FM Talk 1065 Podcasts
Beyond the Blockchain 10-8-24 the crew takes a look at white papers, crypto nativity and 3 letter sources
- Welcome to Beyond the Blockchain with Scott Tindall, a discussion of blockchain technology, cryptocurrency, and why it matters to you. - Hey folks, welcome into Beyond the Blockchain. You're on on Tuesday and night, or if you're catching the podcast, we appreciate you listening in. As always, we're joined by Phillip on the board, and we've got the Johnny Gwynn in studio with us, and greetings and citations. - Yeah, and Sierra Catalina won from the New Jersey studios. So, you know, we're covering multiple times on us tonight, as always. - Yep. - You know, it's been an interesting weekend crypto, but also an interesting week in the world. - It's been the way it's been for years. - I'm so tired of unprecedented times. - I'm waiting for unprecedented week. - Yeah, yeah, no. - I actually want a normal vanilla week. - Don't you worry about the people who are like 25 and under that have never experienced adulthood, except for unprecedented times? - Maybe, they will get sensory deprivation, and they just won't feel just, I am just, I can just, it just washes over me. - Good luck on the list. - Maybe that's, we need to, that's why ignorance is-- - I think they're probably more adaptable now. Like, they're definitely more adaptable than we are. - Or, but a lot of them tend to be incredibly sensitive, so we'll say that, one of the younger folks that I deal with on that, 'cause they easily, easily triggered, easily offended. - You seemed a little tricky to speak with the football. - Oh yeah, that was tough. Now, I saw something in my life I never thought I'd see, Alabama losing to Vandy. And by the way, not losing, but getting manhand over it. - Well, I know the simulation has a glitch in it when that happens. - I was trying to give you encouragement, but you're-- - Oh, it's been fun, it's kind of, I turned it around though, 'cause I've been trying to be a casual Alabama fan for quite a while, 'cause I really want to be a casual Alabama fan, but it is fun watching either us turning around, or watching the meltdown, 'cause the meltdown is like, I thought I was a bad fan, tell us in Alabama, talk radio, football radio. Oh, there's people on the ledge, like on the ledge, it's over, it's all over and done with. - One of my favorite thing about your fandom is that you don't really care about any other sports. You don't have one thing, it's not even, I don't even care about basketball, it's just something. - Someone called me, you're not a real fan, I was like, dude, I have one team, one, now I'm in a footballer, nothing else. - You're like, I'm not worried about the Mets and the playoffs, so it's like sports, I don't know, it's even going on, I only know, and because of NIL, I don't even learn to play your names, 'cause they won't even be there next year. - That's fair, yeah, they just, you know, they play four or five games, and if they're not getting the points on, they're not sure. - Right, and I'm a graduate, I mean, you know, it's not like, you know, I got graduated. - You know, so I won't play. - Right, it used to be a bit, I would say, it took up way too much of my time, which it's a lot less now, so. - What about Auburn way back in the distance? - We don't talk about Auburn on a show, we're the Auburn Radio Network. - That's right, this is the Auburn Radio Network. - If people want to get their Auburn updates, they can listen to the beatings live, they don't have to get the recaps from us. (laughing) - As Auburn people, our mantra right now is, can't wait for basketball season. - Yeah, yeah, yeah. - That, and we're pretty good in soccer right now. - All right, are we seriously, are we talking sports on a blockchain show? - I mean, this is the Auburn Radio Network. - Yeah, it's a big year. - No, we're not, we're just knocking it around a little bit. Johnny, I think you've got some updates for us from the Bitcoin world, from the blockchain world when we come back. I'll get some quick ones real quick, 'cause I don't know if you wanna knock it, if you wanna knock some of it down. - SCC's edit again, they've already gone after Binance, they've already gone after Coinbase, and now they sent a Wells Notice to Crypto.com. - I'm kind of believing, like, if you don't get a Wells Notice, you're not legit. - Right, you're not legit, right. Well, and also BlackRock and Bank it's gonna take over anyway, they've already been talking about that, but Crypto.com is not backing down, they're actually counter-suing, which I applaud them for that. And the other thing that thought was fantastic is, a lot of the XTX people who got their Bitcoin and their coin stolen from now, they're getting repaid this week. - 16 billion. - 16 billion. - It's like 14, 16 billion. - Yeah. - And the other thing I thought was fascinating, when we end on this, HBO has a new documentary that says, it will name who Nakamo Satoshi is. - Which you, right? - No. - No way. - Really? - Well, again-- - Well, they say, they say, they're gonna say-- - It's a guy named Peter Ta, well, I'm gonna look it up real quick. Well, it's, I haven't watched it yet. It's, it's, it's, it came out today. I haven't had, we'll talk about it next week, let's talk about it next week. But even everybody who, I would say it's an authority on early days of crypto or all like, this is