Music Thank you. Thank you. Thank you. Music Thank you. Thank you. is that music still playing for you guys?
Okay, guys, thank you for coming today.
PKT Community Roundtable.
I'm trying to get the guests in here.
I'm sending some DMs out.
Let's see, we have Ever have ever rise thank you for joining bazaars enviroblock thanks guys for joining waiting for one more but we don't have to wait
for them and we're expecting one more but we don't have to wait for them so
at the pkt community roundtable for those who haven't been here yet, every week we'll give some updates about PKT.
And we'll also talk about, you know, a trending topic in Web3 in a roundtable fashion.
We invite some guests in the Web3 industry, get them in here, try to invite their communities, and have a nice lively discussion.
So we will introduce PKT, we'll introduce the speakers, and then we'll get into it.
So while PKT is giving an introduction, I'll look at the schedule and the topic and questions
and everything and get prepared.
Hey, good morning, everybody. Thanks for joining our space here.
Packet is building a decentralized internet infrastructure,
and we're supporting open internet access and powering the decentralized web.
internet access and powering the decentralized web.
Essentially, people who contribute to the network build a strong,
decentralized overlay internet access.
And yeah, we're really excited to push this project forward and get it,
you know, spread out to the world and onboard the next billion people.
So thanks, Kurt, for putting this together and all the speakers for coming.
And we're really excited to continue this journey we're all on together.
Thank you. I'll introduce myself, actually. My name is Kurt Ivey. I work in PR and marketing and I'm the network steward for PKT, which means that every week PKT community will vote for a community member or figure who they want to represent the network in some way, whether that's marketing in my case or development.
I've been working in Web3 for four years about.
Thanks for having us on, guys.
Can you all hear me? Yeah, can you?
I didn't know Kurt was trying to talk or
Twitter space glitches here.
You can't hear me at all, EnviroBlog?
it's potential that he doesn't hear you.
Yeah, it sounds like he can't hear you.
Maybe shoot him a DM and let him know that
to maybe log out and log back in.
Yeah, it's really interesting that Twitter still has problems.
Yeah, I logged in early, so let me try to hop back in here.
Yeah, last week I remember in a different space.
I think it was maybe because of electric storms,
but it was utter chaos and no one could hear anything.
But we'll let Bazaar's BZR introduce themselves.
So do I go on fully introduced or just a brief introduction?
Just a brief introduction.
And then you can talk a little bit more as we talk about the topic.
So I'll just introduce myself for a bit.
I am the Twitter space representative of Bazaars.
So basically, we are a B2B marketplace.
Do I continue with that? You know, a little more.
So first, thank you for having us today.
So I'm very excited to be here.
So I am representing Bazaars.
We are based on what I've said, we are a P2P marketplace and we are
poised to revolutionize the way we engage in online commerce and, you know, transform the
landscape of online shopping as we know it. And yeah, so we are not your ordinary run-of-the-mill
online shopping platform because we are blockchain based.
So that's why we are here promoting our application and that's for native people.
EnviroBlock, can you hear me now?
You want to introduce yourself?
Yes, I'm Will. I'm the co-founder and CEO of EnviroBlock. Sorry for that. You hear me? Yeah, no problem at all. You want to introduce yourself? Ah, yes. I'm Will.
I'm the co-founder and CEO of EnviroBlock.
We are all about collecting data from people's homes.
So we are a deep end project building
And we are all about collecting data,
be able to give insights into indoor air quality issues,
mold conducive environments,
and also help you maintain and save money with your home ownership over time by identifying areas of inefficiency,
like with HVAC systems, attic ventilation, indoor or outdoor air infiltration, things like that.
So very excited. We're still pretty early, just over 600 devices online, which is about 500 homes, but that's spread across 40 countries.
So that's pretty exciting.
But we've got a lot of stuff coming up this year.
We're launching our own token.
So very excited for everything 2024 has to bring.
So appreciate y'all having me on.
you'll have me on. Thanks for coming. And then we have EverRise here. Enrique is representing.
Hey, Kurt. How are you? Nice to be here. Thank you for the invitation. And my name is Enrique.
I'm a lawyer. I'm from Venezuela. I got into Web3 three years ago, three and a half years ago or something like that.
I am the public relations lead of EverRise, which is a project and company that develops
solutions from B2B and retail user 2 and DeFi. We're on five blockchains and we have been
building 10 DApps already. I yeah, I'm excited about the subject
that we're gonna touch today.
If I messed up with some words,
usually, you know, my native language is Spanish.
I started speaking in spaces in English because I had to.
Thank you for the invitation, Kurt.
Yeah, no problem at all um before we get into it we also have
caleb here caleb you want to introduce yourself hey um yeah well i uh i'm the author of cgdns and
uh original author and the founder of the packet blockchain uh or the at least the person who wrote the code
i uh i'm also the uh creator of this uh voting this dow that uh you mentioned earlier uh which
for people that are not fully aware um in the packet project we have a a voting system where
you can vote for the person who you would
like to be the representative or the person who best represents you. And then they can vote for
who they think represents them and they can vote for who they think represents them. And if somebody
wins, then they win. And if they don't win, then their votes delegate on to the next person so it creates a
very interesting um a very interesting situation where um it it drives the community at the at the
top to come together and find agreement and build coalitions and uh so uh so Kurt's been dealing with a little bit of that earlier because we recently got a really interesting proposal, which we'll get into probably a little bit later.
So, yeah, the topic for this week, someone said they were excited about it.
I typically pick a topic that's, you know, a little bit on the sensational side, a little bit harder hitting than, you know, what's going on with base or something like that.
This week's topic is, will a financial revolution outperform a political revolution?
to outperform a political revolution. And, you know, I think it's very on topic for a lot of
what we're doing in Web3, a lot of what PKT is doing, a lot of our ideals, and really a lot of
what's going on in the world. So I have some questions prepared in case anyone, you know,
doesn't want to speak up. But yeah, I mean, let's get into it. Obviously, in my opinion, it's not really, it's a rhetorical question. I think a financial revolution is what we need. A political revolution is great and everything, but, you know, I think most people in the country are aware of what's going on to some extent, and political revolution, in a way, has happened.
We just haven't been able to execute on it.
Financial is the only way to go.
How about we toss it over to EverRise first?
Oh, I'm sorry, Bazaar is first,
since you're first on the schedule here.
