ARRO PODCAST WEEK OF MARCH 13- DECENTRALIZED MONETIZATION FOR A WEB 3 WORLD.
so hello i'm Bob Anglin this is Phil and this is Jess and we are going to talk about Arro Social today we're going to talk about uh web3 and a lot of other little topics surrounding cryptocurrency and other things so uh let's get started uh let's start with what's going on right now with uh Arro Social and where we're at what's gonna update on where Arro Social is right now and uh where we're heading cool so i'll take the lid on that so we got a lot of exciting things happening we're going to be going to the south by southwest festival and going to the startup crawl on this friday so that's uh march 11th and so we're going to be introducing some things and if you're in austin texas make sure you go sign up for the south by southwest uh crawl and we're going to be um introducing basically what we're calling it is the uh station it's the Arroverse it's the error version so we're we're introducing the Arroverse it's earning on the Arro Social and then basically using it anywhere in the world um the Arro Social app is out and working um and we've got updates coming and then basically we're building the XPOS network out as fast as we can to companies that want to use the XPOS to be able to utilize the aero token let's talk about what this Arro Social token we're talking about that a little bit what's what can Arro Social token already do and um you talked about pundi x does people do people really know like what that means that it that can work on a pundi x system so the nice thing about pundi x is it it is worldwide right it came out of singapore the us is holding folks accountable europe is holding folks accountable and so is singapore so it's like the third or fourth recognized uh crypto entity that is being recognized for not just signing a piece of paper saying everything's hunky-dory so arrow is um being recognized along with some of the other top 10 cryptos as being held on the pundi x machine as being able to be traded on the XPOS so that's pretty exciting news that we're being uh ranked with some of the top 10 crypto yeah i don't know if it's called you would call it legal tender but it's definitely been approved according to the legally approved in singapore as a payment token ability of something that you can pay make payments with um and that's why it's on the XPOS system that's why it's one of the few bitcoin ethereum usd tether yeah a few other uh the die a few others and Arro Social token and that means that you can literally go they uh pontiacs also their big thing now is pushing these um exchange kiosks around the world um and they're opening new ones all the time so literally you can if you have a bunch of aero social tokens and you're in istanbul uh you can go over to the pundi x thing and you can get istanbul money with you in turkey and yeah um south america and africa now too yeah and not not to mention also any place that um accepts it at the shop itself where you can go and get a cup of coffee or whatever um which of course that's it's bigger thing in singapore but it's central america and south america that's growing really quickly the acceptance of um through point of sale devices of of cryptocurrency and we're one of the few cryptocurrencies that actually can do that which is awesome yep and we've also recently signed uh contact that we are the sole representative in the us and puerto rico that we are the distributor for the XPOS machines here in the us um you know and this is something we brought up i think yesterday or day before yesterday um we were talking about this and this is something that most people don't realize that um verifone both verifoam and i think the other one's called the pax machine these are point-of-sale devices that you'll find in every walmart uh you know hebs krogers they're they're all over the world um already right what people don't realize is that the software for pundi x is actually embedded in the new machines already um it's just a matter of these um entities these stores chains walmart whatever to literally say i'm gonna turn that on and accept it um so it's already there in place and able to be accepted it's just a matter of us creating that saturation level that makes them realize that they can make money doing that way soon as they see that there's money in it they'll of course switch over to that um so that's cool yeah it's uh very exciting we're in a real good position and and basically right now it's about awareness right we've been doing a lot of efforts and you know trying to get some more um marketing done for the company um we realize that this is requiring a big push that you don't necessarily see a lot going on within the social media space i mean so which is why we're gonna talk about web3 today and hopefully get everybody to understand a little bit more about what that entails um as far as you know decentralization and so forth yeah um it's really interesting um if you look at if you follow any of these uh influencers on tick tock instagram um and there's some of them that are there like watch out for this this is the wise way or the smart way to um invest in crypto nfts whatever um and the big thing that they're saying now is go research the social media of a company um and this is how you look at them to see that they're they didn't just invent that because that hasn't been a big thing lately is there have been some notable scams especially in the nft thing um where some an entity comes in they literally buy a hundred thousand followers they fake they steal a bunch of pictures from somebody else's accounts they put it on their accounts they make their accounts look like they're big things they push push push and they make them look like tons of people follow and then they put out uh for you know a thousand to ten thousand crazy ape nfts and then they walked away with the money closed all their accounts and nope they're nowhere to be found so um because of that you have an increasing amount of people being like uh this is how you look at it so even more than ever um crypto and its value um is is hype driven you know it should be community driven where it's people working together to do something but it's largely um driven by can i hire this influencer to say they like my token because it's gonna go to the moon um more than it's about people coming together and creating something together um and that's that's something that we we need to address also and but