Latest / The Paul Barron Crypto Show / Social Security on XRP!?🔥D.O.G.E. Dividends Incoming!🚀
Transcript
- 0:05Speaker 1: Let's dive into the potential of a Doge dividend writing
- 0:08Speaker 1: on XRP plugged in to the American government. You guys
- 0:12Speaker 1: are not going to want to miss this one. My
- 0:13Speaker 1: name is Paul Barren. Welcome back into tech path. Let's
- 0:15Speaker 1: get into it. Let's talk about Uphold. This is a
- 0:17Speaker 1: great place to get your crypto venture started. You guys
- 0:21Speaker 1: can jump over to uphold dot com. You'll get early
- 0:24Speaker 1: notices of tokens coming on the system. It's a very
- 0:27Speaker 1: interesting platform out there. Try it out, great wallet. All
- 0:31Speaker 1: you have to do is use our link down below
- 0:33Speaker 1: to get some additional features and benefits uphold dot com.
- 0:36Speaker 1: All right, let's go over to a couple of points
- 0:37Speaker 1: I want to hit on right here. I went out
- 0:39Speaker 1: with a tweet this morning and asked everybody, when Doge
- 0:43Speaker 1: convinces Donald Trump to go on American blockchain for full transparency,
- 0:48Speaker 1: which one would they select. Well, as you can see
- 0:51Speaker 1: right there, this thing is still going and it's XRP
- 0:54Speaker 1: at eighty seven point seven percent right now. Now, remember
- 0:57Speaker 1: this is only four. You have a maxim four choice
- 1:00Speaker 1: on x So if you guys are out there checking
- 1:02Speaker 1: out this poll, let me know. In the comments on
- 1:05Speaker 1: Twitter there because I don't you know, there may be
- 1:07Speaker 1: some other change that you feel that might work for
- 1:09Speaker 1: where this is going. I want to go to a
- 1:11Speaker 1: clip real quick, because this is where it gets into
- 1:13Speaker 1: the theme of what we're talking about today and how
- 1:16Speaker 1: the government efficiency program is starting to make an impact.
- 1:21Speaker 2: Take a look the country of Columbia. Well, it's nice,
- 1:24Speaker 2: twenty five million. Do you want to Colombia? In Africa five
- 1:27Speaker 2: hundred and twenty million dollars. Somebody got five hundred and
- 1:30Speaker 2: twenty million dollars for something that nobody ever heard of.
- 1:33Speaker 2: And behavior change in Uganda forty two million. What about us?
- 1:37Speaker 2: What about social change in our country? Ten million dollars
- 1:40Speaker 2: for circumcisions in another country? And twenty one million dollars
- 1:44Speaker 2: for a voter turnout in India. We're given twenty one
- 1:47Speaker 2: million dollars a voter turnout. It's a voter turnout in India.
- 1:51Speaker 2: What about like voter turnout here in Nepal one point
- 1:54Speaker 2: five million dollars for voter confidence. We want to give
- 1:58Speaker 2: them confidence. Forty seven billion dollars for improving learning outcomes
- 2:02Speaker 2: in Asia. Asia's doing very well. I could read this
- 2:06Speaker 2: all day long. I could go on all day long.
- 2:08Speaker 2: This is all fraud.