When it comes to financial independence and the peer-to-peer marketplace how do you think in your opinion have you guys thought of this how that will undermine you know political structures
in your industry all right so thank you for the question.
So our take for this question is, first, Bizarre is a BTP marketplace that aims to decentralize
the way we buy and sell online through blockchain.
So to fully understand this, let us go back to the description of what the centralization first and, you know, it is simply the direct distributing of control from centralized authorities to individuals.
So in Bazaars, we take advantage of this concept by letting our users use their Webby wallets to transact on our platform instead of centralized bodies such as Bax.
instead of centralized, but it's such as fax. So what are the advantages of
using Bazaars over e-commerce which usually works on their centralized
system? So we have a lot of advantages compared to our other competitors who
like accessibility here in Bazaars. We have decentralized nature and integration with battery wallets.
We have them enabled for global access without geographic restrictions.
We are for more than 40 countries.
So users from 48 major countries can participate.
So this increased financial inclusion.
Also with low fees, we have removed intermediaries.
So we are significantly reducing transaction fees compared to traditional e-commerce platforms.
And based from my research, our other competitors are like around 8% to 45%.
45% they charge their sellers in that rate but here in bazaars we only charge them for like
They charge their sellers in that rate.
6% so this enhances the financial benefits for both buyers and sellers and you also have this
security and transparency we have this ipfs and on-chain KYC, which helps to secure and
decentralize data storage and enhance our security and efficiency. And lastly, we have this autonomy.
Our users can maintain control over their transactions and data, fostering a sense of financial autonomy.
So no intermediary, no government, no banks can have access to that, just them.
So with the use of cryptocurrency, particularly Bizarro Tokens,
because when we launch, we are going to utilize our PCR Tokens as a mode of payment.
But as a sample supplier, we're going to use other tokens as well.
So, yeah, we are going to facilitate direct, so unmediated payments,
further reinforcing financial independence.
Yeah, I mean, I think that's the biggest part of it really is just redirecting cash flow
away from the people who have controlled it for so long, directly to the hands of the
It's really easy to control people when you're controlling their finances.
Money is everything. Money is our whole lives.
And also, like a lot of rich corporations, they're able to lobby governments, lobby politicians.
They use the money that they're milking from us to change the laws
or to bend the laws in their favor.
So there's really a lot that goes into it.
And commerce, bazaars is a decentralized commerce.
Commerce is one of the biggest things in the world.
It's one of the biggest cash flows. So being able to redirect that away from, you know, big tech or, you know, Amazon and stuff like that is going to be a big step towards in the right direction.
I'm curious if if Caleb, if this question has.
If you've thought about this exactly, I know you thought about similar things, but
like the exact correlation between a financial revolution and a political revolution.
I mean, it's arguably the same thing because classical money is entirely political. I mean,
it's created by the government. And I know people are going to say,
oh, the central bank is not the government, but it's government bonds at the end of the day.
And yeah, I mean, when you think about like what banks do for us, for the world, I mean,
they take deposits, but people didn't actually want to deposit money in the bank they just wanted to
be able to like have their money somewhere and spend it they didn't they weren't meaning to loan
anything and and they're not really even held to account for the loans the bank it's sort of like
the bank just pretends that they're lending out your money but they're not they're actually
creating new money it's all so weird uh and it's it's also
like outdated um and then they make these loans which i guess by and large they're they're lending
fairly well um but because because the loans i mean there's it isn't like equity where if the
value of that if you don't make your payment the value of that token or that equity goes down.
It's like if you don't make the payment, you're bankrupt.
And then the bank is insolvent.
And then just everything fails.
It's kind of the worst situation.
And then the banks, they go to the government and they say, well, you need to print more money
because otherwise everything's going to collapse. And it's such a miserable
design when you think about it. Compare that to DeFi where if you have a coffee shop,
I mean, assuming we didn't have terrible regulation. You know, you have a coffee shop and you like create a coffee shop token
and then you sell that in order to raise money to operate your coffee shop.
And like if you're not able to pay the credit on that,
it just affects your reputation and the value of the token goes down.
You know, that would be much more flexible than like you default and
you lose your house and everything and you're on the street. And the same thing with banks, right?
They default and the whole bank closes or they get bailed out by printing money, which creates
inflation. And, you know, it's something I wanted to, that I've been thinking about, like, look at
the cat, you know, you look at how, how well Bitcoin has performed. If you want to see something that's really crazy,
look at Tether. Like, yeah, I know it's always worth a dollar, but look at the market cap of
Tether and how much capital inflow there's been into Tether. It's like $120 billion
under management right now. And just like, keep in mind that that's money
flowing out of the banking system. And this is this is like, also, it's flowing out of like the
third world, right? You know, the third world, those other currencies, you know, the smaller
currencies are really, really a lot more risky. People are dumping them, you know, informal
markets going to tether and the tether guys, they're putting that in treasuries, which are
yielding 5%. And then they're plowing that 5% to Bitcoin. So that's, that's accounting for like
5 billion a year net inflow into Bitcoin. I know Bitcoin is huge. Five billion is not significant, but
it's like guaranteed money into Bitcoin. And like, how big is Tether going to get? You know,
it could get to be like a trillion dollars. Like we could actually imagine a future
where the biggest single buyer of. government debt is Tether.
Like Tether could even could even like we could imagine we could replace the Federal Reserve with Tether if we just didn't have to bail out the banks every time they screw up.
You just have Tether whenever the federal government wants to print money, want to create bonds, like Tether either buys them if
there's an appetite for them, or they don't if there isn't an appetite, in which case yields go
up and the government has to pay more. There's a lot of things that can happen. DeFi is very
powerful. And there's a lot of fat that can get cut.
You know, I mean, those bank buildings didn't just build themselves.
You know, there's, there's fat in there.
Yeah, usually when I think of this question, I think about not whether they're like a similar concept, but I pose this question to liberals or more likely leftists who are against,
certainly against crypto a lot of times, against capitalism, and they want to go back to this.
There's a similar feeling of wanting to go back to a simpler time. And I push back against that,
time. And I push back against that, even as someone who feels like they're on the left.
We need to, what do you call it?
Go to a more complicated time.
Go to a more complicated time.
Yeah, really. I mean, we need to improve our financial system and make it better, not go
backwards and that just won't work.
