Latest / The Paul Barron Crypto Show / Solana Hits All-Time High!🚀 w/ Joe McCann

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Solana Hits All-Time High!🚀 w/ Joe McCann · The Paul Barron Crypto Show

0:05
Speaker 1: My name is Paul Barrel. Welcome back into tech path.
0:07
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Speaker 2: All right, we got to take a look.
0:39
Speaker 1: At Solana today and then we're going to bring our
0:41
Speaker 1: guest on here in just a second, as it is
0:44
Speaker 1: starting to crack into its all time high, holding a
0:47
Speaker 1: two point fifty five right now price and not bad
0:51
Speaker 1: for Solana considering and I think some of this may
0:53
Speaker 1: because be because of interestingly enough, a sweet outage actually
0:59
Speaker 1: a heard can you believe it?
1:01
Speaker 2: A sweet outage occurred just this morning.
1:03
Speaker 1: Of course everybody was I think scrambling, but they did
1:06
Speaker 1: do a pretty good job on recovering. And interestingly enough,
1:10
Speaker 1: we've got we've had the Sweet team on before, we've
1:12
Speaker 1: talked about this very topic. We'll be breaking that down
1:15
Speaker 1: as well to kind of discuss that.
1:17
Speaker 2: Here.
1:18
Speaker 1: In fact, is our guest today, Joe McCanne. He was
1:20
Speaker 1: talking about this. He said, Hey, well done, Sweet team,
1:23
Speaker 1: community swift recovery in just a few hours, so welcome
1:27
Speaker 1: to the party.
1:27
Speaker 2: I think these are the.
1:28
Speaker 1: Kind of things that that we not only fear, you know,
1:32
Speaker 1: from blockchain enthusiasts, people that are running nodes, and also
1:36
Speaker 1: I think just in general the community, but things like
1:39
Speaker 1: this are going to happen. This is still very early
1:41
Speaker 1: technology for sure. In fact, I've got a clip of
1:45
Speaker 1: missed in Labs talking about this very thing. Let's go
1:47
Speaker 1: to that clip.
1:48
Speaker 3: When do you become battle tasted?
1:50
Speaker 4: When does that happen?
1:50
Speaker 5: So you say, now it hasn't happened, but it could happen, right, Well,
1:53
Speaker 5: you just get a huge inflex of users and it's
1:55
Speaker 5: going to taste your system.
1:56
Speaker 3: And that's good question.
1:57
Speaker 6: The amount of users Web three today is so low,
2:00
Speaker 6: so that the outages that are happening now are pitiful,
2:03
Speaker 6: like it should not be happening. They all that off
2:05
Speaker 6: users the Web three to take sweet down right, we
2:08
Speaker 6: have no worries about being able to take on the
2:10
Speaker 6: world's demands. But I think the other networks do, which
2:12
Speaker 6: is why they have to quote the TPS. Any kind
2:15
Speaker 6: of volume, meaningful volume comes onto the network, the networks
2:18
Speaker 6: usually go down. I mean, Sweez never gone down. We
2:20
Speaker 6: never had any outage, and you don't have feeling transactions
2:23
Speaker 6: that are required to try again and again. You don't
2:26
Speaker 6: have outages that go on for you know, random times
2:29
Speaker 6: where you know you actually need to trade, which you
2:31
Speaker 6: don't get from Web three as a whole. I think
2:33
Speaker 6: we're bringing that level of execution to Web three and
2:35
Speaker 6: I think it's it's about time.
2:37
Speaker 2: All right.
2:38
Speaker 1: And we've had them on before, and of course that
2:40
Speaker 1: statement is kind of unfortunately you gonna have to eat
2:42
Speaker 1: a little bit of crow there. But I think in general,
2:44
Speaker 1: you know, you just have to look at the technology
2:46
Speaker 1: and where it has come from, not only that network
2:49
Speaker 1: but other Solona has also faced this. I wanted to
2:52
Speaker 1: bring on Joe McCann. He's a very outspoken Solana bull.
2:55
Speaker 1: I would call him out there coming in from Asymmetric.
2:58
Speaker 1: Thanks Joe for coming in well.
2:59
Speaker 2: Appreciate it.
3:00
Speaker 3: Yeah, glad to be here.
3:02
Speaker 2: Yeah, So Joe, let's get into a few points.
3:05
Speaker 1: First thing I want to kind of jump to is
3:07
Speaker 1: just if you look at the transaction levels and what
3:10
Speaker 1: we did over here on DeFi Lama was we took
3:12
Speaker 1: a look at Solana, Sweet, Avalanche, and Base.
3:15
Speaker 2: These are the ones.
3:16
Speaker 1: Of course, Solana right now in their tvl absolutely on fire.
3:21
Speaker 1: And you think about that and where it's going. Where
3:24
Speaker 1: do you see the core opportunities for Solana as it
3:28
Speaker 1: is right now? There's been a lot that have come
3:30
Speaker 1: since breakpoint, But is there anything that you're watching that's saying, hey,
3:33
Speaker 1: I'm still very vested in this.
3:35
Speaker 2: I see this as an upside.
3:37
Speaker 7: Yeah sure, I mean, look, so Solana has more or
3:41
Speaker 7: less proved that they are the chain for retail.
3:44
Speaker 3: Salona has product market fitness point.
3:47
Speaker 7: You know, I saw the sweet clip about you know,
3:50
Speaker 7: talking about outages and reliability concerns WITHO the chains. But
3:54
Speaker 7: the reality is my vig in software developer for twenty
3:57
Speaker 7: four years as well as a trader and an investor,
3:59
Speaker 7: and it turns out that you're going to get these
4:02
Speaker 7: types of issues when you have a lot of activity.
4:05
Speaker 7: And so this was the same thing with social networks,
4:07
Speaker 7: you know, fifteen years ago, i mean coinbase to this day,
4:10
Speaker 7: so it gets so much traffic that it ends up
4:12
Speaker 7: having reliability issues. This is a positive thing and it
4:15
Speaker 7: should be embraced now. Of course, nobody wants to be
4:18
Speaker 7: using a chain when it's down or it's not reliable.
4:21
Speaker 7: But the beauty is even earlier this year when we
4:23
Speaker 7: had kind of the meme coin craze in Q one.
4:25
Speaker 3: And there was a kind of congestion on the network
4:27
Speaker 3: of Salona.
4:29
Speaker 7: That bug has been patched because it actually occurred in
4:32
Speaker 7: a production environment with a ton of activity.
4:34
Speaker 3: That's what you actually want to see.
