Roc Zacharias on Supercharging the Dogecoin Ecosystem with Dogechain (Episode 314)
Roc Zacharias joins us to discuss on Supercharging the Dogecoin Ecosystem with Dogechain.
Roc Zacharias is a bitcoin and crypto enthusiast and expert. He is the CEO at Lunar Digital Assets, a Core Contributor at Dogechain, a co-founder of QuickSwap and the founder of The Cryptonaut Society.
Dogechain supercharges Dogecoin to bring crypto applications like NFTs, games, and DeFi to the $DOGE Community.
Roc’s LinkedIn: Roc Zacharias | LinkedIn
Website link: Dogechain – NFTs, Games, DeFi meet Dogecoin
Company Twitter: https://twitter.com/dogechainfamily
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The following transcript was created using artificial intelligence. There will be some grammatical errors below.
00:00:18:07 – 00:00:45:05
Richard Carthon: Hello everyone. Welcome to another episode of Crypto Current, Your host here, Richard Carthon . Today I got a very special one for you. So usually this person resides in L.A., but they are currently traveling the world, currently out in Italy, and I am definitely envious. Hopefully you get to go and visit some of the places that he’s been telling me about before we go on the show. But we have Roc Zacharias , who’s with those chain Quick Swap, and he’s doing some really amazing stuff and we spend a lot of time unpacking doge chain today. So how are you doing today, right?
00:00:45:29 – 00:00:56:21
Roc Zacharias: Doing great. Yeah, like, like you mentioned in Italy at the moment. So it’s been a nice vacation with the girlfriend. A little mixture of business and pleasure, but a lot of fun. You.
00:00:57:21 – 00:01:09:04
Richard Carthon: Sure. Well, I mean, it’s really cool. All the different things that you have going on in the world of Web three. But before we dive into all of that first one to learn a little bit more about you. Can you give us a little bit of background on yourself?
00:01:10:18 – 00:01:41:22
Roc Zacharias: Yes, sure. So I started in crypto in 2015, but long before that I was working in digital currencies in another extent with in-game currencies and video games. So I played a game called EverQuest and we would sell platinum to a lot of people, but our biggest customers was Brock Pierce from iOS who created the oscillator and then Jonathan Scientists who created Wax. So kind of funny.
00:01:41:24 – 00:02:16:25
Roc Zacharias: We were working together in digital currency stuff. Before long, this was 23 years ago, so this was long before Bitcoin was even thought out. But it, I think, gave us all the kind of wherewithal, the understanding of digital scarcity that there could actually be value in digital goods that have some kind of scarcity. So selling platinum and swords in a video game. But yeah, so when I found out about Bitcoin in 2015, I was really almost instantly like it made sense to me.
00:02:17:02 – 00:02:31:21
Roc Zacharias: And then in 2017, we created Lunar Digital Assets, which is a marketing and incubation firm. We worked on projects like our biggest one is Polygon, which is everybody knows Polygon.
00:02:33:11 – 00:02:50:23
Roc Zacharias: Yeah. And then from there, because of all our contacts, we created Quick Swap, which is the largest Dex on Polygon, and which I’m a co-founder of that. So CEO of LDA, co-founder of Quick Swap. And then most recently we actually launched another
00:02:53:00 – 00:03:23:04
Roc Zacharias: polygon chain called Those Chain. So those chain is a fork, basically a polygon, or it uses the Polygon Edge SDK, which is basically using Polygon tech. We’ve made some alterations that are interesting. One of them is that it uses DDoS as as the gas. So you can imagine when people are interacting with those, they’re not they’re not actually benefiting. Those are a lot of the time.
00:03:23:06 – 00:03:53:11
Roc Zacharias: For example, if you’re trading on Robinhood, it doesn’t really help the Doge ecosystem directly. I mean, it’s nice that people are trading like that or if you’re on, I think Blockfi has doge borrowing and lending. You know, they make the fees from this, they, you know, it benefits them, which is great that they’re doing it for doge. But we thought that it would be very interesting to create a chain, an EVM chain. So think you know Etherium or Polygon but on top of doge now. So this uses Dosis gas.
