Latest / The Paul Barron Crypto Show / Ethereum Joins Polkadot TikTok Bid vs Hedera & XRP!🔥
Transcript
- 0:06Speaker 1: Lots of news now coming in on ethereum, jumping into
- 0:08Speaker 1: the TikTok bid. This of course is also going to
- 0:11Speaker 1: play out into a couple of other big companies, you know,
- 0:13Speaker 1: and that's Adera and XRP and Ripple. All that's gonna
- 0:17Speaker 1: be broken down today. My name is Paul Berret. Welcome
- 0:18Speaker 1: back in the tech path. Let's go into it. I
- 0:20Speaker 1: do want to thank our sponsor, that's Coinbase. Coinbase is
- 0:22Speaker 1: a great place for you guys to get started in
- 0:24Speaker 1: with the markets as they are right now. Many people
- 0:26Speaker 1: are saying this might be the bottom. If it is,
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- 0:39Speaker 1: and earn fifty to get started. So check it out
- 0:42Speaker 1: and get rolling other things that are happening. I want
- 0:45Speaker 1: to go to this first clip here, and this is
- 0:47Speaker 1: President Trump talking about this whole TikTok situation.
- 0:51Speaker 2: Take a look.
- 0:52Speaker 3: You're rich, Sure you open to deals with these countries
- 0:55Speaker 3: if they're calling you.
- 0:56Speaker 4: It depends if somebody said that we're going to give
- 0:58Speaker 4: you something that's so phenomenal as long as say, giving
- 1:01Speaker 4: us something that's bid. For instance, with TikTok as an example,
- 1:05Speaker 4: we have a situation with TikTok where China will probably say,
- 1:13Speaker 4: will approve a deal, but will you do something on
- 1:16Speaker 4: the tagraf The tariffs give us great power to negotiate.
- 1:20Speaker 4: Always have I've.
- 1:21Speaker 5: Used it very well.
- 1:22Speaker 1: Maybe Trump is setting his crosshairs on a negotiation path
- 1:27Speaker 1: with the Chinese and by edance going forward with all
- 1:30Speaker 1: that being said, here, of course, is Catherine Wu coming
- 1:34Speaker 1: in right here. She says, if the TikTok deal is
- 1:36Speaker 1: to be divested, then it and then live in a
- 1:38Speaker 1: meaningful way, it must be brought on chain es Domains
- 1:41Speaker 1: will be pledging our support behind Project Liberty and Alexis
- 1:45Speaker 1: Ohani's bid for TikTok. So that clearly starts to line
- 1:49Speaker 1: up what's happening with the Ethereum Foundation how this might
- 1:51Speaker 1: play into going forward on this bid. Now, if you
- 1:54Speaker 1: look at some of the polymarket chances out here, who
- 1:57Speaker 1: will acquire You've got Oracle still leading the way.
- 2:00Speaker 2: But remember Oracle is going to.
- 2:02Speaker 1: End up hosting this anyway, because that is the American
- 2:05Speaker 1: tech stack that is required by Congress to be able
- 2:07Speaker 1: to get this deal done, which is the biggest issue.
- 2:10Speaker 1: Walmart jumped up a little bit fourteen person Amazon, but
- 2:13Speaker 1: remember Amazon also kind of got negated by President Trump
- 2:17Speaker 1: saying that, you know, that's probably not going to work.
- 2:19Speaker 1: There's many reasons why many people would look at antitrust,
- 2:22Speaker 1: there's other things.
- 2:23Speaker 2: But Larry Allison, of.
- 2:24Speaker 1: Course, the CEO of Oracle, you could stack that in there,
- 2:27Speaker 1: and then you got Microsoft, and further on down Alexis o'hannigan,
- 2:31Speaker 1: who is in on the deal with Frank McCourt and
- 2:35Speaker 1: along with others down there, you've got mister Beast in there.
- 2:37Speaker 1: So you stack those up and things start looking pretty
- 2:41Speaker 1: good for Project Liberty. As we get into other bidders
- 2:45Speaker 1: that could be coming forward, and we're going to talk
- 2:46Speaker 1: about ADERA and XRP or Ripple in a second, playing
- 2:50Speaker 1: into this as well.
- 2:51Speaker 2: Let me go over to this clip right here. This
- 2:53Speaker 2: is Kevin O'Leary.
