Tech Over Tea - #22 Investing & Crypto Media - feat ScottCBusiness

Episode Date: July 29, 2020

This weeks episode of Tech Over Tea is a fairly short one but I think this is one of the more informative talks. My guest this week is none of than ScottCBusiness known for managing to monetise doing his taxes in the form of monthly investment updates, his reviews of crypto media platforms and interviews of important figures in the crypto space. We chat about LBRY, getting into investing, the struggles of starting out in crypto and much more. ==========Guest Links========== Website: https://linkly.co/scottcbusiness ==========Affiliate Links========== ► Amazon USA: https://amzn.to/3d5gykF ► Download Brave: https://brave.com/bro479 ► Join LBRY: https://lbry.tv/$/invite/@BrodieRobertson:5 ► Join Minds: https://www.minds.com/register?referrer=brodierobertson ==========Support The Channel========== ► Patreon: https://www.patreon.com/brodierobertson ► Paypal: https://www.paypal.me/BrodieRobertsonVideo ► BTC Wallet Address: 1Aokiv3pFQXUEmh2LbzZQAwxMvq6bpT2UN ► ETH Wallet Address: 0x80451867c86bdf08c3888d407c1e3fcb6add61ed ► LBC Wallet Address: bLRN9fm17sCexKfgbYqmMj5xskZF2ogpEh ==========Video Release========== 📚 LBRY: https://open.lbry.com/@TechOverTea:3 🎥 YouTube: https://www.youtube.com/channel/UCBq5p-xOla8xhnrbhu8AIAg DISCLOSURE: Wherever possible I use referral links, which means if you click one of the links in this video or description and make a purchase we may receive a small commission or other compensation. I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and related sites.

always just add it in post right i could do that but that also means i have to go and edit it and i don't really want to do that anyway i already started recording so welcome to the show awesome great to be here so uh i guess i can probably do my the intro read uh even though i'm not gonna do the intro song so uh welcome to tech of a t episode. Today's guest is a crypto media creator on platforms like Library, BitTube, Steemit, 3Speak, really just on any platform with crypto in its about section. Welcome to the show, Scott Cunningham, better known online as Scott C. Business. Thanks for having me. Yeah, it's awesome to have you on the show, man.

Yeah, it's great to be here. I've seen a few of your episodes before so it's cool to uh get an invite yeah well i've been really enjoying a lot of your content as well you kind of were the reason i got back into doing investing i kind of gave up on it for a while and then i started watching your uh monthly investing update series i can't really call it but um i started watching that again i was like okay well i should probably get back into this okay cool yeah that's that's awesome because um i mainly follow stefan graham and andre jik on youtube for investing so i'd love to see them jump over to like library and some of these other decentralized platforms but um yeah i think it's so cool to monitor it and have all that and then share with other people and it also makes it makes me feel

like i'm keeping myself more accountable to actually tracking it and then presenting it and giving it to everyone because um because then you know when people are like oh where is it then it's like okay i gotta make sure i stay on top of this and the cool thing too is that it's like, okay, I got to make sure I stay on top of this. And the cool thing too is that it's like monetizing something that would otherwise be considered to be like tedious accounting work or just something that you wouldn't make money from normally. Yeah, you somehow managed to turn just doing your taxes into just interesting content. Because I can't make the mistake with my last year of crypto investing.

So I only done a little bit in my last taxi i don't know when the tax year in canada ends but in australia ends in the uh start of july and i hadn't actually been keeping track of stuff so i had to go back and retroactively look at the prices for stuff look at when i bought everything luckily my like exchanges and stuff kept good records because otherwise that would have been just a hassle to deal with but it's it's still a more of a pain to deal with than i really should have made it be yeah yeah i mean i don't know um how good i am with like tracking my crypto you know payments maybe i'll have to do some retroactive stuff in the future but since you can't claim losses here right now i have no idea how the how tax stuff is going to work so

um i mean my mom's worked for the tax for the cra uh for like 40 years and she's basically like yeah like we're not really looking for this at all right now so i'm just kind of you know seeing how things play out i don't know if i if i have to pay retroactively, then that's how it goes. But everything fiat wise is crystal clean for me. Well, yeah, that part they actually will be definitely hitting you on. Otherwise, they definitely like to go after online creators. Yeah, yeah. So, I mean, that's why we have things like BitRefill and all these different ways to just uh spend money

with crypto without having to actually you know create a taxable event from like selling it or um putting it into my bank account and then withdrawing it that way the way that um just general crypto stuff was handled is it handled in the same way so trading and stuff like that that's all handled the same way that you'd handle uh buying and selling shares or stocks so that's not difficult here but i don't know what it's like for you guys yeah no it's um it's fairly similar i mean i could open an account like outside of my bank but right now um just because i only started investing like uh halfway through last year or a little earlier than that so i haven't been investing like in stock in the stock market

for very long uh i just did it through my bank it's definitely not the cheapest way to do it no definitely not um but it is the easiest way to do it so in the future i might open up an account with like quest trade that's just one of the um one of the places that you could trade here in canada i mean there's tons but uh it's the one that has the lowest or no fees at all so i'd rather do that since i've already probably spent like two three hundred dollars just in trading fees and um that's really unideal not not compared to how much i've made though um but uh i could definitely you know make a lot more if i didn't have those fees so i'll be looking at switching eventually but you know i was just getting started originally so yeah how are staking

rewards handled in canada because here they're just treated as income so they're actually treated completely differently from just regular crypto trading if you have like i don't know d live staking rewards and you make i don't know a hundred dollars a month off of that that's just treated on top of your regular income here true yeah i mean and again i'm uh i'm not really like um claiming any of my like crypto stuff right now because like technically I've withdrawn less than I've put in originally. And so it's not a real big concern until I'm starting to withdraw more than I originally put in. Yeah. And that's when I think they'd actually care about it. So, I mean, I've been tracking everything, but I haven't had the need to claim anything or, you know, go that far with it.