00:03:53:13 – 00:04:25:14
Roc Zacharias: And then there’s a plethora of other things that people have kind of started thinking of ways how if we benefit the doge community, so people are doing like doge burns where let’s say we have like a NFT marketplace, you could either have the currency of the NFT marketplace, the wrap doge, or you could take 1% of all fees and buy doge with them and then burn it or drop the doge to holders of doge and things like that.
00:04:25:16 – 00:04:56:11
Roc Zacharias: Or you cannot, you know, other things you could do is to make a borrowing and lending market and use doge as collateral for a stablecoin and use doge as collateral. That would be, I think an interesting one that I’d kind of like to see someone do. No one’s done that one yet. All the rest are being worked on by the Stablecoin. I think people are probably scared because, you know, you don’t want a very volatile asset like those backing, you know, your stablecoin you would have to be very over collateralized or maybe have a basket of other currencies or some other clever mechanics to make it work.
00:04:56:13 – 00:05:28:26
Roc Zacharias: But I think that would be kind of fun. But yeah, so basically we created this chain so that anyone can build anything on it. Defi games and it feeds meme coins and then it all benefits the dose ecosystem. So we’re bringing a whole new digital utility to doge outside of the previous utilities which be trying to get people to take it as payment at restaurants or for a Tesla or Dallas Mavericks game.
00:05:31:07 – 00:05:59:07
Roc Zacharias: With Mark Cuban. So those are cool. And then the other one is tipping a lot of tipping with those like on Twitter and Telegram and things like that, which is cool. But we think this is probably a lot more interesting to be able to really build anything you can imagine on Web three. Now you have those not just being used in the physical world, but it’s a digital currency. Let’s use it in that digital world.
00:05:59:29 – 00:06:41:04
Richard Carthon: Right. And thank you for that intro and and giving us a really good understanding of what those chain is is trying to accomplish. I do want to take two quick steps back, just to your experience in in this realm, You know, coming from a place where, you know, you got to work with other people who found it really pretty large change from iOS and looking at everything that’s been going on with Wax and the NFT space and all of that, and then you have in an incubation that helped to bring Polygon to the masses and the huge success that Polygon has been having in all their partnerships and everything else and, and even creating quick swap to be able to have a dex now that can trading out of different chains and
00:06:42:25 – 00:07:14:27
Richard Carthon: on top of the plug on network and quick shout out to me we had him on the show previously had a really cool conversation that actually led to me more involved in the polygon space just because I had more access to these different tools. But, you know, you take all of that experience and you you start to look at a lot of different areas where you could potentially have impacts. Now, my first question to you is, of all the ecosystems are even looking at the different coins you could have chosen. Why Doge? What was it about those you’re like, Yup, this makes sense.
00:07:15:02 – 00:07:22:21
Richard Carthon: I want to build and bring this this group into the polygon ecosystem. Like walk us through that thinking.
00:07:23:08 – 00:08:10:13
Roc Zacharias: So there was a lot of reasons. Our team has a history with doge, so one of the people on our team, Sam because in from FRAX was one of the first doge miners at his UCLA I believe was his UCLA dorm room. He was one of the first, I don’t know what it was like 500 doge miners or 50 or something, something crazy. He was one of the early miners and then some others on our team and people that were we were working with to come up with the idea originally just had a big history in Doge and then just slowly we just saw that doge is this massive, massive community, huge die hard community, one of the biggest in crypto.
00:08:10:24 – 00:08:45:02
Roc Zacharias: Something that was interesting to me was, you know, anecdotally when I go to restaurants or bars or when I’m out anywhere, I’m always talking to people about crypto and anyone who has crypto. I say over 50%, maybe like 70% of the people that I talked to that have had some kind of crypto either started with doge or have doge. Now that’s like one of the big ones that’s mentioned a lot, which is really kind of crazy. You know, I would think it would be Bitcoin that should be like the starter, but it’s know this retail phenomenon is really.
00:08:46:05 – 00:09:19:23
Roc Zacharias: Kicked things up where a large amount of the country, the U.S. and the world photos. So we saw that there was a huge community and we felt this community was just yearning for more utility. And it was probably the biggest complaint in the community was just not enough utility. What can we do to make Doge more useful, more make more people buy it, and as opposed to just speculating and hoping that it’ll go up and, you know, looking and like reading tealeaves with Elon Musk tweets like, is he talking about doge and what’s, what’s going to happen next and charting and stuff.
