Escaping the Drift with John Gafford - Want the next Genius Crypto Idea? Starve yourself for 30 days with Brandon Burgason EP 21

Episode Date: October 29, 2021

The Power Move Episode 21Learn and burn Entrepreneurship from serial entrepreneur John Gafford and his band of mayhem makers. From stripper poles to the oval office, business lessons are everywhere. T...his Week:Mobi App founder (and 30 day faster) Brandon Burgason discusses the launch of his crypto to retail app and the future of digital money.

Transcript
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Starting point is 00:00:00 from the art of the deal to keeping it real live from the simply vegas studios it's the power move with john gafford back again back again back again this is our friday episode if you're listening from home there you go oh happy friday everybody or if you're downloading it later glad you just downloaded it all we're happy to have you first time tuning in which hopefully not but well i know you know and that's not true i hope it is your first time tuning in because that means we're picking up more people because now like i said before we are plus 10 000 subscribers over that you know i looked it up i didn't tell you i didn't
Starting point is 00:00:43 tell you this first of all of course the intro we got to do for everybody. To my left, Colt Fancy Pants Amidon. Fancy Pants is the handle this week. Fancy Pants. You know what I mean? It's hard to show you. There we go. Bam. Fancy Pants Amidon. Thanks. I like this. Yeah. I prefer the Colt Day Shift, but we promise a new nickname every single time we did this. And across me as court, as always, is Chris Connell, Esquire. How are you, counselor? How are you, young man? I'm doing good. Everybody's feeling a little better after we're not going to get slapped for cash, I think, today. Oh, what a monster. Yeah, I think. So big. You know what, guys? If you're out there, $20 gets you a long ways in life, we found out. Yeah, I don't think Colt was. I love how Colt was actually considering like, well,
Starting point is 00:01:22 what would I take? What would I take? I'm not would i take what would i take okay so now that we've seen videos we've seen that guy we all said a million bucks last time no way a million bucks is not because you can literally take your job yeah yeah he would absolutely just murder you and you know i like that we it's almost like having a laugh track cackling in the background uh we have another guest today because I like to talk about, you know, today's show is going to be about emerging markets and taking advantage of things and the economy as it goes forward and seeing things, you know, as Gretzky would say, the great one, skating to where the puck is going, not to where the puck is.
Starting point is 00:01:58 It's where it is, the secret to success. Great one. It's my guy, Brandon, who has launched a new product or project that we want to talk about because I think it is the future of currency. I know. Heard right here first. We're going to break it big, but it's launching November 1st. Brandon, how are you, buddy? Hey, guys. Glad to be here. Thanks for having me, John. Appreciate it. Look forward to chatting with you. Yeah, man, you bet. So Brandon is a friend of mine that I met through my mastermind group, and we've hit it off. And, and I got to tell you, everybody, when you go to
Starting point is 00:02:29 these things has got something going on, right? They all have a little, a little deal going on. But Brandon's thing is a little neat, a little unique, but before we get actually into what it does and what it is and why you should care what it is and what it does, how you kind of came up with this to me is fascinating. So, you know, I like to look deep anytime we have a successful entrepreneur on and he's not, if you're looking for YouTube to see what Brandon looks like, he's not in studio. Unfortunately, we're rocking this, uh, uh, purely from, uh, online is what we're doing. He's called in. Oh yeah, he is. This is, if you saw the Instagram photo of me not too long ago,
Starting point is 00:03:03 where I was at the beach and I'm standing there with three dudes that look like they're all towering over me. Brandon's one of those guys. But I want to back up, man, and talk about, you know, born, you know, entrepreneurs, are they born or made? Where did you start out, man? Tell me, you tell us the story, my brother. Oh, man, that's a long story. I don't know how long you have here, John, but I can certainly do my best. I really grew up with a single mom and with three jobs and didn't have much growing up. And we wanted to do more and buy my own thing. So I got my first job when I was 14, moved out of my house when I was 16 and a half, graduated from high school, kind of grew up a little too fast and uh well actually i don't think so but in in most people are um you know i i progressed quickly and um you know i
Starting point is 00:03:52 moved down to 16 and a half and then so you had like your own you had like your own apartment in where were you cali i was in laguna yeah in cali and laguna Niguel when I was 59. Okay. You and Tony Hawk. Moving out on your own. Yeah, you were 16. Never met him. But, yeah, I moved out when I was 16. I actually got started in the mortgage business. I think I was 18 or 19 and really did well there
Starting point is 00:04:18 and just kind of progressed through, really kind of found a love for DJing and dance music. So got into that early on. But just really was in the mortgage business for quite some time. I started my first own mortgage company at the age of 24. It was a technology-first platform called RateFirst.com. And it was essentially an e-assurance model for consumers, very consumer-driven, where they can go online, shop for their best lender, the best rates, the best points, all that good stuff.
