Matthew Cox | Inside True Crime Podcast - THE UNDERGROUND WORLD OF CRYPTO SCAMS ( FULL PODCAST )

Episode Date: June 17, 2023

THE UNDERGROUND WORLD OF CRYPTO SCAMS ( FULL PODCAST )

Hey, this is Matt Cox, and I'm here with Lucas and Josh. Last names, you guys want to introduce, Joe? Also known as the blockchain boy on TikTok. The blockchain boy. I just go by Joshua Jake. Joshua Jake. Yeah. Okay.

Nothing too fancy. And we're going to do a video about just basically what they're doing, what they're up to, and we just actually, it's funny because we just talked about Ryan Piena. When I was there, like he did his intro like 10 times in a row until it was perfect. My intros are trash. Like, I'm completely bad at them. I don't even try and fucking make them perfect. Yeah, man, so I'm excited to be here.

We are two people from the crypto space, which has seen a lot of growth in kind of the last year. You know, being a true crime individual, I'm sure you've heard a lot of stories. Unfortunately, it does give the space a bad name because there's a lot of bad actors. but we're trying to really set the standard as far as content creation, education, and just generally growing the space in the positive way. Right. Yeah. I'm sorry.

How did you guys meet? I mean, I kind of figured we'd go over like how you guys met first and what you're Honestly, a great story. It's only been about eight to ten months max. We started off on TikTok and it was mainly just because we were watching these influencers talk about crypto and get their audiences extremely hyped up and then just they'd fall off. see NFTs right now. They're no shit coins. I know we're on YouTube. I don't know if we have to bleep that, but that's what they're called. And ultimately, we just see these TikTokers just post

the absolute nonsense and just, you know, false information and just tell people they're going to get rich quick. So we started on TikTok last March. And from there, we just kind of connected almost instantly. He was on for about a month before me. Yeah. So I got on during the whole GameStop thing. That's when I started my channel. Kind of just doing no BS crypto, no filter. I actually get a lot of hate because I shit on a lot of the projects because I think there's a lot of bullshit in crypto. And so that brings me some heat. And we, we connected because we disagreed about XRP, which is like a banker's cryptocurrency. And we ended up doing a podcast together. So that's how we initially met on, you know, social media before we were even business partners or anything

like that. And then we just ended up going to Bitcoin, Miami was our first big conference. And so from there, I think we went to a couple of hookal lounges and just really got to know each other. And it was just like we just knew we wanted to create a strong business here and just help educate the space because there was just no professionalism whatsoever in crypto so we kind of just took that upon ourselves and we've been running with it ever since studios coming up within a week finally yeah what are you going to do you're going to do a what's the you're going to do a youtube podcast or are you already doing one i mean i i yeah so right now we live stream uh roughly mainly everything's our personal content so we're taking our personal content we brought on another

two creators known as crypto weatherman and crypto wendy and ultimately we are just bringing them all together. So it's going to be our primary podcast based out of Orlando and that is going to be on YouTube, Spotify, Apple, everything. Yeah. That's one segment. So Kryptonite bringing it back to the OGs was founded by me and our CEO Michael Sessa.

It started out just as a trading bot company. We knew we wanted to work in the space and all the trading bots kind of sucked and we had a really smart guy who has a really cool entire platform built out And so, you know, we actually got Crypto Weatherman to improve our algorithm. And so that's, that's one side of things. We've also got the media thing that we're doing, which is the podcast, which is content, trying to grow on Instagram and YouTube. We're also, you know, like I said, we're starting an agency. We're doing, you know, consulting for different projects. So we have our fingers in a lot of different stuff. He's doing an investment fund. Not sure how much you can speak about. Venture capital. Yeah. So, I mean, we finally just went through, but launching a fund, we run. I mean, I don't know how far. Well, everybody's with crypto, but for people just watching, like for Bitcoin, you have to validate transactions, kind of like a hotel. So, like, when you, you know, do a transaction on a network,

you almost have to, like, sign in and every transaction is recorded. So the people that run those miners or validations for those transactions, they get paid and rewards. So ultimately we're opening. Yeah, so that's known as Bitcoin mining. I mean, there's a lot more to it, but we'll keep it very basic. But so we're running a whole fund based off that. Basically, passive income plays for validating network security for different crypto projects like Constellation Network, which is a direct acyclic graph. That's a little complicated. It's, it's, it's technology that, you know, crypto. Yeah, it's, it's a little hard to explain, but, you know. There's a lot to it, but the space isn't scary and honestly, the surface is very, very easy to understand. So hopefully we can shed

some light on that and, you know, we'll talk a little bit about the, you know, scams a little bit down in this podcast. Yeah, there's crazy stuff going on. And that was kind of the inspiration. behind that, you know, my, my, my, my, my bio is no BS crypto, because I feel like a lot of it's hard to understand, and that gives bad actors a way to kind of take advantage of the space. Like, people, people, people will, will talk as if they know something without, without knowing anything at all, and the audience will listen just because there's no real good source of info out there right now. Right. I was going to say, I mean, I've said this like over and over again, like literally you only have to have a little bit of information more than the other guy to sound like

an expert to him. Like, if I just know a little bit more than you do, I own, I seem like, wow, he knows a lot. Why? Because I know a little bit more than you. Like, I don't know anything. I mean, I'm, I'm, I don't really, you know, look, like, I think I have a basic understanding of what crypto is, but I have no idea why it fluctuates, you know, or why the different coins fluctuate so much. I, I, you know, and guys are, I think even the guys trading it, though, necessarily know. Like, I've talked to a buddy of mine, he's like, oh, it's going up, it's this, it's that. I'm like, why? Well, no, it's going up.

Yeah, but why is it going up? You know, you don't understand, bro. Like, it's going up. Like, I'm, I just bought this. And then, but you don't even, but why? We call those moon boys. That would be the definition. And I'm actually, you're probably very familiar with the same people.

It's not even just in crypto. The same mentality behind these people, I'm sure you've interviewed a lot of people that may stretch the truth a lot from what they're actually speaking on. So like you said, they may know just a little bit more than the individual standing next to them. And that is where they gain that following. And at the end of day, they really maybe read the surface or the biography on a book and they act like they've read the whole thing people read news articles and they get treated like gods it's kind of funny but um you know

the the whole space in and of itself is still like super immature the way i can best describe it is like it's like the birth of a new stock market uh and the emergence it's like the of a new asset class and in technology merged into one so while a lot of these are very speculative like there's no real reason that you know doge coin should be worth anything it is but there's a lot of speculation going on and we've seen sort of in the last year and a half two years ever since the game stop fiasco um what makes a stock valuable right is still speculation what makes a crypto valuable is still speculation yeah you have your your your your blue chip stocks that like general electric that your grandfather owns but we're only you know stocks are only worth as much someone as someone is as someone is

willing to pay for them. And I think we're seeing that now with crypto and even more so with NFTs because, you know, what determines the price of something, what people are willing to pay for it, right? And so it's almost like community has been monetized and can you can actually determine how valuable something is by the community, which is crazy. And that's just a basic, you know, kind of overview. Obviously, you have other factors like Bitcoin being adopted as legal tender, which California just introduced a bill to do so yesterday. I just moved from California. I don't think that's going to pass, but they did.

