Latest / Automotive Informants / Will Your Next Car Take Crypto and Drive Itself?
Transcript
- Chris J. Martinez: this time it didn't do the the countdown, which is interesting, Zach. But welcome back. This Zach Fritz: That is very weird. Chris J. Martinez: is automotive informants. And we have a special guest today, Evgeny. How how do you spell your last or how do you pronounce your last name, sir? My apologies. Corvin. Evgeniy Korovin: No problem. Corobin. Chris J. Martinez: Okay. Evgeny Corvin. And Evgeny, if you could just give us, you know, a couple minute intro, what the name of your company is, what you do. And how you're you're involved in automotive. Evgeniy Korovin: Yeah, Chris, thank you for having me. my name is Evgeny Karovin and I'm a founder of Continuous Future. So I'm have been involved with the cryptocurrency almost for 10 years, since 2016, and that gave me a kind of opportunity to watch industry move through several very different stages. from early Bitcoin then Some sort of speculation, early stage of stable coins where it was used only like a method to keep your phones on a exchange platform, and then if you want to buy some assets you can use this one. so I was involved in wallets development, some payments infrastructure, and right now. Yeah, for us it's a kind of question is a can business actually use this technology? And we definitely can see the opportunity and we definitely can see the interest from the industries, from different types of industries. From year to year we are visiting a bunch of different events and we definitely can see how industry is changing their mind and opinion about cryptocurrency and stable coins. yeah. So By the way, it's important to notice that we do not sell any tokens. We do not g gave any investment advices, we do not predict the Bitcoin price. Yes. Chris J. Martinez: What so what do you think the Bitcoin is? Grant Cardone, he's he's somebody that's was has been in automotive for a long time, but he's in real estate primarily. And he he somebody he somebody said something about Bitcoin just gonna be it's done and he bet them, hey look, I'll bet you it th I think the guy said that Bitcoin will never get its all time highs. So the all time high is like one hundred and twenty six thousand. And he basically said, Look, it's never gonna hit that ever again. And so then Grant Cardone said, Hey, I'll bet you a million dollars it does and I'll and it does it on or before twenty twenty eight. And he said he's put put a specific date. Zach Fritz: you Chris J. Martinez: And so I don't know if that guy's gonna take the bet, but he basically responded and said, Easy money. You know what I'm saying? So he he may be taking that bet. So I don't know. I'm looking forward to hearing what that is. But Eve Ganey, I'm glad you're on. blockchain, I've been, dabbling in you know cryptocurrency for quite some time. And a lot of people told me that I'm crazy, it's it's dumb. I forget one of my business partners told me specifically, like, Chris, don't do it, right? And I made some money, I've lost some money, so maybe I'm kind of like even. so who knows? But what interests me is how quickly you can transfer money it and Zach I don't know if you've ever used any of it but I'll Zach Fritz: Yeah. Chris J. Martinez: tell you when I've done any kind of wire transfer could take three three days depending on how much you're you're transferring or wiring and Zach Fritz: Mm-hmm. Chris J. Martinez: with Bitcoin or any kind of these cryptocurrencies it's instant and the fees are like nominal. So what do you think? have you have you tried any of this stuff, Zach? Zach Fritz: So I didn't get into crypto very early. I held back. But now, I I do a little bit, but not very much. And usually on platforms that are, you I have to stay within a very defined set of lines, if that makes sense, with how I trade or what I do, just due to, you know, family members in certain positions and, you know, eyes on people. So I don't dabble as much as I want to, but I do firmly believe in it because if you look at our current currency, it's Chris J. Martinez: Yeah. Zach Fritz: not sustainable. It's backed by nothing. So, I mean, why not move over to a blockchain asset? And, you know, then if you go back and you think, well, what if we return to a gold standard or, you know, currency actually has some value or the dollar loses its value, like it essentially is going to then That's the only way forward. Chris J. Martinez: Yeah, I I think Evgeny, you may be I don't know where what your timeline is, what you think this could be mass adoption. I'll give you an example. When I first moved to San Antonio, two thousand five, and I had moved from Las Vegas. So I was living in Las Vegas for many years and I moved to San Antonio. And when I moved here, everywhere I went was cash only. And it drove me insane. I was like, man, how come I can't use my debit card? Like it was just I went from Las Vegas, the future, things happening. Everyone uses debit cards to moving here, and every it was cash only. And so I was like, my god. So I always had to be going to ATMs, right? I hated carrying cash. Fast forward 20 years later, everyone's got debt. Now, I mean, it's the the tax. With your iPhone. And remember there was a period of time where they didn't like nobody would even accept the iPhone payments. And now that's even like more widely accepted. I don't know, there's there's not many places you can even go to food trucks and you can tap your phone. So there's not many places that that don't accept it. What do you think the timeline is for more mass adoption to blockchain or these types of payment processing places. Evgeniy Korovin: Chris, just wanna mention it's a amazing example. Because yeah, it's kind of part the things that we try to explain our customers that guys just imagine few years ago. So okay, not a few c a couple decades ago. So you you can't use your credit or debit card everywhere you want to. And a lot of businesses and vendors do not even want to integrate these type of payments. we're really