← Digital Social Hour
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- [00:00]
Brock Pierce
On, like, redemption and second chances and like, I mean, there's so many amazing things that make us special.
- [00:05]
Unknown
Yeah.
- [00:06]
Brock Pierce
But something's wrong there. And so the idea is to take it from 20% to 10%, you know, very similar to, like, what Doge was doing in trying to find efficiency. You know, how do we use AI and tools to start figuring out, you know, how do we bring. Cut that number in half.
- [00:27]
Unknown
Okay, guys, Brock Pierce here with an amazing outfit and bitcoin conference week. How you doing, my man? Rocking out. Let's go. Did you talk at the conference this year?
- [00:37]
Brock Pierce
I've done tons and tons of things, multiple talks. But the big one was organizing for Vivek Ramaswamy and his run for Ohio governor. And then yesterday was crazy. We had the mayor of New York City. Yeah.
- [00:55]
Unknown
So.
- [00:56]
Brock Pierce
Well, so Vice President J.D. vance did the opening speech at the conference yesterday. His last statement is like, we gotta keep on fighting. This isn't over. Like, now that this community has galvanized and it's no longer suffering from political apathy and non participation, but is utilizing its power. As I like to say, the sleeping giant is awake. We just have to stay awake. Can't be falling asleep. The only major election in 2025 is the mayor of New York City. That's our big election this year. Right. And it can be a national race. And so, yeah, Eric Adams came in and made also an incredible speech following Vice President Vance talking about how New York City has to be the crypto capital of the world. So we've got a crypto president, we've got a crypto mayor. You know, let's, let's keep this rolling. And so, you know, was having to work with the mayor pretty much 24 hours yesterday.
- [02:02]
Unknown
I love that.
- [02:03]
Brock Pierce
In addition to all the other things. I do.
- [02:05]
Unknown
Yeah.
- [02:05]
Brock Pierce
And we filmed a TV show yesterday, Crypto Nights, which just came out on Amazon Prime.
- [02:11]
Unknown
Nice.
- [02:11]
Brock Pierce
It's, you know, web three projects, Crypto projects come in and present to the knights. Kind of like. I wouldn't call it a shark tank, but that's a format everybody knows.
- [02:20]
Unknown
Yeah. That's cool, man. You're doing a lot of stuff. Yeah. This does seem to be the first administration that is pro crypto though, right? Since you've been involved.
- [02:26]
Brock Pierce
Yeah. I mean, certainly we've never had anything like it. And that's the, the main thing that I said to everybody. It's like, wow, it's a sign we've won, at least for now.
- [02:36]
Unknown
Yeah. Is it like a surreal feeling for you, like, to see this because you've been battling for so many years for this.
- [02:41]
Brock Pierce
It is, I mean you, everybody knows about the lawfare issues and you know, probably heard of choke point 2.0. Vice President Vance said choke point 2.0 is dead. But anybody that's in crypto has probably had their bank accounts closed, maybe been fully debanked.
- [02:55]
Unknown
I got.
- [02:56]
Brock Pierce
And anybody that's a high profile person likely had a, you know, an investigation from government, potentially a charge from a regulator. You know, it's. The pioneers really took arrows, you know, and for now we're on the other side of that. We now have a government working with us. It's like we've had. It's not just headwind, it's arrows and bullets. Like we've been under attack despite not breaking any law. I mean those that were law abiding were being attacked. And so it's, it's a different world. It's like going from day, night to day.
- [03:38]
Unknown
Yeah.
- [03:39]
Brock Pierce
You know, I think we're going to look back on March 7, you know, the day that they had the White House crypto summit as like the BC ac, you know, before crypto, after crypto or bitcoin. Like I think it's the second most important date in our industry's history. You know, January 3, 2009. The launch of the Bitcoin network, I'd say is number one. And I think March 7th is like that was the turning point.
- [04:02]
Unknown
Wow.
- [04:03]
Brock Pierce
Where we're no longer fighting. You know, we're still same amount of effort but now we're fighting to thrive rather than fight to survive. And yeah, it's so comforting. It's like wow. And I don't think everyone's fully realized how big of a shift this is. The banks are no longer trying to cancel our accounts. You know, the Department of Justice isn't looking after everybody. They've been. The task force has been assigned to terrorism. Something more important than stopping innovation. Right. You know, the regulators are now figuring out how to give us regulatory clarity so that we understand what the rules are rather than operating in, you know, a Gary Gensler world of complete ambiguity. Whatever I want, like what a change. Like they're no longer against us, they're working with us. And so it's just a, it's a relief. You know, I spent six months before I started publicly working in the space going.