They did bring that into a proposal. So that's interesting. But yeah, I mean, NFTs, it's like your art is absolutely amazing, right? A lot of these people, I mean, this takes a lot of time. This is your own passion. A lot of these people, you can go on, are you familiar with fiber at all? Yeah. So, yeah, so a lot of people can go on fiber and hire someone for a couple hundred bucks.

And then they just, you know, act like that's their art. They push it. They sponsor it and they just sell it off and it just gets left off. So, you know, there's a lot more that, you know, there's a lot in the space for, like, true artists that can come in and have, like, real utility to NFTs and crypto and, you know, create something that has value. But right now it is all down to speculation and you're just trying to find all these retailers that don't, may not know, you know, they're just brand new investors. They just jump in on projects just because, like Dogecoin. Yeah, we deserve a massive bear market for the amount of people I see buying rock, rock images for. a couple million.

We deserve to crash 90%. Have you heard of pet rocks? No. I know what pet rock is from the 80s. So they took that. They took that and they actually made an NFT of it. So they made it digital. So they were selling these images of pet rocks for millions of dollars and one of them

was just a blank paper and it was called the invisible rock. Millions of dollars that thing sold for. I mean, it's just ridiculous. You know, but look, here's, okay, so in prison, you buy a mackerel for 99 cents a dollar a dollar so so you might you buy like mackerel for a dollar okay but to me and so you trade them i know there's no money in prison yeah like they don't have you know in the last 30 years ago they got rid of money so what happens is i've got i've got two mackerel and i want to buy something from you and i say hey you know and you go yeah it's two

mackerel so i go in my locker and i give you two mackerel and then you give it to somebody else and you buy something else and this and whatever you end up making a mackerel profit however it works The point is that eventually those macrules get the crap beat out of them. They're two years old. You can't. The reason to me it's worth a dollar in my bin is I can eat the mackerel. If things go bad, I've got 20 mackerel in my locker, or even soup or stamps. Stamps, stamps would be going for 42 cents, but they're valued at 50 cents because these

are not smart people, so they're not going to be able to, you know, so they just round up. It's always rounding up for the nearest. And so, you know, a book of stamp, even when it was $8 or $9.20, I mean, now it's over that. They were all worth $10. They just round up. Or sometimes it would round down. Like I said, you're not dealing with, you know, the cream of the crop. So, you know, counting their pennies out like, hey, man, that's three cents short.

Yeah, yeah. So, but to me, it's, I can use the stamps, you know? Like, that's what the concept of, and, you know, I'm going to get a ton of people hate them. me for this, like, the concept of, like, buying Bitcoin, like, and you're going to say, well, you can buy it, you could, but what's making it fluctuate? Like, I don't get what makes it fluctuate. Did you just answer that? So, well, so Bitcoin's going to be a general. Yeah, you're going to be a general. He can tell you that very, this man is known as the 12 hours of research man. I go in depth on that. So, like, I cover how Bitcoin's initially

a product that is, you know, because you mine it. So it's almost like, it's, think of it like a macro so like there's someone that had to actually produce that macro which takes electricity which takes a warehouse which takes staff it costs money to make bitcoin before it gets into your hands yeah so in the prison all it is is going to be supply and demand right there's a very there's a limited supply and you guys are using that for trading but behind the scenes to actually create that product that is where the real money is made and that's where these institutions and you know now we're seeing it kind of just take place that's where bitcoin mining comes into play yeah and he's been trying to figure out the average cost of production for one bitcoin because there's

a lot of factors that go into it. Do you ever figure that out? What was that number? Oh, it's just a huge range. I mean, it comes down to how much, like, if you're using renewable energy, if you're using, you know, coal, if you're using, um, people use dams in Canada, like hydroelectricity. Yeah. So, I mean, that's where the value Bitcoin comes from is such a large scale. And that's kind of where we're moving as a society. Like, honestly, that no one knows. You see JPMorgan come out and they're like, oh, it's value. It's worth 15,000. It's worth 43,000. Then you have Wells Fargo come out, like, well, our assumption is it's 28,000. So it's honestly just this range. And that's why it's so volatile because it's a new market. Yeah, it's a combination of

like speculation, the cost of production, supply and demand, external events, and leverage trading. Because people use cryptocurrency. Really, it's like one massive casino because it's so unregulated. So you'll have people in there shorting the market, you know, looking at leverage long positions. You can really try and see what the sentiment is by the amount of people. betting if Bitcoin's going to go up or down. And so, you know, a lot of these huge massive market movements can be caused by a whale getting liquidated and it spikes down. It's not that much money. No. I mean, Bitcoin's, what, $800, 900 billion? That is nothing. I mean, one big, one big investor can really move the market if they really wanted to. So, yeah, the entire

crypto market cap was like, what, $2 trillion? Two trillion. That's nothing compared to your stock market. Yeah, that's like, what, Apple basically? Two apples? since the company of Apple is worth the entire crypto market. So that's why it's volatile. That's why you see it go up and down so much. So when you see, you know, when you have your friend or, you know, anybody watching that has that buddy and saying, this is, this is going to go up. I mean, it can be tomorrow some really wealthy individual can come in and really move that

market, like 20, 30%, just by selling its positions. And it's a lot of fomo, too. So, like, you know, I know people compare it to tulips. It's not, in my opinion. I think it's like we're past that point at this point. If you look at the adoption curve. but it's a lot of that mania because there's a mania attached to it because right now like it's it's getting bad in america when it comes to finances like we have inflation going crazy

cpi data has been off the charts and you know people want a way to actually like make it and crypto is seen as this like you know wild west you can make anything out of something um and so a lot of people feel that like deep sense of like i'm missing out this has to i have to make this um and i think we're seeing a lot of that in like the meme coin speculation from last year because people were putting in like their every dime into like some garbage garbage coins yeah wild wild positions and that's that's when you get to gambling and again that's why we created kryptonite and it's kind of we're trying to stay help stabilize the market because you should not be refinancing your home and you know i always i tell people from day one

like this shit will go down to zero most of this will go to zero make your money take your profits it's, you know, I mean, I hit a great, you know, one of my best investments of last year was into Polygon-Matic around three cents. It ended up hitting like 264. That was fantastic. I sold at a dollar, I sold it $2 and I sold at $250. I have like no Madic left. It went, it went down what, 40, 50% from where the all-time high was. And that's normal in crypto. That's just like average. Yeah, that's like, yeah. So that's where people see that. They'll see someone put a thousand bucks in. It goes up 30, 50x. Yeah. And then, you know. And it's still a great project.

