Transcript
Speaker: Hello everyone and welcome to the Polymath Experience, the experience Polymath.
Speaker: I am Polymath, your host and today I receive someone who is one of the content creators of our sector that we can't love.
Speaker: He could have created himself with the content that he created, probably a complete university on the Web3.
Speaker: He has accumulated a huge amount of knowledge.
Speaker: by his years of research and around the content he created.
Speaker: And the following, it's exposed to new opportunities and also with the good practices, the good practices that he goes with.
Speaker: And he has a positive energy, contagious, and after all, it's a real pleasure to receive him today.
Speaker: I call him Mr. TK.
Speaker: Welcome.
Speaker: Hello and thank you for the invitation.
Speaker: With great pleasure.
Speaker: You told me the first time you had a scientific background, you were going through chemistry studies, and could you relate a little bit the choices and the experiences that followed
Speaker: who made you go there and brought you to here?
Speaker: And how did it happen?
Speaker: It's true that I'm not going to do commercial studies or other studies.
Speaker: I'm from the scientific sector, with the chemistry, I'm a diplomat, I'm a chemist of training.
Speaker: I worked for 10 years in a company, in a research department, in the chemistry.
Speaker: And in fact, if you want, I'm not necessarily...
Speaker: of the way to facilitate the world of blockchain, cryptocurrencies, etc.
Speaker: Because I'm not a developer, I'm not a code, but I think that the fact of having this scientific reflection that englobe cryptocurrencies, I will say, it probably helped me to get into the water.
Speaker: I have also the habit of using the math in general.
Speaker: So it's also true that I'm not too lost when you start calculating the rendements, the percentage of gains, the percentage of pertes, etc.
Speaker: So I'm rather a little bit with that.
Speaker: And you have also highlighted a point important.
Speaker: I'm also a little bit at least with the English, which, it's a good point in the crypto money, is part of the main point, if it's not the main point.
Speaker: And now, there are
Speaker: more and more content in French.
Speaker: So it's true that it becomes more accessible for the French community.
Speaker: But when I started at the time in 2016, there was no content in French.
Speaker: It was only English, English English technique, and so it's true that it was a part of the work that I accomplished that was to transpose all this knowledge that came from English to French, to touch the French public.
Speaker: This work was super important.
Speaker: You know, here I recorded with Cryptomath.
Speaker: So Cryptomath, you are a little, I'll say, I don't know, I have done this work, which was super important.
Speaker: Because, effectivement, I had four years before I realized that there was a CTFR.
Speaker: I didn't have noticed because before it was only the Coby and all these people.
Speaker: And you have done a great job for onboarding.
Speaker: And you have done a good job because now, in these two years, it is still been released several times.
Speaker: There is a very beautiful community francophone.
Speaker: So, bravo to you.
Speaker: And just to the scientific side, to the math, you think that it gives you benefits?
Speaker: How do you help you to keep a
Speaker: a little bit of objectivity in how you navigate this ecosystem?
Speaker: I think, in all of a sudden I can't judge it 100% because we are never certain of that, but I think in all of a sudden that was useful, especially for understanding how things work on the level of blockchain and others.
Speaker: I think that it's an advantage, like someone, for example, who would be at a good time with the code, for example, a developer, a person who works in development or
Speaker: dans les réseaux, il sera quand même beaucoup plus à même de pouvoir suivre des informations, comprendre ce qu'il fait aussi, parce que bon, faire des choses, c'est quelque chose, mais comprendre ce que l'on fait, c'en est une autre.
Speaker: Donc, je pense qu'il y a effectivement certains...
Speaker: I can't say domain, but we can have some small advantages.
Speaker: I don't know many people who have launched the world of blockchain, of cryptomoney, who have no money scientific, informatics, developers, all that you want.
Speaker: People who are just issues of jobs, for example, I met a gardener, a maçon, so really people from all horizons.
Speaker: and who have taken pleasure to discover this ecosystem, to learn more about this subject, and who have really put their hands in the cambouis for going further.
Speaker: Just the stage, I understand vaguely what's happening, but really, I think it's a advantage, but it's clearly not closed.
Speaker: Really, nobody can go to this ecosystem.
Speaker: It's true, nobody can go to this ecosystem.
Speaker: I think it's interesting to learn from
Speaker: of each person and the baggage they have and this scientific scientific math and factual is important because it is still a sector even immature and which is very driven by emotional emotional marketing is super important all the projects that we cross are looking for you to buy and there are some who are very good in marketing but who are poor and there are some who are poor but who are very good projects and who are bad in marketing and
Speaker: And so, to bring a little bit of science and to put in place some methods for your own development in the ecosystem, I think it's important.
Speaker: And I'm talking to myself in saying that.
Speaker: There's something that I found super impressive in me looking at a little bit on your réseau, it's this...
Speaker: You keep the height and light even when you're facing your daily life, which is toxic, which is the message of people who attack you.
Speaker: Where do you become it?
Speaker: Is it something you've learned from the top?
Speaker: Is it something you've learned from before and brought you here?
Speaker: A little bit.
Speaker: I think it's an accent, but I'm from Belgium.
Speaker: I think that in Belgium, we have the habit of an auto-durison very high.
Speaker: So I think it's a good thing.
Speaker: And then, yes, when someone is toxic or negative in you,
Speaker: and who attack you without reason.
Speaker: Because as I say always, when there is a critique constructive, it's not a problem.
Speaker: The goal is to improve and to learn.
Speaker: But the critique which is non constructive, where the guy, the person is just there to demolish because he's in his corner and he says, I'm going to cast his feet to someone.
Speaker: You have two choices.
Speaker: So you ignore it, it's actually a very good way to do it.
Speaker: Because if you respond, no matter how you respond, you will bring water to his own and he will continue to take care of it.
Speaker: So I have to say, in a general, haters are gonna hate.
Speaker: So you can't beat a haters because it's his only reason to be.
Speaker: Or you can't answer it, but then you can't answer things with a humorous thing.
Speaker: It's true that I'm part of this idea with the second degree, the gross auto-dérision.
Speaker: And there are often people who tell me, like you said, I don't think you continue to respond to them, while they're just there to bash them.
Speaker: For example, on Twitter, like everywhere, like on all the channels, there are people who are very good with whom you spend an excellent time, you learn something.
Speaker: There are people who are a little less good, it's logical, it represents the world.
Speaker: But I don't block people, I don't block people because you could block people and it's done, it's done, it's done.
Speaker: I prefer to respond to a good way and I think that's always a funny image and it's a funny thing that I'm in reality.
Speaker: I'm like that in the day of the life.
Speaker: I don't create a character for the networks.
Speaker: It's so cool, it's a pleasure to see.
Speaker: There's never a moment where it makes you react and you want to let them go?
Speaker: At first, yes.
Speaker: At first, when you're not used to have enough interest in your own, because, again, when I was launched on the réseau, I didn't say I was going to create a YouTube channel, a Twitter account, which is where the goal is to reunite hundreds of thousands of people.
Speaker: For me, the goal was just to share my experience, my knowledge.
Speaker: So it was that.
Speaker: There are people who are on the réseau with
Speaker: to have a big community.
Speaker: At first, it was not at all.
Speaker: It was very organic because it was done in a progressive way.
Speaker: It was true that at the beginning, when you're not used to it, when you have 20 people who follow you and the 21st person comes completely bash, even before, without critique constructive, just for the pleasure of being frustrated and wanting to discharge someone's hand on someone,
Speaker: At first it's true that you're asking because you're asking yourself to really make something bad or you're making a mess.
Speaker: And then after, as I said, haters are going to hate, there are people who are there only to bash the work of others.
Speaker: And if you follow these accounts, you see that they're not going to criticize not one person in particular, but really all the ecosystem.
Speaker: Just because they don't know what they have, they're ennuyant, they have to do something to kill or something.
Speaker: So I always say, if I was a haters, if I was not at all with a person, rather than losing my time to insult or demolish the person on the show, I always say, build something.
Speaker: If you're not at all with what I say, which is totally logical, there's no problem, we have the right to not be at all.
Speaker: I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know, I don't know
Speaker: But I'm asking the question, sometimes I'm not even sure, and it's very good like that, but I'm asking the question of how I would react.
Speaker: I would like to invite them and ask them, okay, you want to talk?
Speaker: Come on my live Twitch.
Speaker: And we'll talk about all this and see what the foundation is there.
Speaker: That's a very good idea.
Speaker: I'd be curious to see, on 100 haters, how many people would agree to go into a live or something to discuss.
Speaker: Again, the goal is to have an exchange.