familiar with some guys who tried to implement it back in the days. so and all the business tells guys cash is totally fine. So but right now I mean even five years ago when I just moved to LA, I was really wondering that in some places you already can't pay by cash. They accept credit cards only. So and I believe that something similar will happen with the stable coins and not the cryptocurrency at all, because we have a lot of different types of cryptocurrencies, and I can determine the stable coins and the other ones because the other ones they have a price fluctuation from up and down, and it's not really a good way to of payment. It's still instant. fast but price fluctuation could bring some surprises and stable coins in this case just steady one dollar all the time instant fast twenty four seven weekends nights all the time and Even right now, for example you know Dmitri, our s sales leader, and so he's living in Argentina. And even right now in Argentina you can go to the market and buy some simple grocery through its everything in super small markets so they already start accept stable coins. Yeah because their fi fiat currency is kind of weak and that's why a lot of people prefer to use dollar nominated stable coins. Yeah and Chris J. Martinez: Well, but I even think about what what it means on the even the stable coins. I mean, there's plenty of stable coins that went bankrupt. more importantly, Tether, like one of the bigger ones, something, you know, there was some challenges there and they went like into some type of bankruptcy. Are stable coins stable? You know what I'm saying? Like those are some of the questions I I I find like, you know, it I think with what you guys are building. The amount of fees you could save dealers, vendors, everybody in automotive, even the consumer. I mean, thinking about like even down payments for credit cards, there's still like a three percent fee that dealers often charge. And that's astronomical. And now dealers are like translating that that credit card fee to the consumer. And if we literally if you figure out a way to and it sounds like you've already kind of figured it out, but Based on what you y I've heard you guys explain, you can literally cut that whole expense down to, like pennies almost, right? Evgeniy Korovin: Yeah, pennies, dollars, it's depending on the blockchain what covers this stable coins. yeah, so b b backing to your previous question. I believe in a five years, so a lot of things things will change and I hope that you can even buy Starbucks coffee for stable coins. Chris J. Martinez: Yeah, no, I I could see that. but who's g who's it gonna be that's gonna be the gold staple of stable coins? Is it gonna be, FDIC insurance where that that that company's not gonna go bankrupt and they're literally because it's you know, not necessarily the government, but it is, you know, where the whole US, you know, manages all of its currency. does it is it gonna have to be some type of government entity where that t takes on mass adoption where now everyone rushes to stable coins and and now that's what it is. Evgeniy Korovin: okay. let's start from the point that you can hold your stable coins as a self-custody and also you can hold it in a some custodial way, like exchange and a lot of big cha exchange. For example, BitGo, they already have a bank license. I'm not sure about Kraken, I actually heard that Kraken actually was a first who receiving bank license but I'm not sure if they covered but FDAC but BitGo is and if you're receiving your stable coins to the Bitcoin account it's already insured and then you easily can transfer it from stable coins to regular dollars. yeah and actually we we are not kind of partners, we are just referral partners for BitGo. and it's kind of honor for us because BitGo is a kind of big player. And what about question Which stable coins are good, bad, so could it be disappeared? Yes, sometimes it could, but right now we have a clarity act signed and it actually gave kind of clear rules how stable coins should be covered, how it's supposed to be managed, and how the third parties can check if it's really do do this company really have an assets to cover all the stable coins at issue. So and right now where when we do an implementation process not even an implementation but educational as well we are offering to use well-known stable coins and right now we are focusing on two of them USD USDT, Tether, and USDC Circle. We are in a Circle Alliance program, so we are in a deep conversation with the Circle team. And yeah, even right now the dealers that start accepting payments from customers, they accept USDC and Bitcoin. Chris J. Martinez: Well yeah, yeah, think about that. Zach, running a a store just in just in credit card fees, you know how much money dealers spend? You're talking, depending on the volume, of course, it could be twenty to thirty grand a month just in credit card fees. So you think about what that could do if everybody moved over to that type of transaction, even if it cut it in half, it would be worth it. know what I'm saying? But Zach Fritz: Yeah. Chris J. Martinez: there's still the people that that y it took you a while before you jumped in, right, Zach? Zach Fritz: of course, just because you look at it and it's like there's volatility associated. it's the same reason, I don't really play the stock market very much, right? very adverse to volatile markets. However, if you look at crypto, it's fairly consistent across the board. think it does, you know, we need to get to a point where there is some sort of mass, you know, adoption, right? What is the standard? I think that's kind of the boat that everybody's in and gambling on right now. But then you look at it from a implementation standpoint into dealers and one, it does save on those credit card fees, which are an exorbitant amount these days. And then you've also got a reduction in friction across the process because instead of like you said this three to four day wire transfer you've it's instant Chris J. Martinez: It takes forever. It's