Latest / The Paul Barron Crypto Show / Polkadot TikTok Bid Heats Up!!🔥Massive Creator Army Unites🚨

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Polkadot TikTok Bid Heats Up!!🔥Massive Creator Army Unites🚨 · The Paul Barron Crypto Show

• 0:06
  Speaker 1: TikTok and Crypto are on a collision course. Today, we're
• 0:08
  Speaker 1: going to break it down for you. My name is
• 0:09
  Speaker 1: Paul Barreon. Welcome back into tech path. Let's go into
• 0:12
  Speaker 1: it today. I do want to thank our sponsor, that
• 0:14
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• 0:17
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• 0:43
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• 0:44
  Speaker 2: Get going.
• 0:45
  Speaker 1: Let's go into the big news today, and that is
• 0:48
  Speaker 1: Alexis o'hannion, founder of Reddit. You guys will probably remember him,
• 0:52
  Speaker 1: know him. He's also married to Serena Williams. But anyway,
• 0:54
  Speaker 1: he's officially now one of the people trying to buy TikTok,
• 0:57
  Speaker 1: and he's going to bring it on chain, so he
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  Speaker 1: unders stands what Frank McCourt is trying to do. If
• 1:02
  Speaker 1: you look in there further, it says frequency, this is
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  Speaker 1: the chain within polka dot that will pretty much drive
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  Speaker 1: all transactions.
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  Speaker 2: All sorts of creator rewards, et cetera.
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  Speaker 1: So this will empower these principles to become reality, is
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  Speaker 1: what he's stating. And it's going to be greater. It
• 1:19
  Speaker 1: won't just be fairer, it's going to be better. So
• 1:22
  Speaker 1: a lot really kind of flowing in on this. Now
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  Speaker 1: this goes into I've got a clip here of Kevin
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  Speaker 1: O'Leary talks a little bit more about why this new
• 1:30
  Speaker 1: partnership came about. Take a look, Frank McCourt has announced
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  Speaker 1: that the co founder of Reddit, Alexis Ohenian, is going
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  Speaker 1: to join your bid to acquire TikTok.
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  Speaker 2: Why was Alexis brought into this?
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  Speaker 3: Kevin?
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  Speaker 2: Do you need the money?
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  Speaker 4: No? No, he is such a What we're really concerned
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  Speaker 4: about with this deal is what happens to the creators.
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  Speaker 4: Reddit is well known amongst the creator community, and he
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  Speaker 4: is a legend within social media Frank stealing was something
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  Speaker 4: even bigger.
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  Speaker 2: Than just TikTok.
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  Speaker 4: That's been at the bottom and the root of problems
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  Speaker 4: on social media, which got TikTok in trouble in the
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  Speaker 4: first place. Who owns the consumer data?
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  Speaker 1: You've got Oliria, I mean O'Leary, You've got now, Alexis
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  Speaker 1: on there, You've got mister beeson here. This is a
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  Speaker 1: like the Avengers team right now bidding for TikTok. And
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  Speaker 1: what I don't get at is that there's no way
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  Speaker 1: that Trump doesn't get this approved for this company to
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  Speaker 1: be one of the key bidders, if not the one that.
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  Speaker 2: Gets the award. Alexis also if.
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  Speaker 1: You guys, remember is an og on ethereum.
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  Speaker 2: Take a look at this clip.
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  Speaker 5: What has been the single best investment you've ever made?
• 2:35
  Speaker 6: It would be ethereum. The token sell for ethereum.
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  Speaker 5: How much did you make?
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  Speaker 6: Seventeen zero point one million? No, yeah, wow, you to sell.
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  Speaker 6: I definitely sold some Ethereum. I mean it wasn't that bad.
• 2:50
  Speaker 6: I sold it for like, you know, a wedding and
• 2:52
  Speaker 6: engagement ring and all that stuff. So it was a
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  Speaker 6: good investment. But the.
