TRANSCRIPT 🔗
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Warren Whitlock: Tell us, JT, who are
you and why are you a podcast guest?
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Jonathan Thomas: I'm a podcast
guest because you were kind enough
to let me come on your show.
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And I gotta say, Warren, you are
kinda like the North Star of abundance
thinkers, and you're very well-known
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in the industry, and I think it's a
great pleasure to be on your show.
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I'm a co-founder of Algomash.
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We're a startup.
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We're based in San Diego.
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We, launched the company back
in 2019 just before COVID hit.
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A great time to launch a company.
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Warren Whitlock: you were the cause.
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Jonathan Thomas: Yes.
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I was the cause.
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Warren Whitlock: I
thought it was me, but…
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Jonathan Thomas: and basically what
we do is, we let you use your RGB
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smartphone camera to record your
face, and it spits out 10 biomarkers.
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Okay.
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So that's what we do.
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Warren Whitlock: All right.
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So let me get into that
just real quick here.
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If I put this thing on my, app on
my phone, and then take a picture of
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my face, it's gonna, or it's video,
A little bit more than one picture.
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It's a nine-second video
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Jonathan Thomas: clip.
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Warren Whitlock: Okay.
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And then it's gonna just, it right
there tell me, or does it send
it off to a service, or what am I
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sharing my face with a big database,
or is this right on the app?
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Jonathan Thomas: it takes a few seconds
to monitor your face, and then it
spits you out the, 10 biomarkers.
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Warren Whitlock: Cool.
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Jonathan Thomas: So-
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Warren Whitlock: Cool
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…
Jonathan Thomas: we have a
kind of a different paradigm.
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We look at the smartphone camera as
a universal physiological, interface.
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And our central theme is that
physiological state is massively
overdetermined in a facial scan.
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There is so much data that comes out of
that scan, and you can literally train an
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AI which sees these little subtle patterns
much better than humans can ever see them.
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And over time, given the right training,
it's able to learn these patterns.
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So when you feed it a new clip,
it spits out the biomarkers.
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Warren Whitlock: And do you do this
every day, or once a month, or-
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Jonathan Thomas: however often you want.
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So you have- my vision is ultimately, I
see this as running in the background.
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I don't wanna have to deal with an app,
but people are staring at their phone all
the time, or staring at their computer.
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guess what?
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That camera's staring back at you.
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And if your personal data is going to stay
resident on the edge device, whether it's
your smartphone or your computer- Yeah
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The camera pops up, takes a scan
of your face, and if you're doing
well, it doesn't need to notify you.
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But if you're getting dehydrated, or
your- glucose is spiking or decreasing,
then you should get a notice.
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the AI notices it and notifies
you and says, Warren, it's time
to get in and see a doctor."
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So let it run in the background.
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The other area where I see it,
coming on really strong is robotics.
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as robotics start living amongst us, I
want a robot that lives in my house, it
should be able to just come in my office,
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take a scan of my face, and understand
my particular metabolic- structure- at
this point in time and go off and make a
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beverage for me and make my food that's
tailor-made for where I'm at right now.
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that's kinda what I want.
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Warren Whitlock: So we're
talking about constant rather
than, periodically or anything.
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you describe it as the robot comes into
your office, but really it could just
be the robot was there for whatever.
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Jonathan Thomas: Yeah, exactly.
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Warren Whitlock: And the
monitor is running all the time.
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Jonathan Thomas: Correct.
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Warren Whitlock: I'm thinking about,
gosh, I stare at this screen for, let's
not try to put a number on it, but
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it's two digits of how much time I'm
spending, daily looking at a screen.
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and mirror was the first
one I came up with.
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every mirror should have a camera
in it, with of course the privacy
controls, but I'm not worried about
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that, If I'm shaving, I'd like my
camera there telling me what's going on.
Load full transcript
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'Cause I'm looking at my face and
I'm going, how do I look so old?
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I don't feel like I'm 70 years old.
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what the heck's going on here?
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And I'm planning to live another 80 years,
and let's get into that in a minute.
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but yeah, I think just
constant monitoring.
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I'm pissed that I have to go to my
watch and push a couple of buttons
and wait so that it can go from my
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watch to up my arm to the CGM sensor,
communicate, tell me it's broken half
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the time, reconnect, whatever, and
then spit out what my blood sugar is.
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Jonathan Thomas: Right.
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Warren Whitlock: I'm like, on my
phone I've got it on the lock screen.
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It's always on.
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And, uses some extra battery or something.
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I've just adjusted how often I
charge to make sure all that works.
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And yeah, and s- sleep.
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I'm pissed when I go to bed and realize
my watch is empty and I've gotta
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plug it in, and I'm not gonna stay
up for 20 minutes while it charges.
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I'm gonna fall asleep, and then I
don't have that night's sleep record.
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but I want all this stuff to
just go in the background, 'cause
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it ends up taking so much of my
foreground thinking right now.
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And so your tech is gonna work
wherever the camera is, right?
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Jonathan Thomas: Correct.
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Warren Whitlock: So why- Or,
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Jonathan Thomas: or even a microphone.
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Warren Whitlock: Oh, really?
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So right now I'm talking to you.
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I've got the camera on.
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We're on Zoom, and, that means that if it
was in my computer would be cut off from
the camera for the time we're talking.
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But ultimately, that'll be
something that's allowed for
in the camera so you can-
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Jonathan Thomas: Correct
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Warren Whitlock: share the feed.
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Yeah.
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There's all privacy issues and
stuff, and boy, my attitude to
privacy is, yes, take care of it.
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Don't bother me with it.
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Jonathan Thomas: Right.
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Warren Whitlock: So I take
care of- we don't have
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Jonathan
Thomas: any privacy
anyway, so get over it.
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Warren Whitlock: Yeah, exactly.
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that's my thinking.
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I'd like to think that if I'm
walking around naked that there's
not a record of that someplace.
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but, because… And my opinion about
if it's an open window is I close the
curtains because I care about humanity.
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I don't wanna ruin civilization
because I'm- … naked in front of
a window and they see my whole body.
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so it's, yeah, it's not about, being,
what's that, prudent or having…
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I'm an old, ugly man, and you don't
wanna see any more than you wanna see.
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But, when I got to that point,
unfortunately decades ago, of not
worrying about, who's gonna see
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my full body, it's what can I do
to make sure I don't offend them?
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So if I'm not wearing pants, which there
are pants on today, full disclosure,
but if I stood up now and you saw,
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my belly and I was naked, you'd look
like, "Who wants to see that?" so
anyway, every time I think about it
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I think about that, young women have
to th- think about that differently.
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But, yeah, basically it's all there.
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Maybe not a shower in,
a camera in the shower.
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Jonathan Thomas: There you go.
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Warren Whitlock: But, one I can
turn on or leave on that I know
is just gonna be local data.
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in fact,
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It doesn't even need to take
a picture in the mirror.
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just it's there, and I,
in a sense, what's there.
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And, I don't even think I want
that to be, I can go into my home
security and look in that room.
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I don't need an actual picture,
but I need that sensor in there.
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and we're gonna learn to trust all that.
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Jonathan Thomas: actually, I'm gonna
argue with you a little bit on that.
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Good.
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you want the historical-
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Warren Whitlock: Yeah
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…
Jonathan Thomas: data
set, 'cause then the AI-
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Warren Whitlock: Data.
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I'm talking about pictures
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…
Jonathan Thomas: The
picture, Yeah … the scan.
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You wanna keep it- Yeah … because
then the AI can study you over time-
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Warren Whitlock: Okay
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Jonathan Thomas: and start seeing trends.
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Warren Whitlock: Right.
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Jonathan Thomas: and that's where
you can make these small changes.
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I call it the Titanic, problem.
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Literally, you know- Yeah.
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Interesting … the Titanic, if they
had made a very slight adjustment
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when they first found out that there
was an iceberg field up, ahead-
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Warren Whitlock: Yeah
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…
Jonathan Thomas: make a tiny
little adjustment, they would have
still arrived- On time and alive.
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Warren Whitlock: You said still.
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they didn't arrive, they would've arrived.
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That's a real big adjustment.
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Yeah,
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Jonathan Thomas: exactly.
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Warren Whitlock: That's a zero
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Jonathan Thomas: So if you
make these slight adjustments-
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Warren Whitlock: Yeah … and,
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Jonathan Thomas: and the
historical patterns that you
keep can be reviewed by the AI.
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Warren Whitlock: Right.
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So the data is really what
we're looking at keeping, not me
prancing around in my, underwear.
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Jonathan Thomas: Correct.
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Warren Whitlock: And it's still data
that I'm not sharing with the world.
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my idea of the distributed future is
we get everything we need close by.
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If I need to send that data off,
your device and my AI decide that
some data is needed someplace,
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then it's shared appropriately
on whatever settings I give it.
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Jonathan Thomas: it will
be done agentically.
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So you'll have- intelligent agents
that kinda make a handshake.
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You'll have agents on the inside of your
devices, there'll be agents that are
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in the cloud, agents in other devices,
and they'll kinda make handshakes.
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Warren Whitlock: Right.
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Jonathan Thomas: and say- "This is
what data needs to be transmitted
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out," but it has nothing to do
with, the way you look physically.
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So you're protected.
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Warren Whitlock: actually, the
embarrassing data isn't my naked body.
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it's the biomarkers and how bad some
of them are for
me being a guy who
says he's gonna live another 80 years.
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Jonathan Thomas: That, that
can all be encrypted and,
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Warren Whitlock: Yeah.
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…
Jonathan Thomas: literally just
extracting the weights out- … so
the AI can assess what has changed.
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So you- … you don't even
need any data that, would
determine or get pegged back to-
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Warren Whitlock: So-
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…
Jonathan Thomas: what is Warren
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…
Warren Whitlock: in a typical day, or
like during this call, if this was turned
on, the agent's set up and everything,
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and we're moving a little into the
future, your algorithms along with-
thousands of other things be there.
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One of my agents thinks, "Hey, this
is something we should pay attention
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to," decides to mark it and pay
attention to it to show me a pattern.
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Exactly.
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And it takes that, something went above
the range or whatever, and it says,
let me go to the primary care's agent
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and compare it to what the primary
care says," which that agent knows
whether or not to alert the doctor.
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Jonathan Thomas: Correct.
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Warren Whitlock: it might say, I'm
not sure about this, but you know what?
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It's not what the doctor decides.
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The doctor I know from history is gonna
recommend a specialist." And it goes out
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and asks the specialist agent, who comes
back and says, "No, that's, you know what?
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That, the guy is fat.
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He's not really falling apart."
Or it may say, "Add a turnip to
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your salad and you won't have this
problem anymore." There you go.
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Whatever it is, comes up with that
at no time actually talking to a
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doctor, and the doctor is monitoring
this in whatever ways they need to.
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Or it might become something
that, "Hey, this looks bad.
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that's cancer.
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Send this off." The doctor looks
at it and says, "Yes, that's right.
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Let's give him one pill,"
or whatever, it fix the DNA.
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genetic problems can be fixed that easy.
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To me, it's just mind-boggling that what
I… Now as a senior citizen, I deal
with Medicare, and what they can do is
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like I went 20 years without insurance
and then went
on Medicare, and suddenly
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it was like I felt like I was cheating
with the good coverage that I had.
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And I say that as a positive.
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Now, the flip side of that is,
my wife has chronic conditions,
I have chronic conditions.
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We spend a lot of our life trying
to get through, get insurance
numbers to the right people.
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"Oh, yeah, we have your insurance
number, and you've been seeing us
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for three years, but we haven't
photocopied your card this year."
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"Okay, I'll bring my card in, and you
can photocopy it." I do have one that
allowed me to send them a picture of
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my card, so I'm going like, "Great,"
'cause that's always on my phone.
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I can do that.
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But That's just the most minor of thing.
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referrals, getting the referrals
lined up and then getting
an appointment takes the…
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And the doctor says, yes, I need to see
this as soon as possible, so we're gonna
make an appointment that's six weeks out."
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Instead of the usual three months.
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And I'm going like, "Six
weeks? That's still a month."
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Jonathan Thomas: what you're
addressing, Warren, is outdated
structures and outdated processes.
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Yeah.
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And we literally, as humans, have created
the tools to have a utopia, if you will.
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Warren Whitlock: And this is
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Jonathan Thomas: today.
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But what's between us and utopia- Yeah
… right now are these outdated systems.
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"Warren, we need a photocopy
of your, ID card." Seriously?
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Warren Whitlock: Yeah.
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we have to put that in the
file along with the six pages
you fill out when you come in.
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And then, if we haven't had that in a
year, we're gonna ask again." What, am
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I a reliable source, me, without notes
of what prescription medicines I'm on?
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That's scary.
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I ca- I went 10 years, I-
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Jonathan Thomas: that, all of that will
be changing dramatically in the future.
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Warren Whitlock: and trying other things.
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there's metformin, which
I think is a wonder drug.
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I am type 2 diabetic.
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It has been prescribed to me, but
I also read about diabetics living
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longer, if they don't die from
the outcome of type 2 diabetes.
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But they actually live longer because
they've been taking metformin.
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And, there's an FDA study going on that's
supposed to be a, six or 10-year study,
and it was in year two and they're going
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like, "This is really a waste of time."
the markers are so good for taking it.
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So I'm a big fan of metformin.
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and there's other things
that- how do you monitor
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Jonathan Thomas: your sugar levels?
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Do you have a CGM
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Warren Whitlock: Yeah, I have a CGM.
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Jonathan Thomas: Okay.
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Warren Whitlock: last year they came
out with an extended release version
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And I get a letter that says, "You
should switch to the extended release.
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We've notified your physician."
thank you, insurance.
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How nice of you.
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that's modern technology working.
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It was a letter, a physical letter
that came, but other than that,
it was good customer service.
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And so the next time I see the
doctor, which is always three or
four months after I saw her last.
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That's the schedule.
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that gives her four bills a year she can
put in for seeing the old guy, and she
has a practice of doing stuff like that.
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By the way, I love my doctor.
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This is not anything against her.
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And 'cause we have great
discussions when I go in.
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it's 10 minutes, so I think I get
10 instead of six because, sh-
I tell her stuff and she learns.
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But, so a couple of weeks ago I saw her.
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I have received metformin and the regular
pills doubled for the last six months.
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So I- they are sitting here,
I don't know what to do.
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And I said, this doesn't look right.
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The n- amount of milligrams on the
extended release is half of what
I was taking." She says, "Yeah, it
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just works that way." And that was
the second time, and I asked the
pharmacist and they said the same thing.
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I go, this doesn't seem right.
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I'm cutting my dosage in half."
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Jonathan Thomas: That's a
good thing, though, Warren
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--> 00:15:27,706
Warren Whitlock: It should be.
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It should be.
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So I did that.
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But y-
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Jonathan Thomas: I think the continuous
release, gives you a much, more
well, managed diabetic situation.
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Warren Whitlock: But then when
I, when I eat carbs, then it
goes up higher than it used to.
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So I don't know if that's the pill,
that's because I got, I decided
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I wanted more bread in my life,
which would've been subconscious.
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I don't remember that decision.
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I love pasta.
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I've avoided eating
pasta since, I got clean.
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I used to say, "If you see me
eating a salad, send for help." I'm
obviously being kept against my will.
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And, that's not true now.
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I eat a salad most days.
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And I enjoy the salad, but it took
eating it regularly to get used to it.
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I was never at a point
where I didn't like salad.
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It was just like, "Oh, this is boring.
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Let's get on to the main course.
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Bring me that spaghetti.
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Bring me that large piece of meat."
And so but again, back to I'm saying
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things that are more embarrassing
whether or not I'm showing my body off.
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but I think we don't even
need to wait till the future.
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We can be building agents right
now that do that, that talk
to whatever agents we can.
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the supply side in medicine seems to
be in a way it's just not gonna work.
285
00:16:44,582 --> 00:16:50,432
There are people out there that are
doctors that are doing this, and I'm
gonna have to find a connection in the…
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And whether or not it's insurance,
maybe it's extra, or whatever it takes
so that when I say, "Wow, I'm feeling
287
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down today. I took all the right stuff.
What's going on?" And have whatever
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monitors and bio data, and definitely
downloading it- your app today.
289
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and, th- you know, send that off
to whatever service handles that.
290
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Right.
291
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The first CGM I got came with that.
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It was a fortune.
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You had to pay… The service was
only a couple hundred dollars a
294
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year, but then buying the CGMs
from, through them was a nightmare.
295
00:17:27,282 --> 00:17:33,312
you know, I, and I'm, so I won't,
you know, I won't go into detail on
that, but it, it's now covered by
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Medicare, and they send me all I can
use without me thinking about it.
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Jonathan Thomas: Excellent.
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Warren Whitlock: I used to really
worry that this item that I was
paying $75 for was on my arm and then
299
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stop working after 30 seconds, or
I had one that just never connected
to any kind of monitoring device.
300
00:17:54,212 --> 00:17:58,832
So apparently it was working, and I had to
ship that back to them and got a credit.
301
00:17:59,092 --> 00:18:02,072
And then it's just more nonsense
that I shouldn't have to do.
302
00:18:02,632 --> 00:18:08,522
The reason why they want it changed
every 10 days is the income off
of changing it every 10 days.
303
00:18:08,552 --> 00:18:09,292
Jonathan Thomas: Of course.
304
00:18:09,502 --> 00:18:09,852
Warren Whitlock: Yeah.
305
00:18:09,932 --> 00:18:13,542
I think they just changed and
said those are now 15 days.
306
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Or, it's the other
brand that changed that.
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00:18:16,096 --> 00:18:16,316
Jonathan Thomas: they
308
00:18:16,316 --> 00:18:16,396
Warren Whitlock: keep
309
00:18:16,826 --> 00:18:18,256
Jonathan Thomas: extending
them out a little bit.
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00:18:18,356 --> 00:18:22,616
I mean- Yeah … there are some technical
issues, battery life and whatnot.
311
00:18:23,006 --> 00:18:23,296
Warren Whitlock: Right.
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00:18:23,326 --> 00:18:25,176
Jonathan Thomas: But they could make it
last a whole lot longer than 10 days.
