Healthy Business
May 4, 2022

Dissecting Cryptocurrency, Web3 & Other New Technologies

Discovering The Intersection Of Faith, Business, And The Future Of Technology

As the digital future continues to evolve and flourish, the future is sure to be rich with new technologies. Right now, cryptocurrency, artificial intelligence, and Web3 are making the biggest waves. Scott Perry is here to discuss how and why we should embrace these emerging technologies that are transforming the virtual landscape and real life. He breaks down the four types of cryptocurrency, the immense power of Web3 in connecting people, and the right way to utilize the still-evolving AI tools. Scott also explains the huge opportunity to use Web3 not just in gaming and entertainment but in preaching God's Word as well.

Dissecting Cryptocurrency, Web3, And Other New Technologies With Scott Perry

Discovering The Intersection Of Faith, Business, And The Future Of Technology

We're talking with Scott Perry about the four types of cryptocurrency, Web3, and the AI that's revolutionizing the world. Let's go.

IDP 6 | New Technologies

What's going on? This is another episode of the show. I got my good buddy on the show with me, Mr. Scott Perry. What's going on, Scott?

How's it going, Brett? I’m glad to be here.

Thanks for being on the show. I appreciate you. I’ve gotten to know you quite a bit and it's a pleasure. Thank you.

I’m coming to you live from a house I bought from Brett.

It's Wildwood. That's like your nickname, Wildwood. You're the wild one.

The Wild Child. There we go.

We're going to talk about something that, when I start to talk about this, some of you might either weigh for it or weigh against it. I want to try to bridge that gap. That's why Scott Perry's on this show. He has been digging into this modern era of all of these things that I don't quite understand and I’m going to ask him questions about cryptocurrencies. Hang with us. We're going to talk about Web3 and the new internet that's coming around the metaverse a little bit. This is important because here's the thing. I’m not for all of this. I know Scott. He's digging into this, but I’m old school. I don't know about all that stuff.

It sounds odd and weird, but here's the thing. It's coming. We're either going to be able to use it as a resource and be able to pour into people because this is what the next generation is coming into and this is what they're going to be using. If we want to make sure we're not getting left behind, whether it's in business or in the kingdom, whatever it is that you're trying to do, this is so important to hang with us and learn a little bit about cryptocurrency, Web3, and some of this AI stuff that's going on out there. Thanks, Scott Perry, for being on the show. Let me give you a little bit of a bio of who Scott Perry is, number one.

Scott, you're a serial entrepreneur. You've done a lot of different things. When we met, you were a real estate investor on the part-time. You've done some flips. You've done some wholesale deals. You're a full-time pilot. You're an Army aviator. You've owned a FedEx contracting company and you've been digging into cryptocurrency. You even have small group cryptocurrency and you've been digging into that and you have a lot of different things going on around that. That's who Scott Perry is. I want to start with this, Scott. Why should we care about cryptocurrency?

I go back to the credit card. The Diners card, before a lot of us were alive, was the first credit card. You could buy stuff on credit. It's a tech that's coming and it's one of those things that people focus on the cryptocurrency, Bitcoin, all the headlines. Is this going to be the new money that we use as opposed to dollar bills?

It is interesting as well because we have been using digital currency for a long time. It's been called the dollar bill. I carry $100 cash in my wallet in case. Realistically, I never use cash. We're all using credit cards, direct deposit, and stuff. It's all numbers and code that's being sent around and it represents a real dollar that used to represent a real piece of gold.

It's one of those new techs that's coming. I don't like the word cryptocurrency because it's the new internet, which is what I tell people. Most of the currency use of it is one of the thousands of use cases for crypto. It's going to affect all of our lives in a big way. It's been around for a long time, even before Bitcoin.

The first paper that was written on this new tech was in 1995 when the internet started. This smart guy wrote this white paper and knew this was coming. He didn't know it was going to be called cryptocurrency or Bitcoin. However, he knew the theory that would eventually happen down the road. It was something that's been around.

