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Speaker 1: This episode is brought to you by P and C Bank.

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Speaker 1: A lot of people think podcasts about work are boring,

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Speaker 1: and sure they definitely can be, but understanding a professionals

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Speaker 1: routine shows us how they achieve their success little by little,

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Speaker 1: day after day. It's like banking with P and C Bank.

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Speaker 1: It might seem boring to save, plan and make calculated

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Speaker 1: decisions with your bank, but keeping your money boring is

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Speaker 1: what helps you live or more happily fulfilled life. P

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Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly

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Speaker 1: Boring since eighteen sixty five is a service mark of

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Speaker 1: the PNC Financial Service Group, Inc. P and C Bank

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Speaker 1: National Association Member FDIC.

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Speaker 2: What technologies do you think people are kind of sleeping

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Speaker 2: on right now that will potentially change the world in

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Speaker 2: the next five to ten years.

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Speaker 3: I don't know if they're sleeping on them, but I

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Speaker 3: think people are hesitant with AI back to the first

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Speaker 3: part of our conversation, like, I think people or hesitant

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Speaker 3: because they're afraid of it replacing their work or what

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Speaker 3: they're trying to build. And I think that mindset is

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Speaker 3: going to end up doing that in fact, and if

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Speaker 3: again if you instead see it as a foundation that

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Speaker 3: we can stand on and that it's something that enables

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Speaker 3: you to do even more with less and it gives

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Speaker 3: you time back, then it's a tool like anything else.

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Speaker 3: And I think that's I think that's the scary thing

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Speaker 3: right now, and I think people are letting the fear

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Speaker 3: keep them from experimenting with it and keep them from

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Speaker 3: just trying it and having more of a closed mind.

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Speaker 3: So I think it's really important with any new technology

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Speaker 3: to try it for yourself. Don't trust what you read

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Speaker 3: from others, don't trust other opinions on it, form your

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Speaker 3: own opinion on your experience, and you have to dive

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Speaker 3: into it and trust yourself to learn from that experience.

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Speaker 3: It might be challenging, it might be frustrating, Well who cares.

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Speaker 3: You're going to learn no matter what, and you could

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Speaker 3: you'll build that learning into into something else that will

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Speaker 3: be useful for yourself, for your business. There's a there's

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Speaker 3: a mantra within the bitcoin certcles which is don't trust verify,

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Speaker 3: And what that really means is like, let your experience

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Speaker 3: be the guide of everything. Make your own decisions, form

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Speaker 3: your own opinions, because you're going to get thousands of

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Speaker 3: other ones from other people, but the one true one

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Speaker 3: is what you what resonates with you after you experience

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Speaker 3: it yourself, and these tools are available to you, and

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Speaker 3: you know you'll be able to understand like if if

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Speaker 3: they actually enable you, or how they diminish you in

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Speaker 3: any way, and you can overcome them. It's a decision. Jack.

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Speaker 2: You've been an advocate obviously for bigcoin, but you've talked

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Speaker 2: around as to topic of decentralization, and over the past

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Speaker 2: ten years we've seen more institutions come into the space

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Speaker 2: more and more. I wonder, you know, a few years

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Speaker 2: ago Web three was the big talk.

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Speaker 1: What are your thoughts on.

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Speaker 2: Decentralization now and how far away are we or how

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Speaker 2: soon will we see it come to fruition from your

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Speaker 2: early talks.

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Speaker 3: Well, first, like with any of these technologies like Web three, AI, Bitcoin,

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Speaker 3: like all these things that we're talking about, Web two,

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Speaker 3: like whatever it was in the past, there's always going

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Speaker 3: to be this like massive hype cycle, and it's going

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Speaker 3: to be easy to get into that sect and into

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Speaker 3: that hype without really understanding the fundamentals. So again this

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Speaker 3: goes back to like touching ground and experiencing yourself, does

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Speaker 3: this actually bring value to you? Or is someone trying

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Speaker 3: to sell you something that's just repackaged but the same thing.

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Speaker 3: And I saw a lot of Web three ultimately as

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Speaker 3: repackaging of the same thing. And what I mean by

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Speaker 3: that is like I saw a lot of vcs who

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Speaker 3: were using it as a way to rebrand something that

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Speaker 3: already existed or was still somewhat centralized and wasn't really

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Speaker 3: solving the problem. And it was it was just frustrating. See,

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Speaker 3: but I realized that with every technology, technology, every new

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Speaker 3: technology that really comes up, always has a hype cycle.

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Speaker 3: So it's really up to you all and to us

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Speaker 3: to like understand, like again, does this actually give me

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Speaker 3: time back? Does this actually add value to what I'm doing?

