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 they also compare it to Visa a centralized system and their traditional rails that we use right now on the internet it is a thousand times more efficient per transaction than Visa so when you're talking about three orders of magnitude more efficient when you're that much more efficient a thousand times more efficient than the traditional rails you know you can do amazing things at goldsilver.com we have a price match guarantee free shipping global storage options and phenomenal customer service

thanks for making goldsilver.com your bullion dealer hi everyone today we're going to cover my best non-precious metals investment ever and with me today I've got Brandon who is a cryptocurrency expert Brandon how are you doing I'm I'm doing fantastic Mike and thank you so much for having me thank you because you know I've been buried uh you know just up up over my eyeballs in writing my latest book The Great gold and silver Rush of the 21st century and since uh acquiring a small

stake in in hashgraph right near the beginning I haven't had time to really pay any attention to it and man has it done some amazing things so uh give us an outline of who you are what you do and your involvement in the crypto space sure so my name is Brandon I actually had a 20-year career in another industry and I became so fascinated with DLT and cryptocurrency so DLT is kind of like blockchain but it's it's more Broad and covers more things and more specifically technology right that's what it is yeah yes exactly

exactly it's just a broader term to talk about pretty much blockchain but um so I became really fascinated with it and I wanted to build in the space so I left that long and fairly good career to start building so I became an entrepreneur and I also work for a company called the hbar foundation which was tasked with building out the ecosystem within uh hedera and I do things like Community engagement and I do Twitter spaces every week and I do a show every Friday to get everybody up to speed of all the things that are being

built within the hedera ecosystem so that's where I am now awesome awesome so uh you just wanted to start out with something a little bit more General and then uh focus in on hedera hashgraph later right sure sure so I think the first thing I'd like to talk about is why people talk about cryptocurrency and crypto DLT platforms as a once in a multi-generational opportunity and the reason I think that's true is because number one it's a technological Revolution and we've seen throughout history we've had many

technological revolutions going back to you know canals and the railroad and Automobiles computers the Internet and it's on par with a technical technological Revolution like that but there's another aspect to it you're obviously a uh monetary history buff right and we've seen with those technological revolutions people can get ahead ahead of themselves they can allocate a lot of capital A lot of time another place in monetary history we've seen that is in Gold rushes right you'd have a a school

teacher from Ohio decide he's going to go to the Klondike and Prospect for gold because at the time not only gold at the time was gold money like it is now but it was also the currency at the time so people would get ahead of themselves and get really excited well cryptocurrency and DLT platforms are also uh means to transfer value over the Internet so they can be currencies and they can also transfer a lot of other things that we might talk about a little bit later on so it's the combination of that technological

Revolution with a digital Gold Rush that makes it that once in a multi-generational uh opportunity for us all so it's been really excited to get get into the Weeds on this and hedera's really building some pretty impressive things yeah you know uh recently Charlie Munger Warren Buffett's partner sort of chimed in on what he calls crap does instead he doesn't understand them and you can tell that you know this is a different Generation Um in uh in the episode eight of hidden secrets of money which was Bitcoin to

hashgraph uh I referred to uh you know the dinosaurs watching this asteroid coming in and not realizing what it's going to do and Charlie Munger has just sort of proven himself a dinosaur uh he doesn't understand that this is not just some token that you buy that that this has immense functionality and I believe that uh that hashgraph I'm not absolutely certain but from everything that I know it's the fairest the fastest the most energy efficient the the safest the most versatile and the the most

scalable and uh it's the isn't it the only one that's like FTC and SEC compliant they they have certainly tried from the beginning to be as compliant as possible in the gray regulatory area that there is but like you said you know Charlie needs to to pay attention to a lot more more things like you said hedera has there's a lot of things we use to judge these different dlts because not only do we have to participate in this space but we have to figure out which one's going to do well and there's a lot of things

