there. Did I screw this up again?
GM GM I didn't do any good man. I hit end and I thought it meant in the music but it ended the space I guess stupidity nice okay, it's like twitch has been doing that all all through the last couple of weeks man. I can try to blame it
Twitter it's not Twitter this time I screwed that up but you know I'll take the game see the thing is right Twitter has been the bookiest it's ever been since the last since since the time times Twitter times began and I'm surprised at how everyone's paying for Twitter
the moment. Do you think it's because they're installing new features and everything is a little bit more key for a minute? Yeah, yeah definitely 100% but it's funny though because we all are paying for Twitter and Twitter have been that buggy ever so so it's ironic isn't it's like one you actually pay for it you're not
You're getting like a very bad algorithm and when you wasn't paying for it you was having a fantastic one But maybe that's the point funny funny never mind. What you've been doing? Getting accustomed to life back in the UK again. Yeah, yeah, definitely
My sessions got longer than I anticipated because all my students obviously they were supposed to be training and None of them trained for a whole month So when I asked them like you know how they've been and stuff Everyone's like yeah, yeah, we've been training and then no one could
last more than 15 minutes. That doesn't sound like people who have been training. Giving them ball-a-king. Don't talk about it. Push up and yes so just finish work in the
It's 7 o'clock in the night time over here and the sun is just about like you know the sun's just about gone and two, three months ago 7 o'clock used to be like really dark it started getting dark at 4 o'clock
So yeah, I mean times are moving forward, things are changing, you know, duffer deals have started to come out, you can see them trying to like, you know, etch their way up, you know, and from etching I just realized, etching is the new word at the moment
you know in the world of NFTs how what are they talking about is this because of the Bitcoin stuff yeah it's called etching so anything which you do on the Satoshi's you know any sort of ordinar on the Satoshi it's called etching so yeah
I mean, I'm sort of not up on this yet because I've had a piece that I've just been doing other shit stuff. Are you on the right? Yes, bro. How can you tell? This is windy. Is it really bad? It was a little bit weird.
Yeah, I don't think it's really bad, but I just noticed that I want to make sure you're still there. When you make an NFT on any other blockchain, it's a smart contract that's deployed, right? It's a token that's created, like something is minted into existence. But when you make one on the Bitcoin network, it has to be inscribed onto the block. Is that what I'm gathering?
No, it's like you know each So each block has got like a beauty scene is divided into Certain amount of Satoshi isn't it? Yeah, it's like 10,000 something hundred thousand or something crazy, man And each Satoshi basically, right?
can someone's figured out a way of like you know etching information on to each Satoshi basically so weird so it's still early though because and if you need any further information I've got like some boys
were like you know who have started doing ordinals and stuff and they were actually telling us he was giving me some tips if I wanted to start a node he was saying that use Amazon Web Services instead of what's his name running it
on your phone or your computer because it'll burn your computer. Yeah unless you want fried computers for breakfast. But yeah I don't know if I have it in me to figure all that stuff out. I feel like I've done enough stuff and I just
don't have any more room to learn a new thing. You know, not at the moment anyway. So I think I'm just going to leave that to everybody else and continue down the path. But it is a cool, I mean, it's an interesting concept because it's fully, is it immutable at that point? And if each one can be etched, how could it be immutable? Like what's the benefit, I guess, sort of asking?#
the security of that network is much higher than the security of others. But if it's that easy to etch, when you have a node, wouldn't it be that easy to un-etch or blank it or change? Or are we just turning Bitcoin into a giant storage node? Like, what do you think this, where is this going? What's the end goal?
You know, innovation is going to happen, you know, that's going to happen. We're going to like move from a smart contract oriented blockchain to, you know, proof of work, to proof of stake. We're going to move on to different consensus, you know, like for example,
There's some sort of an upgrade happening with the Ethereum right now. That's gonna create something. - There's no the fork right? - People are going to oppose it. But I think it's like good innovation. And you know what really keeps me excited about this space is that there's always something happening all the time.
As soon as we thought that we kind of like hit a cliche of certain technological advancement, as soon as we think that we've hit like a plateau, next thing you know we've got something new happening. I think this project called
I keep forgetting the name, on chain monkeys and had one of the moderators who were interviewed on the rise with Wagnesan series and he was telling us that on chain monkeys were the first out of the first 38,000
Ordinals ever to be etched onto the BTC block chain You know on chain monkeys were the first ones at the person Who Owns or like you know the CEO of on chain monkeys the person responsible for creating the the technology to be able to interact with the smart
It was interesting if you want like it is like a rabbit hole in its own right and I think we've got too many rabbit holes as it is.
another rabbit hole on the scene you know. I'll do some reading I mean I'd like to be at least kind of educated on it but I have absolutely no idea about any piece of it. Also first is here and Orion just joined that dude who you I presume invited the ontology server earlier in the week. What up Orion?
