The David Knight Show - INTERVIEW Komposite — A Fix For Blockchain Limitations

Episode Date: January 7, 2025

Noam Krasniansky, founder of Komposite.org What is blockchain and what are its limitations — scalability, high costs, and limited adoption. Noam has designed a blockchain infrastructure capable of supporting over 3 Million nodes that is more decentralized than the current infrastructure, is more efficient, and has a revenue sharing aspect. In addition, Komposite offers a way to safeguard Brands and helps facilitate the first steps to web3If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @[e-mail] App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7 Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Have you received a red light or speed camera violation in the mail? Vehicle owners can pay or dispute online. Learn more at toronto.ca.aps. All right, and joining us now is Noam Kamninski, I think if I pronounced that correctly. Maybe I got close. Like I said, I'm going to refer to you mostly as Gnome. So we'll not struggle over the last name. But I wanted to tell you, it's very interesting, your project here.

And I think a lot of us have much that we don't know about blockchain. But one of the things that you say is that you've talked about, you did a press release about a white paper that would bridge Web 2 to Web 3. So let's start with that, and then we can talk about your organization. Or you can tell us about your organization if you want to. Again, it's composite with a K, K-O-M-P-O-S-I-T-E.org. So if you'd like to tell us about your organization first, then we can talk about Web 2 to Web 3 bridging and what those two things are. So tell us a little bit about composite. Yeah, thank you, David. So my name is Noam and nobody really knows me. So I am an entrepreneur. I'm an inventor. I have patents. I have for the last 47 years, I'm 52, being a tinker and someone that makes, that breaks through

barriers to get where I want to, right? That's good. And I was in Shark Tank a few years back and that exploded for me with a product called Bambooie, right? This one here. And I made partners with one of the sharks and my business exploded. We were in all kinds of platforms.

We started getting copied. Then after that, I said, if I get copied, I need to make a product that is uncopyable. So I started, I made the next product, had five patents, I waited for them. And then I brought them out. The hair ties that look like telephone wire that women use. I am the and then the next thing I know is big corporations,

billion dollar corporations are suing me to validate the patents because they and they sell millions of dollars and they don't want to pay me. And and I said, the system is rigged. The system is rigged. I, I learned through there's a book called the the art of war by Sun Tzu. It's a it's a mass read, if you're in politics, or you are in in business. And and I came to the conclusion that that was a whole bunch of bleep bleep, right? I don't know if you can say that right and and so for a couple of for a couple uh for a few months i was really not in a good place and i decided to make a product

that was uncopyable that i could build an organizational business where not only would i sell to just the first time to a customer, but it could have repeat business because that's the major issue. And, and I came to the conclusion that IP property things that have to do with art or have to do with a creators has a better protection than patents, for example, that you have to defend claims and stuff like that. So,

and so I created, I created a Unimos, which are different characters which Disney with all his protections and stuff have created a very strong legal network. And then I went into

blockchain. I knew nothing about blockchain. You have to understand, the reason I know so much about blockchain is because when I went into blockchain, I said, I don't get it you were talking to me like you like everybody should know about this but I don't get it so that's that's how I started right and I went to a point that I created a only most and I created all kinds of security labeling in order to marry collectibles, right, with the blockchain to make them unmutable, to make them uncopyable, and to allow anybody that's an artist, organizations,

brands, enterprises to be able to marry their products to something that will make it a uncounterfeitable right well first i did the unimals like i was saying we call it a house of animals and then i said you know what they're going to copy this from me so i i'm going to make it possible for other people to be able to do what i'm doing right but that's where the idea of composite came. And it comes from the idea is that it's it marries the digital with the physical. Right. That's why it's composite. It's a composite object, really. And we put a K because we you need to have something unique. Right. Right. And so that's how the idea came to be. I have a brother is a genius mathematician and knows about algorithms and math high mass and stuff like that

and took about two years to develop um the idea was clear but you have to develop a path that will allow a deployment worldwide and allow for a very solid um project and and that's what happened about a month ago we finished the paper it's completely readable by layman people, except the math, of course. And the idea of blockchain, the idea of Composite was that any organization or any person that is an artist or even creators can go there, have their own node and have a network within a public network. Right. Now, you told me that you want a explanation about what blockchain is and I'm gonna give you a few definitions so that you you can post a you can say I hear all about it the buzzwords crypto

blockchain you know aetherium binance what what what do I care right what you do need to care because this is the revolution this is going to change the world okay so let's start with a basic principle of why is it called blockchain right really simple it means there's a chain of blocks and by blocks it means a whole bunch of transactions together in a block that it says okay this is the block that's how many transactions we have and now we're gonna we're gonna make it a um into part of the chain and what happens is these these let's say network let's call it a network right um it decides what the it brings out a block that is the final the final number of transactions and decides to put it on a chain and they add

