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Speaker 1: I think, like beholding strategy is if I have an

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Speaker 1: n f T that gets me access to all of

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Speaker 1: Lebron's practices for the rest of his career, and after

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Speaker 1: seven of those practices, I'm like, oh that was fun. Okay,

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Speaker 1: I don't have Sundays free anymore. Let me go ahead

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Speaker 1: and sell this like the use it's clear, it's clear.

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Speaker 1: It's not like how long should I hold my board ape?

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Speaker 1: Have I missed the top? Um? Someone made me an offer.

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Speaker 1: I need liquidity, Like all of these other decisions that

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Speaker 1: you make, um that you can get caught up in

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Speaker 1: in in terms of like the strategy of buying those

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Speaker 1: particular assets, I think that can you actually use what

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Speaker 1: it is that you're buying into. If you can use it,

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Speaker 1: then your gut, your instinct will tell you when it

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Speaker 1: doesn't have a use for you anymore. If you go

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Speaker 1: into this investment without that sort of gut clarity, then

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Speaker 1: it's I don't think it's gonna appear halfway through beholding it.

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Speaker 1: I'm Will Lucas and Mrs Black Tech Cream Money. I'm

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Speaker 1: gonna introduce you to some of the biggest names, some

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Speaker 1: of the brightest minds and brilliant ideas I feel black

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Speaker 1: and building but simply using tech to secure your bag.

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Speaker 1: This podcast is for you, Ashley kines Is self Talk,

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Speaker 1: crypto trader, Web free Point enthusiasts, and you surpassion for

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Speaker 1: educating and mentory and black women about crypto blockchain technology

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Speaker 1: and the value of dolls to leave blackties, presents and

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Speaker 1: projects in the crypto space. We've had a lot of

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Speaker 1: conversations on this podcast about n m t s, the

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Speaker 1: blockchain and more. So I asked asked you to give

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Speaker 1: us a one oh one of how DOWS decentralized autonomous

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Speaker 1: organizations work and what they may mean for how we

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Speaker 1: govern ourselves in the future. Sure, so, just to break

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Speaker 1: down the acronym itself. So it stands for decentralized autonomous organization. Right,

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Speaker 1: So if we take the decentralized part, that part UM

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Speaker 1: boils down to votes. In most cases UM there are

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Speaker 1: widgets or builded INDs that are put into either the telegram,

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Speaker 1: the discord wherever the community gathers UM and large decisions

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Speaker 1: are made by vote, and so that's the decentralized part

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Speaker 1: of it. There is typically a governance team who oversees

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Speaker 1: the decisions that go to aboute what decisions are we

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Speaker 1: voting on who sort of determines the north star and

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Speaker 1: sets the vision, but the implementation UM and the buy

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Speaker 1: in for that vision is done in a decentralized way.

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Speaker 1: So that's the first word autonomous UM means. And this

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Speaker 1: comes up when I think about like potentially having an

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Speaker 1: Afro tech dow UM or doubts that are linked to

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Speaker 1: larger corporations or other entities, like they are doubts by

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Speaker 1: definition are intended to be autonomous and to be UM

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Speaker 1: free of any sort of larger agenda than the one

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Speaker 1: that is set forth by the governing body and the

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Speaker 1: voting people that fill out the deep part of that acronym, right,

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Speaker 1: the decentralized part. And then the last word organization, So like,

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Speaker 1: how do you organize? What are you organized around? UM?

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Speaker 1: What's the goal? Where do you meet? Whether it's telegram,

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Speaker 1: whether it's discord, however you all come together. I'm in

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Speaker 1: a basketball down. Once a month we UM get together.

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Speaker 1: I don't play basketball, but I cheerly from the sideline.

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Speaker 1: But once a month we get together in person UM.

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Speaker 1: And there's this aspect that takes it offline, so it

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Speaker 1: is still very human. So yeah, I mean that to me,

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Speaker 1: at its simplest form, is really what a doubt is.

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Speaker 1: It doesn't work the same when you try to break

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Speaker 1: down like an f T and that acronym, I think

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Speaker 1: it confuses people more. But DOW does the job of

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Speaker 1: like really explaining what it is in the name. How

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Speaker 1: do you imagine, you know, reasonably, within our lifetimes dows

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Speaker 1: having the most significant impact on how we live or work.

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Speaker 1: I think that UM the collective power, the collective financial power,

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Speaker 1: So you don't necessarily need a coin to have a doubt.

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Speaker 1: Not all dolls have their own treasury and coins that

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Speaker 1: they launch, but many do UM, and when they do,

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Speaker 1: it's that pulled financial power that I see being the

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Speaker 1: greatest instrument going forward. Um, there are real estate hows

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Speaker 1: there's a down now and to like buy football teams,

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Speaker 1: basketball teams. Um, there's one to buy the constitution. So

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Speaker 1: I think, UM, even n f T s, board apes,

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Speaker 1: things that people couldn't buy as individuals but can now

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Speaker 1: sort of own and buy into as a collective. I

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Speaker 1: think that's really their greatest power moving forward. So how

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Speaker 1: much of this has to do with how much of

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Speaker 1: a particular coin or vote I earned, how in most cases,

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Speaker 1: would you say that dows are you know somebody has

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Speaker 1: a vote via the toke and that they own in

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Speaker 1: the dow. I can't speak to most cases, um, but

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Speaker 1: I will say in my own experience there hasn't been

