Hillary Joins Crypto Army?🔥Biden Crypto Meeting🔥 w/ @thejackiedutton

Summary

In this episode of Tech Path, Paul Bar and co-host Jackie Dutton delve into the intersection of cryptocurrency and politics, discussing Hillary Clinton's surprising endorsement in the New York congressional race and its implications for crypto-friendly policies. They explore the influence of pro-crypto entities in political campaigns, the potential impact on elections, and the necessity for politicians to understand and embrace blockchain technology. The conversation also touches on the growth of on-chain brands, the power of NFTs in community building, and the network effect in the crypto space, offering insights into the evolving landscape of digital assets.

Takeaways

• 😀 Paul Bar and Jackie Dutton discuss the intersection of cryptocurrency and politics, highlighting the growing bipartisan interest in crypto.
• 🌐 The show is sponsored by Wilder World, an emerging gaming platform that recently had a significant promotional event at the Wheels Arcade in Austin.
• 🔊 Hillary Clinton's endorsement of George Latimer over Jamal Bowman in New York's 16th congressional district has sparked debate, especially considering Bowman's past votes against crypto-related legislation.
• 🗳️ There is speculation about whether politicians will vote based on their crypto holdings or their political stance, indicating a growing awareness of crypto issues among voters.
• 💡 The conversation emphasizes the importance of self-custody, inflation, and the economy in relation to crypto, suggesting these are key issues for the crypto community.
• 📊 Polls show George Latimer leading with 48% compared to Jamal Bowman's 31% in the New York 16th Democratic primary, with the undecided voters being a significant factor.
• 💰 The discussion points out the influx of money and special interest into politics from pro-crypto entities, which is a new development in political funding.
• 🤔 Jackie Dutton expresses skepticism about older politicians' ability to understand and adopt crypto technology, suggesting a potential digital divide.
• 🛍️ The script mentions the potential for blockchain technology to disrupt industries like pharmaceuticals and artistry by potentially lowering costs and improving transparency.
• 📈 The rapid growth of certain crypto networks, such as the Bas Network surpassing Binance Chain in active Dex users, is highlighted as a sign of the industry's potential.
• 🔑 The importance of creating a simple user experience for crypto adoption is underscored, with references to Bas and Coinbase as examples of user-friendly platforms.

Q & A

What is the main topic of discussion in the video script?

The main topic of discussion is the intersection of cryptocurrency and politics, with a focus on how political stances and bipartisanship might affect the crypto industry and related projects.

Who is the sponsor mentioned in the script and what did they promote at the wheels Arcade in Austin?

The sponsor mentioned is Wilder World, and they promoted their brand at the wheels Arcade in Austin during the consensus event.

What political figures are discussed in the script in relation to their stance on crypto?

Hillary Clinton, George Latimer, and Jamal Bowman are discussed, with Clinton's endorsement of Latimer being a point of interest due to Bowman's known positions on crypto-related legislation.

What legislation did Jamal Bowman vote against that is relevant to the crypto community?

Jamal Bowman voted against the FIT 21 and the CBC anti-surveillance State act, both of which are significant to the crypto community.

What is the significance of the comparison between the growth of Bas Network and Binance Chain in terms of active Dex users?

The comparison highlights the rapid growth and adoption of the Bas Network, which has surpassed Binance Chain in active Dex users despite being much newer, indicating a strong network effect.

What is the role of NFTs and token holders in the business model discussed in the script?

NFTs and token holders are presented as a driving force for businesses, acting as 'jet fuel' that can significantly accelerate the growth and success of a company or project.

How does the script suggest that crypto and blockchain technology could impact the pharmaceutical industry?

The script suggests that blockchain technology, as proposed by Mark Cuban, could potentially lower the cost of prescription drugs by increasing transparency and reducing fees.

What is the potential impact of the round table meeting between policy makers and blockchain innovation leaders mentioned in the script?

