robmcnealy

Jon Stokes – ThePrepared.com Transcript

Jon Stokes - ThePrepared.com

Note: This transcript was automatically generated by artificial intelligence (AI) and therefore typos may be present.

Rob McNealy
Hey, today I am talking to john Stokes. He is someone I met in person down at SHOT show. But we’ve been talking to each other for a while on social media. He is the originally one of the co founders of ARS Technica. He’s a former Wired editor, and programmer author. And now he is currently the deputy editor of the prepared calm. So john, welcome to the show. How are you?

Jon Stokes – ThePrepared.com
Good, good. Thanks for having me on.

Rob McNealy
Well, I appreciate you taking the time. I think it’s very prescient, what’s going on today in the news around the world with this Corona virus stuff. But before we got to jump into that, give us a little bit of background and about what you’re working on right now and how you got there working with ThePrepared.com.

Jon Stokes – ThePrepared.com
So I was had taken a bit of time off, and I, I was kind of figuring out what I was going to do next. ended up starting to work on a prepping book because I had gotten into this through writing for the firearm blog and all outdoor I started for a second media. And so I had had a lot of exposure to the prepping scene I was a bit of a prepper myself. I was sort of moderately serious like not super serious, but we covered a lot of the prepping stuff on all outdoor and so I kind of got plugged into it and I learned a lot we had the founder of the survive survival sports, com Kevin felts work work for us on there, and so just a lot of that scene. So I liked it, and I was thinking, What am I gonna do next, and I was kind of done with the programming thing for a while I had, like a couple of years where I wanted to do like a CTO track kind of deal and like get into tech and get out of media. I didn’t like online media. So I started working on this prepping book and I was going to a website and I thought you know, something like the wire cutter, but for preppers because nobody had done this and this was a kick that I had been on for like four years, I want to do it like a wire cutter for preppers. And then I came across the prepared and it had been in existence for close, it was coming up on the one year anniversary when I found the site. And I was like, Man, this is this is like what I want to do next, I already have like a bunch of content written and this is something that I’m really interested in. I’m going to hit up the founder and see if I can invest. So, so I hit up the founder, I found them on Facebook and ping them. Sky john Ramy, who had previously been an ad tech and was a Silicon Valley prepper guy and so we started chatting and he’s like, I’m thinking of raising around this is bootstrapped and so so I was like, Look, man, you know, let’s let’s work together instead of me doing my own thing. Why don’t we? Why don’t we kind of like get together and join forces and so We did and I ended up participating around and coming on as the deputy editor. And I’ve been working on the site since and I think we closed around in January of 2019. And I believe I came on full time and like november of 2018. So it’s been a little over a year that I’ve been that I’ve been doing this full time.

Rob McNealy
So how’s it growing?

Jon Stokes – ThePrepared.com
Well, the answer prior to January of this year would have been modestly but but robustly the answer as I’ll you know, January was insane bananas. And then as of today in the past, like 48 hours, we just had to upgrade the server package like massively because we, you know, blown you know, we blown past like, like pretty much everything that we would have expected to do and unlike, you know, a probably the next two years. So, so there’s a lot of traffic right now there’s a lot of interest in what we’re doing. We just our timing was very good. Speaking of good timing, the blog was not a big part of the site. It was more evergreen content guides, deep detailed reviews, stuff that people would find via Google. And in December, we had done it we had tried to kind of boot up the blog a little bit in fits and starts. And then we built this big kit builder tool that will it’s kind of like lighter pack is actually modeled a lot after lighter pack, but it’s for preppers. And it’s to put together bug out bags and other kinds of kits and keeps track of weight and price. And so I did the API for that. So I did the back end. Um, it’s basically like sort of an SBA embedded in WordPress. And then I did the API for the app. And so I kind of I kind of focused on that let the blog languish and so I got back into the blog. In December and really started hustling the blog into December and then shop show was going to be like the big okay we’re seriously doing the blog thing now. And shacho courses also is the end of January is when this coronavirus stuff exploded. So I was actually going back from SHOT Show and I saw a really good friend of mine, Arielle and for your on Facebook, he was on my old RS writers, and he had been posted about the virus and was like, I’m gonna start taking a real look at this now. And so I thought, Okay, well I’ve already posted about this on Facebook I’m about to write about for the prepared. And so and I had really, I mean, we had kept in touch on Facebook, but I hadn’t followed his career since it’s ours because he when he started writing for me at ours, he was an undergrad at University of Chicago. commodify is principal data scientist at GlaxoSmithKline and has a PhD in bioinformatics and develops drugs for a living so he’s like, you know, like dead center of kind of who will want to track this. And so he started writing about, about a forest and like that work that he I was like super key super critical so I don’t know how to mute this anyway so so that the work that he did was was really critical and and it’s been taken off since then it’s been going completely nuts you know it’s the blog is basically just offering a virus all the time now I’m going to go back into doing some gear doing some other knockaround virus stuff because we are spinning up other people that can help with the load it’s basically just been me and some stuff from our butt but but that’s kind of the the story of the blog and the coronavirus coverage recently.

Rob McNealy
Well, you know, we you know, I’ve talked you know, at length about you know, prepping and things like that and I’ve been in prepper kind of minded person for a long time. You know, I’m not like oh, I discovering prepping like in the last week like everybody else’s right now on Twitter. Then, you know, we organize that conference every year called off chain, which is a mash up of crypto and preparedness and things like that. So I actually am not freaking out because I feel pretty comfortable with where I am with our preps and things like that because, you know, we we just like to have an extra amount of insurance at all times because you never know when there’s going to be a natural disaster or something like that. But it’s interesting right now with the way Corona is, is that previously or prior to this, you know, white collar people and people that prep usually kept it quiet. Because they didn’t want to be seen as like this like Kook or tin foil hat guy or this redneck kind of guy. And it’s interesting, like literally, like in the last month, I’m starting to see like, oh, everyday people that are like, Oh, yeah, of course prepping is what everybody should be doing. And I’m like, dude, where were you guys like five years ago. It’s like, you know, it seems like everybody’s like now really Realizing that you know, being prepared for things is actually kind of a thing you should be doing. So, and you guys kind of come at it, I think from a little more of the prepping side of it, at least with what I’ve seen on your website, is that you guys are a little more intellectual about it. And not just that kind of that weird stereotype or critique that people have about, you know, preppers in general. I mean, are you deliberately coming at it from a different perspective? Do you think?

Jon Stokes – ThePrepared.com
Yeah, we, we really didn’t want to do anything that looked like a traditional forever website. And in fact, my personal goal, and I think I think john, the founder shares this goal is that it’d be great if at some point in the future, the word prepping wasn’t even on the website. This should just be like a normal part of adulting. It should be a thing people do. It shouldn’t be like a niche activity or a subculture. People shouldn’t have to learn a new lingo. It’s there. You know. There’s not um there was a car enthusiast scene, you know, back in the day muscle cars and stuff now just, you know, there’s still a car scene but like people just own cars, you have a car, you know, I mean, I could think of half a dozen analogies, but this shouldn’t be a niche activity that has its own lingo and subculture you know, people are into it in secret or in public or whatever. It’s just part of what you do. It’s like buying home insurance or buying there’s a fire insurance community there’s no home insurance community there’s no you know, anything like that it’s just something you do. So that’s that’s very much where we come where we come out of bro.

Rob McNealy
Well, I see that every year during like hurricane season where all of a sudden they show the you know, the the typical grocery store shelves are completely empty, and I’m thinking if you live on the coast in Florida, this should never be happening.

Jon Stokes – ThePrepared.com
I grew up in Louisiana and on the Louisiana Gulf Coast. I know what it’s like to put your stuff in the car and sit for hours in a hurricane evacuation line have evacuated a couple times. My family evacuated for returned after Katrina. I worked in the Katrina shelters in Lake Charles, Louisiana where I’m from. So yeah, Hurricane perhaps tracking hurricanes during hurricane season, having having fuel having stuff on hand to be ready to bug out. This was just what you did when you lived there. It was there was no subculture there wasn’t like a term for it. We didn’t call it anything. You just were ready for a hurricane.

Rob McNealy
So coronavirus, there’s been a lot of media attention given to this and it’s interesting how, at least on social media, it’s somehow becoming a partisan political issue which to me is absurd. But yet I you’re seeing out there where some people are saying the the coronavirus is overhyped. Some people are saying is under hyped Where is your take? Or what’s your take on it? Where are you coming from on the corona? Is this something that Americans should be worried about now?

Jon Stokes – ThePrepared.com
Yeah, you know, I think whether it’s overhyped or under hype depends on your filter bubble. I mean, really, it’s just this is a moment that has highlighted for me the degree to which we all kind of live in different information silos, dependent on where you get your news, who you follow, what kind of voices you listen to, you’re going to have a different headspace about this. And, and this information, you know, the silos, they’re not they’re not disjointed, they leak into each other. So, you know, I have a, I have a very carefully curated list that I have for this. Some people discover it and so you can subscribe to it on my Twitter feed. I follow people you know, I’m constantly adding deleting people and there has been a political aspect to it since the beginning. You know, frankly, there are some people and infectious disease, morality, virology epidemiology who have been more or less alarmed. There have been some people that have come from a certain political slant that you can tell from their bios that are constantly telling everybody to calm down and not panic and this is no big deal and they’ve set themselves over against the alarmist people. You know, that that’s how it is. People have different opinions on things, especially about the future. So So I’ve watched this evolve, I’ve watched virology and infectious disease Twitter and epidemiology, Twitter evolve, and kind of converge on on a more heightened state of concern heightened state of alarm. I’ve watched my media feed I have a lot of I have a media network from you know, 20 something years and online media. Watch the film take up this topic and begin talking about it and worried about it. I’m starting as of the last 24 hours to see this really spread in a big way in my normie feed on Facebook used to I would post something from the prepared I’d get like three likes you know now the the kind of stereotypical, you know, suburban moms and dads and just normal people are are picking up our posts and our Rulon coronavirus page and our sharing is blown up just in the past 48 hours so so there has been a lot of different depending on what subset you are going to where you listen who you listen to your political affiliation and yeah there there is I’m aware that rush limbaugh is telling people that this is some kind of democrat plot the tank the election, tank the markets and you know, something like this. I know that that’s going on. I’m not engaging with it, publicly, like on Twitter and stuff because you know, a nobody got time for that. Like I’m we’re here trying to get people ready. And I don’t care what kind of politics you have. If you’re if you’re super Trumpy if you’re, you know, Bernie Sanders stand Elizabeth Warren, I just don’t care. I want you to be ready. You know, I want you to have the right information and I want you have your head in the right place about this. As far as being concerned about it. I am. I’m really concerned. I mean, I think that i think that’s cool closures in this country and in a lot of areas are kind of I really think that’s a lot. I think it’s gonna happen. As far as a, you know, voluntary shelter in place for a lot of people is going to happen, it’s already happened and there are already people that I’m in touch with that are bugging out, leaving the city, you know, going out to the country if they’ve got like a relative something like this that’s already quietly happening, just the way that the Costco runs have been kind of quietly happening this week. So So more than that, going to pick up more that’s going to happen. How far this is going to go, very difficult for me to say, I try not to you can always you can always, very plausibly model a worst case scenario, you just can and I am a guy that has followed every crisis in the last, you know, two years like in a detailed way. So when we were nose to nose with North Korea and the summer of 2017. I was like I had an appetite, Twitter feed, national security Twitter feed, I followed a super closely and you how close we came or ran stuff from last summer. I followed that really closely. I was on you know, pins and needles with it. Like every one of these different crises that we’ve had recently. I’ve been right in there. I followed the experts, and I know how bad it can look and I knew how it can dissipate. I’ve seen it all happen you know you never press the red button because something always happens but I also was an investor during 2008 and I followed 2008 closely and unfolding there so I’ve seen like a real legit crisis happen and what I’ve learned is you can’t predict the future there are some drugs we’re about to have a blog post on this now the blog is backup I have a post and the camera I’ve got edit there are some drugs like an anti malarial drug and some other drugs that are very very promising at at a rest in the disease that goes with this so so we I’m not we’re not gonna have a vaccine anytime soon. year would be an absolute minimum. But we may find other therapies that work so summer could still I don’t I don’t put a lot of faith in the idea that one weather is going to knock this out. But it could it could be could tamp it down some combination of summer weather and a malarial drug which is already made it scale could be ramped up and could help and could forestalls little worst case scenario. So there’s a range of possibilities. But I think minimum minimum baseline is going to be, you’re going to be at home for a week or two, your kids are going to be at home for a while. You may have to remote work, stuff like that. I think that that stuff is very, very, very likely.

Rob McNealy
So it’s interesting. So my perspective on things like this is I monitor and I’m open minded, and I’m a skeptical at the same time. And so I have a I’m very curious, and I don’t tend to overreact. Some may know that my wife is actually a medical doctor who actually works as a government contractor to the federal government. And so and I’m a former EMT, and so I do view things through the eyes of, you know, a person who’s worked as a first responder for a long time and on this issue, and I tried to be very rational and in you know, controlled about how I view it. Mike, I think the big unknowns that I think a lot of people that I’m seeing around the coronavirus is the fact that one of many of us don’t trust China. And I think the big unknown is what’s Bs, what’s real and what’s happening in China, because you see all these random, you know, clips then you don’t know the context of the clip. You don’t know where it came from things of that nature. But that’s what has a lot of ups like me concerned is I don’t know, I don’t know what’s real are the numbers on that little tracker app that’s out there. Are those real? Are those are being underreported? Are they being over reported? The one thing that least between conversation with my wife and I about this is that at least in my lifetime, I can’t remember where large population centers in China have been completely locked down. In this quarantine. I don’t recall that’s ever happened. Before So, in my mind, this isn’t just SARS, this isn’t the flu, this is something different. It definitely has some government officials over there concerned because they’re taking much more extreme action than I’ve ever seen. So the question is that I would have for you, do you believe that the numbers and reporting about this in China are accurate being underreported over reported or accurate or you know, are normal.

Jon Stokes – ThePrepared.com
So we have a reporter in Beijing. That is that is done some work on this for us, and this is the source. And she’s, she writes for a mainstream outlet is fluent in English in Chinese is native Chinese. And we’ve talked to her about this, I followed this, and my take home on that is that, of course the the the absolute number is going to China in terms of the magnitude or garbage They’re not real, but directionally in terms of when things are swelling and when they’re dropping, that seems to be broadly like probably right. I think that it seems likely that the extreme lockdown measures that the Chinese have done, have arrested the spread and stop the growth and use cases outside of Dubai. I think that’s probably likely i think it’s it’s likely that things may be getting better and move on right now. Again, now, these are people that have been locked down for weeks, they have been under very like welded doors welded shut it not able to go out for groceries, extreme quarantine measures, that’s going to have an impact. Social distancing is apart from hand hygiene. Social distancing is the number one thing that you’re going to do to turn the arrow around in the absence of a vaccine to turn the, you know, the arrow is the, the viral coefficient, which says how far it spreads. And so you want to get that below one. And so to get it below one, if you don’t have a vaccine, you’re gonna have to keep people from spreading it to each other, like physical separation. The Chinese have done an insane amount of that. And it’s probably worked outside of just so so. So my point there is that like directionally when you look at the China, of course, there’s, there’s far more cases far more death than they reported. But I think it is very likely that that things are getting better and some of the cities because of the extremists of the measures, big questions are Can we do that here in the West? Can you do that? Can you lock down a Chicago when people have got guns and you know, stuff like this? open question. To me, I think, if people are scared enough, you know, maybe But I really don’t know. Other questions are about the Chinese health system now in the world, the world, the who is ranking of health systems, they’re pretty far down there, you know, below us. But then but then, you know, these Asian countries have been fighting, have been prepping for SARS mer stuff like this for a while and they’ve got ventilators they can China can ramp up hospital production stuff like this. So there are a lot of unknowns there. I think it’s more instructive for me to look at what’s happening now and what’s unfolding in South Korea, what’s unfolding in Japan? Iran less so but still, that stuff is going to tell the tale because yeah, you’re right. China is largely a black box, a lot of noise. Very difficult to get signal. But But now things of things are in a different a different realm. Italy. Keep an eye on Italy, you know.

