 So I guess we got to turn this one this way What's up YouTube rotate your phone? You can't turn your phone while recording well. We had it Here we go. We got two more to go. Oh, no now. What's back? Mark Zuckerberg is trying to work on the metaverse. I'm like What is that it no matter what you do it rotate Hey, the reason crypto is not gonna crash because there's a lot of stupidity. What is that? What garbage is this? Okay? I think Rick turn off the geo thing like lock the screen. Let's do this way Okay, let's look here Alex What's up Twitter? What's up Instagram? We're on Clubhouse Twitter speaking. We're talking about right here Well crypto crashes. It's the top minus you probably see me somewhere on this on in the world Maybe you didn't like seeing me at but that's okay. We're gonna be that's fucked Yeah, I would just start over the Facebook one. That's a fucked up and delete it So we're watching the world of tag only monger says if it wasn't for the stupidity of other people You wouldn't be able to get rich. There's a lot of stupidity. I Message hasn't figured out how to do good groups like what's that even Apple stupid Slack has a horrible Mobile app. What's that doesn't sort by unreads? So we're talking we're gonna talk about DeFi and the whole world in this truck disrupt disruption. That's happening in the world in The crypto space, but don't think it's just happening there. It's also happening in just business and channel So my name's by Lopez. This is my business partner in a lot of my ventures. Dr. Alex mayor He's a smart guy. He's got a PhD in systems engineering and He now lives and breathes crypto So He's a physics guy. He worked for NASA I'm a college dropout, but occasionally I have good ideas So Alex, let's wait for Facebook. Did you turn us back ways to start? I'm gonna keep it that way Okay, that's fine. Just keep it one way Have you got to start it? What's up Facebook? Park Zuckerberg metaverse is having temporary issues Look at how that looks. It's crazy. So question first question for you Alex What's the most exciting thing for you in the entire world? DeFi of DeFi. Somebody says tie you got nothing tie. You're just a guru bitch. I own Radio Shack pier one Models dress bar and Steinmark We're the second largest hair shareholder where shareholders activists will and will amena models wheel and Ralph and Russo Shit, you're outdated bitch. You still talk about when I only had a Lamborghini. That's what people thought I bought my first business in 2003 You know money doesn't take a genius to buy Bitcoin and hold Yes, so you got your major coins for all of you who know I know we have I know all of you who already know about crypto Just bear with us for a second if you ever do anything elementary Like I already know that no shit, but for crypto to work the whole world has to adopt it I had some gun Twitter be like oh I bought crypto at 100 bucks. Well shit. I know people who bought it at 30 There's always someone newer than you and the whole point of crypto DeFi is DeFi Decentralization of finance. So right now. What's the problem in crypto? A few people control most of the wallets So don't don't get too high on your horse all you old-school crypto people who have been in it from the beginning I give you hats off as the great geniuses that you are, but don't think other people don't need to come in and Make it popular. You need massive option Or is your goal? The replication of fiat concentration fiat is concentrate 10 men in the world have more net worth than the bottom Four billion people is that a good thing? It's not a good thing study what the Jenny index is Well, the same thing is happening in crypto So the replication of everything that people didn't want has already come over so all of you people who have been in crypto I give you your hats off for your early vision But don't think that other people come in to talk about it It's somehow hurting you You know you should everybody should read the book crossing the chasm So a very famous book and it's about the mass adoption of anything and how it works It's a sight there you have early adoptee of pioneers then early adopters You have a chasm and you have the pragmatists that come in and then you have the highly conservative people who are last Now Alex, what's your most? What's the most exciting project right now? I already know the answer What would you tell everybody like I said those are on Facebook. This is my business partner dr. Alex mayor He's a smart guy. It's a PhD in Systems engineering and built rocket ships at NASA before becoming it. He sold his business for 300 million dollars Zeus two years ago right in New York Stock Exchange Bell me and him own a whole bunch of assets together real estate We just closed yesterday on 185 acres of farmland of about 1100 We're trying to save the world not just by sending people to Mars But also by healing the earth that we live in right now. It's my first business with agriculture. So Alex What's your favorite project? I? Mean I see a few names that I like I saw Avax Olympus FTM those I mean they're all you know blockchain projects FTM is Pretty looking pretty good polygon Matic Network used to be called Matic Network. It's pretty interesting I like the swaps. Yeah, I like the fight 2.0 projects like Olympus Lima Alex loves Olympus We've got a project. We're working on right now. By the way, if you're having to be a solidity coder We're interested someone said are you trying to sell me a course? No. No, did you notice this was free? This dude thought her Instagram live was a course. Yeah, I see avalanche some some people type mean Dex is our I'm gonna connect on your phone. Come follow me and I'll Make you a split screen. She's a coin. What do you think of the meme coins? For those of you don't know there's things called meme coins meme coins would be like doge What's the most pride doge is the most famous one? Okay, but now there's a new one There's a new kid in town And if you had put in like a thousand bucks some wallet put in a thousand bucks or whatever I forget the damn thing I just sent a request somebody put a teeny bit of money and has like one billion dollars in their wallet now I'm not sure if it's the if it's a little bit of my who knows It might be the person who it might be the original dude being the anyway We won't get into the conspiracy theories, right? Okay I don't see you Dave Go live in a room. Okay, they're there Let's bring Nina and Nina come follow me Ty's hair looks like a head and shoulders commercial Why it's just I had my hair up. I'm important Puerto Rico So Somebody wishes somebody wishes they could short she but would you short the meme coins? No? Yeah, cuz Elon Musk will destroy you Anything that Alex says they don't like you they want a pretty girl I went live with a pretty girl the other day and I was apparently more excited damn It's Facebook's way higher than normal. That's interesting one. No, no. No stars. I'm earning stars 1000 stars received. Well, what's 1000 stars mean one penny? Who's ever seen the office with Dwight shrewd has Dwight shrewd bucks? He's like one shrewd one thousand shrewd bucks is five minute break at work So what is 1000 of the metaverse? Who likes who's your favorite billionaire? Is it Zuckerberg no one seems to like Zuckerberg Elon Musk is who's the who's the most hated billionaire? How many billionaires do you think there are in crypto that don't want anybody to know they're a billionaire? Cuz they don't at least doesn't at least who does that people don't want to know Minimal cuz some because the way the US IRS is gonna come after crypto mark my words They're gonna come after crypto. You got to stay a little bit over. Yeah, yeah, and If you're an American citizen It's gonna be a son of a bitch if you all said if last week last year you were delivering newspapers because there's quite a few billionaires Potentially that are like 16 years old in crypto So if they go from delivering newspapers two years ago and all of a sudden they're flying to high school in a helicopter The IRS is gonna be like where did you get that down money and they're gonna charge Somebody's gonna get in trouble by rest. So there's a lot of undercover billionaires in crypto. They're just Laying low okay I'm stuff mood saw he crashed gold. Is this you're talking about in history. I'm a right now. Who's your favorite? Now crypto top I Get haters on Twitter like tie you called the top I'm like, what's your definition of the top cuz I did my first live stream of crypto in August 2017 and Twitter was around I'm Twitter Bitcoin was sub $4,000 and Instagram at God damn it ETH was like 290 Now, what's the ETH right now 45? 4400 So if I call tops shit and let there be more tops like that let there be more talk my recommendation to everybody in 2017 and See people said oh you stopped doing all your YouTube and Facebook dude I got blocked YouTube and Facebook completely blocked anybody who was running ads about crypto. It was crazy So now we can talk about it. I've been busy the last two years just buying companies mainstream companies We're we're turning Radio Shack into a blockchain company The original American tech company hundred years old. We're turning Franklin Mint the most well-known collectible company in the last 60 years. We're turning into NFT play So we've been buying legacy brand brands turn and worry Pivoting them into this new world of tech slash someone says dogecoin is for noobs Shit you calling. I don't know is he almost a noob I feel almost as a new how do the real question then is how to can I become a noob? Yeah, Todd Okay, what hardware wallet do you Like Alex. I actually don't use hardware wallets. Yes. I think they they are more likely to fail honestly Yes, and there are horror stories of hardware wallet failure failure. So how you look like Johnny Depp on the speed That's a half compliment. And then you had to take the Look like Johnny Depp You're like Johnny Depp, but so what's your let's talk about? Exchanges centralized exchanges. Yeah, let me I'm gonna give you all the beginner stuff and Alex likes to speak in PhD talk So you have centralized places to buy cryptocurrency. I think the most well-known by far is Coinbase, right? It's centralized then you have Decentralized, okay. What's your favorite centralized? Coinbase pro is good pro not the normal coinbase the point based pro Yeah, the professor has spoken about coin based on by the way, if you disagree with us speak up speak up Well, I can handle it. I got thick skin Any of you once you get over about five million social media followers, you better have thick-ass skin because all the 120 pound dudes in the world that are five foot four Come in their basements and they're like I will have revenge on all other men who have women or a Lamborghini So I will get you back with my fingers. So I have thick skin From that. So who disagrees with that? Somebody's pro. Somebody said why pro the fees are lower. He's right. Just side-by-side try Is Robin Hood good? I haven't I haven't used Robin Hood Small money, maybe but I think if you