WEBVTT - Cliff Notes: THE FUTURE OF CRYPTO & NFTs With 19 KEYS

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<v Speaker 2>Oh, let me ask you about crypto. You know you're

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<v Speaker 2>a crypto enthusiast, and the crypto market has been down

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<v Speaker 2>just like the stock market has been down. So a

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<v Speaker 2>lot of people you know have lost money in crypto

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<v Speaker 2>this year. They have a lot of people are nervous

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<v Speaker 2>a lot of people. You know, it's a lot of issues,

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<v Speaker 2>security issues. What's your current thoughts on the state of crypto?

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<v Speaker 3>Oh man, that's a heavy one because I think that

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<v Speaker 3>crypto will benefit from clear regulation once it come in, right.

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<v Speaker 3>I think that a lot of the crypto space, a

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<v Speaker 3>lot of the blockchain space, right is right now in limbo.

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<v Speaker 3>The reason I say clear regulation is because you can't

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<v Speaker 3>really build without fear of knowing whether when you build

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<v Speaker 3>something successful is going to be attack layer by the

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<v Speaker 3>sec because you didn't know that you broke a rule

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<v Speaker 3>that doesn't exist yet.

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<v Speaker 1>Right.

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<v Speaker 3>So, companies I believe that are fearful of putting too

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<v Speaker 3>much money in this space.

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<v Speaker 4>And a lot of companies got cash reserves that.

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<v Speaker 3>Are sitting on the side right now that they have

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<v Speaker 3>probably loved to employ with some of these ideas, right

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<v Speaker 3>to get them some exposure in some of these companies, but.

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<v Speaker 4>They don't want to later have that money tied up

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<v Speaker 4>into a legal battle. Right. So I think that clear

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<v Speaker 4>regulation will allow.

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<v Speaker 3>People to easily communicate like, Yo, this is an asset class.

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<v Speaker 4>If you invest in this.

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<v Speaker 3>Maybe five to ten years you'll be solid to hold.

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<v Speaker 3>But there's so many security concerns and legal concerns that

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<v Speaker 3>a person can't assuage your person away because nobody knows

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<v Speaker 3>what the rules are completely right, and I think that

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<v Speaker 3>these rules are not going to be beneficial to the

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<v Speaker 3>crypto space. But I'm saying that as far as clarity

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<v Speaker 3>on knowing where I can invest in, what I can build,

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<v Speaker 3>what I can do.

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<v Speaker 4>You can't go one.

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<v Speaker 3>Hundred miles per hour until you know the speed limit. Like,

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<v Speaker 3>if they say it's one hundred miles per hour, I

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<v Speaker 3>can go. They say it's sixty, Okay, we're gonna put

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<v Speaker 3>this on sixty. But you can't just hop in a

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<v Speaker 3>car and just put your pedal to the metal and

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<v Speaker 3>just go crazy.

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<v Speaker 4>You feel me. So I think that crypto has a

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<v Speaker 4>long battle ahead of it.

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<v Speaker 3>I think that we can see crypto going, you know,

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<v Speaker 3>much lower right before.

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<v Speaker 5>You think, man, come on, let's spice it up.

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<v Speaker 4>Might clip this up?

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<v Speaker 3>Listen, so going I can see bigcoin going to eight,

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<v Speaker 3>then it's possibly going to three. You understand me. Those

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<v Speaker 3>are the two. Those are the two from what I say.

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<v Speaker 3>You know, it's funny because I'm not a I'm not

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<v Speaker 3>a truck guy. But when I started looking at charts,

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<v Speaker 3>recently and I was looking at it. I said, Okay,

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<v Speaker 3>I see this this, nigga, it's not why you're here.

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<v Speaker 3>I see what brother Ed been seeing. Man, I see

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<v Speaker 3>what you've been seeing. Because it is a very real possibility.

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<v Speaker 3>At the same time, I don't think this is a

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<v Speaker 3>market to be afraid of. I think this is the

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<v Speaker 3>market to investment, right. I think that if you were

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<v Speaker 3>to have fear, it should be at when bigcoin is

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<v Speaker 3>at sixty six now, when Big one is at nineteen

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<v Speaker 3>that one Big One is at eight now one bigcoin.

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<v Speaker 4>Is at three k. That's when you go all in,

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<v Speaker 4>you triple you double down. Lets get to eight where

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<v Speaker 4>I'm piling heavy. Eight is my sweet spot.

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<v Speaker 3>If you get to three, then I want to sell

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<v Speaker 3>everything I can in to buy it.

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<v Speaker 4>You know.

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<v Speaker 3>That's that's it, like the rolexes, the gold, everything gotta go.

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<v Speaker 4>Yeah, we officially called that load in the boat. Yeah,

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<v Speaker 4>that's a super load right there. But eight is a

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<v Speaker 4>very gray sweet spot.

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<v Speaker 5>Nineteen Keys predicts Bigcoin will go to eight thousand.

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<v Speaker 4>That's the headline. Might put this up.

