WEBVTT - Cliff Notes: WHY ETHEREUM IS MORE IMPORTANT THAN BITCOIN

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<v Speaker 1>You just realized your business needed to hire someone yesterday.

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<v Speaker 2>To question what Jim Jones was speaking about about the

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<v Speaker 2>Central Land.

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<v Speaker 3>I never heard of.

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<v Speaker 2>That before, and I'm kind of from like getting familiar

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<v Speaker 2>with the crypto and NFT space, and I just wanted

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<v Speaker 2>to know if y'all can elaborate a little more on

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<v Speaker 2>what the Central Land is.

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<v Speaker 3>Yeah, we gotta keep a thousand with you. I can't.

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<v Speaker 3>I gotta go research. We spoke about that with nineteen Keys.

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<v Speaker 4>So it's a it's a virtual world inside the virtual

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<v Speaker 4>world pretty much. I mean, I think that's the easiest

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<v Speaker 4>way to put it. It's so virtual reality world that

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<v Speaker 4>has a virtual reality world inside of it. From my understanding,

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<v Speaker 4>I'll do more research on it for you, but that's

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<v Speaker 4>the basic answer I can get for you.

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<v Speaker 3>Yeah, okay, so ahead, I got bro Now.

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<v Speaker 2>I was saying, so like, is it something along the

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<v Speaker 2>lands of n f ts where it's profitable or is

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<v Speaker 2>it just like a fantasy for like children who play

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<v Speaker 2>like the Fortnite and stuff like that.

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<v Speaker 3>Virtual land is a world. N FT is a it's

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<v Speaker 3>like an item.

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<v Speaker 5>So like an NFT is like that DMX album Rest

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<v Speaker 5>in Peace, Like you know what I mean, you can

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<v Speaker 5>turn that into an NFT. Like let's say DMX was

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<v Speaker 5>still alive and he wanted to make a limited edition

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<v Speaker 5>of that album, signed autograph, hologram, whatever, and then people

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<v Speaker 5>can pay for it and it's like it costs two

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<v Speaker 5>thousand dollars, right, and they get the digital version of that.

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<v Speaker 5>So that's like the NFT where it's actually an item

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<v Speaker 5>that you're actually purchasing and you can resell an n FT,

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<v Speaker 5>but the central land is more of actual.

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<v Speaker 3>Like a platform, like a world.

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<v Speaker 5>So once again going back to the video game analogy,

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<v Speaker 5>if you're familiar with Fortnite, like Fortnite is the actual

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<v Speaker 5>video game, but inside of Fortnite you have little you

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<v Speaker 5>have other things, so you can buy skins. So skins

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<v Speaker 5>would be kind of like an NFT because it's an

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<v Speaker 5>in app purchase. That's what they call it, an in

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<v Speaker 5>app purchase, in game purchase or whatever. So it's like

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<v Speaker 5>in the game, you're purchasing stuff inside the game. So

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<v Speaker 5>the central land is like you know, supermarket, and then

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<v Speaker 5>inside of the central Land you have a bunch of

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<v Speaker 5>different stuff that you can actually purchase inside of the platform.

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<v Speaker 6>Yeah, NFTs like something you collect.

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<v Speaker 4>And some people may not understand Fortnite, like two K

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<v Speaker 4>it's like my player thing. In order to be better,

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<v Speaker 4>you got to add skills and so you got to

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<v Speaker 4>purchase things to be better. And so like when we

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<v Speaker 4>saw that concept years ago, we're like, oh, this is

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<v Speaker 4>gonna be the way of the future.

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<v Speaker 6>So that's pretty much how it is.

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<v Speaker 3>Appreciate it. Yeah, yeah, yeah, real quick.

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<v Speaker 4>I'm gonna just do the earnings report some of the

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<v Speaker 4>companies obviously that we spoke about and probably gonna make

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<v Speaker 4>a move on in the next couple of weeks. PayPal

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<v Speaker 4>will be reporting on Wednesday. Square shout out to Jamal,

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<v Speaker 4>I know he's heavy on Square. That we're reporting on

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<v Speaker 4>Thursday is along with Roku, and then Friday, you know,

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<v Speaker 4>my favorite, one of my favorites, Draft Kings will be reporting,

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<v Speaker 4>so we'll see shout out the DraftKings and let's see,

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<v Speaker 4>let's get a couple more uh Dan, Yeah, we're coming

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<v Speaker 4>to you.

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<v Speaker 6>And they cut your lights out over there? What was going on?

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<v Speaker 3>Yeah? Like that. Something always breaks on my end this week.

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<v Speaker 6>Very good, you celebrate they all what's up?

