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The Drops, The Upgrades, and The Bans w/ @qiibeefdn #TheMixUp
Recorded: Sept. 3, 2024 Duration: 0:59:49Space Recording
Full Transcription
We'll be right back.
We'll be right back.
We'll be right back.
We'll be right back.
We'll be right back.
We'll be right back.
I mean, to me, these things just fill up, you know, because I get to yell and scream on these things, it's like a positive affirmation.
You know, there's people who put post-it notes on their bathroom mirror and they're like, you're somebody being great.
This is my moment of that.
I'm just like, I'm staring at K2, but I got other people here as well.
You know, I'm like, maybe just like, look yourself, like you bought this, man, you bought this.
That's how I treat these things.
So, you know, it's going to be a beautiful day.
It's going to be a beautiful day.
It's going to be send it September.
We're going to be speaking it into existence, even though every single sign is pointing the other way.
We're going to talk about it at the end of September.
So, you know, David, my dude, my guy, how are you?
What's up, K2?
Who do we have up here?
K2, Jenna, Gabriel, Graham.
Okay.
All right.
K2, I don't know.
Like, I'm looking at the markets.
Things aren't that exciting.
We're not getting the send it September.
But it's okay because it's not October yet.
A few people were telling me it's going to be September.
I don't know if that's still a thing.
But, bro, Hamster Combat end of the month, like, that's what people keep talking about.
I'm just – so why can they not just delay the day?
One day, September 26th to September 27th, we get a launch on my birthday.
What if I've been saying for months – here's the interesting thing is I – when I openly talk about the fact that I feel like the market is going to start sending on September 27th, it is just a complete total just me talking, right?
But now the crazy thing is that –
What do you mean?
What do you mean it's just you talking?
I took that as financial advice.
A lot of people have.
But, you know, it's crazy because I think it actually might play out that way.
So that's kind of what I'm saying.
I'm saying, like, you know what?
We might actually be in a really good spot come that point.
But it's going to be – man, it's so weird.
I think we got a little bit of a little hangover from August because, you know, I think people just need a reason to be excited, right?
I don't think things are quite nearly as bad.
But I – you know, when I'm looking at stuff on the horizon, it'll be interesting to see what happens.
Like, I just got this feeling, man, that this Trump case – because remember, Trump gets sentenced September 18th.
And with everybody talking about Bitcoin potentially going to, like, $40,000 or $42,000, I have a feeling.
What is he getting sentenced for?
Like, is it something – I know he got found guilty.
Are people actually expecting him to go to jail?
But, I mean, here's the thing.
One of the things that we've learned being in the financial markets, right, we have learned that there's always these strange catalysts.
Like, even though the TA is saying down, you're like, there's no way.
Like, everybody's way too happy.
There couldn't possibly be a Black Swan event that just completely tanks the market.
I think that that's going to be what happens.
I think everyone's going to get happy, happy, happy because the rate cuts and then – and then they're going to be happy again.
That's my take on it because I was just looking at it.
Oh, man, K2.
Hold on.
So if this is when he gets sentenced, like, if they actually sentence him, is he going to jail, like, on the spot or is that something else that's further down the line?
I think there's potential for it.
You know, I'm not an attorney.
I only play one on television.
I have to look into the case a little bit more to understand that.
So I don't know.
I don't know.
Because that would be – that would be absolutely crazy.
I think that's something that could really destroy the markets.
Like, everybody is hoping that Trump gets elected because the main thing that I see on crypto Twitter is that he's the one who's friendly to crypto.
So this is – I don't know.
Crypto Twitter would go wild.
Doesn't he currently have immunity?
Or is that going to –
It doesn't extend to this.
It does not extend to this.
It does not extend to this.
So that was the thing is that the presidential immunity granted by the Supreme Court changed something.
So it could change the dynamic of the cases in other states that he was facing.
And since he was found guilty for this, presumably so, he could go to – he could go to prison.
I think that would shake the markets.
It kind of goes back to the conversation that we've been having is that the overall market, even if you're inside or outside of the United States, have been –
putting too much faith in this Trump presidency thing.
I think this is going to be the moment.
I think just in reading the markets, understanding that we need to revisit certain price levels in order for us to kind of, in a stable way, go up.
And what's interesting is that I think that this is going to be the part that forces it down before we go back up.
Like, if you could point to any one event, it's this one.
So that's just me, man.
That's just me.
I think unless there's other black swans, there could be World War III that breaks out.
I don't know.
I don't know.
I mean, it could be Taylor Swift dropping a meme coin.
That would be huge.
I would even.
But that wouldn't – do you think that would tank the market?
What is it, like, suck the liquidity out of Bitcoin?
Oh, no, not K2.
If Taylor Swift drops a meme coin, I think that has a chance of flipping Bitcoin.
Like, that could become the number one token.
You know, it's – you know, so what would it be, like, shake-it-off token?
Snow cage.
Swifty.
What?
What?
You know how many Swifties there are in the world?
Probably billions.
That's true.
That's true.
Man.
I guess we'll find out how strong the market is if that ever happened.
So, you know.
But one thing I want to talk about – so, Shana, are you joining us on a VPN?
Yes.
Shana's in Argentina, and I'm in Brazil.
I'm not even using a VPN.
You can check the IP address.
The IP address might belong to a VPN server, but they get it from me.
Like, I'm in Brazil.
100%.
David came to Brazil, and then I was leaving because of everything.
But, yeah.
I am in Argentina.
I am in Argentina.
And things have been wild, you know, in Brazil.
We know that, right?
Unbelievable.
I mean, so they basically said X is now in the same category as Telegram.
Am I understanding that correctly?
Well, no, because Telegram is still – you can use Telegram and not be charged with any fee or, you know, consider you are committing a crime.
But now, if you use X, you are committing a crime in Brazil.
So, you have to pay the fine of $8,000.
So, it was my understanding, though, that they waived that fine.
They changed the amount.
So, there is a fine.
We just don't know how much.
I mean, until I checked, they kept that for the same stuff of the $8,000.
I'm not sure if they changed the amount.
I need to check.
But they actually have talked again yesterday about taking off this fine or not.
And once concluded that if X is banned from Brazil, they need to have a fine for those that ended up using, you know.
So, they cannot, you know, take out the fine and have to keep going.
But then, they are changing a little bit on the part of using VPN being against the law, which is crazy because some people even work with other companies that need fucking VPN.
