706
00:59:23,600 --> 00:59:26,680
Who is developing LeoAI? Do we have faces and names?
707
00:59:27,880 --> 00:59:28,320
Well.
708
00:59:28,440 --> 00:59:38,400
We feed in the information, and then the developers create the algorithms, and then it's fed through process, then it's processed.
709
00:59:42,360 --> 00:59:45,680
I mean, who the hell created shorts?
710
00:59:47,260 --> 00:59:48,560
You know, it's the developers.
711
00:59:49,440 --> 00:59:52,180
Remember, AI is nothing more than compute.
712
00:59:52,500 --> 00:59:53,840
Well, it starts with data.
713
00:59:54,600 --> 00:59:58,300
You take the data, you wrap it in algorithms, and then you feed it to the developers.
714
00:59:58,300 --> 00:59:59,060
And then you feed it through compute.
715
01:00:00,580 --> 01:00:01,720
And that's what AI is.
716
01:00:02,320 --> 01:00:04,920
So, depending on what you're looking at.
717
01:00:07,480 --> 01:00:14,440
You're looking at a different data or B, you write algorithms that are different to get different results.
718
01:00:17,020 --> 01:00:21,180
For example, a Tesla is not feeding in X data.
719
01:00:21,180 --> 01:00:23,560
It's not feeding in social media data.
720
01:00:23,880 --> 01:00:26,820
It's feeding in driving data.
721
01:00:26,960 --> 01:00:28,160
It's feeding in data.
722
01:00:28,160 --> 01:00:41,120
It's feeding in data that it's uploaded from the vehicles, from the cameras in their vehicles, and, of course, they label them and all that type of stuff, and then they feed it in to their servers, into their compute.
723
01:00:42,080 --> 01:00:45,440
Well, that's a lot different than what Meta is doing to create Llama.
724
01:00:45,840 --> 01:00:47,980
Meta fed in text.
725
01:00:48,840 --> 01:00:56,160
It fed in images from Instagram, and it fed in whatever videos it has from its reels and whatever else.
726
01:00:56,540 --> 01:00:58,040
Plus all the WhatsApp.
727
01:00:58,040 --> 01:00:59,800
Information and all of that.
728
01:01:00,280 --> 01:01:05,680
Plus, we know Meta was scraping the Internet for years also, so they fed all that data.
729
01:01:07,280 --> 01:01:13,760
You know, and there are people wrote different algorithms and, you know, Meta, Claude, or excuse me, Llama has text.
730
01:01:13,760 --> 01:01:15,760
It also has some image generation.
731
01:01:16,020 --> 01:01:23,380
So there's different things you can do, and those, of course, will require different algorithms and different ways of training.
732
01:01:28,040 --> 01:01:34,280
I'm sure that in two to five years, train on images, and probably will become cheaper now.
733
01:01:34,720 --> 01:01:37,680
Yeah, I don't know how long it'll take.
734
01:01:38,040 --> 01:01:42,260
I mean, it's going to take a while.
735
01:01:42,400 --> 01:01:43,500
I mean, it's not right now.
736
01:01:46,900 --> 01:01:49,800
To ask Khal about that, is Leo training on images?
737
01:01:50,020 --> 01:01:54,760
Well, he can answer it, but, I mean, I'm with Ahmad on this.
738
01:01:54,800 --> 01:01:55,800
I don't think so.
739
01:01:55,800 --> 01:01:56,800
I think it's...
740
01:01:58,040 --> 01:02:02,860
I just don't believe it's cost-effective.
741
01:02:04,040 --> 01:02:05,760
And we don't have a lot of images.
742
01:02:05,920 --> 01:02:11,940
Don't forget, the image server that was used for so long is run by BlockTrade.
743
01:02:13,720 --> 01:02:16,680
So that's not on Leo's image server.
744
01:02:16,780 --> 01:02:19,340
Leo only set up its own image server, what, six months ago?
745
01:02:19,920 --> 01:02:23,200
So it has a few images, but it's not like it has years of images.
746
01:02:25,680 --> 01:02:27,300
People from the InLeo team.
747
01:02:27,460 --> 01:02:27,900
It's based on...
748
01:02:28,040 --> 01:02:30,360
I met Oslama, so they didn't start from scratch.
749
01:02:30,500 --> 01:02:31,720
Do you want specific...
750
01:02:31,720 --> 01:02:33,140
Oh, okay, he's had some Brando.
751
01:02:38,020 --> 01:02:38,460
Grok.
752
01:02:38,580 --> 01:02:42,100
Actually, Grok, Ahmad, is G-R-O-K, not C-K.
753
01:02:43,160 --> 01:02:47,800
AI is the most similar in concept to LeoAI, at least from what I heard.
754
01:02:48,020 --> 01:02:51,380
I don't know a ton about Grok, other than just the basics.
755
01:02:51,780 --> 01:02:52,920
So I've never...
756
01:02:52,920 --> 01:02:56,460
You know, I don't do much on X, so I don't know anything about it.
757
01:02:56,800 --> 01:02:56,920
I've never...
758
01:02:58,040 --> 01:02:59,460
Used it, never looked at it.
759
01:03:01,280 --> 01:03:05,300
Sometimes I wish I could manually add some data on a post, on post.
760
01:03:05,980 --> 01:03:07,740
I don't understand what you're asking, Ben.
761
01:03:11,500 --> 01:03:13,240
To watch, upload shorts.
762
01:03:13,900 --> 01:03:15,500
Yeah, uploading shorts.
763
01:03:18,640 --> 01:03:20,420
There's a couple things with shorts.
764
01:03:21,420 --> 01:03:27,240
Remember I said about engagement and then utility and database.
765
01:03:28,040 --> 01:03:30,380
Shorts are obviously for engagement.
766
01:03:31,620 --> 01:03:32,720
Shorts are limited.
767
01:03:33,180 --> 01:03:36,560
I will grant you because we don't have the recommend engine.
768
01:03:38,320 --> 01:03:45,140
So the idea of uploading videos and a bunch of people seeing it is not going to happen
769
01:03:45,140 --> 01:03:48,600
because it's the same thing as always.
770
01:03:48,740 --> 01:03:50,480
It's the same thing as with threads.
771
01:03:50,900 --> 01:03:54,160
If you don't catch it when it's there initially, you're not going to see it.
772
01:03:54,480 --> 01:03:57,860
Even if you click on a short, you open it up, and you watch it,
773
01:03:58,040 --> 01:03:59,880
nothing else is recommended.
774
01:04:02,480 --> 01:04:06,300
But my feeling is, and one of the reasons why I'm putting up so many shorts,
775
01:04:07,180 --> 01:04:08,820
because you want to fill your library.
776
01:04:10,260 --> 01:04:13,560
Because the more of the content you have up there, and don't forget,
777
01:04:13,960 --> 01:04:16,740
ad revenue is coming back into play.
778
01:04:17,120 --> 01:04:19,260
This is going to be tied to page views.
779
01:04:19,440 --> 01:04:25,460
The more content you have up there, when the recommend engine does come into play,
780
01:04:25,460 --> 01:04:27,460
it will start...
781
01:04:28,040 --> 01:04:29,040
Do that.
782
01:04:29,580 --> 01:04:33,100
And so I tag my shorts, and I don't tag them, LeoShorts.
783
01:04:33,360 --> 01:04:37,640
I tag it technology, I tag it AI, I tag it comedy, I tag it motivation.
784
01:04:38,060 --> 01:04:39,440
Whatever it is, tag it.
785
01:04:40,120 --> 01:04:44,600
That will help with the recommend engine to get you more views.
786
01:04:45,480 --> 01:04:48,220
But then also, as we've been discussing,
787
01:04:49,040 --> 01:04:51,300
another two years, three years from now,
788
01:04:51,300 --> 01:04:55,300
a lot of that info from shorts...
789
01:04:58,040 --> 01:05:07,420
There is also going to be the potentiality for you to put transcripts on your shorts.
790
01:05:10,420 --> 01:05:14,380
A couple possibilities that I know about, I won't say anything about them,
791
01:05:14,420 --> 01:05:16,080
because I don't know who's doing what.
792
01:05:16,980 --> 01:05:18,860
There's conversations going back and forth.
793
01:05:19,420 --> 01:05:23,140
But probably by the end of the year or next year,
794
01:05:23,140 --> 01:05:27,680
somebody will come out with something that you can put a transcript on your shorts too.
795
01:05:28,920 --> 01:05:30,040
That's more data.
796
01:05:44,960 --> 01:05:48,460
We need an option on shorts to open up the corresponding thread.
797
01:05:48,900 --> 01:05:50,500
I would agree with that, MoreTea.
798
01:05:50,500 --> 01:05:55,340
And I would suggest adding that to the top line thread with the feedback.
799
01:05:55,620 --> 01:05:56,520
Give that suggestion.
800
01:05:56,680 --> 01:05:57,880
I agree with you completely.
801
01:05:58,920 --> 01:06:04,940
I think that it would be very helpful if you could click on it or right-click on it
802
01:06:04,940 --> 01:06:10,320
and open up the thread instead of just being on the page.
803
01:06:22,700 --> 01:06:26,220
Ahmad said, InLeo can only go as far as their base AI tool allows.
804
01:06:26,220 --> 01:06:27,620
For example, it's being trained now.
