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

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Richard Carthon: Hello, everyone. Welcome to another episode of Crypto Current, your host here, Richard Carthon. And today I have two special guests working on an amazing project that I’m eager to learn more about with, especially with all the different things that they’re rolling out right now.

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Richard Carthon: They have a lot

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Richard Carthon: of different plays in

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Richard Carthon: space, and I’m excited for them

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Richard Carthon: to not only just teach me, but to teach

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Richard Carthon: everyone listening. So we have

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Douglas: a room and we also have Doug a.k.a. Hobbes Baker’s Ghost. How y’all doing today?

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Douglas: I’m doing great, I’m doing great.

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Douglas: Hello, everyone, and how are you, man?

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Richard Carthon: I’m excellent. Of course, we just went through Thanksgiving so well-fed, feeling thankful and we’re towards the end of a great crypto year,

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Richard Carthon: so I have a lot to be grateful for. But before we learn more

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Richard Carthon: about Glitch, I want to learn more about each

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Richard Carthon: of you. So how

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Richard Carthon: about you? Kick us off, give us a little bit of background on yourself?

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Aram Hami: Yeah, so I guess I can start here. So my name’s

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Aram Hami: Aram .

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Aram Hami: I’m the marketing manager at which

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Aram Hami: I’ve been working in

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Aram Hami: crypto for quite some time now. It’s been about four and a half years,

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Aram Hami: and I have over

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Aram Hami: five years of experience

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Aram Hami: in marketing. But basically,

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Aram Hami: I kick

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Aram Hami: started my career in

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Aram Hami: crypto in San Francisco, working for a variety of of of blockchain gaming projects and and smart contract security projects. Went over to work at

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Aram Hami: Cobo for a little bit,

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Aram Hami: and

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Aram Hami: F2Pool,

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Aram Hami: which is basically the big three

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Aram Hami: bitcoin mining company.

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Aram Hami: And now I work at Glitch as a marketing manager, so it’s been a wild ride, but it’s been a great ride

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Aram Hami: and

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Aram Hami: I’m looking forward to the continuation

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Aram Hami: of my

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Aram Hami: career here and kept working with Glatzel for a long time. Yeah, that’s awesome. Absolutely.

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Douglas: Richard, thank you for having me. I’m Doug. Also known to the community as Hobie Baker,

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Douglas: Ghost happened to be a

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Douglas: great community

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Douglas: advocate, which was

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Douglas: announced here recently. My journey in crypto started in 2016.

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Douglas: I’ve got over

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Douglas: 15 years of sales and marketing experience and the software as a service space, physical security

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Douglas: space. So a lot of

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Douglas: long term experience just in terms of being able to understand complex solutions and technology

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Douglas: and what

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Douglas: really drove me to being excited about which hopefully we’ll get into that a little

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Douglas: bit during our

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Douglas: conversation today. But just fabulous team, great

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Douglas: tokenomics and a

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Douglas: tremendous vision for what they’re building as a layer one blockchain.

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Douglas: Excellent. So that actually dives into the very first question about killing yourself. Good to know that’s a layer one protocol.

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Richard Carthon: Can one of you

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Richard Carthon: please tell me for someone that’s listening for the first

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Richard Carthon: time, what is

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Richard Carthon: glitch? So for everyone listening, you got a glitch dot finance to get more information on this. But what is it? Why was it created and why are people excited about it?

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Douglas: Yeah, so I can take just one

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Douglas: level, so this is yes, this is a layer one blockchain.

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Douglas: So while

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Douglas: all other layer one

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Douglas: blockchains try to be a jack of all trades, they like

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Douglas: to say glitch is

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Douglas: actually

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Douglas: a

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Douglas: very neat straight. It’s a singular focus on decentralized money market applications. So while there’s there’s a lot of blockchains out there that try to do everything we don’t where we specifically cater

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Douglas: to decentralized money market and trustless money market

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Douglas: applications, and it’s important

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Douglas: to to make

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Douglas: that differentiation

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Douglas: for glyphs.

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Douglas: We are at

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Douglas: three thousand veterans

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Douglas: transactions per

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Douglas: second and it’ll

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Douglas: increase as the network grows. And so there’s a positive feedback loop that goes

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Douglas: around that, whereas more

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Douglas: users and more developers and more deaths are launched and built on the chain,

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Douglas: the more

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Douglas: activity that the chain

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Douglas: receives, which means that

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Douglas: there’s a decrease in transaction costs, increasing revenues, increasing user adoption, increase in developers building on the chain. So there’s this positive feedback loop of

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Richard Carthon: continuous growth that the protocol

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Douglas: allows you

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Richard Carthon: to do through the

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Douglas: revenue sharing pool that we’re offering to. And so what this means is the which is basically going

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Richard Carthon: to be connecting

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Douglas: multiple decentralized applications that we’re becoming internally and that we’re going to be partnering with

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Richard Carthon: over the long term.

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Douglas: Everything will be connected to a singular revenue sharing

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Richard Carthon: board where basically

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Douglas: English

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Richard Carthon: holders can

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Douglas: stake their

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Richard Carthon: glitch. But the

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Douglas: vault basically is

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Richard Carthon: used to reduce

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Douglas: transaction

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Richard Carthon: costs and

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Douglas: then also

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Richard Carthon: provide rewards to those people

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Douglas: using

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Richard Carthon: staking glitch.

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Douglas: So it’s it’s a very unique

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Richard Carthon: approach to

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Richard Carthon: scaling a layer one blockchain while providing

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Richard Carthon: every participant on the chain with rewards, while other chains like Ethereum and so on. And Algorand. Basically, I like to say I personally take away from you

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Richard Carthon: and I’m not trying to attack any other chain. Basically, I’m just saying that other chains are very expensive to use and not user

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Richard Carthon: friendly while and we’re building

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Richard Carthon: the opposite of that where we’re focusing on security,

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Richard Carthon: user friendliness,

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Richard Carthon: scalability,

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Richard Carthon: and we want to make sure that every

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Richard Carthon: participant is

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Richard Carthon: rewarded

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Richard Carthon: on the day.

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Richard Carthon: That’s amazing and actually one of the first ones I was going to bring up

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Richard Carthon: just because I personally am a

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Richard Carthon: big e fan with my biggest concern and why I’m looking elsewhere. It’s just gas fees are insane.

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Richard Carthon: It is

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Richard Carthon: ungodly the amount of money I’ve had to spend this year to do

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Richard Carthon: basic transactions like the

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Richard Carthon: way I try to phase it to people right now is like if you went to a bank

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Richard Carthon: right now and you were just trying to

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Richard Carthon: literally do a fifty dollar transaction, but they say that’s going to cost you hundred and fifty, you would walk out. But people, unfortunately, are having to do that all the time, and it’s just it doesn’t make sense.

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Richard Carthon: And so it sounds like

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Richard Carthon: one of the things that glitches

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Richard Carthon: able to do with owning

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Richard Carthon: the token is being able to stake it. So therefore, you’re actually getting paid some of that quote unquote gas fee, which are actually lowering it as well.

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Richard Carthon: So it’s like you said that continuous feedback loop of positive

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Richard Carthon: reinforcement for being a participant in the space.

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Richard Carthon: Yeah, it’s cool. And I wanted to talk about a little bit about being a hoarder, too.

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Richard Carthon: So yes, as being a hoarder, you can use eventually you’ll be able

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Richard Carthon: to use your glitch.

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Richard Carthon: You’ll be able to

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Richard Carthon: stake it for a four percent return on your investment.

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Richard Carthon: But it’s very

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Richard Carthon: cool that the way that we’ve

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Richard Carthon: been able to align our chain

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Richard Carthon: basically through our guests. So we’re also building something called the GECS with the which is the coolest decentralized exchange, right? And and it’s important to understand how the

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Richard Carthon: geeks plays a role in

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Richard Carthon: the ecosystem.

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Richard Carthon: So other decentralized exchanges

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Richard Carthon: are kind of separate from their chain while their

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Richard Carthon: chain verifies

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Richard Carthon: transactions and their access basically makes the token swaps.

