April 28, 2022 • 15 mins
Elan Halpern returns today to give a crash course on blockchain and how it works. She shares how the blockchain can be applied to daily use, and how it applies to finances.
Host IG: @itstanyatime
Guest IG: @halpernesta
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Episode Transcript
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Speaker 1 (00:00):
Hey, money Movers, Welcome back to Money Moves, the daily podcast,
determined to give you the keys to the kingdom of
financial stability, wealth and abundance. Blockchain technology and its application
to Web three are a new technological frontier and we
(00:22):
want to make sure the Money Moves audience is in
the no. So welcome to Crypto School and to keep
you up to date on this fast moving and growing sector,
we have decided to bring in one of the future
leaders of the Web three space, Money Movers. It's time
for Crypto School with Elon Halprin, Hi Lan. How's it going? Good?
Good goods. So glad to have you back. Our first
(00:43):
segment was fire. So now we're here to go deeper
into the blockchain and Web three world. So let's bring
it on. Very excited to be here and to get
more people educated about the space. Yeah, okay, So I
want to start off by answering the question of what
is blockchain? I think it blows a lot of people's
minds and they're really not able to like wrap their
(01:04):
heads around this whole concept of the blockchain. How do
you explain this to let's say, your grandma. Absolutely, yeah,
and I've I've definitely tried to explain this to my
granda before. So okay, maybe not your grandma, your grandma,
all right, I'll give the sort of like how I'd
like to break it down and explain it. Um. And
you know, blockchain is one of these kind of buzzwords
in this space that gets thrown around a lot. So
(01:25):
hopefully after this you guys will have a better understanding.
The way I like to think about blockchain is literally
as a chain of blocks, right, So there are these blocks,
and what are these blocks represent? Storage units? So you
can imagine these blocks are just a way to store data,
a way to store information, and they're chained together in order,
(01:48):
and so this is really important. Blocks are sequence, right,
If I'm block four, after me, is block five, after
that is block six, and it kind of goes in order,
and it's really just this chain of data store age
units that is publicly accessible and available to everyone. Um.
And what's really important here is that blockchain is the
infrastructure engine behind web three, behind crypto, behind a lot
(02:12):
of aspects of the metaverse. Blockchain is the technology that's
really powering all of these things. I love it, I
get it. I'm literally picturing storage units linked together, and
you know they're sort of unbreakable, right because they're all linked,
and so that gives me this and you know, we
always talk about it. You might hear these words it's
(02:32):
like an irrefutable ledger. So I picture like this old
guy in the olden days writing in a ledger and
an accounting book, um, with little glasses. But this is irrefutable.
It's on it's created on the blockchain, so you can't
really make mistakes, right, yeah, exactly. I think you know.
Another thing about that is that it can't really be hacked,
it can't really be manipulated, right, because it's completely permanent. Um.
(02:57):
And so blockchains tend to have different kinds of trade.
And again, blockchain is a technology, right, It's not like
one thing that we can point out. It's this technological
concept that powers all the stuff. So there are different
kinds of blockchains. They are actually private block chains, and
then there are public blockchains. Um. The public ones are
really what are powering like bitcoin and ethereum and all
these other currencies that we know about. But there's really
(03:20):
cool aspects about blockchain that are very attractive when building
in the space, and that's one of them. Like you said,
is that it's this immutable ledger, right, so you cannot
change it. Once it's written onto the blockchain, it cannot
be changed. Another one that it's public. Right, So there's
this little guy in spectacles behind closed doors writing down transactions.
(03:42):
But in the blockchain world, I can pull up my
computer and look at it right on the internet. It's
completely public. So very different model here. I love that.
I love that. Okay, So now you're saying, how is
it that it's possible that we can't make a mistake?
