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2022 - NFT's are getting simplified in Episode 25
7 Plays3 years ago
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Transcript
Introduction and Welcome
00:00:01
Speaker
Hey everyone, welcome to the Expat Brat Podcast show, blah, blah, blah, and yeah, thanks for tuning in.
00:00:11
Speaker
I hope you're having a great day because I am, I
Unexpected City Kindness
00:00:14
Speaker
am.
00:00:14
Speaker
I had the most incredible experience this morning.
00:00:18
Speaker
I went for a walk.
00:00:20
Speaker
And this guy driving just did the most stupid thing and most dangerous thing I've ever seen someone do.
00:00:29
Speaker
I was at a crossing and I saw a few cars like about to go.
00:00:37
Speaker
So I stopped waiting, you know, expecting them to just rush off because, you know.
00:00:43
Speaker
We're in a big city.
00:00:44
Speaker
Everybody's a mover and shaker and it's early morning and everybody need to be where they need to be.
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Speaker
Right.
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Speaker
Everybody's important.
00:00:52
Speaker
And I was looking I was busy looking at my Apple watch because I was like, I might as well use this time to check how much I've walked and blah, blah, blah.
00:01:01
Speaker
And I realized this guy had stopped for me.
00:01:06
Speaker
And I was like, that's crazy because there are like four or five cars behind him.
00:01:11
Speaker
And he waited, even though he saw me waiting, looking at my watch until I realized.
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Speaker
And I had to trot across real quick out of embarrassment just because he was so nice to me.
00:01:21
Speaker
And here's the other thing.
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Speaker
Like no one honked.
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Speaker
I'm just in shock, guys.
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Speaker
I was totally blown away by what just happened.
00:01:31
Speaker
And I wish all of those people a blessed day ahead.
00:01:34
Speaker
I hope prayers really work because I really want to wish them a blessed day for what they all did this morning.
00:01:42
Speaker
Incredible.
00:01:43
Speaker
That guy, brave as hell.
00:01:46
Speaker
Although I was a little annoyed because of the embarrassment, I had to kind of do this funny trot across, you know?
00:01:52
Speaker
Like, oh, thank you.
00:01:53
Speaker
You know where you look at the car and you're kind of nodding, like, thank you very much, and kind of rushing through.
00:02:00
Speaker
And my knees are still recovering, so I can't just trot into a run real quick.
00:02:03
Speaker
So it was a very awkward thing.
00:02:07
Speaker
I think the guy looking at me must have gone, oh, I stopped for this.
00:02:11
Speaker
Like, this guy...
00:02:14
Speaker
But whoever you are, thank you very much.
00:02:17
Speaker
That was incredible.
00:02:18
Speaker
I'm telling you guys, that was incredible.
00:02:21
Speaker
And I'm always amazed when people are just nice, you know.
00:02:23
Speaker
Hey, maybe I come across a bit cynical by saying that, but it's still, you know, I have lower expectations of humanity.
00:02:33
Speaker
I mean, come on, look at us.
00:02:35
Speaker
Look at where we are now.
Skepticism on NFTs
00:02:36
Speaker
Like, here's what I'm looking at these days is the NFT thing.
00:02:40
Speaker
And I'm trying to be neutral about this, yeah?
00:02:42
Speaker
All right, so here's my take on it.
00:02:44
Speaker
I'm going to save you some time.
00:02:46
Speaker
If you're here because you're expecting some advice and for someone to go invest in it now, then there are enough people out there saying it.
00:02:56
Speaker
My take on it, on that particular note, I'll save you some time by saying, I think if you're in it to get rich, you're too late.
00:03:03
Speaker
Okay?
00:03:04
Speaker
Like a quick buck and stuff, it's too late because too many people have got into it.
00:03:09
Speaker
There's a bubble.
00:03:09
Speaker
There's a bubble.
00:03:10
Speaker
Your chances of hitting that thing that will be bought over by some celebrity or multinational company like Nike and all these guys doing it.
00:03:21
Speaker
They're slimmer.
00:03:22
Speaker
They're so slim.
00:03:22
Speaker
You might as well play the lottery.
00:03:25
Speaker
That's what I think.
00:03:25
Speaker
I think you're gambling at this point and you just play lottery.
00:03:29
Speaker
Okay, so I'm just saving time for anyone who is like, tell me the secret.
00:03:33
Speaker
Where do I buy?
