📢GITCOIN RADIO #GitcoinBeta Community

Recorded: May 5, 2023 Duration: 1:08:31
Space Recording

Full Transcription

You know, you know,
you know, you know,
Welcome, guys.
You know, you know,
one, you know, you know,
it says, it says,
you know, you know,
he was, you know,
you know, you know,
you know, you know,
and you know, you know,
you know, you know, you know,
you know, you know,
you know, you know, you know,
you know, you know, you know,
that's why, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know,
Yeah, there's a little bit of delay. Can you repeat that?
You said that it's to avoid the
characterization of
the location.
Location and also, like, he has
also basically done that for the
legacy verified accounts as well.
Now when you see that,
then it's only showing
that the account is verified.
And you can only be verified if you are subscribed
to Twitter Blue.
So, he has removed the legacy.
Okay, okay.
Yeah, but he,
Elon Musk, he already, he also
paid for some people,
some famous people.
I'm like, why are you paying for some people?
Yeah, I think three people, right?
LeBron James and two more.
Yeah, yeah, yeah, yeah.
Because these people are refusing to pay.
I'm like, bro, you should not,
he should say, no, I'm not going to pay.
You guys are, you know, unverified.
Yeah, even,
actually, even he,
I think in one of his tweets,
he has mentioned that
if you guys want to
the Twitter Blue for someone,
then also you can do that.
So, their fans
so like the celebrity,
the fans of the celebrities
are also sponsoring the Blue Ticks for their...
That is smart.
No, that's actually smart, actually.
So, they don't have to put the bill.
Because the celebrities,
they don't want to,
they don't want to actually pay for it, right?
And they won't,
they are so arrogant,
like, they're like,
they're so arrogant
that they don't want to pay for it.
They feel like...
So, I think what they feel like
they have already achieved that.
So, if they achieve something,
then why do they need to pay for that?
Yeah, but that's just,
that's pure arrogance.
So, that's pure arrogance.
I think Twitter Blue,
what's so interesting is,
Twitter Blue was a club.
This is what other people don't,
the blue checkmark
was actually a club.
if you have a Twitter Blue,
Or Twitter,
a verification,
there's actually a notification
that is actually for
verified accounts.
these celebrities
people who are,
I guess you could call it elite,
people who are famous.
when they need to check
their verification,
or when they get a notification,
tagged them into something,
they don't look at
all they mentioned.
They just look at
their verified accounts
and they only respond
to verified people.
that may be,
that may be due to the fact
they are receiving tons of
notifications on a daily basis.
but that's a class,
that's a class,
that's like a,
you know what I mean?
a club that,
only a few people
are allowed to go into it,
you know what I mean?
a high-end club,
celebrities,
Elon Musk has destroyed that
not destroyed it,
destroyed it for them,
Destroyed it for them
by opening it up
to everyone.
But still,
the fact that he said
he was paying for it,
that's not good.
He should not have been paying that
because that defeated
the purpose of why
he actually did that
in the first place.
Because one of the reasons
is there is,
he cited was that,
there's an element of,
of fairness as well.
There's no fairness,
you know what I mean?
these verified accounts,
they feel special,
they feel,
they are the only people
who are important
in the world,
And so that's,
he was trying to,
pretty much,
dismantle that whole thing.
even seeing,
even seeing him doing that,
Instagram has also done the same.
that's amazing.
That's really good.
So he'll be able
to make some money.
That's okay,
That's a good,
that's a good.
I send the,
I accepted your,
your thing,
but it seemed like
your connection
is not good.
But let me just
add you again
and I'll add you
to invite a co-host
and see if,
if you'll be able
to come on.
But that's really good
that he set up a way
for the people.
So if you go
to the account,
can you see,
it would be nice
to see if there is a,
if you go to LeBron James,
it would be nice
to see like a,
like a donation button.
To really show
that these people
are not paying
for their Twitter blow.
Is he showing,
you know what I mean?
is he showing that?
I was just saying
that it would be nice
to actually have that.
to show that
these people
are not showing.
what about the subscription feature
that they have just added?
Subscription feature,
is that for the,
are you referring to?
if you see like
the profile of Elon Musk,
then you can see
the pink colored,
the pink colored circle
subscribe to Elon Musk.
support your favorite
people on Twitter
for bonus content.
So it's sort of like
a paid subscription.