4:36
Speaker 7: You want to see a lot of activities who can
4:38
Speaker 7: identify these types of bugs and patch them. And since then,
4:40
Speaker 7: the main mean coin craze has gotten even crazier.
4:43
Speaker 3: And we've had no reliability issues on the network.
4:46
Speaker 1: Yeah, that is a good point that you're making there
4:49
Speaker 1: in the sense of where Solana has been on this cycle. Granted,
4:53
Speaker 1: you know, all coin season hadn't necessarily begun memes.
4:56
Speaker 3: That's right.
4:57
Speaker 1: Most likely are going to see even more you know,
5:00
Speaker 1: fever pitch around trading, so we'll get a chance to
5:03
Speaker 1: see if it's battle tested this time around. Going into this,
5:06
Speaker 1: I want to play a clip for you that is
5:09
Speaker 1: doctor mmin Gunn. He's talked about this around Avalanche and
5:13
Speaker 1: don't want to get your opinion.
5:14
Speaker 2: Let's go to that clip.
5:15
Speaker 4: This game, this off the grid game. Last I saw
5:18
Speaker 4: there was something like seven million users. It might even
5:21
Speaker 4: be more than that. Probably is right now much more.
5:24
Speaker 4: Oh wow, what's going on with this?
5:25
Speaker 8: It's great to open up the PlayStation store. Last time
5:28
Speaker 8: I opened it, it was the top game on it. It's
5:31
Speaker 8: not one of these coin things. You're not farming coins,
5:33
Speaker 8: you're not doing anything with coins in this game, for example,
5:36
Speaker 8: will never be impacted by anything that happens on the
5:39
Speaker 8: Sea chain. And all of these systems should be on
5:42
Speaker 8: separate chains that are isolated from each other such that
5:45
Speaker 8: your gameplay is not impacted if there's something else happening
5:48
Speaker 8: on the Avalanche that day. Now, there are two other
5:51
Speaker 8: systems that are similar to us in their multi chain vision.
5:55
Speaker 8: That's Polka Dot and Cosmos.
5:56
Speaker 4: It seems like you guys have finally hit the jackpot here.
5:59
Speaker 4: It's like the whole blockchain.
6:02
Speaker 1: When you look at Avalanche Joe and you consider what
6:05
Speaker 1: they've done with their l ones. The whole idea of
6:08
Speaker 1: these kind of subnets, I mean, Polka Dot was really
6:11
Speaker 1: kind of the og of this. What are your thoughts
6:13
Speaker 1: on that. Is this something that you feel like scales
6:16
Speaker 1: well with growth in blockchain overall?
6:20
Speaker 7: Well, I mean, look, I agree with the point of
6:24
Speaker 7: not having things that are happening on the other part
6:27
Speaker 7: of the Avalanche chain to take down what you're doing
6:29
Speaker 7: when you're playing the video game. Salana does this extremely
6:33
Speaker 7: well with what are called localized fee markets. Right, so
6:35
Speaker 7: if you really want to, you know, do an ntement
6:38
Speaker 7: or swap a token, or there's some you know, application
6:41
Speaker 7: that you're using that you really need your transaction to
6:43
Speaker 7: get through, you can pay more to actually get that
6:47
Speaker 7: transaction to go through without affecting others on the network.
6:50
Speaker 7: And so Salona is already doing this and has been
6:52
Speaker 7: doing this for quite some time. It's the same principle,
6:55
Speaker 7: it's just implemented differently. And so something like Avalanche or Cosmos.
6:59
Speaker 7: By having these subnets or these kind of you this
7:02
Speaker 7: myriad set of chains, you're introducing a level of complexity.
7:06
Speaker 3: Not necessarily just for the developers, but for the end users.
7:10
Speaker 7: And so I think one of the benefits you get
7:11
Speaker 7: from having frankly a Modeltic stack is that from the
7:16
Speaker 7: developer's perspective, it's all encompass in one place, but from
7:19
Speaker 7: the user's perspective, there's no real difference in how you're
7:22
Speaker 7: interacting with the chain.
7:24
Speaker 2: So okay, so a couple of points there.
7:27
Speaker 1: Solana has been a chain that it looked like it
7:29
Speaker 1: was going to start out as a gaming chain. We
7:32
Speaker 1: saw enough projects launching on it. We saw obviously a
7:36
Speaker 1: ton of mean points launching within it, especially when Phantom
7:39
Speaker 1: really integrated.
7:40
Speaker 2: But then you look at.
7:41
Speaker 1: Avalanche, which appears to have taken a little bit of
7:44
Speaker 1: the lead at least when it comes to devs on gaming.
7:48
Speaker 1: And back to your point, is that may open up
7:50
Speaker 1: as the gaming chain. I would agree with you that
7:52
Speaker 1: there are some alternatives on how this works. Do you
7:56
Speaker 1: think both win in this society? I guess I don't
7:59
Speaker 1: know think it's a winner take all, But I'm kind
8:01
Speaker 1: of curious. Do you think both win potentially maybe in
8:04
Speaker 1: different areas of the industry.
8:07
Speaker 7: Yeah, I mean, look, I'm all for competition in the
8:09
Speaker 7: space that means the end user ultimately wins, and I
8:12
Speaker 7: do believe that users don't really care how the sausage
8:16
Speaker 7: is made. They just want a great experience, right, So
8:18
Speaker 7: whether it's on Avalanche, it's on Solana, it's on an
8:21
Speaker 7: Ethereum L two or an L three like x Populus,
8:23
Speaker 7: which is also you know, a video game specific chain,
8:28
Speaker 7: it doesn't really matter. You know, users just want the
8:30
Speaker 7: best experience, and I think that that's ultimately what's going
8:32
Speaker 7: to to drive towards a multichain world. The key though,
8:36
Speaker 7: I think, is are you specifically focusing on a sector
8:41
Speaker 7: to be that you know, for your chain, or are
8:45
Speaker 7: you providing a platform or a network that has a wide.
8:50
Speaker 3: Spectrum of use cases?
8:51
Speaker 7: Right, So if I go back to Solana as an example,
8:54
Speaker 7: there's video games on Solana, of course there is. But
8:56
Speaker 7: there's also deepen projects right like Helium, Highmapper, these types
9:01
Speaker 7: of things. Of course there's loads of DeFi and they
9:04
Speaker 7: all benefit from the same level of effort that developers
9:08
Speaker 7: in the Salon community put into making a Salona the
9:11
Speaker 7: fastest high through put chain today.
9:15
Speaker 1: Well yeah, and I think when you look back at
9:16
Speaker 1: that chart, I'll just just for our viewers that maybe
9:19
Speaker 1: didn't get a chance to see that, is you're looking
9:23
Speaker 1: at some pretty significant numbers here just in the TVL
9:25
Speaker 1: on SLON and this is in comparison to Base, Avalanche,
9:30
Speaker 1: and Suite, all of which you know, granted Base is
9:33
Speaker 1: an early chain.
