Is it possible to thrive and make it big with Altcoins? We catch up with Jeff Kirdeikis about coming up with a winning strategy in the cryptocurrency and altcoin space - and Jeff has some surprising c...
Is it possible to thrive and make it big with Altcoins? We catch up with Jeff Kirdeikis about coming up with a winning strategy in the cryptocurrency and altcoin space - and Jeff has some surprising choices for altcoins! We also explore the crypto social media space with a focus on Jeff's project Uptrennd.
Jeff's Project Uptrennd: https://www.uptrennd.com/
0:00 Introduction and Altcoin Season Discussion
6:00 Jeff's Altcoins
12:40 Social Media Platforms
28:30 Reaching the "Apex" for Bitcoin
#Bitcoin #Altcoins #Uptrennd
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AI Analysis
Here's a summary of the discussion with Jeff Kirdeikis about altcoins and his social media project, Uptrennd:
This chat catches up with Jeff Kirdeikis, the founder of Uptrennd, diving into his current strategies for navigating the crypto market, particularly when it comes to altcoins. The conversation covers the broad market sentiment, Jeff's surprisingly speculative altcoin picks, and a deep dive into Uptrennd's unique approach to building a decentralized social media platform that addresses the pitfalls of earlier projects like Steemit.
Here are the key takeaways from the conversation:
* Current Market Strategy: Hodling is the Way: Jeff is firmly in "hodl mode." He leans into Warren Buffett's philosophy of "you're not smarter than the market," preferring to let his investments ride rather than actively trade. He believes Bitcoin's core value proposition, especially with global hyperinflation concerns, makes it a strong long-term hold due to its fixed inflation rate and the trust it instills. * Bitcoin's Core Value: Jeff highlights Bitcoin's fixed inflation rate as its main strength, fostering trust. He humorously compares any fiat currency as a "shitcoin" if it were a crypto, given that central authorities can print unlimited amounts of money. Michael agrees, emphasizing Bitcoin's role as an unstoppable, permissionless form of value transfer, particularly important for moving wealth across borders without government restrictions. Its first-mover advantage, high liquidity, and established network are unmatched by altcoins. * Market Sentiment: Not 2017 Levels, but Growing: While running a large Facebook crypto group (100k-150k members), Jeff observes a steady influx of new people over the last six months, indicating growing interest. However, he clarifies that it's nowhere near the "madness" of 2017, when thousands of new people joined daily. He feels the current interest feels more like early 2016, with general curiosity and open-mindedness. * Altcoin (or "Shitcoin") Picks: Jeff is open to altcoins, but unlike 2017 where any ICO could pump, he believes projects now need to "actually build something." * Uptrennd (1UP): His own project, a social media platform where the token is deeply integrated for ads, account leveling, and other platform features. He's in it for the long haul. * Pegnet and Teller: Jeff gives shout-outs to these as "underrepresented" projects he finds promising. * Hex2T: The Controversial Pick: This is the most surprising choice. Jeff admits it's "100% high speculation" with "no utility at all." His rationale is that Hex2T (a community version of Hex) uses 80% of the ETH from its auction to buy back tokens and redistribute them to the community, unlike original Hex where Richard Hart gets 100%. All penalties from early/late stakes also go back to the community, making it "objectively pumpier than Hex." He views it as a pure gamble he got into early. * Utility vs. Speculation in Crypto: Michael strongly advocates for utility in altcoins, fearing that without it, someone ends up "holding the bag." Jeff offers a contrarian view, asking what Bitcoin's utility is beyond being "a thing of value" that people agree on. While acknowledging the network effect and first-mover advantage, he compares some zero-utility coins to Bitcoin in that sense, though he fully agrees that projects with "legitimate utility" (like Uptrennd, Hive, Ethereum) are the long-term holds. * The Craig Wright Saga: A brief, humorous interlude about Craig Wright's claims of being Satoshi. Jeff recounts a recent interview where Wright abruptly hung up the phone mid-answer, suggesting his lawyers might have intervened. Both agree that Bitcoin's decentralized nature and anonymous founder are key to its value. * Uptrennd: A New Approach to Social Media: Jeff details his platform, Uptrennd, which aims to fix the problems of earlier blockchain social media platforms like Steemit. * Steemit's Downfall: Michael, a long-time Steemit fan, explains its major flaw: a "$1, one vote" economic model, leading to an "oligarchy" where a few whales held immense power, able to censor or obliterate content from new users. Justin Sun's acquisition and subsequent censorship further damaged its reputation, leading to the community forking to Hive. * Uptrennd's Solution to Oligarchy: Uptrennd focuses on "quality of opportunity." Instead of power by money, it's reputation-based. Users start at "level one" (1 person = 1 vote, like Reddit) and gain influence and earning potential by leveling up through engagement and time, not monetary investment. This system aims to prevent "shitposting" and promote quality content. * Uptrennd's Growth: Jeff proudly states that Uptrennd has surpassed Steemit and Hive in 90-day website engagement stats on Alexa.com, though he admits a large portion of their demographic is from developing nations. The immediate goal is to refine the algorithm to highlight quality content more effectively. * Uptrennd Token Utility (1UP): * Advertising: 1UP tokens buy ad impressions (1 