ridiculous. It would be cheap. It would be easier and and sometimes cheaper to take a flight to wherever you're going to transfer it to and and carry the money with you. Take it with you. It's crazy. Like you think about it and you're talking Zach Fritz: Pick up a bag of cash. Chris J. Martinez: like how fast it moves. You're talking in it's instant. You can transfer it here to here and and it's it's done. And you're like, wow, I wish like we could do that with regular money. You know what I'm saying? So Zach Fritz: Well, exactly. And I think I fall into this category where I do like to keep physical assets for some of my money. And so then it's like, okay, well, do you walk around with, gold bars or, silver, or do you walk around with something, you know, in cold storage? And I think that's a lot easier and you can always just put it back on an exchange. Chris J. Martinez: Yeah, and for me, I I I don't carry any cash or gold, or not nothing like that, right? And actually what you know Zach Fritz: Walk around with bars in your pockets. Chris J. Martinez: what's that guy's name? Dave Ramsey, or what's his name? Is it Dave Ramsey? Zach Fritz: Yeah, yeah, dang. Chris J. Martinez: He said somebody said, Well, yeah, what if the the market crashes and you know this and that? Well, you need to have some kind of gold or silver, and he's all that, no, no, no, no. If that happens, you need bullets. Yeah. Zach Fritz: yes. Chris J. Martinez: I was like, you know what? He's got a point. You know what I'm saying? So Zach Fritz: Yeah. Chris J. Martinez: guess what I I ch I generally every month try to buy some extra bullets here. So just in case. Zach Fritz: That is a Pablo Escobar quote actually, where he would say silver or lead all the time. yeah, it is, yeah. it's the two forms of currency. Chris J. Martinez: Really? You would say that, huh? That's funny. Well, you know, the currency it's it's tricky because everybody looks at the volatility of Bitcoin like it's going up, but then it it's got some low lows too. Zach Fritz: Mm. Chris J. Martinez: and like that the question about what Grant Cardone when he bet the guy, because that guy's like he's seen it so many times and he's been a an early investor in Bitcoin too. The guy the guy he challenged was Jason Kalikanakis and he's been involved in Bitcoin for a long time. It it's it's interesting that he's kind of going a different direction on Bitcoin now. but Evey, what I'm I'm Zach Fritz: Thank you. Chris J. Martinez: more we there was one of the conversations that I heard recently more along these lines was because of all these new AI agents and some of the the the all the hacking that's been going on, what are Zach Fritz: Yeah. Chris J. Martinez: some of the vulnerabilities that blockchain or any type of cryptocurrency has that would get people to question, hey, look, you know, all these other tech companies are getting hacked, NASA's getting hacked. Equifax is gets hacked, all this data gets hacked. Why wouldn't someone else want to hack money and just try to get it and put it in their own pockets? Evgeniy Korovin: Chris, yeah, n n nice question and I definitely sure that bad guys w wanna try to do that. But I believe that traditional banks they're kind of more weak in this position that stable coins actually is. but still how how cryptocurrencies w works. For example, Bitcoin. Bit Bitcoin is running on a blockchain. and this blockchain it's supported by proof of work. So what does it mean? a lot of machine doing operational stuff all over the world and they send the information, they aggregate it and they confirm the transaction, so and actually the chain of Bitcoin is the most biggest in the world right now and it's really hard to break it down. and more than that, the developers who support Bitcoin chains blo blockchain, they're already familiar with a quantum computer and they know how to resist it. And so Then we have a Ethereum blockchain. As I mentioned before, so for example, same stable coins like a USDC and USDT can be used on different blockchains. For example, Ethereum, Tron, Binance Smart Chain. This is the most common ones. Probably a lot of theory blockchains right now that could cover the stable coins. But we are offering to use mostly Binance Smart Chain, because in this case, you tell that fee could be. Cut it by twice. When you're using Binance Smart Chain, it's almost a zero. Almost as just a few pennies for any amount of transaction. Yeah, for example, Ethereum transaction can cost from dollar to two dollars, trun around three dollars. So, yeah, that's why we are offering to use Binance Smart Chain. and different smart chains, they're working on a different types of pro proofs. For example, Ethereum working on a proof of stakes. And it's previously it's used to work on a proof of work as a Bitcoin as well. And right now it's working on a proof of stakes technology. What does it mean? For example, I have some Ethereum so I stake it and it's kind of proof that I still believe in this chain. And so a lot of people all over the world doing the same and it supports the chain. So In in a two sentence, yeah, how how it's worked. So in this case, I believe that defensive potential of cryptocurrency is way higher than in r regular financial systems. But yes, still it could be a problem, but as we can see right now, we have direction in our companies that we have a people who facing with a fraud. and we actually can understand that it's not about AI just because people are gave their private information on their own on their end. So and it's not yeah, AI definitely helps fraudsters to To represent themselves as some attorneys, bank staff, supports. Yeah, they took some information, private information, keys, and took the money. So yeah, in this case AI is could be a potential risk, but not because of weak technology from the cryptocurrency side. Zach Fritz: think it's interesting. go ahead, Chris. Sorry. Chris J. Martinez: I think go ahead. No, you go ahead. Zach Fritz: I was going to say, just to kind of, you know, sum it up. So it sounds