all right we're just waiting on marshall to accept this invite
all right we're just waiting on marshall to accept this invite
Hey, everyone. How's it going?
Hi, Marshall. How are you?
Hey, Eleanor. Thanks for having me. Really exciting, very awesome day today. 4.20, Happy Dogecoin Day.
Happy Dogecoin Day to 4.20 for those who celebrate.
So my name is Eleanor Tarratt. I'm for Fox Business, and I'm joined today by, obviously, Marshall Hainer.
He's the founder and CEO of Metallicus, but he's also on the board of the Dogecoin Foundation.
Now, Marshall, you've been there since early days, around 2013, right?
Not necessarily on the board, but you've been part of this whole thing since the early days.
We've come a long way since 2013. I was a sophomore in college in 2013, and I have to say I'm old now, but I don't want to offend anybody.
Tell me, let's start off this basis by telling me what drew you to Doge, specifically.
Frankly, it was a joke initially, right? It was set up to be kind of a joke coin in competition with Bitcoin.
Yeah, exactly. So it was originally started as a joke by Jackson Palmer and Billy Marcus and Christine Ricks.
And there was no idea, right? Jackson worked at Adobe at the time, and he saw Bitcoin and thought, you know,
this is interesting, but it was right around the time crypto started to take off and become mainstream.
And so everybody that was like having fun with it as a hobbyist was saying, oh, you know, what's the price of Bitcoin?
Where's Bitcoin going? You know, for the first time ever, everybody's really concerned about price.
And, you know, Jackson came up with this idea, like, I want to do Bitcoin, but just ridiculously stupid.
And I want to take the funniest, derpiest looking meme and I want to make it like a dog coin or something. Right.
And so he went on to Bitcoin talk.org and he found Billy Marcus where that's where they came together and said, hey, could somebody help me fork Bitcoin and make this Dogecoin thing?
And, you know, Billy and Jackson connected. And Christine is a friend of Jackson's from San Francisco graphic designer.
And she she designed the logo. Billy forked Bitcoin.
And he he didn't really like there wasn't really like a plan in terms of like economics or anything was supposed to be a joke coin.
So it actually had far too much inflation. There was like an extra zero.
And it was like, I just screw it. Whatever. It doesn't matter.
So, you know, it'll be, you know, five billion Doge inflating every year is supposed to be less or whatever.
But yeah, it actually ended up working out. And then the funny thing was that there were no owners.
There were no overlords. There was no Satoshi wallet or anything like that.
A lot of people like myself bought early Dogecoin just to give it away because, you know, in the past, people would give people Bitcoin and they'd give them this whole crypto anarchist speech.
And it's like, whoa, that's that's too much. That's too heavy.
But Dogecoin was, you know, wow, much fun. One Doge equals one Doge. And, you know, here you go.
And the community really started on Reddit. That was kind of where it took off.
And, you know, people would show up and say, what is this thing?
And we'd say, wow, such fun. Much Doge. Doge tip bot.
And we would send somebody some Doge. And that's kind of how it started.
That's quite interesting. Right. Because that was back in, you know, not quite 2013, but before twenty twenty one when the meme stock craze really took off.
That's kind of when we saw the whole Reddit Wall Street Bets forum kind of take off. Right.
And everybody was during the pandemic. So everybody got in stock trading.
Everybody wanted to buy crypto that you kind of the early side of that. Right.
You kind of the early adopters of that. I just find that interesting that you were so ahead of that curve.
But, you know, it was the first meme coin. Right. Technically.
Yeah, it was it was the first meme. Well, so they're actually the first meme coin was this thing called barbecue coin.
And somebody said, I'm going to make a coin for barbecues where we use it to bet on like sports and stuff.
And that was like the first meme coin. But it didn't. It wasn't really like a it wasn't funny. Right.
It wasn't funny. Like when I see the head of Kavosu, I'm like, that's hilarious.
And it was this was all kind of like it was just a it was a mistake and not a mistake, but it was an accident.
It wasn't meant to be, you know, the one of the top 10 most largest crypto currencies by market cap.
But I could see it. I could see it in the early days because in 2014 it was created in December of 2013 and people started asking about it that month.
And so I emailed Jackson and was like, is this a joke? What is this? Like I'm trying to understand what this is.
And he's like, oh, it's a total joke. And I'm like, I'm in. I love it. It's hilarious.
And especially for like younger people like they like kids like they don't want to hear this crypto anarchist speech about down with the banks or something.
And maybe that's not even true anyways. Right. And so like the first big Dogecoin event, first big Bitcoin event was the San Jose Bitcoin conference in 2013.
That was the first time like Bitcoiners actually got together. Now you have these huge conferences all over the world, the United States and everything.
But back then, that was a big deal. And there was like several hundred people there. And that was the first kind of big event.
A year later, we had Dogecoin, a Dogecoin convention. And it was the opposite of all of that.
So that was the first time we saw like it wasn't all the nerds in the room. It was guys showing up with the sweater vests, you know, like VCs and suits and stuff.
Like everything is about where do you think Bitcoin price will be in 2015, you know? And it's like, I don't know.
You know, for the hobbyists, we didn't really care so much. And the Dogecoin event was totally different.
Hot dogs, tacos, free beers. You know, it was a totally different vibe. There were suits. They're like the smart suits, right?
Really, really smart suits that like didn't wear the suit, came in and they're like, all right, I want to be part of the vibe.
But they're not they're not asking these stupid price questions because they know one Doge equals one Doge. Right.
And yeah, I just think, you know, there is some real value in crypto into, you know, one of the most valuable currency cryptocurrencies in the world.
With less ownership, more decentralization and, you know, a big spirit and emphasis behind them.
And I think that evolves over time because, you know, what the top 10 or top 20 look like today on CoinMarketCap, we flash forward a few years.
It's going to look wildly different. If I could take you back to 2014 and you could look at it then, you'd be like, I don't even know half these coins.
Right. Right. Well, actually, I was going to ask you that. So it's totally the number eight cryptocurrency on CoinMarketCap.
And please factor in all the craziness going on in the industry right now with the lack of clarity, the lack of comprehensive regulation.
What's your opinion on Dogecoin in five years from now?
So, yeah, this is not, you know, this is not like a financial advice or like, you know, this is what I think where you should buy or sell.
I don't I don't do that. My opinions of where the technology goes, where I think that Dogecoin is going.
First and foremost, it matters about community. And that's why Dogecoin has gotten so big, because it's it's easily approachable.
It's fun. It's friendly. But it doesn't have, like, say the developer community of like Ethereum or Bitcoin.
But it's growing. And I think that it will rapidly. But it started really with the community. Where do I think it's going?
I mean, in my opinion, I think it's going to be one of the top three someday, because the thing is, is that there there's this memetic power, this meme power.
Right. And it can't be stopped. And at the top of all the crypto memes is Kabosu and Dogecoin.
And I don't think that's ever going to change. It's like saying, like, well, will Bitcoin ever not be number one?
Maybe, maybe not. But it's always going to be very big and it's always going to be kind of at the center of the conversation.
And same thing with Dogecoin and Dogecoin. You know, there was a time when Litecoin was Bitcoin's brother or that was the gold or the silver to the gold was Litecoin.
And ultimately, it became, you know, it really I think it's as Elon Musk said, the most entertaining outcome is the most likely and Dogecoin is the most entertaining outcome.
I think as the developer community grows and more interesting applications are applied for Dogecoin and things open up more in terms of opportunities for different types of interactions with Dogecoin, blockchain, making payments with Dogecoin and cryptocurrency in general.
I think that it has something really special because we don't attach value to it so much.
That's actually what made it so much fun in the beginning when I was losing my passion about Bitcoin because everybody's like, oh, my God, it's down. Oh, my God, it's up.
And I'm hearing I'm getting phone calls from family members and things I've never, you know, they're not asking me any other questions about this all of a sudden.
Not family members, but just people I haven't heard from in a while. I want to be like, here's some Doge, have fun, you know, because that's always been my message, which is like, if you want to invest in something, invest in yourself, learn about this technology.
And by doing that, you're going to find far more value long term than trying to day trade or things like that.
And you'll learn how to program. You'll learn about cryptocurrency.
You'll learn about how money is created not only from the cryptocurrency perspective, but most people go down the whole central bank and fiat perspective and start to ask questions, you know, what is quantitative easing?
What are these things? But unfortunately, we don't usually learn them in school unless you go into like a finance degree or economics or something.
And so Dogecoin made it fun. I think it's great. The future of America, the future of the world, if there was something that was fun to teach kids about money, that's going to be awesome.
Right. Yeah. And I think that that's what's happening. Yeah. And yeah, I agree. I think, you know, memes have become such a integrated part of our culture, I'd say probably within the last 10 or so years.
You know, you go on Instagram, you go on TikTok, you go on Google and you see these memes.
I always say to my friends, like memes are what get me through the day. Right.
Like I have group chats with people that we just send each other memes.
Like we won't even have a conversation, a full conversation during the day. We'll just send each other relatable memes.
So I mean, I think you really harnessed kind of the appetite out there for for this kind of content in that vein.
I mean, it always helps. You know, you talked about community and that's a that's a big part of obviously the crypto space in general.
Elon, though, you know, took a took a kind of an early liking to Dogecoin. Why?
I mean, we know Elon's, you know, Elon is Elon and he does his thing and and he kind of attaches himself to, you know, to things that he promotes them and he kind of falls in love with them.
Right. So, you know, he seems like he's kind of fallen in love with Dogecoin.
What do you think that is kind of what drew Elon to you guys specifically?
Yeah. And, you know, I think that people get confused about this. They think that he promotes them.
And I don't want to speak for Elon or Tesla or the company, but I think that the thing is, is that he likes it just like us.
Like at the end of the day, Elon is a CEO, an awesome CEO, an innovator, an amazing entrepreneur, one of the richest people in the world and is an inspiration to many people.
And, you know, seeing his rocket launch today and how he delayed that to 420 is a testament to the memetic power of, you know, and the fact that he gets that is so cool.
He's this, you know, the modern day tech CEO that under that isn't boring. You know, he's fun.
And so his personality, from what I can see, is like, you know, there's the video of him where it's like, you know, laughing at inappropriate memes and things like that.
It's like, well, then that would be perfect for his personality, probably. And we forget that he's just sometimes we forget that he's just a person at the end of the day.
You know, he he laughs, too. And he probably thinks that, you know, that money, money is really, you know, and I'll say it's a shared illusion in the sense that it's the value that we ascribe to each other.
You know, theoretically, we could all live in this barter economy, but that wouldn't be very efficient. And there are certain people that we may decide, I just don't trust this person.
So money makes it easier. But when we start to ask the question, when we start to play with money, because we don't normally play with money.
It's not like you're like, oh, who wants to play with money today? Right? It's like, no, we don't have we don't have enough money to play with.
And we don't have time for that. Right. We don't want to make any mistakes. But Dogecoin is fun because, you know, it has that community, that vibe.
So I think that that he picked up on that. And also, it's very revolutionary. The idea that a currency can be owned by itself in this recursive nature.
And it doesn't need a central bank or an issue or doesn't need any overlord. I think he likes that. I think that that's really cool.
And Bitcoin is fun. But what's cool? Doge is cool. And Bitcoin is cool, too. But is Doge cooler? I don't know.
I mean, I'm going to have said a lot of Bitcoin maximalists, but I'm an early Bitcoin guy myself.
You know, I was into Bitcoin for years before Dogecoin came along. And Dogecoin really changed my life in a lot of ways because I I always loved cryptocurrency.
But I really started to come out of my shell more in the Bitcoin world. I didn't really put my name on anything.
I just was a lurker, you know, in chat rooms with alias. And I just kind of hang out. Oh, that's cool. Whatever.
And then I had decided that I really by 2012 that I wanted to build something for the crypto space. And Dogecoin made me feel like this is fun.
This is my personality. I don't want to be serious and fighting over, you know, predictions of prices or, you know, if I wanted to be in Wall Street, then I would go do that.
But I want to work in tech and I want to work in cryptocurrency and blockchain and Dogecoin fit my vibe.
And and over the years, that's how I met my co-founder and our CTO. He built the first Dogecoin Block Explorer and Web Wallet Dogechain.info, which is still live today.
And we we also spoke in memes. When I first met Glenn, we hit it off and then we would just talk to you.
You know, we'd send each other memes for like questions and answers like we could read each other's mind to these memes.
And when we left that company block that I where we met, it was like, let's go start a company and let's make you know.
And Dogecoin was always near and dear to our hearts. And so we were one of the first crypto platforms alongside Kraken to support Dogecoin from the early days.
It didn't get listed on Coinbase and Robinhood and all this stuff till years later when it really started to get a reemergence.
And, you know, Elon and other people are looking at like, this is really fun. And that's that's why I love it.
You know, people will say, oh, it's you know, I hear this all the time.
Bitcoin's not innovative or Dogecoin is not innovative or it doesn't have utility.
Utility is currency. Value is community. And people that have not been around crypto that long underestimate the value of community, people coming together.
And also, I think that Doge adds in this extra part, which is like the memetic power. Of course, Bitcoin has that.
We have laser eyes and everything. But Doge is the coolest meme.
Yeah, I mean, in that vein, talking, you know, people who are new to the cryptocurrency world. Right.
What would you say to people who are skeptical of Dogecoin, people who kind of hear it and think, oh, it's a joke, right?
Or they, you know, they see something about it on social media and they're like, you know, can I can I really utilize this in my life down the road?
What would you say to newcomers who are interested in it but might not be quite as big of a believer as say they might be in Bitcoin or Ethereum?
Yeah, I mean, there's people that look at these things like investments and then there's people that that really want to play.
And believe me, I look back to my early days, you know, 10, 12 plus years ago and think, wow, I wish I wasn't playing so much because that was stupid.
I wanted to prove that I could send Bitcoin to someone on one side of the country to the other and they could get it and receive it as a payment.
And that could work. I didn't think like, oh, I have to hoard this. I wish I did. I wasn't thinking like that. I was more like nerding out.
And when everybody started talking money, I was like Dogecoin because one Doge equals one Doge and it's fun.
And so, you know, for people that say for people that say that crypto is a scam, you're wrong. You're just wrong.
I mean, there are scams. That's like saying money is a scam or that's like saying the people that are using banks, that's a scam because someone used the bank to scam me.
But like, no, they just hacked your password. They did something bad. They stole your private key.
Cryptocurrency is money. And Doge is the the joke of money. And it is exactly what you think it is. It's a joke.
It's not a scam. All the rules are laid out. Everything is very clear.
Now, there are a lot of dog meme clone coins, and I'd be very weird if those. But the established original meme of cryptocurrency Doge has is very secure, secures billions of dollars, transacts hundreds of millions of dollars a day and is right up there in one of the top 10 cryptocurrencies.
It's based on the Bitcoin consensus mechanism, but it was moved over to merge mine with Litecoin on script.
So it's using proof of work, but it's different than the traditional Bitcoin mining. It's merge mined with Litecoin. And it's very secure and it's awesome.
And and you don't stop worrying about the price. One Doge equals one Doge. Do not mortgage your house to buy cryptocurrency. Do not go all in.
If you're buying crypto, you should start very simply and you should buy a few Doge and play and send some Doge around and learn about it.
Don't think of it. The real value is the utility and the community. And of course, you know, you can have a bunch of Doge and whatever, but first learn how to play with it, secure it, get comfortable with what cryptocurrency is.
And don't look at it like this thing, like, oh, you know, I'm going to buy this and it's going to go to the moon or something like that.
That's not that was not the intention of the intention was for you to question what is the point of money and where does it come from and how does it work?
And I guarantee everyone watching, you know, listening to this spaces and watching the stream.
If you genuinely ask yourself that question and you go down that road and you start to investigate and learn about it, the return will be infinite for you because the knowledge is the ability to go apply that knowledge.
And then you then you will actually get something really valuable out of it. And of course, you know, have some Doge.
But like I don't I don't like to tell people like you should do something risky or whatever.
The whole point of it and why I was attracted to it in the first place is it's fun.
You can play with it. And also the fees were low, too. You know, there was a time to when Bitcoin and Ethereum fees were were really high.
And one does has recently was lowered fee from one does because the price has come up.
But it's always been a really good, fast micropayments platform as a Bitcoin kind of clone.