00:09:19:25 – 00:09:30:15
Roc Zacharias: So we thought let’s, let’s make something really interesting that that will truly bring utility to doge. So you got it. Yeah. Right.
00:09:31:00 – 00:10:01:00
Richard Carthon: No, I was going to say that makes a lot of sense. Like the you want to talk about an absolute raving community. The doge community is not a community to mess with. And to your point, like you said, there’s definitely a lot of diversification within the world of crypto. If you’re in it at some point, if you don’t currently own it, you’ve probably owned it at some point. It was just a, you know, a nice entryway and, and back at the height, the beginning of the last bull cycle that we saw a lot of friends and family I’ve been talking about forever.
00:10:01:02 – 00:10:08:06
Richard Carthon: They only want to talk about doge. They don’t wanna talk about any of the cryptos and talking about how Elon’s talking about all this stuff. Right? So but to your point, you.
00:10:08:08 – 00:10:14:19
Richard Carthon: Started a whole bunch of doge and what was it really telling her that was just like she just pray like, Hey, how about.
00:10:14:21 – 00:10:16:13
Richard Carthon: This thing? What do I do with it now? And I was.
00:10:16:15 – 00:10:17:00
Richard Carthon: Like, What?
00:10:19:00 – 00:10:51:23
Richard Carthon: But, but, but to your point, to bring out some more of the utilities now that it’s some of it, you know, there’s tipping, like you said. Yes. If you go to a Mavericks game, you could buy some stuff once upon a time, you could do some things with Tesla, etc., but trying to add more utility. So you building on top of the Polygon ecosystem, those chain, you have, you know, NFT games, Defi and several other things that are on the way. You kind of talk through it for for people who are either building on this or want to commit to this those chain ecosystem, what are some of the things that they can expect and start to use?
00:10:52:24 – 00:11:05:16
Roc Zacharias: Yeah, it was pretty interesting. You know, I was very active with all the going on over the last four years, watching how change evolved in this bill, how the original infrastructure happened. I mean,
00:11:07:08 – 00:11:42:21
Roc Zacharias: we were really it was just a lot of like hackathons early on. I think in our first year with Polygon, I think they did 36 hackathons and these are were like young people from colleges, you know, very junior depths mostly, but all very interested in blockchain technology. Polygon did this great job of really educating like the next generation of crypto people, and now those people are building amazing things. So it was one college person, but he was one of the first steps to launch something on on Polygon.
00:11:43:18 – 00:12:15:27
Roc Zacharias: And so I saw how Polygon was built. And it took a long time. I mean, the first couple of years, it didn’t have very much traction. It was, you know, some indie games. It had a really cool, rich, like indie kind of game community, which was really cool. And there was a lot of other kind of small things, but nothing really big. No big players had come in. I know of a sort of uniswap or curves or anything like that. And so they really built from the ground up. And I had seen I mean, eventually got all those big names.
00:12:16:08 – 00:12:49:15
Roc Zacharias: You know, I was talking earlier about I think for the prequel to this, we’re talking about how Polygon is the crazy stuff they’re doing now, like Starbucks and Robinhood and all this nuts. So but the point is that going back is that I saw how hard it was to build on years. And so I thought, okay, we have the blueprint. We were there just to fix what We brought hundreds of projects to Polygon throughout an equity swap. One of them to come list with us projects would reach out to us, we would reach out to projects.
00:12:49:17 – 00:13:06:06
Roc Zacharias: We would target all the biggest projects on like finance, smart finance chain, and we would try to get them to come over to Polygon. Hundreds to come. But it took years. And so we kind of thought it would take that long with those same within. I think it was like the fifth day of live.
