WEBVTT

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<v Speaker 1>We have what we call our giga gas roadmap, which

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<v Speaker 1>is scaling up to one hundred thousand transactions per second

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<v Speaker 1>and have no reorgs, almost instant finality. I don't know

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<v Speaker 1>what the price will be tomorrow, but I feel like

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<v Speaker 1>I know where we're headed in the next thirty to

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<v Speaker 1>fifty years. I feel like I'm a permeable with like

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<v Speaker 1>how we're going, and like your rationally optimistic.

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<v Speaker 2>I feel like once that interoperability and those bridges are built,

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<v Speaker 2>more consumers are educated, maybe ready, we'll you know, bring

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<v Speaker 2>it back, and even more platforms will have NFTs.

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<v Speaker 1>Yeah, I think about it too.

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<v Speaker 2>This episode is brought to you by I Trust Capital.

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<v Speaker 2>to many exchanges, and all the links will be in

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<v Speaker 2>a description. Check it out. Hey, folks, welcome into the

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<v Speaker 2>Thinking Crypto podcast. I'm your host Tony Edward and joining

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<v Speaker 2>me today's two cent Timmy, who's one of the moderators

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<v Speaker 2>on the cryptocurrency subreddit on Reddit and he's part of

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<v Speaker 2>the Polygon marketing team as well. Timmy, great to have you.

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<v Speaker 2>I'm super excited to be here. I'm like, very excited.

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<v Speaker 2>I've watched your podcast before.

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<v Speaker 1>I think it's great, So it's yeah, it's fun to

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<v Speaker 1>finally be talking to you. I mean we've met in person,

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<v Speaker 1>but not on a podcast.

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<v Speaker 2>A yeah for sure. And we met at the Treasure

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<v Speaker 2>event in Prague just a few weeks back, and that

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<v Speaker 2>was a great event. It was great meeting you, and

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<v Speaker 2>you know, we had a conversation about Reddit and the

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<v Speaker 2>big part is playing at crypto in addition to the

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<v Speaker 2>markets overall. So I'm excited to dive into that conversation

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<v Speaker 2>and as well as get some updates around Polygon. But

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<v Speaker 2>you know, tell us a bit about yourself. Where are

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<v Speaker 2>you from and how'd you get into crypto.

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<v Speaker 1>So I currently lived just outside of Atlanta, Georgia, originally

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<v Speaker 1>from Boston, Massachusetts area. And I guess I have like

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<v Speaker 1>two intros to crypto and it's kind of funny. So

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<v Speaker 1>the first one when I started college. I went to

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<v Speaker 1>school starting twenty ten and I was a computer science major,

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<v Speaker 1>and early on someone basically asks if we he wanted

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<v Speaker 1>to mine bitcoin with him, like using the computer lab.

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<v Speaker 1>That's just stupid, like why would anyone do listen, that's

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<v Speaker 1>twenty eleven. I'm like, no, I don't want to do this.

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<v Speaker 1>I don't want to like whatever. Like and I would say,

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<v Speaker 1>you know, like the cliche of like everyone's like, no,

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<v Speaker 1>I don't understand this, it's magic Internet money whatever. I'll

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<v Speaker 1>move on, uh. And then that person deleted off social

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<v Speaker 1>media after her bitcoin over the year when it ran up.

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<v Speaker 1>But my second intro to crypto was probably the bigger

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<v Speaker 1>one that I actually started using. I would say, I'm

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<v Speaker 1>a clash of twenty twenty one cliche. So I my

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<v Speaker 1>first crypto purchase ever was doge coin on Robinhood and

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<v Speaker 1>it was just trading meme coins having a laugh. And

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<v Speaker 1>it's funny because like I feel like Reddit and GameStop

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<v Speaker 1>is what brought me to the doge coin like in

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<v Speaker 1>Robinhood trading world. But then once I got into crypto,

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<v Speaker 1>I was basically hooked and like I really fell in

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<v Speaker 1>love with the technology, trying to learn everything I could,

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<v Speaker 1>and I think realizing that it was more than just

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<v Speaker 1>a meme coin, and like I would say, fell in

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<v Speaker 1>love with the It's funny because I never really spent

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<v Speaker 1>time studying bitcoin, but all a lot of the ethos

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<v Speaker 1>in bitcoin are my personal ethos. I'm like, if I

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<v Speaker 1>just spent time way soon I'm learning about it, I

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<v Speaker 1>could have like I would have been all in at

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<v Speaker 1>that point. Like so it's a but yeah, it's so

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<v Speaker 1>basically a little over four years now and I've enjoyed

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<v Speaker 1>every minute of it.

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<v Speaker 2>Mostly How did you end up at Polygon?

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<v Speaker 1>It's funny through Reddit? I guess it's a so in

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<v Speaker 1>twenty twenty two, Reddit came out with avatars that were

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<v Speaker 1>NFT collections and they minted on the Polygon blockchain, and

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<v Speaker 1>that was my first intro to Polygon. If I don't know,

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<v Speaker 1>was I how do I want to say this? I

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<v Speaker 1>am very serious and like care about the technology and

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<v Speaker 1>try to take it seriously and with the respect it deserves.

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<v Speaker 1>But I also like to have fun, so these avatars

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<v Speaker 1>were just like a fun little collectible. Hey, let's have fun.

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<v Speaker 1>And I really liked the Polygon ecosystem kind of what

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<v Speaker 1>Polygon stood for, where it was like giving sovereignty to

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<v Speaker 1>the world, and that includes financial sovereignty, but just our

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<v Speaker 1>founder Sandy've talked about like his mission is to give

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<v Speaker 1>everyone sovereignty, so whether it's sending payments or having identity

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<v Speaker 1>or all of these big things of Okay, I bought

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<v Speaker 1>into that the Polygon subreddit was unmoderated that had very

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<v Speaker 1>little content on it, and I literally sent out a

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<v Speaker 1>tweet saying that the subreddit needs motoration and I'd be

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<v Speaker 1>happy to do it. And then I ended up basically

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<v Speaker 1>was contacted by a couple of people on their team

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<v Speaker 1>and community team, and they said, hey, do you want

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<v Speaker 1>a contract? Like, we love what you do and have

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<v Speaker 1>been contributing, so we think there's something here. And then

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<v Speaker 1>I started working for Polygon. It's a I don't know's

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<v Speaker 1>it's the beauty of web three where we say it

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<v Speaker 1>all the time, you can just do things, you say things,

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<v Speaker 1>and then you make it happen. And that's really how

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<v Speaker 1>it worked out for me.

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<v Speaker 2>That's awesome. Yeah, I mean from just like you said,

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<v Speaker 2>having fun and then it became sort of your career,

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<v Speaker 2>your job right of working web three both on Reddit

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<v Speaker 2>but also supporting Polygon. I'm curious, you know, for those

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<v Speaker 2>who may not be very familiar with Reddit, right I am.

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<v Speaker 2>I know a lot of the different subreddits on Reddit

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<v Speaker 2>with crypto, bitcoin and so forth. Give us an overview

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<v Speaker 2>of the cryptocurrency subreddit, and I want to make sure

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<v Speaker 2>folks know it's slash crypto currency, right, yep, our slash

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<v Speaker 2>cryptocurrent and see it's it's right. It's funny because some

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<v Speaker 2>people say just cryptocurrency subrought it. Some people say are

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<v Speaker 2>cryptocurrency because our precedes every subreddit's so, but yeah, it's

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<v Speaker 2>it's the largest cryptocurrency subrodit out there.

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<v Speaker 1>There's over ten million members right now. I was looking.

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<v Speaker 1>We had in the last thirty days like fifteen million

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<v Speaker 1>page views over that. So it's very very popular, massive,

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<v Speaker 1>and it's I would say, it's very different than a

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<v Speaker 1>crypto Twitter. The type of user is you get really

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<v Speaker 1>really novice users who I would say, I don't know,

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<v Speaker 1>they don't know anything about crypto right, they're they're coming

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<v Speaker 1>to learn, and if you're on Twitter, it's really hard

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<v Speaker 1>to know who to trust in what the good content

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<v Speaker 1>is because scams they're popping up all the time. New

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<v Speaker 1>blockchains are coming out and some are legitimate and some aren't.