So, you know, the whole, you know, you got to get out there and vote and everything. Yeah,
that's great. Do that. But, you know, if the money is still flowing the same way,
the same people are going to be in charge and in control. But speaking of DeFi,
Speaking of DeFi, I see layer one is here, thank you.
You guys have a chance to take a look at your question.
I think DeFi is a really important part of all this because the efficiency and speed
in which people can transact and move money around the world with crypto is enhanced obviously through
DeFi. So Enrique, do you have any thoughts on that? Yeah, man, of course, totally.
Actually, I got into Everrise because like Caleb was saying, he made a good analysis.
For example, my case, I live in Venezuelauela it's a country that you know it has a
high rate of inflation crazy so uh we we saw many of us saw like okay i can put money into
you know bitcoin and if it is uh i don't know 50 percent deep doesn't scare me when you have you
know 100 000 of inflation or something like that so So it's like kids' games or something like that
when you see a dip of 50%.
So you start seeing how important it is to have
to centralize finance when you see institutions
like the banks collapsing
because when you have things like inflation,
hyperinflation and all these things,
you see that banks cannot increase
their rates, their interest rates that fast.
So you cannot put a 1,000% increase in rates in a month.
So banks started to collapse.
And it was like, OK, I had a Visa card, a black card.
I always tried to have the best one.
And it got to a point where right now my Visa card is $1.
I have a black card with $1 in the limit.
At some point, it was a lot.
And I was able to buy three you know, three, four cards.
But right now it's like a dollar.
And I go to a place and I want to spend a dollar.
And they say, what are you going to buy?
And you see these things and it's like, of course, there needs to be another thing out there that, you know, so you get to know Bitcoin and you start to see DeFi and start to see, OK, now we need to find good tools that you know so you get to know bitcoin and you start to to see d5 and start to see okay now we
need to find good tools that you can use uh to to understand d5 because many people are going to
try to get into you know altcoins not just bitcoin or you know low caps or whatever they decide
because they see potential and it's like okay so how am i going to buy a token on pancake how i'm
going to buy a token i don't know how i I going to buy a token? I don't know.
How am I going to go crushing?
You know, all these things that for people that are called by some normies, they won't understand.
So you need to have the T-apps and you need to.
And when I saw that on EverRise, it was like, okay, this is great.
These guys have something that, you know, we can swap from Ethereum, Phantom, Avalanche, Polygon, and BNB.
And, you know, I have money.
I have USDT on Phantom, and I want it on Polygon,
and I can swap it without any problems.
Or, you know, having something like Everrepo,
because security is really important.
When you adopt DeFi and you adopt crypto as a saving method
or as a growing method, it's your money. So exactly it's DeFi,
decentralized finance. So in that case, you got to protect yourself. And you see some people that
still doesn't understand this. For them, it's a gamble. But if you make $10,000, $100,000,
whatever you make in crypto, millions, if you don't keep them safe, if you don't know how to use, you know, a cold wallet
which is a second layer of security,
because someday you can just wake up
and you click a transaction
or you interact with a bad contractor
So it's really, we're really early because i talk to these people to do these things about other people
to other people and it's like they don't understand even bitcoin many times so when i come to explain
these things like hey you need to buy you know polygon and what you need is Matic and you do it this way. It's like, or, you know, you go to base and you use Ethereum as a main layer.
And it's like, what the hell are you talking about, man?
You know, they don't understand anything.
So that's why we're early.
But I still have my neighbors asking, like, how can I buy Bitcoin?
You know, you shouldn't have it on a centralized exchange.
You should do this and this and that.
So it feels really good because we are like,
I feel like these bear markets have helped a lot
to get to know good people in the space,
people that have been really working.
Because if you survive a bear market,
it's because you want to be here.
And in that case, I'm really happy for what is coming
because we will be able to help others to get into DeFi, to get into crypto and to be able to.
I'm not talking about the gambling aspect.
You know, there's a lot of that and luck and all these things.
You got to do your research.
Still, there's like that.
Central banks print money, inorganic money.
And, you know, it's like, OK, we need more money because people cannot buy the same, I don't know, hamburger.
So we need 10 bills of one so we can pay for that.
And if you don't do it, then, you know, so it's like a blackmail. And it's like, OK, we need 10 bills of one so we can pay for that if you don't do it then you know so it's like a blackmail and it's like okay we need to print more money
so once that happens then you have money being thrown in the garbage because it has no value
while other things get value valuable in in that currency so you know it's like to me it makes
total sense it's something that goes hand to hand.
And I have found a great place to be in DeFi and crypto because I think it is the future.
Yeah, I'm really glad you brought up.
I'm glad you're here because you brought up a good point.
My evaluation of this question is very America-centric.
But you're talking about in other countries.
Yeah, I mean, you have banking problems and inflation problems in general.
Crypto can help a lot with that.
And if you can include everyone in the banking system, in a type of banking system, you know, get everyone
banked, get everyone the money flowing and everything, then you can facilitate, you know,
that your political revolution, whatever it might be, much more easily. So yeah, that's like,
I guess a big part of this question that I miss just being in America and thinking about our problems.
And speaking of interoperability, you were talking about a second ago,
layer 1X is here, perfect timing.
Would you like to introduce yourself, your project,
and then if you have thoughts already about the topic,
you can give those thoughts, and if not, ask questions.
Yeah. Do you mind repeating that question really quick and then I'll do my intro.
Yeah. So the topic of the space today is will a financial revolution outperform a political outperform a political revolution? Yeah. All right. Good topic. I like that.
My apologies. I had a meeting run way late,
so I'm kind of late to the game. So I apologize, but thanks for letting me come up.
Hey, everybody. My name is Cody. I am the Chief Experience Officer at Layer 1X.
Layer 1X is a fully decentralized, bridgeless interoperability blockchain, layer one.
And we've built our own virtual machines and consensus, which allows us to basically connect to EDM and non-EDM chains, like I said, bridge-less.
is that we can move not only assets and give the users the ability to own their and retain
control of their assets through the, we'll call it a bridging process for now. Unlike other bridges
where you have to give up custodial rights to your assets that you're transferring, with us,
you own it 100% of the way from A to Z.
Likewise, because of our interoperability technology,
we're able to go a little bit more granular
in the sense of being able to communicate
We can move data and we can also move logic as well.
