WEBVTT - Move to Earn 0:00:00.040 --> 0:00:03.360 The coin Bureau Podcast is a production of I Heart Radio. 0:00:03.800 --> 0:00:06.760 I think perhaps the big threat that the problem that 0:00:06.880 --> 0:00:11.040 these apps face is one that you know, lots of 0:00:11.200 --> 0:00:13.080 lots of kind of play to earn and and other 0:00:13.080 --> 0:00:16.160 crypto projects themselves faced, and that is that the only 0:00:16.200 --> 0:00:18.880 way that they're going to grow, that the only way 0:00:18.880 --> 0:00:21.000 that they're going to keep you know, being a thing, 0:00:21.239 --> 0:00:25.720 is to is to attract new users. And there is 0:00:25.760 --> 0:00:27.960 that kind of you know, there is I hesitate to 0:00:28.040 --> 0:00:30.000 use the word, but there is that kind of Ponzi 0:00:30.080 --> 0:00:33.800 scheme element to it, because you know, in order to 0:00:34.280 --> 0:00:37.200 in order to keep the users that they have engaged 0:00:37.400 --> 0:00:40.360 and in order to keep being able to reward them 0:00:40.400 --> 0:00:43.599 for the activity that they're doing, they need to attract 0:00:43.800 --> 0:00:47.360 new users into you know, into the ecosystem, new users 0:00:47.560 --> 0:00:51.559 using the app, buying n f T trainers or you know, 0:00:51.640 --> 0:00:54.920 minting and spending sweat coins and all this sort of stuff. 0:00:55.480 --> 0:01:02.400 So you know, there is that there is that difficulty. 0:01:09.200 --> 0:01:12.679 Welcome everyone to the coin Bureau Podcast. My name is 0:01:12.880 --> 0:01:17.560 Mad Mike notewait my keep it in some keep it in, 0:01:17.920 --> 0:01:24.040 and my name is Guy. Well you can you can 0:01:24.080 --> 0:01:26.360 tell it's been a few weeks, can't you. Yeah, sure, 0:01:26.400 --> 0:01:28.160 why not, Let's let's keep it like that. My name 0:01:28.200 --> 0:01:31.759 is mad Mike Mooch and his name is Guy. Welcome 0:01:31.840 --> 0:01:34.920 to the Coin Bureau podcast. Um, it's been a few 0:01:34.920 --> 0:01:38.920 weeks since since we last got together, but here we are. 0:01:39.000 --> 0:01:41.280 So I thought we'd talk about We talked about a 0:01:41.319 --> 0:01:45.000 little crypto niche one that I think is a very 0:01:45.000 --> 0:01:48.080 interesting one to to look at. It could well be 0:01:49.000 --> 0:01:52.520 one to look out for in the future. So, Mike 0:01:52.600 --> 0:01:56.120 are you Are you basically ready to talk about move 0:01:56.200 --> 0:02:00.720 to earn? Sure, let's do this. This is something I'm 0:02:00.760 --> 0:02:04.800 not a hundre cent familiar with. But there was something similar. 0:02:04.840 --> 0:02:09.640 I downloaded an app where you would you'd have to 0:02:09.680 --> 0:02:11.600 do I think it was during the pandemic. It might 0:02:11.600 --> 0:02:14.760 have been just before the pandemic, where you had to move, 0:02:15.120 --> 0:02:19.639 you had to walk and if you walked or step 0:02:19.680 --> 0:02:22.160 coin or something like that coin steps or something like that, 0:02:22.840 --> 0:02:26.840 sweat sweat coin, sweat coin that was it? Is this 0:02:26.880 --> 0:02:29.160 the same thing that's one of the projects we're talking 0:02:29.160 --> 0:02:32.760 about today. Yeah, we'll see again. I'm a pioneer and 0:02:32.800 --> 0:02:38.240 I didn't even know it. I'm like, uh, is there 0:02:38.320 --> 0:02:40.800 some pioneer who discovered something didn't know Columbus. He was 0:02:40.800 --> 0:02:44.120 trying to find India and found America or or the 0:02:44.120 --> 0:02:50.000 Caribbean at Yeah. Um, I'm like less less genocide. Um 0:02:50.160 --> 0:02:54.480 yeah he uh yeah. So I was on this ages 0:02:54.520 --> 0:02:58.800 ago um, and I tried to attach my phone to 0:02:58.880 --> 0:03:03.200 my dog so that it would be constantly moving. But 0:03:03.320 --> 0:03:05.240 he is quite a small dog and I had quite 0:03:05.240 --> 0:03:08.880 a big phone. Um. And it seemed like quite a 0:03:08.919 --> 0:03:12.000 lot of effort. It was quite good. Um. I don't 0:03:12.000 --> 0:03:14.720 think I earned anything or claimed anything from it, but 0:03:14.960 --> 0:03:17.720 I quite like the premise of it, which was move 0:03:17.760 --> 0:03:20.200 your fat ass and if you move enough, you will 0:03:20.360 --> 0:03:23.800 you will get rewarded with some tokens or some some 0:03:23.880 --> 0:03:27.600 sort of thing I didn't realize as crypto. Thank you 0:03:27.680 --> 0:03:30.079 very much everyone for listening to the Coin Bureau podcast. 