All language subtitles for Crypto Episode

It's really a brilliant technology,
but for the common, simple

person, the key thing there is
that you have a money system

without a bank, without the banks.

It's a money system running on computers
without human beings, which is a new

opportunity for a financial system.

So what do

we do, Steve?

Do we need to buy crypto

everybody?

Who's young should be doing it.

How much?

I think the technology, the digital

Hello, sir.

Steve, is it, where are you from Steve?

I'm

a Canadian Canadian where we're from,

uh, let me guess, Alberta.

When trout.

Yeah.

Alberta.

Yeah.

Rocky mountains,

Rocky mountains, I think

Calgary outside of Calgary
towards the mountains.

And

what brings you to Cyprus woman?

A woman.

A woman.

Yeah.

A separate woman.

Maria, 50,

50.

Well, what do you mean?

Yeah.

And you're permanently
living in separate now.

Yeah, man.

It was in a, I met her in Washington
DC cause um, I went to school in,

uh, in Maryland and Washington.

It's right at the it's uh,
the Washington he sees in the

center of, yeah, I know my

sister graduated from
the American university.

Is it?

Yeah.

It's hard DC.

So yeah, so I went to school
and law school in DC and then,

um, I worked there for 10 years
and then I escaped to Cyprus.

Escaped from the heart of
the beast, Washington, DC.

How did you meet

her?

Um, she was working at
the Cypress samosas.

Have you made concerning to you

make

in front of you?

Yeah, she was, uh, she was working
at the Cypress embassy and I had a

law firm downtown and, uh, I met her
at an event and she brought me on

vacation to see Cyprus in, uh, 1999.

And I, I pretty much
fell in love with Cyprus.

Yeah.

You know, it's so nice here.

It's warm, peaceful, it's relaxed.

It was more relaxed.

Then you remember when
you were here back

in 1980s, nineties.

99.

I was wandering to Russia
and I came in 1986.

Yeah.

Okay.

So, you know, you know how it
is, but it was a, those were the

golden days around the year 2000.

It was so nice and Cyprus, everything.

It was middle.

It wasn't so rich.

It was pretty well off.

Total freedom.

Everybody was outside.

All the restaurants, it was
partying, positive energy.

People would take, yeah, there was
a lot of money that people would

take the whole of August off.

You know, now we work like you're like
Americans all through the whole year,

which is really terrible, you know?

I mean, I love it.

I loved that.

It shut down in August.

Cause you couldn't work.

Even if you tried, everybody was off.

What if you are doing what you love to?

I mean, it's not work
at the end of the day.

Yeah.

But that's, uh, that's
what, that's what I do.

What do you do for a living play?

Play what?

Play with technology and projects.

Hey, with

technology, giving me some insights.

I mean, Andrew has told me that

you're into, it's a, you know,
creating just like, um, part of

my background was as a musician
and uh, creating albums a guitar.

Yeah.

How about you

piano.

All right.

And a little bit of Sachs.

All right.

And a

little bit of guitar.

That's cool.

Yeah.

Yeah.

So, you know, just creating
music is good, but, uh, the

closest I can get to that in
work is creating a software apps.

Cause you know, you're,
you're creating, uh,

from clients or

for your own band.

Yeah.

No, just creating our own.

So the, the latest one we did is,
um, the football app, social network,

like, uh, it's like Twitter or better.

It's better than Twitter, but
it's, uh, it's kind of themed

around football, the ponder thing.

Yeah.

I've seen some boot boards.

Was it two years ago?

Four or five years ago on the highway?

Yeah.

There's still up.

I think there's some billboards
still up on the soup.

You got it.

Good memory.

Yeah.

So, um,

I was trying to reach you guys.

I was working for the competition and
one day, while I was driving down the

model way, I saw a Panda and a football.

And I was like, what is that?

And I was trying to find like, you know,
axis some contact details and kudos.

And I said, nevermind.

Yeah.

Yeah.

So, um, yeah, it started here.

So this is shaping up to be a big
social network, you know, with, um,

with any kind of electronic, uh, market
where the it's worldwide potential.

You're looking only at a few indicators.

It's like same in the music industry.

Now, if you have a hit song in one
country, unless it's really niche,

it's likely to go on all the radios
all around the world, you put up a

YouTube video and you have 200 viral.

It's the word

you're looking for.

Yeah.

But ours is already viral
and growing around the world.

And once you get those dynamics
and, um, something like a social

network, it doesn't really stop.

It just keeps going until it hits its,
um, momentum limit, whatever that is.

It's like a closing, a circle of growth.

Yeah, yeah.

For a circle of growth.

Yeah.

And, um, as you can imagine, people
are kind of tired of Facebook.

It's a 20 year old idea.

Right.

I kind of disagree with you.

I mean, I get what you're
saying, but Facebook nowadays

it's like the mainstream thing.

It used to be something new.

Now it's something mainstream.

That's right.

It's 20, you know, it was a
college cool thing 20 years ago,

and now it is mainstream, but
once something becomes mainstream,

everybody looks for something else.

So the young kids jumped off into
Reddit and now a lot of people

are playing around with tic talk
and different kind of things.

But, um, they're a little
bit like toys, you know?

Uh, I think people are also looking for
something more consolidated, you know?

So it happened in electronics
industry and it will happen in

social, um, application industry.

So, uh, you remember there was the iPod
and all these little gadgets, right?

And now we have them all in
one, it eventually happens.

If someone pulls them together,
it puts all the popular things

in one framework, pseudo

Facebook though, Instagram
as the establishment.

I don't know if they're going to be.

Evolving into something different.

And at the same time, I don't
know if they're going to be

like come to end of days.

Yeah.

I, I doubt they'll come to the
end of the days because they

have, um, momentum, momentum.

They have 30,000 employees,
psychologists market strategists,

they had half billion, hundreds

of

hundreds of billions
of dollars promotions.

They can buy new companies
and integrate them in.

So they'll, they'll probably live long.

Um, but there are no longer, um,
it's an old, it's an old idea.

It's a good, it's not
that it's bad idea.

It's just an old idea.

And, um, it's, it's well entrenched,
but, um, Even they're talking about

wishing they were something different.

And what they're wishing is to be
something in the genre that we're

doing, which, uh, there was a
leaked Mark Zuckerberg tape that,

uh, was put up on the internet,
uh, four or five months ago now.

Uh, no, it's still there
that you can find it.