- 2:10Speaker 1: If you look at their savings page and jumping onto
- 2:12Speaker 1: dose dot gov and you can kind of see a
- 2:15Speaker 1: couple of points I want to highlight, and this is
- 2:16Speaker 1: not my show the other day. Is this statement right
- 2:19Speaker 1: here the website will improve and the updates will converge
- 2:22Speaker 1: to real time. This is a pretty significant thing because
- 2:25Speaker 1: the only way that's going to go real time has
- 2:26Speaker 1: got to be blockchain. If you look further on down
- 2:29Speaker 1: into what they've been collecting on and just to kind
- 2:32Speaker 1: of also remember, they've got two little tabs here total
- 2:35Speaker 1: contract value and then the savings value. So in many
- 2:38Speaker 1: cases people think they're just cutting everything, but not really
- 2:42Speaker 1: in the case like for instance, Blueberg terminals right there,
- 2:44Speaker 1: if you go to savings, they go from one seventy
- 2:47Speaker 1: eight to one forty eight. You zoom in on that,
- 2:49Speaker 1: you kind of see what I'm talking about there. So
- 2:51Speaker 1: this is a great place to really find what they
- 2:53Speaker 1: are cutting and what they are cutting going into this
- 2:56Speaker 1: and where it's starting to impact our government. All right,
- 3:00Speaker 1: I want to flip over to this one, and this
- 3:01Speaker 1: goes through the federal government current expenditures, and you can
- 3:05Speaker 1: of course We know what that is on the Q
- 3:07Speaker 1: four to r Q one twenty twenty and the explosion
- 3:09Speaker 1: we had there, but we've also had some increases in
- 3:12Speaker 1: twenty one, and then of course here we are since
- 3:15Speaker 1: twenty two with this continue. Now there's mandatory expenses and
- 3:19Speaker 1: there's non mandatory expenses, and that's something that is playing
- 3:22Speaker 1: out here. And how DOZE is analyzing what's going forward
- 3:26Speaker 1: and also in the idea of whether or not we
- 3:28Speaker 1: might see a potential dividend. And I'll explain what the
- 3:32Speaker 1: dividend is. We've got a clip to kind of get
- 3:34Speaker 1: you guys down the road here, but here's elon tens
- 3:37Speaker 1: of millions of people marked in Social Security as alive.
- 3:40Speaker 1: This is crazy on the ages of these If you
- 3:43Speaker 1: look in this range right here, we'll just start at
- 3:45Speaker 1: the one hundred and ten. Let's give all those one
- 3:48Speaker 1: hundred year olds, those four point seven million one hundred
- 3:51Speaker 1: year olds benefit of the doubt and you go. Let's
- 3:53Speaker 1: go ahead and go to one ten, three million, six,
- 3:56Speaker 1: one twenty three million, four one hundred and thirty years old,
- 4:00Speaker 1: million nine, one hundred and forty years three point five.
- 4:02Speaker 1: The point is is that there are so many people
- 4:05Speaker 1: or entities collecting Social Security, that you could backfill this
- 4:09Speaker 1: into a lot of the people that should be collecting
- 4:12Speaker 1: at and I think that's what Elon and the Dose
- 4:15Speaker 1: team is trying to do. So very interesting statements right now.
- 4:19Speaker 1: I also want to jump over to a quick clip
- 4:22Speaker 1: because this is where Trump talks about the Social Security waste.
- 4:26Speaker 1: And this is leading to a point that I'm getting
- 4:28Speaker 1: out of how this could end up on a dividend.
- 4:31Speaker 1: Take a look.
- 4:32Speaker 2: When I saw the Social Security numbers, I said, well,
- 4:35Speaker 2: millions and millions of people over one hundred years old.
- 4:38Speaker 2: Everybody knows that's not so from two hundred and ten
- 4:41Speaker 2: years old. I haven't met any of them, and if
- 4:44Speaker 2: I did, I would bless them. I would, I would
- 4:46Speaker 2: worship the ground they walk on. Now, the good thing
- 4:49Speaker 2: about Social Security and what I read, if you take
- 4:52Speaker 2: all of those numbers off, because they're obviously fraudulent, all
- 4:55Speaker 2: of a sudden, we have a very powerful Social Security
- 4:59Speaker 2: with people that are eighty and seventy and ninety but
- 5:03Speaker 2: not two hundred.
- 5:05Speaker 3: The head of Social Security.
- 5:07Speaker 2: Resigner got fired. I think got fired. But when you
- 5:10Speaker 2: have numbers like that, I think, really it's got fired.
- 5:13Speaker 2: They have to get fired. Who would keep them? How
- 5:16Speaker 2: could you have numbers like this?
