Latest / The Paul Barron Crypto Show / Ethereum & Solana Updates with Jackie Dutton

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Ethereum & Solana Updates with Jackie Dutton · The Paul Barron Crypto Show

• 0:07
  A huge event is happening in the ethereum land, and today we'll break that
• 0:11
  down, give you guys some insights as to what that might mean for a
• 0:14
  handful of tokens, take a look at a handful of other tokens that are
• 0:18
  related to this, and also uncover maybe a secret meme trend that might be
• 0:23
  appearing. You don't want to miss some money with Paul Barren, welcome back
• 0:26
  in the tech path. Before we get started, I want to thank our
• 0:28
  sponsor, and that is Coinbase. If you're looking at centralized exchanges and maybe
• 0:32
  you're brand new to crypto and you're thinking, this is my first chance to
• 0:36
  get in there, buy some ethereum, or I want to buy a meme
• 0:38
  token, or maybe if I just want to buy some bitcoin. You can
• 0:41
  do all of that over on coinbase. Just visit their website coinbas dot com.
• 0:45
  Make sure and use our link. It's going to give you a two
• 0:48
  hundred dollars in crypto for a sign up. So take a look at that
• 0:52
  future of money is here and check it out. I want to welcome,
• 0:56
  of course, into the show my co host today and that's Jackie Dutton,
• 1:00
  mother of Djen's. How are you. I'm good, happy to be back
• 1:03
  for another tech Path Tuesday. Tech Path Tuesday is here, and I see
• 1:07
  that you are tweeting in such a lovely manner this morning out here, calling
• 1:12
  me out right there in front of all of Twitter, and excellent, looking
• 1:18
  forward to collecting tomorrow's money. In essence, what we're talking about here.
• 1:23
  If you guys didn't watch our video last week, it was poly marketing and
• 1:26
  it was this bet right here of my bet that mister Biden is going to
• 1:30
  get out of this race, and in some format. I still believe that
• 1:34
  this is going to happen so much so I'm going to double down on this.
• 1:40
  So I'm going to do it again and always a great strategy. Yeah,
• 1:45
  but right now seventy percent, Jackie, why do you think he's gonna
• 1:49
  pretty much stay in or do you think the Democrat Democratic Party is just forced
• 1:53
  to hold him as their candidate. I think he's kind of like the grandpa
• 1:59
  that you can move out of the house, you can't take the car keys
• 2:01
  away from. He's really like gripped onto that control. And also what happens
• 2:07
  to Hunter if he gets out, if he's not there anymore. I have
• 2:12
  a whole theory that there's that. You know, with any passage of presidencies,
• 2:17
  there's usually this lineage that seems to just appear out of nowhere. You
• 2:22
  know, many people would look at the Clinton Foundation, some people would look
• 2:25
  at others. You know, maybe there is a Biden Foundation of some sort
• 2:30
  that somehow magically appears, and then you know, that's maybe a transition period
• 2:35
  for Joe Biden to step aside. And of course next up would be Kamala
• 2:38
  Harris right now, Kamala Harris right now vice president, she's holding a much
• 2:44
  more commanding position. This was like in very low single digits last week and
• 2:49
  now it's a double digit twenty percent right here. So maybe that in itself
• 2:53
  is giving a little bit of leeway here to possibly a shift and all the
• 2:58
  money goes to her, right That's how the Democratic Party works, is all
• 3:01
  that money that has been collected, she's the only one that can use it.
• 3:07
  I don't know if there is precedent for this at this point. I
• 3:12
  think they still need to work out the rules because it's it's odd, you
• 3:16
  know, I don't know if it's ever happened that the president has just stepped
• 3:20
  aside. Well, the other thing that you have to think about with that
• 3:23
  is with Biden. I think the question will be And these are coming from
• 3:29
  political pundits. I've seen this both on CNN, CNBC, you know,
• 3:34
  all of which have really started pointing toward you know, Kamala Harris has potentially
• 3:38
  you know, taking that in. So I don't know. One thing is
• 3:40
  for sure. If Biden does not stay in the position as the candidate for
• 3:46
  the Democratic Party, I think that's bad for crypto because the unknown we don't
• 3:52
  know who the new candidate would be, at least not immediate. We also
• 3:55
  don't know how Trump would respond to that. It could actually benefit the Democratic
• 4:00
  Party just because it's a late entry and it's difficult to you know, if
• 4:03
  you've got someone that's you know, popular enough. But I want to move
• 4:09
  on here because there's some other things happening out there Crypto land, and that
• 4:12
  is right here. House is going to vote on the overriding the Biden veto
• 4:15
  on the sab one T repeal a little after four on Wednesday, So this
• 4:19
  is coming tomorrow. Do you think this will go through? You think they'll
• 4:24
  repeal this? You're saying no, I think yeah, no, Even though
• 4:29
  that you know, the RNC came out with a very very pro crypto statement
• 4:32
  yesterday. I think that was lovely to see. But it would require an
• 4:35
  additional sixty votes then the last time. Yep, that would be a lot
• 4:42
  to get a lot of people to change their mind. Yeah, it has
• 4:45
  to go into quite a bit. Uh. Here it is on poly market.