9:35
Speaker 2: Could we see some growth out of that?
9:36
Speaker 1: Sure, that's an EVM, But the interesting point is is
9:40
Speaker 1: that Solana just continues to accelerate. So we're going to
9:43
Speaker 1: see more and more I think in terms of growth.
9:45
Speaker 2: I want to go right, go ahead, go ahead.
9:47
Speaker 7: Make I'm just going to quickly mention, you know, look,
9:50
Speaker 7: Phantom these you know, call it the canonical wallet application
9:54
Speaker 7: that and users download on their mobile phones. Was the highest,
9:59
Speaker 7: was higher than what and Instagram just recently.
10:03
Speaker 3: And that implies to me that a lot of net.
10:06
Speaker 7: New users, retail users are crime to not necessarily coinbased directly,
10:10
Speaker 7: but they're going straight to Solana. And it's likely because
10:14
Speaker 7: of a lot of the meme coin activity, of course,
10:17
Speaker 7: but also the ease of use of just using Solana
10:20
Speaker 7: for myriad applications. And Phantom is a great, you know,
10:22
Speaker 7: sort of application that enables users to do loads of
10:27
Speaker 7: stuff on Solana.
10:28
Speaker 1: Yeah, yeah, well, I think you know, they're what we've
10:31
Speaker 1: seen a lot of I think crypto apps in general.
10:34
Speaker 2: Coinbase just recently hit number one.
10:36
Speaker 1: But the point is, I think now we're starting to
10:39
Speaker 1: see retail coming in and Solana usually is one of
10:43
Speaker 1: the first all coins that retail looks at. And I think,
10:46
Speaker 1: you know, we've talked about this many times with traditional investors,
10:48
Speaker 1: and now they're throwing Solana in there with ethan Bitcoin,
10:51
Speaker 1: you know, as the primary targets for investments, so you're
10:54
Speaker 1: most likely going to see more of this.
10:56
Speaker 2: I want to flip.
10:57
Speaker 1: Over to kind of shift over to Poknot for a
10:59
Speaker 1: second and take a look look at comparison, and not
11:01
Speaker 1: that we're comparing all these chains, but I want everybody
11:04
Speaker 1: to kind of understand every chain kind of has a
11:06
Speaker 1: uniqueness to it. This is actually the found one of
11:09
Speaker 1: the founders of Cardono, Charles Hoskinson, talking about Polka Dot.
11:13
Speaker 2: Listen it.
11:14
Speaker 5: What other Polka Dot crossovers are there. Well, we're really
11:17
Speaker 5: excited to see where JAM goes. That's a great innovation
11:20
Speaker 5: and we're going to be doing a lot of upstream
11:23
Speaker 5: contributions to substrate from improvements that we've made because of Midnight.
11:27
Speaker 5: So we're all in the family now.
11:30
Speaker 2: All right.
11:30
Speaker 1: So he's mentioning JAM, which of course Gavin Wood has
11:34
Speaker 1: been out there really kind of focusing in on this
11:36
Speaker 1: if and this is a comparison of Polka dot Salona
11:39
Speaker 1: and then JAM, which is Polka VM.
11:42
Speaker 2: This is not released yet, but the.
11:43
Speaker 1: Idea is that this is even going to be faster.
11:46
Speaker 1: Uh No requirements, very low, performance, very high. I mean,
11:50
Speaker 1: there's a lot of potentials here. Have you looked into.
11:53
Speaker 2: This uh so far?
11:56
Speaker 1: Especially if you think about Gavin Wood and just his
11:58
Speaker 1: prowess within the blockchain community. What's your opinion of this
12:02
Speaker 1: one right now?
12:05
Speaker 3: Yeah?
12:05
Speaker 7: I mean, look, I'll due credit to Gavin for the
12:08
Speaker 7: work they did on Ethereum and ultimately polka dot, but
12:11
Speaker 7: I mean he was most recently on a podcast interview
12:13
Speaker 7: saying that the biggest issue facing Polka dot is charding,
12:16
Speaker 7: which is the architectural design decision that he ultimately made.
12:20
Speaker 7: The second thing that and this isn't necessarily, you know,
12:24
Speaker 7: a judgment against the design of Polka dot, but one
12:28
Speaker 7: of the most obvious things that I try to track
12:30
Speaker 7: are developers and the activity on a particular chain or
12:34
Speaker 7: frankly even an open source project and see where they are.
12:36
Speaker 7: And Ethereum clearly has the majority of those developers today.
12:40
Speaker 7: But there's also a massive uptic of developers that are
12:42
Speaker 7: now building on Slana.
12:43
Speaker 3: Currently as I.
12:44
Speaker 7: Sit here today, I don't see that level of activity
12:47
Speaker 7: on Cardano or Polka Dot. And so you know, wherever
12:51
Speaker 7: developers are there tends to be value. And so I
12:54
Speaker 7: do think that the ambitious roadmap that he's putting in
12:56
Speaker 7: front of us is is noble. Will developers actually believe it?
13:01
Speaker 7: How long will it take to actually implement? And will
13:03
Speaker 7: they have a solid go to market to get developers
13:06
Speaker 7: to build on top of this new vision?
13:09
Speaker 1: Well, I think you're right there is follow the devs.
13:11
Speaker 1: That's you know, like any technology, especially emerging technology, what
13:15
Speaker 1: we're seeing in blockchain right now and what most likely
13:17
Speaker 1: will be maybe mainstream technology very soon with what we're
13:22
Speaker 1: seeing just around this new administration coming on board. We
13:25
Speaker 1: just did a livestream on this very topic. I want
13:27
Speaker 1: to go into another point right here because this was
13:31
Speaker 1: an interesting statement by stock twits. Let me kind of
13:34
Speaker 1: zooming up there. Meme coins made easy, you'd be able
13:37
Speaker 1: to actually get in and do meme coins on stock twits.
13:41
Speaker 1: And of course, if you look at stock twits in general,
13:44
Speaker 1: these guys have eight million users that are very active traders.
13:50
Speaker 1: You know what the potential of where that might be
13:53
Speaker 1: when you look at these kind of ecosystems, whether it's
13:55
Speaker 1: a stock twits or others, and the idea of memes
13:59
Speaker 1: that almost normalizes crypto to enormy. A person who's never
14:04
Speaker 1: you know, they're coming in for the very first time.
14:06
Speaker 1: They're not thinking fundamentals and they're definitely not thinking bitcoin
14:09
Speaker 1: right off the bat, but.