token = 10 views), offering a "very solid token economy" for advertisers. * Account Leveling: Tokens can be used to speed up account leveling and gain influence faster. * Owning Communities (Controversial!): Users can buy and own communities (e.g., "Michael Goo's Bitcoin Community"). The owner earns a percentage of upvotes within that community and can sell the community on an open market. Michael finds the idea of "selling communities" somewhat "evil" but acknowledges the potential for increased attachment. * Investing in Content (Exciting!): Users can "invest" in other creators' content. Someone can submit a proposal to boost another user's post for a certain number of views in exchange for a percentage of the profits. Michael loves this, seeing it as a game-changer for new content creators who struggle to get noticed, likening it to finding talent in the music or acting industry. * Preparing for "The Apex": Both Jeff and Michael are optimistic about Bitcoin's long-term trajectory. Jeff sees Bitcoin's price forming a large descending triangle, anticipating a significant move at its "apex." He remains excited about the broader shift of power from corporations to people through decentralized movements. Michael echoes this, noting increased receptiveness for crypto conferences and general growth across his holdings. He's being cautious post-halving and has locked in some gains but keeps his "hodl" untouched, viewing it as too early to cash out given past regrets. He's also reducing trading due to a lack of clear opportunities and focusing on creating new content to "be prepared for the next run," whenever it comes.
Transcript
Hey guys, welcome back. It's Michael here. Welcome back to BoxMining. So as part of this new series, I want to talk to a lot of my OG friends, a lot of my good friends in the crypto experience space to give you guys a little bit of perspective about what's going on. Welcome Jeff. He does Uptrend. So he created a social network there. It's amazing. We're going to talk about altcoins. We're going to talk about everything here. How are you doing, Jeff? I'm doing good, man. Yeah, Bali life was swee...
Hey guys, welcome back. It's Michael here. Welcome back to BoxMining. So as part of this new series, I want to talk to a lot of my OG friends, a lot of my good friends in the crypto experience space to give you guys a little bit of perspective about what's going on. Welcome Jeff. He does Uptrend. So he created a social network there. It's amazing. We're going to talk about altcoins. We're going to talk about everything here. How are you doing, Jeff? I'm doing good, man. Yeah, Bali life was sweet. And I got to say, for anyone listening, you should check out Michael's channel. I think he put one of the videos of him doing the ice plunge in there. So it's like this big freezer full. It's like literally a freezer that you open the door. You go in, it's full of ice. And Michael was like sensei master, just powering it out. That was unreal. It was such a good time spending time with you and Bali, man. It's amazing, man. We got to do it again. And I think it's like this whole coronavirus thing, it's been, you know, it wrecked off a lot of our travel plans. So obviously it's been quite a while since we last talked and the markets have been going up and down and especially these few weeks. Have you been adapting any particular strategies? Are you in a hodl mode? Are you in invest mode? What are you doing right now? I'm definitely in a hodl mode. That's kind of been my go-to for the longest time. I think, you know, a lot of people in the crypto space give Warren Buffett a bad rap because he's not too big on crypto. You know, older guys tend to each old dog new tricks. You know, he just knows his strategy. But I really like his sentiment. It's that you're not smarter than the market. You know, a while ago he challenged, I think it was like 10 of the top hedge funds, like a million dollar bet, see if they could outperform just the index fund that he picked. And none of them did. He crushed them all. And so to me, that was just like a really, a big testament where I'm like, you know what, I'll let somebody else learn the mistakes for me. I know I'm not smarter than the market. So I'm just going to, I'm going to let this thing ride. Just going to relax. At the end of the day, I think we all see what's happening in the United States in terms of hyperinflation. It's just money getting pumped into the economy. And I think this is where Bitcoin's value proposition really becomes incredibly apparent. And there's so many institutions and government agencies talking about it now and putting it in reports. So it's gaining a lot of traction. So I'm in hodl mode because... And in a right way. And in a right way for sure. It's not just about the scams this year. It's also about kind of the long-term value, right? And I think to understand Bitcoin, you got to understand that our system's broken. And I think that's something that's being hit home in the most unfortunate way. But it's getting hit home. Yeah, I fully agree. That's the most beautiful thing about Bitcoin is I understand that, you know, it's maybe not the best currency because of slow transactions, high fees, and it's deflationary. But at the core basis of it, a fixed inflation rate is something that's probably really, really, that helps instill trust into the people. And that's why it has so much value, in my opinion. It's because people trust what's going to happen. Like, I always think, like, if the US dollar came out as a cryptocurrency or any fiat currency, people would be like, this is the biggest shit coin of all time. Like, run as far away as you possibly can. So true. I mean, one or two people can print as much money. They can decide how much to print. You know, it's magic