 And we are live. What's up guys? All right guys, another Ask Me Anything random episode. I'll be looking forward to your questions. Let me make sure everything's set up. Okay, audio's good. If you guys can hear me, just type in yes in the chat box. Just wanna make sure the audio's correct. All right, I think the audio's working. Sweet, awesome. Audio's good, good, good, good. All right, question time. Hello from Australia. This is an interesting question. From Hatam, what's your thoughts on avoiding depression? I went through this for many years. I still fight depression. It's a multifaceted approach when it comes to finding depression and each person is, I would say, individual in their own situation. For me, what has helped me the most is a fixing my nutrition. And so basically cutting out old refined sugars, going on a low carb diet, getting proper sleep, proper hydration, proper exercise, and then surrounding yourself with really positive people. Those are kind of like the major five things that I did in my life. Predictions for Bitcoin and altcoins in 2018. More people will be interested in them. More money's flowing in. Unfortunately, with more money, I always, I think less innovation comes into play because people are greedy, all they care about is profits. So I think we'll have a lot of upsets in 2018, a lot of projects that promised to deliver on X product won't deliver on because the reality is they can't deliver. But I think more or less the industry is growing and more and more people getting involved. Is Bitcoin used for money laundering? Actually, that's a good question. So chain link analysis, consulting company, looks for habits within the crypto space on how people use crypto. They just came out with a report saying only 1% of the total Bitcoin liquidity pool is actually used for illicit activities. Compare that to the greenback. The greenback, which is the USD currency, right? The United States currency is the number one vehicle when it comes to laundering money and for illicit activities. And that's the fact. What is my opinion on the changing ICO landscape from Alberto? I've mentioned this a bunch of times. I think ICOs are a very innovative solution for raising capital. However, there are issues with ICOs. First of all, you don't own equity, you don't have voting rights. For the most part, 99.99% of ICOs don't have a sustainable business model that makes sense. And not to mention where we are currently in the ecosystem of technology, whether we're talking about Bitcoin, Ethereum, Neo, Quantum, EOS, whatever platform you're talking about, we're in the first inning. And it's really difficult to scale millions and millions of users on your platform when the technology is not mature enough yet. So I think we're gonna have an evolution of ICOs in the future, different variations of them. And I think they're a very interesting model for raising capital. But how I think they're done right now and majority of ICOs in my humble opinion, I don't support whatsoever. Hashgraph, well, Hashgraph is a private company that has a patent on a technology for a private chain and they can do whatever with a private chain. You and I can create a private chain of Ethereum right now and scale it to thousands of transactions a second because it's private. But I think the private blockchains, whether that is Ethereum, private blockchain or Hashgraph is definitely of use when it comes to enterprise clients. Especially when it comes to supply chains and tracking of certain data or I would say, reducing overhead costs of a supply chain. From where do proof of work, hard forks get their miners from? What do you mean the actual ASICs? They get them from Jihan Moon. You've got Befury, you have Jihan Moon's group over there in China. But actually now, what was the Samsung? I think Samsung just came out and made a statement. They're gonna start producing ASICs as well. Thoughts on Richard Hart. I don't know who he is. So yeah. What do I think about the Venezuelan Petrocoin? Oh my God. What did they say? They didn't even know what to do. And they said they're gonna build it on Ethereum. Then in the same paper, they said they're writing and they're gonna do something on Stellar or something like that. I don't know. I don't have faith in it. Let me put it that way. From Pango, what is the thoughts on shift? I don't even know what shift is. Will there be another bull run in 2017? Or as 2017? Could be. If you look historically, majority of the bull runs have been going around, usually around the summertime. So it could be. I would predict so. I would say, I would bet on it that this year we have a bull run. Should supply chains really be on a blockchain? It depends. It really does depend. Depends on human capital cost of how many humans are involved in the supply chain. It depends on what type of product or service you're dealing with in the supply chain. It depends on legalities. It depends on if you are a private company or a publicly traded company. So there's many different