So yeah, our whole goal is that we're not here to compete. We're actually here to help
unite all of Chainz's projects and Web3 users so that we can create that seamless user experience
that we're all kind of envisioning of that Utopia Web3 experience we all want so um yeah um so back to your question um
yeah i definitely think that there is going to be um i i think a financial shift in that respect i
think that uh i i'm with you i'm here in the states as well and uh you know i i think that with any form of
uh regulation government control uh type of stuff there there are tendencies we'll say
for corruption and and many opportunities for that to not only control and manipulate markets but also to
facilitate things that may not be in the best interest for the unique individuals and
obviously is if if you follow the us or live in the us you know that some of these people can definitely be bought and and lobbied
and uh influenced to make uh certain laws or uh position things in a certain way to benefit
the one percent um and i think that uh crypto is definitely a great way for us to
Crypto is definitely a great way for us to take back a little bit more of that control, allow us to basically level the playing field, remove the questionable ethics of certain things by decentralizing a lot of it, removing that middleman where there is opportunity for emotion to come into a lot of the decision
making processes as well so are we going to be fighting an uphill battle yes absolutely i think
that's across the board no matter what country you're in. I think that there's going to be a lot of regulatory
type of influence that's trying to step in and bolster themselves in a way that
they try to intimidate and control. Unfortunately, we're seeing that here in the U.S. with our friend Gary over at the SEC.
And, you know, I think that a lot of it has to do with if you're like me, I have C-SPAN going on in the background because I'm very interested on some of these committee discussions on crypto. And it's amazing to me, just even six months to a year ago, how many of our
representatives that were called to be on these communities have absolutely no freaking
idea how crypto works, what it's intended for. I think it was the previous speaker that
was talking about, you know, education and basically trying to understand what crypto is really about and that
it's not necessarily just a rug pull it's not about pump and dumps it's not about scamming it's
not about this if you look at the the crypto currency aspect of it that is just the tip of
the iceberg it's the first real use case that use case that we brought to market with the blockchain technology.
And I think that there's many different markets that are still or industries that still can be tapped into.
And being a layer one, it's awesome to participate and to speak with a lot of different projects that
are looking to really solve some real world problems from real world asset projects to
lending and borrowing protocols to uh you know payments making payments easier making the bankless
it's easier making the bankless experience possible.
And so we are definitely on the cusp of a new shift in generational ways of doing things, in my opinion.
Still early to the game, but it is definitely making waves with a lot of people that aren't in crypto as well, but it's our part.
It's for us to kind of start educating those people.
You know, I think of the technology curve
that a lot of people experience
and a lot of them are not early adopters like we are.
And you can see that every cycle
that we go through with crypto.
New crypto enthusiasts come in and we just keep growing and growing.
And that's a great sign that we're definitely on to something.
The truth is, I don't think you can have a political revolution without a financial revolution because everything comes down to money.
Money is how you control a population.
We see that here in America, we see that in many different countries, and the big gap
between the rich and the poor and the absence of the middle class.
And, you know, that's how you control populations is keeping people poor
and keeping people rich and then utilizing money to lobby
and to control the people at the top.
to control the people at the top.
And, you know, crypto is the first kind of,
the reason why people, governments are fighting it
is because it levels the playing field
for average, everyday people.
When you can make a million dollars off a meme coin,
that changes the game and changes the playing field and changes what's possible.
So you have to go disrupt the financial systems
so that you can actually be impactful at a government level.
Yeah, Josh, you bring up a good point.
Yeah, Josh, you bring up a good point.
You know, I was making a comment the other day to my wife about how I don't know if you are in the U.S. or not,
but I'm getting a lot of spam text messages from all the political candidates and stuff like that in on my cell phone I didn't sign
up for them I didn't want them and my my phone numbers are on the do not call list registry and
stuff like that and it's interesting because if you look at the fine print on their emergency
and political people are the only ones that are immune to to uh excluded from that uh that act that was passed years ago right
and and it's interesting there as well as like if you look at um you know the gambling uh laws that
are in the us as well there's only certain places that you can gamble and it's interesting that uh
is that you can gamble and it's interesting that uh you know that they they allow that kind of
stuff to happen but you know they they look at crypto as a bad thing right um and it's just
because in my opinion it's how much freaking money they're making off of tax right and so
if they can't tax it it's bad if it's they can't control it, it's bad, right?
And so I think that a lot of people are starting to wake up to what you were just saying there, that things are being controlled and that we do give up a, quote unquote, a lot of our freedom for peace of mind or convenience, right?
And so, yeah, 100, a hundred percent agree with you
on that comment. Yeah, definitely. And I'm in the U S and this, you know, the whole political
system is a total sham. You have to pick a side and, um, go along with either a Democrat or
Republican and, um, everything else doesn't have a chance because those parties
control the system and control the media and control the narrative. And yeah, there is no
kind of independence. You can't be an independent thinker. You have to get in line in one of those
parties. And if you don't agree with either of the parties, then you basically sit on the sidelines and don't vote. And yeah,
it's a huge problem from the political standpoint. And that's all just controlled by the media,
the narrative, the money, and it trickles all the way up, all the way down.
and it trickles all the way up, all the way down.
Well, a big problem is that it's not even that we,
you have to support one or the other.
You have to agree with one or the other.
Like a lot of times, like I might agree with what the quote unquote Democrats are saying.
It doesn't mean I support the Democratic Party.
It's because they're not practicing what they preach.
Well, if you don't agree with them, it doesn't matter because you have to pick a party because
one of them is going to be president. So you can be an independent thinker and sit in your,
you know, your house in the hill off the grid with a tin hat on, but it doesn't matter because
the government is either run by the Democrats or the Republicans. They're either controlling the presidency seat or the House or the Senate.
And that's just how this country works.
You could say, I don't agree with the Republican Party,
but I do care about abortion and women's right to choose.
But that doesn't matter because you're either for the party or against the party. And so that's the big problem with this country and the way that
these political systems work is you can't be for some of it and not all of it if that party is
what's controlling the votes and the policies that are being passed in the country.
And I think that that's the big problem with especially the US.
I can only speak for the US because that's where I'm from.
But I think that crypto and blockchain
give some of that power back to the people.
And that's the movement that's happening.
And we're still so early.
And, you know, there's still lots of scams and lots of bullshit in the ecosystem.
But there are really impactful projects.
And that's why I've been so passionate about Packet is because this all has to sit.
