Can you guys hear me?

Yes, we can.

Awesome.

We'll get started in just a few minutes. We're waiting for few more guests and Co hosts, but just hang tight. Within probably 5 minutes we'll kick this place off.

Hey, how's it going?

Hey, Jess, good morning or good afternoon at this point, now that it's 1:00 PM ET, how are you doing?

I'm doing well, doing well. Thanks for having me. Happy to be here on a wonderful Monday. Eventful morning.

Ohh man yeah. Why don't we start there? How are you feeling about this morning? I mean, so.

Big time. Honestly, the fact that we're still sort of talking about FTX every day is is.

Kind of a head scratcher at this point, but what are you thinking?

You know, yeah, it's exhausting. It's tiring. I did hear him speak this morning, and he finally admitted to playing video games while he's been doing these interviews. So that was an unfortunate revelation. And he also mentioned that he will be testifying tomorrow, virtually, which is interesting.

That's bullish for League of Legends.

He was actually playing something else. I have to look it up. I I don't know the game it was. Hold on.

I don't know. It was like storyboard something. Does that ring a bell to you guys? I'm not much of a gamer.

No, I.

I have no idea to be honest, but I wouldn't put it past him to play something super obscure.

I think we need to spend more time with SF.

Yeah, true.

They were story book brawl. That's what it was.

Anything to escape reality, I'm sure, right? Like whatever he can do to distract himself from the fact that everything is falling apart and it's his fault.

And I don't say that as flip side, that's not financial advice, yadda yadda yadda legal team will be, you know, on my butt after this Twitter space. But with that, why don't we kick it off? So real quick, I would like to introduce sort of the premise of this space and then we can hop into into discussion and and chat more about all this. But as you can see at the top, we've pinned a tweet thread about a giveaway that we're doing. So this Twitter space is actually centered on sort of this new pre

Space, right? So like there's bad news every day and it can be really hard to to participate in crypto, Twitter and and web three at all.

In the depths of a bear market right the the more bad news we hear the more people just end up sort of wanting to take time away from Twitter and and reset. And so we thought it would be helpful to create a space where people can gather and talk about what excites them about the future of crypto. But cool you know inventions or ideas or potential applications of of web three tech and try to you know get us off the negative for a little bit. But we can definitely talk about negative things in the

Hard and fast rules, but you know we want to, we want to come together and just encourage each other moving forward, right? So if you retweet that tweet tag at the top, make sure you're following flipside crypto and follow crypto and coffee just right here. Our co-host as well and you'll be entered into a $250 US DC giveaway and you'll also get some flip side swag, some flip side merch. And if you don't know what flip side is, we are a data curator and analyst tooling.

Platform that takes basically all of the information about how people are using web three, what's being built in web three, you know, transaction data, all the different chain explorers, all the data from like your top favorite protocols like Sushi, Swap, near algorithm, you know chains and protocols, dexes, even games. All of that data is sort of aggregated and then curated on flip side and you can query it directly and and ask basically any question.

You want about you know supported blockchains and protocols to find answers. So if you're wondering how people are trading, you know what the activity is in in your favorite NFT project or any related queries, you can very easily find that information for free at next dot flipside crypto dot XYZ which is our new and improved app for analysts. So if you want more information on that just check out flipside.

Crypt flipside crypto dot XYZ is our website. But yeah, so with that, why don't we kick this space off? This is the first in a series of spaces that we'll be focused on progress. And so this one, our driving question today is what the is going on in crypto right now and where would we rather be in crypto, right? So obviously things are falling apart, but like, what's your ideal? Why are you still here, right? So what about you, Jess? What's what's big on your mind right now?

Yeah, why am I still here? I ask myself that I have that question everyday. No, it's definitely been a challenging year, but I do feel like this clean out was needed. Like I I can't imagine us continuing at the pace that we were going as far as growth and still having all these bad actors in the space. So while short term I I think we're going to feel a lot of pain, I I see this as a positive to for the space so we can focus on actual.

Decentralized applications and people that are building decentralized tools. So that's what I'm bullish on, is all the people that are still here, still building and that are going to continue to push the space forward.

I love that. That's super encouraging that focus on people because at the end of the day, I mean what three? So community focused like, I mean I'm at you just in the harmony ecosystem. I know you're all over web three, but that was sort of where I started in that Community focus rip. And one of the things that stood out there was just how, you know, tightly knit everybody was and how excited they were for the fact that they could like collaborate on on all of these different projects. So I want

Take a second also to do some quick introductions for everybody else that's up on stage. So why don't we go down the list. From my perspective, it looks like Mark, who is the next. So Mark, why don't you tell us a little bit about sort of who you are?

I'm I'm only next because of Twitter blue, so shout out Elon Musk.

Yeah, well, I'm. I don't know how I should present myself, but what I've been doing for about a year now, it's been analyzing blockchain data.

And right now I'm pretty much focused on what's going on, on Solana.

So yeah, if you have any Solana questions.

You can come out of me.

Love that. Yeah. We share a lot of mark who's analysis in the flip side Twitter feed because you know there's if you have a specific ecosystem that you're focused in you end up getting a lot of really valuable insights out of you know, being exposed because you're using that ecosystem. So we've really appreciated all of your Solana insights. We're, we're big on Solana. All the haters can can say what they will, but you know when you look at what's being built and the activity on Solana you, you

This is just a small moment in time. Next up on the list from our perspective is metric style. We are big fans of metric style and big supporters, not financial advice of what they're doing over there. So metrics, do you all want to come on up and and chat about what you're doing?

Hello, hello Marina here from metric Dell. Thanks for having metrics Dell on the space. Really appreciate being here with you all of this great group of speakers.

With community and analyst relations and metrics now and some of our great analysts are here today in the space is as well Mark who is definitely one of them producing great insights, timely, topical, deep dives over and over. So we're really lucky to have such great analysts on here and yeah still here for the insights that come from on chain data every day and still here for great community of analysts.

Love that, yeah, if you're an analyst looking for bounties or wanting to put your skills to the to the professional test metrics, that is a fantastic place to do so. They also have great educational courses. So if you're like, man, I wish I knew how to ask questions of blockchains and protocols. Like I want to be able to analyze this data. I wish I could be like an on chain sleuth. Metric style has free courses. You can do live courses or async courses depending on what fits your schedule. But i

Like I think everybody that uses web three could find themselves in a position where they are analyzing the the chain very effectively. So definitely don't discourage yourself from giving that a shot. Next up from my perspective, looks like Joseph is up next Casa intern. You want to take a SEC to introduce yourself.

Yeah, howdy. Thank you for having me. Have some a list of Titans up here to speak. So I won't take too much time. But yeah, I'm a full time content producer, market researcher of the crypto space. Spend most of my time taking the analysis that Marku jacked the guy and the other curators and analysts that happened that work at metric style and I basically create content from it. I think that data back content is a vein of stuff that really is needed in a time.

Like right now in the markets, but personally, I'm just excited for the future of D Phi and I really echo Jesse's sentiments from earlier about the decentralized future that we had before us. I think that we have a huge opportunity to really nail that perspective and nail that future for this actual economy that we're trying to build. But, but yeah, excited to be here.

Beautiful. Thanks for that. Next up on the list, David and I saw that Stacky just joined, so we'll get her to introduce herself as well shortly, but David Alexander jacked the guy and then stacky, we can round it out.

Hello, hello, I am David, also known as megafund on this space. Uh, I'm a managing director of Finance Labs where I focus on took and engineering and token design. Prior to that I was at consensus where I built tokens internally and externally. So I spent way too much time thinking about tokens and.

Systems design. But going back to what kind of keeps me going and keeps me coming back is that at Binance Labs I have a chance to work with some of the very early stage projects in the space and I would say that there's a lot of interesting stuff being built. So I am, I'm pretty confident that we'll get through this and there's there's better days ahead and I would say that we're we're closer to the end than we are to the beginning but those could be famous last words so we'll say.

I love that. The the optimism, even if it hurts in the end, you know, at least we had a good time. Jack the guy. Do you wanna you want to introduce yourself?

Yeah, hey, I'm Jack and uh, I've been work. I've been working as an analyst with Flipside and metrics now for like a little over a year now.