I'm also making like a very low bracket, so they don't really pay attention to me very much. And then I do everything else in crypto. So, I don't know, maybe eventually if my videos start to become like really popular, they might like clue in that like maybe I'm making a lot more crypto than they thought I was. And then that might be a concern. But yeah, no, I mean, the thing I really like about staking is there's, I mean, there's some, there's some staking rewards where you can just get the rewards without even having to do anything. There's some where you have to claim, which is obviously a little less ideal,

but not that bad to do it once a week or however you can do it. Because obviously it's going to compound more, the more that you actually participate. And then you've got like lending, which is another great way to make money. And that's something I've just recently started to get more into. And now I'm also trying to find like good crypto gold, like tokenization things things to invest in because I'm also interested in that right now. So how does lending work with crypto then?

I've seen you briefly talk about that, but I haven't looked into it myself. Yeah, so I only just started to get into this maybe i'd say two weeks ago um i looked at all the ones available and i had to rule out the ones that were mobile only because i do all of my trading on my pc and it's just a hassle for me to like so so i was just like okay which which ones can i do both and uh the best were nexo and blockfi. A lot of people were like, Oh, you Celsius, but they had issues with like my Canadian address.

And then I tried to fix it and then it still didn't work. So too much effort there. And I, and they're going, and then I contacted support still didn't fix it. So Nexo and BlockFi, I threw in about two or hundred dollars of stable coins into each different stable coins so i did like die usdt tusd um i can't remember the others are usdc

and i think g usd something like that and packs i think um so i threw 300 in each and so far it's been making like, I think like four or five cents a day, something like that. I could bring it up, but it's a, it's pretty good considering, you know, it's, it's money that you would otherwise just have sitting around. And it's not too much of like a, like, I don't feel like it's that risky, you know, like, even though it is lending, they have so much collateral that I'm not super concerned about it. And it's going at about 8.6%. So right now, I only put it in very recently. And on BlockFi, I've got 38 cents earned so far.

And I'm not going to bother logging into Nexo because it's going to make me have to two factor authentication everything. But on BlockFi, I've got $0.38 so far. So, you know, it's definitely lucrative. And I also invest in crypto real estate, RealT. I was going to ask you about that. Real and then capital T. Yeah, yeah.

That's another really good one. I'm getting about $0.93 a day from... yeah that's another really good one i'm getting about 93 cents a day from uh i have five properties now and a few tokens in each and then in total that's getting me about 93 cents a day or no sorry 93 cents paid out every three days so it's more like 31 cents um because they they've been paying out less often just because of the high gas fees so that they can pay us more without us losing money in the fees. So yeah, $0.93 every few days is pretty good to me. And I just posted something recently where I was like, that technically will pay for eggs for the rest of my life.

And that's the way that I like to approach investing. And I think it's a very satisfying way for people, especially when you're not very wealthy and you're going to have very, very small milestones. So when I look at it like, okay, this next investment will pay for, I don't know, like my, I don't know, orange juice for the rest of my life and then eggs and then da, da, da. And you keep going until eventually you're like, okay, now all of my food forever is going to be paid for. And then you're like, okay, now all of my utilities and then, and then eventually you're paying everything. Most of my expenses right now are actually being covered just from like library and hive and all of my different crypto platforms. And then I just pay for everything directly through that

using a Visa card that they have in Canada that is paired with a crypto account. So I can just load it up with Ethereum and then everything from alcohol to food to Spotify is paid for with this. And it's all just crypto. So it's really cool. I just top it up once a month.

And then it just basically pays for everything except for like my rent and like student loans, which obviously got to pay with fiat. But soon enough, I hope to eventually not have any fiat reliance and then go digital nomad and then just like live somewhere really cheap. I know there's a lot of CEOs that I've interviewed who are living, um, uh, and, well,

and just like big influencers who are like living in like Thailand, Indonesia, um, where it's like, you know, something upwards of 250% cheaper to live. And then, you know, you can just do really, really well as a digital nomad there when you're still getting you know that USD or Canadian dollars worth of currency so yeah I think that would be a really really cool way to uh maybe in the next five ten years once things sort of settle down hopefully well I was gonna uh you just kept going on for just a long time yeah I kind of went on for a while there. I did want to cut in on a couple of points there, but you seem to be having a fun time

just going on throughout your entire life. The one thing I did want to bring up was with like BlockFi and the other lending platforms, do those have any of the same sort of requirements that something like Realty has? Because I know for that one, you had to be like a credited.s investor so do those have the same sort of restrictions or um yeah no they don't they don't have any like um intense restrictions i think realty is the only like exception where it's just for u.s well it might be for some other countries too but in canada you don't have to be accredited to invest in it um but i know if you're in the u.s you don't have to be accredited to invest in it but i know if you're in the u.s you do actually have to be an accredited investor so you know they have a lot

of weird rules in the u.s around like uh real estate and like icos and different stuff like that so yeah i mean that's unfortunate for people there and that's why lately i've been trying to find other solutions to talk about because i know like most of my viewership is in the US so it sucks for them when they have to see all these cool things that I'm looking at but to be fair there's things in the US like M Finance and different things that I can't use in Canada for like stock investing so I can't buy fractional shares of stocks which sucks and that's why crypto is is so ideal especially for passive income and being able to compound get compound interest rather than having to wait until you can actually buy another stock and then paying like a ten dollar trading fee and wiping out most of my gains

um so crypto is a way better um faucet for something like that and the other thing in there that i wanted to talk about was um buying crypto so buying gold with crypto so i actually yeah so it was a thing that existed until you brought that up just now yeah i mean i actually haven't gotten deep enough to it to actually um speak on it yet because i haven't actually bought any but i've been looking at a bunch of like alternatives i will dive into that probably in the next couple of weeks um but i i do recall from some conferences and like meeting some uh some different projects that essentially what i'm looking for and what i already know is is out there is there's projects where uh they'll have gold stored somewhere like in a Swiss bank and then they'll tokenize it one-to-one and you can actually like claim that if you wanted

it too. So you can claim your crypto like they take it back from you and then they'll actually mail you the gold as long as you have an ounce worth of the gold. So that's kind of what I'm looking into or something similar to that. And ideally, I want to be investing in a lot more gold over the next little while. I'll probably be buying a lot of real gold too, maybe opening a safety deposit box, but I don't think I'm going to store much of it at the bank