And you get
some content
points you
at that UI subscriber.
It's about
$5 a month.
it's quite interesting.
how do LeBron James
is it similar to OnlyFans
or something like that?
I don't think it's
we're posting
photos of robots.
That's pretty much it.
maybe actually,
maybe might be
because there's a lot of
OnlyFans on
on Twitter,
to be honest.
There's a lot of,
people on Twitter.
maybe that's
is to cater to them.
They don't want to
discriminate against them.
even I've seen that,
like in Instagram,
like if someone posts
like a nude picture,
then they used to blur
or something like that
and remove that too.
But Twitter is not doing that.
Twitter doesn't do that.
Twitter doesn't do that.
It's crazy.
even hashtag,
hashtag Twitter,
you see some
photos that should not be on here.
You know what I mean?
this should be
advertisers should be
should be going crazy.
They should be like
telling Elon Musk
that you need to actually fix this
it's not a good brand
for advertisers,
Totally, yeah.
but maybe,
maybe advertisers
are not even aware,
They're not aware at all.
But still,
it's just,
it's sketchy,
I was going to say,
but when is it,
is he going to introduce
by the way,
to the button,
I will say?
I think so.
If you introduce
as a button man,
that would be really nice.
I think you can write a tweet
and tag him.
Maybe he'll see.
He will see.
It would be like,
you know what it would be like,
It would be like,
it would be like donating
the charity
to LeBron James,
to be honest,
because these people
are not willing to pay.
let the community
donate to them
to keep the blue check.
And maybe make it public.
Maybe make the amount
that people have been donating,
make it public.
people can actually see
the amount,
total amount,
on their profile,
on the person's profile.
I think that would be
really smart,
that when you can see
that the balance going low,
you can contribute more
as a fan or whatever.
so like the government
organizations are also paying
for the silver color tick.
They are paying
for the silver color.
It's about,
it's about one,
at the moment,
it's 1,000 US dollars
per month.
1,000 is for the golden one,
For the golden one,
I'm talking about
the government related one.
I think it's,
it's free.
might be three?
what I'm saying,
it can be free also,
what I'm thinking,
if somebody is affiliated
with government,
if he is basically showcasing
the proof of that,
then I think it's free.
But I'm not sure,
You might be right.
verified organization
is for organization
of all types,
businesses,
nonprofit,
and government
institutions.
but government
institutions is,
a government
institution is not
a government,
government agency,
for example,
That's not a government
institution.
We're more like,
something that's funded
by the government,
for example,
institution that's funded
by the government.
But if you talk about,
ministries,
for example,
I don't think they're paying.
Prime Minister Moody,
for example,
I'm sure he has a Twitter account.
I don't think he,
I don't think they're paying at all
because he's a direct,
he's not a,
he's not a representative
of a government institution.
He's a representative
of the government itself.
You know what I mean?
I think there's more,
there's more willingness
for people like him
and others,
others as well,
for them not to pay.
for example,
some other government institution,
like a public university,
for example,
that is public,
that is funded
by the government,
I think they would be required
what is also interesting
this is crazy.
a verified organization
is $1,000 per month
plus any taxes.
each additional
affiliation
per handle
plus any taxes.
the affiliated account
like the one
which is showing
next to the,
like to Elon Musk,
like he's affiliated
to Twitter.
it does say
that affiliate accounts,
I think affiliate accounts
are more like
all accounts
organization
and their affiliates
will receive
all the benefit
of a Twitter blue.
and they also show
like a kind of company logo
or something like that
next to the blue tick.
so I think
that might be
affiliate account,
that could be,
that could be
a subsidiary
of an organization,
but it could also be
employees of
an organization
I've noticed
Foundation,
or Falcone,
Falcone Green,
the organization,
the organization
by Falcone,
the one that,
was able to win
what is it?
Hackathon,
The recent
Hackathon,
so they have,
they have a
Falcone logo
next to their name.
that means that
they are affiliate,
verified account,
this is a verified
because it's affiliate
of Falcone
on Twitter.
so seems like Falcone
is paying for all of them,
all of the affiliate.
that's it,
for Falcone,
for Falcone Green,
they would be paying,
75 or 50 dollars
US a month
for this account.
But of course,
it's being paid by,
by Falcone.
I think that's actually nice.
It makes it,
if you have some companies,
if you have some accounts
and stuff,
it just puts it all together
in one place.
