April 21, 2026 • 29 mins
What if the future of finance isn’t about trusting banks—but proving everything?
In this episode of the Weekly ROAR Podcast, Dustin Hedrick and Brandon Billings unpack a bold new vision for the future of finance: Banking 3.0. As global financial systems undergo a once-in-a-century transformation, they explore how Web3 technologies like blockchain, smart contracts, and decentralized identity are reshaping the very foundation of money, ownership, and trust. This isn’t about replacing banks—it’s about evolving them into something faster, more transparent, and aligned with the user.
- Why the current financial system is breaking—and what’s driving the shift to Web3
- The core principles of Banking 3.0: self-sovereignty, transparency, and programmable trust
- How banks can evolve from custodians of money to infrastructure providers in a decentralized world
Resources & Links:
https://www.r0ar.io/
The future of finance will belong to systems that prioritize speed, transparency, and user ownership—and that shift is already happening.
If this episode expanded your perspective, follow the podcast, share it with someone in finance or tech, and stay tuned as we continue breaking down the systems shaping the future.
Weekly ROAR Podcast with Dustin Hedrick & Brandon Billings
Sponsored by https://www.r0ar.io/
Listen
Watch
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
SPEAKER_02 (00:04):
Welcome back to your weekly roar, my friends.
Now, not just streaming,officially, our podcast is
becoming its own little babybroadcast.
We may be on radio for the next80 years, we don't know.
But we're starting right now,and my name is Dustin Hendrick.
(00:24):
Happy to be with my good friendhere, which you can't see on
radio if you're tuning into it.
Bring a billings, bring it intake it away.
Does my beard look okay?
Your beard looks great, man.
From where I'm listening, yourbeard looks great.
SPEAKER_01 (00:42):
Thanks, brother.
Today's episode is a big one, solet's dive into a philosophical
framework that's shaping thefuture of finance and what we're
calling banking 3.0.
SPEAKER_02 (01:01):
Big picture time, baby.
Let's start with the reality.
Global financial system is goingthrough a once in a century or
200 years, two centuriestransformation.
Traditional banking gave usstability, but it wasn't built
for a digital borderless world.
(01:21):
Let's be honest.
You tried to send money withWestern Union or anything else,
holy schneikes, this has notbeen fun.
So, what's emerging now throughWeb3 is a completely new
financial foundation.
We're taking, we're talkingabout the blockchain, but in
less crypto bro terms.
The smart contracts, thedecentralized identity, and
(01:43):
tokenized value we're goingafter.
And what we're presenting todayisn't anti-bank.
So, legacy bankers, if you'rehearing us because we're on a
new format and you're like,whoa, the crypto bros made it to
radio.
Um, listen, we're not kickingyou out.
We want to tear down the idea,the idea that we're tearing down
(02:09):
a system.
So we're gonna evolve banking,not destroy it.
This is a partnership, not acompetition.
So for you guys, we can'tcompete with your ability to get
stuff in and out of a physicallocation.
We can we cannot compete withthe relationships you have, long
(02:32):
going, and even what's been inthe past for how to use money.
However, you cannot compete withus with speed, transparency,
trustless systems, or more.
Even efficiency, you can'tcompare.
You can never compare.
You can't tell me the 21-dayclearing of something, or a
(02:52):
21-day closing of something, or14-day closing of a property, or
30-day closing on a house, ortransferring money somewhere 14
days or five days held, sevendays held, or depositing an
untrusted check, seven days, 14days, 21 days, or for that
(03:12):
instance, money coming from thegovernment and a direct deposit
taking three days.
Wait, what?
Charges of$5 to$21.
We're talking about seconds.
You can't compete with that.
SPEAKER_01 (03:25):
What are you saying, Brandon?
Go ahead, jump in.
I was gonna say, in allfairness, I wouldn't trust the
government either.
SPEAKER_02 (03:30):
So yes, we have a good, healthy distrust.
So we're not presentinganti-bank, hear us.
We're not tearing down thesystem.
We're evolving it, we'reperfecting it, we're
transparencying it with theright kind of obfuscation for
privacy and safety andprotection.
(03:52):
So banking 3.0 ispost-centralized, it's user
sovereign, and it's programmableby default.
SPEAKER_01 (04:00):
Yeah, uh, thank you, Dustin.
Um, so if you're a bankingexecutive listening to this,
here's the core idea.
Banking 3.0 is a framework tohelp institutions transition
safely into a Web3 future.
This isn't about removing banksor regulators, it's about
upgrading the infrastructure,introducing blockchain-based
(04:23):
settlement, programmablecontracts, and verifiable
transparency.
There are three major shiftshappening right now.
First, customers want ownership,not access, ownership of their
assets, their identity, andtheir data.
It's very important.
Uh second, trust is no longerassumed, it is verified through
(04:46):
cryptography, real-time audits,and transparent ledgers.
And third, competition isglobal.
It's no longer about geography,it's about adaptability, which
creates a huge opportunity forbanks to shift from holding risk
to providing infrastructure.
I'm telling you, listen to thatstatement.
SPEAKER_02 (05:09):
From holding risk to providing infrastructure, there
could be so many 2008, 2009wouldn't happen, 2007 wouldn't
happen.
It's different.
That's right.
We're talking about dealing withthe mindset of we spend nine
(05:30):
dollars of every one dollar yougive us.
That does not make sense.
We are a big investment bank andwe naked short sell so that we
undermine our competitor and wedrop their their value, Lehman
Brothers, from$14 a share,$21 ashare to 31 cents and put them
out of business.
And it's not even real, it's adifferent world.
(05:52):
So, evolution banking, let'sbreak it down historically.
Banking 1.0 with physicalbranches, paper ledgers, and
full institutional control iswhat it was.
Then there was banking 2.0,digital interfaces, mobile apps,
faster payments, but still verycentralized and still custodial.
(06:12):
And let's be honest, they playwith time value of money.
TVM.
If you don't know about TVM, goto your AI friend.
Or if you're scared of AI, go toGoogle, put your tinfoil hat on
and go to Google and ask it.
What is TVM?
What's the time value of money?
Because that's where banks makemassive money.
(06:36):
TVM, TVM.
