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<v Speaker 1>All right, and joining us now is Gnome Kumyinsky. I

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<v Speaker 1>think if I pronounced that correctly, maybe I got closes.

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<v Speaker 1>Like I said, I'm going to refer to you mostly

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<v Speaker 1>as Gnome, so we'll not struggle over the last name.

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<v Speaker 1>But I wanted to tell you it's very interesting your

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<v Speaker 1>project here, and I think a lot of us have

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<v Speaker 1>much that we don't know about blockchain. But one of

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<v Speaker 1>the things that you say is that you've talked about

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<v Speaker 1>You did a press release about a white paper that

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<v Speaker 1>would bridge Web two to Web three. So let's start

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<v Speaker 1>with that, and then we can talk about your organization,

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<v Speaker 1>but or you can tell us about your organization if

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<v Speaker 1>you want to begin. It's it's composite with a K,

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<v Speaker 1>K O, M, P O, S I T E dot org.

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<v Speaker 1>So if you'd like to tell us about your organization first,

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<v Speaker 1>and then we can talk about Web two to Web

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<v Speaker 1>three bridging and what those two things are. So tell

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<v Speaker 1>us a little bit about composite.

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<v Speaker 2>Yeah, thank you, David. So my name is Noah and

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<v Speaker 2>nobody really knows me. So I am an entrepreneur, I'm

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<v Speaker 2>an inventor, I have patents I have for the last

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<v Speaker 2>forty seven years. I'm fifty two. Been a tinker and

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<v Speaker 2>someone that makes that breaks through barriers to get where

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<v Speaker 2>I want to write. And I was in shar tank

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<v Speaker 2>a few years back, and that exploded for me with

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<v Speaker 2>a product called Bambooi. Right this one here, and I

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<v Speaker 2>made partners with one of the sharks, and my business exploded.

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<v Speaker 2>We were in all kinds of platforms. We started getting copied.

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<v Speaker 2>Then after that, I said, if I get copied, I

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<v Speaker 2>need to make a product that is uncopyable. So I started.

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<v Speaker 2>I made the next product, had five patents. I waited

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<v Speaker 2>for them, and then I brought them out. The vertices

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<v Speaker 2>that look like telephone wire, the women news. I am

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<v Speaker 2>the imp. And then the next thing I know is

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<v Speaker 2>big corporations on dollar corporations are suing me to validate

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<v Speaker 2>the patterns because they and they sell millions of dollars

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<v Speaker 2>and they don't want to pay me. And and I said,

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<v Speaker 2>the system is rigged. The system is rigged. I learned

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<v Speaker 2>through this a book called The The Art of War

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<v Speaker 2>by Sun Sue. It's a it's a mass read if

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<v Speaker 2>you're in politics or you are in business. And and

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<v Speaker 2>I came to the conclusion that I was a whole

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<v Speaker 2>bunch of bleep bleep right. I don't know if you

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<v Speaker 2>can say, but there right, and and so for a

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<v Speaker 2>couple of for a couple for a few months, I

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<v Speaker 2>was really not in a good place, and I decided

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<v Speaker 2>to make a product that was uncopyable, that I could

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<v Speaker 2>build an organization of business where not only would I

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<v Speaker 2>sell to just the first time to a customer, but

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<v Speaker 2>it could have repeat business, because that's the major issue.

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<v Speaker 2>And I came to the conclusion that I pee property,

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<v Speaker 2>things that have to do with our or have to

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<v Speaker 2>do with creators, has a better protection than patterns, for example,

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<v Speaker 2>that you have to defend claims and stuff like that.

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<v Speaker 2>So and so I created. I created animos, which are

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<v Speaker 2>different characters with which Disney, with all his protections and stuff,

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<v Speaker 2>have created a very strong legal network. And then I

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<v Speaker 2>went into blockchain. I knew nothing about blockchain. You have

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<v Speaker 2>to understand the reason I know so much about blockchain

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<v Speaker 2>is because when I went into blockchain, I said, I

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<v Speaker 2>don't I don't get it. You're talking to me like

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<v Speaker 2>you like everybody should know about this, but I don't

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<v Speaker 2>get it. So that's that's how I started. Right, and

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<v Speaker 2>I went to a point that I created animos, and

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<v Speaker 2>I created all kinds of security is labeling in order

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<v Speaker 2>to marry collectibles right with the blockchain, to make them unmutable,

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<v Speaker 2>to make them uncopyable, and to allow anybody that's an artist, organizations, brands,

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<v Speaker 2>enterprises to be able to be able to to marry

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<v Speaker 2>their products to something that will make it uncounterfeitable. Right. Well,

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<v Speaker 2>first I did the animos, like I was saying, we

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<v Speaker 2>call it a house of animos, and then I said,

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<v Speaker 2>you know what, they're gonna copy this for me, So

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<v Speaker 2>I'm going to make it possible for other people to

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<v Speaker 2>be able to do what I'm doing. Right, But that's

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<v Speaker 2>where the idea of composite came. And it comes from.

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<v Speaker 2>The idea is that it's it marries the digital with

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<v Speaker 2>the physical, right, that's why it's a composite. It's a

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<v Speaker 2>composite object really, and we put a key because you

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<v Speaker 2>need to have something unique, right, right, And so that's

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<v Speaker 2>how the idea came to be. I have a brother

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<v Speaker 2>as a genius mathematician and knows about algorithms and mass,

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<v Speaker 2>high mass and stuff like that. And it took about

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<v Speaker 2>two years to develop. The idea was clear, but you

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<v Speaker 2>have to develop the path that will allow a deployment

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<v Speaker 2>worldwide and allow for a very solid project. And that's

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<v Speaker 2>what happened. About a month ago. We finished the paper.

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<v Speaker 2>It's completely readable by layming people except the math, of course,

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<v Speaker 2>and and the idea of blockchain. The idea of a

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<v Speaker 2>composite was that any organization or any person that is

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<v Speaker 2>an artist or even creators can go there, have their

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<v Speaker 2>own node and have a network within a public network.

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<v Speaker 2>Right now, you told me that you want an explanation

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<v Speaker 2>about what blockchain is, and I'm going to give you

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<v Speaker 2>a few definitions so that you you can post, you

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<v Speaker 2>can say, I hear all about it, the buzzwords, crypto, blockchain,

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<v Speaker 2>you know, ethereum binance, what what? What do I care? Right? What?

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<v Speaker 3>You do?

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<v Speaker 2>Need to care? Because this is the revolution. This is

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<v Speaker 2>going to change the world. Okay, So let's start with

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<v Speaker 2>the basic principle of why is it called blockchain? Right?

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<v Speaker 2>Really sick. It means there's a chain of blocks, and

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<v Speaker 2>by blocks, it means a whole bunch of transactions together

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<v Speaker 2>in a block that it says, okay, this is the block.

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<v Speaker 2>That's how many transactions we have. And now we're gonna

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<v Speaker 2>we're gonna make it into part of the chain. And

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<v Speaker 2>what happens is these let's say network, let's call it

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<v Speaker 2>a network, right, decides what the It brings out a

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<v Speaker 2>block that is the final the final number of transactions

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<v Speaker 2>and decides to put it on a chain, and they

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<v Speaker 2>add cryptography at the end of both sides of the

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<v Speaker 2>block so that that amount that information cannot be changed.

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<v Speaker 2>That's what it means. It's a block of productions, okay,

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<v Speaker 2>and it's on a chain. Second word is crypto. Right,

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<v Speaker 2>They use crypto like is money, but really this right,

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<v Speaker 2>it represents so in this let's say network, let's call

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<v Speaker 2>it networks. Ethereum and Bigcoin are the most famous ones.

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<v Speaker 2>We have ripple, we have all kinds of networks. But

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<v Speaker 2>let's just make it simple. Crypto stands as shortening for cryptography, right. Cryptography.

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<v Speaker 2>The idea of cryptography is to to put in codes

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<v Speaker 2>and letters and stuff that has a special key that

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<v Speaker 2>if I send a message like it cannot be deciphered

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<v Speaker 2>by anybody when it's transmitter transmitted, and the and the

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<v Speaker 2>person that receives it can have like a key and

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<v Speaker 2>they can they can decipher the message. It was using

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<v Speaker 2>World War two, you know, between the Allies and the

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<v Speaker 2>Russians and the Russians, Yeah, the Russians and also the Nazis. Right, incredible,

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<v Speaker 2>incredible technology.

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<v Speaker 3>There's been a machine that everybody is you know that

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<v Speaker 3>you see.

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<v Speaker 2>In the movies, and there's a there's a key of

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<v Speaker 2>two hundred and fifty six, a characteristic that is used

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<v Speaker 2>by by Visa and MasterCard and things like that that

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<v Speaker 2>they do it for encryption, but it's also used in

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<v Speaker 2>blockchain where they put it at the end of the block.

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<v Speaker 2>And what that what that happens? How? How is that is?

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<v Speaker 2>Because now that block that is created that is entreped

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<v Speaker 2>between encryption or and together with another block, now it

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<v Speaker 2>cannot be changed. And this is what makes blockchain different. Okay.

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<v Speaker 2>Now there's another term called decentralization. This is a decentralized network.

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<v Speaker 2>What does that mean? Okay, when you have any organization,

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<v Speaker 2>let's say you have Coca Cola, you have the government,

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<v Speaker 2>or you have even your own organization. Right, everybody has

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<v Speaker 2>a central server, right, and from that central server all

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<v Speaker 2>the information flows in and out. Right, it goes in

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<v Speaker 2>and out, and that gives one organization the power of

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<v Speaker 2>changing things or controlling information. Right. And what happens when

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<v Speaker 2>when bitcoin came to be about sixteen years ago, they

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<v Speaker 2>create they created sort of like a program. Let's make

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<v Speaker 2>it simple. They created a program that will allow for

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<v Speaker 2>a network without a central server. Let me explain. They

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<v Speaker 2>made a program that will allow for different computers to

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<v Speaker 2>connect and work together in a process without a centralized

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<v Speaker 2>a control. Let's put it away. And what happened with

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<v Speaker 2>all that blockchain is so this decentralized network is is

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<v Speaker 2>a ledger, as you heard it. It's just something that

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<v Speaker 2>writes information. David owes, No, I'm one hundred dollars, right,

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<v Speaker 2>No one owes his kids twenty dollars, and everybody can

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<v Speaker 2>see it. So if for example, I say I had

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<v Speaker 2>one hundred dollars and I paid one hundred dollars, I

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<v Speaker 2>cannot do the transaction twice. I cannot say I paid

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<v Speaker 2>David one hundred dollars and now I'm going to pay,

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<v Speaker 2>you know, pay Trump. Let's say Trump, I pay one

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<v Speaker 2>hundred dollars. It cannot, you know, because because they will

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<v Speaker 2>verify on the blocks of information that that transaction already happened.

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<v Speaker 2>Everybody can see it, and by consensus of the whole

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<v Speaker 2>when they look at that transaction. They say no, that

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<v Speaker 2>this cannot happen because the information is incorrect or because

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<v Speaker 2>it shows there now.

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<v Speaker 1>And let me jump in here, because we talked about

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<v Speaker 1>cryptography and encryption and things like that, and that has

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<v Speaker 1>been a longstanding definition of the word, and we think

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<v Speaker 1>about things like the Enigma machine that was being used

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<v Speaker 1>by espionage and intelligence agencies to hide information. I think

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<v Speaker 1>that's part of where the confusion comes in. When people

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<v Speaker 1>think that the blockchain is private, they hear the crypto

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<v Speaker 1>stuff and they don't realize that people can still read it.

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<v Speaker 1>They can't change it, but everybody can read it, which

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<v Speaker 1>is what you're just pointing out there. I think that's

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<v Speaker 1>a point of confusion for a lot of people.

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<v Speaker 2>Well, okay, so let me just explain just a little

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<v Speaker 2>bit more so what happens. There's all these nodes that

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<v Speaker 2>have a ledger. They all have the same final ledger,

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<v Speaker 2>which is in a blockchain, the final one, right, the

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<v Speaker 2>ones that everybody approves, and so it made it transparent.