• 4:48
  Just I remember, guys that polymarket on polygon still but polymarket, Uh,
• 4:56
  sitting here at a ten percent chance right now, this would be a
• 4:59
  pretty interesting bet though. One hundred bucks. Let me kind of zoom in
• 5:01
  on that for you guys, one hundred bucks right there would give you a
• 5:03
  nine x. That would give you a nine x gain if that and even
• 5:10
  if that was a sixty to forty possibility, and this pays tomorrow because this
• 5:15
  is tomorrow Wednesday. Well, no, I'm going to do it. I'm
• 5:18
  going for it. I'm going for the nine X man, I'm such a
• 5:23
  d j in I don't even know you know. I'm going for it.
• 5:27
  Where you're saying, no, you won't do it, You're not going to
• 5:29
  take the bet, No, I think unfortunately, it would just be like
• 5:32
  losing money at this point, money just throwing it down the pope. Yeah,
• 5:35
  I see. That's what happens to me at the blackjack table all the
• 5:39
  time. I can never win at the blackjack table, even when I'm playing
• 5:42
  my friends, you know, even when they're fading cards in front of me,
• 5:46
  you know. So it happens, all right. So a couple other
• 5:49
  things that are happening right here. Remember that Metallic has been very, very
• 5:56
  i think, complimentary of what's happening on Polymarket. Here. He's talking about
• 6:00
  depositing to poly Market today just kind of shows the example of how you got
• 6:04
  to do it. It is a bit clunky, I will totally agree.
• 6:08
  And what he's trying to say there is if you go to number two is
• 6:12
  to you know, basically a new potential opportunity here of being able to speed
• 6:16
  up onboarding, which I think is fantastic. And all you would have to
• 6:20
  do is if you're going to go in and vote right there they are ERC
• 6:25
  thirty seven, seventy and seventy six eighty three would get this moving. Do
• 6:30
  you think that this is such a big deal right now? I saw that,
• 6:33
  you know, TYT is sponsored now by Polymarket. We're seeing a lot
• 6:39
  more movement in the space where they're looking at these trends, these political trends
• 6:44
  being tracked on polymarket. How big of a deal do you think this is?
• 6:47
  I think this is huge. This moves the gambling you know, anybody
• 6:53
  can participate element away from something like draft Kings, which is just sports and
• 6:57
  sporting events, and now you move it out real world event speculation, which
• 7:02
  you can do twenty four hours a day for almost any single topic. So
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  I think this is huge not only for polymarket, but just for people to
• 7:11
  speculate well. And the thing about this, this is something that we've been
• 7:15
  looking at even here, is that when you look at intent, that's you
• 7:19
  know, social sentiment is one thing, because that's just people talking a big
• 7:24
  talk. They may not actually vote it, they may not actually do what
• 7:28
  they're saying they're going to do. Then you have intent where they are saying,
• 7:31
  hey, I'm willing to do it, and I'm doing it in public.
• 7:34
  But polymarket takes it one more step, and that is I'm willing to
• 7:38
  do it. I'm going to do in public, and I'm going to bet
• 7:41
  on it. You know, I'm gonna put my money where my mouth is
• 7:44
  as they say. That changes the dynamic quickly because now you have real data
• 7:49
  that is giving these predictive markets a much maybe a much better accuracy level on
• 7:57
  how these things play out. So this could be very interesting, especially in
• 8:01
  the coming elections as we start to see a lot of these races finalized.
• 8:03
  It'll be interesting to see if this actually performs better than the polls. Of
• 8:09
  course, I think anything well, I think that's the beauty of polymarket,
• 8:13
  right It's a sentiment gager to be able to tell if people think you're full
• 8:16
  of shit or not yes, and if they don't believe you. So that
• 8:20
  may be a way for people to start honing their message a little better.
