WEBVTT - Cryptocurrency 101 With Robert ‘Crypto’ Beadles 0:00:04.600 --> 0:00:07.680 So the big question is this, how do investors like 0:00:07.920 --> 0:00:11.800 us get access to the ideas, information, and most importantly, 0:00:12.039 --> 0:00:14.880 the right people that give us the tools and information 0:00:14.960 --> 0:00:19.000 we need to make conformed and educated decisions to have success. 0:00:19.600 --> 0:00:22.360 That is the question, and this podcast will give us 0:00:22.360 --> 0:00:25.520 the answers. This is Mark Moss, your host. Let's get 0:00:25.520 --> 0:00:29.240 this started. Welcome back to another episode of the Market 0:00:29.240 --> 0:00:34.640 Disruptors podcast. We like to talk about disruptive technologies, disruptive companies, 0:00:34.960 --> 0:00:38.840 people who are building and doing things in these disruptive industries. 0:00:39.360 --> 0:00:44.199 Today we're talking with Robert Beatles from Monarch Wallet, and 0:00:44.320 --> 0:00:46.519 Robert is one of the hardest working men in crypto. 0:00:46.800 --> 0:00:51.200 He is traveling NonStop at the conferences at the forefront, 0:00:51.240 --> 0:00:54.080 talking to people, rubbing shoulder to shoulder with the movers 0:00:54.080 --> 0:00:56.720 and the shakers, and he's one himself. He has been 0:00:56.800 --> 0:00:59.480 building in this space for a couple of years um 0:00:59.520 --> 0:01:01.600 in a really good area in uh In, in the 0:01:01.640 --> 0:01:05.560 space that's really tying all these projects together and securing 0:01:05.720 --> 0:01:07.840 your coins. So let's jump right in. We're gonna talk 0:01:07.880 --> 0:01:13.480 to Robert Beatles. Everybody, Welcome to the Market Disruptors. I 0:01:13.480 --> 0:01:17.720 am here with Robert Beatles from Monarch, but also from 0:01:17.760 --> 0:01:22.600 many other things as well. Um, welcome, hey man, thanks 0:01:22.600 --> 0:01:25.640 for having I really appreciate it. Yeah. Now, uh, I 0:01:25.680 --> 0:01:29.320 know you're really big on YouTube. I've met you at uh, 0:01:29.319 --> 0:01:31.560 I've been at several conferences with you. I know you're 0:01:31.600 --> 0:01:35.800 really out there pushing uh, the the education or at 0:01:35.840 --> 0:01:38.759 least the awareness adoption phase, right that it's a big 0:01:38.760 --> 0:01:41.319 piece of what you're doing. Yeah, I mean that's you know, 0:01:41.360 --> 0:01:42.880 that's kind of how I got into it. Right. So 0:01:42.959 --> 0:01:45.760 back in two eleven, a guy named Max Kaiser you know, 0:01:45.800 --> 0:01:49.480 opened my eyes to bitcoin and basically all the world 0:01:49.480 --> 0:01:51.160 of value that it brings to us. Right, And so 0:01:51.240 --> 0:01:53.520 from then on, I've been kind of bit by the 0:01:53.560 --> 0:01:56.640 crypto bug, and my friends and family and whatnot knew 0:01:56.640 --> 0:01:59.760 that I was in crypto. And so around when the 0:02:00.000 --> 0:02:02.720 when the market got crazy hot, everybody decided that they 0:02:02.720 --> 0:02:04.560 wanted to get into crypto, but they didn't really know 0:02:04.600 --> 0:02:06.960 anything about it. So they asked me to create, you know, 0:02:07.160 --> 0:02:09.880 basically a YouTube video that they could all go to 0:02:10.000 --> 0:02:13.000 and kind of learn the inner workings of how crypto works, 0:02:13.639 --> 0:02:15.520 how they buy it, how they sell it, how they 0:02:15.560 --> 0:02:17.959 stored all that kind of stuff, and it just kind 0:02:17.960 --> 0:02:20.320 of kind of life of its own, right, So start 0:02:20.360 --> 0:02:22.320 off like that, they loved it. Then they asked me 0:02:22.360 --> 0:02:26.360 to start kind of reviewing projects. Then basically you know, 0:02:26.440 --> 0:02:29.000 covering projects. Next thing, you know, I've done like a 0:02:29.040 --> 0:02:32.760 thousand interviews and probably aired only three fifty of them 0:02:32.840 --> 0:02:35.799 or something like that. But that's kind of how we 0:02:35.800 --> 0:02:37.640 we get onto the YouTube side of things. I mean, 0:02:37.680 --> 0:02:40.800 I've I have a software company. We build you know, 0:02:41.280 --> 0:02:44.240 applications and platforms for people like the United States Post 0:02:44.280 --> 0:02:48.640 Office and so around or so. After you know, really 0:02:48.720 --> 0:02:50.600 looking at the space and all the people in it 0:02:50.840 --> 0:02:54.280 and kind of the lack of easy I guess user 0:02:54.360 --> 0:02:57.240 experience to actually be able to store, send received crypto 0:02:57.280 --> 0:02:59.280 things like that, we decided to come up with monarchs. 