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Richard Carthon: All right. But the way

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Richard Carthon: it’s a glitch, we’re integrating the geeks

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Richard Carthon: with the chain. So what’s cool

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Richard Carthon: about the geeks is that all the revenues that are

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Richard Carthon: generated as well through the protocol are

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Richard Carthon: through all the decentralized applications, right?

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Richard Carthon: A lot or a lot of those

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Richard Carthon: revenues

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Richard Carthon: will be used to scale the network.

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Richard Carthon: Right? And then the other part of those revenues will be

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Richard Carthon: used

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Richard Carthon: by the

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Richard Carthon: guests to facilitate

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Richard Carthon: a glitch token

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Richard Carthon: buyback. Right.

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Richard Carthon: So this is how everyone gets rewarded. So because we have a hard not by eighty eight point eight million tokens, there’s not going to be any more minted or long term.

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Richard Carthon: All the tokens are currently available. Are it

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Richard Carthon: right to sell their 72 million tokens that are in

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Richard Carthon: circulation? So what the

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Richard Carthon: gangsters or the long

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Richard Carthon: term is that it buys the glitch on the open

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Richard Carthon: market and then it sends it to you guys staking

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Richard Carthon: or glitch?

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Richard Carthon: And so, so so this is a

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Richard Carthon: way that we’ve

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Richard Carthon: been able

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Richard Carthon: to utilize the

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Richard Carthon: extra skill in that without

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Richard Carthon: needing to mint

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Richard Carthon: additional tokens. And so this is like

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Richard Carthon: there is the system

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Richard Carthon: over the long

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Richard Carthon: term, the

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Richard Carthon: tokens will be recycled. So this is important to know as an

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Richard Carthon: investor or more or just being

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Richard Carthon: a passionate

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Richard Carthon: Glimcher to

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Richard Carthon: understand overall long term the value of the

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Richard Carthon: token where, yeah, you know,

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Richard Carthon: yeah, no, that makes sense.

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Richard Carthon: And you know, Doug, I was going to pass this to you is like,

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Richard Carthon: right now, I believe you’re in testnet and you’ve been building a really strong

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Richard Carthon: community that’s been growing

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Richard Carthon: very quickly. Walk us through like how that process has been and where you’re at with testnet and as you’re headed into into net.

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Richard Carthon: Yeah, great question.

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Richard Carthon: So testnet has been

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Richard Carthon: running since June

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Richard Carthon: 30th, so we’ve had about

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Richard Carthon: four months now

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Richard Carthon: where even individual

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Richard Carthon: users or participants from the community can go into the testnet, create

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Richard Carthon: their own testnet,

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Richard Carthon: glitch wallet,

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Richard Carthon: actually

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Richard Carthon: interact with it, grab some testnet glitch from the faucet,

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Richard Carthon: send it,

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Richard Carthon: perform transactions between different

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Richard Carthon: wallets and actually get a feel

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Richard Carthon: for how the not only

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Richard Carthon: UI looks

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Richard Carthon: and feels, but also what’s the user experience? How fast are those transactions taking place?

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Richard Carthon: One thing that I didn’t mention that’s really

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Richard Carthon: critical, I think and

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Richard Carthon: important to what they’re building is also

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Richard Carthon: transaction

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Richard Carthon: finality. So when you think

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Richard Carthon: about some of the challenges with other chains, specifically

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Richard Carthon: EOS, right, is

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Richard Carthon: the fact that you can get front runner on transactions based on somebody spending more money on gas to facilitate their transaction

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Richard Carthon: more quickly. We see that a

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Richard Carthon: lot with NFTs

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Richard Carthon: or even in the

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Richard Carthon: meme coin space where you have to really up your slippage to be prioritized

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Richard Carthon: on this

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Richard Carthon: case with finality is looking

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Richard Carthon: to be sub one second one to two

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Richard Carthon: seconds

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Richard Carthon: so that that

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Richard Carthon: transaction happens from time you click and really, you’re just at the mercy of your internet connection once you’ve made that transaction. So I think that’s another thing that’s really clear.

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Richard Carthon: And the

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Richard Carthon: testnet right now is just how fast those

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Richard Carthon: transactions take place and

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Richard Carthon: get mentioned as a block.

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Richard Carthon: And it’s another thing

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Richard Carthon: that has me really excited about the possibilities

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Richard Carthon: of being able to

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Richard Carthon: transact, especially when we’re talking about DeFi and trustless money markets.

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Richard Carthon: Absolutely. And on that subject, but something being able to transact that quick and having that finality, because just like you said, unfortunately, I’ve been robbed of some NFT and some other transactions because of that same thing on the Ethereum blockchain, where the finality

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Richard Carthon: of it, you know, unless you are

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Richard Carthon: spending way more than everyone else or even the meme coins, you have a ton of slippage.

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Richard Carthon: OK, someone

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Richard Carthon: like, let’s say you’re trying to buy 10000 of something that’s slippage is

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Richard Carthon: 10 percent. You just lost 10

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Richard Carthon: percent of that money, like just that quick and that it hurts my soul. But that’s the name of the game right now.

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Richard Carthon: So if you are hoping to

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Richard Carthon: solve those two things, I know that’s going to be appetizing to a lot of companies. And earlier, Aaron brought up the fact that you’re partnering with quite a few different people. You want to talk about some of those different things you have coming up with that.

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Richard Carthon: Hey, crypto coming through. This is Steve Miller, and I’m the host of CC Live Show that keeps you up to date with what’s poppin off in crypto land. 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 7:00 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: Well, I’ll jump on one partnership right out of the gate because Aaron was talking about the DAX, but the Orion Protocol Partnership is actually going to help facilitate giving liquidity to the crypto exchange right out of the gate. So that’s probably one of the more important partnerships just from the onset of the deployment of main net. So in order to have an exchange that you can actually have liquidity to facilitate those trades, yeah, there’s going to be some

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Richard Carthon: options and there might talk a little bit more

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Richard Carthon: about this in

00:12:42:24 – 00:12:44:01

Richard Carthon: terms of, you know, any

00:12:44:03 – 00:12:46:03

Richard Carthon: type of staking pools, liquidity pools, things

00:12:46:05 – 00:12:47:19

Richard Carthon: like that. But in order

00:12:47:21 – 00:12:49:05

Richard Carthon: to really scale and

00:12:49:07 – 00:12:50:20

Richard Carthon: meet the mission of

00:12:50:22 – 00:12:51:27

Richard Carthon: what that DEX is, going to be able to

00:12:51:29 – 00:12:53:18

Richard Carthon: provide the liquidity

00:12:53:21 – 00:12:58:03

Richard Carthon: boost plug in from Orion Protocol is going to be initiated to allow for

00:12:58:05 – 00:13:03:21

Richard Carthon: that. Market liquidity aggregation so that people

00:13:03:23 – 00:13:06:15

Richard Carthon: don’t have to facilitate high slippage, that they

00:13:06:17 – 00:13:09:06

Richard Carthon: can get the amount of their transaction

00:13:09:09 – 00:13:12:09

that they anticipate getting from the onset. So I think that’s a really

00:13:12:11 – 00:13:14:03

Richard Carthon: powerful thing that they’re going to be

00:13:14:05 – 00:13:15:17

Richard Carthon: bringing right out of the gates.

00:13:44:03 – 00:13:56:26

Richard Carthon: So as you are getting closer to your main launch and you have quite a few other things in line, which I believe is a play in the nifty space with bleeps, can you kind of speak to that a little bit?

00:13:57:22 – 00:14:04:14

Richard Carthon: Yeah, absolutely so. So we’ve actually done a partnership with crypto, which is a new entity

00:14:04:16 – 00:14:05:01

Richard Carthon: project,

00:14:05:29 – 00:14:15:17

Douglas: and we’ve done a first energy job with them. Earlier this month, it was a big success. It was a lot of fun. The the highest Kleeb was purchased for three point one

00:14:15:19 – 00:14:19:21

Richard Carthon: is way more than I thought anyone would buy a plea

00:14:19:24 – 00:14:23:06

Richard Carthon: for. It’s funny because Son sold for the lowest CEO.