• 3:02
  Speaker 1: Thing that we deal in with cryptos Why did I sell?
• 3:05
  Speaker 1: Why did I sell? Everybody's going to be asking if
• 3:07
  Speaker 1: your brand new to crypto. You probably haven't add that
• 3:10
  Speaker 1: to yourself. One day you will, you'll ask that question.
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  Speaker 1: The other things you look at for his portfolio. This
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  Speaker 1: is Alexis o'hannan's company, and there's a lot of interesting
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  Speaker 1: companies that you'll recognize. They're so rare right there. This
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  Speaker 1: is one of the companies that works in the sporting industry.
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  Speaker 1: They're in the soccer side of things. We've talked about
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  Speaker 1: them before you go. Labs is on there, Polygon is there.
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  Speaker 1: So he's already very rich into blockchain in terms of investments.
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  Speaker 1: Then when you apply his connection to the sports industry
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  Speaker 1: and what he's doing there, which is generating revenue for
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  Speaker 1: athlete creators.
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  Speaker 2: And this is going to start with weekly.
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  Speaker 1: Cash payouts every Sunday night in descriptions, imagine if this
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  Speaker 1: is getting poured into TikTok.
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  Speaker 2: So this will be a big part.
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  Speaker 1: I think of how TikTok could start off with a
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  Speaker 1: lot more. Remember he's married Serena Williams, so she's got
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  Speaker 1: all the hookups. She knows who is who in that space,
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  Speaker 1: and what a great potential there for really a draw
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  Speaker 1: into TikTok. Now, further into this, you have to look
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  Speaker 1: at the problem that TikTok has and why all of
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  Speaker 1: this is even an issue. Well, this was a video
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  Speaker 1: that released out quite a bit of information of why
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  Speaker 1: in this reference to the consumer data.
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  Speaker 2: Take a look at this.
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  Speaker 1: Yeah, judge is.
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  Speaker 7: Allowing that lawsuit how to move forward and has also
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  Speaker 7: unsealed parts of it, and that has allowed us to
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  Speaker 7: see what the DC Attorney General says has never before
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  Speaker 7: seen data.
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  Speaker 2: What are some of the biggest things that this data
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  Speaker 2: is revealing.
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  Speaker 7: If you look at your screen right now, it's showing
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  Speaker 7: you TikTok only removes about forty six percent of violent
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  Speaker 7: graphic content thirty three percent. There's also quite a bit
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  Speaker 7: of content dealing with things like minor sexual solicitation. Look
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  Speaker 7: at your screen. How disturbing some of this is. Up
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  Speaker 7: to seventy percent of teens ages thirteen to fifteen are
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  Speaker 7: essentially saying that they are older than they are, and
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  Speaker 7: then that means that you're automatically not set into the
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  Speaker 7: more restrictive version of the app.
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  Speaker 2: BK Talk responding to all this.
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  Speaker 7: Here's a statement from them right here. They said, ignores
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  Speaker 7: the number of proactive measures that TikTok has voluntary implemented
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  Speaker 7: to support this now is able to move forward, though
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  Speaker 7: Joseph will be keeping an eye on it. Like we mentioned,
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  Speaker 7: it's DC as well as thirteen states. And this judge
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  Speaker 7: really cleared the way for this to happen, which we
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  Speaker 7: weren't sure if that would.
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  Speaker 2: Be the case.
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  Speaker 7: TikTok had tried to get this dismissed. He said, nope,
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  Speaker 7: what's going to go ahead and move forward?
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  Speaker 1: I don't know, but guys, I think TikTok is toast.
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  Speaker 1: This is something that is not going to be overlooked
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  Speaker 1: by Congress. It's definitely not going to be overlooked by
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  Speaker 1: the administration.
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  Speaker 2: And all of this.
