Let's go. Let's go.

Hmm. Let's get her ready.

Ladies and gentlemen, welcome to the Million Marathon on Twitter spaces we are live.

Let's get down. Let's get down. If you wanna join this conversation right now, hit the request button right now. Let's go.

So let's get down. Let's get down there, ladies and gentlemen, we're going.

The dog.

I'm about to let my mom speak.

Friends keep telling me ladies and gentlemen, get ready for a hell of a conversation tonight.

Let's go. Let's get.

Prisons.

191.

You had a million, million nights just like this. So let's get down, let's get down there.

Skip, skip.

Give you one more.

We've had a million, million.

Let's get down. Let's get down.

Ladies and gentlemen, do me a favor right now. I want you to hit that chat feature at the bottom right corner, your screen. Let them know the million marathon is absolutely live on Twitter spaces right now.

Get that set feature at the bottom right of your screen and let him know where lie.

Listen, we're gonna break it down tonight, man. We're talking about the NFT crypto situations.

Versus the real estate situations, we're going to talk about the best investment vehicle, the best investment asset and we're going to break down a bullshit man. Let's go.

Whatever.

Can't leave. You stay the same. Let's go do this for another day. So let's get down, let's get down.

Let's get down. Let's get down to business. You one more night, one more night, gathers, we've had a million, million nights just like this. So let's get down. Let's get down to business.

Let's get down. Let's get down.

We've got a million, million.

Let's get down. Let's get down.

Ladies and gentlemen, welcome to the Million Marathon live on Twitter spaces for the third day in a row. Let's go, let's go.

You understand what I'm saying? Listen, we got a lot to talk about today, OK? We got a lot to talk about today. And by the way, guys, this stemmed from the conversation we had yesterday here on Twitter spaces. You know, a young lady came up to the stage and said, hey, Nelson, right? What do you think about me getting involved with NFTS? I don't understand the space. I said listen, ma'am, it's some bullshit. It's trash. It's wack, right? And all of a sudden I see my mentions going off like, man,

Yadda, yadda yadda. So here's what we're going to do right now, right? We're going to open a space whereby we have real estate professionals in the game, right? We also have crypto professionals OK in their game. And we're going to debate what makes the most sense for the average individual, for the everyday American, for the everyday person of the world. What makes the most sense, right? In my opinion, you already know it's got to be real estate, OK? There are a lot of reasons why I'm saying it

You guys are gonna, you know, get to get to get to hear a lot of this as we proceed during this conversation. But real quick, I want to go to my man, Anthony Glenn. OK, Anthony Glenn, I I want to catch your vibe right now. I want to, I want to know what you think about this whole, you know, conversation, this debate. Right. Real estate, crypto, Anthony Glenn. Let's talk about it, brother. What are your thoughts?

Ohh man this is super easy bro. Like you, you already knew. You know, you saw my crypto portfolio and I lost my ass. Real estate right now is still holding strong. It's super easy to look at this stuff because I mean very simple real estate, you get to depreciate. It's a tangible asset. You can see it, touch it, feel it. You get the depreciation of the asset. You can put tennis in it to cash flow. You know you can't do that with crypto. You you just can't. And right now there's a lot of people t

Versus real estate where people have that tangible asset that still killing it today regardless of if it goes up or down. I still have the depreciation of the asset. Single family home, 27 year, 27 1/2 years, what's what's commercial, 39 years or something like that. So I like real estate better. I mean, I tried the crypto thing and I'm taking a beating right now, but my real estate is standing strong even with it with the market going down.

Anthony explained appreciation for the crypto people in the room that don't understand that concept. You know they don't understand that concept because they don't get that shit, you know, with these crypto assets. Talk about it for a second.

OK, so a single family home. Let's just go with a single family home. A single family home at, let's just say 500. You can hear me, Nelson, right? You can hear me.

Absolutely. Let's go.

OK. So let's just say I bought a single family home at $500,000 and I put tenants in that property. That that property is cash flowing for me. But not only that the the IRS is going to allow me to depreciate that asset for 27 1/2 years. So simple math, if you're making a lot of money, you own real estate. That's why you have these big, the big multi millionaires buying real estate because you can depreciate it. So $500,000 property, just take that and divide it by 27.5 that means that I'm going

Text a tax deduction. A tax credit, not a tax credit. But I get to depreciate that asset $18,181.00 every year.

You can't do that with crypto, OK? So regardless, you only you make you make money when you buy real estate, not when you sell it. So real estate to me is a much better.

Stable asset because you know the depreciation, the appreciation and then also the cash flow of it. So it just makes more sense.

And by the way guys, that single family homes, right, with commercial assets, right, you'd appreciate every single God damn thing in year one, 100%. OK, you know with the tax laws, it changes from next year it drops down to 80. But as of right now through December, you still have that 100% margin, right? That means every bro, you take advantage of all that in year one. So if you're an individual that has a, you know, a huge tax bill, you know, you got tax liabilities or whatever the case may be.

We're able to essentially you know take advantage of this via real estate and you know not have to cough up the dough to the IRS. So essentially the money you you were supposed to get the IRS now you putting in some God damn real estate and you're earning passive income without that money just disappearing into thin air by going to the IRS. You know that's a big that's a huge benefit of real estate in comparison to crypto you know which quite frankly crypto doesn't have right cryptos, NFT's none

Concept and one pro to real estate and one con to crypto. You know that we're going to be that we've talked about during this conversation already. Listen, ladies and gentlemen, I want you to do this right now. Click that link at the top of the page. That's the link to this room on spaces right now I want you to tag every single crypto NFT expert you've ever heard on this God damn app. Talk about or push crypto NFT. Tag them and tell them to bring that ass over here.

No, no.

Let's go, Nelson. Let's go, Nelson.

Now say those guys.

Bright, bring that ass over here, boy, because we listen now. Now we gonna teach you how this shit really fucking works. Best I jump in my brother talk about it.

Those guys, those crypto fakes, frauds, phonies are all real quiet right now. In fact, I I think, I think I've seen them in court during that. They're in that court with the chapters, right? Chapter 7, Chapter 11, filing for bankruptcy. Those motherfuckers are broke. You know the what? What do you do? Can you live in your crypto house? Can you drive your crypto car? No. But real estate will keep you warm in the winter. Real estate will keep.

Paying you? You can't do nothing with these, shitoshi backed. What does your shitoshi? Who is shitoshi you ask? Ohh Satoshi, the guy. He founded cryptocurrency and he only made 21 million Satoshis. Who is he? Oh, we don't know. What's he look like? We don't know. Where does he live? We don't know. I mean it. It's the emperors new clothes and all these people bought in to this nonsense and they're paying the price for it.

I see a few people in the audience that I want to bring up to the stage right now, if you guys don't mind coming up, a few people that actually, you know, the bio looks, they, they look very intelligent from the bio I'm seeing. And I definitely want you guys to come up right now and talk about this space, you know, I mean, let's have a healthy debate. You know, of course we're going to have horns. We're going to have guns and freaking bombs and you know, all this shit because, you know, it's the

They want to learn about the crypto space. You're going to get a chance to do so in this room tonight. For individuals in the audience that want to learn about the real estate space, you're gonna get a chance to do so in this space tonight. And if you want to do both, shit, you know what I'm saying? Apps are God damn, Louis, Seth, Mutari, my brother, I'm trying to bring you up on stage right now. Man, I love your bio. And you know, I definitely want you to engage in this conversation as well. So

Don't listen. Once again, you know, million marathon. We're nuanced spaces, OK, we're popular on clubhouse, but we're nuanced spaces. I want you to tag every single crypto guy girl on this app. Tap the link at the top, which is the link to this room. Tag them and tell them to get in here. OK? We're going to have a debate between crypto professionals and real estate professionals, all with the benefit of people in the audience learning something about either asset class, right?

Seth Mutari, my brother. How you doing tonight, man?

Good. How about yourself? Happy Sunday.

I'm doing fantastic. It's a pleasure to meet you. Is this your first time in a million marathon?

Yeah, likewise.

Sure thing.

I appreciate you for being here, my brother. You know, I've seen your bio, definitely. You know, seems like you're very educated on a space and I want to hear your thoughts, man. Crypto real estate. Let's talk about it.

Um, so.

I would ask you, um, are you talking about investments or are you talking about a project?

What are you talking?

Yeah.

Specifically. So let's let's dumb it down for the average individual, right? The average individual looks at crypto as something that they can put their money in and get some form of return at some point in the future. Same with real estate.

Uh, that is that. That is wrong. So you that's again, that's my opinion. I've been in crypto space. I have traded crypto.

I have built some projects on crypto. I'm out of crypto, but I'm building a utility that helps businesses basically accept crypto as a payment.

So for these kind of projects, like for example you use Bitcoin, Bitcoin is good because you can transfer money from A to B.

And borderless.

Across the border and if you want to get involved, get to mining but don't take it as an investment. That's my opinion. Otherwise, if there is a real utility with crypto, there is a lot or.

And FT or digital identity, there are some projects, but I wouldn't take any crypto just to buy it and as an investment, that's my answer.

For real estate, yes, I mean, it's passive.

Investment. It's low risk.

Lower return. So again, if you know what you are doing, you're trying to trade, that's fine, but I wouldn't take anything as an investment.

What?

Crypto is not Bitcoin. Did not people they tell you to hold Bitcoin and the Bitcoin?

Network and the Bitcoin survival is to use an actual network. It means you send a Bitcoin from A to B, you use it as a settlement, you use it as a payment method. So if you if you huddle your Bitcoin that means the Bitcoin network is going to die. So when if you look at Satoshi's first white paper it says P2P payment system. It did not say P2P investment system or payment and investment.

System. So that's kind of like the misconception about.

Crypto in general.

Of that makes sense.

Yep. Yeah.

Well, that's a very interesting perspective right there. I think that's the first time we've ever heard that, right guys. It's probably the first time jump in, Anthony.

So what is so So what he's saying is if you hold crypto as an investment, you'll lose your ass. And he's right.

So, so again, so with any, so I'm in the stock market as well, I sold mostly my stocks and crypto the past year. It depends on the time frame when you get in and what's your perspective, how much you want to hold and what is your risk. There is nothing about like hey, I'm buying this and you know there's no certainty if you're going to lose or you're going to basically win.

On your trade, whether it's crypto, it is an investment. It's usually your amount of risk and calculations and how much you want to hold the investment. But what I can say is.