- [05:01]
Unknown
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- [07:05]
Go anywhere without it.
- [07:06]
Brock Pierce
If I do this, I could get killed, could end up in jail. You know, certainly the media is likely going to tar and feather me. You know, am I willing to do that? And anyone that was a pioneer in this business, whether they knew it or not, you know, took those risks. I did it knowingly. I'm not naive, you know, and this big commitment and so, you know, we're on the other side of that now.
- [07:30]
Unknown
Yeah, you're right, though. There were lives lost to get. To get to where we're at right now.
- [07:33]
Brock Pierce
No question.
- [07:34]
Unknown
A lot of early adopters of crypto are no longer here.
- [07:36]
Brock Pierce
Yeah, no, it was a. But that's. Welcome to being a pioneer, you know, whatever industry it was.
- [07:41]
Unknown
Yeah, no, good point.
- [07:42]
Brock Pierce
You know, I mean, that's the risks, you know, and the life we lead as disruptors.
- [07:47]
Unknown
Yeah. What do you think the next opponent, the next battle is now that government's on the side of the crypto community.
- [07:52]
Brock Pierce
Sensible regulation. Right now we have to work with government to make sure that we get good regulation. Right. We're here to protect consumers. We're here to protect the American people. You know, we want to stop scammers, and we want OFAC lists, you know?
- [08:05]
Unknown
Yeah.
- [08:05]
Brock Pierce
No one's trying to have crypto be a tool to fund terrorism, right? Nope. Nobody wants that. I don't. So how do we make sure that we get regulation that accomplishes the goal, but without stifling innovation? Right. And the only way that happens is if you're in the room, you have to show up. And so, you know, it's why I'm in D.C. so often, and it's why I spend so much time on the road dealing with the world's governments to, you know, help them understand what it is, how it works, and how do we continue to allow innovation to flourish while protecting the people.
- [08:43]
Unknown
Yeah. I was at your school in D.C. and there's a lot of innovation there. The people I met and well done, man. You're making some moves in D.C. yep.
- [08:51]
Brock Pierce
I've been at it for about 10 years now.
- [08:53]
Unknown
That's how we met Tiffany, who set this up, and she's blowing up now, so.
- [08:56]
Brock Pierce
Yeah.
- [08:57]
Unknown
When you collect a bunch of masterminds in one room, you know, Mar A Lago does a good job at that, too.
- [09:01]
Brock Pierce
Doing a phenomenal job right now. I mean, very different than the last term.
- [09:05]
Unknown
You couldn't talk the last term. You couldn't meet anyone in person. Right.
- [09:09]
Brock Pierce
Yeah.
- [09:09]
Unknown
If you wanted to meet the president, no one's answering that request.
- [09:13]
Brock Pierce
Yeah. So it's. Yeah, it's. We've come a long way. Like, I mean.
- [09:20]
Unknown
Just.
- [09:20]
Brock Pierce
I'm so grateful.
- [09:21]
Unknown
Yeah.
- [09:22]
Brock Pierce
I'm so happy for, you know, all of us. You know, we get to focus on what matters now versus operating in a. A fear mindset where before doing anything good, you got to think through all the game theory and, you know, what are the, you know, now it's just like, build, baby, build. Yeah, like. Like, let's Build great innovation without fear, knowing that your government is behind you and wants it to happen, you know, and engage in the conversation like it's a. It's a whole new world. And I'm. I'm. I'm. I'm so grateful. It's like, it's. We've come a long ways.
- [09:57]
Unknown
Yeah.
- [09:57]
Brock Pierce
And all of the great people that, you know, sacrificed and took these risks to get us here, thank you.
- [10:03]
Unknown
I couldn't believe how many people were at the event yesterday. It was my first bitcoin conference.
- [10:07]
Brock Pierce
Yeah. Like 30,000 people is the number I heard.
- [10:10]
Unknown
Yeah. I mean, when you went to these early on years ago, there was probably a couple hundred people, right?
