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World Coin's Impact: A Breakdown of its Pros and Cons

World Coin's Impact: A Breakdown of its Pros and Cons

Released Saturday, 29th July 2023
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World Coin's Impact: A Breakdown of its Pros and Cons

World Coin's Impact: A Breakdown of its Pros and Cons

World Coin's Impact: A Breakdown of its Pros and Cons

World Coin's Impact: A Breakdown of its Pros and Cons

Saturday, 29th July 2023
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Episode Transcript

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0:11

All right , on tonight's podcast , what we're going

0:13

to be talking about is this new cryptocurrency

0:16

, the world coin . As

0:19

we'll see with all the rave about

0:22

this new coin right , it came out

0:24

Tuesday , so today is what ? Friday

0:26

to 28th , so just a few

0:28

days ago . It just came out just a few days

0:31

ago and

0:33

it's actually making a huge

0:35

presence in the world already , right , there's

0:38

about two million users

0:40

already right , most

0:43

of these users are from overseas

0:46

and in developing countries too , right

0:49

? So if you

0:51

probably haven't seen it on the news or

0:53

listened to this in some time in the future , what

0:56

is world coin ? So

0:58

I'm just giving the audience a

1:01

little bit of background , give you guys a little bit of background

1:03

on what it is right , and who made it . So

1:06

you heard of that small

1:08

little technology called

1:11

OpenAI , right

1:13

, ChatGBT , yeah

1:15

, yeah , well

1:17

, sam Altman , right , is

1:20

the guy who co-founded that , and

1:22

he's actually one of the people who co-founded

1:26

ChatGBT as well as this project

1:28

, so he's the co-founder of this project . Right

1:31

, this

1:33

coin is supposed to solve some

1:35

problems , right , that we're

1:38

supposedly having right

1:40

now in this digital world , right

1:43

? Right , it's supposed

1:45

to , anyway , yeah , well , yeah , I

1:48

mean it's a quarter to a quarter to him , right , this is what

1:50

it's doing , right ? So what do you do

1:52

, right ? So there's a couple of things

1:54

that you could do to get started if you was interested

1:56

in doing this right . So what you would do is

1:58

download the world Coin

2:00

, yeah , world coin app , right , which

2:04

I'm surprised it came so fast on the platforms

2:06

already , but it's

2:08

on there Go to Google , or

2:10

even Google Apple , download it and

2:14

then once you download it and put your information

2:16

into the system , then you will go

2:19

to the local orb station

2:21

. Yeah , the nearest orb station ? Yeah , so

2:23

they have them all throughout the world

2:25

. Obviously they just find

2:27

the major city next to you , then

2:29

more likely it would be one there , right it

2:32

?

2:32

would be cities , big cities .

2:33

Yeah , yeah . So

2:35

you'll go down there , scan your irs and supposedly

2:37

you'll get about $50 worth of

2:39

world coin .

2:43

That's the incentive .

2:44

That's the incentive . Yeah , so you

2:46

are basically giving up your digital

2:49

input for

2:52

a digital ID . So there was

2:54

a couple of things they want to do with this world

2:56

coin . Right , it's just not another cryptocurrency

2:59

they're trying to make this into , like your digital

3:01

passport actually , and

3:05

a lot of crypto people really hate this

3:07

, and I can understand why it's for a couple of reasons

3:09

. One reason for

3:12

the investor crypto enthusiasts

3:15

the token items of this is really horrible . They

3:18

already max diluted at $24

3:21

million and only 1% of

3:23

it is on the market . So

3:27

when it came out , actually on Tuesday , it

3:30

was worth $0.15 . And

3:33

now it's worth . Then it went all the way to $5

3:35

. So imagine if you got in at $0.15

3:38

.

3:38

You didn't make a little profit at $5?

3:41

.

3:41

Yeah , and now it dropped about $2 or

3:43

so . But the

3:45

problem is with that just to get you understanding

3:48

on that because only 1% of the tokens

3:50

out on the market . The more tokens that comes

3:52

out on the market , the more diluted it

3:54

would be .

3:54

It could push back .

3:56

Yeah , so the price will be lower because

3:58

there's more coins out there . Now . It basically

4:00

calls in inflation in the token itself . So

4:03

that's why one reason they come to crypto

4:05

enthusiasts . Another

4:09

reason why , on the other side of the crypto enthusiasts

4:12

, why they hate it as well , is because it fringes

4:15

on your privacy . This

4:18

is basically what they're saying . This

4:20

coin is another form of CBDC

4:23

central bank , digital coin or

4:25

currency . People

4:28

say , hey , what is wrong with digital currency ? We

4:30

already have that right now . Well , you

4:32

slide your credit card or cash

4:35

happening . That would be considered . Well

4:38

, the thing is , it's not just

4:41

something to

4:45

. They want to just come and shut down your background

4:47

for unfair activities . What

4:50

they're really doing with these coins is

4:52

they're tracking your behavior

4:55

. So

4:58

it's something very , very close

5:00

to like how China's

5:03

social play when we talked about that .