It was, uh, say like leaked Mark
Zuckerberg, private employees meeting.

Yeah.

I'm sure you could find it.

It wasn't anything really damaging.

So I don't think he really cared.

Um, but, um, they, they were
talking about, um, employees

were saying, uh, our brand is
not good or they said it's toxic.

And he disagreed.

He said, no, in certain parts
of the world, we're still hot.

And U S it's toxic.

He's actually right.

He is right.

Yeah.

It's big.

It's becoming it's
big in certain places.

Uh, um, it it's huge.

They haven't,

they haven't even reached out Africa.

I mean, it's a thing from Mark.

Yeah.

China, you know, with
the political stuff.

Yeah.

They're

not going to get anywhere
there, but you're right.

It's a certainly Indonesia,
Instagram, the whole Instagram

game is still not fully played out.

Uh, so, but he was talking that they
wish they could become, uh, community

based, uh, interest groups, you know,
like pages, but bigger centered.

The whole ecosystem is right now
centered around friends and family.

And, uh, that's your feed, right?

Yeah.

Uh, he wants to be centered around
topics and, um, uh, we are a topic

centered social network around
football and that's the biggest.

Community in the world, as
you know, so it's a 3 billion

people watch the world cup.

It's bigger than any religion.

It's bigger than any country.

The group of football
fans, she's a behavior

like that.

I mean, you, you create a username
password, you look in, you

create a profile and then yeah.

And then you do what,

uh, everything that you do in
a social network, you know,

um, share videos, poss yeah.

Everything.

Yeah.

It's very, very powerful.

It's like if you combine Twitter and
Instagram and Reddit and telegram

and Apple pay and Uber eats and
cryptocurrency wallet, uh, and

games and you mix them all together.

That's the football app.

How many users do you, uh, Well from
when we launched in a Cypress in

2019, uh, we've got, uh, let's say,
I don't know, quarter million users.

Um, but the, the numbers isn't really,
when you're, when you're in a early

stage social network, you're actually
looking at, um, how much, um, um,

how, how much retention do you have?

Do they come and go or do they stay?

And our users are staying and
they're staying for 24 minutes per

day, which is a very, very high,

I mean, 24 internet minutes.

It's

a lot, it's like a hit show
of no Netflix per day of time.

Yeah.

And, um, also it grows at.

By itself.

So every month there's 8% more users
than there were the month before.

From where natural users inviting other
users, we don't with no marketing.

It's just growing.

Yep.

Where do you pitch the

most?

Um, well, you know, uh, uh, the it's
the way it's gone now is it's spread

out a Cypress and it started spreading
in 30, 40 other countries by itself.

We don't know how we don't know
why it just started catching

on just that organically.

Yeah.

And then where we see big units
coming up or whether, so we're going

to actually do some real promotions
in UK because it's hard to football.

And also it's an early adopting,
uh, social media network.

Uh, also in Southern California, Los
Angeles and Las Vegas, uh, where we have

strong connections and there's a lot
of college students and there's a lot

of, uh, Latinos who are football mad.

The Americans are also football
crazy, but they're not so up

to speed on the premier league.

Or they're more just see it as one of
20 sports, but the Latinos see it the

way the Cypriots in the Europeans.

See it it's like the sport.

It's like, yeah, they're their,
they're their mental over football.

And they're crazy over cryptocurrency.

So there's 800,000 college
students in Southern California and

they're all cryptocurrency savvy.

So we're combining cryptocurrency
and social networking

and, um, that's unique.

And that means like, uh, right
now, when you stare at the screen

for Facebook or Instagram, Mark
Zuckerberg just keeps getting richer

and richer and richer, like a monster.

You just get bigger
and bigger and crazier.

Um, when you stare at the screen in
the football app and enjoy yourself,

You're getting a share of the
revenue of the network through the

token, through the cryptocurrency,
you earn the token, like a, what do

you mean?

You get like paid
whales theme on the app?

Yeah.

And your content and the app counts

minutes.

No, but you earn points by
playing games, by inviting

users, by winning contests.

If you're active in the app, you win
a lot of points and the points convert

into a cryptocurrency, and then you
can send them no currency calls.

It's TFC, TFC.

the football, corn, the football con.

Yeah.

So that coin is, um, a real
cryptocurrency it's listed on

one of the top tier exchanges.

And, um, it's, uh, it's
starting to get worldwide.

Uh, notoriety now because not
many people it's very easy

to create a cryptocurrency.

You could do it computer.

Yeah.

Any

mind for a month for
a coin, for example,

but even create one, you could create
one, you know, make your own crypto.

The hard part is to get other people to
use it because why would they use yours?

Anybody can create
actually the creep too.

It's like giving value to something that
you create and then create a community

around it and then establish a.

An ecosystem where you can change that
something to get something else from

well said.

Yeah, that's really the heart of it.

You nailed it.

That is what it's about.

It's creating a community of people
who use it and they give it the

value and there has to be mechanisms
and enabling technology so they can

exchange it so they can spend with it.

And there has to be some superpower why
this one is better than another one.

Right.

Steve, let me ask you something for
the non crypto currency savvy people.

Fundamentally what a
cryptocurrency asides, the

few that I just placed on the

table.

Yeah.

So, uh, uh, cryptocurrency is
really a token or just a unit.

That is created on the internet,
a virtual unit that exists on the

internet, but that what's unique
about it is that a network of

computers manages the supply of that.

And then transfer of that.

Who's

behind the computers, people,

algorithms about algorithms.

And this is why people trust it
because it's, um, if you create,

um, like Bitcoin, for example, yeah.

Which everybody's heard of, and
a lot of people have participated

in this is a network of computers.

You could think it's almost like a
AI supercomputer that does a very

simple task, which is managed the
supply of how many of these tokens

can exist because there's only 21
million tokens in the computer.

The computer code isn't built in
an instructed that there's only

this many tokens that can be
created in the, in the market.

So it has a M a, a scarcity.

Inside of it enforced by the computers.

You don't have to trust a person
that there's some seedy guy

behind the scenes that will screw
everybody over and create another

hundred million tokens at the

wrong.

You do not trust the central bank for
issuing more paper and paper and paper.

It's just an algorithm that produces.

Yeah.

Yeah.

You trust a computer program, which is
enforced by computers who are agnostic.

They don't care.

They are non-emotional.

So the computers enforced
the program and the program.