They just got half a billion from like Sequoia Capital. So even though the price is down, the fundamentals have remained the same. But that speculation is where you're seeing a lot of this, you know, massive swing come from. Okay. So I look like completely confused. It's a little bit. No, it's, and it's, well, you know, what I was thinking is, I don't know. So, well, anyway, I don't even know if this is, but when you're saying speculation, this is funny because so in, in Tampa, right?

You know, you know, Ebor City? So anyway, Tampa, there's an area called Ebor City, and I went in and I started buying houses. This is one of things I got in trouble. So I went and I started buying, but when you were saying you can move a market with very little, with very little capital put into it or, and this is based on speculation also. I went in and I was buying houses for, let's say, $50,000. But then I was recording the sale price of those houses for at $200. So I'm buying your house for $50.

But when I went to go record the sale, I paid a little bit of extra doc stamps and I record it for 200. Well, I did that with maybe 20 houses and the average, the medium price of that whole area went from about 75,000 up to over 200,000 in like six months. So what I was doing, you know, obviously I'm doing that in synthetic identity's names and then I would refinance the house, get the 200,000 and just make a few payments, let it all go. But what happened was Here's where the speculation comes in I was buying, I'm going to some guy Who's selling a shithole house Yeah, $50,000.

Nobody can't even live here. Like this is a horrible house. It's a crack house. I go in, I say, hey man, you got your house. I want to buy it for $50 grand. And this actually happened. It was actually an old guy. And he goes,

I want $60,000. And I went, no, brother, there's like 10 other houses I can buy for $60,000. Like, you know, I'll give you 50. It's a shit hole. It's it. Nah, I want 60. Okay, you're crazy.

I leave. Two months later, I come back, there's nothing for 50,000 anymore. I come back, I go, I'll give 60, he goes, almost 75,000. I go, 75,000, you got no windows in your house, bro. It's raining in your house. It ain't going up. And I go, what are you talking about? He's, no, I think it's worth 75,000. That's crazy. And I just leave. Two months later, there's nothing for 75,000 anymore. Because investors are now coming in and buying up everything. So I go, 75,000. Guy goes, I want 90 grand. 90, I go, what are you doing, bro? Are you crazy? Where are you getting these prices? He goes, that house over there sold for $200,000. That one sold for $195. That one sold for $198,000. I bought those house. Like that house sold for $40. That one sold for $55.

Like, I'm working against myself at this point. But people believed it. And then even when the houses would go in foreclosure, come on, I'm buying it for $50, putting $10,000 in it. I record the value at $200, but it's still a shit hole. when it went into foreclosure people were coming in and buying them up for 110 oh my god nothing's changed no one who was losing that is the exact same thing yeah exactly what you're explaining now that's you're hoping extra steps so so with that what happens when you left did that market crash

and those those houses are now probably worth oh yeah i had a buddy i went of course i went on the run but at one point i i remember i actually called him i was on the run and i said hey man so how's it going how's uh how's everything going he's uh bro there's no there's no comparable sales the whole market stride up. It sucks in Ybor City. I can't sell anything. I can't, you know, it was, it was bad. Like he's selling now, people are selling a house as it's going back down, back down, back down, back down. So that's actually, that's the same exact thing as in that. So that would be called what's equivalent to a rug pull in crypto. No, no, no, no, no. What he's doing is buying his own NFTs. That's exactly what that is buying, well, he's doing that,

but he also went on the run and then it crashed the market and no one was there to. It's like when the projects pay to raise the floor. Yeah. So these projects will launch their project and they go, hey guys, as you come in and buy these, if the floor drops me weren't are... Well, you have to explain with the floor. So, so, NFT project drops 10,000 images, right? 10,000 NFTs, right?

And this was actually, Squiggles was doing this. Yeah, so compare it to homes. Yeah, so imagine 10,000 homes, right? And it's all owned by one large capital firm. And they're like, hey guys, this project's really hot because they're sending their money around the back door and buying it themselves to make it seem like it's interesting, right?

So there's 10,000 of these homes. Well, what's the cheapest home? That's the floor price of the home. They're essentially inflating the floor price of that project to entice buyers. Very similar to what you're doing, but it's completely unregulated market. They're getting away with it, and these people are serial scammers. They will do this over and over and over again with multiple projects. It's actually unreal.

It's all anonymous. And these people are making tens of millions of dollars a month. I mean, they had an office in L.A. for this shit. This is like literally what's happening every day, and that's not even the worst of it. If you're saying it's unregulated, does that mean it, are you saying it's illegal? Technically, well, it's technically legal? It's a gray area. It's just a great.

And that's, there's so many court cases coming for that. So it's, I mean, I tell you, we do not advised to do that at all because that's just going to get worse and worse. And I mean, now we're seeing, you know, it's going to come. Their day will come. There's a day of reckoning coming. You know, Biden's about to sign this crypto order. They're cracking down on influencers. They're cracking down on projects.

You know, SEC's got Binance and tether in the scope. But yeah, I mean, we watch influencers do this every single day. Like, you know, you've said, you've had people reach out to you to maybe launch a crypto project. I guarantee you that crypto project is just like what, you know, it's the same thing. And so we have. But see, like, to me, it sounds legit. I'm like, it sounds legit. I don't know.

It's the lack of education. That's why we're so passionate about what we do because there's a lack of, like, good info. If you search crypto YouTube, the first five people, except for Coin Bureau, are probably going to be absolutely. You know they have ulterior motives everyone's trying to sell you something and it's okay to have sponsored content But crypto is plagued by like yeah the problem with that is like you go watch the five YouTube videos and it's all based off the same person they all watch on the top They're just copy and pasting what the first person they watched did yeah because they see the money so then these these and I mean the money's there I mean we got you know sponsorships that will come in and it's like you know you just got to do that properly on YouTube. There's no regulation. There's no one holding these people accountable and they just keep flipping And even if you do have good intentions, like, you have to vet projects really well. Hi, my name's Matt Cox, and for $1 a month, you can sponsor a felon.

