Speaker 1: All right, and joining us now is Gnome Kumyinsky. I
Speaker 1: think if I pronounced that correctly, maybe I got closes.
Speaker 1: Like I said, I'm going to refer to you mostly
Speaker 1: as Gnome, so we'll not struggle over the last name.
Speaker 1: But I wanted to tell you it's very interesting your
Speaker 1: project here, and I think a lot of us have
Speaker 1: much that we don't know about blockchain. But one of
Speaker 1: the things that you say is that you've talked about
Speaker 1: You did a press release about a white paper that
Speaker 1: would bridge Web two to Web three. So let's start
Speaker 1: with that, and then we can talk about your organization,
Speaker 1: but or you can tell us about your organization if
Speaker 1: you want to begin. It's it's composite with a K,
Speaker 1: K O, M, P O, S I T E dot org.
Speaker 1: So if you'd like to tell us about your organization first,
Speaker 1: and then we can talk about Web two to Web
Speaker 1: three bridging and what those two things are. So tell
Speaker 1: us a little bit about composite.
Speaker 2: Yeah, thank you, David. So my name is Noah and
Speaker 2: nobody really knows me. So I am an entrepreneur, I'm
Speaker 2: an inventor, I have patents I have for the last
Speaker 2: forty seven years. I'm fifty two. Been a tinker and
Speaker 2: someone that makes that breaks through barriers to get where
Speaker 2: I want to write. And I was in shar tank
Speaker 2: a few years back, and that exploded for me with
Speaker 2: a product called Bambooi. Right this one here, and I
Speaker 2: made partners with one of the sharks, and my business exploded.
Speaker 2: We were in all kinds of platforms. We started getting copied.
Speaker 2: Then after that, I said, if I get copied, I
Speaker 2: need to make a product that is uncopyable. So I started.
Speaker 2: I made the next product, had five patents. I waited
Speaker 2: for them, and then I brought them out. The vertices
Speaker 2: that look like telephone wire, the women news. I am
Speaker 2: the imp. And then the next thing I know is
Speaker 2: big corporations on dollar corporations are suing me to validate
Speaker 2: the patterns because they and they sell millions of dollars
Speaker 2: and they don't want to pay me. And and I said,
Speaker 2: the system is rigged. The system is rigged. I learned
Speaker 2: through this a book called The The Art of War
Speaker 2: by Sun Sue. It's a it's a mass read if
Speaker 2: you're in politics or you are in business. And and
Speaker 2: I came to the conclusion that I was a whole
Speaker 2: bunch of bleep bleep right. I don't know if you
Speaker 2: can say, but there right, and and so for a
Speaker 2: couple of for a couple for a few months, I
Speaker 2: was really not in a good place, and I decided
Speaker 2: to make a product that was uncopyable, that I could
Speaker 2: build an organization of business where not only would I
Speaker 2: sell to just the first time to a customer, but
Speaker 2: it could have repeat business, because that's the major issue.
Speaker 2: And I came to the conclusion that I pee property,
Speaker 2: things that have to do with our or have to
Speaker 2: do with creators, has a better protection than patterns, for example,
Speaker 2: that you have to defend claims and stuff like that.
Speaker 2: So and so I created. I created animos, which are
Speaker 2: different characters with which Disney, with all his protections and stuff,
Speaker 2: have created a very strong legal network. And then I
Speaker 2: went into blockchain. I knew nothing about blockchain. You have
Speaker 2: to understand the reason I know so much about blockchain
Speaker 2: is because when I went into blockchain, I said, I
Speaker 2: don't I don't get it. You're talking to me like
Speaker 2: you like everybody should know about this, but I don't
Speaker 2: get it. So that's that's how I started. Right, and
Speaker 2: I went to a point that I created animos, and
Speaker 2: I created all kinds of security is labeling in order
Speaker 2: to marry collectibles right with the blockchain, to make them unmutable,
Speaker 2: to make them uncopyable, and to allow anybody that's an artist, organizations, brands,
Speaker 2: enterprises to be able to be able to to marry
Speaker 2: their products to something that will make it uncounterfeitable. Right. Well,
Speaker 2: first I did the animos, like I was saying, we
Speaker 2: call it a house of animos, and then I said,
Speaker 2: you know what, they're gonna copy this for me, So
Speaker 2: I'm going to make it possible for other people to
Speaker 2: be able to do what I'm doing. Right, But that's
Speaker 2: where the idea of composite came. And it comes from.
Speaker 2: The idea is that it's it marries the digital with
Speaker 2: the physical, right, that's why it's a composite. It's a
Speaker 2: composite object really, and we put a key because you
Speaker 2: need to have something unique, right, right, And so that's
Speaker 2: how the idea came to be. I have a brother
Speaker 2: as a genius mathematician and knows about algorithms and mass,
Speaker 2: high mass and stuff like that. And it took about
Speaker 2: two years to develop. The idea was clear, but you
Speaker 2: have to develop the path that will allow a deployment
Speaker 2: worldwide and allow for a very solid project. And that's
Speaker 2: what happened. About a month ago. We finished the paper.
Speaker 2: It's completely readable by layming people except the math, of course,
Speaker 2: and and the idea of blockchain. The idea of a
Speaker 2: composite was that any organization or any person that is
Speaker 2: an artist or even creators can go there, have their
Speaker 2: own node and have a network within a public network.
Speaker 2: Right now, you told me that you want an explanation
Speaker 2: about what blockchain is, and I'm going to give you
Speaker 2: a few definitions so that you you can post, you
Speaker 2: can say, I hear all about it, the buzzwords, crypto, blockchain,
Speaker 2: you know, ethereum binance, what what? What do I care? Right? What?
Speaker 3: You do?
Speaker 2: Need to care? Because this is the revolution. This is
Speaker 2: going to change the world. Okay, So let's start with
Speaker 2: the basic principle of why is it called blockchain? Right?
Speaker 2: Really sick. It means there's a chain of blocks, and
Speaker 2: by blocks, it means a whole bunch of transactions together
Speaker 2: in a block that it says, okay, this is the block.
Speaker 2: That's how many transactions we have. And now we're gonna
Speaker 2: we're gonna make it into part of the chain. And
Speaker 2: what happens is these let's say network, let's call it
Speaker 2: a network, right, decides what the It brings out a
Speaker 2: block that is the final the final number of transactions
Speaker 2: and decides to put it on a chain, and they
Speaker 2: add cryptography at the end of both sides of the
Speaker 2: block so that that amount that information cannot be changed.
Speaker 2: That's what it means. It's a block of productions, okay,
Speaker 2: and it's on a chain. Second word is crypto. Right,
Speaker 2: They use crypto like is money, but really this right,
Speaker 2: it represents so in this let's say network, let's call
Speaker 2: it networks. Ethereum and Bigcoin are the most famous ones.
Speaker 2: We have ripple, we have all kinds of networks. But
Speaker 2: let's just make it simple. Crypto stands as shortening for cryptography, right. Cryptography.
Speaker 2: The idea of cryptography is to to put in codes
Speaker 2: and letters and stuff that has a special key that
Speaker 2: if I send a message like it cannot be deciphered
Speaker 2: by anybody when it's transmitter transmitted, and the and the
Speaker 2: person that receives it can have like a key and
Speaker 2: they can they can decipher the message. It was using
Speaker 2: World War two, you know, between the Allies and the
Speaker 2: Russians and the Russians, Yeah, the Russians and also the Nazis. Right, incredible,
Speaker 2: incredible technology.
