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Speaker 1: The coin Bureau Podcast is a production of I Heart Radio.

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Speaker 1: I think perhaps the big threat that the problem that

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Speaker 1: these apps face is one that you know, lots of

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Speaker 1: lots of kind of play to earn and and other

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Speaker 1: crypto projects themselves faced, and that is that the only

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Speaker 1: way that they're going to grow, that the only way

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Speaker 1: that they're going to keep you know, being a thing,

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Speaker 1: is to is to attract new users. And there is

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Speaker 1: that kind of you know, there is I hesitate to

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Speaker 1: use the word, but there is that kind of Ponzi

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Speaker 1: scheme element to it, because you know, in order to

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Speaker 1: in order to keep the users that they have engaged

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Speaker 1: and in order to keep being able to reward them

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Speaker 1: for the activity that they're doing, they need to attract

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Speaker 1: new users into you know, into the ecosystem, new users

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Speaker 1: using the app, buying n f T trainers or you know,

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Speaker 1: minting and spending sweat coins and all this sort of stuff.

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Speaker 1: So you know, there is that there is that difficulty.

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Speaker 1: Welcome everyone to the coin Bureau Podcast. My name is

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Speaker 1: Mad Mike notewait my keep it in some keep it in,

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Speaker 1: and my name is Guy. Well you can you can

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Speaker 1: tell it's been a few weeks, can't you. Yeah, sure,

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Speaker 1: why not, Let's let's keep it like that. My name

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Speaker 1: is mad Mike Mooch and his name is Guy. Welcome

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Speaker 1: to the Coin Bureau podcast. Um, it's been a few

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Speaker 1: weeks since since we last got together, but here we are.

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Speaker 1: So I thought we'd talk about We talked about a

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Speaker 1: little crypto niche one that I think is a very

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Speaker 1: interesting one to to look at. It could well be

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Speaker 1: one to look out for in the future. So, Mike

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Speaker 1: are you Are you basically ready to talk about move

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Speaker 1: to earn? Sure, let's do this. This is something I'm

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Speaker 1: not a hundre cent familiar with. But there was something similar.

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Speaker 1: I downloaded an app where you would you'd have to

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Speaker 1: do I think it was during the pandemic. It might

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Speaker 1: have been just before the pandemic, where you had to move,

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Speaker 1: you had to walk and if you walked or step

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Speaker 1: coin or something like that coin steps or something like that,

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Speaker 1: sweat sweat coin, sweat coin that was it? Is this

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Speaker 1: the same thing that's one of the projects we're talking

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Speaker 1: about today. Yeah, we'll see again. I'm a pioneer and

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Speaker 1: I didn't even know it. I'm like, uh, is there

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Speaker 1: some pioneer who discovered something didn't know Columbus. He was

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Speaker 1: trying to find India and found America or or the

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Speaker 1: Caribbean at Yeah. Um, I'm like less less genocide. Um

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Speaker 1: yeah he uh yeah. So I was on this ages

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Speaker 1: ago um, and I tried to attach my phone to

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Speaker 1: my dog so that it would be constantly moving. But

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Speaker 1: he is quite a small dog and I had quite

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Speaker 1: a big phone. Um. And it seemed like quite a

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Speaker 1: lot of effort. It was quite good. Um. I don't

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Speaker 1: think I earned anything or claimed anything from it, but

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Speaker 1: I quite like the premise of it, which was move

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Speaker 1: your fat ass and if you move enough, you will

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Speaker 1: you will get rewarded with some tokens or some some

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Speaker 1: sort of thing I didn't realize as crypto. Thank you

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Speaker 1: very much everyone for listening to the Coin Bureau podcast.

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Speaker 1: That is that was moved to earn next week. That

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Speaker 1: was a beautiful, a beautiful summation of the entire move

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Speaker 1: to earn genre. Yeah, get off your fat ass and

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Speaker 1: start moving around. No, don't attach it to the dog.

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Speaker 1: Don't try that. That's that's interesting. I was. I was

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Speaker 1: reading up on on some of these projects, and like,

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Speaker 1: there are crypto projects, you know, doing this sort of thing.

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Speaker 1: And you know, putting in certain safeguards so as people

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Speaker 1: can't literally attach them to their dogs. And I remember

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Speaker 1: when I was reading about that, I was like, surely

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Speaker 1: no one would do that, would they would? I mean, look,

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Speaker 1: there's a whole there's a whole um niche of people

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Speaker 1: out there whose main objective is just to cheat the system.

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Speaker 1: Now I'm very very loosely involved in that, but because

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Speaker 1: I'm also lazy, but I know some friends who will

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Speaker 1: will expend serious amounts of energy and time just to

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Speaker 1: to to screw over some sort of offer and get

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Speaker 1: the most out of it. You see these people, like

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Speaker 1: these coupon collectors in America who and they're making big

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Speaker 1: bucks by doing this. They scour and collect coupons and

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Speaker 1: some of the coupon deals. It's not like in England

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Speaker 1: where it's like you can only use this coupon not

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Speaker 1: in conjunction with other offers. In America they don't seem

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Speaker 1: to have that. And it's kind of like if you

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Speaker 1: get enough for these coupons, you're basically getting products for free.

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Speaker 1: And there's these um normally housewives or but you know,

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Speaker 1: anyone can be a coupon collector who dedicate their time,

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Speaker 1: go to websites about it, trading coupons, all sorts of stuff,

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Speaker 1: and I'm making not making millions, but saving big, big bucks.

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Speaker 1: And they've got you know, warehouses full of just you know,

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Speaker 1: washing detergent and different cereals. They're like preppers, but just

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Speaker 1: and it's it's that, it's that bit in your brain

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Speaker 1: where you you know, it's it's it's a game. Okay, cool,

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Speaker 1: I've got to beat the system. I've got to get

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Speaker 1: the coupon. I'll click the points. We've got to click,

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Speaker 1: you know, complete the loyalty card stamp and and you know,

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Speaker 1: and and and get my free tide pods or whatever

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Speaker 1: it is. Yeah, it's it's an interesting parallel to draw

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Speaker 1: actually between between that and games, because I think that's

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Speaker 1: a big I think that's a big part of it. Um.

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Speaker 1: I remember seeing you know, Charlie Brooker over and back

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Speaker 1: in back in the UK. I remember he did a

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Speaker 1: run down of some of you know, the greatest games

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Speaker 1: in history or something like that, and like he covered

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Speaker 1: the more you know, Zelder and Mario and Gold nine,

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Speaker 1: all these sorts of things, and then like for number

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Speaker 1: one he had I think it was Twitter and it

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Speaker 1: was like what, and then he sort of explained it,

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Speaker 1: like all the kind of gamification kind of metrics that

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Speaker 1: it uses, and like you know, Instagram uses and things

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Speaker 1: like this, you know, the sort of loot boxes thing

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Speaker 1: and the dopamine hits and all that sort of stuff.

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Speaker 1: And it's like, actually, yeah, if you if you can

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Speaker 1: add these kind of gamification elements, you can really you

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Speaker 1: can really suck people in. You know, they really get

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Speaker 1: they really get involved with it more. I introduced a

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Speaker 1: loyalty card at the comedy club I run, and we

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Speaker 1: see people who you know that they come down and

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Speaker 1: then they're almost more excited to get the stamp than

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Speaker 1: they are toist see the show. And that's not an

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Speaker 1: indication of the level of the show. That's just how

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Speaker 1: how they are keen to to to sort of you know,

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Speaker 1: complete the stamps and and and win that that little

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Speaker 1: game in their head. And I do it as well.

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Speaker 1: I I m I started a subscription PREP subscription, which

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Speaker 1: I believe they've also got in America. Uh, and you know,

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Speaker 1: you get five coffees a day. And because of that,

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Speaker 1: I went to PREP four times at least a day

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Speaker 1: in order to get that. I was just like you

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Speaker 1: know what, I'm going to get another free coffee because

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Speaker 1: I want to make sure they're earning as little from

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Speaker 1: me as possible. I mean, admittedly, when I'd go in there,

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Speaker 1: I'd buy two sandwiches and a chocolate bar and completely

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Speaker 1: was unaware that I'm the one who's been exploited, not them.

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Speaker 1: But that's it's just that psychological game that that you're playing.

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Speaker 1: And I suppose this is probably what the sweat cooin

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Speaker 1: thing is, but I don't understand. I mean, I know

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Speaker 1: you've sent me the notes and obviously haven't read any

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Speaker 1: of them, and I don't want to derail this too

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Speaker 1: much more than usual. But how does sweat coin make money? What?

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Speaker 1: What is the purpose in it? Is it a government

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Speaker 1: incentive to stop us being fat? Is it? Is it

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Speaker 1: they're tracking our data and finding out where we are going?

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Speaker 1: And is that where they're making their money? Are they

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Speaker 1: just making sure we're out the house? And are they

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Speaker 1: robbing us while they're away? How does it make money?

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Speaker 1: Why are they paying us to move? I think, and

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Speaker 1: I think in large part it's it's about advertising, because

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Speaker 1: you know they've created this platform whereby you know that

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Speaker 1: they have a lot of they you know, it's about

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Speaker 1: getting people engaged. And again it's the gamification aspect of

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Speaker 1: it that I think keeps a lot of people coming back.

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Speaker 1: And therefore, you build a you know, you build a

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Speaker 1: platform and you build a community around that platform. And

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Speaker 1: then the I mean, you've you've used sweat coins, so

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Speaker 1: you'll you'll know that there's kind of a you know,

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Speaker 1: sort of in in in app marketplace where you can

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Speaker 1: trade these sweat coins for like you know, it mostly

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Speaker 1: seems to be earbuds and things like that, but you know,

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Speaker 1: that's I think. I think the big draw there is

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Speaker 1: is people is eyeball is eyeballs basically, and you know,

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Speaker 1: therefore you can you can build this kind of marketplace,

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Speaker 1: you can advertise within that marketplace and all that sort

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Speaker 1: of stuff, and that I think is is how they

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Speaker 1: make you know, a lot of their money fair enough,

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Speaker 1: fair enough. Well, when you say it like that, that

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Speaker 1: makes complete sense. Maybe they aren't robbing people while they're out.

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Speaker 1: Maybe they are, but who knows, who knows? Your your

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Speaker 1: explanation makes a bit more sense. Okay, well that's good.

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Speaker 1: I mean, I do my best, but no, it's an

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Speaker 1: interesting it's an interesting thing, you know, it's it's interesting

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Speaker 1: the way these projects work, and obviously crypto puts a

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Speaker 1: different kind of money making angle on it as well. Um.

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Speaker 1: But yeah, I mean, well, I'm glad you're sort of

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Speaker 1: I'm glad you're kind of familiar with sweat coin because it's, yeah,

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Speaker 1: it's it's one of the ones that we're it's one

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Speaker 1: of the ones that we're sort of going to talk

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Speaker 1: about a bit um and that and another project and stuff.

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Speaker 1: But um, you've been it's been a while since since

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Speaker 1: we've we've had a pod together, me and you. It

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Speaker 1: has been a long time, hasn't it. I have been,

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Speaker 1: I have been very well. I've I was on holiday

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Speaker 1: in Zanzibar a couple of weeks ago, which was very nice,

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Speaker 1: highly recommended. Um, and then I came back and just

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Speaker 1: had so much kind of work and sort of stuff

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Speaker 1: piled up that I just didn't have time to to

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Speaker 1: prepare for a podcast. But but now fortunately kind of

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Speaker 1: you know that thing where you go on holiday and

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Speaker 1: you're like, oh, I'm just going to relax for a

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Speaker 1: week and you have a lovely kind of relaxing time,

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Speaker 1: and then you get back and because you haven't done

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Speaker 1: any work for a week, everything is absolutely mental and

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Speaker 1: you you know, you spend like the next two three

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Speaker 1: four weeks kind of catching up on everything you missed

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Speaker 1: whilst you were away, and you don't feel like you've

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Speaker 1: had a holiday at all. No holidays are it's just

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Speaker 1: a complete miss. No, like the stress and of organizing one,

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Speaker 1: and then the travel stress. Then when you get there

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Speaker 1: and it's like, okay, cool, is it living up to

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Speaker 1: my expectations. I never stopped working and and my I've

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Speaker 1: always got something on my mind and I enjoy my work.

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Speaker 1: So I'm just working in a new environment that's costing

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Speaker 1: me more money. And then it's the travel back. And

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Speaker 1: then also at on top of that the arguments because

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Speaker 1: I've not really been relaxing and spending time with my family,

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Speaker 1: I've just been working in a hot place. Means that

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Speaker 1: I don't like holidays that much. I must say, I'm

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Speaker 1: kind of with you. I Like we we went away

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Speaker 1: and like we were really sort of strict about like

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Speaker 1: we're going to we're going to relax, we're not going

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Speaker 1: to do anything and stuff, and it was really nice

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Speaker 1: for about twenty four hours and then it was sort

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Speaker 1: of like ah, yeah, and then but we did have

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Speaker 1: a relaxing week in the end, but there was you know,

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Speaker 1: there was sort of stress at the back of your

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Speaker 1: back of my mind. And then on the final more

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Speaker 1: like we were leaving at really early in the morning,

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Speaker 1: we had to get a taxi from our hotel to

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Speaker 1: the airport, which was about an hour and a half

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Speaker 1: drive away, and the taxi just didn't turn up, so

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Speaker 1: you know, we were getting into worried about missing our

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Speaker 1: plane territory, and you know, fortunately managed to rustle up

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Speaker 1: another taxi from somewhere and I just like, in that

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Speaker 1: sort of frantic taxi ride to the airport, I was like, okay,

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Speaker 1: well that's all the relaxation from the holiday just melted

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Speaker 1: away in this slight past hour and a half of

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Speaker 1: pure and liquid stress. Okay, cool, this is going to

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Speaker 1: cost me a lot of money in rebooking a flight,

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Speaker 1: gonna get another hotel, got to kill a taxi driver

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Speaker 1: and hide a body in Zandibar, And yeah, it's it's

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Speaker 1: a lot of things to sort of take on board.

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Speaker 1: But also when you have kids. If you have kids,

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Speaker 1: it makes even worse because it's kind of like just

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Speaker 1: traveling with just a ball of explosive pooh that that

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Speaker 1: going on a plane. Um, and then there's the baby

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Speaker 1: as well, So you know, professional professional comedian. It's just seamless,

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Speaker 1: just seamless. What has happened since we last talked? What

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Speaker 1: was the last since we last podcast? That was to

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Speaker 1: three weeks ago, maybe longer. I think it was about

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Speaker 1: a month ago. Yeah, month ago. It was about a

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Speaker 1: month ago. A lot has happened in the last month.

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Speaker 1: It's been. Yeah, it's been sort of more kind of

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Speaker 1: classic bear market going on. I think, well, one of

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Speaker 1: the more one of the kind of more interesting things

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Speaker 1: to happen, certainly in the last week or so, has

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Speaker 1: been the has been this Twitter takeover. Elon Musk is

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Speaker 1: now is now chief chief Twit came into Twitter headquarters

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Speaker 1: with a sink yeah, And I'm not sure was that

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Speaker 1: all just an elaborate pun, because he then tweeted out

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Speaker 1: let that sink in. Yeah, I just bought Twitter. Let

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Speaker 1: that sink in. And I remember that's a lot of

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Speaker 1: effort for a poor bit of wordplay, for for a

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Speaker 1: pretty cheesy pun. Yeah. I remember watching that and thinking

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Speaker 1: if I was a Tesla shareholder, I would be really

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Speaker 1: concerned right now on just so many levels, Like this

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Speaker 1: is the man, this is the man running the company,

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Speaker 1: and here he is kind of gooning around with his

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Speaker 1: new company, which is clearly going to going to take

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Speaker 1: up a lot of his time and energy. It's like,

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Speaker 1: what about all the other companies that he's supposed to

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Speaker 1: be running, Like what about the massive car maker. You

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Speaker 1: know that is like a multi multibillion dollar company. Why

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Speaker 1: aren't you surely that that would take up most normal

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Speaker 1: human beings time. I just like, I don't really understand

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Speaker 1: why he's doing it. I think it's kind of cool

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Speaker 1: in a lot of ways that he's doing it, but

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Speaker 1: or that he's done it. I mean, it's it's just

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Speaker 1: to me why he's doing it. You know, like you've

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Speaker 1: got to have some sort of like look at all

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Speaker 1: the big players in that he's the richest man in

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Speaker 1: the world. And if you've got the like a media mouthpiece,

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Speaker 1: if you are a Rupert Murdoch and you own half

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Speaker 1: of the newsplapers and and sort of TV channels, then

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Speaker 1: you've you've got a lot of power and ability to

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Speaker 1: sway people's perspectives and positions. Now, if you are a billionaire,

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Speaker 1: richest man in the world. Um, that is something that

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Speaker 1: and the world is has become mean, you know, there's

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Speaker 1: a great sort of disparity between the richest and the poorest,

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Speaker 1: and you need to keep your pr up so that

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Speaker 1: the peasants don't revolved and eat you. It's it's in

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Speaker 1: your favor, it's in your interest to have a mouthpiece

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Speaker 1: that you can manipulate. And and you know, coerce what

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Speaker 1: is being said. I know he's saying it's all for

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Speaker 1: free speech and all of that, which may be true.

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Speaker 1: I'd love for that to be true. But maybe the

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Speaker 1: billionaires got alteriat ulterior motives. I don't know, ask asked

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Speaker 1: Mark Zuckerbook what what his motives are by changing his

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Speaker 1: company named to Meta is it? Is it? You know,

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Speaker 1: is that a big land grab and making sure that

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Speaker 1: matter is associated or the Meta versus said with the

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Speaker 1: old Facebook or I don't know. I mean, it's it's

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Speaker 1: it's all. I don't take anything at face value. But

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Speaker 1: also I do quite like Eaton because he is a

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Speaker 1: bit of a rogue. But then also he's a bit

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Speaker 1: of a rogue, so I don't like him. It's very much. Yeah,

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Speaker 1: I I find My opinion of him sort of very

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Speaker 1: much varies depending on my mood. Like if you wake

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Speaker 1: up and you're in a bad mood, you just like

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Speaker 1: Elon Musk again, please can we just stop? And then

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Speaker 1: other times it's like, wow, this guy is you know,

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Speaker 1: this guy is crazy, but you know he's making stuff,

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Speaker 1: He's making stuff happen like that. There really is never

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Speaker 1: a dull moment when he's around. But yeah, I'm just

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Speaker 1: like I just kind of feel like you just just

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Speaker 1: just stick to the five companies you already run, like,

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Speaker 1: you know, because obviously he's got Tesla, He's also got

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Speaker 1: the SpaceX. He's also Stylink, Neuralalink, the boring company, you know,

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Speaker 1: and now Twitter as well. It's just like, I just

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Speaker 1: wonder how many Elon Musks there are, Like has he

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Speaker 1: has he cloned himself? Because it's quite it's quite possible

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Speaker 1: he owns a cloning company as well and has just

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Speaker 1: cloned himself several times, And you know that would be

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Speaker 1: would that even surprise you if that came out? I

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Speaker 1: don't think it would. I don't think it would mean No.