Speaker: In any case, I'd be curious to see how many people you can have.
Speaker: Vas-y, teste.
Speaker: Teste-le et tu me diras, quand tu as quelqu'un qui accepte, tu me dis et je viendrai.
Speaker: Je serais trop, je serais très curieux de voir ça.
Speaker: Mais ça ferait des belles conversations, ça ferait du beau, ça ferait du bon contenu et ouais, je serais très friand.
Speaker: Tu te souviens de tes premiers mois, de tes deux premières années dans le Web3?
Speaker: Tu as dit que tu étais arrivé en 2016.
Speaker: C'était quoi tes premiers moves?
Speaker: C'était quoi tes premières décisions?
Speaker: Tes premiers investissements?
Speaker: Est-ce que tu as été, comme moi, complètement happé par la folie des ICO?
Speaker: Ou est-ce que tu as su garder ton sang-froid?
Speaker: like we said, it goes to 2016.
Speaker: It's a long time and not so long that it was.
Speaker: The guys who started in 2013, they would say that 2016 is recent, but currently we are almost in 2024, so it's true that the time is going.
Speaker: I started a little differently from many people, it's to say that many people
Speaker: who are interested in crypto money and who are interested in investing in their first Bitcoin, their first Ethereum, etc.
Speaker: In all of a sudden, when I started to be interested in crypto money, I explained it to myself.
Speaker: In general, if you want to, I wanted to get a little bit of money on the side.
Speaker: So there was no dream of becoming millionaire, I'm going to win a lot of money.
Speaker: My goal was to gain a little bit of money, a little bit of money, to pay my own little things.
Speaker: A little cinema, video, what you know.
Speaker: At the time, I had 50€ on the month and I was super happy.
Speaker: There was no dream of rich, of folies.
Speaker: And so I realized that at this point, I discovered the crypto money.
Speaker: And at the time, when I started, I realized that
Speaker: It looked a little too much for real.
Speaker: You buy virtual, it can take value, etc.
Speaker: So I was so low to the idea of getting on a site internet.
Speaker: At the time, in 2016, we didn't have exchanges like now.
Speaker: I mean, you have a good Binance, everything is done, you put your little blue card.
Speaker: At the time, it was very mocious.
Speaker: It was really very mocious.
Speaker: I was thinking that I didn't want to put money on a bit obscure platform that I don't know.
Speaker: And I was thinking, is there not a way to do it to get other money to get crypto money?
Speaker: And that's where I discovered the mining of crypto money.
Speaker: That's how I really arrived in crypto.
Speaker: So I was thinking, rather than spending money for buying my first crypto money,
Speaker: I realized that we could turn a computer at home and that in letting this computer turn all the day, there was a possibility of generating a little bit of crypto money.
Speaker: Again, the goal was not to imagine that I was going to do a fair or a fair, it was just that I was going to turn the PC while I didn't use it, because as I said,
Speaker: I'm a fan of video games, I'm a player on PC, so I had a big PC for the game, and I thought I'd be able to turn it on the time I don't use it, the time I'm working, the time I'm working, the time I'm working, the time I'm working,
Speaker: And that's how I got my first Ethereum, because at the time, we could have been mining of Ether.
Speaker: So I got mining of Ether at the beginning, without too much thinking about it.
Speaker: Because you say you want to get virtual, but there's not even more euros, you don't have even more euros in the pocket.
Speaker: And then I got a little bit of mining, I tried to revend and I saw that there was a possibility of getting this money on your bank account.
Speaker: And I thought, okay, I had removed this aspect of the scam and I was left in this great adventure which is the crypto money.
Speaker: That's how I made my first steps in the ecosystem.
Speaker: That's great.
Speaker: I love you.
Speaker: the simplicity with which you have to deal with things and the way so organic and natural I'm going to test it, I'm going to see what it does and it works well.
Speaker: We have really this thing of hyper-crowing in our society in general but in the ecosystem also.
Speaker: In fact, you see that in the end, you have to do things well with repetition and in the end it works and it has a look to have worked well for you.
Speaker: Sur the way creation of content,
Speaker: Because there are many people who want to do what you do today.
Speaker: There are niches that will continue to create and you are very generalist.
Speaker: But there is always this need of good content creators.
Speaker: You who know a certain success over a certain time, what do you think, what are the best lessons you've learned these years that have made you someone
Speaker: de bon et d'efficace dans ton activité?
Speaker: Je pense que la première chose, la plus importante, c'est de faire des choses qui nous plaisent.
Speaker: Donc, si tu as envie de devenir un créateur de contenu dans un domaine
Speaker: We're going to talk about crypto-monnaies, but I think it's really applied to any type of content.
Speaker: It's important to create content in a domain that you love and that you want to talk about.
Speaker: Because I think if you want to tell you, at the moment, what I'm talking about is the most trading.
Speaker: But if you're not at all at all that, that doesn't interest you much more than that, if you start creating content on the trading and you force a little bit to do it, even if it's maybe the domain that now for the moment people search for the most, it's not there that you'll be the most at all.
Speaker: I think that when you create content, it's a bit to say, but it's a bit to say, it's a bit to say, but it's a bit to say for you.
Speaker: that it makes you feel pleasure and I think that when you distribute this content to people and that people just see that you take pleasure, that it's fun to share what you've learned, what you've learned with the community, I think that it's much more fun even for the person who watches rather than seeing someone who's forced to explain something they don't know well, they don't care about it and I think that it feels really at the level of the viewer, the person who watches.
Speaker: It's so true.
Speaker: It's so true.
Speaker: And 90% of people who create content should be in the way of thinking.
Speaker: Because the markets will continue to change.
Speaker: And if you try to follow the market, that's not the importance of the niche.
Speaker: What's the difference do you see the content creators today make for you?
Speaker: They put the buttons in the roof.
Speaker: Good question.
Speaker: I think it depends on the content creator.
Speaker: If you try constantly following the trend, the trend of what people want to watch,
Speaker: I think we can very quickly, as a creator, we can very quickly lose our content creation and probably go into, I will not say, areas that we don't have a problem, but rather in domains where we are less at a time.
Speaker: And that's been seen, especially with the bear market, because for the moment, the crypto money is not really at the end, which is a bit logical.
Speaker: It's a bit of a new year.
Speaker: You see, I'm saying, I'm saying,
Speaker: And I think it's really... I mean, imagine that it's been years ago that you create content, for example, on the crypto-money, and you're in the day or the day, I'm inventing, you create content, for example, on the cars, or on the jeux video, or something else, in saying, well, listen, the crypto-money, for the moment, it's not working, I'll pass to other things.
Speaker: I think it's possible to make the transition
Speaker: But I think it's very risky and there's maybe one who will succeed in the transition of passing from one subject to another, but there are eight or nine who will be breaking the figure because it's really a different domain, a different system.
Speaker: And I think that when you've learned over years the code of the system, it's relatively complex to pass to another.
Speaker: And that's what's also in bear market because when you're in a bull and all réuss, you focus on the crypto money because it's what they want.
Speaker: It's what I search for people.
Speaker: There are sponsors at all, so you can pay.
Speaker: Do you think that one day you will create content?
Speaker: Because your content has been enlarged over the years, because there are more and more things that happen.
Speaker: Do you think that one day you will create content on other topics?
Speaker: Well, as you said, my content, if you take my first video, it was really axed on the mining, because it was really the domain that I liked.
Speaker: One year or two later, there was a lot of vague, all the nodes, the masternodes, the staking, which indirectly... Well, it doesn't work like the mining, but the objective is the same, so it's secure a network, to be remunerable for that.
Speaker: So, for me, it was very much interested in the mining, even if it doesn't work like the same way.
Speaker: And it's true that I have a monosujet, if I can say, I'm going to say several subjects, but they are always in line, of course, with the blockchain.
Speaker: As I said, for example, I'm very bad in trading.
Speaker: It's true that it's not too much to me to give a course to people trading, because, well, if they want to lose money, it's possible.
Speaker: But it's true that I've already had the desire
Speaker: of creating content, but in a different field.
Speaker: I didn't have to go on the other side because I was afraid of going on something else.
Speaker: As I said, I'm a gamer gamer.
Speaker: And then you say, I'll try to do a certain field of gaming content.
Speaker: Because it's a subject and a domain that I'm interested in.
Speaker: But I think if I could do that, I wouldn't do it with my current channel because,
Speaker: you make a big deal of the world of finance.
Speaker: I think that if I could do that, I would create a channel explaining that I have another domain.
Speaker: But at the time of the time that I take the channel, I don't see how... The little time I have left, I just pass it to play.