You know, and I understand. You know, people talk about
the connectivity of it. They talk about, hey, if you're
going to put a smart contract on the block chain,
(04:04):
now everybody sees it. Can you explain that to me? Yeah? Absolutely,
So let's talk about, like, you know, how it can't
be changed, how how it's actually immutable. First, so as
you're producing these blocks, every block that comes next depends
on all the information preceding it. So if I want
to make block six, that unique identifier for block six
(04:28):
depends on all of the data in block five and
all the data in block four. So then if I'm
a hacker and I want to be malicious, and I
want to say, Okay, this transaction happened in block four,
I'm going to reverse it so that I get more money,
and I go and try and change it. That would
change everything after it, so the whole the whole world
will look back and be like, wait, that person is
completely wrong because this is all different now. It just
(04:50):
doesn't work like that, right, because of that dependency in
this chain of blocks. Oh, I like it. It's kind
of like, um, someone explained it to me once. It's
almost like a stadium and everybody in the stadium has
eyes on this blockchain, and so it's like as soon
as it breaks, everyone's like next, just whip and they're
like nope, broken, can't do it. Nope, broken can't do it,
(05:11):
and everybody screaming. As opposed to that little guy with
the spectacles who was sitting there just writing notes and
like only he noticed if a mistake was made. Right, Um, yeah,
I love that analogy. Yeah, And that's the pow like right.
It's completely run by a by a network of people,
so there's no longer this one dude that's determining what
the truth is. Right. If someone wants to go and
(05:33):
be malicious, all the ten other people will say like, hey,
don't listen to that guy. We're all on this other
page to become very clear what the truth is. Okay,
So now we've got an understanding of the blockchain, why
is it so important? Like, can you tell us some
of the use cases that you're seeing pop up with
blockchain and why this is going to be such a
big part of this web three that everybody keeps talking about. Absolutely. Yeah,
(05:57):
So if we go back to those fundamental properties of
the blockchain, right, it's this decentralized storage unit, it's public,
you can't change it. All of these things are really
important when thinking about the potential use cases this technology
can have. So I think my first I would like
to share like my first aha moment when it came
to blockchain and really what like opened my eyes And
(06:20):
I think what happens is that you learn about this
technology and then you see how it can be applied
to improve things in your everyday life. And so I'd
like to share like how that experience happened for me,
And it was actually recently so vaccinations. Oh, so basically
we spent this entire in the past like two years,
(06:42):
pouring so much money, pouring so much resources creating one
of the most innovative vaccinations that exist, one of the
most technologically sound vaccinations that is in existence today, and
then we use the most archaic system to keep track
of it, a piece of Oh my god, this is
the best example every Yeah, and it was really an
(07:03):
Alhama says, like, whoa. We spent all this time and
technology and money and all these scientists researching this vaccination.
It was amazing breakthrough in technology. And then we're like, cool,
let's track it with a piece of paper literally an
index card. Yeah, it's like an index card, and everybody
loses it, and it's like what the hell, Like now,
all of a sudden, Like if I get my first
dose in New York City where I'm from, and then
(07:24):
my second dose in San Francisco where I live today,
the only thing communicating that is this pizza paper that
I'm responsible for. It's it's absolutely insane to me. So
I was like, WHOA hold up, this is a perfect
use case for the blockchain, Like, all of a sudden,
we have this reason for the entire world to be
on the same page, and for that to be hyper
(07:44):
protected and forever user to have a unique identity in
that system, right, and this is like the quintessential use
case for a blockchain is this? Oh my gosh, Okay,
I can talk about this all day long because it's
really funny and I feel like I don't know if
any idea on this podcast who listeners will remember this,
but this is going to totally show my age. When
I was in grade school, we used to have the
(08:06):
Dewey decimal, the Dewey decimal library system. So if you
wanted to take out a book, you would go to
the library and you would write on an index card
like four point three to zero, and that's how you
would find a book. And then all of a sudden,
the Internet came along and it blew that out of
the water because there were just so many better ways
to do it. We now had you could scan a book,
you could rf idea book. Like this is the perfect
(08:27):
example of like why did we just go backwards? And
why are we not doing these vaccinations on the blockchain?