variables. There are a lot of use cases where a private blockchain to track items and track data stamping for a publicly traded company does make sense. Amir, is Bitcoin going to 7,500 or less? I don't know. I don't make price predictions. I'm not a trader. I'm not a TA. I really, personally, I don't care about prices to tell the truth. I'm in this for the long haul and I'm in this for the technology and building a better future. There's many other people that can comment on what the price of crypto will be. From Retro House Invade, Retro House. Super thanks. What are your thoughts on EOS? Will it really become, I hate the terminology theorem killer. I come from the startup scene. I never heard of other startups coming or this killer or that killer. To me, crypto space seems very religious, right? Everyone has it because it's money involved, right? Everybody has their own bias incentives because they want to profit. That's the truth. That's the fucking reality. I think competition is great. Competition pushes both teams and technology to innovate and evolve. And remember, the market's always right. So will EOS kill Ethereum? I have no idea. You know, you have EOS, you have Neo, you have Ethereum. But if we're looking at statistics currently, we're looking at first mover advantage. We're looking at developers in space. We're looking at companies using platforms. Ethereum's number one currently. Can EOS overtake that? Possibly. I can't predict. All I can say is I wish them all the best of luck and the more, like I said, the more competition that we have, the better. What is, from tasks, what is a major change slash benefit that decentralized exchanges will provide if they become mainstream and easy to use? Well, number one, they can definitely help reduce front running where exchanges can manipulate and control prices. Number two, they help with security models. With centralized exchanges, you don't own your private keys with decentralized exchanges. You own the private keys. Number three, it actually increases liquidity pools. So it's a benefit for everybody. Number four, the issue duo with at least with some, well, I would say majority of decentralized exchanges at the moment, they don't provide Fiat gateways. So you can't onboard Fiat towards them. But that might change in the future. What is proof of stake? Well, that's a good question. There's different variations of proof of stake. You have delegated proof of stake that EOS is using that has masternodes, I believe 21 voted masternodes. Then you have a proof of stake mechanism, such as sharding within Ethereum. Basically, the two commonalities of both platforms is they're not using miners anymore or say physical miners per se. Because again, proof of stake is staking. So you have virtual mining per se. So that's a big difference with proof of stake with proof of work is like you're removing the ASIC miners or removing the financial costs when it comes into buying these big rigs paying for electricity, paying for overhead. But still, when it comes to proof of stake, you still gotta pay for the token and stake that token. What the minimal threshold to enter in as a staker is, I don't know yet. Who am I supporting between Tony Ferguson and Khabib? I don't know. Khabib, he has his diet down. That's good. Like his diet is really good right now. His last performance was impeccable. But Tony's Ferguson's performance was really good too. It's a tough one, man. It's a tough one. If Ferguson can keep Khabib from taking him down and just doing stand-up, then I'll give it to Ferguson. But if Khabib keeps on taking Ferguson down and grinding him out, it's Khabib's game. But it also depends physically where it's gonna be. So I don't know where the actual venue will be held. Have I invested in any ICOs recently? No. BitConnect is BitConnect coming back? God, no. It's a fucking scam. It's a pyramid scam. Come on, guys. You can see that a mile away. From Timothy, what's my thoughts on Cardano? Actually, BlockGeeks just released a big guide on that. So check that out. If you go to blockgeeks.com slash guides, we just released a 3,000 word synopsis of Cardano. So from Ziffvet, sorry if I butchered your name. Watch your video about time management so you don't own a car. No, I don't since you take Uber everywhere. Yes, I take Uber everywhere as much as I can. It saves me time, headache, money. It's a million times better than me owning a car. And if I need to drive somewhere far away, whether that is like my cottage or somewhere outside the city, I'll rent a car. My thoughts on Amici Go. All the power to them. I think what they're doing is great. They're gonna be the first DAP or say infrastructure play to work on Plasma. They have a great team. I just want to see them execute. Wheel off chain and decentralized exchanges help all coins remain stable in Bitcoin. My predictions for majority of tokens that they're useless, token velocity is high. There's no need for them whatsoever. Like literally there's no need for 99% of the