Speaker: So if it's for no longer playing and to make a video, at a moment, it's also worth taking care of the life.
Speaker: At the time, at the time, it's not planned.
Speaker: It's not planned.
Speaker: But in any case, we know where it is.
Speaker: And I'm going to finish on the content creator.
Speaker: But what is your line of driving on not to present?
Speaker: What is your process of due diligence?
Speaker: How do you deal with this subject to live, to live, to live and to preserve your community and to preserve the people who trust you?
Speaker: Yes, it's a very good question.
Speaker: Before all, it's really important for the coup that the project interests.
Speaker: It's to say that, honestly, every day I receive, not to say tons, but every day I receive proposals of creation of content sponsored.
Speaker: And at the end, I accept very very few because it's a subject that I don't concern or that I don't touch.
Speaker: Because there are plenty of times where I say, well, I'm going to say, in fact, we would be both a two-perdant.
Speaker: Because I, one part, I'm going to do a video on a subject that I don't care about,
Speaker: So it will be a feeling.
Speaker: Second, my community, she follows me for some very precise subjects.
Speaker: Like I said, I don't do trading, but the people don't come to me for trading.
Speaker: It's true that if tomorrow I start doing a few videos, the people would be a bit lost.
Speaker: Because again, it doesn't matter what I do.
Speaker: So there are a lot of content that I refuse, because it doesn't matter what I do on my channel.
Speaker: And in fact, the content that I'm going to produce, for example, is the content that I'm talking about.
Speaker: For example, I've been talking about crypto-money projects where the goal was to talk about a project, but it was already interesting because it was already interesting.
Speaker: So at this moment, it's a win-win because you say, I'll have to talk about my community because it's a project that I like.
Speaker: And so if in addition to that you can be remunerable for the creation of content, it's a advantage.
Speaker: Because it's true that if we talk about creation of content and revenue, it's necessary to know that 100% of our content is free.
Speaker: Because that's a bit of a point that we have to note.
Speaker: I don't want to do a training.
Speaker: So in general, for very simple, when you are a creator of content, at a moment if you want to really live in a living, you will choose a economic model.
Speaker: So there's the model of training, the model of the content payable, the model of exclusive things.
Speaker: I wanted to make 100% of my content be all the time free, all the time free, all the time free to be available to everyone.
Speaker: So there's no exclusivity for certain members.
Speaker: But in counter-partition, I wanted to make a really sponsor, the fact of having a sponsor
Speaker: in the video or on a tweet who will be remuner for the occasion.
Speaker: But it's a choice that I made.
Speaker: There are others who make other choices and are all at all respectable.
Speaker: I mean, there's not a better, there's not a better.
Speaker: It's really everyone who does it.
Speaker: Everyone does it.
Speaker: On you already did it in order to do that?
Speaker: Yeah, because there are people who understand it very well.
Speaker: At a moment, there are people who understand it very well.
Speaker: At a moment, if you want to live, again, we talk about the activity.
Speaker: Because it's true that if you do that, you have a job on the side and you do that in more, to get to the side.
Speaker: at this point, you can pass it.
Speaker: In my case, it's become my real work, I do to live.
Speaker: And so at a moment, if I do to live, unfortunately, all of which YouTube, Twitch and others payed quite much nothing.
Speaker: So in my case, you're almost obligated to sponsorize or to have a payable content payable, etc.
Speaker: So if you want to live, you have to have that.
Speaker: And so there are people who understand it very well and who say, well, if you want to eat in the end of the month, it's good to sponsorize your video.
Speaker: But there are, for example, who don't accept it because, and I can understand it all, they consider that you can be influenced by the sponsor.
Speaker: They say, for example, you wouldn't want to talk freely about a project because you're sponsored.
Speaker: This is actually a problem.
Speaker: Now, I always say, in all cases, when I talk
Speaker: of video videos, especially for projects.
Speaker: Generally, it's part of the condition I put with the sponsor, it's that I can speak freely about the project, about what it is.
Speaker: I made a video for a store that allows me to deliver... Helium.
Speaker: Yeah, Helium.
Speaker: And in the video, I tell you clearly, I told you I didn't pay it.
Speaker: So, the sponsor me offered the store, I didn't pay it for any case, I just received the store.
Speaker: And I said, just like that, you're clear, I'm transparent, there's no bad stuff.
Speaker: And at the end of the video, I made the plus and the moins, where I said, at the level of inconvenience, that it was a system closed, that we were totally dependent on the stuff.
Speaker: And the people from Helium, well, it was LynxDot, they told me that they were very happy because when you only show the good side of a thing where everything is wonderful, the people are saying that there's a problem at a moment.
Speaker: It's a very complicated topic because when you create content becomes your job and you give you value constantly, there is a moment where you have to find it.
Speaker: And the sponsoring is a model like another.
Speaker: And it's important that it is done in the good conditions with the good mindset.
Speaker: But it's very delicate.
Speaker: In fact, the system which would be... I think it's really... It's really... It's not me.
Speaker: I'm talking for myself.
Speaker: For me, the system that would be the top of the top, it would be to be directly paid by the community.
Speaker: With, for example, all the Tipeee or other things, many creators of content have that, Patreon, or whatever.
Speaker: Where, it's directly the community who will finance it with each other.
Speaker: It's not even a big deal, people will put 1 or 2 €, but when you have an important community, it can quickly represent something.
Speaker: Ça, pour moi, ce serait clairement le modèle idéal parce que là, tu n'es dépendant que de ta communauté.
Speaker: C'est vraiment le top du top.
Speaker: Mais pour avoir essayé de mettre ça en place au départ, quand j'avais essayé, les gens ne donnent pas.
Speaker: The people say, I take the content because it is free and if the content becomes payable, I will take the content ailleurs because I don't want to pay.
Speaker: So at this moment, you say, okay, the model financed by the community, in my case, it doesn't work.
Speaker: So there was a training, but it wasn't something that I was interested in.
Speaker: At the time and even now, it wasn't a domain that I was interested in.
Speaker: So if you don't do the training, if you don't do the payment by community, you can do the sponsoring, or the brand that I came to see.
Speaker: And I feel like it's one of the most expanded models.
Speaker: I mean, when you're on YouTube, you're always on Red Shadow Legends, all these mobile games, War Thunder, what you know.
Speaker: I think it's a model that's already developed.
Speaker: So it's not surprising to see it in the crypto-money market.
Speaker: Completely.
Speaker: And if it's the one who resonates with you, continue.
Speaker: But like you said earlier, the intuition is super important in our career, because there are things where someone will tell you what you should do, and maybe objectively it's true, and maybe for them it's true.
Speaker: But for you, it doesn't work and it doesn't work.
Speaker: And it's something that we forget.
Speaker: And especially, there's a proliferation of gurus on the internet that makes you all a lot of things like this, like this, like this.
Speaker: And at the end, no, not necessarily.
Speaker: It depends on where you're at.
Speaker: Do you think about regulation of this activity?
Speaker: Regulation vis-à-vis of the activity of the creators of the crypto-money, you talk about?
Speaker: Yeah.
Speaker: I'm not directly touched on the French rule, but I apply the new rule, the new influence influence which comes from France, because a large part of my content is in the destination of the French countries, and France represents a large part.
Speaker: But it's true that with the regulation which has been put in place, especially with the fact of not being able to do that promotion in some cases of projects which have an enregistrement or a validation PSAN which respond to X or Y conditions, it's true that it has already been reserced, in all cases it has already been recadrated in part by the
Speaker: the legislator, the regulator.
Speaker: Is it still to go further?
Speaker: I think there is a limit.
Speaker: I think we could go further further to avoid some arnaques or other.
Speaker: But at a moment, I think Owen Hasher had very well said that if at a moment, we encadre a lot of
Speaker: the ecosystem as compared to others like I don't know, I don't know, the makeup, beauty, etc.
Speaker: If we restrain, pardon, much more than the ecosystem, we will end up with the kill also.
Speaker: And I think there is a just a place to have an equilibrium between letting the place to the content creators, but still to encadrer to avoid doing everything and anything.
Speaker: because already we are going to put the side of the entrepreneur on these subjects, if we are going to put the side of education on these subjects, it's done, everyone will go to France and Europe.
Speaker: Passons to your...
Speaker: Enfin, à une de tes spécialités, en tout cas.
Speaker: Passons sur la direction un peu plus crypto dans ton expertise.
Speaker: Moi, il y a une question que je me pose en regardant des choses que tu fais.
Speaker: C'est, est-ce que tu penses qu'une personne normale, elle doit forcément comprendre ce qui se passe en dessous?