Rob McNealy
Yeah. One of the things that my wife and I have kind of looked at is, the United States is very different than Asia and Europe, you know, if those different, you know, those countries decide that you’re going to stay put, they will enforce that. Whereas Americans are a little more persnickety about constitutional rights and things like that. And I keep thinking, you know, I’ve seen people where they have tuberculosis or something, they shouldn’t be going around in public because they’re supposed to be under self quarantine. And they’re like, well, I ran out of smoke. So I had to go to the store, right. And in between our, you know, our homeless populations and Americans just happened to travel a lot more than I think a lot of a lot of places around the world like China, people don’t move around quite as much as we do. And I think, you know, I think Americans are going to be less likely to do self quarantine for me and I was talking to some people in a group that I’m in I’m in a group right now that is talking about prepping for this and look at it like this. Americans send their kids to school. when they’re sick, and they go to work now sick because they think nothing of possibly infecting their friends or coworkers, because it might be inconvenient for them to stay home or have their kids stay home. And I’m not sure that’s going to change just because of this. And it goes back to, you know, people are, you know, you know, going down, you know, partisan lines and saying some people like, Oh, it’s no big deal and all this other stuff. And I’m like, there’s there’s two factors that have been most concerned, you know, because we don’t you’re right. We don’t know yet. how bad it is, because until it starts getting into other countries, and where we have probably better information and communication coming out. It’s hard to evaluate, you know, what this really looks like. And I agree with you, I think the extreme powers that the Chinese government haven’t or you know, the the quarantines and the extreme measures they’ve taken probably are effective. I don’t think the American government can do the same thing and I don’t think Americans will put up with it. And that’s what has me concerned about here. That is actually might get more if it is as bad as we think it is, it might get more out of hand here than it would say it in China. The other the other thing that I’m sorry, good. Oh, the other thing has me concerned is is the economic impacts of this. I’ve been trying to do some research about how much of our supply chain, it comes from China. And the numbers range from anywhere from 20 to 50%. Of all the stuff we get is manufactured in China right now. And my concern is, is that depending on which store you’re talking about, we only have between 30 and 90 days of inventory isn’t like their buffer, right. That’s about what the American supply chain holds currently. The question is, how long is China going to be shut down from their production levels? And how is that going to impact the United States? And so, to me, even if, say, we don’t have a viral outbreak that gets out of hand here. How does the economic impact of the Chinese government and their political production. How does that trade impact? You know, our economy, for instance, a big chunk of our building materials are supplied from China right now. And right now a lot of our economy is being driven by the the current housing bubble that we’re in. Well, even if, you know the price of materials goes up 20% or 30%, that could do a lot to put the brakes on the housing market, which could really hurt the economy. Have you been looking at any of the economic potential economic impacts of coronavirus outside just the normal viral part of it?

Jon Stokes – ThePrepared.com
Yeah, I mean, I’m an investor. I pay close attention to this. I’m very concerned about it. I’ve been talking to other finance people investor types. They were largely not concerned before Sunday night, Sunday night there was some kind of shift in as aight guys, I think well, I’ll be One of the things was that the stock market futures just started to get really ugly. And it was clear on Sunday night that it was going to bloodbath on Monday. There was a big shift in the Zeitgeist on Sunday. I woke up Sunday morning, I had conversations with with market types. And they were like, yeah, I’m a little worried about this, but but we’re gonna handle it. And then Sunday night, you know, it turns into Well, you know, there’s a lot of deer in my neighborhood that I could do. So it’s like, seriously things things change fast for a lot of people. And, and, and so I bill I’m worried about this. I it’s hard for me to model a lot of a lot of what I think is that this is a we’re not destroying a lot of productive capacity. This is not like a war where factories getting bombed or something like this. It’s it’s one of these things where they’re there may be some kind of V shaped recovery. Once people go back to work, factories reopen, that kind of thing. And I think the system will knit will knit itself back together more rapidly than people think. That said, everybody with a brain is now looking at their dependence on on single sources in China and Asia. And thinking, Okay, well, clearly, I’ve got geographic risk. I knew that I had geographic risk, but I didn’t care. But now I care. This isn’t going to happen again. And we’re going to diversify. And so that’s going to have all kinds of impacts on the cost of goods and employment, the US and stuff that’s really hard to think through. But my top line is that is that at some point, depending on how bad this gets, I mean, there are scenarios where you’ve got medical bankruptcies that, you know, frees up the credit system and vaporize a big chunk of the economy. You know, you’ve got people you got a scenario where a lot of people are staying home. looking after their school’s out, like, let’s say that we did what just happened in Japan today, where they announced that all the schools are closed, somebody’s gonna look after those kids. So that’s a lot of people stay at home and a lot of people missing paychecks, a lot of people aren’t financially prepared. There could be a really large impact. But I mean, I think the government’s going to need a government up to and including negative rates and helicopter money, they’re going to do what they can do to get people spend and again, so we have we have maybe some tools there. I don’t know. I tried to maintain some optimism as an investor that that we can snap back pretty quickly. And I also part of this is my experience with 2008. You know, I was bearish for too long. I was bearish into 2010 so I missed a big a big turn up on the market. And you know, I finally got religion near the end of 2010. I was like, Okay, well, this you know, this is real. There’s a real recovery here. This is happening and And I got back in. Um, so I’ve seen how fast things can turn around how suddenly they can turn around. And the big thing to remember too, and this is what people miss, I think with a lot of the doomsday scenarios and the doomsday prepping is when you bet against against the market and you bet against civilization and economy, you’re betting against the combined efforts, the best efforts and billions of people to make this thing go. Humans collectively are trying to make it work. We’re all trying to make it work, whatever for some definition of making it work. And I don’t want to bet against that. I don’t want to gamble that that all those billions of individual efforts at trying to trying to make something productive trying to make money trying to hustle trying to feed themselves are going to go to pot You know, they’re going to amount to nothing so so I like I said I maintain some some optimism but but there are scenarios. I think you’re right Our hospital system is very under resourced. We have a lot of problems, like I said, with people missing work, medical bills, all this kind of stuff is bad already. And this virus is going to whack it hard. And we’re going to see how that shakes out. And it could get really ugly. We don’t have a lot of capable centralized response and not a lot of capability to respond to this. Then there’s the election. You know, I wrote the big, big wired up as a big in terms of length, it was very long. I think it also did pretty well in terms of traffic, but it was it was a it was immediate, immediate editorial about the possible impact on the election and how, you know, do we really want to send people to polling places to stand in line and breathe on each other and touch the same touch screens in November if we’ve got a viral epidemic raging over here and fill out hospitals, I don’t think we do. So there’s that aspect. I said we should move immediately to vote. By Mail, I do not hold out a lot of hope of anything like that happening. I think what is probably realistically going to happen is we’re going to have a big fight over if if there is a big if if the summer doesn’t stop it, and if we’re not able to tamp it down and if we’re still like very substantially fighting this in November. I think that we’re going to have a big argument over whether or not to postpone the election, because there will be a lot of urban dense urban areas where people are not going to want to turn out for this and we will probably not postpone the election. I just I think the the baseline scenario is escalating, nothing gets done, there is no vote by mail. There is a fight over putting it off, but nothing enough is put off and then we just have a situation where rural turnout is is a lot better than urban turnout. And you know, who knows which way things swing if the Rules types are still are still looking for for another Trump term or if they’re sour on them because of the coronavirus response. I don’t have a crystal ball. But but either way you slice it, it’s going to 2020 is going to be even more contentious than we all kind of thought it was. And I know a lot of people, myself included, were looking for trouble around the election in 2020 thinking, well, things are going to get are going to get spicy, and we’re going to be at each other’s throats. And we may see some instances of domestic you know, crazy breakout here. And and I think we were already worried about that I was already worried about it. Now even more worried about it.

Rob McNealy
So before we wrap up here, what would be the things that you say now? What advice would you give to someone who is not already prepared? What would you be? What would be the things that you think people should stock up on right now while there’s still things on the shelves?

Jon Stokes – ThePrepared.com
Obviously, the big one is prescription meds if you’re on something, try to get a stockpile of that by hook or by crook. What are you going to do? You know, I’m not not that I’m telling people to go on the dark web and you know, order drugs. But like, seriously, I wouldn’t even know how to find the dark web personally. I mean, you might get some garbage. That’s like fake fentanyl. I’ll send you a URL to really, really yeah, don’t do that. I know nothing about the dark. I know nothing. But uh, but yeah, however, you got to do it. If you got if you’re on if you’re on something, if you’re on heart meds, whatever it is you’re on, and a sudden stoppage of it is gonna is going to wreck your business. Figure out how to get some more. Um, that that’s, that’s the number one thing. The number two thing is you need to eat hygiene. You need hygiene products, especially for a pandemic. So they talk About I think it’s the three is or the three ages of survival or four there’s there’s hygiene and heat and hydration, you know, and that’s actually not the right order. I think it’s like heat hydrate hydration Anyway, there’s some orange thread. hygiene is one of the big ones that kills a lot of people in any kind of survival or disaster situation. hygiene is huge. So you want to get toilet paper, which was being used as currency in Hong Kong and Hong Kong, walk down joining get toilet paper, feminine hygiene products, bleach, alcohol, things to clean your body things to clean your space that you’re in. If you’re in a confined space with a lot of humans for three weeks, it’s going to get nasty and you want to keep it clean. Um, personal protective gear. If you don’t already have a mask, you’re not going to get one. Those are out nitrile gloves are still in stock, pick those up. They’re probably more important, more important than the mask anyway. So that kind of stuff. So, hygiene stuff prescription meds, plenty of water potable water, I do not think the grocery stores were going to be in a situation where there’s no groceries. At least after some initial panic surge there may be like a spell where everybody runs out on possibly this weekend, everybody runs out and just cleans out the grocery store. The trucks are going to keep running there will probably still be groceries. So so that’s why I put food you know less underneath water you know, PPP stuff like that. still get food, start with two weeks but but get a month you know, get three months if you can, however much you I’m telling people that shoot for 90 days, the very people are going to get there but you know, try to shoot for 90 days but do what you can and and just think about the fact that you’re going to be eaten for a month, two months, three months regardless. Try to get it all at once and then eat your way through it as opposed to just go into the store wants A week or you know, every couple days you want food, you know you want entertainment things that distract yourself. Boredom is has been a big problem in the Chinese lockdown and and the other thing that’s happening per source in China is that people just go on social media, and they drive each other crazy. They share rumors and conspiracies and weird stuff and their mental state deteriorates. And they just thought it’s a bad scene. It’s a bad scene if you’ve got a couple of hundred million people in lockdown, which is what happened in China, and they’re all on social media driving each other nuts. You want to have something else to do besides Facebook, besides Twitter, besides whatever you’re into, to be able to unplug from the news and get off that stuff. And, and, you know, spend time with with with whoever you’re locked down with and connect with people. So game board games. puzzles, books, any that stuff those are all now Congratulations, your board game addiction, your puzzle addiction, video games, whatever those are now pandemic preps, you know, you’re, you’re blessed to go forth and like, you know, load up your Steam library or Nintendo downloads or whatever. Because you really just want to, you want to maintain a good mindset. You want to be able to make high quality decisions, you’re able to see what’s going on clearly. And you don’t want to be in a panic or in a frenzy hopped up on a bunch of weird rumors about what’s going down at the local supermarket or somebody found this or you know, the virus is here or there you just don’t you don’t want to be into that stuff. So, so look out for your mind. You know, protect your your physical person, your body, keep yourself clean, keep your space clean. Keep yourself fed. keep yourself hydrated.

Rob McNealy
Sounds good. Jon Stokes. Where can people find out more about you?

Jon Stokes – ThePrepared.com
ThePrepared.com, visit and check us out. My personal website is just like a bare HTML page john Stokes. com jail in St. Louis, calm you can find out more about what i what i do want to meet you there. But really ThePrepared.com is where I’m spending all my time. Every every waking minute now with this fiber stuff.

Rob McNealy
Very good and I will make sure that I have all that linked up on our website at Rob McNealy calm. JOHN, thank you so much for coming on today.

Jon Stokes – ThePrepared.com
Thanks for having me.

Episode Links

Audio Interview
Video Interview
Interview Transcript

Joe Vezzani – LunarCRUSH Transcript

Joe Vezzani - Lunar Crush

Note: This transcript was automatically generated by artificial intelligence (AI) and therefore typos may be present.

Rob McNealy 0:01
Okay, today we’re talking to Jove a Zani. He is the CEO and founder of lunar crush, which is right now the app that I have the biggest crush on for the crypto world. I’m really, really excited to talk to him about that. So, welcome to the show. Joe, how are you today?

Joe Vezzani – Lunar Crush 0:18
I’m doing well. Rob, thank you so much for having me.

Rob McNealy 0:22
Well, I appreciate taking time. You know, as someone who’s been in the crypto space for a little while, I always like to see the people doing something different in the space. And the other thing that’s really interesting about what I what you’re doing here is that you kind of care about UI and UX, which seems to be the wall in the crypto sphere. So before we jump in, why don’t we just go and you know, let’s learn a little bit about you. How Who are you? How’d you get into this space?

Joe Vezzani – Lunar Crush 0:51
Yeah, for sure. You know, got started pretty similarly. I feel like to a lot of other people that I hear you You know, talk about crypto is, you know, at some point, you know, someone that you know, or, you know, you kind of just run across Bitcoin. And, you know, I was at the time it was, you know, probably like late 2014, early 2015, and my now co founder, john, as he just kind of came up to me and we were working together at the time, he’s like, hey, do you know what Bitcoin is? And I was like, I don’t know. And it was like, his eyes lit up, like he got to tell someone new and learned a little bit about Bitcoin. And, you know, for me, you know, kind of coming out of school with a finance degree, worked in technology and startups before it was kind of this intersection of finance and tech that I was just like, I need to be a part of this somehow. And then, you know, started looking a little bit more at everything else, and you start to kind of go down the ladder a little bit and you’re like, you know, at the time, it was just mostly just Bitcoin. That was some other stuff. But you start to figure out like, what’s this ethereal thing and Litecoin and you start to learn a little bit more and you’re like, Wow, there. There is a lot down this rabbit hole, and I need to learn more about it. And so, at that time, we were just kind of going back and forth. And you know, we were the people that everyone was like, you know, hey, what do I buy? What’s the next hot tip? And what do I do next? And, you know, just kind of got deeper and deeper from there.

Rob McNealy 2:17
Well, I think that’s a lot how a lot of us kind of get started with this. I actually haven’t been in crypto that long. And people always like how long you been in here? Like two years, two and a half years or like, well, how long is your old your project? Two years. So we kind of just like jumped right in. But one of the things that I kind of interesting is your app. And I have been like glued to this thing, like every day, like I used to go to like coin market cap and coin Gecko and keep hitting refresh and refresh. And I don’t even go there anymore. I go to lunar crush. So let’s talk about lunar crash. What is lunar crash and why am I personally so addicted to it?

Joe Vezzani – Lunar Crush 3:01
Well, first off, thank you, that’s a huge compliment. I appreciate that. And you know that, you know, the kind of the addictiveness a little bit is is the way we kind of design this and the way we think about, you know, experience and people coming onto our site and looking at everything is we’re very focused on that design and, and getting people to understand what’s happening very easily, even for people that aren’t into the crypto space yet, but are kind of, you know, like, we’d like to say crypto curious. And they’re starting to dive in, we wanted it to be simple. And inherently the market is our market in this space is very community driven. And a lot of these projects that, you know, especially in the all coin, they’re very, it’s kind of tribal, and people out there posting and they’re talking about what’s happening in the community. And, you know, we capture that, you know, and we’re looking at across the entire market, we’re looking at things like Twitter, Reddit, any sort of news URL that’s out there any link and we’re pulling all that together, and so your You’re really feeling what’s happening in real time when you’re when you’re on our site and you’re in your understanding, not just Bitcoin but everything else and what the community is saying at this exact moment. And so it’s a really amazing kind of feeling to get out there and really kind of see the heart and the pulse of the market. And I think it’s what people have kind of been waiting for it for a while.

Rob McNealy 4:21
Well, I agree with that. And not only do you have like, you know, normal, you know, statistics about and, you know, measurements about what a coin might be doing from a price perspective and things like that. But you’re pulling in all these measurements about in metrics about what the community is saying almost like sentiment and engagement, that kind of monitoring and And to me, that’s pretty fascinating. What what what made you think to do that, no one else is doing it that I’m seeing out there. So yeah, why go there?

Joe Vezzani – Lunar Crush 4:54
Well, you know, we look at when you look at kind of the stock markets, and you look at equities, and you Look at what drives value and the prices of these of these things. It’s it’s really earnings. You know, obviously there’s speculative, you know, you can look at Tesla and what’s happening right now. And, you know, as we record this February 4 2020, it’s kind of parabolic right now, and it’s moving. And that’s, that’s speculation, and it’s, it’s about the future growth of that company. And that’s what’s driving the value. And, but when you’re looking at the broader when we’re talking stock market, its earnings. I mean, it’s literally earnings beats over time is really what pushes these stocks up over time. And that’s why those big companies are so focused on that, where crypto is, is not like that. Its supply and demand driven. What is the social discourse that’s happening? Who’s talking about it? How are the communities being grown, it’s very different. And so you know, when we’re, we wanted to look at what the community is saying we wanted to see it in real time, and we wanted to put it, you know, over time, and you kind of see it on our site as more of a graphical time series representation and so you’re really seen it One place, you know, how is how did the, you know, the tehsils community do over the last two months? Is it growing? Is it shrinking? You know, when you’re looking at maybe some projects that are a little bit smaller that are up and coming, and you get a tip from a friend and you’re like, hey, check this project out, you know, you’re going to know real fast, whether or not that’s kind of a viable project? Or is it kind of the beginning or the end of it? By looking at our site?

Rob McNealy 6:24
So how did you come up with some of these algorithms are the best guests or did you benchmark against something? Because you got some interesting, you know, analysis that you have that, you know, these algorithms that are built into it? Where did that come from?

Joe Vezzani – Lunar Crush 6:38
Which ones are you talking about specifically?

