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RAC FM 🦝 Meets Stakit and Mr Mush 🍄 #indastudio 😎P/by Alphagrowth
Recorded: April 22, 2025 Duration: 0:59:00Space Recording
Short Summary
In a lively discussion, Mush, CEO of Stake It, reveals the upcoming launch of their innovative staking rewards platform for ordinals on Bitcoin, highlighting its potential for community engagement and growth. The conversation also touches on fundraising efforts, partnerships, and the importance of user experience in the evolving crypto landscape.
Full Transcription
Thank you. Thank you. Good afternoon, Rock FM. Our guest has not showed up yet, but I just want to make sure
that our sound is good. Robo, how do I sound? And do I need to go on my regular um pfp no yeah you're absolutely 100 no no i was giving you emojis darling i didn't want to take
getting away from you you know oh there's nothing going on yet so um mush already said he's gonna
be five minutes late so oh that's okay so like uh i had i had a bit of a joke for you uh i've been waiting for this one
but uh so i saw your dm right so which one wait a minute what we're gonna do are we gonna do like
a proper beginning when he comes in yeah yeah when he comes in we'll just we can just scrape
we can just scrape the rest of this let me get out on my balcony then give me give me a minute to get out on my balcony
but i've got a joke for you oh there we go there we go right so i saw your dm there right about the
wine no you're damn about the wine and the you know right and i was like i was and i was dying
to say i was gonna wait for like red eye and finn to be there and I was going to wait for Red Eye and Finn to be there. And I was going to see it. I once asked Beybanz how much she spent on a bottle of wine.
Guess what her answer was?
30 minutes.
You know the hell with you, bro.
We're going to get a guest on.
And we're going to talk to them.
I've been waiting to pull this one on you. I know. I've been waiting to pull this one on you.
I know. I've been waiting to pull this one
on you for ages, right? That seemed like a perfect
time and I was like, all right, okay. Just to get the show
started, but is our
guest here, yeah?
Yes, he has arrived.
I just sent him an invite
and let him hop in
when he's ready.
This is your best audio for weeks
I know, I was kind of worried
So I know exactly where I need to stand
In my great room
So that it works just right
Did you share the tweet, Beybanz?
Share this space with us?
I'm pretty sure it popped up already on the share
Did you share it though? Did you share it from RackFM though? I'm pretty sure it popped up already on the share
i'm pretty sure but i'll double check he's uh here's your friend uh hello moshi
yo what's up barry how you doing i'm not bad g i'm not bad it's nice to speak yeah i always love meeting uh b-bans as friends it's pretty cool mate but i let i let b-bans yeah i'm not bad j i'm not bad it's nice to speak yeah i always love making baby bands as friends i it's pretty cool man but i let i let baby bands yeah i'm
just there's support but i'll have a chat with you in a bit all right sounds good i'm open for
anything guys people or no people don't it don't matter to me i'm just cool to hang out it's like
hey we're totally that's awesome and i'm so glad that's like that's what i love about you just
super chill no problem at all so listen, I wanted to make sure
that if we could share the space out, that would be awesome.
And I wanted to also ask you a couple questions
about Stake It, that, you know, your project,
but I also wanted to let you know that
I kind of want to talk more with you,
see how your like travels in the web 3 space have been you know
over the past you know a few years and stuff and what you've been up to and stuff if that's okay
you're gonna i'm cool with it all again i'm cool with it all my only concern is i'm gonna call you
by your real name that's i've had to practice that's why i was late i had to practice
guess what you don't even really know my real name.
Whoa, I know the name that you don't want me to call you.
Oh, you do?
Oh my God, Mush.
Yeah, I know your name.
Yeah, you're good.
Don't make me say it.
I hope you can't.
No, no, we're good, Mush.
Just slow down.
I'm getting nervous.
Okay, so just for context, you guys, I used to do spaces back in the day.
And I didn't know.
I could only see B and then Bands.
And I'm dyslexic.
And I know B-Bands' real name.
And I used to call her by her real name by accident all the time in spaces.
And she'd always be like watch you gotta stop
like i'm sorry so um that's kind of the joke of it i guess
but yeah no i'm open book i'm an open book b bans whatever you want to ask whatever you want to talk
about um you got me for at least like 45 minutes so whatever you want to chat about. And I just want to let you know, this will go up on Spotify and, and on podcasts.
Everywhere.
Everywhere.
Google podcasts, iTunes,
the Spotify, which is under,
it's literally the website is ragfm.org.
Takes you straight through.
It's got all that.
We've just, we've just clocked over 200 shows,
Mushy.
So we're pretty buzzing about that.
Like we've got 200 shows
Recorded, 202 now on all streaming platforms
So yeah, mate
What a privilege to have you in the studio, brother
And a way to get into this, right?
You know, B-Bands do our Good Morning Rack FM
Wait, I want to make sure that I don't say it backwards, okay?
Don't tell me the right way to say it, though, okay?
Good morning, Rack FM. 69.420 coming in your ears five days a week, right? There we go. There we go,
guys. I did it right. Today's guest is Mush, Mr. Mush Official, and he comes representing the
Stake It Live project, and I kind of the stake it live project.
And I kind of wanted to talk about that.
I want to talk about how much has been doing lately.
And if Barry keeps laughing at me,
my voice is going to start quivering because I'm going to get nervous.
Lovely, lovely beginning.