Speaker: Et je précise, tu vois, j'utilise tout un tas d'applications.
Speaker: Je n'ai aucune idée sur le fonctionnement technique, technologique de ces choses-là.
Speaker: Mais est-ce que tu penses que...
Speaker: blockchain has spécificités which make us think we should be able to creuser, we should be able to understand how it works, we should be able to understand how it's sécurised.
Speaker: Yes and no.
Speaker: It's a half-time answer.
Speaker: In fact, I'm going to take a simple example of the car.
Speaker: You don't need to understand how a motor works, how it works for a car to use your car daily.
Speaker: You can go from a point A to a point B without never understanding how it works.
Speaker: But
Speaker: I don't want to break the subject at a point, I don't want to understand how, for example, Bitcoin, the algorithm of hachage SHA-256 works, we don't care about it, there are people who understand it, but there are people who don't care about it.
Speaker: But to understand the big lines, again, vaguely understand how the motor works, vaguely understand how the motor works, vaguely understand how the motor works,
Speaker: I think that for a lambda person, it can only be an advantage of understanding a little bit what she does.
Speaker: And especially when she makes a transaction, I envoie from the crypto-money of my portfolio A to the portfolio B to an ami.
Speaker: You don't need to understand how the process works, so to minage, so to staking.
Speaker: But it would be even to understand that
Speaker: My transaction will be introduced in a block, this block will be validated, sealed by miners, for to be envoyed from the other side, etc.
Speaker: The strict minimum, I think that can't make any worse.
Speaker: It can only be more interesting.
Speaker: Now, we are okay, if you don't want to take the head and just say, I'm going to put it on the other side, I don't take the head.
Speaker: Yes, it will work.
Speaker: And so much, much better for that.
Speaker: But...
Speaker: I think it comes from the scientific side of the fact that we want to understand what's happening behind it, a little more than just that it works, it's cool.
Speaker: I think it's always a plus, but it's not obligatory.
Speaker: It's super interesting.
Speaker: And it's true that particularly today, we're still on the...
Speaker: Sur la courbe, on est encore sur les early adopters quand même, sur les innovateurs.
Speaker: Et c'est vrai que le fait de creuser, le fait d'aller chercher ces informations-là, ça t'ouvre à des choses, ça t'ouvre à des opportunités, ça t'ouvre à des possibilités pour vraiment bénéficier de tout ça.
Speaker: Toi, personnellement, c'est quoi ta stratégie d'investissement global?
Speaker: Globalement, en fait, moi, il faut savoir que je suis...
Speaker: I'm a, between guillemets, a gros fainéant.
Speaker: Okay.
Speaker: It's like that, in all of a sudden, I attacked the ecosystem of the crypto monnaies with the mining, the staking, the nodes, etc.
Speaker: In fact, I'm part of the principle that I have time to do this at the level of my investment in the crypto monnaies, but I don't want to do all my time.
Speaker: And so if there were methods, techniques, for example,
Speaker: which would allow me to generate crypto money in a passive way without constantly looking at it every day if everything is going well, it would be ideal.
Speaker: And luckily for me, in the ecosystem of crypto money, as I said, there is one part the mining
Speaker: the proof of work and the proof of stake which are two consensus of validation and function of the blockchain, in operating on the one like the other, you can generate passive crypto money and so indirectly a revenue.
Speaker: It will require you to work at an instant T to put everything in place.
Speaker: But once it's done,
Speaker: Apart from a surveillance of 1-2 minutes, the morning and the evening, it doesn't need more than that.
Speaker: And I was something that was interesting.
Speaker: That's why I'm very bad at trading.
Speaker: For example, I didn't want to follow the course all the day, to see if it all changed, etc.
Speaker: The experts in trading will say that it's not that.
Speaker: But in all, it's like that I see.
Speaker: And so...
Speaker: So I didn't want to lose my time behind the screen.
Speaker: I wanted to be able to pass time on something.
Speaker: But once it turns out, if there is a problem, an inconvenience, there is a moment to put a little hands on the cambouis.
Speaker: But it's true that if it can work all alone, it's all what I'm interested in.
Speaker: And it's so for that I'm very interested in this domain, particularly of the cryptocurrency and blockchain.
Speaker: C'est intéressant.
Speaker: Moi, je ne sais pas du tout comment ça se passe.
Speaker: J'ai un peu cette notion de... Il y a la complexité qui évolue, il y a des nouveaux tokens qui deviennent disponibles en minage, en staking.
Speaker: Depuis que tu as commencé, comment ça a évolué pour toi?
Speaker: Comment est-ce que tu passes d'une crypto à une autre?
Speaker: Comment est-ce que tu passes d'un système à un autre?
Speaker: Et c'est quoi les décisions que tu prends au quotidien pour justement le tour du minage?
Speaker: The most important in the work that I've done is the analysis fundamental.
Speaker: The analysis fundamental is to understand what is hiding behind a crypto-money project.
Speaker: It's to understand who is the team, how are the team, how the project works,
Speaker: I think the first thing to do is to try, because again, nothing is never guaranteed, otherwise it would be too simple, but to try to do a project that, in my sense, but to my eyes, could have an interest and could have an interest to people in the future.
Speaker: Because in general, I started from the principle that if I was going to put on the good horse... Well, the goal was to put on the horse on the long term.
Speaker: I always said that the goal was not to get quickly and for example, you have 1000€ and in two months, you have 2000€.
Speaker: The goal was to say that I put 1000€ and then after an or two, it represents an important sum of money.
Speaker: I want to have 10.000€, for example, like that.
Speaker: And if you want to have this kind of
Speaker: perspective and evolution, it is before all to turn it towards a good background, something that will allow to evolve on the long term.
Speaker: Typically, a meme coin, whether it is Doge, Shiba, PPcoin, for example, it doesn't depend on anything if it is hype.
Speaker: The interest of these crypto-monnaies is on their community.
Speaker: So if there's no hype, the project doesn't go anywhere because there's nothing behind it.
Speaker: In other words, the projects have very interesting fundamentals to solve the problems that we have at the moment, I have to say in the everyday life.
Speaker: How is it going to happen?
Speaker: You are miners?
Speaker: and you decide, you change regularly of tokens that you want to min?
Speaker: You have several in parallel?
Speaker: In this moment, you min what?
Speaker: To do the same thing, the first thing is that you can, between guillemets,
Speaker: to organize it like you want.
Speaker: You can, for example, mine for a month a crypto money at all.
Speaker: You can dispatch all your machines, if you have several machines, on a different crypto money.
Speaker: And it's a bit to you, in terms of the strategy you envision, to do what you want.
Speaker: There are people who will focus on Monocoin and try to h ave a maximum because they are
Speaker: I'm ultra-convaincu by the project.
Speaker: There are people who say, I'm not going to put all my own in the same panier, I'm going to diversify at max for all of them to go on different domains and see what there is.
Speaker: So, it's really proper to each other.
Speaker: I mean, there's a little bit of everything.
Speaker: And in terms of the moment, it's evolving.
Speaker: I mean, you don't have to mine, for example,
Speaker: in the same way as in the water, because it's not the same way.
Speaker: There are also big major events like the transition of Ethereum from Proof-of-Fort to Proof-of-stake, which puts all the questions in the game.
Speaker: And regarding the mining at the moment, I have two machines that are turning on a small project, Alethium, which is a project that I analyzed and studied, which I thought the principle was very interesting,
Speaker: So it's a small project not known, and it's just that the interest is that, as it is small and not known, there are very few miners who are present on it.
Speaker: So it means that when you mine, the quantities that you will obtain are more important.
Speaker: Because I always take the example of a gâteau.
Speaker: A gâteau, it's the same size.
Speaker: If at a moment, we are 10, we are 10.
Speaker: If we are 100, we are 100.
Speaker: And so we understand that if we are 100, the part that comes back is much smaller.
Speaker: So it's all the interest of turning towards this project.
Speaker: But this project I found after analysis, after research, after, in a way, study of what was behind the project.
Speaker: It's funny because everything you describe... In fact, the mining is really an investment strategy, but in order to invest in the money, you invest in the money and electricity.
Speaker: because you do the same process, you do the same due diligence, you do the same research and you do the same risk also because your project Alethium arrives early, you take a bigger part of the cake and if no one wants to do it later, if the project doesn't succeed, you spend this time and this energy.
Speaker: Exactly.
Speaker: So it's a completely different approach.
Speaker: And so, beyond Alethium, what do you mean in this moment?
Speaker: For the moment, I'm only on Alethium because I'm focused on this project.