So we're maybe like lightning was less popular. I can see Dogecoin being more popular micropayments.
Yeah. I heard you talk about other mean coins. There's been a few, obviously, more than a few pop up since since Doge came around.
How do you feel about those? Do you feel they're kind of like hijacking the hype that Doge and Shiba have kind of, you know, what's your what's your take on that?
I know you said, you know, don't you've got to do your research, do your due diligence, do I'm sorry, do it diligence.
But yeah, do you do you feel like that's kind of what's the word like cramping your style?
You know, I'm a I'm a multi chain maximalist. I'm a multi coin, multi token guy where I don't believe that, you know, only Dogecoin or only Bitcoin.
Obviously, I've founded two other blockchains, the proton blockchain, metal blockchain.
I've built the metal DAO with metal dollar. I'm a multi coin, multi token believer.
So I don't believe that there's only one cryptocurrency.
Obviously, there's thousands and there's probably only like 100 or so that are 50 or so that maybe really matter.
And so, you know, I think that as far as like the other clone coins, what do they do?
Is it the meme is really it's already out there. So I tend to think a lot of them are just latching on and aren't providing any real value and then are trying to say, you know, this goes to the moon.
The AMM is locked in liquidity pools and everything. It's like, you know, you know what, who doesn't say that Dogecoin?
We don't say that about Dogecoin. We say one Doge equals one Doge and everything else that's kind of come after that is kind of a clone and a copy.
You know, Pepe coin has gotten very popular recently, but you'll see you go to the website.
It's all talking about liquidity locked. And, you know, I see all these they all follow the same formula.
I saw a tick tocker that was he's like, I don't know anything about crypto.
And today I created a coin called scam safe community automated money.
And he's like, and now it's worth all this money. It's crazy.
It's like, yeah, those are those are it's not really good.
I think that if you're going to create a meme coin, you really it really should be.
I think in general, meme coins are fun. They're cool.
But I there's one original meme coin and I don't mess with other meme points.
I don't see any really much point in them.
I think people speculate on them.
But everything else is kind of like a clone at this point.
I think what's cooler is maybe some coins or blockchains that have their own memes.
But if your sole purpose is a meme, it's it's it's already we already have that.
It's done. Yeah, that's right.
Everything else is a copy.
So I want to get into kind of the decentralized stuff.
But but first, my kind of I guess area of expertise.
I do cover this a lot for Fox Business is the regulation side of everything.
And we saw a lot going on in that vein this week.
We saw Gary Gensler go up on the hill to testify in front of the House Financial Services Committee on Tuesday
and not really give very many concrete answers.
And I know the community, the industry as a whole, is is pretty used to this by now.
You know, it's I think a lot of people would say it's frustrating.
But how badly do you think that the U.S. attitude is going to specifically from the SEC kind of CFTC, OCC,
but that that that turf war that's going on, nobody can seem to decide, you know,
who should regulate and what constitutes a digital asset?
What is it? How is it classified?
How is that going to have an impact on the industry in the next couple of years?
And I want to say doge specifically, because I feel Gary Gensler was obviously not given his position on anything but Bitcoin.
He said Bitcoin is most likely a commodity, hasn't really given his recent opinion anyway on on Ethereum.
I would have to say, you know, given the kind of the meme angle of it,
you know, Gensler might say dogecoin is security. So what do you say to that and kind of just speak to, you know,
dogecoin operating in this kind of crazy environment we're in right now?
Yeah. And, you know, you know, per the Securities Exchange Act, you know, a security is classified as an asset that is a financial asset
that has future expectation of gain. It has a centralized entity.
So take like Howie, for example, and I'm not a securities lawyer, but this is just my knowledge of it.
You know, the case of Howie, where he sold oranges for an orange grove that didn't exist to raise money or something.
None of these factors exist in dogecoin nor have they ever existed.
When you talk to Jackson and Billy, you know, Billy Bada used Honda Civic. Jackson, you know,
literally threw parties with it in San Francisco, but there was like very little, you know, and it was mined by him.
Like we're talking like small amounts of money. There's no Satoshi wallet. There's no Genesis wallet.
There's no like centralized entity behind it at this point.
I think that dogecoin, if anything, proves to be more decentralized than other crypto currencies because of its joke status.
People didn't take it seriously in the beginning to try and take control of it.
And then when it got so big, it was already too late. There was no owner.
There was no ruler. And I just can't say that about the other top cryptos.
They do have these rulers. They do have these kind of owners.
But at the same time, they are also decentralized in many ways, too.
And there's different shades and levels of decentralization.
So I think that I and dogecoin, for those that don't know, is a fork of Bitcoin.
So if Bitcoin is not a security, then dogecoin is definitely not a security because it is the furthest from having centralized ownership.
There are there is no Satoshi wallet. There is no, you know, so it's far more decentralized.
And you and you want to talk about expectation of gain.
Well, there is a long documented history of the price of doge when when asked, what is the price of doge?
We all know one does equals one doge. It's not about price.
It never was. And that's what attracted to me me to it in the first place when I was tired of hearing people talk about price.
So dogecoin is like the furthest thing from if Bitcoin is approved by the SEC.
The only reason they didn't say dogecoin yet is because I don't think it was top 10 status when when it was Hillman, right?
The chairman, Hillman, that said or the former SEC chairman that said that, you know, they had exempted Bitcoin or they did not.
Yes, director. That's right. The former commissioner human. Sorry, I said human.
He he he said Bitcoin does not appear to be a security. It wasn't a formal memo. It was just a comment.
But they've kind of latched the community has latched on to that. Well, dogecoin was not top 10 at that time.
It was like number 30 or something like that. And now it really is getting for dogecoin to become number three on coin market cap.
That's not that's not that's not improbable at this point. That's not like it's like, oh, that'll never happen.
That that could absolutely happen. And now we can see that. And so I think, you know, they probably will look at that.
And dogecoin and Litecoin in particular both being but specifically dogecoin really not having those owners.
The foundation, the Dogecoin Foundation formed in the very beginning to protect the marks and to help foster the community was really focused around the community.
Also to stay organized with the core development. And then it dissolved after some years of inactivity and then was reinstituted years later and a few years ago, 2020, when activity started to pick up again.
Donations to the tip jar were there. And so things got a little more organized in terms of let's get better educational materials about out there so people can understand how to secure their keys.
Let's let's get more organized on these releases so we can lower the fees of dogecoin from one doge to point one doge and things like that.
Some of the great work that the core developers and the Dogecoin Foundation have done. But there is no centralized entity.
There's companies building around it like Metallicus and Robin Hood and Coinbase, but nobody owns it. There's no there's no central group.
And I think over time you're going to see more and more companies embracing doge like you've seen them embrace Bitcoin, like how you see strike, embrace Bitcoin or swan Bitcoin or some of these other companies say I'm a doge maximalist.
Well, you have my doge. Metallicus is not a maximalist anything. We're technology, we're crypto technology maximalist.
If it's blockchains decentralized, it's really cool. We're interested.
But we also are very much committed to certain blockchains that we really think are the future in terms of technology community.
And dogecoin is one of them and proton is another one and metal is another one.
And Bitcoin is another one. We have an Ethereum. We have kind of some of our favorites.
But yeah, dogecoin is just it's the place to be if you want to if you want to bring new people into the space without all of the discussion of money and just make it fun.
And especially for young people, if you're going to give someone under the age of 15 some cryptocurrency or under 18 or whatever, like if you're going to give a kid some crypto, you should give them some dogecoin because it's fun.
It's funny. And they won't get so caught up to in like the prices and everything in the beginning.
It'll be more about, hey, go on to Reddit, go on to Twitter, connect with the community.
That's one thing over the years that I've seen that that has been kind of sad to see is the original ethos of dogecoin of one does one equals one doge.
Some people, not everybody always remembers that as they're coming in.
So one of the things I'm trying to do and, you know, in the foundation, it's one of their goals is to really educate people about how this stuff works and to have fun with it before you start, you know, buying a lot of crypto or trading crypto and generally should always be careful.
There's risks when trading crypto. But have fun. Don't invest. Don't don't play with money.
You can't afford to lose. That's the cool part about doge. You could have fractions of a penny, you know, and it's it's not really a big deal.
It's going to cost you, you know, sense to move something around. It's very cheap. It's very efficient.
But yeah, I just I think, you know, if you see somebody with a dogecoin shirt, you know that they're going to have a fun conversation.
But they could also lecture you very.
Is that the criteria, Marshall? Do I have to get a dogecoin shirt to be considered cool?
You're already cool. You're already cool. You would be cooler with a dogecoin shirt. So we'll get you one.
Cool. Just two more things before we get into the decentralized stuff. Just rewinding really quickly.
And I just want to you know, I'm speaking as you know, after watching Gensler's testimony on Tuesday and him not really giving an answer, not giving an answer at all, whether he thinks Ethereum is a security or a commodity.
He kept saying if there is a group of people, if they have a social media account, if they, you know, XYZ, dogecoin has a Twitter account.
Bitcoin doesn't have a Twitter account. How do you respond to that?
Well, Bitcoin actually does have a Twitter account. And I think right. Well, I mean, so people have Bitcoin. People have fought over this.
Which one is the real Bitcoin? You got Bitcoin Cash, Bitcoin Satoshi Vision. Dogecoin doesn't really have this problem, but a little bit of history about that.
I believe, and I'll just hopefully don't mess anything up on the stream, but is Bitcoin the Twitter? Yes. Twitter.com slash Bitcoin goes to an account with 5.7 million followers and it points you to Bitcoin.org, which actually is run by the Bitcoin Foundation.
There is a Bitcoin Foundation just like there's a Dogecoin Foundation. I believe this is still run by a friend of mine who let's see if this is if he's still running it.
This at one point, this was run by Brock Pierce. Now, I believe it's run by Bruce Fenton, who is an OG Bitcoin guy, part of the libertarian scene, very cool guy, friend of mine.
And or I guess we're like acquaintance, friendly acquaintance, like hanging out backyard barbecue, but we all know each other.
And yeah, if you go on this website, Bitcoin.org, this is where the original white paper is hosted.
There's a lot of community efforts like Dogecoin.com and Dogecoin.org is coming soon. That's the Dogecoin Foundation. Bitcoin Foundation, similarly, is a nonprofit that's doing that work.
Over the years, it became lesser known, but 10 years ago, everybody was a member of the Bitcoin Foundation. Now you have Bitcoin associated.
No, I was going to say, because I mean, you hear about the Ethereum Foundation, right? You don't typically hear so much about the Bitcoin Foundation.
So just in that. Yeah, yeah, no. And you know, I think it's confusing now. I mean, I think everybody knows this.
Everybody who had a verified checkmark, you know, before they started paying for it disappeared today. Right.
So, you know, Bitcoin here, 5.7 million dollars, doesn't have any kind of checkmark.
But I wonder if that's, you know, like how that's going to play out. My checkmark went away. I don't know. I'm a little annoyed about that.
I don't think it ever. I don't think it ever had one. Yeah, I don't think it ever had one, but it's got five, you know, has almost six million followers on it.
But, you know, there's Bitcoin.org, there's Bitcoin.com. Bitcoin.com, I believe, is the Bitcoin Cash. Yes, Bitcoin.com.
That's part of Roger Barris thing, Bitcoin Cash. And then you have, I don't know what the BSB URL is, but there's Bitcoin Association.
Pull it up. Yeah, there's Bitcoin Association.net. I don't know. They got net.net. But yeah, there's that.
I think that Craig is full of it. And I don't think he's actually Satoshi. I think I've given there's plenty of stuff on record where I've said what I think I think is involved with Satoshi.
But, you know, he's an early guy, whatever. But there's one Bitcoin. There's one true Bitcoin.
And that is the longest chain. And crypto, we say, is the longest chain wins. Bitcoin, the original PAL Bitcoin, what you see, number one on CoinGecko.
You know where I'm going with the question, though, right? I mean, like, just that, you know, is an argument of the SECs.
Like, they have a social media account. They have people that you can reach that, you know, kind of work for this entity.
I think that, you know, it's Gary Gensler would say, well, then it's not decentralized, but there's an argument there that, you know, it's a community driven thing, right?
Sorry, someone rang my doorbell while you were talking. And it cut off. So I only heard the half last half of what you said.
Community driven thing. Yeah, just I'm just saying, like the point I was making with the social media thing, like it's, you know, I would I would I would imagine the SEC would say, you know, it's if it's got, you know, if it's got a social media account, if it's got, you know, people who, quote unquote, like work for the, you know, work for the foundation associated with it.
You know, is that decentralized? I just it sounds like, you know, something Gary Gensler said before. But but the point I was making, I mean, to your point, it's it's community driven, right? I mean, it's not just, you know, one person running this account.
It's it's community. And that's what Doge is about as well.
Yeah. And, you know, my thoughts on that are it's it's it's vague and it's nebulous. And that's why we had this congressional testimony to ask for clarity.
Because even though you can apply the 1933 Securities Exchange Act and various cases, again, you know, to create more framework or what they call enforcement by regulation by enforcement.
First of all, that is not a friendly thing to do if you want to allow an industry to survive is to do regulation by enforcement. And that's its own issue.
But at the same time, the question of decentralization is if you were to take away an entity, would it survive? And in the case of Dogecoin, you can take away any of them.
And anybody who's building on it, you can remove them from this scenario. And it does survive. And it and it has there are core developers inside and outside of the foundation.
The foundation just happens to be a more organized structure that's trying to trying to support Dogecoin from the nonprofit perspective.
And there are companies like Metallicus that are integrating Dogecoin into their into our apps.
And we are trying to serve the community. But that's an open permissionless system that no one needs permission to connect to to access.
And so you have all these different groups around it that are building on it, but that's what builds decentralization.
So, you know, the statement of if there was anything to grab on to, well, certainly you could grab on to someone building on top of Dogecoin, but that doesn't mean that they own it.
And over time, the many blockchains have proved that there isn't really someone that owns it in the beginning.
And then at the same time, there are also many blockchains that are firmly captured that don't that that, you know.
No, I got you. Hello. Yeah, I got you, Marshall. You got me.
OK, cool. Yeah. So there are some they're they're very persistent in ringing my doorbell. No one else wants me to get it.
What did you do? Sorry, did you say something? What did you do?
No, it's the security people here to like do something. Yeah, that's the ADT. Yeah.
So like so basically, so basically, yeah, it you know, there are entities building on these things, but that doesn't mean that they own it.
There are currencies out there that have, like, for example, admin keys or things that really do give them full control of the chain to do.
Well, I almost have to go in here.
I put mine on Do Not Disturb.
You can still hear me, right?
Yeah, we can. OK. A few tactical difficulties, we'll get through it.
Just tell me when you're good to go.
No worry. OK, we're taking a short little break, a couple of minutes. Bear with us.
I'm going to step in for Marshall for a second. Hi, everyone.
Hey, Irena. Hey, Elinor. How's it going? Good, good. How's everyone here?
Yeah, good. Sorry about that. Post-COVID living at home scenarios. Sorry, guys.
Yeah. So I just I think that I think that, you know, there are these groups that that build on top of these things and have centralized companies.
But that doesn't mean that a cryptocurrency is not decentralized because you have centralized entities that build on it.
That's what builds to decentralization. So if exchanges, if wallets, if different things like that come and go over time, which they do,
whether it's Bitcoin or it's Dogecoin or Ethereum, then that's how decentralization is built.
If there is something that requires a centralized entity to control this chain, to to make decisions on behalf of it, then there is kind of a problem.
And that's kind of the emergence of DAOs and things like that are starting to form more in the world of Bitcoin.
There is no really DAO in the world of Dogecoin. There are some people working on DAOs and things like that.
And I think there are in Bitcoin, too. I know there's some stuff in Blockstack and stuff like that.
But in general, I think that what we're witnessing is the beginning of a fight between the SEC and the CFTC who owns cryptocurrency digital asset spot markets.
It's clear that the CFTC owns the futures markets, but who owns the spot markets.
In my opinion, it would make sense that the CFTC would also own the spot markets.
It would be unprecedented, I guess, in that sense.
But it wouldn't make sense for the Department of Agriculture, who traditionally regulates commodities, to regulate digital assets because they're so different than traditional commodities.
So it's hard because it's almost like you need a new agency or something, but not quite.
I do think that they are commodities. I think that you have this regulatory duking it out.
