The following transcript was created using artificial intelligence. There will be some grammatical errors below.

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Richard Carthon: Hello, everyone, and welcome to another episode of Crypto Current, your host here, Richard Carthon, and today I have a special guest all the way up in Bangalore if you’re working on a really cool project in the DeFi space. We have Abhishek Singh  with Comdex. How are you doing today?

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Abhishek Singh: Doing great, thank you for having me here. Very nice for people to have some.

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Richard Carthon: No doubt men will be eager to learn more about Comdex, but before we do want to learn more about you and your

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Richard Carthon: background, he give some

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Richard Carthon: background on yourself.

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Abhishek Singh: So, guys,

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Abhishek Singh: obviously, you know, I’m an engineer by trade.

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Abhishek Singh: I’ve been there since 2014. I started with

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Abhishek Singh: just moving it on bitcoin bars

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Abhishek Singh: and, you know, admiring

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Abhishek Singh: data mining

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Abhishek Singh: rigs as well.

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Abhishek Singh: They appear to have made up for a very long time. And then,

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Abhishek Singh: you know, from a

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Abhishek Singh: career perspective, more into e-commerce had a

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Abhishek Singh: couple of other clients which I work with and then finally took the plunge. And you’re not always building a

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Abhishek Singh: project sometime in 2019 was externally spotting complex earlier on.

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Abhishek Singh: But then I bet in 2019, as with for context,

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Abhishek Singh: and in the beginning of this year, when we started building the Synthetix protocol

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Abhishek Singh: for context, popular appeal, and now

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Richard Carthon: I have.

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Abhishek Singh: Well, talk about a absolute journey to get to where you are, right, so working in the e-commerce space as a developer all the way and becoming a CTO and then evolving into a CEO is

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Richard Carthon: quite the journey. But you know what was that

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Richard Carthon: first introduction to the crypto space in the first place?

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Richard Carthon: In the first place, are they in 2013, they were just looking

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Richard Carthon: to Dusty, I remember I was

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Richard Carthon: back in college then computer

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Richard Carthon: science with another text, and I would do so,

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Richard Carthon: you know, failing what is the CDC? How does not involve? And then back then there were so many BTC casinos there. I was there saying how bad they were. How do they make it? Probably bad? Of course, back then I

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Richard Carthon: didn’t know it. I will do so.

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Richard Carthon: But then it was so

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Richard Carthon: interesting and then I got my interest. Then slowly,

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Richard Carthon: it even got launched. And, you know, I’m a big fan of gaming. This is the hardware store I started building. My neighbor got as a hobby, but then that became like

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Richard Carthon: Bobby Jindal

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Richard Carthon: and Rick Manley. So it’s the

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Richard Carthon: start of a band, and

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Richard Carthon: I can’t

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Richard Carthon: really what I did. But you know, this is my home.

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Richard Carthon: And then it just happened to me, I believe.

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Richard Carthon: Yeah, no. I mean, it’s really cool that you’ve been in the space for around eight

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Richard Carthon: years or so, just knowing about

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Richard Carthon: it and then finding ways to get involved. I know you said the theory. What was your first kind of dive into really getting deeper into it, but even just seeing how much the space has evolved since when you first got in? And I’m sure it’s been its own journey, but can I talk to us about why would you leave E commerce and kind of go more into the crypto space? What was it about

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Comdex that made you pull

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away and say, like, this is what I need to be doing right now?

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Absolutely. So, you know, in

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e-commerce, if you look at the United States of the market,

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many of the telephone

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companies they

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started, you know,

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have been declining sales and they

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finally get the Amazon effect. The primary reason was,

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you know, the supply

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chains weren’t as

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efficient as, you know, because competitors, although these companies have been around for over 150 years and the US, but they recently filed for bankruptcy.

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So, you know, it was very challenging for us on the

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ground because, you know, we deliver our best people on the ground and try

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to make

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that product.

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But if you wonder about

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it, it really fell apart. I would say something better

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Abhishek Singh: and I’m like that,

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that they will to be

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Abhishek Singh: something in the

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supply chain space, you know, for the enterprise that if they pop there, they’re building a good product.

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Abhishek Singh: The commodities above go transported

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on ships by organizing

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Abhishek Singh: the block bidding. So it really caught my interest and I want it to be a

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public company to be able to

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Abhishek Singh: make the whole supply chain more efficient. And this is why, you know,

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I just don’t like being there right after the.

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Richard Carthon: Awesome. So just going from e-commerce and kind of like you said, the scene, the Amazon effect and just seeing like, how do you kind of democratize the supply chain

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Richard Carthon: side of things? That’s where

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Richard Carthon: Comdex kind of came into

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Richard Carthon: being. So give us an overall

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Richard Carthon: understanding of like what it has evolved to today and how users are beginning to interact with it.

