okay welcome to today's show I have one of the most special episodes for you I
have Brock Pierce here who if you don't know is I consider you one of the oh
geez of cryptocurrency Bitcoin he is the chairman of the Bitcoin foundation he
he's humble so there's about 30 titles I could give him but if you know anything
about Bitcoin and cryptocurrency he is one of maybe the most well known person
in the world number one expert been into virtual currencies since the 1990s he is
the co-founder of blockchain capital which is the biggest crypto blockchain
venture fund he's the co-founder of EOS which is the largest ICO
in history I did the math it's probably over 700 million dollars raised and is
it fair to say you're a crypto billionaire you asked me one of my sort
of favorite questions lately I've been putting all into all of my talks that a
billionaire isn't someone with a billion dollars a unicorn isn't a billion dollar
company a real billionaire in my opinion is someone that has positively impacted
the lives of a billion people a a unicorn in my opinion is a community or
an organization that is yet positively impacted the lives of a billion people
you know I think one of the you know kind of misconceptions and a lot of
what's leading to the world in which we live is this kind of misunderstanding of
money that money is a bad thing it's just a tool but that people spend you
know a lot of their lives in pursuit of it thinking it's going to make them
happier and it's going to provide them with something they need and all they
have to do is ask themselves why do they need something and then they learn maybe
if they'll discover whether or not they really need it and so they'll go through
a lot of their life thinking that money is gonna bring them happiness and then
if they're lucky enough to eventually get it you know a lot of those people
end up staying unhappy for the rest of their lives afraid to lose it right you
know cuz it's all about being in the presence and living in the now and then
now you don't need very much and so I think you know as people are thinking
about money and clearly well it's something to reinvent it so the the
the old adages of like money is power that paradigm is going to come to an end
and it's going to be technology as powering consciousness as power and all
sorts of interesting changes to come so if you're watching my target our
audience in this conversation he's jetting to Colombia he's speaking at the
number one Bitcoin talk a conference at all South America so I want to get as
much I'm gonna respect your time because you're super busy guy I got back into LA
this morning we got more we were supposed to meet up on Friday and it was
like we might have to helicopter him in and not a lot I was like alright let's
just let's put it off to today so for people not familiar completely with
cryptocurrency blockchain Bitcoin in one sentence if I have to explain to
somebody what Bitcoin and cryptocurrency is what do you say - I'm in a one or two
sentences well I mean the funny answer is it's magic internet money right there
you go magic internet what I know it represents something far greater than
that and and that is that it's a monetary system that is based on math
and cryptography and so at it's open source and it's transparent so it's
covered on a peer-to-peer basis so it's a system that can't be corrupted you
know it can't be cheated it's a system kind of for the people do you think big
picture there is a potential that Bitcoin crypto currencies blockchain
will take down the Federal Reserve u.s. dollars pounds euros can you see that in
a world in 20 years or does it compete I know I think that
you know there's uses for both and what bitcoin is isn't a currency it's not a
transactional currency it's far too expensive to do transactions what it is
is it's a store of value meaning you're better off thinking of it as gold 2.0 or
digital gold and when you think about it from that perspective you you have to
ask yourself about the history of money and so for the last 5,000 years the
primary form of money was precious metals gold silver and copper yes and
those three you know after ninety-five thousand years of experimenting with
everything were selected because that they had specific attributes it was
sufficiently scarce so that you didn't need it
truckload of it to buy a loaf of bread you know you can transport it it had to
be malleable you gotta be able to take it apart put it back together again it
had to be fungible like diamonds and has to all be the same you can't like
diamonds non-spoiler bull you wouldn't want to put it in a safe go get it in
the air and it's you know rotten right so it these precious metals have very
specific attributes that Queen possesses all of those attributes except for it's
a lot better at all of them and the other big difference is gold is physical
Bitcoin is intangible and the intent availability is a positive trait cause
you can send it from anywhere in the world instantaneously and it's it's just
you know gold actually it's easier to Club you and take it off you
yeah PayPal Western Union may be a thing of the past so it's more gold I think
that's you think gold totally it's not a question that we have I asked just some
beginners on the drive over here is Bitcoin a bubble I know you're probably
sick of being asked this everybody's been saying it's a bubble you see big
bankers saying this the more they say it china's bandai ce o--'s russia's ban
cryptocurrencies the more it's going up right now what's your answer to that is
this a bubble yeah of course it's a bubble but you know what what are
bubbles markets and this one in particular the the price you know
sentiment is the primary barometer you know of the price right now and so you
know when you think about it from you know that perspective it's gonna be an
emotional market and you're gonna see emotional run ups and because it's
scarce you know you can see these big movements and you're gonna see
corrections and you know it's just like back in the internet bubble you know it
wasn't all this straight up and to the right for years we had lots of like you
know movements during that phase and so this is gonna be no different so the
data point i would give you though that's most interesting is we're call it
a 300 billion you know you know we're four we can get four hundred billion
dollar market cap sector more or less right now and you know kind of doing
this in this period how big do you think the internet was during its heyday in
1999 it got to over seven trillion the internet tech stocks and so truly I
think um and that was when it was an only a Western phenomenon and this is
not adjusting to inflation so I could argue it was it'd be a 50 trillion or