With real estate, with stocks or companies or project what what I said project is better because you need to see the fundamental of the business and the crypto there is like the crypto itself, just the coin. There's no fundamental, there is just supply and demand. So you need to look at.

Projects where there is a utility, a business case where people they are using it and they are paying for that project to generate money.

Wow, wow, wow, wow, wow. I mean, I'm, I'm. I'm learning something new right now. Right? You know, we've had multiple conversations on this topic on clubhouse with hundreds of thousands of people, right? And you're the first person. First person.

Who's ever made those statements about crypto before, you know, and I want, I want to see if there's anybody on stage right now or in a role that's a crypto head that disagrees with you.

CCP, go ahead, crypto cloud pump, let's talk about it.

Hey Nelson, how are you map it's it's.

You're fantastic, man. Let's go.

It's it's literally the the place to be like it's uh to be honest, there is no comparison between uh, crypto and real life assets. It's.

Mandatory to have your own house to a roof above your head and then decide to invest in crypto or gold or whatever fancy your mind. But to compare even IRL in real life assets with crypto is just just math. It's the main thing. It's a priority to to to collect whatever gonna keep you safe. Sound warm as as Brian said and then consider crypto or NFT.

Or metaverse, because again, it's all virtual assets. Yes, it's affecting a lot of people life right now. Here in Dubai for example, you can go pay for your food with crypto and get your car with crypto by your house, pay your rent, pay your utilities, every single thing you can do with.

Fiat, you can do it also with crypto, but still you cannot actually invest or collect like I see a lot of people that doesn't have.

Stop the IQ that go and buy a metaverse land for a crazy money without even putting down payment on a house, I called the them.

But I think it's mandatory to take care of your IRL 1st and then invest in crypto. A lot of people four years ago or five years ago both etherium on 100 or $150 now they selling for 1200.

I call that a win.

People also bought Bitcoin for dirt cheap. Now they're enjoying the good life. A lot of tokens keep coming every day. That's a lot of when you can go from this, but as long as you have the.

Wisdom to put what you can afford to lose as.

Exactly.

Exactly that. That.

What what about the losses, though? What about the ales? You're talking about the W's right now. What about the L? And listen, from what I know, the L's outweigh the W's right. A lot of people lose more than what they make.

No, that's what I was just saying.

Yeah, what I was just saying, as long as you're trying to do, uh, sorry, trying to invest what you can afford to lose, it's totally fine. It's it's OK. We invest in a new thing every single day. Sometimes we win, sometimes we lose, but definitely there is a lot of good project.

Hmm.

Ohh, that's wrong. That's just wrong.

Exactly, that's.

But, but, but that's the CCP. But that's the problem though. But that's the problem though. The problem is a lot of people are grabbing their God damn life savings and like you said, some people, some people would rather buy land on a metaverse instead of dropping it down. Payment on the God damn hell. A lot of people are following this crypto craze right now.

That's. That's just wrong in every single.

Like in any universe, in any in anywhere around the world, that's what's wrong. There is a like. There is an order for priorities you have to follow. You have to own your own house. You have like.

A person gotta be smart, man.

That's that's not the way to go, but I'm definitely like like I love the title, love the space, I love every single one of you guys. So.

Topic that we should discuss more often because people think it's a quick buck without even doing due diligence on a project or doing the diligence on the founders or checking track crackers. That's the wrong way to do it. You should vet every single thing before you invest in any business, not just script or real estate or anything. You go to your own. Sorry. If you're going to buy a house, you have to go through the neighborhood every single time you ask the neighbors what's going on.

So on and so forth. Same thing with script or any new investment. You have to vet everything before you take the but.

So, so Nelson, he's basically saying what Kanye said. Nah, Nah, Nah, Nah. Wait till I get my money, right?

Yeah.

Been stuck.

Please don't ever do that again.

Set out the Kanye West, man. Shout out to Kanye West. But, you know, let's keep the conversation going, man. Let's keep listen. I see, I see a lot of crypto, crypto people in the audience right now. You guys need to come up on stage, man. Let's, let's talk about it. You understand what I'm saying? Let's have an educated debate on a topic in hand, right? Why would you rather push people to invest in something as.

I don't want to use the word useless.

You know, I don't. I don't wanna use the word.

No Sir. No, no Sir. You and I, you and I were in rooms are a year ago and these crypto guys have balls of steel telling us how we're stupid. We don't know. You don't need real estate. You're old timers. You don't know what you're talking about. Cryptos away to go hey buy Bitcoin at $70.00. Seventy thousand I should Toshi or whatever it is. A coin. It makes sense. They're not mine anymore. It's going to the moon and and and and they're all real quiet right now. Where all these guys.

Yeah, Brian, you remember that one guy that was in there with that sideways hat? The young, the, the, the little young white guy. Where, where is he at? Man? He was he was the loudest man. He was saying all types of stuff, man. Crypto. I can't remember his name.

Yeah. No, no, no, no, no, no. I saw. I saw him. No, no, no. I saw him last week. He was in the homeless shelter in New York City.

Hello.

Seth, jump in, bro. I see you wanna speak, jump in.

He's got, he's got, he's got no Satoshis.

Well.

Yeah.

Um, again. I mean, what I said is I haven't cooked up my guy. I I believe in crypto, but again there is specific use cases I kind of disagree like.

With investment, you need to be diversified. That's the first thing. He could be in goal. You could be in real estate. He could be in different things now.

My my my brother. What problem does crypto solve?

I'll tell you. Yeah, I'll, I'll tell you so. So before I start, let me tell you something. So I was a researcher on decentralized anark networking in 2007, OK. And I worked for banks, I worked in Silicon Valley. So I can answer any question you may have in terms of technical and in terms of financing, so, so.

Yeah, yes, yes. The question was what problem does crypto solve?

Let let's let me tell you now. When you go to Walmart, you swipe your card. It says approved.

Do you know how many, how many entities involved into getting your transaction approved?

So that Walmart can charge you.

What's that?

I can you?

He's in a matrix, bro. Go ahead.

So.

I don't know.

Aren't you? You're breaking up. But let me answer the question. 6 institutions. So all these 16 institutions they're adding on the cost on Walmart or a restaurant. So currently like square or any payment processor, they charge up to 5%. Sometimes even if you go to gas station, if you want to buy something less than $10, they will tell you, hey, we are not going to accept the credit, we can only accept cash. The reason is because of the high charges.

And why it's high charges? Because the financial network is outdated. There's too many institutions involved so that your your transaction goes through. So it goes through payment gateway provider like square, PayPal or the terminal that you see on the store. It goes then to a payment network like Thursday that he sees. Then it goes to the visa and Master MasterCard, which are the acquirer.

Dude, cryptos, not cryptos, not free.

They they they they nail you over the head.

I'm, I'm, I'm trying. I'm trying to answer your question. No. With the crypto you could basically save the businesses with the transaction at least 50% of the transaction. And this is actually what I'm working on up to 99% because let me, let me, let me answer you.

No, no, no. That's actually sure, sure, old. I don't know you, but that's that's bullshit. It's bullshit.

No, this is not bullshit. No, this is not bullshit.

I'll give you a chance, just just let me finish my thoughts.

Uh-huh.

Hey, wait. Can I just jump in here a second set because something. So I've always been on benstock side of highly skeptical sky, highly skeptical of crypto. But wait, wait, wait. I just, I want to say something stuff. I hear what you're saying about the multiple parties that get a cut in the transaction, but something was said last night that kind of got me to tilt my head a little bit, which was, you know, as these banks threaten like they did with Kanye West, who you know.

Have him take his money out or PayPal saying we're going to incur penalties if we, if you don't go, if you don't toe the company narrative. And somebody got in here and said, you know, crypto cryptos where we need to go to secure our currency and I found that a compelling argument. What are your thoughts on that?

Sure. So, so I believe that so, so I'm based in the DC area and I I've been in contact with some staffers and the Fed now project the Fed now that they are working on the CBDC which is the Central Bank digital desert digital currency. I'm sorry the difference just to answer the the gentleman is that the the network because it's it's so decentralized.

It does not need so many institutions and your transaction is charged per byte per data. And sending data over the Internet is so freaking cheap it's much cheaper. So.

Let me, let me ask a question, let me ask you a question though real quick. Let me ask you a question real quick. We got, we got the decentralization and everything else but NFTS and crypto. I just have two simple questions for you, OK.

That we understand that securing the, the, the, the currency for a person, everything's digital right now. I mean you go to the debit card, you use that whatever, right? But two questions, #1 fundamentally, do you protect your asset with something that you can actually go to and see, OK, with your money in the house that you could actually walk to that you can ensure that property, right, you have a $500,000 sitting there right there and the property is appreciating in value, you're getting mone

No.

I.

And then you get passive income. Tell me if you can get passive income off crypto currency, how do you get past it? Can you get a check? Can you get a check month? Can you get a check every month from your investment in cryptocurrency and in FT?

Again I answered that the crypto is not in an investment. I I said that the first sentence I made in this space, I said it has use cases is for payments. It's it's provides more flexibility, but definitely there is no fundamentals. You are not talking about something that generates money. If you want to invest in a crypto, go be part of the minors or get into the project that is solving an identity issue or facilitating some.

Payment capability so that there is a business and this generating the money, but the crypto as itself is a coin. They are just a digital numbers similar to those that you see on the back when you said through Venmo to your friend. They are just transferring balances.

And and to me to be honest with you with with like now when I'm I'm working with businesses.

They are mostly. They are not like they they want to accept crypto, but they don't give a shit which custom what crypto the customer has. They want to get paid and either stable coin or in the future with the Central bank digital currency. The reason is.

The reason is.

But that wasn't his question.

Exactly. Exactly the reason is.

Saying that.

But.

As Luna as well, yeah.

Mr Elena.

But, but even, but even the concept, the concept, the concept of stable coins, right, the concept of stable coins we we literally saw one second, we literally saw a very popular stable coin literally go to zero and seconds a couple months ago. And they called this a stable coin that is not volatile. OK, it's essentially a safe haven. This motherfucker went to zero. Guys, if you know the name of that stable coin, because I forget. Hit that chat button, Luna, hit hit that chat button at the bottom

That's it.

So.

Exactly. I'm sorry, Sir.

So the only institution.

Are you paid and type the stable coin? So it's called Luna, right? That shit went from hero to zero real fucking quick, right? So, you know, I mean, with that kind of shit happening, I mean what's there to trust within the crypto space, if even stable coins can be stable?

Yeah, the only institution.

Sure.