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Richard Carthon: Absolutely. So, you know, they started with a complex basically means commodity lease and life extension. And we started primarily to focus

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Richard Carthon: on the basically the commodity has been around us for so long, you know, property not really around in the sea, but you know, we kind of don’t notice that as much because it’s not too exciting.

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Richard Carthon: But it’s also individual and market where

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Richard Carthon: you know a lot of the like the lifeblood of the whole economy.

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Richard Carthon: And we started

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Richard Carthon: approaching

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Richard Carthon: a lot of operators and

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Richard Carthon: Singapore trying to understand what their problems were. So these data, you know, they’ve they don’t they don’t have a lot of product for them

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Richard Carthon: because it’s not someone you will see a lot of metal start

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Richard Carthon: ups, you know, building solutions for these. But I think

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Richard Carthon: from a

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Richard Carthon: client perspective, all of these data, you know, have them them as they do over

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Richard Carthon: a billion

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Richard Carthon: dollars

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Richard Carthon: in a year, but very maybe

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Richard Carthon: in the shadows, if you would buy it. But it’s not.

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Richard Carthon: It’s not too prominent

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Richard Carthon: because, you know, the

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Richard Carthon: retailers don’t get up out of it.

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Richard Carthon: So we started asking them what the problems for, you know, on how we can help them.

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Richard Carthon: And so we started

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Richard Carthon: that tokenizing basically their

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Richard Carthon: membership. When the commodity

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Richard Carthon: is on a ship that gets

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Richard Carthon: there, they’re still sort of being 65, they

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Richard Carthon: on the other side of the boat. So we wanted to create a platform for them where they could, you know, track

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Richard Carthon: ownership and then also take

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Richard Carthon: the same commodity they from

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Richard Carthon: the place that it got

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Richard Carthon: onboarded on the ship. So let’s get started on the other console. And of course, then that is involved for all

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Richard Carthon: the babies

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Richard Carthon: you would want to drag.

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Richard Carthon: The ship has been on on the banks

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Richard Carthon: of the country

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Richard Carthon: and the previous 20 boats that don’t

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Richard Carthon: seem to be on top. So we build this complete set of solutions for all of our

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Richard Carthon: DNA based Peter

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Richard Carthon: and Ryan on board it

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Richard Carthon: in place across Singapore, Malaysia and Hong Kong.

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Richard Carthon: And

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Richard Carthon: therefore, then trade well flows over 160

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Richard Carthon: million dollars fine on our platform.

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Richard Carthon: We can’t be working on building

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Richard Carthon: a building platform on on the settlement,

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Richard Carthon: on the platform by

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Richard Carthon: connecting it to Western Union,

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Richard Carthon: and that kind of requires a license that would

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Richard Carthon: be a asset for which we

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Richard Carthon: are looking upon to enable. But remember, they were going to have

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Richard Carthon: to leave the platform ever to compete.

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Richard Carthon: One company’s trade and both that, you know, we’re doing probably figured

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Richard Carthon: out, know everyone, be financing, even if they

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Richard Carthon: created their, you know, they rely on Trade

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Richard Carthon: Financing Fund to

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Richard Carthon: bankroll

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Richard Carthon: these commodity basket. As in commodities,

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Richard Carthon: the you know, the margin

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Richard Carthon: is way less because the prices for

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Richard Carthon: all commodities move on to be happen. So whoever has the best plan kind of wins. And again, this is why we started

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Richard Carthon: building in know financing solutions so far

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Richard Carthon: for these players and

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Richard Carthon: those kind of opposed to the Synthetix protocol that we’re building up. So in the Synthetix

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Richard Carthon: protocol, we

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Richard Carthon: will have both times to the, you know, one set of users who will just,

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Richard Carthon: you know, traded commodities, and that actually will begin with

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Richard Carthon: synthetic gold bullion oil. And let’s

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Richard Carthon: be, you know, we’re speaking to a couple of oracle providers

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Richard Carthon: to add more by Freeport agri commodities, which might be far

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Richard Carthon: more supply feeders for trading. I mean, they were primarily trading for being employed. So once we get those prices then and enable leveraged

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Richard Carthon: on the platform,

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Richard Carthon: we want, I believe one

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Richard Carthon: configuration profile

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Richard Carthon: of the trading because all these states, whenever they open a position, they have

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Richard Carthon: competitors immediately for that

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Richard Carthon: because they trade, because they close to 120 180.

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Richard Carthon: So we want these traders widely just, you know, take those hedged on the

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Richard Carthon: new synthetic

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Richard Carthon: protocol to.

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Richard Carthon: Right. So this is where we are that I

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Richard Carthon: mean, that’s

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Richard Carthon: one failure for no, and we are hoping to get that soon on our.

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Richard Carthon: That’s awesome, man there. There’s a lot to unpack there. So just to do a quick recap.