5:04

Yeah , we did .

5:05

Yeah , so

5:07

you're going to be able to track your behavior , like

5:09

how online . You know how do I like

5:11

to say , if you look at your YouTube , how the rhythm

5:13

Yep , it's start playing stuff

5:16

that you clicked on . So the

5:18

CBDC , they is going to report this

5:20

information somewhere to

5:23

someone to

5:25

entice you to continue

5:28

to kind of spend it . Now it

5:30

could have a lot of different negative implications

5:32

on it . So like say , if

5:34

you drink a lot

5:37

but then they start giving you , if you spend your

5:39

real coin

5:44

on more alcohol , what does the algorithm

5:46

showing that you already buying alcohol ? So

5:48

hey , let me push the cigarettes

5:50

coupons on you , Let me push these alcohol

5:53

coupons on you .

5:56

Bars and stuff .

5:57

Yeah , yeah , and

5:59

every happy hour in your local

6:01

area , come by , swing by and spend

6:04

your real coin . Would

6:06

that kind of be pushing people ? I

6:08

don't know , this is speculation .

6:10

They could track that you're somewhat of an alcoholic

6:12

and maybe stop your funds for

6:15

you to even be purchasing it , because

6:17

maybe you know how people

6:19

getting dying car accidents , I don't know . You

6:22

know I feel like I'm being intrusive .

6:24

But I think I don't think they will stop you

6:26

because , let's face it , america's

6:28

greedy and they don't want

6:31

that money and they really don't care . No , so

6:33

for them to stop for it because you're drinking alcohol

6:36

now , they're more likely it's going to be the

6:38

same , I mean .

6:38

But they could , though Probably , like you said , it'd be the complete

6:41

opposite , of course , because they want you to buy , buy

6:43

, buy America's greedy , but

6:45

they could up to saying

6:47

it's one more thing .

6:49

Now what probably could happen is , say , you

6:52

won't be able to spend your real coin at a bar if

6:55

you have like a DUI or something like that

6:57

, maybe .

6:58

Yeah , because I'm

7:00

thinking that , like you

7:02

know , my thoughts on it is basically , I understand

7:05

what you're saying about the crypto enthusiasm

7:07

, not liking it , and I don't . I don't really

7:09

like it either . I mean , I'm 50-50 . I

7:11

don't really know about it enough . But

7:13

my , my reason is that you

7:16

know , like he was just saying , like the person

7:18

that drinks and they showed them this and they showed them that

7:20

and he pushed them to no group ponds

7:23

and then local bars and spin , spin

7:25

, spin . The

7:27

intrusiveness of it , like going

7:29

there to a center and getting

7:31

your eye scanned . I mean

7:34

I know we already have these type of things in place

7:36

with the phone where

7:38

we do the biometrics and stuff , but

7:40

I think for me it's a little bit too

7:44

intrusive , I guess with

7:46

the world ID number .

7:50

Well , one of the things that this is supposed

7:52

to be solving just

7:55

to elaborate what you're saying is it's

7:57

supposed to do a proof of personhood

8:00

, right ? So this iris

8:03

scan is just basically to prove that you're a human

8:05

. So you say , okay , what's

8:07

the big deal ? Well

8:10

, it may not be

8:12

right now , but I don't know where this may be going . But

8:14

I do know one thing that it would probably eliminate

8:16

is those capture boxes . Would you push

8:19

? Yeah , the capture , yeah , human and the

8:21

bots , yeah , google

8:23

and Apple has already said

8:25

that it was supposed to been this year

8:27

. I don't know if it's been pushed back , but

8:30

they're going past

8:32

wordless . Maybe this is just the

8:34

first step to kind of like see how

8:37

people feel with or

8:39

you know .

8:40

I don't know . It was

8:42

like you just said they really don't care about the people . So

8:45

I don't know the hidden agenda behind

8:47

it . For me it's something , it's very much

8:49

something , but I'm not quite sure what it is

8:51

. And you know what my heart ? I'm a conspiracy

8:54

theorist all the way , so I just don't know what

8:56

it really . I

8:58

guess it's just that , it's just . The problem for me is

9:00

just that . One more thing I know they're saying

9:02

it's supposed to eliminate capture , eliminate

9:05

bots . You

9:07

know .

9:09

Because I think it's really to track your behavior

9:12

.

9:13

To track your behavior . I mean , I think- .

9:15

So they can market to you more . I

9:18

mean I do that already .