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<v Speaker 3>Hi? Oh my god.

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<v Speaker 7>I can't believe you guys picked me. But my question too.

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<v Speaker 7>And as I'm trying to decide for on your website,

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<v Speaker 7>the the Alpha or the stock Club, I really want

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<v Speaker 7>to learn how to break down charts, so I'm trying,

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<v Speaker 7>so which one should I pay?

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<v Speaker 3>Are you long term investing yet? Yes? How many? What

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<v Speaker 3>companies are you invested in?

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<v Speaker 7>Apple? Microsoft, Draft Kings?

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<v Speaker 3>I can't open I can't. No, you're good.

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<v Speaker 8>If you end up doing club, I'll do a one

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<v Speaker 8>on one session with you on charting, a two hour

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<v Speaker 8>session with you as a bonus for free.

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<v Speaker 4>Okay, tonight you work right now?

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<v Speaker 7>Yes? I am at work.

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<v Speaker 3>You dedicated. I appreciate you.

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<v Speaker 6>I'm gonna look like it might be or something.

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<v Speaker 3>I'm a nurse.

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<v Speaker 6>Okay, erness, what's up?

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<v Speaker 4>You ever walk into a small business and everything just

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<v Speaker 4>works like The checkout is fast, the receipts are digital,

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<v Speaker 4>tipping is a breeze, and you're out the door before

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<v Speaker 4>the line even builds. Odds are they're using Square. We

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<v Speaker 4>Visit Square dot com backslash go backslash eyl to learn

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<v Speaker 4>don't hesitate. Let's Square handle the back end so you

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<v Speaker 4>can keep pushing your vision forward. This episode is brought

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<v Speaker 4>to you by P and C Bank. A lot of

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<v Speaker 4>people think podcasts about work are boring, and sure, they

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<v Speaker 1>You just realized your business needed to hire someone yesterday?

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<v Speaker 1>How can you find amazing candidates fast? Easy? Just use

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<v Speaker 1>indeed stop struggling to get your job? Posts seen on

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<v Speaker 1>and listeners of this show will get a seventy five

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<v Speaker 1>dollars sponsored job credit to get your jobs more visibility

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<v Speaker 1>at indeed dot com slash pod katz thirteen. Just go

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<v Speaker 1>to Indeed dot com slash po d kat z thirteen

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<v Speaker 1>right now and support our show by saying you heard

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<v Speaker 1>Indeed is all you need.

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<v Speaker 3>Get into it.

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<v Speaker 6>Thank you for all you do.

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<v Speaker 7>Oh, thank you all right, thank you.

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<v Speaker 8>Roku two sixty eight forty four would not be bad

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<v Speaker 8>if it goes to that level what we got for

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<v Speaker 8>squid An, what's the Square Squares the new JP Morton?

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<v Speaker 8>If Square goes to two O nine thirty six Infinity

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<v Speaker 8>Stone Like arguably, Jack maybe one of the greatest CEOs

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<v Speaker 8>of all time. He's running two publicly traded companies. I

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<v Speaker 8>want him to be the Microsoft CEO.

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<v Speaker 3>So damn bad. But I mean this CEO is great,

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<v Speaker 3>but what he's been able to do.

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<v Speaker 4>I don't think people really even understand that. Like two

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<v Speaker 4>two man shout out to Twitter.

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<v Speaker 3>Let's look, can we tell you real quick before.

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<v Speaker 5>Just a little bit more in depth so people might

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<v Speaker 5>not be familiar with ethereum.

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<v Speaker 6>Good.

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<v Speaker 5>So, yeah, Ethereum is something that I've been invested in

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<v Speaker 5>since twenty seventeen, and as I said earlier, I put

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<v Speaker 5>more in the last couple of months after that call

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<v Speaker 5>with Francis for el University and then again after that.

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<v Speaker 5>But the reason why ethereum I was always fond of

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<v Speaker 5>ethereum because like that's when it was first explained to

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<v Speaker 5>me back when I first got into the space in

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<v Speaker 5>twenty seventeen, was that, you know, ethereum is like the

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<v Speaker 5>highway where you have a lot of stuff that's actually

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<v Speaker 5>being built on ethereum. And now with these NFTs, a

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<v Speaker 5>lot of NFTs are being built on ethereum, and a

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<v Speaker 5>lot of NFTs are being purchased with ethereum. So you

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<v Speaker 5>can actually make an argument it's probably not even an argument.

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<v Speaker 5>Ethereum has more of a use case than bitcoin, and

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<v Speaker 5>it's more efficient than bitcoin. So a lot of people,

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<v Speaker 5>probably everybody has heard of bitcoin, and recently, you know,

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<v Speaker 5>with doge coin, everybody's been you know, running.