00:03:34
Speaker
Where do I make the next million bucks?
00:03:35
Speaker
Because if I knew that, if all these people podcasting,
00:03:40
Speaker
or on YouTube, we're telling you, we all knew, then why the hell would we be spending time podcasting?
00:03:48
Speaker
I don't, here's the cynic in me again, right?
00:03:51
Speaker
I would be spending my time, at least a lot of time, trying to help you get richer and get in on this thing that I have that's minting me money and this whole feel of community and kumbaya.
00:04:04
Speaker
I do, goddammit, I do sound so cynical.
00:04:11
Speaker
But honestly, you got to always ask yourself, why would all these people be doing it?
00:04:16
Speaker
And there are good people out there who might give some advice here and there.
00:04:20
Speaker
And maybe you do this or that, but not at the level we're at, man.
00:04:26
Speaker
So there are too many people.
00:04:27
Speaker
So like I said, if you want to gamble, if you think, go ahead still.
00:04:31
Speaker
But I doubt you're going to get lucky like that way.
00:04:35
Speaker
You'll still keep hearing stories.
00:04:38
Speaker
about someone, oh, you know, I bought this and then it just shot off and good for them.
00:04:43
Speaker
And like I said, you could get that lucky, but you could do that by like gambling as well, you know?
00:04:49
Speaker
So there's no guarantee of anything with this stuff anymore.
00:04:52
Speaker
Too many people, too much bubble around it already.
00:04:58
Speaker
All right.
00:04:58
Speaker
So that taking care of that thing is
00:05:02
Speaker
What's the deal with NFT?
00:05:03
Speaker
All right.
00:05:04
Speaker
So I'm no expert and I don't think anyone is because it's so new that most people are just kind of... Here's why I sometimes think something's a pyramid scheme is when you start hearing everyone kind of saying the same thing and the same talking points.
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Speaker
So you start going... Someone spread these talking points to people around and everyone's parroting it.
00:05:30
Speaker
And so you go...
00:05:31
Speaker
Yeah, you know, your point to convince me, it's all rote.
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Speaker
You catch that, all right?
00:05:38
Speaker
So they're all just repeating something someone said on their videos and everything, and it amplifies, and people start believing it more and more.
00:05:45
Speaker
So...
00:05:47
Speaker
It's the same marketing kind of thing.
00:05:49
Speaker
You know, getting on it before you don't have a chance and look how much I made or someone else made.
00:05:57
Speaker
And if you buy, then I buy.
00:06:00
Speaker
It's a pyramid scheme, guys.
00:06:01
Speaker
So that's the other problem with it now.
00:06:03
Speaker
And I don't mean the technology itself.
00:06:05
Speaker
I mean the market around it.
00:06:07
Speaker
All right.
Future of the Metaverse
00:06:08
Speaker
Most things are some sort of pyramid scheme anyway, I guess.
00:06:12
Speaker
But this is this is way too much of a pyramid scheme at this point.
00:06:17
Speaker
So go in if you want.
00:06:18
Speaker
Right.
00:06:19
Speaker
Like I'm constantly just kind of going do it if you if you want to.
00:06:24
Speaker
But here's, and so this is what I mean when I say no one really, really understands it.
00:06:30
Speaker
Very few people who are tech, who are probably in this industry or know the know-how of it.
00:06:37
Speaker
Everybody else is doing that superficial bit, okay?
00:06:41
Speaker
Having said that,
00:06:43
Speaker
Here's my take on it.
00:06:45
Speaker
Here's my understanding of it.
00:06:46
Speaker
It's JPEGs with a password.
00:06:51
Speaker
I'm simplifying this.
00:06:53
Speaker
So that no one else can own your JPEG at all.
00:06:59
Speaker
Right.
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Speaker
That's that's what it is.
00:07:01
Speaker
It's coded pictures.
00:07:05
Speaker
All right.
00:07:07
Speaker
And the thing everyone kind of keeps telling me is that and I'm not against it.
00:07:12
Speaker
You know, it's new technology.
00:07:13
Speaker
Who knows?
00:07:14
Speaker
Who knows?
00:07:15
Speaker
Let me give you a little disclaimer.
00:07:16
Speaker
Blockbuster didn't buy Netflix.
00:07:18
Speaker
You hear stories like that all the time.
00:07:20
Speaker
Companies that didn't adapt.