when we start talking about this web three stuff i think that'll that'll be part of what we talk about um there are some big influencers in the crypto space on on instagram to talk what what not and um i thought it was really really important to look at what they're saying um and because they kind of typify the mentality of social media in a web 3 world and social media as what they're asking for is a decentralized social media and that's what they think of when they think of crypto and whatnot so i'm going to just play the each of these are pretty short i'm waiting for the centralized platforms to crumble and i'm waiting for that new it's very hard to launch a social media platform that's decentralized and get a user base a big user base so i'm i'm waiting for that that one that's going to do that and i do think web 2 companies it's over it's always game over we're here we're gonna run stuff i don't own my followers on tick tock tick tock owns those followers if tick tock goes away it's gone like that right now i'm just going with it it's happened so fast right i'm just trying to build a big crypto audience and help people get into space okay so that's the first one and that's just the the feeling of what people are asking for the crypto world and the social media world coming together what they're asking for so just quickly reactions what do you guys think so he's talking about bringing down big tech and the key point he talked about was ownership right and so he is absolutely correct about ownership right um not paying for your creation of content and not paying enough for that content is the key issue here right if you don't have ownership of what you're creating then you'll never be able to um bring back any of the control any other direction um that's literally what people are complaining about and upset about and um all that power and control will just um be continued to direct the value and the money um in that one central location so the the key thing that we are actually focusing on in uh at Arro Social is that ownership um it actually um does bring that value and that um that control back to whoever creates it and and that um is our main focus and what we want to do to make sure that you you get your earning and and your content creation good jess what you think um i kind of want to highlight what he said about how difficult it is to bring that user base onto a decentralized platform um i think a lot of people who have followed us um for as long as we've been working on creating this movement has realized that we've been a little slow and stagnant in some areas um yes we can highlight that in a many different ways by saying it's difficult to try to get somebody who has never heard isn't familiar has only briefly heard it in passing to really understand the concepts that we're trying to push for their benefit it's not just like oh we're going to benefit out of this more so than everybody else that's not true the whole point of decentralization is that there's nobody that's in control of this one specific entity entity being the social media platform entity being uber it could be anything that could be decentralized it's just difficult in general to get somebody to understand those concepts um so yeah it's gonna take a a few tries to figure out how to better explain this to people in a way that's really consumable um immediately people hear web3 what is that it's a very simple you know understanding what you kind of get the bits and pieces of it but at the end of the day if you're not willing to put in some of the effort and really learning about what it is that's where you're affected that's where onboarding people can be very difficult which is what we've run into it's kind of hard to explain people the benefit whenever it's too complicated or whatever else they kind of say it it is so that's kind of where we've been also on that note as well so i'm glad he kind of spoke about it because it's not easy yeah i like that i like that he addressed that right he addressed that there there's a difficulty but i this is something i was just thinking about um while you guys were talking is um and i want your thoughts on it is um by very nature if we say decentralized right and if my mindset is hard distinction it'll keep things decentralized then by by my very nature i'm not amassing a lot of people together right um the very nature of being social is people coming together at one place right um so it seems like if i'm saying i'm it seems like there's like a con there's a conflict in thought right i mean yeah we could have our own little groups all over the place that's technically decentralized right um but as soon as we start wanting to reach where you can be a place that can reach a billion people um like instagram does right um or 3.7 billion people 4 billion people like um facebook does um the question is can we be decentralized and still reaching masses of people and therefore uh having of course we got what we have to deal with is the monetary part right i mean we could all buy our own we could all buy or buy into some social network that we all own and we could talk to our friends on the social media media network um you can literally have that just made for you on online and somebody will give you your own social media network right um but can you can you really rival what's being done in social media right now in a decentralized world what do you guys think yeah that becomes part of the problem right some folks that i've talked to says is there so when you mask this all together and then i'm only going to get 217 dollars right and so it's this part of the equation that i'm going to work all this hard and then am i really only going to get 217 dollars right um and so it's convincing people that the understanding that facebook isn't giving you anything right the understanding that you are giving everything that you're creating you're spending time your efforts you're giving everything away to facebook for free right that is your efforts your content your story your value it's you right whether you make two dollars and fifty cents whether you make a million dollars whether you're the best person in the world right you give that away for free um and so that's that's part of the conversation right um now if you're just for my wife for instance right um she doesn't care and that's fine she has a great time she shares with our daughters and she shares with the family she has no interest it's fine