because that kind of defeats the purpose. So yeah, I'll probably'll i'll figure something out i i won't speak too much to how much gold i intend to have because uh the the the physical aspect of having that obviously like your your crypto wallets could be compromised but if someone knew you had a bunch of gold in your house well i there are people who've tracked down creators houses before and if they knew you had a bunch of gold you'd be tracked down pretty quickly yeah yeah especially if you're talking about it and you've got the exact value and all the stuff that i already uh report on it would not be ideal here's my spreadsheet of the exact

days i bought everything the exact weights of everything yeah no you're probably not in a good situation to be uh bringing that up too much yeah yeah exactly so when you started investing you said that you only recently got into trading stocks but so i'm gonna assume that you started with crypto then. Yeah, I mean, I've only been in the game since about 2017. So, you know, I'm pretty late to pretty much everything. I think I've always kind of had a little bit of an idea and awareness in the back of my mind about crypto and blockchain just because I went to school for networking and IT security. So everyone in my program was, you know, somewhat aware of it. There was murmuring as we talked about it occasionally, but it wasn't something that, you know, everyone was jumping to invest in. It was more like,

look at something that's, you know, new and might be something in the future. But then when I graduated and I actually decided to try and invest and lost a bunch of money in the big crash um i i realized it was more the tech than i was interested in so um given that i was doing social media marketing at the time i was like okay well what kind of blockchains are can work with like social media i found steam and then just kind of uh continued exploring from there just kind of uh continued exploring from there yeah for me i was um i'm a bit younger than you so when i i think when the crypto crash happened i would have been first year of uni i reckon um so not like not that much younger but still a bit um yeah i mean i'm 25 so i'm not too old 22 so um but the point i was getting at was i always knew about like bitcoin and stuff like back when i was in high

school um but back then i kind of was watching the price just go up and down i was like this is dumb why would anyone bother investing this you're just gonna lose all your money and then i started like coming across creators like you and you know getting eventually just seeing that it's a bit more of a long game with that and also now with you talking about things like staking rewards i when i first started investing in crypto i was doing the buy-in trying to sell up at a higher price and it's it's stressful doing that i did it for a month it's so stressful do this yeah yeah it's so sure it's so so hard to do that and you know i think only one percent of day traders are actually successful uh crypto and otherwise so the thing i talk about a lot in and i think this speaks to a

lot of people maybe maybe millennials maybe just in general um by building up a dividend portfolio or a passive income, it is much more stress-free. If the stocks go down, if the crypto goes down, you're just able to acquire more to then get more passive income. If it goes up, you've got appreciation, you're happy. No matter what, it's usually win-win as long as you're playing for the long term. And even if you're playing long term and the stock goes down, that could be scary if you're doing gross stocks. Because it's like, okay, well, what if it continues going down? But if it continues going down and still paying the same dividend, that's not that bad. Because if you know it's a strong crypto or a strong company,

it's going to bounce back. There's obviously been a lot of price opportunity with the crash and COVID and everything going on. So that's tons of opportunities still. There's still a lot of stocks that are down anywhere from 20% to 50%. So I think a lot of the oil stocks are still going to come back. I think there's a lot of things that are going to come back. I mean, again, I've only been investing for a short period of time, so I'm by no means like an expert, but I do take it very seriously. Now I I'm, you know, checking my stocks every day. You know, I'm looking at what I'm going to buy next all the time. It's,

it's very something that I've brought into my, my regular daily routine now. And I really enjoy it too. So like, I get a lot of like, just actual enjoyment from looking at my budget and being like, how much money could I save? And what stock could this buy? And then what could that stock buy then for me for the rest of my life with passive income um you know like you know someone goes to buy a nintendo switch to me that's you know five td stocks that will pay me you know so and so for the rest of my life and then i could buy a switch in 10 years with that money and then keep going right Right. And then what about the next 40 years? That's five more switches. Like, so that's the way that I've kind of always looking at my purchases and it makes it much easier and much less stressful. Something really powerful that I think it was Stephen Graham that he said this, as I said, I mainly follow Stephen Graham and Andre Jeek for

finance on YouTube. He said, having the ability to buy something and then choosing not to is extremely, extremely satisfying, almost to the point where you usually don't actually have to make the purchase. Just knowing that if you really wanted to, you could and having that satisfaction and knowing that like, if I really, if,

if, if it all came down to it and I just, I had to have that thing, I could have it. And that like, if I really, if, if, if it all came down to it and I just, I had to have that thing, I could have it. And because I know that I could, I don't necessarily have to yet. I can keep going. And then I know that I could, if I really, really had to, you can always buy it the next day or the next day or the next day. And I think that's just a very empowering way to look at investing in life in general for, you know, just having good finances. Cause I mean, I'm also like a minimalist, a financial minimalist, and I've gotten more into that over the past few years, but,

you know, I don't expect most people to do some of the things I do. I think they're pretty radical. Like I haven't had a car and I've been pretty fervent on like keeping that. And I just use Uber, but I don't really do much. I get my groceries delivered. I get my beer delivered, right? Like I, I save a lot of money this way. And people will say, you know, it's not possible. It's not possible. Well, I thought the same thing until I decided that I was going to do it no matter what. And then I just took the bus and, you know, I I've been doing this for like six or seven years now with no car. And I plan to do my full thirties or to get to my thirties before I actually seriously look at something like that. But I I'm waiting for Elon to just make a car that is fully AI driven so I

can just buy it already. Um, and then lease it out on Uber and let it pay for itself. That's my dream, uh, where I, I, I hold off forever to get a car and then I finally getber and let it pay for itself that's my dream uh where i i hold off forever to get a car and then i finally get it and then it just pays for itself doesn't even have a steering wheel or something like that that's my ideal vision for when i finally do break down and get a car hopefully they have that in the next five years but otherwise i'll probably keep going this way well one thing you did bring up there was um the satisfaction of being able to just buy knowing you can buy something but not actually buying it this is like a very basic example but i think that it's an example that a lot of people will kind of i guess understand so