805
01:06:28,040 --> 01:06:28,920
Is that true?
806
01:06:28,920 --> 01:06:29,920
Yes, it is.
807
01:06:29,920 --> 01:06:33,500
As long as Leo uses its base, it can never surpass Lama by far.
808
01:06:33,560 --> 01:06:34,260
But that's not true.
809
01:06:34,880 --> 01:06:38,380
Because what we put in is not fed into Lama.
810
01:06:39,100 --> 01:06:45,800
So what Leo is trained on, yes, it pulls in all the information from Lama.
811
01:06:46,360 --> 01:06:51,320
But Lama doesn't have any of the information from LeoAI.
812
01:06:52,380 --> 01:06:56,220
It's like taking one of these large language models
813
01:06:56,220 --> 01:06:57,360
and then developing.
814
01:06:57,360 --> 01:07:06,200
And then training it on real estate contracts and real estate law and real estate case study
815
01:07:06,200 --> 01:07:08,500
and all that stuff that has to do with real estate.
816
01:07:09,020 --> 01:07:12,720
Now, all of a sudden, you've got an AI that's built on real estate, but it uses the large
817
01:07:12,720 --> 01:07:14,740
language model of Lama.
818
01:07:15,800 --> 01:07:16,740
It's totally separate.
819
01:07:17,600 --> 01:07:21,920
So people who are asking about real estate are going to find out a hell of a lot more
820
01:07:21,920 --> 01:07:24,500
with that real estate model than they would from Lama.
821
01:07:25,240 --> 01:07:27,240
In real estate, it far surpasses Lama.
822
01:07:27,240 --> 01:07:31,860
And that's why you need to understand these large language models, they're general.
823
01:07:32,100 --> 01:07:33,420
They're not very specific.
824
01:07:34,780 --> 01:07:37,800
They're trying to cover all bases in a general way.
825
01:07:38,080 --> 01:07:44,180
But they will not have the specifics, especially considering when somebody starts to train
826
01:07:44,180 --> 01:07:48,940
stuff on things like contracts and stuff like that that are not necessarily out there.
827
01:07:50,020 --> 01:07:52,380
It's what data do they have access to?
828
01:07:52,680 --> 01:07:54,080
What data do they pull from?
829
01:07:55,120 --> 01:07:57,020
And, you know,
830
01:07:57,240 --> 01:08:00,780
then how do they assimilate the data?
831
01:08:02,240 --> 01:08:06,480
There's companies all over the place creating AI models using their own data.
832
01:08:07,200 --> 01:08:13,060
And they will fork something that's out there, let's say a Lama 3.
833
01:08:13,540 --> 01:08:17,720
They'll fork that to use that as the base model, but they then start training it on
834
01:08:17,720 --> 01:08:18,700
all their stuff.
835
01:08:19,680 --> 01:08:23,040
Well, their payroll information isn't about to end up on Meta.
836
01:08:23,760 --> 01:08:24,880
That's not going to be out there.
837
01:08:25,120 --> 01:08:27,120
Their customer records aren't going to be out.
838
01:08:27,240 --> 01:08:31,240
You know, and that's what I said earlier with Alibaba.
839
01:08:31,700 --> 01:08:39,000
Alibaba wants to get people up on their cloud using these factors and then on their own
840
01:08:39,000 --> 01:08:44,380
software, or excuse me, on their own servers, start implementing and integrating all this
841
01:08:44,380 --> 01:08:48,500
information and creating and generating all this information, which guess who gets to
842
01:08:48,500 --> 01:08:48,880
use it?
843
01:08:49,340 --> 01:08:49,860
Alibaba.
844
01:08:51,520 --> 01:08:57,220
So, you know, Leo's running this stuff on their own servers or on servers that are not
845
01:08:57,240 --> 01:08:58,240
on their own servers, they have control.
846
01:08:58,240 --> 01:09:01,180
I mean, it's, they're not running this stuff on Meta's servers.
847
01:09:02,520 --> 01:09:04,660
They're training it on wherever they train it on.
848
01:09:10,040 --> 01:09:15,860
If Leo is to build a powerful social media app on Play stores and apps, it stands a chance to track
849
01:09:15,860 --> 01:09:20,440
users, and perhaps one Web3 program is perfect, we might see InLeo mobile version.
850
01:09:21,240 --> 01:09:25,840
No, mobile versions are going the other way.
851
01:09:25,840 --> 01:09:32,900
Khal has said for years, and I've agreed with him on this, mobile is a very dangerous game.
852
01:09:33,120 --> 01:09:34,740
What if Apple decides to cancel you?
853
01:09:35,260 --> 01:09:37,240
What if Apple decides to take down your app?
854
01:09:38,520 --> 01:09:43,060
Hell, we don't, I don't even think mobile app is on Apple, because they were just such
855
01:09:43,060 --> 01:09:46,160
a pain in the ass to deal with, and there was a conflict, and after a year, they couldn't
856
01:09:46,160 --> 01:09:46,780
get a result.
857
01:09:48,660 --> 01:09:52,880
Most of your programmers are now going with, what's it called?
858
01:09:55,240 --> 01:09:55,760
There.
859
01:09:56,080 --> 01:10:05,840
They're using websites that, there's a certain way of designing a website that allows you
860
01:10:05,840 --> 01:10:07,200
to get away from the mobile app.
861
01:10:08,020 --> 01:10:10,420
Too much power in Apple's hands and Google's hands.
862
01:10:11,480 --> 01:10:13,840
I mean, see, we talk about decentralization.
863
01:10:13,980 --> 01:10:16,700
Here's a case in point where somebody says, well, let's centralize more.
864
01:10:16,800 --> 01:10:21,500
There's two people who control on-ramp and off-ramp to your app, Google and Apple.
865
01:10:21,640 --> 01:10:22,680
Let's give them more power.
866
01:10:25,840 --> 01:10:27,440
That's essentially what happens.
867
01:10:28,520 --> 01:10:30,480
And people say, I want to use an app because it's easy.
868
01:10:31,500 --> 01:10:33,140
Well, what happens when they cancel your app?
869
01:10:38,000 --> 01:10:40,440
Just for your information, feed is not updating.
870
01:10:41,400 --> 01:10:44,700
Okay, well, they may be working on it.
871
01:10:47,920 --> 01:10:53,020
Ken, in the future, InLeo, would be fully independent of having everything on their
872
01:10:53,020 --> 01:10:54,800
own UI, including LeoShorts.
873
01:10:54,800 --> 01:10:59,780
How about the native only Leo, only for all exclusive?
874
01:11:00,600 --> 01:11:02,420
I don't even know what you're asking.
875
01:11:02,820 --> 01:11:06,500
I mean, Leo writes to the high blockchain.
876
01:11:06,800 --> 01:11:08,460
That is never going to change.
877
01:11:08,900 --> 01:11:14,380
So any text that is posted on Leo goes on high.
878
01:11:15,440 --> 01:11:17,720
It's a blockchain-based application.
879
01:11:18,720 --> 01:11:24,480
The data that you write onto InLeo is not housed on InLeo.
880
01:11:24,480 --> 01:11:24,520
So it's not housed on InLeo.
881
01:11:24,520 --> 01:11:24,780
So it's not housed on InLeo.
882
01:11:24,780 --> 01:11:24,800
So it's not housed on InLeo.
883
01:11:24,980 --> 01:11:27,060
It's housed on the blockchain.
884
01:11:29,620 --> 01:11:36,500
In fact, if I'm not mistaken, well, I won't even go into that, but that's something different.
885
01:11:36,620 --> 01:11:38,620
But they actually don't even pull from the blockchain.
886
01:11:38,780 --> 01:11:40,440
They pull from a half server.
887
01:11:41,780 --> 01:11:47,400
So Shorts is IPFS because there's no text on the blockchain.
888
01:11:48,520 --> 01:11:50,700
I mean, there's no video on the blockchain.
889
01:11:50,880 --> 01:11:51,480
It's only text.
890
01:11:51,480 --> 01:11:54,520
So Shorts is on the IPFS.
891
01:11:54,800 --> 01:12:01,120
Now, again, that's not on Leo's servers.
892
01:12:02,140 --> 01:12:10,600
You get a Leo chatbot, you prompt a Leo chatbot, the response will be on Leo's servers.
893
01:12:11,520 --> 01:12:22,120
That will not be on blockchain unless, and Khal mentioned in one of the, I think it was on AMA,
894
01:12:22,120 --> 01:12:24,120
or maybe it was just in a...
895
01:12:24,800 --> 01:12:26,800
I think it was a comment that he made to me.
896
01:12:26,800 --> 01:12:38,460
But the idea of post to threads in the chatbot, where just exactly what AMA did from ChatGPT in LeoGPT or LeoChat or whatever it's called,
897
01:12:38,460 --> 01:12:41,520
after you do your prompt, you get a response.
898
01:12:41,520 --> 01:12:49,080
Maybe you can post it to threads and it'll automatically send it to threads as a thread store.
899
01:12:49,080 --> 01:12:53,140
That would be a great idea and a good feature.
900
01:12:53,140 --> 01:12:54,180
So that's the idea.
901
01:12:54,180 --> 01:13:01,820
Yeah, Marty, Bradley just said it's not up feeding.
902
01:13:01,820 --> 01:13:04,720
So maybe they're doing something.
