Cryptocurrency 101 With Robert ‘Crypto’ Beadles

Disruptors podcast. We like to talk about disruptive technologies, disruptive companies, people who are building and doing things in these disruptive industries. Today we're talking with Robert Beatles from Monarch Wallet, and Robert is one of the hardest working men in crypto. He is traveling NonStop at the conferences at the forefront, talking to people, rubbing shoulder to shoulder with the movers

and the shakers, and he's one himself. He has been building in this space for a couple of years um in a really good area in uh In, in the space that's really tying all these projects together and securing your coins. So let's jump right in. We're gonna talk to Robert Beatles. Everybody, Welcome to the Market Disruptors. I am here with Robert Beatles from Monarch, but also from many other things as well. Um, welcome, hey man, thanks for having I really appreciate it. Yeah. Now, uh, I

know you're really big on YouTube. I've met you at uh, I've been at several conferences with you. I know you're really out there pushing uh, the the education or at least the awareness adoption phase, right that it's a big piece of what you're doing. Yeah, I mean that's you know, that's kind of how I got into it. Right. So back in two eleven, a guy named Max Kaiser you know, opened my eyes to bitcoin and basically all the world

of value that it brings to us. Right, And so from then on, I've been kind of bit by the crypto bug, and my friends and family and whatnot knew that I was in crypto. And so around when the when the market got crazy hot, everybody decided that they wanted to get into crypto, but they didn't really know

anything about it. So they asked me to create, you know, basically a YouTube video that they could all go to and kind of learn the inner workings of how crypto works, how they buy it, how they sell it, how they stored all that kind of stuff, and it just kind of kind of life of its own, right, So start off like that, they loved it. Then they asked me to start kind of reviewing projects. Then basically you know,

covering projects. Next thing, you know, I've done like a thousand interviews and probably aired only three fifty of them or something like that. But that's kind of how we we get onto the YouTube side of things. I mean, I've I have a software company. We build you know, applications and platforms for people like the United States Post

Office and so around or so. After you know, really looking at the space and all the people in it and kind of the lack of easy I guess user experience to actually be able to store, send received crypto things like that, we decided to come up with monarchs. So we built that, you know, for for the people, right and from day one we just gave it to them for free. People can start using it, and it's just it's been a wild ride, man, it's been a wild ride. And it's just getting started. Yeah, it is

just getting started. So I love disruptive technologies. I just love the whole idea of what we call creative destruction right where it's like the old way is killed off, by a new way, new solutions to old problems, and so, um, I think cryptocurrency is the most disruptive thing that we've ever seen. The Internet was super disruptive. Cryptocurrency is even bigger. But I just I love it because I believe it creates the biggest opportunity for us. I mean, I love change,

I love new things. That's just part of me. But it creates a really big opportunity for us as as investors as well. Now you've been obviously being in crypto, you're in a disruptive state, but you're a business owner and you've been involved in other disruptive industries. Do you look at it that way? Like you do you look for opportunities in ways that you can like solve old problems with new solutions. Yeah, definitely. Um. You know, before coming into the space, you know, I've built one of

the largest construction service companies in California. So we've got a ton of locations, tons of employees, um, And that was something that we did there was kind of disrupt the existing way of doing things and we've created a new model and it's been super successful. And then with crypto, you know, like I said, when Max open eyes to it. I instantly saw, you know, the value of pure to pure transactions and how you don't need a third party anymore.

So then leveraging that to get more power to the people, to allow people to become you know, a monarch. Right so because right now, basically the monarchs of the banks, the financial institutions, things like that. But with with monarch, you actually become your own king, your own queen of your personal finances. You actually end up becoming the monarch.

And so that's kind of the name behind it. And so that right there kind of disrupts the the traditional system of sorts because you have to rly on all these different people for all these different services to have

access to your funds. And so knowing that, you know, we wanted to make sure that people would be in charge of their own finances, have their own seed, their own key, nobody could take their money from them, They could go anywhere in the world and basically pay for goods and services, and so that was you know, really

key for us. You know, pun intended was to be able to allow people to you know, rule their financial kingdom, and so that was an easy way to start, um, you know, disrupting Um, the old way of doing things, so to speak, giving people access to their money. It sounds like a simple idea, but it really isn't. If you go anywhere and you have a bank of card, you know, like an a T M card or something like that, and say you go to Vegas and you

want to pull out a thousand bucks. You may have a million bucks in your account, but bank decides, you know what, you know, we're not gonna give it to you, Luke Shady or you know, we don't agree with what you're gonna be spending. An honor for whatever reason, you don't have access to your funds, and so just giving people access to their funds anywhere in the world is pretty disruptive. And that's just the start. So if you want, we can talk more about it. But I definitely, uh,