have Dr. Alex mere money He sold he sold this company for 300 million bucks a year is pretty solid Product like you can not improve on by Nance somebody by Nance is good, but if you're American Yes, okay different store someone said tie made up 1.4 million from your Airbnb course with Braden. Good job nice My top student I was talking to today. I don't even want to say because I haven't verified it But he's been making a lot of money For three years this year. I think he said he made 355 gross million He's a baller Occasionally all you that think my courses don't work all the time I have to hire somebody to collect and bear I had a full-time lawyer verifying all the testimonials All right, I'll put my hair back up all the men. Oh, yeah, I'll put it back up I'm in Puerto Rico. So it gets curly Someone says you can use a VPN and use by Nance. Sure. I mean, yeah Whatever coinbase pro is good. I haven't used by now. So I don't know. What about Gemini Gemini is good German is good, but he has a lot of caps on it. So you can't I mean, maybe you can increase the cap or whatever But I it's just so low. I can't use it. Crockett is good Crack it crack it Crockett Okay, let me let me be use let me bring somebody up who coin is good for coins that are kind of like not available on Coinbase. Yeah, you know Alex is a little bit like my brother Jacob He's so much an introvert and goes in his own world that he doesn't always know how to pronounce things But he doesn't know a lot about him My brother Jacob used to grow What's up? Who is this? What'd you say I'm harder to get a hold of than the president So do you think what's your name again? Zach, man, you invited me to your house, but you live in Beverly Hills in 2017. Awesome, man. Are you in the crypto world? Yeah, you I came to your Bitcoin panel. Oh nice. We had a good discussion about XRP So what let's talk about XRP XRP Alex, let's talk about it. You too talk about Alex XRP is a coin That is one of those coins talking about talking about forever and how it's gonna change the banking world and any banks use I heard Asian banks use it. What's what's your take speak loud cuz I'm gonna put this up here What's what do you think of X bar XRP? I like we talked about the house. You're saying like, you know, it's it's more centralized So it's all the banking coin and people are always saying like oh, it's a centralized coin in a decentralized world So it doesn't belong my thing was tie, you know, I made, you know 1.2 million off that in 2017 mainly because when I found that they got their virtual currency license Out of the state of New York to be in beta testing with some of the world's biggest banks Like in UFG, which is I believe the Japan's and world's third biggest bank Yep, so where when they were beta testing with them, you know in Santander and all kinds of other stuff That's the reason why we're having progress We're gonna press that XRP, you know is more governed And it's more the banking coin. You have like Bitcoin cash Okay, which is like a centralized crypto. Yeah, but I think XRP is probably gonna be the banks coin I mean you have X rapid X current. I mean you have these other payment protocols in the X and the in the ripple network So and it's still withstanding and obviously when you look at the prior high, which is like just below four bucks and It's still pushing volume. Obviously, it's it's gonna reach Look at you look at the world's most like all the world's money, right? It's like a hundred trillion Yeah, you look how much money's in crypto right now. It's only like three trillion Alex What's the damn? What's the supply of money right now? Have you looked recently? Like a hundred billion or something. No, no, no, no supply of money like we're turning like It's like M0 I can look at M0 of 10 trillion. I think so. Yeah So there's various ways of measuring global economy You can do global net worth which includes real estate that becomes a crazy number like 300 trillion And then there's various measurement. Okay, dude We'll have to connect. No, they're not planning somebody's just they're planning to Yo, this message me in my DM. I'll shoot you my email. Okay, let's talk more man I haven't talked to you in a while bro. So good talking to you man. Yeah, I gotta get going. It's late I'm about to go to bed, but hey, I appreciate you getting on the video. It's good seeing you dude I love the air. Good seeing you man Okay All right, I'm out of here brother. Thank you. I don't even know how to take people off anymore But there we go. He took himself off. Someone said he they think Cardano is headed in that dirt What's your take on Cardano? What do you think of Cardano? Monera all of the XRP these are like light coin Bitcoin cash these used to be at the top I mean there I mean like when I looked out of a 10 billion market cap Why do you think why is? Light coin at 10 billion. I have no idea It makes no sense It's at 13 billion. Yeah, it's like 10 million. Okay. I have a question for everybody here All your geniuses are way smarter than us. Why is light coin at 10 billion just Come on Twitter. Twitter has all the geniuses People are sleeping on XRP. Somebody says do you think XRP will become the banking coin of the future? No, I mean he had all the time in the world to do it Gotcha Someone said light coin is the silver of crypto. Yeah, that's what they say, but silver has some like usage like for example necklace Even if it's just decorative the Spanish Empire was built on the silver mines of Potosí Bolivia I've been there the Spaniards came. I believe those the 1500s they set up mines for silver and they took some silver out of the out of the ground They killed all the Indians all the native Quechua and all this They said they could have built a physical bridge from Bolivia to Spain with all they pulled out of the ground over whatever Century or two and silver has some actual usage. It's a malleable metal when you heat it and blah blah blah Of course, it's decorative and so on and so forth. But what is light coins? usage nothing it is just like Bitcoin Yeah, the different version Okay, that's fine. That's okay something look currency fiat currency. It's based upon confidence All right of the bearer and the person who holds it It's confident if you go back to Medici times I mean when the beginning of modern banking and currency is all built on confidence So it's okay if dogecoin is only valuable because other people find it value, right? But just realize that can make a volatile things that now let's talk about things we think have utility Alex What is something you like? What's a project? I like a lot of dexes. I still am very bullish Okay, so one inch is one that I really like these are decentralized exchanges Yeah, you have your coin basis, which are your centralized finances kind of its own special conversation. Yeah One inch is a dex aggregator So it sits on top of decentralized exchanges and finds the best rate and divides and makes them a best flow. Yes There's a quick swap. I really like on polygon network Uniswap is obviously the big guy. What do you think of sushi sushi is great? I mean it passes trading fee What is that sound? I don't know passes Oh someone on speakeasy needs to mute themselves go ahead Yeah, so it's passes or trading fees back to sushi holders and what they call a sushi bar. It's pretty awesome It's like I actually ate sushi who's confused Between sushi sushi dot com does not take you to what I ate. Where is the damn sushi I had look? I've got something if you go to sushi dot com You will not be able to buy wasabi. This is what's my wasabi thing Sushi dog. Let's explain explain because a lot of people still thinking fiat, right? Okay, fiat by the way for those of you who are super noobs That's what they call you by the way all the awesome people in crypto that are so cool They call everybody else noobs. Isn't that a fucking passive aggressive thing or crypto world Crypto world wake the fuck up if if you got and a lot of you try to pretend You're not in it for the money, but if you really want to make money Okay, I never believe people that are like I trade coins but it's not for the money I do it for the the altruism of trading my coins bitched and give all your money away Don't try to fucking fool me so but anyway for those of you who Want there to be mass adoption and change in the world you can't be calling people noobs unless you're a dickhead If you come to the gym to work out and you're out of shape I'm not like yo bitch ass weak lean come work out with me. Nobody wants to work out with you so Crypto like I said it's full of people with a lot of insecurities and mental illness Some of them geniuses, but a lot of them are very insecure. So if you are new to crypto I will call you a respectful name. Okay, it's okay to be new to something It's okay. You know who was new to building cars? Elon Musk and It ford's like, oh you fucking noob to car building. He's like bitch. I destroyed you so be careful all you noob Callers you may be destroyed by the new entrance into the game It may be destroyed NASA. Oh, it's like who's this guy? That's gonna build a company SpaceX We've been doing this since the 1960s look at this noob and SpaceX is like can figure out what they never did So I know all you a little bit cocky But you know chill with the noob thing. So going back to this there is a concept Called a centralized exchange and what people generally use this for is to buy crypto with us dollars Okay, yes feel it on rap they call it fiat on rap fiat is an old term Related to what people used to call currency us dollars. Okay So if you have us dollars and you want to buy your first crypto generally You're going to a central exchange an example of that is coin base or Gemini Made by two twins who started Facebook with Mark Zuckerberg. Okay. Now. There's something else these decentralized exchanges Perform they're generally used a by more advanced people like my mom does not start You know she starts a coin base right now Alex for somebody who's watching What should they use for their first to move from a coin base to a Decentralized exchange. Yeah, I mean the good news is now there's a there's an exchange a swap function built in metamask So yes for those of you guys who have been buying crypto in coin base Step number two for you is to install metamask in your Chrome or brave browser either one of those and Just send if from coin base to your own metamask And then there's a swap function on a theory of network That is a that is a swap aggregator meaning you just say I want to exchange my if for blah blah token You know and then it just goes and finds the best rate gives you a code You see you say approve pay gas and it is swap. So it's like that's step number two You don't even need to go to a Swap to make that happen. So I said tie you've gotten weird man You know what I always say whenever people say tiger weird. I go Einstein had the same The thing about smart people is they seem weird to dumb people So there's I may be weird or you may just be dumb. There's two options in that