00:13:07:23 – 00:13:44:06
Roc Zacharias: We had like someone launched a Dex. We hadn’t even launched Quick Swap yet, so we just launched a Dex and all these projects started coming. I don’t know really where. I mean, I know some of them. A lot of them were from like, finance, a lot of very, like, speculative people, a lot of and also just the community. We had built a lot of those people. But it was really crazy that within like within five days we had like 600 points for launch. It’s just like really insane growth. Now, there were about two months and almost two months and now and we’ve got over 20 dexs that I know of
00:13:45:25 – 00:14:22:13
Roc Zacharias: some borrowing and lending platforms. NFT Marketplace is a bunch of tooling lockers and liquidity lockers and some things for helping projects launch that can’t afford. So you so it makes it, it’s like a template so you can bunch of Bitcoin using this template and that template is audited. So you kind of get like an indirect audit. There’s all kinds of stuff. A lot of the tooling that I’m encouraging right now that we’re all encouraging this stuff to help get rid of like rug pulls, scammers, bugs, things like that.
00:14:22:19 – 00:14:54:23
Roc Zacharias: There is a lot of that on chain. It’s actually kind of insane. It’s really like a Wild West. There’s a lot of cool stuff happening, a lot of people making a lot of money in some ways and then a lot of people losing money. So it’s like, you know, it’s kind of like, you know, you look at I look at crypto as this wild West in the world of free market, like almost pure free capitalism, which is amazing in so many ways, but also has a lot of downsides. So, you know, a lot of us, especially here in the U.S.
00:14:54:25 – 00:15:31:24
Roc Zacharias: or Italy now, but normally in the U.S., you have the government basically bubble wrapping everything that you do. So they have accredited investor laws and all these different things that prevent you from getting hurt. They want to they want to help the little guy not get hurt. But those I think those things, while they have good intent, have really hurt the spirit of capitalism and slow capitalism and slow growth down. And so when you can have a more free and open marketplace for ideas and for businesses and preferences and defi and all these things, things can grow fast.
00:15:31:26 – 00:16:08:02
Roc Zacharias: And that’s what we’ve seen with crypto over the last 12, 13 years. And that’s what we saw on like a theory and theory launch with smart contracts. It was just nuts how fast things started growing all that crazy. I mean, I just remember like it was such a cool time being I guess a bit younger years ago and just thinking about all the cool things we could do with the theory. I’m like, Oh, can I make like, you know, I was thinking like, like torrents. You can download music and upload music while like one of the problems I always saw torrents was that like they’d always be a lot of people downloading, but not enough people uploading.
00:16:08:12 – 00:16:47:26
Roc Zacharias: And so it always thought it would be cool to attach a token. And so every megabyte you upload or download, you buy, buy or pay a token. And so if you’re uploading as much as you’re downloading, you just keep it. So it’s like kind of fair If you don’t want to upload and you only want download, okay, then you can buy some tokens. Just pay for the stuff like that or vice versa. If you don’t want to download stuff and just wanna make money, you just get uploader and just like so there’s like, I just remember all these crazy ideas always going through my head about what can be built. And we’ve seen so many cool things be built with the Etherium and there’s some defi and then a meme coins and all this games now.
00:16:48:09 – 00:17:20:18
Roc Zacharias: So when you, when you unlock just that open kind of this Turing complete this these programming languages and ways for people to build whatever they can imagine it’s you just see so much growth and it’s really cool to be a part of but Anderson is high risk right now. But you know, we are seeing some crazy gains and crazy losses. I think I saw, you know, what project was like 350,000% gains. And just like then, you know, other projects that are like -99%.
00:17:20:20 – 00:17:46:24
Roc Zacharias: So, you know, you got to be really careful with this stuff. I focus more on like the, the defi primitives, the actual like defi, you know. Financial Legos and things that I think we’re more blue chip type stuff. But for a lot of other people, they like this kind of risky even, dare I say, like gambling type of environment where they can try to predict what’s going to be successful for school or something.
00:17:47:18 – 00:18:12:19
Richard Carthon: Yeah, definitely. I mean, that’s a bring it too close to the the regular market way. But like in a lot of ways, these these are the penny stocks. These are the ones where you you are really going for the gusto but definitely have a high chance of losing it all. And for some people, they have that risk profile and it’s fine. You only got to strike gold once for it to really have paid off and to lead into other potential opportunities. But you can have such fun and.
00:18:13:05 – 00:18:50:25
Roc Zacharias: You know, like we’re in we’re in a market right now where people are not having fun, where people are like, it’s doom and gloom. We’re like on the brink of World War three. We’ve got COVID lockdowns for years. People are depressed because they couldn’t leave the house for so long and now they can now, like the economy is taking it. So like the world is in a weird place. And I think that’s one of the cool things about Doge is it really makes the world a little more fun. And I think that’s why Iran likes it so much. And that’s what we’re trying to do on Dogecoin. Everything we do, we try it with all the products that over 200 projects apply for a grant and support, dev support, marketing support, etc.