she's not wanting to make a profit for our daughters who do want to make a profit for those who do want to make a living off of that and obviously for the influencers who have made a living from that their value and for those who they want to earn that value from and for companies that want to reach those influencers then there's value in that in that market and those are the people that should be should have some interest in it and try to build from that that's that's the the folks that should have some interest and that's who we need to build this for and that we need to take that that control back to and give that control back to them so they have the ability to do it instead of giving all that power control uh ownership away um that's the reality behind um in my opinion why we're doing what we're doing before it's gone so far down the road that it's impossible to get back that control jess what you think got anything on that one the question was the question was um whether we think current social media platforms could go decentralized or do you think that um that that decentralized platforms could really go toe-to-toe with the big tech platforms that are already there to put it into those perspectives you kind of have to look at what we are dealing with now and what the potential of what could be in its similarities i guess so for example we talk about like facebook and you know them having one central head of power you know it's either it's mark or you know the vcs that back them their whole whatever their leadership and what they have done so far and what they continue to do to take advantage of everybody's content their data i mean i'm getting really tired of well actually this doesn't happen i deleted facebook so but i used to get super tired of scrolling and seeing something i thought about and was like that's just getting on my nerves because why am i thinking about those things and it's popping up on facebook um to the ability of web 3 and having it being decentralized um you know if everybody has a bit and pieces of the central um decentralized model for social media then i think that would give a little bit more equality back to the people however i don't actually believe fully that that could fully happen until everybody has a piece and equal share of that um we can kind of take a look at the current blockchains now and see that some people have a little bit more power than the others and it's kind of finding a balance between that as well i mean you can think of you know bitcoin and know that they're still the creator of bitcoin who probably has as many coins and could create a different influence if he wanted to you know same thing goes with um the creator of ethereum so those are kind of things to take a consideration of of where we're trying to go and how much more we still have to go as far as being fully decentralized within the social media realm hopefully there's something out there that can help us um you know be a part of that because that would be pretty cool but very difficult yeah um i'm just gonna touch on two things real quick um one thing would be i think that we're starting to come to like an understanding what people really are thinking right they're thinking that i get a say in what you know people the people using the networks get some kind of say in how that network works and they're getting some kind of mod they're getting part of the value of how that network works and i think now we're starting to like if you start breaking it down to that that starts being more doable right when you start breaking like how do we bring value to the individuals and how do we um how do and how do we make give people some kind of say in what's happening um the other thing is i'm gonna be just zuckerberg's zuckerberg's advocate for a second okay um someone would say that you do not get every that they're not just getting your content for free that they're providing a service to you and it's an exchange your content for the service of being able to reach your friends so just like i use a phone somebody i i pay to use my phone right and the service that they're providing in exchange for the money i give them is which is way more than i think it's 28 it actually breaks down to about 28 a year per user is actually how much they made say in 2020 too about 28 per user um then um i pay way more than 28 dollars a year to use my phone i think i use way more than that in in you know for one a month right um so someone could argue that right but um but if we go back to but you have no say in how they deal with your data to you with your content um i just threw out a thing instagram did this to me i mixed music on garageband all right i made a mix myself i took that mix and i put it on a little video i made and i put it out there the algorithm or whatever they're using now i decided my music was somebody else's music and put it on their account as some of their music under their sound and i listened to their sound and it was very similar because it was a basic the basic rhythm was a middle eastern standard rhythm loop right that this guy was also using the algorithm couldn't tell the difference between mine this guy's and therefore credited him with it even though i had made it myself right um and i think there's a there's a problem right ownership becomes a big problem right um and and who gets to say if it's really ownership and there's also absolutely no way for me to tell facebook that they're wrong they give you no way all i can do is delete all right if i don't want this guy to get credit for my thing i can simply delete my video it's the only choice i have wow that sounds so wrong yeah um like in my opinion that sounds all wrong right um but that's becoming a problem right um and it should be a question of who put it on there first who owns what and there should be some type of questioning mechanism that and some determination process that who owns what and then the the reality becomes it becomes a value proposition right um and yes it becomes about ownership and and control um and some type of of operation um um that's that's what we're coming down to um i want to show one more i was going to like break them up because they'd probably be better for me if you don't understand web3 this might help you tik tok was made for the world of web 2. so right now we have tik tok right here all tick tock's information is right here so if this server goes down for any reason tick tock just stops working