Because it's just better better, Yeah, And I honestly think
that a lot of the applications that are going to
spin off of Web three and that are going to
come about are going to be because it's just better, right,
we're like, oh, I don't get it. I don't see
(08:48):
the use case. I don't see explicable. But then you're like, wait,
how can we improve this easier experience by ten x?
Maybe we can put on the blockchain. And I think this,
this example is a perfect one. This is a great example.
And you know, I want to have a couple more
examples because I feel like I don't feel like we're
selling people on this, but I want people to leave
having an understanding of the use cases. And maybe you
won't leave understanding exactly the technology behind blockchain, but how
(09:13):
it can really improve our lives and how moving forward
into this Web three world it can work. Um. So,
I think some of the other examples that you know,
people that has really come up right now is this
idea of finance and cryptocurrencies. We will do a deeper
dive into some of the bigger cryptocurrency conversations. This is
just gonna be a teaser so that you guys tune
(09:33):
in for future episodes. But can you talk about how
this sort of applies to money and finance and banking? Absolutely, yeah, definitely.
So I think here in the US we're pretty we're
in a pretty privileged position to have access to banks
and to quote unquote trust our government. A lot of
the initial use cases and applications for blockchain and cryptocurrencies
(09:57):
were actually first international in countries where they don't have
that same trust in their government and that system and access.
So one concrete example here is women in Afghanistan. So
traditionally women in Afghanistan don't actually have access to bank
accounts and don't have the financials freedom that some women
in the United States are able to have. So what's
(10:19):
the solution to this? Well, crypto is actually a perfect
solution to this. Crypto and blockchains, and the reason being
is because there's no application, there's no social security number,
there's no like barrier to entry to actually get financial
freedom and utilize this technology. You don't have to go
through a bank, you don't have to go ask permission
all you don't have to go ask your husband. You
can I have some money? Like, do you guys understand
(10:41):
how this is revolutionizing the world And all you need
is access to the Internet. That's it, and then boom,
you're completely tapped into this system where things just happen faster,
Things are more accessible, things are public, things are mutable,
all these traits that are really really important. Yeah. Um,
so that brings me too. We talked a little bit
about a banking we talked we're touching on some cryptocurrency here,
(11:04):
but just this idea of like asset transfers and smart contracts.
So what's a smart contract? It's another sort of buzzword.
I mean, we sort of touched on it, but you know,
can you think of some other examples where there's some
good use cases? Yeah, that's a really good question. So
smart contracts are this technology that's really built on Ethereum.
So there's other smart you know, smart contracts are supported
(11:26):
on other block chains, but well, you we'll talk about
Ethereum because that's kind of the most common one. And basically,
what smart contracts allow is for you to put code
onto the blockchain. So we know, sort of crypto as
like transactions, right, sending money from A to B. But
now smart contracts are a way to store arbitrary code
to any kind of code and applications onto the blockchain.
(11:49):
So maybe I'll give a quick example of what so like, Yeah,
all right, so what is an application or piece of
code that you want to kind of automate that you'd
want to be like public in just sort of like
work without Oh I know, pick me, pick me, pick me, um,
I'm an up and coming No, no, no, I'm bask yet.
I'm bask yet. I've made all this art. People have
(12:11):
bought my art for years, but every time I sell
my art to a new owner, I don't know that
it gets sold. And now I just found out that
someone sold my piece of art for and I'm talking
about a real piece of art here. Let's get into
n f T S later, you guys, but this piece
of art for like six hundred million dollars and my
family gets none of that. That sucks. Can you help me, Ellen?
(12:31):
What would I do? Absolutely? So, what we can do
is basically make a smart contract representing that piece of art.
So that art is digital, that smart contract can be
the art. If the art is physical, which is in
the case of Barscat might be physical, that contract can
just represent the exchange of the art. Right now, kind
(12:53):
of art dealing happens on paper, right What if we
had a smart contract, right, so, a piece of code
that keeps track of all of those systems, and maybe
you can even bake into that cold that that cold
that a system of royalties where every time that piece
of artwork gets bought and sold, the original artist gets
(13:16):
a cut of those profits. And that's something you can
implement in code. And it's no longer this honor system
trust like did it get sold? What's my like? Go's
to my ratio? It's like it's baked into the code.