Lovely beginning, darling.
It couldn't have went any better.
But yeah, man.
So they bands like you
know the dude and i don't because you've never really mentioned them really uh even though
been hanging around for three years bro she's like she's like uh like treats you like a mushroom
right like she just keeps you in the dark like and then feeds your and doesn't
Rack FM. He's one,
tell you about right fm and that and to come out and hang out with us but never never mind
I consider him a very close friend. We've been doing spaces for a while. He is very, very well
read. I think that's how I'm supposed to say it. But anyways, he'll be asking some questions too.
But maybe if you can kind of first tell us about this project that you're working on
real quick and then i kind of want to talk about your journey after so right now you're working
on stake it i'm going to put it in the nest and then kind of like let me know what your involvement
is you know what it is and i was going to try to use the beta testing but i'm having an issue with
our chat so i think we're just going to have to use discord and we can talk about yeah that's fine
yeah no worries we're also changing the beta test too i just scrapped a whole bunch of stuff on the
site so um what what stake it is is if you guys have been in the ecosystem for a little while
you've either staked an nft or staked a token of some sort right that's what we are we're staking
rewards platform but we're on the ordinal side of things. So the Bitcoin side of things,
we're in our beta tests. Like you said, we have things like an item shop, raids,
staking, raffles will be coming next. That comes out. You can stake for off chain points,
or you can stake for BRC twenties or runes. We where a software is a service, so we don't give out any of the rewards.
We just give the companies or the projects the software that they need
for the utility so that they can give it to the ordinals.
So it's pretty much like, you'll see when you log in,
it's got like an item shop where like projects, like let's say it's Space Skellies.
Space Skellies can give away ordinals, NF nfts tokens the whole kind of nine yards hello
um sorry i'm walking the dog and he's chasing after a lady um but yeah so that's what we are
we're an ordinals rewards platform we do look at branching out and doing a little bit more stuff as
well but right now just ordinals rewards we're free to use we take a dollar on each claim transaction or stake and that's how we make
our money and then the rest kind of just goes back into the project so that's kind of where we're at
um we are in like private beta at the moment go ahead beth okay so basically
oh man i'm. I tried to practice.
Okay.
All right.
It's all right.
Go ahead.
So Stake It is just basically you're taking your ordinals, putting them on the platform, and if the project is involved with you guys they're rewarding them for essentially holding
their nfts not selling them that's correct so like okay the easiest way i can explain is like
you look at space kelly's you know how they have staking you know how they have like raffles and
stuff like that we're like that but we're just the devs that give you all of that and it's you use it
through our our site to be
able to do it and it's like an application if you will so it gives the communities nft communities
ordinal community raffles item shop so like you can do on-chain items or off-chain items whether
it's like pokemon cards or it's an ordinal or it's an nft or it's some tokens we're pretty much just a utility for projects on ordinals currently but we
will be branching off to nfts later all right okay so if i took my if i if they if skelly
starts working with you i take my space killies that have i got some super old ordinals just
sitting there throw them on there and they can just chill and gain rewards.
Yeah, and then you can get rewards for whatever EJ gets you.
And if EJ wants to do like a raffle, then you can use those rewards to enter the raffle.
Or you can use those rewards to buy like an item that he ships to you.
Or there's a whole bunch of stuff that projects can do or founders can do to help support their
community including like the raids right so like if you're participating in one of space skelly's
raids you're getting rewarded for that through our site as well so it's just about yeah so it's like
any kind of interaction that's happening on our site you're getting rewarded for from that project
and then we also have statistics which shows you everything so like
let's say you had your space galley staked for like two years ej can see that ej can also see
like if you've done raids or if you've bought items or if you participated in raffles so it's
really a way to look at your community and be like okay who's actually supporting this community and
who can we reward and who can we reward
and how can we reward it and then you have the actual data to go off to do that as well
okay so what um before we go into the other stuff what made you decide like okay i want to
get this platform going are you are you building this platform or are you outsourcing that building to someone else?
No, good question.
We have our own in-house devs.
We have our own indexers, even our own code.
Everything has been built in-house.
Yeah, I hope that answers your question.
But yeah, everything's been built in-house.
We don't outsource.
We haven't outsourced really, I don't think, anything.
All of our devs have been brought inside and worked with us.
And then what I do there is I originally, I guess I started as an advisor.
Then they brought me on as CMO.
And then I did that for a little bit.
And then they pushed me to COO.
And then now I'm CEO.
So it's been a long journey to be honest with you.
But we're so close to like actually like pushing and sending this out.
So I'm actually really excited to see the ecosystem try it.
All right, cool. That's interesting. That's super interesting.
I wanted to start kind of digging into like maybe your past projects and stuff.
But before I did that, barry do you have any
questions and red eye um my sweet sweet secret bear if you have any questions as well before i go into
that so let's say that you know we'll hit some replays with this we always do and then obviously
we've got all the replays we get on the streaming platforms i mean there's bound to be like i'm in
the category of these people but there's bound to be a lot of people that like who's this dude you know what i mean so if we just
talk like project project project you're gonna really get to know like someone not what makes
them tick so uh what do we call your mush or mushy mush yeah yeah mush like mushroom but no room
are you i've heard i've heard you're partial uh a little bit of shroom, aren't you, bro?