nonsense, this is a good promotion. - Yeah, not to do. - It's a good marketing, but there's no way they know who this is, 'cause nobody knows. Even the people who should know, don't know who the guy is. - Look, it's-- - Or the lady. - Or the lady, we don't know. Guy or lady, we don't know. - It's a group of people. - It's a three-letter organization. - It's a three-letter organization. - Pick which three letters you want. - I thought they were gonna say CIA. I thought they were gonna-- - I would say NSA first, but yeah. - No, it's a guy that was named, and we'll watch it next week. I bet we all watch it this week, and we'll talk about it next week. - Fair enough. - All right. - We're gonna take a quick break. Now I'll be on the blockchain when we come back. We'll talk more about how the government is involved with creating all the garbage that we deal with. - Oh. (laughs) - Yeah, you didn't know where I was going with that. (laughs) See you in a minute. (upbeat music) - Welcome back to Beyond the Blockchain with Scott Tindall. - If folks welcome back into the show, you're listening to Beyond the Blockchain. Before the break, we were talking a brief bit about this HBO documentary that alleges that they're going to expose the founder of Bitcoin, Satoshi Nakamoto. - Yeah. - Sierra, do you have a theory about this? - I mean, you know what, sure, I'll throw it out there. First of all, I don't think HBO has-- - I'll put you on the spot. - I'll put you on the spot. Sorry, I was just throwing you out there to the wind. - I'm feeling lucky tonight, so I'm just gonna say it. And for our listeners, I'm sorry in advance, but I think that the Satoshi Nakamoto is AGI from the future. (laughs) And I'm sticking with it. - Well, the interesting is Polymarket, which is a blockchain, kind of, well, I've seen it as a betting platform. - Yeah, that's what it is. - They've had a thing where they've been betting on who is Satoshi Nakamoto, and this guy they named named Peter Todd wasn't even on their list. I mean, these are people that know this kind of world. - This guy kind of young, too. - Again, I haven't watched it. I only caught a little piece of this on the way to the show today. I knew it was coming out. I didn't realize it was tonight. So, but like I said, it's on HBO, and I'm sure they'll give a great history of Bitcoin, which is, again, very fascinating. And people, I still remember in 2016, 2017, when I was talking to some people, they just would look at me like, I was talking, like aliens landed in the parking lot, or let's go talk to them. I mean, it was just something that they, I was, look, and I still get mocked by talking not so much anymore, but it's so ingrained in our world and culture now, and now financial markets. It's a huge bit of our financial markets now. It's the future. - Well, I just saw where-- - It's fascinating how quick this has been. - It wasn't BlackRock, but it was one of their competitors just filed for a Ripple ETF. - Ripple. - We're moving far past Bitcoin ETF. - Well, BlackRock is shilling crypto coins. It's not just Bitcoin. It's so it's all over the way. Hey, let me tell you what, and there's also Cardi B has dropped a token, which I'm not a financial expert, but I wouldn't go anywhere new. It's telling me right now that to me, I've gotten the point right to like, oh, I love all these people who are influencers, they was people get involved with this, but now it's gotten to the point where like Trump doing it and Cardi B, I think it delegitimizes the seriousness of-- - There's a difference in blockchain. - I would say there's a difference in a meme coin and a show coin. - Of course. - In a show coin. - Right. - Is there, can you explain? - Well, it's just branding. It's a brand. - I feel like a show coin is going to rug you in three to six months, and a meme coin is going to rug you in. It's going to rug you in two to three years. - Same outcome, different horizon, time horizon. - Yeah, that's what I mean by that. - But here's the thing though, there are people out there who know how to play these things. I'm not saying the founders, I'm not saying the people that pull the rug, but there are still people out there who know how to make money by knowing the shill, when to get in and when to get out. And then I would say, put into, if you do that, put it into things like Bitcoin, put your profits into things like Bitcoin, like gold, like things that are, but it's very risky and you've got to know your game. It's a game of roulette. When you are out there playing with money. - Russian. - All I hear is spin, spin, spin, spin, click. I mean, I used to do, I lost, I made a lot of money real quick, by being very lucky with certain exchanges. You can't even get on in America anymore, if you know what I'm talking about. - Outlaw. - I did very, very, very well, and then all of a sudden, all of a sudden, I did very, very bad and lost it all very quickly, because I am not a trader, and also don't spend every waking second looking at a screen, which you have to do in crypto, 'cause there's no day off, there's no holidays and it's 24/7. - Here's where I'm going with this shill coin and mean coin. Shill coin, someone has an intent and a purpose to rug you as soon as the market gives them the ability to do it. Mean coin, I feel like they're willing to play a little bit longer game before they rug you. That's all I'm saying. - So