1 00:00:00.200 --> 00:00:03.500 So a DOT eath is not like a.com or 2 00:00:03.500 --> 00:00:06.800 a.org or a DOT net it's not necessarily for a website per 3 00:00:06.800 --> 00:00:09.400 se or for like an email address. It's really it 4 00:00:09.400 --> 00:00:13.200 was designed to shorten. Someone's long cryptocurrency 5 00:00:12.200 --> 00:00:15.300 wallet address if you want to send crypto to someone 6 00:00:15.300 --> 00:00:18.900 you get this long string of characters. Yeah, and you 7 00:00:18.900 --> 00:00:21.500 can tell someone send your this amount of crypto to 8 00:00:21.500 --> 00:00:24.000 this long string of characters. And by the way, if you 9 00:00:24.500 --> 00:00:27.000 scoop any of the characters the crypto you send will just go 10 00:00:27.100 --> 00:00:31.300 to nowhere and we'll be lost forever. So there's a lot of like fear and 11 00:00:30.300 --> 00:00:33.500 sending crypto to a very long address. 12 00:00:34.400 --> 00:00:37.600 and so one way around that was to create 13 00:00:37.600 --> 00:00:40.400 essentially a domain name 14 00:00:40.400 --> 00:00:44.000 like a name or a word that you could use put.eat at 15 00:00:43.100 --> 00:00:46.700 the end of it and when you type that into your whatever 16 00:00:46.700 --> 00:00:47.900 digital wallet you're using 17 00:00:48.600 --> 00:00:51.600 It will then say okay. Well this name actually belongs 18 00:00:51.600 --> 00:00:54.100 to this crypto address send the crypto there 19 00:00:54.100 --> 00:00:57.700 so you could send it to Sean murray.e and 20 00:00:57.700 --> 00:01:00.300 I have to worry about the long name. You can spell my name 21 00:01:00.300 --> 00:01:03.100 right? You can just send the crypto there. You don't have 22 00:01:03.100 --> 00:01:06.600 to worry about whether or not you copy and paste in one of the characters incorrectly or 23 00:01:06.600 --> 00:01:06.900 not. 24 00:01:07.900 --> 00:01:10.200 Anyways, this is coming up 25 00:01:10.200 --> 00:01:14.600 because you have people who are now speculating on branded 26 00:01:13.600 --> 00:01:16.400 wallet names right people 27 00:01:16.400 --> 00:01:19.400 are buying like merchant cash advance dot Eve 28 00:01:19.400 --> 00:01:22.600 business loans dot e, right an ACH dot eat 29 00:01:22.600 --> 00:01:25.400 and you start to think well, what's the point of all this 30 00:01:25.400 --> 00:01:28.400 is people just buying vanity names like what is crypto have 31 00:01:28.400 --> 00:01:31.800 to do with any any of this stuff, which is honestly that most 32 00:01:31.800 --> 00:01:34.200 common feedback. I hear when I 33 00:01:34.200 --> 00:01:37.300 start to talk about these things with a small business finance Community. 34 00:01:37.300 --> 00:01:40.500 A lot of people just tune out like crypto has 35 00:01:40.500 --> 00:01:43.400 nothing to do with what I'm doing. I'm just helping small 36 00:01:43.400 --> 00:01:46.300 business owners get financing and a story which I 37 00:01:46.300 --> 00:01:46.700 get right. 38 00:01:48.800 --> 00:01:51.300 Um, but what's happening is that the dot deep 39 00:01:51.300 --> 00:01:55.500 is slowly becoming a little bit more than just a crypto wallet. 40 00:01:54.500 --> 00:01:57.900 It's starting to become sort of your kind 41 00:01:57.900 --> 00:02:00.900 of your identity on the web because 42 00:02:00.900 --> 00:02:03.900 people are calling this new this 43 00:02:03.900 --> 00:02:06.700 new thing web 3 web 3.0 Web 44 00:02:06.700 --> 00:02:09.400 2.0 you log into a bunch of different websites. 