00:00.000 --> 00:00.840 Sean Murray: I'm Sean Murray. 00:00.840 --> 00:03.090 Johny Fernandez: And I'm Johny Fernandez. So good for you to 00:03.090 --> 00:06.540 join us today. Just want to let you know that my stash is coming 00:06.540 --> 00:10.530 in in full swing. Sean has a great stash. I can't wait for 00:10.530 --> 00:11.220 the end of the month. 00:11.610 --> 00:13.650 Sean Murray: Your's, your's is like stash Jr. 00:13.680 --> 00:16.380 Johny Fernandez: Stash, it's growing. I did. I mean, this is 00:16.380 --> 00:18.330 the first time I've ever had a stash like this. 00:18.330 --> 00:19.860 Sean Murray: Is that your longest one ever? 00:19.890 --> 00:22.830 Johny Fernandez: Yeah. Stash wise. Yeah. I'm excited. 00:23.100 --> 00:23.940 Sean Murray: It is pretty exciting. 00:23.940 --> 00:25.820 Johny Fernandez: Your's is good. You're you look like an. We've 00:25.820 --> 00:28.760 talked about this here. I'm a junior officer. You're an 00:28.760 --> 00:29.270 officer. 00:29.300 --> 00:31.460 Sean Murray: But you know what? I kind of cheated. Because this 00:31.460 --> 00:34.610 is about three weeks for me. I didn't start on November 1. I 00:34.610 --> 00:35.210 started like. 00:35.330 --> 00:36.350 Johny Fernandez: No I started November. 00:36.440 --> 00:39.320 Sean Murray: This is October. middle of October. By accident. 00:39.770 --> 00:43.220 Okay. Yeah. Movember just kind of became a thing I fell into. 00:43.250 --> 00:44.660 Johny Fernandez: What does your family say about it? 00:44.990 --> 00:46.460 To get rid of it, immediately. 00:47.780 --> 00:49.370 What does your kid say about it? 00:49.790 --> 00:50.660 Sean Murray: He's fine with it. 00:50.840 --> 00:52.790 Johny Fernandez: Is he like you're an officer? 00:53.150 --> 00:55.460 Sean Murray: No, he doesn't. He doesn't make connotation. 00:55.520 --> 00:58.160 Johny Fernandez: Okay. He will one day. It's great. It looks 00:58.160 --> 00:59.360 great, though. You think you're gonna keep it? 01:00.440 --> 01:02.150 Sean Murray: To the end of the month. I have to, for charity. 01:02.150 --> 01:03.290 Johny Fernandez: No, after that. 01:03.320 --> 01:04.160 Sean Murray: Probably not. 01:04.190 --> 01:04.580 Johny Fernandez: Okay. 01:04.610 --> 01:08.000 Sean Murray: But we'll see if it if it survives until Broker 01:08.000 --> 01:08.360 Fair. 01:08.540 --> 01:10.910 Johny Fernandez: Oh, wow. Okay. So if you want to learn more 01:10.910 --> 01:14.780 about that the donation that first charity, we're part of I'm 01:14.780 --> 01:15.710 joining, I'm just going to. 01:15.860 --> 01:16.730 Sean Murray: You're just going to be in it? 01:16.850 --> 01:17.090 Johny Fernandez: Yeah. 01:17.120 --> 01:17.480 Sean Murray: Alright. 01:18.050 --> 01:21.320 Johny Fernandez: You can log on deBanked.com, and we'll let you 01:21.320 --> 01:24.710 know about that. Okay. Yeah. So, alright, so let's get straight 01:24.710 --> 01:28.010 into the topics that we're gonna be talking about today. So, last 01:28.010 --> 01:31.640 week, we spoke about NFTs. And this week, we're gonna have a 01:31.640 --> 01:35.990 conversation about an NFT and a rapper, his experience and how 01:35.990 --> 01:40.580 he wants to build mint NFT's through his experiences. And 01:40.580 --> 01:44.030 what this originally came out of was because this guy, his name 01:44.060 --> 01:48.620 is Kosha Dillz and Kosha. He was rapping in front of Penn Station 01:48.620 --> 01:52.070 here in New York City. When a famous rapper Fat Joe, I'm a big 01:52.070 --> 01:55.340 fan of Fat Joe, I remember him from back in the day, so Fat Joe 01:55.550 --> 02:00.380 stopped, picked up the mic, rapped gave him a $20 tip that 02:00.380 --> 02:03.140 was all caught on camera. So that kind of led to more of an 02:03.140 --> 02:09.170 inspiration to for him to mint, his life experiences into NFT's. 02:09.470 --> 02:12.950 And I think this just goes back into the bigger picture of the 02:12.950 --> 02:16.400 conference that we went to last week NFT NYC, we have a couple 02:16.400 --> 02:19.760 of articles about that online. But just the different ways that 02:19.790 --> 02:25.190 NFT's are, you know, the different avenues people go with 02:25.190 --> 02:33.380 it. And his essentially his goal is to he hopes to turn his 02:33.380 --> 02:37.700 minted life experiences into rev into a revenue stream and claims 02:37.700 --> 02:41.060 that all the places he's been in the people that he's met, would 02:41.060 --> 02:46.730 create value for potential buyers. So, Seab, when you hear 02:46.730 --> 02:50.750 this specifically, I think you this would be a great avenue for 02:50.750 --> 02:53.390 you if you want some side income. What do you think about 02:53.390 --> 02:58.970 this? Like, minting NFT's through life experience through 02:58.970 --> 03:00.920 his people's life experiences? 03:00.950 --> 03:03.290 Sean Murray: Yeah, you know, I almost don't even get it to be 03:03.290 --> 03:09.620 honest with you. Like, I don't understand, I guess how you even 03:09.620 --> 03:15.170 capture that in an NFT per se. You know, an NFT is just a 03:15.200 --> 03:21.380 digital token. That's not fungible. And so it's unique. 03:22.490 --> 03:24.290 Johny Fernandez: But so are life experiences. 