And I think that's actually,
it makes it just
much nicer.
so you don't have to worry.
So like what he did is like,
basically converting
a non-profit organization
to a multi-billion.
Elon Musk,
by introducing the subscriptions.
They are earning it.
I think it's pretty much.
But he didn't get as,
he hasn't got as many people
to subscribe though.
That's the,
this is the thing.
I don't know how many people
have subscribed so far,
but it's not,
it's not as many
as people expected to.
so what is it?
I don't think,
actually even I've seen a guy
basically posting on
that LinkedIn and other
like social media platforms
need to create a pay to chat
So if somebody
want to talk to somebody
like Elon Musk
or some celebrity,
then they need to pay
like a kind of connection fee
split between,
between the platform
and the one who is paying.
So as a founder,
like basically he's saying
that as a founder,
I would have gladly spent
hundred dollars
over the last year
to try and reach
the right people.
But you really,
you really,
you really have that
with LinkedIn,
you have a,
you can get a plus
subscription,
which then allows you
to message people
who you can't message.
But the thing is like,
it will basically,
like it will be falling
into spam,
like in mail,
in mail thing.
That's not a direct message.
So what basically,
even though,
even if you're paying,
Like it's basically
falling into in mail,
like not a message
because unless you are
connected to that person.
So that's when every
social media platform,
Like the problem is similar.
Like you can't reach
to an influencer,
like to an influencer
unless you are an influencer
by yourself.
and I think also as well,
like with,
with Twitter,
there's about 400,000
paying subscribers
which is pretty low
as of March 28th,
March 28th of
this year.
Twitter Blue has made
as of March
$11 million.
I think the other thing
what Twitter is also
dealing with is because,
so they made $11 million
in the first three months.
So they should make
maybe $50 million
Excluding,
you are excluding
the organizations.
if you're excluding
just the Twitter Blue,
just the self.
So in the first three months,
they made $11 million.
But I think,
the problem also as well
and Android.
Because Android
and Apple,
they charge
in-app purchases.
This is absurd.
So imagine,
and this is why
sometimes,
let's say you subscribe
to like Netflix
or website
or some other.
And you want to pay
on your mobile.
It will take you
to a browser
to log in on a browser
and then pay there.
if you pay
within the app
of Netflix
or within the app
of whatever.
the platform
which is Apple
or Android,
they take 30%.
like why they are
taking that?
Because they are
basically utilizing
the infrastructure cost.
Because if you are
basically launching
your own website,
then the infrastructure
cost is on you.
But if you are
launching an application
on their platform,
then they are
paying for it.
I think 30%,
30% is a lot too.
because they are
already taking
like $100 per year
for lifetime.
They are already
taking that.
And what you're
what you're
saying that
is because,
like I think
they are abusing
They are absolutely
100% abusing it.
this platform,
they are so,
they're monopoly,
basically.
But I think
if that's true,
then why have
they not forced
Netflix to do
in-app purchases?
Because Netflix
right now,
if you download it
and you won't
subscribe to Netflix,
Netflix takes you
to the browser.
Netflix does not
want to do it
which means
that Netflix
is not paying
whatsoever.
Netflix is also
associated with
like with Apple TV.
with Apple TV.
why would,
why would,
Apple and Android,
why would they
keep Netflix
on the app store?
if they're not
paying the 30%,
because they're not
paying the 30%,
they're avoiding it
by taking people
to the website.
The other thing
I think there was
a gaming company,
maybe not,
might not be
one of the,
there was a gaming
company that went up,
maybe it was Fortnite,
I don't know,
but they went against
against Apple,
and they had actually
a lawsuit.
I don't know how
that lawsuit is going
but the lawsuit was,
the lawsuit was around
the fact that,
that they were doing
in-app purchases
and they were not
to allow the payment
like outside the platform.
but that's also what,
but that's also what,
all these apps do.
That's what they do.
Netflix doesn't allow you
to pay in,
in app at all
on Android or Apple.
But these,
platforms are so
like they are so
even Amazon,
like Amazon,
they will actually
and this is,
they admitted these
like it's not like,
it's not like it's,
when they testify
in Congress,
for example,
but the Apple,
Apple is a big,
guilty of this,
Apple and,
and Amazon.
So they look at
what is the Amazon,
this first instance,
Amazon look at,
if you're,
if you're,
if you're,
I've just accepted
solar phone,
if you're,
what is it,
your product you're
selling is doing
extremely well,
they analyze it,
and then they
undercut you.