If you're not doing first in,first out, and you pretend like
you're paying off people'scredit card and you're like
putting payments at differentdates and times by holdings, and
you're screwing with peoplegetting extra fees.
There's that.
There's a percentage of changejust over a day when they hold
(06:57):
it three days, five days, sevendays, 14 days, 21 days.
Is it really about the risk oris it an opportunity for them to
make a bank off of your moneysitting in limbo and feeing you
to death?
So that's banking 2.0.
It got digital, but even morecorrupt.
Let's be real.
Calling it out, bankers.
Don't hate on me too bad.
Now we enter banking 3.0, whereassets are user-owned.
(07:22):
Systems are transparent, andfinance is driven by smart
contracts, not fat cats eatingat the big oyster bar when they
get off from work and driving aLambo to do it.
That ain't what we're after.
The key shift here isphilosophical.
We move from trustinginstitutions to verifying truth.
So if you put your money in thatbank, you're trusting an
(07:44):
institution.
How many of you have tried toget out money recently to buy a
car or something?
You want to pay cash?
And they're like, what's thisfor?
And why are you doing it?
And we'll let you know when youcan get it.
What?
That's my money.
You can't tell me when I can doit.
If you've had that experience,you know what I'm talking about.
And I have.
So we're moving away from that,where we have to trust an
(08:06):
institution who really doesn'thave the money it says it has
and is spending more than itactually owns, is taking risk on
you.
So I would talk about the factthat it changed the way the
profiles work.
Go look this up.
Banks change the way theprofiles work.
So you're not, you're notnecessarily insured for what's
(08:27):
in your one account.
You're insured for what's overyour profile.
So if you have three accountsand you have other businesses
that are connected to yourprofile at the bank, your FDIC
insurance coverage is only onthe profile, not the granular
account.
Look it up.
(08:47):
This is real.
These changes happen in the veilof secrecy in the darkness of
night for the protection ofconsumers over the last four
years before we had insanityleave the White House.
Oh my goodness.
So this is real.
This is this is more than it'smore than philosophical to be
honest.
It's sovereignty.
(09:08):
It's sovereignty.
It's giving you your dignityback.
You worked for it, you earnedit, you own it.
Boom.
SPEAKER_01 (09:16):
Thank you, Dustin.
Uh let's talk about the coreprinciples, right?
So the the core principles, thetenants of banking 3.0.
First is self-sovereignty.
You talked a lot about that.
Users control their assets,identity, and data.
Custody becomes optional, right?
Uh that's really important.
(09:36):
Second, transparency by default.
Proof of reserves, publicaudits, and verifiable systems
are built in.
They're not added later.
That's literally theinfrastructure of how it works.
Third, programmable trust.
Smart contracts automateeverything from settlements to
lending to savings.
(09:58):
That's important.
Fourth, permission minimizedaccess.
So financial access withouttraditional gatekeeping, enabled
by cryptographic compliance.
So if you're in compliance, youwant your money, you get it.
You don't have to answerquestions.
Actually, my mom had the bestanswer to that question of what
do you want this money for?
(10:18):
She said, personal business.
And they gave her the money andshe went on and did what she
needed to.
It was great.
I just love that.
Um fifth, composability.
Think financial Lego blocks,systems that plug into each
other and evolve withoutcentralized approval.
And finally, incentivealignment.
(10:41):
Everyone in the system, users,builders, validators, they all
share in the upside.
SPEAKER_02 (10:48):
It's good stuff, man.
It's good stuff.
You should never have to explainyourself to your bank.
That's right.
You should never feel like youare um a bad person at your
bank.
You should never feel likethey're doing you a service at
your bank.
They are not.
It's a lie.
(11:09):
It's fake.
They are taking from you.
You are being sucked dry, andthen you're being told a lie
that you're the one that owesthem something.
No, no, no, no, no.
They're using your money,they're holding your money,
they're lending your money.
They could not exist withoutyou.
Get it right and get somegumption, get some backbone, and
(11:30):
tell them, no, I'm not going totell you anything about my
money, and you can back off.
Give my money.
I love what your mom did.
That's awesome, Brain.
And so here's what the wherethis gets real for institutions.
So if you're in here and you'restill listening, I'm shocked if
you are and you're a big banker.
But hey, good on you if you didand you're not pissed at me so
far.
But this is where it gets realfor you as an institution.
(11:52):
These principles are notabstract.
So the SEC, they're abstract.
They abstract things on purpose.
They obfuscate and createabstractions and what they call
bulletins, not real laws, butthings that they can say you're
not keeping as if it were a law,but they're never regulating on
that bulletin law, but on theheart of the law.
(12:13):
What the hell?
You get to choose how youbelieve my heart is about a law.
Guys, I don't need that kind ofsubjectivity, objectivity
mix-up.
I want you to be like honest togoodness, without your own
perception or your own opinionwhen it comes to banking, my
(12:36):
money, and the law.
It's not your business.
It's not your opinion.
I don't need your gossip.
I don't need to know what anyoneelse thinks about me, about my
spending.
Come on.
We are a democracy.
We need to pull up our big boypants and we need to remind the
government what our founderssaid that the government should
(12:56):
fear the people, never thepeople fear the government.
So let's get that back, right?
And don't let those big bankerspush us around.
So, big bankers, if you're stillon, so glad you're here.
Please don't be too pissed.
I'm going to show you a futurethat can make you not go out of
business.
But if you are and you droppedoff, we we will replace you.
This is how you can stop frombeing replaced.
(13:17):
These principles are notabstractions, they're not
bulletins, they're not thingsthat people can mess with or
interpret, which we've seenpeople regulate through their
own interpretation versus actuallaw.
These are tied to real contractsthat are binding.
(13:38):
They map directly to what banksalready do.
So if you hear a banker or abank say, we don't do crypto or
blockchain because it's the wildwild west, no, actually, the
users may be utilizing it likethat it's the wild wild west,
but it's more clear,transparent, and more direct and
more safe than your bank is.
(14:00):
It really is.
Because you can't fake the smartcontract when it's locked in.
It's law.
No heart of the law, no heart ofthe bulletin, no idea of
regulation.
All of those.