See we've got Orion on the scene, you've got West on the scene Welcome family, how is everyone doing? I'm still on my way from work, so I'm riding the bike on the road while doing this community call. Things don't get any better. What's up first? How you doing?
GMGM family. How are you doing everyone? I'm doing great and awesome. Yes, it's good to hear you guys. I think when I joined this place, I was like, oh, I think the first time got shut down. I was like, oh, I've missed it. I hit the button. I was in it yet. That was my dad.
So I was lucky enough to go back on the Happy Jada page and listed out KD spaces with Bacook. So I joined here. So how have you guys been? How has your week been? What's been happening? I think Gilles says on my own end has been on taxes, crypto taxes, even though
My country has not lifted the ban on crypto. So taxes on my own end is quite like let me say minimal zero on crypto. See how about yours, Polaris and then you guys might be taxing the US. It doesn't really know what it's doing yet.
from what I'm aware of as far as laws go, there are like a lot of different ways you can go about it. But since all you can do is use Coinbase in New York State and you can use Binance and a lot of other parts of the US. And if you buy things on those exchanges and you leave them there for some amount of time and then you sell them, it's a taxable event and see there is short term or long term.#
capital gain or loss that you can claim. But if you buy it and transfer it out to a cold wallet, which is what I do all the time, I don't leave anything on exchanges, they treat that as a sale as well. So everything I've ever bought, I've sold at the same price. So I can't really claim losses and I don't have any gains to speak of to claim.
So it's zero dollars every year until I start moving things back into those KYC exchanges and selling at which point I think I'll just have to go over the amount of investors for paying taxes. So there's really no. And what I've done is I'm just treating it as.
like any earnings, for example, I haven't sold any NFT so far. Since I bought my NFT, I haven't sold one NFT so far. So as a result, I haven't really done any taxable events as far as NFTs are concerned. Now, we've got the ontology node.
So what I've done is you know anything which I've earned from the node of say like you know the payout for I don't know 23rd of April 2001 was 751 OMG and I just tried to figure out how much 751 oh and
was at that time from coin market cap and then whatever amount I've gained. So what I did was and that's just for the year where I've done the was his name set up the node that the cost for setting up the node. So
You know, 10,000 I think the minimum stake I started with the ontology note was 11,000 ONT something. So the cost for 11,000 ONT at that point roughly was about $5,000, $6,000. And then the payouts from that which was I think
in the first year roughly about 2-2.5 thousand dollars. So I created like a balance sheet with all the money cost to set up the business and then minus the profits which was the payouts and that was that.
So that was one, then I've got like my normal students, the way they pay me, so that was treated as a difference and then we've got like a, uh, weather income streams I've got, I've got like a few other income streams as well boys. So, so all of
So basically I'm ignoring it and you're not ignoring it. I'm going to ignore it until I sell a bunch of shit and make a lot of money off. I could do that as well, Tony, but I just thought you know what? Just show it as income and get it taxed man, you know, at least and then we'll deal with it afterwards. That's the thing though, because if I put a hundred thousand dollars in in the last three#
years and I didn't get to write any of that out of this loss. I'm not writing anything off as a gain because it's not. You know what I mean? So I'm gonna wait until I pull out more than I've put in. That's what someone said, right? That's funny. I'm gonna wait until I get more out of it than I've put into it and then I'm gonna start using that as taxable income because it's#
I put in about 5-6 grand to start the node and then the first year I managed to pull out 2.5 grand out of it. So technically the business was at loss. But then if you look at the principle over the passage of time, like the second or third year running on the node, then we
probably just about made break even and then from that break even we probably just about starting leading profits as well. So if you want to show some sort of a history of the tax then when the node starts getting into profits it will be easier and then you know in the UK first there's like a certain amount of
learning threshold, you know, so let's say from my students I've earned, you know, a certain amount and then from the node I've earned a certain amount and then from another place I've earned a certain amount and then from another place I've earned a certain amount. In total, the total amount of money
I've heard that will get like you know tax according to the total amount. So this is a good question though and it gives us an idea of like of different ways of dealing with this taxation issue but Donnie is 100% correct and we was talking about it and Eric was saying it as well I think when I was in Morocco.
which I believe was on the 1st of December. So we were talking about this that you know there's an element of not being able to offset your losses. Like I remember very well like you know I spent about $2,500 on buying like $79.80 and if
When the tape prime was out and I ended up buying the fake ones, the fapes and I minted about 70/80 of them thinking that I hit a winner there and obviously it wasn't it was a fake NFT collection and then I need to
use that to offset you know against my profits and stuff like that. But it's a very deep topic which you've just touched and you know you need to get yourself a accountant or a crypto accountant because if I remember correctly you're from the biomedical field
And there's too many intricate details going on. I mean the only reason I know about this is because I've got a business background. But even me, I'm like, you know, this could be challenged. You know, we could have fun. You know, one of them was. So my brother, but we can discuss it on DMs if you want.