It's automatic. You get paid instantly. Wow. So this idea
of royalties sort of being in perpetuity as you sell something,
(13:36):
I think this again brings us back to this point
of having how this web three world, of not having
a gatekeeper. We are now the creators. We are now
the owners of our art, anything that we've created. And
this again, it gives me goose bumps when I think
of you know what, people of color. Um, so many
people who have built this country, built things around the world,
but haven't been able to have ownership. And that's why
(13:59):
I think it's really exciting. That's why I'm so excited
to have these conversations with you, Alan and share it
with the Money Moves audience. Most of the United States
has been built on the backs of people of color,
if not all of it, including cultural things like music
and art and everything, and imagine we can pay back
dividends to the original creators of those right. That's the
(14:20):
world we're going to live in. That's the world we're
living in today, and now it's time to implement it
and put it into action. Incredible. Alright, Ellen, I'm going
to take us out on that high note because I'm energized,
I'm inspired, and I'm so excited about what's to come
with Web three, and I hope that the Money Moves audience.
You guys can take this messages, do your research, learn
(14:41):
more about what's transpiring in the technology world, and grab
your seat at the table as we all create our futures. Ellen,
thanks again for joining us today, and please tell our
audience where they can find you on social absolutely so
I'm zero x alon on Twitter and help Ernesta on Instagram.
Money Movers use make sure to follow Ellen on all
(15:01):
her social media handles and to keep up to date
on all things crypto and Web three Money Movers. That's
all the time we have for today. Make sure to
tune in Monday to Friday and subscribe to the Money
Moves podcast powered by Greenwood, so that you two can
have the keys to financial freedom you so rightly deserve.
Whether it's in Web one, two, or three. Thank you
so much for tuning in Money Moves audience. If you
(15:23):
want more or a recap of this episode, please go
to the bank Greenwood dot com and check out the
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For more podcast on iHeart Radio, visit the i heart
(15:44):
Radio app, Apple Podcasts, or wherever you get your podcasts from.
Hey, money Movers, Welcome back to Money Moves, the daily podcast,
determined to give you the keys to the kingdom of
financial stability, wealth and abundance. Blockchain technology and its application
to Web three are a new technological frontier and we
(00:22):
want to make sure the Money Moves audience is in
the no. So welcome to Crypto School and to keep
you up to date on this fast moving and growing sector,
we have decided to bring in one of the future
leaders of the Web three space, Money Movers. It's time
for Crypto School with Elon Halprin, Hi Lan. How's it going? Good?
Good goods. So glad to have you back. Our first
(00:43):
segment was fire. So now we're here to go deeper
into the blockchain and Web three world. So let's bring
it on. Very excited to be here and to get
more people educated about the space. Yeah, okay, So I
want to start off by answering the question of what
is blockchain? I think it blows a lot of people's
minds and they're really not able to like wrap their
(01:04):
heads around this whole concept of the blockchain. How do
you explain this to let's say, your grandma. Absolutely, yeah,
and I've I've definitely tried to explain this to my
granda before. So okay, maybe not your grandma, your grandma,
all right, I'll give the sort of like how I'd
like to break it down and explain it. Um. And
you know, blockchain is one of these kind of buzzwords
in this space that gets thrown around a lot. So
(01:25):
hopefully after this you guys will have a better understanding.
The way I like to think about blockchain is literally
as a chain of blocks, right, So there are these blocks,
and what are these blocks represent? Storage units? So you
can imagine these blocks are just a way to store data,
a way to store information, and they're chained together in order,
(01:48):
and so this is really important. Blocks are sequence, right,
If I'm block four, after me, is block five, after
that is block six, and it kind of goes in order,
and it's really just this chain of data store age
units that is publicly accessible and available to everyone. Um.