00:18:50:27 – 00:19:05:01
Roc Zacharias: And one of the things we really tell them and encourage, it was like, if you want us to support you, it has to be fun because that’s that’s what this chain is. It’s like a place where people can come have fun and still do all the serious stuff, but try to keep it a more fun flavor.
00:19:06:06 – 00:19:36:27
Richard Carthon: Yeah, I think that’s a really good and critical point of it. It’s. Obviously people are trying to build a right now it’s a bear market and and kind of the question that I had for you. With you being in a unique situation where you’ve been in the space since 15, seven years now, you’ve experienced multiple bear cycles, multiple bull cycles, and you’ve seen projects like Polygon have to grind for years before you really start to see that first amount of traction. For those who are listening in are currently building in the space.
00:19:37:10 – 00:19:37:28
Richard Carthon: What kind of.
00:19:39:25 – 00:19:47:15
Richard Carthon: Not necessarily advice, but like what kind of insights can you provide to them while they’re kind of maneuvering through this, these bearish moments?
00:19:49:03 – 00:19:53:10
Roc Zacharias: I would say just stick with it really in crypto.
00:19:55:03 – 00:20:31:09
Roc Zacharias: Kind of more than anything, just takes time to win. Because, I mean, you can even if you don’t bet on the best things, I mean, the simplest thing is just buy some Bitcoin, you know, maybe some etherium if you want to. If you don’t know much, you could make Polygon, But it really kind of in a lot of ways doesn’t matter because you’ll you’ll learn if you just stick with it, you’ll learn. And then eventually when the bull market comes, I mean it’s everything is very nice for everyone. So just to stick with it and don’t like don’t get down from the bear market, have some good conviction, hopefully.
00:20:32:09 – 00:21:02:15
Roc Zacharias: I mean, I highly recommend people to really start with Bitcoin, focus on learning about Bitcoin. That’s where the fundamentals are. That’s where you get your kind of, you know, your high school degree and like, why does decentralization matter? And then with that good foundation, then you can start playing with the other more risky stuff, but in some ways more fun too. But now if you know, if you can understand, you know, why Bitcoin matters, then it gives you this grounding.
00:21:02:17 – 00:21:39:18
Roc Zacharias: And like when you’re in a bear market that this is just it’s just noise. This, this price action is just noise in the grand scheme of things. This is this technology is what is going to power the future financial systems, future money. And I have no doubt about that. And I think if you anyone who spends more than like ten, 20 hours studying this book, researching it, but by that point, you should have a pretty strong conviction that this is obviously the future and we don’t know what how it will shape up. We don’t know what Bitcoin when Etherium be the main smart contract platform, what polygon be the best scaling solution.
00:21:39:20 – 00:21:50:20
Roc Zacharias: We know these things we don’t know. We don’t know what the industry will look like in ten years, but we know that this is something years coming and it’s going to change the world, and I think it already is.
00:21:51:25 – 00:22:23:03
Richard Carthon: Definitely already is and is is definitely helping to change a lot of lives in a lot of different ways, both from an innovation standpoint, making life a little bit more fun. And then even the fiscal part where you’re seeing new generational wealth being created that has never had the opportunity before. For all those who are listening right now, whether they are in the Doge community or not, but they’re like, Yep, this sounds like a lot of fun. I haven’t had fun in a while. I want to have some fun building in the Doge chain ecosystem.
00:22:23:07 – 00:22:27:21
Richard Carthon: What does that process look like? How can someone come and be get started with those chain?
00:22:29:07 – 00:22:41:18
Roc Zacharias: There’s. Well, if you want to build, there’s application. I don’t know where it is. It might be on the website. I think it’s sending a telegram or telegram group. Which is.
00:22:44:17 – 00:22:49:00
Roc Zacharias: It’s those chain families. That’s our
00:22:50:16 – 00:22:58:12
Roc Zacharias: first family. So the telegram is the Doge chain official. But I think. Sue.