All communication comes over the internet. Now,
you know, we're not listening to nobody subscribes to cable unless it's on their Hulu. Um, everything
is going over the internet. So if you're not creating internet sovereignty, if you're not
creating an avenue for, um, for people to communicate without being censored or manipulated,
There's no future for it.
And so that's why this project is so fundamental and important.
It's not just that you only have two choices.
It's worse because when it comes to everything that really matters, they always agree.
And they always agree with each other and side against the people.
So, I mean, in the space of politics, my opinion, the only thing you can really do is vote for your local mayor, your local sheriff.
You know, the places where you actually, your vote can count, depending places where you actually your vote can count depending on
where you live especially and um number two is uh lobby to disempower the federal government like
you know it would be ideal if the federal government would be like as
disempowered as like nato so you know you only don't even care about it most of the time
So, you know, you only don't even care about it most of the time.
I want to give EnviroBlock the floor here to have a chance to jump in here.
Yeah, I would say we're, I guess, we're not DeFi, right?
We're D-Pen, which is Decentralized Physical Infrastructure Networks,
which is kind of this whole class of blockchain projects,
which is what attracted me to IoTeX in the first place,
the layer one that we're building on top of,
because they had this term called machine phi,
where you're getting rewarded for your data.
Someday when machines are running the economy
and they're all running off of our data,
you should be rewarded for that data that is being stripped and and made for profit right so um that's kind of this whole concept that iotex kind of launched with and that we have
kind of built into our ecosystem is really rewarding the user back for their data you know
um our end goal is to be able to monetize your data,
but we've got to grow to get there.
And Web3 is an amazing tool to be able to build a community
and be able to reward someone for something that they're providing you
to be able to grow and scale off of.
So I don't have a back story in finance.
Mine's mechanical engineering. So it was a very interesting
conversation to be able to hear all this. I feel like if we were, we're not really disrupting any
kind of narrative or anyone, I think we're adding value that's largely unseen to the individual
homeowner. But really being able to introduce this whole new concept of being
rewarded for your data, you know, just keeping it that simple.
And, you know, eventually long term, as we as we grow and scale and the raw data becomes
valuable, we'd like to monetize that.
And then, you know, for us studying homes, we'd love for you to be able to get on Zillow
And, you know, this house is eBlock certified, safe and efficient, you know, and that's kind
of our whole use of blockchain and kind of our vision.
But the data and the finances and the financial end of it kind of go hand in hand over time.
You know, you keep hearing data is the new gold.
You keep hearing data is the new gold, and we strongly believe that, obviously.
And we strongly believe that, obviously.
But over time, as machines, you see the rise of AI, as machines kind of take over and run a lot of the day-to-day, a lot of it's going to be off of our data.
So kind of returning the power into the hands of the people and a reward for your data kind of, kind of a strategy is what we're building.
So just want to throw that in there, our kind of different angle on it.
I love the concept of what you guys are doing in the real world.
I've worked for a couple of different smart devices, home kind of things.
So love what you guys are doing there.
World of opportunity for sure.
Yeah, 100% agree with what you were saying about being able to monetize people's data
off of Web3 from an individual level.
Wholeheartedly agree with that, like putting the power back to the individual.
But I think it even goes a little bit further than that. It's also allowing the user to choose
the data that they share with the different protocols that they go into, the different
projects, being able to still have some layer of ambiguity there in the sense of if I connect with a
particular project I don't need to share all my assets that I have in my wallet per se right
I only want to see let you see certain ones that maybe are needed to allow me to interact with your
project or something like that.
And then on the other side of that as well is that I think that for us to start making
this happen with the data, but not only the data, but to help influence the regulatory portion of it as
well, kind of going with the theme of this, is that we definitely need to come together
and collaborate to make those foundations that everybody can utilize.
I personally don't feel that there's one project out there that's going to come up with the solution.
I think that it's going to be a collaboration of many projects across Web3 to set the foundation,
the standard, I guess you could say, of what it's going to take for us to start building out those
digital identities. I think that it's also for us to show the world the government
you know things like that that hey we can self-regulate ourselves we don't need regulators
to step in and tell us how to regulate ourselves um because of the hidden agendas oftentimes but
in agendas oftentimes, but if we're going to be in the wild, wild west forever, working in silos,
working to try to duplicate the same issues that we're trying to and problems we're trying to solve
on an individual level, we're not going to get anywhere. We're just going to be stuck in the
mud spinning our wheels. And that's where we really need to, I guess you could say, set egos aside, set pride aside, set our ambitions
aside for fame and glory, whatever it might be, and really just come together and just get the
shit done. Really. I mean, we've been doing this for how long and we're still we're kind of making headway, but we're not in a way.
That's like I said, back to the ethos of what we're all about is just trying to unite everybody.
And one of those underlining factors is so that we can start collaborating more with data logic and creating that seamless experience so that when new people come on,
it's so easy for them to adapt to what they're used to and kind of get introduced to crypto.
But on the flip side of that is make it easy
so that these regulators and governments can see
that it's not all just scam, scam, money laundering, blah, blah, blah, blah.
It is truly we're trying to solve real world problems
and make it more efficient.
Yeah, but also, you know, equal opportunity.
Let the people scam each other.
Yeah, I'm actually glad you brought it. It's an interesting tie in interoperability and like the fact that
people aren't quite working together and yeah the whole uh putting aside your ego thing um
a lot of people want to create their own thing right and we want to we want to have the solution
with these nonprofits charities everyone has their own little thing going we need
to come together and I think interoperability and crypto in general
kind of brings all under one roof and slowly can slowly push us towards not
one agenda but you know one moving moving as a unit uh pushing all of
our goals as a team united vision yeah yeah and a lot of us have different you know uh beliefs and
everything but at least we can all push together at the same time with the same tools and interoperability and crypto is a
Also, with the politicians, you mentioned showing them, you know, X, Y, and Z. I used
to work for Cointelegraph and I would do some interviews with some interesting people.
And I was talking to the coin fund ceo and he
talks about how he always goes to talk to politicians a lot of these big guys are always
talking to politicians um because i guess if you get rich enough that's the last person
you need to convince um and he said you know walking, like none of them have any idea what's what crypto is
or what's going on. There's a bunch of old guys. They may have heard of it, but they
really don't even know much about it. And yeah, Gensler, I'm sure he knows plenty about
it. But a lot of politicians are out of the loop and they hear, yeah, they might hear,
oh, it's a scam scam it's money laundering
and maybe some it is but there's plenty of money laundering going on in the half ways intimate way as well so there's really a lot of a lot of angles here
we're coming up to the last five minutes i want to see if any of the speakers have any last minute
I want to see if any of the speakers have any last minute comments or anything they want to say.