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<v Speaker 1>And when you're in the industry, it's you develop tools

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<v Speaker 1>to spot them, but if you're brand new, it's really hard.

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<v Speaker 1>So our suburb it is more heavily moderated than so

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<v Speaker 1>on on Twitter would be used to. But it's intentional

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<v Speaker 1>because what we want is there's really not a good

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<v Speaker 1>place for someone who knows very little about crypto to

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<v Speaker 1>start learning about it in a kind of like safe

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<v Speaker 1>we I like to think of it almost like a

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<v Speaker 1>walled garden where like we will give you advice, like

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<v Speaker 1>here's general practices. It's really interesting because there's a lot

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<v Speaker 1>of like I don't know, I would say it's more

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<v Speaker 1>negative and more skeptical of everything than even I personally am.

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<v Speaker 1>As a community, like I like to take risks, or

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<v Speaker 1>like I think the frontier of technology is really interesting,

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<v Speaker 1>and I think it's really good for new people to

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<v Speaker 1>have this like a massive community of like wait, be

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<v Speaker 1>skeptical and it comes out to like the don't trust

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<v Speaker 1>verify sort of opportunity, and it might go too far,

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<v Speaker 1>and maybe at one point it was too band heavy.

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<v Speaker 1>And I know people have talked about like they share

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<v Speaker 1>something and then they get banned. But it's like, well,

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<v Speaker 1>you're sharing this new project that no one ever heard of.

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<v Speaker 1>And if you can imagine a subword with ten million

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<v Speaker 1>people who are predominantly novices, bad actors love using the

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<v Speaker 1>subword to take advantage of people, like it's sure, it

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<v Speaker 1>becomes the targets out like it's a it's interesting. It's

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<v Speaker 1>a hard and delicate balance to find between letting new

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<v Speaker 1>content and stuff, but I would say that's part of it.

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<v Speaker 1>I think a lot of people who are genuine, like

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<v Speaker 1>when they reach out, it's nice to have. Like you

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<v Speaker 1>and I met and we were talking like, Okay, this

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<v Speaker 1>person's going to be genuine. If you start posting content,

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<v Speaker 1>we can approve it. But a lot of people just

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<v Speaker 1>go and it's like I don't know you from a

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<v Speaker 1>hole in the wall, so like I'm not trusting that

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<v Speaker 1>you're a good person, which is but yeah, it's there's

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<v Speaker 1>content there, there's news articles get posted. One thing that

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<v Speaker 1>I think is really cool about the subreddit. And this

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<v Speaker 1>is kind of a history story going back, but one

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<v Speaker 1>thing I like about Reddit is they've tried a lot

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<v Speaker 1>in crypto and web three. So I mentioned the avatars,

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<v Speaker 1>but they also had something that they called the Reddit

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<v Speaker 1>Community Points Program. So the way Reddit works in general

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<v Speaker 1>is there's an upvote button and a downvote button, and

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<v Speaker 1>you get karma if you're upvoted, and if you're downvoted,

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<v Speaker 1>you lose karma. It's kind of what their point system

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<v Speaker 1>is called. And Reddit came out with this feature and

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<v Speaker 1>they were piloting it in the cryptocurrency subreddit and then

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<v Speaker 1>in a Fortnite subrunnit. It didn't do so well in

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<v Speaker 1>the Fortnite subred up, and in the cryptocurrency subredit everyone

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<v Speaker 1>loved it where each month, technically every twenty eight days,

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<v Speaker 1>they would calculate the karma users earned and then pay

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<v Speaker 1>out a ERC twenty token as a governance token to

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<v Speaker 1>users proportional to the karma that they earned. So if

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<v Speaker 1>the total subredit generated one hundred thousand karma, you got

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<v Speaker 1>a thousand, you'll get one percent of the distribution for

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<v Speaker 1>that loud And what was really cool about it is

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<v Speaker 1>it then acted as a governance token for the subreddit

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<v Speaker 1>where each week the community would put up proposals about

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<v Speaker 1>ruled on how to govern the subrudit, and then your

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<v Speaker 1>weight vote weight was proportional to what you earned. So

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<v Speaker 1>it was a cool way of like, hey, the people

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<v Speaker 1>who are participating in the most putting out the best

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<v Speaker 1>content are the people who have the biggest say in

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<v Speaker 1>the community. Reddit eventually sun set that program, but the

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<v Speaker 1>moderators in the community are like, well, this was amazing,

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<v Speaker 1>we loved it. So now we're all we basically did

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<v Speaker 1>a community takeover and there's this token that we use

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<v Speaker 1>as a government stoken, which is I think it's fun

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<v Speaker 1>and like this really like I said earlier and crypto like,

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<v Speaker 1>we're like, this was fun. A centralized entity shut it down.

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<v Speaker 1>Let's just take you over it as a community and

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<v Speaker 1>make it a decentralized token and project. Well what's that token,

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<v Speaker 1>by the way, and is it erc twenty base as well? Yep,

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<v Speaker 1>so it's called our cryptocurrency moons. When Reddit introduced it,

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<v Speaker 1>they introduced it on arbitram Nova because at the time

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<v Speaker 1>that was a super cheap blockchain and super fast. It

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<v Speaker 1>then branche to Arbitram one so now it's basically on

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<v Speaker 1>nova in one and there's a very small amount on

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<v Speaker 1>a theoryum mainenet. But it's yeah, it's just an any

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<v Speaker 1>token that people have fun with. And this is not

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<v Speaker 1>financial advice. You should not, but like if you don't

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<v Speaker 1>know anything about it, like do your research on it.

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<v Speaker 1>But it's because I participate in it, I'm like, it's

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<v Speaker 1>it's something that I haven't seen anywhere else, and it's

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<v Speaker 1>such a unique use case where it's like this is

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<v Speaker 1>a community token for the largest subredit and then we

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<v Speaker 1>try to give it more use cases too. And I

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<v Speaker 1>didn't get to this, but we let projects advertise on

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<v Speaker 1>the subreddit whether they're doing amas or we have a

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<v Speaker 1>spotlight where we kind of feature them, and they need

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<v Speaker 1>to essentially buy the token, burn part of the token,

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<v Speaker 1>and then we distribute it back to our community as well.

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<v Speaker 1>So it's like this is actually a very circular economy

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<v Speaker 1>token where if you're a project that want to get involved,

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<v Speaker 1>like you actually have to give something back to our

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<v Speaker 1>users in a very like real way. So it's a

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<v Speaker 1>it's different and it's fun and basically when we aren't

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<v Speaker 1>when projects pay for their ames and moons, we put

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<v Speaker 1>it back, give it back to users, whether it's distribution

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<v Speaker 1>or we burn it to reduce the supply and things

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<v Speaker 1>like that. So that's great. I mean, I in my hat,

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<v Speaker 1>I'm like I can imagine like Bitcoin Maximal's hearing this

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<v Speaker 1>and like it's a scamble, like all this stuff. It's

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<v Speaker 1>a gimmick and it's not that, but like it's not

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<v Speaker 1>for everyone. But I'm just like it's a fun, fun

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<v Speaker 1>way to power community where the idea is to benefit everyone,

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<v Speaker 1>like participating in the ecosystem.

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<v Speaker 2>Yeah, and I think that makes sense. Right, there's some gamification.

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<v Speaker 2>You allow people to have skin in the game, so

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<v Speaker 2>to speak. They get rewarded, and it's a token that

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<v Speaker 2>actually has value that can trade in the market.

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<v Speaker 1>Right, Oh yeah, exactly. Yeah. So it's on I think

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<v Speaker 1>it's on Crack. I know it's on Crack and it's

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<v Speaker 1>on unit Swamp and camel Lot, and like you can

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<v Speaker 1>buy it and sell it and speculate on it if

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<v Speaker 1>that's what your heart want to say.

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<v Speaker 2>Do tell us about you know, you mentioned that there's

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<v Speaker 2>like ten million users, and you mentioned there's a lot

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<v Speaker 2>of crypto newbies and so forth. Why do you think

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<v Speaker 2>this subreddit has the appeal versus let's say X or

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<v Speaker 2>other social platforms. And I remember, just to add some context,

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<v Speaker 2>in my early days, I spent a lot of time

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<v Speaker 2>on Reddit because it was much cleaner and it was

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<v Speaker 2>easier to read through and pick up things because there

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<v Speaker 2>was a lot of noise on X and there still is.

