1 00:00:04,600 --> 00:00:07,680 Speaker 1: So the big question is this, how do investors like 2 00:00:07,920 --> 00:00:11,800 Speaker 1: us get access to the ideas, information, and most importantly, 3 00:00:12,039 --> 00:00:14,880 Speaker 1: the right people that give us the tools and information 4 00:00:14,960 --> 00:00:19,000 Speaker 1: we need to make conformed and educated decisions to have success. 5 00:00:19,600 --> 00:00:22,360 Speaker 1: That is the question, and this podcast will give us 6 00:00:22,360 --> 00:00:25,520 Speaker 1: the answers. This is Mark Moss, your host. Let's get 7 00:00:25,520 --> 00:00:29,240 Speaker 1: this started. Welcome back to another episode of the Market 8 00:00:29,240 --> 00:00:34,640 Speaker 1: Disruptors podcast. We like to talk about disruptive technologies, disruptive companies, 9 00:00:34,960 --> 00:00:38,840 Speaker 1: people who are building and doing things in these disruptive industries. 10 00:00:39,360 --> 00:00:44,199 Speaker 1: Today we're talking with Robert Beatles from Monarch Wallet, and 11 00:00:44,320 --> 00:00:46,519 Speaker 1: Robert is one of the hardest working men in crypto. 12 00:00:46,800 --> 00:00:51,200 Speaker 1: He is traveling NonStop at the conferences at the forefront, 13 00:00:51,240 --> 00:00:54,080 Speaker 1: talking to people, rubbing shoulder to shoulder with the movers 14 00:00:54,080 --> 00:00:56,720 Speaker 1: and the shakers, and he's one himself. He has been 15 00:00:56,800 --> 00:00:59,480 Speaker 1: building in this space for a couple of years um 16 00:00:59,520 --> 00:01:01,600 Speaker 1: in a really good area in uh In, in the 17 00:01:01,640 --> 00:01:05,560 Speaker 1: space that's really tying all these projects together and securing 18 00:01:05,720 --> 00:01:07,840 Speaker 1: your coins. So let's jump right in. We're gonna talk 19 00:01:07,880 --> 00:01:13,480 Speaker 1: to Robert Beatles. Everybody, Welcome to the Market Disruptors. I 20 00:01:13,480 --> 00:01:17,720 Speaker 1: am here with Robert Beatles from Monarch, but also from 21 00:01:17,760 --> 00:01:22,600 Speaker 1: many other things as well. Um, welcome, hey man, thanks 22 00:01:22,600 --> 00:01:25,640 Speaker 1: for having I really appreciate it. Yeah. Now, uh, I 23 00:01:25,680 --> 00:01:29,320 Speaker 1: know you're really big on YouTube. I've met you at uh, 24 00:01:29,319 --> 00:01:31,560 Speaker 1: I've been at several conferences with you. I know you're 25 00:01:31,600 --> 00:01:35,800 Speaker 1: really out there pushing uh, the the education or at 26 00:01:35,840 --> 00:01:38,759 Speaker 1: least the awareness adoption phase, right that it's a big 27 00:01:38,760 --> 00:01:41,319 Speaker 1: piece of what you're doing. Yeah, I mean that's you know, 28 00:01:41,360 --> 00:01:42,880 Speaker 1: that's kind of how I got into it. Right. So 29 00:01:42,959 --> 00:01:45,760 Speaker 1: back in two eleven, a guy named Max Kaiser you know, 30 00:01:45,800 --> 00:01:49,480 Speaker 1: opened my eyes to bitcoin and basically all the world 31 00:01:49,480 --> 00:01:51,160 Speaker 1: of value that it brings to us. Right, And so 32 00:01:51,240 --> 00:01:53,520 Speaker 1: from then on, I've been kind of bit by the 33 00:01:53,560 --> 00:01:56,640 Speaker 1: crypto bug, and my friends and family and whatnot knew 34 00:01:56,640 --> 00:01:59,760 Speaker 1: that I was in crypto. And so around when the 35 00:02:00,000 --> 00:02:02,720 Speaker 1: when the market got crazy hot, everybody decided that they 36 00:02:02,720 --> 00:02:04,560 Speaker 1: wanted to get into crypto, but they didn't really know 37 00:02:04,600 --> 00:02:06,960 Speaker 1: anything about it. So they asked me to create, you know, 38 00:02:07,160 --> 00:02:09,880 Speaker 1: basically a YouTube video that they could all go to 39 00:02:10,000 --> 00:02:13,000 Speaker 1: and kind of learn the inner workings of how crypto works, 40 00:02:13,639 --> 00:02:15,520 Speaker 1: how they buy it, how they sell it, how they 41 00:02:15,560 --> 00:02:17,959 Speaker 1: stored all that kind of stuff, and it just kind 42 00:02:17,960 --> 00:02:20,320 Speaker 1: of kind of life of its own, right, So start 43 00:02:20,360 --> 00:02:22,320 Speaker 1: off like that, they loved it. Then they asked me 44 00:02:22,360 --> 00:02:26,360 Speaker 1: to start kind of reviewing projects. Then basically you know, 45 00:02:26,440 --> 00:02:29,000 Speaker 1: covering projects. Next thing, you know, I've done like a 46 00:02:29,040 --> 00:02:32,760 Speaker 1: thousand interviews and probably aired only three fifty of them 47 00:02:32,840 --> 00:02:35,799 Speaker 1: or something like that. But that's kind of how we 48 00:02:35,800 --> 00:02:37,640 Speaker 1: we get onto the YouTube side of things. I mean, 49 00:02:37,680 --> 00:02:40,800 Speaker 1: I've I have a software company. We build you know, 50 00:02:41,280 --> 00:02:44,240 Speaker 1: applications and platforms for people like the United States Post 51 00:02:44,280 --> 00:02:48,640 Speaker 1: Office and so around or so. After you know, really 52 00:02:48,720 --> 00:02:50,600 Speaker 1: looking at the space and all the people in it 53 00:02:50,840 --> 00:02:54,280 Speaker 1: and kind of the lack of easy I guess user 54 00:02:54,360 --> 00:02:57,240 Speaker 1: experience to actually be able to store, send received crypto 55 00:02:57,280 --> 00:02:59,280 Speaker 1: things like that, we decided to come up with monarchs. 56 00:02:59,320 --> 00:03:01,600 Speaker 1: So we built that, you know, for for the people, 57 00:03:01,680 --> 00:03:03,400 Speaker 1: right and from day one we just gave it to 58 00:03:03,520 --> 00:03:06,679 Speaker 1: them for free. People can start using it, and it's 59 00:03:06,720 --> 00:03:08,560 Speaker 1: just it's been a wild ride, man, it's been a 60 00:03:08,560 --> 00:03:11,480 Speaker 1: wild ride. And it's just getting started. Yeah, it is 61 00:03:11,520 --> 00:03:15,720 Speaker 1: just getting started. So I love disruptive technologies. I just 62 00:03:15,800 --> 00:03:18,400 Speaker 1: love the whole idea of what we call creative destruction 63 00:03:18,520 --> 00:03:21,040 Speaker 1: right where it's like the old way is killed off, 64 00:03:21,040 --> 00:03:25,000 Speaker 1: by a new way, new solutions to old problems, and so, um, 65 00:03:25,040 --> 00:03:28,000 Speaker 1: I think cryptocurrency is the most disruptive thing that we've 66 00:03:28,000 --> 00:03:30,880 Speaker 1: ever seen. The Internet was super disruptive. Cryptocurrency is even bigger. 67 00:03:31,160 --> 00:03:33,040 Speaker 1: But I just I love it because I believe it 68 00:03:33,240 --> 00:03:36,640 Speaker 1: creates the biggest opportunity for us. I mean, I love change, 69 00:03:36,880 --> 00:03:38,440 Speaker 1: I love new things. That's just part of me. But 70 00:03:38,600 --> 00:03:40,839 Speaker 1: it creates a really big opportunity for us as as 71 00:03:40,840 --> 00:03:45,280 Speaker 1: investors as well. Now you've been obviously being in crypto, 72 00:03:45,320 --> 00:03:48,240 Speaker 1: you're in a disruptive state, but you're a business owner 73 00:03:48,720 --> 00:03:52,000 Speaker 1: and you've been involved in other disruptive industries. Do you 74 00:03:52,040 --> 00:03:53,960 Speaker 1: look at it that way? Like you do you look 75 00:03:54,040 --> 00:03:58,680 Speaker 1: for opportunities in ways that you can like solve old 76 00:03:58,680 --> 00:04:03,040 Speaker 1: problems with new solutions. Yeah, definitely. Um. You know, before 77 00:04:03,240 --> 00:04:05,040 Speaker 1: coming into the space, you know, I've built one of 78 00:04:05,080 --> 00:04:08,200 Speaker 1: the largest construction service companies in California. So we've got 79 00:04:08,800 --> 00:04:11,520 Speaker 1: a ton of locations, tons of employees, um, And that 80 00:04:11,600 --> 00:04:13,920 Speaker 1: was something that we did there was kind of disrupt 81 00:04:14,080 --> 00:04:16,640 Speaker 1: the existing way of doing things and we've created a 82 00:04:16,640 --> 00:04:20,120 Speaker 1: new model and it's been super successful. And then with crypto, 83 00:04:20,680 --> 00:04:22,440 Speaker 1: you know, like I said, when Max open eyes to it. 84 00:04:22,480 --> 00:04:25,280 Speaker 1: I instantly saw, you know, the value of pure to 85 00:04:25,360 --> 00:04:28,520 Speaker 1: pure transactions and how you don't need a third party anymore. 86 00:04:28,760 --> 00:04:31,640 Speaker 1: So then leveraging that to get more power to the people, 87 00:04:31,760 --> 00:04:34,440 Speaker 1: to allow people to become you know, a monarch. Right 88 00:04:34,480 --> 00:04:36,760 Speaker 1: so because right now, basically the monarchs of the banks, 89 00:04:36,760 --> 00:04:40,880 Speaker 1: the financial institutions, things like that. But with with monarch, 90 00:04:40,920 --> 00:04:43,840 Speaker 1: you actually become your own king, your own queen of 91 00:04:43,880 --> 00:04:47,480 Speaker 1: your personal finances. You actually end up becoming the monarch. 92 00:04:47,520 --> 00:04:49,720 Speaker 1: And so that's kind of the name behind it. And 93 00:04:49,760 --> 00:04:52,840 Speaker 1: so that right there kind of disrupts the the traditional 94 00:04:52,839 --> 00:04:55,120 Speaker 1: system of sorts because you have to rly on all 95 00:04:55,120 --> 00:04:57,400 Speaker 1: these different people for all these different services to have 96 00:04:57,480 --> 00:05:00,240 Speaker 1: access to your funds. And so knowing that, you know, 97 00:05:00,320 --> 00:05:01,960 Speaker 1: we wanted to make sure that people would be in 98 00:05:02,040 --> 00:05:04,120 Speaker 1: charge of their own finances, have their own seed, their 99 00:05:04,120 --> 00:05:06,520 Speaker 1: own key, nobody could take their money from them, They 100 00:05:06,520 --> 00:05:08,560 Speaker 1: could go anywhere in the world and basically pay for 101 00:05:08,600 --> 00:05:11,159 Speaker 1: goods and services, and so that was you know, really 102 00:05:11,320 --> 00:05:13,760 Speaker 1: key for us. You know, pun intended was to be 103 00:05:13,760 --> 00:05:16,599 Speaker 1: able to allow people to you know, rule their financial kingdom, 104 00:05:16,600 --> 00:05:19,120 Speaker 1: and so that was an easy way to start, um, 105 00:05:19,240 --> 00:05:21,680 Speaker 1: you know, disrupting Um, the old way of doing things, 106 00:05:21,720 --> 00:05:24,360 Speaker 1: so to speak, giving people access to their money. It 107 00:05:24,480 --> 00:05:26,920 Speaker 1: sounds like a simple idea, but it really isn't. If 108 00:05:26,920 --> 00:05:28,440 Speaker 1: you go anywhere and you have a bank of card, 109 00:05:28,520 --> 00:05:29,960 Speaker 1: you know, like an a T M card or something 110 00:05:30,040 --> 00:05:32,359 Speaker 1: like that, and say you go to Vegas and you 111 00:05:32,360 --> 00:05:34,280 Speaker 1: want to pull out a thousand bucks. You may have 112 00:05:34,360 --> 00:05:36,960 Speaker 1: a million bucks in your account, but bank decides, you 113 00:05:36,960 --> 00:05:38,640 