0:02:59.320 --> 0:03:01.600 So we built that, you know, for for the people, 0:03:01.680 --> 0:03:03.400 right and from day one we just gave it to 0:03:03.520 --> 0:03:06.679 them for free. People can start using it, and it's 0:03:06.720 --> 0:03:08.560 just it's been a wild ride, man, it's been a 0:03:08.560 --> 0:03:11.480 wild ride. And it's just getting started. Yeah, it is 0:03:11.520 --> 0:03:15.720 just getting started. So I love disruptive technologies. I just 0:03:15.800 --> 0:03:18.400 love the whole idea of what we call creative destruction 0:03:18.520 --> 0:03:21.040 right where it's like the old way is killed off, 0:03:21.040 --> 0:03:25.000 by a new way, new solutions to old problems, and so, um, 0:03:25.040 --> 0:03:28.000 I think cryptocurrency is the most disruptive thing that we've 0:03:28.000 --> 0:03:30.880 ever seen. The Internet was super disruptive. Cryptocurrency is even bigger. 0:03:31.160 --> 0:03:33.040 But I just I love it because I believe it 0:03:33.240 --> 0:03:36.640 creates the biggest opportunity for us. I mean, I love change, 0:03:36.880 --> 0:03:38.440 I love new things. That's just part of me. But 0:03:38.600 --> 0:03:40.839 it creates a really big opportunity for us as as 0:03:40.840 --> 0:03:45.280 investors as well. Now you've been obviously being in crypto, 0:03:45.320 --> 0:03:48.240 you're in a disruptive state, but you're a business owner 0:03:48.720 --> 0:03:52.000 and you've been involved in other disruptive industries. Do you 0:03:52.040 --> 0:03:53.960 look at it that way? Like you do you look 0:03:54.040 --> 0:03:58.680 for opportunities in ways that you can like solve old 0:03:58.680 --> 0:04:03.040 problems with new solutions. Yeah, definitely. Um. You know, before 0:04:03.240 --> 0:04:05.040 coming into the space, you know, I've built one of 0:04:05.080 --> 0:04:08.200 the largest construction service companies in California. So we've got 0:04:08.800 --> 0:04:11.520 a ton of locations, tons of employees, um, And that 0:04:11.600 --> 0:04:13.920 was something that we did there was kind of disrupt 0:04:14.080 --> 0:04:16.640 the existing way of doing things and we've created a 0:04:16.640 --> 0:04:20.120 new model and it's been super successful. And then with crypto, 0:04:20.680 --> 0:04:22.440 you know, like I said, when Max open eyes to it. 0:04:22.480 --> 0:04:25.280 I instantly saw, you know, the value of pure to 0:04:25.360 --> 0:04:28.520 pure transactions and how you don't need a third party anymore. 0:04:28.760 --> 0:04:31.640 So then leveraging that to get more power to the people, 0:04:31.760 --> 0:04:34.440 to allow people to become you know, a monarch. Right 0:04:34.480 --> 0:04:36.760 so because right now, basically the monarchs of the banks, 0:04:36.760 --> 0:04:40.880 the financial institutions, things like that. But with with monarch, 0:04:40.920 --> 0:04:43.840 you actually become your own king, your own queen of 0:04:43.880 --> 0:04:47.480 your personal finances. You actually end up becoming the monarch. 0:04:47.520 --> 0:04:49.720 And so that's kind of the name behind it. And 0:04:49.760 --> 0:04:52.840 so that right there kind of disrupts the the traditional 0:04:52.839 --> 0:04:55.120 system of sorts because you have to rly on all 0:04:55.120 --> 0:04:57.400 these different people for all these different services to have 0:04:57.480 --> 0:05:00.240 access to your funds. And so knowing that, you know, 0:05:00.320 --> 0:05:01.960 we wanted to make sure that people would be in 0:05:02.040 --> 0:05:04.120 charge of their own finances, have their own seed, their 0:05:04.120 --> 0:05:06.520 own key, nobody could take their money from them, They 0:05:06.520 --> 