100 trillion dollar market today so relative to that market that was betting
on the future but tential of a new technology which is
inferior to what this is yeah this is ten times bigger yeah III I think yeah
we're in maybe a temporary one but we'll go we're far from being even anywhere
close to where the internet got yeah and so the thing that I would argue is the
biggest bubble today is the stock market so you think crypto currencies Bitcoin
at 300 bill three to four hundred billion dollar market cap is not nearly
the bubble as conventional sp500 regular stock market what people have their 401
K I think the stock markets more of a bubble so you could see that crashing a
bigger crash than you can see crypto core of your market is obviously I mean
right so would you recommend people listening should be starting moving a
little bit of their money from conventional stocks over into Bitcoin
ether things like this yeah so I don't ever like to give anyone investment
advice and I don't think that if someone tries to tell you you should do this you
should invest in that always be very skeptical because a good teacher it
doesn't say you should do this they give you information they transfer knowledge
to you yeah so that you can you know be informed and get more informed if you
know it's inspired you in some way yeah and you should know what you're doing
and then make decisions for yourself when you feel that you're adequately
informed and I think that's what good teachers do these are the types of
people that you should listen to people that are trying to hawk something at you
right you know normally that should like put off the red flags and so the
information that I would give people is if you know you're doing what's called
asset allocation if you have assets you you want to try and figure out how they
should be allocated and give some thought to it having tension in other
things that you do and so you can say okay I've now been informed enough due
to my own research yes to inform my own opinion to have my own view because I'm
making a decision for myself I am choosing to do this once you've done
that you say how much do I want to allocate and that's gonna be a matter of
what level of knowledge you have and what level of conviction you have right
you know your prediction of the future and you might say I want one percent of
my assets and something like this you might say I want more right you know I'm
more or less mostly in block chaining crypto related assets in real estate
yeah that's where you put your money either in crip real estate my urgent
real estate so real estate is your physical asset that
if something happens you know you're balanced out here well well I think the
real estate markets interesting because it's undervalued hugely undervalued
because it's the second largest asset class and it doesn't have a matching
engine or an order book it's still running on real estate agents and like
you know having talked about some trakone Ian's infrastructure a market of
this size so as soon as real estate title gets put on the blockchain and
where it becomes digital title yeah is he comes fractional the stuff that's
gonna come out of that is gonna be utterly insane so imagine if you could
say I want to buy you know a hundred dollars and you know every house in the
neighborhood yes for a thousand dollars and it's all fractionalized and it's a
whole market that's trading all the time and fractions of home ownership if you
make it truly liquid markets have liquidity discounts yes bring liquidity
to the market you will cause them a huge in theoretically so this is a whole
thing for those who don't know you have crypto currencies and they're built on a
type of technology that's broadly called blockchain and there's different block
chains that there's Bitcoin is on one technology and ethers on another one
you're the co-founder of potentially one of well II oh s--- is going to be or is
another technology you're saying real estate is gonna go up on this technology
and no longer just be Realtors with titles in old-fashioned 1800s
methodologies yeah I mean this is the the technology that will you know have
that big an impact it's gonna affect everything so do to help yeah what else
will it affect what other huge thing we take you down like to the foundation so
the Internet itself if I wanted to describe the Internet in three words I
would call it a data transport protocol okay it's a system for moving
information now the problem is it's an insecure data transport protocol and
that's because back when the internet was first being designed we couldn't we
didn't have the processing power to run the types of cryptography necessary to
do this and so the foundation of the internet was built wrong and then we
just kept building on top of it but the problem is when you when the foundation
of a system is wrong meaning it's insecure and the way that it was
constructed it's it'll never be secure it's the Internet is essentially broken
what the blockchain is doing is it's going to bring and create the secure
data transport protocol and so the internet is only fulfilling
one small part of its potential because of this security flaw when you fix
security the Internet is gonna reach its full potential which is gonna be I think
10 times greater every industry in the world is going to be affected and it's
going to be a beautiful tank car you see in what will be gone as we know it yeah
this is the new Internet it's the upgrade huh to the entire Internet's
gonna go anything so will websites like Amazon like Google disappear don't have
to go on the blockchain they're gonna they're gonna have to go through their
process of upgrading and anytime you have a big transformational event like
this read the innovators dilemma yeah you know you've got the incumbent and
you've got the new entrants and you know there's gonna be a meeting of the minds
there but my view is I I help the incumbent industry as much as I can and
I help the startup community as much as I can because if anyone is successful in
changing the world and making it a better place we all win if I help
everyone I I don't ever ask for anything I give everyone in the industry I can't
help every person that I have as much time in the day to do I don't sleep
because you know it's such an inspiring story thank you for that I believe you
know this we have an incredible opportunity here to make the world a
better place yeah and get back to that being a billionaire you know this is the
opportunity to be a real billionaire and when you start to understand what's
going to happen in the world you you eventually wake up and you go wow what
I'm working on right now isn't gonna matter in a little while and then you