you know, I definitely love disruptive technology. All it does is bring more benefit to to the world, to the people, to the consumers. And so you're definitely right. There's lots of coportunities out there. You just gotta figure out what you're good at, what you're passionate about, and then uh do it. Um, that's funny. I have to kick myself a little bit because I never picked up on the name monarch and in that in that term. Um so

but but I but I love it. Um I actually um, I used to subscribe to a newsletter called Sovereign Man, and uh, Simon Black writes it and and it's all about being sovereign, and it's all about planting sovereign flags right all and not just having my whole life in one country, but really being a sovereign man. And and that that was when I first started hearing about bitcoin in the early thirteen fourteen fifteen. Uh. And uh, that's what attracted me to it was being able to be sovereign, right,

take my money. So the same thing that you're saying, I just I never caught up on the monarch term. So that's pretty cool. Um you are what's that You are your own king or you are your own queen. Yeah, yeah, I like that. Um. You know, it is a massive shift, like you're saying, and and and it's probably the biggest shift we'll ever see where um, we're so used to having things centrally controlled for us and money obviously as we're talking about, but even our shopping or even our news,

or even our our food production everything essentially controlled. And so now to have our our money, but really our value, to be able to have control that without that being centrally controlled, I'm being able to transfer that peer to peer without somebody in the middle. That's a massive shift. Do you think that's a gonna be a big point, a big area that people are going to have to

get over to really see that adoption happen. Yeah, I mean, right now, the hardest part of adoption we have is it's just too confusing for people to use, you know what I mean, It's it's a really sucky user experience. And so people, um, you know, like the true crypto um, you know, I guess uh, you know, the crypto savvy.

You know, they even have a difficult time navigating kind of the waters that they are in front of us, right, and so you can see that people they'll give up their freedoms just for you know, just for having an easier experience. You see that, you know in government, you see that with people's rights and all that kind of stuff.

But if you look even like last night finance, whether it was hacked internally, whether it was hacked you know, by an outside force, people that leave their funds there, you know, can potentially lose them because they're using a centralized entity with things like monarch that's decentralized. And when you start getting into decentralized finance, you are the weakest link. You are the one that is ultimately responsible for your finances.

So if you lose your seed or you lose your key or whatever, then you know, you may lose your funds. But the chances of somebody you know, hacking your decentralized wallet is basically the same chance as of somebody hacking the Bitcoin blockchain or the Ethereum blockchain. And so when people understand that and they realize what power that they wield, then they'll be like, wow, why would I ever give

this powder to somebody else? But until you have that kind of user experience, it's like really easy for them to understand. It's they're always going to kind of rely on centralized services like Amazon and banks and everything else because they're used to it. It's easy, you know. You it's like Facebook, get that little thumbs up, but it works.

They don't really care why it just does. But once they realize, oh wow, I can do all this stuff without anybody, and I'm you know, basically in control of everything, and it's really easy to use people start doing that. Yeah, I agree, I mean, we we know. I mean it was it Thomas Jefferson and he talked about, you know, giving up our freedom for privacy for freedom. Uh, we don't deserve either. Everyone is always willing to sacrifice for

the short term. So I'll sacrifice my sovereignty, I'll sacrifice my privacy for convenience. So so we see that. I guess that's just a human characteristic. We always want what's easy. Um. But at the same time, like I've studied every technological revolution for the last couple hundred years, and they all

kind of they all roll out the same way. And if you look at the Internet days, and I know you're old enough to remember, I mean in the early nineties it wasn't easy to connect to the Internet either. But look how far we've come since then. And that's

what people have to remember. With the blockchain to see it all, you know, it was a dark net and six the eight Yeah, you know the Internet that we see today in ninety four, and then you look at Amazon never would have survived in ninety four, but you look at them in nineteen and they've made things super simple. You're able to do that decentralized it. Hopefully it doesn't take us fifteen years, but you'll see that. You know,

we're definitely on that road as well. Yeah, And I just think overall, I always just try to remind people that just to be patient, because I think everyone's expecting too much too soon. Like you said, the Internet really started, you know, at least in the seventies or eighties, really publicly in nineteen ninety, but it wasn't until Nive that the average person could even somewhat kind of try to

use that with Netscape coming online. Um and uh and and by two thousands or by two thousands, so full ten years after kind of that whole public unveiling, only ten percent of people have ever bought anything online. And we didn't even have broadband internet DSL until two thousand, three thirteen years later. So um, you know, when it when it comes down to, like you said, it's it's it's not easy for the average person. Um. I just think that comes with time, and it's just it's just