Amazon does that.
They undercut you
like crazy,
what they do,
if your app is
really good,
And they want to
get into that app,
they create their own
version of the app,
especially if it's
some sort of tool,
There's some exception,
like Procreate,
for example,
is an exception.
Procreate is like a,
is an app,
really nice app,
iPad and stuff,
it's like drawing and stuff,
but there's some apps
that have been
dismantled by Apple
because Apple
created their
competitor to,
to that app.
You know what I mean?
Yeah, yeah.
And of course,
they know the data,
they can see the data
and so they're able to
actually critically
take advantage
of that data
to create an app
and basically
win over that,
that particular
or whatever
or that particular
so these platforms
should be decentralized
will never,
will never be
decentralized,
other companies
to come up,
we can't force
the current status quo
and become decentralized.
I think we need
different,
different apps,
different.
Let's see how the Solana
phone will do in the market.
They are launching it.
That's cool.
That's cool.
So that's actually nice.
So if they have a phone,
that could,
even if it doesn't work out,
even if it's not successful,
that is something that people
can actually look at
and analyze
and see why it wasn't successful.
And that once,
that next time someone else
or a different project
launches a phone
like that,
then it has more chances
of actually succeeding.
So that's really,
really nice
that they're launching
the phone.
if you're on Android,
close your app
there is some time
what you can do
is just press an app
and then you go to
and then four stop.
I do that a lot actually.
Four stop the app.
It only works on Android.
It doesn't work on,
on iPhone.
try to do that
and then come,
come back up.
But it just says
that you are,
you are connecting,
but it's not connecting.
But hopefully it doesn't.
I want to ask like,
why the charges
of the subscription
for the Twitter blue
is different
like on web
That's why.
they increase
the amount
on the phone.
even on iPhone.
So like if,
on Android.
So like if you are getting
the Twitter blue subscription,
like on web,
then like if you are operating
the app from the mobile phone,
then it will not show.
The blue tick.
it will show,
it will show.
It will show.
It's just the,
the paying method,
When you're paying it,
make sure you use a,
pay it on a laptop.
Don't pay it on your phone
because when you're paying
your phone,
you paying the fee
that they,
that they give
or what is it?
Or Google.
but this is the thing,
like all these fees,
all these high fees and stuff,
they prevent
products being created,
like micro,
micro payment,
for example,
you can't do micro payment
on some of these,
on some of these games
because they will charge you
they're actually limiting
innovation,
you know what I mean?
They're actually limiting
innovation a lot,
They can still earn profit
if they charge 10%,
I would say
they just need to charge
that's it,
1% to be honest,
think about it,
Think about it,
if they charge 1%,
What is the revenue of,
what is the revenue
of Netflix,
Netflix generates
$8 billion,
let's just say,
let's just say
$5 billion,
$5 billion will go through,
or even let's say
$3 billion,
We'll go through
of $3 billion,
would they earn?
They will earn
$30 million
from that one company.
if they do that,
that is much better.
if they charge 1%,
that is much better.
but they're charging
than the tax
the government
is actually asking for.
You're talking about,
governments,
Governments,
like Australian government,
for example,
they charge a 10%
which is like,
gross tax on services
and products.
Goods and services tax.
Goods and services.
good and services.
and subscription,
they take 10%.
The government
takes 10%.
if you think about that,
Apple is three times
charging that.
Apple is their own government.
But if they do that,
they make 30 million dollars
from Netflix.
And Netflix
wouldn't really,
would just do in-app
because then they wouldn't
really bother
take people to the web,
to subscribe.
and they are earning
because it's much.
and basically I've seen
a data like where it's showing
that Apple is earning more
through its services
than the products.
the whole,
the whole phone industry
or the whole technology industry
is just so bad
you get a phone,
an iPhone,
for example,
very expensive one,
and then you not get a web,
you not get,
you not get a,
subscription,
for example,
on the web,
you would,
you don't get 10 gig,
you don't,
you get five gigs,
you don't get 50 gigs,
you know what I mean?
because they want you to go
and subscribe to the web,
to the web services
and iStorage,
but that should come by default,
You know what I mean?
now iPhone,
they don't have,
a plugin where you can actually
your headphones.
They don't have,
all these things.
