Wayne Marcel on Simplifying Web3 Identity Management with FIO Protocol’s Crypto Handles (Episode 301)
Wayne Marcel joins us to discuss simplifying Web3 identity management with FIO Protocol’s crypto handles.
Wayne has been managing, teaching, and coaching high performing teams for over 20 years. Several years ago his passion for helping and teaching people was merged with his passion for technology as he learned more about cryptocurrency and blockchain projects. Digging deep and learning about the issues with the current legacy financial systems solidified his passion for cryptocurrency and all things related to it. Also, with many predators taking advantage of people with fake cryptocurrency scams and high cost-low value education programs, he decided to make my sole focus around educating and coaching others.
He realized the road to mass adoption must travel through education and user friendly platforms. He also realized over many years of coaching others that education without proper mindset and personal development coaching doesn’t lead to desired results. Through our strategic partners and personalized 1-on-1 coaching and education program, Wayne will give you the right tools and mindset needed to make the right decisions in this space.
Want more resources around this podcast? Keep up to date on the latest articles here.
The following transcript was created using artificial intelligence. There will be some grammatical errors below.
00:00:04:07 – 00:00:38:26
Richard Carthon: Thank you for joining us for another episode of Cryptocurrency. Just one quick reminder. Cryptocurrency is a cryptocurrency and blockchain education platform that’s bridging the gap between the curious newcomers who are just discovering the space and the thought leaders who are shaping its future. All opinions expressed by Richard Carson, the crypto current 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 a financial advice. This show and any other crypto current production is exclusively for informational purposes.
00:01:18:02 – 00:01:41:15
Richard Carthon: What’s up, everyone? Welcome to another episode of Crypto Current. Your host here, Richard Carthon. And today I have a very special guest that is a repeat guest. A lot of you know him as Mr. Blockchain, Wayne, but today he’s going to be covering a couple of other new projects that he’s working on. I’m really excited for it. We’ve had him on multiple projects. The very first episode that we released was back in all of 2018, back when we were gearing up for
00:01:43:00 – 00:02:14:23
Richard Carthon: the cryptocurrency conference that was in New Orleans. And since then, you know, one of the things that we covered in there was something like NFT, as in like just seeing how far it’s come since then. And then, you know, as recent as an episode that we did about a year ago, getting ready for the Miami crypto experience and have a lot of coverage with that. We’ve had Wayne on a tremendous amount of really, really cool episodes, giving a ton of great info going back to Episode 173. So without further ado, Mr.
00:02:14:25 – 00:02:16:10
Richard Carthon: Blockchain Wayne, how you doing today?
00:02:16:27 – 00:02:26:15
Wayne Marcel: Hey, you’re doing great, man. Thanks for having me back on. Exciting to be back and talk about new stuff and some of the things we talked about back then that have that have happened since.
00:02:27:16 – 00:03:07:24
Richard Carthon: Oh, for sure, man. I mean, look, we we have been in this space just as as friends for the last four years. And just to see how much development has happened in those four years is pretty substantial. And I just always remember you putting me on to a ton of things, like super early. Like, I remember you’re one of the first people to you told me about the Exodus wallet. You’re like, Look, I created an app to download this app, and I’ll send you one of them. And that was like one that, like the second NFT I ever owned. It’s just really cool to see how much the space of evolved in and how you’ve continuously, like, been one of the first people to explore a lot of these nfts and other projects.
00:03:08:17 – 00:03:32:18
Wayne Marcel: Yeah, man, it’s exciting. I’ve always been the type of person that’s been in the new stuff. So when I see, you know, stuff that has potential to be not just cutting edge but really change things or really show a lot more utility in the space in this whole cryptocurrency blockchain ecosystem. And it’s so exciting. I like to be a first for sure. These are at least early and it’s not fair, right?
00:03:33:03 – 00:03:39:29
Richard Carthon: Oh, absolutely, man. And for all those who are new hearing about you for the first time, give us just a little bit of a background on yourself.
00:03:40:22 – 00:04:14:10
Wayne Marcel: Yeah. So my crypto background I started actually it was early 2018, end of 2017. Kind of coined the nickname Blockchain. Wayne sounded good and I wanted to start podcasting, so I started podcasting in 2018 and released a little Beginner’s Guide book on Amazon called From No Crypto to No Crypto. It’s from a.k.a. W, it was just a little short 40 page guide getting started because I realized there was a lot of there’s a big gap in understanding of how the space actually works.
00:04:15:06 – 00:04:45:21
Wayne Marcel: So I wanted to give people understanding. I started podcasting in 2018. I started also hitting up some meetups and stuff, and that’s kind of how we kind of had a mutual friend that told me, Hey, we need, you know, I need to connect with Rich. Or I was in New Orleans. I was in a town about 40 miles away. So so we met up. And since then we’ve both been on this journey of education. And that’s where I’ve been. And I really started initially going from working with people one on one to figuring out how to make a bigger impact. You only have so much time to where you can go to somebody one on one to crypto.