being patient. And I understand you as a builder, you're really working to try to make that easier um, and so those things will come right, Yeah, they definitely will. You know, it just comes with you know, it comes with patients in time, like you said, but there's things that we can do to expedit. It just kind of learning from our past failures with centralized systems, so we know that what we need to do to kind of

make things easier for people. And so even with Monarch, you know, right now you have to belong to like you know, fifteen different exchanges, twenty different exchanges, have twenty different wallets, have all these different KYC processes, have all these different barriers to entry for people into crypto. And so the Monarch wallet isn't like a wallet like just

for money. It's a wallet for all the best services and all the best businesses out there to come under you know, one umbrella to be in one wallet for for the user to access all these cool services and and um, you know, features and companies all from one log in process, all from one k y C process, all from one app that's gonna be dumbed down to where you know, I'll be able to use it if

I was six years old, you know what I mean. Basically, you know, we're just gonna make this this custom user experience that no matter what they're trying to do, they'll be able to access it from one spot from all of our partners. And if you look at what we've developed and dropped so far, you know, it's incredible what

we've already done, you know. Uh, like when we launched, we've done more than most people with hundreds of millions of dollars of market cap, and we came out with our product first, and every week it just gets better and better and better, and you can see all the partners that we keep bringing on and UM where this

is going. So I want us to be that one spot for people to where they can no matter what it is they want to do with crypto or finances, will have in one spot and it'll just be one easy log in process, one easy k y C process for those services that need that. And UM you know, hopefully will get there a lot, a lot sooner than

from nine four to you know, se nineteen. You know, it was really like like fifteen nineteen years or something in between, like before we really started getting easier for people to use and start building own websites and UM, but hopefully we'll get there a lot sooner. I'm hoping like maybe in the next year that we'll be able to do it. Yeah, we definitely will. Right, we can look back at every technology cycle has a shorter adoption period.

So it took the telephone eighty years or seventy years to reach eighty percent adoption, But the Internet, I did it in fifteen years because the lines were already there, right, Um, and the Internet, Uh, you know, the Internet took a long time because there was no way to share information. But today informations everywhere, everyone's catching on hearing about it way fast. The lines are already there, so it definitely will. Now, Um,

are you are you trying to build something? I mean I guess you're You're not necessarily disrupt anything because this market is so new. You're actually building something new within the marketplace. And that's kind of like a centralized place where you can kind of control everything. Like you said, is that is that from like uh, exchanging your coins, storying your coins, or spending your coins, like all in

one location, all of it. So imagine if you anything and everything crypto, anything you want to do, whether it's crypto kidies or a crypto game, or if it's decentralized files sharing, whether it's your finance is, whether it's you know, buying, selling, sending, receiving, storing crypto, all the different various coins, all the various different tokens, anything and everything crypto all held within one wallet so that way you can do everything that you

need from one place. So think about it is like one entry point to all the best services and businesses out there that we partner with. So I mean, we've got some of the biggest and most respected names and crypto as our partners, and we just keep adding more and more and more every single week. And so they're all just going to be plugging into us having access to our users, and our users will have access to their service and they'll be able to do it all

from one place. So it's pretty incredible. I've never seen anybody to do this before. And um, it comes from

you know, me being in the space. It comes from you know the I guess it's kind of like the hassles that I have to deal with to access all these different services that that I like, Um, you have to belong all these different things, and all the pains that I hear about from people trying to come into the space, and it just kind of makes sense that, like with Monarch, I just build something you know for me that I like. And my co founder, Snay adds

you know, a ton of value. He had a bunch of stuff that he didn't like, you know, in the crypto space, and so the two of us came together and basically build something you know, for us that you know,

the world you know, would appreciate and use. And we've been seeing that just more and more, you know, with two and fifty thousand downloads and with our communities just growing, you know, astronomically, we can see that we're onto something and we're just we're building stuff we would use, you know, just like the shirts you know on our YouTube channel we give away you know, shirts and hats and stuff

like that. It's stuff that that I wear, stuff that I would use, right I don't, you know, try to do any of this stuff to just make a quick buck and leave. You know, we've we've made our money. God has been great to us. So we're we're building stuff for people that they can actually use every single day and make their lives you know better, and give

them basically an interface. It makes it really simple for them to do it, to have access to all these different services and all these different companies all from one place and one a loog and experience. Yeah, So building in this space and then working with a bunch of these companies like you are, it gives you like a different perspective than most people see now. It seems like, you know, obviously with bitcoin and ethereum, I mean are more decentralized today, it seems like we're seeing a more

