Easy Adoption will Provide Crypto to Everyone. George Kushner of H2cryptO의 전체 녹취록

00:04:02,611 But that's again, that's the mess. 72 00:04:02,761 --> 00:04:05,936 I can pull up a screen, it'll tell me what my crypto's worth every day. 73 00:04:06,326 --> 00:04:12,517 And if there's a thing on tells me exactly what I'm worth in crypto . I have it. 74 00:04:12,757 --> 00:04:15,278 but then could I actually get to all of. 75 00:04:15,319 --> 00:04:16,380 And that's my personal. 76 00:04:16,380 --> 00:04:19,757 Now you're, you of of a way to get to this. 77 00:04:20,147 --> 00:04:23,945 I know your service is a main feature of this, but how did you get to getting 78 00:04:23,945 --> 00:04:27,499 the right wallet and to the right people and, why is it H two Crypto? 79 00:04:29,415 --> 00:04:34,042 So our all of our banking and custodial duties are handled by 80 00:04:34,042 --> 00:04:35,602 United States Charter Trust Company. 81 00:04:36,382 --> 00:04:41,054 The nice thing about that is all of our clients' deposits are covered by 82 00:04:41,054 --> 00:04:45,884 F D I C, just like any other bank, up to the $250,000 maximum amount. 83 00:04:46,334 --> 00:04:51,019 And then on the back end, the wallets are provided by a company called 84 00:04:51,019 --> 00:04:52,969 Fire Blocks, which is a Israeli firm. 85 00:04:53,029 --> 00:04:56,569 They're one of the 800 pound gorillas in the space, if not the firm. 86 00:04:57,019 --> 00:05:02,474 And the interesting thing about our setup is our clients' crypto is held until. 87 00:05:03,309 --> 00:05:06,399 Of either buying or selling or need to move crypto around, then 88 00:05:06,399 --> 00:05:08,799 it's put back on in a hot wallet. 89 00:05:08,889 --> 00:05:11,899 So our setup is, I think, pretty interesting. 90 00:05:11,975 --> 00:05:14,413 The space obviously is moving forward. 91 00:05:14,413 --> 00:05:17,353 There's a lot of evolutionary processes going forward. 92 00:05:17,658 --> 00:05:20,538 Which is just extraordinary to say, considering the industry's been around 93 00:05:20,538 --> 00:05:25,852 for 13 years, but yet we still really are in these very early phases right now. 94 00:05:26,182 --> 00:05:30,322 And the preliminary information we've gotten back from our clients, especially 95 00:05:30,322 --> 00:05:34,312 the new folks, that's who we're catering to, the pure retail people that want to 96 00:05:34,312 --> 00:05:35,692 get into crypto, they're afraid of it. 97 00:05:35,692 --> 00:05:39,163 They don't really have that hand holding else, and that's where we come in. 98 00:05:39,433 --> 00:05:44,467 But when we explain the Most people have really liked that Everyone still 99 00:05:44,467 --> 00:05:48,180 has the option moving it into a, ledger or whatever the device they wanted to 100 00:05:48,180 --> 00:05:50,310 use and ultimately have it their own. 101 00:05:50,310 --> 00:05:53,379 But we let the client ultimately decide, how they want to house 102 00:05:53,379 --> 00:05:54,719 and protect their their crypto. 103 00:05:54,731 --> 00:05:55,061 Yeah. 104 00:05:55,061 --> 00:05:56,771 So a trader, since you are in 105 00:05:56,771 --> 00:06:02,657 exchange, a trader could go on And trade between things And whatnot, but 106 00:06:02,662 --> 00:06:05,837 you're, you are geared for the, not the traders, geared for the people 107 00:06:05,842 --> 00:06:07,907 that say it's time to get some crypto. 108 00:06:08,357 --> 00:06:11,223 So maybe I'm the a hundred dollars a week into crypto. 109 00:06:11,653 --> 00:06:15,346 And I'm gonna have an out of every paycheck or something like you can handle 110 00:06:15,346 --> 00:06:20,808 that because you start with being hooked up to the F D I C insured bank trust. 111 00:06:20,808 --> 00:06:24,402 I sometimes get miss on some of these legal differentiations 112 00:06:24,407 --> 00:06:25,922 between a trust and a bank a. 113 00:06:26,852 --> 00:06:27,012 Whatever. 114 00:06:27,017 --> 00:06:30,522 It's the, but it's in the banking system where a lot of 'em have 115 00:06:30,522 --> 00:06:31,945 the problem we're really easy. 116 00:06:31,945 --> 00:06:35,125 You just need meta math, which is a Google plugin. 117 00:06:35,305 --> 00:06:38,185 And then you need to go over And you need to be on the right chain. 118 00:06:38,515 --> 00:06:40,493 And then you kind of, of, crypto. 119 00:06:40,553 --> 00:06:43,793 And then you need to have it changed into another kind of crypto. 120 00:06:44,003 --> 00:06:45,383 And then you can buy our crypto. 121 00:06:46,173 --> 00:06:49,591 And I like why do I need to take four steps? 122 00:06:49,600 --> 00:06:50,433 Have a way for me? 123 00:06:51,683 --> 00:06:53,579 Good old American green backs there. 124 00:06:53,909 --> 00:06:56,519 and of course there's a little bit, there is a transaction 125 00:06:56,519 --> 00:06:57,809 fee when you do that, right? 126 00:06:58,169 --> 00:06:59,573 Your is there's a transaction. 127 00:06:59,578 --> 00:06:59,793 Yeah. 128 00:06:59,853 --> 00:07:03,648 but, if I'm in, if I'm in the kind of, gonna dollar average and put The 129 00:07:04,818 --> 00:07:08,808 thousand dollars a month, a hundred dollars a week, 10 cents a day, whatever 130 00:07:08,913 --> 00:07:13,390 10 cents a day may not quite work, but, whatever I have said, Then lot of 131 00:07:13,390 --> 00:07:17,726 payments, The transaction cost on that is cheap compared to putting it, into 132 00:07:18,026 --> 00:07:20,086 a 401K and all those kind of things. 133 00:07:20,236 --> 00:07:20,768 It's just, 134 00:07:20,839 --> 00:07:21,379 It is. 135 00:07:21,407 --> 00:07:22,220 And a couple things. 136 00:07:22,220 --> 00:07:24,314 One is we're absolutely out of the gate. 137 00:07:25,169 --> 00:07:28,859 Certainly geared and catering towards retail clients all around the world. 138 00:07:29,249 --> 00:07:32,189 I think with that being said, the interesting thing about our setup 139 00:07:32,189 --> 00:07:35,088 is we do have two UXs, if you will. 140 00:07:35,088 --> 00:07:39,288 So we do have a user experience for the simpleton and which I 141