on everybody's phones now imagine if this server was dispersed and everybody had a piece of it imagine if tick tock headquarters was on everybody's phone in everybody's pocket so in order to take down tick tock you would essentially have to take down everybody's phone which is nearly impossible so in this decentralized world who would be in charge of tick-tock if there's no central power well imagine tick-tock issued a cryptocurrency the individuals that hold the most tick-tock coin or whatever it would be called would have the most say in changes to the tick tock platform the theory is is that if you have the most monetary stake in a platform then you have less incentive to ruin it now apply that principle to everything uber google youtube that my friends is what we call a decentralized autonomous organization that my friends is the future and it's coming faster than you think okay so there's two very different things that happen there the first kid is talking about like this is what i'm looking for this is what i want the second one is uh imagine this right yep this is an it's an imaginary version of what he thinks would be this decentralized world or what how web 3 would work uh web 3 is not an easy solution like now it's about memory right it's about memory and use of web 3 for a storage mechanism um my personal belief is if you want to make it social make it social if you want to make it private make it private right um now it becomes about secrecy and storage capacity and and all these things and so facebook has huge storage farms that cost a lot of money to run not saying that it's not expensive for storage and if you want to keep your private data private then there becomes a lot of storage capacity issues if you want to share your product and make money off of it we um can help you share and be social but we also don't want to be a storage farm for your private secret information right how are you going to be a social network and then have lots of secret information that you don't want to share with anybody that doesn't make sense either um and so being social is about sharing and then earning money is about sharing and growing your network and so you need you as an individual need to determine what you want to share and grow your your network about and so all these decisions play together in a sharing growing community and network and and so um web 3 is about those decisions of what you want to share and what you want to grow and how you want to earn um and those are all tough decisions um that then web 3 is about what nodes are going to be storing this information for usability and earning power um i kind of just wanted to re-highlight something i had said in an earlier episode as far as decentralization especially with the current climate that's going on overseas there was a story that was stated that there were lines and lines and lines of fellow ukrainians who had to wait outside atms and were limited to only a certain amount and this is what banks were doing in order to you know make sure that they weren't emptying out i guess the banks in a sense but with decentralization that would never be a problem because you're constantly having it with you at all times um something that we have here at arrow is that we focus on having a mobile wallet we utilize the x wallet because it partners well with our pos device the pundi x XPOS so having things like this and talking about what web3 could do for you and just highlighting something as simple as this isn't going to be stifled in any way this is you know the ability for you to access at any time whenever situations like these arise and of course you don't want this to constantly have to be a problem or a reason for you to go out and do something like that but it doesn't hurt to know that you are constantly going to be prepared regardless of whatever happens um which is also something that i think is really important for us to kind of speak about um as we go throughout this podcast yeah you know the saying um you don't put all your eggs in one basket what's even better is a basket that other people can't get to exactly that you can that you can put somewhere that is literally impossible to get to um um you you talk about the ukrainian thing that you know if you go back a few weeks to whenever the um canadian government put started to attack attach the bank accounts of people who were protesting and the people who supported them um and their crypto wallets within the exchanges um the canadian exchanges um this exchanges are centralized right this is why people are trying to say if you're not if you're not exchanging pull your money pull your tokens out of the exchange don't leave them in those wallets because that's literally where almost all of the theft and fraud has happened in the entire crypto world over all these years and all the massive losses have almost all been because people left used exchanges as their wallet and then the exchange gets hacked somehow right the central places is where it gets attacked or the way in and out of these central places so there was actually a bank runs that people know you don't hear that in the main move but there was actually whenever they started attaching that people were running on the banks and trying to get all their money out because and and the canadian bank and actually every bank only holds about 10 percent of the actual currency in cash that they say they have none of them can hand you more than 10 right um my sister my sister the other day was just like uh i have to go put in a write a written form to get cash out of my own savings account to go buy something for my business right well and then like you hear that jp chase morgan and like all the other banks are starting to accept and you know have crypto or like the ability to buy and sell crypto from them and it's well that's convenient that literally defeats the purpose of what it was created for it wasn't for me to go to the bank and buy a crypto why would i want to do that i could just change it between friends yeah the only time it needs to go to the bank is whenever you want to turn it into cash which it would be later taxed which now is yeah the only time it i mean that was that was um if you go back three four years ago that was the big complaint is that yeah i get i i can accept um whatever your token is um how do i turn it into something i can actually turn around and buy something with right we're actually trying to solve that by