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Speaker 1: a weighted vote where your vote is a proportion to

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Speaker 1: your ownership. I think, Um, the ethos of dows and

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Speaker 1: just Web three in general is less about how much

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Speaker 1: you own the money that you put up necessarily and

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Speaker 1: how much you're actively giving to the community. So you

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Speaker 1: could be in a DOW and see that there are

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Speaker 1: a hundred members and you see the same fifteen twenty

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Speaker 1: people speaking up in the chat, and then within that

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Speaker 1: group of twenty people there are five people who are

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Speaker 1: organizing in person events or doing some other aspect. There

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Speaker 1: are definitely levels to contribution, and so um, those benefits

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Speaker 1: are given to the people who contribute the most, not

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Speaker 1: necessarily to the people who have bought in at the

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Speaker 1: highest price. Point is so where I earn whatever that

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Speaker 1: participatory reward is, how does that get created in the dows?

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Speaker 1: So what am I earning? That? Says Okay, Will lucas

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Speaker 1: we can see, is contributing more. Therefore he is you

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Speaker 1: know has a higher profile in this in this organization. Sure,

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Speaker 1: so I think that is a back door conversation into

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Speaker 1: dows becoming sort of the workforce of the future, because

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Speaker 1: right now I'm working on within my DOW, UM, we're

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Speaker 1: working on badges and missions, much like video games, where

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Speaker 1: like sharing on social media, UM is a particular mission

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Speaker 1: for which you own a badge, and badges come with

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Speaker 1: a value of coin, like if you earn the SO

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Speaker 1: and so badge, you get one thousand of our coin

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Speaker 1: or you get ten more of our coins. So there's

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Speaker 1: a literal incentivization of if you do X, Y, and

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Speaker 1: c on behalf of the community, the communities treasury rewards

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Speaker 1: you with more coins. UM. I'm not sure that that

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Speaker 1: is how every doubt is structured, but it's definitely a

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Speaker 1: model that's becoming popular because these are still organizations in

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Speaker 1: the sense that like even nonprofit too, they have people

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Speaker 1: that actually run it and they do the work um,

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Speaker 1: even though they're working on behalf of other people. And

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Speaker 1: I was gonna ask you about nonprofitsy, We'll talk more

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Speaker 1: about that in a second, so let's put a bookmark there.

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Speaker 1: So the ones that you talked you just mentioned you

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Speaker 1: know for those who are people who are contributing more

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Speaker 1: and then they get these badges. You know, we're very

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Speaker 1: familiar with badges, especially if you play video games. UM.

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Speaker 1: So when you get those badges and there you know

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Speaker 1: their coins in respect, what what do you what can

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Speaker 1: you apply those two Can I you know, can I

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Speaker 1: buy something offline with that coin? Like? What can I

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Speaker 1: do with my coins? It's up to the individual, um

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Speaker 1: to the question of whether or not you can buy

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Speaker 1: actual things in real life with them. Absolutely. The procedure

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Speaker 1: for that is you flip it from its coin back

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Speaker 1: into ether, back into US D C, U, S d

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Speaker 1: T or just you know money, um, cash as we

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Speaker 1: know it. However, if you believe in the organization that

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Speaker 1: you're doing all of these hours for that you're doing

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Speaker 1: all of these work, this work for you almost don't

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Speaker 1: want to cash those coins out because you're it's free money.

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Speaker 1: I mean, you might get when I get the particular badge,

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Speaker 1: that coin might be worth five dollars a coin, but

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Speaker 1: I believe by the end of the year it's going

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Speaker 1: to be worth eleven dollars a coin and I didn't

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Speaker 1: have to pay anything to get it. So, um, it

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Speaker 1: depends on your personal strategy. I think that there are

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Speaker 1: definitely two different schools of thought as communities start to

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Speaker 1: really think about whether or not they want to do this,

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Speaker 1: Because there are the people who are absolutely like, yes,

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Speaker 1: this is the future of work, and depending on how

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Speaker 1: many hours you put into this, you can make two thousand,

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Speaker 1: three thousand dollars a month working on behalf of the doubt.

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Speaker 1: And then there's another school of thought that's like, absolutely,

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Speaker 1: no one should be living off of their participation in

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Speaker 1: this doubt. This is UM as close to you, I

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Speaker 1: don't want to say non profit, but as close to

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Speaker 1: UM just fun or on behalf of the community as possible.

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Speaker 1: It's cool if you can make a few extra dollars,

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Speaker 1: but we definitely shouldn't be setting it up to that

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Speaker 1: people are doing forty hours a week of missions and

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Speaker 1: badges and coming home with a full time salary. You

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Speaker 1: mentioned something with regards to the transitioning accurrency, like you know,

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Speaker 1: exchanging it for ether or whatever. What determines the value.

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Speaker 1: Let's say, if you created a doll today, what is

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Speaker 1: determining the value of its exchange to ethere or other things? Sure,

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Speaker 1: so when a coin is first launched, UM it can be.

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Speaker 1: I say it can't, because this isn't a percent of cases.