Is this recorded? Yeah, of course it is. Yeah, I like my shrooms. I like my functional mushrooms, and I do believe that psychedelic mushrooms have a big play on a lot of people's mental health,
but not everyone's. Oh, I eat. I try to eat like button mushrooms you know button mushrooms uh like
every other day at least like they're like the steak of the the the fungi world i would say for
one of the better word but i brought some more shred so much mate like i didn't want your life
story obviously just uh talk us about your crypto journey like when did it first start like are you
old proper old schooler or what uh i want to know about your crypto journey like when did it first start like are you old proper old schooler
or what uh i want to know about your crypto journey that's brought you up to the day to
this point where you are now and then also i just want to quickly ask you about like the ordinals
and if it was a an ordinal pull or a bdc back pull kind of thing so start this off mate on
you you would like crypto journey if you don't mind? So the first time I bought crypto was a long time ago to use on a site called Silk Road.
I was not the best teenager, if you will, and I found a way to get stuff that I wanted for cheaper.
stuff that I wanted for cheaper so I started using this site called Silk Road. That was my
So I started using this site called Silk Road.
first experience and probably the only experience that I had with Bitcoin for another 10 years.
After that I got back into crypto in 2019, 2018 maybe. I'd have to go back and look and see when
I bought SHIB but I bought into SHIB and then SHIB went crazy and I was like,
oh, there's something going on here. I got to relook back into this stuff.
And so I looked into it, I started learning about smart contracts,
chains, all the different chains, why they were different,
how some of them were good for certain things and how some of them weren't good for certain things.
Then I started looking into
NFTs. And around this time, I was having a really rough
part in my life. And I started experimenting with small doses of psilocybin. And it completely
changed my outlook on the world. I was very depressed, just just being forefront was very
depressed. And the medications that the doctors were giving me weren't working so i tried an outsource um before kind of like you know going down a worse path
uh they helped me out a ton and so i started an nft project uh based on helping other people that
were suffering like me that didn't have those type of resources because in canada you can get approved
to go and do it right you just have to try
everything like you have to do ECT you have to do x y and z before they'll even like look at
approving you here so I was trying to figure out a way to make that easier for people
and I ended up partnering with a biotech company and a whale here in crypto and we launched a project that unfortunately
didn't do too too well as much as I wanted it to that's for sure it didn't
do too too well I ended up getting leaving the team will say in a nice way
ended up leaving the team and I went back and started doing construction
believe it or not I was kind of tired of the crypto ecosystem crypto space and all the long hours sorry guys i'm walking my dog at the same time here
all the long hours no we love dogs we love dogs here and that's all right yeah he's my little
beauty lives in thailand so it gets very very loud over there with the muslims in the background and
uh the motorbikes zooming past his head while he's trying to communicate with you and yelling at you.
I've never I've never been there. I'll have to go check out Thailand sometime.
But yeah, so I did that project. Unfortunately, it didn't work out.
I went back into construction because I honestly I was just sitting, you know, for like three years doing crypto full time.
And my body went to shit
um i think even b-band said to me i was like b-bands the one time i met her in person like
how old do i look she's like you've definitely experienced some life i think was the nice
yeah that's okay i thought it was funny no no you're good it's you're good you're good i thought it was hilarious um that was like me you and johnny outside uh
remember that crazy thing that happened where i'm not gonna say who it was but he was like
i just saw this guy in the back of the bar he had a bunch of pills and i grabbed all his pills and
he put them in his mouth and he's like and i took him and then somebody with us was like
well that's a really fast way to get raped.
I don't think I was there for that one, but I don't remember that, but very possible. But yeah, so then after that, I started, I just wanted to do, I wanted to kind of just do my own thing.
I was in the spotlight a lot in the bear market for when I was in Polygon and felt a lot of pressure.
So I took some time off and I went and did construction to pay
the bills um and then shortly after Steakit contacted me and I was advising them because
the guys that were starting it were friends of mine so they were always calling me for advice
so I was just advising them and then like I said I went from advisor to CMO and then they needed a
COO like somebody to run operations between the devs and
the marketing team and then they became CEO because now we're going to do our raise so they
need somebody to go and chat with all the investors and all that kind of stuff and take care of them
and so I'm kind of wearing multiple hats like as an entrepreneur usually does um you know managing from twitter spaces from writing documents from
you name it i'm kind of doing it content creation and i kind of do anything
jack of all trades and web3 for sure yeah yeah like the swiss army knife yeah you like the web3
swiss army knife hey bro did you see you canadian yeah
yeah yeah yeah yeah i'm out in canada how is that working out for you recently are you all right so there or what oh yeah so far so good i don't know it's kind of cold but it's getting nice out
again so i'm excited to go fishing i like fishing i don't know personal stuff about me i like fishing
and uh i like my dog i don't know
i like hanging out and i like having fun and i kind of miss twitter spaces
you guys know i used to do twitter spaces like 24 7. um and i just haven't been in them in a long
time so i wanted to say thank you you guys also for inviting me and having me come up here and
just chat because like yeah no pressure no nothing like that so i was just that grateful to come and chat with you guys so any questions you guys have here dude are you happy about this
51st state crack or not because i like i mean i if i was canadian i'd be i'd be like shut up man
you fool you know what i mean funny at the same time i'm in the spot where he's trying to get it
believe it or not like the first hang on here my phone's about to die come on let's go back