like it's more heavily based on like actual, like you said, proof of work, right? Strength of economy and belief in it. So I would almost say like it's actually more of a true, what reflection of like GDP or productivity, right? It's health of the economy surrounding it. Would that be correct? Evgeniy Korovin: yeah. Yeah. Zach Fritz: Okay, versus you've got something like the US dollar, which I would imagine if I walked up to eight out of 10 people would probably say, well, I don't really think the dollar has much value behind it. Like, what does it represent? And versus I think with crypto, I think we see a lot more of that reflection more accurately, if that makes sense, or more in real time. versus it just being something, well, we say it's worth a dollar, so we're still good. And you've got everybody backing that. So think that's really why we see more of that price fluctuation or what we would say volatility, right? Evgeniy Korovin: Yeah. Zach Fritz: Gotcha. Evgeniy Korovin: Yeah, a a and still, as a Bitcoin because more people are popular, we definitely can see the kind of speculation on this market as well. So yeah, because when it was high price, hundred twenty-five dollars, thousand dollars, it wasn't in a second or in a minute, it was a period when I mean if you have a bitcoin you can sell it for this amount. And actually when it's on the price range, someone actually buy it for Zach Fritz: Yeah, versus like... Chris J. Martinez: Well, you know what what I do like about it is 'cause you can whatever that market price is today, you can you can just transfer it, move it around. you can do some pretty cool things with it, but the stable coins I like better because you could park some money there and it's always gonna be that price. You know what I'm Evgeniy Korovin: Yes. Chris J. Martinez: saying? So and that what I like about even what what you're doing and If you can if the dealers if you can if you have a way and it sounds like you've already got this dialed in where you're basically plaid and I don't know if you've ever used plaid, Zach, but plaid is a tool that if you want to log into one of your bank accounts and it just connects to other like payment processing, it's like an intermediary that literally switches your currency and transfers it almost instantly. So and they just take a fee. So if you've you've gained if your team has adopted that and and figured that out where someone could literally just as long as they plug their bank account in, it facilitates that whole transaction and allows you to wire the money and or take the the payment via like debit card or whatever. I think doing those types of transactions could save not only consumers but dealers and vendors a ton of money. because even like right now when I take credit card take credit card payments for some of these dealers that buy our services, it's a pretty big expense to us to to be able to facilitate. We do the the benefits, we get the money in right away versus waiting two, three weeks for a check, right? And Zach Fritz: Yeah. Chris J. Martinez: If you've got a a way where they can, transact in a form, maybe even a credit card fee, maybe that's what it needs to be. The the cryptocurrency needs to be a credit card almost where they can, you know, get points and do whatever they do to facilitate those transactions. What what what is how are you seeing it most effective today? Evgeniy Korovin: so first of all, we are in connection with played right now and we are see if we can have some potential for corporations. we have a a schedule quarrel for next week. Yeah. Chris J. Martinez: Okay. Good job. Good job. Evgeniy Korovin: Yeah, so we we will keep you updating about this. and yeah I I believe that someday the all the technology will be under the hood. So for customer and they wouldn't see blockchains, QR codes, you know, the big addresses And so yeah, it will be the s I I believe same cards, cellphones, Apple Pays, yeah they will integrate it soon. Chris J. Martinez: Yeah, that's that's where I think it needs to to go. You know what scares me though is that guy who had like, I don't know, five hundred million dollars on in Bitcoin and he threw it away, his card, and then he spent millions of dollars digging in the the dumpsters, not the dumpster but the landfill. Zach Fritz: Mm-hmm. Chris J. Martinez: And he finally gave up after years because he just could not find that key. that's what scares me, because they always talk about, yeah, get it off the exchanges because the exchanges go bankrupt, they can go hacked, and this and that. And then they scare you into getting your own thing, but then they give you this key. I don't know if you've ever seen those keys, Zach. But these keys Zach Fritz: Mm-hmm. Chris J. Martinez: are ridiculous. They're like fucking twenty questions and you're looking at it like excuse my language, but you're you're looking at it, you're like, my Zach Fritz: The end. Chris J. Martinez: god, what what are we doing? and then you lose it and you're you're You're you're like where where'd my money go? Zach Fritz: it comes down to it operates more at that level where it is like carrying physical gold on you or, know, and then you've got to protect it. Hence all these different keys and ways to get in and security. But yeah, like in the same way that if you dropped a nugget of gold and lost it, your money's gone the same way if you forget your password. it's just what kind of security do you want to have? Which I'm not saying one's better than the other. Evgeniy Korovin: Exactly. Yeah, exactly exactly. It's yeah, same thoughts, same as a cat. Just imagine you you you're losing your wallet. Zach Fritz: Yeah. Yeah. Evgeniy Korovin: That's it. Yeah. Yeah, so so someone find it to cash through all it away, that's it. Yeah, but but Zach Fritz: Yeah. Evgeniy Korovin: in in but still seems like losing the key that you do not hold in your pocket every time, it's kind of easier than losing your wallet. Yeah, and it's Zach Fritz: That's true. Evgeniy Korovin: kind of responsibility, yeah, that still kind of