Speaker: But in a few months, I was on Flux, another crypto-money that I know very well and that I am from their start.
Speaker: As I said, I had to min the Ethereum when it was still possible.
Speaker: I had to min the Firo, a crypto-money called Zcoin, which was a anonymous crypto-money, a little like the Monero.
Speaker: I had to min the crypto-money,
Speaker: I don't have to have mined 100% but as you said, on 100% they did not perform all the way.
Speaker: There are some who have ended up in the bubble and never rapport.
Speaker: There are some who have been a little bit higher and you have to wait for a higher increase.
Speaker: You have to have a little bit of money but it's not extraordinary.
Speaker: And then there are projects on which it works better.
Speaker: And where you were working well at the beginning, and where the crypto money is actually being part of it, because as you said, it's part of the game.
Speaker: All the crypto money that you mine are not going to be top crypto where you will be able to gain money.
Speaker: And that makes me feel like a question that's not completely related to that.
Speaker: Because today, the Bitcoin is quite centralised around grosses firms.
Speaker: It's a bit of a hypothesis that was made at a moment.
Speaker: I don't know how much it is still going to be found today.
Speaker: I imagine that, in the normal normal things, it would be always true.
Speaker: You confirm?
Speaker: Regarding the centralization of the firms, it's not centralised around the firms.
Speaker: It's especially the pools of mining.
Speaker: So for two seconds, what is what is a tool?
Speaker: It's an entity that will centralize, just one, several miners, on we'll say, for him, it's a server, where the miners will put their power of mining in common.
Speaker: And in fact, if we can talk about centralization on Bitcoin, it would be rather than the tools of mining, which are, just one, joined by these firms of mining, where we have, actually, some very big tools of mining, some very big entities,
Speaker: which is a important part of the power of the calculus on Bitcoin.
Speaker: The biggest advantage, if I could say, of mining and particularly on Bitcoin, is that if tomorrow the mining firm that we talked about, it's not going to be able to go to the big, but it's going to be able to go to his concurrent who is a little bit smaller,
Speaker: I mean, I mean, it's not very complicated.
Speaker: If he has a lot of machines, it will take a little bit of time because it will just reprogramming some things, but it's still a little easier.
Speaker: So it's true that it's a little bit of a thing.
Speaker: But we have a centralization around some big pools of mining.
Speaker: Well, already, do you see that as a problem for the viability,
Speaker: I don't think so.
Speaker: They have no vocation to nuire to the internet because they gain money if they play the game.
Speaker: So for a pool of minages, it would be stupid to go against the Bitcoin network in doing something illegal on their network.
Speaker: And if it was already seen in the past, I think it was in 2013 or 2014, when there was a pool of minages who had more than 50% of the total of hash on their network network, it would have just closed its doors to the new miners
Speaker: which they wanted to join.
Speaker: So they had no possibility of rejoicing this pool.
Speaker: And they had increased the price they were able to push the mineurs, well, a part of the mineurs out, just the time that we're doing the network.
Speaker: And that's done in a few days.
Speaker: So it's not a problem.
Speaker: It's not a problem, but it's not a problem.
Speaker: So it's a little bit of a second question that I had, which was liable, which was, is it for other networks who are naissants and who would use
Speaker: It would be interesting to push the users to make the miners themselves, which is their machine.
Speaker: It happens very often.
Speaker: In fact, on the very small projects, imagine that you have only 50 miners on a small project.
Speaker: You can very quickly have a centralization.
Speaker: It even suffit that there is one in the mineur, which is quite a machine, for example, a farm of mining, that will directly drain a huge part of the power of H. So the network, at the beginning, could be centralized.
Speaker: But the more the one is adopted and the more the one is used, the more it will be decentralized.
Speaker: Again, if the project is good, if you have a pure coin, but generally it's what happens.
Speaker: At the beginning, you have a lot of centralization because you don't have a lot of mine.
Speaker: And as soon as you have mine who join the réseau, the decentralization is bigger.
Speaker: As far as it's the same concept.
Speaker: You talk about tokenomy, you talk about mining, it's a bit the same thing.
Speaker: And so why are the projects continuing to embrace the proof of work, despite the problems we see, despite Ethereum, which is why they are detached?
Speaker: I think there are two things, two main points.
Speaker: The proof of work, in all of a sudden, if we take on Bitcoin, it will take 15 years that it turns.
Speaker: It has never been done in default.
Speaker: So we have 15 years of experience.
Speaker: We have nothing too long as that in the crypto ecosystem, without the moindre fail, the moindre hack, the moindre problem.
Speaker: I mean, the blockchain Bitcoin has never stopped, has never been stopped with its blockchain.
Speaker: So it proves
Speaker: that the proof of work is serious and solid and that it is going well.
Speaker: And then I think that the proof of work has its advantages and its inconvenience.
Speaker: You mentioned it, there is the consumption of electricity which is directly liable to the fact that we use machines for that.
Speaker: But the proof of stake, the direct concurrent proof of work has its advantages, but also some inconvenience.
Speaker: And what comes very often in proof of stake is the centralization.
Speaker: We talked about the pool of mining with the fact that the miner can very easily change pool to decentralize the new network.
Speaker: It's something which is much more complicated to do on the proof of stake because even the principle that more you have to generate money, because you have to put this money in cash for gaining, the rich become more rich and that's a bit of the problem that we have on the proof of stake.
Speaker: So it has advantages, it consumes much less energy, it has other inconvenience, the centralization is mainly what we reproach the most
Speaker: or coin or proof of stake.
Speaker: There's no solution perfect.
Speaker: I wasn't aware of how it could pose a problem on the proof of stake.
Speaker: I didn't know.
Speaker: For you to tell, there's a proof of work, proof of stake, and there's a project that combines the two technologies to try to
Speaker: to be able to be the best of the world.
Speaker: It's not always a very good thing, but you have projects that are both in proof of work and in proof of stake, where it's really a mechanism where we have two systems that work together.
Speaker: You have two advantages at the same time, but you also get the inconvenience of the two.
Speaker: Because, effectively, the centralization is a bit more discutible because, as you have a part of the minage, your chain, which works in proof of work, will consume energy and you will not know anything to do.
Speaker: Even if you have a proof of stake, you will reduce it, but you will always consume energy.
Speaker: In any way, it's like that.
Speaker: In the technology, there are always compromises to do.
Speaker: One of the things I'm looking forward to see in the years, is that, in my opinion, there are solutions to energy that are not yet too much known,
Speaker: I don't know the name in French, Zero Point Energy Field.
Speaker: That's something?
Speaker: Like that, no.
Speaker: It's the technique that used Tesla to create its tour, which would be able to generate energy to infinity.
Speaker: Okay.
Speaker: I was not sure.
Speaker: And who had been... You should have seen it.
Speaker: It's pretty crazy.
Speaker: And who had been... It was JP Morgan at the time who had made him foyer his project.
Speaker: And there's a guy called Dr. Stephen Greer who has released a documentary recently and who talks about UFOs, about potentially...
Speaker: which technology they could use.
Speaker: The first part of his documentary is focused on all the projects that were annihilated by the American administration and which, in general, were in this sense.
Speaker: In general, rather than looking for energy in the physical, by the wind, by the sun, by the sun, you will search for energy in the quantic.
Speaker: And at this moment, if we get to go there, the proof of work doesn't cause any problems.
Speaker: However, if we do a lot of advanced quantum mechanics, not necessarily energy, but informatics, there is another problem that is posed on the proof of work.
Speaker: And that, I wanted to ask you, because I didn't have any questions that I was really satisfied, what happens once the quantum computer has really advanced?
Speaker: I asked a question to a professor of university who was specialized in the domain.
Speaker: He is a professor at university, he works in the quantic, but it's an opinion among others.
Speaker: He explained that, contrary to classical computers, the quantic computers are programmed to work in one way.
Speaker: and especially in a single way of calculating.
Speaker: At the moment, the quantum computers that we are developing are not designed or designed to be able to decode the algorithm of Bitcoin.
Speaker: We are talking about the SHA-256.
Speaker: They are not done at all for that.
Speaker: It's to say that at the time, if we wanted to have an computer quantum computer, for example Bitcoin, the computer computer, it would be necessary to take everything from the beginning.
Speaker: So, we have to forget everything that we have programmed for the computer quantum computer.
Speaker: We forget everything, we have to forget everything, and we have to rebuild everything.
Speaker: So that's the first case.
Speaker: So, we saw that we have this security where we don't calculate the right way for this kind of task.
Speaker: That's a bit what we save.