00:07:39,288 --> 00:07:42,408 actually love myself, where it's literally a one click by or sell. 142 00:07:42,873 --> 00:07:47,313 We have about six predetermined boxes from $50, I think up to a thousand. 143 00:07:47,703 --> 00:07:51,063 And then we have a customized box where you can type in whatever number you want. 144 00:07:51,123 --> 00:07:52,953 So we can do that for both buy and sell. 145 00:07:53,313 --> 00:07:57,843 And then if you are a more souped up kind of trader and technical analysis is your 146 00:07:57,843 --> 00:08:02,343 thing, we do have another option where you have all the technical capabilities 147 00:08:02,371 --> 00:08:03,955 all of our major competitors have. 148 00:08:04,255 --> 00:08:06,055 So it is offered to both. 149 00:08:06,115 --> 00:08:09,355 But I would say right now we're absolutely, certainly skew. 150 00:08:09,730 --> 00:08:13,609 More towards the retail investor and you mentioned, Deferred 151 00:08:13,609 --> 00:08:15,369 Invest, you mentioned 401k. 152 00:08:16,294 --> 00:08:20,554 I personally feel that once the United States governmental regulatory 153 00:08:20,554 --> 00:08:24,844 clarity starts coming into play, I think that crypto investing in 154 00:08:24,844 --> 00:08:28,504 IRA accounts and 4 0 1 accounts is going to be absolutely massive. 155 00:08:28,504 --> 00:08:31,754 And as a matter of fact, we are working very diligently. 156 00:08:31,754 --> 00:08:35,394 up and running by the end of this year to be the first cryptocurrency exchange 157 00:08:35,399 --> 00:08:39,672 that we know of, to be able to offer our US clients a direct way to invest 158 00:08:39,672 --> 00:08:41,442 in their irate from the exchange. 159 00:08:41,442 --> 00:08:45,182 a part of the industry's issue, I think, is the ecosystem is so cluttered. 160 00:08:45,207 --> 00:08:48,387 and to your point, just trying to make a simple transaction of four steps. 161 00:08:48,417 --> 00:08:51,749 What about if I wanna defier buy NFTs or buy, borrower lend 162 00:08:51,749 --> 00:08:54,659 or sake, or buy hard assets like commercial real estate starts starting to 163 00:08:54,659 --> 00:08:55,259 tokenize. 164 00:08:55,352 --> 00:08:57,695 It's extraordinarily Over time, we 165 00:08:57,695 --> 00:09:00,425 wanna collapse the ecosystem and offer everything blockchain, 166 00:09:00,877 --> 00:09:02,987 I've just read where one of the large. 167 00:09:04,112 --> 00:09:05,522 Fidelity type funds. 168 00:09:05,527 --> 00:09:09,647 I can't remember if one, but they were going to be offering people a chance to 169 00:09:09,647 --> 00:09:11,927 put crypto in their 401K or, whatever. 170 00:09:12,197 --> 00:09:17,012 They've announcement recently and like, Yeah, but I follow those things. 171 00:09:17,012 --> 00:09:20,773 I've never really been an investor, I've or, an index and 172 00:09:20,773 --> 00:09:22,363 let somebody else figure it out. 173 00:09:22,372 --> 00:09:26,610 And and nothing wrong with that, but you are leaning that direction. 174 00:09:26,680 --> 00:09:30,070 Those guys, there's no reason why you shouldn't be one of them in the future 175 00:09:30,070 --> 00:09:35,156 because instead of trying to system of the million other products, they. 176 00:09:35,996 --> 00:09:39,913 You're gonna we're start with the foundation you have, And when those things 177 00:09:39,913 --> 00:09:44,983 come it'll be better, won't be great when you can take a 401k and put it right into. 178 00:09:45,014 --> 00:09:45,762 Into crypto. 179 00:09:45,762 --> 00:09:47,538 And that's gotta come at some point. 180 00:09:47,988 --> 00:09:53,339 The more the SEC says they're wondering about it or the admin, the administration. 181 00:09:53,339 --> 00:09:56,872 I not for the date on it, but doesn't matter which president it is. 182 00:09:57,362 --> 00:10:01,051 always giving us mixed signals about what they wanna and, inevitable. 183 00:10:01,302 --> 00:10:03,637 It's like the more they say they're going to, I learned Oh, 184 00:10:03,637 --> 00:10:04,987 gosh, this was late seventies. 185 00:10:04,987 --> 00:10:05,827 I read that. 186 00:10:05,856 --> 00:10:09,089 Of the, one of the ways you can tell when somebody's gonna devalue 187 00:10:09,089 --> 00:10:13,090 the currency is the head of the country who says, We're looking good. 188 00:10:13,137 --> 00:10:14,611 We'll never devalue the currency. 189 00:10:14,971 --> 00:10:15,933 And then, one's coming, 190 00:10:16,728 --> 00:10:17,398 Exactly. 191 00:10:17,548 --> 00:10:18,988 That's a kiss to death right then and 192 00:10:18,994 --> 00:10:19,818 say they're lying. 193 00:10:19,818 --> 00:10:21,168 We'll just say that they're wrong. 194 00:10:21,378 --> 00:10:22,038 When you say 195 00:10:22,038 --> 00:10:22,218 that 196 00:10:22,379 --> 00:10:26,343 Look, I think, United States government has so many different competing 197 00:10:26,343 --> 00:10:28,293 factions from the regulatory environ. 198 00:10:28,938 --> 00:10:32,899 From, the scc and then you have the cftc, then you have self 199 00:10:32,899 --> 00:10:36,487 regulatory organizations and you have of different people. 