Speaker 3: There's been a machine that everybody is you know that
Speaker 3: you see.
Speaker 2: In the movies, and there's a there's a key of
Speaker 2: two hundred and fifty six, a characteristic that is used
Speaker 2: by by Visa and MasterCard and things like that that
Speaker 2: they do it for encryption, but it's also used in
Speaker 2: blockchain where they put it at the end of the block.
Speaker 2: And what that what that happens? How? How is that is?
Speaker 2: Because now that block that is created that is entreped
Speaker 2: between encryption or and together with another block, now it
Speaker 2: cannot be changed. And this is what makes blockchain different. Okay.
Speaker 2: Now there's another term called decentralization. This is a decentralized network.
Speaker 2: What does that mean? Okay, when you have any organization,
Speaker 2: let's say you have Coca Cola, you have the government,
Speaker 2: or you have even your own organization. Right, everybody has
Speaker 2: a central server, right, and from that central server all
Speaker 2: the information flows in and out. Right, it goes in
Speaker 2: and out, and that gives one organization the power of
Speaker 2: changing things or controlling information. Right. And what happens when
Speaker 2: when bitcoin came to be about sixteen years ago, they
Speaker 2: create they created sort of like a program. Let's make
Speaker 2: it simple. They created a program that will allow for
Speaker 2: a network without a central server. Let me explain. They
Speaker 2: made a program that will allow for different computers to
Speaker 2: connect and work together in a process without a centralized
Speaker 2: a control. Let's put it away. And what happened with
Speaker 2: all that blockchain is so this decentralized network is is
Speaker 2: a ledger, as you heard it. It's just something that
Speaker 2: writes information. David owes, No, I'm one hundred dollars, right,
Speaker 2: No one owes his kids twenty dollars, and everybody can
Speaker 2: see it. So if for example, I say I had
Speaker 2: one hundred dollars and I paid one hundred dollars, I
Speaker 2: cannot do the transaction twice. I cannot say I paid
Speaker 2: David one hundred dollars and now I'm going to pay,
Speaker 2: you know, pay Trump. Let's say Trump, I pay one
Speaker 2: hundred dollars. It cannot, you know, because because they will
Speaker 2: verify on the blocks of information that that transaction already happened.
Speaker 2: Everybody can see it, and by consensus of the whole
Speaker 2: when they look at that transaction. They say no, that
Speaker 2: this cannot happen because the information is incorrect or because
Speaker 2: it shows there now.
Speaker 1: And let me jump in here, because we talked about
Speaker 1: cryptography and encryption and things like that, and that has
Speaker 1: been a longstanding definition of the word, and we think
Speaker 1: about things like the Enigma machine that was being used
Speaker 1: by espionage and intelligence agencies to hide information. I think
Speaker 1: that's part of where the confusion comes in. When people
Speaker 1: think that the blockchain is private, they hear the crypto
Speaker 1: stuff and they don't realize that people can still read it.
Speaker 1: They can't change it, but everybody can read it, which
Speaker 1: is what you're just pointing out there. I think that's
Speaker 1: a point of confusion for a lot of people.
Speaker 2: Well, okay, so let me just explain just a little
Speaker 2: bit more so what happens. There's all these nodes that
Speaker 2: have a ledger. They all have the same final ledger,
Speaker 2: which is in a blockchain, the final one, right, the
Speaker 2: ones that everybody approves, and so it made it transparent.
Speaker 2: Everybody could look at the transaction. And by making a
Speaker 2: transparent and immutable meaning that it couldn't be changed, now
Speaker 2: you could build trust between parties that might not have
Speaker 2: trust between each other because the information could not be changed.
Speaker 2: Does that make sense? Example, when you have a bank, right,
Speaker 2: something could happen that maybe they don't have enough money
Speaker 2: in their ledger or whatever, but they don't tell anybody.
Speaker 2: The people that are going in and out, you know,
Speaker 2: doing transactions, they don't know that that bank might not
Speaker 2: be solvent for like, you know, two or three years
Speaker 2: because it's centralized. So this allowed The idea was to
Speaker 2: the idea was to stop the manipulation explanation in bitcoin.
Speaker 2: The idea or the original idea of bitcoin was to
Speaker 2: transfer to transfer value. If I lived in Florida and
Speaker 2: I want to send to a friend in Japan money today,
Speaker 2: I have to go to my bank and I have
Speaker 2: to do a wire changement forty five dollars. He goes
Speaker 2: to my bank, he goes to a to a transitional bank,
Speaker 2: he goes to international bank, then he goes to the
Speaker 2: Chinese I'm sorry, to the Japanese a main bank, then
Speaker 2: to his bank. Three days later, is on his account.
Speaker 2: He still cannot get it because he has to prove
Speaker 2: he's him. He has to show his cards, he has
Speaker 2: social security, maybe even his black type these days. And
Speaker 2: then and then they charge him another forty five dollars
Speaker 2: and it takes another three days just to get it.
Speaker 2: So six days to transfer one hundred dollars, they are
Speaker 2: charging forty five to me, forty five to him. He
Speaker 2: only gets ten dollars. It will still be that ninety
Speaker 2: dollars if you transfer more money. But I'm just giving
Speaker 2: you an example. So the idea of of bitcoin was
Speaker 2: that I have within the network, I have a wallet,
Speaker 2: and I sent him a piece of a bitcoin or
Speaker 2: a big cooin at the time. He gets set within
Speaker 2: a few minutes, and that's said. There's no there's no intermediates,
Speaker 2: there's no government agencies there, there's no bureaucracy. It's done.
Speaker 2: It's simple. And he cuts the middleman and he cuts
Speaker 2: all those fees and he cuts the control. And that
Speaker 2: was the idea when it started, right, and it was
Speaker 2: worth very little. He had games so people can collect
Speaker 2: the bitcoin, right, And then what happened is is the
Speaker 2: manipulators of the stock got involved and start manipulating it
Speaker 2: and start you know, doing you know, like stocks and bonds,
Speaker 2: and it start going up and fluctuating, and it went
Speaker 2: from ten cents to ten to one hundred to one thousand,
Speaker 2: and it has different cycles. And then people instead of
Speaker 2: using it, they started holding onto it. Oh this is
Speaker 2: worth something, so I sho you keep it. So the
Speaker 2: purpose what dicon was designed for stopped being the purpose,
Speaker 2: and now it was just gather, you know, mine create
Speaker 2: These coins, which really are tokens. By the way, Bitcoin,
Speaker 2: ethereum and all the other things are called tokens, are
Speaker 2: exactly that you go to a casino, they give you
Speaker 2: a casino token that says this is one hundred dollars.
Speaker 2: Is the exact same principle. It only supposedly works only
Speaker 2: on that network. Right. The exchanges is what allows you
Speaker 2: to change one for the other. So so the purpose
Speaker 2: that bigcoin it was there to transfer transfer value went
Speaker 2: away and it became value itself. And then the organizations
Speaker 2: and the financial institutions that were supposed to subvert or
Speaker 2: go around started getting into it. Because everybody's into it,
Speaker 2: and now no longer is decentralized, and it's it has
Speaker 2: different centralization points like an exchange. You go now to
Speaker 2: coinbase and you buy it, you put money, you know
Speaker 2: they call it fiat money, regular money, and then have
Speaker 2: to wait six days until you get it you can
Speaker 2: attach it, they do CMYK which they want to know
Speaker 2: all your information. So so at this point, what it
Speaker 2: was created, the purpose of the decentralization, the purpose of blockchain,
Speaker 2: and what become was created has been subverted. Right.