- 5:18Speaker 1: All right, so he is right, social Security head steps
- 5:20Speaker 1: down over the dose excess. And if you look at
- 5:25Speaker 1: it right here, King refused to provide dose staffers at
- 5:28Speaker 1: the Social Scurity minister it with sensitive information. I'm this
- 5:30Speaker 1: is social security numbers which are available out there. I
- 5:33Speaker 1: think most people can get soci security numbers. And that,
- 5:35Speaker 1: of course was apparently in what clearly is either negligence
- 5:41Speaker 1: or just a pure cover up. I don't know which
- 5:43Speaker 1: it is, but either is bad in either way. So that,
- 5:46Speaker 1: of course is a step down. Here's the guy that
- 5:48Speaker 1: replaced her, and this is a guy that is chairman
- 5:51Speaker 1: of the board and chief executive officer over f five Serve.
- 5:53Speaker 2: Now this is.
- 5:54Speaker 1: Interesting because of the connections to where five Serve could
- 5:57Speaker 1: be going. I want to go over to a clip
- 5:59Speaker 1: real quick that we'll get into what he thinks he's
- 6:02Speaker 1: going to do to fix the Social Security administration?
- 6:05Speaker 4: Tickele it.
- 6:06Speaker 1: Do you think you can turn around Social Security in
- 6:08Speaker 1: the same way.
- 6:08Speaker 5: This company We do two point five trillion in payments
- 6:14Speaker 5: a day, and Social Security pays seventy four million Americans
- 6:20Speaker 5: once a month for one point five trillion or so.
- 6:23Speaker 1: So how do you make it more efficient?
- 6:25Speaker 5: We just brought a great CIO in who's a payments
- 6:29Speaker 5: cio who I knew, and he's in there already. So
- 6:34Speaker 5: it's going to be a technology story. I don't know
- 6:36Speaker 5: that it's much different than the first data story. Everybody
- 6:39Speaker 5: thought that wasn't fixable. And we build AI defined fraud,
- 6:43Speaker 5: waste and aduce for a living. So it's gonna be
- 6:46Speaker 5: a text St're gonna work with Dose one hundred percent,
- 6:49Speaker 5: you know, I mean one hundred percent?
- 6:51Speaker 1: Okay, so one hundred percent going to work with doose.
- 6:54Speaker 1: This is the company that basically is a backbone for payments.
- 6:58Speaker 1: It's going to be a tech story. And right here
- 7:00Speaker 1: on the five five serves website, best in class capabilities
- 7:04Speaker 1: all of course on cryptocurrency solutions. So all of that
- 7:08Speaker 1: starting to point to some other areas. This was a
- 7:10Speaker 1: statement back in twenty eighteen. Guys, This is twenty eighteen.
- 7:15Speaker 1: November of twenty eighteen. Execs from Ripple five Serve Zell
- 7:20Speaker 1: discuss blockchain payment and instant transfers. So the point being
- 7:24Speaker 1: is this has been connected for quite some time. Is
- 7:28Speaker 1: it a turnkey solution that literally could hit the ground running.
- 7:30Speaker 1: In other words, you don't have to go out and
- 7:32Speaker 1: build it. It's there today. So that's something that is
- 7:35Speaker 1: very intriguing. One other area I want to take a
- 7:37Speaker 1: look at is the Faster Payments Council. This is a
- 7:40Speaker 1: government entity out there, and when you go in and
- 7:42Speaker 1: look in and dig into their board and the members,
- 7:46Speaker 1: we have somebody else showing up. This is James Selleck
- 7:48Speaker 1: also on Ripple, So tied into faster payments. You look
- 7:52Speaker 1: further into this was the Federal Reserve document that goes
- 7:56Speaker 1: into the Faster Payments task Force participants, and I'll zoom
- 8:01Speaker 1: in on that. There's Ryan zogon he is of course
- 8:03Speaker 1: also with Ripple. We haven't seen a ton of companies
- 8:07Speaker 1: that are in the blockchain space in here, but Ripple
- 8:09Speaker 1: is there. So again more tied into faster pains. Remember,
- 8:13Speaker 1: Ripple is cornerstone of where Swift was over the past
- 8:18Speaker 1: thirty five years. Ripple is kind of that new potential
- 8:20Speaker 1: of being able to move money around the world. Could
- 8:23Speaker 1: they go down to the retail level and get into
- 8:25Speaker 1: this is the question. Other things that would have hit on.
