Indexed by the Research DeskTranscript AI-assisted from the recordingNot investment advice
Key points
- AI is driving an age of empowerment and abundance, solving complex problems across industries.
- Digital gold (Bitcoin) is superior to physical gold, especially in the 21st century.
- Privacy-focused tokens will be the standout performers in the next crypto cycle.
- Bitcoin is losing its "sex appeal" for younger generations, who are drawn to more "youthful" projects like Solana.
- Meme culture is a powerful force in crypto adoption, which Solana has embraced effectively.
- Financial literacy is crucial to navigate the centralized financial system and avoid debt traps.
- AI and crypto offer a generational opportunity to build wealth and challenge traditional finance.
Transcript
Show the full transcript (7 segments, 19,430 words)
[Part 1 of 6] [00:00] worth of digital credit this year. And the most successful IPO of the year was stretch. It's STRC. It was two and a half billion dollars. I couldn't have done any of it without AI. If if we had not had AI, we would be $8 billion less. We five IPOs, none of them would have happened because I used AI to design the securities and solve all the tax problems and all the securities law issues. You know, so I like I'm a big believer in using AI to design new things. And look, I'm just I I focus upon digital credit and security, but there's someone there thinking about how to make the car drive and cure cancer and like like aren't there like 100 million problems the human race has to solve that we've that you're like, well, you're going to need a thousand people with PhD to solve that. Well, guess what? Now every 16-year-old has a thousand PhDs at their fingertips. And so I'm very bullish, the world's going to be a much better place and and we're going to see an age of empowerment and abundance because of digital technology. [01:09] People are greedy when they also try to acquire gold. Not really. I mean, people who buy gold are trying to preserve. I'm talking about greedy centuries. We have centuries of people being greedy to go ahead and acquire gold. Well, no, well, you're talking about to acquire wealth. Yes, people are greedy in that they want they want more things and there's nothing wrong with that. But when they're converting what they've earned into gold, that's not the greed part. That's the preservation part. I I I've I've earned all this money because I was greedy. Now I don't want to lose it. I want to store it so I can use it later. I don't want to blow it all right now. I want to hold on to it. And, you know, gold is a way to do that. You can't really do that in a fiat currency that's just being printed, you know, into oblivion. So, uh, but but but, you know, the the greed is in the speculative frenzy that accompanies Bitcoin. [02:02] They tell me that I'm the reason they own Bitcoin because they listen to me years ago about economics, about sound money and and and the Fed and inflation. And I'm the one that got them. Plus there's a lot of technology in Midnight that's going to make the use of Cardano safer. Like Midnight passport will be the fastest, safest and easiest way to use Cardano. So, we gain all the usability enhancements. Plus I'd argue Midnight is an essential component for Bitcoin. Bitcoin. When you look at that side of it, you're like, okay, Bitcoin users, they want privacy. So, Cardano could do a lot of the heavy lifting on the programming side, but what if the private coordination layer is just for all that? So, we're actually working on this program, our Bitcoin D5 setup, where we call it the the circle. So, you start with Bitcoin with Taproot. I'm going to put 50 Bitcoin of my own money into this. This is free Bitcoin. But you start with Taproot and Bitcoin. You lend it to a stable coin. So, that'll occur off Cardano through a specialized transaction through the bridge. And then that stable coin would then be deployed into a yield bearing instrument. And then as you make the yield, the yield is converted to Bitcoin. And then it's sent to your Taproot. And then Midnight coordinates all of it with privacy. So, you you have like all three networks working together, and you have this circle, and then from the Bitcoin user's perspective, it just gives them a button. Make money. Click the button. And then it locks their Bitcoin, they just start generating a yield. This security actually enters the Taproot on the Bitcoin network. So, it meets my three rules that I have for Bitcoin D5. One, there's only Bitcoin. The other thing is Bitcoin, Litecoin is better money than than fiat, obviously. Also better money than gold. I I think it's I believe it's the best form of money that um humans have ever come across. Right? Money being good means that it's um it's inflation proof, right? No one, no single person, company or or government can print more money, right? Can't print money and inflate away the money you're holding. Uh, your storing, right? That's kind of one of the key things about money is if you work hard and you make money, you don't want that money to kind of disappear over time, not from your own doing. Right? So, that's that's key and Bitcoin and Litecoin and uh most cryptocurrencies um is able to to do that. [04:22] I could have the argument that real estate's better than Bitcoin. For a number of reasons, by the way, depending on who you are. Um, your audience could probably disagree because they're probably a bunch of, you know, Bitcoin maximalists. They don't have as much Bitcoin as the real estate guy, by the way. [04:39] No, I I'll tell you right now, hold on one second. See, that's the funny thing, dude. That me and my brother were talking about this yesterday. You know, the guys that know the most seem to have the least. [04:51] 100%. That that I can probably agree with you on. It should be a bigger issue within the crypto system and the ecosystem. What do you think? [05:00] I think it will be. I think privacy is going to be the new if you want to in my view, and this is what I'm tasking the investment professionals at Mailstrom to sort of figure out. I think that the stand out shitcoin or, you know, few shitcoins of 2026 to 2028 will be related in some way, shape or form to privacy. We already saw the, you know, amazing move of Zcash over the last few months. Yes, it's down 50% from the 780 high, but I think again, my goal is, you know, my mental model is 10 to 20% of the value of Bitcoin. That's Zcash. Um and so, so much higher than where it is today. But, you know, you know, taking away Zcash, what is the token project or protocol that's going to utilize some privacy technology, probably something like ZK, zero knowledge proofs, to do something whether that's quantum resistant, you know, the overlords can't deanonymize their data or, you know, see what they're doing, whatever it is, right? These are the things that we're latently afraid of of of what bad things that could happen with this proliferation of Big Tech, Big Government and [06:10] Donald Trump getting elected and knowing that we share friends in the White House for all the populist parties of Europe who are under attack. Every single populist leader, if you look at the leaders, and my last documentary was called Silence. I got 18 months in prison for my last documentary. The reason I aired it was because the documentary was so bigger than me. It's exactly what they do in Norway has been waged against. If you go through, I'll pick any. Pick Gert Wilders, the leader of the Dutch party. Pick Marine Le Pen. Any politician in Europe, yeah? Anyone, pick anyone who has stood up and tried to speak against immigration, and you will see a history. Matteo Salvini, I was with him two days ago, the the Deputy Prime Minister of of of Italy, was prosecuted in 2020. They said he can't because he stopped the boat. He was prosecuted in 2021. He was in charge of the Covid. The process is the punishment. Every political leader who's tried to step up was charged. You saw what they done to Bannon. You saw what they done to Stone. You saw what they're trying to do to Trump. That's happening across the board. They're of their. [07:14] the tearing state. But I think it's probably because you're elected on on very often this amount of future. More it's not because we're not in church. We're similar. The public are ready. The public are awake. [07:27] So the other thing about it here is there's a lot of people that are going to, you know, it's going to have a huge impact in the 2022 collection. There are certain races that were absolutely going to be lost that are still in play because there's no money coming in. And that keeps things like the Cardano Alive, which has been changed a lot. I've had many conversations to try to get it into a better shape and hopefully September 15th will actually be able to get it up and live. They had a lot of problems getting it here, but they actually did. There's over 200 pages of adjustments, clarifications and other things. I don't think anybody realizes how much work's gone into it. I talked to Charles God. I said, is there anything for terrible? He says, you know, we worked on this three times longer than Obama worked on this. And that we have a response to 2008 financial crisis. [08:12] politics and we need to get crypto and our industry out of these partisan debates, out of these partisan issues. It's really not healthy to treat any technology as some kind of political pawn. This isn't about Republicans, this isn't about Democrats. This is about freedom, this is about giving people access to their assets online. This is about being able to transact globally without an intermediary. This is about the economy of self-innovation. This is about future finance. This isn't about Redford versus Blue. We really need to get out of that. have been very negative on Bitcoin and crypto, both in public statements calling it rat poison 2.0 or pet rocks or, you know, you know, name your name your funny name. Now these same institutions have now understood that Bitcoin is not a fad. This is here to stay and oh, we need to get a piece of the pie as well because that's if I had a genie and three wishes that I could make gold better, my first wish would be shrink the supply to 21 million coins and make it illegal to make it more. And my second wish would be make it invisible and teleportable and indestructible. And let me carry as much gold, you know, in my pocket as I possibly can. And my third wish would be make it programmable so a billion AIs can teleport it and transform it a million times a minute so that I can put it on a, you know, a billion computers and and have it have it get traded back and forth 37,000 times while I'm sleeping, right? And I would think digital gold as I just described it's got to be better and more valuable than physical gold and especially in the 21st century when you're looking at 10 billion computers and 10 billion AIs and 10 billion mobile devices and, you know, you never teleporting an ounce of gold on an iPhone. So, I just think it's digital gold. It's got to be 10x to 100x better than gold. [10:08] [Silence] [10:59] [Silence] [11:08] What first got you excited about blockchains? Think about it. Oh wait. I bet it wasn't multi-million dollar hacks, exposed data, or finding somewhere safe to store your seed phrase. Was it? Maybe it was the idea of decentralizing a broken financial system. Maybe it was imagining a world where people own their own data and get to sharing the value it creates. Or maybe it was the promise of a fundamentally better way of connecting, communicating, and transacting. The next phase of the internet that empowers us instead of exploiting us. So, why hasn't it happened yet? Why are we still living with the same broken system that blockchain was promised to fix? It's because blockchains can't keep a secret. Enabling open transparent systems was only the first half of the challenge. For blockchains to really change the world, they also have to be able to protect our sensitive data when it matters. And that's why we build Midnight to bring down the final barrier to mass adoption and unlock the full potential of the decentralized web. Let's build the internet we deserve. Together. [12:28] Ladies and gentlemen, we all know this in crypto, ownership matters. That's why Cake Wallet. Cake Wallet gives you full control of your digital assets, all in one easy to use application. You can store Bitcoin, Litecoin, Zcash, Monero, and many more with just one secure backup. Swap between coins in seconds, no copying addresses, no complicated steps, and even includes Bitcoin Lightning for faster payments. And with Cake Wallet built in, you can use crypto in real life through debit cards or gift cards. Simple, secure, self-custody. Download Cake Wallet and take control of your crypto. [13:07] [Silence] [13:11] This is Houston. T minus one minute until full data blackout. All eyes are on you. Breaking news. There's an astronaut conducting an emergency repair on a global communication satellite that could go dark at any moment. We have a second angle on this. Is that guy on FOMO? Oh, let's get back to it everybody. Opportunity has. It's simply this. Every position you take is a position you choose over something else. This just in. According to the astronaut, FOMO is now the highest in the room. The satellite has been restored. For now, the crisis appears to be over. Satellite's up and running. Positions looking good too. [14:55] There we go. United States of America representing social omnism does not work. Digital assets. Is it better to move money at the speed of light through? People are greedy when they also try to acquire gold. I am here providing electricity and that energy that is necessary. I am the modern day Tony Stark. [15:25] There we go. United States of America representing social omnism does not work. Digital assets. Is it better to move money at the speed of light through? People are greedy when they also try to acquire gold. I am here providing electricity and that energy that is necessary. I am the modern day Tony Stark. We've issued Press the wrong button, but I'm here. Started from the bottom, but I'm here. What's going on, ladies and gentlemen? Thank you very much for tuning in. Tuning into episode 799. That's right. 