Everybody can see what it says.

You know, they can see what the,
what the rules of the game are and

the game rules can't be changed.

And this is why people trust
the cryptocurrency and why

they don't trust the banks.

The banks make money out of thin air.

They abuse the privilege print,
they print money and as they print

money, Whatever tokens that you
hold of the Euro or the us dollar.

When they print more of them, the
ones you hold become worth less.

They print too many of them.

They become truly worthless.

My question is, is China, Russia.

And the States of let the cryptocurrency
ecosystem evolve to something new.

They don't have a choice.

Uh, they can't stop
the computer network.

If it was a group of people,
they could just arrest them.

But how do you stop a computer
program, which is running on the

intranet all around the world?

Uh, what if they pooed like
regulations on the internet?

Well, they stopped prostitution
and drugs that way, right?

You can't stop certain behaviors.

If people want things enough,
you'll never stop them.

You can make it more
uncomfortable for them.

You can slow it down a little bit,
but, um, certain fundamental human

behaviors, people will pursue, uh,
health and happiness and pleasure,

and you won't be able to stop all the
behaviors, laws don't stop behaviors.

So the governments do not have the
power to actually stop this, uh,

because they can't stop that computer
network, which is why this is.

Really a revolution.

Uh, and, uh, it's started
at the, um, the 2008.

You know, a lot of the, a lot of, uh,
kids are too young to remember it.

What happened in 2008 when they
crashed the whole world economy.

And a lot of people lost huge
amount of money and just, um, then

the banks, of course, they gave
money to the banks to help them.

And they didn't give
money to the people.

The people had to give
money to the, to the banks.

And this is when Bitcoin was
born out of that kind of time.

When everybody just
got tired of it, it, it

started from Japan.

Uh, nobody knows.

Nobody knows.

Maybe I know, but if I knew I wouldn't
be a lot numb, I wouldn't, nobody

would know you have to kill it.

Yeah, exactly.

It's a James Bond, but now I do,
I do think I actually have some

insights into it, but let's just
say that it's the Bitcoin was

supposedly created by Satoshi
Nakamoto, which is a Japanese name,

but it's not, there's no 0% chance.

There was a yes.

I saw a video on YouTube the other days.

There's a guy, a new guy.

I'll show him later to you.

He said, I know who is behind Bitcoin.

And one, that's always a name.

You will be freaked out.

And I was like, who the hell is banning

beats Connie?

There's no one person behind it.

And, uh, anybody who thinks
they can say who the one

person behind it is, is wrong.

It's um, it's, uh, large groups,
not large groups, but it's, it's

groups of people, pioneer people.

And, uh, there was a whole
community of people who are involved

in this cryptography and this
whole idea of, um, these trusted

networks for, uh, money and, uh,
even, uh, governments of course.

I mean, uh, the, uh, I would think,
um, I would think that there certainly

were, uh, governments involved
in creating of the blockchain.

Because they have the
most money to do research.

They hire all those
genius PhDs from Caltech.

And so a lot of, um, research that
would have been funded by the government

would have actually been used to
create things like Bitcoin, but it

really doesn't matter actually, who
is behind it because it's transparent,

you know, what is the computer code?

It doesn't matter who made it.

If it's, if we know what's in the
computer code and, um, we can see

that we can trust it and it's running
on computers and the government

can't stop it at that point.

Uh, it's really irrelevant,
uh, who created it?

Papers

attach with gold.

Bitcoin is a touch to what

paper is not attached to
gold papers, attached to oil.

Yeah, so, but it used to be attached
to gold, but your ideas, right.

You know, um, the us dollar, they
call it the petrodollar and the

reason they call it a petrodollar
is the U S forced everybody, all the

countries, uh, uh, if they're going
to buy oil from the OPEC nations,

they have to pay with us dollars.

So imagine the U S dollar is
a token it's it is a token.

Let's just say it's the same as
a coin, but it's a token that

is exclusively used to purchase
oil and every country needs oil.

So that made the dollar very, very
powerful, um, Bitcoin, um, He used

to be backed with gold, the dollar,
the dollar, as you said, and gold was

a desired, um, uh, Kings wanted it.

Uh, people wanted it for jewelry.

It was very highly desired.

Basically.

It was attached to
Salton coffee and yeah.

How do you call the, uh, carnations?

Yeah.

So, so what happens is whatever, if,
if we were a tribal, let's say there

was only 500 of us in the world and
we all lived in Cyprus, whatever we

valued the most, we would tend to
trade that as the base economic unit.

So it could have been salt,
whatever we desired the most.

It did.

It was, that's why in Australia,
you know, the town of Salzburg was

a great salt, mine, a lot of wealth
because in the Roman empire salt,

that's what they got the name.

Yeah.

But salt was limited in its supply
because they didn't have an easy

technology to get out of the water.

They had to get it out of the,
uh, the mountain, uh, reserves.

So it was limited in supply
was needed for everything.

They needed it for food, uh, storage.

And, and that was a key, uh,
it's flavoring and food storage.

And you could carry it
around in a divisible.

You could carry it around with you.

So once you start using salt to
measure the economic transactions,

It gains the superpower, right?

So salt might've been worth one
egg, but once we start using salt

to measure all the things we trade,
maybe salt gains, a super power.

So later, uh, gold got that
power in, in ancient Greece.

It was silver.

Silver was mostly used for money.

Cause again, it was.

There was only so much of it.

It had a limited supply.

You couldn't make more of it.

You could mine a little bit of it.

Every single year, you
could melt it down.

It was very useful and desired.

So it was very good form of money.

It was very good to be
used as money and Bitcoin.

The reason people like Bitcoin is
because it has a truly limited supply.

21 million.

Exactly.

In everybody can know, you can't know
how much gold or silver is in the world.

No one knows, but you can know exactly
how much Bitcoin is in the world.

21 million, you can read
it in the computer code.

It can't be changed.

So, because that has a limited supply,
because it's really easy to transfer in

the old days, it was very hard to port
your gold around, um, the early Knights

Templar who had their headquarters here
in lemme Saul, you know, uh, the reason

they became the bankers of Europe.

And there was this sacred trails
that you would go through of, uh,

all Europe on this sort of Ascension
pilgrimage, all the Holy sites and

France, all the way up to Scotland
and down here, and you would turn your

golden to them and they would give
you an, uh, uh, uh, an encrypted code.