00:04:46:09 – 00:05:30:14
Wayne Marcel: So I started partnering with projects that I liked that were doing something unique or interesting, or are pushing the space forward and helping them with their content needs, with their educational stuff. Just anything we could do because there is a need for educate and the right education you can trust, right? If it’s coming from a company or a project, you know you can trust it, especially if it’s not a YouTuber just trying to shill certain crypto so people can buy it and the price will go up. So that that’s really what I started working on that led me to where I am today to where, you know, just last month I’ve been in a long term career outside of crypto for over 20 years and put in my notice last week and some people thought I was crazy leaving my job, leaving a steady job.
00:05:30:16 – 00:05:44:26
Wayne Marcel: I’ve got, you know, I’ve got four kids and a wife so family of six to support leaving in a bear market and I’m like, hey, if I can do it now, then you know, that means that this is this is the real deal and it can happen. And I was excited to hear it. You you did yours right before that, right?
00:05:45:10 – 00:06:18:09
Richard Carthon: Yeah. I mean, I was going to and I’m glad you brought it up, man. It’s cool to be able to get to a place where we have been so bullish on the space and have been building our own brands and working with amazing companies to get to a point where we could go at this full time. And yes, there’s a risk with that. There’s there’s all kinds of things that go along with this. But from a timing standpoint, we’ve both experienced a bear market. We’ve been there, we’ve done that, and we’re experiencing it right now. And we know that basically, as long as we can survive this period and get back to bullishness, we should be set.
00:06:18:15 – 00:06:37:15
Richard Carthon: And if you’re going to take a risk, now’s the time to do it, because again, you survive this. You should be driving into the sunset, if you will. So, I mean, what was that moment for you when you realized, okay, I know this is risky. I’ve got a family of six to take care of. I feel great. I’m doing it. I’m going for it.
00:06:39:01 – 00:07:16:10
Wayne Marcel: I mean, it was it’s been a dream for a long time. But actually about a year ago, July of last year, I started to put things in place and I started building this nest egg of, okay, I need a cushion. I need to be able to say I’m going to take the risk. But if something happens, I’ve got something, I’ve got, you know, enough funds to fall back on. So July of last year really started building that out, you know, more than just stacking and holding in general, but a separate amount for, okay, this is my fallback fund in case something happens because I realize the opportunity cost.
00:07:16:12 – 00:07:52:00
Wayne Marcel: The longer we wait, we’re going to miss out on opportunities to really participate in projects that are early. And one thing I learned in 2018, because that was when January 2018, when the markets really started to crash and things started going down. I was in a point where I’d already had a pretty solid belief in crypto, but I was concerned, all right, I needed to build some belief. So I started going to events. And the good thing about events during a bear market is that’s when the builders show up. You go there in a bull market when everything’s hype and it’s nothing about a hype and all these projects that are not really doing anything substantial.
00:07:52:28 – 00:08:33:12
Wayne Marcel: Because I’ve got money in a bull market or just throwing things around. Whereas in a bear market you can truly meet the people in the projects that are doing something substantial. And that’s really what’s happening right now. You know, you’ve got some companies, unfortunately, that are folding that are that are that are going under or laying off people. But you’ve got projects that are truly pushing forward with the innovation, and that’s what’s going to happen. And what you do now is going to determine that you know, how well you do in the future. So being able to partner myself with a couple of projects, one, my main, you know, main, you know, I guess you could say main job right now is, is a project that I’m very passionate about because it makes using all cryptocurrency easier.
00:08:33:14 – 00:08:50:07
Wayne Marcel: So being able to participate early in that is, is substantial and everybody’s going to want to jump on the bandwagon when the bull markets back in the market’s hot. But now is a time when, you know, you can really, you know, set a good foundation for sure.
00:08:50:09 – 00:09:19:05
Richard Carthon: And as the foundations being set up, one of the ways that you were able to make that transition into full time crypto was actually through a foundation. So the foundation of inter wallet operations, a.k.a. FEO, so feels all about making crypto products easier so anyone can use them. Can you just give us a little bit more information about, you know, what are ways that people who we’ve never heard of feel can come in and get into this ecosystem and learn more about what you’ll have building?
00:09:19:21 – 00:10:04:27
Wayne Marcel: Yeah. So what we do, Mat, is it makes it to where using cryptocurrency is familiar. If anybody on here is listening, if you’ve sent or received crypto, you know the stress that can have it for. Make sure that I send it to the right address. You’ve got to copy and paste that long string address and hopefully you send it to the right address. And when you paste it, you don’t accidentally change a number or something because you know, if you do, you mess up, it could be gone. Those funds are just gone forever. And now that the compounding error, you know, issue is now it’s are you even sending on the right chain? Because there’s there’s cryptocurrencies that are on multiple chains and you want one exchange, you may be sending it from a support on one chain and the other one support another chain and not realizing.