I'll just jump in right here first.
Appreciate you having me on.
Speaking of Deepin, well, speaking of I brought it Deepin, if anyone's going to be in Austin for Consensus at the end of this month would love to meet y'all just throwing that in there plugging it um a lot if you want to hear
more about the real world asset um and this deep end uh kind of concept and narrative there's a
couple awesome events going on the week of the the 28th 29th um for consensus here in may but
love this conversation the this is a full revolution, as y'all said.
We don't try to get our hands tied in anything like that because we're not on the DeFi space,
but like I said earlier, we're all about trying to bring an unseen value, bringing you back value
to your own data that you're providing in the first place so i think the kind of narrative of being rewarded for your data is going to grow more and more um but you know the d5 revolution
has kind of launched this whole this whole space to begin with you know um dpen is kind of bridging
the real world to the blockchain and we believe that's kind of the the next wave of onboarding
hopefully the the final mass wave of onboarding to the blockchain and Web3.
But we're all about rewarding you for your data,
and we see a lot of potential and a lot of ways for that to succeed.
So I appreciate you having me on.
Yeah, I'll just jump in real quick.
I'll actually be out at ConsenSys, so let's link up, just reach out to me
on X. But yeah, I mean, if this topic is important to you and inspiring to you,
get involved in the packet community. We're focused on creating a sovereign part of the
internet that really supports disruption, decentralization,
and giving the power back to the people.
So I encourage everyone to jump into the Discord.
And Packet is currently trading on Mexi and also on Bitmart.
Yeah, I love the conversation, Kurt. Thank you for inviting me. Actually, we need more
conversations like this in the space. It's not about chilling projects or anything like that.
By the way, go to everrise.com and learn about all the awesome DApps, but no, just...
But I love the conversation because I think this is the future.
I mean, this is giving access to people, to financial systems that, you know, many of us
probably wouldn't have access to stocks, but we have access to crypto. It's really easy. So
the more people that know about this, about DeFi and all these things, more people will get to use
them and we just need to help them, you know, to help DeFi grow.
P-K-T and everyone in here.
Nice to meet you and follow you all and see you next time.
You tried to say it in Spanish.
The one thing I know in Spanish is numbers and letters and hola.
Yeah, so I went by our blog, we had EverRise, layer one.
Oh, that's okay. Yeah. Thanks everybody for coming today. Really quick before we go into
the sort of PKT and network steward last comment, I will say for anyone listening,
if there is any space cadets here, the code coordinates are X771. All right.
this is the end of the space, guys.
I want to thank everyone for coming.
chat a little bit between
with the PKT community, but
for everyone else, you know,
and hope you guys enjoyed the space.
Feel free to hang out for a bit.
So just some updates on my end.
Yeah, so we have uh michael ruble i showed you guys in the marketing channel uh that's coming
uh probably today and we have an article coming out today as well
so we'll be able to show that to you guys in the discord hopefully you know that shows some
some good results uh really been you know i think people are a little concerned of token price but
i think that this uh youtuber is pretty huge the article is pretty huge. The article is pretty huge. And I'm really glad to get some good results here.
As far as the old initiatives that we put in motion a while ago,
some people in the Discord have been asking.
It's tough sometimes when I put in some requests or put in some things
and they don't happen right away.
I think I showed you guys some DMs that I've been getting back.
And, you know, Forbes is backlogged.
TechCrunch, our guy that we knew there is on holiday.
And, yeah, there's a couple other hang-ups,
and it's just like, wow wow we couldn't catch a break
on any of those um but i think since then we've had a lot of stuff happen especially with the
the alpha groups and everything so um definitely going to keep working on that as far as this week
um you know there people are talking in the in the chat about the other proposal and
here's the thing like i know that
it you know it's i understand that you know my opinion is has some importance and if i delegate
my tokens to someone else that would make some kind of sense but at the
same time it's hard for me to feel comfortable to take someone's decision and move it somewhere else
all I can say is that I completely support that the website initiative and you know it
it would be great a week or two to have Dimitris I see in the audience be good to have him
create what he's going to create I know he's done stuff in the past so
uh one of the things about me being network steward and I know I've mentioned this here
and there briefly in the past is that you know I don't necessarily need the funds to keep moving. And a lot of times I'll use a few dollars
of my own before I sell, or, you know, I might wait to sell until the price gets better. And that's,
you know, I think a slight benefit of having me here is because i can have that flexibility just
use my own money sometimes not necessarily what i'm supposed to be doing but i think
i'm really just trying to you know make everything work and um you know not have my presence
holding things back you know i'm saying so welcome to the club we all been using our own
funds for five years yeah well i don't i don't i'm not like necessarily losing money i i will
pay myself back i'm just saying that like there's a flexibility in how um how i use it because i'm definitely not gonna gonna use lose money but um yeah so again like i i want to
say that i fully support what he's doing and i encourage people to vote for him um if you do
want to vote for me and keep on seeing the things that i'm doing, then I will do that. I'm here for the people.
Well, Demetrius is right here in the chat,
so maybe we can put him on the spot and make him present.
I don't know how Twitter stuff is.
I just invited him to jump on.
I also think it's one thing that the community should be aware of.
It's like, you know, marketing is only as good as the products we have to market.
So currently, you know, we have what we have, you know, as far as utility and as far as, you know, apps and, you know, different things that are within the ecosystem.
And having the tool, new things that come about for us to promote helps with marketing.
So it's not like Dimitris comes in and is the network steward for a little bit,
is going to take away from our marketing.
We're still going to take away from our marketing we're still going
to be pushing our marketing initiatives it's just not going to be as you know getting big
placements like what kurt has been doing with these big youtubers and getting big articles
posted um it's going to be on a kind of more neutral level similar to how things were before Kurt became the network steward and so it's just
giving Kurt more tools to do what he does and I think that is important especially at this phase
of the project obviously everybody should make their decision of what they think is best and
that's the cool thing about the network steward boat. And we should give
Kurt as many tools as we possibly can. And if this is a tool that will help, you know, the narrative
and also get people to start using different utilities within the ecosystem, I think that's
also very important. Yeah, I just want to add to that really quickly. I totally agree with Jeremy.