- [10:14]
Brock Pierce
Yeah. I was just doing an interview with the Wall Street Journal, and the journalist was like, you know, so when was your first conference ago? I was the first one. You mean this is your first one? No, the first one. So I don't know how many.
- [10:29]
Unknown
Probably you could.
- [10:30]
Brock Pierce
Hundreds. And, I mean, I've done five this month.
- [10:33]
Unknown
Damn, that's nuts. Now it's a worldwide thing, too. I'm seeing these events in other countries.
- [10:37]
Brock Pierce
Oh, yeah. It's all over the world. I. I say I'm, you know, I'm back on the conference circus, I mean, circuit, and we host an event at every single one of them. I mean, we held five conferences ourselves this month.
- [10:50]
Unknown
Jeez.
- [10:52]
Brock Pierce
It's a lot of. A lot of work. But, I mean, how amazing it is. I mean, the New York City Crypto Summit on May 20th at Gracie Mansion. Again, I mean, like, we've come a long ways.
- [11:04]
Unknown
Yeah.
- [11:04]
Brock Pierce
You know that it's, you know, we're. We're finally working with our government. And that was, you know, one of the questions people asked as well. Isn't that what this was not about, that? I go, yes, it was. It always was. This is called. We've evolved all the way to the point that. Where the government was fighting us and not fairly, improperly to. Now they're working with us. That's the goal. We're trying to win together. Right. The goal is to come together, to build consensus. Right. We don't want to be at war. We want to be at peace, and we want to be working with those that have, you know, shared goals. Right. And crypto is really built upon the principles of the United States in so many ways. And so there's no better home for it. You know, most of the innovation came from here, and we were. I mean, everyone had to flee New York. You know, with Cuomo's bit license you know, from Benloski, you know, I mean, effectively was tearing down the empire, you know, the financial capital of the world, preventing it from participating in the future of finance. That's changed now, you know, and that's just now, you know, Americans had to leave the country. You know, so many of our best and brightest left to go build elsewhere. And if they didn't leave, they certainly incorporated elsewhere. Very few crypto companies were incorporating in the us. Almost everyone went abroad. Is that what we want? We want to push innovation away and the trillions of dollars of wealth that's been created? Or do we want to see, you know, the American people prosper? And do we want to see these businesses built in the us do we want to see these projects built in the us? Do we want to see that enterprise value accrue to the us? Do we want to see those jobs in the us? The answer is absolutely. And you know, we finally have. That's what's changed. Like, we're all, we're all rowing on this, you know, we're all on the same team. Finally.
- [12:52]
Unknown
Crypto's back, baby.
- [12:54]
Brock Pierce
It's back and it's bold.
- [12:55]
Unknown
Bitcoin's at all time highs.
- [12:57]
Brock Pierce
Let's go.
- [12:58]
Unknown
Michael Saylor is going to go down as the greatest investor of all time.
- [13:01]
Brock Pierce
It looks like it's looking pretty good, as I like to say. Now the new ip, the ICO is now the ipo. We're now like also capital markets. I mean, like these bitcoin treasury strategies. I mean, I mean, we're talking about bit bonds now, bond issuances. I mean, it's like Bitcoin strategic reserves, governments having Fort Knox. Digital Fort Knox. I mean, wow, crazy times. Talk about a flippening. Yeah, I mean, that's called flipping in government.
- [13:33]
Unknown
Yeah. I prefer an ICO over an ipo. By the time it hits the ipo, the valuation is already inflated. Ico, at least you have a fair.
- [13:40]
Brock Pierce
Shot of getting a good value Master coin. We, we were the first ico. We built that stuff back in the spring and summer of 2013.
- [13:47]
Unknown
Wow. I was very early for an ICO.
- [13:50]
Brock Pierce
Well, we were the first one.
- [13:51]
Unknown
That is crazy.
- [13:52]
Brock Pierce
We were one of the first three layer twos on Bitcoin. You had colored coins, counterparty and master coin.
- [13:57]
Unknown
Damn.
- [13:58]
Brock Pierce
So, yeah, the layer two discussions have been going on longer also than people think.
- [14:03]
Unknown
Well done. What layer are they on now? They just keep making more. Right.