903
01:13:06,720 --> 01:13:12,960
I think the focus should be the data on threads and the people doing that should be encouraged by supporting them with delegations.
904
01:13:13,640 --> 01:13:24,100
Again, you get into the same, see the problem with this mindset and, you know, Khal gets pissed off when I bring it up, but Khal says he's not doing it.
905
01:13:24,180 --> 01:13:25,020
I mean, we're not talking about the same thing.
906
01:13:25,020 --> 01:13:28,080
Everything is about the same thing.
907
01:13:28,080 --> 01:13:30,680
And we just go round and round with the same thing.
908
01:13:30,680 --> 01:13:35,680
And everybody wants to trade, take, Hive in a different direction, something different.
909
01:13:36,680 --> 01:13:38,680
But they keep doing it and talking the same thing.
910
01:13:39,380 --> 01:13:41,600
It always goes back to the rewards.
911
01:13:41,600 --> 01:13:43,240
How do I get more rewards?
912
01:13:45,720 --> 01:13:47,200
That's the pathway to poverty.
913
01:13:47,200 --> 01:13:49,920
It's a pathway to failure because you're talking about income.
914
01:13:52,440 --> 01:13:54,140
How come people aren't talking about value?
915
01:13:54,180 --> 01:13:56,180
This is what I ask.
916
01:13:56,180 --> 01:14:00,420
Instead of asking how many tokens can you get from Leo, how many tokens are you giving Leo?
917
01:14:00,420 --> 01:14:06,180
Are you putting up 10,000, 20,000, 50,000 tokens a day?
918
01:14:06,180 --> 01:14:08,820
Ahmad did a quick search.
919
01:14:08,820 --> 01:14:14,140
He found out he did whatever he said in that 150, 250, whatever it was.
920
01:14:14,140 --> 01:14:15,680
I don't remember what it was.
921
01:14:15,680 --> 01:14:19,940
Are you putting information in the database?
922
01:14:19,940 --> 01:14:21,380
See, here's another thing.
923
01:14:21,380 --> 01:14:23,380
Let me frame it this way.
924
01:14:23,380 --> 01:14:25,380
Going back to data is the new oil.
925
01:14:25,380 --> 01:14:27,380
We've all heard that, right?
926
01:14:27,380 --> 01:14:29,380
Data is the new oil.
927
01:14:29,380 --> 01:14:31,380
Why is that?
928
01:14:31,380 --> 01:14:33,380
Data is going to fuel the economy just like oil is.
929
01:14:33,380 --> 01:14:39,380
Data is fed into machines and make them
930
01:14:39,380 --> 01:14:43,380
fed into these, into compute.
931
01:14:43,380 --> 01:14:45,380
It makes it run.
932
01:14:45,380 --> 01:14:47,380
It brings out new applications, new programs.
933
01:14:47,380 --> 01:14:49,380
It creates outputs.
934
01:14:49,380 --> 01:14:51,380
Just like you put gas in a machine and you can dig a hole.
935
01:14:51,380 --> 01:14:53,380
You're out of gas.
936
01:14:53,380 --> 01:14:55,380
Your output is a hole.
937
01:14:55,380 --> 01:14:57,380
Or your output is you lift it.
938
01:14:57,380 --> 01:14:59,380
You used a crane to lift a whatever.
939
01:14:59,380 --> 01:15:03,380
Or use a forklift to move a pallet of soda or water or whatever.
940
01:15:03,380 --> 01:15:05,380
Okay?
941
01:15:05,380 --> 01:15:07,380
The concept.
942
01:15:07,380 --> 01:15:15,380
Those with the data, just like in the present economy, those with the oil, you can live in a desert.
943
01:15:15,380 --> 01:15:17,380
All of a sudden, you have oil.
944
01:15:17,380 --> 01:15:21,380
You become one of the wealthiest countries in the world per capita called Saudi Arabia.
945
01:15:21,380 --> 01:15:23,380
And what does Saudi Arabia have?
946
01:15:23,380 --> 01:15:25,380
They have huge reserves of oil.
947
01:15:27,380 --> 01:15:29,380
If you're China, you're screwed.
948
01:15:29,380 --> 01:15:31,380
China doesn't have oil.
949
01:15:31,380 --> 01:15:33,380
Japan is really screwed.
950
01:15:33,380 --> 01:15:35,380
They've got zero oil.
951
01:15:35,380 --> 01:15:37,380
They've got to import it all.
952
01:15:37,380 --> 01:15:41,380
The Japanese economy is 100% dependent, in this instance, on the U.S.
953
01:15:41,380 --> 01:15:43,380
Because that's where it gets its oil from.
954
01:15:45,380 --> 01:15:47,380
So, who has the oil?
955
01:15:47,380 --> 01:15:49,380
Who doesn't?
956
01:15:49,380 --> 01:15:51,380
The haves and the have-nots.
957
01:15:51,380 --> 01:15:53,380
Same thing with data.
958
01:15:53,380 --> 01:15:55,380
Who has the data and who doesn't?
959
01:15:55,380 --> 01:15:59,380
But see, the difference with oil is you either have oil or you don't.
960
01:15:59,380 --> 01:16:01,380
And what oil you have is what oil you have.
961
01:16:01,380 --> 01:16:11,380
Okay, maybe you find a new oil pocket and you do some drilling and you find a new reservoir.
962
01:16:11,380 --> 01:16:13,380
But that was there.
963
01:16:13,380 --> 01:16:15,380
What oil is there is there.
964
01:16:15,380 --> 01:16:19,380
I mean, however many millions of years to create oil.
965
01:16:19,380 --> 01:16:21,380
That's not the case with data.
966
01:16:21,380 --> 01:16:23,380
We create more data every day.
967
01:16:23,380 --> 01:16:27,380
We're doing it just naturally if you're connected to anything.
968
01:16:27,380 --> 01:16:33,380
But on Leo, we have the ability to consciously create more data and direct where it goes.
969
01:16:33,380 --> 01:16:37,380
Yeah, we could go to X and create it on X.
970
01:16:37,380 --> 01:16:39,380
And guess what?
971
01:16:39,380 --> 01:16:41,380
It goes to X.
972
01:16:41,380 --> 01:16:43,380
See, this conversation is space.
973
01:16:45,380 --> 01:16:47,380
I'm feeding Elon more data.
974
01:16:47,380 --> 01:16:49,380
I'm feeding Elon more data.
975
01:16:49,380 --> 01:16:51,380
Because we do this on X.
976
01:16:51,380 --> 01:16:53,380
But all is not lost.
977
01:16:53,380 --> 01:17:01,380
Because Mightpossibly takes this audio, runs it through, and gets a transcript or gets a summary.
978
01:17:01,380 --> 01:17:05,380
And posts a summary on Leo.
979
01:17:05,380 --> 01:17:07,380
So at least the summary is there.
980
01:17:07,380 --> 01:17:09,380
So some of it is benefiting Leo.
981
01:17:09,380 --> 01:17:13,380
And then, of course, the Threadcast is taking place.
982
01:17:13,380 --> 01:17:17,380
And you all are adding data by going into the Threadcast.
983
01:17:17,380 --> 01:17:19,380
So...
984
01:17:19,380 --> 01:17:21,380
Data is what fuels the economy.
985
01:17:21,380 --> 01:17:25,380
More data creates more value in the economy.
986
01:17:25,380 --> 01:17:27,380
Why don't we create more oil?
987
01:17:27,380 --> 01:17:33,380
I mean, seriously, if you had the ability to create more oil on your land,
988
01:17:33,380 --> 01:17:35,380
and have an oil well on your land,
989
01:17:35,380 --> 01:17:39,380
and then double the size, triple the size,
990
01:17:39,380 --> 01:17:41,380
and then sell the oil,
991
01:17:41,380 --> 01:17:43,380
or at least receive the value of the oil,
992
01:17:43,380 --> 01:17:45,380
you would do that.
993
01:17:45,380 --> 01:17:47,380
And that's what data does.
994
01:17:47,380 --> 01:17:51,380
So the more data that goes into the Leo database,
995
01:17:51,380 --> 01:17:53,380
the Hive database actually,
996
01:17:53,380 --> 01:17:55,380
which Leo actually uses,
997
01:17:55,380 --> 01:17:59,380
the more value we will have.
998
01:17:59,380 --> 01:18:03,380
The more the value of the token,
999
01:18:03,380 --> 01:18:05,380
the more we understand the tokenomics,
1000
01:18:05,380 --> 01:18:07,380
and the feedback of the tokenomics,
1001
01:18:07,380 --> 01:18:09,380
there it is.
1002
01:18:09,380 --> 01:18:11,380
That's why I started this by saying,
1003
01:18:11,380 --> 01:18:15,380
with the Leo data feedback loop,
1004
01:18:15,380 --> 01:18:19,380
that is the only feedback loop that matters in this day and age.
1005
01:18:19,380 --> 01:18:21,380
The data feedback loop.
1006
01:18:21,380 --> 01:18:23,380
Google understands it.
1007
01:18:23,380 --> 01:18:25,380
Meta understands it.
1008
01:18:25,380 --> 01:18:27,380
Elon Musk understands it.
1009
01:18:27,380 --> 01:18:29,380
Alibaba understands it.
1010
01:18:29,380 --> 01:18:31,380
Amazon understands it.
1011
01:18:31,380 --> 01:18:33,380
All these companies understand it.