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Richard Carthon: So Comdex stands for commodities

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Richard Carthon: DEX, you’re going after a 17 trillion dollar market. Want to make sure that everyone heard that about $17 trillion dollar market cap that I don’t think is really being looked at in this space just yet. So it kind of feels like

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Richard Carthon: are pretty much a big mover, a lot of traditional

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Richard Carthon: financial investors.

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Richard Carthon: This is where they

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Richard Carthon: start, right? This is where a lot of them get their first play in the trading world before they start moving on to other things. And so

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Richard Carthon: a lot of them should have some

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Richard Carthon: familiarity with with being able to do this and the fact that you are able to create Synthetix, which you know, you’re able to

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Richard Carthon: trade a lot of these commodities using Synthetix is really, really

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Richard Carthon: powerful and cool. And the other thing like, I just wanted to ask you, so I know that you built this on top of Cosmos. Was there a reason that you built this on this ecosystem as compared to some others?

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Richard Carthon: So to be honest, you know, back in 18, when we were

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Richard Carthon: designing sort of be new

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Richard Carthon: to the view of creating and after years of growth of Medicaid thought for for a token to have so much better able to identify a real world asset, we need to put in a lot more detail

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Richard Carthon: if we kind of do it on a premium.

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Richard Carthon: You know, it becomes sort of costly just to amend that. And so this is why we expect Obama’s. And then of course, we’re big fans of interoperability, although back then it

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Richard Carthon: wasn’t better team members. But, you know, we’re

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Richard Carthon: very bullish on them. Also because of the

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Richard Carthon: way it operates in all the major

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Richard Carthon: Cosmos ecosystem players, they come

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Richard Carthon: together to specify what should be the new state of development.

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Richard Carthon: And that’s a very simplistic position, and a lot of people don’t know about

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Richard Carthon: it kind of fell apart. One of

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Richard Carthon: those became

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Richard Carthon: obvious the barriers that are

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Richard Carthon: BNB and so many

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Richard Carthon: things. But you know, it

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Richard Carthon: doesn’t deserve the recognition. I mean, it hasn’t got the recognition of the world, but we’re super bullish on the gospel because,

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Richard Carthon: yeah, I mean, I think Cosmos is a sleeping giant. One day it’s going to wake up and people are going to be like, what happened? But the people who are in and

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Richard Carthon: see it already already

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Richard Carthon: get it. So I just wanted to get your opinion on that for for a second. But Cosmos is definitely a really amazing ecosystem

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Richard Carthon: in the

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Richard Carthon: community. There is very strong and helps

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Richard Carthon: each other, so I like that

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Richard Carthon: as well. So kind of going back to someone that’s listen to this right now, let’s say

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Richard Carthon: it’s

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Richard Carthon: a traditional investor that got into the crypto trade. They’re like, Oh my gosh, this is like my bread and butter. I used to do this. What does the process look like? Be able to come on the platform and start using it.

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Richard Carthon: Hey, cryptocurrency, true, this is Steve Miller,

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Richard Carthon: and I’m the host of CC Life Show that keeps you up to date with what’s poppin off in crypto in every episode of CSI Live brings you. The latest news keeps you updated on the top projects in decrypts everything you need to know to get ahead in the wild world of Web3. So if you really want to stay cryptocurrency, join Richard, Chris and I every Tuesday and Friday at seven p.m. Eastern, only on YouTube Live. So what are you waiting for? Subscribe to cryptocurrency YouTube channel today and as always, stay cryptocurrency

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Richard Carthon: Synthetix protocol.

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Richard Carthon: It all get launched mostly during January 2022, and it’ll be a very simple transaction, I bet.

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Richard Carthon: I’m not sure if does abuse of office, but

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Richard Carthon: it’s very similar to that. You’ll get IBC enabled

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Richard Carthon: assets on our

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Richard Carthon: team and use

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Richard Carthon: them as collateral commodities.

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Richard Carthon: So let’s say a four user has item and as a wallet of approval, one of the ABC channels. They will bring it on the

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Richard Carthon: expedition and know lost that item up and mint synthetic bond,

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Richard Carthon: which they can provide for a liquidity pool

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Richard Carthon: and enable trading. And you know, obviously the and

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Richard Carthon: way the ability has been the extra remaining mining rewards for BP.

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Richard Carthon: And the future,

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Richard Carthon: what people will be aiming to do,

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Richard Carthon: you know

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Richard Carthon: what may

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Richard Carthon: be we do

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Richard Carthon: their life I before

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Richard Carthon: with blood

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Richard Carthon: flow this term, but the long term becomes place to be. But if you look

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Richard Carthon: at how it operates in the real world, then when

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Richard Carthon: people are approaching funds for financing, they use the invoice and the bill

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Richard Carthon: of lading

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Richard Carthon: itself as collateral to

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Richard Carthon: get that loan. So since we

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Richard Carthon: already have those that are

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Richard Carthon: being built on the insights that we would be trying to use them the real

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Richard Carthon: world after the Belfast bulletin to

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Richard Carthon: them provide liquidity to these centres. So that’s like the overall

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Richard Carthon: vision to

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Richard Carthon: achieve with lots of payback.