Back in the day, people were upset with credit cards, but now everyone uses them and then there are a lot of people that work getting cell phones. Now everyone uses them. The reason I jumped into it is this. I don’t know if you ever heard, Brett, but sometimes in the spiritual space, you might hear, “This would be like the gateway drug to the mark of the beast.”

We're going to start putting the digital code on our arm. We're going to implant it with a needle and inject it into our bodies and that's it. That's the direction some Christians go.

We're going to have a big Bitcoin tattoo on our side. I thought about it. I heard somebody say that at church, some Christian gathering, or whatever it was. I was like, “That sounds not what's going to happen.” It doesn't seem like that's the point now at least. That's why I jumped in to disprove that it was the mark of the beast. That's where I got my start in crypto. I was like, “Let's look at this and see. Maybe it is the mark of the beast. That'd be bad.” You want to know one way or the other.

That's the biggest thing. You don't want to be ignorant. A lot of times, when we start to go in that direction, we want to ignore it and hope that it goes away. I want to have this episode with you because it's not going away. It's like, “Here we go.” I loved what you talked about with digital currency and we're already using digital currency.

I’m not even sure exactly the years that the credit card came out, but I could imagine the people that were used to getting paid in cash and using cash for everything. All of a sudden, this card comes out and it probably blew their mind. How are you going to calculate? With all the fraud, how am I going to know that this credit card is real? Think about all the other digital currencies that we use now. My parents used to give me $20 to go buy food. Now if my daughter wants something, I Venmo her, or I send her a Zelle payment.

We're already using digital currency. I want you guys to know that we're already using it. This is where I get tripped up. You talk about the different types of cryptocurrencies and I feel like I’m so stupid with this. As soon as I start even reading about it, I feel dumber. I feel more confused after I got done. Scott, can you take us into cryptocurrency for dummies? Summarize it down. I know you talk about the four types of cryptocurrencies. Can you talk to us and use layman's terms?

Over these last few years of deep diving into these four types of crypto, I’ve developed some analogies so people can get it. For those of you that may already know a lot about crypto, this'll be super basic and there are 1 million exceptions to every rule. This makes it easy for people that have no idea to jump in. Real quick, I call it the elevator pitch here. We've got four types of crypto.

You've got the first type, which is Bitcoin, that all of you have heard of in headlines and all that stuff. I call that crypto gold. Why do I call it crypto gold? It's limited. It’s finite, like real gold. Just like gold is limited, Bitcoin will only have 21 million coins and no more. It's a little less right now. What it happens is like real dollars, if there are bills that are messed up, they'll take them out of circulation, reprint that bill if there was no printing money going on. That's how it would work.

It’s the same thing with Bitcoin. They'll never be more than 21 million, which is why you hear people say it's a storage of value. Essentially, it's gold in digital form, not hackable or re-creatable. You've got fake gold and people now can figure out that it's fake gold as opposed to real gold. That's number one. That would be a true cryptocurrency. That's the primary use case as a cryptocurrency.

The second type, I call it the US dollar. Why? It’s because they print more of it every day. You've heard of the meme coin potentially, which is Dogecoin. I’m sure you’ve heard of it. Elon must talk about Dogecoin in headlines at some point as well. The reason Dogecoin and “meme coins” are different from Bitcoin is that they print more every day. For Dogecoin, I believe, they print 70,000 more digital coins every day. It's almost like the US dollar when we're printing.

Also, there are always exceptions, but the primary use case is also currency. Some people would say, “Why would you need something other than Bitcoin?” It’s because if you have people on Earth and there are 21 million Bitcoins, you take parts of Bitcoin just like you would shavings of gold, same thing. Eventually, it's very slow and you can't trade it as well. That's what a Dogecoin would be used for, like a currency of maybe a country or something like that, with Bitcoin being the standard.