tokens. I can literally remove that token from that network and the networking still run or I can substitute it with Ether or Bitcoin. So you'll see once we have more atomic swaps, more liquidity and once the space matures, 99% of these DAPs or these new platforms don't have business models, so it's not sustainable. The only way they have a business model speculation so the next schmuck has to come in so the token value goes up. And then once you have more liquidity such as atomic swaps and decentralized exchanges and real businesses emerges that do have a sustainable model, you'll see literally 99% of these tokens go to nothing. What's my take on DAICO? It's interesting. It really does depend though on, so DAICO people that don't know it's Vitalik's proposal, kind of similar, kind of like a DAO but a little bit different. What I like to see though in the future truthfully guys is if you are raising visa via token and it's not gonna be utilities, really rare use cases that's a utility that you really actually have to have a token as opposed to just using Ether or Bitcoin or some of these other decentralized currencies. So that being said, majority of the tokens don't really have a use case. They're just people don't wanna give up equity in their company and the so-called entrepreneurs cannot raise regular pre-seed money which is a couple hundred thousand dollars because it's no business model there. It's non-existent. But that being said, I think in the future we will have variations of token equity. We'll have variations of token dividends. We'll have variations of token voting rights. And like any startup, if you look at successful startup it's doing hundreds of millions of dollars in revenue. They've gone through the process of a pre-seed which is probably around half a million dollars. They have to prove their product market fit. They have to prove some revenue. Once they prove that, then they go to series A which is roughly three to five. And once they prove at the series A that their revenue is growing, profits are growing, then they might do a series B. So if you have an ICO model where A, both the investors and the entrepreneurs both have a proper incentive and they're proving that they're actually building the business is sustainable and more money is actually raised. Is the most sustainable coin model, security model such as Polymath? Polymath is not a securities token. They claim to be a platform where you must figure out the legalities and build your own token on top of it. In the future, I don't think so you'll be, like first of all, I'm not a big fan of tokenized securities at the moment because it doesn't increase or doesn't exponentially differentiate or make raising money better. Like right now, if I want to raise money I go to angel investors. I can raise half a million dollars. I can get a term sheet from lawyers almost for free. And the whole process doesn't take any technology and it can be done in a fucking day without any developers necessary without all these crazy legalities. So my question is why do I really need a securitized token currently? You know, we may see in the future two, three years maybe four years, different exchanges, loss change that it makes the process better to have a tokenized security. But at the moment, I'm just gonna raise money traditionally, have a regular term sheet and get assigned within a week without dealing with all this bullshit. Do I use any new tropics? Used to, fan of Parasitams and Arasitams, new pep, played around a little bit with Modafinil or Provigil here in Canada. Don't really touch those stuff anymore. I actually use a lot of light therapy as a new tropics or red light therapy at nighttime, blue light therapy during the day as I'm inside. So light box and sometimes there's a funky device is infrared nasal device that you put in your nose. Do I deadlift? Yes, I do. Deadlift, squat, but my old-time favorite is body weight training with Kettables. Huh, sorry, questions are coming in really fast. Can I give example of a token that cannot be removed from the model? Yeah, if I remove Ether from Ethereum it falls apart. If I remove Bitcoin from Bitcoin, it falls apart. Like tokens, like a token like Ethereum, whatever I say, call it a crypto, it's necessary for the computational cost. It's necessary for security and it's necessary for gas. These ICOs, they're building ERC20s. They're not protocol-layered plays and they're just raising money. There's no gas with them. There's no security models with them. They're literally just raising money, cashing out to feed it. That's it, period. Like, look at these ICOs and be honest with yourself. 