how long before the Bureau of Technological Control steps in on all of this? - They already have. - It depends on who gets elected, I think. - Yeah, but they already have, I mean, but it's still being traded. It's, there's gonna be more guardrails set up in America. I won't say worldwide, but here's the beauty of the world. If you have a lot of money in an exchange somewhere and it's hidden properly, you can go to the Cayman Islands because it's world. You can, all you have to do is to have 24 words to access an account and draw it out somewhere. - And all you have to do. - And you gotta figure out how to bring those things back into a country. The idea is you might not be able to use it in America, but you can use it somewhere else. - Well, all you need is a VPN to be anywhere else. - Yeah, but I would do it out of the country if I would have had lots of real money. I'm talking real millions and millions and millions. - Wait, who was it that did it under their eyelids? Like, type the 24 of-- - I don't know, that sounds ridiculous to me. Mine is just putting a piece of paper, put it the safe, you know what I mean? But I have no idea who that is. - Did you bring that out? - I think we talked about it one time, but I don't remember the story. Sierra, what were you trying to say? I'm sorry. - Oh, so you can always take a crypto vacation six months in a day. It's a Portugal, and if you stay for exactly six months and one day you are granted temporary citizenship and you can open up a bank account where a cryptocurrency is widely accepted in America and legal. - Well, I also saw where the UAE just made crypto non-taxable. I did not see that. - Crypto in the UAE would do buy. When we say the UAE, we mean Dubai. - Dubai, right, right. - In Dubai is non-taxable. So if you're a crypto native, and let me tell you, I spent a week in Dubai, I don't know what people think about it, but it is a remarkable place. It is like living in the future. It is impressively clean. - It is safe. - It is safe. It is safe. It is full of some of the smartest people from around the world. - But you have to have a lot of money to be there, right? - I don't know that that's true. I think there is a lot of money there. - Absolutely. - I mean, a lot of money to live there. I mean, it seems like it wouldn't be a cheap place to live. - I didn't experience that. I don't know what the price of rent is. - I'm sorry, you know, you went as an attache for a job. - Right, right. That was a purpose. - It was a part of a, yeah. - An operation. - Right. - But I guess I should say, I don't know what it would cost to rent an apartment there. - Yeah, right. But restaurants, bars, daily living didn't seem out of space for a normal big city. - Yeah. - I mean, it wasn't mobile, but it wasn't out of line with New York, Chicago, L.A., somewhere like that. Getting dinner didn't cost you hundreds of dollars. - Gotcha. Well, there's another country, but I don't know what the immigration or the tourist available. But Hungary actually is the country that actually has the statue of Satoshi Nakamoto. - Wow. - Yeah, there's actually a statue. It's a tourist destination now for a lot of Bitcoiners. - Yeah, I would imagine. - But I don't know much about Hungary other than there's a statue there. - I have not been there. - And Erdogan is the president. - Yeah, well, there's that. - And I think that's the guy that, something guy that Trump always brings up all the time about like, you know, nevermind. - Okay, oh, breaking news, 45 seconds ago, Peter Todd denies claims. - Okay, of course you do. - But he's the creator of Bitcoin. - Can you imagine the creator of Bitcoin, how many coins he would have? (laughs) - Yeah, if I was a creator, I'd deny it too. - Well, good. - I just hang out of the waffles. - So the first pizza guy that took Bitcoin for pizza, he agreed to it, was 10,000 Bitcoins. - I think it was two pizzas. - I don't know if that's a lot of Bitcoins. - 10,000 Bitcoin, yep. - Sierra, have you ever-- - 2011. - Do you ever use your Bitcoin to buy anything, or do you just hodle it like the rest of us? - I used the Bitcoin ATM once when they were new, 'cause I thought they were cool, but I totally hold it. - So you bought Bitcoin at 30% fee? - No, you could cash out at the Bitcoin ATM. - Well, and you get your US dollars out. I still don't understand how they did that. - Just to prove you can do it. Well, Peter Todd says he's not the guy. You would think if HBO was gonna release documentary, they would at least get the guy to be on board before release that. I mean, well, it's kind of a-- - I don't think they know, but how Finney was the first recipient? Wonder, just theorizing here. Maybe he's gonna show himself two different wallets. Why not? It's not how Finney probably knows who it is. I think it's a group, though. - Yeah, I always heard it was a encryption team from MIT that was just doing a project, and it became something different than what they thought it was gonna be. - That would seem more realistic than-- - Right, but again, I can't remember where I heard this. I always heard there was three. There was three people in this group that created this encryption project. But again, it's because it's, what's interesting is we're still talking about it. It's still so secretive. - By three, you mean a three-liter agency. - You keep saying that. I don't think our government does