1012
01:18:33,380 --> 01:18:35,380
And they're doing something about it.
1013
01:18:35,380 --> 01:18:37,380
In their own different ways.
1014
01:18:39,380 --> 01:18:43,380
That is the engine of growth.
1015
01:18:43,380 --> 01:18:45,380
That is the driver. Data.
1016
01:18:45,380 --> 01:18:47,380
All feedback loops,
1017
01:18:47,380 --> 01:18:49,380
and you've heard me talk about this,
1018
01:18:49,380 --> 01:18:51,380
you've heard Khal talk about this,
1019
01:18:51,380 --> 01:18:53,380
all feedback loops outside of that are secondary.
1020
01:18:55,380 --> 01:18:57,380
Because if you get the data feedback loop,
1021
01:18:57,380 --> 01:18:59,380
then you only have one challenge
1022
01:18:59,380 --> 01:19:01,380
to figure out how to monetize it.
1023
01:19:01,380 --> 01:19:03,380
Which Leo has.
1024
01:19:03,380 --> 01:19:05,380
Leo actually has
1025
01:19:05,380 --> 01:19:07,380
a model to monetize
1026
01:19:09,380 --> 01:19:11,380
the data.
1027
01:19:11,380 --> 01:19:13,380
It's called premium.
1028
01:19:13,380 --> 01:19:15,380
And we can add
1029
01:19:15,380 --> 01:19:17,380
layers to it, as I said.
1030
01:19:17,380 --> 01:19:19,380
Later.
1031
01:19:19,380 --> 01:19:21,380
Depending on what features and what services come out.
1032
01:19:23,380 --> 01:19:25,380
Maybe there's different premium levels.
1033
01:19:25,380 --> 01:19:27,380
You know,
1034
01:19:27,380 --> 01:19:29,380
premium level A gives you a chatbot
1035
01:19:29,380 --> 01:19:31,380
and copilot.
1036
01:19:31,380 --> 01:19:33,380
Premium level B gives you image generation,
1037
01:19:33,380 --> 01:19:35,380
video generation.
1038
01:19:37,380 --> 01:19:39,380
Premium level 3 gives you
1039
01:19:39,380 --> 01:19:41,380
whatever other
1040
01:19:41,380 --> 01:19:43,380
services.
1041
01:19:43,380 --> 01:19:44,920
AI agents or whatever.
1042
01:19:45,380 --> 01:19:47,380
All of that.
1043
01:19:47,380 --> 01:19:49,380
All of that.
1044
01:19:49,380 --> 01:19:51,380
All of that.
1045
01:19:51,380 --> 01:19:53,380
All of that.
1046
01:20:01,380 --> 01:20:03,380
Okay, devs are playing around.
1047
01:20:03,380 --> 01:20:05,380
Glad I didn't have
1048
01:20:11,380 --> 01:20:13,380
Leo and Nirvana, yeah.
1049
01:20:13,380 --> 01:20:15,380
Leo and Nirvana, yeah.
1050
01:20:15,380 --> 01:20:17,380
Brando says it may be a high note issue.
1051
01:20:17,380 --> 01:20:19,380
Brando says it may be a high note issue.
1052
01:20:23,380 --> 01:20:25,380
See, well,
1053
01:20:25,380 --> 01:20:27,380
Brando said, good point.
1054
01:20:27,380 --> 01:20:29,380
But in separate Telegram and MiniApp,
1055
01:20:29,380 --> 01:20:31,380
that's where soon-to-be coiners are.
1056
01:20:31,380 --> 01:20:33,380
No, they're not.
1057
01:20:33,380 --> 01:20:35,380
I mean, maybe they are, but who the hell's on Telegram?
1058
01:20:35,380 --> 01:20:37,380
Who the hell's on Telegram?
1059
01:20:37,380 --> 01:20:39,380
Airdroppers.
1060
01:20:41,380 --> 01:20:43,380
See, if you look
1061
01:20:43,380 --> 01:20:45,380
past crypto, look at crypto.
1062
01:20:45,380 --> 01:20:47,380
Look to Web3.
1063
01:20:47,380 --> 01:20:49,380
This is what people do not do.
1064
01:20:49,380 --> 01:20:51,380
And as I said, I'm sorry for being a little
1065
01:20:51,380 --> 01:20:53,380
arrogant about this,
1066
01:20:53,380 --> 01:20:55,380
but I've been watching technological trends
1067
01:20:55,380 --> 01:20:57,380
for 25 years. I've designed models
1068
01:20:57,380 --> 01:20:59,380
of trying to figure out
1069
01:20:59,380 --> 01:21:01,380
how to separate hype
1070
01:21:01,380 --> 01:21:03,380
from real trends,
1071
01:21:03,380 --> 01:21:05,380
how to judge them,
1072
01:21:05,380 --> 01:21:07,380
how to time them,
1073
01:21:07,380 --> 01:21:09,380
what is fact, what is fiction.
1074
01:21:09,380 --> 01:21:11,380
I've spent a lot of time watching this shit.
1075
01:21:11,380 --> 01:21:13,380
Crypto is not the future.
1076
01:21:13,380 --> 01:21:15,380
Crypto is not Web3.
1077
01:21:15,380 --> 01:21:17,380
Crypto is not Web3.
1078
01:21:17,380 --> 01:21:19,380
Crypto is not Web3.
1079
01:21:19,380 --> 01:21:21,380
Crypto is not Web3.
1080
01:21:21,380 --> 01:21:23,380
Crypto is a part of Web3.
1081
01:21:23,380 --> 01:21:25,380
You know what's part of Web3?
1082
01:21:25,380 --> 01:21:27,380
AI.
1083
01:21:27,380 --> 01:21:29,380
You know what's tied to AI?
1084
01:21:29,380 --> 01:21:31,380
Crypto.
1085
01:21:31,380 --> 01:21:33,380
You will not be able to separate them.
1086
01:21:33,380 --> 01:21:35,380
Because you know what comes out of AI?
1087
01:21:35,380 --> 01:21:37,380
AI agents.
1088
01:21:37,380 --> 01:21:39,380
When you have an AI agent
1089
01:21:39,380 --> 01:21:41,380
that places AI
1090
01:21:41,380 --> 01:21:43,380
and takes your schedule
1091
01:21:43,380 --> 01:21:45,380
and goes and books you a hotel, a rental car
1092
01:21:45,380 --> 01:21:47,380
and an airline ticket based upon your schedule
1093
01:21:47,380 --> 01:21:49,380
where you'll be
1094
01:21:49,380 --> 01:21:51,380
Thanksgiving
1095
01:21:51,380 --> 01:21:53,380
or at the end of October
1096
01:21:53,380 --> 01:21:55,380
for a business meeting,
1097
01:21:55,380 --> 01:21:57,380
do you think it's going to pay with your
1098
01:21:57,380 --> 01:21:59,380
Visa card?
1099
01:21:59,380 --> 01:22:01,380
Do you think it's going to swipe your Visa card?
1100
01:22:01,380 --> 01:22:03,380
No. It's going to be tied to crypto.
1101
01:22:03,380 --> 01:22:05,380
All this stuff
1102
01:22:05,380 --> 01:22:07,380
is going to be tied to crypto.
1103
01:22:07,380 --> 01:22:09,380
But see,
1104
01:22:09,380 --> 01:22:11,380
when people are looking,
1105
01:22:11,380 --> 01:22:13,380
what can I get?
1106
01:22:13,380 --> 01:22:15,380
I want to get a few tokens.
1107
01:22:15,380 --> 01:22:17,380
That's not Web3.
1108
01:22:17,380 --> 01:22:19,380
You're missing the entire point.
1109
01:22:19,380 --> 01:22:21,380
Web3 is the
1110
01:22:21,380 --> 01:22:23,380
next generation of the internet.
1111
01:22:25,380 --> 01:22:27,380
And this is
1112
01:22:27,380 --> 01:22:29,380
why Web3 so far is a failure.
1113
01:22:29,380 --> 01:22:31,380
Because everybody's focusing on crypto.
1114
01:22:31,380 --> 01:22:33,380
Let's build something to get the crypto people.
1115
01:22:33,380 --> 01:22:35,380
Crypto people are
1116
01:22:35,380 --> 01:22:37,380
crap. We've seen that.
1117
01:22:37,380 --> 01:22:39,380
They want everything for free.
1118
01:22:39,380 --> 01:22:41,380
They want to take their tokens.
1119
01:22:41,380 --> 01:22:43,380
They want to run off and sell them.
1120
01:22:43,380 --> 01:22:45,380
They don't build anything.
1121
01:22:45,380 --> 01:22:47,380
They don't support anything.
1122
01:22:47,380 --> 01:22:49,380
They chase the next hot token.
1123
01:22:49,380 --> 01:22:51,380
They only give a shit about green candles.
1124
01:22:53,380 --> 01:22:55,380
And they only talk about
1125
01:22:55,380 --> 01:22:57,380
the market.
1126
01:22:57,380 --> 01:22:59,380
That does not get you users.
1127
01:22:59,380 --> 01:23:01,380
That gets you crypto people
1128
01:23:01,380 --> 01:23:03,380
who are looking for
1129
01:23:03,380 --> 01:23:05,380
quick hits.
1130
01:23:05,380 --> 01:23:07,380
That's what they are.