Starting point is 00:04:51 It was an aggregator. You built an aggregator. Yeah, I built an aggregator. It was one of the first, I would say, what they call FinTech now. It was a financial technology company. And we just cut out the middlemen, which were loan officers at the time, and just had the consumer drive it forward. 2007, I saw the market and I sold my interest and just started working at that time for a hedge fund and did a lot of physical delivery of commodities. So I got into that space and got my feet wet, understanding know different um banking transactions uh how the
Starting point is 00:05:26 actual international trade worked international banking so it was great i was mentored by um a gentleman by the name of alexander and he showed me the ropes he i learned a lot while the real world worked um and during that time um i actually started building a trading company where we actually had a bot in the Forex market, not in the crypto market. So we had a bot and we were trading. We're making about 25% return on our money a week. We're doing very well. We had about 20 plus traders working for us full time. This is where I kind of got into trading and that that side of the um that's kind of the house so
Starting point is 00:06:06 went through that and i ended up losing a million dollars in one day i'm going against the bot that we built um so that was a bummer it's kind of it's like term like terminator when the uh yeah it took it like the the the machines became too smart yeah took you over yeah oh it was got right here i remember this i never had the thought i wanted to kill myself but it was it was that close it was became too smart. Took you over. Yeah. It was gut-wrenching. I remember I never had the thought of wanting to kill myself, but it was that close. It was just horrible. Just made a really bad decision. But I learned a lot from it. I have all
Starting point is 00:06:33 my bad decisions and bad experiences in my life. See, real quick. See, real quick. Colt, learning from bad decisions, this is how you progress in life. This is what you do. You got to learn from your bad decisions. I feel like all my decisions have been pretty good at this point in life. I don't know.
Starting point is 00:06:51 I think you guys are hinting towards my wife. No, no, no, no, no, no, no. I'm hinting for you told me that you would turn down seven figures to get smacked by that man. And I would definitely. Yeah, I find that to be a poor decision. We were actually talking to a vet through you. Yeah, exactly right. All right, so the robots take you over, Brandon.
Starting point is 00:07:10 There you go. Where are we at now? Yeah, so that took me out. Took the wind out of my sails. I picked myself back up. I got actually back into the mortgage business. And I forgot what year it was exactly. But my background is marketing.
Starting point is 00:07:28 I love just figuring things out. So created some marketing systems, ended up being the number one branch of American Financial Network for quite some time with two partners. Did very well there. And my passion has always been music. So, you know, I wanted to become a DJ, a producer. I loved it. It was my dream.
Starting point is 00:07:48 I wasn't going to stop at anything to accomplish my dream. That's what drives me. That's my fuel. So I started working hard, stacking up chips, built out a studio here in Orange County, five different studios actually in one facility. And really it was an idea to bring in-house one one-stop shop for for artists i saw all the different you know things plaguing the music industry um it was very one-sided um and there's a lot of middlemen so anyways ended up selling my interest in the
Starting point is 00:08:19 mortgage business to work full-time in music, started building out a catalog of music, started building out my personal brand as an artist, and had three full-time producers with me. And then I realized that the music business, there was absolutely no money in it because, again, I figured out there was a lot of middlemen and there was very controlled. Interesting enough, a statistic that I read back then was that an artist only keeps 12% of what
Starting point is 00:08:49 they actually create, which is, which is horrible. That needs to be flipped. Um, so it ended up putting about a half million dollars in the studio, ended up making about 15 bucks, uh,
Starting point is 00:08:59 horrible business. It wasn't like, uh, back in the mortgage days where I could send a thousand and make 10. Check this out. I have an idea. I have an idea. Here's what we're going to do.
Starting point is 00:09:08 We're going to open up John and Brandon's School for Strip Club DJs. That's what we're going to do. Bar three. Come on, fellas. Put your money where you want to put your mouth. You know what's funny, Brandon? I'm telling you. You take guys that are completely washed up. They can't get a job. I love it. Exactly. They might start on the day shift. If they're like Colt, they never get off the day shift.
Starting point is 00:09:39 But I'm just saying. So what Brandon brought up is a good point. That in the music industry, a lot of people didn't realize that these rappers were selling and these young rock bands were signing million-dollar deals. Advancements. And at the end of the deal, they owed the record company half a million bucks. Studio time. Oh, the tour. Studio time.
Starting point is 00:09:57 You've got to use our lawyers. Yeah, here's a million bucks. We're going to spend it all on us, and you're going to owe us half a million bucks. And you're going to get nothing. Yeah, that's true. And again, another point from that is there's a situation where you were following your passion. You were doing what you wanted to do passion-wise. But you probably should have done a little more investigating into what the end result could be before you started at Tap Dead Center.
Starting point is 00:10:19 Yeah, no, 100%. This comes back to what I said before about learning from this mistake. But this was the path that I was meant to be on. You know, I went through this, you know, this really kind of horrible thing in my life. I was making, you know, seven figures net a year, young age. I was doing really well for myself. And, you know, we, you know,
Starting point is 00:10:38 I decided to move into my passion and just go all in. And, you know, that's just kind of how I kind of leap in blind faith when I have you know my gut tells me to so this learning experience kind of really got me not kind of it got me where I'm at today and it's a huge blessing so I went through this process I didn't know no way to make money but what it did is it forced me to fix this problem in the music business at that same time this was like 2017 this is in the music business. At that same time, this was like 2017, this was in the crypto market. It's really starting to boom.
Starting point is 00:11:08 All the ICOs and tokens going through the roof. It was crazy. So my buddy decided to invite me over to show me something. And he was showing me Bitcoin mining rigs. And I forgot what it was like late at night. I went over there. He showed me his room of this big computer mining rig. It filled the whole room.