money out there. So we did that. And we did a full course explaining people how to get it. So it's a great time. I'm going to show them the course right now, Big Academy. We did a course to get into crypto, trading crypto. I mean, the core essences of getting in. And you did a lot of work helping people understand what it is, right? So how was the experience like? Is this year? Are people, are more people coming in? Are you, what have you been seeing on a Facebook and a social media front? You know, it's been really interesting because, yeah, I'm running a Facebook group now. For anyone who's not aware, it's around like 155,000 people. It's been ranging in between 100,000 to 150,000 for the last maybe year and a half, two years. And you can kind of gauge market sentiment by that group by and large, I feel. And by the number of people who are coming in, by how much activity is happening in the group. And I would definitely say, well, objectively, looking at the number of people joining the group, and we vet them for quality. So it's not just like spam accounts. There has been a lot of new people entering this group over the last six months. So I really use that as a big indicator because, you know, people are using Google Trends as an indicator. Like, oh, people are searching Bitcoin more or buy Bitcoin. It's like, well, once you search it once, you don't search it again. So it's not the strongest indicator. But from my perspective, I have seen definitely a new influx of people. So it's not like it's just the same group of people just holding on. So is it 2017 levels? Now that's the issue. Is it 2017 though? Not even close. 2017 is a whole other ballgame. Like 2017 was madness. I think we're pulling in like, I think at its peak, it was 1,500 or 2,000 people every day into this group. Right now, I think we're probably bringing in like 200, 250. So not quite 2017, but certainly still some action there. It's not too bad. It's not too bad. That's pretty good. That's pretty good. So it's not 2017, but I think there's definitely gained interest. And I think this is like, it almost feels like for me, right, personally, it feels like early 2016. All right. So this is like when there's general interest, people are actually spending a few bucks here and there. There's general talk. There's, you know, there's more open-mindedness now, which is, I feel like a lot better in terms of everything. I mean, going on to the idea of open-mindedness as well. I mean, are you, we talked about Bitcoin. I mean, you're definitely a big believer in Bitcoin, but now let's go into the altcoin, you know, the shitcoin space, as I affectionately call it. Yeah. Are you a big shitcoiner? What are you? Um, yeah, I'll get straight to the point. Yeah. I pick and choose my shitcoins for sure. Generally, like in 2017, it was just a shitcoin extravaganza where you could throw a dart at the dartboard. It sounded cool. It had a nice white paper. Get in early on the ICO, flip it for 10X, and you're laughing all the way to the bank. That's not the case anymore. Now you need to actually build something. People have seen the song and dance before. People are smarter. So, you know, there's definitely a few coins out there that I... I guess that's your best platform to show your own coin, I guess. I mean... Yeah, that's right. Yeah. I mean... Well, so the coin that I'm working on is Uptrend. And I think that like with a lot of these shitcoins, you know, it's just like it's an idea, hope, a promise. And a lot of people talk about, okay, we need a utility. And so with Uptrend, it's a social media platform that token interacts with the social media platform. You can buy ads, level up your accounts. It's very baked into the economy. So I don't... I mean, it's not like I'm just buying a bunch of Uptrend. You know, I'm just... I'm in it for the long haul. But yeah, there's definitely some great projects out there. Like I'll kind of give a couple of shout outs to some ones that I think are really underrepresented. Pegnet is amazing. I think Teller is really unrepresented. And this is kind of the dark horse that I'm going to get a lot of flack for. But it's a Hex2T. It's kind of like a community version run Hex. Wait. What? Wait, this is coming from Jeff's mouth. Hex. Yeah. Didn't we make a video saying Hex wasn't that great? Yeah. So that's just it, man. With Hex, the big issue that I had was... And I still have is that Richard Hart gets 100% of the ETH that goes into this auction to buy the Hex. Hex every day. Not only that, but there's penalties that happen from early on stakes, late on stakes, all this kind of thing. With Hex2X, their preliminary token is called Hex2T. What they do is they use 80% of the ETH. Usually Richard Hart earns 100%. So they're taking 80% and they're using it to buy back tokens and then redistribute that to the community. So I see that as massive because the token price is going to go up and overall the staker is going to earn a ton. And secondly, the penalties are all going to the community. So it's kind of like, that's like my biggest shit coin thing because there's no utility at all. It's a 100% high speculation move, but it's very interesting. And right now it's 0.5% of Hex's market cap. So the system is objectively pumpier than Hex or better, I guess you could say. So we'll see what happens. I'm in. It's one of my gambles. I got in really soon, picked up a big stack, so I'm riding it. Jesus. I guess that's what you do in your spare time. All right. How can we kill Hex? Well, Hex2X. That's right. Jesus. I guess that's another way of doing it because, I mean, you know, we've been through a lot together and I'm always searching for utility. I think that's at the core of it, right? Like, it has to go somewhere, otherwise someone's just ending up holding