799 episodes of the breakdown. That's the official number. Unofficially, a lot, a lot, way more episodes than this. Been doing this for 10 years. This is crazy, man. 10 plus years. And here we are at episode 799. Welcome the title sponsor Midnight. Shout out to Midnight. Midnight is a token. The chilling. The probably going to be the talk of the town. Shout out to Midnight. By the way, keep sleeping on Midnight. Crazy work. Also, Polymarket, the official prediction market sponsor of the breakdown. You can click on the link if you haven't signed up to Polymarket. You haven't downloaded the application. Sign up using the breakdown. That's right. Using this, ladies and gentlemen, sign up using the code breakdown and get $25 free. Who doesn't want $25? Now, I know a lot of you guys have already signed up, but I'm just saying, $25 for signing up. If you haven't signed up, $25 if you put in the code breakdown. Also, click on the link for more. Or for an easier time to go ahead and just fucking sign up. You also have Cake Wallet. Cake Wallet is one of the most secure wallets that we have in this space. If you want to secure your Bitcoin, Litecoin, Zcash, or Monero, if you want to feel safe while holding it, go ahead and download Cake Wallet. That's right. Download Cake Wallet. FOMO. FOMO is an application, social fi application where you can see your favorite traders trade. That's right. You can see your favorite traders trade. Favorite favors, favorite favors, favorite traders trade. You can see your favorite traders trade and write thesis on why on why they are currently in whatever meme or asset that they're in. You can read why they're in it to begin with. All right. Episode 799. I almost pressed the sound effects button. Almost did. Almost did. And by the way, nothing in this show is financial advice. Seek out a financial advisor if you need if you think you need whatever. I'm not a financial advisor. Seek out a financial advisor to see if investing is right for you. There you go. Boom. I got to get the whole layout here working so I don't got to say that. Not a financial advisor to begin with, so I don't got to say that. I'm a market participant just like everybody else, so I don't got to say that. Um, All right, today. Today. And by the way, we got stay tuned this month. We got some interesting people coming on. Stay tuned. We got some notable, notable people coming on. Stay tuned. We'll have some really good comps. We had Grant Cardone on Monday. We had Peter Schiff who I think I practically convinced into buying a Bitcoin. I don't know. I'm just saying. I'm just saying. But we'll talk about crypto and stocks today and uh, you know, where does your next dollar go? Kind of thing. That that's that's kind of what I want to talk about. Um, you know, Bitcoin did fall under $84,000 overnight with roughly over $547 million in crypto liquidations reported this morning. Stocks also opened lower as Treasury yield rose. So, I want to ask the audience if you had $10,000 in fresh capital, how would you divide it amongst crypto, stocks and cash? An interesting question to ask you guys. What would you do? What would you do with $10,000 of fresh cash? Would you go all crypto, stocks, or would you keep some in cash? It's really something to think about. Crypto versus, you know, the stock market. Stocks have gone Listen, the stock market has had a tremendous run. Crypto's been in the bear and it's slowly coming out. Like I've said, this is a pre-bull market right now. There's still no liquidity here. I don't I don't know what when people say, oh, we're in a bull market. You know, I listen, I read and I listen to some some of these shows for a few seconds. People are like, we're in a bull market. We're in a full-blown bull market. You want to say Bitcoin's uh, you know, rising and stuff like that. I I I can fuck with it. But when you say we are in a full-blown bull market, that would mean that we have trillions of trillions of dollars pouring in to crypto and that's not what's happening. That is absolutely not what's happening. You you have rotation of old money. Old money that has been here for the longest time is is just a rotation of the same $100,000 that's been in this space since 2000, let's say 2016. It's rotating and rotating and rotating. You you are at the blackjack table. That's all that you're at the blackjack table. And you're hoping it's your turn to hold that dirty ass money. I'm keeping it a buck. Keeping it a buck. That's why I wanted to ask that if you had $10,000, if you had $10,000, are you going all crypto? Are you going to diversify a little bit, go into the stock market? And are you how much in cash are you going to hold? Um, and if you couldn't touch the money for three years, are you choosing Bitcoin or the S&P 500? If you couldn't touch your money for the next three years, you couldn't touch your money for the next three years. Would you be going Bitcoin or would you be going S&P 500? I'm going to work your minds today. I want you all to think today. I want you to sit back and think about where you're putting your money. What you're currently in, your positions that you're in, your portfolio, where is it directed? Think about it. Think about that. Bullish sentiment is here. And I will keep repeating that. Bullish sentiment is here. But the chart has not flipped bullish. The charts are still bearish. Ask anybody that knows how to read a chart, it's still bearish. Bitcoin has repeatedly tried to go over the $87,000 mark. But there has been weaker demand in ETFs compared to September's strong inflows. I know. Nobody likes facts and nobody likes numbers. Nobody even likes to listen. A lot of people come to their own conclusions. A lot of people come to their own conclusions. But yet, people just hate facts. People hate numbers and people hate facts, but those are the things that do not lie. People lie, numbers don't. It's one thing that I've always talked about. Now, what exactly do we need to see before the charts turn bullish? What exactly do we need to see? Like these are these are the questions that you need to be involved in, your circle needs to be involved in. You need to find people talking about these particular things about the markets. Now, people ask me, what would actually change your mind about the market? And it would be easy. I become super bullish once I see the chart grow bullish. It's not bullish, it's bearish. Still in the bear. Still in the bear. You would think I'm Landy today. I see blue collar in the comments. And I see a lot of people in the comments from TikTok. Also, I spoke to TikTok today about what's been recently happening with my ads playing. And they and they're saying that it's an algorithm problem and they they will try to help fix it, but I don't believe them. They've been saying that for a long time. But Blue Collar says, he says something that's very interesting, which is Bitcoin isn't very sexy anymore. This is a conversation that I have a lot with a lot of people where people say, you know, the older crowd, I would say the people, I guess in my age bracket, I don't consider myself old, but people in my age bracket, we we know what Bitcoin is. We understand Bitcoin. We we understand what kind of asset it is. It is a generational asset. Without Bitcoin, we aren't here discussing digital assets. Bitcoin is the Godfather of crypto. We we get it. We understand. I think anybody understands that. And if you don't, you need to learn up on it. I got books about Bitcoin.
[Part 2 of 6] [00:01] I read books about Bitcoin. I read books about digital assets in general. I read books about the stock market. [00:07] Economics. I I just like reading books. I know a lot of you guys don't read. I like to read. [00:15] But then you sit back and you have to say this. Right now, and I think this happened, I think, I think this started happening the the the the whole Bitcoin isn't sexy to me anymore. I think it started happening around 2023. [00:36] 2023, 24-ish. I think that's when I personally, if you rewind my shows, I would encourage people to rewind the breakdown. And at that time, I think I had AJ as a a guest co-host on the show. He was a co-host there and I used to tell him like, you know what, Bitcoin is running, I feel nothing. Like I have it, but I feel nothing. Like I don't feel I don't feel what I felt in 16, 17. I don't even feel what I felt in 2021. I I I don't know what it is. I I don't feel it. [01:20] There's something lacking. It feels more like it really does feel like a banker's coin. It feels like a it's gone corporate. That's what it feels like. [01:34] And and the Cypher the Cypherpunk the Cypherpunk soul in Bitcoin has slowly disappeared. That that's how I feel. Again, these are my feelings and and others can feel differently. [01:50] And everybody has an opinion. And everybody's entitled to it, right? America, great. You can go ahead and say whatever you want as long as you don't you know, cross the line. But if you if you think about it, Bitcoin is not as attractive as it used to be. [02:10] That's not to say that you shouldn't have Bitcoin, but if you are in your 20s and you are now coming into this space, I'm I'm giving you I'm giving you the whole if you're in your 20s and you're now coming into this space, I don't know how exciting Bitcoin is, even though you should have Bitcoin. But how exciting can it be when you have a bunch of old men? And let's get listen, I'm I get myself into trouble when I talk like this, but it is what it is. This is reality and these are the way this is the only way that I can go ahead and make your imagine go wild when I go ahead and break down Bitcoin. When you when you see a bunch of old men fighting over furniture in a Bitcoin room, I don't know how exciting that is. But then you go into a Solana room, you go into a Solana room where they're talking about things being built on Solana and you have a youthful atmosphere, which kind of could remind you of what it was like when Bitcoin was around. [03:16] And and people are just like, okay, I'd rather be here. Number one. Number two, I'm going to get way more access and maybe just maybe Solana is the new Bitcoin for the new generation. Take my words and don't misconstrue them. Listen carefully to what I'm saying. I didn't say Solana is going to replace Bitcoin. I am saying that Bitcoin is no longer youthful. For the younger generation, they look at it as a boomer coin. And it's and for some of us, it's gone corporate. [03:52] Now, again, if you're holding Bitcoin, it doesn't matter if it's gone corporate, lost its soul, whatever. Some of us some people don't even give a shit. It's just number go up. Peter Schiff was on yesterday. He said he would have gone into Bitcoin and he would have sold at 100,000. Some people are in Bitcoin to make a profit. God bless you. A lot of people come into the crypto industry to make a profit. God bless you. Anybody who tells you they're not here for profit is lying. [04:21] At some point, you want to make gains. So anybody who's telling you that they're not here for the gains, they're here for the culture is lying. You could be here for both. [04:32] You can absolutely be here for both. You could be here for gains, and you could be here for the culture, and you could be here to build. You could be here for a lot of things, but do not leave out the gains equation. [04:47] So that brings me to Solana. Solana is sexier. It is cheaper in the eyes when somebody comes into the space and they have money, it is cheaper. [04:58] It's more exciting. There's more activity. There are people that are more than willing to bring you in and and explain blockchain to you. Whereas if you go into a Bitcoin room, people laugh at you for not having Bitcoin. Instead of saying, hey, this is why Bitcoin is the asset that you should hold. [05:23] Now again, that is not an indictment on the entire Bitcoin community because I've met a lot of Bitcoiners. I've interviewed a lot a hell of a lot of Bitcoiners. And not a lot of them have that type of mindset. [05:38] But unfortunately, on social media, a lot of people make time from the Bitcoin community who really don't represent the real essence of Bitcoin to go ahead and turn it into something that's hostile. Like if you if you think about it. [06:00] Because you got to tiptoe your way around the goddamn place, where Solana just says, come here, we'll embrace you. That's the truth. And Solana has proven that it can do X's. Solana was marked dead after FTX. Solana made a made the ultimate comeback. I remember saying that, hey, man, if $8, $9 Solana, like take a flyer. [06:21] That's what I did. Take a flyer on Solana. What's the worst it could do? Go to zero? I was saying that in spaces. I was saying this I was saying $8 Solana, $9 Solana, Solana is a buy. I said, why not? Take a flyer on it. See the fuck happens. It's cheap. [06:45] And I was really critical of Solana too. But they were able to build, you know, Solana did everything right. They did everything that Ethereum should have done. You see, another one, Ethereum, Ethereum had the meme economy, and we shall talk about the meme economy. And they decided to just not do anything with it. You you had the whole crowd. You had every single person, every single person that was into memes was mostly I would say 90% of the meme economy was on Ethereum. You could