Starting point is 00:11:27 It was insane. And he was telling me that this machine solves math problems and basically prints money out of thin air. And I go, this is the craziest thing I've ever seen. The Rothschild must be involved. The CIA must be. Something's going on.
Starting point is 00:11:42 It doesn't make any sense. Something. And so really this is kind of that point where nothing was working. I was trying to find myself and search myself. So I decided to lock myself in my house. You're a trusting guy, man. Because like Colts
Starting point is 00:11:56 been trying to come to his bedroom and look at his rig for like months and I'm not going over there. Different kind of rig. Yeah, I'm not doing that. Won't make you money, but it's something to see for you money but it's something to see for sure but it's something to see for sure and just like your internet just like your server it plugs in oh it plugs in and it runs and there it is so so you're looking at your you've seen your buddy's rig which you know pretty much i gotta Brandon, pretty much. Yeah. We talk about business,
Starting point is 00:12:25 but it pretty much devolves pretty quickly. Every show that we come off the walls, it is what it is. But so you got to figure it out, man. You're trying to figure something out. Where do you go from there? And I'm going to keep interrupting you. So I'm just going to warn you now. Oh, I love it. I love it. I love it. Yeah. So just trying to figure it out. Something kept eating at me inside and I decided to lock myself in my house for a weekend and really dive into it. Something was telling me, you need to look into this. So I started watching videos and YouTube and just doing some research and really understanding the fundamentals of blockchain technology and why it works. And Bitcoin, read the white paper, all that good stuff.
Starting point is 00:13:04 And literally, the light bulb went off inside of me. And I remember that as a turning point in my life that everything changed. I truly believed at that moment that this was what I was meant to do. And literally everything and all the businesses, all the ideas, everything, all these problems that existed were all solvable through blockchain technology. And my, my world just changed. And that's John, when that's, that's the time, I think I told you about that's when I, when I met you in Vegas at that mastermind, is this is the time I decided to fast. So I fasted for 30 days, 30, no food,
Starting point is 00:13:41 water only, no food. And, and, and i knew i could do it because my mentor that i told you about before his wife had cancer um he was you know you know a billionaire so he was able to fly his wife around everywhere to try to solve for the cancer it was on her lymph nodes it couldn't operate couldn't do chemo who was the best doctor in the world she had three weeks left to live basically said if you he got this i don't know who he got it from I don't know maybe I think it's from God he said that he was was told to fast and starve the cancer the death so his wife fasted for 55 days and I watched her go through this process right here is safe 55 days and the watched her go through this process right here it was safe 55 days and the cancer
Starting point is 00:14:25 literally fell off and it's non-existent she's still alive today so you can't beat cancer and all you have to do is starve it because it needs a certain sugar to survive so anyways back to my story i love i love i love how he always brushes past the 30 days of no food dude i tell myself i'm gonna eat better like yesterday i'm sitting there at home i'm like man i gotta get you know get back on it and i want no i'm like i'm gonna eat better it's fine blah blah and like five minutes later it's like a reflex action i don't even know what's happening because now that the halloween candy has shown up in the house i walked by and i got like freaking one kick out of my hand and one shoved down my throat and i'm like oh my god like i don't even
Starting point is 00:15:02 think about it just happened like yeah i mean dude, I'm not going to lie. Like if I went like 30 days with no food, I'm thinking I'm going like. Cancer might. No, I'm thinking somebody I know is getting eaten. I mean, if it was like we're in a life raft. Okay, if we're in a life raft. Let's talk about that. If we're in a life raft, me, you, and Connell, right?
Starting point is 00:15:25 Colt? Okay. Number one, who do you think is getting eaten first? Oh, for sure. Not me. Not you? Well, I don't have a ton of fat on me. You guys are going after me?
Starting point is 00:15:36 No. You're killing me further. Or we can overcome you quicker. Your brains have so much fat. No way. It's not your brain. I think. Oh, bro.
Starting point is 00:15:44 I'm sorry, Colt. No know because i could out swim you guys here we go back to you guys he says connell's like looking at you like it wouldn't be up to you yeah you just wake up and cold i would just wake up like john it was you were cold no you yeah that's exactly i'd wake up and chris would be like what's dinner time hey dinner's on soup yeah you guys are just my swimming skills i could swim and float no we're dying we can paddle our raft faster than you know a raft you could not paddle a whole raft with you doing it it faster than I could swim. Not happening. John and I, arms out the side of the raft.
Starting point is 00:16:28 Starving. Starving. How long do you think you could swim for in the middle of the ocean? Before you would give up and just let us eat you. You just would be exhausted and die probably on your own. Hey, Brandon, if you went to the Olympics, what sport do you think you could do in a year? This is Colt's standard question. I don't know if you heard that, Brandon. This you went to the Olympics, what sport do you think you could do in a year? This is Colt's standard question.
Starting point is 00:16:46 I don't know if you heard that, Brandon. This is his standard question. Any Olympic sport, do you think that you could perform or participate in any Olympic, winter or summer, in a year's worth of training? A year's training. Which one? Javelin throw. Javelin throw.