The IRS uses bulletins and havehas their own court system they
use against us, and you don'thave to show up for it and they
can take everything you own.
(14:20):
This is real today.
None of that is reallylegitimate or illegal, but
they're using it on us.
Think about it.
Banks are doing the same.
So back to this.
This is real.
Custody becomes custody as aservice.
Users hold assets, banks providesecurity and recovery.
That's all.
The bank doesn't own your money.
Right now, you don't own yourmoney if it's in a bank.
(14:43):
And big guys out there, thatactually should scare you if
you're a big banker.
You should never want that levelof responsibility because guess
what?
When you got a legal entitythat's daddy's home style,
they're gonna come for youbecause you are the ones that
are responsible for thatcustodying.
(15:06):
You're the one that has thetrust of those people.
And if you do wrong, you can bepersonally liable for it.
And you know that.
You know that this takes thataway.
It keeps users sovereign,reduces risks, and also removes
that liability of custodybecause custody is a service,
(15:28):
it's not pure custody.
The audit and reporting shiftfrom periodic and opaque to
real-time and transparent.
Settlement moves from delayedbatch processing to instant or
programmable execution.
In our blockchain, the 2.0blockchain we're building right
now, Roar Chain 2.0, thatblockchain literally has to be
(15:51):
slowed down because it executesso fast, it'll scare banking
systems.
So we've slowed it down toensure there's the ability for
checks and balances that a bankmay want and meet whatever ISO
requirements banks have.
And we've done all of that.
White papers are oncoming.
You guys can see what we'vedone.
We have done so many whitepapers on both that chain
(16:15):
function, platform function, aswell as um on banking 3.0 for
you.
I mean, we're talking probably15 to 20 plus white papers,
right?
Compliance evolves intocryptographic enforcement.
Rules are embedded directly insystems, and then a pro product
development becomes modular,integrating with open protocols
(16:38):
instead of building closedsystems.
And we're finding there arebackdoors in closed systems.
I don't care whether it'sbanking, finance, voting,
government, defense.
We have found backdoorseverywhere.
Manchurian chips, remotefunction, remote install, remote
(16:58):
wipe.
Guys, this changes all of it.
SPEAKER_01 (17:04):
So what happens to banks then?
Uh they don't disappear, theytransform from custodians to
infrastructure providers,running nodes, providing
liquidity, acting as on-offramps, from gatekeepers to
validators, offering riskanalysis, auditing smart
contracts, and interfacing withregulators.
(17:26):
Uh, in short, they becomeparticipants rather than
controllers.
SPEAKER_02 (17:30):
I love that.
I love that.
So, some Web3 financialprimitives.
We need to dig into it.
Let's talk about what makes thisall possible.
It's the new primitives offinance.
So the basics.
Let's get it down to the basics.
Back to the basics.
Tokenized value, on-chainidentity, decentralized storage,
(17:52):
smart contract automation, andprogrammable incentives that are
automated, systems that rewardbehavior in real time and are
directly correlated.
And really they're immutable,unstoppable, and censorship
resistant.
Why is that important?
All of these things are builtinto contracting and the chain
(18:15):
and the ledgers themselves,which means it's not up for
someone who wants to law faresomebody or de-platform debunk
to personally use their power ina position to bully someone.
And it is bullying.
I've been de-banked and it'sbullying.
Part of what we built and how webuilt it is because we're
(18:36):
getting in the middle of thefray to make sure that people
aren't bullied in the future theway we've been bullied.
We've been able to do our wholebusiness literally from a crypto
perspective.
So we built it and now we'redoing more.
I can't leak right now, butthere is so much to be leaked.
Won't let you get there, butit's there.
(18:57):
So these create financialsystems that are always on,
globally interoperable, andtrust minimized.
By the way, trust minimized isimportant.
It means that you don't have totrust an individual to be
trustworthy, right?
An agent of trust.
(19:17):
So there's agency and there'strust.
Now, if you're in the legalworld, you're like, that's
exactly what it is.
In our world, it means this ittakes out the human that can
make the error based on judgmentor their personal opinion.
And it puts it down to theletter of the law.
I love this.
Got two definitions for you.
(19:38):
My definition of abuse orbullying in this case, and my
definition of neglect.
My definition of abuse orbullying is not knowing how to
avoid punishment.
Let's just say that everybulletin for the SEC, the IRS,
the CFTC, or anyone else outthere, banks included, FDIC, I
(20:01):
don't care.
Fed now system, the Fed,Treasury, whatever, they all
have these bulletins, andthey're supposed to measure the
law by the heart of the law.
That's all kinds of room forbullying.
I like the letter of the law.
And why I like the letter of thelaw is it's programmable.
And guess what happens?
You know how to avoidpunishment.
(20:23):
Now they're out there andthey'll say, well, that means
that the bad guys can findworkarounds.
So let them just get smarter andbuild better laws in smart
contracts.
So stop allowing people thatopacity, which is what it is in
these bulletins, to bully goodpeople because they got power.
And y'all, it's just like, I'lltell you, it's like Africa.
(20:45):
When I worked in Africa, theleadership used to say, whoever
leads eats.
So whatever tribe leads next isthe one that gets to eat, and
they bully everyone else.
So if you're out there andyou're your African background,
you're like, that's exactly whatit is.
You know what I'm talking about.
That it cannot be how it is.
This needs to be deconstructedso it's not attached to Congress
(21:06):
or political oversight orDemocrat versus Republican.
It should be flat out, honest toGod laws, written in code,
because that's transparency.
Now, my last definition I'llgive you is this.
And this is good for us to have.
So that's bullying and abuse.
Let's talk about neglect.
Neglect is not telling someonehow they can be successful or
(21:27):
grow.
Prove me wrong.
In parenting, that's abuse andneglect.
That's bullying and neglect.
So we need to be laser clear.
Here's how you can become thebest you can be at your finance.
And take that out of those bigboy fat cat, you know, horse
driving, Lamborghini driving,Mercedes driving, whatever.
(21:49):
I don't care.
People that are driving aroundyour car on your money, on your
fuel, self sovereignty.
So this Creates trust minimizedsolutions.
You don't have to worry aboutwhether you're abused from it.
