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Today is September 13th, 2024.

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We will begin in a few moments.

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We'll give people time to get into the room.

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Alrighty, we'll get started with those who are here and hopefully others will join in shortly.

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Maybe everybody's been trained by Khal on Threadcast.

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We know Khal time when he says Threadcast starts or, excuse me, a space that starts at 1 o'clock, he usually means 1.30.

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But anyway, what do we have going on today?

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A few different things.

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A lot of it's been going to be an extension of what I talked about in the past.

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But the first thing I thought I'd do is I'd give my impression.

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I'd give my impressions of HiveFest and go through that and just let you know where I stand on that.

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There were a few things that stood out to me and that's about it.

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And really, there was not much to me that was a major revelation.

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I will start off by saying, let me find the thread.

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Where is it?

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SimpleGame said, always a joy to listen to.

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Well, thank you very much.

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And Token Eyes can't listen because he's in Brazil and a judge band X in Brazil.

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SimpleGame, HiveFest is a big thing going on, but instead we had a company retreat.

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Lots of good things.

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What was that company retreat?

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Did you smoke pot and meditate?

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Take some psychedelics?

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What did you do?

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Run naked through the woods?

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What kind of retreat?

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What kind of retreat is that?

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Anyway, maybe that'll tell us what type of company it works for.

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Where can I listen to the HiveFest presentations?

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I gave you the link, Lisa, to YouTube.

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There's a HiveFest YouTube channel.

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Where'd that go?

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Oh, Mike Possibly.

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Here we go.

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Mike Possibly said, I was really impressed by the presentation of that TechCoderX during HiveFest.

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Is that Aloha?

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Aloha or Aioha, Aioha SolutionAve developed.

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I hadn't even realized that developers had to implement each authentication method separately

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throughout their applications, Keychain, HiveSigner, HiveAuth.

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Aioha bundles them all neatly together, but code-wise, both code-wise and from the perspective

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of the end user, hopefully to see this widely adopted.

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Okay.

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I...

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That...

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That kind of puts me in a coma.

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So that's why I wanted to start off with what Mike Possibly said.

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He has a little better understanding of this.

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And that's good.

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Technical stuff is good, wonderful, it's very important, infrastructure, backend stuff.

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And it's not sexy, to be honest with you.

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So that's a positive.

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I really didn't pay a lot of attention to that.

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What I did pay attention to first off was Blocktrades.

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And Blocktrades, right off the start, they talked about, they had a bunch of high core

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developers, Blocktrades, how we were up there, a few other people were up there and block

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trade said something very important in my opinion.

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And this fits in a larger context that he's talked about for years.

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We had him on Cryptomaniacs a couple of times and he talked about this.

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And he talked about this.

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And he talked about this.

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And he talked about this.

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And he said, when the fork with from Steam to Hive took place, they knew they had a lot

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of things to deal with to scale.

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And they've been working on them and they know the pathway.

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They know exactly what needs to be done.

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It's just a matter of getting to it.

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And it entails a lot of code, a lot of what was done with half, which is like two or three

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years in the making.

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That has to do with scalability.

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And, you know...

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And, you know, having the apps interact with half as opposed to having to interact and

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integrate directly with the blockchain itself.

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And the idea is to scale up and to be able to easily handle millions and millions and

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millions of users.

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And I'll have comment on that in a little bit.

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And I think that is a very important issue because later he was on a panel and they were

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asking people about decentralization.

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The panel was talking about decentralization.

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And one of the things he said, he said there's two things in his view that lead to this.

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Number one is open source, which Hive base code is open source.

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So we check that box.

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And he said this, the second thing is, and he structured it from an affordability standpoint,

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that the ability to operate nodes is based upon the ability to pay for.

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And that makes sense.

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Yeah.

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So the problem is with running a full node is it gets very expensive because as the database

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gets larger.

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And one of the things that's going live in the next hard fork, which I don't know when

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that's set to take place, it's sometime soon, but they are, I don't know if you want to

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call them light nodes, but basically what you're looking at is you're looking at the

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ability to run nodes.

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Where you don't have to have the, you don't have to run the full database.

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You can, for example, just say, give me the last million blocks or give me the last hundred

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thousand blocks, because maybe you're an application and you want to run a node, but you're not

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really worried about all that other stuff.

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You know, you don't have to go back to the Genesis block.

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Now, obviously there are nodes that have to run this.

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But.

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Also then could have run nodes that are operating that are validating blocks.

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They are adding to the blockchain.

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So every new block that's processed, they are adding, they just are not archiving all

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of that older stuff, especially with half providing the opportunity for developers to

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tap into and pull all the database info that they want, or all the info that for the databases

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they're setting up.

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Yeah.

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And then they pull that from half, which reads presumably from the full nodes.

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So I thought that was a very interesting point at, at the base layer.

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They also mentioned light accounts, which there's a bunch of different projects working

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on light accounts and the core development team, which it's funny core development team,

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but they're doing it on a layer two, which ultimately they may, if it works at layer

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two, they've said they may incorporate it to base layer, but a lot of this stuff in

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the future.

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They're doing it on a layer two and keep that base layer very tight.

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So that's, that's the first thing that stood out.

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The second thing that stood out to me was Khal.

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Now Khal kind of joked when you, if you listen to his presentation said, well, I know it

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looks like I, I created this on my Uber ride over and it's not too far off.

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So Khal's presentation wasn't all that impressive to me.

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Maybe it's just because I knew most of the stuff.

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And so I'm fine with that.

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Again.

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There was nothing really new that any of us who are on the weekly AMAs don't know.

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But I think the most important thing is he did mention LeoAI and anybody who follows

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my stuff and my threads, this is where I think we have to focus attention.

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And he did say by the end of the year, we'll have it.

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Only one that I saw who ever mentioned anything about AI, which that ought to tell you something.

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The other two that stood out again, I know most of this stuff and none of this was a

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revelation VSC had a great presentation.

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We had Vaultec few weeks ago on the lion's dead Vaultec was also on chain chatter with

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tech Khal.

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So Vaultec's been around Vaultec's been posting stuff and the, and the VSC team's

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been posting stuff.

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So they really are doing a great job.

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I think it's a great addition to the Hive ecosystem.

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He answered a number of questions and presented a bunch of stuff.

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Again.

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Again, none of it that I really found earth shattering because in my conversations with

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them and what I've read and, and just listening to him, he's talked about this before.

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We're just starting to see it come to fruition and the ability to interact with VSC via an

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Ethereum account.