we look at like you said you know there's there's speed of finality there's throughput how many transactions per second it can do there's governance which is really important the decentralization the team behind it of course the security you've covered in the past how hedera is abft which is the gold standard of security but I think you touched on one of the most important things you have to have all those things to have a good foundation but the efficiency is is really important

um and University College London did a study a couple years ago and found out that hedera was the most efficient and when we hear efficiency a lot of times we think think of environmental efficiency which this efficiency has allowed hedera to be the home of a lot of environmental use cases but when we hear that efficiency I think we have to think about dollars and cents it's the cheapest platform that's out there and if you look at it I'll send an infographic so everybody can see what

we're looking at and it compares hedera to a lot of the other dlts that are out there but the thing that's really interesting is they also compare it to Visa a centralized system and their traditional rails that we use right now on the internet it is a thousand times more efficient per transaction than Visa so when you're talking about three orders of magnitude more efficient that's really all you should have to say to um to Charlie Munger of what the justification for DLT for cryptocurrency

and for hedera when you're that much more efficient a thousand times more efficient than the traditional rails you know you can do amazing things and we'll get into some of those things as we go forward but you know it's it's not even the difference between walking and driving or walking in a Jet right that's what five knots compared to 500 knots this is like a turtle compared to a jet airliner you know it's that kind of improvement over what we're using right now yeah a lot of people don't understand

also that there is more that a DLT can do than just uh transmit value over space and time sure within a a second or a couple of seconds you can uh transact and transfer value to the other side of the planet at almost no cost what's the cost per transaction on hedera it depends on what you're using but it can be as low as if you're using HCS it can be as low as 1 100th of a penny one one hundredth of a pen uh without any intermediary but you can do things like uh escrow but it can record almost any event so is there a

possibility for instance of running the traffic grid Water Systems power uh Power Generation systems of uh programs working on distributed Ledger technology so that it's it's all over the place so that if one point of failure happens it doesn't affect the system uh what are the applications Beyond a payment system sure well I mean payment system is is where it starts and I'm actually going to start with that but we will get into all those other things we'll start with micropayments which

um really are only possible with a hyper-efficient DLT like hedera and right now our Premier micropayments solution is a company called drop there are some great guys and I did some interviews with them and right now they are integrated into Shopify and WordPress so you know anybody that's a retailer on Shopify can leverage them I'm really interested to see what happens with WordPress though because you know anybody can now use these tools and just to give you some some context around why it's important for

micropayments is somebody gave me some pushback and said actually PayPal is better for micropayments so I did some research I contacted the drop team and we got some numbers together and number one because PayPal has overhead they only can go so cheap as far as their their payments and the cheapest they can have is one dollar that's their limit they can only go down that low and what's more is we'll say there's a low value transaction that's being made on the internet we'll say it's for an

article or a video or something along those lines well right now if you did that with PayPal at one dollar 51 cents is going to PayPal only 49 cents is going to the producer of that content when it comes to uh drop drop does that with a five percent fee across the board so at that one dollar payment you're only paying five cents to drop and you get 95 and especially if you're giving a tip you know that could be the difference of deciding to give that tip or not because if you know that 50 is

going to um somebody uh going to PayPal and not where you intend it you might not give it but if you know know 95 of it is going where you want you might be that much more willing but it really gets interesting once we get lower than that you know once we get down to 20 cents where 19 cents it's not even possible with PayPal but 19 cents is going where you want it compared to one cent and they can go all the way down to a one cent uh transaction you know and this can also we can get into this a little

bit that you know the the current models for uh small value transaction on the internet and by small value I don't mean that uh what those items are are low value they just have a low market price on the internet we're talking about you know single articles or videos or things like that and there's two ways you can monetize that on the internet one way is to use a subscription model and that works very well for places like Netflix and Disney plus and places like that that have tons of content that they can