• 8:24
  I like it. I like it well. I think it's going to be
• 8:26
  in the news a lot more other things that are in the news right now.
• 8:30
  Ton Blockchain is now releasing a new Layer two based on Polygon's tech,
• 8:33
  you know, which could be more good news for Polygon. I guess with
• 8:39
  getting all this other news within it. You know, the team behind open
• 8:43
  Network, which we know Pobulgart, they're tapping into Telegram a little bit with
• 8:46
  their Layer two. Polygon technology team made the announcement at the ECC conference in
• 8:52
  Brussels, so all of that was happening over at ECC. We'll get in
• 8:56
  some other details on that. What do you make of ton? Is this
• 8:58
  a token? And you've been watching much? You and I've talked about this
• 9:01
  one before. Yeah, I'm a really big fan of the Open Network.
• 9:05
  I think it's a really cool project, and obviously having Telegram, you know,
• 9:11
  right there is just immediate onboarding of so many users. But I saw
• 9:16
  some conflicting report right before we started that apparently ton is not officially involved in
• 9:22
  this, So I don't know what to think of it now. Yeah,
• 9:26
  well, you know, you know, the thing about this is and this
• 9:31
  came from coin desk. I think the question here as some of the This
• 9:35
  is another problem I see with a lot of times with some of the projects
• 9:39
  is that even though you may get validation, it's kind of like what happened
• 9:43
  with Helium or no Hadera. It was what happened with hedera. They had
• 9:48
  the big announcement on black Rock. It was kind of a connection, but
• 9:50
  it wasn't what it was originally announced. That wasn't by announced by them,
• 9:56
  but it moved the target quickly. I think the you know, Hadera had
• 10:00
  gone up almost thirty five or forty percent within a you know, eighteen to
• 10:03
  twenty four hour period, so it is one of those things that you have
• 10:05
  to kind of keep an eye on. So we're going to watch this one.
• 10:07
  However, if this is happening, if we get movement of ton,
• 10:11
  Ton has already I think been in a good position overall, just in terms
• 10:16
  of adoption also people getting into it. This could be another one to watch
• 10:22
  other things that you know, Vitallic has been kind of hinting at for a
• 10:26
  while. I want to get your opinion on this, Jackie, is we
• 10:30
  need much more open source in the auto industry. So he's talking about a
• 10:33
  failed EV company that has went out of business, you know, and it's
• 10:39
  you know, for any of those users or owners, they're kind of just
• 10:41
  left out in the cold. What are you what are your thoughts about this?
• 10:45
  Maybe trying to get the auto industry to go, especially for their software
• 10:50
  to go more open source. So I actually know someone who bought a Fisker
• 10:54
  and then all of this started to go down and they had to get rid
• 10:58
  of the car very quickly. So this this does bring up I think a
• 11:03
  huge point, right It's like there should be the standard based software which just
• 11:07
  allows the car to be driven period, and that's a safety issue, right,
• 11:13
  and then all the little bells and whistles of your heated seats and your
• 11:16
  air conditioner and everything else. I do think that that should be open source,
• 11:20
  right, You should be able to adjust that if you are so inclined
• 11:24
  to get into it. I think it's a little crazy that it's walled off.
• 11:30
  Yeah, well, I think this goes also back to the point that
• 11:33
  I don't know if Vitallic is doing this on purpose or if it's just the
• 11:37
  topics in which he's discussing often, which are you know, decentralized social media,
• 11:43
  targeted elon. Now you've got electric cars, target payment systems, targeted
• 11:48
  x on, things like that. So I keep seeing a little bit more
• 11:50
  of a pile on moving in that for sure. So I don't know.
• 11:56
  We're going to see how it goes. But ethereum right now. We did
• 11:58
  a video yesterday. I didn't get a lot of views, but it was
• 12:01
  Solana versus Tesla. If you were investing one or any of those, you
• 12:07
  know what route would give you the most returned potentially, even though Tesla had
• 12:11
  a big, you know, a big second quarter, so it wasn't it
• 12:16
  wasn't a bad thing. Right now, we've got the ECC event happening.