cryptography at the end of both sides of the block so that that amount that information cannot be changed that's what it means it's a block of transactions okay and it's on a chain second word is crypto right they use crypto like his money but really this right it represents so in this let's say network let's call it networks ethereum and bitcoin are the most famous ones we have ripple we have all kinds of networks but let's just make it simple crypto stands as shortening for cryptography right cryptography the idea of cryptography is to to put in uh codes and letters and stuff that has a special key that if i send a message like it's it cannot be deciphered by anybody once it's transmitter transmitted it and and the person that receives it can have a like a key and they can they can decipher the message

it was using world war ii you know between the allies and and the and also the Nazis, right? Incredible, incredible technology. The Enigma machine that everybody is familiar with. Exactly. You know, you've seen the movies. And there's a key of 256 characters that is used by Visa and MasterCard and things like that, that they do it for encryption. But it's also used in blockchain where they put it at the end of the block. And what that happens, how is that

important is because now that block that is created, that is entrapped between encryption and together with another block, now it cannot be changed. And this is what makes blockchain different. Okay. Now there's another term called decentralization. This is a decentralized network. What does that mean? Okay. When you have an, any organization, let's say you have Coca-Cola or you have the government or you have even your own organization, right?

Everybody has a central server, right? And from that central server, all the information flows in and out, right? It goes in and out. And that gives one organization the power of changing things or controlling information, right? And what happens when Bitcoin came to be about 16 years ago, they created sort of like a program. Let's make it simple. They created a program that will allow for a network without a central server. Let me explain.

They made a program that will allow for different computers to connect and work together in a process without a centralized control. Let's put it that way. And all that blockchain is, or this decentralized network is, is a ledger. As you heard it, it's just something that writes information. David owes Noam $100, right? Noam owes his kids $20. And everybody can see it. So if, for example, I say I had $100 and I paid $100, I cannot do the transaction twice.

I cannot say I paid David $100 and now I'm going to pay Trump. Let's say Trump, I pay him $100. Because they will verify on the blocks of information that that transaction already happened everybody can see it and by consensus of the whole uh when they look at that transaction they say no that this cannot happen because the information is incorrect or because it shows there now and let me let me jump in here because we talked about cryptography and encryption and things like that and and that has been a long-standing definition of the word uh

and we we think about things like the enigma machine that was being used by uh espionage and and intelligence agencies to hide information i think that's part of where the confusion comes in when people think that the blockchain is private. They hear the crypto stuff and they don't realize that people can still read it. They can't change it, but everybody can read it, which is what you're just pointing out there. I think that's a point of confusion for a lot of people. Well, okay. So let me just explain this just a little bit more. So what happens is all these nodes that have a ledger, they all have the same final ledger, which is in a blockchain. The final one, right?

The ones that everybody approves. And so it made it transparent. Everybody could look at the transaction. And by making it transparent and immutable, meaning that it couldn't be changed, now you could build trust between parties that might not have trust between each other because the information could not be changed. Does that make any sense? Yeah. Example, when you have a bank, right, something could happen that maybe they don't have enough money in their ledger or whatever, but they don't tell anybody. The people that are going in and out, you know, doing transactions, they don't know that that bank might not be

solvent for like you know two or three years because it's centralized so this allow the idea was to to the idea was to stop the manipulation right explanation in bitcoin the idea or the original idea of bitcoin was to transfer to transfer If I lived in Florida and I want to send to a friend in Japan money today, I have to go to my bank account. I have to do a wire, charge him $45. He goes to my bank. He goes to a transitional bank. He goes to an international bank.

Then he goes to the Chinese, I'm sorry, to the Japanese main bank. Then to his bank. Three days later, he's on his account. He still cannot get it because he has to prove he's him. He has to show his cards, his social security, maybe even his blood type these days. And then they charge him another $45 and it takes another three days just to get it. So six days to transfer $100, they are charging $45 to me, $45 to him. He only gets $10. It will still be that $90 if you transfer more money, but I'm just giving you an example. So the idea of Bitcoin was that I have, within the network, I have a wallet,

and I send him a piece of Bitcoin or a Bitcoin at a time, he gets it within a few minutes. And that's it. There's no intermediaries, There's no government agencies. There's no bureaucracy. It's done. It's simple. And he cuts the middleman and he cuts all those fees and he cuts the control. And that was the idea when he started. Right. And it was worth very little. He had games so people can collect the Bitcoin. Right. happened is the manipulators of the stock got involved and started manipulating it and started doing stocks and bonds and it started going up and fluctuating and it went from 10 cents to 10, to 100, to 1,000, and it has different cycles. And then people, instead of using it, they started holding on to it. Oh, this is worth something, so I should keep it. So the purpose, what Bitcoin was designed for, stopped being the purpose, and now it was just gather, you know, mine, create these coins, which really are tokens. By the way, Bitcoin, Ethereum, and all

the other things are called tokens are exactly that. You go to a casino, they give you a casino token that says this is $100. It's the exact same principle. It only supposedly works only on that network, right? Right. The exchanges is what allows you to change one for the other. So the purpose that Bitcoin was there to transfer value went away and it became value itself. And then the organizations and the financial institutions that were supposed to subvert or go around started getting into it because everybody's into it. And now no longer is decentralized

and it has different centralization points like an exchange. You go now to Coinbase and you buy it, you put money, you know, they call it fiat money, regular money. And then you have to wait six days until you get it. You can attach it. They do CMYKk which they want to know all your information so so at this point what it was created the purpose of the decentralization the purpose of blockchain

and what bitcoin was created has been subverted right that's an excellent explanation and explanation. And I think it's basically, I haven't read the book yet, but I think it's what Roger Ver was talking about when we talked about hijacking of Bitcoin, that it was set up as a transactional thing and now it's been hijacked as an asset. And as you point out, the big institutions have essentially hijacked it and subverted its purpose. And it's an excellent explanation of that, yes.