hard. Yeah, and Chris, yeah, re really nice thought that Everyone tells guys do not hold your assets on a exchange and it's totally fair. But in other hands, when people hold it on their own, they still can lose it. And it's interesting thing that we have a implementation process for educational and implementation process for one of the businesses. And then it it's it was a small business and the owner gave me a call in a few weeks and tell me, Hey Eugene, did you remember this key? Twenty words? Yeah, yeah, yeah, of course. So I lose it. Can you give me a new one? Chris J. Martinez: Yeah, that's the problem. There's no forgot password. Zach Fritz: Yeah. Chris J. Martinez: if you for if you lose your password, you're it's game over. You've lost your money. there's no way to get in it. And so that's where I Zach Fritz: Mm-hmm. Chris J. Martinez: think the hacking argument kinda stops because to be able to, you know, hack into things, you need a I mean, you need I mean, there's some super smart people out there, but it's not that easy. You know what I'm saying? Like that's Zach Fritz: Right. Chris J. Martinez: It's crazy to think that that w that kind of stuff happens. Zach Fritz: Well, then it makes you think too, just from a speculative mindset is what happened to, weren't people gonna get implants in their hands or something that was like a, this is me thing. Then, yep. Chris J. Martinez: That still might happen, bro. that's still Neuralink, it's they're putting it in your head. You know what I mean? well, I'll tell you when I was at Amazon Whole Foods, I was buying something and they made it so you could kinda like put your palm over. Like based on your palm, Zach Fritz: Yeah. Chris J. Martinez: like you can just pay like that. I I don't know if I haven't seen that in a while, but I mean it's you never know, man. Zach Fritz: I think everybody, whenever that chip thing was being talked about, everybody was like, that's the mark of the beast. And then everybody was freaking out. But I think then it comes down to imagine a world Chris, you're driving your cyber truck or your cyber truck is driving itself. And you can then think with Neuralink, Hey, I want a coffee. And then your blockchain automatically pays Starbucks for your coffee and your cyber truck just says, okay, detour drives in and picks up your coffee. Chris J. Martinez: That's real, that's actually realistic. that that may happen, maybe not in our lifetime. more maybe not my lifetime, but maybe your lifetime for sure. Zach Fritz: I think that's a 10 year timeline. Chris J. Martinez: I think, I think for sure. I may just miss the mark. but you may see it. Zach Fritz: It's nuts. Chris J. Martinez: It like cyborg, all that's like to me, I think that's at some point we're all gonna be it'll all be like that because it starts Zach Fritz: Yeah. Chris J. Martinez: with people that really need help, right? You've got people that have net can't walk, can't use their arms, and now they're using their mind to like control the whole computer and talk and do all kinds of things. But as they perfect that kind of stuff Why wouldn't you wanna have that superhuman type power? You know what I'm saying? Zach Fritz: Yeah, did you see the advertisement for the Meta glasses recently? the advertise, like I've always thought the Meta glasses, like just from my YouTuber perspective, I see people doing these POV, like, I just don't like it. And then you see their advertisement, it spins it a whole nother direction and it's, know, disabled vets who can't see anymore or lost their eyesight in combat. And it's like, hey, you know, Meta, what am I looking at? And it's like the American flag. And it's like, well, great, that solves a problem. So, I definitely see that. Chris J. Martinez: Eugene or Eve Geni, what do you think? You think that's where we're going? Evgeniy Korovin: yeah. I mean hated to love it, but yeah. Zach Fritz: Yes! Chris J. Martinez: Well that's three of us and we're from different parts of the country and that's kinda what we're seeing too, Zach Fritz: Mm-hmm. Chris J. Martinez: right? Like it's it's scary it's it's not scary, it's just different, right? Like we saw the flying car, yes, that was cool, but is that ever gonna really happen? Will it ever become like street legal and you know, just imagine, you know, I think it could get there because of self driving, but I think self driving In ten years, everybody will have a self driving car. A hundred percent that's gonna happen. Maybe flying Zach Fritz: Yeah. Chris J. Martinez: cars is probably thirty years away, if not longer, but it's it's possible. That'd be kind of weird, to see, you know, a bunch of cars flying around and it it it's interesting. Evgeniy Korovin: I also believe that self-driving will be prohibited some days. Just in a special Chris J. Martinez: You think it will, huh? That's interesting. Why why do you think that? Evgeniy Korovin: because I still love to drive manuals and for for me, yeah, it it will be by the way, Zach, my favorite car is Lancer Evolution Evo. Zach Fritz: I love it. I love it. Evgeniy Korovin: Yeah, which generation is your favorite? Zach Fritz: last one. you can't you Evgeniy Korovin: Are you still on Tandles? Yeah. Zach Fritz: can't get over the last generation. I know everybody hates it the Evo 10 was everybody said Evgeniy Korovin: I I love it. Zach Fritz: it's beautiful it was bigger right it was bigger it was heavier but if you truly compare it against a WRX or you know an STI I think it's a better car unfortunately they don't make them anymore so we're starting with that. Chris J. Martinez: Here here's the here's a stat for you guys, though. Point six percent of all new cars being rolled off the lot like in the market, that's how many people are that's how many are being manufactured manual transmission. Zach Fritz: Yeah. Chris J. Martinez: So you it's a dying breed, and so yes, there's still a lot of people that like it, it's safer. I'm telling you, it's just the way people are like I would rather like all these people, you drive around the town and