9:20

I mean , how much more they already do- .

9:23

Well , like , okay . So , for

9:26

an example , like if you were

9:28

a person just to say

9:30

I don't think they would do this , but to say that they got rid

9:32

of in America , they got rid of paper money , right

9:35

. So

9:39

you know , the only way you can buy things is

9:41

through digital assets , right ? So just say

9:43

, the grocery store , cbdc or whatever case

9:45

might be . The one

9:47

hard thing that's gonna be is , you

9:50

know , say , like , if you like

9:52

, do what the what Like

9:54

, okay . So if you was to go in and start buying

9:57

a lot of alcohol or , like I said , or cigarettes

9:59

, or maybe baby clothes

10:01

or stuff like that , right , it's

10:03

gonna just push you . The

10:05

algorithm is gonna just push you to just , to

10:09

, you know , purchase those items and more so , right . But in

10:11

the big skew of things , it's

10:14

gonna really benefit business owners , small

10:19

and big . You know what I mean

10:21

.

10:21

I mean , I get it from that I mean I get

10:23

it from that aspect because we do

10:25

that already , they do that already , so

10:29

I get it from that aspect , that

10:32

view of how it could help

10:34

business owners . You know , but

10:38

the extra Irish scan

10:40

for me and

10:42

I don't know , it's just something

10:44

about it . I'm not quite sure , and I know they were

10:46

saying something about the universal basic

10:49

income for everyone .

10:51

Regarding this , yeah , well

10:53

, let's say it'd be enough AIs be used

10:55

in the world itself , then they

10:57

can generate enough money to give people . This

11:01

was Sam Altman was saying he can generate enough money

11:03

that can generate a

11:06

universal basic income of about $1,300

11:09

a month that it can give to everyone

11:11

, Right , everyone . I

11:14

think one of the reasons is about before

11:16

that it would because of- they're

11:18

going on it because the AI . Yeah

11:21

, yeah , so- .

11:22

They don't wanna create . If they don't want complete

11:24

chaos and corruption with the

11:27

people , my people

11:29

of the resistance , they will have

11:31

to give that universal income , because

11:33

it will be chaos . I

11:36

mean , especially if , like regular working people

11:38

just can't work anymore . We're not talking

11:40

about the people in the projects

11:42

that's used to being , for you take

11:45

a working class family

11:47

and all of a sudden they have nothing and you take

11:49

hundreds and thousands of them

11:51

. It's gonna be a rise up and they don't

11:53

want that . They're gonna have to give

11:55

universal income . But

11:57

I mean , at the same time , I

12:01

don't know .

12:02

Well , they claim that this thing is completely

12:04

anonymous . It just scans your eyes and that's

12:06

.

12:07

I don't believe that .

12:08

You're right , because there's a couple of things that kind of red

12:10

flags is that they has a customer support

12:12

service . I mean , how can

12:14

you Customers , what is there to support

12:16

? What is there to support ? You don't

12:18

know who I am .

12:19

Yeah , you know . So basically

12:21

, what they may do is you just give me

12:23

your world ID , we'll check into

12:25

it . But I mean truthfully

12:29

, with anything digital

12:31

, it's really no

12:33

secret , it's really you know what I'm saying . If

12:36

they wanted to seize or stop or do anything

12:38

to govern me , the elite whatever you wanna call it wanted

12:40

to get into your account right now , they can

12:42

period . But you

12:45

know , I just think this just makes it just a tad

12:47

bit easier with their world ID number , just

12:49

to do it from without having to do

12:51

great investigation . You know , let's

12:53

deceive this person still , this

12:55

committing fraud , blah , blah , blah , and

12:57

have to investigate it .

12:58

But they can just to do put the number in and see this

13:00

, that maybe shut it down for wherever they

13:03

are , I don't know Well yeah

13:05

, well , on the other side , it can

13:07

really help people who , in

13:09

developing countries that do not have access

13:11

to banks , be able to have

13:14

some form of currency or

13:16

conduct business right . Then do

13:18

a digital so like banking the unbanked

13:20

right or the underbanked right . So

13:24

if you go to like a lot of , you

13:26

see it in a lot of those countries where

13:28

people own like a lot of the

13:30

street shops and things like that right .

13:33

Yeah .

13:35

And you know , sometimes hey , let's face it , sometimes crime

13:37

in certain areas , in certain parts of the world

13:39

are really bad . And you may

13:41

have that street vendor that worked hard all day and

13:44

you know , before you even get home you get robbed

13:46

because he has cash . That's the only thing that

13:48

he has . Right , mm-hmm , that

13:51

the digital currency may

13:53

be a form of way that

13:56

can help him at least protect the money

13:58

, right ?