00:14:23:08 – 00:14:24:02

Richard Carthon: It’s hilarious,

00:14:25:21 – 00:14:26:06

Richard Carthon: but

00:14:26:08 – 00:14:28:14

Richard Carthon: basically there is going to be some

00:14:28:16 – 00:14:51:11

Richard Carthon: exciting news between glyphs and crypto creams. But basically, at some point in December, we’re thinking mid-December. But it’s an exciting opportunity where anyone holding a glitch specifically or a crypto plea will be able to enter a glitch. Kleeb Clubhouse

00:14:51:21 – 00:14:53:00

Richard Carthon: in the sandbox

00:14:53:02 – 00:14:53:29

Richard Carthon: game metaverse

00:14:54:06 – 00:14:54:24

Richard Carthon: where

00:14:55:03 – 00:14:56:20

Richard Carthon: and it’s really cool

00:14:56:26 – 00:14:59:07

Richard Carthon: where where you’ll be able to complete

00:14:59:09 – 00:15:07:25

Douglas: in-game tasks, those quests and earn rewards and free entities by completing those in-game tasks. And there’s going to be a lot more information

00:15:08:02 – 00:15:08:21

Richard Carthon: to come

00:15:08:23 – 00:15:10:02

Douglas: with the official announcement.

00:15:10:07 – 00:15:11:23

Richard Carthon: We’ll do another crypto

00:15:11:25 – 00:15:13:01

Douglas: believes NFT drop

00:15:14:00 – 00:15:15:29

Richard Carthon: on on on that

00:15:16:01 – 00:15:19:12

Douglas: part as well. So it’ll be a lot of fun going into

00:15:19:19 – 00:15:20:24

Richard Carthon: December with all these

00:15:22:02 – 00:15:23:15

Douglas: deliverables that are upcoming.

00:15:23:20 – 00:15:34:23

Richard Carthon: Yeah, no doubt that’s exciting. I know I’m going to try to go check that out just because it just sounds like a really unique opportunity, especially with everything that’s going on in the Metaverse with sandbox and everything else. That sounds super cool.

00:15:35:09 – 00:15:37:26

Richard Carthon: I just don’t know any other layer one blockchain.

00:15:38:05 – 00:15:41:05

Richard Carthon: I don’t know anyone like like any other layer ones that are

00:15:41:07 – 00:15:45:14

Richard Carthon: doing this on. I mean, unless you do. But but I don’t

00:15:46:04 – 00:15:51:07

Richard Carthon: I don’t know. I mean, it’s a really interesting concept because usually you have to get to your layer, too before you

00:15:51:09 – 00:15:52:26

Richard Carthon: can really start to get into these

00:15:52:28 – 00:15:58:16

Richard Carthon: types of opportunities. So this is the first of I’ve heard of this at this point. So that is a unique

00:16:00:13 – 00:16:01:29

Richard Carthon: differentiator that glitch

00:16:02:01 – 00:16:09:15

Richard Carthon: has right now. And on that, you know, one of the larger plays in the space right now has been defined understanding how that’s going

00:16:09:17 – 00:16:10:27

Richard Carthon: to integrate into things

00:16:10:29 – 00:16:18:15

Richard Carthon: like the Metaverse and it’s et cetera. What are some of the things that glitch has in mind to try to address the next phase as we grow

00:16:18:17 – 00:16:20:04

Richard Carthon: into what DeFi

00:16:20:06 – 00:16:21:09

Richard Carthon: will look like in the future?

00:16:22:20 – 00:16:24:23

Douglas: Well, the thing about our chain is

00:16:24:25 – 00:16:26:08

Richard Carthon: that you’re right, and

00:16:26:22 – 00:16:28:12

Douglas: there’s a comment that you said earlier

00:16:28:14 – 00:16:29:09

Richard Carthon: where where

00:16:29:16 – 00:16:32:19

Douglas: there’s a lot of layer ones that need layer two solutions in order to

00:16:33:16 – 00:16:34:07

Richard Carthon: facilitate

00:16:34:09 – 00:16:35:07

Douglas: these types of things in the

00:16:35:09 – 00:16:37:26

Richard Carthon: future. But for English, there’s a lot

00:16:38:11 – 00:16:38:26

Douglas: that

00:16:38:28 – 00:16:39:27

Richard Carthon: go through our

00:16:39:29 – 00:16:41:01

Richard Carthon: unique revenue sharing

00:16:41:03 – 00:16:42:10

Richard Carthon: for and through our

00:16:42:12 – 00:16:47:22

Richard Carthon: unique scaling solutions that we’re able to do directly on the layer one blockchain.

00:16:48:00 – 00:16:48:15

Richard Carthon: We don’t

00:16:48:17 – 00:16:53:18

Richard Carthon: need layer two solutions in order to do these types of activities in the future on

00:16:53:20 – 00:16:55:12

Richard Carthon: the chain. So, so

00:16:55:14 – 00:16:56:29

Richard Carthon: this is one that is done

00:16:57:01 – 00:16:57:24

Richard Carthon: through Ethereum.

00:16:58:07 – 00:17:05:22

Richard Carthon: It’s it’s it’s not a specific chain just because we don’t have a at launch out yet. But when we do have

00:17:05:24 – 00:17:07:18

Richard Carthon: main lines, then

00:17:07:20 – 00:17:12:10

Richard Carthon: these a drops on the actual NFT marketplace and the Glyph platform

00:17:12:27 – 00:17:13:12

Richard Carthon: will be

00:17:13:14 – 00:17:16:22

Richard Carthon: a lot smoother. It’ll be a lot cheaper than doing it on OpenSea

00:17:16:24 – 00:17:18:16

Richard Carthon: or any other, you know

00:17:18:29 – 00:17:20:27

Richard Carthon: those things. So in the future,

00:17:21:15 – 00:17:23:04

Richard Carthon: there will be a lot of more

00:17:23:10 – 00:17:26:21

Richard Carthon: NFT related things that will be able to do for

00:17:26:23 – 00:17:27:08

Richard Carthon: our

00:17:28:16 – 00:17:29:06

Richard Carthon: users

00:17:29:14 – 00:17:32:07

Richard Carthon: at some point. But for right now, all the

00:17:32:18 – 00:17:34:15

Richard Carthon: stuff that’s being done is just for fun on the

00:17:34:17 – 00:17:37:18

Richard Carthon: there and for a lot of additional perks

00:17:37:20 – 00:17:39:19

Richard Carthon: and stuff as we gear up for lunch.

00:17:40:22 – 00:17:44:25

Richard Carthon: Awesome. And, Doug, so for people that are listening to this right now, they’re like, Oh my God, it’s just

00:17:45:00 – 00:17:46:11

Richard Carthon: this layer one protocol

00:17:46:13 – 00:17:48:25

Richard Carthon: glitch sounds awesome. I wanna learn more about it. I want to be ready.

00:17:48:27 – 00:17:50:13

Richard Carthon: Once this main net launches,

00:17:50:21 – 00:17:57:29

Richard Carthon: it can can start earning some of the staking rewards you have. What are some ways that people can either connect or become more involved with the arts community?

00:17:58:23 – 00:17:59:17

Richard Carthon: Yeah, great question.

00:17:59:19 – 00:18:01:04

Richard Carthon: So the first thing to do

00:18:01:06 – 00:18:03:03

Richard Carthon: is follow at Glitch Protocol on

00:18:03:05 – 00:18:06:03

Richard Carthon: Twitter. It’s got a great a

00:18:06:05 – 00:18:08:11

Richard Carthon: lot of new content coming out from Adam and the team.