Or written encrypted code and you would
then carry that down to Italy or Cyprus,

and you would turn the encrypted code
in and they would give you gold here.

Was it a

plate?

Something like a plate,

a code.

It was paper, but it, it, it evolved
in different forms, but you see,

the early banking system was built
like the blockchain, you know, it

was ciphers and it was based on,
uh, some, uh, transferability.

Bitcoin is the ultimate transferability.

Cause we all know how easy it
is to transfer on the internet.

You click a button, you send a
picture, you send an email, wham.

Nobody can, no border can stop it.

No border control.

So Bitcoin has a limited supply
and it can be transferred anywhere.

There's

not a middle

man.

That's the big point that you don't
have to trust the Knights Templar and

they charge you commission Bitcoin.

You, the computers handle everything.

No human beings are involved in
the middle, which is incredible.

So the power of the blockchain
Bitcoin is a blockchain and

there's other blockchains.

The power is that you don't
have to trust that someone will

change the rules of the game
and that create more Bitcoins.

You don't have to trust that someone
will stop or block your transfer.

You don't have to trust the
computers will get messed up.

And one computer will have a different,
uh, ledger of how many things were

transferred in a different, it's really
a brilliant technology, but for the

common, simple person, the key thing
there is that you have a money system

without a bank, without the banks.

It's a money system running on computers
without human beings, which is a new

opportunity for a financial system.

So

what do we do, Steve?

Do we need to buy crypto?

Everybody who's young
should be doing it.

How much?

Well, everybody has a certain,
uh, um, right now it, well,

let's put it this way.

Uh, I'll just tell you
the evolution of it.

Um, like 10 years ago it was
everybody thought it was a toy.

Yeah.

I was buying Bitcoin in 2013.

It should have been $50.

Yeah.

I was buying at $70 Canadian, which
was about $50 us in that year.

And it was the early part of, you
know, it was still not clear if it

was going to make it, or if it was
going to go mainstream, it was not

clear that it was going to be big.

Um, but I thought it would be
big as an idea as I was buying

it at 70 Canadian and us 50 us.

And today it's $63,000 per Bitcoin.

And, um, all the experts in that
industry, uh, believe that it'll

go five, six, seven times higher.

And.

A went up to a 15,000 peak prize.

I remember.

And I was like, damn,

the whole world freaked out about
that in 2017, November Thanksgiving,

it's up to $5,000.

And then a week it went up to 15.

Then, then he, then he got a
little bit up to 21 and then

it dropped again, $8,000.

And I was like, I told you, yeah,

well, you know, scam,
you know what happened?

It was, um, the word had been
spreading, you know, I was

early in 2013 and more and more
people, 2014, 2015, 2016 by 2017.

All the college kids were into crypto.

Right.

All of them, not all of
them, but it was the thing.

And they all went home
to Thanksgiving in us.

Which is in November.

And that's the big holiday where
everybody goes home and talks

to the family for four days.

So all these college kids came
home and they told uncle Larry

and aunt Sally about Bitcoin.

And they all went out and bought
and Sally and the market pumped

and nobody knew what it was.

So everybody freaked out and sold it.

But ultimately, um, the price of
Bitcoin is much higher now than

it was in the highest point then.

And the reason why very simple, the
more people who adopt and use this,

the more value it has, that's it.

So there was about a million
people using Bitcoin in 2017.

Today.

There's about 10 million people
using Bitcoin in two years.

There'll be about a hundred million
people using Bitcoin and cryptocurrency.

And actually we are the money aren't we?

I mean, if we decide to do work
together and we trade something here,

Those that becomes valuable, right?

Because we're doing the
things that are paper.

So if we agree that we're going to
use something to be the money system

for us, it gets the value from us.

And so actually the more people who
are using these things, the more

value they're getting from the people.

So this is almost what I call
the democratization of money.

This is what in ancient Greece
with democracy power to the people.

It is, this is the ultimate power
to the people, because if you, you

know, in Greece 2,500 years ago, uh,
they, they had the big idea to have

democracy, which was a very odd idea
in that in the ancient cultures, right.

They believed that the pharaohs
had to be appointed by God and

that if that's how it happened.

And nowadays we think
money is like a God.

You know, we think that the banks
have to create the money it's comes

from a God, but no, actually we
can, as people make our own tokens

and use them and give them value.

And that was prohibited for
thousands of years because, uh, they

controlled how the, the, the top
people in the societies controlled

that process because creating money
is the most power you can have.

Yeah, political power is way
behind money, power with money,

you can buy political power, right?

And with political power and
money, you can control armies.

So the ultimate power is, I would say
at the highest level is human power,

but enabled through, uh, being able to
express ourselves and have, um, freedom

of being able to have the value of what
we create for each other, you know,

come to our benefit and not be pulled
off siphoned off the top by somebody,

uh, like a, um, like a parasite on top
of us taking our value away from us,

pinpoint in the future
where you see that.

That everything's going
to change to crypto.

Yeah.

Is it going to be over
a night or, I mean,

almost, almost how,

how do you

picture that?

Um, so I have successfully
predicted it for years.

How it's playing out the first.

Uh, that's why you have the Panda.

Yeah.

Yeah.

I've been, I've been correct
on my guesses is about it.

And, um, the first thing is to
understand how big is the market size.

So, um, for example, um, the
turnover on the crypto, the amount

of money that was spent on crypto,
uh, traded in cryptocurrency today.

In 24 hours is equal to the GDP of
Greece, the gross domestic product

of Greece, the amount of amount of
output that the country of Greece,

5 billion, 200 billion, 200 billion.

The GDP of Greece is $200 billion.

And that's how much crypto
is traded in 24 hours.

So.

You see the market size
is still in the beginning.

Um, the crypto was worth all the cryptos
together today are worth $2.1 trillion.

I predicted that once it hit 1
trillion, which was maybe two

months ago, that it hit 1 trillion,
that it will quickly go up.

The five quickly means maybe nine
to 18 months timeframe within nine.

Within, within 18 months, we
will probably see the crypto

market cap at 5 trillion, more
than double what it is today.

It could happen even faster.

Can I please a payment method
for my company in crypto?

Okay.

Of course.

Um, I have a software company and
I pay my lawyer, my accountants, my

contractors with cryptocurrency all
around the world, almost exclusively

it's among 30 year old technology
oriented, digital oriented people.

All of them are
accepting cryptocurrency.

They prefer it.