centralized kind of building points. So like most of these companies now maybe have equity and there's people building. Do you think, uh, it's much easier to build in a more centralized manner than like a decentralized manner thousand thousand percent. Yeah. I mean, if if you want to create something that you know works, that's easy to use, and you and you want to basically control everything, yeah, I mean you

can do that, you know, in a day. But if you want to create something that's you know, truly decentralized, that or at least a hybrid. I've always said from the start, and I've said this for years, that you need something that's a hybrid. You need something that's centralized for all the bulky stuff and they need something to centralize for all the sensitive stuff. So for instance, like a YouTube channel. Um, you know, you don't want to go throwing all your videos and all your content on

a blockchain. It doesn't make sense. But you want to basically be able to have access to all your fans and your subscribers, So that stuff there should be on a blockchain that only you and you alone have access to. So that would be the central of wise, but the video storage would be centralized because it doesn't matter if they get rid of your videos. You know, you have access to your to your subscribers, to your fans, you know,

to all those people. So it's the same thing with like even with Monarch, everything we've built so far, the wallet size is completely decentralized. We don't even have their email address. But as we start adding other services and we create this platform, and then they'll be centralized aspects of it, because you're gonna want to plug in all these different services, so there's gonna have to be some

centralized services. However, all the private stuff, all the stuff that you want to keep safe and secure and things like that, you know, you'll have access to your you'll be able to do that all decentralized, So it needs to be a mixture of both. But if you just go full centralized, then you're always I mean, why do it at all? Why don't just use the traditional system. You're basically right back at square one doing the same thing we've always done. You're just basically giving your funds

and your power to somebody else. Yeah, that's exactly right. And and for me, the killer app with bitcoin got me excited was the censorship resistance ability of that right where it's like it whatever I have can't be eased, stolen, manipulated, and if I want to send it to you, it can't be stopped, blocked, or prevented. So it's that like that sent that that decentralized or censorship resistance nature. And uh, what scares me is going to more centralized models, is

that a court order could just change all that. And that's what I didn't like about the current system today. I mean, if you look at the amount of like bank seizures that happen in the United States, it's astronomical, and I don't like that. Right, Like, you look at people, whether it be Adam Horowitz today or was Julian O Songe before and they can't get money, like, they can't even get accounts, Like, I don't like that. So it's that censorship resistance. And so as you moved to that

central as a Lasian model, and then you lose that rightable. Yeah, now, um, let's talk about last night, but finance was hacked. We won't get into the nitty gritty of it, but from us looking at it from like a storage perspective, right, because uh we we say in the block chain space that if you don't have the keys, you don't have the coins, right and what's not your keys, not your

crypto exactly exactly, not your keys, not your crypto. So you know, anytime someone's leading their their coins on an exchange, um, there there's risk. They're what we call counterparty risk, right. Um, but if they hold it in their walllet they have risks as well, right, So it's just up to each person to like out to weigh the risk and reward on that or how do you view that? So basically, you know, again, if you're gonna use a centralized service,

you have to realize that there's risk. So if you're going to use an exchange and you're gonna leave your crypto on it. You're basically hoping that uh, you know, they don't get hacked, they don't steal your money, all that kind of stuff. So just know, anything you leave on an exchange, you can. And I've always told people that from the start that crypto is extremely dangerous, not the fact alone that it's volatile, but then you have people that just don't really want to steal your money.

And with finance, it's really hard to say what happened there When you have that many employees, that is a lot of people. And um, when you have power, power corrupts absolute. Power corrupts absolutely. And so if you get some some people there that are making you know, five bucks an now or fifteen bucks an how or whatever they make there, I don't know, and they see all this money coming through all the time, it's possible they collude and they come up with a way to you know,

basically you know, fatten their wallets. Yet you know, maybe the user's expense, maybe the exchange expense. I don't know. I don't know what happened there, but I do know that it is very difficult to hack exchanges, and normally it's it's normally a blow from within and that might have been what happened here. I don't know for certain.