The round table meeting is suggested to be a significant event that could lead to a better understanding and potentially more favorable regulations for the blockchain and crypto industry.

What is the concern raised about TikTok's role in the creator economy and its potential banning?

The concern is that TikTok's potential banning could crush the American dream for many content creators who rely on the platform for income, and it highlights the platform's growing fees which could negatively impact creators' earnings.

What is the concept of 'onchain brands' as discussed in the script?

The concept of 'onchain brands' refers to the idea of brands building their communities and sales directly on the blockchain, leveraging NFTs and token sales to create a more engaged and loyal customer base.

What does the script suggest about the importance of user experience (UX/UI) in the adoption of crypto platforms?

The script suggests that a simple and intuitive user experience, as exemplified by platforms like Coinbase, is crucial for the mass adoption of crypto and blockchain technologies.

Outlines

00:00

🗝️ Crypto and Politics: A Bipartisan Future?

In this segment, the host, Paul, introduces the theme of crypto's bipartisan nature in politics. He discusses the integration of crypto into various projects and acknowledges the sponsor, Wilder World, for their promotion at the Wheels Arcade in Austin. Paul then welcomes co-host Jackie Dutton and delves into the political implications of crypto, highlighting Hillary Clinton's endorsement of George Latimer over Jamal Bowman for a congressional seat in New York. The conversation emphasizes the importance of crypto stances in political candidates and the potential influence of crypto holdings on voters.

05:01

📊 Political Stances on Crypto: Impact on Elections

This paragraph focuses on the influence of political stances on crypto within the election landscape. It discusses the contrasting positions of Jamal Bowman and George Latimer on crypto-related legislation, such as the FIT 21 and the CBC anti-surveillance State act. The segment also explores the role of donations and special interests in crypto-related political races. Jackie emphasizes the unprecedented influx of money and interest in crypto, suggesting that it could lead to significant changes in the political landscape.

10:03

💡 Simplifying Crypto for Mainstream Adoption

The conversation shifts to the need for simplification in the crypto space to encourage mainstream adoption. A clip of Rana is played, where he stresses the importance of understanding and simplifying crypto for members of Congress. The discussion highlights the potential benefits of crypto in various sectors, such as reducing prescription drug costs, and the need for more policymakers to engage with the technology. The potential of a roundtable meeting in DC with Mark Cuban and other innovation leaders is also mentioned, indicating a significant step towards integrating blockchain technology into policy discussions.

15:04

🔄 Political Maneuvering and Crypto Support

This paragraph discusses the political maneuvering around crypto support, particularly focusing on the contrasting stances of former President Trump and President Biden. It mentions Trump's recent full support for the crypto industry and Biden's potential roundtable meeting with the crypto industry. The segment also explores the implications of political decisions on small businesses and creators, especially in the context of platforms like TikTok and the potential banning of such platforms, which could impact the 'American dream' for many content creators.

20:05

🛍️ The Creator Economy and Crypto Opportunities

The focus of this paragraph is on the creator economy and the opportunities presented by crypto. It discusses the potential for brands to leverage crypto and NFTs to build communities and sell products, changing the traditional model of brand building. The segment also touches on the importance of repurposing content across different platforms and the idea of taking brands on-chain to build trust and authenticity. The conversation highlights the rapid growth of projects like Pudgy Penguins and the potential for crypto to revolutionize audience behavior and brand engagement.

25:05

🌐 Network Effects and Crypto Growth

The final paragraph delves into the concept of network effects in the crypto space, discussing their significance and potential limitations. It contrasts the views of different figures in the crypto community, such as CZ and Charles Hoskinson, and their perspectives on network effects and the growth of various crypto networks. The segment also highlights the importance of user experience and simplicity in driving mass adoption of crypto technologies. The conversation concludes with a call to action for viewers to join the diamond Circle for exclusive content and participate in the airdrop summer program.