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Speaker 1: But you mint the down mints their coin. They say

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Speaker 1: we want to mint a million of afrotep coin. Will

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Speaker 1: say um, and we're going to sell them. The initial

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Speaker 1: price will be a dollar fifty per coin. That dollar

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Speaker 1: fifty is arbitrary that was set by the original creators

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Speaker 1: of the coin and of the doubt. Then that graduates

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Speaker 1: to what's called an a MM, which stands for an

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Speaker 1: automated market maker. For example, unit swap is an a

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Speaker 1: m m UM. Once the treasury of a particular doubt

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Speaker 1: releases some of its coins to an a MM, it's

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Speaker 1: pure supply and demand that determines the value of that coin,

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Speaker 1: getting from a dollar fifty to three dollars to six

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Speaker 1: dollars to dollars. That's not something where the leadership or

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Speaker 1: governance of a particular doubt sits down and says, okay,

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Speaker 1: now it's time to take it up a notch um.

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Speaker 1: I think what does happen consciously is that they start

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Speaker 1: to notice that the demand is increasing and now it's

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Speaker 1: time to push it to an a m M so

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Speaker 1: that we can make sure we're maximizing the amount of

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Speaker 1: people that are interested in getting in the value that

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Speaker 1: people are seeing in this coin and letting it fly,

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Speaker 1: and did the open market determine what it will be worth?

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Speaker 1: But the initial amount is arbitrary and then once you

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Speaker 1: move to an a MM, it's it's people who want

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Speaker 1: to buy in that are really setting that up. Now,

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Speaker 1: when you consider the question from the state of what

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Speaker 1: makes someone believe that they want to pay seven dollars

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Speaker 1: for something that used to be worth a dollar fifty,

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Speaker 1: that can be or really any number of things. If

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Speaker 1: you see the community getting more popular, and like cloud

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Speaker 1: cloud is a big one. Um, I think to me

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Speaker 1: that's one of the magical aspects of doubs is that

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Speaker 1: you really can sort of quantify cloud in this sense

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Speaker 1: because just off of the popularity of a doubt, it's

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Speaker 1: coin can ten x in a matter of weeks or months. Um.

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Speaker 1: But it's assets are another the mission. Um. Yeah, I

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Speaker 1: mean there are a number of factors that will increase

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Speaker 1: what people believe to be the value of this community

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Speaker 1: and it's corresponding coin. But yeah, definitely a m M

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Speaker 1: S Yeah, And so what what drives the demand of

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Speaker 1: a doubt? So when when you think about Is it influencers.

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Speaker 1: Is it the same sort of marketing thing that happens

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Speaker 1: in every other you know in the digital age? Is

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Speaker 1: it just influences guideas well? Now everybody wants to be

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Speaker 1: a part of this thing, so that drives the demand

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Speaker 1: and therefore the value of those tokens. Yes and no. UM,

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Speaker 1: the utility is really what ought to be driving it

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Speaker 1: UM and some dows are made popular by their utility

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Speaker 1: by having a mission that that's clear, it's clearly defined,

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Speaker 1: people can get behind it UM. And then in other

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Speaker 1: cases it is hype and it's utility from December to

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Speaker 1: July to the next December has not changed, but people's

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Speaker 1: desire to be associated with the brand has increased. UM.

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Speaker 1: And they may have thrown one hot party in August

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Speaker 1: or something where they I mean people also UM people

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Speaker 1: being the governance of Taos, they make strategic moves that

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Speaker 1: also help increase the value of a coin in the

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Speaker 1: short term, like token gated events. UM. I remember during

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Speaker 1: art Bussle here in Miami, one of the larger Dallas

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Speaker 1: friends with benefits through a party UM and they had

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Speaker 1: Rika Badou DJ and it was just sort of like

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Speaker 1: a star studied event and it was five coins to

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Speaker 1: get in. That was sort of like the gate keeping

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Speaker 1: threshold to get into this party. And at the time

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Speaker 1: the coin was worth a hundred dollars, So it cost

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Speaker 1: five hundred dollars to get into UM this particular party,

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Speaker 1: and people wanting to go to the party took it

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Speaker 1: from seventy to ninety to hundred, and the party's over

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Speaker 1: UM and now it's probably sitting around sixty right now.

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Speaker 1: Who should be thinking about creating dolls? Like we mentioned

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Speaker 1: nonprofits UM, what types of organizations and we're going to

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Speaker 1: talk about the future were, but what types of organizations, startups,

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Speaker 1: UM collectives should be thinking about dolls? I think in

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Speaker 1: some sense everyone should be thinking about organizing around UM

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Speaker 1: a mission that they believe in and they think that

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Speaker 1: will attract other people to organize around. But I am

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Speaker 1: being vague and entering that because I read a tweet

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Speaker 1: the other day that I've found really true, which is

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Speaker 1: just sort of like, it's more lucrative to hold a

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Speaker 1: portion of a treasury of a new doubt than it

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Speaker 1: is to be a member of a pre existing taw

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Speaker 1: So if you're making a money play, if you're trying

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Speaker 1: to not necessarily get rich quick, but you want to

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Speaker 1: be a whale of a particular coin or a cumula

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Speaker 1: reap the benefit of those coins going ten x or

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Speaker 1: five x or whatever they're doing. You're not necessarily going

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Speaker 1: to put all of your time and energy into someone

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Speaker 1: else's now that may have the exact same mission is you.

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Speaker 1: It's more lucrative for you to go start your own.

