In this special episode, Krzysztof takes Luke (and us) on an eye-opening journey through the revolutionary potential of blockchain technology. Forget everything you think you know about crypto – this isn’t about meme coins or get-rich-quick schemes. This is about the fundamental architecture of the internet’s future.
🧠 What is Crypto Really? – the shocking truth: crypto isn’t just digital money, it’s an entirely new form of computing that runs on software, not hardware. Think of it as a distributed computer that no single entity can control or shut down
📊 Serious Tokens vs. Casino Coins – How to distinguish between speculative meme tokens and legitimate blockchain networks that can be valued like stocks using traditional metrics (P/E ratios, cash flows, growth)
⚡ Chainlink: The Infrastructure Play – Why decentralized finance (DeFi) as inevitable and how Chainlink enables the entire ecosystem to function without traditional financial intermediaries
⚔️ Why platforms like YouTube, Facebook, and X are “broken foundations” that extract maximum value from users while giving them zero ownership. The pattern is always the same: attract users, then “turn evil” once they have monopoly power
🔓 From “Don’t Be Evil” to “Can’t Be Evil” – How blockchain technology mathematically prevents the centralized control that allows platforms to change rules, demonetize creators, or shut down accounts without explanation
💰 The Take Rate Revolution – Compare YouTube’s 45% cut and Facebook’s near 100% take rate to Ethereum’s 0.06%. What happens when the middleman’s massive profits get redistributed back to creators and users?
🎵 Musicians vs. Spotify: A New Hope – Why 98% of musicians can’t make a living on current platforms, and how blockchain networks could code fair revenue sharing directly into the system
🎮 Gaming Gets Real – How gamers could actually own their digital assets and earn real money from their skills, rather than enriching platform owners while getting nothing in return
🛡️ Fighting the AI Dystopia – As AI threatens to create an “overlord” scenario where humans become digital slaves, blockchain offers a credible alternative to maintain human ownership and control
🔮 The 1999 Moment – Why we’re at the exact same inflection point as the early internet: the technology is ready, developers are building furiously, and the political environment finally supports innovation
🌍 Ownership Revolution – The radical idea that digital ownership should mirror physical ownership. Why do we own cars, houses, and books in the real world, but own absolutely nothing in the digital spaces where we spend most of our time?
Segments:
00:00 Introduction
05:44 Remember the Internet in 1999?
10:35 Networks: The Internet’s Killer App
17:16 What Is Crypto? (Not What You Think)
26:21 Corporate Networks: The Clear Villain
37:47 Tokens & Community Ownership
54:18 Fair Revenue Distribution for Creators
1:03:24 AI vs. Blockchain: Fighting Dystopia
1:11:31 Why This Matters for the Future
1:14:19 Final Thoughts & Developer Migration
WSW – E82 – Blockchain – Video – No Ads
[00:00:00] Luke: There was this like phone number and you could text, you could send an SMS to this phone number, ask your question, and there’d be like an army of people who would go and figure out the answer and then text you back with the answer.
[00:00:10] Krys: So even if it were mathematically possible to crack it, people still wouldn’t because there’s too much to lose in that case
[00:00:17] Luke: we’ll own our own data.
And, you know, if some company wants to market to me, well I will get paid ‘ cause I’ll give them the ability to see some information about me.
[00:00:26] Krys: But imagine taking the internet away from the world and the society would actually collapse.
[00:00:31] Luke: the reality is it’s like hyper connectivity between, I. pretty much every person give or take, and every business, and instantly available any piece of information you could dream of.
[00:00:43] Krys: my first explorations with the internet, I I think I was 17 in high school and I discovered chat rooms, and all of a sudden I was talking to people, you know, outside my high school and I was like, oh my God, like is nuts.
[00:01:03] Krys: Hmm.
[00:01:04] Luke: to a special episode of the Wall Street Wildlife Podcast with Christophe and Luke. This week we are answering the question, what does the future of the internet look like? And we’ll be exploring blockchain technology. Now, I think I know a bit about this stuff, but Christophe is gonna give me a lesson.
Dear listeners, Christoph, tell us in detail what are we getting into today?
[00:01:26] Krys: All right, Badger. I know you’re skeptical and you’re looking at me all funny, like future of the internet, like Yeah, right.
but I got a bridge to sell you. So it was my spring break here in Austin, and I decided to really put my head down and do some serious learning about our topic du jour. The future of the internet because, uh, in part this wasn’t sparked by the, arc invests, uh, long thing. Exactly. You know, I’ve been digging around the space for many years now, but, uh, it’s part of it because if you remember, they feature technologies that will be built on blockchains as one of their main, call it future, I don’t know, future prognostications. So, uh, ended up reading this book that came out a year ago called Read Write Building The Next Era of the Internet by Chris Dixon, who is a general partner uh, what is it that Fancy Pants. Uh, startup Investing Hub. Um, a a z 16 is the website, oh, God can’t even remember what the, what their joint is called.
But they’ve invested in all, all kinds of huge companies and unicorns. So this guy, uh, Chris Dixon has serious street cred as an investor. Look him up. Um, he’s, he’s, he’s quite a, I think he was listed as the number one, the top investor in, in that kind of venture capital world. I don’t know how to measure those statistics or whatever, but he’s a serious dude. So I read this book, uh, I made a mind map of it as I read it, so that’s gonna be available for our Patreons, and I thought this would be a wonderful way to spend our time. So to me, introducing to you what I learned in this book in a kind of Socratic dialogue method. So that we could see for real, you know, what your questions are and what you’re skeptical about and see if I could answer all these questions. You ready?
[00:03:52] Luke: I’m ready and this, and this is hot on the heels of me being Guinea pig. For our friend of the podcast Zoe Ross in last week’s episode where I had to Guinea pig displaying my emotions. And you know, badgers don’t have emotions. So yet again, putting me in an uncomfortable place with as a Guinea pig for your blockchain story.
[00:04:13] Krys: You’re welcome. You’re welcome. So I wanna start way back and the reason I’m excited do this now is because know that for the first time in, I think ever we have a procr in administration. So you gotta remember that for the last at least, I dunno how many years. Uh, let’s call for, for brevity’s sake, let’s say even over the last four years, the administration in the United States was anti crypto. You have all these people trying to build this thing, and we’ll get to this thing even is. But nonetheless, there’s this huge shift politically and in terms of regulations. So, um, that got me motivated to really figure out, okay, like how, how do we explain this stuff? What is it that people are now pro and what were they against? But in order to get to that, I, I need to, we need to hop into the way back machine. Remember the internet back in 19 98, 99, 2000. My first question to you is, do you remember Luke? What. During that era, you thought the internet was.