So, they have been discussing regarding the VPN itself.
But if you get caught using X, you have to pay a fine.
And the fine, I even going to check now, but the price was still $8,000, which is just like –
How do they catch you?
What?
How do they catch you?
How do they catch you?
That is the thing.
They're going to catch you if you are a public person or you are speaking openly about the government.
And the thing is very, very funny and very crazy at this moment is that many accounts that were censored during the last election, they are back.
So, we are talking about people with millions of followers, like millions, and they were always like – or even doing jokes or talking about the government.
And they are now back, you know, from life after two years of being censored in X.
So, these people are back.
They are definitely using VPN.
And then the thing that will make these people end up paying fine is because someone from the government or, you know, whatever, will end up going to your house and doing the check.
And then you're going to get the fine.
But, yeah, it's basically – if you get too much attention, you are fucked.
And then they're going to find out.
They don't come to my house.
Like, are you going to – so, the question really becomes is that, like – so, in light of this, because you're kind of a recognizable person.
You have a couple followers on X.
But, you know, the question really becomes, it's like, are you going to start practicing, like, your American accent where you're like, howdy, y'all.
Jana's an honorary American.
She's half from Miami and half from Texas.
Very true.
Very true.
I have gotten many invites from Nigeria as well, I must say, my community, my family.
I mean, to be honest, I am fearless to go to Nigeria because maybe I am so famous there that wouldn't be something I'm not used to, you know.
But –
I would – I know you appreciate Nigeria, but I would not recommend you going there, to be honest.
We're coming up with a marketing campaign.
I mean, me and K2 may do some in-person invites to our Telegram channel and just go to Nigeria and get it in.
It's true.
It's true.
Oh, my God.
There is many events, by the way.
I mean, I definitely would recommend those, but I don't feel would be the best for myself.
But, I mean, to be very honest, I am actually – have not – have not have – I mean, I have never had to think so much and talk with lawyers and stuff,
which right now I am considering maybe becoming a baby and going to Dubai or maybe going to U.S.
because I actually started a process to open my company and doing some stuff there.
So, yeah, I have these two options.
I fear a lot because the U.S. one would take some months.
And imagine if Trump doesn't get elected.
I would get the stuff, the visa, and then I would not want to go there, you know.
Just walk through the border.
Just walk through the border, like everybody else.
Yeah, it's mad.
It's mad easy over here.
You just walk right across it.
It's like it's not even there.
Yeah.
According to Elon, everybody from planet Earth is walking through Donald.
They're coming through the Mexican border.
Everybody from Earth, Donald.
So, you could just be one of those people.
He'd be like, hi, I'm Jana, and then walk by.
Hello, I came from the border.
No, but then you guys will be mad with me.
I don't want that.
I want to come legal, you know.
You've got to remember.
I have to come legal.
You've got to remember.
K2 is in Texas.
I'll just come pick you up.
Like, she's with me.
She's cool.
She's cool.
You know something else?
Something else that's kind of crazy about this whole Twitter situation.
I just saw that Blue Sky got a million new sign-ups, like, because of this.
Like, hold on.
Is Jack Dorsey in bed with Zuckerberg and they're trying to take over the world now?
Is that what this is?
Like, threads didn't work out.
So, Zuck's like, all right, Jack, we're going to come get Blue Sky popping.
Let's go.
Let's start in Brazil.
What's Blue Sky?
I don't know what Blue Sky is.
Yeah.
It's funny in New York.
Jack Dorsey, the original founder of Twitter, he created Blue Sky.
Like, that's his new Twitter.
They got one million people joining them Saturday.
Is this Threads version two?
Nah, Blue Sky is old.
And when they first came out, I think they fell off because they tried to do the same customer acquisition strategy as Clubhouse.
Like, you couldn't sign up.
You can only get in from a referral.
And, like, the hype just died down.
Do you know who started that?
Do you know who started the referral?
LinkedIn.
I thought it was Clubhouse.
Oh, my God.
Dude, come on.
LinkedIn, yeah, but Microsoft owns LinkedIn now, so I don't even consider them real.
Yeah, but, like, that whole, like, invite process, like, even, like, Gmail did it.
Like, Gmail, like, their beta, you know, it's like, you know, it's like two people.
You can only invite two people.
Well, I think that's pretty smart, maybe.
Is that where Web3 gets it from?
Honestly, I wanted to believe that it started in Web3.
But maybe it didn't.
Yeah.
No, it definitely did not start in Web3.
That is for sure.
Well, it got better in Web3 because over here you get tokens for inviting people to Telegram and Discord.
Yeah.
Or it can't.
But it definitely gets better.
I like that.
Yeah, I mean, hey, there's good and then there's bad.
You know, see, I've got my producers behind the scenes that are like, Gmail started in 2010.
I was like, LinkedIn started in 2003.
It is old, dog.
It is old.
Like, Mrs. K2 told K2 how long she's been on LinkedIn.
It has been a minute.
Like, I was on LinkedIn in 1989.
Dang.
David was a better user of LinkedIn.
He was like public enemy number one.
I was on LinkedIn.
I was mining Bitcoin all the way back in 1989.
Yeah, all right.
But, like, and, you know, that's good to know.
But one thing I want to talk about, and this is something that's seriously concerning me.
Not really concerning me, but, like, you know, what's up with BNB?
Like, nothing goes, like, this goes out to the people who are, like, shitcoining out there.
Like, do meme coins, does anything exist on BNB anymore?
Or is it simply just a reflection of CZ's private holdings?
I thought BNB, I thought it was CZ's bank account.
I figured it was going down because he's in jail and he's got to pay commissary.
Like, when you're not working, you're spending more money.
How many cigarettes does that guy smoke in a day?
Look, I mean, look, he's probably got to sell this pack full of ramen.
He's got 69 bags of Doritos.
He's killing, waiting to come out.
He's just sucking down Marb Reds and one thing and eating Red Hots.
What is he, a smoking chicken fish?
Marboro Reds?
Maybe that's it.
Maybe they're talking about going over to BNB and everybody's like, nope, nope, we're
not having a meme coin stay on Solana.
I mean, it might be.
I don't really know.
I mean, I just, I'm trying to make sense of it all because I'm looking at it right now.
Like, BNB's still chilling.
$78 billion market cap.
I mean, I would imagine CZ being in prison.
