Latest / The Paul Barron Crypto Show / Polkadot & Avalanche Bid For TikTok! Mr. Beast Joining?🔥MeWe CEO INTERVIEW

Transcript

Polkadot & Avalanche Bid For TikTok! Mr. Beast Joining?🔥MeWe CEO INTERVIEW · The Paul Barron Crypto Show

• 0:06
  Speaker 1: My name is Paul Barrel. Welcome back in the tech path.
• 0:08
  Speaker 1: Let's get started. I do want to thank our sponsor,
• 0:10
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  Speaker 1: your self custody journey. All right, now, you guys know
• 0:48
  Speaker 1: everybody's been asking us in the comments, what's going on
• 0:52
  Speaker 1: with the whole situation around Polka dot and TikTok. Is
• 0:56
  Speaker 1: there a connecting tissue there? Today we're going to hope
• 0:59
  Speaker 1: to answer that. One of the things that we are
• 1:01
  Speaker 1: seeing though. This of course over on x iPhones with
• 1:04
  Speaker 1: TikTok being installed are now selling for up to a
• 1:07
  Speaker 1: million bucks, which is crazy because, as you know, if
• 1:11
  Speaker 1: you go over to the Apple Store and try to
• 1:14
  Speaker 1: download TikTok right now, it's just not there. Now if
• 1:16
  Speaker 1: you have it on your phone and you can still
• 1:18
  Speaker 1: use the app, yes, but being able to get it.
• 1:20
  Speaker 1: It has been removed from the App Store obviously because
• 1:23
  Speaker 1: of the situation from the most recent Supreme Court scenario.
• 1:28
  Speaker 1: Now with that, President Trump has guaranteed us that he's
• 1:33
  Speaker 1: going to be able to save TikTok or get us
• 1:36
  Speaker 1: in a position, and he made some very interesting statements
• 1:39
  Speaker 1: the other night while signing an executive order. And I
• 1:42
  Speaker 1: want to go to a clip of this before I
• 1:44
  Speaker 1: bring in our guests to give you guys kind of
• 1:46
  Speaker 1: an insight of what's going on.
• 1:48
  Speaker 2: Take a look very long way ooh, look at that.
• 1:50
  Speaker 3: It says TikTok, I may not do the dealer, I
• 1:53
  Speaker 3: may do the deal. If I don't do the deal,
• 1:54
  Speaker 3: it's worthless. If I do the deal, it's worth maybe
• 1:57
  Speaker 3: a trillion dollars. A trillion. The US should be entitled
• 2:00
  Speaker 3: to get half of TikTok. We'll see what happens. I mean,
• 2:02
  Speaker 3: that's one of many ideas of it.
• 2:06
  Speaker 4: Did he say he's opens that idea? Who the CEO
• 2:09
  Speaker 4: of TikTok is around?
• 2:11
  Speaker 3: Oh, I think you'd probably like it, and we have
• 2:13
  Speaker 3: ninety days to make that decision. It was so many
• 2:17
  Speaker 3: different products made in China and nobody ever complained about it.
• 2:19
  Speaker 3: The only one they complained about is TikTok.
• 2:21
  Speaker 4: Would be a private sector or it could be a lot.
• 2:25
  Speaker 3: Tell you what every rich person has called me about TikTok.
• 2:29
  Speaker 3: If China is going to get information about young kids
• 2:31
  Speaker 3: out of it, to be honest with I think we
• 2:33
  Speaker 3: have bigger problems than that, all.
• 2:36
  Speaker 1: Right, So as you can tell, that totally confused me.
• 2:40
  Speaker 1: Even when it happened. I was watching it live that night.
• 2:42
  Speaker 1: And it's really kind of put a position around TikTok
• 2:45
  Speaker 1: in general that everybody's starting to ask. And the reason
• 2:47
  Speaker 1: is because it could be very relevant to what's happening
• 2:51
  Speaker 1: in crypto. So we wanted to bring someone on to
• 2:53
  Speaker 1: really dive into that, and with me today is Jeffrey Odell,
• 2:56
  Speaker 1: who is the chairman and CEO over at me Week.
• 2:58
  Speaker 4: Great to have you, Jeffrey, Thank you, Paul, pleasure to
• 3:01
  Speaker 4: be on the show.
• 3:02
  Speaker 1: Excellent. So Jeffery, first of all, for some of our audience,
• 3:05
  Speaker 1: if you followed us for a little while, you've probably
• 3:07
  Speaker 1: seen some of our clips with Jeffrey on them talking
• 3:09
  Speaker 1: to Jean Wu over at Avalanche. Give us a rundown
• 3:13
  Speaker 1: of what me we is doing right now. What's the
• 3:15
  Speaker 1: current state of your business? How do you guys operate?
• 3:19
  Speaker 4: Sure, So, we're a little bit different than normal social
• 3:22
  Speaker 4: med me we is a social media platform and it
• 3:26
  Speaker 4: was formed years ago in the web two world as
• 3:29
  Speaker 4: sort of an offshoot to those who are uncomfortable with
• 3:32
  Speaker 4: or did not like the concept that Facebook was doing
• 3:36
  Speaker 4: where they utilize feeds and algorithms and basically usurp your
• 3:42
  Speaker 4: feeds on social platforms. We believe in privacy, We believe
• 3:48
  Speaker 4: in user control and things that blockchain and decentralization didn't
• 3:53
  Speaker 4: exist years ago. They exist now, and so we want
• 3:57
  Speaker 4: to double down on the concept of privacy and allowing
• 4:00
  Speaker 4: users to have their own data and information. We don't
• 4:04
  Speaker 4: feel as though big tech should centralize that and leverage
• 4:07
  Speaker 4: it for the benefit of their own advertising dollars. So
• 4:11
  Speaker 4: me we as a platform. Today, we're in two hundred countries,
• 4:15
  Speaker 4: our territories and countries. We're in twenty languages, we're roughly
• 4:20
  Speaker 4: fifty percent US fifty percent all over the world, and
• 4:24
  Speaker 4: we are now part of something called Project Liberty. So
• 4:28
  Speaker 4: we're in the process at this point in time of
• 4:31
  Speaker 4: moving a Web two app into a Web three world,
• 4:35
  Speaker 4: decentralizing and allowing users to own and control their own
• 4:38
  Speaker 4: data and information and actually make money off of that.