The three largest owners of Bitcoin, I believe it's the Chinese government, the American government, and BlackRock. Yeah, BlackRock, yeah. They govern everything, the world government. Yes, yes, yes. If you are a public organization. And Germany was really stupid selling all the Bitcoin they had.

But so that explains what a blockchain is. And now but blockchain is sort of like a tool that is a multipurpose and crypto. And the use for financial is just as little sliver of what it can produce. The idea is to create a decentralized work. Okay, so Bitcoin, so let's go back. So Bitcoin, the purpose of Bitcoin was to transfer value. Then second network that came to life was Ethereum, right? There was a guy called Vitalik and he was obsessed with Bitcoin.

He loved Bitcoin. He had a magazine about Bitcoin. He went to all the things when he started. And then he said, why don't we use the same network to not just transfer value, but transfer work like a contract? Like if you do certain things, then because it's so open and it works so well, you can get paid or a contract gets done. And that's how the contract system started to work. And he wrote something. He presented. And some people invested. It was only about $15 million that he got.

I think it was an ITO. He didn't even give any tokens at the time, just a promise of the token, right? And they started working on this. And that is the second largest network that exists, is that is huge which it wasn't just for value but it was for transfer of work like if uh and it could be used for example in transportation if i received the goods of this then i i payment should happen right and and the and the ethereum network started working you know it was all the new people all the what they call us geeks geeks right in the movies and stuff they were all excited and nobody else was right and then what happened is is there was a big a um like a clog on the system um when CryptoKitties came out in Canada, there was these

they're called NFTs, where you see different characters. LittleKitties, we're not going to go into that because that's a little long explanation. But this organization, so many people wanted it that when they and they needed to transact on the ethereum network where the contract was okay i give you this image and this number and you give me ethereum right so many transactions needed to happen that it delayed the system for six minutes then it created a glut on the market and it made the price of the transaction

go up right which made them realize that the network was not was not productive or stable when these glats happened right eventually they started you know many years later they created ethereum 2.0 which now they have 64 64 different networks. It's still finite. But the problems of blockchain in general is that they can only produce one block at a time. No matter how many nodes you have or how much work is happening, only one, no, not one node.

I mean, one block, yes? One block at the end is what they produce. They're all competing against each other, right. And whoever gets that first gets paid. So all other like, for example, Bitcoin has sixty five thousand notes about right. All of them are competing to make a block. Only one block at the time comes out. So only one note wins and gets paid. All the other energy to and all the other work done by the other ones is wasted. That's why they say they waste so much electricity and energy.

Because it's an arcane system created to bypass the financial institutions that has grown. And it wasn't designed for huge growth. It is not designed to take the transactions of the world. And that's what I mean by Web2. Web2 is all the other regular businesses that are in the internet because everybody's on the internet these days and they have an organization. But blockchain cannot take those transactions or those contracts or usage because the transactional process is too expensive.

So the next thing happens, and that's called layer one. It's layer one because it's the basic blockchain. So other companies come and they created a layer two, right? Where they use the basic network and they solve issues that that network has, but in a layer two problem. Example, I'm not going to talk about companies, right? Because I'm not shilling other people. But the point is that, let's say that a transaction in Ethereum has gone to $600 for one transaction.

Let's just say that happens and nobody wants to do a contract for exchanging something that costs $30, you know, ownership or whatever, for a $600 price. It's stupid. So it's counterintuitive. So what the second layer does is they say, okay, come and do a transaction with us. We're called blah, blah, right? Whatever.

And we'll take 1,000 transactions, or we'll take 2,000 or 5,000, and then only then do we will put that as a transaction on the blockchain. So you divide 600 by 5,000 or $5,000, and then only then do we will put that as a transaction on the blockchain. So you divide $600 by $5,000 or whatever, so the transactional cost goes smaller. It's a fraction. It's fractionalizing it, right?