Say sorry to interrupt you safe, sorry to interrupt you before we go over uh, Anthony. He asked a very important question. So Anthony actually you can track every single asset you own on the blockchain. It's not like your real life. If someone stole your card, I'll never be able to get it back. It's literally everything since minted until salt or hold or staked, it's all trackable on the blockchain. So basically there is nothing lost. It's it's all.

Once something is existing on the blockchain for life, no matter how the value change, goes up, goes down, whatever, it's always there 100%. And regarding the applications itself, it's not just.

Gamified, like there's countries right now that actually doesn't have school. There is online method school.

That's.

But you don't have to answer my you're not answering my question though I asked 2 fundamental questions. Number one, can you get passive income from investing in FT's or crypto every single month? It means that I buy crypto or I have an NFT and I get money every single month, right?

That's happening, right? Right now. It's happening. Actually for the past six months. It's booming come something called staking something.

Happening where? Where the fuck is that happening?

In a God damn better verse.

Where the fuck is that happening, man?

Ohh man, come on. 50 years old. No, no, no, no, no, no, no, no, no, no, no, no. I'll have ohh. I'm trying to telling you the name but.

Educate me, man.

Yeah. Let's talk about it. Jump in.

Uh.

They don't. They don't.

Yeah.

Nelson, hey Nelson, I talked to you about this before and then I'll, I'll, I'll tell you and uh, I'll tell you that.

Let's go viral, Gary. Let's go viral.

Yes, seriously, guys in there, I'll tell you. I'll tell you what I do at the risk of like upsetting a lot of my friends because I'm into some shit that some people don't like that I'm into. But what I'm into it, it's like, it's like a certificate of deposit. I put my money in, I I buy it. And then and then depending on how long I, you know, have it deposited for.

I get the crypto back, plus extra, extra crypto. And so it's just like this, a certificate of deposit in the United States. This particular crypto, it's called hacks. A lot of people hate it. I like it because it has made me a lot of money and I like it because it continues to make me money. And I I purchased my hex, I stake it. I have a staking ladder. That means, you know, I I have a certain amount staked every month. And then I.

Every time every month I take it out, I collect my interest and then I redeposit my principal back in for 12 months and so I have multiple 12 month stakes and then every month I'm undertaking 1 from 12 months previous and that's called Hex and basically a lot of these other.

Are you kidding? Are you kidding me? No, that that. No. No way, Nelson.

Man, that sounds like the most complicated shit I ever heard of. My God damn life. You understand what I'm saying? But shout out the towel real quick. My my girl towel is in the building. Town of Barrow in the building. Let's go.

It's been a long time, Tal. Welcome back to this. Somebody bring Tyler. Ohh. I'm the only host. Shit. Alright, let me bring Tyler up real quick. Tyler, I try to make you talk. Can you speak? Are you here?

Is he on stage? Is he not on stage? Tal is giving me an error when I'm trying to bring you up. Can you? It's probably a glitch. Just close the app, open it back up and I'll bring you up.

Maybe you have a full list.

Nelson, you gotta make more hosts. Nelson, you gotta make more hosts to get more people up on your stage.

Yeah.

Ohh really? Ohh I I just made Maria host.

No, it's fine. I'll, I'll drop down man, because you have full speaker.

I boom.

It's fine.

Yeah, man, everybody needs to assault that, that tweet, retweet it, and you guys need to assault the chat. If you like this conversation already, call out some crypto people, call out some real estate people, get both sides in salt, the chat button on the bottom right.

Alright, David, David, except except the co-host man, I'm trying to bring tail up except that co-host request.

Let's go, man. Except the cohost got there. Let's go, baby.

I got it, man. I got it.

Alright, boom, towels on stage man. Let's talk about.

What? What's up? What's up?

Tell it's been a long time, man. What's going on? Hey, man.

Ohh yeah.

How you been, channel? What's going on?

Wow. It's so good to see you here, man. And everyone. I mean, it's uh, it's been a while. Yeah, I'm. I'm doing amazing. Amazing, amazing. Everything's great.

You know, running the business, having my nonprofit managing 2 babies. You know, life is good. No complaints. Seriously good. They're very busy running around, speaking in many places, flying a lot. A lot of stuff. A lot of stuff. A lot of clients. So very, very busy, but all good. All were all good.

A towel towel promised me this, right? Promise me that at the end of this conversation, you still gonna be my butt. Is that we good?

Alright, let's go viral.

I am always your buddy, buddy. I. I.

Yeah, yeah, yeah, yeah.

Oh my God.

The 188 tall Nelson wants blood for the crypto people. So just.

Violence.

He wants violence.

No, listen, listen, listen, listen. I'll tell you what. I'll tell you what, Nelson, I love you. I love you, brother, so much. But I'm not good with drama, so I'm avoiding drama spaces, you know? I'm just like, I love, I love chill conversations. I'm this kind of dude that likes to chill, but this is me, you know? That's why I'm. That's why I'm not allowed in. Yeah. Yeah.

Awesome, 30 seconds.

Ohh.

I you know, what's out just for you. I'm going. I'm going to keep it till for the next 30 minutes, OK? But yeah, I keep it still for you. I promise. OK, well, let's talk about it. All right. So, Gary Palmer. Gary, jump back in. Let's get back to it.

Hey. So yeah, my my whole thing back in the clubhouse stays with you guys is that I want crypto people and real estate people to get together because crypto people need real estate and the real estate people they don't like need crypto. But I think it's going to be in their interest to learn about it. And the one thing I want you to know is that if you get a Web 3 blockchain name, you can have Bitcoin sent directly to you. You could have Etherium sent directly to you, you have NFTS or your rent

Nelson. Uh, you know, you know whatever's available. And then once you own that one name, you can add your Bitcoin address, you could add your etherium address, and then anybody can send you money just by knowing your name. They don't got to know all your Bitcoin addresses, your long addresses. You just say, hey guys, pay rent to this address, you know, Nelson a Pega dot dot ETH.

And and and if everyone gets their name now, then you guys got it secure. You know, back in the day a lot of people didn't get their dot coms and that was a mistake.

Yeah, Gary, Gary. What? What? What, what? Why? Why the hell would I wanna do that?

So so.

Why? Why wouldn't you wanna do?

Why the hell would I want it? Why would I want to get paid in a currency that is so God damn volatile? It could go up, it could go down.

Because you can. I'll tell you why. Because you can take that currency and you can immediately turn it into dollars. And you like money, and people want to send you money.

So what's the point? Why not just get get paid in dollars?

Because people, because you don't, you don't like crypto, but a lot of other people like crypto because there's a lot of money printing going. I know if you watch the news, you see all the money printing. Everything is going up and up.

Gary, the US dollar is the strongest currency on this planet right now.

Didn't understand that right.

That's true. That's true. But, but that's true. But assets go up if you take it. U.S. dollar is the best currency in the world, but appreciating assets do better than the currency. That's why you buy real estate, because appreciating assets do better than dollars. So you take your dollars, you buy real estate.

Yeah, one, yeah. Real estate gives you a cash flow. Real estate gives you a cash flow.

It gives you tax advantages.

That's right.

You know.

But, but there's a Gary, but there's a difference. But there is a difference, Gary, right. Real estate goes up. No, no, not even, not even just the cash flow, right. When you when you're looking at historical trends, real estate goes up, it don't go down, it goes up. Crypto on the other hand, it goes up, it goes down, it goes down some more, then it goes up, then it goes down again. I mean come on man.

But this is that this is a problem. But this is the problem.

You're being lied to you, Nelson. I'm, I'm here to teach you, Nelson, you're being lied to. When you look at the graph going up and down, you're you're looking at that graph it you have to look at it a log format, right? Because yeah, it's down 95%, but it's up like 10,000%. It's up 1,000,000% just because it's down 90% in the past, you know, nine months like everyone ignores the fact that it's up, you know, 10,000% in the past couple of years and it's up, it's up 100,000,000%.

In the past 10 years.

This is the but this is the problem. Though this is the problem though, real estate don't.

But that's why you don't invest everything.

That's why I'm just saying you that's why you don't invest everything in one place.

But this is this is the problem though.

2008.

We're we're doing look at the title of the room crypto and and FT versus real estate. Real estate doesn't go up and down like that you know what I'm saying it doesn't go up and down that that OK 2008 man it's it's it's 2022 what are you talking about so so you're talking about.

Yeah. OK. Well, just, I mean, there's exceptions to your role, guys. Just just admit it, just admit it like there was a year where it went down and then it continued going up. Why? Because appreciating assets go up.

Yes.

I'm agreeing with you guys. Talk about my point, talk about my point, cause all you're saying is what we agree on.

But, but again, Garrett, Garrett, Gary. You see what you see. Why you need some education, my brother. Listen, OK, I know people who made millions of dollars during 2008 who owned some God damn real estate, OK? I know people who are still making millions of dollars from the real estate they bought back in 2008. Right, Gary? And Americans in general. One second. One second. One. You're missing one thing. You brought 2008. I'm just responding. Americans in general, across the board that.

Own homes have made money with their homes today ever since 2008, Gary. So what? What are you talking about? My brother crypto don't do that shit, man.

Else if you're saying Nelson, you're saying the same shit. I'm saying Nelson. We're both saying the same shit. You're not talking about the points that I'm talking about. So let let's talk about it, OK?

OK. Hold on. Hold on, Gary, hold on.

What what? I'm what? I'm what? I'm what what? We're going over is that.

The only reason why there's the houses got saved was because of the government, bro. The government saved them bro. And then why?

Right, because they because they printed money, exact cause they printed money. And when you print money.

Wait, hold on. Am I hearing 2 garys? Wait, wait, wait, wait one second. Who's talking?

We.

I'm as confused as you are.

Yeah, let me.

Yeah, I I thought I heard Gary and I heard Gary the second. I'm confused. Who's talking?

Yeah, there's only. There's only. There's only one, Gary.

Yeah, so.

Who? Who's the other person? Ohh I see a hand button. OK my brother crypto yeyo jump in man. Let's talk about it.

I'll let Gary finish, but he was gonna pay. But then I'll jump in and finish what he's got because.

Yeah, again.

Yeah, you motherfucking sound like twins, man. God damn.

So again.

There's unlimited, there's infinite money printing. And so when there's infinite money printing, then appreciating assets go up. Real estate is an appreciating asset. Crypto like the good, like the the top tier, crypto like Bitcoin and Ethereum, it's an appreciating asset.

And these are going up, you know, you wanna, you want to have a lot of people trust these currencies compared to these other Fiat systems. And yet the clickbait is, you know, crypto NFTS versus real estate. But the fact of the matter for the winners, it's going to be crypto, NFT and real estate.