All right, what you doing, man? Where are you from?
That could be me, is that me?
No, it's not you or I'm his right is right here. We shall keep it again. Oh, yeah, there you are. Hello, why do you want? Where you from?
Yeah, so basically I'm located in Asia. So I was saying good morning, but I do not know where you guys are from. It's nighttime over here. Always morning. So if you guys, the guys Orion is a good friend of mine and I'm like,
getting in one board different aspects of blockchain is a very talented individual and I think it's got a bright future ahead of him. I met him in my expeditions in
just recent expeditions and we had a great chat over there and yeah got him on board only for and ontology and all the other factions where we normally chill out and hopefully
We are going to have a great friendship and you guys like, why be the Ryan the same way I did. That is interesting. Looking forward. Master players just two more days. I will tell you a little bit about myself. I am basically a sales agent.
and real life. So I sell things to people over the phone and yeah Martin climbing is one of my hobbies and this is how I got to meet master players and you know just looking forward to you know making
else as well. Cool man. My name is Donnie, clearly, because that's what it says on the thing, pull on the PFP. I'm from upstate New York and I run a bunch of restaurants and half of my life is dedicated to that. And on the outside of that I work part
time for ontology and budget finance and soon to be hopefully another company and I've just got my ticket to East Denver and I'll be going to East Denver and I don't know if any of y'all are doing that because you're from over the sea ocean the big sea negative on that just kind of
So much saving the y'all the weather. Currently it's great actually I think it's about 35 degrees Fahrenheit and it's I haven't been outside much today, but or maybe at all actually, but it looks nice and it's sunny for the first time. It God knows how long What season is it where you are? Is it just hot season?
Well, the spring is starting up. Flowers about to boom. Birds are circling. It's nice in a positive way. What do you see that you are involved in the only forest?
What's your what's your stance on blockchain tech in general? Do you do partake as a user? Do you partake as a programmer coder? Were you at as a? I'm just learning
I'm just diving in and let's see what it takes me. You guys have been here since I do not know how long I'm just a starter. So you can call me a beginner as well.
Cool. Well, we have this is the third installation of a probably 75 part series that the question to begin with was what's Web 3 because people use the term Web 3. Like I don't know if you're on crypto Twitter a lot, but on Twitter people say like I like Web 3.
three because or Web three people are like this or where my Web three baddies at it whatever whatever you know whatever they've decided to say that day that they basically have just turned the word nerd they've replaced the word nerd with Web three but that's really not like the point of Web three so the the first episode of this is dedicated to figuring out what the different what is if there's a
three there's got to be a two and a one right and I don't know how deep your knowledge goes but I'm happy to go on a really short tie raid catching you up in the last two and then asking you a question. Yes sure that's cool great. Cool. So web one was when the internet was read only like in the 90s when you could go to a web page and read it it was sort of like a library you could just it's a#
would digest it and you walk away and do the rest of your life. And the web too was when it became interactive, like with social media check boxes, you can fill out a form and post something, you can like something, you know, like basically social media is the epitome of that. And then the three is where it's basically web tube decentralized and
AI compatible. So you can have things that are not stored on a server as a website. You can have things that are stored on a series of nodes that are then, you know, the consensus moves the blockchain forward and things are stored separately from either interested party that might be interacting with them, which is I think the main concept behind
why this is important. So we can talk about NFTs and collectibles and how the picture of a monkey might have a contract on the back of it that says you're entitled to a thing. That's a new concept altogether. But none of that really matters unless it's stored somewhere that neither party that could be interested in it could corrupt it. So the point of Web 3 is to store things in a series
of computers, whether it's 15 computers, 5 or 150,000 computers, such that a majority or some number of them must agree that whatever is happening is the right thing so that it can't be corrupted by any one of those actors. And there are a variety of different methods. You anonymously
the agreement on it and then it goes through. That's right. Even if there's like two that don't, they just kind of get ignored. It depends on the consensus mechanisms can all be different, but the idea is that at least 51% in most situations agree that the truth is the truth and then everybody moves forward. So it's really difficult to corrupt. And we get into
I don't even know how we ended this last week, but I remember I think I posted something on Twitter about it. I will check that while I scramble to figure it out. Polaris, do you remember what the question was at the end of the last session? Yeah, I think it was like based on concepts like, you know, it took us 1,000 years to kind of like
jump onto a certain height and then it took us like you know 500 years to do the same things the next year and then it took the next time when we tried to doing this the next time there was an exponential learning curve it took 500 to the next time it was 250 and now it's come to
the point now that we're getting like a thousand x or a 10,000 x on a daily basis and it's getting like really crazy in terms of exponential curve growth technological adoption the rate at which technology is
Outperforming our understanding of what technology could do, all of that is changing. And as a result, the species, human species are changing and evolving as well. Not on a physical level, but on a deep down, throat process level.