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Speaker 1: And I think that that's really a kink to be

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Speaker 1: worked out in this entire process and why it's part

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Speaker 1: of the ethos that people shouldn't like be making money

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Speaker 1: he plays in the space in general, because when you

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Speaker 1: just keep it purely at organizing around a mission that

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Speaker 1: we all believe in and collectively feel like we can

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Speaker 1: get there faster, better, stronger together than everyone should think

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Speaker 1: with consider a doubt, whether or not they're considering starting

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Speaker 1: a doubt. If that makes sense. How do you think

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Speaker 1: about how the Internet of things may impact our dial participation,

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Speaker 1: our punishment or reward in a dial um? Will our

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Speaker 1: devices betray us? So if I think about if car insurance,

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Speaker 1: you know, the rate I get it may depend on

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Speaker 1: how fast I go, being you know, determined by some

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Speaker 1: by or system in my vehicle telling the insurance company. UM,

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Speaker 1: how will the endet of things impact our relationship with

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Speaker 1: organizations that we may deal with. I think that in

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Speaker 1: general UM society is moving in a direction of, in

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Speaker 1: my opinion, overly quantifying UM any number of things, like

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Speaker 1: from wearing fitbits to sleep until you have many minutes

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Speaker 1: you slept well or got deep sleep or whatever. And

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Speaker 1: so I think that DOWS can also either be helped

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Speaker 1: or fall prey to this over quantifying of contribution, over

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Speaker 1: valuing the people who spoke up five times in a

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Speaker 1: day even though absolutely nothing that they had to add

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Speaker 1: to the conversation was substantive or move the conversation forward,

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Speaker 1: but the contribution itself was greater than UM in quantity

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Speaker 1: than someone else's one really really thought provoking statement this month,

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Speaker 1: and then you know, they dipped out, they had other

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Speaker 1: stuff to do. So I don't think that the system

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Speaker 1: of reward UM, whether it's reward and coin or rewarded

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Speaker 1: with a leadership position or UM, whatever you see, your

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Speaker 1: personal reward is for having gotten into this DOW. I

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Speaker 1: don't think that UM. I think the Internet of things,

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Speaker 1: as you say, will sort of push that towards a

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Speaker 1: system where we need to really be mindful of our

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Speaker 1: individual north stars in the space, like what are we

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Speaker 1: here to accomplish? And what um what this success mean

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Speaker 1: to the individual and to the organization too, that we're

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Speaker 1: not just a statueet of this many members, this many

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Speaker 1: people did this, We have this many hours of contribution,

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Speaker 1: this many people durining the conversation seventy of blah blah blah,

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Speaker 1: And it's like, but what do you do? What impact

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Speaker 1: do you have? I love that it's a great segue

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Speaker 1: into this this question because I was thinking about conversation

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Speaker 1: I have on this podcast about n f t s

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Speaker 1: and why which this is a strategy I've adjusted in

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Speaker 1: this speaks to what you just said. I did not

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Speaker 1: believe personally in investing in centralized editable metadata n f

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Speaker 1: t s where it may be stored on somebody's a

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Speaker 1: WS somewhere, so that it was not on the blockchain,

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Speaker 1: not on I p f S. And I sort of

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Speaker 1: had to readjust my thinking because if I'm preaching, you know,

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Speaker 1: get to know the engineering team building it, get to

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Speaker 1: know the founders, get to know the organization. Maybe it

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Speaker 1: doesn't have to last forever, but does it have to

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Speaker 1: last forever? Right? And so I wanted to get your

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Speaker 1: idea on, you know, thinking about these things centralized versus decentralized,

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Speaker 1: particularly around n f t s, and what are your

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Speaker 1: thoughts on holding strategy with me saying that, So, I

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Speaker 1: was what I'll call late to n f t s

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Speaker 1: probably in the last couple of months. I've been researching

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Speaker 1: them for over a year, but sort of aped in

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Speaker 1: on the last couple of months, and I had similar

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Speaker 1: reservations and just not really understanding, um where the money

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Speaker 1: play was number one in terms of like holding, what

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Speaker 1: what am I really getting in for? What is the

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Speaker 1: move here? Or um. I think not to sidestep your question,

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Speaker 1: but really the answer, my answer to your question is

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Speaker 1: always to tell people that I am bullish on experiential

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Speaker 1: n f t s, and I think in that sense,

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Speaker 1: like beholding strategy is if I have an n f

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Speaker 1: T that gets me access to all of Lebron's practices

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Speaker 1: for the rest of his career, and after seven of

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Speaker 1: those practices, I'm like, oh, that was fun. Okay, I

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Speaker 1: don't have Sunday's free anymore. Let me go ahead and

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Speaker 1: sell this like the use it's clear, it's clear, it's

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Speaker 1: not like how long should I hold my board ape

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Speaker 1: have I missed the top? Um someone made me an offer.

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Speaker 1: I need liquidity, Like all of these other decisions that

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Speaker 1: you make, um that you can get caught up in

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Speaker 1: in in terms of like the strategy of buying those

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Speaker 1: particular assets, I think that can you actually use what

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Speaker 1: it is that you're buying into. If you can use it,

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Speaker 1: then your gut, your instinct will tell you when it

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Speaker 1: doesn't have a use for you anymore. If you go

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Speaker 1: into this investment without that sort of gut clarity, then

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Speaker 1: it's I don't think it's gonna appear halfway through beholding it.

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Speaker 1: Are there dolls that we've been exposed to and we

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Speaker 1: just you know, haven't kind of connect the dots that

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Speaker 1: we've been you know, engaging with a decentralized autonomous organization.