So, unfortunately, I'm not going with the $1 tier. We're going with Patreon, and Patreon, I have three tiers, and some of those tiers give you full-length, or access to the full-length videos, other tiers give you a painting, a different, unique painting every single month. you'll get a different painting thank you and join my patreon okay so I've uh so this is what I was gonna mention is that and we we talked about this earlier is that like basically the Department of Justice two days ago said that they came up with their own crypto team to look into all of these different scams right so that's like

that's we know we already kind of touched on the scams I thought we were about like you guys met everything but we'll just keep like you said let's just yeah let's roll it man there's no there's no uh It just happens. I mean, we go back to that, if you like, and then, but whatever it works. Yeah, so, I mean, so what, like, can you think of any one, any one particular scam that, like, the setup of the scam? Like, what happened? Like, some guy, I watched a video the other day with this guy with my, the guy that runs the YouTube channel for me.

His name's Colby, and we watched a video about this guy who came up with, I was called, like, the billion dollar coin. Oh, yeah. Of a YouTuber, right? Yeah, a YouTuber, and he's pushing it, pushing it. It's funny because he did so many different videos on it. It was pushing it. A million dollar coin or whatever. A million dollar coin.

And then he, one of the videos, he's talking about this new coin that just came out. Like, he has nothing to do with it. And then another video, he talks about how I just came up with this coin. And I'm not telling you to, you know, I'm not telling you to buy to this. You're going to make money. But, you know, and then he starts talking about how it's going to make money. It's like, you don't seem to understand. Like, I know guys that were in prison.

that were running like pump and dump schemes or guys that were doing stuff like giving a false earnings you know false earnings uh claim where they're saying like if you do this this will happen like they're giving numbers if you buy this much this is what's going to happen over the next three months and convincing guys that well you can't do that you don't know that you know and they would tell them that and then they end up in prison so it's like the stock market in the 80s that's the best way i can put it yeah and i mean pump and dumps the exact word that that's that's all this is i mean with influences we see it at a time time and time again. I think the thing that grosses me out the most is charity. They will launch a token and they'll be like this

we're going to give away 5% of every transaction to a charity. Right. Right. 5% who cares? Where's that 95%? Yeah.

And there's no like public donations. You know, like first of all that's a fed by the way. I'm just like on the federal guidelines like that that's an actual that'll actually get you

an enhance. They call them enhancements. Like my crime for $6 million I should have got five or six years. That's about what it, but then they have enhancement. Did you use a specialty device in your crime? Like, did you use, let's say, a computer, special kind of computer program? Yes, that's an enhancement.

Two more points. So they add up the point. Did you change jurisdiction to try and invade detection? Yes, two more points. Did you use sophisticated means, which means what, did you just stick a gun in someone's face? Or was it a complicated scam? Mine was. I got sophisticated means.

Did you, like they start, did you use alternative identities? Yes, I did. that's an extra uh one of them by the way is did you use also victims if you have more than five victims 10 20 i have over 50 then you get so many i got like six extra points the other one is one of them is did you use a charitable institution in furtherance of your crime wow i got that did these i actually got that because and here's all i did was at one point during my scam sound bad it's not I was surveying homeless people to get their identities

oh my god I mean we're past that we see this we see this every day with influences and I mean I'm glad he brought because we don't know anything across the law all we do is what can we do not to get to that point you know and all these influences everything you're describing right everything you just said

I've seen one person do that all in one one go oh yeah one go um you know uh like there are known actors in this space that have done this over and over again with like one to two million followers too yeah and they do it over and and i don't know how their audience doesn't learn that's what we tried to just he built his entire channel around calling people out yeah i did exactly i mean there's i mean i'm not going to even give names just for those these people don't get you know extra views yeah stuff is already this this guy going around right now that's

doing a road from like one million to a hundred million promoting the dumbest tokens in the world that are just, just meat. He owns 30%. Let's say that you had a company, right, 100% of the shares. He owns 30% if he sold his coins, he would take the price. It's worse. There's not even enough liquidity. There's not enough money in the market for him to sell.

That's how much he has more than that. So if he were to, you know, he's making all these videos, pumping up all his audience, growing up, you know, meeting celebrities. And it's like. And this is like a small fry. That's a small fry. You know, there are some people who I've seen, and I've like even interact. with who've been like, you know, doing an

NFT project or like you see a lot of rappers and celebrities do like NFT drops like big hip hop artists Have you heard of a face? Oh yeah, do a little Uzi Little Uzi Verit. He's a rapper from Philly and you know He did a huge project.

He had a huge discord, huge community I think he made a couple million And then all of his Twitter was gone He deleted the posts. They're basically using their followers as as liquidity You know and then yeah exactly and and it's every time it goes unpunished i have not seen a single person jailed investigated or fined and i'm like where does it end there needs to be

not a single person there needs to be some accountability here it yeah i don't know i was gonna say it's it's funny um it because typically what happens is i've talked to guys who are like you know if you they're like yeah you know it's funny because like if you steal this much money from, you know, you can steal a little bit of money from a lot of people and not really get hit. But if you steal a lot of money from a few people, well, then they come in strong and they'll, and they'll look into it. But I mean, I wonder, I wonder it's because it's speculation that they feel like these people aren't losing that much money. But some people are, like you said, refinancing their house. They're dumping $60, $100,000, $200,000 into some

coin. Then it takes a dump. And the next thing, you know, they're trying to get $20,000 back. The most, one of the most recent ones, I think, was Ice Poseidon, who was an IRL, he was an IRL streamer. So this guy had 700,000 subs on YouTube. Um, I watched him as a kid, uh, you know, same thing. Launches a token. He promises all this stuff. He's like, I'm going to do this and this.

They call it a roadmap. Okay. Right. That is the glorious white paper of what they're going to provide for that token. Launches the road map. Of course, two weeks into it, like the kids, probably the laziest kid you'll ever meet in your life and he just stops working on the project, right? He literally said this.

He got him on camera saying, hey, I'm bored of it. So there's this thing called liquidity, right? So you can provide liquidity essentially so people can buy and sell this token at a steady price, basically. Yeah, so it'd be like, in prison, it'd be like the macros. Like you know, there's only so much. We're trying to relate this as much. Macrels. Like fish.

They're fit. Oh, it's macrules. Yeah. It's a fish. Oh, wow. You could eat the macros. So, okay. Or it could be tuna.

So, whatever. It would be like someone just brought that and they like provided that. So that's how much is in. So it's a big bowl of macros. So there's a big bowl of macules. That's the only worth $500,000. You know. Okay. So they can always get that. Yeah. So there's always something. He's the only person that has access to that. Exactly. Oh, okay. So continue. So you get something. Yeah. So you, but it's for the community to be able to buy and sell this token. And so it's not a dead project. But when you remove that liquidity, you remove the macrills, it's called pulling the rug from under someone. And so the term is known as a rug pull. where you leave the project for dad, delete everything, and take the liquidity. And so he takes this liquidity, and everyone is basically screwed. You can't sell it, like, for anything. It's basically gone, $500,000 worth. And so this guy named CoffeeZilla, we were in an article together. He's got a really good YouTube channel.