Speaker 1: know what, you know, we're not gonna give it to you, 114 00:05:38,880 --> 00:05:40,880 Speaker 1: Luke Shady or you know, we don't agree with what 115 00:05:40,960 --> 00:05:42,640 Speaker 1: you're gonna be spending. An honor for whatever reason, you 116 00:05:42,680 --> 00:05:44,880 Speaker 1: don't have access to your funds, and so just giving 117 00:05:44,880 --> 00:05:46,640 Speaker 1: people access to their funds anywhere in the world is 118 00:05:46,640 --> 00:05:49,560 Speaker 1: pretty disruptive. And that's just the start. So if you want, 119 00:05:49,640 --> 00:05:51,720 Speaker 1: we can talk more about it. But I definitely, uh, 120 00:05:51,800 --> 00:05:54,120 Speaker 1: you know, I definitely love disruptive technology. All it does 121 00:05:54,120 --> 00:05:56,320 Speaker 1: is bring more benefit to to the world, to the people, 122 00:05:56,360 --> 00:05:59,720 Speaker 1: to the consumers. And so you're definitely right. There's lots 123 00:05:59,720 --> 00:06:01,600 Speaker 1: of coportunities out there. You just gotta figure out what 124 00:06:01,640 --> 00:06:04,240 Speaker 1: you're good at, what you're passionate about, and then uh 125 00:06:04,440 --> 00:06:09,440 Speaker 1: do it. Um, that's funny. I have to kick myself 126 00:06:09,440 --> 00:06:11,359 Speaker 1: a little bit because I never picked up on the 127 00:06:11,440 --> 00:06:15,240 Speaker 1: name monarch and in that in that term. Um so 128 00:06:15,320 --> 00:06:18,400 Speaker 1: but but I but I love it. Um I actually um, 129 00:06:18,440 --> 00:06:21,039 Speaker 1: I used to subscribe to a newsletter called Sovereign Man, 130 00:06:21,760 --> 00:06:25,000 Speaker 1: and uh, Simon Black writes it and and it's all 131 00:06:25,040 --> 00:06:29,560 Speaker 1: about being sovereign, and it's all about planting sovereign flags 132 00:06:29,680 --> 00:06:31,920 Speaker 1: right all and not just having my whole life in 133 00:06:31,920 --> 00:06:34,400 Speaker 1: one country, but really being a sovereign man. And and 134 00:06:34,680 --> 00:06:37,440 Speaker 1: that that was when I first started hearing about bitcoin 135 00:06:37,520 --> 00:06:41,360 Speaker 1: in the early thirteen fourteen fifteen. Uh. And uh, that's 136 00:06:41,400 --> 00:06:44,120 Speaker 1: what attracted me to it was being able to be sovereign, right, 137 00:06:44,120 --> 00:06:45,760 Speaker 1: take my money. So the same thing that you're saying, 138 00:06:45,760 --> 00:06:48,120 Speaker 1: I just I never caught up on the monarch term. 139 00:06:48,160 --> 00:06:53,919 Speaker 1: So that's pretty cool. Um you are what's that You 140 00:06:53,960 --> 00:06:56,640 Speaker 1: are your own king or you are your own queen. Yeah, yeah, 141 00:06:56,680 --> 00:06:59,760 Speaker 1: I like that. Um. You know, it is a massive shift, 142 00:06:59,800 --> 00:07:02,040 Speaker 1: like you're saying, and and and it's probably the biggest 143 00:07:02,040 --> 00:07:05,200 Speaker 1: shift we'll ever see where um, we're so used to 144 00:07:05,640 --> 00:07:10,680 Speaker 1: having things centrally controlled for us and money obviously as 145 00:07:10,680 --> 00:07:14,080 Speaker 1: we're talking about, but even our shopping or even our news, 146 00:07:14,240 --> 00:07:18,040 Speaker 1: or even our our food production everything essentially controlled. And 147 00:07:18,120 --> 00:07:22,600 Speaker 1: so now to have our our money, but really our value, 148 00:07:23,600 --> 00:07:25,080 Speaker 1: to be able to have control that without that being 149 00:07:25,200 --> 00:07:27,960 Speaker 1: centrally controlled, I'm being able to transfer that peer to 150 00:07:28,000 --> 00:07:30,679 Speaker 1: peer without somebody in the middle. That's a massive shift. 151 00:07:30,720 --> 00:07:34,120 Speaker 1: Do you think that's a gonna be a big point, 152 00:07:34,200 --> 00:07:35,880 Speaker 1: a big area that people are going to have to 153 00:07:35,880 --> 00:07:38,920 Speaker 1: get over to really see that adoption happen. Yeah, I mean, 154 00:07:39,000 --> 00:07:41,320 Speaker 1: right now, the hardest part of adoption we have is 155 00:07:41,680 --> 00:07:44,240 Speaker 1: it's just too confusing for people to use, you know 156 00:07:44,240 --> 00:07:46,280 Speaker 1: what I mean, It's it's a really sucky user experience. 157 00:07:46,480 --> 00:07:49,760 Speaker 1: And so people, um, you know, like the true crypto um, 158 00:07:49,840 --> 00:07:52,720 Speaker 1: you know, I guess uh, you know, the crypto savvy. 159 00:07:53,000 --> 00:07:55,760 Speaker 1: You know, they even have a difficult time navigating kind 160 00:07:55,760 --> 00:07:58,160 Speaker 1: of the waters that they are in front of us, right, 161 00:07:58,680 --> 00:08:01,080 Speaker 1: and so you can see that people they'll give up 162 00:08:01,120 --> 00:08:04,320 Speaker 1: their freedoms just for you know, just for having an 163 00:08:04,320 --> 00:08:06,720 Speaker 1: easier experience. You see that, you know in government, you 164 00:08:06,760 --> 00:08:09,920 Speaker 1: see that with people's rights and all that kind of stuff. 165 00:08:09,960 --> 00:08:12,520 Speaker 1: But if you look even like last night finance, whether 166 00:08:12,560 --> 00:08:15,000 Speaker 1: it was hacked internally, whether it was hacked you know, 167 00:08:15,040 --> 00:08:17,360 Speaker 1: by an outside force, people that leave their funds there, 168 00:08:18,160 --> 00:08:20,680 Speaker 1: you know, can potentially lose them because they're using a 169 00:08:20,720 --> 00:08:24,040 Speaker 1: centralized entity with things like monarch that's decentralized. And when 170 00:08:24,080 --> 00:08:27,679 Speaker 1: you start getting into decentralized finance, you are the weakest link. 171 00:08:27,880 --> 00:08:31,400 Speaker 1: You are the one that is ultimately responsible for your finances. 172 00:08:31,440 --> 00:08:33,360 Speaker 1: So if you lose your seed or you lose your 173 00:08:33,440 --> 00:08:36,440 Speaker 1: key or whatever, then you know, you may lose your funds. 174 00:08:36,480 --> 00:08:40,360 Speaker 1: But the chances of somebody you know, hacking your decentralized 175 00:08:40,400 --> 00:08:43,199 Speaker 1: wallet is basically the same chance as of somebody hacking 176 00:08:43,200 --> 00:08:46,319 Speaker 1: the Bitcoin blockchain or the Ethereum blockchain. And so when 177 00:08:46,360 --> 00:08:49,240 Speaker 1: people understand that and they realize what power that they wield, 178 00:08:49,679 --> 00:08:51,600 Speaker 1: then they'll be like, wow, why would I ever give 179 00:08:51,600 --> 00:08:53,600 Speaker 1: this powder to somebody else? But until you have that 180 00:08:53,679 --> 00:08:56,120 Speaker 1: kind of user experience, it's like really easy for them 181 00:08:56,120 --> 00:08:58,600 Speaker 1: to understand. It's they're always going to kind of rely 182 00:08:58,679 --> 00:09:01,720 Speaker 1: on centralized services like Amazon and banks and everything else 183 00:09:01,760 --> 00:09:03,840 Speaker 1: because they're used to it. It's easy, you know. You 184 00:09:03,960 --> 00:09:06,040 Speaker 1: it's like Facebook, get that little thumbs up, but it works. 185 00:09:06,080 --> 00:09:08,480 Speaker 1: They don't really care why it just does. But once 186 00:09:08,520 --> 00:09:10,760 Speaker 1: they realize, oh wow, I can do all this stuff 187 00:09:10,760 --> 00:09:14,480 Speaker 1: without anybody, and I'm you know, basically in control of everything, 188 00:09:14,679 --> 00:09:17,640 Speaker 1: and it's really easy to use people start doing that. Yeah, 189 00:09:18,040 --> 00:09:20,320 Speaker 1: I agree, I mean, we we know. I mean it 190 00:09:20,360 --> 00:09:22,760 Speaker 1: was it Thomas Jefferson and he talked about, you know, 191 00:09:22,840 --> 00:09:26,520 Speaker 1: giving up our freedom for privacy for freedom. Uh, we 192 00:09:26,559 --> 00:09:29,400 Speaker 1: don't deserve either. Everyone is always willing to sacrifice for 193 00:09:29,400 --> 00:09:33,400 Speaker 1: the short term. So I'll sacrifice my sovereignty, I'll sacrifice 194 00:09:33,440 --> 00:09:36,360 Speaker 1: my privacy for convenience. So so we see that. I 195 00:09:36,400 --> 00:09:39,360 Speaker 1: guess that's just a human characteristic. We always want what's easy. Um. 196 00:09:39,400 --> 00:09:42,040 Speaker 1: But at the same time, like I've studied every technological 197 00:09:42,080 --> 00:09:44,520 Speaker 1: revolution for the last couple hundred years, and they all 198 00:09:44,600 --> 00:09:46,800 Speaker 1: kind of they all roll out the same way. And 199 00:09:46,800 --> 00:09:48,320 Speaker 1: if you look at the Internet days, and I know 200 00:09:48,320 --> 00:09:50,400 Speaker 1: you're old enough to remember, I mean in the early 201 00:09:50,480 --> 00:09:52,920 Speaker 1: nineties it wasn't easy to connect to the Internet either. 202 00:09:54,240 --> 00:09:55,960 Speaker 1: But look how far we've come since then. And that's 203 00:09:55,960 --> 00:09:57,800 Speaker 1: what people have to remember. With the blockchain to see 204 00:09:57,800 --> 00:09:59,640 Speaker 1: it all, you know, it was a dark net and 205 00:09:59,720 --> 00:10:01,679 Speaker 1: six the eight Yeah, you know the Internet that we 206 00:10:01,720 --> 00:10:03,920 Speaker 1: see today in ninety four, and then you look at 207 00:10:04,080 --> 00:10:06,080 Speaker 1: Amazon never would have survived in ninety four, but you 208 00:10:06,120 --> 00:10:09,160 Speaker 1: look at them in nineteen and they've made things super simple. 