[00:05:44] Luke: I guess I was, uh, I was like post university, I did a computer science degree and I came out of rolling outta university, this fresh-faced tech guy in 93. So yeah, that was pre-internet. Like we had email and we had stuff like that, things that were kind of precursors to the internet. And yeah, I do remember like downloading stuff, uh, you know, using Gopher and using all sorts of other weird pre HTML type technology.
But I. If you wanted to go and find something, well, here’s a good example, right? Like a precursor to Google was in the UK at least, there was this like phone number and you could text, you could send an SMS to this phone number, ask your question, and there’d be like an army of people who would go and figure out the answer and then text you back with the answer.
I remember using that in the nineties and being like amazed at this. Like I can get the answer to anything except I probably couldn’t.
[00:06:42] Krys: Yeah, right. My use case, my first explorations with the internet, I remember I was, uh, I think I was 17 in high school and I discovered chat rooms, you know, like, and all of a sudden I was talking to people, you know, outside my high school and I was like, oh my God, like is nuts. Just talking to people, you know?
Um, and I remember also looking for song lyrics, I was fascinated by the fact that you could look up, you know, yeah. So that, but that was, you know, that was sort of the limit. There were certain limits to the imagination. Now let’s fast forward to now, and how, how do you. An alien comes down asks us, us about this internet thing you have.
How do you explain what it is today versus what it was in 1998?
[00:07:39] Luke: Yes. Like there’s like the tongue in cheek answer, which is like, it’s all like memes and cat videos, but, but the reality is it’s like hyper connectivity between, I. Every, pretty much every person give or take, and every business, um, and instantly available any piece of information you could dream of. Um, and, uh, yeah.
And then, and, and today the web went from being like getting information to like the social web where now like everyone’s a content creator in one way or another. ’cause you’ve probably got like a Facebook or an Instagram or something else. And then it’s also the backbone for like commerce and business.
’cause it’s kind of how companies interoperate with each other instead of sending faxes like faxes and God knows what else they used to do. Make phone calls, send letters.
[00:08:36] Krys: right. So the, the thing I’m sort of getting at, at the start is 1999, could take away the internet and maybe I’d be sad for four hours because I wouldn’t have my chat room buddies and I’d, you know, I’d have to go to the record store to look up, you know, the lyrics by buying the thing. But you take away any human’s internet today for like an hour, and they go batshit crazy because they can’t handle right being offline for even an hour.
But imagine taking the internet away from the world and the society would actually collapse. Right, because like, I mean, everything is connected so hospitals would go, I mean it, right? It, it, it’s no longer what it was times a thousand.
[00:09:28] Luke: Yep. Agreed.
[00:09:30] Krys: That is the setup. That is the frame I want you to have for the rest of this episode, because I think the thesis I wanna develop is that it seems to me 2025, we are on the cusp of having a similar sort of, call it paradigm leap that can’t really be, felt because it’s such a big leap. But the pieces, the ingredients are in place just like they were in, call it 1999, right? We had the modems, we had the interconnected webpages, and now what do we do with them? Right? And then it took the, it took. decades for the world to change, but it did. Right. So, second question I have for you. What, and I actually think you might know the answer to this, at least the one I’m fishing for. would you say the Internet’s killer app?
[00:10:35] Luke: It is killer app.
[00:10:39] Krys: That’s, that’s what the, that’s what the whipper snappers say. You know, when they want to call something like the must have, like what is the most, um, powerful or important feature of, of the internet?
[00:10:59] Luke: I have no idea what you’re fishing for, so I’m not gonna give you the answer you want. Uh, what? Uh, I don’t know. Like the, I mean, it’s just that connectivity. I’m not gonna say like email, but, okay.
[00:11:14] Krys: Yeah. that’s
[00:11:15] Luke: Okay.
[00:11:16] Krys: Yeah, yeah. No, that’s, yeah, that’s, I mean, that’s pretty close. Uh, this book, Dixon says that it’s networks.
[00:11:25] Luke: Yeah, but that is the internet.
[00:11:28] Krys: Yeah. Well, uh, well, sort of, not kind
[00:11:36] Luke: Alright. Yeah. Layers. H Okay. Without getting into like https and things, but Yeah. Okay.
[00:11:41] Krys: yeah, I mean the, you know, in general, so, you know, without, I guess getting too computer sciencey and geeky on
[00:11:48] Luke: Oh
[00:11:49] Krys: There is like the internet is, is a network, but then what the internet allows is multiple kinds of networks.
[00:11:57] Luke: yeah.
[00:11:57] Krys: And, the idea is that human beings that, you know, um, I guess what makes us the most powerful animal on the planet to some extent is that we learned how to work together and build on top of one another’s progress.
And we do that by getting together and creating pods, communities, and the internet just makes humans create these network things. Right.
[00:12:24] Luke: Yep.
[00:12:26] Krys: So that’s the killer app of the Now next question for you. What determines do you think the outcome
[00:12:38] Luke: Uh, like what it.
[00:12:41] Krys: different. Different networks have different, uh, call it purposes, right? In. And uses what determines those.
[00:12:51] Luke: So the, like, the quality of the inputs and like the processing that takes place and how quick and accurate is that? Is that where we’re going?
[00:13:02] Krys: And, you need to, you would need to go back to a more primal step
[00:13:09] Luke: The okay. The, the, okay. The number of participants in the thing,
[00:13:16] Krys: even before that one last, one last shot
[00:13:20] Luke: uh, it’s, uh, it’s maybe something to No, but going forward I to ask about cost of the thing.
[00:13:31] Krys: maybe. Yeah. It’s, it’s more of a meta, maybe it’s so primal that it, it’s, uh, it’s kind of a meta answer. It’s the design. The way you, and this is like basic, like architect, you know, I mean basic Yeah. Design theory slash the form of something tells you what, how it’s going to be used. So, yeah. Think, think in terms of buildings that a small little made out of wood, uh, says it’s intended to be, call it cozy in the cabin.
And you could have a little fireplace, right? But a, 500 story or a hundred story building, uh, made outta concrete is intended to house many peoples in the urban settings, right? But design, right,
[00:14:30] Luke: Okay.