00:07:21
Speaker
People that didn't adapt.
00:07:24
Speaker
And I could be one of those.
00:07:25
Speaker
All right.
00:07:25
Speaker
So I could be just old fart going, new technology.
00:07:31
Speaker
And and so you might not want to listen to me.
00:07:34
Speaker
I don't know.
00:07:34
Speaker
All right.
00:07:37
Speaker
But but but I don't know how good and how this technology will actually apply.
00:07:44
Speaker
But that's, you know, if it's not exactly I'm really simplifying it, but that's what it is.
00:07:49
Speaker
But and here's the problem with it.
00:07:51
Speaker
You kind of go.
00:07:53
Speaker
Yeah, you got the password.
00:07:54
Speaker
No one else can own the JPEG.
00:07:55
Speaker
You do JPEGs.
00:07:57
Speaker
And but it's not regulated.
00:08:00
Speaker
So how do I know someone else doesn't create another one somehow or I don't know?
00:08:04
Speaker
There's a lot of cheating going on as well from what I hear.
00:08:06
Speaker
You can just take anyone's art and upload it on yours.
00:08:09
Speaker
Once you've done it, it's yours, right?
00:08:11
Speaker
So it's unregulated that way too.
00:08:12
Speaker
It's a little bit of a wild, wild west kind of thing.
00:08:17
Speaker
Maybe I might be wrong about it, but that's my understanding of it.
00:08:19
Speaker
So...
00:08:21
Speaker
So that's what it is.
00:08:22
Speaker
And then people go, yeah, but we're setting ourselves up for the metaverse.
00:08:27
Speaker
You know what that means?
00:08:29
Speaker
Most people in the future will be living online virtually.
00:08:34
Speaker
All right.
00:08:35
Speaker
And and you call me a cynic.
00:08:39
Speaker
So I've spoken to a few people who believe in that and they go, it's because the world, we're not listening.
00:08:44
Speaker
The world's going to become harder to live in and people will just live in smaller spaces.
00:08:49
Speaker
So they'll prefer living in their nice virtual world.
00:08:51
Speaker
And I'm like, that's a plot for Matrix in some ways, but okay.
00:08:57
Speaker
And so by investing in this, you're making your virtual world better.
00:09:01
Speaker
And
00:09:03
Speaker
I just don't buy it, man.
00:09:06
Speaker
I don't think humanity will do it.
00:09:10
Speaker
What will happen?
00:09:11
Speaker
Well, you'll stop reproducing because you're kind of virtually on.
00:09:15
Speaker
You die at some point and all the people who chose to live virtually will die off.
00:09:20
Speaker
Unless you go out and live as human beings and balance it out.
00:09:24
Speaker
And some people have pointed out, oh, but, you know, look at the kids are always on the iPad and playing video games and whatnot.
00:09:30
Speaker
Yeah, I get it.
00:09:30
Speaker
But I did, too.
00:09:31
Speaker
I lived in my imagination.
00:09:33
Speaker
But reality hits.
00:09:34
Speaker
You got to pay rent.
00:09:35
Speaker
You got to go out.
00:09:36
Speaker
You want to meet people.
00:09:38
Speaker
There's nothing like human touch, I think.
00:09:43
Speaker
And people will forget that.
00:09:45
Speaker
I'm not sure.
00:09:46
Speaker
I don't know.
00:09:47
Speaker
There'll be some kind of craving.
00:09:48
Speaker
The virtual world people might be empty at some level.
00:09:53
Speaker
I don't think it's going to go that way.
00:09:55
Speaker
But again, like I said, what do I know, man?
00:09:58
Speaker
I'm an old fart.
00:10:00
Speaker
We're not doing anything about the climate crisis, so I don't know.
00:10:06
Speaker
I don't know about this.
00:10:07
Speaker
But to decorate your house, NFT.
00:10:09
Speaker
So I guess you invest in NFT so when everyone goes virtual, you'd be like, hey, I got this original, what is that, Bored Ape?
00:10:20
Speaker
painting in my virtual wall and show it off to other people or appreciate it if that's what you think you're actually doing.
00:10:29
Speaker
Yeah, that's what it would be, right?
00:10:32
Speaker
So the bet is, I think at the end of the day, will people actually just start living virtually and
00:10:40
Speaker
Right now, I'm kind of leaning on no.