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<v Speaker 2>But I feel like, you know, the subredits are cleaner. Yeah, no,

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<v Speaker 2>that's a good point, I think. So you have if

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<v Speaker 2>I went to my ex right now, what I would

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<v Speaker 2>see if I had to guess, is today's November tenth.

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<v Speaker 2>So Monad announced the presale. That's going to be flooding

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<v Speaker 2>the timeline. There's some drama, there's going to be talk

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<v Speaker 2>about we pumped a little bit earlier today, so I'm

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<v Speaker 2>just going to like see price chart after price chart,

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<v Speaker 2>probably a little bit on the government shutdown. It's like

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<v Speaker 2>it's this wave of information that it's really really hard

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<v Speaker 2>to find solid footing on Reddit. You can get It's

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<v Speaker 2>like I want to go to our cryptocurrency because I

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<v Speaker 2>want to see general crypto news, and then you go,

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<v Speaker 2>I want to know what's going on with bitcoin. You

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<v Speaker 2>go to the bitcoin subred and I want to know

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<v Speaker 2>what's going on with Etheroreum. You go to the Ethereum

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<v Speaker 2>suburd it. I want to know what's going on with Solana,

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<v Speaker 2>I go to the Salona subreddit. I want to know

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<v Speaker 2>what's going on with Polygond, I go to the Polygone

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<v Speaker 2>sub reddit.

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<v Speaker 1>And then you just start. You can curate it. And

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<v Speaker 1>then another benefit to Reddit too is they have flares

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<v Speaker 1>for posts on the topic. So like on the cryptocurrency

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<v Speaker 1>subred it sometimes is general discussion, sometimes it's news, sometimes

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<v Speaker 1>it's advice, sometimes it's a perspective, and you can sort

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<v Speaker 1>by that going to find what you want to find.

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<v Speaker 1>And I think the last part that makes reddit really

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<v Speaker 1>powerful is upvote and down vote. So what ends up

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<v Speaker 1>happening is the best content goes to the top, and

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<v Speaker 1>that happens on XSU with the algorithm, but the most

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<v Speaker 1>uploaded post of caralments you see the most. But you

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<v Speaker 1>also get real feedback on what isn't good content. So

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<v Speaker 1>when I first got into Reddit and was a novice

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<v Speaker 1>to crypto, I said things on the cryptocurrency subreddit and

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<v Speaker 1>got downvoted to oblivion, and I'm like that was probably

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<v Speaker 1>a stupid thing to say, or a lot of times

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<v Speaker 1>see you almost get let's say something slips through the

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<v Speaker 1>automoderator feature, then it's a scam and moderators don't see

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<v Speaker 1>it and they can't remove it. If that happens on X,

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<v Speaker 1>it's just out there forever and doesn't get removed. On Reddit,

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<v Speaker 1>you can have users downvote in comment and say this

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<v Speaker 1>is a scam, and like, actually, Reddit collapses and hides

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<v Speaker 1>heavily downvoted content so it doesn't even get views or seen.

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<v Speaker 1>So if you're a beginner, it's like, okay, you have this.

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<v Speaker 1>It's way more curated, it's way more refined, and it's

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<v Speaker 1>farder to manipulate. Like Reddit. One of the things Reddit

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<v Speaker 1>is really good at is anti bought and anti spam features.

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<v Speaker 1>And I don't think it gets soken off about it

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<v Speaker 1>as a company, but in the r cryptocurrency subword it

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<v Speaker 1>you see spam and then it gets removed instantly by Reddit.

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<v Speaker 1>And I think that that's really really good for novices

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<v Speaker 1>to figure out. And then I think having the silos

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<v Speaker 1>of this project, this project, like you can basically go

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<v Speaker 1>to where you want and get the information you want

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<v Speaker 1>and it doesn't get flooded. And I mean, I have

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<v Speaker 1>my own subredits and I have my routine of like,

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<v Speaker 1>I'll go to this sub and that's up and that sub,

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<v Speaker 1>but it doesn't. My brain is prepared for the content.

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<v Speaker 1>So like, I'm also an NBA fan, My Twitter is

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<v Speaker 1>filled with NBA content. When I may want to be

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<v Speaker 1>a research project and on Reddit, I can go. Now,

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<v Speaker 1>I'm going to look at the NBA sub run it

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<v Speaker 1>at eight o'clock at night after my work died.

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<v Speaker 2>Right, Yeah, I love it.

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<v Speaker 1>I love that.

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<v Speaker 2>I'm a big NBA fan as well, So I have

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<v Speaker 2>to ask, what's your favorite NBA team?

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<v Speaker 1>The Celtics. It's a rough year. I grew up in Boston.

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<v Speaker 1>I can't not be a Celtics fan, and I had

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<v Speaker 1>it so good the last two years and this year

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<v Speaker 1>it's painful.

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<v Speaker 2>Well, I'm in New York or near New York, so

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<v Speaker 2>I'm a Knicks fan. Grew up a Knicks fan, so yeah,

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<v Speaker 2>we hate each other.

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<v Speaker 1>So you were very happy, Yeah, last playoffs, but I

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<v Speaker 1>won't talk about that much more.

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<v Speaker 2>Yeah. You know, I'm curious with regards to Reddit's integration

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<v Speaker 2>of like crypto and blockchain. You know, you mentioned the tokens,

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<v Speaker 2>A sunseted that, but you guys kept it going, you know,

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<v Speaker 2>specifically for the r cryptocurrency subreddit. But what about the

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<v Speaker 2>NFT avatars that you mentioned that was on Polygon. Is

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<v Speaker 2>that still enabled on a Reddit?

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<v Speaker 1>Yes, for the time being. It's funny, I said, Reddit

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<v Speaker 1>like Satri thinks, so this it was when it started

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<v Speaker 1>a wildly successful program. There's something like Reddit. When you

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<v Speaker 1>bought an NFT avatar, they created a wallet for the users,

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<v Speaker 1>and users didn't even know that they were minting n FT,

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<v Speaker 1>so it was created and it was really this nice

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<v Speaker 1>combination kind of what the dream of web three people

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<v Speaker 1>saying like, oh, we just need to let people use

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<v Speaker 1>crypto without knowing that they're using it. Reddit did that

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<v Speaker 1>really well. Created the wallet over thirty six million wallets

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<v Speaker 1>held avatars, which is insane to me because these were

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<v Speaker 1>all Reddit users. And then I don't know if you

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<v Speaker 1>paid attention to the NFT market over the last three years,

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<v Speaker 1>but it hasn't hasn't been going well. The hype kind

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<v Speaker 1>of died down and Reddit announced that they would sunset

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<v Speaker 1>the program in January. So it's interesting they won't be

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<v Speaker 1>minting any new avatars the ones that you bought and traded.

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<v Speaker 1>You can certainly they said, you'll still be able to

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<v Speaker 1>use on Reddit. It can still be used as your

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<v Speaker 1>little identity and play with it and then it's read.

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<v Speaker 1>It announced that about a month ago, and it was

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<v Speaker 1>really cool to see the community come out. In the

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<v Speaker 1>avatar community just have started building new platforms to still

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<v Speaker 1>participate in it. A couple of those are building on Polygon,

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<v Speaker 1>where it's not going to be integrated to Reddit. But

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<v Speaker 1>if you can imagine, there were a whole bunch of

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<v Speaker 1>artists and really strong communities, you just like these characters

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<v Speaker 1>that were created. They basically said, like, we're going to

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<v Speaker 1>take that technology. We're going to put it in our

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<v Speaker 1>own smart contract where you can just mint like artists

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<v Speaker 1>can go on and say here's what I want and

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<v Speaker 1>then you can mint it for I don't know. I

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<v Speaker 1>think they set the price in to be wrong, but

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<v Speaker 1>I think less I saw it of like between ten

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<v Speaker 1>pole and fifty pole. You could meant your own like

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<v Speaker 1>designed similarly to a Reddit avatar by these artists, and

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<v Speaker 1>you can play around with it. So I think that's like,

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<v Speaker 1>I don't know, Reddit, it has a special place in

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<v Speaker 1>my heart where people are negative and they say Reddit

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<v Speaker 1>ruins everything, and I don't I'm not going to make

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<v Speaker 1>a judgment on that. But what's really cool is when

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<v Speaker 1>people say that there's enough people out there that go

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<v Speaker 1>out and say like, well, then we'll just do it ourselves.