209 00:10:09,280 --> 00:10:11,520 Speaker 1: You're able to do that decentralized it. Hopefully it doesn't 210 00:10:11,520 --> 00:10:14,280 Speaker 1: take us fifteen years, but you'll see that. You know, 211 00:10:14,320 --> 00:10:17,439 Speaker 1: we're definitely on that road as well. Yeah, And I 212 00:10:17,480 --> 00:10:19,959 Speaker 1: just think overall, I always just try to remind people 213 00:10:20,000 --> 00:10:22,760 Speaker 1: that just to be patient, because I think everyone's expecting 214 00:10:22,800 --> 00:10:25,320 Speaker 1: too much too soon. Like you said, the Internet really started, 215 00:10:25,400 --> 00:10:28,720 Speaker 1: you know, at least in the seventies or eighties, really 216 00:10:28,800 --> 00:10:32,440 Speaker 1: publicly in nineteen ninety, but it wasn't until Nive that 217 00:10:32,679 --> 00:10:35,319 Speaker 1: the average person could even somewhat kind of try to 218 00:10:35,440 --> 00:10:39,400 Speaker 1: use that with Netscape coming online. Um and uh and 219 00:10:39,240 --> 00:10:41,880 Speaker 1: and by two thousands or by two thousands, so full 220 00:10:41,880 --> 00:10:45,120 Speaker 1: ten years after kind of that whole public unveiling, only 221 00:10:45,120 --> 00:10:47,200 Speaker 1: ten percent of people have ever bought anything online. And 222 00:10:47,640 --> 00:10:50,760 Speaker 1: we didn't even have broadband internet DSL until two thousand, 223 00:10:50,840 --> 00:10:54,360 Speaker 1: three thirteen years later. So um, you know, when it 224 00:10:54,400 --> 00:10:56,040 Speaker 1: when it comes down to, like you said, it's it's 225 00:10:56,120 --> 00:10:58,800 Speaker 1: it's not easy for the average person. Um. I just 226 00:10:58,800 --> 00:11:00,800 Speaker 1: think that comes with time, and it's just it's just 227 00:11:00,840 --> 00:11:03,560 Speaker 1: being patient. And I understand you as a builder, you're 228 00:11:03,559 --> 00:11:06,320 Speaker 1: really working to try to make that easier um, and 229 00:11:06,360 --> 00:11:09,520 Speaker 1: so those things will come right, Yeah, they definitely will. 230 00:11:09,640 --> 00:11:11,360 Speaker 1: You know, it just comes with you know, it comes 231 00:11:11,360 --> 00:11:13,600 Speaker 1: with patients in time, like you said, but there's things 232 00:11:13,600 --> 00:11:15,120 Speaker 1: that we can do to expedit. It just kind of 233 00:11:15,200 --> 00:11:18,160 Speaker 1: learning from our past failures with centralized systems, so we 234 00:11:18,200 --> 00:11:19,480 Speaker 1: know that what we need to do to kind of 235 00:11:19,520 --> 00:11:21,960 Speaker 1: make things easier for people. And so even with Monarch, 236 00:11:22,440 --> 00:11:23,960 Speaker 1: you know, right now you have to belong to like 237 00:11:24,160 --> 00:11:26,800 Speaker 1: you know, fifteen different exchanges, twenty different exchanges, have twenty 238 00:11:26,800 --> 00:11:30,560 Speaker 1: different wallets, have all these different KYC processes, have all 239 00:11:30,600 --> 00:11:34,200 Speaker 1: these different barriers to entry for people into crypto. And 240 00:11:34,240 --> 00:11:36,840 Speaker 1: so the Monarch wallet isn't like a wallet like just 241 00:11:36,920 --> 00:11:40,120 Speaker 1: for money. It's a wallet for all the best services 242 00:11:40,160 --> 00:11:42,360 Speaker 1: and all the best businesses out there to come under 243 00:11:42,720 --> 00:11:44,880 Speaker 1: you know, one umbrella to be in one wallet for 244 00:11:44,880 --> 00:11:48,599 Speaker 1: for the user to access all these cool services and 245 00:11:48,600 --> 00:11:51,920 Speaker 1: and um, you know, features and companies all from one 246 00:11:51,960 --> 00:11:54,880 Speaker 1: log in process, all from one k y C process, 247 00:11:55,240 --> 00:11:58,000 Speaker 1: all from one app that's gonna be dumbed down to 248 00:11:58,080 --> 00:12:00,640 Speaker 1: where you know, I'll be able to use it if 249 00:12:00,679 --> 00:12:02,480 Speaker 1: I was six years old, you know what I mean. Basically, 250 00:12:02,640 --> 00:12:05,000 Speaker 1: you know, we're just gonna make this this custom user 251 00:12:05,080 --> 00:12:07,120 Speaker 1: experience that no matter what they're trying to do, they'll 252 00:12:07,160 --> 00:12:09,679 Speaker 1: be able to access it from one spot from all 253 00:12:09,720 --> 00:12:11,199 Speaker 1: of our partners. And if you look at what we've 254 00:12:11,240 --> 00:12:13,760 Speaker 1: developed and dropped so far, you know, it's incredible what 255 00:12:13,760 --> 00:12:16,480 Speaker 1: we've already done, you know. Uh, like when we launched, 256 00:12:16,720 --> 00:12:19,520 Speaker 1: we've done more than most people with hundreds of millions 257 00:12:19,520 --> 00:12:21,560 Speaker 1: of dollars of market cap, and we came out with 258 00:12:21,600 --> 00:12:23,520 Speaker 1: our product first, and every week it just gets better 259 00:12:23,520 --> 00:12:25,280 Speaker 1: and better and better, and you can see all the 260 00:12:25,280 --> 00:12:27,840 Speaker 1: partners that we keep bringing on and UM where this 261 00:12:27,920 --> 00:12:30,400 Speaker 1: is going. So I want us to be that one 262 00:12:30,440 --> 00:12:33,080 Speaker 1: spot for people to where they can no matter what 263 00:12:33,080 --> 00:12:34,800 Speaker 1: it is they want to do with crypto or finances, 264 00:12:34,840 --> 00:12:36,760 Speaker 1: will have in one spot and it'll just be one 265 00:12:36,840 --> 00:12:39,680 Speaker 1: easy log in process, one easy k y C process 266 00:12:39,720 --> 00:12:42,480 Speaker 1: for those services that need that. And UM you know, 267 00:12:42,480 --> 00:12:44,240 Speaker 1: hopefully will get there a lot, a lot sooner than 268 00:12:44,280 --> 00:12:48,000 Speaker 1: from nine four to you know, se nineteen. You know, 269 00:12:48,040 --> 00:12:50,480 Speaker 1: it was really like like fifteen nineteen years or something 270 00:12:50,600 --> 00:12:53,360 Speaker 1: in between, like before we really started getting easier for 271 00:12:53,400 --> 00:12:56,360 Speaker 1: people to use and start building own websites and UM, 272 00:12:56,400 --> 00:12:58,280 Speaker 1: but hopefully we'll get there a lot sooner. I'm hoping 273 00:12:58,320 --> 00:13:00,400 Speaker 1: like maybe in the next year that we'll be able 274 00:13:00,400 --> 00:13:02,839 Speaker 1: to do it. Yeah, we definitely will. Right, we can 275 00:13:02,840 --> 00:13:05,760 Speaker 1: look back at every technology cycle has a shorter adoption period. 276 00:13:05,840 --> 00:13:09,800 Speaker 1: So it took the telephone eighty years or seventy years 277 00:13:09,840 --> 00:13:12,280 Speaker 1: to reach eighty percent adoption, But the Internet, I did 278 00:13:12,280 --> 00:13:16,600 Speaker 1: it in fifteen years because the lines were already there, right, Um, 279 00:13:16,880 --> 00:13:19,000 Speaker 1: and the Internet, Uh, you know, the Internet took a 280 00:13:19,000 --> 00:13:20,559 Speaker 1: long time because there was no way to share information. 281 00:13:20,559 --> 00:13:23,240 Speaker 1: But today informations everywhere, everyone's catching on hearing about it 282 00:13:23,240 --> 00:13:28,800 Speaker 1: way fast. The lines are already there, so it definitely will. Now, Um, 283 00:13:28,880 --> 00:13:31,320 Speaker 1: are you are you trying to build something? I mean 284 00:13:31,480 --> 00:13:34,400 Speaker 1: I guess you're You're not necessarily disrupt anything because this 285 00:13:34,480 --> 00:13:37,080 Speaker 1: market is so new. You're actually building something new within 286 00:13:37,120 --> 00:13:39,800 Speaker 1: the marketplace. And that's kind of like a centralized place 287 00:13:39,880 --> 00:13:41,600 Speaker 1: where you can kind of control everything. Like you said, 288 00:13:41,720 --> 00:13:45,040 Speaker 1: is that is that from like uh, exchanging your coins, 289 00:13:45,040 --> 00:13:48,000 Speaker 1: storying your coins, or spending your coins, like all in 290 00:13:48,040 --> 00:13:52,080 Speaker 1: one location, all of it. So imagine if you anything 291 00:13:52,080 --> 00:13:54,360 Speaker 1: and everything crypto, anything you want to do, whether it's 292 00:13:54,480 --> 00:13:57,640 Speaker 1: crypto kidies or a crypto game, or if it's decentralized 293 00:13:57,679 --> 00:14:03,559 Speaker 1: files sharing, whether it's your finance is, whether it's you know, buying, selling, sending, receiving, 294 00:14:03,679 --> 00:14:06,640 Speaker 1: storing crypto, all the different various coins, all the various 295 00:14:06,640 --> 00:14:09,640 Speaker 1: different tokens, anything and everything crypto all held within one 296 00:14:09,679 --> 00:14:12,040 Speaker 1: wallet so that way you can do everything that you 297 00:14:12,080 --> 00:14:14,240 Speaker 1: need from one place. So think about it is like 298 00:14:15,000 --> 00:14:17,760 Speaker 1: one entry point to all the best services and businesses 299 00:14:17,800 --> 00:14:19,680 Speaker 1: out there that we partner with. So I mean, we've 300 00:14:19,680 --> 00:14:22,040 Speaker 1: got some of the biggest and most respected names and 301 00:14:22,080 --> 00:14:24,160 Speaker 1: crypto as our partners, and we just keep adding more 302 00:14:24,200 --> 00:14:26,560 Speaker 1: and more and more every single week. And so they're 303 00:14:26,600 --> 00:14:29,080 Speaker 1: all just going to be plugging into us having access 304 00:14:29,400 --> 00:14:31,760 Speaker 1: to our users, and our users will have access to 305 00:14:31,800 --> 00:14:33,440 Speaker 1: their service and they'll be able to do it all 306 00:14:33,480 --> 00:14:35,600 Speaker 1: from one place. So it's pretty incredible. I've never seen 307 00:14:35,600 --> 00:14:38,560 Speaker 1: anybody to do this before. And um, it comes from 308 00:14:38,600 --> 00:14:40,880 Speaker 1: you know, me being in the space. It comes from 309 00:14:40,960 --> 00:14:43,080 Speaker 1: you know the I guess it's kind of like the 310 00:14:43,080 --> 00:14:45,240 Speaker 1: hassles that I have to deal with to access all 311 00:14:45,240 --> 00:14:48,240 Speaker 1: these different services that that I like, Um, you have 312 00:14:48,280 --> 00:14:50,360 Speaker 1: to belong all these different things, and all the pains 313 00:14:50,360 --> 00:14:52,560 Speaker 1: that I hear about from people trying to come into 314 00:14:52,600 --> 00:14:54,720 Speaker 1: the space, and it just kind of makes sense that, 315 00:14:54,920 --> 00:14:57,080 Speaker 1: like with Monarch, I just build something you know for 316 00:14:57,120 --> 00:15:01,240 Speaker 1: me that I like. And my co founder, Snay adds 317 00:15:01,280 --> 00:15:03,040 Speaker 1: you know, a ton of value. He had a bunch 318 00:15:03,040 --> 00:15:04,600 Speaker 1: of stuff that he didn't like, you know, in the 319 00:15:04,600 --> 00:15:06,680 Speaker 1: crypto space, and so the two of us came together 320 00:15:06,720 --> 00:15:10,280 Speaker 1: and basically build something you know, for us that you know, 321 00:15:10,320 --> 00:15:13,160 Speaker 1: the world you know, would appreciate and use. And we've 322 00:15:13,200 --> 00:15:15,080 Speaker 1: been seeing that just more and more, you know, with 323 00:15:15,120 --> 00:15:18,360 Speaker 1: two and fifty thousand downloads and with our communities just growing, 324 00:15:18,400 --> 00:15:20,960 Speaker 1: you know, astronomically, we can see that we're onto something 325 00:15:20,960 --> 00:15:22,960 Speaker 1: and we're just we're building stuff we would use, you know, 326 00:15:23,040 --> 00:15:25,240 Speaker 1: just like the shirts you know on our YouTube channel 327 00:15:25,280 --> 00:15:27,400 Speaker 1: we give away you know, shirts and hats and stuff 328 00:15:27,440 --> 00:15:29,680 Speaker 1: like that. It's stuff that that I wear, stuff that 329 00:15:29,720 --> 00:15:31,880 Speaker 1: I would use, right I don't, you know, try to 330 00:15:32,000 --> 00:15:33,360 Speaker 1: do any of this stuff to just make a quick 331 00:15:33,360 --> 00:15:35,880 Speaker 1: buck and leave. You know, we've we've made our money. 