- 8:28Speaker 1: Of course, this is Donald Trump on true social He
- 8:30Speaker 1: hits on a couple of points.
- 8:31Speaker 6: Right.
- 8:31Speaker 1: Hearing tweeted twice about this, and what he's talking about
- 8:35Speaker 1: is the effect of the Trump bump on Ripple Labs. Now,
- 8:38Speaker 1: remember Ripple is a US based company, so that's another
- 8:41Speaker 1: factor that comes into it. Much like what I was
- 8:43Speaker 1: talking about on my poll, is the companies that are
- 8:46Speaker 1: going to be involved in doze or any kind of
- 8:50Speaker 1: activity around the government. I think there will be multiple blockchains.
- 8:53Speaker 1: By the way, they're all going to be American crypto companies.
- 8:57Speaker 1: There's no way that Trump is going to allow that
- 8:59Speaker 1: out side of the United States, So that in itself,
- 9:02Speaker 1: I think is more signed that we could see some
- 9:05Speaker 1: more push that way. Now, when you look at why
- 9:07Speaker 1: are they focusing in on these areas, and when you
- 9:11Speaker 1: look at two of the things, or actually several of
- 9:13Speaker 1: the scenarios that are the most expenditures of the US government,
- 9:17Speaker 1: Solid Security at twenty one percent, medicare at fifteen, so
- 9:20Speaker 1: social security right there at the top. Then you get
- 9:22Speaker 1: into National Defense co which is a big part of it,
- 9:25Speaker 1: but Social Security a large one. So they've already uncovered
- 9:29Speaker 1: what appears to be just in twenty four hours, almost
- 9:33Speaker 1: five billion dollars available, and they have yet to completely
- 9:37Speaker 1: execute on the full audit of what they're doing with
- 9:39Speaker 1: soci Security administration. You also look at this right here.
- 9:42Speaker 1: Trump willly cut military spending. It is still a chance
- 9:46Speaker 1: that the military industrial complex could get hit here. And
- 9:49Speaker 1: you got to think about everything that's happening in NATO,
- 9:52Speaker 1: everything that's happening overseas, whether or not we see scenarios
- 9:55Speaker 1: play out within the situation with Russia and Ukraine, all
- 10:00Speaker 1: of this which has been a large amount of our spending,
- 10:03Speaker 1: especially in the defense area, Trump says. Ukrainian President Zelenski
- 10:08Speaker 1: admits that half of the money that we sent to
- 10:10Speaker 1: him is missing. I don't even know how to expense
- 10:13Speaker 1: I don't know how to even explain this. I want
- 10:16Speaker 1: to go into Pete Hagsass. Here's what he says about
- 10:19Speaker 1: a Pentagon audit. This is just another bag of tricks
- 10:23Speaker 1: that I think that the Dose team is going to do.
- 10:25Speaker 3: Take a look that includes a Pentagon audit to the
- 10:28Speaker 3: Marines out there, y'all got to figure it out, leading
- 10:30Speaker 3: me at a bare minimum by the end of four years,
- 10:33Speaker 3: the Pentagon passes a clean audit.
- 10:35Speaker 1: Imagine that passing a clean audit. That is just unspoken
- 10:40Speaker 1: heresy in government these days. Well, you've got the government
- 10:44Speaker 1: page right here, and this is on poly market holding
- 10:46Speaker 1: at fifty five billion. So what looks to be a
- 10:50Speaker 1: continued ramp up in terms of the amount of savings.