• 4:42
  Speaker 1: All right, So you hit on a few things there
• 4:44
  Speaker 1: that I want to touch on. One is the history
• 4:47
  Speaker 1: of social media. You had mentioned, you know, pre Show
• 4:50
  Speaker 1: your involvement with MySpace, was it, Yes, So when you
• 4:55
  Speaker 1: look at the evolution of social if you go back
• 4:57
  Speaker 1: to pre Facebook in a things like Friendster, et cetera, MySpace,
• 5:02
  Speaker 1: the evolution that we've seen here with what Zuckerberg has
• 5:05
  Speaker 1: been building around both Instagram once they did that acquisition
• 5:08
  Speaker 1: and where they are, do you think this is kind
• 5:10
  Speaker 1: of a natural progression for users to actually be in
• 5:13
  Speaker 1: control of it or do you feel like maybe it's
• 5:16
  Speaker 1: just going to be a more advanced algorithm that's going
• 5:18
  Speaker 1: to make the users feel like they're in control.
• 5:22
  Speaker 4: That's a great question. Facebook and Instagram and Twitter and
• 5:27
  Speaker 4: these other players that exist out there. Their model, their
• 5:32
  Speaker 4: business model is so based on advertising. For them to
• 5:35
  Speaker 4: truly decentralize and allow users to own and control their
• 5:39
  Speaker 4: own data would cannibalize their business model. They'd lose billions
• 5:44
  Speaker 4: of dollars. We never sold ads on platform. We were
• 5:49
  Speaker 4: always either subscription based or freemium in a way. So
• 5:53
  Speaker 4: it was a logical evolution for us to move over
• 5:56
  Speaker 4: to this type of an environment. So we think we
• 5:59
  Speaker 4: have a big head start. We've been part of Project
• 6:03
  Speaker 4: Liberty now, which is Frank McCort's project, for about two
• 6:07
  Speaker 4: and a half years, and in Project Liberty, the whole
• 6:10
  Speaker 4: point of that is a movement a technology for full decentralization,
• 6:16
  Speaker 4: if you will. So we think that we're much more positioned.
• 6:20
  Speaker 4: Players like Lenz and Forcaster, they came on board and
• 6:24
  Speaker 4: started with virtually nothing, build huge valuations in their companies
• 6:29
  Speaker 4: and so forth, but they don't have the user base.
• 6:31
  Speaker 4: When you broadcast data, information or something out there, it
• 6:36
  Speaker 4: goes out into an echo chamber or ozone and things
• 6:39
  Speaker 4: don't happen. We have twenty one million users on our
• 6:42
  Speaker 4: platform and we've already migrated about a million and a half,
• 6:46
  Speaker 4: a little over a million and a half of those
• 6:47
  Speaker 4: users into blockchain that are active users today. So we
• 6:51
  Speaker 4: are far and away larger than all social platforms, even
• 6:55
  Speaker 4: if you combine them. I started my social world war.
• 7:00
  Speaker 4: I was the chairman of a company called Intermix Media,
• 7:03
  Speaker 4: which was the parent company with Tom and Crystal Wolf
• 7:06
  Speaker 4: and those that founded MySpace. And at that point in time,
• 7:10
  Speaker 4: people loved MySpace. It was meaningful connections, finding your groups,
• 7:15
  Speaker 4: finding your people. Mew as a group based social platform.
• 7:19
  Speaker 4: We have close to six hundred thousand, seven hundred thousand
• 7:23
  Speaker 4: groups that are out there right now on me wei
• 7:26
  Speaker 4: or more, and we're trying to bring social back to
• 7:29
  Speaker 4: the way it was like in the days of MySpace.
• 7:32
  Speaker 4: And that's kind of why I got back in twenty
• 7:34
  Speaker 4: years later to come back into this world, seeing what
• 7:38
  Speaker 4: was happening in blockchain decentralization and partnering with Frank McCort's
• 7:42
  Speaker 4: project Liberty, because I thought we could bring this to
• 7:44
  Speaker 4: users in a much better way than the way it's
• 7:47
  Speaker 4: being done now.
• 7:47
  Speaker 1: Social So you hit on groups for a minute, because
• 7:50
  Speaker 1: I was looking at me we and trying to understand
• 7:52
  Speaker 1: how that model has grown so much in the Web
• 7:54
  Speaker 1: two phase, and then you hit on the more Web
• 7:58
  Speaker 1: three native concepts. To your point with Lenz and Farcaster,
• 8:01
  Speaker 1: both of which we've reported on and had them on
• 8:03
  Speaker 1: the shows. There's two things there. One is, when you
• 8:07
  Speaker 1: get into a Web three native you're right, the audience
• 8:10
  Speaker 1: doesn't seem to grow very quickly. It maybe exclude what's
• 8:13
  Speaker 1: happening on Arena because of their connection to Twitter. But
• 8:16
  Speaker 1: if you look at what you guys are doing, a
• 8:18
  Speaker 1: true Web two platform but more group oriented, do you
• 8:22
  Speaker 1: think that the future of social especially around decentralized social
• 8:26
  Speaker 1: will be more tribal, more of these groups and very
• 8:31
  Speaker 1: narrow niches or will we ever see another TikTok like
• 8:35
  Speaker 1: social media platform in Web three.
