Episode 33: The Evolution of Crypto and Business: Understanding the 10,000-Hour Rule

00:00

Hey, welcome back to the podcast. This is JR. My name is Leon and this is Social Edgy Report. We’re working on a new introduction. I like that. I like that. We’re going to get this down one of these times. We will. I think what we’ve been working on the last year, it’s kind of long and, you know, keep people on hold, but we’ll figure it out. If you guys have any suggestions, please let us know. We’re getting better at this.

00:30

Yeah. Practice makes perfect. It’s the 10,000 reps. I went on a  podcast yesterday, maybe a talk. Yeah. Um, mutual friend, Christie,  uh, went on the podcast, talked about like building companies and  you know what it takes to do everything. And I was talking about the 10,000 reps is like the most important thing.  Um, 10,000 hours, whatever, whatever, you know, however you phrase it.  Um, but that was like a super

00:59

deep conversation because I’m finding everybody loves my metaphor of sports  is my like  my sport is business because I’m obsessed with it.  Like I’m obsessed with you know, earning reports like the small parts of every business, the mechanics, the profit and loss, the you know, like I sit in a restaurant and I’m like, man, this restaurant is doing really good. That’s like 27 people. If they do that every hour, you know, they’re probably making this much money. I’m like, what’s the margin on the

01:28

the coffee cups, you know, I’m like, oh, this is probably a four or $5 margin cup, but then with employees, you know, a dollar. So I, really am obsessed with like business and the same thing with crypto. Like I like obsessed over everything. Not to interrupt your, you know, I really, yeah. I will forget what I was going to say. You’re soliloquy. Sorry. It’s what I was going to say.

01:54

Not to interrupt you because I think you spoke a lot of wisdom there, but what I just want to know is does crypto and business overlap to some capacity? Do you think?

02:06

Uh, think more and more it does. Like  it, think the interest of, of crypto is because it’s finance  in the end.  And that really fascinates me. The economics and like finance world.  Um, I like, I’m not a, like, I’m not actively day trading, but I think the best way to build wealth is, you know, investing in, in any number of things and just like, you know, early Bitcoin investor, like, yeah.

02:35

I will take heavy risk on like new technologies. Like I’m an early adopter. Like I’m on Claude bot, you know, I bought a Tesla as soon as I could buy a Tesla. Um, I had FSD, even though  the worry of the family was there. I want to, I wanted to ride in Waymo’s  when everybody else was like, Oh no, this is fucking terrifying. I’m definitely an early adopter. And I think the business part is not totally that, but the obsession is also like new tech and

03:03

just kind of like, I want to tell my grandkids, like I was in a Waymo self-driving car before, you know, any of you guys were even born. Like I’m to my grandkids. And who knows, maybe we’ll have flying Waymos by then. So that’d be fun. I was in the very few first land Waymos before y’all were born. That’d be a cool story. Yeah, exactly. Exactly. like the

03:29

You know, the early Waymo’s were  different cars. Like I saw them in Phoenix. Like  it’s very fascinating. Like  I just want to be that early tech adopter. Like I bought a zoom back in the day. You know, I was being contrarian. I didn’t want an iPod.  Um, you know, I, my, my dad, you know, had gateway PCs. My, my mom had like those brick phones in the nineties, you know, like real, like God, was like, what a brick. Yeah. My grandpa had a one this one.

03:59

or my grandma. But yeah. I got the trade of all of that. And I think that’s bleeds into crypto. think  crypto is going to be a fundamental change.  And it also highlights the fact that everything’s made up. Like all money is  relative to whatever value we place on junk.