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<v Speaker 6>Crazy with that.

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<v Speaker 5>But community, you want to look for some real value

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<v Speaker 5>in a cryptocurrency, Ethereum is second to none, probably the

0:10:05.720 --> 0:10:11.280
<v Speaker 5>most useful cryptocurrency that there is, is the second largest

0:10:11.280 --> 0:10:15.679
<v Speaker 5>cryptocurrency as far as market capitalization, and today it definitely

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<v Speaker 5>hit an all time high of north of thirty four hundred.

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<v Speaker 6>It just retracted a little bit.

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<v Speaker 5>But you know, Ethereum is one of these coins that

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<v Speaker 5>its growth over the last four or five years has

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<v Speaker 5>actually been more than bitcoin twelve hundred percent rate of

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<v Speaker 5>return in the last twelve months. Quietly, you know, I

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<v Speaker 5>mean people in the space nobody therem It's not a secret,

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<v Speaker 5>but okay, it's not something that is talked about on

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<v Speaker 5>the news every day, and it's not like you know,

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<v Speaker 5>like I said, if you and crypto, you know nobodytherium.

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<v Speaker 5>But if you are new to crypto, or if you

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<v Speaker 5>are a crypto novice, you might not have heard of ethereum,

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<v Speaker 5>or you might have just heard of it and not

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<v Speaker 5>fully been aware of what's going on. So even when

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<v Speaker 5>you purchase crypto, you have to purchase crypto with crypto.

0:10:58.640 --> 0:11:00.319
<v Speaker 3>And like the coins.

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<v Speaker 5>All coins are alternative coins, any coin like outside of bitcoin,

0:11:04.000 --> 0:11:06.280
<v Speaker 5>and most of the time you either have to use

0:11:06.320 --> 0:11:10.400
<v Speaker 5>Bitcoin or Ethereum for most purchases. So Ethereum is something

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<v Speaker 5>that I think is here to stay. Even Mike talked

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<v Speaker 5>about that last week. And it's no surprise that it

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<v Speaker 5>has reached an all time high, and I think that

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<v Speaker 5>it's going to continue to go.

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<v Speaker 8>I Ian just went is ded, but my microphone is beautiful.

0:11:30.480 --> 0:11:32.440
<v Speaker 6>Yeah.

0:11:32.520 --> 0:11:36.559
<v Speaker 3>You gotta love live man, you gotta love live. We

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<v Speaker 3>last man standing rebuilt.

0:11:40.400 --> 0:11:40.559
<v Speaker 6>Yeah.

0:11:40.600 --> 0:11:42.520
<v Speaker 4>I mean we've always been bulleted on on on ethereum,

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<v Speaker 4>and I think at the top of the year was

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<v Speaker 4>like thirteen hundred and we were just kind of saying,

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<v Speaker 4>like everybody's something about biitcoin, but look ethereum. The use

0:11:50.440 --> 0:11:53.920
<v Speaker 4>case for it is obviously way more beneficial than bloae

0:11:53.920 --> 0:11:57.600
<v Speaker 4>coin at the point, and the fact that ethereum too right,

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<v Speaker 4>A lot of people have been some of the negative

0:12:00.080 --> 0:12:03.040
<v Speaker 4>comments have been like, oh, just too much gas. It's

0:12:03.040 --> 0:12:05.160
<v Speaker 4>moving too slow, and that's why, you know, a lot

0:12:05.160 --> 0:12:07.320
<v Speaker 4>of things have been built because of Etherium was performing

0:12:07.360 --> 0:12:09.040
<v Speaker 4>at that level. But they're having two point zero, which

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<v Speaker 4>we don't know. They said, probably in the next six

0:12:11.320 --> 0:12:13.640
<v Speaker 4>months it'll be here, which will be a vast improvement

0:12:13.640 --> 0:12:15.440
<v Speaker 4>to the speed, and hopefully the gas fees will go

0:12:15.480 --> 0:12:16.199
<v Speaker 4>down because of that.

0:12:16.960 --> 0:12:20.440
<v Speaker 6>So yeah, man, it just makes too much sense for

0:12:20.520 --> 0:12:20.959
<v Speaker 6>this space.

0:12:21.040 --> 0:12:27.239
<v Speaker 4>It makes too much sense not to be involved in Ethereum.

0:12:25.280 --> 0:12:31.280
<v Speaker 3>My graduates from my school being forced back. Drop drop, Mike,

0:12:31.400 --> 0:12:33.560
<v Speaker 3>drop drop drop.

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