say even a larger number of that was on Ethereum. But Vitalik would come out and say memes are useless. But that's because Vitalik does not understand meme culture. Only until the very end, he decided to switch up his PFP into a Milady to try to win people back, but it's too late. [07:44] What did Solana do? Solana embraced the memes. Solana embraced the memes. Solana was not scared to bring meme culture and meme traders onto their platform. [08:04] Anybody who runs a multi-billion dollar company who wants an audience and who's smart to recognize, you know, meme culture is the biggest thing on this planet. Meme forget about on-chain memes. Meme culture is one of the biggest things that we have here in terms of communication on this planet. Every single day people meme. You could be talking to a friend and you will meme them. You could be looking at a comment on YouTube or on TikTok or on Instagram and you will use a meme to have a conversation. [08:51] Memes are everywhere. They don't need to be tokenized. So what did Solana do? Solana recognized that and Solana brought people in slowly. And then all of a sudden, VanEck made a meme index fund. VanEck, a big-time player in the institutional world, makes a meme index, putting on Shiba and Doge and Pepe. And you guys didn't take it seriously. It's almost like, oh, memes are a joke. And now Michael Saylor himself and others meme every single day. [09:30] So who gets the last laugh for consistently talking about memes hold relevance here and not only here, but outside of here? I smile now when I see memes. Real memes, by the way, do extremely well. Because there was a time where people like myself would get destroyed for talking about memes. I think I was able to open up a lot of people's eyes with memes. When I would sit and have conversations with Bitcoiners and tell them, well, how how are you getting people into this space? [10:07] Well, I don't care. Here here's a response from Bitcoiners. I well, I don't care when they get into the space. I mean, well, aren't you trying to grow Bitcoin? Aren't we trying to bring more people? They'll come in when it's their time. And they'll get in at the price they deserve. Well, how do they even know how would they know about Bitcoin? They'll they'll figure it out. And then I remember people coming in and saying that they have Litecoin. Or they've gone into Ethereum and the and the maxis will go crazy and say, how dare you buy that shit, that shitcoin? You should buy Bitcoin. And they're yelling and screaming. Well, I came into this room and not me, but hypothetically, people will come into these Bitcoin rooms and say, hey, how would how would I go about learning about Bitcoin or buying Bitcoin? Well, go go search it yourself. Oh, okay. And then they get motherfucked. [11:08] Of course, that that that'll make me want to run into Bitcoin. And then Bitcoiners wondered why people went into XRP, why they went into Ethereum, why they went into Litecoin, and then why they went into things like Dogecoin. They wondered why. Well, don't wonder so hard. You're the main reason, you're the biggest problem as to why people chose other avenues. I was here. I watched it all. You guys fought with me and I won. [11:40] You would call everything a security. And I'd ask you, well, are you a are you an SEC lawyer? And you'd say no. I don't know if anybody remembers that conversation with 5,000 people in the room. A woman said that she, you know, everything's a security. And I said, well, how would you know it's a security? She goes, I just know. I go, I I are you an SEC lawyer? No. So how are you deeming it a security? Give me the three prongs that makes it a security. Give me the three, four prongs. She couldn't name it. [12:11] That's the problem. And which leads me to the point of what Blue said here in the comments of Bitcoin not having that sex appeal. Bitcoin's marketing drove people off. That's not to say that people didn't buy Bitcoin, but nobody really, okay, I buy Bitcoin, but I want to fuck with something else. [12:36] That's the that's the I'm not going to open up a Bitcoin room. I'd rather open up something that's built on Solana. That's the mindset. That's not saying Bitcoin's not going to go to a million dollars. That's not saying that Bitcoin's not going to hit 500k. That's not going that's not saying that one day Peter Schiff won't get Bitcoin. The conversation really is about Bitcoin losing its appeal. [13:01] And things evolve. You know, it's crazy because look, I I'm a Bitcoiner at heart, right? But we got to call it for what it is. Things evolve. You know, I didn't think I I didn't think anybody would take away MySpace. Anybody remember MySpace? I didn't think anybody would take away MySpace. I didn't think Tom would sell MySpace. I didn't think I I I thought Tom would always be my friend. I really thought Tom would always be my friend. Well, guess what? Tom decided to sell MySpace, okay? And Tom decided to go and live his life and seek adventures all around the world. [13:47] And then comes along Facebook. And everybody, oh, Facebook. And look at Facebook now. [13:58] It's really simple. Like you sit back, there's always something new that comes along that's better, that's marketed better, that appeals to people better. And and that's bottom line. [14:15] And that's Solana right now. Solana is the chain that appeals to the people within the crypto industry. It is it is right now like if you if what is Solana right now? 111, 112, whatever it is. I haven't looked. But if you if you get Solana now and it runs up to $1,000 per coin, I mean, that's pretty good. That's not bad. And it has the potential to hit $800 to $1,000 per coin this cycle. [14:54] There are a lot of institutions that I've spoken to that we will be bringing on again, which the first thing that came out of their mouth if you rewind, I mean, Bitwise was talking about Solana more than they would they were talking about Bitcoin. Go rewind that episode. I've lit I literally sat here and I had Hunter talk about Solana more than he did about Bitcoin. [15:20] You have institutions now building on top of Solana. You have people who have built on Ethereum now switching over to build on Solana. So how can I sit here and not bet on Solana, which I have done? Ask Landy. Landy was on here. Landy knows there are a lot of people, a lot of my friends know that I said, you know what? At around $8 to $10, around $8 to $10, when the whole FTX thing, you know, blew up and stuff. I remember sitting on spaces and I said, and I remember on the show too, and I said, you know what? I'm going to I'm going to put a a bet on Solana. [16:13] I'm going to bet on Solana, especially also when I saw Bonk come along. It was kind of like the real first push meme. And yeah, you could say it's VC and whatnot. It is what it is. But it was pushed. And I was still down on it. Even though I had Solana, I was like, why don't you just buy Solana? Why buy the meme? And then clicked. I'm like, they're doing Ethereum. Bonk is what Shiba Inu was to Ethereum. Cuz nothing worked on Ethereum until Shiba Inu came along to go ahead and battle it out with Dogecoin. Bonk was the first thing to come along in the same aspect like Shiba Inu. [16:53] And it you know, my first answer is no. It's always like I think I'm that type of person. I'm always like, no, but then five minutes later, I'm like, okay, I've give me a second. Let me reassess real quick. And that's what you have, ladies and gentlemen. That that is what you have. You had nothing that ever worked on really worked the way Shiba Inu worked. And then Bonk came along to do the same thing for Solana. [17:21] If Vitalik was more interested in the meme economy and meme traders than he is in writing a decentralized sci-fi book on governance, Ethereum would have thrived. Now again, Ethereum can always come back. You got Robinhood, you got Base. They could potentially make Ethereum sexy again. But there have been plenty of times now, two or three times that Solana people have tried to go over to Ethereum, to Robinhood, whatever it is. The whole time is better, but then they got wrecked with the MEV bots. And the fees and they didn't find it interesting, so they made their way back to Solana. Solana doesn't have those fees like Ethereum has. [18:15] Again, that's their problem. But Ethereum will win. I don't think Ethereum is not going to win. I think Ethereum will win, but it will be through the institutional world. I don't think it'll be through retail. Okay? Charles Hoskinson was on my show, I think a year or two ago, and he said, Ethereum is in trouble. And he broke down why Ethereum is in trouble. And nobody, even myself, really batted an eye and really tried to look into it. Here's a man, Charles, who built or helped have a hand in built a co-founder of Ethereum, helped build Ethereum, and he told you why there could be a problem. [19:08] Hence, he built Cardano to make sure that Cardano would never face the same problems as Ethereum. [19:18] So you sit back and you and you and you think about it and and and you say, look, we got we got Bitcoin and we got Ethereum. The two OGs, the two the real two OGs, respectfully to Litecoin, I love Litecoin. I I love Litecoin. But the OGs, you know, Bitcoin and Ethereum, they're being looked at as boomer coins. They're being looked at as not very sexy. [19:51] You should own it. I mean, like gold is I mean, gold, silver might not be sexy, but I mean, they go up, right? So you should have them. Nothing wrong with having precious metals. But people in crypto are this is a new breed of finance. This is absolutely new breed of finance. [20:18] 100% a brand new breed. This is the first time in history where people are starting to understand the value of money. You got a lot of people that have come into this space who have no clue what the value of money was. You have people that have $50,000 in their bank accounts and think they have $50,000 worth of purchasing power, when that $50,000 is really $10,000 of purchasing power because the dollar keeps going down in value. [20:51] Want you to think about that. When people tell you they got cash and they got money. Okay. Well, how much is a million dollars? How much purchasing power really is that? [21:06] You got a million dollars sitting in your bank account. Inflation, it's up. Price of goods is up. How much is your million dollars really worth in purchasing power? [21:23] See, these are the things that you're learning now because you're you're your eyes are open to it because you came into crypto and now people are educating you on the value of money. Something you have not been taught in school. Nobody taught you how how to even write a check out in school. They don't want you to understand the power of money or the value of money and how it works. Because if you're an educated person when it comes to how money works and how the monetary system works, that means that you won't fall into debt. [22:02] You won't be paying somebody 19% interest after the 0% APR comes to an end in 12 months. You being educated on finance is a bad thing for the centralized world. It's a bad thing for the banks. The banks are giving you 1% on your million dollars. And a lot of you guys don't have a million dollars. So let's say most people on average, an average American has maybe $6,000 in their bank account. [22:38] Most of you guys are paying the bank fees in order to operate your checking and savings. And if you get some sort of yield, it's 0.003. You get 30 cents. Meanwhile, the bank uses your money to trade and make money. Guess what? You don't get no commission. [23:00] See, these are the things you didn't learn. Nor did they want you to know, nor did they want you to learn. You go to school, and then once you finish up high school, you're told to go to college. Now, I love college. I think everybody should go to college. I think it expands your vocabulary. Okay? It's an experience. You meet new people. But really, right now, this day and age, do you really need college? When you have, I mean, essentially, you can prompt your your large learning machine to go ahead and act as if give me a four-year course of college. Go one by one with me here. [23:51] And all you got to do is pay what, $300 a month to have ChatGPT, Claude, Google Gemini, break down the same education that you would get in an Ivy League school. You go to college. Great. You go to college, they give you a credit card, a student credit card with a $10,000, $20,000 limit. You're paying obviously for college. You're taking out student loans. Student loans have APR rates onto them, right? They got interest on them. By the time you're finished four years, time you're finished, you are in debt for $200, $300,000. You're maxed out on your credit cards. The profession or or the subject matter or the industry that you wanted to go into, they're not hiring and there's no jobs available. And you're not qualified because you don't have experience. [25:03] So now you're sitting on debt. Who makes money off of you? The centralized world. That's right. They make money off of your student loan. They're making money off of your credit card debt. And then they're going to show you fancy things on TV. That's another mind fuck. You watch TV, you see all these commercials of when you're successful, you get a BMW. When you're successful, you get a Mercedes. You want to look the part, you get a Lamborghini. You want muscle power, you get a vet. You see these things. People dressed up in Hugo Boss suits. You see your friends who are successful, air quote that, they're wearing shiny suits, Ferragamo shoes. I got to look the part too. You take it out more credit cards, more line of credit with more percent on it. Boom, more debt. You're buying a house. House is now starting at $750,000 with 7%.