The third type of cryptocurrency is poker chips. The reason I call them that is that new cryptocurrencies that are starting, maybe competitors to Bitcoin, maybe competitors to Dogecoin and you maybe want to invest in them, there's no way to buy them easily. They're called layer two and even startups, essentially. To invest in those, there are only a certain few platforms that you can invest in. You may have to buy a certain coin called a stablecoin, which is the official name, in order to buy the actual crypto that you want. Trying to get in early, trying to find these new coins that may be valuable, that may be an overnight success as everyone's heard about crypto millionaires overnight thing.

It's like going to the casino. You can't go and throw cash, but essentially you go into the casino, you buy the chips, you play the game, and then you're ready to come out, you come back, exchange those poker chips for your cash and then you're good. That's the only purpose of a “stablecoin.” It also can be used as currency. If you want to buy my car, then I could say, “This Tether,” or whatever this stablecoin would be, “In theory, it’s supposed to always equal $1 US.”

I could just give you a bunch of poker ships and you can't go to the gas station and use it, but you can go cash them in.

I could cash them for whatever I wanted at that point. The fourth type, which is what everyone needs to pay attention to that's going to change the world essentially as far as we know it now, they're calling it Web3. Web1 would be the internet. Web2 would be social media. This would now be Web3. This is the next version of the internet. That would be coins like Ethereum. If you have heard of Ethereum, people say, “Ethereum's a competitor to Bitcoin.” That's not true because Ethereum is also finite. There are only 55 million Ethereum coins and no more than that will be issued.

You have that similarity to Bitcoin, but then it runs a smart contract and then you can essentially build technology on top of it. The way I explain to people is that Ethereum is essentially Microsoft. It is a “cryptocurrency” but that's not the use case. People do trade it for value. People day trade it and all that stuff. It's more specifically for the tech. You've got the crypto gold, the US dollar-like coin, and then you've got the stablecoins and Web3.

That's like the cryptocurrency for dummies. I want to dig into Web3 because there's a lot to unpack there. You said that's the thing that's going to change the world, like change everything that we do and how we operate differently than we're doing right now. Before we get into that, I want to ask you this. I asked you before the show, “Why do we need to learn about cryptocurrency?” Why do we need to learn about this?

My question now is another why. Why are we going down this road? Isn’t the way we’re doing things, money, using banks, being backed by the government, and gold somewhere, hasn't that worked? Now we're using these. Even though you did a great job explaining it, it can still get extremely confusing, especially maybe the regulations behind it. My question is, why are we going down this road, do you think?

It's still very early. Those are great questions. The answer is, it's explained in the Web3 use cases as they call it, because it makes purchasing much easier and smoother. It gives ownership back to the original creator. For example, I’ll explain it in my favorite use-case analogy. Back in the ‘90s, I used to sell baseball, basketball cards, and football cards, then Pokémon came along. You have all these sports cards you'd flip. I haven't looked but a Michael Jordan rookie card, PSA 10, graded in glass was worth $850,000.

IDP 6 | New Technologies

It's the 10 out of 10 perfect card. They're still expensive even if they're bent up. I’d definitely take a look. I believe it was Topps or Upper Deck, 1 of the 2, that created the card. What they do is they pay Michael Jordan when he is a rookie that's like, “We want to put you on this card,” and there are all these deals that go on. He gets a fee or whatever. They make the card. 30, 40 years down the road, when he becomes the greatest basketball player of all time, sorry for you, Kobe fans, the card's worth $850,000.

The question is, Brett, if you own that card, you find it in your basement, you're like, “Scott, do you want to buy this card?” I’m like, “Sure, I’d buy it from you for $850,000.” There are two people that get the money from that. There's you because you invested in that sports card, and then the government, especially on a transaction that large, will see that transaction. The tax man will get some of that.