He can't really do much.
That's a lot of cigarettes.
You know, here's the thing.
So, like, they say that he's going to get out of prison on September 28th.
It's got to be September 27th.
You can't let him out on a Saturday.
You got to let him out on a Friday.
We got to do something on the 27th because we got Hamster Combat on the 26th.
CZ jumping on the 28th.
Maybe we should do our NFT collection on the 27th.
You're going to launch version 2 of the K2 birthday NFTs?
Yeah, we'll throw a party if you're on Twitter spaces.
I mean, I like that.
I mean, we should be like Trump and launch the second version 2 of the K2 Foundation NFT collection.
Remember those banger NFTs?
Ooh, let's do some, let's sell some shoes.
Let's sell some shoes.
You know, Mrs. K2 would love if we sold some of K2's shoe selection.
So, it's now in the garage.
Just all in the garage.
On the shelf.
In the garage.
And you let her do that to you, K2?
You know what, man?
I prefer to sleep inside.
So, you know what?
Hey, whatever Mrs. K2 wants.
Are you a sneakerhead, K2?
I am.
And I am a sneakerhead in the worst way possible.
Like, people ape shit coins.
I ape sneakers.
That's just what I do.
You should tokenize some of those.
You should turn them into RWAs.
I could.
You could, you know, like, I hold up one of my shoes and I'm like, be like Satoshi.
Right?
Like, like Scottie Pippen joins the chat.
Yeah, do it like Scottie Pippen.
Worked out so well for him.
Yeah, absolutely.
You know, Scottie Pippen, like, man, you got me.
You got me going on that one.
But, I mean, realistically, that conversation with BNB, it fell flat pretty fast.
It's safe to say, based on how long that conversation around BNB lasted, that it's dead.
Am I right?
Like, I got all of, like, I don't know.
I mean, is there really anything there?
Like, I've never been in the BNB ecosystem.
Is it similar?
Like, are they fighting for a customer base like Tron does?
Is that the same demographic?
I don't know.
That's what I'm saying.
Good question.
I don't know much about BNB.
Like, I know some meme coins.
I think they do have a few meme coins.
And right when Tron started getting hot, like, three days into it, something happened on BNB, which, you know, probably orchestrated by BNB holders in one way or another.
Because now that's how you get attention.
You get it through meme coins.
But that died down really quick, too.
And honestly, the markets weren't.
Tron kind of died down quick, too.
Like, I don't even know where to look.
You know, it's so hard to tell.
So, because I've been a part of three projects on the core team that went to over a billion dollar market cap.
And the third one that I was a part of is on BNB.
Still is on BNB today.
Market cap not nearly that high anymore.
But we went up to over a billion dollars in the last cycle.
And so, yeah, it's just it's so crazy.
Like, they're still chilling.
They're still doing their thing.
But I don't.
I mean, it's still one of the most formidable chains out there.
I mean, it's the fourth largest.
It's still ahead of Solana, which is not saying much.
It's still ahead of USDC.
So, I don't really know what to make of it.
I think it'll make a comeback.
There's a lot.
Because it's remember, it's an Ethereum fork.
So, it's got a lot of it's built on a lot of solid tech.
I don't know.
Like, that was.
So, back in the day.
And when I say back in the day.
Back in the day, three years ago, four years ago.
Oh, K2, three years in crypto is like 69 years in real life.
Exactly, man.
I constantly, like, point to myself.
I'm 19 years old.
Back in the last bull run, I was 16.
You know?
And now, like, I look like a grown-ass man because of everything that happened.
I've been in crypto ever since.
So, you couldn't be more right on something like that.
But, you know, speaking of BNB losing strength, what's up with Solana?
Like, K2, Solana's fine.
Solana's fine.
You don't got to worry about Solana.
Everybody gets into some shit every now and then.
They will figure it out.
And all of my meme coins on Solana will figure it out, too.
Thank you very much.
I mean, like, Jonna, like, you're shaking your head.
Are you?
Are you saying it's done?
No, no, no.
It's not done.
It's not done.
But, David, with the whole, you know, sentimental that everything's gonna be all right and good.
David, we need to talk again about this thing.
Stop with these meme coins.
Look, my therapist told me that shit happens and you don't win the game if you're not in the game.
This is horrible.
Okay, that's true.
That's true.
My therapist is a G.
Yeah, I definitely want to meet her, to be honest.
But I feel like we definitely, I mean, by the way, we also are getting close to the, what is the name of the breakpoint, I guess?
Solana breakpoint.
Are you going to get Solana breakpoint?
I mean, I don't know.
I mean, I applied to speak because I was maybe trying to get free tickets.
I actually don't, I'm not quite sure if I really applied.
And at this moment, I'm not sure exactly what I'm going to do.
But I saw that Iggy and that other girl that I had no idea were speculating about something big happening on the breakpoint.
So, that is definitely an alpha.
I would buy some modern and then hold and then just sell, you know.
Makes sense.
But you're going to be in Singapore.
Yeah, I will.
I will go to Solanae parties and...
I think I'm going to be in Singapore.
Yes, for sure.
I'm waiting on confirmation.
I think I'll be there and I might be able to, I might be able to get you tickets to breakpoint.
Is that what everybody's planning to do?
Like, is all of the talk about parties and events or are people actually trying to go there to close deals and have important meetings?
Everybody I talk to is only talking about the parties.
I do not go to parties.
David, you know this.
I just go to stuff that is free.
If I appear into a place and then they let me in and there is drinks and food, I'm on it, you know.
And then I start putting the party up.
So, that is my deal.
That is my stuff.
But definitely I go to the events, you know.
I'm going to go to the Tokyo 2009.
I'm going to be there with a coffee in my hand.
And then I'm going to go and be talking with people.
That is basically what I do.
But definitely the hottest moment is the moment we go to the party.
We start drinking and talking with a lot of people.
And actually doing some real shit.
So, yeah.
Basically, party is the overall.
Gabriel, are you going to Singapore?
Yes.
I'm trying to mix both.
Doing deals and partying together.
So, while.
Like Yana says.
Getting a drink and then doing some deals.
Those are the best deals.
When you're slightly busy and have the first few drinks in, then it starts flowing.
It's true.
Well, I mean.
Because it's like.
Then, you know.
Because then it's just like you're actually using your real name.
When you're talking to people.
You know what I mean?