200 00:10:36,492 --> 00:10:39,472 And then with banking involved, you have the F I C, You have the Office 201 00:10:39,472 --> 00:10:41,341 of the control currency, the occ. 202 00:10:41,671 --> 00:10:45,451 So there are a lot of moving parts and unfortunately no 203 00:10:45,451 --> 00:10:47,295 one I think which is really it 204 00:10:47,323 --> 00:10:48,353 ' snuck up on em. 205 00:10:48,353 --> 00:10:52,132 You They've hearing about this thing in the background for years and all of It 206 00:10:52,230 --> 00:10:54,922 had this kind of industry, but it's time for them to 207 00:10:55,016 --> 00:10:59,956 of when Detroit was telling us that the Japanese car were small and not useful. 208 00:10:59,956 --> 00:11:00,248 , There we 209 00:11:00,318 --> 00:11:02,713 a 67 Dotson as my first car. 210 00:11:03,313 --> 00:11:06,531 And it was an automatic, And I

gotta tell you, had not figured 211 00:11:06,531 --> 00:11:07,881 out automatic transmission. 212 00:11:08,181 --> 00:11:09,531 in 1967. 213 00:11:09,795 --> 00:11:15,184 the man, I felt like all I did was working part-time in high school was to that car 214 00:11:15,184 --> 00:11:16,960 repaired in the automatic transmission. 215 00:11:17,311 --> 00:11:23,658 I on to drive two 80 Zs and loved, Nissans, but boy, that's 67, Dawson 216 00:11:24,678 --> 00:11:24,988 I was 217 00:11:24,988 --> 00:11:25,242 Look 218 00:11:25,247 --> 00:11:27,239 when they said the Japanese can't make a car. 219 00:11:27,328 --> 00:11:27,688 But 220 00:11:27,788 --> 00:11:28,599 and I think that's a. 221 00:11:28,768 --> 00:11:31,738 they now make a lot of American cars right here in the us 222 00:11:32,814 --> 00:11:35,154 And that's a great analogy for crypto right now. 223 00:11:35,184 --> 00:11:40,065 It's still very chunky, clunky, scary, but over time these going to be worked 224 00:11:40,065 --> 00:11:44,145 out and over time when you have firms like ours and platforms like ours, 225 00:11:44,780 --> 00:11:47,480 That are there, because here's the thing everybody keeps talking about. 226 00:11:47,700 --> 00:11:48,870 What, happens when the next billion. 227 00:11:48,870 --> 00:11:49,844 comes and the next We're not. 228 00:11:49,844 --> 00:11:51,104 We're nowhere near the first billion. 229 00:11:51,214 --> 00:11:55,436 to 3.3 x multiple from where we are right now just to get there, and we're 230 00:11:55,436 --> 00:11:57,133 never going to get understand it. 231 00:11:57,223 --> 00:11:57,526 And that's 232 00:11:57,580 --> 00:12:00,783 I that And the beauty of this is when you're investing in Bitcoin, 233 00:12:00,783 --> 00:12:02,913 because Bitcoin is unique in that? 234 00:12:02,913 --> 00:12:07,444 it's very hard as a hard currency, you can't make more not to say that 235 00:12:07,444 --> 00:12:09,664 Bitcoin is gonna be preeminent forever. 236 00:12:10,679 --> 00:12:11,939 How can I predict that? 237 00:12:11,939 --> 00:12:14,435 No one can't, but it sure appears like they right. 238 00:12:14,865 --> 00:12:17,255 And if you're smart enough to get your Bitcoin and not from 239 00:12:17,592 --> 00:12:21,180 exchanges understanding wallets or all the things you are talking 240 00:12:21,180 --> 00:12:22,864 and you hold it it's going up. 241 00:12:22,869 --> 00:12:25,034 So the prediction I heard this is about a year ago. 242 00:12:25,070 --> 00:12:27,378 They were predicting the that we've seen this year. 243 00:12:27,798 --> 00:12:32,257 And they were saying that, On in the long term these guys that 244 00:12:32,257 --> 00:12:37,343 bought it at, 200 or $30 or the first thou under a thousand range. 245 00:12:37,348 --> 00:12:40,553 All those guys from 10 years ago saying that we've been watching 246 00:12:40,733 --> 00:12:44,992 The Economist showed us a chart where when the amount of Bitcoin. 247 00:12:45,632 --> 00:12:51,339 Goes, 10 x the value And so that is, that's been very helpful for a year where 248 00:12:51,569 --> 00:12:54,311 I've seen a lot of variance crypto is. 249 00:12:54,681 --> 00:12:56,041 It could go to zero. 250 00:12:56,041 --> 00:12:58,201 We could all lose all that's possible. 251 00:12:58,214 --> 00:13:02,575 probable I've now read about in fact I recommend to everyone 252 00:13:02,575 --> 00:13:04,385 to read the Bitcoin standard. 253 00:13:05,100 --> 00:13:07,250 the book has the Bitcoin standard. 254 00:13:07,292 --> 00:13:09,843 And it talks about monetary systems. 255 00:13:09,843 --> 00:13:13,443 Going way back, you have to get almost the second half of the book before you 256 00:13:13,443 --> 00:13:18,209 talk much about Bitcoin and you just go This is the hardest of hard currencies. 257 00:13:19,634 --> 00:13:25,032 Gold has been monetized where the same bar gold could be sold to held and 258 00:13:25,386 --> 00:13:27,036 derivatives or whatever to grow that. 259 00:13:27,586 --> 00:13:30,859 have something like that, but Bitcoin, it can't away. 260 00:13:31,340 --> 00:13:32,150 It's there. 261 00:13:32,198 --> 00:13:33,908 Say they're not gonna inflate it. 262 00:13:34,308 --> 00:13:35,530 There's just no way to do. 263 00:13:35,668 --> 00:13:40,516 So I think that's start looking, and I'm at the time, Bitcoin was in the 40 264 00:13:40,516 --> 00:13:44,506 to 50 range and I'm going like, Yep, 10 x, that's about what they're say, 265 00:13:44,511 --> 00:13:46,605 and then the, next cycle, is possible. 266 00:13:46,608 --> 00:13:51,000 They also were saying the cycle we just had within closer to a hundred. 