They don't want to deal with banks.

Banks are a pain, too much
trouble, too much waste of time.

They're closed on the weekends.

Um, nothing but trouble.

So, uh, people are really, um, are,
are using, uh, the crypto, but the,

the market's size is, is over a hundred
trillion dollars of this market.

So what happens is
we're at 2.1 trillion.

Now, when you hear that crypto
hits 5 trillion, you're going

to see gold rush coming.

It's already starting, and I'm sure
you're already hearing about it and

participating in it or something.

But once it's 5 trillion, everybody's
going to be talking about crypto.

Yeah,

but I'm not taking action because
I'm trying to understand it.

I mean, I understand it by
I'm trying to put myself in a

place where I can actually do

something.

Yeah.

And it takes, it takes, um, it's
important to not do it because

someone else told you it's important
to get the understanding about it.

And that's why I try to educate about
it as well, because you know, you

don't just like, you could just do
it because someone tells you to do

it, but it's better to understand
what that is and make a decision

that you know, what you're getting
into and you know what it is.

So, uh, so if crypto hits 5 trillion,
it's going to go to 20 pretty quickly.

And once it's at 20, um, it
breaks the banks actually, and

they'll all switch over to crypto.

It's already happening.

You know, it's really already
happening and governments are

getting ready to issue their own
tokens and get into this market.

This is nothing new.

This happened with
Christianity, this happened.

And then the state took
it over in the end.

Didn't they.

From, uh, Cyprus was the first
adoption of state Christianity, right?

So they, um, same with rock and roll.

They first, they banded in UK, right?

You weren't allowed to
listen to rock and roll.

They pirate radio.

So you had to go off the shore.

And the people would 20 million people
in UK who would be listening, uh,

by their bed for the pirate radio.

And they were the.

Army was the Navy was Royal Navy
was chasing the pirate ships, but

now all the big companies are,
uh, promoting music industry.

They took it over and
they dominated in the end.

Um, but not completely, but largely

the

same, the same will happen
with cryptocurrency.

It will become the mainstream pretty
quickly and many people will have

missed it to tell you the truth.

And I think that's a shame because,
um, you know, this is the biggest

opportunity in the world for
young people to make money because

it's very hard to make money.

There's not many opportunities
if you're not from a wealthy

family or is handed real estate.

Um, how are you gonna make
a lot of money nowadays?

Like, uh, um, buying real estate.

The banks don't lend, it's hard
to get enough cash to do that.

The stock market, nobody
trusts the stock market.

You know, if you put 20,000 euros,
so with 20,000 euros, which is

what the average, uh, person
in Europe, young person might

be able to get their hands on.

How can they make money?

They cannot.

So actually crypto is probably one
of the only ways that they can have

a good chance to make money, but they
have to understand it and research

it and they have to go do the work.

They can't just go listen to one person,
say it and do it or not do it and blame

somebody if it works out or they have
to go learn and ask friends about it.

But I would say that it's a once,
not even once in a lifetime it's

once in 2000 years that a culture
shifts so quickly on a level.

Of money.

The, you know, the, this, what we call
the money is going from old to young.

Okay.

And that's unbelievably good for
the world because imagine if the

money's coming from the old guys
to the young guys and think the

old people, they were trained by
their grandfather in the year, the

grandfather grew up in the year 1800,
a guy who's seven years old today.

He got advice from his grandfather,
who his grandfather was from 1800.

And how different is the world today?

From 1800, we need to get the money
into the hands of the young people

because it's moving too fast.

Technology is too fast.

The young people need to guide the way
into the future, not the old people,

because things are in a state of change.

So actually any young person who doesn't
get into cryptocurrency is really,

uh, ripping themselves off by not
learning about it and trying to see,

um, how they can, uh, benefit from it.

And they shouldn't be getting in from
like what I call like the trading day

trading, you know, try to make a catch
a pump and this gambling don't do that.

Pick a few tokens that you think that
you understand and that you really like.

Well, I like, um, the big ones.

Um, uh, because they have huge,
infrastructure's huge communities,

trust, huge brands, huge trust

and momentum.

It stands over the cryptocurrency thing.

Now it's something else.

It's a brand.

Yeah.

I think you have to default to Bitcoin.

Okay.

Uh, I think you, I don't think
you can now you're not going to

make these huge gains anymore.

Like I know friends, I have
friends that made literally

billions of dollars from Bitcoin.

Uh, literally

when it was $20.

Yeah.

Like one, one, one, one person
bought at, um, well he made a

million dollars of Bitcoin in the
year, 2014 and he sold it and he

bought a theory him at 20 cents.

So he had a million dollars of
Bitcoin and he bought a theorem at

20 cents with a million dollars.

How much the theory of, uh, $2,200.

So I don't know what it is.

He made a

crypto currency.

Going around.

Yeah.

Yeah, yeah.

You're, you're gonna, it's gonna
be, um, you know, the kids who

are 10 years old today and they'll
grow up using cryptocurrency.

Okay.

Was just like

you wrote dollar yen,

Bitcoin, Ethereum.

Excellent.

If there Bitcoin PFS

TFC, TFC.

Yeah.

We think we're going to make it up
there because, um, uh, because we

have the ability to get a hundred
million people into our ecosystem,

you know, um, because every
person who gets the football app.

Gets the football coin
wallet inside of it.

So we're their first exposure to
cryptocurrency is often through us.

They many people, 99% of the people we
have in our social network, you know,

which again, a quarter million people,
isn't a lot in a social network right

now, but it's an impressive start cause
it's growing like a ramp, but we have

160,000 people who hold the TFC token.

And actually that's in
the top 30 in the world.

So we're in the 30th, we're in the
30 largest crypto communities on

the planet earth with that number.

How come the Zacks

didn't see that opportunity.

I mean, I've been reading for
ages that they were trying to.

Find a way integrating the
blockchain community with Facebook,

but haven't seen anything.

Well, they tried to do it and they
were stopped from doing it by whom?

By France and Germany.

Okay.

Yeah, because it was
a threat to the Euro.

The Facebook would have ended
the, the Euro and, uh, and, um,

so imagine, um, that, uh, this
is a good example to talk about.

So Facebook did everything wrong.

I don't think they understand how
to do this game and they still, and

they were too much of a threat, you
know, to, to be allowed to play it

because they are a specific company.

They have a headquarters
and they have a lot to lose.