• 8:40
  Speaker 4: No, I think you could see a TikTok type platform,
• 8:42
  Speaker 4: and we're probably get into a couple questions about that
• 8:45
  Speaker 4: as well, because we will talk about how we're the
• 8:48
  Speaker 4: best house of the best location for TikTok if it
• 8:51
  Speaker 4: is sold. But yes, we believe group base is the
• 8:56
  Speaker 4: way to go. We think that's the superpower of me
• 8:58
  Speaker 4: we it. We also believe look in the normal social world,
• 9:03
  Speaker 4: you're paying influencers to go out there, and it's a
• 9:06
  Speaker 4: very I don't think it's very genuine because people know
• 9:09
  Speaker 4: they're getting paid to go ahead and do something to
• 9:12
  Speaker 4: promote a particular network. And in our world, if you
• 9:16
  Speaker 4: say there's seven eight hundred thousand groups out there, each
• 9:21
  Speaker 4: influencer who runs each group is like a mini influencer,
• 9:25
  Speaker 4: or each group leader is like a mini influencer, and
• 9:28
  Speaker 4: to help them grow their groups is a much better way,
• 9:33
  Speaker 4: we think, versus trying to pay Paul Barron to help
• 9:37
  Speaker 4: promote us or something like that, you know what I mean.
• 9:40
  Speaker 4: We think that's a way to go, much better way
• 9:42
  Speaker 4: to go because it's kind of organic in that. So yes,
• 9:46
  Speaker 4: and one of the things we're trying to do is
• 9:49
  Speaker 4: by me, we and we'll get into this at some point,
• 9:51
  Speaker 4: I believe too. By us launching our own l one,
• 9:55
  Speaker 4: being our own social platform on chain, and eventually having
• 9:59
  Speaker 4: our own coin if you will, our own token, we're
• 10:03
  Speaker 4: going to be able to reward people internally for their
• 10:06
  Speaker 4: activity for good behavior are The way we're set up,
• 10:11
  Speaker 4: which is very interesting through Project Liberty, is that you're
• 10:15
  Speaker 4: validated as a real user. That's something very different that's
• 10:19
  Speaker 4: out there in the social world today. So you're not
• 10:22
  Speaker 4: going to find a bunch of fake accounts on mewi,
• 10:26
  Speaker 4: you're validated as a real user. Your social graph, you're
• 10:30
  Speaker 4: who you follow and who follows you is also on chain.
• 10:35
  Speaker 4: And as opposed to us controlling your social graph, Paul
• 10:38
  Speaker 4: Barron is going to control his own social graph. And
• 10:41
  Speaker 4: then as we add other apps, and there's a number
• 10:44
  Speaker 4: of apps that have been added that will go live
• 10:46
  Speaker 4: in the next couple months, you'll be then interoperable. So,
• 10:51
  Speaker 4: going back to your initial question about groups, these other
• 10:54
  Speaker 4: apps are going to be able to leverage the groups
• 10:56
  Speaker 4: that exist on mewi for their benefit as well well.
• 11:00
  Speaker 4: So we're going to be an open source platform where
• 11:03
  Speaker 4: we're going to avail ourselves of say, if a TikTok
• 11:05
  Speaker 4: came on board, we can invite them onto me to
• 11:10
  Speaker 4: be the social side of TikTok, and yet TikTok would
• 11:13
  Speaker 4: have us there as well.
• 11:15
  Speaker 1: Interesting, all right, So you mentioned that one. We'll talk
• 11:17
  Speaker 1: about that in a second, because that's leaning a little
• 11:19
  Speaker 1: bit more toward the Avalanche connection, and that is some
• 11:23
  Speaker 1: of the things that I wanted to clear up in
• 11:24
  Speaker 1: this interview because I'm a little confused on that. So
• 11:27
  Speaker 1: but before we leap to that, I want to go
• 11:29
  Speaker 1: to a couple more clips here. This first clip is
• 11:32
  Speaker 1: Kevin O'Leary talking about some changes that need to happen,
• 11:36
  Speaker 1: mainly because of what recently happened with the situation on
• 11:39
  Speaker 1: the TikTok scenario. So take a look.
• 11:42
  Speaker 5: I learned about this golden share thing last night. Now,
• 11:46
  Speaker 5: whoever has the golden share in a Chinese company is
• 11:49
  Speaker 5: the only person that can decide to sell it. So
• 11:52
  Speaker 5: how many public Chinese companies listed on the NASDAQ and
• 11:55
  Speaker 5: New York Stock Exchange have this secret golden share?
• 11:59
  Speaker 2: What is this?
• 12:00
  Speaker 5: And I don't think that's even legal if it's not
• 12:02
  Speaker 5: disclosed in a perspectives if you're buying stock in these companies.
• 12:05
  Speaker 5: A lot of American shareholders in this Bike Dance Steel,
• 12:08
  Speaker 5: I don't know if they knew about the golden share.
• 12:11
  Speaker 5: But there ain't no deal until the guy with the
• 12:13
  Speaker 5: golden share decides he wants to sell.
• 12:15
  Speaker 4: And that's chea.
• 12:16
  Speaker 5: But I think you're gonna hear a lot of noise
• 12:18
  Speaker 5: about this. I noticed a post from Lindsey Graham. He's
• 12:21
  Speaker 5: freaking out about this, and he wants to make sure
• 12:24
  Speaker 5: that he's gonna put a bill out of.
• 12:26
  Speaker 1: Family all right. So Kevin kind of spazzing out a
• 12:30
  Speaker 1: little bit there about this golden share because it did
• 12:32
  Speaker 1: come out of the blue, you know, on really the
• 12:34
  Speaker 1: eleventh hour. Within that, I want to jump to one
• 12:37
  Speaker 1: more clip and then I'm gonna ask you some questions
• 12:39
  Speaker 1: around these. This is Frank McCord, who is the leadover
• 12:44
  Speaker 1: at Project Liberty, and he's talking about, you know, the
• 12:46
  Speaker 1: culmination of resources, and one of them is talking about Jimmy,
• 12:51
  Speaker 1: mister beast, and I wanted to get your opinion on this.