just people all of a sudden I'm watching it happen in droves all over the world
once they come to this realization it's like they can't get up and live their
the life that they had anymore because it's no longer inspiring yeah because
they realize that whole system's gonna change and now all of a sudden they're
like okay I've got to really rethink everything I'm doing and it may stay in
that same industry using those same skills they have to be the one to do it
and that can be at the incumbents level that can be at the startup level and he
says in companies run corporation a big garbage Japanese yeah and and and and
the big companies are gonna you know also drive a lot of progress too so
these big banks are they should they be scared I mean some of these banks are
hiring huge groups of crypto Bitcoin blockchain people to come in and consult
with them whether they be funds whether they be banks do you think they should
be scared I mean I think they're doing the right thing I mean the analogy I
like to use is we to make our phone calls over twisted
copper wires yes and one day it switched to voice over IP and everyone said hey
there's gonna be the end of you know that that goes oh no no no no the
telecom industry became the biggest beneficiary of the technology massively
cutting their costs in their middle in the back offices and the banks are gonna
do the same thing they're smart yeah they can benefit greatly from this
technology and yeah I mean I when I was passed by banks early on in the space
because I did a lot of you know introducing the ideas to them they'd ask
me is this gonna be good or bad for my business yes I said it's gonna be both
yeah it's gonna be balanced you know you're gonna have you know some portions
of your business are gonna be negatively impacted maybe even go away some
portions of your business will be babe get better and and you know it's it's
innovator die I mean you can't stop change you can't stop innovation we are
living in exponential times yes so you have to get with the program and that is
you know you have to keep evolving you know and we're accelerating which means
you have to evolve even faster than you've ever evolved before and that's
the you know kind of this really interesting thing about the period in
time way in which we live outside there's this Japanese concept of Kaizen
which is to continually improve right approach every situation and don't just
get the job done doing as well as you can and always strive to do it even
better continual improvement and if you start applying this to everything you do
in your life everything you do will become exceptional and you will be
growing and evolving at a pace that you've never imagined yeah you know when
you stop trying to live in a life of mediocrity I mean when we came out of
World War two because we won because we you know you have that pyramid of good
fast cheap and we won the war by being fast and cheap because we're able to
mass produce and that won the war but post the war we kept just doing fast and
cheap and we've basically started to build we've we live in a world of
mediocrity where people are not making things incredibly well we don't need to
be fast anymore we can be you know good and yeah you know we can be good and
fast it won't be cheap and we can make it good it should always happen easily
the Japanese rose up it should always be good and there's this other Japanese
concept of iki guy which is when you figure out what you love mm-hmm
you know what you're passionate about what you're good at you know where you
got the skills I'm never going to be the be a player you know figure out what
you're actually good at too and then figure out you know what the world needs
in the center of that is so what you're good at the world need and what you love
yeah and in the center of that is what you'll find is your iki guy that's your
that's your purpose what's your iki guy you know I'm I we've
got multiple I call them superpowers as well and so you know the the superpower
that I'm using most right now is I know how to take complex ideas and distill
them down into words that are generally easy for people to understand I make my
objective being able to teach a child yeah and if you if you can do that
you've started to hopefully master a skill and you know as the Japanese do
it's about mastery it's an iki guy is how you get to this point and so I I'm a
a storyteller which makes me an evangelist to first follower of Satoshi
and the many other great creators like vitalik and that Larimer and you know
Gavin wood and many others there's you know a lot of incredible engineers
incredible cryptographers you know people that are making you know the code
that's going to change the world and I just try to support you know these
people that are operating with a place that you know from a place of good
intention and so my purpose though is you know everything in my life from
digital currency to everything I've done kind of just uniquely positioned me to
obviously do well in this second you've been in virtual currency since when 90s
99 yet what virtual currency was back then it was gaming so I I was a teenager
and I said I was a kind of a polish game room you know he was also a lot of
you'll remember I'm from Mighty Ducks so he's also a child actor we didn't put
that in there a lot of people know that yeah it doesn't I'm so when you ask feel
an actor I just don't do scripted things anymore that's right your honor
reality act the world is better stage yeah you know you know you don't stop
performing once you become a performer you don't stop using your your
superpowers you know once you've developed them they become poor now
you're using it more powerful persons they become part
of your toolkit the things I mean you just keep learning and you just Kaizen
everything well you just keep showing up and give everything your best so yeah
the gaming stuff 99 is collectible card games online and so I was becoming the
main trader and I you know I bought I called it and then seller and I called
the game company I'm like I'd like to buy your virtual packs of cards you know
think Pokemon or Magic the Gathering and I said like comic book shops to our
baseball card stores I said that's what they do in the analog world oh god yeah
that makes sense and so I did that first deal and in a small game that never got
more than 5,000 users but then I came back when the first MMORPGs were
emerging you know Ultima Online and EverQuest and then I built the whole
sort of market for that and I I built up you know to buy and sell the digital
currencies and games like World of Warcraft and Second Life and I became
the primary market maker for the world's digital economies or virtual economies