Keywords

💡Crypto

Crypto refers to cryptocurrencies, which are digital or virtual currencies that use cryptography for security. In the video, crypto is the central theme, discussing its intersection with politics and its impact on various projects and elections. The script mentions how political stances on crypto are becoming more bipartisan.

💡Wilder World

Wilder World is mentioned as a sponsor of the video and an emerging game in the crypto space. It is highlighted for its promotional event at the Wheels Arcade in Austin during the consensus conference, indicating its active role in real-life crypto events.

💡Self-custody

Self-custody in the context of crypto refers to individuals having control over their own private keys and assets, rather than entrusting them to a third party. It is mentioned in the script as a significant issue related to freedom and the economy within the crypto community.

💡SAB 21

SAB 21 likely refers to a legislative act or bill related to crypto regulations. In the script, it is mentioned that Jamal Bowman voted against it, suggesting a stance that may not align with the financial interests of the crypto community.

💡Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. In the video, it is discussed as a relevant economic factor that crypto might offer solutions for, impacting people's views on financial management.

💡Political Arena

The term 'political arena' is used in the script to describe the domain of politics where crypto is becoming a significant topic. It is highlighted in the context of Hillary Clinton's endorsement of George Latimer, which sparked debate within the Democratic Party.

💡NFTs

NFTs, or non-fungible tokens, are unique digital assets that represent ownership of a particular item or piece of content on the blockchain. The script discusses the potential of NFTs to move beyond collectibles to utility markets, indicating a shift in how digital ownership is perceived and utilized.

💡On-chain Brands

On-chain brands refer to businesses or brands that are built and operate primarily on blockchain technology. The script mentions the concept of brands launching on-chain communities and collaborating with NFT holders, suggesting a new model for brand engagement and product sales.

💡Network Effect

The network effect describes a phenomenon where a product or service becomes more valuable as more people use it. In the script, it is discussed in the context of blockchain networks, such as Binance Smart Chain and Bas Network, and how they are growing and competing for users.

💡TikTok Shop

TikTok Shop is an e-commerce platform integrated within the TikTok app, allowing users to make purchases directly through the app. The script mentions TikTok Shop in the context of content creators' revenue and the platform's potential impact on small businesses and creators.

💡Metamask

Metamask is a popular browser extension that allows users to interact with the Ethereum blockchain and use decentralized applications (dApps). In the script, it is mentioned as a tool that Congressman Ro Khanna has used to understand the basic experience of blockchain technology.

Highlights

Crypto is becoming more bipartisan, impacting politics and various projects.

Wilder World is sponsored and promoted at the Wheels Arcade in Austin during consensus.

Hillary Clinton's endorsement of George Latimer over Jamal Bowman in New York's congressional seat stirs debate within the Democratic Party.

Jamal Bowman's stance on crypto is scrutinized, including his votes against pro-crypto legislation.

The importance of self-custody, inflation, and economy in crypto discussions is emphasized.

The role of donations and special interests in crypto-related political races is highlighted.

Rana's perspective on the need for simplification in crypto for wider adoption is presented.

Mark Cuban's potential involvement in a significant blockchain policy meeting is discussed.

The potential impact of the Biden Administration's roundtable on digital assets is considered.

The growth of on-chain brands and the shift in traditional brand-building models is explored.

The comparison between the growth of Bas Network and Binance Chain in terms of active Dex users is noted.

The debate over the importance of network effects in crypto with contrasting views from different crypto personalities.

The potential of NFTs and tokenization in luxury brands for authenticity and combating fakes.

The rapid growth and accomplishments of Pudgy Penguins as an example of the power of NFTs and community.

The idea of building a brand by launching an on-chain community and collaborating with NFT holders.

The importance of user experience and onboarding simplicity for mass adoption in crypto.

The potential of crypto to revolutionize marketing, technology, and media as traditional practices are challenged.