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<v Speaker 2>Everybody could look at the transaction. And by making a

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<v Speaker 2>transparent and immutable meaning that it couldn't be changed, now

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<v Speaker 2>you could build trust between parties that might not have

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<v Speaker 2>trust between each other because the information could not be changed.

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<v Speaker 2>Does that make sense? Example, when you have a bank, right,

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<v Speaker 2>something could happen that maybe they don't have enough money

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<v Speaker 2>in their ledger or whatever, but they don't tell anybody.

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<v Speaker 2>The people that are going in and out, you know,

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<v Speaker 2>doing transactions, they don't know that that bank might not

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<v Speaker 2>be solvent for like, you know, two or three years

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<v Speaker 2>because it's centralized. So this allowed The idea was to

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<v Speaker 2>the idea was to stop the manipulation explanation in bitcoin.

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<v Speaker 2>The idea or the original idea of bitcoin was to

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<v Speaker 2>transfer to transfer value. If I lived in Florida and

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<v Speaker 2>I want to send to a friend in Japan money today,

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<v Speaker 2>I have to go to my bank and I have

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<v Speaker 2>to do a wire changement forty five dollars. He goes

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<v Speaker 2>to my bank, he goes to a to a transitional bank,

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<v Speaker 2>he goes to international bank, then he goes to the

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<v Speaker 2>Chinese I'm sorry, to the Japanese a main bank, then

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<v Speaker 2>to his bank. Three days later, is on his account.

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<v Speaker 2>He still cannot get it because he has to prove

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<v Speaker 2>he's him. He has to show his cards, he has

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<v Speaker 2>social security, maybe even his black type these days. And

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<v Speaker 2>then and then they charge him another forty five dollars

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<v Speaker 2>and it takes another three days just to get it.

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<v Speaker 2>So six days to transfer one hundred dollars, they are

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<v Speaker 2>charging forty five to me, forty five to him. He

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<v Speaker 2>only gets ten dollars. It will still be that ninety

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<v Speaker 2>dollars if you transfer more money. But I'm just giving

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<v Speaker 2>you an example. So the idea of of bitcoin was

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<v Speaker 2>that I have within the network, I have a wallet,

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<v Speaker 2>and I sent him a piece of a bitcoin or

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<v Speaker 2>a big cooin at the time. He gets set within

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<v Speaker 2>a few minutes, and that's said. There's no there's no intermediates,

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<v Speaker 2>there's no government agencies there, there's no bureaucracy. It's done.

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<v Speaker 2>It's simple. And he cuts the middleman and he cuts

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<v Speaker 2>all those fees and he cuts the control. And that

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<v Speaker 2>was the idea when it started, right, and it was

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<v Speaker 2>worth very little. He had games so people can collect

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<v Speaker 2>the bitcoin, right, And then what happened is is the

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<v Speaker 2>manipulators of the stock got involved and start manipulating it

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<v Speaker 2>and start you know, doing you know, like stocks and bonds,

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<v Speaker 2>and it start going up and fluctuating, and it went

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<v Speaker 2>from ten cents to ten to one hundred to one thousand,

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<v Speaker 2>and it has different cycles. And then people instead of

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<v Speaker 2>using it, they started holding onto it. Oh this is

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<v Speaker 2>worth something, so I sho you keep it. So the

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<v Speaker 2>purpose what dicon was designed for stopped being the purpose,

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<v Speaker 2>and now it was just gather, you know, mine create

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<v Speaker 2>These coins, which really are tokens. By the way, Bitcoin,

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<v Speaker 2>ethereum and all the other things are called tokens, are

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<v Speaker 2>exactly that you go to a casino, they give you

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<v Speaker 2>a casino token that says this is one hundred dollars.

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<v Speaker 2>Is the exact same principle. It only supposedly works only

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<v Speaker 2>on that network. Right. The exchanges is what allows you

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<v Speaker 2>to change one for the other. So so the purpose

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<v Speaker 2>that bigcoin it was there to transfer transfer value went

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<v Speaker 2>away and it became value itself. And then the organizations

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<v Speaker 2>and the financial institutions that were supposed to subvert or

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<v Speaker 2>go around started getting into it. Because everybody's into it,

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<v Speaker 2>and now no longer is decentralized, and it's it has

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<v Speaker 2>different centralization points like an exchange. You go now to

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<v Speaker 2>coinbase and you buy it, you put money, you know

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<v Speaker 2>they call it fiat money, regular money, and then have

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<v Speaker 2>to wait six days until you get it you can

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<v Speaker 2>attach it, they do CMYK which they want to know

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<v Speaker 2>all your information. So so at this point, what it

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<v Speaker 2>was created, the purpose of the decentralization, the purpose of blockchain,

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<v Speaker 2>and what become was created has been subverted. Right.

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<v Speaker 1>It's an excellent explanation and I think it's basically I

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<v Speaker 1>haven't read the book yet, but I think it's what

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<v Speaker 1>Roger Veraer was talking about when we talked about hijacking

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<v Speaker 1>or bitcoin, that it was set up as you know,

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<v Speaker 1>transactional thing and as ben hijacked as an asset, and

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<v Speaker 1>you know, as you point out, the big institutions have

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<v Speaker 1>essentially hijacked it and subverted its purpose. And it's an

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<v Speaker 1>excellent explanation of that.

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<v Speaker 2>Yes, the three largest owners of bitcoin, I believe it's

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<v Speaker 2>a Chinese government, the American government, Blackrock.

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<v Speaker 1>Black right, Yeah, so they governed everything, the world government.

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<v Speaker 2>Yes, yes, yes, if you are a public organization. And

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<v Speaker 2>Germany was really stupid selling all the bigcoin they had.

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<v Speaker 2>But so that explains what blockchain is and now. But

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<v Speaker 2>blockchain is sort of like a tool that is a

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<v Speaker 2>multi purpose and crypto and the use for financial is

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<v Speaker 2>just as little sliver of what it can produce the

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<v Speaker 2>idea is to create a decentralized work. Okay, so bigcoin,

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<v Speaker 2>so let's go back. So bigcoin. The purpose of bigcoin

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<v Speaker 2>was to transfer value. Then second network, the aim to

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<v Speaker 2>life was ethereum. Right. There was a guy called Italic

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<v Speaker 2>and he was obsessed with bitcoin. He loved bitcoin. Here

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<v Speaker 2>a magazine about bitcoin. He went to all the things

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<v Speaker 2>when he started, and then he said, why don't we

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<v Speaker 2>use the same network to not just transfer value, but

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<v Speaker 2>transfer work like a contract, like if you do certain things,

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<v Speaker 2>then then because it's so open and it works so well,

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<v Speaker 2>you can get paid or a contract gets done. And

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<v Speaker 2>that's how the contract system started to work. And he

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<v Speaker 2>wrote something he presented and some people invested. It was

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<v Speaker 2>only about fifteen million dollars that he got in he

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<v Speaker 2>I think it was an io. He didn't even give

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<v Speaker 2>any tokens at the time. Its just a promise of

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<v Speaker 2>the token. Right, And they started working on this, and

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<v Speaker 2>that is the second largest network that exists. That is

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<v Speaker 2>that is that is huge. Which it wasn't just for value,

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<v Speaker 2>but it was for transfer of work like if and

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<v Speaker 2>it could be for example in transportation, if I received

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<v Speaker 2>the goods of this, then I payment should happen, right,

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<v Speaker 2>and and the and the theorem network started working. You know,

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<v Speaker 2>it was more all the new people, all the what

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<v Speaker 2>they call us gigs gigs right in the movies and stuff.

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<v Speaker 2>They were all excited and nobody else was right. And

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<v Speaker 2>then what happened is is there was a big like

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<v Speaker 2>a clog on the system when Crypto Kittys came out

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<v Speaker 2>it's in Canada. There was there was this the calling

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<v Speaker 2>fts where you see when you see different character is

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00:17:43.519 --> 00:17:46.119
<v Speaker 2>little little kid is we're not going to go onto

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00:17:46.200 --> 00:17:51.000
<v Speaker 2>that because that's a little long explanation. But this organization

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<v Speaker 2>so many people wanted it that when they they needed

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<v Speaker 2>to transact on the ethereal network, where the contract was okay,

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<v Speaker 2>I give you this image and this number and you

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<v Speaker 2>give me ethereum, right, so many transactions needed to happen

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00:18:07.160 --> 00:18:09.480
<v Speaker 2>that it delayed a system for six minutes, and it

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00:18:09.519 --> 00:18:11.960
<v Speaker 2>cleated a glott on the market, and it made the

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<v Speaker 2>price of the transaction go up, right, which made them

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<v Speaker 2>realize that the network was not productive or stable when

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<v Speaker 2>these glots happened. Right. Eventually they started, you know, many

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<v Speaker 2>years later, they creating Ethereum two point zero, which now

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<v Speaker 2>they have sixty four sixty four different networks. Working is

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<v Speaker 2>still finite. But the problems of blockchain in general is

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<v Speaker 2>that they can only produce one block at a time,

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<v Speaker 2>no matter how many nodes you have and how much

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<v Speaker 2>work is happening, only one no, no one note I

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<v Speaker 2>mean one block, yes, one block at the end is

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<v Speaker 2>what they produce. They're all competing against each other, right,

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<v Speaker 2>and whoever gets that first gets paid, so all other

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<v Speaker 2>like for example, bitcoin has sixty five thousand notes about right,

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<v Speaker 2>all of them are competing to make a block. Only

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<v Speaker 2>one block at the time comes out, so only one

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<v Speaker 2>node wins and gets paid. All the other energy too,

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<v Speaker 2>and all the other work done by the other ones

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<v Speaker 2>is wasted. That's what they say. They weigh so much

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<v Speaker 2>electricity and energy because it's an arcane system created to

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<v Speaker 2>bypass the financial institutions that has grown, and it wasn't

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<v Speaker 2>designed for huge growth. It is not designed to take

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<v Speaker 2>the transactions of the world. And that's what I mean

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<v Speaker 2>by Web two. Web two is all the other regular

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<v Speaker 2>businesses that are in the internet, because everybody's on the

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<v Speaker 2>internet these days and they have an organization. But blockchain

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<v Speaker 2>cannot take those transactions or those contracts or usage because

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<v Speaker 2>the transactional process is too expensive. So the next thing happens,

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<v Speaker 2>and that's called layer one. It's layer one because it's

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<v Speaker 2>the basic blockchain. The companies come and they created a

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<v Speaker 2>layer two right where they use the basic network and

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<v Speaker 2>they sold issues that that network has. But in a

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<v Speaker 2>layer two a problem example. I'm not going to talk

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<v Speaker 2>about companies right because I'm not shilling other people. But

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<v Speaker 2>the point is that let's say that a transaction in

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<v Speaker 2>theoereum has gone to six hundred dollars for one transaction.

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<v Speaker 2>Let's just say that happens, and nobody wants to do

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<v Speaker 2>a contract for an exchange in something cost thirty dollars,

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<v Speaker 2>you know, ownership or whatever for a six hundred dollars price.

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<v Speaker 2>It's stupid. So it's counterintuitive. So what the second layer

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<v Speaker 2>does is they they say, okay, come and do what

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<v Speaker 2>transactions with us were called blah blah, right whatever, and

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<v Speaker 2>we'll take a thousand transactions, or we'll take two thousand

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<v Speaker 2>or five thousand, and then only then do we will

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<v Speaker 2>put that as a transaction on the blockchain. So you

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<v Speaker 2>divide six hundred by five thousand or whatever. So the

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<v Speaker 2>transactional cost costs smaller fraction fraction its fraction fractionalizing it. Right.

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<v Speaker 2>And but the real issue is that it has a

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<v Speaker 2>basic problem. The blockchains have a problem of app of scalability, security,

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<v Speaker 2>and price. Okay, it cannot be used by the regular folk.

