1 00:00:00,200 --> 00:00:05,120 Speaker 1: So what is blockchain? Textbook dictionary? Blockchain is a distributed 2 00:00:05,280 --> 00:00:08,200 Speaker 1: database that is shared amongst the nods of a computer network. 3 00:00:08,440 --> 00:00:12,200 Speaker 1: As a database, a blockchain stores information electronically in digital format. 4 00:00:12,520 --> 00:00:15,200 Speaker 1: Blockchains are best known for the crucial role in cryptocurrency 5 00:00:15,200 --> 00:00:18,920 Speaker 1: systems such as bitcoin, from attaining a secure the centralized 6 00:00:18,960 --> 00:00:21,520 Speaker 1: record of transactions. The innovation for blockchain is that it 7 00:00:21,560 --> 00:00:24,520 Speaker 1: guarantees the fidelity and security of a record of data 8 00:00:24,840 --> 00:00:27,400 Speaker 1: and generates trust without the need for a trusted third party. 9 00:00:27,760 --> 00:00:30,479 Speaker 1: The key takeaway from that all that fancy talk is 10 00:00:30,520 --> 00:00:33,639 Speaker 1: to simply say, it's a very transparent ledger that cannot 11 00:00:33,680 --> 00:00:38,800 Speaker 1: be manipulated. Why is that important? Imagine a space where, 12 00:00:38,960 --> 00:00:41,960 Speaker 1: to give an example, like in a stock market, sometimes 13 00:00:42,080 --> 00:00:43,560 Speaker 1: people are doing other things. 14 00:00:43,600 --> 00:00:45,240 Speaker 2: They're spending money there. 15 00:00:45,800 --> 00:00:49,520 Speaker 1: You know, a CFO of a company might buy back 16 00:00:49,600 --> 00:00:53,600 Speaker 1: shares and sometimes there might be a whole quarter before 17 00:00:53,600 --> 00:00:55,360 Speaker 1: you know this, it might be a full year before 18 00:00:55,360 --> 00:00:57,720 Speaker 1: certain things come to light. But with the blockchain, once 19 00:00:57,760 --> 00:01:01,480 Speaker 1: you know the WILID address of that particular company, then 20 00:01:01,520 --> 00:01:03,040 Speaker 1: you're going to be able to go on a blockchain 21 00:01:03,320 --> 00:01:07,080 Speaker 1: real time as something happens, if something changes, and see 22 00:01:07,240 --> 00:01:11,320 Speaker 1: what changes were made. Who purchased what, who sold what, who's. 23 00:01:11,080 --> 00:01:12,360 Speaker 2: The main holder of everything? 24 00:01:12,880 --> 00:01:15,080 Speaker 1: And when you think about that as an investor, I 25 00:01:15,120 --> 00:01:17,520 Speaker 1: think that is one of my favorite things about the 26 00:01:17,520 --> 00:01:21,600 Speaker 1: blockchain space and what makes me dive into aggressively is 27 00:01:21,640 --> 00:01:24,520 Speaker 1: the fact that there's a level of transparency that not 28 00:01:24,600 --> 00:01:27,679 Speaker 1: a lot of financial institutions will give you. To give 29 00:01:27,680 --> 00:01:30,920 Speaker 1: you an example, when we talk about gold, we used 30 00:01:30,920 --> 00:01:33,240 Speaker 1: to have a time frame in which the US dollar 31 00:01:33,280 --> 00:01:35,840 Speaker 1: and different things were backed by silver and gold, and 32 00:01:36,600 --> 00:01:39,000 Speaker 1: we don't really know ledger wise what is happening with 33 00:01:39,040 --> 00:01:41,480 Speaker 1: how much gold America actually have. That has been a 34 00:01:41,480 --> 00:01:44,039 Speaker 1: lot of jokes in the finance world that if you 35 00:01:44,080 --> 00:01:46,600 Speaker 1: went to Fort Knox to where they held all this gold, 36 