like imagine when you have your first job when you're at somewhere like mcdonald's kfc just some really terrible job that's paying you basically nothing. That was my first job, McDonald's. Yes. Oh, same here. Not a great experience. I got there when I was already an adult and they didn't like that. So they just gave me no hours. But anyway, the point I was getting at there was after I quit working there, I moved to another job. And one of the things that at the time I really liked by like buying when i went out for takeout food was sushi and sushi is expensive at least expensive for takeout food and when i moved from that job at mcdonald's to the current job i have now in a supermarket it's not a big upgrade

but it it's at least an upgrade um i knew that when i like if i wanted to get sushi I actually have that bit of extra money to spend it's not a massive thing that I can buy but it's still something that I wasn't able to just be like okay well I just want this now and now I know that if I do want it yeah I can go get it but I don't necessarily have to do so because I can get it tomorrow I can get it the day after yeah absolutely absolutely and I think it's um it's so empowering because I mean first off if you did get the thing every day that you wanted to get then you wouldn't be able to get it uh yeah and then you wouldn't be able to get it so uh just being empowered by the fact that you could I think is is is is so close up to the point of the satisfaction that you would get from actually getting it.

But obviously, you're not actually getting sushi and you actually have to eat something still. But I totally agree and I love sushi as well. So let's see. We actually covered a couple of things there. So how did you actually find yourself over to library um yeah so i mean i've been looking for i've basically been joining every platform that i could find that uh is crypto monetized or you know has blockchain in the name or you know somewhere on the site and um you know my next review should have like 130 platforms.

So it'll be pretty ridiculous. But I mean, at the same time, most of them are not that great. But when I originally went on library, I was a little turned off by the fact that you could only use it through the app, but I still was using it. There wasn't a ton of people on there at the time.

It was very, uh, you know, more just for like the more techie people. Then once they got the site up and everything, and then they got the mobile app and everything up, they really started to take off. And then I started paying a little more attention to it. Um, cause I'm always just very casually using a lot of the platforms and then if they start to really like get a following um i'll pay a lot more attention to it and you know obviously uh prioritize it a little bit more especially with library where you can you know make so much money and there's so much such a big community and there's so much going on and it's it's just a really really great place to be um you know drama and latest recent things aside.

Yeah. I might've fueled some of that myself, but it's fine. Yeah. I mean, I don't, I don't keep up too much with stuff like that, but you know, I probably shouldn't have happened. Yeah. Yeah. There's bugs all the time and Oh yeah. Even just like actual politics and everything going on right now. It's yeah, like it's impossible to to have any peace of mind if you just watch that all day. I mean, I was just recently at my friend's cottage just to sort of, you know, get away from the screens and just being here all day. I mean, I sit constantly all day with three screens in front of me and that's just my life most of the time. So, you know, it's good to get away

and sort of refresh. Yeah, well, that's how I feel about going and seeing my parents. They live in 150 Ks north of me. So it's pretty far out into the middle of nowhere. And it's nice out there. You get away from just working every day. That's one of the problems with making media like this.

You're always in front of your computer. And when you're in front of your computer, you know that there's something you could be doing related to your business. It's like, okay, I could be trying to do some community interaction. I could be looking into this service. Like for you, you could be looking into some new crypto platform or some new staking platform.

And for me, it's like, oh, there's some software I could be looking at or there's this other thing I could be doing. Getting yourself away from just, I guess, being in the place you're always working is really, really important, especially when you do most of your work from home. Yeah. Yeah. And I was starting to like almost burn out a little bit because I also was getting like more work on my like day job side. Like I do social media marketing. So I've been getting more work actually lately throughout the, like everything that's been going on. It was kind of unexpected that I was going to get more work actually lately throughout the, like everything that's been going on. Um,

it was kind of unexpected that I was going to get more work, but I have, so, you know, I, I've been sort of trying to work with that. And I definitely can't keep up with a video every day right now, unfortunately. Um, but I'm trying my best to get back onto like a schedule and, um, maybe do every other day or something. Yeah. I mean, I've got a lot of like series and different things in the works. There's, there's so much in the works. It's so hard for me to keep up with my own,

my own ambitions half the time. That is another thing I did want to talk about. How do you actually go about managing your time? Because your videos are actually pretty well produced and really highly researched by the looks of it um and i don't know how you have time to do all of that like mine i think take up a lot of time but i feel like yours probably are even worse than mine are yeah i mean um i i'll i'll toot my own horn in the sense that I think I always include a good amount of writing along with my videos, which I don't see a lot of people doing. Not that that's a problem, because obviously it is video content and it is tedious to be like writing out stuff that you're already seeing. But I always want to kind of make it like blog friendly for like blogging platforms as well so yeah it definitely does take a lot of time i say probably spend like

three to five hours a day just like you know making the videos interacting with the comments and everything i'd say usually around like five hours um five hours a day is probably a safe bet. But it helps that I'm like all my social media and everything that I have to do throughout the day is also, you know, right here. It's not like I have to go somewhere and then come back. I can schedule everything throughout the day all together. So that's definitely really, really convenient for me. And then I get to, you know, once I've done all my meetings and everything for the day and then I just, you know, walk down and just get a bunch of stuff done.

I do sort of prioritize my regular work over, you know, like this channel and everything. Unfortunately, maybe I won't have to in the near future. But yeah, this does sort of come after everything else so you know i i try to get everything done and then try to get this done but you know if i end the day and it's like 2 a.m i'm like there's no way that i can uh start editing this video that i mean usually i've got the video recorded but it's like if i start editing at 2 a.m you know there's no way that i'm gonna get that out and it takes me like probably an hour plus to edit and then like an hour for exporting and then maybe an hour and a half to actually post it because I post to like 30 platforms. And that's, you know, a huge process in itself that probably takes the most time just to post.