creating the os devices that do that um and it's just a matter of merchants businesses entrepreneurs starting to get together and say okay i'm going to accept this other other form of payment right that is of value um let me get into other things with that you can now in texas do it in texas but it's a whole other episode that we'd have to get into to talk about those issues um but um on the whole web 3 thing yeah that's uh that's uh i think it's really comes down to owner like who where is the ultimate value where is my value where am i getting my value and where is my say um go back to what jess had hit on earlier when she's saying you know i'm scrolling through my facebook and suddenly there's something that i was thinking about well they're using social engineering techniques to drive um consumerism right they're actually hinting at things to you in your feed whether you know it or not that are catching your mind and they're actually making you think about things and then they hit you with the you know then they hit you with the cell right they've actually enticed entice entice all your friends talking about that and then i hit you with an ad from a tent on top of a truck which of always is something that i'm interested in but yeah that but there's actually a book that i'm going to try to dig up i just um saw something about it it's actually foundational things that the google engineers used in how you search on google and it's based on social engineering let's touch a little bit more on some of the other things that this kid said the second kid right i i don't have his name right now i'll put it up on uh like so everybody sees it right i'll mention his name his name is this uh because he has a huge following he's like 800 and some thousand dollars followers on on tick tock um but he kind of was more like imagine right so let's break down a few things like we don't have a lot of time only like 20 minutes left but let's break down a few things that he imagined right um some of which are really cool and some of which are like how viable is that especially for something that needs to move at the speed of social media yep okay so first of all all of my social media content is on my phone and you would have to take down everybody's phone to take down all the content so in a nutshell that sounds like from what he's saying every phone is a node and therefore it contains an entire social media in every phone recorder so here's what some companies are trying to do right pundi x is trying to do that with a node to track pundi x's token right just a token not like videos and pictures and all that right so if they're just trying to basically track their token that doesn't sound very viable for the size of a video um and so if it is just tracking yours maybe right but then how are you going to share that or download it or or access it when somebody else is trying to watch your own video and upload it so in the near future that doesn't sound extraordinarily viable and kind of like how i hinted at with like facebook has whole entire um storage farms um i don't see how that can be store the entire video content of even if you're breaking down a region on a phone i just don't see like storing the southwest on somebody's phone and then feeding that southwest region off of a phone network in the near future right for a split second to press a like right um and so if you're tracking a pointer so like fill view this and then you get a view and uh and a token for that i can see yes you can track a token for that or you can get an arrow for that because you viewed it i can see how you can track a view for that but i don't see how you can play it or i don't see how you can actually store it store that particular piece of content on that phone does that make sense yeah what do you think jess you're the programmer in here so what do you think um i mean the basis of it is if you're gonna have a lot of data you're gonna need a server to hold that data yeah um all the computer space in the world with that you could probably upload like three videos if anything um and that's it so i mean to imagine something like that yeah that looks like some pretty powerful technology but at the end of the day that's not something that's currently viable at the moment um we don't have it yet but i mean nobody thought that we would have web 3 as early as we did now and look where it's at now so who knows like somebody's out there probably building it as we're speaking about figuring out figure out the technology behind what exactly i i mean i one hour of this podcast is about five gigabytes of you know memory space yeah so i can only have so many of those on my computer before i have to translate that yet but i think it's hurting yeah yeah yeah and that's that's what i'm kind of saying it's like you only get so much before it kind of shuts down so as a powerful technology as that could be yeah that would be nice to know that no matter how often my phone dies the power of it is still there but currently we're still needing those servers currently that's where you always hear about those farms no they're not talking about cows they're talking about server farms you know places to hold your data and that's where they're living at right now they're huge yeah um and i would argue that there are cows they're data cows and they're milking them constantly um um no i mean yeah i um i was just thinking my phone i have to dump my whole phone and this is just my phone's pictures my photos in my phone about every two months and i hold mine holds like 20 gigs i think in the cloud storage but i usually max out my cloud service every couple of months and that's just on what i use my phone for this video we're doing right now will be 28 gigs at least for this hour um now that's 4k and that's high quality right um it always gets pressed it gets compressed and probably ends up by the time it gets on on the web it ends up being probably 720p or something like that or maybe 1080 top it compresses it down to probably five gigs before it gets it'll get out there to to um to say youtube but still that's one person's podcast going on youtube so if we decentralize something like youtube which the kid mentioned um that's a ton of data and try to make a phone call in the middle of that yeah and and the other thing is it makes it so that my social media then has to be accessible by everybody in the outside in order to be the point to get my thing right so yes servers um