In this blew my mind Austin, I'm gonna go ahead and jump back onto our timeline 2012. What happened in 2012? Because I didn't realize this was a, you know, in my mind, this company started in probably about five years ago. Six years ago

2012, we witnessed the initial launching and initial genesis of a cardiac Chris cracking his green safety helmet. So this was even a crash course, given up his IP given up his data had given up control of his money to a lot of previous institutions. And he went into a full Crash Course of using Coinbase. So and I don't know if cardiac Chris actually use it or not. But Coinbase launched in 2012. And that was the first cryptocurrency exchange, and 2013. It raised $25 million. And, you know, what was some of the significance around that? And why is that important? Well, I recently listened to a podcast, featuring the Winklevoss twins, which had their hands in a lot of web to software development. And, you know, historically, the battle with Facebook, Mark Zuckerberg, but the Winklevoss twins are the founders of Gemini. And Gemini is another cryptocurrency exchange. And they had said something along the lines of when they first heard about Bitcoin, there was nowhere to get it. And so they had to go to a website that hosted Magic the Gathering. So Magic, the Gathering was a game, the trading card game, and on that website for whatever reason they sold Bitcoin. So I don't know how that came about. And this is just a story. So I don't know how accurate it is. But when they're explaining that it dawned on me, where did you get the Bitcoin from? How would you go and find it. So even get involved in Bitcoin she doesn't, it doesn't change 11 to 12 had to be extremely difficult. And as Beverly said earlier, concerning, because you'd have to link your bank account and wire funds and credit cards to random sites it you had no clue if they're legitimate or not. So there's probably a whole lot of scams at that time, where people were sending probably buy bitcoin from the website, but we bought it never got to that point. So 2012 is a launching a coin base. And I really love just even listening to everything which comes up and talks as a UCLA professor. And that's a lot of insight and a lot of knowledge that she brings to the table. And it's really fascinating, just learning as she's an educator, actually educating the future of the workforce, the future generations of entrepreneurs and problem solvers. And the fact that we're able to get an education around blockchain, even now is, is actually pretty damn cool. I gotta say, I'm a cardiac Chris 2012. Yes, you've got your crash course and cracked your green helmet. But also, that was the launching of Coinbase crypto Simba, God, and thanks for coming up here. There's something you wanted to comment on evolution of the Internet, and also the difference from decentralized and centralized.

Thank you. Thank you very much, Austin. For cubish. It feels like that's right. Sorry. And this? Yes. Sorry. Yeah, thank you very much for giving me the opportunity to speak. Congratulations on getting the space off again. Yeah, I think we've seen we're seeing quite a transformation from from those from those early days, right. My first introduction to to the internet was I was in grad school, working on a token ring network with, you know, engineering workstations and the like, and I could have never imagined what was going to unfold. And then moving towards this notion of monetization of the, the internet, I think, you know, there's lots of papers written about that, about this, the original sin of the internet, and how, because it was, it was the internet was funded by national programs and national institutions, the idea of making a profit was wasn't acceptable. And therefore, it led us through this whole web to and how applications were, were, were developed and monetize, leading to, you know, Google and Facebook and the like. And then, and then with this paper that Satoshi came out with, you know, what we have is a whole new way of doing things much more effectively and efficiently. And I don't think the people at large really understand or appreciate it, I think we're so early into the system, that we can't really appreciate what what transformation is going to come about from it. And for that matter, even I think, to fully to fully take advantage of this architecture will take some time because we need to get some some other things in place first, and I'll explain that. So, but I you know, I think there's been too much hype around around the Bitcoin and the have the ability to make money quickly. And we saw that with the 2019 2020 with NF T's. And the idea was it's all about making money quick. And I think the idea is that it's allows us really to do things more effectively, efficiently. And eliminate sort of the the middleman, and, or intermediaries, if you don't call it that. And so we're early in the game. I think, again, we have challenges, because if we want to put things like titles on land titles on the blockchain, I'm looking at this phrase, for example, in, say, in Africa, you know, we don't have digital IDs, we don't have everything that's put into GPS form, and, and digitized. And even the education around what does it really mean, if I didn't really own my own file, and there's no, nobody there that can corrupt or change the system. So, so thanks for coming, you know, as as, as we get to appreciate and understand what this is beyond just, you know, get rich, quick thing. I think we'll we'll see some wonderful things happening.

