Blockshow 2018 - Is the Blockchain scene still alive?

We've been through a year-long bear market. Attending Blockshow Asia this year, I had one question in mind. Is blockchain still alive? I came to this event and I was pleasantly surprised that there's still so many people attending. Talking with everybody, I feel confident that it's not over. Well, it's morning here in Singapore getting ready for Blockshow Asia. I'm a little bit excited. So they actually gave us this title Build-O. For me, it's a little bit weird seeing it on a magazine cover. It's kind of scary. You're like, hey man, if you guys don't build anything, we're all screwed. Nice, I got a nice pass. Thank you. For our first stop, we talked to head trader Charles to ask him what he thinks about the market tip. Uh, it looks like we're finding some sort of support. It's not very strong support, right? I think there was a very interesting meme and they used like a Cheetos chip to lock the door saying, this is what BTC support looks like, right? So I don't know if this is going to hold. I definitely think it's going to go, you know, maybe you'll hit 3,100 at one point. Um, can't imagine, you know, it would take another dip from there. But, um, yeah, I mean, it's, you know, just looking for buying opportunities. Uh, we definitely recommend, you know, our clients to start looking at BTC again. Uh, ETH, not the same. Yeah, I mean, it's a different animal, right? So ETH, you know, everyone's questioning the real utility of it, uh, with dApps not having the users that they need to see. Uh, there's really no reason for anyone to buy and hold besides speculation. Uh, and you can't call it a store of value either because it's an inflationary currency. Uh, ETH is going to see a big rally once proof of stake comes to life. We saw some dinosaurs giving out fiat freebies and Enjin giving some crypto ones. To explain what's going on here, Clemon is trying to receive a digital collectible prize from the Enjin QR system. How it works is that you scan the QR code with the Enjin wallet and then you're created with a loot box. Inside the loot box is an assortment of prizes like the frozen Enjin, which is the lowest price to digital epic items. After receiving the lowest price from Maxim and the Enjin team, I found my friend Austin, who is now an entrepreneur in the blockchain space. You know, blockchain, I'm, I'm a software engineer. I've been doing that for over 10 years. And, uh, you know, I see, I've always seen blockchain as kind of like a data structure, a data structure that is in your proverbial toolbox to build things out. Uh, instead of building for the technology, you start to see in desperate times, people building for the customer first and then implementing the technology where it makes sense. And so I think that's where the legitimacy is coming from. And I think if we go that route more and more, uh, you know, I think the, the, the valuation might follow, uh, and definitely the more legitimate projects are kind of rearing their heads and appearing. So yeah, yeah, a lot less trash, you know, I mean, I, you don't want to, well, there's tree coin, there's tree coin. I love trees. Well, well, we were down there. We thought we were in the wrong location because like there was another conference going on and then we're like, okay, where's this conference? And we saw, there's a tree coin. Gotta just find all the coins and we're over there. Before I get sued to oblivion. I do want to say that I have nothing against tree coin. I mean, I just found the name funny. I mean, why would trees need the blockchain anyways? Seeing that we're in a fintech hub, we have to ask a question that everyone's dying to ask our institutional clients moving into this space. Hey, hey buddy, are you an institutional investor? Oh, oh well. Do you have additional clients who are interested? Do you have new blood coming in or is it the same old blood that's, that's been around? Uh, pretty interesting actually, um, obviously can't reveal the names, but within the last week, three, uh, hedge funds. So I don't think they've been in crypto before, but they just onboarded with us. Right. Uh, haven't had a chance to talk with them specifically on what they're looking for, but that's a good sign, right? Who are the people coming here? Are there any new blood coming into the space or are they all just old funds? Yeah, frankly, not that many, uh, newcomers now, um, mostly people that are, I mean, uh, based on the feedback from, uh, our exhibitors, they're saying, hey, they're not newcomers, they're not newbies. They're really like, they know what they're talking about and what they need. They come and say, hey, you do this. Okay. We, we want to continue. If you don't do this, we, we, we go out. So mostly people that are, have been in this space for a while. And they know what they're talking about. But I definitely, uh, see a different crowd. It's, it's, um, it's more diverse and talking with everybody. I feel confident that, uh, it's not over. And I think this is the way it's going to be. And you're going to