and I built up a supply chain of 400,000 people in China in my early 20s that
were playing game professionally to mind digital currency I did tens of billions
of dollars of business lived all over the world Hong Kong Shanghai we met what
ten we met probably 10 years ago through a mutual friend for Thai who was in
Tiger 21 which is an investment group that you were in and we went to dinner
and then we reconnected almost a decade later when did you start with crypto
currencies as we know it the big coins that yeah so I got familiar not as well
probably as I should have very early on but it wasn't until 2012 where because
when I was first approached and asked what my opinion was I was like that coin
you know this was something like it is the future I just don't know if the
future is now or 25 years from now right market timing is something that I try to
be you know you know aware of because that that's kind of the main thing you
could get right it's not hard to see the future and getting the timing right is
the hardest part and so I got in full time in 2012 that's when I said hey the
futures now yeah and I'm good time together let me ask you a
practical question because zach is here his uncle was given about $1,000 worth
of Bitcoin uh I don't know a couple years ago it's probably worth five
hundred grand and he cannot access it because he can't remember how to get to
it what do people know what in this lesson this is a lesson on security
remembering your hat ten words that was this is why you have backups yes you
need to write a beginner well in this specific case does he know what wallet
he had probably we'll find out yeah but let's start it's an investigation what
do you what does he remember did we was using a blockchain not even for a wall
if any point base account you know I didn't figures to figure out what that
is go through his emails see if there's any we calculated it's worth 500 grand
any account registered to that email address and you know with a little bit
of research you may find that the answer is there it's not preemptively for
someone who doesn't want this to happen to them how do you what's the basics of
storing it yeah so when when you set up its security is having two-factor
authentication make sure that you've enabled that using
Google two-factor Authenticator here's the Google app that's the better than
SMS or anything really don't use SMS SMS is not secure for anything never use SMS
again Google Authenticator is the easiest it's an actor you download and
it changes and gives you new codes all the time so make sure you you got to get
the basics of security right and the new world security is important because we
now have secure systems but it does require learning a new skill learning to
use email for the first time you know it's just a new skill and it's gonna
serve you well so put a little time into it because it's important and so yeah
get the two-factor authentication stuff figured out do not use SMS and then when
you open up a wallet it normally has a passphrase something of that nature or
you're gonna get the the two-factor off QR codes or whatever it might be
make sure you get those numbers and things store it down on a piece of page
you do it on a piece of paper put it on a piece of paper and put it in a safe
you know safe in your house yeah you don't want to save it as a photo or a
screen capture because if someone hacks into your photos they you know you don't
want those things what does something like LastPass
not for something like this I mean I wouldn't use your private keys there
unless it's a small account for convenient if it's if it's
inconsequential amount of money of you then you know take one piece of paper if
you want to do things well yeah just make sure you store that put it offline
and if ever you have a problem you know you've got redundancy yeah and that's
why I say have you know multiple of the hardware keys yes I have one in a backup
so everything you're doing here in redundancy something offline and
multiple places especially if you have a lot of money because that's a nightmare
at what percentage I've read a percentage of crypto Bitcoin that people
can't access it's a large amount the people are forgotten where they put it
yeah it's a large amount I mean ten percent now it's there hundreds of
millions of dollars now billions yeah Billy AMI
I read an article I gotta ask you this it came out today theorizing that Elon
Musk is the man of mystery behind Bitcoin you don't have to you may know a
lot more than you can say here on camera any comment on that I never Alon is
obviously doing some of the most extraordinary things in the world I mean
it's kind of like the entrepreneur of the world like yeah kind of the man in
being an inspiration doing like the most challenging like out there like you know
dream big and remember there is no ceiling it's all blue sky above you yeah
anything you dream anything you can imagine you can do yeah you know the
power is within you yes you know if you you know go from a septic go from you
look yeah and so by Tesla what I've been doing what he's done for electric cars
looking what he's doing for solar look at what he's doing for space and you
know and I now look at what he's doing with Hyperloop sad boring I mean he's
he's the man he's that but I I can't see that that has any possibility you know
that's true yeah well no he couldn't I mean as much as he's the man there's
only some and SpaceX I mean there's just so many so much one can do so much and
and he's not been this guy I mean but he obviously was part of PayPal and you
know been a player and overall broader spectrum at least the
FinTech part and others and just being a great mind I mean an inspiration and
he's helped obviously many people I mean he's made a lot of the entrepreneurs in
the world you know the entrepreneurs today because evens but he's inspired so
many so you know obviously PayPal and things led and inspired you know some of
these types right you know we had to go from the old world offline stuff to the
online stuff and then figuring out how to continually upgrade it how do things
continue to evolve yeah let me ask you this one of the questions I did this
poll on the way over here what coins there's so many there's
thousands there's the main coins the Bitcoin the eath the you know like coin
Bitcoin cash are there other coins people should be
watching do you see is there gonna be a world where there's a million coins
every corporation Apple will have a coin here every place you use for a beginning
investor let's start with this and then go big-picture for a beginning investor
would you recommend that wants to put let's say $10,000 into crypto do you