00:23:00:12 – 00:23:32:12
Roc Zacharias: It’s not there. Maybe we could add it to, like, show notes afterwards or something, but basically just dig around to find your dig a little bit asking the telegram group. You’ll you’ll find some links to form a reply, and then we can either give you some support through grants or through developer help or marketing help. But something that’s really interesting that we’re doing. So every Friday we do a project spotlight, so we have a few projects on to talk about.
00:23:32:14 – 00:24:02:22
Roc Zacharias: What they’re building on does change and some really cool ones. Really, we keep it pretty fun and exciting, I think. And then at the end of it, we do something pretty funny. That kind of shows that we’re in this for fun is that we have a Bitcoin showdown, so we just allow anyone in the audience and these are pretty big Twitter spaces like, like the first one had like 9000 viewers, not concurrently, but over the the week, over like a week. Coming back and watching it. Total is like 9000.
00:24:02:24 – 00:24:36:21
Roc Zacharias: So these are pretty big Twitter spaces. And at the end, we just let anyone come up and talk like this about who you are. We don’t care. We don’t pre-screen it. We just let anyone come up and you can show your project, show something you like on Doge. Jane Or like we always encourage people that don’t like us or don’t like what we’re doing to come on and say, you know, talk some trash. We don’t. We haven’t gotten any. I’m really surprised because, you know, you mentioned that it’s funny that the little sidetrack here, but you mentioned how the Doge community is very like I forget what word you use, but.
00:24:37:14 – 00:24:51:07
Roc Zacharias: You’re very strong in a very kind of crazy and very serious about dose. And so, like, there’s actually a lot of people in the judge don’t like what we’re doing who think that we’re using like the dose name for profit and.
00:24:53:00 – 00:24:54:06
Roc Zacharias: I also feel like it.
00:24:56:25 – 00:25:29:04
Roc Zacharias: I forget the reasons, but it’s like a huge thing. There’s like, they were going crazy for a while. It was actually some of the most engagement we were getting was from like these hardcore dojo, like those Maxes, like your Bitcoin Maxes. It say, like, Oh, you shouldn’t use an exchange to trade Bitcoin. It’s like, okay, I mean, I, you should have seen my point ledger, But like, look, if people want to venture out and try Etherium or other things, you know, don’t be so upset by it that I don’t think that that’s good for anyone.
00:25:29:06 – 00:25:59:12
Roc Zacharias: I think having an open dialogue about things is, is good and trying new things. So like we’re building those chain and some people don’t like it and I think most do, but we’ve had pretty incredible growth, I think. Yeah. So there’s got to be thousands of coins launched on top of doge chain. Now we have we had more. We’ve had many days where we had more transactions than all of Etherium, than Polygon, pretty much, I think maybe more than like every chain out there.
00:25:59:27 – 00:26:30:03
Roc Zacharias: Actually, I don’t know if we passed finance because Binance Smart Chain has a lot of transactions, I’m not sure. But anyways, so we’ve had huge growth. So clearly there’s like a product market fit, There’s there’s an appetite for this, There’s an appetite for means, there’s an appetite for nfts. And to have a place where it’s all kind of concentrated and benefits that that king meme coin himself doge. It’s just, it’s been like a real kind of hit and that people are calling it the meme chain. I kind of like that one.
00:26:30:22 – 00:26:46:24
Roc Zacharias: I someone was saying the other day that the meme me where memes and dreams are made and that people are people are just having fun with it and it makes, it makes me happy and it’s been fun to be part of so far.
00:26:47:26 – 00:27:21:02
Richard Carthon: Gotcha. Well, that’s definitely really cool for everyone. Listen, make sure you go get them. Listen to me. The fact that I have that many transactions is definitely something to not skim over. So I know I’m personally going to go check it out and see what kind of means coins are being built over in that ecosystem. But as we kind of wrap up here, I always like to finish up with a couple of fun questions. And the first one is going to be with all the information and knowledge that you’ve been able to garner over the last seven years, if you go in Part one or two pieces of wisdom to yourself, when you first got started, what would you tell yourself?