equation So that's why I don't call too many people weird because I'm like, maybe I'm just stupid and they know something I don't know Okay, so you can swap things and this is what people do metamask is probably the second place a person should learn Like if I was training my mom, yes I probably start with coin base because coin base has like customer support, right? Which we're God password. Yeah, I know for God password Okay, you got to be careful on things like metamask if you forget your password You're gonna have a bad day, you're gonna make a million dollars and cannot log into it Okay, just so you know so it's a real thing. How much money is locked up that people can't access Google it real quick There's some hilarious number. I mean, there's it's not even there's I knew a guy who flew to England and he had Business partner who had I forget what it was. It was like 40 million dollars and could not find Unlocking so they flew I was in England and the dude flew all the way there He had there's like a phrase just so you all know so it's crypto decided to use a more complicated concept than a password Metamask, it's a private key. It's private key More than 100 I mean that is hard to know because how do you know if a wallet is inactive or the password is Private keys lost. There's no way to know. Yeah, how do you pay taxes on metamask gains? Well, this whole world of what the IRS is gonna do it's gonna be very confusing It's gonna be very complicated because if you've ever watched Congress people they're like 6,000 years old and they have a hard time like Logging into an iPad. Yeah, that's the plus is the problem is Things don't exchange for fiat. So there's no cost basis There's not I mean, it's a very complicated concept for those of you don't know much about taxes You have your cost basis in something that generally means that what your post tax dollars you put into something So let's say you have a salary you make a hundred grand in a year after taxes you have seventy thousand dollars Let's say you had no expenses Magically and you put all seventy thousand dollars into buying a house for example Okay, and then you did a loan on the rest that seventy thousand you injected in was you'd already pay taxes on it That establishes a tax basis So if you eventually sell the house for a million bucks Not all of it is gains because the way the IRS does it is the seventy thousand you put in was non-deductible when you put it People are confused about that. Yeah post tax dollars put into an investment are generally not tax deductible unless there's complex things like Depreciation certain things in the United States you can massively and do something called accelerated depreciation But as one of my mentors told me don't forget depreciation is an actual real cost So sometimes people like oh, I get depreciation. Well, you get depreciation on things like houses and buildings and equipment that do fall apart So anyway Yeah, not to get too complicated, but Meta mask is is Step two so to new people and I gotta call you noobs By the way, everybody's a noob compared to whoever is the genius who came up with the initial Project which nobody knows the Satoshi guy So there's everybody's new in this game of money and one day your great-grandkids are gonna look back and be like shit You thought all that stuff was good. They're gonna have they're gonna be quantum computing That's gonna just make everything. We're doing now look stupid So that's why I said all of you who are been in the game for a while who have that kind of mentality Have a whole language of talking down to new people like fuck people and talk down to your ass, too You're gonna look pretty stored, too What do I think about Jeep GameStop and AMC? That's a different conversation Show me the bookshelves I am in Puerto Rico right now. I left California to our taxes And other problems Satoshi is the Federal Reserve. Do you believe in that conspiracy theory? Who believes so Satoshi is this name for this person who theoretically came up with Bitcoin their original kind of white paper and but There's many theories as to who this person is Who's the dude who claimed it was about him? Remember that guy this guy? No, no There's a few people that have claimed it was them. There's other people who say it is the US government What's another theory somebody has Who is the originator Craig Wright is the one. Yes, Craig Wright says he was the one Craig something Satoshi is that CIA experiment. I doubt it. You know smart you have to be to come up with this CIA Don't have that level of horsepower. I don't believe it Unless they had maybe they had blackmail on some genius and they're like you have I've heard people say it's Elon Musk I Don't know I doubt he was slow to jump under crypto. Yeah, so thoughts on safe moon Yeah, I Wanted those that took off big-time speculative. Yeah, I won't wait to think of it. There's two types of Crypto or blockchain projects specifically coins their tokens There's Kind of crazy speculative ones that nobody knows why they exist and their value will because other people and then other people think They're more value. That's called the greater sucker theory Warren Buffett speaks on this. Okay Number two There's ones that have utility. So somebody was talking about matting or if if You have a theory of the blockchain, then you have ETH, okay? you're the native and On that native you it has a use that if you kind of pay it To run a process, right? I'm giving you really simple So like NFTs if you bought a piece of art that was an NFT You're gonna have to pay a little fee and so that kind of coin has a value or more likely to have there are Transactors you there are transactions that happening during some Commercial activity so buying an NFT is a commercial activity and the transaction cost is paid in So that's but there's other types there. There's other things right now. They call these the gas fees Okay, um But there's other ways of Transacting on a blockchain not everything has a gas fee and for those of you who are big this talk is more for beginners So we're trying to break it down and make it because we believe unlike most people Who talk down to newbies and some people say we're noobs, which is fine I always like to be underestimated. You know what the art of war says Sunsup when strong appear weak When strong up your weak When people are like all time You faked having the Lamborghini in order to get a lot of I'm like great if that's what I grab I have my first Italian car in 2006 But I didn't want to tell people that Because the controversy was good for me got me nine million followers fuck this dude, but I will follow them Those free PR greatest PR on earth is to have people speculate now people speculate if I'm on steroids That's a new thing on right. I'm like, bro. I ain't that big looking. Does this look like I want steroids? By the way, the greatest compliment men give men in their semi Well, I won't say that but Men on men love is to accuse you of being on steroids, but it's great To have When strong up here, so let's just pretend we're absolute newbies Let's pretend Alex knows nothing about crypto and we're trying to explain it to most people who have nothing You basically have one set of coins It's highly likelihood to make you lose a lot of money and you have another one that's supported by utility something Ethereum or ETH, right? Yeah, ETH going down Probably won't go to zero because a lot of things use it. Yeah or provide liquidity in liquidity pools for other tokens Yes, so he has a lot of let's talk about that. Let's talk about For get a little more advanced trying to keep simple here this guy All the geniuses don't need to be honest because they think they already know everything, but Let's talk about liquidity pools, right? So liquidity pools is a little more advanced concept because you have to know ratios a little bit and they need to understand stable coins Let's talk about stable coins first because you need kind of need to understand stable coins to understand liquidity pools so what's the most Simple way to explain a stable coin. It's generally tied to something that is pretty stable Like the US dollar so you have a variety of stable coins some centralized like tether and Some these that's the most well-known and then you have some decentralized Which would be more like die die is very calm. It is a very common now It they can't really go down because theoretically they're tied to the US dollar Yes, they're they're pegged they're pegged so they fluctuate around the dollar But there's a mechanism so all of them have a mechanism that brings the price back to the dollar now It doesn't mean that that mechanism cannot malfunction Yes, but Generally speaking the big ones have been good at maintaining peg even in the worst time or you call it Parity is another word. Yeah parody means they're kind of on par with the US dollar now For those of whose feels confused. It's okay to feel confused okay, okay when you have When you kind of understand this concept now you have something called liquidity pools Which gets a little more complicated, but still easily understandable and it's important that you understand this if you want to understand the future of Probably or at least we're crypto blockchain is going right now in the world of DeFi. So What's the simplest way to do with the pretty boy you have a basket Do I have a basket anywhere? I need a basket and inside of this you put something That's kind of tied to the US dollar Okay, stable coins stable coins. Okay, let's just say USDC, yeah USDC Whatever now you can also put something else in there Can also put something else in there and you don't somebody said tie. We're not that stupid, bro You probably are the one I have learned as Shakespeare said Val doth protest too much the person who tells you ain't stupid in your life If you're dating someone and they tell you they don't cheat and they talk about it a lot now dust Protests too much They're the one cheating on you if you get some girl. They don't I I always am loyal Oh, I'm the lawyer one in there. No, that is not how it works What Shakespeare meant by doubt doth protest too much is the person who's saying something Because we live in a world. I'll tell you crypto by the way is the biggest virtue signaling world I've ever been in almost San Francisco venture capital followed by San Francisco venture capital. We just want to say that we're all we're just here Crypto people. Oh, you see us. We're just doing this for the good of mankind Meanwhile, we fucking try to pump and dump shit and try to short-term trade so back to this Liquidity pool you stick something that's kind of like a US dollar. It's not but it's pay You put something else in there What should we give an example? Uniswap tokens. Yeah, sushi sushi. That's sushi. That's one of your favorite projects Olympus, yeah, so let's say except the thing I got Olympus. Okay Now now you got kind of two things in the same thing Right now the ratio can either go one way or another People can either pull out The USDC well, yes