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Speaker 1: I mean, he it's it's a weird, weird, weird, weird

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Speaker 1: family isn't it. And he's like he named his child

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Speaker 1: an equation, His baby mama is Grimes. It's it's we

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Speaker 1: are living in a simulation because it is the only

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Speaker 1: way that any of this can really be happening. It's

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Speaker 1: so bizarre. It makes less and less sense the more

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Speaker 1: you read about it, isn't it? Well, you say his

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Speaker 1: Grimes is a baby mama. I mean, I think he's

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Speaker 1: got several because he's like, he's really worried about population declines,

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Speaker 1: so he's literally taking it upon himself to try and

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Speaker 1: singlehandedly reverse that. Him and Boris which yeah, him and

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Speaker 1: Boris Johnson are between them trying to repopulate the earth,

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Speaker 1: which I mean, you've got to, You've gotta hand it

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Speaker 1: to them. But I mean that that that itself is

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Speaker 1: going to take up a lot of time. I just

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Speaker 1: I just don't know how he has. I don't know,

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Speaker 1: when you become a billionaire, do you just get an

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Speaker 1: extra few hours in the day. So I don't know,

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Speaker 1: I'm not sure, but but you know, maybe we should

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Speaker 1: reach out to him and ask if if if he

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Speaker 1: would lend me some money or come on one of

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Speaker 1: the two. I think it'd be interesting. So what this, uh, this,

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Speaker 1: I suppose we should probably talk about the topic that

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Speaker 1: this part is. It's about I think that could be

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Speaker 1: a good idea. Um, And we've touched the net because

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Speaker 1: I sort of just jumped and skipped ahead because I

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Speaker 1: have a d h D. But I'm going to let

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Speaker 1: you talk about this because you're going to explain it

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Speaker 1: and probably a little bit more of a clear linear

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Speaker 1: way rather than me just blurting out things that have

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Speaker 1: happened to me in my life. But it's very entertaining, Mike.

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Speaker 1: I mean, you know, if you want to if you

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Speaker 1: want to pepper pepper Today's Conversation with sort of anecdotes

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Speaker 1: from your life, then feel free and I'll just make

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Speaker 1: sure that they get removed in the editor. They always do.

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Speaker 1: Normally we submit about about sort of four to five

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Speaker 1: hours of material to our editor, which he then manages

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Speaker 1: to cut down into an hour and a half. But yeah,

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Speaker 1: mostly it's just Mike rambling away about things that have

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Speaker 1: happened to him, people that have people that have wronged him,

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Speaker 1: budges that he holds all. Here's another list of all

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Speaker 1: the people. So, yeah, I thought we'd talked about move

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Speaker 1: to earn, which is a kind of growing category of

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Speaker 1: crypto projects that looked to basically reward users for moving,

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Speaker 1: hence the name basically, and I guess before we get

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Speaker 1: to before we get too into the details of it,

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Speaker 1: it's probably best to frame this particular niche in the

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Speaker 1: kind of context of Web three. Okay, because we've talked

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Speaker 1: about Web three a bit before, haven't we, And you

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Speaker 1: might remember that I sort of framed it as basically

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Speaker 1: Web one, which was the kind of early days of

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Speaker 1: the web being basically read only. So people people would

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Speaker 1: put up websites and other people would look at them

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Speaker 1: and that was that was about it, and people would

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Speaker 1: send each other emails, and you know, a picture would

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Speaker 1: take half an hour to load, all this sort of stuff.

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Speaker 1: Then Web two came along and kind of changed the

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Speaker 1: game completely, and that became sort of Web two was

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Speaker 1: more kind of read right, So not only was their

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Speaker 1: loads you loads more content to look at, but us,

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Speaker 1: the users were also creating that content to a very

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Speaker 1: large extent. So and this was the This was when

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Speaker 1: platforms like Facebook obviously kind of sprung up and really

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Speaker 1: became the kind of behemoths that they are today and

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Speaker 1: basically made made money off us because we you know,

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Speaker 1: we shared, if you like, we uploaded all this information

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Speaker 1: about ourselves, and then Facebook and others found ways of

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Speaker 1: taking that data and selling it, selling it to advertisers

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Speaker 1: and making money off it. And this has been kind

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Speaker 1: of very much the story of of Web two, if

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Speaker 1: you like. So Web three has now come along and

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Speaker 1: this is this is something that gets talked about a lot,

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Speaker 1: and I guess the simplest way of putting it, or

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Speaker 1: thinking about it perhaps is Web three is read, write, earn.

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Speaker 1: So the ethos, if you like, what it's trying to

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Speaker 1: achieve is basically to kind of take some of that

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Speaker 1: power back away from the big companies that made, you know,

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Speaker 1: that made web too what it was, and give it

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Speaker 1: back to users. And crypto obviously plays a big part

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Speaker 1: in that. Because users of Web three, you know, they're

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Speaker 1: using crypto. They're able to exchange value over the Internet

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Speaker 1: with each other peer to peer. You know, they don't

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Speaker 1: need an intermediary like a bank or a payment process

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Speaker 1: or or you know, a social media platform or anything

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Speaker 1: like that. You know, so Web three is, you know,

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Speaker 1: it is very much this idea that people that people

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Speaker 1: are kind of taking taking making getting more from their

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Speaker 1: time on the web and not necessarily just kind of

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Speaker 1: funneling information and profits towards kind of big, big centralized

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Speaker 1: companies like Facebook and others. And you know, a lot

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Speaker 1: of it is is a lot of it is about

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Speaker 1: having sort of control over over your personal data, for example,

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Speaker 1: and there are kind of projects out there that are

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Speaker 1: looking to you know, whereas now these big centralized companies

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Speaker 1: sell your data web three, the future could be like you,

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Speaker 1: you might choose to sell your data or you might

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Speaker 1: choose you might choose to decide who to whom your

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Speaker 1: data is sold. And this is a big part of

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Speaker 1: you know, of kind of funneling control and you know,

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Speaker 1: also value back to the actual users of the web,

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Speaker 1: the people who kind of make it what it is

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Speaker 1: so and also you know, it's things, it's it's also

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Speaker 1: about this idea of of the time that you spend

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Speaker 1: on the web as well. You know, there are there

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Speaker 1: are lots of projects. The Brave browser is one that

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Speaker 1: we've talked about before as well. You know, you should

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Speaker 1: be rewarded for the amount of time, for the amount

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Speaker 1: of attention that you that you give to two pages

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Speaker 1: on the web. And again, as I say, crypto is

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Speaker 1: a big part of this enabling this kind of this

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Speaker 1: this kind of transfer of you without intermediaries. And we're

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Speaker 1: also seeing a little bit dangerous though, isn't isn't so

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Speaker 1: like there's a certain limit on you know, are we

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Speaker 1: going to see you know how you see these gambling adverts,

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Speaker 1: which is like gamble, gamble, gamble, gamble, gamble, don't forget

428
00:25:21,119 --> 00:25:25,200
Speaker 1: gamble responsibly. And now now it's going to be like cool,

429
00:25:25,640 --> 00:25:28,040
Speaker 1: be online, be online, be online, be online, will pay

430
00:25:28,080 --> 00:25:30,920
Speaker 1: you to be online, but don't be online too much?

431
00:25:31,440 --> 00:25:34,480
Speaker 1: Is it? Is it not sort of rewarding something that

432
00:25:34,600 --> 00:25:40,480
Speaker 1: is not necessarily healthy in large sort of quantities. You know,

433
00:25:40,480 --> 00:25:45,600
Speaker 1: I'm spending twenty hours a day online in the metaverse

434
00:25:45,840 --> 00:25:50,399
Speaker 1: is not going to be healthy? Absolutely, absolutely, Yeah, And

435
00:25:50,400 --> 00:25:52,439
Speaker 1: I think that I think that is certainly one of

436
00:25:52,480 --> 00:25:55,840
Speaker 1: the one of the dangers of it. And yeah, we

437
00:25:55,880 --> 00:25:57,639
Speaker 1: talked about this a bit when we talked about the

438
00:25:57,640 --> 00:26:00,280
Speaker 1: metaverse a few a few weeks ago, didn't we. It's

439
00:26:00,320 --> 00:26:03,679
Speaker 1: like this idea of yeah, of being constantly have been

440
00:26:03,720 --> 00:26:07,520
Speaker 1: constantly online, of there being kind of no escape from this,

441
00:26:07,760 --> 00:26:12,080
Speaker 1: from this virtual world, and yeah, that's that's definitely that's

442
00:26:12,080 --> 00:26:16,639
Speaker 1: definitely a dangerous dangerous thing. And I guess, you know,

443
00:26:16,800 --> 00:26:19,160
Speaker 1: Web three projects, if they're going to do, if they're

444
00:26:19,160 --> 00:26:21,359
Speaker 1: going to do this sort of thing, well, you know,

445
00:26:21,480 --> 00:26:24,480
Speaker 1: I guess it becomes about I guess it becomes about

446
00:26:24,520 --> 00:26:26,720
Speaker 1: having a balance as well, doesn't it. You know? And

447
00:26:26,800 --> 00:26:30,040
Speaker 1: it's like, how do you how does web three kind

448
00:26:30,080 --> 00:26:33,680
Speaker 1: of navigate those waters? How does it make it sort

449
00:26:33,720 --> 00:26:37,879
Speaker 1: of worth your time to be on the internet but

450
00:26:38,000 --> 00:26:44,399
Speaker 1: also a heavy lifestyle that's balanced. Is that what Sweatpoint

451
00:26:44,520 --> 00:26:46,320
Speaker 1: is trying to do? Is it like, okay, cool, look,

452
00:26:46,800 --> 00:26:49,840
Speaker 1: get out, get get the headset off, get your phone off,

453
00:26:50,320 --> 00:26:52,639
Speaker 1: put it in your pocket and walk about. Is that

454
00:26:52,760 --> 00:26:55,000
Speaker 1: how this move to Earn stuff? Is that what it's about?

455
00:26:55,080 --> 00:26:57,359
Speaker 1: Or is it more just being on your phone and

456
00:26:57,400 --> 00:27:01,239
Speaker 1: having that app open while you're moving around? No, I

457
00:27:01,280 --> 00:27:03,840
Speaker 1: think certainly the way that these the way that these

458
00:27:03,880 --> 00:27:06,680
Speaker 1: move to Earn projects have kind of positioned themselves is yeah,

459
00:27:06,720 --> 00:27:10,160
Speaker 1: all about getting people more active, and that means yeah,

460
00:27:10,240 --> 00:27:13,480
Speaker 1: walking about you exercising and going out out and about

461
00:27:13,560 --> 00:27:17,760
Speaker 1: in the great outdoors, but also using the you know,

462
00:27:17,880 --> 00:27:21,000
Speaker 1: using this technology that we all carry around with ourselves

463
00:27:21,040 --> 00:27:23,720
Speaker 1: in our pockets, you know, use making use of that

464
00:27:24,400 --> 00:27:28,320
Speaker 1: to also you know, kind of incentivize and and reward you.

465
00:27:29,320 --> 00:27:31,960
Speaker 1: Um and I think before we look, you know, before

466
00:27:31,960 --> 00:27:35,280
Speaker 1: we dive into into the actual move to phenomenon, it's

467
00:27:35,320 --> 00:27:38,359
Speaker 1: also worth looking at kind of play to earn which

468
00:27:38,480 --> 00:27:42,240
Speaker 1: which came before, and is this idea that again, like

469
00:27:42,440 --> 00:27:45,399
Speaker 1: you know, people play computer games all the time, people

470
00:27:45,640 --> 00:27:47,560
Speaker 1: are always you know, this is a big This is

471
00:27:47,560 --> 00:27:49,959
Speaker 1: a big way that a lot of people spend their

472
00:27:50,040 --> 00:27:53,040
Speaker 1: leisure time. So why not be able to make you know,

473
00:27:53,119 --> 00:27:54,800
Speaker 1: why not be able to make some money off of it?

474
00:27:54,840 --> 00:27:57,479
Speaker 1: Why not be able to you know, to extract value

475
00:27:57,480 --> 00:28:01,720
Speaker 1: from it for you, for you the user. And you

476
00:28:01,760 --> 00:28:03,720
Speaker 1: know we've seen this as what this is. This is

477
00:28:03,760 --> 00:28:06,760
Speaker 1: something that's not necessarily unique to web three in a way,

478
00:28:06,800 --> 00:28:08,800
Speaker 1: like there are plenty of game you know, Fortnite and

479
00:28:09,280 --> 00:28:11,520
Speaker 1: Roadblocks and things like that. Are these sort of games

480
00:28:11,560 --> 00:28:14,399
Speaker 1: that you can you know, you can earn by playing

481
00:28:14,800 --> 00:28:17,760
Speaker 1: and you earn these in game currencies that they have.

482
00:28:17,800 --> 00:28:20,200
Speaker 1: I mean, is it is it Fortnite has has v

483
00:28:20,359 --> 00:28:23,040
Speaker 1: bucks or something like that, Roadblocks as a roebucks something.

484
00:28:23,320 --> 00:28:24,960
Speaker 1: You know that there are these kind of in game

485
00:28:25,000 --> 00:28:30,280
Speaker 1: currencies and you know the idea of sort of acquiring

486
00:28:30,400 --> 00:28:33,200
Speaker 1: things as you go through a game is nothing new,

487
00:28:33,359 --> 00:28:36,040
Speaker 1: it's just you know, it's just trying to find a

488
00:28:36,119 --> 00:28:40,160
Speaker 1: kind of more monetary angle to it. And so play

489
00:28:40,240 --> 00:28:43,480
Speaker 1: to Earn has has become sort of a fairly big,

490
00:28:44,000 --> 00:28:47,000
Speaker 1: a fairly big niche and is something that a lot

491
00:28:47,000 --> 00:28:49,120
Speaker 1: of people think is going to be a kind of

492
00:28:49,320 --> 00:28:52,280
Speaker 1: cornerstone of the future of web three. You know, as

493
00:28:52,320 --> 00:28:55,040
Speaker 1: more and more of us spend our time online, as

494
00:28:55,240 --> 00:28:58,520
Speaker 1: more and more people play video games to unwind. It's like, again,

495
00:28:59,000 --> 00:29:02,040
Speaker 1: if there's a way that you can that they can

496
00:29:02,040 --> 00:29:04,840
Speaker 1: earn from it, if they can extract value, then that

497
00:29:05,080 --> 00:29:08,080
Speaker 1: could incentivize them to also play more. So you can

498
00:29:08,240 --> 00:29:10,560
Speaker 1: you can sort of see you can sort of see

499
00:29:10,560 --> 00:29:12,560
Speaker 1: it being positioned as a as a win win for

500
00:29:12,600 --> 00:29:16,160
Speaker 1: both sides. Yeah, I'm not sure I believe that, you

501
00:29:16,200 --> 00:29:19,520
Speaker 1: know that. I don't buy that this whole move to

502
00:29:19,600 --> 00:29:21,800
Speaker 1: earn thing. I know. I'm just going back to that

503
00:29:22,000 --> 00:29:25,400
Speaker 1: is is for your benefit, you know what I mean.

504
00:29:25,800 --> 00:29:28,320
Speaker 1: I don't think that's why these things are created. Don't

505
00:29:28,320 --> 00:29:30,040
Speaker 1: get me on. There's a lot of great projects in

506
00:29:30,080 --> 00:29:34,520
Speaker 1: crypto which are you know, do have origins of goodwill,

507
00:29:35,040 --> 00:29:36,880
Speaker 1: But I don't know if this is one of them

508
00:29:36,920 --> 00:29:41,600
Speaker 1: because it's it's okay, it's there's there's an other it's

509
00:29:41,600 --> 00:29:44,040
Speaker 1: a good way to get people moving. But I think

510
00:29:45,040 --> 00:29:47,880
Speaker 1: it's one more way of of of of us giving

511
00:29:47,920 --> 00:29:51,000
Speaker 1: them data, do you know what I mean, Like it

512
00:29:51,200 --> 00:29:55,640
Speaker 1: is tracking our movements. There's there's these big scooter and

513
00:29:55,720 --> 00:30:01,320
Speaker 1: bike share ride companies which are pumping loads of money

514
00:30:01,360 --> 00:30:06,720
Speaker 1: into these um sort of cycle shares and scooter share companies,

515
00:30:06,960 --> 00:30:09,640
Speaker 1: and they're not making very much money, not very much

516
00:30:09,680 --> 00:30:14,360
Speaker 1: money at all. But there's still people queuing up to

517
00:30:14,520 --> 00:30:18,000
Speaker 1: throw money at these projects. And it's not because they

518
00:30:18,000 --> 00:30:20,640
Speaker 1: want to get people moving and and make things greener.

519
00:30:20,640 --> 00:30:23,600
Speaker 1: It's because they want the data and understanding how we

520
00:30:23,640 --> 00:30:26,080
Speaker 1: move and what's going on around there, because that is

521
00:30:26,120 --> 00:30:30,320
Speaker 1: what's valuable. And I think, just off my initial thoughts

522
00:30:30,320 --> 00:30:33,800
Speaker 1: in this pod that this this move to Anthon is

523
00:30:33,840 --> 00:30:36,120
Speaker 1: exactly the same sort of thing. But they don't even

524
00:30:36,160 --> 00:30:38,960
Speaker 1: have to buy a mopad or or a bike and

525
00:30:39,240 --> 00:30:42,040
Speaker 1: put them into a city only for for someone like

526
00:30:42,080 --> 00:30:48,280
Speaker 1: me to throw in a river. They've managed to They've

527
00:30:48,320 --> 00:30:52,720
Speaker 1: managed to cut out the whole expensive hardware aspects. There's

528
00:30:52,720 --> 00:30:58,120
Speaker 1: an interesting fact that Manchester is the only city in

529
00:30:58,120 --> 00:31:02,160
Speaker 1: in the world where they've they've of discontinued this bike

530
00:31:02,200 --> 00:31:05,160
Speaker 1: share scheme because of the number of bikes that they

531
00:31:05,240 --> 00:31:12,880
Speaker 1: just hooyd into canals. Um. Yeah, and no, you make

532
00:31:12,920 --> 00:31:16,080
Speaker 1: a good point there, and well not necessarily about Manchester,

533
00:31:16,160 --> 00:31:19,840
Speaker 1: but yeah, it's like this idea. It also ties in

534
00:31:19,960 --> 00:31:22,760
Speaker 1: with this kind of whole idea as heart of hardware

535
00:31:22,800 --> 00:31:26,680
Speaker 1: as a service and this this you know notion that

536
00:31:26,840 --> 00:31:30,920
Speaker 1: the World Economic Forum and people associated with it have that,

537
00:31:32,160 --> 00:31:35,800
Speaker 1: you know, in order to keep people consuming that it's

538
00:31:35,920 --> 00:31:39,280
Speaker 1: it's not about it's not about people buying things and

539
00:31:39,360 --> 00:31:42,040
Speaker 1: owning things, you know, because there aren't there aren't enough

540
00:31:42,120 --> 00:31:44,960
Speaker 1: new consumers because of demographic trends and things like that.

541
00:31:45,160 --> 00:31:48,280
Speaker 1: There aren't enough new consumers kind of coming online if

542
00:31:48,280 --> 00:31:51,440
Speaker 1: you like, to keep buying products. So a lot of

543
00:31:51,480 --> 00:31:53,800
Speaker 1: a lot of companies are now kind of looking towards

544
00:31:53,880 --> 00:31:56,800
Speaker 1: this idea of subscription services and things like that, where

545
00:31:56,840 --> 00:32:00,240
Speaker 1: you where you pay sort of constantly and then you know,

546
00:32:00,320 --> 00:32:02,840
Speaker 1: you can just have these things. You know, things just

547
00:32:02,880 --> 00:32:06,080
Speaker 1: get updated, but you keep paying, and that kind of

548
00:32:06,280 --> 00:32:09,880
Speaker 1: that's a way of kind of locking consumers into a permanent,

549
00:32:11,040 --> 00:32:15,440
Speaker 1: you know, cycle of consumption if you like. And yeah,

550
00:32:15,520 --> 00:32:19,160
Speaker 1: it's and Again, obviously data, you know, harvesting people's data

551
00:32:19,200 --> 00:32:21,960
Speaker 1: and things like that plays plays a big part in it.