Right. But the real issue is that it has a basic problem. The blockchains have a problem of scalability, security, and price. It cannot be used by the regular folk. And by not being able to use by the regular folk enterprises, organizations, libraries, DMVs, or whatever the case may be, it defeats the purpose of using decentralized computing to solve different issues. So here is where his composite

camp comes. Composite will allow in its first stage to have three million nodes. Its scalability and change of how we're going to change the paradigm, how it works, is each cycle will not just give you one block example you have bitcoin they're all processing the next bitcoin right and 65 different 65 000 different nodes are competing against each other this is the most this is the most inefficient computer in the world okay it is it is the paradigm of inefficiency right and the second paradigm is that whenever there's a glut for transactions

the price goes up dramatically because the purpose of that is because supply and demand but really the purpose is to have people remove transactions so they can actually do the transactions that they can actually afford to do. So we solve this in two ways. Okay. Number one, when we have all our nodes, we're going to have a node, which is going to call a clerk node, that will separate and do pre, we call it prot a clerk node that will separate and do pre pre we call it proto blocks that will give transactions to do to different groups we call them cords

within the blockchain so the blockchain if he has let's say 10 000 nodes that are verifying nodes and we have let's say a thousand uh transactions or the sort, we can separate them into 10, 10 quarts of a thousand nodes, let's say, for example, right? And each quart will actually verify a block. So it will divide the work between, and everybody will be working and everybody will actually get a gain. Everybody that has a node will actually get paid and it will divide the work intelligently. Now they say, but that can be a tax security-wise.

It's true. But we devise a node chaotic algorithm sequence that nobody will know who is going to be or where they're going to be or when they're going to be with mathematics and algorithms like that. But at that point, we changed the paradigm that all the network needs to work on one piece of work, right? So everybody will be productive. So the result at the end, right,

is will be at one point you can have one block. The next block on the change could be 10 blocks. The next one could be 75. It could be three. So it will be dynamic. It will work horizontally and vertically. And at that point, you resolve the problem of the productivity. Now, what will happen?

What are we going to do in our block when we have too many transactions and not enough nodes? We're going to do something that is counterintuitive. We're going to lower the price of transactions. Right? So the nodes are going to get less money for transacting. And we're going to encourage them to put more nodes. Because the nodes that you need for our network is any computer.

Anybody with a computer can have a node. Because the idea is that we want to add more processing power to the decentralized blockchain. We want them to be able to, we want to make the biggest, hugest computer in the world available for different people fractionally. Does that make any sense? So by lowering the price of of transaction it will increase the amount of now if i have two notes and i'm making half the price i'm going to put two more i'll put my other computer my wife's computer my daughter and then what will happen it will my the amount of money i'm making will be the same and what will happen is will increase the amount of nodes and

then and then by proportion it will be you'll have much more capacity at that that increase the amount of nodes, and then by proportion, you'll have much more capacity. At that moment is when you need to increase your capacity. That's how we do it. And more people are going to want to transact because it's cheaper. And then when this increases there, and proportionally there's less transactions than the nodes available,

the price goes up again. So everybody that increased their nodes now are going to again they're double they double the notes and now it doubles again oh i don't know if it's going to double but it will increase back to the original price and now we have made the network grow so those are the moments of pain that we decided to change how things work in order to grow the network. Because in order to grow to 3 million nodes, you have to do it somehow. And that way we don't lose the customers saying, oh, this is a crappy network. It takes 20 minutes and it charges you $400. No, no, no.

This is fast and it's cheaper. And that's how we will grow the network. And what will happen when you have 3 million nodes using the token? It will become the biggest amount of people dealing with this token. So it will be the most used token in the world. It will basically eat all the other networks up and whoever owns that token from the beginning will will be part of um of um of an we call it the decentralized economy and ideally we want to make that token that it can be used for anything right we would like to have notes that a like louis vuitton wants to do a a node in the network they will be able to have their network that they control within the public network

and they will be more transparent, but they will also be able to protect their products better. I'll give you an example. A really simple example. I created this character score Unimus. That's how the principle started. Then I go and I make a pin or a charm. This is just for kids. I made it for kids, right? This is like a little, right? And I put it in a package.

I put it in a package and, and then, and then I put a label. We call it a K-link, not a label, but this is going to be stuck to it. It's going to be metallic, right? It's security. I, I studied how money is made just to to do animals right you have of cover security um you have to use like infra infra infra um uv light you have hologram security there's a thing called intaglio right um we'll have the what they use in a hundred dollar bill where the this this changes color, right?

It's only done with security. And then when it goes through the process, it will print a QR code. Can you see that there? Do you see that QR code there? Okay. Now, when we make this, that is when this will become married to the blockchain. Let's say this is in a package, right? Somebody has it because that has, we call it an NFT today, right?

But it will be married to this and this will be unique and it will be under ownership in the blockchain, right? Because everybody will know, we make it born, we do the transaction, it shows on the block

and it says it belongs to the house of Onimos. Now, when a customer buys it and they buy, let's say, five of them, right, and they buy it and they get it, when they go in their app and they go clicky, you know, clicky, clicky, they transfer ownership to them. Now, by doing that, it changes completely the paradigm of ownership because now you own it as a physical object and you own it as a, in the blockchain or digital,

let's call it a title and also digital form, right? And now I can prove that it's mine. I can show the provenance if I sell it to someone else, right? It goes to the parent company because they verify it. And what happens now is when somebody has a bag or a hat or something, and somebody wants to own it,

they just have to go on the enterprise company, like app, and they click on it, they can prove that they are the owner. And counterfeit at that moment, because the buyer becomes the inspector, they become obsolete. Does that make sense? Yeah, that is. That's interesting. It kind of weds the physical world to NFTs or something in a sense, right?