[Part 3 of 6] [00:00] plus interest rates. [00:05] You're lucky if you can get a house. [00:08] Okay, rent. [00:09] The cost of living is high. It's not Trump's fault. It's just, it is what it is. The it's the economy right now, worldwide. [00:16] You're paying an an enormous amount of money. [00:21] You're just staying alive. Yet you are trying to find a way to buy a BMW to show off to your friends that you have a BMW and you've made it in life. [00:32] Just because you got a raise at work, just because you got a raise in terms of a label. [00:38] Not much of a raise in terms of pay, but a label raise. [00:43] Now you're looking to you got to look the part. [00:47] So you buy the fanciest car available. You can't afford it. [00:52] The guy the guy comes back to the table and says, this car costs you $1,000 a month and that's not even including the insurance on the car. [01:01] The insurance on the car plus your car note, that's around $1,300. [01:05] I'll take it. You know why? I got to show everybody I made it. [01:12] It's not your fault. [01:14] It's the world that you've been born into. [01:17] Matrix, think of the Matrix, where things are shown to you, [01:22] things are peddled to you and pushed to you through TV psychologically. [01:30] You see these things and you think this is this is how this is what I need to do in order to become successful. And and and these are the things you go ahead and do. [01:39] And now you are in debt. [01:42] Some get out of it. [01:44] Some never some never do. [01:48] All to show people that you've made it. [01:52] When in reality you haven't. [01:56] The people who have made the money are the people who have lent you the money. [02:01] Because you didn't know the value of money up until hitting crypto. [02:06] And it's something that the world on the other side of the fence over here, the capitalist that that capitalistic world, which is great, but the the ones that run it, they didn't want you to know about it. [02:20] They want you to be a good old boy and work for them. [02:24] You work for me, I'll give you a few pennies and I'll take the rest. [02:32] And I'll take the rest. [02:34] And that's um, [02:39] And that, [02:42] That I don't think people realize until they get to a certain age where they're looking at their bills and they're saying, man, if I didn't purchase this car, man, if I didn't purchase these fancy things and these expensive things, I wouldn't have been in this type of debt. [03:00] I wouldn't have to work two jobs. I wouldn't have to work overtime. I could have used money and gone on vacation. [03:07] And and just enjoyed myself. [03:11] I could have invested the money into real estate. [03:14] Because nobody teaches you to buy land. Nobody tells you that America is for sale. [03:23] You're not taught this in school. [03:25] The the Department of Education didn't teach you that America's for sale and you should buy land because it appreciates. [03:37] They didn't teach you about passive income. [03:41] No, guess who did, the crypto space. [03:46] The crypto industry taught people what the value of money is and taught people finance. [03:53] Now, some people haven't learned. [03:57] Some people still with the education available to you here. [04:02] You know, the education here is as good as something in MIT. [04:13] You are getting a four-year course for the for a fraction of what it costs to go to an Ivy League school. [04:26] Now, for those who take this seriously, they've won. [04:29] They've won big in life. [04:31] Because they found this and they were able to retire themselves and retire their family. [04:36] And good for you. Congratulations. [04:39] Some, three cycles in, still fucking up. [04:45] Two ears, one mouth does not apply to them. They can care less about listening to anybody. [04:52] They can care less about listening to anybody and their opinions. [04:58] So, to move back to the Solana topic, yes, Solana is a lot more sexier than Bitcoin. [05:09] That doesn't mean anything's better. I'm not this is not talking about what's better. This we're talking about what appeals more to this current generation and that would be Solana. [05:21] Bitcoin appeals now to the corporate heads. [05:25] Corporate loves Bitcoin. [05:29] Corporate also loves Solana right now too, but retail, Main Street is looking at Solana. [05:39] Again, you don't got to like it. [05:42] I know a lot of Ethereum heads, they hate every single time that I mention it. [05:48] They hate every single time that I mention Solana. [05:54] But, that's what it is. That is reality. [05:59] Solana is the sexy, the sexy, the sexy asset right now in this space. [06:09] And it's on Solana to continue that vibe. [06:15] The ball's in their court. [06:18] The ball's in Solana's court to make sure that they continue on this path. [06:22] Will something else come around one day? Yeah. [06:25] I mean, CZ's has he I think CZ did an interview and he said, maybe one right now Bitcoin dominates, but maybe one day something else does. [06:34] He didn't say anything crazy. He said he he gave you reality. [06:38] Something might come around one day that is sexier than Solana, sexier than Bitcoin, sexier than Ethereum. It happens. [06:49] It happens. [06:52] Your job is to identify what that is. [06:57] You can't be that type of person that says, you know what? [07:02] I'm not going to get into something because I am a die hard maxi. No, you need to identify plays that will make you gains. That rhyme just now and that was a bar. But seriously, you need to identify plays and assets that will make you gains. You need to identify what is the next Solana? [07:21] What is the next Bitcoin? What is the next Ethereum? You need to make sure you're ahead of the game when it comes to that. [07:32] Whether you like somebody or not. Listen, there could be people tuning in to me right now that don't like me. [07:37] That's fine, but there might be value here. [07:40] There might be a value proposition here for you. [07:44] There are others that go on to a microphone every single day and they talk. [07:49] I might not I might dislike them, but there might be value there. You got to two ears, one mouth. [07:57] You might end up walking into the next Solana, the next Bitcoin, the next the next Ethereum. [08:05] Once a community decides, once the let me say this, once the market decides that this is it, there's no stopping the market. You you're going you can't go against the trend. [08:18] A lot of you guys trade against the trend. [08:23] You don't sit back and you you don't look at data, you don't research, and you have it all in front of you to do so. [08:30] You trade against the trend and that's why you fail. [08:42] Welcome to the breakdown. [08:44] Episode 799, sponsored by Midnight, sponsored by Polymarket, Cake Wallet and FOMO. [08:56] This is a really good conversation. [08:58] I got to tell you, this is a really good conversation. And hopefully people have their ears open, eyes open. [09:07] Hopefully you've been doing the research. [09:12] Hopefully you have. [09:15] And I said I'll talk about, you know, I'll be talking about today, you know, can AI, I want to get into AI also today during this show. Can AI help you build a million dollar business? [09:30] You know, do you know how to use AI? [09:33] Do you know how to prompt? [09:38] Because a lot of people will take on a membership with ChatGPT, with Anthropic's Claude, Google Gemini, whatever whatever LLM is out there, you'll take on a membership with them and you don't know how to prompt. [09:57] You're typing in, can you make me a business that goes into billions? [10:07] And make it so I don't have to work. [10:12] And make it so it happens right away. Like, what are you prompting? [10:19] The people that know how to prompt, the people that know how to use AI or SI, whatever you want to fucking call it, they will be able to build a million dollar business. 100%. [10:31] You know the best thing you can do with your AI is ask AI, if you've already used AI and AI has gotten to know you through your chats, you can ask AI, AI, based on our conversations, what do you think, give me 10 businesses that you would recommend for me to go ahead and start building out. [10:54] And AI would will will will give you those 10. [10:58] We'll absolutely give you the 10 businesses that it thinks that you should be going into based on your conversations. [11:08] That's free game I'm giving you. [11:12] You see, this right now, we are in an era, we are in an era where you can absolutely have a multi-million dollar business and you could be the only person in that business. [11:28] That's the era we're currently in. [11:30] You have cryptocurrency that needs AI and you have AI that needs crypto. Both of them go hand in hand. [11:39] They're cousins, brother and sisters or brother and brother. [11:42] What however you want to go ahead and categorize that, that's what they are. [11:53] Not taking advantage of the opportunity that you have with AI and with crypto, would be absolutely sad. [12:05] Absolutely sad and disgraceful. Because you're the first and the only person in your bloodline to have this type of opportunity. This is a generational opportunity both from a monetary standpoint and from a technical technology standpoint. [12:26] We have never lived in an era where we are now reshaping reshaping the way our monetary system works. [12:39] And we have never built something that one day will probably enslave mankind. [12:48] I want you to think about that for I want you to sit back and I want you to let that marinate for a second. [12:56] We have absolutely changed the way that money works. [13:04] We've we are in a new era. We are ushering in digital money. And now we know the value of money and we are early because only 5 to 6% of the world is in crypto or has gone digital, air quote that because everything's digital, but really gone digital and permissionless. [13:25] And then you have AI, which is only five, what, five years old? [13:35] And you have the opportunity to build things out or fix things if you really wanted to. [13:44] AI easy. [13:47] You could take AI right now and start with customer problems. [13:53] What are problems that customers face? [13:58] And what are they willing to pay to solve them? [14:02] Absolutely easy. [14:05] There are right now small businesses and consumers that have problems. [14:13] And they are willing to pay somebody in order to get these things resolved and fixed. [14:20] Yeah, you haven't thought of doing anything. You haven't thought of doing anything to be first to market on those issues. [14:34] I am telling you, I'm giving you, I'm literally giving you the alpha on how you can become a millionaire literally within a month's time. [14:46] I'll give you something with AI. [14:49] Go look at Google. [14:53] Go look at type into Google, go look at Google, type in plumbing. [15:00] You'll get a list of plumbing companies. [15:06] Some have websites, some don't. [15:10] So now you have probably 80% of the plumbing companies that have no website, they just have a phone number that you can go ahead and call into. [15:21] So they're not generating leads. They're still stuck with their old customers. [15:27] Old clientele, then and word of mouth. That's all they have. But they don't they're not getting you customers in. [15:34] Nobody knows them. People like to click on a website, no matter what people say, and they like to see something. They want to see what options they have, testimonials, who is who is that company? [15:51] Who is leading that company? Now, you can sit back and do nothing or you can sit back, make the person a website. [16:00] Okay, don't don't you don't even have to ask for permission. [16:03] You make the website, you call the owner up and you say, hey, listen, I noticed that you don't have a give me just a minute of your time. I noticed that you