- 2:55Speaker 6: But Bloomberg has learned that the deal that is potentially
- 2:58Speaker 6: being taken most seriously by the Trump administration is a
- 3:01Speaker 6: group that involves Oracle, Blackstone and recent Horrowitz byteedance under
- 3:06Speaker 6: the terms of this potential deal would retain control of
- 3:09Speaker 6: those all important algorithms, and that is a potential sticking
- 3:14Speaker 6: point because the National Security law bars China or byte
- 3:18Speaker 6: Dance from controlling those algorithms.
- 3:20Speaker 7: So the interpretation of what the law says is key.
- 3:23Speaker 7: Moving over that is five thousand dollars a day per
- 3:27Speaker 7: user penalty. There is no company in the S and
- 3:29Speaker 7: P five hundred that could last more than eleven days
- 3:31Speaker 7: without being bankrupt with that penalty. We've got to work
- 3:34Speaker 7: with Oracle. They got the servers right now. There's enough
- 3:36Speaker 7: elements in place, enough people interested, a syndicate large enough
- 3:40Speaker 7: to work this out. Whatever it takes will figure it out.
- 3:43Speaker 7: We just have to find out what she wants to do.
- 3:45Speaker 7: And Trump knows that and he's doing everything he can
- 3:48Speaker 7: to get him to the table right now.
- 3:50Speaker 1: All of this could play into an interesting negotiation between
- 3:54Speaker 1: the two countries, meaning Trump and obviously China and Reeson.
- 3:57Speaker 1: Horowitz was mentioned here and Reeson of course, they're the
- 4:00Speaker 1: largest crypto fund ever. They're launching a fund now, four
- 4:03Speaker 1: point five billion. Don't forget this guy's These guys have
- 4:06Speaker 1: been very, very pro crypto blockchain. They were in the
- 4:10Speaker 1: Web three space early on, they have continued to kind
- 4:13Speaker 1: of push the needle forward. And if you look at
- 4:17Speaker 1: just where Project Liberty is strategically, this of course is
- 4:20Speaker 1: to Micah Tilleman, and I want to showcase something right here,
- 4:24Speaker 1: zoom in. Right here is the leading diplomat technologists. He's
- 4:27Speaker 1: obviously coming in and hails from Andresen Horowitz, but he
- 4:30Speaker 1: is overseeing Project Liberty's five hundred million dollar efforts to
- 4:33Speaker 1: build a better Internet and digital ecosystem. They are talking
- 4:36Speaker 1: about the future of decentralized social media, and that of
- 4:41Speaker 1: course could be led by TikTok, which would really change
- 4:44Speaker 1: things up quite a bit. Trump's crypto portfolios just don't
- 4:48Speaker 1: forget that he is mostly based on the Ethereum blockchain.
- 4:52Speaker 2: Don't forget Eric Trump. He put this out not too
- 4:54Speaker 2: long ago. I'm always wondering.
- 4:56Speaker 1: Sometimes they just say things out loud, you know, And
- 4:59Speaker 1: this was back in feb Granted, you'd be down on
- 5:01Speaker 1: eth right now.
- 5:01Speaker 2: But if you're looking at long term.
- 5:03Speaker 1: Holding, which is what most of these people are doing,
- 5:05Speaker 1: maybe there is something brewing in the background. China has
- 5:09Speaker 1: leverage now potentially for a sweet deal. And here's why.
- 5:12Speaker 2: Take a look.
- 5:13Speaker 3: I think the Chinese side that will demand a big
- 5:15Speaker 3: concession from Trump, because Trump has made it very clear
- 5:19Speaker 3: since January that he wants to be the savior of TikTok.
- 5:22Speaker 3: If I were in Beijing, although his truths, I will
- 5:25Speaker 3: leverage that, I will say, get rid of a big
- 5:28Speaker 3: chunk of the tariff that you just impost on us.
- 5:31Speaker 3: You just announced that yesterday. That could be a very
- 5:34Speaker 3: difficult negotiation between the two sides and take a long
- 5:37Speaker 3: time to resolve, And fundamentally, our assessment is that it's
- 5:42Speaker 3: unlikely to produce favorable outcome for either side. It's likely
- 5:46Speaker 3: to drag along the TikTok negotiation along with it.