um you guys can still hear me right i can't see if i'm unmuted yeah we can hear you yeah okay so i
kind of bore it because i don't like the canadian government i haven't liked the canadian government
in a really long time i think trump is smart um i just don't know what their play is like it all seems like market manipulation to me
um it could be like new world order shit but to be honest with you i really have no control over it
and so i'm just kind of watching from the sidelines and trying to make money while it
happens if that makes sense so like it's kind of funny that you bring it up because even you know how they do the g7 conferences or meetings that they do the next one is actually
here in my fishing hole those fuckers they're gonna come and do it here in alberta where i
normally go fishing and it's funny because if trump was able to get one place in canada
it would be alberta and then s Saskatchewan would follow then probably Vancouver
because it's the coast it's interesting it's almost like he's playing risk but like a financial risk
rather than like a war war. Dude you've got some good picks and rb bands is waiting with some very important questions i've
got one thing you're good you're good you're good one one quick thing for you mush uh by the way
mush my name is actually robo but uh i have to go by barry because robo got banned for like life
from uh twitter so i'm uh i'm covert bro uh i'm in the hood not but you said earlier I liked your joke about the dark
earlier and mushrooms you're in the dark all right in the dark and just feeding your shit
you know what I mean not telling you about us lot we should be hanging around we should be buddies
bro now man quickly though just it's a very short answer for you uh the project what attracted
you right which angle was it like the fact that like obviously ordinals are kind of i'm not saying
backed by btc but there's that correlation there obviously or was it actually the fact of like
ordinals and the technology like what got you on board or was it both it was both and at the time
there was really nothing happening on ordinals
we've been building for a long time bitcoin's hard to build on um the real reason why i jumped on
board because obviously these guys pitched me the project um and i said to them i don't know if i
want to come on unless you do this this and this i'm not going to go into full details of what it is.
But they agreed.
And so that's why I came on because I was like, okay,
this is an actual utility that the whole ecosystem can use if it's done right.
And I'm willing to take that risk.
Plus I get to work with my friends.
So it was kind of like,
why not take one more risk in crypto before I just go and take like a nine to
five and just trade,
you know? But no, I was, the Ordinal's ecosystem is small. It's very similar to Polygon too,
where everybody kind of knows each other. And I do, I am more bullish on the fact
that you can actually store the data on Bitcoin compared to an off-chain IPFS centralized source.
As we get closer to this AI craze, quantum computing craze, all this kind of stuff,
I want to see this system, our system that we're in become a lot more decentralized because there's
going to be so much data that's taken and stored to the point where, and I know everyone's like,
oh, no, I don't care. I've got no secrets to hide. But the more data people have on you, the more they can manipulate
you or do things to you without even you knowing. Um, so I'm really bullish actually on like
decentralization of some of these apps, decentralization of the AI and decentralization
of like data, if you will. Um, but yeah, sorry, none none of my none of my answers will probably be short answers
because it's just how i am but yeah i hope that you're i'll tell you what listen you're a cracking
guest uh you wouldn't believe this but i'm actually like an english professor right so like
i teach people about like uh public speaking and all the time this is like all I do is me mean full-time job right I would tell you this is
how I live here you are an extremely like very very quickly we've got good friends in the room
very you're very warm and it's quite easy to like get along with you very very quickly and I knew
that if you're a friend of B-Bands you're a friend of the show brother but yes mate i'm gonna hand you over i love the fact about this i've got to be
honest here i had a little go on that uh the ordinal's uh l2 was it stacks or something right
uh ages ago i had a little but i just did a little test and then didn't really do anything
uh maybe because being so ingrained in like Cosmos proof of stake, blah, blah,
whatever, I've never, ever really done anything like honestly with BTC,
like with ordinals, et cetera, like the connection of the two of them.
And so to me, it's very intriguing and interesting to listen to.
And one of the best descriptions I think I ever heard is like,
you're getting david
beckham's signature on a dollar bill uh when you talk about like you know sats and and the inscribe
and blah blah blah how it works it's uh it's very clever uh i'm i'm fascinated by it but i've never
used it because obviously i've been in crypto like five years now and obviously studied you know both
proof of work proof of of stake, etc.
So I'm loving this interview, dude. You're an excellent guest.
And at this point, and our B-Bands is going to come in.
She's got some right zingers, bro, man.
She sent me a good Google Word document today.
Like, I was like, it's not an interrogation, man.
You're not the FBI woman. You're a fed.
First of all, Barry, F off, OK?
I'm trying not to curse. And you're making it really freaking hard
Okay, Ming?
I'm only joking, darling
I'm only joking
I know, I know, I know, I'm joking too
It's just like my strong voice sounds like I'm not joking, right?
Like I'm coming at you
Oh, Mama, Mama
Mama B bands, Mama B bands
Are scary, we all know, know we're all on notice 24 7
so um you mentioned earlier that the other project that you were in which i really i
thought was super cool i thought the watching the video of the actual like
um mushroom like in a background it just looked so cool.
I liked the whole premise of it.
The whole idea of it.
I liked the, you guys were going to try to do like a, weren't you guys going to do like
a psilocybin thing where everybody had like guided trips and stuff like that?
Yeah.
So how it worked was you, you minted your NFT and you got a capsule.
And after you got your capsule,
you were able to choose if you wanted a male or a female NFT.
And then when you would stake those,
you would get other NFTs.
But these NFTs, one was an,
these were actual psychedelic mushrooms that we 3D scanned and then put into
blender. And then we had them travel down through the stem as they wrapped around.