03:24.680 --> 03:27.170 Sean Murray: Sure but like, what are you putting in there that 03:27.170 --> 03:32.300 adds value to someone else like I, I get I get autographs I get 03:32.330 --> 03:36.500 pictures. But I'm having a hard time understanding, capturing 03:36.500 --> 03:41.300 and experience into an NFT. I guess we'll find out. Yeah. But 03:41.360 --> 03:44.210 would you I've been pretty open minded to all this stuff. But I 03:44.210 --> 03:46.490 feel like that's one where I'm starting to get a little bit 03:46.490 --> 03:49.430 lost how you capture an experience into one I'm not 03:49.430 --> 03:49.760 sure. 03:49.790 --> 03:52.040 Johny Fernandez: Would you buy something like this? 03:52.130 --> 03:54.470 Sean Murray: No. No. Not not an not. 03:54.530 --> 03:57.950 Johny Fernandez: Why not? Why not? cause, cause you gave I got 03:58.010 --> 04:01.520 a lot of heat for not trying to buy NFT's period. But now you're 04:01.580 --> 04:03.650 like, I think this is great. 04:05.580 --> 04:08.040 Sean Murray: I think because I don't really know, I don't 04:08.040 --> 04:11.820 really know how you capture an experience into an NFT. I 04:11.820 --> 04:15.300 understand if it's like a like an autographed. If it's like a 04:15.300 --> 04:21.150 digital autograph. Yeah. I get that I get if it's some type of 04:21.930 --> 04:27.240 if it's some type of item that this NFT represents. I guess I 04:27.240 --> 04:30.480 understand that, but I'm kind of lost on the idea of capturing. 04:31.530 --> 04:33.780 Alright, an experience is already intangible. So you kind 04:33.780 --> 04:38.220 of have an intangible in an intangible. That just for me, it 04:38.220 --> 04:41.490 feels like we're really kind of hitting the border of like, 04:41.550 --> 04:44.340 what's real and what's not? Yeah. Some people already think 04:44.340 --> 04:46.950 that NFTs are already intangible. It's a digital 04:46.950 --> 04:49.320 representation of what? And now you're gonna tell me it's a 04:49.620 --> 04:53.790 digital representation of someone's experience. I just 04:53.790 --> 04:54.270 don't know. 04:54.450 --> 04:56.430 Johny Fernandez: Well, and I think what was interesting is 04:56.430 --> 05:00.240 that when I went to NFT, NYC something I realized is that 05:00.390 --> 05:03.570 people are using NFT's for different things. And it was 05:03.630 --> 05:07.410 very interesting to see, you know how creative people got in 05:07.410 --> 05:11.160 this process of doing a business and you know, anything from? 05:11.520 --> 05:14.940 I've heard clothing. I've heard music, I've heard, you know, now 05:14.940 --> 05:16.650 life experiences. 05:17.430 --> 05:20.040 Sean Murray: And we'll see, we'll see on that front. I don't 05:20.040 --> 05:23.100 know, maybe there is a market for buying an NFT of someone's 05:23.100 --> 05:25.860 life experience or, you know, a moment in time. I'm just not 05:25.860 --> 05:28.590 sure. Yeah. How to make that happen. 05:28.770 --> 05:31.920 Johny Fernandez: So we'll definitely see how this turns 05:31.920 --> 05:34.650 out. And see, I definitely would love to follow up with him a 05:34.650 --> 05:39.030 little bit later on to see if, you know, this is if it's 05:39.030 --> 05:42.840 received the type of revenue stream that he's hoping for? 05:42.990 --> 05:43.320 Sean Murray: Yeah. 05:43.320 --> 05:44.230 Johny Fernandez: So we'll see. 05:44.260 --> 05:46.210 Sean Murray: You know what, you know what I heard? I heard fat 05:46.210 --> 05:48.130 Joe isn't even fat anymore. Is that true? 05:48.160 --> 05:48.790 Johny Fernandez: Yeah. 05:49.450 --> 05:51.370 Sean Murray: He's like skinny Joe now? Are they just Joe? 05:51.400 --> 05:52.090 Johny Fernandez: He's just Joe. 05:52.120 --> 05:52.510 Sean Murray: Joe. 05:52.540 --> 05:55.060 Johny Fernandez: Yeah. If you seen our studio definitely 05:55.060 --> 05:58.690 recognize him. But he's not like, you know, it was a staple 05:58.690 --> 06:02.020 back in like the early 2000s. Like, hey, yo, it's Fat Joe! But 06:02.020 --> 06:04.750 there's Shanti and Motorik and the whole crew, but now it's 06:04.750 --> 06:04.990 like. 06:04.990 --> 06:07.810 Sean Murray: Now it's old Joe. Yeah. Joe. Joe, how you doing? 06:10.540 --> 06:12.670 Johny Fernandez: So yeah, so I don't even think he's come up 06:12.670 --> 06:16.000 with any anything irrelevant in like the last decade, I may be 06:16.000 --> 06:17.410 wrong. I don't know. 06:17.440 --> 06:20.230 Sean Murray: I have not been following bad Joe, personally. 06:20.230 --> 06:22.990 So I'm waiting for the NFT to come out. 06:23.050 --> 06:26.230 Johny Fernandez: All right, cool. Here's a question. Would 06:26.230 --> 06:27.670 you buy a Two Pack NFT? 06:28.030 --> 06:29.200 Sean Murray: Depends on what. 06:29.560 --> 06:32.800 Johny Fernandez: But he's coming back in 2020. Remember that? or 06:32.800 --> 06:33.550 2010. 06:33.580 --> 06:35.770 Sean Murray: Is that was that was a rumor that that's what 06:35.770 --> 06:38.800 they predicted? I don't know. I you know, it depends on what it 06:38.800 --> 06:44.290 represented, I would have a hard time wanting it's a Two Pack NFT 06:44.290 --> 06:49.720 or any musician or artist. If if it did not come from the artists 06:49.720 --> 06:54.160 themselves. I think one of the magic parts about an NFT if it 06:54.160 --> 06:58.300 comes from an artist is that they digitally signed it from 06:58.330 --> 07:02.500 their wallet while while they were alive, right? So they took 07:02.500 --> 07:05.770 the time to create, create it on their own from their own digital 07:05.770 --> 07:09.250 wallet, you know, it came from the artist directly. But you 07:09.250 --> 07:14.110 know, you're talking about someone who died 25 years ago, 07:14.650 --> 07:20.590 right. 