552
00:32:22,920 --> 00:32:25,200
Speaker 1: So I think you're yeah, I mean, I think you're

553
00:32:25,280 --> 00:32:27,840
Speaker 1: right to sort of to to kind of look perhaps

554
00:32:27,920 --> 00:32:30,640
Speaker 1: look skeptically on on the whole sort of move to

555
00:32:30,720 --> 00:32:34,360
Speaker 1: earn thing, because yeah, I think it's it's a it's

556
00:32:34,360 --> 00:32:36,480
Speaker 1: a it's a right, it's a proper question to ask, like,

557
00:32:36,680 --> 00:32:41,400
Speaker 1: is this just another way of of tying people to

558
00:32:41,560 --> 00:32:46,960
Speaker 1: their phones, of getting people to reveal stuff about themselves

559
00:32:47,040 --> 00:32:49,000
Speaker 1: and how they move and where they go and what

560
00:32:49,040 --> 00:32:51,720
Speaker 1: they do and you know, what they spend and all

561
00:32:51,760 --> 00:32:55,320
Speaker 1: that sort of stuff and find you know, and use

562
00:32:55,400 --> 00:32:59,640
Speaker 1: that information to to monetize people more. Yeah, but they

563
00:32:59,680 --> 00:33:03,000
Speaker 1: get airbuds. It's not for free. You're going to get

564
00:33:03,000 --> 00:33:06,440
Speaker 1: some cheap Chinese earbuds sent to you in four to

565
00:33:06,520 --> 00:33:10,520
Speaker 1: six weeks. Yeah, I'm not I'm not sure. I'm not sure.

566
00:33:10,960 --> 00:33:16,480
Speaker 1: But at least people are moving at least. Yeah. Well yeah,

567
00:33:16,800 --> 00:33:18,440
Speaker 1: and I think that's a good point to sort of

568
00:33:18,480 --> 00:33:21,080
Speaker 1: start at as well. So you know, when talking about

569
00:33:21,120 --> 00:33:23,120
Speaker 1: move to earn, because well, let's i'll tell you what

570
00:33:23,160 --> 00:33:25,320
Speaker 1: we'll we'll kind of we'll look at what move to

571
00:33:25,360 --> 00:33:27,480
Speaker 1: Earn is all about. And then we'll look at the

572
00:33:27,560 --> 00:33:31,000
Speaker 1: two sort of biggest move to Earn projects in the

573
00:33:31,040 --> 00:33:34,320
Speaker 1: space at the moment, and we'll sort of drill down

574
00:33:34,320 --> 00:33:36,920
Speaker 1: to drill down into them a little bit and and

575
00:33:36,920 --> 00:33:38,920
Speaker 1: and examine them. And then you know, we can we

576
00:33:38,960 --> 00:33:41,080
Speaker 1: can see by the end if this is something that

577
00:33:41,640 --> 00:33:43,360
Speaker 1: you know, if this is a niche that may have

578
00:33:44,680 --> 00:33:46,880
Speaker 1: you know, may have a place in the future, or

579
00:33:46,920 --> 00:33:52,080
Speaker 1: whether it's just a or whether it's just a fad. Um. So, okay,

580
00:33:52,120 --> 00:33:54,360
Speaker 1: so we've talked about this idea of play to earn.

581
00:33:54,440 --> 00:33:57,760
Speaker 1: You know, this this kind of Web three notion of people,

582
00:33:58,040 --> 00:34:01,360
Speaker 1: you know, people being rewarded or the time and attention

583
00:34:01,400 --> 00:34:04,440
Speaker 1: that they spend you know, playing games or interacting with

584
00:34:04,520 --> 00:34:08,560
Speaker 1: apps or whatever it is. Um. And yeah, we all have,

585
00:34:08,719 --> 00:34:10,680
Speaker 1: as I said, we all have this technology in our

586
00:34:10,680 --> 00:34:12,960
Speaker 1: pocket that can kind of track our movements. So you know,

587
00:34:12,960 --> 00:34:15,480
Speaker 1: pretty much, I think most smartphones now they have they

588
00:34:15,520 --> 00:34:18,439
Speaker 1: have motion trackers, they have step counters, all these sorts

589
00:34:18,440 --> 00:34:22,319
Speaker 1: of things built into them. So basically, what the move

590
00:34:22,400 --> 00:34:24,880
Speaker 1: to Earn, what Move to Earn projects are doing is

591
00:34:25,040 --> 00:34:28,760
Speaker 1: is taking that technology that already exists. And I guess

592
00:34:28,800 --> 00:34:33,799
Speaker 1: if you like kind of gamifying really so adding sort

593
00:34:33,840 --> 00:34:37,959
Speaker 1: of incentives and you know, these these other kinds of

594
00:34:38,160 --> 00:34:41,560
Speaker 1: you know in incentives and sort of extra bells and

595
00:34:41,560 --> 00:34:44,600
Speaker 1: whistles if you like, which which includes crypto and n

596
00:34:44,640 --> 00:34:47,319
Speaker 1: f t s in order to you know, in order

597
00:34:47,360 --> 00:34:50,520
Speaker 1: to find a way to kind of make people engage with,

598
00:34:50,840 --> 00:34:54,799
Speaker 1: you know, with these platforms more and similar to how

599
00:34:54,880 --> 00:35:00,319
Speaker 1: you can make a monkey dance if you feed it peanuts. Yes, yeah,

600
00:35:01,920 --> 00:35:06,200
Speaker 1: we're the monkeys. And yeah, these apps are feeding us,

601
00:35:06,640 --> 00:35:11,239
Speaker 1: feeding us digital peanuts in the peanut peanut shaped n

602
00:35:11,320 --> 00:35:16,520
Speaker 1: f T s. Yeah. Yeah, Well, I mean let's let's

603
00:35:16,600 --> 00:35:25,480
Speaker 1: let's yeah, it's I'm you are surprisingly skeptical about it, Mikey.

604
00:35:25,520 --> 00:35:27,000
Speaker 1: But then and then and then again, you know, I

605
00:35:27,000 --> 00:35:28,759
Speaker 1: think that could make for more, you know, sort of

606
00:35:28,760 --> 00:35:32,200
Speaker 1: more interesting debate because I mean, let's let's first start off,

607
00:35:32,239 --> 00:35:36,680
Speaker 1: like sedentary lifestyles, you know, people's people's lifestyles kind of

608
00:35:36,680 --> 00:35:38,759
Speaker 1: sat down. You know, we all spend way too much

609
00:35:38,800 --> 00:35:41,960
Speaker 1: time in front of a computer for work, We all

610
00:35:42,000 --> 00:35:44,440
Speaker 1: spend way too much time watching TV for leisure or

611
00:35:44,440 --> 00:35:48,640
Speaker 1: playing games or whatever it is. You know, sedentary lifestyles

612
00:35:48,719 --> 00:35:53,600
Speaker 1: are a big killer, especially in yeah, especially in developed

613
00:35:53,880 --> 00:35:57,040
Speaker 1: in developed nations, you know, especially when people have like

614
00:35:57,120 --> 00:35:59,879
Speaker 1: a lot of leisure, a lot of leisure time, which

615
00:35:59,880 --> 00:36:03,120
Speaker 1: is becoming sort of more and more the norm for

616
00:36:03,200 --> 00:36:05,960
Speaker 1: you know, for more and more of humanity. So it

617
00:36:06,120 --> 00:36:09,319
Speaker 1: is a big problem and governments have to spend a

618
00:36:09,360 --> 00:36:11,799
Speaker 1: lot of money on the consequences of this, because as

619
00:36:11,840 --> 00:36:16,000
Speaker 1: we become more sedentary, we become more and more unhealthy.

620
00:36:16,040 --> 00:36:20,640
Speaker 1: We develop fatter, lazier, we develop more diseases, you know,

621
00:36:20,840 --> 00:36:24,080
Speaker 1: things like this and these disease. This is this kind

622
00:36:24,080 --> 00:36:27,799
Speaker 1: of adds up to a net loss really because it's

623
00:36:27,880 --> 00:36:32,239
Speaker 1: lost productivity, it's lost resources in terms of in terms

624
00:36:32,239 --> 00:36:34,560
Speaker 1: of actual people doing work, all these sorts of things.

625
00:36:34,600 --> 00:36:38,120
Speaker 1: So I think there is definitely a there is definitely

626
00:36:38,160 --> 00:36:41,120
Speaker 1: a problem to be addressed, which is I think a

627
00:36:41,160 --> 00:36:44,560
Speaker 1: good starting point for well, for any kind of you know,

628
00:36:44,600 --> 00:36:46,560
Speaker 1: for any sort of endeavor. It's like, that's what if

629
00:36:46,560 --> 00:36:49,200
Speaker 1: you're starting a project, if you're starting a company or whatever.

630
00:36:49,440 --> 00:36:51,440
Speaker 1: You kind of have to identify your niche, don't you

631
00:36:51,480 --> 00:36:55,400
Speaker 1: have to. You have to identify a problem that you

632
00:36:55,440 --> 00:36:58,919
Speaker 1: are looking to solve. And I think physical inactivity and

633
00:36:59,120 --> 00:37:03,280
Speaker 1: it's consequent senses are definitely a big problem that needs

634
00:37:03,320 --> 00:37:07,400
Speaker 1: to be tackled. And I think as well, you know,

635
00:37:07,440 --> 00:37:12,680
Speaker 1: there's this notion that humans respond very positively to incentives,

636
00:37:12,960 --> 00:37:16,880
Speaker 1: you know, to rewards and incentives. So if you can

637
00:37:17,040 --> 00:37:18,920
Speaker 1: you know, so you have this problem. You you have

638
00:37:19,000 --> 00:37:21,400
Speaker 1: this idea, right, we need to get people, We need

639
00:37:21,440 --> 00:37:23,160
Speaker 1: to get people off the sofa, We need to get

640
00:37:23,160 --> 00:37:26,120
Speaker 1: people active. So how do we do that, Well, we

641
00:37:26,200 --> 00:37:29,799
Speaker 1: need to incentivize them. And you know, humans can be

642
00:37:29,880 --> 00:37:32,520
Speaker 1: quite sort of short term. And obviously the big incentive

643
00:37:32,680 --> 00:37:35,680
Speaker 1: really for for moving around and being active and therefore

644
00:37:35,719 --> 00:37:38,560
Speaker 1: being healthy is the fact that it will improve your

645
00:37:38,640 --> 00:37:42,000
Speaker 1: quality of life. Chances are you'll you'll live longer, you'll

646
00:37:42,000 --> 00:37:46,440
Speaker 1: be healthier, you'll be you'll be you know, you'll be

647
00:37:46,480 --> 00:37:49,440
Speaker 1: more attracted, etcetera, etcetera. Whereas if you if you just

648
00:37:49,520 --> 00:37:52,200
Speaker 1: spend all day long sat on your ass, you know,

649
00:37:52,440 --> 00:37:55,280
Speaker 1: doing nothing or looking at a computer or whatever, then

650
00:37:56,040 --> 00:37:58,800
Speaker 1: the problems pile up and you become bitter and unhappy,

651
00:37:58,880 --> 00:38:02,160
Speaker 1: and you know, you eventually spend all your time trolling

652
00:38:02,160 --> 00:38:06,200
Speaker 1: people on Twitter or whatever it is. So yeah, and

653
00:38:06,400 --> 00:38:10,040
Speaker 1: but that sort of long term incentive of oh, if

654
00:38:10,080 --> 00:38:13,680
Speaker 1: you're active, then you know you'll live a longer, healthier life.

655
00:38:13,880 --> 00:38:17,719
Speaker 1: That's it's quite difficult to motivate people like that, that's

656
00:38:17,719 --> 00:38:20,319
Speaker 1: too long term. But if you can find a sort

657
00:38:20,320 --> 00:38:22,839
Speaker 1: of short term alternas if it's like okay, well if

658
00:38:22,920 --> 00:38:25,680
Speaker 1: you if you're a bit more active, then you can

659
00:38:25,680 --> 00:38:29,160
Speaker 1: get a reward. And this, I think is what these

660
00:38:29,200 --> 00:38:32,040
Speaker 1: these move to ourn apps are looking to do. You know,

661
00:38:32,120 --> 00:38:34,719
Speaker 1: it's it's like looking to looking to give people a

662
00:38:34,840 --> 00:38:38,120
Speaker 1: sort of palpable reward, a sort of short term reward

663
00:38:38,560 --> 00:38:43,279
Speaker 1: for getting up and being active. And I think that

664
00:38:43,520 --> 00:38:46,040
Speaker 1: is I think that is a good thing. Leaving aside

665
00:38:46,040 --> 00:38:48,279
Speaker 1: for the moment, the idea of you know, any kind

666
00:38:48,320 --> 00:38:51,080
Speaker 1: of data harvesting or you know, how they how they

667
00:38:51,120 --> 00:38:53,359
Speaker 1: do it, or what they reward you with, I think

668
00:38:53,440 --> 00:38:55,640
Speaker 1: you you know, I think you can agree that that's

669
00:38:56,120 --> 00:38:59,480
Speaker 1: it is good to incentivize people in that direction. Certainly.

670
00:39:00,640 --> 00:39:02,959
Speaker 1: I think I think it's it's the carrot and stick

671
00:39:03,000 --> 00:39:05,960
Speaker 1: sort of argument here, and I think this carrot is

672
00:39:06,000 --> 00:39:09,880
Speaker 1: not really as much of a carrot as they it

673
00:39:09,960 --> 00:39:12,040
Speaker 1: should be. I think it should be a bit of

674
00:39:12,040 --> 00:39:14,360
Speaker 1: a mixture of both. So you know, look, if you

675
00:39:14,440 --> 00:39:17,560
Speaker 1: don't move, you won't be given this carrot. And that's

676
00:39:17,600 --> 00:39:19,839
Speaker 1: all you have to eat, and I think that's what's

677
00:39:19,840 --> 00:39:23,680
Speaker 1: going to get results. A bit more of a dictator

678
00:39:23,760 --> 00:39:27,279
Speaker 1: sort of sort of vibe to it, you know what

679
00:39:27,280 --> 00:39:30,880
Speaker 1: I mean, Like you will starve to death unless you move.

680
00:39:31,800 --> 00:39:36,279
Speaker 1: That sounds a bit bit bit slavey, actually, like that

681
00:39:36,400 --> 00:39:39,560
Speaker 1: sounds a bit too extreme. Maybe if we dial it

682
00:39:39,600 --> 00:39:43,480
Speaker 1: back a little bit. I was going to say, like,

683
00:39:43,600 --> 00:39:45,719
Speaker 1: if this is, if this is the start of your

684
00:39:45,760 --> 00:39:52,000
Speaker 1: pitch for your move to earn, like move to I've

685
00:39:52,040 --> 00:39:55,200
Speaker 1: got some I've got some questions you've got. I have

686
00:39:55,360 --> 00:39:58,719
Speaker 1: some concerns. I'm not saying I'm not interested. I just

687
00:39:58,760 --> 00:40:01,879
Speaker 1: have a few. There are just a few things that

688
00:40:01,920 --> 00:40:06,600
Speaker 1: we need. It's not the first company that's done something

689
00:40:06,600 --> 00:40:10,560
Speaker 1: similar to this, Like there is there's life insurance companies,

690
00:40:10,600 --> 00:40:13,680
Speaker 1: I think Vitality or something like that that they give

691
00:40:13,719 --> 00:40:17,680
Speaker 1: you an Apple watch and they kind of so if

692
00:40:17,760 --> 00:40:20,319
Speaker 1: you are doing this, if you're if you're exercising enough,

693
00:40:20,360 --> 00:40:23,600
Speaker 1: and what's called it reduces your premium because they go, okay, cool,

694
00:40:23,640 --> 00:40:25,640
Speaker 1: this this this idiot is going to live a little

695
00:40:25,640 --> 00:40:27,880
Speaker 1: bit longer and probably won't will be paying us a

696
00:40:27,960 --> 00:40:30,759
Speaker 1: premium a little bit longer before he eventually gets you know,

697
00:40:31,800 --> 00:40:35,600
Speaker 1: you know, cold and dies or whatever. Um, and it's

698
00:40:35,640 --> 00:40:39,400
Speaker 1: it's it's it's akin to the car insurance companies that

699
00:40:39,400 --> 00:40:43,280
Speaker 1: would fit a device into your car that would monitor

700
00:40:43,320 --> 00:40:47,240
Speaker 1: how you're driving and then give you a a monthly

701
00:40:47,280 --> 00:40:51,399
Speaker 1: sort of premium that would indicate you know, your you're

702
00:40:51,480 --> 00:40:54,120
Speaker 1: driving habits and behaviors and how fast and how long

703
00:40:54,160 --> 00:40:58,120
Speaker 1: and how much you're driving. Yeah, or I mean or

704
00:40:58,160 --> 00:41:00,200
Speaker 1: just you know there no claims bonus sort of thing.

705
00:41:00,280 --> 00:41:03,480
Speaker 1: It's like, if you drive safely and don't crash your car,

706
00:41:03,960 --> 00:41:07,480
Speaker 1: we will make your insurance cheaper, or don't claim for

707
00:41:07,520 --> 00:41:09,360
Speaker 1: your you know, don't claim for the damage when you

708
00:41:10,520 --> 00:41:15,920
Speaker 1: dial it all with all of it. Yeah, you're right,

709
00:41:15,960 --> 00:41:17,760
Speaker 1: And I think there are you know, there are certainly,

710
00:41:18,600 --> 00:41:21,920
Speaker 1: I mean some companies now are incentivized. I think there are.

711
00:41:22,000 --> 00:41:23,960
Speaker 1: I think there are tax breaks that you can that

712
00:41:24,040 --> 00:41:28,360
Speaker 1: you can get as an employer if you promote healthy living,

713
00:41:28,520 --> 00:41:32,200
Speaker 1: healthy choices amongst your staff. So if you if you

714
00:41:32,360 --> 00:41:34,959
Speaker 1: do something like include gym memberships as part of a

715
00:41:34,960 --> 00:41:39,040
Speaker 1: as part of an employment package, um, or you you know,

716
00:41:39,080 --> 00:41:41,319
Speaker 1: you promote healthy eating at work or something like that.

717
00:41:41,400 --> 00:41:44,080
Speaker 1: I think in some in some countries there are kind

718
00:41:44,080 --> 00:41:46,080
Speaker 1: of tax breaks that you can get for doing that

719
00:41:46,239 --> 00:41:49,839
Speaker 1: because governments are you know, governments are looking to YEA

720
00:41:50,000 --> 00:41:53,680
Speaker 1: to save money sort of downstream with with healthcare costs

721
00:41:53,680 --> 00:41:57,120
Speaker 1: when all you know, so it's it's there is, yeah,

722
00:41:57,160 --> 00:41:59,680
Speaker 1: these incentives. I think you can argue there are people

723
00:41:59,719 --> 00:42:05,239
Speaker 1: are already sort of separately incentivized. But I think what's

724
00:42:05,320 --> 00:42:07,160
Speaker 1: what I think is quite interesting about the sort of

725
00:42:07,160 --> 00:42:09,560
Speaker 1: move to earn thing is that that's kind of you know,

726
00:42:09,640 --> 00:42:12,239
Speaker 1: that's kind of taking it more back to back to

727
00:42:12,320 --> 00:42:15,320
Speaker 1: the individual again. It's like, Okay, you know, why don't

728
00:42:15,360 --> 00:42:18,040
Speaker 1: you know, take control of your don't don't you know,

729
00:42:18,080 --> 00:42:21,440
Speaker 1: don't leave it up to your company to incentivize you

730
00:42:21,480 --> 00:42:24,560
Speaker 1: and stuff. It's like, you can, you know, incentivize yourself.

