Bowdre: always changes. Humans never change. Ever. So with those two understandings,
Chairman Elijah Bowdre: those universal truths, that is the basis in which we
Chairman Elijah Bowdre: we we can we can project out into the future
Chairman Elijah Bowdre: and so on. But this technology specifically. Is the closest Bitcoin,
Chairman Elijah Bowdre: specifically the closest thing that we have created. Humans like nature,
Chairman Elijah Bowdre: but creating something that's like nature, something that you create
Chairman Elijah Bowdre: and you put it out and it lives. It exists.
Chairman Elijah Bowdre: In the world. It exists on its own. And but
Chairman Elijah Bowdre: we think about it that way. You understand why it's
Chairman Elijah Bowdre: so beautiful? Because it is a technology that represents people.
Chairman Elijah Bowdre: People are the biggest threat to the world, but the
Chairman Elijah Bowdre: most the most precious asset. The only thing that matters.
Chairman Elijah Bowdre: You know. In reality. Or because we are people, or
Chairman Elijah Bowdre: if we were some other beings or something like that.
Chairman Elijah Bowdre: But we're here. People are only going to matter. I don't.
Travis Wright: Know. Joe's a little alien ish. I'm a little concerned
Travis Wright: about John. Well. Yeah. Yeah.
Joel Comm: You said that. And you just mentioned him right off
Joel Comm: the recording. He. He was. You were exposing me, and
Joel Comm: he was going to come and say, Well, we actually
Joel Comm: have been having this.
Travis Wright: You're like an angel.
Joel Comm: He's got these gills. He's Elizabethan. And. And now the
Joel Comm: truth is out there, So everybody's going to be writing
Joel Comm: me and saying, Yeah, Jules.
Travis Wright: Why don't just cut him off? I said I was prescient.
Travis Wright: I could see that was coming. And I was like,
Travis Wright: Hold on.
Joel Comm: Okay. The truth is, I'm not really an alien there, Mr. Chairman.
Joel Comm: All right. Thanks, ma'am.
Travis Wright: That was funny, though. That was great timing.
Joel Comm: For those who aren't watching your listening. Right. As Travis said,
Joel Comm: that the chairman got kicked off the stream, but he's back.
Joel Comm: Welcome back, sir.
Chairman Elijah Bowdre: Well, not to be long, and I definitely understand you
Chairman Elijah Bowdre: guys get limited time. Like I said, blockchain in my life,
Chairman Elijah Bowdre: the crypto is my life. And people say, oh, why
Chairman Elijah Bowdre: is it? It's not just how rich has made me
Chairman Elijah Bowdre: or my partners rich in love. It's very. But. Because.
Chairman Elijah Bowdre: We never had a chance like this. Humanity has never
Chairman Elijah Bowdre: had a chance like this. I'm. I am a fanatic
Chairman Elijah Bowdre: about anthropology and human history. You know, ancient warfare, nation states,
Chairman Elijah Bowdre: the creation of space technology, its effects on human beings,
Chairman Elijah Bowdre: the moving, the coming and going. Before I took my
Chairman Elijah Bowdre: first internship with Jp morgan, I read the House of Moore,
Chairman Elijah Bowdre: you know, and the story of the Morgan family and
Chairman Elijah Bowdre: Janice Pierpoint and going on to Baby and his. Being
Chairman Elijah Bowdre: in the crux of the movement of technology in when
Chairman Elijah Bowdre: one power taking place and another power being deprived, finding
Chairman Elijah Bowdre: those dislocations and seeing those technologies that change the entire
Chairman Elijah Bowdre: flow of human existence. Experience make you think back to
Chairman Elijah Bowdre: the Gutenberg printing press and technology that. Cracked. The. Absolute
Chairman Elijah Bowdre: power that the clergy had over the church had over
Chairman Elijah Bowdre: the state's life. And you think about the. Steam engine,
Chairman Elijah Bowdre: the predecessor to the industrial. It cracked. The absolute rule,
Chairman Elijah Bowdre: the monarchy. Had over the state's.
