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Transcript

TRON Finally Flips Cardano!🔥Stablecoin Disaster? · The Paul Barron Crypto Show

• 0:06
  Speaker 1: We have a top ten new token out there, and
• 0:08
  Speaker 1: of course this is one that you guys have probably
• 0:10
  Speaker 1: quite a bit aware of, and that is Tron and
• 0:12
  Speaker 1: it's moved over. Cardinal will be breaking this down for
• 0:15
  Speaker 1: you today. You don't want to miss it. My name
• 0:16
  Speaker 1: is Paul Barren, Welcome back in the tech path. I
• 0:18
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• 0:20
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• 0:21
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• 0:27
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• 0:29
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• 0:30
  Speaker 1: And of course, if you are a Tron user and
• 0:32
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• 0:34
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• 0:38
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• 0:40
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• 0:41
  Speaker 1: All right, Let's go over to a couple of points
• 0:43
  Speaker 1: I want to hit on. One, of course, is just
• 0:45
  Speaker 1: going into coin market cap as Dominance holds at fifty
• 0:49
  Speaker 1: five point seven on Bitcoin. But the interesting thing is
• 0:53
  Speaker 1: right here in the number ten slot, and that is
• 0:56
  Speaker 1: Tron now flipping Cardono. One thing that is happening is
• 1:01
  Speaker 1: the SEC seems to be on pause here, so the
• 1:04
  Speaker 1: judges rejected the SEC's move to go against Tron in
• 1:08
  Speaker 1: the Tron case. So this may be a good thing,
• 1:09
  Speaker 1: but I feel because of the scenario and how Tron
• 1:13
  Speaker 1: is connected more so to Tether than anything, that this
• 1:16
  Speaker 1: is pretty much a nothing burger. So I don't even
• 1:18
  Speaker 1: know if this is going to affect what the markets
• 1:20
  Speaker 1: are going to end up doing. A couple other points
• 1:22
  Speaker 1: that I want to hit on right here is that
• 1:25
  Speaker 1: one billion in tether has been minted on Tron. When
• 1:28
  Speaker 1: you look at tether on Tron, completely different scenario, much
• 1:32
  Speaker 1: more fast, speedy, and of course free, low cost.
• 1:36
  Speaker 2: And very dependable. So that's a big advantage.
• 1:38
  Speaker 1: I think going forward, other things that are happening within
• 1:40
  Speaker 1: the Tron ecosystem are building around the availability, especially on
• 1:45
  Speaker 1: some of the big retail centers. Now you guys have
• 1:47
  Speaker 1: probably heard us talk about a company by.
• 1:49
  Speaker 2: The name of Grab.
• 1:50
  Speaker 1: They are one of, well, I would say, the leading
• 1:54
  Speaker 1: company in Asia in terms of food delivery. And this
• 1:58
  Speaker 1: goes back all the way back into twenty eight eighteen
• 2:00
  Speaker 1: where they officially took control of Uber's Southeast Asian operations.
• 2:04
  Speaker 1: And I want to go to a clip real quick
• 2:06
  Speaker 1: and give you guys kind of an insight.
• 2:07
  Speaker 2: Let's go to this.
• 2:08
  Speaker 3: There is a huge demand for it around like twenty
• 2:12
  Speaker 3: beating US dollar of transaction right now. Recently we have
• 2:16
  Speaker 3: seen like grab start to adopt its stable pint on
• 2:20
  Speaker 3: troyntwork to facilitate their payment. Grap is like Uber in Asia, right, yeah,
• 2:28
  Speaker 3: it has like Uber eas you know, you can use
• 2:31
  Speaker 3: it to purchase e commerce. I believe will see US
• 2:37
  Speaker 3: city and also get in Uber and the uber is eventually,
• 2:41
  Speaker 3: I believe, and I believe probably in the few months,
• 2:47
  Speaker 3: we're gonna see like TikTok Lasada like older major players
• 2:53
  Speaker 3: in Southeast Asia will integrate into troy Network. That's like
• 2:58
  Speaker 3: something they have to right. You call stairs the traffic,
• 3:02
  Speaker 3: there's the demil the customer, and IB eventually is going
• 3:06
  Speaker 3: to expand to us as well.