25, 25 years ago, Pack? You know, I don't know what that 07:20.590 --> 07:24.880 NFT would represent. I probably would rather have a real item. 07:27.010 --> 07:29.500 Johny Fernandez: You'd rather have a real item versus an NFT. 07:29.730 --> 07:31.290 Sean Murray: Oh, yeah. For someone who's already passed 07:31.290 --> 07:33.270 away. Now if it was someone living and I could you know, if 07:33.270 --> 07:36.270 he if he was still alive, for example, and he had his own 07:36.300 --> 07:39.990 wallet, and he digitally signed it, and I knew it came from his 07:39.990 --> 07:41.580 wallet, there might be something to it. 07:42.170 --> 07:44.660 Johny Fernandez: Okay. All right. It's good to know. Good 07:44.660 --> 07:49.280 to know. Alright, so the next conversation that we're going to 07:49.280 --> 07:53.000 discuss Cryptocurrency Exchange Coinbase is now allowing 07:53.000 --> 07:57.500 customers to borrow as much as 40% of their Bitcoin value up to 07:57.500 --> 08:01.310 1 million with no credit checks. And this was all announced last 08:01.310 --> 08:07.970 week. So Sean, this is something that it's a little bit of a game 08:07.970 --> 08:12.620 changer. The borrowing minimum maximum amounts vary through 08:12.620 --> 08:15.650 state, that's something that they announced and the loans 08:15.650 --> 08:17.930 that will be issued with the annual percentage rate of 8%. 08:18.410 --> 08:22.190 And borrowers borrowers will not be required to show credit 08:22.190 --> 08:26.270 checks, customers can obtain the cash using their paypal account 08:26.300 --> 08:31.130 or bank account. And they will need to make a minimum of a $10 08:31.160 --> 08:34.520 monthly interest payment. And coin Coinbase is offering 08:34.520 --> 08:38.450 flexible repayment schedules. So when do you hear this Sean? I 08:38.450 --> 08:41.540 mean someone that's in this specific space? Is this 08:41.540 --> 08:43.340 something that you think is gonna take off? 08:43.940 --> 08:44.390 Sean Murray: I do. 08:44.600 --> 08:44.990 Johny Fernandez: Okay. 08:45.050 --> 08:48.170 Sean Murray: I think it will, because one of the downsides to 08:48.170 --> 08:51.440 putting your money in Bitcoin, is you lose access to the cash 08:51.470 --> 08:54.860 at the trade. If you have $20,000 and you feel like 08:54.860 --> 08:57.590 Bitcoin is definitely going to go up talking about people who 08:57.590 --> 09:01.160 are speculating on it. Feel like Bitcoin is definitely going to 09:01.160 --> 09:04.790 go up. And you want to put $20,000 in Bitcoin, the trade 09:04.790 --> 09:08.090 off is that you don't have $20,000 to actually manage your 09:08.090 --> 09:12.350 day to day, right. So what you could do is you could put the 09:12.350 --> 09:16.490 $20,000 in Bitcoin and then you could borrow your own cash back 09:16.490 --> 09:19.850 against it. So you can have access to the cash while being 09:19.850 --> 09:23.990 invested in Bitcoin at the same time, everyone would do this in 09:23.990 --> 09:29.000 a heartbeat. If the interest rate was was zero, that there 09:29.000 --> 09:31.760 has to be some interest rate. You said it's 8% person, right? 09:31.760 --> 09:35.690 Yeah. So if the interest rate was zero, every single person 09:35.690 --> 09:38.240 would do it. Right. If you could put $20,000 into Bitcoin and 09:38.240 --> 09:41.180 then borrow, borrow the money back and it was no cost for you 09:41.180 --> 09:46.580 to do. You're basically making a risk free bet on Bitcoin. But, 09:46.640 --> 09:49.460 you know, the caveat is the 8% interest rate that you're paying 09:49.490 --> 09:52.370 to Coinbase for borrowing your own money. 09:52.370 --> 09:53.090 Johny Fernandez: Your own money yeah. 09:53.090 --> 09:54.560 Sean Murray: And you said something like, you can only 09:54.560 --> 09:56.780 borrow up to 40% of your. 09:56.810 --> 10:00.020 Johny Fernandez: As much as 40% of the Bitcoin value, up to a 10:00.020 --> 10:00.590 million. 10:00.660 --> 10:03.810 Sean Murray: Yeah, that's to protect the downside risk for 10:03.810 --> 10:07.800 Coinbase. Like if you have a million dollars in Bitcoin and 10:07.800 --> 10:10.710 you borrow a million dollars and Bitcoin's values shrinks to 10:10.710 --> 10:13.440 like, let's say that million dollars in Bitcoins shrinks to 10:13.440 --> 10:17.460 500k. And you're walking around with $1 million, all of a sudden 10:17.460 --> 10:20.520 Coinbase is exposed, because their collateral is only 500k. 10:20.550 --> 10:23.910 So if you defaulted on that loan to Coinbase, Coinbase, will be 10:23.970 --> 10:26.610 out 500 grand, they will be a true lender that would have to 10:26.610 --> 10:30.630 deal with a lot of headaches, if the value of the collateral was 10:30.630 --> 10:33.060 way less than what they gave you. So they're protecting 10:33.060 --> 10:38.550 themselves from downside risk by by capping it at 40% of your own 10:38.580 --> 10:41.880 crypto portfolio, or I guess, Bitcoin portfolio. I don't know, 10:41.880 --> 10:44.100 I think it's something that people are going to take 10:44.100 --> 10:46.770 advantage of. It's something that I thought a lot about just 10:46.770 --> 10:49.470 in the last week. And I think it's something that everyone 10:49.470 --> 10:50.400 should keep their eye on. 10:50.700 --> 10:52.560 Johny Fernandez: So do you think that this is something that's, 10:52.980 --> 10:57.120 and I hate using the word revolutionize how cryptocurrency 10:57.870 --> 11:00.960 works essentially, like when it comes to cashing out? Or do you 11:00.960 --> 11:03.000 think it's something that everyone's gonna kind of see, 11:03.240 --> 11:06.540 observe? And then other companies are going to try to do 11:06.540 --> 11:09.210 something similar? What would be your thoughts? 