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<v Speaker 1>I think of like the Futurama vendor me and like, well,

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<v Speaker 1>I'll make my own like I'll make my own moons,

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<v Speaker 1>I'll make my own Reddit avatars. And it's like that's

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<v Speaker 1>just embodies Reddit because they're just like, well, we like

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<v Speaker 1>this and work community, so that's what we're doing in

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<v Speaker 1>this community. So I thought it was really cool to see.

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<v Speaker 1>Some people may have different takes, but I loved it.

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<v Speaker 2>It feels yeah, I love it too, And I feel

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<v Speaker 2>like it's maybe we're still so early that because the

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<v Speaker 2>masses are not fully educated about these things. Where there's

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<v Speaker 2>also interoperability with these nft NFTs where you can take

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<v Speaker 2>them off of Reddit in a different whatever it is right,

414
00:24:13.759 --> 00:24:17.119
<v Speaker 2>where I can do cool things in other parts of

415
00:24:17.200 --> 00:24:20.680
<v Speaker 2>society or other industries. It's not there yet. But once

416
00:24:20.759 --> 00:24:24.839
<v Speaker 2>that interoperability and those bridges are built and more consumers

417
00:24:24.880 --> 00:24:27.400
<v Speaker 2>are educated, you know as to why this is so

418
00:24:27.440 --> 00:24:30.240
<v Speaker 2>important as technology and how the benefits it can have,

419
00:24:30.920 --> 00:24:33.759
<v Speaker 2>then maybe maybe ready it will you know, bring it back,

420
00:24:33.799 --> 00:24:36.359
<v Speaker 2>and even more platforms will have NFTs.

421
00:24:36.960 --> 00:24:42.480
<v Speaker 1>Yeah. I think about it too, where I think digital

422
00:24:42.519 --> 00:24:45.599
<v Speaker 1>identity is something that a lot of people actually really

423
00:24:45.640 --> 00:24:49.400
<v Speaker 1>really like, but they don't know enough about digital ID

424
00:24:50.240 --> 00:24:53.480
<v Speaker 1>to like fully use. And I'm like, no, Like you can, yeah,

425
00:24:53.480 --> 00:24:55.200
<v Speaker 1>you can have a picture of yourself, but if you're

426
00:24:55.400 --> 00:24:58.079
<v Speaker 1>you don't want to expose yourself to the world, like

427
00:24:58.160 --> 00:25:01.359
<v Speaker 1>you can have this avatar or MFT and that can

428
00:25:01.880 --> 00:25:03.680
<v Speaker 1>kind of be who you are and kind of how

429
00:25:03.720 --> 00:25:07.319
<v Speaker 1>you present yourself on platforms. And I think it's I

430
00:25:07.359 --> 00:25:11.039
<v Speaker 1>don't know, I want. Some of my favorite things are

431
00:25:11.720 --> 00:25:14.079
<v Speaker 1>if I play a game and then I go on

432
00:25:14.119 --> 00:25:16.079
<v Speaker 1>Twitter and I see the same person as a game,

433
00:25:16.160 --> 00:25:19.000
<v Speaker 1>It's like, wait, you're here too. Like I've actually had

434
00:25:19.039 --> 00:25:21.799
<v Speaker 1>people in crypto who I knew from a previous life.

435
00:25:22.039 --> 00:25:24.880
<v Speaker 1>They're like wait a second, Like that's the same user name,

436
00:25:24.920 --> 00:25:26.960
<v Speaker 1>and it's like, I guess we're interested on the same thing.

437
00:25:27.000 --> 00:25:31.839
<v Speaker 1>But that discoverability is I think really important and really fun,

438
00:25:31.920 --> 00:25:35.680
<v Speaker 1>and I think there's a pathway to that with Reddit avatars.

439
00:25:35.759 --> 00:25:41.920
<v Speaker 2>Also, Oh for sure. You know, Reddit has an amazing history.

440
00:25:42.240 --> 00:25:44.480
<v Speaker 2>I've used it in many different ways, but you know,

441
00:25:44.519 --> 00:25:46.559
<v Speaker 2>when it comes to markets we saw what happened with

442
00:25:46.880 --> 00:25:50.799
<v Speaker 2>GameStop and AMC, and there's just a huge community there,

443
00:25:51.400 --> 00:25:55.799
<v Speaker 2>especially around crypto as well, and I think it's so

444
00:25:55.880 --> 00:25:58.119
<v Speaker 2>important to have it as a resource and you know,

445
00:25:58.440 --> 00:26:00.799
<v Speaker 2>very different from X and and where a lot of

446
00:26:00.839 --> 00:26:04.200
<v Speaker 2>crypto people hang out as well, but very good for beginners.

447
00:26:04.240 --> 00:26:06.039
<v Speaker 2>And I don't know, yeah, I wonder if we will

448
00:26:06.119 --> 00:26:11.119
<v Speaker 2>see a type of gm E AMC type of rise

449
00:26:11.279 --> 00:26:13.119
<v Speaker 2>for certain crypto tokens.

450
00:26:13.559 --> 00:26:16.000
<v Speaker 1>It's one thing that I actually love that Polygon was

451
00:26:16.079 --> 00:26:18.359
<v Speaker 1>so open to working for them, like coming from REDIT

452
00:26:18.480 --> 00:26:22.759
<v Speaker 1>and just telling them like so the r cryptocuarancy sub

453
00:26:22.799 --> 00:26:26.359
<v Speaker 1>red it has like community supporters and Polygon has sponsored it.

454
00:26:27.319 --> 00:26:29.480
<v Speaker 1>So this was something I thought was really cool where

455
00:26:30.799 --> 00:26:33.079
<v Speaker 1>I told you about moons and it gets distributed every

456
00:26:33.160 --> 00:26:37.920
<v Speaker 1>month and Polygon to like, well, we believe in creators.

457
00:26:37.960 --> 00:26:41.200
<v Speaker 1>I've read it. And then Polygon's actually putting a whole

458
00:26:42.160 --> 00:26:44.960
<v Speaker 1>for words too to kind of go like, hey, this

459
00:26:45.000 --> 00:26:47.720
<v Speaker 1>is a community we want to tap into. I think

460
00:26:47.799 --> 00:26:50.960
<v Speaker 1>in the age of AI am I how that's used

461
00:26:50.960 --> 00:26:58.079
<v Speaker 1>for research. Reddit something like basically half of AI data,

462
00:26:58.279 --> 00:27:02.680
<v Speaker 1>like half of AI prompt respond with like subreddit pages

463
00:27:03.039 --> 00:27:06.039
<v Speaker 1>and Reddit post which is insane, and I think that

464
00:27:06.759 --> 00:27:10.839
<v Speaker 1>we're seeing if you see trading or speculation or literally

465
00:27:10.920 --> 00:27:13.839
<v Speaker 1>just research. If someone to like I want to send

466
00:27:14.000 --> 00:27:17.079
<v Speaker 1>a stable coin to a friend, what's the best blockchain

467
00:27:17.119 --> 00:27:20.160
<v Speaker 1>to use? And they ask that in AI, it's going

468
00:27:20.200 --> 00:27:24.599
<v Speaker 1>to pull from Reddit to get some information, and I

469
00:27:24.640 --> 00:27:28.720
<v Speaker 1>think we will see that where it's like uh, and

470
00:27:28.759 --> 00:27:31.799
<v Speaker 1>it takes time because AI is slow to update and

471
00:27:31.920 --> 00:27:34.880
<v Speaker 1>models aren't like super responsive in faults, But that's just

472
00:27:34.920 --> 00:27:38.400
<v Speaker 1>a part of the growing technology. I do think I'm

473
00:27:38.400 --> 00:27:40.920
<v Speaker 1>hoping Polygon does this, but like projects that and we've

474
00:27:40.960 --> 00:27:45.440
<v Speaker 1>seen other projects spend time and invest in Reddit. If

475
00:27:45.480 --> 00:27:47.759
<v Speaker 1>your goal is to be like GMME, you're probably going

476
00:27:47.799 --> 00:27:50.400
<v Speaker 1>to fall short. But like you like no, there's a

477
00:27:50.720 --> 00:27:54.119
<v Speaker 1>huge retail community of people who really want to learn

478
00:27:54.720 --> 00:27:57.559
<v Speaker 1>and grow in this space, and we're going to take

479
00:27:57.599 --> 00:28:01.799
<v Speaker 1>time and invest in those people as well, because I think,

480
00:28:02.119 --> 00:28:05.839
<v Speaker 1>I mean, I don't know, you joined something early, you

481
00:28:05.920 --> 00:28:09.079
<v Speaker 1>discovered early, and it leaves an impression on you, and

482
00:28:09.119 --> 00:28:12.279
<v Speaker 1>I think that's like super important. And I think a

483
00:28:12.279 --> 00:28:15.000
<v Speaker 1>lot of people, like I said, because it over moderates

484
00:28:15.039 --> 00:28:17.519
<v Speaker 1>and people get banned and it's hard to introduce projects.