• 12:53
  Speaker 1: Take a look.
• 12:55
  Speaker 6: The twenty billion is not coming from Kevin O'Leary, but
• 12:58
  Speaker 6: it's basically coming from all the major investment firms. In
• 13:03
  Speaker 6: addition to that, we anticipate that the existing investors in
• 13:09
  Speaker 6: byte Dance will want to roll over their investment in
• 13:12
  Speaker 6: a spun off us TikTok so capital is oodles of
• 13:16
  Speaker 6: capital here.
• 13:16
  Speaker 2: And have you been in touch with byte Dance about
• 13:18
  Speaker 2: the deal. We have been in touch with byte Dance
• 13:20
  Speaker 2: through bankers.
• 13:21
  Speaker 6: Byte Dance is silent right now other than acknowledging receipt
• 13:26
  Speaker 6: of our offer, which by the way, was the only
• 13:29
  Speaker 6: only offer that went to DOJ and got approved. Now
• 13:33
  Speaker 6: I think they're just waiting to see what president she
• 13:37
  Speaker 6: decides to do.
• 13:38
  Speaker 5: There have been a few other folks saying that they're
• 13:41
  Speaker 5: interested in a bid.
• 13:43
  Speaker 2: Mister Beast, would you ever consider just merging all of
• 13:46
  Speaker 2: those efforts. Mister Beast has talked to all of us,
• 13:50
  Speaker 2: so I won't. I won't.
• 13:51
  Speaker 6: And mister Beasts is going to be a part of
• 13:54
  Speaker 6: this bid too, so he's very entrepreneurial, let's put it
• 13:57
  Speaker 6: that way.
• 13:59
  Speaker 2: Welcome everyone, all.
• 14:02
  Speaker 1: Right, So Frank McCourt hitting there on all the investors.
• 14:04
  Speaker 1: That was kind of how Kevin O'Leary joined the package,
• 14:07
  Speaker 1: you know, jumping in with Frank all making that effort
• 14:10
  Speaker 1: going forward. But I'm going to go back to the
• 14:12
  Speaker 1: investment thing first on the question of Congress maybe revealing
• 14:16
  Speaker 1: this whole idea around these golden shares, because this is
• 14:19
  Speaker 1: a new spin on what's happening on this deal. Do
• 14:23
  Speaker 1: you think this spoils it for the deal to go through?
• 14:26
  Speaker 1: With you know, the CCPs essentially holding the Trump cards,
• 14:31
  Speaker 1: so to speak, on this deal.
• 14:34
  Speaker 4: I'm not sure how that's going to play. I can
• 14:36
  Speaker 4: tell you that what Frank has done is very smart.
• 14:41
  Speaker 4: Is as opposed to trying to go at this with
• 14:44
  Speaker 4: Frank and the team of Project Liberty and the People's
• 14:47
  Speaker 4: Bid if you will, and the resources that Frank has
• 14:51
  Speaker 4: by partnering with Kevin O'Leary, who has you know, direct
• 14:55
  Speaker 4: connections to Trump and has actually met in Marie Lago
• 14:58
  Speaker 4: with him recently about this, and mister Beast as well
• 15:02
  Speaker 4: and cutting him in for this, we're almost decentralizing in
• 15:06
  Speaker 4: a way of going after TikTok. One of the beauties
• 15:10
  Speaker 4: or one of the advantages that we have versus everybody
• 15:13
  Speaker 4: else is think about this, We're already decentralized sitting on chain.
• 15:18
  Speaker 4: You have Project Liberty and its connections to it's chained
• 15:24
  Speaker 4: particularly and then you have us part of that chain,
• 15:28
  Speaker 4: if you will. So there's already twenty one million people
• 15:32
  Speaker 4: on our platform in me we if you will, but
• 15:37
  Speaker 4: million five active users, and we're just talking about taking TikTok,
• 15:41
  Speaker 4: no algorithm, We don't need the algorithm, which is an
• 15:44
  Speaker 4: advantage over everybody else, and plugging that into what we're doing.
• 15:48
  Speaker 4: So it's a very different approach. We don't think that
• 15:52
  Speaker 4: other players that are out there, whether it's Elon, a
• 15:55
  Speaker 4: friend of you know, Trump, if you will, or any
• 15:58
  Speaker 4: other player can do the same thing. And if the
• 16:02
  Speaker 4: government truly wants TikTok to be decentralized, truly wants to
• 16:07
  Speaker 4: disassemble the algorithm which theoretically is allowing China to gain
• 16:12
  Speaker 4: all this data and information about behavior of our children
• 16:16
  Speaker 4: and activity, then our bid makes much more sense than
• 16:20
  Speaker 4: anything else that's out there. The question is in a
• 16:23
  Speaker 4: Trumpian world, and again me, we is a very a
• 16:26
  Speaker 4: political platform. We have right, we have left, but we're
• 16:29
  Speaker 4: more of a lifestyle groups and so forth. But in
• 16:34
  Speaker 4: this world, I don't know what he will want for
• 16:38
  Speaker 4: himself in this whole world, and I don't know how
• 16:43
  Speaker 4: much the King, I guess you could say, has got
• 16:47
  Speaker 4: to be a part of this bid.