0:03:30.120 --> 0:03:39.840 That is that was moved to earn next week. That 0:03:41.000 --> 0:03:44.280 was a beautiful, a beautiful summation of the entire move 0:03:44.360 --> 0:03:46.920 to earn genre. Yeah, get off your fat ass and 0:03:47.400 --> 0:03:50.080 start moving around. No, don't attach it to the dog. 0:03:50.640 --> 0:03:53.520 Don't try that. That's that's interesting. I was. I was 0:03:53.520 --> 0:03:55.800 reading up on on some of these projects, and like, 0:03:56.120 --> 0:03:58.880 there are crypto projects, you know, doing this sort of thing. 0:03:59.000 --> 0:04:03.080 And you know, putting in certain safeguards so as people 0:04:03.160 --> 0:04:06.640 can't literally attach them to their dogs. And I remember 0:04:06.680 --> 0:04:08.680 when I was reading about that, I was like, surely 0:04:08.840 --> 0:04:14.280 no one would do that, would they would? I mean, look, 0:04:14.320 --> 0:04:17.880 there's a whole there's a whole um niche of people 0:04:17.920 --> 0:04:22.400 out there whose main objective is just to cheat the system. 0:04:22.480 --> 0:04:25.840 Now I'm very very loosely involved in that, but because 0:04:25.880 --> 0:04:29.000 I'm also lazy, but I know some friends who will 0:04:29.360 --> 0:04:33.839 will expend serious amounts of energy and time just to 0:04:33.839 --> 0:04:37.599 to to screw over some sort of offer and get 0:04:37.640 --> 0:04:39.520 the most out of it. You see these people, like 0:04:39.560 --> 0:04:43.840 these coupon collectors in America who and they're making big 0:04:43.839 --> 0:04:48.599 bucks by doing this. They scour and collect coupons and 0:04:48.640 --> 0:04:51.280 some of the coupon deals. It's not like in England 0:04:51.360 --> 0:04:54.560 where it's like you can only use this coupon not 0:04:54.640 --> 0:04:57.599 in conjunction with other offers. In America they don't seem 0:04:57.640 --> 0:04:59.520 to have that. And it's kind of like if you 0:04:59.560 --> 0:05:04.039 get enough for these coupons, you're basically getting products for free. 0:05:05.080 --> 0:05:11.359 And there's these um normally housewives or but you know, 0:05:11.800 --> 0:05:15.000 anyone can be a coupon collector who dedicate their time, 0:05:15.120 --> 0:05:18.680 go to websites about it, trading coupons, all sorts of stuff, 0:05:19.000 --> 0:05:24.440 and I'm making not making millions, but saving big, big bucks. 0:05:24.440 --> 0:05:27.840 And they've got you know, warehouses full of just you know, 0:05:28.040 --> 0:05:32.440 washing detergent and different cereals. They're like preppers, but just 0:05:33.320 --> 0:05:36.960 and it's it's that, it's that bit in your brain 0:05:37.000 --> 0:05:39.840 where you you know, it's it's it's a game. Okay, cool, 0:05:39.880 --> 0:05:41.280 I've got to beat the system. I've got to get 0:05:41.279 --> 0:05:42.920 the coupon. I'll click the points. We've got to click, 0:05:42.960 --> 0:05:46.920 you know, complete the loyalty card stamp and and you know, 0:05:47.560 --> 0:05:50.599 and and and get my free tide pods or whatever 0:05:50.640 --> 0:05:55.000 it is. Yeah, it's it's an interesting parallel to draw 0:05:55.120 --> 0:05:59.599 actually between between that and games, because I think that's 0:05:59.600 --> 0:06:01.760 a big I think that's a big part of it. Um. 0:06:02.400 --> 0:06:06.120 I remember seeing you know, Charlie Brooker over and back 0:06:06.160 --> 0:06:08.280 in back in the UK. I remember he did a 0:06:08.360 --> 0:06:11.520 run down