And you can plug into othertrust minimized solutions.
Let's talk about this wayauditing becomes very easy,
(22:12):
which means taxes become easy.
It's just ledgers to ledgers.
It should be easier than we madeit.
SPEAKER_01 (22:20):
This makes it easy.
So, Dustin, the next bigquestion then is what about
regulation?
Banking 3.0 doesn't remove it,it upgrades it.
Then rules become code, then,like you were just saying,
audits happen in real time, andrisk is transparent.
Any regulators actually gain uhmore visibility, not less.
SPEAKER_02 (22:44):
I think that's important for some of the
regulators, especially since 80%of the debt owed to the IRS is
by IRS employees.
I just throwing that littlenugget out there for you.
I might be wrong on the exactnumber, but if it's north of
10%, my friend, something'swrong.
(23:04):
So yeah, there you go.
Well, you know, go ahead and sayit.
SPEAKER_01 (23:08):
It could be too that uh it makes it harder for
corruption in a system likethis.
And and there's a lot of peoplemaybe that take advantage of
that corruption, right?
So they may push back against asystem that would reveal quite
so much.
Yeah, crypto would make thingsum act less blue.
SPEAKER_02 (23:33):
I'm not pointing at any out there that's actually
robbing us blind, but I am.
There you go.
If that means you, oh well, dealwith it.
I don't care.
This is this transition is notovernight, it's evolutionary.
Okay.
We're talking hybrid systems,custodial and non-custodial
models working together.
So it's not gonna be quick.
Actually, it probably will bebecause we're already building
(23:54):
out into Saiyan.
If you're out there and you'rehearing this, you're gonna want
what we got because we can makeit, you know, overnight.
Um to say in tokenized internalledgers, proof of reserve
systems, smart contractsettlement layers.
It's gonna take a minute.
We're thinking about it, we'rebuilding it.
The goal is confidence, notdisruption.
Now, that transition is gonna besomething that takes time.
(24:17):
And honestly, we're already onthe front end of that too.
I cannot leak right here, but Iwant to so bad because we're
crossing that line and makingsure that on either end of it we
got the answers.
SPEAKER_01 (24:29):
So, to that point, this is where Roar comes in.
Roar isn't trying to be a bank,it's embodying the philosophy of
banking 3.0 user-owned assets,transparent tokenomics,
incentive alignment, and modulardecentralized infrastructure
that evolves over time.
SPEAKER_02 (24:47):
And banking 3.0 coming isn't coming because of
ideology.
It's coming because it's moreefficient, more transparent,
better aligned, faster, better,cheaper.
That's all I can say.
So I'm gonna say it again.
Three days, five days, sevendays, 14 days, 21 days, and then
(25:09):
add weekends to those.
And those are business days thatthings can be held.
Experiences I've had personally,whether it's a check being held
that's untrusted, or deposit iscoming in, three, five, seven,
fourteen, twenty-one, those arenormal days in the banking
world.
And then those are businessdays.
So a month for the worst casescenarios of certain
(25:31):
transactions, that's just notthe same as seconds.
SPEAKER_01 (25:35):
That's right.
SPEAKER_02 (25:36):
We have slowed our transaction time down to six
seconds.
That's right.
Also, let's go beyond that.
Fees each one of those have afee.
You get hit with fees all thetime.
And the fees are not fivedollars or whatever, they're
(25:58):
literally fractions of a penny,like point zero zero zero one
cent.
And that's to transfer a hundredthousand dollars if you want,
whatever you want to do,immediacy, speed, trust, and
then with the help of banking3.0 and legacy banking and that
(26:19):
custodying of wallets andsystems, just think about how it
can be absolutely adopted foreveryone and saves everyone so
much money and creates so muchmore trust, taking away that
fear.
So it's just institutions willwin, and the ones that will win
(26:42):
will win because they're theones that embrace
programmability andtransparency.
They're gonna respect userownership and they're gonna
build transparency into the coreof their systems.
Those are the ones that aregonna win.
The others, you'll be left inthe dirt, you're gonna be a
glorified ATM.
Know that because it's gonnahappen.
The future banking isn'tcentralized or decentralized per
(27:06):
se.
It's verifiable, programmable,and user first.
And that will be bothcentralized and decentralized,
but at the same time overlappingwith trustless solutions.
So, anyway, I hope that wasn'ttoo like heady or deadly or
whatever.
(27:26):
Hope it really gets to you, andyou can see from a developer's
perspective, what we're tryingto make very available to every
user on the street.
This is a better world.
And it's even better, evenbetter if both groups work
together.
The trusted legacy banks thatalready have our money with
(27:49):
these solutions that do itbetter, faster, cheaper, but
have challenges for adoptabilitylike holding wallet keys and
stuff.
Put that custody as a servicetogether with it, where the bank
is holding your keys and yeteverything's built into smart
contract like we do, and guys,it's gangbusters.
(28:12):
So that's it for today's episodeof your weekly roar.
If you're building, investing,or just paying attention, you're
early to one of the biggestshifts in our financial history
in the last 200 years.
So, but here's the thing ifyou're out there in your big
bank and you made it this far,pat yourself on the back.
We didn't think you would makeit.
(28:33):
But if you did make it and youwant to know more, you're
interested, reach out to us.
Because, guys, we already havefeet in both worlds, and I can't
leak any more than that.
Just big banks, bankers,whatever, small banks, regional
banks.
Heck, we don't care if you're acommunity-based bank or even a
(28:54):
little credit union.
Call us, talk to us, hear aboutwhat we got going on, and we
want to hear what you want to doand help you get there.
So until then, we will see younext week.
Thanks for being on.
Thanks, Brandon, for sharingwith it with us on this call as
always.
Appreciate you.
And we'll see you next time.
SPEAKER_01 (29:12):
Thanks, everybody.
Take care.
SPEAKER_00 (29:16):
Thank you for tuning in to your weekly Roar podcast.
See the show notes to learn moreabout the topics in today's
episode, and be sure tosubscribe so you never miss out
on the latest high impact trendsand strategies shaping the
future of decentralized tech.
Welcome back to your weekly roar, my friends.