a bag. And I think that's one thing. But I guess at the same time, I think recently I've been more open-minded to everything. So I might take a look, but I guess it sounds shady as hell, though. So I don't know, man. But it's fair. But I mean, like, here's a thought. This is a contrarian thought. And I'm probably going to get a lot of flack for this. But you think of what is the utility of Bitcoin? It's just a thing of value that we go back and forth. And you could see it as a zero-sum game because if everybody sells, then it goes back to zero. So that's kind of the mentality I approach some of these zero-utility coins with. Granted, I 100% agree with you. You know, a project like either it's Uptrend or Hive or Teller or Ethereum where these tokens have legitimate utility in the ecosystem, that's the long hold. That's the one where you're like, yes, I feel comfortable holding this for a few years. I guess, but I guess like Bitcoin also brought forth the idea that you can have an unstoppable form of value transfer, right? I mean, it's the only one where we don't really know who the leader is. I mean, as much as Craig Wright's trying to jump up and down, but yo, I'm Satoshi. I'm the Satoshi guy. I'm rich. I'm rich. Did you see that recent video with him, by the way? No, I did not. I did not. Okay. So real, real quick. So it's Patrick, who's founder of MailSpell. Anyways, he's on an interview with Craig Wright. And he's kind of asking him questions about the Tulip Trust and what happened. Because like the thing that got signed, it's like, hey, Craig Wright is a fraud. And that was from a wallet that Craig said he owned, right? Exactly. So as he's giving his answer on the interview, and you guys should check this out. It's like a total non-starter answer. He's like, oh, you got, anyways, it made no sense at all. During his answer, he gets a phone call. He picks up his phone and goes, I need to go. Hangs up the call. It was unbelievable. So it's likely his lawyers just say, shut the hell up, right? Well, maybe. I guess so. They're like that. Otherwise, that's the biggest synchronicity of all time. And it wasn't at like an interesting timestamp, like, you know, one hour 30 on the dot where he would have had a meeting. It was at some random timestamp. So he, somebody I feel was listening, called him and ran. So anyways, I don't think it's, it blows my mind that Craig Wright can, how do people like, has he ever provided a shred of evidence that he actually is Satoshi? Not credible evidence. I mean, he tried various ways. And I think this is the beauty of Bitcoin, right? Because we don't know who the founder is. There's no one to peg it to. And I guess that's the, the, the main value, right? The two, I think the two biggest value propositions of Bitcoin is first, it's always the first mover. So it's got the most amount of liquidity, go anywhere, travel anywhere. Like you, you just go to like, say Vienna, you go to the Bitcoin center there, boom, Bitcoin, they accept it. Did they accept, I don't know, hex 2T? Maybe not. Yeah, that's fair. Did they accept, uh, even, even popular ones, EOS or Ethereum. Sometimes they're okay with Ethereum, but most liquidity is in Bitcoin. That's where you can dump like a hundred million dollars. No problem. Right. But with a lot of the altcoins, I think it's a lot more kind of, okay, if you dump a hundred million, things are going to move quite a bit. And that's major understatement. Um, yeah. In the world. Right. So I think, I think that's the kind of the dynamic we see. So I feel like Bitcoin has its value there. And I think more recently we've been experiencing, experimenting, talking about China as well, where China actually needs Bitcoin because the Chinese rich, they need to move money. They want to move money freely. Right. There's a lot of capital controls in China that, that restricts the way their money moves. And that becomes a very, very big problem. So I feel like that's kind of the justification case for Bitcoin and Bitcoin is already kind of really heavily in that role already. Yeah. It's got the network set up. So I feel like I will defend Bitcoin and say, look, it's, it's got a little bit more than just, you know, a pyramid. Oh, a hundred percent. Like I was, I was being very late. A little bit more. But, but. I was being very tongue in cheek with that, with that statement. Like, cause for sure network effect, massive first mover, it brought a new technology to the space. And I, you know, I think when we talk a lot of times, you always come back to that ability to transfer wealth without like permissionlessly outside government agencies. And I think that is so drastically undervalued and appreciated in just what a monumental thing that is for Bitcoin. Like you fly across the border. It's like, you can't bring more than $10,000 while you got your ledger. Now you can, or you just have your little seed phrase written on a piece of paper. You can now move money as a free person, which I think is a beautiful thing for a global world where, you know, we were not divided by nations anymore, where we can just interact as, as a unit. Um, what about social media? So, I mean, you've been creating the uptrend platform for some time and in many ways it's, I would actually say it's better than the Steemit. I mean, I think, I think Steemit made a few big mistakes there. And do you agree with me? Like, um, I think I've been a Steemit fan for a long time and I think I don't want to shit on Steemit because it gave me a lot of confidence early on. It's one of the projects that, and I would say the community itself, the community was the, one of the most helpful communities in getting my channel started. They were like, okay, here, there's a way to provide, there's a way for people who create content to make