00:10:04:29 – 00:10:35:08
Wayne Marcel: And that as well could cause some headaches and issues. And with new users, it makes it hard even. I mean, you and I have been in around for a while. I’ve been in the space over five years, almost six years now. And even while we’re doing our events and stuff and having to pay some vendors and crypto, it was nerve racking when I need to send a large payment and the, the, get the, the failsafe for that right now. Okay. Send a test payment of a few bucks that works, then send the rest. Well, Crypto’s not designed for that. I mean, it needs to be easy, seamless.
00:10:35:17 – 00:11:09:11
Wayne Marcel: And that’s what happened with technology adoption, with the Internet. As the interfaces got easier, more people adopted it because it wasn’t as hard and complicated. That’s what’s going to happen with crypto. So we we allow we are a layer one blockchain that maps to wallet addresses so you can map your wallet address for every single crypto that maybe a wallet supports to one single what we call a field crypto handle. It’s in the format at username and domain, so you can also purchase custom domains that could either be your company like cryptocurrency so it could be rich or a cryptocurrency could be your business
00:11:11:03 – 00:11:43:01
Wayne Marcel: crypto handle. Then you can have people send crypto to. So the beauty of that is when you go to type it in, if you type it wrong, it won’t allow you to send it. If you type it right and there’s not have that same say, I’m trying to send you bitcoin and you don’t have a bitcoin address mapped to your feel crypto handle. It won’t let me send it because it tells me there’s not a valid map address. So it things that change. So it’s almost like a blockchain based API. I call I tell people similar to the DNS layer on websites, when you go to a website, there’s an IP address in the background that most of us never see. We don’t really care what it is now, but it’s still there.
00:11:43:09 – 00:11:59:29
Wayne Marcel: And but what you see is that w ww dot whatever website that’s in there. So what this allows you to do is it’s the same concept, those wallet addresses, those long ones are still in the background, but all you see is that easy, simple interface that makes it sending crypto as easy as sending an email.
00:12:01:15 – 00:12:37:14
Wayne Marcel: So you come out while address of that. So that’s our main feature is the domains and the crypto handles. But with that, we also allow people a familiar process. If you’ve ever requested money from someone like on PayPal or Venmo, we have a similar concept with feature request on our chain too, where like, say, Richard, you wanted to request a payment of Etherium from me. You can send a feeler request if you’re using a feo enabled wallet to me and then all I have to do instead of needing to get your wallet, address and copy and paste or even type anything in, I get the request in my wallet, I open it up and I approve the request and it’s automatically paid to you.
00:12:39:17 – 00:13:18:28
Wayne Marcel: That’s been used for. Yeah, it’s been used for similar for requests. People compare it to pay pile on Venmo, which is why I use that comparison all the time. We even had a payment provider recently integrate their request into the checkout feature. So if you’re paying with crypto. You can choose to pay with the fare request and the shopper will type in their own crypto handle. So I did a demo and I typed in my crypto handle to pay for my cart and then it popped up in my wallet on my phone. I proved that as soon as I did that, my cart was paid for. It was actually easier than even paying with a credit card and that’s what we need for user interface is not a cool thing about those crypto handles is getting into the NFT space and you know how much I love NFT is.
00:13:19:00 – 00:13:20:27
Wayne Marcel: I mean, we talked about NFT that first time we met.
00:13:23:00 – 00:13:59:24
Wayne Marcel: It allows you as a creator, whether you’re an individual, an artist, a brand, a company that’s creating nfts you can use a crypto handle there that you make public to map what’s called a Theo NFT signature to an NFT you’ve created. So down the road, if someone knows that, hey, so your crypto handle is Richard at Cawthon, which you can do. I’ve done my last name as well, so Wayne Marcel. But say Richard that Cawthon you’re making enough Nfts few years down the road, someone’s not buying the NFT directly from you. They’re buying it on a secondary market. If someone wants to make sure that it’s authentic and not just a copy, someone could steal an image or whatever metadata you put on NFT and mint on a different platform.
00:13:59:26 – 00:14:34:05
Wayne Marcel: It’s a fake. It’s a forgery. So I can easily go to the feo nft validator tool and see that. Hey, this this NFT was created by Richard at Carthage. So it’s authentic. So it gives, it gives buyers down the road the confidence that they’re buying an original NFT. You may think, what does that really matter for an image? Well, a lot of times with an NFT now you’re not buying just an image or a video. You’re actually buying a membership or some kind of reward. There’s a lot of utility being added to TS. Imagine an NFT that represents ownership in a company, which I kind of thought you gave build inside of something that we launched recently.