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Richard Carthon: And the first question I don’t get lock it up in a vault. Many commodities and the next day in liquidity,

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Richard Carthon: mining rewards, and then they’re both selling off synthetic.

00:14:16:06 – 00:14:55:13

Richard Carthon: Yeah, it’s interesting, man. And because another element that I want to kind of unpack and get, you know, see what your thoughts are on this was something like being able to trade synthetic. Commodities. Whether it’s a bull market or a bear market, there should be opportunity for for gains, right? So we’ve been in this bullish cycle for quite a while and might be extended. It might be ending soon. Who really knows? But all the same, we know that we’re getting reports the end of a cycle. And as we get into bearish opportunities, there’s ways that traders have to be able to leverage and find other ways to to keep being able to find some opportunities.

00:14:55:15 – 00:14:57:17

Abhishek Singh: And commodities have always been

00:14:57:19 – 00:15:05:25

Abhishek Singh: a solid place to go. Look. Do you think that this platform is going to be positioned, whether in bullish or bearish territory, to, like, thrive?

00:15:07:14 – 00:15:09:16

Abhishek Singh: That’s a good point, but you know

00:15:09:18 – 00:15:16:07

Abhishek Singh: what we all profiling of and all but the debate, because if you look at historically, commodities have been the most

00:15:16:24 – 00:15:22:09

Abhishek Singh: inflation resistant asset class that you can buy into and even trade finance commodities that

00:15:22:11 – 00:15:23:13

Abhishek Singh: have less than one percent

00:15:23:15 – 00:15:27:14

Abhishek Singh: deposit rate in the world. So this is such a safe place and left,

00:15:28:08 – 00:15:38:16

Abhishek Singh: in fact, the bull market. Well, you know, a lot of people have so much fear that they would want to protect during the bear market and get stable and based

00:15:38:18 – 00:15:41:29

Abhishek Singh: on the real world asset. So I think context would be a great

00:15:42:13 – 00:15:44:12

Abhishek Singh: solution for them for just a

00:15:45:02 – 00:15:47:22

Abhishek Singh: 10 percent global Sandra to assembly from real

00:15:47:24 – 00:15:51:09

World Bank assets. And then, of course, it

00:15:51:11 – 00:15:52:11

Abhishek Singh: gets more so from

00:15:52:21 – 00:15:53:25

the native token itself.

00:15:54:09 – 00:15:57:11

Abhishek Singh: So we really think, you know, All-Weather the fate

00:15:57:13 – 00:16:02:28

of BP during a bull run because because the company is under 1000 percent or whatever people

00:16:03:00 – 00:16:03:15

Abhishek Singh: are paying.

00:16:03:17 – 00:16:05:19

But the government could

00:16:06:07 – 00:16:06:22

Abhishek Singh: sell

00:16:06:24 – 00:16:07:16

those assets

00:16:07:29 – 00:16:08:29

Abhishek Singh: backed by real world

00:16:09:01 – 00:16:09:24

assets. And it’s

00:16:10:12 – 00:16:14:09

Abhishek Singh: so scalable that, you know, we don’t have to worry about how well we

00:16:14:11 – 00:16:15:21

incentivize after four years.

00:16:15:23 – 00:16:23:13

Abhishek Singh: So if you if you look at any token that you does it and the way it’s going to become, where you should be opposed to all of that

00:16:23:15 – 00:16:24:17

supply gets depleted.

00:16:25:05 – 00:16:27:24

Abhishek Singh: People struggle to continue giving those things away.

00:16:27:26 – 00:16:31:28

But this fund actually will not be that. And so, you know,

00:16:32:00 – 00:16:33:29

Abhishek Singh: it’s so it’s such a huge market,

00:16:34:01 – 00:16:35:09

you know, of course, we would

00:16:35:11 – 00:16:41:28

Richard Carthon: want many other players to step in as well, you know, but it’s scalability is not an issue.

00:16:42:03 – 00:16:44:21

Richard Carthon: And I think this is the best answer

00:16:44:23 – 00:16:45:24

Richard Carthon: for all 435.