313
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Warren Whitlock: Your monitor
should be able to tell you.
314
00:18:27,416 --> 00:18:31,456
That, for instance, I'm told
I wear extended wear contacts.
315
00:18:31,636 --> 00:18:38,236
I'm told to, remove them every day
and clean them, and then, they last
two weeks or something like that.
316
00:18:38,596 --> 00:18:42,606
And I can put in, I'm now looking
at you through contacts that have
317
00:18:42,616 --> 00:18:46,906
been in my eyes continuously, no
cleaning, no nothing, for two months.
318
00:18:47,594 --> 00:18:54,544
And they need to be changed right now,
but, you know, it… I have a monthly
cycle and then I'm late, and it's okay.
319
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So to me it's like getting a haircut.
320
00:18:57,214 --> 00:19:02,224
so if you go a couple of months without
a haircut, it would show, right?
321
00:19:02,234 --> 00:19:02,814
Jonathan Thomas: Yes.
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00:19:03,554 --> 00:19:03,894
Warren Whitlock: Yeah.
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00:19:04,074 --> 00:19:10,394
I can go like this and, yeah, he's
got stringy old gray hair, but
it doesn't really matter, right?
324
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So yeah, I go somewhere between
one and three months, but there
is no… I have no habit for that.
325
00:19:16,244 --> 00:19:20,224
And, it's the same with the
contacts and, you know, everything.
326
00:19:20,364 --> 00:19:27,674
You know, everything I do that's h-
habits, I'm overthinking and spending
more time thinking about it than,
327
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than I am doing it, and I get to
the end of thinking about it and I,
my mind switches to something else.
328
00:19:33,364 --> 00:19:36,074
So, I thi- seem to be, habit averse.
329
00:19:36,564 --> 00:19:38,474
Get good habits and follow them.
330
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Get on a routine.
331
00:19:40,464 --> 00:19:41,254
Jonathan Thomas: Exactly.
332
00:19:41,314 --> 00:19:42,474
Warren Whitlock: and don't do as I- Well,
333
00:19:42,484 --> 00:19:42,976
Jonathan Thomas: you, you, you,
334
00:19:42,976 --> 00:19:44,138
Warren Whitlock:
unfortunately- … don't do as I do
335
00:19:44,568 --> 00:19:47,778
…
Jonathan Thomas: we're talking about
going from where we are to utopia.
336
00:19:48,198 --> 00:19:56,968
There is, some structure in place
that, for the human side of medicine,
it requires people to be sick, right?
337
00:19:56,978 --> 00:19:57,188
Yeah.
338
00:19:57,598 --> 00:20:02,678
If you look at the veterinary
side of, of medicine, if a, if a
339
00:20:02,678 --> 00:20:08,308
farmer's livestock starts dying,
they're firing their vet, right?
340
00:20:08,648 --> 00:20:09,088
Warren Whitlock: Right.
341
00:20:09,728 --> 00:20:09,818
Absolutely.
342
00:20:09,978 --> 00:20:22,378
Jonathan Thomas: So, veterinary medicine
has a financial- backbone that is
conducive to having healthy animals.
343
00:20:22,708 --> 00:20:25,608
Humans, it's kind of ass-backwards.
344
00:20:25,948 --> 00:20:31,498
they want sick people, and keep them sick,
and keep them alive as long as possible.
345
00:20:31,538 --> 00:20:33,488
That's a horrible financial model.
346
00:20:33,758 --> 00:20:36,408
And that's something that needs
to be flipped upside down.
347
00:20:37,278 --> 00:20:41,978
in a situation where you're getting off
metformin and off of these other drugs.
348
00:20:42,038 --> 00:20:47,948
And I think AI and the technology
that we have is going to wean
us off of all of those things.
349
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It's just gonna take some time.
350
00:20:50,628 --> 00:20:51,508
Warren Whitlock: It'll take some time.
351
00:20:51,508 --> 00:20:55,058
The insurance companies don't
want us to be weaned off of it.
352
00:20:55,098 --> 00:20:55,438
Jonathan Thomas: Nope.
353
00:20:55,518 --> 00:20:55,818
Insurance
354
00:20:56,058 --> 00:20:58,428
Warren Whitlock: companies-
they want things they can bill
for the rest of your life.
355
00:20:58,628 --> 00:20:59,188
Jonathan Thomas: Correct.
356
00:20:59,388 --> 00:21:01,448
Warren Whitlock: And the
pharmaceutical companies same.
357
00:21:01,888 --> 00:21:06,688
And I won't even, I don't go
as far as trying to say there's
a conspiracy or anything,
358
00:21:06,928 --> 00:21:11,308
But let's throw all that out the window
and say they only want what's best for us.
359
00:21:11,528 --> 00:21:18,528
And
they know that once you have
diabetes, giving you your metformin,
and your CGM, and your prick your
360
00:21:18,528 --> 00:21:22,618
finger stuff, and all of that stuff
is gonna be good business for them.
361
00:21:23,268 --> 00:21:24,818
Jonathan Thomas: it is
good business for them.
362
00:21:24,818 --> 00:21:24,838
Yeah.
363
00:21:24,838 --> 00:21:29,258
And it can still be good business for
them and made more seamless for you.
364
00:21:30,148 --> 00:21:35,998
Warren Whitlock: It's one of the things
that the future, when we think about stuff
like AI job loss is the current one I'm
365
00:21:35,998 --> 00:21:43,658
doing a lot of thinking on, because the
people I follow now are talking about
how wrong they were to talk about job
366
00:21:43,658 --> 00:21:54,138
loss we're gonna go through a period of
upheaval between, say now, and 2029, 2030,
where there's gonna be so much confusion,
367
00:21:54,348 --> 00:21:58,138
so many people worry about losing a job
or whatever, that things are gonna change.
368
00:21:59,784 --> 00:22:01,124
Everybody's life is gonna change.
369
00:22:01,554 --> 00:22:07,064
And then they say, we'll get
past that." Of course, they're all
multimillionaires at the very least.
370
00:22:07,874 --> 00:22:12,014
and they try to see it of how
everybody else… And some of
them come from humble beginnings.
371
00:22:12,014 --> 00:22:15,634
They know what it's like to struggle
to pay the bills and all that.
372
00:22:15,684 --> 00:22:21,894
And I go "Yeah, but you're just not
seeing that every day someone's gotta
get up and try to do what they're
373
00:22:21,894 --> 00:22:28,544
doing." if they're a school teacher
and they've dedicated their lives to
helping kids, which I think is a noble
374
00:22:28,544 --> 00:22:35,394
thing, I could never do it, and, there's
a lot of perks to being a teacher,
but it's, perks are not getting rich.
375
00:22:35,644 --> 00:22:36,494
Let's put it that way.
376
00:22:36,744 --> 00:22:42,804
And so we talk about the underpaid
teachers Really what we need is for
them to wake up and say, "Hey, this
377
00:22:42,804 --> 00:22:48,434
going to a classroom and trying to,
babysit 30 kids for a few hour is
378
00:22:48,444 --> 00:22:52,514
not the future. We're gonna teach
these kids to learn a lot faster."
379
00:22:52,814 --> 00:22:54,564
and some of it won't be the rote learning.
380
00:22:54,764 --> 00:22:57,644
And again, maybe they will
think more like Warren.
381
00:22:58,034 --> 00:23:04,584
the monitors will tell, this kid
needs help with this." And so in a
school of the future, I think we'll
382
00:23:04,584 --> 00:23:08,014
still have them because, it's better
for a kid to spend time with a good
383
00:23:08,014 --> 00:23:12,524
teacher and to get to meet other people,
all that kinda stuff is, the social.
384
00:23:12,984 --> 00:23:19,514
But in learning something, the
good schools are now setting up
with, an hour or two a day, and
385
00:23:19,514 --> 00:23:23,564
the kids are outperforming the
ones that sit there for six hours.
386
00:23:23,884 --> 00:23:24,484
Exactly.
387
00:23:24,494 --> 00:23:27,934
They still keep the kids the whole
day, but they do enrichment activity.
388
00:23:28,244 --> 00:23:34,804
And then if the kid needs help, the
AI tells the teacher, who can spend
one-on-one time with them, actually
389
00:23:34,804 --> 00:23:42,304
spends more one-on-one time with each
of their students because they're
really not responsible for the teaching.
390
00:23:43,024 --> 00:23:48,334
They're responsible for the wellbeing
of the system and helping the kid learn.
391
00:23:48,664 --> 00:23:51,764
And homeschooled one of my kids.
392
00:23:51,814 --> 00:23:59,784
after four, of going through normal,
my fifth kid said, "I don't wanna do
this." And I go, "Okay, let's check
393
00:23:59,804 --> 00:24:05,194
into it." We went for an easy option
where we had to go sit with a veteran
394
00:24:05,204 --> 00:24:09,614
teacher for an hour a week, and he
gave assignments and things like that.
395
00:24:09,974 --> 00:24:14,914
and then he would look at the
papers and say, there's nothing,
there's no marks on this paper.
396
00:24:15,214 --> 00:24:19,354
did, he must have… You must mark 'em." I
said, "When I deal with them, if we have a
397
00:24:19,354 --> 00:24:24,574
worksheet, we go through each problem, and
if it's not right, we fix it right then.
398
00:24:25,434 --> 00:24:27,744
So they're all gonna be
perfect when he turns them in."
399
00:24:28,844 --> 00:24:34,134
I didn't lean towards the fact
that I only looked at one in
10, but, my kid knew to do that.
400
00:24:34,134 --> 00:24:37,024
But what he spent the rest of the day
doing, 'cause he went to work with
401
00:24:37,024 --> 00:24:43,378
me, was this brand-new thing called
Google And, he could find anything.
402
00:24:43,568 --> 00:24:48,308
Today he is the, financially
most successful of the family.
403
00:24:48,738 --> 00:24:53,358
independent and does, and learns
things and wants to know about things.
404
00:24:54,018 --> 00:24:57,248
other than maybe Dad's lectures
for hours on any topic.
405
00:24:57,558 --> 00:25:01,548
But, when we talk, I do a lot of
talking, and we enjoy good food.
406
00:25:01,878 --> 00:25:03,898
so that's a good visit with my son.
407
00:25:04,268 --> 00:25:07,428
And but then he goes off and he's
just doing fascinating things.
408
00:25:07,628 --> 00:25:09,648
most of the time I'm
asking him what's he doing?
409
00:25:09,918 --> 00:25:13,478
what secrets can I learn
from him that I did wrong?
410
00:25:14,138 --> 00:25:20,238
Dad, first of all, I refused to work
for you when the other kids didn't."
I go no, let's not talk about that
411
00:25:20,238 --> 00:25:29,578
one." But bottom line, there's so much
abundance that's there already, what
can we do to bring this to other people?
412
00:25:30,028 --> 00:25:32,158
And I think the school is one.
413
00:25:32,438 --> 00:25:39,038
medical, man, I d- I don't think you
can go wrong
right now if you get
involved with something that's gonna
414
00:25:39,048 --> 00:25:48,988
improve health without requiring
the normal process of FDA insurance
and medical structures that we have.
415
00:25:49,288 --> 00:25:56,468
what we need is the ability to work
within or without of those systems,
get the expertise we can from it.
416
00:25:56,778 --> 00:26:02,928
The medical devices, all that stuff
that when I c- when I, when I have
used it has been so wonderful.
417
00:26:03,378 --> 00:26:08,858
The care that c- is possible inside
the hospital structure is so great.
418
00:26:08,908 --> 00:26:10,778
I have nine toes now.
419
00:26:11,137 --> 00:26:16,400
I Wasn't wearing sandals before,
and no one wants to see, a guy
with neuropathy of the legs.
420
00:26:16,690 --> 00:26:20,790
But now, I have to tell you
that I have nine toes 'cause I'm
never gonna let you see my feet.
421
00:26:22,710 --> 00:26:23,810
I'm so much better.
422
00:26:23,820 --> 00:26:27,620
Balance is better, all of that,
because I got something taken care of.
423
00:26:28,040 --> 00:26:33,120
And, it's number four, so I can't,
and I have neuropathy, so I don't even
424
00:26:33,120 --> 00:26:33,430
Jonathan Thomas: feel them.
425
00:26:33,430 --> 00:26:37,260
all of these things, again,
get back to the structural
changes that need to take place.
426
00:26:37,260 --> 00:26:38,850
And you don't have to burn it down.
427
00:26:38,950 --> 00:26:40,100
We don't wanna burn it down.
428
00:26:40,110 --> 00:26:41,310
It needs to be augmented.
429
00:26:41,650 --> 00:26:41,930
Warren Whitlock: So-
430
00:26:41,980 --> 00:26:46,430
Jonathan Thomas: one of the things
that we are doing is, we have
this score that gets created.
431
00:26:46,430 --> 00:26:48,070
We call it an ASVS score.
432
00:26:48,080 --> 00:26:48,970
A-S-V-S.
433
00:26:49,020 --> 00:26:52,140
Algomash Sustainable Vitality Score.
434
00:26:52,790 --> 00:26:56,310
And you could think of it as
your FICO score for your health.
435
00:26:56,320 --> 00:26:59,660
So insurance companies could
actually use that score.
436
00:26:59,660 --> 00:27:01,710
It's just a numerical score
437
00:27:02,116 --> 00:27:10,206
And they can use that to, not
only better service their clients,
but also better protect their,
438
00:27:10,236 --> 00:27:13,836
Warren Whitlock: their issue is gonna
be we're gonna need insurance less,
439
00:27:14,436 --> 00:27:17,816
maybe because we're healthy but maybe
just cutting out some of the waste.
440
00:27:18,326 --> 00:27:22,906
I don't need to physically see my
doctor five or six times a year.
441
00:27:23,626 --> 00:27:25,716
It's the only way I get
any question answered.
442
00:27:25,806 --> 00:27:30,006
We just had this discussion last week,
so this is current, is that I wanna be
443
00:27:30,006 --> 00:27:34,486
able to have a Zoom call with you or I
don't need that, She's a lovely woman.
444
00:27:34,486 --> 00:27:41,196
I don't mind seeing her face on the
screen, but the 10 minutes where I was
talking about earlier, she was sitting
445
00:27:41,196 --> 00:27:45,726
by my side, which is great that she
did that because I could hear her.
446
00:27:46,156 --> 00:27:52,076
And we had a great discussion,
but at no point did we touch
in any way, shape, or form.
447
00:27:52,996 --> 00:27:57,816
And, I could have done that
from, on a phone call and she
wouldn't have even- Save time and
448
00:27:57,836 --> 00:27:58,726
Jonathan Thomas: hassle and-
449
00:27:59,306 --> 00:27:59,716
Warren Whitlock: Yeah.
450
00:28:00,376 --> 00:28:05,146
She could have say, "I'm gonna
call you in this time period and
do it." I've done telemedicine.
451
00:28:05,506 --> 00:28:11,806
It, you spend more time talking
to people who set it up than to
the doctor, I hope it's gotten
452
00:28:11,806 --> 00:28:20,406
better, but I think telemedicine and
messaging where I can, you know what,
if I need to see a doctor, fine.
453
00:28:20,786 --> 00:28:23,516
I, it's not the time to see
the doctor I worry about.
454
00:28:23,726 --> 00:28:27,876
It's the accumulative BS where
I never get anything done 'cause
455
00:28:27,876 --> 00:28:31,016
I get done, then I come home and
I've gotta go set up referrals.
456
00:28:31,026 --> 00:28:33,236
I'm going for a blood test tomorrow.
457
00:28:33,756 --> 00:28:37,046
it's taken, three weeks to get around
to the point that I can get this.
458
00:28:37,446 --> 00:28:41,566
Hopefully, the results will be back before
the six weeks we talked about earlier.
459
00:28:41,766 --> 00:28:44,656
It's this constant struggle
to put up with this stuff.
460
00:28:44,886 --> 00:28:51,606
When we get rid of that, all the good
people will still be employed in some
way, and the insurance companies are gonna
461
00:28:51,606 --> 00:28:58,556
wanna know, like actuarial tables, as we
start to live longer, what's it gonna be?
462
00:28:58,576 --> 00:29:05,706
It's not like how can we make enough
money so that when you do get in the last
years of your life and we spend millions
463
00:29:05,706 --> 00:29:09,576
of dollars trying to keep you alive
that, we can afford it all of a sudden.
464
00:29:09,576 --> 00:29:10,276
Yeah, we need to show
465
00:29:10,276 --> 00:29:15,156
Jonathan Thomas: them tools
that, let them make more money
by keeping you healthier longer.
466
00:29:15,236 --> 00:29:21,786
Warren Whitlock: Yeah, because if I'm
healthy, I'm gonna cost less than if I'm
sitting in some kind of extended care.
467
00:29:22,176 --> 00:29:22,336
Exactly.
468
00:29:22,346 --> 00:29:29,556
When I talk about adding years to
my life, the years I want are at
this health or better, which I think
469
00:29:29,556 --> 00:29:34,796
I can get a lot better, especially
with the drugs that are being worked
on now that will reverse aging.
470
00:29:35,336 --> 00:29:40,296
bottom line, I've had a good life-
If it ends tomorrow, eh, so what?
471
00:29:40,506 --> 00:29:48,046
at the same time, I wanna work on all
this because I think it's so great
for humanity that as we
have less kids
472
00:29:48,306 --> 00:29:55,146
and live longer, and this ridiculous
idea of you're gonna work till you're
65 and never do anything again.
473
00:29:55,566 --> 00:29:59,036
I blew right through 65,
and so that's just fine.
474
00:29:59,366 --> 00:30:04,426
Right now I'm dealing with things
that are, mentally hard to deal
475
00:30:04,426 --> 00:30:09,436
with because of the insurance and
the system stuff that I'm fighting.
476
00:30:09,706 --> 00:30:14,176
'Cause it used to be if I didn't take a
blood test and oops, I forgot, then I'll
477
00:30:14,176 --> 00:30:17,386
just reschedule the appointment with
the doctor and all that kind of stuff.
478
00:30:17,386 --> 00:30:18,306
I could live with that.