485
00:28:17.559 --> 00:28:20.440
<v Speaker 1>People turn off Reddit right away. And I think that's

486
00:28:21.160 --> 00:28:24.799
<v Speaker 1>entirely the wrong idea. I think it's just like working

487
00:28:24.839 --> 00:28:27.200
<v Speaker 1>within the system and figuring out how to leverage it

488
00:28:27.240 --> 00:28:32.559
<v Speaker 1>to like maximize what you want to accomplish in the world.

489
00:28:33.119 --> 00:28:35.039
<v Speaker 2>Yeah, I think you definitely have to have a ready

490
00:28:35.079 --> 00:28:37.480
<v Speaker 2>strategy if you're a crypto project or what it may be,

491
00:28:37.559 --> 00:28:41.920
<v Speaker 2>and have a presence and have that you know, back

492
00:28:41.920 --> 00:28:44.839
<v Speaker 2>and forth conversation because sometimes people have questions or they

493
00:28:44.839 --> 00:28:47.160
<v Speaker 2>have issues, and it's good to be able to have

494
00:28:47.240 --> 00:28:49.720
<v Speaker 2>the transparency and answered the questions and address them and

495
00:28:50.000 --> 00:28:52.039
<v Speaker 2>you know, if you make a mistake, own up to

496
00:28:52.079 --> 00:28:54.839
<v Speaker 2>it right, And I think people appreciate that. But huge

497
00:28:54.839 --> 00:28:58.799
<v Speaker 2>community on Reddit, and I think more people need to

498
00:28:58.839 --> 00:29:01.319
<v Speaker 2>pay attention. And I guess I'm a user, so the

499
00:29:01.559 --> 00:29:05.759
<v Speaker 2>I use x more because of I have to. I

500
00:29:05.839 --> 00:29:08.799
<v Speaker 2>tried to get like different news and interact with certain people,

501
00:29:09.440 --> 00:29:11.839
<v Speaker 2>but I also have read a bookmarks, I go to

502
00:29:11.839 --> 00:29:14.079
<v Speaker 2>Reddit and like, hey, what's trending right now in bitcoin?

503
00:29:14.119 --> 00:29:16.359
<v Speaker 2>What's trending right now cryptocurrency and much more.

504
00:29:16.680 --> 00:29:19.319
<v Speaker 1>What I was going to say too is I think

505
00:29:19.799 --> 00:29:22.680
<v Speaker 1>you're someone and I'm like this as well, where it's

506
00:29:22.680 --> 00:29:25.480
<v Speaker 1>like I want the news when it breaks because it's

507
00:29:25.519 --> 00:29:27.960
<v Speaker 1>a major part of what we do and how we

508
00:29:28.000 --> 00:29:30.279
<v Speaker 1>are in a living, Like we just have to be

509
00:29:30.359 --> 00:29:33.680
<v Speaker 1>kind of on that cutting edge. But for a novice,

510
00:29:34.440 --> 00:29:36.599
<v Speaker 1>you can find out a day or two later. So

511
00:29:36.720 --> 00:29:40.880
<v Speaker 1>I guess, like, so you can find it, you can currate.

512
00:29:40.880 --> 00:29:47.279
<v Speaker 1>It's funny. I saw I have a friend who uniswap

513
00:29:47.759 --> 00:29:50.480
<v Speaker 1>uh is starting to bull out their runnit strategy, and

514
00:29:50.559 --> 00:29:52.160
<v Speaker 1>he reached out to me and all this stuff, and

515
00:29:53.039 --> 00:29:55.039
<v Speaker 1>un swap somewhere it posted a question where it or

516
00:29:55.119 --> 00:29:58.000
<v Speaker 1>something like where do you get your crypto news from?

517
00:29:58.319 --> 00:30:01.640
<v Speaker 1>And I'm like, well, when I started, it was on Reddit.

518
00:30:02.160 --> 00:30:04.640
<v Speaker 1>And now after a few years, I got my news

519
00:30:04.680 --> 00:30:07.319
<v Speaker 1>for Rex and I share it to Reddit. You're paying

520
00:30:07.359 --> 00:30:12.559
<v Speaker 1>it codes for that next generation of users. Got like, so,

521
00:30:12.759 --> 00:30:14.680
<v Speaker 1>like it is a I don't know. Yeah, I do

522
00:30:14.720 --> 00:30:17.599
<v Speaker 1>think Reddit is important and a Reddit strategy is very

523
00:30:17.599 --> 00:30:22.519
<v Speaker 1>important for companies to have because, like I said, it's

524
00:30:22.640 --> 00:30:24.799
<v Speaker 1>just your true retail user.

525
00:30:25.759 --> 00:30:29.000
<v Speaker 2>Oh absolutely, yeah yeah, And I, like I said, I

526
00:30:29.359 --> 00:30:31.039
<v Speaker 2>think back to years man when I got into this

527
00:30:31.119 --> 00:30:34.000
<v Speaker 2>market twenty sixteen, and along the way got a lot

528
00:30:34.039 --> 00:30:37.240
<v Speaker 2>of information from Reddit, whether it would be for bitcoin

529
00:30:37.319 --> 00:30:40.920
<v Speaker 2>or different all coins, and joined certain conversations got banned

530
00:30:40.960 --> 00:30:44.559
<v Speaker 2>from some but you know, it's all part of the process.

531
00:30:44.599 --> 00:30:49.160
<v Speaker 2>But yeah, it's a great, great resource. I'm curious what

532
00:30:49.200 --> 00:30:51.680
<v Speaker 2>you can share as far as Polygon, what's new there,

533
00:30:52.039 --> 00:30:53.680
<v Speaker 2>what you guys are working on and so forth.

534
00:30:54.160 --> 00:30:58.519
<v Speaker 1>Yeah, I'm so excited for probably Gone's future. And it's

535
00:30:58.599 --> 00:31:00.319
<v Speaker 1>like I said, what drew me to it was this

536
00:31:00.480 --> 00:31:05.359
<v Speaker 1>like core ethos of like what drew me to what

537
00:31:05.440 --> 00:31:08.480
<v Speaker 1>drew me to crypto call it dogecoint was just having

538
00:31:08.519 --> 00:31:10.960
<v Speaker 1>fun and then once I started taking it seriously, I

539
00:31:11.119 --> 00:31:17.200
<v Speaker 1>was like Bitcoin, I'm a huge like personal sovereignty and

540
00:31:17.319 --> 00:31:20.440
<v Speaker 1>freedom is so important to me that like that just

541
00:31:20.440 --> 00:31:24.720
<v Speaker 1>connected me with bitcoin very much. Like you know what,

542
00:31:24.759 --> 00:31:28.240
<v Speaker 1>it's actually really cool to have a censorship resistant, like

543
00:31:28.400 --> 00:31:31.960
<v Speaker 1>decentralized currency that you can use for payment. And I

544
00:31:32.000 --> 00:31:38.680
<v Speaker 1>think one thing that bitcoiners are I would say upset

545
00:31:38.720 --> 00:31:41.799
<v Speaker 1>about or like still up for debate, let's say, is

546
00:31:41.839 --> 00:31:44.920
<v Speaker 1>bitcoin as an actual currency and like means of transact

547
00:31:45.920 --> 00:31:48.559
<v Speaker 1>it certainly hasn't reached the level of adoption that the

548
00:31:48.599 --> 00:31:54.200
<v Speaker 1>most bullish people thought for everyday payment. But Polygon is

549
00:31:55.319 --> 00:32:00.759
<v Speaker 1>really focus on the payment sector and becoming the lead there.