things this smart. - Exactly. - I'm sorry, I haven't seen things this. Wow, this is really smart. - Maybe they're retired cryptographers. - I think they were young people just playing around with something and said this would be funny if they actually worked. - My vote is that they definitely were under the age of, let's see, like 23. I feel like they were young dudes. - And very smart encryption people. - I mean, it could've been some chicks too, right? Gotta be young dudes. - And MIT. - I'm pretty sure it could've been some chicks, but just based on like my hacker house experience, it totally was dudes. It was probably some young dudes. They don't really let the chicks in the hacker house. (laughing) - Also, just if you went on odds, there's a lot of dudes in MIT. - Yeah. - There's a lot more dudes than ladies. - It's a dude-ish kind of-- - It's very dude-y. - And the more you get into the-- - The deeper into the computer science. - Yeah, into the tech world. - That's fair. - You're getting smaller and smaller into the world of, that I wouldn't even say they're even humans anymore. They're just like these kind of brains walking around with like meat vessels. - Meat vessels. (laughing) - That's exactly what I wanted to say. (laughing) - But it is something, again, it's amazing. You know, it's around $64,000 now. It's been very stable for the last six months. Institutions, financial institutions are clawing their way into it harder, which is, that makes me more worried. That's when I see more problems coming in, 'cause they're going to, you know, I think that big crash we had a while back was, they orchestrated some shenanigans so they could get in at 20,000 instead of 60,000, yeah. - Well, but two things I'll always say with the ETFs is, ETF money is not money that moves in and out every day. Like you see on people who are crypto trading on exchanges. - No. - ETF money is 401K money, that's going to get parked for a while. - Look, I want to-- - And the more ETFs we get, the more parked money you're going to see inside the ecosystem. - But look, I tell people, don't, again, not a financial analyst, this is not financial advice. - Thank God. - I wouldn't do gold or silver ETFs. Something, forget technical anything, digital anything, because you're not bought, you're the last to get paid if it ever gets called, right? That's not even real, supposedly I've heard gold has been sold a thousand times. - Yeah, you're not holding anything. - There's nothing held, right? So the idea is, and look, and Bitcoin people will tell you, if you don't own your own keys, you don't even have your, you think you have your own Bitcoin, you don't have your own Bitcoin. If you don't have self-custered E-mini, you don't have it in your own wallet off of the block. Wait, is it still on the block or is it off the block when it's in a ledger? - I don't know, it's cold wallet. - The cold wallet, if you don't have that, then they say, that's not really your Bitcoin, that's Coinbase is a Bitcoin. You're just, you think you're holding it. - Oh yeah, if you're storing it on an exchange, that's not your-- - It's like, you might as well be keeping your money in the bank, it's your thing. - I mean, that makes a lot of sense for me because I was at Johnny's house on Friday, and he's got a room, he's got three padlocks on, full of silver bars. - Dude, why would you say that? (laughing) - That's actually not true. (laughing) But if it was, we know where to go for silver bars. Somebody's gonna, I'm kidding, Johnny doesn't do all those silver bars. - Somebody's gonna take it seriously. - I'm gonna find that, wait a minute, this is how I wanna organize them. Scott and I were talking about trading card, he gave me as a gift to a friend of ours that was there, I couldn't even find the dang trading card. So yeah, oh yeah, I got this room that's got-- - Oh my, you know, all my treasures in one room. - I got lost, I still got lost, the whole thing. - Oh, nice. - That's beautiful. He gave me a thing of a lost card. - There you go, oh my goodness. I am like the trading card Santa Claus. - Well, again, he gave me a six dollar card that turned into a $250 card because of an HBO documentary of the Menendez Brothers. - We need to tell that story after the break. - Okay, all right, there you go. - I think that's a good story. - Okay. - All right, folks, when we come after the break, we're gonna talk about the Menendez Brothers. We're gonna get a little beyond the blockchain fast, but this is gonna be fun, see you in a minute. (upbeat music) (upbeat music) (upbeat music) - Welcome back to Beyond the Blockchain with Scott Tindall. - Hey folks, welcome back into the show. You're listening to Beyond the Blockchain with Philip Sierra Catalina 1 and the Johnny Gwen. I always like to mix it up in which order I introduce you folks because, you know, we're equal opportunity friends here, but we make a good team. - The changes in the one moron, sorry to say. - Yeah, well, don't talk to me about, don't talk about me like that when I'm in the room, Philip. (laughing) - I resemble that remark. (laughing) - Not as much as I do, I'm afraid to say. (laughing) - No, it's all good. All right, Johnny, before the break, we were talking about, so people who listen to this show know sometimes you and I get into collectibles and trading cards. - Very much so. - We get into random stuff. All right. - And