14:00

Yes , I mean in that aspect

14:02

that it started taking people's eyes out . That's

14:05

totally you know . Instead of robbing them

14:07

, now they take his iris Like I don't know . I

14:09

just don't really know how I feel about

14:11

it . I mean , maybe I'm reaching

14:13

, but I do get your

14:15

, you know . Yeah , it

14:17

does have its pros and cons . Yeah , I mean I

14:20

get the pros just worried about the cons

14:22

.

14:22

Yeah , see so like a problem

14:24

, right . I'm just gonna go through a couple of these , right

14:26

. So

14:29

what's some of the problems here that they have , like , like

14:34

, social media has a lot of fake accounts ?

14:36

Right .

14:37

So what this does ? It hurts , like people who

14:39

what we see all the time with Gala I talk about

14:41

all the time what people would even

14:43

have the Gala

14:45

games . It looks just

14:47

like a website , oh , right , and then the blue check

14:50

mark as well , yeah and

14:52

. But this is a fake identity of

14:54

a person who doesn't have to do with Gala . And

14:57

we've seen this , we've seen this with all type of people . Right

14:59

, they'll get the account and

15:01

on Twitter or somehow they

15:03

still get a blue check mark . Right , make

15:06

it look like it's authentic , but it's not

15:08

. You see what I mean . So it could probably

15:10

get a cut down with that , because you

15:12

have to be your your world ID , you

15:15

know , can , only you could be on the only

15:18

A real account

15:20

, right , so that can solve that . Like

15:23

I said , we talked about the capture pass and I

15:25

hate doing those stupid little boxes .

15:27

Are you a human , a robot right

15:29

.

15:29

Yeah , check the bicycles and sometimes

15:32

the whole page , the bicycle , yeah , and

15:34

you can never really capture it . So that's going

15:36

to take out that application , right ? You

15:41

know people have been a lot

15:43

of different , okay , so this the thing

15:45

that people like to do in crypto as well , say

15:48

, if they know is an airdrop is coming . So airdrop

15:50

is basically when a company decides

15:52

to give you a token just

15:54

for participating , right ? So they

15:57

just say , they just say to give you $15 or $10 , right

15:59

To every , to every

16:02

, to every wallet

16:04

, right To

16:07

every wallet . And so what people would do

16:09

is they'll create a

16:11

hundred wallets .

16:12

Yeah , they'll try to get $15

16:14

for each wallet , right .

16:15

So we've seen that with Jake Right . When

16:18

he did that , you know , he used a system

16:20

it's called surfing right , the surfing Smurfing

16:22

, smurfing yeah . So

16:25

he created all those accounts to maximize the

16:27

profit and you'd only get five per person , but

16:30

it'd be a $500 . And he made so many accounts

16:32

, yeah . So he's trying to get a million dollars

16:34

off of it and you know , we already know the

16:36

story behind that . But

16:38

that's a reduced stat because there's only going to be

16:40

one world ID . You're

16:42

going to have one account with that , right . So

16:46

that's another thing , right , it

16:48

could help with the attack on the node

16:50

system itself , so it

16:52

can create too many nodes , fake

16:55

nodes , I mean I can get it for those things

16:57

.

16:57

I mean it'll cut down

16:59

in those areas I get

17:01

. But it's just the other things .

17:03

But look though right . Also , it can help

17:05

with the fake ID . Cut down fake identities

17:07

. Like you know , people taking advantage of social

17:09

welfare law , of government

17:11

spending , you know and also fake

17:14

voting , right . It can help with

17:16

that . So I would say you have to get the intro world ID

17:18

if you want government benefits , right

17:20

, or you have to get your ID when it's time for you to

17:22

go voting , All these

17:24

things . What we'll be able to and

17:27

I think one last thing too with

17:29

it is that I think celebrities

17:32

are probably like it too , because now they

17:34

can't people can't create deep fakes

17:36

.

17:37

What's that ? Like when , like

17:40

if somebody looks and sounds

17:42

like a celebrity and they're

17:44

doing the snatching the voice , the

17:46

air voice duplicate . Okay .

17:49

They make them look just like the celebrity

17:51

and see , because what's happening is like

17:53

okay , so you , what they'll do is say

17:55

like they have a platform

17:58

, and they'll be like , okay

18:00

, send me $100 and your

18:02

favorite celebrity would give

18:04

you a shout out or personal message Like

18:07

well , I've seen wrestlers do this , like

18:10

Roman Reigns , like to have

18:12

him say , hey , hey

18:14

, camille , thank you for being

18:16

a WWE fan . We

18:19

hope to see you at SummerSlam

18:22

or whatever . Right the

18:25

personalized message .

18:27

But you'll know it's the real him .