and deposit Olympus Olympus or they can take out the Olympus and Now the ratio switch this way. We need M&M's We need M&M's that we could show this. This is not a natural and so What's Olympus somebody asks on Instagram? Olympus is is a partial reserve Now we're gonna learn more advanced. Yeah Okay, you can call a partial work reserve. We have our own term internal term for it. You have something a clima Yeah, we can try that like So liquidity pools Alex walk people through. Yeah, somebody comes in they withdraw Yes, but say I'm sitting in token. So yes, let's say it's USDC and Sushi as an example So you deposit USDC if you want to buy sushi and you have USDC USDC is US dollar stable coin You deposit USDC you take Sushi out and when you take sushi out the ratio to USDC to sushi goes up was left in the bucket That means that increases the price of sushi For the next person for the next transaction doesn't make sense on the opposite of it. It's true When someone sells sushi It means they dump the sushi inside the liquidity pool and pull out USDC Meaning more sushi fewer USDC. That means lower price for sushi doesn't make sense Yeah, so that's the mechanics of most of these liquidity pools now. It gets a lot more advanced Yes curve. There's like balance or and there's other more complex but concepts like bonding staking so on That's not important. If you're a beginner for now, but you should start like wrapping your head around this because Staking is not that complicated. You have somewhat comp. You have some things that are controversial Like hex where you can stake Okay, someone says this doesn't sound very beginner. I don't understand what you're talking about. We already lost people Okay, that's okay. And you always want to be in a room where you don't understand everything that's being said That's the growth. It's kind of like you want to work out with people that can lift more weights than you What is staking Felix ass? Ah, let's use example of hex, which is a somewhat controversial You know, yeah coin here. So so staking is just a smart contract So it has to most most I mean every every one of them is obviously can write whatever you want but Most of them have a stake function meaning you deposit your token to the smart contract It's no longer in your wallet, which is something you cannot do from coin base, for example Yeah, let me explain this because Alex is a professor So someone's already lost. Let me do it in dumb dumb terms Sometimes people think I'm a dumb dumb because I tell things to people in a dumb dumb term. So that's okay I like people thinking I'm dumb You know when you go to the bank and they offer you to do a CD Okay, and what they do now CD don't confuse these because they're legally different a CD has FDIC a Guarantee, okay the federal depository insurance corporation. So Bank of America is different, but the concept You can take a thousand bucks deposit in a CD in a sensor staking it with Bank of America and what they do is they say alright that money's locked up For you can do a year. Let's say CD at Bank of America Now in exchange for that they will give you a higher interest rate than if you just keep the money in a liquid checking account Okay, if you pull the money early, they penalize you so in crypto There's this concept of staking which is somewhat similar without the FDIC and sure You put your coins come out of your wallet okay, and You stake them and you say you can have them for x period of time in exchange like on hex. What is hex giving you? 40% a year, but if you take the money out earlier Now we can bring up the concept of what 3-3 is Would you see a lot of people I saw today Tim Ferriss posted 3-3? Everybody everybody all the people yeah His hex a coin it is a token it is a token explain that every should be able to be in tokens and coins one's a native Yeah, the native. Yeah native currency of a blockchain is a coin. Yes, and A token is an is it like for example an ERC 20 is a token meaning it's a smart contract Written on top of the blockchain. So the native is called a coin piece a token is a smart So if is a coin on the Ethereum blockchain Yeah, but you are tokens that sit on top of this Ethereum blockchain and they're called tokens. Yeah, okay, so it's it's it's fine You can use both people use them interchangeably, but if you wanted to be you know, super genius sounding you it's Scotty Clippin says don't invest in crypto Okay, fine Someone said for sure we are near the top, okay Will crypto crash is this the top last time I talked about crypto or the first time it was at 3,500 Bitcoin now went to 66,000 Recently in the last 30 days somebody says do you yield farm? Yes, yes, Alex is on Alex is a Gunslinger in this game, okay Alex is a gunslinger is three three a token. No, no three three is kind of a conceptual game theory You know what kind of people who say talk about three three three really understand very few I It's okay, it's from like a games theory concept of what's good for the goose is good for the gander Everybody if everybody does it we all win and if people don't it's like Symmetrical and asymmetrical winning so for example a three three for example would be In like it is it is a symmetrical winning meaning if all of us do the same thing we all win, but if One of us doesn't do it. It takes away from others. So that's kind of the concept I'm trying to think of an analogous concept like we're dating relationships. Maybe you have this kind of Concept of humans there's two types of humans if you talk to an evolutionary psychologist like Dr. Buss my mentor you have hawks and doves It's otherwise known as exploit exploiters and cooperators. So in game theory, let's say you're a guy and you're dating a woman There's an asymmetrical relationship in the last 2,000 years between men and women Because a man doesn't always know if the baby that pops out is his because there used to not be DNA tests okay, so And this of course will be controversial because you know I'll talk about these things anymore, but a Man has this kind of asymmetrical war as a woman never has to worry that the baby She gives birth to is not hers So there's an example of kind of a skewed Sample set or a skewed relationship between men and women and that's why the way by men If you ask an evolutionary psychologist, that's why men are more violent in relationships when they feel cheated on Okay, somebody says Ty always goes back to dating. That's because that's the one thing everybody understands everybody's fell Love been in love for the most part The US government for example does not have fiat money is not like that. So for example We don't all need to fully participate In our there can be defectors. So a defector would be someone for example pays no taxes Okay, they're not in the only way you catch a defector is for the IRS to basically People the idea in cryptos is going to be a more. What's the word? Decentralized. Yeah, but decentralized but also the intro boss resilient. Yeah, even altruistic Yes, and so this 3-3 concept is a Mean now that people talk about we have a whole new one 3-3-3 Which is going beyond three But the idea like for our example These liquidity pools have that element to them. Yes. Yes So I mean give an example in a liquidity pool of the 3-3-3 game theory concept Yeah, so I mean the biggest advantage of a lot of new protocols. So it's like liquidity pool that type Explained a lot of times and liquidity is provided by other people not the protocol Which means if there is a scare fear in the market Everybody's dumping and also people are removing the liquidity at the same time the token crashes big time because the liquidity is going down People are dumping at us. Okay, so in defy 2.0 The way it works is that people created liquidity, but then they hand it over to the protocol I mean, yeah, but there's also concept of Treasury. Yes, we didn't talk about it yet. So you have The staking but you also any of liquidity pools, but you also have This Treasury concept and the concept for some of these newer protocols is that this the actual Treasury supports Has a support price built into it. Yes, so that things can't go to zero. So there's not a full run on the bank So give an example of that for those who are Following if you feel lost, that's okay. Yeah, so I mean it's it's I would use the public company Example actually so public companies have this concept of book value Meaning if you stop the operation of the company and you liquidate all the assets Okay, you can recover. Let's say 10 bucks per share Just from liquidating the assets of the company because maybe they own land and land and office building and equipment and you know Whatever and they have cash on a balance sheet So that's like they call it a book that and then it normally trades not always it normally trades at a premium to the book that does okay, so it trades at 30 bucks and there's a floor of 10 bucks which Hypothetically shouldn't go really below that because somebody would just buy the whole company and liquidate it I mean very occasionally things trade below book value, but that's usually an impairment from things like Closely held discount an insane owner Can cause that yeah, this is a stock market, but So yeah, the idea in these new protocols is how do you create book value? Create a book value and that's where the concept of a Treasury comes in It's pretty cool. I mean a lot of this crypto stuff is replicating kind of The Federal Reserve that is in a hopefully a better way because the Federal Reserve has problems. Yes But it's very similar. It's just it's decent. It's a protocol How do they coordinate their buy-sell crypto activities in liquidity pools and 33 so the idea is there's no central coordination There is no so it's idea Those are completely decentralized anybody at any time can deposit or withdraw it That's what capitalism supposed to do right that Adam Smith had this concept of the invisible hand So the invisible hand means you don't need a central government like Soviet Union had right So when you said who's coordinating it, that's you don't want somebody coordinating Except you want kind of the neural network of you the human collective brain is the concept Yeah, it's very capitalistic in many ways Yeah, it is. I mean it's pure capital. It's pure. It's very libertarian and capitalistic. Yes, both Because a centralized system like the US government you have actual People saying Janet Yellen or somebody like that who's like, oh, we're gonna raise interest rates or we're gonna hold it now Of course, it's not the US government is more complicated than that, too There's no one person who can completely move the market, but it's definitely more centralized Yeah, but there is some problems in crypto in that it's still mass hysteria because there's not enough people in it That that creates a problem because when you don't have a large enough sample set of Participants, then capitalism doesn't work as well. Right So it's getting that these are long complicated conversations. We're trying to take complicated things Sheba is growing. He