And then they took you into an animation. So what, what you were supposed to do was stake
and then get your, your mushrooms. And then there was different realms, if you will,
or different worlds. And you would combine one mushroom with the four other realms and when you did that
it would upgrade your nft based off of the experience that that nft had so it's kind of
like when you take magic mushrooms you go on a little trip and you come back sometimes you're
different same kind of thing but you're able to choose if you wanted to keep that asset change
or not the there was pure traits and then there was extra dimensional traits and
the rarer they were or how you combine them you had a chance of getting them the project never
got that far to the combination part i believe they ran out of money before they could get there
um just recently they did an announcement that they were closing the project down for a while
i think it was forever but um i did go and talk to the team and be like, hey, we should look at maybe doing something with this.
So I took a snapshot because, you know, I learned a lot in that project and I didn't want to see it die.
I wanted to see it help people.
And it did.
It donated, I believe, I think it donated close to 30K and paid for four people's psychedelic treatments here in Canada or in Vancouver.
So in a way, it was a success.
In another way, the project wasn't a success.
We still have all the art.
We haven't even released all the art for all that one because you weren't able to do the upgrades.
I don't know if the upgrades will come back like that or if it'll just turn into a community i'm not sure all i know is
i have all the assets and i'm looking to redo something with that project but i don't have a
timeline for it because i'm just so busy and i don't want to i don't want to commit to something
and then decommit because something else comes up that I have to take care of because I'm so busy. So I'm kind of on hold.
You don't want to overwhelm yourself.
Yeah, and I'm already really busy, but I do want to see it come back because I don't want to see that like a rug, right?
And shortly after we launched, the problem with that project was the dev that we had didn't go through the code properly.
that we had didn't go through the code properly.
So when you would go and you would take your pill
and you would choose a male or female,
there was an error in the code inside the smart contract
that you could bypass
and you can actually pick which one you wanted.
So you could pick the rarer ones.
And so people were taking the rare ones
and then selling them for like, you know, 300
because the rarity was so high.
We ended up reimbursing those people
and stopping the contract and redoing the whole contract.
And we lost quite a bit of momentum when that happened.
And then after that, I shortly left the team.
Yeah.
And that's kind of is what it is.
But I'd love to see that project come back because it was literally about helping people.
And the art is really good.
And that's what I told the artists when they were closing the project down.
I messaged them.
I said, dude, the art's too good. And that's what I told the artists when they were closing the project down. I messaged them. I said, dude, the art's too good.
You guys can't close it down.
Just send me the files and we'll take a break and we'll come back to it.
But it'll probably just be a me thing running it with a new team.
So I'm not sure.
But there's probably something coming with it.
But I just don't want to promise anything.
I just would at least like to get the full art out there to the community at bare minimum and hand it over if necessary but
yeah do you have you sound like you've got lingering oh sorry no it sounds like he's got a
bit lingering like regret about the project uh b-bands you know what i mean like if you've been
involved in projects and like the rogue or do this or do that, whatever, something happens as a bug, like you're bound to like feel like afterwards, like, oh, I wish I could like, you know, do something or right motion that you most like probably feel inside you that you want to kind of, I don't know, take care of the community or just, you know, I don't know, whatever.
I don't I don't know like a
A lot of people invested into that project just because of me
Do you know what I mean? And then me
Getting off the team shortly after it launched I think really affected
A lot of my relationships
And kind of took me back a little bit because I put everything I was like I put everything in that project
Dude, like I worked like I was barely getting paid and i was doing like 18 hours a day sometimes and just like
grinding because i just wanted to help like my motivation was to help people and that's why i had
all this energy to go out and push push push push push um and yeah so the ending of it was kind of
shitty for me and it was a rough time. So there's still emotion behind it.
And I still want, I just don't want to let it die.
You know, I don't want to let it die.
Like it was such a good idea and such a good project.
And it was just a fail, fail, fail.
And there was just minor things that, you know, you live and you learn, right?
And it's turned me into the person that I am today with the knowledge that I have with helping projects or advising projects.
Because I know everything not to do now, if you will.
And I know what to look out for and what to double check for and how to market things properly and when things should be marketed properly.
So I definitely learned a lot through that experience.
So it's close to my heart, if you will.
And that was the first project that I was able to start traveling and doing conferences.
And, you know, I got to meet Paul Stamets and a whole bunch of stuff.
So it was really, really a cool time in my life.
And then shortly after that with Stake It, I travel a lot too.
Like I've been in Singapore, Tokyo, New York, Miami, Toronto.
I fly all the time with stake it now.
So it's kind of cool because you get into crypto and, you know,
I took a risk because I used to work in healthcare before I went full-time crypto.
And kind of worked out in one way, kind of didn't in another way.
But it's definitely, I could definitely write a book, Barry.
I could definitely write a book with the experiences that i've had and that's one thing that i think
dude i'm listening i'm sitting here listening i'm thinking i really appreciate this guy's like
openness his honesty uh his integrity and like you know obviously you know it's never easy to like
not show remorse but just to show like bit of humility and a bit of this.
I mean, I didn't want to like drag that out, but that was, I appreciate that.
So I kind of just want to make a comment.
I feel like Mush understands what the true currency is in this crypto space, in this space.