550
00:32:01.359 --> 00:32:03.440
<v Speaker 1>So we spent a lot of time working with different

551
00:32:03.480 --> 00:32:08.680
<v Speaker 1>stable coins. Predominantly it's USD because that's typically what's used

552
00:32:08.680 --> 00:32:12.720
<v Speaker 1>for payments, but we are doing a lot with other

553
00:32:12.839 --> 00:32:16.480
<v Speaker 1>types of stable coins as well, which is so exciting

554
00:32:16.519 --> 00:32:18.839
<v Speaker 1>that people will actually be able to turnsact in their

555
00:32:18.880 --> 00:32:26.519
<v Speaker 1>native currency. For a long time, Polygon was what we

556
00:32:26.559 --> 00:32:30.640
<v Speaker 1>call a general purpose chain where it was built to

557
00:32:30.759 --> 00:32:34.200
<v Speaker 1>scale ethereum and be good at everything, so you could

558
00:32:34.240 --> 00:32:36.920
<v Speaker 1>send payments on Polygon, you could do NFTs, you could

559
00:32:36.960 --> 00:32:39.119
<v Speaker 1>do game, and you could do defy. All of these

560
00:32:39.119 --> 00:32:46.880
<v Speaker 1>send on Polygon. And the as this industry was growing

561
00:32:46.920 --> 00:32:49.839
<v Speaker 1>and maturing, you started seeing chains get more and more

562
00:32:49.880 --> 00:32:54.119
<v Speaker 1>specialized and the like focus because they're like, we are

563
00:32:54.160 --> 00:32:56.720
<v Speaker 1>going to be the best gaming chain, we are going

564
00:32:56.799 --> 00:32:58.920
<v Speaker 1>to be the best DeFi chain, and I'm kind of

565
00:32:58.960 --> 00:33:02.279
<v Speaker 1>tailoring their text sack to that. So Polygons have like

566
00:33:03.000 --> 00:33:07.079
<v Speaker 1>payments are really the number one use case for crypto

567
00:33:07.200 --> 00:33:13.559
<v Speaker 1>is sending money in a cryptograph fleet cryptographically secure way.

568
00:33:14.079 --> 00:33:19.160
<v Speaker 1>So we've been we have what we call our giga

569
00:33:19.200 --> 00:33:22.799
<v Speaker 1>Gas roadmap, which is scaling up to one hundred thousand

570
00:33:22.799 --> 00:33:29.519
<v Speaker 1>transactions per second and having no reorgs, almost instant finality.

571
00:33:29.559 --> 00:33:32.480
<v Speaker 1>We actually just had a hard fork called the Rio

572
00:33:32.559 --> 00:33:37.480
<v Speaker 1>hard fork, where we have five thousand tps and no reorgs,

573
00:33:38.319 --> 00:33:41.880
<v Speaker 1>basically finality within five seconds, which is what you need

574
00:33:41.920 --> 00:33:44.240
<v Speaker 1>for payments, right, like you don't want to be a merchant,

575
00:33:44.319 --> 00:33:47.400
<v Speaker 1>And I don't know, I make the joke about bitcoin

576
00:33:47.480 --> 00:33:50.400
<v Speaker 1>all the time, like I feel like every time that

577
00:33:50.480 --> 00:33:54.839
<v Speaker 1>I try to transform my bitcoin to a central exchange, like, oh,

578
00:33:54.960 --> 00:33:57.039
<v Speaker 1>of course, this is the block that takes thirty five

579
00:33:57.079 --> 00:34:00.480
<v Speaker 1>minutes to mine, Like I feel like I'm with that.

580
00:34:01.920 --> 00:34:07.359
<v Speaker 1>So that's one thing that Polygon'm working on is like

581
00:34:07.599 --> 00:34:10.800
<v Speaker 1>absolutely owning the payments. But then crypto is bigger than that.

582
00:34:10.880 --> 00:34:17.320
<v Speaker 1>So we have another product or initiative called ag layer,

583
00:34:17.719 --> 00:34:24.119
<v Speaker 1>which is the interoperability solution. So we believe that chains

584
00:34:24.159 --> 00:34:26.199
<v Speaker 1>will be specialized in the future and you're just going

585
00:34:26.280 --> 00:34:30.559
<v Speaker 1>to have like app chains and hundreds of thousands of

586
00:34:30.679 --> 00:34:34.880
<v Speaker 1>chains probably who knows how long. But like the way

587
00:34:34.880 --> 00:34:37.760
<v Speaker 1>that we're seeing blockchains kind of get spun up, now

588
00:34:38.000 --> 00:34:40.559
<v Speaker 1>there's going to be a ton of blockchains we saw,

589
00:34:40.920 --> 00:34:44.599
<v Speaker 1>I mean Stripe and PayPal are doing their own blockchain.

590
00:34:44.760 --> 00:34:51.039
<v Speaker 1>So ag layer is this unified liquidity and information layer

591
00:34:51.559 --> 00:34:54.599
<v Speaker 1>where the way I would describe it if you're playing

592
00:34:54.760 --> 00:34:57.280
<v Speaker 1>a game on polaystation and you have a friend playing

593
00:34:57.280 --> 00:34:59.280
<v Speaker 1>a game on Xbox right now, you can't really play

594
00:34:59.280 --> 00:35:02.320
<v Speaker 1>with each other, and ag layer allows you to talk.

595
00:35:02.360 --> 00:35:05.599
<v Speaker 1>So if you go, hey, this is a really cool game.

596
00:35:06.480 --> 00:35:09.000
<v Speaker 1>I'm a gamer. I like this game on Polygon, in

597
00:35:09.079 --> 00:35:12.159
<v Speaker 1>this game on Immutable, like and there are two separate games.

598
00:35:12.199 --> 00:35:15.920
<v Speaker 1>And I have an asset in this game that I

599
00:35:16.000 --> 00:35:17.559
<v Speaker 1>sold for ETH, and then I want to use it

600
00:35:17.599 --> 00:35:19.679
<v Speaker 1>to buy an asset in the other game. Like that's

601
00:35:19.679 --> 00:35:22.320
<v Speaker 1>a painful process for a lot of people, Like you

602
00:35:22.400 --> 00:35:24.119
<v Speaker 1>got a bridge and then you got to wait, like

603
00:35:24.239 --> 00:35:27.159
<v Speaker 1>and it's not good. With ag layer, the idea of like, okay,

604
00:35:27.239 --> 00:35:30.400
<v Speaker 1>then you just take to eth that you just sold

605
00:35:30.400 --> 00:35:32.239
<v Speaker 1>it for and buy the asset on the other chain

606
00:35:32.360 --> 00:35:35.199
<v Speaker 1>and all the hard work takes voice in the background.

607
00:35:36.119 --> 00:35:38.960
<v Speaker 1>But then another really cool thing with ag layer is

608
00:35:39.840 --> 00:35:43.440
<v Speaker 1>we also just announced what we call CDK Enterprise, which

609
00:35:43.519 --> 00:35:49.079
<v Speaker 1>is bringing institutions on chain. So one of the problems

610
00:35:50.239 --> 00:35:56.440
<v Speaker 1>that prevented major companies from going on chain and anti

611
00:35:56.480 --> 00:35:59.920
<v Speaker 1>money wandering and not wanting to commingle fund with pink

612
00:36:00.079 --> 00:36:05.400
<v Speaker 1>did tainted money or like it's it's something I never

613
00:36:05.400 --> 00:36:07.880
<v Speaker 1>thought about, but like, oh, actually, if there's a DeFi

614
00:36:07.960 --> 00:36:13.000
<v Speaker 1>pool and whatever blacklisted funds are in this DeFi pool,

615
00:36:13.400 --> 00:36:16.679
<v Speaker 1>you can't actually trade out of it. So we said, like,

616
00:36:16.800 --> 00:36:23.840
<v Speaker 1>institutions want to come on chain, and we want to

617
00:36:23.960 --> 00:36:27.440
<v Speaker 1>help them do that in a way that supports their initiative.