I hope in here, and that's amazing. I hope, I hope this push and technology gets all the technology to do places, you know, in Africa, like you're talking about, because, I mean, that's something that most people use generously, easily every day, right? It's basically just a GPS location. app. Right. And, and it's, you know, in how much can small things like that getting the pieces that you're talking about? How much can that affect everybody's life, right? That's, so I hope this big push pushes everything, you know, forward and gives the ability to to get all the things and luxuries because there are luxuries all over the world, people who can utilize it and better themselves with it. Right.

Right. You you make an interesting point that so and I was just watching on the BBC, there was a documentary about El Salvador and Bitcoin and the experiment that they're going through. And one of the points that came up was about this, about remittances and the ability to transfer money from, from one place to another, without incurring significant fees, right. And so they were talking about this, this family where, you know, the voter is sending her mother's money from Guatemala, and Nixa significant differences, like you want to send, you'd like to send a couple 100 bucks is going to cost you 20 to $30. That's outrageous. So I think we've seen that in particularly in Africa, we've seen how families and Africans in the diaspora can send money to their families at a fraction of the cost. And so that's, I think that's, that was the first real great use case. And as I said, I think from from the hike that was built around Bitcoin, and what happens, what have you is you have all these stories of success, and then people getting robbed and losing their funds because of because of bad actors, right? And there's a there's a documentary on Netflix called the King of Bitcoin and Bitcoin King, it's called Riga. It's about this Canadian outfit. Centralized exchange, right. Which was basically somebody defrauding a whole lot of Canadians, and with the promise of getting them their cryptocurrency. It was, it was a total Sham. It's quite sad. And I think we're still going to see this, these these issues with, you know, bad actors and people taking advantage of the naivete of others, and maybe out of out of a need for greed or what have you. I certainly think that, you know, in Africa, when we look at the context there, it's like, you know, people are making so little money that the the hope of making something big and, and getting out of your situation is very, very alluring. That we have to be patient, and that you promised them look, put down a little bit of money, next video 10,000 and 100,000 times very quickly, that's that's hard to pass up on. Right. And, and so working on FOMO and flood.

Yeah, and I actually thought I thought most that documentary talking about, it blew my mind. But it was, again, that keys back to everything that we talked about education, and in getting because basically what that guy was doing was he had a single wallet address or two, and he was doing all the transactions for everybody out of his one Wallet. So when he decided to disappear or die, or whatnot, you know, he helped hold held everybody out. That's like the super. That's like the super duper centralization, right? He held everybody's assets in his wallet, or the company's wallet or whatever. So that's, that's like a Like, back then, you know, like, what were the options? We talked about that earlier with Beverly, you know, like, the ability to get on there and purchase Bitcoin was not as prevalent as now. So you, if you, you had to take it you didn't have to but if somebody pitched it to you, you were willing to take the risk for the reward. Right?

Yeah. And I remember hearing about terms like mining, which I could not relate to, I didn't understand. And again, because of because of the narrative and the stories related around this, use it with the Silk Road, and then some, it didn't leave a very, very favorable impression with me. And so and then later on in 2017 2018, started to hear more news about Bitcoin and the price and what have you, but I mean, I first heard about it as long seminar in 2019. But it wasn't until, you know, Patrick Coronavirus, involved with with me is that we actually found sort of a sense of comfort, right? That we trusted someone that would will help us navigate the space.

So, real quick, ray of light funky. So out there. I had you out there you guys come up. I just had a question kind of related back to ask you to crypto Samba. I like to I like to make like to make references, reference points and stuff. And so I invite everybody up here to come up here and answer this question. But so in 19. So often I would go through a timeline, right. So in 1979, I just picked the page out of the thing that we reviewed earlier today, in 1979. Mud was a precursor to World of Warcraft. And second life is developed. muds are entirely text based virtual worlds. So World of Warcraft, it wasn't a 1979. But these were the precursors to these these arising. When was the first time you heard of, you know, let's say world Warcraft, because it was pre Christian 1979 Like, that blows my mind that it was that that long ago?

I can easily answer that. I mean, it wasn't until recently, I wasn't very much into gaming at all. So certainly don't know anything about what is a

World of Warcraft? Yeah, so I'm not a gamer, either. And I heard about it late 90s You know, like, that's not like late. 90s like 99 So like, you know, the thing that those ideas and concepts were really precursors in world Warcraft. pug wasn't too far after that. How about you funky?