Once that becomes a smart contract, you can still do it with physical items. You can have smart contracts that are certificates of authenticity for an actual physical item. It could still be true for this exact same basketball card. What happens is a royalty, then the way the contracts will work is Michael Jordan will say back in the ‘80s when he was a rookie, “You pay me whatever upfront but then I want 2% of all future sales.” What'll happen is you sell me the card for $850,000. You would do that sale in a type of cryptocurrency and then Michael Jordan would have a crypto wallet that, as soon as that transaction happens, instantly he would get a 2% royalty on that.

It brings back the ownership to the original person and that's why the masses will adopt it for that reason, specifically for those things, and especially organizations and businesses and stuff like that. It's like we can do it the way it is now and everything will be status quo and it'll be fine. Once you unpack all the different use cases, it benefits the artists. Those are all the surface-level use cases and stuff like that.

I would say the dollar's not stable either. There are plenty of countries. In World War II, the Deutsche market went to zero. People are burning it in their houses for heat because it's worth more for heat than it is paper money. You got 2008, the real estate crash, and then you got the government bailing out a lot of the banks at the time.

Car industries get a lot of bailouts. The airline industry that I fly for got bailed out. They don't call it a bailout. They don't like that word, but they didn't know how long the COVID shutdown was going to be. They said two weeks. What happened was they said, “The government's going to give you money to keep everybody employed so that way, when the day it's over, we can start right back where we started,” rather than fire everybody. It's too big of an industry. I would say industries and dollars, you can look all the way back into biblical times, where they've all fallen in some way. There's false security in the system, you could say.

Before we start digging into Web3, I want to ask this. It puts it back into the original creator's hands, like giving it back to the creators, at least for right now. Is it cutting out the government's piece of the pie? Is that what it's doing? They're not going to allow that to happen for so long.

They already have a stablecoin, USDC. US Dollar Coin is what it stands for. They're not going to let that happen and that's why there's so much pushback. That's why I said in the original answer at the very beginning before the Michael Jordan story that we're still early. It's the same reason that LLCs are safe because there's been so much time with legislation, there's been a lot of court cases, and they say, “This is how it's going to work.”

The first time an LLC came out, no one knew what was going to happen. Something would happen in a business and they'd say, “Now what?” We're in that scenario where it's like all these things are happening, people are getting crypto stolen, getting scammed. You can't hack it, but you can scam it. There's a large difference. The regulation is hard. People have seen all the SDF stuff on the news about everything collapsing and twenty-year-olds hiding out on islands.

All that stuff's going to have to be taken care of and it will be a lot of growing pains, which is why we have the crypto small group at our church. I wanted to start it because the mission statement of the group is to usher the church into Web3 safely because that's the big word. It's a huge learning curve and there will be a lot more negative news coming up for sure.

It's like this other movement of technology. Throughout all the years, look at the wars. They broke out. There is pushback. It was painful to go through these different movements and that's what's happened in the tech world. I want to dive into Web3. I was reading up a little bit on this because this is much deeper than a currency. He talked about Web1 and then Web2 and now Web3.

It says this. Imagine this new internet. If you take yourself back to the ‘90s when the internet was starting to boom and I’m sure people were against that. Now you have to social media and look at all the controversy around that. Now you have this new kind of internet that can accurately translate what you type and understand what you say, whether through it’s text, voice, or other media where all of the content you consume is more personalized than ever before. It’s the new evolution of the internet. You’re about to enter a new era and it’s Web3.”

IDP 6 | New Technologies

Can you unpack this Web3? All over the news, you got AI blowing up and I’ve tested some things out and it is an extremely powerful tool. When we're on social media now, everything, all the ads, they're becoming more personalized to our preferences and what are our tastes like. Even into the future, this is just the start. Can you take us into the future of what this is going to do to all of our lives?

As you mentioned, having different generations of different tech over the last 100 years, radio, telegraph all the way up to now, there's always pushback. The funny thing is, I remember I was one of the first people to sign up for Facebook. It was my freshman year in college and that's where it started. Everyone was wildly against it, especially grandparents and parents. They're like, “This is crazy.” Now the funny thing is the actual marketing demographic of Facebook, the actual target market for Facebook ads is women 55 and over. That's it.