give but a lot of traditional Publishers have trouble with it right so places like the New York Times they try to use the subscription model and it's difficult for them and that but at least that allows you to remain the customer right the other way we can monetize those low value transactions is through an ad based model and that's where you become the product not the the customer you know where they show a bunch of ads and the advertisers and we know all the issues that can come from that with

these micro payments you can actually become the customer again which is really exciting it solves all kinds of problems and then like you were saying it opens up all kinds of other things like internet of things maybe it's not a consumer and a producer that's that's uh using those micropayments but it is actually two machines that are talking back and forth that are using those micropayments or like you said smart cities you're using it for paying for parking or something along those lines

it really has tremendous potential but like you said it can be used for all kinds of other things we can talk about supply chain tracking about defy and tradify and all that kind of fun stuff but wherever you'd like to take it be fine Trad fine now I haven't heard of Trad five defies distributed Finance right and that's CAD fine sure so uh decentralized files Defy is is kind of a proof of concept phase right now but it's going to go into Trad Phi and tradfi is just traditional Finance but

how can we use some of the tools that are being created by platforms like hedera in those traditional Financial worlds so to start out we'll talk about defy right now there are of course there's plenty of tokens out there and you can take those tokens and trade them using smart contracts built on hedera back and forth and it completely eliminates the need for an intermediary well the intermediaries out there are you know all those exchanges right now on hedera we have built um something called the digital

Commodities exchange it's the first traditional Financial exchange that I know of on any DLT and back in August they actually started to use hedera just for adding trust to their platform as a first step but I interviewed them not long ago and they are going to be moving to a full D5 model where they tokenize the Commodities contracts and then they use the smart contracts to transfer uh ownership back and forth between the different parties this is a huge step forward and a huge proof of concept for

everybody else that's looking in the space so of course you're aware of BlackRock out there right a huge asset for sure go ahead can you explain smart contracts to the audience just remember that a lot of us are very traditional uh investors uh like Precious Metals is about as basic as you can get it's like all the that goes into you know BC precious metals and we're talking about the future here with uh with cryptos and distributed ledgers so uh uh Define what you're talking about here sure

absolutely we'll get into smart contracts but I I am a traditional investor as well I do invest in gold and silver as well that's what actually got me into this alternative asset space I've been following you since all the way back in 2006 but that's a great Point sometimes I I go I know I've been around for a while um but I do go down these rabbit holes and I need to remember to explain these things so another great technological leap that these DLT crypto platforms allow is the program the programming of

asset transfers and that's what smart contracts are you can build into it a contract that says when I want to trade this asset for this asset that's all handled through the smart contract so it makes things a lot easier and that's what can get rid of the intermediaries it's really not so basically like if you were going to buy a house for a million dollars and you didn't want to use the banking system you can program the million dollars the actual dollars to be an escrow contract for instance where a

third party they they're you've made your payment as the buyer the seller has to deliver the product and when a third party says yes the seller did deliver the product the value is released to the uh to to the seller right exactly so that happens simultaneously right yes the currency Excel itself is programmable to do these things and a whole lot more than that exactly you you hit the nail on the head you explained it better than I could have okay so yeah so getting back to it now that we uh understood that so Larry Fink

he's the CEO of BlackRock this huge asset manager I think between 10 and 15 trillion dollars worth of assets under management he said that the future of tradfi of financial markets and securities is tokenization and not only did he say it was tokenization but tokenization on public networks so we're talking about platforms like hedera and ethereum and things like that so if he believes that's going to happen where are these large exchanges like the CME or the ftse or the NASDAQ or the New