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Speaker 1: And the reason I ask is this, you know, when

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Speaker 1: we have the conversation on this podcast about n f

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Speaker 1: T s, like we're we've been familiar with n f

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Speaker 1: T like non fungibility for some time, like are you

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Speaker 1: know your your birth certificate, that's a non fungible asset.

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Speaker 1: So when we put it on the blockchain, now it's

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Speaker 1: a non fungible token. You know so, But have we

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Speaker 1: in the same way been exposed to the concept of

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Speaker 1: a decentralized autonomous organization and now we're just starting to

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Speaker 1: see blockchain implications. I think we are used to a

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Speaker 1: number of aspects of it UM. What we're not used

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Speaker 1: to is UM what i'll call the shareholder model of

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Speaker 1: like being bought in and then also as it becomes

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Speaker 1: more popular, assets assets become more useful, or however the

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Speaker 1: case may be, like we also go up in value

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Speaker 1: UM being able to sort of move up in a

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Speaker 1: non political space. Workplaces have plenty of politics. The upside

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Speaker 1: of being in an overly quantified environment of like hours

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Speaker 1: of contribution and missions and badges completed, is that you're

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Speaker 1: it's free of those things. So yes, it takes a

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Speaker 1: lot of what we're used to UM, and it matches

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Speaker 1: it with things that were not necessarily used to UM

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Speaker 1: and the blockchain itself, like having this open record, this

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Speaker 1: lack of ambiguity of really being able to say, like,

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Speaker 1: what transaction happened on what day by what you user

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Speaker 1: X y Z like. Even that transparency is an aspect

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Speaker 1: that we're not necessarily used to. When you put those

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Speaker 1: things all together, I think they're incredibly powerful and new,

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Speaker 1: but the barrier of entry shouldn't be so high because

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Speaker 1: to your point, yes, there are many many aspects of

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Speaker 1: doubts that were already performing. There was a quote I

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Speaker 1: read UM and I think it's from Injuries and Horowitz

379
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Speaker 1: where they were talking about the future of work and dows,

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Speaker 1: and this particular paragraph struck me and it said the

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Speaker 1: traditional way to make money was to work to earn,

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Speaker 1: but the future of income is to X to earn,

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Speaker 1: play to earn, learn to earn, create till to earn UM,

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Speaker 1: and work to earn. And so when you think about

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Speaker 1: UM what it may mean for employment, you already have

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Speaker 1: like the gig economy, influencers YouTubers who are making money.

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Speaker 1: UM do we expect in our lifetimes or you know,

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Speaker 1: reasonably in the next wouldn't you our lifetimes? But the

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Speaker 1: next ten to fifteen years that we may see large

390
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Speaker 1: corporations UM dissolve or be created in the DOW respect

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Speaker 1: based on these sort of UM inputs, these workers, these

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Speaker 1: people producing the value. I believe more that we will

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Speaker 1: see dows rise to the size of corporations before I

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Speaker 1: believe that we'll see corporations that sort of bow to

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Speaker 1: UM the system that dows are implementing for the reason

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Speaker 1: of concentration of power. I just really don't see UM

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Speaker 1: corporations giving that up. I'm sure there are plenty of aspects,

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Speaker 1: like a buffet table, they like that DOWS vote. Sure,

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Speaker 1: we can implement voting, like we can do this, but

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00:24:57,320 --> 00:25:02,680
Speaker 1: ultimately like members will be holding ten percent of the

401
00:25:02,720 --> 00:25:06,280
Speaker 1: treasury when the governance is holding or something like that. Like,

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Speaker 1: I just I really don't see corporations coming to the

403
00:25:12,440 --> 00:25:16,200
Speaker 1: ethos of the web three space necessarily. But I do

404
00:25:16,359 --> 00:25:21,480
Speaker 1: think that dolls with people power can amass the power

405
00:25:21,640 --> 00:25:25,520
Speaker 1: and the control over a particular market that corporations now have.

406
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Speaker 1: What are some dolls we should be paying attention to

407
00:25:29,680 --> 00:25:33,920
Speaker 1: some some if it is, you know, buying into an opportunity,

408
00:25:34,440 --> 00:25:37,120
Speaker 1: some low cap opportunities to be able to get into.

409
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Speaker 1: What are some dolls that you're excited about that this

410
00:25:40,280 --> 00:25:44,880
Speaker 1: audience should be should know about to get their feewab well,

411
00:25:45,080 --> 00:25:48,119
Speaker 1: so shameless plug, I would definitely start with dow Labs

412
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Speaker 1: UM and dow Labs started, of which I'm a part of.

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Speaker 1: Dow Labs started with Miami Tech runs UM, which really

414
00:25:57,200 --> 00:26:01,800
Speaker 1: started during Bitcoin Week last year in Miami. It was

415
00:26:01,960 --> 00:26:04,600
Speaker 1: a group of primarily guys who were just like, hey,

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00:26:04,680 --> 00:26:08,040
Speaker 1: let's get together, let's play basketball, um, and also talk

417
00:26:08,080 --> 00:26:10,400
Speaker 1: about crypto. And then they launched a coin and didn't

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Speaker 1: really see it like getting very big even though it

419
00:26:13,800 --> 00:26:16,400
Speaker 1: had like a powerful group behind it. I mean, these

420
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Speaker 1: like guys who are saying let's get together and play

421
00:26:19,240 --> 00:26:21,960
Speaker 1: basketball are working at a six ten d and they