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<v Speaker 2>And by not being able to use by the regular

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<v Speaker 2>folk enterprises, organizations, libraries, the d m vs, or whatever

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<v Speaker 2>the case may be, it defeats the purpose of using

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<v Speaker 2>decentralized computing to solve different issues. So here his composite

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<v Speaker 2>camp comes. Composite will allow in its first stage to

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<v Speaker 2>have three million notes. It's scalability and change of how

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<v Speaker 2>how we're going to change the paradigm. How it works

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<v Speaker 2>is each cycle will not just give you one block. Example,

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<v Speaker 2>you have bitcoin, they're all as saying the next bitcoin, right,

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<v Speaker 2>and sixty five different sixty five thousand different notes are

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<v Speaker 2>competing against each other. This is the most This is

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<v Speaker 2>the most inefficient computer in the world. It is the

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<v Speaker 2>paradigm of inefficiency. Right. And the second paradigm is that

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<v Speaker 2>whenever there's a glot for transactions, the price goes up

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<v Speaker 2>dramatically because the purpose of that is because supply and demand.

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<v Speaker 2>But really the purpose is to have people remove transactions

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<v Speaker 2>so they can actually do the transactions that they can

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<v Speaker 2>actually afford to do. Now, so we solve this in

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<v Speaker 2>two ways. Okay, Number one, when we have all our nodes,

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<v Speaker 2>we're going to have a node, which is going to

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<v Speaker 2>call a clerk note that will separate and do pre

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<v Speaker 2>we call it proto blogs that will give a transactions

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<v Speaker 2>to do to different groups we call courts within the blockchain.

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<v Speaker 2>So the blockchain, if he has let's say ten thousand

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<v Speaker 2>notes that are very fine notes, and we have let's

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<v Speaker 2>say one thousand transactions or the sort, we can separate

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<v Speaker 2>them into ten ten chords of a thousand notes, let's say,

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<v Speaker 2>for example, right, and each court will will actually verify

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<v Speaker 2>a block, so it will divide the work between and

388
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<v Speaker 2>everybody will be working and everybody will will actually get again,

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00:23:33.920 --> 00:23:36.599
<v Speaker 2>everybody has a note will actually get paid, and it

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<v Speaker 2>will divide the work intelligently. Now, they say, but that

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<v Speaker 2>can be attacked security wise, It's true. But we we

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<v Speaker 2>devise a node chaotic algorithm sequence that nobody will know

393
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<v Speaker 2>who is going to be a where they're going to

394
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<v Speaker 2>be a wine when they're going to be with mathematics

395
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<v Speaker 2>and algorithmstuff like that. But we change that. At that point,

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<v Speaker 2>we change the paradigm that all the work needs to

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<v Speaker 2>work on one piece of work, right, so everybody will

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00:24:04.039 --> 00:24:08.839
<v Speaker 2>be productive. So the result at the end, right will

399
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<v Speaker 2>be at one point you can have one block, the

400
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<v Speaker 2>next block and the change could be ten blocks, the

401
00:24:14.240 --> 00:24:16.759
<v Speaker 2>next one could be seventy five, it could be three.

402
00:24:17.319 --> 00:24:21.079
<v Speaker 2>So it will be dynamic. It will work horizontally and vertically,

403
00:24:21.279 --> 00:24:24.799
<v Speaker 2>and at that point you resolve the problem of the

404
00:24:24.839 --> 00:24:30.839
<v Speaker 2>block of the productivity. Now what will happen. What are

405
00:24:30.880 --> 00:24:32.839
<v Speaker 2>we going to do in our block when we have

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00:24:32.880 --> 00:24:35.559
<v Speaker 2>too many transactions and not enough notes. We're going to

407
00:24:35.640 --> 00:24:38.440
<v Speaker 2>do something that is counterintuitive. We're going to lower the

408
00:24:38.519 --> 00:24:43.279
<v Speaker 2>price of transactions, right, so the notes are going to

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00:24:43.359 --> 00:24:46.720
<v Speaker 2>get less money for transacting, and we're going to encourage

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00:24:46.720 --> 00:24:49.279
<v Speaker 2>them to put more notes. Because the notes that you

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<v Speaker 2>need for our network is any computer. Anybody with a

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00:24:52.200 --> 00:24:55.119
<v Speaker 2>computer can have a node. Because the idea is that

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<v Speaker 2>we want to add more processing power to the decentralized blockchain,

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<v Speaker 2>want them to be able to We want to make

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<v Speaker 2>the biggest, hugest computer in the world available for different people.

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<v Speaker 2>Fractionally doesn't make any sense. So so by by lowering

417
00:25:12.160 --> 00:25:16.960
<v Speaker 2>the price of transaction, it will increase the amount of it. Now,

418
00:25:16.960 --> 00:25:18.839
<v Speaker 2>if I have two notes and I'm making half the price,

419
00:25:18.960 --> 00:25:20.920
<v Speaker 2>I'm going to put two more. I'll put my other computer,

420
00:25:20.960 --> 00:25:23.480
<v Speaker 2>my wife's computer, my older and then what will happen.

421
00:25:23.559 --> 00:25:25.799
<v Speaker 2>It will my amount of money I'm making will be

422
00:25:25.880 --> 00:25:29.000
<v Speaker 2>the same. And what will happen is will increase the

423
00:25:29.000 --> 00:25:33.640
<v Speaker 2>amount of nodes and then and then by proportion it

424
00:25:33.680 --> 00:25:36.720
<v Speaker 2>will be you'll have much more capacity. And that that

425
00:25:36.839 --> 00:25:39.119
<v Speaker 2>is the moment. At that moment is when you need

426
00:25:39.160 --> 00:25:41.799
<v Speaker 2>to increase your capacity. So we do it, and and

427
00:25:41.920 --> 00:25:44.160
<v Speaker 2>more people are going to want to transact because it's cheaper.

428
00:25:44.599 --> 00:25:48.559
<v Speaker 2>And then when this increases there and there's and proportionally

429
00:25:48.559 --> 00:25:51.880
<v Speaker 2>there's there's less transactions than the notes available. The price

430
00:25:51.920 --> 00:25:55.160
<v Speaker 2>goes up again. So everybody that increased their notes now

431
00:25:55.559 --> 00:25:58.759
<v Speaker 2>are going to again. They're double, they double the notes,

432
00:25:58.839 --> 00:26:01.160
<v Speaker 2>and now it doubles a know, I don't know if

433
00:26:01.160 --> 00:26:03.240
<v Speaker 2>it's gonna double, but it will increase back to the

434
00:26:03.279 --> 00:26:06.319
<v Speaker 2>original price. And now we have made the network grow.

435
00:26:06.759 --> 00:26:09.720
<v Speaker 2>So those are the moments of pain that we decided

436
00:26:09.759 --> 00:26:12.799
<v Speaker 2>to change how things work in order to grow the network.

437
00:26:12.839 --> 00:26:15.440
<v Speaker 2>Because in order to grow to three million notes, you know,

438
00:26:15.559 --> 00:26:18.519
<v Speaker 2>it's it. You have to you have to do it somehow,

439
00:26:18.799 --> 00:26:21.119
<v Speaker 2>and that way we don't lose the customers saying, oh,

440
00:26:21.200 --> 00:26:24.559
<v Speaker 2>this is a crappy network. It takes twenty minutes and

441
00:26:24.599 --> 00:26:28.039
<v Speaker 2>it charges four hundred dollars. No, no, no, this is

442
00:26:28.119 --> 00:26:31.400
<v Speaker 2>fast and it's cheaper. And that's how we will grow

443
00:26:31.440 --> 00:26:33.640
<v Speaker 2>the network. And what will happen when you have three

444
00:26:33.640 --> 00:26:38.039
<v Speaker 2>million notes using the token, it will become the biggest

445
00:26:39.599 --> 00:26:44.079
<v Speaker 2>amount of people dealing with this token, So it will

446
00:26:44.119 --> 00:26:46.480
<v Speaker 2>be the most used token in the world. Will it

447
00:26:46.519 --> 00:26:49.759
<v Speaker 2>will basically eat all the other networks up and whoever

448
00:26:50.079 --> 00:26:54.240
<v Speaker 2>owns that token from the beginning will will be part

449
00:26:53.680 --> 00:26:58.279
<v Speaker 2>of and we call it that this centralized economy. And

450
00:26:58.359 --> 00:27:00.640
<v Speaker 2>ideally we want to make that token that it can

451
00:27:00.680 --> 00:27:03.839
<v Speaker 2>be used for anything. Right, we would like to have

452
00:27:04.200 --> 00:27:09.480
<v Speaker 2>notes that like louivipone wants to do a node in

453
00:27:09.519 --> 00:27:12.400
<v Speaker 2>the network, they will be able to have their network

454
00:27:12.440 --> 00:27:16.839
<v Speaker 2>that they control right within the public network, and they

455
00:27:16.880 --> 00:27:19.160
<v Speaker 2>will be more transparent, but they will also be able

456
00:27:19.200 --> 00:27:21.839
<v Speaker 2>to protect their products better. I give you an example, okay,

457
00:27:21.880 --> 00:27:25.680
<v Speaker 2>really simple example. I created these characters care Unimus. Right,

458
00:27:25.720 --> 00:27:29.079
<v Speaker 2>that's how the principles started. Then I go and I

459
00:27:29.200 --> 00:27:32.960
<v Speaker 2>make I make like a pin or a charm. This

460
00:27:33.079 --> 00:27:34.640
<v Speaker 2>is just for kids. I made it for kids. Right,

461
00:27:34.640 --> 00:27:37.079
<v Speaker 2>this is this is like a little right, and I

462
00:27:37.119 --> 00:27:39.839
<v Speaker 2>put it in a package. I put it in a package.

463
00:27:40.359 --> 00:27:44.400
<v Speaker 2>And then and then I put a label. We call

464
00:27:44.440 --> 00:27:46.480
<v Speaker 2>it a k link, not a label. But this is

465
00:27:46.519 --> 00:27:49.000
<v Speaker 2>going to be stuck to it. It's going to be metallic. Right.

466
00:27:49.359 --> 00:27:53.079
<v Speaker 2>It's security. I studied how money is made just to

467
00:27:53.680 --> 00:27:58.319
<v Speaker 2>to do animals. Right. You have average security. You have

468
00:27:58.400 --> 00:28:02.440
<v Speaker 2>to use like infra infra in from Uili. You have

469
00:28:02.880 --> 00:28:07.599
<v Speaker 2>hologram security. There's a thing called intag leo. Right, will

470
00:28:07.640 --> 00:28:10.200
<v Speaker 2>have what they use in one hundred dollars bill where

471
00:28:10.880 --> 00:28:16.480
<v Speaker 2>this changes color. Right, it's only done with security. And

472
00:28:16.480 --> 00:28:20.400
<v Speaker 2>and and then when it goes through the process, it

473
00:28:20.440 --> 00:28:22.319
<v Speaker 2>will print a cure code. Can you see that there?

474
00:28:22.400 --> 00:28:25.640
<v Speaker 2>Can you see that? You're okay? Now, when we make this,

475
00:28:26.119 --> 00:28:31.160
<v Speaker 2>that is when this this will become married to the blockchain.

476
00:28:31.200 --> 00:28:33.400
<v Speaker 2>Let's say this is in a package. Right, somebody has

477
00:28:33.440 --> 00:28:37.519
<v Speaker 2>it because that has we call it n FT today. Right,

478
00:28:37.759 --> 00:28:39.880
<v Speaker 2>but it will be married to this and this will

479
00:28:39.920 --> 00:28:43.599
<v Speaker 2>be unique and it will be under ownership in the blockchain. Right,

480
00:28:43.680 --> 00:28:47.039
<v Speaker 2>because everybody will know we make it born. If we

481
00:28:47.119 --> 00:28:49.039
<v Speaker 2>do the transaction, it shows on the block and it

482
00:28:49.079 --> 00:28:51.720
<v Speaker 2>says it belongs to the House of Animals. Now, when

483
00:28:51.720 --> 00:28:53.839
<v Speaker 2>a customer buys it and they buy let's say five

484
00:28:53.839 --> 00:28:56.720
<v Speaker 2>of them, right, and they buy it and they get it.