I'm currently working on building a community of analysts over at Pines. And what's keeping me in the space? I don't know. I think the more chaotic things get, the more interesting interesting the data is, so I kind of find this stuff super interesting.

Bad days in crypto or bullish for crypto data I.

Don't know if I can say that officially from flip side, but I'm just going to pretend like that was a personal opinion. I love that. Jack, thanks for the introduction. Jack is another one of those people where we will share so much of his content from the flip side, Twitter because it's so good and he puts out an absurd amount of analysis. So if you're looking to keep up with like what's going on in the space, definitely Jack, the guy, Marku, obviously David, Joseph, like everybody on this stage

Week like those are incredible, so be sure to follow everybody up here on stage. And finally, let's get to Stacky Robinson. You want to come on up and introduce yourself and share why you're still in this space right now.

I have no clue sake. No, no. Hey everybody, I'm Stinky Robinson, CEO of stock lianas.

The all female trade and community dedicated to the financial literacy of women worldwide with plans on building a social media app soon. Actually our beta version should drop pretty soon with some pretty cool decentralized aspects to it. You guys, I'm working hard busting my ass to make sure this thing is is beneficial to.

You know, women worldwide in a very, you know, ownership, esque kind of way. So, you know, that's what I'm working on.

I do throw events to our events help fund, you know, the app and the infrastructure and and the technology that we are building. So you know, I have a pretty interesting model but you know, that's a little bit about me. I do love Web three I got here. Well, I've been in crypto for a long time, but when we say web three, I'm, I'm talking about NFTS. I've been here since last year.

Some just you, you know me but I've been here since last year. I'm I'm I hang out hang out in the financial side of things. You know, the money side of things. But I got addicted to the community side of things. Even though I you know I give everybody shit about it. I'm I'm probably here for the community at this point but for sure the tech obviously you see I'm trying to build something that centralized.

It's not here for the art, but the art is cute, you know? You guys are cute. I do have some PFP's. My favorite PFP project maybe is honeys NFT and I talk about them a lot and it's more so about the community. Why am I still still here? I think I like you guys.

And I think that's it.

That was probably the most like, inspiring, uplifting answer we've had on the stage. No shade to anybody else on stage right now, but I mean, step up your game, good Lord.

But that's great. I love that. I mean the tech focus right at the end of the day the purpose is to to better people's lives. So like the community and the really missional focus you've taken with you know your company like that's fantastic. So everybody be sure if you're not already follow people up here on stage and once again we'll just call out that PIN thread which allows you to enter a giveaway for $250 in US DC and a bit of flip side swag just for retweeting and.

Been following. So if you haven't already done that make sure that you do and then also be aware that this you know this these giveaways and and progress focused Twitter spaces are going to be a recurring thing. So we'll do these frequently hopefully at a minimum once a month doing a giveaway but we'll have these spaces you know every week or or sometimes even multiple times a week and then real quick wanted to call out Flipside Gov is in the listener base we've invited them on to speak if they

You can find information on Web 3 governance if you're into that. Decentralized voting, you know they're a great source of content for that and they will also be having a Twitter space tomorrow with joke down. That's going to be super exciting, so give them a follow as well. So let's get to the topic of the space though before we, you know, delay any further.

What the heck is going on right now? Obviously like just called out this morning that there's, it's, it feels like it's another big piece of news every day, right. Like we've got one more thing and you never really know it's going to be good. Is it going to be bad and you know in the bear market it tends toward the latter. So what do you guys think about how we've started this week off?

You know, SBF gaming admission and the fact that tomorrow's going to be that big, you know, obviously.

And you know where he testifies. So what do you guys expect out of that? Like, are you kind of afraid? What's, what's, what's the crowd feeling right now?

Jess, you first.

Well, yeah, I'll touch on SPF in a second. The other thing that you know, I think there's still a lot of fear in the market. There's a lot of Binance FUD floating around this morning. So I think we're going to continue to see you know a lot of flood stories and and a lot of concern people about you know some of the top exchanges. I personally am not concerned but but you know we're still going to see those rumors circulating as far as like SPF, what can we expect tomorrow, he's either going to l

Because he's been doing um or I'm sorry, I'm not even going to say lie. He's either gonna say continue saying I don't know how he's been doing or we're actually going to hear some revelations. And to be honest, I think it's going to be the first. I I think he's just going to continue with Umm, I don't know. I don't know if we can expect anything different to be honest.

Yes. Do you think that the people he, you know, basically paid off, do you think that he's being coached by some of these people on what to say and what not to say to play dumb with the situation?

Like I.

I I think I don't know if he's being coached or I mean Sam is a highly intelligent individual. The fact that he plays dumb, that's just to me that's just an act that he's putting on. I think he knows what he's doing and and just to admission that he's been playing video games in the background, like it just shows you like he doesn't care. Like it's not a big concern to him. It's just another day, you know let's see what happens. Does does he understand the impact of what he's caused.

I don't know. Sometimes narcissists don't realize that.

Yeah, I I think it's it's it's why do you feel comfortable? Like what is it that makes him feel that comfortable that he can just play these video games and and feel like he's safe in everything that he did. So that's kind of what raises like more red flags for me with the whole situation and I'm not a conspiracy person like that but I I do think there's more to play than we even though externally there's always more to play more in play. So that's just my little opinion so far as.

Like you know how the case will go tomorrow.

Like like just says we pretty much held court all on Twitter space. I don't think it's gonna be any any different than the things you've been saying on Twitter spaces. I don't think so, you know.

It's the FUD in the market with Binance again. Like where is that coming from? Where is that coming from the day before this, this court case. So you know, I have a lot of speculation.

Around all this to me it's just it's just funny that all this is coming up and then crypto regulation is is like on on the tip of every everyone's tongue. So that's my little opinion and you know like just said somebody probably important but like like just said.

You know, the market sentiment was already low. It was already down and and now we have this, so what's the I see kit, but that's up to you guys to call her. What's up, kid? Hey.

Hey, I'm really curious, besides all the news and all this extra stuff that he's thrown out there, that you're playing stupid, I I agree with Jess on that, but I really want to see him have a psychological evaluation. Uh, not necessarily docs within the court records for the public, but in general to offset or.

Help his case because I wonder how his child development has portrayed his mentality at this point in time. There is rumors of, you know, parents still working in the correspondence departments, force company, but also pulling strings and so forth. And depending on his psychological evaluation that could play a huge role.

What?

You think they're gonna put you think he's he's really insane or or do you think they're gonna pull a ohh he's crazy or he's narcissistic? He has narcissistic tendencies or something.

Narcissistic. Well, I would say crazy. I just say the narcissist. Narcissistic tendencies can trickle down from having a stressful childhood development, and his mentality could still be infantile.

Those are great points. I did have a question maybe for some of the data analytic rules, like if we're in crypto and everything supposed to be on chain, like where did, where is the, where is the missing information, like where do, where is this money? How, how can we have not found this money? Or was it just that you know, they were moving around this money off chain?

Ohh, I can talk about this a little bit. I think that most of the money because you can see the cryptocurrency on chain, but you can't really see what liabilities people had to the exchange. So if they make like if they make promises to pay people stuff and then they just don't put it on chain and they it kind of isn't visible to anybody looking on chain. And then a bunch of people have promises for a bunch of crypto that isn't there.

That's where a lot a lot of it comes from.

Yeah, and if I'm if I'm not mistaken, I did look into a little bit about the situation with with Sam SF being investigated for potentially causing and profiting off of the collapse of terror UST which there are some. There's is on chain data that you can look at and track and view basically what was exchanged between Alameda and known FTX wallets. And so tracking those you can see where the token flows go.

But all trails, um basically end up dying once you get to the centralized exchange portion. And so there were some funds that were basically swapped around, moved around about $4 billion worth of FTT tokens that were exchanged around June and that was exchanged from Alameda to to FTX. Some people believe that that was the collateral that they were using to basically leverage and use to defy farm to go play around with money and defy, but none of the.