0:05:08.560 could go anywhere in the world and basically pay for 0:05:08.600 --> 0:05:11.159 goods and services, and so that was you know, really 0:05:11.320 --> 0:05:13.760 key for us. You know, pun intended was to be 0:05:13.760 --> 0:05:16.599 able to allow people to you know, rule their financial kingdom, 0:05:16.600 --> 0:05:19.120 and so that was an easy way to start, um, 0:05:19.240 --> 0:05:21.680 you know, disrupting Um, the old way of doing things, 0:05:21.720 --> 0:05:24.360 so to speak, giving people access to their money. It 0:05:24.480 --> 0:05:26.920 sounds like a simple idea, but it really isn't. If 0:05:26.920 --> 0:05:28.440 you go anywhere and you have a bank of card, 0:05:28.520 --> 0:05:29.960 you know, like an a T M card or something 0:05:30.040 --> 0:05:32.359 like that, and say you go to Vegas and you 0:05:32.360 --> 0:05:34.280 want to pull out a thousand bucks. You may have 0:05:34.360 --> 0:05:36.960 a million bucks in your account, but bank decides, you 0:05:36.960 --> 0:05:38.640 know what, you know, we're not gonna give it to you, 0:05:38.880 --> 0:05:40.880 Luke Shady or you know, we don't agree with what 0:05:40.960 --> 0:05:42.640 you're gonna be spending. An honor for whatever reason, you 0:05:42.680 --> 0:05:44.880 don't have access to your funds, and so just giving 0:05:44.880 --> 0:05:46.640 people access to their funds anywhere in the world is 0:05:46.640 --> 0:05:49.560 pretty disruptive. And that's just the start. So if you want, 0:05:49.640 --> 0:05:51.720 we can talk more about it. But I definitely, uh, 0:05:51.800 --> 0:05:54.120 you know, I definitely love disruptive technology. All it does 0:05:54.120 --> 0:05:56.320 is bring more benefit to to the world, to the people, 0:05:56.360 --> 0:05:59.720 to the consumers. And so you're definitely right. There's lots 0:05:59.720 --> 0:06:01.600 of coportunities out there. You just gotta figure out what 0:06:01.640 --> 0:06:04.240 you're good at, what you're passionate about, and then uh 0:06:04.440 --> 0:06:09.440 do it. Um, that's funny. I have to kick myself 0:06:09.440 --> 0:06:11.359 a little bit because I never picked up on the 0:06:11.440 --> 0:06:15.240 name monarch and in that in that term. Um so 0:06:15.320 --> 0:06:18.400 but but I but I love it. Um I actually um, 0:06:18.440 --> 0:06:21.039 I used to subscribe to a newsletter called Sovereign Man, 0:06:21.760 --> 0:06:25.000 and uh, Simon Black writes it and and it's all 0:06:25.040 --> 0:06:29.560 about being sovereign, and it's all about planting sovereign flags 0:06:29.680 --> 0:06:31.920 right all and not just having my whole life in 0:06:31.920 --> 0:06:34.400 one country, but really being a sovereign man. And and 0:06:34.680 --> 0:06:37.440 that that was when I first started hearing about bitcoin 0:06:37.520 --> 0:06:41.360 in the early thirteen fourteen fifteen. Uh. And uh, that's 0:06:41.400 --> 0:06:44.120 what attracted me to it was being able to be sovereign, right, 0:06:44.120 --> 0:06:45.760 take my money. So the same thing that you're saying, 0:06:45.760 --> 0:06:48.120 I just I never caught up on the monarch term. 0:06:48.160 --> 0:06:53.919 So that's pretty cool. Um you are what's that You 0:06:53.960 --> 0:06:56.640 are your own king or you are your own queen. Yeah, yeah, 0:06:56.680 --> 0:06:59.760 I like that. Um. You know, it is a massive shift, 0:06:59.800 --> 0:07:02.040 like you're saying, and and and it's probably the biggest 0:07:02.040 --> 0:07:05.200 shift we'll ever see where um, we're so used to 0:07:05.640 --> 0:07:10.680 having things centrally controlled for us and money obviously as 0:07:10.680 --> 0:07:14.080 we're talking about, but even our shopping or even our news, 0:07:14.240 --> 0:07:18.040 or even our our food production everything essentially controlled. And 0:07:18.120 --> 0:07:22.600 so now to have our our money, but really our value, 0:07:23.600 --> 0:07:25.080 to be able to have control that without that being 0:07:25.200 --> 0:07:27.960 centrally controlled, I'm being able to transfer that peer to 0:07:28.000 --> 0:07:30.679 peer without somebody in the middle. That's a massive shift. 