Shout out CoffeeZilla. He exposes these people. So he gets him on a phone call, and he's like, you know, you probably remember it better than I do. Yeah, so he gets this guy on the phone call, and he's like, what are you going to do about this? He's like, and he's, all he wants is the guy to admit it's a scam. Right. You scammed your audience. You had, you know, two, three thousand of your followers believe in you and put in tens of thousands of dollars.

And I mean, probably actually millions at that point because there's about 300,000 locked up in this bowl. So he goes, the guy just would refuse to say it. And at the end of it, he gets him the quote. He's like, so are you going to give them back the money? Because he has the money, too. Yeah. He could just give it back and then just be like, okay, we're going to close the project. Nothing wrong with that, right?

He goes, I'm going to look out for myself. So he took 95% of that cash, which is roughly $300,000. And then he's like with the other, he's like, he left like 30,000. He's like, well, whoever wants to go sell and get that 30,000, they can have that. So he took 95% of their positions. And he literally said, live on camera with this guy who's, he's honestly the only investigator pretty much in the space. You don't have your. No, Zach, XPT is pretty good.

Zach is well on Twitter, but very few people. But he got them publicly to say, he's like, I'm going to look out for myself. I'm going to take this money. you know and nothing ever happened nothing nothing happened nothing will happen i don't think the SEC will make examples of a few people i want to name they're got to be big fish though but they got to be big there's just tons but there's tons of them out there so many people the problem is number one crypto there's a lot of anonymous people the biggest the biggest scammers are the ones you'll never hear about like on on twitter you'll see threads of people stealing tens of millions

and very rarely do they get exposed with the squiggles stuff that that was recent a serial ring of scammers. But a lot of people are anonymous. The government does not understand how crypto works or the blockchain works at all. So I don't think they're going to get around to that anytime soon. And there's just so many of them. It's like, how are you going to, who do you go after first, right? Right. And people, people are like, oh, they won't come after me. I only have this many followers. I only took this much money. But I hope that they do make examples of people for this. Because it cannot go on and crypto be taken seriously. It's that bad. And that's, and it rubs back into what we're doing at Cryptonite.

That's, you know, you see us with Chris and Sam with, you know, Florida Blockchain Association. This is, you know, we are there with the influencers on the front line. We're watching every single person that does it. So the end goal is to build like an actual crypto entity where it's like, you know, we're not going to work with these people. And hopefully there's going to be a sense of professionalism and a line that, you know, this will die out. Because right now it is like, again, just the Wild West. There's nothing stopping it. Well, you know what you know credit card forms are, right?

So credit card forums are these, mostly they were run by like Russian, you know, cybercriminals. And they would set up a form where you could buy and sell credit card information, you know. And even when they, initially when it happened, when they would catch the guys, they'd give them slaps on the hand. Like they'd catch a couple of guys doing counterfeiting or the credit cards or stealing the, you know, like the first hackers that got, got prosecuted. It was only a couple years here, a couple years here. Now when they get them, because they didn't really understand how bad it was and how much of a problem was.

But now if you're a hacker and you get grabbed and they're giving them, you know, 20 years, 10 years, 15 years. I mean, it's out. The sentences are just massive now compared to less money than before. Like the guys who were stealing, you know, we're getting, you know, $100 million, we're getting a couple years. And now the guys that are getting, you know,

$10 million are getting 20 years because they just start, you know, once they get into it, and they figured out and figure out the damage that's being caused, then the Department of Justice just goes nuts. And every time they get a hold of, they're like, they just throw away the key. I'm honestly, like, I wish we could, like, fast forward.

I mean, I'm going to love these next five years, but I think it's going to be super, it's going to be crazy with how many people we know that there's going to have to be a handful that at least get picked off just that are made an example. Because we know so many. I mean, almost. It's a very small space. Like in crypto, everybody knows everybody.

Everybody knows everybody. Or you're one person from knowing. Yeah, like even even the people at the top, you know, I've had public beefs with people who I thought were less than stellar and they, you know, they have millions of followers. So it's not a very huge space in terms of like who is actually in here doing stuff. And also it's like the same couple venture capitalists that are turning out some of the same vaporware. So I mean, yeah, I think the next like five to 10 years is when we'll see a lot of the hammers start to fall. And that's where we want to kind of take advantage and be like,

hey, guys, screw those guys, right? This is legit. This is where we want to help educate people. This is what we're doing. And here's how we're doing it. Yeah, we've been saying this for two years now or three years. I've been saying this is what's going to happen. And then you get to sit there and watch it happen.

Yeah, you can usually see when somebody's on the wrong track. And I can't tell you how many people met me and said, you're going to prison, bro, for sure. I was like, you're crazy. Then five years later. 26 years. You know, so I was like... 26?

You were right, bro. Was it 26 or 13? No, no, I did 13. There's gain time. I got my sentence cut twice. Okay. Oh, bro. Listen, I was...

Wow. I wouldn't take in it. Still 13. You know, 13's... Federal or state? Federal. Oh, man. State crimes?

Yeah. Only, only federal. You heard of here first. He's a big player, okay. Yeah. I was going to say, yeah. I met her in the halfway house Ah

Okay That's what worked out It was meant to be It was meant to be A 13 year learning experience It was meant Yeah the 13 sounds bad But honestly

The first 10 years is the hardest The last three years Was no problem Homestretch Yeah Yeah Walking the park I mean you know

I think we're gonna see A lot of Jordan Belfort types Kind of kind of go to prison For some of the shit That's going on But like he got Nothing I'm saying Because when it first starts happening, he did a couple years.

Now if that happens, these guys are getting 30 years. Belford did like over $100 million in loss. Now if you do $100 million in loss, you're getting 20 to 30 years. So that's what I'm saying. When it first starts happening, they don't really, they don't really know what to do. But then when they realize, oh, wait a minute, what's going on? That was a ton of money. He did know.