Speaker: But we told him, between other words, that if we had people who said that we would really do it for decoding the SHA-256 and that's it,
Speaker: He explained that it was much more interesting to do than to attack Bitcoin at the moment, because the SHA-256 is a cryptic method, or in any case, which is used in many domains, and especially in all of the finance, cards of credit and other.
Speaker: So he explained that if you were a bad entity with a quantum computer, it would be much more interesting and much more profitable for you to attack the traditional system and for example, to be able to make all the security of the blue cards, rather than to attack Bitcoin, where you will take a lot of money, but it will be at Bitcoin, while you really attack the system.
Speaker: So he explained that he gave me this as explanation.
Speaker: It's worth what it's worth.
Speaker: I'm not an expert in quantics, but the way he explained things, I wanted to give him confidence for it.
Speaker: Okay.
Speaker: And if it's been said that in 15, 20, 50, 100, we have an computer quantic developed and could do it, is there a way to make it evolve the system of hash?
Speaker: Because it seems that it was an element of response.
Speaker: Do you know more about this side?
Speaker: In general, Bitcoin was built to function with this hash in SHA-256.
Speaker: It is used in many other domains.
Speaker: Since the birth of Bitcoin, this algorithm has always done its job and it very well.
Speaker: But it's not at all... It's seen in many other crypto-monnaies.
Speaker: Bitcoin has never done it, but there are many crypto-monnaies who have changed their function.
Speaker: The most famous one is Monero.
Speaker: Monero, I will not say that he changes his time, but he changes it regularly to keep an aspect decentralized because in fact, we have companies that create specialized machines for the mining of Monero and the team of Monero refuses to really get ASIC, so these machines are not supposed to be specialized, so until the machine is ready, they change the algorithm and the machine is, between guillemets, it's good to go to the bubble because we can't reprogram it.
Speaker: And so, we could envision, it would be an enormous consensus to make it accept the Bitcoin community.
Speaker: So, it's something else if they want to accept it.
Speaker: But we could say, if we guard the SHR256, we have a quantum computer which is ready to decode, is it not the best moment to change an algorithm?
Speaker: We can do it.
Speaker: If we want to do it, it's another thing.
Speaker: But we can do it.
Speaker: We can do it.
Speaker: It would just be an accord of the majority of the community around Bitcoin.
Speaker: That would be funny.
Speaker: Because we don't know who these Bitcoins will be from there.
Speaker: With everything that happens with Microsoft and all the ETFs will have a place.
Speaker: It's not exactly the function of the ETF.
Speaker: I don't know the regulation on the backing there to create an ETF.
Speaker: How many bitcoin do you have to create?
Speaker: Aucune idea.
Speaker: It would be interesting to... I'll go to that.
Speaker: Let's change a little bit of format for a few minutes.
Speaker: And I have a fire side questions, a few questions to answer in a few seconds.
Speaker: If you were to buy a NFT, what would you hold a crypto kitty?
Speaker: Because it was the first time I started.
Speaker: Pareil, on est de la même école, premier NFT acheté en 2017.
Speaker: Si tu devais acheter une seule crypto, que tu garderais à vie?
Speaker: Bitcoin.
Speaker: Facile.
Speaker: Si tu avais 10K pour te faire un portfolio, il ressemblerait à quoi?
Speaker: 50% sur Bitcoin, 25% sur Ethereum et les 25% sur des plus petits coins.
Speaker: Il y aurait probablement Atom Cosmos, il y aurait Flux, il y aurait comme ça de tête.
Speaker: Qu'est-ce que je mettrais bien dedans?
Speaker: Morphous Network, when I speak.
Speaker: Okay, too much.
Speaker: If you could do a flight in space, would you do it?
Speaker: Yes.
Speaker: Would you do it?
Speaker: No, not in the immediate.
Speaker: Okay.
Speaker: The three people with which it matches the most in the ecosystem?
Speaker: I'm with much more than three people.
Speaker: And the problem is that when you're citing people, you always forget them.
Speaker: Yeah, but I'm sure they understand.
Speaker: I'd say that the people with whom I'm hearing the most, it's those with whom I share the most of things.
Speaker: I'll put the coin of mine, Elan Flux, and Kaiser or Jean-Jean Labricole.
Speaker: If you want to add two or three, you can add.
Speaker: I'll put it.
Speaker: Carek, No lol.
Speaker: The guy who's on Twitter and he's doing all the list of people who follow you.
Speaker: What are you doing in the online world?
Speaker: The time I spend playing on the PC.
Speaker: And one thing that people in line think about you and which is not true.
Speaker: Etonemly, there are a lot of people who think that I'm French.
Speaker: But you talked about your accent earlier.
Speaker: Sometimes it goes a little bit, but I think you're in the mass.
Speaker: Honestement, yes.
Speaker: I think that, on the hear a little bit, but compared to others, it's much less strong.
Speaker: And now, we can return to the technique and I have a little challenge for you.
Speaker: If you could present the bitcoin to a child of 5, it would look like a what?
Speaker: It's hard, it's super hard.
Speaker: I think... You can test it?
Speaker: I can, but I know there's a game of the plateau, I forgot the name of the person who invented it, there's a person who made a game of the plateau,
Speaker: to explain to children how to explain Bitcoin, where you have cards with a blockchain, a Nazi, a thing of mining, and it's super well done.
Speaker: And I think if I could explain to children 5, I would use it because it's so well done.
Speaker: I saw surfing Bitcoin last year, I think, in 2022.
Speaker: He was present and he was present to his game.
Speaker: And honestly, it was so well done that I would say that it would be the top for explaining to children 5.
Speaker: I would refer to that.
Speaker: You make me think of something in 2018-2019.
Speaker: I gave a course in a school of commerce on crypto.
Speaker: And so it was going to explain why Bitcoin is the example.
Speaker: I had read an article there-dessus that I would like to read, which is the best article to explain why the interest of the decentralization.
Speaker: And it was with the metaphor of four people who are on a desert island and who want to create an economy between them.
Speaker: I don't remember really.
Speaker: They want to create an economy between them without having to make sure they're confident.
Speaker: Okay.
Speaker: So they have put in place a rule where they have a common ledger, so they have a registrant exchange that's made.
Speaker: They have each 25 pieces at the beginning.
Speaker: And for
Speaker: to validate that person A has given a piece to person B, it needs to be at least a third pair of four who is there to verify and to show their signature.
Speaker: To avoid that two people say that they have generated 50 pieces and so they recover.
Speaker: The article is much more complex, but they visualized, they understood the intérêt and it was really good.
Speaker: In any case, the few explications that you gave me, it was very interesting and actually, I was thinking about it with the fact that there are people bloqués on a hill and they have a system between them for that it is functionally.
Speaker: I tried to make it out of the article.
Speaker: So, I had planned to ask for other ages if you wanted to get to experience or we passed to the next?
Speaker: It's going to be complicated.
Speaker: I prefer to pass to the next because I have really fear.
Speaker: It's a little complex.
Speaker: I was thinking, let's go to a challenge.
Speaker: But I didn't have any time.
Speaker: I'm going to ask you this question until someone... I'm the man for the job.
Speaker: For you...
Speaker: What is the role and the future of Bitcoin in our ecosystem, in the global ecosystem, in the society?
Speaker: I always said that in all this, I don't see Bitcoin as a payment, even if we can transform it as a payment, especially with the Lightning Network, we can use it.
Speaker: For me, Bitcoin is above all the proof
Speaker: alternative exists and is functionally so we have always known the management of the money by the states by the governments at the time even by the roes and others it was they were made up there and there we have satoshi nakamoto who sort of his chapeau a alternative or
Speaker: people Lambda, as you said, who don't know, who never met, can use a system that is functional, without fail, and especially without having to trust each other, since the system is thought and conceived like that.
Speaker: For me, this is the real revolution of Bitcoin, to prove that there is an alternative.
Speaker: And then, in being more rational and less on the side of the way it's beautiful, it's cool, I think in all that Bitcoin at the end will become a reserve of value, a system, a bit like we did with the physical or, the precious metals and other.
Speaker: I think Bitcoin will become a form of reserve value, a way to protect rather than secure his finances, his investments, vis-à-vis other things.
Speaker: But it's true that the best success is to have shown that an alternative existed.
Speaker: I love the reaction.
Speaker: When we talked about the last time, we talked very quickly about mining and as we said earlier, it could be seen as one of the weak points of the network.
Speaker: But you told me about proof of useful work.
Speaker: How does it work and how do you see the impact that could have on Bitcoin if it could be implemented or on other money?
