THE INTERNET WILL NEVER BE THE SAME | The F'd Up Podcast ep. 2

ordinals went live like 3 months later and ordinals really started this whole idea of ​​building on top of Bitcoin, so now we have direct integration with Bitcoin, like two weeks ago we launched the beta version of our Ethereum integration right and that it's an RPC um evm. The integration is a little bit different than direct integration but still what it does is unlock the entire ethereum ecosystem so the ethereum mainnet l2s EV M is fine so now we have that integration underway throughout this year. continue to implement it, implement integrations, and I mean our goal is to basically get back to that idea of ​​um, we're not here to replace strings, we're here to amplify strings, so you know, salana, we're going to have um, we're going to have signatures from schnor that

will

unlock some of the other chains so you're integrating with salana that's essentially what's happening yeah that's huge guys I'm not a big fan of salana I think it's very very centralized but my followers know that I am not a big fan of salana.

I'm talking about how much the price is going to increase, it has the VCS, but that's a good thing for you because if Salana is the one, we know it. you don't, so there's not enough room and Mark Cuban says there's not enough room for 20 different chains, just like you have the Google, Microsoft, Amazon of the world, there

will

be winners that will be chosen in the In the next 10 years, will they be elected by VCS and by the governments or will they be elected by? We'll find out as time goes on, but Salana is one of them and a lot of people think he may be one of the chosen ones and it's good to know that you guys are working with them, you're integrating with them, so yeah, it's not like For Internet computers, we are not interested in picking winners or losers, that is the job of the free market. true, I like that salana can win by getting more customers on their site, getting more developers to build awesome apps, any of the chains you know from looking around, any of these guys can win by creating great great technology and then executing it in a marketing strategy, right, our job is not to pick and choose, it's like, hey, you know what would happen if you built on Sal, if you built on ICP, you can, you can access the salon community, you can do salana nfts, uh you know you can, now you have You know, buy Salon nfts with Bitcoin using the

internet

computer like it's that intermediary between those two chains, so the goal is to be able to essentially correct me if I'm wrong, you guys make everyone integrate with you and then, if you want. to build or buy or whatever you can choose from wherever you want to go yeah yeah basically yeah just do it so the developer can do what I want and what I definitely want is for the developer to build the product that they want to build . right, a lot of times they have to like it, they have an idea for a product and they think this is a great idea and they have to make trade-offs right because the technology doesn't support it or maybe they like the chain they want. move on but that chain doesn't have a big community so they aren't sure if it will be popular or not forget everything that allows the developer to build the technology they want to build or the product they want. build it in ICP, it gave you all these opals for what you want to do with them and then let the free market decide from there.

I like it, I like free markets, you know I like free markets. I'm a big fan of free markets real world utility, so

internet

computer real world utility, so it's like asking if there is a real world utility of AWS, like again, the goal, the goal, this is probably a good clarification, you know if your application, if an application not. I don't need those key aspects of blockchain decentralization, transparency or privacy, depending on how you want to look at it, digital ownership or cheap financial rails and fast financial rails, if your app doesn't need those things, just build it on Google or build it. on Amazon like that okay, that's how the world works now, yeah, but the real world asset that's building you know you can't build those four things in your Google app or your Amazon app, and that gets to the key to something like that. um Builders that build apps that use those things um I mean we could probably talk if you want a real world utility in terms of like you have a chat open with its um, you know, instant, you know, basically replacing Telegram, but completely.

I know it can't be that Facebook can't buy it like WhatsApp was bought, you know, because it's an open chat owned by a dow and totally controlled by a dow. um, you can send cryptocurrency at a very low price, you can send Bitcoin through open chat. um you can send uh now you can send ethereum through CK and um so you know you can send you can send payments abroad through your chat messages with your loved ones in the open chat. I heard that yes, open chat is very popular, yes, and then from since What I understand is that this is all a Great Vine thing, but they want to become more than what you're saying, they want to be like a networking platform all-in-one social, like coming here and doing everything, yes, they are about to do it. launching video chat video chat on blockchain okay, that team is absolutely crushing it crushing it.

I like that, so think about your Google meet or your zoom on a blockchain so you have privacy, you don't have anyone, um you. you know scanning is basically like extracting your data, all that kind of stuff, um, and again having those easy financial rails and then, uh, you can talk about dmail being a decentralized mail app, so now you have privacy, you don't have than Gmail scanning you. Know all your information and privacy. I tell everyone all the time that privacy is huge, it's huge, it's huge for people, it's even bigger for companies, for example, if you want to make money, you sell a company a privacy app, you know, because that's how they.