479
00:30:18,956 --> 00:30:23,116
Jonathan Thomas: So how do you envision,
eliminating this structural friction?
480
00:30:23,166 --> 00:30:24,446
you're a crypto guy.
481
00:30:24,686 --> 00:30:26,566
You're a nanotech guy.
482
00:30:26,576 --> 00:30:26,596
Yeah.
483
00:30:26,956 --> 00:30:33,148
So how can we use those tools to
help- eliminate this friction that
484
00:30:33,148 --> 00:30:33,328
Warren Whitlock: we've gone through I
like that we've, turned the interview
around bec- I'm gonna talk a lot anyway.
485
00:30:33,328 --> 00:30:33,608
Why not you ask the questions?
486
00:30:33,698 --> 00:30:34,398
I'm all for that.
487
00:30:35,198 --> 00:30:35,448
Thanks.
488
00:30:36,918 --> 00:30:43,138
But, yeah, I, what I s- what I
see is we have to build systems
that are outside of that.
489
00:30:43,488 --> 00:30:50,958
You've heard the stories of, IBM
developing the PC in a skunk works, that
they got fr- that name and how to do it
490
00:30:50,958 --> 00:30:55,218
from the a- aerospace, which learned that
if we wanna build something new, we're
491
00:30:55,218 --> 00:31:00,748
building multimillion dollar, whether
it's missiles or planes or whatever it is.
492
00:31:01,108 --> 00:31:05,828
But to change anything is gonna be…
You have to be looking years away, so
493
00:31:05,828 --> 00:31:10,638
let's go develop a way to get through
some of that technology faster.
494
00:31:10,878 --> 00:31:12,968
They have to then deal
with approvals and whatnot.
495
00:31:13,168 --> 00:31:14,688
Pharmaceutical, the same way.
496
00:31:14,858 --> 00:31:19,158
We're getting to the point where they know
what all the combination of chemicals are.
497
00:31:19,688 --> 00:31:21,088
protein folding is done.
498
00:31:21,718 --> 00:31:22,248
it's there.
499
00:31:22,468 --> 00:31:25,538
There's still a lot to learn from
the database of what we have.
500
00:31:25,818 --> 00:31:27,798
We're just scratching the surface there.
501
00:31:27,818 --> 00:31:31,048
Yeah, but s- but solving that
protein folding problem was huge.
502
00:31:31,048 --> 00:31:32,338
That's been solved, yeah.
503
00:31:32,428 --> 00:31:33,948
Math is gonna be solved.
504
00:31:34,528 --> 00:31:40,408
that one blows my mind, 'cause
there's so much math I don't
know that is commonly known.
505
00:31:40,888 --> 00:31:45,238
So I know about it, but don't ask me
to try to figure out what the design
506
00:31:45,238 --> 00:31:49,788
of a curve should be in my next
automobile, Because I got no idea.
507
00:31:49,958 --> 00:31:50,958
that one looks pretty.
508
00:31:51,208 --> 00:31:56,928
but, and I know there's engineers
working out all sorts of equations to
make the bridges hold up, whatever.
509
00:31:57,468 --> 00:31:58,958
but that's solved.
510
00:31:59,588 --> 00:32:02,328
And now as these things are
solved, how are we gonna use them?
511
00:32:02,328 --> 00:32:03,288
What are we gonna build?
512
00:32:03,728 --> 00:32:10,148
And the biggest force against us going
on is getting the people to do that.
513
00:32:10,358 --> 00:32:14,048
We need to train everybody that
AI is here, not going away.
514
00:32:14,328 --> 00:32:16,168
Post-singularity's gonna be abundant.
515
00:32:16,428 --> 00:32:19,118
You need to figure out where your
place is in that and do that.
516
00:32:19,578 --> 00:32:20,028
Done.
517
00:32:20,438 --> 00:32:21,528
We have to do that.
518
00:32:21,558 --> 00:32:22,668
It's gonna be some work.
519
00:32:22,848 --> 00:32:28,958
There's gonna, people say, "I'll never
get in a self-driving car." That's because
they've never been in a self-driving car.
520
00:32:29,328 --> 00:32:32,158
Once you've experienced
driving in itself- it's
521
00:32:32,158 --> 00:32:32,738
Jonathan Thomas: amazing
522
00:32:32,888 --> 00:32:34,618
…
Warren Whitlock: you just
go why would I fight this?"
523
00:32:34,988 --> 00:32:35,148
Jonathan Thomas: AI
524
00:32:35,558 --> 00:32:38,668
is gonna be humanity's
greatest collaborator.
525
00:32:38,678 --> 00:32:41,908
And people, like you said,
need to get on board with it.
526
00:32:42,108 --> 00:32:45,178
Eliminate this fear of it, and it's here.
527
00:32:45,178 --> 00:32:46,258
It's here to stay.
528
00:32:46,268 --> 00:32:49,258
The cat is already out
of the bag, so to speak.
529
00:32:50,036 --> 00:32:50,496
And,
530
00:32:50,546 --> 00:32:52,116
Warren Whitlock: We
are in the singularity.
531
00:32:52,116 --> 00:32:55,806
Yes We just haven't experienced much of
it yet, and some people just don't know.
532
00:32:56,176 --> 00:33:01,706
That… I still see people telling
me, "Crypto's a complete scam."
And they're going, "You just don't
533
00:33:01,706 --> 00:33:06,916
understand what the banks are doing."
you don't look at meme coins to figure
out what's going on with crypto.
534
00:33:07,276 --> 00:33:12,916
Yeah, so there's dark web transactions
going, but hey, it's traceable.
535
00:33:12,916 --> 00:33:13,106
crypto,
536
00:33:13,756 --> 00:33:16,576
Jonathan Thomas: there are so many
things that can be done with crypto.
537
00:33:16,646 --> 00:33:24,486
one of the things that we're
looking at doing is tracking data-
so you can better train AI models,
538
00:33:24,516 --> 00:33:30,556
and then be able to monetize, the
people that have supplied that data.
539
00:33:30,726 -->
00:33:37,826
So we want people that are supplying
data to actually get paid for the data
that they're supplying versus how it's
540
00:33:37,836 --> 00:33:44,536
been in the past where everybody's-
uploading their pictures on Facebook
or Instagram, and they get zero.
541
00:33:44,956 --> 00:33:45,216
Warren Whitlock: Right.
542
00:33:45,296 --> 00:33:48,716
Jonathan Thomas: so crypto can play
a huge role in that, and I think
543
00:33:48,716 --> 00:33:51,876
we've… We haven't even scratched
the surface on where crypto's going.
544
00:33:51,876 --> 00:33:52,836
Absolutely.
545
00:33:53,026 --> 00:33:53,716
Warren Whitlock: Absolutely.
546
00:33:53,856 --> 00:33:59,726
so the future is that blockchain and
AI c- converge to give us what we need.
547
00:34:00,046 --> 00:34:02,746
Everything will be stored
in the securest way we know.
548
00:34:02,986 --> 00:34:08,246
And I'm not saying blockchain as the
blockchain and there's one way to go.
549
00:34:08,446 --> 00:34:10,246
IBM doesn't call it blockchain.
550
00:34:10,246 --> 00:34:13,082
they call it distributed,
storage of some sort.
551
00:34:13,082 --> 00:34:13,276
It's,
552
00:34:13,276 --> 00:34:16,676
Jonathan Thomas: it's just, it's an
indelible ledger of some sort that is-
553
00:34:16,676 --> 00:34:17,216
Warren Whitlock: Exactly
554
00:34:17,356 --> 00:34:20,656
Jonathan Thomas: is protected,
and it tracks data over time.
555
00:34:21,326 --> 00:34:22,926
Warren Whitlock: that theory is with us.
556
00:34:22,946 --> 00:34:23,966
It's been proven.
557
00:34:23,966 --> 00:34:24,966
It's gonna go on.
558
00:34:24,966 --> 00:34:25,806
We're gonna do it.
559
00:34:26,146 --> 00:34:34,236
It's we know that it's incredibly
difficult to send a spaceship to the moon,
but we've done it over and over again.
560
00:34:34,766 --> 00:34:37,056
So I can't tell you how.
561
00:34:37,416 --> 00:34:42,856
I can't tell you what trajectory
does that, or, why Tesla
was able to redesign that.
562
00:34:43,056 --> 00:34:49,326
I've read the business side of it,
that SpaceX was able to take a look at
it, go with first principles, and say,
563
00:34:49,326 --> 00:34:56,146
"What do we have to do to build a rocket
whose goal is to go up and come back
down?" And they were able to do that.
564
00:34:56,156 --> 00:34:57,996
That was an X Prize to begin with.
565
00:34:58,286 --> 00:35:05,666
but, you know, then several, I think the
Bezos version is the one that actually
won the prize, if I remember right.
566
00:35:05,666 --> 00:35:06,546
But one of them- Yeah, I think
so … it doesn't matter.
567
00:35:06,546 --> 00:35:09,266
And they all, and then
the bill- He just, he just
568
00:35:09,266 --> 00:35:10,526
Jonathan Thomas: blew up last week.
569
00:35:10,916 --> 00:35:11,186
Warren Whitlock: Yeah.
570
00:35:11,446 --> 00:35:14,736
The bill, it, it, but again,
that's the news we hear about.
571
00:35:14,786 --> 00:35:19,666
What they did was they figured out
what worked and what didn't, and
they didn't kill anybody to do it.
572
00:35:20,106 --> 00:35:20,406
Right.
573
00:35:20,406 --> 00:35:24,206
They, they set back their
plans a bit 'cause they thought
that one was gonna work.
574
00:35:24,566 --> 00:35:29,576
But, Elon's comment when he
blows something up is kinda like,
"Great, we got the data we need."
575
00:35:29,856 --> 00:35:30,026
Exactly.
576
00:35:30,026 --> 00:35:31,786
It costs a lot to get that data.
577
00:35:32,106 --> 00:35:33,726
you have to have trial and error.
578
00:35:33,946 --> 00:35:39,116
And if we figure out the safety
that's needed, again, hard to
get past that, but we have to.
579
00:35:39,336 --> 00:35:39,836
We take- How,
580
00:35:39,836 --> 00:35:42,956
Jonathan Thomas: how can you
break things faster and learn?
581
00:35:43,566 --> 00:35:44,406
Warren Whitlock: And how
can we- Turn that into
582
00:35:44,406 --> 00:35:45,576
Jonathan Thomas: something positive?
583
00:35:45,636 --> 00:35:48,506
Warren Whitlock: And how can
we get, the muck out of it?
584
00:35:48,576 --> 00:35:50,356
And it's like we gotta go outside that.
585
00:35:50,816 --> 00:35:58,326
if I was advising you, we'd be looking
at how can we get this to the market
that has nothing to do with big
586
00:35:58,336 --> 00:36:03,136
pharma, big hospitals, big Medicare,
government, and big, insurance?
587
00:36:03,466 --> 00:36:05,256
just what can we do to avoid that?
588
00:36:05,586 --> 00:36:09,256
And then I'm like, you gotta find
a doctor who says, and this would
589
00:36:09,266 --> 00:36:11,786
be advice for you, but it would
also be advice for everybody.
590
00:36:11,976 --> 00:36:13,876
I don't think this is
gonna be news to you.
591
00:36:14,226 --> 00:36:20,766
that our goal is to set up a system where
this works outside of whatever there is.
592
00:36:21,296 --> 00:36:23,506
And as a consumer, that
frustrates the hell out of me.
593
00:36:23,996 --> 00:36:29,346
I know I get a rash on my legs
because of the neuropathy, and I
594
00:36:29,346 --> 00:36:32,976
know what to do to, to get it down,
what makes it better and worse.
595
00:36:33,296 --> 00:36:41,176
And I, and the thing I got from the
doctor was really weird 'cause we got
into talking about this topic, oxygen,
596
00:36:41,826 --> 00:36:46,846
and we talked about I used to get oxygen
bath, and there's oxygen hyper chambers.
597
00:36:47,196 --> 00:36:50,616
And we talked about that, and I told
her about a place and the story on that.
598
00:36:50,906 --> 00:36:53,026
Again, I was able to teach her something.
599
00:36:53,346 --> 00:36:56,986
But it's not covered by insurance, no way.
600
00:36:57,586 --> 00:37:01,786
But I do know that when I went
every day for three weeks to take
601
00:37:01,786 --> 00:37:06,866
a bath in oxygen-rich water, that
all sorts of symptoms got better.
602
00:37:07,246 --> 00:37:10,626
People started telling me, "Your
skin looks so much better." And
603
00:37:10,626 --> 00:37:14,116
I'm going like, I'm an old man."
I was never worried about skin.
604
00:37:14,426 --> 00:37:17,306
it's not like I'm putting stuff
on my face to make it look better.
605
00:37:17,536 --> 00:37:22,306
But I was taking these baths, and
that includes putting it on your
face, and my face got looking better.
606
00:37:22,306 --> 00:37:23,476
My arms look better.
607
00:37:23,866 --> 00:37:24,796
Everything about that.
608
00:37:24,796 --> 00:37:31,544
But, the bill was thousands of
dollars- And I couldn't afford to
just keep doing that all the time.
609
00:37:31,804 --> 00:37:33,524
Also takes a lot of time to do that.
610
00:37:33,794 --> 00:37:39,324
But it would be great if I could get one a
week and it fit into the budget structure.
611
00:37:39,644 --> 00:37:41,344
is it tax deductible?
612
00:37:41,564 --> 00:37:45,454
There's a part of insurance,
have I already paid something
should be covering that?
613
00:37:45,624 --> 00:37:48,244
Or what kind of deal can I
make to go on doing that?
614
00:37:48,534 --> 00:37:52,934
if I just bite the bullet and say, "It's
gonna cost me X number of thousands
615
00:37:52,934 --> 00:37:56,874
dollars a year to do this," I look at it
and I go, "Okay," but it gets put off.
616
00:37:57,194 --> 00:38:03,174
it's a lot easier to put it off when
you have to be fiscally thinking
about it every time you do it.
617
00:38:03,514 --> 00:38:08,424
And I'm not rich enough that
I don't notice spending,
$10,000 a year on something.
618
00:38:08,834 --> 00:38:15,674
and but when we get those systems to go
outside that, the big advantage to what
you're working on is that we're talking
619
00:38:15,684 --> 00:38:21,254
about something that's not gonna add a
huge cost to have it out to everybody.
620
00:38:21,294 --> 00:38:24,314
Jonathan Thomas: it's
healthcare that's going to free
621
00:38:25,542 --> 00:38:26,072
Warren Whitlock: Yeah.
622
00:38:26,142 --> 00:38:29,142
It's gotta be built into every phone.
623
00:38:29,712 --> 00:38:30,502
Why not?
624
00:38:30,592 --> 00:38:30,972
Exactly.
625
00:38:30,972 --> 00:38:35,852
And yeah, whether it's turned
on or not, it's gotta be… the
technology is built into the phone.
626
00:38:35,852 --> 00:38:36,722
It's already there.
627
00:38:37,422 --> 00:38:37,942
Jonathan Thomas: Correct.
628
00:38:38,272 --> 00:38:44,362
Warren Whitlock: We can get better
some… like my Apple Watch and CGM,
they've been working on it and saying
629
00:38:44,362 --> 00:38:48,032
it's maybe gonna come out in a version
two versions from now of the watch.
630
00:38:48,292 --> 00:38:53,082
I put off buying an Apple Watch till
the version seven 'cause, one, I
631
00:38:53,082 --> 00:38:57,602
didn't wear a watch for 30 years before
that, and two, I was waiting for CGM.
632
00:38:58,252 --> 00:39:00,622
and it just, they just couldn't do it.
633
00:39:01,132 --> 00:39:08,312
And some of the heart and oxygen things
that are on there are annoying to
use, and a separate monitor's easier.
634
00:39:08,722 --> 00:39:09,672
And, we'll get there.
635
00:39:09,712 --> 00:39:10,972
We'll figure that stuff out.
636
00:39:11,652 --> 00:39:14,712
B- but some of it is, "Well- I,
637
00:39:14,712 --> 00:39:18,462
I, I- … we can't trust that the blood
sugar or the glucose level is gonna be
638
00:39:18,462 --> 00:39:21,752
strong enough that we can say to your
doctor that's what it is." Correct.
639
00:39:21,752 --> 00:39:22,602
And that's where the hang-up is.
640
00:39:22,632 --> 00:39:24,872
Jonathan Thomas: I'm gonna
pilfer something from Elon.
641
00:39:24,962 --> 00:39:29,172
Elon- Okay … and, his
Tesla FSD, full self-driving.
642
00:39:29,372 --> 00:39:29,592
Warren Whitlock: Yes.
643
00:39:29,612 --> 00:39:31,622
Jonathan Thomas: he went with vision only.
644
00:39:31,632 --> 00:39:35,062
He got rid of all of the sensors,
LIDAR, all of that stuff.
645
00:39:35,092 --> 00:39:35,452
Warren Whitlock: Right.
646
00:39:35,542 --> 00:39:39,242
Jonathan Thomas: I want to apply
the same concept to healthcare.
647
00:39:39,522 --> 00:39:40,832
It's vision only.
648
00:39:41,242 --> 00:39:50,032
So your camera should be able to
do, instead of full self-driving,
our FSD is full self-diagnostics.
649
00:39:50,042 --> 00:39:50,062
Wow.
650
00:39:51,022 --> 00:39:56,672
So the camera should be able to
tell you virtually everything
that's going on in your body.
651
00:39:56,872 --> 00:39:58,882
It should do it behind the scenes.
652
00:39:58,972 --> 00:40:04,722
and these- agents, intelligent
agents should be able to go
out and share this information.
653
00:40:04,992 --> 00:40:10,022
When a doctor needs to be pulled in,
they're pulled in at the appropriate time.
654
00:40:10,202 --> 00:40:12,842
It's very frictionless and seamless.
655
00:40:12,902 --> 00:40:14,772
Extremely cost-effective.
656
00:40:15,352 --> 00:40:16,442
Everybody wins.