wants to be like his brother doge How many do you know the fact that so many people talk about sheba in a coin that has no fundamental it probably means But everyone said that about doge Mila must came and I think it's kind of topped off already What's doge Yeah, I know but I mean why would anybody use she was like it Like I said, I'm gonna lunch Lexi swap my dog Let me tell you something you who here has ever played the game Where you go in a circle and there's one less chair than there is people and What you do is they go everybody go and you all run around and then they go stop and One person doesn't have a chair. What's that game called? Musical chairs. Thank you musical chairs music ducked out goose music. No musical chairs Some of these coins are a little bit musical chairs Okay In general, I don't recommend you do musical chairs unless you're willing to lose all your money But sometimes you can make money in musical chairs because sometimes when you run around and you sit Bingo, you got a chair, but if you keep playing musical chairs long enough You may end up poor and homeless in this game So what you're looking for is what's a game in the crypto world that has a better chance at surviving? Somebody said sheb is a bridge for some to get in the market for sure. So is doge coin. So is light coin So is a Bitcoin cash People came in through all kinds of things auger I mean people came in most people got into crypto because their buddy was like, oh buy this thing By this that's how most people do the stock market tip Somebody said cake calling is around 90 million market cap go buy cake Cake cake cake, but not with a K. I'm not recommending it one time I read off a comment and people were like see Ty recommended it. I'm like bitch. I was reading a comment She goes rated number nine of all crypto or something Good We're less interested in it's fine people gonna make money in that we're less in we're more interested in stuff We think have fundamentals. We're working on a project Which is basically we think has a lot of value Just to the world to people who own it and it's not a it's not a mean coin Right, you know, it's not a hero. It's not a hero my garage point It's a real coin. It's a knowledge a universal store of value type coin That yeah, it's fairly complicated. We're not gonna explain it now, but it'll be out in what do you think Alex three weeks Three weeks. Okay. We maybe maybe you looked into tell. What's everybody's favorite coin? Lightning Network somebody said That's a network. Yeah, that's the word Luna Luna's good. I like Luna. What do you like about Luna? I like partially collateralized stable coins. Yes. Yeah, so there's there's stable coins that are basically fully collateralized more And then there's partial Yeah, there's over collateralized. That's died dies over. Yes It's not very capital efficient It means you need a lot of collateral to generate a tad bit of stable coin It's kind of like gambling in Vegas If somebody is favored to win you have to bet a lot of money in order to win a little bit, right? That's kind of like the com the concept of you have these analogies that never crossed my mind. It's an interesting analogy betting on like if you know if Fed or a million ankle or a Who's your favorite fighter George St. Pierre was finding a fighting, you know a random person a crypto person I've lost all muscle mass because they're like in the basement but You would have to bet a lot of cash on George St. Pierre To win like $1 of him fighting an amateur fighter So but that's not a perfect analogy about but but partially collateralized state coins So explain why there are partial So that you don't need to lock up lock up. So basically this is You know blockchain, right? So you need to lock up collateral You means a user Users need to lock up collateral on the smart chain to generate a smart point to stay to generate this Stable point. So if it is over collateralized like die You need to lock up a lot of ethus to generate a why do people want an over collateralized safety safety Yeah, exactly. So an example of that I mean the way the US used to be you had a circle if you go back a century you had backing with it gold Okay So that's it but banks even now they don't have to keep all the money that's on deposit in reserve There's a ratio and that's actually set by the government. So somebody said now you're an expert on crypto lol You spoke crypto wrong I'm not if you can't spell crypto, you're not allowed to talk about crypto Believe it or not Nobody is an actual expert. I have I've been friends for a long time with the co-founders of some of the biggest, you know Blockchains, nobody's really an expert. It's a big game. It's like being an expert in business You know, you just know stuff and some stuff. You don't know welcome to the world Roy McDonald was the first one to get you into crypto Somebody said they're hodling doge till it's literal launch to the moon in April. What do you think? I don't get the main points man. You're talking to a logical actor You're not gonna get Alex to really do you buy don't talk to Alex about if it's named after a dog I don't buy it Yeah, but you like sushi's named after food. Yeah, that's right. I like food. I like pancakes Alex doesn't eat dogs So if you name your coin over a dog Alex is always hungry because he's a Virgo all earth signs are always hungry So he likes sushi because it's sushi.com pancakes who are pancakes while Your best bet to get Alex to buy in his name it after something he's hungry for do you know about the singularity API? No, somebody said why you're blowing off. We're not blowing off somebody's gonna make money and doge coin Somebody's gonna make money and it's cheap. That's not how we're not be just saying we don't make you there's a concept in in Logic called bounded rationality. You can only know so many things so You know, we don't we can't know one person we bound our rationality if we'd rather know More about coins that we think have long-term utility This guy says I'm four thousand percent up on doge, and I'm not doge, and I'm not bragging But it's my proudest investment so far. Okay, that was good. Just make sure you lock some of that in Yes, take your cost pieces. You may want to take the leash leash your cost basis now. You're playing on the on the house, you know What about file coin file coin is good file coin is The token at the coin that powers IPFS. It is basically Storage space on the blockchain all NFTs are stored on IPFS somewhere. I think they are so I think all of them are So that is basically where you store a an image You know it gives like a blockchain drop box concept. Yes, it's drop exactly. Thank you. You're all You explain things way better than drop box. That's why he's the professor, and I'm just the lowly college dropout When you call a dropout you get to speak to the people Alex gets to speak to all the people who consider themselves geniuses, okay? Somebody said Tron. Let's talk about Tron a little controversial at one point. Maybe still controversial Initially used as a it was supposed to be a YouTube before you to competitor Decentralized it was a controversial founder. He was in China, right? Wasn't the Tron guy didn't he pay Warren Buffett for lunch? Was that the Tron guy? No, Eos is not That's like more like Brock Pearson those guys look up Tron Founder Warren Buffett lunch and then Warren Buffett didn't want to do it and then ended up doing it Okay, so Tron what's your thought on it now? I mean it's an interesting concept now. He pivoted to a what's the new pivot super super fast Efficient blockchain, so those of you who are new there are Problems that people bring up in various blockchains a they can be slow Congested and cost money, right too much like some people when you send a thousand bucks to somebody else and the gas Fees is a hundred and fifty bucks. It's pretty traumatic Versus if you wire people money your bank card charge you ten bucks, so there's still problems in the Blockchain world. It's not done. Justin. Um, that is compound. I like compound I mean, it's one of it. There are two big dogs compound and all day. I like both They're lending platforms. I mean in this in finance the big it biggest function is lending obviously So, you know decentralized lending has to be a big part of the fight and these two are the top two By far polka dot polka dot is interesting a lot of people talk about polka Yeah, it is founders of the tier one of the founders of the theory. I was I think five founders of the theory I'm friends with two of them and Explain polka dot. What's the simplest way it is a faster proof-of-stake? Blockchain compatible is compatible Compatible with multiple blockchains Blockchain, so yes, because some blockchains. There's blockchains that have never been used Or hold hardly everybody anybody's ever figured out to use them There are blockchains that are used all the time These are the ones that people are trying to prove the point improve upon generally being a theory Yes, that's kind of that everybody wants to improve. They're not trying to improve on eos or something Okay, let's see Wait until the blockchain goes quantum. Yeah, that'll be a big deal in general Cardano, ADA Alex can't figure out Cardano Yeah, it's just it's just so much hype and I don't like honestly doesn't have smart contracts yet They were supposed to have it. I mean this day and age if you don't have smart contracts, you better your name better be Bitcoin So it's it's a weird one to me. It's a weird one Investing in NFT video games NFTs are used a lot for video games Yeah, a lot of motherfuckers play video games. Yes That's one. I don't quite understand Yeah, well, I mean I get that one video games. Yeah, you don't play video games. Are you? Yeah, I did two when I was 12 Got shit to do. I don't know what people get all the time. I got fun stuff to do man No, I hate on video game people. I just I know a dude Friend of mine who made so much money and this fucking guy told me he played video games six hours a day You're rich. That's the best thing you could do you could do that when you're poor That's my voice you make a lot of money You could enjoy the world travel the world do whatever you want, but you're gonna sit there and play video games six six hours I can't you shouldn't do anything six hours a day But anyway, I'm just weird like that. I'm an adult guy. That's not huge into playing video games. Apparently that's weird It's good for me All you guys who like to date women you want the world pool of men who only play video games to always increase You want that liquidity pool to be inserting men in? No competition women are just like no one will date me because they're playing video games I'm here Okay V chain. This was a supply chain Yeah, I look at it last night. I gotta look more into it Now there's so many coins and protocols. It's insane It's literally the Cambrian explosion period which happened a hundred million years ago. Yeah, I saw engine engine is good Somebody said my girlfriend likes video games firstly great. I'm trying