Starting point is 00:17:02 I feel like that'd be harder. But I think that's a technique move. I think I ran into Brandon in that thing, and I think he's pretty tall. I think javelin could throw. He's a big dude. Yeah, Colt's convinced he could be an Olympic equestrian because the horse does 95% of the work. That's what he's getting at.
Starting point is 00:17:18 Brandon agrees with me, correct, Brandon? Yeah. It's ludicrous, but he thinks that. I'm way too big. There's no way. The bigger, the more difficult it is for a horse. That's where you're wrong. It's ludicrous, but he thinks that. I'm way too big. There's no way. The bigger, the more difficult it is for a horse. That's where you're wrong. It's an inverse ratio.
Starting point is 00:17:29 You want to be smaller. I'm not big. You're massive compared to a jockey. Yeah, you're massive, which is exactly why we would eat you first. That's why. Anyway, back to you, Brandon. So 30 days of fasting is done. You've had this epiphany.
Starting point is 00:17:42 So you said, man, you had such incredible clarity through this time. It was just amazing how focused you are. I'll tell you about it. It's amazing. And so it really is a mind thing. And most people think they can't get through it because the first three days in the toughest and day three is by far the toughest because you have massive headaches, all that. But then really your body goes into ketosis naturally and you start to feed off of your fat for energy so day three is a big milestone day seven is a big milestone after day seven it becomes a lot easier and then once you're past like day 10 or 14 it's like it's it's all it's it's normal it's normal living it's just something that's more automatic. And the clarity that you get from it, your body spends a lot of its energy breaking down food.
Starting point is 00:18:28 So now your body's repairing itself. And now that you don't have all that crap that's coming through and processing through your system, the mental clarity is just insane. I literally I felt like I was from, you know, that movie Limitless, where I took a pill in my, which is super focused. I'm not at that point. I didn't think I was a great writer, but this is when I really started to dig into blockchain. And I decided to write a white paper. I've never written a white paper before in my life. I read over 200, not at that period of time, but by building up to write my white paper for music,
Starting point is 00:19:02 I wrote over 200, 250 different white papers. I forgot exactly. And compared them all and all that good stuff. I understood the blockchain business and then different music projects that were out there. So I ended up writing this white paper, just stream of consciousness, writing it out. And I remember I was just writing it. I didn't know who it was. It wasn't me.
Starting point is 00:19:24 I felt like it was an out-of-body experience. And I started writing, I remember I was just writing it. I didn't know who it was. It wasn't me. I felt like it was an out-of-body experience and I started writing it and I was done with it. And I, I, I looked at this, this white paper. I'm like, wow, I believe I could fix the, you know, the fundamental issues plaguing the music business and getting independent artists a real way to make a living in music. You know, let's just say that's a $5,000 a month, you know, living in music you know let's just say that's a five thousand dollar a month you know usd equivalent um you know um you know income um but it was with this model it was being paid in crypto but no real way no absolutely no way to spend crypto for everyday transactions
Starting point is 00:19:58 so i shelved um pangea that's the name of it pangea music and um and and so, that's the name of it, Pangea Music. And so that's where I started Mobi, which is my company now, Mobi Network. And basically what we're doing is we're building mainstream products with blockchain, starting with a flagship product that we're actually launching first week of November of this year, 2021. And that allows you to use cryptocurrency at the biggest retailers in the world through a relationship that I had that I built the entire company around. So now I figured out- Yeah, see, this is the problem with crypto. This is the issue. The issue is I've got crypto in this wallet. It's going up and down. It's fluctuating. For people that don't understand
Starting point is 00:20:40 where this is, you need to start learning about cryptocurrency. And full disclosure real quick, I'm very big on Brandon's project. I am invested in it. I'm big on this whole thing that he's about to talk about. But the problem that he solves is what is the practical day-to-day use with crypto? What is it? I mean, you got to sell it, then you got gas fees, you got to convert it back. It's just there's all this giant process of moving it from the crypto altcoin coin world to register to to where it can actually be used as money where you do you transit for goods and services and brandon has solved that problem so in a nutshell yeah tell me so tell them what your mobi app does in kind of real time. Tell them what it does. So basically our app is kind of a payments and rewards ecosystem. It's a banking style application similar to Venmo, Cash App, and PayPal.
Starting point is 00:21:37 It allows you to use cash and connect to your bank account normally, but also allows you to use crypto very easily. So the thing that we're focused on is making it easy to use for the mainstream consumer to help with mainstream mass adoption. Right. So that was the biggest problem that I saw with the crypto space is no one's going to be able to utilize it. It's never going to go where it needs to go unless it's easy to use. So we focus Mobi to be able to build that. So it encompasses a lot of different things in the ecosystem.
Starting point is 00:22:08 It encompasses a wallet, it encompasses an exchange, a merchant gateway, banking integrations, and a rewards model all wrapped up into one ecosystem make it very easy to use. So- So let me de-nerd that for you. Let me de-nerd that for you. Oh, I'm sorry, Brandon.
Starting point is 00:22:26 Let me de-nerd that. So what you can do is you got crypto in your wallet. You go to, let's call it target, right? You fill the cart up with random hodgepodge things, you know, or if you're Colt's wife, whatever she sent you to the store to get, you know, whatever Colt's wife has sent him to the store to buy. You fill up the cart, you go up to the counter, you open your Mobi app, and you literally type it. You type in where you're at. And this happens like as fast as I'm talking about this. This isn't a long, drawn-out process.