recommend a little bit of that into the main coins that have liquidity and then
some of the alternative coins well I'd say don't invest in anything you don't
understand and so start with the big coins because those are the ones that
the most liquidity did the safest and just work your way down the list you
know start another coin market cap or coin cap or any of these sites and start
at number one and just work your way down from point number one three five
ten and you know as you keep learning them all you're going to eventually get
to the point that you can form your own opinions that I wouldn't recommend
investing in anything you don't understand so start with the big stuff
and then as you learn more yeah now try to understand that you know the rabbit
hole runs deep so just keep kind of learning and you'll see amazing things
you know emerging before your eyes do you think people should trade coins
actively I see people there whether if you think if you don't if you think
you're a traitor you know if you're a Wall Street trader
and that's your competency you know I don't trade but if you're if that's what
you do you know I can see it if you're if you know how to make algorithms if
you're a quant or you know whatever if you're good at it there's obviously
money to be made lots of money to be made in the space
I don't like trading because when I get involved in a project or idea
find a project I want to be fully in support of it and to trade it is
actually to kind of short the project that you believe in yeah because I can
make a couple extra bucks by writing it down and actually causing it to go down
more because I added two yeah I was selling it in the market and certainly
as someone I've influenced it I don't want to be doing that then so I don't
trade for that reason but you know I don't judge others for doing what they
do if that's your talent you know do what you do yeah
well then I want to be behind a project until I'm not what do you think of a
theorem I love the theorem I've been a huge
supporter of ethereal I'm friends with very good friends and most of the
founders my firm was the first to invest in aetherium
you know venture deal I've been I'm one of the founding board members of master
plan which was the early iteration of kind of whatever theorem in some ways
evolved into we did the first IC oh yeah in June of 2013 you know I'm a huge fan
I mean Vitalik and aetherium has done more for you know the market in the last
couple of years than anyone so for people listening that dole in Bitcoin
and and aetherium has done other things too they expand the market you know more
use cases right the smart contracts Bitcoin cash Bitcoin gold the classic
someone listen it doesn't understand that you're a master of making
complicated things simple how do you make that simple for people people going
what the heck do I bet it was Bitcoin caches is this what forking forking is
good for King is evolution we're all here because of working we are a fork of
our parents DNA and this is Forks are generally consensual and and for that
reason they're generally good but then you have contentious Forks and it's the
contentious Forks that you know create you know a lot of the problems because
you have a big disagreement in a community and that contentious fork you
know watching it because it's open source you get to see how the sausage is
made is messy and it sometimes leads to extinction but that's sometimes progress
too I support all the forks where the people
behind it are operating from a place of good intention
you know there multi-variant splits that the community wants to split so be it
if you own any of these fork tokens and gentlemen have you don't have a strong
opinion I would highly recommend you don't sell them unless you know again
have an informed opinion because you don't know if Bitcoin cash can be a
winner yeah I mean certainly I'm not saying that's the case thing you don't
until you have an opinion you shouldn't be doing anything hold-hold your tokens
tell you no do you think there's a chance to see the reoccurring theme
learn to know learned no learn to know wake up wake up yeah which is kind of
how we aligned I'm all about luck knowledge and learning and you're a
learning machine Bitcoin theoretically the the main Bitcoin could go down and
Bitcoin cash could go up Bitcoin gold do you think there's a chance or very
likely chance that all of them go down to nothing or do you think it'll be one
could go down and the other would rise I mean yeah the queen could fail I mean I
don't know if it coins the friends to the myspace the Facebook Instagram
snapchat you know I I think it it's got a much greater chance of surviving than
those did but you know the something else could come along that's
substantially better I don't see it as a right now but I would never say never
it'll be a binary outcome you know Bitcoin will go to a million bucks if it
succeeds and if it fails yeah it's gonna go down and take a very very well we
think it's conceivable Bitcoin goes to a million yeah I mean if it is used no no
so let's talk are people using Bitcoin like I said Tesla's you being used in
countries used in Africa some quick no currency or like wire transfer zest or a
value and places like Zimbabwe it's an exploration yeah this is where you've
got currency control keep in mind there's three billion people on the
planet that have no financial services another two billion people on the planet
with limited finish access to financial services
yeah one aspect that is almost a small aspect of what this technology is doing
is it's going to democratize the global financial system in a way where every
human being on the planet is going to have equal access and the least fortune
fortunate billions of people on the planet are gonna be the biggest
beneficiaries you know get involved and you will be a billionaire buying at my
definition because that's the type of impact we're going to have yeah I mean
and if that's not a reason to make you want to get up in the morning
I mean come on so you're saying that this is the sort of stuff that you you
want to find joy in your life go go and when you get all these things right you
find a way to give your gift and contribute to something beautiful I
promise you the money and everything in life that you need and want almost like
we come to you yeah so these unbanked people there are people in third world
countries there's people in the US my dad was unbaked my dad's from Harlem
never had a bank account in his life or a credit card he didn't trust the system
he kept money in his wallet I took him to a trip to Puerto Rico once and he
lost his sock that had $3,000 in it which is a problem with being unbanked