Exactly. We were creating this before NFTs came to be, but then that was a brilliant solution. So what happens now, companies will come into Composite, will be able to create all of their products, whether it's for distribution to show how it goes from the factory to the right distributor or how it goes from farm. People that are organic, they want to see which farm it comes from to your table, whether you have a phone and all the parts have a link to that. And then you can see how much they cost. So when somebody offers them $100, they say, hey, I have here $300 worth of parts.

It can be that precise. And each enterprise that wants to be part of the blockchain will be able to control all of the items and products or whatever services they are, and they will be using the public blockchain, the process, you understand, because that's really what it is and everybody gets paid in tokens back and forth back and forth so what will happen it will become the biggest transactional a blockchain in the world it will change it will change the world as

we know it because it is the next step of of of the internet where you get counterfeited you get you get a scam you get all kinds of things and of course counterfeiting and stealing intellectual property that's always been a big part of the china price and you know you have situations where people will set up a factory there uh and and they will um uh they will counterfeit let's's say, a brake pad. That was one that was a pretty famous example I saw. And they replicated everything about it. I mean, you could not even the people that the original owners and the people who designed this thing, they could look at the package and it's a knockoff that is absolutely perfect. Except for the fact that the brake pad is like making out of paper instead of

other so when what happens when somebody puts it in they think they're getting an original part and they get some cheap imitation and somebody has an accident because the the brake part is is not a real brake and it's defective then the other company would even get sued you know so i could see that people would do something like that in order to verify that their stuff was genuine because counterfeiting has become so sophisticated. That happened to me. That happened to me. I told you at the beginning of our podcast, I'm an inventor. I'm a producer.

I've made dozens of products that have been on stores. A company, even your own factories, will take your product, your label and sell it bootlegged from the back, or they will take your formulas and they will put another label and sell it to your competitor. They have no scruples. For them, it's stupid not to do it. Why not? It's business. But when it happens to them, then they don't like it as a matter of fact i believe there's a law in china that if they are they they they they they force citizens to steal intellectual property wow that's how china advances technologically because of intellectual property stolen in industry.

It's called a company espionage. So it's a kleptocracy. It's not a communist country. It's just a kleptocracy. They might not ever sell to me again telling you these things, right? But that is the problem. We use China as the capital or the country to do production

because truly it is much cheaper, right? And when they wanted to make a one world, the idea is that they wanted to make one world government, right? And let's not get started on that, like a complete other podcast. They wanted to have no barriers. So they want you to produce this in China,

sell it in America, have great amount of profitability. And they started taking industry and companies out of America because nobody cares, sort of, right? Why do we want to deal with Americans there? The workers are a piece of crap. Let's just send it to China and we sell it to them, right? And that's what's been happening for decades but but but it is affecting the big companies it's affecting the little companies do you know the counterfeiting is about 1.8 trillion dollars a year oh wow it and it affects everybody because it makes prices higher and people like you say they buy a prey cat that is bad but what about when when when

when some of the products inside here could be counterfeited what about if you you have uh works of art or or or well intellectual property is not a problem it's everywhere from from health, from pharmaceuticals, all the way down to $0.99 products, right? You will bring a product to them to manufacture. The next thing you know, they have your sample in a trade show in Germany saying we can do this, right? That's right. And it's only going to get worse because it's not just, you know, that it's not just the the counterfeiting and everything and the currency manipulation. But, of course, they're being given a huge advantage in terms of energy costs. And so all manufacturing is going to continue to go to China unless they address some of these fundamental things.

And there's nobody even talking about addressing those things. So it's going to be an issue of, you know, manufacturing is going to happen in China. You've got to find a way to to push back against that counterfeiting i've been in china almost 45 times throughout my career okay i used to go do it twice or three times a year and i was marveled by how something came and then he got adopted nationwide like like he was there for hundreds of years. Right. So, but one of the things that I noticed that China government did, which I thought was good for them, not for us, right.

Was that when they found an industry that they wanted to make sure he did well and somebody could do it, they will give them the money and they will give them the, the research. Wink, wink. You understand what I'm saying? Yeah. Right? That's right. Here's the plans.

Here's the plans. To do this. Now, I'll give you a perfect example that I know happens. Do you know the cleaning pad that is called Magic Eraser? Yeah. You know that thing? Yeah. Okay. It's made out of melamine.

It originally came from Germany. And the reason it's like that is because it was used as a fire retardant in construction. Because no fire can go through. Right? Yeah. About more than 20 years ago, I think. I remember I was doing a carpet cleaner. I used to sell in fairs and exhibitions and stuff like that.

As I told you, I was a tinker. And this customer of mine that was from Korea brought this before the magic eraser existed and said, oh, this is great for cleaning and this and the other and showed it to me. So it's amazing. And they were sent on the dollar, right? They were sent. He bought a whole container. He brought it from Korea, right? Yeah.

The Koreans were buying them from Germany, saying that it was for construction. They were taking the big buns. Did I freeze? It looks like I froze. Can you hear me? Yeah, you did freeze. I still got you though. Yeah, you're back now.