Now, not just streaming,officially, our podcast is
becoming its own little babybroadcast.
We may be on radio for the next80 years, we don't know.
But we're starting right now,and my name is Dustin Hendrick.
(00:24):
Happy to be with my good friendhere, which you can't see on
radio if you're tuning into it.
Bring a billings, bring it intake it away.
Does my beard look okay?
Your beard looks great, man.
From where I'm listening, yourbeard looks great.
SPEAKER_01 (00:42):
Thanks, brother.
Today's episode is a big one, solet's dive into a philosophical
framework that's shaping thefuture of finance and what we're
calling banking 3.0.
SPEAKER_02 (01:01):
Big picture time, baby.
Let's start with the reality.
Global financial system is goingthrough a once in a century or
200 years, two centuriestransformation.
Traditional banking gave usstability, but it wasn't built
for a digital borderless world.
(01:21):
Let's be honest.
You tried to send money withWestern Union or anything else,
holy schneikes, this has notbeen fun.
So, what's emerging now throughWeb3 is a completely new
financial foundation.
We're taking, we're talkingabout the blockchain, but in
less crypto bro terms.
The smart contracts, thedecentralized identity, and
(01:43):
tokenized value we're goingafter.
And what we're presenting todayisn't anti-bank.
So, legacy bankers, if you'rehearing us because we're on a
new format and you're like,whoa, the crypto bros made it to
radio.
Um, listen, we're not kickingyou out.
We want to tear down the idea,the idea that we're tearing down
(02:09):
a system.
So we're gonna evolve banking,not destroy it.
This is a partnership, not acompetition.
So for you guys, we can'tcompete with your ability to get
stuff in and out of a physicallocation.
We can we cannot compete withthe relationships you have, long
(02:32):
going, and even what's been inthe past for how to use money.
However, you cannot compete withus with speed, transparency,
trustless systems, or more.
Even efficiency, you can'tcompare.
You can never compare.
You can't tell me the 21-dayclearing of something, or a
(02:52):
21-day closing of something, or14-day closing of a property, or
30-day closing on a house, ortransferring money somewhere 14
days or five days held, sevendays held, or depositing an
untrusted check, seven days, 14days, 21 days, or for that
(03:12):
instance, money coming from thegovernment and a direct deposit
taking three days.
Wait, what?
Charges of$5 to$21.
We're talking about seconds.
You can't compete with that.
SPEAKER_01 (03:25):
What are you saying, Brandon?
Go ahead, jump in.
I was gonna say, in allfairness, I wouldn't trust the
government either.
SPEAKER_02 (03:30):
So yes, we have a good, healthy distrust.
So we're not presentinganti-bank, hear us.
We're not tearing down thesystem.
We're evolving it, we'reperfecting it, we're
transparencying it with theright kind of obfuscation for
privacy and safety andprotection.
(03:52):
So banking 3.0 ispost-centralized, it's user
sovereign, and it's programmableby default.
SPEAKER_01 (04:00):
Yeah, uh, thank you, Dustin.
Um, so if you're a bankingexecutive listening to this,
here's the core idea.
Banking 3.0 is a framework tohelp institutions transition
safely into a Web3 future.
This isn't about removing banksor regulators, it's about
upgrading the infrastructure,introducing blockchain-based
(04:23):
settlement, programmablecontracts, and verifiable
transparency.
There are three major shiftshappening right now.
First, customers want ownership,not access, ownership of their
assets, their identity, andtheir data.
It's very important.
Uh second, trust is no longerassumed, it is verified through
(04:46):
cryptography, real-time audits,and transparent ledgers.
And third, competition isglobal.
It's no longer about geography,it's about adaptability, which
creates a huge opportunity forbanks to shift from holding risk
to providing infrastructure.
I'm telling you, listen to thatstatement.
SPEAKER_02 (05:09):
From holding risk to providing infrastructure, there
could be so many 2008, 2009wouldn't happen, 2007 wouldn't
happen.
It's different.
That's right.
We're talking about dealing withthe mindset of we spend nine
(05:30):
dollars of every one dollar yougive us.
That does not make sense.
We are a big investment bank andwe naked short sell so that we
undermine our competitor and wedrop their their value, Lehman
Brothers, from$14 a share,$21 ashare to 31 cents and put them
out of business.
And it's not even real, it's adifferent world.
(05:52):
So, evolution banking, let'sbreak it down historically.
Banking 1.0 with physicalbranches, paper ledgers, and
full institutional control iswhat it was.
Then there was banking 2.0,digital interfaces, mobile apps,
faster payments, but still verycentralized and still custodial.
(06:12):
And let's be honest, they playwith time value of money.
TVM.
If you don't know about TVM, goto your AI friend.
Or if you're scared of AI, go toGoogle, put your tinfoil hat on
and go to Google and ask it.
What is TVM?
What's the time value of money?
Because that's where banks makemassive money.
(06:36):
TVM, TVM.
If you're not doing first in,first out, and you pretend like
you're paying off people'scredit card and you're like
putting payments at differentdates and times by holdings, and
you're screwing with peoplegetting extra fees.
There's that.
There's a percentage of changejust over a day when they hold
(06:57):
it three days, five days, sevendays, 14 days, 21 days.
Is it really about the risk oris it an opportunity for them to
make a bank off of your moneysitting in limbo and feeing you
to death?
So that's banking 2.0.
It got digital, but even morecorrupt.
Let's be real.
Calling it out, bankers.
Don't hate on me too bad.
Now we enter banking 3.0, whereassets are user-owned.
(07:22):
Systems are transparent, andfinance is driven by smart
contracts, not fat cats eatingat the big oyster bar when they
get off from work and driving aLambo to do it.
That ain't what we're after.
The key shift here isphilosophical.
We move from trustinginstitutions to verifying truth.
So if you put your money in thatbank, you're trusting an
(07:44):
institution.
How many of you have tried toget out money recently to buy a
car or something?
You want to pay cash?
And they're like, what's thisfor?
And why are you doing it?
And we'll let you know when youcan get it.
What?
That's my money.
You can't tell me when I can doit.
If you've had that experience,you know what I'm talking about.
And I have.