00:14:34:27 – 00:15:09:25
Wayne Marcel: So imagine that you want to make sure that NFT is authentic, right? That you truly own those shares and not just a fake NFT that was created by a malicious individual. So a lot of cool things happening with that. I always recommend people if you want to get a full a full experience of the feel features from the crypto handle to the sending the request. The edge wallet has our fullest integration of of video features. You can download that you can create a free crypto handle using the edge domain so you can make if it’s available like Richard at Edge or you can also purchase your own domains.
00:15:09:27 – 00:15:31:15
Wayne Marcel: I’ve got a few in there that I’ve snagged, one for business, one for personal, and then you can make crypto handles off of that. And I’ll say, Richard, so you make cryptocurrency a cryptocurrency domain and you decide to you decide to make it, but you can make it public to our any users, any users that want to have a cryptocurrency crypto handle can use that as well.
00:15:33:23 – 00:15:35:22
Wayne Marcel: So those are options. Those are the options.
00:15:36:00 – 00:16:17:04
Richard Carthon: Man. There’s it’s pretty robust, the amount of different directions that you can use with this. So the first thing that kind of came to my mind that I’m sure it’s something people who are in the space are familiar with is like, you know, eons, right? Ethereum name services. So the only challenge with that is unless you are only sending something from the Ethereum blockchain, yeah, you can still send money to the shortened version, but if you send Bitcoin, if you send Oasis, if you send whatever to this and it’s not in a erc20 form, you just lost your money. So what’s cool about FIU being able to have your own name, but let’s say Richard at Pathan now if you tried to send me Bitcoin, if you try to send me Polygon, if you try to send me Solana, etc.
00:16:17:12 – 00:16:54:26
Richard Carthon: if you try to send it, it won’t let you. And like the fact that you’ve already put something in place like that, if I don’t have it set up already and it’ll just not even go through, is the biggest piece of mind ever. I know personally, with any transaction that I currently do, I always send the smallest amount possible first and then send the rest. And like you said, that’s inefficient. You’re spending more way than you have to. And it’s. It’s not really building the confidence that for new users they want to have coming in, not having to worry about that. So I see that as being very useful, even being able to track back, you know, something like an NFT, being able to see where it originated and ultimately where it went.
00:16:54:28 – 00:17:25:00
Richard Carthon: But the other feature that I like a lot that you just said is kind of like the the crypto, Venmo, PayPal, where I can send you money request or and you can pay me back and I get like notifications all through the app. I think that is really cool and I think it’s one of the first ones that I’ve heard in this space that allows you to do that, because a lot of people who are trying to get paid in crypto and they don’t necessarily have a way to send your request other than like the way I get requests these days is they literally just send me an address and then say this much, please.
00:17:25:02 – 00:17:25:17
Richard Carthon: Right.
00:17:25:19 – 00:17:42:09
Wayne Marcel: And yeah, you know, what makes it worse is when they they include other information, like other text in that message they send you because then you got to copy and paste the whole thing and then like just delete what else they sent you. It’s a clunky process and it, you know, this, this will make it easier,
00:17:43:26 – 00:18:01:04
Wayne Marcel: you know, and it’s, it’s you can even reference an invoice. So if you’re using an invoicing tool, you can reference an invoice because you can add a little bit of data as to why you’re sending that request. So if I if you send me a request, you can reference invoice one, two, three, four. And it you know, it makes it makes it simple.
00:18:02:01 – 00:18:16:09
Richard Carthon: Which is amazing. And so someone’s listening to this right now. They’re like, Man, this sounds really cool. I want to get involved. Let’s say, how can someone who who’s hearing this come in and set this up? So, of course they can go to no feel protocol that I know. And then like what are the next steps from there?
00:18:16:26 – 00:18:54:28
Wayne Marcel: Yeah. So if you go to field of field protocol dot IO, there’s a tab in there for users ecosystem and it shows our full ecosystem of current projects that have integrated field protocol or that are integrating and working on integration. Right now, the ones that are highlighted that are bordered in green, those are active. Now, I always like to recommend the edge wallet because that is one of the easiest ones to utilize as far as to see the full list of features. The other thing you can do in the Edge wallet is you can stake directly from the edge wallet where a proof of stake chain so users can participate in governance and stake their tokens on there as well.
00:18:55:24 – 00:19:34:25
Wayne Marcel: So you can earn a reward while you participate in government governance on the chain. So while it’s easy, but there’s a lot of other ones in there and there’s many more to come we’ve even got. We’ve even just recently launched a FEO dashboard within there that allows you to, even if you’re using a wallet, that’s not feel enabled yet, say, I want to use my Metamask wallet and Theo is not enabled in Metamask yet you can go to the dashboard and you can map your Metamask wallet address as one time. So now if somebody wants to send you crypto and they’re using a wallet that’s enabled what’s called fee or send ability to send to a crypto handle, which is a simple way before I call, it’s the easiest integration that we have.