i want to throw this out there possibility uh i think this is actually wise the decentralization of servers yeah i mean that's really the key i think that i think that is the key right um and that is the focus of of the sharing right um that everything's not focused on these gigantic farms is that then the value can certainly be just decentralized the control can be decentralized the storage maybe may not be but the control the value the tracking all that should be decentralized and the decisions should certainly be decentralized i mean you can imagine i'm since this is that was that was talking to completely about imagining yeah imagine that you um decentralize um servers right imagine 10 20 000 servers that could hold everything they don't have to hold all of it in one server but they could all a bunch of them could hold parts yeah that could accessible they talk about sharding all the time and that makes a lot of sense right uh if you only lose five percent of your network that makes a lot more sense than losing it all then losing 40 of your network right yeah well and and it also in the idea behind the centralization crypto the whole mentality behind where crypto comes from um it also makes a pos makes things impossible like um the server and this person these people getting together colluding to shut somebody down or kick somebody out yeah right to shut down a whole company that has you know 600 million people following it right correct um just because they want to because they're they think that company is a threat to them on a political level which actually happened a few years ago um literally major people major tech companies colluded to shut someone down and shut them off um and that would make it a decentralization where these servers are not owned by the central thing but are owned by a lot of people spread out and they could keep it going if this person says i don't want this it's all right because there's still another thousand out there that are still holding that data and protecting that data now i think that's extremely important right which which goes back to the control right command and control is basically what then you're talking about right and that's then decision making and all these other things that that aren't just con storage right it then is falls back to decision making and all the other things that that lie into big business and and all the other things that you start hearing about with these large corporations right okay cool well we're running to kind of the end any last thoughts that we want to hit on before we go on i mean do we definitely these are all things that could probably easily be broken down into whole episodes talking about each of these things um but any last thoughts uh i i think lying through all this i i think the most important thing that i've heard through all these crypto conversations i believe is trust right who you trust where your control lies i i believe that trust just the trust thread runs through all these things if you don't trust people then uh what that's what we're trying to build into all this right uh you trust computers over individuals that try to collude right and so i think that's that's the important thing that we're trying to build into everything we're looking at right that's what's important to me yes anything less less thoughts um i think just to kind of highlight how um how just new this technology is guys you hear it everywhere but you don't really know what it is in reality it's something that was created to make all of our lives a little bit easier um allows us to have more control of what we say and do when it comes to you know these applications um it's your content guys it's your data where this isn't web 2 where you can go ahead and just post something and we're at the whim of whatever site we're using to share our thoughts um we definitely shouldn't be continuing to utilize technology that prevents us from earning um what we deserve we're all creatives we all want to do things that um you know earn us the potential that we deserve and i hope that as web 3 develops there's ways for everybody to really understand that um and can connect with it in a way that it's not going to be so difficult to expand um you know decentralization it should be simple as like yeah i want to be a part of something like that where it's not owned by one you know one entity it's it's everybody's it's an open source everybody deserves a piece to contribute um and also you know determine whether or not that is going to work for them um the power belongs to the people and always has awesome and i'm going to just wrap it up um because we only have a few minutes left but and i just my last thing is and is this is just the step the first step to um this decentralized monetization of social media is just the first step once you have that in place then you can uh decentralize the monetization of entrepreneurship which is already happening with people buying their own coins but but getting your own coin is a big process and an expensive process if if people are able to use the same coin and that coin's not you know raking you over the coals every time you're using it um if you're able to um expand that into the marketplace and you're expanding into other um other ventures other new technologies going on in the web you're able to expect expand that into gaming and entertainment and different things and that one token or a token can simply be moved around and there without these huge fees until it leaves that system um that definitely is i think one of our goals am i right absolutely the Arroverse wants to use um the arrow token within one entity and one basically um basically the Arroverse right to be utilized free um maybe not freely but be able to be used easily within that network and it's not until you leave the network that you know ethereum's going to come in right and kill you with a gas that's the goal is to have the api utilized um inexpensively right yeah and save gas fees everywhere yes well awesome so we only that puts us down to about five minutes which means we have to get out of here anyway um and uh so that's it for this podcast um we're definitely going to come up with some we'll hope to see everybody in episode two um i think we have a pretty good crew here we'll bring in some other people and some guests and guests on here that can help us explain some other things and that'll be awesome um so until next time see ya
2022-03-19 05:11