00:16:46:19 – 00:17:04:18

Richard Carthon: Yeah. No, that’s awesome, man. And on that, you know, as we look at the world of defined just how much it’s evolved through the years, of course, last year was, you know, the DeFi summer and everything else, and we’re starting to see the market evolve even into more things between, you know, in a tease

00:17:04:20 – 00:17:05:24

Richard Carthon: and metaverse

00:17:05:26 – 00:17:08:07

Richard Carthon: and a bunch of other stuff. Why do you think it’s still

00:17:08:09 – 00:17:10:28

Richard Carthon: essential that people are the verse

00:17:11:00 – 00:17:12:14

Richard Carthon: fired into decentralized

00:17:12:16 – 00:17:13:28

Richard Carthon: finance and or are continue to

00:17:13:29 – 00:17:14:27

Richard Carthon: build in this space?

00:17:19:16 – 00:17:20:18

Richard Carthon: I mean, you know,

00:17:20:20 – 00:17:22:06

Richard Carthon: of course, if you

00:17:22:08 – 00:17:24:05

Richard Carthon: look at, you know, how things are evolving and

00:17:24:07 – 00:17:30:28

Richard Carthon: how the future might look like, but, you know, we don’t know about everything as just kind of being replicated.

00:17:32:08 – 00:17:34:25

Richard Carthon: But the matter was coming and you know,

00:17:35:07 – 00:17:37:07

Richard Carthon: my own opinion is that each

00:17:37:09 – 00:17:40:14

Richard Carthon: of these elements that are being created now, they will also

00:17:40:16 – 00:17:44:26

Richard Carthon: serve that purpose perpetually throughout when everything

00:17:44:28 – 00:17:46:20

Richard Carthon: happens digitally for, let’s

00:17:46:22 – 00:17:47:08

Richard Carthon: say, a

00:17:48:05 – 00:17:49:00

Richard Carthon: the boom boom

00:17:49:02 – 00:17:51:13

Richard Carthon: pondexter people. This approach digitally

00:17:52:04 – 00:17:52:27

Richard Carthon: on gone next

00:17:52:29 – 00:17:54:08

Richard Carthon: to a process of

00:17:55:03 – 00:18:00:25

Richard Carthon: EUR billion BTC will be the money for that ecosystem because then it will have no other role and that

00:18:00:27 – 00:18:01:29

Richard Carthon: of the default money.

00:18:02:16 – 00:18:05:13

Richard Carthon: So it’s it’s it’s really great, you know,

00:18:05:15 – 00:18:07:04

Richard Carthon: the new game coming up as well.

00:18:07:06 – 00:18:08:14

Richard Carthon: It’s very exciting where, you know,

00:18:08:16 – 00:18:09:24

Richard Carthon: people are this

00:18:09:27 – 00:18:12:15

Richard Carthon: database, so you know, on money by playing

00:18:12:17 – 00:18:13:15

Richard Carthon: games, which is

00:18:13:17 – 00:18:18:10

Richard Carthon: like everyone’s childhood dream, but it’s now really happening. So, you know, I’m really bullish on that.

00:18:18:15 – 00:18:22:07

Richard Carthon: And of course, you might see that cycle getting extended

00:18:23:06 – 00:18:25:15

Richard Carthon: away long because of this, because there’s so much more

00:18:25:17 – 00:18:29:00

Richard Carthon: innovation that’s been happening in so many different domains and there’s

00:18:29:17 – 00:18:32:25

Richard Carthon: so much space to grow previously. You know, it was very

00:18:32:27 – 00:18:34:13

Richard Carthon: few that you build on

00:18:34:15 – 00:18:36:00

Richard Carthon: the period that goes on

00:18:36:02 – 00:18:39:09

Richard Carthon: about 2017, I feel almost didn’t

00:18:39:11 – 00:18:40:10

Richard Carthon: deliver. But now,

00:18:40:13 – 00:18:42:29

Richard Carthon: you know, people are looking at, you

00:18:43:18 – 00:18:44:24

Richard Carthon: know, how things that all

00:18:45:06 – 00:18:46:09

Richard Carthon: of also from

00:18:46:11 – 00:18:48:03

Richard Carthon: a regulatory standpoint, you’re seeing.

00:18:50:27 – 00:18:53:08

Richard Carthon: Hello or so forth.

00:18:53:19 – 00:18:55:15

Richard Carthon: But, you know, the decision has to be

00:18:56:11 – 00:18:57:27

Richard Carthon: part of that is so important

00:18:57:29 – 00:19:05:01

Richard Carthon: for this. We are truly still involved, maybe, I think, before the cyclone. I think we should be seeing, you know, for four or

00:19:05:03 – 00:19:06:19

Richard Carthon: five trillion market cap for the whole.

00:19:08:05 – 00:19:49:22

Richard Carthon: You wouldn’t be upset at that, and I don’t think the rest of the market would, either. Is there a lot of excitement in the space and things are really building up, man like people are really starting to see the practicality of being able to take a lot of what’s being used in regular world to the blockchain and being able to optimize and provide a lot more just fluidity, as well as transparency and quickness to a lot of things that are kind of bottlenecked in a lot of ways that don’t have to be and is allowing more freedom and more opportunity for your everyday person as you kind of just look at the greater crypto ecosystem again.