Transcripts

all right crypto getting to be a little

bit more bipartisan today we'll be

breaking down what that might look like

in a new world of crypto and politics

and how it plays into a lot of projects

you're going to love it my name is Paul

bar welcome back in a tech path before I

get started I want to thank our sponsor

today and that is Wilder world if you

guys are looking at one of those

emerging games go over and check them

out on a just go to Wilder world on a

you can find a little bit more about

what their doing they did a huge promo

over at the wheels Arcade in Austin

during consensus had a huge promotion

you kind of see what happened there at

the event uh really had a great time I

think this is one of those things where

we see those in real life events come to

reality around crypto so check it out

just go over and kind of follow it along

from X you can run over to the website

Etc if you decide to go that route all

right I want to get into the topic today

and this is more on the topic of

politics ICS but also at the same time

how it applies into crypto so I want to

bring our co-host in of course that's

Miss Jackie Dutton coming in today how

are you

Jackie I'm I'm good we're having a

little technical difficulty but I hope

everybody likes the new microphone oh

the mic is great your audio is excellent

let's lead off with the first story and

uh this is going to be a good one for

those of you in the political Arena and

that is Hillary Clinton stuns the

Democrats by endorsing George Latimer as

uh Jamal mullan's uh congressional seat

New York of course is the congressional

seat right here is the uh district 16

which is what we're talking about this

is Jamal Bowman statements on crypto you

can kind of see it right there fit 21 in

the Sab voted against voted against and

also CBC anti-s surveillance State act

voted against versus George lmer Who

currently does not have a position this

coming over from Stan with crypto from

coinbase are people going to vote their

crypto Holdings or are they going to

vote their political stance yeah I think

uh everybody in in my world at least and

on my feed is well aware that this is a

much bigger issue right this is about

freedom to self- custody this is about

inflation the economy and if you are so

adamantly against it that you know even

Sab 121 which had more to do with banks

than it even did you know the common man

this is probably not somebody who has

our financial best interested heart in

the world of crypto at least yeah for

sure I'm gonna play a clip for you just

so you guys can get framework around

Jamal Bowman but there's a lot of Jamal

Bowman out there people that are in this

position especially on the Democratic

side let me cut to that clip real quick

so Hillary Clinton sparked a big debate

within the Democratic Party by endorsing

more moderate New York primary candidate

George ladimer over the incumbent

Democrat Jamal Bowman Clinton tweeted

that with Trump on the ballot we need

strong principal Democrats in Congress

more than ever in Congress George

vladimer what's your reaction to that

no real reaction I definitely wouldn't

call out a major endorsement with all

due respect I mean we are endorsed by

sitting us Senator Elizabeth Warren I

love our endorsements and they are going

to help us win this race the poll found

that 51% of respondents have a favorable

view of Bowman in comparison 65% said

they have a favorable view of laimer

people around the country are

recognizing that hey Bowman could lose

and maybe that's a surge of energy into

the district I think Bowman has a lot of

supporters his problem is they don't

live in the district you know that that

doesn't work so what I understand that

doesn't work so well if you look at some

of the expenditures in terms of proing

up some of these candidates and it is an

important scenario this right here is

showing Fair Shake right there as the

number two candidate opposing Bowman of

almost and you can kind of see it let me

kind of zoom in on that right there

almost $2 million going into this

uh opposition with this being the case

Fair Shake one of the largest packs out

there really fighting for crypto I think

in general we've seen a ton of very Pro

crypto entities that are supporting Fair

shake this could start to spill over

into a lot of races how much of an

impact do you feel like this is going to

have right now on this year's election

Jackie oh it's huge I think this is an

influx of money and donations and

special interest that we haven't really

seen before in the past I don't think

it's really existed the framework hasn't

been there and there hasn't been the

organization that we really are now

seeing I I know that I see a lot of

people say well I hate that we have to

play this game like a big Pharma or a

tobacco or an alcohol but we do and it

it's just them's the breaks that that's

just kind of the way that it is within

this game but it's gonna actually get

things done in our favor this is where