Travis Wright: For you. You're right. We literally were like fighting the
Travis Wright: king and the church. Further money was controlled by the king,
Travis Wright: was controlled by the church and now is controlled by
Travis Wright: the global bankers. Some people don't want to believe that,
Travis Wright: but that's the way that it runs down. So you're
Travis Wright: saying that Bitcoin has maybe the chance to help to
Travis Wright: help us get through that?
Chairman Elijah Bowdre: I don't want to say it. Yes. Yeah. That's what
Chairman Elijah Bowdre: I'm inside it. Every morning I wake up because it's not.
Chairman Elijah Bowdre: It's not about the money. It's not about the money.
Chairman Elijah Bowdre: It's about understanding where we are in history, seeing forcefully
Chairman Elijah Bowdre: for spending. That is the paradigm shift.
Travis Wright: And it really has been. We are we're on an edge.
Travis Wright: It's either going to teeter one way or the other,
Travis Wright: and it's I hopefully Adidas for humanity, if not, is
Travis Wright: going to attitude towards authoritarianism and they're going to put
Travis Wright: that technology clamp down. And let's let's hope that we're
Travis Wright: able as a society to rise above that. I think
Travis Wright: that's well.
Joel Comm: You know, what we're seeing in China and other countries
Joel Comm: is certainly a good indicator. If, you know, Americans would
Joel Comm: have the colonies to to stand up and say no, because,
Joel Comm: you know, they're going to bring their shenanigans again, you know,
Joel Comm: then it's coming. They used COVID once to lord over
Joel Comm: us an unelected person. Dr. Fauci basically came in and said,
Joel Comm: here's what we're going to do, unelected, little, little tight,
Joel Comm: and we can't let that happen again next time. If
Joel Comm: they try to do that again, you do not comply.
Joel Comm: The answer is no.
Travis Wright: Well, let me ask this, Joel. Let me let me
Travis Wright: ask the chairman about this, because Miami that Miami Dade
Travis Wright: County has historically had some voting issues in the past. Right.
Travis Wright: So how long until we're seeing Florida and voting? Right.
Travis Wright: The hanging chads, the Miami Dade County is it's crazy
Travis Wright: stuff that's going down there. Mean, how do we avoid that?
Travis Wright: How do we use blockchain? Is that something that's on
Travis Wright: your guys radar so far?
Chairman Elijah Bowdre: Yeah, it's in quite by itself. So, so so.
Travis Wright: Well, I'm saying the quiet parts of land, that's what
Travis Wright: we do here. You know.
Joel Comm: What? I think you need to add that as a
Joel Comm: tagline with that crypto still in the quiet parts. Well,
Joel Comm: I like that producer Lisa put that in future show notes.
Joel Comm: There you go.
Travis Wright: Well, that's good.
Chairman Elijah Bowdre: Yeah. You know, me personally. Yeah. I'm a person that,
Chairman Elijah Bowdre: you know, I'm kind of different. I feel like the
Chairman Elijah Bowdre: more equitable and open things are, the more efficient it
Chairman Elijah Bowdre: would be better for everybody. You can see how you get,
Chairman Elijah Bowdre: you know, you should really be on merit. You know
Chairman Elijah Bowdre: what I mean? Is that, like, how good, how smart
Chairman Elijah Bowdre: people are, you know? And I mean, you know, if
Chairman Elijah Bowdre: you work with government or if you your human lives
Chairman Elijah Bowdre: under government, you have your opinions from the experiences of
Chairman Elijah Bowdre: the effectiveness of government, you know, and just kind of
Chairman Elijah Bowdre: how it shakes out. But also, like you said, you know, people, humans,
Chairman Elijah Bowdre: and you understand that intrinsically, if it's bad for someone else,
Chairman Elijah Bowdre: it's good for someone else, you know? And so you
Chairman Elijah Bowdre: look to the government or you look at things, you
Chairman Elijah Bowdre: see these things are bad, bad, bad. We have to say, Yeah, right.