• 12:20
  Have you been catching any of this? No. I have a coworker that's
• 12:24
  there, but I have been having to do the other work, so I'm
• 12:28
  I'm not able to cover that. Well. One of the things that came
• 12:33
  out at ECC is, uh this idea and this is kind of a funny
• 12:39
  headline, but kind of a Salona buy now, pay never. Listen to
• 12:41
  this clip. I want to get your opinion. We are all familiar with
• 12:46
  buy now, pay later, right Klarna affirm in crypto you could potentially do
• 12:50
  something which is called buy now, pay never. And the way that would
• 12:54
  work is, if you're going to pay for coffee that costs you five bucks,
• 12:58
  instead of paying right, you would put your fifty dollars, five hundred
• 13:03
  dollars, five thousand, do you pick the amount, put it into lundborrow.
• 13:05
  The interest from that would pay off the principle of your coffee over time,
• 13:11
  and depending on how much you put in the rates and how long you
• 13:13
  would end up paying maybe five dollars and ten cents over time five dollars and
• 13:16
  fifty cents. So this would be a retail example of something that you could
• 13:20
  actually architect today by now pay never, So this is the you know,
• 13:26
  the buy now, pay later model. The only difference is is the fact
• 13:31
  that you're earning and you're kind of paying it out of that. I mean
• 13:33
  you are paying even though, because those are dividends which are taxable. So
• 13:37
  I mean technically that's kind of a bit of a statement there. I think
• 13:41
  I get it, I understand it. It's kind of cool to make it
• 13:45
  work. You think this is a big deal for anything in blockchain to use
• 13:50
  this kind of methodology. I mean, I think you just brought up the
• 13:58
  first point, which is that the tag x man is guaranteed to come for
• 14:01
  whatever this is. So I don't know if it's worth getting excited about before
• 14:05
  anybody has that conversation. Yeah, well, if you're making dividends, then
• 14:09
  those are taxable, so even if you're using the dividends to pay I don't
• 14:13
  think that that would reduce the tax on it. That's a new you know
• 14:16
  one thing for sure that is happening. And this happens a lot when I
• 14:20
  talk to my CPA friends, because I asked them a lot of questions all
• 14:24
  the time, and they said, I've never seen they've never seen anything like
• 14:28
  blockchain before that is constantly testing the boundaries of tax code. I mean,
• 14:33
  it's just like that's a question we've never asked or answered before, and it's
• 14:39
  amazing to me because it just constantly continues to press, which makes me think
• 14:43
  that litigation or regulation, i should say, is never going to be up
• 14:48
  to speed ever, you know, with the speed in which we're advancing.
• 14:52
  I want to get into some more clips here because there's some other tokens that
• 14:54
  came out of the ECC event that I think are willing and good to con
• 15:00
  that are One, of course, is chain link. We've talked about it
• 15:01
  before. It's one of my favorites. I like it. I continued to
• 15:05
  dollar cost average into chain link all the time, but they went a little
• 15:11
  bit further into this of really what some of the big benefits are really around
• 15:16
  how chain links dominance could play apart. Take a look at this clip.
• 15:20
  So here's a good example in production today as of last week. For Delay
• 15:24
  International is putting nav data on chain for a tokenized fund, and in order
• 15:30
  to make that tokenized fund works work, it needs nav data net asset value
• 15:33
  data, without which the fund can really operate properly. You need this information
• 15:37
  in order for people to be able to redeem, buy in, and interact
• 15:41
  with the fund. This is another example of an ETF that is using our
• 15:45
  proof of reserves to prove the amount of assets in the ETF. This is
• 15:48
  a Bitcoin ETF created by Kathy Woods Arc Fund together with twenty one shares.
• 15:54
  This is also live on production today. These are not theories, These are
• 15:58
  not whiteboard exercise, These are not proof of concept presentations. These are production,
• 16:03
  live systems. Can you imagine the number of ETFs? The number of
• 16:10
  I mean that was Fidelity right there signal that acquisition. We showcase that a
• 16:15
  couple of weeks ago. I think on one of the videos to explain you
• 16:18
  know the power of chain link and what this means really to the financial markets.
• 16:21
  This could be pretty huge. How big of a holding are you going
• 16:25
  to put in a chain link? Now? You know, I really like
• 16:30
  it. I yeah, I actually don't know how much I have. I
• 16:33
  don't have a sizable amount anything that I would, you know, constantly want
• 16:38
  to check the price over. But I do know a lot of people that
• 16:41
  do and really started calling for it, you know, even before this year
• 16:47
  got started. So I see this really making a strong case for itself.
