Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Hearts of Oak:
And hello, Hearts of Oak. Thank you so much for joining us once again. (00:23):
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Hearts of Oak:
It's great to have a brand new guest inside. We're going to learn all about (00:26):
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Hearts of Oak:
blockchain, crypto, a whole other sector. (00:30):
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Hearts of Oak:
And we've had a number of guests talking about this, but it's wonderful to have (00:34):
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Hearts of Oak:
Brian Ferry with us. Brian, thanks so much for giving us your time today. (00:38):
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Bryan Ferre:
Thank you for having me. I'm excited about this. (00:43):
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Hearts of Oak:
Great to have you. I've delved into the background in your world. (00:45):
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Hearts of Oak:
Obviously, brandfairy.com is the website. People can go there and look at the (00:50):
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Hearts of Oak:
many articles you've written, your background. (00:55):
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Hearts of Oak:
We'll see where this conversation goes because I've often talked to people in (00:59):
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Hearts of Oak:
terms of crypto, in terms of investing, and that's the financial side. (01:04):
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Hearts of Oak:
But there's a whole other side that is developed, which maybe wasn't originally (01:09):
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Hearts of Oak:
part of the thinking back whenever Bitcoin first surfaced. (01:14):
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Hearts of Oak:
And that's actually security and building a whole infrastructure on the blockchain, (01:20):
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Hearts of Oak:
which is completely separate. (01:26):
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Hearts of Oak:
But, Brand, if I could ask you a little bit about your background before we (01:28):
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Hearts of Oak:
jump into this. And I've looked into your background, and I can't even try and sum it up. (01:33):
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Hearts of Oak:
So I will throw the ball to you, and then we'll pick up on some of these issues. (01:39):
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Bryan Ferre:
Yes. Yeah, I've had kind of an interesting journey through my career. (01:44):
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Bryan Ferre:
I started out in, I was actually a classically trained graphic designer, (01:50):
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Bryan Ferre:
and did graphic design work for about the first five years of my career. (01:55):
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Bryan Ferre:
And in 1995, I kind of BS'd my way into designing a website. (02:03):
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Bryan Ferre:
Uh, and at the time I didn't even, I'd only been on the internet twice and, (02:12):
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Bryan Ferre:
uh, it's kind of a funny story. (02:17):
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Bryan Ferre:
I'll share it with you someday, but I, uh, so that kind of transitioned my career over to the tech side. (02:21):
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Bryan Ferre:
And, uh, in 2000, actually 1999, I was, uh, working on a project. (02:28):
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Bryan Ferre:
I'll share the idea. and you tell me if you think it was a good one because (02:35):
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Bryan Ferre:
our client thought it was the dumbest thing they'd ever heard of. (02:39):
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Bryan Ferre:
So back in those days, there were, there was no such thing as digital cameras and smartphones. (02:43):
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Bryan Ferre:
And so if you wanted to quote, digitize your photos, you had to scan them. (02:49):
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Bryan Ferre:
And so we built this website. It was called gather round.com. (02:55):
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Bryan Ferre:
And what it did is it went through your network and it found your scanner and (03:01):
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Bryan Ferre:
you would scan your photos, you know, photos of little Johnny playing baseball (03:06):
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Bryan Ferre:
and your daughter dancing in a contest or whatever. (03:10):
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Bryan Ferre:
And it would post these photos onto a web page and then you could invite your (03:14):
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Bryan Ferre:
friends and family to gather around. (03:19):
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Bryan Ferre:
And then your friends could post a little thing. Oh, that's a great picture of Johnny. (03:22):
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Bryan Ferre:
And then you could share that with everyone. (03:26):
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Bryan Ferre:
And our client at the time, their CEO said, that's the dumbest thing I've ever heard. (03:30):
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Bryan Ferre:
No one will ever put pictures of their kids on the Internet. (03:37):
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Bryan Ferre:
We like to say we created the first Instagram page. (03:40):
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Bryan Ferre:
But they didn't like it. And so several years later, of course, (03:44):
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Bryan Ferre:
MySpace came out and Friendster and Facebook. (03:49):
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Bryan Ferre:
And in 2002, I was speaking at a tech conference and I talked about the dangers (03:52):
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Bryan Ferre:
of big tech scraping behavioral data. (03:58):
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Bryan Ferre:
And I was pretty much laughed off the stage, right? (04:03):
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Bryan Ferre:
Everyone was like, all these tech guys were like, no one's ever going to do (04:07):
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Bryan Ferre:
that. That's not a worry. (04:11):
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Bryan Ferre:
And then, of course, Google came out, and Google became sort of the centerpiece (04:14):
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Bryan Ferre:
of the internet at the time. (04:20):
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Bryan Ferre:
It was sort of this time where America Online was kind of going away, (04:21):
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Bryan Ferre:
and people could just browse the internet. (04:27):
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Bryan Ferre:
And I found it interesting when Google came out, they had a corporate motto, (04:31):
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Bryan Ferre:
and their corporate motto was never do anything evil. (04:37):
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Bryan Ferre:
And what is interesting, as we have watched as Web2 kind of evolved, (04:40):
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Bryan Ferre:
is that's precisely what they do. (04:48):
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Bryan Ferre:
And so in 2015, I was introduced to blockchain tech. (04:53):
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Bryan Ferre:
That was my first introduction to it. (04:59):
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Bryan Ferre:
And I had just gone through a rather traumatic experience in my life. (05:02):
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Bryan Ferre:
My wife passed away at the age of 44. (05:07):
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Bryan Ferre:
And it turned out that it was a medical error. (05:12):
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Bryan Ferre:
Basically, she was seeing two different doctors and they weren't sharing data (05:18):
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Bryan Ferre:
and they gave her a combination of medicines that took her life. (05:21):
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Bryan Ferre:
And not long after that, I was introduced to blockchain. And I realized when (05:25):
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Bryan Ferre:
I first saw blockchain, that this could solve those types of problems and it (05:29):
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Bryan Ferre:
could solve the big tech data problem and centralization and all of this. (05:35):
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Bryan Ferre:
And so I became quite passionate about blockchain. And at the time, (05:40):
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Bryan Ferre:
I wasn't even interested in the crypto side. (05:44):
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Bryan Ferre:
In fact, I didn't really even understand it. (05:48):
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Bryan Ferre:
What year was this? 2015. Okay. (05:53):
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Bryan Ferre:
And I actually turned down 500 Bitcoin to design a logo. I didn't get it, right? (05:57):
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Hearts of Oak:
We all make mistakes. (06:04):
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Bryan Ferre:
Yeah. As we went into 18, 19, 20, some really, really weird stuff was happening. (06:06):
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Bryan Ferre:
And I started writing about it on a fairly regular basis. (06:18):
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Bryan Ferre:
Cancel culture, this whole woke movement. (06:23):
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Bryan Ferre:
And these tech companies were silencing people and shadow banning them. (06:27):
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Bryan Ferre:
And the whole concept of freedom of speech was being just, you know, annihilated. (06:33):
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Bryan Ferre:
And so in 2020, there was a platform, a social media platform that had just (06:40):
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Bryan Ferre:
grown tremendously fast. (06:47):
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Bryan Ferre:
It was the fastest growing app in the app store and the most downloaded app (06:49):
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Bryan Ferre:
in the app store called Parler. (06:54):
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Bryan Ferre:
And Parler was, you know, Donald Trump was canceled from all the other platforms (06:56):
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Bryan Ferre:
and he landed into Parler. (07:04):
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Bryan Ferre:
And so it gave him his voice back. (07:07):
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Bryan Ferre:
And when it was canceled, I remember I was talking to a couple of my friends and I said, you know, (07:10):
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Bryan Ferre:
this idea that big tech can just shut down, you know, platforms like this, (07:17):
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Bryan Ferre:
that's a very scary thing. (07:24):
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Bryan Ferre:
And so in 2021, I got together with several of my now partners and we decided, (07:26):
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Bryan Ferre:
you know, we're going to take this world on. (07:35):
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Bryan Ferre:
But in order to do it, we got to do it in a decentralized way. (07:37):
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Bryan Ferre:
We've got to do it on the blockchain and we've got to own all of the infrastructure (07:41):
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Bryan Ferre:
because if we don't own it, we'll, we'll just get shut down. Right. (07:46):
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Bryan Ferre:
And so we started a partner back. (07:50):
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Hearts of Oak:
In the day, Andre AWP. (07:52):
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Bryan Ferre:
Yeah, exactly. So we did it. And we built this blockchain. (07:54):
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Bryan Ferre:
And we basically give the users back their ability to not only say what they (08:00):
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Bryan Ferre:
want, but engage in any way that they want. (08:08):
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Bryan Ferre:
And we use blockchain to reward them for doing that. (08:11):
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Bryan Ferre:
And one of the things that I think is starting to emerge in blockchain, (08:14):
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Bryan Ferre:
you know, I always tell this story, I've told this story for years, that a good farmer, (08:20):
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Bryan Ferre:
you know, somebody who's going to grow a crop, a good farmer knows that you (08:28):
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Bryan Ferre:
have to prepare the soil. (08:33):
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Bryan Ferre:
And usually that's done with manure, right? (08:35):
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Bryan Ferre:
You blend in manure so that you get all these nutrients into the soil. (08:40):
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Bryan Ferre:
And so basically every great crop is the result of a pile of shit. (08:46):
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Bryan Ferre:
And that's what crypto was for 10 years. (08:54):
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Bryan Ferre:
It was just a bunch of tech nerds creating currencies and hoping that somebody would buy them. (08:59):
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Bryan Ferre:
And it was the same way in the early days of the internet. (09:06):
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Bryan Ferre:
You had all these people trying to figure out what do we do with this tool? (09:09):
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Bryan Ferre:
And so, but in the last five years, what's happened in the world of crypto is (09:13):
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Bryan Ferre:
there's kind of this new emphasis on what are we creating and why are we creating it? (09:20):
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Bryan Ferre:
And because of that, you're starting to see more purpose-driven projects that (09:26):
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Bryan Ferre:
are actually trying to solve real problems, right? (09:32):
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Bryan Ferre:
XRP, which has kind of become the darling child of blockchain. (09:35):
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Bryan Ferre:
XRP was designed with purpose, and that (09:42):
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Bryan Ferre:
purpose was to solve problems for international banks, which is great. (09:45):
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Bryan Ferre:
Except I personally didn't go to bed last night thinking, gosh, (09:49):
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Bryan Ferre:
I hope they solve the international banking crisis, right? (09:54):
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Bryan Ferre:
But we do go to bed worried about things like our medical records and our health records. (09:57):
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Bryan Ferre:
And we also worry about the availability and the reliability on research and (10:02):
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Bryan Ferre:
science and advancements in medicine. (10:11):
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Bryan Ferre:
And we also worry about, you know, our families and what's going on in our schools. (10:14):
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Bryan Ferre:
And I see blockchain as a way to correct a lot of these problems. (10:21):
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Bryan Ferre:
And the reason I say that, you know, we talk about education. (10:27):
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Bryan Ferre:
I don't know what it's like over there in Great Britain, but our education system (10:32):
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Bryan Ferre:
here in the States is a joke. (10:38):
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Bryan Ferre:
And part of the problem, I think, and I'll just give you an example, (10:41):
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Bryan Ferre:
in the States, higher education, if you're a professor, your incentive as a (10:45):
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Bryan Ferre:
professor is to become published. Right. (10:52):
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Bryan Ferre:
Do research and become published. That's how you, you know, grow up in your career. (10:55):
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Bryan Ferre:
That's how you become tenured, right? (11:03):
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Bryan Ferre:
Has nothing to do with educating students. There's no incentive on educating (11:06):
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Bryan Ferre:
students and improving student outcomes, learning outcomes. (11:11):
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Bryan Ferre:
And so if we take the idea of blockchain and we apply it to that, that one problem, (11:15):
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Bryan Ferre:
if we could incentivize, create a new economy around actual student outcomes (11:22):
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Bryan Ferre:
and incentivize students to learn better and learn more and incentivize teachers (11:29):
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Bryan Ferre:
to teach better and teach more, (11:34):
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Bryan Ferre:
then you can actually start to make a difference in education. (11:36):
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Bryan Ferre:
And you can use that same model to solve pretty much all the problems that we (11:40):
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Bryan Ferre:
see, which we know across the board there are problems. (11:47):
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Bryan Ferre:
And so that's probably a little more than you wanted to know, (11:51):
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Bryan Ferre:
but that's how I got to where I am today. (11:54):
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Bryan Ferre:
And I became really, really personally passionate about this notion of – there's really two pieces. (11:57):
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Bryan Ferre:
The idea that companies like Facebook and TikTok and all these companies, (12:05):
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Bryan Ferre:
the idea that they extract value out of my attention is a big problem. (12:11):
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Bryan Ferre:
And the second problem that I believe we're on a mission to solve is global poverty. (12:18):
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Bryan Ferre:
You know, if you look at the majority of our planet, these people. (12:25):
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Bryan Ferre:
Because their economies don't, you know, aren't responsive and reactive and (12:31):
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Bryan Ferre:
they don't have a lot of innovation, they don't have a lot of investment. (12:36):
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Bryan Ferre:
A lot of people, you know, go through life not making very much money and yet they pay attention. (12:39):
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Bryan Ferre:
Isn't it interesting that when we talk about our attention, we use financial (12:47):
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Bryan Ferre:
terms? I pay attention. I spend time. (12:50):
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Bryan Ferre:
I spend, you know, it's interesting. And the reason is because that's the most (12:53):
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Bryan Ferre:
valuable thing on planet Earth is our attention. (12:57):
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Bryan Ferre:
If none of us were here, oil would just be another type of mud, right? (13:00):
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Bryan Ferre:
It's what we value that creates value. (13:05):
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Bryan Ferre:
So interestingly, when we relaunched Parler and we started getting the word (13:08):
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Bryan Ferre:
out that you own your data on this platform, (13:14):
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Bryan Ferre:
you own your content, and you own your attention and your behavioral data. (13:18):
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Bryan Ferre:
And if you want to monetize that, you can. (13:24):
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Bryan Ferre:
You can earn to engage. (13:27):
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Bryan Ferre:
And currently, right now, we have a group of users. (13:30):
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Bryan Ferre:
Some of them are in Pakistan. Some of them are in India. (13:35):
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Bryan Ferre:
And they're earning anywhere from $7 to $12 a day just by interacting on the platform. (13:38):
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Bryan Ferre:
Now, you and I might think, well, that's a cup of coffee. Well, guess what? (13:47):
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Bryan Ferre:
That's what they earn every month. (13:52):
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Bryan Ferre:
So they're literally 30X-ing what they earn every month and just by extracting (13:55):
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Bryan Ferre:
value from their attention. (14:01):
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Bryan Ferre:
And so that's where I think blockchain and crypto and this idea of sovereign (14:03):
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Bryan Ferre:
wealth, the ability for me to own my stuff, (14:10):
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Bryan Ferre:
that's where I think blockchain and crypto are really headed. (14:16):
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Bryan Ferre:
The idea that fart coin and all these other meme coins, this stuff's just going (14:20):
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Bryan Ferre:
to go away, just like pets.com went away in the dot-com bubble. (14:30):
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Bryan Ferre:
You have to be solving real problems and problems that affect everyone. (14:35):
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Hearts of Oak:
Well let me ask because you look (14:41):
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Hearts of Oak:
at the the meme coin or or shit coin or however (14:44):
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Hearts of Oak:
you want and a money making scheme you look (14:47):
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Hearts of Oak:
at the crazy amounts of money and for someone to make money means many other (14:50):
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Hearts of Oak:
people get get screwed over basically when you look at rug pools and how they (14:55):
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Hearts of Oak:
work but but that's separate to up to you at one of the the many tokens one (15:00):
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Hearts of Oak:
of the many coins available. (15:07):
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Hearts of Oak:
And then the whole issue of decentralization, which huge concern of our information, (15:09):
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Hearts of Oak:
our data, mistrust of governments, holding that centrally. (15:16):
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Hearts of Oak:
And the whole cryptosphere takes that to actually, this is not a centrally controlled. (15:21):
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Hearts of Oak:
This is actually across the board. And you've got that decentralization. (15:29):
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Hearts of Oak:
I mean, speak into that, Because I think that is really important to any of (15:34):
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Hearts of Oak:
the viewers who are concerned at the control that governments have and why crypto (15:38):
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Hearts of Oak:
offers something which is very different. (15:43):
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Bryan Ferre:
Yeah. So let's talk about first just the idea of centralized control. Yeah. (15:46):
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Bryan Ferre:
I have mentioned a couple of times in our conversation that companies like Facebook (15:54):
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Bryan Ferre:
and Google and TikTok, they do these things that are somewhat nefarious. (16:01):
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Bryan Ferre:
I've said this many times. The average American reads in a year about 15,000 words. (16:09):
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Bryan Ferre:
The Facebook user agreement is 14,000 words. (16:16):
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Bryan Ferre:
So we know they didn't read it, right? (16:20):
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Bryan Ferre:
Now, the idea that they are doing something nefarious and doing something wrong is actually false. (16:24):
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Bryan Ferre:
Mark Zuckerberg is the head of a publicly traded company. (16:32):
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Bryan Ferre:
He has a legal fiduciary responsibility to make as much money as he can for his shareholders. (16:36):
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Bryan Ferre:
And so the idea of centralized control is what fuels all of these problems that we have, (16:43):
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Bryan Ferre:
the governments of the world and this idea of centralized control. (16:53):
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Bryan Ferre:
Now, sometimes when I start talking about decentralization, I think people think (16:59):
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Bryan Ferre:
that I'm saying, well, we shouldn't have any central control of anything. (17:03):
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Bryan Ferre:
And I don't. That's not true. (17:07):
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Bryan Ferre:
But what the government should be doing is uniting the people, (17:10):
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Bryan Ferre:
not dividing the people. (17:15):
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Bryan Ferre:
And so the idea that a central authority could unite us, I think, (17:17):
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Bryan Ferre:
that's where we should be going. (17:24):
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Bryan Ferre:
Now, I'll also say this about the financial markets, how money gets distributed and how it gets used. (17:27):
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Bryan Ferre:
Primarily, most of the coins, the crypto coins that you see, (17:40):
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Bryan Ferre:
you can't use them for anything. The only thing you can do is sell them for fiat. (17:45):
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Bryan Ferre:
And that's one of the things that we're focused on is creating utility for these (17:51):
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Bryan Ferre:
tokens so that you can extract value and get value by using them. (17:56):
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Bryan Ferre:
And I think that's what you'll see happen over the next couple of years. (18:02):
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Bryan Ferre:
I did want to mention there is this, I talked about it briefly, (18:05):
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Bryan Ferre:
but there is this idea that crypto gives us a new way to add value to existing things, right? (18:11):
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Bryan Ferre:
So the idea that your behavioral data, your choices, your preferences, (18:22):
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Bryan Ferre:
your fears, the things you believe (18:27):
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Bryan Ferre:
has value, well, crypto allows us to create an economy around that. (18:29):
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Bryan Ferre:
And we just announced a couple of days ago a partnership that we are very, (18:34):
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Bryan Ferre:
very excited about with a group called Holy Deeds. (18:40):
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Bryan Ferre:
Holy Deeds is working directly with the Vatican to... (18:44):
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Bryan Ferre:
Create and extract value out of sacred relics, out of spiritual art. (18:53):
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Bryan Ferre:
And we're looking at this not as a way to make money. (19:00):
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Bryan Ferre:
In fact, most of the money that is going to swirl around all of this is going (19:04):
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Bryan Ferre:
to go to help people, right? (19:10):
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Bryan Ferre:
It's not about making anyone a gajillionaire, right? (19:12):
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Bryan Ferre:
But I want you to think about this for a second. Over the last 20 years, (19:16):
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Bryan Ferre:
just in our lifetime, We have seen a shift in our society away from the values (19:20):
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Bryan Ferre:
that we have held for 2000 years. (19:28):
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Bryan Ferre:
And it's not, I don't think it's because people don't believe anymore. (19:31):
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Bryan Ferre:
It's that the, the, the over institutionalization of everything, (19:37):
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Bryan Ferre:
like, and I'm talking government, I'm talking schools, I'm talking everything that, that has led the, (19:43):
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Bryan Ferre:
the next generations to mistrust faith and mistrust our values. (19:51):
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Bryan Ferre:
And I, I'm, I'm cautious when I talk about this because I, for one, (19:58):
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Bryan Ferre:
and, and this is maybe not a popular belief, but I, for one, (20:04):
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Bryan Ferre:
believe that we as a, as a people, and I'm talking about everyone on planet earth, (20:08):
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Bryan Ferre:
we as a people are held together by our faith. (20:14):
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Bryan Ferre:
In fact, I wrote a whole book about what faith really is because most people (20:19):
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Bryan Ferre:
believe that faith means I believe in something that I can't see. (20:25):
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Bryan Ferre:
Well, the reality in my view, the reality is faith is the energy that makes all things possible. (20:30):
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Bryan Ferre:
What we've been told over the (20:39):
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Bryan Ferre:
last 20 years is that all things are not possible. And it's created this, (20:41):
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Bryan Ferre:
I'm going to call it schism. And we look around the world and you see all these (20:47):
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Bryan Ferre:
religious wars and religious back and forths and all of this stuff that does (20:51):
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Bryan Ferre:
not represent the people that represents a few people. Right. (20:56):
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Bryan Ferre:
And so we're really excited about this relationship because I think part of (21:00):
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Bryan Ferre:
everyone's mission should not only be to free the minds and free the voices of the people, (21:06):
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Bryan Ferre:
but we also should be encouraging us to come back together in faith surrounding values, right? (21:13):
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Bryan Ferre:
And so I don't know how I got off on that segue, but the idea that if you think (21:23):
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Bryan Ferre:
about economies in general, most economies are measured. (21:30):
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Bryan Ferre:
In fact, the indicators that we look out to determine whether an economy is (21:35):
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Bryan Ferre:
healthy or not, is productivity and production, right? (21:39):
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Bryan Ferre:
And that has fueled capitalism and capital markets around the world for many, (21:44):
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Bryan Ferre:
many decades since the turn of the century, right? (21:52):
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Bryan Ferre:
But if we can now find ways to create new economies that have never existed (21:57):
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Bryan Ferre:
before, I have a friend that's working on a project, a blockchain project, (22:04):
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Bryan Ferre:
to incentivize industrial mining companies to make good decisions and do what's (22:09):
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Bryan Ferre:
good for the planet and do what's good for the people. (22:18):
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Bryan Ferre:
All of these types of projects are what is really going to happen in crypto (22:21):
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Bryan Ferre:
because it gives us the ability to unlock value that we've never been able to do before. (22:27):
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Hearts of Oak:
Tell us a little bit about how you came to Optio as one of 10,000, (22:35):
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Hearts of Oak:
maybe, cryptocurrencies available. (22:41):
undefined
Bryan Ferre:
There's more than a million. Are there? (22:45):
undefined
Hearts of Oak:
I just look at CoinMarketCap and I just have to make that say. (22:49):
undefined
Hearts of Oak:
But there are lots created. You look at some of the sites and ones are created (22:53):
undefined
Hearts of Oak:
and then they're rug pulled and they disappear. (22:59):
undefined
Hearts of Oak:
No function at all except to make a very small amount of people rich or not so rich. (23:03):
undefined
Hearts of Oak:
But where does Optio fit into that? You've talked about the connection with Holy Deed, (23:12):
undefined
Hearts of Oak:
which is really interesting because this is real-world connections as opposed (23:17):
undefined
Hearts of Oak:
to just something in the crypto space that actually makes you money and then disappears. (23:22):
undefined
Hearts of Oak:
And this real-world problem you're talking about, really interesting, (23:29):
undefined
Hearts of Oak:
But where does Optio fit in that? (23:32):
undefined
Hearts of Oak:
How did your journey lead you to starting this? (23:34):
undefined
Bryan Ferre:
Yeah, so again, it all starts with the utility of the token. (23:39):
undefined
Bryan Ferre:
What can I do with it, right? (23:44):
undefined
Bryan Ferre:
We are working right now on launching a marketplace similar to Amazon stores (23:46):
undefined
Bryan Ferre:
where merchants can connect their stores to this marketplace. (23:53):
undefined
Bryan Ferre:
And by enrolling into (23:59):
undefined
Bryan Ferre:
this marketplace they can now accept multiple forms (24:02):
undefined
Bryan Ferre:
of currency to sell their products so give you an example i have a line of clothing (24:06):
undefined
Bryan Ferre:
that i designed it's a it's a crazy line of golf shirts right i hearken back (24:14):
undefined
Bryan Ferre:
to my days as a graphic designer i gotta have a creative outlet, right? (24:22):
undefined
Bryan Ferre:
So when I put my clothes, when I put my products up online, I almost always (24:26):
undefined
Bryan Ferre:
say, you can buy this shirt today for 20% off, right? (24:34):
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Bryan Ferre:
That's one of the ways that we motivate people to buy things is we discount them. (24:39):
undefined
Bryan Ferre:
In our marketplace, I can say you can pay 80% in fiat, in dollars or pounds or whatever, (24:46):
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Bryan Ferre:
euro, and 20% in the OPT token. (24:57):
undefined
Bryan Ferre:
So I, as a merchant, am not losing anything because I was already going to give you 20% off. (25:03):
undefined
Bryan Ferre:
And you, as a user, you get this great discount because you actually earned (25:08):
undefined
Bryan Ferre:
the token by using the platform. You didn't buy the token, you earned it. (25:16):
undefined
Bryan Ferre:
Now, I've never seen that done. And right now, there's a lot of buzz around (25:21):
undefined
Bryan Ferre:
crypto right now because the world kind of changed over the last four months, right? (25:28):
undefined
Bryan Ferre:
And this is going to give a way for merchants to easily on-ramp their products (25:33):
undefined
Bryan Ferre:
and start accepting crypto. (25:41):
undefined
Bryan Ferre:
Now, that to me is going to be one of the most important things that happens (25:42):
undefined
Bryan Ferre:
in the crypto world is that people will be able to use it, not just sell it, right? (25:49):
undefined
Bryan Ferre:
You're talking about rug pulls and all these different things. (25:57):
undefined
Bryan Ferre:
I think most of that has been weeded out, right? (26:02):
undefined
Bryan Ferre:
There's anywhere from 10,000 to 50,000 tokens that are minted every day, new ones, right? (26:05):