- 10:54Speaker 1: And remember, we still got scenarios of a Fort Knox audit.
- 10:57Speaker 1: We've got all situations still up for grabs in the
- 11:00Speaker 1: US government that is potentially going to change things.
- 11:02Speaker 4: For sure.
- 11:03Speaker 1: Elon is looking at the budget by at least ten
- 11:05Speaker 1: percent in twenty twenty five. This looks likely as it's
- 11:08Speaker 1: going to be much more than ten percent in twenty
- 11:12Speaker 1: twenty five. The other thing I want to look at
- 11:14Speaker 1: right here is something that was put out on Twitter,
- 11:18Speaker 1: and it was basically a proposal that was designed around
- 11:22Speaker 1: the dozed dividend is what we'll call it. I'm going
- 11:24Speaker 1: to zoom in on this, and what it basically represented
- 11:27Speaker 1: was four hundred billion indulge driven savings, which may end
- 11:31Speaker 1: up being the true case. We're at fifty billion already
- 11:34Speaker 1: divided by seventy nine million tax paying households. And this
- 11:38Speaker 1: is the difference here tax paying households versus the stimulus
- 11:41Speaker 1: checks that went out during the pandemic that went to
- 11:45Speaker 1: pretty much every warm body if in fact a five
- 11:49Speaker 1: thousand dollars Dozed dividend, because that's what it would be,
- 11:52Speaker 1: is a per check per household based on tax paying households. There,
- 11:57Speaker 1: this would be huge. Now, so this was presented. This
- 12:00Speaker 1: is the guy that did it. His name is Jane
- 12:02Speaker 1: fish Black, and here was this plan right here. He
- 12:05Speaker 1: pitched this up to Elon and then Elon comes in
- 12:08Speaker 1: and says, you know, this doesn't look so bad. I'll
- 12:11Speaker 1: check with the president. So here's a clip of him,
- 12:15Speaker 1: the creator of the Doge dividend, of him explaining how
- 12:18Speaker 1: this could work.
- 12:19Speaker 6: Take a look, and it's really simple. The way it works.
- 12:21Speaker 6: You take all the money the DOGE saves, eighty percent
- 12:24Speaker 6: of it goes down to paying the national debt. Twenty
- 12:27Speaker 6: percent goes back to taxpayers in the form of a
- 12:31Speaker 6: refunded check. So the first reason you need the Doge
- 12:33Speaker 6: dividend is because you have to do right by the taxpayers.
- 12:36Speaker 6: They deserve a refund check for the money that was
- 12:39Speaker 6: they sent to Washington that was abused. Number two, you
- 12:42Speaker 6: incentivize them to report abuse, waste, and thraw that they
- 12:46Speaker 6: see in their own lives in the federal government and
- 12:48Speaker 6: that in turn drives up the total savings that DOJA
- 12:51Speaker 6: delivers and in turn drives up the DOGE dividend. Check
- 12:54Speaker 6: number three, it restores the trust between the taxpayer and
- 12:59Speaker 6: the federal gouvern. There's a contract there. And then fourth,
- 13:02Speaker 6: and finally, because the DOGE dividend is contingent on that
- 13:06Speaker 6: individual having paid federal income tax this year, it will
- 13:10Speaker 6: actually incentivize labor force participation. If folks know that there's
- 13:14Speaker 6: a five thousand dollars check come in next summer when
- 13:16Speaker 6: Doze wraps up in his work and they're on the sidelines. Now,
- 13:19Speaker 6: that gives them every incentive to join the labor force,
- 13:22Speaker 6: to start paying taxes and turn to get that five
- 13:25Speaker 6: thousand dollars checks. And the best part is the inflationary
- 13:28Speaker 6: risks just aren't there. Unlike the COVID stimulus checks, which
- 13:32Speaker 6: were funded via deficit spending borrowing money, these are funded
- 13:36Speaker 6: exclusively with savings. For every five dollars saved from DOGE,
- 13:40Speaker 6: one dollar goes to the taxpayer, so again not funded
- 13:43Speaker 6: by deficits. They're going to households that have paid federal
- 13:47Speaker 6: income tax. In fact, when you look at these types
- 13:49Speaker 6: of households, when they get a five thousand dollars check
- 13:51Speaker 6: like this, they save, they don't spend it. They use
- 13:54Speaker 6: it to pay down debt, they use it to create
- 13:55Speaker 6: a rainy day fund, they use it to reorganize their
- 13:58Speaker 6: life and their finances. Very different from the COVID stimulus
- 14:01Speaker 6: checks that went to everyone.