485
00:28:56.960 --> 00:28:58.920
<v Speaker 2>When they go in their app and they go CLICKI,

486
00:28:59.160 --> 00:29:03.519
<v Speaker 2>you know, click clickie, they transfer ownership to them. Now

487
00:29:03.880 --> 00:29:07.920
<v Speaker 2>by doing that, it changes completely the paradlegm of of

488
00:29:07.920 --> 00:29:11.960
<v Speaker 2>of ownership because now you own it as a physical object,

489
00:29:11.960 --> 00:29:14.640
<v Speaker 2>and you own it as in the blockchain of digital

490
00:29:15.200 --> 00:29:18.480
<v Speaker 2>let's call it a title and also digital form. Right,

491
00:29:19.000 --> 00:29:22.240
<v Speaker 2>and and now I can prove that it's mine. I

492
00:29:22.279 --> 00:29:25.640
<v Speaker 2>can show the provenance. If I sell it to someone else, right,

493
00:29:25.920 --> 00:29:29.079
<v Speaker 2>it goes to the parent company because they verify it.

494
00:29:29.559 --> 00:29:32.480
<v Speaker 2>And what happens now is when somebody has a bag

495
00:29:32.640 --> 00:29:35.480
<v Speaker 2>or a hat or something and somebody wants to own it,

496
00:29:35.519 --> 00:29:38.079
<v Speaker 2>they just have to go on there on on the

497
00:29:38.279 --> 00:29:42.759
<v Speaker 2>enterprise company like app and they click on it. They

498
00:29:42.799 --> 00:29:46.279
<v Speaker 2>can prove that they are the owner and counterfeit. At

499
00:29:46.319 --> 00:29:51.039
<v Speaker 2>that moment, because the buyer becomes the inspector, it becomes absolete.

500
00:29:51.720 --> 00:29:52.359
<v Speaker 3>Does that make sense?

501
00:29:52.440 --> 00:29:55.400
<v Speaker 1>Yeah, that is that's interesting kind of when's the physical

502
00:29:55.400 --> 00:29:57.960
<v Speaker 1>world to NFTs or something in a sense.

503
00:29:57.880 --> 00:30:00.160
<v Speaker 2>Right exactly, we were creating this before and if this

504
00:30:00.319 --> 00:30:04.319
<v Speaker 2>came to be, but then that was the brilliant solution.

505
00:30:04.759 --> 00:30:08.559
<v Speaker 2>So what happens now companies will come into composit will

506
00:30:08.599 --> 00:30:11.119
<v Speaker 2>be able to create all of their products, whether it's

507
00:30:11.119 --> 00:30:14.000
<v Speaker 2>for distribution, to show how it goes from the factory

508
00:30:14.279 --> 00:30:17.960
<v Speaker 2>to the right distributor, or how it goes from from farm.

509
00:30:18.079 --> 00:30:20.640
<v Speaker 2>You know, people that are organic, they want to see

510
00:30:20.759 --> 00:30:23.680
<v Speaker 2>which farming comes from to your table, whether you have

511
00:30:23.759 --> 00:30:27.079
<v Speaker 2>a phone and all the parts have a link to

512
00:30:27.240 --> 00:30:29.200
<v Speaker 2>that and you and then and then you say, can

513
00:30:29.279 --> 00:30:31.880
<v Speaker 2>see how all of the spot how much they cost.

514
00:30:32.079 --> 00:30:34.119
<v Speaker 2>So when somebody over one hundred dollars, they say, hey,

515
00:30:34.319 --> 00:30:36.519
<v Speaker 2>I have here three hundred dollars worth of parts, it

516
00:30:36.559 --> 00:30:40.799
<v Speaker 2>can be that precise. And each in each enterprise that

517
00:30:40.839 --> 00:30:42.599
<v Speaker 2>wants to be part of the blockchain will be able

518
00:30:42.640 --> 00:30:45.599
<v Speaker 2>to control all of the items and products or whatever

519
00:30:45.640 --> 00:30:49.480
<v Speaker 2>services they are and they will be using the public

520
00:30:50.039 --> 00:30:53.799
<v Speaker 2>blockchain the process that you understand, because that's really what

521
00:30:53.880 --> 00:30:57.640
<v Speaker 2>it is. And everybody gets paid in tokens back and forth,

522
00:30:57.680 --> 00:31:00.559
<v Speaker 2>back and forth. So what will happen will become the

523
00:31:00.640 --> 00:31:05.359
<v Speaker 2>biggest transactional blockchain in the world. It will change, It

524
00:31:05.400 --> 00:31:07.880
<v Speaker 2>will change the world as we know it because it

525
00:31:07.960 --> 00:31:12.960
<v Speaker 2>is the next step of the Internet. Where you get counterfeited,

526
00:31:13.000 --> 00:31:17.119
<v Speaker 2>you get you get a scam, you get all kinds

527
00:31:17.119 --> 00:31:17.680
<v Speaker 2>of things.

528
00:31:18.039 --> 00:31:21.920
<v Speaker 1>And of course the counterfeiting and stealing intellectual property that's

529
00:31:21.920 --> 00:31:24.279
<v Speaker 1>always been a big part of the China price. And

530
00:31:24.680 --> 00:31:26.880
<v Speaker 1>you know, you have situations where people will set up

531
00:31:26.920 --> 00:31:32.079
<v Speaker 1>a factory there, uh and they will uh, they will counterfeit.

532
00:31:32.160 --> 00:31:33.359
<v Speaker 3>Let's say a brake pad.

533
00:31:33.599 --> 00:31:35.839
<v Speaker 1>That was one that was a pretty famous example I saw,

534
00:31:36.279 --> 00:31:39.039
<v Speaker 1>and they they replicated everything about it. I mean, you

535
00:31:39.119 --> 00:31:43.200
<v Speaker 1>could not even the people that the original owners of

536
00:31:43.400 --> 00:31:45.319
<v Speaker 1>and the people who designed this thing. They can look

537
00:31:45.319 --> 00:31:49.039
<v Speaker 1>at the package and it's a knockoff that is absolutely perfect,

538
00:31:49.079 --> 00:31:51.559
<v Speaker 1>except for the fact that the brake pad is like

539
00:31:51.640 --> 00:31:54.000
<v Speaker 1>making out of paper instead of other So when what

540
00:31:54.119 --> 00:31:56.079
<v Speaker 1>happens and somebody puts it in, they think they're getting

541
00:31:56.119 --> 00:32:00.279
<v Speaker 1>an original part and they get some cheap imitation and

542
00:32:00.319 --> 00:32:03.839
<v Speaker 1>somebody has an accident because the brake part is not

543
00:32:03.960 --> 00:32:06.519
<v Speaker 1>a real break and it's effective, then the other company

544
00:32:06.559 --> 00:32:07.480
<v Speaker 1>would even get sued.

545
00:32:07.599 --> 00:32:09.240
<v Speaker 3>You know, So I can say.

546
00:32:09.519 --> 00:32:12.599
<v Speaker 1>Do something like that in order to verify that their

547
00:32:12.599 --> 00:32:15.799
<v Speaker 1>stuff was genuine because counterfeiting has become so sophisticated.

548
00:32:16.319 --> 00:32:19.440
<v Speaker 2>It's that happened to me, That happened to me. I

549
00:32:19.480 --> 00:32:22.519
<v Speaker 2>told you at the beginning of our podcast. I'm an inventor,

550
00:32:23.440 --> 00:32:27.279
<v Speaker 2>I'm a producer. I've made dozens of products that have

551
00:32:27.400 --> 00:32:31.839
<v Speaker 2>been on stores. A company, even your own factories, will

552
00:32:31.839 --> 00:32:35.559
<v Speaker 2>take your product, your label and sell it bootlegged from

553
00:32:35.599 --> 00:32:38.400
<v Speaker 2>the back, or they will take your formulas and they

554
00:32:38.440 --> 00:32:41.240
<v Speaker 2>will put another label and sell it to your competitor.

555
00:32:41.640 --> 00:32:46.480
<v Speaker 2>They have no scruples. And for them, it's for them,

556
00:32:46.920 --> 00:32:50.319
<v Speaker 2>it's stupid not to do it. Why not, it's business.

557
00:32:50.319 --> 00:32:52.759
<v Speaker 2>But when it happens to them, then they don't like it.

558
00:32:52.920 --> 00:32:55.480
<v Speaker 2>As a matter of fact, I believe there's a law

559
00:32:55.799 --> 00:33:01.559
<v Speaker 2>in China that if they are they forced citizens to

560
00:33:01.839 --> 00:33:08.319
<v Speaker 2>steal intellectual property. Wow, that's how China advances technologically because

561
00:33:08.359 --> 00:33:13.839
<v Speaker 2>of intellectual property stolen an industry. It's called it's called

562
00:33:14.000 --> 00:33:15.160
<v Speaker 2>the company espionage.

563
00:33:15.480 --> 00:33:17.920
<v Speaker 1>And so it's a pocracy. It's not a communist country.

564
00:33:17.920 --> 00:33:18.960
<v Speaker 1>It's just a cleptocracy.

565
00:33:20.319 --> 00:33:22.839
<v Speaker 2>Well, you know, they might not ever sell to me

566
00:33:22.880 --> 00:33:26.240
<v Speaker 2>again telling you this thing, right, but but but that

567
00:33:26.400 --> 00:33:29.960
<v Speaker 2>is the problem. We use China as them as as

568
00:33:30.039 --> 00:33:33.000
<v Speaker 2>the capital or the country to do production, because truly

569
00:33:33.079 --> 00:33:36.839
<v Speaker 2>it is much cheaper. Right. And when when they wanted

570
00:33:36.880 --> 00:33:39.599
<v Speaker 2>to make one world ideas that they wanted to make

571
00:33:39.599 --> 00:33:42.160
<v Speaker 2>one world government, right, and let's not get started on

572
00:33:42.200 --> 00:33:46.759
<v Speaker 2>that complete other podcasts, they wanted to have no barriers.

573
00:33:46.799 --> 00:33:50.960
<v Speaker 2>So they they they they want you to produce this

574
00:33:51.240 --> 00:33:54.920
<v Speaker 2>in China, sell it in America, have great amount of profitability.

575
00:33:55.319 --> 00:33:59.359
<v Speaker 2>And they started taking industry and companies out of America

576
00:33:59.440 --> 00:34:04.440
<v Speaker 2>because and and nobody cares sort of, right, why do

577
00:34:04.480 --> 00:34:07.000
<v Speaker 2>we want to deal with America There the workers are

578
00:34:07.400 --> 00:34:09.639
<v Speaker 2>a piece of crab. Let's just send it to China

579
00:34:09.679 --> 00:34:11.880
<v Speaker 2>and we sell it to them, right, And that's what's

580
00:34:12.039 --> 00:34:16.719
<v Speaker 2>been happening for decades. But it is affecting the big companies,

581
00:34:16.760 --> 00:34:18.119
<v Speaker 2>is affecting the little companies.

582
00:34:19.400 --> 00:34:19.960
<v Speaker 3>Do you know?

583
00:34:20.239 --> 00:34:23.639
<v Speaker 2>The counterfeiting is about one point eight trillion dollars a

584
00:34:23.719 --> 00:34:28.920
<v Speaker 2>year and it affects everybody because it makes prices higher.

585
00:34:29.159 --> 00:34:31.639
<v Speaker 2>And people like you say, they buy a prede card.

586
00:34:31.639 --> 00:34:35.519
<v Speaker 2>That is bad. But what about when when when when

587
00:34:36.119 --> 00:34:39.159
<v Speaker 2>some of the products inside here could be counterfeited? What

588
00:34:39.239 --> 00:34:44.159
<v Speaker 2>about if you have works of art or or or

589
00:34:44.440 --> 00:34:48.199
<v Speaker 2>well intellectual property is not a problem. It's everywhere from

590
00:34:48.480 --> 00:34:53.760
<v Speaker 2>from health, from pharmaceuticals all the way down to ninety

591
00:34:53.840 --> 00:34:57.920
<v Speaker 2>nine cent dollar products. Right, you will bring a product

592
00:34:57.960 --> 00:35:01.519
<v Speaker 2>to them to manufacture. Next thing, you know, they have

593
00:35:02.079 --> 00:35:06.920
<v Speaker 2>your sample in a trade show in Germany that you

594
00:35:07.039 --> 00:35:08.800
<v Speaker 2>can do this, right, that's.