0:07:30.720 --> 0:07:34.120 Do you think that's a gonna be a big point, 0:07:34.200 --> 0:07:35.880 a big area that people are going to have to 0:07:35.880 --> 0:07:38.920 get over to really see that adoption happen. Yeah, I mean, 0:07:39.000 --> 0:07:41.320 right now, the hardest part of adoption we have is 0:07:41.680 --> 0:07:44.240 it's just too confusing for people to use, you know 0:07:44.240 --> 0:07:46.280 what I mean, It's it's a really sucky user experience. 0:07:46.480 --> 0:07:49.760 And so people, um, you know, like the true crypto um, 0:07:49.840 --> 0:07:52.720 you know, I guess uh, you know, the crypto savvy. 0:07:53.000 --> 0:07:55.760 You know, they even have a difficult time navigating kind 0:07:55.760 --> 0:07:58.160 of the waters that they are in front of us, right, 0:07:58.680 --> 0:08:01.080 and so you can see that people they'll give up 0:08:01.120 --> 0:08:04.320 their freedoms just for you know, just for having an 0:08:04.320 --> 0:08:06.720 easier experience. You see that, you know in government, you 0:08:06.760 --> 0:08:09.920 see that with people's rights and all that kind of stuff. 0:08:09.960 --> 0:08:12.520 But if you look even like last night finance, whether 0:08:12.560 --> 0:08:15.000 it was hacked internally, whether it was hacked you know, 0:08:15.040 --> 0:08:17.360 by an outside force, people that leave their funds there, 0:08:18.160 --> 0:08:20.680 you know, can potentially lose them because they're using a 0:08:20.720 --> 0:08:24.040 centralized entity with things like monarch that's decentralized. And when 0:08:24.080 --> 0:08:27.679 you start getting into decentralized finance, you are the weakest link. 0:08:27.880 --> 0:08:31.400 You are the one that is ultimately responsible for your finances. 0:08:31.440 --> 0:08:33.360 So if you lose your seed or you lose your 0:08:33.440 --> 0:08:36.440 key or whatever, then you know, you may lose your funds. 0:08:36.480 --> 0:08:40.360 But the chances of somebody you know, hacking your decentralized 0:08:40.400 --> 0:08:43.199 wallet is basically the same chance as of somebody hacking 0:08:43.200 --> 0:08:46.319 the Bitcoin blockchain or the Ethereum blockchain. And so when 0:08:46.360 --> 0:08:49.240 people understand that and they realize what power that they wield, 0:08:49.679 --> 0:08:51.600 then they'll be like, wow, why would I ever give 0:08:51.600 --> 0:08:53.600 this powder to somebody else? But until you have that 0:08:53.679 --> 0:08:56.120 kind of user experience, it's like really easy for them 0:08:56.120 --> 0:08:58.600 to understand. It's they're always going to kind of rely 0:08:58.679 --> 0:09:01.720 on centralized services like Amazon and banks and everything else 0:09:01.760 --> 0:09:03.840 because they're used to it. It's easy, you know. You 0:09:03.960 --> 0:09:06.040 it's like Facebook, get that little thumbs up, but it works. 0:09:06.080 --> 0:09:08.480 They don't really care why it just does. But once 0:09:08.520 --> 0:09:10.760 they realize, oh wow, I can do all this stuff 0:09:10.760 --> 0:09:14.480 without anybody, and I'm you know, basically in control of everything, 0:09:14.679 --> 0:09:17.640 and it's really easy to use people start doing that. Yeah, 0:09:18.040 --> 0:09:20.320 I agree, I mean, we we know. I mean it 0:09:20.360 --> 0:09:22.760 was it Thomas Jefferson and he talked about, you know, 0:09:22.840 --> 0:09:26.520 giving up our freedom for privacy for freedom. Uh, we 0:09:26.559 --> 0:09:29.400 don't deserve either. Everyone is always willing to sacrifice for 0:09:29.400 --> 0:09:33.400 the short term. So I'll sacrifice my sovereignty, I'll sacrifice 0:09:33.440 --> 0:09:36.360 my privacy for convenience. So so we see that. I 0:09:36.400 --> 0:09:39.360 guess that's just a human characteristic. We always want what's easy. Um. 0:09:39.400 --> 0:09:42.040 But at the same time, like I've studied every technological 0:09:42.080 --> 0:09:44.520 revolution for the last couple hundred years, and they all 0:09:44.600 --> 0:09:46.800 kind of they all roll out the same way. And 0:09:46.800 --> 0:09:48.320 if you look at the Internet days, and I know 0:09:48.320 --> 0:09:50.400 you're old enough to remember, I mean in the early 0:09:50.480 --> 0:09:52.920 nineties it wasn't easy to connect to the Internet either. 