Yeah, I was going to ask you how in the world you deal with doing that because all the platforms i post to i so i do youtube that syncs over to library and i'm also using a platform called share um transferring videos and that will then sync stuff over to my facebook page and also to daily motion literally zero followers on those on those pages but it still syncs over to those pages um and then the only ones i manually do oh sorry bit tube also gets synced over from youtube so the only one i manually do is bit shoot because the auto syncing doesn't work at least i've never had it work um but yeah same you upload to i don't know how many platforms i'll bring up your linkly again i see okay how many so we have

one two three four five it might not it might not actually have everything though it doesn't because i am limited i am limited by the amount of links that i can share because i'm too uh cheap to buy a pro version of linkly yeah yeah i mean there's definitely more yeah there's definitely more um i'm on a lot of like platforms that are just like not crypto monetize or blockchain but i'm using them as sort of just like social alternative platforms to upload to um yeah and i i can't be bothered to list those here because they can't fit. So I just kind of prioritize the crypto and blockchain stuff, but I'd say probably 30. I have a video. I can't remember the exact name, but it's something like behind the scenes or like my full posting process

or something like that. It's like about an hour and a half if you're willing to sit through it. And it is literally like exactly what I do, like, and just showing exactly what I do. So, you know, if someone thinks that there's like some secret thing that I'm doing, you can watch that video and find out because it's just a lot of really tedious metadata filling out. So what you're saying is that if i put my four years of software engineering to good use and make a script that automates it you'd be really happy about that i would uh i'd pay to use that i want to look into that for myself the amount of time that that would save i'll give you library coins i will have a look into it when i'm not busy with uni because I'm about to go into my uh

my final semester in what day is it what Thursday yeah like next Monday I'm going back to uni so final semester then I'm basically done true yeah that's great that's great and I'm assuming you're in there for like computer science or something similar to that yeah my fourth year of software engineering yeah awesome awesome yeah I was maybe gonna go to school for software engineering um and then i just went into networking and it security because you know i liked the allure of like uh learning how to like hack and stuff but it's definitely uh not as um fun or appealing as it might sound. Yeah, I've said this to my networking friends before. I will let you guys make way more money than I will

if I don't have to deal with a router. Yeah, the networking part is very dull. The IT security, cybersecurity stuff is definitely pretty interesting. But yeah, the networking stuff really sucks the life out of most of the people in that program. And it really showed when we had like, you know, like started with like 300 or 350 and we ended with like 50 people. Jeez. You were saying earlier that this job, like the content creation is kind of your second thing for me i'm in a fairly good position where my expenses are really low because i'm in a share

house right now so all my bills are split between three people and generally i don't really spend that much money anyway so my day job in a supermarket basically covers that so for me i can kind of just focus on this right now. And that's kind of getting my plan for the next year. I want to end up taking a gap year. And if I can build this up to be the, to like to the point where I can actually do this as like a long-term thing, that would be awesome.

As much as I love software engineering, if I can get paid to sit here and just ramble about Linux nonsense and talk to people like you on a podcast, I'd be happy to do that. Yeah. Yeah, exactly. Right. Yeah. I mean, I'm actually making a pretty good amount. I can basically support myself for the most part with what I'm getting through crypto, but it's not at the point where it would make sense for me to like quit my day job. And it's not like I don't like it or anything. It's not a problem.

It's just, you know, it definitely obviously takes a lot of time. So I still have to dedicate that time. Maybe in the future, I'll like try to ease back a little or something. And, you know, I'll figure out what works best. And, you know, I'll figure out what works best. But yeah, I mean, I keep my expenses very low as well so that I can do this kind of stuff and have this focus on this. And, you know, obviously,

if I was spending money going out or doing things, then I wouldn't be doing this at the same time. So a good thing about content creation is you'll actually probably save money because you'll be spending so much time doing this stuff that you won't be doing all the other stuff, aside from investing in microphones and equipment and all that good stuff. Yeah, well, I've been wanting to replace the Blue Yeti

because I don't know how well you can hear it, but it has some noticeable problems in this room. My room is very echoey, and this thing has known hardware issues regarding echo so i know yeah i started off with the yeti as well yeah and then um i and then i upgraded well actually i always had this because i i made a lot of music when i was in um in university and this is like an actual like serious like xlr mic and um i just you know got the uh setup i have a good sound interface good xlr cables proper mic setup and everything um

and i i think it's also really good to use um like a real time uh like plugins on your voice. So I use Adobe Audition and that kind of cleans up all the background static and all that stuff. And it just makes it sound a lot cleaner and it's pretty affordable. So, you know, I recommend, I mean, there's other things similar to that that people can use as well.

I just think it's the easiest. Yeah, I was looking into doing some like, some equalizing and stuff like that outside of doing obs because on linux there are some there's audio okay audio work is kind of lacking on linux there's lots of stuff that's great on it but when it comes to doing audio production it's a bit behind so you can't actually use um vst plugins inside of OBS. So OBS has this really, really popular EQ plugin. Can't use it. There's a tool called PulseFX, which can let you do like real-time equalizing noise gate and noise suppression, stuff like that. It also introduces 200 milliseconds of lag into your voice, which

isn't really useful. So I'm kind of limited to what i can do in obs which is basically noise gate noise suppression and um compressor which is better than nothing it cleans up the audio a little bit but most of what i want to do i have to do in post yeah yeah fair enough yeah and I only realized like maybe like a few months ago that I had to like properly sync my audio by like clapping before every video because my audio was off by like a few milliseconds. And there was only a few people who noticed it and I didn't even oh, like that's why. Because originally I did that only to sync up my two cameras. But now I do that for like the audio so that I can actually have it properly synced by just lining up the actual like clapping sound and the visual. Because normally it comes in like. Yeah. Yeah.