00:01:46,640 --> 00:01:50,240 Speaker 1: et cetera, that it would basically be barren, and that 37 00:01:50,880 --> 00:01:53,320 Speaker 1: you know when you look at you know, countries like China, 38 00:01:53,880 --> 00:01:57,160 Speaker 1: you know, we owed a lot of these countries a 39 00:01:57,200 --> 00:01:59,560 Speaker 1: lot of gold, and we don't have as much as 40 00:01:59,560 --> 00:02:01,440 Speaker 1: we use and we're not in a good space when 41 00:02:01,440 --> 00:02:02,000 Speaker 1: it comes to that. 42 00:02:02,360 --> 00:02:03,040 Speaker 2: Is that true or not? 43 00:02:03,200 --> 00:02:05,800 Speaker 1: I don't know, But guess what with the blockchain, if 44 00:02:05,800 --> 00:02:07,920 Speaker 1: we did have all of our goal on this ledger 45 00:02:08,560 --> 00:02:12,960 Speaker 1: and it was something that was physically visible for the 46 00:02:12,960 --> 00:02:15,799 Speaker 1: whole world to see. Then if something is changed, you 47 00:02:15,800 --> 00:02:18,320 Speaker 1: would be able to know. And the thing about the blockchain, 48 00:02:18,400 --> 00:02:21,400 Speaker 1: when you think about it, for those who wonder what 49 00:02:21,560 --> 00:02:24,400 Speaker 1: makes it so secure, what makes you so transparent? This 50 00:02:24,600 --> 00:02:28,480 Speaker 1: system is not just backed by one blockchain. There's like 51 00:02:28,560 --> 00:02:31,960 Speaker 1: this mother like it's all AI controlled, but beyond the 52 00:02:32,000 --> 00:02:35,960 Speaker 1: AI control of it, it has fail systems in which 53 00:02:36,000 --> 00:02:38,080 Speaker 1: if somebody was to try to break into one and 54 00:02:38,120 --> 00:02:41,320 Speaker 1: manipulate it, that there is a backup to a backup 55 00:02:41,400 --> 00:02:43,960 Speaker 1: to a backup, and it's like quadruple secure. 56 00:02:44,040 --> 00:02:47,520 Speaker 2: There would be alerts, it would be very visible there. 57 00:02:47,520 --> 00:02:49,959 Speaker 1: You know, it's almost I'm not going to say impossible, 58 00:02:50,000 --> 00:02:53,399 Speaker 1: because nothing, in my opinion, is technically impossible, but at 59 00:02:53,400 --> 00:02:55,799 Speaker 1: that same point for most things, but when it comes 60 00:02:55,800 --> 00:02:59,560 Speaker 1: to the blockchains, especially if it's specifically the main blockchain 61 00:03:00,120 --> 00:03:03,560 Speaker 1: that all the subdivision blockchains go to, it makes it 62 00:03:03,639 --> 00:03:06,880 Speaker 1: really really hard to hack it. And it's not saying that, 63 00:03:06,919 --> 00:03:08,760 Speaker 1: once again, if you're in the crypto space, you can't 64 00:03:08,760 --> 00:03:10,800 Speaker 1: be hacked. It's not saying that tokens can't be hacked, 65 00:03:10,880 --> 00:03:14,040 Speaker 1: and it's not saying some of these subdivision blockchains that 66 00:03:14,120 --> 00:03:18,000 Speaker 1: report to the bigger blockchain can't have issues or be 67 00:03:18,120 --> 00:03:23,080 Speaker 1: reported incorrectly, or have certain you know, transparencies that are missing. 