undefined
Bryan Ferre:
But but they aren't they don't really (26:11):
undefined
Bryan Ferre:
work anymore like the idea of you (26:15):
undefined
Bryan Ferre:
know i'm just gonna buy this coin and it's gonna scale up and then i'm gonna (26:18):
undefined
Bryan Ferre:
make a bunch of money like people are have kind of learned that that isn't how (26:21):
undefined
Bryan Ferre:
it works um and i and i'll also tell you this this is just another side note (26:27):
undefined
Bryan Ferre:
but i've been in the crypto space now since 2015 2015. (26:33):
undefined
Bryan Ferre:
I've never bought any crypto. (26:37):
undefined
Bryan Ferre:
Not one time. I've never bought a token. All of my crypto assets and wealth, (26:39):
undefined
Bryan Ferre:
if you will, has come from running nodes. (26:46):
undefined
Bryan Ferre:
I earn the tokens that I get. (26:49):
undefined
Bryan Ferre:
And that is also where everything is going, right? (26:53):
undefined
Bryan Ferre:
This idea that I'm going to just mint a magic token and make money, I think is a dying thing. (26:58):
undefined
Hearts of Oak:
Tell me about one of the issues that people have whenever they look at crypto, (27:07):
undefined
Hearts of Oak:
a new form of finance, is around the huge issue in the UK, surveillance, (27:13):
undefined
Hearts of Oak:
financial surveillance, and every other area of surveillance, (27:21):
undefined
Hearts of Oak:
which is full control of our lives. (27:26):
undefined
Hearts of Oak:
And that goes into the whole area of censorship. (27:29):
undefined
Hearts of Oak:
Maybe touch on how Optio addresses some of those challenges, (27:33):
undefined
Hearts of Oak:
because it's all about giving individuals control of not only their data, (27:40):
undefined
Hearts of Oak:
but actually the finance side of it. (27:45):
undefined
Hearts of Oak:
And taking back that from this huge government overreach. (27:48):
undefined
Hearts of Oak:
So, yeah, how does Optio fit into that? (27:54):
undefined
Bryan Ferre:
Yeah so so optio (27:57):
undefined
Bryan Ferre:
is a layer one blockchain so it's it's native (28:00):
undefined
Bryan Ferre:
transactions on the blockchain and those are all fancy words that most people (28:03):
undefined
Bryan Ferre:
won't even understand but uh i'll give you an anecdote when when you go to the (28:09):
undefined
Bryan Ferre:
bank and you deposit a thousand pounds or do you guys pounds or euros over. (28:16):
undefined
Hearts of Oak:
There i don't even we still use points we've held against the euro but the point (28:21):
undefined
Hearts of Oak:
doesn't mean anything so yes got it so you (28:25):
undefined
Bryan Ferre:
Go to the bank you put in a thousand pounds and uh (28:27):
undefined
Bryan Ferre:
they enter that into a ledger and and they they mark it as a debit right and (28:30):
undefined
Bryan Ferre:
then uh i go into your bank the next day and i want to get a loan so they loan (28:38):
undefined
Bryan Ferre:
me your thousand dollars Now I have it. (28:46):
undefined
Bryan Ferre:
And I take it to my bank and they put it on their ledger as a debit. (28:50):
undefined
Bryan Ferre:
Now what's interesting is your bank put the loan that I got on their ledger (28:56):
undefined
Bryan Ferre:
as a debit, not as a credit. (29:02):
undefined
Bryan Ferre:
So now they have $2,000 on their balance sheet, but they only actually got $1,000. (29:06):
undefined
Bryan Ferre:
Now, I can get into fractional reserve banking, and it makes it even more confusing, (29:13):
undefined
Bryan Ferre:
but they can loan your $1,000 to 10 people. (29:18):
undefined
Bryan Ferre:
Now, I put mine in my bank, and then they loan that to somebody else, (29:23):
undefined
Bryan Ferre:
and they put that in their bank, and all of a sudden, you've got this massive (29:28):
undefined
Bryan Ferre:
amount of money that's just made up. (29:32):
undefined
Bryan Ferre:
It's not real. right now that's a problem with the central banking system and (29:35):
undefined
Bryan Ferre:
i can literally go down a rabbit hole on that and i won't. (29:42):
undefined
Hearts of Oak:
But that'll be part two (29:46):
undefined
Bryan Ferre:
Yeah blockchain is different right when you there is no custody uh nobody is (29:47):
undefined
Bryan Ferre:
in custody of your funds so uh and this is true of all blockchains. (29:55):
undefined
Bryan Ferre:
But we have a partner that has integrated our token. (30:00):
undefined
Bryan Ferre:
It's called Kyvo Wallet, K-Y-V-O. (30:06):
undefined
Bryan Ferre:
When you hold assets in that wallet, you are known as an address. (30:10):
undefined
Bryan Ferre:
Nobody knows that it's your wallet. You're just an address on the blockchain. (30:17):
undefined
Bryan Ferre:
Now, what's interesting, And this is confusing for some, so I'll try to make (30:24):
undefined
Bryan Ferre:
it as simple as possible. (30:29):
undefined
Bryan Ferre:
If I send you OPT tokens, I send it from me to you, that transaction is 100% transparent. (30:30):
undefined
Bryan Ferre:
You can go to the blockchain website and you can see that I did it. (30:38):
undefined
Bryan Ferre:
But all you can see is that it's my address sent to your address. (30:43):
undefined
Bryan Ferre:
Right now that trend that level (30:47):
undefined
Bryan Ferre:
of transparency could be incredibly valuable (30:50):
undefined
Bryan Ferre:
for things like governments that are spending you know billions and billions (30:53):
undefined
Bryan Ferre:
and billions of our dollars our tax dollars if they were doing it on the blockchain (30:58):
undefined
Bryan Ferre:
we would know where every cent was going right that would be kind of cool i (31:02):
undefined
Bryan Ferre:
think that would take down a notch of fraud and abuse too right. (31:07):
undefined
Bryan Ferre:
But what's really cool about the idea of decentralized (31:14):
undefined
Bryan Ferre:
finance meaning i can move money around the (31:18):
undefined
Bryan Ferre:
world i can literally move it to anywhere in the world if you wanted to send (31:21):
undefined
Bryan Ferre:
me money from the uk to to the states you'd have to go to the bank the bank (31:27):
undefined
Bryan Ferre:
would take control of the money they would send it to my bank they have control (31:32):
undefined
Bryan Ferre:
of money and then i could get it out With crypto payments, there's no intermediary. (31:35):
undefined
Bryan Ferre:
I don't have to get permission from anyone to send funds and to move funds around. (31:41):
undefined
Bryan Ferre:
So the idea of decentralized finance really, truly empowers people with their (31:48):
undefined
Bryan Ferre:
own net worth, their own assets. (31:58):
undefined
Bryan Ferre:
And the Optio blockchain is no different. (32:01):
undefined
Bryan Ferre:
That's how all funds are transferred is peer-to-peer, which is amazing. (32:05):
undefined
Hearts of Oak:
Tell me about how people can get involved, because there are a lot of areas (32:13):
undefined
Hearts of Oak:
around this that people need to understand. (32:20):
undefined
Hearts of Oak:
But how can everyday people get involved? (32:24):
undefined
Hearts of Oak:
You mentioned running a node. You can join communities. You earn tokens. (32:27):
undefined
Hearts of Oak:
There are lots of areas on this that people can jump into and getting involved (32:32):
undefined
Hearts of Oak:
with. So what does that mean for the viewers watching this thinking, (32:38):
undefined
Hearts of Oak:
Optio sounds interesting. (32:43):
undefined
Hearts of Oak:
What would be the next step for me? (32:45):
undefined
Bryan Ferre:
Yeah, so there are really three different ways that you can be involved and (32:48):
undefined
Bryan Ferre:
become a part of the community. (32:55):
undefined
Bryan Ferre:
One thing that I'll point out is Optio is not a company. (32:56):
undefined
Bryan Ferre:
It's literally a community of people just like you and me that run and operate nodes. (33:02):
undefined
Bryan Ferre:
And when there's a big change that needs to come, there is a vote. (33:08):
undefined
Bryan Ferre:
It's complete democracy, right? (33:13):
undefined
Bryan Ferre:
It goes out to the node owners and the node owners vote on changes to governance, changes to whatever. (33:15):
undefined
Bryan Ferre:
So that's important to understand. And so the way that you become a part of (33:23):
undefined
Bryan Ferre:
that community is you purchase a node and run it. (33:26):
undefined
Bryan Ferre:
Nodes are $1,000. So anybody can attain a node. (33:29):
undefined
Bryan Ferre:
Now, that's the first way. The second way is you can download Parler and start (33:34):
undefined
Bryan Ferre:
to engage on Parler and earn rewards that way. (33:39):
undefined
Bryan Ferre:
You'll get rewards every day into your wallet just for your engagement on the platform. (33:42):
undefined
Bryan Ferre:
Play TV, which is a YouTube alternative, also allows you to earn. (33:46):
undefined
Bryan Ferre:
Now, one thing that I'll say, and it's really, really important to understand, (33:53):
undefined
Bryan Ferre:
is the way the nodes work. (33:59):
undefined
Bryan Ferre:
Right and why do we even need the nodes so if you think back to the days when (34:03):
undefined
Bryan Ferre:
we just started getting cell phones. (34:10):
undefined
Bryan Ferre:
And you'd be driving along and all of a sudden you'd have to say, (34:13):
undefined
Bryan Ferre:
I'm going to go into the dead zone. I'll call you back when I get into coverage again. (34:17):
undefined
Bryan Ferre:
The phone companies had to fill in the network. They had to build towers everywhere (34:21):
undefined
Bryan Ferre:
in order to fill in those holes. (34:26):
undefined
Bryan Ferre:
And it would have been very, very expensive to do that. (34:29):
undefined
Bryan Ferre:
So what they did is they went to farmers and building owners and landowners (34:32):
undefined
Bryan Ferre:
and they sold them towers. (34:36):
undefined
Bryan Ferre:
If I owned a farm out in the middle of nowhere and they needed to fill a spot, (34:38):
undefined
Bryan Ferre:
I would buy the tower and then the network would lease it back from me for the (34:42):
undefined
Bryan Ferre:
rest of my life. That's how nodes work. (34:47):
undefined
Bryan Ferre:
When you buy a node, you're providing resources to the blockchain, (34:50):
undefined
Bryan Ferre:
computing power, electricity, storage. (34:55):
undefined
Bryan Ferre:
And those resources are used by the blockchain to process transactions, (34:58):
undefined
Bryan Ferre:
to process interactions, to measure your impact in the platform by tracking (35:03):
undefined
Bryan Ferre:
and all of your behavior, right? (35:09):
undefined
Bryan Ferre:
And so that's how we build it out is we make it possible for anyone to own a (35:12):
undefined
Bryan Ferre:
node and they operate that node and that node earns rewards every day for the rest of your life. (35:19):
undefined
Hearts of Oak:
Tell me, you've got an event coming up, because I think often the crypto industry (35:26):
undefined
Hearts of Oak:
can be an arbitrary thing that actually you've got communities there. (35:32):
undefined
Hearts of Oak:
And I've been in a number of those communities online. (35:37):
undefined
Hearts of Oak:
But actually, you also hold events in the outside world, in the real world, (35:42):
undefined
Hearts of Oak:
where people can connect face to face. (35:50):
undefined
Hearts of Oak:
I think that's vital. I've seen a couple of the crypto and Bitcoin conferences, (35:51):
undefined
Hearts of Oak:
and I think they're very valuable for like-minded people coming together and (35:56):
undefined
Hearts of Oak:
discussing some of these concepts. (36:00):
undefined
Hearts of Oak:
But you've got an event coming up in London. Tell us about that and other events that you've had. (36:01):
undefined
Hearts of Oak:
We'll put all the links in the description so people can click, (36:06):
undefined
Hearts of Oak:
and they can be a part of that if they are in this, I was going to call it a (36:10):
undefined
Hearts of Oak:
beautiful city of London. (36:14):
undefined
Hearts of Oak:
Well, when the sun's shining, it's maybe more beautiful. But tell us a little bit about that. (36:16):
undefined
Bryan Ferre:
Yeah, so I'm going on tour, so to speak, in the next couple of weeks. (36:20):
undefined
Bryan Ferre:
I'm going to be in London on June 2nd. (36:27):
undefined
Bryan Ferre:
And anyone in the London area that wants to attend this event, you're invited. (36:30):
undefined
Bryan Ferre:
I'm going to be talking a lot about some of the things that we've talked about (36:36):
undefined
Bryan Ferre:
here, but I'm going to be presenting some strategies and ideas around crypto (36:40):
undefined
Bryan Ferre:
and really just getting people to understand what's happening and where this technology is going. (36:45):
undefined
Bryan Ferre:
That event will be held the evening of June 2nd. (36:52):
undefined
Bryan Ferre:
And in order to attend, all we ask is that you send an RSVP email to my email. (36:57):
undefined
Bryan Ferre:
And you'll receive back from us the location and time. And we're still settling in on the location. (37:06):
undefined
Bryan Ferre:
But we're also doing an event on June 6th in Amsterdam. (37:14):
undefined
Bryan Ferre:
And then I'll be traveling to (37:18):
undefined
Bryan Ferre:
Paris to present at a very small conference and then back to the States. (37:20):
undefined
Bryan Ferre:
We're also doing a conference, a crypto conference on a cruise ship in the Bahamas (37:28):
undefined
Bryan Ferre:
in November of this year. (37:34):
undefined
Bryan Ferre:
I'll make sure you have the links for that if you want to attend a really that (37:37):
undefined
Bryan Ferre:
I like to have fun and conferences are mostly boring. So we decided to do this (37:40):
undefined
Bryan Ferre:
conference on a cruise ship in the Bahamas. (37:47):
undefined
Hearts of Oak:
And I saw my good friend, Robert Malone, who I saw the other week, (37:50):
undefined
Hearts of Oak:
who's a regular guest on with us. (37:53):
undefined
Hearts of Oak:
I know he's one of those speakers at that. (37:56):
undefined
Hearts of Oak:
I will put all those links in the description. Not only June the 2nd, (37:59):
undefined
Hearts of Oak:
I think it's a Monday, in the evening in London. (38:04):
undefined
Hearts of Oak:
We'll put that in the links in the description and the cruise as well. (38:08):
undefined
Hearts of Oak:
So I will certainly be there in London. Who knows on the cruise? (38:11):
undefined
Hearts of Oak:
Well, I'll certainly be there in London. (38:16):
undefined
Hearts of Oak:
I'll be around the corner. But how do you, because there's a, (38:17):
undefined
Hearts of Oak:
again, we talked about people getting involved. (38:22):
undefined
Hearts of Oak:
There was actually one thing you put out on, it was a Facebook post that intrigued (38:27):
undefined
Hearts of Oak:
me, and you've touched on it a little bit, but I'll give it to you and get your thoughts. (38:32):
undefined
Hearts of Oak:
And this is in terms of faith, which you mentioned. (38:38):
undefined
Hearts of Oak:
And you posted, miracles don't just happen, they're made, not by luck, (38:42):
undefined
Hearts of Oak:
but by chance. but by the sacred union of faith and action. (38:46):
undefined
Hearts of Oak:
Faith sees the invisible, the infinite. (38:51):
undefined
Hearts of Oak:
Action makes the visible, the definite. (38:54):
undefined
Hearts of Oak:
And I read that and thought, that is intriguing. (38:57):
undefined
Hearts of Oak:
And you sit back and when you read something and it makes you think of what (39:01):
undefined
Hearts of Oak:
that means and also takes you away from the busyness and makes you think of (39:07):
undefined
Hearts of Oak:
the importance of understanding (39:13):
undefined
Hearts of Oak:
of actually having vision of where faith fits in. (39:16):
undefined
Hearts of Oak:
But it's an interesting thing to finish off on that. Miracles (39:19):
undefined
Bryan Ferre:
Are the result of. (39:23):
undefined
Hearts of Oak:
The imperfect union of faith in action. (39:24):