657
00:40:17,032 --> 00:40:21,522
Warren Whitlock: the vision of this
that just struck me, and again,
these aren't things that are gonna be
658
00:40:21,522 --> 00:40:29,072
revealing of stuff we already know, but
it just hit me when you said that of
I was just talking about telemedicine.
659
00:40:30,400 --> 00:40:37,550
If we just made it so that in
a telemedicine call that was
turned on, you know- Now you
660
00:40:37,550 --> 00:40:38,170
Jonathan Thomas: got it
661
00:40:39,050 --> 00:40:42,990
Warren Whitlock: now your deal is
with the guys providing telemedicine.
662
00:40:43,630 --> 00:40:44,300
And,
663
00:40:44,310 --> 00:40:44,600
Jonathan Thomas: And you
664
00:40:44,690 --> 00:40:44,900
Warren Whitlock: don't
665
00:40:44,900 --> 00:40:49,210
Jonathan Thomas: even need to trigger the
telemedicine event until it's necessary.
666
00:40:49,590 --> 00:40:55,700
Warren Whitlock: And then it should
be if doctors, instead of lining up
patients and seeing each one for X
667
00:40:55,700 --> 00:41:01,850
number of minutes, trying to get their
six an hour, 10 an hour, 20 an hour,
whatever it is they're going for.
668
00:41:02,090 --> 00:41:04,650
I hear what the actual numbers
are, and I'm always shocked
669
00:41:04,650 --> 00:41:09,100
how low they are, 'cause when I
see … th- this could've been done.
670
00:41:09,340 --> 00:41:16,170
I had, when I was in a hospital stay,
I had doctors that came in and never
stuck their head through the door.
671
00:41:16,810 --> 00:41:19,600
They were standing in the hallway
talking through an open door to me.
672
00:41:20,280 --> 00:41:22,440
And, 10 seconds later it was done.
673
00:41:23,170 --> 00:41:24,830
And I knew that's how the system worked.
674
00:41:25,110 --> 00:41:32,720
But if the system instead works on
doctor sits at his desk and gets
pinged when there's something he needs
675
00:41:32,720 --> 00:41:39,580
to do, and he's in a pool with 100
other doctors, and so there's always
somebody available to take the call.
676
00:41:40,554 --> 00:41:41,494
But we know that works.
677
00:41:41,544 --> 00:41:43,824
We know that's call center organization.
678
00:41:44,304 --> 00:41:46,134
and we know they get better and better.
679
00:41:46,654 --> 00:41:52,374
Do you remember before we had
call centers, what it was like
to try to call, the 800 line?
680
00:41:52,784 --> 00:41:52,914
Jonathan Thomas: Oh,
681
00:41:52,914 --> 00:41:58,204
Warren Whitlock: Man, I tried
to change… Oh, check in for
a flight was offered by phone.
682
00:41:58,214 --> 00:42:07,014
It was a new thing in the '70s, and
called and waited on hold for 50
minutes to have somebody say, "Verify
683
00:42:07,014 --> 00:42:10,404
your name and what the flight was,"
and say, "Okay, you're checked in."
684
00:42:11,114 --> 00:42:15,034
And that saved me an hour
early at the, airport.
685
00:42:15,914 --> 00:42:17,884
but instead I spent an hour on the phone.
686
00:42:18,794 --> 00:42:24,344
but with the long cord that I could walk
around the whole house with on the phone.
687
00:42:24,344 --> 00:42:26,724
But, yeah, And it was a wonder to behold.
688
00:42:27,304 --> 00:42:33,714
And now when you think about
that can just be done, there is
auto check-in on some flights.
689
00:42:33,724 --> 00:42:35,744
you can set it up however you want.
690
00:42:36,094 --> 00:42:38,184
travel is one of my favorite to look at.
691
00:42:38,454 --> 00:42:45,514
Without changing any technology at
all, just the tech we have, maybe
some software development to put this
692
00:42:45,514 --> 00:42:52,764
together, but I could decide I want
to fly to Detroit and, my AI would be
693
00:42:52,764 --> 00:42:55,374
smart enough to say, "What the heck
are you going to Detroit for, Warren?
694
00:42:55,384 --> 00:42:56,534
You don't have any business there.
695
00:42:56,644 --> 00:43:00,934
You don't know anyone in Detroit."
But once it gets past that, it books.
696
00:43:01,464 --> 00:43:11,134
And what happens is a car pulls up,
I get in the car with maybe my laptop
bag or a backpack, and off I go.
697
00:43:11,474 --> 00:43:17,854
I don't worry about clothes because
the AI has gotten the right service,
698
00:43:17,884 --> 00:43:21,574
and my clothes will
be in the
room waiting for me on hangers.
699
00:43:22,034 --> 00:43:22,284
Jonathan Thomas: Exactly.
700
00:43:22,324 --> 00:43:24,394
Warren Whitlock: and all the--
everything else is taken care of.
701
00:43:24,544 --> 00:43:29,384
I'm not taken to the terminal where
I then have to… This is so weird.
702
00:43:29,684 --> 00:43:32,774
All the Ubers and taxis
drop you off at the airline.
703
00:43:32,774 --> 00:43:37,124
And I'm going, "I don't need the airline.
I'm going to the gate." There's no way.
704
00:43:37,534 --> 00:43:41,944
If you're just going to the gate, here's
where you have the drop off, because
705
00:43:42,164 --> 00:43:45,684
everybody that knows that is already
dropping off there and it's overcrowded.
706
00:43:46,114 --> 00:43:47,474
So just drop me off anywhere.
707
00:43:47,474 --> 00:43:50,384
But then I'm go-- Why am I
walking even inside the airport?
708
00:43:50,744 --> 00:43:51,354
It can be done.
709
00:43:51,404 --> 00:43:57,334
It would be like getting on a
private plane, but you're skipping
TSA because you've registered.
710
00:43:57,584 --> 00:44:01,044
You have your known traveler
and all that kind of stuff.
711
00:44:01,344 --> 00:44:09,074
and you maybe walk through a quick
security as you get into the airport,
scanning for everything to make sure
712
00:44:09,224 --> 00:44:15,184
somebody doesn't come in carrying
a bunch of loaded guns, which, they
could be carrying plastic guns anyway.
713
00:44:15,424 --> 00:44:19,194
So none of the theater
we have as TSA is needed.
714
00:44:19,434 --> 00:44:20,734
We cut down most of that.
715
00:44:21,428 --> 00:44:25,798
and then you walk to the place
where the plane is, walk on the
plane, sit down, and you go.
716
00:44:26,538 --> 00:44:29,978
And then, yes, there could be some waiting
if you're going on a commercial flight,
717
00:44:30,348 --> 00:44:34,648
but all the seat assignment, everything
like that should be already taken care of.
718
00:44:34,918 --> 00:44:40,828
There shouldn't be much in loading of
luggage, and there will be for a long
time 'cause not everybody would use this.
719
00:44:41,168 --> 00:44:46,948
Get to the place I'm going, and
Uber is there waiting to pick
me up and take me to the hotel.
720
00:44:47,198 --> 00:44:49,398
The hotel room is already checked in.
721
00:44:49,788 --> 00:44:52,098
I already have my mobile key on my phone.
722
00:44:52,658 --> 00:44:55,018
At no time do I have to
interact with anybody
723
00:44:55,068 --> 00:45:03,218
By the way, they all hear this when I
check into a hotel It's so much better
than it was, and I don't mean to complain.
724
00:45:03,218 --> 00:45:07,318
I just go "Why are we doing all this
theater?" there's a room available.
725
00:45:07,338 --> 00:45:08,678
Okay, great, you've got it.
726
00:45:09,058 --> 00:45:15,708
And, in a world of abundance,
we're not talking about what do we
do to maximize revenue per room.
727
00:45:15,718 --> 00:45:17,538
So- We've built a hotel that's gonna
728
00:45:17,678 --> 00:45:19,718
Jonathan Thomas: when you think
about abundance, where do you see
729
00:45:19,718 --> 00:45:27,098
the biggest friction in turning
that insight into lived vitality for
730
00:45:27,148 --> 00:45:28,988
Warren Whitlock: It's
all existing structure.
731
00:45:29,718 --> 00:45:37,268
Because the existing structure keeps me
from… Let's say you and I decide we're
gonna build the, travel of the future.
732
00:45:37,438 --> 00:45:44,888
We have to be able to interface with
everything from ticket sales to security
to airport, where you go and what you do.
733
00:45:46,762 --> 00:45:48,462
We do our best to get along with that.
734
00:45:48,862 --> 00:45:51,332
And, I went a little bit more into
that this time, but sometimes I
735
00:45:51,332 --> 00:45:56,332
describe this as I g- a car arrives,
I go someplace when I get there.
736
00:45:56,602 --> 00:45:58,612
'Cause I think about this
often when I'm traveling.
737
00:45:59,842 --> 00:46:06,192
I'm gonna get there, I'm gonna go
to a name brand hotel, Marriott,
because that's where my points are.
738
00:46:06,532 --> 00:46:10,642
And, may go someplace else, but
again, my agent would know that.
739
00:46:11,182 --> 00:46:18,692
I'm gonna check in, and, I carry the
clothes I need for short stays and,
there's no baggage hassle for me.
740
00:46:19,042 --> 00:46:22,572
But at some point, I just wanna
be done with all the friction.
741
00:46:23,102 --> 00:46:28,352
Like I would do if I had a private
plane, and that's the reaction I
normally get from airline employees.
742
00:46:28,582 --> 00:46:32,712
And we're going like, "But wait
a minute, isn't all this tech
available?" And they go yeah, we have
743
00:46:32,712 --> 00:46:35,832
all this," 'cause they know the name
of everybody that's on the flight.
744
00:46:36,312 --> 00:46:38,822
They could do all of the
interactions they need.
745
00:46:39,132 --> 00:46:42,042
Health checks could be
done, "Hey, you're at risk.
746
00:46:42,052 --> 00:46:47,682
You really should drink a bottle of
water before you get on that plane."
Instead of, "Give me that bottle of
747
00:46:47,692 --> 00:46:51,722
water you're carrying because we wanna
make sure there's no germs in it."
748
00:46:52,082 --> 00:46:52,732
S- see?
749
00:46:52,742 --> 00:46:53,652
It's okay.
750
00:46:54,442 --> 00:46:55,622
I'm-- it's not poison.
751
00:46:55,642 --> 00:46:57,392
Leave me alone." By the way, you can.
752
00:46:57,702 --> 00:47:04,022
Some of that oxygen water I
got in drinkable form, these
big tall bottles at $10 apiece.
753
00:47:04,452 --> 00:47:09,532
And I just-- when I was on the regimen of
going every day, I needed to go on a trip.
754
00:47:10,192 --> 00:47:12,702
And so I asked, they, "Oh,
this isn't a problem at all.
755
00:47:12,702 --> 00:47:20,290
You just tell TSA you've got that." And
they have a bottle shaped thing they
stick the bottle in and say, "Okay,
756
00:47:20,290 --> 00:47:25,530
that's okay." You just tell them your
doctor
needed you to, do that, and the
doctor at the oxygen place did that.
757
00:47:25,700 --> 00:47:29,050
He built a system outside
of the existing system.
758
00:47:29,420 --> 00:47:30,840
Works very well.
759
00:47:31,190 --> 00:47:33,470
And again, you can't say that.
760
00:47:34,040 --> 00:47:38,800
I, I wanted to help him on some
marketing and said, "You can't go out
and tell people you can get cured."
761
00:47:39,450 --> 00:47:47,880
But stage four cancer, skin cancer
patients are what he really treats,
and th- their comfort level is so good.
762
00:47:48,210 --> 00:47:50,960
Whether or not they stay alive
is not the issue anymore.
763
00:47:51,290 --> 00:47:55,640
The issue is, can they be
comfortable in their skin?
764
00:47:55,960 --> 00:47:59,990
and he's got evidence that's
been working for, 20, 30 years.
765
00:48:00,560 --> 00:48:07,950
But, we can't go out and say it cures
cancer because the FDA would be suing
him, not about what actually happens.
766
00:48:08,430 --> 00:48:15,270
Most FDA and regulatory lawsuits are
about infractions of regulations.
767
00:48:15,900 --> 00:48:21,030
when I was working in publishing,
we did the book, I think I'm the
publisher on it, the way we handle that.
768
00:48:21,030 --> 00:48:24,320
the guy wanted to have a book, and he
wanted to tell his story of fighting
769
00:48:24,320 --> 00:48:29,720
with FINRA And, if you're a securities
agent, that's very important.
770
00:48:30,350 --> 00:48:35,920
he gave up his license and made a
big deal of it because he wanted
to be able to tell all in the book.
771
00:48:36,610 --> 00:48:39,660
I don't think he kinda got what he
wanted, but that's a different story.
772
00:48:39,940 --> 00:48:44,830
his goal was to tell the truth
about everything went on, and the
story in the book is fascinating.
773
00:48:45,140 --> 00:48:46,480
I'd recommend it to anyone.
774
00:48:46,550 --> 00:48:52,180
But, other than I can't think of
the name right now, the idea was
all the problems could be fixed.
775
00:48:52,610 --> 00:48:57,330
as a company was going broke, they
wanted to take care of the customers.
776
00:48:58,020 --> 00:49:02,140
And he says, "Let's send out a
letter from the old company saying
777
00:49:02,400 --> 00:49:06,270
that we have assigned this guy
to take over all the accounts."
778
00:49:06,600 --> 00:49:07,975
And this is your investment account.
779
00:49:08,285 --> 00:49:09,425
This is an important thing.
780
00:49:10,045 --> 00:49:18,375
And in doing that, he carried a
thumb drive with the mailing list
on it from one office down the hall
781
00:49:18,375 --> 00:49:22,235
to another office, but that other
office wasn't the same company.
782
00:49:23,435 --> 00:49:24,755
And so he broke that.
783
00:49:24,785 --> 00:49:29,885
They slapped him with, like, a $20,000
fine, in his world which was nothing.
784
00:49:30,245 --> 00:49:32,045
He called it his badge of honor.
785
00:49:32,365 --> 00:49:38,865
But still when I heard the story, I'm
going like, "Yeah, but what about the
companies?" 'Cause it was all around.
786
00:49:39,055 --> 00:49:43,255
There was a lot of fraud and
infractions and bad stuff going on.
787
00:49:43,415 --> 00:49:44,975
It's why the company was going broke.
788
00:49:45,865 --> 00:49:53,225
And it really had nothing to do
with whether or not, the customers
were getting good service.
789
00:49:53,795 --> 00:49:54,005
Right.
790
00:49:54,005 --> 00:49:58,225
And I, I see why they have the regulation,
but the regulation didn't help.
791
00:49:59,075 --> 00:50:00,835
And isn't that all the
regulations we have?
792
00:50:00,835 --> 00:50:04,165
So again, bottom line,
let's set up a new service.
793
00:50:04,675 --> 00:50:07,835
In fact, you know, I'm, I
wanna keep talking with you.
794
00:50:08,275 --> 00:50:15,915
I wanna see where I can get in on this
and what we're going to do to integrate
this with everything else so that the
795
00:50:15,915 --> 00:50:20,345
end user is giving up a certain amount
of data, and I'm not paying for that.
796
00:50:20,515 --> 00:50:22,155
By the way, do you pay for the app now?
797
00:50:22,835 --> 00:50:23,575
Jonathan Thomas: A little bit.
798
00:50:24,365 --> 00:50:28,845
But it, it's not that much, and eventually
it, it will go to basically zero.
799
00:50:28,855 --> 00:50:28,885
Okay.
800
00:50:28,895 --> 00:50:31,145
Your healthcare will be essentially zero.
801
00:50:31,505 --> 00:50:33,335
Warren Whitlock: Are you
charging a monthly fee for it?
802
00:50:33,525 --> 00:50:33,835
Jonathan Thomas: No.
803
00:50:34,435 --> 00:50:35,825
Warren Whitlock: Okay, so
it's not a subscription.
804
00:50:36,065 --> 00:50:36,605
Jonathan Thomas: subscription.
805
00:50:36,615 --> 00:50:36,645
Okay.
806
00:50:37,035 --> 00:50:37,385
Warren Whitlock: Yeah.
807
00:50:37,565 --> 00:50:39,115
It's a one-time charge, okay.
808
00:50:39,315 --> 00:50:44,865
And that has to do with you're a small
company and you need the users, and
the income helps with that, and it
809
00:50:45,165 --> 00:50:48,795
also means you're only dealing with
people that are serious enough about
810
00:50:48,805 --> 00:50:52,495
it, instead of a kid who decides
to download it and then, you know-
811
00:50:52,545 --> 00:50:53,105
Jonathan Thomas: Yeah, there, there's
812
00:50:53,455 --> 00:50:54,204
Warren Whitlock: a lot of
costs- … floods you with
813
00:50:54,204 --> 00:50:54,373
Jonathan Thomas: a lot of questions
814
00:50:54,373 --> 00:50:54,855
behind the scenes.
815
00:50:54,855 --> 00:50:56,605
And, and we're self-funded, so-
816
00:50:56,985 --> 00:50:57,315
Warren Whitlock: Yeah
817
00:50:58,853 --> 00:51:01,613
Jonathan Thomas: You know, we
don't have a big VC behind us,
818
00:51:01,623 --> 00:51:04,293
Warren Whitlock: Oh, man, all
the investors I- that listen to
819
00:51:04,293 --> 00:51:08,173
my show are gonna be going like,
"Dang, Warren, turn him around.
820
00:51:08,183 --> 00:51:11,233
Let him get him to take some
money." "We want in on this."
821
00:51:12,623 --> 00:51:16,353
And you're using AI, so, boy, you
already got the magic power there.
822
00:51:16,823 --> 00:51:19,913
so but somebody needs
to build these things.
823
00:51:19,923 --> 00:51:21,413
You are building a piece.
824
00:51:22,093 --> 00:51:28,353
But really, let's stick this in with
the telemedicine, everything, and
c- it's like concierge medicine.
825
00:51:29,163 --> 00:51:33,943
and I would imagine your typical
customer is somebody that knows
what concierge medicine is.
826
00:51:34,683 --> 00:51:35,273
Jonathan Thomas: Yes.
827
00:51:35,913 --> 00:51:36,153
Yeah.