00:19:35:18 – 00:20:05:19
Wayne Marcel: They can just type in that crypto handle. I send it to you and it’ll direct it to your Metamask is one of the things the Fio chain, it’s got a wallet address map to that that goes to to there. So it’s kind of a workaround as we get more and more wallets and exchanges and now NFT marketplaces to integrate anybody, you know, anybody can map any wallet to it. So my cold storage wallet that I use, you know, if if I can map crypto handles to that to where if I want to send it.
00:20:06:00 – 00:20:40:02
Wayne Marcel: So say I’ve got it on my edge wallet, which is a mobile wallet, kind of like a hot wallet that’s connected. I want to send it to cold storage. I can let just go into my edge wallet type in whatever crypto handle I map to that cold storage wallet and send it without ever even having to check to say okay did it get there, you know, sweat while I’m waiting. You know, earlier this year, man, I had to make a $10,000 USD payment for a business we were doing and they weren’t using feel heard the handles and I had to send a test send and you know at the time Ethereum gas fees it was $70 first per transaction for gas fee.
00:20:40:04 – 00:21:14:27
Wayne Marcel: So I spent $140 in gas fees just because I had to send a test transaction before I sent the full amount. It’s just it’s not feasible in business and that’s not going to make Non-crypto people want to jump in and learn what you reduce. Friction is going to get easier for everybody to use. So that’s one thing, one thing I love about it and one thing that’s really cool. So I’ve always also felt on if you feel the same way, Richard, that a big, big piece that’s going to drive cryptocurrency adoption is going to be in the gaming space. Now we’re actually working with quite a few games right now and also our dev team.
00:21:14:29 – 00:21:36:26
Wayne Marcel: We’ve got all set up to make it easier to imagine those crypto handles being used as gamer tags in blockchain based gaming where they’re getting paid in crypto and you can easily transfer NFT assets. So if I want to send you a weapon in a game, I can send it to Richard at Cawthon or whatever your gamertag is to that. So there’s a lot of potential when it comes to this. That’s pretty cool
00:21:38:18 – 00:22:12:22
Wayne Marcel: and that’s going to help. You know, existing crypto people some people have been in a while may may say I don’t really see a need for that, but they’re not thinking about the new users. We’re trying to onboard gamers from Web two to Web three that they’re not used to accepting crypto, but when they get acclimated to that, they may love that. And then they can set up that same crypto handle instead of paying a premium like what, 20 to 40% to twitch to stream on the platform. They can throw up a crypto handle and people can make crypto donations or tips to them that are watching them stream all day without having to pay a basically an intermediary, which is the whole point of crypto.
00:22:12:24 – 00:22:21:02
Wayne Marcel: Right. We don’t we don’t want to pay intermediaries anymore. What about to do business, you know, peer to peer. And so the easier we can make that, the better.
00:22:22:03 – 00:22:35:05
Richard Carthon: Absolutely. And y’all are putting a lot of things in place to do that, so much so that you even recently launched a product that I think is pretty unique called called Raise. Can you tell everyone more about that?
00:22:35:22 – 00:23:14:03
Wayne Marcel: Yeah. So Raise is a project that I’m an advisor on. It’s raised finance, RACV and what Raise is, it’s a software platform that allows, say, companies that want to come in and raise capital. They typically you still have to follow whatever regulatory framework you depending on where you are, right. If you’re in the US so you want to raise less than 5 million annually, you have to you know, maybe you file for a wragby raise, so you start to follow those guidelines. But it allows those those businesses and companies and individuals even to come in to our platform and deploy in fees that represent whatever they are doing to raise capital.
00:23:14:05 – 00:23:45:20
Wayne Marcel: So if they’re doing a equity share raise, then they can create entities that represent equity share. So they’re doing a raise where it represents revenue share. Then they can signify that with the NFT, even to the point of maybe they’re not selling a, you know, even an equity around share, but maybe their business model has memberships and they can sell membership tokens, deploy membership tokens on our platform. And then those same companies can use our platform to deploy founders tokens, advisor tokens for people that are involved early in the project.
00:23:45:22 – 00:24:24:01
Wayne Marcel: They get a they get a share either based on their early investment or being a founder of the company or being an advisor in the company. And you can deploy those easily on a on our platform. And what’s cool is even an individual. So we did a scenario when I was I was in Orlando with Bryan, who’s the founder of Raised, and we were talking to a friend of mine, Elmer, and Elmer was wanting to do more video content. And and and especially in Spanish, she feels there’s a bigger need for a lot more Spanish content, educational content. So Brian gave him the scenario, Hey, say you want to raise ten grand for new video equipment and to launch your channel and to get education going.