- 5:49Speaker 1: Always roll out with your strongest deal in the front,
- 5:53Speaker 1: because you're willing to take less. That's a clear clarity
- 5:57Speaker 1: in most negotiations. And maybe that is the model in
- 6:01Speaker 1: which Trump is negotiating with the Chinese. A thirty five
- 6:03Speaker 1: percent tariff very strong. That would be, like I said,
- 6:06Speaker 1: debilitating to China because of the economy here in the
- 6:09Speaker 1: United States has been such.
- 6:11Speaker 2: A huge market.
- 6:12Speaker 1: If they offset that and get back in on this,
- 6:15Speaker 1: the negotiation I think gets to the table and TikTok
- 6:18Speaker 1: gets a deal done. And this is where will get
- 6:21Speaker 1: very interesting. Frank McCourt talks about this because this is
- 6:24Speaker 1: very intriguing when you look at the Chinese trying to
- 6:28Speaker 1: still maintain certain clause on TikTok.
- 6:31Speaker 2: Take a look.
- 6:32Speaker 8: Deadline is rapidly approaching. Oracle was in for a while,
- 6:35Speaker 8: but Amazon in the past couple of days reportedly, and
- 6:38Speaker 8: now at Lovin. You can add the founder of OnlyFans,
- 6:41Speaker 8: Tim Stokely to that list. Apparently he wants in here.
- 6:45Speaker 8: And Charlie Gasperino has gotten sources to tell him this
- 6:48Speaker 8: that Bite Dance would receive a nineteen point nine percent stake.
- 6:51Speaker 8: That is not what the law passed by Congress allows.
- 6:55Speaker 2: Am I correct? Well, that's correct.
- 6:56Speaker 9: I think the nineteen point nine percent equity interest is
- 7:00Speaker 9: is less important than the issue of the algorithm in
- 7:03Speaker 9: their continued control and access to that algorithm. There are
- 7:07Speaker 9: huge finds here in this legislation that anybody who doesn't
- 7:12Speaker 9: live up to the spirit and the letter of that
- 7:14Speaker 9: law is exposing themselves to.
- 7:16Speaker 1: Yeah, nobody's going to be able to withstand that. Now
- 7:19Speaker 1: you look at all of that happening. Now let's step
- 7:22Speaker 1: over into something else and you look at the lawfare
- 7:25Speaker 1: that is happening within social media. This, of course, is
- 7:28Speaker 1: the EU could now find Elon Musk almost one billion
- 7:32Speaker 1: over illicit content and disinformation.
- 7:34Speaker 2: This is going head to.
- 7:35Speaker 1: Head at some of the biggest social media companies out there,
- 7:38Speaker 1: and this is why everybody needs to understand decentralized social.
- 7:43Speaker 2: Media is the only solution.
- 7:46Speaker 1: That is why this TikTok deal is so important and
- 7:49Speaker 1: possibly important for Ethereum, for Polka Dot. And of course
- 7:55Speaker 1: now you have to throw in a little bit of
- 7:57Speaker 1: a plot twist because you have Hadera and also so
- 8:00Speaker 1: Ripple coming to the table.
- 8:02Speaker 2: Here's a clip. Take a look.
- 8:03Speaker 5: This is the guy who created OnlyFans. His brand new
- 8:06Speaker 5: platform is called Zoop.
- 8:08Speaker 10: Hold on, did I just read that right? The OnlyFans
- 8:11Speaker 10: guy is trying to buy TikTok.
- 8:12Speaker 5: Zoop is where you can collect officially licensed digital trading
- 8:16Speaker 5: cards and connect with your favorite celebrities and creators.
- 8:20Speaker 10: They're using Kadera, hashgref or h bart at the backbone
- 8:23Speaker 10: for all of this, so fast transactions, real scalability.
- 8:27Speaker 5: But they have just secured fifteen million dollars in backing
- 8:31Speaker 5: and formalized a partnership with ready Player Meet.
- 8:34Speaker 2: All right, so fifteen million.
- 8:36Speaker 1: I understand, guys, that's pettons compared to what we're talking
- 8:38Speaker 1: about in billions around a potential acquisition. Point being is
- 8:42Speaker 1: that it's showing the potential of an opportunity of decentralized
- 8:46Speaker 1: social media really happening. And I think a lot of
- 8:48Speaker 1: these companies, including OnlyFans and many others that are creator led,
- 8:53Speaker 1: understand that at some point we could see more lawfair
- 8:57Speaker 1: coming around the world, especially on social life. I think
- 9:00Speaker 1: that is the point that they're trying to get at.