Speaker: So, the proof of useful work is a constat that when we do the mining, we consume energy to make the machines, the computers, and the calculations, which are made by these machines, even if it's not really the calculations, but for simple, we'll say that it's the calculations,
Speaker: They don't serve as much if it's actually to take off the next person who will validate the block and then push the recompense.
Speaker: It's to say that we turn thousands of machines across the planet for the pleasure of doing it.
Speaker: It's secure the network, it's not a participant, but it doesn't matter.
Speaker: It's the critique that we do often on Bitcoin.
Speaker: The people who are not in Bitcoin say that
Speaker: You always consume this to the country, it's Holland, it's Germany, it depends on the studies, it changes at each time.
Speaker: You consume more than for a thing that nobody cares.
Speaker: In fact, there are people, Vitalik Buterin, founder of Ethereum, who said that the mining is a lot, I'm going to try an alternative with the staking, in passing Ethereum from Proofwork to Proofstake, to reduce the energy consumption.
Speaker: And there are others who have another vision, who have said that the mining works super well, it's super interesting because we have a lot of machines with a lot of power of calculus, but rather than just to use it for a person, we could use this power of calculus
Speaker: to make a good calculation in the everyday life.
Speaker: For example, the replication of proteins for all the biology.
Speaker: We can use it for the predictions meteorologicals, because typically, the meteorological predictions consume the malades resources
Speaker: how the winds, the clouds, the clouds will move.
Speaker: Also for the calculation of objects stellar, for following the trajectory of a meteorite or a comet, and to see how they could move on.
Speaker: So all these domains are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they are, they
Speaker: rather than making a calculation of which we serve to do anything, we would use this calculation to develop this kind of technology.
Speaker: And in the meantime, the people who participate in this would, like for the minage, be remunered in the crypto-money in question.
Speaker: And there are several projects that are already on the coup.
Speaker: There are already several projects that propose more or less functionally this technology.
Speaker: And you think that it would be implemented for Bitcoin at the end when it's really mature?
Speaker: I think it would be very complicated to implement it on Bitcoin because as we said, at the time, the power of work works extremely well.
Speaker: And I think Sebastian Guspiew, who is a French-American professor, would say that the energy energy of Bitcoin is significant compared to other types of consumption and that in itself it is not a problem.
Speaker: So, as I said, the only thing that could change the process of Bitcoin would be the computers, and again, we would change the algorithm, but we would rest in proof of work.
Speaker: So, I think Bitcoin will never implement other technologies that it has already, and it will say that it works very well.
Speaker: No, but it's clear that it has its proof, because mine of nothing, Bitcoin is the most vulnerable years.
Speaker: the first year, the first year, the first year, the first year, the first year, the next year, it's there that the potential attacks were the most easy to do.
Speaker: Yes, it was at this point in any case.
Speaker: If you wanted to attack Bitcoin, it was before.
Speaker: Now, in fact, it's a little late.
Speaker: It's going to be complicated.
Speaker: Yeah, it's clear.
Speaker: One of the things that is the most beautiful with the blockchain and the decentralization for me, it's the interoperability.
Speaker: And the idea of being able to say, well, we're going to make a financial system or a smart contract on a mechanism of calculating
Speaker: to the medicine, to the health, to the businesses to have positive impact, which will not have the way to turn... It's fantastic.
Speaker: It's fantastic.
Speaker: It's clear.
Speaker: It's a new technology.
Speaker: And as you said,
Speaker: It doesn't even have its own proof, it's not yet to be able to do the public, but as you say, there are a lot of small entities who are interested in it because they have clearly needed it.
Speaker: Well, a founder of projects or a magician of mathematics, if you could find a way to implement it, it will be very reconnaissant.
Speaker: And you can contact Mr. Tika who will be able to invite you to his channel.
Speaker: For a little bit.
Speaker: Do you think that one day it will be easier, it will be possible to do mining in a way that it will be more accessible technically for everyone and that it will be a little bit more and that it will be a little bit more rentable even if it's not a million and a hundred.
Speaker: I will answer in two parts.
Speaker: First, everything is about the rentability.
Speaker: Because the rentability is another subject.
Speaker: But the fact of making it accessible to anyone, it's already the case.
Speaker: Because now you have a software mining
Speaker: You recommend what for that?
Speaker: It depends on what you want to do.
Speaker: For example, if you want to do, for example, you have a software, like NiceHash, which allows you to do a few clicks.
Speaker: It's automatic, but it's not the
Speaker: the most interesting, the most functional, but it's really you click and it's mine.
Speaker: You have even, at the level of the exploitation, you can see for the minage.
Speaker: When you see an iOS, it's an exploitation system that was pensé for the minage.
Speaker: The interface is super sexy, it's done with a system almost automatized where you just go just the case where you could go to everything.
Speaker: It's becoming extremely accessible.
Speaker: So it's really the access to the minage
Speaker: for me, the biggest effect
Speaker: But the second point, which is the question with the rentability, it's a different problem, especially in Europe, because in Europe, we have our electricity which is fortly increased and which is actually problematic for the ménage.
Speaker: It's true that it's the big frein that we can have, especially in Europe.
Speaker: If you're at the United States or Canada, it's a bit more simple.
Speaker: But for the rentability at the current moment in Europe,
Speaker: It's very complicated.
Speaker: At least you have a good price because you're an old agent EDF or that the house of your house is covered with panneaux photovoltaïques.
Speaker: It's extremely complicated to have a rentability in Europe.
Speaker: It's still possible by moment.
Speaker: It's possible when the market is at the highest because there, we are at the highest, so it's difficult.
Speaker: But the rentability is really a part of a different area.
Speaker: And at the moment, it's difficult.
Speaker: And how, to, to, to, to consider it a little bit more long-term, of, okay, I'm not in profit in the immediate, but I'm in crypto who have potential.
Speaker: or you still have to do it?
Speaker: At the moment, it's only that.
Speaker: It's only that.
Speaker: After that, you can see the mining of different ways.
Speaker: I know, I first, a lot of people who say, well, my installation of mining, we'll be able to do it.
Speaker: I have a radiator that consumes 2000 watts in summer, not in summer.
Speaker: Rather than turning the radiator of 2000 watts, which, he, never never will,
Speaker: I prefer to put up to 2000 watts and maybe have a chance, maybe, that it will bring a little something.
Speaker: It's a bit like that the vision that people have, to say that if you have to spend energy to heat up, why not do it with the minage?
Speaker: But it's clear that when you don't take the aspect of using it as a chauffage, at the moment, the only solution that you have to do is to put up in the hopes that
Speaker: the coins take value in the time because at the time, you have no rentability on the coins that we have at the time.
Speaker: We pass from proof of useful work to useful proof of work because you mine for your chauffage.
Speaker: I have already heard.
Speaker: Maybe one day, we will be able to make an immeuble where in the foundations, in the way it is built, it's integrated the fact that in the summer, it's chauffe by the minage and it's going to make
Speaker: It's already the case.
Speaker: You have some places.
Speaker: I know Canada, they have a little town of the city which is just a little bit of a carter, which is just a little bit of a carter, so a machine that is going to build the Bitcoin.
Speaker: where they use the water, they use the water, they use the water, they use the water, they use the water, I think that Texas, where there are many farms of minage, they use a part of the water produced for heating the water, so we get this water with exchangeers and we can heat the water.
Speaker: In Holland, the Pays-Bas they used it to heat the serres.
Speaker: So you had an azizik at the entrance of a serre where they would push the tulips and for heat the serre in the summer they used it.
Speaker: And in fact the fact that the same is that when you spend the electricity, so the money for the heat,
Speaker: Well, the chauffage will only cost.
Speaker: With a machine of mining, you have a minimum gain, but you will always have a small gain.
Speaker: You have a company that I know well, I've often discussed with them, it's Waste Mining, which is the Sato, which is a for the particulars, so that any person can install it at home.
Speaker: And in fact, you have a heat with a ballon of water, where you have a Bitcoin, I think it's going to be directly in their exchange system.
Speaker: And so in fact, the Azic, they turn, they take away, okay, the water supply of Bitcoin, but your water of water classic, it doesn't only consume the current and so on the other.
Speaker: So even if you have a gain which is very weak, you have a little gain.
Speaker: That's great.
Speaker: You think that in using this heat, it would be how much time for a Bitcoin today?
Speaker: I think that... I'm going to look at it.
Speaker: If you say that it's... What do you think?
Speaker: I'm going to say that they're going to take a S19 to the current.
Speaker: I'm going to look at it on the S19.
Speaker: I'm going to say that it's the big one.
Speaker: It's not bad already!