I don't have a, this is not behind lot locked doors. - No. - And padlocks and with my silver empire that supposedly I have. (laughing) - You can't even find it. So it doesn't matter. - I don't know where it's in the house somewhere. - Yeah. - So there's a documentary that just came out on Netflix about them and then as brothers. For people that don't remember the story, they were two brothers, four years apart. I think one was like 23, one was like 19, something like that. Anyway, allegedly killed their parents in Beverly Hills. And it becomes like the, it was right after the Rodney King trial. So it was right when like court TV becomes, becomes like this giant enterprise. And the Menendez Brothers trial gets publicized on TV, becomes this giant thing. And Johnny, how does that relate to this story we're now trying to tell about collectibles and the change in what can happen when this card goes from being fairly obscure amongst people that just kind of know it exists to now a Netflix documentary features it. - It's a basketball trading card. - Correct. - NBA Hoops from 1989 with a guy named Mark Jackson. - Not many people were running. - Right. And so what he, obviously he's playing in LA because the reason why the Menendez Brothers are there, they're sitting in the front row of the, you know, courtside seats. - Courtside tickets. - And they're in the picture. And it was, so it's 1989 to the card on Reddit. Some Reddit fan or, you know, user spotted the Menendez Brothers. That was 2018. And it was a 15 cent card that immediately went in a very short time on Reddit to $15. And then Scott and I had talked about, which we like oddity cards. You know, it's like, oh, this has serial killers in it. And Scott, a couple months ago, Scott's a very good gift giver, bought me the card for six or eight dollars, right? - Eight bucks. - Eight bucks. And again, it was a great gift and a smile on my face. And, you know, I put it in the holder. I kept it in the holder. - Less than the price of the McDonald's combo meal. - There you go. Well, this Netflix show, it's called Monsters, the Menendez Brothers story, something like that, comes out. And it's shot to $560 is what this 15 cent card is now worth. Now it's come down since the 25th of September, but it's that crazy thing of pop culture. - Pop culture, man. - Collectible and feeding frenzy. - And the macabre, like-- - Oh, of course, right. - People like serial killer stuff. - 'Cause like not even car collector people are into it now. Now it says weirdos that buy like John Wayne Gacy socks. - John Wayne Gacy crayon coloring things you get in prison. Like there is a weird market for the really dark, dark things out there. But, you know, that's that weird thing of, I almost don't want to throw away anything anymore 'cause you never know, you never know. - So make you check the background for sure. - Well, the whole thing too is don't collect books. They're very heavy. Cards are something you could have millions of cards and it would probably be the boxes of like three book boxes. - My wife might disagree with that, but-- - Sierra also disagrees with them. Do collect books that are wonderful. And they're like, we're not publishing many anymore. Everything is digital, now books are full. - So I will say-- - I'm not saying don't like books and collect books. - I'm just saying if you're going to get a lot of something and collect it, I collect vinyl. I won't do that anymore because they're very heavy. - So one thing I do like to do is go to Good Wills and look for a first edition of modern books. And by modern, I mean like a first edition of Jurassic Park. - There you go, it was a first edition, correct, yes. - By modern, I mean like these are not-- - Right, in the 20th century. - Yeah, like 20th century. - But I bought a first edition of Jurassic Park for two dollars. - Of course. - That I think you could sell online for like $200. - Have you, but I don't want to sell it because-- - Right. - I'm a hoarder. - Well, I made the mistake of selling my Taylor Swift LP that was working so much money. And I sold it for $1,000 and boy, was that a mistake. I think you've worked 10 grand now. - Have you heard of Daniel Suarez? Several different people have called him like the spiritual successor to Michael Crichton. And he's gotten where he switched his books all over to PDF and other files, but he's like a techno guy, but he read a book from him called Damon from 2009 and one now called Influx. He's like Michael Crichton times 10,000. He is-- - Well, I'm interested. - He's talking about like lambda points and changing gravity and, I mean, he'll, you know, and like fluid-- - People don't realize that Michael Crichton wrote "Westworld" in the 70s. - Yeah, in 1974. - Yule Brenner was in the first movie. - Yeah. - So, I mean, it was like, I think that was like 71. - I mean, we were talking about AI bots in the 70s. He also wrote "The Andromeda Train" about the-- - Oh, of course. - "Fire and Srogel." - I can't, aliens. - Well, yeah, well, that's a spoiler, is that true? - Sorry, that not aliens, that was, never mind. I'm not gonna give away the, whatever. - But Michael Crichton, the point is Michael Crichton was genius and ahead of his time. - Yeah, definitely. And let me give you another thing about books real quick. This is a little bit about money. Yes, but I can't believe I tell people this. - You go to an