And we talked about how DeFi has changed the way. Now, the thing is that we've talked on five different public speaking events last week. So it might mix all of that together in one big matter of paragraph, you know.
But yeah, in general we talked about how there's so much misconception around the term Web 3 and because we had the girls last week as well and our conversation got rigged and we was talking about how
the concept of the web 3 which they thought and the way they exist in web 3, there were two different things. So I think like we realized that there's a lot of areas which need to be clarified in web 3, you know, and there's an element of a
This is a big, this is a big, if that is even a word, yeah it is a word actually. Yeah, this is a big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big#
So we was talking about that. We was trying to like get those concepts clear and we was talking about how Web 3 is so empowering and how it's so based around the community and how you know all of that stuff. I think we ended last week's conversation on the Seinfeld AR.
I bought that got shut down. Did you, did anybody else hear anything about that? Like Orion, I guess, and roast because I know players and I have talked about it. So if we're artificial intelligence is starting to excel or accelerated a pace that is outpacing the way that we would do it. So it's like beginning to be self-proving, which
to say anything about what players were just saying that if it took us 10,000 years to move one technological inch, it then took us 1,000 to move the next inch and then 100 for the next 10 for the next. A month for the next and now we're down to minutes and seconds and I think the technology their technological advancement pace that we have found ourselves at is
going to outpace anything that we could even contribute to. So we're going to be like kind of observers at this point. And to speak to that, someone started a sign-feld episode that was automatically generative and never ended. And they can only do this with AI by feeding it information about humans. So eventually, in
of quickly actually the Seinfeld episode went off the rails entirely and it started getting super racist and homophobic and humans were like, "Look, we gotta turn this off. It's not doing what we thought it was gonna do." Meanwhile, the thing's only doing what it can do based on what it knows about us, which I think is beautifully ironic that like we're like, "Wow, look at this in
amazing technology that can just amplify all of our hopes and dreams and our deepest thoughts and desires. And then it's just a racist homophobe. And we have to turn it off. It's kind of the perfection full of imperfections. Yeah, right. So it's unfortunately, which is we just held a mirror up and then we were like, it was ghastly. We didn't like what we saw.
So the rate in which technology is progressing is really exciting, but it brings up a conundrum spin and I guess this is where ontology would be even whatever valuable to talk about as a company. And it's where we start to think about whether or not artificial intelligence bots can think or can feel in the way that humans
can think and feel. And how do we even identify them as different from us and do we need to? I think there's like a resounding yes at least at first we want to know which of these sentient beings that's interacting on the internet, which everything is going to be the internet to some degree it keeps on being you know like historically we go further and further towards that.
We were going to have to be able to assign identities to the people who are made of meat versus the people who are made of computers because otherwise the people who are made of computers are going to arts out smartness and start doing things in place of us and mimicking us and doing I mean, it's already the Twitter is already full of bots that are like trying to harvest something you're doing right So how do we do that currently it's a check mark on
Twitter, but that's centralized. That's a bummer. So finding a way to store people's identity credentials on chain or somewhere off chain, but verifying them on chain such that no one can corrupt it from either interested party is of the most important when it comes to trying to I don't think the day I was going to like trying to kill us.