And also, I think that, unfortunately, in this political climate, it has not really been the most popular thing.
When there's the introduction of CBDC during a high time of inflation, having an option to exit the system also traditionally securities markets go offline after 6 p.m. and close on weekends.
But crypto markets are international. They're 24-7.
So I think that it's much more similar to commodities because they share those characteristics.
Gold markets may go offline in the U.S., but that doesn't mean that the gold still isn't trading.
And same thing with Bitcoin and Dogecoin.
So I think that public policy has to adapt to that, and that's why we saw that congressional hearing.
I agree with many of my industry peers that unfortunately the law does not give a clear pathway to register.
So when you say come in and register for an ATS, but there's never been an ATS approved, there's never been a broker dealer approved.
So is the idea to stamp cryptocurrency out of the United States from a regulatory perspective?
Or are we going to regulate by enforcement and try to kind of, we're going to stamp it out by not giving clarity and we're going to push it overseas?
And I heard someone say, oh, well, you know, that's ridiculous because we have Bitcoin and we don't need anything else.
And they don't want your other altcoins or whatever being China. And I'm sorry, they actually do.
They want $4 billion of EOS. They want anything that's liquid that could get them outside of the R&B off of the mainland of China and on shores.
Anything that could do that. And so, yes, absolutely.
We need to build. We need to really double down in the U.S. and and get that clear.
And I'm really I really loved seeing our representative Congressman McHenry up there asking these tough questions because someone needed to ask them.
I hope that we get that clarity. We could say, well, we could apply all of these old laws from 90 years ago to this.
And yes, you can certainly do that.
But if you don't give a clear pathway to to really embrace the digital assets market and there are lots of players out there that are that are following all the guidance, everything that they have when it comes to being regulated money transmitter or when it comes to their AML program or know your customer,
know your business and transaction monitoring, all the things that traditional financial services use, crypto is money and and money is essentially a commodity.
You have state sponsored commodity money currency, which is like U.S. dollar. And then you have non state sponsored non state sponsored commodity currency, which is like Dogecoin Bitcoin Gold.
So I just think that we need to kind of we need to have that framework, that certainty.
It's very scary to say, you know, there is no pathway for innovation because there really should be a pathway for innovation.
So I think that what we're seeing is the beginning of a really interesting time for the U.S.
And I hope that I hope that we can get more of that clarity.
I'd love to see the CFTC open up a pathway for crypto exchanges to say, look, we want to embrace regulating the spot markets.
But I think that there's still kind of this back and forth, you know, in Washington.
And that might go on for a little while until until we do get that clarity, unfortunately.
And we are seeing many entrepreneurs, Coinbase recently announced they were going to be looking, going into, you know, headquartering overseas and things like that.
I've given my opinion that I think, you know, the U.S. is one of the greatest countries in the world.
You know, I'll say I do the American thing. It's the greatest country in the world.
And, you know, because I'm a patriot and and I like Europe, too.
You know, I like other countries, too, not Haiti, but I think you better not.
I'm from England. No, I love UK. I love you.
You know, my co-founders based out of Belgium. I'm a multicultural guy.
But but I have my patriots as them. And I feel that, you know, Silicon Valley is known for a reason.
Look at it. We've got, you know, Google, we've got Apple, we've got Amazon, we've got all these companies.
They're huge. And why shouldn't crypto have a home in Silicon Valley and in the U.S.?
That is exactly what I wanted to ask you next.
Just right. So you've got the Amazons, you've got the Apples, you've got the Googles, you've got the Internet.
Right. I mean, that must have been I mean, I was you know, in 1999, I was still I was still kind of young.
So I don't remember what the reception of it was, you know, on Wall Street and, you know, in Washington.
But it must have been a scary thing, right? Because it's like, you know, this this big worldwide web that we can do all these things on.
And it was I can imagine it was probably as scary as maybe, you know, the lawmakers and Washington think crypto is right now.
Yet, you know, 10, 15, 20 years later, we're seeing the Internet is part of our everyday lives.
We use it, you know, we can survive without it now. Right. So, you know, do you see that happening with crypto?
And what's the difference between, you know, what happened then with those big companies that are now staples in this American culture, you know, the global culture and and with crypto now?
Did you get another call?
Yeah, the troubles of working at home. Yeah. Somebody just came in. So so basically, yeah.
I mean, the Internet, you know, I was I was a child of the Internet.
I watched the Internet evolve in the in the very beginning.
There was kind of this pushback, you know, and I was just a kid.
You know, I was I got on the Internet, I think, when I was like seven or eight years old, my parents, I had MS-DOS was pre-Windows.
So you actually have to type everything. It's like this crazy for those that don't know, it's this crazy looking experience.
And so as a kid, I was dialing up to like MSN prodigy in chat rooms and DAWs dial up.
Oh, terrible. And we're talking the early, early, like first V1 dial up, you know.
And so I witnessed the whole birth of the Internet from that to AOL to AOL.
Well, everybody's broken out of AOL from dial up to cable Internet and to all that.
And in the beginning, if you remember, like a movie, Sandra Bullock in the Net, it was like 1995.
I was like 11 years old, you know, and it's like she's like, hold on, let me order a pizza.
And it's like dialing up and the modem sounds like five minutes later.
It's like I'm ordering the pizza. The Web site's loading so slow. And everybody's like, oh, my God, that's amazing.
We could order a pizza. I actually made a video about this when I started the company.
When I started Metallicus, I said, you know, nobody thought we could order a pizza over the Internet.
And then, you know, 20 years later, look how far we've come. And now I order a pizza like multiple times, like at least once per week over DoorDash or something.
I don't even call anyone anymore. I just like tap a few buttons. Apple Pay Face ID.
I don't type out any credit cards or anything. And you think about like where crypto is going.
It really is going. It's going in that direction where it's like when people saw crypto 10 years ago, it maybe didn't look like much flash forward a few years.
And that was maybe the first few years the Internet didn't look like much flash forward a few years.
You know, crypto is starting to look really interesting. You've got smart contracts.
You have ideas of digital identity. You have stable coins. You have decentralized finance. You have NFTs.
You know, and you could say, oh, all these things are a problem. You're trying to solve a problem that doesn't exist.
But, you know, the problems, the big problem solved with blockchain haven't been hasn't been done yet.
You know, and that's like that's like Internet in 1995. Right. We were on the cusp of it.
We knew email was going to be big. We knew certain things were going to be big.
You know, like that's that's where we're going. And then with cryptocurrency, you know, the future I heard, you know, previous congressional testimony, they said, well, I tried to send a stable coin.
It was expensive. Well, meanwhile, there are certain blockchains like Proton.
I could send a one one thousandth of a penny for no gas fee. So the early blockchains that have, you know, and Dogecoin has gas fees.
It's it's low compared to Bitcoin. But each blockchain, different blockchains will have different use cases will solve different problems.
So in the future, I think a lot of these systems are going to be integrated.
All the lot of interesting things that are a lot of the interesting things that are happening now in IOT and artificial intelligence and stuff like that.
It's all going to tie together. And I think that that blockchain is that decentralized ledger that ties humans and machines together and keeps them honest.
And, you know, if you think about like the evolution of currency from us trading like the King's coin for seashells to the King's coin to, you know, only merchants can have coins to people can have coins to coins are now digital.
Right. And that was kind of the rise of digital banking to you're telling me there's something other than dollars.
And now we will have our own official United States central bank digital currency digital dollar.
First, we're going to get the Fed now the summer and a few months and then we're going to have the U.S.
CBDC. China already has it has it CBDC.
Many other countries are like the European Central Bank ECB are piloting their CBDC.
What money looks like now in 2023 is going to look radically, radically different in 2033.
And the commodity currencies are going to be the fully decentralized non-state sponsored systems.
And they in some ways keep the world in check in terms of, you know, if your country is banning Dogecoin is banning Bitcoin.
Well, then there's a problem, isn't there? Isn't there a problem of corruption?
And, you know, let's let's look at the countries that have banned Bitcoin, China, Russia, and then watch.
They always go back on it and say, you know what?
Russia decides now we're going to we are going to do Bitcoin, but only for the government, only for the government, not for the people.
Free countries allow people to buy Dogecoin.
And if we lose that in the United States, then we are then we are truly losing freedoms.
We are losing the American ideal that we have that ability.
You know, there was it wasn't it was only, you know, and I think when did the when did they stop?
When did we go off the gold standard? There was a point in which there was a 70.
Right. There was a point in which you actually had you couldn't own gold bullion.
The government is going to come to your house and confiscate it, which is like the craziest thing.
But imagine today if they said, OK, we're going to send someone to your house.
They're going to get all your Bitcoin in your Dogecoin.
That will never happen again because people want people just they're not going to do.
It's not going to happen that way.
You know, people were worried about it, you know, like close to 100 years ago, you know, in the 40s, 50s.
You know, there was a time, you know, where you couldn't own gold and now you can.
And I think into the future, this idea of digital gold, it's passing beyond this idea of like,
I have to have like a large safe or something to hold it.
It can be in this string of numbers.
Now, maybe you don't want to hold that in your dress or drawer or in your home safe,
but that's where multistig comes in and smart contracts come in all this cool technology.
And in the future, you will be owning your own keys, but maybe you just own a portion of them and you need to use other certain decentralized systems to authorize them.
So in the very beginning, we have like, you know, what they call the Dippy Hellman public private key pair.
You've got your Dogecoin public key and your Dogecoin private key and they're paired together.
And if I give you my public key, you can send me some Doge, right?
But in the future, you have blockchains like, you know, like Proton, for example, you can have as many keys as you want.
You can have keys with different levels of permissions and things like that.
So each blockchain has its kind of its own flavors and they'll evolve over time.
And I think that owner digital ownership is really the future.
And the next step is going to be digital identity where we can we can start to without exposing all of our personal information, a test on chain certain things.
So I can sign something with a Dogecoin or a proton or a Bitcoin address.
And I use that to log in.
I use that to log into service as it connects to my bank.
It connects to my identity.
And also it's going to solve all the problems for like when you're withdrawing from metal pay or Coinbase or Kraken, you know, the exchange needs to know that it's actually you on the other side receiving the funds.
Right. So with digital identity, we're going to solve that problem.
You're never going to get customer support emails again, like, you know, whose address is this or whatever.
If you've ever gotten that address or, you know, can you explain to us what you're doing here?
You might get that email again.
But in the future, it's going to be so much easier because with digital identity, we're going to make it safer.
And also those digital identity systems are not only for anti fraud and compliance, but also can protect you in the event that we'll be able to use those to potentially recover keys and things like that.
And so with digital identity and all that kind of stuff, that's that's obviously a big kind of topic of conversation right now.
I mean, I would imagine there'd be some way in the future to do KYC through like biometrics or like, you know, like a thumbprint or something like that.
We incorporate that way of identification on the blockchain.
So, you know, like you said, there's not like proof of address and it's kind of more it's more digital.
That's a cool development that might happen down the line.
But I want to talk to you about the keys.
Right. So let's talk about self custody.
It's a big topic right now since the bank collapses.
We saw last month, right.
We had the trifecta, Silvergate, Signature, Silicon Valley Bank.
And frankly, it was sort of, I guess, a mini 2008.
But despite the bailouts and everything, I think people are still a little bit concerned about their money being custody on centralized exchanges.
We saw what happened with FTX and then banks as well.
So, you know, in this environment now, tell me about the importance of self custody and just the potential pitfalls of centralized exchanges and centralization.
Yeah. You know, the whole point of crypto is for self custody.
So everybody should be working towards learning how to do that.
The hard part is that even, you know, you know, 14 years after the invention of cryptocurrency, it's still hard for people to do because we're still trying, you know, I guess the saying is good security isn't easy.
Right. Like trying to create a secure system that you have.
You can just be an idiot, you know, with and, you know, give out your password to and you don't get hacked.
How do you how does as a developer and as a technology platform, how do you pad the edges of the table with something so complex when you give someone their private key?
That's unlike your bank password.
It's the unfettered access to move funds in an irreversible manner.
So people have to understand that, you know, when they're taking custody.
But the goal is for everyone to have custody because then we decentralized the ownership.
There's no longer this idea that there's just one entity that holds on to our funds or, you know, we get these paper slips that say I own so much.
But as we learned and, you know, and this happens when there's a bank collapse that you don't actually own that money.
And so in the case of FTX, that's exactly what they did.
Unfortunately, you know, they didn't follow the rules and they played the regulatory arbitrage game.
So they said, you can't no one's going to look over here or whatever, I guess they thought.
And and that didn't work out for them.
And it was unethical and it was wrong what they did.
They recreated a system of the past in a more unregulated environment.
And they really created something very bad for crypto, because in my opinion, you know, Sam was this young guy, very smart and every said, look, he's the wonder kind genius.
And yes, he's very smart.
But is he ethical? Does he have values?
That's where we've gotten away in banking and technology.
We've put the values behind us, unfortunately.
And I've seen that in cryptocurrency in a big part of my message, too.
And something that was near and dear to my heart with Dogecoin is there are values here.
If you go to Dogecoin.com and you read about the foundation's values, you'll see that we have strong values.
Crypto needs to reestablish its values.
I think that, you know, part of the problem is, is that the exchange industry didn't focus on decentralization.
They focused on walled garden because, you know, it's a business.
But at the same time, we want to build with values and the ethos of decentralization.
And I started to build a centralized exchange many years ago at Metallicus.
And we scrapped it because we realized, what are we doing?
Why are we rebuilding centralized systems?
You know, banks, you have banks and you have banks that are crypto friendly banks.
And you'll have technology platforms and crypto platforms.
And at some point in the future, they're going to start to play more and more nice as we get the technology gets more evolved.
Cyber security tools, digital identity, all this stuff gets better.
Banks and financial technology companies can get more comfortable with it.
And that's what we're building at Metallicus.
But I've also always believed that, you know, hey, we need the centralized exchange.
The centralized exchange decks doesn't mean it's a free for all where, you know, you're going to be trading with North Korean hackers.
You know, you lose your money and some hacker sends it straight to the decks to try and do.
We can have decentralized systems that give transparency and accountability.
Proof of reserves, the crypto proof of reserves was only in one half of the story.
And I said this before, whenever we proved, you know, oh, I own this much coin.
Well, that doesn't matter.
We need to know how much you owe of that coin to your customers.
Yeah, you got a billion, but do you owe 10?
Because that's a problem because then you're only 10 percent collateralized.
And the second you say that, oh, FTX has billions, but we owe 10.
It's like, OK, everybody's going to run for the door.
Everybody's going to withdraw because they don't want to be the last one holding the potato.
I also want to build back towards original crypto ethos, which is decentralization.
And then I think somewhere along the line, we all thought that DEX means no KYC means you can whitelist any token.
And that doesn't have to be the case.
You can have front ends that handle this stuff and and also handle the KYC and do decentralized identity.
And that's something, you know, we launched today.
Dogecoin Day metallic is, you know, I'll let you introduce that.
You know, we're building we're building the DEX software and we want people to know that you can have regulated,
safe, trustworthy DEX with proof of reserves, but also proof of liabilities.
And what that is, is matching the on chain reserves of the assets traded on chain with the other chain.
So you can match the Dogecoin chain with the proton blockchain.
You can see that they're the same.
So now you can see all the trades on the DEX.
And this is really great, too, because I also think there's a big problem in the exchange world of how do we know all these trades are real?
How do we know that that Bitcoin or that Dogecoin really even existed in the first place?
And and this was an issue that's come up recently in a CFTC complaint against finance.
We've seen this with FTX.
FTX was actually just straight up wiring the money to Alameda to play with.
And then and then FTX would credit them the dollars, the fake dollars and that don't exist and then hope that nobody withdraws enough to make it collapse.
That's why we need to move towards DEX.
The problem that has existed in DEX is that until now, until proton DEX and such DEX, we haven't had systems that are decentralized, but also have the identity built in.
And then also the connection to fiat, too, because because at the end of the day, if you're interacting with like Uniswap or some other platform, you're going to go to metal pay.
You're going to go to Coinbase to cash in or cash out.
You need some ramp to the traditional world to your bank.
And so Metallicus has really built a lot of that technology.
We're doubling down on the decentralization of Metallicus doesn't own any one coin.
We just participate in these things.
And we we want to be core builders.
We want to be at the center doing this stuff.