00:24:24:24 – 00:24:55:02
Wayne Marcel: You can sell membership tokens, say you sell 100 membership tokens at 100 bucks. Then you can give special access to those membership token holders. So where maybe they get either early access to your content or exclusive content that you don’t get, that you don’t put out to the public. And that’s what their membership token is. So 100 tokens for 100 bucks is easily raised. That ten grand that he needs for that that equipment and able to give something to your members.
00:24:55:04 – 00:25:33:16
Wayne Marcel: So it’s a pretty cool platform. You know, I mean, even in 2018, I was talking about NFT utility, like how, how can they signify things? And that’s what’s really going to drive nfts. You know, most people look at board a yacht club and they think it it’s just a silly picture of a cartoon. Eight. But that’s not why people buy and that’s not why it’s so valuable. It’s because of the community they created. They’ve got a private chat that’s only available to them. And, you know, I’ve been to events and I think every town I’ve been to an event in, in the last four or five months, there’s about one point there’s been some exclusive event where you either had to be on the short list or, you know, somebody’s putting the event on or you had to be an NFT holder of a board, a yacht club or or a crypto pop.
00:25:34:00 – 00:26:07:08
Wayne Marcel: Those nfts look silly. They’re only going to have much to them. But they actually they do signify more utility. And that’s what we’re going to see more and more utility within NFTS. So when I got asked to be an advisor on the Rays project, I fell in love with it just because it’s truly adding utility NFT. And it’s also going to change the perception of how people think about NFT. It’s not just a silly cartoon profile picture. This is something that can signify and solve a problem because what do you truly have if you invest in a company that’s a startup? You may get a certificate paper from them.
00:26:07:21 – 00:26:10:25
Wayne Marcel: Looks authentic, but imagine having something blockchain proof of ownership.
00:26:12:07 – 00:26:45:02
Richard Carthon: Oh, for sure. And then just having access to the liquidity along the way. Right. So in your traditional raise, let’s say that you are an angel investor and let’s say they go on to do like the, you know, their series A or series B before they go public. The way that you typically can get your money out is that you can share some of those shares back to depending on how the contract is written back to either the owners or whomever. It’s not really to newer people with something like this. If you’re one of the first hundred people that bought the hundred membership tokens and then all of a sudden it becomes like an alpha group, it becomes super valuable.
00:26:45:04 – 00:27:08:09
Richard Carthon: Now, like instead of it being worth $100, each of these are worth a thousand, you know, you just ten extra money. And if you want to get out now, you can and you’ve just made a profit. So it just it allows for more flexibility. And for the owner of the people who are investing to have flexibility with how they they are utilizing this NFT that they’re getting in and in receipt of that ownership.
00:27:11:09 – 00:27:42:16
Richard Carthon: So with that, you know, you have always got a lot going on. There’s there’s been so much that has happened in the year of of 20 to 2022. We’ve gone from a very bullish year and a half from 2020 all the way to the end of, let’s call it November of 2021. And for a lot of people, when this is their first bear market, they’ve never had to experience this, not only the experiences and in the regular crypto market, but they’re also experiencing a bear NFT market. Just bearish all things crypto blockchain.
00:27:43:04 – 00:27:51:22
Richard Carthon: What are 2 to 3 pieces of advice that you would give these people that you wish you had back in the last bear market when we first got it?
00:27:52:04 – 00:28:25:25
Richard Carthon: Yeah, I mean, that’s a great question. And the first thing you got to you have to do for me, I told you in 2018, I needed to build some belief. So I went to event. So if you can, you don’t necessarily have to go to large events. There’s a lot of events happening. There’s also a lot of meetups happening in individual towns. You can meet more people, learn about what’s happening in the space that will give you a better understanding of everything. The other thing, a lot of people in your first bear market, if you got in there in a bull market, you bought stuff and you’re still holding it and it’s it’s way down. You want to evaluate each one of those and don’t go off of what the media is saying.
00:28:25:29 – 00:28:57:21
Richard Carthon: If I went over with the media was saying I dumped on Bitcoin a long time ago. Right. So they said it’s dead and you know, year after year after year. But you really have to evaluate what are you holding? If you’re holding some meme coin that doesn’t look like it really has much utility is not going to come back then. Do you take do you sell that and put it into something, a project that you have more belief in that adds more utility? I remember I said bear market is where are you going to see builders emerging? You see projects evolve, you know, because that’s truly what’s happening.