00:18:08:19 – 00:18:09:06

Richard Carthon: That’s where we get a

00:18:09:08 – 00:18:14:04

Richard Carthon: lot of updates in terms of announcements and things like that. And with so many announcements geared up for the

00:18:14:06 – 00:18:15:22

Richard Carthon: end of this year, probably good

00:18:15:24 – 00:18:16:09

Richard Carthon: to be

00:18:16:11 – 00:18:17:21

Richard Carthon: following them. You can also come to

00:18:17:23 – 00:18:18:20

Richard Carthon: the Glitch Telegram

00:18:18:22 – 00:18:21:00

Richard Carthon: as well. There’s a link to that at the

00:18:21:08 – 00:18:21:23

Richard Carthon: Glitch

00:18:21:25 – 00:18:23:08

Richard Carthon: Protocol site on

00:18:23:10 – 00:18:24:21

Richard Carthon: Twitter, so you can get into the

00:18:24:23 – 00:18:26:07

Richard Carthon: telegram. We have both

00:18:26:12 – 00:18:27:12

Richard Carthon: a main

00:18:27:21 – 00:18:28:21

Richard Carthon: chat as well

00:18:28:23 – 00:18:34:02

Richard Carthon: as a trading channel channel that’s community run as well, so those are probably the best places to

00:18:34:04 – 00:18:36:10

Richard Carthon: start. And then the other area,

00:18:36:19 – 00:18:37:22

Richard Carthon: as you get a little bit deeper

00:18:37:24 – 00:18:38:29

Richard Carthon: into it, I

00:18:39:01 – 00:18:40:29

Richard Carthon: happen to run what we as a

00:18:41:01 – 00:18:47:03

Richard Carthon: community run glitch talk channel on YouTube. You can search glitch talk, you’ll see

00:18:47:05 – 00:18:47:20

Richard Carthon: me on

00:18:47:22 – 00:18:50:17

Richard Carthon: there. But my goal in that and

00:18:50:19 – 00:19:00:23

Richard Carthon: then this goes back to kind of why I was so excited about glitch in the first place as it goes through, not just what Glitch is building in some very specific deep dives on the technology,

00:19:01:05 – 00:19:01:20

Richard Carthon: but also

00:19:01:22 – 00:19:04:09

Richard Carthon: goes into every single one of the partnerships that they’ve engaged

00:19:04:11 – 00:19:05:07

Richard Carthon: with has

00:19:05:15 – 00:19:09:29

Richard Carthon: meaning has additional utility for the glitch token itself,

00:19:10:13 – 00:19:11:04

Richard Carthon: which is something

00:19:11:06 – 00:19:19:19

Richard Carthon: that a lot of projects fail to do. They want big names and they you want to just wait. It’s like, Hey, we partnered with X Y Z company that’s in the top 50.

00:19:20:03 – 00:19:21:11

Richard Carthon: Well, if there’s not bringing

00:19:21:13 – 00:19:22:26

Richard Carthon: utility or meaningfulness

00:19:22:28 – 00:19:24:08

Richard Carthon: to people to continue

00:19:24:10 – 00:19:25:03

Richard Carthon: to participate

00:19:25:09 – 00:19:27:09

Richard Carthon: in the ecosystem outside of

00:19:27:11 – 00:19:28:27

Richard Carthon: just token price action,

00:19:29:11 – 00:19:32:02

Richard Carthon: well, suddenly your project isn’t as valuable

00:19:32:04 – 00:19:32:19

Richard Carthon: as it can

00:19:32:21 – 00:19:33:29

Richard Carthon: be. So that’s an area that

00:19:34:01 – 00:19:39:00

Richard Carthon: I dive into quite a bit in glitch talk in terms of each one of those partnerships. And how does it benefit?

00:19:39:10 – 00:19:40:02

Richard Carthon: Which token

00:19:40:04 – 00:19:41:04

Richard Carthon: holders specifically,

00:19:41:12 – 00:19:41:27

Richard Carthon: you’d be

00:19:41:29 – 00:19:43:10

Richard Carthon: surprised how

00:19:43:18 – 00:19:45:22

Richard Carthon: much thought and intentional this

00:19:45:29 – 00:19:48:14

Richard Carthon: has gone into that from the Glitch Project team.

00:19:49:05 – 00:20:05:04

Richard Carthon: It’s important, man, and that’s a valuable piece of insight that people are trying to learn more about. Like you said, there’s a lot of projects that are starting to come out right now to anyone in what’s been a big year. I’m sure it’s going to be even more into the future. But the biggest challenge that a lot of these companies face is not building a

00:20:05:06 – 00:20:06:25

Richard Carthon: solid community where people care.

00:20:06:27 – 00:20:13:11

Richard Carthon: They’re passionate. They want to see the things thrive and they’re here for the long run, right? Everyone tries to get the quick crypto bug, but

00:20:13:13 – 00:20:14:17

Richard Carthon: ultimately trying to

00:20:14:19 – 00:20:21:04

Richard Carthon: build and like, build something for the future that’s going to last and is going to solve a lot of the current

00:20:21:06 – 00:20:22:25

Richard Carthon: challenges that are being faced.

00:20:23:01 – 00:20:23:29

Richard Carthon: And that takes

00:20:24:01 – 00:20:24:27

Richard Carthon: time to build.

00:20:25:01 – 00:20:32:04

Richard Carthon: So I’m I mean, I personally went to go check some of that out because again, there’s always tips and tricks that you can learn to help grow your community.

00:20:32:06 – 00:20:33:06

Richard Carthon: And it’s really important,

00:20:33:12 – 00:20:35:24

Richard Carthon: again, to find different ways

00:20:35:26 – 00:20:36:29

Richard Carthon: to get people to

00:20:37:01 – 00:20:44:22

Richard Carthon: interact with one another and help solve challenges because you could even present a challenge to your own community. They could come up with a creative solution you hadn’t thought about yet. Now you’re moving even faster.

00:20:44:28 – 00:20:45:13

Richard Carthon: Is that,

00:20:45:18 – 00:20:47:00

Richard Carthon: like you said, positive feedback loop

00:20:47:08 – 00:20:49:14

Richard Carthon: that is so essential and crucial

00:20:50:00 – 00:20:52:15

Richard Carthon: to making your company as successful as possible.

00:20:53:15 – 00:20:55:00

Richard Carthon: One final question I kind

00:20:55:02 – 00:21:05:14

Richard Carthon: of want to bring up around glitch is you have a lot already in the pipeline. You have a lot of great things you’ve already announced that you have announced, and I’m sure you have some amazing things planned for in the future.

00:21:05:16 – 00:21:06:23

Richard Carthon: So as we look at

00:21:06:25 – 00:21:09:00

Richard Carthon: 2022 and all the other things that are kind of on the

00:21:09:02 – 00:21:10:05

Richard Carthon: roadmap, do you have anything

00:21:10:07 – 00:21:13:10

Richard Carthon: else that’s coming up on the roadmap that you think people should be excited about?

00:21:16:05 – 00:21:20:06

Richard Carthon: Yeah, definitely. So we have a lot of things in the pipeline.

00:21:20:09 – 00:21:21:27

Richard Carthon: I mean, the the

00:21:21:29 – 00:21:29:18

Richard Carthon: the core focus right now is getting the gets finalized, fully developed with no vulnerabilities, right? Getting the revenue share

00:21:29:20 – 00:21:31:06

Richard Carthon: vault finalized

00:21:31:08 – 00:21:40:12

Richard Carthon: completely with no vulnerabilities. And these are things that we’re working towards right now with keratosis and our internal Q8. And it’s important to highlight

00:21:40:14 – 00:21:44:07

Richard Carthon: the fact that we’re taking our time to ensure

00:21:44:09 – 00:21:51:05

Richard Carthon: that the revenue sharing bill and the gets is is 100 percent both in our ability because we value security,

00:21:51:15 – 00:21:52:00

Richard Carthon: right?

00:21:52:02 – 00:21:57:21

Richard Carthon: So, so so that’s the thing that we are prioritizing right now. But looking into the future

00:21:58:02 – 00:21:58:20

Richard Carthon: eventually,

00:21:58:22 – 00:22:02:09

Richard Carthon: once we have the gets launched, once we have the revenue sharing license

00:22:02:11 – 00:22:02:27

Richard Carthon: we have

00:22:03:15 – 00:22:07:08

Richard Carthon: been fully deployed in. All the iterations are complete.

00:22:07:14 – 00:22:08:03

Richard Carthon: That’s when we’re

00:22:08:05 – 00:22:11:03

Richard Carthon: going to start thinking about adding, you know, like an

00:22:11:05 – 00:22:12:15

Richard Carthon: automatic token

00:22:13:09 – 00:22:13:28

Richard Carthon: builder

00:22:14:00 – 00:22:15:10

Richard Carthon: or launcher

00:22:15:12 – 00:22:16:00

Richard Carthon: or or

00:22:16:07 – 00:22:17:05

Richard Carthon: or or

00:22:17:18 – 00:22:31:25

Richard Carthon: the continuation of the NFT marketplace or the lending protocol that we’re trying to create for the stablecoin. We’re creating an entire ecosystem. We’re more than just a layer one blockchain. There’s a lot of products out there that are just developing the chain.