45 00:02:09.400 --> 00:02:12.800 We would just talking about that. Yeah. I have a hundred passwords for 46 00:02:12.800 --> 00:02:15.300 a hundred different sites. I can't remember any of that. Yeah. 47 00:02:15.300 --> 00:02:18.000 We were literally just talked. Yeah that but I'm not 48 00:02:18.300 --> 00:02:21.300 ashamed to admit it. Yeah, this changes things because you 49 00:02:21.300 --> 00:02:24.300 don't need to remember that anymore. You can just 50 00:02:24.300 --> 00:02:27.700 log into any site that has compatibility 51 00:02:27.700 --> 00:02:30.100 using your digital wallet. Yeah that 52 00:02:30.100 --> 00:02:33.400 dot eat becomes your identity to log into 53 00:02:33.400 --> 00:02:37.000 everything. You don't have to have a login to everything anymore. And 54 00:02:36.200 --> 00:02:39.300 so what we're seeing now is people are 55 00:02:39.300 --> 00:02:42.900 buying up these names hoping that this identity on 56 00:02:42.900 --> 00:02:45.700 the web crossover identity 57 00:02:45.700 --> 00:02:46.800 throughout the entire internet. 58 00:02:47.400 --> 00:02:50.300 Have some value in the future. That's what I think. That's why 59 00:02:50.300 --> 00:02:53.200 I think there they might be buying his names. Why else would you buy 60 00:02:53.200 --> 00:02:56.600 business loans dot eat someone someone bought MCA 61 00:02:56.600 --> 00:02:59.200 dot eat there and they have it up for sale for like 62 00:02:59.200 --> 00:03:00.000 60 Grand, right? 63 00:03:00.800 --> 00:03:03.100 I don't know if someone's going to buy it and I don't 64 00:03:03.100 --> 00:03:06.800 know if in my mind I don't know if that person's mind. They were thinking like merchant cash 65 00:03:06.800 --> 00:03:09.700 advance. Who knows what they meant. Yeah by MCA but 66 00:03:09.700 --> 00:03:12.500 it is available for sale for that price and 67 00:03:12.500 --> 00:03:15.200 it has nothing to do with crypto so to speak 68 00:03:15.200 --> 00:03:18.700 but more of this whole concept of web 3 that 69 00:03:18.700 --> 00:03:21.400 in the future, we won't need to have hundreds of logins to 70 00:03:21.400 --> 00:03:24.800 all these different sites. You can just kind of use your digital wallet 71 00:03:24.800 --> 00:03:27.500 access everything and that name Will 72 00:03:27.500 --> 00:03:28.800 Define Who You Are 73 00:03:32.100 --> 00:03:36.400 That's I personally like that. Okay. Now 74 00:03:35.400 --> 00:03:38.300 I'm I personally I personally 75 00:03:38.300 --> 00:03:41.000 like that idea because if you end up just being able to 76 00:03:41.300 --> 00:03:44.300 use like that's your pretty much who you like your 77 00:03:44.300 --> 00:03:47.500 your name or you know who you are and it 78 00:03:47.500 --> 00:03:50.400 pretty much has everything about you. I do 79 00:03:50.400 --> 00:03:51.600 question whether or not 80 00:03:53.900 --> 00:03:56.000 like it's like Johnny fernandez.eath. 81 00:03:56.500 --> 00:04:00.700 If anyone would be able to replicate that, 82 00:03:59.700 --> 00:04:02.100 I guess it's like when 83 00:04:02.100 --> 00:04:05.300 you hit when you buy a domain you have to start getting creative, but then there's more 84 00:04:05.300 --> 00:04:08.300 than one Johnny Fernandez of someone else has Eve. 85 00:04:09.200 --> 00:04:12.200 I guess like how many times how many Johnny Fernandez are there? 