00:19:49:24 – 00:20:00:09

Richard Carthon: Twenty four at the end of 2020 to right now, while we’ve been in a pretty bullish. Awesome, fun time. But we’ve also endured some bear markets. We know when it gets bad it can

00:20:00:11 – 00:20:01:10

Richard Carthon: be bad, but

00:20:01:28 – 00:20:11:14

Richard Carthon: as far as price, as far as that’s concerned. But as we look out, as you look out into the future, you know, what do you think is in store in the crypto space for the next two to three years? Like what do you think

00:20:11:16 – 00:20:12:28

Richard Carthon: will be a really big

00:20:13:00 – 00:20:15:10

Richard Carthon: indicator of what’s to come in this space?

00:20:17:03 – 00:20:20:02

Richard Carthon: I think one big indicator would

00:20:20:04 – 00:20:27:06

Richard Carthon: be if, you know, if an identity on blockchain comes about and the second one would be,

00:20:27:09 – 00:20:27:24

Richard Carthon: you know,

00:20:28:08 – 00:20:31:24

Richard Carthon: people from black blackfishing sectors for

00:20:32:09 – 00:20:33:27

Richard Carthon: since all these products are actually

00:20:33:29 – 00:20:34:14

Richard Carthon: global, right?

00:20:35:20 – 00:20:39:20

Richard Carthon: But the one woman was an innovator. But if it’s truly at the end

00:20:39:22 – 00:20:40:21

Richard Carthon: of the day, people’s

00:20:41:24 – 00:20:42:13

Richard Carthon: those with some

00:20:42:15 – 00:20:50:19

Richard Carthon: regulatory bodies, it will be an adoption. You know, in the next two years, and this is what we’re betting on also, because like you said, that it’s become

00:20:50:21 – 00:20:51:09

Richard Carthon: so seamless,

00:20:51:25 – 00:20:52:16

Richard Carthon: you know, removes all

00:20:52:18 – 00:20:58:20

Richard Carthon: the bottlenecks. But but that comes as a base because now still fewer people start getting about, you know,

00:20:58:22 – 00:21:01:28

Richard Carthon: regulations, etc. But if that if that

00:21:02:00 – 00:21:02:19

Richard Carthon: becomes very

00:21:02:21 – 00:21:05:24

Richard Carthon: is putting off of the whole concept in general,

00:21:06:00 – 00:21:07:04

Richard Carthon: that’s a lot of people are

00:21:07:06 – 00:21:08:12

Richard Carthon: now becoming a lot of

00:21:08:14 – 00:21:13:18

Richard Carthon: traditional money coming in. I think the next two or three years as more number of

00:21:13:27 – 00:21:18:06

Richard Carthon: traditional investors come in the space, I think are truly,

00:21:19:11 – 00:21:20:00

Richard Carthon: truly draw back.

00:21:20:27 – 00:21:41:03

Richard Carthon: Yeah, I agree. And regulation is just a matter of time, but like getting to a point where I like the kind of way that you phrased it, like a universal tax. So we’re like, it’s just all of that’s already been taken care of. Everyone understands, like if I do these transactions, this is where I need to put it. I can add this to any country that I’m in here. I’m putting this aside for taxation or whatever it is. And now everyone’s

00:21:41:05 – 00:21:42:21

Richard Carthon: happy. You can move faster

00:21:42:23 – 00:22:02:00

Richard Carthon: you a lot. Now there’s a lot of hesitation because there’s a lot of uncertainty and we don’t know how things are going to be regulated. But as soon as we are given the blueprint of like, these are the this is the fence that you’re allowed to play in, like things are going to explode, right? So and again, like you said, institutional players like true institutional money is waiting for.

00:22:02:07 – 00:22:02:22

Richard Carthon: I think

00:22:02:24 – 00:22:04:05

Richard Carthon: those guidelines and once that

00:22:04:07 – 00:22:05:13

Richard Carthon: comes, you’re going to just see the

00:22:05:15 – 00:22:14:25

Richard Carthon: floodgates open. And, you know, I think we’re either a couple of months, a couple of years away from that, which is still a very exciting like this was a much smaller

00:22:14:27 – 00:22:16:10

Richard Carthon: timeline than what it

00:22:16:12 – 00:22:16:27

Richard Carthon: used to be.