Like.
It's not like fake names.
You know.
Like.
100%.
You know.
Like.
We'll all link up.
And then.
While we're there.
You can.
You can call me by my non.
K2 name.
You know what I mean?
You know.
I'd be like.
Maybe like we're meeting all over again.
Like.
Hey.
I'm.
I'm an XYZ person.
And you're like.
Oh my gosh.
Granted.
My name's not too far.
I look just like my PFB.
My name really is David 10X.
And.
That's how you recognize me.
It's like this little mixie.
Wearing Mog sunglasses.
A few chains.
Than a snapback.
Just walking around.
He actually has long ears too.
And the same color.
Yeah.
Honestly.
And hair ears.
Like the whole.
The whole night.
This is me.
This is a selfie.
Yeah.
It's true.
It's.
It's truly true.
Are you.
Are you going for token 2049 too Gabriel?
Are you doing the whole 2049 to break point?
What.
What dates are you going?
We're doing for sure.
The conference.
During the day.
We have a few bands.
Lined up.
During the evening.
That we will announce.
In the next few days.
Which will be pretty cool.
Looking forward to those.
And.
Honestly.
Just finalizing.
Also a few more things.
Checking out the bands.
As Jana said.
Looking which ones are free.
And which ones have nice drinks.
Some food.
And we can get some.
Nice networking opportunities.
But yeah.
We'll try to.
We'll dare from the.
16 to the.
22nd.
That's actually.
So those are the dates.
That I'll be there.
Yeah.
But K2.
Do you know that.
Actually.
I have.
A lot of people.
I mean.
They find out.
That I'm actually.
I'm a small little man.
And.
I'm not.
This girl at all.
You know.
This is actually.
Brings so many people.
Surprised.
You know.
And they are like.
What.
The fuck.
I swear you were a woman.
I was.
No man.
I'm actually a guy.
You know.
Yeah.
It is.
Amazing.
You're actually K2 in real life.
And I'm Jana.
Exactly.
Exactly.
Exactly what I mean.
Exactly.
Yeah.
Like.
Yeah.
I don't know.
Everyone knows that.
You get more engagement.
If you're a woman on X.
Yes.
I used her.
It's simple.
It's science.
Come on man.
Play the algorithm.
We got to use our head on stuff like this.
Yes.
You know.
It's just.
You know.
Gabriel.
Are you a big Solana guy?
Do you like Solana?
Some of the things I like that they do.
They launch for example.
A loyalty application on the chain.
That's something that I'm looking at.
Meme coin top.
Yeah.
It's fun to watch.
But.
I don't know how sustainable it is.
To be fully honest.
There.
I'm a very utility driven guy.
I mean.
That's.
That's my thing.
Like.
It's.
To me.
The way that I always talk about Solana.
Is I'm like.
It is the venture capital shit coin.
Like.
It's where all of these big.
Non-figure venture capital funds.
Jump in.
Because.
All the people that I know.
That have made a lot of money.
Off of Solana.
Are.
General partners.
Of venture capital funds.
That.
That.
Seeded.
Solana.
I mean.
I just.
You know.
I don't.
It's.
That's just my day.
On it.
That.
I don't know.
I mean.
So definitely.
I'm in the camp.
I think it's going to go under a hundred.
Like.
Within the next.
Like.
Couple weeks.
I think it's going to be a weird September.
I mean.
It's just.
I mean.
They say that there's technology.
On there.
But.
It's a layer two.
That exists without a layer one.
Like.
It's a house of cards.
You know.
It's like.
Like.
What.
Like.
What do you.
What do you plan on doing with it.
Is my thing.
That's just me on it.
But.
Vision.
Vision is for sure cool.
Until the substance reaches the vision.
I think that's.
That's the question.
When.
When it reaches that.
And.
But yeah.
I agree with you.
There is a lot of.
A lot of to be done.
Still.
What's your favorite chain.
Right now.
Honestly.
Difficult to say.
I still.
I still believe that.
Ethereum from a technical perspective.
Has everything that it needs.
BNB really.
I think they have a huge platform.
Of course.
With the.
Exchange.
Platform.
Etc.
So they.
For them.
It's.
Easy to convince projects.
In that sense.
To launch on their chain.
If they're connected with a lot of their other services.
But as you said.
It's at the end of the day.
In Ethereum fork.
We're.
We're.
There.
Let's call it like that.
And.
So it really.
It really depends.
And of course.
We're building our own.
L1 for the rewards economy.
So I'm.
I'm betting a lot on L1 right now.
So yeah.
But.
Yeah.
From.
From the ones that are on the top 10.
I think.
Those are the.
I think Ethereum is really the ones.
From a technical perspective.
That is most advanced.
What do you think about people building on top of Bitcoin?
So it's crazy.
Like.
I literally have an Ethereum tattoo right here.
And.
So like.
That's how much I believe in the blockchain.
Like.
Like Ethereum has changed my life.
Like so many other people.
Giving me opportunities.
All that kind of stuff.
You know.
Allowed for Mrs.
K2 to move my shoes.
To the garage.
That kind of life.
And.
But now.
I see.
Like.
I'm really intrigued by people building on top of Bitcoin.
Because.
You know.
Like.
You mentioned.
Building your own.
Layer 1.
If you were to explain to somebody on the street.
What your Layer 1 is.
Why they should use it.
And what's the point.
They're like.
Like.
They're going to run.
Honestly.
They're going to run in the other direction.
You might.
You would have been better off stealing their wallet.
Because you would have been able to.
It's easier to explain why you stole their wallet.
Than like.
What a Layer 1 would do.
You know what I mean?
Like.
I have to be the money.
100% agree.
Yeah.
You know.
And so.
I'm under the belief.
That like.
Creating L2s and stuff on top of Bitcoin.
This isn't just me.
Like.
Playing devil's advocate on the whole thing.
It's like.
It's.
Entire nations.
We're built off of the gold standard.
Right?
Businesses.
Everything.
It's like.
Building on top of Bitcoin.
Because it's digital gold.
It makes sense.
Like.
You sound like a technical guy.
Like.
Obviously you're building an L1.
Are you keeping an eye.
On like.
What's going on.
In the Bitcoin universe.
Because like.
Let's not even get into.
How deep the liquidity pools are.
On that son of a gun.
You know.
I mean.
I'm.
Not that technical.
From a perspective.