undefined
Hearts of Oak:
Tell us a little bit about that to finish, because that connects with where (39:29):
undefined
Hearts of Oak:
people are, I think, emotionally, where they connect, and it makes this not (39:33):
undefined
Hearts of Oak:
just an arbitrary issue, but actually connects with people in their real lives. (39:38):
undefined
Bryan Ferre:
Yeah. uh, (39:43):
undefined
Bryan Ferre:
So I have spent my (39:46):
undefined
Bryan Ferre:
entire adult life trying to explore and identify how human beings actually create (39:52):
undefined
Bryan Ferre:
and how most people create chaos in their life. (40:06):
undefined
Bryan Ferre:
And they create difficulty in their life. (40:11):
undefined
Bryan Ferre:
And what they don't realize, most people don't realize, is your current circumstances (40:15):
undefined
Bryan Ferre:
that you're in, whatever those are, is of your own creation. You created it. (40:20):
undefined
Bryan Ferre:
And when I talk about the imperfect union of faith and action, (40:27):
undefined
Bryan Ferre:
faith, as I said earlier, faith is an energy. And that energy is created within us. (40:32):
undefined
Bryan Ferre:
It doesn't have that much to do with believing. (40:43):
undefined
Bryan Ferre:
It has more to do with this creative energy that we all have. (40:47):
undefined
Bryan Ferre:
For me, it is the gift of God. It's the part of us that is divine. (40:52):
undefined
Bryan Ferre:
And when we look at our actions, (40:58):
undefined
Bryan Ferre:
if you wake up in the morning and you don't like what's going on in your life, (41:04):
undefined
Bryan Ferre:
you don't have enough money, you don't have a great job, you don't have a great relationship, (41:08):
undefined
Bryan Ferre:
whatever it is, you can trace that back to little decisions that we make along the way. (41:14):
undefined
Bryan Ferre:
The word decision is a word that I don't think we understand completely. (41:21):
undefined
Bryan Ferre:
To decide means to cut off. (41:29):
undefined
Bryan Ferre:
So when you make a decision, there are in the universe, there are infinite possibilities. (41:33):
undefined
Bryan Ferre:
Everything is possible. When you make a decision, you are cutting off every other possibility. (41:40):
undefined
Bryan Ferre:
That's what it means to decide. (41:47):
undefined
Bryan Ferre:
So when we look at our circumstances, we look at our, I call them our outcomes, our outcomes. (41:49):
undefined
Bryan Ferre:
When we look at our outcomes, Most of us want to believe that that just happened (41:57):
undefined
Bryan Ferre:
to us, that somehow the world just, you know, and reality just happens. (42:03):
undefined
Bryan Ferre:
In fact, we say things like shit happens, right? (42:09):
undefined
Bryan Ferre:
And what we need to realize is that action is always, 100% of the time, (42:12):
undefined
Bryan Ferre:
your action is what produces the outcome, right? (42:21):
undefined
Bryan Ferre:
I have this, call it a speech that I give, where I talk about this model. (42:24):
undefined
Bryan Ferre:
I was taught this model by a good friend of mine. (42:32):
undefined
Bryan Ferre:
It's called the STEER model, S-T-E-A-R. (42:35):
undefined
Bryan Ferre:
S is your situation. So whatever situation you're in, that situation produces a thought. That's the T. (42:39):
undefined
Bryan Ferre:
That thought produces an emotional response. (42:47):
undefined
Bryan Ferre:
That's the E. The emotional response triggers an action that you take and that (42:51):
undefined
Bryan Ferre:
action gets you the result, right? (42:57):
undefined
Bryan Ferre:
Now, most of us, because of our training, because of our education, (43:01):
undefined
Bryan Ferre:
because of culture, society, whatever, (43:05):
undefined
Bryan Ferre:
we think if we want to change the outcome that we're getting, (43:07):
undefined
Bryan Ferre:
we have to change the situation, which is why we have... (43:11):
undefined
Bryan Ferre:
Very high divorce rates. It's why I have people that are quitting their job all the time. (43:17):
undefined
Bryan Ferre:
It's, and because you look at the outcome, the result that you're getting, (43:22):
undefined
Bryan Ferre:
that's the R, the result. (43:26):
undefined
Bryan Ferre:
If you look at the result that you're getting, you think I need to change the (43:28):
undefined
Bryan Ferre:
situation. But the reality is situations are situations. (43:31):
undefined
Bryan Ferre:
What you have to change is the thought. How do I think about this situation? (43:36):
undefined
Bryan Ferre:
What is the thought that triggers this, right? And then we got to avoid this (43:42):
undefined
Bryan Ferre:
idea that we can't change the thought because the thought is just what you think. (43:46):
undefined
Bryan Ferre:
So you can easily change the thought. (43:53):
undefined
Bryan Ferre:
So when you, it's kind of funny that you, you pegged on that post because at (43:56):
undefined
Bryan Ferre:
the end of the day, everything that I work on, everything that I spend my time (44:02):
undefined
Bryan Ferre:
on is changing the way I think. (44:07):
undefined
Bryan Ferre:
And changing the way, helping others to change the way they think, (44:10):
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Bryan Ferre:
because most of us feel like we can't make a change. (44:15):
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Bryan Ferre:
We can't make change in the world and in the government and in society, (44:20):
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Bryan Ferre:
but that's why we're not, because we're not, think about the elections, right? (44:23):
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Bryan Ferre:
When we elect a new president or a new prime minister or whoever, right? (44:29):
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Bryan Ferre:
When we elect them, what we're trying to do is fix the result that we're getting (44:35):
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Bryan Ferre:
by changing the situation. (44:40):
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Bryan Ferre:
But the reality is if we change the way we think about the situation, (44:43):
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Bryan Ferre:
then we can make a positive impact. (44:47):
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Bryan Ferre:
And for me, I'm old enough now that this is it. (44:49):
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Bryan Ferre:
This is going to be my legacy, right? This is the last project I'm ever going to work on. (44:54):
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Bryan Ferre:
So to me, it's more important to help people change the result that they're (44:59):
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Bryan Ferre:
getting by changing the way they think. (45:06):
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Bryan Ferre:
So that's what that Facebook post was about. (45:08):
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Hearts of Oak:
Brian, I'm looking forward to meeting you on the second in just a few weeks. (45:12):
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Hearts of Oak:
Fascinating conversation, so many areas, not just on Optio and what that gives, (45:18):
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Hearts of Oak:
not only on Parler and that social media side, but delving into some of the other concepts as well. (45:23):
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Hearts of Oak:
So really thrilled that you could join us. (45:31):
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Hearts of Oak:
Thank you so much for giving us your time and all the links will be in the description (45:34):
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Hearts of Oak:
for the viewers and the listeners down there whether you want to whether you're (45:37):
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Hearts of Oak:
in London on the 2nd of June do (45:41):
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