Rob McNealy 6:42
I don’t have it up in front of me now. See, now you’re catching me off guard. I’m gonna have to like look it up. Like…

Joe Vezzani – Lunar Crush 6:48
Like, so we have a couple of proprietary metrics that we’ve designed. One’s called the galaxy score, and the other one’s called vault rank.

Rob McNealy 6:54
That’s it right there. See you called it that was the one I didn’t know the name of it. So yes, that’s The Galaxy score that was it was on the top of my, my, my tongue there.

Joe Vezzani – Lunar Crush 7:05
Yeah, we’ve got a very space themed over here. But so galaxy score I can start with first and, you know, we wanted to kind of create a metric and it’s it’s a real time metric and we’re looking at things that are coming in constantly we’re not, you know, we’re not Moody’s you know, or s&p out here and saying that, you know, it’s a by rating or, you know, it’s a, you know, from a B to A B plus, or whatever it is, and, you know, over the next couple of months, this is what’s going to happen, we, you know, crypto moves too quick for that. And so, with galaxy score, we’re looking at each individual project, and we’re looking at it’s a performance against itself over time. And so we’re looking at things like we’re doing some technical analysis and some price, you know, analysis on each project, but then we’re also incorporating that projects community and the social that has happened around that project and how quickly it’s happening. And so, galaxy score, you know, like, I like to say it’s kind of like coffee. More advanced traders only where, you know, that’s going to move pretty rapidly. And so we’ve got people like, you know, bot traders, and we’ve got, you know, professional traders and people that are using that to look in real time at what’s happening. And so it’s, you know, zero to 100 score and you know, 100 would be the best. And so it means that there’s a lot of kind of social that’s happening at that moment, along with Bryce. And then the other one is called alt rank. And so alt rank is looking at a project’s performance against the rest of the market. And so it’s ranking everything from a one to you know, I think, right now, we’ve got about 1700 that we’re looking at across the entire market. And so we’re pulling in and saying, hey, what is, you know, a theory of price versus something like Bitcoin over time? And is it beating that is it losing against that? And then what is the kind of the social that’s happening at the same time, and so when you kind of put all that in correlate it together, you really get this kind of cool understanding of the market and so at any given time, time if you’re looking at lunar crash and you go to our markets page, and you’re seeing things, you know, ranked one to 25 that means that something’s happening right now. Prices moving, socialist moving, things are happening, volume is high market volume is high. And it’s somewhere as a trader or someone that’s looking at the market, you should really be paying attention to that.

Rob McNealy 9:18
So I’m looking at the you know, I’m bias. I’m looking at the Tusk page on lunar crash. So my Galaxy score for our project went down since yesterday. It was in the 50s yesterday, which said neutral but now it’s down and it says bearish. So what did we do that went from neutral yesterday to bearish today on the galaxy’s score for task.

Joe Vezzani – Lunar Crush 9:38
I’m not looking at it right here. But, you know, my guess would be that, you know, if there was a decline in market volume, or if there was a decline in price, correlated with also some social volume that’s going down then, at least at this moment, you know, in the galaxy scores updating continuously, that it’s a little bit lower now. You know, if there’s some buys that come through at the Some social action that happens if things start to kind of move, that galaxy score is going to jump pretty quickly. And so, you know, a move from something like in the 40s to something in the 80s, per se is gonna, that should be a blip on the radar to say that something’s happening with with Tusk.

Rob McNealy 10:15
Gotcha. So and I know, we didn’t have any volume yesterday, because we’re still new, and we’re only on one exchange, and, but I’m just curious on how, you know, I’m looking at my own stuff. So, but are all drank here says we’re 864 out of 2046. So, it’s got a little trophy thing, what does that mean?

Joe Vezzani – Lunar Crush 10:33
So 864 I mean, you know, again, this is this is looking at test performance against Bitcoin. So if it’s underperforming against something like Bitcoin, and then also, you know, maybe social volume or social engagement is is lower than the alt rank is going to kind of rank there but, you know, hey, 864 to 2000 you know, you’re still better than than 50%. But, you know, if if test starts to outperform bit coin and there starts to be some social that’s happening in real time, then you would see that rank move up really quickly. And, you know, I just want to caveat that we also put we as also assign an alt rank to Bitcoin. And the way that you could kind of look at that, look at that is if Bitcoin is rallying and is the number one all coin, our alt rank and lunar garage, it means that you know, you you might want to be in Bitcoin right now, because there’s rally happening, things are moving.

Rob McNealy 11:27
So there’s another section that says about the task. It’s over on the right side where it’s about the Messari. The Messari section, sorry.

Joe Vezzani – Lunar Crush 11:39
Yep.

Rob McNealy 11:40
So with is that section, we don’t have anything there. How would I get stuff there?

Joe Vezzani – Lunar Crush 11:44
So we, you know, we’re focused at Luna crush on all the social and the real time data, and then we’re partnering and we utilize miscarries data for some of the more about section I think mizar does an amazing job of kind of aggregating kind of the you know, more long Form kind of project oriented data around the why and what’s happening. And so, you know, they we pull in some of their data to kind of showcase on our site, if people want to kind of dive more into the, you know, who are the some of the founders of the project, you know, what is the, you know, what’s the blockchain? Like? What’s the out of their algorithm? Like, how is it working? And so they’re, they’re kind of focused on that. And so we pull in the data from there to, to kind of showcase on our site because they do such a good job.

Rob McNealy 12:27
So we need to get on their radar, if we want that box filled. So it also says here that our social sentiment is 60% of 3.3%, then bullish, so that’s a good thing right? Under the alt right box.

Joe Vezzani – Lunar Crush 12:43
Social sentiment, you’re saying?

Rob McNealy 12:45
Yeah, that’s right under the alt rank box,

Joe Vezzani – Lunar Crush 12:48
Yep. Yep. So social sentiment, anything that is, you know, probably over 50%, we start to kind of categorize as more of a bullish and so we’re looking at some of the some of the data that’s out there, and You know, we’ve actually trained our own machine learning to look at, specifically crypto language out there in the web. And so, you know, when people talk about different projects in our space, you know, they, they speak about it differently, you know, when someone says, whether they’re right or wrong, that you know, monero is going to the moon. That’s a bullish sentiment. But, you know, a traditionally trained library is not going to pick that up. And so we’ve actually gone in and as the data comes in, we’re training it and we’re looking at it specifically and kind of hand tailoring all the data to understand, you know, what is the sentiment across some of this?

Rob McNealy 13:37
So it’s not just hashtags, you’re looking at the whole key words and different terms and how they’re used in conjunction with other maybe adjectives or things like that.

Joe Vezzani – Lunar Crush 13:47
Yeah, I mean, we’re looking at you know, any news that’s out there or any, any social that’s out there, and if there’s links that are posted within that, we’re kind of going in spidering that and looking at the different articles and trying to figure out, you know, was this was this meant to be Something that was a more positive or more as more of a negative occurrence.

Rob McNealy 14:05
So where do you see this would apply to other assets? Perhaps even like So you mentioned earlier with like Tesla, it seems like it’d be really interesting now to see some of the sentiment around Tesla, because everybody seems to be phone via phone going around it right now. Do you think this would apply in the same way to traditional assets like that?

Joe Vezzani – Lunar Crush 14:26
Man, I mean, the FOMO is so high in Tesla, I don’t think you even need ludicrous to identify the sentiment on that one. But yes, I mean, in in a short answer would be that, yes, absolutely. We can take in and pull in kind of traditional asset classes and look at it, our focus has, you know, we’re passionate about the crypto space and we want it to grow and we’re very focused on it. And so our, you know, our roadmap right now, at least for the foreseeable future is focused on cryptocurrency and we want to see this space grow and we want to see the you know, the people and the projects and the company’s growing So we’re completely focused on growing and, and maintain our space here.

Rob McNealy 15:05
So how are you guys funded? How did you guys? Are you bootstrapping this? Or did you get some VC money?

Joe Vezzani – Lunar Crush 15:11
We we originally bootstrapped this thing from the beginning. You know, we were, you know, like, like anyone else you want to build something from scratch and you want it, want it to be yours, and so we bootstrapped it. We did. In 2019. We joined a tech stars program, so I’m not sure if any of your listeners know but tech stars is, you know, one of the you know, best accelerator startup accelerator.

Rob McNealy 15:36
David Cohen.

Joe Vezzani – Lunar Crush 15:37
Yep, absolutely. Yeah. So tech stars. We joined the LA program here and did that from July to October. And then we have, you know, some other some other partnerships with some local venture capitalists here in in Los Angeles. One is Draper Goran home. So they just founded new venture firm called Jake record home, which is Tim Draper, along Goran and Joseph home here who are kind of local, well known kind of entrepreneurs in the blockchain space.

Rob McNealy 16:11
So what is your revenue model? How you gonna make money with this?

Joe Vezzani – Lunar Crush 16:16
Well, right now we’re just growing our business and getting as many people to use it as humanly possible. We’re focused on user growth and and getting this out to the community. Right now. It’s free to get into lunar crash login and kind of see what’s happening on there. We also have an API and and we’re very shortly going to be coming out with a real time API. So anyone that’s, you know, a traitor, anyone that’s a little bit more advanced quant funds that are out there. We’re excited to partner with them and see kind of how they want to utilize some of the data. And so we’re just trying to understand the marketplace right now and kind of be out there and see where we have the where we have the best fit.

Rob McNealy 16:55
I think that’s really good, the way you’re kind of pulling the data together in a very visual way. And I think with crypto, that’s been such a problem. And I think it’s, I think it’s part of the the fact that so much of crypto is just developer LED and which is, you know, a hardcore command line kind of community, right. And so I think a lot of these guys out there and what as far as the developers go, they just don’t really think of UI and graphical user interfaces of things that important sometimes, or at least they, you know, underscore or plug down play. You know how important that is. But the one thing that I like what you’re doing, because I’m a very visual person, but visual representations of data can present patterns, that in trends that you cannot see with just normal tablature type of data scenarios. And I think that’s why you’re going to be successful with this because you’re lightyears ahead on your UI UX, compared to anything else that I’m seeing in crypto right now. And I’m excited It about where this is going. Because to me, this is how you get to adoption in because you’re recognizing, at least it seems like you’re recognizing how the design element is important here.

Joe Vezzani – Lunar Crush 18:12
Appreciate that, yeah, we spend a lot of time and, you know, a lot of thought and strategy and, you know, just going through and trying to put ourselves in our users shoes. And, you know, we, you know, I think it’s like when we went to one of those kind of first block stack summits at like, the Computer History Museum a couple years ago, and, you know, we were looking around at some of the different projects and we just kind of said to ourselves, it was like, you know, we need to focus on design and we need to focus on usability. You know, and it’s such a, you know, a slight usability change in any industry can have a profound effect. You know, look at look at Uber, you know, taxis existed, and, you know, people didn’t take them and it was because they didn’t want to call didn’t know who to call, they didn’t want to pay, they didn’t have cash. And so they felt bad to get into a cab and not pay and they get yelled at. And, you know, the simple, you know, design change of, you know, now I just put my credit card in and it shows up and I can, it’s really cool, I see it coming on this little map. That’s a, that’s an extremely, you know, amazing design disruption. And it’s simple. And so I think with the crypto, it’s the same thing where, you know, you’ve got these, these blockchains, and you’ve got these projects out there. And, you know, I think coin base has done an amazing job, you know, kind of building that first kind of use use case out and that on ramp that she had on ramp especially in the US. And now it’s kind of opening the door to these other tools that are out there and getting people deeper. And now it’s not just a professional trader that’s going to be on here. It’s going to be people that are a little bit more novice that don’t want to be intimidated. And so if you’re not focused on you know, helping people understand very simply how some of this stuff works, then it’s Not gonna it’s not going to work. And, you know, even when we originally started, it was, you know, we had 40 different charts on a page. And it was, you know, infinite scroll, and it just kept going and going, and it wasn’t working. And it’s not until you kind of simplify things and make it make it easy it is to where people start actually using it and understanding.

Rob McNealy 20:19
Well, it’s kind of funny the way even web design has changed over the past, you know, five years, 10 years ago, you’re trying to keep everything above the fold. And then I don’t know what happened because I stopped doing web development A long time ago, and then all of a sudden, now everything’s infinite scroll. And I’m like, didn’t we try to keep everything above the fold for a reason where people didn’t have to scroll for usability. So I don’t know what changed there. But it seems to me that usability is still important and you want to make people have to work the least amount when they’re using your site to get around. And I think you do that and I really do like the fact that you spent so much time in design and I think that is going to make this very Very useful. And it can’t believe that, you know, some of the big players as far as the trackers go, how awful their UI czar or how primitive they are. From the design standpoint, considering how much some of these trackers are bringing in revenue, you think they could bring in some design folks and fix that, but maybe they need to bring you in to fix it for them. Joe, where can people find out more about your project?

Joe Vezzani – Lunar Crush 21:28
Linda crush calm is the easiest way. You can also find us on Twitter, we’re really active on Twitter. It’s just at Luna crush. We’re posting you know, all sorts of insights all day, we have a coin of the day that we post on each day. And that’s kind of our way to get people in and get people understanding the data for free. So that I would say go to Luna crush calm or just follow us at at Luna crush.

Rob McNealy 21:52
So thank you so much. And I do appreciate you coming on the show today. And I wish you all the luck in the future.

Joe Vezzani – Lunar Crush 21:58
And thank you my man. Appreciate it.

Episode Links

Audio Interview
Video Interview
Interview Transcript

Doug Pepe – Co-Founder of Mango Farm Transcript

Note: This transcript was automatically generated by artificial intelligence (AI) and therefore typos may be present.

Rob McNealy
Today I am so excited because I get to talk to someone that I really like to talk to and the crypto space. I really like to talk to really smart people, especially securities litigators and attorneys that really understand both the legal ramifications of crypto but understand the technical and community aspects of crypto. So today, I’d like to welcome to the show Doug Pepe. How are you, Doug?

Doug Pepe – Mango Farm/GW Law
I’m great. Thank you very much for having me. I’m excited to talk to you.

Rob McNealy
Well, I’m really excited to talk to you too. I know it’s been really hard to get a good time frame window with you because you’re so busy. So before we jump in rate about what you’re doing with your project, can you just give our listeners a little bit of a background on who you are for your quote, unquote, day job?

Doug Pepe – Mango Farm/GW Law
Sure. Well, my day job is as a commercial litigator, I do complex commercial litigation, which runs the runs the gamut from, you know, hedge fund disputes, to you know, bank to bank disputes to mass torts and that sort thing, usually on the defense side, represent a lot of law firms that get sued for legal malpractice for things including, you know, opinion letters and securities fraud cases. That’s basically what I do sort of high, high dollar complex commercial litigation.

Rob McNealy
So unlike a lot of attorneys in the crypto space, you’re also an entrepreneur and that kind of sets you apart. And actually, that’s what we’re talking about today. We’re actually not here to talk about crypto law specifically. So tell us a little bit about your project mango farm?

Doug Pepe – Mango Farm/GW Law
Sure. So mango farm was a project that started I’ve been involved in crypto for, you know, several years for years. And, you know, I had never really done anything in crypto in terms of you know, starting a company or you know, coding anything. I set up a mining farm, you know, several medium sized mining farms small by today’s standards, with a friend of mine, a partner of mine, and I just been very interested in You know, sort of the law, the legal aspects of crypto and the technological aspects. So one day and I’ve told the story before but one day my my friend, you know, said why don’t we put together some mining rigs with our kids and you know, get them started on a gaming PC and they can start to mind with it and we, you know, we got a bunch of parts we, we put all the, you know, put the computers together and our kids started mining. We’ve built a big mining farm, you know, from our, from our perspective for our standards of big mining farm, but you know, it wasn’t enough for me and I’ve been, you know, sort of keen on crypto for a number of years and hadn’t hadn’t started any sort of a company or project so when I got involved in you know, learning a bit about Raven coin, you know, tokenized assets, you know, what the raven coin platform could do, I decided to, you know, to start my own little project, so, late at night after my wife and kids were asleep, I started coding the first version of what is mango farm and and you know, what? We do is and from from that day to this, it’s been, you know, pretty much every day of the week at night and on weekends working on this project. It’s a small project. It’s sort of very much in the startup phase. But what we do is provide tools for people to tokenize real world assets on the blockchain without the need to have a computer science degree. So we’ve got a little catchphrase, it’s, it’s a, you know, blockchain assets made easy. That’s our goal at mango farm is to make blockchain assets easy for people who can’t do it otherwise.

Rob McNealy
So specifically, you’ve developed a wall a set of wallet tools that specifically work on the raven coin platform. Sure.

Doug Pepe – Mango Farm/GW Law
I mean, you can take out your phone using our platform and you can tokenize an asset in less than a minute. With full metadata. You can include attachments, you can include icons, legal documents, contracts tokenize the asset even encrypt, you know I designed an encryption system for for Raven coin I open source You can encrypt the underlying metadata using the system right on your phone. It’s pretty cool. So you’re working really hard on it. I mean, it’s, you know, nobody knows about it other than people in the raven coin community, but we have been working really, really hard on it. And it’s still very much in the beta phase, but you know, it’s coming together.

Rob McNealy
So are you a coder as well or just an attorney?