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<v Speaker 3>It's a little crazy eight Hollywood lot gonna be on

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<v Speaker 3>in the comments. Take though, is will rippling now right Ripple,

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<v Speaker 3>You know, you can't tell nothing happened until because right

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<v Speaker 3>now it's in the body rumor phase. Right, So Ripple

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<v Speaker 3>is up almost eighty percent, you know, and within this

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<v Speaker 3>from the third quarter, I think it's they said well

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<v Speaker 3>like forty eight. Right now, it had went down to

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<v Speaker 3>around like thirty three, thirty one, it had went up

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<v Speaker 3>to around fifty six.

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<v Speaker 4>So a lot of people have been making money on

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<v Speaker 4>Ripple right XRP.

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<v Speaker 3>And right now their legal situation is at this point

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<v Speaker 3>where both sides have talked to the judge and say

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<v Speaker 3>that we need the fund review of the case, you understand,

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<v Speaker 3>I mean they said that it should be enough information

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<v Speaker 3>on both sides that you should be able to come

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<v Speaker 3>to a settlement on whatever it's gonna be. So the

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<v Speaker 3>Ripple community is seeing that as a possible win. And

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<v Speaker 3>I'm seeing Ripple actually expand right now during these times

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<v Speaker 3>to build more confidence into that coin.

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<v Speaker 4>So if Ripple was.

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<v Speaker 3>To win, Ripple rips away and Ripple can take over

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<v Speaker 3>certain market caps because even during this legal battle, the

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<v Speaker 3>court of Ripple has remained stronger than ever. I mean,

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<v Speaker 3>we're seeing it strong during recession, doing real economic plights,

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<v Speaker 3>doing inflation during crypto winner ripple actually makes no sense.

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<v Speaker 4>What's the weapon? Now? If they lose the case, you

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<v Speaker 4>see Ripple going down to a penny.

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<v Speaker 3>But if they wine, Ripple gets disrespectful to the market.

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<v Speaker 4>It's going to be it's going to be a joyous

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<v Speaker 4>occasion if they win precedents.

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<v Speaker 5>Yeah, when you was talking about Bitcoin, I started thinking

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<v Speaker 5>about is the same presidents set for nft ease because.

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<v Speaker 5>Financial Service Group, Inc. P and C Bank National Association

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<v Speaker 5>Member FDIC. I'm thinking at a point now, I think

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<v Speaker 5>that the sales are down by ninety plus percent or

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<v Speaker 5>something like that. Is this the time if in that

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<v Speaker 5>space should we be getting super creative. We've seen the influx,

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<v Speaker 5>we've seen it be oversaturated. Obviously, a scale down now

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<v Speaker 5>is just the point where we should be creative and

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<v Speaker 5>seeing where we can put utility cases in for the future.

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<v Speaker 4>What's your thoughts on NFTs? Great question, y'all. Remember when

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<v Speaker 4>we first talked about it.

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<v Speaker 3>Absolutely, I've told people I don't care about the market.

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<v Speaker 3>It's about the creative use case of it, right, because

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<v Speaker 3>the technology is the value.

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<v Speaker 4>This is what everybody was getting wrong with. Everybody was

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<v Speaker 4>looking at trading value.

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<v Speaker 3>NFTs were never supposed to be a commodity that was

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<v Speaker 3>about trading, right.

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<v Speaker 4>It popped up because of the art use that people

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<v Speaker 4>was able to find it, and everybody's seeing people make money.

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<v Speaker 3>So of course, man, if there's money to be made,

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<v Speaker 3>people go jump into it.

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<v Speaker 4>But nft were never made to be traded.

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<v Speaker 3>Commodities that go up to seventy thousand, one hundred thousand,

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<v Speaker 3>right for no reason whatsoever.

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<v Speaker 4>Right. It was more so about these are now ways

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<v Speaker 4>to create real.

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<v Speaker 3>Digital assets that can be linked to value, right, that

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<v Speaker 3>people can own the parts of the Internet. So what

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<v Speaker 3>we see now in the market is a slow roll

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<v Speaker 3>out of the value market of NFTs, which is much

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<v Speaker 3>better for the space. If eighty percent of businesses failed,

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<v Speaker 3>while wouldn't god damn ninety percent of a completely new, unregulated,

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<v Speaker 3>no value.

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<v Speaker 4>Having new businesses Because that's what I.

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<v Speaker 5>Looked at the mask he said they had no value.

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<v Speaker 3>But now the projects, if a project literally has no value,

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<v Speaker 3>there's no value.

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<v Speaker 4>Right.

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<v Speaker 3>If they say just buy this because it's an NFT,

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<v Speaker 3>that's a no value project.

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<v Speaker 4>If they say.

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<v Speaker 3>Buy this because you are getting an access pass by

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<v Speaker 3>this because it's linked to buying a house. If they

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<v Speaker 3>say buying this because you know this is a ticket

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<v Speaker 3>to market. Mondays, that's the actual value of the business.