00:27:27:11 – 00:27:37:05
Roc Zacharias: It’s kind of relevant to this, but be careful with altcoins. So like with bitcoin, I don’t think you ever take profit. You just hold it forever. For Generation
00:27:38:24 – 00:28:01:02
Roc Zacharias: Etherium and some other blue chips like Polygon as well. But there’s a lot of like high risk stuff where if you get like 100 x, 4000 X or whatever, wholesome profit takes them off the table. So you got to kind of separate the mindset of like Bitcoin is the thing I hold forever altcoins. You play in an awesome profit, you buy more bitcoin with or more theory.
00:28:02:27 – 00:28:05:04
Roc Zacharias: So that would be one thing I would tell myself and.
00:28:07:03 – 00:28:48:01
Roc Zacharias: I guess to maybe not Something I would tell myself to just tell others is just really go hard with this. Just crypto in general. I tell people this almost every day. Like any young entrepreneurs, I meet people in school, go to school to be doctors. That that’s what I was supposed to be until I found crypto in 1215. And I just I finished my pre-med and had published genetics research and had honors and was ready for med school. And I thought, John, I was like, I’m out and this is it. This is what I do. But I remember like I stopped going to the gym because I was just like, this is it was this was in the midst of like, I think 20 somethings were really going off.
00:28:48:03 – 00:29:31:08
Roc Zacharias: And I was like, I just I got to focus every waking moment I have on this or like, I feel like if I miss out and I if I don’t do everything I can, I’m going to look back in life and regret it. And so I really did go all in on it. And, you know, we’ve done great with digital assets and Quit Swap and Ghost Train and it’s just been dedicated my life to this. I spend every hour of every day. I’m listening to a podcast. If I’m not on a podcast or working or whatever, I’m cooking, if I’m cleaning, if I’m jogging, if I’m at the gym, everything I do when I’m in the shower, I’m always listening to some kind of content about crypto, whether it’s an audiobook or a podcast.
00:29:32:01 – 00:29:53:18
Roc Zacharias: And so I really suggest that people do that and like really take this seriously. This, this is the future and there’s no other industry in the world that’s so exciting and that also has the most potential for profit too. So like the great thing about crypto is that we’re changing the world, but we’re also making a lot of money doing it, which is a cool combination.
00:29:54:17 – 00:29:57:24
Richard Carthon: Yeah, I definitely see a fun double whammy. I think there’s a.
00:29:57:26 – 00:29:59:21
Roc Zacharias: Two an eyelash.
00:30:01:08 – 00:30:38:02
Richard Carthon: No worries. Carlos, listen in. Just a just a reminder that we do record this over on YouTube. So if you want to come over and watch the interview and some of our interviews, I’m definitely going to do that. But Brock definitely just left some really good nuggets again, which is exit strategies as it relates to your alts that you invest in. At what threshold If you start to make a certain amount of return, do you pull some profit? And then once you take some of that profit, what do you reinvest that into? And then the second is just to spend the time, they say, to be an expert in something.
00:30:38:04 – 00:30:55:21
Richard Carthon: It’s been 10000 hours and so clearly is doing that between listening to content constantly and being a part of this space. So I think those are two really good nuggets. But Rock, as we wrap up here, what is the final thought that you want to leave with each and every listener here today?
00:30:59:24 – 00:31:13:24
Roc Zacharias: Yeah. Just hang in there with the bear market. Don’t worry so much about it. This is such a great time. If you can work in this industry in whatever way. I often tell people, start with like join an ambassador program. A quick swap has an ambassador program,
00:31:15:09 – 00:31:46:11
Roc Zacharias: a lot of products have ambassador programs. So just go and start meeting people in the industry, be in Telegram, in Discord, be on Reddit, learn a skill, maybe graphic design or writing articles or whatever you’re good at. Just try to find a way to get into this industry. Like whenever you do get in, get work in the industry, like don’t just buy crypto but earn your crypto. Yeah, I think I actually think I’m maybe a little contrary to what a lot of people are thinking right now.
00:31:46:13 – 00:32:05:14
Roc Zacharias: So obviously like global macro outlook is really bad right now. It’s trade and inflation is not really getting better even though they’re raising the rates so much. So we’re probably going to have dark times ahead in the macro. But I think it’s important to zoom out and think about the contexts that.