731
00:42:24,760 --> 00:42:27,360
Speaker 1: Here's here's a step counter. Here are some coins that

732
00:42:27,400 --> 00:42:30,120
Speaker 1: you can earn for doing it. Now go off and

733
00:42:30,360 --> 00:42:35,080
Speaker 1: now go forth and and exercise and stuff. So I think,

734
00:42:35,400 --> 00:42:37,520
Speaker 1: you know, in order to in order to assess whether

735
00:42:37,600 --> 00:42:39,719
Speaker 1: this is like a passing fad or whether this is

736
00:42:39,760 --> 00:42:42,640
Speaker 1: something that can you know, can actually make a difference,

737
00:42:42,840 --> 00:42:45,279
Speaker 1: I think we need to look at the two sort

738
00:42:45,320 --> 00:42:49,560
Speaker 1: of big crypto projects in this in this niche. And obviously,

739
00:42:50,239 --> 00:42:51,840
Speaker 1: you know, there are there are other As you mentioned,

740
00:42:51,840 --> 00:42:54,400
Speaker 1: there are other sort of This doesn't necessarily have to

741
00:42:54,440 --> 00:42:57,920
Speaker 1: have anything to do with crypto, but obviously this is something.

742
00:42:58,360 --> 00:43:00,719
Speaker 1: This is a new kind of front that's opened up

743
00:43:00,719 --> 00:43:03,520
Speaker 1: in it and I think it's worth exploring. So shall

744
00:43:03,560 --> 00:43:07,279
Speaker 1: we take a quick break and then look at look

745
00:43:07,320 --> 00:43:09,640
Speaker 1: at a couple of these projects. Sounds good. I'm going

746
00:43:09,719 --> 00:43:12,440
Speaker 1: to go activate my swork coin account and I'm going

747
00:43:12,440 --> 00:43:14,440
Speaker 1: to run around the block for five minutes so I

748
00:43:14,480 --> 00:43:18,319
Speaker 1: can earn a few more little coins. Okay, good that

749
00:43:18,360 --> 00:43:37,320
Speaker 1: you see. There you are. You're incentivized right here. Welcome

750
00:43:37,320 --> 00:43:40,680
Speaker 1: back everyone to part two. My name is still mad

751
00:43:40,760 --> 00:43:45,480
Speaker 1: Mike Mooch apparently, and his name is still guy. Okay,

752
00:43:45,600 --> 00:43:48,680
Speaker 1: so let's take a look at these two big move

753
00:43:48,760 --> 00:43:51,160
Speaker 1: to Earn projects, shall we. Now these are just the

754
00:43:51,160 --> 00:43:53,840
Speaker 1: two biggest ones by market cap, and this is a

755
00:43:53,960 --> 00:43:57,280
Speaker 1: growing crypto ny stir about. I guess about a dozen

756
00:43:57,360 --> 00:44:00,600
Speaker 1: maybe more move to earn crypto project x out there,

757
00:44:00,600 --> 00:44:03,000
Speaker 1: but these two are the ones that have, as I say,

758
00:44:03,080 --> 00:44:06,640
Speaker 1: the largest market caps, and also I think have received

759
00:44:06,680 --> 00:44:09,640
Speaker 1: the kind of the most kind of attention in not

760
00:44:09,719 --> 00:44:12,560
Speaker 1: just the crypto media, but the media in general. So

761
00:44:14,200 --> 00:44:18,280
Speaker 1: let's start off with the largest one, the most well known, perhaps,

762
00:44:18,360 --> 00:44:22,560
Speaker 1: which is a project called Stephen and that is spelled

763
00:44:22,800 --> 00:44:28,839
Speaker 1: st yeah st e p n Steppen. And this, now,

764
00:44:28,880 --> 00:44:31,160
Speaker 1: this is a this is a bit of a newcomer really.

765
00:44:31,200 --> 00:44:35,200
Speaker 1: This was launched back in December one, so less than

766
00:44:35,239 --> 00:44:39,560
Speaker 1: a year ago, um, and it has grown pretty quickly

767
00:44:39,600 --> 00:44:43,320
Speaker 1: since then. It generated a lot of hype over the

768
00:44:43,400 --> 00:44:46,400
Speaker 1: last year or so. UM. Now, a quick bit of

769
00:44:46,440 --> 00:44:51,520
Speaker 1: background about Stephen. It's built on Salana, which is as

770
00:44:51,560 --> 00:44:53,680
Speaker 1: you'll as you'll probably know, is one of these rival,

771
00:44:54,320 --> 00:44:57,239
Speaker 1: if the rivals to Ethereum. It's a Layer one blockchain,

772
00:44:58,239 --> 00:45:01,600
Speaker 1: but it's famous for being one of the if not

773
00:45:01,719 --> 00:45:07,080
Speaker 1: the fastest cryptocurrency blockchain out there when it actually works,

774
00:45:07,760 --> 00:45:09,600
Speaker 1: which it doesn't quite a lot of the time. Is

775
00:45:09,680 --> 00:45:14,120
Speaker 1: Salana is sort of notorious for having these outages, which

776
00:45:14,360 --> 00:45:19,560
Speaker 1: which we might touch on later. Anyhow, so step and

777
00:45:19,640 --> 00:45:22,480
Speaker 1: launched on Salana. It had about sort of five million

778
00:45:22,520 --> 00:45:26,239
Speaker 1: dollars in initial funding, and at first you could only

779
00:45:26,280 --> 00:45:29,400
Speaker 1: sort of re you know, you download an app and uh,

780
00:45:29,560 --> 00:45:31,360
Speaker 1: and you have to have at first, I think you

781
00:45:31,680 --> 00:45:34,200
Speaker 1: had to have an activation code. And these activation codes

782
00:45:34,239 --> 00:45:36,840
Speaker 1: weren't sort of freely available. I think you had to

783
00:45:36,840 --> 00:45:38,880
Speaker 1: go into you either had to find them from the

784
00:45:38,920 --> 00:45:44,680
Speaker 1: project's Twitter or through its through its discord. And yeah,

785
00:45:44,719 --> 00:45:47,880
Speaker 1: they were. They weren't always the activation codes weren't always

786
00:45:47,880 --> 00:45:50,839
Speaker 1: that easy to come across. Now I'm I think this

787
00:45:50,880 --> 00:45:53,680
Speaker 1: may have served two purposes. I think one it may

788
00:45:53,719 --> 00:45:56,840
Speaker 1: have given the project kind of this air of exclusivity.

789
00:45:57,239 --> 00:45:58,960
Speaker 1: You know, it's like, oh, it's not just like you

790
00:45:58,960 --> 00:46:00,759
Speaker 1: know you have to be you have to be. You

791
00:46:00,800 --> 00:46:02,360
Speaker 1: have to follow it on discord, you have to follow

792
00:46:02,360 --> 00:46:03,840
Speaker 1: it on Twitter or whatever like that. You know, you

793
00:46:03,880 --> 00:46:05,800
Speaker 1: have to be in the know and not just anyone

794
00:46:05,920 --> 00:46:11,399
Speaker 1: can join, which obviously makes more people want to join UM.

795
00:46:11,440 --> 00:46:14,000
Speaker 1: And I think perhaps it was also actually perhaps quite

796
00:46:14,000 --> 00:46:16,880
Speaker 1: a clever way of making sure that they just onboarded

797
00:46:17,000 --> 00:46:21,360
Speaker 1: users in a sort of timely manner, because sometimes sometimes

798
00:46:21,440 --> 00:46:24,560
Speaker 1: with these especially with cryptocurrency blockchains that you know, are

799
00:46:24,560 --> 00:46:27,239
Speaker 1: still very much in development. And we saw this with

800
00:46:27,320 --> 00:46:30,400
Speaker 1: Cardano when it when it looks sort of launched, smart

801
00:46:30,440 --> 00:46:33,400
Speaker 1: contracts and DAPs became available for the first time night,

802
00:46:33,920 --> 00:46:36,040
Speaker 1: so many people were clamoring to use it that they

803
00:46:36,280 --> 00:46:39,640
Speaker 1: that the network just couldn't handle the number of people.

804
00:46:39,800 --> 00:46:43,040
Speaker 1: So um, I think maybe this was a sort of

805
00:46:43,120 --> 00:46:46,399
Speaker 1: duel way of kind of generating exclusivity but also kind

806
00:46:46,440 --> 00:46:51,160
Speaker 1: of managing to one board the it was all able

807
00:46:51,160 --> 00:46:56,760
Speaker 1: to work. Yeah, yeah, exactly. Now stepan kind of works

808
00:46:56,800 --> 00:46:59,000
Speaker 1: like this, and this is this is the very simple

809
00:46:59,040 --> 00:47:00,759
Speaker 1: This is the sort of elevation to pitch if you like.

810
00:47:00,840 --> 00:47:03,440
Speaker 1: This is a kind of simple way because it gets that.

811
00:47:03,560 --> 00:47:05,919
Speaker 1: There are quite a few kind of extra add ons

812
00:47:05,920 --> 00:47:08,400
Speaker 1: and stuff which will touch on in a bit, But basically,

813
00:47:08,760 --> 00:47:11,440
Speaker 1: you download the app and then you have to in

814
00:47:11,560 --> 00:47:15,280
Speaker 1: order to start playing, you have to buy a pair

815
00:47:15,360 --> 00:47:19,439
Speaker 1: of n f T sneakers trainers as we call them

816
00:47:19,800 --> 00:47:22,680
Speaker 1: in the UK, the pair of NYT sneakers. And once

817
00:47:22,800 --> 00:47:26,120
Speaker 1: you once you have these sneakers and you start sort

818
00:47:26,160 --> 00:47:30,759
Speaker 1: of walking around, then obviously the location tracking app in

819
00:47:30,840 --> 00:47:34,520
Speaker 1: your phone it makes a note of how much you're walking,

820
00:47:34,760 --> 00:47:37,920
Speaker 1: and then you're rewarded in one of the apps in

821
00:47:38,040 --> 00:47:44,719
Speaker 1: game currencies GST, which stands for Green Satoshi Token. So yeah,

822
00:47:44,840 --> 00:47:48,520
Speaker 1: so I mean that's that's kind of fairly straightforward, isn't it.

823
00:47:48,560 --> 00:47:50,520
Speaker 1: You buy an n f T, you know, in the

824
00:47:50,520 --> 00:47:53,520
Speaker 1: form of these n f T trainers, you start walking around,

825
00:47:53,800 --> 00:47:58,880
Speaker 1: you earn crypto. Now, Unfortunately, I think this is I

826
00:47:58,920 --> 00:48:01,399
Speaker 1: think this is one of stepping limitations in a way

827
00:48:01,480 --> 00:48:03,719
Speaker 1: in that it kind of gets a bit more complicated

828
00:48:03,760 --> 00:48:06,000
Speaker 1: from that because there are there are sort of all

829
00:48:06,040 --> 00:48:09,200
Speaker 1: these upgrades that you can make to these n f

830
00:48:09,239 --> 00:48:12,640
Speaker 1: T sneakers. There are sockets, there are gems. You know,

831
00:48:12,719 --> 00:48:16,080
Speaker 1: each pair of each pair of sneakers is slightly different,

832
00:48:16,640 --> 00:48:19,000
Speaker 1: so you know, some have different naturally a bit like

833
00:48:19,400 --> 00:48:21,759
Speaker 1: and you know, a bit like top trumps or something.

834
00:48:21,800 --> 00:48:24,960
Speaker 1: You know, some have when you're when you're choosing a

835
00:48:25,000 --> 00:48:28,240
Speaker 1: car in a racing game. Some have got better accelerations,

836
00:48:28,239 --> 00:48:30,640
Speaker 1: some have got better turning, some have got better you know,

837
00:48:31,320 --> 00:48:35,000
Speaker 1: fuel consumption or whatever. And they're all slightly different and

838
00:48:35,000 --> 00:48:37,000
Speaker 1: and and sort of make up you know, make it

839
00:48:37,000 --> 00:48:40,680
Speaker 1: a bit more interesting. Yeah, yeah, And I think yeah,

840
00:48:40,719 --> 00:48:42,400
Speaker 1: that's a fair point. It does kind of you know,

841
00:48:42,480 --> 00:48:45,759
Speaker 1: it does kind of add more elements to the game.

842
00:48:45,840 --> 00:48:47,359
Speaker 1: And you know, I refer to it as a game,

843
00:48:47,360 --> 00:48:49,960
Speaker 1: because that is very much how Stepan kind of refers

844
00:48:50,000 --> 00:48:52,560
Speaker 1: to itself. You know, it's it's a game. It's something

845
00:48:52,600 --> 00:48:56,520
Speaker 1: that you play. Um And again it's this this idea

846
00:48:56,560 --> 00:48:59,000
Speaker 1: of kind of gamification I think is a big part

847
00:48:59,040 --> 00:49:01,319
Speaker 1: of you know, how you get people, how you get

848
00:49:01,320 --> 00:49:03,719
Speaker 1: people involved, you know, how you get people sort of

849
00:49:03,880 --> 00:49:06,520
Speaker 1: keep interacting with it. It's like it's a game. I

850
00:49:06,560 --> 00:49:09,200
Speaker 1: have to accumulate things. I have to I have to

851
00:49:09,280 --> 00:49:11,799
Speaker 1: play it, which is obviously more fun than just kind

852
00:49:11,800 --> 00:49:16,200
Speaker 1: of using it if you like so, So, yeah, it

853
00:49:16,239 --> 00:49:18,960
Speaker 1: does get a bit more involved. But different levels of

854
00:49:19,400 --> 00:49:21,880
Speaker 1: trainer I suppose I have to call them sneakers because

855
00:49:21,920 --> 00:49:24,000
Speaker 1: that's what they're referred to in the game. Different levels

856
00:49:24,000 --> 00:49:30,320
Speaker 1: of sneakers, anyone, don't pander pander to American terminology. Okay,

857
00:49:30,320 --> 00:49:32,879
Speaker 1: Different pairs of trainers do different things, Like I think,

858
00:49:32,960 --> 00:49:34,239
Speaker 1: you know there are ones if you're just going to

859
00:49:34,360 --> 00:49:38,000
Speaker 1: walk at a certain speed, then you know there's a

860
00:49:38,000 --> 00:49:40,320
Speaker 1: pair of trainers for that. But if you're a runner,

861
00:49:40,360 --> 00:49:41,880
Speaker 1: if you if you're going to look to look to

862
00:49:42,440 --> 00:49:45,520
Speaker 1: look to earn these look to earn GST by running,

863
00:49:45,520 --> 00:49:48,560
Speaker 1: then you need a different pair of trainers or something

864
00:49:48,600 --> 00:49:52,239
Speaker 1: like that. Um And then to complicate matters further, there's

865
00:49:52,280 --> 00:49:55,560
Speaker 1: also gm g m T, which is stands for Green

866
00:49:55,600 --> 00:49:58,120
Speaker 1: Metaverse Token, and this is the kind of the game's

867
00:49:58,200 --> 00:50:03,680
Speaker 1: kind of governance token. If you like so, yeah, as

868
00:50:03,680 --> 00:50:06,240
Speaker 1: I say, there are lots of kind of upgrades and stuff.

869
00:50:06,320 --> 00:50:10,279
Speaker 1: Different pairs of trainers do different things like and you know,

870
00:50:10,520 --> 00:50:13,440
Speaker 1: let's face it, if you're prepared to pay more for

871
00:50:14,000 --> 00:50:16,880
Speaker 1: and then, you know, for a higher quality and f

872
00:50:16,960 --> 00:50:20,239
Speaker 1: T trainer, then you will be able to earn more

873
00:50:20,719 --> 00:50:23,560
Speaker 1: g s T and g m T from you know,

874
00:50:23,600 --> 00:50:26,640
Speaker 1: from walking around. And this is this is important, I

875
00:50:26,640 --> 00:50:29,880
Speaker 1: think because stepan got very very popular, very quickly, and

876
00:50:29,920 --> 00:50:32,600
Speaker 1: the hype around it got really crazy, and as a result,

877
00:50:33,120 --> 00:50:35,440
Speaker 1: the what they call the floor price of these n

878
00:50:35,480 --> 00:50:37,360
Speaker 1: f T s, you know, which is kind of minimum price,

879
00:50:37,480 --> 00:50:40,960
Speaker 1: minimum entry point if you like, the floor price went

880
00:50:41,040 --> 00:50:45,440
Speaker 1: absolutely ballistic. Now at one point on the thirtieth of

881
00:50:45,440 --> 00:50:48,440
Speaker 1: April this year, the floor Now bear in mind this

882
00:50:48,520 --> 00:50:51,280
Speaker 1: is built on Salana, so you have to pay with Soul,

883
00:50:51,440 --> 00:50:53,960
Speaker 1: which is obviously the native coin of the Salana blockchain.

884
00:50:54,719 --> 00:50:57,399
Speaker 1: Um At one point on the thirtieth of April this year,

885
00:50:57,400 --> 00:51:02,480
Speaker 1: the floor price was fourteen point eight nine soul. Okay,

886
00:51:02,840 --> 00:51:06,759
Speaker 1: so just shy of fifteen soul to buy to buy

887
00:51:06,760 --> 00:51:09,680
Speaker 1: an NFT and bear in mind you have to, yeah,

888
00:51:09,760 --> 00:51:12,600
Speaker 1: buy a pair of virtual trainers, and bear in mind

889
00:51:12,640 --> 00:51:15,000
Speaker 1: you have to buy the trainers in order to play

890
00:51:15,040 --> 00:51:18,520
Speaker 1: the game. That's how it works. So fourteen point eight

891
00:51:18,600 --> 00:51:22,520
Speaker 1: nine Soul. Now at that point one Soul was ars,

892
00:51:23,719 --> 00:51:27,719
Speaker 1: so in order to buy in order to just get

893
00:51:27,760 --> 00:51:30,279
Speaker 1: involved with playing the game, you needed to shell out

894
00:51:30,320 --> 00:51:32,840
Speaker 1: just shy of four hundred dollars on the pair of

895
00:51:33,320 --> 00:51:38,520
Speaker 1: n f T trainers, which is a pretty high barrier

896
00:51:38,560 --> 00:51:42,600
Speaker 1: to entry. You know, it's one thing downloading an app

897
00:51:42,960 --> 00:51:46,040
Speaker 1: and getting an activation code, even if that activation code

898
00:51:46,040 --> 00:51:49,520
Speaker 1: is quite hard to come by. That's one thing. Buying

899
00:51:49,520 --> 00:51:54,560
Speaker 1: an n f T that's another. Buying a far n

900
00:51:54,600 --> 00:51:58,080
Speaker 1: f T just to be able to participate in the game.