Doug Pepe – Mango Farm/GW Law
I will, well, I’m a little of both. I used to code when I was a kid, right. So I would not consider myself to be an expert coder. I mean, there are real experts in this in this field. I’m not one of them. I know enough to be dangerous, but what I’m good at and sort of what I’ve transitioned into the role of at mango farm, I coated the first version completely myself. But I transitioned a little bit into a role of sort of, I come up with the concepts. And I’m, I’m the member of our team now, who remains sort of the most well versed in the blockchain stuff, the script language stuff, you know, sort of the old school coding, coding stuff, and I do all of that. So right now for example, we’re working on with encryption. Now we’re working on atomic swaps, and sort of the methodology for doing the swaps and all that that came from me. And sort of the first cut version of what the swaps should look like a script level that came from me. And now sort of the JavaScript and the backend coding and all of that that’s being done by a colleague that I brought on because he’s a much better coder than I am to sort of implement. And we’re an awesome team, the two of us really, we work well together because we iterate against each other pretty much all night long. It’s great.

Rob McNealy
So, the atomic swap functionality is that between Raven assets like Raven The Raven asset or from there even though their crypto assets

Doug Pepe – Mango Farm/GW Law
Right now what we’re working on is is Raven coin to Raven asset. The same concept can be applied generally can be asset asset, or it could be another crypto. If we did you know cross chain swaps with a hash time lock contract, we’re not at that phase yet. We’re still we built out. Now the sort of all the functionality for Raven Raven coin to Raven. asset swap. And now we’re basically putting together the front end the look and feel the UX and all that. So we’re going to put that out soon.

Rob McNealy
So, what inspired you of all things to do a wallet? It seems like if I was going to jump into a project, which a wallet is not the sexy thing that you think of at first, why would you start with a wallet?

Doug Pepe – Mango Farm/GW Law
Yeah, exactly. Well, mango farm really isn’t a wallet. A wallet is one of the tools that are needed to build a blockchain asset, right? It started with the builder. So we have a thing called an asset builder. That’s a simple web form. It’s got a set of metadata fields, you can fill it in, you can attach documents, you can put an icon to it. And that builder was sort of the the origin of the whole project, which was just to, you know, make a simple web form that people can use to build assets. From that it expanded to well, if we’re going to do a builder you have to sign right. So if you’re going to sign to create the asset, to sign the transaction, you need a wallet to do that. There were two ways to go. One way was to have sort of the web form the simple web form sort of integrate itself with a cutie or a daemon that the the user actually has on their computer. I sort of that was one way to go. I wanted to go the other way, which was build a wallet. So then I had to go build all the wallet features, had to do all the signing on the client side had to get in all the crypto learned it all and assets were actually pretty interesting because at the time this was now around Christmas time of 2018 was when we went to the wallet. There was nothing out there that signed Raven coin asset transactions. There weren’t any Dev, the dev kit wasn’t even out for Raven coin. So basically built it from scratch, straight from the you know, from the crypto, which was fun because I learned a lot. But that’s why we did a wallet and then we’re building you know, other tools. The wall is basically the repository for you know, it’s Web wallet. So, you know, it’s not a repository for large amounts of Raven coin, it’s basically a vehicle to allow you to put Raven coin into the system so that you can make assets with it. Asset Building is really the focus of the platform. So you’re basically creating a whole you know, usability layer on top of the Raven Queen platform to make it a lot easier and accessible for everyday users. Exactly. Because you know, when I was monkeying around, let’s say the summer of 2018 when test net came out with the asset layer before you know it launched in November, the fifth November 2018. But before that on Raven coin, you know, test net was available and I was mucking around this is what gave me the idea I was mucking around making assets I was using using ipfs to build out the metadata. Tron black who’s the lead dev of Raven coin published the spec for you know, standardized metadata, and, you know, I was making the JSON myself by hand and you know, and, and and you know, spinning up and ipfs nodes Damon and you know, making the ipfs file and attaching it was a very manual process that you had to go through. And my first idea for this was, why not just automate this and make it all simple. So I started with Tron spec, we don’t use Tron spec anymore, we have our own. Because, you know, we just wanted to add some features like multiple attachments. But you know, I started out by using transfect, and building this sort of application layer to allow people to tokenize assets very simply, I mean, the goal is to make it so simple that anybody can do it. And my kids do it all the time. So that shows me that we’re headed in the right direction.

Rob McNealy
Yeah, probably still more complicated than I can handle. I’m guessing.

Doug Pepe – Mango Farm/GW Law
Well, what we’re trying. I don’t think so Rob, but we’re trying. We’re trying to make it easier and easier as time goes on. And that’s the goal. Like for encryption, for example, I mean, to encrypt data for an average person who’s not versed in, you know, setting up the PGP keys and all that. That’s hard for most people. And so we did it with sort of point and click Here you go create your, we call it an encryption receiving address. It’s a special address that has a PGP key associated with it. And you can encrypt and decrypt asset metadata literally by just pointing and clicking on a website. Our goal is to do that with swaps, which we’re working on now. And we have, you know, a few other things that we’re that we have in the pipeline. And when we’re done with all that, then we’re going to go back to making the whole platform sort of look and feel a little bit more professional. It’s still a little, you know, wonky looking. So we’re leaving that for the end.

Rob McNealy
So, how are you funding this project? Do you have outside investors, VCs Angel, money?

Doug Pepe – Mango Farm/GW Law
Self funded.

Rob McNealy
Yeah, wow.

Doug Pepe – Mango Farm/GW Law
I do a lot of the work. You know, my I’d say 50% or 60% of the work is is me in terms of the concepts in the you know, the blockchain related stuff and the going back and forth. We do have a developer that we now have hired, I have a partner who’s my good friend, it’s more I would say it’s more my sort of labor of love than his But the two of us, you know, funded together and we have so mango farm is a public platform that’s there basically, it’s free. There’s only one thing we charge for on the platform, which is the encryption and we’re not doing it to make money I’m doing to test in the concept of, of, you know, charging for these sorts of things, but it’s 25 or even to create this encryption receiving address once you make zero dollars off of it, but you know, mango farm is if I had my druthers mango farm is going to always be free. It’s not there to make me money. It’s there as a platform for me to learn and continue developing these tools. And then we have sort of a separate side thing project going on, which is you know, if we’re going to make money with manga from this is the way we’re going to make it which is that we’re white labeling it for specific asset classes. So we have to one of one of which we own, the other which we own a percentage of the company. Someone came to us, I can’t disclose what it is. Now, as I’m sitting here, it’s coming out soon. And we’ve been working on it a lot very hard, which is a specific asset class that uses the mango farm tools plus the swap feature that we’ve been working on for a pretty cool outside the box asset class that really has a need for what, for the tools that we can provide. So we signed up with that back in the summer. And we’ve been working pretty hard on the side, there’s nothing out there about it, other than the fact that I’m saying that we’re doing it and you know, in a couple of weeks, maybe maybe two months time at the outside, that’s going to be coming out. It’s pretty cool.

Rob McNealy
Could your set of tools be used or apply to other block chains?

Doug Pepe – Mango Farm/GW Law
So, the The answer is yes. With modification, right. I don’t really have the same degree of knowledge with other asset based blockchains that I do with Raven quenchers because I’ve been working so much with Raven Quinn. You know, theoretically, you could you could use similar tools to those we built to put a second layer on top of Bitcoin, you know, as an opcode although you wouldn’t have the sort of UT xo benefits that Raven coin has, and I don’t get too technical. I don’t know how technical your audience is. But, I mean, one of the key benefits of Raven coin from my perspective, is that every asset has its own individual UTF. So, what you can’t get with Bitcoin, unless you use a second layer, like, you know, like liquid. I don’t know all that much about Did you bite? There are platforms out there, though, that I think you could use similar tools. I think people are building similar things on other platforms. But you know, I like Raven coin. I like the fact that it’s, you know, I like the ethos of the project. That’s what attracted me most to it. And that’s what got me started building. And so I think, you know, I’ll continue to build we do want to add other decentralized projects to our, to the wallet side of our platform. So we are going to end Bitcoin probably kind of add Litecoin I’d really love to add grin, but I don’t know enough right now to know if we can do it, you know, in a in a simple and clean way. And I really like flow too. So we’re looking at other things to add, they’re relatively easy to add. I mean, all the tools are the same, because Raven coin is based off of Bitcoin original Bitcoin source code. So the answer is yes, some of our tools are going to be used, we’re going to add other projects. In terms of the asset building now, I think we’re pretty much going to stick with Raven coin. Maybe when I learned a little bit more about flow, maybe we’ll you know, sort of consider using alleppey in some way. But I’m still you know, that this is an iterative process. It’s an everyday process, you know, each new thing is a new thing that I’m learning. So, you know, doing doing swaps came from conception to, you know, implementation and in a couple of months of me reading and learning and doing Same thing with, with encryption, you know, so sort of biting off chunks, getting them done. Moving on to the next thing. So eventually I’d say you know, maybe maybe three or four months, we are definitely going to add Bitcoin, probably like coin and then I’ll see about other other coins to the wall.

Rob McNealy
Oh, well, we’ll have to talk about that. But I’m always thinking about my own personal self interest on any of these products. But I think you you dovetailed into or segwayed into a really good point is that it’s amazing. And once you start getting into the technology, you see the other opportunities that present themselves once you have a better understanding of the space, and it’s..

Doug Pepe – Mango Farm/GW Law
It’s amazing. The more I learned, the more I learned the deeper down the rabbit hole I go. And, and, you know, look, I have a full time, more than full time day job. I also have four kids. I wouldn’t be doing this if this wasn’t a very serious passion that I have. And I just love to learn. So the more I learned, the more I realize, I don’t know and the more I want to learn and that’s been The course of this mango farm experience for the past year and a half basically.

Rob McNealy
Do you ever see yourself segwaying into the world of cryptocurrencies and the mango farm project full time? Or is that a goal? Or is it just something you see you’ll keep doing on the side?

Doug Pepe – Mango Farm/GW Law
I’m sitting in my law firm right now. So, look, I love it. That’s all I can say. You know, for me to transition fully from my, my, you know, my legal practice to blockchain full time would take a lot in terms of, you know, just being able to, you know, my family’s accustomed to a certain way of living, my kids are in private school. So, if I were left to my own druthers, I’m just gonna say this, honestly, if I if I, if I didn’t have a wife and four children, I would have done this a year and a half ago. But I do so I can’t. But I’m sorry.

Rob McNealy
I hear that and, you know, people say that about you know, all us with our because we have a community project to and and, you know, same deal like for us to like go full time and it would be it would be very expensive. Yeah, because I have four kids as well.

Doug Pepe – Mango Farm/GW Law
There’s a big opportunity cost. And you know what you can take risk for yourself but you can’t take them for your family. So that’s where I am. Yes, the answer. I want to give you a short answer your question. Yes, I do want to do it.

Rob McNealy
Well, that’s good. And I appreciate the honesty and I wasn’t just trying to put you on the spot. I just I just like this I was more trying to gauge your, your level of passion, you know, for it kind of thing. Some people are like, Oh, I just want to dabble and play around or some people are like, No, I’m really, you know, I see this is the future and I want to be a part of that.

Doug Pepe – Mango Farm/GW Law
Do you remember Spinal Tap when they had up to 10 and you could go one louder. I’m at one louder.

Rob McNealy
Yeah, exactly. And, you know, I can you know, I can completely relate because you were a drummer, I think right?

Doug Pepe – Mango Farm/GW Law
Of Us. Yeah. I mean, I still am but not as good as I used to be when I was a kid. Yeah, I was I played drums for most of my life before I went to law school, and it was a real passion. I used to play drums for 12 hours a day. Literally 12 hours a day, I play into the wee hours of the morning. Pretty much every day. It was my thing.

Rob McNealy
Did I ever did I ever tell you that I was in a metal band and a grunge band when I wasn’t lead singer? Actually, I’m the first. No, no, the band’s name was bludgeon actually. So I can relate.

Doug Pepe – Mango Farm/GW Law
Someday you and I’ll have to, you know, get a kit and you know, get some get some musicians to you know, jam around a little bit.

That would that would be fun. I would love someday for me to be able to go back into that passion. I used to speak I actually used to sing in formal choirs as well. Classic choirs. Excellent. So actually, the last quarter was in wasn’t that long ago. So, but yes…

Keeping up with it. I mean, that’s the hard thing is keeping up with it. You know, I I played I played in a band I’m not in the band right now I could go back. But I played in the band for about two years. And stop, my wife got very ill she had cancer. So I had to stop basically for that. But before that I was playing, you know, I was playing at least once a week, and we played out, say, once every three months at a local club, or bar, and it was it’s just great to get out there and do it, you know. So I think it’s awesome that you’re still saying,

Rob McNealy
You are not a typical attorney.

Doug Pepe – Mango Farm/GW Law
I don’t know what a typical attorney is..

Rob McNealy
..not not as cool as you. I’m thinking polymaths that word is coming to mind. Right? But but but it’s good. No, but I’m serious. Because it’s like, it’s good to see you know, someone that is really, really intelligent, but gets it and a lot of times, you’ll find people that will, you know, have a certain expertise in one area, but they’ll be lacking in every other area, like common sense. Certain developers come to mind in this regard, but you seem to get it and you well balanced. And I think that’s important. And I think it’ll definitely take your project to, you know, really high levels of success. So, as far as being a securities attorney, how do you I mean, that must skew how you look at crypto and crypto projects. Does it scare you more than what you know, securities laws and stuff being in this space? Or does it make you more confident that you are avoiding, you know, minefields?

Doug Pepe – Mango Farm/GW Law
No, it interests me. That’s, that’s one of the things that interests me. I mean, my background in terms of my professional background, right, I had a background in economics, mathematical macroeconomics. That’s what I studied in school. Then I went to law school, I got out I practice as a litigator. I’m not a corporate lawyer, so I don’t give sort of before the event advice. as a general matter in my day job, I get to see things after the fact. You know, in securities cases, typically the securities class actions where you know, the alleged misrepresentation occurred. Rarely do you have a question of whether something actually is a security I had one big case where that was the centerpiece of the case. The case involving this alleged Ponzi scheme by Allen Stanford down in Texas, and Louisiana, I represented the law firm, a law firm that was involved in that. But you know, I don’t get a chance to really analyze these things in my day job unless I have to, unless it’s for a particular case. And then, you know, you really drill down and you become an expert in that very narrow issue. What I love about crypto is it sort of got pieces of all of the things that I that most interested me in my life other than music, you know, the sort of computer science coding scientific aspect of it, the social construct that surrounds sort of blockchain governance and Nakamoto consensus versus you know, the sort of approach to the theorem staking that through to the economics, you know, the token omics, the economics, the game theory aspects, which I was really interested in when I was a kid, when I was in college, to the legal aspects, so I really sort of like the whole big picture. And that’s what drew me. That’s what drew me to crypto it wasn’t, you know, sort of you can buy bitcoin today and you can sell it for 20% more a week from now that really didn’t interest me at all. It still doesn’t interest me. So that’s what drew me to crypto I, you know, I don’t really practice in the crypto space, I’m working with a I’m working as sort of an advisor for an exchange. But, you know, other than that, I don’t really practice in the space. I do teach it though. I mean, I teach blockchain law and technology at GW law and DC. And, you know, what I love most is that it’s a space where the rules haven’t yet been set. The rules are still being made literally day by day, case by case. You know, as we go, and that interest me the most because you know, each new day you have a new filing by the SEC, you have a new speech of new statement, you have a framework came out you know, it changes the analysis, it changes how you how you view things. And I think, you know, it’s going to take about 10 or 15 years for the courts to sort out some of the issues that have been Paramount post, sort of, you know, the egregious Icos that happened in 2017. to sort out, you know, where you separate the wheat from the chaff, you know, and sort of draw that line of where what a security is in the context of crypto two very interesting dynamic analysis. And I’m looking forward to getting some, you know, case law, which is where was really made, you know, it was made through official formal regulations and cases, interpreting whether those regulations comport with a statute. It’s not made through speeches, and it’s not made through sort of side consultations. And, and over time, we’re going to start to see case after case after case in various jurisdictions in the US start to come up with, you know, attempts to define, you know, where the line is between a security and an unsecured as those cases sort of riping, you’ll start to get conflicts among the circuit courts, which are the higher higher level courts, the appellate the first level of appellate courts, in in federal cases, and then ultimately, maybe, you know, 1515 years from now we’ll have the halli of crypto out of the Supreme Court. And you know, we could get a completely different tests out of that case, or they could stick with the howey test, it’s going to be really interesting just to see how this progressed.

Rob McNealy
You know, the one thing as a as a project that’s worked really hard to, you know, actually not do things that are illegal and get in trouble and all that stuff, just from the regulatory risk side of it, is, it’s complicated, because, and you know, what, my day job, I’m an expert witness. So I’m fairly good at looking at rules and laws and understanding what their intent was. The problem comes in, especially with these guidances from a project standpoint that I’m seeing is that a lot of times they’ll give you three or four examples of how their guidance can be applied. The problem is what we want to do isn’t one of those examples. So what do you Do case and that’s the problem. Like I, I’ve had a situation recently where I think I look at something and I read it this way. And I’ve talked to, you know, attorneys about it, and then their attorneys disagree with each other, you know, and you’re like, what do you do as a project at that point? Because, yeah, I mean, if you make that mistake, even if you don’t have, you know, a malicious intent or something you can get in a lot of trouble. Definitely. And I think that that regulatory risk now there’s a lot of people like two years ago, they didn’t care, right? They just like, throw it out there. Well, we’ll raise you know, $30 million in 10 seconds and right you know, it’s worth whatever the risk is, but guys like us that are like one I don’t want to go to jail to I don’t have them, you know, millions of dollars to fight this anyway. And, you know, what do you what does it project to do?