And what's really important here is that blockchain is the
infrastructure engine behind web three, behind crypto, behind a lot
(02:12):
of aspects of the metaverse. Blockchain is the technology that's
really powering all of these things. I love it, I
get it. I'm literally picturing storage units linked together, and
you know they're sort of unbreakable, right because they're all linked,
and so that gives me this and you know, we
always talk about it. You might hear these words it's
(02:32):
like an irrefutable ledger. So I picture like this old
guy in the olden days writing in a ledger and
an accounting book, um, with little glasses. But this is irrefutable.
It's on it's created on the blockchain, so you can't
really make mistakes, right, yeah, exactly. I think you know.
Another thing about that is that it can't really be hacked,
it can't really be manipulated, right, because it's completely permanent. Um.
(02:57):
And so blockchains tend to have different kinds of trade.
And again, blockchain is a technology, right, It's not like
one thing that we can point out. It's this technological
concept that powers all the stuff. So there are different
kinds of blockchains. They are actually private block chains, and
then there are public blockchains. Um. The public ones are
really what are powering like bitcoin and ethereum and all
these other currencies that we know about. But there's really
(03:20):
cool aspects about blockchain that are very attractive when building
in the space, and that's one of them. Like you said,
is that it's this immutable ledger, right, so you cannot
change it. Once it's written onto the blockchain, it cannot
be changed. Another one that it's public. Right, So there's
this little guy in spectacles behind closed doors writing down transactions.
(03:42):
But in the blockchain world, I can pull up my
computer and look at it right on the internet. It's
completely public. So very different model here. I love that.
I love that. Okay, So now you're saying, how is
it that it's possible that we can't make a mistake?
You know, and I understand. You know, people talk about
the connectivity of it. They talk about, hey, if you're
going to put a smart contract on the block chain,
(04:04):
now everybody sees it. Can you explain that to me? Yeah? Absolutely,
So let's talk about, like, you know, how it can't
be changed, how how it's actually immutable. First, so as
you're producing these blocks, every block that comes next depends
on all the information preceding it. So if I want
to make block six, that unique identifier for block six
(04:28):
depends on all of the data in block five and
all the data in block four. So then if I'm
a hacker and I want to be malicious, and I
want to say, Okay, this transaction happened in block four,
I'm going to reverse it so that I get more money,
and I go and try and change it. That would
change everything after it, so the whole the whole world
will look back and be like, wait, that person is
completely wrong because this is all different now. It just
(04:50):
doesn't work like that, right, because of that dependency in
this chain of blocks. Oh, I like it. It's kind
of like, um, someone explained it to me once. It's
almost like a stadium and everybody in the stadium has
eyes on this blockchain, and so it's like as soon
as it breaks, everyone's like next, just whip and they're
like nope, broken, can't do it. Nope, broken can't do it,
(05:11):
and everybody screaming. As opposed to that little guy with
the spectacles who was sitting there just writing notes and
like only he noticed if a mistake was made. Right, Um, yeah,
I love that analogy. Yeah, And that's the pow like right.
It's completely run by a by a network of people,
so there's no longer this one dude that's determining what
the truth is. Right. If someone wants to go and
(05:33):
be malicious, all the ten other people will say like, hey,
don't listen to that guy. We're all on this other
page to become very clear what the truth is. Okay,
So now we've got an understanding of the blockchain, why
is it so important? Like, can you tell us some
of the use cases that you're seeing pop up with
blockchain and why this is going to be such a
big part of this web three that everybody keeps talking about. Absolutely. Yeah,
(05:57):
So if we go back to those fundamental properties of
the blockchain, right, it's this decentralized storage unit, it's public,
you can't change it. All of these things are really
important when thinking about the potential use cases this technology
can have. So I think my first I would like
to share like my first aha moment when it came
to blockchain and really what like opened my eyes And
(06:20):
I think what happens is that you learn about this
technology and then you see how it can be applied
to improve things in your everyday life. And so I'd
like to share like how that experience happened for me,
And it was actually recently so vaccinations. Oh, so basically
we spent this entire in the past like two years,
(06:42):
pouring so much money, pouring so much resources creating one
of the most innovative vaccinations that exist, one of the
most technologically sound vaccinations that is in existence today, and
then we use the most archaic system to keep track
of it, a piece of Oh my god, this is
the best example every Yeah, and it was really an
(07:03):
Alhama says, like, whoa. We spent all this time and
technology and money and all these scientists researching this vaccination.