14:10
Speaker 2: They just want to earn quick earning.
14:12
Speaker 1: Do you feel like this is a good thing for
14:13
Speaker 1: the industry to kind of get people exposed to trading crypto.
14:19
Speaker 3: Yeah.
14:19
Speaker 7: Absolutely, and just full disclosure, I'm an advisor and investor
14:22
Speaker 7: too in spot. It's a phenomenal product that's more or
14:26
Speaker 7: less aiming to be the robinhood for mean coins. Their
14:29
Speaker 7: integration with stock twits is huge. As you mentioned, there's
14:32
Speaker 7: eight million users at least noted on their website.
14:34
Speaker 3: They said ten million on the tweet.
14:37
Speaker 7: Are all of those folks going to eventually end up
14:40
Speaker 7: trading mean coins? Probably not, but some percentage of them
14:43
Speaker 7: actually will. And I think the beauty of this is
14:45
Speaker 7: that it's being at all of the wallet management and
14:48
Speaker 7: kind of the user experienced challenges that come with onboarding
14:51
Speaker 7: people in crypto is abstracted away on something like spot. Now,
14:55
Speaker 7: is this this moral argument around our trading mean coins,
14:59
Speaker 7: you know, good or bad? I don't really view it
15:02
Speaker 7: either way. People have been speculating from the existence of
15:06
Speaker 7: humans on this planet and they're never going to stop.
15:09
Speaker 3: And in fact, if.
15:09
Speaker 7: You look at things like sports gambling in the United States,
15:12
Speaker 7: thirty four states, including the Washington d C, have legalized
15:14
Speaker 7: it over the past you know, four years, and you've
15:16
Speaker 7: got a triple digit kagger for every year of growth. Folks,
15:21
Speaker 7: especially younger generation, they love to gamble on football games.
15:24
Speaker 3: It's it's you know, it's a social aspect.
15:26
Speaker 7: Stock twits is a social media site for for you know,
15:29
Speaker 7: folks in the finance industry.
15:30
Speaker 3: It's it just seems to make a lot of sense.
15:32
Speaker 7: And more importantly though, there's traders on stock Twits, and
15:35
Speaker 7: traders their job is to make money, and so by
15:38
Speaker 7: having access to the highest performing sector of all of
15:42
Speaker 7: crypto in twenty twenty four mean coins with the simple
15:45
Speaker 7: click of a button, I think this is net positive
15:47
Speaker 7: just for getting more people into crypto in general.
15:50
Speaker 2: Yeah, and I think that's the key here.
15:51
Speaker 1: Is really the upside for this cycle and you know
15:55
Speaker 1: mini cycles beyond.
15:57
Speaker 2: This is really about adoption.
15:59
Speaker 1: Everybody's been kind of talking about, you know, the explosion
16:02
Speaker 1: of what we've seen in traditional capital, a lot of
16:04
Speaker 1: institutionals moving into it, especially around what we've seen with
16:08
Speaker 1: the ETFs. But with that, you got to look at
16:11
Speaker 1: some of the cornerstones of crypto. One of course is
16:13
Speaker 1: ethereum and I was just looking at currently if you
16:17
Speaker 1: look at since den Coon, this is the blobs, which
16:20
Speaker 1: essentially are some of the infrastructure of ETH and how
16:24
Speaker 1: it's going to grow. One thing that Matthew Siegel, this
16:26
Speaker 1: is coming over from Van k He says, each strength
16:29
Speaker 1: confirmed now by fundamentals blops per block exceeding their critical level.
16:33
Speaker 2: So this is a new deal.
16:35
Speaker 1: Potentially this could cause some acceleration on base. There's a
16:38
Speaker 1: lot of opportunity here to the upside. When you look
16:41
Speaker 1: at this on ethereum and you kind of compare what's
16:44
Speaker 1: happening with Solana, how would you compare the two if
16:48
Speaker 1: you were an investor learning about this for the first time.
16:53
Speaker 7: Yeah, I mean one of the challenges for an investor
16:56
Speaker 7: coming into space is they tend to want to bring
16:57
Speaker 7: traditional financial models like fund middle analysis to evaluate the
17:02
Speaker 7: value of something. The challenge though, is as if you
17:05
Speaker 7: dig into the details for something like ethereum and the
17:07
Speaker 7: den can upgrade, it's actually not net positive for the
17:11
Speaker 7: price of ethereum. It doesn't actually impact the deflationary narrative
17:15
Speaker 7: that has been touted by the ethereum community for such
17:17
Speaker 7: a long time, and so you believe it or not,
17:20
Speaker 7: even when you have large amounts of blobs that are
17:23
Speaker 7: that are being settled, it's not actually affecting, say the
17:26
Speaker 7: price of ether. So you can be a fundamental, you know,
17:30
Speaker 7: in agreement fundamentally with the technology and the changes that
17:32
Speaker 7: etheroeum's making.
17:34
Speaker 3: But if you look at the price and you compare
17:36
Speaker 3: it relative to.
17:37
Speaker 7: Bitcoin and relative to Salona, ethereum is dramatically underperforming both
17:42
Speaker 7: of these assets today. Now Bitcoin clearly has the institutional
17:45
Speaker 7: flows behind it. They now have options, tradings on the spot,
17:48
Speaker 7: ETFs Solana is flipping every metric on ethereum to date.
17:54
Speaker 7: In fact, even a protocol called geto which enables you know,
17:58
Speaker 7: basically faster bundling. On Salana, they did more protocol revenant
18:04
Speaker 7: revenue than tether ethereum. Basically every other protocol combined yesterday,
18:08
Speaker 7: So that the fundamentals from an investor standpoint, if you're
18:13
Speaker 7: looking at what's happening in the Salona ecosystem today, you
18:16
Speaker 7: could still see Salona sitting at alta highs going wait
18:19
Speaker 7: a second, is still one third.
18:21
Speaker 3: The value of Etherea.
18:22
Speaker 7: The activity on Ethereum is positive because we want to
18:24
Speaker 7: see more activity on that network. But from an investors standpoint,
18:28
Speaker 7: what's the relative value between these two? Is it better
18:31
Speaker 7: to be own Ethereum or is it better to own
18:32
Speaker 7: bitquin in Salona?
18:33
Speaker 2: Yeah?
18:33
Speaker 1: No, I think that's the quandary that everybody runs in
18:36
Speaker 1: terms of performance and just return on your active assets.