to increase the pool of men who play video games How can I do that? I want to increase that pool All good-looking men you should just play video games at all times for the rest of your life I will incur I will bring you a pillow to sit on my I will send somebody to rub your shoulders You guys prediction prediction for BTC end of year. So my pretty I don't like to do super short-term predictions I I I did that math a couple years ago, and I've made a prediction on one of these calls It's on one of my YouTube videos. I said Bitcoin at 250,000 before 2025 it was a pretty conservative bet in the sense that There's a good chance it Vastly surpasses that we'll see We will see that was my I saw potentiality in just some limited calculations that I did but I Like all very somebody mentioned all day. What do you like about it? It's every chain it's going cross chain and every chain that it goes on It's like number one like it does when I'm pulling on at 20 billion 20 billion of liquidity locked on it and like a very short amount of time then it went on avalanche So somebody's asking what does it do? It's a lending protocol. So let's say you have ETH. Okay, but you need money to buy something else Yes, and you don't want to sell your ETH because remember selling things Theoretically creates a taxable event and getting a loan against it can create a tax deduction Yes, so you deposit your ETH and you can get a percentage of that It's kind of like a mortgage. So you put your house in and I'm against it, right? Yeah, it's a little more a better term would be a home equity line or maybe line of credit a mortgage is a little different That's not an acquisition. But you could do a Credit line against what right already have right? So this allows you if you have X amount of dollars if most people think in fiat In a theory or ETH the okay Then you go, I don't want to sell but I mean need money to pay my bills today. Yeah, and so What will be just which one we're talking about a compound or of it? This is one where people you stake. It's not staking, but I mean you stake meaning you supply and then you borrow you supply and you borrow You supply meaning you put a bunch of assets in could be a different portfolio of assets And then you borrow against your portfolio Somebody says I still understand selling gains than not getting taxed No, if you get a loan The definition of a loan the reason that the IRS doesn't tax Alone is you got to pay it back and there's interest payment and the only tax deductible part of it is the interest So if you if you do a loan against your house or against your assets For a million you get a million bucks in your bank account for that's not tax deductible But if you have to pay them four percent on that that little sliver there $40,000 of interest is tax deductible in most cases, but somebody said hex is 40% APY yes Who's this I saw somebody mentioning trader Edmund Ty has done talks about Gotcha Don't never try to convince people on smart. I like that the world thinks I'm dumb cake It was good for me, man I went and bought up all these assets bought pure one I bought pure one me and Alex bought it doing 1.7 billion in revenue We bought it for 31 million dollars steal this entry Please spread the word that Ty knows nothing about business tell people that negotiate against me all this tie this sucker Dude's gonna buy Pure one. Oh my shit. I bought 1.7 billion of revenue For 31 billion You want to be like the Kardashians in life? They're dumb like a fox They're dumb like a fox The whole world's like Kardashians don't know anything. It's like youngest female billionaire or youngest billionaire alive Kylie Jenner Well ain't that dumb You know saying that dumb she sold half of her everybody who touches that family gets rich Kanye Billionaire now now, maybe people say they took as well. I don't know doesn't seem to be that way Yellen wants to tax pre-capital gains. Yeah boy America's going Cuckoo Luco man America's going crazy on the taxation. Where should you start learning about crypto? Discord is a commonplace YouTube lives like this you can go to a centralized exchange Like a coin base the best thing you can do is just buy something. Yeah, just buy it makes you learn a little bit Yeah, a little bit Play with it and by one thing people don't realize that are new to this just because Bitcoin is 60,000 or 50,000 or whatever it is it You can buy a fraction of it. A lot of people don't know that Like I'm waiting till like Alex can't fathom that people don't know that lot dude millions of people haven't bought it I know people like saving up my money. They're like I'm saving up my money to buy of it. It's fractional Rack yeah by Sheba in Voyager Voyager is I mean interesting. I mean that is a Canadian company. You can even buy stocks. That's the double unicorn It's a got equity value market cap of over a billion and it has a coin market cap of under a billion So that's cool. Only four to five hundred viewers. What happened used to be thousands It's late at night and we're talking about crypto people's minds explode This isn't a comment you got it You want to get if I want to max out your Instagram you want to have you know Not a conversation about finance a lot of FTM mentions I like FTM Yeah, but it's still more expensive than polygon. So I don't know What do you like about FTM? It's a solid is sold like transaction speed is super high You don't get a lot of RPC. They call it RPC shoes meaning you're initiated transaction But it fails. So you don't get a lot of that. Yeah All right, we're gonna end this soon, but what's 10 questions we have rapid fire I've asked you many times, but thoughts on Altura A. L. U. I don't know. It's don't know it Do you like mean stonks? No When is stonks gonna get like old? It's like a boring thing now a boomer thing I'm like have crypto people like learned like you got to come up with new words all the time Nobody's like do to cool radical anymore So on ice people are still saying hodl and all this shit. Okay NFTs worth getting into I think so we like them We're turning one of our brands into an NFT marketplace Will a spot ETF get approved? I think so I think so Well, there's been a whole bunch of improved it. I think the first one they improved Yeah, there's a whole bunch of stuff happening around the whole securitized So there's just to be more confusing for those of you who are newer, but it's There's a whole world of crypto that happens outside of the US government. Yeah, okay There's certain companies that theoretically you're not even supposed to be an American. They ask you you can't you know I basically say assert that you're not a US citizen So you have this kind of world, but then you have this new world where the US government is coming in and trying to make it go through Conventional security Securitization regulation so like stocks are Securitized and They are regulated and so there's going to be a whole new world of the regulated crypto world And what's the one that just rang the New York Stock Exchange Bell a Week or two ago just put crypto company look in the news tab of Google Who knows why am I slipping my mind right now? We already talked about XRP Bitcoin is trash. I do not agree with that. I think Bitcoin can be around. It's a well-known name. What was the name? Yeah, Bitcoin ETF. Yeah, yeah, that's right. Do you regret any privacy coins? Somebody wrote Cardano. I think it has an audit, doesn't Cardano have an audit trail? Dude, I don't know. What do you think on privacy coins in general? I think Basically on Ethereum compatible blockchains, they're not possible I mean you can use tornado cash and stuff to hide your trail and I'm not even sure if it is a good idea Why do you not think tornadoing something is a good idea tornadoes fine, but it if the transaction is not Traceable there's not an audit trail most of the time. You don't even have it. So just so that you know Yes Mastermind info. Yeah, for those of you who want to meet us. We're gonna be in Miami if you go to tidalopis.com Is it on the homepage right? Or look we have a fireside chat. We're doing on November I Think it's the night the ninth Tuesday in South Beach if you want to buy a ticket We're doing a quick talk in person like an hour. We know Richard Hart is yes. That's the hex Founder somebody said bye-bye Bitcoin will soon be leaving this speculative. What is this face? YouTube bye-bye Bitcoin will soon be leaving the speculative Bull run and transition into the utility bull run Okay, words. That's what that was Words words. All right, we're now going to utility according to YouTube commenter number 43 Crypto gaming is the move Okay, what do you think of kadena KAD ENA is kadena. What's kadena? We have our phone a friend. He has a laptop over there. Obviously we're using five phones to do we're on six platforms right now live including globals Speek easy is the coolest honestly. Yeah, speak easy is ours worst. We're coming out of beta in like a week next Friday. Yeah What's the coins is it what does it do what's the market cap? One bill there's so many Unicorn coins and you don't even like you have to spend your whole life trying to What about Wonderland? McAfee he is any dead guys dead or maybe they're thinking he's like Jeffrey Epstein He's not all he's still alive somewhere So I want to work with you my team and I grow a protocol to open the top. Okay Adrian snows Let me is that link ready? Yeah, let's put by Nick Can you call him? I'm gonna give you all link if you are a coder Solidity if you solidity coder. We've got something for you Me now it's want to talk to you on zoom on Sunday. Yes, you can get a virtual ticket if you can't come to Miami What about Binance coin I like Binance I know it gets a lot of hate because it's Chinese and all the knows are run by them So it's kind of like a centralized so clubhouse Sure, anybody centralizes like it's you know tick-tock The group don't tick-tock. Yeah, so it is zoom. I mean I agree should just assume the Chinese are Yeah Ty, what was your workout today? We did buy it back in triceps with flex wheeler on zoom not actually we weren't on zoom We were on we're on our app I'm happy So I can you talk about your d5 project in a week or so not yet top three holding in crypto You have that you would share. What's up east? I mean I have more east than anything else. Yes, I Have a lot of stable co. I have a speculative stuff like Olympus. I have sushi. I have one inch. I Have those We needed you need to just buy some just to have it Just so I'm like God, I'm a sheriff. I'm a token holder Safe moon we talked about At this point in society what percentage of your income should be going to crypto depends how speculative you are be careful be careful One inch is dead somebody said no, but they said it No comment the more emotional we all know that something becomes more true Based on the amount of emotions the opinion giver puts behind the opinion That's how most people argue if I say it really if I say it in a will it to happen Now it happens one inch is dead right over it's easy to talk about