I haven't looked at the code, I haven't seen the breach, but um, it is very difficult to hack people, and so I don't I mean, if they did, you know, kudos to the hackers that they did, uh, you know, an amazing job of getting past you know, all the security. But there's there's I would say a more likely chance that it probably came from within. So if you're gonna leave your your coins, your tokens on exchanges, just know you're gonna be susceptible to stuff like that and won't

always tell people, is it. If you're gonna trade, And if you want to be a trader, that's cool, and you want to leave you know, tokens or coins on on these exchanges, you know, just use you know, be safe obviously, but you know, only put on their what you're willing to lose number one and number two, what you're gonna be trading, if you're storing stuff, if you're chipmunking, if you're you know, you get a savings plan and you want to huddle this crypt, I'll throw it on

a decentralized wallet. Man, don't don't leave it on exchange. So it's a super risky and dangerous volatility alone. But then now you're, like you said, the counterparty risk, it's uh scary stuff, so um, but storing it on on your own wallet poses a set of risk and dangers as well. Right now, I have to rely on my own off stack, my own security. Yeah. I mean again,

you are the weakest link. So if you have a decentralized wallet, make sure that you've written down the seed to it, make sure you keep it in a secure place where only you know. And if you're gonna share it with somebody, you know that they can steal all your money, right, So if you're gonna share your seed with somebody, make sure somebody you trust with your life and your money, right, and then just keep that safe.

If you lose your phone, whatever, you just redownload the wallet, put the seed back on it, and poof, like magic, all your funds come back. But if you lose your seed, you know then yeah, you lost your money. You are the weakest link to it, so you just have to know that. And then if you really want a really cold wallet solution and you don't want to spend money for a treasure or you know, like a Ledger and

that kind of stuff. I always recommend just get one of your old phones, you know, down with the monarch wallet, transfer you know, whatever funds you want to it, take out the SIM card, turn off the WiFi. Now you have a completely decentralized, absolutely cold storage wallet that nobody can mess with. The only way somebody would ever have access to your funds would be if somebody actually had the blockchain itself. So, um, just a little tip in

there for people that I've told people for for years. Yeah, yeah, I've I've done that myself as well. Um, when you say it's a decentralized wallet, what does that mean and how does that compare to I guess I'm more uh maybe centralized traditional hot wallet or digital wallet. Sure, so I mean it decentralized wallet. Basically, it means that there's

no there's no power, there's no central party controlling your funds. Right, So decentralized takes the power from you know, from the one or whatever and gives it to the other and the other being you. So you basically have access to your funds via a private seed, a private key, and so nobody can take your money from you unless actually hack a blockchain or something like that. You are the

weakest link. With the centralized wallet. Basically, your money is stored on a corporation's you know wallet, right, it's stored on a company's you know, on their ledger. If they go you know, bankrupt or if they steal your money, you know, you hopefully there's legal ramifications and you'll be able to get it back somehow. But what centralized, you're completely at the mercy of one person. With decentralized, usually it means that you're in charge and you will own

or in charge of it. I mean, we can get fancy and I can explain exactly how it all works. But just for you know, for for basics, decentralized means you control it. Centralized means they control it. So so you you have control of your keys and no, no one can do anything. They can't steal your money. They're doing transfers without those keys, and you have control of it. Yep, yeah,

got it? Okay, Yeah, and uh do you have any uh I mean to I guess besides what you already said, like taking an old Android phone, uh aaring it whatever? I mean, that's like the probably the best opset like the easiest one that most people can achieve. It's probably good enough for the majority of people. Yeah, I like Apple myself, androids you know, it's it's good too. It's cheaper.

So whatever you have laying around, just um, I recommend that you down with the Monarch wallet, add your funds to it, you know, take out the SIM card, turn off the WiFi. It's pretty cheap. One of the things that I really don't like about ledgers and treasures and all those types are all the software updates that you constantly have to do. Not to mention the laundry list of bugs and errors that have been published, you know, with actual security issues of those hardware wallets, and not

to mention the costs involved. But it's it's really frustrating when you go to access your funds and let's just you know, say that the wallet is safe and secure. The hardware wallet, Um, you have to do all these updates. You know, you need web browsers and plug ins, you need all this crazy stuff that you always have to do. I used to give away, you know, ledgers on all my videos. I would give them away and then after using them for a while, I was like no more man.

So yeah, just find an old device, rip out the SIM, turn off the WiFi, make sure you get your seeds safe and that is a very very effective and safe and cheap way to store your crypto. Yeah. Now, um, you are one of the harder working men in in the space. Just at least from your travel schedule alone. I know, you're at conferences and meetings all the time, so you're kind of at the forefront. You're rubbing shoulders with the with everybody, the movers and shakers, like, uh,

what are you what are you seeing? Are there any like trends? What do you what do you where do you see us going in the next twelve twenty four months? I mean anything you can report there. Yeah, we we definitely stay busy. And we just got back from conferences, um last night, like two o'clock in the morning, so um, you know, and I still still building Monarch every day, not to mention all the other stuff that we do.