[00:14:33] Krys: this is a key point to, to all of this, that how you design the network. Determines what it will be used for. And I’m gonna lecture at you now for a little
[00:14:47] Luke: Okay.
[00:14:49] Krys: Uh, the original networks that we had were designed be to demo democratize information, and those were email and the web and their protocols.
They were designed so that there is no central authority, right? And it’s just, uh, everybody has equal access to it. Then, uh, on top of that, uh, we designed networks that we currently have, which he calls the read write networks that are sort of, um, Well, it’s, uh, the, the intention there to work backwards is it’s to democratize publishing.
So if you think about the platforms we use now, they enabled people to post
[00:15:47] Luke: Yeah.
[00:15:47] Krys: and create things, right? So think Facebook, the big reveal here, spoiler alert of this whole episode, is that blockchain technologies, AKA crypto, which I’ll get to in a second, are designed in such a way so that they democratize ownership.
[00:16:15] Luke: which is, and like people talk about, say the original internet as being like Web 1.0 and then like the social web and blogs and social media. That’s like Web 2.0. And then like what you’re describing, I think is the label, like Web3 0.0 know.
[00:16:32] Krys: Correct. Exactly. Yep. Uh, to reiterate the point, because it’s so key, I’m go, as I start talking to you a little bit about the tech, remember that the reason I’m gonna tell you about the tech because the tech determines what you could do. So here’s the most interesting question I have for you, uh, and I think the one our audience will probably most respond to, or I’m curious what everyone who’s listened to this, how you would respond to this. When I ask you, what is crypto, what do you say? Give me, give me like, you know, your, your most, uh, spontaneous
[00:17:16] Luke: Yeah. Well original. By crypto you mean cryptocurrency, not just ’cause crypto is Okay anyway. Just say crypto. I think you’re asking me what is cryptocurrency.
[00:17:27] Krys: Uh, no, no, actually cryptocurrency is a specific
[00:17:30] Luke: Okay.
[00:17:30] Krys: So just what is crypto?
[00:17:33] Luke: Uh, what I do you want me to go super computer sciencey and talk about like public key encryption?
[00:17:42] Krys: Uh, no, no. I want you to do your
[00:17:46] Luke: Lemme okay, lemme, lemme put aside all my nonsense and I’ll just give you like, my answer to your question. What is crypto? Okay, so, there’s no central authority around something which, which might be a currency, it might be some ledger, might be something else. So you don’t have to rely on, uh, like an, an authority, a bank, a regulator or somebody, an institution which might be, you know, would have the public interest in heart, but you still have to rely on them to get it right And crypto, blockchain.
You know, you have whatever information it might be, but the authority is kind of distributed amongst all the members of that thing. So by using it, you become a disaggregated part of the authority.
[00:18:31] Krys: Yeah, that’s a pretty good answer. But let me make, make it even more concrete. The IT that you refer to is kind of computer.
So this is, I think to me as I was reading this book, I was like, and, and mind you again, I’ve been doing this for years, but like something about his explanation in that sense, like made a light bulb go off in my head.
Because most people I think when they think of a computer, they think of their laptop and their, desktop, right? Or their phone, but they think of it as a physical thing, right? That they use to get to the internet. Fundamentally, crypto is a new kind of computer that the hardware, software kind of primacy. The typical computers are, we think of them hardware first, right? On which software runs crypto A computer that basically runs on software and it’s like you were saying then re distributed But fundamentally, it’s a computer stores info and it has the capacity to run rules and it has the capacity to, act as a database, that store that people can edit and share and trust. again, it’s um, the software that dictates things as opposed to say, you know, the specs on your laptop.
[00:20:22] Luke: if, if I can, if I can sort of suggest like another way of saying the same thing I think, and see if I’ve got what you’re trying to say. Right. Like if I want to do some, if I want to use a computer, so I could have like my local computer, which is my laptop, my phone, whatever it might be. Um, and it’s here with me in the room.
I could use the cloud, which is essentially somebody else’s computer. So like maybe the cloud for me if I’m business might be Amazon or Google or Microsoft Azure, like, but it’s essentially, it’s just someone else’s computer in a massive data center, which might be all around the world, but it’s controlled by that organization.
And if they decide to shut you down, well that’s it. You don’t have any more cloud ’cause they just turned you off. And then. This distributed kind of blockchain computer is a bit like, well, it’s, it’s distributed and it’s everybody else’s computer who’s using that blockchain and they’re doing my processing for me, so I don’t have to rely on, like Google’s stay in business, even though they’re gonna stay in business, right?
I don’t have to rely on them, and I don’t have to worry about them shutting down my processing because they, you would have to literally shut down everybody else who was using the blockchain to turn off my thing. So it becomes, again, distributed.
[00:21:41] Krys: Right. Yeah. Uh, that’s a good, I think that’s a good nuance to, to have named that. Even something like the cloud, which isn’t, we don’t feel as a physical thing. It’s still hardware first, and it’s dependent on an entity that’s out of your control versus a computer that is. By definition everywhere is a hold up, different thing.
[00:22:06] Luke: Yeah.
[00:22:06] Krys: So now, so that’s one of the main takeaways. If somebody now asks or to, to our listeners, if somebody ever asks you what is crypto? My guess is that while before you might have said, oh yeah, it’s some kind of coin, or it’s some sort of like currency, or it’s some sort of do hickey this, that, or other thing. Now you could give the much more fundamental and serious answer, which is it’s a new form of computing. Or you could even say it’s a new, computing movement, so to speak, that enables things that have not been enabled before.
[00:22:42] Luke: Well, it’s small nuance. Like it doesn’t, it doesn’t have to be like, like you could take say the original Satoshi like version of Bitcoin and that wasn’t about doing processing. That was literally just about having a distributed ledger and having like tokens on the ledger and they represented money be Bitcoins.
But then like that whole world evolved and it became about not just storing information but doing processing.
[00:23:12] Krys: Right. So that ended up, I mean, that’s eight. That’s, it’s interesting. That’s where most people start because that’s the obviously cultural dominant thing, but that’s just one use case of how you would use this computer. But it turns out there’s like the internet in 1999 where I could only think of looking for lyrics and chatting to some, sophomore, freshman at USC. Uh. You know, like the, the possibilities for distributed computing are actually only up to our imaginations, and we haven’t even discovered where many of those will be, but that’s for a little bit later. So let me pause there and switch tacks. It turns out there’s a villain in this book. There’s a clear and the outright villain that Dixon does not mince words about.