• 3:09
  Speaker 1: So if he is truthful and we are and he
• 3:12
  Speaker 1: does believe that's going to happen, this could be a
• 3:15
  Speaker 1: huge opportunity for tron if you look at their current
• 3:18
  Speaker 1: market cap and where this could go. Setting right now
• 3:23
  Speaker 1: at number ten, right around thirteen, let me kind of
• 3:26
  Speaker 1: run in on that third right around thirteen billion. If
• 3:28
  Speaker 1: you look at what the potential is here, you could
• 3:31
  Speaker 1: literally see this maybe up in that number seven slot
• 3:33
  Speaker 1: starting to go head to head with XRP at around
• 3:36
  Speaker 1: thirty three billion in terms of market caps. So a
• 3:39
  Speaker 1: lot of things happening around all of this, and of
• 3:41
  Speaker 1: course I think that's why we've already started to see
• 3:43
  Speaker 1: this move into top ten token all right, So one
• 3:45
  Speaker 1: of the reasons that cardonald could have moved out of
• 3:47
  Speaker 1: the top ten. Many people have been pushing for stable
• 3:50
  Speaker 1: coin demand, and of course the overview of stable coins
• 3:53
  Speaker 1: on Cardinal not looking good right now. As you can see,
• 3:57
  Speaker 1: total transactions in comparisons account owders not a lot. Here's
• 4:02
  Speaker 1: another area that is kind of interesting. Tron right there
• 4:05
  Speaker 1: leading the way address is sending eight point sixty five
• 4:08
  Speaker 1: million quite a bit there. So if you look at Cardono,
• 4:14
  Speaker 1: I'll highlight this area right here about foreigner stablecoin transactions
• 4:17
  Speaker 1: per day quite low compared to the three hundred thousand
• 4:20
  Speaker 1: daily transactions on Tron and Ethereum with fifty five thousand,
• 4:24
  Speaker 1: so Theoreeum is about one hundred and forty times better
• 4:28
  Speaker 1: when you look at it in comparison. So this is
• 4:30
  Speaker 1: another problem that has been out there for quite some time.
• 4:33
  Speaker 1: It's one that I think the Cardinal community has been
• 4:36
  Speaker 1: you know, kind of showcasing for quite some time, and
• 4:38
  Speaker 1: it's a problem that eventually, hopefully they're going to address.
• 4:42
  Speaker 2: Now.
• 4:42
  Speaker 1: Cardono did have an event here recently. One of the events,
• 4:46
  Speaker 1: RFK was there. There was a handful of you know people,
• 4:49
  Speaker 1: but there was a lot of other projects that were there.
• 4:51
  Speaker 1: If you look at just the amount of companies that
• 4:54
  Speaker 1: were involved in this, this was a lot of different
• 4:57
  Speaker 1: integrations of companies out there. Many of course you'll wret
• 5:00
  Speaker 1: recognized there, including gaming companies.
• 5:02
  Speaker 2: There's waged Me. We've talked about those guys before.
• 5:05
  Speaker 1: Wag Me of course one best gaming project, not necessarily
• 5:09
  Speaker 1: well not on Cardono. The other thing that won this
• 5:12
  Speaker 1: is kind of crazy.
• 5:13
  Speaker 2: If you know.
• 5:14
  Speaker 1: Anything about Cardono and Neo Tokyo's community, then you probably
• 5:19
  Speaker 1: find this tongue in cheek. But Neo Tokyo came away
• 5:23
  Speaker 1: with the best Community award at rare Evo, which.
• 5:26
  Speaker 2: Was kind of interesting to see and watch.
• 5:29
  Speaker 1: I want to go to a clip real quick because
• 5:30
  Speaker 1: this will get into some of the details around the
• 5:33
  Speaker 1: event itself and what Charles was talking about.