money immediately. You don't have to wait for YouTube to send you a check every six months. Like you can just get it right now, right here. But there were also fundamental problems with it, which led to the eventual kind of demise of Steemit where even the community left, right? So now it's part of Hive. Justin Sun purchased the Steemit from the Steemit Foundation. We know that's a big mess there. But, um, how did you, um, how are you going about kind of solving the issue, right? Um, you know, Steemit, what did you like about it? What did you not like about it? And how did you solve it? For sure. Yeah. So great. Awesome question. So yeah, there's kind of like, let's three buckets, Steemit, Hive, Uptrend. Um, Steemit first mover. Amazing. Like you mentioned, like they've been around for four years. Like they have really crafted something substantially important in the cryptocurrency space. Um, like you mentioned, Justin Sun bought them out, started censoring accounts, freezing funds, um, paying off X-WALT. He colluded with exchanges to free his funds, yada, yada, yada. So there's some really shady shit. So people ended up forking and moving to Hive. So all the good parts of Steemit kind of went up and went to Hive. And no, I absolutely love Hive. I wish them the best. Um, they have an incredible decentralized ecosystem. And from all the kind of good leaving Hive, just go to Steemit.com now. Like look at the front page. It's, it's a mess, man. Um, it's just like a lot of scams and spams. So, um, I guess you could say like, in my opinion now, like I have so much love for Steemit. When I started Uptrend, that was the big, like it was my mentor. I'm like, wow, like I look up to these guys. Um, they've taken a turn for the worst though, because of acquisitions and censorship. So Hive is kind of our, our direct competitor. I would say we never talk about it that way. It was just like, we're, we're in tandem. All boats rise with the tide to see if 3.5 billion people on social media, you know, we have 150,000, I think Hive probably has, I don't know right now, maybe 50,000, maybe a little less. Um, so like there's no competition to what I see. So just the main difference to kind of finalize it off is like with Hive, they're, they're amazing. They have an entire block on chain, trustless ecosystem built, which is incredible. The issue with them that I see is that they've kind of created a little bit of an oligarchy. So if you're a new member, you're not getting any exposure, you're not earning anything. It's kind of like an old boys club where you have to, you have to make your way in, which I don't really feel is very fair or something that is able to have like mainstream adoption kick in, especially with their sign on process. You know, you've got to go through blockchain accounts. Yeah. I think, I think before we talk about the sign on process, I definitely want to talk about this old boys club. And I think it's just a direct consequence of the economics behind steam and you know, how Hive inherit steam is a fork of steam. So I think it's a direct consequence of that because it's not one man, one vote, right? Which is what Reddit is. Reddit is one man, one vote. You make an account, you click an up button. It's you, you're added to a total. So 4,000 people like it for if sales is 4,000, the only problem with steam is $1, one vote. So you have this huge issue where there are certain whales who have a hundred thousand dollars worth of steam it. And they are literally a hundred thousand times more powerful than you. I feel like you start off with a dollar or even less, right? You start off with like, I think they were trying to give out like a dollar's worth of steam power. So, so literally you're surviving of welfare and these like, this is a lot of people. This 0.1% of the steven population, they will have all of them. They're like, it's, it's like the economics are exactly like real life. Right. And just like in real life, they can censor anything. They can click a down vote and your vote just gets obliterated. There is no coming back from that. So I feel like that was one of the biggest long-term problems with it. Like they, they wanted to rig the economics in such a way that it gives token value. So there's more reason for people to hold more tokens, but at the same time, like giving them so much power by making it $1, one vote, they completely screw over all the main population. So how did you deal with that? Like, did you, did you find a way to deal with that? How, how is that structured and on uptrend? For sure. And that was really one of the biggest catalysts for wanting to start uptrend when steam had, it was like, wow, this is such a great system, but the oligarchy is insurmountable. We need to create a system that's a decentralized social media platform that has a quality of opportunity for everybody, no matter how much you're putting in. So how uptrend is doing it is you start at level one and it's essentially like one, one person, one vote, just like on up earn on Reddit. But as you level up with experience, with time, um, then you write, you rank up the levels and then you get more influence and power. So power isn't dictated by money. Power is dictated. It's more so like reputation and so your reputation allows you to have more influence on the platform based on how much you're engaging. And also as you level up, not only do you have more influence power, but you have more earning potential as well. So it's like a really like a double-edged sword. And is that the right phrase? It's a win-win. That's probably the best way to say it's a level up. Oh, it's a win-win. Oh, wow. I love that keyword. Sorry. Sorry. I'm like, I'm so sensitive to these keywords right now. But I guess what's another one? What's another keyword you love? I