But the coolest part, what makes it so valuable is that we don't own it and that no one does does own Dogecoin or Bitcoin or proton.
You know, it's owned by the network.
And I think over time, we're going to see more and more people realizing, oh, we can have our cake and eat it, too.
We can be compliant and we can also have decentralized exchanges that don't just list any scam token or some token that promises some financial gain that they can't actually be backed up or whatever.
Those are problems. Right.
And so I think it's very cool that Uniswap is so uncensored in that way because it's very it's got its libertarian ideals.
But in reality, we can't have that long run.
We can't have that because as this thing goes more mainstream, you know,
we will want to protect people from fake tokens, fake coins, a meme coin that has the full intent to, as they say, rug or do something bad.
We don't want that. We want to, you know, in the digital asset service provider world, we want to look at these different types of assets and we want to make sure that they are decentralized and commodities.
And that's why most good platforms, most regulated platforms have what they call KYT.
So if you've heard of KYC, KYT is Know Your Token.
In the same way that an exchange looks at a person or a business, a KY, Know Your Customer or Know Your Business, there's also KYT, Know Your Token.
And so analyzing the token, how is it created?
Is there any, you know, if there's anyone that owns it and there's centralization, well, then it doesn't mean that it couldn't, as former chair Hinman explained, transmogrify, go from a security to a commodity.
But you have to analyze that and the exchanges have to be responsible to list assets that are firmly decentralized and have that KYT.
So I think that's the issue.
When people hear DEX, they think no KYC, no KYT, no KYB.
And that just that's not going to fly in the future because we do have rules around money.
And at the end of the day, too, if you're in a DeFi environment, would you really want to borrow from North Korea?
Like if you knew that that was happening, you would be like, no, I don't I don't want anything to do with that.
So why can't we just have, you know, if we don't build this stuff now, then we're not going to be able to have nice things.
So why don't you tell our viewers and our listeners then what Metallica is doing on Doge Day slash four twenty.
Let me just, you know, steal the thunder real quick.
It's a decentralized exchange.
Right. That's going to help members have a safe place to custody and trade their Dogecoin.
Thanks. Yeah. So, you know, we we really felt that, you know, in building the proton decks, that there's opportunity because the way the decks works.
It's a decentralized trading engine that we could build, you know, another front end where we can make something that's really fun and friendly for different types of communities.
And like Dogecoin is nearest and dearest to my my CTO's heart as one of the top coins that's out there that has a great community.
And we've been thinking about how can we support Dogecoin because Dogecoin is so firmly decentralized that it all lives on tips.
There is no central entity. There is no, you know, there's the foundation, but it's all funded.
It's it's it's donations.
So it's basically a nonprofit that just receives donations.
And so, you know, we want to raise awareness that this work is not for profit, that, you know, and there will be businesses that build around it.
But, you know, Metallica has recognized that we think it would be really valuable to help support grow this decentralized vision.
And so, you know, in doing that, we felt, well, what better way to do that than make a Dogecoin themes with Kibosu head decks that's connected to the same liquidity, same platform, but can focus more on the community.
So there's not so much noise because when you come to a new exchange and you see 30 coins or tokens or different things and you don't know what you're looking at, it might be very overwhelming.
And in the spirit of the what we're calling such decks, introducing such decks dot com, it's just a Dogecoin theme to centralize the exchange with know your customer.
That's that's anal compliant with fiat ramps and every trade that you make on the such decks, 50 percent or a portion of those of the trading fee is donated to the Dogecoin Foundation to further foster development.
And, you know, it's my goal as a CEO, Metallica, but also as a member of the Dogecoin Foundation board.
I want to see other companies embody those values. Right.
And so why shouldn't we, you know, why is Metallica is the only one doing this? I want to challenge the other exchange exchange operators to do the same.
And we put out a little release today talking about this, but the Dogecoin values.
We want to put open source first over profits. Yes, of course, we all we have our businesses.
We have our things that we're doing that, you know, that that's how we live.
And we get our salaries and we work different companies that do different things around cryptocurrency.
But at the same time, let's not forget the spirit of this open ethos and open development.
And how is that done in a decentralized manner? It really is about the community coming together around those values.
Let's put the research and the open source technology on GitHub.
Let's engage the discussion with regulators, with technologists.
How do we make this better?
How do we make it better for your platform?
How do we how do we firmly understand what types of classifications there are for digital assets?
So technology companies and the world, the United States as a whole, can recognize that and say, OK, I know that Bitcoin is a commodity.
I know that Dogecoin is a commodity. I think that's really important.
And so with such decks, you know, the vision is really simple. Dogecoin themed exchange, all Doge pairs.
When you trade on such decks, you are basically helping fund core development work.
And, you know, we hope this turns into a theme and and other crypto companies out there start doing the same.
And maybe it's not even just for Dogecoin. Maybe it's for Bitcoin.
Maybe it's for other crypto currencies, because I think that that's that's really and I'm willing to bet that it might spark a movement.
Right. Where people start thinking about that and saying, you know, let's start to donate some of the trading fees.
Let's start to donate some of our revenues in this thing.
You know, we took these open source technologies. We built businesses around them using payments, using trading, different things like that.
And, you know, why shouldn't we return something back as a donation to these open source technologies to these developers?
It doesn't have to go to any one company or entity.
You have, in the case of Dogecoin, core developers who are all around the world who are not part of the foundation.
They're just writing code and we and they should get part of those those tips.
Right. And I think that you do have these nonprofit groups like Foundation or I guess, you know, you do have the Bitcoin Foundation is the Bitcoin Association, all these theorem foundation.
They also want to foster that that growth.
And so Dogecoin is the largest cryptocurrency with the smallest, unfortunately, base of support there.
It's it's it's kind of cool because it shows how decentralized it was.
You know, nobody had that foresight to say, oh, let's create this giant war chest or anything.
It was like, that'll never take off. And it did. And so, yeah, such decks. Check it out. It's really cool.
It's very secure in the sense that when you trade, you're using our proprietary technology at Metallica, the WebAuth wallet.
So it uses web authentication in your browser to sign all the transactions.
You can link that to your face ID, your touch ID, your tracer ledger, you be key.
And really, that's like the the vision, the vision that we're set out here is to get everyone to get comfortable with this, have more transparent trading.
And when you're done using the Doge decks, we ask that you unwrap and go and store your Dogecoin, whether it's a preferably cold wallet or hardware wallet, take it offline.
And by doing that, we further enhance the decentralization. We we remove the concentrated risk.
Twenty five percent of all Dogecoin is on Robinhood. I love Robinhood, but I want to see more decentralization in the custody.
And if we all start to learn how to do the custody, we actually get even more value out of that because now our technology value is growing.
We're going to teach other people how to do that and it's going to empower them.
And there's going to be less FTX and Celsius scenarios because people don't need exchanges anymore when they understand how to secure their own crypto.
But we need to make it easy. And we also want to have a push towards more decentralized exchanges.
And prior to this, Dogecoin didn't really have a DEX. This is the first Dogecoin focused DEX.
It's using another blockchain proton to do it because Dogecoin as a fork of Bitcoin doesn't have everything we quite need yet to do that.
But I would love someday to see it have its own smart contracts and things.
But there's a lot of debate about that in the community. And right now, Dogecoin works just fine as proof of work.
So I'm not saying anything about that. But we we expect that over time, every blockchains technology gets better and better.
So this was just kind of I call it layer three because you have layer two, which is like lightning you build on top of it.
And then layer three is like use a different system to scale another blockchain. And that's what we did with such DEX.
Cool. So say I'm a new Dogecoin, you know, if I'm new to the Dogecoin community, is this an app I can download on my phone?
Yeah. So you can get the WebAuth wallet. The wallet is what allows you to interact with the DEX.
So if you go to WebAuth.com or go to proton.org, you can find the the wallet, the WebAuth wallet.
And you can download that for Android and iOS. You can also just create an account in the Web where where you'll you'll create your own account.
Either scenario, you're going to get your seed phrase like you do with most crypto wallets.
And once so you can download it or you don't have to download it. And that's what's really cool about WebAuth.
We use Web authentication in your browser to create the entropy and the seed.
And it actually uses your the secure enclave because most people don't know that your iPhone, your Android is actually, in fact, a hardware wallet.
It has a dedicated chip just for cryptographic signing that doesn't connect to the Web.
But most we just haven't really used it until more recently with WebAuth.
And we wrote that those Web authentication libraries. So yeah, if you download the WebAuth client, that's what you'll need to access it.
But you don't have to download it. You go to suchdex.com and you can buy fiat, you can buy crypto, dogecoin, but you can also buy USDC, USCT, TUSD, USDP, all the popular stable coins and metal pay.
You can buy them on other platforms, too, like Coinbase, Kraken, et cetera, Paxos.com.
And then you can deposit any stable coin, any of the popular stable coins that I just mentioned into metaldollar.com.
It's linked from Dogedex and that creates XMD, which is the USD pairing.
So on the suchdex, it doesn't. The first pair is just XMD, which is just a pool of liquidity of all the stable coins.
But we will add other pairs and we may add pure stable coin pairs like USDC, BTC, ETH.
The idea is to have a decentralized exchange that's just purely Doge liquidity, purely Doge pairs.
And I'd love to see FinTech firms and companies that are building on Dogecoin plug into that, too, because it's really great to have an exchange that never goes offline.
If you're building some sort of FinTech software, if you're the next metal payer, Revolut or cash app and you want to add trading in your app, Proton is definitely a cool place to be.
And suchdex is the Doge-focused version of that.
But yeah, never going offline is really valuable in the world of FinTech because telling your customers, oh, you can't trade from Saturday afternoon for four hours.
It's like that really sucks and you might consider using another app.
So DeX is really cool because if the blockchain goes offline, if any blockchain ever shuts down, and we've seen some do that recently,
hold on, let me go restart the blockchain. That might not be a blockchain, right? You have to plug it back in.
So that's a cool part about DeX is there's no plugging it back in. There's no downtime maintenance.
The smart contract on the chain will just continue to run.
Cool. Well, I know we have some people watching on the livestream on YouTube.
I know we're doing our spaces as well. But is there any way you could share your screen?
Do you have any examples you could show in the livestream? It would be pretty cool.
Yeah, absolutely. Yeah, just give me a moment here and I will...
I just want to see what it looks like.
Yeah, absolutely. It's really cool. Give me a second here and I will share my screen.
So how long did it take you guys to come up? Not come up with it, I guess, but how long has it taken you to develop it?
Yeah, so we launched this. See if I got this right here.
We launched the proton DeX a few months before we were actually we thought we were going to be ready to launch it.
Let's see. Can you see my screen now? It's loading. Yeah, I can see it.
Cool. Yeah. So we started Metallica started to work on this last year and it took us about a year to get there more or less to launch the DeX.
And you can find that at proton DeX.com. Excuse me. That's the bigger exchange where it has more pairs and asset listings.
And on such DeX.com, you know, the focus is Dogecoin trading. But we were thinking, you know, it's intimidating, right?
We want to be able to have something that's welcoming for the Dogecoin community without all these other coins on it.
And of course, you don't see proton on here, but, you know, that eventually can be there.
But it's got to be a Doge pair. It's got to be Doge against proton, Doge against Bitcoin.
The idea is to grow Doge liquidity and have a place that's a fun, friendly place that doesn't go offline.
So four rules we just put up here when we launch it because we wanted. So it took us a few months.
We were hoping maybe February we could get this live. And man, it's just been so much going on at Metallica and, you know, explosions left and right and watching all this stuff.
So, you know, it came out a few months later than we wanted, but kind of on a pivotal day, though.
So maybe that was a happy accident. You know, the most entertaining outcome is the most likely.
So it was funny because we were getting closer and closer. It's like, I think that we should launch it on Dogecoin day.
And it was definitely a hustle today. You know, it's definitely like everybody's hustling.
You saw it as you were coming in here. It's like, oh, man, they don't have their lighting, their cameras set up and everything.
We're trying to get everything down to the hour. But yeah, you know, four major points for such decks.
Protect Dogecoin ethos, you know, use, you know, use a decks, avoid centralized entities.
And we say specifically on here when you trade, when you're done trading, you want to unwrap.
So you wrap your Doge to create the asset on the such decks to trade, but unwrap and bring it back to my Doge, bring it back to your Dogecoin wallet after you're done trading.
Number two, support Dogecoin development. We have, you know, I saw companies reporting their entire earnings was around Dogecoin.
Q4, Robinhood, all 90 percent of their crypto earnings are Dogecoin. Well, you know, not trying to point fingers, but like what about the open source development?
You know, like let's let's kick something. Let's donate something back.
I really wish that we'd see more of that. So we're trying to kick that off at Metallica's support the Dogecoin development.
You're building services in and around Dogecoin. You should definitely help support the core depths.
It's really important with and there is no there is no big centralized organization or anything like that.
Dogecoin Foundation is a, you know, organization on that sits on the side that is trying to support Dogecoin development.
But we're not hyperfunded. You know, we don't have some huge corporate backer.
There is no centralized entity. So we rely on tips. And, you know, what better way to to grow that than creating a creating a vibe in the crypto space that you should be doing this if you're building exchange software.
Embrace decentralization. You know, the third point is, you know, we should be focused on these decentralized systems.
We should be moving away from the FTX. We should be moving away from the Celsius. Last year was the year that we discovered we recreate these systems without proper regulation.
Even I'll say even with proper regulation, it's still not going to be what crypto can really be.
Why should we recreate these boring old centralized systems? We should really give people true custody.
So Dex, the idea behind Dex is it never goes offline. It's it's always it's always there. It's always online.
You can see the coins go back into your wallet. You can match the wrapped Doge against the Doge on the Dogecoin blockchain and see that they're collateralized one to one.
You don't have to take anyone's word for it. And then also, you know, number four, most importantly, price of Doge doesn't matter.
One Doge equals one Doge. We know at some point everybody's probably going to sell some of their crypto.
And so this is a place you can come and do it in this decentralized manner. Doesn't use the Dogecoin blockchain proper yet to do that.
But maybe someday it could with the technological and vast advancements in in and around Bitcoin and Dogecoin.
So yeah, I'll just show you what it kind of looks like. It's really it's really cool. Like it basically has the capability.
So the chart is still pretty young. It's only been live for, I guess, like an hour or so. But let's say I want to log in.
I'll show you what this looks like. Now I can use I've got a YubiKey plugged into my computer.
But if I had like a MacBook Pro with the touch sensor, I'm on my phone. That works to face ID, touch ID.
So I'm just going to use my browser. I'm logged into Chrome. It's going to ask me to authorize.
I'm going to authorize my account. And I'm logged in. Now you can see it says my name Marshall Hainer.
That's verified on the blockchain. So when I log in, that was the logging in.
You know how painful it is like logging in to like some centralized exchanges where it's like, we just sent you a text.
We just sent you an email. Click this link. It's like 30 seconds. You're running out of time. It's like, oh, my God, it takes me like five minutes to log into an exchange.
It's a bait of my existence. Yes, I can't totally get it. Exactly. And so, you know, you know, and it's fully customizable.
You can see I'm kind of like changing some some stuff here. I'll go. I'll switch to simple view, just make it a little bit easier.
But yeah, like let's say I wanted to buy, you know, sixty nine dollars of Doge. Right. And four hundred and twenty forty forty two cents or twenty cents.
I guess I'd be a little bit higher than sixty nine dollars. So I go and type, put in the amount I want to buy. I'm logged in.
That was the login. So like you're not going to spend minutes logging. It's really, really nice.
And if you need to change your private key, you can do that. That's really cool, too.
You can also add other users to your private key can also make your private key ownership multisig, too.
And you can change any time. So I'm just going to buy sixty nine dollars of Doge. Just tap this.
It's going to ask for my permission to sign. I'm just going to tap my little Yubi key. Boom.
But sixty nine dollars of Doge. That was all in chain. I can see the order history right here. Sixty nine four two.
It was that easy. Let's say I wanted to, you know, it's trading pretty low. Let's say, you know, if it was eight cents, I'll buy ten thousand dollars at eight cents.
So, you know, set a limit order. I mean, maybe now I was going to go that hard. Let's let's call it a hundred.
Yeah. You know, but, you know, if you wanted to do a larger order, you could.
Or as small as a dollar. Right. And it's all on chain. So I'm going to hit a limit order. I'm going to buy it if it were to hit eight cents.