But yeah, the the sentiment, you know is that they feel and again this isn't necessarily financial advice ever, and it's not necessarily my opinion, but they think that we're kind of out of the woods, and that um, you know, this has been a good period of time for us to be building and focusing on the tech oology versus just speculating on the price. Um. There's a lot of really cool stuff that's coming out that people haven't seen yet.

It's gonna be pretty exciting, um, you know, as far as the technology and how far we've come, especially in the short period of time. And a lot of people like to say that, you know, cryptos failed, it's been up for you know, ten years, it's garbage, nobody uses it. That's not true though, because we were really doing get

smart contracts. I c O is all that stuff until Augur Auger was the first i CEO built on Ethereum, and so we've only had this stuff for about three years really, and so all the stuff that we're seeing right now UM isn't where we're gonna be. In the

next twelve to twenty four months. You're gonna start seeing some crazy stuff coming out that's really gonna help with adoption, and you're gonna start seeing like I've been time my Facebook man for years and I'm like, dude, if they access there are two point seven billion or three billion people that they have and they just drop cryptocurrency, you know, the ability to to spend crypto to all those users.

We're gonna have, you know, some crazy adoption overnight. And no, nobody's really ready for that yet, right, nobody is really ready for that yet. But when that happens, when they flipped that switch, look out Master Carlo Visa. I know that they're saying that they're working with them, but you never tell them you're coming. You just say, oh, yeah, we're we're partners, guys. Yeah, but they're coming for him.

And sometimes I sometimes find it funny, ironic, whatever you want to call it, that you see Visa master Card or or or or JP Morgan working on a crypto solution, but that technology is meant to get rid of them, Like, how how can they work on a technology that was designed to put them out of business? Well, they say, they say, you know, blockchain not bitcoin, right, So you had like Jamie Diamonds saying, you know, bitcoins of scam,

all this kind of stuff. Whil So I guess you know, he was buying up as much as he couldn't having all his traders buy it up, while of course they were creating their own JP Morgan coin. But if you look at like HSBC. I think they did two d and fifty billion dollars with their own private blockchain last year alone. You know, you see all these big wigs and all these big institutions, you know, they're all talking

about blockchain. Now, they're all creating their own you know, internal blockchains, which is basically just you know, centralized you know service like like what they have now, like what they're using now, except using blockchain to do it because it's so much faster, it's cheaper, it's easier. So they've acknowledged that. But you don't see them like really you know,

adopting bitcoin. You see them adopting their own stuff. Because now, dude, this I I've always said, man, crypto is like the most empowering thing for the people or the most enslaving thing for the people. So it depends on what you use. Right. So if you give central banks, if you give governments the ability to create their own cryptocurrency, they have complete control over the population. They can you know, take money away from and they can see where their money spent.

They can use social engineering, they can see you know, hey, you're not a good person. We're just gonna freeze your accounts, all kinds of stuff versus bitcoin where you go anywhere in the world and now you can basically use it, you know, a peer to peer without the need of a third party, so that you've got the empowerment and then you also have the enslavement. And so there's so many things going on right now. But uh, I can tell you as we want see nothing yet depends on

which way I can go. I you know, I think the one thing and I want to ask you about Facebook coin, and it goes into exactly this next point, which was and and just for a real quick history lesson when the Internet first came out, it was open right, The Internet's open source, and all these big corporations were like, oh no, we can't have our databases hooked to this

open internet. So they all spent probably collectively billions of dollars to make intranets, and they made spend all this waney to make these closed off intranets, and then eventually they all got abandoned. Now everybody's on the open Internet, and that's exactly what we're seeing today with all these jp morgan building their own little internal blockchains and eventually hopefully they'll go to this open source one. But back to the point, you just made either the most freedom

or the most enslaving, and you're absolutely right. I mean, imagine if if if the FED had their way and could get rid of cash and put everybody on a blockchain. Uh, it would be dangerous. I mean it would be good for them, bad for people that wanted freedom. But when you look at like Facebook, and I know this is pure speculation, but um like, I do agree with you that it would probably the biggest push for adoption. Three billion users globally, and not just not just users, but

almost every business eight million businesses. Now you have merchant acceptance right now, there's actually real use case. But what do you think guessing? Uh, do you think Facebook would have an open source or a closed source code base? One? And two? Would would Facebook be exchangeable or would it only be used within the ecosystem? So I think that's

it's difficult to say. I think that they're they're gonna try to play to the decentralized crowd and say portions of it are just like if you look at the finance decks, it's not really a dex. I mean they can call back the transactions and take take your funds from what from what I've been told, So I'm not sure exactly how they're gonna brand it, but I wouldn't imagine that it's going to be fully you centralized, and

god knows, they're not gonna show all their code. Uh they may show portions of it, but they definitely won't show you know, how the how the sausage is made. And then um, as far as it being closed loop, I think they might start off that way because you know then I mean, I guess if it's pegg to currencies, if it's just a basket of fiat basically you know, in different countries, just just what it's going to be

able to do for the world alone. I mean, you'll have all the unbanked banked overnight if they allow it to leave the ecosystem that you can shut down Vias and MasterCard and probably a month that they wanted to because you've got eighty million businesses there, you get three billion people. If they allow this to be open and free to the world, you'll probably see the biggest you know, shift of wealth that you've ever seen. Uh, go to Facebook.