0:09:54.240 --> 0:09:55.960 But look how far we've come since then. And that's 0:09:55.960 --> 0:09:57.800 what people have to remember. With the blockchain to see 0:09:57.800 --> 0:09:59.640 it all, you know, it was a dark net and 0:09:59.720 --> 0:10:01.679 six the eight Yeah, you know the Internet that we 0:10:01.720 --> 0:10:03.920 see today in ninety four, and then you look at 0:10:04.080 --> 0:10:06.080 Amazon never would have survived in ninety four, but you 0:10:06.120 --> 0:10:09.160 look at them in nineteen and they've made things super simple. 0:10:09.280 --> 0:10:11.520 You're able to do that decentralized it. Hopefully it doesn't 0:10:11.520 --> 0:10:14.280 take us fifteen years, but you'll see that. You know, 0:10:14.320 --> 0:10:17.439 we're definitely on that road as well. Yeah, And I 0:10:17.480 --> 0:10:19.959 just think overall, I always just try to remind people 0:10:20.000 --> 0:10:22.760 that just to be patient, because I think everyone's expecting 0:10:22.800 --> 0:10:25.320 too much too soon. Like you said, the Internet really started, 0:10:25.400 --> 0:10:28.720 you know, at least in the seventies or eighties, really 0:10:28.800 --> 0:10:32.440 publicly in nineteen ninety, but it wasn't until Nive that 0:10:32.679 --> 0:10:35.319 the average person could even somewhat kind of try to 0:10:35.440 --> 0:10:39.400 use that with Netscape coming online. Um and uh and 0:10:39.240 --> 0:10:41.880 and by two thousands or by two thousands, so full 0:10:41.880 --> 0:10:45.120 ten years after kind of that whole public unveiling, only 0:10:45.120 --> 0:10:47.200 ten percent of people have ever bought anything online. And 0:10:47.640 --> 0:10:50.760 we didn't even have broadband internet DSL until two thousand, 0:10:50.840 --> 0:10:54.360 three thirteen years later. So um, you know, when it 0:10:54.400 --> 0:10:56.040 when it comes down to, like you said, it's it's 0:10:56.120 --> 0:10:58.800 it's not easy for the average person. Um. I just 0:10:58.800 --> 0:11:00.800 think that comes with time, and it's just it's just 0:11:00.840 --> 0:11:03.560 being patient. And I understand you as a builder, you're 0:11:03.559 --> 0:11:06.320 really working to try to make that easier um, and 0:11:06.360 --> 0:11:09.520 so those things will come right, Yeah, they definitely will. 0:11:09.640 --> 0:11:11.360 You know, it just comes with you know, it comes 0:11:11.360 --> 0:11:13.600 with patients in time, like you said, but there's things 0:11:13.600 --> 0:11:15.120 that we can do to expedit. It just kind of 0:11:15.200 --> 0:11:18.160 learning from our past failures with centralized systems, so we 0:11:18.200 --> 0:11:19.480 know that what we need to do to kind of 0:11:19.520 --> 0:11:21.960 make things easier for people. And so even with Monarch, 0:11:22.440 --> 0:11:23.960 you know, right now you have to belong to like 0:11:24.160 --> 0:11:26.800 you know, fifteen different exchanges, twenty different exchanges, have twenty 0:11:26.800 --> 0:11:30.560 different wallets, have all these different KYC processes, have all 0:11:30.600 --> 0:11:34.200 these different barriers to entry for people into crypto. And 0:11:34.240 --> 0:11:36.840 so the Monarch wallet isn't like a wallet like just 0:11:36.920 --> 0:11:40.120 for money. It's a wallet for all the best services 0:11:40.160 --> 0:11:42.360 and all the best businesses out there to come under 0:11:42.720 --> 0:11:44.880 you know, one umbrella to be in one wallet for 0:11:44.880 --> 0:11:48.599 for the user to access all these cool services and 0:11:48.600 --> 0:11:51.920 and um, you know, features and companies all from one 0:11:51.960 --> 0:11:54.880 log in process, all from one k y C process, 0:11:55.240 --> 0:11:58.000 all from one app that's gonna be dumbed down to 0:11:58.080 --> 0:12:00.640 where you know, I'll be able to use it if 0:12:00.679 --> 0:12:02.480 I was six years old, you know what I mean. Basically, 0:12:02.640 --> 0:12:05.000 you know, we're just gonna make this this custom user 0:12:05.080 --> 0:12:07.120 experience that no matter what they're trying to do, they'll 0:12:07.160 --> 0:12:09.679 be able to access it from one spot from all 0:12:09.720 --> 0:12:11.199 of our partners. And if you look at what we've 0:12:11.240 --> 0:12:13.760 developed and dropped so far, you know, it's incredible what 0:12:13.760 --> 0:12:16.480 we've already done, you know. Uh, like when we launched, 0:12:16.720 --> 0:12:19.520 we've done more than most people with hundreds of millions 0:12:19.520 --> 0:12:21.560 of dollars of market cap, and we came out with 0:12:21.600 --> 0:12:23.520 our product first, and every week it just gets better 0:12:23.520 --> 0:12:25.280 and better and better, and you can see all the 0:12:25.280 --> 0:12:27.840 partners that we keep bringing on and UM where this 0:12:27.920 --> 0:12:30.400 is going. So I want us to be that one 0:12:30.440 --> 0:12:33.080 spot for people to where they can no matter what 0:12:33.080 --> 0:12:34.800 it is they want to do with crypto or finances, 0:12:34.840 --> 0:12:36.760 will have in one spot and it'll just be one 0:12:36.840 --> 0:12:39.680 easy log in process, one easy k y C process 0:12:39.720 --> 0:12:42.480 for those services that need that. And UM you know, 0:12:42.480 --> 0:12:44.240 hopefully will get there a lot, a lot sooner than 0:12:44.280 --> 0:12:48.000 from nine four to you know, se nineteen. You know, 0:12:48.040 --> 0:12:50.480 it was really like like fifteen nineteen years or something 0:12:50.600 --> 0:12:53.360 in between, like before we really started getting easier for 0:12:53.400 --> 0:12:56.360 people to use and start building own websites and UM, 0:12:56.400 --> 0:12:58.280 but hopefully we'll get there a lot sooner. I'm hoping 0:12:58.320 --> 0:13:00.400 like maybe in the next year that we'll be able 0:13:00.400 --> 0:13:02.839 to do it. Yeah, we definitely will. Right, we can 0:13:02.840 --> 0:13:05.760 look back at every technology cycle has a shorter adoption period. 0:13:05.840 --> 0:13:09.800 So it took the telephone eighty years or seventy years 0:13:09.840 --> 0:13:12.280 to reach eighty percent adoption, But the Internet, I did 0:13:12.280 --> 0:13:16.600 it in fifteen years because the lines were already there, right, Um, 0:13:16.880 --> 0:13:19.000 and the Internet, Uh, you know, the Internet took a 0:13:19.000 --> 0:13:20.559 long time because there was no way to share information. 0:13:20.559 --> 0:13:23.240 But today informations everywhere, everyone's catching on hearing about it 0:13:23.240 --> 0:13:28.800 way fast. The lines are already there, so it definitely will. Now, Um, 0:13:28.880 --> 0:13:31.320 are you are you trying to build something? I mean 0:13:31.480 --> 0:13:34.400 I guess you're You're not necessarily disrupt anything because this 0:13:34.480 --> 0:13:37.080 market is so new. You're actually building something new within 0:13:37.120 --> 0:13:39.800 the marketplace. And that's kind of like a centralized place 0:13:39.880 --> 0:13:41.600 where you can kind of control everything. Like you said, 0:13:41.720 --> 0:13:45.040 is that is that from like uh, exchanging your coins, 0:13:45.040 --> 0:13:48.000 storying your coins, or spending your coins, like all in 0:13:48.040 --> 0:13:52.080 one location, all of it. So imagine if you anything 0:13:52.080 --> 0:13:54.360 and everything crypto, anything you want to do, whether it's 0:13:54.480 --> 0:13:57.640 crypto kidies or a crypto game, or if it's decentralized 0:13:57.679 --> 0:14:03.559 files sharing, whether it's your finance is, whether it's you know, buying, selling, sending, receiving, 0:14:03.679 --> 0:14:06.640 storing crypto, all the different various coins, all the various 0:14:06.640 --> 0:14:09.640 different tokens, anything and everything crypto all held within one 0:14:09.679 --> 0:14:12.040 wallet so that way you can do everything that you 0:14:12.080 --> 0:14:14.240 need from one place. So think about it is like 0:14:15.000 --> 0:14:17.760 one entry point to all the best services and businesses 0:14:17.800 --> 0:14:19.680 out there that we partner with. So I mean, we've 0:14:19.680 --> 0:14:22.040 got some of