don't know, man. It's, uh, it's all those bad words being thrown in. I mean, right now, win-win scenario, IOT, AI, you know, blockchain being one of them. I hate, I hate how blockchain is being one of them, but like everyone's just throwing these key phrases down. And I think even when it comes to gaming, it's like this, like player economy where you can get African kids. There'd be so interesting in game because they can make like $2 an hour. I'm like, no people, that's not a game. That's like, that's like exploitation 2.0, right? Right. Yeah. So anyways, so, so I'm sensitive to that, but I think, I think the core is like, I mean, I tried out Uptrend on an account there. I post very frequently on Uptrend. And I think one of the, I think one of the things is that I get more power as a level up, but it's not exponentially more power. I think that's the key difference here. For sure. It's like, you can, the way that video games work and the gamify is that the heart, the, the, it's, they, they nerf money over time. And I think that's, that's probably the, the, the best way. How's the engaging platform? Like, so how's the platform developing, you know, how's it going right now? Yeah, man. Um, I think it was maybe two weeks ago, uh, on Alexa.com, which kind of takes your 90 day website engagement stats. Uh, we passed steam it and we're ahead of, yeah. And we're ahead of hive. So technically right now we're the most, we're the biggest some, yeah. So it's been quite the journey. It's kind of like a pinch me type thing. Um, granted, I do want to be fully transparent is a lot of our demographics are from developing nations. So it's not like, it's like, wow, yeah, we're the best because quality is very important. And I think hive really dials that in. So we have a lot of metrics right now. And now our main goal and focus is refining the algorithm so that we're able to highlight quality a lot more. And so that's going to start, uh, cause we haven't even implemented that thing where I'm saying, Hey, the higher your level, the more your reputation that's going to get implemented within the next week or so, depending on when this airs. Um, so that will really start to clean up the platform and raise the quality. Which I'm really excited for because then, you know, higher level people who've been on longer aren't going to be upvoting these comments for it. Cause when there's, when there's free stuff being given away, let's, let's be real. It's, you know, it's not hard to write a easy comment. Somebody upvotes it. So it's shitposting. All right. A little bit. I'm super straight. You know what? You know what? Let me, let me, let me, let me be straight here. It's shitposting. Yeah. So, so prior to watching this, you know, why I'm a big douchebag is I've been watching a lot of Kevin O'Leary videos and he's a very straight talker. Show me the money. Yeah. It's all about the money. I don't care about your feelings. I'm here. I'm here to make you money. Not here to save the whales. I love that guy. I love this guy. I love that guy. I love the guy. I'm anyways, that's digressing, but that's why I'm, I've been watching way too many videos of that guy. I'm calling it straight. So you're trying to cut down the shitposting. You're trying to find quality content in there and you're trying to kind of highlight that and just kind of gain on the success. Awesome. Exactly. So what is the token for? Let's, let's, let's go to the last bit about uptrend. What is your token for? For sure. So the token has a few different utilities. So one, one token buys you 10 impressions of advertising. So you can say, Hey, or sorry, 10 views of advertising. And the average CPM rate is cost per thousand impressions is $2 to $9 per thousand impressions. So you can do the math, check out how that relates to our token. And then figure out. You just see me at my mind. Boink, boink, boink, boink, boink. Let me, let me push this video out. Yeah. The math, the math is very advantageous to a very solid token economy in the near future. Let's put it that way. Okay. Also the token is used to be able to level up your account. So you can kind of like raise through the levels a little bit faster if you invest with the token. And then something that I'm really excited for coming in the future is purchasing a community. And this is going to be really cool. So the, and investing in content. So I'm going to touch on both of these. These are both crazy concepts I haven't really seen before. So creating, owning a community. You can, let's say you're like, I'm going to, you know what? Michael goo box mining. I'm going to buy the Bitcoin community because I'm gangster. And now every upvote that ever comes into the Bitcoin community, you're going to earn a percentage from that upvote. Or you can call it Michael goo's Bitcoin community or box mining community. And you could invite a ton of people in. You're earning a passive income. And then when you're like, you know what? I've grown this to a substantial size. I actually want to flip it and sell it to somebody else on like an open market. You can do that. So it's going to be kind of like this like marketing machine for uptrend where people buy their communities. That's kind of, I like it. It's also kind of evil in a way, right? I don't believe in selling communities. All right. Okay. Because that's kind of something you built. You kind of built up, right? But at the same time, I think if you have money, if you're, if you have monetary involvement with a certain community, you feel more attached to it. Yeah. So I think like, interesting, interesting. Yeah. And it was like, maybe I was giving, I was giving too much of a personal example. Cause obviously, you know, selling Michael, like Michael goo's box mining community. Like who would buy that? But