And one of the pieces that I feel has been missing from the packet project to date is a widely available utility such as the VPN. And up to this period, the VPN is functional only within the Android app. And not everybody
has an Android. And also not everyone uses VPN on their phone. A lot of people use it
on their desktop. And currently, we don't have the VPN accessible for those platforms.
And I think that's disadvantaged the people that use iPhone in particular and people like myself who does a lot of VPN usage on my desktop computer.
a lot of VPN usage on my desktop computer, even more.
I think even though I'm definitely a mobile first user,
I probably use a VPN just as much, if not more, on my desktop.
And so I was really intrigued with Dimitri's, with this work because,
and this proposal, because I really feel strongly about what we need to do to make it possible
for people to have access to the packet VPN on their computer and on their phone for that matter.
So in nearly every device, I'd be surprised, it's probably just operating system dependent,
Nearly every device, I'd be surprised, it's probably just operating system dependent, but nearly every device, you can enter in a custom VPN.
If you go to your network settings on your phone or on your computer, you can actually create your own VPN by entering in essentially like the VPN coordinates.
And so I think it could be incredibly impactful, will be incredibly impactful to have PacketVPN able to be added to any device without relying on an app.
on any device, we'll get more people utilizing the network, which is obviously what we want
to see. And then from a marketing standpoint, I feel like that's incredibly powerful
opportunity to promote the project. And for people who may not really know about or get
into the weeds on what Packet is or what what it represents they could still be using packet vpn uh because everyone wants a free vpn i mean even if you don't know
that you want it you do um vpn we're seeing a lot of vpn apps that like i've been using proton vpn
forever um they just paywalled it and made it so that you can't choose your VPN exit.
And, you know, VPN is not that expensive, but you're still entering in your credit card and
becoming a customer. Sure, you can buy a VPN for two, three years. Some of them are even,
you know, close to free, a few bucks a month. But yeah, free VPNs,
free VPN. And we'd love to see tens of thousands or hundreds of thousands of people using
Packet VPN because it's free. And so that's why I was really intrigued with the work that Caleb
and Dimitri has been doing for a long time, I mean, years, to get to the point where they could
even take on a project or Dimitri could
take on a project and have a deliverable within a matter of weeks.
So I'm really intrigued by that.
And the website thing is something that I've been talking about and asking about and pushing
Like even before I hardly knew anything about PKT, it was like, this is something that I thought was really important.
Dimitris, you have something to say?
I guess the, for anyone who has seen or maybe has not seen the proposal, I guess the idea is bringing the two together is not just the VPN, if I may add, but is more broadly speaking access to the packet CJDNS network.
That, as you rightly said, currently is we have that ability only through Linux and Android.
So yeah, the idea is to offer access to Windows users, iOS users with phase two of that,
that and also make what we have done already about the websites with Caleb on the VPS side
and with UNOhost so people will be able to access the cgdns the packet network from you from, you know, hopefully wherever. So it's just the start.
There will be more, of course, need to be done, but I guess it will be a rough start
to have the network be much more inclusive and accessible for users across many devices
and operating systems. That's at least the idea and hopefully get people building sites more easily on the network.
I'm not sure if I should go through the whole proposal,
but I guess if anyone has any questions, feel free to ask.
Yeah, just go through the proposal, Dimitri.
People can log off if they're not interested, but it's an incredibly impactful opportunity
and obviously a lot at stake in terms of best interest for the community at large. Okay. Then, yeah, I've broken it down into three phases, three main objectives, let's say.
So the first one is regarding the UniHost application that has been already released,
but we had some issues and it was, let's say, shelved for some time
because our priorities have changed.
So now I want to go back to it
with an additional software that we built,
the CGDNS proxy and make it basically work better
specifically on the Raspberry Pi for now.
And also do the new documentation that
is required for that. That would be phase one. Phase two is what we were talking about
before providing packet network access to Windows and not only to Windows users. So basically we are updating the current packet server
that we have to be able to support any VPN client.
So Android, iOS, Windows, Linux,
you will be able to set a custom VPN, connect to it and gain access to the
packet network from there. And obviously, that will be, again, with documentation. So anyone anyone could set up their own server as well and plan of course to set up, I don't know,
one or two maybe servers initially for testing and free access.
And as I said, provide the documentation as well for users to access and the phase three is the most let's say challenging and
technically which is how we can make uh let's say domains work uh in a way so it's a combination
So it's a combination that how you can be able to access a website within the CJDNS network, but using a domain.
To simplify and not go into technical details that may confuse people.
These are currently the proposal for that.
And also create a domain. Yeah, let me. Yeah, thank proposal for that. And also create a domain.
Yeah, thank you for that.
Yeah, I wanted to talk just quickly about domains
because there's a few important opportunities
within the packet ecosystem.
And obviously the best interest
of the network is for more people to take action and operate the different parts of the network.
There's not a lot of incentive for that right now, but I'd like to see that emerge. And I'd like to
see more people in the community taking the initiative to operate these different parts of the network.
And those different parts are running CJDNS nodes.
We've been doing everything we can to make it clear how people can take that action, what you need to do to run a node.
If you have a rowdy device, a cube or a mini, it automatically is running a CJDNS node, so that's pretty cool.
And if you look at the CJDNS map of the network, you can see the array of all the Rowdy devices,
hundreds of Rowdy devices that are out in CJDNS land.
And the second piece is running a vp on exit there's been documentation
created on how to do that uh that's another important part of the infrastructure of the
packet network and then the other piece that what was built actually a long time ago is the route
server uh Caleb runs a route server and there's the opportunity for other people to run route servers
in the network those are essentially uh devices you know that are helping route traffic within
the network um the network doesn't require a lot of them but if there are a few of them that's great
and and people could take the initiative to do that I'd love to see there being an incentive for people to take that action as well.
And then the piece that Dimitri was just talking about, which is DNS and being able to resolve
to web URLs within the network.
And there's an incredible opportunity for people to acquire .pkt.
And maybe, Caleb, you can go into a little bit more detail on this, but domains that obviously we can't invent a new prefix right now, which is .pkt,
You can do other prefixes and people can own those.
And on the DNS side, this is an important part of constructing the network.
And so eventually we would want to see a lot of people taking the initiative, acquiring domain names, and serving up those domain names within the network itself.