mana Where is Grant you mean Grant Cardone? Brian Miami You don't talk about plan B price floor if you don't talk about plan B price to floor model Then none of you know what you're talking about Words Words Alex with so much you don't know My life is what happens when you don't know what you're doing I like my life I want to know less about everything that thoughts on overpopulation Definitely a problem. I Have a theory because I disagree with Jeff Bezos thinking that solutions is just to send everyone to Mars Can we send all annoying people? In the penis rocket that Jeff Bezos made I will be an asshole personally pay for it That is a solution to overpopulation penis rocket and just launch them Bow This is all because we know there'll be nothing more stable than all of the weirdos in the world Living on a station in Mars. That'll be a wonderful world That's a real solution Great solution bro. Can I bartend for you in exchange for a mender? Plan B price to floor models extremely act that you should look at Who's googling plant what plan B is tie-side from olibaba what U.S. Warehouses should you go to for our brands? I was just up at our warehouse partner We just got another five hundred thousand square feet in Ohio. It's pretty insane Time for president no That sounds like a horrible job It's not like I'd rather go to Mars with all the crypto people than be president of the United States McAfee use Monero and pirate chain. I Don't know how much I would emulate John McAfee Just so you know, he's not one of my role models smart guy But I don't Careful will you crop copy? You know, how can new entrepreneurs work with you? Go on Tyler buzz.com Mac McAfee is Satoshi that I doubt That I do think he came up with Bitcoin. Come on It was too busy doing cocaine Curve for overpopulation build new cities. What is this? I like this build new cities with casinos and man-made beaches That probably increases because people will have more sex and more kids Thoughts on Fetty walk getting arrested. I actually know Fetty walk. I have no idea you got Apparently arrested today for some drug indictment No idea. I try to not speak on what I don't know Somebody said he came back to listen to crypto, but heard penis rockets That's how you never know on one of my podcast or one of my shows what we're gonna talk about NBA championship predictions All Lakers look I love I'm oh, it's gonna be here. I'm gonna put a link soon. Who here's a solidity? Coder if you don't know what a solidity is then you're definitely not a solidity coder We need more and consultants. We have our own people put the word solidity if you know How to code in solidity Yeah, just typing so little the word solidity. No, there's a lot gray scale Did you talk about ether burst Bitcoin? Yes Ty doesn't know anything about crypto. Yes What do you think about lithium? Lithium there's somebody wrote solidity. Do you get your own lap Lambo with crypto? Yes, that's how it works Just gonna I'm gonna spend my life Confusing many people purposely but in a very convincing way If you buy if you buy a coin if you buy our coin you get a free Lambo each person That's how we do it. No matter how much you want suckers born every minute But remember a lot of cryptos four years old or like 12 years old There's a lot of crypto like millionaires who are 16 And let me tell you that money gonna flow in and out of their life you watch Easy come easy go baby. Be careful making a lot of money when you're 14 Some of them will keep it but you need a little worse cars in this world before you know what to do with money People are gonna get slapped around in this game. If you haven't been in the game for a while a lot of people Got a lot of people made a lot of money. I Have a friend or an acquaintance sold this company for 18 million dollars two years later That motherfucker was back to work in a nine-to-five job Buy Bitcoin eats a lot of magic Somebody said they learned their lessons in 2017 is there any true value behind crypto? Yes, and on top of that Money in and of itself never has in general intrinsic value Even something like gold was not the most important thing for humans and in general in general you do not use in the last Let's say 500 years of civilization You don't actually use things that are in and of themselves extremely valuable because Oftentimes for example, they're heavy or they spoil. What's the most valuable thing in our life? One of it is food, but it's hard to make food a currency in and of itself food has Value tremendous amount of intrinsic value Bitcoin maybe doesn't a US dollar doesn't but that doesn't matter That's people are think they're smart But they're not because because something doesn't have intrinsic value doesn't necessarily mean it can't be a form of exchange We don't if Alex if we like If I go to buy a car, I don't bring a whole bunch of food because it rocks and you need tremendous volumes of it To buy a Lamborghini you would need to bring out a lot of food a lot of food You have to bring tractor trailers of peanut butter jelly sandwiches So mankind develops something else and this is very complex for people because people think they understand And one of the most dangerous people in the world are people who think they're smart and have Slightly above average IQ. They're like a fucking baby with a machine gun. It's shit's dangerous They know enough to press the trigger and kill everybody in the room. So With it a question is not is It's a low IQ question Okay, and it is it's not Whether Bitcoin has intrinsic value, this is an incorrect US dollar is cotton Is cotton valuable is an ounce of cotton $100 bill worth 100. No, it is what stands behind it and what stands behind it is exchange It's not even a government. It's the fact in the in the 1800s 1860s when you had the civil war There was a lot of different currencies and the problem is you didn't know which one was gonna win So you didn't want to get paid in, you know, South Carolina dollars because the next day you went You gave somebody a horse for South Carolina dollars and you went and go spend it and buy, you know, a plow and People like I don't want your fucking South Carolina dollars. Fuck that. So there's a confidence level that has to happen and The question is does Bitcoin have that and that answers most likely yes, if you ask me Now if you ask other people They're very confident it has none, but then they're using US dollars, which are in and of themselves the same as Bitcoin So I have to be smarter and money is not the simplest thing to for human. It's not Inherent to our DNA that we understand money Of any sort whether it be Fiat Whether me and Alex have a mentor to mentors that want a Nobel Prize in economics, you know, it's interesting These guys are 70 years old. They won Nobel Prize once professor Chris is sir now Christopher Pizzeridis one is professor Eric mask in at Harvard He has less confidence than most of the people call seriously You want a Nobel Prize like no time, let me actually tell you tell you how it goes, buddy I've read free white papers. I'm in two disc tour channels and I fucking Hurt and like a lot of good things and I say hodl and noobs and Bucking, you know, and I I follow I follow Elon Musk. See how it works. You follow Elon Musk You're automatically like him No, you're not There's an old there's an old Greek There's an old piece of literature says drink deeply at the period well or don't drink at all the period well denotes complex knowledge, you know What cryptos do you own? We talked about this already. Would you host a reality TV show? Been asked this a few times. I Hope this would make a good joker I Could be I could see I could be in that Joker movie. Okay, I Think I can see I can blast a few. I like this makeup. I'd be the Joker. Oh, yeah remember the scene in that that would De Niro when he's In that talk show. Yeah, yeah, that's a good seat I could definitely blast some fools if you wouldn't go to prison for that I Some people deserve to be blasted Ty on Shark Tank now. I'll run Shark Tank. I Don't pitch little one million-dollar businesses anymore But you can pitch them to me It's on Saturday night live one day. I don't think I'm funny like that. It's your favorite car. I Mean the best car that's not like Totally that comes off an assembly line is a Rolls Royce That I've ever I've been in almost every car been a judge for the Robb report Rolls Royce for just like Quality car. I've driven. I've never bought owned a Bugatti, but I drove one of the new ones But that car is like what are you gonna do with the body? What are you gonna do with three million dollar car? You're gonna give it to the valet Hell no, all right, so a Rolls Royce is expensive, but not like You know rolls Royce or like 400,000 Not four million and that's a damn nice car, but for speed Lamborghini is just a badass car It's just a good car tied you own in Tesla. No, I've been in them How many cars you want when I'm in Puerto Rico? I sold all my cars. I got to re-buy them I've been too busy. Me and I are working on a jet. I Need a jet more than a car now that I'm in Puerto Rico Puerto Rico doesn't have good roads. It's like all the Lamborghinis in Puerto Rico You'll be in a pothole the size of your Lamborghini so We need more jets to get off the island when we need to go place 10% What do you think about the metaverse Alex? I mean I played what I played with it. Yeah, I It's not for everybody. It's what we need. Yeah more dudes who don't get out of the house You know what the world needs motherfuckers sedentary lifestyle, so you look like Mark Zuckerberg. This is the solution This it is great for me. It's great for any man any any warm-blooded male that has a social life Please let all men be in the fucking metaverse Watching God knows what hanging out there reminds me of it reminds me of You watch the office where Dwight shrewd was playing second life and he's like I like I like my life so much I made two of them in my second life life. My name is also Dwight I have also a paper salesman, but I can fly so that's a That's yeah Dad raptor. I'm gonna get a raptor in Puerto Rico for sure. I like horses, man I got 32 horses now. That's what I need down here in Puerto Rico. You can actually drop use horses here You change one thing in the world. What would it be? I know Alex's answer What if we will live a long time? Yeah, exactly. I think some people should listen up live less long. That's a more important thing Do you really want some people living twice as long as IQ of all humans? How about reduced mental illness sure? Because increasing IQ just makes people more wickedly weirdos Somebody said COVID was created so obvious so obvious The only thing is who benefited by COVID totally because China is not doing that well right now just so you all know Economies are a little bit tied together. One of the biggest potential Flip-flop destruction of the world is happening in China with their property issues all of these supply chain stuff stock stuck off the Long Beach port is hurting China We started it somebody said Huh? We started