They're worth 700 billion.

If they take a risk.

And they lose that money.

There are shareholders
will scream, right?

So they aren't willing to take
the risk to play this game.

Uh, but imagine the Facebook token.

So imagine a 14 year old kid has a
Facebook, uh, inside Facebook, they

have the Facebook coin and the Facebook
coin is what all their friends spend.

And every business accepts the
Facebook coin who is on Facebook.

And, uh, it becomes within 10
years, if you were to ask a kid,

have you the, have you heard of the
Euro, the dollar, maybe they still

exist underneath the kid would say,
what's the dollar, what's a Euro.

Is that something like Unix or Linux?

We were trading in euros.

We would trade with Fortnite coins in

.
And so that's it.

Yeah,

where's the e-gaming industry
fit into all this because I'm

watching my son play video
games and he's way into buying.

Game tokens.

He doesn't care about the Euro.

Just give me, I mean,
she probably values.

Five, the tape B-roll star
coins more than five years.

Yeah.

And in the future, those will
be, uh, whatever tokens are hot

with the kids will be accepted at
McDonald's at KFC, at movie theaters

as money traded on exchanges.

That's what I'm saying is that if the
kids, um, uh, all value it and hold it.

Uh, the businesses will want it
and it'll trade on exchanges.

And so that's why I'm saying
community-based money wherever

you find a mass group of people
who gets into a particular token.

So that's why I said that the football
coin could be big because we can get

a massive group of people together.

Of course, Facebook would be
the biggest money in the world,

but they are too big and they're
not going to be allowed to play.

And they made a strategic
mistakes as well.

And as well as telegram, telegram
wanted to create their own token.

And, um, they made a number of
mistakes and also they were too

big to play and they got shot down.

So something like us who is no threat
to the system, we're a tiny, uh, social

community and we're growing organically
and we're going to be allowed to play

because we made a few good decisions.

You know, we learned from
their mistakes actually.

And we're not a threat to the system.

We're just a, uh, a small community
that has a token that's used for

certain specific, uh, reasons in the
app and it can grow and grow and grow.

And the other reason that
we're going to succeed.

Is because, um, you know, the goal of
our social network isn't to make me

into Mark Zuckerberg, where I'm the big
guy and I make all the big decisions,

it's a really a community and the money
gets distributed through the community.

And, uh, it's, um, kind of, uh,
sharing a pirate style, wealth

sharing, you know, or everybody who
participates takes from the tokens.

And it's more fair.

And it's also more exciting because,
you know, you can benefit, uh, as

a user, uh, by sharing in the value
of what you're creating, you know,

why should they create the value?

And I take all the value, they should
be getting value of what they create for

the ones who've done.

No pirates used to do.

It used to be a pirate law.

They were sharing the treasures from
this Spaniards and the English, and

they were voting for the actions
that would have been taken in any

case.

Yeah, they were, and
same with the Viking.

So, you know, the, in our culture
and, and, and, and, and who

labeled these people Vikings and,
uh, pirates the British, right.

And they're the real pirates, and
they're not the British people.

I love the British people,
but the control system that

was in the UK, um, there were

ex commanders commanders,

and there, there nothing,
all bad about that, but even

the Vikings also, um, shared.

And if the Vikings were so bad, how
come Scandinavia, uh, Denmark and Sweden

are such egalitarian societies, right?

They have the Viking culture.

It's actually very fair society.

That they've implemented.

They share the revenues of,
uh, they are very egalitarian.

And so I think we have to,
um, kind of go back from the

central control structure.

We have to allow new ideas
to come into the world.

We need young people to, uh, have money
and we need them to be able to make the

future because it's moving very fast.

The technology, like you said,
e-gaming the kids understand digital.

They grew up with digital

they're exchanging cards, Steve.

Yeah.

They're exchanging how,
how, how do they call them?

Uh, not screenshots.

Um, the NFTs.

The NFTs.

Yeah.

Yeah.

There's another name for NFTs.

Um, it's it's not a theme.

It's a come on.

Ellen rabbit skins.

Oh yeah.

Yeah.

Yeah.

And do you know what else these
kids have, which is different

than, let's say my generation
technology savvy, they're tech

savvy, but they have one other thing.

They, they work as a group when I was
young, we were fighting each other

and we didn't cooperate that much.

They support their community.

They work together and, you know,
they, as they also don't have

this sort of, um, nationality, uh,
prejudice that we were growing up with.

Yeah.

They grew up and they play with
kids all around the world and

they all have a common theme and
they work together and they share.

So actually we really do need to empower
that because that is the way of the

future and all these guys who, again,
controlled the, created the, the,

the, the political and money system.

And I don't want to be too mean to them.

Let's say, thank you to them because
maybe 150 years ago, they helped

advance things for the memories.

Yeah, but that's what
it is at this point.

We have to say goodbye at some
point to say, look, thank you for

helping whatever you you've done.

Uh, we're going to take it from here
as a community altogether, right?

With all these new tokens,

the system's going

to react.

They're going to react, but they
can't do that much about it.

Just like they couldn't
stop rock and roll.

They couldn't stop big ideas

back in the thirties, in the U S

they couldn't stop for a long time.

They couldn't stop democracy.

Do you think the Persian empire
tried to come and wipe Greece

off the face of the earth?

They sent 2 million people and
at the time, living in Greece was

about 70,000 people in Athens.

So can you imagine hearing that
there's 2 million people sailing to

wipe you off the face of the earth and
there's 70,000 of people in a city.

And actually, but you know, what happens
is when we find a good idea, we're

willing to fight for it, you know?

Cause we don't, we don't want
to be slaves in some way.

And at the

same time, when a good idea comes
and like drives us to changing

the world, we know there's going
to be resistance from the old

world.

Of course there is.

But I think that already the
resistance has turned and

this is what another dynamic

look at the example with the,
what stock, what was the name

of the stock a month ago?

Where they went on

Reddit, GME game stop.

Yeah.

That was hilarious.

Their hack, their

system.

Yeah.

Red.

It was it, was it

Reddit?

Was it?

Yeah.

Well, that's right.

So it was a Reddit group
called, uh, wall street bets

that had 2 million members.

Now there's 10 million members
and they went after, um, wall

street had bet against the stock.

So the stock was it.

They bought a stock.

They bought two different ones.

Uh, they bought three,
they bought three.

Um, they bought the movie theater stock.