And it's like your word or, you know, like you're going to say, you're going to do what you say. You know what I mean? That's what the currency is in the space and it's like your word or you know like you're gonna say you're gonna do what
you say you know what i mean that's that's what the currency is in this space and i i feel not a
lot of people understand that that's all you got is your word here because this is like decentralized
you know nobody can promise you anything or give you anything but you know essentially their word
and then once that's gone you what What else do you have but trying to
Be alone and do trades
Be alone and do trades
Online by yourself you know
That's why we're still together though
I mean look it's like nearly a year
Ago that you know
You could have quite easily say like walked away
You know from RagFM right given like
The shit but and it all turned out to be like exactly and you just knew was being like in you and it's it's it's that
it's it's uh genuine like you know being genuine and being you is probably the like that's the
currency because people will gravitate towards people who the
know are being real and like, you know, genuine. Anyway, B-Banz,
I don't know how long we've got. I know you've got some bad questions,
but we've got red eye as well, you know?
I know. Let's, let's, um, let's get red eye in after this quick question.
Um, you've learned a lot from this, you know,
from your travels here in the Web3 space.
And what is the lesson you feel is like the biggest lesson that like has helped you grow?
Like, you know what I mean?
That's like one key lesson that you're like, okay, this thing right here, this was a turning point.
This is what I've learned and this is what's shaping my approach on projects now
oh my god there's been so many to be honest with you i've made a lot of mistakes yeah
yeah i've made a lot of mistakes i think you know i got i'm just gonna go to like the advice that i
always give new people when coming in
and that's just learning the technology and then learning how to dca and take profits
because i think a lot of us come into this space you know and we're like oh i'm gonna put a thousand
dollars in or a hundred dollars and i'm gonna become a millionaire in a week right um and then it starts going up and
you're at a 3x or a 4x and you don't sell because you got to become a millionaire off that or
whatever it is you got you need life-changing money which it can definitely happen in this
space for sure um but the safer bet i find and i had to learn this myself was to DCA on the way down.
Right.
Because I bought in last bowl.
Like I think I bought in again,
last,
like pretty much last bowl on Solana.
Like when I first started buying Solana,
it was like over 200 bucks.
And so I DCA all the way down even to the $8 and 12s.
And then I took profits on the way up.
But I would just say like,
if you're a project founder, live by integrity.
Live by your word.
If you've made a mistake, say you've made a mistake.
We're all human.
It goes 10 times further if you come out and you're honest than not being honest and try to lie about something and get around it.
The best thing you can always do, I think, is to be honest when a mistake
happens. And yeah, just be yourself. Like you guys nailed it with that. Like be yourself. Like
there's so many fake people out there and so many people that are afraid just to be themselves
from ridicule, fear, bullying, whatever it is. But I mean, you're unique for a reason and people pay for uniqueness so like be yourself
have fun like live life like i i don't know like life can be shitty but keep going um also don't
over allocate like don't like one mistake that i did in the beginning uh was i put all of my money
into crypto and so i still had to pay bills. Right. And so I'd have to sell.
And there was times where I put money in and then I'd have to sell like two weeks later because I had to pay bills because my payment was late or whatever it was.
And I slowly dwindled my bag like that.
So I wouldn't I would say don't over allocate your funds into it.
Make sure that you're just putting a little bit in here and here and here and there if you're investing not financial advice by any means because this is
recorded but this is my suggestion for what I give myself and what I've learned
is DCA take profits do your research don't count on anyone else to buy your
bags because a lot of times it doesn't happen but if you're a project owner
keep going don't stop keep learning Keep learning. Make those mistakes.
Own those mistakes.
Goes 10 times further.
Thank you very much for that, Red Eye.
Do you got any questions?
What's going on, guys?
Can you hear me?
Yep.
Okay, cool.
Yeah, I'm just working in the background listening to this i've been enjoying this um i guess for someone working with uh bitcoin um my my main question is like
what were the what were the founding principles or ethos of Bitcoin that interested you most? And do you think you still align with that
ethos and principle? I work in DeFi and particularly encrypted DeFi, private DeFi.
So I'm curious, you know, what attracted you to Bitcoin in particular? And like,
do you feel like you still align with the ethos of uh bitcoin i would say
i align more with the ethos now than when i first got into bitcoin because i did not understand
bitcoin back then when i was buying it and using it on silk road i didn't get it i thought it was
a scam because i was paying more than the canadian dollar to get like like because bitcoin is like
under three bucks at the time when i was doing it and i thought i was getting rugged and scammed different terminology back then but i would say
my ethos has actually changed right because in like when i first started learning about bitcoin
and how bitcoin worked and the sats and the rare sats and why they're rare and all the whole kind
of network if you will that's when I really started to become more bullish on Bitcoin
and understood why its value was so high
because it just takes the power away from a controlling entity
and gives it back to the people.
And I like that.
And I would say that my ethos or my connectivity with Bitcoin
is still the same in that aspect.
Good question.
I hope I answered it.
Yeah, no, you did.
I appreciate it.
There's no wrong way to answer this.
So I just like hearing what interested people
if there was like some initial poll
that pulled you one way or another.
The data storage.
The way that it's decentralized
and the data storage is
happening and at first i was bullish on it just because i thought it was cool and interesting and
like i just said but then after talking to like people that are definitely way way way smarter
than me about ai and quantum computing and all this kind of stuff and getting this knowledge
i would say i'm more stronger in it now than i was before because i realize how important the dpan is the the decentralization of these apps the decentralization
of these ai agents that are coming out how fat like i i think we're in this huge bell curve
of technology right now and we're just at the cusp where it's about to shoot
from quantum computing to ar to the whole kind of nine yards and crypto is going to be along with it.