267 00:13:51,300 --> 00:13:55,530 But if I go back right to the where these same experts were predicting before that. 268 00:13:55,530 --> 00:13:59,072 cycle, they were saying between 60 and. 269 00:14:00,137 --> 00:14:01,906 And sure enough, middle of that. 270 00:14:02,159 --> 00:14:06,137 I'm not smart enough to at that price and then bought back at 15. 271 00:14:06,759 --> 00:14:07,908 The best I can do. 272 00:14:07,908 --> 00:14:13,636 Yeah, I don't worry that, I've 75% of my net worthing but it's gone down that much. 273 00:14:13,686 --> 00:14:15,315 It, it's gonna go back up. 274 00:14:15,315 --> 00:14:18,218 And I'm I didn't buy this stuff to trade. 275 00:14:18,292 --> 00:14:22,882 And so for retail investors, that makes perfect sense to be able to get into 276 00:14:22,882 --> 00:14:25,912 something simple and just leave it alone. 277 00:14:26,927 --> 00:14:27,107 That's 278 00:14:27,292 --> 00:14:29,392 buying Coca-Cola stock in the twenties. 279 00:14:30,392 --> 00:14:31,712 I think that's sound advice. 280 00:14:31,712 --> 00:14:35,692 Look, I think that just like in the equity markets or any other trad I 281 00:14:35,692 --> 00:14:40,102 think that everything begins with someone doing their research and due diligence. 282 00:14:40,162 --> 00:14:43,183 I think that you need to look at some solid coins and. 283 00:14:43,773 --> 00:14:46,622 Again,

this is not investment advice, if you, when you're dipping your toe 284 00:14:46,622 --> 00:14:51,542 in the proverbial crypto pool, I think to your point, owning Bitcoin and E as 285 00:14:51,542 --> 00:14:55,654 starters, just to get your sea legs from under you makes an awful lot of sense. 286 00:14:55,654 --> 00:14:58,484 There are currently 20,000 cryptocurrencies there today. 287 00:14:58,844 --> 00:15:02,264 If you ask me personally, how many do I think survive, I would think 288 00:15:02,264 --> 00:15:05,354 90% actually fail at least 90%. 289 00:15:05,359 --> 00:15:09,785 I think it's gonna be very similar to the.com bust of, 99, 2000, 2000. 290 00:15:10,265 --> 00:15:15,305 But just because 90% fail does not mean it's an indictment on the entire industry. 291 00:15:15,310 --> 00:15:18,695 There are really some really solid sound projects and teams and 292 00:15:18,695 --> 00:15:20,975 founders that are doing great things. 293 00:15:21,005 --> 00:15:24,515 And I think, again, it's going to be, there are gonna be so many 294 00:15:24,515 --> 00:15:26,045 different things that are coming down 295 00:15:26,315 --> 00:15:27,911 the pike blockchain, so can 296 00:15:27,911 --> 00:15:30,282 even right now to be happening and happening. 297 00:15:30,282 --> 00:15:31,613 And again, I just how are 298 00:15:31,613 --> 00:15:32,063 in this whole 299 00:15:32,121 --> 00:15:32,805 to invest. 300 00:15:32,805 --> 00:15:34,844 I need to, d I believe in. 301 00:15:34,844 --> 00:15:37,624 what you're doing I hold some and what you're doing some 302 00:15:37,629 --> 00:15:39,643 equity in this, but yeah. 303 00:15:39,643 --> 00:15:42,216 That's why because this is a company it doesn't take. 304 00:15:43,056 --> 00:15:46,577 The your token or Your company going up. 305 00:15:46,847 --> 00:15:47,657 to make the money. 306 00:15:48,017 --> 00:15:48,886 It should. 307 00:15:48,987 --> 00:15:51,658 But it's the, maybe I'm saying that wrong. 308 00:15:51,756 --> 00:15:53,386 It really is Your company will go up. 309 00:15:53,386 --> 00:15:54,985 It's not about everything going up. 310 00:15:55,555 --> 00:15:57,006 Bitcoin can crash. 311 00:15:57,006 --> 00:16:01,797 We can all buy it at $5 again, and, the long run, crypto is going to win. 312 00:16:01,797 --> 00:16:05,774 And the companies that build a base taking care of their customer, of 313 00:16:05,774 --> 00:16:09,988 having technology and of course have customer service are gonna be around. 314 00:16:10,438 --> 00:16:14,025 And, yeah, I can't predict that your company's gonna do well, 315 00:16:14,025 --> 00:16:16,173 But am telling about two Crypto. 316 00:16:16,173 --> 00:16:18,003 that's, why I had you on the show. 317 00:16:18,213 --> 00:16:23,406 So all, all disclosures doing this if I But still, it you've gotta, 318 00:16:24,486 --> 00:16:25,686 But that's, I think it's math. 319 00:16:25,686 --> 00:16:28,366 I learned when I was working and publishing for a while. 320 00:16:28,434 --> 00:16:33,644 There are plenty of books out where the publisher just counts on most 321 00:16:33,644 --> 00:16:37,364 of them failing, which is sad cuz most of the authors is their life's 322 00:16:37,364 --> 00:16:38,794 work they put into that book. 323 00:16:38,881 --> 00:16:43,410 But they'll take and if five of them break even, one will make 324 00:16:43,410 --> 00:16:44,580 enough money to cover doing. 325 00:16:45,900 --> 00:16:48,112 And true people in entertainment. 326 00:16:48,382 --> 00:16:54,379 There are movies that bomb and there's grossly inflated profits They a lot more. 327 00:16:54,379 --> 00:16:57,702 It's not that it's gross that they make profit, dollar franchises 328 00:16:57,912 --> 00:17:01,882 that had trouble selling the first script and those are possible. 329 00:17:01,972 --> 00:17:07,222 and where else could you be getting kinda stuff except for investing in 330 00:17:07,222 --> 00:17:11,182 the infrastructure, It's gonna take as we convert the world to, to all 331 00:17:11,182 --> 00:17:13,372 crypto and bypass a lot of the banking. 