00:22:32:08 – 00:22:32:25

Richard Carthon: And then

00:22:32:27 – 00:22:33:13

Richard Carthon: all of a sudden

00:22:33:22 – 00:22:34:11

Richard Carthon: there goes

00:22:34:13 – 00:22:35:13

Richard Carthon: chain because they don’t have anything

00:22:36:25 – 00:22:37:10

Richard Carthon: built on

00:22:37:12 – 00:22:52:12

Richard Carthon: top of it. So, so we’re fixing that. We’re creating a lot more than just layer one blockchain. We’re creating an entire DeFi ecosystem alongside our layer one blockchain so that revenues are generated and kickstarted

00:22:52:26 – 00:22:54:10

Richard Carthon: right from the launch

00:22:54:12 – 00:22:58:02

Richard Carthon: or not from launch. But but

00:22:59:13 – 00:23:02:27

Richard Carthon: right, when there’s going to be, you know, a good amount of of of

00:23:03:03 – 00:23:05:00

Richard Carthon: of revenues on the chain, that’s what we want

00:23:05:02 – 00:23:07:22

Richard Carthon: to focus on and prioritize is

00:23:07:24 – 00:23:09:19

Richard Carthon: the amount of revenues generated on the

00:23:09:21 – 00:23:10:29

Richard Carthon: chain because once those

00:23:11:01 – 00:23:21:06

Richard Carthon: revenues on the chain, that’s how you get rewarded and growth rate, that’s how you get higher utilized by stating your goals. That’s how you get users and developers actually using your team.

00:23:21:12 – 00:23:23:19

Richard Carthon: That’s how the fees go down to

00:23:23:21 – 00:23:28:06

Richard Carthon: close to zero when you actually start having revenues generated rather

00:23:28:08 – 00:23:29:21

Richard Carthon: than just, you know, a

00:23:29:23 – 00:23:36:18

Richard Carthon: bunch of thoughts or or words on a screen of putting it together

00:23:36:20 – 00:23:37:27

Richard Carthon: and and

00:23:37:29 – 00:23:39:05

Richard Carthon: allowing the ecosystem to

00:23:39:07 – 00:23:42:12

Richard Carthon: thrive through the revenue sharing is what we are

00:23:42:14 – 00:23:43:23

Richard Carthon: focused on over the long

00:23:43:25 – 00:23:46:26

Richard Carthon: term. And that’s kind of how we expect our

00:23:47:05 – 00:23:49:12

Richard Carthon: ecosystem to scale. That’s how we expect our

00:23:49:14 – 00:23:51:00

Richard Carthon: users to get rewarded,

00:23:51:23 – 00:23:52:22

Richard Carthon: et cetera, et cetera.

00:23:52:24 – 00:23:55:01

Richard Carthon: And so even

00:23:55:03 – 00:23:56:09

Richard Carthon: further behind, you know?

00:23:57:09 – 00:24:00:15

Richard Carthon: Even further beyond that, we’re also

00:24:01:28 – 00:24:06:01

Richard Carthon: wanting to decentralize basically English

00:24:06:10 – 00:24:07:03

Richard Carthon: through a door,

00:24:07:08 – 00:24:07:29

Richard Carthon: so that’s not

00:24:08:01 – 00:24:09:12

Richard Carthon: until very, very

00:24:09:14 – 00:24:10:10

Richard Carthon: long in the future,

00:24:10:18 – 00:24:12:05

Richard Carthon: obviously, but

00:24:12:07 – 00:24:15:27

Richard Carthon: it is coming at some point, you know, and and the core

00:24:15:29 – 00:24:18:01

Richard Carthon: ethos is around, which

00:24:18:03 – 00:24:22:06

Richard Carthon: is community and the focus on putting the community first.

00:24:23:19 – 00:24:25:12

Richard Carthon: And Richard, I’d like to just add one more thing

00:24:25:14 – 00:24:26:26

Richard Carthon: to that, so Aaron mentioned

00:24:26:28 – 00:24:29:06

Richard Carthon: courtesies, and I don’t know how familiar are with

00:24:29:08 – 00:24:30:06

Richard Carthon: them or your

00:24:30:08 – 00:24:30:27

Richard Carthon: user base,

00:24:31:18 – 00:24:32:03

Richard Carthon: but a

00:24:32:05 – 00:24:39:03

Richard Carthon: little background on keratosis technologies. They’re actually an avalanche grant recipient, and they’ve developed an end to end testing and orchestration solution

00:24:39:11 – 00:24:41:05

Richard Carthon: for complex blockchain

00:24:41:07 – 00:24:41:24

Richard Carthon: environments.

00:24:42:10 – 00:24:42:25

Richard Carthon: And their

00:24:42:27 – 00:24:45:12

Richard Carthon: mission and why Glitch has engaged with them

00:24:45:22 – 00:24:47:04

Richard Carthon: is to understand and

00:24:47:06 – 00:24:50:04

Richard Carthon: identify any vulnerabilities or events

00:24:50:13 – 00:24:54:03

Richard Carthon: that could occur that could impact the usability or

00:24:54:05 – 00:24:57:12

Richard Carthon: provide, you know, potential risks to the blockchain before it goes

00:24:57:14 – 00:24:57:29

Richard Carthon: live.

00:24:58:10 – 00:25:06:09

Richard Carthon: Now, Courtesies has only partnered with Ava Labs, an avalanche, Chainlink, Solana and recently near protocol.

00:25:06:20 – 00:25:08:18

Richard Carthon: Those are four tremendously

00:25:08:20 – 00:25:09:05

Richard Carthon: high market

00:25:09:07 – 00:25:10:17

Richard Carthon: cap, well known

00:25:10:25 – 00:25:14:29

Richard Carthon: secure types of chains that have leveraged this solution

00:25:15:09 – 00:25:16:03

Richard Carthon: to be able to perform

00:25:16:05 – 00:25:22:13

Richard Carthon: this testing and orchestration glitches doing it before they launch Maine, which is unique because that is different

00:25:22:15 – 00:25:24:01

Richard Carthon: than how the others have been using

00:25:24:03 – 00:25:24:18

Richard Carthon: them. They’ve been

00:25:24:20 – 00:25:28:06

Richard Carthon: using it postmen that to find challenges or

00:25:29:00 – 00:25:33:27

Richard Carthon: provide new iterations of their main that where we’re at today with glitch

00:25:34:05 – 00:25:38:04

Richard Carthon: as they’re doing this all pre made map launch so that you

00:25:38:06 – 00:25:39:00

Richard Carthon: as a user

00:25:39:02 – 00:25:40:11

Richard Carthon: know that one,

00:25:40:13 – 00:25:43:21

Richard Carthon: they can meet the stealing and speeds that they

00:25:43:29 – 00:25:45:09

Richard Carthon: put out there. But more

00:25:45:11 – 00:25:49:03

Richard Carthon: importantly, you can know that your funds are safe, that your transactions are secure, and that you can

00:25:49:05 – 00:25:50:14

Richard Carthon: move your glitch

00:25:50:16 – 00:25:53:23

Richard Carthon: tokens to the GRC 20 standard with the Glitch Wallet,

00:25:54:00 – 00:25:54:19

Richard Carthon: when may not

00:25:54:21 – 00:25:55:06

Richard Carthon: arrive so

00:25:55:08 – 00:25:56:15

Richard Carthon: that you can stick with peace of

00:25:56:17 – 00:26:01:17

Richard Carthon: mind. So those are things that make me incredibly excited. One of the things that they announced back in June

00:26:01:19 – 00:26:03:16

Richard Carthon: that I don’t think really set the

00:26:03:18 – 00:26:05:08

Richard Carthon: stage for what was coming

00:26:05:10 – 00:26:06:15

Richard Carthon: here as may not

00:26:06:17 – 00:26:07:02

Richard Carthon: continue to

00:26:07:04 – 00:26:08:12

Richard Carthon: get developed

00:26:08:18 – 00:26:09:19

Richard Carthon: and prepared for launch.