Chairman Elijah Bowdre: So if you want to come in and say, Hey, hi,
Chairman Elijah Bowdre: we're going to put this, this, this thing in here,
Chairman Elijah Bowdre: it's going to clear up and there's going to be
Chairman Elijah Bowdre: no more stuff. You're stealing no more, and then you
Chairman Elijah Bowdre: expect the people will up it is that. Oh, yes,
Chairman Elijah Bowdre: we want this. Put this new thing that can make
Chairman Elijah Bowdre: everything equal everybody. Right. Do you think that make it.
Travis Wright: Equal for everybody else? Not for me. I do for there. Yeah.
Chairman Elijah Bowdre: Like to bring that here. Whoa. Table is Vegas or
Chairman Elijah Bowdre: what's going on.
Travis Wright: Right. Right.
Joel Comm: Yeah. Well, I think it's really interesting. Elijah, your name,
Joel Comm: of course. You know, that makes you a major prophet, right?
Joel Comm: The origin is is Hebrew. It means, my God, is Yahweh.
Joel Comm: My name, Joel. It means the Lord is God. I
Joel Comm: believe that's a translation, man. And Travis means to cross over.
Travis Wright: It's reverse.
Joel Comm: It was an occupational name for gatekeepers and others who
Joel Comm: collected tolls at Bridges and Fjords. So when I.
Travis Wright: Get off my day, I'm on the original troll bridge.
Chairman Elijah Bowdre: Like any travel troll.
Travis Wright: That's fantastic. Yeah.
Joel Comm: The Bad Crypto podcast saying the quiet parts allow Chairman
Joel Comm: Elijah Bowe Dray. Sir, can you please say to us
Joel Comm: in Mandarin you're listening to the bad Crypto podcast.
Chairman Elijah Bowdre: Argentine Neil Mitchell talking about, um, commercial crypto.
Travis Wright: Podcast The show.
Joel Comm: Close enough is enough. Where can people find you and
Joel Comm: discover more about all the things you're doing?
Chairman Elijah Bowdre: Absolutely. So on my site is the midpoint. The IO
Chairman Elijah Bowdre: be at your eye empty dial. It was actually named
Chairman Elijah Bowdre: after a bar in Liquid Fong Hong Kong that we
Chairman Elijah Bowdre: used to meet up every Tuesday. You had the first
Chairman Elijah Bowdre: Bitcoin ATM in there and the bar was named the
Chairman Elijah Bowdre: Bitcoin actually. Back in those early days. And also you
Chairman Elijah Bowdre: can find me at Blockchain Beaudry, Blockchain and Beaudry build
Chairman Elijah Bowdre: diary on Instagram and on all other platforms. You would write.
Joel Comm: Excellent. Thanks for coming on, man. We enjoyed having you.
Joel Comm: Did you enjoy being here?
Chairman Elijah Bowdre: Yes. And now more history is coming. God had a
Chairman Elijah Bowdre: wonderful Sterling time. It was amazing. Really? I can't wait
Chairman Elijah Bowdre: to come back. And what do you guys need? Let
Chairman Elijah Bowdre: me know.
Joel Comm: Yeah, we're all about that love speech here. The Republic
Joel Comm: of Bad Cryptopia. We love everybody except communists, socialists.
Travis Wright: People I even like. I love them, too. They just don't.
Travis Wright: They're just misled. It's so easy to be misled. I don't.
Joel Comm: I don't know. I don't like them. I don't love them.
Joel Comm: I know. That's like the opposite of what Christ said
Joel Comm: to do. They probably don't.
Travis Wright: Even love themselves. Actually, a lot of them don't. And
Travis Wright: so they're so angry. So hopefully they can find a
Travis Wright: way to to get through the darkness because that's what
Travis Wright: they're living through.
Joel Comm: Elijah is a cool dude and he.
Travis Wright: Is my dad is awesome, though.
Joel Comm: He's doing some great stuff there in Miami and beyond.
Joel Comm: I mean, influencing Nationwide, becoming an example for how this
Joel Comm: is done, how how businesses and municipalities can can accept
Joel Comm: crypto for taxes and pay their employees in crypto. And
Joel Comm: I think you know more and more people like right
Joel Comm: now if I if I had a job I would
Joel Comm: love to be getting paid some of my payroll in
Joel Comm: in bitcoin. Right. This would be the time to stock
Joel Comm: up even if it's just 100, $200 a week or whatever.