86 00:04:12.200 --> 00:04:15.300 And how how creative can I get with my DOT? Well, 87 00:04:15.300 --> 00:04:18.600 it's the same because once someone takes that name it's gone 88 00:04:18.600 --> 00:04:20.600 it's gone, but then it's like 89 00:04:21.500 --> 00:04:24.100 I guess like you just have to get creative because I've bought the 90 00:04:24.100 --> 00:04:27.300 domain and one of the problems was that someone already got my domain name. So 91 00:04:27.300 --> 00:04:30.300 it took me like an extra 10 minutes. I don't even have deep Bank 92 00:04:30.300 --> 00:04:33.100 dot eat someone's took it really someone jacked you before I could 93 00:04:33.100 --> 00:04:36.100 get it. See that's nothing I can do 94 00:04:36.100 --> 00:04:37.100 so I get 95 00:04:38.100 --> 00:04:39.200 would be 96 00:04:39.500 --> 00:04:42.200 I'm trying to see how creative would you be 97 00:04:42.200 --> 00:04:45.600 able to get with trying to get like something similar to debank Dottie, you 98 00:04:45.600 --> 00:04:48.200 know, there's this that's a whole separate topic as to whether 99 00:04:48.200 --> 00:04:51.600 or not you have to have your specific brand name and whatever. I 100 00:04:51.600 --> 00:04:54.400 think at the end of the day. The point is that you have 101 00:04:54.400 --> 00:04:58.000 this little little bubble of speculation. Yeah, that's 102 00:04:57.600 --> 00:05:00.200 for me and people are kind of 103 00:05:00.200 --> 00:05:03.300 betting that there will be some value to these names. I have 104 00:05:03.300 --> 00:05:06.600 no idea if if it'll work out. Yeah or if 105 00:05:06.600 --> 00:05:09.700 they'll be worth anything at all. Yeah, I think web 3 it's 106 00:05:09.700 --> 00:05:12.000 not theoretical right now. A lot 107 00:05:12.200 --> 00:05:15.000 of people think like oh in the future, it's all gonna be like this. I'm like, no 108 00:05:15.900 --> 00:05:18.100 you can currently do all these things that I'm talking about. 109 00:05:18.100 --> 00:05:21.200 You can already log in with your digital wallet to a variety of different 110 00:05:21.200 --> 00:05:24.300 sites and use your diet eat to do all these different things. I have done 111 00:05:24.300 --> 00:05:27.300 it already done it for online check out. I've done it to to vote in 112 00:05:27.300 --> 00:05:30.700 a poll. I've logged into to different websites without 113 00:05:30.700 --> 00:05:33.500 having any prior relationship with the website. It's actually 114 00:05:33.500 --> 00:05:36.200 kind of cool. Yeah, and I understand the value of it 115 00:05:36.200 --> 00:05:38.900 and it's not we're not talking about theoretically 116 00:05:39.500 --> 00:05:42.300 Future we're going to be living a web 3.0. It's already here. 117 00:05:42.300 --> 00:05:45.600 It's just not it's just not widely adopted. Yeah, and 118 00:05:45.600 --> 00:05:48.900 so but I want to be surprised if within the next year 119 00:05:48.900 --> 00:05:51.600 it starts being widely adopted 120 00:05:51.600 --> 00:05:54.800 just because it simple fact that look how like just 121 00:05:54.800 --> 00:05:57.500 things are changing so drastically so who knows 122 00:05:57.500 --> 00:06:00.100 maybe in a year from now, we will be, you know, 123 00:06:00.100 --> 00:06:04.100 adopting it and and starting to put to what 124 00:06:03.100 --> 00:06:06.500 2.0 to the side potentially. You 125 00:06:06.500 --> 00:06:09.200 know, I I would say I'm not here advocating for 126 00:06:09.200 --> 00:06:12.200 you need to go run out and buy, you know a DOT eat name that 127 00:06:12.200 --> 00:06:15.000 has something to do with the industry or buy up a 128 00:06:15.300 --> 00:06:18.200 keywords or anything like that. You can do whatever you want. I have no idea how 129 00:06:18.200 --> 00:06:21.400 all this will turn out. I'm just simply drawing attention to the fact. Yeah that 130 00:06:21.400 --> 00:06:24.900 when you search for these names they've already been taken. So 131 00:06:24.900 --> 00:06:28.200 there are those out there who are already thinking this there 132 00:06:27.200 --> 00:06:30.500 could be value. Yeah in the future. I you 133 00:06:30.500 --> 00:06:33.800 know, I bought a few names but I don't even think I have to 134 00:06:33.800 --> 00:06:36.200 check. I don't know that I have any even related to the 135 00:06:36.200 --> 00:06:38.900 industry. Yeah for like I have like broke your favorite. 