00:10:43
Speaker
We'll find a way back to being people who require real touch and being with people.
00:10:51
Speaker
I mean, just look at how much people I've hated being online on Zoom and working that way.
00:10:57
Speaker
There's so many people are like, I want to get back to the office.
00:11:00
Speaker
Can you believe that?
00:11:01
Speaker
Or I want to just go out and see people.
00:11:04
Speaker
There's an uptake on the number of people coming into the standup shows that we're doing here in Dubai right now.
00:11:10
Speaker
And I think part of that is because you're like, man, I'm so sick.
00:11:13
Speaker
I want to be in a life.
00:11:14
Speaker
I want to experience that again.
00:11:16
Speaker
So I think people will always rebound to some balance of that.
00:11:21
Speaker
All right.
00:11:21
Speaker
So hence, I don't know how this NFT thing works out then.
00:11:25
Speaker
You know, there will be some people, I guess there might be still a market.
00:11:28
Speaker
Yeah.
00:11:29
Speaker
And who knows?
00:11:30
Speaker
Who knows?
Investment Wisdom and Human Resilience
00:11:31
Speaker
That's that's the gist of NFT technology as far as I'm concerned.
00:11:35
Speaker
And then obviously everything links to it because then I guess you'd need crypto to buy and sell it and whatnot and live and sell and buy everything online.
00:11:45
Speaker
But here's one thing I'll add to that.
00:11:47
Speaker
All right.
00:11:47
Speaker
So that's that's a very basic.
00:11:50
Speaker
I know anyone who really understands NFT is like hating my explanation right now because I made it very basic.
00:11:56
Speaker
But that's the gist of what I get off it.
00:11:59
Speaker
All right.
00:12:00
Speaker
If you do your own research, you'll find out more.
00:12:02
Speaker
Maybe you think, OK, go down that rabbit hole if you want.
00:12:05
Speaker
I've tried a little bit.
00:12:06
Speaker
I've kind of peeked into it.
00:12:08
Speaker
I leaned over and I peeked into the hole and this is what I got.
00:12:11
Speaker
I kind of dangled in.
00:12:13
Speaker
I had someone hold my feet and I went just a little bit in to experience it and then they pulled me out.
00:12:21
Speaker
That's my experience of it.
00:12:22
Speaker
If you want to jump in and really feel it, go ahead.
00:12:26
Speaker
Tell me, change my mind or don't.
00:12:30
Speaker
Just make money off it and then turn to me and go.
00:12:32
Speaker
What's up?
00:12:33
Speaker
You suck, you poor, poor person.
00:12:37
Speaker
I don't know.
00:12:39
Speaker
Do that.
00:12:39
Speaker
But here's the thing.
00:12:41
Speaker
Here's the thing.
00:12:42
Speaker
I still think you can make some money off crypto maybe, but not NFTs, not so much.
00:12:49
Speaker
But even if you did go, here's my advice.
00:12:51
Speaker
All right.
00:12:52
Speaker
You got to take away the emotion from it.
00:12:55
Speaker
Okay.
00:12:55
Speaker
This is layman advice for you.
00:12:59
Speaker
Take away the emotion from
00:13:02
Speaker
look at your account and go, what amount of money is money that I, if I lost completely, it wouldn't make me want to jump off a building.
00:13:15
Speaker
All right.
00:13:16
Speaker
Like what's that amount?
00:13:19
Speaker
What's the amount, or if you want to take a little bit more risk, what's the amount that I won't need for a year?
00:13:26
Speaker
All right.
00:13:27
Speaker
One year.
00:13:27
Speaker
And you take that amount, either one, depending on your risk level, and you put that in.
00:13:33
Speaker
Okay?
00:13:34
Speaker
You wait for the next dip when everyone's like, oh, shit, it's crashing.
00:13:40
Speaker
And then you buy.
00:13:41
Speaker
All right?
00:13:41
Speaker
So it's a patient game, I'm telling you.
00:13:44
Speaker
You put in that money, and within six months to a year, you're
00:13:49
Speaker
It'll rebound for sure right now because the market is volatile, young, and people are still getting into it.
00:13:56
Speaker
And then sell it at a profit.
00:13:58
Speaker
That's it.
00:13:58
Speaker
That's the safest way I can tell you to make money off it and still be involved.
00:14:03
Speaker
But like I said, you got to take the emotion out.