the polls currently stand on uh the New

York 16 Democratic primary and you've

got it right there George ladimer at 48%

Jamal Bowman at 31% that's currently

there's a little bit of margin error

there but the undecided number is still

the one that is big to me now this of

course many of you guys will say justice

Democrats what are you guys talking

about this is

crazy of course many people will know

this the one name though that I will say

that has seemed to cross the line is

Rana and he seems to be in a position to

where he thinks that a pro business

stance both from a democratic and maybe

across the island the Republican side is

the answer for crypto and a lot of

what's happening in blockchain let me

play a clip for you and I want get your

opinion after this clip take a look one

of the things I've said to folks is even

if you're not invested I'm not invested

in in crypto but I've gone on coinbase

i' i' I've opened a wallet I've opened

uh metamask I I I know what that you

can't buy nfts on coinbase I know that

you need to go on uh the open seats

through metamask I know I know the basic

experience it takes literally 48 hours

to figure this stuff out and yet you

probably don't have more than four or

five members of Congress who've ever

done that uh and we need more people to

actually get the basics go get open a

wallet so it is way too complicated in

my in my experience and the more we can

simplify the more actually you can

reduce the fees so that people know that

you can transfer money where you need to

memorize your 12-word password but if we

can fix that so that you don't have to

memorize that 12w password but but all

of that just means that this is in a

nent stage of Technology if you go at if

you're negative on crypto and you don't

understand it uh it seems like you're

hurting their view of what uh modern

wealth generation could entail artists

if you care about artists songwriters

singers you should be for this

technology if you're going to lower

potentially the cost of uh prescription

drugs look Mark Cuban has this

interesting idea uh with he's where he's

going to use this technology to try to

bring prescription drug cost down we

haven't been able to do that in Congress

we campaign on it every year so that's

Rana uh talking about I mean he actually

said some pretty straightforward things

that I think any congressman and woman

would probably look at and say yeah I'm

going to go ahead and spend a little

time and try to figure this out you

think there's any chance for that really

happening Jackie what are what are your

thoughts on that I mean I think we're

talking about people some of them are in

an age Gap who would ask for help using

their television remotes still yeah so I

just don't believe that they're going to

figure out how to use metamask over the

weekend this here of course is Biden's

Administration talking about a potential

uh Round Table in DC and Cuban is looks

like he's going to be maybe the one that

is there and what they're stating here

is this could be the most significant

meeting between policy makers and

Innovation leaders in the blockchain uh

area to date Mark cubin is uh planning

to be there he's going to pitch on one

area Rana mentioned this about um

potentially lowering cost of

pharmaceuticals let me go to the clip on

that I want to just kind of get your

position on whether you think this is a

good angle take a look and I'd say part

two to what we came up with in launching

Cost Plus drugs was is transparency

because the the missing element in all

of healthcare right now is trust so when

you go to Cost Plus drugs and you Cost

Plus drugs.com and you put in the name

of the the drug that you're looking to

buy you'll see exactly what we pay for

you'll see that it's marked up 15% we'll

show you what the markup is you'll see

that there's a $3 handling fee for the

pharmacy and $5 shipping and that was

only 77 of the drugs that we sell

imagine if they used all 900 plus MH but

you haven't had any mainstream

applications where your mom says okay

we've got to get a wallet because I have

to do a b or c we're waiting for that

next round of applications and there's a

lot of people working on them you know

nfts for the the resale um of books so

we take nfts past the collectible

markets to the utility markets until

mobile phones came along from 1995 to

2007 with the

iPhone yeah right and then even remember

there the first apps on the App Store

were like here look let me hold my phone

like this it looks like I'm drinking a

beer right yeah it looks like I'm

drinking a beer just dumb there's

no reason why crypto is going to be any

different do you think that's the angle

that the administration will understand

I don't necessarily know if they're

really the Apple TOA comparison that he

really wants it to be at this point but

it's not price gouging and that's just

our only issue in crypto we have

numerous problems I want to play a clip

here by C Cody Carbone um and he goes

into a little bit about the importance