I mean, like I didn't notice it for the longest time and then also when i compress my videos now um i ensure that i have it set to like a constant frame rate rather than just like the peak frame rate and it comes out a lot cleaner i use handbrake so you know people who are using library highly recommend that you compress all your videos because um it's way harder to load them when they're huge files and people might just give up if it's taking too long. So it's really good to compress them before you upload. And if you enable the F, I think it's called the FFP MPEG or something like that, FFMPEG, something like that, but that's the transcoder that they have on library which will also help compress it even more so um that's like the the most you can do to ensure that your videos are the fastest and

the best received for most people well handbrake is basically just a graphical interface that wraps around ffmpeg so it's actually the exact same tool um it's just much easier to use than writing out some ridiculously long command and ffmpeg it once you have it done once it's fine but i've looked into doing it and it i don't understand it and i'm always using command line stuff so i probably should but handbrake i i've got my profile set up in handbrake for bit shoot and also for library and that's good enough like i've got the bit shoot one because that platform is only in 480p which is annoying um i i don't know why it's in 480p yeah yeah that's um you know something you got to deal with i try to do it where i can just have

like one video for all because if i had to do it for if I had to try to format it for everything it'd be impossible and most of my time would just be sitting around waiting for exports uh to render so um yeah I avoid that because I used to do like two or three and that took so long that it was just it was not worth it at all and then I just gave up and I was like, I'm just going to do one. Um, because there was certain platforms where you couldn't do a thumbnail. So I had to put the thumbnail in front of the video. Um, but it looks weird on other platforms when you do that. So, you know, I, I eventually I just, they fixed that.

So then I was able to go back to doing it normally. And that was actually minds.com. Uh, they've come a long way, but they've also lost a lot of their main base unfortunately yeah i've actually been really liking mines lately i've started um doing a bit of blogging on there and the instant i started blogging my subscriber count like tripled nice it wasn't much it was like 20 on there but as soon as i started posting blogs two things two really weird things happened bill ottman followed me and john ottman followed me and if people who are listening don't know who those people are they are two of the founders of the company and i have no idea why they followed my account uh, they're pretty active on there. You'd be surprised. Um, the first interview

I ever did was with Bill Ottman and I wasn't an interviewer. He reached out to me and he's like, Hey Scott, would you like to interview me? Um, and I was like, sure. Uh, sure. CEO of mines. Sure. Sure. CEO of minds. And that's kind of how my interview, like, I mean, I was always doing videos. I was doing like reviews and tutorials and stuff. But in terms of like interviews and, you know, linking up with other influencers and people on these platforms, it was really all started by Bill reaching out to me and asking me to interview him. So just kind of a funny story as to how that all got started, because it wasn't even something that I was trying to do. But then after I interviewed him, Jeff Kurdakis from Uptrend reaches out to me again. And then I was starting to reach out to some other people and then more people reaching out to me. And it's just kind of snowballed since. and then more people reaching out to me and it's just kind of snowballed since.

Yeah, I have noticed that I think it's once you start getting those first couple of ones where people can see them online and see that, I don't know, you're going to give them a fair interview and you're going to give them plenty of time to say what they want to say. Once they start seeing that, they can see that maybe even though this isn't a massive platform I'm platform gonna actually have access to it's still access to some people that otherwise wouldn't hear what i have to say yeah especially because they're crypto specific i think it's the the main value proposition that i've always said to uh people to be on these platforms is because you're kind of cutting through all the noise on twitter and facebook and all the legacy platforms. And you're just getting right to

the core of the, you know, crypto and blockchain community that you might be trying to talk to, you know, regardless. So if you kind of skip through all that noise, it makes a huge impact. And I think that's why people are trying to get more involved in that space. And I think that's why people are trying to get more involved in that space. And, and I think that's partly why, you know, John and Bill are so active on, I mean, they should be active on their own platform. But, but, but it's good that they're, you know, really true to that. And, you know, even new people they interact with, and I see them liking my stuff and engaging all the time um and when i've had issues you know they've been you know quick to help um i i think it's unfortunate that they have like withdrawal approvals like when you want to get your mind's tokens now there's approvals that never used to

be a thing um i complained to them a bunch they said that they needed to have it for... They had a lot of people from Thailand coming on and then trying to... Like when they opened up to Thailand and they had a huge community join and then they were like, you know, just upvoting each other and then trying to withdraw all of the mine tokens that they got and selling them.

Because now mines is on like Uniswap and stuff. Whereas for a good two years years it was only a utility token and it could not be sold anywhere except for one unlisted fork delta exchange but now you can trade it on you know uniswap and everything so um it's a very different atmosphere and they have withdrawal uh approvals now which again, I will always, I will always advocate against any kind of like you know, approvals or things like that for access to your money. It's kind of why I'm not posting on. So me or saw me social anymore.

They had it for the longest time where you, you know, you can't withdraw any of your funds that you earn at all, let alone approval, unless you pay a hundred dollars, then you can do it, but you still have to get approvals. Um, which is just all ridiculous to me. And they've have, they've had such like sightbreaking bugs for the past, like six months. And they keep saying, Oh's it's gonna be good it's gonna be good but i'm just like okay well you guys let me know when it's working again because every time i come on it's still broken um and and you know one thing that i'll always say

i do reviews all the time and one thing that i see all the time when a platform is just not there or it's not quite you know very good all the people in the community will say oh well like don't worry it will be it will be and it's like yeah like i i give i want to give everyone their chances and stuff but if there's 10 platforms trying to do the same thing i'll just go with you know library and like hive and a few of the good ones. Why use, you know, 10 awful ones? Mind you, I'm still on like 30 platforms. But as I said, with my last review, I reviewed 130. So I'm obviously not on 130 platforms actively. But if you sign up, or you check the platforms, you'll see I'm on them. I have an account and everything and I've posted

on there probably, but you know, I'm not going to actively use 130 cause it's just not possible. So, so I really only look at the ones that I think are actually going to, you know, make it or actually have potential to, to last. And I, I definitely give the benefit of the doubt to a lot of projects where I'm on way longer than they deserve to have me on there, like Tribe, for example. One of the only good EOS social applications, it just couldn't stay. It couldn't keep going. It was just losing value all the time, barely had any users. And it was the only good one, and it was really not good. Now there's EOS Voice, but it's still not publicly available. I don't know how the beta is going to actually work there because...

Oh, okay. I don't know if my connection is lost. I was just saying... Okay, yeah. I was just saying EOS Voice. It's an interesting situation because when the beta ends, they're going to reset everyone's tokens. And I don't know how long the beta is actually going to go for.