I know you don't have a website for your business. [16:14] I made you a website. I'd like to know if you can go ahead and give me your email address so I can send you the link to it. [16:21] You send them the link, the person opens up the website. You just made him a website. [16:25] They're like, wow, this is great. My number's on there, my picture's on there, services on this website. [16:34] Sir, uh, so the website, if you really like it, it'll cost you $500. I'll I'll I'll charge you $500 and also $500 every single month to go ahead and have upkeep on this site as a retainer. [16:48] Sold. So you'll take care of everything? Yes, I'll take care of everything. You have nothing to worry about. Lead generation, it'll come right to you. So you know that people are looking for your services. Somebody's look is having some plumbing issues and you are in the area and you can go ahead and service them. [17:06] So one issue, one plumbing issue, okay? One lead that comes in that you go out and you fix a plumbing issue, pays for my services, sir. [17:16] Done. [17:19] They sign a three-year, five-year contract with you. [17:23] Rinse and repeat. You're calling all the plumbing agencies. [17:27] Excuse me, all the plumbing companies around your town. You're calling them. [17:33] Let's say there's a thousand and you close 10 to 20 plumbing agencies. [17:39] Companies. [17:42] At a $500 a pop. [17:45] The initial for the website and $500 as a service every single month. How much money is that, boys and girls? [17:56] I'll let you count. [18:01] That is just one of the many ideas that you can implement, that you can do to become or to have a million dollar company. [18:19] That's what AI has gifted you. And you can accept crypto. [18:24] You can accept crypto in return for your services. [18:29] Right? [18:30] Where do you lose? [18:32] Where do you lose? [18:35] Welcome to the breakdown, episode 799, sponsored by Midnight, sponsored by Polymarket, sponsored by Cake Wallet and sponsored by FOMO. [18:47] I don't know. I I don't know how you can have AI and and sit here and not do anything with it. [18:59] If you're just using AI to take on your personality, then you're doing it all wrong. [19:11] You're doing it all wrong. [19:13] You should be figuring out, how do I get out of my current job? [19:21] If I'm young, if I'm in my 20s and 30s and I'm stuck in a cubicle and I'm stuck in this entry level job and I'm I'm living day by day. [19:34] I'm looking at AI and I am trying to figure out what can I do? And it's not going to happen overnight, but I'm trying to figure out what can I do? [19:44] What can I do to go to the next level? [19:49] That's what I'm doing. [19:54] And I'm going to do everything possible to make it happen. [19:59] Everything possible to make it happen. [20:03] It's so easy. It is really so easy. [20:07] Again, it's hard work, but it's really easy now to build something of quality. [20:17] And again, 1% of the world, if that, is using AI. [20:26] There are companies that still do not understand how to integrate AI into their businesses. They don't know what AI agents are. Have you guys learned about it? No. [20:39] See, AI is not going to take away jobs. It's going to it's going to do two things. One, it's going to level you up in your current position, or it's just going to take away jobs from the lazy. [20:52] People that don't want to work. People that go to work and don't do work. [20:57] That's who that's whose job is in danger. [21:00] The person the person who's going to get laid off is the person who goes to said job and does nothing. [21:09] Isn't productive and is a waste of money on the payroll. [21:14] That's the person that's going to get eliminated. [21:19] I think a lot of people got that confused. It's, oh my God, AI's here, SI's here, super intelligence is is is going to take it's going to take my job. No, it won't. Not if you learn how to use it. [21:33] Not if you dedicate yourself to learning how to prompt, to prompt correctly, not to just burn tokens. [21:55] You you have people that I've spoken to people that have said, you know what? [22:00] This AI thing, this super intelligence thing, it's going to it's going to pass us by. [22:06] No, it's not. [22:10] You know how many people depend on AI or SI, whatever you want to fucking call it. You know how many people depend on it now to calculate, to write papers, to get answers for tests, to get answers in general. [22:29] It's become people's personalities. Look at social media. [22:32] I don't know who the fuck I'm talking to anymore. [22:35] When I look at when people reply to my posts, I have to do a double take to make sure I'm not replying to somebody's bot. [22:45] Because that's what it is. You got people replying to my tweets and other tweets. Like anybody can testify to this. You'll get a reply and it's from a bot. [22:58] And people are doing this because they want their they want their account to stay active 24/7. [23:05] They they're they're gamifying the the algorithm to make sure that they are constantly seen. [23:12] I don't like talking to a I don't want to talk to a goddamn bot. [23:21] That's what's happening. [23:24] And so for the people that are saying, oh, this is just a 15 minute thing. This will fly by. [23:30] It won't. [23:34] This is this is not AI is not AI, if it's if it's going anywhere, it's going to new levels. The models that keep coming out. [23:45] The models that Anthropic and Open AI continue to push out are ahead of the game. [23:52] Grok's coming. If you think if you're betting against Elon, you're crazy. [24:00] Wait until Elon gets to space with his data centers. [24:06] Wait until Elon really steps on the gas pedal. [24:10] Elon understands this is a marathon, not a sprint. [24:13] He's not trying to out sprint anybody right now. He's trying to get it right. [24:25] You know what Elon has working for him? He has X. [24:32] He has real time conversations from people all around the world talking at this very second, posting at this very second, which is feeding Grok. [24:49] I don't think people, I think people who are sleeping on Grok don't understand that he has more data at his disposal than anybody else. [25:03] One could say Facebook too. [25:06] And I would and I could agree with that. [25:09] Facebook obviously is a behemoth. [25:12] But Elon has Elon has an enormous amount of real time, real time conversations, news, data, all numbers, everything that is feeding and giving Grok the ability to learn in real time. [25:42] And when Elon decides to press the button go, what do you think's going to happen? [25:48] Anthropic is not going to be able to compete. [25:51] Open AI is not going to be able to compete. [25:53] I'm going to tell you right now, Elon despises Sam Altman. [25:59] What do you think Eli is going to be what do you think Elon is going to be trying to do? [26:06] Elon right now wants to beat the shit out of Sam Altman. [26:11] He wants to take it to him.
[Part 4 of 6] [00:01] [David] and Open AI. [00:04] He's going to do everything possible to win. [00:09] Elon is not somebody who's going to be number three or four. Elon's mind is to invent things or build things that dominate the market. Tesla dominates the market. They said that Tesla, they said electric vehicles would not work. What happened? Here comes Elon making Tesla work. [00:32] They said self-driving capabilities, that will never happen. Cars will never drive themselves. Here you have FSD. [00:41] Using AI. [00:44] To have a car drive itself. [00:50] And you're betting against SpaceX, which SpaceX, the stock, it's down today. I I I I wanted it to go down further so I can buy, really buy into SpaceX because SpaceX is going to be a hell of an investment. [01:19] Crazy. [01:21] So to talk about AI and can AI help you build a, you know, a million dollar business? Absolutely. AI can 100% help you build a million dollar business if you take life seriously. And if you study how to use prompts correctly so you're not burning tokens, you can absolutely have your AI agents run entry-level work for you. [01:55] Where you don't need to hire anybody. It's your AI agents doing the work for somebody that you would have had to pay $10,000 a week for. [02:04] They're doing the work for you. They're building out your business. You're on the phones, just contacting people, showcasing, like I I gave you the example of websites, where people don't have websites. Most companies, I would say 50 to 60% of companies don't have websites and here you are calling up different industries saying, hey man, you don't have a website, I created one for you. If you give me one minute just to look at your website, and sell you on the fact that I will go ahead and host it and manage it and I will help you driving more leads, people will take that on in a second. People are looking for customers. You live in the United States of America where people are looking to acquire more customers. [02:57] And for those who missed the segment just now of me giving an example of how you can open up a business to where you can make $40,000 a month, $50,000 a month, replay the show. Or tune into Apple Podcast, Spotify, iHeartRadio, or Amazon Music to hear the podcast. [03:18] I think the stuff that I'm saying here today to you guys is absolutely vital for your success. [03:26] 100%. [03:30] Let me ask you guys something. [03:33] We got people on TikTok. [03:36] I spoke to TikTok, by the way. We're at 114 concurring users on TikTok. Shout out to you guys. Love to see it. We're so back, right? People are getting to see me again, finally. [03:52] But I want to ask the audience, and shout out to the people on YouTube and X that are tuning in. [03:58] But what's something in your business you would pay to stop doing every week? I want to ask you guys, what what would you pay somebody in your business, in your business, to stop doing every week? [04:12] It's a real simple question. [04:17] It's a simple question. What would you pay? [04:20] What would you pay somebody? [04:28] What would you pay? [04:51] By the way, I want to give you an example of the money aspect that I talked about. So let's say at $2,000 per month, 42 customers produce 1.008 million in annual revenue. If all stay for the full year. Then subtract software, labor, sales costs, refunds, revenue isn't take home money. [05:26] But think about that. I just gave you an example. [05:31] At $2,000 per month, 42 customers produce $1 million per year. [05:41] Obviously, you got to minus off taxes, you minus off software usage and all that stuff. That's a million dollar business. So you're telling me, I just gave you the example. You you're going to tell me right now, you can't get 42 customers? [06:02] Are you telling me that every single one of you guys watching this show can't get 42 people to sign a contract to do business with your company? [06:16] If your answer is no, then you are one lazy son of a bitch. How many people are there in the United States of America? 