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  Speaker 1: Trump vows reciprocal tariffs on India and China. This is
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  Speaker 1: coming on April second. He announced this last night. Could
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  Speaker 1: this have been a ploy all along by the Trump
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  Speaker 1: administration in a negotiation with China? Who owns TikTok by dance.
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  Speaker 1: Could this be a narrative that was a negotiation and
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  Speaker 1: could be ending up as a negotiation tactic going into
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  Speaker 1: the final rounds of what this may look like. Other
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  Speaker 1: things I want to hit on right here, China warns
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  Speaker 1: that said, hey, listen, if we're going to get in
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  Speaker 1: a trade war, they're all up for it. So this
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  Speaker 1: is this is something they're willing to five for TikTok
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  Speaker 1: sale announced before April. The percentage is dropping. Everybody's saying
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  Speaker 1: that this is not going to happen before April. Now
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  Speaker 1: remember April's second big key date there because of those trades.
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  Speaker 1: Could it be a domino that's used in that negotiating tactic?
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  Speaker 1: And I think this might be a little bit low.
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  Speaker 1: I think we may get an announcement on this one
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  Speaker 1: way or the other. All right, So I want to
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  Speaker 1: go to another clip here, and this is where it
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  Speaker 1: links up Alexis o'hannian with mister Beast and why he's
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  Speaker 1: connected to that.
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  Speaker 5: Take a look, So you invest in the feastable's company.
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  Speaker 5: It's a separate company. Yeah, can I so much? She
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  Speaker 5: put in at what price?
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  Speaker 6: I bought ten percent at forty mili and now having
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  Speaker 6: also invested in the hold co.
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  Speaker 5: Is missed a beast worth five billion by the whole.
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  Speaker 6: For sure, at least that when Amazon Prime Video sees
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  Speaker 6: the traffic that he will to Prime Video. You better
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  Speaker 6: believe the next deal is not gonna be the same
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  Speaker 6: as the first. We're still all undervaluing the power of
• 7:08
  Speaker 6: distribution from someone like him until you see those numbers
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  Speaker 6: and you're like, oh, holy shit.
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  Speaker 1: Then you go into Beast Games, which is what Alexis
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  Speaker 1: Ohanny was talking about. This hits fifty million viewers in
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  Speaker 1: twenty five days. This is the exact point he was making,
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  Speaker 1: and if you look further into here, the total also
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  Speaker 1: makes it the streamers number two series debut of twenty
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  Speaker 1: twenty four. This was behind Fallout and fallow Out like
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  Speaker 1: a ridiculous budget compared to a reality show that is
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  Speaker 1: doing what the Beast Games is doing. So this is
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  Speaker 1: really and could be a major factor. Imagine now with Jimmy, Alexis,
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  Speaker 1: Frank McCord all of that along with sports reality, you
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  Speaker 1: kind of get the point of where content creation could
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  Speaker 1: be going and could they be getting into the very
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  Speaker 1: place that could take over where content is going to
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  Speaker 1: and that could be in the new TikTok or at
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  Speaker 1: least social realm. But listen to what Howie Mandel had
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  Speaker 1: Frank mccourton from Project Liberty, and they were talking about
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  Speaker 1: this very issue.
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  Speaker 3: Take a look, I don't think the average person on
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  Speaker 3: TikTok really cares about what China is going to do
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  Speaker 3: with my bank account. I have eleven million followers on
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  Speaker 3: TikTok right now. I make money on YouTube. The hardest
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  Speaker 3: place for me to make money is on TikTok. Even
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  Speaker 3: with a supposedly eleven million followers. Why would you waste
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  Speaker 3: money and buy TikTok when you can just replicate and
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  Speaker 3: do it yourself. If you took that money and play
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  Speaker 3: and paid it to the creators, that's why they're called influencers.
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  Speaker 3: If you own those top twenty people that you talked
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  Speaker 3: to in Malibu and you paid them enough, people are
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  Speaker 3: going to follow as you said. They follow the content,
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  Speaker 3: and you could relegate TikTok to almost nothing without buying it.