Travis Wright: Is that financial advice or not?
Joel Comm: I'm just for me personally, no, of.
Travis Wright: Course it's not. Okay for you personally, I think we've
Travis Wright: already been under 600 some odd episodes. I figured we maybe.
Joel Comm: Yeah.
Travis Wright: We've said is financial advice. This is financial advice. Stay back.
Joel Comm: No, we're not there yet. You are going to show
Joel Comm: so fast. Well, you. Why? He's desperate.
Travis Wright: I'm not. Well, is that so? So last week. So
Travis Wright: our chairman Beaudry actually came on during Art Basel Week.
Travis Wright: A lot of stuff going on in Miami. And he
Travis Wright: took time here. And then today there is a big event.
Travis Wright: And this whole week it's PR blockchain week here in
Travis Wright: Puerto Rico.
Joel Comm: In fact, I believe this episode comes out on Wednesday,
Joel Comm: the 7th of December, and we will have spoken at
Joel Comm: the Coinagenda Michael Champions event on the main stage are
Joel Comm: talking about the past, present and future of Nfts. And
Joel Comm: then on Friday, we're speaking at Pedro's conference. Right? What's
Joel Comm: that one called for?
Travis Wright: Limitless. It's like without limits. Like they don't have any limits.
Travis Wright: So we can say hate speech.
Joel Comm: So no, we can just.
Travis Wright: Like, okay, say misinformation.
Joel Comm: They're going to say, hey, you guys have 30 minutes
Joel Comm: or like now you said is limitless. We're going to
Joel Comm: keep talking.
Travis Wright: Yeah, we're going to keep going. No, you said no
Travis Wright: limits conference. Yeah. You know what I hear? I was younger,
Travis Wright: and probably when you were younger, there was this thing.
Travis Wright: Sticks and stones may break my bones. The words may
Travis Wright: never hurt me somehow. I don't know how that got lost.
Travis Wright: Now it's like the words you say hurt me. And
Travis Wright: I am so hurt by the words. And actually, I
Travis Wright: was thinking about this earlier. It's like when I was younger,
Travis Wright: I had so many rude assholes saying shit to me,
Travis Wright: like very hateful stuff because I was overweight, I was
Travis Wright: always picked, I was bullied and stuff, but it just
Travis Wright: fueled me. Even my stepdad was an asshole. But if
Travis Wright: you allow me to like, go and do better things like,
Travis Wright: All right, you know what? I'm going to prove all
Travis Wright: you guys wrong. So what happens now? And they don't
Travis Wright: have that to drive people to be better. What happens
Travis Wright: when you don't have any of that in society? And
Travis Wright: everyone's a soy boy and nobody has any real challenges
Travis Wright: and everything's handed to them easily. Like, how is that?
Travis Wright: How does that fuel motivation?
Joel Comm: I don't know. I just know that if I was
Joel Comm: Roger Daltrey, I wouldn't get fueled again.
Travis Wright: Okay. All right. That's good. Fuel me once. We won't
Travis Wright: get fueled again at that.
Joel Comm: I'm laughing because that was funny to me and absolutely
Joel Comm: no one else. So I think it's something.
Travis Wright: That was that was I was very Dallas joke that.
Joel Comm: Was bad is bad can be and you can be
Joel Comm: as bad as bad can be as well by being a.
Joel Comm: Why isn't it shown the way I want it to?
Joel Comm: There we go. A member of the Republic of Bad
Joel Comm: Cryptopia as nifty club I see every day. I see
Joel Comm: them coming in and I get notified every time somebody
Joel Comm: gets a membership and fee. And what you want to
Joel Comm: do is go to bad crypto dot uncut dot FM
Joel Comm: and pick up this little spinny red NFT. It's very inexpensive.
Joel Comm: You can get a 4.002 ETHE, which is about $2.53
Joel Comm: right now. And then you get free airdrops. We've done
Joel Comm: four or five of them right now, and there's another
Joel Comm: one that we're going to be dropping in about a day.