Speaker 1: It's an excellent explanation and I think it's basically I
Speaker 1: haven't read the book yet, but I think it's what
Speaker 1: Roger Veraer was talking about when we talked about hijacking
Speaker 1: or bitcoin, that it was set up as you know,
Speaker 1: transactional thing and as ben hijacked as an asset, and
Speaker 1: you know, as you point out, the big institutions have
Speaker 1: essentially hijacked it and subverted its purpose. And it's an
Speaker 1: excellent explanation of that.
Speaker 2: Yes, the three largest owners of bitcoin, I believe it's
Speaker 2: a Chinese government, the American government, Blackrock.
Speaker 1: Black right, Yeah, so they governed everything, the world government.
Speaker 2: Yes, yes, yes, if you are a public organization. And
Speaker 2: Germany was really stupid selling all the bigcoin they had.
Speaker 2: But so that explains what blockchain is and now. But
Speaker 2: blockchain is sort of like a tool that is a
Speaker 2: multi purpose and crypto and the use for financial is
Speaker 2: just as little sliver of what it can produce the
Speaker 2: idea is to create a decentralized work. Okay, so bigcoin,
Speaker 2: so let's go back. So bigcoin. The purpose of bigcoin
Speaker 2: was to transfer value. Then second network, the aim to
Speaker 2: life was ethereum. Right. There was a guy called Italic
Speaker 2: and he was obsessed with bitcoin. He loved bitcoin. Here
Speaker 2: a magazine about bitcoin. He went to all the things
Speaker 2: when he started, and then he said, why don't we
Speaker 2: use the same network to not just transfer value, but
Speaker 2: transfer work like a contract, like if you do certain things,
Speaker 2: then then because it's so open and it works so well,
Speaker 2: you can get paid or a contract gets done. And
Speaker 2: that's how the contract system started to work. And he
Speaker 2: wrote something he presented and some people invested. It was
Speaker 2: only about fifteen million dollars that he got in he
Speaker 2: I think it was an io. He didn't even give
Speaker 2: any tokens at the time. Its just a promise of
Speaker 2: the token. Right, And they started working on this, and
Speaker 2: that is the second largest network that exists. That is
Speaker 2: that is that is huge. Which it wasn't just for value,
Speaker 2: but it was for transfer of work like if and
Speaker 2: it could be for example in transportation, if I received
Speaker 2: the goods of this, then I payment should happen, right,
Speaker 2: and and the and the theorem network started working. You know,
Speaker 2: it was more all the new people, all the what
Speaker 2: they call us gigs gigs right in the movies and stuff.
Speaker 2: They were all excited and nobody else was right. And
Speaker 2: then what happened is is there was a big like
Speaker 2: a clog on the system when Crypto Kittys came out
Speaker 2: it's in Canada. There was there was this the calling
Speaker 2: fts where you see when you see different character is
Speaker 2: little little kid is we're not going to go onto
Speaker 2: that because that's a little long explanation. But this organization
Speaker 2: so many people wanted it that when they they needed
Speaker 2: to transact on the ethereal network, where the contract was okay,
Speaker 2: I give you this image and this number and you
Speaker 2: give me ethereum, right, so many transactions needed to happen
Speaker 2: that it delayed a system for six minutes, and it
Speaker 2: cleated a glott on the market, and it made the
Speaker 2: price of the transaction go up, right, which made them
Speaker 2: realize that the network was not productive or stable when
Speaker 2: these glots happened. Right. Eventually they started, you know, many
Speaker 2: years later, they creating Ethereum two point zero, which now
Speaker 2: they have sixty four sixty four different networks. Working is
Speaker 2: still finite. But the problems of blockchain in general is
Speaker 2: that they can only produce one block at a time,
Speaker 2: no matter how many nodes you have and how much
Speaker 2: work is happening, only one no, no one note I
Speaker 2: mean one block, yes, one block at the end is
Speaker 2: what they produce. They're all competing against each other, right,
Speaker 2: and whoever gets that first gets paid, so all other
Speaker 2: like for example, bitcoin has sixty five thousand notes about right,
Speaker 2: all of them are competing to make a block. Only
Speaker 2: one block at the time comes out, so only one
Speaker 2: node wins and gets paid. All the other energy too,
Speaker 2: and all the other work done by the other ones
Speaker 2: is wasted. That's what they say. They weigh so much
Speaker 2: electricity and energy because it's an arcane system created to
Speaker 2: bypass the financial institutions that has grown, and it wasn't
Speaker 2: designed for huge growth. It is not designed to take
Speaker 2: the transactions of the world. And that's what I mean
Speaker 2: by Web two. Web two is all the other regular
Speaker 2: businesses that are in the internet, because everybody's on the
Speaker 2: internet these days and they have an organization. But blockchain
Speaker 2: cannot take those transactions or those contracts or usage because
Speaker 2: the transactional process is too expensive. So the next thing happens,
Speaker 2: and that's called layer one. It's layer one because it's
Speaker 2: the basic blockchain. The companies come and they created a
Speaker 2: layer two right where they use the basic network and
Speaker 2: they sold issues that that network has. But in a
Speaker 2: layer two a problem example. I'm not going to talk
Speaker 2: about companies right because I'm not shilling other people. But
Speaker 2: the point is that let's say that a transaction in
Speaker 2: theoereum has gone to six hundred dollars for one transaction.
Speaker 2: Let's just say that happens, and nobody wants to do
Speaker 2: a contract for an exchange in something cost thirty dollars,
Speaker 2: you know, ownership or whatever for a six hundred dollars price.
Speaker 2: It's stupid. So it's counterintuitive. So what the second layer
Speaker 2: does is they they say, okay, come and do what
Speaker 2: transactions with us were called blah blah, right whatever, and
Speaker 2: we'll take a thousand transactions, or we'll take two thousand
Speaker 2: or five thousand, and then only then do we will
Speaker 2: put that as a transaction on the blockchain. So you
Speaker 2: divide six hundred by five thousand or whatever. So the
Speaker 2: transactional cost costs smaller fraction fraction its fraction fractionalizing it. Right.
Speaker 2: And but the real issue is that it has a
Speaker 2: basic problem. The blockchains have a problem of app of scalability, security,
Speaker 2: and price. Okay, it cannot be used by the regular folk.
Speaker 2: And by not being able to use by the regular
Speaker 2: folk enterprises, organizations, libraries, the d m vs, or whatever
Speaker 2: the case may be, it defeats the purpose of using
Speaker 2: decentralized computing to solve different issues. So here his composite
Speaker 2: camp comes. Composite will allow in its first stage to
Speaker 2: have three million notes. It's scalability and change of how
Speaker 2: how we're going to change the paradigm. How it works
Speaker 2: is each cycle will not just give you one block. Example,
Speaker 2: you have bitcoin, they're all as saying the next bitcoin, right,
Speaker 2: and sixty five different sixty five thousand different notes are
Speaker 2: competing against each other. This is the most This is
Speaker 2: the most inefficient computer in the world. It is the
Speaker 2: paradigm of inefficiency. Right. And the second paradigm is that
Speaker 2: whenever there's a glot for transactions, the price goes up
Speaker 2: dramatically because the purpose of that is because supply and demand.