68 00:03:23,400 --> 00:03:25,960 Speaker 1: But what then happens is in a situation like Shiba 69 00:03:26,000 --> 00:03:28,600 Speaker 1: for instance, there was a whole situation where a company 70 00:03:29,040 --> 00:03:31,120 Speaker 1: was reporting the wrong amount of tokens for Shiba. Even 71 00:03:31,160 --> 00:03:33,960 Speaker 1: Sheba thought they had a certain amount of token's purchase 72 00:03:34,440 --> 00:03:36,680 Speaker 1: and they were reporting this number as to what they 73 00:03:36,720 --> 00:03:39,520 Speaker 1: thought their circulation supply was. And then they were able 74 00:03:39,560 --> 00:03:42,119 Speaker 1: to go to the original blockchain and through a lot 75 00:03:42,120 --> 00:03:44,760 Speaker 1: of research, a lot of data and looking at every 76 00:03:44,840 --> 00:03:48,160 Speaker 1: last sale that has ever in every purchase and every 77 00:03:48,160 --> 00:03:50,320 Speaker 1: token that was created, they were able to use the 78 00:03:50,360 --> 00:03:53,400 Speaker 1: original blockchain to look at it. And the original blockchain 79 00:03:53,440 --> 00:03:56,720 Speaker 1: is something that is kind of having like the fordknots 80 00:03:56,760 --> 00:04:00,720 Speaker 1: of blockchains. And then you can, through a very means, 81 00:04:01,160 --> 00:04:03,520 Speaker 1: have your information sent to that. And what I mean 82 00:04:03,560 --> 00:04:05,440 Speaker 1: by hard means is like you can update your inform, 83 00:04:05,480 --> 00:04:07,680 Speaker 1: you can send information to it to create your database, 84 00:04:07,920 --> 00:04:11,520 Speaker 1: but to manipulate in whatever transaction you recorded are created 85 00:04:11,600 --> 00:04:14,920 Speaker 1: on that market space. Definitely not the easiest to hack. 86 00:04:15,120 --> 00:04:17,000 Speaker 1: If it was that easy, trust me, a lot of 87 00:04:17,000 --> 00:04:18,240 Speaker 1: people probably would have done it. 88 00:04:18,360 --> 00:04:21,560 Speaker 3: Eric this episode is brought to you by P and 89 00:04:21,600 --> 00:04:24,679 Speaker 3: C Bank. 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These are just 124 00:06:26,040 --> 00:06:29,799 Speaker 4: some of the heinous migrant criminals caught because of President 125 00:06:29,839 --> 00:06:33,360 Speaker 4: Donald J. Trump's leadership. I'm Christy Noman, the United States 126 00:06:33,440 --> 00:06:38,200 Speaker 4: Secretary of Homeland Security. Under President Trump, Attempted illegal border 127 00:06:38,240 --> 00:06:41,800 Speaker 4: crossings are at the lowest levels ever recorded, and over 128 00:06:41,880 --> 00:06:45,080 Speaker 4: one hundred thousand illegal aliens have been arrested. If you 129 00:06:45,160 --> 00:06:49,000 Speaker 4: are here illegally, your next you will be fined nearly 130 00:06:49,080 --> 00:06:53,120 Speaker 4: one thousand dollars a day, imprisoned, and deported. You will 131 00:06:53,160 --> 00:06:56,800 Speaker 4: never return. But if you register using our CBP home 132 00:06:56,839 --> 00:06:59,640 Speaker 4: app and leave now, you could be allowed to return. 133 00:06:59,720 --> 00:07:05,320 Speaker 4: Lee do what's right, leave now under President Trump America's laws, 134 00:07:05,640 --> 00:07:08,880 Speaker 4: order and families will be protected sponsored by the United 135 00:07:08,920 --> 00:07:09,520 Speaker 4: States Department of. 136 00:07:09,520 --> 00:07:12,080 Speaker 1: Homeland Security the same way they hack other people's soilkens. 137 00:07:12,120 --> 00:07:15,520 Speaker 1: But anyway, moving on, and you know, there's always gonna 138 00:07:15,520 --> 00:07:17,360 Speaker 1: be the people who are like, oh, anything not as 139 00:07:17,400 --> 00:07:21,000 Speaker 1: creative can be manipulated or abused of, you know, and 140 00:07:21,040 --> 00:07:23,120 Speaker 1: maybe in the future somebody will figure out how to 141 00:07:23,200 --> 00:07:25,880 Speaker 1: do so, or maybe AI will figure out how to 142 00:07:25,920 --> 00:07:26,480 Speaker 1: hack itself. 