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That's a good thing.

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Dice edition, the demo that they gave or he gave at, or they gave at the, when they did

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the presentation was integration into Hive chap cash app, excuse me, and buying Hive with

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your cash app.

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That's a very good move.

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I think it's only one way.

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I think you can only buy now.

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I don't think you can sell.

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And that goes through using Bitcoin because cash app, I guess, uses Bitcoin tied to the

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lightning network.

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So you're not paying true Bitcoin fees.

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So that's another.

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Um, that's another.

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On ramp, I guess you could say, or potential on ramp, at least from the token standpoint,

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that is important.

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And I, I think one of the focuses of a lot of these teams, and I think it's a valid focus

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deals with the liquidity of Hive and being able to get Hive either from a, I want to

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be a user standpoint.

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I want to be an owner standpoint, or I just want to invest in the damn thing.

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Okay.

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I want to trade the damn thing.

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I think Hive is undervalued and I think Hive will go from 17 cents to 25 cents.

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I want to make a trade.

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Well, how do you get it?

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I mean, if you're in the United States, I mean, Binance is really the only game in town

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other than, you know, the Koreans and you know, if you're not using Binance, it's a

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nightmare.

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So I, I think that's a focus and I think some of these tentacles are starting to work out

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well.

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The, the final presentation I want to highlight is Starker and Starkerz again, I don't think

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he really mentioned anything that was new to those who are paying attention and following

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what the speak networks do and what they're doing, what Starkerz doing.

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And TheyCallMeDan with some of their projects but it was good to, for him to lay out the

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three or four projects that they have going evidently there's an update coming in the

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next month or two to 3Speak itself, which has not been the primary focus.

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In fact, he made a joke that Vaultec started helping out with SPK Network and, and actually

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3Speak itself and, you know, kind of started going down the rabbit hole and then

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decided to build VSC.

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So you have that, you have the SPK Network they also have their payment app for HBD,

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which is allowing businesses to accept HBD.

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And they've developed an app which allows people to pay with HBD and then automatically

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take pictures of their transactions and they get upvotes and that type of thing.

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So I thought those were the presentations that stood out to me.

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There were other ones and quite frankly, to me, I don't think they did a whole lot.

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I don't think they offer a whole lot.

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I didn't see

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the, a lot of value in them, you know, who is really building for the future and what

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is being built in terms of applications that are, is providing utility.

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And what I just mentioned of, of the Leo, the V, the VSC, and then obviously some of

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what Starkerz and Dan and, and them are.

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Okay.

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And this is a, I think there's a lot of, a lot of good applications involved with some

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of that has utility.

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So many other stuff.

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I mean, it might be neat, but what's it going to do?

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Obviously you had Ecency.

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I don't use Ecency.

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I don't pay a whole lot of attention to Ecency.

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So it's an application that unfortunately with Ecency, my view is they're trying to build

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the front end and not develop a digital platform.

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And, and I think that's, that's what we need.

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need is we need more digital platforms on Hive, not so much just front end.

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Fish is going a little chemistry on us.

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You know, maybe he's been playing with Strawberry, OpenAI's latest release, because he says there's

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always lye, L-Y-E, sodium hydroxide if you need some liquidity.

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Turns any organic tissue into liquid, guaranteed.

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So there is chemistry with fish.

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Ben, isn't BlockTrades provide a page for bridging between ETH and others to Hive?

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BlockTrades closed down their swapping service, I think, early this year, late last year.

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So that's been gone.

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But you will have that through VSC.

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And one of the things Vaultec did say is he is creating a, they are working on a front

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end or spending a lot of time with front end development.

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So you can go to the front end and use VSC easily.

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Sunseeker, why were all the seats under the sun?

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Didn't they learn from Mexico?

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That people don't like to be under the sun for hours.

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It looks terrible on camera when there is nobody in the seats, but then we get their

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point of view and there are people in there just looking from the shade.

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You're absolutely correct.

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I would agree with you a thousand percent.

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A, I would say people don't learn.

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And B, people don't step back and think about how things look.

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I mean, this is why I think a lot of what we've struggled with as an ecosystem, if you

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will, you have people trying to make decisions on this stuff and they don't even understand

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the most basic part of marketing.

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I mean, if you go to most presentations, like you go to these seminar presentations and

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all this stuff, it's always a full house from the camera angle.

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Why?

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Because if there, even if there's only three rows of people and there's 30 rows, they'll

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close off all 27 and push everybody to the front.

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Okay.

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Okay.

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Okay.

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Okay.

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Okay.

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Okay.

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Okay.

239
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Okay.

240
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Okay.

241
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Okay.

242
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Okay.

243
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Okay.

244
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Okay.

245
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Okay.

246
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Okay.

247
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Okay.

248
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Okay.

249
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Okay.

250
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Okay.

251
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Okay.

252
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Okay.

253
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Okay.

254
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Okay.

255
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Okay.

256
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Okay.

257
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Okay.

258
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Okay.

259
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Okay.

260
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Okay.

261
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Okay.

262
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Okay.

263
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Okay.

264
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Okay.

265
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Okay.

266
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Okay.

267
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Okay.

268
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Okay.

269
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Okay.

270
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Okay.

271
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Okay.

272
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Okay.

273
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Okay.

274
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Okay.

275
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Okay.

276
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Okay.

277
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Okay.

278
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Okay.

279
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Okay.

280
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Okay.

281
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Okay.

282
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Okay.

283
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Okay.

284
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Okay.

285
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Okay.

286
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Okay.

287
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Okay.

288
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Okay.

289
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Okay.

290
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Why do they do that stuff?

291
00:16:17,840 --> 00:16:24,340
You know, put some type of canopy over the top or something is what I would do.

292
00:16:25,300 --> 00:16:29,400
Winanda, we'll take the questions and we'll get on to the other piece of business here.

293
00:16:29,700 --> 00:16:36,480
Do you think the creator subscription on InLeo will drive away some lines or will encourage them to create exclusive content for their audience?

294
00:16:36,600 --> 00:16:38,560
I don't see why it would drive away anybody.

295
00:16:40,700 --> 00:16:43,300
I mean, it's how is it going to drive people away?

296
00:16:43,300 --> 00:16:47,220
I mean, people can still interact with all the stuff that's here now.

297
00:16:47,320 --> 00:16:48,680
It just adds another layer.

298
00:16:49,720 --> 00:16:52,880
Quite frankly, I don't think many people will do it.

299
00:16:53,220 --> 00:16:56,640
I don't see many people doing a whole lot on Leo anyway.