595
00:35:08.679 --> 00:35:10.679
<v Speaker 1>Right, And it's all going to get worse because it's

596
00:35:10.679 --> 00:35:14.119
<v Speaker 1>not just you know that, it's not just the counterfeiting

597
00:35:14.159 --> 00:35:16.719
<v Speaker 1>and everything and the currency manipulation. But of course they're

598
00:35:16.760 --> 00:35:21.119
<v Speaker 1>being given a huge advantage in terms of energy costs,

599
00:35:21.159 --> 00:35:24.079
<v Speaker 1>and so all manufacturing is going to continue to go

600
00:35:24.119 --> 00:35:26.440
<v Speaker 1>to China unless they address some of these fundamental things.

601
00:35:26.440 --> 00:35:29.280
<v Speaker 1>And there's nobody even talking about addressing those fun thanks. Well,

602
00:35:29.360 --> 00:35:31.000
<v Speaker 1>so it's going to be an issue of you know,

603
00:35:31.280 --> 00:35:32.920
<v Speaker 1>manufacturing is going to happen in China. You got to

604
00:35:32.920 --> 00:35:36.280
<v Speaker 1>find a way to push back against that counterfeiting.

605
00:35:36.639 --> 00:35:42.880
<v Speaker 2>I've been in China almost forty five times throughout my career, Okay,

606
00:35:42.960 --> 00:35:44.719
<v Speaker 2>I used to go do it twice or three times

607
00:35:44.719 --> 00:35:48.559
<v Speaker 2>a year, and I was marveled by how something came

608
00:35:48.719 --> 00:35:52.480
<v Speaker 2>and then he got adopted nationwide, like like he was

609
00:35:52.559 --> 00:35:55.559
<v Speaker 2>there for hundreds of years. Right. So, but one of

610
00:35:55.599 --> 00:35:58.000
<v Speaker 2>the things that I noticed that China government died, which

611
00:35:58.039 --> 00:36:01.960
<v Speaker 2>I thought was good for them us. Right, was that

612
00:36:02.119 --> 00:36:04.440
<v Speaker 2>when they found an industry that they wanted to make

613
00:36:04.440 --> 00:36:06.599
<v Speaker 2>sure you did well and somebody could do it, they

614
00:36:06.639 --> 00:36:09.079
<v Speaker 2>will give them the money and they will give them

615
00:36:09.119 --> 00:36:13.840
<v Speaker 2>the research. Wink, wink. You understand what I'm saying, right.

616
00:36:13.679 --> 00:36:17.960
<v Speaker 3>Right, here's the plans. Here's exactly to do this.

617
00:36:18.280 --> 00:36:21.159
<v Speaker 2>Now, I'll give you a perfect example that I know happens.

618
00:36:21.320 --> 00:36:24.119
<v Speaker 2>Do you know that cleaning pad that is called the

619
00:36:24.159 --> 00:36:28.159
<v Speaker 2>magic eraser? Yeah, thing, okay, it's made of melea mind.

620
00:36:28.199 --> 00:36:30.840
<v Speaker 2>It originally came from Germany. And the reason is like

621
00:36:30.880 --> 00:36:34.199
<v Speaker 2>that is because it was used as a fire retardant

622
00:36:34.239 --> 00:36:38.679
<v Speaker 2>in construction, because no far can go through. Right about

623
00:36:39.199 --> 00:36:42.199
<v Speaker 2>more than twenty years ago, I think I remember I

624
00:36:42.280 --> 00:36:44.119
<v Speaker 2>was doing a carpet cleaner. I used to sell in

625
00:36:44.199 --> 00:36:46.480
<v Speaker 2>fairs and exhibitions and stuff like that. I told you

626
00:36:46.519 --> 00:36:50.320
<v Speaker 2>I was a thinker. And this customer of mind that

627
00:36:50.400 --> 00:36:54.239
<v Speaker 2>was from Korea brought this before the magic eraser. Existence said, oh,

628
00:36:54.239 --> 00:36:55.960
<v Speaker 2>this is great for cleaning, and this and the other

629
00:36:56.199 --> 00:36:58.400
<v Speaker 2>showed them to me. It's amazing, and there was sent

630
00:36:58.480 --> 00:37:00.960
<v Speaker 2>on the dollar. Right, there was the whole container he

631
00:37:01.000 --> 00:37:05.679
<v Speaker 2>brought it from career, right, The careers were buying them

632
00:37:05.719 --> 00:37:08.519
<v Speaker 2>from Germany, saying that it was for construction. They were

633
00:37:08.559 --> 00:37:12.599
<v Speaker 2>taking the big buns. Did I froze? It looks like

634
00:37:12.599 --> 00:37:12.960
<v Speaker 2>a froze.

635
00:37:12.960 --> 00:37:14.360
<v Speaker 3>Can you hear that? You did it? Phraeze? I still

636
00:37:14.360 --> 00:37:15.960
<v Speaker 3>got you though, Yeah, you're back in your back.

637
00:37:16.559 --> 00:37:19.920
<v Speaker 2>So the big buns, like they look like huge buns.

638
00:37:19.920 --> 00:37:23.159
<v Speaker 2>They cut them in pieces, right, And because construction was

639
00:37:23.199 --> 00:37:25.000
<v Speaker 2>so cheap, and they would sell them for ten cents,

640
00:37:25.000 --> 00:37:27.280
<v Speaker 2>and anybody could sell it for a dollar, right. And

641
00:37:27.679 --> 00:37:30.119
<v Speaker 2>then the Germans caught up to they said, hey, you

642
00:37:30.199 --> 00:37:32.519
<v Speaker 2>cannot do that, right. So what we're going to do

643
00:37:32.599 --> 00:37:34.920
<v Speaker 2>now is we're going to do a great color one,

644
00:37:35.079 --> 00:37:37.119
<v Speaker 2>a great color one for construction, and the white one.

645
00:37:37.239 --> 00:37:39.639
<v Speaker 2>We made a deal with Procter and Gamble or whoever.

646
00:37:39.800 --> 00:37:43.800
<v Speaker 2>They're going to sell those paths. Right. And then and

647
00:37:43.840 --> 00:37:45.719
<v Speaker 2>then for a while you see in the black market

648
00:37:46.039 --> 00:37:49.800
<v Speaker 2>the Great Paths being salt for Cleveland as well. Anyway,

649
00:37:50.079 --> 00:37:52.960
<v Speaker 2>now ten years go by Chinese trying to copy it,

650
00:37:53.039 --> 00:37:55.559
<v Speaker 2>and the sponge that they have is full of bubbles

651
00:37:55.599 --> 00:37:58.360
<v Speaker 2>and he doesn't clean as well, and it falls apart. Right,

652
00:37:58.440 --> 00:38:00.800
<v Speaker 2>I mean, this is a this is a great product

653
00:38:00.800 --> 00:38:05.280
<v Speaker 2>to sell because it has it can it gets destroyed

654
00:38:05.280 --> 00:38:07.559
<v Speaker 2>as you clean it, and you have to buy it's

655
00:38:07.639 --> 00:38:09.000
<v Speaker 2>the perfect right.

656
00:38:09.719 --> 00:38:14.079
<v Speaker 1>There's a planned obsolescence right there. Yeah, exactly as was looking.

657
00:38:14.400 --> 00:38:18.000
<v Speaker 2>So so then what happens is China from one day

658
00:38:18.000 --> 00:38:21.079
<v Speaker 2>to another they had the perfect sponge and it was

659
00:38:21.119 --> 00:38:24.800
<v Speaker 2>like the German one. And and that only happened. And

660
00:38:24.840 --> 00:38:29.480
<v Speaker 2>I'm telling you only happened because because of corporate espionage.

661
00:38:29.639 --> 00:38:30.760
<v Speaker 2>Does that does that make sense?

662
00:38:30.920 --> 00:38:32.199
<v Speaker 3>Yeah? Absolutely?

663
00:38:32.280 --> 00:38:34.320
<v Speaker 2>And my camera there we go there, we're back with

664
00:38:34.360 --> 00:38:36.719
<v Speaker 2>this camera. Maybe this camera is Chinese and it's going

665
00:38:36.719 --> 00:38:39.840
<v Speaker 2>against me anyway. So so but do you see what

666
00:38:39.880 --> 00:38:41.760
<v Speaker 2>I'm saying. So, so that's.

667
00:38:41.519 --> 00:38:44.960
<v Speaker 3>How they found the plant, that's right. We just thought

668
00:38:45.000 --> 00:38:46.760
<v Speaker 3>of that overnight. Why I'm thinking that before.

669
00:38:47.000 --> 00:38:49.199
<v Speaker 2>Oh, TikTok, it must be TikTok. It must be TikTok,

670
00:38:50.199 --> 00:38:53.880
<v Speaker 2>that's right anyway, So so that is it's built upon them.

671
00:38:54.400 --> 00:38:57.400
<v Speaker 2>They use other people's r indeed to improve the products

672
00:38:57.400 --> 00:38:59.639
<v Speaker 2>that they are doing that other people want to buy.

673
00:39:00.000 --> 00:39:01.800
<v Speaker 2>And a third world country or a country in the

674
00:39:01.840 --> 00:39:04.599
<v Speaker 2>Middle East will buy their sponges which are half a

675
00:39:04.679 --> 00:39:08.559
<v Speaker 2>one third of the price, and it serves a purpose. Right,

676
00:39:08.880 --> 00:39:14.880
<v Speaker 2>But enough is enough? Right? This this mega, mega machine

677
00:39:14.880 --> 00:39:19.559
<v Speaker 2>that eats upp entrepreneurs and innovation and research and development

678
00:39:19.880 --> 00:39:25.639
<v Speaker 2>and patents and an ingenuity enough right, Enough the artists,

679
00:39:26.440 --> 00:39:31.320
<v Speaker 2>the entrepreneurs, the creators, that innovators, that companies spend billions

680
00:39:31.360 --> 00:39:35.639
<v Speaker 2>on dollars on research and development, now have an opportunity

681
00:39:35.679 --> 00:39:38.719
<v Speaker 2>to be part of composite, have their own node and

682
00:39:38.840 --> 00:39:43.960
<v Speaker 2>have all of their customers be within their network. Right,

683
00:39:44.000 --> 00:39:47.320
<v Speaker 2>they are part of the network, and every product can

684
00:39:47.360 --> 00:39:51.840
<v Speaker 2>be proven. And I'll show you how effective this is.

685
00:39:52.559 --> 00:39:56.880
<v Speaker 2>You know, my wife likes Revis Okay, whose wife doesn't? Right?

686
00:39:57.239 --> 00:39:59.599
<v Speaker 2>And there's all kinds of of bags. Hermits is the

687
00:39:59.599 --> 00:40:02.119
<v Speaker 2>most de pensive one. They're absolutely that's how they sell.

688
00:40:02.559 --> 00:40:07.599
<v Speaker 2>But it's all about status, right. I have my Louisiton back, right,

689
00:40:08.000 --> 00:40:12.920
<v Speaker 2>and so so imagine if a Louisiton bag had a

690
00:40:12.920 --> 00:40:16.880
<v Speaker 2>a security link within it that shows that that back

691
00:40:17.199 --> 00:40:20.559
<v Speaker 2>is original and it belongs to the person. Now she

692
00:40:20.840 --> 00:40:24.880
<v Speaker 2>wants to sell it, right or people see it right

693
00:40:25.119 --> 00:40:27.280
<v Speaker 2>and they can go with their phone and do click

694
00:40:28.000 --> 00:40:30.400
<v Speaker 2>and it shows it belongs to her. It gives a

695
00:40:30.440 --> 00:40:34.119
<v Speaker 2>recognition if she bought a second hand because the problem

696
00:40:34.440 --> 00:40:37.920
<v Speaker 2>in The second hand business is where the most counterfeit happens. Right,

697
00:40:38.199 --> 00:40:40.360
<v Speaker 2>you go to eBay, you want to buy a second

698
00:40:40.400 --> 00:40:42.760
<v Speaker 2>hand bag. It looks just as good. You think it's good,

699
00:40:42.840 --> 00:40:45.440
<v Speaker 2>it's a great price. You buy it. Boom, you get it.