Doug Pepe – Mango Farm/GW Law
That that’s it. Look, the SEC has provided we’ll talk about SEC, we can break this sort of into chunks, but I mean, the SEC has, I think done a great job of at least trying over the past two years, to give more and More and more, and there was no guidance before. Right. And, you know, there have been a couple of speeches, there was the framework, there was the Dow report, you know, they’re making, I think, a concerted effort to reach out and say, you know, this is these are the sorts of things we’re looking at at the SEC. But it’s difficult, right? You know, these are rules that are typically applied to sort of major capital raises by, you know, significant institutions that are sort of being applied at a, you know, at a granular, granular level to small startups in an uncertain in an uncertain context, right. That’s what makes it difficult. If you have a startup and you want to raise capital, you want to, you know, set up a Corp and you want to raise money from people. The rules have been set for many, many years, you know, you know, these are the types of lawyers you can go to. This is the type of advice you need. This is how much it costs. It’s sort of not cookie cutter but it’s it’s there’s a process right? And that process has worked out over many, many years. With crypto, it sort of that whole process was was sort of applied instantaneously to an area that still remains uncertain. I mean, there’s a lot of debate between people over whether I mean, just look at the graham case, right? There’s a debate in that case as to whether the underlying token itself is the security or is the investment contract something separate? Right, it’s not so clear. And you know, what happens if you if you I tweeted about this the other day, actually, I mean, what happens if you, you know, have boxes of graham crackers, right, and I branded boxes, and you sell those boxes to a set of initial purchasers. So let’s say 1000 2000. You sell the boxes to them, and you say, I’m going to use the proceeds of this initial box sale, to market the heck out of these branded graham crackers. Right. There’s two questions involved in that. First question is, is that an investment contract? Probably. Second question is, are the graham crackers themselves the securities? Is there a difference between the investment contract the sort of agreement or understanding between the promoter saying, Give me your money in exchange for these graham crackers, I’m gonna use that money to build out this ecosystem for making these graham crackers increasing value versus the graham crackers themselves are those securities that’s going to be dealt with I think in the Southern District in the next…

Rob McNealy
Well that sounds like then that’s where you know, the the argument of like is the utility of whatever the thing itself is when they’re combined, does that make something different from crypto than a typical investment contract, right?

Doug Pepe – Mango Farm/GW Law
Even like class struggles with semi anything can be security. You can make an investment contract out of anything right? That’s different, though, than whether the underlying thing itself The thing is the security or the investment contract something different. I have my own views. I’m not going to stay them, you know, because no, it’s just a debatable issue. And that’s what I love about this space is that there’s lots of debatable issues like that. But I want to hit your question directly. It is hard, right for small startups to and thankfully, the SEC has started to give some guidance and fincen has put out excellent guidance. I mean, it their guidance is actually pretty, pretty darn clear. I mean, you can read the fincen guidance, and you can sort of know where things stand. Not always but you know, for the vast bulk of general applications, which I thought was good. But you know, you you have you can’t operate in the space. Without a lawyer. You just have to have legal advice. Maybe that will change over time, maybe the rules will get more solidified maybe courts will start to issue decisions that clarify things setting that line. In a in a Sort of judicially recognized way. Yeah, this is you can back away from a staff statement in litigation. There’s nothing that binds the SEC to a staff state in a particular jurisdiction if the Second Circuit Court of Appeals, which is the court that we have here over New York, and other states, issues of decision if you’re inside the Second Circuit that decisions, the law. So over time, you’re going to start to see the law develop. And I think it will make it easier. But for now, you know, to have any sort of any project that involves anything close to money transmission, any project that involves anything that’s close to touching on whether it’s a security. You just absolutely. You just need good counsel.

Rob McNealy
Absolutely. You’ve also been pretty vocal on your Twitter account about accredited investor laws. Yeah. Tell me about your kind of position or opinions about that.

Doug Pepe – Mango Farm/GW Law
So look, the accredited investor laws are interesting, right? Because the legal framework surrounding being accredited accredited investor rules is, is it a public offering? Or is it a private offer? That’s what the statute, the statutory distinction is between public and private. And it’s sort of morphed. There was a Supreme Court case, you know, 40 years ago, that said, you know, it was a case involving Ralston Purina and the and sort of the employees of Ralston Purina getting stock. And the court said, you know, if, if it’s an offering to a group of people who can fend for themselves, it’s a it can be considered a private offering. Right. And what is fend for themselves mean? It really means, you know, are there informational asymmetries or you know, are is this class of people capable of, you know, analyzing and understanding the risk, that’s sort of how it was subsequently interpreted by the SEC. So the SEC past, you know, the accredited investor rules in the early 80s. Basically, you know, trying to put a fine line, it’s a safe harbor. It’s putting up putting a box around if you if you if you only issue the securities to these accredited investors, you’re okay, that’s a safe harbor. It doesn’t really it’s not even designed to address that that public private distinction. It’s saying, if you if you satisfy these rules, you, you know, you’re going to fall within a private offering, except now, I just think the rule is targeting the wrong thing. And, and I think it, you know, back in the early 80s, it probably didn’t have that major of an impact but entire industries have now then sort of created surrounding the notion that there are two classes of financial citizens in this country, one class is, you know, those who have wealth or sufficient income under the rule, they get to participate in the party and another class of citizen that are you know, I don’t want to say stock but are limited to investments in the public markets. For the most part, I don’t think that’s the right way to go. I think if the question is and again, this is not really what the statute says, but if the question is, do we only want people who can understand risk to have the ability to invest in certain, you know, certain classes of securities, then you know, I like the Tron black had an idea I thought it was brilliant. Have a test. I don’t know if it was his originally but you know, have a test something similar to sort of a scaled down version of what broker dealers need to take this, I forget the the broker dealer test, but there’s two tests and one test is the test that you take in order to be able to take the series seven, something like that, you know, almost like a driver’s license type thing to see if people can understand risk. But I don’t think you know, limiting limiting an entire class, you know, all private equity, all of hedge funds, you know, many real estate Investments, oil and gas and all sorts of lucrative and in some instances sit very safe investments out there that, you know, I don’t know what the percentage is, but it’s something like 90% maybe more of the American population is completely barred from participating. I just don’t think that’s fair.

Rob McNealy
And what’s the general litmus test to be an accredited investor? Right now, a lot of people here might not know the million.

Doug Pepe – Mango Farm/GW Law
I think it’s really funny. I haven’t done this a long time, a million in assets to 50 in income,

Rob McNealy
I think, isn’t it? I think it’s 300. Right? I think it’s 300 and year and income, if you’re married and then a million in net assets, excluding your home or primary residence, excluding your primary residence,

Doug Pepe – Mango Farm/GW Law
I only had this come up in one case, it was actually that case that I told you about, which was that there was a reg D offering. The question was were these certificates of deposit securities. And one of the issues in the case was, you know, was the was the Did the company properly authenticate that all the people who were receiving these certificates of deposit were accredited investors? You know, that there’s an example. Right? These were these were, it turned out fraudulent investments. But, you know, take take a good security that sort of fit within the mold of what that company was doing. They were defrauding people, or allegedly defrauding people, but take that mold and make it, you know, turn it into a safe investment with proper disclosure. You know, why should the regular folks be precluded from investing in that why should regular folks be precluded from investing in a hedge fund?

Rob McNealy
Well, I mean, you look at it, then the same folks that don’t meet the accredited investor regs can go and play the lottery ticket in every state that has which has really, really much higher risk and Don’t even get me started about scratch offs and casinos. Right?

Doug Pepe – Mango Farm/GW Law
I saw one article, I agree with you i saw one article I found a fascinating was on Twitter. It was an article from I think, was the Boston Globe. But it was about the Boston securities regulator, because you know, each state has its own blue sky laws, the Boston securities regulators, barring people from investing in the apple IPO because it was too, it was too risky.

Rob McNealy
Wow, that was great. You know, that came I saw that right around the time of, you know, the the new proposed rules for the accredited investor expanding the accredited investor rules to allow, you know, employees of employees of hedge funds to invest but not everybody else. I, you know, look, there’s a rational way to approach this and if the issue is Do people understand risk, and that can be test, but I don’t see wealth or income is having anything to do with you can have an Uber rich person Who knows nothing about finance. And you can have a you know, a small business owner who doesn’t meet the income threshold is just under the is just under the, you know the the wealth threshold and and still understands the risk fully. You can have PhDs who are starting out as finance professors at the Wharton School of Business, who don’t meet the accredited investor test, but are some of the most sophisticated financial economists in the world. It doesn’t make any sense. Well, I was gonna make sense.

I agree with you on that. And, you know, I go back and look at you know, Angel I’ve been around the angel investing world a lot. I know a lot. I’ve looked at a lot of small business pitches, like hundreds of them over my life. And I can tell you that at least as a small business and an entrepreneur, you know, I as I’ve been an entrepreneur now for 20 years, and I can tell you that you learn a lot about risk mitigation and seeing opportunities being an entrepreneur that you You would never have been like an employee of some other company, right? Because that’s just part of, if you’re going to be successful as an entrepreneur, and you’ve been in a lot of different industries and entrepreneur, you just learned these things. And I do think that they have an advantage when it comes to early stage investing for sure. What I don’t really quite understand in get is where the government drew these lines, because on on the threshold of economic value, because you’re right, I don’t think there’s a one to one relationship between how much money you’ve amassed, and, you know, your knowledge of risk assessment.

Doug Pepe – Mango Farm/GW Law
There’s not this this for me as a matter of just general interest. It’s not something that I do. But I did, you know, go back, I looked at the regulatory history, just out of pure interest. I looked at the regulatory history to trace through the rules and trace through sort of the, the commentary from the SEC rules, to the regs and and it sort of morphed over time. More from that pure in a case into this test, there was a period where the SEC had you know, you had the ability to, you can still invest in, in, you know, reg D exempt offerings. If you had, if you consulted with a financial advisor, which makes a lot of sense to me, and that, that, like this rule, the problems that I have with the rule, I think, would be largely eliminated. If if, you know, your average Joe, in consultation with an investment advisor or a, you know, a broker dealer. stock broker could could invest, you know, using the knowledge and expertise of the person that’s advising them on their investment. The difficulty I have is just borrowing a whole class of people based upon a criteria. It doesn’t target the issue that we’re attempting to target. And frankly, none of it targets the question whether it’s public or private.

Rob McNealy
Yeah, and I want and then it comes back to you know, the more libertarian part of me says, Why is this the business of the state to protect People from their own bad investments.

Doug Pepe – Mango Farm/GW Law
Look, you can invest $1,000 in a big screen TV, but you can invest $1,000 in, you know, in some lucrative unicorn that really does have the potential to increase your wealth. It’s just it’s very paternalistic from my perspective, and I understand the rationale behind it. And I understand the desire to protect people. But you know, look, fraud is still covered at fraud in connection with the purchase or sale of a privately issued securities is just as covered by the by the law is fraud in connection with purchases held the public security. So it’s not really about fraud. It’s about informational asymmetries. And, you know, I think people, I think people are well suited. I believe in free markets. I believe in the ability of, you know, even average people. And I don’t even know what that phrase means. But you know, people who don’t have master’s degrees or college degrees in finance to understand Sort of innately the risks of what they’re doing. And I just I rankle it, you know, sort of protectionist or paternalistic sort of approach. It’s like, you know, you have to be rich enough, in order to be able to do this is really there really aren’t very many things in this world where we have a litmus test on whether you can or can’t participate, or buy it based upon, you know, how much money you inherited from your mom and dad.

Rob McNealy
It’s not really fair, I don’t think and I think, you know, hopefully, it’ll change. But speaking of changes, what do you see, you know, coming down the road litigation, wise rulemaking, why’s that? You know, you’re kind of got your ear, you know, to the politics side of it, or at least the legal side of it. Do you see any major changes coming when it comes to crypto law over the next year, two years?

Doug Pepe – Mango Farm/GW Law
Sure. Yeah. I mean, I think we’re going to start to see more cases. We’re going to start to see a little bit more refinement. Around the, you know, sort of the security non non security line, I think, you know, we’re going to start to see implementations of financial action, Task Force, sort of principles. And we’re going to start to see maybe a change here in the US, you know, at a granular level, but on some things, you know, the applicability of the travel rule and that sort of thing. For money transmission purposes, I think states are going to start refining their money transmitter rules.

Rob McNealy
A little bit more over time. You know, right now, a lot of states don’t even have them or several states don’t have them. Some states sort of, you know, don’t have clear rules that really the crypto I think we’ll start to see more and more of that. I would like to see a bit of a change in in New York. bitlicense. I think the whole industry would, and I think that I sort of sense it that’s coming. You know, we’ll see. And I think you’re going to start to see more sort of libertarian leaning states like Wyoming Come up with interesting new sort of vehicle legal vehicles for, you know, that are sort of blockchain friendly, right. The one thing I know that Wyoming is thinking about at least is, you know, having sort of a construct for tokenizing assets. It’s actually a fascinating it’s a really fascinating issue. I’m on this I’m an advisor or an observer to this uniform law commission. Committee. I’m not directly you know, drafting anything, but I’m sort of an observer. I’m a member of the American Law Institute and the a like, it’s observers on this Ulc commit Ulc is responsible for the Uniform Commercial Code. And one of the things the hot button things that come up in the ULC discussions is you know, some choice of law issues. And, and let me explain what that means. So if I if I create a blockchain asset token, okay. And that’s it. Let’s say that token is one One Note no fractionalization. But that token represents the ownership interest in something, a widget, a piece of art, whatever you want it to be some asset in the real world could be a complex derivative or it could be a, you know, something that’s sitting on the ground like a rock. So and I sell that I create that token, and I sell the token to you, and you buy the hook. Right? And we can have a contract between the two of us. And that contract can set out things like you know, we’re one of the two of us can sue if something you know, something goes wrong, what the law will be, that’s a contractual right and you need in order to have a contract, you need two people that are interfacing with each other and you need an offer and you need an acceptance, you need consideration. And then you have a binding contract. And that contract sets up the terms but third parties, secured creditors, third parties that may have some interaction with with that If you sell it to a third party without entering into a contract with them, you know, there are all sorts of legal issues that that are implicated once you get beyond the meaty you exchange and our agreement. Okay? I don’t have too much in the weeds on the legal issues, but it’s really fascinating. You know that that sort of issue doesn’t exist in with certain asset classes. So Delaware, for example, is the centerpiece of corporate law. And when you create a corporation in Delaware, your that corporation is a creature of Delaware law. It’s it’s sort of created by Delaware, Delaware law didn’t exist before that. So then if you have a share in that Corporation, the rights and obligations of the management of the company, the corporation, and the security holders of the corporation, those are all governed by Delaware law, no matter where you are in the world. It’s called the internal affairs doctrine. And the reason is because that the corporation itself itself didn’t exist, but for the Well, the same concept can be applied. Same thing with LLC. So no matter who you are in the world, your rights and obligations visa v. The corporation, if you’re a shareholder are governed by Delaware law just just from, you know, without any contract. I have a similar concept I testified about this last year in Wyoming. And I think they’re thinking about it. I know they’re thinking about it, or at least considering it is to have you know, asset tokenization be the same type of concept just like you can set up an LLC, you can set up this direct ownership of real world asset by tokenizing, that asset on the blockchain. And this is sort of the idea is to have a legal construct similar to the creation of an LLC that sort of surrounds envelops that that creation of that token and the relationship of that token to the real world asset. Once you do that, then it solves all sorts of things right. You can have, you know, in the statute or you can have in the organizational document. The equivalent of the organizational document that, you know, all disputes will be resolved in the Wyoming Court of Chancery that the applicable law with descriptive disputes arising out of the ownership of that token, or the rights and obligations of the token holder to the asset, are determined by Wyoming law. And then you can set start to set up a body of precedent around this. So for me as a lawyer, that’s really interesting. I hope things like that start to come out. So, you know, that’s a long winded way of saying, Yes, I think there’s going to be sort of refinement in the regulatory space and also an advancement, I would call it in, in sort of the usability the laws that govern the usability of these things, these blockchain assets. General. So yeah.

Yeah, I guess it’ll be interesting to see how government in you know, looks at say a token is a token, a share, or, you know, I look at like, they have fractionalization ownership of like aircraft, for instance. And so that’s not a secure But where you’re buying it is an investment, generally you’re buying it is just like, okay, there’s one owners, you want to use this for owners at Starcraft. Now how that generally works in with aircraft and I have experienced I understand how this works in the aircraft industry, maybe there’ll be a company set up, which actually holds title legal title to that aircraft. And then like an LLC might be set up in Delaware or wherever and then there’s four owners. And then when there’s a change in ownership, then just like if you’re bringing on a manager to an LLC, or getting rid of one, and I guess the difference would be instead of having that paper change of, you know, directly direct ownership. Now, the question is, and this is where I think the technology is different is physical possession of that token as much as you can physically hold a digital token. But if you hold that token now, do you own legal…

Doug Pepe – Mango Farm/GW Law
…are you entitled to the asset?