00:22:18:18 – 00:22:19:25

Richard Carthon: Absolutely no symptoms

00:22:20:21 – 00:22:21:06

Richard Carthon: can open

00:22:21:08 – 00:22:22:14

Richard Carthon: golden board and the flesh

00:22:22:16 – 00:22:24:24

Richard Carthon: on finance, bare bones, bound you know, in

00:22:24:26 – 00:22:25:27

Richard Carthon: the business world,

00:22:25:29 – 00:22:28:24

Richard Carthon: we see a lot of people who want to be, you

00:22:28:26 – 00:22:32:02

Richard Carthon: know, participating. But then kind of these be

00:22:32:04 – 00:22:33:03

Richard Carthon: photos they

00:22:33:11 – 00:22:35:14

Richard Carthon: stop them from, you know, the blowing up, the

00:22:35:19 – 00:22:38:21

Richard Carthon: people going, all they’re there. But then of this being, you

00:22:38:23 – 00:22:43:16

Richard Carthon: know, a lot of adoption, there are funds that are trying to extract stablecoin

00:22:43:28 – 00:22:45:07

Richard Carthon: for their subscription as well.

00:22:45:22 – 00:22:55:12

Richard Carthon: So when men feel things like this is going to become mainstream, it would be very simple for users to come on board and investment products.

00:22:55:14 – 00:22:58:02

Richard Carthon: The statement about because all the bottlenecks that you spoke about,

00:22:58:10 – 00:23:00:23

Richard Carthon: just imagine a normal retail investor

00:23:00:25 – 00:23:03:18

Richard Carthon: can not directly invest in commodities,

00:23:03:20 – 00:23:10:06

Richard Carthon: commodity finance, although it’s is basic best investing. But then you will find to have some mutual fund or some other subscription

00:23:10:08 – 00:23:13:26

Richard Carthon: that he does not know more where the exact money is being played

00:23:14:18 – 00:23:19:03

Richard Carthon: in on projects like ours. Then you’ll get that full transparency that you put them both $1

00:23:19:05 – 00:23:21:26

Richard Carthon: billion through all those people the time

00:23:22:18 – 00:23:23:05

Richard Carthon: know.

00:23:23:08 – 00:23:25:26

Richard Carthon: Finally, 95 Prieto got funded because I’ll bet on.

00:23:26:12 – 00:23:32:14

Richard Carthon: So this kind of power, you know, this kind of transparency actually has to be adopted.

00:23:32:19 – 00:23:33:10

Richard Carthon: People want it

00:23:33:12 – 00:23:34:08

Richard Carthon: as well because all the

00:23:34:10 – 00:23:35:23

Richard Carthon: institutions there’s, you know,

00:23:35:25 – 00:23:37:13

Richard Carthon: whenever any default happens, those

00:23:37:15 – 00:23:38:02

Richard Carthon: are the biggest

00:23:38:21 – 00:23:42:08

Richard Carthon: losers. Then some default happens. So they also want this

00:23:42:10 – 00:23:43:16

Richard Carthon: technology to be adopted.

00:23:43:25 – 00:23:46:22

Richard Carthon: And I suddenly think, you know, next year would be

00:23:46:24 – 00:23:48:10

Richard Carthon: huge for the whole

00:23:48:23 – 00:23:50:20

Richard Carthon: of the ecosystem. Definitely.

00:23:50:29 – 00:23:55:25

Richard Carthon: And I appreciate that that sentiment, man. And again, you’ve given us a lot to think about the

00:23:55:27 – 00:23:56:27

Richard Carthon: kind of as we wrap

00:23:56:29 – 00:24:05:04

Richard Carthon: up here, I always like to finish with two fun questions. The first being with the all the information that you have right now after being in the space and just learning all of the lessons that you’ve had to

00:24:05:06 – 00:24:06:09

Richard Carthon: learn if you can part

00:24:06:11 – 00:24:10:21

Richard Carthon: one or two pieces of wisdom to yourself when you first got involved in the space, what would you tell yourself?

00:24:14:18 – 00:24:15:26

Richard Carthon: I would say

00:24:16:15 – 00:24:17:04

Richard Carthon: maybe

00:24:18:05 – 00:24:20:05

Richard Carthon: not look good, Faith, just focus on building,

00:24:21:29 – 00:24:22:14

Richard Carthon: because

00:24:24:09 – 00:24:27:02

Richard Carthon: when we started, you know, when you started any

00:24:27:04 – 00:24:31:05

Richard Carthon: activity, you know, the first people come and think about profit,

00:24:31:15 – 00:24:39:20

Richard Carthon: oh, you know, how much? How much are you’re going to make at the end of the day? But if you knew something like this, you know, whatever has happened,

00:24:39:22 – 00:24:41:00

Richard Carthon: the status of something,

00:24:41:20 – 00:24:46:13

Richard Carthon: you know, because there was no shortage of money for anyone to make anything, you’ll build anything out of

00:24:46:15 – 00:24:48:02

Richard Carthon: them, but you know, you get compensated

00:24:48:04 – 00:24:50:09

Richard Carthon: for it. So people should. I think

00:24:50:20 – 00:24:52:21

Richard Carthon: it’ll focus on building instead of thinking

00:24:52:23 – 00:24:53:18

Richard Carthon: on how they would make

00:24:53:20 – 00:24:58:07

Richard Carthon: money out of it. But that is what I would say only to all the other builders

00:24:58:09 – 00:25:01:28

Richard Carthon: out there because there’s no shortage of blood around

00:25:02:00 – 00:25:03:16

Richard Carthon: in the world, of shortage of

00:25:04:01 – 00:25:05:08

Richard Carthon: people or building good stuff.