of some of you know, the greatest games 0:06:11.520 --> 0:06:14.159 in history or something like that, and like he covered 0:06:14.160 --> 0:06:16.760 the more you know, Zelder and Mario and Gold nine, 0:06:16.880 --> 0:06:20.440 all these sorts of things, and then like for number 0:06:20.480 --> 0:06:23.359 one he had I think it was Twitter and it 0:06:23.440 --> 0:06:25.960 was like what, and then he sort of explained it, 0:06:26.000 --> 0:06:29.279 like all the kind of gamification kind of metrics that 0:06:29.360 --> 0:06:32.360 it uses, and like you know, Instagram uses and things 0:06:32.360 --> 0:06:35.520 like this, you know, the sort of loot boxes thing 0:06:35.520 --> 0:06:37.479 and the dopamine hits and all that sort of stuff. 0:06:37.520 --> 0:06:40.280 And it's like, actually, yeah, if you if you can 0:06:40.320 --> 0:06:43.400 add these kind of gamification elements, you can really you 0:06:43.440 --> 0:06:45.680 can really suck people in. You know, they really get 0:06:45.720 --> 0:06:49.039 they really get involved with it more. I introduced a 0:06:49.040 --> 0:06:52.279 loyalty card at the comedy club I run, and we 0:06:52.400 --> 0:06:56.120 see people who you know that they come down and 0:06:56.160 --> 0:06:59.440 then they're almost more excited to get the stamp than 0:06:59.480 --> 0:07:02.480 they are toist see the show. And that's not an 0:07:02.520 --> 0:07:05.360 indication of the level of the show. That's just how 0:07:05.400 --> 0:07:09.560 how they are keen to to to sort of you know, 0:07:09.680 --> 0:07:12.480 complete the stamps and and and win that that little 0:07:12.520 --> 0:07:14.440 game in their head. And I do it as well. 0:07:14.600 --> 0:07:19.040 I I m I started a subscription PREP subscription, which 0:07:19.040 --> 0:07:22.200 I believe they've also got in America. Uh, and you know, 0:07:22.480 --> 0:07:26.080 you get five coffees a day. And because of that, 0:07:26.200 --> 0:07:29.920 I went to PREP four times at least a day 0:07:30.000 --> 0:07:31.720 in order to get that. I was just like you 0:07:31.720 --> 0:07:33.679 know what, I'm going to get another free coffee because 0:07:33.760 --> 0:07:36.400 I want to make sure they're earning as little from 0:07:36.440 --> 0:07:38.960 me as possible. I mean, admittedly, when I'd go in there, 0:07:38.960 --> 0:07:41.720 I'd buy two sandwiches and a chocolate bar and completely 0:07:41.720 --> 0:07:44.400 was unaware that I'm the one who's been exploited, not them. 0:07:44.880 --> 0:07:48.480 But that's it's just that psychological game that that you're playing. 0:07:48.520 --> 0:07:50.480 And I suppose this is probably what the sweat cooin 0:07:50.560 --> 0:07:53.560 thing is, but I don't understand. I mean, I know 0:07:53.600 --> 0:07:55.880 you've sent me the notes and obviously haven't read any 0:07:55.880 --> 0:07:58.360 of them, and I don't want to derail this too 0:07:58.440 --> 0:08:02.600 much more than usual. But how does sweat coin make money? What? 0:08:02.600 --> 0:08:05.160 What is the purpose in it? Is it a government 0:08:05.160 --> 0:08:08.080 incentive to stop us being fat? Is it? Is it 0:08:08.120 --> 0:08:10.680 they're tracking our data and finding out where we are going? 0:08:10.720 --> 0:08:12.880 And is that where they're making their money? Are they 0:08:12.920 --> 0:08:14.560 just making sure we're out the house? And are they 0:08:14.680 --> 0:08:17.240 robbing us while they're away? How does it make money? 