901
00:51:58,480 --> 00:52:01,919
Speaker 1: That is, you know, quite another thing in itself. So

902
00:52:03,080 --> 00:52:05,759
Speaker 1: that was, Yeah, that all all the hype, I mean,

903
00:52:05,880 --> 00:52:08,399
Speaker 1: you know, obviously it was attracting new users and things

904
00:52:08,400 --> 00:52:10,360
Speaker 1: like that. Lots of people were getting on board, but

905
00:52:10,719 --> 00:52:12,800
Speaker 1: the popular it kind of became a bit of a

906
00:52:12,880 --> 00:52:14,960
Speaker 1: victim of its own success in a way because the

907
00:52:14,960 --> 00:52:18,160
Speaker 1: prices just went crazy. Now this was while the crypto

908
00:52:18,320 --> 00:52:20,560
Speaker 1: bullmarket was still going on, so you know, there was

909
00:52:20,600 --> 00:52:23,480
Speaker 1: still a lot of hype around crypto, which is all

910
00:52:23,560 --> 00:52:28,440
Speaker 1: kind of evaporated now. Um. It's also worth pointing out

911
00:52:28,520 --> 00:52:32,200
Speaker 1: that that GMT in particular went ballistic around that time too,

912
00:52:32,239 --> 00:52:36,239
Speaker 1: so it around the same time it reached its all

913
00:52:36,280 --> 00:52:40,200
Speaker 1: time high of four dollars and eleven cents. So you know,

914
00:52:40,360 --> 00:52:43,840
Speaker 1: even if you had paid for an n f T

915
00:52:44,000 --> 00:52:47,279
Speaker 1: pair of trainers, you know, you could still earn theoretically

916
00:52:47,320 --> 00:52:51,760
Speaker 1: a decent amount in GMT by by moving around. Now,

917
00:52:52,280 --> 00:52:54,600
Speaker 1: both the floor price of the n f T s

918
00:52:54,719 --> 00:52:58,200
Speaker 1: and actually the sticker price of GMT have dropped a

919
00:52:58,280 --> 00:53:01,919
Speaker 1: lot since then, so um I actually downloaded the app

920
00:53:02,160 --> 00:53:04,520
Speaker 1: earlier to to to you know, when I was doing

921
00:53:04,640 --> 00:53:06,600
Speaker 1: research for this, and I was able to buy an

922
00:53:06,680 --> 00:53:10,480
Speaker 1: n f T trainers for like just under one SOUL,

923
00:53:10,960 --> 00:53:14,560
Speaker 1: and that is SOUL is currently around thirty three dollars

924
00:53:14,600 --> 00:53:19,320
Speaker 1: at the moment, so that's obviously a much lower barrier

925
00:53:19,360 --> 00:53:23,280
Speaker 1: to entry. It is still I would say, a fairly

926
00:53:23,360 --> 00:53:26,399
Speaker 1: high barrier to entry by a lot of people's standards, though,

927
00:53:27,480 --> 00:53:30,160
Speaker 1: which is which is again something that I found a little,

928
00:53:30,280 --> 00:53:32,880
Speaker 1: you know, a little disconcerting. It's like, okay, just in

929
00:53:32,960 --> 00:53:35,400
Speaker 1: order to get started, you've got to, you know, you've

930
00:53:35,440 --> 00:53:40,480
Speaker 1: got to download the app, open the wallet by buy

931
00:53:40,520 --> 00:53:42,480
Speaker 1: some Soul, buy an n f T, all this sort

932
00:53:42,520 --> 00:53:47,200
Speaker 1: of stuff in order to get earning. So remember, guy,

933
00:53:47,320 --> 00:53:50,920
Speaker 1: this is all just for your health. There's there's no

934
00:53:51,000 --> 00:53:56,120
Speaker 1: other motive for any of this this. We're doing this

935
00:53:56,280 --> 00:54:00,440
Speaker 1: for you to make sure you're good. Give us some

936
00:54:00,480 --> 00:54:04,040
Speaker 1: wor that is true. That is true. Well, okay, so

937
00:54:04,080 --> 00:54:06,759
Speaker 1: it's worth it's worth talking about how it Steppen makes money.

938
00:54:06,800 --> 00:54:10,920
Speaker 1: I think it's a large part of Stephen's revenue comes from,

939
00:54:10,960 --> 00:54:13,480
Speaker 1: you know, sales of these n f T s, particularly

940
00:54:13,520 --> 00:54:16,879
Speaker 1: on the secondary market, so it takes a cut of

941
00:54:16,880 --> 00:54:18,840
Speaker 1: of n f T sales. And there is quite a

942
00:54:18,960 --> 00:54:22,040
Speaker 1: thriving or certainly when Steppen was really popular, there was

943
00:54:22,120 --> 00:54:24,360
Speaker 1: quite a thriving market, you know for these n f

944
00:54:24,400 --> 00:54:26,839
Speaker 1: T s. People would buy them, see the price go up,

945
00:54:26,880 --> 00:54:29,080
Speaker 1: and you know, flip them, sell them on and all

946
00:54:29,080 --> 00:54:31,720
Speaker 1: this sort of stuff. So you know, Stephen was able

947
00:54:31,800 --> 00:54:34,520
Speaker 1: to make its money that way, you know, not necessarily

948
00:54:34,520 --> 00:54:38,399
Speaker 1: from from harvesting user data or anything like that. And also,

949
00:54:38,560 --> 00:54:43,040
Speaker 1: of course Steppen issued g m T and GST, these

950
00:54:43,080 --> 00:54:45,520
Speaker 1: two in game tokens. Now as the price that those

951
00:54:45,680 --> 00:54:49,600
Speaker 1: went up, obviously you know that they're they're also in profit. Now.

952
00:54:49,719 --> 00:54:51,439
Speaker 1: I didn't have I didn't quite have time to look

953
00:54:51,440 --> 00:54:54,480
Speaker 1: into the sort of vesting of GMT because obviously, like

954
00:54:55,160 --> 00:54:58,400
Speaker 1: you know, early investors into Stepen were would would have

955
00:54:58,400 --> 00:55:01,120
Speaker 1: been rewarded in you know, for their investment with GMT,

956
00:55:01,520 --> 00:55:03,799
Speaker 1: but that is vested, So that doesn't mean that they

957
00:55:03,800 --> 00:55:08,080
Speaker 1: can necessarily sell it straight away. So that is something

958
00:55:08,080 --> 00:55:10,160
Speaker 1: to bear in mind. But that is obviously a way

959
00:55:10,160 --> 00:55:12,640
Speaker 1: in which the project can make money in the long term.

960
00:55:12,719 --> 00:55:16,560
Speaker 1: You know that through through sales of GMT, which has

961
00:55:17,040 --> 00:55:20,680
Speaker 1: or GST which have you know, both accumulated in value,

962
00:55:20,719 --> 00:55:23,239
Speaker 1: even though they're a long way from from their all

963
00:55:23,280 --> 00:55:26,960
Speaker 1: time highs at the moment. So yeah, and I mean

964
00:55:27,000 --> 00:55:29,560
Speaker 1: stepping the project, it's still got a lot of traction.

965
00:55:29,560 --> 00:55:32,399
Speaker 1: I mean, user numbers are are way way down on

966
00:55:32,440 --> 00:55:34,839
Speaker 1: what they were you know when the project was sort

967
00:55:34,880 --> 00:55:37,120
Speaker 1: of really hyped up back in kind of April May.

968
00:55:37,160 --> 00:55:39,360
Speaker 1: And the crypto bear market is a big part of that.

969
00:55:39,520 --> 00:55:42,640
Speaker 1: You know, people just aren't so aren't so on board

970
00:55:42,680 --> 00:55:46,840
Speaker 1: with with crypto anymore. UM. But I think you know,

971
00:55:46,880 --> 00:55:50,279
Speaker 1: it's clearly had it clearly had something. You know, the

972
00:55:50,320 --> 00:55:54,200
Speaker 1: project clearly has something. It attracted a lot of attention, UM,

973
00:55:54,239 --> 00:55:58,600
Speaker 1: and it attracted you know a lot of investment as well. UM.

974
00:55:58,680 --> 00:56:00,960
Speaker 1: And I mean it is still you know, it is

975
00:56:00,960 --> 00:56:03,840
Speaker 1: still very much, you know, very much going on, you know,

976
00:56:03,960 --> 00:56:06,239
Speaker 1: very much a going concern. There is a lot of

977
00:56:06,239 --> 00:56:08,319
Speaker 1: development happening on step and there are a lot of

978
00:56:08,400 --> 00:56:12,880
Speaker 1: kind of you know, milestones ahead for the project. Um.

979
00:56:12,920 --> 00:56:14,920
Speaker 1: It's had a few sort of things to deal with

980
00:56:14,960 --> 00:56:17,319
Speaker 1: as well. It suffered a di dos attack earlier this year.

981
00:56:17,360 --> 00:56:21,600
Speaker 1: It was also forced to block users from from mainland

982
00:56:21,719 --> 00:56:28,000
Speaker 1: China were running around too much. Possibly possibly I think,

983
00:56:28,040 --> 00:56:32,360
Speaker 1: well it was apparently because of regulation. Chinese regulators weren't

984
00:56:32,400 --> 00:56:36,280
Speaker 1: too weren't too happy with it. Um. I mean, personally,

985
00:56:36,280 --> 00:56:39,160
Speaker 1: my speculation is I reckon the Chinese government sort of

986
00:56:39,160 --> 00:56:42,600
Speaker 1: looked at it and went well, tracking people's movements, that's

987
00:56:42,719 --> 00:56:46,480
Speaker 1: that's very much our job. So you know, you guys

988
00:56:46,640 --> 00:56:49,160
Speaker 1: were not too happy about this, you know, some some

989
00:56:49,960 --> 00:56:53,680
Speaker 1: to the experts. Yeah, exactly where I think, you'll fine.

990
00:56:53,760 --> 00:56:55,960
Speaker 1: We're much better at knowing where people were going. We

991
00:56:56,080 --> 00:56:58,919
Speaker 1: got this, we got this. Yeah. That's a very very

992
00:56:58,960 --> 00:57:03,160
Speaker 1: brief kind of over view of of Stephen, which, as

993
00:57:03,600 --> 00:57:06,000
Speaker 1: you know at the time of recording, is still very

994
00:57:06,080 --> 00:57:09,880
Speaker 1: much the biggest of the move to earn projects. I

995
00:57:09,920 --> 00:57:12,560
Speaker 1: haven't got its market actual market cap to hand yet,

996
00:57:12,560 --> 00:57:15,640
Speaker 1: but you know, it's still very much, very much up there.

997
00:57:17,320 --> 00:57:20,840
Speaker 1: So the other one, now, the next one is quite

998
00:57:20,880 --> 00:57:23,800
Speaker 1: interesting as well. And this is one that you know

999
00:57:23,920 --> 00:57:27,000
Speaker 1: you've talked about as well. Now, this is sweat coin,

1000
00:57:27,920 --> 00:57:32,080
Speaker 1: and this launched more recently. Now that's not that's not

1001
00:57:32,160 --> 00:57:36,360
Speaker 1: actually entirely true. I had I had an early early

1002
00:57:36,520 --> 00:57:40,120
Speaker 1: version of this, maybe pre pandemic, I think, where it

1003
00:57:40,280 --> 00:57:43,280
Speaker 1: was kind of like you you you walk about, uh,

1004
00:57:43,960 --> 00:57:48,080
Speaker 1: you move around, and will give you some fake money

1005
00:57:48,080 --> 00:57:50,400
Speaker 1: where you can get some stuff with. And I had

1006
00:57:50,440 --> 00:57:53,880
Speaker 1: the ingenious idea of of gaffer taping my phone to

1007
00:57:54,120 --> 00:57:58,320
Speaker 1: my dog and just letting him run. But I have

1008
00:57:58,360 --> 00:58:00,880
Speaker 1: a small dog in a big phone. It didn't really work,

1009
00:58:01,520 --> 00:58:04,000
Speaker 1: and I got bored and realized didn't really want anything

1010
00:58:04,000 --> 00:58:07,440
Speaker 1: that was on there. Peter got involved, there was a

1011
00:58:07,520 --> 00:58:16,120
Speaker 1: lawsuit the r s p C A. Yeah, yes, good, good,

1012
00:58:16,160 --> 00:58:20,600
Speaker 1: And the phone's recovered as well, I hope it's yes,

1013
00:58:20,680 --> 00:58:24,479
Speaker 1: So yeah, you're right. Sweat cooin itself has actually been around.

1014
00:58:24,520 --> 00:58:29,640
Speaker 1: I think it's been around since so pre pandemic. And yeah,

1015
00:58:29,680 --> 00:58:33,840
Speaker 1: sweat cooin is is actually a very popular, very successful

1016
00:58:34,040 --> 00:58:37,320
Speaker 1: health and fitness app. In fact, I think even this year,

1017
00:58:37,960 --> 00:58:40,480
Speaker 1: it is the most downloaded health and fitness app in

1018
00:58:40,520 --> 00:58:44,680
Speaker 1: the world, which is which is pretty crazy. Really, It

1019
00:58:44,760 --> 00:58:50,760
Speaker 1: has around a hundred and twenty million users, yeah, which

1020
00:58:50,800 --> 00:58:54,320
Speaker 1: is pretty damn good. And obviously, yeah, it's it's it

1021
00:58:54,360 --> 00:58:57,960
Speaker 1: works in a similar way. It uses it uses step counters,

1022
00:58:58,080 --> 00:59:00,640
Speaker 1: and you know, it uses the technology already in your

1023
00:59:00,680 --> 00:59:02,960
Speaker 1: phone to you know, to log how much you move around,

1024
00:59:03,880 --> 00:59:07,160
Speaker 1: and it's it's had this own sort of pretty popular

1025
00:59:07,200 --> 00:59:10,240
Speaker 1: app with its kind of own kind of inbuilt marketplace

1026
00:59:10,440 --> 00:59:13,480
Speaker 1: for for quite a while now, but in just the

1027
00:59:13,520 --> 00:59:17,600
Speaker 1: last couple of months it has actually launched its own cryptocurrency.

1028
00:59:18,520 --> 00:59:20,200
Speaker 1: So in just the last kind of in just the

1029
00:59:20,280 --> 00:59:22,600
Speaker 1: last couple of months or so, it's actually launched its

1030
00:59:22,600 --> 00:59:28,200
Speaker 1: own cryptocurrency called sweat Economy or you know, sweat short.

1031
00:59:28,560 --> 00:59:31,479
Speaker 1: But yeah, so it's important to clarify that before before

1032
00:59:31,480 --> 00:59:35,680
Speaker 1: we talk about the crypto Sweaty. It's like this, this

1033
00:59:35,760 --> 00:59:38,520
Speaker 1: is something that has existed for a few years already.

1034
00:59:38,520 --> 00:59:41,160
Speaker 1: So this isn't like a brand new crypto project that's

1035
00:59:41,200 --> 00:59:43,360
Speaker 1: just you know, brand new moved to earn crypto project.

1036
00:59:43,400 --> 00:59:46,680
Speaker 1: This is an already established health and fitness app that

1037
00:59:46,760 --> 00:59:51,400
Speaker 1: has moved now into crypto as well. Yeah. Now, as

1038
00:59:51,480 --> 00:59:53,800
Speaker 1: I say about a undred and twenty million active users

1039
00:59:54,200 --> 00:59:57,040
Speaker 1: at the last count, I think thirteen million of those

1040
00:59:57,360 --> 01:00:04,120
Speaker 1: had activated crypto wallets. Okay, so you know it's um

1041
01:00:04,160 --> 01:00:07,360
Speaker 1: by no means, by no means you know, a majority

1042
01:00:07,560 --> 01:00:10,640
Speaker 1: of of sweat coin users have opted to you know,

1043
01:00:10,720 --> 01:00:13,360
Speaker 1: to go crypto if you like. But it does suggest that,

1044
01:00:13,400 --> 01:00:15,640
Speaker 1: you know, there is there is a kind of potential

1045
01:00:16,040 --> 01:00:19,880
Speaker 1: user base for for the crypto project itself to expand into.

1046
01:00:21,000 --> 01:00:24,760
Speaker 1: And another thing that's interesting about sweat is that it's

1047
01:00:24,800 --> 01:00:29,200
Speaker 1: built on near protocol, which is a big rival to Solana.

1048
01:00:29,280 --> 01:00:31,440
Speaker 1: The two projects are actually do actually have quite a

1049
01:00:31,480 --> 01:00:35,200
Speaker 1: lot in common. Um. But yeah, so you can think

1050
01:00:35,280 --> 01:00:38,080
Speaker 1: of sort of Sweat or sweat Economy as it's as

1051
01:00:38,120 --> 01:00:40,400
Speaker 1: it's sort of more rightly known as kind of the

1052
01:00:40,400 --> 01:00:45,320
Speaker 1: big rival to Stepan and on a rival blockchain as well.

1053
01:00:46,400 --> 01:00:49,120
Speaker 1: So yeah, so what's interesting is that it does have

1054
01:00:49,360 --> 01:00:52,040
Speaker 1: this kind of strong user base that it's built up

1055
01:00:52,120 --> 01:00:55,480
Speaker 1: quite separate, quite removed from anything to do with crypto.

1056
01:00:56,320 --> 01:01:00,320
Speaker 1: And the Sweat Economy token has launched in I think

1057
01:01:00,320 --> 01:01:04,280
Speaker 1: it launched in mid September, and it's sort of immediately

1058
01:01:04,320 --> 01:01:06,600
Speaker 1: kind of shot up to about eight cents or whatever,

1059
01:01:06,640 --> 01:01:09,040
Speaker 1: but it's now kind of dwindled right down to it's

1060
01:01:09,040 --> 01:01:12,600
Speaker 1: sort of between one or two cents um. But which

1061
01:01:12,640 --> 01:01:14,960
Speaker 1: is again kind of hardly surprising because you know, we

1062
01:01:15,000 --> 01:01:17,320
Speaker 1: are we are in a bear market, after all, how

1063
01:01:18,120 --> 01:01:20,000
Speaker 1: far do you have to go to get one of these?

1064
01:01:21,600 --> 01:01:23,400
Speaker 1: So I was looking into this, and this is this

1065
01:01:23,440 --> 01:01:25,040
Speaker 1: is one of the interesting things, and this is something

1066
01:01:25,040 --> 01:01:26,720
Speaker 1: I want to touch on a little bit in the

1067
01:01:27,080 --> 01:01:29,400
Speaker 1: after the next break as well, when we talk about like,

1068
01:01:29,480 --> 01:01:32,000
Speaker 1: you know, how moved to earn is kind of going,

1069
01:01:32,120 --> 01:01:35,200
Speaker 1: you know, is there a future for it? Because um,

1070
01:01:35,240 --> 01:01:38,480
Speaker 1: at the moment, you have to walk sort of over

1071
01:01:39,160 --> 01:01:42,520
Speaker 1: a little over a thousand steps in order to mint

1072
01:01:42,800 --> 01:01:48,160
Speaker 1: one sweat coin thirty in a day. It's a big day,

1073
01:01:48,160 --> 01:01:53,000
Speaker 1: but that's that's decent. Yeah, Well, I think, as as

1074
01:01:53,200 --> 01:01:55,960
Speaker 1: I understand it, you're limited. You can earn up to

1075
01:01:56,040 --> 01:01:58,360
Speaker 1: sort of five sweat coins a day at the moment,

1076
01:01:58,400 --> 01:02:02,040
Speaker 1: so only your first five thousand or so steps actually

1077
01:02:02,520 --> 01:02:05,320
Speaker 1: count and five is your five is your maximum, which

1078
01:02:05,360 --> 01:02:08,320
Speaker 1: I guess is you know, is a way of sort

1079
01:02:08,320 --> 01:02:11,040
Speaker 1: of incentivizing people to do you know, a fair bit

1080
01:02:11,080 --> 01:02:13,880
Speaker 1: of walking. But you know, you can't go on a

1081
01:02:13,880 --> 01:02:17,960
Speaker 1: thirty mile run and earn hundreds or whatever it would be,

1082
01:02:18,080 --> 01:02:20,000
Speaker 1: which I think is perhaps, you know, a little bit

1083
01:02:20,000 --> 01:02:21,880
Speaker 1: of a shame, but we'll we'll talk about that in

1084
01:02:21,880 --> 01:02:26,480
Speaker 1: a bit. Um. But yeah, so sweat Yeah, but apparently

1085
01:02:27,120 --> 01:02:29,840
Speaker 1: it's going to become progressively more and more difficult. So

1086
01:02:29,880 --> 01:02:31,760
Speaker 1: at the moment you can earn one sweat coin with

1087
01:02:31,800 --> 01:02:35,920
Speaker 1: a little over one thousand steps, it's it's um projected

1088
01:02:36,080 --> 01:02:38,720
Speaker 1: over the next few years to get more and more

1089
01:02:38,720 --> 01:02:43,840
Speaker 1: and more, so you know, eventually you're a walkin half life. Yeah,

1090
01:02:43,920 --> 01:02:46,000
Speaker 1: but yeah, a bit like a bit sort of similar

1091
01:02:46,000 --> 01:02:48,280
Speaker 1: to a bitcoin harving in a way. Yeah, it's like, yeah,

1092
01:02:48,600 --> 01:02:51,200
Speaker 1: you're gonna have to walk progressively more and more steps

1093
01:02:51,560 --> 01:02:55,480
Speaker 1: in order to earn one sweat coin. And that's you know,

1094
01:02:55,560 --> 01:02:58,720
Speaker 1: that is you know it kind of as it gets,

1095
01:02:58,760 --> 01:03:01,600
Speaker 1: as the asset gets guess it gets harder to earn.