Bro, how is listen, listen, you're you're confusing me right now.

They're all appreciating assets. And you wanna have your DNS name, you want it by your DNS name, by your web three domain name. If you don't buy your web three domain name, you're gonna be left behind.

Gary, Gary, Gary, Gary. Gary, you're you're confusing me, Gary. You are confusing me. OK? You keep on saying that crypto and NFT's are appreciating assets, Gary. I mean, we've seen in the past two years or so the downfall of cryptic. There's I don't see no goddamn appreciation in the past two years. OK, so I'm confused as to what you are talking about. By the way, Tammy Hammer, shout out to Tammy Hammer in the audience.

Tammy hammer.

Yeah, I was talking. I was talking to earlier. She's, she's hosting some friends, so she's listening. She came to support. She'll come up to our next one, but she can't come up right now.

Ah man, that sucks, but definitely, definitely pleasure to see you in the room, Tammy said to Tammy in the building.

But shout out Tammy, thanks for supporting us through Virginia.

Let me go back to Mr Garrett. Mr Gary, you understand? Listen.

Put it put a Tammy, put a W Tammy in the chat, W Tammy in the chat.

By the way, guys, I like tab. I like the name Tammy more than Gary. If you like the name Tammy more than Gary, hit that chat feature right now and type, type, type Tammy and I tag right now. You understand what I'm saying?

Like Gary confusing me, God damn it, you understand what I'm saying.

Can't Tammy. Tammy needs her DNS name. Tammy. Tammy needs her DNS name. Tammy. I hope you get your DNS name. App dot ENS dot domains. You know what's up. She knows what's up.

Hey, Nelson. Nelson.

Jesus fucking Christ, Gary Palmer, go ahead with your bullshit, man. Let's talk about it.

What's up?

Hey Nelson, Nelson, what's the what's what currency right now is backed by gold.

You gonna answer that question for us, my brother?

OK.

OK, well, what about it?

That Nelson, Nelson, Nelson. What's wrong with these guys, man? I did not listening.

That's the ruble, my friend. That is the ruble. The Russian ruble is currency to this date right now, that is Bangkok Ohh U.S. dollar. the US dollar is not backed by anything. the US dollar is Unchained or unlinked back in 1973 or 1971, then after that when they've been printing money.

Where was eliphaz? Left Lane finish, Line finish, line finish.

After 1971, that's when they started printing money non-stop. Now I'm gonna ask you one more question. I was like, what's the biggest scam?

In the world right now.

The government.

Crypto.

Yes.

The government.

Nope. Nope. That is, believe it or not, Sir.

Yeah, yeah, yeah, yeah.

Yeah, yeah, yeah.

You guys laugh, but believe it or not, believe it or not, houses, real estate is the biggest scam.

Come on, don't do that. Don't do that.

Break that down. Break it down.

Jesus Christ, how is that? Wait, wait, wait, wait, wait, wait, wait. OK, OK, OK, Now, now, now. You called my attention. OK, explain that. Explain that for me.

Absolutely.

OK, alright, alright, I'll break it down. Ready. I'll break it down. So what's one thing that we need in this world besides food and water and everything? We need a place to lay our head or lay lay down. Right. That's that's where they got us, right? Because we go to work, what, 14, some somewhat 12 days, you know, 12 hours a day or something like that. We get home, what do we do? We get home, we do laundry, we eat, we go to bed, whatever. We read a little bit and then we go to bed, right? Wake

What's your point? I'm confused.

We don't. We're barely even home at our we're barely home because we're at work or we're out and about. We're venture biggest scam.

In America.

It's real estate. It's housing because you're locking people.

But how is that a scam, though? I'm trying to listen, listen, listen, listen, listen, my brother, listen.

Wasn't good.

Listen right now, I might need some Advil after listening to the bullshit that just came out to God damn mouth, but I let I let it break.

You got that. But you might want to talk to Grant Cardone, because Grant Grant Cardone said the same thing. My brother. My brother.

I'm. I'm telling you, Grant Cardone, anything.

You got it. You got it. A splain to me. My brother. Listen, my brother, listen. What was what? One second. My my, my brother. Just one second. OK? Well, bro, bro, me. Tell God damn Mike, man.

Yeah, my brother, please educate me at this very moment, OK?

Your explanation doesn't make any God damn sense as to what you're trying to communicate. You're saying housing is the biggest scam. You explained some bullshit. I don't even know what you're talking about. But listen, I want you to do me a fact dude. Matter of fact, do the audience a favor. Answer this question directly. Mr Crypto Crypto Neo, how is housing a scam? Go ahead.

So when you go to go buy a house, right?

You go through bank and whatnot, right? They lock you into this contract and everything, right? How long was that contract for?

15 years, 30 years. It varies. Go ahead.

Not all of them.

1515 + 15 Plus some years, right? You just answer that for me. Now what do rich people do right, rich people, they go and they run.

Not. Yeah, you're right. Not all of them. You're right. Not all of them. So I'll take that back. You're.

Most of the rich people, they go out and they they rent, OK. They they do like a year, they rent a year or whatever and they move on and go somewhere else because they know that housing, you're stuck in that contract. You got to stay within that 15 years unless you pay it all off, right? That's if money.

Yeah.

Well, who, who, who, who, who the fuck told you that? Wait, wait, what's your definition of rich? Let me understand that. What's your definition with how much money we talking about?

My definition of rich.

Yes, absolutely.

As just being with friends and and living life bro.

No, no, no. What is rich to you? How much money is rich? I'm trying to understand. I mean, Rich could be $50.00 to you understand? I'm just trying to understand.

Money, money. Don't get. Your money don't. Money does not make me rich. Knowledge. Knowledge makes.

Listen, I'm not asking you that God damn question. Listen bro bro.

This this is a distraction. This doesn't talk about why crypto is legit.

Yeah.

No.

Ohh Lord.

Man, what is this guy talking about, man?

You guys.

But real estate is fucking legit. Real estate is great.

What? Lizzy. Lizzy, I'm. I'm trying to understand the psychosis of his brother right now. Listen, my brother, OK? You said rich people rent homes and move on to another home after a year renting.

People that are rich have 8 PFP's. This dude is rich.

His profile picture is worth like 200 grand.

Wait, wait. Let me ask this brother question. OK. Once. Gary, Gary, Gary, you gotta meet you Mike, my buddy. Meet meet that guy. Damn Mike man. Listen Mr Crypto neo, alright? You said rich people rent houses and then after a year move on to the next house. My question to you is what is rich to you? Is it $50.00 in a bank? Is it $100 in a bank? Is it what is rich to you? How much money are we talking?

Um.

Rich to me.

Uh.

Me network, you know if you got network.

Man, come on, man, please.

Man.

Get the network.

That the.

What the fuck is this brother saying man? Bro don't don't answer this God damn question and riddles man, you fucking speaking in riddles right now. God damn it bro, give me a God damn number.

Jesus Christ, save me man. Fuck.

Tell I'm sorry. Tell tell I'm trying to keep it calm. I'm sorry, man.

If you know the right, if you got the right people. If you got it's not money though. Rich, rich, that's that's the problem with you. Some of you guys. No, that's that's the problem with some of you guys are here. Most of you come talk about money. It's not about me.

And now saying.

No.

Can I jump? Can I jump?

Yeah. Let's get talent out. Please, please jump in. Please save me from this, brother. Please go ahead.

We can hear you.

We can. We can hear you.

You're good. You're good to go.

Listen, I I first of all, I I see Jason. I see your hand up and we're going to come to you right after. I just. I just wanna point out something or I think you left. I we didn't mean to scare him off. You guys hear me or I'm rugged. Just making sure you can hear me. OK, cool. So look at the end of the day.

You know, I don't think we can compare anything here. Crypto and NFTS and real estates are three completely different things. OK now investing in each one of them is is totally different story. It can come from different motives, like from different reasons, from different aspects. And you know and it as long as you don't put all your eggs Nelson and hold it, hold your horses as long as you put all. Don't put all your eggs in one bag then.

You are smart enough and you're investing in different things when you're taking risk. It's all taking risks here, right? Real estate, maybe the most stable one, but it's also kind of a rescue. You never know. And crypto NFT's are definitely a risk. Yes, it's not a stable coin and it's not a stable acid, but it could come come high, it could come low. You never know. It's a fun game to play when you have money to put into it, when it's not money that you eat from it and you leave on. So that's w

Put your money that you are paying the bills for your kids in this in this but real when real estate it's more stable so you have the risk is different there is a risk but it's a different risk and that's why you know if if you understand crypto and you understand the NFTS then you will understand how to investigate how to do due diligence and understand what to invest in and and and and do it smartly and not just you know wasting all your money on this or on real estate it's it's totally differ

Different. I'm invested in all of them, you know, so they're.

Down but now.

Tell do you have your DNS name? Tell you got your DNS name.

How was.

Wait.

No, hold on.

What is it? What is it? Hey, drew. What's up, brother?

Do you have your web three? Do you have your web three domain name tell?

If I have domain E yes, I have E domains.

Hey, hey, Tal.

Let's go stop you.

It was the question. Hey, what's up? I miss you. When are you coming back? Bring your ass here.

OK.

I'm coming back. I'm coming, but real quick. The problem is that this is the problem, you know.

The dude was just speaking before you.

I know you're opinions, I know you're.

Who is this speaking before you represents the majority.

Of the community that you're speaking up against, he could not put an intelligent sentence together to back his position on call.

Calling.

Who said he represents the community that where do you get that from, right?

Yeah, come on, man.

Cut, cut. Cut. My the my job. No. The majority of people that I listen, I hear pictures all the time from the community. You know what I mean? And the majority people can't speak like you child. Majority of people did they all over the place like he was. He couldn't come up with one reason why. And I'm not even here defending the real estate. I'm in the middle. I'm a business investor. I don't care about real estate or in.

But.

No, it hasn't.

Yeah.

Well, well, here's he let me defend it. Has real estate anywhere gone down by 50% in the last year? No. Crypto is losing its ass. Losing its ass. And by the way, it has. The gentleman said earlier, it has no utilitarian value. You can't live in it, can't rent it, you can't do shit with it. All you could do is lose money with it. And then when I asked the question, what problem does crypto solve that? There's no answer.

Well, yeah, we can.

First, there, of course, there's an answer.

You give me the answer. Big shot.