- 9:02Speaker 7: Now.
- 9:03Speaker 1: When you remember back when Josh Holly was grilling the
- 9:06Speaker 1: Byedance CEO, We've played this clip a couple of times,
- 9:09Speaker 1: but I want to frame this up of why the
- 9:11Speaker 1: US was doing this.
- 9:12Speaker 2: Take a look.
- 9:13Speaker 11: According to leaked audio, for more than eighty internal TikTok meetings,
- 9:17Speaker 11: China based employees of your company have repeatedly accessed non
- 9:21Speaker 11: public data of United States citizens, tracked journalists improperly gaining
- 9:26Speaker 11: access to their IP addresses user data in an attempt
- 9:29Speaker 11: to identify whether they're writing negative stories about you.
- 9:33Speaker 12: TikTok is used by one hundred and seventy million Americans.
- 9:35Speaker 11: I know when every single one of those Americans are
- 9:38Speaker 11: in danger from the fact that you track their keystrokes,
- 9:41Speaker 11: you track their location data, and we know that all
- 9:44Speaker 11: of that information can be accessed by Chinese employees. The
- 9:49Speaker 11: editor in chief is a Communist Party secretary. Why should
- 9:53Speaker 11: you not be banned in this country?
- 9:55Speaker 12: Sanata? That is not accurate.
- 9:57Speaker 11: It is one hundred percent accurate. Do you deny Americans
- 10:00Speaker 11: data has been accessed by byte edance employees in China.
- 10:04Speaker 12: We built the project that cost US billions of dollars
- 10:07Speaker 12: to stop that, and we have made a lot of progress.
- 10:09Speaker 11: And it hasn't been stopped. Even now, biteedance workers, without
- 10:13Speaker 11: going through official channels, have access to the private information
- 10:16Speaker 11: of American citizens, including their birthday, their IP address, and more.
- 10:20Speaker 12: That's now, Senator. As we know, the media doesn't always
- 10:23Speaker 12: get it right.
- 10:24Speaker 11: We have what we have. The Chinese Communist Party does.
- 10:27Speaker 12: I'm not saying that, and I'm proud of the book
- 10:29Speaker 12: that the two thousand employees are doing to protect the data.
- 10:32Speaker 11: But it's not it's not protected. That's the problem is
- 10:34Speaker 11: to to you. It's not protected at all. And Heaven knows,
- 10:36Speaker 11: I've got problems with everybody here, but your app unlike
- 10:39Speaker 11: any of those, is subject to the control and inspection
- 10:43Speaker 11: of a foreign hostile government. Your app ought to be
- 10:46Speaker 11: banned in the United States of America for the security
- 10:48Speaker 11: of this country. Thank mis Chairman.
- 10:50Speaker 1: That was a pretty railed uh speech there and grilling
- 10:54Speaker 1: by of course Josh Hawley, and he has been i
- 10:58Speaker 1: would say, the leading propos of getting this banned in
- 11:01Speaker 1: the United States. Obviously, now the law is in, it
- 11:04Speaker 1: is going to be banned. We are only going to
- 11:06Speaker 1: see a transition to a new American owner with an
- 11:09Speaker 1: American Textack. That's the only way this turns out. Now,
- 11:12Speaker 1: all that being said, you got to think about all
- 11:14Speaker 1: the other social media platforms because control has already been
- 11:17Speaker 1: an issue. We've already seen this in past elections playing
- 11:21Speaker 1: into this. Here's a clip with Vitalic talking about Mark
- 11:24Speaker 1: Zuckerberg take.
- 11:25Speaker 13: A look in the future, like that's literally going to
- 11:28Speaker 13: involve our thoughts, like, no, you know, I'm sorry, but
- 11:31Speaker 13: like Mark Zuckerberg, you're not reading my mind, right, but
- 11:34Speaker 13: the ads are going to be so targeted, amazing, amazing.