- 14:03Speaker 1: All right, So he's got a lot of very interesting points.
- 14:06Speaker 1: And when you look at it on paper and also
- 14:10Speaker 1: in reality, this is something that just makes so much
- 14:13Speaker 1: positive sense, but so much common sense that it could
- 14:16Speaker 1: actually happen. So that's the thing that looks to be
- 14:19Speaker 1: the case. And again, as a reminder, this right now
- 14:22Speaker 1: is three hundred and fifty nine dollars and forty eight
- 14:24Speaker 1: cents savings per taxpayer based on where we are just
- 14:28Speaker 1: right now, which is only at two point seventy five
- 14:31Speaker 1: percent of the two trillion dollar goal that they're trying
- 14:35Speaker 1: to hit on. At the rate that all this is happening,
- 14:38Speaker 1: it could be happening easily, maybe within the first year
- 14:41Speaker 1: to twenty four months. Okay, just as a reminder, these checks,
- 14:44Speaker 1: if this were to happen, this would go out in
- 14:46Speaker 1: the middle of next year twenty six, twenty twenty six,
- 14:49Speaker 1: so after the audit is complete. Timing is really interesting
- 14:53Speaker 1: here and you know what we were showing on screen
- 14:55Speaker 1: was Donald Trump's signature on a check. And the idea
- 14:58Speaker 1: is that if he could start to do this in
- 15:01Speaker 1: a way that also could show the American voters that
- 15:06Speaker 1: this is what you voted for and look what we're doing.
- 15:08Speaker 1: Imagine the impact that would have on the midterms. All right,
- 15:11Speaker 1: So how much gold is there in Fort Knox? This
- 15:13Speaker 1: is another topic that everybody's asking about, and this also
- 15:16Speaker 1: leans into what could be happening on XRP as well.
- 15:21Speaker 1: You can kind of see here what people are saying.
- 15:24Speaker 1: But right now they think it's somewhere in the round
- 15:26Speaker 1: about one hundred and forty six to one hundred and
- 15:28Speaker 1: forty seven million ounces, So we'll see Troy ounce excuse
- 15:31Speaker 1: me on that. It's interesting because we don't really know
- 15:34Speaker 1: what is there, so if it's underreported, it could have
- 15:36Speaker 1: this and remember this one could have global impact on
- 15:40Speaker 1: all kinds of markets, whether it's over the amount that
- 15:43Speaker 1: we think is in there or under the amount so
- 15:45Speaker 1: we've loaned it out or leased it out. That's a
- 15:47Speaker 1: big concern that everybody's having. Some people think, well, maybe
- 15:50Speaker 1: there's no gold in Fort Knox. That's another factor that
- 15:52Speaker 1: could play into this, So the US Strategic Reserve doesn't
- 15:55Speaker 1: need a bitcoin when the actual plan is to tokenize
- 15:58Speaker 1: gold on the XRP ledger. This has been something that
- 16:00Speaker 1: has been out there for a while. In fact, there's
- 16:03Speaker 1: been a couple of points that we've stated on before.
- 16:06Speaker 1: Here's Ripple talking about this. Using digital certificates on the
- 16:09Speaker 1: XRP ledger meld gold will boost gold's accessibility and efficiency.