It's funny if I post something, I know that my mom and my mother-in-law are going to see it and they're going to do something with that.

Same thing with TikTok. People are like, “It’s a kid’s app. They're all dancing, acting the fool.” The same thing's happening. It's now 30s-plus. There are younger demographics, but the target marketing is maybe 25-plus or 30-plus. I remember when I started. You're like, “There are no adults.” It's funny, the progression as you see technology go and now, I’ve got my grandparents that I’m tech support for their iPhones. They were never going to get an iPhone.

The early adopters definitely win in the tech space as far as monetarily speaking, as well as ease of function later. I’m the first person who if there's something anti-God happening, I’m not going to do it. I’m in the space because that's where we're going and that's the future, not as a whole, but there's a lot of use case on that side. It's not like, “Let's cooperate even if it’s bowing to Baal.” We're not talking about bowing to Baal. Some people might disagree with that, but if it gets to that point, then we'll stop doing that.

The way the future works is with Web3, where we're going is floor to B. This is about after COVID started that I read this number. At that time, there were essentially 9 billion people on Earth. 6 billion, 2/3 of the Earth, have the internet, and 3 billion, 1/3 of the Earth, could be classified as gamers. You and I got kids. All the parents, it's like, “They're playing video games all the time.” I don't think you should binge video games. It's bad, especially when you're young. I am against that. The reality is there are 3 billion people out there and people call it basement dwellers, stuff like that. What this tech is going to allow us to do is it's interlinking the entire world.

I can now log in and play with people in games that are already existing or functioning. They've been out for years, high-quality games that are run on Web3 and crypto. I can play with folks in China and India. You can do that on Call of Duty too, but it's limited. Now we're talking unlimited. What that's going to do, kingdom-speaking-wise is you are going to have a large portion of the earth that is not going to go outside.

People are like, “We need to spend our time outside witnessing the people.” What's going to happen is they've already started it. I called it first two months before it happened,, the first church in the Metaverse. I went to our pastor. I said, “Guys, we have to have metaverse churches and pastors full-time.” Their full-time job is to be a Metaverse pastor.

Not only that but to take it deeper, we're going to have to have Metaverse street evangelists. The question I would ask people is they're like, “We’re going to go out and talk to the homeless folks and all this stuff.” Who's going to talk to the thirteen-year-old that has abusive parents and they're hiding out in their basement all the time because it's safe and they can play with their friends?

They're these tech-savants, by the way. The funny thing is the community jokes about basement dwellers. It's almost like a badge of honor at this point. They do the developments for the crypto projects that I’ve designed and then had them build. They're wildly smart. I will tell you there's such a great need for God in this space. Not because the space is specifically evil, it's because the church doesn't even know it's going on.

They're ignoring it.

Most churches don't even know how to use Web1, let alone Web2. Now we're in Web3, full-blown. There are tens of millions of people in Web3 right now running around like a video game. They've had salvations in the metaverse, which sounds wild. You put on your headset like we're doing here, essentially this is the metaverse. Somebody else is going to watch this. You could post this video. You can buy land in these metaverses. Put up a billboard and then put this video on there and loop it. It could go around. People run around, they're like, “Who’s this guy talking?” and stuff like that.

The kingdom need is very big. That's the endgame. That's where we're going. Let's say there are some very smart missionaries right now that are very tech and they've been waiting for this to happen for decades. Now they're in places that you physically cannot go and they're sharing the gospel through the metaverse.

It goes back to why are we talking about this and why this is so important. One of our jobs in a mission field is to raise up our children, raise up the next generation and this is where they're going to be hanging out. You might not like the apps that your child is on or that your teenager, your 16, 17, 18, or 19-year-old are on and you think it's stupid, but this is where they're going to hang out.