Speaker 2: But really the purpose is to have people remove transactions
Speaker 2: so they can actually do the transactions that they can
Speaker 2: actually afford to do. Now, so we solve this in
Speaker 2: two ways. Okay, Number one, when we have all our nodes,
Speaker 2: we're going to have a node, which is going to
Speaker 2: call a clerk note that will separate and do pre
Speaker 2: we call it proto blogs that will give a transactions
Speaker 2: to do to different groups we call courts within the blockchain.
Speaker 2: So the blockchain, if he has let's say ten thousand
Speaker 2: notes that are very fine notes, and we have let's
Speaker 2: say one thousand transactions or the sort, we can separate
Speaker 2: them into ten ten chords of a thousand notes, let's say,
Speaker 2: for example, right, and each court will will actually verify
Speaker 2: a block, so it will divide the work between and
Speaker 2: everybody will be working and everybody will will actually get again,
Speaker 2: everybody has a note will actually get paid, and it
Speaker 2: will divide the work intelligently. Now, they say, but that
Speaker 2: can be attacked security wise, It's true. But we we
Speaker 2: devise a node chaotic algorithm sequence that nobody will know
Speaker 2: who is going to be a where they're going to
Speaker 2: be a wine when they're going to be with mathematics
Speaker 2: and algorithmstuff like that. But we change that. At that point,
Speaker 2: we change the paradigm that all the work needs to
Speaker 2: work on one piece of work, right, so everybody will
Speaker 2: be productive. So the result at the end, right will
Speaker 2: be at one point you can have one block, the
Speaker 2: next block and the change could be ten blocks, the
Speaker 2: next one could be seventy five, it could be three.
Speaker 2: So it will be dynamic. It will work horizontally and vertically,
Speaker 2: and at that point you resolve the problem of the
Speaker 2: block of the productivity. Now what will happen. What are
Speaker 2: we going to do in our block when we have
Speaker 2: too many transactions and not enough notes. We're going to
Speaker 2: do something that is counterintuitive. We're going to lower the
Speaker 2: price of transactions, right, so the notes are going to
Speaker 2: get less money for transacting, and we're going to encourage
Speaker 2: them to put more notes. Because the notes that you
Speaker 2: need for our network is any computer. Anybody with a
Speaker 2: computer can have a node. Because the idea is that
Speaker 2: we want to add more processing power to the decentralized blockchain,
Speaker 2: want them to be able to We want to make
Speaker 2: the biggest, hugest computer in the world available for different people.
Speaker 2: Fractionally doesn't make any sense. So so by by lowering
Speaker 2: the price of transaction, it will increase the amount of it. Now,
Speaker 2: if I have two notes and I'm making half the price,
Speaker 2: I'm going to put two more. I'll put my other computer,
Speaker 2: my wife's computer, my older and then what will happen.
Speaker 2: It will my amount of money I'm making will be
Speaker 2: the same. And what will happen is will increase the
Speaker 2: amount of nodes and then and then by proportion it
Speaker 2: will be you'll have much more capacity. And that that
Speaker 2: is the moment. At that moment is when you need
Speaker 2: to increase your capacity. So we do it, and and
Speaker 2: more people are going to want to transact because it's cheaper.
Speaker 2: And then when this increases there and there's and proportionally
Speaker 2: there's there's less transactions than the notes available. The price
Speaker 2: goes up again. So everybody that increased their notes now
Speaker 2: are going to again. They're double, they double the notes,
Speaker 2: and now it doubles a know, I don't know if
Speaker 2: it's gonna double, but it will increase back to the
Speaker 2: original price. And now we have made the network grow.
Speaker 2: So those are the moments of pain that we decided
Speaker 2: to change how things work in order to grow the network.
Speaker 2: Because in order to grow to three million notes, you know,
Speaker 2: it's it. You have to you have to do it somehow,
Speaker 2: and that way we don't lose the customers saying, oh,
Speaker 2: this is a crappy network. It takes twenty minutes and
Speaker 2: it charges four hundred dollars. No, no, no, this is
Speaker 2: fast and it's cheaper. And that's how we will grow
Speaker 2: the network. And what will happen when you have three
Speaker 2: million notes using the token, it will become the biggest
Speaker 2: amount of people dealing with this token, So it will
Speaker 2: be the most used token in the world. Will it
Speaker 2: will basically eat all the other networks up and whoever
Speaker 2: owns that token from the beginning will will be part
Speaker 2: of and we call it that this centralized economy. And
Speaker 2: ideally we want to make that token that it can
Speaker 2: be used for anything. Right, we would like to have
Speaker 2: notes that like louivipone wants to do a node in
Speaker 2: the network, they will be able to have their network
Speaker 2: that they control right within the public network, and they
Speaker 2: will be more transparent, but they will also be able
Speaker 2: to protect their products better. I give you an example, okay,
Speaker 2: really simple example. I created these characters care Unimus. Right,
Speaker 2: that's how the principles started. Then I go and I
Speaker 2: make I make like a pin or a charm. This
Speaker 2: is just for kids. I made it for kids. Right,
Speaker 2: this is this is like a little right, and I
Speaker 2: put it in a package. I put it in a package.
Speaker 2: And then and then I put a label. We call
Speaker 2: it a k link, not a label. But this is
Speaker 2: going to be stuck to it. It's going to be metallic. Right.
Speaker 2: It's security. I studied how money is made just to
Speaker 2: to do animals. Right. You have average security. You have
Speaker 2: to use like infra infra in from Uili. You have
Speaker 2: hologram security. There's a thing called intag leo. Right, will
Speaker 2: have what they use in one hundred dollars bill where
Speaker 2: this changes color. Right, it's only done with security. And
Speaker 2: and and then when it goes through the process, it
Speaker 2: will print a cure code. Can you see that there?
Speaker 2: Can you see that? You're okay? Now, when we make this,
Speaker 2: that is when this this will become married to the blockchain.
Speaker 2: Let's say this is in a package. Right, somebody has
Speaker 2: it because that has we call it n FT today. Right,
Speaker 2: but it will be married to this and this will
Speaker 2: be unique and it will be under ownership in the blockchain. Right,
Speaker 2: because everybody will know we make it born. If we
Speaker 2: do the transaction, it shows on the block and it
Speaker 2: says it belongs to the House of Animals. Now, when
Speaker 2: a customer buys it and they buy let's say five
Speaker 2: of them, right, and they buy it and they get it.
Speaker 2: When they go in their app and they go CLICKI,
Speaker 2: you know, click clickie, they transfer ownership to them. Now
Speaker 2: by doing that, it changes completely the paradlegm of of
Speaker 2: of ownership because now you own it as a physical object,
Speaker 2: and you own it as in the blockchain of digital
Speaker 2: let's call it a title and also digital form. Right,
Speaker 2: and and now I can prove that it's mine. I
Speaker 2: can show the provenance. If I sell it to someone else, right,
Speaker 2: it goes to the parent company because they verify it.
Speaker 2: And what happens now is when somebody has a bag
Speaker 2: or a hat or something and somebody wants to own it,
Speaker 2: they just have to go on there on on the
Speaker 2: enterprise company like app and they click on it. They
Speaker 2: can prove that they are the owner and counterfeit. At
Speaker 2: that moment, because the buyer becomes the inspector, it becomes absolete.
Speaker 3: Does that make sense?
Speaker 1: Yeah, that is that's interesting kind of when's the physical
Speaker 1: world to NFTs or something in a sense.
Speaker 2: Right exactly, we were creating this before and if this
Speaker 2: came to be, but then that was the brilliant solution.