422
00:26:22,000 --> 00:26:24,840
Speaker 1: are launching downs of their own. UM, so they're pretty

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00:26:24,840 --> 00:26:27,240
Speaker 1: big in the space already. And so cut to less

424
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Speaker 1: than a year later, and there are now like four

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00:26:29,640 --> 00:26:33,120
Speaker 1: other cities in the works, and this umbrella company has

426
00:26:33,200 --> 00:26:36,000
Speaker 1: sort of been born called dow Labs that is now

427
00:26:36,119 --> 00:26:40,600
Speaker 1: pulling in all of um these other they're using the

428
00:26:40,720 --> 00:26:44,280
Speaker 1: system that made the first dows so popular and making

429
00:26:44,280 --> 00:26:48,040
Speaker 1: it replicable across different use cases, and so people are

430
00:26:48,080 --> 00:26:52,800
Speaker 1: coming to them us um and asking for Dow Labs

431
00:26:52,840 --> 00:26:55,840
Speaker 1: to launch their particular dobs. So I think that it's

432
00:26:55,880 --> 00:26:59,000
Speaker 1: going to be a powerhouse of just all of the

433
00:26:59,080 --> 00:27:01,919
Speaker 1: coolest project that you see, all of the doubts that

434
00:27:01,960 --> 00:27:04,560
Speaker 1: you think are just kind of far flung, Like we'll

435
00:27:04,600 --> 00:27:06,639
Speaker 1: look up one day and they will all be under

436
00:27:07,119 --> 00:27:09,959
Speaker 1: the umbrella of the sort of like prognerant gamble of

437
00:27:10,040 --> 00:27:12,480
Speaker 1: Dows that is led by a black man by the way,

438
00:27:12,480 --> 00:27:17,679
Speaker 1: who is on the Dow panel for Afrotech Exact Miami

439
00:27:17,760 --> 00:27:20,640
Speaker 1: this week and actually full disclosure, all of us on

440
00:27:20,680 --> 00:27:24,280
Speaker 1: that panel are Dow labs. UM. That just sort of

441
00:27:24,280 --> 00:27:27,480
Speaker 1: like speaks to the power that it has outside of that. UM.

442
00:27:27,560 --> 00:27:29,800
Speaker 1: Friends with Benefits is a big one also has a

443
00:27:29,800 --> 00:27:33,760
Speaker 1: black man founder also on the panel UM and Friends

444
00:27:33,760 --> 00:27:37,040
Speaker 1: with Benefits has a million use cases. I mean it's

445
00:27:37,720 --> 00:27:40,639
Speaker 1: controversial and that now it's very costly to get in.

446
00:27:40,680 --> 00:27:42,680
Speaker 1: It's sort of the king of the space, the king

447
00:27:42,720 --> 00:27:47,439
Speaker 1: of the cloud Dow UM, I would say, Um, but

448
00:27:47,960 --> 00:27:51,439
Speaker 1: definitely they've got like chat rooms for investing and just

449
00:27:51,480 --> 00:27:55,480
Speaker 1: for other aspects for people to really get the community

450
00:27:55,640 --> 00:27:59,240
Speaker 1: and the support that continues to bring value to those

451
00:27:59,359 --> 00:28:06,080
Speaker 1: very expensive coins. UM. What else? What other dolls are there?

452
00:28:06,080 --> 00:28:08,120
Speaker 1: There are a number of real estate dolls, and I'm

453
00:28:08,240 --> 00:28:11,679
Speaker 1: really sad that I'm blanking on the name of a

454
00:28:11,720 --> 00:28:14,560
Speaker 1: good one right now, but that are like pooling assets

455
00:28:14,600 --> 00:28:18,280
Speaker 1: to buy property together. I think that is really cool.

456
00:28:18,359 --> 00:28:24,840
Speaker 1: They're all sort of pulling it off in their own way. UM. Yeah,

457
00:28:24,920 --> 00:28:27,520
Speaker 1: I mean there are there are so many dolls popping up.

458
00:28:27,600 --> 00:28:30,919
Speaker 1: You can type in like chocolate chip cookie doll and

459
00:28:30,960 --> 00:28:36,040
Speaker 1: you'll find something. Everyone is starting something. UM. Not all

460
00:28:36,040 --> 00:28:37,800
Speaker 1: of them will last, but you know, there have been

461
00:28:37,840 --> 00:28:41,280
Speaker 1: some great models. I would say the Constitution DOW is

462
00:28:41,320 --> 00:28:43,640
Speaker 1: a great model of one that did not last but

463
00:28:43,800 --> 00:28:47,600
Speaker 1: was still ultimately beneficial for everyone who bought in. Yeah,

464
00:28:47,800 --> 00:28:51,400
Speaker 1: I'm glad you you just touched on something that didn't last.