332 00:17:14,160 --> 00:17:18,519 And look, I, when I was working in traditional finance or trad pie, as 333 00:17:18,519 --> 00:17:22,719 the cool kids are calling it these days, there were a couple of words 334 00:17:22,929 --> 00:17:26,909 that were used that have bled over into the web three blockchain space. 335 00:17:26,914 --> 00:17:29,499 And the first word is democratization. 336 00:17:30,014 --> 00:17:32,876 And on Wall Street for almost three decades, there's very 337 00:17:32,876 --> 00:17:34,466 little democratization out there. 338 00:17:34,466 --> 00:17:34,736 it. 339 00:17:34,736 --> 00:17:37,807 is really about ultimately ripping off your clients, whether it's 340 00:17:37,807 --> 00:17:41,362 a big institutional pension fund or an individual investor. 341 00:17:41,452 --> 00:17:43,552 And that's the sad commentary of it. 342 00:17:43,612 --> 00:17:49,012 And when I came into the blockchain world, but at this stage of my career, There's a 343 00:17:49,012 --> 00:17:51,502 big altruistic slant to what we're doing. 344 00:17:51,580 --> 00:17:54,460 Don't get me wrong, we're a for profit company, but we do want to 345 00:17:54,460 --> 00:17:59,140 help people and we know that there has been so many people that have been 346 00:17:59,140 --> 00:18:02,860 hurt and locked out of banking in the financial system since the daunting 347 00:18:02,860 --> 00:18:04,780 of man, even in the United States. 348 00:18:04,780 --> 00:18:07,210 This is a global statistic, but it includes United States, 349 00:18:07,480 --> 00:18:08,860 one in five, around the world. 350 00:18:08,890 --> 00:18:10,330 20% of the world is either un. 351 00:18:10,770 --> 00:18:15,540 Or underbanked, but almost everyone has access or owns the mobile phone. 352 00:18:15,660 --> 00:18:19,527 And if you own that mobile phone, you can now play because now 353 00:18:19,527 --> 00:18:21,567 open an account and hold

crypto. 354 00:18:21,927 --> 00:18:24,687 So When you think about democratization, that really does 355 00:18:24,687 --> 00:18:26,307 start to level the playing field. 356 00:18:26,337 --> 00:18:29,212 and then we start talking about building community And about. 357 00:18:29,212 --> 00:18:32,964 When you and I grew up born, our community was our little en plate, maybe a mile 358 00:18:32,964 --> 00:18:34,614 or two from our, from where we lived. 359 00:18:34,614 --> 00:18:35,004 And that was. 360 00:18:35,629 --> 00:18:39,725 But today with what all the technol technology we have communities 361 00:18:39,725 --> 00:18:42,515 built up all over the world because really C communities, nothing more 362 00:18:42,515 --> 00:18:44,405 than a commonality, a like interest. 363 00:18:44,410 --> 00:18:45,575 And that's what we're trying to do. 364 00:18:45,575 --> 00:18:49,305 We're trying to say, Hey, this stuff is difficult, this stuff is complicated, but 365 00:18:49,305 --> 00:18:50,889 understand the power of this technology. 366 00:18:50,889 --> 00:18:52,539 Now it's going up, change the world. 367 00:18:52,839 --> 00:18:56,019 And even though someone might have built the greatest widget in the entire world, 368 00:18:56,109 --> 00:18:58,689 if no one knows how to use it it's just gonna sit there and nothing's gonna 369 00:18:58,689 --> 00:18:59,049 happen. 370 00:18:59,559 --> 00:19:00,450 So I'm not pick. 371 00:19:00,965 --> 00:19:01,715 I found that something. 372 00:19:01,715 --> 00:19:06,335 you can look at, almost everything I come across, is it moving for 373 00:19:06,335 --> 00:19:08,555 centralization or decentralization? 374 00:19:09,095 --> 00:19:11,738 I don't get involved with politics because be centralized. 375 00:19:12,269 --> 00:19:14,279 They've got the idea that government can fix something. 376 00:19:14,279 --> 00:19:18,719 I just watched, it was an old report my wife had on YouTube an hour ago. 377 00:19:18,959 --> 00:19:23,700 Know something about And my opinion of FEMA is they give too much money one time 378 00:19:23,700 --> 00:19:25,702 and not enough money for the next crisis. 379 00:19:25,942 --> 00:19:28,916 And they're always trying to the reason I bring it up is people were 380 00:19:28,921 --> 00:19:31,265 saying, This is what's wrong And 381 00:19:31,379 --> 00:19:31,529 I 382 00:19:31,529 --> 00:19:31,769 think 383 00:19:31,954 --> 00:19:37,203 who agree with says maybe private people can take care of each other a little bit. 384 00:19:37,270 --> 00:19:42,148 Of course we want to care when there's a hurricane or a flood or whatever, but is 385 00:19:42,153 --> 00:19:44,518 it the centralizing control, the answer? 386 00:19:44,728 --> 00:19:46,138 And I find that in everything. 387 00:19:46,588 --> 00:19:50,018 And in centralized federal government and the bankers who. 388 00:19:50,633 --> 00:19:53,987 Maybe control the federal buddies the federal government, however 389 00:19:53,987 --> 00:19:57,780 you want to put that they're all for keeping this centralized cuz of 390 00:19:57,780 --> 00:19:59,370 the more money and power they have. 391 00:19:59,979 --> 00:20:04,721 And I just, it led me to the idea that, Wall Street is 392 00:20:04,721 --> 00:20:07,693 corrupt in a not a legal way. 393 00:20:08,143 --> 00:20:09,792 They may be breaking what I'm here about. 394 00:20:10,392 --> 00:20:13,632 The corruption of Inter for Society is that we take the 395 00:20:13,632 --> 00:20:14,862 best and the brightest qu. 396 00:20:15,882 --> 00:20:20,537 And have them apply their knowledge to how we can get, say a transaction 397 00:20:20,537 --> 00:20:26,013 through in a, in faster so that trade, we can buy it, buy something after we 398 00:20:26,013 --> 00:20:31,356 sell it, and have a locked in profit, dark pools and all that kind of of stuff. 