There's nothing to really confirm where the hard transactional conversion of those tokens to USD Fiat happened and occurred. The answers to these questions are going to be like the answer to that major question is most likely going to be on those order books that centralized exchanges have. And so that's kind of where things are just sitting at at this point.

Yeah, that's the tough thing about having sort of mixed representation in web three of, you know, you've got the, the.

Sort of super private organizations that that make their work centralized and then you have the open and on chain, you know accessible data that happens in more decentralized settings. That said, you can be a centralized exchange and you know make your data accessible. It's just that comes with a lot of different legal procedures and you know not everybody super willing to do it. I think another factor in in the FTX downfall was.

Sort of. Degen is the wrong word for it because we like degens and we don't like SPF. But it was a risky play that was banking on a continued bull market, right? You lose a lot of money when you have most of your assets in your own tokens and then everything else spread between investments and companies that are you know really struggling when asset prices tank. And so crypto had this really big sort of House of Cards moment where everybody who over invested.

In volatile projects got burned and FTX was way, way in over their heads, right?

And we touch Ohh actually, yeah, Aslan, go for it.

Hey, thanks for having me. It was kind of cool because you guys were were talking about uh the subject with SPF and you have a token expert on here. From what I heard, I, I, I, I can't remember which one was the token expert. But and that maybe it was Joseph. Joseph also nailed, you know, SBF was definitely like doing something with these uncirculated tokens and Alameda and I've never heard anyone on any space actually mentioned that they may have been getting the collateral.

MFT token I feel like every time someone asks did Alameda get uncirculated supply to SBF somehow we end up at a different conversation every time. So I would like to hear from the tokens expert on what he thinks happened with FTT token and whether the unpaired circulation went to Alameda.

I think the person that has a lot of experience with token models was David and David is also, you know, he's got a lot of other experience in the in the space and very technical ways. So yeah, did David, do you have any comments on that?

Yeah, I think that it's tough because I think there's definitely a lot of speculation, but you can you can track a lot of kind of what happened behind the scenes. And if you look at a lot of those tokens that Alameda FTX were involved in like serum oxy maps, like a lot of those different early projects that they backed, you can almost see you know the token launches and almost instantaneously overnight there's a perp contract with it. So you can long it, you can short it. And I think that the th

Essentially FTX was trading and aluminum was trading against their their their customers, right. So if I take a position not to get super technical, but Long story short if I take a position and you know embedding in the future direction of a price like I bet it goes up.

The competition doesn't necessarily know what my liquidation price is or what could what could basically undermine my position. But Alameda, they do know they have access to those books and they could make bets against their own customers, right? So I consider Alameda FTX like.

All of the same ilk. So they basically get a behind the scenes look at what every customer's position is and then they can strategically bet against it. So it's essentially having the answers to the questions ahead of the test. So it makes it very easy to to to bet against and I think that's what they're doing for a while. And you can look at a lot of the token market sort of a lot of the token volatility and a lot of the the token volume over time it changes once FTX animated gets involved, you

A lot of what they were doing behind the scenes.

OK. So, so my, my uh hypothesis is Alameda got a bunch of these uncirculated tokens, then they use those uncirculated tokens or unpaired, let's call it that as collateral against users funds. Now they could use users funds to do leverage trades, but you know, I don't a lot of times brokerages when they do any type of leverage trade, they go both ways. So that's one of the things when he starts talking about, Oh yeah, we don't know what we did with leverage and and this happened and that happened

I feel like he's trying to beat away from the fact that he was using uncirculated tokens as a collateral on users funds. And then David, I really wanna ask you something. So I look at coin market cap and I've had a token project and I've learned a lot of different things from this token project. You know, I actually had lost the whole entire contract because my I got hacked by a developer. So I understand these tokens and when I fail like I always try to figure out like.

How? How to, what happened and and whatever. So, um, I'm looking at coin market cap and.

I let's just say, let's just say uh, a founder pairs only 10% of their circulation coin market cap is now going to give it a market cap of as if every single token was paired.

So I believe that that's that's super false information in web three and there's a a huge exploit on that. How do you feel about that, David?

So the first part, I think you're right. I think that Alameda FTX were definitely counting FT X as like real collateral and not as a token. They literally printed out of thin air that had no backing. So you know it, it works in a bull market when everything goes up and you can say like hey at 10 million at $10 billion worth of FTT token is actually worth $10 billion right now. But it does not work and it fails quite miserably kind of in in in bear markets when everyone's.

Because because again there's nothing back in that asset and it essentially just goes to 0 because nobody wants to, nobody wants it. And in terms of how coin market cap how they, I'm not sure exactly how they frame their metrics.

I think that they're they're based on kind of.

Circulating and total supply, right. I think that they focus mainly on what the total supply could be and then kind of what's in circulation right now, I'm not sure exactly the yeah.

Alright so so I I I I am and I've seen it and and the only way you're gonna see it. Which I'm sure that if you if you know if you look deeper you would have saw it but once you've created a token you're the only person that so basically is is a founder pairs in a decentralized exchange once that exchange recognizes the value goes to coin.

Hey awesome, I think your mic, I think.

But then it gives it a value and then it tells the the the coin ranking market cap how many are actually pre mined especially as a token and then they give all of those tokens value. So if you if you paired 1,000,000 with one Millers each tokens worth a dollar and you have 10 million tokens uncirculated or unpaired all the coin market cap will now recognize it as a $10 million market cap.

Interesting. So that points to how you know how you source and curate data is really important and you can end up misrepresenting certain you know figures. I don't know that that's, you know that's not me speaking. On flip side, we have suggesting that that's true about coin market cap just because we haven't you know verified such things, but it does make sense conceptually and that is something that we have to be cautious about when we analyze data, right. We want to make sure that it's source

Speaking of what?

Is happening in the space. What are you guys excited about moving forward, right. I know it's a little hard to to to be super excited in times like these, but at the same time there is a lot of, you know, building and innovation going on. Everybody says bears are for building. So what in your opinions are being built that you can sort of take hope in a bit or that you're excited for? It could be something you're building, it could be something somebody else is building. Anything is fair game com

Real quick.

Be sure to retweet that pinned thread. Follow Flip side of anyone else you find interesting on stage for a chance to win $250 in US DC and some merchandise and then feel free to raise your hands. If you're in the audience and you have a question or have a comment, feel free to raise your hands and we can we can take you guys one-on-one at a time. But while everybody on stage, anybody want to respond to what you're excited about or what projects you're interested in?

Uh, I can respond to that. One thing that I'm kind of excited about is the use of non transferable tokens. So like one like the project and the flip side, community that's really working on this is badger.

I just think that it unlocks a lot of potential on blockchains and I think that developers haven't even like dug into like what they can unlock using non transferable tokens yet. So that's like one thing I'm really excited for for the future.

I love that. Yeah, some quick context on Badger shameless shill for the flip side. Team Badger basically makes it super easy to mint tokens and attribute them as roles or badges so you can use these for all sorts of things. Well, you know, whether it's like in your workplace or when you're building a community, if you want to gate certain features or roles or functions by token holders, you can do that. It's basically never been easier to to launch an NFT and make that into a role thing. I'll pi

Up here in the space but but that's a that's a great thing to be excited for. Jack. Thanks for that. Anybody else have thoughts or things they're excited for.

Yeah, I've got a couple. Sorry if I interrupted anyone, but yeah, no, for me it's mostly keeping tabs of decentralized applications. I think the FTX example is pretty, it's going to be, it's going to take a while for us to forget about the FX situation. I don't think we're going to move past that in, in a minute, but I'm mostly excited about truly building these open and accessible products. I I think that there are new defi instruments that are going to be made throughout this bear market.

And these devs are going to be really motivated because they see in real time what happens when you have a centralized vector that that's been over trusted. But beyond just defy products, I'm also excited for basically products that bring value from traditional markets or just traditional veins of products. I I know that there's going to be some products that are going to spin up in multiple veins of industries and that today we use day-to-day one of the products.