• 5:36
  Speaker 2: Charles Hoskinson pretty much the world leader of Cardono.
• 5:41
  Speaker 4: Take a look, so what did we do?
• 5:43
  Speaker 5: We built Cardono, That's what we did. If you doubt me, bankless,
• 5:50
  Speaker 5: who's not here. Look at all the booths, look at
• 5:53
  Speaker 5: all the people. Does this feel like a ghost chain
• 5:55
  Speaker 5: to any of you? Hell no, they're scared to this ghost.
• 6:01
  Speaker 5: It's a pretty real ghost. There were competing events NFTXLV
• 6:06
  Speaker 5: and rare Evo. You got to negotiate. We got to
• 6:09
  Speaker 5: get these events to merge, and it was tough. You know,
• 6:11
  Speaker 5: both sides had some grievances, but for the good of
• 6:13
  Speaker 5: the ecosystem, didn't make sense to have two events right
• 6:17
  Speaker 5: around the same time in Vegas, not that big yet,
• 6:20
  Speaker 5: and they worked something out.
• 6:22
  Speaker 1: I don't know if you would say that's an exciting
• 6:24
  Speaker 1: presentation there by Charles, but hey, the cool thing is
• 6:27
  Speaker 1: that they had the event. There were people there in
• 6:30
  Speaker 1: combination with rare Evo, so the boosts are back there
• 6:33
  Speaker 1: in the back, most of which were not necessarily on
• 6:36
  Speaker 1: Cardono in terms of associated with cardonos. So I would
• 6:40
  Speaker 1: say it's a slight win for Cardino in general. But
• 6:43
  Speaker 1: the reality, I think the key here is that there's
• 6:47
  Speaker 1: going to need to be a lot more adoption. I
• 6:48
  Speaker 1: think stable coin is gonna be one of the big
• 6:50
  Speaker 1: deals that holds them back to really continue to fly.
• 6:53
  Speaker 1: Getting knocked out of the top ten, that's another thing
• 6:55
  Speaker 1: I think that just is not good for the chain.
• 6:58
  Speaker 1: Other things I want to hit on is what Charles
• 7:01
  Speaker 1: Hoskinson revealed about the Hydra project.
• 7:04
  Speaker 5: Take a look, there's one point five billion eight US
• 7:07
  Speaker 5: sitting in a treasury ready to go. How many people
• 7:10
  Speaker 5: keep saying we need marketing, we need branding. Yeah, I
• 7:14
  Speaker 5: completely agree, because it's about time we get some credit
• 7:17
  Speaker 5: for the crap we've done, especially when Vitalic copies us.
• 7:21
  Speaker 5: We're talking about how do we showcase Hydra because Hydra
• 7:24
  Speaker 5: is amazing technology. We're so excited about Hydra. We designed
• 7:27
  Speaker 5: Extended UTXO specifically for Hydra. We said, well, we need
• 7:31
  Speaker 5: something that everybody understands instantly, everybody's touched, everybody's done. That
• 7:37
  Speaker 5: would put Hydra in a position where people realize how
• 7:40
  Speaker 5: powerful the technology is.
• 7:42
  Speaker 4: What about putting doom on Hydra?
• 7:43
  Speaker 5: And I said, it sounds like I'm giving you hundreds
• 7:45
  Speaker 5: of thousands of dollars and you're going to make that happen.
• 7:47
  Speaker 4: Doom and Hydra, Charles killing it. How many tps could
• 7:52
  Speaker 4: you do? We have all the tps now, Twitter, I
• 8:00
  Speaker 4: got something for you, little math.
• 8:03
  Speaker 5: Thirty five frames per second, thirty five transactions per se,
• 8:06
  Speaker 5: and that's about a million tps.
• 8:07
  Speaker 4: Yeah, we fucking did it. That's going on the lead
• 8:10
  Speaker 4: of art.