• 16:49
  Speaker 1: Interesting, okay, all right, So with Jimmy mister Beast joining in,
• 16:55
  Speaker 1: this could really change things a little bit because I realized,
• 16:58
  Speaker 1: you know, Kevin o'lara, there's a cert amount of awareness
• 17:01
  Speaker 1: that he brings. But when you look at where mister
• 17:04
  Speaker 1: Beast is globally, I mean, one of the top ten
• 17:06
  Speaker 1: YouTube channels out there, I would say, one of the
• 17:08
  Speaker 1: most creative and entrepreneurial according to even Frank, there's a
• 17:12
  Speaker 1: big opportunity here. So how much of an input with
• 17:17
  Speaker 1: mister Beasts coming into the deal, do you think it
• 17:19
  Speaker 1: would have as leverage to be able to get this
• 17:22
  Speaker 1: deal done.
• 17:24
  Speaker 4: I think it has a lot of Every time you
• 17:27
  Speaker 4: add someone that either has a relationship with the president
• 17:30
  Speaker 4: or someone that has widespread public appeal is going to
• 17:36
  Speaker 4: make a big difference to the president. Mister Trump is
• 17:41
  Speaker 4: very interested in how he's perceived, and he's also a
• 17:46
  Speaker 4: business person, you know, he sees himself as a free
• 17:49
  Speaker 4: market business person. So I think it does help our
• 17:52
  Speaker 4: bid a lot. One of the other things that's going
• 17:55
  Speaker 4: to happen here is blockchain is not mainstream. People just
• 17:59
  Speaker 4: know of blockchain as you can trade bigcoins and things
• 18:02
  Speaker 4: like that. On your show. You have very sophisticated folks
• 18:05
  Speaker 4: that are watching your show and they get this. They
• 18:07
  Speaker 4: understand wallets and crypto and so forth. But that's a
• 18:11
  Speaker 4: microcosm right of the whole world. So people may hold
• 18:15
  Speaker 4: bitcoins and they don't know anything else about blockchain. They
• 18:17
  Speaker 4: just think of it as you're you're trading. We're trying
• 18:21
  Speaker 4: to set up a world where there's real apps with
• 18:24
  Speaker 4: some real support below it, not like mean coins, right,
• 18:28
  Speaker 4: real apps with real things going on that support a
• 18:32
  Speaker 4: proper token economy. If we could take TikTok and add it,
• 18:37
  Speaker 4: whether its one hundred and seventy million or so monthly
• 18:40
  Speaker 4: active users in a US format, and a mister beast
• 18:44
  Speaker 4: who has such following, all of a sudden, you're the
• 18:47
  Speaker 4: wave over to blockchain and the wave over to this
• 18:51
  Speaker 4: Web three world. That's why they could make it happen
• 18:55
  Speaker 4: for everybody, and then people would realize there's more to
• 18:59
  Speaker 4: it than trading bitcoins. And then the other key thing
• 19:03
  Speaker 4: is going to be people these these companies, like whether
• 19:06
  Speaker 4: it's c Solano or you you name it, Solano, all
• 19:11
  Speaker 4: of them, all the individual chains, they have to figure
• 19:14
  Speaker 4: out ways ethereum to get interoperable and be able to
• 19:18
  Speaker 4: have these secure bridges to talk to each other. And
• 19:21
  Speaker 4: I think this could be the push to make blockchain
• 19:26
  Speaker 4: Web three ubiquitous and take it into a world where
• 19:30
  Speaker 4: you have real apps supporting real currencies. Yeah.
• 19:34
  Speaker 1: Well, one thing that you hit on here in terms
• 19:36
  Speaker 1: of the conversion you know, from web to to Web
• 19:38
  Speaker 1: three and the adoption cycle, because you're right right now,
• 19:41
  Speaker 1: you know, I would say, yes, the crypto market is
• 19:43
  Speaker 1: growing though but yet still a bubble, much like what
• 19:46
  Speaker 1: tech was in you know, the early two thousands. But
• 19:49
  Speaker 1: you look at at Jimmy, mister Beast and where his
• 19:54
  Speaker 1: world appeal and a lot of the things he does
• 19:57
  Speaker 1: in terms of strategy, one of the biggest things mister
• 19:59
  Speaker 1: b is known for is giving back to his audience.
• 20:03
  Speaker 1: One of the cornerstones of blockchain is the idea of
• 20:07
  Speaker 1: air drops. You know, so if you think about a
• 20:09
  Speaker 1: TikTok token and an air drop that, you know, mister
• 20:13
  Speaker 1: Beasts could be a part of, you know, to be
• 20:15
  Speaker 1: able to translate that. That's an immediate plug in to
• 20:20
  Speaker 1: almost every culture on the planet because everybody kind of
• 20:23
  Speaker 1: understands how that works. That would be a fanatical way
• 20:26
  Speaker 1: to get this done in terms of the value proposition
• 20:29
  Speaker 1: to get new users coming on to TikTok. If this
• 20:32
  Speaker 1: deal goes through, you think something like that could happen.
• 20:35
  Speaker 4: Yes, I do believe something like that would happen. But again,
• 20:39
  Speaker 4: the wild card is the administration. If the Democratic administration
• 20:43
  Speaker 4: had stayed in place with Biden, the Supreme Court would
• 20:46
  Speaker 4: not be overruled in a way. And I believe this
• 20:50
  Speaker 4: deal actually could have happened. Now with this ninety day stay,
• 20:55
  Speaker 4: I think that there's going to be a lot of
• 20:57
  Speaker 4: other players, like you mentioned, coming into this world. But
• 21:00
  Speaker 4: Project Liberty is about decentralizing, is about involving Jimmy and
• 21:06
  Speaker 4: Kevin O'Leary and other folks part of it. It's a
• 21:09
  Speaker 4: big enough deal that these people could be a part
• 21:12
  Speaker 4: of it. So in a way, you're treating the TikTok
• 21:15
  Speaker 4: deal like the way Web three operates.