They'll be like the biggest thing ever. I can't I can't even describe how how huge they will become if they do make their Facebook coin available outside of their ecosystem. It just because everybody would, you know, just accept it and adopt it, and they would just you already see the only people that really care about, you know, losing their information and there um, you know the I guess

the privacy issues that we've had with Facebook. You know, there's there's a small percentage people maybe you're upset about it. The other eight percent just keep posting pictures and videos and you think that they the percent of people that are upset about it aren't even probably do anything about it. Like I'm kind of upset about it, but I'm still

on this pupid thing, right, That's what I mean. So people, you know, they're if they're already posting their pictures of videos and then now you have Facebook, they already trust them, and they're gonna start using them for currency to pay for you know, goods and services, and everybody's gonna accept it because everybody is already on the platform. You've never seen this kind of shift in wealth and in payment

transactions and currency. Ever, I don't think ever, it is gonna be one of the biggest things that we've ever seen people downput. But and I can't say the day one they'll be, um, you know, open to the world. They may be a closed loop initially, but they won't

always be that way. I guarantee it. I think in order to have massive success, they're gonna have to be open and exchangeable, because that's the whole thing where it's like and really like the Internet now whatever you wanna call it, twenty years old, is really now just changing the world in a sense where like you know, um, if we're really feeling the effects of the social effects

of the Internet in a decentralization. But the Internet, if we have all these borders and so our money doesn't cross borders and super expensive to transfer money across the borders. You can't send five bucks across the border. It's just it's just not cost effective. And that's where crypto comes in. So you look at like the Internet, you have like

Internet citizens and now we're on the Internet. Is four billion people on the Internet, and that's where like bitcoin can be this Internet money and Facebook could potentially be that Internet money. But if it if you can't leave the inner the ecosystem, I think I think it's gonna lose,

so we'll see. No, you're right. I mean they've already tried that with some of their digital currencies that they've had in there for for tipping and sending people, you know, digital cash, but it wasn't crypto and it didn't have you know, a wide adoption at all. Why it's a

closed system. As soon as you open this up to the world, to all the businesses, all the users, I mean, it seriously could destroy these and master Card American Express discover all those guys literally like in the first month because nobody be able to keep up. All they have to do is keep the fees low and they control everything, and everybody would use it and it would be silly and and and that's the big shift. So everything we

have today is siloed off and closed off. My Target reward points are stuck at Target, My American airlines, miles are stuck on American airlines, Like my Chuck E Cheese tokens only still work if I go back to Chuck E Cheese. Everything is closed off, whereas cryptocurrencies allows everything to re open and exchangeable. And and that's the way I think we wanted to be it should be. That's the way it'll grow. But there's massive incentives for all these people to try to continue to not allow that

to happen. Um, so that's the battle, right, Yep, No, you're absolutely right. I keep telling people all the time, and you guys are looking at the wrong at the wrong thing. They keep talking about which blockchains better. It's like, we already have good enough blockchains now when need layer two, layers three solutions, and you need basically, you know, a hub to plug into that doesn't matter what blockchain you're using, doesn't matter what company you're with. You know, it'll just

work everything. You're not gonna have to have all these different things. You'll just have one thing that will basically swap currency to currency. It won't matter if there's two million cryptos out there, two cryptos out there, it'll just convert everything for you. Yeah, that's what we're really missing right now, is it's kind of that conversion cool. And then obviously, of course, you know, like a layer three solution, which is the ease of access to those systems lay

or two stuff like lightning obviously isn't there yet. But we really don't need all that crazy stuff quite yet just start, you know, putting this to work. We just need to use your interface that works, it's easy to use, and we need basically some kind of compatibility component that we don't have yet. Um So that's when one of the things we're trying to do with Monarch is just make it make it extremely easy for everybody to plug into and have access to everything. You don't have to,