you know that you can get robbed you could you can have this happen to you so
you're saying this thing that we call cryptocurrency Bitcoin blockchain
theoretically is gonna take these 3 billion people who did you know right
now the top 10 men in the world have more money they add their net worth
together then the bottom 3.5 billion people in the world you think crypto
blockchain has the potential to change that yeah I mean this is one area where
it's one of my only disappointments with Bitcoin is there's still a lot of
concentration you know in this if Bitcoin were to become that big thing I
mean I I'd be one of the the big guys in that world but that's that's the only
thing that disappoints me I you know I really want to build a system that's
fair to everyone yeah but you know I think that bitcoin is still a big
improvement over what we have and you know the world can you know change in
increments you don't have to go from A to Z and it normally doesn't things
normally haven't happened in more of a hybrid type of things you know the
evolution goes through goes and bases you as you continually upgrade levelling
up I'd like to think of life is kind of like a video game people ask me is it
too late to get in bitcoins shot to 11,000 not too long ago that 4,000 and
people go is it too late oh it's if anything you're too early really I
wouldn't say you're too late it's called don't get fear of missing out syndrome
don't feel the need to just dive in that make sure you know what you're doing
yeah don't rush in and what I we tell people is like when I'm giving
talks for these days I'm like hey if you want to pitch me don't walk up to me and
just pitch me your deal don't just walk up to me and like treat me like a Street
salesman trying to hock me I want you know hakka watch you know that's not
like how you and or tell me you can make me a bunch of money that's not how you
know I want to transact right establishing human connection so you
know I think if the world is a game and I'm the game master of my game and I can
give you like the first tip on like kind of how to get through level one you know
level one is don't start out is the first thing you do pitch me don't you
know just walk up and be rude and interrupt someone else that's in the
middle of something talking because you want immediate attention
you know don't be a person that's like what do you do when you're at a you know
at an event you know all of those things are basically saying what can you give
me yeah yeah that's that's people that are just basically going around entitled
and just trying to take from everyone versus doing what you're supposed to be
doing so you fail like right out the gate you know if you pitch me it's like
dying like the first press the button and floppy flappy birds you know people
do that and so if you walk up to me and you're like yeah they do and that's why
I want I don't invest but they I'm telling them now this is a good lesson
I'm teaching you I'm giving you the cheat codes to you know kind of my game
anyway and this game is probably true for lots of other people whether they've
you know thought it through and game a fight it and their minds that some of
it's a practice they probably already put in place I mean no one wants to just
have someone in their face talking you a deal it's just not interesting to any of
us so instead like if you get a burning man
come up to me and tell me you're a burner boom we just skip the like level
10 if you want to talk to Brock first go to first definitely go to Burning Man I
can tell you that I'm always burning you and your wife I've gotten married at
Burning Man how many years in a row I mean married got married once they're
two burns ago God this year we got married in Ibiza okay we married every
year but it's a different place so it's not always that Burning Man
what's the idea there is it redoing your vows as it just it's called I think it's
always fun to celebrate and it's just another reason to Bharti
it's it's a reason to yeah throw you know an event to celebrate love and it's
for your friends more than anything else and yeah and you bought a place in Ibiza
what is it a farm yeah yeah yeah is it one of the bit you told me the acres 68
we're building something magical out there I'm working on also building a
kind of a city a big city somewhere else would you say where it is or not yet I
said yeah I can say Puerto Rico Oh 51st state we're like a hundred eighty
billion in debt thirty-five percent unemployment and now we're hurricane
hits and it's devastating what's happened there yeah I'm moving right now
really I'm gonna be moving down there with a bunch of my friends shortly
because you know it might just be temporary for a moment but I want to go
roll up my sleeves and get some work done down there and help out I think you
know those people need our help and I think that we're capable of so much yeah
and it's almost the become a blank slate now yeah and so in these times of crisis
you know the Phoenix can rise from the ashes you can you know when you
experience great loss it creates an opportunity to upgrade where you can
make these giant trance quantum leaps of upgrades because you basically lost
everything and so you have to start over and when you have to start over from
scratch you would do it very differently yeah then if you have this big thing
that's kind of been you know building on top of itself for ages and ages yeah
so you know in this horrible event that's occurred there will be a great
opportunity that emerges and I want to be a part of helping the Puerto Rican
people helping you know people that are in need I am I'm here on this planet to
live in in service to humanity I see an opportunity to make a difference in the
world and I'm devoting my life to these types of things and I'm an American and
I love my country you know I don't love everything but you know I I feel
incredibly blessed to have been born here and to be given the opportunities
to be where I am sitting here today with you and eternally grateful thank you I'm
glad that we've you know reconnected and been spending time together
yeah you do you know great things I love I love who you are and I love
in the world you know getting the word out and sharing the knowledge in the
wisdom in ways that you know you can connect with mass the masses is a
wonderful thing you have one of those incredibly important roles and great
responsibilities and you know from what I see you're doing great work I commend
you well I appreciate that I'm trying to this is the next thing that I think
needs to get out there and one of the things out that people are asking me is
you know these icos you've done the biggest one right aren't