Rob McNealy
Do you And that’s I think the thing that’s hard to get even my own head around is, is it more just like a deed for instance? So, you know, if I have does and the question is, provenance is part of this, too, I would think just because you necessarily have physical possession doesn’t mean you have right to have physical possession of that token.

Doug Pepe – Mango Farm/GW Law
I mean, you’re raising a lot of really interesting issues. So so the corporate model, right, or the LLC model, the sort of the, you know, putting the asset inside a structure or a Delaware statutory trust, all of these things are vehicles, and the vehicle holds legal title to the asset. And then the shareholders or the LLC members or you know, the beneficiaries have beneficial title, they don’t actually have legal title of indirect title to the underlying asset. So if you set up an LLC, and you stick in that LLC, one Picasso and then you sell interest in that Picasso through the LLC, right, so you have 100 members of the LLC, each one has a 1% share that That’s not direct ownership. What I’m talking about is a little bit different doesn’t exist, but right. That’s new. That’s a new thing. It’s a new thing. And you know, they’re going to be but the answer your question is it is uncertain, right? So if I create a blockchain asset and I say this asset is a Costco token, and Picasso token is represents all right title and interest in into the underlying asset, a caso saucepot in the kitchen, I think is one of his paintings. Right? Or Rembrandt, Aristotle contemplating bustah Palmer, which is one of my favorites, right? So if you have that construct, right, and then I sell this what I was talking about with choice of law, and I sell that to you. Right? Well, how do you know that the state where you are, is going to recognize that ownership interest? What if you move to another state? Is that state going to recognize the ownership interest in how to go ahead…

Rob McNealy
But but how do you even know that that blockchain had the right to sell ownership in that first physical objects…

Doug Pepe – Mango Farm/GW Law
You don’t, you don’t know, you can do it with a contract, right? You and I can contract with each other that says, you know, here’s a piece of here’s a notepad, right? And you know, now this is even better. This is a puck, right? If you and I agree that the holder of this Puck owns the asset by contract, and we say, all right, title and interest is, you know, imbued in this puck, the odds are the court the courts not gonna enforce the puck, the courts can enforce our contract, right? Because we can contract basically for anything that’s legal. You know, sort of very, very, very different than when you’re dealing with third parties, when you take that pop down and you sell it to a third party. You know, a third party may not be bound by whatever rights another and this is not just pure ownership and ownership is a bundle of rights, right. So some bundle of rights is going to get, it could be the possessory interest in the Picasa. It could be a non possessory interest in the gossip, it could with tag along and drag along rights. It gets, you know, interesting, right? So if I want to create a bundle of rights separate out a bundle of rights from the sort of pure possessory interest of a real world asset, and I want to sell them to third parties, but I want to do it in such a way that all the rights and obligations between the various parties are not limited to the direct contractual relationship between me and the initial seller and the initial purchaser. It gets interesting. That’s why I sort of came up with this idea. I hope that you know, I hope it gets some legs it needs a lot of sort of thinking through and refinement. And, you know, believe me, I don’t you know, I don’t do property law as part of my day jobs, so, you know, real estate lawyer might be actually better to serve actually structure all of this. But look, I think vehicles like this need to be thought through because before there was a corporation, there wasn’t a corporation. And now our entire finance system basically, is corporations issuing shares, corporations were disfavored, they were frowned upon a New Jersey first and then Delaware after New Jersey, sort of broke new ground when they switch the whole world from, you know, sort of the big trust that used to exist, most of which were in New Jersey, to, to, you know, the corporations that now rule our financial system. I think a similar thing can happen, but it doesn’t, you know, it relates to all all assets, all, all asset ownership could be reposted on the blockchain eventually. And I think, you know, it’s got a lot of potential benefits, you know, alienation of property and the free sort of flow of, of property is surface that has a significant sort of historical impact on society. You know, I mean, think about what the feudal system was a feudal system was, you know, peasants living on land that was owned by a Lord that you know working on the land but they didn’t own it, they were unable to alienate their interest in the land. And thinking out think about from that day to this will you know how our property alienation system has grown right. Same thing with any with any property, any property tenant should be, I think tokenize on the blockchain and potentially fractionalized, but it’s going to take a long time before the systems are in place, because they’re not malicious.

Rob McNealy
It’s going to be complicated. Doug, we’re running out of time where can I find out more about you and where can my listeners find out more about you?

Doug Pepe – Mango Farm/GW Law
Sure. So you know, I’m personally on Twitter, it’s at mango farm assets. You can find out more about mango farm at mango farm assets com that’s our you know, our wallet in our builder tools and our viewer on Ravencoin. You know, I’m out I’m out there. You know, I do podcasts like this. This is my first video one but I do podcast from time to time and you know in terms of legally most of the folks You’re watching this probably wouldn’t be interested in retaining my legal services because I’m a commercial litigator. But you know, you can. You can Google me and it’s Doug Pepe. And I am I’m really happy that you gave me the opportunity to speak with you because I always enjoy talking to you. And now we’re doing it on on video. So

Rob McNealy
This is a trip and I always learn more. I talked to you, Doug, thank you so much. Make sure you check us out on the web at RobMcNealy.com.

Doug Pepe – Mango Farm/GW Law
Thanks, Rob.

Episode Links

Audio Interview
Video Interview
Interview Transcript

Paul McNeal – The Crypto Curator Transcript

Paul McNealy - The Crypto Curator

Note: This transcript was automatically generated by artificial intelligence (AI) and therefore typos may be present.

Rob McNealy
Today I am talking to Paul McNeal. He is The Crypto Curator and an evangelist about Bitcoin. We’ve been connected on social media for some time now and I find his tweets are very interesting and sometimes even a little bit controversial. So I’d like to welcome the show. How are you today, Paul?

Paul McNeal -The Crypto Curator
I’m doing well. How are you?

Rob McNealy
Good. What’s going on today?

Paul McNeal -The Crypto Curator
Yeah, you know, it’s just another wonderful day in the world of Bitcoin.

Rob McNealy
Seems like every day something’s happening in Bitcoin and crypto in general. So for kind of jump into all that stuff. Tell us a little bit about yourself. How did you get into crypto

Paul McNeal -The Crypto Curator
Sure, um, well, I won’t go back too far but I served in the military for 10 years, served onboard submarines, three of them enjoyed that left that and then I went to work for the government as a government contractor did that for a little bit left that went and started a business with a friend of mine. That’s what got me into the world of entrepreneurship. built that with him for a little while, then made an exit out of that and then started selling it consulting and it was during IT consulting where I learned about Bitcoin Of course it was across Twitter believe it was trace Mayor that I came across and after hearing about it I was just fascinated and so I kept following kept following it and the more you follow it The deeper the down the rabbit hole you go. And so after that I was hooked.

Rob McNealy
So did you when you were working in submarines did you work with cryptography in any way?

Paul McNeal -The Crypto Curator
Actually, I did. I was a submarine radium and onboard three nuclear power subs and as a radium in our communications person we encrypted All of our communication so little different than the crypto most people here today in Bitcoin but as these little strips of pieces of paper that we would pull through devices that would encrypt the communication. And so I was familiar with encryption from that perspective when I was in the military.

Rob McNealy
So would you say the most interesting thing about crypto is for you personally?

Paul McNeal -The Crypto Curator
Yeah, the most interesting thing I found about it is and I had come across this actually didn’t realize it back in the day when PGP first came around and understanding how to do the PGP on email and things like that. But what I’ve come to find out and learn about and that I appreciate is that it allows us to have control over our information and our communication, which in today’s world, because it is so much of it is done online. There’s a need a deep need for that type of encryption privacy. So I’ve learned that you know, it allows me to take control back over my information.

Rob McNealy
And you know, you’ve been doing some interesting experiments with that recently yourself. And you and I talked about this a little bit before, you know, off the air. But you’ve recently done something very interesting that I can’t fathom how you’re doing it. So tell us a little bit about that.

Paul McNeal -The Crypto Curator
Yes. So it happened late, late last year, a couple months before the year ended, I got to paying attention to just my normal activities online and things and I was noticing that I was communicating more on messaging platforms than I was email, I would check in on emails and I have like three or four email accounts and I’ve logged in and I was delete, delete, delete, delete, and I was like, why am I even logging an email anymore? And then it dawned on me and it’s probably some back subliminal messaging I Alex machine ski is voices in my head. And he was talking about doing for money, what he did for voice Voice over IP money becoming money over IP, and then he used the term streaming money and then I got to thinking, wow, streaming communication. And I was like, why are we still using email when we could be using messaging. And so I’ve made the decision to stop using email. And then at 2020. I said, I don’t want to use email at all I really want to check in. I just want to use messaging. So I’ve been in that process right now.

Rob McNealy
So how’s it going so far?

Paul McNeal -The Crypto Curator
So far, there are bumps, I learned a big bump, and I found it interesting. And again, this is what really sets off the spidey senses for you can’t have a mobile device without an email. I tried deleting my Gmail off my Android phone and it went berserk and I was like, whoa, wait a minute. So I’m starting to find out now same thing goes for iPhone. I’m certain if you were to pull your Apple ID your which is your email address away from your phone. I think your phone would not allow you to do certain things. So I’m starting to find that that’s going to be a major hurdle in completely disconnecting those accounts, so I can’t complain. Disconnect mom to check them, but I can’t disconnect them for that reason.

Rob McNealy
Well, I can tell you the one Apple device that I currently still have when I don’t have that user ID and and it freaks out. So yeah, I think you’re right on that. There is a new phone supposedly coming out, I think pretty soon Have you heard of it called the Libra phone. And it’s a new, completely supposedly privacy oriented type of hardware device that’s supposed to be coming out on the market. And I’m actually very interested in some of that new technology where people are allowing people to, you know, create devices that are taking away that power back from you know, basically it’s Google and Apple at this point. And so it’s something I’m very interested in. And though I don’t understand how you can completely delete yourself from email because I would have a very difficult time with it. I can tell you I’ve recently gone through this purging process. process where I noticed just in the last six weeks or so I started paying attention to my ad my own, you know mailboxes in some of my accounts. And I had over 50,000 emails that I deleted out of my various email accounts. And now I’m going through this process where I’m unsubscribing to every single mailing list that I’m on and my inbox is away quiet or now, and not as annoying because I was getting I was getting about 100 different messages a day that weren’t spam. But they were updates from this mailing list to that mailing list, and it did start becoming overwhelming to me. And so I can understand where you’re coming from with this wanting to delete email altogether, because I swear if I think I could get rid of that I would.

Paul McNeal -The Crypto Curator
Yeah, I think a lot of people would have talked to a lot of people and they’ve told me the same thing, and I do you know, I’m I’m not trying to pretend like this is going to be an easy process because this is going to be difficult. Because I was talking to a friend of mine, he has a system that he uses emails and it follows emails, high retrieves information, his whole workflow is built around and I get it, right, mine is a little bit easier because I’m an independent guy work for myself, I don’t have to, and I don’t per se have clients. So I found that most people that I interact with, are open to interacting on these messaging platforms via email. So I found though a lot of people when I tell them not using email, and can you use one of the messaging platforms, most people have them already. So it’s not a big stretch for me to ask them to communicate via telegram or a messenger or, you know, whatever the platform is.

Rob McNealy
Have you found one particular messaging app that at least gives you more control over your privacy than say over something offered by Facebook or Google?

Paul McNeal -The Crypto Curator
Yeah, there’s three of them in particular, the fourth ones, you have to do a trick. So key based IO, which A lot of people, they check it out. I know it’s another platform, but it’s it’s a cross between like a slack, a telegram and a Venmo. That messaging app allows me to do text, voice or even video and I began to use that platform a lot. And that’s a blockchain based platform, completely decentralized. It does have a central authority that built the platform, but it is private and all the information is yours. signal is another great one. That one is actually endorsed by Edward Snowden. And that one doesn’t have any back doors to the NSA. It’s actually not based in the US is based in Sweden, I believe are Switzerland, sorry that Sweden, Switzerland. And then wire is another and then telegram and of course telegram is private has encryption, but you have to do a secret chat in order for it to be completely encrypted from NSA.

Rob McNealy
Well, I’m on multiple of the platforms that you just mentioned before and I am kind of looking at some of the other different platforms that I’m not using right now what I find the problem is, is that is not just me, if I move over, I got to take a whole lot of other people with me to get on one platform and, and you know, running, you know, or at least helping run now, a crypto project, you kind of have to be in the same place, you got to get kind of a critical mass of people and you gotta like, hey, drive them here and say, Hey, we’re all on five different platforms. Now you gotta sign up for all five of these platforms, it kind of gets a little unruly. So I’m not sure the best way at this point to like, deal with all of that. But we are kind of looking at different options that are a little more secure.

Paul McNeal -The Crypto Curator
I agree. And that is going to be one of the headaches as we move forward. And I’m wondering if someone’s going to build some type of a standard that allows you to have a unified platform that allows you to do and pull in all the other ones. I’m trying to think back. I remember back in the day with the web and when the web first started, people would build these platforms that you could plug several different things into one and eight pulls it all into one. So I don’t know if we’re going to see that with communication, but it is going to be an issue with some people been on so many different platforms.

Rob McNealy
Well, there was one called I think back in the day from the social media side of things called friendfeed. And what ultimately happened they got bought out and they kind of killed it. But one of the things that it was the point of it was that it was trying to consolidate all the feeds from the different social media accounts in one place. Because everybody’s got multiple footprints right? But what ultimately killed that I think that concept of these you know, social media aggregators is that all the platforms didn’t want to give API access the the platforms want people on their platform, they want to hold those eyeballs because their their revenue models are dependent on those eyeballs staying on their platforms. So in one thing and or one perspective, it’s a really great idea to maybe open those API’s up and allow people to, you know, be off your platform, but On the other hand, they don’t want to give up that power. So I think it’s interesting going forward where these things will end up panning out. You know, in social media, at least network effects are real thing. There’s all sorts of alternative meet, you know, there’s all sorts of alternative platforms out there for all the different social media platforms. But none of them are really getting any traction, just from the standpoint is that the eyeballs aren’t there? And what do you think about that? Where do you think the future is going to be with these different platforms and the way the social media world and tech world has treated privacy and free speech? issues like that?

Paul McNeal -The Crypto Curator
Yeah, you know, I definitely agree with you. That’s part of the challenge. Everybody wants access. Now, what I think could change that is if we do shift to platforms, and unfortunately I mentioned this earlier in the periscope, the idea on Twitter, free has really damaged us because things are free. We Use them. And we don’t realize free doesn’t mean free free means free for you to use, but you’re doing it at a price. And that price that you’re paying currently is much higher than it would be if you paid dollars for it. So unfortunately, I think these platforms will have to monetize by charging people to use them. And I think that’s going to help with some of the consolidation of which platforms people choose to use. But in addition to that, I think once we do that, then hopefully we can get strong enough encryption put in place that if you’re interacting with these platforms, those platforms really don’t care if you stay on their platform, because you’re either paying for it, but they’re really not getting access to any of your information. Anyway, the only reason people want you on their platform so they can monetize it, by your being free. But if it’s not free, and they’re paying and you’re paying to use it, it really doesn’t matter at that point, I’m assuming.

Rob McNealy
I think there’s going to be a tipping point probably in the next five years. About people wanting to either have more control over their data, their privacy, but I think there’s going to be more of a push, especially from social media content creators about getting bigger revenue shares. And I think that’s going to open up. I think it’s going to open up an opportunity, as the big tech giants keep basically cutting out and ostracizing and alienating certain communities on their platforms, and D monetizing people that will start putting pushing more and more people to other platforms. And I think there’s going to be a point where the tech industry in Silicon Valley basically makes itself irrelevant. If they keep going in the direction they’re going right now, what do you think?

Paul McNeal -The Crypto Curator
Yeah, exactly. And, and I think we’re going to see and I’m early on this, but I think that Facebook has done a good job at putting its tentacles in several areas, and it’s smart for them because that means that they have a better chance of surviving. Facebook, I’ve noticed I’m moving myself off of Facebook, I sent out messages to my entire network at about like 1400. Folks, most of those people I hadn’t really interacted with in a long time. And I told him I had several criteria for people that I would unfriend and get rid of people that have I hadn’t spoken to you in over a year, right. And that means literally haven’t spoken to you on the phone in person a message I like or something, then you were gone because it didn’t make any sense. And I kept whittling that down. Once I got down to the core, I sent them all a message says, Hey, listen, I’m going to stop using Facebook in 2020. But here’s how you can get in contact with me. Here’s my phone number. And I’ll be on these other platforms if you like to communicate. I think you’re going to see these large platforms like a Google like Facebook slowly dwindle down and usage because people will wake up hopefully more to privacy and that or they will have to try to try and shift their models and trying to shift that model from where they are now can be very hard to So it’s going to be interesting. I don’t have any definitive, but I know for myself and I know many others are slowly making that transition off of some of these platforms. And if that continues, it’ll be a slow progression, but I think they’ll have to change.