1096
01:03:01,800 --> 01:03:03,880
Speaker 1: You would think that that would you know, that would

1097
01:03:03,960 --> 01:03:08,520
Speaker 1: presumably add add some value to it, But again we'll

1098
01:03:08,520 --> 01:03:11,040
Speaker 1: talk about that in a moment. So so, yes, sweatcoin

1099
01:03:11,120 --> 01:03:13,760
Speaker 1: itself as a non crypto thing, it does have users

1100
01:03:13,760 --> 01:03:15,720
Speaker 1: in kind of dozens of countries. It does have sort

1101
01:03:15,760 --> 01:03:19,360
Speaker 1: of one twenty million and you know, plus users. So

1102
01:03:19,760 --> 01:03:22,840
Speaker 1: in theory, if that gets adopted as a crypto, you know,

1103
01:03:22,880 --> 01:03:24,760
Speaker 1: that could be that could be a real force for

1104
01:03:24,880 --> 01:03:29,120
Speaker 1: kind of mass adoption of crypto in the future. And

1105
01:03:29,600 --> 01:03:32,520
Speaker 1: another thing that I noticed about sweat cooin as well,

1106
01:03:32,560 --> 01:03:35,400
Speaker 1: which I which I thought was interesting, was that it

1107
01:03:35,480 --> 01:03:40,120
Speaker 1: seems a lot simpler than stepping, Like you know, sweatcoin

1108
01:03:40,200 --> 01:03:43,640
Speaker 1: does does have a roadmap. Yeah, Like I suppose it's

1109
01:03:43,720 --> 01:03:46,720
Speaker 1: kind of it's that that that's that's a that's a

1110
01:03:46,720 --> 01:03:49,480
Speaker 1: good point, so it's easier to get involved with. But

1111
01:03:49,680 --> 01:03:53,520
Speaker 1: then also it's it's big sort of user base may

1112
01:03:53,560 --> 01:03:56,840
Speaker 1: not already be crypto savvy, so it's kind of it

1113
01:03:56,920 --> 01:04:00,880
Speaker 1: works in two ways. Like they've got a an audience there,

1114
01:04:01,000 --> 01:04:05,240
Speaker 1: but as far as their crypto and the coin, it's

1115
01:04:05,360 --> 01:04:07,240
Speaker 1: it's you know, a lot of the people may not

1116
01:04:07,320 --> 01:04:13,240
Speaker 1: be interested or or or educated aware enough on how

1117
01:04:13,280 --> 01:04:15,840
Speaker 1: to so sort of set up a wallet and get

1118
01:04:16,040 --> 01:04:19,920
Speaker 1: get all that. Yeah, and I think, you know, it

1119
01:04:20,280 --> 01:04:22,200
Speaker 1: means that it's good in a way because if you're

1120
01:04:22,200 --> 01:04:24,080
Speaker 1: not interested in crypto, you know, if you're just using

1121
01:04:24,080 --> 01:04:26,720
Speaker 1: it too in its kind of earlier format, you know,

1122
01:04:26,760 --> 01:04:28,880
Speaker 1: to earn to earn sort of normal sweatcoins if you

1123
01:04:29,000 --> 01:04:31,880
Speaker 1: like non crypto sweatcoins, which are obviously you know, can't

1124
01:04:31,880 --> 01:04:35,600
Speaker 1: be used can only be used within the app itself. Um,

1125
01:04:35,720 --> 01:04:37,320
Speaker 1: then you know you don't have to You can just

1126
01:04:37,360 --> 01:04:39,720
Speaker 1: carry on using sweatcoin as normal. The crypto at the

1127
01:04:39,720 --> 01:04:44,200
Speaker 1: crypto element of it is completely opt in rather than default.

1128
01:04:45,400 --> 01:04:48,240
Speaker 1: So yeah, and I think like there are things on

1129
01:04:48,560 --> 01:04:51,440
Speaker 1: sweat cooins roadmap, you know that they're going to be

1130
01:04:51,480 --> 01:04:53,640
Speaker 1: doing stuff with n f t s. You can sort

1131
01:04:53,680 --> 01:04:57,480
Speaker 1: of stake your your sweat tokens as well. There are

1132
01:04:57,520 --> 01:04:58,960
Speaker 1: going to be sort of more and more things, more

1133
01:04:58,960 --> 01:05:03,040
Speaker 1: and more integrations. But if you want to, you know,

1134
01:05:03,200 --> 01:05:04,760
Speaker 1: if you want to do it, all you really need

1135
01:05:04,800 --> 01:05:07,320
Speaker 1: to do is download the app, follow the instructions to

1136
01:05:07,360 --> 01:05:10,520
Speaker 1: set up a wallet, start walking and that's it. You know,

1137
01:05:10,600 --> 01:05:13,640
Speaker 1: you don't need to buy an n f T exactly,

1138
01:05:13,680 --> 01:05:21,240
Speaker 1: and you don't really need to know imaginary trainers exactly exactly.

1139
01:05:22,000 --> 01:05:23,840
Speaker 1: So I think that's you know, I think that's an

1140
01:05:23,880 --> 01:05:26,240
Speaker 1: important thing to bear in mind, is that there there

1141
01:05:26,320 --> 01:05:28,880
Speaker 1: there isn't nearly the sort of barrier to entry as

1142
01:05:28,920 --> 01:05:31,480
Speaker 1: there is with with something like Stepan, and you know,

1143
01:05:31,560 --> 01:05:32,960
Speaker 1: to be fair to step and I think this is

1144
01:05:33,000 --> 01:05:36,640
Speaker 1: something that the project itself is very aware of, you know,

1145
01:05:36,960 --> 01:05:38,840
Speaker 1: but this is something I want to talk about this

1146
01:05:38,880 --> 01:05:40,640
Speaker 1: in a bit more details, sort of after the break.

1147
01:05:40,720 --> 01:05:42,640
Speaker 1: So we'll just kind of well, just before we talk

1148
01:05:42,680 --> 01:05:45,280
Speaker 1: about that, we'll just kind of finish up on on sweatcoin. Really,

1149
01:05:45,280 --> 01:05:47,520
Speaker 1: as I say that, there's a lot kind of there's

1150
01:05:47,560 --> 01:05:51,200
Speaker 1: a lot in the pipeline for it, and um you

1151
01:05:51,240 --> 01:05:53,840
Speaker 1: may remember that on the podcast a few weeks ago,

1152
01:05:53,880 --> 01:05:57,160
Speaker 1: I spoke to Rob Wolfe who runs a channel called

1153
01:05:57,160 --> 01:06:00,360
Speaker 1: Digital Asset News. Really really cool guy, really, you know,

1154
01:06:00,440 --> 01:06:02,760
Speaker 1: one of the one of the real good guys in crypto,

1155
01:06:02,840 --> 01:06:05,600
Speaker 1: and he has done he is really he's really keen

1156
01:06:05,760 --> 01:06:07,600
Speaker 1: on sweat coin. He's a big fan of it, and

1157
01:06:07,640 --> 01:06:10,960
Speaker 1: he's done quite a lot of material about it. So

1158
01:06:11,080 --> 01:06:15,120
Speaker 1: you know, anyone listening who is interested in sweat coin,

1159
01:06:15,240 --> 01:06:18,880
Speaker 1: then Digital Asset News and Rob over there are other

1160
01:06:18,920 --> 01:06:21,720
Speaker 1: people to you know, to go and find out more

1161
01:06:21,760 --> 01:06:24,640
Speaker 1: about that. Um So before we take another break, I

1162
01:06:24,640 --> 01:06:26,880
Speaker 1: should also add, as as I said earlier, there are

1163
01:06:26,960 --> 01:06:29,400
Speaker 1: other kind of move to earn projects out there. We've

1164
01:06:29,400 --> 01:06:31,560
Speaker 1: just looked at the sort of top two by market

1165
01:06:31,560 --> 01:06:36,560
Speaker 1: cap there's also things like step app, Geno, Pets, Dot Moves,

1166
01:06:37,200 --> 01:06:39,680
Speaker 1: um Dose, etcetera, etcetera. And as I said, there are

1167
01:06:39,800 --> 01:06:43,680
Speaker 1: you know, a dozen or more of these projects, which

1168
01:06:43,720 --> 01:06:45,960
Speaker 1: suggests that it is you know, it is a kind

1169
01:06:46,000 --> 01:06:48,920
Speaker 1: of it is a growing niche, so you know, another

1170
01:06:48,920 --> 01:06:52,160
Speaker 1: reason to watch out for it. Anyhow, let's take another

1171
01:06:52,240 --> 01:06:55,960
Speaker 1: quick break and then we'll look at whether Move to

1172
01:06:56,040 --> 01:06:59,000
Speaker 1: Earn is just a fad, can it survive? And what

1173
01:06:59,160 --> 01:07:17,800
Speaker 1: might the future hold? And we're back for part three

1174
01:07:18,000 --> 01:07:24,600
Speaker 1: of Move to Earn. I'm guy, he's mad, Mike mooch again. Yeah,

1175
01:07:26,000 --> 01:07:31,640
Speaker 1: it's working quite well. What's it like inhabiting inhabiting my persona? Um,

1176
01:07:31,680 --> 01:07:35,280
Speaker 1: it's um, it's refreshing. There's a lot there's a lot

1177
01:07:35,400 --> 01:07:40,520
Speaker 1: less uh sort of hate going around my head. I

1178
01:07:40,600 --> 01:07:47,640
Speaker 1: feel slightly more positive about the world. Um yeah, good, good, Yes,

1179
01:07:47,800 --> 01:07:50,800
Speaker 1: we're back talking. Well, let's let's round, let's round this off.

1180
01:07:50,840 --> 01:07:53,240
Speaker 1: We've looked at these two projects, and I think the

1181
01:07:53,360 --> 01:07:56,240
Speaker 1: question that now remains is, well, I think two questions.

1182
01:07:56,640 --> 01:08:01,040
Speaker 1: Is Moved to Earn just a fad, just another passing fad,

1183
01:08:01,600 --> 01:08:04,480
Speaker 1: or can it be a thing? And can these projects

1184
01:08:04,600 --> 01:08:07,400
Speaker 1: and others like them survive. Is there is there a

1185
01:08:07,400 --> 01:08:13,400
Speaker 1: place for them in the crypto ecosystem. So I mean, yeah,

1186
01:08:13,440 --> 01:08:15,280
Speaker 1: I want to go back to this idea. Like so

1187
01:08:15,400 --> 01:08:18,439
Speaker 1: many you know, so many times in crypto you see

1188
01:08:18,479 --> 01:08:21,200
Speaker 1: these crypto projects and you think, you know, the question

1189
01:08:21,320 --> 01:08:25,440
Speaker 1: is like what what problem does this solve? What utility

1190
01:08:25,600 --> 01:08:28,559
Speaker 1: does this particular projects have? You know, what is it

1191
01:08:28,600 --> 01:08:31,240
Speaker 1: trying to do? And I think with I think with

1192
01:08:31,360 --> 01:08:34,519
Speaker 1: Move to Earn, there is, as I said earlier, there

1193
01:08:34,640 --> 01:08:37,759
Speaker 1: is a problem to solve. It's like people are generally

1194
01:08:37,800 --> 01:08:40,400
Speaker 1: not as active as they should be on on average,

1195
01:08:40,960 --> 01:08:44,680
Speaker 1: and there should be a way of incentivizing them to

1196
01:08:44,720 --> 01:08:48,160
Speaker 1: get off their asses and and exercise because it's good

1197
01:08:48,160 --> 01:08:53,080
Speaker 1: for them and it's good for society as a whole really,

1198
01:08:54,000 --> 01:08:56,800
Speaker 1: and I think that I think that that's one of

1199
01:08:56,840 --> 01:08:59,160
Speaker 1: the that's one of the reasons that I like Move

1200
01:08:59,240 --> 01:09:01,679
Speaker 1: to Earn. I don't think it's necessarily just a fad

1201
01:09:01,720 --> 01:09:04,160
Speaker 1: in that respect. I think there is you know, there

1202
01:09:04,240 --> 01:09:08,519
Speaker 1: is a genuine incentive there, and if it works, it's

1203
01:09:08,560 --> 01:09:10,839
Speaker 1: it's a good thing. It can be you know, everyone

1204
01:09:10,960 --> 01:09:14,880
Speaker 1: can win um. And it also I think has the

1205
01:09:14,920 --> 01:09:18,360
Speaker 1: advantage of it's it's kind of filly it's it's kind

1206
01:09:18,360 --> 01:09:21,040
Speaker 1: of fit quite nicely into this niche as I say

1207
01:09:21,120 --> 01:09:23,280
Speaker 1: that the tech is already there, you know, and and

1208
01:09:23,320 --> 01:09:26,479
Speaker 1: the fact that sweat coin itself has existed for a

1209
01:09:26,520 --> 01:09:30,040
Speaker 1: long time before kind of moving into crypto. You know,

1210
01:09:30,280 --> 01:09:32,920
Speaker 1: this tech is already there. We're already carrying around these

1211
01:09:32,960 --> 01:09:36,360
Speaker 1: devices that can track where we go and track how

1212
01:09:36,360 --> 01:09:39,439
Speaker 1: many steps were taking. And obviously this whole ten thousand

1213
01:09:39,520 --> 01:09:42,080
Speaker 1: steps thing has been you know, everyone's kind of known

1214
01:09:42,120 --> 01:09:46,360
Speaker 1: about that for a long time now. So it's certainly

1215
01:09:46,479 --> 01:09:49,599
Speaker 1: it's you know, there's certainly a kind of ease of adoption. Really,

1216
01:09:49,640 --> 01:09:52,360
Speaker 1: the tech is already there, so you know, throw into

1217
01:09:52,520 --> 01:09:54,040
Speaker 1: n f t S a couple of tokens and a

1218
01:09:54,120 --> 01:09:57,280
Speaker 1: nice shiny app and and you're good to go in

1219
01:09:57,280 --> 01:09:59,280
Speaker 1: in a way which is perhaps a little a little

1220
01:09:59,280 --> 01:10:02,120
Speaker 1: bit of a cynical way of looking at it, um

1221
01:10:02,160 --> 01:10:05,280
Speaker 1: but I think perhaps in terms of you know, and

1222
01:10:05,560 --> 01:10:08,479
Speaker 1: feel free to disagree obviously with me on on any

1223
01:10:08,520 --> 01:10:11,160
Speaker 1: of this, Mikey, but I think perhaps the big threat

1224
01:10:11,439 --> 01:10:16,000
Speaker 1: that the problem that these apps face is one that

1225
01:10:16,120 --> 01:10:18,080
Speaker 1: you know, lots of lots of kind of play to

1226
01:10:18,120 --> 01:10:21,160
Speaker 1: earn and and other crypto projects themselves face and that

1227
01:10:21,360 --> 01:10:23,920
Speaker 1: is that the only way that they're going to grow,

1228
01:10:24,080 --> 01:10:26,200
Speaker 1: that the only way that they're going to keep you know,

1229
01:10:26,280 --> 01:10:29,439
Speaker 1: being a thing, is to is to attract new users.

1230
01:10:29,960 --> 01:10:33,000
Speaker 1: And there is that kind of you know, there is

1231
01:10:33,040 --> 01:10:35,000
Speaker 1: I hesitate to use the word, but there is that

1232
01:10:35,080 --> 01:10:38,280
Speaker 1: kind of Ponzi scheme element to it, because you know,

1233
01:10:38,960 --> 01:10:41,680
Speaker 1: in order to in order to keep the users that

1234
01:10:41,720 --> 01:10:44,960
Speaker 1: they have engaged and in order to keep being able

1235
01:10:45,000 --> 01:10:48,360
Speaker 1: to reward them for the activity that they're doing, they

1236
01:10:48,400 --> 01:10:52,480
Speaker 1: need to attract new users into you know, into the ecosystem,

1237
01:10:52,560 --> 01:10:56,519
Speaker 1: new users using the app, buying n f T trainers,

1238
01:10:56,760 --> 01:11:00,360
Speaker 1: or minting and spending sweat coins and all this sort

1239
01:11:00,360 --> 01:11:03,280
Speaker 1: of stuff. So, you know, there is that there is

1240
01:11:03,320 --> 01:11:06,479
Speaker 1: that difficulty and as we've seen with Stephen, you know,

1241
01:11:06,520 --> 01:11:10,280
Speaker 1: Stephen is struggling with users now in the bear market.

1242
01:11:10,400 --> 01:11:13,680
Speaker 1: It remains to be seen how successful sweat coin is

1243
01:11:13,680 --> 01:11:16,719
Speaker 1: going to be. Obviously, thirteen million wallets is a start.

1244
01:11:17,760 --> 01:11:20,040
Speaker 1: Is that going to you know, is that going to

1245
01:11:20,080 --> 01:11:23,759
Speaker 1: translate into into more wallets over time? Are more people

1246
01:11:23,800 --> 01:11:26,800
Speaker 1: going to be incentivized to, you know, to to to

1247
01:11:26,960 --> 01:11:29,479
Speaker 1: use the crypto element of sweat coin or are they

1248
01:11:29,520 --> 01:11:31,800
Speaker 1: just going to be happy using using the app in

1249
01:11:31,840 --> 01:11:36,440
Speaker 1: its kind of original form that remains to be seen. Um,

1250
01:11:36,520 --> 01:11:39,719
Speaker 1: and yeah, if if new users don't come on board,

1251
01:11:40,040 --> 01:11:43,599
Speaker 1: then these projects and ones like them are are really

1252
01:11:43,600 --> 01:11:48,680
Speaker 1: going to struggle. Yeah, and we saw that, sorry going

1253
01:11:49,080 --> 01:11:53,640
Speaker 1: now you're going, okay, Well, we we saw that with them.