465
00:28:51,400 --> 00:28:53,360
Speaker 1: Because I was gonna ask, is this sort of like

466
00:28:53,400 --> 00:28:56,040
Speaker 1: an n f T where I need to before I,

467
00:28:56,120 --> 00:28:58,480
Speaker 1: you know, dive into something for ape into an n

468
00:28:58,520 --> 00:29:00,880
Speaker 1: f T, I need to know who's behind this thing,

469
00:29:01,000 --> 00:29:03,640
Speaker 1: like who built this thing? Like who's where's it's all

470
00:29:03,680 --> 00:29:07,760
Speaker 1: these things? Like what should I understand before I ape

471
00:29:07,800 --> 00:29:12,560
Speaker 1: into a DOW? Yeah? I think so. To go back

472
00:29:12,560 --> 00:29:14,520
Speaker 1: to the Dow Labs example, I think that's what makes

473
00:29:14,520 --> 00:29:18,200
Speaker 1: them powerful, right because one say, Miami Tech runs, and

474
00:29:18,560 --> 00:29:20,320
Speaker 1: no one wants to get together in Miami to play

475
00:29:20,360 --> 00:29:24,680
Speaker 1: basketball anymore. So those coins, the Miami Tech run coin

476
00:29:24,920 --> 00:29:29,160
Speaker 1: then converts into a Dow Lab coin UM, and then

477
00:29:29,320 --> 00:29:33,400
Speaker 1: as new doubts are brought into the umbrella, you still

478
00:29:33,480 --> 00:29:37,400
Speaker 1: reap the overall benefit of any doubt associated with that

479
00:29:37,480 --> 00:29:41,800
Speaker 1: sort of umbrella brand. Um, while individual ones may come

480
00:29:41,800 --> 00:29:45,240
Speaker 1: and go. So I think that that in particular is

481
00:29:45,280 --> 00:29:48,840
Speaker 1: why I'm very passionate about that project, because it doesn't

482
00:29:48,880 --> 00:29:53,720
Speaker 1: have to last forever. The overall mission is sort of timeless. Um.

483
00:29:54,600 --> 00:29:58,440
Speaker 1: But I think that if you what you're speaking to

484
00:29:58,560 --> 00:30:02,480
Speaker 1: is like rug pulls right, where you buy into something

485
00:30:02,880 --> 00:30:06,480
Speaker 1: and then someone buys all the real estate and then

486
00:30:06,560 --> 00:30:10,400
Speaker 1: they shut down the discord or something like that. Um,

487
00:30:10,440 --> 00:30:15,760
Speaker 1: this space is new, so there's really no legislator, there's

488
00:30:15,760 --> 00:30:19,640
Speaker 1: no precedent, there's no legal precedent for people, UM kind

489
00:30:19,640 --> 00:30:25,720
Speaker 1: of taking governance to task on things like that. I mean,

490
00:30:25,800 --> 00:30:30,720
Speaker 1: the blockchain offers the transparency to make any sort of

491
00:30:30,840 --> 00:30:33,800
Speaker 1: legal case almost open and shut because there there is

492
00:30:33,840 --> 00:30:39,040
Speaker 1: a financial record that can't necessarily be obscured. But um, yeah,

493
00:30:39,120 --> 00:30:43,800
Speaker 1: we definitely don't suit. It's the wild world West in

494
00:30:43,800 --> 00:30:46,840
Speaker 1: that sense. Yeah. And so you mentioned afro Tech exactly,

495
00:30:46,840 --> 00:30:49,640
Speaker 1: which I'm super excited about. Um, we're headed to Miami

496
00:30:50,240 --> 00:30:53,080
Speaker 1: this week. What can you expect or what should we

497
00:30:53,160 --> 00:30:57,120
Speaker 1: expect more from afro Tech and the Gravity family about

498
00:30:57,400 --> 00:31:00,280
Speaker 1: n f t S blockchain. And because we've you start,

499
00:31:00,280 --> 00:31:01,920
Speaker 1: we've been in the metaverse for a couple of years

500
00:31:01,960 --> 00:31:05,160
Speaker 1: now with afro Tech, and so talk about you know

501
00:31:05,280 --> 00:31:09,160
Speaker 1: what the community, our community can expect to see from

502
00:31:09,240 --> 00:31:13,520
Speaker 1: afro Tech coming forward. I think first and foremost, the

503
00:31:13,520 --> 00:31:15,800
Speaker 1: community can expect to see that we are already in

504
00:31:15,840 --> 00:31:18,760
Speaker 1: the space. We Gravity, we afro Tech, but also we

505
00:31:18,880 --> 00:31:22,480
Speaker 1: black people, um are are already in the space. We

506
00:31:22,560 --> 00:31:25,440
Speaker 1: have a featured n f T artist coming at least Swops.

507
00:31:25,560 --> 00:31:27,360
Speaker 1: I don't know if you're familiar with her. She has

508
00:31:27,600 --> 00:31:31,840
Speaker 1: a coin based commercial. She just had a billboard in

509
00:31:32,000 --> 00:31:35,560
Speaker 1: Times Square. I mean, she's out here as a black

510
00:31:35,960 --> 00:31:39,880
Speaker 1: n f T artist, UM. And so I feel like

511
00:31:39,960 --> 00:31:43,400
Speaker 1: we need to know the names of the people doing

512
00:31:43,440 --> 00:31:46,040
Speaker 1: the work in the space. Everyone who touches the stage

513
00:31:46,040 --> 00:31:48,440
Speaker 1: as someone who has been doing the work in the

514
00:31:48,520 --> 00:31:51,520
Speaker 1: space for at least the past couple of years. And so,

515
00:31:51,680 --> 00:31:55,240
Speaker 1: while you know, we're doing these podcasts and we're doing

516
00:31:55,240 --> 00:31:57,760
Speaker 1: the work to sort of educate people and bring them in,

517
00:31:57,920 --> 00:32:01,640
Speaker 1: it's also good to couple that with the knowledge that, like,

518
00:32:01,840 --> 00:32:04,480
Speaker 1: we are also already here, and you can sort of