And you can also do like take profit or stop loss if it goes below eight cents, market sell, et cetera. I'm going to munch buy, tap this.
And it's like the coolest exchange. You know, where's the much buy button on coins? I don't know. Get get to work, Ryan.
Yeah. But that's it. You know, I just place and I can see I've got my open orders here. I can tap, tap that. And I can see, OK, you know, eight cents.
I'm going to buy a hundred bucks. Right. Yeah. And it's it's really cool. You know, you can see the orders real time all on chain ethos of donating back to the core.
I love to live in a time when every platform, every CFI crypto platform out there or CFI or DFI is donating to the projects that they're trading and interacting with, that they're supporting them.
Some of them, maybe they don't need support because they have, you know, hyper mega B.C. funding or something like that.
But but many of them don't. And there's a lot of cool indie devs and people building stuff out there. They need they need support.
And and also when it comes to the core technology, you know, when this thing gets the billions of dollars or hundreds of billions of dollars or even over a trillion dollars.
Do you want all of this work to be completely, you know, completely volunteer that, you know, that there is no tip jar, that there is no way that core devs could get bounties and things like that.
We should be donating to them because, you know, we want crypto to grow. We need to build more and more scalable systems, more secure systems.
And we, you know, I think Elon said it, you know, we want to see, you know, Dogecoin evolve to do faster transactions and things.
Well, that that's going to take some work. And, you know, we want to donate to these open source devs to help them do that work.
And, you know, and that's true decentralization. You don't have a centralized entity.
You have people coming from all over that are, you know, bringing the you're tapping the collective super gig of genius brain from around the world because you're not only in San Francisco.
Now you're, you know, in Brussels, you're in Tokyo, you're in, you know, all over the world.
People are contributing that knowledge and there should be community support for that.
And I think that we've really started to realize that in the US, especially lately is like, hey, you know, what's more important right now?
What's what's most important is thinking about how we're going to support the devs, no matter what direction we go.
We want we want to keep crypto in the US. Right. So no matter what direction we go, we got to support our deaths.
It's like it's like at the end of the day, it's like your car won't drive without gas.
Devs are going to need some of your support. You should make a donation to the Dogecoin Foundation.
You should even make a donation to the Bitcoin Foundation if you like Bitcoin.
There's other groups, too, that are doing it. But support the open source dev.
And we we've gotten away from that. And in crypto and as we've gotten away from that, now we're seeing the consequence of that.
And, you know, the platforms that were so-called, they called themselves DeFi, like a Celsius, but they weren't.
They weren't DeFi protocols. They were C5 protocols that took people's money and went to DeFi protocols to try and figure out how they could get the best rate.
Plus a fee. And you could see why it has securities issues and why it has these other issues.
We should just learn how to use our own DeFi and we should and we should embrace it.
And crypto as a whole, the whole space should be embracing on chain technology, using the using these blockchains for what they're meant for.
Because otherwise we actually create far worse systems. And this has been one of the biggest criticisms of crypto is, are we innovating?
Or are we just creating problems by saying we're innovating and we don't actually use these chains, actual core technology for the everyday purposes and uses.
We're actually giving up our custody and our ownership. Such DEX is a message to the community that you should take that ownership back.
And I wish that Proton and Dogecoin could talk to each other so I didn't even have to tell you to unwrap it.
But I'm going to tell you right when you hit the front of the page, unwrap it when you're not using it and put it offline.
Put it in cold storage. Use your tracer, your ledger, print out your private key and keep multiple copies.
And it's the most amazing, valuable technology you've ever seen. I mean, some people, this is crazy, but some people could do it.
You could even memorize your mnemonic, your seed phrase. This is going overboard for most people.
But the idea that the money could live in your brain, wow, that's pretty cool.
Most people are not going to memorize their seed phrase, but the fact that you could do that is just so cool in my mind.
And so, you know, take your coins offline, learn about your public and private key and be very cautious when it comes to your security.
Never share that private key. And then you have true ownership of crypto.
And that's the when people are asking, what's the technological revolution of cryptocurrency?
I think it was asked in the hearing the other day, you know, came up. The innovation is ownership, self sovereignty, a autonomous, autonomous systems that create commodity type currencies where you can own them and you don't need any central intermediary.
And the value of that is, you know, is is allowing the Internet to become to have its own forms of currency.
And for blockchains to be able to solve technological problems in finance and operations that couldn't be solved in other ways.
And the idea that you can move, you know, you can say, oh, well, stable coin, it costs, you know, some money to use on Ethereum.
Well, on Proton, it doesn't cost anything. And the fact that you can move a billion dollars for no cost or pennies, that could have never have been done before.
So we shouldn't really let that get taken away from us in the world of crypto.
And people say, oh, it's worthless. It's not. It's incredibly valuable.
And the first use is payments. And it expands out from there. And Dogecoin is a great fun way to pay someone paper, a small cup of coffee.
And it will spark the curiosity in their mind of, you know, what is this? Because when people get Bitcoin, they're like, oh, you know, you either, you know, buying the philosophy of this, this kind of idea or you don't.
Or maybe it's just purely about making money or someone told you this is cool. But Dogecoin really makes people think like, wow, such fun, much Doge.
It's like it's funny. It's a meme. It's a joke. It wasn't meant to be taken so seriously.
And when you when you stop taking money so seriously, we can then kind of let our guard down to start to play with it more and learn about it.
And I think everybody learning about how not only cryptocurrency works, but how fiat money works is going to be the one of the most valuable things you can do in your lifetime, because many people will die without ever even knowing these things.
And and being able to know them is the true wealth and the true power. And the more people that discover this funny Dogecoin are the more people that are going to truly ask that question.
I'm sure people will do with Bitcoin, Proton, other things. But the dog really makes you think, is this a joke? Yeah, it is.
This is really cool, Marshall. I do want to open it up to any questions that we have from the listeners on Spaces.
You know, you gave a great kind of overview of what's going on. We had a great conversation before kind of with your take on, you know, everything from industry oversight to the importance of Dogecoin and what it stands for.
So if anyone on the Space Cult does want to ask Marshall a question, you know, put your hand up and and yeah, he's here to answer any questions.
I guess we'll wait for a little bit.
Marshall's answering some questions. Yeah, I would ask my own questions. Come on guys, ask a question.
You know, for me, the evolution of cryptocurrency and seeing what we're seeing right now, it's been crazy. It's been traumatic for some, but this was going to happen.
And I've been saying it for a number of years to people in the space that, you know, regulation is coming. I wrote a couple opinion pieces for The Hill a few years ago talking about Janet Yellen's next decisions will shape the future of cryptocurrency.
That turned out to be right. And, you know, it's uncomfortable. You know, there's a good analogy, right? Like the lobster, right? It molts its shell to grow and it's got to be a very uncomfortable experience.
But once you get that new shell, it's a whole new ballgame. It's a bigger lobster, right? So we're about to become, you know, you know, I'm from Boston because I'm making lobster analogies.
I want to see bigger lobsters. I want crypto to become the bigger lobster. Right now we're in the phase of molting our shell. It's really uncomfortable. We knew it was coming, but now we're about to become a bigger lobster.
We're about to be a bigger industry and the industry really needs to embrace those values. Like I said earlier, I think we got someone filibustered long enough to get to a question.
Do we have anyone? Let's see. I don't see any hands.
I see people joining the speakers. Oh, there's a hand. Oh, there we go. Okay. All right. So I guess we'll go. I guess we can go in order here. Let's go with Hunter. Hunter, go ahead.
Hello, Marshall. Eleanor, how are you guys doing? Happy 420. So congratulations on the such decks looks so cool.
I'm not so into the Doge lingo, but I'm going to try a bit. So I have a question about the exchange. Are there futures yet or is that something part of the future you want to do to the exchange to have longs and shorts on Doge?
Yeah, so right now it's just spot markets. Sorry, I didn't say that earlier. It's all just spot market trading. So buy and sell market limit orders, stop limit orders, take profit orders, your basic spot markets.
I think it would be really cool to have futures and to have margin and stuff like that. But our vision of Metallicus is to do everything the right way, to do it in the regulated manner. So we don't have that yet because we're not regulated for that type of activity yet.
But I would like to be in the future. I think it would be really exciting might take a while to get there. But there's a, you know, there's a right and a wrong way to do it. And we want to do it the right way. And so we're absolutely looking into the future to do that.
But we want to be fully licensed before we would offer anything to do that before we would offer anything like that. So right now, just spot markets. And you know, I will also say to like, I think a strong, the derivatives markets, the futures markets, they're built on strong spot markets.
So you need to start somewhere, right? You need to have a good spot market to have good initial price discovery. So starting there, I think is a good place. But yeah, ideally, it'd be great to have that in the future. And that's something that we're looking at.
All right, thanks. Much wow on the such decks.
I do just want to say I do just want to say I do have to run. Thank you so much, guys, for letting me, you know, host this and to talk to you, Marshall, it's been really fascinating.
And thank you to the Metallica team as well. And I think they're going to get even they're very capable hands to have more of your questions answered. But yeah, you know, happy, happy doge day, y'all. Happy 420 and good luck with everything.
And I'll see you guys on Twitter.
Cheers. Thank you so much, Eleanor. It's great having you on. And thanks for coming today. Thank you, guys. Bye.
See you. So let's see, I guess we'll take a few more questions here and then maybe wrap it up.
James Blaha, you want to ask a question? James Blaha said James Barnett. James Blaha, it's funny, I Freudian slipped a friend of mine from the Dogecoin community from way back in the day. James Blaha built the original Doge API.
And for some reason, it was in my head. James Barnett, how's it going?
I'm sure that's not me building APIs. But yeah, congratulations and happy 420. I guess my question is, when adding assets to one of the DEXs or the other, how easy is it for them for you to put those listings up at the same time?
Is that kind of the strategy in terms of listing? Or will we expect different listings on each of the DEXs? Texas?
Yeah, so everything's connected.
So for example, if you put up on one DEX, you could just list it pretty easily on the other, there and then.
Is it that simple or is there more work to be done?
Yeah, it's that simple. So basically, like with Doge DEX, the pair Doge XMD is also, I was actually going into this call as we were launching.
We haven't displayed it yet, but pretty soon you'll see on Proton DEX, you'll see the Doge pair there as well. And those are mirrored.
So if you're trading, if you set a limit order on Proton DEX or on such DEX, you'll see it on both because it's all using Proton under the hood.
Okay, awesome. Thank you.
Yeah, you got it. Yeah. And, you know, as we add more Doge pairs, we will expose those on the Proton DEX side.
The such DEX is, you know, it's a cool Doge coin exchange. It's using Proton under the hood, and it just displays the Doge pairs, but it's all the same engine underneath.
So, you know, in the future you could see other similar type versions of this, but, you know, we wanted to start here.
There's no guarantee that we'll do any other themed DEXs, but, yeah, all of it's connected.
And same for Proton Loan into the future, because Hunter asked that question, you know, for like using, like, for example, isolated or cross margin, that's going to probably connect, you know, into Proton Loan to use that technology.
So it's all decentralized and on-chain, part of the same thing.
But, yeah, I think the only reason you don't see it right now in Proton DEX is just because it didn't get exposed yet, but it's the same thing.
I think we've got some pretty exciting news, but we may have someone else from the Dogecoin Foundation joining the Twitter space.
So let's get one more question in, I think. A.C., have you got a question for us?
Yeah, hey, guys. Marshall, I mean, great to hear you talk. Proton DEX is awesome. So is metal pay and everything.
And my question is, do you guys have any update for metal pay corporate so small businesses can, like, engage in everything?
Yeah, we're working on that. You know, one of the things was, like, during this bank explosion with Silicon Valley Bank and Silvergate and Signature, it definitely slowed all those conversations down,
because we rely on bank partners. But we're still working on all of that. We built a lot of that technology, and it's almost pretty much ready to go, but we need to secure partners.
And there's still a lot more work that needs to be done. I say it's good to go. It's like my engineers are like, what is he talking about? No, I'm not.
But we built a lot of the back end of that. And that could launch fairly quickly. But one of the problems was with the, you know, the tech, and I really blame, you know, a lot of the things that happened.
There was, you know, macro issues in the banking world that led up to that, like the raising of interest rates and the 10 year maturity bonds that didn't that needed to be sold by some of these banks when they lost money.
That caused kind of like a panic against crypto, as you can see in some ways. So it slowed that down. But we're still pursuing our metal pay for business and metal pay cards that will link into the corporate cards as well.
And we do plan on launching that. It's just, you know, I couldn't have foreseen as big of an explosion. I actually kind of knew that Silvergate probably had issues. We never banked with them.
And we all here in the crypto space, it's small enough that we hear like the rumors, the writing on the wall. So I kind of knew that that was coming. I didn't know SVB was coming, didn't know signature was coming.
And that definitely slowed things down. But the thing about us is we just keep building the tech in the background. One of the hardest parts is finding the right bank partners, finding the right fintech partners.
And in the past, it used to be really difficult because we really had to, it was very difficult to present ourselves when we had less operations. We had less activity. Now we have licenses in different countries.
We have a lot of operational activity, so it's easier. You know, no bank partner or fintech partner wants to be, you know, oh, you're the first. We'll find out if anything goes wrong, right?
But now we have all the we have that operate those operations. We have that history. So hopefully we'll be launching it. I don't want to I never give dates because I learned early in crypto. It's all about soon. It'll happen soon because we are because it will.
We're going to build it. And we always do. We launch it. But yeah, partners, partners became a lot tougher last year. And, you know, a big part of that, too, is like in an arena and I'm building FBT holdings and going to form a bank in the United States.
We see how, you know, banks are woefully behind on the fintech challenges. They don't have, they don't have good multi-factor authentication. They're sending you a text message to secure everything in your savings account.
That's not cool. I wouldn't be happy if my crypto platform was relying on text message to secure me. And there are no crypto platforms, thank God, that I know of that do that. But the entire banking system does.
So why not have a bank that, you know, has better technology, better interface, good mobile app, accessible everywhere, really deeply understands tech and services the community in a way that we can really grow.
So, you know, with arena and I building FBT, that's hopefully we're going to be really servicing technology and also servicing the state of Illinois and NABU where our potential future bank is located.
And we're just, we're really excited. I think that the, you know, banking technology has been very old for a long time or has been very antiquated for a long time for, you know, 20 plus years, it's just kind of looked the same.
Only recently are we starting to see newer, you know, tech like Bank of America has like an AI voice widget and stuff. But, you know, I think that the best part is, you know, better easy to use security. I like web authentication.
Clearly, web authentication is the future of multi-factor authentication. The past is one time password where we have like a rotating code and who likes going to wrote app and waiting for the rotating code to expire to get the next one.
It's terrible. And somebody could fish you in that time. So if I gave out a one time password code, somebody could essentially pass that through to another platform and actually log in as me.
With web authentication, there is no time to weakness or ability to be fished. Either you sign the message or you don't. So, yeah, sorry, going off in a tangent there.
But I think that we really do need better bank partners. We do need more clear regulations and we do need banks that really understand better security and technology and can also build the tooling around blockchains.
You know, this is the on the Metallica side building tooling around blockchains to make more compliant blockchain where we're not just using blockchain transaction analysis, but the chains itself can have some reg tech built into it.
That we're not doing second best guessing. I got kicked off an exchange platform like six months ago. They said I was gambling. I don't gamble. So clearly they're best guessing on the chain of what people are doing is wrong.
And if you can if they can make that mistake about me, other people could be have lots of other mistakes made about that. So, you know, Metallica is building that tech. And I think we need banks to embrace decentralized identity and more secure systems and having know your customer in a decks is really the best thing ever because
you're getting the best of both worlds. You're getting safe and you're getting regulated, but you're also using cryptocurrency for what it's supposed to be.
So I was like the longest way to answer your question about corporate accounts. But I just want to say like all this stuff is going to tie in together building the corporate building, you know, corporate accounts and metal pay.
We want to utilize things like proton streaming payments and eventually to have trust accounts on proton that can be used as kind of like decentralized trust accounts and things like that.
I can chime in here. I know you've been asking me this AC on some of the comments. And just to kind of simplify what Marshall is saying, you know, we are as strong as our weakest link. And right now it's a banking partner.