340 million people. How many small businesses are there in the United States of America? How many people, forget about even small businesses now. How many people are looking for something, for looking for a tool that they can use that can take two to three hours or or or free up two to three hours of their day? [06:50] You're telling me you can't find 42 people [06:57] at a 2K clip? You think $2,000 per month is a lot? Fine. How about this? Make it $500 a month and just just up the up the customers. [07:14] You're telling me you can't find, let's say, 120 people to sign up? Again, everything I am saying right now is easy to do, extremely easy to do. [07:28] It just takes effort. The problem is we live in a lazy generation. Even with AI, even with AI, a phone, AI, a a desk, you don't even have to move. All you have to do is type, call, hello, my name is so and so. I provide these services. Would you be interested? No, no problem. Next, same thing. No, next, until you get the yes. You guys fear rejection. Not only do you guys fear work, you fear rejection. That's the problem. You don't want to be rejected. [08:14] Who gives a fuck? [08:20] I'm calling people until they tell me fuck off and they block me. [08:29] That's why certain people are in the positions that they're in today versus where you are today. [08:38] It's the same thing that I say about cryptocurrency. Before we move into the midterms, it's the same thing that I say about cryptocurrency. [08:50] It's the same thing that I say about crypto. There are people that come into, and I've always said this line for years upon years, you can look back at my my streams, my podcast, I've said this. [09:03] There are people that get into crypto and they don't have a lot of money to their name. [09:11] But they'll go into crypto and they'll finally win on a play. [09:15] Some have never made $50,000 in a year. Some have never had $50,000 in their life. [09:26] Yet they hit a play. [09:30] They hit a play in crypto and they refuse to take profits. [09:36] The crypto goes up. They're $200, $300,000 in profit. They refuse to take out. The greed kicks in. They don't want to they they think it can go higher. [09:50] They for refuse for the hard work that you've done to find that play, they refuse to take profits. They just refuse to take and pay themselves. [10:02] Imagine if you just took $50,000 out. You've paid yourself and you let everything else continue to go up. If you think it's going to continue to go up, you let it go. Let it roll. But at least take take your initials out and take $50,000 and pay yourself. [10:21] How many people are in crypto that have not accounted for how much it costs for them to live month to month? So let's say for this is what I mean by this. Let's say it costs you $10,000 to live every single month, to pay bills, eat, whatever it is, $10,000. [10:47] Have you put that money Smart people are taking two years worth of their bills and putting it to the side. So they have money to pay for their bills. They don't got to worry or take out from their assets. They don't got to sell their assets in order to make rent, make a car note. They don't got to do any of that. They've already allocated money to the side to make sure that they can pay for everything. So they have 100 they have $240,000, let's say. Somebody has $240,000 allocated to the side for the next two years. [11:26] And for the next two years, they can take care of any of their payments. [11:34] They also have $100 to $200,000 to play with. [11:38] Now they can go ahead and get into crypto or they can go into the traditional finance world and they can go and invest. [11:50] Without worrying about pulling out of good positions, whether it's Bitcoin, Solana, XRP, whatever you want to name right now. [11:59] They don't got to worry about pulling out of these positions. [12:05] They can let the positions marinate, they can let the market do its thing with those positions that they're currently in. [12:14] That is how most of the successful traders go about trading, whether it's crypto, whether it's traditional, whatever that is how successful investors go about business. They make sure to take care of the foundation, they make sure that their bills are taken care of, and then they have money to where they know, hey man, not everything's not everything's a given. Just because I invest into this doesn't mean it's going to pop off. [12:45] But if it doesn't pop off, I'm okay. [12:49] I'm okay. I can pay the rent, I can get food. [12:54] I can pay the electricity bills, the utility bills. I I can do all this stuff without worrying, without being nervous and making nervous decisions within this industry. [13:11] When you're nervous and you're emotional when you're trading, it's a bad recipe. You're not going to win. [13:18] You're pulling out early, you're pulling out late, you're scared, you don't know what to do. [13:24] You're not sleeping, you're rolling around, tossing and turning. That's what happens. [13:31] That's what happens. [13:36] Welcome to the breakdown. [13:39] Welcome to the breakdown, ladies and gentlemen. Episode 799. [13:45] Episode 799. [13:49] For the first time in weeks, we are now not restricted on TikTok. This is amazing. What an amazing feeling. The TikTok get jealous that I started going on YouTube. YouTube will forever now be the home base for the breakdown. [14:11] But that doesn't mean I don't want to be on TikTok. [14:15] TikTok is an amazing, an amazing platform for its visibility and reach. Anyway, just think about what I said. $2,000 per month, 42 clients equals $1 million. If you cannot create a product of need where you can get $2,000 a month, if you cannot get 42 clients where there are 300 340 million people in America alone. [14:47] Yeah, you can go international with your product. You can go absolutely international with whatever you fucking design. Or you create with your company. You can literally go international with it. How many people are on this earth? 8 billion people on this earth. [15:05] And you can literally sign up 42 people for $2,000 per month for a service that you offer of need. And now you are running a million dollar business. And that is how easy it is. Anybody who's huffing and puffing and rolling their eyes, they're not serious about life. So I care less about entertaining them. Anybody who's serious about leveling up their lives would take what I just said and say, you know what? Let me see what is a need out here currently in our world. What is something, what is something I need? What is something that I would buy right now? What service would I buy right now that would allow me or free me up or or bring me more leads or give me more visibility? [16:05] That's something that I would sit back and think about. [16:14] And guess what? Guess how much, guess how much what I'm telling you right now about AI building, like the question is, can AI build you a million dollar business? Guess how much, guess how much this would cost you? It would cost you an internet connection. It would cost you a membership, again, a subscription to ChatGBT or to Anthropic or to Gemini, whichever one you want to pick. [16:48] So let's say let's I'm going to give you the over I'm going to give you your overhead. Are you ready? Here's your overhead. [16:55] You have to have a phone call you have to have a phone line, so that's going to cost you maybe $70. You're going to have to have an internet connection. That might cost you $50. You're going to have to subscribe, I would tell you either Open AI or let's say Anthropic. That's going to cost you $200 $200, $300. That's your overhead. [17:21] So essentially, let's say rounded out, your overhead is $400. To start your business and to have your business, your overhead is $400 until you start taking on clients because you're going to need to go ahead and obviously have hosting and all that stuff to host their websites. But again, that'll probably cost you $10, $20. [17:49] So your overhead is nothing. [17:53] It's all about your time. [17:56] Your time putting in time to call people and ask them to buy a service that they need. You're not you're not pushing anything onto See, like you don't want to create a product where you're you're pushing it onto somebody. You want to create a product or a company that fulfills a need to where it's a no-brainer, yes, I need this. Oh my God, I I was always looking for this. I just didn't have time. [18:33] Like you want the presentation to be there immediately, like it's the website thing that I mentioned, like you created a website, you call somebody who needs a website because they don't have a website listed. They see it within the 30 the first 30 seconds of your conversation as you're having the conversation and they're blown away because they've never had that. [19:09] Somebody from TikTok said, that's pushy. Can you imagine to say something like, hey, I built a business to provide website services. And here I am, I'm calling I'm calling companies that don't have websites in in the 21st century in the 21st century in this current society not to have a website. Here I am, I'm calling people who don't have one to help them be seen and acquire more clients. And somehow that's pushy. [19:49] I have way more ideas, obviously, I'm not going to give them out. [19:55] I'm doing them on my own now. [19:58] It took me months to figure out what's a need. Look, restricted again. Unoriginal This is ridiculous. Live visibility restricted. For what reason? I got to show this to them. [20:11] For what reason? [20:14] What is unoriginal content? Because content unoriginal or reproduced content I haven't even ran purposely, I have not ran an ad today. [20:26] Purposely. [20:29] What is unoriginal content here? [20:39] Are they going to say my overlay is not original? It's my content. This is crazy. [20:47] This is absolutely crazy. There must be somebody sitting here and just pressing pressing non-stop reporting and pressing that I have unoriginal This is this is absolutely ridiculous. Episode 799. Look, we had almost a almost 200 people concurring on TikTok. And now it's going down because because appeal not approved. And let me save that for them. [21:21] Cuz I'm going to send that to them right now. This is unacceptable of this is unacceptable for them to do this every single time. [21:31] Every single time I'm live. [21:36] Unacceptable. Let's go to let's go straight to them. [21:45] Chat with us. [22:02] This is crazy. This is crazy. The content I I I was providing alpha. [22:48] They won't even let me start a ticket. This is crazy. [23:06] This is crazy. This is this is unbelievable, man. This is unfucking believable. [23:16] Unbelievable. [23:19] It is what it is. [23:21] It is what it is. Anyway, we move on. It is what it is, man. It is absolutely is what it is. Uh, moving forward, do the midterms matter for your money? Uh, Reuters reports that crypto donors are reconsidering their bipartisan spending strategy after the Senate failed to advance the Clarity Act last month. So, crypto is big time into politics, by the way. I I think people don't understand how big, and I don't think senators and representatives currently in Congress understand how big crypto is and how big it's getting. To where it will be forcing it will be forcing the hands of people. Especially your senators that hate crypto. Like Elizabeth Warren, who has come out and said that she has tried to put out bills that are pro-crypto, that that can help the American people. What are you talking about? You have been against crypto. You have done everything to try to kill crypto for retail and just send it swinging right back around to your friends at Wall Street. [23:59] So my question is to you guys, for the midterms, because this is more we're talking about crypto, right? Let's talk crypto here. [24:47] Would you vote against your own party for a candidate with a better record on crypto? So now Republicans and Democrats, I'm a Republican, but I would vote for a Democrat over a Republican in the same district, in the same state, if they were pro-crypto. And they had every intention of seeing things passed for crypto. Yes, because I am in the crypto industry, just like you guys. We should want to make sure that we have people in office that are pro-crypto. Pro-innovation. Pro-tech, pro-everything for mainstream, not just for Wall Street, but for mainstream. [25:39] We should absolutely pick the best candidate, regardless of party affiliation, that can get the job done. Now, obviously, we've seen Republicans have been the ones that have come into office and they have done everything to be pro-crypto and they have pushed to make sure or they've tried to push to make sure that crypto can be the or at least crypto America could be the crypto capital of the world.