618
00:36:27.519 --> 00:36:33.480
<v Speaker 1>So I think in crypto, I think people in general

619
00:36:33.519 --> 00:36:36.639
<v Speaker 1>are tribal, and it's like it's us verst them. And

620
00:36:37.079 --> 00:36:39.360
<v Speaker 1>one thing that I really like about Polygon, I'm like,

621
00:36:39.440 --> 00:36:43.079
<v Speaker 1>we're not actually trying to destroy tradifi. We're trying to

622
00:36:43.079 --> 00:36:47.000
<v Speaker 1>make trad fi better through blockchain power. So like we

623
00:36:47.039 --> 00:36:48.760
<v Speaker 1>want to work together and we want to help you.

624
00:36:48.840 --> 00:36:52.119
<v Speaker 1>And then like, by doing this, we can help give

625
00:36:52.199 --> 00:36:56.840
<v Speaker 1>people greater sovereignty, Like you're not going to it's almost

626
00:36:56.880 --> 00:37:00.159
<v Speaker 1>working within the system that currently is, And like, how

627
00:37:00.159 --> 00:37:03.039
<v Speaker 1>can we build a solution for traditional finance to come

628
00:37:03.079 --> 00:37:08.000
<v Speaker 1>on chain and once they do that, things will get better.

629
00:37:08.039 --> 00:37:11.800
<v Speaker 1>It's not Yeah, I would say, it's basically just an upgrade.

630
00:37:11.920 --> 00:37:14.639
<v Speaker 1>Like we're going to just constantly work to make things

631
00:37:15.199 --> 00:37:16.320
<v Speaker 1>better and improve.

632
00:37:17.000 --> 00:37:20.440
<v Speaker 2>That's great. Yeah, I love that. And you know, interoperabilities

633
00:37:21.119 --> 00:37:22.599
<v Speaker 2>such a key thing. You know, we were just talking

634
00:37:22.599 --> 00:37:27.639
<v Speaker 2>about the NFT avatars and if the technology was there

635
00:37:27.719 --> 00:37:31.400
<v Speaker 2>for interoperability to move these avatars so to speak, or

636
00:37:31.480 --> 00:37:35.519
<v Speaker 2>NFTs to different platforms and have utility around it much more,

637
00:37:36.039 --> 00:37:38.760
<v Speaker 2>that would boost adoption. So but you know we're in

638
00:37:38.800 --> 00:37:41.800
<v Speaker 2>the building phase right the infrastructure being set up or

639
00:37:41.880 --> 00:37:43.679
<v Speaker 2>for all these things. That's really great and great to

640
00:37:43.719 --> 00:37:47.079
<v Speaker 2>hear the progress of polygons making. I'd love to get

641
00:37:47.079 --> 00:37:49.639
<v Speaker 2>your thoughts on what's happening in the crypto market. You know,

642
00:37:49.679 --> 00:37:52.679
<v Speaker 2>we got lots going on with tradfi adopting at a

643
00:37:52.760 --> 00:37:56.480
<v Speaker 2>rapid pace, a lot of folks tokenizing on stable coins,

644
00:37:56.480 --> 00:37:59.280
<v Speaker 2>the banks launching custody, they want to want stable coins.

645
00:37:59.559 --> 00:38:01.719
<v Speaker 2>What are you thought and how the adoption has searched

646
00:38:01.760 --> 00:38:02.280
<v Speaker 2>for crypto.

647
00:38:02.800 --> 00:38:09.800
<v Speaker 1>I think we are in the regulatory clarity phase of crypto.

648
00:38:09.880 --> 00:38:13.519
<v Speaker 1>Like that's what if you subscribe to the four year cycle,

649
00:38:13.559 --> 00:38:15.760
<v Speaker 1>and like this is what this cycle is. In this cycle,

650
00:38:16.079 --> 00:38:18.760
<v Speaker 1>I think right now a lot of people thought this

651
00:38:18.920 --> 00:38:21.119
<v Speaker 1>was going to be the mass adoption cycle, and I

652
00:38:21.159 --> 00:38:27.639
<v Speaker 1>actually think this is the clarity cycle where we're going to.

653
00:38:28.639 --> 00:38:31.000
<v Speaker 1>This is going to be the foundation for the future.

654
00:38:31.119 --> 00:38:35.679
<v Speaker 1>And like once we set up the systems in place,

655
00:38:36.280 --> 00:38:42.480
<v Speaker 1>the legislation for these traditional finance. That's when mass adoption

656
00:38:42.559 --> 00:38:46.119
<v Speaker 1>will really take off. I mean it's I love seeing

657
00:38:46.400 --> 00:38:50.119
<v Speaker 1>I feel like every other day there's a like this

658
00:38:50.320 --> 00:38:57.280
<v Speaker 1>bank is offering bitcoin assets to its customers, and we

659
00:38:57.480 --> 00:39:01.639
<v Speaker 1>just work with an institutional bankup gone that's allowing hole

660
00:39:01.760 --> 00:39:05.639
<v Speaker 1>staking for their customers, and like seeing this come out

661
00:39:05.679 --> 00:39:08.960
<v Speaker 1>over and over, I'm like, this is really really fun.

662
00:39:09.039 --> 00:39:12.800
<v Speaker 1>I don't it's funny. I'm with the markets. I'm like,

663
00:39:12.960 --> 00:39:15.559
<v Speaker 1>I don't know what the price will be tomorrow, but

664
00:39:15.639 --> 00:39:18.159
<v Speaker 1>I feel like I know where we're headed in the

665
00:39:18.199 --> 00:39:21.559
<v Speaker 1>next thirty to fifty years, like that sort of thing,

666
00:39:21.639 --> 00:39:25.400
<v Speaker 1>and there's always ups and down. So but no, I

667
00:39:25.440 --> 00:39:29.440
<v Speaker 1>think it's super exciting, and I don't. I mean it's

668
00:39:29.880 --> 00:39:32.880
<v Speaker 1>I feel like I'm a permeable with like how we're

669
00:39:32.920 --> 00:39:38.719
<v Speaker 1>going and like irrationally optimistic. But I think, yeah, I

670
00:39:38.800 --> 00:39:43.400
<v Speaker 1>love seeing where the markets are at right now. In general,

671
00:39:43.960 --> 00:39:46.199
<v Speaker 1>I think the cycle kind of got slowed down a

672
00:39:46.280 --> 00:39:50.159
<v Speaker 1>little bit, but we're going to see call it all

673
00:39:50.280 --> 00:39:54.280
<v Speaker 1>season or more assets. So, like, I know bitcoin, I

674
00:39:54.280 --> 00:39:57.239
<v Speaker 1>don't think it's done with its moment, but it had

675
00:39:57.280 --> 00:39:59.960
<v Speaker 1>its run up and we saw it was basically bitcoin

676
00:40:00.079 --> 00:40:02.719
<v Speaker 1>and then I don't know, I throw a dart on

677
00:40:02.760 --> 00:40:05.199
<v Speaker 1>a chart, and like you got these random ones that

678
00:40:05.320 --> 00:40:09.199
<v Speaker 1>did their run. But we haven't really seen the asset

679
00:40:09.320 --> 00:40:12.840
<v Speaker 1>class in crypto have its moment, and I think we

680
00:40:12.920 --> 00:40:17.239
<v Speaker 1>are going to see that very soon. Just I think

681
00:40:17.320 --> 00:40:19.920
<v Speaker 1>it's I think part of it was it was so

682
00:40:20.000 --> 00:40:23.440
<v Speaker 1>much easier everyone knew bitcoin, Like I feel like everyone

683
00:40:23.480 --> 00:40:27.280
<v Speaker 1>knew bitcoin in twenty thirteen or twenty seventeen, Like doesn't

684
00:40:27.280 --> 00:40:29.320
<v Speaker 1>mean they used it or could tell you exactly what

685
00:40:29.360 --> 00:40:32.880
<v Speaker 1>it was, but they heard the word. And so when

686
00:40:32.920 --> 00:40:37.639
<v Speaker 1>you're talking about ETFs and all of these things, like okay,

687
00:40:37.639 --> 00:40:43.800
<v Speaker 1>bitcoin will have this traditional finance I don't know, boomer cycle.