- 11:41Speaker 1: The point being is that any whether you are dealing
- 11:44Speaker 1: with traditional social media today, the likelihood of impedance from
- 11:48Speaker 1: a government and or other entities is real what we're
- 11:51Speaker 1: seeing with TikTok, which is why it is banned. And
- 11:54Speaker 1: this is where it gets interesting because now you could
- 11:56Speaker 1: even look at something like ky see take a look
- 11:59Speaker 1: at this clip.
- 12:00Speaker 13: My identity is like a very big space and it's
- 12:02Speaker 13: a very important space.
- 12:03Speaker 10: Right.
- 12:04Speaker 13: But like I definitely don't believe in like koyc in
- 12:06Speaker 13: the world, right, I mean, even if you put aside
- 12:09Speaker 13: the entire arguments of like what if you know your
- 12:12Speaker 13: governments can't be trusted, even if you put that aside, right,
- 12:15Speaker 13: what happens is that a huge number of records of
- 12:18Speaker 13: drivers' licenses in the US got hacked this year. Data
- 12:22Speaker 13: that was being wiretapped, like collected by the NSA got
- 12:26Speaker 13: hacked by like apparently by China grid job NSA keeping
- 12:30Speaker 13: Americans safe.
- 12:33Speaker 1: All right, let me go to a tweet here by
- 12:34Speaker 1: lens protocol. You guys have heard us talk about them before.
- 12:37Speaker 1: If you want to go back and do some research
- 12:39Speaker 1: on it, search farcast or on our channel, you'll get
- 12:41Speaker 1: a full rundown on this. But the point is this
- 12:43Speaker 1: happened today. Remember this is on eth ethereum. The Etherem
- 12:47Speaker 1: Foundation I think has put some pressure into this to
- 12:50Speaker 1: where that it's like, hey, we got to show that
- 12:52Speaker 1: this works, that this can work within a technology stack,
- 12:56Speaker 1: and Len's protocol is a good example of this. That's
- 12:58Speaker 1: why I think we saw this move going very quickly. Here,
- 13:01Speaker 1: of course, is Parody Technology is talking about ethere im
- 13:04Speaker 1: patable smart contracts on polka Dot.
- 13:07Speaker 2: This is coming later this year, so stage three Q
- 13:11Speaker 2: three smart contracts will launch on polka Dot. Again.
- 13:14Speaker 1: That will be another priority I think of making all
- 13:17Speaker 1: of this come together for Frank McCourt and Project Liberty.
- 13:21Speaker 1: All right, so here's a tweet on how far caster
- 13:23Speaker 1: users are getting air drops and if you look further
- 13:26Speaker 1: down you'll kind of see the interaction.
- 13:28Speaker 2: Let me zoom on it.
- 13:29Speaker 1: That's what it could look like inside of TikTok. This
- 13:33Speaker 1: is the whole point of the opportunity that is going
- 13:37Speaker 1: forward here of decentralized social creators. Also, even users will
- 13:42Speaker 1: have a completely new way of owning your own data,
- 13:45Speaker 1: having the opportunity to earn on your efforts in terms
- 13:48Speaker 1: of content. This is a huge time in social media
- 13:52Speaker 1: and I think blockchain is going to be right at
- 13:54Speaker 1: the center of it. Let me jump over to this tweet.
- 13:56Speaker 1: This is me we and what's interesting here is the
- 13:59Speaker 1: fact that me we A is using a promotion here
- 14:01Speaker 1: basically two hundred USDC for them to onboard. And that's
- 14:05Speaker 1: the kind of thing that could happen even with TikTok
- 14:07Speaker 1: under these new parameters of this new text act, this
- 14:10Speaker 1: new technology in blockchain for decentralized social media that could
- 14:14Speaker 1: migrate a lot of people from both Meta obviously Twitter.
- 14:19Speaker 1: This could change a huge process in how the network
- 14:24Speaker 1: effect could really start to grow, because many people are
- 14:26Speaker 1: worried about that in terms of growth to the next phase.
- 14:30Speaker 1: Just as a reminder, Avalanche is tied into me we
- 14:32Speaker 1: If you look at avas. We just did a video
- 14:34Speaker 1: on this the other day. Avalanche is now up considerably
- 14:39Speaker 1: when it comes to the stable coin opportunity and this
- 14:42Speaker 1: of course they just leaped over Solana, and again this
- 14:46Speaker 1: is because of what we're starting to see. Avalanche is
- 14:48Speaker 1: also part of this. So all the blockchains definitely playing
- 14:51Speaker 1: in unison here, I think for the next generation Internet.
