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Speaker 2: With your predictions of twenty twenty five. I guess some
Speaker 2: people asking about bitcoin. So if you can start with bitcoin,
Speaker 2: that would be great. And I know that some of
Speaker 2: the questions have been let me, let me just throw
Speaker 2: one of them out. Is any insurance for that? Do
Speaker 2: you know about that? Because you're you have a digital currency,
Speaker 2: which is cloud coin, but you know about the other
Speaker 2: things that are happening. Uh So, I think that was
Speaker 2: one of the questions, was about safeguards.
Speaker 3: Question to answer because there's major forces for it and
Speaker 3: major forces against it. Like one of the major forces
Speaker 3: for it is that Trump has said that he wants
Speaker 3: to create a national bitclean reserve. Well, he does that,
Speaker 3: he's going to pump in a whole bunch of money
Speaker 3: into that, and it's probably going to increase the price. However,
Speaker 3: there is a usage a bitclean is down and there
Speaker 3: is a backlash against it, I guess you could say,
Speaker 3: And there's a book that just came out very critical
Speaker 3: of it, and of course I've been very critical for
Speaker 3: it for a long time, just because it's becoming centralized.
Speaker 3: One of the biggest problems it has. Well, I just
Speaker 3: give you my own experience. I decided to buy bitcoin
Speaker 3: with a cash app, and I did buy some and
Speaker 3: I went to send it and cash app asked me,
Speaker 3: what are you going to use it for? You know, oh,
Speaker 3: we get to and so I said my mother, and
Speaker 3: it said okay, well give us two days, we'll come back,
Speaker 3: and they basically locked up the account because you know
Speaker 3: it's there. It's called what's called a custodial wallet. They
Speaker 3: have it, and they could shut it down anytime that
Speaker 3: you want. I'm like, wow, this is really not what
Speaker 3: I had in mind when when I came to bitcoin.
Speaker 3: So I went to start my own wallet, which is
Speaker 3: on my You have to download all of this software,
Speaker 3: and it was the same that's going to take me
Speaker 3: two hundred and eighty five days to download it, and
Speaker 3: my hard drive wasn't big enough, so I had to
Speaker 3: change servers to This massive service is going to cost
Speaker 3: like three hundred dollars a month in bandwidth and electricity.
Speaker 3: So bitcoin has lost its decentralization. That makes you have
Speaker 3: to have custodial wallets. Nobody can have their own full
Speaker 3: wallets anymore. It's too expensive.
Speaker 2: Oh no, and you know the thing that you know.
Speaker 2: I was crypto Connie for a while. That's how we
Speaker 2: met years back. One of the things that a lot
Speaker 2: of people think that bitcoin in the cryptocurrency world and
Speaker 2: the people in it don't know. I mean they know
Speaker 2: this the people that are in it, but the people
Speaker 2: outside of it, like wanting to learn more about it,
Speaker 2: which is a bigger audience. They don't realize it's not private.
Speaker 2: That is the difference with yours than than the cryptocurrency.
Speaker 2: Yours is private, and that would be wrong for them
Speaker 2: to say, who are you going to send it to? Right,
Speaker 2: I mean, wouldn't that be That's not right. I like
Speaker 2: the privacy. I don't want people don't need to know
Speaker 2: where my money's going.
Speaker 3: Right, absolutely not. And so bitcoin uses something called obscurity
Speaker 3: to hide who's doing what. And according to the Nationalist
Speaker 3: to the standards, obscurity is absolutely terrible way of trying
Speaker 3: to get security, and in fact security is system an illusion.
Speaker 3: I know, people who have AI machines, they just go
Speaker 3: through the entire blockchain because it's public hoe they can
Speaker 3: see it and they can figure out who's doing what,
Speaker 3: and they can make all of the connections that they
Speaker 3: want so that they know every way and what they're trade.
Speaker 3: So it's a complete illusion on all of these cryptocurrens
Speaker 3: us except for I'm going to say Manaro, there might
Speaker 3: be a few other ones are really not secure. If
Speaker 3: the government knows how to hack Manaro, then that one's
Speaker 3: not security either. So my mind doesn't require user accounts,
Speaker 3: doesn't You don't have to log in, you don't have
Speaker 3: to have a password, there's no records that are being
Speaker 3: there's no transactions at all, and the transactions take place
Speaker 3: outside of the system. You don't have any transmissions which
Speaker 3: might cause you to break the law because the system
Speaker 3: just authenticates. It just looks at your mind says whether
Speaker 3: it's counterfeit or not.