00:25:05:29 – 00:25:08:11

Richard Carthon: Yeah, no, that is a gym. As a

00:25:08:13 – 00:25:09:29

Richard Carthon: first on the show, everyone go

00:25:10:01 – 00:25:21:06

Richard Carthon: back and listen to that is important, especially to all the builders out there. So I really appreciate that that sentiment, man. But as we wrap up here, what is a final thought that you want to leave with all the listeners today?

00:25:23:09 – 00:25:25:24

Richard Carthon: Final Thoughts. You know, what would would be,

00:25:25:26 – 00:25:33:02

Richard Carthon: you know, about I always felt this this ecosystem is all about community, so, you know, always focused on

00:25:33:17 – 00:25:38:27

Richard Carthon: helping each other out and, you know, just helping. No matter if they are from your project and I just say

00:25:39:06 – 00:25:39:26

Richard Carthon: people shouldn’t

00:25:40:02 – 00:25:40:17

Richard Carthon: handle

00:25:41:16 – 00:25:43:10

Richard Carthon: of the community

00:25:43:12 – 00:25:44:07

Richard Carthon: as as the whole

00:25:44:09 – 00:25:45:23

Richard Carthon: wall at some point, and they

00:25:46:10 – 00:25:47:03

Richard Carthon: always have a piece of

00:25:47:05 – 00:25:47:21

Richard Carthon: how to

00:25:48:09 – 00:25:52:07

Richard Carthon: build better products together because I think together we will be able to see them

00:25:53:01 – 00:25:54:27

Richard Carthon: get to the vision that really people.

00:25:55:28 – 00:26:02:18

Richard Carthon: Absolutely. Absolute great final thought. What are ways that people can connect with you and learn more about Comdex?

00:26:04:09 – 00:26:09:25

Richard Carthon: And this would be an honor to go to our daily gun shop. And I have a good community that behind me already.

00:26:11:05 – 00:26:12:09

Richard Carthon: It’s the context

00:26:12:11 – 00:26:14:09

Richard Carthon: official, the nice emails.

00:26:14:11 – 00:26:17:19

Richard Carthon: They be released on Twitter. You know, they’re responsive to everyone.

00:26:18:16 – 00:26:20:03

Richard Carthon: It’s not a difficult one to insult.

00:26:21:00 – 00:26:49:15

Richard Carthon: Gotcha, Abhishek. I really do appreciate you spending some time with us today. And of course, for everyone listening, stay cryptocurrency. Hey, CryptoQuant, crew, we want to give a quick shout out to all of our faithful listeners out there. It’s been an amazing journey and we really appreciate your support throughout the years as we’ve been growing as a community. Each episode, we decided that we would start sharing some of the reviews that you were leaving for us for today. We would like to share this review. Today’s review comes from Jess Corson. I am an entrepreneur who is entering the crypto space.

00:26:49:19 – 00:26:50:15

Richard Carthon: This show has given me the

00:26:50:17 – 00:27:05:22

Richard Carthon: insight and ideas for a direction I should go in. It is also filled in the blanks in my mind to understanding cryptocurrency. I feel like I have joined a community listening to Richard and all the wonderful guests he has on the show. If you need a place to give you balance in checks with your thought process and respect the crypto.

00:27:05:24 – 00:27:07:22

Richard Carthon: This is the place I highly recommend.

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00:27:42:22 – 00:28:06:26

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00:28:07:03 – 00:28:07:21

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00:28:27:29 – 00:28:40:24

Richard Carthon: Thanks for tuning in to another episode of cryptocurrency with Richard Kraken’s. We’ll be back with more exciting developments from the world of blockchain and cryptocurrency next. But until then, stay crypto current.

00:28:50:11 – 00:28:52:23

Richard Carthon: Three U.S. citizens now.

00:28:57:15 – 00:29:32:06

Richard Carthon: Thank you for joining us for another episode of cryptocurrency. Just one quick reminder cryptocurrency is a cryptocurrency and blockchain education platform that’s bridging the gap between the curious newcomers who are just discovering the space and the thought leaders who are shaping its future. All opinions expressed by Richard Cawthorne, the cryptocurrency team, and their guests on this show are exclusively their own opinions. You should not treat any opinion expressed by Richard. The team and their guests as a specific inducement to make a particular investment or to follow his financial advice. This show and any other crypto current production is exclusively for informational purposes.