136 00:06:39.400 --> 00:06:42.400 Daily funder.edu these are these are brand names, but 137 00:06:42.400 --> 00:06:45.300 I'm not out there going but like, you know loans and 138 00:06:45.300 --> 00:06:48.300 lending not eat I need to have is yeah, that's not 139 00:06:48.300 --> 00:06:51.800 real. That's not really what I'm about other people though. Yeah are 140 00:06:51.800 --> 00:06:54.000 seeing that there might be some potential value in it. And 141 00:06:54.200 --> 00:06:57.400 so I I'm just bringing attention to the fact that we're kind of seeing a 142 00:06:57.400 --> 00:07:00.500 repeat of what we saw more than 10 years ago because 143 00:07:00.500 --> 00:07:04.000 more than 10 years ago people wanted to know who owns merchant 144 00:07:03.300 --> 00:07:07.100 cash advance calm who owns business loans.com 145 00:07:06.100 --> 00:07:09.300 that person is so lucky that person 146 00:07:09.300 --> 00:07:12.300 could sell it for a million dollars. Yeah. We're not even turn it into 147 00:07:12.300 --> 00:07:15.400 a website. So when people search when they go to their web brows and 148 00:07:15.400 --> 00:07:18.300 they type in business loans.com, they're gonna end up on your site. 149 00:07:18.300 --> 00:07:21.400 That's what people were betting on right or they Google something. 150 00:07:21.400 --> 00:07:24.100 Well Who you gonna trust some random company never heard of 151 00:07:24.100 --> 00:07:27.200 or business loans.com, right? I'll try that 152 00:07:27.200 --> 00:07:27.300 one. 153 00:07:28.300 --> 00:07:31.300 People are taking the same approach. Yeah, at least with this this 154 00:07:31.300 --> 00:07:34.600 whole dot e thing and if you if you just ignore the 155 00:07:34.600 --> 00:07:37.200 crypto aspect of it. Yeah and start looking at it as 156 00:07:37.200 --> 00:07:40.400 a web 3 and your identity on the 157 00:07:40.400 --> 00:07:43.100 future of the World Wide Web then it starts 158 00:07:43.100 --> 00:07:47.400 to make a lot more sense. Yeah. It's not a crypto thing. Well 159 00:07:46.400 --> 00:07:49.900 and I think it would make life easier too. It 160 00:07:49.900 --> 00:07:52.300 can make life easier. I have done an online 161 00:07:52.300 --> 00:07:55.400 check out without having to enter in any payment information. 162 00:07:55.400 --> 00:07:58.400 I didn't have a login on the site. I 163 00:07:58.400 --> 00:08:01.100 just said I want to buy this click click click using my 164 00:08:01.100 --> 00:08:04.500 web 3 identity. So I'm ready to eat boom done. 165 00:08:04.500 --> 00:08:07.400 I'm out. That's it. It's all about and I 166 00:08:07.400 --> 00:08:10.800 think it's all at the end of the day. This is all about making life easier and 167 00:08:10.800 --> 00:08:13.300 it will make life a lot easier. It's like it's like 168 00:08:13.300 --> 00:08:16.800 what problem are yourself? Yeah. Yeah. Ask what 169 00:08:16.800 --> 00:08:20.000 problem is crypto solving and I think we were 170 00:08:19.200 --> 00:08:22.600 literally talking about before we turn on this camera went 171 00:08:22.600 --> 00:08:25.100 lie that I have a hundred pass or 100 