688
00:40:43.880 --> 00:40:48.239
<v Speaker 1>Like all of my friend's parents, like mostly dads asked

689
00:40:48.280 --> 00:40:51.119
<v Speaker 1>me what I think about bitcoin, like and buying it

690
00:40:51.280 --> 00:40:55.159
<v Speaker 1>in their IRA retirement account. It's like, okay, that is

691
00:40:55.920 --> 00:40:59.079
<v Speaker 1>that's progress, and I'm not going to say, like think

692
00:40:59.119 --> 00:41:02.199
<v Speaker 1>negatively of that. But I think eventually, when you get

693
00:41:02.280 --> 00:41:05.880
<v Speaker 1>millennials and gen Z getting older and I would say

694
00:41:05.920 --> 00:41:08.320
<v Speaker 1>have more wealth and equity, then we can really see

695
00:41:08.360 --> 00:41:12.000
<v Speaker 1>a lot of these other sort of I don't know

696
00:41:12.400 --> 00:41:19.079
<v Speaker 1>all points really that provide a different value proposition than

697
00:41:19.079 --> 00:41:24.360
<v Speaker 1>bitcoin does. They will also see really huge girl I

698
00:41:24.400 --> 00:41:27.440
<v Speaker 1>also think the market's really inefficient and doesn't really know

699
00:41:27.480 --> 00:41:30.000
<v Speaker 1>how to price things right now, because that's also new.

700
00:41:30.519 --> 00:41:33.599
<v Speaker 2>Yeah, I mean, and hopefully we can get the Clarity

701
00:41:33.599 --> 00:41:35.840
<v Speaker 2>Act pass, because I mean that will help boost adoption

702
00:41:36.880 --> 00:41:39.880
<v Speaker 2>once it's illegal, clarity what you can and can't do,

703
00:41:40.159 --> 00:41:43.280
<v Speaker 2>which regulators in charge of what, And it will allow

704
00:41:43.440 --> 00:41:46.880
<v Speaker 2>more folks and more companies in the tech world and

705
00:41:47.000 --> 00:41:49.480
<v Speaker 2>different parts of business to be able to integrate blockchain

706
00:41:49.519 --> 00:41:50.000
<v Speaker 2>and crypto.

707
00:41:51.199 --> 00:41:53.000
<v Speaker 1>No, yeah, I'm moving forward to.

708
00:41:52.960 --> 00:41:55.400
<v Speaker 2>That, Yeah for sure. All right, Timmy, I got some

709
00:41:55.400 --> 00:41:57.679
<v Speaker 2>wrap up questions here for you. First, if you could

710
00:41:57.679 --> 00:41:59.880
<v Speaker 2>create your own metaverse, will the theme be.

711
00:42:00.239 --> 00:42:02.000
<v Speaker 1>Lord of the Rings? I can't tell if she can

712
00:42:02.039 --> 00:42:03.679
<v Speaker 1>tell behind me, but I am a huge Lord of

713
00:42:03.679 --> 00:42:04.599
<v Speaker 1>the Rings.

714
00:42:05.760 --> 00:42:11.519
<v Speaker 2>Yeah. I love Middle Earth like for sure, rapid fire questions.

715
00:42:11.559 --> 00:42:17.320
<v Speaker 1>Favorite food probably ice cream? Look forward to eating most?

716
00:42:17.559 --> 00:42:20.199
<v Speaker 2>Oh? Sure, favorite musician or band.

717
00:42:20.519 --> 00:42:22.639
<v Speaker 1>I'll be surprised if very many of your listeners have

718
00:42:22.719 --> 00:42:26.880
<v Speaker 1>heard of this band. But they're called Libio, Like they're

719
00:42:27.039 --> 00:42:30.760
<v Speaker 1>kind of an alternative rock band, but I would say

720
00:42:30.800 --> 00:42:35.880
<v Speaker 1>they're they're my favorite one. I feel like also everyone,

721
00:42:36.280 --> 00:42:38.719
<v Speaker 1>it's funny. I know we a one time and I'm

722
00:42:38.760 --> 00:42:40.719
<v Speaker 1>like I feel like music everyone of like your favorite

723
00:42:40.760 --> 00:42:42.679
<v Speaker 1>music was when you were fifteen to twenty two, and

724
00:42:42.800 --> 00:42:45.079
<v Speaker 1>like that's that for everyone? Like what you listen dude

725
00:42:45.440 --> 00:42:46.239
<v Speaker 1>at that age?

726
00:42:46.719 --> 00:42:50.320
<v Speaker 2>Oh yeah, you get the nostalgic sentimental connection to it. Right.

727
00:42:52.039 --> 00:42:56.599
<v Speaker 1>Favorite movie I'm going to just say V for Vendetta

728
00:42:57.199 --> 00:42:59.639
<v Speaker 1>was like a very impactful movie for me.

729
00:43:00.079 --> 00:43:02.039
<v Speaker 2>Yeah, that's one of my favorite movies.

730
00:43:02.519 --> 00:43:05.320
<v Speaker 1>Favorite book Catch twenty two by Joseph Heller.

731
00:43:05.679 --> 00:43:07.360
<v Speaker 2>And when you're not working, what are you doing for fun?

732
00:43:07.719 --> 00:43:12.880
<v Speaker 1>Watching basketball? Playing basketball? Honestly, I feel like I also

733
00:43:12.920 --> 00:43:15.800
<v Speaker 1>am living the dream where I'm like trying to figure

734
00:43:15.840 --> 00:43:19.159
<v Speaker 1>out where the next Like crypto play is like it's

735
00:43:19.840 --> 00:43:22.000
<v Speaker 1>it's my job and it's a very big time hobby.

736
00:43:22.119 --> 00:43:26.280
<v Speaker 2>So nice. You should check out what Tristan Thompson and

737
00:43:26.320 --> 00:43:28.360
<v Speaker 2>some of these guys have been doing. They've been working

738
00:43:28.360 --> 00:43:29.840
<v Speaker 2>on some crypto projects.

739
00:43:30.360 --> 00:43:31.039
<v Speaker 1>That's then charged.

740
00:43:31.239 --> 00:43:34.480
<v Speaker 2>Yeah, yeah, so we'll see you. I know there's been

741
00:43:34.599 --> 00:43:37.719
<v Speaker 2>NBA top Shot and some of it was like NFT

742
00:43:37.840 --> 00:43:38.719
<v Speaker 2>based and so forth.

743
00:43:39.280 --> 00:43:42.079
<v Speaker 1>Yeah, I think top Shots was an amazing getting people

744
00:43:42.119 --> 00:43:44.760
<v Speaker 1>on chain. I think it was like there and that's

745
00:43:44.760 --> 00:43:48.159
<v Speaker 1>another example of getting web two people on chain without

746
00:43:48.159 --> 00:43:49.480
<v Speaker 1>Malan that they're on chain.

747
00:43:49.599 --> 00:43:52.920
<v Speaker 2>Timmy, great stuff man. Looking forward to seeing the growth

748
00:43:53.000 --> 00:43:58.199
<v Speaker 2>with our or our slash cr Crancy and that's all Brenden,

749
00:43:59.199 --> 00:44:01.599
<v Speaker 2>a huge community, and looking forward to the future updates

750
00:44:01.599 --> 00:44:02.519
<v Speaker 2>and as well as around.

751
00:44:02.320 --> 00:44:04.360
<v Speaker 1>Part Yeah, I know, I know we talked about it,

752
00:44:04.400 --> 00:44:06.199
<v Speaker 1>but I'm looking forward to you something on doing an

753
00:44:06.239 --> 00:44:09.800
<v Speaker 1>AMA there like well, uh, I don't know. I think

754
00:44:10.360 --> 00:44:11.920
<v Speaker 1>I think people can get a lot out of it,

755
00:44:12.000 --> 00:44:14.679
<v Speaker 1>So I'm excited to see what's happening.

756
00:44:14.800 --> 00:44:17.440
<v Speaker 2>Oh for sure, Timmy, thank you so much for joining me.

757
00:44:18.199 --> 00:44:33.840
<v Speaker 1>Thank you you have a good one.