I'm super excited about, it's called travel swap. It's basically an online travel agency but with the perks and added benefits of paying with cryptocurrencies or Madam ask any kind of web three wallet and then on top of that membership groups for NFT members and stuff like that. And then other products that just for example that just tap into those types of markets that tap into those areas where you can bring value in a different way to Web 3 instead of just having circular redundant finance, I

That's like real key to this space. It's just finding real world use cases, finding real ways to create products. And I hope that by next cycle we can forget about seed phrases and we can forget about having to dig for basically your hard drive or your hard wallet that you lost inside of a landfill. Like, I think that all of those are barriers to traditional markets and traditional users. So I hope that in the next market we get to see those true tech innovations and see other forms of bringing

Instead of just trying to find your own niche value within it.

Joseph, I have nightmares about that. Uh, hard drive in the landfill. I promise you, I I pretty much, I really would love to find that. But, you know, I think some people are still digging for it. I'm not sure.

It's probably dust by now.

100% one of the people that I know who's trying to make, like I know someone who's trying to make something that avoids that is called Obie money. Great team of deaths coming from the terrorist space. But yeah definitely check out OB money. There's there's definitely stuff being made to solve these things. So it's just going to take a minute.

I can add a few projects that I'm pretty interested in as well. I think overall some of the infrastructure projects coming out like it is, Joseph mentioned, like I think that we're, we're getting away from a lot of these D5 money grabs and we're seeing like actual products being built that have real use cases.

Among them I think are ZK Evms. So it's you know zero knowledge EVM equivalents that are coming out and there's the obvious like ZK sync is building on Scrolls Building 1 stark where and I think that they they overall make etherium ultra performant and allow us to do things. You know it essentially it almost a cost less basis so it makes everything way more optimized. There's a few others, one in particular and I'm a big fan and maybe biased here but as eigen layer.

Umm, it's it's a new primitive on on etherium that Long story short allows. You know, as we see there's massive amounts of etherium being staked. The problem with that is it's kind of trapped liquidity. It's not very capital efficient. So if you stake your Ethereum, your theorem sits there. You could do like liquid staking derivatives with like LITO, but at the end of the day, like that portion of security of network security just sticks within the Ethereum ecosystem. I can layer effectively all

Smart contracts and essentially rent that security out to new protocols. And the key take away really is that if people, if new developers come into space, they're not responsible. If you look at things like bridges and data availability layers like one of the owners burdens is that you're responsible for your own network of validators, igen layer kind of release that and you can essentially rent from state to etherium. So you're not responsible for stringing up your own security network. And I

Focus on developing and and not focus on building out security.

There is something I'd like to add. So everyone says how in the bear market it's the perfect time to build, but what I'm excited for is the fixing of what was built during the bull market.

So during this time, well actually during the entire downturn caused by FX and Alameda.

And I put a lot of stress on blockchains and infrastructures and on Salana especially, you could see a lot of stress on the whole device ecosystem.

So what happened with the the things that either slightly got broken during that period or revealed some vulnerabilities, weaknesses, well, things are now spending time fixing what was wrong with those protocols, so that's what I'm excited about.

Love that, yeah. Being able to just take a minute to focus on sort of improving that existing layer real quick. Conrad, I know you've had your hand up for a while. What did you want to jump in?

About.

Yeah, sure. Thank you very much for finding me on this stage. I'm excited about a lot of things. Obviously my own token, which I won't shill here, but the real thing I'm excited about is CBDC's.

And here's why.

So spicy take yeah, let us know.

That's definitely spicy. Let me see what what you got going on spicy.

Alright, so this is the deal. OK, all you guys here are very knowledgeable about crypto. The average guy on the street hasn't got a clue. He doesn't even understand what Bitcoin is. And CBDC's are bringing in every single person into cryptocurrency because they are all going to be forced to use digital currencies. This is the great silver lining. And the people who are going to educate the populace are the government themselves. And then everybody's going to realize.

That there is a new network economy that is outside of the control of the government and that is decentralised finance. And that is why I am extremely excited about Central bank digital currencies. The Biden executive order stated that their primary goal is to get this done, and they are. And the work that's being done now is being accelerated drastically because they finally opened up their eyes to the Chinese digital one being.

A possibility of apsi usurping the dollar as being the reserve currency of the world. So yeah, that's why I'm excited about CBDC.

So the obvious you know what what you'll hear from you know crypto natives is the the massive potential right for sort of coercive behaviors right with CBDC's. You know something you hear a lot is you know surveillance with CBDC's or control over sort of how people can use their money to a greater degree than you know currently exists in in currencies government currencies. Conrad I wanted to get your take real quick before we you know continue on.

Of does that.

Do you have any nerves around?

The.

Potential for that coercion around CBCS or do you not really see that as a risk?

No, it is a risk. And of course the the interesting is about America. Far as I'm aware, you live in a democracy, China is a communist country and the CBDC framework has not been set and there will be public consultation about what and how and why. You know how this is all going to work will be up for public debate.

Now the ultimate test of of course will be whether the public trusts it or not, because it is all about trust. And so This is why again, I say I'm very excited going forward because this is just gotta push the mass population into realizing what decentralized finance is all about. I think the potential or greater control of the population, greater surveillance is clearly there. It's been evidence and it's in place right now in China, but we are seeing the result.

They're huge demonstrations going on, not just about, you know, the C word, but about the digital one that's been foisted on the economy. So it's not cut and dried in that way. And I do have great faith in the democracy of America, but it's coming and we're not going to be able to stop it. I mean, just two days ago Nigeria introduced their Central bank digital currency and the way that they are forcing adoption of it is that they've told.

All the central bankers that they must limit the amount of cash that people can withdraw from their bank accounts and ATM machines.

So it's coming. There's nothing we can do to stop it. But what we need to be able to do is to understand that the framework in America has not been set. And now is the time to start writing to your congressman to, you know, air your concerns. And all the people in this room are very knowledgeable, and you are the people that need to spread this information around.

Are you a player like, I feel like your agent? I just. I don't know.

You know, he's just a smart man. He's just a smart man.

Noah killed? No. Like CBDC's no.

No, listen girl, you already listen. Just will confirm. I've been saying this for almost a year now.

By the time you all get some information, it's already happened.

There are 12 banks currently right now testing.

Testing an actual program so that they can be engaged and use crypto. That happened four days after the FTX collapse, so four days after the FTX collapse.

Real quietly, there was this test thing and there's twelve banks doing this right. Oh, we're just going to try it out. Like no, no it's not. We're just going to try it out. There are new was coming. CBDC's are coming.

He's right. And is it?

No where.

But, but are we bullish on that though? Is there something that we're happy for? Is that something that's going to bring about some kind of like?

Well, you can bullish on it. You can still be bullish on it. I mean you don't have to like it, but you can be bullish on it. I mean, look, there are people who know how to make money in this world and those people who know how to make money are going to say, hey, I may not necessarily like this, but guess what, I can make money off of this and if they're able to make money, they're going to and that's effectively what this is. It's an opportunity to make money because if you're watching what's h

As opposed to the five foot view.

You got to do it.

See, I understand what you're saying, Akil, because you know, that's how I move anyway. If I could make money off of something, I will and I will. But you know, to say that it will bring about somebody some kind of like transition to defy and people, you know, what makes you think the government is going to not regulate the hell out of defy, you know? Or.

You can't.

Well, let me, let me, I'm just gonna say this, Karen. I appreciate you bringing that topic up because and it's what kills. So saying was, yes, around June is when the 12 banks end up getting together to create a committee. Of course what they're doing is not necessarily regulate. So what Conrad was referencing to is there's a peer review phase and testing out the bills whether it's passing through legislation or not. But there's not enough people that actually have submitted to our governments o

We've had two years one submit, one year review. Submission was centralization is and understand what blockchain centralization does with the saxes or you know you know tread 5 versus ball blah. This year also NASDAQ is going to end up opening up to actually so Gray scaling off her actual stocks in actual crypto currencies blockchain and they're creating their own NFT market. But after the one year review nobody say anything. Everything was hush hush. There was a peer review put in. They actuall

In the United States, nobody actually submitted enough out the entire populace of our nation. You know US.

We've only had like 800 some submissions, but we still have, you know, we still have to submit our statements on what DEFI is now also the 9th of this this month.