Uh, I can't remember which
one it was, but they bought

the game was the most famous.

That's the one that I drove it
up, but you know what it is.

It's an exercise of collective people,
power empowered through social networks

and message from the future, I

would say.

Yeah, it is.

And now they're going to
start to do this in crypto.

You see the problem is they pumped
up game stop, but game stop.

The more P isn't isn't worth that
much money as it's they pumped it up.

But if you put your money behind,
if you get behind a token,

because token doesn't need
cashflow, it just needs adoption.

So if they pump up a crypto token like
doge coin or TFC, or, uh, Ethereum,

the more people who buy and hold
Ethereum, the more valuable it becomes,

the more people will hold a stock.

Doesn't make it more valuable.

Do you see it?

I mean, it doesn't make the company
have profits, so actually those people

are going to be coming into crypto.

And a Binance, the big exchange
just announced that they're

have stocks now on Binance.

So you can buy not only
cryptocurrencies, but

you can buy stocks.

So those 10 million people are
going to be coming into crypto.

And so you can see the energies.

Um, the transformation is is happening
and it's the biggest money-making

opportunity in human history, bigger
than a gold rush, bigger than anything.

Do we have

Steve, five years?

You don't have five years, two
years, two and a half years.

Damn.

I don't got money here.

I've invested my money in
the company in my house.

So what should I do?

Well, you know, everybody has
to make their own decisions.

But what I would tell you the following
is, um, you've got to follow your

instincts and do your research.

But if you, um, if you don't need
something, if there's a second car that

you have, that you don't need to live
with, sell it and buy Bitcoin with it.

But remember, Bitcoin can only go five
or six times up and it could go down.

Of course it could go down, but
let's say that it doesn't bother you.

It does.

No.

The point is that you should bend
things you really believe in.

Do you know what I mean?

So that if you're willing to stick
with it, but there are certain

tokens that can go up a thousand
times, there are certain tokens

that can go up a hundred times.

There are certain tokens
that can go up 10 times.

Bitcoin is in the.

Already gone up 10000%.

So it can go up.

Maybe it can go up
another five or six times.

I'm not saying it will, there's no
one knows the future, but it's my

and other people's, uh, guests, but
there are tokens that you could find

that with a small amount of money,
you could actually get into them.

And if they go up a hundred times or a
thousand times, you do incredibly well

in the stock market, there were almost.

Rare that you would have a stock
that could go a thousand times.

They did Amazon did,
but it took 25 years.

But you see in crypto can
happen in two and a half years.

And that's also why people like the
market and why people like the things

like TFC that we've created is we've
created opportunities that those

things are possible in that industry
and that people, um, can, and it can

happen or not happen relatively quickly
a few years instead of 2020 years.

And that's very unusual because in
stocks and you know, these are, these

are because you have a sh anytime
you have a huge shift, you have a

lot of money making opportunities.

And so I think the key thing is to just
start getting educated about it and,

and, and start doing some small step.

Do you see what I mean?

Because.

I feel the same way there.

I could have put more into cryptos.

And I think back in, I should have done
more of this day in that day, but at

least I got it in late a little bit.

And now I gained from
that a lot, you know?

So actually it's good to just take
some efforts and do what you can

do, even if it's $30 and you sit
it there, you've done something.

And then you sneak another 50 in there.

Then you sneak another
90, then you get familiar.

You just do what you can do.

Yeah.

The, you know,

the thing is instead of saving
money, you can invest your money to

crypto.

I think this is good because
what's the point of saving money.

When the banks are printing it and
they're blocking your accounts,

that you can't even transfer it.

And they're in complete chaos.

We don't even know if the
Euro will exist in five years.

They don't even know if it
will exist in five years.

The

thing is the banks ask you
to save your money so that

they can give them elsewhere.

Yeah,

actually they lend it
to your competitor.

If you're a small restaurant,
you're putting your money in

the bank, they're printing
European, isn't printing as much.

The Euro is more stable.

They print less than the us dollar,
but not because they're bad people

because the way the system, the
algorithm is designed, they want to lend

money to the biggest safest company.

So they give money to your competitor
to build, and they give him the

money to build a big shopping mall.

And then they won't lend you
money to help your small business.

And the whole system is just.

I think it isn't about money.

I think that people should be actually
investing from their heart thinking.

We need to change this whole way.

The world is for the sake
of our kids and we need to

take some risks to do that.

We might make money, we
might lose money, but we're

going to affect some changes.

In the society, because we're
going to, uh, the Greeks had

to fight to risk their death.

We're only talking about losing a little
bit of money if, if somebody does a

small bit of working in the crypto, but
we also are risking something fantastic,

which is to make a lot of money and
actually to maybe change the game.

So the world we leave for our children.

Isn't so cutthroat as the world
that we're in right now, there's

benefits to it, you know?

And again, there's always some
good to the existing systems.

It's not all bad, but to
me, it's a tired game.

It's an old cutthroat game and we
need to take some risks to change.

I mean, Ellen did.

Yeah.

When you see that happening,
it has to be a signal.

It was a signal for me when I woke
up and or read the news on Bloomberg.

Was it, do you remember
DEMA Elon's tweet?

Did it tweet it or did he
bought, and then tweeted,

he bought an, that tweeted

and I was like, damn.

This thing is getting serious now.

And I was into studying and
listening to podcasts, mainly us

podcasts because I was liking,
ignoring the existence of it.

And I was like, okay.

And when the time comes,
I'll deal with it.

But when Eland Twitter, that Tesla boat

much, 1.5, 1.5, 1.3 billion

of beef coin.

I was like, okay, now the
game is getting serious

because, um, I worshiped bill.

I've got his book, um,
following his career.

He's one of the few that's going to
take the world to the next level.

And when he tweeted about
blockchain, Bitcoin was okay.

Now it's the time to, and then a week
ago, a week after, under, as the DME,

my partner came in, he was, he meet.

I had a friend, I have a friend
he's into blockchain love

and she gave me a Tita bar.

He gave me a tip about a currency,
a Bitcoin currency, not a

Bitcoin currency cryptocurrency.

And he asked me, and he asked me to, do
you want to invest 500 euros on that?

And I told him, yes, do it.

I trust you.

I don't care.

We will lose it.

It's 500.

I mean, we could as well pull them
down the balcony and then Andreas DME.

And I was like, it's karma.

Yeah.