need more different kinds of people. It can't just be engineers. You're going to need branding, marketing. You need the finance guys. You're going to need everybody. Seeing how there are so many new people, I decided to start a live stream with Captain Crypto so they can all embarrass themselves. What up, girl? You live right now. What is it? What's it? Oh, you're going to do the Fortnite dance. Yeah, we're going, uh, we're going, yeah, this is live. For real. We got like, uh, 114 people joining. In the media room, we also encountered Sarah from VeChain, who had a working sample of a designer shoe, which incorporates VeChain's anti-counterfeit technology. Yeah. Say hello, Michael. So she has this. This is the shoe that's already using VeChain technology inside. So this is to be, like, uh, anti-counterfeit system that's already been deployed by VeChain. So you have this, like, pair of designer shoes. And what they have is here is that they have a chip that you can scan with an app. And this chip, it can't be counterfeited. So you use the VeChain Pro app here. Okay. So you open it up. You got the VeChain logo. It scanned by NFC. So you can scan an NFC tag that's inside, sewn inside the shoe. So no one can remove it. If you destroy, destroy it. The moment you remove it, you scan it. I think you move it around a bit. Magic fingers. All right. So blockchain verifying and boom, you got the item, the product, the product name, the product ID. And if like that, that's the ID that can't be replicated. This is unique. I, um, the unique ID on the blockchain. Seeing how it's a crypto conference, we can't go without asking the all important question. What do you think about STO security token offerings? Uh, STO. Can you buy an STO? Can I buy one? Yeah. Are you accredited in the US? Yeah. Oh, that means you have to have, uh, oh, you have to have a million dollars. Yeah. Man, fuck that. Man, I get a million dollars. I'm like everybody else. I'm like on the ground, dude. Like, what we see right now is that there's this divide between utility tokens and security tokens. Do you have any views on, you know, what's, what's your view of security tokens? This is going to be a hard question for you. I see that small coming through. I think a lot of people are just purely looking at security tokens because there are a lot of confusion in the market because of different definitions of what a security token is. So there will be new terms that token security, which I always talk about. So, so just, uh, so you're basically cutting down the scope, right? So, okay, what is the scope of a security token? Is it, is it a token security or security token? Well, to me, security token is like you will tokenize the security. Yeah. So the underlying instrument is the security. You should really have a legal entity. Token security can bring in a lot of new business models and tokens, digital assets into the new, the old economy. Last night fell, we traveled to the Mithro party where they brought their social media streamers so we can all teach them about cryptocurrencies. And you can ask them about Mithro and Mithrox. I'm sure they're going to give an interesting answer. So I'm here with Jeff, the king of the party. The king goes along with the Mithro theme. Yeah. The king of the mountain. You call me a dwarf. What's your main core objective with Mithro? Okay. So, uh, we did, we had a lit app. We now call Pai Pai and yeah, the rebranding was a disaster. So, you know, when I went to the product owner, I was like, Hey, what the fuck? Everybody's kind of pissed about the name change. And then like the DAU MAU is going up. I'm like, all right, cool. Aside from that though, like, you know, we, we didn't match X and match X is like IP exchange. And, uh, we're going to be tokenizing IP assets. And I think that's really exciting. So it's for music and movies, uh, they're going to become tokens. And then like fans can own a piece of, uh, the movie rights or the music rights. Yeah. We say no one's buying music anymore, but they'll buy music rights. And I think, uh, it's a win-win situation. So, uh, I think a lot of times like tech wins and then the content producers lose out or the artists lose out and the tech wins and tech platform. Um, I don't want to see another tech slash, uh, you know, content play that is not win-win, you know, and of course the tech always goes, well, you got some exposure. Yeah. We, we, we stole your content. We didn't give you any, any royalties, you know, we made all the money, no rev share, but at least you guys, you know, exposure to your fans like, Oh, great. You know, so that's, that's, I think the key for my checks. Both past midnight guys, my dinner. So I've been busy the whole day today. So my first time to get food and I, I had to get some Singaporean hawker food. So like we got these nice satay sticks over here. Absolutely amazing. I'm just like dying right here. So I'm just going to dive in. So good. The taste of like the peanut butter sauce on this roast meat, it's roast over charcoal. To get the texture coming through, just brilliant.