I don't think it's going to figure out where a virus has stomp us out or anything. It's not about protecting that because we can build protections into that, I think. It's more about the fact that we continue to interact more and more on the internet and we don't have any safety protocol in advance of that. We just, we trusted all to centralized organizations, which is why players
Bleeding the two conversations that we have last week together because DeFi or decentralized finance is having quite the same problem or facing the same conundrum where if I open my Bank of America or key bank mobile app and I see that I have a thousand dollars in it Well, that's only till they tell me I don't because I don't have that money in my hand and
So where is it? It's with Bank of America. But it's I can't even like go to Bank of America and find my thousand dollars. It's just sort of like exists in the ether. So I think we're going to face a lot of these problems as the systems begin to break down as like internet as D5 begins to take over and centralize finance begins to either integrate it fully or
collapse around it somehow. We're going to have to have these safeguards in place and decentralized ideas kind of like the first step towards that in my mind anyway. So it has a lot to do with like wallet recovery methods. We're not there yet. That's the thing. Like we can talk about what the company does, but we can't talk about
Any mass adoption of any of these products because they're not mass adopted. They're not ready for it yet. I think we talked a lot about the friction. It's incurred when one tries to start a wallet or participate in DeFi as just like a layman. As a human being who has a bank near you, you can just walk down to the bank and give them money. You say, "Give me a bank, Councillor." And they say, "#
If you open a metamask wall or a phantom wallet or something and you have a seed phrase and if you store it digitally and someone finds it, then it's their wallet. If you store it on paper and your house burns down, it's no one's wallet. It just evaporates and all the assets that you had in there are gone. There's no such thing as insurance.
So one of the big points of friction is that if you lose your driver's license, you can go to the DMV and they'll just give it back to you. Even if it's not the same one, there's just no. Here's another copy of it. We know you're you and we figured out how to do that. But you can't do that on the internet because there is no new customer verification. They don't have your driver's license.#
It might kind of ruin the point of it. So how do we get to the point where assets are recoverable and insured? Because this solves the problem of ownership, right? You can have a phantom wallet or a metamask wallet and have assets that only you have access to. You can tell if you have them or not. But you lose all that, uh,
recoverability and insurance. So it's, while it solves one problem, it opens up an entirely different one and I think that's a really big block to anyone even wanting to partake in the ecosystems that it provides, despite the problems they might solve. So I think that's about as much as I can spit out in a few minutes.
Do you have any particular questions or anything you would like to talk about?
Well done, Donnie. That was a great explanation. Yeah, go on. What would you like to say?
and yeah you're absolutely right.
Bro is it just me or is Orion getting rugged?
Right, right, all right, you're getting rug my bro check the signals and come down to an area where you put signals we can't hear you properly. Sounds like the rubber band man.
Well, to do a little bit of current events talk, Frank from D. God's is being called a scammer again because you did you hear the exciting news about one of the startups that he founded in California before he got into the NFT and Web 3 World.
Yes, bro, there's been so many different stories. It's just that you know, you know someone told me one of my teachers once told me you know humans are like very interesting beings. You know if you're going up for example, right? They will pick you up and they will you know push you towards this
SARS really. And then when you're going down, they're going to make sure and this is talking about the human race in its whole entirety. Once you're down, then everyone makes sure that they take you further down. And I think that's the case with the stardom and celebrity
status and being someone who's like, you know, you end up getting being in the spotlight and then once you're in the spotlight, you know, you can have good days and then you can have bad days and then bad days are so toxic because everyone tends to like get all their emotional dude. But you know what they say?
And he publicity is good publicity. If you're talking shit about someone you're still talking about them and I hate to say this but anybody who's trying to bring the dude down is just adding fuel to the fire and making more people think about him. So in this case it was that he started to start up. There was a food delivery service at I think it was like Caltech or UCLA by taking the initial drop
of bird scooters hacking them, rewiring them to be usable by them infinitely only. So basically they stole a bunch of bird scooters and like started a business for college students just like ran food to each other. And I think it's still operating right now and it is like how he got his, his,
God is feet wet in the tech startup world. And I, for everyone to be posting Frank as a scammer or Frank as a blah, blah, whatever. First of all, I knew this for eight months. It's not news. It also happened years ago. So like, congrats on being super behind the times, everybody. Thank you. Wow. Good job.
I'm impressed by you. And if anything, if like if I saw this news as a scared investor as having one of these decods NFTs, I saw the price go down by like a hundred bucks. I mean, they're the kind of guy who's going to sell and liquidate the floor and allow other people to come in gaining new entry.
and like cleansing the ecosystem of the community. Or since I am who I am, I'm gonna go, oh more people are just starting to talk about this guy. I'm gonna hang on until I can buy a fucking house. Because I feel like this is how that starts. So anyway, I'm excited that there's a little bit of drama going on, not because I like drama, because I like money.
And I totally agree with any publicity is good publicity because at the end of the day, you know, these are builders right who are trying to be there. They're taking the, they're taking the arrows, you know, the first arrows being shot at them and all the builders
When the world decides to shoot arrows at Web 3, these builders would be the ones who would be taking those shots first. So we should cut them some slack. And yes, we agree that this space is full of so many wrong discourses.
you know, and full of like toxic behavior in terms of like trying to make money and not caring about others and degenerate behavior and you know you name it but at the same time you know there are people out there as well who are like trying to provide bail
and create value into the system. And any person who does that needs to be appreciated. And I think he's only 21, 22 years old for someone who's that young to be having that level of exposure. He's got a bright future ahead as far as I'm concerned.