The European and the UK luxation for their their equity tables of what their Securities Exchange commissions are for United States, they were moving around, their regulations and bills passed and your Europe itself has said that there is no security for tokenization in decentralization. So what does that say for America? We are going to see a lot of people with these offshore accounts and so forth.

Moving into D5, does that mean it's gonna be necessary in the future? No. I wanna see a harmony, but there what he has does have some plausible.

Your statement.

Yeah, it's an interesting take, Eric, I know you've had your hand up for quite awhile. Sorry about that. Wanted to grab some space for you to speak if if you've got something.

Yeah, absolutely. I was just kind of listening and just chatting and, you know, listen to what you guys were saying about new technologies and platforms and.

I kind of was listening to what, you know, Stacy's feedback to a kill. And I think, yeah, CBDC's are gonna come, but I don't think they're gonna stand in the way of any, you know, heavy innovation or handling. And I think, you know, directional wise, the more people try and regulate crypto, the more people are going to go ancillary products. But what what I was going to talk about though is I think, you know, when you look at like the future of the next bull run or, you know, your topic is let's

A better web three in my opinion is one that allows people who've never touched crypto to make it you know that interaction pretty seamless right. And right now I think the biggest you know kind of issue for our growth is that we to interact with crypto is clunky you know to buy it, to sell it, to transact, to use products. And so you know we're working on a product called Travel Swap which is and I I know Joseph and a few others in here where you know non custodial being able to you know that E

You know at the very end when you click checkout you're able to connect your wallet, pay with any crypto of your choice and and have more of that liquid rewards points. And so I think when you look at like technologies of like what's going on.

What are going to be the products that bring in the the quote UN quote normies it's it's gonna be stuff like that or what Starbucks is doing right where you know they're they're doing journey stamps as part of it. You know some of these products that then you know they have high use cases they're highly transient they're they're they're things that people interact with everyday and I you know you're going to see these NFT's really not be called NFT right they're going to be called stamps or meme

Web three, it's gonna probably come in that type of form or shape and I don't think.

I don't think anything the government is doing CBDC wise is going to affect that innovation, right? The government moves too slow for any of it. So I don't know, just a little bit of a rant there.

They'll be called digital collectibles.

They'll be called digital collectibles by you know a portion of people. I think to always the core Web 3 right. It's always gonna probably be NFTS. I think the lingo right now especially for.

You know, retail is that NFT's the name have a bad vibe. It's like a scammy term almost to some people. So I think the more it changes, yeah, if they're not gonna be called that, they're gonna be called other things. So for sure.

I mean, I think someone always says, like, we don't call videos MP fours, right? We're like just hey, send me the video.

True.

No one's like send me the wave file. Not unless they're like an engineer or something. You know, like send me the wave file, send me the the WebM. It's like what? It's like, no send me the video. Ohh OK like where are you naming the classification of the video file? That's weird. So yeah.

I got a question too. Who's regulating CDC's the American government?

No, each country is trying to launch their own. So it's basically the way I see it, you know, is you have all these countries with bad debt and they're all just trying to tie it to some new form of liquidity or bond and you know now they're going to back it to that. So just take all the bad debt that they've tied to the dollar and now they're just going to repackage it, put a bow on it and call it to a coin. It's the same thing if FT with his bankrupted company decided, you know what we're going

I'm dying.

Right. And and they're gonna convince you it's the new, it's the new bees knees and every country's doing it. But I don't. I don't.

So it so is it is as easy as Bitcoin to transfer money, you know worldwide with with the CBDC's.

I think they're hoping that.

It will.

I think that as as as the name suggests, it's regulated by the Central Bank of each country that's going to issue them.

I'm gonna.

We'll see B stands for custodial backed.

Central bank. Bank.

The I, the I OS or ISO is the international standard operations which is multi committee members from all over the world, which when we talk about crypto, the tech, there is a committee meeting coming up. I forgot which location is going to be held in at this point in time, but they're going to be talking about the transferability of CBDC's along with other cryptography that's associated to blockchain technology in.

You know, national currencies and those standards are.

Talk to your committee Members, I'll just say that and write to them along with legislation, so they can actually have a certain consensus mechanism over what the people which would actually be more beneficial for the economic systems.

Yeah, I.

Yeah.

I'm like let you click cause go ahead, go ahead.

Doesn't say I agree entirely. What kid saying it's very easy for us all to be caught in our own echo chambers and caught up with the technology. But I speak to normies every single day because I'm trying to get blind to my network economy of pole Zen. But it's absolutely clear they have no clue what cryptocurrency is. And I'll just reiterate again, the incoming CBDC and you're not going to be able to stop it. It's coming. It will make people.

Or where of what cryptocurrency is. And then they will gravitate to all this wonderful new technology that we are all involved in implicitly. And if they will see the benefits right now you talk to any normally they haven't got a clue and that's why I am still excited about the CBDC because it is going to be a national education program that none of us could, you know, ever hope achieve through our collective efforts ourselves. The government is going to do it.

For us.

Ohh, it's gonna get fucked.

Every every time I hear the government is going to do it for us, I think about welfare like, you know, it's like, oh, it's beneficial, oh, this is beneficial. Yeah, sure. But.

Yeah.

Yeah, not BC's are not beneficial. They're only benefit, there's no question. And that's why they keep saying it's not the CDC itself, it's what it will lead to and it will inevitably lead to that because the the biggest thing that's missing right now for for mass adoption is education.

Not not wishing for.

I'm not.

Like.

And Conrad, if you ever hear me talk about mass adoption, I just feel like everybody's in such a rush for this mass adoption to happen. Everybody just like, you know, we want this to happen so fast. We just really do anything, right. So you're just willing to let the good, you know, just say, hey, government, go ahead and regulate everything. We want you to regulate. People push for regulation right now. And instead of coming up with solutions long term instead of coming up with solutions long t

I'm sorry, I'm sorry.

You know, just just to, you know, you know, people come up with instead of us finding solutions long term that can benefit long term. You know, there's just such a rush for mass adoption that is very troublesome to me because you know people will adopt the technology if it's useful. That's just period. You know, forcing people to adopt technology is just like, you know, I'm going to force this technology on you and you're going to use it. No, you know, if the if the technology is worth it, if th

Range or is useful and people will adopt it that that happens with everything. So you know this whole push for mass adoption is just odd to me especially in this fast-paced movement that we're trying to create. So you know that's just my only issue. I'm seeing things that are dangerous. I'm seeing things that you know that obviously you know defy the centralization and and all these things we talk about are it's it's.

It's in the opposite direction, right? I'm seeing all these things kind of disappear because people want mass adoption and, and that's my only issue, that's, that's really my only issue is that, you know, slow and steady wins, the wins, the race, but everybody's just in some kind of rush for everybody to Creek to in their lifetime because they want to see it, you know, to adopt cryptocurrency and blockchain technology. So, you know.

Is is detrimental to me.

Grape.

I gave all my major quickly answer.

Yeah. I'm hearing from from both of you guys sort of this. Sorry, I'll hand it over to you in a SEC, Conrad. But it seems like there's sort of a call to the responsibility that we have as the current sort of builders and stewards and users of Web 3.

Not deeper. That's not define. That's not defy though.

But that's my point exactly.

To make sure that, you know, we're preparing a place that when people come, it's actually worth it, right? Like I hear you saying, stacky, that, you know, if we rush to get everybody in here now, I mean, what happens if they were here six months before FTX collapsed? I mean, most of those people probably left, right, right. Well, and that's not D5, but that's crypto and that's sort of what they would get exposed to, right, because SF was a bit of a Golden Boy in Washington, you know?

My point exactly. Nobody understands the difference between cphi and D Phi anyway, and that is a big problem.

Right. And that's kind of what I hear you saying, Conrad, is like, well, this is happening, right? So we have centralized exchanges, you know, sort of taking over. We have regulation coming, CBDC's coming. And so it's kind of up to us to be ready for the people that they'll bring so we can show them, hey, you know, there's an alternate way. There's D5. There's a better way here. There's better things being built and there's ways to to retain some of your autonomy. Am I am I understanding you cor

Yeah, absolutely. We've all done a very crappy job of educating the public. And what I'm suggesting is that the government will do a better job. And you're absolutely right. We have to make sure that the technology is useful. As the young lady was saying, it is absolutely critical, and it is and it will be. And it is. It's centralized finance, the screening everything up, not centralized finance. All that centralized finance is, is traditional finance guys using cryptocurrencies in the same way

In traditional finance, This is why we have the names of Bernie Madoff and Ponzi schemes and Lehman Brothers and Enron being bandied about all the time right now.