1131
01:23:11,380 --> 01:23:13,380
Jim Cramer
1132
01:23:13,380 --> 01:23:15,380
is not Elon Musk.
1133
01:23:15,380 --> 01:23:17,380
Jim Cramer is not Jeff Bezos.
1134
01:23:17,380 --> 01:23:19,380
Jim Cramer is not Bill Gates.
1135
01:23:19,380 --> 01:23:21,380
Jim Cramer
1136
01:23:21,380 --> 01:23:23,380
is not Larry Ellison.
1137
01:23:23,380 --> 01:23:25,380
Jim Cramer did not
1138
01:23:25,380 --> 01:23:27,380
build shit.
1139
01:23:27,380 --> 01:23:29,380
I mean, he built a decent company.
1140
01:23:29,380 --> 01:23:31,380
He built a company based on the market.
1141
01:23:31,380 --> 01:23:33,380
He built a company that provides information.
1142
01:23:33,380 --> 01:23:35,380
He had a company that was like a blog and whatnot.
1143
01:23:35,380 --> 01:23:37,380
And he's made a lot of money.
1144
01:23:37,380 --> 01:23:39,380
He built a hell of a brand as a TV personality.
1145
01:23:39,380 --> 01:23:41,380
He gets paid a lot of money, I'm sure,
1146
01:23:41,380 --> 01:23:43,380
as a TV personality.
1147
01:23:43,380 --> 01:23:45,380
He talks about markets.
1148
01:23:45,380 --> 01:23:47,380
He talks about companies and
1149
01:23:47,380 --> 01:23:49,380
how that's going to impact the market.
1150
01:23:49,380 --> 01:23:51,380
He is not a builder.
1151
01:23:51,380 --> 01:23:53,380
He's not taken seriously as an executive.
1152
01:23:53,380 --> 01:23:55,380
And I wouldn't buy shit from Jim Cramer.
1153
01:23:55,380 --> 01:23:57,380
I would not invest any money in Jim Cramer
1154
01:23:57,380 --> 01:23:59,380
because he's not a builder.
1155
01:24:03,380 --> 01:24:05,380
We have the same thing in the crypto market.
1156
01:24:05,380 --> 01:24:07,380
We have the same thing in crypto.
1157
01:24:09,380 --> 01:24:11,380
Everybody wants to talk about price.
1158
01:24:11,380 --> 01:24:13,380
Green candles, bull markets.
1159
01:24:13,380 --> 01:24:15,380
Bull market,
1160
01:24:15,380 --> 01:24:17,380
bear market is not
1161
01:24:17,380 --> 01:24:19,380
terminology for business people.
1162
01:24:21,380 --> 01:24:23,380
It's terminology for finance people.
1163
01:24:25,380 --> 01:24:27,380
It's that simple.
1164
01:24:27,380 --> 01:24:29,380
Business people
1165
01:24:29,380 --> 01:24:31,380
talk about the economy.
1166
01:24:31,380 --> 01:24:33,380
They talk about market share.
1167
01:24:35,380 --> 01:24:37,380
They talk about increase in productivity.
1168
01:24:37,380 --> 01:24:39,380
They talk about profits.
1169
01:24:39,380 --> 01:24:41,380
They talk about revenues.
1170
01:24:41,380 --> 01:24:43,380
They talk about
1171
01:24:43,380 --> 01:24:45,380
number of stores.
1172
01:24:45,380 --> 01:24:47,380
They have all kinds of metrics
1173
01:24:47,380 --> 01:24:49,380
to find the industry.
1174
01:24:49,380 --> 01:24:51,380
They don't talk about bull market,
1175
01:24:51,380 --> 01:24:53,380
bear market.
1176
01:24:53,380 --> 01:24:55,380
They don't talk about stock price.
1177
01:24:55,380 --> 01:24:57,380
You know how many earnings calls
1178
01:24:57,380 --> 01:24:59,380
I've been on that the CEO
1179
01:24:59,380 --> 01:25:01,380
talked about stock price?
1180
01:25:01,380 --> 01:25:03,380
I've been on every Elon Musk earnings call,
1181
01:25:03,380 --> 01:25:05,380
every Tesla earnings call,
1182
01:25:05,380 --> 01:25:07,380
probably since 2015,
1183
01:25:07,380 --> 01:25:09,380
even before I invested in the company.
1184
01:25:09,380 --> 01:25:11,380
I don't know if I've ever heard Elon Musk talk about stock price.
1185
01:25:11,380 --> 01:25:13,380
I've heard him talk
1186
01:25:13,380 --> 01:25:15,380
about the economy.
1187
01:25:15,380 --> 01:25:17,380
I've heard him talk about interest rates
1188
01:25:17,380 --> 01:25:19,380
because that obviously affects certain things
1189
01:25:19,380 --> 01:25:21,380
in the automotive industry.
1190
01:25:21,380 --> 01:25:23,380
But I've never heard him talk about
1191
01:25:23,380 --> 01:25:25,380
the stock price
1192
01:25:25,380 --> 01:25:27,380
and moving the stock price up
1193
01:25:27,380 --> 01:25:29,380
and whether we're in a bull market
1194
01:25:29,380 --> 01:25:31,380
or a bear market.
1195
01:25:31,380 --> 01:25:33,380
Elon Musk doesn't give a shit
1196
01:25:33,380 --> 01:25:35,380
what the markets do.
1197
01:25:35,380 --> 01:25:37,380
That has no bearing on his business.
1198
01:25:37,380 --> 01:25:39,380
But what do crypto people talk about?
1199
01:25:39,380 --> 01:25:41,380
Market, market, market, market.
1200
01:25:41,380 --> 01:25:43,380
Price is going up.
1201
01:25:43,380 --> 01:25:45,380
Price is going down.
1202
01:25:45,380 --> 01:25:47,380
When's Bitcoin going to move?
1203
01:25:47,380 --> 01:25:49,380
That's what you're waiting on
1204
01:25:49,380 --> 01:25:51,380
to be successful?
1205
01:25:51,380 --> 01:25:53,380
It's a bull market?
1206
01:25:53,380 --> 01:25:55,380
Where else in the world
1207
01:25:55,380 --> 01:25:57,380
does anybody do that?
1208
01:25:57,380 --> 01:25:59,380
Name me one executive who says
1209
01:25:59,380 --> 01:26:01,380
we're going to do a lot better
1210
01:26:01,380 --> 01:26:03,380
outside of financial companies.
1211
01:26:03,380 --> 01:26:05,380
We're going to do a lot better
1212
01:26:05,380 --> 01:26:07,380
once the bull market takes off.
1213
01:26:07,380 --> 01:26:09,380
We just got to wait for the bull market
1214
01:26:09,380 --> 01:26:11,380
then we'll sell more cars.
1215
01:26:11,380 --> 01:26:13,380
Do you think the Walmart executives
1216
01:26:13,380 --> 01:26:15,380
are sitting there?
1217
01:26:15,380 --> 01:26:17,380
The CEO is talking about
1218
01:26:17,380 --> 01:26:19,380
once the stock market takes off
1219
01:26:19,380 --> 01:26:21,380
then our earnings will be good.
1220
01:26:21,380 --> 01:26:23,380
But it's a bear market
1221
01:26:23,380 --> 01:26:25,380
so our earnings suck.
1222
01:26:25,380 --> 01:26:27,380
They'll say that about the economy.
1223
01:26:27,380 --> 01:26:29,380
Actually, they're the reverse.
1224
01:26:29,380 --> 01:26:31,380
If the economy is doing shitty
1225
01:26:31,380 --> 01:26:33,380
Walmart usually does better.
1226
01:26:33,380 --> 01:26:35,380
But the point is
1227
01:26:35,380 --> 01:26:37,380
the economy is not the market.
1228
01:26:37,380 --> 01:26:39,380
Who's your target audience?
1229
01:26:39,380 --> 01:26:41,380
People.
1230
01:26:41,380 --> 01:26:43,380
If you just look at how they behave.
1231
01:26:43,380 --> 01:26:45,380
Look at their dedication.
1232
01:26:45,380 --> 01:26:47,380
Look at what they've built.
1233
01:26:47,380 --> 01:26:49,380
Yeah, that's what you have.
1234
01:26:49,380 --> 01:26:51,380
The moment I started looking at it
1235
01:26:51,380 --> 01:26:53,380
from a data perspective
1236
01:26:53,380 --> 01:26:55,380
anything I put on the Hive
1237
01:26:55,380 --> 01:26:57,380
InLeo started to feel like an investment.
1238
01:26:57,380 --> 01:26:59,380
That the rewards I get
1239
01:26:59,380 --> 01:27:01,380
started to feel like a bonus
1240
01:27:01,380 --> 01:27:03,380
rather than a bonus.
1241
01:27:03,380 --> 01:27:05,380
I started to feel like
1242
01:27:05,380 --> 01:27:07,380
an investment.
1243
01:27:07,380 --> 01:27:09,380
That the rewards I get
1244
01:27:09,380 --> 01:27:11,380
started to feel like a bonus
1245
01:27:11,380 --> 01:27:13,380
rather than a bonus.
1246
01:27:13,380 --> 01:27:15,380
You obviously want to build your stake.
1247
01:27:15,380 --> 01:27:17,380
Don't get me wrong.