828
00:51:36,153 --> 00:51:37,553
it's even beyond that.
829
00:51:37,553 --> 00:51:39,103
it's agentic medicine.
830
00:51:39,543 --> 00:51:39,903
Warren Whitlock: Yeah.
831
00:51:40,653 --> 00:51:43,643
Jonathan Thomas: It's, it's- Wow … more
seamless than concierge medicine.
832
00:51:44,233 --> 00:51:45,013
Warren Whitlock: Wow.
833
00:51:45,163 --> 00:51:49,583
Jonathan Thomas: So I- it's concierge
medicine for the everyday guy or girl.
834
00:51:50,033 --> 00:51:50,433
Warren Whitlock: Yeah.
835
00:51:50,953 --> 00:51:51,043
Right?
836
00:51:51,053 --> 00:51:54,653
it's the model of concierge medicine
taken down to something that makes sense.
837
00:51:54,913 --> 00:51:55,453
Jonathan Thomas: Correct.
838
00:51:55,693 --> 00:51:59,643
Warren Whitlock: And when I didn't
have insurance, I talked to some
people in concierge medicine.
839
00:51:59,943 --> 00:52:02,623
Had a friend that was doing
marketing for one of the company.
840
00:52:02,843 --> 00:52:06,003
Went to the seminars, found out
about how the company worked.
841
00:52:06,353 --> 00:52:10,153
It includes a gym membership,
which I found, interesting.
842
00:52:10,493 --> 00:52:19,305
and what, a number where you could text
a doctor at any time And that's because
I've learned this from my coaching.
843
00:52:19,725 --> 00:52:25,325
I can tell 500 people that part
of the package they're buying
is that they get access to me.
844
00:52:25,935 --> 00:52:29,015
I don't have to worry about
getting 500 texts every morning.
845
00:52:29,835 --> 00:52:30,755
It's, like two.
846
00:52:31,605 --> 00:52:34,145
And, I've experienced things like that.
847
00:52:34,335 --> 00:52:41,825
Also, if you do that wrong, you wind
up with just the two, and that doesn't
cover the cost of taking care of them.
848
00:52:41,835 --> 00:52:45,195
So my coaching business did
not do well because of that.
849
00:52:45,555 --> 00:52:50,635
I found out that I get – I wanna
get so involved, I'm better
working at a consultant level.
850
00:52:50,935 --> 00:52:57,645
And then of course, the, information
age came, you know, came away
'cause I'm – this is 20 years ago.
851
00:52:58,055 --> 00:53:04,645
Now, today, if I wanna do that,
yeah, I can set up indi- to
handle more people individually.
852
00:53:04,645 --> 00:53:08,055
I can get 1,000 emails in a
day and get them all processed.
853
00:53:08,575 --> 00:53:13,375
Once I get down
to who are the
three or four people where I can
really make a change in their
854
00:53:13,375 --> 00:53:17,695
life, my life, or improving
society, and that's not that many.
855
00:53:17,695 --> 00:53:18,565
I look for more.
856
00:53:19,205 --> 00:53:23,375
I consider this conversation to be one
of those where, wow, now I've hooked up
857
00:53:23,385 --> 00:53:26,565
with somebody who knows where they're
going and going to do something.
858
00:53:26,825 --> 00:53:28,185
We never talk again.
859
00:53:28,765 --> 00:53:33,385
the good in the world is that,
you know, we've meshed thoughts
860
00:53:33,385 --> 00:53:36,145
for long enough that, we'll
both come up with better ideas.
861
00:53:36,565 --> 00:53:36,915
Exactly.
862
00:53:36,965 --> 00:53:38,265
the same about networking.
863
00:53:38,665 --> 00:53:43,565
If people I know get a chance to
meet people you know, whether or not
864
00:53:43,565 --> 00:53:47,855
they ever even know this conversation
happened, the world's a better place.
865
00:53:47,865 --> 00:53:47,895
Right.
866
00:53:48,455 --> 00:53:49,755
And that's gonna happen.
867
00:53:49,775 --> 00:53:53,185
I think I told you before we started
about the low number of viewers I've
868
00:53:53,185 --> 00:53:57,795
had on various things, and then I find
out the impact gets to be much longer.
869
00:53:58,095 --> 00:54:03,785
I had no idea when you came along
and told me that, you know, you
looked at me as somebody leading and
870
00:54:03,785 --> 00:54:07,785
talking about abundance and going
like, "How'd that message get to him?
871
00:54:07,985 --> 00:54:09,565
What happened there?" You know?
872
00:54:09,565 --> 00:54:13,685
it's not like we were together at a
conference and met and started talking.
873
00:54:14,295 --> 00:54:15,995
It's somewhere, something happened.
874
00:54:16,405 --> 00:54:22,155
and I'm going like, "Well, that's
probably because of all those people
I know in between." And you follow the
875
00:54:22,155 --> 00:54:28,685
same people I follow, and somewhere
along the line, we had a connection
which led to us doing the podcast.
876
00:54:29,155 --> 00:54:31,025
And that's what I'm preaching.
877
00:54:31,145 --> 00:54:34,115
Abundance is to be shared
and everywhere you can.
878
00:54:34,555 --> 00:54:36,915
and there's one last, you
talked about roadblocks.
879
00:54:36,915 --> 00:54:38,575
There's one last that I have to say.
880
00:54:38,875 --> 00:54:40,635
We need to get rid of the profit motive.
881
00:54:41,155 --> 00:54:46,865
Capitalism is great, but we are now seeing
a future where capitalism doesn't work.
882
00:54:47,907 --> 00:54:54,487
Because if my job is to take something
and make it free, you find some way
to have a profit motive in there.
883
00:54:54,957 --> 00:54:57,657
capitalism's still best,
best way to do that.
884
00:54:58,067 --> 00:55:03,137
But when you, you're talking about
coming up with something that's
gonna go from a small charge that
885
00:55:03,137 --> 00:55:07,021
you give
the customer to billions of
people are using it- Well, when, when
886
00:55:07,021 --> 00:55:11,737
Jonathan Thomas: everything is
virtually free, it will, capitalism
will get wiped out naturally.
887
00:55:12,317 --> 00:55:12,697
Warren Whitlock: Yeah.
888
00:55:13,077 --> 00:55:20,187
And we still need to feed and get clean
water- Yes … to a huge number of people.
889
00:55:20,757 --> 00:55:22,887
and basic housing and things like that.
890
00:55:23,257 --> 00:55:31,817
the futures I know talk about a
number of $350 in the US for a
person, or in the West, we'll say.
891
00:55:31,857 --> 00:55:40,237
in the US, give shelter, food, and,
you know, a basic, energy and whatnot
892
00:55:40,247 --> 00:55:44,457
have to be hooked up to make that
work for $350 a person per month.
893
00:55:44,457 --> 00:55:44,837
Jonathan Thomas: day.
894
00:55:45,487 --> 00:55:45,717
Warren Whitlock: Per month.
895
00:55:45,717 --> 00:55:46,327
Jonathan Thomas: month.
896
00:55:46,627 --> 00:55:47,097
Warren Whitlock: Per month.
897
00:55:47,377 --> 00:55:48,207
Jonathan Thomas: Wow, okay.
898
00:55:48,227 --> 00:55:48,437
Warren Whitlock: Yeah.
899
00:55:48,807 --> 00:55:52,857
And what it'll be is r-
robots building houses.
900
00:55:53,487 --> 00:56:00,367
Right now I see that we could use another
10 million instant houses, no matter
901
00:56:00,367 --> 00:56:04,347
what they are, whether it's everything
from a studio apartment up to mansions.
902
00:56:04,707 --> 00:56:08,707
You know, it just has to be
housing Not because there's
people on the street that need it.
903
00:56:09,197 --> 00:56:15,397
Boy, if you wanna talk about failure,
it's anything that's, that claims
to be dealing with the homeless.
904
00:56:15,997 --> 00:56:17,287
That's just a money grab.
905
00:56:17,607 --> 00:56:19,227
It d- there's, it doesn't work.
906
00:56:19,897 --> 00:56:22,667
I met some people who
did fantastic things.
907
00:56:23,117 --> 00:56:32,097
in the aughts, I met somebody, spent a lot
of time, went to a conference down in LA
and met this person who's just on fire.
908
00:56:32,357 --> 00:56:37,477
She had been working for, Yahoo,
but she was working for some big
conglomerate where her position
909
00:56:37,477 --> 00:56:41,117
gave her time to be working on
their charitable giving and whatnot.
910
00:56:41,527 --> 00:56:46,777
And they said, "We've got this
initiative to end homelessness in LA
911
00:56:47,237 --> 00:56:52,117
by 2008." That may not be the exact
year, but it was a long time ago.
912
00:56:52,637 --> 00:57:00,267
Jonathan Thomas: So h- how, how do
you incentivize greatness without
having some financial Benefit.
913
00:57:00,447 --> 00:57:01,387
I mean, I-
914
00:57:01,507 --> 00:57:01,627
Warren Whitlock: Yeah.
915
00:57:01,627 --> 00:57:02,187
That's an interesting thing … that's
916
00:57:02,367 --> 00:57:03,657
Jonathan Thomas:
something I struggle with,
917
00:57:03,707 --> 00:57:04,047
Warren Whitlock: Yeah.
918
00:57:04,487 --> 00:57:08,107
I- so it's, it's an interesting thing,
and I get into the spiritual side of
919
00:57:08,107 --> 00:57:12,137
that, that you are not a whole person
unless you're giving to other people.
920
00:57:12,997 --> 00:57:18,347
and you have to figure out a
way to give, and we ought to
be teaching that, not take.
921
00:57:18,497 --> 00:57:23,277
Not, "You deserve this because
you were born," kind of thing.
922
00:57:23,277 --> 00:57:30,277
Not, and not, "We're gonna do this
extra test to make sure there's
no lawsuit later," in medicine.
923
00:57:30,657 --> 00:57:34,607
Jonathan Thomas: Yeah … and
that- I, I, I get that, and
that's a, that's a great attitude.
924
00:57:34,607 --> 00:57:37,587
it just doesn't work well with our species
925
00:57:38,187 --> 00:57:40,997
Warren Whitlock: And it hasn't worked
well with our species because of scarcity.
926
00:57:41,677 --> 00:57:43,141
Eh, do they really, though?
927
00:57:45,031 --> 00:57:53,551
I mean, I'm imagining a- at this point
in life, you're not, you're not in this
company because you need to build wealth.
928
00:57:54,391 --> 00:57:57,991
That's a nice thing to have in the
mix, but take that out for a moment.
929
00:57:58,441 --> 00:58:04,861
If you have the billion dollars there
and everything's going fine, would you
still be doing something like this?
930
00:58:05,651 --> 00:58:07,985
Jonathan Thomas: I am of course.
931
00:58:08,005 --> 00:58:08,385
This is-
932
00:58:08,405 --> 00:58:09,105
Warren Whitlock:
Okay … this is my passion.
933
00:58:09,115 --> 00:58:10,955
Oh, you just admitted
to being a billionaire.
934
00:58:11,365 --> 00:58:11,965
I'm kidding.
935
00:58:12,265 --> 00:58:17,405
whether you are or not is inconsequential
to this, this program or your company.
936
00:58:17,765 --> 00:58:22,795
You're building something that's gonna m-
m- be better for in the abundant future.
937
00:58:23,215 --> 00:58:23,685
Exactly.
938
00:58:23,685 --> 00:58:25,285
And I tot- totally applaud you for that.
939
00:58:25,525 --> 00:58:28,925
And I think… And I'm not
doing this podcast to get paid.
940
00:58:29,365 --> 00:58:33,175
I've done thousands of episodes
of podcasts, very little
941
00:58:33,175 --> 00:58:37,015
sponsorship, couple of deals where
it helped me because of the…
942
00:58:37,385 --> 00:58:40,665
Definitely great for my reputation
to say I'm a podcast host.
943
00:58:41,435 --> 00:58:45,275
built most of my audience with
that in mind, that I was there.
944
00:58:45,415 --> 00:58:48,925
I wrote the first book about Twitter,
and I have a podcast since forever.
945
00:58:49,345 --> 00:58:53,255
And then people find out, "Oh, you know
something." And then it gets them over the
946
00:58:53,255 --> 00:58:57,585
hump to after 10 minutes talking, they go
like, "You know what you're talking about.
947
00:58:57,645 --> 00:58:59,045
you've got experience.
948
00:58:59,095 --> 00:59:03,425
But I can't position myself as a futurer
that's gonna tell you how to get ahead,
949
00:59:04,265 -->
00:59:10,325
I'm thinking about how I can 10X or
1,000X or million X what you're doing.
950
00:59:11,165 --> 00:59:13,135
I think about that in every conversation.
951
00:59:13,315 --> 00:59:17,505
And in fact, it wouldn't have gone this
long if I wasn't thinking that you were
952
00:59:17,505 --> 00:59:21,745
somebody who was gonna do that and help
my influence go out to those places.
953
00:59:22,095 --> 00:59:24,085
Because I know you, and
I'm gonna share this.
954
00:59:24,425 --> 00:59:27,975
I'm gonna be a better person
because I share this interview.
955
00:59:28,355 --> 00:59:34,235
And not just the interview so I can
get people to watch it, but it'll be
this inter- 'cause I want these…
956
00:59:35,145 --> 00:59:41,135
It'll actually be more of I get set
at lunch at somebody at a conference,
and they get talking about something.
957
00:59:41,135 --> 00:59:44,745
It says, well, you know, I got
this thing called, Aguiform,
958
00:59:45,755 --> 00:59:48,245
'cause I, you know, I have trouble
remembering the name for a while.
959
00:59:48,585 --> 00:59:48,895
And
960
00:59:49,695 --> 00:59:50,835
Oh, no Al- Algo.
961
00:59:50,835 --> 00:59:52,845
We've taken- An algorithm,
algo mash That's it.
962
00:59:52,845 --> 00:59:54,585
I was just mispronouncing it that time.
963
00:59:54,905 --> 00:59:59,465
Algomash, so algorithm and
the idea of mash, right?
964
00:59:59,665 --> 01:00:00,275
Mash up
965
01:00:00,275 --> 01:00:00,855
Jonathan Thomas: things.
966
01:00:01,035 --> 01:00:02,145
Warren Whitlock: Yeah, mash up things.
967
01:00:02,145 --> 01:00:09,355
That's great because it implies,
that you're not gonna stop with just
mashing up what you're doing now.
968
01:00:10,475 --> 01:00:10,705
Correct.
969
01:00:10,705 --> 01:00:12,245
This won't be your only product ever.
970
01:00:12,655 --> 01:00:13,625
Correct … yeah.
971
01:00:13,795 --> 01:00:21,675
And so Algomash, and so I'm just gonna
say it enough times that I don't… Hey,
that really got… what was his name?
972
01:00:21,935 --> 01:00:23,555
Well, I know he had two first names.
973
01:00:23,755 --> 01:00:24,045
Jonathan Thomas: JT.
974
01:00:24,075 --> 01:00:25,175
Warren Whitlock: Oh, JT.
975
01:00:25,415 --> 01:00:25,645
Yeah.
976
01:00:25,645 --> 01:00:25,665
So good.
977
01:00:25,665 --> 01:00:30,085
And this is a great guy, JT, and, and I
remember him 'cause he has a bald head.
978
01:00:30,515 --> 01:00:32,525
Oh, wait a minute, that's
half the people I meet.
979
01:00:33,325 --> 01:00:36,345
He's… He had a blue shirt on.
980
01:00:38,255 --> 01:00:43,025
And unlike your camera, I can't tell
you how mu- what the distance is between
981
01:00:43,025 --> 01:00:48,395
your eyes and, and, you know, how big the
nose is and whatever features there are.
982
01:00:48,655 --> 01:00:49,435
I see that.
983
01:00:49,455 --> 01:00:50,885
It's like any other technology.
984
01:00:50,885 --> 01:00:52,865
I see it and I go like,
"That's pretty good stuff."
985
01:00:52,865 --> 01:00:58,895
That must be how some, you know, the
Bill Clintons of the world can, can
know everybody and remember everybody.
986
01:00:59,165 --> 01:01:05,135
So I, you know, I don't go around saying
Bill Clinton's smarter than me in IQ,
but I can't, I can't get the faces.
987
01:01:05,855 --> 01:01:08,255
Jonathan Thomas: you, you've not
been interested in learning that.
988
01:01:08,255 --> 01:01:09,375
You haven't trained yourself.
989
01:01:09,375 --> 01:01:09,645
Warren Whitlock: Yeah
990
01:01:09,655 --> 01:01:12,265
…
Jonathan Thomas: you're perfectly
capable of doing it if you wanted to.
991
01:01:13,185 --> 01:01:13,575
Warren Whitlock: Yeah.
992
01:01:13,635 --> 01:01:19,125
And so the right things aren't firing
in my brain, and I don't know why.
993
01:01:19,265 --> 01:01:23,055
You know, we don't teach
face recognition to humans.
994
01:01:23,625 --> 01:01:25,765
I've never seen a class
on facial recognition.
995
01:01:25,905 --> 01:01:26,525
I'd take it.
996
01:01:26,965 --> 01:01:28,015
I'd wanna know that.
997
01:01:28,475 --> 01:01:30,885
But, yeah, NPR guy, oh, what's his name?
998
01:01:30,925 --> 01:01:33,375
This American Life, that guy.
999
01:01:34,045 --> 01:01:40,525
he had a segment on about face
blindness, and the experts were
saying that it's not binary.
1000
01:01:41,475 --> 01:01:45,215
And, you know, I'd never really
thought about it, but I said, "I
1001
01:01:45,225 --> 01:01:48,735
don't have face blindness." You know,
I can recognize my wife and kids.
1002
01:01:49,225 --> 01:01:53,205
you know, I mix up my kids' names
because we all do, especially when
1003
01:01:53,205 --> 01:01:56,305
they're young and you're calling them
to do something and they're all there.
1004
01:01:56,695 --> 01:01:58,905
but, you know, that's just normal stuff.