Rob McNealy
Yeah, I don’t think it’s going to be abrupt. Just because the networking effect and the inertia that they have, it’s going to take time. What I do think, though, is that when they get they’re so locked into having that power, that centralized control, and I view it a lot like government, these big massive corporations, once they go down a path, they won’t stop even though they know what they’re doing isn’t going to last they can see the handwriting on the wall, but because of their inertia, and they’re kind of blinded almost by it, that they won’t adapt. And and I believe over time, it will be the downfall of a lot of those large mega corporations and it won’t be overnight. It They’ll be, you know, they’ll lose a different community here in another community there. And, and, and they’ll just kind of kind of dwindled down to my space at some point. You know, it’s just I don’t think it’s going to be abrupt. It but I do think it’s going to happen. And I think it’s like this. You know, you’ve seen recently, you know, jack Dorsey from Twitter talking about how he wants to create, you know, some kind of standard, and he wants to pick and choose who’s on this little, you know, basically, committee project. And I tell people look, if he wanted to make Twitter for a bastion of free space or free speech, he would do it in a minute. He could he has the power to do that. Now, the problem is, he has no incentive to do it. And in fact, I don’t believe that people give up power willingly, typically. And I think for things like Twitter or some of these other platforms for them to adapt, they have to give up power. But I think ultimately, if they are not willing to give up our they’re not going to survive.

Paul McNeal -The Crypto Curator
Correct, and I think jack Dorsey is a great example. Because what he’s currently doing and if he is successful, and I think he’s forward thinking enough that he created his square crypto group, and that they want to work on Bitcoin, and he’s trying to move into the decentralized realm, he will definitely be ahead of the pack. And I think we’re going to see the rest of these big behemoths have to make the same type of a shift. It is definitely going to be tricky for them to do so. And what you said is true. Are people willing to give up power? That’s something that spans across everything, and I agree with you, people are not willing to give up power. But I think that, unfortunately, the more they try to hold on to that power, the more they’re going to lose it. The way you keep power is that you got to give it away. If you don’t give it away, you will lose it.

Rob McNealy
Yeah, I think that’s going to be an issue and it’ll be interesting to see how it pans out and it’ll be also in Interesting to see how the crypto space pans out long term. You know, I’m not a maximalist on any project. I’m a maximalist on my project, from the standpoint that I really believe in what I’m working on. But I think it’s going to be interesting how things shift out in crypto over the next couple of years. I think that the big players in crypto, there’s a good shot that a lot of the big players currently are going to lose their standing over the next couple of years because I think how people are going to evaluate crypto products is going to change dramatically.

Paul McNeal -The Crypto Curator
Yeah, you know, that’s interesting. I haven’t done it. I probably should have done it before this call but I think it was maybe last year middle of last year. I was curious, I said, I want to know and I’m sure you might have heard this website is called wayback machine. You go back in time. So I did that with coin market cap and I was shocked to find four assets remain at the top. That’s 10 years for assets remain the top some of these projects I agree with Few they won’t but I’m seeing that even through time and that’s years upon years upon years they remain. bitcoins remain number one a theorem for the most part remains number two repple remains number three there was one point where ripple flipped a theorem, but it was briefly and then number four of course now it’s be cash or at the time and be cash wasn’t in existence I forget, which was like the main one that stayed number four, but the Litecoin

Rob McNealy
Hmm, I think it was like Litecoin.

Paul McNeal -The Crypto Curator
I thank you. Thank you. You’re absolutely right. It was like when Litecoin has now shifted because of tether and because of the cash those two supplanted like coin into like coins. But But yeah, I mean, it’s so some of these other projects. And even if we look at the top 10 and I might even do that after this call. Go back and look at the top 10 take a screenshot and see where those assets are. I tell somebody if the project’s have a pretty solid team, if they have a good development of the actual product. And they’ve started to get adoption, I think those projects will remain. But if you have zero adoption, your product is not really even built out and your team is feres, you’re not going to stay.

Rob McNealy
I think going forward, what we’re going to find is the kryptos that actually have customers. And what I mean by customers is not what most people mean when they say users. I’m a heretic when it comes to crypto because I don’t believe that investors are users. And most of the people in the big project say, well, we have this many users and I’m like, No, you don’t you have investors, you have speculators. And guess what, right now? No, kryptos actually have people really in any large amounts, people using their crypto for buying and selling goods or services, any of them not Bitcoin, Litecoin none of them. And to me, whoever cracks that nut, whoever gets it, their crypto actually being used for buying and selling goods and services will unleash on massive change in how crypto products are evaluated. And I believe when that happens, the kryptos that actually have customers are the ones are going to be winning.

Paul McNeal -The Crypto Curator
I agree. I can’t I can’t. I was like you said, No, no mass adoption. But there are several projects where people do use them here in the US, probably not much around the world in developing countries. I think they do dash has got a very user user user base down in Venezuela. I think they’ve done some projects there. I know the Iota project is working. And I know some big auto manufacturers are beginning to use Iota with their cars. And I think we’re going to see the automobile industry become one of the leading adopters of digital assets because they’re going to use it for car to car payment. And that’s being built out and I think we’re going to start to see some adoption in that going forward. So but I agree with you, until you get actual customers using it paying with it. You can forget it. It’s not

Rob McNealy
Yeah, yeah, that’s what’s going to happen and and i look at projects not even because of their market cap, though most people look at market cap is the number one indicator of how successful project is. And unfortunately, market cap can change very rapidly, because it’s all based on emotion. It’s not being based on fundamentals. And I think things are going to change a lot in the next two years in crypto. That’s what I take. So that’s my take. And I think what you’re going to see is a lot of these crypto products, we still that we’re part of that Ico kind of nonsense from two years ago, there’s still a lot of those Ico tokens that are dead that are still on the top 100 coin market cap. And you start going down the list of these projects, there’s still a lot of dead tokens, essentially, are dead projects still all over the trackers that still have large market caps, but they’re completely dead. And I think what’s going to end up happening is at some point, someone’s going to have to stick a fork in and say it’s done, get it off the list. And that’s going to happened at some point. But I think the projects that customers that are actually using buying and selling goods or services are going to, they’re going to shatter and skyrocket when people start going, Hey, you know what? having actual people using this for its intended purpose is kind of a big deal and kind of important, why we look at that. And I, you know, I was looking down the list of some big projects recently, I do a lot of research and other projects. Because I want to know, what makes them tick. Why are they considered popular when they don’t even have customers? And it’s interesting, if you go look at almost every major project out there, they don’t have anybody in a way on the team that can get out there project and they’re not even structured to sales, marketing or business development. None of them. There’s pretty much none of you look at any of the team pages on the top 100 Top 200 a queen market cap or queen Gecko and look at the team pages for the projects and show me how many people are on that team. have sales, marketing, business development, not even authority, but that’s their, that’s their task. And they don’t have it. So tell me this, I don’t believe as as an entrepreneur and someone who’s done a lot of sales and business development marketing, I don’t believe you’re going to get mass adoption of any crypto unless you have a marketing business development strategy to put your crypto in the hands of end users.

Paul McNeal -The Crypto Curator
Yep. Again, I would I would agree with you the only thing that I think that might change that might alter that is the geopolitical area and the economy, the global economy. I think those two things if things heat up and we saw a little bit of it with Bitcoin, but again, it’s still speculation. It’s not anything about adoption. But I think that if there comes a point to where privacy is really again, being hampered and people are looking for a way out and they’re looking for escape out, they will adopt these techniques. Jeez to help them and I watched to their watched one interview and listen to another one. The CEO of beam with Jeffrey from uptrend and bad crypto with fluffy pony. And again, they’re talking about privacy in these privacy coins. Is there a true application for them other than nefarious reasons? And right now today, like I said, No, but if you let things blow up on the geopolitical stage, or you let the economy begin to really tank hard, that I think we might see some adoption.

Rob McNealy
Well, I would say that privacy is a very big deal. And it will be a very big deal when people start realizing that it’s easy to figure out how much someone how much money someone has, or if you’re a retailer how much money your competitor and your competitor has. So I absolutely think that privacy coins will be an issue and they’re not an issue now, because no one’s actually using them. And or using crypto and I would say the same thing goes for taxes. I think the Number one objective retailers will have when it comes to accepting crypto will be the tax implications and the accounting nightmare associated with the currently under US law. However, you don’t hear that objection really being brought up very much because no one’s accepting crypto. Yet it’s not happening. And I can tell you, I used to own brick and mortar store, I’ve set up my own point of sale. And I can tell you, I understand the accounting and the tax nightmare of dealing with it. And I can tell you, that will be one of the biggest objectives or objections that retailers have, but you don’t hear that complaint out there because people aren’t using crypto yet. And and I know that’s a heretic, or heretical statement that I’m making, but it’s a fact. And I think once the retailer’s start getting wind of understanding how much of a pain in the ass it is, they’re not going to want to use it unless crypto solves a really, really big problem. For them, and for most retailers, right now crypto does not solve a problem for them, it actually gives them a lot of problems.

Paul McNeal -The Crypto Curator
Right? Now what will change the game, it’ll be interesting to see will be backed, right. So backed has a very robust roadmap that they are going to implement the first they’ve already implemented, which was the warehousing of digital assets. The next one, of course, there’s the options and the futures and the ETF features. And then after that, I think we will see them begin to shift their attention toward commerce, and that’s where the Starbucks and Microsoft their partnerships are going to be key. And what are they working on that they’re going to roll out? And I told people listen back was under the radar for 15 months. No one brings a word of that project. No one knew they were working on no one had been out of the blue. They came out and they said, we’re working on a platform that’s going to do XYZ and everyone was caught off guard by the people. been working on this for months, probably over a year now, on this Starbucks, Microsoft, whatever platform they’re going to roll out, we will hear an announcement come out soon, indicating that they’re going to roll out a actual product that will accept digital assets at Starbucks, and that I think will be a game changer.

Rob McNealy
I think it will, I think it will be too I think it’s going to be someone who’s actually engaging with retailers and create a situation or product or, you know, present crypto in a way to those retailers that it solves a problem for them, or they think they can make more money from it to overcome the problems associated with implementing crypto right now. And there’s very few projects out there that do that the way we structured today, we structured tossed around that principle to understand that if you’re going to onboard people for mass adoption, you’re going to have to have a sales component marketing component and a customer service component to help bring these people onto the platform. And you got to present crypto to the people where crypto solves a big problem for them. That’s the only place you’re going to get adoption. I don’t think it’s an accident or coincidence that mass adoption hasn’t happened. And the The fact is most crypto products are run by developers that hate sales, marketing, business development. And so to me, if your project is instruction to do those activities and embracing doing those activities, you’re not going to be successful even if your market cap has a lot of investors. I think that’s going to change over the next few years is that once some crypto star King actual customers, whatever those projects are going to quickly upset the apple cart when it comes to market cap.

Paul McNeal -The Crypto Curator
Yep. And you know, the news that they add, I found it interesting and and I think it was in Lw on the value that Daniel Whitmore that posted a tweet about Kelly lafleur. I find it very interesting. She’s now in Congress, and she’s now going to be head of the committee that actually deals with the CFTC and he Asked if that was a conflict of interest. Is that good for the crypto space or all of the above? I find it very interesting that they’ve allowed her Nick Kelly lafleur was the CEO of backed, and she gave up that title and gave it over to and I forgot the gentleman’s name that that replaced her. I know Adam White is going to become, I think President or CEO. But Adam white came from Coinbase. But the reality is, you’re putting some of that stature at the head of the committee that oversees the CFTC. Come on, seriously. I don’t know. I smell something cooking. I don’t know what’s cooking, but something’s cooking.

Rob McNealy
Yeah, I think it’s going to be interesting in the United States, especially with the regulatory stuff that’s coming out. The good thing is where we’re going to be falling out in the as far as I can tell, by definition and the way we launch we’re got we’re going to be a commodity we’re not actually going to be considered and regulated as a crypto under what the CFTC and the SEC are coming up with four definitions and they’re defining the city. Based on basically how they were launched if something security or commodity or what have you. So it’ll it’ll be interesting to see how that plays out from a regulatory perspective. Right now, though, I think the IRS is a much bigger issue than the securities exchange commission when it comes to crypto. And again, that goes back to I don’t believe people are complaining about the head because it’s not creating the problem for most people, because most retailers don’t accept crypto yet. But I do believe that the IRS rules are a worse fit for digital assets than the SEC rules are.

Paul McNeal -The Crypto Curator
I agree, and that’s why the token taxonomy act is moving to Congress right now. And I think that once that gets moved to Congress, if it gets approved, and I think it has a good shot at getting approved, because I think there’s members of Congress that have an interest to make sure it gets approved, because they’re part of it as well. That has a de minimis rule that says that, hey, listen, you can spend six 700 bucks of crypto a day and you don’t have to report that as taxes. You can use it as Currency when that happens, like I actually had an interview last week, and I told them the exact same thing. They were like, why don’t you use crypto in your daily life? I’m like, because I’m not gonna pay the taxes on spending crypto makes no sense. But the moment that rule comes out and I can now use it, heck, I’ll use crypto to spend for everything. I’ll pay utilities with it, how buy things in the store with that I’ll do everything with it, because I can without getting taxed. But right now, you’re not going to tax me. You know, capital gains tax on crypto, my use on purposes doesn’t make sense.

Rob McNealy
Absolutely. And I think that’s something needs to be addressed. And what bothers me a little bit is that the organization’s these crypto projects that did illegal Icos and got a slap on the wrist, the ones that have the tremendous amount of money in the bank, right now, are not hiring the lobbyists to make this happen.

Paul McNeal -The Crypto Curator
Right.

Rob McNealy
And that doesn’t make any sense to me if they really believe in the crypto future and they really believe that these things will happen. Do they can spend a few minutes bucks in get every vote, they need to pass some legislation, like the token taxonomy act, but you’re not seeing that. And that, to me is surprising, because those projects, the ones that have a lot to benefit, you know, if people, you know, can get the regulations change there, it will absolutely help adoption. But if you go look at even the biggest projects, they don’t have sales and marketing people, you know, go look at a theorem, who’s their sales and marketing people, they don’t have them. So, you know, they’re not really thinking about it. But the problem is, they’re not talking to customers. And ultimately, if you talk to customers like I do, where I go talk to retailers, because I view the retailer’s as our customer, and you go talk to those retailers about their pain points and the things that they are interested in or the things that they’re not interested in, you have a very clear picture of what you need to do with crypto to make it so those retailers will adopt it. And I don’t see any of that happening from the big major products out there like a theory of EOS or blockstream or any of those organizations.

Paul McNeal -The Crypto Curator
Yeah, the only organization I think that might be putting the lobbying arm in place is the digital Chamber of Commerce. I think they published something maybe middle of last year, maybe early last year talking about putting in a lobbying arm and I don’t know if Queen center teamed them with them and coin base or whatever. But I know for a fact i think i think they did. I’ll look that up. But I think that the digital Chamber of Commerce has put in place a lobbying arm to work with Congress on this, but I’m not. I don’t know that for certain I think they’re, well.

Rob McNealy
I hope they do and I hope they deal with the IRS thing more so than the SEC thing. Because if you look at so far, all the people that are talking about crypto and the regulations, everything stemmed around securities offerings, rather than taxing and to me the taxing issues more important and far more important, and I’m, I’m not a securities attorney, but I’ve looked at a lot of securities laws and a lot of rules and regulations. And to me, the security last mostly fit, to be honest. And that’s why we launched the way we did. We didn’t Do an Ico we didn’t do a token sale. We never sold tokens or coins. We didn’t collect personal information when when people went to our faucets and got our supply, and we did so so we weren’t a security. And you know what, it only took me a couple weeks of reading up on things and talking to a few attorneys to figure out that the utility token thing was nonsense. And so, but the IRS, that’s a bigger problem, because I know a lot about taxes too, because I do a lot of my own bookkeeping and stuff. And so yeah, I think the tax thing is the much bigger problem. And I can tell you this, I’m reading right now. taxation and I don’t even understand how the miners deal with it, you know, we just set up block producers for task, and it gets it pays out, like every day a little bit, you know, and it’s like, oh, I don’t even want to deal with the taxes. I’m dealing with this because it’s a big thing. It’s a big pain and and then you get into retailers, and then trying to figure out all that kind of stuff with how the retailers have to track this stuff. That’s a big pain too. And so if you We’re not going and trying to hold the hand of a retailer and you want them to use your project. I just don’t see a doubt. I don’t see any desire for retailers to go through all the headache, because there’s no really no upside for, because for the most part, there’s not that many people that want to pay in crypto at this point, either.

Paul McNeal -The Crypto Curator
No, there’s not. And that is chicken with chicken in the egg situation. You know, I think if there are more places that they would and it was an tax on it, then you would be there. But at the same time, I think that if you know, if the users really there, then the retailers would be motivated to do it and the users not there. So chicken take

Rob McNealy
that. Absolutely. So what do you think’s going to happen by the end of 2020? What would be your big predictions for the industry going forward this year?