04:20

Not all junk though. Meme coins and shit coins have, that would probably be my only pushback, but generally I actually do agree with you. Yes.  I don’t know. Crypto just really fascinates me. I could be doing anything else.  There’s a lot of things I could be doing right now, but I’m always so drawn into crypto. I think it’s  just, there’s so much potential there. It,  yeah. And more than AI. I love that it’s going, yeah, the AI is cool. Like I love Claude and everything, but I…

04:49

I think the AI poses a lot more risks to society and  what’s happening, whereas crypto  does pose some economic risk for  every government in the world as uh a whole. But I think crypto is just going to revolutionize the financial system and slowly doing that. We’re starting to see people understand crypto. it was also like, there’s only so many times in  our lifetimes that we’ll make

05:19

lots of money and have an opportunity. know, the dot com boom was one. Um, you know, the crypto was one and everybody could, you know, actually jump in on it. You know, now what’s your risk,  risk tolerance. And also I hear it all the time. I bought Bitcoin in 2014 and then I sold it in 2015 and I’m like, God,  you like just like most Americans, they don’t have the discipline to save. They don’t have the discipline to invest for the longterm. That’s why most people get tax returns.

05:49

That’s their built-in, you know, US government savings account. Like there’s just not enough discipline in that space. But you know, if, if I want to do a clever transition, like crypto is becoming mainstream. The super bowl was  AI crypto and a little bit of like other, other technology, like the internet, you know, like the Jurassic park ad and stuff. But I think the, the ads, everybody who are really talking about was

06:17

crypto first and foremost and then AI, but the AI was, it was conversation. Yes. You know, it’s funny. Um, I I’ve seen the super bowl ever since I was a kid every year. And in 2022 we actually had the most crypto ads ever. And you know, this was before FTX. That was same year that FTX collapsed, but they, have their own ad. A lot of people forget that. also now really they their own ad. I didn’t

06:46

In 2022, I’m not a Super Bowl watcher like as avid also my memory of last year’s Super Bowl is that of like a goldfish. like, I don’t remember who played. I think I remember who was the halftime show. I don’t even remember that. But I was shocked that FTX like did that, but also FTX, SBS.

07:11

also invested in Claude and like I saw his investment list and I was like, dude, it would have been the richest guy in the world, but also what a  idiot for scamming everybody.  think he would have been the second richest person in the world right below Elon Musk. Elon Musk just has an obscene amount of wealth. Like he’s  the first trillionaire and I forget who’s the second person. I think it might be like uh Larry from, from Oracle  and I know. I don’t keep track on that leaderboard.

07:40

But  yeah, talking about the Superbowl, I mean, I want to, let’s talk about that because I think it’s a very controversial thing. And also I made a post on Twitter  and on LinkedIn and on LinkedIn, actually blew up to my surprise because you don’t really hear people talking about crypto on LinkedIn. mostly see schmucks talking about business that they generated something out of AI. Like, make me sound smart here.  And small like tidbit is

08:08

creators have realized LinkedIn is a spot like for for everything like LinkedIn has quickly like turned into the creator spot. I see consistent posting from like all of those Twitter creators that are actually, you know, business group gurus out there. They’re they’re like, hey, I get 10,000 views on X, but I get 100,000 on LinkedIn and I got this many more reach. I think the feed on really is really interesting, but the

08:37

The LinkedIn feed is  so curated. It’s professionals. It’s you get rid of all the riffraff too. Like it just, just in general, you don’t get the, the people shit posting as much. You just get people  actually doing like cool kind of content. And you know, there’s the cringey stuff of like what proposing to my girlfriend taught me, but  it is a different, and it feels like a different spot. Also fucking LinkedIn is expensive.

09:06

I pay like $106 a month for fucking the gold thing. Whereas, you know, X is like three, 400 a year, you know, it’s, it’s, it’s a different type of platform. And you know, most people probably expense their, their stuff out there and, know, do it. I, know, we were in our businesses or, know, whatever job we have is paying for those things. But yeah, it’s changed it. Are we calling X Twitter anyways?