As soon as we have a banking partner, that's going to work with us in corporate accounts. We already actually we were going to do this KYC partnership with someone who can do KYB.
And then we realize that we could do some of that stuff ourselves in house. So we solve that problem. But as soon as we find a banking partner that we can rely on, we're going to open up corporate accounts, even for, you know, entrepreneurs and, you know, small businesses.
It's it's really, really top of our list. And, you know, the technology is not going to be what's going to hold us back. It's the banking partners, unfortunately.
And, you know, in the last, you know, what is a month or so, some of that really some of them got really scared away. So we're trying very hard.
Yeah, it's reasonable. It's reasonable for bank partners to be scared away after seeing what they saw. I think many people, you know, there's many little wars going on out there that, you know, the average person can't see.
Right. You have the jurisdictional war. You have the SEC and the CFTC not agreeing about the definitions of digital asset commodities.
You know, hopefully they can come to agreement and we can have a path forward. But then you also have like USDC versus USDT. It's very clear that there's like kind of like a battling for, you know, proper stablecoin.
There's a reason why USDC depegged. It didn't just people didn't just wake up and decide to dump hundreds of millions of dollars in USDC at a 15 percent loss for no reason.
And those actions caused problems with the redemptions of the US dollar backing USDC, which caused problems with Silvergate and Signature and Silicon Valley exposed existing problems.
So, you know, we need to have, we do need to, I was excited to see the new stablecoin bill. We do need to have, you know, more clarity, but we also need to have really good tech, because if banks are going to build on top of blockchains and use blockchains in the future, you need good what I call reg tech, regulatory tech.
It doesn't mean that a blockchain has to enforce, hard enforce KYC or anything like that. It means it has the tooling and the capability that you can integrate that you can use that.
And it is not going to cost you a fortune to give someone a check mark on chain or stamp on chain, things like that.
It's all coming. And I know that people that know me that follow me know that I'm really good with these predictions. I don't do dates, but I can tell you where the trends are going.
And trends are going to regulated decks, decentralized identity, integration into bank systems, but it's going to take a little bit.
And this was exactly what I described if we had some of these explosions would be the regulatory knee jerk reaction.
But hopefully it brings the topic to mainstream and hopefully we get, hopefully, you know, people really care and it causes like a conversation about it because if we don't have the conversation, then all this stuff goes on in the background.
And it wasn't really moving in the direction that I think would be pro innovation in America. And what America does, you know, tends to set the stage for a lot of other countries.
So it'd be a really big shame if the U.S. didn't take that direction because, you know, with the U.S. being the world reserve currency, other countries will take that stance too.
So really, I think, you know, the saying like, hey, I'm going to get out of here, I'm going to leave, you know, we should be able to buy Bitcoin and Dogecoin and even Ethereum and other cryptocurrencies in the U.S.
And we should have safe stable coins and we should have central bank digital currencies. And, you know, we welcome regulation, but we don't want, you know, to be told on the highway, hey, take this detour and it will just drop you off in the middle of the ocean.
I want a road that brings me to my destination, not is like slams me into a brick wall. And that's kind of, you know, I think that's kind of what's happening is that it's unclear.
And then we're seeing that as well. So yeah, with more people caring and with this conversation escalating at the national level, I do think it's a really good thing, even though, like I said, it's like the lobster, it's uncomfortable, but it's good.
Better than not having the conversation. I'll say that much.
I don't know if we have any more questions. Does anyone have any questions?
I think we might. James, did you raise your hand for another question just there? And I think we're actually working on getting someone else to have a special guest. Let's see.
But I think James has one for this short time.
James isn't actually live as a speaker.
I can see him as speaker, but I can't hear anything if he's talking.
All right. Well, look, hey, it's Will. I've got a question for you, Marshall, if that's all right.
Yeah, hit me with it. I'm going to stand up because I'm getting tired sitting in this chair, so don't mind me. It's just going up. I'll just rise up.
So, look, what a fantastic day, 420 Doge Day. I'd love to hear like, you know, maybe one, not one, I can't do one, maybe like two or three highlights of your time in the Dogecoin community.
I know there was the time when you guys sponsored the NASCAR car, I think it was. And yeah, I'd just be really interested to know what sort of plans you've got for, you know,
reviving some of those really cool, fun, disruptive campaigns. And yeah, like, we'd love to hear some of your stories of your time in the community from the early days.
Yeah. So, you know, the NASCAR Doge was a really funny thing.
We in the Dogecoin community, we were like coming up with like different fun ideas we could do to like raise awareness and get Dogecoin out there.
And somebody said, you know, I want to see something like the most American Dogecoin thing, you know, what's the most American Dogecoin thing that could happen that everybody would be like, this is this is awesome.
And somebody's like NASCAR. NASCAR is the most American beer drinking, you know, thing. And somebody's like, wouldn't it be hilarious if Kamosu's head was on, you know, the hood of one of these cars driving around.
And so we came up with this idea to just tweet at NASCAR on Twitter and we all waited to a specific time of the day and everybody tweeted from the Dogecoin subreddit r slash Dogecoin.
We tweeted at NASCAR and I think we had like 100,000 tweets or something like that in the matter of like 20 minutes or 30 minutes and NASCAR got back to us and said, like, Whoa, whoa.
We've never had that much social media in their NASCAR. They're like, we've never had that much of aggressive social media engagement ever. What can we do for you guys?
And we're like, we don't know. Can we put like a like a like Kamosu head on a car? And they're like, sure, let's, we'll reach out to our drivers.
And we'll see like what hoods are available, what's available. And, you know, we'll get back to you. We'll try to do a special thing because we know that, you know, this is like we explained to them.
We're just going to community fundraise this. We're just going to literally put a wallet out there. Someone in the community is going to pull it together.
And, and dogecoin blockchain proper. We collected the funds. I think it was about $20,000 raised through the community to put Kibosu's head on Josh Wise's car and it was really cool.
This is the early days 2014 first year of Dogecoin second year 2013 December was when it was created first kind of year of Dogecoin.
It was awesome. You know, this was the early day when the founders were still really involved. Jackson was still part of the foundation was was out there talking about Doge.
Now he's kind of out of crypto. Billy Marcus, one of the other founders is still very much involved. Just not part of the foundation is very, you know, he's got his own brand personality online.
Christine. I don't know. She's not a very public personality, but great person. And so anyways, I went with Jackson and a friend of mine Matt Kahn.
We're all friends and Josh Mullen to at the time created Doge tip and we all like kind of the foundation people and hardcore Dogecoin people.
We went there and it was funny because I'm rolling up with Jackson and Matt into the NASCAR Stadium and I'm I'm like, oh, they're going to cheer you on.
It's going to be everybody's going to be Doge. And we're joking about it thinking like I'm like teasing him. I'm like, people are going to start chanting Doge.
And he's like, yeah, right. And they did like we walked in and we're like, Dogecoin, Dogecoin. He's like cheering in the stadiums.
It was crazy. It was awesome. People are wearing Dogecoin shirts and cheering. I'm like, this is wild. Right.
We go and we sit down and we watch Josh Wise race. Didn't win, but still was just amazing experience, awesome experience.
And I didn't place first rather. Sorry. Win shows how much I know about sports and NASCAR.
But no, but anyways, you know, what was cool about it was being able to see this thing.
It was the first time people were seeing, you know, many people were seeing crypto's 2014.
And then it's like I heard maybe heard of Bitcoin, but Dogecoin, what is this? And it really was that was the joke.
So it made it so funny. And now flash forward all these years, everybody's trying to sponsor, you know, NASCAR and different sports teams.
But that was the first time that anyone had ever seen a crypto on like a professional sports kind of racing thing.
And it was the goofiest, funniest thing. And it wasn't just the hood. It was the whole car was all Dogecoin ever.
But the hood was a giant kibosu and got to meet Josh. I got to sit in the car and it was a really fun day.
It was just awesome. You know, the early Dogecoin community. And we're all having a blast.
And I loved it. I'd love to see it again. It's a different time. You know, it's 2023.
It's been nine years since that event. We've got to do it again.
I've got a funny story. I've told this before. Some people have heard it. But when at the end of the event, it was a really long walk to the car.
So Jackson and Matt and I walked. I drove and we walked from the parking lot to the car.
And then as we're leaving, everybody's like this horde of people's like racing towards their car.
But it's like a mile walk or something like it's like a really long walk, you know, or at least you're going to like want to beat these people there.
So Jackson sees this kid in a golf cart and he's like, let's go ask that kid if he'll give us a ride.
I'm like, oh, yeah. Hey, kid, can I jump in your golf cart? He's like, but we've got it.
So we have brought a box of paper wallets of Dogecoin to give away. And unfortunately, we didn't get to give all the way.
So like this box is like 80 percent full, 90 percent full of wallets. And it's funny because this box is probably worth like millions.
It's like in today's value, it's worth like like in the funniest part. So we go to this kid, we're like, hey, kid, would you give us a ride to our car for some internet dog money?
And he's like, what? And he's like inside this box are cryptocurrency paper wallets of a cryptocurrency known as Dogecoin.
And someday it could be worth millions if you'll just drive us to our car.
I think the box was worth like 40 bucks or something. It was worth like 30 bucks.
But we're like, screw it. Let's it was definitely worth more than 20 bucks.
And maybe it was 100 dollars. But we were laughing like, let's make this kid's life, you know, because it was just cool.
We didn't know if it would really someday become that valuable. But the joke to the kid was someday this box of paper dog money will make you a millionaire.
I don't know if he waited, but if he did, that's that'll be an awesome story to tell his kids someday.
But he drove us, you know, to our car and we're laughing. We're like, someday that box will be worth a lot.
And sure enough, it was. That's my golf cart paper wallet story.
Well, look, I'm going to jump in because we've we've got a very special guest.
We've got Jens from the Dogecoin Foundation. Welcome, Jens. Hey, Jens.
Welcome. Yeah, it's it's just great to also after some period of problems, I tried to actually get on here just to hear parts off.
But I know obviously the story from from back then. And I couldn't be in San Francisco back then.
But it just was wild what you went were up to back then. And I mean, we also had fun in Europe.
We had the billboards and we had the smaller conventions and presentations like at at KAIS Communication Congress,
where we had this Dogecoin tent for several years that that Christian Roetzel, who developed Doge Rain,
build up as as kind of a community meeting place. And it's just been it's just been great to to see how Dogecoin still kind of captures the imagination for everyone.
And so I was I was really, really amazed when you when you came to to us and then then suggested this as something that you want to to build.
And then to see that actually come to fruition is just really great.
Yeah, thanks so much, Jens. And, you know, it's it's really cool.
Like it's a global phenomenon, right? Like in Dogecoins all over the world, you know, there was events in Canada, Europe.
Recently, we worked together at the foundation to have the Dogethon down outside of Melbourne and Australia.
And it was awesome. Like it was really cool to pull the community together.
Like, you know, for anybody that's on the fence today with crypto or wants to just play, you know, get us get a get a few Doge.
You know, tag me on Twitter and I'll blast you some Dogecoin. That's what it's all about. Right.
And, you know, I think into the future, it's just it's it's really great to be surrounded, you know, to have, you know, Jens and Michy and Tim and the whole team at the foundation is building.
You know, shout out to the Ed Blues or Andrew, everybody that's, you know, and even, you know, non foundation members like Patrick Lauter building.
You know, we may be coming from different angles, but like we're there's amazing stuff happening here.
And I think over the next few years, that revival of like Dogecoin, like the story of Jens talking about and I'm talking about, we're going to see more and more of that because it really is crypto is a phenomenon that's not going away.
And, you know, Dogecoin is fun. It's friendly. It's you know, it's for all ages, whereas other cryptos may not have that vibe.
But yeah, man, I missed the Dogecon was you weren't there, Jens, but Dogecon San Francisco was so awesome, man.
We had for those, you know, just a blast from the past. We had a costume contest. We had a dance floor. It was like a dance off.
Andreas Antonopoulos and Jesse Powell were key speakers. Charlie Lee was the key speaker. I was up there. It was awesome.
Like I've gotten so tired of like crypto conferences that are so lame and not fun and like welcoming and like we need to bring this.
This is why Dogecoin exists. It keeps the other cryptos in check from getting too serious.
For sure. Hey, Jens, I've got a question for you. So obviously, I think I think we've got like 700 people here.
And obviously, a lot of people are very familiar with with Dogecoin, but I'd really love it if you could just give us a top line overview of the Dogecoin Foundation.
I think, you know, I've been reading over the manifesto recently, which is just really fantastic.
And yeah, would would love, you know, give us the lowdown of what the foundation are doing and and yeah.
Well, so the foundation basically we originally the Dogecoin Foundation came about as kind of this just early community member.
She was getting together, organizing a couple of charity fundraisers.
And when Dogecoin became really, really popular, so around, I don't know, basically, it almost immediately became very popular.
But when when things were for the first time going kind of crazy in January, February of 2014, we kind of or I kind of approached then Durenberg back then and Jackson about.
This is maybe not great for personal liability unless we find some way to to shield people from from things and first brought up.
Could we maybe create some kind of legal entity in order to shield people, field developers, et cetera, from everything that percolated for a while?
And eventually something was created that then started to engage with, for example, Ultra Pro, who back then tried to trademark Doge as as a trademark.
And then eventually when Dogecoin overall became more or less or entered a bit of a hiatus after 2016, the foundation also kind of went inactive.
And two years ago, when Dogecoin was again kind of in the public consciousness, Ross and Michy, who were two core developers or Michy is still a core developer.
And Ross was also a core developer of Dogecoin back then approached me and asked, can we revive this?
Can we maybe use this to support and put Dogecoin on more sustainable feed and develop help Dogecoin develop more and be more accessible and everything?
And that then led to us trying to or setting that up and starting that up.
And we're currently essentially developing a so the Dogecoin client right now for the cryptocurrency is very monolithic.
It's based on the Bitcoin core client.
And our idea was, well, if we want to make it accessible, you have to make it modular and break things up so that people who want to develop something for Dogecoin can more easily develop.
And that's basically one of the big prongs that we've been working on with with LiP Dogecoin is something that modularizes all the different functions of Dogecoin, all the different ways you can engage with the cryptocurrency and the distributed network.
And the other project or big project right now is Giga Wallet, which is essentially a service for people who want to who want to use Dogecoin in their service.
We also have a couple of other projects that we just that are very close to our heart.
For example, Mishi, who has been a signals and radio engineer, is working on Radio Doge, which is supposed to use Starlink and LoRaWAN to essentially bring Dogecoin to communities that are only accessible via radio that don't have permanent internet connections.
That's phenomenal. So much going on.
Tons of stuff inside the foundation. And these are these are really valuable tools that Jens mentioned, LiP Dogecoin, the libraries to interact with Dogecoin proper, Giga Wallet as a service, and Radio Doge.
Because I hear people say, you know, what will happen if the internet goes down? Well, Radio Doge.
And for those that don't know, you know, Dogecoin is a fork of Bitcoin. So when Radio Doge is complete, that could also be used for Bitcoin as well.
So this is really, really valuable, really valuable stuff that the Dogecoin Foundation is working on and it's all open source tools.
Awesome. That's so good. And hey, we've got to ask, like, when did you and Jens meet for the first time, obviously at a Dogecoin event?
When did we meet for the first time, Jens? I don't know. It's been so long ago. I don't remember.
It was 2014, I want to say. I mean, meet physically in Amsterdam last year.
But the first time we talked actually in 2014. I don't think you were at Stella yet. Like shortly before that, or? Yeah, it was like summer of 2014 or something.
I can't remember. It was Reddit or it was Facebook. I think it was Reddit. Yeah, exactly. I think it was Reddit.
I'm pretty sure it was after Doge for Water, which Eric Nakagawa organized, which was in April, I want to say, 2014.
And then like, but sometime after that, but not too far after that, I think.
Yeah, in the early days, we were all I mean, because we're all around the world, some of us are in California.
But mostly, I mean, you know, Glenn is in Belgium. Jens is in Germany. You know, today in the foundation, we have members in Australia all over the place.
So like back then we were just we're all online 24 seven. Everything was just like one big party in our Dogecoin.
I miss those days because those are the I remember waking up in 2014. I want to say every day of 2014 and a good portion of 2015.
The first thing I would do is check our Dogecoin on the subreddit. You need to get back to that to that vibe where it's like every day, there's just banger memes and funny, cool things happening.