Paul McNeal -The Crypto Curator
Yeah, couple of them. So of course price and everybody’s, you know, wondering what’s going to happen with price I think this having coming up in April of May. It’s going to have an impact and I think that impact will be like the two previous Things that we had, I think we will see a surge in the price of digital assets across the board. I think there will be an old season that will happen. And I think that that’s going to also push up. And I think bitcoins dominance, of course, is approaching 70%. But I think that we will see that equalize out. And I think it will lose dominance to some of the old coins moving up as this old season happens. So direct prices on it, who knows? I mean, I’ve seen now I’ll tell you because I collect all the news. And I look at all the news all the time, both technical analysis, price analysis, I think most people who are fair minded trying to look at this right, you know, getting back to all time highs 20 K, by the end of the year, reasonable. You know, maybe we’ll get to 4050 K, maybe Maybe, maybe not. Anything above that out of the out of the question, if you asked me. When you look at the technology itself, blockchain technology, I think you’re going to see a lot of development happen with a lot of the projects and the ones that I’m seeing again in the news all the time, they’re always there. And I even said, I know it will shoot me for your brain and stuff first. But Tron I’m telling you, it’s in the news every day. It’s not a day goes by my brief goes out that runs and I mentioned, tron chain link cardano I Oda. These projects are Ethereum is constantly changing. There was an article the other day about a theorem. Some of your largest enterprises are using a theorem. And actually one of them was talking about using the public chain instead of a private chain for a project. And so that goes again to show that I think it’s going to be like the internet and the internet. When they first came out. Everyone was all we’ve got to be having an intranet, and eventually that just dispelled and everybody was on the internet. I think the same things that happened with the public private within the Digital Asset space, I think you’re going to see a lot of people try to do these private chains, but eventually going to find out it’s nothing more than a glorified database. Less Move it all to the public chain, where there’s real security and yada, yada. Now you will need something like z k snarks for changing privacy and things like that. But I think that’s going to get solved. So projects will continue to develop, I think, to innovate and move toward the end of 2020. I think we’re going to be surprised at which projects take off.

Rob McNealy
Very cool. Paul, where can people find out more about you since they can’t email you?

Paul McNeal -The Crypto Curator
Well, my website, the crypto curator is the easiest way. And once you’re on the crypto curator, you have links to all the places whether I’m on Twitter or telegram, or YouTube or action on YouTube, key base, things like that. But yeah, if they get to my website, they can contact me all over the place.

Rob McNealy
Paul, thank you so much for coming on the show D I’ve enjoyed our chat.

Paul McNeal -The Crypto Curator
Hey, thanks, Rob. Thanks for having me on.

Episode Links

Audio Interview
Video Interview
Interview Transcript

Amina Motala – Cryptocurrency Influencer Transcript

Amina Motala - Cryptocurrency Influencer

Note: This transcript was automatically generated by artificial intelligence (AI) and therefore typos may be present.

Rob McNealy
Today I am talking to Amina Mottola. She is an influencer in crypto and she’s up north. She’s from Snow Mexico, also known as Canada. So I’d like to welcome to the show Mina. How are you today?

Amina Motala – Cryptocurrency Influencer
I am well all the way here from Snow Mexico.

Rob McNealy
I love snow Mexicans are some of my favorite peeps. I grew up in the Metro Detroit area. So we used to spend a lot of time in snow Mexico.

Amina Motala – Cryptocurrency Influencer
Nice, very nice.

Rob McNealy
Exactly. So tell us a little bit about yourself. You’ve been in crypto for a while. What kind of what’s haven’t gotten you into crypto and and what kind of things are you working on?

Amina Motala – Cryptocurrency Influencer
Yeah, quick story, my backstory. I loved Bitcoin many many years ago I used to search through the internet found a little documentary talked about Bitcoin and loved it. I saw the value in it wanted it right away. And I don’t know how early that was it was quite early, quite a few quite a few years ago. And I just couldn’t figure out how to buy it I really was quite new to like, as far as high tech went, I knew nothing. I could just function basics on my computer so I couldn’t figure out how to get it and I tried it even typed in how to buy bitcoin and just didn’t understand anything. So took a few years thought about an ATM machine that passed single mom very busy, went back to school very very busy just kept going on and on in 2017 I bought some Bitcoin and needed to learn a lot more became more to curious. And through that I ended up reaching out to the meetup community, started a meetup with somebody else and then ventured off on my own and started doing my own meetup for over two years now. So did it by weekly, not as much as bi weekly now just so busy with everything but yeah, so in through that I joined social media got connected with all kinds of people in the space in and traveling and conferences and building, you know, rapport and reporters and partnerships, and it’s been fun and exciting. So I love it. I really do.

Rob McNealy
So what part of Canada are your meetups held in?.

Amina Motala – Cryptocurrency Influencer
Yeah, so Ottawa, Ontario, which is the capital city of Canada.

Rob McNealy
I like Ottawa actually, you do many, many, many, many moons ago. I used to work in an industry and mana my clients was the RCMP. So okay, been to Ottawa.

Amina Motala – Cryptocurrency Influencer
Yes. Very nice. Did you kill in the winter?

Rob McNealy
You know, I didn’t get up to Nunavut or Iqaluit or in any of those places yeah I’ve definitely been to Canada in the wintertime and I think where I live in Salt Lake is about as far as North as I like to be in the wintertime at this point. Yeah so I can drive to the mountains I live right at the base of the mountain some but you know, I want to go into the cold I don’t like it cold that much. I like having I like the idea of having like two months of winter like.

Amina Motala – Cryptocurrency Influencer
Yeah, I agree with you. I think the winter just so long and it’s it’s such a process everyday living in it so that gets tiring on you and big and heated indoors for so long. Just tires you out. But I just saw recently just a quick side story. Talking about cold therapy and cold water and cold showers and things like that and embracing it. And I’ve been trying that and I’m starting to like it. And it really weird. energizing is really weird. But this is why I paint the ocean so I have a really nice view to to look at.

Rob McNealy
So we lived up in northeast Wyoming for two winters, right in the Black Hills, and we would heated we heated literally with a wood stove for two winters. And I said, that’s it. And up there, you literally have to heat like nine months of the year and no, no, not doing that, again, not doing that again. But I like skiing. I mean, that’s why we moved to Utah, actually. So we ski so that’s why we went to Salt Lake. I like so. Yeah, yeah. So but I like the fact that I can live in the valley. And it’s still pretty, I mean, it’s like in the 40s right now Fahrenheit, so it’s actually pretty nice and not too bad. I don’t like it when it’s negative five degrees every day. That’s just not pleasant for me. So you’ve been working on a few different things. So it sounds like this meetup has grown into other kinds of opportunities for you. Can you tell us a little bit about that?

Amina Motala – Cryptocurrency Influencer
So, uh, what my meetup Yeah, I mean, I really Actually I met a gentleman Jordan Santiago who started a an app called crowd zones which is for micro influencers. So that was really interesting. And I learned a lot through him. He’s pretty knowledgeable in the space and he’s still working on it. I think he’s going live with some part of it or something I’m not even sure I haven’t I’ve lost touch with him now but for February and it’s it’s all about micro influencing and social media and using blockchain as well. So that was really interesting learned a lot. I even got myself a desk at Innovation Center at a time for a little while while he was there, which is a really, I guess, had a quite a name for itself for high tech and government funded building actually. So things like that opportunities like that and just different events and venues and meeting interesting people through the meetup and, and then traveling and getting to know people like Bitcoin, Ben and traveling a lot, did a lot of his meetups and got To meet who I am going to be working with, as well is Dana blocky with coin flip. And they’re really cool coin flip is the ATM Bitcoin ATM machines and he is the second largest in the world. He has about 400 machines. And Daniel’s only 24 years old. So really, really young, energetic, intelligent entrepreneur. And I look forward to doing more work with him because we really want to bring up the machines up to Canada. So that’s, that’s the goal. And I want to assist him with that. So looking forward to doing to working on that further with him. And another project that came to light which I’m really excited about and its relationship that I built up since almost a year now with this person who’s brought me in to working with the corona family. And that is the corona games that they just launched. And I had read their press release last week. So it is an online gaming app with sports fantasy, and trivia, and they’ll be getting into blockchain tech and film production as well. So very excited to work with this family. It is the corona family that owned the beer company. So this is a completely new launch for them. And what’s great about it is there are big players in the in, you know, in their big corporation, they’re a household name. That will be they’ll actually be releasing the press release to the world and, you know, reaching the world’s population. So what’s nice about it is onboarding them into this app and then over time, they can learn about crypto currencies and blockchain so I see a great opportunity to help with adoption With Corona games, so I’m very excited, very excited to, to work with the social media and the marketing with them.

Rob McNealy
So with the corona games, are they going to be rolling up watching games immediately? Or is that something that they’re getting into later on?

Amina Motala – Cryptocurrency Influencer
They will be doing so I can’t I did sign an NDA. I can’t say a whole lot at this point because they are just releasing one thing at a time I wish I could really, but they are going to start unveiling things as they go along. They do have a lot of things lined up really exciting and in in a very different way to they’re going to introduce gaming and trivia in a very new light in a different way that that we know of so and their prizes are, you know, things like paying tuitions off and mortgages off and Disney trips and tours and it’s really quite interesting. They have they have family in mind and it’s a family friendly site. So non violent I say that non violent gimlets gaming and and yeah, so I’m it’s exciting what they have to to offer I can’t wait and then I can hopefully share more.

Rob McNealy
Well, I am certainly looking forward to that. So you’ve been traveling around Canada and the United States and going to conferences and you know, what would you say that the differences are Are there any differences between the the perspective of crypto and the communities down here in the United States versus up in Canada?

Amina Motala – Cryptocurrency Influencer
Differences um, how can I say I mean, I’ve done more because I’ve been to Bitcoin Ben meetups and so where they’re different is Ben does draw a crowd. He does draw quite a few people. So Ottawa, we are a government city, a little more conservative of a city, I would say. Say the interest is not that far different. It’s not that you know that any are more knowledgeable or less knowledgeable or anything like that. I have had meetups where I’ve had 20 to 30 people. I’ve had meetups where I’ve had three people. So I don’t know anybody out there who’s had a similar experience. I’ve heard many things. And I’m sure there has been. And being the bearish market, of course, I would experience having a low number. Lately, I’ve had up to 1012 people the last few meetups. So that’s been very encouraging and really, really great. But I usually had a really good response after a lot of people end up coming up and shaking my hand and thank you, me. So you know, they’re hearing something new, they’re hearing something that might spark an interest inside of them or just give them some hope or light or something. And I see that that’s the kind of feedback that I get back from usually at the end of a meetup. And a lot of times we are sharing there’s other people who are also very savvy in the inner room and we share Share the space and share the information. I always tell everybody you know is not my meetup. It’s all of our so haven’t been to too many different meetups to really compare. But I would say from what I’ve experienced to really, maybe as far as numbers, and only because a lot of them I’ve been to there’s been so many other influencers. So bit of a crowd has been drawn in, but the enthusiasm is the same and the Curiosity is there. And yeah.

Rob McNealy
Do you think the interest is more pertaining to the investment piece of it? Or do you think that the interest seems to come more along the lines of the decentralization technology aspects?

Amina Motala – Cryptocurrency Influencer
I’ve had a lot of both. So you do have a lot of people who are interested in I’ve had the people who are interested in making a quick buck who learned one to trade for instance, we even had people coming in to teach trading for those who were interested and I wanted to learn it just so I understood how it worked and and what people were saying and and determine knology but definitely a lot of people who want to invest who are careful with their money or who went, who were in situations where they needed to. And because there is this community is high tech, a lot of high tech individuals, so who were interested in the blockchain technology itself and a few different people who have had startups or Icos at the time back when Icos were a thing, they would do presentations by meetup to introduce the with their you know, their Ico and their new their new platforms. So quite a mix and a little bit of everything.

Rob McNealy
So as far as the technology goes, You seem to have a good you know, handle on the the tech scene least up in Canada. How many startups you see going on up there? Do you think there’s a really strong you know, tech hub up there as well or do you think that’s more focused down here in the United States or In other parts of the world

Amina Motala – Cryptocurrency Influencer
I think we have a pretty strong Tech Community up here in Ontario itself, not just Ottawa, Toronto is very strong as well. And there is a lot of innovation that goes on up here. Sometimes it surprises me even more than I realize. You know, I I’ve grown up in the Canada area where our high tech hub is and seen a lot over the years. And I would say, I mean, just recently, somebody told me you know, Apple has an office here in Canada, but nobody knows this. So it’s things like that, that I’ll hear of and a lot of creations like smart boards, you know, they’re created. The gentleman’s is living right here in Canada and created the SMART Board and I mean, there’s so many different inventions that have come out of the area, or you know, from Ontario itself. And with with as far as with blockchain or startups, there are a fair number just just gauging it by my own meetup and that I’ve had already a number of them that has come through and seeing them tells me something, you know, because not everyone has reached or found my meetup. And there’s including Montreal is another big city where there’s an active community as well. So I would imagine if I saw that, you know, a handful come through my meetup. And there would have to be quite a few more but to give you an exact number, I really don’t know.

Rob McNealy
So when you’re having people come to your meetups, a new people, what do you think, in general that the crypto community could do better to help introduce people to the technology into the space?

Amina Motala – Cryptocurrency Influencer
What could the crypto community do better as in the crypto community here in Ottawa,

Rob McNealy
Or anywhere in general, like? It seems that there’s a lot of polarized people and opinions out there, but it seems like we don’t do a very good job of bringing new people into the space and I was wondering what do you think we can do to improve that?

Amina Motala – Cryptocurrency Influencer
Hmm? What can we do?

Rob McNealy
See, no prefab questions here.

Amina Motala – Cryptocurrency Influencer
I like it. It’s good because we have to think and you’re making me think. I think it’s important to have education. I mean, this is why I do the meetup. So education is really key at this point. We are so early in it and there is so much to learn being that we are in it so early. So that education factor is what I looked for and what I needed to further into the space and understand it better and just to even invest. So I think if we can reach out to our communities into our meetups or whatever there is going on, definitely go there if you have something you can share. Even if you’re on social media or Facebook or with your friends talk about it talks about your family with your friends, and spread the word usually things are spread by word of mouth. I mean, this is a very valuable way that we grow, you know, whether it be a business or or teaching something. So definitely, I would say education. And if you want to even start a meetup like I did, you don’t have to be the expert. You know, it’s not net. It’s a community effort. And you’d be surprised at the kind of people that would show up and support so.

Rob McNealy
Also, as someone who also does run meetups. Yeah, you’d be very surprised at the kind of weirdos that come to meetups too.

Amina Motala – Cryptocurrency Influencer
Yeah, it can happen.

Rob McNealy
So, I always like to ask kind of questions about people. Do you have an opinion on what Bitcoin will or won’t do around May 20? Which is the havening that everybody keeps talking about? Do you think it’s gonna go crazy or do you think it’s just gonna be a big fizzle?

Amina Motala – Cryptocurrency Influencer
I don’t know. I have no idea. I have no idea but honestly, it’ll probably go a little crazy. And we Whether or not it stays crazy, that’s to be determined, and I’m not going to be the one to predict that. But I would think it would get a little crazy, maybe even just even before it too, so that would be a probably a likely prediction.

Rob McNealy
All right, little bit of crazy, but we don’t know how long it’s crazy. Right. I think that’s a fair. I think that’s a fair assessment. I think that I because, you know, like, ask people that because I have my I have very strong opinions about lots of crypto stuff, right? And I’m kind of a crypto heretic. So I always look at it is, you know, I think because there’s so much FOMO around that, that something’s going to happen just because people think there’s going to be something happening about it. But I don’t know if there’s anything that’s really going to be come out of it just from fundamentally change. I don’t know if it’s going to be something that can be lasting I think they’ll probably be a spike up and you know, running up in the run up, but um, the how long it’s gonna last, but still be wrong. I’m wrong all the time. As my wife, she’ll tell you, I’m wrong all the time. So

Amina Motala – Cryptocurrency Influencer
Sure, we can higher highs and lower lows. I mean, who knows, yeah?

Rob McNealy
Very cool. So, I mean, uh, where can people find out more about you?

Amina Motala – Cryptocurrency Influencer
Sure. So you can find me on Twitter at craft Fluence one. You can find me on LinkedIn, Amina Mottola, you can find me on YouTube. I do have a YouTube channel. You can check out some of my interviews with some of the CEOs of the projects out there. And that’s Amina em on YouTube and also Instagram, Amina Mottola, underscore and Facebook that’s another one too. So my name is everywhere. It’s not hard to find me and for anyone interested in Corona social media marketing, contact me please interested to hear about it. Anyone who’s interested in learning more about social media and marketing. So, yeah, perfect. Go see Corona games.com go check out the site.

Rob McNealy
Go see CoronaGames. com, check out the site and we’re going to have we’ll have all those links posted up on the website at Rob McNealy calm. I mean, thank you so much for coming on the show today. It’s been a fun chat.

Amina Motala – Cryptocurrency Influencer
Thank you very much. I appreciate being here.

Rob McNealy
You have a great day. Thanks for listening folks checks out on the web at RobMcNealy.com.

Episode Links

Audio Interview
Video Interview
Interview Transcript