Starting point is 00:22:52 You type in where you're at. You type in the total that she gives you, and then it converts that crypto into a gift card for the exact amount of your transaction wherever you are. And you beep it on the thing like you would a gift card and off you go that's amazing but there's more there's more isn't there brandon oh yeah there's a lot more but it just depends on how down the rabbit hole you want to go well no no i think i think the reward i think well the two biggest differences here are like when you move crypto from one form to another you pay something called gas fees yeah right you got to pay the gas transaction what's the transaction brandon what does it cost to
Starting point is 00:23:29 convert your crypto into something like this what's the gas fees uh there's zero gas fees in our platform zero gas fees you have zero loss so there's zero loss of your crypto you're converting back in but there's more isn't there but there is but there's more brandon Because not only is there no gas fees, and this is why I love this, but just much like when you use a credit card and you get rewards. Brandon, do you get rewards when you use Moby? Oh, 100%. You get rewards in an actual form of currency that can be redeemable anywhere. Redeemable for cash, redeemable for other products.
Starting point is 00:24:02 So you actually get incentivized to use the platform in cash back rewards, either in cash or crypto. And so it's a beautiful thing, so it's not unlike like the American Expresses of the world, you can only use those points within their network. How we developed it is you're getting rewarded in our coin, Mobi coin, and that coin is an actual currency that can be redeemable for cash. So you can trade it in for cash and everything else.
Starting point is 00:24:29 Right. So everybody's heard of Bitcoin. Everybody's heard of Ethereum at this point. Mobi coin is what they call an altcoin in the biz, I guess. Would you say that, Brandon? Yes? Altcoin? Yes.
Starting point is 00:24:39 At this point? Yes. But altcoins, some of them get pumped and dumped and die. And it's what they are. And people lose a ton of money. Some of them, you know, you get in, I was talking to one of our friends, Brent Skinner yesterday, and he was like, bro, I shot up on something like 265% in two minutes because I thought it was broken. And by the time I could get around to selling it, I dropped back down. Like it was just insane. And there's all kinds of, you know, skyrocket down things, but Mobi coin just passed a very serious milestone, which is how much is now in circulation?
Starting point is 00:25:08 What's the cap on it now? As of yesterday, we hit right through the $100 million market cap, and we went up to $135 million yesterday. So we did a $40 million market cap increase in 24 hours. That's a lot. So there's $140 million worth of this stuff in U.S. dollars being traded based on current value. That's not going away. And this is a practical use for crypto,
Starting point is 00:25:34 and as more and more people buy it, as more and more people make a ton of money in it, they're going to be looking for ways to spend it and ways to use it in a practical sense. And this is going to mainstream what it does. How can they download the app, dude? Where do they download it? Well, the app is going to be strategically rolling out at the first week of November. And then basically, we're going to just do it in a controlled way, similar to Clubhouse, if anyone is familiar with that, you know, just to make
Starting point is 00:26:01 sure that we're doing it properly. So we're going to roll it out in the United States first. And then we haven't decided when we're going to roll it out internationally, but this will be an international payments and banking app. And then the Mobi coin will power it, and it will power payments around in the evening globally. So you'll be able to send through the coin. The fundamentals of what our coin actually does is it fixes the problem with like Bitcoin, Ethereum, which is really, it's too slow and too expensive. Ours is pretty next to nothing.
Starting point is 00:26:32 So 100,000 transactions costs one penny, a hard cost. And it settles in two to five seconds. So you can send, you know, U.S. dollars from here to grandma in Mexico with our utilizing our token. And it would settle in two to five seconds in the top next to nothing. So do you imagine? Yeah, good good Chris. I'm sorry, but so do you got a so is it is it a platform for any coin or is it? strictly Moby coin No, we're integrating multiple crypto currencies. We're launching with probably you know, we
Starting point is 00:27:03 four major cryptos to start. Bitcoin, Ethereum, USDT, and I believe Stellar, but I'm not sure. And then we'll be adding more currencies to our platform that will be able to use at retail. So, for instance, we have a partnership in place with Litecoin, and Litecoin will now be able to be used through our retail partnerships and our gateway at places like CVS, Blaze Pizza, Bed Bath & Beyond, all the ones that were integrated directly at point of sale with cryptos is they're just an investable asset. They were always intended. Bitcoin, if anyone knows, Bitcoin was intended to be a payment method. But again, it's too slow and too expensive. And so this inherently fixes that problem. And what I call, you know, we're democratizing.