332 00:15:35,880 --> 00:15:37,840 Speaker 1: God has been great to us. So we're we're building 333 00:15:37,840 --> 00:15:40,080 Speaker 1: stuff for people that they can actually use every single 334 00:15:40,160 --> 00:15:42,960 Speaker 1: day and make their lives you know better, and give 335 00:15:42,960 --> 00:15:45,040 Speaker 1: them basically an interface. It makes it really simple for 336 00:15:45,120 --> 00:15:46,480 Speaker 1: them to do it, to have access to all these 337 00:15:46,520 --> 00:15:49,200 Speaker 1: different services and all these different companies all from one 338 00:15:49,200 --> 00:15:52,840 Speaker 1: place and one a loog and experience. Yeah, So building 339 00:15:52,960 --> 00:15:55,000 Speaker 1: in this space and then working with a bunch of 340 00:15:55,000 --> 00:15:56,600 Speaker 1: these companies like you are, it gives you like a 341 00:15:56,640 --> 00:15:59,760 Speaker 1: different perspective than most people see now. It seems like, 342 00:15:59,800 --> 00:16:02,160 Speaker 1: you know, obviously with bitcoin and ethereum, I mean are 343 00:16:02,160 --> 00:16:04,960 Speaker 1: more decentralized today, it seems like we're seeing a more 344 00:16:05,120 --> 00:16:07,680 Speaker 1: centralized kind of building points. So like most of these 345 00:16:07,680 --> 00:16:10,400 Speaker 1: companies now maybe have equity and there's people building. Do 346 00:16:10,440 --> 00:16:12,960 Speaker 1: you think, uh, it's much easier to build in a 347 00:16:12,960 --> 00:16:18,480 Speaker 1: more centralized manner than like a decentralized manner thousand thousand percent. Yeah. 348 00:16:18,480 --> 00:16:20,960 Speaker 1: I mean, if if you want to create something that 349 00:16:21,000 --> 00:16:23,920 Speaker 1: you know works, that's easy to use, and you and 350 00:16:24,040 --> 00:16:26,360 Speaker 1: you want to basically control everything, yeah, I mean you 351 00:16:26,360 --> 00:16:28,960 Speaker 1: can do that, you know, in a day. But if 352 00:16:29,000 --> 00:16:31,280 Speaker 1: you want to create something that's you know, truly decentralized, 353 00:16:31,360 --> 00:16:33,880 Speaker 1: that or at least a hybrid. I've always said from 354 00:16:33,880 --> 00:16:35,400 Speaker 1: the start, and I've said this for years, that you 355 00:16:35,440 --> 00:16:38,320 Speaker 1: need something that's a hybrid. You need something that's centralized 356 00:16:39,120 --> 00:16:40,960 Speaker 1: for all the bulky stuff and they need something to 357 00:16:41,040 --> 00:16:43,680 Speaker 1: centralize for all the sensitive stuff. So for instance, like 358 00:16:43,680 --> 00:16:46,120 Speaker 1: a YouTube channel. Um, you know, you don't want to 359 00:16:46,160 --> 00:16:48,960 Speaker 1: go throwing all your videos and all your content on 360 00:16:49,000 --> 00:16:52,200 Speaker 1: a blockchain. It doesn't make sense. But you want to 361 00:16:52,240 --> 00:16:54,080 Speaker 1: basically be able to have access to all your fans 362 00:16:54,080 --> 00:16:56,040 Speaker 1: and your subscribers, So that stuff there should be on 363 00:16:56,040 --> 00:16:58,360 Speaker 1: a blockchain that only you and you alone have access to. 364 00:16:58,880 --> 00:17:00,560 Speaker 1: So that would be the central of wise, but the 365 00:17:00,640 --> 00:17:03,520 Speaker 1: video storage would be centralized because it doesn't matter if 366 00:17:03,520 --> 00:17:05,280 Speaker 1: they get rid of your videos. You know, you have 367 00:17:05,320 --> 00:17:07,960 Speaker 1: access to your to your subscribers, to your fans, you know, 368 00:17:08,000 --> 00:17:10,000 Speaker 1: to all those people. So it's the same thing with 369 00:17:10,240 --> 00:17:12,639 Speaker 1: like even with Monarch, everything we've built so far, the 370 00:17:12,680 --> 00:17:15,080 Speaker 1: wallet size is completely decentralized. We don't even have their 371 00:17:15,119 --> 00:17:17,840 Speaker 1: email address. But as we start adding other services and 372 00:17:17,840 --> 00:17:20,960 Speaker 1: we create this platform, and then they'll be centralized aspects 373 00:17:21,000 --> 00:17:22,879 Speaker 1: of it, because you're gonna want to plug in all 374 00:17:22,880 --> 00:17:24,919 Speaker 1: these different services, so there's gonna have to be some 375 00:17:24,920 --> 00:17:28,280 Speaker 1: centralized services. However, all the private stuff, all the stuff 376 00:17:28,280 --> 00:17:30,000 Speaker 1: that you want to keep safe and secure and things 377 00:17:30,040 --> 00:17:32,560 Speaker 1: like that, you know, you'll have access to your you'll 378 00:17:32,560 --> 00:17:34,800 Speaker 1: be able to do that all decentralized, So it needs 379 00:17:34,800 --> 00:17:36,320 Speaker 1: to be a mixture of both. But if you just 380 00:17:36,359 --> 00:17:39,040 Speaker 1: go full centralized, then you're always I mean, why do 381 00:17:39,080 --> 00:17:40,960 Speaker 1: it at all? Why don't just use the traditional system. 382 00:17:41,000 --> 00:17:43,400 Speaker 1: You're basically right back at square one doing the same 383 00:17:43,440 --> 00:17:46,119 Speaker 1: thing we've always done. You're just basically giving your funds 384 00:17:46,119 --> 00:17:48,679 Speaker 1: and your power to somebody else. Yeah, that's exactly right. 385 00:17:48,720 --> 00:17:51,680 Speaker 1: And and for me, the killer app with bitcoin got 386 00:17:51,760 --> 00:17:56,679 Speaker 1: me excited was the censorship resistance ability of that right 387 00:17:56,720 --> 00:18:01,560 Speaker 1: where it's like it whatever I have can't be eased, stolen, manipulated, 388 00:18:01,560 --> 00:18:02,480 Speaker 1: and if I want to send it to you, it 389 00:18:02,520 --> 00:18:04,720 Speaker 1: can't be stopped, blocked, or prevented. So it's that like 390 00:18:04,760 --> 00:18:09,399 Speaker 1: that sent that that decentralized or censorship resistance nature. And uh, 391 00:18:09,480 --> 00:18:13,040 Speaker 1: what scares me is going to more centralized models, is 392 00:18:13,080 --> 00:18:15,879 Speaker 1: that a court order could just change all that. And 393 00:18:15,960 --> 00:18:18,280 Speaker 1: that's what I didn't like about the current system today. 394 00:18:18,280 --> 00:18:19,439 Speaker 1: I mean, if you look at the amount of like 395 00:18:19,440 --> 00:18:22,200 Speaker 1: bank seizures that happen in the United States, it's astronomical, 396 00:18:22,800 --> 00:18:25,600 Speaker 1: and I don't like that. Right, Like, you look at people, 397 00:18:26,080 --> 00:18:28,399 Speaker 1: whether it be Adam Horowitz today or was Julian O 398 00:18:28,480 --> 00:18:30,680 Speaker 1: Songe before and they can't get money, like, they can't 399 00:18:30,680 --> 00:18:32,440 Speaker 1: even get accounts, Like, I don't like that. So it's 400 00:18:32,440 --> 00:18:34,800 Speaker 1: that censorship resistance. And so as you moved to that 401 00:18:34,880 --> 00:18:41,520 Speaker 1: central as a Lasian model, and then you lose that rightable. Yeah, now, um, 402 00:18:42,240 --> 00:18:46,480 Speaker 1: let's talk about last night, but finance was hacked. We 403 00:18:46,520 --> 00:18:48,400 Speaker 1: won't get into the nitty gritty of it, but from 404 00:18:48,560 --> 00:18:51,320 Speaker 1: us looking at it from like a storage perspective, right, 405 00:18:51,320 --> 00:18:54,440 Speaker 1: because uh we we say in the block chain space 406 00:18:54,480 --> 00:18:56,399 Speaker 1: that if you don't have the keys, you don't have 407 00:18:56,440 --> 00:19:01,520 Speaker 1: the coins, right and what's not your keys, not your 408 00:19:01,560 --> 00:19:04,600 Speaker 1: crypto exactly exactly, not your keys, not your crypto. So 409 00:19:05,000 --> 00:19:09,520 Speaker 1: you know, anytime someone's leading their their coins on an exchange, um, 410 00:19:09,600 --> 00:19:14,119 Speaker 1: there there's risk. They're what we call counterparty risk, right. Um, 411 00:19:14,160 --> 00:19:15,679 Speaker 1: but if they hold it in their walllet they have 412 00:19:15,800 --> 00:19:17,640 Speaker 1: risks as well, right, So it's just up to each 413 00:19:17,680 --> 00:19:21,000 Speaker 1: person to like out to weigh the risk and reward 414 00:19:21,200 --> 00:19:24,000 Speaker 1: on that or how do you view that? So basically, 415 00:19:24,080 --> 00:19:26,000 Speaker 1: you know, again, if you're gonna use a centralized service, 416 00:19:26,080 --> 00:19:28,199 Speaker 1: you have to realize that there's risk. So if you're 417 00:19:28,200 --> 00:19:31,040 Speaker 1: going to use an exchange and you're gonna leave your 418 00:19:31,040 --> 00:19:34,760 Speaker 1: crypto on it. You're basically hoping that uh, you know, 419 00:19:34,800 --> 00:19:36,479 Speaker 1: they don't get hacked, they don't steal your money, all 420 00:19:36,480 --> 00:19:38,320 Speaker 1: that kind of stuff. So just know, anything you leave 421 00:19:38,320 --> 00:19:40,879 Speaker 1: on an exchange, you can. And I've always told people 422 00:19:40,880 --> 00:19:43,720 Speaker 1: that from the start that crypto is extremely dangerous, not 423 00:19:43,800 --> 00:19:46,320 Speaker 1: the fact alone that it's volatile, but then you have 424 00:19:46,400 --> 00:19:48,200 Speaker 1: people that just don't really want to steal your money. 425 00:19:48,440 --> 00:19:50,600 Speaker 1: And with finance, it's really hard to say what happened 426 00:19:50,640 --> 00:19:53,159 Speaker 1: there When you have that many employees, that is a 427 00:19:53,240 --> 00:19:55,919 Speaker 1: lot of people. And um, when you have power, power 428 00:19:55,920 --> 00:19:59,400 Speaker 1: corrupts absolute. Power corrupts absolutely. And so if you get 429 00:19:59,440 --> 00:20:01,440 Speaker 1: some some people there that are making you know, five 430 00:20:01,440 --> 00:20:03,160 Speaker 1: bucks an now or fifteen bucks an how or whatever 431 00:20:03,160 --> 00:20:05,119 Speaker 1: they make there, I don't know, and they see all 432 00:20:05,119 --> 00:20:07,399 Speaker 1: this money coming through all the time, it's possible they 433 00:20:07,400 --> 00:20:10,080 Speaker 1: collude and they come up with a way to you know, 434 00:20:10,119 --> 00:20:12,920 Speaker 1: basically you know, fatten their wallets. Yet you know, maybe 435 00:20:12,960 --> 00:20:15,359 Speaker 1: the user's expense, maybe the exchange expense. I don't know. 436 00:20:15,480 --> 00:20:17,320 Speaker 1: I don't know what happened there, but I do know 437 00:20:17,400 --> 00:20:20,800 Speaker 1: that it is very difficult to hack exchanges, and normally 438 00:20:20,960 --> 00:20:23,520 Speaker 1: it's it's normally a blow from within and that might 439 00:20:23,560 --> 00:20:25,320 Speaker 1: have been what happened here. I don't know for certain. 440 00:20:25,359 --> 00:20:27,000 Speaker 1: I haven't looked at the code, I haven't seen the breach, 441 00:20:27,080 --> 00:20:30,199 Speaker 1: but um, it is very difficult to hack people, and 442 00:20:30,240 --> 00:20:32,600 Speaker 1: so I don't I mean, if they did, you know, 443 00:20:32,720 --> 00:20:34,960 Speaker 1: kudos to the hackers that they did, uh, you know, 444 00:20:35,359 --> 00:20:39,520 Speaker 1: an amazing job of getting past you know, all the security. 