I look.
I look at it more from a commercial.
And again.
Utility perspective.
But I think that.
I mean.
It's.
Bitcoin.
As an asset itself.
I completely agree with you.
It's digital gold.
I see a lot of.
A lot of value.
In the asset itself.
From a chain perspective.
I mean.
I don't know yet.
How much.
Can be built on top of it.
And how big the potential is.
But for sure.
I mean.
Being the number one.
As long as it is.
Having that level of decentralization.
Having that level of.
Supporters.
Etc.
You will be able to do a lot.
On the Bitcoin.
But again.
I'm not that technical.
That I could tell you.
What exactly.
I would do.
Etc.
Yeah.
I'm the same way.
I know.
I know enough.
Like exactly.
See here's the thing.
Like.
This is why I'm a talking head.
On one of these shows.
I know just enough.
To maybe get some technical stuff.
Out of you.
But then the second.
You start talking about technical stuff.
I'm like stop.
Stop right there.
Stop right there.
Stop right there.
You're about to make me look silly.
In my own house.
No worries.
It won't happen with me.
On the technical side.
I'm very honest on that.
You know.
I just.
You know.
It's so.
Yeah.
To me it's intriguing.
It's a very intriguing perspective.
You know.
When we're talking about.
The potentials of Bitcoin.
And just the advancement.
Like there's.
There's so.
There's so many reasons to be fascinated crypto.
Right.
And I'm really excited to talk about what you guys are.
What you guys have going on.
What you guys are building.
Obviously it's really cool.
It's why you're here.
You know.
At the same time.
It's just.
Our space is ever evolving.
And I'm like where does it go.
Because especially as founders.
You're.
You're coming at it from the perspective of like.
Unless you're building your own L1.
You're betting on.
Another one of these.
Major.
Blue chips.
Being successful.
For a long duration of time.
You know.
It's like.
Almost the equivalent of.
Like.
Going and doing business in a certain country.
Like.
You know.
For a lot of people.
They look at.
The United States is like the Bitcoin.
Of where you want to build your business.
Why?
Because there's opportunity and stuff like that.
I would agree.
You know.
But like.
Some people might go to Italy.
Shout out to my Italians.
They don't want to go to Brazil.
Yeah.
Big fan of your wine.
You know.
Was a fan of France.
Until.
The arrest of Pavel Durov.
Now.
Don't even drink French wine anymore.
We're not even.
Even eating croissants.
I'm not eating a croissant.
Until they leave Pavel Durov alone.
Exactly.
We're out on French Bordeaux's.
We're out on croissants.
Like.
Hey.
You know what?
There's plenty of wine.
We don't even call them French fries anymore.
They're.
They're Telegram fries.
Yeah.
They're.
Yeah.
Yeah.
Like.
Ton fries.
Ton fries.
We talked about that.
Speaking of that.
What do you think about the Ton blockchain?
Like.
They're making a lot of noise right now.
Outside of the arrest of Pavel Durov.
Like.
It's.
What do you think about the integration between.
Or the relationship between.
Like a development app like Telegram.
And say.
The Ton blockchain.
To me.
I've always been one.
Screaming from the mountaintops.
Like.
This is what the future looks like.
You're talking about like.
NVIDIA.
On top of an NVIDIA blockchain.
You're seeing it with Sony.
Right now.
Like.
What do you think about that.
As kind of like the first.
I'm going to.
I'm going to farm the hell.
Out of Sony's chain.
If they drop a token.
My God.
I knew the conversation was going to turn there.
PlayStation token.
I read it.
I regret it.
I immediately regretted saying that David.
But Gabriel.
Like.
Like.
What do you think about that?
Like.
Ton.
On Telegram.
What they got going on over there.
I think they have a huge advantage with their distribution.
In the sense that.
They have over a billion users.
On Telegram.
It's.
I think.
And.
It's said a lot.
That.
A better distribution beats a better product.
In the sense that.
You can have.
Not so.
Strong product.
But if you have the right distribution.
You can actually win over the market.
I really believe in that.
In the sense that.
If you have the distribution power.
You can do a lot of stuff.
You can.
As developers.
You can test much faster.
You can get much faster feedback.
I mean.
We just launched.
Our app last week.
And we have.
250,000 users already.
You get a lot of feedback.
Through that.
Like.
A lot of feedback.
Where you know exactly.
What to build better.
Where are the bugs.
Etc.
From that perspective.
It's.
It's really.
Really.
Really strong.
And.
And of course.
If you think of it about.
We want to bring.
The whole blockchain.
Space.
And crypto space.
To billions of people.
In the mainstream.
Web2 world.
I think that's a huge advantage.
And that's something.
That really.
Makes it.
Makes that vision.
And that goal.
Much more.
Realistic.
Than.
If you start with other chains.
Where they're just like.
Far.
Far below that.
That threshold.
I really believe in the.
In the whole tone ecosystem.
And again.
Of course.
Now with Pavel being.
Not in jail anymore.
But being.
In front of the judge.
Etc.
In France.
That's not.
Not such nice news.
But I think it goes also more in the direction.
Telegram.
The whole privacy topic.
And freedom of speech.
Etc.
Etc.
And how much access governments really have.
To all of these apps.
Which.
At the end of the day.
Facebook.
Instagram.
Whatsapp.
All the.
All the other platforms.
Exactly have the same issue.
I don't think it's just a telegram issue.
But the ecosystem itself.
I think is amazing.
And again.
From a tech perspective.
I can't tell you that much.
I didn't.
Make a comparison.
Between different chains.
But from a distribution perspective.
It's an amazing ecosystem.
And I think that will be.
It will be used more and more and more.
Come.
Going forward.
One hundred percent.
I mean.
I personally.
I love telegram.
I love it so much.
That I'm calling the fries.
Telegram fries.
But.
Eventually.
They're going to clear up that whole situation.
Bullish on the whole ecosystem.
You know.
As a whole.
But.
Let's dive into the AMA part.
I'm very curious about QBX.
What you guys are doing over there.
Gabriel.
But before that.
Graham.
Do a stream drop.
And then we'll head over into it.
Anybody listening.
If you've got some questions.
That you want to know.
Anything you want to ask Gabriel QBX.
Me and Che2.
We're about to dive into it with them.
I'm going to pull up the comments.
And also.
Wanted to give a shout out.
To a few of the listeners down there.