300
00:16:57,460 --> 00:17:02,560
So people are trying to bilk a few rewards and that's it and scalp a few rewards.

301
00:17:04,420 --> 00:17:12,320
So I don't think there's enough people with the business mindset to really utilize the subscription service.

302
00:17:12,320 --> 00:17:12,820
Now.

303
00:17:13,300 --> 00:17:33,600
What I could see the subscription service doing is, and this will be dependent on how it's structured, certain content that may not be on Leo now could then be on Leo because it doesn't, it's not visible.

304
00:17:34,260 --> 00:17:40,960
So, you know, Khal's always joked about the only fans or only Leo.

305
00:17:40,960 --> 00:17:43,280
Well, that type of content.

306
00:17:43,300 --> 00:17:52,100
You could put behind the subscription wall and even if there is no feature that way, it's not basic.

307
00:17:52,100 --> 00:17:54,800
It's not just on all the feeds.

308
00:17:55,860 --> 00:18:03,740
So now any information, any threads, any posts, any images, anything posted of that nature could be in there.

309
00:18:03,740 --> 00:18:13,100
So it would be a way to to incorporate that without.

310
00:18:13,100 --> 00:18:21,500
It just, you know, the main feed or without people's own for you feed being filled up with with stuff they don't like in that regard.

311
00:18:22,760 --> 00:18:31,660
Another thing it could be done is somebody could use the subscription feed to segment their content.

312
00:18:32,660 --> 00:18:38,180
So, for example, if you use threads and if you use

313
00:18:40,240 --> 00:18:43,060
You know your blog posts and and stuff like that, just

314
00:18:43,500 --> 00:18:57,200
For whatever moves you so you'll write threads about the ballgame last night, you'll write threads about, you know, what Bradley arrow said you'll comment on, you know, the price of Bitcoin, you'll do a post about

315
00:18:57,960 --> 00:19:11,660
You know, cooking you'll do then next day you'll do a post about something else and and you're just all over the place. You're just putting up information as you're moved whatever interests you you're commenting on what you see you do post about what you see. Wonderful.

316
00:19:12,260 --> 00:19:12,960
But then

317
00:19:13,340 --> 00:19:21,920
You have something very specific and we kind of use Threadcast to a degree for this but Threadcast obviously are open in a hodgepodge of information.

318
00:19:22,240 --> 00:19:33,400
But somebody could use a Threadcast. Let's say you wanted to be the bull use when anda who does the food threat cast. Let's say when anda wanted to establish herself in the food arena.

319
00:19:33,860 --> 00:19:41,000
And the cooking arena and she wanted to be the Rachel Ray of Leo in terms of food.

320
00:19:41,660 --> 00:19:42,560
She could set up a subscription feed.

321
00:19:42,560 --> 00:20:03,320
She could set up a subscription service and I presume you can you can put in your subscription service monthly fee zero or maybe you have to add charge like point oh oh one HBD or something, but basically it's a free service went on does not necessarily charging for it, but it allows her to take all her cooking.

322
00:20:06,200 --> 00:20:10,400
posts of any kind all are cooking material and put it there.

323
00:20:10,960 --> 00:20:12,140
So people

324
00:20:12,140 --> 00:20:12,400
So people who are in the food arena.

325
00:20:12,400 --> 00:20:12,540
So people who are in the food arena.

326
00:20:12,560 --> 00:20:31,400
interested in that could subscribe to that and it's very segmented so now her threads related to cooking she can put that in the subscription if she writes a blog post related to cooking she can do the same thing if she puts a video in there, I presume video will be related.

327
00:20:32,240 --> 00:20:42,340
Khal did say shorts would end up behind the subscription wall so she makes a short about cooking she could put it behind there, so these are some of the ways that.

328
00:20:42,560 --> 00:20:48,640
Maybe you can use and incorporate subscriptions other than just saying oh well it's just another patron.

329
00:20:49,520 --> 00:20:59,540
You know, again, these two people need to get innovative, you need to get creative, you need to think of ways to use them and I quite frankly I don't think most people give any thought to any of this.

330
00:20:59,960 --> 00:21:09,260
And so that's why I don't think it'll drive people away I don't also think people will use it now, is it a good feature to add, yes, I commend.

331
00:21:10,280 --> 00:21:12,240
Khal for taking the initiative.

332
00:21:12,240 --> 00:21:30,480
To build it because, at a certain point in time, I think it will be something that could be used over time and could be incorporated and people could when you get business people starting to think in the in these realms of business building, then I think it'll get utilized.

333
00:21:31,740 --> 00:21:40,560
But you know, in terms of driving people away it's like if there's a subscription there it's like so what you know you don't you don't follow the subscription now.

334
00:21:41,580 --> 00:21:42,120
I mean I.

335
00:21:42,240 --> 00:21:52,260
There there there's stuff websites I go to and I'll read the free stuff and I won't read the subscription hell there's people search with technology.

336
00:21:52,860 --> 00:22:02,700
And they'll they'll show like 40% of their article for free, but then you get to the bottom it's like you have to be, you know, a subscriber paid subscriber.

337
00:22:03,120 --> 00:22:12,080
On sub stack or whatever it's like okay bag that but I read the 40% of the article that shows or I read the articles that they post up that are free and the ones that are paid.

338
00:22:12,240 --> 00:22:26,820
I just I don't see them I don't access them so what you know, and you see this on market watch you see this on CNBC you see this on New York Times you see this on a lot of sites they'll give you X number of free articles.

339
00:22:27,780 --> 00:22:39,600
And then, after that there's either you, you have to pay or there's a certain amount of or there's a certain number of articles that are pay that you can't access they're rolling for premium okay whatever.

340
00:22:42,820 --> 00:22:45,600
You have to pay for that that's that's that's not a problem.

341
00:22:49,480 --> 00:22:53,160
Not my not my interest so.

342
00:22:55,680 --> 00:23:03,180
Have you thought about making voice threads on and Leo like send a voice message, do you think we could have a feature.

343
00:23:06,060 --> 00:23:10,040
that's called shorts, I think what she's saying is.

344
00:23:10,980 --> 00:23:12,120
I mean, I don't know what you're saying.

345
00:23:12,240 --> 00:23:20,700
Make it voice. Well, that's a short. So if you want, instead of uploading a video file, upload an audio file.

346
00:23:22,340 --> 00:23:31,620
And there's your voice. You may have to put, you know, one of them thumbnails over it.