Speaker 2: So what happens now companies will come into composit will
Speaker 2: be able to create all of their products, whether it's
Speaker 2: for distribution, to show how it goes from the factory
Speaker 2: to the right distributor, or how it goes from from farm.
Speaker 2: You know, people that are organic, they want to see
Speaker 2: which farming comes from to your table, whether you have
Speaker 2: a phone and all the parts have a link to
Speaker 2: that and you and then and then you say, can
Speaker 2: see how all of the spot how much they cost.
Speaker 2: So when somebody over one hundred dollars, they say, hey,
Speaker 2: I have here three hundred dollars worth of parts, it
Speaker 2: can be that precise. And each in each enterprise that
Speaker 2: wants to be part of the blockchain will be able
Speaker 2: to control all of the items and products or whatever
Speaker 2: services they are and they will be using the public
Speaker 2: blockchain the process that you understand, because that's really what
Speaker 2: it is. And everybody gets paid in tokens back and forth,
Speaker 2: back and forth. So what will happen will become the
Speaker 2: biggest transactional blockchain in the world. It will change, It
Speaker 2: will change the world as we know it because it
Speaker 2: is the next step of the Internet. Where you get counterfeited,
Speaker 2: you get you get a scam, you get all kinds
Speaker 2: of things.
Speaker 1: And of course the counterfeiting and stealing intellectual property that's
Speaker 1: always been a big part of the China price. And
Speaker 1: you know, you have situations where people will set up
Speaker 1: a factory there, uh and they will uh, they will counterfeit.
Speaker 3: Let's say a brake pad.
Speaker 1: That was one that was a pretty famous example I saw,
Speaker 1: and they they replicated everything about it. I mean, you
Speaker 1: could not even the people that the original owners of
Speaker 1: and the people who designed this thing. They can look
Speaker 1: at the package and it's a knockoff that is absolutely perfect,
Speaker 1: except for the fact that the brake pad is like
Speaker 1: making out of paper instead of other So when what
Speaker 1: happens and somebody puts it in, they think they're getting
Speaker 1: an original part and they get some cheap imitation and
Speaker 1: somebody has an accident because the brake part is not
Speaker 1: a real break and it's effective, then the other company
Speaker 1: would even get sued.
Speaker 3: You know, So I can say.
Speaker 1: Do something like that in order to verify that their
Speaker 1: stuff was genuine because counterfeiting has become so sophisticated.
Speaker 2: It's that happened to me, That happened to me. I
Speaker 2: told you at the beginning of our podcast. I'm an inventor,
Speaker 2: I'm a producer. I've made dozens of products that have
Speaker 2: been on stores. A company, even your own factories, will
Speaker 2: take your product, your label and sell it bootlegged from
Speaker 2: the back, or they will take your formulas and they
Speaker 2: will put another label and sell it to your competitor.
Speaker 2: They have no scruples. And for them, it's for them,
Speaker 2: it's stupid not to do it. Why not, it's business.
Speaker 2: But when it happens to them, then they don't like it.
Speaker 2: As a matter of fact, I believe there's a law
Speaker 2: in China that if they are they forced citizens to
Speaker 2: steal intellectual property. Wow, that's how China advances technologically because
Speaker 2: of intellectual property stolen an industry. It's called it's called
Speaker 2: the company espionage.
Speaker 1: And so it's a pocracy. It's not a communist country.
Speaker 1: It's just a cleptocracy.
Speaker 2: Well, you know, they might not ever sell to me
Speaker 2: again telling you this thing, right, but but but that
Speaker 2: is the problem. We use China as them as as
Speaker 2: the capital or the country to do production, because truly
Speaker 2: it is much cheaper. Right. And when when they wanted
Speaker 2: to make one world ideas that they wanted to make
Speaker 2: one world government, right, and let's not get started on
Speaker 2: that complete other podcasts, they wanted to have no barriers.
Speaker 2: So they they they they want you to produce this
Speaker 2: in China, sell it in America, have great amount of profitability.
Speaker 2: And they started taking industry and companies out of America
Speaker 2: because and and nobody cares sort of, right, why do
Speaker 2: we want to deal with America There the workers are
Speaker 2: a piece of crab. Let's just send it to China
Speaker 2: and we sell it to them, right, And that's what's
Speaker 2: been happening for decades. But it is affecting the big companies,
Speaker 2: is affecting the little companies.
Speaker 3: Do you know?
Speaker 2: The counterfeiting is about one point eight trillion dollars a
Speaker 2: year and it affects everybody because it makes prices higher.
Speaker 2: And people like you say, they buy a prede card.
Speaker 2: That is bad. But what about when when when when
Speaker 2: some of the products inside here could be counterfeited? What
Speaker 2: about if you have works of art or or or
Speaker 2: well intellectual property is not a problem. It's everywhere from
Speaker 2: from health, from pharmaceuticals all the way down to ninety
Speaker 2: nine cent dollar products. Right, you will bring a product
Speaker 2: to them to manufacture. Next thing, you know, they have
Speaker 2: your sample in a trade show in Germany that you
Speaker 2: can do this, right, that's.
Speaker 1: Right, And it's all going to get worse because it's
Speaker 1: not just you know that, it's not just the counterfeiting
Speaker 1: and everything and the currency manipulation. But of course they're
Speaker 1: being given a huge advantage in terms of energy costs,
Speaker 1: and so all manufacturing is going to continue to go
Speaker 1: to China unless they address some of these fundamental things.
Speaker 1: And there's nobody even talking about addressing those fun thanks. Well,
Speaker 1: so it's going to be an issue of you know,
Speaker 1: manufacturing is going to happen in China. You got to
Speaker 1: find a way to push back against that counterfeiting.
Speaker 2: I've been in China almost forty five times throughout my career, Okay,
Speaker 2: I used to go do it twice or three times
Speaker 2: a year, and I was marveled by how something came
Speaker 2: and then he got adopted nationwide, like like he was
Speaker 2: there for hundreds of years. Right. So, but one of
Speaker 2: the things that I noticed that China government died, which
Speaker 2: I thought was good for them us. Right, was that
Speaker 2: when they found an industry that they wanted to make
Speaker 2: sure you did well and somebody could do it, they
Speaker 2: will give them the money and they will give them
Speaker 2: the research. Wink, wink. You understand what I'm saying, right.
Speaker 3: Right, here's the plans. Here's exactly to do this.
Speaker 2: Now, I'll give you a perfect example that I know happens.
Speaker 2: Do you know that cleaning pad that is called the
Speaker 2: magic eraser? Yeah, thing, okay, it's made of melea mind.
Speaker 2: It originally came from Germany. And the reason is like
Speaker 2: that is because it was used as a fire retardant
Speaker 2: in construction, because no far can go through. Right about
Speaker 2: more than twenty years ago, I think I remember I
Speaker 2: was doing a carpet cleaner. I used to sell in
Speaker 2: fairs and exhibitions and stuff like that. I told you
Speaker 2: I was a thinker. And this customer of mind that
Speaker 2: was from Korea brought this before the magic eraser. Existence said, oh,
Speaker 2: this is great for cleaning, and this and the other
Speaker 2: showed them to me. It's amazing, and there was sent
Speaker 2: on the dollar. Right, there was the whole container he
Speaker 2: brought it from career, right, The careers were buying them
Speaker 2: from Germany, saying that it was for construction. They were
Speaker 2: taking the big buns. Did I froze? It looks like
Speaker 2: a froze.
Speaker 3: Can you hear that? You did it? Phraeze? I still
Speaker 3: got you though, Yeah, you're back in your back.