1248
01:27:17,380 --> 01:27:19,380
Getting rewards
1249
01:27:19,380 --> 01:27:21,380
comes from activity.
1250
01:27:21,380 --> 01:27:23,380
I go through
1251
01:27:23,380 --> 01:27:25,380
and I upload a lot of threads
1252
01:27:25,380 --> 01:27:27,380
every day.
1253
01:27:27,380 --> 01:27:29,380
I have no problem doing that.
1254
01:27:29,380 --> 01:27:31,380
I'm happy to do it.
1255
01:27:31,380 --> 01:27:33,380
Khal does it.
1256
01:27:33,380 --> 01:27:35,380
That's how we distribute the token.
1257
01:27:35,380 --> 01:27:37,380
It's good to get the token
1258
01:27:37,380 --> 01:27:39,380
in a lot of different people's hands.
1259
01:27:39,380 --> 01:27:41,380
Especially people who are owners.
1260
01:27:41,380 --> 01:27:43,380
It's great.
1261
01:27:43,380 --> 01:27:45,380
People build their stake
1262
01:27:45,380 --> 01:27:47,380
and they do it by writing articles
1263
01:27:47,380 --> 01:27:49,380
they do it by posting shorts.
1264
01:27:49,380 --> 01:27:51,380
Wonderful.
1265
01:27:51,380 --> 01:27:53,380
I'm not saying that's a bad thing.
1266
01:27:53,380 --> 01:27:55,380
It's not.
1267
01:27:55,380 --> 01:27:57,380
But if that is your focus
1268
01:27:57,380 --> 01:27:59,380
honestly in the long run
1269
01:27:59,380 --> 01:28:01,380
what good are you?
1270
01:28:01,380 --> 01:28:03,380
Because that's your focus.
1271
01:28:03,380 --> 01:28:05,380
The next hot thing
1272
01:28:05,380 --> 01:28:07,380
is where they run off to.
1273
01:28:07,380 --> 01:28:09,380
We've seen this with all the airdrops.
1274
01:28:09,380 --> 01:28:11,380
It's like
1275
01:28:11,380 --> 01:28:13,380
I got some scraps.
1276
01:28:13,380 --> 01:28:15,380
I got $30.
1277
01:28:15,380 --> 01:28:17,380
Okay, fine.
1278
01:28:17,380 --> 01:28:19,380
What did you do with it?
1279
01:28:19,380 --> 01:28:21,380
Oh, I sold it.
1280
01:28:21,380 --> 01:28:23,380
Got a stable coin.
1281
01:28:23,380 --> 01:28:25,380
Okay, so you made $30.
1282
01:28:25,380 --> 01:28:27,380
Good for you.
1283
01:28:27,380 --> 01:28:29,380
Is that $30 going to turn into $300?
1284
01:28:29,380 --> 01:28:31,380
What if you made $30 InLeo?
1285
01:28:33,380 --> 01:28:35,380
That $30 could turn into $90.
1286
01:28:35,380 --> 01:28:37,380
Or could turn into $200.
1287
01:28:37,380 --> 01:28:39,380
Or could turn into $300.
1288
01:28:39,380 --> 01:28:41,380
Hell, we're at 2.5 cents.
1289
01:28:41,380 --> 01:28:43,380
Or 14 cents.
1290
01:28:43,380 --> 01:28:45,380
Not long ago.
1291
01:28:47,380 --> 01:28:49,380
But see, that's market action.
1292
01:28:49,380 --> 01:28:51,380
I don't care if the price goes up.
1293
01:28:51,380 --> 01:28:53,380
I care if the value goes up.
1294
01:28:53,380 --> 01:28:55,380
Because ultimately
1295
01:28:55,380 --> 01:28:57,380
the market can't ignore it.
1296
01:28:57,380 --> 01:28:59,380
So if we're doing what Ahmad's doing
1297
01:28:59,380 --> 01:29:01,380
we're building the value of the data
1298
01:29:01,380 --> 01:29:03,380
and we're making the investment
1299
01:29:03,380 --> 01:29:05,380
and we're feeding more into LeoAI
1300
01:29:05,380 --> 01:29:07,380
and then the development team is rolling out
1301
01:29:07,380 --> 01:29:09,380
more AI related products and services
1302
01:29:09,380 --> 01:29:11,380
and features onto Leo.
1303
01:29:11,380 --> 01:29:13,380
Which then creates more data
1304
01:29:13,380 --> 01:29:15,380
and you get in the data feedback loop
1305
01:29:15,380 --> 01:29:17,380
the value is going to escalate.
1306
01:29:19,380 --> 01:29:21,380
Because Leo will be a player.
1307
01:29:21,380 --> 01:29:23,380
Not only within Hive
1308
01:29:23,380 --> 01:29:25,380
but even outside of Hive.
1309
01:29:25,380 --> 01:29:27,380
Now, it's not going to compete with ChatGPT
1310
01:29:27,380 --> 01:29:29,380
it's not going to compete with Claude
1311
01:29:29,380 --> 01:29:31,380
but
1312
01:29:31,380 --> 01:29:33,380
it has something to offer.
1313
01:29:33,380 --> 01:29:35,380
Here is a
1314
01:29:35,380 --> 01:29:37,380
blockchain based
1315
01:29:37,380 --> 01:29:39,380
chatbot.
1316
01:29:39,380 --> 01:29:41,380
Look at that.
1317
01:29:41,380 --> 01:29:43,380
What is Leo?
1318
01:29:43,380 --> 01:29:45,380
It's an AI platform.
1319
01:29:45,380 --> 01:29:47,380
It's a decentralized AI platform.
1320
01:29:47,380 --> 01:29:49,380
It's trained on decentralized public data.
1321
01:29:53,380 --> 01:29:55,380
Think of that marketing angle.
1322
01:29:55,380 --> 01:29:57,380
I also spent
1323
01:29:57,380 --> 01:29:59,380
more than 30 years
1324
01:29:59,380 --> 01:30:01,380
in marketing, sales and marketing.
1325
01:30:01,380 --> 01:30:03,380
It's all about positioning this stuff.
1326
01:30:03,380 --> 01:30:05,380
How is Leo positioned?
1327
01:30:05,380 --> 01:30:07,380
As a social media company
1328
01:30:07,380 --> 01:30:09,380
that's a failure.
1329
01:30:09,380 --> 01:30:11,380
You can't position yourself
1330
01:30:11,380 --> 01:30:13,380
as a social media company.
1331
01:30:17,380 --> 01:30:19,380
You're dealing with
1332
01:30:19,380 --> 01:30:21,380
the Mount Rushmore of social media companies.
1333
01:30:23,380 --> 01:30:25,380
Leo as an AI company.
1334
01:30:25,380 --> 01:30:27,380
Now you have a niche.
1335
01:30:27,380 --> 01:30:29,380
Now you have something that's enormous.
1336
01:30:29,380 --> 01:30:31,380
And now you can build upon.
1337
01:30:31,380 --> 01:30:33,380
And now you know who to target.
1338
01:30:33,380 --> 01:30:35,380
People who are interested in
1339
01:30:35,380 --> 01:30:37,380
AI tools.
1340
01:30:37,380 --> 01:30:39,380
There's going to be
1341
01:30:39,380 --> 01:30:41,380
a lot of them over the next few years.
1342
01:30:43,380 --> 01:30:45,380
And as I said, all the big boys
1343
01:30:45,380 --> 01:30:47,380
are going to try to pull
1344
01:30:47,380 --> 01:30:49,380
from each other.
1345
01:30:49,380 --> 01:30:51,380
YouTube
1346
01:30:51,380 --> 01:30:53,380
is introducing a community
1347
01:30:53,380 --> 01:30:55,380
system to try to steal
1348
01:30:55,380 --> 01:30:57,380
from Discord.
1349
01:30:57,380 --> 01:30:59,380
And keep the people off Discord.
1350
01:30:59,380 --> 01:31:01,380
And I don't blame them.
1351
01:31:01,380 --> 01:31:03,380
X added
1352
01:31:03,380 --> 01:31:05,380
long post.
1353
01:31:05,380 --> 01:31:07,380
Did that affect Medium?
1354
01:31:07,380 --> 01:31:09,380
I don't know, but they wanted that feature.
1355
01:31:09,380 --> 01:31:11,380
X is going to be incorporating
1356
01:31:11,380 --> 01:31:13,380
the payment system.
1357
01:31:13,380 --> 01:31:15,380
They're taking on PayPal.
1358
01:31:15,380 --> 01:31:17,380
This everything app is
1359
01:31:17,380 --> 01:31:19,380
the lines are being blurred.
1360
01:31:19,380 --> 01:31:21,380
And AI is really going to put that
1361
01:31:21,380 --> 01:31:23,380
on the next level.
1362
01:31:23,380 --> 01:31:25,380
And Leo can take advantage of that.
1363
01:31:25,380 --> 01:31:27,380
But it starts with
1364
01:31:27,380 --> 01:31:29,380
the data.
1365
01:31:29,380 --> 01:31:31,380
Crypto people are
1366
01:31:31,380 --> 01:31:33,380
that also hurts to hear
1367
01:31:33,380 --> 01:31:35,380
but I learned how true it is over time.
1368
01:31:35,380 --> 01:31:37,380
It is.
1369
01:31:37,380 --> 01:31:39,380
But I'm not talking about scrapers.