estate sale, okay? I watched this dude who had gloves on and it has glasses perched at the end of his nose. It looked very interesting. He looked like he knew what he was doing and he was shaking books from the, hold the spine, right? - Okay. - Turn the book over and shake the books and then put them back. - That's where the cocaine falls now? - Well, or stock or money or baseball. - Or it's where people hide. - Matter, yes. - People hide their secrets. - And so, and I was like, I said, sir, can I ask you what you're doing? He told me what he was doing. He said, look, estate people don't do this 'cause they're so busy with the big items. They don't even really, they look at first edition stuff like, but they don't do it 'cause I'm not looking for books. I'm looking for what's in the book. And I said, what do you do if, like, say $300 falls out of it? He goes, put the money back in the book and I go back and pay the $8 for the book and then I keep the money and I don't have to tell them what's in it. And so, now when I go to estate sales, I shake them books. - I'm gonna be shaking books for 52 days. - I'm just saying, you know, I'm giving away, you know, look, I doubt I'll see you at the estate sales that we go to, but I'm just saying, that's a little thing. Also, I will tell you, people, and especially in the '60s and '70s, hid a lot of drugs, especially, but you don't want drugs from the '60s or '70s. It's all a bit, like, a lot of things were hidden in vinyl album covers. - Do you think the drugs from the '60s and '70s are better or worse than the gum? - Oh, I wouldn't-- - Than the gum from an '80s pack. - Oh, it would probably taste better. I don't know about the effect I would have from it, but it would probably taste better than that gum from a '70s, a '70s-- - It was '80s. - It was '80s. - It was '80s. - It was '81s. - It was '81s. - Trading card pack. - Trading card pack. - You have to get back to that. - Johnny, you still have a nightmare, so bad. - But look, I like, okay, what I do like is this idea of treasure hunting for things like baseball cards and trading cards and records and estate sales with all that. That's the fun part, don't get me wrong. If you're going out there to say I'm doing it to make a whole lot of money, - You're gonna be disappointed. - They're gonna be very disappointed. That's like being out in the beach with the male detector. - The male detector, yeah. - The trick is to find that fun thing you love or that thing that's like about for $4 and it's worth $40 bucks. - Tell the story about the $65.45 you got the other day. - Oh, okay, again, another thing. This is why you have experts that you go to. - So, a friend of mine brought over a whole bunch of records that he has a cleaning company and the lady said, "I've got all these records, do you want them?" So he brought them to me. Well, they were a lot of gospel and things that weren't really in my genre that I understood and I said, "Well, I got a guy that can look at this, "let me take the box." So I took the box over to Mobile Records over at Sagey Avenue, those guys are fair. - Awesome. - Keith and Nick are fantastic. By the way, they're having a 50 cent sale this week. It's a 50 cent sale all weekend at Mobile Records to Sagey Avenue this weekend. - That's good. - So I took it over there and they went through, and 45s, look, you have to go through a million 45s, and when they pull out a 45 that's a real collectible, it's a real gem. So he's going through all the ones that I thought were at the dirt, right? He goes, he won't look at all of them. So he's going through it, Keith is looking through it, Keith is looking through it, and he looks at this one and he goes, "Oh, and he yells his buddy Nick "and who's his kind of partner?" And he says, "Sheak," and I forget the artist, "Sheak was the label," like it was a 45. It looked like-- - "Sheak is like the-- - The record label, the record label. - Yeah, the label, okay. - I can't remember who the artist was. I didn't even think. And he goes, "Oh, sheak so-and-so-and-so." And the other guy goes, "Orange label or white label?" Immediately, and he goes, "Orange label." He goes, "Ah, 60 bucks, not 300." And I was sitting there going, "You gotta be kidding me." - Yeah, I have a sold to you for a nickel. - Well, I mean, literally, I would put the, give him the whole darn box, but that's what I like about Keith, he's very fair. And he says, "No, no, you stick around and look through these things." But what I, again, I did pull some that were worth 10, a lot of Elvis Presley's, there's a Muddy Waters, a lot of chess record stuff, stuff that I kind of knew are good to gamble with. But I didn't know this small little label, but why it's, I said, Keith, why is this worth $60? And he said, "Small label. Again, all the things that you really wouldn't know unless you were in that business 24/7." And that's a thing that you got to know who to go to. And before you start chucking stuff out, you go and you talk to these people and say, "Will you please take a look at this before I chuck this out?" - I think that's actually a really good pair of little crypto. - Sure. - Do your research and know who to talk to? - Do your research, know who to talk to, know who the experts are, because there's a lot of underrated cryptos that have the opportunity to 10X or more in the upcoming years, which was far more than what you get