I want to talk about this. It's like simulating life. That's where it gets scary. People are like, “It's not real life,” but it sure as darn feels like real life. There are connections there. There is a human-emotional connection. That's where we all get tripped up. You talked about people having digital relationships or digital girlfriends or boyfriends. That's where like, “Let's not even go there.”

I’ve been down thousands of use cases. I’m in these groups that God's blessed me with that. He's got me in wild things. One, they literally call the crypto Illuminati. It's funny. That's the catchphrase or whatever. They're all over the world. It's wild. There are a lot of good use cases for evangelism. On the flip side, the XXX, if you want to go without going too into it, use cases are also extremely wild. It seems like in every industry that every new tech that comes along, they are very well entrenched at this point. They've been building for years. It's one of those things where I know one of the guys in Iron Deep deals with the human trafficking stuff.

It's like you can ignore the human trafficking stuff and be like, “That doesn't happen or whatever.” As one of the guys shared at the Iron Deep, his eye-opener was that it was happening in his backyard. That wasn't around a border or anything. He was essentially located in the States. A lot of times, people settle with, “Ignorance is bliss.” When Jesus came to Earth, He didn't come down for it to be easy. That's what I try to remind folks, especially over persecution times and stuff like that, which is not happening here by the way. Yet anyways, you got to remember Jesus went through it all and said He experienced everything. Just because it's hard doesn't mean we need to run from it.

It's good. the first step is to be aware. How do we learn? Especially sometimes when we get to a certain age, we're like, “I don't want to learn that.” It's important if we want to raise the next generation. As business owners, there's a new wave of business coming. AI has changed how we do business. It's going to keep evolving.

I saw a spreadsheet on the AI tech that came out in January 2023 and it was three pages long in fine print.

One last question before we wrap up the show here, Scott. Thank you so much for being on. I want to go back to the cryptocurrency and talked about smart contracts. This is a personal question that I had. It says here, “Smart contracts that are open to everyone will relieve people of the need to rely on a centralized organization like a bank to maintain their data integrity.” Most of the people reading right now are business owners.

We look at our banks and we see how much money we have. We're measuring if that's good or bad. We're trying to measure that out. That's what we use now. We don't hide the money under our mattresses. Do you think that this is even going to change our whole banking system? Several years down the road, we might not use banks and it'll be a different world how we see nowadays.

There are two very long answers to that. The quick answer and the first one would be the government's not going to roll over on it. Look at gun legislation. They’ll approve that in a second. If you created Scott Perry Coin and you end up being the currency of the United States, that's so much bigger than somebody having an assault weapon or whatever you want to call it. They're not going to let it happen. I don't even know who has shared it, honestly, to give any ideas. The idea is it is decentralized, which means unregulated, but it's all stored on a public ledger.

For Ethereum, all the smart contracts, you can go to Ethereum scan and you can see every smart contract that is out there. Every code for every piece of Ethereum that's out there, you can see what wallets it’s in and everything. It's a little like Big Brother in that area. The thing is, it's a public ledger. Not only could Big Brothers see it, but your neighbor can look. It's almost like property records at the courthouse.

I looked up somebody down the street. There was a house and I looked up the Hamilton County records, found their name, found them on Facebook, and sent them a direct message. It's like that. The idea is that if it's a public ledger that all this is kept on, then it would be harder for one power that be to control it. That would be the first answer.

The other one is if you think of the idea of planets. People are like, “Facebook is the metaverse.” There are people reading this that may even think that because their name is Meta. It was brilliant of them to change it. I was upset that I didn't think of it first because there were so many crypto guys that were like, “Why didn't we think of that?” The Meta company, it’s the best marketing ploy ever. Anyways, there's going to be different systems. You could have Brett Coin and I could have Scott Perry Coin. You could have the Iron Deep coin. You can have all these different things and then you can have all the different software.