We got a bunch of the team.
A lot of people I know.
There's a.
There's a.
There's a pro tennis player.
Stefanos.
I don't know.
I'm going to say your name wrong.
But.
I bet on you before.
And you won.
So appreciate that.
But Greg.
Go ahead.
Do the stream drop.
I'm going to be super quick guys.
Because I.
We all die into getting into.
QBX.
The stream drop for today.
Mixi.
You can follow the guideline.
On the Jumbotron.
And you know.
Every day.
We run a stream drop.
With stream.
Draw.
Stream HQ.
Animoca.
Brand.
Latest.
Incubated.
Project.
You guys get rewarded points.
You better farm it.
Because there's going to be.
Something interesting.
When it's coming from Animoca.
You reward us.
We reward you.
For participating.
And listening to our spaces.
Everybody wins.
Back to you.
There we go.
Points turn into airdrops.
That's something that I learned a while back.
But.
I'm excited.
Why don't you kick us off?
Yeah.
Well Gabriel.
I know you.
I mean.
It's been cool getting to know you a little bit.
Getting to know how you view the market.
You know.
I want to.
You know.
Thank you for joining us today.
But why don't you tell us a little bit about QBX.
What you guys got going on.
I mean.
Obviously.
You were building a layer one.
You let that slip.
And so.
You know.
For those in the audience who are new to you guys.
Give us the lowdown.
I mean.
We're solving one of the.
I think.
Biggest issues for all the people that are either farming Web 2 points or Web 3 points.
Is actually getting liquidity for those points.
And those miles.
And that are out there.
Not a lot of people know it.
But like.
There are 500 billion dollars worth of points and miles out there.
On different accounts.
And that's the GDP of Switzerland.
Just to give you a feeling of how much money we're talking about.
Don't tell the Swiss that.
I'm in Switzerland.
I have to be very quiet.
I don't know.
There is.
It's really the main issues that people don't really know how to spend them.
They don't have enough points for the cool stuff.
Et cetera.
Et cetera.
And that means that you have a lot of money.
A lot of purchasing power locked on.
On multiple accounts.
And that's really what we focus on.
We want to create more liquidity for these points.
Bring more purchasing power back into the consumer's pockets.
And with that also creating more value for these companies.
We've really started with.
And that's maybe a bit different than all the other.
Let's say.
Chains that are out there.
We restarted with the problem for the consumer.
So we thought about.
Okay.
Let's first start with the issue.
And the opportunity that we see there.
And then build back the whole tech stack.
So that it makes sense.
For the stakeholders that we have.
And so that's why we restarted on building our own marketplace.
Rewards marketplace for brands.
Where they can easily connect with each other.
And make their points exchangeable.
Because that's really how you create liquidity.
Through these brands.
And you see it already right now.
I mean there are a lot of companies already.
Making their points exchangeable.
If you see American Express.
Where Delta Airlines is one of the best cases.
Because there's a huge amount of money behind that.
That currently is only exclusive to large brands.
And that's really where we see a huge opportunity.
Where we can say.
Through blockchain.
We can actually scale this whole ecosystem.
Make these points much more liquid.
And connect many more brands with each other.
So that you as a member.
Have many more opportunities to earn and spend your points.
And the cool thing is.
It goes from web 2.
But we see so many opportunities right now on web 3.
And I mean we just talked about all the add up opportunities.
About the points that are given out.
With social campaigns etc.
All the farmers that want to get more value out of it.
We have a lot of projects right now.
Asking hey guys.
Can we access your marketplace.
Because we need gift cards.
Because we need physical products.
We need points to crypto exchange.
We have etc. etc.
So the value is really huge.
And we can make all these connections 99% more efficient.
In the sense that you spend less money.
And less time on making those connections.
So if right now you want to connect to a miles or more.
Which is one of our customers.
Largest frequent flyer program in Europe.
With 36 million members.
If you want to connect to them.
You need to pay six figures a year.
It takes around 12 months to integrate with them.
With us you can literally get started.
Pay as you go.
We even have a Shopify plugin.
Where you can just push a button.
And then you integrate it in your e-commerce store.
And that makes a huge difference.
Not only for these brands.
But also for the users.
Because that means instant transactions.
10x more opportunities to earn and spend your miles.
So that's really how we bring more liquidity to the whole market.
And the vision is of course to.
And that's also why we're going towards the L1.
To really tokenize all of these rewards worldwide.
And make them interoperable with each other.
And what we see is that the space.
The rewards economy really has very specific needs.
And what we see is that.
If we look at all the infrastructures out there right now.
They're built with a very generic view of decentralization.
And how you actually want to push that side.
And it's a very, let's say, technological view.
In the sense that it has a lot of sense.
But if you then bring it back to real world use cases.
Sometimes we see that it doesn't really fit to some needs of these brands.
So if you tell, for example, a United or a Delta.
Hey, put all your points on chain.
And Delta can check out how many points United has.
Or how many miles United has.
How many transactions.
How many users.
Difficult for them to actually accept that, right?
So you need to find kind of a middle way.
Where you go from.
I always say it's like if you want to give a kid medicine.
You don't tell him here's the pill.
You put it in a cupcake and then you serve it to the kid.
And that's what we're doing to the whole market.
So, yeah, it's super exciting.
I have to say it's super, super exciting what we're building.
Getting a lot of traction.
Seeing a lot of need.
And, again, it needs to.
And I think that's the whole space.
We need to scale all these solutions.
To really see the value on a mainstream level.
But that's really what we're working on day and night.
Really pushing as much as possible.
Okay, dude.
He said points and cupcakes.
Cupcakes.
That is so bullish.
Yeah.
You know, interesting.
Interesting parallel to draw with everything that he talked about.
That's the fact that you put it on that.
I think it's the most interesting piece of that.
You know.
Who's not bullish on cupcakes?
He likes sweets.
Oh, yes, he does.
Who doesn't?
What I appreciate about this is that you actually, you know, speaking about this in points reminded me that I needed to check in for my flight that I have to leave for in 30 minutes.
So, we like that.
We like that quite a bit.
You know, but you mentioned the points thing, man.
Like, that's – I live and die off of points.
Like, my Amex is just on fire with everything that I do.
I mean, I run four companies off of them.
And so, it's just – and, you know, but the interesting thing is, like, when you talk about being able to move points, like, this is just a personal example.