11:11.340 --> 11:13.920 Sean Murray: You know, I don't know, I think it comes down to 11:14.520 --> 11:19.170 why people are borrowing the money. Is it because they want 11:19.170 --> 11:22.500 to invest in Bitcoin but don't want to lose access to the cash? 11:24.240 --> 11:27.240 Or are they doing it because they genuinely need the money? I 11:27.240 --> 11:30.660 think it I think it comes down to that I think part of it is 11:30.660 --> 11:34.860 driven by the bull run of crypto right now. Yeah. The idea that 11:34.860 --> 11:38.610 everyone wants to be in it. And so you can put as much in it as 11:38.610 --> 11:41.850 possible, but still have some access to your cash. Now, if the 11:41.850 --> 11:45.630 value of Bitcoin was more stabilized, and the, you know, 11:45.630 --> 11:49.770 the upside, was, you know, the potential upside was lower, 11:49.860 --> 11:52.650 let's say there wasn't really an expectation that it was going to 11:52.650 --> 11:57.480 go up, would you? Would you take a loan against your Bitcoin? If 11:57.480 --> 11:59.790 Bitcoin itself wasn't going to go up? How many people would be 11:59.790 --> 12:02.340 in Bitcoin? Yeah. If they didn't think it was gonna go up, I feel 12:02.340 --> 12:05.970 like a lot of people would not be in crypto, if they didn't 12:05.970 --> 12:08.430 think it was going to go up. So this is really taking advantage 12:08.430 --> 12:11.700 of the fact that I think the general public is in crypto 12:11.700 --> 12:15.210 because it thinks the value is going to go up. And I think that 12:15.210 --> 12:17.730 the growth of this type of lending is going to be limited 12:17.970 --> 12:19.830 by that type of perception. 12:19.980 --> 12:21.810 Johny Fernandez: So what's the worst thing that can happen in 12:22.020 --> 12:25.650 in a situation like this like that what's the worst thing that 12:25.650 --> 12:26.880 could happen for someone that's borrowing? 12:26.880 --> 12:33.080 Sean Murray: For someone that is borrowing, you know, the worst 12:33.080 --> 12:38.390 thing that could happen is that the value of Bitcoin, I guess, 12:38.420 --> 12:45.050 drops, let's say, let's say you borrow 100 grand, right? And the 12:45.050 --> 12:48.140 amount of bitcoin you have as collateral is at least two times 12:48.140 --> 12:56.420 that, but let's say the value of Bitcoin goes to zero. You could 12:56.420 --> 12:59.330 be in a situation, you have to read the fine print. But there 12:59.330 --> 13:03.860 could be a situation where you still owe the loan back. Okay. 13:03.950 --> 13:09.230 To coin base. And now the collateral is worth nothing. So 13:09.440 --> 13:12.860 you were in you were maybe doing this deal because you thought 13:12.860 --> 13:15.350 crypto was gonna go up, but now it went down, and now you're 13:15.350 --> 13:19.010 stuck in just an 8% loan. And you might not be as into it 13:19.040 --> 13:21.020 anymore. That's really the that's really the only downside 13:21.020 --> 13:24.920 is that you default on the loan crypto goes down. And you know, 13:24.920 --> 13:27.500 there really was nothing, no benefit to you in the end. 13:27.600 --> 13:30.090 Johny Fernandez: Yeah. All right. Well, thanks for sharing 13:30.090 --> 13:34.740 your insight. So he's valuable. Thank you. No problem. Alright, 13:34.740 --> 13:37.410 so for the last thing we're going to discuss today, we're 13:37.410 --> 13:41.010 going to have our one and only lightning round. Okay. All 13:41.010 --> 13:43.770 right. So, Sean, I'm going to ask you a couple of questions. 13:43.800 --> 13:47.520 And we'll kind of see what happens. These are basic things. 13:48.060 --> 13:52.650 Things that people have been asking us but specifically, for 13:52.650 --> 13:56.370 the lightning round, we're going to discuss crypto, it's gonna be 13:56.370 --> 13:58.950 a crypto lightning round. That's been kind of the pattern. Sure. 13:59.070 --> 14:02.730 So the first question is going to be what what's a crypto 14:02.730 --> 14:03.210 wallet? 14:04.560 --> 14:09.270 Sean Murray: A crypto wallet is just a a software program that 14:09.270 --> 14:13.710 allows you to hold crypto, very simple. 14:15.330 --> 14:18.240 Johny Fernandez: How do you how do you use a crypto wallet? 14:19.770 --> 14:23.850 Sean Murray: How do you use a crypto wallet? Okay. It depends 14:23.850 --> 14:27.960 on the wallet. So let's say you have something like MetaMask. 14:28.200 --> 14:29.130 Are you familiar with MetaMask? 14:29.130 --> 14:29.460 Johny Fernandez: I am. 14:29.840 --> 14:32.030 Sean Murray: So if you have MetaMask as your crypto wallet, 14:32.030 --> 14:34.370 I'm just choosing one of the ones that are out there. You can 14:34.370 --> 14:37.340 use it in two different ways. One is through the a Chrome 14:37.370 --> 14:40.310 browser extension. So it's literally an extension in your 14:40.340 --> 14:44.540 on your desktop browser. And you can send crypto, you can receive 14:44.540 --> 14:48.320 crypto, it'll tell you your public key. It'll tell you your 14:48.320 --> 14:50.600 private key which is only for you. You don't want to give that 14:50.600 --> 14:53.960 away. But your crypto wallet is really just for sending and 14:53.960 --> 14:57.170 receiving money. It's not it's not like a super fancy tool but 14:57.170 --> 15:00.590 you can you can use MetaMask to the Chrome extension or you can 15:00.590 --> 15:04.580 download the app and have it on your phone. And the difference 15:04.580 --> 15:07.400 between the phone version and the browser extension is that 15:07.550 --> 15:10.430 the phone version of Metamask is that you can do all the same 15:10.430 --> 15:14.840 stuff. But you can also view NFTs if you have them. Atleast 15:14.840 --> 15:16.130 that's been my experience. 