You can't take the battery out.
There's so many things on Apple
that just makes you think,
especially if you live
in a developing country,
like Africa.
So the monopolies like that,
they just want to buy,
they just want you to buy
their products
to use another product.
They want you,
and they want you to subscribe
to their products
and services,
which is services.
They want you to subscribe
to their services
on the online services,
their storage services,
even though you buy
two terabyte
of a phone,
they'll give you
on your cloud storage
by default.
That's crazy to me.
That's just,
that's just absurd.
They should actually,
and also as well,
you can't buy
the service.
You can't buy a storage.
You can only subscribe
to it on a monthly basis
or yearly basis,
but you can't
actually buy it
And the majority
of the subscriptions
actually are towards monthly
because they want
to be able to show,
we have a,
monthly subscription,
coming in.
But really,
because I feel like
people just want
to pay something
and then just forget
They don't need to go
all this stuff.
So I don't know,
I feel like,
I feel like they're
going to lose,
especially the developing
countries.
I feel like they're
going to be,
they're going to lose,
And soon enough,
we're going to have
phones that don't
even have SIM card.
You know what I mean?
They will remove
the SIM card slot
Now you only have
electronic SIM card.
Like from which phone?
I'm saying that
in the near future,
you will not be able
to have SIM card
in your phone.
They will just have
electronic SIM card,
invisible SIM card.
Like they are having
the secondary SIM
as eSIM as of now.
I think they will make
that primary as well.
so I think it's quite
interesting,
It's quite interesting.
we are having
And how's the
Gitcoin round
Gitcoin round
is going good,
It's going good.
The gas fees
are still high,
but it seems like
people are getting,
people are starting
to chip in
some donations
and stuff like that.
It's doing a little
bit much better
than before.
But this weekend,
apparently,
the prices
are going to
potentially drop
down a little bit,
it might be,
a lot of people
seem to be
going to be voting
or going to be
this weekend.
that would be nice
The climate round
Climate round
absolutely destroyed.
I think there
should be a way
like if somebody
is not donating,
then there should
be a way to
Vote also,
basically.
if they can,
they have a donation
and a way to
vote as well,
I think that
would be nice.
I think that
would be nice.
as for the vote,
they can multiply
if you have
they could,
they could
they could
make it social.
Make a social
make it Facebook,
make it Google,
make it Instagram,
like mostly social
accounts because
a lot of people
who don't,
who are not
into Web3,
they can still,
you know what
you should do,
you should actually
give that recommendation
I think you should
because I think
that's actually
very smart,
to be able to
allow people to
addition to
the donation
because then
they're not
relying on you
to also donate,
but they can
also vote.
If they don't
die or whatever,
they can still
vote and I think
that's actually
would be nice.
let me see
if we have
more spaces
like this,
we're going
some music,
we're going
some music,
Pranav space
started yet,
think it's
going to be
quite interesting.
It's going
to be quite
interesting.
It's going
to be quite
interesting.
are waiting
basically to
revolution in
the hardware
there are a
innovation
but hardware
basically in
development,
seeing the
cryptocurrency
called Pepe.
like a meme
500 million,
Like total?
yesterday,
billion like
for total?
cap, yeah.
market cap,
thought for
bought one?
actually, I
thought that
mentioning
billion for
all together
interesting
done well,
don't know
what it is,
funny because
become big,
utility now.
Coin was a
meme coin.
like developers
like comedians
for those.
That's why
creating the
meme coins.
Dogecoin is
Dogecoin's
number eight
not wrong.
Elon Musk,
was actually
pumping it.
higher market
Avalanche,
Chainlink,
higher market
individually.
projects which
are basically
having more,
market cap
There's only
USDC coin,
and Bitcoin.
Cardano is
Japan-based.
is American-based.
It's the one
who has the
co-founder of
do you know
the co-founder
of Ethereum?
One of the
co-founders of
Ethereum is,
he left the
project though.
is Charlie,
Huckinson?
Huckinson.
And Cardano
apparently was
I don't know
whether it was
a hard fall
or something,
It's quite
interesting.
I'm going to
touch Pernav
room here.
Pernav's not
I thought he
he's live.
I'm going to
space here.
we're going to
See what's
space above
over here,
over fighters
solar pong.
over guys,
Click on the
link below,
and let's go
to Pernav's
click on the
click on the
number two,
and let's go
broadcast COMM