 Welcome back to Investor Intel at PDAC 2018 and pleased to be joined today by Oscar Joffrey. Oscar you are just on a tour right now called the Wild Wild West Tour. Tell me what that's about. Well the Wild Wild West Tour is really about the blockchain revolution and how it's really shocking the waves around the financial markets. Everybody's getting the frenzy of Bitcoin this and Bitcoin that crypto currencies and it's created a very cowboyish style of approaching how to buy them sell them and operate and like any type of environment like that you're gonna have some strays and we've we've gotten that to that stage now. So part of this tour is providing an educational framework about what's actually happening how to prevent it from occurring and how do we move forward because the underlying technology behind all this it's here to stay it's not going away. So whether the crypto currencies are going to zero or not which I happen to believe it's a lot of people don't you know you think that the blockchain is just a key key part of the internet moving forward. A hundred percent and and and even more exciting there's not just one chain there are different types of chains and each one of them have particular attributes that depending what the type of company you are that attribute could be enhancement. So and finally because of cryptocurrency it's accelerated the advancement of companies adopting it. I mean in many ways I agree with you a crypto is going to zero but in many ways what it did for the rest of the world it woke everybody up and saying wait a minute there's something really solid here and so from that perspective I'm excited look at cannabis right cannabis is perfect example where blockchain was a meant technology to be in and the federal government decided to build its infrastructure using blockchain because we know now that whatever goes in there is never going to get erased it's never going to get deleted. That's fantastic so it you know our audience our investors what should they be looking for if they're going to invest either in cryptocurrencies or in the blockchain. Well so there are there are two different types of investments occurring right now so if you're a currency player you're buying Deutsche dollars and so forth in American dollars keep playing it there's another ride about to occur in cryptocurrency so which means that you will see another spike and when that spike occurs I I'm not a particular but it will occur. We are determined that at that point the regulars are going to step in and say enough is enough it's time to regulate you it's done and the reason for that is because what people don't realize 97% of all the cryptocurrency in the world is controlled by a few group of people so they are in some ways manipulating the price very easily so because of that the regulars are only going to allow to certain degree so you have to be careful what you're doing get some advice you know is Bitcoin better than light or dash it's neither here or there what you need to get comfortable with this is pure 100% risk there's nothing backing it now the only one would be an exception to that would be Venezuela with their coin which is backed by oil the other side that they need to look at is tokens this is the other one that became a frenzy in 2017 over 3,500 companies went out there calling themselves coin offerings but they were actually selling tokens in their company so the difference between a token and a coin coin is a currency a token is an extension of the business it's a digital take you know piece that you own you don't even know in a piece of the company you just have a right to something what could it be it could be you get a share of the revenue but there was such a frenzy people buying and selling and the value of these tokens keep going up like in the stock market and the regular said whoa wait a minute were these people even qualified to buy I mean so there's the wow wow west side so there's a everybody is using this technology for all these different elements and unfortunately some investors are going to get hurt so rule number one if somebody's trying to sell it to you and it's in an offshore country which is most likely where they all are the likelihood that you'll lose is a hundred percent to that when you're asking what type of currency or coin or token they're selling you hasn't been registered with a regular and they go oh no no we don't need to run it so these are the big signs out there there are legitimate companies that are building that are selling their tokens and raising capital for their blockchain companies because there is a huge opportunity I mean we're just at the early stages of what this thing can do well that actually is my next question I'm a baseball fan so what inning are we in and the first of all in the crypto currencies and second of all in blockchain yeah that's a good question what inning right you know I would say we're just getting ready to go out bad okay because it because now we've had the craziness right and sometimes you need craziness in order to bring some conformity into a market so but along the way yes and and I'm saddened by this but at the same breath I I carry this forward that yes a lot of people lost a lot of money or they're about to in in this process but going forward we now know that the technology is the reason why they got caught as fast as they did so going forward we now have a foundation that everybody loves one thing about blockchain in general what people must they enjoy about it is that it's trustless it's immutable it can't be erased so you know that if it was Darren who went in there made that transaction it's you you can't lie so you're the process of getting investigated on it's go ding ding ding it's fast to what does that tell you now we build it into people's minds that I can trust this immediately I'm really glad you came in Oscar I'm sure we're going to talk about this further on upcoming episodes with investor Intel because it's awfully topical so thank you and look forward to talking to you again soon likewise thank you