09:36

Twitter  just has more consumer adoption than LinkedIn. Like I know more people who just have a LinkedIn because I don’t know, college they were made to open one and then they just never used it again. Maybe they have their first job. Like some of my friends still have their, like a photo that’s 10 years old, you know, and they’re on their 30s now. So it’s, it’s kind of crazy.  Um, yeah. Super Bowl  arm tasks. uh

10:05

We’ll stay. I’m actually looking for the Superbowl commercial. Way ahead of you. Okay. here’s my screen.  so everyone saw it. I was in a room full of like 10 people when I saw this for the first time.  And what I want to read about this post  is  people are have mixed feelings and, I wrote and I’ll  share screen my post in a moment, but the hate that Coinbase got at the Superbowl ad is hilarious. Some people say it was good. Others think it’s bad. The CEO.

10:34

Posted earlier this week that he was actually proud of the pot of the ad but yet these people May not be so happy. So  I’m gonna cut the audio real quick because  they’re actually singing and I want the audio Okay, there we go

10:56

I actually… It’s better with audio. That’s true. Okay, wait for this. I mean, everyone, there we go.

11:10

That’s crazy.  Um, I’m not too surprised. I think there is a stereotype and I unfortunately think both of us fit into it. It’s crypto bro. Uh, are such crypto bros.  Yeah, it’s like, know, it drives a Tesla. You know, they, I wear crypto merge. I’m actually wearing a pebble, you know, a ink, a t-shirt, but also just a persona. uh

11:39

Yeah, it’s working out. There’s just like a very particular persona. We do Twitter, you know, like we do really fit into it. I’m like, I don’t really risk listen to Rogan, but I do like  Rogan show. uh So there’s a persona that is tied to crypto. And I think that is what a lot of people do. And also I think that there’s a very  liberal tinge to people that often say that crypto is a big

12:08

scam. Like I see that a lot. Like man, Democrats flipped it. Yeah. Democrats have flipped to not liking crypto.  Um, we’re supposed to have the clarity act by now. We’re supposed to have,  um, you know, just a lot further adoption  and it is really shifted because the Democrats are kind of saying like, Hey, is this the right thing? And then I think the liberal base has also gone to say, Hey, is stable coins the right thing? You know, should we privatize it because

12:37

You know, you have Eric Trump and Donald Trump really pushing into crypto. So I think there is a political tinge to all of it that is that is coloring it incorrectly. I don’t I don’t think it should be a political thing.  So ah here is my post  on LinkedIn. I posted it three days ago. It actually got twelve thousand impressions and eighteen engagements  on X. got about twelve hundred.

13:07

Impressions so about a That’s about a 10  That is  exactly what everyone talks about with LinkedIn. They’re like, hey LinkedIn I’m killing it like that, but my same post on X just  That’s crazy. I Would not expect that from from crypto Twitter like that’s what crypto is known about to be on Twitter But I’m not gonna read my entire pose. can read it if you’d like but my take from that Super Bowl that is

13:34

people are talking about it. And I think that’s what Coinbase wants. And I think as a business, you’d want people to talk about your business. So from that perspective, Coinbase won. you know, whether people say, oh you know, crypto sucks, crypto is scam, you name it. People are still buying Bitcoin. You know, I was, I swear to God, I will die on this hill. When the market sentiment is down, people will sell their Bitcoin. They think like,

14:03

I don’t want to say cheap, but it’s like I heard mentality when the market is down, people will sell their Bitcoin. And then when the market is up, people will buy the Bitcoin. They’re so contrarian to how to actually make money. It’s absolutely insane. It’s what, what we’re trying to solve with, with Mitlock, you know, a small plug here, it’s most people are vibe, vibing, like trading, vibe, economics. It’s just like why shopping happens is

14:30

You know, they want to feel good. They go to Target and all of a sudden you have $150 car and you know, it’s a dopamine rush. The same thing happens on Bitcoin. And the reason that I always hear it is, Oh, I bought it in 2014, you know, or 2015 and it was there and I sold it a year later or they buy it at the peak because they refinance their house because the hype was there and everybody was, was going for it. But you know, that was 60 K they sold it because it dropped to 40. Then when it hits a hundred, they’re buying it again. it,