Speaker 2: Much more so, tell me about twenty twenty five and
Speaker 2: what you think is going to happen with bitcoining, with
Speaker 2: maybe what you're doing and money in general, and the
Speaker 2: new administration, how that's going to work out with all this,
Speaker 2: If it's going to be better or worse, it's.
Speaker 3: Going to be so much better with Trump because he's
Speaker 3: going to replace all of the folks that are in
Speaker 3: there now. They're absolutely anti crypto, Like we've got the
Speaker 3: security and Exchange Commission, the SEC. The director there, Gary Ginfler,
Speaker 3: he does not like crypto and he's been suing the
Speaker 3: hell out of crypto companies like mine, and it's just
Speaker 3: put this big, dark shadow on everything. Nobody wants to
Speaker 3: do anything. And so that the reign of care will
Speaker 3: be gone, he's being replaced with a libertarian. In fact,
Speaker 3: the Trump administrator administration is creating this a I'm sorry,
Speaker 3: I call a crypto zar, and that person's going to
Speaker 3: have the authority over the crypto and it's going to
Speaker 3: take that authority away from every government department is trying
Speaker 3: to take over. So that's going to be a big help.
Speaker 3: We've got all these de banking efforts being done by
Speaker 3: the current FDIC, those chairmen, you know, the people that
Speaker 3: run that are going to be gone, and that's been
Speaker 3: a big problem. I had an investor who owned this business.
Speaker 3: He's makes millions of dollars every year and he's had
Speaker 3: this bank account for thirty years, and when they found
Speaker 3: out that he was doing some stuff with crypto, they
Speaker 3: seized his bank account and locked him out. And they
Speaker 3: block them out on PayPal, on Western Union, on all
Speaker 3: these different platforms, and so he's being debanked, and he's
Speaker 3: being debanked by the banking system that we have. We
Speaker 3: have right now, it's a reserve and fdi C that
Speaker 3: are threatening this banks that they do anything with crypto,
Speaker 3: that you have any customers do it anything with crypto,
Speaker 3: that they're going to lose their license and that's very
Speaker 3: stray thing for banks.
Speaker 2: I'm going to change the subject a little bit because
Speaker 2: I was reading your LinkedIn profile doing investigating you a
Speaker 2: little bit more, Sean and learn a little bit more
Speaker 2: of your updated stuff. But your goal this year was
Speaker 2: to create a new let me see if I get
Speaker 2: this rights out of memory. It was a nonprofit organization.
Speaker 2: I think it was called the Perfect Money Foundation.
Speaker 3: Yes, that's right.
Speaker 2: Well what's that about.
Speaker 3: Well, we have there's a lot of competing theories about
Speaker 3: monetary thoughts, and there's something there's a new one called
Speaker 3: the so called modern monetary theory, and this is something
Speaker 3: that the Biden administration embraced. And the idea is that
Speaker 3: you don't have to worry about deficits. You can print
Speaker 3: up money and all you want, and if something goes
Speaker 3: wrong and you get inflation, then all you have to
Speaker 3: do is raise taxes. And that idea is very wrong,
Speaker 3: and I haven't seen any other theories that to come
Speaker 3: against it or alternatives. And so that's where I created
Speaker 3: the Perfect Money Foundation, and it has a whole philosophy
Speaker 3: about what we should do and how we should treat money.
Speaker 3: And one of them is the Fourth Amendment, or actually
Speaker 3: it's an amendment to the Constitution that would create a
Speaker 3: fourth branch of governments and this branch would be independent
Speaker 3: of all other branches, and it would just be in
Speaker 3: charge of administrating money, and it wouldn't print up any
Speaker 3: new money. It would use and techniques like splitting if
Speaker 3: it ever do need more money, which everybody would get
Speaker 3: more money. It would just keep the monetary supply available
Speaker 3: and with integrities they can counterfeit and with its complete privacy.
Speaker 3: So that's the idea, and we'll see if if that
Speaker 3: happens around that catches on. I hope it will. Well.