But people don't understand the difference between CPI and DPI, and that's what I'm saying. We're doing a crappy job of educating people. And that's why I am optimistic that with the Advent and the imposition of Central bank digital currencies, it will spur people on. It's not going to be instantaneous. Mass adoption will take a very long time. And you're right, only when people understand that it is a better option will they adopt the technology.

So don't you think that's an education issue versus because you're talking about the government who has you know, you know the United States government and the United States education system is is very poor, right. So you're talking about educating people the leaving the government in charge of educating people on centralized and decentralized finance through CBDC's right.

No, they look like people.

I just feel like.

I just.

They're not gonna want people. People people don't know and cryptocurrency, period. What they government will do is give an introduction to what cryptocurrency is. People will be using it in their everyday lives, which makes it far easier for us to spread the message of.

Well.

People, people use credit cards and don't even know how they work. So you know, it doesn't mean, you know, using a CBC people will actually understand how it works and what they are actually using, right? So I just don't think that's the solution. If you're talking about defying what you want, you sounds like your goal is to educate more people on DFI. There has got to be a better way to educate and people on D5 than relying on your government, you know, I just.

I want.

Like it's a lazy way. I feel like there's there's actual work that could be done.

Have a choice?

Yeah, I think Conrad really quick. Conrad really quick because I know Eric had his hand up for a while. Let's make sure to get to Eric and then flip side if if you can check your messages really quick.

Yeah so I'm I'm a big private business guy and you know I'm, I'm I think that you know when you look at governments hand in anything it typically can't do it as well as private business right. I just I think that's been time and time again. I mean we haven't put a rocket up to space in 50 years and Elon's been able to revelation and so I think that kind of sets but I will say this I think.

While CBDC's may get some people, I will say that Schwab, uh, you know the the E*Trade, these 401K IRA stock companies that are already now going to since they already have securities licenses, right. They're they're going to now distributing and crypto and I think when the retail person starts looking at you know 401K or ETF options and they realize they have crypto and ETH and everything in there they're they're going to get exposure through it through their.

You know, their financial advisor, they're gonna make it part of their whole life view, right? They're gonna, they're, I think they're gonna have a much more growth of that way. Not to say government pieces won't have it, but I sure hope that our private entities even those that maybe you know are doing it selfishly do a much better job of onboarding the, you know, the retail person because it's easier to say like, hey, it's part of your plan.

But they are onboarding people into C5, which is exactly what we don't want. We don't want middle men, so.

No peace.

Open saying that.

Well, a government backed coin is, is, is, is, see Phi, right? It's not D Phi. There's no government back coin in the world that is ever going to, no one's ever gonna use for D5. This is the reason people use tether over USB C, right, because they don't like signatures, bank involvement, they don't like that it can be blacklisted. This is the reason dye was nervous to have, you know a portion of their Treasury B, USD C, right. And so you're just, you know we we replace USD C with CBDC, but it's

So on Pro 4.

Like, really, nobody's saying that the answer, what I'm saying is education is the answer.

Patrick had his hand up, and then I got something to say.

Yeah, everyone again, I love how, you know when the question is what we're excited about. Everyone has a project or done they're super passionate about even though we might not always agree about what those projects are. But everyone is excited and everyone's kind of looking forward. So I really appreciate that in the space as a whole. And I wanted to kind of echo what's been said here about, you know, education is important and kind of data coming from different sources important what Aslan and

We were discussing with data coming from and one source and interpretation that you know, it doesn't have to be the case and it isn't always so something that I'm kind of really excited about in the space, A plug for something we're building at metric now and we're going to announce a bit more tomorrow. So this is a super super app sneak Peek Preview mentioned, but we are thinking a lot about you know, analytics and insights and data kind of insights and.

We can learn from data coming from the communities and coming from kind of individual analysts coming together and they're building something on that front. So if you want to stay tuned on our Twitter account, on our socials about kind of what's coming that way, we would really love to, you know, empower anyone to both get a request insights and analytics as well as create. And we're also really excited to be, you know, educating the new generations of analysts.

The chain and doesn't have to be like flip side said, said earlier. It doesn't have to be complicated, doesn't have to be kind of really high level, far away skill. We are helping analysts kind of get started from zero to one and love continuing to build that. So if you want to check us out, you're here at my trip down.

Sounds super interesting. Thank you for sharing that. Go ahead, kit.

Alright, this is such a heated development in space that you guys are going every which way and covering so much to unpack for everyone. I appreciate the space. One of the things, you know, I'm not trying to backpedal too much, but referencing to education spaces for others and what the general population can actually, you know absorb and relay is very hard when we talk about mass adoptions and and you know the caveats as Jackie ends up having.

Is the same as you know if you take a the emotion out and not try to equate the monetization of these blockchains and try to actually.

They have favorites within the ecosystem is more or less you look at what what I talked about the.

I ISO, which is the international standards of operations, but in America there's a committee of a NSI, which is the American National standard, that people should try to educate themselves because I take more of a technocratic approach, which is not government and politics, but is communicating with the government regulations on what the standards are. And they have control over what cryptocurrency, cryptography, languages and computer languages that are associated.

To how we enter into the space, because no matter whether centralized or decentralized, centralized, decentralized is that we all have a TCP, which is a network of how we enter into the Internet at this point in time that we're so early. It is no matter what a form of centralization and how we tokenize and associate our money too. It really can still be.

You know, token gated in a formal way, so we try to try to not get too messed up and cause and effect rather than what the cause is. And I want people to try to read, reimagine and understand that. Don't get held up into the teams getting it for the game. That's all I had to say.

Beautifully put. I wanna dwell on that for a second and also take a little commercial break. 30 seconds if you want $250, if you are a person that likes money. So every single one of you should be, you know, 100% reacting this right now we have a pinned thread up at the top where we will give you $250, one of you. We're not going to give all of you that much, but just for retweeting and following. So click on that little thread up at the top.

Retweet that follow flip side crypto and also if anybody on this stage has caught your attention, if you respect their position or like what they're saying, dislike what they're saying, just kind of want to watch more drama unfold. Be sure to follow these people on stage because they are definitely entertaining at the least and you know intelligent as well so be sure to give them a follow. We are going to keep doing spaces like these pretty frequently with more giveaways and more sort of builder

Um so if you don't end up making it on stage today you know come to the next one definitely raise your hand. We'll always have space for people to come up and and and sort of talk on stage but with that we'll we'll continue the conversation. So I see that money mom you've had your hand up and I'll see if we can let anyone else on stage.

Hey guys, how's it going? I've been having rugging problems. Can you hear me pretty well?

Yes, we can.

Awesome. So I think like in regards to what everyone saying, it comes down to like personal responsibility and business ethics because a lot of this stuff that's being pushed on people, it's not, I don't think it's education, right? Like when there's an app that you want to use or program or whatever. If you want to use that, like you're going to pay for it and you're going to learn how to use it, right? Like you're going to take training whatever you need to do to use it. And with crypto, it's

Collins and and when they rug or when something happens like or you know they they cash grab nobody holds them accountable and like or it's when the CDC gets to them like so that's another government interference but it's nobody saying like OK this is how these businesses should be structured and like to what kid was saying like already know what the government regulations are what you need like to you know kind of move in the space and then be you know a compliant.

It what the government wants like that that all comes to like the personal responsibility of the business and the the business ethics. I don't think that it's like you know just oh you know once once people are educated on this like there won't be you know any more problems or once the government interferes there won't be any more problems like it. It literally is like OK are we holding these tech companies responsible like are these tokens even worse. You know investing right like people are qu

OK, I'm investing this token because it can 10X or 20X or whatever. Or I can stake it like, but not really, you know, not really.