0:08:17.240 --> 0:08:20.280 Why are they paying us to move? I think, and 0:08:20.480 --> 0:08:24.160 I think in large part it's it's about advertising, because 0:08:24.840 --> 0:08:28.480 you know they've created this platform whereby you know that 0:08:28.600 --> 0:08:30.720 they have a lot of they you know, it's about 0:08:30.720 --> 0:08:33.880 getting people engaged. And again it's the gamification aspect of 0:08:33.920 --> 0:08:36.000 it that I think keeps a lot of people coming back. 0:08:36.480 --> 0:08:39.000 And therefore, you build a you know, you build a 0:08:39.000 --> 0:08:42.960 platform and you build a community around that platform. And 0:08:43.000 --> 0:08:45.560 then the I mean, you've you've used sweat coins, so 0:08:45.600 --> 0:08:47.960 you'll you'll know that there's kind of a you know, 0:08:48.080 --> 0:08:51.439 sort of in in in app marketplace where you can 0:08:51.480 --> 0:08:54.160 trade these sweat coins for like you know, it mostly 0:08:54.200 --> 0:08:57.160 seems to be earbuds and things like that, but you know, 0:08:57.240 --> 0:09:01.160 that's I think. I think the big draw there is 0:09:01.160 --> 0:09:04.400 is people is eyeball is eyeballs basically, and you know, 0:09:04.480 --> 0:09:07.079 therefore you can you can build this kind of marketplace, 0:09:07.160 --> 0:09:09.559 you can advertise within that marketplace and all that sort 0:09:09.559 --> 0:09:12.400 of stuff, and that I think is is how they 0:09:12.440 --> 0:09:15.880 make you know, a lot of their money fair enough, 0:09:17.000 --> 0:09:19.520 fair enough. Well, when you say it like that, that 0:09:19.600 --> 0:09:23.320 makes complete sense. Maybe they aren't robbing people while they're out. 0:09:23.880 --> 0:09:28.440 Maybe they are, but who knows, who knows? Your your 0:09:28.480 --> 0:09:32.560 explanation makes a bit more sense. Okay, well that's good. 0:09:32.600 --> 0:09:36.360 I mean, I do my best, but no, it's an 0:09:36.360 --> 0:09:38.960 interesting it's an interesting thing, you know, it's it's interesting 0:09:39.000 --> 0:09:41.760 the way these projects work, and obviously crypto puts a 0:09:41.840 --> 0:09:46.880 different kind of money making angle on it as well. Um. 0:09:46.920 --> 0:09:48.960 But yeah, I mean, well, I'm glad you're sort of 0:09:49.000 --> 0:09:52.600 I'm glad you're kind of familiar with sweat coin because it's, yeah, 0:09:52.640 --> 0:09:54.480 it's it's one of the ones that we're it's one 0:09:54.520 --> 0:09:55.760 of the ones that we're sort of going to talk 0:09:55.760 --> 0:09:59.800 about a bit um and that and another project and stuff. 0:09:59.800 --> 0:10:04.240 But um, you've been it's been a while since since 0:10:04.280 --> 0:10:08.720 we've we've had a pod together, me and you. It 0:10:08.760 --> 0:10:11.800 has been a long time, hasn't it. I have been, 0:10:12.360 --> 0:10:14.880 I have been very well. I've I was on holiday 0:10:14.960 --> 0:10:19.560 in Zanzibar a couple of weeks ago, which was very nice, 0:10:19.640 --> 0:10:24.240 highly recommended. Um, and then I came back and just 0:10:24.440 --> 0:10:26.720 had so much kind of work and sort of stuff 0:10:26.760 --> 0:10:30.360 piled up that I just didn't have time to to 0:10:30.440 --> 0:10:33.880 prepare for a podcast. But but now fortunately kind of 0:10:33.920 --> 0:10:36.560 you know that thing where you go on holiday and 0:10:36.600 --> 0:10:38.200 you're like, oh, I'm just going to relax for a 0:10:38.200 --> 0:10:40.200 week and you have a lovely kind of relaxing time, 0:10:41.080 --> 0:10:43.160 and then you get back and because you haven't done 0:10:43.200 --> 0:10:46.800 any work for a week, everything is absolutely mental and 0:10:47.320 --> 0:10:50.520 you you know, you spend like the next two three 0:10:50.720 --> 0:10:53.200 four weeks kind of catching up on everything you missed 0:10:53.520 --> 0:10:56.199 whilst you were away, and you don't feel like you've 0:10:56.200 --> 0:10:58.960 had a holiday at all. No holidays are it's just 0:10:59.040 --> 0:11:03.080 a complete miss. No, like the stress and of organizing one, 0:11:03.559 --> 0:11:06.640 and then the travel stress. Then when you get there 0:11:06.640 --> 0:11:08.400 and it's like, okay, cool, is it living up to 0:11:08.440 --> 0:11:11.960 my expectations. I never stopped working and and my I've 0:11:11.960 --> 0:11:14.520 always got something on my mind and I enjoy my work. 0:11:14.559 --> 0:11:17.360 So I'm just working in a new environment that's costing 