14:59

It is what we’re trying to address with MintLock is,  you need kind of like a,  you know, just like an investment account, like a Roth, you need somewhere to put the money in, let it sit, don’t touch it. And the investment strategy is just go. So that’s what, that’s why we’re building everything because of,  of emotions drive most humans, us included. You you you mentioned Roth and I really liked that. I would also compare it to a 401k except

15:27

there are tax savings or tax advantages by putting your money there. We won’t offer that because, I mean, we’re just two people making a business, trying to make it go somewhere, but also trying to help people. I do think, however, there is a very  good likelihood that as legislation develops in the next few years, that that could be an opportunity. We might even be subjugated to  some financial jurisdiction, like comply with the SEC or

15:57

FinCEN, you name it. I mean, anything can happen, but the goal is in Mint Lock again, a lot of people just vibe and best people are just, know, buying at the wrong time and they get so emotional at the end of the day. What if we can just put your money somewhere, give you updates as an agent is moving that money for you, kind of like a hedge fund manager, but it’s AI. I think that’d be the way moving forward.

16:26

And it all the frameworks there, you know, kind of related to Coinbase is, know, just beyond their, their sentiment and everything in the ad is their earning report came out and the earning reports showed growth in a lot of areas, but they also met, they didn’t meet the EPS, the earnings per share. They lost them. I think it was like two 49 a share when they were expected to earn 96 cents a share. Um, and

16:56

the one thing that kind of came out of that is their business lines were 11 items and a lot of their business line is now infrastructure. It is like AI agents for AI wallet connections. is, you know, on ramping off ramping. There is so many little things that are in there that are infrastructure for businesses like us, but also for large scale businesses all over the world. So I think Coinbase is realizing that, you know, the retail side is important.

17:24

and that they’re, you know, the on ramping millions of people, but they’re also doing this.  This  tweet is, is insane to me because I love this tweet, bro. It’s got, Oh my God. It’s almost got 4 million views. When I first saw it, it was like two.  Yeah. It’s only been, it’s only been two days.  I like it to some regard, but also the other part of me, it’s just like, bro, you, you like,

17:51

You know, you’re just memeing a little too hard. was just kind of like, okay, this was a little too much at the moment, but it does make fun of  the Twitter, you know, it makes fun of the Tik Tok, you know, where people won’t watch a full fucking TV show, but you put a, running jet pack guy on top and they’ll watch the whole show no matter what. And I’m like, God damn it. I want to run a quick social experiment with you and our audience. I want to play a minute.

18:19

of this.  can always watch the full thing on Twitter. We’ll add the link on the show notes. But let’s see if you can actually pay attention or if you’ll retain attention as we watch it.

18:49

I want to show you a few highlights and charts from our recent shareholder letter, which drive this point home. So first, because Coinbase is the most trusted brand in crypto, we store more crypto than any other company. Assets on platform is how we track this and it’s grown about  3X over the last three years. We now store about 12 % of all crypto in the world, more than the next four competitors combined. And you can see even in Q4, although crypto prices came down, which showed this number lowering, the overall trend is very clear.

19:18

And this is a big part of what makes our business defensible since people are most likely to use the financial products where their assets reside. Okay. Next up our crypto trading volume market share doubled in 2025. When people store their assets with us, one of the major activities they do is trade. I honestly was about to just, I almost forgot to check if it was a minute long. I have a little, so wait, it was a minute, me ask you real quick.