18:40
Speaker 1: So it is a challenge I think that everybody faces
18:43
Speaker 1: when you look at Solana and the argument. And we've
18:46
Speaker 1: had many very pro Salona people on including you know,
18:49
Speaker 1: we're we're a pro Salona you know media company because
18:53
Speaker 1: we've been covering it for a long time. We've seen
18:54
Speaker 1: the highs and the lows. But the opportunity I think
18:58
Speaker 1: to really kind of accelerate Slana is going to probably
19:01
Speaker 1: come around decentralization or centralization, and many people would argue
19:07
Speaker 1: that Solana is more centralized than it has been in
19:10
Speaker 1: the past. What would you say to that right now?
19:13
Speaker 7: Yeah, I would just say that the data empirically proves
19:15
Speaker 7: that to be false. Right So, right now, for example,
19:17
Speaker 7: if you look at Solana, there's over fourteen hundred validators.
19:21
Speaker 7: It has an incredibly high knocked Nacamoto coefficient. But most importantly,
19:24
Speaker 7: the majority of these validators are geographically dispersed in various
19:28
Speaker 7: data centers that are not concentrated in something like Amazon.
19:31
Speaker 7: So if you look at the majority of the validators
19:33
Speaker 7: that are running on Ethereum right now, they're running an AWS.
19:37
Speaker 7: So the Ethereum community loves to tout this decentralization maxim
19:41
Speaker 7: but ultimately you're running inside of centralized data center that
19:45
Speaker 7: could be coerced at some point in the future, versus
19:48
Speaker 7: having the redundancy across myriad data centers.
19:51
Speaker 3: We talk about the suite outage.
19:53
Speaker 7: Here's another example, right, So, swet they had an issue
19:57
Speaker 7: with the scheduler, which is pretty hard stuff. It had
20:00
Speaker 7: nothing to do with the spike in activity. It's just
20:02
Speaker 7: had to do with a bug and the scheduler code.
20:06
Speaker 7: They have one hundred and seven validators, so they have
20:08
Speaker 7: Solana has fourteen times that many.
20:12
Speaker 3: So as we look.
20:12
Speaker 7: At something like Salona, and people are simply saying that
20:15
Speaker 7: this is a centralized network.
20:16
Speaker 3: It's just empirically false.
20:18
Speaker 7: And furthermore, the amount of actual stake that's on the
20:21
Speaker 7: network continues to improve over time, especially with folks like
20:25
Speaker 7: GDO enabling Geosol as their LST. People can just go
20:29
Speaker 7: ahead and earn the yield by holding that token. This
20:32
Speaker 7: is just kind of a positive flywheel effect, and it's
20:34
Speaker 7: only leading towards even a higher Knockomoto coefficient and ultimately
20:38
Speaker 7: better decentralization.
20:40
Speaker 1: Okay, so a good argument, I think, you know, because
20:44
Speaker 1: many people will will draw that one up quite a bit.
20:46
Speaker 1: I want to go over to the regulatory framework that's
20:50
Speaker 1: kind of setting up right now and a couple of
20:52
Speaker 1: points that are starting to hit on. That is how
20:55
Speaker 1: Trump's position and Congress in general, will you know addressed blockchain.
21:01
Speaker 2: I want to go to a clip. This is Charles
21:03
Speaker 2: again talking about this.
21:05
Speaker 9: Talk us through exactly what those discussions look like, and
21:08
Speaker 9: who are you speaking to in particular.
21:10
Speaker 5: Not exactly clear, and how it's set up on the
21:12
Speaker 5: executive side, but on the legislative side, it's very clear
21:15
Speaker 5: what they want us to pass a law. Is there
21:16
Speaker 5: a sense from you know, the senators that you're speaking
21:19
Speaker 5: with that this time around there will be support to
21:21
Speaker 5: get this enshrined into law.
21:24
Speaker 2: Yeah.
21:25
Speaker 5: The challenge is not will that a law get passed.
21:27
Speaker 5: I think there's a very high probability that that's going
21:29
Speaker 5: to occur. The challenge is what is the scope of it?
21:31
Speaker 5: So I think there's a very strong bet that we're
21:33
Speaker 5: going to resolve the is it a security or not
21:35
Speaker 5: a security issue in twenty twenty five.
21:37
Speaker 9: So you're saying that there's going to be some sort
21:38
Speaker 9: of commission established for this.
21:41
Speaker 5: So first off, it's hard to pick a commission or
21:44
Speaker 5: even talk about a concept until the Treasury Secretary's been selected.
21:47
Speaker 5: If there was, as are, I would navigate a gentleman
21:50
Speaker 5: like Brian Armstrong for example, to be that person, and
21:53
Speaker 5: then to build a subcommittee structure where subcommittees basically sit
21:56
Speaker 5: under by topic, so you have the stable coins, exchanges
22:00
Speaker 5: and these types of things. But again it's very early days,
22:03
Speaker 5: and so I think it's probably gonna get resolved within
22:04
Speaker 5: about sixty to ninety days. Treasury Secretary and Trump's people,
22:09
Speaker 5: and they're far beyond my pay grade. I have no
22:11
Speaker 5: idea where they're going.
22:13
Speaker 1: All right, So some of the points he made there,
22:15
Speaker 1: and I wanted to get your opinion. You look at Cardono,
22:18
Speaker 1: you know, very decentralized in natural that's kind of their mantra.
22:24
Speaker 1: You look at Solana mini blockchains that will look at decentralization.
22:27
Speaker 1: But at the same time, Charles you know, kind of
22:29
Speaker 1: pushed up Brian Armstrong, which is a centralized exchange.
22:33
Speaker 2: So a little bit of an oxymoron.
22:35
Speaker 1: There, But who would you select it as maybe a
22:38
Speaker 1: cryptosar for the White House because this is probably going
22:41
Speaker 1: to be a very a very critical position.
22:46
Speaker 2: Yeah.
22:46
Speaker 7: Look, I mean there's a handful of folks that come
22:48
Speaker 7: to mind, but there's going to be trade off to
22:51
Speaker 7: all of them. Right, So Brian Armstrong is you know,
22:54
Speaker 7: arguably the face of US crypto at this point. But
22:57
Speaker 7: Coinbase has been heavily lobbying in DC for quite some time,
23:01
Speaker 7: so they have a lot of kind of hooks into
23:03
Speaker 7: DC as.
23:03
Speaker 3: It stands today.
23:04
Speaker 7: And although yes, coinbas is a centralized exchange and they
23:08
Speaker 7: are a publicly traded company, they have been pro crypto
23:11
Speaker 7: for quite some time. Yes, they are at the behas
23:13
Speaker 7: of shareholders in Wall Street, and so that can influence
23:16
Speaker 7: their business making.
23:17
Speaker 3: Decisions.