• 21:18
  Speaker 1: Yeah, yeah, I agree with that. I want to play
• 21:20
  Speaker 1: a clip for you. This is Kevin talking about the
• 21:24
  Speaker 1: expansion into international and that's and I think there's a
• 21:27
  Speaker 1: strategy here in case this deal doesn't go through. But
• 21:30
  Speaker 1: take a look at this.
• 21:31
  Speaker 2: But it gets better.
• 21:33
  Speaker 5: Frank and I are going to fly over to India
• 21:34
  Speaker 5: and meet with Mody and say, listen, why don't we
• 21:36
  Speaker 5: light up those two hundred and ten million uses you
• 21:38
  Speaker 5: turned off in twenty twenty. Same with Switzerland, France, Germany, England, Canada.
• 21:41
  Speaker 5: That's really what Frank and I are doing here with
• 21:44
  Speaker 5: Project Liberty. We've got a big plan here and it
• 21:47
  Speaker 5: starts with saving TikTok, but we don't stop there. We
• 21:51
  Speaker 5: grow this much bigger and we think we can. It's
• 21:53
  Speaker 5: a fantastic idea. We've failed users in America with all
• 21:58
  Speaker 5: social media. They don't try us where their data goes.
• 22:01
  Speaker 5: I don't care, not just TikTok, all of them.
• 22:05
  Speaker 1: So you see that international expansion that obviously would be
• 22:08
  Speaker 1: a huge boon for the US version of TikTok. That
• 22:12
  Speaker 1: would not especially if it's decentralized and it's on an
• 22:15
  Speaker 1: open blockchain. And this is where I want to get
• 22:18
  Speaker 1: into some scenarios around what you guys are doing, because
• 22:22
  Speaker 1: when you look at well, first of all, before I
• 22:24
  Speaker 1: go there, I want to ask you about the question
• 22:26
  Speaker 1: around what if this doesn't go through, What if Frank's
• 22:29
  Speaker 1: bid to move on this does not happen? Where does
• 22:33
  Speaker 1: Project Liberty stand? Where would this affect you guys going forward?
• 22:37
  Speaker 4: Sure, so we're the first project, if you will, the
• 22:42
  Speaker 4: first app that came onto Project Liberty a couple of
• 22:44
  Speaker 4: years ago. It's always been conceived that, and we would
• 22:49
  Speaker 4: be interoperable with other apps. Otherwise this doesn't make sense.
• 22:53
  Speaker 4: Project Liberty had three prongs to it, if you talk
• 22:55
  Speaker 4: to Frank, the technology component and movement component, and a
• 23:01
  Speaker 4: governance component. Because you can't not have one of those
• 23:04
  Speaker 4: three steps, if you will, or one of those three
• 23:07
  Speaker 4: points on a stool in order for this to work.
• 23:09
  Speaker 4: So me we is the first and we've proven over
• 23:13
  Speaker 4: the last six months that we can get some scale,
• 23:16
  Speaker 4: nothing like the scale of a TikTok and so forth.
• 23:19
  Speaker 4: But there are four to six other apps that will
• 23:23
  Speaker 4: be coming on board, including apps that relate to the
• 23:27
  Speaker 4: original ancestry dot com. They had over one hundred million
• 23:32
  Speaker 4: users on that particular app. Well, the gentleman behind that
• 23:36
  Speaker 4: and other apps, if you will, that are very successful
• 23:38
  Speaker 4: are adding those apps to the Project Liberty Foundation. All
• 23:42
  Speaker 4: of those are going to be sitting with an underlying
• 23:46
  Speaker 4: Polka dot on the Polka Dot chain, if you will,
• 23:49
  Speaker 4: in terms of the things I mentioned to you earlier
• 23:53
  Speaker 4: about having your own access, the validation of you as user,
• 23:59
  Speaker 4: your login, getting your universal log in, and then being
• 24:02
  Speaker 4: able to attach your social graph, so that'll exist. So look,
• 24:06
  Speaker 4: if TikTok happens, which we hope it does, and then
• 24:09
  Speaker 4: everything else that Kevin is talking about, all of a sudden,
• 24:12
  Speaker 4: this is a giant movement. It's worldwide and it puts
• 24:15
  Speaker 4: a lot of pressure on the facebooks and other players
• 24:18
  Speaker 4: in the world that now we are blockchain, We're on
• 24:21
  Speaker 4: Web three. That's where we're going. It will go there
• 24:24
  Speaker 4: governments are going to blockchain. It will go there at
• 24:27
  Speaker 4: sometimes banks, JP Morgan will go there. So I think
• 24:31
  Speaker 4: the project would be successful without a TikTok. It's just
• 24:35
  Speaker 4: TikTok gives it scale, huge scale right away.
• 24:40
  Speaker 1: Well, yeah, it's immediate. And to your point, what about
• 24:43
  Speaker 1: the scenario that played out when TikTok was banned. We
• 24:46
  Speaker 1: saw the rise of red Note on the app store,
• 24:49
  Speaker 1: another Chinese product that it appears that users of TikTok
• 24:54
  Speaker 1: are like, we don't care that our data is being
• 24:56
  Speaker 1: given away to other countries. Were you guys surprised that
• 25:00
  Speaker 1: that was happening so quickly or was it just a
• 25:04
  Speaker 1: you know, kind of the evidence of they had nowhere
• 25:06
  Speaker 1: else to go? What was your opinion?
• 25:09
  Speaker 4: I think people had nowhere else to go. They didn't
• 25:12
  Speaker 4: know what to do, They don't know the alternative, and
• 25:15
  Speaker 4: quite frankly, you know, we're we're not a TikTok. MiWi
• 25:20
  Speaker 4: is not a TikTok. We're a social platform with groups.
• 25:22
  Speaker 4: We can coordinate and work well with a TikTok type platform.
• 25:27
  Speaker 4: But I do believe that they didn't have anybody anywhere
• 25:29
  Speaker 4: else to go.