15:16.280 --> 15:20.000 Johny Fernandez: Okay. How how do you set up a crypto wallet? 15:21.170 --> 15:23.840 Sean Murray: It's really very easy. If you want to just set up 15:23.840 --> 15:28.670 a MetaMask one, you can just go to MetaMask.IO, and you install 15:28.670 --> 15:33.950 the browser extension, it will ask you a few questions and it 15:33.950 --> 15:37.280 will give you something known as like a seated like a seated key. 15:37.310 --> 15:40.340 Basically, it's like a master password. So that if your 15:40.400 --> 15:44.120 computer gets deleted, and you lose everything, you're like, oh 15:44.120 --> 15:48.020 my goodness, I just lost all my crypto too this master password, 15:48.230 --> 15:50.660 which you should actually write down on paper and store 15:50.660 --> 15:53.720 somewhere very safe, will allow you to get back into your crypto 15:53.720 --> 15:56.570 wallet. So all you really need to do is go to Metamask.IO 15:56.810 --> 16:00.110 install, install the browser extension. Remember the private 16:00.140 --> 16:03.890 seeded key that you have, it'll also ask you for a regular 16:03.890 --> 16:07.100 password to0 that you can use to log in and then you're off to 16:07.100 --> 16:09.470 the races. That's it, it gives you a public and a private key. 16:09.800 --> 16:10.580 And that's it. 16:11.270 --> 16:12.890 Johny Fernandez: All right and the last question is going to be 16:12.890 --> 16:15.680 what is the difference between NFT's and Bitcoin? 16:16.770 --> 16:18.600 Sean Murray: What is the difference between NFT's and 16:18.600 --> 16:22.680 Bitcoin? All right, so let me give an example. if if I have 16:22.680 --> 16:27.090 Bitcoin, I have one Bitcoin and I give it to you. Right? 16:27.090 --> 16:28.050 Johny Fernandez: I have one bitcoin. 16:28.110 --> 16:29.700 Sean Murray: Yeah, but let's say you already had a Bitcoin. 16:29.700 --> 16:29.910 Johny Fernandez: Okay. 16:29.940 --> 16:30.270 Sean Murray: Right. 16:30.270 --> 16:31.140 Johny Fernandez: So I have two Bitcoins. 16:31.170 --> 16:32.940 Sean Murray: Yeah. But now you give me back not the Bitcoin I 16:32.940 --> 16:36.240 gave you, but you gave me back the other Bitcoin that you had. 16:36.300 --> 16:36.720 Johny Fernandez: Okay. 16:36.780 --> 16:38.280 Sean Murray: So now we each still have a Bitcoin. 16:38.340 --> 16:38.670 Johny Fernandez: Okay. 16:38.700 --> 16:40.830 Sean Murray: Nothing has really changed. Why not? 16:40.920 --> 16:42.240 Johny Fernandez: Because we each have a Bitcoin. 16:42.330 --> 16:43.650 Sean Murray: Yeah. Because bitcoin is all the same. 16:43.650 --> 16:46.030 Sean Murray: That means, it's fungible, it's interchangeable. 16:43.710 --> 16:46.060 Johny Fernandez: Yeah. 16:46.060 --> 16:50.560 It's all the same. An NFT is a non fungible token, I could have 16:50.590 --> 16:54.640 a token, you could have a token, I give you a token, you give me 16:54.640 --> 16:57.760 a token, a different one, right. We now we have different things. 16:57.760 --> 17:00.070 So let's do so you have a Fat Joe token. 17:00.100 --> 17:01.060 I have a Fat Joe token. 17:01.060 --> 17:02.320 Johny Fernandez: I have a Two Pack NFT. 17:02.350 --> 17:03.640 Sean Murray: You have a Two Pack NFT. 17:03.670 --> 17:05.380 Johny Fernandez: So I give you my Two Pack. Give me your Fat 17:05.380 --> 17:05.620 Joe. 17:05.650 --> 17:06.310 Sean Murray: Exactly. 17:06.460 --> 17:07.330 Johny Fernandez: And then what happens? 17:07.360 --> 17:09.490 Sean Murray: Well, we now both have different things. We don't 17:09.490 --> 17:11.920 have the same thing anymore. With Bitcoin we have the same 17:11.920 --> 17:15.160 thing. But now we have two different things. One represents 17:15.160 --> 17:19.480 Two Pack one represents Fat Joe. So each NFT is just a non 17:19.480 --> 17:22.900 fungible, it's a unique token that represents something very 17:22.900 --> 17:25.240 specific. That's not interchangeable with every 17:25.240 --> 17:27.850 single other thing. It's uniquely identifiable. That was 17:27.850 --> 17:31.450 a good example. Yeah. Fat Joe and a Two Pack token. That's a 17:31.450 --> 17:33.280 really good example of why they're different because we 17:33.280 --> 17:35.770 didn't exchange of tokens, but each token was something 17:35.770 --> 17:36.160 different. 17:36.510 --> 17:39.390 Johny Fernandez: Okay, so this was not in the plan questions, 17:39.390 --> 17:42.540 but I'm curious to know this, you've been in this space for 17:42.540 --> 17:44.520 like, more than a decade, you've seen. 17:44.520 --> 17:45.420 Sean Murray: In the crypto in crypto? 17:45.420 --> 17:47.280 Johny Fernandez: No, no, no, in alternative finance. 17:47.310 --> 17:47.730 Sean Murray: Okay. 17:48.140 --> 17:50.930 Johny Fernandez: So hearing crypto, hearing NFTs, hearing 17:50.930 --> 17:54.770 Bitcoin, what are your thoughts? You know, this is a form of 17:54.770 --> 17:58.100 alternative finance. When you see how popular this has become 17:58.100 --> 18:01.820 what what's your thought process on this? Because did you ever 18:01.820 --> 18:06.230 think this would it would get to this, like a random you know, 18:06.260 --> 18:11.240 currency that would did not exist 10 years ago, and now it's 18:11.540 --> 18:12.500 part of the world? 