23:18
Speaker 7: But ultimately, I do think that the work that coinbase
23:21
Speaker 7: has done fighting you know, the good fight, so to speak,
23:25
Speaker 7: from the regulation standpoint, but also ensuring that users feel
23:28
Speaker 7: comfortable and confident using a centralized exchange to just be
23:31
Speaker 7: able to gain access to crypto is you know, those
23:35
Speaker 7: are the characteristics that I would like to see in ZAR.
23:38
Speaker 7: On the other side of the spectrum, this is ironically
23:40
Speaker 7: a former CTO of coinbas As, a guy by the
23:43
Speaker 7: name of Bology Screening Vasen, who's one of the smartest
23:45
Speaker 7: guys I know in the space beyond just crypto. You know,
23:48
Speaker 7: He's had a genomics company that he sold. He's just
23:50
Speaker 7: absolutely brilliant. He's been very forward thinking. And if Trump
23:54
Speaker 7: actually wants to kind of live up to the mantra
23:57
Speaker 7: of having a sea change style of as it relates
24:00
Speaker 7: to digital assets and just frankly innovation in general AI
24:04
Speaker 7: being included in that, having a huge thinker like Bology
24:08
Speaker 7: Screenyvasen to come in and actually help shape that, I
24:12
Speaker 7: think would be a huge win for the Trump administration
24:14
Speaker 7: and frankly all of the entrepreneurs in the United States
24:17
Speaker 7: that are trying to continue to build innovative products and services.
24:21
Speaker 1: Yeah, I've got to check back in on biology because
24:23
Speaker 1: we've we've talked to him before and uh, you know,
24:26
Speaker 1: he's been very anti not not US in general, but
24:30
Speaker 1: he's you know, he's anti with what the regulatory framework
24:33
Speaker 1: has been in the United States. Correct, hopefully his opinion
24:36
Speaker 1: has started to shift now much more positive, hopefully with
24:39
Speaker 1: what's happening now with his newest new administration. I want
24:43
Speaker 1: a side step over into Propy, and I know you're
24:47
Speaker 1: involved with it. I got a chance to see one
24:48
Speaker 1: of your your talks there, but I want to go
24:50
Speaker 1: to a clip here that's talking about the crypto escrow
24:54
Speaker 1: that's taking place with Propy and what this might mean
24:57
Speaker 1: for the market.
24:58
Speaker 10: Let's go to that eleven zero point six percent of
25:02
Speaker 10: home buyers in America used crypto for down payment during
25:08
Speaker 10: the last round. Wow, they had to first exit crypto
25:12
Speaker 10: and then buy property. So what this service allows is innovation.
25:17
Speaker 10: It's a crypto escort service with property title, which is licensed.
25:22
Speaker 10: Our crypto escro holds the crypto holding until the deal closes,
25:29
Speaker 10: and then converted if the seller prefers to receive dollars.
25:33
Speaker 9: I can imagine with the bull run that just have
25:36
Speaker 9: exploded these days, we would see probably twenty thirty percent
25:42
Speaker 9: of Americans, the young generation getting into home ownership.
25:47
Speaker 10: To utilize those services. So we're very thrilled on a
25:52
Speaker 10: timely manner we've launched this service.
25:56
Speaker 1: So the reason I bring that up, we've had that's
25:59
Speaker 1: the CEO of Proper. We've had her on talking about
26:01
Speaker 1: Proppy many many months ago and the potential of real
26:05
Speaker 1: estate and what that might look like.
26:07
Speaker 2: Joe.
26:08
Speaker 1: First of all, your opinion on what this could be
26:12
Speaker 1: for real estate, because she is right, there's going to
26:14
Speaker 1: be a lot of assets that might be looking for
26:17
Speaker 1: even if it's just a small portion of exits going
26:20
Speaker 1: into real estate. The opportunity of using crypto to do that.
26:23
Speaker 1: Give me a breakdown where you see this going.
26:27
Speaker 7: Yeah, I mean this is one of the most obvious
26:30
Speaker 7: I think use cases when you look at certain verticals
26:35
Speaker 7: or industries where there are layers and layers of bureaucracy
26:39
Speaker 7: or middlemen. Right, even the payments industry is designed this way.
26:43
Speaker 7: So just to run a credit card transaction, there's like
26:45
Speaker 7: seven or eight different parties that all want to get
26:47
Speaker 7: a piece of that and have there's their claim and
26:51
Speaker 7: the critical path of that transaction getting through that gets
26:54
Speaker 7: removed with things like stable coin transfers. Right, it's just
26:57
Speaker 7: instantaneous settlement and there's really no one in the middle.
27:00
Speaker 7: This is the same type of thing right title, property rights. This,
27:04
Speaker 7: especially in the United States, I can't speak for other countries,
27:07
Speaker 7: is unnecessarily bureaucratic and difficult for people to just simply
27:13
Speaker 7: purchase a home from someone. And so by enabling the
27:17
Speaker 7: custodying of people's crypto assets, let's just say bitcoin in
27:20
Speaker 7: this scenario, not having to say, realize taxes or losses
27:26
Speaker 7: on it if they want to actually purchase a home
27:28
Speaker 7: is a huge benefit not only to the buyer, but
27:31
Speaker 7: also potentially the seller if they're also a crypto holder.
27:35
Speaker 2: Yeah.
27:36
Speaker 1: I think this is a big factor because it's one
27:38
Speaker 1: of the areas of real world assets that we have
27:40
Speaker 1: not necessarily seen engage yet, and it's.
27:44
Speaker 2: Been somewhat early.
27:46
Speaker 1: Probably is one of the few handful of companies that
27:48
Speaker 1: have started to kind of, you know, tread in this space.
27:51
Speaker 1: So I'm definitely going to be watching that. I don't
27:54
Speaker 1: want to bore you with this next clip, but I
27:56
Speaker 1: want to get to the point.
27:58
Speaker 2: And this of course you want to play it guys.
28:01
Speaker 2: The guys are saying, we got to play this clip
28:03
Speaker 2: for Joe. He's gonna love it.
28:04
Speaker 1: All right, We're gonna play this clip for you. Let
28:06
Speaker 1: you take a look at and see what you think.
28:09
Speaker 3: Here it is in all its splendor.
28:11
Speaker 11: Please knowe cryptocurrency payments will be accepted on this lot.
28:14
Speaker 11: At the time of payment, We're gonna begin at eight
28:18
Speaker 11: hundred thousand dollars at eight hundred thousand dollars, eight hundred
28:21
Speaker 11: and fifty thousand dollars out one million, one hundred Thousand's
28:23
Speaker 11: your bit, So one million, two hundred thousand, one million,
28:26
Speaker 11: eight hundred thousand.