- [14:06]
Brock Pierce
Well, things go through cycles, you know. Right. An idea emerges, everybody pushes forward. It's usually too early. As I Like to say the second mouse usually gets the cheese back to being the pioneers. Take the arrows and usually not the reward. But, you know, we go, we go through these cycles and so the ICOs came back again. But then, you know, what happened is people were giving too much money without the right governance and controls and systems in place. And so a lot of projects just didn't have the right people present and the right control systems. And then they came back, you know, with, you know, the exchanges effectively underwriting them. So at least there was some diligence, you know, that was done. And then launchpads have, you know, helped do that, you know, where, you know, there's enough, you know, battle testing prior to, you know, the market, you know, being invited to participate. So which, with each cycle we get smarter, we build back better.
- [15:01]
Unknown
I hope you guys are enjoying the show. Please don't forget to like and subscribe. It helps the show a lot with the algorithm.
- [15:06]
Thank you.
- [15:07]
Brock Pierce
And. And rinse and repeat.
- [15:11]
Unknown
Yes, sir. You believe in the four year cycle? That's the one I feel like most people know about.
- [15:14]
Brock Pierce
Yeah, that's what it's, you know, that's generally what we've been seeing. Yeah. Four years until. Until the cycle changes.
- [15:19]
Unknown
I feel like this might be this one.
- [15:21]
Brock Pierce
This one we could end up having like a full four year cycle. I mean, with, with an administration and a government that supports us and it being the United States of all nations. Yeah. This is unprecedented territory. Right. I mean, it's. The structure's changed, so we could end up seeing a long bull market because.
- [15:43]
Unknown
There'S going to be so many new users being onboarded into Crypto could be a game changer, right?
- [15:48]
Brock Pierce
Oh, yeah. I mean, I mean, we haven't seen an environment like this before and so cycles change. Those circumstances do, potentially, you getting back into acting.
- [15:58]
Unknown
I saw you tweeted out you're in a new movie coming up.
- [16:01]
Brock Pierce
Uh, yeah, we just had this TV show that just came out, Crypto Nights on Amazon prime. And I've got a movie coming out next month with, with Jon Voight.
- [16:08]
Unknown
Nice.
- [16:09]
Brock Pierce
Uh, I didn't think I'd ever do that again.
- [16:11]
Unknown
Yeah, it's been a while, right?
- [16:12]
Brock Pierce
Yeah. I quit acting when I was 16 and said never again. That's like my former life in this.
- [16:16]
Unknown
Life quit early 16. That's when most people start acting.
- [16:19]
Brock Pierce
I started at three.
- [16:21]
Unknown
That is so early. So it wasn't by choice.
- [16:24]
Brock Pierce
Yeah, at three, I wasn't that conscious. Um, my first memory in life takes place on a set making a commercial for the radio. A television commercial. So that radio was advertising on television. You know, that's back when televisions were caught.
- [16:39]
Unknown
The tail end of that.
- [16:41]
Brock Pierce
And it was a commercial called don't let your babies grow up to be cowboys for kcrw.
- [16:46]
Unknown
That's your first memory?
- [16:47]
Brock Pierce
Yes.
- [16:48]
Unknown
Wow.
- [16:48]
Brock Pierce
Lights and things. And just being so tired, and I knew I could do something. And, you know, finally we got it done and everyone's happy, and I'm like, yay.
- [16:55]
Unknown
Yeah. So you had to grow up kind of quick. Just working right off the rip.
- [16:58]
Brock Pierce
I've been working 41 years.
- [17:00]
Unknown
You're going to retire anytime soon?
- [17:02]
Brock Pierce
Absolutely not.
- [17:03]
Unknown
I love it.
- [17:04]
Brock Pierce
I'm not here for retirement.
- [17:07]
Unknown
That's how, you know, you actually like what you're doing, though.
- [17:09]
Brock Pierce
Yeah, it's. I'm living my purpose and my passions. Right.
- [17:13]
Unknown
Yeah.
- [17:13]
Brock Pierce
It doesn't feel like work when it's what you are. It's not that many people work to survive or live. I live to work or to serve.
- [17:26]
Unknown
I love that. 20 projects, another thing you're working on, right?