00:26:09:21 – 00:26:10:18

Richard Carthon: So I don’t know

00:26:10:20 – 00:26:15:29

Richard Carthon: if you’ve had that experience, but I wanted to go in depth there because I think keratosis is just such a tremendously strategic

00:26:16:01 – 00:26:17:18

Richard Carthon: partnership that not

00:26:17:20 – 00:26:19:16

Richard Carthon: many projects have leverage, and I think it

00:26:19:18 – 00:26:21:04

Richard Carthon: sets glitch apart from

00:26:21:06 – 00:26:23:27

Richard Carthon: anyone else building right now. Layer one blockchain

00:26:24:13 – 00:26:39:17

Richard Carthon: Oh, absolutely no. Thank you for bringing up ConsenSys and breaking that down. That was knowledgeable for me and I’m sure for all of our audience as well. Just like you said, those are some big power hitters in there and the fact that targeting them before me that, like you said, should speak volumes of what they think of you because it’s clear that they’re only

00:26:39:19 – 00:26:42:02

Richard Carthon: working with top tier projects. So that’s really

00:26:42:04 – 00:26:47:27

Richard Carthon: exciting. Congratulations on that. And I know that’s only going to help continue to give peace of mind to both your

00:26:49:00 – 00:26:50:15

Richard Carthon: community and people who who

00:26:50:17 – 00:26:51:02

Richard Carthon: come in

00:26:51:04 – 00:26:52:16

Richard Carthon: and work with you, but then also

00:26:52:18 – 00:26:54:02

Richard Carthon: for your own team and for scalability.

00:26:54:04 – 00:26:55:00

Richard Carthon: Like the three

00:26:55:02 – 00:26:56:13

Richard Carthon: things that I think people are always going to

00:26:56:15 – 00:26:57:27

Richard Carthon: be really reliant on

00:26:57:29 – 00:27:07:19

Richard Carthon: is security, scalability and the upward mobility of access to the value that’s coming from the tokens. And it sounds like y’all are having all three of those

00:27:07:21 – 00:27:09:09

Richard Carthon: in front and center front of mind.

00:27:09:18 – 00:27:11:12

Richard Carthon: They are addressing all of them.

00:27:11:14 – 00:27:12:28

Richard Carthon: So that’s super exciting. I know

00:27:13:02 – 00:27:16:25

Richard Carthon: I myself in a lot more interested in continue to figure out and

00:27:16:27 – 00:27:18:00

Richard Carthon: see how Glitch

00:27:18:02 – 00:27:31:10

Richard Carthon: performs in the future because it just it makes a lot of sense. And again. The pain points of gas right now is so large that people are open to looking at other solutions, so this is one that truly

00:27:31:12 – 00:27:34:21

Richard Carthon: can help solve that. I’m all ears, so again, I’m really

00:27:34:23 – 00:27:37:27

Richard Carthon: excited to learn more about that. I want to finish with two fun questions for both of you, all

00:27:38:23 – 00:27:39:23

Richard Carthon: with all the information that

00:27:39:25 – 00:27:45:20

Richard Carthon: you have right now when you first got started in the crypto community, right? And you could go back and impart it to yourself when you first got started.

00:27:45:24 – 00:27:46:19

Richard Carthon: What are one to two

00:27:46:21 – 00:27:48:15

Richard Carthon: pieces of information you would yourself?

00:27:52:13 – 00:27:55:04

Richard Carthon: Who wants to go first? I’m sorry.

00:27:55:17 – 00:27:58:14

Richard Carthon: I’m happy to go first because it comes to mind right away and

00:27:58:16 – 00:28:02:00

Richard Carthon: really one of the reasons I started glitch talk is how do you

00:28:02:02 – 00:28:02:17

Richard Carthon: actually

00:28:02:19 – 00:28:04:03

Richard Carthon: research projects? How do you

00:28:04:05 – 00:28:05:01

Richard Carthon: find those hidden

00:28:05:03 – 00:28:06:09

Richard Carthon: gems before

00:28:06:11 – 00:28:07:02

Richard Carthon: anybody else

00:28:07:04 – 00:28:09:17

Richard Carthon: has? And have the confidence in

00:28:09:19 – 00:28:13:02

Richard Carthon: your ability to not only research but make a determination that this is

00:28:13:04 – 00:28:16:00

Richard Carthon: a solid long term hold? So if

00:28:16:02 – 00:28:18:15

Richard Carthon: I could go back five years and understand that a little bit

00:28:18:17 – 00:28:20:02

Richard Carthon: better and be able to read

00:28:20:04 – 00:28:21:25

Richard Carthon: through just what sounded good on paper

00:28:21:27 – 00:28:23:05

Richard Carthon: versus what was really

00:28:23:07 – 00:28:25:06

Richard Carthon: building an ecosystem I could buy into

00:28:25:14 – 00:28:25:29

Richard Carthon: and see

00:28:26:01 – 00:28:32:08

Richard Carthon: long term opportunity? That’s that’s what I found in being able to research strong through all these projects and

00:28:32:10 – 00:28:34:05

Richard Carthon: identify who did. I think I

00:28:34:07 – 00:28:35:08

Richard Carthon: could align myself

00:28:35:10 – 00:28:36:19

Richard Carthon: with and not only

00:28:36:21 – 00:28:37:10

Richard Carthon: see success,

00:28:37:12 – 00:28:39:26

Richard Carthon: but then be a true participant in the ecosystem

00:28:39:28 – 00:28:45:21

Richard Carthon: long term. So that goes into, you know, you kind of see the thought process through good talk and kind of building

00:28:45:23 – 00:28:47:00

Richard Carthon: out, you know, the way

00:28:47:02 – 00:28:53:16

Richard Carthon: it. Yeah, tokenomics are important. Partnerships are important. But how does the team actually facilitate those? How do they contribute to

00:28:53:27 – 00:28:54:12

Richard Carthon: holders

00:28:54:14 – 00:28:56:28

Richard Carthon: wanting to actually participate in other DApps built

00:28:57:00 – 00:28:58:14

Richard Carthon: on that layer one?

00:28:58:23 – 00:29:07:22

Richard Carthon: And more importantly, then how do I secure those assets? How do I have confidence in all of that from a security perspective? So researching through and understanding those

00:29:07:24 – 00:29:09:08

Richard Carthon: elements, I would love to

00:29:09:10 – 00:29:10:26

Richard Carthon: go back in time, be able to understand

00:29:10:28 – 00:29:12:07

Richard Carthon: that. And so, Richard, you

00:29:12:09 – 00:29:15:04

Richard Carthon: are having a show like this to be able

00:29:15:06 – 00:29:16:29

Richard Carthon: to have others understand

00:29:17:01 – 00:29:17:16

Richard Carthon: that.

00:29:17:18 – 00:29:18:27

Richard Carthon: Look at that. I mean, you’re helping

00:29:18:29 – 00:29:19:14

Richard Carthon: a lot of

00:29:19:16 – 00:29:22:02

Richard Carthon: newcomers to this space will continuously

00:29:22:04 – 00:29:24:10

Richard Carthon: be coming here with all the great innovations and

00:29:24:22 – 00:29:25:07

Richard Carthon: new

00:29:25:09 – 00:29:27:08

Richard Carthon: opportunities to invest and earn

00:29:27:10 – 00:29:27:25

Richard Carthon: and play.

00:29:29:17 – 00:29:34:28

Richard Carthon: You’re on the forefront of that and so love to have been able to go back and do a better job of that in the past.

00:29:35:22 – 00:29:42:14

Richard Carthon: Man, that’s awesome. Thank you so much for that. And I just want to reemphasize how important it is for people to DIY or do your own research

00:29:42:16 – 00:29:44:01

Richard Carthon: and to have to know what to look

00:29:44:03 – 00:29:48:14

Richard Carthon: for and go back and listen to what Doug just said a few times. He just gave you a blueprint.

00:29:48:17 – 00:29:49:14

Richard Carthon: He just gave you a few things

00:29:49:16 – 00:29:53:24

Richard Carthon: to go and look at before you really start to get involved into a project to understand.

00:29:54:01 – 00:29:55:17

Richard Carthon: Here’s how you look and

00:29:55:19 – 00:29:56:04

Richard Carthon: found a

00:29:56:06 – 00:29:57:15

Richard Carthon: foundational like Could this

00:29:57:27 – 00:29:59:29

Richard Carthon: be worth an investment and be here for the long run?