1254
01:11:54,439 --> 01:11:57,280
Speaker 1: A popular play to earn project, play to earn rather

1255
01:11:57,280 --> 01:12:00,680
Speaker 1: than move to earn a project called actal Infinity. Do

1256
01:12:00,720 --> 01:12:07,800
Speaker 1: you remember have I we've talked about in the Philippines, Yeah, exactly, exactly.

1257
01:12:08,200 --> 01:12:10,160
Speaker 1: Now this was, Yeah, this was a sort of game

1258
01:12:10,240 --> 01:12:14,880
Speaker 1: where axes are basically these sort of blob type monsters

1259
01:12:14,960 --> 01:12:17,280
Speaker 1: that you breed and they you know, you breed them

1260
01:12:17,720 --> 01:12:20,280
Speaker 1: and they fight each other and you earn you know,

1261
01:12:20,320 --> 01:12:22,639
Speaker 1: the in game currency of the game. And it's kind

1262
01:12:22,640 --> 01:12:24,479
Speaker 1: of similar to stepan. You know, you had to buy

1263
01:12:24,520 --> 01:12:28,240
Speaker 1: these axes as n f T s And it became

1264
01:12:28,360 --> 01:12:31,880
Speaker 1: really really popular and people were earning s LP, which

1265
01:12:31,920 --> 01:12:34,320
Speaker 1: was the native sort of token of the game. There

1266
01:12:34,439 --> 01:12:37,720
Speaker 1: was also a excess, which is the kind of games

1267
01:12:37,760 --> 01:12:41,920
Speaker 1: governance token as well. And yeah, at one point quite

1268
01:12:41,920 --> 01:12:45,360
Speaker 1: a few people in the Philippines of all places, were

1269
01:12:45,360 --> 01:12:49,240
Speaker 1: actually earning you know, quite a nice quite a nice

1270
01:12:49,280 --> 01:12:51,439
Speaker 1: bit of money from They were actually earning a living

1271
01:12:51,880 --> 01:12:55,439
Speaker 1: from playing ACXI Infinity, and that's because more users. The

1272
01:12:55,479 --> 01:12:58,200
Speaker 1: game was generating a lot of hype. More users were

1273
01:12:58,240 --> 01:13:00,200
Speaker 1: coming in, you know, so they were buying n f

1274
01:13:00,280 --> 01:13:03,160
Speaker 1: T s. They were pushing up the prices of the tokens,

1275
01:13:03,439 --> 01:13:05,519
Speaker 1: and therefore people who had been using the app for

1276
01:13:05,560 --> 01:13:10,800
Speaker 1: a while we're able to benefit. But it had kind

1277
01:13:10,800 --> 01:13:13,880
Speaker 1: of similar problems that Stephen has experienced in that as

1278
01:13:13,920 --> 01:13:16,280
Speaker 1: the n f T has got more expensive, the barriers

1279
01:13:16,280 --> 01:13:19,160
Speaker 1: to entry got higher and higher, and that is obviously

1280
01:13:19,200 --> 01:13:22,519
Speaker 1: something that puts off new users. And then you know

1281
01:13:22,640 --> 01:13:25,160
Speaker 1: you have a problem because if you're not again, if

1282
01:13:25,160 --> 01:13:28,320
Speaker 1: you're not able to attract new users to the to

1283
01:13:28,520 --> 01:13:31,680
Speaker 1: the game, to the platform, then it's it's going to

1284
01:13:31,920 --> 01:13:37,240
Speaker 1: it's going to struggle to grow and and survive. So

1285
01:13:37,280 --> 01:13:38,840
Speaker 1: how do you I mean, look, we're not sure of

1286
01:13:38,920 --> 01:13:41,639
Speaker 1: fat people. That's that's the one thing they've got going

1287
01:13:41,680 --> 01:13:45,840
Speaker 1: for it. There's a lot of us fatties about um.

1288
01:13:45,880 --> 01:13:47,720
Speaker 1: I don't know if that's good or bad because are

1289
01:13:47,720 --> 01:13:51,120
Speaker 1: we really going to be incentivized for five sweat coins

1290
01:13:51,320 --> 01:13:54,839
Speaker 1: a day? Which leads me back to I think instead

1291
01:13:54,840 --> 01:13:57,559
Speaker 1: of carrot, we should have stick, and if the government

1292
01:13:57,560 --> 01:14:00,439
Speaker 1: really care at us, it should be a bit more

1293
01:14:00,479 --> 01:14:05,920
Speaker 1: of a an ominous threat as opposed to a sort

1294
01:14:05,920 --> 01:14:11,800
Speaker 1: of pathetic you know, you know, carrot are you can

1295
01:14:11,880 --> 01:14:14,160
Speaker 1: get some earbuds, you can get some mere buds, or

1296
01:14:14,200 --> 01:14:15,960
Speaker 1: how about you can see your kids this week? Yeah,

1297
01:14:16,240 --> 01:14:19,000
Speaker 1: if you don't walk, you're not going to see a kid.

1298
01:14:19,080 --> 01:14:21,759
Speaker 1: That's maybe that's not a benefit. Some people probably wouldn't

1299
01:14:21,760 --> 01:14:25,600
Speaker 1: want to see their kids, but some people, yeah, some

1300
01:14:25,760 --> 01:14:28,599
Speaker 1: people do. So you're what you're saying is that move

1301
01:14:28,680 --> 01:14:31,479
Speaker 1: to earn needs to go a lot more black mirror. Yeah,

1302
01:14:33,200 --> 01:14:39,360
Speaker 1: move to survive it needs to go more Hunger Games. Yeah, okay, okay,

1303
01:14:40,000 --> 01:14:43,760
Speaker 1: kind of yeah that then that's something i'd and i'd

1304
01:14:43,800 --> 01:14:46,160
Speaker 1: watch that. You can you can you know, that's content.

1305
01:14:47,640 --> 01:14:49,680
Speaker 1: It's kind of like a wipeout but instead of like

1306
01:14:49,840 --> 01:14:56,599
Speaker 1: water lava. Okay, okay, I I mean so you're saying

1307
01:14:56,720 --> 01:15:00,519
Speaker 1: that move to earn is moved to earn is is dead.

1308
01:15:00,680 --> 01:15:07,680
Speaker 1: Basically it should be moved to survive. Yeah, that's what

1309
01:15:07,760 --> 01:15:11,720
Speaker 1: we want, kind of like Gladiate next, but with actual gladiators.

1310
01:15:13,880 --> 01:15:16,519
Speaker 1: The next big crypto niche won't be moved to earn

1311
01:15:16,720 --> 01:15:23,760
Speaker 1: it will be fight to survive. Well, you who knows

1312
01:15:23,840 --> 01:15:25,920
Speaker 1: the way the world is going, Mikey with you know,

1313
01:15:26,080 --> 01:15:30,080
Speaker 1: with people like you, I wouldn't rule it out. I

1314
01:15:30,200 --> 01:15:33,960
Speaker 1: really wouldn't. Um. Yeah, I think moved to earn the

1315
01:15:34,560 --> 01:15:36,600
Speaker 1: I mean, you're right in a way, like, how do

1316
01:15:36,720 --> 01:15:40,800
Speaker 1: you is it going to be enough of an incentive?

1317
01:15:40,880 --> 01:15:42,640
Speaker 1: You know that people can earn a few you know,

1318
01:15:42,800 --> 01:15:45,120
Speaker 1: people can earn a few sweat cooins or a few

1319
01:15:45,720 --> 01:15:48,360
Speaker 1: g MT or whatever it is, just for for moving

1320
01:15:48,400 --> 01:15:50,840
Speaker 1: around a little bit. And I think this is you know,

1321
01:15:50,960 --> 01:15:52,800
Speaker 1: this is a this is a good question to be

1322
01:15:52,880 --> 01:15:56,960
Speaker 1: asking because when Stephen was you know, when all the

1323
01:15:57,040 --> 01:16:00,160
Speaker 1: hype around Steppen was kind of at its peak, were

1324
01:16:00,240 --> 01:16:03,439
Speaker 1: people making between kind of you know, twenty and fifty

1325
01:16:03,479 --> 01:16:07,840
Speaker 1: dollars a day from from using the app. And now

1326
01:16:08,280 --> 01:16:11,320
Speaker 1: that isn't that isn't life changing amounts of money? Well,

1327
01:16:11,360 --> 01:16:13,439
Speaker 1: certainly not in the developed world, but you know, it's

1328
01:16:13,520 --> 01:16:17,000
Speaker 1: it's certainly like it's a decent side hustle, isn't it.

1329
01:16:17,120 --> 01:16:20,640
Speaker 1: If you can earn if you're moving anyway, it's not

1330
01:16:20,760 --> 01:16:25,240
Speaker 1: that big a deal. Yeah, yeah, if you're this is

1331
01:16:25,320 --> 01:16:31,120
Speaker 1: the best bloody app in the world. Yeah, suddenly, you know,

1332
01:16:31,240 --> 01:16:32,920
Speaker 1: if you if you were yeah, if you work on

1333
01:16:33,000 --> 01:16:34,720
Speaker 1: your on your feet for a living, if you're if

1334
01:16:34,760 --> 01:16:36,800
Speaker 1: you work in an Amazon warehouse or something, if you're

1335
01:16:36,800 --> 01:16:41,080
Speaker 1: a doctor, you're getting bubble bubble, You're getting paid toward

1336
01:16:41,120 --> 01:16:46,320
Speaker 1: the dogs and yourself and yourself. Yeah. But again, I

1337
01:16:46,400 --> 01:16:48,360
Speaker 1: think this is I think this is something that you know,

1338
01:16:48,479 --> 01:16:50,920
Speaker 1: people need to be when when kind of when looking

1339
01:16:50,960 --> 01:16:53,560
Speaker 1: at move to earn, I think people need to be

1340
01:16:53,800 --> 01:16:56,479
Speaker 1: kind of realistic about this thing. It's because if a

1341
01:16:56,640 --> 01:17:01,040
Speaker 1: few early adopters can get in and make an absolute

1342
01:17:01,120 --> 01:17:03,080
Speaker 1: you know, make tons of money, make fifty dollars a

1343
01:17:03,160 --> 01:17:05,000
Speaker 1: day or a hundred dollars a day or whatever it is,

1344
01:17:06,360 --> 01:17:09,720
Speaker 1: that's that to me isn't sustainable, and that to me,

1345
01:17:10,120 --> 01:17:12,519
Speaker 1: you know, that necessarily kind of pushes up the barriers

1346
01:17:12,560 --> 01:17:14,920
Speaker 1: to entry in a lot of cases, and it doesn't

1347
01:17:15,000 --> 01:17:20,000
Speaker 1: incentivize new users at all, um because you know there

1348
01:17:20,000 --> 01:17:21,680
Speaker 1: will be that sense it's like, oh, well, if I've

1349
01:17:21,680 --> 01:17:25,080
Speaker 1: only got in six months ago, i could be making

1350
01:17:25,200 --> 01:17:26,920
Speaker 1: some decent money, but as it is, I'm kind of

1351
01:17:27,000 --> 01:17:28,479
Speaker 1: late to the party, so I'm only going to earn

1352
01:17:28,520 --> 01:17:30,360
Speaker 1: maybe you know, a few pennies or a few cents

1353
01:17:30,400 --> 01:17:33,160
Speaker 1: a day. But I think, like, you know, I think

1354
01:17:33,240 --> 01:17:36,320
Speaker 1: if moved to earn is kind of realistic about itself.

1355
01:17:36,560 --> 01:17:38,479
Speaker 1: I think that can still be a good thing. You know,

1356
01:17:38,600 --> 01:17:41,639
Speaker 1: it's not about it's not about having a side hustle

1357
01:17:41,800 --> 01:17:43,760
Speaker 1: all of a sudden. I don't think it's about giving

1358
01:17:43,840 --> 01:17:47,880
Speaker 1: people that little extra nudge to, you know, to walk

1359
01:17:48,040 --> 01:17:52,240
Speaker 1: instead of taking the bus two you know, to maybe

1360
01:17:52,320 --> 01:17:55,760
Speaker 1: just be like yeah, and it could be just that

1361
01:17:55,920 --> 01:17:58,200
Speaker 1: small incentive. It's just like, oh wow, you know, if

1362
01:17:58,240 --> 01:18:01,880
Speaker 1: I did an extra two hundred steps before I went

1363
01:18:01,960 --> 01:18:04,800
Speaker 1: to bed, then I could just tick over and just

1364
01:18:05,000 --> 01:18:07,720
Speaker 1: earn like one more sweat coin or something like that.

1365
01:18:08,360 --> 01:18:12,040
Speaker 1: And I think those those little incentives can be you know,

1366
01:18:12,280 --> 01:18:15,439
Speaker 1: can be just enough to sort of tip people to

1367
01:18:15,560 --> 01:18:18,280
Speaker 1: take that little extra bit of exercise. And obviously these

1368
01:18:18,360 --> 01:18:21,080
Speaker 1: things are accumulative. So you know, if you are take

1369
01:18:21,200 --> 01:18:23,880
Speaker 1: if you are doing those few extra steps a week,

1370
01:18:24,240 --> 01:18:26,920
Speaker 1: that doesn't add up to anything over you know, over

1371
01:18:27,040 --> 01:18:29,839
Speaker 1: a couple of days, but over a couple of years

1372
01:18:30,200 --> 01:18:35,000
Speaker 1: for example, you know, that does translate into into more exercise.

1373
01:18:35,080 --> 01:18:37,400
Speaker 1: And you know, if you take that into your daily life,

1374
01:18:37,439 --> 01:18:39,720
Speaker 1: if you're and it makes you think about it, doesn't it.

1375
01:18:39,800 --> 01:18:42,360
Speaker 1: It's like, oh, you know, I should you know, I

1376
01:18:42,439 --> 01:18:44,559
Speaker 1: need I need to remember to be up and about

1377
01:18:44,720 --> 01:18:47,519
Speaker 1: or wow, i've been sat down for four hours. I

1378
01:18:47,560 --> 01:18:49,720
Speaker 1: mean I found this yesterday. You know. I was like, wow,

1379
01:18:49,760 --> 01:18:52,519
Speaker 1: I've been sat at my desk for four hours sort

1380
01:18:52,520 --> 01:18:55,479
Speaker 1: of working on various things. It's like I should get

1381
01:18:55,560 --> 01:18:57,360
Speaker 1: you know. And I looked at I've got one of

1382
01:18:57,439 --> 01:18:59,679
Speaker 1: the you know, I've got both of these step counters

1383
01:18:59,760 --> 01:19:02,280
Speaker 1: now on my phone. And I looked and I'd like

1384
01:19:02,439 --> 01:19:05,560
Speaker 1: done five hundred steps in the whole day, and I

1385
01:19:05,720 --> 01:19:08,519
Speaker 1: was like, wow, that's you know, that's pretty pathetic. I'm

1386
01:19:08,560 --> 01:19:10,920
Speaker 1: not gonna I'm not going to earn any sweat coins.

1387
01:19:10,960 --> 01:19:12,640
Speaker 1: I'm not going to earn anything from that. So you know,

1388
01:19:12,720 --> 01:19:14,280
Speaker 1: I got up and had a bit of a had

1389
01:19:14,280 --> 01:19:17,200
Speaker 1: a bit of a walk around, which you know, did

1390
01:19:17,280 --> 01:19:21,360
Speaker 1: me at least some good. So I think, yeah, I

1391
01:19:21,439 --> 01:19:24,200
Speaker 1: think move to earn. If it's going to be successful,

1392
01:19:24,280 --> 01:19:26,960
Speaker 1: it can't be you know, it can't sort of position

1393
01:19:27,040 --> 01:19:28,800
Speaker 1: itself as something like, oh you're going to have a

1394
01:19:28,880 --> 01:19:31,080
Speaker 1: nice little second stream of income. You know, you're going

1395
01:19:31,160 --> 01:19:33,360
Speaker 1: to have a nice side hustle. It's it needs to

1396
01:19:33,439 --> 01:19:35,880
Speaker 1: be about small nudges. It needs to be about really

1397
01:19:36,000 --> 01:19:40,439
Speaker 1: kind of not so much incentivizing people with coins, you know,

1398
01:19:40,560 --> 01:19:44,719
Speaker 1: but incentivizing people to sort of make those small changes

1399
01:19:44,800 --> 01:19:49,240
Speaker 1: themselves and and then find later on actually it's not

1400
01:19:49,400 --> 01:19:53,400
Speaker 1: about earning x amount of sweat coins or whatever. It's

1401
01:19:53,439 --> 01:19:57,760
Speaker 1: actually about you know, you're shifting, you're you're you're right

1402
01:19:57,840 --> 01:20:00,840
Speaker 1: with that. Like I read a book Stomic Habits, which

1403
01:20:00,880 --> 01:20:04,320
Speaker 1: is a phenomenal book and everyone should read it, and

1404
01:20:04,520 --> 01:20:08,160
Speaker 1: it was it talks about, you know, just small improvements,

1405
01:20:08,160 --> 01:20:12,720
Speaker 1: and one percent improvement over a year is dramatic, you know,

1406
01:20:12,840 --> 01:20:16,519
Speaker 1: the compound effect of just small incremental improvements. And those

1407
01:20:16,520 --> 01:20:19,160
Speaker 1: are the small incremental improvements you can make in life,

1408
01:20:19,800 --> 01:20:23,320
Speaker 1: you know. It's it is, as you say, walking to work,

1409
01:20:23,479 --> 01:20:27,160
Speaker 1: it is skipping that sort of chocolate bar and having

1410
01:20:28,200 --> 01:20:31,800
Speaker 1: an apple or a banana or whatever, those small sort

1411
01:20:31,880 --> 01:20:35,200
Speaker 1: of little things. You know, not having an extra five

1412
01:20:35,439 --> 01:20:39,720
Speaker 1: dred calories a day because you've exerted it through exercise

1413
01:20:39,840 --> 01:20:43,799
Speaker 1: or or eating slightly healthier will make a dramatic impact

1414
01:20:43,960 --> 01:20:48,080
Speaker 1: over three sixty five days, and small improvements really do.

1415
01:20:48,680 --> 01:20:50,560
Speaker 1: But it's the commitment to that. And I suppose this

1416
01:20:50,640 --> 01:20:54,519
Speaker 1: is that that small incentive to keep you committed. Um,

1417
01:20:54,760 --> 01:20:58,200
Speaker 1: you know, and and give these big corporations all the

1418
01:20:58,320 --> 01:21:03,439
Speaker 1: data of where you are at every single second day. Well, yeah,

1419
01:21:03,520 --> 01:21:05,320
Speaker 1: I mean I should, I think as far as as

1420
01:21:05,400 --> 01:21:07,360
Speaker 1: far as data is concerned. When I was when I

1421
01:21:07,479 --> 01:21:10,240
Speaker 1: was reading up on on both these projects, you know,

1422
01:21:10,800 --> 01:21:14,639
Speaker 1: it's not it's not about it's not about selling user

1423
01:21:14,760 --> 01:21:16,679
Speaker 1: data because I think you know, we're right to question

1424
01:21:16,760 --> 01:21:19,559
Speaker 1: that sort of thing, right to go, well what are

1425
01:21:19,640 --> 01:21:21,960
Speaker 1: you okay? You know how much we're walking? Do you

1426
01:21:22,040 --> 01:21:24,200
Speaker 1: know where we're going? And what are you doing with

1427
01:21:24,320 --> 01:21:28,280
Speaker 1: that information? Um? That? Yeah? I mean sweat coin as well.