sites and 172 00:08:25.100 --> 00:08:27.900 I can't remember them all and I'm unwilling to just 173 00:08:28.300 --> 00:08:31.500 Them all the same password because I am a paranoid 174 00:08:31.500 --> 00:08:34.800 person plus I hate having hundreds of different accounts. Yeah, 175 00:08:34.800 --> 00:08:37.400 I would love if I just essentially owned 176 00:08:37.400 --> 00:08:40.900 my account and can just connect it connected 177 00:08:40.900 --> 00:08:43.300 to things and Supply whatever 178 00:08:43.300 --> 00:08:46.800 information you need to get from it and I could just say authorized, you 179 00:08:46.800 --> 00:08:49.200 know, they mean yes, I had to private key to this account. 180 00:08:49.200 --> 00:08:52.000 I am so married you have what you want, you know 181 00:08:52.300 --> 00:08:56.000 and vice versa. The transaction is over. I think there's value 182 00:08:55.300 --> 00:08:58.300 in that if you just detach the crypto 183 00:08:58.300 --> 00:09:01.100 stuff from it, it makes a lot of sense and it reminds me a 184 00:09:01.100 --> 00:09:04.300 lot of like when you obviously this isn't it 185 00:09:04.300 --> 00:09:07.900 but like when you have Apple pay like now everything like I have credit card 186 00:09:07.900 --> 00:09:10.800 connected to my phone and I just go like I 187 00:09:10.800 --> 00:09:13.300 don't even have there's been days on I don't even bring my wallet 188 00:09:13.300 --> 00:09:16.100 anymore because I just have everything on my phone. It's it's the same 189 00:09:16.100 --> 00:09:19.400 concept. Yeah, and and that has been and I will say 190 00:09:19.400 --> 00:09:22.200 this at first I did speculate a little bit. I'm like, I don't know like, you 191 00:09:22.200 --> 00:09:25.300 know my phone get lost or I don't know like different things cross your mind, but 192 00:09:25.300 --> 00:09:27.700 it may have it's made like a lot easier and 193 00:09:27.900 --> 00:09:30.200 I feel comfortable just sometimes not 194 00:09:30.200 --> 00:09:33.800 even bringing my wallet and just having everything on my phone because I 195 00:09:33.800 --> 00:09:36.400 can just literally just tap and go 196 00:09:36.400 --> 00:09:39.200 the other day the other day being yesterday. I was 197 00:09:39.200 --> 00:09:42.500 trying to buy something online. There was a website I'd never use before and it 198 00:09:42.500 --> 00:09:45.400 was like enter your name full address 199 00:09:45.400 --> 00:09:47.100 credit card number and I was just like 200 00:09:47.900 --> 00:09:50.600 Like the feeling of having to 201 00:09:50.600 --> 00:09:53.600 defeat yeah. Yeah to fill 202 00:09:53.600 --> 00:09:56.100 all that in. Yeah, there was no PayPal option and I was 203 00:09:56.100 --> 00:09:59.800 like, this is just gonna take forever. This is really annoying. Yeah it 204 00:09:59.800 --> 00:10:02.300 really is it just yeah, it's you doing you just have everything. But yeah, 205 00:10:02.300 --> 00:10:05.300 I I think going back to the dot Eve. I mean, 206 00:10:05.300 --> 00:10:08.100 it's the whole goal. I mean that's regulation is to 207 00:10:08.100 --> 00:10:09.300 make life easier. I think that'd be great. 208 00:10:10.100 --> 00:10:13.300 So excited to see what's gonna we'll see what happened. Yeah. I am 209 00:10:13.300 --> 00:10:16.300 not advocating for anything with it and just but it is 210 00:10:16.300 --> 00:10:19.300 something that behind the scenes there. Are 211 00:10:19.300 --> 00:10:22.400 those small group in the in the industry community that are starting 212 00:10:22.400 --> 00:10:24.200 to speculate on the names. Yeah.