00:32:07:21 – 00:32:50:13
Roc Zacharias: Well, you know, everyone’s worried about if we raise rates and and start doing quantitative tightening and all these things, it’s going to be bad for risk on assets like crypto, really for all assets. Right. But really, this is what we were waiting for. We were waiting for the global financial system to implode. And it’s happening right here in front of us. In a lot of ways. It’s showing cracks and cracks in the armor. And so if this is the solution and Bitcoin is the solution and defi in theory all this is the solution, then if the world is imploding and the financial systems are crumbling, then really these things should.
00:32:50:15 – 00:33:23:17
Roc Zacharias: This is rocket fuel for bitcoin. This is what we needed. You know, I don’t want to wish, you know, the markets to go bad on anyone because there’s a lot of pain that will happen in the midst of all this. But this is really what kind of needs to happen in some ways for people to understand why Bitcoin matters to matter so much. We don’t need some central people like planning the economy for us. It’s pretty obvious if you look back in history like communism and socialism doesn’t work very well, like central planning doesn’t work.
00:33:23:19 – 00:34:01:26
Roc Zacharias: So why are we still doing central planning with money? Why? Why did the government control money? In every transaction there’s like a commodity or the service that you’re buying and then there’s the money you’re buying it with. So we have a free market kind of for one half the commodity and services side and then but the money side is controlled by government and they inflated away and do all this stuff and that distorts the market signals, makes a lot more noise in the system. So we have the solution right here in front of us. I am maybe a little different than other people in the opinion that maybe we’re closer to the end of this bear market than people think.
00:34:02:07 – 00:34:18:00
Roc Zacharias: I know it seems very bleak and bad right now, but if this is the solution, then worse things get in the financial markets. Then more likely people start to realize that this is the solution. Unfortunately, you know, there’s the quote The market can remain
00:34:19:18 – 00:34:53:21
Roc Zacharias: irrational longer than you can remain solvent. So, like then, will people realize that this is the solution, you know, before it hurts? You know, can people take the pain of this bear market long enough that until the point where people realize this is the solution? So, yeah, just hold don’t get too scared. I think most people holding now are not going to sell. It’s like if you’ve been through this much you’re holding at this point, I hope. But yeah, hang in there. It’s going to get better. I don’t know how long it’ll take, but this is the future, so it’ll all get better.
00:34:54:24 – 00:35:01:03
Richard Carthon: This is the future here to here. And this is a guy who has experienced multiple bear markets. So go back. Listen to that a few times.
00:35:01:15 – 00:35:02:09
Richard Carthon: This is a third.
00:35:03:11 – 00:35:23:04
Richard Carthon: Third bear market. So you heard it from someone who’s endured before. But again, Rock, thank you so much for spending some time with us. For all those who were listening, go to those Shane Dot dog to get more information. You also can find out their socials and everything else on that website, and we’ll make sure to share everything in the show notes as well. But again.
00:35:24:12 – 00:35:56:14
Roc Zacharias: If you have a doge, I’ll throw one more thing. If you have doge, you can get free doge chain tote DC token. So we did a big airdrop early on for people who are bridging their doge over, so you bridge your doge to use it as gas or on dex etc.. So we did a big airdrop there. People got like eight times the amount they bridged over so and they didn’t have to pay anything. They just got it for free. But now we’re going to have additional doge like airdrop type stuff in the future. So bridge your doge over, come play with it.
00:35:56:23 – 00:36:13:04
Roc Zacharias: Same as polygon uses. Metamask just like a theory. So bring your doge over, play with it and then you’ll be eligible to get to these airdrops. So we join you and we’re giving away a couple more. At least one Tesla Teslas.
00:36:13:25 – 00:36:22:12
Richard Carthon: So you can get a Tesla and you can get a free airdrop if you already owns and Doge. So make sure you go check it out. And again, Rock, thanks so much for spending time with us and for everyone listening. Stay crypto.
00:36:24:28 – 00:36:48:14
Richard Carthon: Thank you for joining us for another episode of Cryptocurrency. Cryptocurrency is a cryptocurrency and blockchain education platform is bridging the gap between curious newcomers for just discovering the space and the thought leaders who are shaping its future. All opinions expressed by Richard Carthon on the Crypto Current and their guests on this show are exclusively their own opinions. This show and any other crypto firm production is exclusively for informational purposes.
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