0:11:17.400 --> 0:11:20.440 me more money. And then it's the travel back. And 0:11:20.480 --> 0:11:23.160 then also at on top of that the arguments because 0:11:23.200 --> 0:11:25.439 I've not really been relaxing and spending time with my family, 0:11:25.440 --> 0:11:29.040 I've just been working in a hot place. Means that 0:11:29.360 --> 0:11:34.720 I don't like holidays that much. I must say, I'm 0:11:34.840 --> 0:11:38.080 kind of with you. I Like we we went away 0:11:38.240 --> 0:11:41.960 and like we were really sort of strict about like 0:11:42.000 --> 0:11:43.880 we're going to we're going to relax, we're not going 0:11:43.920 --> 0:11:45.960 to do anything and stuff, and it was really nice 0:11:46.000 --> 0:11:47.839 for about twenty four hours and then it was sort 0:11:47.880 --> 0:11:53.240 of like ah, yeah, and then but we did have 0:11:53.280 --> 0:11:55.240 a relaxing week in the end, but there was you know, 0:11:55.280 --> 0:11:57.000 there was sort of stress at the back of your 0:11:57.080 --> 0:11:59.920 back of my mind. And then on the final more 0:12:00.360 --> 0:12:02.720 like we were leaving at really early in the morning, 0:12:02.760 --> 0:12:04.680 we had to get a taxi from our hotel to 0:12:04.720 --> 0:12:07.640 the airport, which was about an hour and a half 0:12:07.720 --> 0:12:12.160 drive away, and the taxi just didn't turn up, so 0:12:12.800 --> 0:12:15.200 you know, we were getting into worried about missing our 0:12:15.200 --> 0:12:18.120 plane territory, and you know, fortunately managed to rustle up 0:12:18.120 --> 0:12:22.560 another taxi from somewhere and I just like, in that 0:12:22.720 --> 0:12:26.560 sort of frantic taxi ride to the airport, I was like, okay, 0:12:26.600 --> 0:12:30.280 well that's all the relaxation from the holiday just melted 0:12:30.280 --> 0:12:33.520 away in this slight past hour and a half of 0:12:33.640 --> 0:12:36.880 pure and liquid stress. Okay, cool, this is going to 0:12:36.960 --> 0:12:39.880 cost me a lot of money in rebooking a flight, 0:12:40.320 --> 0:12:43.360 gonna get another hotel, got to kill a taxi driver 0:12:43.760 --> 0:12:47.360 and hide a body in Zandibar, And yeah, it's it's 0:12:47.559 --> 0:12:49.640 a lot of things to sort of take on board. 0:12:50.000 --> 0:12:53.400 But also when you have kids. If you have kids, 0:12:53.800 --> 0:12:57.480 it makes even worse because it's kind of like just 0:12:57.679 --> 0:13:04.640 traveling with just a ball of explosive pooh that that 0:13:04.760 --> 0:13:07.160 cries and needs to be fed and doesn't know what's 0:13:07.160 --> 0:13:09.640 going on a plane. Um, and then there's the baby 0:13:09.679 --> 0:13:18.720 as well, So you know, professional professional comedian. It's just seamless, 0:13:18.720 --> 0:13:23.120 just seamless. What has happened since we last talked? What 0:13:23.200 --> 0:13:26.480 was the last since we last podcast? That was to 0:13:26.880 --> 0:13:30.880 three weeks ago, maybe longer. I think it was about 0:13:30.880 --> 0:13:32.760 a month ago. Yeah, month ago. It was about a 0:13:32.800 --> 0:13:36.800 month ago. A lot has happened in the last month. 0:13:37.440 --> 0:13:40.160 It's been. Yeah, it's been sort of more kind of 0:13:40.440 --> 0:13:45.480 classic bear market going on. I think, well, one of 0:13:45.480 --> 0:13:47.560 the more one of the kind of more interesting things 0:13:47.559 --> 0:13:49.559 to happen, certainly in the last week or so, has 0:13:49.600 --> 0:13:53.400 been the has been this Twitter takeover. Elon Musk is 0:13:53.440 --> 0:13:59.200 now is now chief chief Twit came into Twitter headquarters 0:13:59.280 --> 0:14:04.000 with a sink yeah, And I'm not sure was that 0:14:04.080 --> 0:14:08.520 all just an elaborate pun, because he then tweeted out 0:14:08.679 --> 0:14:12.480 let that sink in. Yeah, I just bought Twitter. Let 0:14:12.520 --> 0:14:16.760 that sink in. And I remember that's a lot of 0:14:16.800 --> 0:14:23.640 effort for a poor bit of wordplay, for