Yeah, no doubt. I'm hoping to get into some cross-chain. Actually, I think I'm a little played out on Slana. I have too much Slana stuff and I need to cool it with that. So I'm really looking forward to diversifying out of NFTs and into some coins and maybe grab a couple more Ethereum.
I've been grabbing some some art pieces on a theory and some of those like me mart things. I have a little bit of photography stuff, but I don't think I'm exposed enough. I've never exposed enough. I always want to do more. And I think at this point it's the coin game for me. You know, once you join us on the Grail because I still
I need to go to Manchester because my legends, they once are sending you the Gucci Grail and you know experience with Grail. I think the information which we get or the alpha which we get in the Grail is the best one in terms of there's like so many budding artists who are members of that group and they have
And they know artists and that's number one and then there's another aspect of it which is, you know the latest like for example my mate Craig he was the one who told us about what you call it. You know checks.
That's the new thing, about two or three weeks ago which is going on. Checks have been flying and then you burn those checks and then you get some other checks and then once you burn them. So that's gone big, it was a freement.
Digi daiku, digi daiku, that's another free mint as well which you know is sitting at 10 ether as we speak and they were the ones which were responsible for the ad yesterday on the Super Bowl. Did you watch the Super Bowl yesterday?
So we both missed it bro.
I got into the other thing that he meant it wasn't the checks thing I got into the OPEP in addition about any .01 and it went to .21 and I was just sitting there watching it now it's back down to .07 so I'm still up I guess 7x on that I'm just gonna write it because I think it's funny did you see what those are
They're just like a Pepe banner and there's 15,000 of them and they're all the same thing but for some reason they're still selling for a reasonable amount of money No, the new meta now today's or yesterday's meta is the units now units That's the new meta if obviously do your own research and it's not financial advice units with a unit
I mean, I'll see if I can find something for you for that. If you go on OpenC and trending, you should be able to see UNI-something-TS. It's like numbers basically. So the meta is
shifting like the meta shifting from checks to numbers and then from numbers to maybe like words and then from words to maybe I don't know this is interesting this is a very like you know fast-paced industry and it's full of like you know I don't know clouded maneuvers and you have to make sense with all
all of this turbulence, you have to make sense from all of this turbulence and you have to find the right group. With me my strategy always is like as I was mentioning, I haven't sold any single NFT since I bought them, I just buy them for
the longer run, I look at the vision of the project and see what I can do with the IP and then take it from there. The same with the coins and stuff as well, like, you know, ontology. I believe that, like, you know, the reason I'm a big ontology supporter is that decentralized identity is going to be a huge big thing in the future.
And being a node validator of a blockchain which is going to be specializing in decentralized identity. I hold dear to my heart. But then there are a lot of issues. There's a lot of issues in this space. Like for example, yesterday's news or is it today's news?
that Binance US dollar is getting sued by the Security and Exchange Commission. No, they're not suing the U.S.T. They're suing Paxo which has issued U.S.T. because Paxo for some reason has gone through some sort of
of a protocol which circumvented certain security and exchange commission rules. So, you know, stuff is happening and it's hard to like make sense of things when, you know, the whole industry hasn't got a direction understanding. People are not
Whether BTC is going to be creating value in terms of monetary revolution or just another FAD which is going to be there for people to make money off and in 2017
We had so many people, what's his name? Memaking BTC with the Tulip, Tulip Mania. And then we've got the external, for example, we've got the external crowd yesterday in the Super Bowl, advert.
Millions and millions and millions of people were watching that right and then Apparently only a QR code came out which eventually led to it is a Twitter page of Digital die cool, or I think the CEO of Digital die cool, so you know, I mean not a good impression for new people maybe we
understand how the system works but new entrance still are very you know if he and but he about it. So you got these things happening in this space as we speak. It's hard to make sense of it all. So I just stick to like you know the top dogs and just work with them because at least you know
somewhere down the line you're not going to go wrong and then those top dogs are working on value, providing value. Any blockchain for example which is looking into Ethereum, BTC, ontology, any of the top two 300
which you see on CoinMarketCap. If you look into it, you know, the blockchains which have been there for longer than 1, 2, 3 years, they're specializing in certain things like basic attention token for example, right, specializing in like trying to like create a blockchain version of your attention span.
doing something else. It's interesting how the how the whole universe of blockchain unfolds in the next five or six or 10 years when these protocols are actually functional. From that I just remembered effect AI, you know, they're like working on the
mechanical Turk, they're updating their database with basic tasks done by micro tasks they call them and they're updating their artificial intelligence database with doing that so that and then they will be selling those services on the blockchain to other people who
might need you know micro tasks done through their AI. So fascinating times but yet turbulent times at the same time reminds me of that that story a tale of two cities and starts with it was the best of times and it was the worst of times it sounds it feels like it
To describe Bitcoin as a sad. It's a little late for that for the massive pistol wonder if it is or not because it's been going on for. The protocol was launched like for 15 years ago or something. It's been going on for 15 years in its market cap is huge. It's smaller than the stock market and anything that anybody would invest in. So it's easily manipulated at the moment.