- 14:53Speaker 1: Now here's Tim Sweeney. He kind of hits on this
- 14:55Speaker 1: right here. Let them learn how it's thinks. Apple and
- 14:58Speaker 1: Google impose their own thirty percent tariffs on all app
- 15:01Speaker 1: makers worldwide, including American developers, et cetera. And they're talking
- 15:06Speaker 1: about Apple and Google should get no tariff relief unless
- 15:09Speaker 1: they unblock competing app stores and payment professors. Of course,
- 15:13Speaker 1: we had some statements on that, you know, they would
- 15:15Speaker 1: only pass on tariff to consumers because that's how a
- 15:19Speaker 1: monopoly works, all right. So with decentralized social media, the
- 15:23Speaker 1: potential for apps inside of that is going to create
- 15:28Speaker 1: a new bull run on how apps might be used.
- 15:32Speaker 1: And this is a technology in case you missed it,
- 15:35Speaker 1: it was called frames and they've reparented this now to
- 15:38Speaker 1: many apps. So this is already working out there on
- 15:41Speaker 1: Farcaster and this is a good example. I'll kind of
- 15:43Speaker 1: scan down in here to show you some of the
- 15:44Speaker 1: apps that can be done within this. And this is
- 15:47Speaker 1: just the beginning of where this technology is going to
- 15:50Speaker 1: be going. So imagine the death of the app store.
- 15:54Speaker 1: All the apps that you need would live possibly inside
- 15:57Speaker 1: a decentralized social media platform. This is the frame work
- 16:00Speaker 1: in which all of that could happen. These mini apps
- 16:02Speaker 1: could end up being a whole new infrastructure for mobile
- 16:06Speaker 1: technology and use case for the Internet in the future.
- 16:09Speaker 1: A lot of opportunity here for I think really kind
- 16:12Speaker 1: of the next Internet to be built here, right, and
- 16:15Speaker 1: it's gonna happen on the blockchain.
- 16:16Speaker 2: Guys, here's Metallic.
- 16:17Speaker 1: He's gonna kind of hit on this because he's talking
- 16:19Speaker 1: about how social can go to the mainstream and maybe
- 16:24Speaker 1: to the next level very quickly.
- 16:26Speaker 2: Take a look.
- 16:27Speaker 13: Pulling market actually has been successful in twenty twenty four, right,
- 16:30Speaker 13: a huge number of just very mainstream people. They were
- 16:33Speaker 13: like sharing screenshots of poll markets just like casually on
- 16:37Speaker 13: Twitter everywhere. Even that are the type that like think
- 16:40Speaker 13: crypto's use was and just hate crypto and wanted to disappear.
- 16:43Speaker 13: Even they were sharing the screenshots right often, I think
- 16:45Speaker 13: without even realizing that there's a if they're am under
- 16:48Speaker 13: the hood, that's the kind of adoption that you want
- 16:51Speaker 13: things to get, all.
- 16:52Speaker 1: Right, So Metallic hit it right there on the head.
- 16:56Speaker 1: This is the network effect. And if you look at
- 16:59Speaker 1: the growth here, this is just a polymarket active Walllet's
- 17:02Speaker 1: remember polymarket not even available technically available here in the
- 17:06Speaker 1: United States. And this is the kind of growth that
- 17:09Speaker 1: it has already underway. This is network adoption. This is
- 17:14Speaker 1: you know, the idea of the Metcalf law, and that
- 17:17Speaker 1: is where we're going to start to see the acceleration
- 17:19Speaker 1: of technology upon itself in compounding. Remember polymarket was a
- 17:23Speaker 1: very big part of the American political landscape just in
- 17:27Speaker 1: this last election.
- 17:28Speaker 2: It will only.
- 17:29Speaker 1: Get more popular as it goes. So I think Metallic
- 17:33Speaker 1: is right. Critical mass is available and a blockchain and
- 17:37Speaker 1: possibly decentralized social media is right here within reach.
- 17:41Speaker 2: This could happen quick.
- 17:41Speaker 1: Guys, if you want to keep watching because we're going
- 17:44Speaker 1: to cover this and much more. Become part of the
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