99% of them you can remove your token and the business still, the business or lack of business, it's still there. Like tell me one ICO that doesn't force me to use your token that has a predictable revenue model that as an investor and as a user you can have trust and faith in it. That I know for a fact mathematically two, three years from now based on their sustainable business model they'll still exist as opposed to their business model being hey, more people need to buy our token. Thoughts on the RAIDN network, side-chain scaling solution for Ethereum. Let's see what happens. They have a token though, so that slows the whole process down. Like Lightning Network doesn't have a token. Like I don't know what RAIDN needed a token, but probably just needed for capital. I don't know, we'll see. Only time can tell. Are cryptocurrencies in a bear market? No, I don't think so. We're in a bear market right now. If we're looking at bear markets like 2013 and 14, that's yearly bear market. I don't think so. We're gonna be going through a year bear market whatsoever. I think we might have a predictive behavior pattern same thing like last year where you see January, February, March, a little bit April as like a slow market and then coming up to the summertime just a crazy run. And then it's different every year, right? More players in the space, we have ETFs, we have futures, we have all these crazy funds going on. So a lot of money wants to enter the space. Does NEO require its token? It's a platform play like at Ethereum. It has security models. It has gas, so yes, it does. But remember, these are platforms, right? People building on top of platforms for the most part don't need a token, like an ERC-20 for the most part. What's my views on hedge funds in the space? Hedge funds are liquid funds, usually about 90 to 95% in liquid. They have a pyramid strategy of their liquid fund where they would have long-term holds on the space long-terms for like a year or two. The median term holds might be like six months to a year then super high-risk short-term holds or like six months up to a year. And so they're basically, they're not, hedge funds don't really keep, well, at least in the space they're not really for the innovation. They're not here for incubating companies. They're here for returns. Like most hedge funds is probably 220 model in the space, right? 2% management fee, 20% profit share. And basically in and out for arbitrage. Okay. You said, well, these questions are coming crazy. I need to slow this down. You said that you will meet up with the CEO from Chainlink. Did you get some info on that? No, not yet. Our timing hasn't been proper. So hopefully I'm working on that. Crazy busy right now. We are just scaling block geeks. So hiring more people, publishing more courses. We just released a brand new feature on block geeks where you can actually earn ether to answer dev questions. So if you go to block geeks and top corner, you see Q and A. So you can, if you're a smart dev and wanna earn some ether for answering developer questions, we have that feature and just we're really focusing on creating value in the space and building a real business and helping people in the blockchain space. But Mr. Anderson, the person that asked the question, as soon as I do have the confirmation and I've spoken to the CEO, I will let you know. What have I been reading? Actually, let's see. I haven't been reading anything new. I've been rereading letters from Astoic and some Joseph Campbell. This year, I haven't really bought anything new. I'm just rereading old books. Is Bitcoin too volatile to be used as an everyday currency? My answer is yes. That's why Lightning Network is very interesting. You can have instant payments without the volatility. I mean, like literally instant payments and then micropayments is feasible automatically, which is amazing. Mr. Anderson, thanks man, I appreciate it. Am I a millionaire from Bitcoin? No, I'm not. Amir, do I know Quantstamp? No, I don't know Quantstamp. This is from K1. What is the most expensive item you have bought with your crypto and which crypto did you use? Interesting question. I haven't bought anything well. I use crypto in my business to pay freelancers. And Blockheeks will be accepting crypto as payment for becoming a developer soon, hopefully in April. So this is from Raphael. How did I know what to do in life? I didn't. I took to high school in grade nine. So I never finished high school or college and I just try things, I experiment. I would say if you're young, experiment as much as you can. Try things, don't let time pass you by because when you're young, you can fail a million times and get back up and really surround yourself with people who are decade ahead of you. That's one mistake I should have done when I was earlier, I surrounded myself with people who are literally a million times better than myself. What do I think about Hashgraph? I answered that question already. Retrohouse, what's my thoughts on an electronium and icon? I don't even know what electronium is an icon. What is icon? I'll be honest with you guys, keeping up with what's happening in this space, it's difficult. It's really, really difficult. So I try to keep minimum time off of social media. I think social media, it's a tool, there's pros and cons to it and I think more or less it's a con, it sucks you up and you really