18:12.660 --> 18:15.120 Sean Murray: Yeah. You know, I don't know that I anticipated it 18:15.120 --> 18:17.400 got to the level that it's gotten. I didn't anticipate we 18:17.400 --> 18:20.550 have all these alternative crypto coins. Yeah. In my mind, 18:20.550 --> 18:25.170 it was it was Bitcoin. It was ethereum And when that came out 18:25.620 --> 18:29.970 Litecoin was was simply just a, a mirror image of Bitcoin 18:29.970 --> 18:33.150 slightly different, but basically the same thing. And in 18:33.150 --> 18:35.760 my mind, I'm like, that was going to be the revolution. I 18:35.760 --> 18:39.390 didn't anticipate all these other coins. I did think about 18:39.540 --> 18:42.090 NFT's when we think NFT's too often we're thinking about 18:42.090 --> 18:44.070 pictures and all that stuff. Yeah. But in terms of non 18:44.070 --> 18:48.000 fungible tokens, I did realize the value of non fungible tokens 18:48.060 --> 18:52.410 at least back as far as 2017. There were conversations I had 18:52.410 --> 18:54.990 back then about how they could be used in things like video 18:54.990 --> 18:58.350 games, because if you play like a, like a video game, like World 18:58.350 --> 19:00.240 of Warcraft or something, I don't know what the hot games 19:00.240 --> 19:00.930 are now. Yeah. 19:00.960 --> 19:02.340 Johny Fernandez: Tony Hawk, I don't know. 19:02.400 --> 19:03.090 Sean Murray: Is that a game? 19:03.450 --> 19:04.170 Johny Fernandez: It was a game. 19:04.200 --> 19:05.100 Sean Murray: It was a game, but. 19:05.100 --> 19:05.700 Johny Fernandez: Grand Theft Auto. 19:06.080 --> 19:08.180 Sean Murray: Okay, well, let's say let's say you get like money 19:08.180 --> 19:11.270 in that game, right? And the money only exists in that game 19:11.450 --> 19:14.600 only exist in that console, or however you're playing it. But 19:14.600 --> 19:17.240 imagine that money existed on the blockchain, and you could 19:17.240 --> 19:20.300 give the money that you earned in that game to somebody else, 19:20.360 --> 19:23.090 or you got items in that game. And you could trade those trade 19:23.090 --> 19:25.760 those items to somebody else, or you leveled up or you got like 19:25.760 --> 19:28.370 a, you know, get a police car got you got a tank and someone 19:28.370 --> 19:31.940 else can use the same or, you know, you could essentially all 19:31.940 --> 19:35.060 the assets of the game become assets of the blockchain. So for 19:35.060 --> 19:38.720 me, I saw the value of that four years ago, not that I did 19:38.720 --> 19:40.970 anything with it, you know, I didn't I didn't go and develop 19:40.970 --> 19:45.110 anything, but I did see the use case for it. I think what's 19:45.110 --> 19:47.660 interesting is that we're all caught up in pictures now as 19:47.660 --> 19:52.220 being kind of the face of NFTs. But I think we will, we will see 19:52.220 --> 19:57.770 things like digital assets in video games are so naturally 19:57.770 --> 20:01.550 fitted to what the blockchain can do, the fact that you could 20:01.550 --> 20:05.480 cross over items between games, and that the items exist outside 20:05.480 --> 20:08.840 of the game, because I think for some people who are gamers, the 20:08.840 --> 20:11.480 game is as much as real life, you know, the game world is much 20:11.480 --> 20:14.900 as real life, as it is the real world is to anybody else, right? 20:15.410 --> 20:18.170 They probably play it all the time. Yeah. So for it to be 20:18.170 --> 20:20.150 locked in the game, is a hard pill for a lot of people to 20:20.150 --> 20:23.210 swallow. And for it to be centralized by the game makers, 20:23.210 --> 20:25.280 it's hard for people to swallow. Like, if you earn a lot of money 20:25.280 --> 20:28.580 in the game, you potentially have spent hours and hours and 20:28.580 --> 20:31.010 hours and hours playing it. Now let's say the game makers just 20:31.010 --> 20:34.880 decide to delete your account. Right? They're like you kind of 20:34.910 --> 20:36.320 you know, you did something in the game you weren't supposed to 20:36.320 --> 20:38.810 they they take all your money, they delete your account, like 20:38.810 --> 20:42.860 no, I spent actual time getting these items or getting this gold 20:42.860 --> 20:46.220 in the game. It should it should be a real asset that I earned, 20:46.490 --> 20:49.280 that I can give someone else it it should be on the blockchain. 20:50.150 --> 20:52.430 So I think we're really only in the early stages of what's going 20:52.430 --> 20:56.600 to happen as far as you know, NFT's go. And I think that's one 20:56.600 --> 20:59.720 of the natural use cases we see. As for Bitcoin, I've never been 20:59.720 --> 21:02.270 one about speculating on the price going up. You know, I 21:02.270 --> 21:06.140 don't care about that. Yeah. But I do think that it's valuable as 21:06.140 --> 21:10.160 a payment mechanism outside of banking. Just as an example. 21:10.190 --> 21:13.610 Last week, we tried to send some money out, and I guess it was 21:13.610 --> 21:17.900 larger than normal. And the our bank flagged the transaction and 21:17.900 --> 21:21.710 prevented it from going out. They gave me a call. They asked 21:21.710 --> 21:26.180 me what it was for. I'm like I told them, I'm like, It's okay, 21:26.210 --> 21:28.400 you know, this is a normal transaction, we do at least, you 21:28.400 --> 21:31.520 know, few times a year. And they said, okay, no problem, and then 21:31.520 --> 21:34.550 they blocked it anyway. And then the next day, I had to scramble 21:34.550 --> 21:36.950 because I was supposed to make the payment the day before. 