He should have known. Look, if nothing else, even if you're not licensed, that's another enhancement, by the way, if you're licensed. if you're licensed and you did something wrong you get an enhancement why because you knew better but the truth is if you're asking people in any way for money in any way you have a fiduciary responsibility

to those people and a lot of people say oh it's unregulated it says that doesn't that doesn't mean that you don't have some responsibility you just ask someone for some money and you know even if you didn't say it even if you're clever about saying it

and I know guys that were clever like you can't believe clever that could convince you, you're going to make a ton of money, and they didn't say a fucking thing wrong. I'll give you an example right now, vending machines. So if you buy a vending machine, this is, this was this guy's pitch. His name was Andrew Levinson. He was amazing. Andrew Levinson stole, was it $30 or $40 million selling Red Bull vending machines. So really nice guy. Anyway, degenerate gambler. But still, whatever. Good guy. So what he would, what he would do is he would, his pitch was, so you would say, hey, I want to buy one of the vending machines. And you'd say, okay, great. Well, obviously, you know where you can put one here, you can put one there, no big deal.

Okay, fine. And you go, yeah, yeah, no, no, I know, I can put one in my kids' school. Right, you can't. You know, I can put one in the local 7-Eleven. You, because I see him there, you can't. You know, like, he knows all those spaces. He knows that you're going to have a hard time finding a place. But let's say you find a place. Okay, so you, so you say, yeah, yeah, you'll find a place. it's easy not you find a place so how many how many cans an hour do you think that machine make and you go or will sell and you say um and every hour yeah and you go uh at least 10 no no that your number's 10 let's cut that in half let's say five so at five can so how many hours a day is that thing going to sell well i mean the store doesn't have to be open 24 hours well

let's cut that in half let's say 12 okay because that's people aren't going to be up at 2 in the morning. Oh, yeah, yeah, yeah, okay. So now, okay, so we got five, 12, so 60 cans a day. So you're making $60, you know, a day because you make a dollar profit, whatever. So you start adding it up and then they go, okay, wow, so I'm going to make a profit of, let's say, $500 a month. And you go, okay, well, that's your calculation. Well, you came up with those numbers and you, do you want to buy this machine for $3,000 or $3,000? You'll get, you know, at that. If it is $500, which is your numbers, will you make all your money back? Of course, I'll make all my money back within a few, what, eight months, seven, eight months.

So you go, wow, that's great, that's great. But the truth is, so you gave him all the numbers, right? You gave me the numbers. But the truth is, he already knows that the average vending machine only sells one can every four hours. But you, right now in that scenario, you've convinced yourself. He didn't have to do a fucking thing. That's literally exactly what happens. That's three years of ROI, yeah, you know.

That's if they find spots. I don't know a couple people that do vending machines and like, but they actually. They find a spot. They have spots. And they tell me they're like, it's so competitive. Yeah, Mahmood fills up the soda machines. We have a friend named Mahmood. He has, he works at this hotel on the weekends and fills up the soda machines.

Yeah, he knows that more better than anybody else. Yeah. Even if it, look, even if it's every two hours. I mean, the point, you know, listen, and that's a good spot. You got a good spot. Maybe it's every two hours. If you got a great spot, maybe it's three an hour, you know, the point is most people don't have good spots. Yeah.

And, but listen, Elevinson, Andrew Levinson, when Andrew Levinson, when Andrew Levinson, and talk to you. I'm telling you I wanted to invest in vending machines. He was amazing. He was amazing. But I sold myself. He just asked me some questions. But he's so good.

Like some of these guys are so good at it. It's like when someone, you know, someone will make a connection that isn't there. They'll say, hey, this cryptocurrency is tied to this. You know, the federal. So XRP is the most controversial cryptocurrency because it has the most conspiracy theory. And they're selling people a dream. They go, hey, look, the Rostled family owns. 8% of XRP.

Like Rockefeller. They tried to tie that stuff. Yeah, yeah. Yeah. But in reality, it's like, oh, technically the Rothschild, you know, they own 8% of a company that has, like, a small percentage of, like, the founding company that owns XRP. So, like, there's, like, just, it's almost no connection. Three bridges.

Yeah, yeah. You know, it's on, every road, you know, attaches to each other if you think about it, you know, but that's, that's what they do. They have these people convinced that, that the federal government will buy back their XRP at a price of $10,000 per XRP. To give you reference, it's like 50 cents, 60 cents. Yeah, so this is actually kind of relating back to how we met. So when I first started on TikTok, this XRP thing was like what, it just, it fueled me.

I was just, I'd be angry because you'd see like million, like million viewed videos, but people saying, oh, this is going to go to $500, $589. Let me get, this number came from a Simpsons episode. That is what these people are relating an investment to. So it's like, you know. And he was a big XRP guy, but he wasn't crazy. I just, he was realistic. I study like your monetary policies and just, I, I knew how the money moved.

So I was like, even if they were to get every single ounce of, like, every, like you went and shook out every single cushion from couches in all the most, you know, poverty nations in the world everywhere, there still isn't enough money to make that, you know, to make up for a $10,000 or, you know, whatever they wanted to believe it to be. To pay it out. That doesn't make sense. So they, but they, people are pitching, you know, to their audience. They have two, three hundred, a couple million followers that, you know, the Federal Reserve is going to sign.

They love relating this back to gold in the 1930s when Roosevelt sold from everybody. And then they took it, they sold it for $20. And then the government turned around and was like, oh, well, we're going to actually, it's $35. So they take that theory that that's going to happen again in today's, and where we're at, because there's going to be a great reset and they love to say. And it's going, they're going to just announce it to be $10,000. So now, and what I have the problem with that, that's just a, maybe there's a multiverse where that exists and something were to happen, but what you're telling, you know, your million followers and these investors, they're putting, like I said, I've had people call me in the refinancing their homes. They're, you know, putting in their kids college tuition. And this thing's volatile. It's dropping 70%. You know what's funny about the guy Levinson. You know what he told me? He said one of the ways he sold people, if you were even started to question like, I don't know. I'm not sure which area, because he sold Areas also like I'll only sell you in this area. I'm not sure that this area. Oh, no, well, that that area. You can't buy that one. That one's already sold. What? Yeah, that's sold. No, but that's the area I wanted. It's sold. Okay. We've only got the six areas. There's only these two left. So it's these two. And we're talking to somebody right now about this one. But yeah, we haven't sent the money yet. We sent him the contract, but we haven't got it back yet. So, wait, wait a minute. And he told me he was, people are more afraid to lose out. I don't know.

an opportunity than they are at losing their money. They would rather lose their money than lose out on an opportunity. If they still have their money, but they're lost it, they feel bad. They feel worse, keeping their money and having lost out on the opportunity. I was like, are you fucking, you said it was, it's just psychology. You just have to take it away from them. That's exactly, they call it the flip of the switch. Well, you're going to miss out on the flip of the switch.