York Stock Exchange where are they going to look they're going to look at proof of Concepts like even though they're a functioning exchange they're going to look at things like digital Commodities exchange as a proof of concept hey how did they do this and even though they might be taking market share some of these other guys might say hey this might be an acquisition Target or we should do it like them uh hedero I know you've covered the hedera governing Council in the past but hedera thought

that governance was really important and hedera has these large Blue Chip companies that are in charge of uh taking care of the governance of the network we're talking about IBM and Google and Boeing and nomura and LG servicenow Ubisoft and on down the line there's 28 they're going to be going to uh 39 but I bring that up because we had a recent addition called Aberdeen they have a half a trillion dollars worth of assets under management now that's not as big as BlackRock but certainly pretty

impressive in its own right they're going to start to tokenize their assets on hedera this year they just bought an exchange similar to digital Commodities exchange that has been regulated in the UK and they're going to use this to start to tokenize their funds and they have plans on tokenizing their entire half a trillion dollars worth of assets under management so again when all these other big exchanges and intermediaries look at how they are going to tokenize their funds and Leverage these smart

contracts these are the things that they're going to look at for how do we do this excellent uh you know with the programmability uh this is actually one of the downsides for Central Bank digital currencies that people are worried about is the programmability and you know China is already in stages of testing uh this with the public but being able to control people by making the currency only spendable for instance within a five mile radius of your house or you cannot buy uh plane train bus

tickets or or take an Uber or a cab or that you can't uh pay for a hotel with that currency and and so there there is a big brother aspect to the programmability uh this is why I love the public Ledger space uh versus uh relying solely you know Charlie Munger said that the best thing that ever happened to mankind was National currencies at least he called them currency is because they're definitely not money uh but uh uh he is so wrong if we had used money the whole time it doesn't leak value and steal value and

transfer away to the government and so on now uh a super efficient uh um thing that where a certain number of tokens exist and it's not just magically coming into existence all the time that's going to store value these these uh new things it's my hope that they do become money one day right now they are currencies cryptocurrencies but I do I really hope that they become money one day that we have this uh very very fast efficient uh way of transmitting value without anybody running the game

basically and being able to dilute the currency Supply and steal value from the holders of the currency fantastic points Mike and one of the things that you need to know about the digital Yuan that you talked about is that's a private Network now all these networks hedera anybody can build on hedera so if a central bank wanted to build a digital currency on hedera that's certainly possible but it's a couple things that that is positive not not the cbdc I'm not going to say that that's positive but anybody that's

building on hedera is going to end up being a positive number one because it's transparent where the Chinese digital currency you can't see what's going on behind the scenes with hedera if they build a cbdc on us everything would be transparent everybody would be able to see exactly what's happening so that's a benefit but the other big benefit that I see is that is giving more Credence to an alternative in h-bar right so if you're building things on hedera and doing transactions on hedera that's

giving um Revenue to the hedera network which allows us to continue to build out the hedera ecosystem it allows us to incentivize nodes it allows us to incentivize token holders to build out that ecosystem and I'm a big proponent in choice and money you know I want people to use gold and silver if they want to use gold and silver I want them to be able to use um cryptocurrency if they want to use cryptocurrency at hbar if they want to use hbar and that will in a lot of cases keep the government in check if people

have an alternative that's going to be probably the best way that's what gold does right when you have the ability to use gold as your medium of exchange that puts pressure to keep the central bank doing things in the right way this is the same way so if they use hedera to build their cbdc that gives more power to one of our one of our Alternatives in the h-bar okay for our audience uh you need to define the difference between hedera hashgraph and hbar I think I think that's probably a

good idea once again Mike I'm I'm going down these rabbit holes and and I need to make sure that I explain these things so hashgraph is the underlying algorithm that was developed by one of the founders of hedera Dr Lehman Baird so that's kind of like the blockchain behind Bitcoin okay hedera is the network okay there's the public network they built around DLT now all kinds of platforms use blockchain like ethereum like a lot of other networks but hedera is the only one that uses hash graph

this really special algorithm that's built that's under it hbar is the digital currency the native currency of hedera excellent and so it's uh that you just said native and this is a good thing to explain to people too because there are all these cryptocurrencies out there there aren't that many Native platforms by comparison sure and h-bar is one of them there are lots of cryptocurrencies that uh run on other platform they'll run on top of ethereum or Bitcoin or something like that uh so this is one of