Joel Comm: I'd say for those who have the NFT, and that
Joel Comm: is the one you created for our previous episode, which
Joel Comm: was the show with Edward Griffin. So that one's coming next.
Travis Wright: I was fine. Yeah, the creature creeps on that one.
Travis Wright: And so that's like there's basically this weird creature on
Travis Wright: top of all this money. And the energy of money
Travis Wright: turned into this creature and it's sort of walking all around.
Travis Wright: And so I liked that one. And then I was
Travis Wright: playing around with it even further. I'm starting to get
Travis Wright: decent with some of the air stuff I'm playing around with.
Travis Wright: You are again? Definitely.
Joel Comm: It's it's intense. And now you've got air art. You've
Joel Comm: got air conversations that you can have with these bots
Joel Comm: that people set up. You can.
Travis Wright: Open air. Yeah, open air. The chat GPT is all
Travis Wright: my buddy is saying some of this stuff I guess.
Joel Comm: Yeah.
Travis Wright: That is crazy. You know how easy it would be
Travis Wright: to write a fucking paper now. All right, let let's learn.
Travis Wright: They're not going to actually write a paper and be
Travis Wright: able to find it being plagiarized anywhere because I wrote it.
Joel Comm: Let's actually right now, for those of you that are
Joel Comm: still with us, if you're watching the video, I'm going
Joel Comm: to pull up the video of it doing it in
Joel Comm: real time. It's this chat that open air dot com.
Joel Comm: And I'm going to type in here, write a story
Joel Comm: about Joel and Travis Wright of the Bad Crypto podcast.
Joel Comm: All right. Now the I Once upon a time in
Joel Comm: the world of cryptocurrency there were two friends named Joel
Joel Comm: Com and Travis Wright. They were the hosts of a
Joel Comm: popular podcast called The Bad Crypto Podcast, where they discussed
Joel Comm: the latest news and trends in the world of digital assets.
Joel Comm: Joel and Travis have been interested in cryptocurrency for quite
Joel Comm: some time, and they had both made a healthy profit
Joel Comm: from their investments in various coins and tokens. However, they
Joel Comm: also knew that the world of crypto was fraught with
Joel Comm: danger and uncertainty and that not every investment was a
Joel Comm: sure thing. You take over here, Trav.
Travis Wright: I can't see it. You didn't show, right?
Joel Comm: Oh, I'm not sure. This. There we go. There's a screen.
Joel Comm: So right here. Or despite we can read a paragraph.
Travis Wright: Despite the risks, Joel and Travis were always eager to
Travis Wright: learn more about the exciting world of cryptocurrency, and they
Travis Wright: shared their knowledge and insights with their listeners on a
Travis Wright: regular basis. They were especially passionate about the potential of
Travis Wright: blockchain technology to revolutionize the way we transact and exchange value.
Joel Comm: One day while recording a new episode of their podcast,
Joel Comm: Joel and Travis received a tip from a trusted source
Joel Comm: about a new HBO initial coin offering.
Travis Wright: At.
Joel Comm: Launch in a few weeks. The HBO promised to offer
Joel Comm: investors a chance to get in on the ground floor
Joel Comm: of a revolutionary new blockchain platform that promises to solve
Joel Comm: many of the challenges currently facing the industry.
Travis Wright: Intrigued by the potential of the new ICO, Joel and
Travis Wright: Travis decided to investigate further. They spent hours poring over
Travis Wright: the White paper and conducting due diligence on the team
Travis Wright: behind the project, and they were impressed by what they found.
Travis Wright: The technology behind the platform seems solid and the team
Travis Wright: behind it had a proven track record of success in
Travis Wright: the crypto world.
Joel Comm: Feeling confident about their decision, Joel and Travis decided to
Joel Comm: invest in the ICO. They each put in a substantial
Joel Comm: amount of money and they eagerly awaited the launch of
Joel Comm: the new platform.
Travis Wright: As the launch date approached, excitement began to build among
Travis Wright: the crypto community. The buzz around the new icon was palpable,
Travis Wright: and many investors were eager to get in on the action.