I know that I'm a lot – like, I hate flying Delta.
And Amex is Delta.
I live in Texas.
Texas is American Airlines.
And so, just the being, like, the simple, you know, fact – so, you're telling me that if I take – I could take my American – I could take my Amex points and I'd be able to actually get them, like, go use your guys' platform.
Maybe not today, but potentially someday.
Potentially someday, yeah.
Yeah, 100%.
Man, that would be so nice because it's, like, it's – they're very, like, restrictive in terms of that.
I mean, I can – you know, it's – they're – obviously, you talk to these, like, point hackers and stuff like that.
And they're, like, well, actually, like, if you, you know, you go to Air France, Air France, it's, like – or, like, British Airways, you can backdoor your way in.
I'm, like, this is just – this is a mess.
This is a mess.
And, you know, so is this your background?
Like, is your background, like, in, like, the mile – like, you know, how did you get drawn to this?
You know, it's, like, everyone has their views about, like, they wake up one morning and they're just, like, let me do this.
How did this happen?
I mean, it happened, honestly, through gaming.
My brother and I, Gianluca, which is a co-founder of Kiwi, we're, like, gamers since we're – we can, I think –
Really?
Yeah, yeah.
Since we can talk and we can think straight.
So, you always say – you always see these tiers, these points, et cetera, and you always – already start their thing about, hey, why can't I do more with that?
Just, like, do in-gaming stuff.
It would be nice if I can do more.
And from there, we really started building in the loyalty space, started seeing how can we basically show brands how they can use loyalty, let's say, strategies that are not maybe that straightforward, not just, like, buy something and get some points.
But how can you gamify the whole experience?
How can you also do it much more Gen C instead of, let's say, doing it old school, which points started, I think, 30 years ago with the airlines.
And they stayed pretty much like that.
I mean, if you look at the loyalty program, frequent fly program today, it's pretty much the same as it was 20, 30 years ago from a mechanics perspective.
And that's really where I'm working more than 12 years in the loyalty space.
So, I learned it from a user perspective, saw how companies do it, built applications for companies, built our own loyalty programs here in Switzerland with brands like Burger King, Subway, et cetera.
So, I really learned the ins and outs of the loyalty space out there.
And through that, really learned what kind of problems does the market have.
And it sounds a bit kind of a boring problem if you talk about it, like reconciliation issues between loyalty programs, but it's actually exactly what is stopping liquidity to flow between these different programs and how actually you can scale it with each other.
So, that's really where we saw a huge opportunity because we really believe that in future, you will see more and more loyalty programs.
And the main issue will not be for companies giving out points, but actually finding something attractive for those points.
And the same thing, actually, you see in the Web3 space today.
So many projects giving out points and then asking themselves, okay, yeah, I planned the airdrop, but what else could I give my users, right?
So, that's really the tough part is how do you get something valuable that your customers like?
And sometimes it's not just your product and you see that with Amex.
I mean, if your Amex would be limited to the fees that you can pay per year, you wouldn't use that card that much, right?
But because you can actually exchange it in different miles and different other points, et cetera, it makes much more sense and it gives you much more liquidity.
So, that's where we see a huge opportunity and that's why we really started working on that part.
And we're talking about years of learning and understanding what those brands really want and how we can help out, how we can empower them so that they can actually empower their customers.
That's like the token that keeps on giving.
That sounds bullish.
You know, it's really fascinating hearing your story is so relatable.
You know, obviously, like at Mixi, like we're a gaming company, but I tell people, our audience is super familiar.
Like K2 has a fintech company outside of this.
And we were rooted in gaming.
Like we were originally a metaverse gaming project that was leveraging first-party data and identified holes in the fintech space and then where we were able to use like unique ledgering technology and help institutional level clients and like the movement of funds.
Because I think what you probably already know, I'm telling you everything that you already know, is that it's like people think it's super easy to move this stuff around from one – and it's like the regulations and the hoops and the archaic technology and just the old school thought systems make this stuff damn near impossible.
And it's like you wouldn't think in 2024 the opportunities, like the ones that you guys are jumping in and taking advantage of, exist.
But they're there.
They are alive and well.
And they are literally waiting for people to be able to do it.
The problem is it takes forever.
It's boring.
You're like, oh, and the compliance and the integration is like, oh, no wonder nobody wants – it's like I need to have a video game company.
In the meantime, because this is just a slow-moving beast on the other side.
Like that's – so what's the journey been like?
So how long have you guys been around?
What's the journey been like?
Like where are you at today with like your grand vision?
I mean a lot closer than a few years ago, I have to say, because it took some time really to, again, understand the market.
And at the beginning, we were very technologists, meaning we were selling blockchain.
Like, guys, you need to use blockchain.
Here's the API.
Do this, this, and this.
And then we saw, okay, brands actually don't care.
It's not that they don't care about blockchain, but they don't care if they don't have a solution in front of them.
They can just push a button and then it works, right?
So what we really learned is that companies want a solution.
Like, and honestly, that's why when you said if you want to explain somebody on the street, L1 or blockchain, et cetera, they run away.
It's the same when you sit down with a head of partnerships, with a head of marketing, et cetera.
You know, you can start talking about blockchain, but after 10 seconds, you lose them.
And they will ask you after, I don't know, five minutes of talking, but you mean something like Bitcoin.
And then it's like, no, wait, this is something else.
And then you start explaining.
So what we really learned, and that was a process of them building product at the end of the day, is really that you need to sell solutions to these companies and really bring them solutions that they really see very fast how they can plug in, how they can save money, make more money.
Give a better customer experience to their users, et cetera, and not even talking that much about blockchain.
So the fun thing is when we are in conversations with these brands, throughout the process, we don't talk that much about blockchain.
It's cool because they put it in the headline.
So most of our customers then put in the headline, hey, we're working with Kiwi blockchain-based rewards marketplace.
So they like it to use it from a marketing perspective.
But when you're in the conversation with them and you actually try to explain them what kind of benefits they get, it's really not blockchain at the end of the day and the technology around it that gives them the trigger.
But it's more what you build on top of it.
And again, I think it's the same as what I said before with cupcake and the pill when you give it to a kid.
If you start explaining the medicine to a kid and even to an adult person, if we're honest, and about all the things that it has and how it was composed, et cetera, it's not really attractive.
So you want to talk about the benefits.