in a normal investment. - Well, again, it's like knowing who knows, listening to their advice, and what you and Keith have done is that you've built a relationship of trust. And that's what people need. And so-- - And you can do that with crypto by podcast-- - That's right. - By the way, there's a lot of people out there like tokenomics, okay? They have a paid service, but I will tell you, their free podcast will walk you through analytics, will walk you through a lot of their free stuff to get you started. Now, if you really start believing in them, then you can start buying their packages. But the idea is there's many, many podcasts out there that are legit people that are teaching out there. And the other thing is also to always be a student. You know, the thing is, that is what it keep you curious, keep you doing those things. Look, I've been buying records for over 30 years, and I know a subsection of the record collection business. But again, I know who to go to to say, what the heck do I have nothing or do I got something? - Right. - Yeah. - Yeah, I just think that's a wonderful parallel. And I don't think it's a stretch to think of crypto the same way. We're gonna go to a break in a minute. Sierra, when we come back, Johnny and I wanna know, what is your thing that's like us with records and sport cards? So you gotta think about that through the break. We know you're not a hoarder. We know you keep the house clean, but I want you to think about it. - She could be a digital hoarder. - She may be a domain like Domino. - That's right. - Didn't you say a book? - You may be a domain, so you may have, I bet Sierra has 30,000 domains. (laughing) - I went through a phase. - Yes, all right, when we come back from the break, we're gonna find out how many domains Sierra actually owns. I'm beyond the blockchain. (upbeat music) - Welcome back to Beyond the Blockchain. - If it's cool. - We've got Tyndall. - Welcome back to Beyond the Blockchain. We're talking all things blockchain technology, AI, collectibles, everything that we find entertaining at this point. - Johnny, so. - Yes. - You've got your Menendez Brothers card. - Yep. - Are you gonna send it in for grading? - Yeah, I promise it in for grading, but I gotta find it for me before I move. - Oh, it's right next to your giant room of silver bars. - Giant room, yeah, my giant room of silver bars. - Yeah, I think, first of all, I wanna do it just, I've never had a card graded to begin with, and I think I wanna see the process. - It's good experience. - Yeah. - I will give you some tips off here on how you get it prepped. 'Cause there's a prepping process. - Sure. - And there's actually a company out there called Kurtz Card Tools that has been villainized by the industry because you can clean and prep a card. - Oh, right. - And so the argument goes, is that violating the rules or is it no different than cleaning a Renaissance painting and removing the hundreds of years worth of-- - Monk smoke. - Monk smoke. - You know, from the candles. - Monk smoke, that's my name, my next band. (laughing) - There's a great band called Candlemass. - But the same idea, these Renaissance paintings, they were covered with hundreds of years worth of candles from the monasteries and everywhere else, and they cleaned them and they became much more vibrant. - Yeah. - Why is that any different than cleaning a card from because there's a large amount of money behind an industry of collectors doing it? I would be happy to prove it as real. The problem with collectibles is proving the authenticity of something, not if I trim the edges of something. - You know, they say there are more 1986 Michael Jordan fake cards. - Of course. - There are real cards. - So when I did work with Upper Deck, one of the, I think I'm okay with an NDAA. It's been long too long. - It's been a long time. - It's been too long. - You had a, you spent 20 years. - Your attorney cleared it. - Yeah, they literally said that more than half of any merchandise at a trade show, at a conference, a convention, over half of it's fake. Over half of everything you go and buy is a fake merchandise, either signature or game war in Jersey or ball or whatever, it's all fake. - Look, when there's that much money involved, you should expect Tom Foolery involved. - Yeah, Kavi got Emptor, right? - Yeah. - So I saw one was saying Mario Brothers and said something like Italian plumber down at the bottom, if you look really closely. It was like, is it a fake? It was a realistic looking fake. - Sarah, do you have anything in your life as weirdly, bizarrely entertaining? Is what Johnny and I do with his records, my sports cards, or our crossover of murderers who were on sports cards. (laughing) - So I thought really long and hard throughout the break because I want to fit in and be cool, but yeah. I am a minimalist, like there are not many things in my life that I could not walk away from, like at a moment's notice, maybe with the exception of my guitars, but I guess one weird thing that I unintentionally collect, but it comes in handy later, is white papers. So I like to physically print out white papers. I like a tangible copy so I can highlight on them and take notes and write in them. And over the years, I have collected a pretty excessive amount of white papers. - That's why she's so darn smart, I know. Well, I'm thinking now that the next thing is gonna