for a 0:14:23.680 --> 0:14:29.040 pretty cheesy pun. Yeah. I remember watching that and thinking 0:14:29.760 --> 0:14:34.000 if I was a Tesla shareholder, I would be really 0:14:34.040 --> 0:14:38.680 concerned right now on just so many levels, Like this 0:14:38.760 --> 0:14:41.720 is the man, this is the man running the company, 0:14:42.120 --> 0:14:46.200 and here he is kind of gooning around with his 0:14:46.280 --> 0:14:50.560 new company, which is clearly going to going to take 0:14:50.640 --> 0:14:53.240 up a lot of his time and energy. It's like, 0:14:53.520 --> 0:14:56.320 what about all the other companies that he's supposed to 0:14:56.360 --> 0:14:59.800 be running, Like what about the massive car maker. You 0:14:59.840 --> 0:15:04.040 know that is like a multi multibillion dollar company. Why 0:15:04.080 --> 0:15:09.000 aren't you surely that that would take up most normal 0:15:09.080 --> 0:15:13.120 human beings time. I just like, I don't really understand 0:15:13.760 --> 0:15:15.680 why he's doing it. I think it's kind of cool 0:15:15.760 --> 0:15:17.880 in a lot of ways that he's doing it, but 0:15:18.160 --> 0:15:20.760 or that he's done it. I mean, it's it's just 0:15:21.080 --> 0:15:23.880 to me why he's doing it. You know, like you've 0:15:23.920 --> 0:15:26.520 got to have some sort of like look at all 0:15:26.520 --> 0:15:29.080 the big players in that he's the richest man in 0:15:29.080 --> 0:15:36.040 the world. And if you've got the like a media mouthpiece, 0:15:36.480 --> 0:15:38.920 if you are a Rupert Murdoch and you own half 0:15:38.920 --> 0:15:42.560 of the newsplapers and and sort of TV channels, then 0:15:42.640 --> 0:15:46.520 you've you've got a lot of power and ability to 0:15:46.640 --> 0:15:54.720 sway people's perspectives and positions. Now, if you are a billionaire, 0:15:54.840 --> 0:15:58.320 richest man in the world. Um, that is something that 0:15:58.720 --> 0:16:00.760 and the world is has become mean, you know, there's 0:16:00.760 --> 0:16:04.080 a great sort of disparity between the richest and the poorest, 0:16:04.400 --> 0:16:06.520 and you need to keep your pr up so that 0:16:06.560 --> 0:16:09.240 the peasants don't revolved and eat you. It's it's in 0:16:09.320 --> 0:16:12.359 your favor, it's in your interest to have a mouthpiece 0:16:12.360 --> 0:16:16.520 that you can manipulate. And and you know, coerce what 0:16:16.680 --> 0:16:18.600 is being said. I know he's saying it's all for 0:16:18.800 --> 0:16:21.280 free speech and all of that, which may be true. 0:16:21.320 --> 0:16:24.040 I'd love for that to be true. But maybe the 0:16:24.080 --> 0:16:28.520 billionaires got alteriat ulterior motives. I don't know, ask asked 0:16:28.560 --> 0:16:32.800 Mark Zuckerbook what what his motives are by changing his 0:16:32.840 --> 0:16:35.560 company named to Meta is it? Is it? You know, 0:16:35.680 --> 0:16:37.880 is that a big land grab and making sure that 0:16:38.000 --> 0:16:42.880 matter is associated or the Meta versus said with the 0:16:42.920 --> 0:16:46.200 old Facebook or I don't know. I mean, it's it's 0:16:46.240 --> 0:16:49.160 it's all. I don't take anything at face value. But 0:16:49.360 --> 0:16:52.480 also I do quite like Eaton because he is a 0:16:52.480 --> 0:16:55.080 bit of a rogue. But then also he's a bit 0:16:55.120 --> 0:17:00.640 of a rogue, so I don't like him. It's very much. Yeah, 0:17:00.720 --> 0:17:03.160 I I find My opinion of him sort of very 0:17:03.240 --> 0:17:06.360 much varies depending on my mood. Like if you wake 0:17:06.400 --> 0:17:07.720 up and you're in a bad mood, you just like 0:17:08.600 --> 0:17:11.920 Elon Musk again, please can we just stop? And then 0:17:12.040 --> 0:17:14.639 other times it's like, wow, this guy is you know, 0:17:14.800 --> 0:17:17.800 this guy is crazy, but you know he's making stuff, 0:17:18.160 --> 0:17:20.520 He's making stuff happen like that. There really is never 0:17:20.640 --> 0:17:25.359 a dull moment