445 00:20:39,560 --> 00:20:41,880 Speaker 1: But there's there's I would say a more likely chance 446 00:20:41,920 --> 00:20:43,960 Speaker 1: that it probably came from within. So if you're gonna 447 00:20:44,000 --> 00:20:46,440 Speaker 1: leave your your coins, your tokens on exchanges, just know 448 00:20:46,560 --> 00:20:48,800 Speaker 1: you're gonna be susceptible to stuff like that and won't 449 00:20:48,840 --> 00:20:51,159 Speaker 1: always tell people, is it. If you're gonna trade, And 450 00:20:51,160 --> 00:20:52,800 Speaker 1: if you want to be a trader, that's cool, and 451 00:20:52,840 --> 00:20:54,800 Speaker 1: you want to leave you know, tokens or coins on 452 00:20:54,920 --> 00:20:57,639 Speaker 1: on these exchanges, you know, just use you know, be 453 00:20:57,680 --> 00:21:00,080 Speaker 1: safe obviously, but you know, only put on their what 454 00:21:00,080 --> 00:21:01,679 Speaker 1: you're willing to lose number one and number two, what 455 00:21:01,680 --> 00:21:04,600 Speaker 1: you're gonna be trading, if you're storing stuff, if you're chipmunking, 456 00:21:04,640 --> 00:21:06,359 Speaker 1: if you're you know, you get a savings plan and 457 00:21:06,400 --> 00:21:08,399 Speaker 1: you want to huddle this crypt, I'll throw it on 458 00:21:08,480 --> 00:21:11,280 Speaker 1: a decentralized wallet. Man, don't don't leave it on exchange. 459 00:21:11,359 --> 00:21:14,679 Speaker 1: So it's a super risky and dangerous volatility alone. But 460 00:21:14,680 --> 00:21:17,080 Speaker 1: then now you're, like you said, the counterparty risk, it's 461 00:21:17,160 --> 00:21:21,119 Speaker 1: uh scary stuff, so um, but storing it on on 462 00:21:21,160 --> 00:21:24,080 Speaker 1: your own wallet poses a set of risk and dangers 463 00:21:24,080 --> 00:21:25,520 Speaker 1: as well. Right now, I have to rely on my 464 00:21:25,560 --> 00:21:29,000 Speaker 1: own off stack, my own security. Yeah. I mean again, 465 00:21:29,160 --> 00:21:31,199 Speaker 1: you are the weakest link. So if you have a 466 00:21:31,240 --> 00:21:33,840 Speaker 1: decentralized wallet, make sure that you've written down the seed 467 00:21:33,840 --> 00:21:36,080 Speaker 1: to it, make sure you keep it in a secure 468 00:21:36,119 --> 00:21:38,120 Speaker 1: place where only you know. And if you're gonna share 469 00:21:38,119 --> 00:21:39,359 Speaker 1: it with somebody, you know that they can steal all 470 00:21:39,359 --> 00:21:41,040 Speaker 1: your money, right, So if you're gonna share your seed 471 00:21:41,080 --> 00:21:43,760 Speaker 1: with somebody, make sure somebody you trust with your life 472 00:21:43,800 --> 00:21:46,040 Speaker 1: and your money, right, and then just keep that safe. 473 00:21:46,080 --> 00:21:49,919 Speaker 1: If you lose your phone, whatever, you just redownload the wallet, 474 00:21:50,240 --> 00:21:52,280 Speaker 1: put the seed back on it, and poof, like magic, 475 00:21:52,280 --> 00:21:54,560 Speaker 1: all your funds come back. But if you lose your seed, 476 00:21:54,760 --> 00:21:56,840 Speaker 1: you know then yeah, you lost your money. You are 477 00:21:56,840 --> 00:21:58,760 Speaker 1: the weakest link to it, so you just have to 478 00:21:58,800 --> 00:22:01,240 Speaker 1: know that. And then if you really want a really 479 00:22:01,280 --> 00:22:03,680 Speaker 1: cold wallet solution and you don't want to spend money 480 00:22:03,680 --> 00:22:06,080 Speaker 1: for a treasure or you know, like a Ledger and 481 00:22:06,119 --> 00:22:08,199 Speaker 1: that kind of stuff. I always recommend just get one 482 00:22:08,240 --> 00:22:10,399 Speaker 1: of your old phones, you know, down with the monarch wallet, 483 00:22:11,160 --> 00:22:13,880 Speaker 1: transfer you know, whatever funds you want to it, take 484 00:22:13,920 --> 00:22:16,080 Speaker 1: out the SIM card, turn off the WiFi. Now you 485 00:22:16,119 --> 00:22:19,560 Speaker 1: have a completely decentralized, absolutely cold storage wallet that nobody 486 00:22:19,560 --> 00:22:21,679 Speaker 1: can mess with. The only way somebody would ever have 487 00:22:21,800 --> 00:22:23,880 Speaker 1: access to your funds would be if somebody actually had 488 00:22:23,960 --> 00:22:27,119 Speaker 1: the blockchain itself. So, um, just a little tip in 489 00:22:27,119 --> 00:22:30,360 Speaker 1: there for people that I've told people for for years. Yeah, yeah, 490 00:22:30,520 --> 00:22:33,159 Speaker 1: I've I've done that myself as well. Um, when you 491 00:22:33,200 --> 00:22:36,200 Speaker 1: say it's a decentralized wallet, what does that mean and 492 00:22:36,440 --> 00:22:38,920 Speaker 1: how does that compare to I guess I'm more uh 493 00:22:39,200 --> 00:22:43,080 Speaker 1: maybe centralized traditional hot wallet or digital wallet. Sure, so 494 00:22:43,119 --> 00:22:45,680 Speaker 1: I mean it decentralized wallet. Basically, it means that there's 495 00:22:45,720 --> 00:22:49,880 Speaker 1: no there's no power, there's no central party controlling your funds. Right, 496 00:22:49,880 --> 00:22:52,520 Speaker 1: So decentralized takes the power from you know, from the 497 00:22:52,520 --> 00:22:54,080 Speaker 1: one or whatever and gives it to the other and 498 00:22:54,119 --> 00:22:57,919 Speaker 1: the other being you. So you basically have access to 499 00:22:58,040 --> 00:23:01,280 Speaker 1: your funds via a private seed, a private key, and 500 00:23:01,320 --> 00:23:04,480 Speaker 1: so nobody can take your money from you unless actually 501 00:23:04,560 --> 00:23:06,800 Speaker 1: hack a blockchain or something like that. You are the 502 00:23:06,840 --> 00:23:09,720 Speaker 1: weakest link. With the centralized wallet. Basically, your money is 503 00:23:09,720 --> 00:23:13,320 Speaker 1: stored on a corporation's you know wallet, right, it's stored 504 00:23:13,440 --> 00:23:16,520 Speaker 1: on a company's you know, on their ledger. If they 505 00:23:16,560 --> 00:23:19,000 Speaker 1: go you know, bankrupt or if they steal your money, 506 00:23:19,480 --> 00:23:22,680 Speaker 1: you know, you hopefully there's legal ramifications and you'll be 507 00:23:22,720 --> 00:23:25,760 Speaker 1: able to get it back somehow. But what centralized, you're 508 00:23:25,800 --> 00:23:29,320 Speaker 1: completely at the mercy of one person. With decentralized, usually 509 00:23:29,720 --> 00:23:31,960 Speaker 1: it means that you're in charge and you will own 510 00:23:32,000 --> 00:23:33,520 Speaker 1: or in charge of it. I mean, we can get 511 00:23:33,520 --> 00:23:35,520 Speaker 1: fancy and I can explain exactly how it all works. 512 00:23:35,520 --> 00:23:38,720 Speaker 1: But just for you know, for for basics, decentralized means 513 00:23:38,760 --> 00:23:41,560 Speaker 1: you control it. Centralized means they control it. So so 514 00:23:41,640 --> 00:23:44,000 Speaker 1: you you have control of your keys and no, no 515 00:23:44,040 --> 00:23:46,200 Speaker 1: one can do anything. They can't steal your money. They're 516 00:23:46,200 --> 00:23:50,120 Speaker 1: doing transfers without those keys, and you have control of it. Yep, yeah, 517 00:23:50,400 --> 00:23:54,000 Speaker 1: got it? Okay, Yeah, and uh do you have any 518 00:23:54,280 --> 00:23:57,280 Speaker 1: uh I mean to I guess besides what you already said, 519 00:23:57,320 --> 00:24:00,680 Speaker 1: like taking an old Android phone, uh aaring it whatever? 520 00:24:00,720 --> 00:24:03,280 Speaker 1: I mean, that's like the probably the best opset like 521 00:24:03,320 --> 00:24:05,760 Speaker 1: the easiest one that most people can achieve. It's probably 522 00:24:05,760 --> 00:24:09,280 Speaker 1: good enough for the majority of people. Yeah, I like 523 00:24:09,400 --> 00:24:13,560 Speaker 1: Apple myself, androids you know, it's it's good too. It's cheaper. 524 00:24:13,640 --> 00:24:17,120 Speaker 1: So whatever you have laying around, just um, I recommend 525 00:24:17,160 --> 00:24:19,399 Speaker 1: that you down with the Monarch wallet, add your funds 526 00:24:19,440 --> 00:24:21,200 Speaker 1: to it, you know, take out the SIM card, turn 527 00:24:21,240 --> 00:24:23,320 Speaker 1: off the WiFi. It's pretty cheap. One of the things 528 00:24:23,320 --> 00:24:25,320 Speaker 1: that I really don't like about ledgers and treasures and 529 00:24:25,359 --> 00:24:27,359 Speaker 1: all those types are all the software updates that you 530 00:24:27,400 --> 00:24:29,960 Speaker 1: constantly have to do. Not to mention the laundry list 531 00:24:30,000 --> 00:24:32,080 Speaker 1: of bugs and errors that have been published, you know, 532 00:24:32,119 --> 00:24:35,399 Speaker 1: with actual security issues of those hardware wallets, and not 533 00:24:35,440 --> 00:24:38,200 Speaker 1: to mention the costs involved. But it's it's really frustrating 534 00:24:38,200 --> 00:24:40,919 Speaker 1: when you go to access your funds and let's just 535 00:24:40,960 --> 00:24:42,800 Speaker 1: you know, say that the wallet is safe and secure. 536 00:24:42,840 --> 00:24:45,520 Speaker 1: The hardware wallet, Um, you have to do all these updates. 537 00:24:45,600 --> 00:24:47,520 Speaker 1: You know, you need web browsers and plug ins, you 538 00:24:47,520 --> 00:24:49,359 Speaker 1: need all this crazy stuff that you always have to do. 539 00:24:49,600 --> 00:24:51,439 Speaker 1: I used to give away, you know, ledgers on all 540 00:24:51,440 --> 00:24:54,240 Speaker 1: my videos. I would give them away and then after 541 00:24:54,359 --> 00:24:57,040 Speaker 1: using them for a while, I was like no more man. 542 00:24:57,680 --> 00:25:00,840 Speaker 1: So yeah, just find an old device, rip out the SIM, 543 00:25:00,880 --> 00:25:03,280 Speaker 1: turn off the WiFi, make sure you get your seeds 544 00:25:03,320 --> 00:25:06,600 Speaker 1: safe and that is a very very effective and safe 545 00:25:06,640 --> 00:25:10,160 Speaker 1: and cheap way to store your crypto. Yeah. Now, um, 546 00:25:10,280 --> 00:25:13,480 Speaker 1: you are one of the harder working men in in 547 00:25:13,600 --> 00:25:16,080 Speaker 1: the space. Just at least from your travel schedule alone. 548 00:25:16,080 --> 00:25:19,399 Speaker 1: I know, you're at conferences and meetings all the time, 549 00:25:19,800 --> 00:25:21,840 Speaker 1: so you're kind of at the forefront. You're rubbing shoulders 550 00:25:21,840 --> 00:25:24,880 Speaker 1: with the with everybody, the movers and shakers, like, uh, 551 00:25:25,119 --> 00:25:27,040 Speaker 1: what are you what are you seeing? Are there any 552 00:25:27,119 --> 00:25:28,919 Speaker 1: like trends? What do you what do you where do 553 00:25:28,960 --> 00:25:31,280 Speaker 1: you see us going in the next twelve twenty four months? 