you see they're all texting and driving. There's more debts on texting and driving now, it Zach Fritz: Mm. Chris J. Martinez: seems like, than I've ever seen in my life. Zach Fritz: Yep. Chris J. Martinez: And with self-driving, that that solves that problem. You know what I'm saying? Zach Fritz: It happened to me the other day. saw I was driving down the road I saw some girl texting on her cell phone while she's driving so I rolled down my window and I threw my beard or to get her to pay attention Chris J. Martinez: Yeah. There was like I'm telling you, this happened to me maybe two weeks ago. I'm at the I'm in the median and I and My wife's driving because she picked me up because we went to go do some stuff and she was already in the car and I just jumped in. And we're in the median and then all of a sudden there's this lady that's driving across the to to the median next to us. But instead of going in the median, she stayed over here because she saw a car coming the other w other direction, right? So she's there and I'm like, man, what is this lady doing in the middle of the road? And then all of a sudden this other car comes right. In front of me, and this lady, I don't know, she's like looking this way, all of a sudden hits her T-bones her. And I'm like, Zach Fritz: Mm-hmm. Chris J. Martinez: my god, like I can't believe that just happened right now. Texting. I've seen people get like sideswipe a motorcycle and he flew off the bridge, and that was real life, and that's because the other person was texting, and so. It's scared the taxi and driving and I've been guilty of Zach Fritz: Yeah. Chris J. Martinez: it. hate to admit, but with self driving, it's a non event now. Zach Fritz: It's easy to I almost equate cars going more towards, know, FSD, cause you had posted about this earlier this week, Chris, with, yeah, I like it was smooth. Chris J. Martinez: That's a good segue right there, by the way. Zach Fritz: Cars going more towards FSD, I almost see the adaptation happening, and yes, I love to drive manual transmissions. I love being engaged to the vehicle. I learned to drive on a 1940s tractor with a manual transmission. So. I love it and I'll always have that connection, but you almost see it happening in this way that kind of how motorcycles started to die out in America, right? We saw safety improvements with cars, we saw seat belts, and then we saw more people say, well, hey, instead of being on two wheels, four wheels is more stable. I can get away with being a little bit lazier and ensure that I'm going to get where I need to go. And I think FSD and self-driving is kind of steering more that direction where then you look at what motorcycles are today, less of a transportation necessity and more of kind of a nice to have enthusiast let me, you know, go do that my own free time and have fun with it instead of hey I need this to commute. Chris J. Martinez: Well look, automotive news dropped the Nissan Rogue is on its way. Let me tell you the exact headline. It said something Nissan is chasing Tesla or something other with the next rogue. It said something like that. It it caught my attention. I was like, I was thinking, man, Nissan's now going in the game, right? Zach Fritz: Yeah. Chris J. Martinez: No, they're not. it's just gonna be that they can now do over the wire updates, which is good, but Zach Fritz: Thanks. Chris J. Martinez: I look at Cadillac or General Motors Cadillac, Mercedes-Benz, there's a there's a bunch of OEMs, Hyundai. There's a bunch of OEMs jumping into FSD that they're by 2030. 2028, some of them are gonna be hitting the market, 2030 more. But my prediction is by 2036, realistically, every OEM should be in the FSD pla space just just because it's just safer. me personally, when my kids get to the age that driving, I don't see any reason why I wouldn't. want to buy them a Tesla just because of the SSD. Now my hope is there's other OEMs that have it because then I'd rather just get you know if there's different options or cooler I'd want to go that direction. But that's the direction you know I think we're going as a as a market. Zach Fritz: 100%. I think so my background with ADOS, right? driver assist systems and actually targeting and calibrating a lot of these, very early systems that then started to adapt and got crazy like Nissan with ICC, it went into what developed FSD. And the limitation has always been just our infrastructure, right? The lines on the road. That's exactly why Cadillac with their whole super cruise, it was inconsistent because the lines on the road and the road from, you know, county to municipality were always different, right? So once that standardization hits, which I think a lot of what has come out with vehicles with cameras and the ability to track this with more advanced techs such as a Tesla has laid out the infrastructure. once, you know, I don't want to call it like an equivalent to Google Maps driving around and mapping an area. Once it's mapped, well, then it becomes a lot easier. And then also once we start to see implementation of consistent paint, consistent line width, consistent everything across roads, well, then it's easy. Chris J. Martinez: Yeah, I don't know that we'll ever get consistent on on line roads and all that. But it just means Zach Fritz: Probably not. The mapping. Chris J. Martinez: that it just means that the system has to be that much smarter. You know, Zach Fritz: does. Chris J. Martinez: and I and believe me, don't get me wrong, I use FSD every day, a hundred percent of the time. I use it to park. I use the summons feature. The parking feature this morning it sometimes it like parks it really quick. Other times it does some goofy little, you know, side thing that just keeps on moving. I feel like I'm on Austin Powers TV. Well, no, how you know how he was doing that little those little turns? Like that's what I feel Zach Fritz: You're like, let me out of here. Chris J. Martinez: like I'm in those trying to park with the the the Tesla sometimes. And I get those things, so then I just move and just park it