of this meeting take a look everyone is

now talking about what President Biden

is going to do because former president

Trump has come out fully supportive of

the industry a complete 180 from when he

was in office and so we are hearing more

and more rumors about how the Biden

campaign are reaching out to crypto the

crypto industry and it's culminating in

this round table that is going to be

hosted by Congressman roana we're

hearing Mark Cuban will be there I think

everyone is still trying to figure out

what this will look like we're hearing

this will be sometime in July and so

this email was leaked from Congressman

Kana saying hey we're going to do this

and now everyone is scrambling to figure

out okay what's this going to look like

and how do I get there and who's going

to be there from the administration the

title of the round table I believe was

you know how do we lead on digital

assets which I'm really optimistic about

over 50 million users in the United

States that's larger than all of New

York State combined they started to hear

about it from their constituents it

wasn't just the crypto Lobby which I am

a proud member of saying hey you need to

pay attention here no now it's you know

the mom and pop store in their District

that wants to take crypto I just wonder

if if Biden will just go the other way

just because Trump has GNA gone this way

what what do you think he'll he'll do

that's really what it seems like I mean

he's talking out of both sides of his

mouth right he's going to have this

round table but he just vetoed Sab 121

what's going to happen when the fit act

comes across his desk if you know you

can't Pander for votes and then slap Us

in the face when it comes to actually

being the one in charge of approving

regulation and not actually doing it

he's had the opportunity at this point

to show his support legislatively and he

has not well in I can't believe I'm

saying this in Biden's

defense what I will say is that Trump

did not come out and say um that he was

Pro crypto prior to that you know prior

to the Sab vote so I mean there's a lot

of Chess being played here because Trump

probably had a little bit of an idea

that Biden was probably going to stand

uh in stance of a veto and Trump used

that as a catalyst to say all right let

me show you the other side of the coin

and boom off you went which could be the

case because he is definitely winning

votes right now in the crypto community

and back to the point the point that

Cody Carbone made which is small

business because that's going to be a

huge stump you know topic for a lot of

these candidates I want to jump to a

clip here because this was something

that happened on Tik Tok that is huge in

terms of small businesses creators and

so on that eventually I think will start

to transition into uh to crypto follow

me on this one let me play this clip for

you canvas Beauty made tick tock history

hitting a million dollars in sales

during a single live

session

cry I'm

uh you just broke the new record you are

the first person to achieve 1 million

for one single

life um in 2023 that market was worth

about $647 billion in China wow in the

US 50 billion so drop in the bucket not

that much so what we're hearing from a

lot of these cpg companies is that they

would rather especially newer Brands up

start such as stormy company they're

going to Tik Tok cuz you can scale like

that uh uh payments and so forth how

does that get done and I assume that

that uh Tik Tok collects some toll of of

of revenues right so basically when you

have a Tik Tok shop all of your

transactions are actually done through

the Tik Tok shop in their platform

stormy do you worry they're G to ban Tik

Tok of course it's always like at the

top of mine and I would hate if they did

such a thing because it would crush a

lot of people's American dream I don't

know I'm looking at it in a point of you

is Tik Tok maybe uh a ticking Time Bomb

here when you look at the fees that are

playing into this the referral fee this

is their current US fees are getting

ready to go from 6% this was April 2024

in July here in a couple of weeks to 8%

when you look at that right now

obviously you as a content creator

you're out there in this sector how are

you playing this nothing feels more

egregious than when you create content

and you put it on YouTube for instance

and you

created the majority of the content and

they threw ads on it right and I'm not

trying to get anybody demonetized today

but I'm just saying it's I mean I'm sure

you see that the payout yeah the payout

is it's wild it's like wow you just were

the vessel in which I hosted my content

but you would have no content without

people posting it it's wild um so I I

think you know as long as crypto builds

simplified infrastructure

the way that we've talked about before

the way that Bas has come in and you

know coinbase wallet has really created

something simple Tik Tok is very simple

as you swipe it's very intuitive and I'm