19:47

Were you actually able to focus and listen to that? I’m sure you’ve seen it before, but yeah, I’ve seen it before. The first time I saw it, I had a hard time totally focusing on what he was saying. Uh, like this is like deep information. like it’s just, um, it’s just like TV there. There’s a TV shows that you watch them and they describe the whole like scene. They’re like, they’re describing it. But then there’s like things like Pluribus that if you do not pay attention,

20:15

you miss key parts  of the show.  like if you’re on your phone,  you just miss key parts of like, oh, hey, there’s a little thing in the background. Just like Super Bowl ads had like hidden things. If you’re on your phone, you didn’t see it. um I  feel like for me, and I get that they’re memeing this and it’s kind of a fun thing. For me, I was like, let me go find his actual video so that I can go like retain this because I need to  actually pay attention because it’s such, it’s.

20:45

dense information, but that was my only like, oh my gosh, like what’s going on. think I even tweeted tweeted that. Okay. I thought it was genius. I’m like, what a fucking legend, dude. This guy, he, okay. So apparently it wasn’t Brian Armstrong’s idea. It was his like press or marketing team. I’m not entirely sure. Amazing, like fun thing. think  very cool for majority of people. And I think it

21:13

Started a conversation and put his video it to a much much wider audience than it would have normally done and from a defensibility part of like hey This is like why coinbase is such a valuable company and you should invest in it and buy it for like the wall street bet People I bet you this is gonna be like hey, let’s support this company more but just from a me like consuming the content I was like, oh my gosh, let me go watch this for

21:42

for what it is so that I could understand it.  That’s a point. Personally,  I will admit I was very engaged because of the stupid subway server. Second, I don’t know.  Maybe I’ve just brainwashed, consumed my brain. But one thing I want to highlight about this subject, this guy, Matthew Kolbach, I don’t know who he is, but cool name, guess. When he first worked at the New York Stock Exchange. Okay, so that’s good to know.

22:10

Part of his job was to convince public companies to post their earning calls on social media, which was pretty controversial in the 2010s. Apparently even he couldn’t predict this.  No, I, I think it’s a super clever for 90 % of people. Like  I think most people think earning reports are very boring, but I go and like, I watched that cause I was like, Hey, that is a signal to what is happening. I go look at the stock price, the stock price after, know, like

22:39

To some regard, he posted this and his stock price was down even further. His stock price is down from IPO, which was at 250. I think their stock price sits around. Let’s go look at up the coin real quick. Let’s see what it is. It’s like 150. I think it is.

23:01

I have to go. Well, while we’re on the subject, though, crypto is down for several reasons. Apparently, this started. It’s so interesting because crypto market and the stock market are becoming more parallel.  know, before you would see crypto market going exponential where the stock market was crashing  and vice versa. But now it’s actually kind of on the same on the same path where if one thing crashes, the other thing crashes as well.

23:32

But I think,  yeah. And I think that’s the ETF inflows outflows. You’ve got, you know, perpetual and you know, calls and puts and all of that.  Um, you know, like he, he, you know, for a little while there, they were super down, but like, if you look at this at a one year pace, like, you know, even a five year, you know, all time, like it’s, it’s, know, they opened at two 50, I think,  you 381 and you know, like they’re

24:02

they’re essentially down, you know, like they’ve peaked a few times and those are when  the bull markets are  happening. it’s  a good point. It’s had a lot of ties to  the retail side and that that infrastructure side is, really  important. And I think he highlighted that on the earnings report because I think what is happening is  everybody’s signaling that retail buying of crypto is not really the

24:32

anymore. Like it’s going to get distributed to  all the places.  I think, you know, like we want to touch on this right now is like the cash app. Like cash out is now letting for uh no fee Bitcoin buys and even on $2,000 or more Bitcoin buys. They’re saying no fees or anything. They’re adding  more liquidity to the network so that you can cash out.