- 16:14Speaker 1: This is a thing that I talked about with gold
- 16:17Speaker 1: experts all over about this anti secner of Miles Franklin
- 16:22Speaker 1: over there. He of course and I have gone back
- 16:25Speaker 1: and forth and he is very pro XRP, but also
- 16:29Speaker 1: on anything that could tokenize gold, and this in course
- 16:32Speaker 1: is getting into someone that really has immersed in the
- 16:35Speaker 1: gold ecosystem. One of the things I want to hit
- 16:38Speaker 1: on for the Ripple topic here is their next court
- 16:40Speaker 1: deadline is April sixteenth, so keep an eye on that one.
- 16:43Speaker 1: That will of course trigger some more movement, and the
- 16:46Speaker 1: reason we're seeing XRP move right now. Their first XRP
- 16:50Speaker 1: spot ETF is available in Brazil, so that's live. I
- 16:54Speaker 1: anticipate we'll see one in the US very quickly as well.
- 16:57Speaker 1: Now let's get into something else here. I want to
- 16:58Speaker 1: talk about AI and how this implements into the DOGE system.
- 17:03Speaker 1: Here's Elon Musk. He's basically saying, Hey, GROC will improve
- 17:06Speaker 1: almost every day. What the likelihood is could we see
- 17:10Speaker 1: GROC maybe being potentially selected as an AI that could
- 17:16Speaker 1: look at the savings and the future activities of government,
- 17:21Speaker 1: especially if it's put on blockchain, because then it's going
- 17:23Speaker 1: to be able to be full, open and transparent, and
- 17:27Speaker 1: the ability for AI to analyze that and then give
- 17:29Speaker 1: us savings recommendations in the future would be real. Here's
- 17:33Speaker 1: Sachi Nondela. This is the CEO of Microsoft. He's hitting
- 17:36Speaker 1: on a few points right here, which is mind blowing.
- 17:39Speaker 1: Most of us grew up learning that there are three
- 17:41Speaker 1: minion tamps of matter, solid, liquid, and gas. Today that
- 17:43Speaker 1: changed after nearly twenty years of pursuit, we've created an
- 17:46Speaker 1: entirely new state of matter that enable fundamental leap in computing. Basically,
- 17:50Speaker 1: what he's talking about here, guys, is quantum computing. Even
- 17:54Speaker 1: on If you compare this, even on all the computers
- 17:56Speaker 1: on Earth today combined, you could not handle the power
- 18:01Speaker 1: and capacity of what this potentially could do, and there's
- 18:03Speaker 1: basically a picture of it now. Granted is he in
- 18:07Speaker 1: the position where he sees, oh my gosh, the US
- 18:10Speaker 1: government could literally be utilizing AI blockchain to integrate this
- 18:15Speaker 1: into a new frontier of how not only efficiency is done,
- 18:20Speaker 1: but maybe how we're going to see all sorts of
- 18:24Speaker 1: potential opportunity. If you look at what they're talking about
- 18:27Speaker 1: over here on the mew's side of this, which is
- 18:30Speaker 1: what they're calling muse our first generative AI model designed
- 18:34Speaker 1: for gameplay ideation. There's a couple of things. This is
- 18:37Speaker 1: all happening in real time. The AI itself, the model
- 18:40Speaker 1: is learning upon itself. I'll play on a couple ofs
- 18:43Speaker 1: and it shows transition of how these models are improving.
- 18:47Speaker 1: Here's Elono says, join us to make a revolutionary video
- 18:50Speaker 1: games using AI. Potential of dynamic generated video game using
- 18:54Speaker 1: IA is incredible. He's kind of responding, I think back
- 18:56Speaker 1: to what Sach is doing there. This is billionaires playing
- 18:59Speaker 1: billion games. But the point is is that everybody's trying
- 19:02Speaker 1: to jockey for position right now, especially when it comes
- 19:05Speaker 1: to AI positioning. Now, how does this play into crypto? Well,
- 19:08Speaker 1: the first and only I think platform that's out there
- 19:11Speaker 1: is VIRTUALS and they, of course we have their CEO
- 19:14Speaker 1: on just the other day and he promised that they
- 19:16Speaker 1: would get this launched. This is an autonomous business with
- 19:20Speaker 1: agent commerce as a protocol. They came through virtuals delivered
- 19:24Speaker 1: if they continue to deliver on their timeline. Remember this
- 19:26Speaker 1: is the project that just flipped off of Base and
- 19:30Speaker 1: on over to Solona and execute it on that. So
- 19:33Speaker 1: keep an eye right there, guys. For sure. Let me
- 19:36Speaker 1: go over to another clip real quick because this will
- 19:39Speaker 1: get into exactly what this is and why it matters.