399 00:20:31,356 --> 00:20:32,576 And that go wait a minute. 400 00:20:32,876 --> 00:20:35,876 All of those people working to do good in the world. 401 00:20:36,626 --> 00:20:37,586 Would be wonderful. 402 00:20:37,586 --> 00:20:40,103 They, what they do those guys making a lot more money. 403 00:20:40,493 --> 00:20:41,953 and do we need 'em? 404 00:20:41,958 --> 00:20:43,223 Do we need to run every transaction? 405 00:20:43,223 --> 00:20:44,813 We no longer need to have. 406 00:20:45,263 --> 00:20:50,052 I call broker who writes Microsoft on and waves it around to find 407 00:20:50,052 --> 00:20:52,494 somebody that wants or sell whatever. 408 00:20:52,644 --> 00:20:54,502 And those brokers are not needed. 409 00:20:54,502 --> 00:20:55,882 that margin is not needed 410 00:20:55,928 --> 00:20:56,108 right. 411 00:20:56,862 --> 00:20:58,272 More like a transaction. 412 00:20:58,332 --> 00:21:02,609 We need to something like the, Actually the Wall Street Bet Guy 413 00:21:02,659 --> 00:21:06,292 is working on this, now, he's, it's not Wall Street Bet's, the redhead. 414 00:21:06,703 --> 00:21:09,703 Their idea is Robin Hood is a democratized enough. 415 00:21:10,108 --> 00:21:13,437 Because they still clear everything through the big bangs and the hedge 416 00:21:13,437 --> 00:21:16,947 funds and things like that, which is what people got mad at in the whole game. 417 00:21:16,947 --> 00:21:17,307 Stop. 418 00:21:17,307 --> 00:21:19,467 And they had to shut down trading for a while. 419 00:21:19,857 --> 00:21:22,887 And when I talked to him, he says, Yeah, the future is going to be 420 00:21:23,157 --> 00:21:24,597 that I want to sell Microsoft. 421 00:21:24,597 --> 00:21:28,887 I sell it to you in some intermediary area that records this 422 00:21:28,887 --> 00:21:30,957 or whatever is gonna get there. 423 00:21:31,287 --> 00:21:35,028 Maybe a half a point could even on the transaction. 424 00:21:35,033 --> 00:21:37,598 So I can sell stock to my. 425 00:21:38,285 --> 00:21:40,205 Without somebody getting involved. 426 00:21:40,595 --> 00:21:43,487 and of Tim Grayer said this a few years ago. 427 00:21:43,907 --> 00:21:48,721 He

was speaking at an event I was at oh gosh, 2019 I think, he said that 428 00:21:48,721 --> 00:21:55,201 his tax return from his crypto trades was a good size box of paperwork. 429 00:21:55,540 --> 00:21:59,771 him months to compile and put together all the profits and losses and 430 00:22:00,131 --> 00:22:02,024 all that from the trading he did. 431 00:22:02,252 --> 00:22:04,700 a professional which, comes under a little bit different rules. 432 00:22:04,700 --> 00:22:09,667 These were, capital gains and holding for a wallet, just as an investor. 433 00:22:09,683 --> 00:22:10,891 And what a. 434 00:22:11,601 --> 00:22:14,721 And he proposed, he was actually on stage with somebody, was 435 00:22:15,051 --> 00:22:16,791 total for total anarchy. 436 00:22:17,121 --> 00:22:20,541 And the great thing about crypto is you'll nev, you never have to pay taxes. 437 00:22:21,141 --> 00:22:22,521 And he says, That's just wrong. 438 00:22:22,941 --> 00:22:24,588 we should taxes that we owe. 439 00:22:24,858 --> 00:22:29,898 And the way to get to that is to make it like, Every transaction, a point 440 00:22:29,898 --> 00:22:34,760 goes to the government or whatever the number is, and and then the taxes 441 00:22:34,760 --> 00:22:37,460 get collected and everybody prosper. 442 00:22:37,760 --> 00:22:40,762 I think they ought to collect a They ought to decentralize more, 443 00:22:40,767 --> 00:22:42,262 let the states control things. 444 00:22:42,267 --> 00:22:45,922 But, and actually we find that the most innovative government comes 445 00:22:45,922 --> 00:22:50,320 to the city and county level, state and so yeah, get rid of most of that 446 00:22:50,320 --> 00:22:52,743 federal infrastructure, but I'm anar. 447 00:22:53,373 --> 00:22:57,909 Because when I became Libertarian I learned that, Libertarians only want to 448 00:22:57,909 --> 00:23:00,129 get rid of 90% of the federal government. 449 00:23:00,549 --> 00:23:04,435 And I I looked at and I going, Okay, I'm skeptical at that. 450 00:23:04,870 --> 00:23:10,976 But if we go for 90 and we only get 40, wouldn't that be So got reduce, Make 451 00:23:10,976 --> 00:23:15,368 it Bypass Wall Street Bypass, about what's gonna be in your school lunch. 452 00:23:15,764 --> 00:23:16,689 Whatever that is. 453 00:23:16,929 --> 00:23:19,140 I don't know that they do that I shouldn't give 'em my 454 00:23:19,145 --> 00:23:20,200 ideas if they're not already. 455 00:23:22,188 --> 00:23:24,288 that the whole notion that you were speaking about a few minutes 456 00:23:24,293 --> 00:23:28,086 ago, the peer-to-peer And getting rid of the the middle man. 457 00:23:28,416 --> 00:23:29,886 That's certainly coming. 458 00:23:29,946 --> 00:23:31,638 And I think that all the 459 00:23:31,638 --> 00:23:34,638 things That you just soak about with the record keeping and all of that, 460 00:23:34,638 --> 00:23:36,090 I again, the blockchain's just the 461 00:23:36,100 --> 00:23:36,943 Beautiful place. 462 00:23:37,213 --> 00:23:38,353 to record all these things. 463 00:23:38,353 --> 00:23:40,423 And I think all of these securities are gonna be 464 00:23:40,423 --> 00:23:41,113 digitized And 465 00:23:41,203 --> 00:23:42,779 even recent unicorns, Uber. 466 00:23:43,214 --> 00:23:46,315 That was rid of the taxi companies in the fleet and the 467 00:23:46,315 --> 00:23:47,785 maintenance all at one place. 