[Part 5 of 6] [David] [00:09] So, would you vote for a Democrat if you're a Republican or or if you're a Democrat, would you vote for a Republican? And speaking of the midterms, I made content yesterday about how I feel that the Republican Party will lose. They will lose. Come, come time. Come time November. And let's look at Polymarket right now real quick. Polymarket is a official prediction is the official prediction market sponsor of the breakdown. So let's look at Polymarket here. Polymarket's midterms here. Let's go ahead and look at the midterms here. They have 64% Democrats controlling the Senate or taking control of the Senate. 91% that the House goes to the Democrats. 70% for for the governors. 64% chance that Democrats sweep the midterms. 64% chance it continues to grow and grow and grow. And here you have the battle in Texas. Democrats leading by 68%. This is Ohio. 65%. Who would have thought? Who would have thought this would be happening? Who would have thought? This is crazy. The Republicans are real like they're going to get demolished. Unless unless something happens. Unless Trump, uh, you know, if Trump's entire speech of I will send $5,000 to every American who votes for a Republican in the midterms, if that hits for people, if people say, you know what, I will vote Republican so I get a $5,000 check, we might see something. We might see something where the Republicans hold the House and Senate. We shall see. We shall see what happens. We shall see what happens with this. By the way, if you don't have the Polymarket app, you can download it today. And when you download it, if you use my link, which is in my uh X thread, follow the midterms. Get $25 when you sign up. Use the code breakdown to get that $25. Who knows what that $25 can do for you. I don't know. Could do a lot of things. $25 is $25. Again, use the code breakdown when when you go and sign up if you haven't already, when you sign up, when you download the Polymarket app. So there you go. Midterms 2026, right now as it stands, Polymarket has it that the Democrats take both the House and the Senate. But again, we shall see. A lot of people have said, hey, we've had the blue wave thing before with Hillary. Hillary was supposed to win the presidency. And here comes Trump. Trump wins out of nowhere. Everybody's in shock. So, we don't know what's going to happen. We absolutely do not know what's going to happen. But we do know this. I will be right back right after this break to touch on one more topic and that's undervalued crypto. Undervalued crypto or just a coin that fell. We'll talk about that. Ethereum, Solana, ADA, ADA, NADA, NADA, I said NADA. I said NADA. Night as candidates, we can examine. Which I think all are still bargains, by the way. I mean, what is the investment thesis for all these things? What evidence supports these things ever moving or moving? And I've already given you my thoughts, okay, on what I think is underrated, undervalued, oversold. I mean, with Ethereum, what would convince you its upside is stronger than competing opportunities, right? Think about that for a second. With Ethereum, what will convince you its upside is stronger than competing opportunities? That's what you really have to look at. Now, Robinhood, base in the mix, that saves Ethereum. We know institutions are in, but again, it's for me, it's Robinhood and Base. More so Robinhood. More so Robinhood. With Solana, people can tackle this question. How much of the thesis depends on speculative trading and what supports it beyond that? So, besides the trading aspect with Solana, what goes beyond that? And I've already said early on in this program, well, hold on. Now you have institutions that are taking to Solana. They're building or attempting to build on Solana. So, Solana is going in the right direction. Solana got the got the retail traders in. They got the audience, which then gave it appeal to mainstream and when I mean mainstream, Corporate America took took a liking to Solana. Cardano. I mean, what measurable progress would support your conviction, my conviction or your conviction on Cardano making a comeback? And I've already talked about governance with uh Charles. Kind of would make me very bullish. A man who has been successful in crypto. Built Ethereum. Cardano, now Midnight. And people ask about Night. What adoption would need to happen and how would it translate into token demand? Well, privacy is a is a necessity, not a luxury. Privacy is a necessity. An absolute necessity to have. But when we come from break, I want you to think about this. Give me one asset you think is undervalued. And a reason behind how far it is from its all-time high. And why it should go higher. Think about that. We'll be right back after this commercial break. [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [David] [01:33] Welcome back to the show. We were before we went to commercial break. Uh, I talked about, you know, what are the most underrated assets in our space? Uh, what are some underrated um cryptocurrencies that we haven't looked at, that I haven't looked at in this space. Now, I gave you my personal thought process on what I believe is underrated and that is 100% the privacy space. Privacy protocols. That's what's underrated. Because it will become a meta. Privacy, I think we have taken privacy for granted. 100%. 100%. Privacy has been taken for granted and I think you will see Zcash and it's already ran. Zcash, you had Monero. Monero's going to run. Uh, I think Midnight does phenomenal. Obviously, for those who have been tuning into the shows, uh, way before Midnight became a sponsor, you know, when it when Charles first told me about Midnight and and it coming and explained it to me and broke it down to me, uh, I I was bullish and I'm bullish on anything that he he obviously creates. And privacy just makes sense. I was big on privacy in 2017. Verge, if anybody remembers that, Verge and Zcash also. Um, Monero obviously. You know, Dash was out there. Dash says I don't talk about them. I don't put them into into the circle of privacy uh coins, but I do. I just again, there's there are so there are really there are a lot of good privacy tokens out there and protocols. But listen, everybody has their favorites. I'm not saying I don't like Dash. I'm just saying in general, everybody has their cup of tea. You know, or you know, everybody likes their their their fucking ice cream. Some people like chocolate, some people like vanilla, man. Don't come at me, man. I'm just saying. Shout out to the audience today. We had big time big time numbers on TikTok. Shout out to TikTok. I got to figure out what's causing them to trigger at the very end of the show. Unoriginal content was triggered and that means that again, they believe that my overlay might not be original when it's being designed from my team or that the ads that I'm playing from uh from Midnight, from um Cake Wallet, from FOMO are not original, which is crazy because they're my ad sponsors and partners. Uh, Fed minutes came out at 2:00 p.m. So, we'll talk about that tomorrow. Um I wonder if oil yields and crypto are somehow connected because today when I was talking and reporting on higher oil prices and yields, if pressure was put onto crypto due to that, I'm sure Landy would have probably said, yeah, of course, oil because, you know, it's the first thing that comes out of Landy's mouth is oil. Um, I wanted to talk about who is accountable when AI causes harm. When AI though, when AI because there's obviously pros and cons to AI and I'm wondering when AI, when is AI or who is accountable for when AI causes harm? Uh, there are already lawsuits testing whether ChatGPT should be treated as a product or service. OpenAI denies liability. So, who holds the responsibility? Who really does hold the responsibility and who does it sit with? The developers, businesses developing on AI? Like who is that sit with? Is is really the question. Um, it is 2:33 p.m. We're two hours in and pretty much done uh with the show. Um, I think tomorrow I might by the way, I I will be doing content today. So, if anybody wants me to touch on a particular topic, whether it's crypto, whether it's AI, whether it's politics, let me know. Send me a DM. Again, I'm shooting content today. Let me know if you want me to touch on something that hasn't been touched on yet. Relax, okay, stop thinking about naughty things. I'm saying things that have not been touched in certain industries, things that have not been spoken about. There are so many shows, but that doesn't mean anything if we're not talking about subjects that the people want to hear about. So, what should we talk about? I think today I blue collar blue collar has me thinking about something. One piece of content that I'm going to do is about how Bitcoin isn't sexy no more. Not saying that Bitcoin isn't a generational asset, but how it's not sexy anymore to the younger generation. That's something that I'm going to touch on today. There are other things that I'm also going to put out there that maybe can go ahead and bring value to my audience and people outside of that bracket. So, yeah, there it is, ladies and gentlemen, there it is. Uh, the breakdown, episode 799. Episode 799, tomorrow episode 800. Episode 800, ladies and gentlemen. 800 episodes. Where I show up every day and that's the official number. But if we're going to use the official number, 800 episodes where I showed up wearing a suit, getting up in the morning, preparing, preparing here to talk to you about all sorts of things that are trending, whether it's crypto, politics, and now AI into the mix, right? I have been here. My attorney said He came on onto this um onto this space and he said, the most consistent thing in crypto without a doubt has to be David. Because he shows up in the bear market and he shows up in the bull market. And he's consistently on here. Talking and talking about topics and providing, I hope, providing value. The feedback tells me I'm providing value. Some might say I'm not. That's okay. You got critics. You got to have critics. If you're doing well and you don't have critics and you don't have haters, then you ain't doing shit. So, it's all good. I want to give a shout out to everybody who does tune in. I appreciate you guys. I also want to say this, and I want to make this very clear before I get off the air. And for those who replay the show, shout out to you because we get a lot of replays. We get a lot of replays. We get a lot of things a lot of people tune in now onto Apple Podcast, Spotify and other, you know, podcast streaming platforms. Nobody speaks for me. I think I I think if you've been here long enough watching me, you know that nobody speaks for me. Unless I unless they appear on the network and you can go to gokhshteinmedia.com, you can go to gokhshtein.com and you can see who's on the network. And even those people don't speak for me. Ultimately, I speak for myself. But those there's like four or five people that are a part of the G Media brand that that you can say, okay, but again, they don't speak for me either. I continue to talk about building out a movement. No matter how down I get on this space because it seems like people are cool with it for four or five minutes and then they run off chasing all types of shit. The movement, nobody speaks for me. The movement has never died. I have people that have been rocking with me for the last 12 years. Loyal. I'm loyal to them that loyal to me. People who have done nothing but great things in this space along with me. Nobody, and I mean nobody has a bad word to say about me unless they want to just fucking invent something out of pure air. The movement is not dead. I don't know who the fuck came up with any of that stuff. Whoever came up with that, the movement is dead. Guys, when I say the movement is dead, it's dead. I'm looking into the camera. When I say the movement is dead, my movement that I'm building out, then you can go ahead and call it dead. Anybody who's out here chirping and talking about I have I'm done with a movement. I'm not I I don't know where that's coming from. I really don't know. But I have an army of people, of loyal people who love me. Love me, and I love them back because I respect them. They've been ride or die for a long time, man. Got people where I visit other countries that embrace me. We don't even speak the same language and we fucking hug. It's a it's a beautiful fucking thing. But again, at the end of the day, only I speak for myself and nobody speaks for me. The movement will be built out and whether it takes six months, whether it takes nine, whether it takes 24 months, whether it takes nine years, one day something will appear and hopefully that something someday will heal and unite the real OGs to go ahead and do phenomenal things in this space. Um, yeah, that that's really I wanted to go ahead and mention that at the at the end of the show because I didn't want to go ahead and have a conflict with the topics. Shout out to everybody who tuned in with the topics that people fuck with today. Especially on TikTok, people will really, really about AI and how AI can go ahead and make you money. How AI can make you turn you can use AI to turn or to create a million dollar business. 100%. AI can create anybody a million dollar business if they choose to go ahead and do so. But again, I just wanted to touch on that. I was talking about this with some of the OGs in the space and they were like, interesting. And I said, yeah, I know. Because I'm sitting back. I watched for a few months now people people out here saying that they represent me. Unbeknownst to me, people representing me. So, yeah, the movement's still here. We got a lot of chads that are interested and I know that they will support it. I know they'll be on the front line and the movement does not need a token. I keep on saying that. And I said that repetitively. And thank God my shows are taped and thank God I just don't delete things. And everything's out there for the open. You know, the coolest thing, I guess the coolest thing that you can sit back and think about is I guess with my brand, people have me on notifications. So, when you see a notification for me hit, when you're subscribed and you have my notifications on, you see everything that I tweet. You see everything I like. You see everything I repost. So, you see it live.