These days, I feel like I checked CoinDesk and I'm like, what is the latest explosion? Whatever. I'd much rather check memes.
But yeah, the early days were were amazing.
We've got to keep the memes alive.
I think the memes are anything that the memes are what's amplified everything means of ground.
Definitely. But more community. You know, the recently I mentioned earlier, but the the Dogeathon and I've organized several help organize several, you know, multiple Dogecoin events, but several hackathons.
The hackathons are awesome. We had an awesome hackathon last year for Dogeathon.
Great submissions from the own the Doge team, from the W Doge rap team, you know, video games or made different things.
There's just a really cool vibe different from many of the other hackathons I've been to because it just wasn't as competitive.
It was, you know, where everybody's kind of competing for these larger checks and things.
It was just fun. We were just making friends, laughing, having fun, but all kind of sharing our passion of Dogecoin and crypto.
And man, it's going to be it's coming back. I know it. I know it's coming back because I can feel it.
And whatever I feel it, I'll tell you soon. It's coming.
Yeah, that was really also something that struck me.
I mean, I've also I've been to a lot of hackathons.
I've organized a lot of hackathons, especially when I was at an accelerator program.
And most hackathons usually are friendly, but also relatively competitive.
And that really wasn't at all the feeling I had last year as well.
And it was really, really nice to see. And it's just amazing to see basically everyone collaborating and everything.
One exchanging ideas and talking with each other.
It was really, really great to see.
I know I walked. I mean, I think at all the hackathons, I've gone and made friends.
But I mean, I feel like I made some lifelong friends at the Doge thought.
You know, and we got to have we got to have more of this in the crypto community where we don't take ourselves seriously as much.
We're coming together. There's like the camaraderie.
That's the vibe over here in Dogecoin. And people have asked me why over all these years I've stayed interested and I've been involved.
It's the people, you know, communities coming together and everything.
And man, it's just it's a good day today. Today is a good day. It's been a crazy past couple of weeks, but I love Dogecoin day.
It's great to be here with all you guys and talking about these stories.
It makes me very nostalgic because it makes me yearn for the better, more fun days of crypto and things aren't so stressful.
And Dogecoin is kind of like that refuge, you know, for sure, for sure.
Hey, I mean, on the topic as well, that I think is really cool.
We've obviously got a lot of people here, a lot of Dogecoin fans.
I'd be really interested to know, you know, from Jens, like what are some things that we can do as community members, you know, to support the Dogecoin Foundation where, you know, obviously got the site.
We've got the social channels, but I'd love to know, like, what small things can we do because we know the power of community.
We know when people come together, we can really make an impact.
So, yeah, I'd be keen to know what your thoughts are on that.
I mean, I think so the Dogecoin community has always been kind of this great part about Dogecoin and also basically been has been Dogecoin and has been what made Dogecoin successful.
I mean, it's still something that I find amazing that Dogecoin has literally never.
I mean, we had to bully them for a very long time to list us Coinbase as a community.
But it's never been that Dogecoin or the Dogecoin project went out and paid any exchanges for listings or that Dogecoin as the people who are developing it or associated with the development went out and purchased advertising or purchase marketing or anything like that.
It was always the community that did that.
And like when or even back when we organized Doge for Water and everything as the foundation in 2014 or even now if someone came to us, we worked with the team sees people a couple of months ago organizing this organizing Dogecoin donations for moving garbage from the Pacific and organizing charity stuff where we can help as an organization.
That has that can talk to other people and that has a legal persona, but so much comes out of the community and gets dynamically done by the community.
And that's just wonderful to see.
And the thing I would love to encourage or that I can only encourage there is being kind to people, being welcoming to people who come into Dogecoin and focusing kind of on this idea that
Dogecoin kind of was a joke and then very quickly became this idea we can throw spare change at each other over the Internet.
And that's kind of at the heart of it, very lighthearted and useful actually and useful as a currency, not as something that you just buy in order to to keep in a cold wallet and hope that it appreciates because that really wasn't the point of the community back then.
And that shouldn't be the point of the community now because Dogecoin is something that you should use that and that's only really great if you actually use it.
For sure. And probably they'll then go to say, you know, to Marshall like obviously based on that and obviously the launch of such decks, but I'm really interested to hear how it came about because, you know, fantastic day to day 420 and we've launched such decks almost as kind of what you said a new playground, right?
That's kind of what it is.
Sorry, I was on mute there. Yeah, you know, I want to encourage people to have a place to trade Dogecoin that, you know, is non-custodial and I had presented, you know, this idea to the foundation, hey, this could be something that could be really interesting for the community.
It's been a while since I've seen Doge native pairs. I think the last time I saw it was like 2017, there was like an obscure Australian exchange that's no longer around.
Some people may know what I'm talking about. Cryptopia. They had Doge pairs. We haven't seen that for a long time. So that was something I was thinking about. And, you know, the foundation also has been talking about how we can educate people around key ownership and private keys and managing your own wallets,
costing your own funds. We really want people to be prepared if there were exchange explosions and there have been that people can, you know, withdraw, get their coins out, manage them. That's the power of cryptocurrency.
And so, you know, as I'm building things over at Metallicus, it was like, well, this would be a fun project to do and could really give back to the community in a way where, you know, revenue that's generated from trading can go back into open source development.
That's the way that it should be. And I really, I was telling Jens, you know, before we launched it and now today, I really hope that it sparks something. And I said it with Eleanor earlier, I hope it sparks something where, you know, the other operators in this space say, hey, that's something we should do.
You know, I've heard about, you know, burns, token burns and things, oh, we'll burn a portion of what trades. That's stupid. Send it to the core devs, let them put it into a multisig, a tip jar, different ways to, you know, Dogecoin Foundation helps manage that.
And there's also recently a Dogecoin Core only specific tip jar that was recently instituted. So you can, you can kind of like, you could donate if you're donating to the foundation, your help sponsoring the work of LibDogecoin, Giggle Wallet, RadioDoge, and Dogecoin Core.
And if you want to just focus just on your donation on the on the core work, there's a there's a specific address for that. But, you know, for and I think that's really cool because it helps.
I think it helps people feel more comfortable with, you know, where they're they're putting tips into and donations into.
You know, foundation is doing incredible work and and the open source devs are doing incredible work. And and I think that Dogecoin is really, it's, it is the top best, most welcoming crypto community, and a very fast crypto that's a proof of work based crypto to make payments
and micro payments. And I think it's, you know, it's fun. So, you know, but in other companies seeing this that what Metallicus is doing, I hope that it inspires them, especially those companies, you know, if they made a whole quarter of earnings off of Dogecoin.
Imagine what that could have done, you know, for the core devs. And I'm not saying, you know, they have to do it. I just hope that they see what Metallicus is doing and say, that could be pretty cool.
And as Yann's point, Dogecoin is decentralized in that sense that no one's ever paid for listings or promotions. People have done that individually or in small groups, but Dogecoin relies on the community.
And so, you know, rallying this call for core dev work, we really need it. And a lot of innovation that can be made in Dogecoin can also be passed over to Bitcoin as well.
So that's, you know, something to consider that these three networks that specifically these main kind of Bitcoin forks where I would consider Bitcoin, Dogecoin, Litecoin, you know, they do provide a lot of value in that the research that the foundation does helps Bitcoin and research that Bitcoin core developers do helps Dogecoin.
So for those that don't know that, they are tied together very closely.
For sure. I think that's amazing. You know, this start of a fantastic relationship, I think setting the standard for what should be in this industry, because, you know, I've listened to you tell that story many times, Marshall, about, you know, Dogecoin in the old days being this hub of, you know, developers hanging out and it really having that, you know, technological center
that that just really helped the entire industry grow. And for me, as someone that got into, you know, got into this industry, maybe three or three years ago, you know, for me, it's very important that we keep that alive.
And, you know, it's funny that we say it's a joke, but actually, a lot of the developers in the world that that have been involved with Dogecoin have have gone on to build incredible projects.
And that's a, you know, super inspiring thing. So, you know, we've got we've got this recording right now, we're going to rip some some videos and some shorts and we'll spread the message wide.
But yeah, awesome to hear. Hey, I think another thing, I'm not sure. Do we have a Dogecoin foundation proton address as well? Because we should set that up for donations, too.
Yeah, if you if you want to. So there's the Doge if you go to Dogecoin.com, you can see the official Dogecoin that there's information about how to donate and there's also a Dogecoin core tip jar as well that specifically focused on core.
So you can donate to the work that's being done around it, like Live Doge, Giga Wallet, Radio Doge, but also you can donate to the core.
And then if you're a proton guy or gal, you have a proton account at Dogecoin, FBN, and it has a little checkmark. It has a KYB checkmark on the proton chain, but donations can be accepted there as well.
The Dogecoin foundation, you can send Doge or you could send proton or USDC or XMD or BTC or anything really would also work. So you could send anything to the such tax and then swap it into Doge.
You have any idea what an accounting nightmare that is if we get like 50 very tiny donations of very strange tokens.
It'll be fine. It'll be fine. Money is money. Coins are coins. I'll help you out.
Can it be a positive to our bank account?
Yeah. Sorry, Ed. Never mind. Don't do that.
I'm just joking. I'm just joking.
Look, make the donations bigger. There's a solution. Just got to donate more money.
There's one thing we've missed today. Of course, it is Doge Day 420, but it's also a very special person's birthday. Happy birthday, Arena. Happy 420. Happy birthday, Arena.
Thank you, Marshall, for this gift. I know every year you give me a gift on this day. Sometimes they're not gifts I want, but this year it is a gift I want. Such tax launch.
You're very welcome. Thank you for the past.
Yeah, you made up for it this time. No, I'm kidding. I'm kidding. We both know it's fine.
Yeah, thanks, everyone. And I'm so happy that I actually I've got to meet Jens, too, in Europe last year.
And, you know, Marshall has been telling me a lot about Doge. I have kind of a funny thing to say about it. And, you know, it's fitting.
I was on the ski slopes a few years ago. I think it was maybe right when I met Marshall, maybe that winter.
And there was a immigrant and a physiologist, part of my kind of group, friend group. And, you know, we're on the ski, on the ski lift.
And he's like, hey, have you heard of this doggy doggy coin? Do you know, with an accent doggy coin? And I was like, yeah, doggy coin.
And I was like, you know, when an immigrant and a physiologist in heavenly is talking about it, it must be a thing, right?
Like, if it's if it's gotten there far. So I'm glad that Doge coin is reaching kind of places that, you know, nobody else could have reached.
And I think that's a really cool thing. You know, he wasn't talking about making money on it and whatnot.
It was just, you know, a cool thing to talk about. So I'm glad, you know, you guys are part of it.
I'm glad to know Jens and Marshall and the rest of the Dogecoin Foundation.
And I'm really happy that Metallica has found a way to participate and to contribute.
And, you know, I think this is a really cool thing. You know, we know how to build financial services products and we built one for Doge. Why not?
And it's fun, too. It was a really fun project, like making the buttons like much fine. I don't know.
It's like I was telling that I was telling our design team, like, this is going to be one of the most silly fun projects we get to do because everything we're used to making everything so serious.
But this was going to be kind of goofy on the UI and everything. It was a lot of fun.
Yeah. And we're like, what is this font? Oh, it's Doge. Oh, what is this color? Oh, yeah. Like, let's put a doggy in here. That's awesome.
What was it? Ice Cube that said, like, he's like, I don't care about what font. Why do you care what fonts I'm using? Don't worry. It's Comic Sans.
You know, when you're coming on a website, you see Comic Sans. It's Dogecoin. They should just rename Comic Sans to just Dogecoin. That's the new font name.
Yeah, I just I remember when we met when Jens came to our event in Amsterdam and I never met him. So I didn't know. And then I'm like, oh, you know, all these people greeting them.
And I saw his cool shirt with a sparkling Doge on it. I was like, yeah, that's who it is.
No, no, I was just gonna say if we I wonder if we've got any more people that want to come out and ask a question because we've got a ton of people in.
Anyone is very much welcome. There's I don't think there's too many opportunities to ask two members of the Dogecoin Foundation a question on for 20.
So for me, it's like we're making history right now. So if you if you're thinking about asking that question, jump up and let's do it.
We can hang around a few minutes until someone gets up. But I know some of my friends are listening, too. I'm going to give them some.
I've forgotten you won't come in.
Yeah, I'll just I'll just say, you know, you know, maybe fill some time.
But, you know, it's it's funny how certain days like have a vibe, you know, for 20 this year, you know, Elon delaying his rocket to launch it today.
The such decks we, you know, I think I drove Jens crazy leading up to this because I just wanted to get it live so bad, you know, to celebrate this day.
And it was something that we were working on. And it's just it's a great day today. It's awesome. It's really cool coming together. And, you know, I told Glenn.
Yeah, I told our CTO Glenn this morning. I said, check it out. Such decks doge decks live. And I was like, I think I like I think I got him right in the heart because he's like, oh, my God, man, that's amazing.
Normally, he's just like thumbs up whatever. Um, but yeah, it's what a great day, you know, arena's birthday does such decks rockets launching, you know, a good day.
All right, we got first up Mr. Dad 817 with what looks like a cute dog in that profile picture. You got a question for Marshall or Jens or arena.
That was an accidental button press. I'm here working and listening at the same time. Sorry about that.
No, don't worry. That's a very Dogecoin thing. All right.
I've been diving deep into this these past two weeks and I'm just going full on just absorbing all the information, learning all about this. I did not know Dogecoin was as fun as it is.
I didn't know it was so serious at the same time. And it's amazing. It's amazing learning and it's amazing seeing Marshall and the way how he interacts with everyone.
I just want to I'm just happy about all interesting. Thank you so much.
You trade everything for the people in America and everything. So it's awesome, man.
Thank you, Mr. Dad. It's an honor, you know, to be working on Dogecoin. And the coolest part about crypto is like, it all depends on us, you know.
If you want to build something on Dogecoin, you don't have to ask for anyone's permission, you know. And the foundation is here to help support you, to help support the builders in the community.
It really means a lot. And what last thing you said in America, like we got to support crypto in America because, you know, if we don't speak up and say that we want this, that we want to buy Dogecoin, that we want to sell Dogecoin, we want to have our, you know, access, then we could lose it, you know.
And really important. Yes, I got it.
One more, one more thing. And you know what's crazy is my son mentioned this to me and he was just saying it as a meme, you know, and I blew it off, like, back in the day. And I was just like, whatever.
I'm like Dogecoin, I'm like Bitcoin, whatever. I don't even like, I blew it off. But it's funny how kids kind of can see into the future, you know, it's weird. But anyways, that's it, guys. Y'all have a good one. I'm listening now.
I have a cute story about that. I went to my daughter's, like, they bring alumni to talk to middle schoolers about stuff about like their careers. And they kind of like put us all in a zoom meeting. And then right before then, they said, Oh, you know, we want to talk to the parents before you guys go on there.
Hey, do we have someone here in crypto? Because there's this kid in eighth grade who like bought all this crypto and made all this money. And now he's like acting up and telling his parents he doesn't have to go to school.
Can you like talk some sense into him? And I go on this thing with all the kids. And I was like, Hey, which kid in here like raise your hand if you bought like crypto, and this guy raises his hand kind of shy and I was like, What'd you buy Dogecoin?
He's like, Yeah. And they all just like all the teachers were like, No, you were supposed to do the opposite. You guys were supposed to tell him. No, and it's a bad thing. I was like, Good job, kid. Like, but you should stay in school.
So yeah, there's eighth graders or or younger doing this.
I think that's awesome. You know, like, Hey, check this out. You know, if you if you really like this, you could have a career in this. That Yeah, when I was in when I was in high school, his name was Marshall. I'm just kidding.
It's like a meme. And this was Marshall Hainer. And it's like a picture that's not me. Yeah, I'm not that old. I'm basically Marshall's age. It wasn't it wasn't it wasn't Marshall's. It wasn't Marshall Hainer in middle school. I'm kidding.
But can I just very briefly because one one thing that Mr. That said is also something that I think is important because or that that I think is important distinction with Dogecoin being both very lighthearted and fun, but also in some aspects serious.
That was kind of the idea behind behind reviving the foundation, honestly, because I've been on the board of a couple of of larger nonprofits and and worked at a couple of larger nonprofits previously.