700
00:40:45.519 --> 00:40:47.159
<v Speaker 2>You want to fix it. In the story say this

701
00:40:47.199 --> 00:40:50.239
<v Speaker 2>is counterfeited. You are a thief, right, that's what they

702
00:40:50.280 --> 00:40:52.679
<v Speaker 2>will say to you. But you didn't know that. But

703
00:40:52.800 --> 00:40:55.280
<v Speaker 2>imagine now you have a label and the company said,

704
00:40:55.360 --> 00:40:59.239
<v Speaker 2>like Louisiton, can you they have a very fine note

705
00:40:59.320 --> 00:41:01.760
<v Speaker 2>on the network and you want to sell it. You

706
00:41:01.760 --> 00:41:05.800
<v Speaker 2>don't use eBay. You use to use Vton's secondary market.

707
00:41:06.280 --> 00:41:09.480
<v Speaker 2>Now because it's on the blockchain. They can make money

708
00:41:10.519 --> 00:41:14.159
<v Speaker 2>because it's we're on the code in every transaction of

709
00:41:14.199 --> 00:41:16.960
<v Speaker 2>that product for the rest of the life of that product.

710
00:41:17.159 --> 00:41:19.599
<v Speaker 2>So I can use livy toone to put it on

711
00:41:19.639 --> 00:41:22.239
<v Speaker 2>the market. Somebody buys a second hand one is cheaper.

712
00:41:22.320 --> 00:41:26.159
<v Speaker 2>It doesn't matter, right, the Livton is the one that

713
00:41:26.360 --> 00:41:30.079
<v Speaker 2>verifies as the correct bag the transaction transfer. That's how

714
00:41:31.960 --> 00:41:34.119
<v Speaker 2>they become like a sort of like an xcro company.

715
00:41:34.199 --> 00:41:40.079
<v Speaker 2>It doesn't matter they're losing. Have have maybe one hundred

716
00:41:40.159 --> 00:41:43.760
<v Speaker 2>billion dollars on transactions on the secondary market. Now they

717
00:41:43.760 --> 00:41:46.719
<v Speaker 2>get twenty twenty five percent of that. So what happens

718
00:41:46.840 --> 00:41:50.559
<v Speaker 2>is the customer. Now, the customers protect the brand and

719
00:41:50.639 --> 00:41:55.360
<v Speaker 2>they become the counterfeit experts and they defend it. And

720
00:41:55.440 --> 00:41:58.519
<v Speaker 2>what happens somebody buys a counterfeit now that wants to

721
00:41:58.559 --> 00:42:01.280
<v Speaker 2>show that they have the bag, knows that other people

722
00:42:01.480 --> 00:42:03.920
<v Speaker 2>are going to see that that's not real. So now

723
00:42:04.199 --> 00:42:12.000
<v Speaker 2>it forces and it takes away the demand for counterfeit books.

724
00:42:12.119 --> 00:42:13.000
<v Speaker 2>Does that make any sense? Oh?

725
00:42:13.119 --> 00:42:15.360
<v Speaker 3>Yeah, absolutely, that's a great idea.

726
00:42:15.719 --> 00:42:20.119
<v Speaker 1>That is Sorry, no, I think in your example there

727
00:42:20.159 --> 00:42:23.199
<v Speaker 1>the fact that the people who have been defrauded with

728
00:42:23.360 --> 00:42:25.920
<v Speaker 1>the counterfeiting that's going out there, not only did they

729
00:42:25.920 --> 00:42:27.760
<v Speaker 1>have a way to stop that, but they also have

730
00:42:27.960 --> 00:42:30.960
<v Speaker 1>some ways, as part of the confirmation networked to get

731
00:42:31.079 --> 00:42:33.440
<v Speaker 1>some small fee off of each of these transactions.

732
00:42:33.440 --> 00:42:34.440
<v Speaker 3>I think it's a great idea.

733
00:42:34.960 --> 00:42:37.480
<v Speaker 2>It's a small fee for the seller, but it's a

734
00:42:37.559 --> 00:42:41.400
<v Speaker 2>huge fee for the brand because now he has a

735
00:42:41.519 --> 00:42:45.480
<v Speaker 2>new revenue stream that he didn't expect, that he'd missed.

736
00:42:45.880 --> 00:42:47.880
<v Speaker 2>Is a revenue stream that is in the billions of

737
00:42:47.920 --> 00:42:50.760
<v Speaker 2>dollars for let's say luxury goods. But what about look

738
00:42:50.800 --> 00:42:54.719
<v Speaker 2>Let's take another example. Do you know the Ferrari in

739
00:42:54.840 --> 00:42:58.679
<v Speaker 2>nineteen's let's say seventy nine, right, I don't know the

740
00:42:58.719 --> 00:43:02.360
<v Speaker 2>exactly I'm I'm just paraphrasing here. Just understand, I don't

741
00:43:02.360 --> 00:43:04.039
<v Speaker 2>know which is the year, but I remember seeing at

742
00:43:04.039 --> 00:43:06.880
<v Speaker 2>one point that one of the years show that Ferrari

743
00:43:06.960 --> 00:43:09.719
<v Speaker 2>made one hundred or two hundred cars. But if you

744
00:43:09.760 --> 00:43:11.760
<v Speaker 2>look at how many cars are listed for that year,

745
00:43:12.000 --> 00:43:18.239
<v Speaker 2>the five hundred cars, right. So it can be applied

746
00:43:18.400 --> 00:43:21.039
<v Speaker 2>for the DMV. The DMV could use the system, have

747
00:43:21.119 --> 00:43:24.960
<v Speaker 2>its own node and produce driver's licenses. It could be

748
00:43:25.039 --> 00:43:29.880
<v Speaker 2>applied for food verification that is really organic and who

749
00:43:29.960 --> 00:43:34.039
<v Speaker 2>it really came from. It could be applied for like example, honey. Right,

750
00:43:34.360 --> 00:43:36.559
<v Speaker 2>we all try to be a little more healthy, and

751
00:43:36.639 --> 00:43:39.639
<v Speaker 2>supposedly honey is better than sugar and all these other

752
00:43:39.800 --> 00:43:42.239
<v Speaker 2>sugar additives. But do you know that honey when it

753
00:43:42.280 --> 00:43:46.199
<v Speaker 2>comes from from abroad, they sometimes put the syrup on it,

754
00:43:46.320 --> 00:43:49.159
<v Speaker 2>and they mix it up with sugar and and they

755
00:43:49.199 --> 00:43:56.760
<v Speaker 2>mix it and blended. And that's why. What about? So

756
00:43:56.840 --> 00:43:59.039
<v Speaker 2>what about if you can verify that you are getting

757
00:43:59.079 --> 00:44:02.280
<v Speaker 2>the right thing. It is applicable to everything. But what's more,

758
00:44:02.320 --> 00:44:08.480
<v Speaker 2>important the network scalability can grow without affecting the security

759
00:44:08.559 --> 00:44:11.960
<v Speaker 2>of the transaction and the block and that's what composite does.

760
00:44:12.199 --> 00:44:15.079
<v Speaker 2>I'm trying to make it real to regular people because

761
00:44:15.119 --> 00:44:18.400
<v Speaker 2>it says, what the hell does blockchain gonna affect me? Well, listen,

762
00:44:19.000 --> 00:44:22.840
<v Speaker 2>in ten years, every transaction will be through blockchain. Ai

763
00:44:23.280 --> 00:44:26.719
<v Speaker 2>oh ai. What about if somebody takes your image? You've

764
00:44:26.719 --> 00:44:29.159
<v Speaker 2>been having how many videos online? You have?

765
00:44:29.480 --> 00:44:31.400
<v Speaker 3>No, I don't know. I've been doing this for years.

766
00:44:31.440 --> 00:44:35.239
<v Speaker 3>I don't know, I have no idea.

767
00:44:35.360 --> 00:44:38.960
<v Speaker 2>Okay, let's imagine somebody takes one of your videos, takes

768
00:44:39.000 --> 00:44:42.760
<v Speaker 2>your face right, and then puts it on the in

769
00:44:42.800 --> 00:44:45.519
<v Speaker 2>the next I don't know, terrorist attack, right, and there

770
00:44:45.639 --> 00:44:50.440
<v Speaker 2>shows you in or saying something unthinkable, right, or doing

771
00:44:50.519 --> 00:44:53.519
<v Speaker 2>something unthinkable, and they and they say, unless you pay

772
00:44:53.599 --> 00:44:56.360
<v Speaker 2>me a million dollars or three hundred thousand dollars, we're

773
00:44:56.400 --> 00:44:58.880
<v Speaker 2>going to publish this, and you're going to be on

774
00:44:59.119 --> 00:45:02.880
<v Speaker 2>on You're going to be on you know, on jail,

775
00:45:03.000 --> 00:45:04.519
<v Speaker 2>or you're going to be you're not to be able

776
00:45:04.559 --> 00:45:06.119
<v Speaker 2>to be online anymore.

777
00:45:06.239 --> 00:45:06.920
<v Speaker 3>Right.

778
00:45:06.960 --> 00:45:13.320
<v Speaker 2>So in composite, we also want this technology of authentication

779
00:45:13.519 --> 00:45:15.800
<v Speaker 2>that can go right on the image or on the

780
00:45:15.800 --> 00:45:20.559
<v Speaker 2>code of a person of a video or or voice music,

781
00:45:20.679 --> 00:45:24.880
<v Speaker 2>let's say, or a contract and that way, whatever videos

782
00:45:24.920 --> 00:45:28.000
<v Speaker 2>you take out you say this is me right, and

783
00:45:28.119 --> 00:45:32.519
<v Speaker 2>whatever videos it's not you, now you can say it's

784
00:45:32.599 --> 00:45:35.000
<v Speaker 2>veri FI or is not verify. Imagine if now.

785
00:45:35.000 --> 00:45:36.760
<v Speaker 1>That's going to be a big problem because it's gotten

786
00:45:36.760 --> 00:45:40.199
<v Speaker 1>so good and so quickly. It's it's advancing that people

787
00:45:40.199 --> 00:45:42.320
<v Speaker 1>are going to be able to tell fakes from the

788
00:45:42.360 --> 00:45:45.519
<v Speaker 1>real thing. It's happening where you're talking about voice or

789
00:45:45.559 --> 00:45:47.719
<v Speaker 1>image or people moving and all the rest of stuff.

790
00:45:47.719 --> 00:45:48.920
<v Speaker 3>Anything can be faked.

791
00:45:49.320 --> 00:45:51.320
<v Speaker 2>Yeah, I mean it happened like ten years ago. They

792
00:45:51.400 --> 00:45:55.880
<v Speaker 2>had Morgan three man a system you know, saying you

793
00:45:55.920 --> 00:45:58.599
<v Speaker 2>should turn right, or you should turn left or whatever. Right,

794
00:45:58.800 --> 00:46:01.599
<v Speaker 2>do you know what I'm saying? Right, So, so it's applicable.

795
00:46:01.960 --> 00:46:04.960
<v Speaker 2>And what's wonderful is that is at the beginning stages

796
00:46:05.039 --> 00:46:07.800
<v Speaker 2>and what's happening here David, is that we were going

797
00:46:07.880 --> 00:46:10.639
<v Speaker 2>to make a foundation this. I'm making this into a

798
00:46:10.679 --> 00:46:13.719
<v Speaker 2>foundation because it's the way if you don't do it

799
00:46:13.760 --> 00:46:17.360
<v Speaker 2>for profit, it works better because you don't get attack

800
00:46:17.360 --> 00:46:21.239
<v Speaker 2>as match. And we were going to do a foundation

801
00:46:21.440 --> 00:46:26.119
<v Speaker 2>in Zach, Switzerland, which is what Ethereum did. Right, then

802
00:46:26.159 --> 00:46:28.679
<v Speaker 2>we were going to deploy it internationally and then the

803
00:46:28.800 --> 00:46:31.000
<v Speaker 2>US could have been involved with it because no longer

804
00:46:31.039 --> 00:46:33.800
<v Speaker 2>it's centralized. Because when you start a blockchain, it's centralized.

805
00:46:33.840 --> 00:46:38.119
<v Speaker 2>You need a body that creates the programming, deployees it,

806
00:46:38.320 --> 00:46:41.159
<v Speaker 2>and controls it and then you let it run. Right.