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  Speaker 3: I'd rather dance on your TikTok and get big money.
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  Speaker 3: People like to accumulate numbers. They they're more fascinated with
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  Speaker 3: accumulating dollars. I'd rather dance on yours, and you give
• 9:08
  Speaker 3: me the money and save the money that you want
• 9:10
  Speaker 3: to give byte dance. Give it to me, and I
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  Speaker 3: promise you, I and everybody I know will be dancing
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  Speaker 3: on your.
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  Speaker 8: Platform by the way, it will also be regular Joe
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  Speaker 8: sixpack getting paid for his data. Everybody will get paid.
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  Speaker 8: Everybody is in this party.
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  Speaker 9: Okay.
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  Speaker 6: And by the way, is mister Bee's part of this?
• 9:30
  Speaker 8: Jimmy's part of every bit.
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  Speaker 3: Jimmy he calls him Jimmy.
• 9:33
  Speaker 6: He's very friendly with Jimmy. I'm the only one who's
• 9:34
  Speaker 6: not friendly with Jimmy. Is Can I be part of
• 9:36
  Speaker 6: the consartium if I know.
• 9:37
  Speaker 8: For thirty plus years he's raring to be part of
• 9:41
  Speaker 8: this all the way I want to be.
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  Speaker 3: I'm not talking about for profit.
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  Speaker 8: I'm just saying, consider yourself in. This is the people's
• 9:47
  Speaker 8: bit we want.
• 9:49
  Speaker 1: I like Awry Meddell now in the power of what
• 9:52
  Speaker 1: Frank mccorr is putting up together through all of this
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  Speaker 1: is almost undeniable. And of course the benefit of this
• 9:59
  Speaker 1: is going to end up in the frequency chain, which
• 10:01
  Speaker 1: is what we're showing right now. This is a number
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  Speaker 1: of transactions. Remember, this is the chain that would drive
• 10:07
  Speaker 1: onto the potential of paying creators, dealing with transactions, all
• 10:12
  Speaker 1: of that within the Polka Dot ecosystem.
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  Speaker 2: That is the.
• 10:15
  Speaker 1: Framework and the key here for what they are doing
• 10:20
  Speaker 1: is it has to have an American tech stack, which
• 10:23
  Speaker 1: means Polka Dot would have to buy you know, bi Osmosis.
• 10:27
  Speaker 1: I guess become an American company based on what we're
• 10:31
  Speaker 1: dealing with here on TikTok going forward, all right? With
• 10:34
  Speaker 1: all that, you look at TikTok and Polka Dot compared,
• 10:38
  Speaker 1: you can kind of see just the amount of market
• 10:41
  Speaker 1: carnage that Dot has gone through down sixty percent, and
• 10:45
  Speaker 1: I think that is a big factor here, so is
• 10:47
  Speaker 1: everybody looking at Dot. Man said, maybe this is an
• 10:49
  Speaker 1: option for us to jump on this again, not investment advice,
• 10:52
  Speaker 1: but just looking at what's happening and brewing within this
• 10:55
  Speaker 1: whole negotiation.
• 10:56
  Speaker 2: And it's still very fluid.
• 10:57
  Speaker 1: A lot of things could still happen, so you can't
• 10:59
  Speaker 1: put all of your cards in one place. I want
• 11:02
  Speaker 1: to go to one other thing. This is just a
• 11:05
  Speaker 1: you know, it's basically a presentation that was done during
• 11:07
  Speaker 1: eighth Denvert, but it was kind of interesting because it
• 11:10
  Speaker 1: had Polka Dot and Ethereum kind of going head to head.
• 11:13
  Speaker 2: Take a look.
• 11:13
  Speaker 9: We have the highest bandwidth across all of these solutions
• 11:16
  Speaker 9: because we have designed our system with this in mind.