You're back now. So the big buns, like they look like huge buns. They cut them in pieces, right? Because construction was so cheap and they would sell them for 10 cents and anybody could sell it for a dollar, right? And then the Germans caught up to it and said, hey, you cannot do that, right?

So what we're going to do now is we're going to do now is we're going to do a gray color one a great color one for construction and the white one we made a deal with procter and gamble or whoever they're going to sell those pads right and and then and then for a while you see in the black market the the gray pads being sold for cleveland as well anyway now 10 years go by China is trying to copy it. And the sponge that they have is full of bubbles. And it doesn't clean as well.

And it falls apart, right? I mean, this is a great product to sell because it gets destroyed as you clean it. And you have to buy another one. It's the perfect product, right? It's a planned obsolescence right there, yeah. Exactly, obsolescence. That's the way I was looking. So, um, so then what happens is China from one day to another, they had the perfect sponge and it was like the German one. And,

and that only happened. And I'm telling you only happened because, uh, because of corporate espionage. Does that, does that make sense? Yeah. Uh, absolutely. And my camera, there we go. There we go. You're back. Maybe this camera is Chinese and it's going against me. Anyway, of corporate espionage. Does that make sense? Yeah, absolutely. And my camera, there we go. There we go, you're back. Maybe this camera is Chinese and it's going against me. Anyway, so, but do you see what I'm saying? So that's-

Just overnight they found the plans. That's right. We just thought of that overnight. Why didn't I think of that before? Oh, TikTok, it must be TikTok. It must be TikTok. Yeah, that's right. Anyway, so that is built upon them.

They use other people's R&D to improve the products that they are doing that other people want to buy. And a third world country or a country in the Middle East will buy their sponges, which are half or one third of the price. And it serves a purpose, right? But enough is enough,

right? This mega machine that eats up purpose. Right. But but enough is enough. Right. Right. These these these mega, mega machine that eats up entrepreneurs and innovation and research and development and patents and in an ingenuity. Enough. Right. Enough. The artists, the entrepreneurs, the creators, the innovators, the companies that spend billions of dollars on research and development now have an opportunity to be part of Composite, have their own node, and have all of their customers be within their network, right?

They are part of the network and every product can be proven. And I'll show you how effective this is. You know, my wife likes Louis Vuittons, okay? Whose wife doesn't, right? And there's all kinds of bags. Hermes is the most expensive one. They're absolutely nuts how they sell,

but it's all about status, right? I have my Louis Vuitton bag, right? And so imagine if a Louis Vuitton bag had a security link within it that shows that that bag is original and it belongs to the person. Now, she wants to sell it, right? Or people see it, right? And they can go with their phone and do click. And it shows it belongs to her.

It gives her recognition. If she bought it secondhand, because the problem in the secondhand business is where the most counterfeit happens, right? You go to eBay. You want to buy a secondhand bag. It looks just as good. You think it's good. It's a great price. You buy it.

Boom. You get it. You want to fix it in the store and say, this is counterfeited. You are a thief, right? That's what they will say to you. But you didn't know that. But imagine now you have a label and the company itself, like Louis Vuitton, they have a very fine note on the network and you want to sell it. You don't use eBay.

You use Louis Vuitton's secondary market. Now, because it's on the blockchain, they can make money because it's on the code in every transaction of that product for the rest of the life of that product. So I can use Louis Vuitton to put it on the market. Somebody buys a secondhand one. It's cheaper. It doesn't matter. Louis Vuitton is the one that verifies as the correct bag. The transaction transfer, that's how they become sort of like an escrow company it doesn't matter they're losing have a half um maybe a hundred billion dollars on transactions on the

secondary market now they get 20 25 of that so what happens is the customer now the customers protect the brand and they become the counterfeit experts and they defend it. And what happens? Somebody buys a counterfeit now that wants to show that they have the bag, knows that other people are going to see that that's not real. So now it forces and it takes away the demand for counterfeit goods. Does that make any sense? Oh, yeah. Oh, absolutely.

That's a great idea. Sorry. No, I think in your example there, the fact that the people who have been defrauded with the counterfeiting that's going out there, not only do they have a way to stop that, but they also have some way as part of the confirmation network to get some small fee off of each of these transactions. I think it's a great idea yeah it's a small fee for the for the seller but it's a huge

fee for the brand because now he has a he has a new revenue stream that he didn't expect that he missed it's a revenue stream that is in the billions of dollars for let's say luxury goods but what about look let's take another example. Do you know that Ferrari in 1979, right? I don't know the exact. I'm just paraphrasing here. Just understand. I don't know which is the year, but I remember seeing at one point

that one of the years showed that Ferrari made 100 or 200 cars. But if you look at how many cars are listed for that year, there's 500 cars. Right? So it can be applied for the DMV. The DMV could use this system, have its own node, and produce driver's licenses. It could be applied for food verification that is really organic

and who it really came from. It could be applied for like example honey right we all try to be a little more healthy and supposedly honey is better than sugar and all these other sugar additives but do you know that honey when it comes from from abroad they sometimes put the syrup on it and they mix it up with sugar and and they mix it and blend it. They do that in the US too. So what about if you can verify that you are getting the right thing? So it is applicable to everything, but what's more important,

the network scalability can grow without affecting the security of the transaction and the block. And that's what Composite does. I'm trying to make it real to regular people because it says, what the hell does blockchain going to affect me? Well, listen, in 10 years, every transaction will be through blockchain. AI. Oh, AI. What about if somebody takes your image? You've been in how many videos online you have?