18:29

Well , yeah , but

18:31

then you know , but this is before AI came

18:33

out with the deep fakes , but they

18:35

were charged people . The robo-race would charge you $350

18:38

. Right , right . So

18:41

, but you figure you have a person that's making a whole bunch of

18:43

fake celebrities , got

18:45

you , he's getting the $350s

18:48

per person , per account or a poor person that's signing

18:50

up to hear that ?

18:51

Yeah .

18:52

And just speaking of that , it's another thing too . We

18:55

should probably consider all this catfishing

18:57

that's going on with people

18:59

, yeah , and making

19:02

these accounts Like , if

19:04

you like . But we already know that now

19:07

, on just using AI power , that

19:09

you can be whatever you want to be . Anything

19:11

Like would you , whatever gender

19:14

, and you could sound like whatever .

19:16

I don't think it will stop that though , because

19:18

your world ID , remember , is not going

19:21

to be tied to .

19:22

I mean , you may have once , they have once account

19:24

, but I mean I don't know

19:26

how well that's going to stop people

19:29

from faking and fraud Well , that's the Irish

19:31

thing is going to come into handy , because

19:33

if you want to do , once it

19:36

becomes something normal that you do on your phone

19:38

, then it's going to hard for you

19:40

to create another account or anything

19:42

, because once that that

19:44

world ID is stuck into your phone , just

19:46

like how Apple is .

19:47

I see what you're saying .

19:50

It won't be able to create the fake IDs . I get it . You go to another

19:52

device and you your world ID

19:55

number . Yes , it's still going to be the same , no

19:58

matter what device you use .

19:59

People will be able to get around it . I know I'm

20:01

not quite sure how , but I'm sure people will eventually

20:03

. But I'm not sure how much

20:07

the catfishing

20:09

part , because you can

20:11

still be fake and phony Even

20:15

with that world ID , someone pretending

20:17

to be someone you're not . You just can't have a lot of accounts

20:19

with it , but you definitely can . But

20:23

the one thing I guess I can

20:25

say is that if someone sends that person

20:27

money and they're lying about who they

20:29

are , they probably can find out who that person

20:32

is easier . That's lying , not faster

20:34

. Yeah , so that

20:36

that might be a way . But people I believe people

20:38

want to be catfished . It's just me , but you know .

20:41

I think about you yeah .

20:43

But in that aspect of like they send a thousand dollars , a dollar to

20:45

someone who they believe to be someone

20:47

else and maybe , if they want to retrieve some of that money

20:49

with the world ID number , hey

20:51

, maybe they can catch the individual who's lying

20:53

a little bit easier . And that's what I'm thinking about

20:56

. The world ID is just making it one more

20:58

step easier to identify

21:00

a person . I guess you know for

21:02

fraud or you know for anything , I guess

21:04

. But I mean , that's not so much an issue

21:06

, but I don't know , I

21:08

don't know how I feel about it , you know .

21:13

I think it has just as much pros

21:15

as it does have cons . I think , you

21:18

know , it just really just depends on

21:20

how many people feel like it

21:22

did . That is useful or is not useful

21:24

. But I don't know , being

21:26

that it came out , the way that it

21:28

came out , and the amount of people

21:30

that's used it . It's so fast , it's

21:32

really really fast .

21:34

People pick up on it very quick .

21:35

Yeah .

21:37

They've adopted it very quick .

21:39

Really .

21:39

I mean a couple of days and two million people have

21:42

already , and that's rising . I

21:45

mean , I don't know . So

21:47

you know , like we were talking earlier , how do you feel

21:49

about people that can't get their eyes

21:51

skinned , like , say , they make us have to do it , and

21:54

that's my sphere , that they're going to make us have

21:56

to do it , like with the vaccines ? They'll say

21:58

, well , you don't get your world ID , it

22:00

can't work . See , it's all . And those

22:03

are the things that I worry about . When they start

22:05

implementing social , I

22:07

mean certain

22:09

things like that , certain social

22:12

, what you call it , like the ID

22:15

and the vaccines , and I mean when they

22:17

start making you have to do it , where you're

22:19

losing a lot of your freedom or your freedom

22:22

of choice and stuff like that .

22:23

Well , you know , all these years we

22:25

watched that YouTube guy , cryptoteacher

22:28

, and he always talked about there's two

22:30

, always two , of you . There's your digital

22:32

self , in which we started to

22:35

see is coming from the position , and

22:37

then your physical self , but

22:40

your digital ID is

22:42

going to be completely separate

22:44

, just like how about business ? It's completely

22:46

separate from you , but now

22:49

your digital ID is going to be something

22:51

more prominent used . So

22:54

this is one of the reasons why I think this is why they're doing

22:56

it too . They're trying to push this digital

22:58

ID you know , this

23:01

digital ID to

23:03

the forefront . I think this

23:06

might be weird , but I just think that

23:08

your digital

23:10

ID people gonna be focused , so more

23:13

focused on getting their digital

23:15

ID into a better place

23:17

than their physical ID . I

23:21

think it's gonna be . If this pans

23:23

out the way I'm thinking it's gonna pan out , which

23:25

I'm typically right on

23:27

these things , but- .