Looking at the companies like not really like OK does this make sense like and and for me mass adoption it it will come when when we all can agree on something and I think that that's never like I I just I don't think like just looking at like how people use cryptocurrency. Like no one is like saying OK we're going to use this to transact like I'm a landlord and I'm going to like accept this cryptocurrency I'm a business or all of my stories are going to accept this cryptocurrency or you know.

Whatever the case may be, I don't see that happening. I see, you know, some people using it and that's a very small percentage. A lot of people are using it as a store of value, which I don't, you know, like I I won't say like how I feel about that, but I don't see people actually using it for what it's intended for. So that, like, that's a huge problem. And it's like conflicting with the education. Like there's no education in that because it's just like, OK, like what are we really doing here?

That are all grade points money, mom.

I don't know what we're doing here. Anybody wanna answer that?

Hey, Jessica.

Hey, how's it going? How's it going? Um, but yeah, great points money, Mom, thank you for bringing that input. Let's go to a kit and then Zeke and don't and Don.

If anybody wants to chime in on that, feel free to.

I I humbly agree with the money, mom, because we're we're not focusing hyper, focusing on one generic thing and being biased. She's referencing to some things a whole of what we can do at this.

And I think that question goes to.

Individuals of what problems we're trying to solve with it, what are we doing with it, what problems do we want to solve and how we can actually implement that. So I appreciate you putting that fire underneath everybody in this conversation. The one thing for mass adoption, we keep talking about it and we see it moving so fast in space because the information is so instantaneous. Obviously we have to go through hours and hours of information to get the actual, you know, plausible info out of it.

Zooming out and looking at like an adoption chart in general and then we see what we currently know in our economic systems, macroeconomics, economic systems and microeconomic systems.

And actually see that every 20 to 30 years we have the implementation of an actual theory because that's what our our economic systems or micros are into and it takes another 10 years to actually figure out OK, that didn't work. We're going to change it up right now and overall you nationally not just the United States, we're in a more of a capitalistic momentum United States is a low low capitalism but.

What comes after capitalism, we are in maximalism and that causes a a scarcity of you know, it's a form of communism stuff, relying government. And we're going to have to have some form of a great reset. And before that happens, following the charts of what mass adoption is for the first three percentile, the 15 percentile yada yada, so forth, you can actually see how that was already adoption for since the 19, what was it 19?

30 don't quote me on that. When we first implemented, uh, new economics into our systems and we're still trying to learn from it. So blockchain technology and association to money for how we communicate and do our trades. I'm not worried that it's going to it's moving too fast. It's still, we're still don't know what the heck we're doing.

Thanks, kid. Go ahead. See you're up next. Welcome.

Hello, how are you all doing?

Doing well.

About yourself.

So I'm doing well. I wanna thank you all for all of the wonderful information so far. So yeah, we're talking a lot about education on cryptocurrencies and education on NFT's and all of the different topics. And I myself am like basically I started to get interested in the cryptocurrency like space after the FTX crash happened. And so that's kind of what sparked my interest in the whole space.

In general, and.

It has been kind of fascinating to me to kind of see.

What it is, what everything is surrounding the topic and what's going on and like that concept of decentralized currencies and like payments and web three and all of that. And one of the things that was mentioned earlier was the.

The adoption of the word like NFTS, but it's where it's like you know is everybody ever gonna use NFT as a word and it's like I think that it's.

It all kind of depends on who it is going into it because you know say as everybody has kind of stated, if you are connected to the kind of cryptocurrency world and.

Have been affected like extremely by that market crash. Then there can be that negative connotation of the NFT, but the NFT itself like having that concept of a non fungible token, I don't think that that's that's necessarily a bad name for it because that definitely.

Kind of describes exactly what it's trying to be, if that makes any sense.

Um, and then?

On top of that, like for myself, as I'm doing, as I'm kind of getting into it, there are definitely those kind of barriers that feel the barriers to entry of kind of like, OK, Now I'm getting into this, now I open a wallet, right, I have.

Things connected to a coin base card and.

Now I'm trying to figure out what.

OK, what does it take to connect to Web three? What does it take to?

Go and have an NFT connected to Ethereum or connected to a different server, what have you.

Does that make sense?

Makes sense, makes sense to me. Great points, great points.

All right.

Did anybody wanna chime in on that? If not, we'll go to Don.

Thank you.

No. Thank you for coming up.

Oh Donald, sorry, Don's got jokes.

I kind of.

I mean.

Ohh money mom, I think you're rocking.

Hi.

Let's see if you want to give it a.

Is that better?

Ohh, I think it was money mom she's rugging. Go ahead Donald got jokes or Don's got jokes.

All right, all right. I'm pretty sure I know a bunch of you guys already. If not, I don't have any jokes this afternoon. My jokes are towards the towards the evening when it's more PG13R rated. I'm guessing this is a PG room.

Correct.

I mean, it's not even happy hour yet, so yeah, let's try to keep it PG. Uh.

Thank you. Thank you.

Yes, ma'am. Yes ma'am. I'm sorry. All right. So I'm just so excited to be here. Obviously what I am most excited about everyone is the ability to decentralize my life. And what I mean by that is not only with this new Bitcoin and crypto and and T craze or whatever, I'm just, I'm excited to just escape my country because I think for a while the currencies.

Their governments, how they're structured, they wanted to keep their citizens brainwashed for, you know, X amount of years until they actually kind of figured out how, you know, the government's bullshit and they try to escape, right. So we're kind of at that phase, I feel, with technology and with people's rights and people wanting to do what they want to do, not what their government says they have to do or these supposed democracies which are just hidden, you know?

Capitalistic tendencies that we've had for generations on end. And yeah, I'm just a little.

I'm a little excited about that. So yeah, I'm definitely excited for a lot of things, but more so.

I'm excited about the artists. I'm excited about the art that I'm seeing that I've never seen before. I feel like there's this explosion of art that has cascaded the the tech world and especially Twitter. And I don't know if that has anything to do with Elon's, you know, privatization of Twitter, of his ownership finally, or just maybe, I've started to care just a little bit.

More about art in particular. And not just NFT art or one to one or whatever, just art in general and it's made. Maybe it's reinspired me as you know, my own artistry and figuring out what the meaning of it all is, right? Because like one lady said earlier, it's like, like what are we doing? Guys like, really?

I go to really doing right now. Like what do, what do we really want in life, you know, like what if in a perfect world, right? Imagine, imagine in a perfect world.

You could do anything you wanted, right? What would you do? How would you create that world? World. And. And the bigger question is like, why?

Why would you create that world?

Is it to foster your community?

Is it to embrace the technology we have and continue to build it so, you know, maybe we can finally solve world hunger or, you know, like, maybe we'll finally fix the climate change thing? Or maybe maybe we'll finally get to Mars? Maybe. Maybe in our lifetime. I don't know. I don't know. But maybe we'll go to the moon at least. Because that would be cool. I would be. I'd be down for that trip, going to the moon again, right?

69 because I love 69 those letters. I mean keep PG down. Sorry, sorry. Anyway, I just wanted to leave you all with that and goodnight.

Interesting takes, but we'll take them. We appreciate it. Well said, Don.

It looks like Neil. Neil, you're up.

Everyone, yeah, you know, answer the question of, you know, why we're in cryptocurrency. You know, it. It removes the middleman. You're able to transact peer-to-peer without having any centralized authority and in the middle. And that's very different from what we stand here in Web 2.

You can increase savings accounts. Guess what my kids are getting for Christmas?

They're getting their own wallets, dad's depositing some money in them, and they're going to learn about defy.

The market price.

Of going up and down, that's all on market settlement. Crypto still works, defi still works, NFT still work. Nothing's happened to the technology and that's what's I'm so bullish on CBDC's.

Everyone's worried about them. There's definitely pros and and some very Orwellian cons to CBDC's. Some of the pros to them is they're going to be able to institute, you know, monetary policy a lot quicker, a lot faster. It could potentially also ease payments if you want to go to the universal basic income route as well. I find it very hard to believe though that the introduction of CBDC's are going to have a correlated effect to these traditional cryptocurrencies.