the yeah it's like the difference between a brand of car and a model in the brand of car you're making yeah exactly yeah you're making a fantastic point so uh ethereum has literally thousands of tokens that have built on top of it hedera has hundreds of tokens that have built been built on top of it and these can be stable coins like usdc or tether these can be uh tokens that are used for all kinds of different things they could be representing other things Securities and Toco is a platform on hedera that does

that they tokenize Securities but like you said there can be all kinds of these tokens that are built on top of other networks but each one of these networks that are layer ones or layer zeros they have a native cryptocurrency so ethereum is the the native cryptocurrency of that ecosystem hedera h-bar is the native cryptocurrency of um of hedera and it's used for paying all the fees so the fees on hedera for different API calls are all paid in hbar but they're priced in dollars so when we're talking about all

these transactions going back and forth that's building up revenue for the hedera network for again to to do mainly three things continue to build out the network to pay the incentivized uh nodes and to incentivize token holders hedera is is the most versatile ethereum is similar in as far as versatility but you have all those things that make it still beneficial to to build on hedera they speak the finality that throughput that governance the team behind it the super efficient those kind of things make even

though ethereum can do all the same things they can't do them as well in my opinion yeah so you know you had a bunch of information that you wanted to show us and I've sort of turned this into an interview by just asking a question a question uh but go ahead and just uh give us some of the information that you would uh you know prepared for this video sure well I mean we've covered uh you know I wanted to cover some of the use cases that were built on top of it and we've already gone through

micropayments fairly well we've gone through defy and Trad fi but I did have a couple other things that I wanted to talk about uh supply chain tracking is a big one on hedera and they mainly use the hedera consensus service you can think of the hedera consensus Service as like an online notary or an online data logging service so it's perfect for tracking these items as they go through their supply chain so a great example of this is Avery Dennison Avery Dennison has come out with something called

atmayo and it tracks literally billions of objects through their raw materials through creating the finished products all the way to the consumer and right now they're using it a lot for actually tracking the amount of carbon that's being used through that process but just to show you the the scale at which some of these things can can be Crea uh created they're processing right now between four and seven hundred transactions per second consistently on the hedera network now that's only at

100th of a cent as far as revenue for hedera but when you have that kind of volume it starts to add up into real money and even though we've known about this use case that it was supposed to come for going back I think to 2021 was when we first heard about at my o it just now went live on the hedera network so a lot of these Enterprise use cases that are being built on hedera they take a long time to actually come to fruition and come to Market another good supply chain uh use case that I really like we

just learned about and it's called Fresh supply company so they initially were using a solution by MasterCard called MasterCard provenance of course Very it sounds very similar to the things that hedera does tracking that data through through the supply chain but they also wrapped the payments up inside of it so MasterCard did a great job with that but it was a private Network so they realized that it probably doesn't add that much trust and it's also not their Core Business probably difficult for

them to run a private blockchain like that so they've Sunset that process but fresh Supply Co which was the largest user of that uh platform they saw a lot of value in it so they want to continue to do it and we talked to David recently and they're going to shift everything over to hedera and not only the tracking through the supply chain but also the payments we don't know all the details around this but I'm really fascinated to see what comes out from that the last thing is is kind of a fun one but

because hedera is super efficient the gaming Space is really starting to pick up on hedera and we have so many really good uh gaming game company builders that are building in the space we have astronova and we have uh not a slime world which is a mobile game we have um earthlings but the flagship one that I'm really excited about is lithos lithos is a triple a gaming studio and what that means is they produce games with like 100 million dollar budgets so really high production games and their

first game is going to be ashfall they've announced that they're going to build ash fall but it takes a couple years actually to come to fruition but to explain how good the team is behind this their ex Sony PlayStation and they were the driving force behind games like Last of Us which has become an HBO series and Uncharted it it became a blockbuster with Mark Wahlberg and Tom Holland and they're going to be using it for in-game assets for you know tracking the the scores of the games and things