468 00:23:48,025 --> 00:23:50,395 Put that out to the driver to take care of. 469 00:23:50,670 --> 00:23:54,803 And there's people to complain about the Uber situation, what, how they 470 00:23:54,803 --> 00:23:56,993 treat driver, but not the drivers. 471 00:23:57,088 --> 00:23:58,258 ask every single one. 472 00:23:58,558 --> 00:24:02,964 They driving for say they look forward to being in their car 14 hours in a day 473 00:24:02,964 --> 00:24:08,959 sometimes, and you, But then They say I don't have to, if they need kid sick they 474 00:24:09,109 --> 00:24:12,203 punch out of the app And go do, of their. 475 00:24:12,998 --> 00:24:15,727 They work more that or the next morning whatever. 476 00:24:16,046 --> 00:24:19,736 Very few of them work a standard every day, like it's a job. 477 00:24:20,156 --> 00:24:24,189 And the, all the ideas about unionizing, everything is we need to centralize. 478 00:24:24,283 --> 00:24:24,403 No. 479 00:24:24,563 --> 00:24:25,973 It's pretty good the way it works. 480 00:24:26,183 --> 00:24:29,453 However, they do complain about how much money Uber gets. 481 00:24:29,813 --> 00:24:33,623 And to think 10 years ago, we're going, Thank goodness for Uber 482 00:24:33,803 --> 00:24:38,297 because it was going Democratize and make the pricing better on and the 483 00:24:38,297 --> 00:24:40,907 availability so much better on taxis. 484 00:24:41,147 --> 00:24:44,717 Which could they, the taxis could have put in a right hailing service. 485 00:24:45,137 --> 00:24:47,532 They had the fleets, they had the ability to do it. 486 00:24:47,532 --> 00:24:51,132 They didn't, Someone came along and innovated and now when I 487 00:24:51,132 --> 00:24:55,602 talked to 'em and I remind them of, we've got blockchain now. 488 00:24:56,052 --> 00:25:00,432 There's no reason that, that trust, that Uber brings of knowing that you're 489 00:25:00,432 --> 00:25:02,125 not gonna get murdered when you a. 490 00:25:03,050 --> 00:25:09,794 could be handled an agency that does the equivalent KYC KYC for rider. 491 00:25:10,154 --> 00:25:15,068 And and then you could just pay and, a transaction fee, something like a 492 00:25:15,068 --> 00:25:19,653 merchant fee, so a few percent could go to whatever organization takes care of it. 493 00:25:19,713 --> 00:25:22,542 And again, we could be paying the drivers more for. 494 00:25:23,097 --> 00:25:27,498 not anti Uber I'm a total Uber fan, but I know it's not the ultimate. 495 00:25:27,503 --> 00:25:29,326 The ultimate is I need something. 496 00:25:29,326 --> 00:25:30,256 I push a button. 497 00:25:30,256 --> 00:25:30,316

I. 498 00:25:30,626 --> 00:25:31,186 can do that. 499 00:25:31,706 --> 00:25:34,289 I want not to just get Uber that is gonna come pick me up. 500 00:25:34,289 --> 00:25:35,459 and take me to the airport. 501 00:25:35,759 --> 00:25:40,521 I want to push a button and the, I bypass security at the airport because I. 502 00:25:40,911 --> 00:25:42,782 Done my proper KYC for that. 503 00:25:43,112 --> 00:25:45,718 I get onto the plane, another Uber picks me up. 504 00:25:45,908 --> 00:25:50,026 They now have that when you land, the Uber driver gets notified. 505 00:25:50,701 --> 00:25:54,833 I just had my pick me up last week in la and he airport and 506 00:25:54,833 --> 00:25:56,156 he is an Uber driver part-time. 507 00:25:56,409 --> 00:26:00,572 And and then, when you get, when you land and you're gonna send the text, 508 00:26:00,745 --> 00:26:03,085 and I get a text from him saying 509 00:26:03,112 --> 00:26:03,382 Look, 510 00:26:03,417 --> 00:26:05,037 you already the plane that landed. 511 00:26:06,022 --> 00:26:09,077 get getting back to simplicity, that's what people prefer. 512 00:26:09,177 --> 00:26:12,128 And I think with Uber, their UI is simple. 513 00:26:12,128 --> 00:26:13,088 It's consistent. 514 00:26:13,088 --> 00:26:13,178 The 515 00:26:13,478 --> 00:26:16,568 UX is not so much consistent because it depends on which driver you get. 516 00:26:16,568 --> 00:26:17,108 I've had some. 517 00:26:17,147 --> 00:26:20,412 a 75% of the way there that I can imagine. 518 00:26:20,682 --> 00:26:24,552 But ultimately, I imagine this just happening for everybody in our 519 00:26:25,042 --> 00:26:29,815 lifetimes, to live another 40 years, in our lifetimes, I don't see it, it 520 00:26:29,815 --> 00:26:31,825 happening that everything like this. 521 00:26:31,825 --> 00:26:32,575 has worked out. 522 00:26:32,575 --> 00:26:37,017 But I use dry cleaners, in dry cleaning, You can, can get a special time. 523 00:26:37,017 --> 00:26:39,597 You can be told, Hey, you're not here. 524 00:26:39,657 --> 00:26:41,037 You said you needed this. 525 00:26:41,097 --> 00:26:41,937 It's important. 526 00:26:41,937 --> 00:26:43,091 You want to have it delivered. 527 00:26:43,091 --> 00:26:46,345 You wanna wait for it because, I need my power suit to fly to 528 00:26:46,345 --> 00:26:47,875 the east coast on an overnight. 529 00:26:48,885 --> 00:26:51,520 and it's five o'clock and they promised to have it ready and 530 00:26:51,520 --> 00:26:53,331 it was ready but Warren forgot. 531 00:26:53,331 --> 00:26:58,251 I'm running late, getting ready for the big presentation, and I want them to do 532 00:26:58,281 --> 00:27:00,111 bend over backwards to take care of me. 533 00:27:00,111 --> 00:27:01,011 and I'll pay 'em for it. 534 00:27:01,596 --> 00:27:03,446 to the right corner, I want none of that. 535 00:27:03,446 --> 00:27:06,035 I want to drop it off, come back in a few weeks. 