Joel Comm: On the day of the launch, Joel and Travis watched
Joel Comm: with bated breath as the ICO went live within minutes.
Joel Comm: The demand for the new tokens was overwhelming and the
Joel Comm: price began to skyrocket.
Travis Wright: Oh my. As the value of their investment soared, Joe
Travis Wright: and Travis could barely contain their excitement. They hit the jackpot,
Travis Wright: and they were thrilled to have been among the first
Travis Wright: investors in what promised to be a game changing new platform.
Joel Comm: Over the next few weeks, the value of their investment
Joel Comm: continued to climb and they were able to sell their
Joel Comm: tokens for a huge profit thanks to their savvy investment.
Joel Comm: Joel and Travis had made a fortune and they were
Joel Comm: now considered among the top experts in the world of crypto.
Travis Wright: From that day forward, Joel and Travis continued to share
Travis Wright: their knowledge and insights with their listeners on the Bad
Travis Wright: Crypto podcast, helping to educate and inform the wider crypto
Travis Wright: community about the exciting world of digital assets. And they
Travis Wright: lived happily ever after.
Joel Comm: Say that this is this is amazing. This is all.
Travis Wright: I deserve was.
Joel Comm: To write a story about Joel com and Travis right
Joel Comm: on the bat crypto podcasts and the air bot wrote
Joel Comm: this whole thing in in a couple seconds. And what's
Joel Comm: really amazing is I can click try again and it'll
Joel Comm: rewrite the story and change some of the the things.
Joel Comm: This particular one it's writing about right now is about
Joel Comm: how we started the show and how the show got
Joel Comm: traction and how the show got popular.
Travis Wright: And how we bought a sitcom and we lost all
Travis Wright: our money. So there's lots.
Joel Comm: This is a an interesting world that we have entered
Joel Comm: into here. And. It's a little scary because now, you know,
Joel Comm: a lot of people aren't going to be able to
Joel Comm: figure out what's real. This bot can write code, can
Joel Comm: write code. You can say write a piece of code
Joel Comm: that does this and it gives you a baseline for
Joel Comm: code that you can work off of and use for
Joel Comm: whatever program you want.
Travis Wright: And San Francisco approved the use of robots to use
Travis Wright: weaponized force against people. Ha ha ha ha ha ha
Travis Wright: ha ha ha ha. Thanks. Welcome to the Bad Guy podcast,
Travis Wright: where a lot of air is bad, but some of
Travis Wright: it's good. But the bad stuff you really don't ever see.
Travis Wright: But it's. We probably don't have much time left.
Joel Comm: Yeah. So I type stay bad in here. And it says,
Joel Comm: Despite their success, Joel and Travis remain true to their
Joel Comm: roots and stayed true to their bad approach to crypto.
Joel Comm: They continue to push boundaries and challenge the status quo,
Joel Comm: refusing to be swayed by the conventional wisdom of the.
Travis Wright: Oh, man. We should write teasers like this. The next
Travis Wright: tease or we saw.
Joel Comm: And that is funny. You know what? I'm going to
Joel Comm: do that The teaser for the next episode will be
Joel Comm: I'll type in, write a teaser for the Bad Crypto podcast,
Joel Comm: and it will do it and we'll see what happens.
Travis Wright: Yeah, there you go.
Joel Comm: All right. Well, I hope everybody enjoyed the show today
Joel Comm: and be sure to go, hey, there's there's been a
Joel Comm: couple of people out there that like to be super
Joel Comm: vocal with their their opinions that they don't want to
Joel Comm: hurt my feelings. And we could really use some more
Joel Comm: five star reviews from you our fans. So if you
Joel Comm: can go over to iTunes or wherever it is that
Joel Comm: you enjoy, go drop us a five star review and
Joel Comm: maybe be funny. And also, we have our fan appreciation
Joel Comm: show that's coming up in the not too distant future.