143 00:07:26,520 --> 00:07:26,960 Speaker 2: Who knows. 144 00:07:27,040 --> 00:07:29,280 Speaker 1: But what I can tell you for right now is 145 00:07:29,320 --> 00:07:33,760 Speaker 1: definitely with more secure and more transparent then you know, 146 00:07:34,200 --> 00:07:37,040 Speaker 1: other databases and other ways that people do things. So 147 00:07:37,080 --> 00:07:40,080 Speaker 1: some of the most discussed blockchain and their explorers now 148 00:07:40,120 --> 00:07:44,520 Speaker 1: these are subdivisions under the block the main blockchain are Ethereum. 149 00:07:44,840 --> 00:07:49,040 Speaker 1: Ethereum's blockchains called ether scan dot Io, Binance, b sc 150 00:07:49,080 --> 00:07:54,120 Speaker 1: scan dot Com, Polygon, polygon scan, dot com avalanche, no 151 00:07:54,280 --> 00:07:56,920 Speaker 1: trace that I a Solana which is sol scan dot io, 152 00:07:57,320 --> 00:08:02,760 Speaker 1: Bitcoin blockchain, dot info, and so what are those websites there? 153 00:08:02,760 --> 00:08:05,760 Speaker 1: Those explorers allow you to put in anyone's wallet address 154 00:08:05,800 --> 00:08:08,800 Speaker 1: and see every transaction that was ever done with that 155 00:08:08,840 --> 00:08:12,240 Speaker 1: particular wallet address. So if anything was under the Ethereum token, 156 00:08:12,520 --> 00:08:14,200 Speaker 1: you'd be able to put in that person's wallet a 157 00:08:14,280 --> 00:08:17,320 Speaker 1: dress and if they purchase any token or any NFT 158 00:08:17,520 --> 00:08:20,640 Speaker 1: or anything that is Ethereum based, the history and all 159 00:08:20,640 --> 00:08:22,880 Speaker 1: the transactions would be physically there and evidence. 160 00:08:23,200 --> 00:08:24,960 Speaker 2: The same for a polygon. 161 00:08:25,240 --> 00:08:27,560 Speaker 1: But like let's say you're trying to see an Ethereum 162 00:08:27,600 --> 00:08:30,840 Speaker 1: exchange or a purchase on the Ethereum network, you can't 163 00:08:30,880 --> 00:08:34,560 Speaker 1: go to the Ethereum network and see what somebody the 164 00:08:34,600 --> 00:08:37,719 Speaker 1: Solana a person particularly purchased unless they purchase. 165 00:08:37,480 --> 00:08:38,679 Speaker 2: It through the Ethereum network. 166 00:08:38,800 --> 00:08:41,559 Speaker 1: So if they purchase art like in magic Eden, which 167 00:08:41,640 --> 00:08:45,080 Speaker 1: is is a Solana platform that utalizes that, then you 168 00:08:45,080 --> 00:08:47,120 Speaker 1: would need to go to salt scanda io to look 169 00:08:47,120 --> 00:08:49,920 Speaker 1: into those transactions. This might sound like Chinese a little 170 00:08:49,920 --> 00:08:52,600 Speaker 1: bit right now, but keep in mind we're just mainly 171 00:08:52,640 --> 00:08:56,960 Speaker 1: talking about metaverse NFTs and crypto basics. But once again 172 00:08:57,040 --> 00:08:59,120 Speaker 1: later on, if you guys want to like a deep 173 00:08:59,240 --> 00:09:01,320 Speaker 1: dive into this, that's a whole other conversation and we 174 00:09:01,320 --> 00:09:01,959 Speaker 1: can always have it. 175 00:09:02,240 --> 00:09:04,360 Speaker 2: So some of the websites that you can use to. 176 00:09:04,400 --> 00:09:08,560 Speaker 