21:36.980 --> 21:39.260 Yeah. And they're like, oh, sorry, we're going to talk to 21:39.260 --> 21:41.000 our department and this department's got to talk to that 21:41.000 --> 21:44.570 department. I'm like, This is exactly why Bitcoin exists. Why 21:44.570 --> 21:47.570 are you part of my transaction? Yeah. This is my money who are 21:47.570 --> 21:50.210 you to be all up in this, right? You know, I don't even care if 21:50.210 --> 21:53.510 it costs more. I don't want to deal with any of this. Yeah. I 21:53.510 --> 21:57.410 felt like they were suddenly in control of my finances. And of 21:57.410 --> 22:00.560 course, you know, they're a big bank. So it was it was kind of a 22:00.560 --> 22:05.090 perfect representation of why the Bitcoin Economy exists, and 22:05.090 --> 22:08.840 why it will always be around. So I think we'll continue to see 22:09.050 --> 22:12.590 the use of Bitcoin grow, but as to what the value will do up or 22:12.590 --> 22:14.330 down you know, I have no idea and I don't care. 22:14.390 --> 22:17.000 Johny Fernandez: Yeah. That's great insight. 22:17.840 --> 22:19.940 Sean Murray: You know, we're also supposed to do a special 22:19.940 --> 22:20.450 raffle. 22:20.480 --> 22:23.900 Johny Fernandez: We are. All right, so we have another raffle 22:24.770 --> 22:28.610 the size into NFT's. So we have we're gonna give away one NFT. 22:29.180 --> 22:30.050 To a new person. 22:30.080 --> 22:32.450 Sean Murray: Yeah. And there's a reason we're doing this. It's 22:32.450 --> 22:34.550 because we were going to give away well, at first, we we're 22:34.550 --> 22:38.090 going to give away one NFT. And we surprised everyone by giving 22:38.270 --> 22:42.470 away two. But one of the winners chose an NFT that wasn't part of 22:42.470 --> 22:43.700 the 10 piece collection. 22:43.760 --> 22:44.840 Johny Fernandez: What was what was it? 22:45.200 --> 22:47.120 Sean Murray: It was an autographed picture of myself. 22:48.290 --> 22:51.230 This was not planned. I had no say in it. At first I thought 22:51.230 --> 22:54.440 they were joking. And I said no, no, no, I you know, that's very 22:54.440 --> 22:56.750 flattering. But you got to choose from one of the 10 broker 22:56.750 --> 22:59.180 entities that we created. They're like we really want we 22:59.180 --> 23:03.710 really want the Sean Murray NFT. So I I complied I said, okay, 23:03.710 --> 23:06.350 what's fair is fair, you guys, were the winners of the raffle. 23:06.500 --> 23:09.800 We gave out the Sean Murray NFT. And then we gave out one of the 23:09.800 --> 23:14.030 broker NFTs. It was number nine. Which was the sales the sales, 23:14.210 --> 23:18.200 the sales. Okay. Guy, and or the sales manager ,number nine was 23:18.200 --> 23:22.100 the sales manager. Okay. But that means that we're still 23:22.100 --> 23:25.100 supposed to give away another one. Okay. So we had it. We had 23:25.100 --> 23:28.760 a chat Friday at the end of the day, about what do we do? And we 23:28.760 --> 23:32.000 decided to take the remaining entrance from the raffle. Okay. 23:32.030 --> 23:34.400 There weren't that many more. Okay. There's like a little very 23:34.430 --> 23:37.970 literally a small handful left. And we're going to pick one from 23:38.210 --> 23:42.080 the famous cup. Yeah. And announce another winner. 23:42.440 --> 23:42.890 Johny Fernandez: All right. 23:42.950 --> 23:43.670 Sean Murray: Are you excited? 23:43.700 --> 23:44.210 Johny Fernandez: I am. 23:44.300 --> 23:44.690 Sean Murray: Okay. 23:45.020 --> 23:46.340 Johny Fernandez: Freddy Krueger's excited. 23:46.850 --> 23:48.080 Sean Murray: Freddy Krueger? Oh, yeah. 23:48.080 --> 23:48.650 Johny Fernandez: My shirt. 23:50.070 --> 23:52.020 Sean Murray: Yeah, it has been a full month I guess it's time for 23:52.020 --> 23:54.840 you to be Freddy Krueger again. Do you want to draw the winner? 23:54.870 --> 23:56.940 You draw the winner, I'll shake the cup. 23:57.000 --> 23:58.830 You shake the cup, Johny Fernandez is going to shake the 23:58.830 --> 24:01.830 cup. We're going to announce another NFT winner it's gonna be 24:01.830 --> 24:04.830 one of the 10 broker NFTs or at this point one of the nine 24:04.830 --> 24:08.280 remaining broker NFTs. The winner will need to have an 24:08.280 --> 24:12.000 Ethereum address that we can send the NFT to so when we 24:12.000 --> 24:15.420 contact you after contact you after the show. You'll need an 24:15.420 --> 24:18.030 Ethereum address in order for you to set, order for us to send 24:18.030 --> 24:21.390 you the NFT that's the only rule. That's it. So let's 24:21.390 --> 24:22.350 announce the winner Johny 24:22.380 --> 24:23.280 Johny Fernandez: Alright, go ahead. 24:25.980 --> 24:29.910 Sean Murray: Why why they're all stuck. This cup is too small. 24:32.850 --> 24:36.060 All right, what do we have here? I almost can't even read this. 24:37.140 --> 24:42.990 Oh, that's an at sign. Okay, it looks like @Ivanmall24 24:43.410 --> 24:50.550 @Ivanmall24. I think that is an Instagram address @IvanMall24. 