1005
01:01:58,955 --> 01:02:04,525
and then I listen to this and at the
end of it, he's talking to his producer,
and he says, "Yeah, I think I'm like
1006
01:02:04,525 --> 01:02:07,985
that." And the producer says, "Yes,
I've traveled with you." "When we're
1007
01:02:07,985 --> 01:02:12,845
at a conference or a big meeting, I'm
constantly telling you who people are."
1008
01:02:14,265 --> 01:02:18,635
And they're like, "Great, I'm
with Ira Glass. I'm face blind."
And whatever- You just have it
1009
01:02:18,865 --> 01:02:19,845
Jonathan Thomas: stored in a different
1010
01:02:19,855 --> 01:02:28,105
Warren Whitlock: database instead of RAM
… yeah, whatever the continuum is between
zero and one, I'm closer to one than zero.
1011
01:02:28,425 --> 01:02:30,245
And, yeah, I have some.
1012
01:02:30,605 --> 01:02:31,635
And so what?
1013
01:02:31,675 --> 01:02:34,485
And I would love to get
better at recognizing faces.
1014
01:02:34,885 --> 01:02:43,265
It's-- I have a good friend now, his name
is Daryl, and now when I see him, it's a
constant joke about, "Do you know what my
1015
01:02:43,265 --> 01:02:48,445
name is?" Because I met him four times and
he doesn't like telling people who he is.
1016
01:02:48,675 --> 01:02:51,715
Doesn't wear a name badge,
and I'm somewhat like that.
1017
01:02:51,715 --> 01:02:56,925
if you don't know me well enough to talk
to me, if you're afraid, I do try to
1018
01:02:56,925 --> 01:03:02,725
now because I want people who know me,
recognize who I am, come up and say hi.
1019
01:03:03,415 --> 01:03:04,735
I do want that to happen.
1020
01:03:05,195 --> 01:03:07,655
But it's not like I'm
trying to avoid anybody.
1021
01:03:08,065 --> 01:03:11,315
And so I make sure I put on
a name badge for that reason.
1022
01:03:11,755 --> 01:03:13,005
And, he doesn't.
1023
01:03:13,045 --> 01:03:13,835
He's one of those.
1024
01:03:14,355 --> 01:03:16,825
And so over 10 years, we met four times.
1025
01:03:17,265 --> 01:03:18,475
Always a great discussion.
1026
01:03:18,945 --> 01:03:20,645
And I'd see him and I'd
say, "I know you, don't I?"
1027
01:03:21,215 --> 01:03:23,885
And he goes, "Yeah." "What's your
name?" And he didn't wanna tell me.
1028
01:03:24,165 --> 01:03:28,545
in the crypto world, there are
some people who go by the idea that
1029
01:03:28,545 --> 01:03:32,175
you have a different name online,
and it's gotta be encrypted, too.
1030
01:03:32,275 --> 01:03:37,905
And turns out, met this guy,
helped him get in a position where
he changed something about his
1031
01:03:37,905 --> 01:03:42,715
business and, you know, now he's
done multi-millions off of that.
1032
01:03:43,485 --> 01:03:44,355
He's done very well.
1033
01:03:44,395 --> 01:03:46,085
I don't call myself responsible.
1034
01:03:46,085 --> 01:03:48,075
It's not like I made the introduction.
1035
01:03:48,435 --> 01:03:51,075
But I was responsible for holding
the event where that happened.
1036
01:03:51,515 --> 01:04:00,029
and so he remembers me because of
that event I remember him because he's
told me 4,000 times what his name is.
1037
01:04:00,539 --> 01:04:03,759
the last time we were together for
three days at a conference and I
1038
01:04:03,769 --> 01:04:06,689
just started when, went up to him
saying, "Hi, my name is Darryl."
1039
01:04:07,189 --> 01:04:11,059
So, you know, let's just make everybody's
name Darryl and then I'll never forget.
1040
01:04:11,389 --> 01:04:13,489
so it's going on now what?
1041
01:04:13,509 --> 01:04:17,719
10, 12, 15 years since I've
been first introduced to him.
1042
01:04:18,239 --> 01:04:20,209
And, yeah, interesting thing.
1043
01:04:20,479 --> 01:04:24,729
But in my database of the
future, I'm gonna know that.
1044
01:04:25,319 --> 01:04:26,979
I'm gonna be able to get the signal.
1045
01:04:27,069 --> 01:04:30,569
I like the idea of not so much
on the display, but in the ear.
1046
01:04:31,089 --> 01:04:33,469
I wear bone conducting
headphones I got 'em on now.
1047
01:04:33,879 --> 01:04:39,329
where they don't go into the
ear, and I'll have something like
that and it'll just be there.
1048
01:04:39,799 --> 01:04:43,479
It'll be whispering in your ear instead
of needing an assistant to do that.
1049
01:04:44,029 --> 01:04:51,479
And you go, "Oh, yeah, I remember. JT,
and we talked on Twitter. Oh, yeah."
1050
01:04:51,569 --> 01:04:52,439
Jonathan Thomas: Exactly.
1051
01:04:52,739 --> 01:04:55,489
Warren Whitlock: an hour ago,
I didn't know who you were.
1052
01:04:56,599 --> 01:05:00,209
this is Algomash guys com- I don't
know anything about Algomash.
1053
01:05:00,969 --> 01:05:04,429
Jonathan Thomas, how am I gonna…
Let me look up all the Jonathans
1054
01:05:05,199 --> 01:05:08,519
and Thomas' in my database
where I may have talked to you.
1055
01:05:09,129 --> 01:05:10,469
and it doesn't work that well.
1056
01:05:10,829 --> 01:05:12,759
I have hundreds of thousands.
1057
01:05:13,219 --> 01:05:22,659
I, found out about the first social,
CRM, 15 years ago, by the guy who
created, One of those big, CRMs from
1058
01:05:22,659 --> 01:05:30,929
the late '80s, early '90s, and got
bought out by Microsoft and he retired
and had, went way past non-compete.
1059
01:05:31,279 --> 01:05:36,959
And then when he saw social media coming,
he says, "We're not doing this right."
And at the time, it was very easy to
1060
01:05:37,369 --> 01:05:44,889
go into Facebook and find out all your
contacts that you had an email address or
whatever, to put 'em into the next thing.
1061
01:05:45,379 --> 01:05:52,279
And so a lot of companies built by letting
you go in and bring in all your Facebook
contacts or all your Twitter contacts.
1062
01:05:52,779 --> 01:05:59,499
That's been, you know, more or less
outlawed, although allowed in certain
situations and if you have a paid account.
1063
01:05:59,879 --> 01:06:08,999
but I got the, CRM and it… so I met
the, John Ferrara who built all it, and
he had this new thing called Nimble.
1064
01:06:09,489 --> 01:06:14,909
And I got into it and I recalled
that since the '80s I've considered
a database to be important.
1065
01:06:15,839 --> 01:06:20,289
And your database was a Rolodex
back then, and you were trying to
1066
01:06:20,289 --> 01:06:23,829
computerize it wherever you could
and keeping things like that.
1067
01:06:23,879 --> 01:06:32,449
When I started in social media, I
had a database of 130,000 people
that I built up from my business.
1068
01:06:32,769 --> 01:06:38,419
So, you know, 50,000 of 'em I
hadn't really contacted, they
just wound up in the database.
1069
01:06:38,969 --> 01:06:46,019
Another 50,000 of 'em were
the customers of my business,
and so we met 'em that way.
1070
01:06:46,049 --> 01:06:47,789
But, they got entered into the CRM.
1071
01:06:48,189 --> 01:06:49,389
That's about as far as we knew.
1072
01:06:49,399 --> 01:06:52,339
Or we might have done
service or sold 'em supplies.
1073
01:06:52,479 --> 01:06:53,659
We were in the laser printer business.
1074
01:06:54,279 --> 01:07:00,629
And, I never bothered to keep
that apart, but I always looked
for better ways to organize it.
1075
01:07:00,949 --> 01:07:03,719
And so social media came along
and I had to try all of that.
1076
01:07:04,569
--> 01:07:12,229
And I, I did and it just exploded
what I could do, except for me
organizing and keeping it in sync.
1077
01:07:12,689 --> 01:07:18,759
When Nimble came along that helped
a lot, and I wound up with not
everybody that I have in my Twitter
1078
01:07:18,759 --> 01:07:25,699
database, but everybody from that
old database and some of the other
projects I'm working on are in there.
1079
01:07:25,969 --> 01:07:28,909
And I believe it's just under 500,000 now.
1080
01:07:29,279 --> 01:07:32,649
And the ability to find
things there are great.
1081
01:07:33,179 --> 01:07:35,539
It even surfaces who
you haven't talked to.
1082
01:07:35,759 --> 01:07:39,439
You can mark somebody to be keep
in touch, and it'll do that.
1083
01:07:39,649 --> 01:07:42,009
And sales organizations are using that.
1084
01:07:42,369 --> 01:07:44,589
There's all sorts of things
that… Good things for me.
1085
01:07:45,309 --> 01:07:48,299
But, you know, I've got a
million other databases to keep.
1086
01:07:49,369 --> 01:07:56,359
I have a company where we have n- 9
million customer records, that have,
interacted with us over the years.
1087
01:07:56,609 --> 01:07:59,139
maybe 2 million of them are active now.
1088
01:07:59,569 --> 01:08:02,099
But, active email
addresses and I send out…
1089
01:08:02,389 --> 01:08:05,249
You know, this morning I sent out an
email that went to a million people.
1090
01:08:05,619 --> 01:08:07,539
and so it's constantly going off.
1091
01:08:07,719 --> 01:08:13,529
Well, you get that big and you
can't, you can't, you know, drill
down and get more information on.
1092
01:08:14,729 --> 01:08:18,099
You can, but where's the
profitability in that?
1093
01:08:18,099 --> 01:08:23,079
And I think it's- that, that
is a website where people are
allowed to download free e-books.
1094
01:08:23,379 --> 01:08:24,259
Jonathan Thomas: Well, come on, Warren.
1095
01:08:24,269 --> 01:08:26,969
You, you, you've, you've,
nixed profitability.
1096
01:08:26,999 --> 01:08:28,379
Just give it away for free.
1097
01:08:28,569 --> 01:08:30,159
Warren Whitlock: I've been
doing it for a long time.
1098
01:08:30,179 --> 01:08:30,489
Jonathan Thomas: I know
1099
01:08:30,489 --> 01:08:37,259
Warren Whitlock: I am reminded regularly
by everybody from the bank to the wife
to… It is people I've just met like you.
1100
01:08:37,309 --> 01:08:41,689
They're saying like, "You should be, you
should have a whole lot more than you do."
1101
01:08:42,069 --> 01:08:48,459
But, it's, it's okay because I look at
business as being like a Monopoly game.
1102
01:08:49,419 --> 01:08:54,759
If we're playing a board game,
and let's say we're pre-teens who
1103
01:08:55,259 --> 01:08:57,979
have enough time to play a lot
of board games in the summers.
1104
01:08:58,039 --> 01:08:59,919
And that's when I got into Monopoly.
1105
01:09:00,529 --> 01:09:02,559
And so we would just play all day long.
1106
01:09:02,599 --> 01:09:05,559
And a game would take,
you know, 60, 90 minutes.
1107
01:09:06,089 --> 01:09:13,259
and then I met a guy who was playing
the game in 20 minutes, and he
just like raced through everything.
1108
01:09:13,749 --> 01:09:15,509
He gave you twice as much cash.
1109
01:09:16,219 --> 01:09:24,869
he changed a couple of other minor rules
and said, "Let's just get to it" and it
was a lot of negotiating for the property.
1110
01:09:25,519 --> 01:09:26,589
And this is just a kid.
1111
01:09:26,589 --> 01:09:28,679
I'm like, you know, 12 when this happened.
1112
01:09:29,449 --> 01:09:33,569
And I started playing that way,
and Monopoly was a whole different
game, and I loved playing it.
1113
01:09:33,969 --> 01:09:34,189
Jonathan Thomas: Yep.
1114
01:09:34,199 --> 01:09:34,589
So
1115
01:09:34,759 --> 01:09:36,989
Warren Whitlock: this is why I
love using Monopoly as the example.
1116
01:09:36,989 --> 01:09:42,769
But the example which I tell often is
that Mom comes in, we're playing Monopoly.
1117
01:09:42,929 --> 01:09:44,459
You're winning, I'm losing.
1118
01:09:45,985 --> 01:09:48,895
And, mom says, "It's
time to go to the mall."
1119
01:09:49,425 --> 01:09:52,185
And you go like, "Well, yeah, we
wanna go, but what are we gonna
1120
01:09:52,185 --> 01:09:55,585
do about this Monopoly game? We
just got into it." You're winning.
1121
01:09:55,975 --> 01:10:01,055
Your idea is gonna be let's leave it
right where it is, and we'll come back
in a few hours and finish the game.
1122
01:10:01,525 --> 01:10:04,145
My idea is let's just clean it up and,
1123
01:10:04,225 --> 01:10:06,115
No, that wouldn't be Warren's idea ever.
1124
01:10:06,115 --> 01:10:07,945
I'm going like, "We don't
need to play a game.
1125
01:10:07,945 --> 01:10:10,445
Just dump all this stuff to the side.
1126
01:10:10,445 --> 01:10:11,165
We'll set it up.
1127
01:10:11,315 --> 01:10:17,955
We won't take it even off the table,"
'cause I'm lazy that way. But let's say
whatever, we get back, and we got…
1128
01:10:18,245 --> 01:10:25,875
Now we gotta look at the external
factors. Mom, the authority figure comes
in and says, "Clean it up right now.
1129
01:10:25,945 --> 01:10:29,935
I want you cleaned up and in the car in
five minutes." Well, now that's decided.
1130
01:10:30,155 --> 01:10:31,805
The dog comes and knocks it over.
1131
01:10:32,285 --> 01:10:34,265
that's, you know, natural disasters.
1132
01:10:34,525 --> 01:10:40,315
Or, we make some agreement between
what we're going to do, and I
accidentally kick the board over.
1133
01:10:40,645 --> 01:10:47,193
whatever happens, happens Here's
the thing, after dinner we're gonna
set up the board and play again.
1134
01:10:48,373 --> 01:10:52,913
The outcome of who won or lost the
last game is negligible at that point.
1135
01:10:53,443 --> 01:10:54,643
We don't even remember it.
1136
01:10:54,783 --> 01:11:00,803
I remember if you win every time
we play, which is how I learned to
play fast, and, you know, when I got
1137
01:11:00,803 --> 01:11:05,133
married, I went with my wife, and
my brother wanted to play Monopoly.
1138
01:11:05,133 --> 01:11:05,943
We set it up.
1139
01:11:06,333 --> 01:11:14,023
I don't recall we were able to use my
rules, but by that time I was in the
idea anything you can do that's cheating,
1140
01:11:14,293 --> 01:11:21,833
like count eight instead of nine places
when you move, because that's lands you
on a better place, you know, anything
1141
01:11:21,833 --> 01:11:28,113
like that is allowed, as long as it's
done in the open and everybody can see
it and they're just not paying attention.
1142
01:11:28,723 --> 01:11:37,003
So no stealing money from the bank
and, but if you're negotiating with
somebody and say, "Okay, I'll, I'll
1143
01:11:37,003 --> 01:11:40,813
give you this two, these two properties
and $100," well, you can give them
1144
01:11:40,833 --> 01:11:45,063
$80 and switch which property you give
them, and that would still be okay.
1145
01:11:45,273 --> 01:11:48,183
As long as they take it and it's
an open transaction, it's okay.
1146
01:11:48,593 --> 01:11:56,153
changed my views about shoplifting for a
while because I would go into a store and
look for something that was mistagged.
1147
01:11:57,213 --> 01:11:59,733
It's on s- it was on sale,
but it went off sale.
1148
01:11:59,733 --> 01:12:04,393
I go in there, I find three in the
back of the hundred that are marked
1149
01:12:04,393 --> 01:12:08,133
with the sale price, and you take
that and the cashier charges you that.
1150
01:12:08,523 --> 01:12:09,633
Is that illegal?
1151
01:12:10,133 --> 01:12:10,893
is it wrong?
1152
01:12:10,973 --> 01:12:11,483
Yeah.
1153
01:12:12,003 --> 01:12:15,973
It didn't, it didn't go in the
spirit of what the bank was,
what the store was trying to do.
1154
01:12:16,343 --> 01:12:19,073
So I've tu- I've turned around on
the moral position of all this.
1155
01:12:19,073 --> 01:12:25,993
But at the time, I played Monopoly like
that, and I did absolutely nothing when
I'm playing with my wife and brother,
1156
01:12:26,353 --> 01:12:29,903
and I got shut down, and that was
the last game of Monopoly I played.
1157
01:12:30,283 --> 01:12:39,563
you know, I was 23, because it just
didn't go r- But the idea of seeking to
optimize and looking for the best way
1158
01:12:39,563 --> 01:12:45,793
to do it, if I could change things so
that another thousand people got to know
1159
01:12:45,793 --> 01:12:52,679
about what you're doing- And cut out some
of the crap that's, you know, sheesh.
1160
01:12:53,019 --> 01:12:56,219
regularly I watch Peter Diamandis
and he talks about Fountain Life.
1161
01:12:56,219 --> 01:12:57,689
And I'm going, "This is great.
1162
01:12:57,859 --> 01:13:04,089
I have all my CEOs and everybody I
know, every board I'm on, and because
I want these people to live for a long
1163
01:13:04,089 --> 01:13:11,379
time." You go through the Fountain of
Life procedure and, $15,000 later you
find out about the cancer that hasn't
1164
01:13:11,389 --> 01:13:15,459
reached stage one, and you can take
some action and, it improves your life.
1165
01:13:15,659 --> 01:13:17,049
Is that worth $15,000?
1166
01:13:17,049 --> 01:13:17,379
Yeah.
1167
01:13:17,789 --> 01:13:20,409
Is Warren gonna spend $15,000?
1168
01:13:21,679 --> 01:13:22,319
Maybe not.
1169
01:13:23,919 --> 01:13:27,789
So I think anything we can do to speed
up that process keeps soul alive.