Starting point is 00:28:02 So more microtrans transactions on the network will help hopefully stabilize the price points from these big swings that you see yeah and again when we talked about rewards man we're not talking about a couple i mean we're talking about like three percent right yeah we're we're going to be paying up to six percent um and that's if you donate to charity one of our one of my purpose in life is to build, uh, I'm a four purpose serial entrepreneur. Um, you know, that's kind of self self-imposed, but what I built these, this ecosystem is a way for people through this rewards platform to give back. So through our business model, we, uh, we power, um, this cash back, but if people want to donate it to the
Starting point is 00:28:42 charity cause or church of their choice we'll match that and so um you know and that's just i think a big thing for me is to be able to support the charities and because they they lack a lot of uh what they call on-ramp of money to to those charities in a lot of ways so we hope that mobi fixes that um through this platform so up to six percent and that'll increase the more MobiCoin you hold, the more rewards you'll be able to receive. As they move along. Well, if anybody wants to buy MobiCoin
Starting point is 00:29:11 now, if you want to look for the altcoin, what are they looking for? What swap is it on? The app is really the focus for us. The coin powers it. It's the technology behind it. But that this'll, I mean, everything that the coin will do moving forward is going to be significant. We're happy and super excited to be releasing this in a while. We've been building for three years, doing it very compliantly by the book. We just got done with a SEC level and
Starting point is 00:29:36 banking audit, went for four months, you know, and so we're, it's going to be launching next month. So it's great to see this three-year-old baby being born. Finally coming around. Wow. Congratulations. Finally coming around. Yeah, man. That's awesome. Dude, we look forward to it.
Starting point is 00:29:49 Random man, you know, hey, man, I'd say I wish you well, but I'm going to be riding your hip the whole time we're doing this. So I'm sure we'll talk more about it, but we'll get ready to go. But, dude, thanks for joining us, man. I appreciate having you, as always, and I'll talk to you soon, brother. Awesome. Thanks, guys. Thanks for having me.
Starting point is 00:30:03 Cheers, man. We'll be back right after the break hey it's john gafford if you want to catch up more and see what we're doing you can always go to thejohngafford.com where we'll share any links that we've things we talked about on the show as well as links to the youtube where you can watch us live and if you want to catch up with me on instagram you can always follow me at the john gafford i'm here give me a shout you know there comes a time and in every podcaster's life it does when uh when you do this and i read i read i read this and I said, man, I would never do that. That's just idiotic.
Starting point is 00:30:46 Who would ever do that? And I just did it. And for those of you listening, what it is is we just did 15 minutes. And when I mean 15 minutes of gold, I'm talking about solid printed gold. I mean, Colt, the way that you broke down and completely analyzed the black, well, first of all, let me tell you what I did. I forgot to hit record. So we were not recording this for the last 15 minutes.
Starting point is 00:31:09 So we're coming back in. But I can't. Yeah, I can't. I can't. Like, for what you missed was Colt completely broke down the whole philosophy behind the blockchain in a way that I think. Yeah. Flat tax proposal.
Starting point is 00:31:22 The flat tax proposal is untouchable. Untouchable. He's going to run for Congress. Yeah. He's going to be voted by both parties unanimously based on this bipartisan understanding. It was. And the way. And how he brought it back to balancing the budget just that quick.
Starting point is 00:31:37 Well, I mean. What you guys think we do at the day shift. There's not a lot of people. We figure it out. He threw it out of the paper, too. He just proved that the Hindus are the ones that actually have it right. Yeah. Right?
Starting point is 00:31:51 I mean, I thought that was pretty well known, but apparently it wasn't. I can't believe the formula. There you guys go. If somebody can scratch that and bring it. Lost to the annals of history. It lost to the annals. You know what? We're going to take that 15 minutes and just tuck it away with episode one.
Starting point is 00:32:07 Lost. Lost to the annals of history forever. Did you guys see what happened Sunday? No, I get that. Well, we got to talk about that. Because, again, I'm sure that you guys remember, but we talked about it a couple weeks ago. But if you're like one degree removed from me,
Starting point is 00:32:22 there's an excellent chance something amazing is going to happen to you yeah there's like an excellent chance i got to hang out with colt you got to get with colin it's that's always one degree that's how much is a lap dancer on the day shift how much is it well yeah 20 but it's negotiable it's negotiable negotiable colt just like brandon does accept coins he does well that's handy yes but no that that's that 00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00,00, oh my god that's that's it grandma's got a jar that she dumps the change into he takes it all oh my god so anyway oh god i'm gonna fire oh yeah one one step removed from me the glory so you know my partner's wife i embroidered in the let's go brandon scandal a couple weeks ago and then this weekend i get a text message from my cousin who's sending me this,
Starting point is 00:33:27 this text chain from him and his college roommate of four years. And it was his college roommate. That was the guy that actually got the Tom Brady 600 ball. And you know, there's a lot of debate out there about, did he do the right thing? Should he have done this? What say you counselor?
Starting point is 00:33:43 What do you think? I think he absolutely did the right thing. I think he probably would have had his hand forced and been met with less generous um remuneration after the fact i don't think so i think even tom brady said he was an idiot for giving it up no he said that yeah last night on uh talking with eli and payton and joking no i think he was being serious. I forget what he exactly said. But he's not callous. He really did say something to that. He said the guy's an idiot.
Starting point is 00:34:09 No, I don't think Tom Brady. I think Drew Brees. Tom Brady was an awful baller, wasn't he? I will. No, he was actually. Oh, he was an awesome. Tom Brady, after playing on Sunday, shows up to do the analysis on the Monday game, and he's already done the scouting report on the fucking Saints.