You want to talk about the value that it generates.
And that's really the main learning that we did over the last few years, which was very hard, honestly.
Like the first few years, we're like, why don't they understand this?
It's such an amazing technology.
They can do so many things on top of it.
And we're showing what kind of use cases you can do.
And then we really said, you know what, we have to just fix one use case and really build a solution on top of it.
And that's where we built the rewards marketplace, where we then onboard also Etihad Gaston, Miles & Morris, the first frequent flyers, showed how easily you can connect with them, et cetera.
And now we really see how people start understanding much more what we can do, what value brings them, et cetera.
And the conversation really involves more about the solution rather than about the technology.
And I think in general, that's an issue not just with blockchain.
It's an issue with all technologies.
And when you start building on a new technology, you tend to talk more about the tech instead of the solution, right?
Because, and of course, I mean, when you love something and you're passionate about something, you talk more about that instead of the solution itself.
So that was a big, big learning.
But today, I'm super happy that we went through that learning because that's the only way.
When you fail, you actually start learning and then you know what else you have to do.
So that's, your story resonates so, so, so, so, so, so much like with my own in a lot of different ways.
It's, I mean, even when you're talking about the solution and the tech, it's just like, you know, David knows my partner in the other company and he could talk about the tech.
Like he's like, you know, a savant level genius developer when it comes, and you give him a little bit to talk about the tech.
I know all about the tech.
I'm a senior developer.
Yeah, right.
See?
So it's so cool.
So, you know, because you guys have been doing this for a couple of years.
So would you say that, like, based on what you guys are seeing in the industry in terms of, like, you know, the providing of the solution, people are far more receptive now than they were, say, three years ago?
Like, the willingness to adopt it?
Yeah, 100%.
That 100% because, again, and I mean, I have, for example, one Swiss bank.
It's fun because every time crypto goes up, they call me and say, hey, we would like to do a crypto credit card.
Then in the meantime, until they decide actually to make a meeting or to just get the people together, crypto goes back down.
And they're like, yeah, no, right now we have to wait a bit.
Market is not that stable.
Crypto goes up.
I get a call again.
So every time crypto pumps, I know the bank will call me and we'll talk about the crypto credit card.
So it's, you don't want those kind of customs.
You actually, if you want to get mainstream adoption, I think that all these technologies, and again, when we talk about blockchain, we're talking about infrastructure.
So it would be like if, I don't know, you have an e-commerce store and you talk about the AWS server that you're using.
Nobody really cares about what kind of server you're using if you're selling shoes online, right?
They want to know what kind of shoes do you sell?
Why is the user experience better?
Why is the price better, et cetera, et cetera.
And I think that we need to move in the same direction as a whole space.
We have this amazing technology.
Now we have to use it for the right use cases.
There are so many use cases out there that can solve so many problems in the world and really can generate a lot of value for all the people worldwide.
But again, I think it's being done by building solutions and talking less about the infrastructure itself.
I mean, and the thing is, it's so hard not to get caught up in it because the infrastructure is brilliant.
How could you not want to talk about it?
100%.
Especially like now versus even three years ago.
I mean, it's like I feel like such a boomer because it was like, I mean, I remember like trying to use like bots and snipe launches in 2021 and it's like nuclear launch codes.
And now you're just like telegram, copy, paste, click, boom.
Okay.
Huh.
Yeah.
But, you know, we're getting close to the top of the hour.
Why don't you tell us that it's like obviously like Web3 powered by QBX, the token.
Like what's the status of your token?
Where do things stand with that?
Give us the rundown on that.
It's getting more ready and ready.
So, again, we've really built first the solutions and everything so that we know, okay, there's substance, there's actually brands using it.
And that will be used first and foremost as a gas fee for our own chain.
So, every transaction, earn, burn and exchange that users do when you want to create your own loyalty token, etc.
Will be all powered by the Kiwi token.
But it will also serve consumers as kind of a status token in the sense that we have a loyalty program for all token holders.
Where you can stake your tokens depending on how many tokens you stake, you have a different tier and you then get basically rewarded with points that you can use for whatever you want.
You can go back into the token.
But we have access with our marketplace to more than 10 million rewards from over 3,000 brands.
So, a lot of stuff that we can offer.
And the cool thing is we already saw it now with our social fight campaign where we gave users the possibility to either exchange your social fight points into loyalty points that they can use directly or waiting for the airdrop.
And it's fun when you see people getting their PlayStation 5, for example.
The other one got the new iPhone.
The other one exchanged it in crypto.
So, it's really cool to see how a world where everything turns around, maybe tokens and airdrops, etc.
You see a lot of people say, no, actually, I like to take the PlayStation 5 with my social fight points.
Or I like to take a new iPhone with my social fight points.
So, that's really what we want to, let's say, give the whole space is one of the most amazing loyalty programs that you can have in the Web 3 space.
And then, of course, rolling out also more and more in the Web 2 space.
So, those are the main two utilities and there will be more and more coming in future.
Nice.
So, do you guys have any idea of when you want to launch or anything like that?
So, actually, after the space, you will see some things.
So, stay tuned on our profile.
And in the next few weeks, really, our profile will be on fire.
I love that.
I'm looking for how to start farming this airdrop right now.
I've got to tell 69 of my cousins the rundown.
The amount of time that I spend in hotels and airplanes, I'm excited about what you guys are building.
Gabriel, truly, truly, truly enjoyed our conversation today.
As you get more alpha, you know where you can announce it.
You can come here and talk about it.
You know, truly, like, I love what you guys are building.
I'm going to say a huge consumer of the points and things.
And definitely the space needs what you guys are building.
So, I appreciate you coming and mixing up with us today.
My friends, this has been a banger of an episode today.
Like, we've had a really good start of the week.
We've had some amazing guests.
You know, they come in, they chop it up with us.
We learn a little bit more about them, what they're building.
This is why you come on the mix-up.
So, that's all we have for today.
It's been an amazing episode.
Remember, every Monday through Friday, 9 a.m. to 10 a.m.
Eastern Standard Time, come right here and get yourself mixed up with some of the biggest guests in this space.
And some of your favorite people, too.
So, that's all that we've got for today.
Remember, join us tomorrow, 9 a.m. to 10 a.m. Eastern Standard Time, right here on the mix-up.
But until then, get off your phones, close your laptops, go touch some grass.
We'll see you next time.