Brian, Brian, wait, wait, wait. Let me tell you something what I'm thinking just just speaking and hearing you, you guys, you know not everyone is able to invest amount of money in real estate. You can't really take $100 and put it in in a real estate. You you can though.

Hmm.

Will you? Will you can alright. Or a real estate investment trust you can, you can.

No, I'm saying I'm saying no, of course you can. Not the 100 bucks you can. What real estate do you buy with 100 bucks?

What will you get while not no, not 100, but 1015 hundred.

No, I just, I'm saying right.

No, I'm just saying when. So let me finish with just my just my thoughts, just my thought, just my thought. Just just just my thought.

No, no. But but you see, but you're still wrong. Listen, listen, listen, guys. That's why we're in this room today. But Battale, both of you are wrong. You and Brian. OK, jump in, jump in. You know I love you. Go ahead. Go ahead.

Nelson, I'm never wrong.

Just just to finish my thought, I'm, I'm, it's all good. I'm just, you know, we were so fun conversation actually. So I'm just enjoying. So I'm just saying that some people, you know, they're looking to crypto when they feel like they can't invest in houses because they don't know the market. They have no idea where to go, how to even start, where to invest, how much it costs, you know, and maybe they think they'll put 100 bucks in crypto and that will make more sense because they heard that it'

If you just put your money down without doing it due diligence without doing research before and it goes to real estate as well as crypto as well as NFT's, it's it's totally different three things. And it's all about you know what you you need to invest after you understand what you're investing in and that's that's what I'm saying that's it. But Brian back to you or Nelson brother, go back to you.

Well, the people that the the people that explain crypto do a piss poor job explaining it. And like I said, about a year ago we were in a room and Nelson and I chopped up a couple of guys that were, I mean it sounded brilliant. So he sort of kept asking additional questions and they couldn't answer the questions. And this the Emperor's new clothes. We we you know, you guys are sitting there telling us the Emperor is wearing a beautiful suit and Nelson is saying no, he's he's got no clothes on, h

Understand the artistry and the beauty and the pageantry and we're going to the fucking guy has got no clothes on and it's proved itself right. I mean it it's it's now dropped more than 50% and it's value and it's not done yet. And people were margin, we're taking margin accounts against us leveraging it and they lost their absolute shirt and I can say during the same period of time like somebody was breaking grants, but in in this room.

The other night change. Ohh, you're only getting 456 percent return on your real estate. Who the hell wants to do that? And the reality is, what's the return in the past year for the S&P 500? What's the return for the past year? For many other asset classes? It's -, 1520%. So you know real estate has been very, very safe during the 2008 recession. People still needed a place to live, they still needed to pay rent, and the landlord still had a decent.

Although smaller but they had a decent return. Many other asset classes lost their ass and we're going to see the same thing happening now you know and and and it comes down to supply and demand. You know Will Rogers said it a million years ago you ought to buy land because ain't making anymore and that's, that's still true. And so I think there's a 5,000,000 house housing shortage in the United States of America that will not, cannot be made-up.

In any short order, O real estate is still the place to be.

In addition to that.

So he here's a here's a point I was trying to throw in here, right?

Yes, you can get involved in real estate for 100 bucks.

In some cases with $0.00 OK and the problem is a lot of people like that education as to how to go about it.

And those who do find out the information, OK and by the way, this is as simple as real estate wholesaling, OK? You don't need money to go find off market deals to flip and sell to, you know, flip a contract to sell to a God damn, you know, fix a flipper investor that doesn't cost anything but gas money, right? So you absolutely can. But the problem is it takes a lot of hard work to actually reap the benefits of getting involved in real estate with zero money. I mean, it's going to take a lot of

It makes it easier and faster, but if you have none you gonna have to work your butt off. The problem is a lot of people would rather look into a get rich quick scheme and you guys, we're talking about 2022 and we're talking about fucking ever since the 1817. Ever since the dawn of man right? Majority of human beings are the laziest fuck. Majority are human beings will rather go play Mega Millions than actually start a God damn business right? Majority of Americans would rather go fucking play P

No, no.

Chicken.

Hard to make money right? And they see crypto as a get rich quick scheme, right? That's why people are taking loans out of their homes, taking all their savings, pumping it into crypto, thinking they're going to be millionaires tomorrow in 5 minutes. It doesn't work like that. Life doesn't work like that, OK? No one gets successful like that. It's impossible, all right? Unless you want to go win the God damn lottery again, I'm saying good luck with that, right? So so you know that, that that tha

You know, especially a lot of people that jump into crypto space, like that gentleman earlier saying what's the biggest scam? Housing your house is the biggest. That motherfucker probably don't. Come on man, that boy ain't got no God damn money.

Right now, Jason.

Tell jumping ahead.

Yeah. What? I feel bad. Jason, do you want to say something? I see your hand is hurt under in the air.

Oh shit, I forgot about Jason. What's up, my brother?

Gonna let him speak first.

No, my bad. I'm not used to Twitter spaces. I had my hand up by accident. Thanks though. Sorry about that.

Thank you.

Ohh, you're welcome.

You're welcome. But I just wanted to. And Gary, I see you too. I'm just gonna. I'm just gonna quickly jump into what Nelson said. And you know, it's, um, hold on a second. Ohh. Sorry, sorry. My daughter just came in. I'll be right back. Gary. Do you?

Now.

Hey baby.

Now that.

So, so good. Gary, jump in. I hope you're not trying to force us to buy some God damn crypto domains anymore, man. You know what I mean? Give me a God damn headache bro. Go ahead.

Yeah. No that's not that's not the only thing and and but Nelson I mean you're you're just right about so much and you're really right that you know a lot of Americans are looking to get rich quick and what happens is that when you get into real estate they you know I think sometimes they want to get rich quick and they make mistakes because they're not learning from the experts and doing their due diligence and in crypto it's the same thing they they take out loans just like you said they use l

It was created for a reason. It was created because we, you know, we do have these centralized institutions and there is less trust. You know there's a lot of bullshit going on in the media. There's a lot of bullshit going on in the world. People don't know you know, they're always fighting with each other. We don't know who to trust and what to believe. And so now you know a lot of people they they trusted gold. Well, it's it's really hard to to take gold and to move it around and it's confisca

Is that it? It is. It is something that you can any amount of it. You can hold, you can transfer, you can carry.

And yeah, it could be taken away from you by force. You know, the the law, the cops can say, you know, you know, give me this money. But if you're not a criminal and you have this crypto, you know exactly how much there is. You know it's the the supply isn't going to change. It's controlled by an algorithm as opposed to the supply of the dollar is controlled by the Federal Reserve.

Get.

And there's there's more and more people that trust this currency that are using this currency that is shifting to this currency. And again it's an it's an and situation, right. It's like crypto needs real estate, real estate needs crypto. The people that get involved in real estate now the people that got involved in real estate two years ago they're they're doing better than the people that are getting involved in real estate now. And the similar thing is going to be happening with the crypto,

Found.

I I was gonna say I was going to say something similar to you, Gary, and say that you know people. Yes, some people are here for the flip, some people come in because there are some people who made millions and NFT's that there were people who made money on NFT.

But there are so many opportunities with NFT. Another NFT, sorry, the blockchain, not NFT specifically. There's so many opportunities with crypto and the blockchain. So many things that you cannot do on the web too or on the real life that you are able to do now. The fact that there is transaction of money from peer-to-peer, did you know that more than 1.7 billion people have no access to bank accounts at all? They and whatever is look easy for us to go to withdraw money from a machine.

Somewhere. No, a lot of people cannot do that. And so crypto for them it's a solution if they don't trust their government or if they don't have an access to bank account. And you know, saying that I can even share with you that, you know, I've built a nonprofit around this helping women in in in war zone and in daily war like poverty and sex trafficking and violence in places that they cannot finance themselves. Now they're sending me their art, I'm selling it for them on the blockchain and I'm

Able to finance themselves somewhere in in somewhere over there in the in the third world. So country and so there's so many opportunities to change people's lives through the decentralized through the fact that there is decentralized economy and and through the blockchain in it. That's the most exciting thing for me at least. I don't care about making millions or or you know I know some people are looking for the quick buck but this is everywhere. This is on Web 2 as well. This is on the real l

There's most of the people are looking for to make the quick buck, which is BS everywhere. This is not happening. Even if you're creating an NFT project, it's a business. You can't just create a few jpegs and think you're going to be a millionaire tomorrow. This is not working like this. And whoever is in the game for that is gonna lose for sure. But when you are understanding how to do that and you're learning from mistakes and you understand that.

And you understand the you know, you need to understand the market, the situation the economic system, the the what's in politics? What's the word looks like? Did Elon Musk just buy Twitter? So many things that affect the market and you need to understand them in order to really make make the big bucks. So it it it it is again, in real estate and in crypto and NFT, it's really why are you there? What's the reason you're there? Some people come for the flip but not everyone and those who are comi

We're not gonna see them after this bear market. Those people are you know they're gonna disappear and wherever they came from because this is not a place to make the quick buck. This is a place to build and and to you know create create opportunities and to use the opportunities that we have here. There's so many opportunities for equality for inclusivity for for you know for finance people who are in in in places where they cannot finance themselves. There's so many things amazing in this dece

World that you cannot have it anywhere else.

Dial or one could argue that they're gonna not gonna be around because they lost their shirt just like a storm share with us yesterday he lost a ton of money in in this space. I do have a question for Gary because I think he said you know it's controlled by an algorithm instead instead of a you know the bank system. So what makes you think that this algorithm can't change and you basically can't even control the market of of this.

Place and it's dropping 50%. But this algorithm is, it's a, you know, it's supposed to be the savior. What makes you think that can't change? And I don't, I don't understand the whole thing.

That that is such a genius question. Is that doctor blue? I'm sorry, Doctor Buchanan.

No, this is Dre Buchanan. Yes. Well, will you mind? Whatever. You know, yeah.

Great, great, great. Again, I'm sorry. Yeah, that that is that is a very good question. And that gets to the heart of why blockchain and all these tokens have so much value is because with Bitcoin and Ethereum, it is so difficult to change and it's difficult to change because a copy of the entire blockchain.

Is on every single computer that runs it, right? And for the blockchain to change, every single essentially every single computer in the world would need to agree.