28:27
Speaker 12: We're jenhua. Now two million dollars, So a two million
28:30
Speaker 12: six is bit online.
28:31
Speaker 11: Next bit's going to be two million eight Let's see
28:33
Speaker 11: two million, eight hundred thousand AD three million dollars looking
28:36
Speaker 11: for two now three million dollars?
28:37
Speaker 3: See you outset yes.
28:41
Speaker 12: At four million, nine hundred thousand, and say five please,
28:43
Speaker 12: five million dollars at five million dollars. Here on my
28:47
Speaker 12: right hand side of five million dollars.
28:49
Speaker 3: These are words.
28:50
Speaker 12: I never thought I'd say five million dollars for a banana.
28:53
Speaker 12: Don't let it slip away? Five million, one hundred thousand, Jen,
28:59
Speaker 12: you're gonna come in again, the world's most expensive banana
29:03
Speaker 12: at five million, two hundred thirdsand fair warning at five million,
29:08
Speaker 12: two hundred thousand dollars, Jen, the cats Alan is yours. Congratulations,
29:13
Speaker 12: Thank you very much.
29:14
Speaker 1: All Right, So we were having a little fun there
29:15
Speaker 1: with that one, Joe. But the point is is with
29:18
Speaker 1: the end and of course the bidding. If you guys
29:20
Speaker 1: didn't catch that in the in the winning bid, that
29:22
Speaker 1: was Justin's Sun, one of the billionaires in the tron network.
29:28
Speaker 1: But if you look at that in general and you
29:30
Speaker 1: just think about are we at the top? Is this
29:34
Speaker 1: market now overheated? Is this maybe nearing the point of
29:39
Speaker 1: maybe no return? You've got one hundred thousand dollars bitcoin
29:42
Speaker 1: approaching all time high for Solana. Quite a few tokens
29:46
Speaker 1: who have ten xt already meme coins have had their run.
29:50
Speaker 2: What do you think, Joe? Is this just the beginning
29:52
Speaker 2: or did the banana end it?
29:56
Speaker 7: Well, you know, I think my buddy Ryo Paul, who
30:00
Speaker 7: blamed the phrase the banana zone, is it's actually the beginning.
30:04
Speaker 7: I actually don't think we're anywhere near the top. And
30:06
Speaker 7: a lot of this has to do with the regulatory
30:09
Speaker 7: changes that will be coming under the Trump administration. I mean, look,
30:12
Speaker 7: Justin Sun is not new to these types of public
30:18
Speaker 7: acts of for sure baiting people into engaging with him, right,
30:23
Speaker 7: He's been doing this for a very long time. And
30:26
Speaker 7: I think that the purchase of a piece of art
30:30
Speaker 7: like that at that price, Look, people value things however
30:33
Speaker 7: they want to, and it's really relative. The guy's a billionaire.
30:36
Speaker 7: What's a few million dollars to him? You know, it's
30:39
Speaker 7: his call. Ultimately, Is this a signal of something that
30:42
Speaker 7: is topping?
30:43
Speaker 3: No.
30:43
Speaker 7: And the reason I say that is there's a couple
30:45
Speaker 7: of things. One, we're not seeing a level of euphoria
30:48
Speaker 7: like we saw in late twenty twenty one right now. Furthermore,
30:51
Speaker 7: from the macro perspective, you're having central banks continue to
30:53
Speaker 7: cut rates around the world. The Fed's going to cut
30:55
Speaker 7: another twenty five BIPs in December. That's providing more liquidity
30:59
Speaker 7: into the market. And then, third, again, I think just
31:01
Speaker 7: the massive tailwind of having a Trump win as well
31:04
Speaker 7: as a red sweep with the popular vote backing Trump
31:07
Speaker 7: being a pro crypto candidate, engaging with so many people
31:10
Speaker 7: in the crypto community, and frankly the Fair Shake Pack
31:12
Speaker 7: being the most effective political action committee in this past election.
31:16
Speaker 7: They the forty eight candidates that they've backed, they all won.
31:20
Speaker 7: This is not a surprise, I think from you folks
31:24
Speaker 7: that have been tracking what's happening in DC.
31:26
Speaker 3: But DC now has to act on that. Now.
31:29
Speaker 7: We can discount some of what Trump said on the
31:32
Speaker 7: campaign trail, but the perception is that these things are coming,
31:36
Speaker 7: and that's ultimately with drives markets and I just don't
31:38
Speaker 7: think we're anywhere near done.
31:39
Speaker 2: Well.
31:40
Speaker 1: I think you hit it right there on the head,
31:41
Speaker 1: and that is narratives. Narratives start playing into this, and
31:45
Speaker 1: especially in these early cycles where many of these advanced
31:48
Speaker 1: traders they picked these up early enough to where they
31:50
Speaker 1: can truly benefit from them. So I think you're right there.
31:54
Speaker 2: My last clip for you, I.
31:55
Speaker 1: Promised, Joe, and then I'm going to let you go.
31:57
Speaker 1: And this is talking because this is getting into mainstream option.
32:00
Speaker 1: And this is the thing that I argue all the time,
32:02
Speaker 1: is there certain trigger points that have to happen for
32:05
Speaker 1: something to really take off. And we're in still very
32:09
Speaker 1: early stage of all of it, including Solana's life cycle.
32:12
Speaker 1: But I want to play this last clip on McDonald's
32:14
Speaker 1: for you.
32:15
Speaker 2: Take a look.
32:16
Speaker 7: McDonald is teasing their biggest VENU upgrade since the Big
32:19
Speaker 7: Mac and guess what it's Crypto.
32:21
Speaker 3: On November twelfth, McDonald's tease the Doodle's collab.
32:26
Speaker 1: One hundred million limited edition hot Beverage McCafe cups only
32:30
Speaker 1: for the US, though through the McDonald's app, you'll receive
32:32
Speaker 1: an email where you can claim your digital apparel for
32:34
Speaker 1: your Doodle's character. Run to McDonald's and go get you
32:37
Speaker 1: a hot coffee.
32:42
Speaker 9: Street. We're walking to the moon lots in hand.
32:48
Speaker 7: I got this for a dollar on the app, and
32:50
Speaker 7: I want to go get five more, just to have
32:53
Speaker 7: as disposable cups.
32:54
Speaker 4: At my house.
32:54
Speaker 5: I thought one hundred million cups is very limited, but
32:56
Speaker 5: I wonder if these will sell an youboo ma.
32:57
Speaker 2: Right schell drop these rare collectors packed page.
33:00
Speaker 1: There's only three thousand of each set available.