So like people with enough money to manipulate it, or it's an argument that's why people don't trust it. But at some point in the next few cycles, it's going to be as big as the rest of the investments anybody could make and far less subject to that sort of slippery, you know.
I think all we can do is hang on and wait, I suppose. And I'm looking forward to seeing whether or not. So you know how the market cycle is running like four year blips where the bull run occurs, the pre-post to having and blah, blah, blah. Like they're sort of like calculated times this occurs. I have a weird feeling that the dawn of the acceleration rate of AI
being where it is right now, might further that. It might happen sooner and bigger than we think it's going to because of the abilities that AI is going to give us or the disabilities in fact that it might go. Who knows? Who knows where it's going to go. I think there's going to be a lot more fluctuation in the near term and I don't think it's going to be negative while that's happening.
Anyway, I don't think it's a scam. I'm pretty sure that this is all moving to it like everybody thought the telephone was a scam probably You know And then here we are using it for all the time that cars you know or to or to Ford automobiles were a scam, you know, it's like yeah, I
When you look into the psychology of adoption, you'll notice that the first move was always like you know would come up and then the people who are previous who are used to the previous technology they always oppose it because it requires like you know for them to like break their comfort zones and learn some new stuff. So hence
like we have like we've got like a huge bureaucratic system running in the world right and then blockchain makes it easy right but then if it makes it easy and if it makes automation like a piece of cake then then you know this means people who are pressing buttons are rendered useless now if they're pressing if they're pressing buttons
and if they're just pressing buttons like Homer Simpson's analogy I gave last time and if they're rendered useless of course they're going to oppose it because they've been like making money out of pressing buttons for the last 40-50 years you know but we need a smarter version of humans you know
on this planet so that we can accept. I don't know if we're going to do anything. Yes, we do need a smarter version of humans and I guess that's smarter version is the AI. But ever since we've been doing anything that gave us technological progress that we've been embrace eventually, we've been putting people out of work doing this.
The assembly line and any single piece of the industrial revolution put people out of work cars that you can drive but horses out of work and if horses are out of work people who make horse shoes are out of work. You know what I mean? So then they had to start like making car doors and car tires and then robots did that and all along people just feel more and more useless. So I think that
The final note that AI will not destroy us, but we will start to live in the metaverse more and more as time goes on and we'll stop mating and reproducing because of it is probably the closest thing to the next extinction event. It's calculable. I was talking about this, like, you know, I didn't realize.
like for example, I didn't realize how populated our planet has become like you know the more I travel the more this whole this idea of overpopulated population of the planet is becoming more and more like you know a harsh reality we have overpopulated the living delights out of our
our planet. The resources are limited. It's not even rocket science. We do definitely need to do things on a very scientific and on a very precise level. We need to
in the world, which is producing 16% efficiency in terms of raw products. That's the only country in the world which is producing 16% efficiency. They're still wasting 83% of raw products.
products, right? And this is the best we've got. So, like, can you imagine, like, if we were working smarter as a species, right? We can make things like, you know, easy for us. We can create like platforms which can produce food. We can create like, you know,
modes of energizing our planet and our things, you know, in a much more carbon neutral manner by creating windmills, self-sustaining water farms which, you know, can take harness the power of the oceans. We can use solar farms where
like you know, are needed. We can we can work through all of that. But for some reason we're not working smart as a species. We're not we're working on a very animalistic mode as a species. As a result, you know, we've destroyed our planet and you know everything over the place.