And because every single computer is not going to agree, they're gonna continue using the consensus mechanism that we have. Right. It's just that the way like Bitcoin works, it's just near impossible to get anybody to agree. And so it's it's not going to change the it's it's it's it's just a very difficult to I mean there's like thousands and thousands if not more of these computers all around the world. And if we were to you know blow up half of the world then the other half of the world would

And you would still need to get 100% of the computers to overtake. And it gets really complicated. This is like computer science stuff. But the the basic thing you had to know is that a copy of the blockchain is on every computer that runs it. And you have to get every single person that runs the blockchain to agree on that change. Because if if say, 10% of the people say, hey, we're going to double this to the supply of Bitcoin, those 10%, they're going to get cut out of the network and and the

That no one believes this Bitcoin and they're just not part of the part of the, you know, system anymore. And so everybody's forced to agree because it's so difficult to get everyone to not, you know, right. So that's just how how it works. And you know with Bitcoin we know that there's basically never going to be more than 21 million Bitcoin. There's 43 million millionaires in the world.

Aren't millionaires and they own a couple of Bitcoin. It's literally impossible for everyone in the world to have just one Bitcoin.

So if one Bitcoin right now is 20 grand and and you think you're rich and you don't and and you're and 20 grand is easy for you to spend if you don't own one Bitcoin. If you don't own a couple of etherium and we're right and this continues as the baby boomers passed down their wealth to the next generation. You know think these tick tokers and Instagrammers are they going to want gold or in in stocks are they going to want crypto and stocks they're going to want crypto and stocks of course you'r

An either or thing. This isn't an situation. And the thing with the dollar, the thing with all these Fiat currencies, no matter where you are in the world, look how much money they printed. You guys are in real estate, so I don't need to explain this to you. They printed a lot of money and real estate has gone up, food has gone up, energy has gone up. Literally everything has gone up, including crypto. And yes, right now we're in a bear market. Put these things.

Have been happening in cycles every four years because the way the big bitcoins, the 800 pound gorilla in a room, the way Bitcoin works is that to supply right now is like 9, let's say like 19 million Bitcoin out there. I said there can be 21 million.

That's the Max. There's still new Bitcoin that's being mentioned every day. And that amount of Bitcoin that gets minted every day, it gets cut in half every four years. There's a supply cut every four years. And so that creates, you know, so the demand increases and the supply gets cut every four years. Then it puts, you know, price pressure to go up, right. And Bitcoin is interesting because it's gold. It's like this digital gold. That's all it does. It doesn't do anything else. And then separa

Etherium.

Which is where there's actual applications and web three and building and people creating smart contracts for, you know, everything from smart contracts with real estate. You guys know people in the space they're working on web three and real life real estate, or, you know, metaverse, all sorts of stuff. 9 times out of 10, those applications are being built on etherium. So to use a theory, to use the Ethereum network, you're going to want some of the Ether token, right? And they have the digital

Token.

And and then really, that's all you need. You know, if anything else, you know, it just gets riskier because anybody can make a new token and anybody can say they have a new Bitcoin. Anybody can say they have a new etherium. It's bullshit. There's Bitcoin that does gold, there's etherium that does computing.

And if if you just dollar cost average into that then you know it's going to be really interesting to see as these four, four year cycles progress. You know where the where this goes right. It's a asymmetrical risk reward scenario that the worst that happens with Bitcoin and Ethereum and crypto it goes to 0. The best that happens is that you know it like we say, it goes to the moon and we'll have real estate up there too.

But that that concept is the reason for this conversation, right? Because listen, right, if if you're saying you're investing in something because you believe it's going to go to the moon, you're treating it as and an investment asset.

No, that's not why I'm I I invest in the Bitcoin and crypto because the government printing money.

I'm, I'm, I'm. I mean, I mean, I mean you just said it yourself, right? And it's the same thing we hear on a daily basis. But in this room, you know, from the crypto people have come on stage, they said, no, this is a utility as opposed to, you know, an asset to invest in, right. But that that that promotion right there, right, from a lot of people is the reason why we have people emptying their savings account to go get involved in this thing, thinking it's going to go to the moon. They're trea

Nelson, can I?

Because they're trying to get rich quick. Yeah, that's bad.

It's like.

And that's the reason for this conversation tonight, right? Because I don't believe it's a God damn investment, OK?

Yeah, well, no. Like Tail said, you shouldn't be blowing your whole load, your kids funds and your and your rent money and into like any investment, right?

Yeah, that's bad. That, that, that's that's not crypto. That's bad money management.

And that's what that's listen, that, that, that, that. Definitely, definitely not, definitely not crypto. OK, definitely not crypto.

Nelson, can I jump in on this?

Yeah, people do that with stocks too.

OK.

OK.

Yeah, absolutely. Definitely not crypto, but you you definitely can with real estate, OK, that's a fact. OK, because listen, well, we have conversations about a lot of people who don't know real estate. Think it's just this linear, OK, real estate, that's it. There are multiple avenues within real estate, right, multiple lanes within real estate itself, right, that are totally different from each other, right, completely different space similar to how we're talking about.

Grip those NFT's in real estate. I mean, real estate itself has probably.

10-15, maybe even 20 different investment vehicles within a concept of real estate itself.

One can be completely diversified within real estate.

Nelson, it's the same in crypto.

Right. So you know, we we we gotta, you know what I'm saying? We're having a conversation right now. We gotta educate the audience as well as yourself, Gary, because you don't, you know, you don't seem to know what God damn thing about real estate, but it's all good Miss Lake on let's talk about it, man. We what you got to say?

Look it's the same thing with crypto, right? We, we talk about crypto, we talk about NFTS and we need to actually be clear what we're describing, right. So overall overriding concept, right, is Web 3 right now the whole thing is underlined by blockchain and and Gary made the good points of explaining kind of the, the, the value of blockchain is this immutability, right. So when, when, when we, when we start talking about sort of, hey, you know what's an asset that's valuable and so forth.

Harry made the point right if you think of Etherium and Bitcoin as kind of the two piece the the two main things you want to invest in the rest of it is all around bravado and reputation or utility. NFT side of things right is all about is all about bravado and whether or not you believe in in in in sort of this in reputation that's all it is. It's simply a bet on reputation if you if you think of NFT and its core right to me when you go back to like.

Cd-roms, we or CD's, right. At some point when everything went from CD to MP, Threes, MP3 is basically made a CD-ROM, a digital copy of that music, and then made it. Essentially it devalued it because anybody could have a perfect copy. That's all NFT's have done, but NFT's are trying to layer on top of it this idea that says, well, I owned the original MP3. And so when you start asking like what's the value of an NFT, the only real value is in saying I owned the original.

MP3 now if it matters to you to say you owned the original MP3, then great, super, that's good for you. But in most in 95% of cases it is of no value to say, well, I own the original one, therefore you know it should be worth something. That's why most of these projects go to 0 right? It only where an NFT can actually provide some value or people recognize that it is useful and valuable to say I own the original digital copy is it of any use of value. So the NFT side is the most risky side of of

Of web three. But now let's go back to kind of Gray, Buchanan said something really key, which is I invest in businesses. If you want to sort of think like like a real estate investor in web three, what you need to do is think, you know, Gary made the point about etherium being something that you actually have utility and you can build something with, right? That is where you should be thinking about with Web 3. Every project, you know, Tao said, think of it like a business. That's exactly it. T

Product where you're facilitating a payment you're building D5 think of remittance, remittance payments to Africa or something like that. So finance the second one is identity right you Tal started touching on this identity and and anonymity where you're thinking about sort of a transaction or trustless transactions right cross-border ones you think of I mean imagine if you think back you know when the the the gold I said gold the diamond trade in in in in in New York a lot of.

Folks who ran from the Holocaust were able to travel with their their jewelry in diamonds, something that you could carry and you could travel with and hide when you were crossing borders. NFTS, NFTS, Web three basically gives you that same kind of capability. In fact, it could become kind of how your passport gives you an ability to sort of identify yourself when you cross the borders. And so this idea of a digital thing that allows you to say, hey, within a trustless environment, I can let peo

I can facilitate a transaction and I can identify myself or stay anonymous. That is where there's a utility in in in web three. That's the second one, so finance identity. The third is ownership.

I mean, if, if, if, if that's the case where I might as well just download a PDF for my passport and my God damn phone. I mean, what's the difference? What's the difference?

It is coming. I mean if you look on the iPhone, if you look at the iPhone Nelson look at the iPhone 4 I think it's 46 states now let you use your iPhone as your driver's license. So it is coming, right. And so the point here is that that is a utility. The third is ownership tracking something. Think of they basically think of a chain of custody tracking something from one place to another supply chain situations. So if you if you really want to invest in Web three what you need to do is find.

Company and rather than investing in a token, invest in the in the actual entity itself, right. So what you want is to invest in equity in a company building on Web three that has one of those three things and that they're solving a real problem. And that's how you use crypto to actually make real money, right? Rather than investing in kind of these projects, quote UN quote, where you're investing in the token, invest in the actual entity that is building the thing or that or that actual holding

Problem that someone is getting paid for? Then you'll make money.

You know delta.

Fuck.

Lake on appreciate appreciate you for your perspective here but won't just one, one second to one, just one second if listen you guys are shedding, you know, light on this space, right? More light than I've ever seen on this space, OK? Because this space is filled with a bunch of God damn scammers right? A bunch of people who don't have any God damn money trying to teach and fucking lure people towards buying XYZ. I mean dude we've seen rooms here on Twitter spaces with thousands of people.

Right. And I mean 99% of the people on stage ain't got no God damn money and they're teaching people how to go make. I mean, it makes no sense, brother. You understand what I'm saying? It makes absolutely no sense. So you know.

Yeah, but I.

What?

You are right. I mean, MM Gardner showed up asking me to you know what I think about crypto? That's when you know it's going off the off the rails. I I agree.

Let me tell jump in. Sorry about that. Jump in.

Well, yeah, just no good, all good. I just want to, you know, add something. For example, I am working, I'm an advisory and investment investor in the company name tickets and tickets are aiming to revolutionize the travel industry and basically what they do, they build a platform where the flying tickets are going to be.

Are going to be sitting on the blockchain. So instead if you bought a ticket, a flying ticket instead of um, instead of like if you want to change the ticket. So instead of throwing away and buying a new one, you can sell your ticket to someone else and it's a little bit more complicated than just simple that, but.

You know, the infrastructure on which the industry today exists relies on something very, very old. It's like a systems that are decades old and they make it very hard for airlines, airlines and agencies to provide something that is flexible. And so these the the blockchain, the opportunity here is to actually have people much more comfortable and secure and transparent opportunity to change the the game, to change the way that they are.