Starting point is 00:34:23 Oh, my God. That guy is that guy is unreal no and say no but I but I love how I thought I had the inside track here and all the scoop and I had like I had this big scoop I was gonna have today and you know then the reality sinks in with Chris is like oh yeah the guy got this he got that he got this he got that which I thought was pretty funny but the one thing you didn't know that's right this is where this is where we this is where we this is where we part This is where we part because he did get season tickets for the rest of this year and next year. He got a bunch of Mike Evans signed stuff, a bunch of Tom Brady signed stuff, some cleats.
Starting point is 00:34:53 Jergy cleats. Tom Brady did give him a Bitcoin. Tom Brady gave him a $63,000 Bitcoin. A Bitcoin. That's a nice little tipperoo for going to the old ball game. Still not even 20%. Still not 20%. Allegedly.
Starting point is 00:35:09 Half a million dollars. Estimated, allegedly. Estimated football at Oxfam was half a million dollars. Tom Brady. Oh, my God. But I'm with you, though. I don't think he walks out of the stadium with it regardless. He doesn't get out of it.
Starting point is 00:35:18 But tip him 20%. Tip him 20%. Anyway, so he gets that. But here's what you didn't know. He has to play golf with Tom Brady. And the GOAT is going to probably secretly do it. Maybe. Who knows?
Starting point is 00:35:30 I mean, there's a chance. That'd be a pretty cool thing for him to do. That'd be pretty cool if on the low. Because here's the thing. A guy like Tom Brady, you know, he can't go anywhere now. He's up there now with the legends of all time. Michael Jordan goes anywhere. I think Drew Brees could still probably go places and not get bothered.
Starting point is 00:35:50 Probably not Peyton Manning. You have to look at there's a level of fame. I've joked about it a long time. I want John Grisham level of fame where I could still get cool seats at a restaurant, but nobody knows who I am. No one's following me into the bathroom. Tom Brady's at that level where he— Steve Miller band fame.
Starting point is 00:36:04 Steve Miller band. It's brilliant. Do you he... Steve Miller band fame. Steve Miller band. That's brilliant. Do you know what Steve Miller band... Do you know what Steve Miller looks like? I do for some reason. Could you pick him out of a line out of three people?
Starting point is 00:36:10 I could not pick him out of a line out of three people. He could be sitting beside me at a restaurant and you'd have no idea. Because I'd probably start chatting with him and he'd be like,
Starting point is 00:36:16 oh, you heard that one song? No, but it'd be like after two hours of talking about nonsense. He'd be like, oh yeah, by the way, I'm Steve Miller. He'd be like the guy
Starting point is 00:36:22 with the Wu-Tang producer. Peyton Manning called it an amateur move. That's what it was. See, there you go. There's no way he would kick dirt
Starting point is 00:36:31 in the guy's face after that. He kind of, Brady said something back after that. I don't think so. I think Brady appreciated that that was a solid man move.
Starting point is 00:36:38 It was a solid man move. It was a power move. Guy's at a football game. He's probably, he probably makes a few bucks himself. It was a power move. I mean, look, I guess the business lesson from that if there is something is is this is you never know when opportunity is going to serve itself up so keep your head on a
Starting point is 00:36:54 swivel yeah you just never know when it's going to fall into your lap and you've got to be right there to take advantage of it but you also have got to be reasonable about the gain that comes from it and i think this is a big problem people have, is they hold out for too much, they get greedy, and they wait for too long. Yesterday, I was having a conversation, like I said, with my friend Brent Skinner. He bought some crypto at one point. He said it shot up to the moon. And then he literally said, I thought my app was broken because it went up so high.
Starting point is 00:37:22 And I was trying to figure out if my app was broken. And then by the time I realized it wasn't it had already come back down he's like i should have just dumped it instantly when it was sky high so if you have a good position if you get an advantage don't be greedy take advantage of that position but cash out as you go along i mean i think even listen to like dan fleishman talk about the nfts you know he says if you're going to buy a bunch of nfts you know invent don't buy one if somebody's mint bunch of NFTs, don't buy one. If somebody's minting a new NFT, don't buy one NFT, buy a handful of them. And then if the price shoots up a little bit, take your original investment back off the table. Take your Ws.
Starting point is 00:37:54 Get your W back off the table. And then you're playing with house money. If it shoots up, it shoots up. If it doesn't, it doesn't. But don't hold your whole hand all the way to the bottom. John, that brings up another good point. A lot of times in life, people are greedy. It's a general kind of thing that people do, right? Fear and greed are the two things that drive the market, right? Fear and greed. Now, it's okay to kind of be a little less greedy sometimes on the high end, right? So when you were developing this business,
Starting point is 00:38:24 how much are you willing to give up now for something paid later? Oh. You know what I mean? No, what we're doing. Okay, listen, listen, listen. Okay, we're doing that now. I mean, I've got our mortgage company, you know, not to throw numbers out, but our mortgage company will gross in, you know, top line, $770 to a million bucks a month. Right.
Starting point is 00:38:47 And we haven't taken a draw on that yet because that's being reinvested in the national expansion as it goes along. And we just continue to reinvest 100% of those profits back in. Exactly. Yeah, it's what you do because you wait it out. Yeah, but you're not being greedy because a greedy person goes, I want that money now. But I will say this, though. Sometimes it's not just about greed i have the luxury and the advantage of not needing that money sure there's some of that but the people who have a
Starting point is 00:39:12 long-term vision of what they're what they are worth and what the value of their time and assets are worth are the ones that win long term and develop these large banks they're not the ones that take the the short gains and and get. No, I 100% agree with that. And that can happen in anything, right? Like, perfect example of greed is the jockey club. Is it a jockey club? Oh, yeah. At Cosmo, right?
