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3 Hours & 37 Minutes Of Richard Heart (Twitter Spaces)
Jul 6, 2022
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03:14:39
if they lose they're gonna socialize the
03:14:40
losses you're gonna get jacked if they
03:14:41
win you're not getting nothing
03:14:43
so it's a free call option for them so
03:14:45
like
03:14:46
i think the ideal stable is one that
03:14:48
just holds the [ __ ] money which i
03:14:49
think paxos does but like don't quote me
03:14:55
because it like
03:14:56
i mean it was a good thing to bring up
03:14:58
because like understanding those tables
03:15:01
i've just been thinking about it for a
03:15:03
while you're just forcing the stable
03:15:04
into a weird investment when they
03:15:05
already are doing other non-weird
03:15:07
investments and it's it's okay well like
03:15:09
you said earlier people until it's not
03:15:10
like if we find out that it's not okay
03:15:12
then that will suck you know like well
03:15:14
people like if usbc actually had like
03:15:16
luna on their [ __ ] and they didn't tell
03:15:17
anyone they'd be like correct well then
03:15:19
you're in trouble like paxos is all lbma
03:15:21
hallmark gold if we've got lbma hallmark
03:15:24
all that at a different but i think i
03:15:25
think paxton also has a product which
03:15:27
just literally holds the dollars and
03:15:28
shows full reserve so
03:15:31
please have here
03:15:33
a completely different one yeah they
03:15:35
have their own staple coin
03:15:37
i just i'm just looking for a way to get
03:15:38
away from fiat right so when men take
03:15:41
profits we're not well look man look
03:15:42
there's only one way out of fiat and
03:15:44
it's to have the non-stable actual stuff
03:15:48
right so in order to get away from fiat
03:15:50
you got to drop the
03:15:52
the stable which really just means tight
03:15:53
defeat
03:15:54
it's not actually stable at all it goes
03:15:56
down a volume
03:15:57
it goes down in value almost all the
03:15:59
time because dollars go down in value
03:16:00
almost all time
03:16:01
and so stable really means just goes
03:16:03
down about almost all the time which is
03:16:04
what i'm trying to get away from well
03:16:06
yeah so you just have to own [ __ ] that's
03:16:07
not stable like actual assets you know
03:16:11
right but look bro like i think having
03:16:13
stable and buying dip is probably uh
03:16:16
a successful strategy for a lot of folks
03:16:20
because you know some some shit's more
03:16:22
tax uh preferential than other [ __ ] you
03:16:24
know
03:16:25
for sure for sure all right thank you
03:16:27
very much man my pleasure stuff with you
03:16:29
is a freaking
03:16:31
it's a [ __ ] dream uh
03:16:34
funding jim
03:16:37
hey i just wanted to join in on that
03:16:38
small bit that small bit was true usd is
03:16:41
an escrow it's not it's a dollar that's
03:16:45
locked just like a bridge of fiat into
03:16:47
an erc20 it's called tusd so if you're
03:16:50
talking about stablecoin uh that one was
03:16:53
founded by stanford uh has you know a
03:16:55
lot of backing it's fully audited as far
03:16:57
as what's in its bank accounts
03:16:59
uh versus other things that might be you
03:17:01
know partially crypto backed or gold
03:17:03
backed or you know speculative
03:17:05
instruments so i just wanted to comment
03:17:06
about your usd
03:17:08
thanks man appreciate it
03:17:11
mr hart i'm happy so we're too freaking
03:17:14
uh i think you're a genius
03:17:16
thank you man
03:17:17
you know
03:17:18
your energy and whatnot everything's
03:17:20
dope
03:17:22
as a [ __ ] as a crypto head and one
03:17:24
night definitely appreciate your uh your
03:17:26
calls on the bottom
03:17:27
you know where we're headed in this bear
03:17:29
market regarding bitcoin right i called
03:17:31
it i called it right [ __ ]
03:17:33
didn't listen i'm like all right well
03:17:34
maybe a lot of people don't get it they
03:17:36
don't get to get you know i'll see you
03:17:39
bottom [ __ ]
03:17:41
sorry you know just as a hacksaw can i
03:17:43
appreciate if you
03:17:44
you know some of that twitter activity
03:17:46
i'm definitely watching and um taking
03:17:48
note of all your wisdom and all that so
03:17:50
thank you man thank you
03:17:51
thank you
03:17:54
all right
03:17:55
do next
03:18:01
all right y'all if you don't have
03:18:02
anything to say i got to rotate you off
03:18:03
the stage i got a shitload of people
03:18:04
trying to request the mic and also you
03:18:07
should probably retweet the room so that
03:18:09
other people can get in here with
03:18:10
limited access that we got
03:18:13
richard i have a question i do have a
03:18:14
question um
03:18:16
so as far as pullstream launching um
03:18:21
how you know there's a lot of people