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Speaker 3: Does it add value to my customers or not? And

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Speaker 3: if it doesn't, it's okay to ignore it because it'll

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Speaker 3: go away or it'll settle into something that does. I

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Speaker 3: would say that the early Internet, for those of you

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Speaker 3: who were on it, it was amazing. It was like

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Speaker 3: you know, this wild wild West of like frontier of

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Speaker 3: like everything was new and everything was decentralized. There was Usenet,

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Speaker 3: there was IRC, there was go, there was a web,

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Speaker 3: there were no centralizing forces, and then all of that

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Speaker 3: disappeared in like five years because of a few companies

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Speaker 3: building something that was convenient to people, which was like,

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Speaker 3: how do I find things on the Internet? And you

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Speaker 3: had Alta Vista and you had Deja News, and you

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Speaker 3: had Google, and you had Facebook and you had Twitter.

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Speaker 3: These centralized the discovery mechanism of the Internet, so you

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Speaker 3: went to one place to find all this incredible content.

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Speaker 3: But the problem was the content lived on the services

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Speaker 3: as well, so you had the discovery and the creation

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Speaker 3: and also the API all owned by one company, and

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Speaker 3: that to me is wrong. It's wrong for the company

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Speaker 3: because it puts a ton of pressure on them and

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Speaker 3: it's wrong for the customer because the company actually owned

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Speaker 3: your data and they owned your identity. And you've all

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Speaker 3: experienced this if you're trying to move your data to

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Speaker 3: another thing or you have to resign up or whatnot.

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Speaker 3: That's not how things should exist. So now we find

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Speaker 3: we finally have technology to enable data portability and moving

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Speaker 3: your identity around with it without a company owning it.

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Speaker 3: But it's not accessible right now, it's not well designed,

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Speaker 3: but it's just work and it's an opportunity for some

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Speaker 3: businesses as well for those of you who are still

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Speaker 3: looking for some opportunities. It's a way to you know,

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Speaker 3: it's something that needs to be figured out more so

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Speaker 3: I'd say we're still pretty early with it, but at

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Speaker 3: the same time, there's never been more energy around it.

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Speaker 3: And the thing that worries me the most is the

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Speaker 3: most centralized of these services that we become more dependent

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Speaker 3: upon is AI. We have five or six companies that

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Speaker 3: are building very centralized services that are you go to,

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Speaker 3: you sign up to, you pay for, and the CEOs

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Speaker 3: that these companies can change the intelligences, they can change

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Speaker 3: the algorithms, they can literally decide based on a question

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Speaker 3: you have, how it's going to answer. And you've seen

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Speaker 3: this play out obviously in oppress. Thankfully we have open

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Speaker 3: source models, and thankfully we have people who are pushing

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Speaker 3: that more and more, and like we have again a

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Speaker 3: third horse in the race, which is completely open and

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Speaker 3: owned by the people. But we need to desire it,

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Speaker 3: we need to want it, and we need to ultimately

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Speaker 3: use it to not become dependent upon five companies or

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Speaker 3: just one company for this really important technology, which is

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Speaker 3: effectively intelligence. We've seen it with social media, We've seen

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Speaker 3: it with intelligence, We've seen it with with a number

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Speaker 3: of other things on the internet discovery. Now we need

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Speaker 3: to make sure that, like all these things can be

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Speaker 3: open source and they can be decentralized and and really

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Speaker 3: usable by any business earners.

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Speaker 1: What's up?

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Speaker 2: You ever walk into a small business and everything just

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Speaker 2: works like the checkout is fast, their seats are digital,

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Speaker 2: tipping is a breeze, and you're out the door before

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Speaker 2: the line even builds odds are they're using Square. We

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Speaker 2: love supporting businesses that run on Square because it just

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Speaker 2: feels seamless. Whether it's a local coffee shop, a vendor

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Speaker 2: at a pop up market, or even one.

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Speaker 1: Of our merch partners. Square makes it easy for them

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Speaker 1: to take payments, manage inventory, and run their business with confidence,

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Speaker 1: all from one simple system. One of the things we

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Speaker 1: love most is seeing neighborhood businesses level up.

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Speaker 2: Business West Indian spired writing our community that started with

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Speaker 2: a small takeout counter.

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Speaker 1: Now with Square they've been able to expand into a

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Speaker 1: full sit down restaurant and even started catering events across

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Speaker 1: the city.

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Speaker 2: That's the kind of growth that inspires us, and it's

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Speaker 2: powered by Square.

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Speaker 1: Square is built for all types of businesses, from the

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Speaker 1: corner bagel shop that turned into a local chain, to

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Speaker 1: the specialty market with thousands of unique items, to the

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Speaker 1: stylist who's been holding you down for years.

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Speaker 2: If you're a business owner or even just thinking about

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Speaker 2: launching something soon, Square is hands down one of the

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Speaker 2: best tools out there to help you start, run and grow.

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Speaker 1: It's not just about payments, it's about giving you time

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Speaker 1: back so you can focus on what matters most ready.

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Speaker 1: To see how Square can transform your business, visit Square

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Speaker 1: dot com backslash, go backslash eyl to learn more that

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Speaker 1: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.

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Speaker 1: Let's Square handle the back end so you can keep

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Speaker 1: pushing your vision forward