And I'd love to see that incentivized as well.
Right now, it's a little bit nebulous how to do that. make that much easier for people to outside people or community members to take action,
take ownership and, and participate in, in helping operate the DNS within the actual
packet network itself. Caleb, do you want to go into a little bit more detail on what that
would look like? Okay. So I think a lot of you guys are probably familiar with like um
unstoppable domains or ethereum domains or namecoin uh and actually i understand we're
gonna have a call with unstoppable domains uh next next call so that that'll be really cool
because i want to talk about this with them um thing is with all these blockchain domain systems
they're not really available to the general public.
You've got to install software in order to resolve one of those domains.
So if I register cjd.eth, my grandmother can't go to cjd.eth and see my website.
And we've been talking about, hey, we should have .pkt.
And I was thinking about like how do we make it, you know, unstoppable but also make it so that anybody can use it, you know, as a person visiting a website. So what I came to was, why don't we just have people in the community register PKT.whatever domains?
So like, yeah, I have PKT.cash.
You know, somebody should register like, well, you're PKT.world.
Like, somebody should register like PKT.I don't know, every country code that exists.
And once we have those, then point all of those domains at some name servers also run by the community.
And the name servers will just resolve every subdomain of those, whatever's registered on the blockchain. So right, like,
if I register cgd.pkt on the blockchain, then if you go to cgd.pkt.cash, it'll go to my site.
If you go to cgd.pkt.us, it'll go to my site. If you go to cgd.pkt.world or whatever,
it'll go to my site. Now, for me running pkt.cash and Ivo running pkt.world, we have to make sure we don't have any subdomains that we're already using.
But if we can make that not a problem, then we can make the whole subdomain space under the pkt.whatever domain available so that people in the community can register those domains.
really unstoppable. They'll be unstoppable because to take one of those down means you have to make
like dozens of phone calls around the world to all these different registrars and tell them
that you want to take away that domain because somebody's running like, I don't know,
because somebody's running like, I don't know, tornado cash dot PKT, you know, and that's,
that's like, that's real unstoppable, and it's available to everybody. So that's, that's something
that it's kind of like boiling on the back burner right now. And I think that that's how we should
be tackling blockchain domains, just to make it so that everybody in the
world can resolve those. They just have to put like whatever name extension at the end. So anyway,
I think that you like the action that people can take now is to just go register a PKT dot something domain, preferably like on a small registrar in a small country
that's far away, that's hard to go after, right?
Like we want as much jurisdictional, what's the word?
We want it to be as diverse as possible so that there's like a million phone
calls to make in order to get one of these sites taken down.
You know, that's the idea of unstoppable.
I have a question, unless someone's speaking right now
Ken, is there a partnership angle with unstoppable domains?
But I mean, I think that we should maybe like literally hash it out on the phone on the
You know, they're doing it.
And, you know, yeah, maybe we can scratch each other's backs here and help each other out.
Yeah, that would be cool. try to talk to them because part of, you know, part of my goal with these spaces is to start
getting bigger and bigger projects to, you know, come in and chat with us and then, you
know, chat them up and try to try to get some kind of partnership going.
Because I think one or two good ones can really help us out a lot.
Might want to get back with layer zero or layer one, layer one X.
Someone in the, in the comments said something interesting about a cross chain
swap for PKT on layer one X.
That could be really interesting, like helping them, helping us with interoperability.
You know, we, we have suffered a lot from the fact that we're, we're an old school blockchain. And like the whole world has kind of gone over to DeFi. And we're we just don't have the integrations, you know, somebody can just spawn a token and instantly they're on a dozen different DEXs. And it's so easy. And we have to do everything slow and the hard way but um yeah i mean layer 1x could
definitely uh definitely be quite interesting for us and i was meaning to talk with them last week
but um stuff got away from them and then stuff got away from me and we just didn't connect so uh um
yeah this is something we need definitely need to discuss at some point.
Well, they seem pretty excited, Unstoppable Domains ladies.
So, yeah, let's talk to them and try to get a good space next time.
So, you guys heard me talk about coordinates.
I incorporated PKT into this Galaxy campaign loop that includes a number of other projects.
And it's sort of built to funnel engagement between all of them.
So, you know, PKT will start seeing some very regular new members
coming to Telegram Discord.
And the good thing about Galaxy is they are real people.
They're, you know, human verified.
Doesn't mean they're all necessarily, you know, buyers or anything,
And the coordinates are for that initiative.
And I'm gonna be pushing that even harder
to make sure next space is even bigger.
Last thing, I hooked up with a project from,
And we've been talking for a while
and they're moving forward and they're gonna send me a huge, huge email list.
I've been doing email campaign in the background.
But it's an old email list.
I'm going to get a new email list from this guy.
50,000 past buyers of their token.
So I'm going to put that into motion as well,
regardless of Network Steward votes.
So on the topic of Network Steward,
I mean, obviously there's 100 million votes behind my name.
So I figure it's worth it for me to sort of explain
my thinking to the community.
I think I am going to change my vote.
And the reason why is because I've heard, I think,
three arguments in favor and no strong argument against.
And so I think it's worth it for us to try something new for at least a week or two
in order to and then we'll see how that develops.
Yeah, again, I think we definitely need the website thing.
And also, especially with the price where it is,
I think, and the things that I'm waiting on,
I think this might, having someone else's NS for a week or two could give me some comfy breathing room.
So we'll see how it goes.
And it gave me some more ammo.
And yeah, and then when I come back, I have more ammo.
come back have more ammo it's quite interesting how um the lectorium algorithm kind of like
creates uh it creates consensus it forces um forces people to come together you know
because the the delegation aspect and you can you can even run and delegate at the same time
aspect and you can you can even run and delegate at the same time
yeah it's just interesting system you created i think it's um is it is it like brand new because
we you know the only other voting system that i've encountered was like you know ranked yeah yeah
no it's uh this has never really been done before so uh we're learning about it as we use it. We're
learning about it in practice as we use it. I'm actually, I need to complete a small paper to
explain the uniqueness of this voting system. But it is, yeah, it's never been done exactly like this. I mean, you could emulate this by using like Condor Save Voting or like a Schultz system and then just tag each person in a stack of votes.
But this exact algorithm is wholly unique.
starting to lose the crowd here a little bit
is there anything else we need to go over real quick
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