25:00

I’m faster and every Bitcoin, you know, if you buy one Bitcoin,  um, cash out buys and holds it there. So it’s not a perfect, like you hold it in your individualized wallet. It is like a central exchange essentially, but you don’t physically hold that Bitcoin. It’s, it’s more of, know, there, but they’re collateralizing it with, with the buys at the same time. So they’re, they’re doing the right thing and block is providing that out there. So,  uh, you were talking about cash app and one thing I,

25:30

I went to their website and I looked at their,  um, just Bitcoin, whatever I could find on Google.  And apparently as of February 9th, is this, is this the same update that we’re talking about?  Yeah. Essentially February like nine 10th, it was a cash up investor day or whatever. Okay.  So we’re seeing we’re lowering fees with clear pricing for buys over 2000. We’re removing fees and spreads entirely. That’s actually kind of big because spreads is how these

25:58

I want to say exchanges um or Bitcoin providers as a whole. They just like ATMs. Anybody who’s selling them  has a spread. It’s just like, uh if you go to the airport  in Japan and you need to get,  you know, yen from the U S dollars, there’s a spread on what the actual conversion rate is to what you’re actually paying. Same thing on most of these exchanges. There’s a spread. Yeah, totally. These, that means these people are not making money, which is really interesting.

26:26

They probably want to get a sizable, you know, part of the market by offering Bitcoin. We’re increasing Bitcoin withdrawal limits by  5X for eligible customers. We’re expanding funding rails to support larger, more reliable purchases.  And we’re improving how Bitcoin works across the app end to end.  So that’s pretty interesting. I’m not going to read through everything, but we’ll leave this link in the show notes as well. Yeah, we’ll put it on the show notes. Let me share like their…

26:55

their tweets because I think these are really interesting.  Yeah. Cash app is built for living on Bitcoin. Like so Jack Dorsey who owns cash app, is actually a company called blog.  Um,  yeah. So  yes.  Um, was it an MNA  like real quick? don’t plan on a church.  Uh,  um,

27:23

Damn, I’m actually kind of mind blown at how this guy. founded by him in 2013. Oh, It was square back then. it’s now block. Oh, well, I mean that I know. Sorry. I know he owns Block, but Cash App is Yeah, Cash App is Block. That’s literally what Block is, is Cash App. OK. Gotcha. Damn.

27:51

I didn’t know that. Jack is super there. He’s got like this, this decentralized Bitcoin communication app thing, you know, every, everything he’s pushing for out there, but this is, this is a cash up is built for living on Bitcoin. I think that’s a huge thing. And this is the part. And I touched on this, this before we were talking to show notes is  the more than an app looks  not like crypto and acts just like a regular, you know, technology.

28:17

the more that people adopt it. I think there is more people probably buying Bitcoin today on Cash App because they don’t have to have a wallet. They don’t have to onboard. They just do all the normal stuff and then they start buying it because they’re like, oh my gosh, it’s here. And then as a result, businesses get Bitcoin because people are spending in Bitcoin. Like this  is exactly what DeFi and everybody’s talking about. Like Phantom Wallet wants to be Cash App.

28:43

They have the pay thing. They have all that. It’s obviously not live, but they want to be cash up and cash up is beating everybody to this punch because they’re just doing that. Now they’re, they’re a hundred percent on Bitcoin, you know, more or less, but it, this is like huge for it. You know, they put a bunch of things in here, you know,  how it’s matured,  how these, you know, work. And then they’re even putting information of like, you know, they’re on the lightning network.  Um,

29:10

There’s a few things that are just not allowed in certain States and stuff, but essentially Bitcoin is a core thesis to  what blocking what cash app is doing. They rolled out also  credit scores for short term loans from a firm. There’s some rumors that essentially all of that will be later to do like lending, even when Bitcoin and collateralized it, just like what they’re doing in a firm is obviously owned by them. there’s

29:39

There’s some really cool stuff happening, but the Bitcoin Lightning Network lets them scale to enterprise.  also lets them do a lot more at faster speeds at merchants that are using, you know, what, what is square, um you know, terminals and stuff out there. So interesting.  Yeah. I’ve seen those square terminals, like a lot of small businesses own it. So shit, it’d be cool if I could pay for groceries at a block terminal with Bitcoin or stable coins.