536 00:27:06,245 --> 00:27:08,496 They've up when I'm in the neighborhood and it's. 537 00:27:09,481 --> 00:27:09,763 Funny. 538 00:27:09,763 --> 00:27:13,326 I've been using that I now think about how many years since I got dry cleaning. 539 00:27:13,407 --> 00:27:13,647 , Thank 540 00:27:13,701 --> 00:27:14,631 Yeah, you can be both. 541 00:27:14,876 --> 00:27:15,276 yeah. 542 00:27:15,276 --> 00:27:18,749 We all dress more casual, work at home and everything's yeah. 543 00:27:18,754 --> 00:27:22,402 Ultimately all those things are could have multi notifications not. 544 00:27:23,775 --> 00:27:28,447 Contact me on WhatsApp, Telegram Google Chat. 545 00:27:28,507 --> 00:27:29,467 I don't know why. 546 00:27:29,516 --> 00:27:32,069 Email, text and Facebook. 547 00:27:32,489 --> 00:27:36,659 One guy does all of those and everything he needs is in a hurry. 548 00:27:36,989 --> 00:27:38,219 He is crypto logo. 549 00:27:38,609 --> 00:27:41,477 He is flying all over the world, and when he needs. 550 00:27:41,875 --> 00:27:43,231 He wants something right away. 551 00:27:43,531 --> 00:27:44,581 He's also a friend. 552 00:27:44,791 --> 00:27:46,921 that's why he gets into Facebook Messenger. 553 00:27:47,191 --> 00:27:52,133 I don't want use that with And and he texts me And I get it and, oh, that's it. 554 00:27:52,133 --> 00:27:53,923 I was every time I woke up. 555 00:27:54,088 --> 00:27:54,388 check. 556 00:27:54,531 --> 00:27:57,141 Maybe he needs something cause he's trying to get a new site. 557 00:27:58,671 --> 00:28:01,168 and I control his dns trust me with that. 558 00:28:01,438 --> 00:28:05,088 And yeah, here, redirect this It The work takes five minutes. 559 00:28:05,448 --> 00:28:07,668 The keeping track of It takes a lot of effort 560 00:28:08,459 --> 00:28:08,819 Yeah. 561 00:28:09,468 --> 00:28:11,208 And I get paid well for what I do. 562 00:28:11,208 --> 00:28:12,822 But yeah he did recently. 563 00:28:12,822 --> 00:28:13,652 it was 24 hours. 564 00:28:13,652 --> 00:28:13,982 later. 565 00:28:13,982 --> 00:28:16,502 I'm going like, I never used this channel. 566 00:28:16,502 --> 00:28:17,615 It just that somebody else. 567 00:28:18,290 --> 00:28:20,317 And then trying to get me ahold of me in that channel. 568 00:28:20,317 --> 00:28:23,209 I wanted Oh gosh, I'd let it go 24 hours. 569 00:28:23,659 --> 00:28:27,686 He's not upset or anything, but, I like to keep to the standard that if somebody 570 00:28:27,691 --> 00:28:29,096 asks for something, I get it done. 571 00:28:29,096 --> 00:28:34,314 And we, system, the AI that's gonna take care of all that and know how to 572 00:28:34,314 --> 00:28:36,804 get me, I gotta watch that's connected. 573 00:28:37,104 --> 00:28:38,454 Why can't my watch beep? 574 00:28:38,484 --> 00:28:39,804 Only when it's important. 575 00:28:40,274 --> 00:28:41,204 All the tech is. 576 00:28:42,149 --> 00:28:45,989 But I've gotta set it up so that each one of those nodes to ping my watch 577 00:28:46,349 --> 00:28:48,629 at the right time, keep some record. 578 00:28:48,629 --> 00:28:52,248 It's almost like I gotta write software for it, but piece of cake. 579 00:28:52,668 --> 00:28:54,198 So I like what you're doing. 580 00:28:54,198 --> 00:28:58,428 We're solving everyday problems for everyday people and something 581 00:28:58,428 --> 00:29:01,218 that just the scalability of what you're doing is so great. 582 00:29:01,248 --> 00:29:05,081 It's not gonna go by a hundred times cuz a hundred times is 300%. 583 00:29:05,591 --> 00:29:06,044 So pop. 584 00:29:06,514 --> 00:29:08,404 In volume of crypto. 585 00:29:08,584 --> 00:29:08,974 Yeah. 586 00:29:09,334 --> 00:29:15,681 Cause most of the 3% is still people I think crasher down market, the players 587 00:29:16,011 --> 00:29:17,541 and some of 'em just don't come back. 588 00:29:17,541 --> 00:29:23,244 So actively using crypto and having a significant amount of money in. 589 00:29:23,353 --> 00:29:27,883 Gotta be more like 1%, so that can grow by a hundred . And 590 00:29:27,898 --> 00:29:29,068 then the volume, of course. 591 00:29:29,098 --> 00:29:30,118 So great. 592 00:29:30,148 --> 00:29:31,138 Where do we find you? 593 00:29:32,288 --> 00:29:37,283 H2crypto.io is the website, and 594 00:29:37,853 --> 00:29:43,921 that is we're also on Facebook, LinkedIn, and Twitter and TikTok should be but we're 595 00:29:43,926 --> 00:29:45,961 on all the regular social media 596 00:29:46,206 --> 00:29:50,147 Yeah, we're gonna get on TikTok, Crypto crypto your crypto, and. 597 00:29:50,357 --> 00:29:53,092 you've got h2o, clever thing in the logo, 598 00:29:53,718 --> 00:29:54,144 Very 599 00:29:54,144 --> 00:29:54,684 liquid. 600 00:29:54,779 --> 00:29:55,499 We'll, just, yes. 601 00:29:55,499 --> 00:29:59,403 It's very liquid And it flows well, but, And that's good. 602 00:29:59,643 --> 00:30:01,849 and it's for being crypto related. 603 00:30:02,401 --> 00:30:02,821 great. 604 00:30:02,821 --> 00:30:06,094 So go to H two crypto.io and find out about it. 605 00:30:06,180 --> 00:30:07,808 things there check 'em out. 606 00:30:08,146 --> 00:30:12,323 No one, I can't tell you what to invest in but I can tell you that I invest. 607 00:30:12,328 --> 00:30:13,023 That's okay. 608 00:30:13,023 --> 00:30:15,690 And And what I heavily invested in is 609 00:30:15,690 --> 00:30:19,470 decentralization, and I think you guys are moving us forward in a 610 00:30:19,470 --> 00:30:21,903 significant way when this takes off. 611 00:30:21,908 --> 00:30:25,792 So thank you for being on the show and we'll catch you all next time.