23:29

I think it eliminates racism a little bit . You won't

23:31

have- .

23:32

Oh it's not .

23:33

Well , yeah , it's a world ID number . You shouldn't know what I am

23:35

if I'm not tied to anything

23:37

.

23:40

Well , that's the thing it's like . I

23:43

think it's gonna be Definitely

23:45

tied to you , yeah

23:47

, but I think it's gonna be more of your image . So

23:51

you know how people like to have fancy

23:53

titles which don't

23:55

do shit .

23:58

So on the digital aspect too

24:01

, that's what I was asking about racism , not

24:03

more on the physical . Of course you can see me

24:05

if we're but they won't like if

24:07

you're doing business . You know how some people don't wanna do business

24:09

with certain people , this and that , but if your world ID

24:12

is at a certain status , your world ID

24:14

number you won't know If

24:17

I'm black , white , this , that so

24:19

that would help Okay .

24:20

But I think that would help yeah .

24:22

Yeah , well , I'm saying in that aspect , not

24:24

racism in a physical .

24:25

Yeah , well , I think that would help and I think

24:27

that also would actually help a lot of people

24:30

who are

24:32

not able to get or who

24:34

weren't able to . So we know that

24:36

just statistic shows that black

24:38

people , when it goes to

24:40

the bank , they're they're not , yeah

24:43

, they're twice likely to be the night night . They're

24:45

business long . They're whites , right . So

24:47

this would actually reduce

24:49

those if we just go like how cryptocurrency does

24:51

. So , if you have a

24:54

certain amount of Bitcoin , you

24:57

go to a Nexo platform or

24:59

whatever platform , right , any kind of lending , crypto

25:01

lending platform . They don't

25:03

care . If you just have

25:05

, if you have the enough Bitcoin , they

25:08

will lend it to you . They will lend you

25:10

the cash for it . Right , they don't care about

25:12

nothing else . They don't care about . They don't actually nothing else

25:14

. They just see a number and

25:17

if that number is to the satisfactory

25:19

like , say , you want $50,000

25:22

, to give them $100,000

25:25

, right . So

25:27

that's what they look at . So , like if your World ID

25:29

has a whatever

25:31

score . Yeah high credit score

25:34

maybe $50,000 , whatever right and

25:36

they don't need to know your race

25:39

, your age , gender

25:41

, nothing like that . So this is kind of like

25:43

. This is kind of like what

25:47

God it's funny , right . But kind

25:49

of like how I was saying that people

25:52

are going to be . They're making

25:54

the world so confused and

25:56

identity less , so

25:58

people don't know who they are Like . You hear

26:00

people say oh , I'm non-binary , so no

26:02

gender , no race , no , nothing like that . So

26:05

it'd be perfect for people like that

26:07

. It already because

26:10

they don't identify themselves as a certain

26:12

statistic

26:14

right or race or

26:16

color or nothing like the gender right

26:18

. They don't know the social

26:20

norm or whatever right . They don't identify themselves

26:23

as a part of that . So something like

26:25

having a World ID where you're just a number In

26:28

the digital world and yeah .

26:30

So in the physical world . That's where the issues

26:32

lay . The digital world I'm

26:34

starting to understand what you're saying . Well

26:37

, the World ID if

26:39

you have good credit

26:41

, if you're a business person , you can do business

26:43

, business disinnet , just using the ID , world

26:45

ID number right ? The problem

26:48

now lies in the physical . Now

26:50

, what universal income ? Now

26:52

, what is it that you

26:54

do as a , as he was

26:56

without ? You know , say you're

26:58

not that , you

27:01

know you're not that great

27:05

in the digital world , you don't have

27:07

great credit score

27:09

, you're not . You know disinnet

27:12

. I mean , we have people like that now , like

27:14

you say , faking , like turkey baking

27:16

on Facebook , faking , but now

27:18

you know . The problem is now how do you

27:21

address the physical ? We just gonna live in this

27:23

AI

27:27

, this world of just AI

27:29

digital number . See , I know

27:31

that that's a dream for you , but

27:34

for me oh no , it's not

27:36

that it's just a reality .

27:37

I mean it's actually

27:39

a reality because think of

27:41

it now we're halfway there , like

27:45

you know- .