even selling a Bitcoin community. Like even like, I'd say, I'd say I'm balling enough to buy the Bitcoin community. Even still, like the community is still a community, right? It's like, you know, like not to, not to quote Marvel here, but you know, like, like you watch the, the, what is it? The latest Avengers. It's like Asgard's not a country. It's a community, you know, it's a people, right? So how do you sell to people? You can't sell Asgard, right? You can't sell Bitcoin community. Nor can you sell Asgard, right? I guess. That's, that's what I was thinking. I guess it's like Asgard is under new management guys. It's like Thanos just sitting there. Oh, new management guys. Thor sold out. I'm sorry. That's right. But I think in a way, I think it's, it's how you package it and how, how exactly. Okay. Okay. Okay. So, so, so I'm trying to pull calls in your share. Okay. Keep going. Keep going. I like it. I love it, man. What's your second thing? So this other one is investing in content. And I think this would be really cool to highlight new people who are onboarding to the platform, which is the toughest thing to do when you come to any new platform is get your stuff noticed. So let's say, you know, you, Michael, Google box mining, you're new to uptrend. I see you post. I'm like, Oh man, nice. Michael's here. I'm going to submit a proposal to him. And this proposal can have whatever parameters that you want, but let's say this proposal. I'm going to say, you know what? I'm going to boost his post for a thousand views. And I want to get, let's pick a random number. 75% of the profit. I submit that proposal to you. You can either say yes, no, or renegotiate. And you can have whatever, however many views, whatever percentage split. So it's like, you're literally investing in content. So I'm really excited for that. Cause I think that's really going to help the quality rise to the top and create this really interesting gamified aspect around quality. That's actually really interesting. I mean, I'm going to be very supportive. You know, I was a, I was a total douche in the last one, but I'm pretty supportive of this idea. When I started creating content where people who really donated a lot of money, like they'll donate 50 bucks. I'm like, Oh shit, it's 50 bucks. Someone just paid me $50 to do something. And if I can have someone who says, Oh, look, I'm really, I'm really here to support you. You know, I'm here to back you up with certain number of views or whatnot. That's, I think that's amazing. And I think, um, that's something that needs to be done more. That's actually solving an issue of most content creators where you kind of, you kind of go on and create your content and it gets nowhere. You might spend like three, four or five hours writing this article and just no one, uh, no one sees it. And that's because the platform doesn't believe in you. Right. Cause the platform only believes in the way the YouTube algorithms and the most algorithms work is that they, they just, they trust content creators. That's been doing it for a long time. Trust matters, right? Reputation. I mean, they have a reputation score, right? Matters. So when you start, you have no reputation. So having someone to stake you to, to find you, it's like searching for talent, right? Exactly. And we have that. Yeah. We have that in the, the, the record industry, the music industry, the actor industry. I think having this in the content creation industry overall, the social media space, I think that's, that's a game changer. Cool. I agree with this one. Last one, not so much. Selling an ass cart, not so much, but this one. Yes. I mean, Oh yeah. All right. 50%. That's a pass from what I understand. That's awesome, man. That's awesome. And I hope you guys like this kind of style of talk. I mean, we're just really down to earth. I mean, I think something recently being, I'm thinking is I'm just going to move away from being just too professional on this channel. I think it gets a little bit boring sometimes. Um, and just to get down to the people. And I think this is great chatting to Jeff about this. And you got your neon lights too. So you're like, you're really, really mixing it up. Yeah. I'm trying, I'm trying mine. I'm trying, I'm trying to do some different content. And, um, I hope that's, um, really helpful. So I think you guys have any questions to ask about Uptrend as well. The Uptrend, um, dude, the, the, the website is uptrend.com. So there's, uh, multiple N's in there. Only two, only two. So it's U P T R E N N D.com. So check, check out Uptrend, give your feedback, join the community. Um, you know, uh, get like, if you guys ping me as well, I'll, I'll, I'll throw some uploads your way too. Um, and I think that's, that's a great way to get started and tell me what guys, what you think about that too. So I think lastly, to end off this video, I think one thing that's just like, okay, how are we surviving the market? So, so, so right now we're in this kind of, I would say interesting space right now, because Bitcoin prices is not moving that much, but we have all the pressure that it's going to move very soon. This apex right now, now we've got new vocabulary coming up. We're going to throw this new word, the apex, right? The apex is coming up very soon. So, um, are you prepared? Are you doing any preparations? Are you buying, selling? What are you going to do? Yeah. I have this like big kind of like a thing on my floor. I've painted a big pentagram and I'm doing rituals every day. No, no, no, no, no, no. It's not a pentagram. It's a hexagram. Hexagram. Yeah. Right. Oh my God. You're on board. He's on board. No, no, no, no. I just, I just can't, I can't let you down on that. You got a big hexagon on there. Yeah. Two X-ing it. Yeah. I'll tell you what, man. But