Flying ticket that they're there, they're buying tickets and they can trade now their tickets with others. They can make money on it, they can sell it, they can buy. There are a lot of components into it, but there are so many changes that the blockchain is able to bring to us. This is just one of the examples. So it's not only about doing the flip or the hype. Again, I'm saying that because it's very important to emphasize that.

Some people again taking it, taking this market in order to make the buck the quick buck. Yes there are some hackers and people who think they the the the the sun is shining from their ass and are going to do a lot of money. But that's not the case and there's a lot of hard work you need to put in to really succeed here like in every market like in every market and and the web. Three really gives you so many opportunities to to do things that you could not do on the other side. History you know

As a singer or a musician is relying on his record label that are taking 80% of his income or his, you know, the money that he makes from what he's creating, because there are so many people who take chunks from it, takes pieces from the cake, you know, while he's creating his art and they are selling in the distributing it, but there's so many people involved and there's so little money left for him at the end, but now with the blockchain.

And and even before that, those musicians had a lot of online fan base communities that they've built like on SoundCloud, on Apple Music, on YouTube, on whatever, Instagram or or Spotify. And the only component missing was to monetize it. And it looks like the only component missing was NFT's, because now those musicians are able to create music pieces to put them on the blockchain and there is a story. And you know what? There is a.

Story of this guy that was last year he put his. He created a new song. It was in Korea. I don't remember the names. I'm very my brain is cooked after this pregnancy. I remember nothing. I'm very happy. I remembered your name, Nelson, but.

Let's go.

But I would never forget your name. But anyway.

But what I'm saying is that though this musician guy, he created a new song, he put a 1,000,000 copies of it on the blockchain for $1.00 each and he published it to his friends. He has a lot of, you know, fans and communities on Instagram and whatever any other platforms that don't remember of course.

And literally he woke up millionaires because he was sold out in one night, like after three hours or something. Because all his fans now could buy this piece of music and they feel like they're not only can listen to it, but they can own the the, the singer that they love and and adore so much. So now they become kind of the record label. They're becoming the the one who are making money as well, but also owning this and distributing it for him because they're going to.

Spread it out and he makes the 80% and they make the 20%, and now they're able to resell it. So now they can make money. So let's say someone bought it for $1.00, but he's selling it for $5. Then not only he makes the money, but also the singer is making royalties. So he keeps on making money on this, on the on this music. So it's revolutionized, yeah.

But we keep, we, we keep going, we keep going back and forth though the, the, the, the, the fundamental question.

Umm.

Always speak ohh yeah Anthony yes.

Is crypto versus crypto NFT versus real estate? The here's another question that I would propose.

Can you?

I crypto NFT OK make 607 hundred 800 a million dollars.

Take all of that $1,000,000 tax free and invest it in other real estate, the other crypto or NFT's without any taxable, without being taxed at all.

It's.

I mean, we're talking about actual things like a 1031 exchange. You you can't do that, I mean.

When you looking at the comparison from crypto to NFT's in real estate, it's just some fundamental things in regard to why real estate is so much better of an investment.

Hello.

Yeah and I I love the, the, the. I love these one off stories. It was a beautiful story. I'm happy for that gentleman that oh, were you done Anthony? We done Anthony.

Ohh can you hear me? You hear me right?

We hear you, yeah.

OK. Yeah. So let me.

When you went out, Anthony?

Anthony, back up about back up about 2 sentences. Anthony, you went out.

Can you hear me? That's it. I mean, I'm just asking like you know, alright, I buy a piece of real estate, you know, a a commercial building. I'm making 5% return, so I'm getting passive income, OK, I I can, I can put my my family as limited partners and then flow money through them tax free.

My son and daughter, you know, they their limited partners and and and and and a couple of my real estate deals, I'm able to pass through $12,500 to them tax free as limited partnership.

In addition to that, when I sell that asset, OK, not only do I get the depreciation of that asset, when I sell that asset, all of the cash that I make from that asset, I can take all of that money tax free and buy something similar to the asset or bigger than the asset.

Tax free.

With a 1031 exchange.

That's what I'm saying now when we're talking about like versus, we're not talking about the music person. I get you can make money. I'm talking about the, the overall leverage like when you say versus that means which one wins real estate or crypto or NFT's. Can anybody answer that question?

Well, if.

I don't think it's a question. I don't think there's go ahead like like and I just want to say that I don't think that's this versus this versus this. I'm invested in all of them and it's as long as you understand the consequences you understand which one is what and they're so different from each other. There's no like for me at least there's no like conversation of this or these are these I am I'm all over the place because you you don't pull out all your earlier balls all your eggs. Sorry, so

Call your balls. Don't. Don't be pulling up.

I only got two. I only got two of those.

Sorry for my English.

But listen, OK, I.

I don't know. I've now, with my new son born, I have four in the house, so I don't know. What about you?

Congratulations.

So, so I, I, I did, I did the whole, look 30% of my of My Portfolio is high risk and then 30% is mid tier and then let's say you know I'm going to say about 20%.

Can you guys hear me?

Well, let's keep the conversation going. Anybody else wanna jump in? Anybody. Nelson, are you there?

Can you guys hear me?

David. Marty.

Yeah, we we hear you, drew. I hear you, drew.

We hear.

Yeah, hold on, Anthony. Dane king.

Alright.

I can't hear anyone speaking. Or is it just me?

It's just you, Anthony.

It might be just you, Anthony.

Yeah, somebody text.

I think it dress you. Yeah, it it doesn't hear us.

So.

He'll get it at the end.

Yeah. So I I just broke broke broke it down and 20% is in in safe. And then other 10% I spent on McDonald's. So I I spread my my money out very very well you know. But I listen, I understand I the aspect of one in a million musicians or celebrities making money off the UFC, all that stuff you know. But I need one of you guys just pitched to me.

Because and and and let me let me just explain it very simply. How you make money in the investment world and business. You invest money in a company, you know that company grows and it grows to a point where so many people like it that a bigger company comes in and buys that company and then I make money that way or the company grows so much that it goes IPO and it starts trading and then all you other people that's trying to get rich, you buy stocks into that company and that's another way I m

Because you're making a few bucks in the stock, but I'm making a bunch of money because it's trading online and I invested before that path to profit.

I do not know.

The path to profit is in the crypto world and nobody has been able to explain that to me yet.

Drake, let let me break it down, brother. Like you and I know each other, right? Like this, it's it's the same thing you're investing in is what I was describing before. Invest in the company that's building something of utility that has value now in, in, in, in crypto, if you want to get in early and said this thing is going to be useful. Kind of. What are the signs, right? One of the first things is understanding some of the things Talis talked about, right?

In crypto, it's either the the idea is to remove a middleman from some kind of transaction. If there's truly value for both sides of that transactions, both the person who's gaining like the artist and the community and they're both gaining something by removing a middleman and there's economic value for both of them, that is something to look for #2 if you if you want to invest in a company using crypto for utility, it's what I said before, identity, ownership, finance, look for those three thi

If you have a situation where the Community is growing exponentially, where their network effects, where by adding more and more people to that network something is the actual value for everybody keeps on growing. That is a key part of Web three is network effects. So you know with Ethereum, with, with, with, with, with Bitcoin, part of the value there is just that people are holding it, people are using it, therefore it keeps growing in value, right. And so those are the things you've got to lo

Early because Web three is all around community. That is a huge asset, right? And I mean a huge kind of kind of characteristic. And so if you find those things and you want to invest again, invest in the entity, not so much tokens necessarily. If you look at all these, whether it's board, apes or whoever, normally the people who made the vast majority of money were the people who owned the holding company, the actual entity building the darn thing. And so to me that's the thing to look for is to

Is that just like lots of startups you're going to lose your shirt because most startups fail just like many of these projects. This is the early days even though we think crypto is like all the rage and this is still like 1992, right? And so the the interface is is very brittle. People are. I mean just even knowing what the heck a wallet is and where to put your money and how to like interface with this thing is still so difficult. I think half the money to be made in this space is just to find

Free interface and just makes it simple for the average person to know what the heck is going on and how to actually access it. That's a place to make money. So this is one of those environments where just like Nelson was saying, like with real estate, there are many ways to make money. I think crypto is the same way. You can look at protocols, you can look at, you know, people building actual utility and invest in the company itself or even look at people building tools to allow on ramps and of

Levels and and and axes for people going to gold mine. You may not forget the gold mine itself. Be the Levi's company giving people the tools to go do the gold mining. That's the place to make money. So I just think you've got to think like a startup investor in this space. I land my plane.

Hey I think he made some great points um, but I I totally agree it's got you got to look at it like a startup you know and correct me if I'm wrong but I don't think there's any crypto investment that you can look at like real estate where or a value stock if anyones heard of the dividend aristocrats, real estate or dividend paying stock you can look at that has history that has years and years of producing.

Cash flow, I don't think there's any.

You know, crypto type of an investment that's going to do that sort of thing and I think that's the big difference. Um, this is George.

What's up, buddy?

Yo, what's up, George? Man, I ain't heard your voice in a long time. Good to see you, brother Lakhan. You you know, you might be honest something, bro.

You know, I'm still ain't going yet. But I'd be interested in in looking at at certain entities just to, you know because I'm telling you all of these, you know one-on-one companies or or you know these miners or whatever. I don't even know the proper term. None of them have been able to successfully pitch me. You know. You know why she even even look at it you know and I'm I'm on the boat with Nelson. Most of the cats don't have no money. So it's hard for me to the people whose pitching, you kn

You know, and that automatically is going to make me look away if I feel like you don't got the bridge yourself. So you know.

Yeah, alright, I'm gonna pass the mic to somebody else.

That's the same thing that I was saying and I and I'm. I'm not against investing in crypto.

You know, I've done, you know, I sent Nelson, I, I showed him a picture of My Portfolio about a year and a half ago and I was up, I was doing pretty well. But now I'm getting crushed and I'm looking at my, my, my, my real estate portfolio and even if some of my properties are down, but I'm still getting passive income. So for me, I just think overall in regard to long term investment in tax strategies, real estate is the way to go.

Anthony I wouldn't disagree. I think you know totals point I just don't know that you have to pick. I think you kind of you need to be shrewd and just pick the things that make sense to you right. Like take money out of crypto when it's going down put it into something else. I mean I just think it's being smart and kind of think about the entire portfolio and just make sure this is one of them. To me the the only thing I I I I think I would advocate to people is this is a new area it is worth le

Think of it as gambling money, but don't don't miss a new paradigm shift because you're worried about it. Learn about it and then figure out how to dip your toe in where it makes sense for you with money that you consider. Play money, and then you'll be OK.