Yeah, man, I grew up during all of this. I was born in 97. So honestly, a lot of this is before my time. I just got to experience like, the last little bit of it. I started playing Runescape when I was like, 11 or 12 I had some friends that played mine. Not Minecraft. World of Warcraft. But, but But yeah, no, I just got to experience the end of it.

Yeah, when I was in college, we were playing Dungeons and Dragons. Right? That was the big game. We played

World of Warcraft in real life. And it

was I can tell you maybe it is I only heard about Minecraft. When when you know, my cousin's, you know, had kids and you know, they tell us I grew up playing this game, right.

The guys laugh at me right now. I did not I said 99 Well, the workout because Google didn't come out to 2004 Okay, all right. That's about right. I'm usually like, you know, I'm not white. I'm not right on the time. Well, this is what

2004 You know, I moved to Syria and in Central Asia is in stone. And so I kind of went backwards, you know, I had to get a phone and, and dial up and stuff to just get internet access again, after having lived in California and selling, you know, state of the hardware on software, sorry, to manage devices. And so

that is quite a life a life changing experience. Yeah,

yeah. So 2004 and through 2012, I was kind of like in the Dark Ages. Working where I was local communities and civil society organizations and health in itself.

Crypto Simba, you offer a lot of wisdom and love, love and pop up here and share your education and experiences with us to always learn something and like grow brain cells, which I want to invite you back to join us on Wednesday, and be one of the guest speakers for us at The timeframe, you know, we'll get with you will be around the same time of night, starting at 8pm. Eastern. So okay, I'll invite you back in. But when asked me this because we asked us to Beverly early, right with, with going through and your experiences of web zero with one with two, what three? Are you seeing a lot of familiarities? With the pain points, the user experience struggles at those times? Are you seeing a lot of the same familiarities of, you know, the option of web one and web two, as we are seeing right now web three? And for example, on upgrading, are we talking about it, I didn't experience this, maybe you did, you can add some context to it. But it may be for that leave it was the Domain Name Service launched. And what that did is it gave the ability for people just to type in a simple web address, and get to know the site or the location on internet there they're heading towards as opposed to typing an IP address. And so, you know, when I read that, right, I learned that it reminds me of what we're going through right now where I wanted to send you a theory and you sent me this long string of numbers of characters. And, you know, there's attempts to make it simplified with the dot eath names no ens in the Coinbase, which recently announcing, they're gonna do the Delta he names making it easier for people to transfer no crypto from one another. The DNS launching reminder, already, where instead of having to type in the wrong IP address, remember, numbers and dots and whatnot, just ideal world. So what are some familiarity that you're seeing with the struggles of user adoption, and some of the pain points of those early days of the internet? And as we're seeing today, with early days of what three?

Right? You know, I look at the pain points for perhaps a different perspective. One was, you know, in the, in the 80s, I was I was an academic setting. And my research was about trying to solve big problems very fast. And so even though I wrote my thesis on distributed and parallel processing, and distributed computing, you know, at the end of the day, the conclusion was that it was going to take machines that had even more bandwidth, right, the bandwidth was relatively slow, compared to the amount of computation you could do with with a computer at that time. Because we were trying to solve the problems like how do you how do you analyze the space station? And so yeah, the idea was, okay, let's do it on 10 computers, or 100, computers, or 1000 computers, but it was, like, we had to, we had the challenges around the actual performance of the computer, and how, how we could write code, and the communication speed relative to the processing speed. So those were the kinds of challenges we were always kind of dealing with. And then from, from a software development perspective, again, you we had had limited memory and limited limited memory. So you had you had to develop your programs quiet kind of really effectively and efficiently. And this is an object oriented programming was starting to come out, and then people were using it, and what have you, and then you had Java and, and then some, but even I think, and then even as late as the 1990s, it was still a problem because I was working on software to, to make make it possible to do voice over IP, and V on demand. And these are things that we kind of take for granted, right? So the pain points were around this, just just the performance, the performance of the of the systems. And as, as we got machines with fascinating, the cost of memory went down and communication speed went up. And we were using fiber and light and what have you, it just made it make things that much more easier. And I think also, there was perhaps I would argue a, you know, a cultural shift, and the idea of using open source software, and which then it allowed people to use other people's code, and they didn't have to reinvent the wheel. So from a from a software developers perspective, the idea was that we got better machines, we got faster technology. And when we started to find ways to collaborate and use each other's software, to make things improve and move things much more faster. And and then came all of these new sort of new approaches to how we develop code today. And I didn't really look at it from a perspective of a consumer adoption, like I do now, right? This is a completely new technology. Using email and stuff when I was in grad school was was was like a no brainer, it was you know, I just expected to get to see it when I was you know, when I lived in worked in California, so not a big deal. But I still remember you know, having to get the dial up and stuff like that. So that those are the kinds of pain points that I saw but but nothing like this notion of a whole new technology and it's it's funny to go back and look at some of those, those videos from you know, Morning American, what have you and Brian Campbell and and talking about? What does this add sign? And what does that mean?