00:28:58:01 – 00:29:36:07
Richard Carthon: There’s there’s you know, they’re a bull market. Anybody can come in and launch a, you know, a launch, a meme coin and have it go up to like $1,000,000,000 market cap. And then they have funds to do with whatever. But if they’re not doing it and also on the same token, if they’re doing something meaningful with those funds and developing, that may be something you still believe in, but you’ve got to be able to make those decisions because nobody can make an investment decision for you. It’s only up to you. But dig, dig in and really get into learning education. I mean, you listen to this podcast, so you’ve got an understanding of of you need to get some education, but also find those sources to where you can learn more about crypto, learn about how it’s being utilized
00:29:37:27 – 00:30:09:29
Wayne Marcel: and just tune off what the mainstream media is going to tell you. Bitcoin is dead and it’s never coming back. That’s what they said then in 2018. They said in 2015, they said it in 2011. I mean, it’s this has happened time and time again. This is nothing new. But what continues to happen, no matter what they’re saying, is innovation in the space continues to evolve. And there are certain things that that hat that are created that lead to other other creation. Right. None of this in the space would have happened if Bitcoin wouldn’t have started back when it did. So each thing is an evolution that continues to grow.
00:30:10:14 – 00:30:44:07
Wayne Marcel: So dig in and learn and understand what’s going on and position yourself. Also realize look at what happens just in traditional markets. The right decisions now can really make a huge impact, a lot bigger impact. I always reference to the 2008 market crash, like when the 2008 recession hit. Their everything was crashing. Real estate, stocks, everything. Who do you think came out better out of that scenario? Those that that did their research and invested in and invested while everybody else was panicking and the market was down and everybody thought it was dead and not coming back.
00:30:44:22 – 00:31:16:02
Wayne Marcel: Are the people that waited for the market to start to show signs of life that it was coming back and when they started climbing back up, then they jumped in. Do you think they had better? The problem is, we all we all know common sense tells you it’s the one that got in when the market was crashing. But sometimes emotions override common sense and you can’t let your emotions, oh, my God, what’s going to happen? For me, my belief in Bitcoin in general and a few other cryptocurrencies so solid that it doesn’t matter to me, you know, have we hit the bottom? I don’t know. And I don’t really care because I bought some Bitcoin recently when it went under 20,000.
00:31:16:04 – 00:31:18:25
Wayne Marcel: Guess what happens if it dips lower than that? You know what I’m hearing.
00:31:19:00 – 00:31:19:15
Richard Carthon: More.
00:31:20:08 – 00:31:50:14
Wayne Marcel: And more, right? I’m going to accumulate that dollar cost. Average strategy for me has paid off. I set a recurring buy for Bitcoin back in January 2017. Every week without fail. I’ve bought $50 worth of bitcoin and that’s still setup. It’s automated. Right now I still buy some more our sell depending on what’s happening in the market. I do trade some, but that particular strategy has been probably the most successful because it doesn’t matter what the market is doing. I’m just accumulating because I understand how hard money works.
00:31:50:16 – 00:32:21:11
Wayne Marcel: Hard money means there’s a fixed amount of what’s coming. Is your dollar hard money? No, it’s not. Your dollar is good. They can print more at will. So. And you’re saying that, David, more people are waking up. I’ve been talking about inflation for a long time, too. And finally, people are starting to wake up because we’re feeling impacts of it, unfortunately. But you’re starting to see how drastic it is. Whereas if you’re working a job and you’ve got a 3% pay increase last year, then you’re in the hole because guess what? Inflation is 0.1%.
00:32:21:24 – 00:33:10:23
Wayne Marcel: Right. So unless you got more than a 10% raise over the last year, you’re not even outpacing inflation. So you technically are losing money. That’s what happens with money that’s being in the bank. So for me, hard money, hard assets, there’s only so much property in the world, there’s only so much Bitcoin in the world, there’s only so much of certain things. And if demand is going up on something like that, like, you know, if Bitcoin, if demand for Bitcoin is going to continue to go up as more and more adoption happens and the supply is fixed and available, supply is declining, then, you know, now I don’t have to have an economics degree to tell me that that’s a good scenario to where I need to be positioning myself into something like that, versus if I’m just saving dollars in a bank that’s losing its value as purchasing power every year, $100 is still going to be $100 a year from now.
00:33:10:25 – 00:33:12:08
Wayne Marcel: But what will it buy you a year from now?
00:33:12:25 – 00:33:47:04
Wayne Marcel: Right. And you brought up a ton of great points there, especially for your newbies here. Educate yourself, see if you can attend real life events to keep building your conviction and get into things that you see a long term value in. And then outside of that, just looking at the going, experiencing your overall first bear market or even if this isn’t your first go around with wolves encouraging for me, going to consensus, going into NYC, going into those in live events like you were saying was there’s a ton of people who’ve been here and I’ve seen multiple bear markets.