554 00:25:31,359 --> 00:25:34,480 Speaker 1: I mean anything you can report there. Yeah, we we 555 00:25:34,560 --> 00:25:37,159 Speaker 1: definitely stay busy. And we just got back from conferences, 556 00:25:37,320 --> 00:25:40,360 Speaker 1: um last night, like two o'clock in the morning, so um, 557 00:25:40,440 --> 00:25:42,680 Speaker 1: you know, and I still still building Monarch every day, 558 00:25:42,960 --> 00:25:44,359 Speaker 1: not to mention all the other stuff that we do. 559 00:25:44,440 --> 00:25:48,080 Speaker 1: But yeah, the the sentiment, you know is that they 560 00:25:48,359 --> 00:25:51,720 Speaker 1: feel and again this isn't necessarily financial advice ever, and 561 00:25:51,800 --> 00:25:54,520 Speaker 1: it's not necessarily my opinion, but they think that we're 562 00:25:54,600 --> 00:25:56,760 Speaker 1: kind of out of the woods, and that um, you know, 563 00:25:56,800 --> 00:25:58,439 Speaker 1: this has been a good period of time for us 564 00:25:58,440 --> 00:26:00,800 Speaker 1: to be building and focusing on the tech oology versus 565 00:26:00,840 --> 00:26:03,240 Speaker 1: just speculating on the price. Um. There's a lot of 566 00:26:03,240 --> 00:26:06,800 Speaker 1: really cool stuff that's coming out that people haven't seen yet. 567 00:26:07,080 --> 00:26:09,359 Speaker 1: It's gonna be pretty exciting, um, you know, as far 568 00:26:09,400 --> 00:26:11,879 Speaker 1: as the technology and how far we've come, especially in 569 00:26:11,920 --> 00:26:13,359 Speaker 1: the short period of time. And a lot of people 570 00:26:13,400 --> 00:26:15,439 Speaker 1: like to say that, you know, cryptos failed, it's been 571 00:26:15,520 --> 00:26:17,800 Speaker 1: up for you know, ten years, it's garbage, nobody uses it. 572 00:26:18,119 --> 00:26:19,520 Speaker 1: That's not true though, because we were really doing get 573 00:26:19,520 --> 00:26:21,440 Speaker 1: smart contracts. I c O is all that stuff until 574 00:26:21,480 --> 00:26:24,640 Speaker 1: Augur Auger was the first i CEO built on Ethereum, 575 00:26:25,040 --> 00:26:26,600 Speaker 1: and so we've only had this stuff for about three 576 00:26:26,640 --> 00:26:28,760 Speaker 1: years really, and so all the stuff that we're seeing 577 00:26:28,840 --> 00:26:31,320 Speaker 1: right now UM isn't where we're gonna be. In the 578 00:26:31,359 --> 00:26:33,480 Speaker 1: next twelve to twenty four months. You're gonna start seeing 579 00:26:33,560 --> 00:26:37,480 Speaker 1: some crazy stuff coming out that's really gonna help with adoption, 580 00:26:37,680 --> 00:26:39,800 Speaker 1: and you're gonna start seeing like I've been time my 581 00:26:39,880 --> 00:26:42,320 Speaker 1: Facebook man for years and I'm like, dude, if they 582 00:26:42,440 --> 00:26:44,640 Speaker 1: access there are two point seven billion or three billion 583 00:26:44,680 --> 00:26:47,399 Speaker 1: people that they have and they just drop cryptocurrency, you know, 584 00:26:47,440 --> 00:26:50,240 Speaker 1: the ability to to spend crypto to all those users. 585 00:26:50,480 --> 00:26:53,960 Speaker 1: We're gonna have, you know, some crazy adoption overnight. And no, 586 00:26:53,960 --> 00:26:56,160 Speaker 1: nobody's really ready for that yet, right, nobody is really 587 00:26:56,160 --> 00:26:58,280 Speaker 1: ready for that yet. But when that happens, when they 588 00:26:58,280 --> 00:27:00,679 Speaker 1: flipped that switch, look out Master Carlo Visa. I know 589 00:27:00,760 --> 00:27:03,000 Speaker 1: that they're saying that they're working with them, but you 590 00:27:03,040 --> 00:27:05,000 Speaker 1: never tell them you're coming. You just say, oh, yeah, 591 00:27:05,080 --> 00:27:08,159 Speaker 1: we're we're partners, guys. Yeah, but they're coming for him. 592 00:27:08,160 --> 00:27:11,600 Speaker 1: And sometimes I sometimes find it funny, ironic, whatever you 593 00:27:11,640 --> 00:27:14,040 Speaker 1: want to call it, that you see Visa master Card 594 00:27:14,440 --> 00:27:17,560 Speaker 1: or or or or JP Morgan working on a crypto solution, 595 00:27:17,920 --> 00:27:21,920 Speaker 1: but that technology is meant to get rid of them, Like, 596 00:27:22,200 --> 00:27:24,280 Speaker 1: how how can they work on a technology that was 597 00:27:24,359 --> 00:27:27,440 Speaker 1: designed to put them out of business? Well, they say, 598 00:27:27,480 --> 00:27:29,679 Speaker 1: they say, you know, blockchain not bitcoin, right, So you 599 00:27:29,720 --> 00:27:31,920 Speaker 1: had like Jamie Diamonds saying, you know, bitcoins of scam, 600 00:27:31,920 --> 00:27:33,800 Speaker 1: all this kind of stuff. Whil So I guess you know, 601 00:27:33,800 --> 00:27:35,320 Speaker 1: he was buying up as much as he couldn't having 602 00:27:35,359 --> 00:27:37,679 Speaker 1: all his traders buy it up, while of course they 603 00:27:37,720 --> 00:27:39,560 Speaker 1: were creating their own JP Morgan coin. But if you 604 00:27:39,560 --> 00:27:41,840 Speaker 1: look at like HSBC. I think they did two d 605 00:27:41,960 --> 00:27:45,040 Speaker 1: and fifty billion dollars with their own private blockchain last 606 00:27:45,119 --> 00:27:47,399 Speaker 1: year alone. You know, you see all these big wigs 607 00:27:47,440 --> 00:27:49,560 Speaker 1: and all these big institutions, you know, they're all talking 608 00:27:49,560 --> 00:27:51,960 Speaker 1: about blockchain. Now, they're all creating their own you know, 609 00:27:52,040 --> 00:27:56,159 Speaker 1: internal blockchains, which is basically just you know, centralized you 610 00:27:56,200 --> 00:27:58,000 Speaker 1: know service like like what they have now, like what 611 00:27:58,040 --> 00:28:00,680 Speaker 1: they're using now, except using blockchain to do it because 612 00:28:00,680 --> 00:28:02,600 Speaker 1: it's so much faster, it's cheaper, it's easier. So they've 613 00:28:02,600 --> 00:28:06,280 Speaker 1: acknowledged that. But you don't see them like really you know, 614 00:28:06,320 --> 00:28:10,040 Speaker 1: adopting bitcoin. You see them adopting their own stuff. Because now, dude, 615 00:28:10,040 --> 00:28:13,600 Speaker 1: this I I've always said, man, crypto is like the 616 00:28:13,640 --> 00:28:16,800 Speaker 1: most empowering thing for the people or the most enslaving 617 00:28:16,880 --> 00:28:19,199 Speaker 1: thing for the people. So it depends on what you use. Right. 618 00:28:19,280 --> 00:28:22,040 Speaker 1: So if you give central banks, if you give governments 619 00:28:22,040 --> 00:28:24,280 Speaker 1: the ability to create their own cryptocurrency, they have complete 620 00:28:24,320 --> 00:28:26,720 Speaker 1: control over the population. They can you know, take money 621 00:28:26,720 --> 00:28:28,320 Speaker 1: away from and they can see where their money spent. 622 00:28:28,400 --> 00:28:30,679 Speaker 1: They can use social engineering, they can see you know, hey, 623 00:28:30,760 --> 00:28:32,960 Speaker 1: you're not a good person. We're just gonna freeze your accounts, 624 00:28:33,320 --> 00:28:35,560 Speaker 1: all kinds of stuff versus bitcoin where you go anywhere 625 00:28:35,560 --> 00:28:37,840 Speaker 1: in the world and now you can basically use it, 626 00:28:37,840 --> 00:28:39,240 Speaker 1: you know, a peer to peer without the need of 627 00:28:39,240 --> 00:28:41,440 Speaker 1: a third party, so that you've got the empowerment and 628 00:28:41,440 --> 00:28:43,720 Speaker 1: then you also have the enslavement. And so there's so 629 00:28:43,720 --> 00:28:46,840 Speaker 1: many things going on right now. But uh, I can 630 00:28:46,840 --> 00:28:49,600 Speaker 1: tell you as we want see nothing yet depends on 631 00:28:49,640 --> 00:28:51,400 Speaker 1: which way I can go. I you know, I think 632 00:28:51,440 --> 00:28:53,600 Speaker 1: the one thing and I want to ask you about 633 00:28:54,000 --> 00:28:56,920 Speaker 1: Facebook coin, and it goes into exactly this next point, 634 00:28:57,000 --> 00:29:00,280 Speaker 1: which was and and just for a real quick history 635 00:29:00,320 --> 00:29:02,760 Speaker 1: lesson when the Internet first came out, it was open right, 636 00:29:02,800 --> 00:29:05,440 Speaker 1: The Internet's open source, and all these big corporations were like, 637 00:29:05,480 --> 00:29:07,680 Speaker 1: oh no, we can't have our databases hooked to this 638 00:29:07,760 --> 00:29:10,960 Speaker 1: open internet. So they all spent probably collectively billions of 639 00:29:10,960 --> 00:29:13,920 Speaker 1: dollars to make intranets, and they made spend all this 640 00:29:13,960 --> 00:29:16,360 Speaker 1: waney to make these closed off intranets, and then eventually 641 00:29:16,360 --> 00:29:18,400 Speaker 1: they all got abandoned. Now everybody's on the open Internet, 642 00:29:18,560 --> 00:29:20,400 Speaker 1: and that's exactly what we're seeing today with all these 643 00:29:20,800 --> 00:29:25,000 Speaker 1: jp morgan building their own little internal blockchains and eventually 644 00:29:25,000 --> 00:29:27,080 Speaker 1: hopefully they'll go to this open source one. But back 645 00:29:27,120 --> 00:29:29,160 Speaker 1: to the point, you just made either the most freedom 646 00:29:29,520 --> 00:29:31,960 Speaker 1: or the most enslaving, and you're absolutely right. I mean, 647 00:29:32,000 --> 00:29:34,840 Speaker 1: imagine if if if the FED had their way and 648 00:29:34,920 --> 00:29:37,520 Speaker 1: could get rid of cash and put everybody on a blockchain. Uh, 649 00:29:37,880 --> 00:29:39,560 Speaker 1: it would be dangerous. I mean it would be good 650 00:29:39,560 --> 00:29:42,320 Speaker 1: for them, bad for people that wanted freedom. But when 651 00:29:42,320 --> 00:29:45,600 Speaker 1: you look at like Facebook, and I know this is 652 00:29:45,640 --> 00:29:49,120 Speaker 1: pure speculation, but um like, I do agree with you 653 00:29:49,160 --> 00:29:51,520 Speaker 1: that it would probably the biggest push for adoption. Three 654 00:29:51,520 --> 00:29:55,440 Speaker 1: billion users globally, and not just not just users, but 655 00:29:55,600 --> 00:30:00,880 Speaker 1: almost every business eight million businesses. Now you have merchant 656 00:30:00,920 --> 00:30:03,800 Speaker 1: acceptance right now, there's actually real use case. But what 657 00:30:03,840 --> 00:30:08,720 Speaker 1: do you think guessing? Uh, do you think Facebook would 658 00:30:08,760 --> 00:30:12,400 Speaker 1: have an open source or a closed source code base? One? 659 00:30:12,800 --> 00:30:16,560 Speaker 1: And two? Would would Facebook be exchangeable or would it 660 00:30:16,600 --> 00:30:20,520 Speaker 1: only be used within the ecosystem? So I think that's 661 00:30:21,960 --> 00:30:24,600 Speaker 1: it's difficult to say. I think that they're they're gonna 662 00:30:24,680 --> 00:30:28,280 Speaker 1: try to play to the decentralized crowd and say portions 663 00:30:28,280 --> 00:30:30,200 Speaker 1: of it are just like if you look at the 664 00:30:30,200 --> 00:30:33,600 Speaker 1: finance decks, it's not really a dex. I mean they 665 00:30:33,600 --> 00:30:36,760 Speaker 1: can call back the transactions and take take your funds 666 00:30:36,760 --> 00:30:39,720 Speaker 1: from what from what I've been told, So I'm not 667 00:30:39,760 --> 00:30:42,120 Speaker 1: sure exactly how they're gonna brand it, but I