And the ideal thing you can do is make yourself as irrelevant as possible to what volunteers and employees, etc, are doing and the good they are doing while at the same time having the ability to shield them from liability, ensure against something at events going wrong, etc.
And just trying to provide a framework for the community to do or the organizations to do or the volunteers to do what they want and what they want to do and the good that they want to do.
And that's kind of also what what's kind of led us that we try to well, not in any way really influence the community on a on an influencer kind of in that kind of sense, but really want to provide basic things that help Dogecoin be more easy to adapt to whatever people actually or what the community actually wants to do with it.
And yeah, that kind of leads our idea. And that's kind of we basically hope that people can be light hearted, because we managed to do the things that keep the lights on keep the domain running, etc.
And everyone else can just have fun, hopefully.
Yeah, I couldn't I couldn't agree more. It's, you know, there's a lot of work that you know, even though a lot of this stuff is like volunteer, there's a lot of work that needs to be done from the community side, you know, to get everything to come together.
And I think foundation has just been a great, great organization to bring awareness and the resources and, you know, we're working on a Dogecoin.org soon, which, you know, can have some capability to, you know, highlight the content and apps and things that are made by the community and Dogecoin.
And so a lot, you know, lots of stuff is really cool stuff is being inside the foundation. But you know, our main goal is to really spread awareness, foster the community, and to, and to be a place for resources, you know, where people can find this stuff, because it is a joke, but at the same time, securing your money isn't a joke, right?
And so we want to, we want to help people do that. And also, we want to support, we want to support people in good ways, like the hackathons, we'll be doing more of those and other events, where people are friendly, it's not competitive, it's not, you know, hackathons are, like Ian said, hackathons are typically, you know, very, you know, cutthroat competitive, but we want to foster, you know, per our values, inclusivity, and, you know, be welcoming and, yeah, it's, you know, that
we're putting out there. And I'm feeling it today, for sure.
Sure. All right. Bernard, you've had your hand up for a little while. You want to ask a question?
Yeah, my apologies. I backed out with the, I was trying to back up my screens, I had other stuff open. Thank you for having me. Good for 20.
Marshall, so the question is aimed towards you, as far as with proton and metal. For users that want to purchase metal, what are the avenues as far as that goes if they want to use flyat?
I, hey, I'm gonna jump in for 20 Dogecoin day. Let's keep it super Doge.
The X runs on metal, am I correct on that? XMD, so you have to move the dollar then to purchase the Doge?
Yeah, I could answer that real quickly. And hey, Bernard, how's it going? So, yeah, so the such text runs on proton blockchain layer one.
And it uses metal dollar, which is a stable coin. That's a basket stable coin. It just makes it easier for us to be able to offer for metallic is to be able to offer the trading pairs where you don't have to choose between USDC or USDT because there's always like that fragmentation, but then it also doesn't force it into some sort of unknown basket where you don't know what the underlying currency is.
And so you can go to metaldollar.com and you can mint XMD and redeem XMD and use that when you go to such decks as a little banner that if you tap that so you basically you can come to such decks with any stable coin and buy and sell Doge and you can withdraw any stable coin, which is really cool.
And then the metal blockchain, I know we're talking about Doge, doge krundy, so I'll just wrap this real quick. But the connection there is that proton, which is the underlying technology is a layer one, and metal blockchain is a layer zero.
So in the future, you could have, you could have banks having their own blockchains, you could have other blockchains talking to it, and eventually, hopefully someday proton can migrate over to metal.
And hey, Metallicus is interested in even making a wrapped virtualized, you know, Doge or something like that. There's lots of teams that are experimenting with things like this and Blue Pepper recently launched the wrapped W Doge on Ethereum.
I'm sure we'll see more stuff like this, but that's the TLDR of the underlying tech. So it's using proton. Proton hasn't migrated to metal yet, but hopefully in the near future, we'll see that soon.
Maybe, maybe to add a little bit, Bernard, I don't know if this is part of your question, but you can, you can, there is a button, a field on suchdex.com that says Fiat.
So you can look at the Fiat onramps and then the way to get XMD and the way to get USDC and USDT and other stables in there.
Yeah, and free to buy. Oh, sorry, go ahead, Dorena.
Oh yeah, you can use a credit card or debit card to buy. You can buy Doge directly on metal pay and then you can transfer it and trade it on the suchdex.com or you can buy USDC and USDT and you can wrap it and put it into XMD.
There is definitely Fiat options for the US users here.
And you can also use bank wire. So if you wanted to do like a larger portion that what's your debit card is going to do or whatever, you can you can wire in funds or do direct deposit with the metal pay app in US and EU.
And we're turning on ACH pool also for that soon. So there's lots of Fiat options right now for Doge.
And we'll be adding more to like our plan is to expand jurisdictionally. So right now, suchdex is supporting Fiat and crypto through metal pay, which allows banks credit and debit card purchasing.
But you can also buy, you can buy USDC and metal pay for free, which is a nice feature and I believe Coinbase offers that as well, free conversions of USDC.
But then also, you can also just buy Doge in metal pay too. Like if you got the metal pay app and you're like, you know what, I don't need to set a limit order. I don't want to buy it at this price or whatever.
I just need 20 bucks in Doge right now. You just add your debit card, credit card into metal pay and buy some Doge.
And soon we'll add the integration where you can send and receive it from metal pay using Proton as well.
I'd love to see as well some other integrations in the future where, you know, W Doge and other versions that are safe could be supported as well. So excited to see that.
We just got another special guest as well, a special 420 guest, Joe from Luna Crush. Great to have you here.
Hey, Joe, welcome. Shout out to Luna Crush. This is way too close to actual 420 right now for me, you guys. I don't know if I'm going to make it. I don't know if I'm going to make it through.
Twenty five minutes to go. And I was just thinking, I was like, I'm actually going to make it from 120 p.m. to 420. I've gone coast to coast.
You're crazy, man. You're crazy. What is going on today? This is like, you know, I woke up this morning and I'm like, I'm like, you know, still kind of like asleep.
And like, I've got this like coffee maker that's not working. And so I'm like watching this rocket shoot up and I'm like thinking to myself as the rocket shoots up, I'm like, you know, Elon has like the Dogecoin logo on Twitter like a week or two ago.
I don't even remember what that was. And now I'm watching this rocket, you know, get self-destructed over the Gulf of Mexico.
Like, how does this guy even like enough to make this Elon thing? But it's like, how does this guy even have time for any of this? Like, what is going on?
I don't know. I think I have a theory that I feel like the memes are like his like mimetic fuel, you know, like it like it wasn't like my inside joke in my head is like he must have like actually needed to move it to 420 to harness the power of the beams to make sure the rocket.
Yeah, it's just completely fake. And there's only like one dude in there that like it just press the stop button and no one even came into work until yesterday.
Some sort of quantum entanglement entanglement having to do with the time and everybody focusing on the rocket and then it'll work, you know, I know, I don't know. I have no idea. Like, I think it's awesome that he did it.
I think it's it's cool because I know some people today have said, you know, about Dogecoin day, they're like, you know, prominent members of the community said I hate today, how people are kind of like using this day to get people to like bought like pump doge or something like that, that sucks.
And I agree that that blows. But today is like a fun day to just like for it to be Dogecoin day where it's like, you know, your whole your whole Twitter thread is just, you know, doge tweets and kabosu memes and stuff like timeline cleanse.
I think it's great. I, I wish he left the logo up there longer. But you know, it was it was definitely funny. It was a surprise for us all. Nobody knew that was gonna happen.
I think you just discovered the little, the little funny game hack. But I love the Easter eggs. It's funny, because people said like, Oh, you know, Elon takes over Twitter, it's, you know, I'm out of here. I don't think Twitter has ever been more fun.
And I'm actually enjoying the updates, although I lost my checkmark today, which is sad. But I see, Joe, you've got the you have the logo and yours. I'm gonna get mine soon.
Yeah, get the get the org one with metallic kiss. And then you guys can get, you know, you kind of choose it kind of like how Elon had like his chosen the Twitter logo, but like he could probably have like the SpaceX one or whatever org you want.
It's kind of cool, because, you know, when you have different properties that are part of the business, you know, it kind of ties everything together. And then if you do have people that are kind of representing the business, it ties it together a little bit more.
And then, you know, like what we've got going with Nakamoto one, you know, people kind of know that that's part of lunar crush, too. So I think it actually would be pretty sweet for you guys to have that.
Yeah, we're definitely gonna do it. And I, you know, it'd be cool to have the foundation and dogecoin have it too. Although I don't know how that's in the budget.
I mean, if Elon holds up his promise of giving it the top 10,000 accounts for free or top 10,000 followed accounts free, we should qualify actually.
Hey, right. You know, I, you know, Elon, but Elon, if you're listening, we want the dogecoin hash flag, hash flag first. So, you know, when people write hashtag doge or, you know, hashtag dogecoin, we want to see the doge. Come on. I've seen so many other cryptos. No doge must be something really special you're saving. Yeah, must be something really special. It's good. Dogecoin is going to be only animated flood or something.
Maybe if dogecoin contributed a billion dollars towards the acquisition of Twitter, then you can get it.
Yeah, I mean, Twitter, we're still owned by or so public. I think the the rate for that was something like a million per year or something like that, or at least that was the what was being talked about on the grapevine to to get it set up. So, yeah, that's a little bit more than we'd be comfortable trying to like fundraise.
I mean, we wouldn't say no if they just added one. That would just be great. But yeah, that's a tough foundation vote right there.
Marshall, it's been a minute. I don't even know if you know that we're sending dogecoin to the South Pole, the moon in Q4.
I do. I saw that. It's it's so awesome what you guys are doing. You know, for those that don't know about Lunar Crush, it's a cool platform where you can that Joe and John, the founders, great guy.
Great team. You can track social sentiment like you could track prices. And I've been watching, you know, the Lunar Crush team has been a big fan. And yeah, it's really cool to see what you guys are doing with Nakamoto one, Nakamoto one and, you know, doge to the moon, like, it's going to be, you know, second, second doge in space.
And, you know, more doge in space to come.
Ours is a treasure chest, though. So what we're doing is we're with Nakamoto one, we're actually, we've got this run of NFTs, you know, so go to lunarcrush.com forward slash Nakamoto one or just check out Nakamoto one on Twitter.
But we're what we're doing is we're we're basically have a rover. We partner with a company called Lunar Outpost. And on the side of that rover is going to be a piece of metal.
And we're inscribing like a Bitcoin private key, like theory and private key, a dogecoin private key. But really, it's we're going to put a quarter of the proceeds of this mint onto this rover.
And so this rover is going to get shot up on a SpaceX rocket in Q4, lander goes to the south pole of the moon, little rover pops out and the rover is actually there to test LTE.
So astronauts could like make phone calls on the moon someday. So it's pretty crazy. So part of that mission for us is to, hey, how do we like make this humanities like time capsule on the moon, so anyone can send anything to these addresses, they're all going to be public.
But a big piece of that is, you know, how do we get, you know, just the dogecoin community rallied a little bit. So we want to put a private key for dogecoin up there.
So, you know, you're sending it to the treasure chest, you're like, you know, depending on whether or not you think people can get there, we think people get there, we're kind of burning it a little bit.
But yeah, it's going to be this like crazy, you know, treasure hunt to the south pole of the moon, it's going to be nuts.
Little do you know, I'm making my plans to get up there to the moon to go solve the treasure and I'm just kidding. You should. Anyone can get there, SpaceX is unlocking it.
I love how the path to the moon for dogecoin, it must go through Elon. Elon, it's the arbiter of doge to the moon. Just the way that it has to be.
He's the man. It's nuts. It's crazy. Like I said, busy guy can't even imagine going through that and operating that in a way, watching that rocket go today.
And, you know, then like the Easter egg, I think what he's done, like as a founder and a CEO, you know, we're a small company.
But, you know, I think growing up and watching CEOs and founders back then, it was like pretty stuffy, you know, I guess is like the only word I could say.
It's just like, you know, you got to be straight down the middle. You got to do all this stuff. It's like no fun.
Just travel and just like ruin your life and hate your family and all these things. And, you know, I think it's been seeing people like Elon.
And, you know, I feel like he's kind of inspired other founders as well. You know, you can you can have fun.
We were talking about, you know, 420 much while with Doge today. And, you know, it's just a completely different paradigm than it was, you know, even 15, 20 years ago.
And I think, you know, this younger generation and if you're in Generation Z and you're seeing this next layer of founders come out, you're like, wow, this is this looks like more fun than I think it probably looked like a long time ago.
You know, it's like imagine having to be, you know, like the I'm sure it's a lot of fun, but it's like the CEO of an insurance company right now.
Probably doesn't sound like as much fun, but I think the types of businesses that are available and like, you know, you could be the chairman of the Dogecoin Foundation, right?
You could be, you know, the founder of multiple, you know, blockchains and different and participate in different dows.
You know, I think it's opening up this crazy, crazy world that I think is just a better place to live in. And so, man, I'm just excited for for this industry.
And, you know, what we flushed out a lot of the crap last year, the fiasco that went on and the people that are left are people like, you know, you Marshall and Arena.
And I think that's that's will behind the such decks handle over there. You know, it's it's just it's awesome. You guys rock.
Thank you so much, Joe. It's, you know, at the end of the day, you know, the cream, the cream will rise to the top.
The people that are really here for the right reasons will still be here five years from now, 10 years from now.
The Joes, the Johns, the Lunar Crush, the, you know, the members, the community of the Dogecoin community, Dogecoin Foundation, you know, people that are behind that.
They're still going to be here. They're still going to be building.
It's and, you know, to your point, also, it's really cool to be part of this different generation where, you know, 25 years ago, 20 plus years ago, everybody wore, you know, suit and tie into the Silicon Valley office.
It was a different time. You know, it was only around the time of like Facebook that like Mark Zuckerberg, you know, pitched to Sequoia in his BJs and kind of broke the mold.
And, you know, flash forward so many years, like Elon is like retweeting and tweeting things.
I don't think I even have the courage to either like so it definitely makes me feel good that like we can kind of be ourselves, you know, and, you know, in terms of like dice, funny dicey beads, you know, I think it's awesome that that's the future is like, you know, being more yourself.
Also, you know, Dogecoin might have gotten its start on Reddit, but I do also think that it's become very big on Twitter, like as evidenced by this big, you know, Twitter space today and Elon, you know, getting into Twitter.
I just think it's great that we're coming together and we're, we're, we're talking like today, this talk, this spaces, you know, talking about like what we can do for Dogecoin versus like a big space about like, you know, what the price is or whatever.
Anything beyond one Doge equals one Doge is a sign that that the future of crypto is really bright and Dogecoin is really bright because wherever we can have these communities and the right people coming together, we're going to win.
Wherever we're, you know, you know, what was the meme where it was like, you could make money off your friends or whatever. I forgot who said that.
It's like, yeah, I don't like that. I don't like the sound of that at all. I want to work together with everyone to build something really cool. And that's, that's what today's all about.
And man, seeing that rocket go up, having you here, Joe, Jens, Arena, Will, you know, James up here, Hunter, people from, you know, Frank, people from the Dogecoin community, you know, Bernard, Mr. Dad and, you know, other people coming in.
I see Jimmy, Jimmy James from the from SHIB magazine, you know, shout out lots of cool people from different communities.
Like, you know, at the end of the day, we come together to build cool stuff. And we're all about decentralization and self sovereignty and ownership.
And, you know, it's Dogecoin day, baby. I've got to celebrate the fun memes, you know, crypto doesn't have to be all doom and gloom. Today is going to be a great day.
And hopefully this energy carries through to that for the rest of the week, because, man, we need it. We need some positivity.
I think so. Hey, I think you have perfectly wrapped it up there, Marshall. Fantastic day.
420 Doge day. Huge thanks to Jens for coming up here to speak. Thanks to Joe, Marshall, Arena, everyone that's been involved.
We're so happy to launch such decks today. We're even happier that, you know, 50 percent of the fees that are generated on the platform are going back into the Dogecoin Foundation to support development and everything that we need to do to, you know, keep that Doge dream alive.
So with that with that being said, there's I think 14 minutes until 420 on Pacific time. And I think California celebrates 420 more than anyone else in the world.
So I'm going to wrap it up, close the space and everyone have a fantastic day. Have a great day, everyone. Happy Dogecoin day. Cheers. All right.