33:03
Speaker 3: This is what happened.
33:04
Speaker 4: The floor price for Doodles went through the roof and
33:07
Speaker 4: it sort of stayed there.
33:08
Speaker 2: So I don't know about you, but I know where
33:10
Speaker 2: I'm getting coffee on Monday.
33:11
Speaker 3: Doodles Coffee Cups, The Doodles Coffee Cups. Doodles Doodles coffee cups.
33:20
Speaker 9: The Doodles coffee cups.
33:23
Speaker 1: So nine out of ten times, I don't even know
33:26
Speaker 1: what the fuck we are showing her at mcdonmal's.
33:29
Speaker 3: I don't even know what is this for?
33:31
Speaker 2: For what?
33:32
Speaker 3: But it's so cute? Is it?
33:34
Speaker 8: Only in there?
33:35
Speaker 1: People are gonna get men the Doodle's coffee cups?
33:39
Speaker 9: Can I get like five level?
33:41
Speaker 3: Let me let me ask you one second, I'm sorry.
33:44
Speaker 2: Okay acquired?
33:47
Speaker 1: Okay, Joe, you didn't know that this was a comedy show.
33:49
Speaker 2: Did you?
33:51
Speaker 3: I did not.
33:53
Speaker 1: Our guys will get going on some of these things.
33:55
Speaker 1: But the point I'm making is that when you look
33:57
Speaker 1: at McDonald's, this is the retailer of food taking a
34:02
Speaker 1: dive into blockchain, and they're doing it in a fun
34:04
Speaker 1: way with Doodles an NFT collection. I mean, but what
34:07
Speaker 1: happens when we see real serious entries into this space,
34:11
Speaker 1: whether it's in real world assets, you know, more companies
34:15
Speaker 1: holding bitcoin and other assets on their treasury. Where do
34:19
Speaker 1: you think that could potentially go? With McDonald's taking the lead?
34:24
Speaker 2: Yeah?
34:24
Speaker 7: Look, I mean so, first of all, like I was
34:26
Speaker 7: former CTO at one of the top ad agencies in
34:28
Speaker 7: New York, City.
34:28
Speaker 3: This is a brand activation.
34:30
Speaker 7: There was likely some deal that was cut between McDonald's
34:32
Speaker 7: and Doodles. This could have been, you know, the same
34:35
Speaker 7: craze that we saw with the Stanley cups a little
34:37
Speaker 7: over a year ago. Right, it's the same kind of concept,
34:40
Speaker 7: and these things go viral for whatever reason. But this
34:44
Speaker 7: is a brand activation. This isn't necessarily the path to
34:47
Speaker 7: onboarding more people into Crypto. However, it's going to drum
34:51
Speaker 7: up interest. You know, even the woman that was suggesting
34:53
Speaker 7: that she doesn't even know what they're selling.
34:54
Speaker 3: Maybe she's going to look into that.
34:55
Speaker 7: And what is a doodle? Oh, it's an NFT. It's
34:57
Speaker 7: on ethereum. What is ethereum? I need to get a wallet,
34:59
Speaker 7: all these types of things.
35:00
Speaker 3: Right.
35:01
Speaker 7: My perspective for a couple of years now has been
35:03
Speaker 7: that mobile is going to be the thing that is
35:05
Speaker 7: the big kind of unlock, kind of step function improvement
35:09
Speaker 7: in the amount of people that are actually onboarded into crypto.
35:12
Speaker 7: But most importantly, the crypto is going to be abstracted away.
35:15
Speaker 7: So whether it's a video game, it's you know, there's
35:18
Speaker 7: an application on a Slama called Moonwalk where it's you know,
35:21
Speaker 7: competitive you know, steps that you take on a weekly
35:24
Speaker 7: or daily basis, where you have these competitions, all of
35:27
Speaker 7: the crypto is mostly abstracted away, and that I think
35:30
Speaker 7: is ultimately what's going to get the next huge boom
35:33
Speaker 7: in users is going to be through the mobile device.
35:35
Speaker 2: Yeah, I would agree with you.
35:36
Speaker 1: I think that is going to be one of the
35:38
Speaker 1: major advancements on it.
35:40
Speaker 2: And what we'll see.
35:41
Speaker 1: What do you make of this last issue, and that
35:43
Speaker 1: is Gary Gensler stepping down today or at least saying
35:47
Speaker 1: that he's going to step down on the twentieth of January.
35:50
Speaker 2: Is that big?
35:51
Speaker 3: Yeah?
35:52
Speaker 7: I mean I was, I was on I was on
35:54
Speaker 7: Yahoo Finance the other day talking about this, and my
35:57
Speaker 7: view was that, you know, I'm not a lawyer, but
36:00
Speaker 7: Trump can't legally remove the chair of the SEC. However
36:04
Speaker 7: I find it. I found it then and I'm not
36:06
Speaker 7: surprised to see this today. Next one possible that someone
36:09
Speaker 7: like Gerry Ginster is going to remain at the SEC
36:12
Speaker 7: under a Trump administration.
36:13
Speaker 3: I mean, the con man its life absolute hell.
36:15
Speaker 7: And so this is just I think, you know, sort
36:19
Speaker 7: of the last hurrah of the current administration's enforcement actions
36:25
Speaker 7: policy for regulating crypto and hopefully ushering a new era
36:30
Speaker 7: of just clarity. We're not looking for wild wild West again.
36:33
Speaker 7: What we're looking for is just clarity so we know,
36:36
Speaker 7: not only as investors but also the entrepreneurs, what the
36:39
Speaker 7: guardrails are, what the rules are, what the frameworks are,
36:42
Speaker 7: so that we can actually, you know, be the leader
36:44
Speaker 7: when it comes to crypto, blockchain and web three based
36:47
Speaker 7: technology and innovation.
36:48
Speaker 1: Yeah, for sure. Joe mccannon, thanks again for stopping in today.
36:51
Speaker 1: We appreciate. We'll definitely have you back on the show
36:53
Speaker 1: soon as Solano breaks three hundred, which I think is coming.
36:57
Speaker 3: So we' twnny that's where it's going.
37:00
Speaker 2: That's the number, all right. I like you, all right,
37:02
Speaker 2: thanks a lot, Joe, appreciate it. Are you guys? If
37:04
Speaker 2: you're not.
37:05
Speaker 1: In the Diamond Circle, make sure and jump in right now.
37:07
Speaker 1: That's our own private group. It's very easy to join.
37:09
Speaker 1: Just click the link down below. Follow me out there
37:11
Speaker 1: on x at Paul Baron. We'll catch you next time
37:13
Speaker 1: right here on Techpath