I mean, like, he’s saying this, I mean, I thought he was pretty levelheaded, but in this regard, he doesn’t have too many kind things to say about a particular entity, and that is the corporate network. So this is where a little bit of, I don’t know, maybe, well, I, I don’t know. I, I’m curious to see what your reaction is, but here’s how he paints corporate networks. And by the way, here, here are the, the examples of corporate networks, YouTube X, Facebook. Instagram, Airbnb, TikTok, These are, I mean, across of all of those, you have the majority of the world’s call it commerce happening, right? He paints them villain over and over again and says that building something on a corporate network now or before, but especially now, is like building on a broken foundation. the way these kinds of networks work is that first, as you were saying earlier, they attract their the, they attract people.
That’s the only way the network gains value. So there’s all these incentives. Incentives come to our platform. It’s great over here, right? And then after certain point. An inflection point is met. The network then, quote unquote, turns evil and leverages their power because they can and because it’s corporate, by definition, have a fiduciary duty to extract as much value as they possibly can from their users because lo and behold, their users can’t go anywhere else. And that’s by design. And according to his of the world, this has been now historically documented. And if the, the pattern follows this particular story each and every time without exception.
[00:26:21] Luke: Yeah.
[00:26:21] Krys: So that’s.
[00:26:22] Luke: And a good recent example of this is like you listed Elon Musk’s X in there, like you’re right, like, so X doesn’t really have shareholders anymore. It’s probably some big, a couple of big private individuals or, but essentially it’s a private organization. But you know, he Musk as the CEO of this thing has a fiduciary responsibility to generate revenue for the owners.
If you’re a public company, it’s like you, you’re legally obliged to do. That’s the role of like the board. Um, but. X also kind of purports to be this platform for free speech. And much as Musk wants anybody to be able to say anything, like he’s bound by actual laws that mean, you know, he’s not allowed to have certain content on there and he has to take steps to essentially moderate it in some way or another.
Um, and yeah, so, so, you know, there are, and there are good reasons for that. You know, you wouldn’t want certain information being disseminated willy-nilly and because it’s owned by like a, a corporate structure or an individual that are regulated and go and talk to and say, Hey, you gotta shut this down.
Well, they’ll, they’ll, the police, you know, they will fulfill their job and they will do that. And they’ll have to oblig, you’ll have to go to jail.
[00:27:36] Krys: Right, exactly. So you did a great job previewing what some of these, why it’s a broken foundation. So there’s platform risk by which you, I mean you, you said it pretty well. There’s a massive loss of innovation it turns out, because when you have a big boss who runs the whole show. What the little call it little people, little developers can and can’t do is not up to them. And three, perhaps most damning is that it’s sort of a black box because it’s built on algorithms that you don’t really know. And social values that maybe one thing one day, another thing another way. There’s the whole issue of de platforming and who really, and I, who really gets to say, and this is actually as I was reading this, Luke, I was thinking about us all the time you know, we’re growing our YouTube channel, right? it just, it’s just so obvious when looked in this light that in the end. We have zero control. They could turn off our channel tomorrow. No explanation given, and we have zero say about any of it.
[00:28:54] Luke: Yeah,
[00:28:55] Krys: we’re, we’re small fish, right? We’re, I mean we’re, you know, we’re, we’re at the early stages, right? But some people, you think about lives and like, you know, creators who do this for a living, many stories where they’ve lost their livelihood and you know, in a sense, not given a reason.
I.
[00:29:17] Luke: yeah. I just got like demonetized because the platform decided, you know, for whatever reason, that the algorithm should no longer prioritize the stuff that you were maybe making your livelihood from. Which is why, like in this business, really the best business or the only one that’s truly in your, when you control yourself, is having like an email newsletter.
If you’ve actually got email addresses, like you’ve got those, no one can take them away from you if they wanna shut you down, where you just move your email provider and then carry on.
[00:29:46] Krys: Right. Yeah, I mean, uh, the problem I think is very clear. It’s just, I’m trying to highlight fact that because this has been the model for the last 20 years, we’ve sort of adapted to it and we’ve grown to think, okay, this is just how things are right. And we have to play the game. Like you and I didn’t.
Well, we’re now on Patreon. Right? So that’s great because that’s a different kind of model. I write my philosophy stuff on Substack, that’s a different model. Um, it’s a little closer to the original based, you know, protocol. And own, as you were saying, that the, your, your people, um, you own their contact info. But anyway, um, so if the corporate network is the villain, then this entire premise of the future of the internet blockchain technology as the hero. So let me, uh, very briefly tell you. My understanding of blockchains. I don’t wanna, actually, this, this is getting into the weeds a little bit and I hope not to overdo it.
So maybe, maybe I won’t. And if you have, if any of our listeners have a question, you could ask us in the comments section. ’cause I don’t want to bore people, but here’s two quotes that I found fascinating. One, if you asked what people needed in 1989, nobody would have said a decentralized network of information nodes that are linked using hypertext. Right? So that’s, again, going back to this notion that the, what the internet was and what it became is too far for people to imagine. Two. Uh, this is from the founder of Ethereum, uh, Vitalik Buterin, he said, whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate. automate. away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customers directly. So the short version of blockchains is that their technology that enable digital ownership. Going back to the YouTube question, do we own anything on YouTube? The answer is
no. We own nothing. And based on what I told you earlier, that if you think of Crypto slash Blockchains as a decentralized computer running on software, we can add to that the fact that it’s transparent. Blockchains enable transparency and everything is authenticated as true because of math. That’s technically the crypto part. The crypto part just means that a bunch of math gees got together and figured out a way to basically make all these individual software computers work in such a way that when one says one thing and another one says another thing, they all agree and it can’t be hacked. Or, you know, in theory that’s the strength of it because it’s distributed, but that’s the only place crypto really comes into place, cryptographic truth. So that’s, that’s, basically the technical aspect of blockchains. Uh, one additional point though is to add that unlike, say, a major corporation owning a computer that’s say way more powerful than any other computer on the planet. As in the AI race and how many Nvidia chips can you get your hands on? In this paradigm, all code is created equal, and this is an important point to consider, that if you really take seriously the fact that all that crypto is is a bunch of computers, but it’s really software, then you begin to realize that everybody has access to the same software programs.
And one software program is not better than another because it’s all in the open. You could copy and paste, right? You can’t copy and paste an Nvidia chip. Okay? So that’s black. So blockchain blockchains are that which basically make the software network run.