sure the buying process is equally as

simple so I think just honing that in

and getting to a place where it almost

doesn't matter what currency you use you

just kind of load your wallet with it

and then you can in a gamified way spend

it how you want it yeah it's always

going to open up an opport for crypto

okay all right with that being said one

thing you have to be aware of though is

this Creator fund on Tik Tok which is is

kind of intriguing let me play this clip

because this this breaks it down a

little more take a look I'm currently

making around 2.5 cents per thousand

views and I used to make 5 cents per

view on Tik Tok what happened what

changed the pool of money is the same

size why am I making less per view

because there are more views on the

platform it's grown there are more users

Tik Tok is earning more money the pool

is the same size so there are more views

with the same number of dollars so you

make fewer dollars per view literally

when Tik Tok becomes more successful Tik

tokers become less

successful what if Tik Tok had the same

partnership with creators that YouTube

has Tik tokers would be making at

minimum 16 cents per thousand views that

is six times what they are making now

that person could be a full-time Creator

they could be thinking about expanding

about hiring about creating a business

we don't have a platform without you but

you don't have a platform without us

it's almost the same thing that you just

mentioned and whether you look at X or

you look at something like farcast or I

was just looking at their daily active

users here on Dune I mean look at the

growth that we've seen here on this is

farcaster by the way so for some of you

guys who have not aware of it it's kind

of a Twitter clone go search faras or

warp cast you can get it on the iOS or

the Android store check it out has a lot

of similarities but it's just beginning

it's just getting going obviously X has

a potential with this and then you look

at Social and I think about this right

here this is drip house if you're a

crypto native media you're directly

putting your assets in front of 100,000

Salon collectors per day within web 2

media that's tiny but within the crypto

so here's my question to you being it's

kind of like being a big fish in a small

Pond or a small fish in a big pond you

know which route do you take if you are

a Creator out there especially in the

Crypt space what would you do in that

kind of scenario you know I think

there's really awesome opportunities to

repurpose your content and change it a

little bit as you go from one platform

to the next so you know using the teaser

content that performs the best on one

platform to kind of you know start

sending people over to maybe the higher

quality content that they're really like

becoming rabid for and really looking

for uh I think that's probably the best

strategy one thing that has started to

really perk my interest is the idea of

taking brands on chain let me play a

clip for you because this is a good one

about maybe how Brands could go on chain

take a look so what does the new formula

look like build a brand launch and

onchain Community AKA nft sales AKA our

little own version of

iqo collaborate with the nftd holders

and then sell products completely

changing the model of how we know brands

are built so this is obviously seeing an

uptick of what we call onchain Brands

where nft communities no longer are

being confined to the fact that they're

just NFC communities but they're also

thinking about what can I do ahead of my

brand to take this more Main Street

would you pitch this to a new business

and say start this way yes and I think

the it builds that no like and Trust

kind of you know we're just really tired

I think of being just like sold

something like you know hi buy this like

it's very disconnected of like oh I

don't even know you um and and I think

that that no like and trust that you you

build a brand you also give something

like an algorithm the opportunity to

show it to you based on likes that you

have you know shown that you're

interested in in the first place I know

it's creepy but I really like when some

stuff comes on my feed that was

searching for and it's like oh my God

you have a chip in my brain well one of

the strategies that has worked very well

is of course the project pudgy Penguins

uh here's a clip here from Luca talking

about nfts and why they matter so much

take a look in reality we've only been

hitting a stride for call it 15 16

months if you look at our

accomplishments and you look at our

funding landscape you think to yourself

they have you know 40 50 billion views

across social they have over a million

toys sold they have these huge

Partnerships that are kind of unheard of

you know Partnerships that take years

and years to kind of Garner we are just

moving so much faster because I have

10,000 people pushing my my objective

with me nfts and just token holders in

general are either the ultimate jet fuel

to your company or the ultimate