I know that a company is only as good as its intellectual property rights and its employees email their intellectual property. um I worked for um in an IT department before I joined Affinity and I can't tell you how much money he spent just trying to win. I'm sure just like company data, company data is not leaked so there are always people trying to hack it and I know one thing with you guys is that there is no back door so I understand, it is very difficult to do so. controlling the Dow properly, governance of the Dow, yes, it's practically impossible, as I understand it, yes, I want to talk a little bit about Defi and um, we were talking a little bit about that there and what's coming with Defi because one of the things that People hate ICP for the fact that you guys don't have a lot of money locked up, there's not a lot of money locked up in Defi and I'm very good with Defi, I think Defi is going to be huge. in the future, uh, Kathy Wood talks about defi all the time, right, um, so can you talk a little bit about that?

You know what you guys are coming for defi um, you know the growth and yeah, yeah, so there's a couple of things coming up. I mean what I said about the multi-chain right, right now, like 3 weeks ago, you can go from Bitcoin to eth, you know, or from eth to Bitcoin in a decentralized way without kyc right, so that's up so. it was only possible on thorchain, thorchain makes $2 billion in uh, you know, uh, trades per day, basically, so now you know, Sonic, uh, on the internet computer, uh, ICP Swap and Helix, though Helix requires kyc so maybe I'm pulling them out just for the context of this this statement but now you have three apps on the internet computer that are directly competing with thorchain that's making $2 billion son when when will it be released Sonic, you know?

Sonic Sonic V2 is out Sonic V3 I think it's just waiting bitfinity will be released and when that will happen. Vinity is the most important thing I want. I forgot the name. Vinity. I want you to go over that a little bit because that's going to open up massively. From what I hear, yeah, so again, we have Ethereum integration, Bitcoin integration, one of the problems is when most people build on Ethereum right now the program and the robustness, that's the language of programming you know, Bitfinity is building an evm. on the internet computer so that you can program robustly so that developers can easily continue there, but what makes it unique from all the other EVMS is that it will have that direct Bitcoin integration, so for the first time you will have an evm which has direct Bitcoin integration and therefore those bitco ethereum developers can take advantage of Bitcoin liquidity, yes, Bitcoin liquidity and Bitcoin user groups or communities, that will be huge, especially with the ETF and Bitcoin, now everyone gets into Bitcoin, yeah, this is this. it's a perfect time for that to happen, it's hard, it's hard to overestimate how much our industry is focused now on bitcoin and how ahead of the game, uh, the internet computer will be on that front in 2030, okay, because I talk a lot with my followers.

You'll hear me say this a lot in terms of making money and where technology is going. I think we're still like 1998 technology in terms of going backwards. We're there, now people are starting to hear about it. The right people are getting into this, but it's still not very user-friendly. My grandmother would have no idea how to use some of these things I told you about in 2030. Where are we going to be and where? You see yourselves in 2030, yes, a good parallel. I'm going to confess my age on this, but I remember when eBay launched, yeah, and eBay when it first launched, they would post your, you know, let's say, like your bike for sale on eBay, someone would buy it, they would win the auction. and I would send you a check by physical mail, like by mail, yeah, and then the seller would receive it, deposit it, and then they would send it to you. your bike there is no other way to pay other than sending a check in the mail.

A couple of days would go by and I remember my dad was doing that. He got scammed a couple of times. Oh yeah, so that was, I mean, it was like a 3-e process. that's where we are today, that's the comparison, that's how early we got there, yeah, the idea that you're trying to use some ethereum and then you want to buy an ordinal and now you have to go to a different website. and switch to some Bitcoin and pay all these gas fees and then come back and then do all your activity like that process is done when you hear it a lot here, they say account abstraction or chain abstraction, it's going to be where all those tokens they just take it away, the user doesn't care if it's madic or avac or whatever they have in their wallet, they can spend it and buy whatever they want and then honestly there will probably be some consolidation because you think that's coming in 2030, oh, our industry won't exist if that doesn't come by 2030, we have maybe three or four years to get there before we lose the We have the opportunity to have mass adoption like our industry has to go in that direction, that's exciting, being able to go and buy things, do what you want and not have to worry about the currency you have, they can accept it even if they don't have it.

They don't like it, they can accept it and then transfer it to whatever they want, yeah, that's going to be very important, it's just one and we're wasting our time here, but I'll just say across the board, like that user. experience like in the future you are not going to know if you are using a web 2 or web 3 application, your user experiences will be the

same

as what you think will come before 2030 oh yeah, oh yeah, that's huge and And I know we have to finish with this, but the last thing I want to tell you is that if you're wondering why I keep looking at my phone, I'm on my live while I'm talking to you guys making this video. but that's huge, I mean, not knowing that you're using web 3, not knowing that you're using blockchain, right?

It just happens smoothly, you think that will come in the next few years, I mean the idea of ​​a similar website. 2 or web 3 will just be knocked down and just be products, right? You are going to use decentralization again. Financial rails. Digital property. Transparency. This was awesome, we'll have to do this again when we have more time because I bet we have a lot more questions for you, oh yeah, I'm happy to answer them, yeah, yeah, so we have to set something up again, but anyway, I appreciate everything . you