you the byzantius the biggest by far um I think that's what they you say
Brock's humble but it is the biggest because nothing's done over 500 million
and you're not even done cuz it goes to what may or something of 2018
June 1st June 1st so do you know at the logo is no oh yeah you showed me it's
the it's the chested Hedra it's the sacred geometry of the heart yeah you
you actually he was nice enough to give me I have it you gave me a necklace
thank you for that by the way our most ICO scams
I wouldn't say most of them are scams there are a lot of scams anytime you get
this big of an asymmetry of information where the you know the difference
between the people that have the knowledge and those that don't
is so great every cockroach and kind of scumbag comes out there which is why I
keep telling you don't invest in things you don't understand yeah you can't get
scanned if you don't invest in things you don't understand but there are I
SEOs you think you're solid yeah of course yeah like all things you know
some you know there are good deals and there are bad deals and you need to do
your research and that's why I don't invest in things you don't understand
you can't get scammed if you know what you're doing yeah so make sure you learn
to know yeah knowledge first you know get the knowledge first before you act
don't like rush in and let someone tell you what to do what about all things nor
yourself take responsibility for your life
what about entrepreneurs that want to raise capital I think it's fantastic and
think and icl2 the IPO is basically on a theory in the IC I was essentially
replacing those two venture capital yes it's bigger than another washing it
we're over three billion I mean we're doing like four or five times what the
early-stage venture is right now I mean this is gonna crush at all it's gonna
crush at it so it's the world's changing so sand
and and and there's an opportunity to get involved you know if you're
interested in you know building the city of the future
you know get to Puerto Rico and some you know but I mean be a master and be ready
to like roll up your sleeves and build we're gonna I might come down I mean
we'll roll up our sleeves yeah you know we're we're burners we're guys that can
build cities yeah in the middle of desert yeah we can do things that very
few people in the world can do and you know why not go down there and construct
something awesome that creates all sorts of opportunity for the Puerto Rican
people yeah you know to support the Puerto Rican people in any of the
indigenous tribes and old ways of being and making sure that they have the
freedoms that they need to you know still be respected yeah you know with
things like Standing Rock and such going on today I'm spending a lot of time
thinking about the indigenous tribes most of the world's resources most of
the world's you know minerals and water and things that we need yet to survive
are on the lands of the indigenous people and we think in our big cities
that you know we're somehow superior and that you have these people that have old
ways of being that are just incredibly beautiful yeah Columbia to where you're
going all in all of these places such people that have been doing this for so
long and doing it for so and doing it so well
yeah that because it looks primitive to us because we don't understand their
ways and they've learned how to live in harmony you know they kind of have had
their avatar sort of that's where they are we're not necessarily the advanced
ones for somebody who wants to do an ICO and they're educating themselves do you
think number one that this is a viable replacement of raising capital going up
to Silicon Valley it's you answer this yes absolutely absolutely number two how
do you raise outside of the US because the u.s. the SEC is coming down I know
you guys did I think a oasiz outside the US right you've excuted everybody yeah
we don't even we don't even talk about the Turcan sale in the u.s. yes we
exclude the US I mean but we do encourage us to
to build any house you don't need the token to be able to use the software yes
the software is an open source software available to everyone so so we encourage
do recommend most people do that raise outside of the US if you're doing it I
mean I I look again I love my country but our regulations are the most complex
and the risks of making a mistake are really high
yes and so I did it with the B cap deal but I generally don't recommend it
because the u.s. is where most of your risks comes from but only a small amount
of your capital are you willing to leave some money on the table you know to
sleep better at night yeah and it's not that you would do anything wrong I think
most of the the well-intended I SEOs are doing this with to the best of their
abilities and they're being as thoughtful as they can as they can be
but the risks are high yeah so it's you know you have to make that decision for
yourself I encourage people to do the u.s. if you know they are doing it
correctly and they're properly legally advised but you know this you know if
you're doing the u.s. really know what you're doing
yeah the risks of getting it wrong are you know severe yeah it's a no joke yeah
SEC or not I know the orange is the new black and all I know I wouldn't look
good in that color and I I don't do anything bad I look at everything I do
and I try to also look at it in the future with the benefit of hindsight if
things go certain ways where even though I didn't do anything wrong it could
eventually look bad because some sort of said you know I'm trying to think
through all of the possibilities yeah because you know I just don't ever want
to do something that could be perceived as bad and it's hard would you do it as
a utility token versus because you have to securitize in general do you think
people should be trying to do utility token I mean it depends on your token
each token sale is different each market is different and you have to look at
each deal on you know it's kind of individual basis yes and so you have to
ask yourself this is community building in designing your token or your users is
your community better suited you know if it's a security token or a utility token
yeah and always do what's best for your users always do its best for your
community I like to call the ICO the initial community offering okay not just
the initial coin so you think in general there's a little bit too much greed
right now yeah but this is what happens in
emotional cycles and that greed though to get driving yeah it's driving growth
I mean these are the cycles of things this is how it goes yeah
For more infomation >> Radamés exige R$ 500 mil e aluguel pago de Viviane Araújo - Duration: 3:49. 