1170
01:13:28,459 --> 01:13:35,049
And I'm pretty sure in the abundant
future I'm not gonna have to worry
about the fact that, you know, I wound
1171
01:13:35,059 --> 01:13:41,359
up with a little credit card debt here
or I have this thing here which I'm,
you know, I'm working on and the vendor
1172
01:13:41,639 --> 01:13:46,249
and the, customer didn't pay me, or I
went beyond what I contracted to do.
1173
01:13:46,569 --> 01:13:47,519
It's not gonna matter.
1174
01:13:48,389 --> 01:13:48,399
Jonathan Thomas: Yeah.
1175
01:13:48,399 --> 01:13:53,999
Well, the bottom line is this
universe is… got so much
potential already built in.
1176
01:13:54,409 --> 01:13:54,649
Warren Whitlock: Yeah.
1177
01:13:54,649 --> 01:13:57,449
Jonathan Thomas: we have been brought
up with this scarcity mindset.
1178
01:13:57,459 --> 01:13:57,489
Right.
1179
01:13:57,859 --> 01:13:59,669
And you need to change that.
1180
01:13:59,749 --> 01:14:00,199
We need to change that.
1181
01:14:00,199 --> 01:14:00,219
You're
1182
01:14:00,229 --> 01:14:03,739
Warren Whitlock: Work is good for
the soul, but it's not, it's not…
1183
01:14:04,079 --> 01:14:07,079
The reason to work is not because
your soul's gonna get better,
1184
01:14:07,619 --> 01:14:10,699
and it's not g- it's not because
you're gonna make some more money.
1185
01:14:10,959 --> 01:14:11,899
You need to eat.
1186
01:14:12,469 --> 01:14:16,769
remember 200 years ago none of
the jobs we have today existed.
1187
01:14:17,049 --> 01:14:19,749
People didn't get jobs,
they worked on their farm.
1188
01:14:20,379 --> 01:14:23,989
and then maybe worked with somebody
else to do something of a bigger thing.
1189
01:14:23,989 --> 01:14:26,899
And then, you know, there
were governments and schools.
1190
01:14:27,169 --> 01:14:30,539
schools, mm, yeah, 200 years
ago would have been something.
1191
01:14:30,539 --> 01:14:35,219
100 years ago, though, schools were
around and nothing like they are today.
1192
01:14:35,449 --> 01:14:37,889
Unfortunately way too
much like they are today.
1193
01:14:37,949 --> 01:14:44,399
Jonathan Thomas: But wouldn't, won't
it be nice when we have, the agreement
to maximize people's talent instead of-
1194
01:14:44,489 --> 01:14:49,049
pigeonholing them into, you know,
a kid goes- to school and you're
1195
01:14:49,109 --> 01:14:52,759
assigned to this classroom, and
you're gonna sit there all day
1196
01:14:52,999 --> 01:14:53,324
Warren Whitlock: and learn.
1197
01:14:53,324 --> 01:14:58,664
and no kid left behind means that every
kid has to go at the slowest pace.
1198
01:14:58,954 --> 01:14:59,524
Jonathan Thomas: Correct.
1199
01:14:59,924 --> 01:15:00,264
Warren Whitlock: Yeah.
1200
01:15:00,284 --> 01:15:03,064
And it just, it doesn't
mathematically work out.
1201
01:15:03,064 --> 01:15:06,464
The logic in No Child Left
Behind just eludes me.
1202
01:15:06,714 --> 01:15:10,214
The idea of we wanna reach
every child is fantastic.
1203
01:15:11,014 --> 01:15:14,714
And, but we do that in all the
other programs that we have.
1204
01:15:14,774 --> 01:15:19,834
you know, that we have to be thinking
that, is a diverse group gonna
1205
01:15:19,844 --> 01:15:24,374
have problems with this in certain
areas in social economic things?
1206
01:15:24,824 --> 01:15:28,745
And yeah, there's race and
nationality and- Yeah, but that
diverse group might have some
1207
01:15:28,745 --> 01:15:30,635
Jonathan Thomas: talents
in another area that
1208
01:15:31,225 --> 01:15:31,285
Warren Whitlock: we can't
1209
01:15:31,285 --> 01:15:31,625
Jonathan Thomas: see.
1210
01:15:31,655 --> 01:15:34,915
Warren Whitlock: they're
neurodiverse, they're, demographically
1211
01:15:34,915 --> 01:15:37,645
diverse, and they're gonna have
experiences you don't have.
1212
01:15:37,845 --> 01:15:41,365
Tom Peters started preaching
this in the '90s like crazy.
1213
01:15:41,665 --> 01:15:47,985
You know, he wrote In Search of
Excellence, and it was the, you know, the
biggest business book ever in the '80s.
1214
01:15:48,195 --> 01:15:52,315
And we all started preaching that
we cared about excellence when
we wrote our mission statements.
1215
01:15:52,645 --> 01:15:57,855
That didn't mean that we were
doing much different but we got
excellence talk in at least.
1216
01:15:58,205 --> 01:16:01,275
And then he came out with some
other stuff, some real crazy stuff.
1217
01:16:01,595 --> 01:16:08,385
But this guy was big enough they did a
PBS special based on his work, and he
wrote a lot of other best-selling books.
1218
01:16:08,625 --> 01:16:13,425
And now he hangs around and, I
don't know, 10 years ago I c- I
connected with him on Twitter.
1219
01:16:13,595 --> 01:16:17,635
We've had a couple of exchanges, and
I love what he's, what he's doing now.
1220
01:16:17,685 --> 01:16:20,955
he took a bunch of his blogs
and put them in a book, and his
1221
01:16:20,975 --> 01:16:25,395
process for doing that is a more
interesting story than most I hear.
1222
01:16:25,775 --> 01:16:27,405
I won't bother sharing right now.
1223
01:16:27,405 --> 01:16:28,585
This is already too long.
1224
01:16:28,925 --> 01:16:32,845
But, the idea is he broke
all the conventions.
1225
01:16:33,085 --> 01:16:38,765
He made them, put like 24-point
type in the middle of a book
that was in 10 or 12 point.
1226
01:16:39,455 --> 01:16:41,885
So you're reading along the book
and suddenly there's a big word.
1227
01:16:42,135 --> 01:16:43,925
He wanted to make sure you notice.
1228
01:16:44,255 --> 01:16:50,945
He repeats himself and tells you he's
repeating himself, and then he repeats
himself all the time 'cause it works.
1229
01:16:51,575
--> 01:16:55,845
Any good comedian is gonna say
the same thing two or three times.
1230
01:16:56,887 --> 01:17:00,557
And the bet- the best of them are
not gonna make you think, "Hey, that
1231
01:17:00,557 --> 01:17:04,757
guy's using that trick." I think
I'm well trained to spot that trick.
1232
01:17:05,477 --> 01:17:08,427
A lot of times I'm watching the comic
and they're so good I don't care.
1233
01:17:10,327 --> 01:17:16,327
But, and a good, a lot of good
public speakers, politicians
always will repeat what they say.
1234
01:17:16,807 --> 01:17:18,587
But I think that's what it is.
1235
01:17:18,787 --> 01:17:27,137
If we get together, and I'm just thinking
you, me sitting on the beach, and,
drinking our, it'd be water for me.
1236
01:17:27,397 --> 01:17:30,967
you can have a Mai Tai, but
my, I drink nothing but water.
1237
01:17:31,387 --> 01:17:33,177
And, I've got my thermos there.
1238
01:17:33,817 --> 01:17:39,097
We're sitting and having a
conversation, enjoying the view,
and, we come up with an idea.
1239
01:17:39,117 --> 01:17:45,407
We're gonna do something, and we
pick up a phone and say, "Do this,"
and it goes and does it I was
1240
01:17:45,457 --> 01:17:49,467
consulting with a guy, actually we're
thinking of starting something up.
1241
01:17:49,467 --> 01:17:53,447
He says, "We really should do something
in, in all that blockchain stuff
1242
01:17:53,457 --> 01:17:57,777
you're doing." And this is maybe
2018, 2019, something like that.
1243
01:17:58,237 --> 01:18:03,517
And so, "Okay, fine. What are we
gonna do?" "Well, I come to Vegas on
a regular basis. We'll get together."
1244
01:18:03,757 --> 01:18:06,917
And then it became a daily phone
call, and we kept structuring things.
1245
01:18:06,917 --> 01:18:11,837
And I said, "Let's turn this into
a business and do this." And he'd
say, "I'm not ready yet." And after
1246
01:18:12,277 --> 01:18:15,707
a couple of months of that, he's
coming to Vegas in a couple of days.
1247
01:18:15,867 --> 01:18:16,967
I've set up to see him.
1248
01:18:16,987 --> 01:18:21,527
It's exciting, but we don't talk
every day anymore, and we don't
try to actually form the business.
1249
01:18:22,077 --> 01:18:29,467
But those conversations taught me so
much, and the one that I quote myself on
all the time, it is quoting me, he was
1250
01:18:29,467 --> 01:18:34,937
involved, but is, what are we going to do
in commercial real estate with blockchain?
1251
01:18:35,417 --> 01:18:38,807
He had a commercial real estate
background, talked about the programs.
1252
01:18:38,807 --> 01:18:46,457
he informed me that, somebody that owns
commercial real estate owns some There's
plenty of people that are big businesses
1253
01:18:46,717 --> 01:18:52,817
that only own four, five, six properties,
and their software is cobbled together
1254
01:18:52,817 --> 01:18:58,877
from what there was or maybe there's a few
vendors, but it's like project by project.
1255
01:18:59,267 --> 01:19:04,087
And maybe they own five projects
and three of them use one software,
the other two use two other ones.
1256
01:19:04,607 --> 01:19:07,377
And we said, "Well, I
don't wanna write software.
1257
01:19:07,377 --> 01:19:14,787
What else could we do?" Said, "Well, when
this is all-- If we eliminate what the
hassle of escrow is, that somebody can
1258
01:19:14,787 --> 01:19:22,547
decide to invest in a property, get all
of the information they need instantly
compiled, and then make that decision.
1259
01:19:22,957 --> 01:19:26,107
And maybe it includes some board
meetings and investors or whatnot.
1260
01:19:26,327 --> 01:19:31,097
It may take weeks, but it
doesn't need to take months or
years to close on a property."
1261
01:19:31,137 --> 01:19:31,457
Jonathan Thomas: Yeah.
1262
01:19:31,477 --> 01:19:36,107
There's a very well-known developer
out of Chicago that's doing, a lot of
1263
01:19:36,107 --> 01:19:42,857
work in Saudi Arabia using- blockchain
and crypto in commercial real estate.
1264
01:19:43,107 --> 01:19:47,017
Warren Whitlock: and allowing
investors to invest in the crypto
instead of They've got some
1265
01:19:47,017 --> 01:19:48,397
Jonathan Thomas: very clever ways of-
1266
01:19:48,467 --> 01:19:48,817
Warren Whitlock: Yeah
1267
01:19:48,897 --> 01:19:49,057
…
Jonathan Thomas: of
1268
01:19:49,057 --> 01:19:49,407
Warren Whitlock: doing things.
1269
01:19:49,407 --> 01:19:50,967
I meet those guys at the investor- it's
1270
01:19:50,967 --> 01:19:52,027
Jonathan Thomas: becoming huge.
1271
01:19:52,277 --> 01:19:52,607
Warren Whitlock: Yeah.
1272
01:19:52,667 --> 01:19:56,977
And again, this is an old conversation,
but what I came up with is I
1273
01:19:56,977 --> 01:20:00,647
want this to be, I can drive by,
point my camera at this place.
1274
01:20:00,847 --> 01:20:02,687
It knows which property it is.
1275
01:20:02,697 --> 01:20:05,197
It knows whether or not
it's available for sale.
1276
01:20:05,587 --> 01:20:10,857
And of course, with AI agents, should
be negotiated and comes up with, "Hey,
1277
01:20:10,947 --> 01:20:14,227
they'll agree to this price, and I
say you should agree to this price.
1278
01:20:14,497 --> 01:20:16,247
It's in the range of what we wanted.
1279
01:20:16,677 --> 01:20:21,153
then, you know, let's close it." And
what, here's the thing that hit me
1280
01:20:21,283 --> 01:20:23,613
Jonathan Thomas: Yeah, but how
long do you want it for, Warren?
1281
01:20:23,613 --> 01:20:28,213
Do you need it for the next five
years or the next five days?
1282
01:20:28,273 --> 01:20:29,893
Warren Whitlock: Yeah, or five hours.
1283
01:20:30,023 --> 01:20:31,193
Jonathan Thomas: Or five hours.
1284
01:20:31,273 --> 01:20:34,013
Warren Whitlock: and then we
looked at, Halloween stores and
1285
01:20:34,013 --> 01:20:37,813
Christmas stores, where they're
constantly looking for property.
1286
01:20:38,553 --> 01:20:47,823
and the fact was at the time, there'd
been a, Harley Davidson, restaurant on one
of the biggest, intersections, in Vegas.
1287
01:20:48,323 --> 01:20:53,813
they had opened it, apparently it
was doing well, it was there for
years, but across the street is the
1288
01:20:53,813 --> 01:20:59,853
city center, which is like five major
project, new roads, all sorts of stuff
1289
01:20:59,853 --> 01:21:04,323
that got built in the aughts, we'll
say, since I moved here 20 years ago.
1290
01:21:04,403 --> 01:21:09,563
when it opened, for some reason, the
way the traffic went or whatever, it
was hard to get in that restaurant.
1291
01:21:10,473 --> 01:21:15,363
I don't know what the problem
was, maybe bad management, and
they just, decided to close.
1292
01:21:15,743 --> 01:21:18,493
And it sat there looking like,
you couldn't tell it was Harley
1293
01:21:18,493 --> 01:21:21,813
Davidson at a glance anymore, but
the restaurant was still there.
1294
01:21:22,193 --> 01:21:31,053
And I'm going, "There's obviously a way
that somebody could open up something
there if they could get it open instantly
1295
01:21:31,523 --> 01:21:37,933
and take the traffic that's walking."
Maybe the vehicle traffic has changed, but
the walking traffic would be different.
1296
01:21:38,163 --> 01:21:40,803
So it may need to be a different
mix of food or whatever.
1297
01:21:41,363 --> 01:21:43,463
Well, how long would it take
to get that building ready?
1298
01:21:43,553 --> 01:21:45,683
definitely months, not years.
1299
01:21:46,143 --> 01:21:52,893
But if you try to go to the county and get
something approved for a different kind of
use, who knows how long that could take.
1300
01:21:53,163 --> 01:21:58,413
Environmental studies, whatever, property
that's there, it's zoned for a casino.
1301
01:21:59,355 --> 01:22:04,205
So you could open up a restaurant
and run it for six years, and then
somebody's gonna build a casino.
1302
01:22:04,205 --> 01:22:05,045
I'm trying to think.
1303
01:22:05,715 --> 01:22:11,215
I think the lot's the last time I paid
attention, the lot was still empty, and
I've been watching this for, like, 10
1304
01:22:11,225 --> 01:22:18,095
years and, you know, walking past it at
times because they have the bridges that
go over the Strip and things like that.
1305
01:22:18,425 --> 01:22:19,895
It's in that system.
1306
01:22:20,045 --> 01:22:21,105
You can get to it.
1307
01:22:21,585 --> 01:22:24,815
and, they, just hasn't been able
to get the right kind of property.
1308
01:22:25,035 --> 01:22:28,745
What I'm saying is if I can make a
deal, take over your property maybe
1309
01:22:28,745 --> 01:22:32,875
on, maybe on a lease, maybe a purchase,
the money is a different thing.
1310
01:22:33,315 --> 01:22:39,665
Casinos teach you a lot about how
to do commercial real estate 'cause,
we have casinos where the casino
1311
01:22:39,725 --> 01:22:43,275
group, the name that owns them, has
nothing to do with what's running it.
1312
01:22:43,535 --> 01:22:47,225
A big casino, every one
of those properties is
different corporations, right?
1313
01:22:47,675 --> 01:22:51,345
And they're leasing space from
another corporation, and then
1314
01:22:51,345 --> 01:22:54,885
another corporation owns the
land, but they're part of a group.
1315
01:22:55,265 --> 01:23:00,215
So you make a deal and get into
the nine largest casinos at
the same time, MGM or Caesars.
1316
01:23:00,675 --> 01:23:05,665
And, you know, it boggles
the mind to think how anybody
thinks that's one system.
1317
01:23:06,225 --> 01:23:10,575
It's just, you know, it's a lot of parts
distributed and still working together.
1318
01:23:11,245 --> 01:23:13,745
but they take forever to make a decision.
1319
01:23:14,145 --> 01:23:24,055
it includes Caesars going bankrupt, and
the bankruptcy were two billionaires
fighting over who got to split up part
1320
01:23:24,055 --> 01:23:29,373
of a $15 billion acquisition And both
of them could afford to lose a billion
1321
01:23:29,373 --> 01:23:33,003
dollars you know, 'cause they wanna make
other one hurt so they could get what…
1322
01:23:33,193 --> 01:23:38,873
They finally settled on something,
and meanwhile, the public didn't
know anything was going on.
1323
01:23:39,493 --> 01:23:43,053
And so I got that thinking and I
used the empty spaces thinking.
1324
01:23:43,453 --> 01:23:48,483
And at that property where we
were sitting talking about it,
we were, out in the suburbs.
1325
01:23:48,493 --> 01:23:50,183
It was at an Einstein Bagel.
1326
01:23:50,743 --> 01:23:53,263
And I'm going like, I have
some experience in this.
1327
01:23:53,413 --> 01:23:58,923
I've rented a commercial property
before, converted some, and watched a
lot of it being done." You know, and my
1328
01:23:58,933 --> 01:24:03,973
general knowledge as a human being says
that, well, yeah, this Einstein Bagels,
1329
01:24:04,153 --> 01:24:08,153
all the fixtures and the seating and
everything's owned by Einstein Bagels.
1330
01:24:08,793 --> 01:24:12,203
They take it out, though, they're
still, the walls are in the right place.
1331
01:24:12,413 --> 01:24:16,103
The kitchen is where it is, regardless
of what equipment's in the kitchen.