1370
01:31:39,380 --> 01:31:41,380
You know, to use a data term.
1371
01:31:41,380 --> 01:31:43,380
That's all they're doing.
1372
01:31:43,380 --> 01:31:45,380
They're no different than anybody else.
1373
01:31:45,380 --> 01:31:47,380
They're just trying to scrape what they can.
1374
01:31:47,380 --> 01:31:49,380
You think most of those people
1375
01:31:49,380 --> 01:31:51,380
who are on Leo, who are on Telegram,
1376
01:31:51,380 --> 01:31:53,380
doing all this crap they're doing on Telegram,
1377
01:31:53,380 --> 01:31:55,380
do they give a crap?
1378
01:31:55,380 --> 01:31:57,380
Do they give anything about any of the games
1379
01:31:57,380 --> 01:31:59,380
that they are involved in?
1380
01:31:59,380 --> 01:32:01,380
Do they care about supporting any of that?
1381
01:32:01,380 --> 01:32:03,380
No.
1382
01:32:03,380 --> 01:32:05,380
They're just there. What can I get out of it?
1383
01:32:05,380 --> 01:32:07,380
As soon as you give me something, I'm going to take it and I'm going to dump it.
1384
01:32:07,380 --> 01:32:09,380
Now,
1385
01:32:09,380 --> 01:32:11,380
I'm not saying that's necessarily a bad thing
1386
01:32:11,380 --> 01:32:13,380
because I don't know first hand
1387
01:32:13,380 --> 01:32:15,380
but I guarantee you a lot of that stuff on Telegram
1388
01:32:15,380 --> 01:32:17,380
is probably crap to begin with.
1389
01:32:17,380 --> 01:32:19,380
Scams and all kinds of wacky shit.
1390
01:32:19,380 --> 01:32:21,380
So, you know,
1391
01:32:21,380 --> 01:32:23,380
what you can and sell out because
1392
01:32:23,380 --> 01:32:25,380
holding that more than three minutes
1393
01:32:25,380 --> 01:32:27,380
may not be in your best interest.
1394
01:32:27,380 --> 01:32:29,380
So I understand that.
1395
01:32:29,380 --> 01:32:31,380
But let's look at the person.
1396
01:32:31,380 --> 01:32:33,380
Are they building anything?
1397
01:32:33,380 --> 01:32:35,380
Are they even supporting anything
1398
01:32:35,380 --> 01:32:37,380
with the intention of being built? No.
1399
01:32:37,380 --> 01:32:39,380
They're not.
1400
01:32:39,380 --> 01:32:41,380
MoreTea,
1401
01:32:41,380 --> 01:32:43,380
who the fuck is Jim Cramer?
1402
01:32:43,380 --> 01:32:45,380
He's probably
1403
01:32:45,380 --> 01:32:47,380
people say he's the best contrarian indicator.
1404
01:32:47,380 --> 01:32:49,380
If he says sell, sell, sell,
1405
01:32:49,380 --> 01:32:51,380
go buy.
1406
01:32:57,380 --> 01:32:59,380
Brando,
1407
01:32:59,380 --> 01:33:01,380
I'm not saying don't look outside the hot bubble
1408
01:33:01,380 --> 01:33:03,380
but they have tens of millions of years.
1409
01:33:03,380 --> 01:33:05,380
But they don't have owners.
1410
01:33:05,380 --> 01:33:07,380
So, again,
1411
01:33:07,380 --> 01:33:09,380
you're still trying to deal
1412
01:33:09,380 --> 01:33:11,380
with the crypto thing.
1413
01:33:11,380 --> 01:33:13,380
And I'm sorry to disagree with you but
1414
01:33:13,380 --> 01:33:15,380
the proof's in the pudding.
1415
01:33:15,380 --> 01:33:17,380
They can have
1416
01:33:17,380 --> 01:33:19,380
millions of users. Wonderful.
1417
01:33:19,380 --> 01:33:21,380
What happens
1418
01:33:21,380 --> 01:33:23,380
when all of a sudden
1419
01:33:23,380 --> 01:33:25,380
the next hot game fizzles out?
1420
01:33:27,380 --> 01:33:29,380
And we've had people on Telegram.
1421
01:33:29,380 --> 01:33:31,380
We've had people on X.
1422
01:33:31,380 --> 01:33:33,380
We've had people where crypto people are.
1423
01:33:33,380 --> 01:33:35,380
How come they're not here?
1424
01:33:37,380 --> 01:33:39,380
You know,
1425
01:33:39,380 --> 01:33:41,380
it's just another form of bribery.
1426
01:33:41,380 --> 01:33:43,380
That's all it is.
1427
01:33:43,380 --> 01:33:45,380
Give it to them and that's all they do.
1428
01:33:49,380 --> 01:33:51,380
We're talking about earnings on
1429
01:33:51,380 --> 01:33:53,380
Hyvenly on the other thing giving us
1430
01:33:53,380 --> 01:33:55,380
the edge on X.
1431
01:33:55,380 --> 01:33:57,380
And at the same time we don't want crypto people here.
1432
01:33:57,380 --> 01:33:59,380
No, Brando, I didn't say that's the only thing that gives us
1433
01:33:59,380 --> 01:34:01,380
an edge on X.
1434
01:34:01,380 --> 01:34:03,380
It's called ownership.
1435
01:34:03,380 --> 01:34:05,380
You don't own shit on X.
1436
01:34:05,380 --> 01:34:07,380
You do not own on X. You don't own
1437
01:34:07,380 --> 01:34:09,380
any part of X. You can't get any part of X.
1438
01:34:09,380 --> 01:34:11,380
At least with Meta you could go buy
1439
01:34:11,380 --> 01:34:13,380
the stock. But you don't own shit on it.
1440
01:34:13,380 --> 01:34:15,380
The data that you provide
1441
01:34:15,380 --> 01:34:17,380
to X is not public.
1442
01:34:17,380 --> 01:34:19,380
It is Elon's.
1443
01:34:19,380 --> 01:34:21,380
You provide data to Meta, it is Meta.
1444
01:34:23,380 --> 01:34:25,380
It does not belong to humanity.
1445
01:34:25,380 --> 01:34:27,380
They control it. They own it.
1446
01:34:27,380 --> 01:34:29,380
You can't see it. In fact,
1447
01:34:29,380 --> 01:34:31,380
if they don't want you to, you can't even access it.
1448
01:34:35,380 --> 01:34:37,380
So you've owned
1449
01:34:37,380 --> 01:34:39,380
zero on Meta.
1450
01:34:39,380 --> 01:34:41,380
You own a piece of Hive
1451
01:34:41,380 --> 01:34:43,380
if you have any Hive.
1452
01:34:43,380 --> 01:34:45,380
You own a piece of Leo
1453
01:34:45,380 --> 01:34:47,380
if you have any Leo.
1454
01:34:47,380 --> 01:34:49,380
You can have input into Leo.
1455
01:34:49,380 --> 01:34:51,380
You can input into the Hive database
1456
01:34:51,380 --> 01:34:53,380
whatever you want.
1457
01:34:53,380 --> 01:34:55,380
And it's public.
1458
01:34:55,380 --> 01:34:57,380
Anybody can use it.
1459
01:35:01,380 --> 01:35:03,380
And you sit here and say,
1460
01:35:03,380 --> 01:35:05,380
we don't want crypto people.
1461
01:35:05,380 --> 01:35:07,380
People who own crypto and crypto people
1462
01:35:07,380 --> 01:35:09,380
are two different things.
1463
01:35:11,380 --> 01:35:13,380
It's that plain and simple.
1464
01:35:13,380 --> 01:35:15,380
We know what crypto people are.
1465
01:35:15,380 --> 01:35:17,380
We've seen them for years
1466
01:35:17,380 --> 01:35:19,380
if you've been around.
1467
01:35:19,380 --> 01:35:21,380
They build nothing.
1468
01:35:21,380 --> 01:35:23,380
There's people here.
1469
01:35:23,380 --> 01:35:25,380
I don't know if Ahmad would consider himself a crypto person.
1470
01:35:25,380 --> 01:35:27,380
But I've seen Ahmad building.
1471
01:35:27,380 --> 01:35:29,380
I've seen him doing things.
1472
01:35:29,380 --> 01:35:31,380
I've seen him doing things over the last two weeks.
1473
01:35:31,380 --> 01:35:33,380
Trying to add.
1474
01:35:33,380 --> 01:35:35,380
Trying to help out.
1475
01:35:35,380 --> 01:35:37,380
I have no idea what's in his wallet.
1476
01:35:37,380 --> 01:35:39,380
I don't know what crypto he has.
1477
01:35:39,380 --> 01:35:41,380
But he's involved.
1478
01:35:41,380 --> 01:35:43,380
Is he a crypto person?
1479
01:35:43,380 --> 01:35:45,380
Or is he a Web3 person?
1480
01:35:45,380 --> 01:35:47,380
Or is he an owner?
1481
01:35:51,380 --> 01:35:53,380
Again,
1482
01:35:53,380 --> 01:35:55,380
just going after crypto people,
1483
01:35:55,380 --> 01:35:57,380
they do not add any value.
1484
01:35:57,380 --> 01:35:59,380
They don't add any value.
1485
01:35:59,380 --> 01:36:01,380
They show up and they leave.
1486
01:36:01,380 --> 01:36:03,380
We've seen it for years on Hive.