wouldn't 668 00:30:42,120 --> 00:30:44,200 Speaker 1: imagine that it's going to be fully you centralized, and 669 00:30:44,240 --> 00:30:47,000 Speaker 1: god knows, they're not gonna show all their code. Uh 670 00:30:47,080 --> 00:30:49,160 Speaker 1: they may show portions of it, but they definitely won't 671 00:30:49,200 --> 00:30:51,560 Speaker 1: show you know, how the how the sausage is made. 672 00:30:52,280 --> 00:30:55,160 Speaker 1: And then um, as far as it being closed loop, 673 00:30:55,200 --> 00:30:58,840 Speaker 1: I think they might start off that way because you 674 00:30:58,840 --> 00:31:01,760 Speaker 1: know then I mean, I guess if it's pegg to currencies, 675 00:31:01,800 --> 00:31:04,120 Speaker 1: if it's just a basket of fiat basically you know, 676 00:31:04,120 --> 00:31:07,120 Speaker 1: in different countries, just just what it's going to be 677 00:31:07,120 --> 00:31:09,080 Speaker 1: able to do for the world alone. I mean, you'll 678 00:31:09,080 --> 00:31:11,800 Speaker 1: have all the unbanked banked overnight if they allow it 679 00:31:11,840 --> 00:31:14,480 Speaker 1: to leave the ecosystem that you can shut down Vias 680 00:31:14,520 --> 00:31:17,160 Speaker 1: and MasterCard and probably a month that they wanted to 681 00:31:17,200 --> 00:31:19,320 Speaker 1: because you've got eighty million businesses there, you get three 682 00:31:19,320 --> 00:31:21,960 Speaker 1: billion people. If they allow this to be open and 683 00:31:22,000 --> 00:31:24,200 Speaker 1: free to the world, you'll probably see the biggest you know, 684 00:31:24,280 --> 00:31:27,400 Speaker 1: shift of wealth that you've ever seen. Uh, go to Facebook. 685 00:31:27,560 --> 00:31:31,240 Speaker 1: They'll be like the biggest thing ever. I can't I 686 00:31:31,280 --> 00:31:34,280 Speaker 1: can't even describe how how huge they will become if 687 00:31:34,320 --> 00:31:38,480 Speaker 1: they do make their Facebook coin available outside of their ecosystem. 688 00:31:38,560 --> 00:31:41,440 Speaker 1: It just because everybody would, you know, just accept it 689 00:31:41,480 --> 00:31:43,720 Speaker 1: and adopt it, and they would just you already see 690 00:31:43,720 --> 00:31:45,680 Speaker 1: the only people that really care about, you know, losing 691 00:31:45,680 --> 00:31:48,400 Speaker 1: their information and there um, you know the I guess 692 00:31:48,440 --> 00:31:50,400 Speaker 1: the privacy issues that we've had with Facebook. You know, 693 00:31:50,400 --> 00:31:53,960 Speaker 1: there's there's a small percentage people maybe you're upset about it. 694 00:31:54,000 --> 00:31:56,120 Speaker 1: The other eight percent just keep posting pictures and videos 695 00:31:56,120 --> 00:31:58,560 Speaker 1: and you think that they the percent of people that 696 00:31:58,600 --> 00:32:00,560 Speaker 1: are upset about it aren't even probably do anything about it. 697 00:32:00,560 --> 00:32:02,080 Speaker 1: Like I'm kind of upset about it, but I'm still 698 00:32:02,080 --> 00:32:05,840 Speaker 1: on this pupid thing, right, That's what I mean. So people, 699 00:32:06,080 --> 00:32:08,040 Speaker 1: you know, they're if they're already posting their pictures of 700 00:32:08,160 --> 00:32:10,680 Speaker 1: videos and then now you have Facebook, they already trust them, 701 00:32:10,720 --> 00:32:12,720 Speaker 1: and they're gonna start using them for currency to pay 702 00:32:12,720 --> 00:32:15,160 Speaker 1: for you know, goods and services, and everybody's gonna accept 703 00:32:15,200 --> 00:32:17,520 Speaker 1: it because everybody is already on the platform. You've never 704 00:32:17,560 --> 00:32:20,040 Speaker 1: seen this kind of shift in wealth and in payment 705 00:32:20,040 --> 00:32:23,600 Speaker 1: transactions and currency. Ever, I don't think ever, it is 706 00:32:23,600 --> 00:32:25,080 Speaker 1: gonna be one of the biggest things that we've ever 707 00:32:25,080 --> 00:32:28,200 Speaker 1: seen people downput. But and I can't say the day 708 00:32:28,200 --> 00:32:30,280 Speaker 1: one they'll be, um, you know, open to the world. 709 00:32:30,320 --> 00:32:33,440 Speaker 1: They may be a closed loop initially, but they won't 710 00:32:33,440 --> 00:32:35,880 Speaker 1: always be that way. I guarantee it. I think in 711 00:32:35,960 --> 00:32:38,480 Speaker 1: order to have massive success, they're gonna have to be 712 00:32:38,520 --> 00:32:40,920 Speaker 1: open and exchangeable, because that's the whole thing where it's 713 00:32:40,960 --> 00:32:43,400 Speaker 1: like and really like the Internet now whatever you wanna 714 00:32:43,440 --> 00:32:46,480 Speaker 1: call it, twenty years old, is really now just changing 715 00:32:46,520 --> 00:32:49,520 Speaker 1: the world in a sense where like you know, um, 716 00:32:49,560 --> 00:32:53,240 Speaker 1: if we're really feeling the effects of the social effects 717 00:32:53,280 --> 00:32:56,840 Speaker 1: of the Internet in a decentralization. But the Internet, if 718 00:32:56,880 --> 00:32:59,160 Speaker 1: we have all these borders and so our money doesn't 719 00:32:59,200 --> 00:33:03,360 Speaker 1: cross borders and super expensive to transfer money across the borders. 720 00:33:03,520 --> 00:33:06,080 Speaker 1: You can't send five bucks across the border. It's just 721 00:33:06,080 --> 00:33:08,720 Speaker 1: it's just not cost effective. And that's where crypto comes in. 722 00:33:08,760 --> 00:33:11,000 Speaker 1: So you look at like the Internet, you have like 723 00:33:11,080 --> 00:33:13,120 Speaker 1: Internet citizens and now we're on the Internet. Is four 724 00:33:13,160 --> 00:33:15,560 Speaker 1: billion people on the Internet, and that's where like bitcoin 725 00:33:15,600 --> 00:33:18,120 Speaker 1: can be this Internet money and Facebook could potentially be 726 00:33:18,160 --> 00:33:20,600 Speaker 1: that Internet money. But if it if you can't leave 727 00:33:20,640 --> 00:33:24,080 Speaker 1: the inner the ecosystem, I think I think it's gonna lose, 728 00:33:24,120 --> 00:33:26,760 Speaker 1: so we'll see. No, you're right. I mean they've already 729 00:33:26,800 --> 00:33:28,960 Speaker 1: tried that with some of their digital currencies that they've 730 00:33:28,960 --> 00:33:31,600 Speaker 1: had in there for for tipping and sending people, you know, 731 00:33:31,680 --> 00:33:34,440 Speaker 1: digital cash, but it wasn't crypto and it didn't have 732 00:33:34,520 --> 00:33:36,480 Speaker 1: you know, a wide adoption at all. Why it's a 733 00:33:36,520 --> 00:33:38,280 Speaker 1: closed system. As soon as you open this up to 734 00:33:38,280 --> 00:33:40,640 Speaker 1: the world, to all the businesses, all the users, I mean, 735 00:33:40,720 --> 00:33:43,600 Speaker 1: it seriously could destroy these and master Card American Express 736 00:33:43,920 --> 00:33:46,200 Speaker 1: discover all those guys literally like in the first month 737 00:33:46,200 --> 00:33:48,000 Speaker 1: because nobody be able to keep up. All they have 738 00:33:48,040 --> 00:33:51,120 Speaker 1: to do is keep the fees low and they control everything, 739 00:33:51,280 --> 00:33:53,960 Speaker 1: and everybody would use it and it would be silly 740 00:33:53,720 --> 00:33:57,280 Speaker 1: and and and that's the big shift. So everything we 741 00:33:57,360 --> 00:34:00,920 Speaker 1: have today is siloed off and closed off. My Target 742 00:34:00,960 --> 00:34:04,520 Speaker 1: reward points are stuck at Target, My American airlines, miles 743 00:34:04,560 --> 00:34:07,800 Speaker 1: are stuck on American airlines, Like my Chuck E Cheese 744 00:34:07,840 --> 00:34:09,600 Speaker 1: tokens only still work if I go back to Chuck 745 00:34:09,640 --> 00:34:14,120 Speaker 1: E Cheese. Everything is closed off, whereas cryptocurrencies allows everything 746 00:34:14,120 --> 00:34:17,440 Speaker 1: to re open and exchangeable. And and that's the way 747 00:34:17,600 --> 00:34:19,399 Speaker 1: I think we wanted to be it should be. That's 748 00:34:19,400 --> 00:34:22,120 Speaker 1: the way it'll grow. But there's massive incentives for all 749 00:34:22,160 --> 00:34:25,279 Speaker 1: these people to try to continue to not allow that 750 00:34:25,320 --> 00:34:28,440 Speaker 1: to happen. Um, so that's the battle, right, Yep, No, 751 00:34:28,520 --> 00:34:30,359 Speaker 1: you're absolutely right. I keep telling people all the time, 752 00:34:30,360 --> 00:34:31,960 Speaker 1: and you guys are looking at the wrong at the 753 00:34:31,960 --> 00:34:34,200 Speaker 1: wrong thing. They keep talking about which blockchains better. It's like, 754 00:34:34,239 --> 00:34:36,200 Speaker 1: we already have good enough blockchains now when need layer two, 755 00:34:36,239 --> 00:34:39,320 Speaker 1: layers three solutions, and you need basically, you know, a 756 00:34:39,400 --> 00:34:42,560 Speaker 1: hub to plug into that doesn't matter what blockchain you're using, 757 00:34:42,560 --> 00:34:44,799 Speaker 1: doesn't matter what company you're with. You know, it'll just 758 00:34:44,840 --> 00:34:46,879 Speaker 1: work everything. You're not gonna have to have all these 759 00:34:46,880 --> 00:34:49,120 Speaker 1: different things. You'll just have one thing that will basically 760 00:34:49,160 --> 00:34:52,040 Speaker 1: swap currency to currency. It won't matter if there's two 761 00:34:52,080 --> 00:34:55,200 Speaker 1: million cryptos out there, two cryptos out there, it'll just 762 00:34:55,200 --> 00:34:58,000 Speaker 1: convert everything for you. Yeah, that's what we're really missing 763 00:34:58,080 --> 00:35:01,120 Speaker 1: right now, is it's kind of that conversion cool. And 764 00:35:01,160 --> 00:35:03,640 Speaker 1: then obviously, of course, you know, like a layer three solution, 765 00:35:03,680 --> 00:35:06,600 Speaker 1: which is the ease of access to those systems lay 766 00:35:06,680 --> 00:35:08,759 Speaker 1: or two stuff like lightning obviously isn't there yet. But 767 00:35:09,000 --> 00:35:11,600 Speaker 1: we really don't need all that crazy stuff quite yet 768 00:35:11,719 --> 00:35:13,440 Speaker 1: just start, you know, putting this to work. We just 769 00:35:13,440 --> 00:35:15,799 Speaker 1: need to use your interface that works, it's easy to use, 770 00:35:15,920 --> 00:35:18,400 Speaker 1: and we need basically some kind of compatibility component that 771 00:35:18,440 --> 00:35:20,759 Speaker 1: we don't have yet. Um So that's when one of 772 00:35:20,760 --> 00:35:22,239 Speaker 1: the things we're trying to do with Monarch is just 773 00:35:22,280 --> 00:35:24,719 Speaker 1: make it make it extremely easy for everybody to plug 774 00:35:24,800 --> 00:35:26,480 Speaker 1: into and have access to everything. You don't have to, 775 00:35:26,960 --> 00:35:29,320 Speaker 1: you know, belong to just one club. Just like restaurants. 