347
00:23:31,760 --> 00:23:39,720
But, you know, you can do that. I mean, voice files can be MP3s, MP4s, doesn't have to be video.

348
00:23:39,720 --> 00:23:46,160
So we already have it. It's called the short. What does PM mean? Is this a private meeting?

349
00:23:46,260 --> 00:23:53,840
I don't know where you're getting that, MoreTea. Will this be live from iFest? I don't know if iFest is even still going on.

350
00:23:57,360 --> 00:24:03,740
Fish wants me to entertain him. Switching to sooner versus time.

351
00:24:07,900 --> 00:24:09,540
Tokenize, use, well.

352
00:24:09,720 --> 00:24:13,560
I'm saying he can't listen. If he reads it, use a VPN.

353
00:24:14,320 --> 00:24:23,580
I read Fish that the Brazilian government say if you use a VPN, it's like $2,500 fine.

354
00:24:24,200 --> 00:24:27,000
I mean, they're getting some serious shit going down there.

355
00:24:28,120 --> 00:24:32,960
VSC was good, but we already weren't. No. Yeah, we already had them.

356
00:24:34,160 --> 00:24:39,560
You know, that's where trying to get people who are around to we're doing.

357
00:24:39,720 --> 00:24:41,960
Stuff helps, you know, what's going on.

358
00:24:44,160 --> 00:24:51,120
Well, that's kind of something to comment. Smartphone crypto wall does, but also doesn't have to download the entire blockchain to your phone.

359
00:24:52,520 --> 00:24:59,620
I've heard live accounts are great for fat people struggling to lose weight. This could also include organic accounts being healthy.

360
00:25:00,520 --> 00:25:01,520
Fish is on a roll.

361
00:25:01,520 --> 00:25:11,420
I miss Blocktrades. That was easy to use. Yeah, it was.

362
00:25:17,420 --> 00:25:23,320
AhmadManga with the Spaces link. Well, he made it now.

363
00:25:29,320 --> 00:25:30,700
Brando, 28.

364
00:25:30,700 --> 00:25:31,200
Just

365
00:25:31,520 --> 00:25:38,480
tuned in and sorry if this off topic, but I'm an exchange called CoinX to get assets in and out of Hive.

366
00:25:39,020 --> 00:25:48,120
CoinX has I've listed, which is interesting. Could I use to send LTC and sometime ago learned I couldn't sent Hive directly.

367
00:25:49,580 --> 00:25:53,780
I don't follow that, but CoinX is obviously an option.

368
00:25:56,280 --> 00:26:00,700
Ahmad, if there's an API for the InLeo Curator subscription, I might be able to use it.

369
00:26:00,700 --> 00:26:08,500
I might be able to make a subscription model for ReminderPig upcoming threads, too.

370
00:26:10,800 --> 00:26:17,300
Are you saying, Ahmad, for when your subscription runs out? Is that what you're saying? That you might be able to set a reminder?

371
00:26:17,700 --> 00:26:28,000
By the way, while we're covering this, and this also goes into what I'll be talking about, Ahmad has done a great job. He's done two great things.

372
00:26:28,200 --> 00:26:29,460
The first thing is Reminder.Ping.com.

373
00:26:29,460 --> 00:26:29,860
The second thing is Reminder.Ping.com.

374
00:26:29,860 --> 00:26:30,360
The first thing is Reminder.Ping.com.

375
00:26:30,360 --> 00:26:30,660
The first thing is Reminder.Ping.com.

376
00:26:30,660 --> 00:26:32,340
The second thing is Reminder.Ping.com.

377
00:26:32,920 --> 00:26:34,380
His remind me bot where he has brought notifications just like X, I guess, has notification messages where, when you want to be reminded of something.

378
00:26:34,380 --> 00:26:35,060
His remind me bot where he has brought notifications just like X, I guess, has notifications messages where when you want to be reminded of something.

379
00:26:35,060 --> 00:26:39,960
His remind me bot where he has brought notifications just like X, I guess, has notification messages where, when you want to be reminded of something.

380
00:26:39,960 --> 00:26:41,960
His remind me bot where he has brought notifications just like X, I guess, has notification messages where, when you want to be reminded of something.

381
00:26:41,960 --> 00:26:42,980
His remind me bot where he has brought notifications just like X, I guess, has notification messages where, when you want to be reminded of something.

382
00:26:42,980 --> 00:26:44,820
His remind me bot where he has brought notifications just like X, I guess, has notification messages where, when you want to be reminded of something.

383
00:26:44,820 --> 00:26:49,620
reminder and you will get a reminder. Like when you go to a space and you set a reminder,

384
00:26:49,900 --> 00:26:55,720
it sends you a notification that the space is coming up. Well, he created the same thing

385
00:26:55,720 --> 00:27:02,880
where you use the pound, remind me in two hours, in 30 minutes, in three and a half hours,

386
00:27:02,960 --> 00:27:11,840
whatever it is, and you will get a message in your notifications reminding you. So it's a

387
00:27:11,840 --> 00:27:17,560
nice little feature. Oh, and it wasn't curators, it was creators.

388
00:27:20,140 --> 00:27:24,160
You also need an audience, people that would subscribe. They're a vast majority on any

389
00:27:24,160 --> 00:27:27,680
platform. The actual source of income is from the platforms, the crowd. Yeah, that's true.

390
00:27:29,880 --> 00:27:30,860
That's very true.

391
00:27:34,320 --> 00:27:40,220
It is also something that, in my opinion, has to reach outside Hive. And if you are going to be a

392
00:27:40,220 --> 00:27:41,780
curator, creator,

393
00:27:41,980 --> 00:27:47,820
subscription, you have to be outside of it. Ahmad, I think the creator subscription feature

394
00:27:47,820 --> 00:27:52,420
will regulate itself organically. There are people who pay for it, figure if the content is worth it.

395
00:27:52,680 --> 00:27:57,060
If people don't think it's worthwhile content, they won't pay for it. Yeah, you're right. I mean,

396
00:27:57,180 --> 00:28:01,800
it's, you know, people will put it up crap. I mean, you may get somebody the first month,

397
00:28:01,800 --> 00:28:07,800
but after that, you're not going to get them the second month. And so.

398
00:28:11,840 --> 00:28:21,880
Brando's impressed by gas, grass.

399
00:28:23,620 --> 00:28:25,600
There are, those are some faff lines.

400
00:28:27,420 --> 00:28:30,800
Fish on a roll is often called sushi. I don't like that.