Same with like the things that are powering the system, if you will.
Right. So I would say I'm actually more in tuned with it than I was before, just based off that knowledge and knowing how important that is, because if we give up that control, it's going to be really hard to get it back.
Appreciate it. Thank you.
Well, I really, really have been enjoying this chat we've been having with you,
Mush. I think it's it's
been a really great show i right now don't feel like i have any more questions for you because
you've actually your your questions you've you've answered them in long form so like they're they're
answering other questions as well so i don't have as many questions as i thought i had but we got
red eye with a couple more questions And then maybe after that
We can
Well we are
We are going to fire up
A little cheeky after party
After this unrecorded
Because we didn't do the breakfast
We didn't do our breakfast
Yeah
Robo, please only speak when being spoken to
Listen to Mary Poppins
You know our nickname
Our nickname over here
Mary Poppins
Tim Timiny
Tim Timiny
Tim Tim
Wait a minute
Banks have you noticed
I've changed my PFP
No I haven't But you know what I noticed Have you noticed I've changed me? They're going to be PFP.
No, I haven't.
But you know what I noticed?
Red Eye's hand is up.
So let me wait until it cycles through and then I'll see.
Hey, Red Eye, what questions you got from us before we wrap up and go to the after show?
So I'm just consider me a pleb when it comes to ordinals.
I know very little here, but I'm curious for for stake it.
I assume you guys are thinking about this as you know, since it, I guess, started.
But is there kind of like an upper bound for how much stuff you guys can kind of store on Bitcoin?
I guess. Yeah, just there's only so many sats out there, I guess.
So, and in regards to that, like, are there other types of technologies that you guys
are, or blockchains that you guys are interested in expanding this stake at platform to?
Okay, loaded question.
I'm going to try to hit one at a time ordinals are like nfts but instead
of the data being stored on an ipf you know how nfts work right it creates a contract each contract
has an id that's attached to an ipfs source which pulls the image right that's a centralization
method if you will of storing that data, whether it's through AWS or
pumpkin or what's the other one called? I can't remember, but different IPFS sources that store
Piñata? Piñata, yes, thank you. I was trying to say piñata and I said pumpkin.
So the difference is the data is actually stored on Bitcoin in one of those sats, inscribed on the sat, if you will, etched into it like stone.
OK, it stays there forever unless the owner rewrites on it.
OK, you can kind of rewrite on them in a way.
That ordinal, all that data that's there, it costs money to put, or Bitcoin, if you will, to put and store that in the system.
So the bigger the file, the more it costs in Bitcoin to store that image or to store that data.
And the data can be anything.
It'd be text, image, whatever.
It can be all stored off-chain decentralized.
Or sorry, on-chain decentralized.
That's kind of the difference between ordinals and nfts
now these collections they launch there's no cap like there's really no cap you can even do one sat
you can have one sat that's connected to like a whole bunch of ordinals obviously there would be
a cap once bitcoin like runs out and every single sat has been used but that cap won't happen for like i don't know if
it would even ever happen i think the number's like huge but that doesn't that make things start
to be infinitely more valuable the minute that you can't do it anymore the residing property or what
you would call real estate is there right and it's like so the value would only ever go up once the the uh the supply finishes right
surely it's almost like uh it's almost like put it this way like imagine you have a pokemon card
pack that's unopened right that's like one of your sats now if you've opened that pack that's
like somebody inscribing something on it you can continuously open it but i think the value will
stay and by no means it's financial advice but I think the value will stay and by no means
is financial advice, but I think the value will stay in the sats that haven't been inscribed in
because they're brand new or if they were rare, like used on Silk Road or part of the pizza thing,
if Pizza Hut buys this sat or there's marketing plays that they could do with the rare sats, but
I'm pretty sure it's almost intended like it's a huge number
like i don't think that will ever run out plus you can always reinscribe so you could always buy
that sat from somebody and then reinscribe on top of it so the data would stay there but the data
that it shows is the next data if you will well what you're talking about is real estate right
there so we often talk so do we often talk about
block space and stuff right on our spaces and things and block space essentially is real estate
so that that's exactly what you're talking about am i wrong red eye or i mean you asked the question
but is that what i'm getting yeah yeah yeah i view it very similarly to real estate like there's only
so much uh you know there's only so much land so many so
many sets and those ones that are particularly rare you know close to an event uh or someone
you know will have some intrinsic value outside of just the real estate itself which is interesting
you know those markets are always uh behave a little weirder but there's definitely markets for them well look what people pay for
private number plates right like when you want to talk about like markets and
how they work like just look at private number plates for example sorry much
no you're good I was just gonna you can keep going I was just gonna touch on the
fact that like it's also like almost like a mortgage contract so like you
inscribe your mortgage contract on that sat you own the house through that mortgage contract and if you
go to sell it you re-inscribe on top of it so it almost becomes like a decentralized contract as
well you can do a lot with bitcoin it's just slow it's not very user friendly like you were talking
about earlier barry and that's one of the things with StakeIt that we're aiming to fix is the friction between it
because it's not easy to use.
It's not very fast to use, but it is secure, right?