1487
01:36:07,380 --> 01:36:09,380
Ahmad summed it up.
1488
01:36:13,380 --> 01:36:15,380
Bradley Arrow in his
1489
01:36:15,380 --> 01:36:17,380
infinite ways.
1490
01:36:17,380 --> 01:36:19,380
You look at yourself, your brand,
1491
01:36:19,380 --> 01:36:21,380
you work your fracking ass off.
1492
01:36:21,380 --> 01:36:23,380
Show up every day, engage as much as you can.
1493
01:36:23,380 --> 01:36:25,380
Then the income will come.
1494
01:36:25,380 --> 01:36:27,380
Most people get it ass
1495
01:36:27,380 --> 01:36:29,380
backwards.
1496
01:36:29,380 --> 01:36:31,380
Walter J with Kramer
1497
01:36:31,380 --> 01:36:33,380
buy, buy, buy.
1498
01:36:33,380 --> 01:36:35,380
Yep.
1499
01:36:35,380 --> 01:36:37,380
When he says buy, buy, buy,
1500
01:36:37,380 --> 01:36:39,380
you're probably better off
1501
01:36:39,380 --> 01:36:41,380
selling, sell, sell.
1502
01:36:41,380 --> 01:36:43,380
What we're dealing with here,
1503
01:36:43,380 --> 01:36:45,380
people,
1504
01:36:45,380 --> 01:36:47,380
go back to the original discussion
1505
01:36:47,380 --> 01:36:49,380
about data.
1506
01:36:49,380 --> 01:36:51,380
About tokens.
1507
01:36:51,380 --> 01:36:53,380
You create your own tokens.
1508
01:36:53,380 --> 01:36:55,380
And I don't mean in a crypto sense.
1509
01:36:55,380 --> 01:36:57,380
Again, we're talking in the data science sense.
1510
01:36:57,380 --> 01:36:59,380
You create
1511
01:36:59,380 --> 01:37:01,380
your own tokens.
1512
01:37:01,380 --> 01:37:03,380
We create tokens on Leo.
1513
01:37:03,380 --> 01:37:05,380
Every time we put up text data,
1514
01:37:05,380 --> 01:37:07,380
we create tokens.
1515
01:37:07,380 --> 01:37:09,380
Whether it's a blog post,
1516
01:37:09,380 --> 01:37:11,380
whether it's a comment,
1517
01:37:11,380 --> 01:37:13,380
all are valid.
1518
01:37:13,380 --> 01:37:15,380
Whether you're
1519
01:37:15,380 --> 01:37:17,380
engaging with
1520
01:37:17,380 --> 01:37:19,380
some synthetic data
1521
01:37:19,380 --> 01:37:21,380
like what Ahmad
1522
01:37:21,380 --> 01:37:23,380
posted,
1523
01:37:23,380 --> 01:37:25,380
or you're dealing with
1524
01:37:25,380 --> 01:37:27,380
one of my threads or
1525
01:37:27,380 --> 01:37:29,380
Mordy's threads or
1526
01:37:29,380 --> 01:37:31,380
whatever.
1527
01:37:31,380 --> 01:37:33,380
Anybody's threads you're dealing with,
1528
01:37:33,380 --> 01:37:35,380
you're providing
1529
01:37:35,380 --> 01:37:37,380
data. You're providing tokens.
1530
01:37:37,380 --> 01:37:39,380
The more tokens
1531
01:37:39,380 --> 01:37:41,380
that Leo has,
1532
01:37:41,380 --> 01:37:43,380
the more valuable
1533
01:37:43,380 --> 01:37:45,380
it will be. Why?
1534
01:37:45,380 --> 01:37:47,380
Because Leo is
1535
01:37:47,380 --> 01:37:49,380
using the data.
1536
01:37:49,380 --> 01:37:51,380
It's training a model
1537
01:37:51,380 --> 01:37:53,380
based upon the data.
1538
01:37:53,380 --> 01:37:55,380
The first part of this
1539
01:37:55,380 --> 01:37:57,380
data feedback system
1540
01:37:57,380 --> 01:37:59,380
is getting the data.
1541
01:37:59,380 --> 01:38:01,380
OpenAI had to
1542
01:38:01,380 --> 01:38:03,380
go scrape it.
1543
01:38:03,380 --> 01:38:05,380
Leo created it.
1544
01:38:05,380 --> 01:38:07,380
And we can keep creating it.
1545
01:38:07,380 --> 01:38:09,380
And part of what Bradley was
1546
01:38:09,380 --> 01:38:11,380
saying with your brand,
1547
01:38:11,380 --> 01:38:13,380
whatever you
1548
01:38:13,380 --> 01:38:15,380
desire, whatever you're interested in,
1549
01:38:15,380 --> 01:38:17,380
whatever you like,
1550
01:38:17,380 --> 01:38:19,380
post about that. If you're
1551
01:38:19,380 --> 01:38:21,380
into sports and you love EPL
1552
01:38:21,380 --> 01:38:23,380
and you love, I don't know,
1553
01:38:23,380 --> 01:38:25,380
Man City,
1554
01:38:25,380 --> 01:38:27,380
post about it. Write about it.
1555
01:38:27,380 --> 01:38:29,380
Thread about it. Talk about it.
1556
01:38:31,380 --> 01:38:33,380
Put in stats about it.
1557
01:38:33,380 --> 01:38:35,380
Post the scores. All that
1558
01:38:35,380 --> 01:38:37,380
stuff. Anytime you post a score,
1559
01:38:37,380 --> 01:38:39,380
it's timestamped on the Hive Blockchain.
1560
01:38:39,380 --> 01:38:41,380
And again,
1561
01:38:41,380 --> 01:38:43,380
this has to be in the text. Don't put up
1562
01:38:43,380 --> 01:38:45,380
an image that you
1563
01:38:45,380 --> 01:38:47,380
grabbed from somewhere else because
1564
01:38:47,380 --> 01:38:49,380
that's not on the Hive Blockchain.
1565
01:38:49,380 --> 01:38:51,380
But you put the text on there. It's in there.
1566
01:38:51,380 --> 01:38:53,380
Now what happens
1567
01:38:53,380 --> 01:38:55,380
if LeoAI was out and says,
1568
01:38:55,380 --> 01:38:57,380
Hey, what was the score of last night's Man City?
1569
01:38:57,380 --> 01:38:59,380
Oh, it was 5-2.
1570
01:39:03,380 --> 01:39:05,380
That's what
1571
01:39:05,380 --> 01:39:07,380
it does. It increases the utility.
1572
01:39:11,380 --> 01:39:13,380
Another thing, people
1573
01:39:13,380 --> 01:39:15,380
who are in the Hive for a long time are
1574
01:39:15,380 --> 01:39:17,380
trained to eat as much as they can from the
1575
01:39:17,380 --> 01:39:19,380
project until it dies.
1576
01:39:19,380 --> 01:39:21,380
I can't even say it's their fault. Most of the projects
1577
01:39:21,380 --> 01:39:23,380
die in a few months. The fact Hive
1578
01:39:23,380 --> 01:39:25,380
lasted until today is an exception, not
1579
01:39:25,380 --> 01:39:27,380
a rule. Yeah, and you know,
1580
01:39:27,380 --> 01:39:29,380
that's not crypto. That's technology.
1581
01:39:29,380 --> 01:39:31,380
I mean, the realistic part of
1582
01:39:31,380 --> 01:39:33,380
technology startups is most of them
1583
01:39:33,380 --> 01:39:35,380
fail. And most of them
1584
01:39:35,380 --> 01:39:37,380
fail in a rather short period of time.
1585
01:39:37,380 --> 01:39:39,380
It's very, very difficult to get
1586
01:39:39,380 --> 01:39:41,380
all these pieces together. And that's
1587
01:39:41,380 --> 01:39:43,380
where a lot of
1588
01:39:43,380 --> 01:39:45,380
basic stick-to-itiveness
1589
01:39:45,380 --> 01:39:47,380
comes in and that
1590
01:39:47,380 --> 01:39:49,380
consistency. And having those dedicated
1591
01:39:49,380 --> 01:39:51,380
people who show up each and every
1592
01:39:51,380 --> 01:39:53,380
day and keep grinding.
1593
01:39:53,380 --> 01:39:55,380
And odd to its crypto,
1594
01:39:55,380 --> 01:39:57,380
there are people
1595
01:39:57,380 --> 01:39:59,380
who are grinding.
1596
01:39:59,380 --> 01:40:01,380
Both on the developer side
1597
01:40:01,380 --> 01:40:03,380
and on the
1598
01:40:03,380 --> 01:40:05,380
community side.
1599
01:40:05,380 --> 01:40:07,380
And you see them. They show
1600
01:40:07,380 --> 01:40:09,380
up. They write their posts each day. They
1601
01:40:09,380 --> 01:40:11,380
comment. They're involved in threads.
1602
01:40:11,380 --> 01:40:13,380
They're upvoting. They're doing
1603
01:40:13,380 --> 01:40:15,380
different things to try to
1604
01:40:15,380 --> 01:40:17,380
keep pushing
1605
01:40:17,380 --> 01:40:19,380
along.
1606
01:40:19,380 --> 01:40:21,380
And that's a good
RE: Lion’s Den – September 20, 2024 [Full Episode w/ Subtitles & Transcript]