you know, belong to just one club. Just like restaurants. You know, you got Burger king on McDonald's, Taco Bell, it's all food, man. You can pick whatever you want. You know, you can eat whatever you want a different day. You shouldn't. You shouldn't limit uh, you know what you're able to do. You should be able to get whatever you want and be able to consume it. So I think the same thing will hold true in crypto. We're just missing a few pieces that I think are on

the way right. All right, Well, that's good stuff. I appreciate that. Now, just one more question. So, you know, being that you're building in the space, like I said, you're on you're on the move, You're you're you're meeting all the people, you're seeing all the things. Where do you see yourself a company. Um in one, two, three, whatever years. How far are you looking out? Where do

you think you'll be? Yeah, I mean it's one of those things that um, you know, we we try to drop value every you know, every week every two weeks, so and um, you know, we're not afraid to pivot, you know when we kind of go the wrong direction. So right now, you know what I want to do is in the next year, snayling myself, we want to create you know, one platform to where everybody can go and have access to all their favorite services in businesses that we partner with from one place, with one log

and experience, with one KYC experience. Make it stupid simple, like just crazy simple that everybody, you know, we'll start enjoying it using it things like that. Um. Obviously you know, we build a lot of our own things as well. So some of the stuff that you know, like for instance, we've come up with the we've you know, patented patent

pending you know, like a recurring payment transaction model. Right, so we've created a plug in that businesses can use to set up recurring methods and crypto and be paid, um, you know in stable and stable fiats right. So that way, if you want us paying crypto for you know, Netflix or Hulu or you know, your mortgage stuff like that, you'll be able to do that. In in in Crypto, we have acquired a broker dealing license you know, pending you know, Finner SEC approval, all that kind of good stuff.

But it allows us to, um, you know, convert crypto FIAT and pay these merchants. So what you know, I mean I could break this down granularly, I guess you know with our Stolaune platforms all this stuff. But basically where I see us, you know, in in five years is like the go to place for anything crypto or financial services. Uh be once one stop shop anything and everything you want to access to. You know, you're gonna be able to do it from one place. We're gonna

we're not worried about competition. You know, arms are wide open to basically anybody of value. You know, we'll bring them on, We'll plug them in, will offer their services to our users, and our users will have access to their services from one easy place. So you know, I want to do that like over the course of the

next year. UM, I mean, if you look at what we've done and just over the past year or two, we've I mean, I'll say that we've done more than most of the crypto companies out there, and ours is

freeing you can down it today. Um So in five years, I think it's it's gonna be like just an incredible place for everybody to go and uh and while they retain ownership of their seed and their keys and their funds, and while they while they're still their own monarch and while they're still you know, their own kings and queens of their financial you know, empires that they've that they've created and no one can take from them. Yeah. Nice, all right, Yeah, it's hard to project out in five years.

We don't know because we don't have building blocks to build the stuff that will be built in the future. Right, trying to trying to predict that we'd have, um, something called the cloud that had uh, that our our cars will be hooked to something called the cloud that would be given us like voice activated navigation, using something called social media, Like we didn't have any of those building blocks,

Like we wouldn't have known about that. No. Actually, right this this space is not going to look the same in five to ten years, five ten years, you won't even recognize the space. You have cars paying cars you're gonna have. It's gonna got ready player one in certain instances. Right, So, um, all I know is I just want to make sure there were that one spot for everybody to go to basically control their finances and their freedoms and have access

to all the coolest stuff. And it's just gonna get better and better every single week, every single month, every single year. And uh that's that's what I want us to be for the people. Yeah, well you are one busy man on the move with your finger on the pulse. So I'm putting out tons of good content for those listening on the podcast. Where's a good place to keep up with you? Well all right, um, let's see. So

we obviously have our YouTube channel. We give away a hundred bucks bitcoin cash on every single episode so that way people can get into crypto on on our dime actually my dim and so that's Crypto Beatles on YouTube. Uh see, we're on TV Business TV um on the face uh trading these sessions on trading views. So if you want to learn about you know, how to chart and all that kind of stuff. You know, all this stuff is is free. Just go in there and watch it.

I don't do any kind of paid courses or any that kind of stuff, so it's always free on my dime. Just here to help educate and bring value in the space. Awesome, awesome, all right, well, good stuff, good chatting with you, and look forward to seeing you continue to disrupt. Likewise, my brother, keep it up. Let me know if you need anything. Cool, God bless all right, thanks bye. Hey. If you like this episode of the Market Disruptors Podcast, please help us

take this to the top of the podcast charts. Just please do me a favor and rate, review and subscribe. Taking fifteen seconds to just leave a quick review goes a long way and helping us reach more people and disrupt more markets. I really appreciate you listening, and I'll see you next time on the Market Instructors Podcast