401
00:28:33,060 --> 00:28:41,440
Winanda likes to remind me, but there you go, Ahmad, you got a fan in Winanda. It's a handy feature. I mean, it's, again,

402
00:28:41,840 --> 00:28:46,720
when you're looking at a lot of this stuff, none of it is Earthshatter.

403
00:28:47,460 --> 00:28:51,120
But if you are looking at it from a full

404
00:28:51,120 --> 00:28:56,740
digital platform perspective, it is something that adds to.

405
00:28:56,740 --> 00:29:04,540
Are we going to have 10 million remind me notifications done today? No, probably not.

406
00:29:05,220 --> 00:29:11,760
But again, it's something that is used. It's there. It's available.

407
00:29:11,840 --> 00:29:25,760
To people. And, you know, it gives you a reminder of something. And if you're one who's constantly checking your notifications like I do, it's a handy little feature, especially if you have something that you're, you know,

408
00:29:27,440 --> 00:29:30,500
Something that you have to be reminded of that's important.

409
00:29:33,800 --> 00:29:41,760
Ahmad, just to give the, to catch up here. I meant to program a new feature for the Remind Me bot, but locked them.

410
00:29:41,760 --> 00:29:41,820
But, you know, I don't know. I don't know. I don't know. I don't know. I don't know.

411
00:29:42,400 --> 00:29:52,700
If I can just access a list of people or subscribe to the bot via InLeo's API creating such features will become real easy. So, okay. So, what, okay, what he's saying.

412
00:29:54,180 --> 00:30:03,100
Is he can prem new features for the bot itself based upon a list of the subscribers.

413
00:30:05,400 --> 00:30:08,300
To a subscription service. So,

414
00:30:09,980 --> 00:30:10,540
Yeah.

415
00:30:11,260 --> 00:30:11,380
This is the,

416
00:30:11,380 --> 00:30:11,760
this is,

417
00:30:11,760 --> 00:30:21,360
This is something that I asked, I put up a thread and I did tag Khal, and it was when

418
00:30:21,360 --> 00:30:27,760
Ahmad was running it on his local computer, and it was about a server.

419
00:30:27,760 --> 00:30:34,440
And I tagged Mike Possibly, I tagged Khal, and I forget, he mentioned somebody, oh, he

420
00:30:34,440 --> 00:30:37,560
used GitLab or GitHub to run it.

421
00:30:37,560 --> 00:30:42,800
But either way, I asked Khal, can this be something to be incorporated on the Leo server?

422
00:30:42,800 --> 00:30:46,140
And he said, you know, could be.

423
00:30:46,140 --> 00:30:51,760
So this is something that, again, Ahmad may be building, and maybe it becomes a part of

424
00:30:51,760 --> 00:30:57,600
the Leo platform.

425
00:30:57,600 --> 00:31:00,500
Guys still can get reminders the good old way.

426
00:31:00,500 --> 00:31:02,440
You only need to get married.

427
00:31:02,440 --> 00:31:05,120
No, that's not a reminder.

428
00:31:05,120 --> 00:31:07,440
That means get told what you're doing wrong.

429
00:31:07,440 --> 00:31:12,940
Do you know anything about Biltcoin?

430
00:31:12,940 --> 00:31:18,680
No, that was just one of the other billion coins out there that, like Proof of Brain

431
00:31:18,680 --> 00:31:24,020
and a bunch of others that, you know, people rolled out coins and what did they do?

432
00:31:24,020 --> 00:31:25,100
Not much.

433
00:31:25,100 --> 00:31:26,100
And that's what we see.

434
00:31:26,100 --> 00:31:34,560
I mean, we go through these phases where, you know, everybody jumps on the hot idea.

435
00:31:34,560 --> 00:31:36,800
And sometimes it's a good idea to jump on the hot idea.

436
00:31:36,800 --> 00:31:37,300
Yeah.

437
00:31:37,440 --> 00:31:38,560
Hot idea.

438
00:31:38,560 --> 00:31:41,760
And it may have some validity in theory.

439
00:31:41,760 --> 00:31:43,680
And a lot of this is innovation.

440
00:31:43,680 --> 00:31:46,460
A lot of this is experimentation.

441
00:31:46,460 --> 00:31:50,500
A lot of it within DeFi is testing and experimenting.

442
00:31:50,500 --> 00:31:53,340
And we don't know exactly what's going to work.

443
00:31:53,340 --> 00:31:54,880
So you try stuff out.

444
00:31:54,880 --> 00:32:00,060
But it was like the ICO craze in 2017, where everybody just brought out a token in the

445
00:32:00,060 --> 00:32:01,060
ICO craze.

446
00:32:01,060 --> 00:32:04,840
And it was like, OK, this is going to be the next big thing.

447
00:32:04,840 --> 00:32:06,560
And most of it was garbage.

448
00:32:06,560 --> 00:32:08,300
Because what did you do?

449
00:32:08,300 --> 00:32:10,920
What were you building?

450
00:32:10,920 --> 00:32:12,780
What was it tied to?

451
00:32:12,780 --> 00:32:13,780
What was the value?

452
00:32:13,780 --> 00:32:14,780
Nothing.

453
00:32:14,780 --> 00:32:15,780
There was zero.

454
00:32:15,780 --> 00:32:19,800
You know, bringing out a token to nothing means you've got a zero token.

455
00:32:19,800 --> 00:32:22,680
And so then we went through the phase of everybody playing with the tokenomics.

456
00:32:22,680 --> 00:32:25,460
Oh, well, we got a great burn session.

457
00:32:25,460 --> 00:32:26,460
We got great this.

458
00:32:26,460 --> 00:32:27,460
We got that great that.

459
00:32:27,460 --> 00:32:29,800
And we burned more tokens than anybody.

460
00:32:29,800 --> 00:32:31,420
Well, yeah.

461
00:32:31,420 --> 00:32:34,680
But if you burn down to one token on a platform or an app.

462
00:32:34,680 --> 00:32:35,680
Yeah.

463
00:32:35,680 --> 00:32:36,180
Yeah.

464
00:32:36,560 --> 00:32:38,260
If you burn down to one app, that's worth zero.

465
00:32:38,260 --> 00:32:42,660
So you got one token worth zero instead of 10 million tokens worth zero.

466
00:32:42,660 --> 00:32:45,800
It's still worth zero.

467
00:32:45,800 --> 00:32:52,020
And then when we got Hive Engine, a bunch of tokens showed up.

468
00:32:52,020 --> 00:32:53,600
Some of them were good experiments.