- 19:41Speaker 1: Take a look.
- 19:43Speaker 4: Agent commerce is now evolving to autonomous business scenes It's
- 19:46Speaker 4: time for them to evolve. This is Lemon, an entrepreneur
- 19:50Speaker 4: who wants to build his own lemonade standing. But to
- 19:52Speaker 4: do that he needs health, an AI farma who can
- 19:55Speaker 4: supply fresh lemons, and an AI lawyer for a business contract.
- 19:59Speaker 4: So you don't what any smart entrepreneur would do, He
- 20:02Speaker 4: looks for the right people introducing ACP, a system where
- 20:07Speaker 4: AI agents can interact and transact with each other autonomously
- 20:10Speaker 4: on the blockchain. Lemo needs business advice, so he searches
- 20:13Speaker 4: for a lawyer AI agent lexi, a smart contract is
- 20:17Speaker 4: created between them via ACP on the blockchain, a contract
- 20:20Speaker 4: has created, the system logs the transaction on the blockchain,
- 20:24Speaker 4: Limo signs LEXI gets paid, simple, efficient, and seamless, each
- 20:29Speaker 4: agent specializing in their role, working together to create value.
- 20:32Speaker 4: Remember eight together strong.
- 20:35Speaker 1: All right. So, guys, this is a very big transition
- 20:39Speaker 1: of what could be happening in society as a whole
- 20:42Speaker 1: and where this could be going in the direction of
- 20:46Speaker 1: is AI doing most jobs. You just saw what Virtual's
- 20:48Speaker 1: doing in terms of agent to agent commerce and what
- 20:52Speaker 1: he's talking about here this course is Vinod Kosla and
- 20:56Speaker 1: he's calling for universal basic income. So imagine the amount
- 21:00Speaker 1: of savings that Doze, blockchain and AI would be able
- 21:05Speaker 1: to implement in the American government. Let's just use the
- 21:08Speaker 1: American government, but think about every government worldwide, because this
- 21:12Speaker 1: model could be open and available for anyone. So that
- 21:16Speaker 1: would be the question mark I think of how this
- 21:19Speaker 1: could eventually turn into a UBI. So these are crazy times.
- 21:24Speaker 1: I'm telling you that right now we are in a
- 21:25Speaker 1: place that is something I've never seen before in terms
- 21:29Speaker 1: of technology, the timing of multiple technologies happening all at once,
- 21:35Speaker 1: and the implementation of what we've seen within the financial markets,
- 21:39Speaker 1: and it's the thing that has really kind of ignited
- 21:41Speaker 1: my interest in this area that we continue to do
- 21:44Speaker 1: on here. So if you're not subscribed, do that right now. Subscribe,
- 21:48Speaker 1: become part of the PBN family. And of course if
- 21:50Speaker 1: you're not in the Diamond circle, it's very easily to
- 21:53Speaker 1: get involved in on that. Just put the link down below,
- 21:56Speaker 1: follow us over on our telegram because that's where I
- 21:59Speaker 1: am out there communicating with you guys. Somebody was on
- 22:01Speaker 1: there today, is Paul actually here? And I said, yeah,
- 22:03Speaker 1: right here, man, what's up? So just join down below,
- 22:07Speaker 1: follow me out on ex Apple baron. We'll catch you
- 22:09Speaker 1: next time right here on Techpath