807
00:46:41.519 --> 00:46:45.119
<v Speaker 2>And so what we're looking for is to do it

808
00:46:45.199 --> 00:46:47.639
<v Speaker 2>here in the US. We would like to do this

809
00:46:47.719 --> 00:46:51.760
<v Speaker 2>blockchain in the US. Enough enough bringing technology and work

810
00:46:52.039 --> 00:46:55.280
<v Speaker 2>outside of the US. It should be here. We we

811
00:46:55.440 --> 00:46:58.360
<v Speaker 2>should be it should be great. And why not, right?

812
00:46:58.880 --> 00:47:03.639
<v Speaker 2>And so we we want more clarity. When Trump said

813
00:47:03.679 --> 00:47:07.280
<v Speaker 2>that he will do no capital gain taxes in any

814
00:47:07.280 --> 00:47:12.199
<v Speaker 2>blockchain products that are done here, right, what does that mean?

815
00:47:12.320 --> 00:47:15.079
<v Speaker 2>What does that mean? Can I do a foundation and

816
00:47:15.119 --> 00:47:16.920
<v Speaker 2>then do an I t O? Because in order to

817
00:47:16.960 --> 00:47:19.639
<v Speaker 2>start a blockchain, you do a thing called an initial

818
00:47:19.679 --> 00:47:23.679
<v Speaker 2>token offering, right, You do tokens at a discount that

819
00:47:23.760 --> 00:47:26.239
<v Speaker 2>brings money in, and so you can do development.

820
00:47:26.440 --> 00:47:26.880
<v Speaker 3>Right.

821
00:47:27.000 --> 00:47:29.760
<v Speaker 2>But the problem that when you did that in the US,

822
00:47:29.800 --> 00:47:34.280
<v Speaker 2>when all started with blockchain, the SEC came and said no, no, no, no, no, no,

823
00:47:34.960 --> 00:47:37.679
<v Speaker 2>this is not a blockchain, this is a security because

824
00:47:37.679 --> 00:47:39.880
<v Speaker 2>you're asking money for something that is going to go

825
00:47:39.960 --> 00:47:41.199
<v Speaker 2>up in price. Does that make sense?

826
00:47:41.719 --> 00:47:43.360
<v Speaker 1>So, and looks like that's going to be a lot

827
00:47:43.360 --> 00:47:45.400
<v Speaker 1>of lot of deregulation, they said, let me ask you

828
00:47:45.400 --> 00:47:49.159
<v Speaker 1>this though. You know, we're talking about being distributed and

829
00:47:49.559 --> 00:47:52.039
<v Speaker 1>having millions of notes there. This is something that's going

830
00:47:52.039 --> 00:47:53.880
<v Speaker 1>to run on people's personal computers. Are going to be

831
00:47:53.880 --> 00:47:55.679
<v Speaker 1>an app or something that people are download.

832
00:47:55.760 --> 00:47:57.480
<v Speaker 2>It's gonna be, it's gonna be. It's gonna be. They

833
00:47:57.480 --> 00:48:00.360
<v Speaker 2>call it a client, but let's call it like app.

834
00:48:00.480 --> 00:48:04.280
<v Speaker 2>Is a program running using the processing power when the

835
00:48:04.320 --> 00:48:08.880
<v Speaker 2>computer is not being used for transactions for processing.

836
00:48:08.639 --> 00:48:11.679
<v Speaker 1>Basically, so people will be able to do kind of

837
00:48:11.719 --> 00:48:13.519
<v Speaker 1>as their computer is idle, they would be able to

838
00:48:13.559 --> 00:48:15.840
<v Speaker 1>do a little bit of in a sense kind of

839
00:48:15.840 --> 00:48:19.800
<v Speaker 1>like mining essentially essentially in a distributed way.

840
00:48:20.480 --> 00:48:24.920
<v Speaker 2>Yes, exactly. Well, the different with mining in bigcoin is

841
00:48:24.960 --> 00:48:27.679
<v Speaker 2>that they're doing a process where they're trying to get

842
00:48:28.079 --> 00:48:30.039
<v Speaker 2>In order to make a coin, you have to find

843
00:48:30.039 --> 00:48:32.159
<v Speaker 2>a prime number. A prime number is a number that

844
00:48:32.559 --> 00:48:36.199
<v Speaker 2>it can be divided by itself and by one. I think, yes,

845
00:48:36.519 --> 00:48:41.400
<v Speaker 2>so it started as one, three, five, seven. That's really easy.

846
00:48:41.480 --> 00:48:47.719
<v Speaker 2>That's why the Satoshi he has the first million or

847
00:48:47.760 --> 00:48:49.840
<v Speaker 2>two million numbers in his account, he's never used them,

848
00:48:49.920 --> 00:48:52.920
<v Speaker 2>right because hes But what happens is the numbers become

849
00:48:52.920 --> 00:48:55.440
<v Speaker 2>bigger and bigger and bigger, and eventually they're the size

850
00:48:55.440 --> 00:48:59.079
<v Speaker 2>of a twenty story building. And in order to find

851
00:48:59.519 --> 00:49:03.119
<v Speaker 2>the you need a lot of processing power. So that's

852
00:49:03.119 --> 00:49:04.760
<v Speaker 2>what binding is called in that case.

853
00:49:04.920 --> 00:49:05.280
<v Speaker 3>Right.

854
00:49:05.519 --> 00:49:09.599
<v Speaker 2>And also you have transactions where you change transactions. That's

855
00:49:09.599 --> 00:49:14.119
<v Speaker 2>another way that the miners make money. But in this case,

856
00:49:14.320 --> 00:49:18.360
<v Speaker 2>the purpose of the composite node is to do transactions

857
00:49:18.360 --> 00:49:22.360
<v Speaker 2>of work for the world. Right. If a company wants

858
00:49:22.400 --> 00:49:25.159
<v Speaker 2>to transfer ownership of this or wants to ship that

859
00:49:25.360 --> 00:49:28.840
<v Speaker 2>or the other, then the processing power will happen within

860
00:49:29.639 --> 00:49:33.159
<v Speaker 2>other nodes. So it's basically the computer grows, or the

861
00:49:33.239 --> 00:49:37.079
<v Speaker 2>capacity grows, or the productivity grows as more nodes get

862
00:49:37.119 --> 00:49:41.360
<v Speaker 2>involved and more computers, so it will become like the

863
00:49:41.519 --> 00:49:46.079
<v Speaker 2>largest decentralized computer where you can access to do work

864
00:49:46.199 --> 00:49:49.360
<v Speaker 2>and it will be paid with tokens within the network.

865
00:49:49.519 --> 00:49:52.440
<v Speaker 2>So what will happen at some times, Oh great, that's

866
00:49:52.480 --> 00:49:57.440
<v Speaker 2>a great picture of me. What will happen is that

867
00:49:58.559 --> 00:50:02.719
<v Speaker 2>someone that maybe lives in the Appalachian Mountains and has

868
00:50:02.880 --> 00:50:06.239
<v Speaker 2>you know, has an iPad and has a computer and

869
00:50:06.360 --> 00:50:10.880
<v Speaker 2>has I don't know, some something goes on the TV,

870
00:50:11.639 --> 00:50:16.719
<v Speaker 2>it goes to work, and he could put those items

871
00:50:16.880 --> 00:50:22.880
<v Speaker 2>or computer chips to work and get pating tokens. And

872
00:50:22.920 --> 00:50:26.280
<v Speaker 2>the idea is that those tokens could be used for anything. Eventually,

873
00:50:26.480 --> 00:50:28.880
<v Speaker 2>the supermarket will have its own note and you can

874
00:50:28.880 --> 00:50:32.320
<v Speaker 2>come with a token and buy milk or coffee or

875
00:50:32.320 --> 00:50:34.719
<v Speaker 2>whatever the case may be, or you can pay someone else,

876
00:50:34.840 --> 00:50:38.480
<v Speaker 2>but it could be used as something that is working

877
00:50:38.559 --> 00:50:43.440
<v Speaker 2>for you. Right, And if you get early on the system,

878
00:50:43.840 --> 00:50:46.320
<v Speaker 2>you can collect more tokens, and as they go up

879
00:50:46.360 --> 00:50:48.239
<v Speaker 2>in value, we're going to try not to make them

880
00:50:48.280 --> 00:50:50.920
<v Speaker 2>go to one hundred thousand dollars. I'm sorry, but it's

881
00:50:50.960 --> 00:50:54.360
<v Speaker 2>impossible to make a utilitarian that way. But then what

882
00:50:54.400 --> 00:50:57.559
<v Speaker 2>will happen is it will allow you to it will

883
00:50:57.599 --> 00:51:02.239
<v Speaker 2>allow you to gain some when when life doesn't seem fair. Well,

884
00:51:02.239 --> 00:51:04.679
<v Speaker 2>all you have to do is you can use those computers,

885
00:51:04.719 --> 00:51:08.360
<v Speaker 2>that computer processing power and add it to the network.

886
00:51:08.400 --> 00:51:10.280
<v Speaker 2>And that's that's what we want. We want everybody to

887
00:51:10.320 --> 00:51:12.400
<v Speaker 2>make money. We want that the people have knows to

888
00:51:12.440 --> 00:51:14.880
<v Speaker 2>make money. When the people that that at the beginning,

889
00:51:15.039 --> 00:51:18.719
<v Speaker 2>they get tokens and the io to make money. We

890
00:51:18.760 --> 00:51:22.159
<v Speaker 2>want the enterprises to be part of it and definitely

891
00:51:22.719 --> 00:51:27.760
<v Speaker 2>control and not lose so much money. And and hey,

892
00:51:27.880 --> 00:51:30.280
<v Speaker 2>if governmental agencies want to get involved and use it

893
00:51:30.320 --> 00:51:34.079
<v Speaker 2>as well, it's great because it adds transparency. You understand

894
00:51:34.079 --> 00:51:36.320
<v Speaker 2>that it shows that they're not so close and not

895
00:51:36.440 --> 00:51:40.519
<v Speaker 2>showing everything, and it gives people more trust. It allows

896
00:51:40.519 --> 00:51:43.159
<v Speaker 2>to give more trust because it's a little bit more transparent.

897
00:51:43.599 --> 00:51:44.480
<v Speaker 3>That's a great idea.

898
00:51:44.679 --> 00:51:47.159
<v Speaker 1>People get a chance to make some money there, but

899
00:51:47.599 --> 00:51:51.360
<v Speaker 1>the key thing is coming against the fraud that is

900
00:51:51.480 --> 00:51:55.199
<v Speaker 1>just so rampant everywhere. That's a great idea. So you're

901
00:51:55.199 --> 00:51:58.159
<v Speaker 1>setting up a composite dot organs where people can go

902
00:51:58.199 --> 00:52:00.519
<v Speaker 1>to learn more about it and follow your progress us right,

903
00:52:01.039 --> 00:52:05.119
<v Speaker 1>and you're kind of looking for some more clarity to

904
00:52:05.159 --> 00:52:06.840
<v Speaker 1>see what's going only going to happen with the Trump

905
00:52:06.840 --> 00:52:09.079
<v Speaker 1>administration that made a lot of talk about the regulation

906
00:52:09.119 --> 00:52:14.400
<v Speaker 1>of crypto, So looking to see exactly where those are going,

907
00:52:14.559 --> 00:52:16.960
<v Speaker 1>where those lines are going to fall, but.

908
00:52:17.559 --> 00:52:20.800
<v Speaker 2>Actually can introject something. I got the number from David Sash,

909
00:52:20.840 --> 00:52:25.599
<v Speaker 2>which is going to be the crypto the blockchain ai

910
00:52:25.639 --> 00:52:27.960
<v Speaker 2>SR and I did call him and I did send

911
00:52:27.960 --> 00:52:30.639
<v Speaker 2>an email. I would like some clarity because I don't

912
00:52:30.760 --> 00:52:33.880
<v Speaker 2>want to take this to Switzerland and not give it

913
00:52:34.119 --> 00:52:38.840
<v Speaker 2>access to Americans. I think Americans deserve to make tons

914
00:52:38.840 --> 00:52:41.719
<v Speaker 2>of money, and this network is going to be the

915
00:52:41.800 --> 00:52:44.239
<v Speaker 2>largest network in the world, and it should be American.