like that they're moving into web3 they want to move into web3 that they know that that is the future for gaming but a lot of the web 2 Gamers aren't really ready for that so they're going through the process of bringing them along and they're doing just a really good job of making it entertaining as they're building up their game they're developing shows and things like that that have millions of views they have comic books and things like that that they've created nfts non-fungible tokens

these are tokens that are built on the hedera network that aren't like any other token fungible tokens something that you're very familiar with but like we've talked about through this entire thing hedera is very versatile and there's so many things that are being built so it's really exciting to watch right so for uh some of our viewers that again that aren't techies explain the difference between web 2 and web web 3. sure so web 2 was what what you're used to with things like Google and with

Facebook and web one was the initial just website and then we went into all the amazing things that we've come out since we've gotten through mobile web3 is leveraging these DLT these crypto platform to enhance and bring those efficiencies to web 2 and just take it to the next stage excellent excellent so what else have you got for us that that's pretty much it I just wanted to to cover all the great things that are being built in the space and give your audience an update well you know I thank you very much

because uh yeah uh it was it's been quite a while since I interviewed Mance uh and uh I just really needed to catch up on this and I I'm I'm really glad we were able to bring the audience up to speed now when um hedera hashgraph first got listed when they came out with their token the H bar and it got listed on coin market cap it was like number 1200 or something like that and uh you know for the there there are people that make comments and stuff on these videos uh because right now you know recently uh hashgraph was

down as low as uh three cents or three point something cents and it had been up at 55 cents uh and so people were sort of taking pokes at me for for uh you know being invested in hashgraph but what I see is that uh there are thousands upon thousands upon thousands of uh different tokens out there and 99 point something of them are going to be gone in 10 years and I know that hedera hashgraph and h-bar are going to be among the few that survive and thrive uh there and that is you know I'm a long-term investor I'm not a Trader and

so that is what I'm looking for is one that is still there and with all of the advantages the only advantage that Bitcoin has over hedera hashgraph or hbar is that it was first mover that is it everything else that can be done by a cryptocurrency is done better with uh by a distributed Ledger I should say the the cryptocurrency part is only one small aspect of what the distributed pleasure can do so I thank you so much for being here and updating us on all of this and explain to people what it is

because uh this is a video that Charlie Munger should watch I would I would agree there's no question about that I I I will put on a different hat you know I was talking about how I do some contract work for the h bar Foundation but none of my opinions that I'm I'm about to say have anything to do with the hbar foundation they are just my own personal opinions I started out as an h-bar investor and just got more and more um captured by the potential of the network you know I'm building my own

application in the space but I think what we really need to look at when it comes to the H bar is these things that are being built as we watch and these different use cases come online why we get excited about TPS is because of the revenue that it generates for the network and I've already explained how that works and what it's used for to use for building out the network incentivizing uh nodes and token holders that is the same way that you might judge a company and I think in the future we're going to do the same thing

with these digital platforms that you're going to look at what's being built how much revenue is being produced and what is that going to do for the holder of these assets and when you look at hedera you don't have to pay attention to the price the price is going to be super volatile influenced by all kinds of things from FTX exploding and everything else but it's really these use cases that are being built on hedera that will drive that revenue and bring value to the network well this has been an

excellent update and for anybody that's interested in following this Brandon has weekly updates on his channel the h-bar bull so go over there and take a look at it I want to thank you Brandon so much for being here uh and uh do you have anything else you want to say about your channel no not too much but like you said we go through everything that's being built and the entire ecosystem every Friday afternoon it comes out so everybody's welcome to come in thank you so much Mike it's been a pleasure and an

honor well it's been an honor for me too thanks a lot and we'll see you next time at goldsilver.com we have a price match guarantee free shipping global storage options and phenomenal customer service thanks for making goldsilver.com your bullion dealer