It was amazing breakthrough in technology. And then we're like, cool,
let's track it with a piece of paper literally an
index card. Yeah, it's like an index card, and everybody
loses it, and it's like what the hell, Like now,
all of a sudden, Like if I get my first
dose in New York City where I'm from, and then
(07:24):
my second dose in San Francisco where I live today,
the only thing communicating that is this pizza paper that
I'm responsible for. It's it's absolutely insane to me. So
I was like, WHOA hold up, this is a perfect
use case for the blockchain, Like, all of a sudden,
we have this reason for the entire world to be
on the same page, and for that to be hyper
(07:44):
protected and forever user to have a unique identity in
that system, right, and this is like the quintessential use
case for a blockchain is this? Oh my gosh, Okay,
I can talk about this all day long because it's
really funny and I feel like I don't know if
any idea on this podcast who listeners will remember this,
but this is going to totally show my age. When
I was in grade school, we used to have the
(08:06):
Dewey decimal, the Dewey decimal library system. So if you
wanted to take out a book, you would go to
the library and you would write on an index card
like four point three to zero, and that's how you
would find a book. And then all of a sudden,
the Internet came along and it blew that out of
the water because there were just so many better ways
to do it. We now had you could scan a book,
you could rf idea book. Like this is the perfect
(08:27):
example of like why did we just go backwards? And
why are we not doing these vaccinations on the blockchain?
Because it's just better better, Yeah, And I honestly think
that a lot of the applications that are going to
spin off of Web three and that are going to
come about are going to be because it's just better, right,
we're like, oh, I don't get it. I don't see
(08:48):
the use case. I don't see explicable. But then you're like, wait,
how can we improve this easier experience by ten x?
Maybe we can put on the blockchain. And I think this,
this example is a perfect one. This is a great example.
And you know, I want to have a couple more
examples because I feel like I don't feel like we're
selling people on this, but I want people to leave
having an understanding of the use cases. And maybe you
won't leave understanding exactly the technology behind blockchain, but how
(09:13):
it can really improve our lives and how moving forward
into this Web three world it can work. Um. So,
I think some of the other examples that you know,
people that has really come up right now is this
idea of finance and cryptocurrencies. We will do a deeper
dive into some of the bigger cryptocurrency conversations. This is
just gonna be a teaser so that you guys tune
(09:33):
in for future episodes. But can you talk about how
this sort of applies to money and finance and banking? Absolutely, yeah, definitely.
So I think here in the US we're pretty we're
in a pretty privileged position to have access to banks
and to quote unquote trust our government. A lot of
the initial use cases and applications for blockchain and cryptocurrencies
(09:57):
were actually first international in countries where they don't have
that same trust in their government and that system and access.
So one concrete example here is women in Afghanistan. So
traditionally women in Afghanistan don't actually have access to bank
accounts and don't have the financials freedom that some women
in the United States are able to have. So what's
(10:19):
the solution to this? Well, crypto is actually a perfect
solution to this. Crypto and blockchains, and the reason being
is because there's no application, there's no social security number,
there's no like barrier to entry to actually get financial
freedom and utilize this technology. You don't have to go
through a bank, you don't have to go ask permission
all you don't have to go ask your husband. You
can I have some money? Like, do you guys understand
(10:41):
how this is revolutionizing the world And all you need
is access to the Internet. That's it, and then boom,
you're completely tapped into this system where things just happen faster,
Things are more accessible, things are public, things are mutable,
all these traits that are really really important. Yeah. Um,
so that brings me too. We talked a little bit
about a banking we talked we're touching on some cryptocurrency here,
(11:04):
but just this idea of like asset transfers and smart contracts.