24:50.610 --> 24:53.130 Great news. You have just won a broker NFT. 24:53.280 --> 24:55.230 Johny Fernandez: Well congratulations. And obviously 24:55.920 --> 24:58.050 we'll get in contact with you. We'll send you all the 24:58.050 --> 25:02.130 information and you do have to have a crypto wallet in order 25:02.130 --> 25:05.400 for us to send you that. So please get that ready. If you 25:05.400 --> 25:08.370 already have it, don't worry about it. But you know what's 25:08.370 --> 25:14.370 also exciting, he's gonna get this NFT. But the other exciting 25:14.370 --> 25:18.480 news is that Broker Fair is less than a month away. 25:18.540 --> 25:21.060 Sean Murray: That's true. Like 28 days. 25:21.060 --> 25:24.270 Johny Fernandez: I know it's crazy. So for Broker Fair, we do 25:24.270 --> 25:28.770 know that sponsorships are sold out. But we also know that there 25:28.770 --> 25:33.990 is space for people to buy their tickets, and come join us, you 25:33.990 --> 25:37.650 have the pre event. And then we have the actual event going on, 25:38.010 --> 25:41.220 two different tickets. So if you want information on that, you 25:41.220 --> 25:46.770 can find it on Broker Fair, you can find it on deBanked.com. And 25:46.770 --> 25:50.190 also, we have our social media platforms where we post any 25:50.190 --> 25:52.470 updates regarding that information that's on LinkedIn, 25:52.470 --> 25:58.260 Twitter, Facebook, but also deBanked.com and brokerfair.org, 25:59.400 --> 26:05.970 not com org. So brokerfair.org O R G. So for any details 26:05.970 --> 26:08.850 regarding that that's going to be there we do, we are letting 26:08.850 --> 26:11.310 people know that you do have to be vaccinated, that is not 26:11.400 --> 26:15.300 something that we are putting into place. That's just a rule 26:15.300 --> 26:19.200 here in New York City. And the venue will be checking. So 26:19.230 --> 26:22.890 again, I went to an event they check the venue checked. It 26:22.890 --> 26:26.970 wasn't even the people that are putting it on. So it's a. 26:27.000 --> 26:27.840 Sean Murray: It's being enforced. 26:28.140 --> 26:30.930 Johny Fernandez: Yeah, it is very much being enforced. So the 26:30.930 --> 26:33.210 other thing I was gonna say is that if you are going to come, 26:34.140 --> 26:36.330 it's going to be good time, it's going to be you know, the first 26:36.330 --> 26:40.770 time we're all meeting after 2019. So definitely, you don't 26:40.770 --> 26:43.590 want to miss out, especially if you are new to the industry, 26:44.130 --> 26:47.910 Sean, I guess what's going to be what's your, what are you 26:47.910 --> 26:48.990 looking forward to the most? 26:50.040 --> 26:51.990 Sean Murray: It's going to be the networking. I haven't seen a 26:51.990 --> 26:56.070 lot of these people in about two years. So for me personally, I 26:56.070 --> 26:58.080 used to go to we used to do four events per year. So I used to 26:58.080 --> 27:00.840 see everybody all the time at those events, plus, you know, 27:00.840 --> 27:03.840 just have regular hangouts and haunts around the city and in 27:03.840 --> 27:06.780 Miami, and so forth. And it's been a long time since I got 27:06.780 --> 27:09.180 together with everybody really, really, really looking forward 27:09.180 --> 27:11.610 to it. Yeah. And you know, what I should mention that you 27:11.610 --> 27:15.660 mentioned the vaccination thing is that if you had a ticket to 27:15.660 --> 27:19.770 Broker Fair 2020, you will already register for Broker Fair 27:19.800 --> 27:25.740 2021. This is the same conference Broker Fair 2020 was 27:25.740 --> 27:31.770 simply postponed to to December 6 2021. So Broker Fair 2021 Is 27:32.160 --> 27:35.640 the in person version of Broker Fair 2020. So we've had some 27:35.640 --> 27:39.420 people are registered for this conference, not knowing that 27:39.420 --> 27:42.600 they already had a ticket, and we had to go back and either do 27:42.600 --> 27:45.810 a refund or whatever it is that they wanted to do. Or some 27:45.810 --> 27:48.900 people ask about tickets, not knowing that they already had a 27:48.900 --> 27:52.500 ticket. Yeah. So if you had a ticket to Broker Fair 2020 I 27:52.500 --> 27:55.230 know that was a long time ago, especially since we started 27:55.230 --> 27:59.940 selling these tickets in 2019. You already have a ticket to 27:59.940 --> 28:04.290 Broker Fair 2021. So check your old email. See if you had a 28:04.290 --> 28:07.350 registration to Broker Fair 2020. You might have bought it 28:07.350 --> 28:11.280 as long ago as 2019 at that we ran an insane discount. I think 28:11.280 --> 28:15.180 it was like Black Friday, in 2019, where we sold Broker Fair 28:15.180 --> 28:21.240 tickets for like, $159. Wow. A funder ticket right now is 1400. 28:21.990 --> 28:25.680 So there, there are those who who got tickets for super cheap 28:25.800 --> 28:29.640 two years ago, who may not even remember, that this is the event 28:29.640 --> 28:31.860 they bought it for it. So check your old emails to see if you 28:31.860 --> 28:35.250 have a Broker Fair 20 2020 ticket, because this is Broker 28:35.250 --> 28:36.900 Fair. 2020 Yes. And 2021. 28:36.930 --> 28:38.940 Johny Fernandez: That's it. And you get to hang out with us. 28:38.940 --> 28:43.950 Yeah. What more excited. That's gonna be great. So again, please 28:43.950 --> 28:47.190 join us. We'd love to see you guys there. And also the pre 28:47.190 --> 28:49.590 show event. That's going to be awesome. It's a little bit more 28:49.590 --> 28:53.190 intimate. We're going to do it in lower Manhattan. So it's just 28:53.190 --> 28:56.730 going to be great. So that's all that's all. That's all for 28:56.730 --> 28:59.160 today. Anything else you want to say? 28:59.190 --> 28:59.880 Sean Murray: No, that's it. 28:59.910 --> 29:01.230 Johny Fernandez: All right. I love the stash. 29:01.230 --> 29:01.620 Sean Murray: Thanks. 29:01.650 --> 29:04.410 Johny Fernandez: No problem. All right. So from all of us here at 29:04.500 --> 29:05.820 deBanked. I'm Johny Fernandez. 29:05.820 --> 29:06.660 Sean Murray: And I'm Sean Murray. 29:06.660 --> 29:08.010 Johny Fernandez: And we'll see you guys next time.