They say August it'll actually be open. We'll see because they keep pushing it back. EOS has been having a lot of struggles with being able to afford to make a transaction without having to have a crazy amount of stake or having to get a stake lease. And I think that's a huge turnoff for most people, except for people who are really, really in EOS. And with $4 billion,

you'd think they'd be able to do something. And I just don't see them doing very much. Well, one of the good things about getting yourself on all of these platforms is, even if, assuming the platform does take off, you're actually someone who is known in the crypto sphere. So if you weren't on one of these platforms, someone will take your name. Guaranteed someone will take your So if you weren't on one of these platforms, someone will take your name.

Guaranteed someone will take your name if you're not on there. Yeah, that's a good point too, right? Someone might like want to benefit by taking your name first. So on top of just, you know, being a pioneer and getting in early and the thing that I've always said is

if you get on a platform early, you'll grow as the platform grows. So the reason that I've done so well on, on library is because I was posting a lot when library had that huge influx of users. And, and that is key on any platform to grow with the platform, especially when you're trying to get in there early. And I always point to like, you know,

the first hundred Twitter users all got a million followers and the first YouTube account with one 14 second video, never posted again, has like 500,000 subs. So, you know, people got to take that into account that getting in early is going to be very, very effective. And it's not going to last, you know, people got to take that into account that getting in early is going to be very, very effective and it's not going to last. You know, it's going to have diminishing returns. Obviously, you have to keep making good content. Otherwise, people are going to eventually stop following you just for the sake of the gimmick.

Yeah, exactly. So you still have to provide quality content, but, you know, getting in there first is going to make a huge impact. And like you said, you know, just existing there is going to be helpful because, and I'll usually check in every now and then, or, you know, someone might come and be like, Oh, like I'm on this platform too. And I see that you're on there, but you haven't posted, uh, you know, why, and I'll go and I'll check and I'll see if it's changed. And I always just reevaluate platforms and always come back to see if, if they're doing something new and trying to innovate. And there's been platforms that have completely, you know, like exit scammed or gotten shut down or, you know, a number of things. So I understand why people are hesitant, but

there's a lot of stuff out there too. My biggest concern really is someone comes onto one platform and they don't have a good experience, whether it's like sketchy or they just don't like it. And they think that is indicative of all the blockchain or crypto platforms. That's my biggest concern. the blockchain or crypto platforms. That's my biggest concern. And that's why I like doing reviews and everything so that people can see that there are definitely varying degrees of quality and what you can offer and what you'll get so that they know that it's not like, oh, this blockchain social media stuff that I went on there and it sucked. And it's like, well, that was one platform. And I think that's really, really key. Well key well before we wrap it up there's one last thing i want to talk about and that is a

scotty business coin oh yeah yeah what's the deal with that i saw briefly that you decided to start off a token um what exactly are you doing yeah i mean it's kind of just like a fun experiment honestly like i don't expect i i don't think people are going to take it too serious Um, what exactly are you doing? Yeah. I mean, it's kind of just like a fun experiment, honestly. Like I don't expect, I don't think people are going to take it too serious. I will, um, absolutely like honor it a hundred percent. Um, and, um, if people like are concerned or something, I'll buy back the tokens. Um, but I, I'll essentially what I was doing is I wanted to just test out, um, the function of creating a token on memo.cash.

And, um, because, you know, I, I like to test everything and then, you know, teach people about it. Cause I think it's useful. Um, and I decided, Hey, like, what if people bought my token and then I could use this as a way to like have a gamified approach to sort of like a loyalty thing where it's not like it's not like you pay like a Patreon like every month to get a mention or something in like a video. Because what I'm doing is essentially mentioning the top three holders of the token in video descriptions. But I'm trying to find different ways to just incentivize people for holding the token.

And I mean they could, you know, just sell it or get rid of it or whatever, but I'll just find ways to sort of reward followers for, for holding this token. And I've kind of like, if you know what pre-search is it's like, you can stake tokens and advertise based on if you're the highest staker.

And I sort of took that principle and then I was like, okay, how could I do something like a loyalty thing? And that's just kind of like a way for, it was just an interesting way to have sort of like sponsorship of my channel. What without having to like require people to send me like monthly payments or something like that. And then, you know, they could even sell it for more money if they wanted to in the future or whatnot. So yeah, I mean, it's a fun little thing. I'm not, it's not like some crazy serious, like investment or something. It's just like a fun little like loyalty thing. So yeah. Well, it's definitely an interesting project if nothing else it definitely gives you content that's for sure yeah yeah exactly right like you know it's

interesting there's so many different ways to do things i'm also looking at um maybe creating uh nfts for different things around my brand and then selling it. So one thing that I was kind of like thinking about and, you know, feel free to do this yourself was making like badges or some sort of NFT that is completely unique for each episode that I put out. And then you can sell the badge and someone could effectively own the sponsorship of a single episode indefinitely. And they could own it themselves and they could sell it to someone else if

they wanted. And the idea would just be like, you know, you have the ownership of like the badge that represents that episode. Obviously you don't own the episode. But it was just, I'm just looking at different ways to monetize things, right? If you can monetize your taxes,

you can definitely monetize your brand. So I'm trying to figure out all the different ways. And I really want people to get creative and empowered by different ways to make money with blockchain. And if by different ways to make money with blockchain and if there's ways to make money that um people are interested in participating in on both sides and uh you know it's a genuine exchange then i think that's really really cool and you know just a really innovative way to use the technology so the next thing that i'll be looking into is nfts uh probably like i

said like badges for episodes. But that's just something I'm kind of thinking about right now. Well, that's a pretty good way to cap off the episode, I would say. We're at 56 minutes now. So just before you want to stop off. So one thing I usually do at the end of the episodes is just mention some other creator out there so is there anyone out there that you're watching right now that you just think deserves a bit more

attention uh more attention whether it be on library or youtube it can be anyone they can have a million subscribers if you wanted to say something like that true true um so i guess the actually no i have a good one uh lewis thomas on library um everyone check out lewis thomas i really like his videos on library i feel like he is uh he does very similar stuff to what i do and um he does it really well so yeah definitely check out his channel highly recommend it is there here let me just yeah give me it yeah let let let me bring it up on library so i don't uh i don't like i don't screw it up here oh good yeah so um l-o-u-i-s space t-h-o-m-a-s UIS space T H O M A S Lewis Thomas. Yeah. Yeah. So his channel is Lewis dash Thomas, and he's only got about like just under 3000 followers. But he does really, really great content and he posts pretty often.