1428
01:21:28,360 --> 01:21:31,280
Speaker 1: You know, I think they they make their money largely

1429
01:21:31,400 --> 01:21:34,960
Speaker 1: from advertising because you know they you know, they have

1430
01:21:35,080 --> 01:21:38,960
Speaker 1: this platform and they build this community around it, you know,

1431
01:21:39,040 --> 01:21:41,120
Speaker 1: these people who are using the platform, and that that

1432
01:21:41,280 --> 01:21:44,519
Speaker 1: obviously gives you a place that you can sell advertising space.

1433
01:21:44,600 --> 01:21:47,600
Speaker 1: You have a community. Therefore, you have eyeballs and you

1434
01:21:47,720 --> 01:21:50,640
Speaker 1: have and obviously you have it. And it wouldn't if

1435
01:21:50,680 --> 01:21:53,040
Speaker 1: you were in a certain position or a certain place

1436
01:21:53,120 --> 01:21:56,600
Speaker 1: and they could put a certain advertiser in front of

1437
01:21:56,680 --> 01:21:59,519
Speaker 1: you because you're in that location, that would be good.

1438
01:22:01,240 --> 01:22:07,280
Speaker 1: That sounds like Mark Zuckerberg's kind of dream. I'm that's

1439
01:22:07,479 --> 01:22:09,800
Speaker 1: that's a bit blade runner. If you asked me, Mike,

1440
01:22:10,000 --> 01:22:13,040
Speaker 1: it's like, oh hi there, Mike, see your see you're

1441
01:22:13,320 --> 01:22:16,200
Speaker 1: just taking a walk past McDonald's. I don't suppose you

1442
01:22:16,280 --> 01:22:19,000
Speaker 1: fancy a big mac. Yeah, yeah you can, but you

1443
01:22:19,080 --> 01:22:21,400
Speaker 1: can get five sweat coins will get you an extra

1444
01:22:21,479 --> 01:22:31,200
Speaker 1: portion of chips. Yeah, ultimately pointless. Yeah, there's there's, there's there's.

1445
01:22:31,320 --> 01:22:33,600
Speaker 1: There's two sides of every sweat cone. I suppose, you know,

1446
01:22:33,760 --> 01:22:35,559
Speaker 1: I think one of the sides is, you know, it's

1447
01:22:35,920 --> 01:22:40,600
Speaker 1: going to help people get a little bit of additional motivation.

1448
01:22:41,080 --> 01:22:44,559
Speaker 1: But I do also think that there is an ulterior

1449
01:22:44,680 --> 01:22:48,280
Speaker 1: motive to to a lot of this, and I think,

1450
01:22:48,400 --> 01:22:54,920
Speaker 1: you know, understanding patterns and and movement data is something

1451
01:22:55,040 --> 01:22:59,680
Speaker 1: that is um really valuable. I touched on it on

1452
01:22:59,840 --> 01:23:02,720
Speaker 1: an earlier segment that we may or may not cut out.

1453
01:23:02,800 --> 01:23:07,920
Speaker 1: But you know, the share share bikes and the share

1454
01:23:07,960 --> 01:23:11,000
Speaker 1: scooters that are out there, there's big money being thrown

1455
01:23:11,040 --> 01:23:14,040
Speaker 1: at them, and there's not very much profit from these

1456
01:23:14,680 --> 01:23:17,960
Speaker 1: uh sort of companies because it costs a lot of

1457
01:23:18,000 --> 01:23:21,920
Speaker 1: money to put these um bikes out there, and they

1458
01:23:22,000 --> 01:23:24,080
Speaker 1: get damaged and they get they're not treated well and

1459
01:23:24,160 --> 01:23:26,000
Speaker 1: you need servicing and you need to collect them and

1460
01:23:26,160 --> 01:23:29,200
Speaker 1: put them all. But there's there's people queuing up to

1461
01:23:29,320 --> 01:23:34,360
Speaker 1: invest in this, so there is there is value from

1462
01:23:34,520 --> 01:23:38,200
Speaker 1: something else apart from offering that service, and and people

1463
01:23:38,280 --> 01:23:40,360
Speaker 1: know about it. I don't know exactly what it is.

1464
01:23:40,400 --> 01:23:43,000
Speaker 1: It's probably something to do with the data, but I

1465
01:23:43,640 --> 01:23:47,120
Speaker 1: feel that there's an element of that to this as well.

1466
01:23:47,240 --> 01:23:49,240
Speaker 1: And don't get me wrong, there may be some benefits

1467
01:23:49,360 --> 01:23:52,240
Speaker 1: you know of cool wicked incentivized as a portion of

1468
01:23:52,320 --> 01:23:54,639
Speaker 1: people to to get up and moving and make small

1469
01:23:54,720 --> 01:23:57,880
Speaker 1: incremental changes in their life. For for some some earbuds

1470
01:23:58,000 --> 01:24:01,080
Speaker 1: or you know, Friendship, bracelettle whatever the hell they give

1471
01:24:01,120 --> 01:24:05,840
Speaker 1: away some some crypto coins. But I think people should

1472
01:24:08,080 --> 01:24:12,560
Speaker 1: tread with caution, sept with caution for one of a

1473
01:24:12,680 --> 01:24:17,559
Speaker 1: more puney phrase, because I think I think it's I'm

1474
01:24:17,640 --> 01:24:23,559
Speaker 1: skeptical these days. Maybe it's because I'm old, it's you're, well, yeah,

1475
01:24:24,200 --> 01:24:26,320
Speaker 1: there's just so much to be There's so much to

1476
01:24:26,360 --> 01:24:28,360
Speaker 1: be cynical about, isn't there. And I think you're you know,

1477
01:24:28,439 --> 01:24:31,560
Speaker 1: you're right to question, You're right to question things like this.

1478
01:24:31,720 --> 01:24:36,280
Speaker 1: It's because I mean, obviously these projects. They're not doing

1479
01:24:36,320 --> 01:24:39,280
Speaker 1: it for free, are they. They're not doing it out

1480
01:24:39,320 --> 01:24:42,320
Speaker 1: of the goodness of their heart. So there there obviously

1481
01:24:42,520 --> 01:24:44,719
Speaker 1: is you know, there is, and there is a business

1482
01:24:44,800 --> 01:24:46,400
Speaker 1: model in it for them. There is an incentive in

1483
01:24:46,439 --> 01:24:49,160
Speaker 1: it for them. Um, I don't think it. I don't

1484
01:24:49,200 --> 01:24:51,479
Speaker 1: think in these cases, certainly the ones that we've talked about,

1485
01:24:51,600 --> 01:24:54,040
Speaker 1: it's it's so much about data. But I think it's

1486
01:24:54,200 --> 01:24:56,800
Speaker 1: it's certainly something that is certainly something that we you know,

1487
01:24:56,960 --> 01:24:59,800
Speaker 1: that we need to be aware of, and it's it's

1488
01:24:59,800 --> 01:25:01,599
Speaker 1: all so important. Going back to what we were talking

1489
01:25:01,600 --> 01:25:04,680
Speaker 1: about earlier, just kind of Web three in general. You know,

1490
01:25:04,800 --> 01:25:08,200
Speaker 1: the big problem with web Web two was that it

1491
01:25:08,360 --> 01:25:11,560
Speaker 1: got you know, it became about these big corporations that

1492
01:25:11,840 --> 01:25:17,200
Speaker 1: that that use data that monetized us, and if we're

1493
01:25:17,240 --> 01:25:21,439
Speaker 1: not careful, then Web three could quite easily become about

1494
01:25:21,520 --> 01:25:24,479
Speaker 1: that as well. And then it's like, well, what was

1495
01:25:24,560 --> 01:25:27,840
Speaker 1: the point in the whole endeavor, because Okay, we've got

1496
01:25:27,920 --> 01:25:30,400
Speaker 1: some new apps, we've got some new things, you know,

1497
01:25:31,320 --> 01:25:34,040
Speaker 1: things working. There are slightly different toys to play with.

1498
01:25:34,680 --> 01:25:36,439
Speaker 1: But if they just end up with the same result,

1499
01:25:36,479 --> 01:25:39,760
Speaker 1: if they just end up in in vast profits, going

1500
01:25:39,880 --> 01:25:43,439
Speaker 1: to big corporations that you know, a sort of morally

1501
01:25:43,560 --> 01:25:46,880
Speaker 1: dubious in a lot of cases, Then then what's what

1502
01:25:47,080 --> 01:25:49,200
Speaker 1: was the point in the first place. So I think

1503
01:25:49,240 --> 01:25:52,240
Speaker 1: you're right too, You're right to question. I also don't

1504
01:25:52,320 --> 01:25:55,400
Speaker 1: have a problem with it to a certain degree, you

1505
01:25:55,439 --> 01:25:58,759
Speaker 1: know what I mean. Like, I was watching a YouTube

1506
01:25:59,520 --> 01:26:06,559
Speaker 1: channel video about a skincare company called Ordinary and they

1507
01:26:07,000 --> 01:26:10,759
Speaker 1: basically have taken They've they've really caused a big disruption

1508
01:26:10,800 --> 01:26:14,439
Speaker 1: in the skincare market, which is, you know, traditionally held

1509
01:26:14,520 --> 01:26:19,960
Speaker 1: by you know, these big big companies, you know, protat, Gamble,

1510
01:26:20,040 --> 01:26:22,519
Speaker 1: all this sort of stuff, with all their lotions and potions,

1511
01:26:23,040 --> 01:26:25,400
Speaker 1: and they've come in with a with a radical news

1512
01:26:25,600 --> 01:26:30,160
Speaker 1: of marketing sort of ploy for this product, which is, hey,

1513
01:26:30,280 --> 01:26:35,320
Speaker 1: look there's nothing is innovative here. We're all selling you

1514
01:26:35,439 --> 01:26:38,160
Speaker 1: exactly the same stuff, and we're just going to be

1515
01:26:38,360 --> 01:26:41,400
Speaker 1: very clear and transparent and scientific with what it is.

1516
01:26:41,920 --> 01:26:47,559
Speaker 1: This whatever acid, uh whatever chemical is what is used

1517
01:26:47,600 --> 01:26:51,400
Speaker 1: to make your skin feel and appear more plump. That's

1518
01:26:51,439 --> 01:26:53,120
Speaker 1: what it is, and that's what they say on the bottle,

1519
01:26:53,200 --> 01:26:55,519
Speaker 1: and that's what we're selling you instead of you know,

1520
01:26:55,920 --> 01:26:59,400
Speaker 1: this latest like all this science mumbo jumbo and and

1521
01:27:00,000 --> 01:27:04,320
Speaker 1: oxy doughs and whatever to sort of tricking into thinking

1522
01:27:04,720 --> 01:27:09,960
Speaker 1: exactly all of these whatever extra plus volume whatever whatever

1523
01:27:10,320 --> 01:27:12,160
Speaker 1: they market on the bottle. It's kind of like, no,

1524
01:27:12,760 --> 01:27:15,160
Speaker 1: there's there's no rocket science for this. We know what

1525
01:27:15,479 --> 01:27:19,599
Speaker 1: what these chemicals do. It's not it's not witchcraft. It's

1526
01:27:19,720 --> 01:27:22,120
Speaker 1: just we know what it is. And everyone is selling

1527
01:27:22,160 --> 01:27:24,840
Speaker 1: you exactly the same thing. But we're just the ones

1528
01:27:24,840 --> 01:27:26,439
Speaker 1: who are going to say this is what it is.

1529
01:27:26,560 --> 01:27:30,120
Speaker 1: It's ordinary. We're scientific call. And maybe that's what a

1530
01:27:30,280 --> 01:27:33,120
Speaker 1: data company should should should should come in and say, hey,

1531
01:27:33,240 --> 01:27:37,000
Speaker 1: look cool, we want to learn more about how humans

1532
01:27:37,040 --> 01:27:38,800
Speaker 1: work and how they interact so that we can be

1533
01:27:38,880 --> 01:27:41,559
Speaker 1: a bit more efficient. Maybe we can plan things better.

1534
01:27:41,800 --> 01:27:47,040
Speaker 1: Maybe we can um you know, use that data to

1535
01:27:47,160 --> 01:27:49,240
Speaker 1: benefit us and be more efficient. It's sort of like

1536
01:27:49,320 --> 01:27:53,679
Speaker 1: how when TfL introduced the Oyster card, they would new, okay, cool,

1537
01:27:53,840 --> 01:27:55,320
Speaker 1: Well these are the routes that are getting used more,

1538
01:27:55,360 --> 01:27:56,920
Speaker 1: so we need to invest more in these routes so

1539
01:27:56,960 --> 01:28:00,719
Speaker 1: that people are are comfortable on their travel and stuff

1540
01:28:00,720 --> 01:28:03,920
Speaker 1: like that. And maybe that's what data needs to do

1541
01:28:04,960 --> 01:28:09,560
Speaker 1: and be a bit more transparent and obvious and and

1542
01:28:09,800 --> 01:28:13,160
Speaker 1: clear with what they're using that data for. And people

1543
01:28:13,240 --> 01:28:15,599
Speaker 1: may be like, okay, cool, fine, because I don't think

1544
01:28:15,640 --> 01:28:19,200
Speaker 1: anyone has a problem if they're looking for a certain product, Okay, cool,

1545
01:28:19,240 --> 01:28:24,000
Speaker 1: I need to buy some camping gear. I want adverts

1546
01:28:24,040 --> 01:28:26,240
Speaker 1: for good camping gear coming towards me. I don't want

1547
01:28:26,280 --> 01:28:31,840
Speaker 1: adverts for you know, um, I don't know, fucking skincare stuff,

1548
01:28:32,720 --> 01:28:35,800
Speaker 1: makeup and stuff like that. It's it's it's it's irrelevant

1549
01:28:35,840 --> 01:28:38,640
Speaker 1: to me. So it's on that level people are are

1550
01:28:38,720 --> 01:28:41,599
Speaker 1: okay with it. It's when the data is being used

1551
01:28:41,640 --> 01:28:47,280
Speaker 1: for you know, more sort of dodgy stuff, you know,

1552
01:28:47,640 --> 01:28:52,559
Speaker 1: like with governments and and maybe big corps and stuff

1553
01:28:52,640 --> 01:28:55,040
Speaker 1: like suppressing sort of stuff like. That's that's when people

1554
01:28:55,040 --> 01:28:58,120
Speaker 1: are a bit concerned about their data. But if it's okay, cool,

1555
01:28:58,200 --> 01:29:00,920
Speaker 1: Look we're gonna we're gonna make the pavement wider here,

1556
01:29:01,080 --> 01:29:03,360
Speaker 1: or we're going to make the street lighting better here

1557
01:29:03,479 --> 01:29:06,920
Speaker 1: or whatever, that's great, let's do that, wonderful take my data,

1558
01:29:08,600 --> 01:29:12,160
Speaker 1: have it all. Well. Yeah, and I guess you know, again,

1559
01:29:12,240 --> 01:29:14,880
Speaker 1: what something I was talking about earlier on wasn't that

1560
01:29:14,960 --> 01:29:17,040
Speaker 1: It was this idea. You know, one kind of web

1561
01:29:17,160 --> 01:29:20,760
Speaker 1: three idea is that that people people should be able to,

1562
01:29:21,600 --> 01:29:24,559
Speaker 1: you know, monetize their own data. So it's like, perhaps

1563
01:29:24,600 --> 01:29:27,320
Speaker 1: if you can choose who to whom you to whom

1564
01:29:27,360 --> 01:29:31,120
Speaker 1: you sell that data. It's like, hey, Transport for London

1565
01:29:31,320 --> 01:29:34,439
Speaker 1: would like to would like to buy your travel data

1566
01:29:34,720 --> 01:29:37,760
Speaker 1: for a year so it can do this, this and this,

1567
01:29:38,400 --> 01:29:41,240
Speaker 1: and you can go, Okay, that sounds like a fair deal.

1568
01:29:42,360 --> 01:29:47,519
Speaker 1: Whereas you know, baby killing Evil Corp Limited would would

1569
01:29:47,600 --> 01:29:50,599
Speaker 1: like your data in order to develop a more efficient

1570
01:29:51,040 --> 01:29:56,160
Speaker 1: baby fresh babies. Yeah, then you can go, do you

1571
01:29:56,240 --> 01:29:58,840
Speaker 1: know what i'd I'd rather not know? Not a year,

1572
01:30:00,160 --> 01:30:10,000
Speaker 1: not yeah, six months? Maybe? Yeah, I'm not a monster anyhow,

1573
01:30:10,200 --> 01:30:12,800
Speaker 1: we are baby killing when maybe we should. Maybe that's

1574
01:30:12,800 --> 01:30:16,760
Speaker 1: a good, good place to leave it. Maybe maybe it's

1575
01:30:16,880 --> 01:30:19,160
Speaker 1: it's certainly one of the cheery episodes that we've ended

1576
01:30:19,200 --> 01:30:23,760
Speaker 1: on recently. So yeah, it was good, man, it was

1577
01:30:23,800 --> 01:30:26,920
Speaker 1: it's good cutching up. Man. It's been a while, it

1578
01:30:27,040 --> 01:30:29,400
Speaker 1: has been, it has been, isn't it. Yeah, it's been

1579
01:30:29,439 --> 01:30:31,800
Speaker 1: a long time, but now it was fun. It was

1580
01:30:31,960 --> 01:30:35,680
Speaker 1: a nice sort of rambling discussion. Um, we sort of

1581
01:30:35,760 --> 01:30:40,000
Speaker 1: reached reached a conclusion in a way about baby killing machines,

1582
01:30:40,360 --> 01:30:43,800
Speaker 1: and I feel we've I feel we've both both learned something.

1583
01:30:43,920 --> 01:30:46,719
Speaker 1: Thank you so much for listening to the coin Bureau podcast.

1584
01:30:46,800 --> 01:30:49,439
Speaker 1: If you'd like to learn more about cryptocurrency, you can

1585
01:30:49,520 --> 01:30:52,920
Speaker 1: visit our YouTube channel at YouTube dot com forward slash

1586
01:30:53,000 --> 01:30:55,599
Speaker 1: coin Bureau. You can also go to coin bureau dot

1587
01:30:55,640 --> 01:30:58,720
Speaker 1: com for loads more information about all things crypto. You

1588
01:30:58,800 --> 01:31:01,559
Speaker 1: can follow me on Twitter at coin berea or one word,

1589
01:31:01,680 --> 01:31:04,680
Speaker 1: and I'm also active on TikTok and Instagram as well.

1590
01:31:05,240 --> 01:31:07,960
Speaker 1: First of all, it's not thank you for listening, You're

1591
01:31:08,040 --> 01:31:12,920
Speaker 1: welcome for great content. Yeah, like this is free and

1592
01:31:13,000 --> 01:31:16,280
Speaker 1: they're learning about a fairly great topic in a non

1593
01:31:16,400 --> 01:31:19,040
Speaker 1: boring way. If you'd like to visit me and hear

1594
01:31:19,080 --> 01:31:21,880
Speaker 1: more about me, go to mooch about m O O

1595
01:31:22,080 --> 01:31:35,280
Speaker 1: C h A, b O U T or else. For

1596
01:31:35,400 --> 01:31:38,360
Speaker 1: more podcasts from I Heart Radio, visit the I heart

1597
01:31:38,439 --> 01:31:42,320
Speaker 1: Radio app, Apple Podcasts, or wherever we get your podcasts.

1598
01:31:50,120 --> 01:31:53,000
Speaker 1: The coin Berea podcast is a production of I Heart

1599
01:31:53,120 --> 01:31:53,400
Speaker 1: Radio