when he's around. But yeah, I'm just 0:17:25.440 --> 0:17:30.080 like I just kind of feel like you just just 0:17:30.080 --> 0:17:33.520 just stick to the five companies you already run, like, 0:17:34.040 --> 0:17:36.240 you know, because obviously he's got Tesla, He's also got 0:17:36.280 --> 0:17:43.359 the SpaceX. He's also Stylink, Neuralalink, the boring company, you know, 0:17:43.520 --> 0:17:46.760 and now Twitter as well. It's just like, I just 0:17:46.800 --> 0:17:51.320 wonder how many Elon Musks there are, Like has he 0:17:51.400 --> 0:17:54.560 has he cloned himself? Because it's quite it's quite possible 0:17:54.600 --> 0:17:56.760 he owns a cloning company as well and has just 0:17:56.800 --> 0:18:01.080 cloned himself several times, And you know that would be 0:18:01.600 --> 0:18:04.320 would that even surprise you if that came out? I 0:18:04.320 --> 0:18:06.840 don't think it would. I don't think it would mean No. 0:18:06.920 --> 0:18:10.119 I mean, he it's it's a weird, weird, weird, weird 0:18:10.200 --> 0:18:17.719 family isn't it. And he's like he named his child 0:18:18.640 --> 0:18:24.600 an equation, His baby mama is Grimes. It's it's we 0:18:24.680 --> 0:18:29.320 are living in a simulation because it is the only 0:18:29.320 --> 0:18:33.840 way that any of this can really be happening. It's 0:18:33.880 --> 0:18:36.959 so bizarre. It makes less and less sense the more 0:18:37.040 --> 0:18:39.080 you read about it, isn't it? Well, you say his 0:18:39.480 --> 0:18:41.440 Grimes is a baby mama. I mean, I think he's 0:18:41.440 --> 0:18:44.720 got several because he's like, he's really worried about population declines, 0:18:44.800 --> 0:18:47.800 so he's literally taking it upon himself to try and 0:18:48.000 --> 0:18:54.639 singlehandedly reverse that. Him and Boris which yeah, him and 0:18:54.680 --> 0:18:57.920 Boris Johnson are between them trying to repopulate the earth, 0:18:58.520 --> 0:19:01.040 which I mean, you've got to, You've gotta hand it 0:19:01.040 --> 0:19:03.200 to them. But I mean that that that itself is 0:19:03.240 --> 0:19:04.840 going to take up a lot of time. I just 0:19:05.000 --> 0:19:07.960 I just don't know how he has. I don't know, 0:19:08.000 --> 0:19:09.840 when you become a billionaire, do you just get an 0:19:09.880 --> 0:19:14.320 extra few hours in the day. So I don't know, 0:19:14.560 --> 0:19:19.080 I'm not sure, but but you know, maybe we should 0:19:19.080 --> 0:19:22.240 reach out to him and ask if if if he 0:19:22.480 --> 0:19:25.560 would lend me some money or come on one of 0:19:25.600 --> 0:19:30.680 the two. I think it'd be interesting. So what this, uh, this, 0:19:30.840 --> 0:19:33.760 I suppose we should probably talk about the topic that 0:19:33.800 --> 0:19:39.560 this part is. It's about I think that could be 0:19:39.640 --> 0:19:45.680 a good idea. Um, And we've touched the net because 0:19:46.119 --> 0:19:49.679 I sort of just jumped and skipped ahead because I 0:19:49.720 --> 0:19:52.800 have a d h D. But I'm going to let 0:19:52.880 --> 0:19:55.119 you talk about this because you're going to explain it 0:19:55.160 --> 0:19:57.439 and probably a little bit more of a clear linear 0:19:57.480 --> 0:20:00.800 way rather than me just blurting out things that have 0:20:00.920 --> 0:20:05.800 happened to me in my life. But it's very entertaining, Mike. 0:20:05.920 --> 0:20:07.359 I mean, you know, if you want to if you 0:20:07.359 --> 0:20:11.600 want to pepper pepper Today's Conversation with sort of anecdotes 0:20:11.640 --> 0:20:14.760 from your life, then feel free and I'll just make 0:20:14.800 --> 0:20:18.000 sure that they get removed in the editor. They always do. 0:20:21.040 --> 0:20:25.000 Normally we submit about about sort of four to five 0:20:25.080 --> 0:20:28.000 hours of material to our editor, which he then manages 0:20:28.040 --> 0:20:31.359 to cut down into an hour and a half. But yeah, 0:20:31.400 --> 0:20:34.480 mostly it's just Mike rambling away