• 25:31
  Speaker 1: Explain to me a little bit about how this is working,
• 25:35
  Speaker 1: because this is where I get confused. When the first
• 25:38
  Speaker 1: time I got a chance to really see you talk,
• 25:41
  Speaker 1: you were talking with John wu at the Avalanche summit
• 25:44
  Speaker 1: in Argentina and the connection. Then you mentioned, you know,
• 25:48
  Speaker 1: the launch of an l one. That's an Avalanche you
• 25:50
  Speaker 1: know solution. But at the same time, I look over
• 25:53
  Speaker 1: here on the Frequency website, which this is essentially a
• 25:57
  Speaker 1: similar model for Polka You've got me we on there,
• 26:01
  Speaker 1: we are eight. How does this are you guys on Avalanche?
• 26:06
  Speaker 1: Now are you moving to Frequency or vice versa? What's
• 26:10
  Speaker 1: the what's the situation?
• 26:13
  Speaker 4: Okay, so you know, thank you for bringing this up.
• 26:19
  Speaker 4: We are the underlying technology and the underlying project Liberty
• 26:25
  Speaker 4: sits on Polka Dot. That's like I said, the universal
• 26:29
  Speaker 4: log in. You're gonna get that universal log in from
• 26:33
  Speaker 4: signing up to me we or we are eight or
• 26:36
  Speaker 4: any of these other interoperable apps. You're going to get
• 26:38
  Speaker 4: that from Polka Dot. Now that so you come on
• 26:44
  Speaker 4: through Polka Dot if you will let your door into.
• 26:47
  Speaker 4: They have a fantastic tech stack, very reliable. It's been
• 26:51
  Speaker 4: tested at scalable. Project Liberty and Frank and his technology
• 26:55
  Speaker 4: team led by Braxton, Woodham and Harry. They've tested that
• 26:59
  Speaker 4: out so they know it's scalable, which is key. What
• 27:03
  Speaker 4: we're doing with Avalanche is one, we're starting to prove
• 27:08
  Speaker 4: out the interoperability concept that could exist between a Polka
• 27:12
  Speaker 4: Dot and an Avalanche, because chains have to be interoperable.
• 27:16
  Speaker 4: And two is that we're launching our own l one
• 27:20
  Speaker 4: on Avalanche, so that me We the app itself and
• 27:25
  Speaker 4: the transactions that occur on me We would all happen
• 27:29
  Speaker 4: on the Avalanche network. So the signing in the social graph,
• 27:35
  Speaker 4: the movement of that social graph from app to app
• 27:37
  Speaker 4: to app will all occur within a Polka Dot framework,
• 27:41
  Speaker 4: and the frequency token, which is Frank's token, will exist there.
• 27:46
  Speaker 4: Users that come on board will get frequency tokens at
• 27:50
  Speaker 4: this utility token at some point in time, and they'll
• 27:53
  Speaker 4: be able to use that they're staking, et cetera. And
• 27:56
  Speaker 4: then me We the app and all of its functioning
• 28:00
  Speaker 4: and commercialization will exist on the l one Avalanche platform.
• 28:05
  Speaker 4: And then other apps, location based, camera, whatever it is,
• 28:10
  Speaker 4: can add to our app on Avalanche and they'll be
• 28:14
  Speaker 4: able to utilize the tokens that we're going to be
• 28:17
  Speaker 4: coming out with there. If that makes sense.
• 28:19
  Speaker 1: So by default, then with Avalanches technology, all those other
• 28:24
  Speaker 1: l ones which are interoperable with each other, now have
• 28:28
  Speaker 1: the capacity to eventually scale across social which is where
• 28:32
  Speaker 1: you get the decentralized connection. Okay, I understand how this
• 28:36
  Speaker 1: is how you guys go ahead?
• 28:38
  Speaker 4: Yeah, and Paul was pardon me, I just was going
• 28:40
  Speaker 4: to say, when we look at this as a benefit
• 28:42
  Speaker 4: for Project Liberty and a benefit for the Polka Dot connection,
• 28:46
  Speaker 4: because now you have the Polka Dot ecosystem and everything
• 28:50
  Speaker 4: that's being built there, all the Project Liberty apps that
• 28:53
  Speaker 4: keep adding one by one by one, and then you
• 28:56
  Speaker 4: avail yourself. Also what's happening Like you've inferred on the
• 28:59
  Speaker 4: Avalanche side with other l ones and other apps on Avalanche,
• 29:03
  Speaker 4: and at some point they're going to have to talk
• 29:06
  Speaker 4: to each other and roallets are going to have to
• 29:08
  Speaker 4: be able to exchange tokens, et cetera. So we think
• 29:10
  Speaker 4: we're going to get the benefit me we is and
• 29:12
  Speaker 4: Project Liberty of both.
• 29:15
  Speaker 1: Yeah, that's a big deal because I think this is
• 29:17
  Speaker 1: the has been the missing link for a real Web
• 29:21
  Speaker 1: three social platform to take to take hold and really
• 29:25
  Speaker 1: do well. Noster more of a Bitcoin community. Lens you know,
• 29:30
  Speaker 1: far Caster not a complete solution Arena, very avalanche driven,
• 29:35
  Speaker 1: but very connected because of X. I get it. But
• 29:39
  Speaker 1: this would be the breakthrough that I think everybody would
• 29:41
  Speaker 1: be looking for. For sure. How quick for a l
• 29:44
  Speaker 1: one launch for you.
• 29:45
  Speaker 4: Guys, getting up as an l one can happen in weeks.
• 29:51
  Speaker 4: That's not the problem. That's not the challenge for us.
• 29:54
  Speaker 4: The challenge for us is is we're trying to design.