1: Verify, like blockchains, and once again, these websites for regular websites, people, 177 00:09:08,880 --> 00:09:12,120 Speaker 1: normal people and AI are updating them. So sometimes they're wrong, 178 00:09:12,240 --> 00:09:14,960 Speaker 1: sometimes they're not as accurate, but some good ones on 179 00:09:15,000 --> 00:09:18,160 Speaker 1: the list of coin market Cap, coin get Go, coin desk, 180 00:09:18,360 --> 00:09:20,280 Speaker 1: coin Telegraph, I know if the main coin in all 181 00:09:20,280 --> 00:09:23,320 Speaker 1: of those, there are other platforms and websites, but you know, 182 00:09:23,400 --> 00:09:25,880 Speaker 1: for today's purposis, these are some of the main ones 183 00:09:25,880 --> 00:09:27,600 Speaker 1: that I would say, like especially like coin market cap 184 00:09:27,679 --> 00:09:29,760 Speaker 1: and coin get Go, A lot of people in this 185 00:09:29,880 --> 00:09:31,120 Speaker 1: space utilize. 186 00:09:31,280 --> 00:09:32,319 Speaker 2: Why is that important? 187 00:09:32,679 --> 00:09:36,040 Speaker 1: Right, Let's say that you have a cryptotoken like Ethereum 188 00:09:36,080 --> 00:09:39,479 Speaker 1: and you're going to purchase ethereum, and you know, Ethereum 189 00:09:39,520 --> 00:09:44,440 Speaker 1: tells you, hey, we created one million Ethereum tokens, and 190 00:09:44,480 --> 00:09:47,079 Speaker 1: then they say we've sold seven hundred and thousand, seven 191 00:09:47,160 --> 00:09:51,040 Speaker 1: hundred thousand tokens already. Now keep in mind, crypto tokens 192 00:09:51,080 --> 00:09:52,679 Speaker 1: are like a barter system, which we're going to dive 193 00:09:52,720 --> 00:09:55,400 Speaker 1: into that shortly. Imagine that you're now going to have 194 00:09:55,400 --> 00:09:58,280 Speaker 1: to be in a position where you then, as an individual, 195 00:09:58,720 --> 00:10:03,520 Speaker 1: have to put potentially be believing that seven hundred thousand 196 00:10:03,520 --> 00:10:06,400 Speaker 1: people or seven hundred thousand tokens are sold. With the blockchain, 197 00:10:06,440 --> 00:10:08,560 Speaker 1: you'd be able to verify if it was the same 198 00:10:08,600 --> 00:10:11,439 Speaker 1: wallet address who purchased all seven hundred thousand, was it 199 00:10:11,600 --> 00:10:14,640 Speaker 1: three hundred thousand people who purchase seven hundred thousand of 200 00:10:14,720 --> 00:10:17,040 Speaker 1: the tokens? And then that also gives you more power 201 00:10:17,080 --> 00:10:19,520 Speaker 1: when it comes to circulating supply how many people are 202 00:10:19,520 --> 00:10:22,440 Speaker 1: interested in a particular item and makes you decide is 203 00:10:22,440 --> 00:10:24,839 Speaker 1: it an NFT or a token or whatever project that 204 00:10:24,880 --> 00:10:27,360 Speaker 1: you'd want to invest in, because now you're able to 205 00:10:27,400 --> 00:10:30,400 Speaker 1: know more data on that particular brand or company or 206 00:10:30,440 --> 00:10:32,640 Speaker 1: the way they're moving, or how many bad. 207 00:10:32,480 --> 00:10:33,280 Speaker 2: Reports they have. 208 00:10:33,640 --> 00:10:36,840 Speaker 1: The list continues using the blockchain for verification. And some 209 00:10:36,880 --> 00:10:38,880 Speaker 1: of these websites will also help you make sure that 210 00:10:38,880 --> 00:10:41,680 Speaker 1: if there's a scammer with a fake website claiming to 211 00:10:41,720 --> 00:10:44,520 