For more infomation >> Meet the best rescue team in ...
For more infomation >> Uomini&Donne: alta tensione in studio tra Paolo e Angela | Wind Zuiden - Duration: 3:52. 
For more infomation >> Mostrei um vídeo do BRKsEDU pra minha avó e olha no que deu (assista com legendas) - Duration: 14:45. 
For more infomation >> L'Isola dei Famosi: salta il super ospite e scatta la polemica - Duration: 2:57. 
For more infomation >> Warrel Dane è morto: addio al cantante di Nevermore e Sanctuary - Duration: 2:37. 
For more infomation >> Anche William e Harry sono fan di Star Wars - Duration: 2:15. 
For more infomation >> Mercedes-Benz E-Klasse 63 AMG S 4MATIC Panoramadak, Rijassisstentiepakket Plus - Duration: 0:59. 
For more infomation >> Livro PODE NÃO SER O QUE PARECE | RESENHA | Seja Uma Pessoa Melhor - Duration: 5:03. 
For more infomation >> Citroën C3 1.6 E-HDI COLLECTION NW TYPE !! Climate Control - Duration: 0:54. 
For more infomation >> Citroën DS3 1.6 E-HDI SO CHIC/ NAVI KLEUR .nw APK. - Duration: 0:58. 
For more infomation >> De Martino e Emanuele Filiberto nel cast dell'Isola dei famosi? Ecco la verità - Duration: 3:40. 
For more infomation >> UeD:Ivana single: il rapporto con Luca e la verità sul fidanzamento | WInd Zuiden - Duration: 3:36. 
For more infomation >> İSİMSİZLER DİZİSİ BİTMESİN - TRT 1'E GEÇSİN - Duration: 1:02. 
For more infomation >> GF vip news: flirt tra Ivana Mrazova e Luca? Parlano i diretti interessati | Wind Zuiden - Duration: 3:35. 
For more infomation >> Citroën C3 1.6 E-HDI DYNAMIQUE / NAVI / AIRCO-ECC / CRUISE CTR. / AUDIO / PDC / TREKHAAK /* APK 08- - Duration: 0:54. 
For more infomation >> FAB confirma ter encontrado avião que desapareceu com piloto, mulher e filho em MT - Duration: 0:40. 
For more infomation >> Assalto a Biblioteca Central (Fake Trailer) - Duration: 2:13. 
For more infomation >> UeD: Il triangolo dei corteggiatori: qualcuno di loro questa volta verrà scelto? - Duration: 3:33. 
For more infomation >> JEFF THE KILLER VS SLENDERMAN | Draw My Life + SORTEO 🎁 - Duration: 10:03. 
For more infomation >> Grande Fratello Vip, Ignazio Moser: 'Con Cecilia Rodriguez penso a una famiglia'|Hot News 24h - Duration: 3:47. 
For more infomation >> Ex de Vivi Araujo pede R$ 500 mil em disputa por apartamento - Duration: 3:47. 
For more infomation >> Volvo V70 2.0 D4 R-EDITION / NAVI / AIRCO-ECC / CRUISE CTR. / LEDER / XENON / PDC /LMV - Duration: 0:56. 
For more infomation >> MrFr33zy™ - 🏆🐔Conan Exiles Yo Yo Yo - Fun Night - Yo Yo Yo🐔🏆 - Duration: 4:35:37. 
For more infomation >> Some insane gameplay of Wraith you don't want to miss. Evolve Stage 2 multiplayer gameplay - Duration: 23:56. 
For more infomation >> Volkswagen Crafter Demo € 4.985,- voordeel 2.0 TDI 140 pk EU6 3.5T L3 Pick-Up DC Trendline / Airco - Duration: 0:54. 
For more infomation >> Hyundai i30 1.0 T-GDI 120PK FIRST EDITION-CLIMATE-NAVIGATIE - Duration: 0:59. 
For more infomation >> Hyundai i30 1.0 T-GDi 120PK FIRST EDITION NAVIGATI CLIMATE CONTROL LM-VELGEN - Duration: 1:01. 
For more infomation >> Volvo S80 2.5 T SUMMUM 1e EIGENAAR_XENON_PDC V+A_NAVI. - Duration: 0:58. 
For more infomation >> 'My Fear Is That We Could Be Here 10 Years From Now And We Won't Know What Happened Or Why,' Says… - Duration: 3:57. 
For more infomation >> En attendant Noël : Kids on the slope - Duration: 1:53. 
For more infomation >> Chef Nicolas ganea meal plan ep 8 - Duration: 3:39. 
No comments:
Post a Comment