03:18:23
that aren't hexagons that are coming
03:18:24
into the community how
03:18:27
how can they best support the success of
03:18:30
pull shane
03:18:32
well i mean uh
03:18:35
participate heavily in the network once
03:18:37
it exists
03:18:38
promote it before it exists practice on
03:18:40
the
test
net
03:18:43
put stickers out you know
03:18:45
put [ __ ]
03:18:48
cards out
03:18:57
do direct mail you know do the work man
03:19:00
same [ __ ] we've been doing so the same
03:19:02
more the same
03:19:04
about it
03:19:06
i mean if you wanted to you could get
03:19:07
other projects to try and integrate but
03:19:08
like
03:19:09
i don't give a flick half these [ __ ]
03:19:11
teams is probably gonna disappear in a
03:19:13
bear anyway so like you know
03:19:15
i don't even bother with that [ __ ]
03:19:17
they'll they'll come when they [ __ ]
03:19:18
see how good it is
03:19:23
that's my feels on the like other
03:19:25
projects [ __ ]
03:19:27
richard how do you feel about the
03:19:28
network effect metcalfe's law playing
03:19:30
into the pulse chain network being that
03:19:32
we have so many projects that are coming
03:19:35
online from day one which has
03:19:37
never been happening before
03:19:39
yeah
03:19:40
maybe it could be like man i i think
03:19:42
pulse change is a goddamn fabulous idea
03:19:45
fabulous
03:19:46
i mean the bear market hasn't even
03:19:47
solved the gas fees [ __ ] still costs too
03:19:49
much
03:19:51
well
03:19:51
sweet i thought that you know
03:19:54
these would come down a bit they didn't
03:19:55
even come down it's like i mean i could
03:19:57
have came out a bit let me look at this
03:19:58
[ __ ]
03:20:00
yes
03:20:05
richard
03:20:06
what's
03:20:07
your what would um
03:20:09
what would be your advice for
03:20:11
people here's the thing i i the the
03:20:14
beautiful thing about pulse chain man
03:20:16
like
03:20:17
especially from the hexagon community
03:20:19
like
03:20:20
it it has driven a lot of people that um
03:20:23
i feel like had
03:20:25
you know entrepreneurship in their heart
03:20:27
and they're like finally
03:20:29
like they see pulse chan as opportunity
03:20:31
uh on ramp users outside of my [ __ ]
03:20:34
communities stop
03:20:36
yeah stop sucking pump out of my [ __ ]
03:20:39
go [ __ ] get other users
03:20:41
maybe that's a better question um
03:20:43
than what i was gonna my question was
03:20:45
gonna be like what what would your
03:20:47
advice be to them but um
03:20:51
from other communities how do we like
03:20:52
what's a good strategy for uh
03:20:55
you know connecting pulse chain new
03:20:57
projects
03:20:59
outside of the hexagons community well
03:21:01
here's my thing bro it's like you hear
03:21:03
vitalik chilling erc20s
03:21:05
nah why because he ain't he ain't got
03:21:07
bags of erc20s
03:21:10
so like i want to see my coins that i
03:21:13
designed do well
03:21:15
and so if some [ __ ] comes up is
03:21:17
like yo rich
03:21:19
i could buy [ __ ] you invented but
03:21:21
instead i want you to tell me why i
03:21:22
should buy some [ __ ] you didn't invent
03:21:26
no
03:21:27
you know what i mean but richard let's
03:21:28
be honest like for for pulls training
03:21:31
to like for pulling read my book i'll
03:21:33
teach you how to do good marketing
03:21:35
no no no believe me i'm saying what i'm
03:21:36
saying is though for for the for pulse
03:21:39
chain for pulse x and hex
03:21:41
for those to do a 10 000 x
03:21:44
like you do need a network you need you
03:21:46
like you need to you don't work
03:21:49
you actually don't
03:21:50
you really know you don't really think
03:21:51
pulse
03:21:53
pulse x and hex by themselves would run
03:21:55
a full network
03:21:57
hey you ready you ready dog
03:21:59
watch me prove this [ __ ] i'm so good at
03:22:01
this i love this [ __ ]
03:22:03
hey do you remember ethereum in 2017
03:22:08
when it went up 14 000 x
03:22:11
what would have cool ass projects
03:22:12
running on that [ __ ]
03:22:13
oh it was like
03:22:15
jack [ __ ]
03:22:16
you know what i mean
03:22:18
so like yes
03:22:19
like pulse
03:22:21
can serve as a great home for a lot of
03:22:23
projects
03:22:24
but in reality those projects do not
03:22:27
need to actually be there at all for
03:22:29
pulse to do amazingly well
03:22:32
like like ethereum did well
03:22:34
like it's just
03:22:37
are people buying here are they using it
03:22:40
like if hacks was the only thing on
03:22:41
paul's pulse could still do well here's
03:22:43
my challenge another [ __ ] wants to be on
03:22:45
paul's great like i support it but i
03:22:47
ain't never gonna promote some other
03:22:48
[ __ ]
03:22:50
point over my coin like
03:22:51
richard richard you know i i'm building
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