• 16:52
  It's just kind of a dominant player in this space. I've got another clip
• 16:55
  for you. This is a hot trend that we think is about to take
• 16:57
  off, and it's green bean coins and it's an interesting thing. Let me
• 17:04
  play this clip for you and then we can talk about it. Let's take
• 17:07
  a look. So that's green token marketcap compared to stable coins, mian coins,
• 17:12
  ai tokens. As you can see, we have our priorities strait as
• 17:15
  a society. So why hasn't green crypto exploded? Green crypto consists of place
• 17:22
  based assets. Place based assets have scaling issues compared to virtual assets. Now
• 17:26
  it's a prototype time. I'm going to show you where we're at now.
• 17:32
  So when you arrive on the lending page, directly you see this big location
• 17:37
  based interface, which is really the center of the application is the globe.
• 17:41
  You can see you have one hundred and forty six asset listed. Those are
• 17:45
  all the green assets. Then you have pertinent filters here, you have a
• 17:48
  biocar, you have nativity, which is how unchained the asset actually is.
• 17:55
  We believe it's important to precise that so that it incentifies the asset producer is
• 18:00
  to bring the the green assets more on chain. We believe that green assets
• 18:03
  can only live on chain, otherwise they are complete scams. Let's click on
• 18:07
  more her more Her is a green token super cool project we developed during the
• 18:15
  base Akaton that is basically a green mime coin creator, but instead of just
• 18:22
  being a regular mime coin, each time you transact it, for each transaction,
• 18:26
  it retires some of the first other assets. So each time you make
• 18:29
  a transaction with the mime coin, you offset some carbon and the flow you
• 18:34
  can then decide you want to buy some of them. More heard uniswap all
• 18:41
  right? Swap you confirm submitted there, okay, so you can kind of
• 18:48
  see something is happening here. The way this essentially works is someone creates a
• 18:52
  green token. The big problem in most cases is where the sec comes in
• 18:57
  and looks at it, maybe as a security. If the creator of the
• 19:02
  green token is now then pointing it back to a true especially if it's on
• 19:06
  chain and it's a whether it's a carbon credit element or there's something with it,
• 19:11
  you know, like what they're talking about, any kind of efforts on
• 19:14
  solar power, grid, water, I mean, you get into those kind
• 19:17
  of things. This could be another big movement in terms of green token starting
• 19:22
  to pop on. What do you what do you make of this? You're
• 19:25
  you are a big meme token fan. Do you think this might take off?
• 19:30
  That looked very complicated for the people who just like dog coins and phantom
• 19:36
  wallet. But as far as this being a sector that everybody is like,
• 19:40
  oh, let's do good for the planet and trade meme coins, people just
• 19:44
  want a profit at the end of the day. Okay, So people,
• 19:48
  all right, okay, well I like that. See, I like your
• 19:49
  candor there is that we are definitely more profit hungry than saving the planet or
• 19:56
  any other you know, effort out there. So yeah, I'm tired of
• 20:00
  being lectured about plastic straws when other people take a private jet to go get
• 20:04
  a croissant for the weekend, Like, I love it. You know.
• 20:08
  Well, that's the key, yeah, is you've got to have enough interest
• 20:11
  from the community itself to kind of see that growth. Hey, listen,
• 20:15
  Jackie, We're going to continue to watch what's happening with Ethereum, we'll do
• 20:18
  some breakdowns for you guys coming up in one of the shows with some more
• 20:22
  of our charts, which, by the way, we've got the new MSI
• 20:26
  two point zero, so we'll showcase that for you guys more and more.
• 20:30
  But Jackie, thanks so much for coming in today. We appreciate it.
• 20:33
  Thanks, see you guys next week, all right. See all right,
• 20:37
  So you guys, if you're not in the Diamond Circle, make sure and
• 20:38
  get in right now. It's another great place to get additional content and it's
• 20:41
  our private community. All of that has been done internally now, so we've
• 20:47
  moved away from our group on Slack for our Mastermind members. That is now
• 20:51
  over on PBN, So all of that happens within our community. A lot
• 20:56
  more content going into that, more courses, more or activity on trades,
• 21:00
  things like that. If you're interested, make sure and use the Diamond Circle
• 21:04
  link down below. And of course if you're not following me on X do
• 21:07
  that. It's just Appaul Barron. We'll catch you next time right here on Techpath