myself because it just it it's taking too too long for me. Zach Fritz: people are looking at you. Chris J. Martinez: they probably are, but usually I'm on my phone, unfortunately, and it's just parking itself. You know, my wife gets mad at me, she's hey you're always on your phone and I'm like, Well, I'm I'm trying to work, but it happens, right? But I think Zach Fritz: Yeah. Chris J. Martinez: you know, have have you tr driven one of the FSD Eve Ganey? Evgeniy Korovin: no, not yet. Chris J. Martinez: You haven't that see, that's what it is. Most people that haven't done that. And I've been guilty of it. The first time I tried it, I was like, but it makes you put your hand up. And every now and then, like you have to be looking. Like I didn't really I was just it was just an it was like it was it lost its its thunder for me. But then a year ago, or actually a little over a year ago, I bought my Cybertruck. And now FSD is so much further along that I'm like This is great. And then because I have Grokbot in my FSD truck and t having it talking to it, having it, you know, schedule things and do a bunch of different things while I'm driving and I'm on my phone. Man, you you can get so much work done and it's great. So now I'm thinking I may wanna just get an office that's a little further because they're cheaper a little further from me and I may want to do that. You definitely need to try it, Eugene. If Zach Fritz: It's. Chris J. Martinez: you haven't tried it, I think you'll be convinced. what's your commute like right now in Los Angeles? Evgeniy Korovin: so I mean I'm working not that far from office. my home is not that far from office so sometimes I can't even go walk Zach Fritz: Thanks. That's Chris J. Martinez: Well then that's good. Zach Fritz: perfect. Chris J. Martinez: But if you ever have to drive, it's I can't imagine driving in Los Angeles right now. Evgeniy Korovin: Yeah, yeah, yeah, Chr Chris, I definitely agree with you. But actually z i it's one of the reasons why I do not drive in a lot in a EVA because the manual transmission and the the roads is r really stuck so yeah yeah it's and j just imagine so your as I mentioned, you're involved in driving and it's fun it is, but not every day. And sometimes you definitely you so you're on a way and you need to do something. And just imagine you do not need to hold the wheel and do not pay any attention around. Yeah it's just just going from one office to another mobile office which brings you to a for a meeting or something. Yeah and you have time for prepare. Yeah, yeah, it's amazing. I I even think that the the body of the vehicle could be different in a few years. No no okay, not in a few, maybe in a ten, twenty years. Chris J. Martinez: No, I really think based on how many Rivian now, they ended up moving to FSD and they're advertising it like crazy on all their new vehicles that they have self-driving. And so you look at the commercials that they're having. Even today, I I saw one this morning and it's literally just driving itself. And Zach Fritz: Yeah. Chris J. Martinez: that's like even when I look at like my wife has a Mercedes beautiful vehicle. But It doesn't have F S D and so every time I look at it I'm just like, Yeah, mine mine just feels cooler because it just I don't have to worry about driving. You know what I'm saying? So it's Zach Fritz: Yeah. Chris J. Martinez: and I that's where I think Mercedes is gonna come out with something at some point. I think they already have it in Dubai, on the S class. But if they can put Zach Fritz: Yeah. Chris J. Martinez: that in every one of their vehicles it's that would feel like a true luxury vehicle because it's drive you you have your own chauffeur, it's it's your own valet, because with the summons Zach Fritz: Yeah. Chris J. Martinez: feature, I literally just drive it. There's there's some nuances though, I'll tell you. I was at a event and I r it had the summons feature. And just so you guys know what summons is, Evgaine, is on my app, if I have my car parked far away, all I have to do is press the button and my car will come pick me up. And so I Zach Fritz: Okay. Chris J. Martinez: did that the other day. A lot of traffic going on. And then all of a sudden, some some I think I don't I don't know who it was. Some lady was pulling out and she was just taking her time. I don't know what was happening. And then you had all these other people and then someone else coming around. And so my car was just staying there and I was like, Man, I better just go over there 'cause they're gonna be like freaking out. There's the car's by itself in the middle of the road driving and I saw a bunch of little kids and I was just like, I better just go over there. So I I ran over there but outside of that it's been great. it's Zach Fritz: Yeah. Chris J. Martinez: it's pretty amazing. Evgeniy Korovin: It is. Yeah. it sounds Zach Fritz: I think it's... Evgeniy Korovin: like a like like a future. Zach Fritz: Yeah, I see a lot of value and I've had my schedule lately has been absolutely insane. So I will find myself, trying to, if, know, I've got an event to go to or something, I'll try to ride with somebody just so in the meantime, I can get work, right? If it's a commute into downtown Denver, it's like, well, hey, you drive, I'm going to be on my phone the entire time. And that's very convenient. And I think it's, as a car guy and somebody who's like, hell yeah, I love to go fashion and shift gears. I think it's just about, tempering your expectations and what is the car, what is the purpose the car serves, right? That's the exact reason of having, a sports car, right? Versus a daily driving. Yeah. Yeah. Chris J. Martinez: don't get me wrong. I love I love the AMG GT. I love the Porsche, the Lambos, the Fr. I love all of that stuff. But is it you know Zach Fritz: Yeah. Daily. Chris J. Martinez: I don't want to be have to drive I really hate driving, to be honest with you. I I'd rather, you know, do stuff while you know it just seems like a waste of time to be to be honest Zach Fritz: Yeah, Chris J. Martinez: with you. Zach Fritz: I think about driving to Texas back and forth. I'm like, do I want to sit here just staring at the windshield for, 11 and a half hours, 12 hours? No, I'd rather knock out 12 hours of editing videos or, you know, getting stuff done. Like, that would be nice. Yeah. Chris J. Martinez: It's n it's nice. I'm telling you, it's nice. Y one of my business partners, he w he came over to to Texas recently and we went to dinner and it was driving itself and his wife was immediately thinking, my god, because she doesn't like driving in the bigger city. And this is Zach Fritz: Mm-hmm. Chris J. Martinez: perfect. But even elderly people, they don't want to be trying to f have someone going through all this traffic. it just drives itself. Zach Fritz: There's been a thought on my end. my wife, I work from home right now. So my wife is currently commuting and her commute is like 45 minutes. And so every day it's just complaint after complaint, you the driver's on the road, they suck. And I've thought about it before. I had the ability to park a third vehicle right now, then I would probably just end up picking up a Tesla so she didn't have to pay attention on her commute to work, which would be really damn nice. But then I look at sacrificing Chris J. Martinez: Yeah. Zach Fritz: my truck and I'm like, ugh, what do I do? Chris J. Martinez: Sacrifice the truck truck, sir. Happy happy wife, happy life, sir. And it's just sitting there. What are you doing? It's just sitting in your parking garage, sir. Zach Fritz: That's true, that's true. It's too expensive to drive now anyways, so, kinda what's the difference? Chris J. Martinez: Gas prices are through the roof. now, Evgaini, we're we're at the the top of the hour. We've talked quite a bit about some blockchain, some FSD. I think, you know, robots, cyborgs, flying cars, I think the future's gonna be wild. No matter what you the which way you look at it, terminator esque style life style could be coming. or if you you're like me, I think it's more a cross between Demolition Man and The Terminator. So I don't know if you if you guys ever seen that movie. It's a great movie. You should check it out. Sylvester Stallone was the man in that movie. even what's it Wesley Snipes was great in that movie too. But it's you know, the future's gonna be interesting. And I think what what does this all mean today though? Evgeny, what can dealers do to understand the blockchain and then how can they get in contact with you? Evgeniy Korovin: So what what are you thinking? So going through understanding process it's a kind of preparation. So you do not need to rush with accepting stable coins right now, but to being informed, being prepared is a kind of readiness as well. So If someone is really interesting so we can be contacted through website continuous future dot com and we are more than happy to explain how it could be affected, what is the way, what is the angle, right angle to start with and yeah. Chris J. Martinez: Yeah, we what I like about w your company, you you're already in dealers right now doing this. So it's our it's not like it's some future thing. It's like happening right now where you can help them save some money. So if you guys want to learn more, it's continuous future, you said dot com. Continuous Evgeniy Korovin: Yes, yep. Chris J. Martinez: future dot com. That's that's actually I'm I'm I'm looking forward to to learning more and understanding what you guys are doing long term and I'm looking forward to it. Zach, before we head on out. We s we talked about a lot, sir. What what do you think? How can dealers understand what's happening and what can they do to to improve their business today? Zach Fritz: I think it does come down to just preparing yourself, right? It's doing your research, doing your due diligence and not necessarily being apprehensive about the future, right? Cause things are going to change with or without us, but understanding what's coming, understanding what is on the horizon and starting to make a game plan for how do you adapt or not adapt towards that in some cases. I think... The best thing people can do is watch this podcast, make sure that they're subscribed to it so that they stay up to date on what's coming down that pipeline. Chris J. Martinez: Amen to that. for me, I think Understanding where the buyer's head could be today, because if you're someone like myself that is interested in this type of technology, as a dealer, you got to understand how do you sell your advantages against that type of technology. Because you know, some of these technologies, like even the Nissan, they do have some propilot, they do have some light versions of this, you know, autopilot self driving technology. It's not the same, but there there are some advantages. advantages to having it this way versus the other way. and just understanding what what that looks like. And if you know how to, sell against certain things so that people understand it, you're more likely to get that sale today. So understand what's what people are doing in the market. That's how I always try to, you know, adapt and you know do better in in environments where they're not as easy. Is the best no matter what environment they win. So Zach Fritz: 100%. Chris J. Martinez: please subscribe if you get and GIs and and your girls enjoyed this podcast. Please subscribe, share, all the other things that they tell you to do, comments. What are the other I mean I don't even I'm not I'm not really too attuned to what to say at the end. Zach Fritz: What are we doing? We're liking, sharing, commenting, subscribing. Make sure you've got that bell icon turned on so you get notified every single time we release a new episode. That's my YouTuber coming out. Evgeniy Korovin: Mm-hmm. Chris J. Martinez: There we go. All right. Perfect. Well, Gaini, thank you so much. Zach, as always. Until next, next Evgeniy Korovin: Thank you. Zach Fritz: Appreciate it. Chris J. Martinez: week, this is automotive informants. Thank guys. Zach Fritz: Thank you. Evgeniy Korovin: Thank you.