00:33:47:06 – 00:34:19:07
Wayne Marcel: So we know, we know the dance, we know what it is. It’s usually a lot of the newer people who are a lot more like, What do I do now? Like, Well, you know, sky is falling, you know don’t don’t feed and get into all of this FUD fear, uncertainty, doubt and find people who can give you really good information, who can help you feel more informed, empowered and can drive you to help you make your own informed decisions. And with that, you know, when you’ve given us a lot of information, you’re giving us a lot of cool things to go learn more about between Theo and Res.
00:34:19:09 – 00:34:21:12
Wayne Marcel: But what is the final thought that you want to leave with everyone here?
00:34:23:13 – 00:34:54:11
Wayne Marcel: My final thought is always just to write, Never stop learning. If you’ve been in the space for ten years, ten months or 10 minutes, there’s always stuff you can learn. There’s always things you can do and make sure you’re getting it from the right sources and you’re not just listening to some YouTuber. I always look at people’s intentions if they’re telling you to buy or invest in something. Chances are that’s not the right it right advice that they’re telling you where to go, do research, how to do research, everything. That’s what you really want to listen to. But that’s going to pay dividends.
00:34:54:13 – 00:35:24:24
Wayne Marcel: You know, that’s going to really help you avoid a lot of this a lot of this FOMO that happens during a bull market where you people are throwing money at stuff without even understanding it. And then the fear that happens when markets come crashing down and realize that these are cycles and these cycles are accelerated in crypto because we’re an emerging technology. You don’t see these cycles in the stock market all the time and these cycles last 20 years instead of two, you know. So it’s and whether this one lasts another six months or are another two years,
00:35:26:13 – 00:35:59:09
Wayne Marcel: you know, there’s a lot of opportunity in the space. So look for the opportunity. And I tell people now, if you have a skill that’s marketable now, that would be a good time, that where you could even work for projects even on a part time basis and say you can help with content or blog writing or whatever, and you can get paid by, say, a certain cryptocurrency project that you believe in. Imagine getting paid in that crypto and just letting it sit and holding it. And then when the bull market comes back, you know what that value is going to be. And that’s what happened to me in 2019 with some of the projects I did work on.
00:35:59:11 – 00:36:12:21
Wayne Marcel: And when 2020 and 2021 hit, it was it was pretty good, you know, just because you can do that. So a lot of people would joke and say, buy the dip and you’ve got to make that decision yourself. But I tell people, why not earn the dip as well?
00:36:14:03 – 00:36:47:07
Richard Carthon: That’s a that’s a good one. I’m going to let blockchain Wayne have that phrase. You heard it here. First, earn the dip. So if you are working and into projects and ecosystems that make a lot of sense to you and you have a way to, you know, be able to get some crypto, whether it’s, you know, a stablecoin or their local currency or even one of the blue chips. If there’s a way that you can convert a piece, a portion of it, not all of it. If you want all that, great. If you just get a portion and you’re passionate about the project and what they’re doing that could yield a larger dividend than what you would have gotten.
00:36:47:09 – 00:37:29:00
Richard Carthon: So let’s say that you are just doing part time work and you’re making 100 bucks a week and you’re taking 10% of that into the local currency. And let’s say that we get on the other side, all of a sudden they have a ten X multiplier. Well, now that you just take in 10% of that, you basically made all of your money back and then some just doing that. So there are a lot of unique ways to have this ecosystem provide new. Paths of revenue for yourself, but it also helps you to get more embedded into the ecosystems, platforms, projects, teams and just overall belief of web3 and what it’s bringing to the overall space.
00:37:29:02 – 00:37:39:07
Richard Carthon: So I’m excited about it. Wayne. Always appreciate having you on the show. Always have really good conversations. What are ways that people can connect with you? Learn more about feel and learn more about rates.
00:37:40:03 – 00:38:00:00
Wayne Marcel: Yeah, best way to connect with me, which I’ve got to. I guess I got to challenge myself now before this thing goes live. I’ve got to update my website. But blockchain wired.com is is my site. Blockchain almost platforms so you can find me there, make sure it’s the real one. That is a bunch of fake ones out there.
00:38:02:07 – 00:38:33:22
Wayne Marcel: But that’s really how it feels. Feel protocol daddio the links on our social. So there you can find out. We make announcements when we have new integration partners, when we have new announcements, and also when we do some campaigns, we do a lot of campaigns, giveaways. Our people can follow that. So, you know, follow our social media platforms as well. And then the other one we mentioned on here, raise raised dot finance is is crazy about finances where you can learn more about raise and how that platform operates.
00:38:33:24 – 00:38:45:26
Wayne Marcel: And if you’re interested there, there’s a spot to contact us. If you’re looking to raise capital for a company or project, reach out to our team and they can advise, you know, help advise along that process how it works.
00:38:46:22 – 00:38:55:26
Wayne Marcel: Excellent. Well, you’ll have to hear first. You have a lot of ways to follow, Wayne. But again, Wayne, thank you so much. Spend some time with us and as always, stay prepared.
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