00:14:05
Speaker
So no wavering, no going, oh, my God, it's falling even further.
00:14:09
Speaker
You're in.
00:14:10
Speaker
You're in.
00:14:10
Speaker
You got to go.
00:14:12
Speaker
Don't touch it.
00:14:12
Speaker
Don't look at it.
00:14:14
Speaker
Just keep an alert on it.
00:14:15
Speaker
And you can set that up on these apps.
00:14:18
Speaker
Set up an alert to go, when it hits this point, sell.
00:14:22
Speaker
Don't be greedy.
00:14:24
Speaker
Or have a higher goal if you want.
00:14:27
Speaker
Once it hits 20% increase or 50% increase, whatever it is, do it and then have that money and be satisfied with it and get the hell out of that market.
00:14:37
Speaker
So just make that one time big play if you want.
00:14:41
Speaker
With money, you can afford to lose.
00:14:44
Speaker
investment advice from someone who's done a lot of bad investments throughout their life and lost a lot of money investing money cool so i can tell you what's what not to do i've learned from a lot of expensive mistakes so so i think you know i think i got it finally all right uh that's that's my take on nfts and and everything behind it there's so much more but dude that's that's like the basic thing and all that you need to know i think all right
00:15:09
Speaker
Now what I'm going to do is I'm going to go off and become an NFT expert and proclaim that and call myself a guru because there's no certification for it, right?
00:15:20
Speaker
And build a following on that and make a lot of money because you know what?
00:15:24
Speaker
In general, humanity is kind of like falling apart anyway.
00:15:28
Speaker
So I might as well cash in, right?
00:15:31
Speaker
Have you noticed how that happens?
00:15:32
Speaker
People...
00:15:35
Speaker
Like I'm warning people right now and there are people like looking at it and warning us about like bubbles and shit.
00:15:41
Speaker
But you just see people in like one car just heading towards a cliff and no one, no one like is listening.
00:15:49
Speaker
So they keep going, going, going and you're like, no, stop the car.
00:15:52
Speaker
But but they're just, you know, you're watching this car and it's and it falls off the cliff and most of the people in it.
00:16:00
Speaker
They're dead, right?
00:16:02
Speaker
But then there's some that survived because they landed on top of those other bodies and kind of got away with a few bruises.
00:16:11
Speaker
And here's the funny thing.
00:16:12
Speaker
Some of them will rise up and still not learn their lesson and get into another car and just be fighting within it until it goes crashing again.
00:16:20
Speaker
While some of them will be like, oh, my God, I got to tell people about this.
00:16:23
Speaker
This is terrible.
00:16:25
Speaker
And they'll look at other cars and and try to stop those cars.
00:16:29
Speaker
But, you know, the same thing keeps happening.
00:16:31
Speaker
And then the people who survived will get into one more car and they'll start fighting about how to stop people from falling off a cliff in that car.
00:16:42
Speaker
We'll go down too.
00:16:43
Speaker
So it's, guys, you get the picture, right?
00:16:46
Speaker
It's an endless mess.
00:16:47
Speaker
We just don't listen and no one stops and no one will.
00:16:53
Speaker
Humanity is funny that way.
00:16:54
Speaker
I love it.
00:16:55
Speaker
I love it.
00:16:56
Speaker
And yet somehow we've come this far.
00:17:00
Speaker
All right.
00:17:01
Speaker
So I'm going to leave you with hope that someday, somehow we will all get through this and we'll become better.
00:17:09
Speaker
Because stats, when I listen to certain people, they say overall humanity is in a better place overall.
00:17:16
Speaker
So if we can get our shit together with like...
00:17:25
Speaker
with some of these major issues that we have, some of the stuff will always keep going, but the ones that might kill us, then hopefully it'll be cool.
00:17:35
Speaker
All right?
00:17:36
Speaker
I'm ending on a happy note because I started on a happy note because I had a great experience this morning.
Closing Remarks and Support Request
00:17:41
Speaker
I hope and wish you a good week ahead too, guys.
00:17:44
Speaker
Gotta go.
00:17:46
Speaker
Like and subscribe and share this and leave a rating.
00:17:50
Speaker
It helps.
00:17:51
Speaker
And leave a tip on my Patreon thing financially that helps me to keep this podcast going.
00:17:59
Speaker
So thank you very much.
00:18:01
Speaker
Take care, guys, and speak soon.