When the monetary policy reverses and everything goes into this new world order, like new world order that that type of stuff that's what they're getting into and i mean you it's it's wild it's wild how many people are putting just money just all that i i have buddy i have guys all the time that hit me up and they're like bro if i'd only invested in this if i'd only done this if i'd had this like literally they're calculating every other day how much money they would make had they invested what two years ago in this is like what are you doing bro you're beating yourself over the head for nothing and i do want to clarify because i know like the company itself like they meet quarterly earnings. They're actually, like, it's called Ripple, and then they use XRP for cross-border

transactions for just international payments. They're actually doing really well, but me, I'm realistic. So I look at a $5, $10, you know, maybe $5s, 10,000. I think it's going to zero, you know, personally. He has his beliefs, and that's what makes his great business partners, you know, but at the end of the day, it's, you know, that's, it's just one of those, it's a, I don't know what the word is, but like a false, not ideology, but it's like a cult. It's just a fake salesman. Hey, speaking of cult, you know who you should bring on here in about, I don't know 15 years when his sentence is up okay joking um no there's a guy named richard heart um if you want to talk like you know i'm not going to use psychology psychology let's say let's talk

psychology i mean brainwashing is so his his psychology is insane he is one of the most well-spoken individuals i've ever seen and he basically what he's done right is he's created this thing called hex and essentially what he's doing with hex is it's a certificate of deposit, right? So you, you know, you buy some hex, you stake it, you know, you lock it up for a period of time. And then it unlocks, you know, after a certain amount, right? And so the way, in my opinion, this is not, you know, this is just my opinion. It's not anything like, I'm not saying this definitively. But in my opinion, how I think it works is that when the hex unlocks, right, the people who are now getting into hex, buy that up. So there's liquidity for the people before to exit that. like a Ponzi scheme well I'm not saying we can't say that I'm not saying it is you know but I'm saying there's it's our personal opinion yeah I mean

you do have to have someone come in and buy underneath you or maybe a multi multi level marketing but it's gone up it's gone up a lot it's worth probably like what a billion? 56 no 5060 billion I think well the numbers are inflated I don't really know because they they don't actually show this on any of the

mainstream websites because they they don't believe that it should be listed there let's just say that But there's a whole community who was just dedicated to hacks. And they think it's like the next best thing. There's actually, you know. It's a very interesting space. Yeah, Richard Hart, he's going to be your guy.

You just watch a video, you'll understand. It's very well-spoken. He's much more conservative. It's an interesting space. It's, uh, yeah, he's very, very well-spoken, though. The guys, you know, you'll understand as soon as you, you know, just watch him speak. No one can't, you can't debate them. No.

You can't debate them. You can't win. No. But, you know, it reminds me, you know, someone. Our thing is like, is like every time we have an argument, it's hard to win with me in an argument. I'm like, that's because on my drive to get to the argument, I've had it in my head. I've had the argument about 40 times. So every single thing you're about to say, I have a rebuttal already for it.

So you might as well just accept the fact I'm going to win. Can we now go to dinner? I'm going to win the argument. Yeah, Richard Hart, he's like, he's got this like, he emanates his, his, his, his, his, 12, right? So he's like, he's actually quite rich off of certain things. And, you know, he has like a bunch of chains. You know, he's Rolex collection in the background. Louis Vuitton vest. Pretty sure he has his previous company around. He wears that old symbol around his neck. It looks like a FU. He's good homework. Yeah, he's good homework. You know, pretty if you look into later. But, yeah, no. But they, you know, they always attack me because I call it, you know, what it is, in my opinion. And it's interesting. And even after the concrete podcast, they were all over. When I met, because I had a brief segment about that with Danny, and, uh, they were all over on Twitter about that. But yeah, no, I mean, they got a huge community. They call themselves hexacons. Yeah, he'll have hexagons and the XRP army in here. Oh, yeah, you got the two most toxic

spaces, uh, about to come down and, hey, good engagement, you know what I'm saying? Controversy sales. Controversy sells. That's, that's, I like to stir the pot, you know? I understand. It's, uh, it's fun. Yeah. What are we doing? you want to wrap it up what do you want to do is there anything else do you want to talk about can you think of or we don't want to get too technical because it's like we i'm already confused yeah yeah like we can go technical for yeah we can we can sit here and talk about like the the ethics of how about is there anything you would like to like anybody just want to do you think would just yeah you have any general questions i mean my my general i mean look you know

unfortunately my general question if i were to ask the question you know my whole thought process is like how did these guys what's the question ask the question I just ask about this entire yeah he's he was already just before we even got here I was watching a few days ago isn't XRP can't trade it now oh yeah so they're in a middle of a lawsuit oh the SEC so this is XRP can't be traded so this would actually be great so Ripple was the company kind of behind the development of XRP, the token, right? So they're being sued right now by the SEC for selling it as an unregistered security. That is the whole lawsuit.

So the investors, and this was from 2012, so now the investors that are in XRP, there's this huge backlash in the community as the, you know, the SEC waited eight years, 10 years to file this lawsuit. So, you know, on the SEC side, it is kind of burnt. Like for the amount of time it took to actually come here, now there's all these investors. But, well, realistically, I have to agree with Josh. I don't think that it should be classified as a security.

The only issue is that they had it trading as Ripple, not XRP, so people could have been, people were confused in 2017. That's a huge issue. Yeah, so XRP and Ripple are not the same. Even though the holders of XRP, they just created it to use it in the product that Ripple has. Yeah, there's a company in the network. They use it to transact for cross-border payments. It's instant. You don't have to use Swift.

Swift takes, you know, seven days sometimes to send the U.S. dollar to a euro. You know, you have to, there's a lot of money involved in that. So, um, they created this.

So now, you know, the influencers, or, and all these XRP holders, it's funny because they always go, it's separate than Ripple. But then they rely on everything that Ripple does and the success of XRP.

And that is where that controversy comes in. So the SEC is now in there trying to figure out there's a lot of gray area. And this is taken now over a year. And it's probably going to go all the way through 2022. But they're numerous lawyers. You know, your judges have just now switched to a more prominent judge. Well, keep in mind, they've also, the Ripple, Ripple has been selling XRP on the open market for years. They've basically been using...

They don't have to supply. They've been using their investors as exit liquidity the entire time to fund their company, basically. And this is something we see several projects that I have criticisms of do. Now, every project has to have money. They always have to raise money, you know, to get started. And there's team tokens and to help. marketing and stuff. I can understand that, but half the supply is, is, is, is utterly insane, you know, I have also gripes with, you know, other projects that do similar things, but

XRP is the best example of that. So I don't know, I think for the space in general, it'd be nice if they won, but I don't necessarily, even if they win, I don't think it's going to be crazy. Yeah, so like for what they're trying to do, I mean, they're sitting, I'm familiar like the international standardized organization, that's going to be, so just, I'm going to keep this very simple. This is just for your global banks, there's an organization that creates the financial messaging systems for them to communicate. That is all it is. Okay. So they sit on the board of that. There's like 30 banks that all are on that and they all help develop these codes so that way we can advance and just you have to, you have to track all that messaging. Yeah. So like for

them, like their company, they're killing it. They're quarterly earnings. Like if you're trading stocks, their company is all that. Every quarterly earning is, you know, positive. They're more growth, more use, et cetera. And then XRP is used in some of their products. So again, I do think it's going to, you know, it would be great if they won because I'd bring a lot of clarity to the rest of crypto. And like we've had this whole, to all this whole conversation today, we need. I mean, there's a lot riding on Ripple right now.