So what's a smart contract? It's another sort of buzzword.
I mean, we sort of touched on it, but you know,
can you think of some other examples where there's some
good use cases? Yeah, that's a really good question. So
smart contracts are this technology that's really built on Ethereum.
So there's other smart you know, smart contracts are supported
(11:26):
on other block chains, but well, you we'll talk about
Ethereum because that's kind of the most common one. And basically,
what smart contracts allow is for you to put code
onto the blockchain. So we know, sort of crypto as
like transactions, right, sending money from A to B. But
now smart contracts are a way to store arbitrary code
to any kind of code and applications onto the blockchain.
(11:49):
So maybe I'll give a quick example of what so like, Yeah,
all right, so what is an application or piece of
code that you want to kind of automate that you'd
want to be like public in just sort of like
work without Oh I know, pick me, pick me, pick me, um,
I'm an up and coming No, no, no, I'm bask yet.
I'm bask yet. I've made all this art. People have
(12:11):
bought my art for years, but every time I sell
my art to a new owner, I don't know that
it gets sold. And now I just found out that
someone sold my piece of art for and I'm talking
about a real piece of art here. Let's get into
n f T S later, you guys, but this piece
of art for like six hundred million dollars and my
family gets none of that. That sucks. Can you help me, Ellen?
(12:31):
What would I do? Absolutely? So, what we can do
is basically make a smart contract representing that piece of art.
So that art is digital, that smart contract can be
the art. If the art is physical, which is in
the case of Barscat might be physical, that contract can
just represent the exchange of the art. Right now, kind
(12:53):
of art dealing happens on paper, right What if we
had a smart contract, right, so, a piece of code
that keeps track of all of those systems, and maybe
you can even bake into that cold that that cold
that a system of royalties where every time that piece
of artwork gets bought and sold, the original artist gets
(13:16):
a cut of those profits. And that's something you can
implement in code. And it's no longer this honor system
trust like did it get sold? What's my like? Go's
to my ratio? It's like it's baked into the code.
It's automatic. You get paid instantly. Wow. So this idea
of royalties sort of being in perpetuity as you sell something,
(13:36):
I think this again brings us back to this point
of having how this web three world, of not having
a gatekeeper. We are now the creators. We are now
the owners of our art, anything that we've created. And
this again, it gives me goose bumps when I think
of you know what, people of color. Um, so many
people who have built this country, built things around the world,
but haven't been able to have ownership. And that's why
(13:59):
I think it's really exciting. That's why I'm so excited
to have these conversations with you, Alan and share it
with the Money Moves audience. Most of the United States
has been built on the backs of people of color,
if not all of it, including cultural things like music
and art and everything, and imagine we can pay back
dividends to the original creators of those right. That's the
(14:20):
world we're going to live in. That's the world we're
living in today, and now it's time to implement it
and put it into action. Incredible. Alright, Ellen, I'm going
to take us out on that high note because I'm energized,
I'm inspired, and I'm so excited about what's to come
with Web three, and I hope that the Money Moves audience.
You guys can take this messages, do your research, learn
(14:41):
more about what's transpiring in the technology world, and grab
your seat at the table as we all create our futures. Ellen,
thanks again for joining us today, and please tell our
audience where they can find you on social absolutely so
I'm zero x alon on Twitter and help Ernesta on Instagram.
Money Movers use make sure to follow Ellen on all
(15:01):
her social media handles and to keep up to date
on all things crypto and Web three Money Movers. That's
all the time we have for today. Make sure to
tune in Monday to Friday and subscribe to the Money
Moves podcast powered by Greenwood, so that you two can
have the keys to financial freedom you so rightly deserve.
Whether it's in Web one, two, or three. Thank you
so much for tuning in Money Moves audience. If you
(15:23):
want more or a recap of this episode, please go
to the bank Greenwood dot com and check out the
Money Moves podcast blog. Money Moves is an I Heart
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(15:44):
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