So we're moving away from that,where we have to trust an
(08:06):
institution who really doesn'thave the money it says it has
and is spending more than itactually owns, is taking risk on
you.
So I would talk about the factthat it changed the way the
profiles work.
Go look this up.
Banks change the way theprofiles work.
So you're not, you're notnecessarily insured for what's
(08:27):
in your one account.
You're insured for what's overyour profile.
So if you have three accountsand you have other businesses
that are connected to yourprofile at the bank, your FDIC
insurance coverage is only onthe profile, not the granular
account.
Look it up.
(08:47):
This is real.
These changes happen in the veilof secrecy in the darkness of
night for the protection ofconsumers over the last four
years before we had insanityleave the White House.
Oh my goodness.
So this is real.
This is this is more than it'smore than philosophical to be
honest.
It's sovereignty.
(09:08):
It's sovereignty.
It's giving you your dignityback.
You worked for it, you earnedit, you own it.
Boom.
SPEAKER_01 (09:16):
Thank you, Dustin.
Uh let's talk about the coreprinciples, right?
So the the core principles, thetenants of banking 3.0.
First is self-sovereignty.
You talked a lot about that.
Users control their assets,identity, and data.
Custody becomes optional, right?
Uh that's really important.
(09:36):
Second, transparency by default.
Proof of reserves, publicaudits, and verifiable systems
are built in.
They're not added later.
That's literally theinfrastructure of how it works.
Third, programmable trust.
Smart contracts automateeverything from settlements to
lending to savings.
(09:58):
That's important.
Fourth, permission minimizedaccess.
So financial access withouttraditional gatekeeping, enabled
by cryptographic compliance.
So if you're in compliance, youwant your money, you get it.
You don't have to answerquestions.
Actually, my mom had the bestanswer to that question of what
do you want this money for?
(10:18):
She said, personal business.
And they gave her the money andshe went on and did what she
needed to.
It was great.
I just love that.
Um fifth, composability.
Think financial Lego blocks,systems that plug into each
other and evolve withoutcentralized approval.
And finally, incentivealignment.
(10:41):
Everyone in the system, users,builders, validators, they all
share in the upside.
SPEAKER_02 (10:48):
It's good stuff, man.
It's good stuff.
You should never have to explainyourself to your bank.
That's right.
You should never feel like youare um a bad person at your
bank.
You should never feel likethey're doing you a service at
your bank.
They are not.
It's a lie.
(11:09):
It's fake.
They are taking from you.
You are being sucked dry, andthen you're being told a lie
that you're the one that owesthem something.
No, no, no, no, no.
They're using your money,they're holding your money,
they're lending your money.
They could not exist withoutyou.
Get it right and get somegumption, get some backbone, and
(11:30):
tell them, no, I'm not going totell you anything about my
money, and you can back off.
Give my money.
I love what your mom did.
That's awesome, Brain.
And so here's what the wherethis gets real for institutions.
So if you're in here and you'restill listening, I'm shocked if
you are and you're a big banker.
But hey, good on you if you didand you're not pissed at me so
far.
But this is where it gets realfor you as an institution.
(11:52):
These principles are notabstract.
So the SEC, they're abstract.
They abstract things on purpose.
They obfuscate and createabstractions and what they call
bulletins, not real laws, butthings that they can say you're
not keeping as if it were a law,but they're never regulating on
that bulletin law, but on theheart of the law.
(12:13):
What the hell?
You get to choose how youbelieve my heart is about a law.
Guys, I don't need that kind ofsubjectivity, objectivity
mix-up.
I want you to be like honest togoodness, without your own
perception or your own opinionwhen it comes to banking, my
(12:36):
money, and the law.
It's not your business.
It's not your opinion.
I don't need your gossip.
I don't need to know what anyoneelse thinks about me, about my
spending.
Come on.
We are a democracy.
We need to pull up our big boypants and we need to remind the
government what our founderssaid that the government should
(12:56):
fear the people, never thepeople fear the government.
So let's get that back, right?
And don't let those big bankerspush us around.
So, big bankers, if you're stillon, so glad you're here.
Please don't be too pissed.
I'm going to show you a futurethat can make you not go out of
business.
But if you are and you droppedoff, we we will replace you.
This is how you can stop frombeing replaced.
(13:17):
These principles are notabstractions, they're not
bulletins, they're not thingsthat people can mess with or
interpret, which we've seenpeople regulate through their
own interpretation versus actuallaw.
These are tied to real contractsthat are binding.
(13:38):
They map directly to what banksalready do.
So if you hear a banker or abank say, we don't do crypto or
blockchain because it's the wildwild west, no, actually, the
users may be utilizing it likethat it's the wild wild west,
but it's more clear,transparent, and more direct and
more safe than your bank is.
(14:00):
It really is.
Because you can't fake the smartcontract when it's locked in.
It's law.
No heart of the law, no heart ofthe bulletin, no idea of
regulation.
All of those.
The IRS uses bulletins and havehas their own court system they
use against us, and you don'thave to show up for it and they
can take everything you own.
(14:20):
This is real today.
None of that is reallylegitimate or illegal, but
they're using it on us.
Think about it.
Banks are doing the same.
So back to this.
This is real.
Custody becomes custody as aservice.
Users hold assets, banks providesecurity and recovery.
That's all.
The bank doesn't own your money.
Right now, you don't own yourmoney if it's in a bank.
(14:43):
And big guys out there, thatactually should scare you if
you're a big banker.
You should never want that levelof responsibility because guess
what?
When you got a legal entitythat's daddy's home style,
they're gonna come for youbecause you are the ones that
are responsible for thatcustodying.
(15:06):
You're the one that has thetrust of those people.
And if you do wrong, you can bepersonally liable for it.
And you know that.
You know that this takes thataway.
It keeps users sovereign,reduces risks, and also removes
that liability of custodybecause custody is a service,
(15:28):
it's not pure custody.
The audit and reporting shiftfrom periodic and opaque to
real-time and transparent.
Settlement moves from delayedbatch processing to instant or
programmable execution.
In our blockchain, the 2.0blockchain we're building right
now, Roar Chain 2.0, thatblockchain literally has to be
(15:51):
slowed down because it executesso fast, it'll scare banking
systems.