[00:34:39] Luke: Yep.
[00:34:41] Krys: Uh, I briefly need to mention tokens because it turns out Luke, in the history of. The Internet’s growth, the previous versions of the internet, there were some people that were really call it unhappy with the corporate network model. They could see where it was going. Right? This extortionist, monopolistic, oligarchical thing, and they tried, uh, to basically compete with them because they saw that email on the web still worked for free, right? So they tried to create different versions of like protocol networks. RSS was the most famous one, but in the end, nothing survived. Nothing lived because basically not enough money. Basically you were, those people were relying on volunteer organizations and nonprofits and, you know, trying to skimp funding to run the computers they needed. And you’re just not gonna outcompete say Google, that’s taking in billions of dollars via ad revenue. Right? So tokens are basically the mechanism through which network blockchains get funded. And for our purposes as investors, I kind of think it’s okay to think of them sort of analogously, like we do stocks, right?
When we, I mean, companies get capitalized via some combination of debt and equity, right? And some other potential shenanigans in the back door channels. But mostly it’s debt and equity, right? And what is equity? Like? People give you money, you get a share of the company, right? And if the company prospers, you do too. Tokens for our purposes are the ways that blockchains. Offer, call it, shares in their network, and you could buy tokens. And then once you have the token, you own some share of that network’s activity. Make
sense? And it’s an innovation over protocol networks because protocols just didn’t have them. And it’s an innovation over corporate networks because corporate networks on the network level don’t allow you to own anything. Right. Like to, to make this obvious again, on YouTube, we do not get paid. We, we have no, uh, what’s it called? There’s no, the way we get paid is via like a secondary thing via ad revenue and stuff. But that has nothing to do with actual ownership of the platform. Okay. So.
[00:37:47] Luke: Okay.
[00:37:48] Krys: The thesis here with the token stuff is that the digital world in general would be a better place if ownership were as widespread as it is in the physical world, which kind of makes sense when I say it right?
Like when you go out to the physical world, when we, we were out in the physical world, people own things like, we own our cars, we own our houses, or we rent them from somebody, right? We own a bicycle. If I have a book, I own it, like to own stuff is is kind of like a crucial way that humans exist. But then it’s weird when you think about it that the places where we spend most of our time online, we don’t own anything. Tokens are a kind of, uh, solution to that. So the next piece of this is that, um, the software on which Crip the crypto computer runs is community owned. That might not seem like a big deal until you kind of think of it. And this is a quote, I think, uh, something that soft, that that software is, uh, the equivalent of buffet’s great compounding interest is the one great wonder of the world. You know what I’m
talking about? Or that compounding interest is a great eighth wonder of the world or something like that. The fact that. Anybody can log onto their laptop if they know what they’re doing, and copy the same code that the blockchain network runs on or Ethereum network runs on, and then copy it and then basically use that to build their own thing. Means that the rate at which say progress happens and the rate at which in this case reusability happens is astounding, like compounding. You know, after 25 years, nobody has to rewrite any of these codes. And then the rate at which coders start building and building just starts growing and growing because again, you’re not reinventing stuff, you’re just adding stuff. This is technically called, uh, encapsulation, geeky word, but it comes up later. It’s the idea that one person makes it. Another one uses it, but the other one using, it doesn’t even have to understand the two decades that went into making the first thing, you just use it ’cause it’s there on your computer. The fact that this software is community-based, open open sourced, has one other really crucial distinction. I don’t know if you remember hearing something like this, Luke, uh, when Google was, I guess in its growth phase, they were saying that their motto, company-wide motto was something like, don’t be
evil. Remember that.
[00:41:20] Luke: Yeah. Which they famously, uh, like struck out of their mission a couple of years ago.
[00:41:26] Krys: Right. Uh, and you know, to some extent they, I mean, it’s sort of like I was saying, it’s in their DNA as a corporation. To make as much money as possible when you have community owned software that model changes to can’t be evil from, don’t be evil, to can’t be evil. the reason is, again, based on the math and the decentralized, uh, way the open source software runs, so that one person who say wants to take it over, literally can’t because they’re not in the majority, or it’s written in the code, that it can’t be changed and is going to be forever X. So this is one as a sidebar, right? This is one of the strengths of Bitcoin. As you could see the code, it says, can’t ever be more than 21 million Bitcoins. Many people I’m sure would like that number to be higher, but too bad. that ends up, you know, at this moment in time being one of its qualities, that it’s, um, it, it’s not even, do we want to or do we not?
It’s, it can’t be, and there’s no way to change it you got the majority of the people to cooperate. But that’s
[00:42:56] Luke: Yeah, that’s the, that’s the key point, isn’t it? Because any, anybody, and probably every day people fork, like create a different version of Bitcoin where maybe, you know, many of them probably have an unlimited number of tokens or a different number of tokens, but unless they get adopted by the majority of people.
It’s just in obscurity, it’s irrelevant. I wanna, I wanna just kind of, I was smirking a bit when you said like, this stuff prevents people from being evil. ’cause it kind of depends on your definition of evil. Like you, you are using it in, in a particular way to say in
[00:43:31] Krys: Wait, wait, wait a second. Let me, let me clarify. Uh, the technical point that’s important is not whether people are evil or like, you know, it’s not the ethical quality, it’s that they can’t, it’s, it’s more about moving from of values. Motto. We don’t wanna be evil to, it’s simply, uh, not technically feasible in the way we’re talking about this.
It’s not, technically you can’t for, maybe forget the word
[00:44:06] Luke: Yeah. Here.
[00:44:07] Krys: in, replace it more with, uh, greedy or uh, whatever. But the point is, no matter what you may want, you can’t do it based on math.
[00:44:20] Luke: Yeah, the, uh, yeah, like you can’t kind of rewrite history. Maybe even greed is like a bad term. ’cause obviously there are some evil people doing greedy things and launching like meme coins and doing rug pulls and like, like exploiting and yeah, so like, you can certainly do bad things with all these technologies, like you can with pretty much any technology if you have bad intent.
But the, the, what you are trying to say here is, um, like you, if I did a thing and if it gets adopted and everyone wants to use that thing like Bitcoin, nobody can come in and change that thing and shut me down and mess with it. Like the core principles. It is what it is. And I. It’s, that’s, that’s like robust.
Yeah.