Speaker 2: So the big buns, like they look like huge buns.
Speaker 2: They cut them in pieces, right, And because construction was
Speaker 2: so cheap, and they would sell them for ten cents,
Speaker 2: and anybody could sell it for a dollar, right. And
Speaker 2: then the Germans caught up to they said, hey, you
Speaker 2: cannot do that, right. So what we're going to do
Speaker 2: now is we're going to do a great color one,
Speaker 2: a great color one for construction, and the white one.
Speaker 2: We made a deal with Procter and Gamble or whoever.
Speaker 2: They're going to sell those paths. Right. And then and
Speaker 2: then for a while you see in the black market
Speaker 2: the Great Paths being salt for Cleveland as well. Anyway,
Speaker 2: now ten years go by Chinese trying to copy it,
Speaker 2: and the sponge that they have is full of bubbles
Speaker 2: and he doesn't clean as well, and it falls apart. Right,
Speaker 2: I mean, this is a this is a great product
Speaker 2: to sell because it has it can it gets destroyed
Speaker 2: as you clean it, and you have to buy it's
Speaker 2: the perfect right.
Speaker 1: There's a planned obsolescence right there. Yeah, exactly as was looking.
Speaker 2: So so then what happens is China from one day
Speaker 2: to another they had the perfect sponge and it was
Speaker 2: like the German one. And and that only happened. And
Speaker 2: I'm telling you only happened because because of corporate espionage.
Speaker 2: Does that does that make sense?
Speaker 3: Yeah? Absolutely?
Speaker 2: And my camera there we go there, we're back with
Speaker 2: this camera. Maybe this camera is Chinese and it's going
Speaker 2: against me anyway. So so but do you see what
Speaker 2: I'm saying. So, so that's.
Speaker 3: How they found the plant, that's right. We just thought
Speaker 3: of that overnight. Why I'm thinking that before.
Speaker 2: Oh, TikTok, it must be TikTok. It must be TikTok,
Speaker 2: that's right anyway, So so that is it's built upon them.
Speaker 2: They use other people's r indeed to improve the products
Speaker 2: that they are doing that other people want to buy.
Speaker 2: And a third world country or a country in the
Speaker 2: Middle East will buy their sponges which are half a
Speaker 2: one third of the price, and it serves a purpose. Right,
Speaker 2: But enough is enough? Right? This this mega, mega machine
Speaker 2: that eats upp entrepreneurs and innovation and research and development
Speaker 2: and patents and an ingenuity enough right, Enough the artists,
Speaker 2: the entrepreneurs, the creators, that innovators, that companies spend billions
Speaker 2: on dollars on research and development, now have an opportunity
Speaker 2: to be part of composite, have their own node and
Speaker 2: have all of their customers be within their network. Right,
Speaker 2: they are part of the network, and every product can
Speaker 2: be proven. And I'll show you how effective this is.
Speaker 2: You know, my wife likes Revis Okay, whose wife doesn't? Right?
Speaker 2: And there's all kinds of of bags. Hermits is the
Speaker 2: most de pensive one. They're absolutely that's how they sell.
Speaker 2: But it's all about status, right. I have my Louisiton back, right,
Speaker 2: and so so imagine if a Louisiton bag had a
Speaker 2: a security link within it that shows that that back
Speaker 2: is original and it belongs to the person. Now she
Speaker 2: wants to sell it, right or people see it right
Speaker 2: and they can go with their phone and do click
Speaker 2: and it shows it belongs to her. It gives a
Speaker 2: recognition if she bought a second hand because the problem
Speaker 2: in The second hand business is where the most counterfeit happens. Right,
Speaker 2: you go to eBay, you want to buy a second
Speaker 2: hand bag. It looks just as good. You think it's good,
Speaker 2: it's a great price. You buy it. Boom, you get it.
Speaker 2: You want to fix it. In the story say this
Speaker 2: is counterfeited. You are a thief, right, that's what they
Speaker 2: will say to you. But you didn't know that. But
Speaker 2: imagine now you have a label and the company said,
Speaker 2: like Louisiton, can you they have a very fine note
Speaker 2: on the network and you want to sell it. You
Speaker 2: don't use eBay. You use to use Vton's secondary market.
Speaker 2: Now because it's on the blockchain. They can make money
Speaker 2: because it's we're on the code in every transaction of
Speaker 2: that product for the rest of the life of that product.
Speaker 2: So I can use livy toone to put it on
Speaker 2: the market. Somebody buys a second hand one is cheaper.
Speaker 2: It doesn't matter, right, the Livton is the one that
Speaker 2: verifies as the correct bag the transaction transfer. That's how
Speaker 2: they become like a sort of like an xcro company.
Speaker 2: It doesn't matter they're losing. Have have maybe one hundred
Speaker 2: billion dollars on transactions on the secondary market. Now they
Speaker 2: get twenty twenty five percent of that. So what happens
Speaker 2: is the customer. Now, the customers protect the brand and
Speaker 2: they become the counterfeit experts and they defend it. And
Speaker 2: what happens somebody buys a counterfeit now that wants to
Speaker 2: show that they have the bag, knows that other people
Speaker 2: are going to see that that's not real. So now
Speaker 2: it forces and it takes away the demand for counterfeit books.
Speaker 2: Does that make any sense? Oh?
Speaker 3: Yeah, absolutely, that's a great idea.
Speaker 1: That is Sorry, no, I think in your example there
Speaker 1: the fact that the people who have been defrauded with
Speaker 1: the counterfeiting that's going out there, not only did they
Speaker 1: have a way to stop that, but they also have
Speaker 1: some ways, as part of the confirmation networked to get
Speaker 1: some small fee off of each of these transactions.
Speaker 3: I think it's a great idea.
Speaker 2: It's a small fee for the seller, but it's a
Speaker 2: huge fee for the brand because now he has a
Speaker 2: new revenue stream that he didn't expect, that he'd missed.
Speaker 2: Is a revenue stream that is in the billions of
Speaker 2: dollars for let's say luxury goods. But what about look
Speaker 2: Let's take another example. Do you know the Ferrari in
Speaker 2: nineteen's let's say seventy nine, right, I don't know the
Speaker 2: exactly I'm I'm just paraphrasing here. Just understand, I don't
Speaker 2: know which is the year, but I remember seeing at
Speaker 2: one point that one of the years show that Ferrari
Speaker 2: made one hundred or two hundred cars. But if you
Speaker 2: look at how many cars are listed for that year,
Speaker 2: the five hundred cars, right. So it can be applied
Speaker 2: for the DMV. The DMV could use the system, have
Speaker 2: its own node and produce driver's licenses. It could be
Speaker 2: applied for food verification that is really organic and who
Speaker 2: it really came from. It could be applied for like example, honey. Right,
Speaker 2: we all try to be a little more healthy, and
Speaker 2: supposedly honey is better than sugar and all these other
Speaker 2: sugar additives. But do you know that honey when it
Speaker 2: comes from from abroad, they sometimes put the syrup on it,
Speaker 2: and they mix it up with sugar and and they
Speaker 2: mix it and blended. And that's why. What about? So
Speaker 2: what about if you can verify that you are getting
Speaker 2: the right thing. It is applicable to everything. But what's more,
Speaker 2: important the network scalability can grow without affecting the security
Speaker 2: of the transaction and the block and that's what composite does.