[Part 6 of 6] [00:00] As soon as it hits the internet or social media, you can see if David tweeted out something or if he didn't. [00:08] And that's the beautiful part about notifications, about subscriptions, about social media and how X and YouTube and TikTok want to push things out to the general public.
[00:27] So on that note, [00:30] as I've always stated, [00:33] when I choose to endorse something, it will come from me. [00:37] You know, I actually, uh, I I watched a little bit of, I watched a little bit because I got tagged in it today. [00:47] I watched a little bit of Akil Patterson's podcast on my, on the Goxteen Network. [00:54] And he was talking to Jason Williams. [00:58] And Jason Williams said something very interesting. [01:01] He said, [01:04] you know, I got sent all these tokens to my wallet. [01:08] And then he ultimately decided and he said, you know what? [01:11] I don't know who sent me these things and I don't know what these people have planned for me and or how they can destroy me. [01:17] So ultimately, maybe I'll just make it on my own, which he made, you know, the, the the Bitcoin bull. [01:25] He made the Bitcoin bull. [01:28] Even though people sent them all this stuff, he he made it on his own because he felt more secure [01:35] that he knows that it came from him and nobody can go ahead and do any devious things or hurt him in any way and hurt his brand. [01:45] And I sat back, I was like, man, like that is a, that's, that's a respectable thing to do, especially from somebody who has a big brand and wants to secure their brand. [01:55] So, [01:57] interesting that that popped up today, uh, on my timeline. [02:00] I was tagged in it. [02:02] Um, I don't know who tagged me. [02:04] I got to look back, but that was interesting conversation that he had with Akil Patterson, 100%. [02:10] As Sakasa always says, as Sakasa always says, you can you will see if you have any sort of community after 90 days. [02:21] That's always been the thing with Sakasa, which I love about Sakasa. [02:25] Sakasa always says, 90 days. [02:28] 90 days and you will see, and you will see the community and if they're still here. [02:38] And he's right. [02:40] 90 days and you will see how big your community really is and who is really going to bat for you. [02:46] And those are the, those are the things and that's how, I would probably say that's how 2016, 17, 2021, even 2023, you could identify good plays by watching how long a community stands with said project. [03:08] Whatever it is, because it doesn't mean at the end of the day, there are no leaders. [03:15] And when I say that, because at the end of the day, if a project is super successful like Shiba Inu was when I called it, when Dogecoin popped off, it had no leadership. [03:27] It's just a bunch of people that wanted to go ahead and be a part of meme culture. [03:32] When these pop off, when these things go off, [03:36] there are no leaders. [03:37] And and the devs are no longer, nobody gives a shit about the devs. [03:43] Not a single person cares about the dev. [03:46] Now the community takes over. [03:48] Look at Pepe. [03:50] You had Z as the dev. [03:52] Z and a bunch of other guys, but Z stayed. [03:56] He didn't run away. [03:57] Harambe didn't, DJ Harambe didn't run away. [04:00] He stayed, but Pepe, the community outgrew one developer. [04:10] The community actually outgrew and that's what happens with every successful project. [04:15] Cardano outgrew Charles Hoskinson. [04:20] Ethereum outgrew Vitalik. [04:24] Bitcoin has a mind of its own. [04:27] Solana has outgrown its developers. [04:32] That's when you know you have a big time, hardcore, dedicated community. [04:40] And you know what? [04:41] It's a beautiful thing to watch. [04:44] It's a beautiful thing to watch. [04:46] And it's a beautiful thing to see. [04:48] Shout out to the builders. [04:49] [applause] [04:51] Shout out to the people building. [04:54] Love seeing people put in the work and grinding away, whether it's out loud in 4K or in silence. [05:00] We all go about building in our own ways. [05:04] And I love seeing it. [05:05] I really do. [05:07] Shout out to everybody chipping it out there. [05:09] Shout out to the people who have been here for a long time, man. [05:11] That that is the thing. [05:12] This is a grinding and a grueling process. [05:17] To build something, it's not overnight. [05:19] It's not a day, it's not 30 days, 60, 120. [05:24] It could take years to go ahead and finally make a final product that is really good. [05:29] And it doesn't involve a fucking token. [05:32] I don't know how many times I had to fucking say that. [05:34] It's on fucking every show. [05:36] Doesn't need a token. [05:37] Ultimately, at the end of the day, a movement can be just like the Wall Street Bets, which is something I talked about for years. [05:45] Like the Wall Street Bets movement. [05:48] They didn't need a token. [05:50] You know what they had? [05:51] They had people that were willing to align with each other, that weren't, that didn't change, but they were the same and they were willing to move and move and move. [06:03] And they rallied for one cause and that was a main street. [06:06] So main street wins. [06:10] So main street wins. [06:12] And that was cool to watch. [06:13] Main street winning. [06:15] They went and and saved, they saved AMC, GameStop, Blackberry. [06:23] It was an amazing time. [06:27] We hope to bring that back. [06:29] We hope to bring that time back. [06:32] We hope to bring it back. [06:35] On that note, I leave you with a quote as I always do. [06:39] And I want to thank everybody again for tuning in. [06:41] [applause] [06:48] Even for the people that don't talk in, uh, and I know a lot of people tune in and they don't talk and they watch and they observe and I want them to. [06:58] Uh, where's the quote that I wanted to? [07:00] There we go. [07:00] Ready? [07:01] Here, it's a long quote, but I found it interesting. [07:07] Build a team so strong, no one can point the leader out. [07:13] Because real leadership is not about barking orders or standing in the spotlight. [07:17] It's about creating a culture where everyone moves with purpose, takes ownership and shines their own right. [07:25] When the vision is clear and the standard is respected, the whole team carries the pride, the brand with pride. [07:33] Egos kill process. [07:35] Alignment builds empires. [07:37] Put the right people in the right positions, empower them and watch how unstoppable the mission becomes. [07:43] When everyone is locked in, there is no weak link, just a unit that moves as one. [07:50] [applause] [07:57] I got to read this again because it's good. [07:59] It's good. [08:01] Build a team so strong, no one can point the leader out. [08:04] And I've always said, forget about everybody's a leader. [08:07] Everybody really is a leader inside. [08:10] There is a leader in everybody. [08:11] You should never be a follower. [08:12] Build a team so strong, no one can point the leader out. [08:16] Because real leadership is not about barking orders or standing in the spotlight. [08:21] It's about creating a culture where everyone moves with purpose, takes ownership and shines in their own right. [08:29] When the vision is clear and the standard is respected, the whole team carries the brand with pride. [08:37] Egos kill progress. [08:39] Alignment builds empires. [08:42] Put the right people in the right positions, empower them and watch how unstoppable the mission becomes. [08:49] When everyone is locked in, there is no weak link, just a unit that moves as one. [08:57] Ladies and gentlemen, and that's how franchises, empires and greatness is built. [09:05] It's built by people that understand the mission, that understand that it takes time, that understand, that understand the mission. [09:15] It's just bottom line. [09:16] And they're in it for the right reasons and not the wrong ones. [09:20] You know, I I kind of, uh, Landy was on here and, um, I think we, I don't know if we laughed about it, but we kind of sat back and and I thought about, I thought about how, you know, me and Landy and other OGs in the space, it's not about money, it's about building. [09:44] We give out our content for free. [09:46] Landy gives out Mondays, Wednesdays and Fridays. [09:50] Landy gives out and breaks down the markets for free. [09:55] You don't have to pay for Landy's content to understand where the markets are going. [09:59] You don't have to pay to listen to Landy speak. [10:03] Same thing with me. [10:04] I am here Mondays and through Fridays, pop-ups and all, doing this for free to bring value. [10:13] Whether you see it as value or not, it's value being pushed. [10:17] And do I need to build anything? [10:19] Not really. [10:20] I'm at that point in my life, I mean, years ago, forget about crypto. [10:25] I was good before crypto and everybody knows my story. [10:29] But at this point in my life, do I really need to build? [10:33] No, but I love this space so much. [10:36] I've been here, born here in this space that I want to go ahead and kind of save, I want to save the meme economy badly. [10:46] And I want to bring back what it once was. [10:49] And it's a difficult proposition because, I want to build something, but I also understand people want money and the greed and and the gains. [11:05] And no matter how much people want to believe in something, ultimately everybody understands this is the last cycle. [11:13] This is the last cycle of 500 X's, 10,000 X's, 100 X's. [11:20] Because sooner or later, this, the keys will be in the hands of the institutional players. [11:29] The volatility will be gone. [11:31] And we will be looking at two to three X to five X's as being the next 10,000 X's. [11:38] And that's where people's minds are set on, I'm trying to win. [11:44] And I'm doing everything to try to win. [11:50] So, that's the difficult part. [11:53] That is 100% the difficult part of maybe building here right now. [12:00] Right now. [12:03] So, at the end of the day, thank you so much. [12:05] I appreciate you guys again for tuning in. [12:07] I'm going to do content. [12:08] If you guys have anything that you want, whether I'm doing blue collar here, blue collar had something that was very interesting that I align with him on, which is, uh, Solana is sexier right now than Bitcoin. [12:24] And that has happened only because the Wall Street suits have come in and they've made it that way. [12:30] And also you have the younger generation that comes in here and says, you know what, $88,000 Bitcoin, $85,000, $80,000 Bitcoin is way too much for me. [12:41] And when you try to have a conversation with a Bitcoiner, or I should say a Bitcoin maxi, not a Bitcoiner, there is no conversation. [12:49] Yet, anybody within the Solana ecosystem, it's a little bit easier to understand what crypto's about, especially for people just coming into the space. [12:58] So, [13:00] I'll be touching on that topic. [13:01] I'll be touching on the AI topic that I went ahead and talked about today. [13:08] And a few other topics that I have written out, which will go out today on all the video, uh, streaming services that my account to sign up on. [13:18] X really, you know, I got to figure out X. [13:20] X wants videos, but they really don't push videos. [13:24] So, uh, it's really YouTube, Instagram, and TikTok where you can see those videos when it comes to other topics. [13:33] Obviously, the topics that do do well with video are things about, you know, the dank ass memes that we have in the space. [13:40] Anyway, thank you very much, guys, for tuning in. [13:43] And as Akil Patterson says, have a great day. [13:46] God bless you all and your families and a even better tomorrow. [13:55] [sound of a fax machine] [13:59] [sound of a fax machine]