[00:45:07] Krys: That’s a subtle distinction. Like if, and I’m gonna get to the the circus side of this in a bit, but. If you go to the circus or casino, it’s not the casino’s fault that it’s gonna take your money. says it right there. Right. We’re a circus, we’re a casino. Your odds are low. So that’s not so evil is allowed. Right. That’s not the point.
[00:45:32] Luke: Hmm.
[00:45:32] Krys: The greater point is that you can’t change the
[00:45:35] Luke: Yeah.
[00:45:36] Krys: Right. Okay. Um, I also want to mention that part of the incentive here, which I think you’ll appreciate is because you mentioned it in the previous Wall Street Wildlife podcast, um, Jeff Bezos saying, your margin is my opportunity. Right. Uh, just, just for our listeners, uh, pleasure. Let me mention that the take rate. Meaning actually, how would you define take rate?
[00:46:15] Luke: Uh, it’s like if a company facilitates some sort of transaction, it’s like the, the earnings they make by making that thing happen.
[00:46:27] Krys: Yeah. of skimming off the top, right?
[00:46:30] Luke: Yeah.
[00:46:31] Krys: the, the, the guy gets the, you know, like the middleman sort of gets his
[00:46:34] Luke: Yeah.
[00:46:35] Krys: right? The take rate on YouTube is close to a hundred percent, sorry, Facebook is close to a hundred percent. YouTube is about 45%, and even Apple, you know, notoriously charges up to something like 30% in their app store, right? I mean, 30%, right? Those, these are pretty large, large take rates because nobody owns. call it the blockchain network. The take rates are, I think, at the highest end. The, the network that sells NFTs and stuff is something like, uh, 2.5% called open C a network like Ethereum that their take rate is 0.06%. So this is key. Another key structural difference, once you’re using blockchain technology, the money is swimming around in that network stays there and no one guy is stuffing his pocket. So that’s really important and brings us to an important quality of this, the ethics. is what surprised me too about reading this book because I never really thought about it. That’s not true. I did think about it before, but not in this like stark contrast that you have all of a sudden a villain in the corporate networks. And if you have a villain, you get to have a hero potentially and wise the hero. A hero because they’re fighting for values that fundamentally represent, call it the little guy. And so really it’s this, it’s this war at this moment in 2025 between that is owned by a few versus a community that is owned by everybody. And so it’s a, blockchains are counterweight to extortion. And the slogan here is like, if you wanna get all, uh, hippie dippity, the internet built by everybody, for everybody you know, if you wanna really go back to and wear your bell bottoms and back to the summer of peace and love, that’s what you believe, right?
Like that there’s something like the internet ought to be. Governed by everybody because everybody uses it. And so, , let me move on to this notion of serious tokens, because you brought up, uh, the test case that is the most notorious thing about crypto, the circusy stuff. I bring it up all the time. At this point in the, uh, evolution of Web3, I think you’re seeing similar things that you saw back in 1999. Companies that are basically existing built on and dreams, but not offering anything serious. And fortunes were won and lost because it was pure speculative mania, right. Mo, like, I don’t know what the percentage is, right?
But something like 90, what 5% of the internet.com busted because there was nothing there. There, right? Same kind of shit is happening today in crypto. A bunch of these networks using these technologies have sprouted, but the way they use their tokens is primarily to speculate on the price action. That’s kind of their end all and be all. If you think of any celebrity tokens, what is that like? There’s no, it’s a bunch of tulips, right? product, there’s no anything besides mu game of musical chairs. You enter that room knowing, right? Like a casino that you, you are just trying to out hustle everybody else, and if you win, cool.
If you lose too bad for you, but that’s the name of the game and it’s sort of like it’s in the rules. But serious tokens also exist. It’s just that while all the loud, crazy maniacs in the casino are running around shouting at each other, right, that gets the headlines, that grabs the attention. Meanwhile, the people actually building stuff and creating, you know, value, takes time, which takes effort. Those tokens are not being talked about because its speculation is not involved because that’s not the name of the game. And to that end, very briefly, I’ll say they can be valued quite similarly to the way we value stocks. Ethereum is a, Ethereum brings in money. are paying to use that, that network. So now that you have money coming in, you have steady cash flows, and you have the number of tokens available, what does that give you? A price per earnings. And as the company, as the network grows and you have more people paying fees, the revenue goes up. Right? And then, you know, like it’s basic, it’s the same thing things we do with with stocks. It’s just not what you hear about at this point because they’re so few of them. So uh, what’s it called? If I have an ask of all of our listeners who are still with us, I would say this is a moment where you have to do a lot of work yourself to reframe mentally, cognitively, the fact that just because something is the loudest and the most dominant use not make that use the true use or the good use or the future that we’re talking about here. So talking about the future. This is kind of where I’m gonna start landing the plane. This is why I’m excited about this because if you believed or if you believe enough, everything I’ve been saying, then you’re looking at a moment in time where with Procr policy now about to or in place developers who have now been building this stuff for over a decade plus the technology is now good enough, fast enough.
The compute itself is no longer sort of the bottleneck and you have millions of these developers, people creating this code nonstop. We’re exactly, I think at the same moment that we were 25 years ago with the internet, and now it’s a question of, okay, can we build on this that will compete? the corporate networks that won’t let us have any fun. Right. They’re just about taking from us. So this is entirely, everything I just said is basically about creating a more fair revenue distribution model for anybody that uses and creates on the internet. What does that mean? Anybody? Well, let’s start with me and you. Right. We already know, even though, uh, Patreon is not, uh, does not run on blockchains, we, we do know that their take rate is something like 10% as opposed to a hundred.
[00:54:18] Luke: Yep.
[00:54:19] Krys: And they’re giving us more. Control over over our community, right. Versus YouTube, same thing, right? We’re, we’re basically incentivized more as creators to grow our community and we get to do more with them, right? So it’s more fair. That’s why we like that model. But now think of this more globally, like really zoom out and you get to something like, um, an example of a gamer.
How many, I mean, what the gaming industry is now like $180 billion business, right? Any gamer now could sort of play their game on a blockchain network. And if that network has in its code like a revenue distribution. Thing that says top gamers get 10% of the network’s revenues and then, uh, tier get whatever percent, then everybody gets paid, including people that make the games. Or like some normal person might, you know, level up their warrior to, you know, their wizard to level 20 and they could sell that wizard to somebody else for real money. But the whole point is that it’s fair and there’s a shot at giving creator, giving back to their creators.