Speaker 2: I'm trying to make it real to regular people because
Speaker 2: it says, what the hell does blockchain gonna affect me? Well, listen,
Speaker 2: in ten years, every transaction will be through blockchain. Ai
Speaker 2: oh ai. What about if somebody takes your image? You've
Speaker 2: been having how many videos online? You have?
Speaker 3: No, I don't know. I've been doing this for years.
Speaker 3: I don't know, I have no idea.
Speaker 2: Okay, let's imagine somebody takes one of your videos, takes
Speaker 2: your face right, and then puts it on the in
Speaker 2: the next I don't know, terrorist attack, right, and there
Speaker 2: shows you in or saying something unthinkable, right, or doing
Speaker 2: something unthinkable, and they and they say, unless you pay
Speaker 2: me a million dollars or three hundred thousand dollars, we're
Speaker 2: going to publish this, and you're going to be on
Speaker 2: on You're going to be on you know, on jail,
Speaker 2: or you're going to be you're not to be able
Speaker 2: to be online anymore.
Speaker 3: Right.
Speaker 2: So in composite, we also want this technology of authentication
Speaker 2: that can go right on the image or on the
Speaker 2: code of a person of a video or or voice music,
Speaker 2: let's say, or a contract and that way, whatever videos
Speaker 2: you take out you say this is me right, and
Speaker 2: whatever videos it's not you, now you can say it's
Speaker 2: veri FI or is not verify. Imagine if now.
Speaker 1: That's going to be a big problem because it's gotten
Speaker 1: so good and so quickly. It's it's advancing that people
Speaker 1: are going to be able to tell fakes from the
Speaker 1: real thing. It's happening where you're talking about voice or
Speaker 1: image or people moving and all the rest of stuff.
Speaker 3: Anything can be faked.
Speaker 2: Yeah, I mean it happened like ten years ago. They
Speaker 2: had Morgan three man a system you know, saying you
Speaker 2: should turn right, or you should turn left or whatever. Right,
Speaker 2: do you know what I'm saying? Right, So, so it's applicable.
Speaker 2: And what's wonderful is that is at the beginning stages
Speaker 2: and what's happening here David, is that we were going
Speaker 2: to make a foundation this. I'm making this into a
Speaker 2: foundation because it's the way if you don't do it
Speaker 2: for profit, it works better because you don't get attack
Speaker 2: as match. And we were going to do a foundation
Speaker 2: in Zach, Switzerland, which is what Ethereum did. Right, then
Speaker 2: we were going to deploy it internationally and then the
Speaker 2: US could have been involved with it because no longer
Speaker 2: it's centralized. Because when you start a blockchain, it's centralized.
Speaker 2: You need a body that creates the programming, deployees it,
Speaker 2: and controls it and then you let it run. Right.
Speaker 2: And so what we're looking for is to do it
Speaker 2: here in the US. We would like to do this
Speaker 2: blockchain in the US. Enough enough bringing technology and work
Speaker 2: outside of the US. It should be here. We we
Speaker 2: should be it should be great. And why not, right?
Speaker 2: And so we we want more clarity. When Trump said
Speaker 2: that he will do no capital gain taxes in any
Speaker 2: blockchain products that are done here, right, what does that mean?
Speaker 2: What does that mean? Can I do a foundation and
Speaker 2: then do an I t O? Because in order to
Speaker 2: start a blockchain, you do a thing called an initial
Speaker 2: token offering, right, You do tokens at a discount that
Speaker 2: brings money in, and so you can do development.
Speaker 3: Right.
Speaker 2: But the problem that when you did that in the US,
Speaker 2: when all started with blockchain, the SEC came and said no, no, no, no, no, no,
Speaker 2: this is not a blockchain, this is a security because
Speaker 2: you're asking money for something that is going to go
Speaker 2: up in price. Does that make sense?
Speaker 1: So, and looks like that's going to be a lot
Speaker 1: of lot of deregulation, they said, let me ask you
Speaker 1: this though. You know, we're talking about being distributed and
Speaker 1: having millions of notes there. This is something that's going
Speaker 1: to run on people's personal computers. Are going to be
Speaker 1: an app or something that people are download.
Speaker 2: It's gonna be, it's gonna be. It's gonna be. They
Speaker 2: call it a client, but let's call it like app.
Speaker 2: Is a program running using the processing power when the
Speaker 2: computer is not being used for transactions for processing.
Speaker 1: Basically, so people will be able to do kind of
Speaker 1: as their computer is idle, they would be able to
Speaker 1: do a little bit of in a sense kind of
Speaker 1: like mining essentially essentially in a distributed way.
Speaker 2: Yes, exactly. Well, the different with mining in bigcoin is
Speaker 2: that they're doing a process where they're trying to get
Speaker 2: In order to make a coin, you have to find
Speaker 2: a prime number. A prime number is a number that
Speaker 2: it can be divided by itself and by one. I think, yes,
Speaker 2: so it started as one, three, five, seven. That's really easy.
Speaker 2: That's why the Satoshi he has the first million or
Speaker 2: two million numbers in his account, he's never used them,
Speaker 2: right because hes But what happens is the numbers become
Speaker 2: bigger and bigger and bigger, and eventually they're the size
Speaker 2: of a twenty story building. And in order to find
Speaker 2: the you need a lot of processing power. So that's
Speaker 2: what binding is called in that case.
Speaker 3: Right.
Speaker 2: And also you have transactions where you change transactions. That's
Speaker 2: another way that the miners make money. But in this case,
Speaker 2: the purpose of the composite node is to do transactions
Speaker 2: of work for the world. Right. If a company wants
Speaker 2: to transfer ownership of this or wants to ship that
Speaker 2: or the other, then the processing power will happen within
Speaker 2: other nodes. So it's basically the computer grows, or the
Speaker 2: capacity grows, or the productivity grows as more nodes get
Speaker 2: involved and more computers, so it will become like the
Speaker 2: largest decentralized computer where you can access to do work
Speaker 2: and it will be paid with tokens within the network.
Speaker 2: So what will happen at some times, Oh great, that's
Speaker 2: a great picture of me. What will happen is that
Speaker 2: someone that maybe lives in the Appalachian Mountains and has
Speaker 2: you know, has an iPad and has a computer and
Speaker 2: has I don't know, some something goes on the TV,
Speaker 2: it goes to work, and he could put those items
Speaker 2: or computer chips to work and get pating tokens. And
Speaker 2: the idea is that those tokens could be used for anything. Eventually,
Speaker 2: the supermarket will have its own note and you can
Speaker 2: come with a token and buy milk or coffee or
Speaker 2: whatever the case may be, or you can pay someone else,
Speaker 2: but it could be used as something that is working
Speaker 2: for you. Right, And if you get early on the system,
Speaker 2: you can collect more tokens, and as they go up
Speaker 2: in value, we're going to try not to make them
Speaker 2: go to one hundred thousand dollars. I'm sorry, but it's
Speaker 2: impossible to make a utilitarian that way. But then what
Speaker 2: will happen is it will allow you to it will
Speaker 2: allow you to gain some when when life doesn't seem fair. Well,
Speaker 2: all you have to do is you can use those computers,
Speaker 2: that computer processing power and add it to the network.
Speaker 2: And that's that's what we want. We want everybody to
Speaker 2: make money. We want that the people have knows to
Speaker 2: make money. When the people that that at the beginning,
Speaker 2: they get tokens and the io to make money. We
Speaker 2: want the enterprises to be part of it and definitely
Speaker 2: control and not lose so much money. And and hey,
Speaker 2: if governmental agencies want to get involved and use it
Speaker 2: as well, it's great because it adds transparency. You understand
Speaker 2: that it shows that they're not so close and not
Speaker 2: showing everything, and it gives people more trust. It allows
Speaker 2: to give more trust because it's a little bit more transparent.