COVID. Oh, yeah, sure. It was a dish. It was an experiment gone wrong I was just trying to kill some idiot guys that I knew and it accidentally fucking they sneezed on their friends Mental illness is important to talk about yes and mental illness is a real thing boy High consciousness equals not crazy. Well, you have to understand how mutations are it's funny that people are like, oh, I'm crazy I'm good crazy. How many mutations are actually good? In evolutionary our evolutionary past almost every mutation was negative and every once in a while It created an outlier. So for those of you who are crazy and you're proud of it The odds are it's not a positive mutation. You don't manifest that but maybe you're the one Everybody thinks they're the one good. I mean if I zap you with radioactive rays. Are you more likely to die of cancer or become spider-man? In normal life you get cancer Mark Zuckerberg will be the response responsible for the full Muscle mass loss of the of all basic men on earth Dudes will be struggling under a 45 pound bench press because they can just go on the metaverse and be like look I'm strong here and women love me and I look good So I will part of Puerto Rico. Are you in kind of like central ish? We have a link Can you put it on the board? What is it? Okay? Sunday if you're a solidity coder and you want to talk to Alex and I 2 p.m. Eastern 2 p.m. Eastern Our one of our holding companies is retail e-commerce ventures If you want to see what we do in the non-crypto world, but now we do a crypto retail e-commerce Slap make it slash solidity scratch that one out. That's I don't want that it's too long Tell it was calm slash solidity Show Sunday. This is just for solidity coder. By the way, I've gotten 1300 stars which are money on Facebook. Is this like metaverse stuff? So I can't actually spend the money Somebody wrote you don't do crypto What does that mean do crypto? What do people do? You putting your money on Tyson fury or Logan Paul? I Mean that fury family is a boxing family. You know Tyson here, you know Tyson fury. Yeah, but you know What should say when it's scheduled it should be a schedule Yeah, so 2 p.m. Yeah, sir those Logan Paul boys. I know them. They're pretty strong stay away from Corb Fed These Corb Fed 220-pound people I box I do jujitsu These guys are strong You could become a billionaire fastest by getting into electricity. Did you know that off into what getting into sure Have you guys seen the dollar vigilante and crypto vigilante videos? Have you seen the crypto vigilante videos? What is the secret you haven't told anyone? Our seed phrase to log into wallets that we own The private key the way you get into money That and we will not tell you have you why haven't you gone to the cannabis industry? How do you know we aren't? Somebody wrote who the hell are you? I like that one. Is that like an existential questions like who are we as humans or is it like who are you? That's an interesting one as the next essential answer. I In the in the chain of DNA floating through time thinking that I am a conscious being and I have free will But I am probably Some level of automaton, but I'm too narcissistic To admit it like you But if you mean like who I am on Tyler was the link is on there you go So I look with calm side solidity you gotta be a solidity developer They're looking for solidity developers to add to our team. Okay, I do you hold shiba? No How much can you ban? Tell you're gonna wait right now. I'm weak cuz I'm cutting You know I'm saying when you cut you like lose all your I'm not that strong But I mean I can bench. I don't know 250 or something like that when I'm bulking I can do three 4350 but I don't like to max bench There's no man and let you ain't gonna be the strongest person in the world unless you're a big kind of fat guy fat dudes are the strongest For sure don't ever get in a punching battle with a big fat motherfucker with big-ass waste I'm not as interested in that Any relationship advice what's your relationship advice for people Alex? Don't get into one No, that's actually Alex's real advice Alex does not it's not a huge believer Alex is very focused on making money I Have other interests Alex does not How you get all those pretty women somebody wrote? Don't be a simp somebody wrote You know the simp is simple ten no A simp is like a guy who like comments on a girl Like you look great like who tries to suck up to her to kind of get her to like you There's a certain class of men who play video games and are in the metaphors that are convinced That if you ever compliment a woman woman, you're somehow not good with women. I just like that There's like guys that have like this totally totally bucking women are a ton of automatons They're all identical and I and I figured it out because I follow three people on YouTube That probably I've never dated a pretty woman, but they're extremely See how that works. They have no pretty women in our life. They know exactly all women are complicated I don't think it's that simple. It's okay to compliment women sometimes just Let y'all know that you don't always have to neg a woman that that shit becomes annoying Have you been in Mexico? Okay, I have been there Sorry, what should I do? Okay, what do you recommend someone do if they're 21 and broke anything with crypto? Not really probably not if you don't have capital You can mess around with it unless you're a programmer. You're you want to be part of a program? Yeah, it's a great way sometimes when you work on a project you get Tokens you get tokens for your work in addition to cash, right? Broke is a mindset. It's also a state of your wallet Yeah That's what I do if you like to think they're smart. No, it's all in your mind. I don't know is Broke all the state of your mind. I would say that's a semantical argument no capital no women that's not true Someone said all women are the same have good posture have money balance your male and female energy you get women easy. Oh Little little Jedi want to be if only you knew I Like to have good posture is a big one in there It's like three great pieces of advice on women one. I'm gonna put this one first good posture That's number two number two have money. I don't know There's a lot of broke artists that just probably have already stolen the woman that you like right now with your good posture I don't know about that. I don't know about that. Just so you know I'm gonna break some bad news right now that girl you like she is on a date with a broke artist right now You bad posture the dude's just slouching you ever seen Pete Davidson Pete Davidson like that like he's like kind of slouchy Esadel even before he was Even before that dude was rich that dude was stealing your girl. So it's not that simple Why is your investment for credit investors? There's just a law in America on Reg D would it be a good idea to be an assistant for a millionaire? Yes Someone says way to get women is be you and be a real man not slow flake It's not it's not simple to an advice women if you actually study science Deep science on this you should read dr. David busses harvard evolutionary Psychology textbook it's about that thick is the world expert on mating, which is what you're talking about not only of homo sapiens But of mammals it's not that simple It's a complex game theory that is a crescendo of activity that culminates in Mating, but it's not so simple Okay, that how women react in fact women are looking for signals of exploitation by men men are looking at looking at Signals where women exploit them back and it becomes a complex tit for tat game theory That's the actual name for it tit for tat dance women love to dance. I know dudes I used to be a professional salsa dancer. I know a lot of virgin dudes that know how to salsa dance They know woman wanted to sleep they would dance with them, but they didn't go home with them at the end of the night It's not that simple What's the simplest way you would say what it was the most simple ten advice About meeting in your life experience Alex says they did very beautiful women When I first met him he had Always I'm like what happened to that girl and he had this German girlfriend in Sweden In San Francisco, she was pretty and he has a beautiful woman now to Make sure she hears that shizzing and that but when I first met him What was your life experience because you dated women before you had any money? Yes, that's right Alex was born in Tehran in Iran and dated women there and What got you women then I don't know maybe my looks posture It's a missing. I read it. Dr. Bus sent me a report What country do men say? This is self-reported. So you got to take it over the Grand Salle They slept with the most women partners in their lifetime. What would you guess? Who can guess this is just for a new release study? What country Italy? No France no someone said Tehran represent Spain Spain was one of the lowest I have bad news for you Spain Spanish America. No Iceland was very high, but not the highest Russia Scandinavia is very high. I live in Scandinavia. Japan. No extremely low Sweden high, but not the highest China was one of the lowest India and China basically apparently Humans hardly procreate there Thank you. What country? Is it a Nordic country? But it is European is European, but it's not one you would get Germany Turkey Apparently what what's the country with the least some African country. No India India. Yes So it was interesting interesting. Anyway, that has nothing to do with crypto We should have a crypto coin that's there is there's been some crypto coins where you can bet on things like auger I always like that idea, but they never taken off yet No, why is auger not taken off? It's it's not implemented correctly. I actually played with it. It's not that good. What's the other one the Polly? Polly market. Yeah, I'm probably not That's what you cannot access auger in the US. That's right. Yeah, and also Polly market I'm is a good is it still the same thing it has to be like simple things like who will win the presidency? Yes, it adds a panel of judges if it is becomes like a really it's a centralized If it doesn't if it's not up it doesn't come from the feed or an oracle it goes to a panel of it says the rule, right? Somebody said India's population is crazy. It's not who has the most children. It's who has the most different partners So you could be in India and have a lot of kids with one woman Okay, we're about done house is getting tired. Oh shit. It's two in the morning. Yeah, let's go I'm gonna be two in the morning. All right Do I have that I need to get something? Okay, let me um shit Let me also I need to do something. What is the original human eye color? I think brown probably Alex looks like he needs to be in a cartoon. I'm not sure what that means. Do you know what that means? No Let me I need to get did Nick did real and send me this damn thing Okay, what the link? No for a cover for this one. Let's shut these off Can you shut these off or Alex turn these? Yeah, all right. All right. See you all right guys. Yeah getting off