So we've slowed it down toensure there's the ability for
checks and balances that a bankmay want and meet whatever ISO
requirements banks have.
And we've done all of that.
White papers are oncoming.
You guys can see what we'vedone.
We have done so many whitepapers on both that chain
(16:15):
function, platform function, aswell as um on banking 3.0 for
you.
I mean, we're talking probably15 to 20 plus white papers,
right?
Compliance evolves intocryptographic enforcement.
Rules are embedded directly insystems, and then a pro product
development becomes modular,integrating with open protocols
(16:38):
instead of building closedsystems.
And we're finding there arebackdoors in closed systems.
I don't care whether it'sbanking, finance, voting,
government, defense.
We have found backdoorseverywhere.
Manchurian chips, remotefunction, remote install, remote
(16:58):
wipe.
Guys, this changes all of it.
SPEAKER_01 (17:04):
So what happens to banks then?
Uh they don't disappear, theytransform from custodians to
infrastructure providers,running nodes, providing
liquidity, acting as on-offramps, from gatekeepers to
validators, offering riskanalysis, auditing smart
contracts, and interfacing withregulators.
(17:26):
Uh, in short, they becomeparticipants rather than
controllers.
SPEAKER_02 (17:30):
I love that.
I love that.
So, some Web3 financialprimitives.
We need to dig into it.
Let's talk about what makes thisall possible.
It's the new primitives offinance.
So the basics.
Let's get it down to the basics.
Back to the basics.
Tokenized value, on-chainidentity, decentralized storage,
(17:52):
smart contract automation, andprogrammable incentives that are
automated, systems that rewardbehavior in real time and are
directly correlated.
And really they're immutable,unstoppable, and censorship
resistant.
Why is that important?
All of these things are builtinto contracting and the chain
(18:15):
and the ledgers themselves,which means it's not up for
someone who wants to law faresomebody or de-platform debunk
to personally use their power ina position to bully someone.
And it is bullying.
I've been de-banked and it'sbullying.
Part of what we built and how webuilt it is because we're
(18:36):
getting in the middle of thefray to make sure that people
aren't bullied in the future theway we've been bullied.
We've been able to do our wholebusiness literally from a crypto
perspective.
So we built it and now we'redoing more.
I can't leak right now, butthere is so much to be leaked.
Won't let you get there, butit's there.
(18:57):
So these create financialsystems that are always on,
globally interoperable, andtrust minimized.
By the way, trust minimized isimportant.
It means that you don't have totrust an individual to be
trustworthy, right?
An agent of trust.
(19:17):
So there's agency and there'strust.
Now, if you're in the legalworld, you're like, that's
exactly what it is.
In our world, it means this ittakes out the human that can
make the error based on judgmentor their personal opinion.
And it puts it down to theletter of the law.
I love this.
Got two definitions for you.
(19:38):
My definition of abuse orbullying in this case, and my
definition of neglect.
My definition of abuse orbullying is not knowing how to
avoid punishment.
Let's just say that everybulletin for the SEC, the IRS,
the CFTC, or anyone else outthere, banks included, FDIC, I
(20:01):
don't care.
Fed now system, the Fed,Treasury, whatever, they all
have these bulletins, andthey're supposed to measure the
law by the heart of the law.
That's all kinds of room forbullying.
I like the letter of the law.
And why I like the letter of thelaw is it's programmable.
And guess what happens?
You know how to avoidpunishment.
(20:23):
Now they're out there andthey'll say, well, that means
that the bad guys can findworkarounds.
So let them just get smarter andbuild better laws in smart
contracts.
So stop allowing people thatopacity, which is what it is in
these bulletins, to bully goodpeople because they got power.
And y'all, it's just like, I'lltell you, it's like Africa.
(20:45):
When I worked in Africa, theleadership used to say, whoever
leads eats.
So whatever tribe leads next isthe one that gets to eat, and
they bully everyone else.
So if you're out there andyou're your African background,
you're like, that's exactly whatit is.
You know what I'm talking about.
That it cannot be how it is.
This needs to be deconstructedso it's not attached to Congress
(21:06):
or political oversight orDemocrat versus Republican.
It should be flat out, honest toGod laws, written in code,
because that's transparency.
Now, my last definition I'llgive you is this.
And this is good for us to have.
So that's bullying and abuse.
Let's talk about neglect.
Neglect is not telling someonehow they can be successful or
(21:27):
grow.
Prove me wrong.
In parenting, that's abuse andneglect.
That's bullying and neglect.
So we need to be laser clear.
Here's how you can become thebest you can be at your finance.
And take that out of those bigboy fat cat, you know, horse
driving, Lamborghini driving,Mercedes driving, whatever.
(21:49):
I don't care.
People that are driving aroundyour car on your money, on your
fuel, self sovereignty.
So this Creates trust minimizedsolutions.
You don't have to worry aboutwhether you're abused from it.
And you can plug into othertrust minimized solutions.
Let's talk about this wayauditing becomes very easy,
(22:12):
which means taxes become easy.
It's just ledgers to ledgers.
It should be easier than we madeit.
SPEAKER_01 (22:20):
This makes it easy.
So, Dustin, the next bigquestion then is what about
regulation?
Banking 3.0 doesn't remove it,it upgrades it.
Then rules become code, then,like you were just saying,
audits happen in real time, andrisk is transparent.
Any regulators actually gain uhmore visibility, not less.
SPEAKER_02 (22:44):
I think that's important for some of the
regulators, especially since 80%of the debt owed to the IRS is
by IRS employees.
I just throwing that littlenugget out there for you.
I might be wrong on the exactnumber, but if it's north of
10%, my friend, something'swrong.
(23:04):
So yeah, there you go.
Well, you know, go ahead and sayit.
SPEAKER_01 (23:08):
It could be too that uh it makes it harder for
corruption in a system likethis.
And and there's a lot of peoplemaybe that take advantage of
that corruption, right?
So they may push back against asystem that would reveal quite
so much.
Yeah, crypto would make thingsum act less blue.
SPEAKER_02 (23:33):
I'm not pointing at any out there that's actually
robbing us blind, but I am.
There you go.