1332
01:24:16,453 --> 01:24:20,703
I would imagine there's more baking in
an Einstein Bagels than a sandwich shop.
1333
01:24:21,023 --> 01:24:22,823
But, the sandwich shop is next door.
1334
01:24:23,093 --> 01:24:29,173
at any rate, all these buildings
were, a U-shape, and so it's L
when you got two coming together.
1335
01:24:29,383 --> 01:24:35,203
But it was designed to have an
office building behind it, which
wasn't thriving at the time.
1336
01:24:35,843 --> 01:24:44,203
And it left a pad with rebar coming out
of the ground in two places where the
buildings were supposed to come together.
1337
01:24:44,583 --> 01:24:48,543
Today, nothing's been built there,
but it's fenced off and safe.
1338
01:24:49,323 --> 01:24:53,983
But at the time, somebody deciding
whether or not what had to be done
1339
01:24:53,983 --> 01:24:57,503
with those lots could keep that
property from closing for years.
1340
01:24:57,973 -->
01:24:59,003
It wasn't for sale.
1341
01:24:59,003 --> 01:24:59,883
I'm making it up.
1342
01:25:00,313 --> 01:25:03,343
But then my friend explained
to me the key thing.
1343
01:25:04,093 --> 01:25:09,913
it can mean cutting down the time
to get a property closed means they
can go work on another property.
1344
01:25:10,353 --> 01:25:14,473
So somebody might go from six
transactions a year to seven.
1345
01:25:15,153 --> 01:25:16,853
How much is that worth to a company?
1346
01:25:18,603 --> 01:25:20,883
And we went on to many other things.
1347
01:25:20,883 --> 01:25:22,443
Like I say, we never started a company.
1348
01:25:22,473 --> 01:25:31,583
But, I look at everything as being
distributed has gotta be better, and
we've gotta have every phone, every
1349
01:25:31,583 --> 01:25:38,523
building has to have some kinda history
stored on it and what there is, and
this idea of having to go to the county
1350
01:25:38,523 --> 01:25:41,683
and look up the plans and try to figure
out what somebody did 30 years ago.
1351
01:25:41,873 --> 01:25:43,093
No, that complete history.
1352
01:25:43,553 --> 01:25:47,613
You know, it used to be a big problem,
and then we got escrows where all the
1353
01:25:47,623 --> 01:25:51,723
documents were saved, the deed of trust,
whatever happened and gets recorded.
1354
01:25:52,033 --> 01:25:56,693
I'm glad that they still have
some systems in place, you know,
resolve lawsuits or whatever.
1355
01:25:57,073 --> 01:26:02,873
But for the most part, if I'm buying
a house, I should be able to know
the complete history of that house.
1356
01:26:03,513 --> 01:26:07,983
Well, I live in a city where
there was nothing here 50 years
1357
01:26:07,983 --> 01:26:12,103
ago . So every building has
modern, chain of title like that.
1358
01:26:12,703 --> 01:26:17,723
And I think when we're able
to do that, shouldn't we have
a chain of title on our life?
1359
01:26:18,563 --> 01:26:18,983
You know?
1360
01:26:19,093 --> 01:26:25,033
They asked me, were you hospitalized
before?" And before the bout on my
back a couple years ago, it'd been
1361
01:26:25,033 --> 01:26:31,183
my whole life, but I couldn't say
that because I was in the hospital
overnight for a hernia when I was two.
1362
01:26:32,673 --> 01:26:32,983
Jonathan Thomas: Wow.
1363
01:26:33,423 --> 01:26:35,613
Warren Whitlock: And I have
to say I was in the hospital.
1364
01:26:35,813 --> 01:26:36,573
Does it matter?
1365
01:26:36,973 --> 01:26:38,663
No, not to anybody but me.
1366
01:26:39,983 --> 01:26:42,893
But I can't say I wasn't,
I'd never been hospitalized.
1367
01:26:43,603 --> 01:26:47,883
I was 67 and I said, "I haven't
been hospitalized in the last 65
1368
01:26:47,883 --> 01:26:51,493
years." "Oh, okay, then it doesn't
matter." But that's the structure.
1369
01:26:51,763 --> 01:26:52,033
You know?
1370
01:26:52,033 --> 01:26:57,553
It still matters that I have nine
toes instead of 10 to me, maybe
1371
01:26:57,553 --> 01:27:01,163
to a doctor, but he doesn't need
to take off my shoe to see that.
1372
01:27:01,163 --> 01:27:05,283
That should be in the records,
and it should be my records
that I'm carrying around.
1373
01:27:05,653 --> 01:27:11,983
So w- a movement that I would put with
what you're doing is the idea that all
this data belongs to the individual.
1374
01:27:12,353 --> 01:27:21,543
If it's sovereign data kept by me, now
my negotiating with you is how much, how
much money can you make getting me to
1375
01:27:21,543 --> 01:27:29,473
the right kind of services connection
through your agents to where whether
or not I, you know, of course I'll
1376
01:27:29,473 --> 01:27:35,963
get the app, and whether or not we're
going to, make money back and forth
over using the app doesn't matter.
1377
01:27:36,493 --> 01:27:41,643
it's a matter that we can then
collectively work together due to
something that hasn't been invented yet.
1378
01:27:42,263 --> 01:27:43,063
And so-
1379
01:27:43,593 --> 01:27:45,983
Jonathan Thomas: Well, as an
example, you, said you're a diabetic.
1380
01:27:45,993 --> 01:27:47,603
You wear a CGM device.
1381
01:27:47,603 --> 01:27:55,853
You could actually help train the
AI by uploading a facial scan-
tagging your glucose measurement.
1382
01:27:57,163 --> 01:27:59,723
The AI is gonna learn more about you.
1383
01:27:59,753 --> 01:28:02,933
Now, you should be able
to get rewarded for that.
1384
01:28:03,183 --> 01:28:03,723
Warren Whitlock: And I look
1385
01:28:03,843 --> 01:28:07,943
Jonathan Thomas: at like- Down the,
down the line, as, as revenue comes
1386
01:28:07,943 --> 01:28:13,533
in from licensing the service or
however we choose to monetize it-
1387
01:28:13,973 --> 01:28:14,413
Warren Whitlock: Right
1388
01:28:14,483 --> 01:28:20,243
…
Jonathan Thomas: by using these
crypto technologies, we'd be able
to track that in the blockchain-
1389
01:28:20,253 --> 01:28:22,123
that's indelibly etched.
1390
01:28:22,353 --> 01:28:25,513
And you can prove that you own
your data, and it just is seamless.
1391
01:28:25,553 --> 01:28:25,983
Warren Whitlock: Right.
1392
01:28:26,113 --> 01:28:30,873
the way I explain it to people is I walk
into a doctor's office and I remember
1393
01:28:31,183 --> 01:28:35,443
that there was some getting a credit file
on me 'cause they were opening credit.
1394
01:28:35,443 --> 01:28:39,363
Now it's all done by, you know, dental
credit card or something like that.
1395
01:28:39,643 --> 01:28:43,423
So if you're gonna take time, so,
you know, go in and get $10,000
1396
01:28:43,473 --> 01:28:46,593
worth of work done, we don't have
to think about how we budget for it.
1397
01:28:46,923 --> 01:28:51,633
It's zero interest, it's several
months, and we can go ahead
and have the procedure done.
1398
01:28:52,193 --> 01:28:56,463
and they're a weird credit card company
to deal with, but, you know, it's…
1399
01:28:58,033 --> 01:29:04,293
Like, they're always reporting me
as using most of my credit, which
changed the usage score on FICO.
1400
01:29:04,553 --> 01:29:07,123
And, yeah, so weird stuff like that.
1401
01:29:07,403 --> 01:29:11,963
But it's better than the old thing,
which was they wanted my credit report,
1402
01:29:12,363 --> 01:29:16,383
and then they were gonna stick the nine
pages, back when I had a short one.
1403
01:29:16,943 --> 01:29:20,013
They stick nine pages of credit
report into a manila folder.
1404
01:29:20,853 --> 01:29:22,383
It's got my Social Security number.
1405
01:29:22,383 --> 01:29:23,473
It's got all my credit.
1406
01:29:23,723 --> 01:29:24,923
It's got home addresses.
1407
01:29:25,283 --> 01:29:27,723
It's got everything that
you need to steal identity.
1408
01:29:28,363 --> 01:29:30,123
I don't wanna share that kind of stuff.
1409
01:29:30,773 --> 01:29:35,723
if you're my doctor, you need to know
that whether or not I'm gonna pay my bill.
1410
01:29:36,223 --> 01:29:39,853
So getting the right insurance
or the right, you know, billing,
1411
01:29:40,103 --> 01:29:42,833
is this person gonna rip me off,
is something they need to know.
1412
01:29:42,833 --> 01:29:48,103
But I'll tell you, every time I have a
problem, the dentist right now, I have
a problem where there's a collection
1413
01:29:48,103 --> 01:29:55,327
agency trying to get $700 from me,
and I go like wait a minute, I didn't
see the dentist all of last year.
1414
01:29:56,117 --> 01:30:02,977
Right … everything I did at the,
in January of last year used up my
insurance for the year, and I go, "That's
1415
01:30:02,997 --> 01:30:07,547
fine. I'll go take another look next
year." and so how did I get this bill?
1416
01:30:07,707 --> 01:30:08,327
So I call.
1417
01:30:08,357 --> 01:30:09,087
They don't know.
1418
01:30:09,667 --> 01:30:15,747
I go online to their site, I put in
several messages, and then suddenly
I'm hearing from a collection agency.
1419
01:30:16,327 --> 01:30:20,037
And guess why I haven't seen the
dentist since January of last year.
1420
01:30:20,497 --> 01:30:21,777
I don't wanna deal with this.
1421
01:30:21,777 --> 01:30:26,337
I don't wanna go stand there, have
them figure it out, fight with them
over whether or not I owe them.
1422
01:30:26,667 --> 01:30:33,867
And I'm thinking ultimately paying them
is easier than the torture it is on my
brain, and it shouldn't be that way.
1423
01:30:34,447 --> 01:30:39,667
It should be like everything is
done neat and tidy and we move on.
1424
01:30:40,137 --> 01:30:40,847
Jonathan Thomas: Exactly.
1425
01:30:41,197 --> 01:30:42,167
Warren Whitlock: and, yeah,
1426
01:30:42,167 --> 01:30:48,867
Jonathan Thomas: So how, how do we wrap
this up neat and tidy and, and- Yeah
… still stick together and, move forward?
1427
01:30:48,877 --> 01:30:50,657
You can share with your group.
1428
01:30:50,667 --> 01:30:51,867
I'll share with my group and-
1429
01:30:51,917 --> 01:30:56,757
Warren Whitlock: definitely we're
gonna do that, and we're gonna talk
again, so I'm gonna get the thing.
1430
01:30:56,767 --> 01:30:57,917
So, who knows?
1431
01:30:58,437 --> 01:31:00,637
maybe you need some
connections that I have.
1432
01:31:00,637 --> 01:31:00,977
Excellent.
1433
01:31:00,977 --> 01:31:04,807
So we can get into a separate call on
whether or not, there's anything that,
1434
01:31:04,867 --> 01:31:10,447
you need, but let's wind up and, probably
unedited put this whole thing up.
1435
01:31:10,767 --> 01:31:14,367
somebody listening to the whole
thing I'm not gonna count on.
1436
01:31:14,617 --> 01:31:20,787
But if they listen to the first five
minutes… But for the rest of the
world, we got, you know, way off
1437
01:31:20,787 --> 01:31:23,457
topic, and we're lucky if we're gonna
get them to listen for 10 minutes.
1438
01:31:23,817 --> 01:31:24,997
But, that's okay.
1439
01:31:25,117 --> 01:31:30,817
They're gonna find out about
your company, and you and me, and
s- I hope it's gonna help them.
1440
01:31:30,817 --> 01:31:30,967
Maybe they'll
1441
01:31:30,967 --> 01:31:32,607
Jonathan Thomas: come
away with some new idea
1442
01:31:32,657 --> 01:31:33,347
Warren Whitlock: changes-
1443
01:31:33,407 --> 01:31:33,937
Jonathan Thomas: changes the
1444
01:31:33,987 --> 01:31:40,067
Warren Whitlock: And I'm gonna start using
your stuff and, we'll talk about how we
might extend that, what else we could do.
1445
01:31:40,797 --> 01:31:41,007
Perfect.
1446
01:31:41,067 --> 01:31:44,677
and maybe I should,
share some data publicly.
1447
01:31:44,877 --> 01:31:48,677
I don't think my face recognition
data, it'd be helpful.
1448
01:31:49,077 --> 01:31:51,137
And, it's a little creepy
to think about that.
1449
01:31:51,137 --> 01:31:56,767
But the fact that I'm doing it every
day, and what it told me about,
I'm gonna share that publicly too.
1450
01:31:57,377 --> 01:31:58,877
So that might be something.
1451
01:31:58,877 --> 01:32:04,007
And, again, as you're growing
and trying to acquire market,
I have lots of resources.
1452
01:32:04,467 --> 01:32:06,957
Excellent … how many people
are using this right now?
1453
01:32:07,367 --> 01:32:08,027
Jonathan Thomas: Quite a few.
1454
01:32:08,657 --> 01:32:08,967
Warren Whitlock: Okay.
1455
01:32:09,067 --> 01:32:09,307
Good.
1456
01:32:09,727 --> 01:32:11,497
And it is available and out?
1457
01:32:12,287 --> 01:32:13,437
Jonathan Thomas: it is available, yeah.
1458
01:32:13,527 --> 01:32:13,982
we're- It's not
1459
01:32:13,982 --> 01:32:14,117
Warren Whitlock: beta … we're
1460
01:32:14,117 --> 01:32:17,337
Jonathan Thomas: releasing a new
version in the next three weeks or so,
1461
01:32:17,347 --> 01:32:17,817
Warren Whitlock: Great.
1462
01:32:18,897 --> 01:32:21,657
I will sign up today, and
we'll get going on that.
1463
01:32:22,027 --> 01:32:22,587
Jonathan Thomas: Perfect.
1464
01:32:23,257 --> 01:32:23,667
Warren Whitlock: Great.
1465
01:32:24,047 --> 01:32:27,457
again, let's get your
website and how to find you.
1466
01:32:27,847 --> 01:32:29,127
I know you're JT now.
1467
01:32:30,687 --> 01:32:33,237
Jonathan Thomas: Website is algomash.com.
1468
01:32:33,467 --> 01:32:34,027
Warren Whitlock: Okay.
1469
01:32:34,027 --> 01:32:35,377
A-L-G-O- A-L-G-O
1470
01:32:35,407 --> 01:32:37,327
…
Jonathan Thomas: M-A-S-H.com.
1471
01:32:37,407 --> 01:32:37,747
Warren Whitlock: Okay.
1472
01:32:37,797 --> 01:32:39,227
AlgoMash, easy enough.
1473
01:32:39,597 --> 01:32:42,237
I'll make sure that gets in
show notes and tweets and stuff.
1474
01:32:42,607 --> 01:32:42,817
Jonathan Thomas: Perfect.
1475
01:32:42,827 --> 01:32:44,667
Warren Whitlock: And, we'll
let people know about it.
1476
01:32:44,707 --> 01:32:48,087
And if they need to
contact you, you wanna-
1477
01:32:49,547 --> 01:32:51,227
Jonathan Thomas: JT@algomash.com
1478
01:32:51,427 --> 01:32:52,197
Warren Whitlock: Okay, great.
1479
01:32:52,517 --> 01:32:52,577
Simple.
1480
01:32:52,577 --> 01:32:54,167
His email's out in the open.
1481
01:32:54,407 --> 01:32:58,117
So much for privacy, less
flooding with good wishers.
1482
01:32:58,867 --> 01:32:59,107
Excellent.
1483
01:32:59,107 --> 01:33:00,017
Only positive stuff.
1484
01:33:00,857 --> 01:33:01,527
Jonathan Thomas: Okay.
1485
01:33:01,777 --> 01:33:05,007
Warren Whitlock: We want those to come
on in, 'cause there'll be some point.
1486
01:33:05,157 --> 01:33:10,937
It may not be AlgoMash, but at some
point, JT's gonna come out with
something that he's gonna let us
1487
01:33:10,937 --> 01:33:14,617
invest a few million dollars, turn
that into a few billion dollars.
1488
01:33:15,437 --> 01:33:17,367
This is not investment advice.
1489
01:33:17,497 --> 01:33:21,497
You've heard my story enough to know I'm
not the guy to give investment advice.
1490
01:33:21,517 --> 01:33:22,387
Jonathan Thomas: Nor am I.
1491
01:33:22,817 --> 01:33:27,677
Warren Whitlock: I can tell you
all sorts of things about where the
technology's going and what kind of
1492
01:33:27,677 --> 01:33:32,907
things I'm looking to invest, mostly
my time, and where I'm gonna spend.
1493
01:33:32,907 --> 01:33:39,107
I have limited time, only another
80 years on this planet, and,
I wanna use that time well.
1494
01:33:39,337 --> 01:33:43,727
And every project I look at is
something where, how can this go 100X?
1495
01:33:44,517 --> 01:33:44,717
Jonathan Thomas: Exactly.
1496
01:33:44,787 --> 01:33:48,367
Warren Whitlock: and boy, we could talk
for hours about all those kind of thing.
1497
01:33:48,957 --> 01:33:50,727
Thanks for enduring a few stories.
1498
01:33:50,977 --> 01:33:54,567
And, now they're getting fed
into my AI, so they may reappear.
1499
01:33:54,627 --> 01:33:57,007
Jonathan Thomas: Thank you, Warren,
for having me on as a guest.
1500
01:33:57,007 --> 01:33:58,037
I really appreciate it.
1501
01:33:58,087 --> 01:33:58,527
Warren Whitlock: Great.
1502
01:33:58,657 --> 01:33:59,747
Let's wrap up there.
1503
01:34:00,157 --> 01:34:00,787
Jonathan Thomas: Okay.
1504
01:34:01,437 --> 01:34:02,217
Cheers, mate.