No, I don't know. I've been doing this for years i don't know i have no idea okay let's say okay hey let's imagine somebody takes one of your videos takes your face right and then puts it on the in the next i don't know terrorist attack right and then it shows you in or saying something unthinkable right or doing something unthinkable and right? Or doing something unthinkable. And they, and they say, unless you pay me a million dollars or $300,000, we're going to publish this. And you're going to be on, on, on, you're going to be on, you know, um, on jail, or you're going to be, you're not going to be able to, to be online anymore. Right? That's right. So, so in composite, we also want this technology of authentication that can go

right on the image or on the code of a person, of a video, or of voice, music, let's say, or a contract. And that way, whatever videos you take out, you say, this is me, right? And whatever videos, it's

not you. Now you can say it is verified or it's not verified. Imagine if now. And that's going to be a big problem because it's gotten so good and so quickly. It's advancing. The people aren't going to be able to tell fakes from the real thing. It's happening. Whether you're talking about voice or image or people moving and all the rest of the stuff, anything can be faked.

Yeah, I mean, it happened like 10 years ago. They had Morgan Freeman, a system a you know saying you should turn right or you should turn left or whatever right you know what i'm saying right so so it's applicable and what's wonderful is that it's at the beginning stages and what's happening here david is that we were going to make a foundation this i i'm making this into a foundation because it's the way if you don't do it for profit, it works better because you don't get attacked as much. And we were going to do a foundation in Zag, Switzerland, which is

what Ethereum did, right? Then we were going to deploy it internationally and then the US could have been involved with it because no longer is centralized. Because when you start a blockchain, it's centralized. You need a body that creates the programming, deploys it and controls it, and then you let it run, right? And so what we're looking for is to do it here in the US. We would like to do this blockchain in the US,

enough, enough bringing technology and work outside of the US it should be here we we should be it should be great and why not right and so we we want more clarity when Trump said that he will do no capital gain taxes in any blockchain products that are done here right what does that mean what does that mean can I do a foundation and then do an ITO? Because in order to start a blockchain,

you do a thing called an initial token offering, right? You do tokens at a discount that brings money in, and so you can do development, right? But the problem that when you did that in the US, when it all started with blockchain, the SEC came and said no no no no

no this is not a blockchain this is a security because you're asking money for something that is going to go up in price does that make sense oh yeah so and it looks like that's going to be a lot of a lot of deregulation this let me ask you this though you know um we're talking about being distributed and and having millions of nodes there this is something that's going to run on people's personal computers are going to be an app or something that people download it's going to be it's going to be they call it a client but it's let's call it like an app it's a program running using their processing power when the computer is not being used for transaction for processing basically so people will be able to do kind of as their computer is idle they would

be able to do a little bit of in a sense kind of like mining essentially essentially uh in a distributed way yes exactly well the difference with mining in bitcoin is that they're doing a process where they're trying to get in order to make a coin you have to find a prime number. A prime number is a number that it can be divided by itself and by one, I think. Yes. So it started as one, three, five, seven. That's really easy. That's why Satoshi, he has the first million or two million numbers in his account. He's never used them, right?

Because they're easy. But what happens is the numbers become bigger and bigger and bigger. And eventually they're the size of a 20-story building. And in order to find the prime, you need a lot of processing power. So that's what mining is called in that case, right? And also you have transactions where you change transactions. That's another way that the miners make make money but but in this case the purpose of the composite node is to do transactions of work for for the world right if a company wants to transfer ownership of this or wants to ship that or the other then the processing power will happen within other nodes so it's basically the computer grows so the capacity grows so the

productivity grows as more nodes get involved and more computers so it will become like the largest decentralized computer where you can access to do work and it will be paid with tokens within the network so what will happen at some toys oh great that's a great picture of me what will happen is that that someone that maybe lives in the appalachian mountains and has you know has a an ipad and has a computer and has uh i don't know uh some something goes on the TV, it goes to work, and he could put those items or computer chips to work and get paid in tokens. And the idea is that those tokens could be used for anything. Eventually, the supermarket will have its own node,

and you can come with a token and buy milk or coffee or whatever the case may be, or you can pay someone else, but it could be used as something that is working for you, right? And if you get early on the system, you can collect more tokens. And as they go up in value, we're going to try not to make them go to $100,000. I'm sorry, but it's impossible to make a utilitarian that way but but then what will happen is it will allow you to it will allow you to gain some when when life doesn't seem fair where all you have to do is you can use those computers that the computer processing power and add it to the network and that's that's what we want we want everybody to

make money we want to have the people that have notes to make money when the people that that at the beginning in their aim they get tokens in the ito to make money we want the enterprises to be part of it and and definitely control and and not lose so much money and and and hey if governmental agencies want to get involved and use it as well it's great because it adds transparency. Do you understand that? It shows that they're not so close. They're not showing everything. And it gives people more trust.