Speaker 2: I like the privacy part, I mean, because I mean
Speaker 2: we've all always kind of had that before. You would
Speaker 2: have your money in your pocket, you know, and you
Speaker 2: would spend it wherever. You would use cash. It's kind
Speaker 2: of rare to use cash. I actually sold one of
Speaker 2: my chocolate bars to someone and they gave me cash
Speaker 2: and I was like, what do I do with this?
Speaker 2: I got to put that in and somehow record it
Speaker 2: with the business.
Speaker 3: Is absolutely wonderful because there's no intermediate they can shut
Speaker 3: it down, like if we go to user ATM card
Speaker 3: and it says out of money even though you've got
Speaker 3: thousands of dollars in there, because it's ridiculous. So having
Speaker 3: with the age of identity theft where the banks don't
Speaker 3: know who's got the card and who's spending it, cash
Speaker 3: is absolutely wonderful. Pushing the driving seat. Nobody's been able
Speaker 3: to figure out how to create a digital cash. I have,
Speaker 3: and I think it's really worth taking a look at.
Speaker 2: And so who needs Who is the person that needs
Speaker 2: to see your digital currency, your cloud coin? Who is
Speaker 2: it that needs to see that that can make the difference?
Speaker 2: Is this something like you take to Elon Trump, Biden.
Speaker 2: Anybody who sees this, they can go, let's do this.
Speaker 3: Well, there's some problems with cloud coin, and the problem
Speaker 3: is is that the government is absolutely frightened of it.
Speaker 3: And so when we went to apply to because the
Speaker 3: stable token of the State of Wyoming, they want to
Speaker 3: be able to survey on people. They want to be
Speaker 3: able to detect They want to have you know, analytic
Speaker 3: engines AI plugged into the system so they can detect
Speaker 3: any kind of well, you know, they say that they
Speaker 3: want to be able to detect money laundering, that sort
Speaker 3: of thing, the financial crimes, and they want to be
Speaker 3: able to freeze people's cash. That they want to that's.
Speaker 2: The whole reason and why you made it too, so
Speaker 2: they won't do that kind of stuff, that's.
Speaker 3: Right, And they're afraid that the federal government's going to
Speaker 3: come after them, and so they want to have these
Speaker 3: back doors that the federal government can come in and
Speaker 3: you know, regulat or do what they ever they're doing.
Speaker 3: So you have to have a braveness. You have to
Speaker 3: have the ability to say, we want of a currency.
Speaker 3: It is going to be absolutely private and secure. And
Speaker 3: the President of the United States can't go in there,
Speaker 3: that the judges can't go in there, the legislative branch
Speaker 3: can't go in there. It's got to be its own thing.
Speaker 3: And that is something that's going to take a lot
Speaker 3: of bravery. And we've got to understand that money is
Speaker 3: the foundation of civilization. If they don't have it, they
Speaker 3: don't have civilization, but everything's can fall apart, and we
Speaker 3: need it to be private. Private is not just to
Speaker 3: protect people that are looking at chornography or something. The
Speaker 3: privacy keeps our keeps ball Rock or these major tech
Speaker 3: giants from stealing all of our secrets, knowing what we're doing,
Speaker 3: undercutting us, manipulating us, knowing what our weak spots are
Speaker 3: getting our money. Basically, it's absolutely essential.
Speaker 2: Is there something out there right now that they are
Speaker 2: looking at? Are they even looking for something totally like
Speaker 2: this is what you have and they just haven't seen it,
Speaker 2: or they've seen something else similar. Is any of that happening?
Speaker 3: You know, I've been quite disappointing actually, and you know,
Speaker 3: just trying to get on exchange. You know that they
Speaker 3: don't take privacy coins and oh that's not blockchain. They
Speaker 3: all love the blockchain. That's the only thing that there is.
Speaker 2: It's not private at all. That's not private at all.
Speaker 2: Everybody else, every move you make.
Speaker 3: It's not private. It's slow and it's and the major
Speaker 3: problem is is that everybody is scared of losing their keys.
Speaker 3: And it's not just it's the people like me about
Speaker 3: losing my keys. And so you need a way to
Speaker 3: mitigate loss and theft, so that I can take my
Speaker 3: money and I can put it in different places. I
Speaker 3: can hide it someone at the blanket, some in the
Speaker 3: USB drive or whatever and not get bobbed all at once,
Speaker 3: and if I want to put it in a bank,
Speaker 3: be able to put it in the bank too. You
Speaker 3: know where the bank will take.
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