[00:55:44] Luke: And, and because I, I agree with what you’re saying. I wasn’t sure what kind of conversation we were gonna have. And I see where you’re going now, and I see you sort of framed me as being like the skeptic. I’m not the skeptic about this stuff. I truly believe this is actually quite important. Um, and it’s not just about getting paid though, to me, more importantly it’s about privacy and control of your data.
So like if I’ve got, you know what, we have to use Instagram even though I freaking hate it. Right. And they Facebook meta own a lot of information. Me ’cause I’m on Facebook ’cause that’s how I communicate with my mom. And they could do bad when they do do bad things with that data, right. They use it to target me with adverse.
They use it, they sell it, they, you know, use it in lots of different ways where like a Web3 version of this stuff. And these things do exist. Um, they, they’re not widely adopted yet ’cause it’s kind of for the geeks at the moment. But when these things have like, widely rolled out and adopted, we’ll own our own data.
And, you know, if some company wants to market to me, well I will get paid ’cause I’ll give them the ability to see some information about me. And I won’t do that case by case. I’ll set some parameters and I’ll get paid. And I will get paid rather from the platform getting paid.
[00:57:00] Krys: Right. Yes. There’s a whole, I’m gonna take you down some, some other, yeah. Uh, dystopian versions of the future and, and nots and dystopian versions, but yes, that’s part of it. To go back to maybe more, some of these more fun use cases. again, go back to 1999, right? What we thought is possible versus what grew out of it. Example, musicians. On Spotify, the obvious winner platform in the world, right? many percent of musicians make greater than 50,000 a year? Meaning like borderline poverty? I mean 50 per oh, oh per year in poverty, but it’s like not exactly that much these days,
[00:57:52] Luke: right, right.
[00:57:52] Krys: How, what’s the percentage?
[00:57:54] Luke: Of all the musicians, I, I, I think there’s, I dunno the stats, but it’s gonna be like 0.1% or something like tiny. Yeah. Okay. Right.
[00:58:05] Krys: but basically if you’re a MU 98, basically you have to be a superstar rock act or whatever to have any hope whatsoever to make a living right off Spotify
[00:58:18] Luke: And, and I think it wasn’t like the, was it a Taylor Swift thing? Like someone, some major, major global artist called them out on how much even they were earning. Like they, their take rate is huge. Yeah.
[00:58:31] Krys: Yeah. Yeah. No. The more you start thinking like this, the more I think I, at least I did when reading this book, I started feeling like the injustice of it all. Like the kind of like I’m getting mad. Like, wait, this isn’t right. Versus, you know, in this world, imagine, just think with me for a second. You some group of developers creates a blockchain network all about music, and they code it in such a way that a musician that sells whatever they mathematically program, every time somebody plays your song, you get 5 cents. Right? Then it becomes. Sort of, uh, faded, right? And nobody can change with that. Nobody can mess with that. No, no. Spotify can’t all of a sudden switch the rules on you, but all of a sudden people have a fair shot. So, uh, and then you get even more creative and say, oh, uh, this thing, because it’s actually a contract that lives on a computer.
We could say every time somebody downloads my song, get, a free ticket to my concert. Or if they listen to my songs a thousand times, which can be documented, they get backstage passes or whatever. You could dream up, right? I mean, it’s a whole new world of possibilities, uh, that exist. Okay? Two, there’s, okay, so basically there’s all this art stuff, creator stuff, right? But then how I got involved with this. With Chainlink as my biggest position, if you remember that, that’s because of what is possible in the financial industry. And this gets complicated quick, but the corporate monoliths in the finance financial industry are things like Visa, MasterCard, PayPal, square.
I mean, there’s a bunch of them, right? But they have take rates that relatively speaking are high versus the possibility that a defi decentralized finance network basically gets rid of all take rates. So all of a sudden. itself becomes like a public utility that is free for everybody. That’s a whole new world.
That’s a whole new world that basically that fundamental layer, you don’t pay for what people build on top of that is where things get interesting and creative. my, my main man, the co-founder of Chainlink, has been on the record now for years and years saying this is inevitable. It’s no longer like a pipe dream, it’s just what’s gonna happen.
Because the incentives for all these companies to do it are too high for them not to. then you get creative with things like all of a sudden micropayments. If basically you’re not paying, you know, money to a middleman, if that goes away, then micropayments become possible. So you could all of a sudden start paying like a penny or two pennies do something, like send a song to somebody where you know, it’s, it’s so minimal that you don’t notice it, but globally it adds up. So basically your computer becomes your own MasterCard, right? Everybody becomes like their own of being a MasterCard. Okay? We could play forever in these kinds of scenarios. Let me turn to a little bit of the dark side, which you alluded to. We learned from Google that when you have a monopoly, there’s. Overwhelming incentive to basically game the system in your own favor, right? So when you Google something, gonna put the, the companies that they favor at the top that pay them the most, right? Or Amazon privileges, its own products near the top, and you have no say in that, right? So the distribution is who distributes the content Well, you and I know better than anyone, buddy, AI is here and AI is going to basically accelerate all this ai, as we talked about some previous episodes, is, is has Google itself in its cross hairs, right? Why use Google when you could get even better info with some chatbot,
[01:03:24] Luke: Yep.
[01:03:25] Krys: So this brings us clearly into this crosshairs of, uh, an explicit, dystopian future where if we sort of as humanity don’t think about this carefully, we are looking at a possibility. We’re basically call it all of the internet is run by, call it an AI overlord that does everything better than anybody else, but there is no, uh, call it, um, alternative, like even the corporations themselves are destroyed versus is a world in which you could say blockchain technology is, has advanced enough where individual networks are still in the hands of the people. And this is the same, I mean by analogy, I could say Sure. AI computers are now the best chess players and the best go players in the world, right? So we know they could do those things better than anybody, but we still play chess, right? Why? Because we acknowledge that there’s an art and beauty to playing chess on the human level. This is, I think, the moment where as AI takes off the blockchain, people are saying it can’t just be about that, because we know where that ends. The robots running everything, and humans are, you know, cogs in the basement working for pennies on the dollar, because that’s the model. I know that sounds grim, but you know, as I’m reading this, I’m like, holy shit, that’s actually like, why wouldn’t that be the case?