It allows to give more trust because it's a little bit more transparent. That's a great idea. People get a chance to make some money there. But the key thing is coming against the fraud that is just so rampant everywhere. That's a great idea. So you're setting up composite.org. That's where people can go to learn more about it and follow your progress, right? And you're kind of looking for some more clarity to see what's really going to happen

with the Trump administration that made a lot of talk about deregulation of crypto. So you're looking to see exactly where those lines are going to fall. Actually, can I interject something? I got the number from David Sash, which is going to be the crypto, the blockchain, AISAR. And I did call him and I did send an email. I would like some clarity because I don't want to take this to Switzerland and not give it access to Americans. I think Americans deserve to make tons of money and this network is going to be the largest network in the world and it should be American. It's what I think it should. And I would like help on this because nobody's giving me any answers. And this is going to continue.

But if I have to take it to Switzerland, I will because it still is going to be able to use once it's deployed. But most people gain when they get early on at the onset of something. If we all have bought Bitcoin when it was $10, it's just $1, a thousand dollars we'll be millionaires right right that's right a lot of people like that uh yeah yeah yeah and so so so they can go into my my i have handles i am in linkedin uh i'm sure you're gonna hopefully you show in the show i know i'm in ski i mean in so linkedin for business. I have X for conspiracy theories, which I'm one of them, and that's fine. I have Instagram as well.

Right. If you want to contact me, my email is really simple. My first name, Noam, N-O-A-M. Is all that stuff on composite.org? Exactly. We'll grab some of that and we'll put it in the video so that people have that.

I appreciate that because anybody can contact me, people that would like to be miners, people that would like to be part of this, even developers. People that are good developers, even they get paid $400,000 a year. If any developer gets in an initial part of a blockchain project, they get paid in tokens and they become millionaires. Most developers that start in a project become multimillionaires and then they become investors. You know how it goes. Well, it sounds like a great idea. And certainly I sympathize with you having seen how your work was stolen. And it's a great solution to keep other people's work from being stolen.

Thank you so much, Noam Krasniansky. Is that correct? Did I get close? Let me – Krasniansky. But you chopped it up nicely. Okay. You chopped it up nicely. I'd have to practice a little bit more.

Today I got kind of close on the canadian prime minister's name so or a conservative party leader's name i should say uh so we work at these things so we'll say no not not trudeau but um pierre poly ev i think is the way he pronounces it uh the conservative who the head of the conservatives that would likely be uh prime minister if they win but nevertheless um yeah some sometimes names can be challenging. But this is a great challenge that you've taken on, and it looks like a great idea. And again, folks, it is composite with a K, composite.org, and we'll have the information there so that you can contact Noam and ask him about things.

So listen, also, David, I just want to let you know that blockchain, it looks like it's murky and it's just for young people and you don't really know. So in the future, I had to learn everything from top to bottom. I've studied more blockchains than most people will know. I've read more white papers than you can imagine. And you did a great job of explaining it. Yes, yes, because I have a brother that is an academic, right? And he's a genius mathematically. But when he wrote the white paper, I said, I don't understand this.

So I had to, you can see me. Explain it to me like I'm an 8-year-old. I don't understand this. I don't understand this. So if you ever want to put me again on your show and ask me questions or people want to reach out and say, I don't understand this. So if you ever want to put me again on your show and ask me questions or people want to reach out and say, I don't understand this. And you want simple, down-to-earth answers that are applicable to anybody's daily life, you're welcome. You're welcome. I'll be more than a pleasure to come again.

That's great. Thank you so much. And do we have any questions there for him? No, we didn't have any questions today. So we'll let people digest this, and they'll have the contact information there to get to you. Thank you so much. Very interesting. And as I said before, I think one of the best explanations I've seen of the blockchain, the history of this.

Thank you so much for what you're doing. I wish you the best of luck. And maybe we'll have this interview one day it'll be uh it'll be gold and we can put that um we can put a qr code on the chain there's like look i interviewed this guy as he was getting started thank you so much you know what i if you ask me to interview me at that point i will always say yes thank you so much thank you best of wishes to you and uh folks thank you for joining us. And Progress Retort, thank you very much for the tip. I appreciate that. We'll get to the comment and the other comments. We'll get to those tomorrow. No more time in the program.

Thank you for joining us. Have a good day. Hello, it's me, Volodymyr Zelensky. I'm so tired of wearing these same T-shirts everywhere for years. You'd think with all the billions I've skimmed off America, I could dress better. And I could, if only David Knight would send me one of his beautiful grey MacGuffin hoodies or a new black T-shirt with the MacGuffin logo in blue. But he told me to get lost. Maybe one of you American suckers can buy me some at the DavidKnightShow.com. You should be able to buy me several hundred. Those amazing sand-colored

microphone hoodies are so beautiful. I'd wear something other than green military cosplay to my various galas and social events. If you want to save on shipping, just put it in the next package of bombs and missiles coming from the USA.