deterrent you can win in a way that is

unparallel to anything we've seen prior

to crypto uh you could make the same

case for ethereum in that programming

language like you know the last time a

programming L language hit an Enterprise

value of $500 billion it's just like

it's it's it's it's it's relevant across

the board I think this is a complete

shift of thinking you know everything

I've learned in marketing technology and

media for the last 25 years I look at

what's happening today and I think this

is a revolution in how audiences behave

because Luca is right you know you put

it's it's you know there was an old book

out there by Seth Goden called tribes

and tribes are exactly what he's talking

about build a tribe of a thousand or

10,000 and that tribe can become such a

great opportunity but there's not very

many companies that ever did that so now

we're starting to actually see it

because of the potential for nfts being

you kind of the mechanism uh so so so

far do you think this is still a fad or

do you think this is really a shift in

business I think it's valuable for them

to look into it and to implement it

especially with like the highend the

luxury Brands it's so hard sometimes to

spot something that's fake you know a

designer purse that costs

$25,000 how do you really really know

that you got what you wanted um and got

what you paid for so having that

authenticity of something on the

blockchain I do think really starts to

validate that the key here is going to

be scale and one of the areas that I'm

watching very closely is of course how

well these networks are growing here's

an example Bas Network now surpasses

binance chain in terms of active Dex

users this is crazy Bas is to not even

is it a year old yet I'm I'm trying to

remember it's like it did one onch sum

about a year old about a year old and

it's it's basically going past binance

which has been in it for eight nine

years now that is insane growth what do

you think about the network effect what

what what's your opinion on that well I

think it helped that you know coinbase

was not demonized by us corporations so

that probably was really helpful a

little bit um and you know it's all

still that uxui experience it's so much

easier to use coinbase than it is to get

on a pancake Swap and buy in it'll take

you you know I I've heard computer

Engineers say it took them two days to

figure out how to buy a BSC token oh

that well that well that goes back to

the whole thing around the onboarding

comparison that back in the beginning of

the episode on rokana is just making it

just super simple if we're ever going to

see Mass scale and the network effect

it's going to happen that way clearly

Bas has kind of proven that however

there is one guy out there that we all

love that says maybe the network effect

doesn't matter who do you think that guy

would be the network effect doesn't

matter for CP what I mean CZ is he going

to stump for binance he's in jail right

now though he can't talk

that's a good one I love that one all

right well I've got it for you let's go

ahead and play the clip for Jackie and

you know so Network effects don't mean

anything in technology uh in economic

political and social systems means

absolutely nothing so Network effects

change all the time and the people that

you'd expect to win whether they be

ethereum or Bitcoin you know here today

gone tomorrow you know salana was dead

now you know huge amount of growth okay

could be dead in 12 months could grow

another 5x 10x those are flashing the

pan unless you have the right

fundamentals though ethereum suffered

from this they got stuck in a Meer and

now they have all these competitors so

they could get mys spaced very quickly

why cardono well that's what it is

that's what we seek to do I'm I'm I'm

here's what's amazing to me is that

Aaron and

Austin were had kept a straight face on

that because I don't think I would have

been able to I was Charles what are you

talking about what are you talking

Network effects do not matter I love

that one that should be on a t-shirt or

you know Network do not matter cardano

Community this

man like bless his heart really I I saw

he's surprised today that a shitcoin

named after like his dog is doing really

well like that just blew his mind and I

I think unfortunately you have two

schools in crypto you have the dog whiff

hat shitcoin zero utility don't care

send it to billions and then you have

the coded in hasell Charles hoskinson

Ada Maxis and these two do not

communicate and they don't understand

each other there's a much smaller pool

of the Charles's than there are of the

whiffs yeah yeah definitely a different

world uh in different orbits which is

fine all those orbits can coexist in

this uh thing we call crypto Jackie it's

always fun having you on the show I love

you get your your opinion on these

things so thanks again for stopping in

today we appreciate it my pleasure all

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