• 11:19
  Speaker 9: We also have been able to achieve the most resilience
• 11:21
  Speaker 9: we have the highest documentive coefficient because of the way
• 11:24
  Speaker 9: that we treat our validators and our staking system inside
• 11:26
  Speaker 9: of Polka dots, we are also the most energy efficient.
• 11:28
  Speaker 9: This really comes from a lot from our staking, a
• 11:30
  Speaker 9: move from you know, obviously not using proof of work,
• 11:32
  Speaker 9: but using proof of steak. And finally we have been
• 11:34
  Speaker 9: able to achieve and show that we have the fastest
• 11:37
  Speaker 9: TPS across any blockchain in a live production network one
• 11:40
  Speaker 9: hundred and forty thousand transaction per second on a live network.
• 11:43
  Speaker 9: This is not something that was like hypothesized or this
• 11:45
  Speaker 9: is not theoretical, far far surpassing all the other blocks
• 11:48
  Speaker 9: out there with their theoretical claims. Ten of the twenty
• 11:51
  Speaker 9: top rollups and in the ecosystem are powered by Polka Dot.
• 11:54
  Speaker 9: So the direction you all are going in ethereum is good,
• 11:57
  Speaker 9: but we've already built this and we're headed now in
• 12:00
  Speaker 9: another direction.
• 12:01
  Speaker 2: This is not trying to shill pokadad. I mean, obviously
• 12:03
  Speaker 2: a little bit O see a little bit. I love
• 12:06
  Speaker 2: that guy man.
• 12:06
  Speaker 1: He looks like he's had a lot of coffee to
• 12:08
  Speaker 1: drink there and he's going at it though. It's passionate,
• 12:11
  Speaker 1: passionate debs I love that about him. Uh, And if
• 12:14
  Speaker 1: you look at the market, I think, because everybody's watching
• 12:16
  Speaker 1: our shows, you're investors, you're you know, you're not necessarily
• 12:19
  Speaker 1: in it for the tech as many people say, you're
• 12:21
  Speaker 1: in it for the run and the bull run that
• 12:23
  Speaker 1: we're going to be facing here. If you look at
• 12:25
  Speaker 1: some of the markets, and the fact that polka Dot
• 12:27
  Speaker 1: is not listed in many exchanges, including Robinhood. Look at
• 12:31
  Speaker 1: robin Hood they listed Arbitram and robin Hood and Arbitram
• 12:35
  Speaker 1: jumps in and they get a fifteen percent spike.
• 12:37
  Speaker 2: So imagine what.
• 12:38
  Speaker 1: Could happen with uh, polka dot if in fact we
• 12:41
  Speaker 1: see a listing there, especially if it's related in any
• 12:44
  Speaker 1: way to TikTok going forward.
• 12:46
  Speaker 2: So a lot happening.
• 12:48
  Speaker 1: If you look at polka dot and you kind of
• 12:49
  Speaker 1: zoom out, guys, I mean we are down at what
• 12:51
  Speaker 1: four forty seven right now. It's lowest in the past
• 12:55
  Speaker 1: two runs has been right around three sixty nine, So
• 12:58
  Speaker 1: I mean we may not see it. And right there
• 13:00
  Speaker 1: is the lowest it's ever been, which was back in
• 13:02
  Speaker 1: October twenty twenty three around three sixty three. So maybe
• 13:06
  Speaker 1: this is it could.
• 13:07
  Speaker 2: Go a little bit lower yeah, it could.
• 13:08
  Speaker 1: But the interesting point right now is it's back in
• 13:12
  Speaker 1: the game on possibly this TikTok bid, So if you
• 13:14
  Speaker 1: guys are not in the Diamond circle, get in right now.
• 13:16
  Speaker 1: It's a great place to get additional content. And of
• 13:18
  Speaker 1: course you guys can follow me out there on Axis
• 13:21
  Speaker 1: just at Paul Baron. We'll catch you next time right
• 13:23
  Speaker 1: here on tech Path