Absolutely, absolutely. You know, it struck me that when you're saying that the performance issues were a memory and communication speed, and that is something actually that we can resonate to today with the current state of blockchains. Like Aetherium, for example, that has a low transactions per second. So, you know, that becomes you, I guess, can represent into like a communication performance of, you know, back in the early days of software development and internet. Same thing here, the early days of blockchain is, there's a, you know, performance issues of transactions per second or communication, speed. And then also, you know, blockchains, in and of themselves, so, hold a large amount of memory. Right. So they're not, they're not, I guess, quote, unquote, maybe databases or big databases, they hold the current state of memory. So fascinating discussions. And I want to say, like I said, I want to invite you back Wednesday, and maybe we'll send a topic around some of the social and community and psychological you know, wisdom and experience and knowledge that you've you've experienced throughout the years and from all your travels. And so I want to invite you back for that. And I want to close this out here in a couple of minutes. And just direct people to the V social TV YouTube channel, where ray of light and Tim judge on the t ratio are hosting a lot of great content, as always live on YouTube. And so I want to direct people's attention there as we close this out. And as well as the social BS University. The auction has concluded cardiac Chris that passed us by about 14 minutes ago. And it was a it was a no biter. Down to the end. There were there was a queen d from Malawi, Malawi. Hopefully I'm not butchering that. But 1000. It's in Africa, right? Yep. That one went for about 9300 1888. So roughly 9000, and the crown, V here, one for 5000 V, honey. And, you know, the remaining three B's went for 400, to 600. D, honey, and so on. Absolutely. Another success of the auction, we have, I believe officially crossed over $2 million in the auction over the past 53 days. So the social media university is doing a thriving and striving to discuss a pet but it's still an amazing piece of the auction. So I want to direct everyone's attention to maybe joining the YouTube channel and watching the live stream. As well as you're saying thank you. And thank you everybody, for showing up. Thank you for listening in. Thank you for participating. And, you know, being here to support the social media University, cardiac, Chris, thank you for CO hosting with me. Krypto Simba, thank you for popping up in providing all the knowledge and wisdom we always do. Funky, funky, Funky Monkey, grass monkey. But he's always same pocket. So appreciate you. Thanks for popping up. And now apparently, what a surprise that was great to hear from her George as well. These These spaces are recorded. And so you will be able to listen back to them at a later date, as well as they will be published and syndicated on to multiple podcast platforms. So if you missed out on anything over the last hour and a half that we have discussed, make sure you watch for those recordings that you can tune in because a lot of information, a lot of stuff that we've dived into, and you know wildly eye opening discussions run evolution of the Internet. Crypto Simba before and funky before we turn over cardiac Chris to close it out. You don't have anything you wanted to add. And again, I welcome you all back for to join us Wednesday. Yeah, that's it. Thank

you very much. I look forward to Wednesday.

Yeah, it's great that you guys are doing this. Austin always, always stepping up and being a leader. Definitely an example of what you should be. So everyone down there takes notes.

I like to thank everybody for tuning in. I just want to reiterate that when we started this conversation, it was stimulated that it was there 5 billion plus people using the internet today. And we want to talk about how that was happening. And when we started out in 1960 or 1969, when they sent the first message via connectivity. Let's put that in perspective. You know, there's about 6 billion texts sent a day now. And there's about 300 billion emails that you know, that's it's that we're 2020 So, I appreciate everybody tuning in. We're gonna keep on having some nice intellectual discussions up here and we encourage interaction and we are not asking we are telling you to get your butt on over to be social TV, social BS TV on you to your YouTube social BS TV the t ratio you can go to social BS that IO and there's a YouTube link on there type in social BS TV and t ratio look them up give them a watch and we shall see you back here soon thank you very much