So yeah, I, I watch his stuff like every time it comes out. Um, and he's, you know, he's, he's a small creator. Um, not that that's a problem or anything. I'm just saying he's kind of like underrated in my opinion. Um, so I highly recommend people check out his channel. And then in terms of someone who might be, you know, already getting tons and tons of views, I would say check out Tim cast because, um, you know, he's an amazing independent journalist and, uh, he's actually one of the top channels on, uh, on, on library now. And he's actually really, really definitely go check out Tim Paul's work. He is an absolutely amazing. Tim is great. Yeah, absolutely. Absolutely. Yeah. I mean, and it's hard to, um, there's so many different people that I follow. Like Naomi Brockwell does really, really great content.

Her stuff is really, um, like, I don't know what, how to say like, uh, like what I do and what you do and what like Tim does is usually like uncut, but hers is very like, uh, like news ask where it's like very like straight to the point. And there's a lot of editing and stuff that she puts into it. So she does really, really great work as well i mean there's so many people that it's hard to like narrow it down but definitely um lewis thomas is underrated and um naomi and tim are doing really really well and for good reason so yeah okay cool so uh i guess we can end it there before we go just shout out whatever platforms you feel like shouting out right now with any of your stuff that you're actually actively using that

you can talk about without keeping us here for the next hour yeah um i'll say read.cash because that's been uh the most exciting for me recently. They've been growing at basically like they 4X in last month. So it's because they just introduced platform rewards. So they're kind of blowing up because of that. And I think that there's a lot of value to be had there. to to be had there and it's going to be one of the main sort of bitcoin cash platforms that's probably is the only like serious super popular growing developing you know on the come up bitcoin cash social platforms so that's my big recommendation there's a million things that

i could recommend but uh they deserve a shout out right now because they're pretty small and i i see them going somewhere. I'll specifically talk about the stuff that like your social accounts that you want to be shouting out. Anyway, yeah, we can shout out Red Cash as well. Oh, I thought you meant like a specific platform. Okay.

Other people have gotten confused by that as well. Maybe I need to change how I say that. Yeah, no. I mean, you could just find me on every single platform at scott c business okay yeah yeah and if you're curious the um the story behind scott c business is just quite simply that because i a lot of people ask me why scott c business every scott cunningham name was taken there's like almost none that i could find without adding like a thousand numbers and scotty business it came to the point where I was just like scotty and then just adding words um and originally I had my university as the second word and then I was like that's dumb like

why would I tie myself to my university so uh by my username so then I was just like okay business or something um and then that's what I ended up going with. So not super interesting, but there's way too many Scotts out there, Scott Cunninghams. I was surprised. But yeah, everything under Scottsy Business. And then you can find my podcast and basically anything that you wouldn't find under Scottsy Business, you'd find under crypto and things. That's what you would search to find my stuff on like spotify and all that good stuff on those platforms i just sort of have my interviews not not my regular content um but otherwise you know you'll find the most content on library because i

do some exclusive stuff and um yeah so the best place to follow me is on library at Scott C business. Okay. Awesome. Um, yeah, this, I feel like has been a pretty informative episode. Actually, you spent most of the episode talking. I didn't really get much to say in this one, which is kind of nice because usually I'm a lot of the guests I've brought on have been, uh, a lot of my friends who aren't really used to talking on camera that much. So I'm usually the one bringing it topic topic topic but you managed to just keep it going yourself so that made my job much easier this week so thank you for that yeah i mean i could just i could just talk forever about crypto yeah it does seem and then not to toot my own horn or any yeah and that's the thing right i

always say it's like you know someone's seriously like good at what they're doing when they're really interested. And because they'll be able to talk about it infinitely. When you get someone who's like a fake expert and you're like asking them questions, they'll be like, oh, don't ask me that. So like, that's such a simple question or whatever. And it's like, do you know the answer? But someone who likes it will just go on and on and on.

And you'll have to tell them to stop um and i thought that's funny but yeah that that's definitely the case when it comes to blockchain and crypto well thank you for coming on to the episode scott this has been a lot of fun for me awesome yeah it's been fun for me too and i really appreciate jumping on and uh tech over tea but with a with a beer instead yeah i've got an i've got an empty teacup here with a cat on it very nice um i didn't that was from last night i haven't taken out of my room yet i think it was last night maybe a few days ago i don't know uh hey it's where everyone's everyone's at home doing their thing right so yeah everyone's at home anyway so hey this is why i frame my shot the way i frame it there's like stuff on my floor but you can't see everyone's at home doing their thing, right? Well, yeah, everyone's at home anyway, so hey.

This is why I frame my shot the way I frame it. There's, like, stuff on my floor, but you can't see it because perfect framing. That's how you do it. You just got a good looking background. I mean, hey, I do the same thing, right? Like, this is my bedroom, but I make it, you know, look nice for the studio. Well, I think we'll end it there because we're just

Over an hour now But before we go I would like to thank my supporters So a special thank you to Joachim Craig Nathan, Andrew Montes, Uphealed at Ebro Tony, Donald Spaghin and Zilver If you want to check out the video version Of this podcast it's available on Library

And YouTube, the audio version is available Anywhere you listen to audio podcasts you'll find it there uh also go check out my main channel that is brodie robertson on library youtube and a bunch of other platforms as well uh yeah so this has been a lot of fun you're welcome back anytime you want to come back scott sure yeah let's let's do it sometime cool uh and that's pretty much everything for me and how do you want to sign off the episode because that's how i usually end this off i get the guests to do it because i don't feel like coming with an outro sure um yeah uh thanks everyone for

tuning in and um you know definitely check out library i'm going to be coming out with a review on all of those platforms very soon it'll'll be my fifth iteration of the comprehensive blockchain, social media and crypto monetized platform reviews. So it's a mouthful. But yeah, definitely going to come out with that very soon. So, you know, be on the lookout for that. And again, thank you for having me on the show. No worries.

Okay. So yeah, we just ended off there. So I'm out.