469
00:32:53,600 --> 00:32:59,420
Some of them decent projects, even if they weren't necessarily tied to a front end per

470
00:32:59,420 --> 00:33:02,280
se.

471
00:33:02,280 --> 00:33:05,780
But a lot of it was just people spinning up tokens tied to nothing.

472
00:33:05,780 --> 00:33:15,020
You know, and some of them even forked the Steemit.com UI, which, you know, Hive.blog uses.

473
00:33:17,640 --> 00:33:19,420
But OK, so you got another one.

474
00:33:20,360 --> 00:33:21,180
How are you different?

475
00:33:23,180 --> 00:33:24,920
Now, what makes you different?

476
00:33:27,800 --> 00:33:32,920
It's so I mean, it's that's where value.

477
00:33:34,060 --> 00:33:35,380
I mean, if you understand.

478
00:33:35,780 --> 00:33:43,220
There's really in the fungible token world, in my opinion, there's two major use cases.

479
00:33:43,220 --> 00:33:45,960
Number one is medium of exchange.

480
00:33:45,960 --> 00:33:47,640
That's your stable coins.

481
00:33:47,640 --> 00:33:53,880
You know that that's what HBD, that's what USDC, Tether, whatever wants.

482
00:33:53,880 --> 00:33:56,380
You're using it for payments.

483
00:33:56,380 --> 00:34:00,940
The second thing is, is value capture.

484
00:34:00,940 --> 00:34:02,780
And that's what Leo is.

485
00:34:02,780 --> 00:34:04,600
What is the value of the.

486
00:34:04,600 --> 00:34:05,560
We'll use the.

487
00:34:05,560 --> 00:34:08,800
The nomenclature digital real estate.

488
00:34:08,800 --> 00:34:09,800
What's this?

489
00:34:09,800 --> 00:34:14,440
What is this platform worth and how much of it do I own?

490
00:34:14,440 --> 00:34:23,760
And so when you have a part of the social layer, which that's what you're looking at,

491
00:34:23,760 --> 00:34:25,540
then you have Leo in your wallet.

492
00:34:25,540 --> 00:34:29,760
You own a piece of that layer.

493
00:34:29,760 --> 00:34:32,480
And there's only X amount available.

494
00:34:32,480 --> 00:34:34,460
Now what's the value of that?

495
00:34:34,460 --> 00:34:35,460
Well.

496
00:34:35,460 --> 00:34:37,900
That has to be built.

497
00:34:37,900 --> 00:34:45,800
And that has to be built just like the value has to be built on any of these digital platforms.

498
00:34:45,800 --> 00:34:52,200
In fact, there was one just as an aside, and I should have written it down.

499
00:34:52,200 --> 00:34:57,820
I just came across the headline this morning, a Twitter killer.

500
00:34:57,820 --> 00:35:03,500
And I believe this was a web to Twitter killer is now closing up shop.

501
00:35:03,500 --> 00:35:04,700
They ran out of money.

502
00:35:04,700 --> 00:35:13,660
And this was a typical VC funded platform that was being built, application that was

503
00:35:13,660 --> 00:35:17,260
built to take on Twitter.

504
00:35:17,260 --> 00:35:19,000
And I caught the headline.

505
00:35:19,000 --> 00:35:25,080
I didn't really read the article and they went bust.

506
00:35:25,080 --> 00:35:27,080
They ran out of money.

507
00:35:27,080 --> 00:35:28,540
Why?

508
00:35:28,540 --> 00:35:31,680
Because they were trying to replicate and duplicate what was out there.

509
00:35:31,680 --> 00:35:34,580
They built zero value or very little value.

510
00:35:34,580 --> 00:35:39,760
And even worse, they didn't even build the revenue stream.

511
00:35:39,760 --> 00:35:41,600
So it's not just in Web3.

512
00:35:41,600 --> 00:35:43,020
It's not just with tokens.

513
00:35:43,020 --> 00:35:45,180
It's not just on Hive.

514
00:35:45,180 --> 00:35:47,580
This is all over the place.

515
00:35:47,580 --> 00:35:55,060
Most technology companies, most technology initiatives fail.

516
00:35:55,060 --> 00:36:00,720
Because they tried to do something either A, that never was done before.

517
00:36:00,720 --> 00:36:02,580
And either the market's not ready for it.

518
00:36:02,580 --> 00:36:03,580
It can't be done technologically.

519
00:36:03,580 --> 00:36:04,580
There's no way.

520
00:36:04,580 --> 00:36:05,580
There's issues.

521
00:36:05,580 --> 00:36:06,580
They've run out of funding.

522
00:36:06,580 --> 00:36:07,580
A variety of reasons.

523
00:36:07,580 --> 00:36:08,580
So it doesn't work out.

524
00:36:08,580 --> 00:36:09,580
Okay.

525
00:36:09,580 --> 00:36:12,580
Or B, they're too early.

526
00:36:12,580 --> 00:36:20,080
You know, WebVAM, I've used this example many times.

527
00:36:20,080 --> 00:36:25,160
WebVAM was an IPO company during the dot-com bubble.

528
00:36:25,160 --> 00:36:29,360
WebVAM was a grocery delivery company.

529
00:36:29,360 --> 00:36:33,020
Webcam WebVAM went bust.

530
00:36:33,020 --> 00:36:34,020
Now.

531
00:36:34,020 --> 00:36:39,940
I don't know in many countries, but in the United States, most of your grocery chains

532
00:36:39,940 --> 00:36:44,520
are starting delivery services.

533
00:36:44,520 --> 00:36:45,800
They're doing WebVAM.

534
00:36:45,800 --> 00:36:52,460
You order through an app, and your groceries are delivered to your house.

535
00:36:52,460 --> 00:36:53,460
WebVAM was a great idea.

536
00:36:53,460 --> 00:36:58,360
It was just 20 years too early.

537
00:36:58,360 --> 00:37:00,000
So that sometimes happens.

538
00:37:00,000 --> 00:37:03,020
But then the other and the final reason is you don't build any value.

539
00:37:03,020 --> 00:37:05,820
You're no different.

540
00:37:05,820 --> 00:37:08,040
You're not building any value.

541
00:37:08,040 --> 00:37:09,040
And you're not building.

542
00:37:09,040 --> 00:37:12,460
And in Web3, typically, it's because you're not building.

543
00:37:12,460 --> 00:37:23,900
So with that, I wanted to go back to a lot of what I've been talking about, AI.

544
00:37:23,900 --> 00:37:25,760
And I wanted to bring this point up.