30:08

Cause I kind of don’t want to sell my Bitcoin, but that’d be cool. That’d be a good future. think, but I think there’s a lot of things moving on chain. you know, there’s a ton of things moving on chain. We still don’t have the clarity act. The market is substantially down. And I always look over here cause I have that Bitcoin chart. Like we’re sitting at around 60,000, $65,000 per Bitcoin. The market is

30:34

the lowest that the fear index has ever been, I think, since,  since kind of the early days of crypto, it’s sitting around four or five for the, the fear index. And really more than anything is if the economy feels good, the economy feels good. You know, essentially the,  it’s, if it feels good, everyone believes it’s good. If everyone feels that it’s bad, like everyone feels the economy is bad, even though in many mechanics, the economy is good.

31:01

The economy is bad. Like this is the problem. It’s always about sentiment more than anything else. Perception is reality and not always reality.  that I think is influencing a lot of stuff because the positives are, know, Coinbase, even though the, you know, they’re struggling some part on earnings per share and you know, a few things that they’re dealing with because of retail side,  they’re, they’re pushing forward.  They’re in SP 500.  They’re

31:26

The Clarity Act is being addressed. The big problem is around banks  and uh essentially,  depository flight is a real risk with stable coins. Everything though  is stacking up to make crypto look really good. I think this is a moment in time that everyone’s fearful.  There’s a lot of sentiment on what’s happening in the world, Venezuela, Cuba, Russia, China,  and also…

31:52

know, grocery prices are still expensive. And again, people feel the economy is bad. And then as a result, do that. then there, but you have Bitcoin investor week going on. Eat Denver is coming up. I think there’s a lot of positives that are happening.  Like it’s,  I would, you know, I don’t want to place a better influence, anybody to invest. think right now is a really great time to invest in Bitcoin and the theory in maybe not a theory and that that stuff never moves, but in Bitcoin and these other coins that

32:21

are becoming the rails of the internet XRP chain link, know, even Monad and some of these other ones that are,  that are really pushing forward. It’s just sentiment is sitting in a weird spot. And I mean, every single company is adopting Bitcoin. Like I just got that, that Robinhood gold card, like, and I love it, but you know, Robinhood is talking about prediction markets. They’re talking about crypto more like everybody’s like, Hey, crypto is a core part. Crypto is a core part of finance.

32:51

just like AI is a core parent of any fucking B2B tech app right now. One thing I always say though  is  one prediction markets have become so abrasive. I don’t like how they’re everywhere. They’re kind of fun in their nature. was using prediction markets on Coinbase on the day of the super bowl, but big shout out to Polymarket because  they’ve, that’s the first signal that we got were

33:20

DeFi is really going.  It’s  under the hood. It’s not so much  here’s how crypto is. Put your  wallet address, set it to the right person. These are the gas fees. People don’t care about that. They care about how can I use this tool that improves money by making it faster, more accessible on my day to day.  And Polymarket was probably the best use case in recent history. But I what happens? I’m very excited for that.

33:49

I would argue though that cash app is the best example right now of making things faster and more efficient, with, with low fees because real people are touching it. Polymarket again, it’s still betting. You know, you can do stable coin rails. You can get money there and like the whole system is on, um, uh, the, the, you know, the blockchain, the ledger out there. Um, but essentially I think cash app is like the best.

34:19

delineation of like, you’re using crypto, but also you’re in an app that is using us dollars to move everything around. Like poly markets getting there. think call she, you know, in many ways is kicking poly markets ass. And I think the big part is more, yeah, they were market footprint, also they’re, they’ve got a first mover advantage right now, whereas poly markets kind of getting crushed  on  regulatory.

34:48

Yeah, because some people forget, Cal-She was actually founded and funded in 2018. And they used a lot of that VC money to get licenses, build a product, market  footprint, I guess. And then Polymarket came out two years after.  They got millions in volume and that’s how they were funded by VCs and  Peter Thiel Fund, you name it. So  now it’s kind of like Blue versus Green to some capacity.