the biggest and most respected names and 0:14:22.080 --> 0:14:24.160 crypto as our partners, and we just keep adding more 0:14:24.200 --> 0:14:26.560 and more and more every single week. And so they're 0:14:26.600 --> 0:14:29.080 all just going to be plugging into us having access 0:14:29.400 --> 0:14:31.760 to our users, and our users will have access to 0:14:31.800 --> 0:14:33.440 their service and they'll be able to do it all 0:14:33.480 --> 0:14:35.600 from one place. So it's pretty incredible. I've never seen 0:14:35.600 --> 0:14:38.560 anybody to do this before. And um, it comes from 0:14:38.600 --> 0:14:40.880 you know, me being in the space. It comes from 0:14:40.960 --> 0:14:43.080 you know the I guess it's kind of like the 0:14:43.080 --> 0:14:45.240 hassles that I have to deal with to access all 0:14:45.240 --> 0:14:48.240 these different services that that I like, Um, you have 0:14:48.280 --> 0:14:50.360 to belong all these different things, and all the pains 0:14:50.360 --> 0:14:52.560 that I hear about from people trying to come into 0:14:52.600 --> 0:14:54.720 the space, and it just kind of makes sense that, 0:14:54.920 --> 0:14:57.080 like with Monarch, I just build something you know for 0:14:57.120 --> 0:15:01.240 me that I like. And my co founder, Snay adds 0:15:01.280 --> 0:15:03.040 you know, a ton of value. He had a bunch 0:15:03.040 --> 0:15:04.600 of stuff that he didn't like, you know, in the 0:15:04.600 --> 0:15:06.680 crypto space, and so the two of us came together 0:15:06.720 --> 0:15:10.280 and basically build something you know, for us that you know, 0:15:10.320 --> 0:15:13.160 the world you know, would appreciate and use. And we've 0:15:13.200 --> 0:15:15.080 been seeing that just more and more, you know, with 0:15:15.120 --> 0:15:18.360 two and fifty thousand downloads and with our communities just growing, 0:15:18.400 --> 0:15:20.960 you know, astronomically, we can see that we're onto something 0:15:20.960 --> 0:15:22.960 and we're just we're building stuff we would use, you know, 0:15:23.040 --> 0:15:25.240 just like the shirts you know on our YouTube channel 0:15:25.280 --> 0:15:27.400 we give away you know, shirts and hats and stuff 0:15:27.440 --> 0:15:29.680 like that. It's stuff that that I wear, stuff that 0:15:29.720 --> 0:15:31.880 I would use, right I don't, you know, try to 0:15:32.000 --> 0:15:33.360 do any of this stuff to just make a quick 0:15:33.360 --> 0:15:35.880 buck and leave. You know, we've we've made our money. 0:15:35.880 --> 0:15:37.840 God has been great to us. So we're we're building 0:15:37.840 --> 0:15:40.080 stuff for people that they can actually use every single 0:15:40.160 --> 0:15:42.960 day and make their lives you know better, and give 0:15:42.960 --> 0:15:45.040 them basically an interface. It makes it really simple for 0:15:45.120 --> 0:15:46.480 them to do it, to have access to all these 0:15:46.520 --> 0:15:49.200 different services and all these different companies all from one 0:15:49.200 --> 0:15:52.840 place and one a loog and experience. Yeah, So building 0:15:52.960 --> 0:15:55.000 in this space and then working with a bunch of 0:15:55.000 --> 0:15:56.600 these companies like you are, it gives you like a 0:15:56.640 --> 0:15:59.760 different perspective than most people see now. It seems like, 0:15:59.800 --> 0:16:02.160 you know, obviously with bitcoin and ethereum, I mean are 0:16:02.160 --> 0:16:04.960 more decentralized today, it seems like we're seeing a more 0:16:05.120 --> 0:16:07.680 centralized kind of building points. So like most of these 0:16:07.680 --> 0:16:10.400 companies now maybe have equity and there's people building. Do 0:16:10.440 --> 0:16:12.960 you think, uh, it's much easier to build in a 0:16:12.960 --> 0:16:18.480 more centralized manner than like a decentralized manner thousand thousand percent. Yeah. 0:16:18.480 --> 0:16:20.960 I mean, if if you want to create something that 0:16:21.000 --> 0:16:23.920 you know works, that's easy to use, and you and 0:16:24.040 --> 0:16:26.360 you want to basically control everything, yeah, I mean you 0:16:26.360 --> 0:16:28.960 can do that, you