At this point you have to wonder,
is it more risky to keep your

money in the old system than to
start taking some risks, to get

money in the old system?

The banks.

Lended to others, the, the
sprit, our money, you only

keep homage a percent, 3%, 10%.

How much?

Oh, it's worse than you can imagine.

It's it's um, if we do an analogy of how
the existing system works, if you can

understand how I see it and how I see
it, the way that the, the generation of

I represent kind of that generation of
people who created Bitcoin, it's my age

group and my peer group in some ways.

And the way that we saw it was
the banks had, um, not even the

banks, the central banks and the
families that own the central banks.

Can you imagine two to do an analogy?

Let's talk about, let's say
today we were given the license

to create the new Cyprus pound.

Let's say they left the Euro and
they give us a document and say,

you're allowed to create the new
Cyprus pound printed in the same.

Let's say the same doesn't even matter.

And the government said,
we'll give you the license.

And all we want is half the,
uh, Half the money you create.

So we get our computer open and
we write down how much money we're

creating and that's what they do.

People think it's some magical process.

It's not, you know, they, they
say in English, the phrase

money doesn't grow on trees.

Of course it, it does grow on trees.

It grows actually now in the computer.

Okay.

So you type it in the computer.

How much do we want to create?

Let's say 200 billion, 20
times the GED of Cyprus Cyprus

GDP is $10 billion per year.

So good.

Uh, economic, uh, flow.

We would say we need to create
about $200 billion to, to support

this $10 billion a year output.

Okay.

So, um, we, we write it in the
computer ledger 200 billion has

been created and we send a hundred
billion over to the government.

So they have a hundred
billion dollars of the money.

Do they need to tax us.

Okay.

The hundred billion.

Do we give it to the people?

Uh, because we, you know, we could give
90 billion of that money to the people

not lend it to them through the banks.

We could literally just say
you wake up and every Cypriot

has a share of the $90 billion.

Yeah.

Good luck with it.

And we have, we made $10 billion.

The government made a hundred
billion dollars and the

people have money and no debt.

What do you think would
happen in the Cypress economy?

It would, boom, wouldn't it?

Wouldn't it be like the
biggest economic boom ever.

There wouldn't be any debt so that, and
then imagine that we could print more.

So next year we put another 200
billion, but we keep it all.

Or we lend it to our friends
or we give it to our friends,

but the worst possible thing
is you create the 200 billion.

And you lend it to them and they have
to give it back to you plus interest.

If we've created 200 billion and we
lent it out, how are we going to, and

we're supposed to get back to 120,
where does the extra 20 come from?

It doesn't exist.

It's a slave system.

It's a control trap.

It was designed as such.

It's a societal control mechanism.

It's not a money system.

It's a, it's a economic slave system.

So that game is tired and old and
we don't need that game anymore.

And when you're holding dollars in
euros, you're supporting that system.

Do you see what I mean?

So actually I think people should
think about, if what I'm saying

is accurate, how are we sub why
are we supporting that system?

Why are we handing that forward into
our children, into this perpetual

debt trap that can never be bought

support the system?

It's the way we grew up the way
some information was embedded

into our heads on how money and
all that financial system works.

But now there are no excuses because
you have all the information.

And the only thing
you're left is action.

That's it?

Because if we just don't do anything,
we're supporting that existing system.

And if we take actions, we
might make some mistakes.

We might have some losses.

We might make some big gains
everything's possible, but

at least we're supporting the
creation of a different model.

For the world.

And I think we have to look if we
I've decided that I'm putting my

time into that model, our entire
community of TFC, isn't trying to

compete with the Euro or the dollar.

It's not a money it's a token used in
a certain context, but the idea of it

having a limited supply, distributing
it to the people, you know, um,

letting it to become used more and
more to, um, uh, for different things

inside the, the app and sharing that
money with people is showing people

the idea that the way, the way how
to do it, I will still make money.

Yeah.

With your own coin.

Yes.

And she accepts it.

Yes.

Not only that, um, people, uh,
some people will own some people

that are working with me, certain
consultants and people will only

allow, they only want me to pay in TFC.

They don't want to
receive different thing.

Cause they, they, uh, they think
it's going to be, um, their, their

personal opinion is they want it
because they think it has a lot

of potential to grow and yeah.

And you can balance your

transactions.

I mean, you don't have to.

The thing is a lot of people think
of it as gambling and I don't

know, correct me if I'm wrong.

I would have said I
wouldn't suggest go and.

Bet your money on crypto,
but just instead of saving in

the bank, putting on crypto.

Yeah.

And this is true because then, you
know, uh, you're less likely to

lose money in Bitcoin, according
to some people's thinking than

you are to leave it in a bank.

Uh, even if you're not making money
from Bitcoin to going up, it might be

a better place because what if, what
if you have to, um, God forbid you're

in a country where you have to leave
the country because it has a problem

or financial crisis or a war, and you
have to leave the country with your

family, moved to another country.

And the banking system has
collapsed or they've put capital

controls and you can't get your
money out or you lose your money.

Do you see?

Yeah.

But with Bitcoin, your money
goes with you every year

it's happened in 2013, Steve,

it did.

People woke up in, they didn't
have any money in the bank because.

The system decided that your money will

banish.

They took the money.

And that was, that should have
shocked everybody into crypto.

And, you know, even back then, if
on the day, let's say somebody had

their life savings and there were
some people that lost their life

savings at that year in Cyprus, say
it, a million euros saved in the bank.

If you had taken I think, 6,000 euros
and put it in Bitcoin the day before

they stole the money, you had all
your money back plus gain already.

So actually what's happening is the
system is changing in some ways.

I don't even think we could stop it.

If we tried this change is happening,
you know, it seems to be like,

have its own inertia, this change.

And so we just have to be aware of
it, see if we can benefit from it

and see if we should support it.

You know, there are resisted some
people maybe they're correct or

resisted, but I support it and I take
a lot of risk on it because I think.

The reward is high and I
don't want, I refuse to leave

my kids in the same system.

So I'm betting on new systems because
I, I simply refuse that this same

old tired system governs the way my
children have to conduct their lives.

Yeah.

Andrea, I don't know if that was
a podcast or a consulting session

for Bitcoin by Steve either way.

Steve, thanks a lot for
joining us on net cost.

Sure.

I'm going to make sure that these
talks will be promoted a lot.

Thanks

a lot, Mitch.

Sure thing, man.

Thank you.