There are all different metaverses. Think of it as planets in Star Wars. There are different coins that are made to transfer from this metaverse to that metaverse. By keeping it from being one central thing, essentially if one thing becomes bad, people can move over to the other one instantly. You make one click of a button. I’m going to transfer all my Ethereum to Solana, which is a different Web3 coin and it's over. Everyone left Ethereum. It's almost like self-regulating.

Until they come up with immigration laws in the metaverse and you can't just immigrate over. Scott, I know that we could go down so many different trails here. Thank you so much for being on the show and giving us a high-level view of what this is. The biggest thing that I got out of this is that we need to learn. If we want to be good stewards in this modern economy and our culture and bring up the next generation, we need to learn what this is.

I’ll tell you guys, look at my life. I’ve been doing real estate for about many years. How we do it now versus how I did it years ago, it's completely changed. I remember even contracts. We would have to get the contracts. We'd have to print them out. We'd have to go sign them. We'd have to put them in a FedEx envelope. They'd have to have wet signatures and mail them to the companies.

That's how we did it. All of a sudden, now they took a scan. We're like, “You don’t need wet signatures.” You're like, “We don't need them anymore.” They do DocuSign. We're like, “Really? You're going to take an electronic signature? That's crazy.” Now that's how we do things and it's going to keep going and going like you said. I remember we had to drive around and look at all the houses when I first got started and now, we got Google Earth and we got different ways to connect with different people. I can look up a phone number like that and it's crazy.

That's where I want to end this. If you want to help, especially the next generation, it’s getting involved and becoming aware. Scott, do you have any other resources that someone can learn more about? I know you can go on YouTube. You can go on all these and hear all these different things but do you have any specific areas that we could go research some more on this?

There are a couple of things. At first, I would put out a word of caution. When you first jump into it, Coinbase is a good way to see some of the top coins that are regulated, essentially. It's like having a Robinhood account, same deal. It's somewhat safe for the most part. I would go on there and watch the different trends. Coinbase is a great one to download. It's very user-friendly.

I use different things, but for everybody that starts out, download Coinbase, put $50 in, and start trading around and you'll see like, “Why is this going this way and that way?” I would limit yourself to $50 because you can lose money very quickly as well. I’m not a financial advisor, by the way, but knowing once you get into the Web3 stuff, which is going to be a MetaMask account, there are a lot of scams.

The AI has gotten wildly smart, as you've said, and the deepfake thing is real. They've had crypto scams run off deepfake, and they've been paid millions of dollars. That's where that regulation, everything comes back. Try at your own risk. We have a Discord group. The two things that crypto runs on, we call Crypto Twitter and Discord. Discord is where every project has its text and voice channels. It's all in one. For those that don't know what Discord is, it started out as a gamer’s social media. It's evolved into a whole lot of other things. Now it's the primary communication spot for crypto.

We have a Discord and the purpose of ours is it's a Christian men's group that wants to learn more about the crypto space safely. A lot of great guys in there, a lot of guys that have made projects and stuff like that have been in the space. There are guys that have been in the space since 2015, 2016. One even bought crypto in 2013.

There are a lot of connections in there. Right now, there are about 35 of us. They're all in the Indianapolis area. You download Discord. Use your phone number. The word of caution for Discord, if anybody is interested, is you don't do direct messenger in that. There is a function like Facebook Messenger. That's where all the scams come, 100% of the time. You don't even open it because the joke for the crypto guys is Discord Messenger's always a scam. I would say that's a good start. The reading material, the hard part is there's so much to sift through. That's the problem.

That's a great spot, a great starting point, Coinbase. If you live close to Indianapolis, a great group, reach out to Scott at their church. They run a group there. Check that out. Also, check out our YouTube channel, Iron Deep. Scott, this was enlightening. I know I need to learn a lot more and I know our audience does too, if we want to be good stewards with this coming modern culture. Thank you so much.

Welcome. Good time.

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