know, in a day. But if 0:16:29.000 --> 0:16:31.280 you want to create something that's you know, truly decentralized, 0:16:31.360 --> 0:16:33.880 that or at least a hybrid. I've always said from 0:16:33.880 --> 0:16:35.400 the start, and I've said this for years, that you 0:16:35.440 --> 0:16:38.320 need something that's a hybrid. You need something that's centralized 0:16:39.120 --> 0:16:40.960 for all the bulky stuff and they need something to 0:16:41.040 --> 0:16:43.680 centralize for all the sensitive stuff. So for instance, like 0:16:43.680 --> 0:16:46.120 a YouTube channel. Um, you know, you don't want to 0:16:46.160 --> 0:16:48.960 go throwing all your videos and all your content on 0:16:49.000 --> 0:16:52.200 a blockchain. It doesn't make sense. But you want to 0:16:52.240 --> 0:16:54.080 basically be able to have access to all your fans 0:16:54.080 --> 0:16:56.040 and your subscribers, So that stuff there should be on 0:16:56.040 --> 0:16:58.360 a blockchain that only you and you alone have access to. 0:16:58.880 --> 0:17:00.560 So that would be the central of wise, but the 0:17:00.640 --> 0:17:03.520 video storage would be centralized because it doesn't matter if 0:17:03.520 --> 0:17:05.280 they get rid of your videos. You know, you have 0:17:05.320 --> 0:17:07.960 access to your to your subscribers, to your fans, you know, 0:17:08.000 --> 0:17:10.000 to all those people. So it's the same thing with 0:17:10.240 --> 0:17:12.639 like even with Monarch, everything we've built so far, the 0:17:12.680 --> 0:17:15.080 wallet size is completely decentralized. We don't even have their 0:17:15.119 --> 0:17:17.840 email address. But as we start adding other services and 0:17:17.840 --> 0:17:20.960 we create this platform, and then they'll be centralized aspects 0:17:21.000 --> 0:17:22.879 of it, because you're gonna want to plug in all 0:17:22.880 --> 0:17:24.919 these different services, so there's gonna have to be some 0:17:24.920 --> 0:17:28.280 centralized services. However, all the private stuff, all the stuff 0:17:28.280 --> 0:17:30.000 that you want to keep safe and secure and things 0:17:30.040 --> 0:17:32.560 like that, you know, you'll have access to your you'll 0:17:32.560 --> 0:17:34.800 be able to do that all decentralized, So it needs 0:17:34.800 --> 0:17:36.320 to be a mixture of both. But if you just 0:17:36.359 --> 0:17:39.040 go full centralized, then you're always I mean, why do 0:17:39.080 --> 0:17:40.960 it at all? Why don't just use the traditional system. 0:17:41.000 --> 0:17:43.400 You're basically right back at square one doing the same 0:17:43.440 --> 0:17:46.119 thing we've always done. You're just basically giving your funds 0:17:46.119 --> 0:17:48.679 and your power to somebody else. Yeah, that's exactly right. 0:17:48.720 --> 0:17:51.680 And and for me, the killer app with bitcoin got 0:17:51.760 --> 0:17:56.679 me excited was the censorship resistance ability of that right 0:17:56.720 --> 0:18:01.560 where it's like it whatever I have can't be eased, stolen, manipulated, 0:18:01.560 --> 0:18:02.480 and if I want to send it to you, it 0:18:02.520 --> 0:18:04.720 can't be stopped, blocked, or prevented. So it's that like 0:18:04.760 --> 0:18:09.399 that sent that that decentralized or censorship resistance nature. And uh, 0:18:09.480 --> 0:18:13.040 what scares me is going to more centralized models, is 0:18:13.080 --> 0:18:15.879 that a court order could just change all that. And 0:18:15.960 --> 0:18:18.280 that's what I didn't like about the current system today. 0:18:18.280 --> 0:18:19.439 I mean, if you look at the amount of like 0:18:19.440 --> 0:18:22.200 bank seizures that happen in the United States, it's astronomical, 0:18:22.800 --> 0:18:25.600 and I don't like that. Right, Like, you look at people, 0:18:26.080 --> 0:18:28.399 whether it be Adam Horowitz today or was Julian O 0:18:28.480 --> 0:18:30.680 Songe before and they can't get money, like, they can't 0:18:30.680 --> 0:18:32.440 even get accounts, Like, I don't like that. So it's 0:18:32.440 --> 0:18:34.800 that censorship resistance. And so as you moved to that 0:18:34.880 --> 0:18:41.520