Speaker: for one single ASIC.
Speaker: So, I don't know what they put in it, but it would be a look.
Speaker: So, you would have 0-1 BTC.
Speaker: I wouldn't expect that.
Speaker: I didn't expect that because I didn't expect you to tell me 50 or 100 years.
Speaker: That would be ridiculous.
Speaker: That would be like 10 years.
Speaker: You have a BTC.
Speaker: But again, if nothing changes, if not the difficulty of mining increases, if there's not... Yes, but... Restons in the dream.
Speaker: Restons in the dream.
Speaker: We're not too scientific, when we're...
Speaker: It would be 10 years to obtain a BTC entire with this machine.
Speaker: In part of the principle, the machine doesn't fall in rad.
Speaker: We're not the best investors.
Speaker: We're there for the thun.
Speaker: We're there for the thun.
Speaker: We say that in 10 years, we'll have a bitcoin.
Speaker: And maybe in 10 years, a bitcoin will be 1 million.
Speaker: And we're a millionaire with our chaudière qui chauffe-lo.
Speaker: Exactly.
Speaker: So, thank you.
Speaker: The name of the company was?
Speaker: It's Wise Mining.
Speaker: And the chaudière, it's Sato, I think.
Speaker: Eh bien, achetez vite la chaudière Sato et dans 10 ans, vous serez millionnaire.
Speaker: This is not financial.
Speaker: Voilà, il faut toujours le dire.
Speaker: All right, we'll finish on a little note, some questions, because we're talking about gaming, and before we talk about what's going on, Starfield, what's going on?
Speaker: I love it.
Speaker: I'm doing a pause, when we're done, I'm going to turn on.
Speaker: I love the RPG, I love the space, I love the video video, so clearly, I'm happy.
Speaker: I don't know what it is, you don't have to talk about it, I'm not going to watch it.
Speaker: It's an open world?
Speaker: Yeah, it's an open space for the case, for what's happening in the space.
Speaker: In fact, it's done by Bethesda and the creators of Skyrim and Fallout.
Speaker: If Skyrim and Fallout are talking about it, Starfield is the combination of the two, if I can say.
Speaker: Except that it's not heroic fantasy, but you put it in space.
Speaker: Ah, it's on Steam, so maybe on Mac, I'll be able to access it.
Speaker: Yes, it's on Steam and on another launcher, but I forgot the other, but I'm on Steam.
Speaker: Okay, okay.
Speaker: Well, it's good to know who it is.
Speaker: I'm not a gamer, I'm always open to test things.
Speaker: But you said you were a critic of gaming in the Web3, and it's a subject that I'm interested in.
Speaker: I'm a fan of tokenomy.
Speaker: When it comes to take tokens to get to the economy to get to the economy, I find it absolutely fascinating.
Speaker: And it's true that the game is an application and an application is incredible.
Speaker: Why are you critical of the web 3?
Speaker: I don't think it's a critique that I am.
Speaker: In fact, what I find just strange is that at the time, the games that we created with this vision web 3, with all the aspects of token economic and other, are limited to
Speaker: I'm not sure that there are things that start to be created, but we are very far from the AAA, which is called the middle, so there are very big games that sort.
Speaker: I mean, tomorrow you would have, although I'm not a fan of the license, but tomorrow you would have the equivalent of Call of Duty
Speaker: on the web 3 with all aspects, maybe with NFT, for having cards, which represent equipment, weapons, etc.
Speaker: I think that would be so advanced the ecosystem in this case, rather than we would sort out all these little games.
Speaker: After you say, yes, things are happening little by little, it's logical, we can't have a big game with all the stuff, but at the moment
Speaker: I'm not found.
Speaker: I'm a gamer, I've tried several games, I've tried Axie Infinity and others.
Speaker: It's a nice game, it's fun, but it's not that it will be a good thing for me during hours and hours.
Speaker: You play a little, you play a little, you play a little, you play a little.
Speaker: But it's that I apologize even if I can't get all of it from the beginning.
Speaker: Sortez-moi un AAA or something very gros compared to what we have in the video video traditional.
Speaker: And that's why it's very well.
Speaker: I'm not a fan of all the MOBA, League of Legends and so on.
Speaker: But as it's with characters, you do it in form of cards to collect, in form of NFT, but with the system as League of Legends, you have a thing that is with a little onion.
Speaker: And clearly, you can bring people to the world.
Speaker: But to make cards to collect for something in a metaverse where there's nothing to do, I don't see the interest at the moment.
Speaker: But I ask, as a gamer, I ask for a surprise and ask for a game that shows exactly the same thing, which is super good at points.
Speaker: And now, I might change my opinion.
Speaker: But at the actual moment, it's still too early to me as a gamer.
Speaker: Yeah, I understand.
Speaker: I understand, because the thing that comes in mind is that if today we were able to get a game game, I'm ready to pari that because we don't even know the tokenomics to apply to that, it wouldn't be viable and so we would find out in 5 years with a super game but that
Speaker: which is a real economy.
Speaker: So we can't change it, we can't really change it.
Speaker: And I think... You know Treasure Dow?
Speaker: It's not a little bit.
Speaker: They're a Nintendo Nintendo 3.
Speaker: And so they're created a sort of a studio centralised video.
Speaker: They're entering video games in their ecosystem.
Speaker: And I have the impression that every time I take the word, I'm talking.
Speaker: There's one of the games, for example, in their ecosystem where I find very intelligent.
Speaker: It's called Tales of Valeria.
Speaker: Yeah, I'm going to say it.
Speaker: You are right, I was looking at it, but I'm going to leave it.
Speaker: They're really great because they've taken the approach Lean, so Lean Development with Minimum Variable Product.
Speaker: They've made Minimum Variable Economy.
Speaker: So they start with a token, they start with NFT of characters, with NFT of potions and all these things.
Speaker: They keep the hand on how the supply is distributed.
Speaker: They sometimes re-equilibrate.
Speaker: and they do it in a wide-open feedback loop with community.
Speaker: They create their games.
Speaker: When their games develop, they continue to create their economy, to adjust their new tokens, to reduce their new... I think there are two ways to do it.
Speaker: There are people who create big games and put an economy.
Speaker: There are some who work, there are some who don't work.
Speaker: And there are some who will do like them and who will work in trail-in and who will say, okay, we accept to do 500 players the first year, 2000 the second, 5000 the second, for being at 500,000 and 1 million in 7-8 years.
Speaker: I think it's something where it will be a little patient.
Speaker: I think.
Speaker: For example, for the aspect web 3.0, there is Ultra UOS, which is a platform concurrent to Steam, the equivalent of that.
Speaker: And at the moment, at the moment, in the current state, this project speaks much more, because we know in the video game on PC how much Steam has the main focus on the ecosystem.
Speaker: It's part of the other people who
Speaker: They're going to be a big game store, which is the equivalent of Steam.
Speaker: They're two great actors to share it.
Speaker: And then you have all the little ones with Origin, EA, Uplay, Ubisoft, etc.
Speaker: To have an actor who does the same thing, but with the same thing, it's about them.
Speaker: But they have the same problem.
Speaker: Actuellement, their launchers only offer that little bit of a game.
Speaker: It's starting to gross.
Speaker: But we're still very far from having the next Call of Duty, Battlefield, or whatever.
Speaker: We're there.
Speaker: But it goes in the right sense.
Speaker: Yeah, it's a little bit.
Speaker: It's a patient.
Speaker: Because after, the world, our global economy will lose a lot of productivity.
Speaker: When we have a great great great games and working on which there is a real economy.
Speaker: Our workforce will be completely decimated.
Speaker: TK?
Speaker: Thank you very much.
Speaker: With pleasure.
Speaker: Did you have some last words to share?
Speaker: The scene is to you before we leave.
Speaker: I think that, globally, we've talked about a lot of topics, but just continue to be curious, continue to be interested in the blockchain, in the cryptocurrency, in general, and continue to learn, because I think that even when we think about everything we've learned, there are still new things, so there's largely what to do.
Speaker: Thank you very much for coming.
Speaker: If you are still here, you have listened to all this conversation, thank you very much.
Speaker: Don't forget to follow us, don't forget to leave a comment.
Speaker: You know the value that it has for a minimum effort.
Speaker: In any case, don't hesitate to follow TK also.
Speaker: Super person if you haven't even heard it.
Speaker: He's a very good interest.
Speaker: He's someone who is very aligned, who is very intègre.
Speaker: and it is to preserve these important actors and ecosystem.
Speaker: Thank you and see you next time for a new episode.
Speaker: Thank you, bye-bye.