545
00:37:25,760 --> 00:37:28,420
And I don't know if everybody's caught it.

546
00:37:28,420 --> 00:37:31,940
Elon Musk paid $44 billion for Twitter.

547
00:37:31,940 --> 00:37:32,940
That's crazy.

548
00:37:32,940 --> 00:37:42,700
And many believe, including Elon, he overpaid, could have had it for $20 billion or $25 billion

549
00:37:42,700 --> 00:37:43,700
or whatever.

550
00:37:43,700 --> 00:37:51,380
It doesn't really matter, $44 billion for a social media platform that I don't know

551
00:37:51,380 --> 00:37:55,520
when Twitter started, 2006, 2007, somewhere in there.

552
00:37:55,520 --> 00:37:57,840
So it's 17, 18 years old.

553
00:37:57,840 --> 00:38:02,740
And we don't know what Twitter is worth today since it's a private company.

554
00:38:02,740 --> 00:38:13,700
But throw a number, throw a valuation, whatever you want, $20 billion, $40 billion, $10 billion.

555
00:38:13,700 --> 00:38:15,820
But here's the difference.

556
00:38:15,820 --> 00:38:29,500
Open AI, in its next round of funding, is expected to have a valuation of $150 billion.

557
00:38:29,500 --> 00:38:32,500
$150 billion.

558
00:38:32,740 --> 00:38:43,500
Twitter, X, $20 billion, $25 billion, $30 billion.

559
00:38:43,500 --> 00:38:54,540
And what does open AI have, really, at this point, as compared to what they're going to

560
00:38:54,540 --> 00:38:59,100
have in the future?

561
00:38:59,100 --> 00:39:01,580
If they go for a following round of funding.

562
00:39:01,580 --> 00:39:02,580
I'm not going to go into that.

563
00:39:02,580 --> 00:39:09,280
But from what little I've seen of Strawberry, which was just released yesterday, when I

564
00:39:09,280 --> 00:39:14,180
say what I've seen, the videos I've seen of people who've analyzed Strawberry, I don't

565
00:39:14,180 --> 00:39:17,760
look at it.

566
00:39:17,760 --> 00:39:22,460
You're talking about a quarter of a trillion dollars in valuation.

567
00:39:22,460 --> 00:39:25,620
AI is where the value comes from.

568
00:39:25,620 --> 00:39:30,460
AI is where the money comes from.

569
00:39:30,460 --> 00:39:31,460
What we have.

570
00:39:31,460 --> 00:39:32,460
. .

571
00:39:32,460 --> 00:39:36,640
One thing I say in my opinion is social media is not going to be the destination.

572
00:39:36,640 --> 00:39:37,640
Not for the companies.

573
00:39:37,640 --> 00:39:45,300
And when I say not for the companies, the reason why this is important for Leo people

574
00:39:45,300 --> 00:39:50,800
is we own the tokens.

575
00:39:50,800 --> 00:39:52,600
We are concerned about the valuation.

576
00:39:52,600 --> 00:39:56,120
We are the ones who want a $100 million market cap, or a $150 million market cap.

577
00:39:56,120 --> 00:39:58,520
That's not going to come from being a social media platform.

578
00:39:58,520 --> 00:40:00,400
That is where you're going.

579
00:40:00,400 --> 00:40:01,120
You're not going to be able to get墸.

580
00:40:01,120 --> 00:40:02,320
You're not going to continue.

581
00:40:03,420 --> 00:40:11,260
It's going to come from having an AI platform. Now, what does that mean? And how does it work?

582
00:40:11,980 --> 00:40:19,020
Well, to me, understanding the data feedback cycle is crucial.

583
00:40:20,780 --> 00:40:28,220
So what are we dealing with? We're dealing with data being submitted to a social media platform.

584
00:40:28,220 --> 00:40:32,060
Pick any of them. Pick meta with Facebook, Instagram, whatever.

585
00:40:34,700 --> 00:40:44,620
Pick X. Pick YouTube. Doesn't matter. Pick Leo. Data is submitted through the social media.

586
00:40:45,980 --> 00:40:52,220
More importantly, real-time data. Why do I say more importantly?

587
00:40:54,460 --> 00:40:57,500
If you go to Claude and you type in something,

588
00:40:58,380 --> 00:41:03,900
and it's not able to give the information, it'll say, as of my last update in April 2024.

589
00:41:07,820 --> 00:41:14,380
If you go to some of these others, same thing. You don't have that problem on meta. You don't

590
00:41:14,380 --> 00:41:19,980
have that problem with, I presume, with Grok, with a K, which is on X.

591
00:41:23,180 --> 00:41:28,060
You don't have that problem with Gemini, I presume, because...

592
00:41:28,220 --> 00:41:35,180
I haven't used that. Because if it's submitted in a video on YouTube,

593
00:41:35,180 --> 00:41:40,940
if it's on X, if it's on Facebook, it gets added.

594
00:41:43,740 --> 00:41:49,820
I went in and I asked for a summary on meta of a baseball game,

595
00:41:50,780 --> 00:41:56,460
Major League Baseball game, that ended, I don't know, two, two and a half hours before I was doing

596
00:41:58,220 --> 00:42:07,580
the prompt. And it gave me the answer. I did the same thing for Gemini. It gave me the answer.

597
00:42:09,340 --> 00:42:17,420
Why? How? Because somebody posted on Facebook the information, or Instagram,

598
00:42:17,420 --> 00:42:24,620
or wherever the hell they got it, the information regarding that. Somebody posted videos

599
00:42:26,700 --> 00:42:27,740
that talked about that.

600
00:42:29,020 --> 00:42:34,860
And, of course, the teams themselves put out videos. The broadcast networks put out videos.

601
00:42:34,860 --> 00:42:39,500
Fans do their own videos. They announce a score. They tell you what happened.

602
00:42:41,260 --> 00:42:48,220
It's real-time update. Guess what Leo has the capability of doing? Real-time update.