• 8:11
  Speaker 5: Pretty amazing, Hydro, pretty amazing.
• 8:14
  Speaker 4: Where we're at. Don't fuck with cardono.
• 8:17
  Speaker 2: I guess you could do it that way.
• 8:18
  Speaker 1: That's one angle in which you could increase in pad transactions.
• 8:23
  Speaker 1: Here was another upgrade that he talked about there at
• 8:26
  Speaker 1: the event. This one was where he was talking a
• 8:29
  Speaker 1: little bit more about a wallet upgrade.
• 8:31
  Speaker 2: Take a look.
• 8:32
  Speaker 5: We started as an idea on a whiteboard with nobody,
• 8:37
  Speaker 5: no papers, no code. We're here today.
• 8:41
  Speaker 4: Now.
• 8:41
  Speaker 5: You get three people together talking about something, you get
• 8:45
  Speaker 5: a paper. You get a million people together talking about something,
• 8:48
  Speaker 5: You go to the moon. So I have another announcement,
• 8:51
  Speaker 5: I said, we have a few announcements. You know, for
• 8:53
  Speaker 5: years and years and years I was talking about merging
• 8:55
  Speaker 5: old things and new things together. So this right here
• 8:59
  Speaker 5: is a paper wallet, and this is coming to lace.
• 9:04
  Speaker 5: You print it out, you put it in your safe,
• 9:06
  Speaker 5: or leave it on the coffee table doesn't particularly matter
• 9:08
  Speaker 5: because people can't break this.
• 9:10
  Speaker 4: That's usability.
• 9:11
  Speaker 5: These are the things we're thinking about.
• 9:15
  Speaker 2: I don't know what to say to that. It's a
• 9:18
  Speaker 2: paper wallet, that's the reveal. What the fuck is this
• 9:22
  Speaker 2: a joke?
• 9:23
  Speaker 1: I don't even know what the you say to this.
• 9:26
  Speaker 1: You guys got to prep me for things that are
• 9:28
  Speaker 1: this cringe that is not mainstream adoption. Definitely not a
• 9:31
  Speaker 1: scenario that's going to get people excited about this, And
• 9:34
  Speaker 1: I think this is the challenge that Cardinal continues to face.
• 9:38
  Speaker 1: If you look at what's happening over here within just Tron,
• 9:40
  Speaker 1: which is why you're seeing a flip here, and most
• 9:42
  Speaker 1: likely you're going to see some movement here on TRONT,
• 9:45
  Speaker 1: you've got to keep your base engaged. And I think
• 9:47
  Speaker 1: that's the challenge that Cardinal continues to have. And we
• 9:50
  Speaker 1: talked about this last year at their event, which was
• 9:53
  Speaker 1: not a great event last year, And of course the
• 9:54
  Speaker 1: merger this year for Cardono and rare Evo I thought
• 9:58
  Speaker 1: was interesting, but again not enough to really bring it
• 10:02
  Speaker 1: all together. I think both events needed it to pull
• 10:05
  Speaker 1: it off. So anyway, we're going to continue to track
• 10:08
  Speaker 1: this down. If you look at the current price of
• 10:09
  Speaker 1: Cardono holding on the seventeenth right there is when the
• 10:13
  Speaker 1: event happened.
• 10:14
  Speaker 2: This is on the daily.
• 10:15
  Speaker 1: Charge, so not really any movement right now. Cardono has
• 10:19
  Speaker 1: been on a declining wedge for quite some time. This
• 10:22
  Speaker 1: is some of the things that we are seeing. I
• 10:24
  Speaker 1: think innovation is still not happening at Cardona. Needs to happen,
• 10:28
  Speaker 1: and of course Charles knows this, I think he does. Anyway,
• 10:31
  Speaker 1: we'll see all right. If you guys are not following
• 10:35
  Speaker 1: me on X, make sure and do that. It's just
• 10:37
  Speaker 1: at Paul Baron. We'll catch you next time right here
• 10:39
  Speaker 1: on tech Path.