776 00:35:29,320 --> 00:35:31,200 Speaker 1: You know, you got Burger king on McDonald's, Taco Bell, 777 00:35:31,440 --> 00:35:33,279 Speaker 1: it's all food, man. You can pick whatever you want. 778 00:35:33,320 --> 00:35:34,759 Speaker 1: You know, you can eat whatever you want a different day. 779 00:35:34,760 --> 00:35:36,960 Speaker 1: You shouldn't. You shouldn't limit uh, you know what you're 780 00:35:36,960 --> 00:35:38,399 Speaker 1: able to do. You should be able to get whatever 781 00:35:38,440 --> 00:35:40,319 Speaker 1: you want and be able to consume it. So I 782 00:35:40,320 --> 00:35:42,560 Speaker 1: think the same thing will hold true in crypto. We're 783 00:35:42,600 --> 00:35:44,200 Speaker 1: just missing a few pieces that I think are on 784 00:35:44,239 --> 00:35:47,759 Speaker 1: the way right. All right, Well, that's good stuff. I 785 00:35:47,800 --> 00:35:50,960 Speaker 1: appreciate that. Now, just one more question. So, you know, 786 00:35:51,160 --> 00:35:53,680 Speaker 1: being that you're building in the space, like I said, 787 00:35:53,719 --> 00:35:56,479 Speaker 1: you're on you're on the move, You're you're you're meeting 788 00:35:56,480 --> 00:35:58,200 Speaker 1: all the people, you're seeing all the things. Where do 789 00:35:58,280 --> 00:36:02,920 Speaker 1: you see yourself a company. Um in one, two, three, 790 00:36:03,239 --> 00:36:05,320 Speaker 1: whatever years. How far are you looking out? Where do 791 00:36:05,360 --> 00:36:08,080 Speaker 1: you think you'll be? Yeah, I mean it's one of 792 00:36:08,080 --> 00:36:10,040 Speaker 1: those things that um, you know, we we try to 793 00:36:10,120 --> 00:36:13,440 Speaker 1: drop value every you know, every week every two weeks, 794 00:36:13,520 --> 00:36:16,280 Speaker 1: so and um, you know, we're not afraid to pivot, 795 00:36:16,440 --> 00:36:18,440 Speaker 1: you know when we kind of go the wrong direction. 796 00:36:19,080 --> 00:36:21,000 Speaker 1: So right now, you know what I want to do 797 00:36:21,080 --> 00:36:23,279 Speaker 1: is in the next year, snayling myself, we want to 798 00:36:23,280 --> 00:36:26,480 Speaker 1: create you know, one platform to where everybody can go 799 00:36:27,440 --> 00:36:30,320 Speaker 1: and have access to all their favorite services in businesses 800 00:36:30,360 --> 00:36:32,960 Speaker 1: that we partner with from one place, with one log 801 00:36:32,960 --> 00:36:37,040 Speaker 1: and experience, with one KYC experience. Make it stupid simple, 802 00:36:37,239 --> 00:36:40,239 Speaker 1: like just crazy simple that everybody, you know, we'll start 803 00:36:40,320 --> 00:36:43,840 Speaker 1: enjoying it using it things like that. Um. Obviously you know, 804 00:36:43,880 --> 00:36:45,399 Speaker 1: we build a lot of our own things as well. 805 00:36:45,480 --> 00:36:48,560 Speaker 1: So some of the stuff that you know, like for instance, 806 00:36:48,560 --> 00:36:51,680 Speaker 1: we've come up with the we've you know, patented patent 807 00:36:51,719 --> 00:36:54,440 Speaker 1: pending you know, like a recurring payment transaction model. Right, 808 00:36:54,480 --> 00:36:56,640 Speaker 1: so we've created a plug in that businesses can use 809 00:36:57,040 --> 00:37:00,200 Speaker 1: to set up recurring methods and crypto and be paid, um, 810 00:37:00,239 --> 00:37:03,080 Speaker 1: you know in stable and stable fiats right. So that way, 811 00:37:03,080 --> 00:37:05,840 Speaker 1: if you want us paying crypto for you know, Netflix 812 00:37:05,920 --> 00:37:08,160 Speaker 1: or Hulu or you know, your mortgage stuff like that, 813 00:37:08,200 --> 00:37:10,600 Speaker 1: you'll be able to do that. In in in Crypto, 814 00:37:11,200 --> 00:37:13,720 Speaker 1: we have acquired a broker dealing license you know, pending 815 00:37:13,719 --> 00:37:16,000 Speaker 1: you know, Finner SEC approval, all that kind of good stuff. 816 00:37:16,400 --> 00:37:19,360 Speaker 1: But it allows us to, um, you know, convert crypto 817 00:37:19,440 --> 00:37:22,360 Speaker 1: FIAT and pay these merchants. So what you know, I 818 00:37:22,400 --> 00:37:24,680 Speaker 1: mean I could break this down granularly, I guess you 819 00:37:24,680 --> 00:37:27,320 Speaker 1: know with our Stolaune platforms all this stuff. But basically 820 00:37:27,400 --> 00:37:30,120 Speaker 1: where I see us, you know, in in five years 821 00:37:30,280 --> 00:37:32,400 Speaker 1: is like the go to place for anything crypto or 822 00:37:32,440 --> 00:37:36,440 Speaker 1: financial services. Uh be once one stop shop anything and 823 00:37:36,480 --> 00:37:38,680 Speaker 1: everything you want to access to. You know, you're gonna 824 00:37:38,680 --> 00:37:40,520 Speaker 1: be able to do it from one place. We're gonna 825 00:37:40,680 --> 00:37:44,239 Speaker 1: we're not worried about competition. You know, arms are wide 826 00:37:44,280 --> 00:37:47,359 Speaker 1: open to basically anybody of value. You know, we'll bring 827 00:37:47,400 --> 00:37:49,920 Speaker 1: them on, We'll plug them in, will offer their services 828 00:37:49,960 --> 00:37:52,680 Speaker 1: to our users, and our users will have access to 829 00:37:52,719 --> 00:37:55,600 Speaker 1: their services from one easy place. So you know, I 830 00:37:55,640 --> 00:37:57,000 Speaker 1: want to do that like over the course of the 831 00:37:57,040 --> 00:37:58,640 Speaker 1: next year. UM, I mean, if you look at what 832 00:37:58,640 --> 00:38:00,359 Speaker 1: we've done and just over the past year or two, 833 00:38:00,360 --> 00:38:03,319 Speaker 1: we've I mean, I'll say that we've done more than 834 00:38:03,360 --> 00:38:05,400 Speaker 1: most of the crypto companies out there, and ours is 835 00:38:05,480 --> 00:38:09,640 Speaker 1: freeing you can down it today. Um So in five years, 836 00:38:10,120 --> 00:38:12,719 Speaker 1: I think it's it's gonna be like just an incredible 837 00:38:12,719 --> 00:38:15,799 Speaker 1: place for everybody to go and uh and while they 838 00:38:15,840 --> 00:38:19,120 Speaker 1: retain ownership of their seed and their keys and their funds, 839 00:38:19,120 --> 00:38:21,360 Speaker 1: and while they while they're still their own monarch and 840 00:38:21,360 --> 00:38:23,840 Speaker 1: while they're still you know, their own kings and queens 841 00:38:23,840 --> 00:38:26,600 Speaker 1: of their financial you know, empires that they've that they've 842 00:38:26,600 --> 00:38:29,279 Speaker 1: created and no one can take from them. Yeah. Nice, 843 00:38:29,440 --> 00:38:32,120 Speaker 1: all right, Yeah, it's hard to project out in five years. 844 00:38:32,120 --> 00:38:34,000 Speaker 1: We don't know because we don't have building blocks to 845 00:38:34,000 --> 00:38:37,600 Speaker 1: build the stuff that will be built in the future. Right, 846 00:38:39,120 --> 00:38:42,160 Speaker 1: trying to trying to predict that we'd have, um, something 847 00:38:42,239 --> 00:38:45,399 Speaker 1: called the cloud that had uh, that our our cars 848 00:38:45,400 --> 00:38:47,040 Speaker 1: will be hooked to something called the cloud that would 849 00:38:47,040 --> 00:38:50,600 Speaker 1: be given us like voice activated navigation, using something called 850 00:38:50,640 --> 00:38:52,840 Speaker 1: social media, Like we didn't have any of those building blocks, 851 00:38:52,880 --> 00:38:55,319 Speaker 1: Like we wouldn't have known about that. No. Actually, right 852 00:38:55,400 --> 00:38:57,040 Speaker 1: this this space is not going to look the same 853 00:38:57,040 --> 00:38:58,680 Speaker 1: in five to ten years, five ten years, you won't 854 00:38:58,680 --> 00:39:01,600 Speaker 1: even recognize the space. You have cars paying cars you're 855 00:39:01,600 --> 00:39:05,680 Speaker 1: gonna have. It's gonna got ready player one in certain instances. Right, So, um, 856 00:39:05,719 --> 00:39:07,040 Speaker 1: all I know is I just want to make sure 857 00:39:07,080 --> 00:39:09,040 Speaker 1: there were that one spot for everybody to go to 858 00:39:09,200 --> 00:39:12,400 Speaker 1: basically control their finances and their freedoms and have access 859 00:39:12,400 --> 00:39:13,960 Speaker 1: to all the coolest stuff. And it's just gonna get 860 00:39:14,000 --> 00:39:16,000 Speaker 1: better and better every single week, every single month, every 861 00:39:16,000 --> 00:39:18,600 Speaker 1: single year. And uh that's that's what I want us 862 00:39:18,640 --> 00:39:21,040 Speaker 1: to be for the people. Yeah, well you are one 863 00:39:21,400 --> 00:39:24,120 Speaker 1: busy man on the move with your finger on the pulse. 864 00:39:24,080 --> 00:39:26,239 Speaker 1: So I'm putting out tons of good content for those 865 00:39:26,320 --> 00:39:28,319 Speaker 1: listening on the podcast. Where's a good place to keep 866 00:39:28,360 --> 00:39:31,799 Speaker 1: up with you? Well all right, um, let's see. So 867 00:39:31,800 --> 00:39:33,759 Speaker 1: we obviously have our YouTube channel. We give away a 868 00:39:33,840 --> 00:39:36,960 Speaker 1: hundred bucks bitcoin cash on every single episode so that 869 00:39:37,000 --> 00:39:39,480 Speaker 1: way people can get into crypto on on our dime 870 00:39:39,920 --> 00:39:44,040 Speaker 1: actually my dim and so that's Crypto Beatles on YouTube. 871 00:39:44,440 --> 00:39:47,680 Speaker 1: Uh see, we're on TV Business TV um on the 872 00:39:47,719 --> 00:39:50,520 Speaker 1: face uh trading these sessions on trading views. So if 873 00:39:50,520 --> 00:39:52,680 Speaker 1: you want to learn about you know, how to chart 874 00:39:52,680 --> 00:39:54,120 Speaker 1: and all that kind of stuff. You know, all this 875 00:39:54,120 --> 00:39:56,360 Speaker 1: stuff is is free. Just go in there and watch it. 876 00:39:56,400 --> 00:39:59,160 Speaker 1: I don't do any kind of paid courses or any 877 00:39:59,160 --> 00:40:01,719 Speaker 1: that kind of stuff, so it's always free on my dime. 878 00:40:01,840 --> 00:40:05,560 Speaker 1: Just here to help educate and bring value in the space. Awesome, awesome, 879 00:40:05,600 --> 00:40:07,799 Speaker 1: all right, well, good stuff, good chatting with you, and 880 00:40:08,080 --> 00:40:11,239 Speaker 1: look forward to seeing you continue to disrupt. Likewise, my brother, 881 00:40:11,480 --> 00:40:13,800 Speaker 1: keep it up. Let me know if you need anything. Cool, 882 00:40:14,040 --> 00:40:17,960 Speaker 1: God bless all right, thanks bye. Hey. If you like 883 00:40:18,120 --> 00:40:21,719 Speaker 1: this episode of the Market Disruptors Podcast, please help us 884 00:40:21,760 --> 00:40:24,239 Speaker 1: take this to the top of the podcast charts. Just 885 00:40:24,239 --> 00:40:27,319 Speaker 1: please do me a favor and rate, review and subscribe. 886 00:40:27,520 --> 00:40:30,239 Speaker 1: Taking fifteen seconds to just leave a quick review goes 887 00:40:30,320 --> 00:40:32,680 Speaker 1: a long way and helping us reach more people and 888 00:40:32,760 --> 00:40:35,880 Speaker 1: disrupt more markets. I really appreciate you listening, and I'll 889 00:40:35,920 --> 00:40:38,280 Speaker 1: see you next time on the Market Instructors Podcast