don't get any value from it. I'm Razvan, thank you for all your videos. Thanks for watching and I appreciate it man, like I really do, thank you so much. Am I still following Matesafe? I'm not following them closely. They've been at this game for a long time. It's a big project. I want them to ship the product. How many projects do I see succeeding in the crypto space? Well, we can do a basic comparison. Startup world about 80% or so startups fail. This industry is super young. There's no real business models yet. Well, except exchanges and something. The technology, it's still very early, like first inning. I would put it very high. I would put it at like 95% or even like 96% will fail until the industry matures and organically figures out what it's used for as a technology. New business models are created or old business models are improved. So we have a while away to go before we see that happen but failure rate is high. From Patrick, what would I recommend to a developer trying to enter the blockchain space, learn everything? If you have good background in JavaScript, Python and C++, you can pretty much learn how to code on Bitcoin and Ethereum and just learn these languages and practice. Same thing like you do as a developer currently. Have I shared my crypto portfolio before or now? Is Cliff High a lunatic or a genius? I don't follow Cliff High, so I can't really comment on that. What's my top 10 books? Oh man, it's hard because which category talking about? I think it's really important for people to understand history. So anything by Will Durant, it's really important. I think people need to understand Jungian psychology and archetypical masks that people wear. So anything by Joseph Campbell and Jung and Arthur Schopenhauer. Business wise, favorite business books would be Charlie Munger seeking wisdom, J. Abraham and Felix Dennis, how to get rich or how to be rich. Then for health wise, health books, good health books. Good calories, bad calories, by Gary Tobs is really good. Rob Wolf's book is pretty good. And that's for the health space. Spirituality space, let's see. I like poems, anything by Rumi is really good. Or the other Persian poet, Abdul Qadir Jalani, I believe his name was. But those are just some on top of my mind. Oh, and also Jordan Peterson's new book is pretty good. Thoughts on Bitcoin price by the end of 2018. I'm not giving you the number. I think it'll be higher than what it is right now. What do I think about EOS? I've mentioned this a million times. I think it's an interesting platform. They have delegated proof of stake. They have a lot of support. And so I just want them to ship the code and I want people to build on it. And I want more competition in the space and I want people to think long term. So all the power to them. Tether to me is very dangerous. More and more it looks like fractional reserve, where they have probably like 5% actually in the bank and everything else is printed. Did I get married yet? No, I'm getting married this August in Croatia, third week of August in Croatia. How to motivate yourself for a high monetary and if so, freedom life goal when you already have quite a lot of money? If money, okay, so guys, if money is your motivation, you will always be chasing the dragon. Money is the worst motivation possible. Money does not buy happiness. In fact, Harvard did a study that 80K, if your salary is 80K or over, it doesn't matter if you have 80K, 300K, 400K, your level of happiness is the same. This is a fact, a scientific fact. So yes, it's true that underneath 80K, financial stress is there, whether that is medical stress, household stress, et cetera. But when you pass the 80K salary threshold, there's no difference going up. That being said, you have to figure out what makes you happy, right? What do you enjoy that even if there was no money in the world, you'd continue doing free of charge? And you have to find this thing that brings you as Joseph Campbell talks about bliss, following your bliss. What is something that you can do on a day to day basis that you just fucking love to do regardless if you're getting paid for it? And you'll be surprised that in a lot of times, people will pay you to do these things that you love. Do I think things.inuni are outdated? Yeah, I think it's slow to update curriculum. The whole idea for years to get a job when the marketplace is moving so fast, I think the whole educational model, it is completely flawed and broken, extremely flawed and broken. Am I freaked out about socialist system taking over Canada? Yeah, I'm not a fan of socialism. My parents come from Yugoslavia, former communist country. I hate communism. I hate socialism. So yeah, I don't like any of those systems. All right guys, I'm gonna wrap it up. Just wanna appreciate you guys being on here and talking with me. I will try to do more of these, at least once or twice a week. And so if you guys have any questions for me, leave a comment after this video goes live. All right guys, talk to you soon. Peace.