Speaker 1: be ethereum and they're like, oh, this is Ethereum's new 212 00:10:44,520 --> 00:10:47,360 Speaker 1: website Ethereum three, then you know, just make sure you 213 00:10:47,360 --> 00:10:50,400 Speaker 1: don't connect your wallet address to a scammer's website and 214 00:10:50,679 --> 00:10:53,040 Speaker 1: you're actually going to like corn market cap coin, get 215 00:10:53,040 --> 00:10:55,720 Speaker 1: go to look up what is the actual website Ethereum 216 00:10:55,840 --> 00:10:57,800 Speaker 1: do they have a new website? And just to show 217 00:10:57,800 --> 00:10:59,480 Speaker 1: you what an explorer looks like, this is what it 218 00:10:59,480 --> 00:11:01,120 Speaker 1: would like be like. So this to give you an 219 00:11:01,160 --> 00:11:03,240 Speaker 1: examples ether scan, most of them kind of had this 220 00:11:03,360 --> 00:11:07,800 Speaker 1: same basic interpretation. You would put your wallet address right here, 221 00:11:07,880 --> 00:11:10,480 Speaker 1: and that basically is a key that unlocks a lot 222 00:11:10,520 --> 00:11:13,200 Speaker 1: of like hold your money in the crypto space. So 223 00:11:13,280 --> 00:11:15,199 Speaker 1: if it's an Ethereum based wallet, you would put the 224 00:11:15,280 --> 00:11:18,560 Speaker 1: address there. Or if you did a transaction and you're like, hey, 225 00:11:18,600 --> 00:11:20,800 Speaker 1: let me see how long is it gonna You know, 226 00:11:21,120 --> 00:11:22,959 Speaker 1: how long ago did I purchase X, Y and z. 227 00:11:23,080 --> 00:11:26,199 Speaker 1: If you had that token, hash or any of this information, 228 00:11:26,720 --> 00:11:28,400 Speaker 1: you would be able to then look it up. 229 00:11:28,640 --> 00:11:32,319 Speaker 4: An illegal alien from Guatemala charged with raping a child 230 00:11:32,360 --> 00:11:36,160 Speaker 4: in Massachusetts. An MS thirteen gang member from Al Salvador 231 00:11:36,400 --> 00:11:40,520 Speaker 4: accused of murdering a Texas man of Venezuelan charged with 232 00:11:40,600 --> 00:11:44,480 Speaker 4: filming and selling child pornography in Michigan. These are just 233 00:11:44,600 --> 00:11:48,360 Speaker 4: some of the heinous migrant criminals caught because of President 234 00:11:48,400 --> 00:11:51,920 Speaker 4: Donald J. Trump's leadership. I'm Christine Noman, the United States 235 00:11:52,000 --> 00:11:56,760 Speaker 4: Secretary of Homeland Security. Under President Trump, attempted illegal border 236 00:11:56,800 --> 00:12:00,360 Speaker 4: crossings are at the lowest levels ever recorded, and over 237 00:12:00,440 --> 00:12:03,640 Speaker 4: one hundred thousand illegal aliens have been arrested. If you 238 00:12:03,720 --> 00:12:07,559 Speaker 4: are here illegally, your next you will be fine nearly 239 00:12:07,640 --> 00:12:11,680 Speaker 4: one thousand dollars a day, imprisoned, and deported. You will 240 00:12:11,720 --> 00:12:15,360 Speaker 4: never return. But if you register using our CBP home 241 00:12:15,400 --> 00:12:18,760 Speaker 4: app and leave now, you could be allowed to return legally. 242 00:12:19,160 --> 00:12:19,960 Speaker 4: Do what's right. 243 00:12:20,520 --> 00:12:21,400 Speaker 2: Leave now. 244 00:12:21,720 --> 00:12:26,480 Speaker 4: Under President Trump, America's laws, border and families will be protected. 245 00:12:26,600 --> 00:12:28,720 Speaker 4: Sponsored by the United States Department of Homeland Security.