• 29:57
  Speaker 4: Since we have all these active users and thousands every
• 30:02
  Speaker 4: day that keep getting added, we want to make sure
• 30:05
  Speaker 4: we have a vibrant token economy, you know, a reward system,
• 30:08
  Speaker 4: a points system that works on a platform, so that
• 30:12
  Speaker 4: we incentivize people for the right behaviors. That we incentivize you, Paul,
• 30:17
  Speaker 4: for having your own group and having great content in
• 30:20
  Speaker 4: your group. We incentivize activity posts that are benefiting the
• 30:25
  Speaker 4: world and as we move toward the future, So we
• 30:28
  Speaker 4: want to get that squared away first. So I would
• 30:31
  Speaker 4: say we're a couple months away from finalizing that, and
• 30:36
  Speaker 4: once that's finalized, the l one would launch around the
• 30:38
  Speaker 4: same time.
• 30:40
  Speaker 1: Good for you, all right, So let's talk about Mark
• 30:43
  Speaker 1: Zuckerberg for a second. I know you have a little
• 30:45
  Speaker 1: bit of an opinion on this, and if you think
• 30:47
  Speaker 1: about Facebook and Meta in general, Instagram Zuckerberg has been
• 30:52
  Speaker 1: on camera a couple of times talking about the potential of,
• 30:56
  Speaker 1: you know, an open source dialogue for social in the future.
• 31:00
  Speaker 1: Do you think he's going to pull the trigger on
• 31:02
  Speaker 1: opening up Instagram and Meta.
• 31:06
  Speaker 4: I don't think he can, based upon some of the
• 31:09
  Speaker 4: comments that I made to you earlier. I think their
• 31:12
  Speaker 4: business model and their algorithms is too much around how
• 31:18
  Speaker 4: they're going to leverage you for selling ads, and I
• 31:21
  Speaker 4: don't know how. There's not a solution on the web,
• 31:25
  Speaker 4: on the web three world right now where that could
• 31:28
  Speaker 4: be done in a way that benefits decentralization. There are
• 31:33
  Speaker 4: things we're working on, there's things Project Liberty is working
• 31:36
  Speaker 4: on where you can own and control and turn on
• 31:39
  Speaker 4: and off on your own social graph, but that's not
• 31:43
  Speaker 4: here today. So I think that what look Mark flip flops.
• 31:50
  Speaker 4: He flip flops on his views on how he handled
• 31:53
  Speaker 4: Trump and banning people and then flipping back and making
• 31:57
  Speaker 4: donations to campaigns. So he's going to go where the
• 32:00
  Speaker 4: money is. I think he's going to say what he
• 32:02
  Speaker 4: needs to say. But I believe that what we're doing
• 32:06
  Speaker 4: is going to be more open source beneficial that Mark's doing.
• 32:11
  Speaker 4: And look, you can say you're open source, you could
• 32:14
  Speaker 4: say you're decentralizing, but then why not, You'll just control
• 32:19
  Speaker 4: all your own nodes and control all your own data.
• 32:22
  Speaker 4: So you can say, look, how decentralized we are. Right,
• 32:26
  Speaker 4: yet you're still controlling what's going on and you're not
• 32:29
  Speaker 4: getting realized.
• 32:30
  Speaker 1: Yeah, it's a different It's listen, this is going to
• 32:33
  Speaker 1: be something that's going to take some time to unwind.
• 32:35
  Speaker 1: I mean, we've spent since two thousand and seven building
• 32:38
  Speaker 1: a framework around social media that has been walled gardens.
• 32:40
  Speaker 1: So I agree with you speaking of that. If TikTok
• 32:45
  Speaker 1: were to just say, if she were to come in
• 32:47
  Speaker 1: and say, okay, yeah, we're doing the deal with Frank
• 32:48
  Speaker 1: McCourt and we're going to release TikTok assets and it's
• 32:52
  Speaker 1: going to happen next week, would you be able to respond?
• 32:55
  Speaker 1: Would Project Liberty me we be able to say, okay,
• 32:59
  Speaker 1: we're going to be up in running in a matter
• 33:00
  Speaker 1: of how long.
• 33:03
  Speaker 4: Yes, that would fall more in Frank's group and Braxton
• 33:07
  Speaker 4: and that team. So I can't give you a timeframe,
• 33:10
  Speaker 4: but we have the technology, we know it's scalable in
• 33:14
  Speaker 4: Polka Dot, and we know we're at that point now
• 33:17
  Speaker 4: where it's interoperable, so something that would happen in over
• 33:22
  Speaker 4: a period of months would be my belief. But again
• 33:26
  Speaker 4: that's more in the line under control, under control of
• 33:29
  Speaker 4: the Project Liberty tech team.
• 33:31
  Speaker 1: Wow. Interesting. Hopefully this is the cycle. It's the next evolution,
• 33:35
  Speaker 1: you know, if we're social will go, which will be
• 33:38
  Speaker 1: hopefully on blockchain. That's what we're hoping for for sure. Jeffery,
• 33:41
  Speaker 1: it's been great having you on. Thank you so much
• 33:43
  Speaker 1: for coming into the show today. We appreciate it.
• 33:46
  Speaker 4: Thank you, Paul, You take care all.
• 33:48
  Speaker 1: Right, thank you all? Are you guys? If you're not
• 33:50
  Speaker 1: tuned into the Diamond Circle, that's our own private group.
• 33:53
  Speaker 1: And guess what did you know that you can join
• 33:55
  Speaker 1: a Telegram group that is the Diamond Circle, and that's right.
• 33:58
  Speaker 1: You can communicate with me. A lot of additional research
• 34:01
  Speaker 1: drops in there, all sorts of cool stuff that you
• 34:03
  Speaker 1: guys don't want to miss. Use the link down below
• 34:05
  Speaker 1: sign up for that and of course catch me out
• 34:07
  Speaker 1: there on x at Paul Baron. We'll catch you next
• 34:09
  Speaker 1: time right here on tech Bath