35:16

I want to bet on if I had to pick a winner, it might be Cauchi. And I used to be a big Polymarket fan because I just love the story that Shane Copeland, founder of Polymarket went through. was like, he dropped out of NYU, he built Polymarket and then, you know, this was before back coding was a thing. So real skill on his end.  And then he only scaled up. um And he also cold called, cold emailed people.

35:44

for money saying, no, dude, this is going to be the next big thing. And he was right, you know, despite all that, I was still better on cow sheep because statistically they were backed by YC. YC has the most uh unicorns out of any startup, which is already rare in of itself. They have the affluence, the connections, the market footprint. They have all of the regulatory requirements.  I don’t think they’ve ever been sued by the SEC. could be wrong there, but the fact that

36:14

you know, they haven’t gone, you know, in trouble as openly as at least polymarket because polymarket again was rated by the FBI. I would bet on Kalchi at the end of the day. They also have two founders. I also think the Kalchi like they, they wouldn’t polymarket was trying to sort of everything out. They were, you know,

36:36

advertising to no end uh Robinhood is the rails for uh Robinhood predictions  is on the rails of call. She Pauli markets inking a bunch of deals. I think  I think it was polymarket that  inked a deal with deal with the MLS, you know, call. She’s doing the same thing. I think that there’s a lot of problems with prediction markets and sports betting specifically, and most of what these platforms are turning into is a loophole for sports betting. And I don’t really

37:06

I love that.  do think that the prediction markets are pretty cool.  I think they do predict things that are out there that normally  where money flows is the truth.  But overall, think  the net net is there’s a lot of fear in the market right now. We’re seeing that out there, but apps that traditionally aren’t crypto are becoming crypto.

37:31

In a very sneaky way. Look at call she they’re you saying USDC. They’re saying hey no feed. Yeah, they’re like settlements faster all of that, you know  cash up with block  with Bitcoin and the lightning network. They’re pushing on that and then um just  take Gus. Sorry my dogs over here licking his paw like an idiot.  I feel that my dog came comes and goes too.  I know um but  I think  the fact is

38:01

More things are finally adopting crypto. We didn’t see that adoption in 2022. We didn’t see people like integrated into there. And I think the reason AI is becoming so mainstream is every single app out there has a AI component to it. And as, as we see more and more things adopt crypto, that is when I believe we’ll see further adoption. As soon as you can buy Bitcoin and Bank of America account and you have a USDC and a US dollar,

38:30

you know, bank account that’s interchangeable. think that’s when we’ll do it. We need the clarity act. need all of that market sentiment scary for most people. But again, perception is not per perception or yep. The perception is reality and they see that the market’s bad when the market is in many ways good. And over time, I think we’re going to see the good kind of prosper, even though, you see if you ever predict what Trump’s going to do. Like you just, you just don’t.

38:58

You don’t know what he wants. And I think that’s some of the fear that’s happening. the Trump folks, the families in crypto really heavily. And I think that’s a good sign overall that they’re willing to their wealth in that, whether you like them or not. There’s very good signs because they are mining Bitcoin. They’re one of the largest miners out there. So American Bitcoin, Now, yeah, I have mixed feelings about them, but also

39:26

you know, without them, we probably wouldn’t be where we’re at with crypto. So for better for worse, crypto is going to continue to update the financial system. And there’s a lot of good with that. So I’m hopeful. But yeah, I think that’s everything that I wanted to talk about for this episode, man. Yeah, too. final thoughts for our audience? Yeah, final thoughts. Obviously, we’re a new format, new thing. If you’re on YouTube, you know, and you’ve made it this far, thank you. Leave a comment. If you’re on a podcast listening,

39:55

Leave a review,  follow us, like us, positive or negative. I think it’s really helpful and it kind of gets us moving up on the charts. Yes, sir.  All right, check out the minblog.com website. We want early testers for our product launching next month. So let us know if you want to try it out. Cheers. Thanks,