Alright, check this out. I got a deal. So I just told you I spent like, damn, I spent so much money in McDonald's. It's probably about 10%. Alright Tal Tal, you own a restaurant, so I'm going to take the 10% of my money that I spent at McDonald's and I'm going to find some entity to put it in.

And if I lose, you don't have to feed me for the rest of my life because you have a restaurant.

Happily.

You know or no deal.

Deal. I'll feed you anytime you come along. I'll feed you, honey.

Alright, we're gonna see.

Ohh.

And here's the fundamental thing too. Let me, let me, let me do this math real quick. And this is the.

Go ahead, jump in, jump in, bro.

I give a quick example. OK, $50,000 will get you an asset, a real estate asset and Milwaukee, WI, Toledo, OH, Utah, different areas.

And Section 8 will pay me 15,000 of net rent for that property. I'm going to take that and subtract 10% of that, which is 13-5.

I'm gonna take that $13500 and divide by $50,000. That's 27% return guaranteed on my money. Forever. Infinitely.

You cannot be that not to include the 18,000, the eighteen $1800 that I get the write off each year. That is why I like it. If it's this versus that I mean this is simple simple math. Section 8 will pay me 15,000 for that property at three two and in Cleveland and it's going to that's 27% return guaranteed passive income. I mean I I just don't I would rather get the 27% return infinitely.

With that appreciating asset and that property going up in value versus rolling the dice on crypto or NFTS.

But I think again it's it's a matter of you know educating yourself and also you know what do you feel most comfortable or know about. So whatever you invested in and working out for you to have make it passive income. A lot of people may be invested and lose their pens in real estate or you know or they have not doing passive income. Not everyone is that familiar with all the terms with all the, you know, real estate in general and they feel more.

Comfortable with the crypto world because they know it better or they're you know, they're more involved or something like that. And so it's not always about you know it's it's a lot of people are making money from crypto by knowing when to leave and when to come in and when to go out and how to to you know how to do it.

And it's it's it's I think that you know, real estates, not everyone.

But not from crypto itself.

Going in.

Yeah, but no, what I'm saying is that real estate, I think that some people are scared of it and they might feel more comfortable in with the blockchain and with transaction. Sorry.

No, no, I'm sorry. I was gonna continue. Please, please. Please.

What?

Not all good, all good, all good, no worries. Just saying that you know it. It really depends on the person and where he feels comfortable more. I I see a lot of people that are scared to invest in real estate because they don't know the area, they don't know the The Who. They're didn't educate themselves, they're they're not sure how to invest, what is ROI, how to measure it, what can they do you you guys are experts in real estate, but most people are not. And it goes back to also crypto. A lo

But are not experts and and and sorry and all of a lot of people know crypto but some people are scared of it. So it it really depends what you educate yourself on and what you have how much budget you have and just don't put everything in one place but this is me you know I mean I I've made money with three of those options you know crypto and NFT's and real estate so.

But I lost on them too, yeah.

Let me ask you a question, right what are the three basic necessities of human life?

Of human work lecture.

Life. Life in general. Three basic necessities for every human on this planet.

Attention or love? Maybe I'll call it this way food.

Food, water and shelter.

You said attention and love.

That's the energy answer.

Attention and love show, man. You, you, you. Busting my head, man. That's that block. That's that blockchain lingo. You understand what I'm saying?

Food.

No, that's my lingo. I speak with love and I give attention to everyone. That's my, that's. I think that's what people need in life. They they rather starve than have them be alone or or, you know, but you're talking about physical stuff, physical stuff.

OK, cool.

100,000% OK. And I want to reference that last one you mentioned shelter. OK, every single one of us right now in this moment, we are in a piece of real estate. Every single person in this room right now, you are in a piece of real estate. When you go to work every morning, you are going to work in a piece of real estate when you go to the grocery store to go buy some God damn groceries, you are in a pizza real estate when you go to the airport.

Board a flight to go see your grandma in freaking Florida. You are in a piece of real estate. Real estate is something that is around us every single day. Something we see, touch, smell, feel on a daily basis. Why not own a piece of it?

Yeah, but Nelson.

Why not get a piece of it? It is it. It is it is a human necessity. So it's crazy to me how some people understand blockchain more or fear real estate more than black. I mean this is absolute madness. It's madness when you think about it, right. I mean this is a human God damn necessity. It ain't going nowhere, right. They're they're not building more land like like similar to how they say you know Bitcoin is limited to.

Million or whatever the case may be, right? There's no printing more land, right? We have a finite amount of land on this planet.

And when we look at the economic side of it, right, demand and supply, if you have a limited supply of something, right, a limited supply of something that you can now make any more of, similar to the Itoshi, satoshi, whatever the fuck, y'all, call that guy, right? Similar to that shit, OK, what's going to happen when it comes to the man and the value of that?

It's gonna go up. OK. As it's happened over the years, ever since the dawn of time, the valuation of real estate has always trended upwards, upwards. OK, so it's crazy to me how again, some people would rather fear real estate in comparison with blockchain. Something they live in, see, touch and feel on a daily basis. Ladies and gentlemen, making make sense to me, man, I'm trying to understand.

Why does this gotta be an either or? This is not an either or. That's that's the most important part.

That's a topic. That's a, that's a that's the topic of the room, man.

Mutio. God damn Mike Gary mucho. God damn Mike Gary.

Kumbaya, motherfuckers.

Tell jump in, man. Break it down for me. Let's talk about it.

Let's talk about it. Ohh. You're killing me, Nelson. No, listen, first of all, the fact that we live in those properties doesn't mean that people understand what's going on in those properties. And I'm sorry, I'm distracted by my kid. And what I wanted to say is the fact that people live in real estate doesn't mean that they understand what is, you know, how to invest in real estate. Those are different things. And you know, it doesn't. And and the fact that, you know, at the end of the day, it'

It's again, it's not really. It's really a matter of what do you want to do with your money and some people are happy to take risks bigger risks maybe on crypto rather than on on on real estate. Maybe real estate looks more stable to you because you're more in that for years. And by the way, technologies also have been years for many many years and and they're evolving all the time. And the 1990s you know when people when there was the beginning of web.

When Web one was here and people didn't believe in web two they said, you know, why do we need all those social media platforms. This is a waste of time. This is you know, not gonna you know, someone said Ohh because because people could advertise. But then then the the guy told him yeah but this is what radio is for and magazines are for. Why do I need, why do I need to go online for this? This is a waste of time. That and today it's part of life, social media and digital marketing and marketin

And you know the life, the online, the technology has evolved and changed and and brought us different wonderful things and terrible things at once to the world by having the social media platforms and the ability to create conversations like dialogues instead of monologues, et cetera. Web Three is going to be the next kind of evolution of the Internet and this is what's going to create a huge change not only by by.

I think that the the main thing here it's it's not about the making money but it's about owning your data. You know bringing back the power to the people to be able to actually own your own data and not just not let it be owned by big Giant technologies to technology company tech companies. Sorry that might you know that today on your data they can sell it and to anyone who want advertising your all your data and you have no they can.

Shut you off. If they want they can you know they control everything and and different countries they control the Internet. So whatever happens now in with the you know with the Iranian women et cetera they they blocked all the Internet over there. It's all being controlled by you know bigger government at at.

Bigger out government, uh, institutions and and and different, you know.

I don't want to go into it much but.

This is bringing back the the the the freedom of speech, the opportunity for people to be able to own their data, to be to sell something and get the money 100% back to yourself and not go through third, third parties.

And so many other advantages for the web. Three to actually yes.

So, so tell basically so you you without a doubt believe in this whole concept of decentralization. Is that correct?

I I think that we're not gonna have 100% decentralization because we do need. We do need.

To keep this.

You're killing me. You do need to keep.

I don't know. I thought it's you, Nelson.

Man, who the hell is that clapping this God damn hands like that man make making all that God damn no it. Who the hell is that?

The rock. That's the rock rock.

Ohh yeah.

I thought it too, Nelson. I was like, OK, yeah. But what I'm saying is that I don't think we cannot live without, you know, someone to lead and something, someone to to make, to organize things. And and it's not, it's never going to be really. I don't think it's going to be fully decentralized, but if we are going to have decentralized you know.

Authorities, not authorities. I'm missing the word in English, God damn it. If we are going to have some decent, more and more decentralized, you know, economy systems and way of living and and programs and platforms and structures that we're going to make this the world. It's going to be a better world anyway. I just, I just do think that it's not going to be only decentralized, but it's going to be much more decentralized than what it is today. I hope so. I hope for all of us.

That it is going to be this way, but that's what I that's my thoughts.

I mean.

That. That.

And alright, alright, so that's how I love you. I'm still not convinced I'm going back to my football.

Right.

Football Sunday, man, I wasted my son. Y'all still ain't convinced me. Look on you first, you. I know you've invested a couple of things. You put your money in there and you holler at me and let me know what's up with it, man. Holler at all later.

Girl, I love you. I'm not trying to convince anyone. I just know what I believe in. You don't have to take it. It's not for you. I'm just just sharing. In general. I know you don't believe anyone and you don't. You don't. You're not convinced.

Right.

Yeah, I was just gonna say tell Dre doesn't can't be convinced because he doesn't wanna be convinced.

Right, exactly. Thank you, David. Love you.

No, you said you made some money. So when we meet up again, show me, show me some money. Show me some real money. I ain't talking about No 4%, man. I don't. I don't get down with that. I am one of them people that have a higher risk tolerance. So I look for 10X20 X 30X returns and more and all that kind of stuff. So show me that, man. I put this in this. I made this. And this might be one. You want to look at you in the Comic Con. Came up with a brilliant. You know, I I think it's brilliant. But

Again.

Enjoy your Sunday.

Yeah.

For sure, bro. For sure. So we have Gary with his hands up. We also have Alex.

I know Gary was first, man, but man, I don't know if I wanna hear more of that God damn bullshit coming out of this God damn mouth let let's go to Alex.

Let's go to Alex.

Alex jump.

All right, all right, all right. Well, uh, happy Sunday to to all of you. I is gonna.

Putting a couple a couple of cents.

And I'm working on art and NFT project.

Ohh, and one of the arguments said here to not invest in NFTS is because the people selling NFT, there's a bunch of poor guys.

Doing it? Guess yes. I'm just going to drop my thought for you guys to to chew on it. Yes, imagine that there is a guy called Bangor that doesn't have any money and makes NFT's.

What will happen if you were to invest a little bit in in some of their works? That's it.