Even if I don't like them, I still hope they win because it sets the precedent, right? We're at a, we're at a very key, crucial moment in the space where we're either going to see innovation continue to flourish. We're going to see some really nice technology kind of develop over the, the next couple years or they'll crush the space with a hammer and it'll move to europe like it's already doing yeah so it's just probably it's the most important lawsuit i'd say right now in crypto yeah i still root for me even though it's like fuck and it's going to it's going to give us those yes and those you know yes you can't take you know money from a bunch of investors then fund your

company and you know dump it on your investors yeah you know that that would be the same the same you know that would be the explanation of what's going on now there's a lot more technicals We would love to get into that. That's a very high level thing. It's a very high level conversation. But it's going to be, yeah, that's going to be the number one lawsuit that's just in crypto right now, kind of leading the way to set presidents on what's going to be right and wrong. Right. Because, oh my goodness, I would love to see some of these influencers just get wrecked.

Yeah, that'd be nice. Like, they just need, like, what you listed off for jail time? I mean, we've seriously seen, and some of these people are friends to be going to be going to. You know, now they're taking a couple million dollars. Like, oh, we're just going to let that project die out. Right. You know, we made the money. Community got what they wanted.

I know a guy who, I mean, I'm not one guy. I've known multiple guys, but I mean, I don't know a guy who would go out and pitch investors to, he would have a company. So he'd put together prospectus on the company. And it looks pretty solid, you know, but the truth is he knows that it's probably not going to. It's probably going to go under. But he pitches it like you can't believe any. He would raise like $5 million. He'd keep a million.

They'd put $4 million into the company and then it'd go under. He knew it was going to. He was like, listen, I would always tell everybody, look, nine out of ten, these things go under. But if I had to bet on one, this is the one that I would say would succeed. Oh, my God. If I, if I've not heard the very sentence that you just said every time. Because we get pitched. Even I say that.

You know, with these projects, I still make money and trade them. But I'm like, I'm not holding your shit. It's going to fucking die off in six months. When we ask our number one questions, what's your use case? Exactly. Well, you know, we want to be at this point in two years. And we're going to be better than them. we have this and this we have my favorite line is we have Silicon Valley investors we have

people from Silicon Valley on team dude some of these guys we've literally caught them red-handed they work at like best like they they they like we worked for I worked for Apple in Silicon Valley he was an associate he was the store he was the associate you know handing your phones on your phone you know and also pitches they go at you these Silicon Valley VCs are a leech on the space they'll come in like these venture capitalists will come in they'll fund a project they'll connect them they'll get the hype going that the price of the token will absolutely be slaughtered. If there's 10 VCs in a crypto project any more than like five or six,

I get really suspicious because they will instantly sell those tokens. They'll get their tokens at a reduced price in the pre-sale, right? Nothing fine with having a presale if you have a decent investing schedule and strong tokenomics. But they just, they don't. And so what they'll do is they'll hype it up. The price will go up 20, 30x. And they will literally sell every cent that they're able to sell and just rake it They do it right funny.

They'll, because it's pay to play on Twitter. It is. You can just pay for promotion. So they'll just come in and build an entire web page that's, you know, like terrible. Yeah. And then they'll build an audience for it and say this is going to be the next biggest project. And they just dump and then that product, like you said, it just, it just fills us out. Listen, that's a great.

It's a great scam. I mean, I understand from the point of view of the actual, you know, consumer. Yeah, it sucks, but or the, you know, the investor that's investing in, you know, it sucks. But, I mean, it's a good scam. Like you said, especially since, maybe. Maybe not so much now because they are probably are going to start slowly, start cracking people in the head. But still, for every one person you catch, you know, there's 50 or 60. Oh, I mean, and you could.

And there'll be 50 or 60 that come up afterwards still. Yeah. They just, you know, now people even pitch to it. It's not even just like the venture capitals. It's even like you said, like I would sell you on a dream. Yeah. It's like, if I had a bet out of nine to ten projects, this is the one. Because seriously, 10 projects doing the same exact thing will come to us.

Yeah. Same exact project. Like, we're going to take. So how are you going to take? get there you know and I don't think we've seen one actually besides dreams quest sadly that was oh they're they're amazing but I uh I partnered with a company in the space called Dowmaker to do a launch pad um to help these early stage projects like uh basically incubating them and we turn away so much crap and we have we've like we've we've even like rejected projects that we've worked

with uh because even if they have great products the team is just there for a quick buck so like I have like this firsthand experience with these shitheads who are literally just here to use the space and fuck everyone else over. And it's frustrating because there's a lot of people who are actually trying to get funding who are doing really cool stuff. And so that's one of one of the things I've been trying to do to kind of grow the legitimacy of the space. And we're specifically on the BSC, the Binance smart chain. Because that space, the Binance smart chain was where all the shit coins was. It was cheap transaction fees and a secure network. Well, secure. it more secure than most things.

Compared to Ethereum, it's like, eh. But, you know. And all this stuff is happening in the space. But I would say, like, especially for anybody watching, and even you as an interval, there's so much opportunity. You know, even from us, you know, developing our entire, we have four business models now based off of it. And there's a lot of utility behind artists coming to space with NFTs

and even launching your own crypto project. I think anybody coming to the space, if you're... As much shit as we talk it, it's still the best place to be. Because it's just, those are the people we're trying to find. And that is the point of our podcast we're launching. We're trying to find the projects that have, you know, they're the next Facebook. They're the next, you know, Amazon. They're going to be here.

You know, we've got to filter, Matt. It's just like the dot-com bubble. You know, you saw how many, I mean, even some of your biggest billionaires like Mark Cuban got rich because of the dot-com bubble. Well, they sold companies that are completely gone. They went under after the crash, you know? Yeah. And it's the same thing that's happening now, you know, so.

Yeah. All right. All right. Thanks for having us on. Yeah, okay. Hold on. All right. So, uh, if you like the video, do me a favor, hit the subscribe button, uh, hit the, um, hit the like button, hit the bell, notifications, leave a comment in the comment section. And I appreciate it. I'll see you.