Uh, that we're using right now. I've I've thought long and hard about it. I don't see how they interact with those. I'm sure they that that they will just based on market sentiment. But in the long run I don't see them having a very big affect overall in terms of the education of of this space. Yes it is very hard. It definitely takes a community of people. I mean I couldn't imagine learning about crypto you know just all by myself I probably would have quit you know three months in.

My only pushback against that is, um, as we, you know, day by day.

I I there's more information out there, there's more tutorial videos from, you know, well sourced people.

Um, and and and I I say this to my friends and I I would challenge everyone in the space here along with myself. Stop being lazy. The information is out there in this web two, web, three, age. Go out there and learn for yourself. I know a lot of us want things handed to us.

This isn't the easiest thing in the world to you know go from you know Coinbase to to meta mask to, you know unit swap. Go out there, spend some time on it and stop being lazy and and and start looking to learn a little bit more for yourself.

I could go on and on, but I want to give other speakers a chance.

Yeah, I think that was, well, sudden they all can't, can't say no to that.

Patient is key in this space.

Um, who had their hand up next was that money? Oh, money. Mom, let's see if you're back. You were rugged.

All right. Am I rugged?

Money, mom.

I can hear you fine, Jess.

Alright, cool.

You let someone else go really quick.

OK. Yeah. Go ahead, Zeke, and then we'll circle back.

Hello again.

So.

I have been doing a lot of that cryptography research pretty much completely on my own.

And like the whole entire space and everything like that and I think.

Within Twitter, another comment to that kind of comment before about the artist community. I definitely, absolutely love that part of Twitter and the kind of like.

Completely. It has been a mass amount of connections and a lot of art. Definitely not even just connected to cryptocurrency, but just like a lot more art in general has been started to being like shared on Twitter as.

As things going or going forward.

And I'm seeing a lot of art on other platforms as well, such as Mastodon and Instagram and things like that. And I'm seeing that kind of ramp up more.

But the other thing I wanna talk to you is a kind of idea of not being lazy. And I think one of the difficulties with hearing that and having somebody else come in into the space and hearing.

You know, don't be lazy. Do the research yourself.

It can be a very daunting sentiment to come into kind of any educational space where you know if somebody has.

People always want to be able to kind of learn and ask questions and get to know kind of things about the space that they're in, whatever education, whatever form of education that they're trying to learn, right, and having.

Forgive me if I stutter a bit sometimes.

But the.

My brain is trying to like.

Grab the thought. Give me a second.

Hmm.

You're doing good. You're doing good. Um, and yeah, you're right about, uh, more of a Socratic approach where people communicate without causing triggering words to fight over. But everyone's learning together, and that's what Twitter spaces should be about.

Hmm. The.

Because yeah, the other, the other.

Part about it is kind of like.

Bringing that.

One of the other Twitter spaces that I'm.

In a lot is the mental health Twitter space and you know mental health advocates and prevention and kind of like crisis prevention and things like that and.

Anger can be.

Very beneficial to find like one of the.

Best things that I always enjoy is the kind of like being able to explain things like having a really.

Complex concepts such as blockchain explained in that kind of simplified way and I think there are a.

It can be difficult sometimes because within the cryptocurrency world and within the algorithms world and programming and within cybersecurity, a lot of it is connected to mathematics. And those mathematics can be.

Very.

Can almost feel like in a kind of like I'm unreachable concept for.

For some people to grasp because, you know, maybe in their own mind they're, they're like, oh, I've been mad at math my whole entire life, so why would I try to learn any math to learn how to get into cryptocurrency. Whereas it's kind of like switching it on its head and saying, well, you don't need to learn any math on cryptocurrency, you can get into it without knowing the math, but we will explain you the math in a way that is understandable if you so desire.

Does that make sense?

Yeah. Can you?

That does.

You guys hear me?

Sorry, I wanna jump in real quick and then I'll hand it over to you. I just wanted to call out that at.

You know, it's, it's 2:30 Eastern, so we're gonna have to wrap this space up soon. So I just wanted to mark that and then I'll hand it off to you, the money mom, and then we'll give it to Neil and then those will be our final speakers. Thank you guys all for for coming up today. We are going to do more of these, so be sure to come back for the next ones. Don't forget that the pin tweet is how you can enter that giveaway. And yeah, so money Mom, did you want to?

You have something to say.

Yeah I'll just chime in quick because I know you gotta go and I do too and thanks for having the space and thanks for for letting me come up and speak appreciate it. So as far as being lazy I don't think that it's being lazy is the issue more so than it's expect more like you know you have have high expectations for these things that you're you're putting your heart on money into you know like look into these companies and like do ask questions like and so I guess if that's like.

Part of it not being lazy. I don't. I don't necessarily think that that's like the real problem because people are just generally lazy. Like I mean we and it's kind of like how how we're being programmed like at this moment. Like we can do everything on our phone. I talk about it all the time. I'm like, I remember having to use maps to travel like a real map in like using you know use a compass and have have know which way you're going to now using GPS. Like on my phone having to go to the libra

When you use Google you know you can watch videos on YouTube. So everything is very accessible. So I don't think it's being lazy. I think it's OK we we've we have all this technology that like predates whatever is going on in the web 3 space. But we we tend to like be OK with certain things that aren't really like they aren't really up to par, right. Like even when it comes to the wallets, I have a huge problem with like the the transactions and stuff like that.

Customer service and I think it, I think it just comes from expecting more you know from these companies and like really looking at them and like really being being specific and intentional where you're where you're putting your attention at because that that's what's driving the community, right. Like where everybody is is focusing and where everybody is investing like that's where it's moving and it's it's been detrimental like in certain instances, right. So and the government.

They they want this like they they want regulation, they want you know, they're like let's let everything happen, let's see people get burned and then let's come in and saviors. So it's it's really up to us to kind of work together versus doing a whole bunch of little stuff and not really collaborating.

All right. Uh, Neil, did you have a point you wanted to make?

Yeah. You know, on, on, on the Lazy comics. That seemed to struck a nerve. I didn't intend that to be a derogatory to anybody, but really to in an effort to kind of challenge what, myself and, you know, other people in the spaces. Yes. You know, you do need to do your own research. I think we hear that phrase all the time.

A lot of people, including myself, when I started out doing this well, what the heck does that even mean? You're telling me to do my own research? Well, how do I do that?

I'm one of the most helpful people with all my friends, my you know, all my web, three friends. We all learn from each other. There is plenty of stuff that that I don't know and I tried to find the answers out and I look to either confirm or have a discussion about something that I'm trying to look into. So I'd encourage anybody as we're all trying to get smarter in this space, find the community, find a group of friends that you're able to converse with, be open and be vulnerable with. It's kin

Of Weed 2 how to continue to progress in this space. So I I do stand by, you know, kind of the quote of don't be lazy. I say to my kids as well, you know, without working hard, you know, there's really no satisfaction once you do reach that goal line. So having everything handed to you, I don't feel is the best way to approach life. It can be helpful, certainly at certain instances and whatnot, but.

That you are learning as you are doing your own research, you are becoming a better self and you'll be able to take those tools to other situations outside of crypto and outside of web three and be able to apply those there, so.

Yeah. Well thanks for sharing that and for clarifying your, your stance. I think it's always good to hold ourselves accountable and you know try to improve how we are participating, right. I want to thank everybody for joining and sharing your thoughts. This is a really interesting discussion. We are going to do these more often. So always feel free to come back and on the topic of do your own research flipsides main sort of point of existing is to make that easier on people, right. So right now

Asking for feedback.

And sort of looking for what would make doing your own research easier for the average person. So you can try that out at next.flipsidecrypto.com. And if you're interested in becoming an analyst or learning those skills, it's a lot easier than you might expect and metrics out right here. Our co-host is a great place to learn that for free as well. So thanks again, money Mom and Neil and Zeke and Eric and Kid and Jack and Marku and metric style and Akhil and Jess and everybody who came up on this

And everybody who's listening, we will see you next time. Wednesday is when we announce the winner of that giveaway, so you still have time to click that pin post, retweet it and follow us.

Love the clap soundtrack? And yeah, so be sure to get yourself in on that giveaway. We'll announce the winners on Wednesday for our Twitter space and we will see you all there. Thanks so much guys. Enjoy your day.