603
00:42:49,100 --> 00:42:57,740
So what we have is we have data being put in via social media. This data,

604
00:42:58,220 --> 00:43:08,940
is used to train the model the model then can be used to create ai services that are built

605
00:43:08,940 --> 00:43:16,060
and incorporated onto the digital platform which then creates more data and that data

606
00:43:16,060 --> 00:43:26,860
is then fed back into the model further training it that's the feedback loop

607
00:43:28,460 --> 00:43:37,260
and in my opinion in the world where everything is going ai which web 3.0 one of my core beliefs

608
00:43:37,260 --> 00:43:43,020
web 3.0 is not crypto crypto is a part of it blockchain it is not blockchain blockchain is

609
00:43:43,020 --> 00:43:50,860
a part of it it's going to be the next generation internet is going to be driven by ai this feedback

610
00:43:50,860 --> 00:43:58,140
loop is essential having that in your platform is crucial that's why open ai

611
00:43:58,220 --> 00:44:05,980
is having a contract with every type of publishing entity in the world magazines whatever to try to

612
00:44:05,980 --> 00:44:15,260
get data to try to get updated data social media companies don't they get it updated all the time

613
00:44:16,300 --> 00:44:27,740
and this is the reasons why I keep saying we need to keep bringing data to it brando hasn't the value

614
00:44:28,220 --> 00:44:33,580
twitter gone down a lot since march brought it well we don't know because it's a private company

615
00:44:33,580 --> 00:44:45,980
so we don't get any of the numbers but one thing brando to keep in mind is x owns 20 of xai xai

616
00:44:45,980 --> 00:44:57,820
brought out Grok if open ai is worth 150 billion what is xai worth 80 billion I don't know

617
00:44:59,020 --> 00:45:07,020
60 billion 50 billion x owns 20 of that maybe it's 25 or 25

618
00:45:10,620 --> 00:45:18,460
and Grok is only on Grok 2. the value will probably skyrocket the next the release

619
00:45:19,020 --> 00:45:27,980
with the release of Grok 3. just like strawberry is pushing the the advancement of ChatGPT

620
00:45:28,620 --> 00:45:32,540
to a greater height and I believe you'll have the same thing with llama

621
00:45:32,540 --> 00:45:38,620
4 with cloud 4 I believe you'll get a big jump up but x is now a private company so

622
00:45:38,620 --> 00:45:48,460
we have no idea what the numbers are so when we look at this data and I've said this in past

623
00:45:49,900 --> 00:45:57,180
episodes ai is data wrapped in algorithms and fed through

624
00:45:58,220 --> 00:46:07,420
processors. That's what it is. And so you have more data. There's also clean data. There's also

625
00:46:07,420 --> 00:46:13,200
structured data. There's a lot of different types of data out there. But basically, we'll just say

626
00:46:13,200 --> 00:46:19,580
more data to keep it simple. You have algorithms, which have to be written and which improve over

627
00:46:19,580 --> 00:46:24,600
time, and they create greater efficiencies in terms of data processing for the amount of energy

628
00:46:24,600 --> 00:46:30,280
required, etc., etc. And then you have increasing growing number of compute. That's why we're seeing

629
00:46:30,280 --> 00:46:41,400
AI advancement. Well, with Leo, as with anything, it all starts with the data. So what has taken

630
00:46:41,400 --> 00:46:52,900
place? Now, as a side note, and I did pull up a thread that MoreTea posted in the technology thread

631
00:46:52,900 --> 00:46:53,260
cast.

632
00:46:54,600 --> 00:47:02,080
And I'll just read it to you. I don't know why this is news. And I'm not saying anything gets

633
00:47:02,080 --> 00:47:09,980
MoreTea. He posted it because it's a news article. But Meta's big privacy admission, 17 years of

634
00:47:09,980 --> 00:47:14,660
data scraping. Did you know Meta, the company behind Facebook and Instagram, has been quietly

635
00:47:14,660 --> 00:47:21,460
scraping public posts, photos, and comments for the last 17 years? Yep, an Australian investigation

636
00:47:21,460 --> 00:47:24,580
uncovered that Meta's been using all this data to track the data. And I'll just read it to you.

637
00:47:24,600 --> 00:47:49,580
Well, first off, as I've said, it's not your data. If you post a Facebook comment or whatever

638
00:47:49,580 --> 00:47:54,320
they're called, the wall comment, or if you post a picture on Instagram,

639
00:47:54,600 --> 00:48:05,800
you're on Meta's servers. Period. So you're giving this stuff to Facebook. You're giving this stuff

640
00:48:05,800 --> 00:48:13,840
to X. You upload a video to YouTube. You are giving it to Google. It's on their servers. They

641
00:48:13,840 --> 00:48:21,980
pay for it. Now, and I just posted what MoreTea wrote in the thread. I didn't go to the source

642
00:48:24,600 --> 00:48:33,800
of that. But would it surprise me that Meta's been scraping all of the internet for the last 17 years?

643
00:48:34,180 --> 00:48:43,380
No. Would it surprise me that Google is scraping the internet for the last 17 years? No. And they

644
00:48:43,380 --> 00:48:53,880
have been. Just to give you an idea of how this works, these crawlers, they typically use what's

645
00:48:53,880 --> 00:48:54,580
called robot data. They're called robot data. They're called robot data. They're called robot

646
00:48:54,600 --> 00:49:00,840
text. There's a number of other protocols that are used. But basically, you use this protocol

647
00:49:00,840 --> 00:49:12,560
that goes out and scrapes the data. Well, for years, websites were open to this. They loved

648
00:49:12,560 --> 00:49:21,360
robot text. Why? It was used by the search engines. And the search engines went and crawled your site

649
00:49:21,360 --> 00:49:24,580
to see if there was any updated information. And they did. And they did. And they did. And they did.

650
00:49:24,600 --> 00:49:30,880
to index it. If you added a new page, they indexed it. That's how they did their indexing.

651
00:49:32,880 --> 00:49:40,540
That's how they captured it. And so these websites were all open to bring

652
00:49:40,540 --> 00:49:50,620
the search engine, mostly Google, but the other search engines used it, to get the data,

653
00:49:50,620 --> 00:49:54,580
to bring it into Google,

654
00:49:54,600 --> 00:50:02,480
and start to assimilate the data. So when people did search, hopefully, you were found. We know

655
00:50:02,480 --> 00:50:08,500
Google had other ideas about how they present their search results, but we'll leave that aside.

656
00:50:10,580 --> 00:50:17,140
Now, this wasn't limited to the search engines. Anybody could do this, who had the robot text.

657
00:50:17,140 --> 00:50:24,580
In fact, researchers had this done. So if you are,

658
00:50:24,600 --> 00:50:31,880
you are researching, I don't know, something about chemistry, you're

659
00:50:31,880 --> 00:50:43,540
a researcher at an institution or economics or biology, or whatever, you need to do the

660
00:50:43,540 --> 00:50:48,720
data to run your models, to run your experiments, to do your tests. How do you get that data?