27:46

So then the question to me is like what now

27:49

for the physical world ? It'll

27:51

be like Wall-E world nobody working

27:53

, everybody fat rolling around in chairs . No

27:55

because no jobs , what ?

27:58

You know , I mean we'll be long

28:00

gone dead before that happens .

28:03

I'm just saying they eventually , like

28:05

you know- .

28:07

No , I don't think so . I don't think it would

28:09

be like that .

28:09

I mean I'm joking when I say it , but I'm just saying

28:12

I'm joking , but I'm not . What I'm saying

28:14

is like in the physical

28:16

you strip the employment , you

28:18

strip pretty much everything . Everyone's

28:20

on a- .

28:22

Well , I think what would happen is like

28:24

what always happens I think new jobs

28:27

will always be created . I

28:29

don't think , well , all jobs will

28:31

leave , but I just think new jobs

28:33

will be created , that's all . I

28:35

believe there will just be new jobs

28:37

.

28:37

They won't be- , I guess , just working on AI or

28:40

working with AI . I think you would be more geared

28:42

towards that . Yet Robotic what's it called

28:44

? Robotics , yeah

28:46

?

28:47

Robotics , ai

28:49

, ml , and appreciate learning

28:52

technology , all the stuff

28:54

, because I think of it . Right , just think of it . Ten

28:57

years ago we didn't have people flying

28:59

drones for movies

29:01

, e-sports . People

29:04

weren't flying drones to do capturing

29:08

footage for YouTube

29:10

as they do . No , they weren't doing that Ten

29:13

years we wouldn't do that . But with the technology

29:15

enhanced with drones , now people

29:17

are doing aerial shots , beautiful shoots

29:20

, places that they would never get to shoot . You

29:23

know why ? Because of technology , it's

29:25

just a new . Now you have people that just

29:28

do strictly aerial shoots

29:30

at scenic places

29:32

and make beautiful videos of that

29:34

. Look

29:36

how , even now , like the news

29:39

channel , they're standing in the helicopter . Man

29:41

, they're up there . You don't have some

29:43

news seven in the helicopter beaming

29:45

down with the big ass camera on the

29:47

shoulder . You don't have that anymore . You have

29:49

the drone right over the crime

29:51

scene . Now , right . So

29:54

it just changes , it

29:56

just creates another job . It's

29:58

not too much different . So I

30:01

think it's just with the push forward , like

30:03

I'm not afraid of how the technology

30:05

is going to go , because I know a new type of job is going

30:07

to go out , Always embrace technology more

30:09

than me .

30:11

Like I understand

30:13

technology . What is for why we

30:15

have it ? It is useful , it is convenient

30:18

. I get all of that , but at the same

30:20

time I just don't , because

30:23

sometimes I feel like it's just overwhelming

30:25

, it's just too much , and

30:27

you know so . I'm not the greatest fan

30:29

of it . Like you know , I don't know ?

30:30

Well , look at this though , think of this , though . Think

30:33

of 30 years ago . We wouldn't have been

30:35

able to sit here and have a podcast

30:37

. I mean , true , I mean we had to be some

30:40

guy in a studio with his big

30:42

production , howard Stern . Yeah

30:45

, he did , he did , and he was the only

30:47

really guy that was able to do that , because he had the

30:49

right people back at him and he was on TV and

30:51

he was doing a podcast .

30:53

I mean , it makes it convenient .

30:55

So think about 60 years ago . Right

30:57

, it was bad basement audio

30:59

. You had one guy on a fuzzy black and

31:01

white TV or on the

31:04

radio with the microphone

31:06

, and he probably came on one time

31:08

a night eight o'clock , and everybody had to

31:10

wait around to get

31:12

that . But look , now though , you can

31:14

listen to and watch anything that you want to

31:16

, because of technology .

31:18

I mean , I know we came far . I mean , I'm not

31:20

denying that it doesn't make life .

31:21

But no , he's saying that . But I'm saying as far as job

31:23

wise , create more opportunities

31:26

. But the technology created more opportunities

31:29

because having podcasts itself

31:31

have a platform . Somebody had to

31:33

build this platform for us

31:35

to be able to be on there and YouTube will be

31:37

on . Yeah , exactly , somebody had to build YouTube

31:39

. Facebook people work for . Yeah , people had to build

31:42

that .

31:42

Man , I get it .

31:43

I'm gonna get that . And then there's more security

31:45

, it job , more , you

31:47

know , all kind of research job , more

31:49

marketing jobs that come about . So

31:52

it always has benefits , more benefits

31:54

than it does it . So that's what's going to happen

31:56

realistically . That's realistically

31:58

, but I think the world coin

32:00

is too early to say to

32:02

for me . Um , well

32:05

, how you feel about it ? Because I

32:08

like the fact that this is technology

32:10

moving forward and

32:13

somebody had to

32:15

have enough , you

32:18

know , enough balls to go ahead and do it

32:20

right . Whether we lack it or not , whether

32:23

it's gonna be a success or not , only

32:25

time is gonna tell People gonna

32:27

use it or not . Hey , because

32:30

it's gonna be that old animal .