But they still hope and that hope is that you know educating the masses using technology to our advances, you know 3000 years ago we wouldn't be able to sit down and be able to have a conversation between Africa, Asia, America and Europe you know at the same time.
time but look right now we're having that as we speak in this space. So this you know is great stuff and I think it gives us hope that one day we might start working together as a singular unit and we might use technologies which we have you know to
to help us, like you know, instead of fighting with those technologies, help us advance further as a species and help us, like you know, resolve these basic tasks, get the AI to do them so that we can, you know, look into the further
realms of the universe, which is where we are eventually supposed to be expanding to because we've used up the planet, there's no space left on planet Earth anymore. So like how are we planning to expand on to Venus and Mars and you know other galaxies right? Alpha Centauri and this that the other how I think
We need to use the power of automation and artificial intelligence in that way. We need to improve our economies. We need to improve the way we interact as businesses. We need to use technologies like decentralized web, decentralized tech, decentralized identity to like, you know, a maneuver are, are, are, are
knowledge and values across different servers or different realms. I think countries should be servers where like you know discord servers where we can like you know share different knowledge stacks with each other so that the bottom line would be that we're growing together not fighting
with each other but growing together so that we can thrive as a species. So yeah, that's like a good dystopian utopia to be like, you know, thinking about while moving forward in this bare market. But yeah, that's how I motivate myself. And I think that's
That's what Web 3 is all about, you know, to gatherness, the community, because that's what this conversation was, it all started from what is Web 3. I think all these points which we have touched, these, these like eventually create an element of amalgamation of what Web 3 is, there's no
No one set definition to it. That's why it took us three, almost three calls. But to wrap it up, I think this is what Web 3 is giving power back to humans and then moving together as a singular unit.
It's the people instead of the institutions.
That's, I guess, the concise version of the last three episodes that we did on this. And we had a lot of very talk about tech and gender and identity and respect and defy and progress in general. And I think that the conclusion we've come to is that equity and equality
are more obtainable when the people are given ownership of something. I was having a conversation about democracy with somebody yesterday, I forget who I was talking to, but I was talking about how the power can't be put in the hands of things that don't care to figure it them out. And this is the conundrum
The problem that I see with any, like let's say that's the world now, just humans all get to vote on something, right? Is it good or bad that we all get to vote because we all vote emotionally and we don't really vote based on logic or what may be good for the future, but what is good? And I really, this all comes down to this.
like absence of an ethical objectivity. It doesn't exist. There is no good or bad. There is just what people think. And I found anyway that living in the United States, people generally vote based on emotional reaction, not based on logic or research. So is democracy even good? And can Web 3
Somehow filter the parts of democracy that make it exploitable. If there is a television and there is news on that television, it's not news really, it's just like opinions and you know, fear pieces to some degree. If the television can make people think a certain thing that will make them vote a certain way, do they even have free will? Is that voting?
I would argue it's not, I would argue it's just control of another form. And if artificial intelligence and Web3 can somehow give power back to people's brains instead of their lizard brains and they're like, "Ungobonga, K-man inclinations," then it is a good thing. And I don't see how that couldn't happen.
happen. It seems like it's just what's going to occur. So with that, it is 1456 over here, which means it's coming up on 20 UCC, which means it's just about time to buzz off and go do whatever it is you were going to do for the rest of the day. Some of y'all, it's night, some of y'all's day, for me, it's right in the middle.
And I just wanted to say I love you and I hope every day is the best of your life. Paira, take it away. Thank you so much. Thank you, Donnie, for hosting these calls with me. It's always fun. And I'm so glad that, like, you know, I've caught up on my sleep and, you know, I'm ready to
rock and roll and it's always amazing like having these conversations and exploring the rounds of of of Web 3 of how far we can you know break those rounds and like you know look into the nooks and crannies of it and
make sense of it all. Thank you Orion. Thank you first for joining us. Like, you know, especially Orion, like, you know, hope this call was like, you know, full of information and hope it kind of like triggered up some directional pathways.
to which rabbit hole you want to go down. Because this is really interesting, it's fascinating and it's guaranteed to blow your mind off as you start choosing whichever rabbit holes you want to choose to dive into. I was talking about the blot
chin rabbit holes by the way and yeah look after your health look after your mind drink lots of water you know have the right throat processes in place unless fucking gob or and you want to say something before I go bro
don't know what's wrong with my internet. I apologize guys. As you say, I keep on getting drugged. But see you next time and you guys have a wonderful day or night, whatever's ahead of you.
>> Great. Same to you, man. Thanks so much, and we'll see you around the server. Actually, we have a -- one more thing before we leave. We have a community call at 20 UTC every Thursday, typically, and it is normally in Discord, but now
it's going to be hosted on the ontology main Twitter account as a Twitter space. So that should be rather fun because Humpty is hosting it. I think Eric Pino's is planning on chiming in maybe anyway and that Twitter account has
has a lot more attention on it. So we might get more people. It may not be better that there are more people there, but there might be more people saying more things. Sometimes, yeah, I don't mind. I'll be there. No worry. Yeah, it'll be fun. Sure. Thank you so much.
- Right, y'all. We'll see you in the future and have a fabulous day. - We do, guys. Goodbye. - Over and out. - Take care, guys. Bye-bye.