Speaker 3: That's a great idea.
Speaker 1: People get a chance to make some money there, but
Speaker 1: the key thing is coming against the fraud that is
Speaker 1: just so rampant everywhere. That's a great idea. So you're
Speaker 1: setting up a composite dot organs where people can go
Speaker 1: to learn more about it and follow your progress us right,
Speaker 1: and you're kind of looking for some more clarity to
Speaker 1: see what's going only going to happen with the Trump
Speaker 1: administration that made a lot of talk about the regulation
Speaker 1: of crypto, So looking to see exactly where those are going,
Speaker 1: where those lines are going to fall, but.
Speaker 2: Actually can introject something. I got the number from David Sash,
Speaker 2: which is going to be the crypto the blockchain ai
Speaker 2: SR and I did call him and I did send
Speaker 2: an email. I would like some clarity because I don't
Speaker 2: want to take this to Switzerland and not give it
Speaker 2: access to Americans. I think Americans deserve to make tons
Speaker 2: of money, and this network is going to be the
Speaker 2: largest network in the world, and it should be American.
Speaker 2: It's it's what I think it should and I would
Speaker 2: like I would like help on this because nobody's giving
Speaker 2: me any answers. And this is going to continue. But
Speaker 2: if I have to take it to Switzerland, I will
Speaker 2: because because it's still it's going to be able to use.
Speaker 2: One is deployed. One is deployed. But but most people
Speaker 2: gain when they get early on at the onset of something.
Speaker 2: You know, if you will, if we all have bought
Speaker 2: Bigcoin when it was ten dollars, just a thousand dollars,
Speaker 2: we'll be billionaires.
Speaker 3: Right right, that's right. A lot of people like that.
Speaker 2: Yeah yeah, yeah, so so so they can go into
Speaker 2: my my I have handles. I am in LinkedIn. I'm
Speaker 2: sure you're going to hopefully you show on the Showsky
Speaker 2: I mean in so LinkedIn for business. I have X
Speaker 2: for conspiracy theories, which I'm one of them, and that's fine.
Speaker 2: I have Instagram as well. Right, if you want to
Speaker 2: contact me, my email is really simple, my first name,
Speaker 2: NOAHM N O A M.
Speaker 3: It's all that stuff on composite dot org or exactly.
Speaker 1: Well, grab some of that and we'll put it in
Speaker 1: the video so that people have I appreciate.
Speaker 2: I appreciate that because anybody can contact me, people that
Speaker 2: would like to be minors, people that will to be
Speaker 2: part of this, even developers and the developing people that
Speaker 2: are good developers, right, even they get paid four hundred
Speaker 2: thousand dollars a year. If you If any developer gets
Speaker 2: in the initial part of a blockchain project, they get
Speaker 2: paid in tokens and they become millionaires. Most developers that
Speaker 2: start in a project become multimi millionaires and then they
Speaker 2: become investors.
Speaker 1: You know, well, it sounds like a great idea, and
Speaker 1: certainly I sympathize with you having seen how your work
Speaker 1: was stolen, and it's a great solution to keep other
Speaker 1: people's work from being stolen. Thank you so much. No,
Speaker 1: M Krannienski, is that correct? Is I get close?
Speaker 2: Let me fascinate and ski. But you chopped it up nicely. Okay,
Speaker 2: you chopped it up nicely.
Speaker 1: After practice A little bit more today I got kind
Speaker 1: of close on the Canadian prime minister's name, so or
Speaker 1: Conservative party leader's name, I should say, uh, so we
Speaker 1: work at these times. So no, not not Trudeau, but
Speaker 1: Pierre Pollyev I think is the way he pronounces it.
Speaker 1: The Conservative who the head of the Conservatives that would
Speaker 1: likely be prime minister if they win. But nevertheless, yeah,
Speaker 1: sometimes names can be challenging. But this is a great
Speaker 1: challenge that you've taken on, and it looks like a
Speaker 1: great idea. And again, folks, it is composite with a
Speaker 1: k composite dot org and we'll have the information there
Speaker 1: so that you can contact Noem and ask him about things.
Speaker 2: So listen. Also, David, I just want to let you
Speaker 2: know that that blockchain it looks like he's murky and
Speaker 2: he's just for young people and you don't really know.
Speaker 2: So in the future, I know every I had to
Speaker 2: learn everything from top to bottom. I studied. I've studied
Speaker 2: more blockchains than most people will know. I've read more
Speaker 2: white papers than you can imagine.
Speaker 3: They did a great job of explaining it.
Speaker 2: Yes, yes, because I have a brother that is an
Speaker 2: academic right and he's a genius mathematically but when he
Speaker 2: wrote the white paper, said I don't understand this, so
Speaker 2: I had to I you can.
Speaker 3: See me explain it to me like I'm an eight
Speaker 3: I can understand this.
Speaker 2: I don't understand this. So so if you ever want
Speaker 2: to put me again on your show and ask me
Speaker 2: questions or people want to reach out and said, I
Speaker 2: don't understand this and you want simple, down to Earth's
Speaker 2: answers that are applicable to anybody's daily life. You're welcome.
Speaker 2: You're welcome. I'll be more than a pleasure to come again.
Speaker 1: That's great, Thank you so much. And we do we
Speaker 1: have any questions there for him? No, we didn't have
Speaker 1: any questions today. So I will let people digest this
Speaker 1: and they'll have the contact information there to get to
Speaker 1: you know, Aim, Thank you so much. Very interesting and
Speaker 1: as I said before, I think one of the best
Speaker 1: explanations I've seen of the blockchain, the history of this.
Speaker 1: Thank you so much for what you're doing. I wish
Speaker 1: you the best of luck, and maybe we'll have this
Speaker 1: interview one day. It'll be it'll be gold and we
Speaker 1: can put that.
Speaker 3: You the chain there. He's like, look, I interviewed this
Speaker 3: guy's who was getting started. Thank you so much.
Speaker 2: You know what, if you ask me to interview me
Speaker 2: at that point, I will always say yes.
Speaker 3: Thank you so much. Thank you.
Speaker 1: The best of wishes to you and folks. Thank you
Speaker 1: for joining us and progress retort. Thank you very much
Speaker 1: for the tip. I appreciate that we'll get to that
Speaker 1: comment and the other comments will get to those tomorrow.
Speaker 1: No more time in the program. Thank you for joining us.
Speaker 1: Have a good day.
Speaker 4: Hello, it's me Voladimir Zelenski. I'm so tired of wearing
Speaker 4: these same T shirts everywhere for years. You'd think with
Speaker 4: all the billions I've skimmed off America, I could dress better.
Speaker 4: And I could if only David Knight would send me
Speaker 4: one of his beautiful gray mcguffin hoodies or a new
Speaker 4: black T shirt.
Speaker 2: With the McGuff and logo in blue.
Speaker 4: But he told me to get lost. Maybe one of
Speaker 4: you American suckers can buy me some at the David
Speaker 4: Knight show. You should be able to buy me several hundred.
Speaker 4: Those amazing sand colored microphone hoodies are so beautiful. I'd
Speaker 4: wear something other than green military cosplay.
Speaker 2: To my various galas and social events.
Speaker 4: If you want to save on Shipping just put it
Speaker 4: in the next package of bombs and missiles coming from
Speaker 4: the USA.