Right? Why? Of course. That’s the, that’s, seen it play out over the last 25 years. Here’s the last example, I think you’ll find fascinating, because I. You as an investor are deeply concerned with this issue. Deep fakes. We know right in like five years time the level of phishing scams and the level of like deceptive practices are gonna be fucking out of control to the point where humans won’t be able to know what’s what and God knows what’s gonna happen to like civilized society if we’re not careful. One way to protect ourselves against all of that is basically start building on blockchain networks allow a sort of verification system in the code that says, okay, if you publish an article on our network, this article has to be vetted by at least 60% of our users. Right on the blockchain. Once that number is reached, we publish it because we know that it’s not a fake or whatever system of balances, but that, but you know, it’s retaining the control on the side of the creators and the software rather than the hardware.
[01:06:25] Luke: Yeah, like a, yeah, like, um. Like in the future, if you wanted a Christophe and Luke Wall Street Wildlife Podcast about any topic of your choice, right? You just ask your model to produce that, and you can do it now, right? You’re just gonna get these two generic, like Google kind of voices doing the podcast for you, but you’d be able to get like the two of us swearing and talking nonsense, and it would look like us, and you’d have no way of knowing.
What this world lets us do is kind of like cryptographically like prove that this is actually an authentic Wall Street Wildlife podcast episode that really came from us. Maybe we are generating it. We bots ourselves and we got our feet up soup in like Banana Zacharias on a beach. But it’s, it’s like the legit content, not someone else’s version of our content.
[01:07:14] Krys: right. And we’d be able to prove it and we’d be able to basically secure it in much the way that the bit Bitcoin network. Now is deemed uncrackable because it’s both a numbers game, a math game, and game theory. Like when you add the game theory element to it, it’s in everyone’s best interest not to crack it.
So even if it were mathematically possible to crack it, people still wouldn’t because there’s too much to lose in that case. So it’s, it’s this combination of humanity now has a chance to sort of, uh, what’s it called, forestall or prevent this dystopian future before it gets out of hand. And we know that the developers are already there and we’re already building.
And that’s I think, why much of the crypto community obviously voted for Trump because they’re like, finally somebody. Understands this problem well, and I mean, I don’t like Trump’s character whatsoever, but it’s, it’s almost like he might be wr right for the wrong reason because I sort of think of him, you know, like grifting first, uh, versus ethics first.
But it’s so happens that he’s supporting, I think the more ethical platform despite all the other stuff. But that’s neither here nor there. Let me land, let me land it this way, Luke, here’s the summary. Here’s, here’s the overall pitch. the internet is now about to take a huge leap forward, and it’s going to do this by solving an architecture problem. We figured out a technology called Blockchains that basically design networks better. The question is, who do we want to control the world, the digital world that basically now be, is becoming a great and greater part of our lives with the metaverse on its way and all of our things, right?
Our digital and blend of digital and physical and more and more digital, right? Who do we want to own? That if we say to ourselves, corporations, then we’re gonna be slaves? What’s the alternative? This stuff is the alternative. Blockchains are the only credible known architecture for building networks with social benefits of protocol networks and competitive advantages of corporate networks. That’s it. Like this is, this is it. And so that is why, um, I guess for in, from the investing standpoint, I. I’m, I’m not shilling any one particular token. The only company I, know, own is Chainlink, which is a protocol itself, which might be a little confusing, but Chainlink is what’s gonna allow the Defi networks to do their thing. And after finishing this book, man, I was like, this is serious stuff. This is not, this is, this is like the future of humanity, the future of civilization, the future of like countering dystopian things may or may not happen. And whoever the winning companies are, whoever the sort say specific winners are, that is like, that’s gonna be the fun part to sort of like, you know, speculate a little bit or place your bets strategically here and there.
My point in wanting to record this to you is to say the foundational, uh, technology. Um, I think good investors, smart investors, would look at this as a moment equivalent to 1999 and say, oh my God, the opportunities here if done well are astounding, and those who are right and early basically change the world and we could do it again.
You just gotta start looking and thinking of it in a very different way from the, the way most people look at it. So that’s, woo, I’m tired.
[01:11:31] Luke: Thanks for, uh, thanks for sharing your wisdom on the topic with us. Christoph, I know you read Voraciously and you make notes voraciously, so it’s good for you to, uh, good for you to share. Your thoughts on this important topic? You’re right. I I, I didn’t come into this as a skeptic, and I’m not a skeptic now, but I, and I think you’ve, you’ve landed the plane well saying, do we want to be, are, are we, are we gonna sleep, walk our way into being slaves of corporations?
Are we gonna take back control? I’m a geek and, you know, I had, for example, signal on my phone for years. Trouble is nobody else wants to use this technology. And so I fear that we’re gonna sleep, walk our way into the dystopia. Um, I dunno what the wake up call could be.
[01:12:22] Krys: Well, I guess I, I suppose, uh, I’ll answer this last bit this way. I think there’s something to be said about generations and you and I are, I hate to say ’cause we’re both still so devilishly handsome, but you know, like we’re sort of, we’re not the generation that was born with an iPhone in hand. Right. And I like, as an investor, the motto, go where the developers are. proved very successful as a principle to me. And the developers. So many smart, hardworking, really dedicated young people are all in on the crypto stuff. They do not as a generation want to go and work at Meta or Google selling ads. They’re like, oh my God. We have what? We have the internet, we have pocket supercomputers, and we have ai, and we have this new network structure that basically allows us to own the things that we build and create and share. And you want us to do what? You want us to work for the man? I will take that bet. I am officially taking that bet that as fringe as this stuff might seem right now, call it three years from now, when you and I are having this conversation in 2028, I will be really surprised if we don’t already have like a, a call it popular culture level new network built on blockchains that is directly taking it to one of these incumbents. That’s my bet. That’s my call.
[01:14:19] Luke: Yeah, I like it. I, I hope that, I hope it is the case. I hope things, products like Brave Succeed because they are a different model.
[01:14:28] Krys: Yeah, I mean, it, it’s exciting and, you know, the ethics of this, the value of this, the, all of this stuff just gets me really excited and, and that’s what I hope maybe our listeners can take away from this message. There’s a lot more at stake here than a geeky technology. And so, uh, we welcome your feedback comments over on patreon.com/wall Street Wildlife. We love hearing from you. And, um, that is where I am going to post the long, long extensive mind map I made from this book. I left out a bunch of stuff in this conversation, ’cause it would’ve been three hours long instead of just an hour 15. So check us out over on Patreon.
[01:15:11] Luke: Are you ready to become a beast of an investor?
[01:15:15] Krys: Your journey starts right here.