00:30:00:01 – 00:30:01:00

Richard Carthon: So again, listen to

00:30:01:02 – 00:30:10:14

Richard Carthon: that a couple of times, and then you’ll know if it makes sense to continue to move forward with another project. But what about yourself? What do you think? I mean, what is something that you would tell yourself?

00:30:11:19 – 00:30:13:22

Richard Carthon: Yeah. You know, a long time ago,

00:30:13:24 – 00:30:16:21

Richard Carthon: I was just like most out there

00:30:16:23 – 00:30:20:09

Richard Carthon: where you just kind of focused on the price action actors and just

00:30:20:23 – 00:30:21:08

Richard Carthon: think it’s all

00:30:21:10 – 00:30:22:06

Richard Carthon: up only or something like, you

00:30:22:08 – 00:30:23:22

Richard Carthon: know. But that’s the

00:30:23:24 – 00:30:26:05

Richard Carthon: that’s not necessarily be the case for

00:30:26:26 – 00:30:27:11

Richard Carthon: me.

00:30:28:02 – 00:30:33:06

Richard Carthon: What I would go back five years ago is basically think about

00:30:34:25 – 00:30:42:04

Richard Carthon: instead of just focusing on the price, I would focus on how the money will get to the point where

00:30:42:06 – 00:30:43:27

Richard Carthon: what is a team building

00:30:44:07 – 00:30:50:07

Richard Carthon: to to get to the place where I want to see as an investor, right? Not as a builder, not as a member of the team,

00:30:50:09 – 00:30:51:06

Richard Carthon: not as a community

00:30:51:08 – 00:30:59:03

Richard Carthon: member, but just as an individual person, as an investor. If I put my money into a project and I want to see the value of it

00:30:59:05 – 00:31:00:07

Richard Carthon: go up, but instead

00:31:00:09 – 00:31:15:23

Richard Carthon: of focusing on the daily price action swings of of of each candle going up and down on a daily basis, I would tell myself, Look, look at the bigger picture. How how will the ecosystem look two years from now, five years from now, six years from now?

00:31:16:02 – 00:31:16:17

Richard Carthon: Right.

00:31:16:20 – 00:31:24:00

Richard Carthon: It doesn’t matter what the price action is doing yesterday. It doesn’t matter what that what, the what it does, the, you

00:31:24:02 – 00:31:25:06

Richard Carthon: know, tomorrow and

00:31:25:21 – 00:31:26:25

Richard Carthon: it matters what it’s going

00:31:26:27 – 00:31:28:06

Richard Carthon: to be years from

00:31:28:08 – 00:31:30:27

Richard Carthon: now, once the apps are built on the chain, once wins,

00:31:31:08 – 00:31:31:23

Richard Carthon: once

00:31:31:25 – 00:31:36:09

Richard Carthon: users are joining the network, once you know the whole ecosystem is being

00:31:36:11 – 00:31:40:06

Richard Carthon: utilized, when the gas is in and the revenue

00:31:40:08 – 00:31:43:06

Richard Carthon: share is activated, right? All of these things combined.

00:31:43:15 – 00:31:45:09

Richard Carthon: That is when the real

00:31:45:17 – 00:31:48:24

Richard Carthon: value accrual of the goods token will occur and

00:31:48:28 – 00:31:50:16

Richard Carthon: and at that point,

00:31:50:24 – 00:31:53:10

Richard Carthon: it will occur after the main net launch.

00:31:53:12 – 00:31:54:27

Richard Carthon: So personally, for

00:31:54:29 – 00:31:56:00

Richard Carthon: me, you know.

00:31:58:20 – 00:32:00:25

Richard Carthon: It’s important to to to

00:32:00:27 – 00:32:04:27

Richard Carthon: think about pay, you know, over the long term. But at the same

00:32:04:29 – 00:32:11:06

Richard Carthon: time, it is more important to think about how will the price get to that specific point if you’re

00:32:11:19 – 00:32:12:12

Richard Carthon: if if you’re

00:32:12:27 – 00:32:16:29

Richard Carthon: an investor thinking about that right, it’s not all about the short term price action.

00:32:17:01 – 00:32:18:17

Richard Carthon: It’s about the long

00:32:18:19 – 00:32:19:15

Richard Carthon: term goals of

00:32:19:17 – 00:32:21:03

Richard Carthon: the team of the community

00:32:21:11 – 00:32:22:27

Richard Carthon: and how the price will

00:32:22:29 – 00:32:24:16

Richard Carthon: reflect once those

00:32:24:18 – 00:32:29:07

Richard Carthon: deliverables are met. And I think it’s important because a lot of us or

00:32:31:00 – 00:32:31:27

Richard Carthon: a lot of crypto

00:32:31:29 – 00:32:32:15

Richard Carthon: newbies

00:32:33:04 – 00:32:37:00

Richard Carthon: are in this phase for a quick buck, and there’s a lot of meme

00:32:37:02 – 00:32:38:21

Richard Carthon: coins out there that can do that

00:32:38:23 – 00:32:39:08

Richard Carthon: for you if

00:32:39:10 – 00:32:42:01

Richard Carthon: you want, but you can get wrapped as well by investing in

00:32:42:03 – 00:32:44:06

Richard Carthon: those meme types. So it’s important

00:32:44:08 – 00:32:47:01

Richard Carthon: to to to to really take a

00:32:47:03 – 00:32:51:17

Richard Carthon: step back and take a deep breath for a second and and think, do I want to invest

00:32:51:26 – 00:32:52:15

Richard Carthon: in these meme

00:32:52:17 – 00:33:09:22

Richard Carthon: coins? Be sure, you know, there’s a few of them with really solid communities. But really, that’s all they’ve got. They don’t really have an underlying layer one blockchain with the apps and the revenue sharing ball and all these different types of things that we’re building, right? And that’s important to take account or

00:33:10:00 – 00:33:12:02

Richard Carthon: to take into consideration.

00:33:12:12 – 00:33:16:18

Richard Carthon: So, you know, as an investor over the long term, getting in now,

00:33:17:12 – 00:33:17:27

Richard Carthon: you’d be

00:33:17:29 – 00:33:20:14

Richard Carthon: very, very early into an ecosystem

00:33:20:24 – 00:33:21:09

Richard Carthon: that

00:33:21:11 – 00:33:22:24

Richard Carthon: basically has a long term

00:33:23:09 – 00:33:23:29

Richard Carthon: mindset.

00:33:24:09 – 00:33:28:19

Richard Carthon: And so it’s important, you know

00:33:29:11 – 00:33:30:06

Richard Carthon: where you want to,

00:33:31:27 – 00:33:33:15

Richard Carthon: you know, if, if, if you’re

00:33:33:17 – 00:33:36:16

Richard Carthon: investing in a meme clam project or if you’re investing in something for the

00:33:36:18 – 00:33:37:05

Richard Carthon: long term.

00:33:37:13 – 00:33:40:03

Richard Carthon: So that’s something to him. As an investor, you want to just keep in mind.

00:33:41:03 – 00:33:54:18

Richard Carthon: For sure and definitely appreciate that piece of feedback as well. Well, you know, I always like to finish with a final thought and I’ll pose it to both of you. But what is the final thought that you want to leave here with all of our listeners today?

00:33:56:19 – 00:33:58:18

Richard Carthon: Well, personally, I just want to say,

00:33:58:28 – 00:34:00:07

Richard Carthon: well, first of all, I want to

00:34:00:09 – 00:34:06:19

Richard Carthon: give a shout out to our team, I want to give a shout out to your community. But as a thought, yeah.

00:34:07:00 – 00:34:07:23

Richard Carthon: But as a thought,

00:34:08:03 – 00:34:08:24

Richard Carthon: basically,

00:34:09:17 – 00:34:10:07

Richard Carthon: you know, just

00:34:10:18 – 00:34:20:00

Richard Carthon: take us out. You know, we’re in a new layer one blockchain. There’s a lot that’s being built over the long term. We are a very solid team. You know, a team of twenty

00:34:20:02 – 00:34:21:20

Richard Carthon: seven people, we’re going to

00:34:21:22 – 00:34:26:20

Richard Carthon: be growing to 30, 40 people over the next year. We’re going to be going a lot faster, a lot quicker.