519
00:32:04,520 --> 00:32:06,880
Speaker 1: reach out to people who look like you at any

520
00:32:06,960 --> 00:32:09,920
Speaker 1: moment and ask them a question asked for their expertise

521
00:32:10,040 --> 00:32:13,960
Speaker 1: lean on their knowledge. UM. So yeah, I think that

522
00:32:13,960 --> 00:32:18,240
Speaker 1: that's hugely important, just just familiarizing with who is already

523
00:32:18,240 --> 00:32:21,960
Speaker 1: doing the work um. And then beyond that, there are

524
00:32:22,120 --> 00:32:28,200
Speaker 1: so many aspects of blockchain technologies. I'm happy that there

525
00:32:28,320 --> 00:32:31,320
Speaker 1: is a panel on DOWS, and another panel on defy,

526
00:32:31,960 --> 00:32:34,160
Speaker 1: and another panel and n f T s and then

527
00:32:34,200 --> 00:32:37,160
Speaker 1: we've got a gallery of our n f T artist

528
00:32:37,360 --> 00:32:39,400
Speaker 1: and the n f T artists there in person to

529
00:32:39,440 --> 00:32:42,719
Speaker 1: answer questions if anyone should have, like so that people

530
00:32:42,800 --> 00:32:49,520
Speaker 1: sort of understand how all of these technologies, um come together,

531
00:32:49,680 --> 00:32:54,640
Speaker 1: how the community comes together. UM. I like to say

532
00:32:54,680 --> 00:32:57,400
Speaker 1: that I'm sort of a grandparent in the crypto space

533
00:32:57,440 --> 00:33:00,000
Speaker 1: because I've been in it for like four or five years.

534
00:33:00,040 --> 00:33:02,960
Speaker 1: Isn't it so new that, like most people have not

535
00:33:03,040 --> 00:33:05,200
Speaker 1: been in it for that long? But like when I

536
00:33:05,240 --> 00:33:08,320
Speaker 1: started trading, you literally had to read a white paper

537
00:33:08,400 --> 00:33:11,360
Speaker 1: to know like what that coin was even planning to do,

538
00:33:11,560 --> 00:33:16,920
Speaker 1: like what the value the intention behind its release. Like

539
00:33:16,960 --> 00:33:21,040
Speaker 1: when people buy stocks on the stock market. You know

540
00:33:21,120 --> 00:33:23,720
Speaker 1: Coca Cola, you know propt A Gamble, you know what

541
00:33:23,760 --> 00:33:26,560
Speaker 1: they do, you know what you're buying into. In two

542
00:33:26,560 --> 00:33:28,960
Speaker 1: thousand seventeen and most of these coins out now, we're

543
00:33:29,000 --> 00:33:31,200
Speaker 1: not out in two thousand seventeen, or they launched in

544
00:33:31,200 --> 00:33:35,520
Speaker 1: two thousand seventeen. Most of them. Um, you just there

545
00:33:35,640 --> 00:33:39,080
Speaker 1: was no trading history. So now people go back on

546
00:33:39,280 --> 00:33:42,560
Speaker 1: coin base or binance or whatever trading desk that you use,

547
00:33:42,680 --> 00:33:44,920
Speaker 1: and you just kind of look at the trading history.

548
00:33:45,000 --> 00:33:47,040
Speaker 1: They don't even know that there's a white paper. They're

549
00:33:47,040 --> 00:33:50,000
Speaker 1: not concerned with it at all. Um. But all of

550
00:33:50,000 --> 00:33:53,560
Speaker 1: these spaces used to interconnect way more than they do now.

551
00:33:53,800 --> 00:33:57,000
Speaker 1: And so all of that to say that I'm excited

552
00:33:57,040 --> 00:34:02,280
Speaker 1: to like bring that this event um capture the interconnectivity

553
00:34:02,360 --> 00:34:20,440
Speaker 1: of all of these aspects of blackchain technologies. Black Tech

554
00:34:20,480 --> 00:34:22,520
Speaker 1: Green Money is a production of Black at the afro

555
00:34:22,680 --> 00:34:26,080
Speaker 1: Tech in a Black Effect podcast network and I Heard Media.

556
00:34:26,480 --> 00:34:30,040
Speaker 1: It's produced by Morgan Dubon and me Well Lucas, with

557
00:34:30,160 --> 00:34:34,480
Speaker 1: additional production support by love Beajaman Rusa Lewis. Special thank

558
00:34:34,520 --> 00:34:37,000
Speaker 1: you to Michael Davis. Jermaine Hall is the car savan

559
00:34:37,080 --> 00:34:40,160
Speaker 1: Yan you know, like the one. Yes, that's his real name.

560
00:34:41,400 --> 00:34:43,440
Speaker 1: Learn more about my guests and other tech disrupt that's

561
00:34:43,440 --> 00:34:46,359
Speaker 1: it innovatives to afro tech dot Com. The video version

562
00:34:46,360 --> 00:34:48,480
Speaker 1: of This episode will chop to Black Tech Green Money

563
00:34:48,560 --> 00:34:52,439
Speaker 1: on YouTube next week, so tap in. Enjoying Black Tech

564
00:34:52,480 --> 00:34:55,480
Speaker 1: Green Money, leave us a five star rating on iTunes,

565
00:34:56,480 --> 00:35:01,799
Speaker 1: Go get your money, peace and love, se