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<v Speaker 3>What's the value proposition? And most people needn't look at

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<v Speaker 3>what is the value proposition of this digital idea that

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<v Speaker 3>I buy? Right, So that's like me creating a storefront

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<v Speaker 3>on Shopify and all I have is pictures. Right, You're

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<v Speaker 3>gonna buy it and all you get is a receipt,

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<v Speaker 3>there's nothing else.

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<v Speaker 4>That's the end of the transaction. Right. Nobody's want to

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<v Speaker 4>buy that.

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<v Speaker 3>They want a product, they want a service, they want

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<v Speaker 3>some sort of access that come along with us. So

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<v Speaker 3>I think this is actually the best time. But I

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<v Speaker 3>think this is my advice to people. Don't call it

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<v Speaker 3>an NFT. That's do not call it an NFT. The

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<v Speaker 3>best thing you can do to increase to sell NFTs

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<v Speaker 3>is do not call it an NFT. And right now,

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<v Speaker 3>I say, listen, I don't do personal consultations. But I

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<v Speaker 3>said that I'm gonna bring it back at some.

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<v Speaker 4>Point in time, right limit it.

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<v Speaker 3>So there's a long list of people that want to

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<v Speaker 3>get private consultations. Well, if I say, well, you know,

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<v Speaker 3>I got this ecosystem where if you get one point,

0:10:51.520 --> 0:10:54.679
<v Speaker 3>you know you can get a fifteen minute consultation. If

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<v Speaker 3>you have two points, you can get an in person consultation. Now,

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<v Speaker 3>the way that you get those points you have to

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<v Speaker 3>go to them all way site, and certain items that

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<v Speaker 3>you buy come along with points that you can you

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<v Speaker 3>can get up to. Right, let's say one hundred points.

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<v Speaker 3>So you buy this item, right, this digital asset, and

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<v Speaker 3>this one that you're holding on while it comes with

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<v Speaker 3>fifty points, the other one comes with twenty five points.

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<v Speaker 4>The other one comes with another twenty five points.

0:11:17.160 --> 0:11:19.720
<v Speaker 3>So now people are buying these points because they want

0:11:19.720 --> 0:11:22.679
<v Speaker 3>to get the unlockable, which is the ability to get

0:11:22.720 --> 0:11:27.160
<v Speaker 3>this consort. If I say buy NFT, the emotions right

0:11:27.440 --> 0:11:30.120
<v Speaker 3>and a connotation, and all of the news attached to

0:11:30.120 --> 0:11:35.000
<v Speaker 3>an NFT is based upon this trading value board, the yacht, all.

0:11:34.800 --> 0:11:35.680
<v Speaker 4>Of these different things.

0:11:35.679 --> 0:11:37.880
<v Speaker 3>But if I say the point, it's just a product

0:11:38.840 --> 0:11:42.600
<v Speaker 3>access to a service, right, And I'm utilizing non fungible

0:11:42.640 --> 0:11:45.160
<v Speaker 3>tokens because it's the best way to track right when

0:11:45.200 --> 0:11:48.200
<v Speaker 3>I'm doing or SBTS, which is so ball tokens which

0:11:48.200 --> 0:11:51.560
<v Speaker 3>people started rolling out right if they want lifetim membership

0:11:51.559 --> 0:11:53.440
<v Speaker 3>where they can't trade it a movement which I think

0:11:53.480 --> 0:11:56.600
<v Speaker 3>is completely better than NFTs. It's getting directly to what

0:11:56.720 --> 0:11:59.440
<v Speaker 3>is the value. So now you assess this thing from

0:11:59.520 --> 0:12:03.000
<v Speaker 3>value rather than FuG. Right, the fear of missing out

0:12:03.400 --> 0:12:05.520
<v Speaker 3>not FuG but that't fear a certainty doubt, but their

0:12:05.559 --> 0:12:06.360
<v Speaker 3>fomo rather.

0:12:06.760 --> 0:12:09.720
<v Speaker 4>So I think that by calling it same thing with Larrussell.

0:12:09.760 --> 0:12:12.920
<v Speaker 3>You seen Larussell, right, they got a platform where they

0:12:12.960 --> 0:12:16.040
<v Speaker 3>were selling music. So let's say that music that he

0:12:16.160 --> 0:12:18.880
<v Speaker 3>sold is an NFT. He don't have to ever say NFT,

0:12:19.040 --> 0:12:22.560
<v Speaker 3>you're buying my music. Most people are looking at the technology.

0:12:22.600 --> 0:12:25.800
<v Speaker 3>The demonize the technology because the brand of it is

0:12:25.840 --> 0:12:30.319
<v Speaker 3>being misused. But the technology is still as valuable as ever,

0:12:30.960 --> 0:12:33.960
<v Speaker 3>so I think don't call it the NFT, and I

0:12:34.000 --> 0:12:35.640
<v Speaker 3>think that the industry grows.

0:12:37.679 --> 0:12:42.880
<v Speaker 2>My graduates from my school being forced back drop drop

0:12:43.520 --> 0:12:45.160
<v Speaker 2>Mike Dropp