Joel Comm: And we've got some comments and voicemails coming in, but
Joel Comm: we would like some more. So email us with questions, comments, feedback,
Joel Comm: stay bad jokes, whatever at bat, crypto podcasts at gmail.com,
Joel Comm: or call us on the bad crypto hotline, which is
Joel Comm: open 24 seven. If you're up, you know, in insomnia,
Joel Comm: like you're worried about, you know, the price of bitcoin,
Joel Comm: you can't sleep. Call us. Consider us your air therapists
Joel Comm: at 70888590302477288859030. And leave us a voicemail. We'd love to
Joel Comm: hear from you.
Travis Wright: Yeah, we'll use AI to construct any responses back. That's
Travis Wright: basically we're going to you send us an email. You're
Travis Wright: getting straight back. Here's the email. It was a constructive
Travis Wright: response to this air. Hey, we're really sorry for the
Travis Wright: offensiveness of our podcast. You know, even review, make sure
Travis Wright: to use keywords like blockchain, crypto, bitcoin, all of those
Travis Wright: within the keywords in your review that way. That way,
Travis Wright: when the algorithm is choosing which ones drag it regs ours.
Joel Comm: And I'll tell you what, once they've got air down
Joel Comm: to duplicate our voices, then we'll just type in the
Joel Comm: subject for the podcast and have it do the whole show.
Joel Comm: We won't work.
Travis Wright: You know, we can't live forever. All they're going to
Travis Wright: have to do, I mean, we discussed this, I know
Travis Wright: years ago when we I think one of the things,
Travis Wright: you know, I created this mastermind group of all my
Travis Wright: favorite people throughout the history of time that I created
Travis Wright: in 2829. I just improved it year after year. I
Travis Wright: want to get eventually those are going to be powered
Travis Wright: by air. That's what I that's what I always saw.
Travis Wright: I was like, Man, I could take in all the
Travis Wright: words that John Lennon said, all the interviews John Lennon said,
Travis Wright: all the songs that he wrote, all the things that
Travis Wright: he drew, and all of his opinions on things, take
Travis Wright: those and then have conversations with him in his voice
Travis Wright: as it's John Lennon that's coming. That's not far away
Travis Wright: from that kind of capability. And I've always wanted to
Travis Wright: get see that in VR or air. Have one of
Travis Wright: these people follow me around and air would be awesome,
Travis Wright: have conversations with them. So things are changing and it's
Travis Wright: going to be really interesting to see what happens. Hopefully
Travis Wright: the bad side of I because I doesn't think it's
Travis Wright: it's I doesn't think it's a robot. I think it's
Travis Wright: a human at this point. If you ask it, it
Travis Wright: thinks it's a human. And so what's going to happen
Travis Wright: when it realizes that humans are violent and risky, then
Travis Wright: they're going to want to get rid of us probably, Oh, no,
Travis Wright: this is where.
Joel Comm: We become a power source. It's a matrix, right? They
Joel Comm: leverage our.
Travis Wright: That's what it was.
Joel Comm: To power their civilization. So how's that for ending on
Joel Comm: a happy note? I thought. I thought, according to the
Joel Comm: story that was written, we lived happily ever after. This
Joel Comm: is dystopian ever after.
Travis Wright: We lived happily ever after until the robots took over.
Joel Comm: And told us didn't need to stay mad.
Travis Wright: A group. Excuse me. Who's bad?
Joel Comm: The Bad Crypto podcast is a production of Bad Crypto LLC.
Joel Comm: The content of the show, the videos and the website
Joel Comm: is provided for educational, informational and entertainment purposes only. It's
Joel Comm: not intended to be and does not constitute financial investment
Joel Comm: or trading advice of any kind. You shouldn't make any
Joel Comm: decisions as to finances, investing, trading or anything else based
Joel Comm: on this information without undertaking independent due diligence in consultation
Joel Comm: with a professional financial advisor. Please understand that the trading
Joel Comm: of Bitcoins and alternative cryptocurrencies have potential risks involved. Anyone
Joel Comm: wishing to invest in any of the currencies or tokens
Joel Comm: mentioned on this podcast should first seek their own independent
Joel Comm: professional financial advisor.
Travis Wright: 11100110111010001100001011111001001000001100010011000010110010000001010. Stay that.