00:34:27:18 – 00:34:29:02

Richard Carthon: You know, now that we have

00:34:29:04 – 00:34:29:19

Richard Carthon: things in the

00:34:29:21 – 00:34:30:26

Richard Carthon: pipeline and and

00:34:31:09 – 00:34:32:02

Richard Carthon: these are exciting

00:34:32:04 – 00:34:34:01

Richard Carthon: times to be part of the

00:34:34:10 – 00:34:35:06

Richard Carthon: project, you know,

00:34:35:08 – 00:34:36:22

Richard Carthon: there’s there’s a lot of things

00:34:36:24 – 00:34:40:03

Richard Carthon: that are coming up and and there’s a lot

00:34:40:05 – 00:34:41:25

Richard Carthon: to do as a community member

00:34:41:27 – 00:34:46:25

Richard Carthon: to be involved as well. So not through, not just through an investor. If you’re a developer,

00:34:46:28 – 00:34:50:00

Richard Carthon: you can apply for the GWAS

00:34:50:02 – 00:34:51:15

Richard Carthon: grants, right? If you’re a community

00:34:51:17 – 00:34:52:14

Richard Carthon: member, you

00:34:52:27 – 00:34:54:19

Richard Carthon: can apply to be a close community

00:34:54:21 – 00:34:56:07

Richard Carthon: advocate. So there’s a lot of

00:34:56:09 – 00:34:59:15

Richard Carthon: things that you can do as a community member to be more involved over the long term.

00:35:02:02 – 00:35:03:04

Richard Carthon: Yeah, I think for me,

00:35:04:04 – 00:35:08:15

Richard Carthon: when I think about what I’m most excited about and where things are kind of

00:35:08:17 – 00:35:13:10

Richard Carthon: headed, my closing thought is that you start early to glitch

00:35:13:15 – 00:35:15:01

Richard Carthon: as Maine is getting ready to be

00:35:15:03 – 00:35:16:08

Richard Carthon: released. They are putting

00:35:16:10 – 00:35:20:15

Richard Carthon: the foundation in place to be able to have an ecosystem

00:35:20:17 – 00:35:22:01

Richard Carthon: that is usable from

00:35:22:03 – 00:35:24:01

Richard Carthon: day one that is secure

00:35:24:03 – 00:35:25:13

Richard Carthon: to various partnerships,

00:35:25:15 – 00:35:27:17

Richard Carthon: including keratosis, which we’ve highlighted.

00:35:28:05 – 00:35:30:23

Richard Carthon: But more importantly, I just see a

00:35:30:25 – 00:35:32:18

Richard Carthon: team that’s completely doxed that

00:35:32:20 – 00:35:33:18

Richard Carthon: is very

00:35:33:20 – 00:35:38:01

Richard Carthon: community forward. It’s a project that doesn’t have these tokens still waiting for it

00:35:38:04 – 00:35:41:05

Richard Carthon: to be unlocked. You’ve got really an

00:35:41:07 – 00:35:43:26

Richard Carthon: opportunity around their mission, which is to

00:35:43:28 – 00:35:46:13

Richard Carthon: give DeFi and trust

00:35:46:15 – 00:35:48:21

Richard Carthon: as money markets back into the hands of retail.

00:35:48:29 – 00:35:49:28

Richard Carthon: So everyone has

00:35:50:00 – 00:35:51:13

Richard Carthon: access. Regardless of

00:35:51:15 – 00:35:52:28

Richard Carthon: your ability

00:35:53:00 – 00:35:58:00

Richard Carthon: to invest large sums or small sums, your ability to understand the ecosystem, making it user

00:35:58:02 – 00:35:59:24

Richard Carthon: friendly enough to be able to come and

00:35:59:26 – 00:36:04:10

Richard Carthon: participate they want and not have the costs that you do on

00:36:04:11 – 00:36:05:27

Richard Carthon: it, which if you’re only able

00:36:05:29 – 00:36:07:20

Richard Carthon: to invest 100 200 dollars

00:36:07:22 – 00:36:10:10

Richard Carthon: right, you can now come to glitch and not be

00:36:10:19 – 00:36:16:18

Richard Carthon: hit by those high fees and having to worry about being front run or anything like that.

00:36:16:20 – 00:36:17:26

Richard Carthon: So I see

00:36:17:28 – 00:36:18:27

Richard Carthon: really a community,

00:36:19:03 – 00:36:21:02

Richard Carthon: an ecosystem and tremendous

00:36:21:04 – 00:36:25:07

Richard Carthon: utility for the glitch token, which is going to be a game changer across all three of those things.

00:36:25:09 – 00:36:28:05

Richard Carthon: When you look at the sum of where most

00:36:28:07 – 00:36:30:17

Richard Carthon: chains are, most are very corporate, most have a

00:36:30:19 – 00:36:32:05

Richard Carthon: lot of significant

00:36:32:13 – 00:36:34:13

Richard Carthon: financial backing from well-known

00:36:34:15 – 00:36:38:21

Richard Carthon: players. And you know, you have the opportunity to earn money. Absolutely right.

00:36:38:23 – 00:36:41:15

Richard Carthon: The money’s out there. But I think what which is building is something that

00:36:41:17 – 00:36:42:21

Richard Carthon: is unique to the

00:36:42:23 – 00:36:45:20

Richard Carthon: retail environment. To the retail investor, you can see that

00:36:45:27 – 00:36:50:13

Richard Carthon: pool their launch pad partnership. So overall, I’m extremely

00:36:50:15 – 00:36:53:01

Richard Carthon: excited about this project and hope you’ll take the time to check it out.

00:36:54:08 – 00:37:06:14

Richard Carthon: Excellent. I think those both were excellent final thoughts. I appreciate both of you being on the show and as a quick reminder. Doug, what are ways that people can learn more about glitched and join the community?

00:37:07:01 – 00:37:08:17

Richard Carthon: Absolutely. I glitch protocol on

00:37:08:19 – 00:37:10:02

Richard Carthon: Twitter and then Glitch

00:37:10:04 – 00:37:13:15

Richard Carthon: Protocol Telegram as well, or two primary places. We’ll see a

00:37:13:17 – 00:37:15:06

Richard Carthon: discord late December

00:37:15:08 – 00:37:20:24

Richard Carthon: early January. The team is focused on getting the main release up and running.

00:37:21:15 – 00:37:22:03

Richard Carthon: But those are

00:37:22:05 – 00:37:25:14

Richard Carthon: the two primary areas. Obviously, you can follow myself at HOBY, Baker

00:37:25:16 – 00:37:28:25

Richard Carthon: goes on Twitter or Aram Glitch as well.

00:37:29:12 – 00:37:41:15

Richard Carthon: We usually are pretty on on on top of any new information that’s available, and you can even scroll through our previous history and see a ton of useful information, from infographics

00:37:41:26 – 00:37:42:14

Richard Carthon: to other

00:37:42:16 – 00:37:45:28

Richard Carthon: videos and things that will help you in doing your own research.

00:37:47:01 – 00:37:53:28

Richard Carthon: Perfect. Well, Aaron, Doug, I appreciate again, both of you being on the show sharing all of this amazing knowledge, everyone listening, I hope you enjoyed it.

00:37:54:03 – 00:37:54:19

Richard Carthon: And of course,

00:37:54:21 – 00:38:26:00

Richard Carthon: for everyone listening, stay cryptocurrency. Hey, cryptocurrency 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 Vu Bible for someone who is new to the cryptocurrency world. This podcast lays out the information, whereas easy to understand. I recommend anyone who is interested in learning more to check out this podcast.

00:38:26:07 – 00:39:00:21

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00:39:01:00 – 00:39:36:14

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00:39:36:16 – 00:39:40:15

Richard Carthon: That’s D-R.I. TR Productions dot com.

00:39:46:07 – 00:39:59:06

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

00:40:08:19 – 00:40:10:11

Douglas: Three U.S. citizens.

00:40:15:24 – 00:40:50:14

Douglas: 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 were 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 cryptocurrency production is exclusively for informational purposes.