And that's the main point of it.
But yeah, I hope that answers your question though, Red.
And there was another part of your question
that I didn't touch on though, the end one.
What was the last part of your question?
Oh, I was curious if there were other other layer ones maybe other proof of work chains that you were looking to do something
similar on mistake it yes we do plan on expanding and the devs have already started the expansion
process I won't go into exactly where we're going next, but all of that will become
public information. But no, I'm a, as B-Bands knows, I'm a cross-chain maxi more than I am like
a Solana maxi or this or that. I believe every chain, not every chain, but I believe a lot of
chains have their use cases for different areas in the ecosystem and different areas in the like the real world use cases.
And for me, like, for instance, like the project that I was a part of the side of one for me, why I like a community, a tight knit community of friends and stuff is it doesn't matter what chain you're on.
When you have a community community you can always move it
so i don't think the communities will ever die so it's about giving the utility to those
communities wherever they need to go but that's like long-term kind of expansion slash short-term
but no we do plan on being here for a while that's the goal anyways right either be here for a while. That's the goal anyways, right? Either be here for a while or sell a really cool company to people.
It's either one of the two,
but the main thing is just providing those utilities
so people can actually start enjoying that ecosystem
and get rewarded for enjoying the ecosystem.
Awesome, yeah, I appreciate the context
and the information that you shared.
I was curious you know I'm
I'm very much so a privacy maxi so I you know at the beginning of this conversation I was
looking up as like has anyone ever pushed for trying ordinals on Monero and it seems like
99% of the people that use Monero don't want ordinals on the chain. And, you know, there might be 1% that would be interested to see something like this.
Yeah.
So I was just curious on how you guys.
But Monero has NFTs, do they not?
I do not know.
I'd have to look.
I can't remember but i yeah it's kind of like where does the market
need us if you will when it comes to expansion it's not like like we know we didn't reinvent
the wheel we just gave the wheel to to you know somebody who needs it that like you know hasn't
had it kind of thing for ordinals because they they have tech out there now but it's not like a hub like we have um and there's no like software
service staking it's like you have to build it yourself um so we're just trying to make it easier
for the newbies that are going to be coming in this cycle if you will simpler easier less friction
reward your communities as you launch them because as we see in in either bear site whatever cycle
we're in we're always seeing new projects launch or new people coming in and trying trying this
ecosystem out and trying to make it right so a lot of them don't have the resources or the knowledge
to be able to get those resources and utilities out there so why not just make things that have
been out there for a while why not just give it everyone? And that's kind of like the idea behind StakeIt, if you will, was just give utility out to projects that want to use it, make it free for the projects to sign up, and just charge a dollar transaction each time it happens.
So we take those micro fees, and that's how we make our money, and then everybody's kind of happy.
We're more of like a, we're not like a luxury software as a service,
even though our app is very nice,
our UIX is very nice,
and you'd think you'd have to pay a subscription
because of the hosting fees that we're obtaining from it.
But we're trying to be more along the lines of a Walmart,
if you will, where we may be only making a dollar off
off our users that are using our site,
but we have a whole bunch of users using
our site so that's kind of the business model or route we decided to go it makes us money it keeps
us cheap for other people and it allows a lot of people to come in and use the service and then
if we're making money we can just keep expanding right and then it comes down i'm big on like
i don't know everything as much as i'd like to think I do I don't so it's like what do
you guys want so it's like launch this launch this product which will be happening soon next couple
months probably even sooner than that um and when it goes out one thing that I will do is listen to
the feedback like what are we missing is there something else that needs to be simplified is
there a problem here and just making a really good user experience with you guys and locking it down in ordinals and then
branching off to other sections within the ecosystem. That's awesome. Well, we're rounding
up to the hour. And I just want to thank you so much, Mush, for coming on the show, taking time out of your busy schedule to talk with us.
I really enjoyed... Sorry. I got a rice stuck in my throat.
Excuse me.
That's what she said.
Just a little rice.
So, Mush, I can't wait until your project launches.
Maybe after it launches, if we can come back on, we can catch up, see how it's going from there in a couple of months.
That would be really, really fantastic.
Yeah, whenever it be, Bance, I'm down.
You know me. As long as I'm free, I'll be there. All right, really fantastic. Yeah, whenever, whatever, B-Bands, I'm down. You know me.
As long as I'm free, I'll be there.
All right, right on.
Are you going to go to NFT NYC this year?
No, I will not be at that one, but I will be at Consensus in Toronto
in next month, in the middle of the month.
Awesome. Awesome Well It's B-Bands
Robo and Red Eye
Clocking out
I just want to say
Obviously we've been in the DMs
I like this kid
Mosh first time meeting you
Very nice brother
I like the cut of your gym
Let's just say that you're a good kid uh
we we go live pretty much like every day uh either 8 a.m or 10 a.m est most of them are unrecorded
talking like me and red eye freestyle freestyled history for like two and a half hours
yesterday or the day before uh feel free to come and join us bro If you're just looking for a room to come and chat
Like Rack FM's a cracking room
Just to come and chill out
Anyway, that's all I want to say
You've been amazing
Thank you so much Robo
I appreciate it
But I think we should
Wrap up the show
Go on to the after show
And then Yeah It's we should wrap up the show, go on to the after show, and then, yeah, let's cut it out. All right,
guys, thank you so much for coming on. Have a wonderful rest of your day. Bye.