916
00:52:44.320 --> 00:52:47.920
<v Speaker 2>It's it's what I think it should and I would

917
00:52:48.000 --> 00:52:50.440
<v Speaker 2>like I would like help on this because nobody's giving

918
00:52:50.440 --> 00:52:53.559
<v Speaker 2>me any answers. And this is going to continue. But

919
00:52:53.599 --> 00:52:55.920
<v Speaker 2>if I have to take it to Switzerland, I will

920
00:52:56.039 --> 00:52:59.039
<v Speaker 2>because because it's still it's going to be able to use.

921
00:52:59.079 --> 00:53:02.639
<v Speaker 2>One is deployed. One is deployed. But but most people

922
00:53:02.760 --> 00:53:06.039
<v Speaker 2>gain when they get early on at the onset of something.

923
00:53:06.079 --> 00:53:07.960
<v Speaker 2>You know, if you will, if we all have bought

924
00:53:08.239 --> 00:53:13.519
<v Speaker 2>Bigcoin when it was ten dollars, just a thousand dollars,

925
00:53:13.719 --> 00:53:15.400
<v Speaker 2>we'll be billionaires.

926
00:53:14.840 --> 00:53:17.719
<v Speaker 3>Right right, that's right. A lot of people like that.

927
00:53:17.880 --> 00:53:21.480
<v Speaker 2>Yeah yeah, yeah, so so so they can go into

928
00:53:21.519 --> 00:53:25.800
<v Speaker 2>my my I have handles. I am in LinkedIn. I'm

929
00:53:25.840 --> 00:53:29.400
<v Speaker 2>sure you're going to hopefully you show on the Showsky

930
00:53:29.800 --> 00:53:32.960
<v Speaker 2>I mean in so LinkedIn for business. I have X

931
00:53:33.079 --> 00:53:36.840
<v Speaker 2>for conspiracy theories, which I'm one of them, and that's fine.

932
00:53:37.239 --> 00:53:42.880
<v Speaker 2>I have Instagram as well. Right, if you want to

933
00:53:42.920 --> 00:53:45.840
<v Speaker 2>contact me, my email is really simple, my first name,

934
00:53:46.039 --> 00:53:47.320
<v Speaker 2>NOAHM N O A M.

935
00:53:47.840 --> 00:53:51.559
<v Speaker 3>It's all that stuff on composite dot org or exactly.

936
00:53:52.599 --> 00:53:54.000
<v Speaker 1>Well, grab some of that and we'll put it in

937
00:53:54.000 --> 00:53:55.679
<v Speaker 1>the video so that people have I appreciate.

938
00:53:55.719 --> 00:53:58.079
<v Speaker 2>I appreciate that because anybody can contact me, people that

939
00:53:58.079 --> 00:54:01.239
<v Speaker 2>would like to be minors, people that will to be

940
00:54:01.320 --> 00:54:05.039
<v Speaker 2>part of this, even developers and the developing people that

941
00:54:05.079 --> 00:54:08.400
<v Speaker 2>are good developers, right, even they get paid four hundred

942
00:54:08.400 --> 00:54:11.559
<v Speaker 2>thousand dollars a year. If you If any developer gets

943
00:54:11.599 --> 00:54:15.559
<v Speaker 2>in the initial part of a blockchain project, they get

944
00:54:15.559 --> 00:54:19.480
<v Speaker 2>paid in tokens and they become millionaires. Most developers that

945
00:54:19.559 --> 00:54:23.320
<v Speaker 2>start in a project become multimi millionaires and then they

946
00:54:23.320 --> 00:54:24.599
<v Speaker 2>become investors.

947
00:54:24.840 --> 00:54:27.280
<v Speaker 1>You know, well, it sounds like a great idea, and

948
00:54:27.519 --> 00:54:32.159
<v Speaker 1>certainly I sympathize with you having seen how your work

949
00:54:32.199 --> 00:54:35.280
<v Speaker 1>was stolen, and it's a great solution to keep other

950
00:54:35.280 --> 00:54:38.079
<v Speaker 1>people's work from being stolen. Thank you so much. No,

951
00:54:38.400 --> 00:54:41.320
<v Speaker 1>M Krannienski, is that correct? Is I get close?

952
00:54:41.800 --> 00:54:45.519
<v Speaker 2>Let me fascinate and ski. But you chopped it up nicely. Okay,

953
00:54:45.840 --> 00:54:46.920
<v Speaker 2>you chopped it up nicely.

954
00:54:47.280 --> 00:54:50.440
<v Speaker 1>After practice A little bit more today I got kind

955
00:54:50.440 --> 00:54:53.360
<v Speaker 1>of close on the Canadian prime minister's name, so or

956
00:54:53.719 --> 00:54:56.599
<v Speaker 1>Conservative party leader's name, I should say, uh, so we

957
00:54:56.599 --> 00:55:00.320
<v Speaker 1>work at these times. So no, not not Trudeau, but

958
00:55:01.199 --> 00:55:04.440
<v Speaker 1>Pierre Pollyev I think is the way he pronounces it.

959
00:55:04.840 --> 00:55:08.159
<v Speaker 1>The Conservative who the head of the Conservatives that would

960
00:55:08.199 --> 00:55:12.199
<v Speaker 1>likely be prime minister if they win. But nevertheless, yeah,

961
00:55:12.519 --> 00:55:16.039
<v Speaker 1>sometimes names can be challenging. But this is a great

962
00:55:16.119 --> 00:55:18.039
<v Speaker 1>challenge that you've taken on, and it looks like a

963
00:55:18.039 --> 00:55:21.400
<v Speaker 1>great idea. And again, folks, it is composite with a

964
00:55:21.480 --> 00:55:25.280
<v Speaker 1>k composite dot org and we'll have the information there

965
00:55:25.320 --> 00:55:28.320
<v Speaker 1>so that you can contact Noem and ask him about things.

966
00:55:28.320 --> 00:55:30.119
<v Speaker 2>So listen. Also, David, I just want to let you

967
00:55:30.199 --> 00:55:34.960
<v Speaker 2>know that that blockchain it looks like he's murky and

968
00:55:35.000 --> 00:55:37.400
<v Speaker 2>he's just for young people and you don't really know.

969
00:55:38.039 --> 00:55:41.559
<v Speaker 2>So in the future, I know every I had to

970
00:55:41.679 --> 00:55:46.119
<v Speaker 2>learn everything from top to bottom. I studied. I've studied

971
00:55:46.119 --> 00:55:48.280
<v Speaker 2>more blockchains than most people will know. I've read more

972
00:55:48.280 --> 00:55:49.760
<v Speaker 2>white papers than you can imagine.

973
00:55:50.719 --> 00:55:52.440
<v Speaker 3>They did a great job of explaining it.

974
00:55:52.960 --> 00:55:55.599
<v Speaker 2>Yes, yes, because I have a brother that is an

975
00:55:55.599 --> 00:55:58.960
<v Speaker 2>academic right and he's a genius mathematically but when he

976
00:55:59.039 --> 00:56:01.960
<v Speaker 2>wrote the white paper, said I don't understand this, so

977
00:56:02.360 --> 00:56:04.679
<v Speaker 2>I had to I you can.

978
00:56:04.559 --> 00:56:06.199
<v Speaker 3>See me explain it to me like I'm an eight

979
00:56:06.960 --> 00:56:08.000
<v Speaker 3>I can understand this.

980
00:56:08.159 --> 00:56:11.559
<v Speaker 2>I don't understand this. So so if you ever want

981
00:56:11.559 --> 00:56:13.360
<v Speaker 2>to put me again on your show and ask me

982
00:56:13.480 --> 00:56:16.840
<v Speaker 2>questions or people want to reach out and said, I

983
00:56:16.840 --> 00:56:22.039
<v Speaker 2>don't understand this and you want simple, down to Earth's

984
00:56:22.079 --> 00:56:27.320
<v Speaker 2>answers that are applicable to anybody's daily life. You're welcome.

985
00:56:27.440 --> 00:56:29.760
<v Speaker 2>You're welcome. I'll be more than a pleasure to come again.

986
00:56:29.960 --> 00:56:33.199
<v Speaker 1>That's great, Thank you so much. And we do we

987
00:56:33.239 --> 00:56:35.480
<v Speaker 1>have any questions there for him? No, we didn't have

988
00:56:35.519 --> 00:56:38.320
<v Speaker 1>any questions today. So I will let people digest this

989
00:56:38.559 --> 00:56:40.679
<v Speaker 1>and they'll have the contact information there to get to

990
00:56:40.719 --> 00:56:43.079
<v Speaker 1>you know, Aim, Thank you so much. Very interesting and

991
00:56:43.119 --> 00:56:44.480
<v Speaker 1>as I said before, I think one of the best

992
00:56:44.519 --> 00:56:47.880
<v Speaker 1>explanations I've seen of the blockchain, the history of this.

993
00:56:48.559 --> 00:56:50.719
<v Speaker 1>Thank you so much for what you're doing. I wish

994
00:56:50.719 --> 00:56:53.039
<v Speaker 1>you the best of luck, and maybe we'll have this

995
00:56:53.119 --> 00:56:56.360
<v Speaker 1>interview one day. It'll be it'll be gold and we

996
00:56:56.400 --> 00:56:57.039
<v Speaker 1>can put that.

997
00:56:58.599 --> 00:57:01.519
<v Speaker 3>You the chain there. He's like, look, I interviewed this

998
00:57:01.599 --> 00:57:03.719
<v Speaker 3>guy's who was getting started. Thank you so much.

999
00:57:03.760 --> 00:57:05.840
<v Speaker 2>You know what, if you ask me to interview me

1000
00:57:06.199 --> 00:57:08.599
<v Speaker 2>at that point, I will always say yes.

1001
00:57:08.760 --> 00:57:09.880
<v Speaker 3>Thank you so much. Thank you.

1002
00:57:09.960 --> 00:57:12.559
<v Speaker 1>The best of wishes to you and folks. Thank you

1003
00:57:12.599 --> 00:57:15.960
<v Speaker 1>for joining us and progress retort. Thank you very much

1004
00:57:15.960 --> 00:57:17.679
<v Speaker 1>for the tip. I appreciate that we'll get to that

1005
00:57:17.760 --> 00:57:21.199
<v Speaker 1>comment and the other comments will get to those tomorrow.

1006
00:57:21.360 --> 00:57:23.800
<v Speaker 1>No more time in the program. Thank you for joining us.

1007
00:57:24.079 --> 00:57:24.719
<v Speaker 1>Have a good day.

1008
00:57:31.840 --> 00:57:35.920
<v Speaker 4>Hello, it's me Voladimir Zelenski. I'm so tired of wearing

1009
00:57:35.960 --> 00:57:38.880
<v Speaker 4>these same T shirts everywhere for years. You'd think with

1010
00:57:39.239 --> 00:57:43.360
<v Speaker 4>all the billions I've skimmed off America, I could dress better.

1011
00:57:43.800 --> 00:57:47.079
<v Speaker 4>And I could if only David Knight would send me

1012
00:57:47.199 --> 00:57:50.199
<v Speaker 4>one of his beautiful gray mcguffin hoodies or a new

1013
00:57:50.239 --> 00:57:51.320
<v Speaker 4>black T shirt.

1014
00:57:51.119 --> 00:57:53.199
<v Speaker 2>With the McGuff and logo in blue.

1015
00:57:54.320 --> 00:57:57.039
<v Speaker 4>But he told me to get lost. Maybe one of

1016
00:57:57.039 --> 00:57:59.480
<v Speaker 4>you American suckers can buy me some at the David

1017
00:57:59.519 --> 00:58:03.719
<v Speaker 4>Knight show. You should be able to buy me several hundred.

1018
00:58:04.239 --> 00:58:09.239
<v Speaker 4>Those amazing sand colored microphone hoodies are so beautiful. I'd

1019
00:58:09.280 --> 00:58:12.239
<v Speaker 4>wear something other than green military cosplay.

1020
00:58:11.800 --> 00:58:14.559
<v Speaker 2>To my various galas and social events.

1021
00:58:14.880 --> 00:58:17.119
<v Speaker 4>If you want to save on Shipping just put it

1022
00:58:17.199 --> 00:58:20.760
<v Speaker 4>in the next package of bombs and missiles coming from

1023
00:58:20.760 --> 00:58:21.400
<v Speaker 4>the USA.