32:31

Oh , people gonna use it because right

32:33

now it's just like a soft introduction

32:35

.

32:35

Yeah .

32:37

It's just like the vaccine was a soft introduction

32:39

and then they start saying , well

32:41

, you gotta put work , you gotta have

32:43

it , you know this and that it's a must

32:46

. It's a soft introduction . My issue

32:48

is that it's probably gonna be something that we

32:50

have to do , and I don't

32:52

want to do stuff like that that I don't

32:54

wanna do . I don't wanna get my eyes screened .

32:56

Well , I think it's gonna be no , or

32:58

what was gonna be .

33:00

You're gonna have to eventually like . I said , if the

33:02

phone doesn't have any passwords , you're

33:04

gonna force you to get a world

33:06

ID just like a chip . Eventually

33:09

, you know you gotta be forced for that

33:11

too , like I . Just you know I

33:13

don't know about the people that's blind , what they gonna do

33:15

with their iris , but like you say , well

33:18

I They'd be fingerprint . They probably get a print

33:20

or a chip or something , but

33:22

it's just kinda like you lose your free

33:24

will when they start pushing this shit on

33:26

you .

33:26

You lost your free will when you were born and they give you a social

33:28

security now .

33:29

So that's why sometimes I might be feeling like do we

33:31

really even really ?

33:32

No , you don't . It's all an illusion .

33:34

Yeah .

33:35

It's all an illusion . I'll tell you that right now . It's

33:37

all just an illusion .

33:38

Well , I'm gonna keep a little bit that I feel that I have . Well

33:40

, it's just gonna be no different . It's just gonna

33:42

be no different . My 10% .

33:43

Well , I think the only difference is gonna be is that

33:45

it put your social security number down , just gonna put your

33:47

world ID number down . That's gonna just be

33:49

the really only big difference . After a

33:51

while , when you look at it , that's what's gonna be

33:53

the only difference really .

33:55

But there's gotta be something behind it . Right now

33:57

I can't say cause , I don't know , but

34:00

when they start doing the soft introduction and

34:02

then they start forcing you , it's definitely

34:04

a test for like , right now I get it , but there's

34:06

definitely something behind it , just

34:08

like with the vaccine .

34:09

Maybe they hey , maybe , maybe

34:12

when they match . It is what

34:14

if they did the soft rollout

34:17

like they do it now , but they offer you

34:19

universal basic income ? Just say they

34:21

gave you , I don't know , $120

34:24

a month because

34:26

you scan your iris and get

34:28

a world ID number . Would you willing to do it

34:30

, mm-mm ?

34:32

Now I'm not even saying I wouldn't do it for

34:34

some money , but $120 . You're saying yeah

34:37

, that's not even though A little bit more . A lot

34:39

of people will . The people say then you sell your

34:41

soul right , we blow it Like I don't

34:43

know . A lot of people will do it . I don't know how I

34:45

feel I'm joking about it , but then again , maybe

34:47

I'm not . It just depends on you know

34:50

especially at this time because if

34:52

, like you said , it creates

34:54

new jobs , but with the new jobs , it's

34:56

all about the new tech , the new IT . So

34:59

if you like me , who not in the field

35:01

of IT or tech , you may have to

35:03

take that universal income , because I'm

35:05

not gonna be working on robotics , robots , mechanics

35:08

and AI and all of that

35:10

. Either that or yeah , I work with human beings .

35:12

Either that or you gotta learn how to pivot .

35:15

The power of the pivot . So learn some

35:17

IT , some tech . But hey

35:19

, maybe I may have to do a course , I don't

35:22

know . Maybe the power of the pivot ? That's

35:24

funny .

35:24

So any last word for audience tonight .

35:28

Not really . Just I don't know . I

35:31

don't have any real major last words other

35:33

than I'm just torn between the idea of

35:35

the world ID . I'm

35:37

not quite sure I feel about it yet .

35:39

Yeah , yeah , I think it's kind of too early to tell , so

35:41

let's see how it plays out .

35:44

Let's just see how this soft introduction is

35:46

doing very well so far .

35:48

Yeah , yeah . So let's just see how it plays out

35:50

and then We'll come back to it . We'll come back to it . We'll

35:52

follow up on a story . Yeah , we'll follow up through and see . All

35:56

right folks . Thank you for listening tonight . We

35:59

will be back next week , same time , same place . All

36:02

right folks , good night .

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