Starting point is 00:39:33 Like, Cosmo wanted to buy that. They're like, everybody hold off. Everybody hold off. We'll all hold out. We'll make millions. They need us. They need us. What they do, put a 64-story building around them where people are drunk,
Starting point is 00:39:45 throwing shit into their pools. People can't even go lay out by their pool now because they're getting hit by beer bottles. So now what do you have? You have a big old net above the pool and devalue that whole project. You've got to be smart at knowing what you're holding, right? That guy probably was smart enough to know, like, there's no way in hell I'm getting out of this arena with this football, right?
Starting point is 00:40:06 Like, give me something. Something's better than nothing at that point. But sometimes you got to look and you can be a little more greedy. But I will tell you this. I like the move of asking for the golf. I think that's great. It's so ridiculous and so out there. You think that's ridiculous?
Starting point is 00:40:20 No, but I think it's just like you just ask for something. I mean, if you're going to ask, ask for the moon. Yeah. yeah i mean it's a place where you get one-on-one with somebody you're pretty much saying i get a four and a half hour four and a half hour day with tom brady let me hang out with you what's that maybe he likes me all i can picture is like with giselle it's like they all get pictures like vegas vacation like cousin eddie right and i'm sure that's all tom brady could picture too like there's no chance I'm doing four and a half hours around this guy shotgunning beers and pulling his pants down on the third team.
Starting point is 00:40:49 Look at Tom Brady! Tom Brady! Just on FaceTime the entire time with people, which is just nuts. It's just nuts. Well, boys, I gotta tell you, man, we're gonna cut this one a little short today because I got a business dinner I gotta go to because we still have a big convention in town and it is friday and if you're listening
Starting point is 00:41:07 to this i mean hopefully it is friday you got something you could do this weekend it is halloween weekend this weekend so be safe out there later's bi-week um but yeah be careful make sure your kids are going out well that uh well well-lit neighborhoods um okay do you think the razor blades and the candy is a real thing Is that a real thing Stupid Scares me Never happens I don't think it's
Starting point is 00:41:28 Never happened Okay but Here's what I'm saying See I think I think I need Like some razor blades And candy at my house Just to keep me
Starting point is 00:41:34 Just to keep me out of it Just have my wife Tell me like You know what I put a razor blade In one piece of this candy Feel free to eat all of it Start biting
Starting point is 00:41:42 It's dude I can't kick it I'm like Pookie From New Jack City I walk by the candy thing And biting. Dude, I can't kick it. I'm like Pookie from New Jack City. I walk by the candy thing and it just calls me. I can't kick it. Just wipe sugar all over your face. Exactly.
Starting point is 00:41:51 I try to kick it. I can't do it. It's crazy. So anyway, man, be safe out there this Halloween. Have a good time. If you're an adult going out to a party, don't drink and drive because the cops are watching this time of year. Come on.
Starting point is 00:42:03 Call an Uber. Be smart. And honestly, even more, if you live in Vegas, it's less cops are watching this time of year. Come on. Call an Uber. Be smart. It doesn't. And honestly, even more, if you live in Vegas, it's less to Uber than it is to park. It is. Oh, yeah. It's stupid. The cost of Uber is 2% of what it could be. And it's.00001% if it goes sideways for you, you get popped.
Starting point is 00:42:20 Yeah. Oh, yeah. It's crazy. Don't spend your night in jail. Don't be a moron. And if you are a moron, call me. I'll help you. Call the law. Yeah. Don't spend your night in jail. Don't be a moron. And if you are a moron, call me and I'll help you. Call the law? Yeah.
Starting point is 00:42:29 Once you're an absolute jackass, pick up the phone and call me because I'll be happy to help. You're a complete fucking jackass. But I think anybody we get you to, you should have your prices doubled if you're doing that. What are you guys doing for Halloween this season? What are you doing? I'm doing nothing. I'm no idea.
Starting point is 00:42:42 You're doing nothing? Cole? No idea. Parents are in town. Take the little guy out. Take the little guy out. Take the little guy out and go trick-or-treating? That's about it.
Starting point is 00:42:47 I take my kids out trick-or-treating. All right. Well, as always, if you want, you can catch me here. Actually, you can catch me on Instagram
Starting point is 00:42:54 at thejohngafford. You can catch Colt on the day shift at Glitter Gulch. Colt underscore Amadin on Instagram. Amadin. There it is.
Starting point is 00:43:01 Connell LV. So yeah, that's it for today, man. Have a great weekend we will be back next week with another episode and maybe we'll recap some of the stuff that we didn't actually record today shout out to slap for cash we did that good lord hey it's john gafford if you want to catch up more and see what we're doing, you can always go to thejohngafford.com
Starting point is 00:43:27 where we'll share any links that we've, things we talked about on the show, as well as links to the YouTube where you can watch us live. And if you want to catch up with me on Instagram, you can always follow me at thejohngafford. I'm here. Give me a shout.

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