no, like the way I see it, like just from like super simple TA, like I say, I'm not smarter than the market, but when I just look at the price graph, it's just like this big descending line starting from 20 to 14 to 10 to nine. And it just, it's forming this large, large triangle towards an apex. So I'm just, I'm excited to see what happens at that apex. I think there's just, we've, I mean, we're not, we'll see what happens. Anything can possibly, can happen. I'm not, I wouldn't be surprised if we saw another drop to 3000. I wouldn't be surprised if we saw a drop lower than 3000, to be honest. But I think at the end of the day, one thing is for sure is that through time, Bitcoin is just becoming harder, more valuable, more reputable, more distributed, more mainstream. And it's, it's becoming ingrained in our society as the money of the internet. You know, you got Jack Dorsey, like Bitcoin, that's his like only thing in his Twitter bio. You know, it's just, it's like, it's a culture now I feel. And so in my mind, I'm just, I got a little bit of goosebumps talking about it actually. But I just, I'm just anticipating it and really excited to see the new movement that's emerging through blockchain and all these new decentralized movements. Just shifting power to the people and away from corporations. And I think it's all very, very interesting. Yeah. What about you? Awesome. That's a great question. I almost echo that. I think one of my friends, actually, I can't reveal who he is and what he's doing, but he's, he's contacting a lot of different people, asking them to come to conferences and it's been much more receptive and we're getting much bigger names being appeared up. So, you know, fingers crossed. So I'm pretty excited. Um, I think, uh, the past few months, my trade account and my hodl has been doing very well. I mean, everything's growing. The rising tide brings up all the waves. Um, I'm a little bit more cautious now. I've told everyone that after having, I'm a little bit more cautious of what to do. Um, you know, especially I did lock in some gains. Obviously I have a new office here. I had to cash out a little bit, but my hodl remains untouched throughout this whole ride. And I don't want to touch it. I think whether it goes up and down, I don't want to change or shift anything in the hodl. I just, it just doesn't make sense to me. I think we're still so early on. And if I, if I cashed out everything now, it wouldn't make any sense because like, that would be like, like, that would be like me cashing out when I was 15. Like I literally cashed out Bitcoin when it was $15. And you know, that was my biggest regret in my life. Right. So I think that in, in that's front there. So I'm actually reducing the amount of trading as well. I don't see the opportunity. So the opportunity just wasn't there. So I'm kind of reducing that. Um, I feel it's like, uh, I don't totally agree. I mean, I think trading there's a, there, there is, you know, some element of, um, um, I guess, I guess like if there's opportunity that presents itself, I'm not going to say no. Right. But at the same time, um, you know, um, it's just no opportunity. I'm not saying, and I don't see too many opportunities on that. That's, that's a blunt truth. Right. I'm not going to lie to you guys and say, Oh my God, every day is an opportunity. Go, go gamble on, on leverage trading accounts. Sounds like a good motivational speech though. Every day is an opportunity. Every day is an opportunity. Every day is an opportunity in life, but not every day is an opportunity in trading, especially if you're not spending your whole life looking at trades. Yeah. So, so I'm, I'm, I'm really happy here. I'm doing more content. And I feel like one of the biggest motivations right now is like, okay, I gotta be prepared for the next run. So I'm not, I don't care when it's going to come, you know, six months, two years, five years, 10 years, but I gotta be prepared. And this is something that I've been really pushing hard to do with these news video series, with these new content is to be prepared. Uh, find out what works, what doesn't work. Find out a style that I like, maybe, maybe even exit some particular stuff. Like maybe even not exit, but like jump into new styles, right? I won't be negative. I won't be positive here. Jump into new styles, try some new content here. And guys, if you guys like this chat with Jeff, give me feedback on that. I want to bring him on more on this channel, more give you down to earth talk, whatever he's doing. And, you know, I'm not going to judge, okay? No judging. Okay. Whatever it's Hex2x, your one-ups, your, what was it? Teller, whatever. Teller, Pegnet. Yeah. Yeah. Pegnet. Whatever coins, you know, I think it's just being open. This phase, at least for me, it's been open. And I think that's worked out pretty well so far. I love it, man. Yeah, no, this was, this is a super enjoyable chat. It's, it's only so nice to catch up to you, man. I'm looking forward to hopefully hopping back in January to Bali. That'd be some good times. That would be awesome, man. So we'll definitely be talking before that. And guys, I hope you guys enjoyed the session. Leave some feedback below. Remember, check out Uptrend. Check out all the coins you talked about. And Big Academy. Why not? Hey, let's pop that in. There we go. Let's pop that in. We've got the amazing course on Big Academy down, down. And I think, you know, even, even with that course, you remind me a lot about keeping things simple and I'm not ranting on forever. So without ranting on forever, man. Thank you guys. Thank you guys so much for watching today. Check out Jeff's project. Check out Big Academy. And see you next. Lex. Not, not, not, not. Sorry. See you next time. See you guys next time. Peace.