be the anthology of Sierra's white papers with all of her notes in the margins. - Well, maybe one day, if any of the projects that I have white papers for, and there are a lot, ever turn out to be anything, I don't know, tremendously successful, I have like, I guess you could call them first edition. - Yeah, you have the anthology of the white paper notes. So like, when they do that digitally, most companies will use like a change notice system so you can see it, but not all of them, some of them just like overwrite the original. And if you didn't have a hard copy of that, the luck proven, or a PDF, but if you don't have a copy of that, and they just edit it, then it's just changed forever. - Johnny, this sounds far more productive than what you and I did when I get into this course. (laughs) - But again, I've never been known as that. - Well, you're still more fun, I'm boring. I don't like, I have a couple of guitars. - I don't know where we can say it's fun. I would say it's compulsive. - Well, I'm sending out a ton of guitar tablature like off of defunct websites that don't exist anymore, and I've got all this old guitar tablature. I have one where people are like copying it onto ultimate guitar, and I have the original printouts that have the author's name on them. So they removed his email address when they posted it. I have the original printouts from the defunct website showing the author's real name and real address, email address, showing that he was the one that transcribed the guitar and not the people who were claiming it on ultimate guitar. - There should probably be a museum for that, Phil. - I'll tell you, if you're in music, the way you put it in there with my white paper. - Yes, if you end up in doing music at some point, you end up becoming, you end up having a guitar problem. So you have to make money with music or somewhere else to fund your guitar problem. - Oh, for sure. - You have to like, I did that with bass. I had a bass problem. I had nine basses at one time. Nine basses. - What would you, why would you ever need that bass? - Well, I was a stand-up, one was an eight-string bass, one was a short scale, one was a five-string. I mean, I just, I, you know-- - It was like a thing. - I've got nine left handed guitars. - And I had 20 to burn. I mean, I did. I, at that time, was making a lot of money, and it is that thing of, I get to buy this thing and I always, when I was 18 years old. - That makes sense. - Yeah. - And if I'd have kept the darn things, those would have been collectibles by now. - Yes, they are. - What, they're beautiful pieces of art. - Of guitars, yes. - I would consider my guitars art, some of them, not all. - Well, I hang mine on my wall. It's a very affordable, beautiful piece of 3D art. - See how many guitars are currently in your collection? - In my house right now, only three, but because I've downsized over the year, I've actually, I have people that are, really I gave them my guitars, but I did tell them all that like at some point, I might ask for this. - Right. (laughing) - Yeah, this is on loan me. It's like when the Louvre puts something on loan to the man. - It's on loan, right. - Yeah, it's on loan, my friend. - It's like the, you know, the Guggenheim. - Yeah. - You know, it's just on loan. - They loan things. - I do check in on them sometimes. Like a friend of mine has a limited edition fender of mine that is just a really beautiful guitar. It wasn't even super expensive. It's just beautiful and they didn't make that many of them. And he had just broken like two of his guitars and I didn't have a lot of room and that one is bigger and I don't play it that often. So I was like, you can't borrow this, but if you can scratch it up, I'm gonna be super mad. And he sends me pictures from time to time and looks great. - And he's playing it and it's great 'cause I don't have room for it. - So here, how many of these guitars have been played by Taylor Swift on tour? (laughing) - There. (laughing) - I'm just trying to trigger you with this. - So again, I have nine left-handed guitars. - Oh, he's a lefty. - And eight. - Oh, you're a lefty? - Yeah, eight Ibanez, except one of the things, not an Ibanez, but one of them is like an Ibanez fender light guitar, but it just sounds so perfect. There's the best sounding guitar I have. Somehow they accidentally created a masterpiece of a guitar. - So again, one of those things about Ibanez. - If it's an older Ibanez, they did use to make absolutely beautiful. - Oh yeah. - I don't know if they got bought out or what, but I have one in Ibanez. This is also currently under my room. - That was the metal guitar. - Ibanez was the metal guitar. - But it was my dad's. Well, this one's an acoustic and it sounds better like my tailor and better than my Martin. And it was not an experience of good care. - Here we go. We're just getting started. - I bought a very, I bought a short scale bass by Fender called a Mustang, it was a reissue. Nobody wanted it. I bought it for $399. That was 20 years ago. They quit making 'cause nobody bought it. It is worth quadruple what I bought because it became, it became wanted after the fact. And I actually have one. Yeah, it's crazy how much I think it's worth now. We get it. - I own no guitars, but we'll talk about one like three. - That one's restored. So it's not behind my lot door. - I'm on the block screen. (laughing)