If that means you, oh well, dealwith it.
I don't care.
This is this transition is notovernight, it's evolutionary.
Okay.
We're talking hybrid systems,custodial and non-custodial
models working together.
So it's not gonna be quick.
Actually, it probably will bebecause we're already building
(23:54):
out into Saiyan.
If you're out there and you'rehearing this, you're gonna want
what we got because we can makeit, you know, overnight.
Um to say in tokenized internalledgers, proof of reserve
systems, smart contractsettlement layers.
It's gonna take a minute.
We're thinking about it, we'rebuilding it.
The goal is confidence, notdisruption.
Now, that transition is gonna besomething that takes time.
(24:17):
And honestly, we're already onthe front end of that too.
I cannot leak right here, but Iwant to so bad because we're
crossing that line and makingsure that on either end of it we
got the answers.
SPEAKER_01 (24:29):
So, to that point, this is where Roar comes in.
Roar isn't trying to be a bank,it's embodying the philosophy of
banking 3.0 user-owned assets,transparent tokenomics,
incentive alignment, and modulardecentralized infrastructure
that evolves over time.
SPEAKER_02 (24:47):
And banking 3.0 coming isn't coming because of
ideology.
It's coming because it's moreefficient, more transparent,
better aligned, faster, better,cheaper.
That's all I can say.
So I'm gonna say it again.
Three days, five days, sevendays, 14 days, 21 days, and then
(25:09):
add weekends to those.
And those are business days thatthings can be held.
Experiences I've had personally,whether it's a check being held
that's untrusted, or deposit iscoming in, three, five, seven,
fourteen, twenty-one, those arenormal days in the banking
world.
And then those are businessdays.
So a month for the worst casescenarios of certain
(25:31):
transactions, that's just notthe same as seconds.
SPEAKER_01 (25:35):
That's right.
SPEAKER_02 (25:36):
We have slowed our transaction time down to six
seconds.
That's right.
Also, let's go beyond that.
Fees each one of those have afee.
You get hit with fees all thetime.
And the fees are not fivedollars or whatever, they're
(25:58):
literally fractions of a penny,like point zero zero zero one
cent.
And that's to transfer a hundredthousand dollars if you want,
whatever you want to do,immediacy, speed, trust, and
then with the help of banking3.0 and legacy banking and that
(26:19):
custodying of wallets andsystems, just think about how it
can be absolutely adopted foreveryone and saves everyone so
much money and creates so muchmore trust, taking away that
fear.
So it's just institutions willwin, and the ones that will win
(26:42):
will win because they're theones that embrace
programmability andtransparency.
They're gonna respect userownership and they're gonna
build transparency into the coreof their systems.
Those are the ones that aregonna win.
The others, you'll be left inthe dirt, you're gonna be a
glorified ATM.
Know that because it's gonnahappen.
The future banking isn'tcentralized or decentralized per
(27:06):
se.
It's verifiable, programmable,and user first.
And that will be bothcentralized and decentralized,
but at the same time overlappingwith trustless solutions.
So, anyway, I hope that wasn'ttoo like heady or deadly or
whatever.
(27:26):
Hope it really gets to you, andyou can see from a developer's
perspective, what we're tryingto make very available to every
user on the street.
This is a better world.
And it's even better, evenbetter if both groups work
together.
The trusted legacy banks thatalready have our money with
(27:49):
these solutions that do itbetter, faster, cheaper, but
have challenges for adoptabilitylike holding wallet keys and
stuff.
Put that custody as a servicetogether with it, where the bank
is holding your keys and yeteverything's built into smart
contract like we do, and guys,it's gangbusters.
(28:12):
So that's it for today's episodeof your weekly roar.
If you're building, investing,or just paying attention, you're
early to one of the biggestshifts in our financial history
in the last 200 years.
So, but here's the thing ifyou're out there in your big
bank and you made it this far,pat yourself on the back.
We didn't think you would makeit.
(28:33):
But if you did make it and youwant to know more, you're
interested, reach out to us.
Because, guys, we already havefeet in both worlds, and I can't
leak any more than that.
Just big banks, bankers,whatever, small banks, regional
banks.
Heck, we don't care if you're acommunity-based bank or even a
(28:54):
little credit union.
Call us, talk to us, hear aboutwhat we got going on, and we
want to hear what you want to doand help you get there.
So until then, we will see younext week.
Thanks for being on.
Thanks, Brandon, for sharingwith it with us on this call as
always.
Appreciate you.
And we'll see you next time.
SPEAKER_01 (29:12):
Thanks, everybody.
Take care.
SPEAKER_00 (29:16):
Thank you for tuning in to your weekly Roar podcast.
See the show notes to learn moreabout the topics in today's
episode, and be sure tosubscribe so you never miss out
on the latest high impact trendsand strategies shaping the
future of decentralized tech.
Popular Podcasts
Hey Jonas!
Hey Jonas! The official Jonas Brothers podcast. Hosted by Kevin, Joe, and Nick Jonas. It’s the Jonas Brothers you know... musicians, actors, and well, yes, brothers. Now, they’re sharing another side of themselves in the playful, intimate, and irreverent way only they can. Spend time with the Jonas Brothers here and stay a little bit longer for deep conversations like never before.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by Audiochuck Media Company.
Betrayal Weekly
Betrayal Weekly is back for a new season. Every Thursday, Betrayal Weekly shares first-hand accounts of broken trust, shocking deceptions, and the trail of destruction they leave behind. Hosted by Andrea Gunning, this weekly ongoing series digs into real-life stories of betrayal and the aftermath. From stories of double lives to dark discoveries, these are cautionary tales and accounts of resilience against all odds. From the producers of the critically acclaimed Betrayal series, Betrayal Weekly drops new episodes every Thursday. If you would like to share your story, you can reach out to the Betrayal Team by emailing them at betrayalpod@gmail.com and follow us on Instagram at @betrayalpod and @glasspodcasts. Please join our Substack for additional exclusive content, curated book recommendations, and community discussions. Sign up FREE by clicking this link Beyond Betrayal Substack. Join our community dedicated to truth, resilience, and healing. Your voice matters! Be a part of our Betrayal journey on Substack.