about things that have 0:20:34.840 --> 0:20:38.080 happened to him, people that have people that have wronged him, 0:20:40.119 --> 0:20:44.680 budges that he holds all. Here's another list of all 0:20:44.720 --> 0:20:51.520 the people. So, yeah, I thought we'd talked about move 0:20:51.600 --> 0:20:54.679 to earn, which is a kind of growing category of 0:20:54.720 --> 0:21:00.840 crypto projects that looked to basically reward users for moving, 0:21:01.200 --> 0:21:06.920 hence the name basically, and I guess before we get 0:21:07.160 --> 0:21:10.280 to before we get too into the details of it, 0:21:10.280 --> 0:21:14.520 it's probably best to frame this particular niche in the 0:21:14.600 --> 0:21:20.120 kind of context of Web three. Okay, because we've talked 0:21:20.119 --> 0:21:24.520 about Web three a bit before, haven't we, And you 0:21:24.840 --> 0:21:27.720 might remember that I sort of framed it as basically 0:21:27.800 --> 0:21:30.600 Web one, which was the kind of early days of 0:21:30.600 --> 0:21:35.240 the web being basically read only. So people people would 0:21:35.240 --> 0:21:38.960 put up websites and other people would look at them 0:21:39.000 --> 0:21:41.400 and that was that was about it, and people would 0:21:41.400 --> 0:21:44.560 send each other emails, and you know, a picture would 0:21:44.560 --> 0:21:46.879 take half an hour to load, all this sort of stuff. 0:21:48.160 --> 0:21:51.639 Then Web two came along and kind of changed the 0:21:51.680 --> 0:21:55.240 game completely, and that became sort of Web two was 0:21:55.320 --> 0:21:59.119 more kind of read right, So not only was their 0:21:59.320 --> 0:22:02.920 loads you loads more content to look at, but us, 0:22:02.920 --> 0:22:06.040 the users were also creating that content to a very 0:22:06.119 --> 0:22:08.640 large extent. So and this was the This was when 0:22:09.119 --> 0:22:13.240 platforms like Facebook obviously kind of sprung up and really 0:22:13.280 --> 0:22:18.320 became the kind of behemoths that they are today and 0:22:19.080 --> 0:22:23.399 basically made made money off us because we you know, 0:22:23.480 --> 0:22:26.879 we shared, if you like, we uploaded all this information 0:22:26.920 --> 0:22:31.480 about ourselves, and then Facebook and others found ways of 0:22:31.520 --> 0:22:35.680 taking that data and selling it, selling it to advertisers 0:22:35.760 --> 0:22:39.040 and making money off it. And this has been kind 0:22:39.040 --> 0:22:43.200 of very much the story of of Web two, if 0:22:43.200 --> 0:22:47.280 you like. So Web three has now come along and 0:22:47.320 --> 0:22:49.520 this is this is something that gets talked about a lot, 0:22:49.800 --> 0:22:52.560 and I guess the simplest way of putting it, or 0:22:52.600 --> 0:22:57.320 thinking about it perhaps is Web three is read, write, earn. 0:22:58.600 --> 0:23:01.960 So the ethos, if you like, what it's trying to 0:23:02.040 --> 0:23:05.040 achieve is basically to kind of take some of that 0:23:05.240 --> 0:23:08.439 power back away from the big companies that made, you know, 0:23:08.440 --> 0:23:11.600 that made web too what it was, and give it 0:23:11.640 --> 0:23:15.880 back to users. And crypto obviously plays a big part 0:23:15.880 --> 0:23:18.600 in that. Because users of Web three, you know, they're 0:23:18.680 --> 0:23:22.600 using crypto. They're able to exchange value over the Internet 0:23:22.680 --> 0:23:24.480 with each other peer to peer. You know, they don't 0:23:24.520 --> 0:23:27.360 need an intermediary like a bank or a payment process 0:23:27.440 --> 0:23:29.560 or or you know, a social media platform or anything 0:23:29.600 --> 0:23:33.959 like that. You know, so Web three is, you know, 0:23:34.040 --> 0:23:37.280 it is very much this idea that people that people 0:23:37.320 --> 0:23:41.400 are kind of taking taking making getting more from their 0:23:41.440 --> 0:23:44.760 time on the web and not necessarily just kind of 0:23:45.119 --> 0:23:49.920