- [17:31]
Brock Pierce
Yeah. I'm involved in so many things, but right now, I mean, just so excited about what's possible right now with Maha and, I mean, the idea that, you know, we have a sick care system rather than a healthcare system, now we can start focusing on health, preventative medicine. These things ultimately are, from a cost perspective, a better approach as well. And the fact that this was considered conspiracy. We had empirical data that there were things in our food that cause cancer.
- [18:00]
Unknown
Yeah.
- [18:01]
Brock Pierce
Finally the momentum is there to make some of those changes that are. It's just crazy to me that it took this long to get here thanks to RFK and the amazing movement there. But, yeah, 20% is another, you know, exciting, you know, project that, you know, just near and dear, especially with all the lawfare and things that we've seen and the weaponization of the justice system and the regulatory system. You know, 20% of the world's incarcerated are in the United States.
- [18:36]
Unknown
Wow.
- [18:37]
Brock Pierce
That's why it's called 20%. Are the American people inherently bad that we should disproportionately have this level of people incarcerated in our country? I don't think so. I don't think the American people are bad. I think we're amazing. I think what made this country great is the ingenuity of the American people and that we're a society built on, like, redemption and second chances and, like, I mean, there's so many amazing things that make us special.
- [19:05]
Unknown
Yeah.
- [19:05]
Brock Pierce
But something's wrong there. And so the idea is to take it from 20% to 10%, you know, very similar to like what Doge was doing in trying to find efficiency. You know, how do we use AI and tools to start figuring out, you know, how do we cut that number in half? Now there's a lot of people that are, you know, nonviolent offenders and things of that nature or people that we can identify, you know, with technology or people that are there wrongly, you know, so it's an area that's just, it's heartbreaking. And there are violent offenders and people that do need to currently, at least at this time, still be locked in cages to protect society. But I don't think it's the numbers that we currently have.
- [19:45]
Unknown
Yeah, 20% is mind blowing to me because we're Nowhere Close to 20% of the world population.
- [19:49]
Brock Pierce
Yeah, not even close.
- [19:51]
Unknown
So that is crazy. There's people in there for cannabis, which is now legal.
- [19:54]
Brock Pierce
Ridiculous. Like, you know, all of those people should, you know, be released and have the, and have their criminal records expunged so they can get jobs. Right. It's like, I'm surprised it hasn't happened yet. Like, I mean, that's an automatic. For example.
- [20:11]
Unknown
Yeah.
- [20:11]
Brock Pierce
And there's a lot of things like that. And so the idea of the 20% foundation is to identify all of those opportunities and try to understand how we can, you know, cut that number in half.
- [20:22]
Unknown
Yeah. Because right now some of the prisons are overcrowded too. Right.
- [20:25]
Brock Pierce
Well, I think that's fundamentally where part of the problem is. It's, it's that it's a misaligned incentive and we have for profit prisons.
- [20:32]
Unknown
Yeah. The more people they have, the more.
- [20:35]
Brock Pierce
They make more customers. Yes.
- [20:36]
Unknown
Yeah, they see them as a customer. It's so messed up.
- [20:38]
Brock Pierce
Yeah, I mean, that's, that's how their revenue is generated.
- [20:41]
Unknown
Same healthcare too. But yeah, back to.
- [20:44]
Brock Pierce
Yes, it's. You're not trying to fix problems or cure people, you're trying to treat people because it's more profitable. How do we align the incentives so that we can all win together?
- [20:53]
Unknown
That's exciting. Yeah, Maha's making good progress. They already got a couple food dives banned, right?
- [20:57]
Brock Pierce
Yeah, I mean, we're only 120 days in.
- [21:00]
Unknown
I've never seen an administration take action this quick on anything.
- [21:03]
Brock Pierce
Yeah, we're getting, you know, there's still confirmations to be done. It's. The administration's not even fully assembled yet. Yeah, but yeah, no, we're. The administration is getting a lot done and getting it Done quick. So super excited for what's possible over the coming, you know, three and a half years.
- [21:19]
Unknown
You think you'll ever make a run for politics again?
- [21:22]
Brock Pierce
Well, you don't run for president once if you don't intend to run for another office. I did an exploratory campaign in a municipality once, and then I did an exploratory campaign on a U.S. senate run in 2022, 2023 and 2024 was about the, the presidential. You know, I. We built a lot of infrastructure that came in handy for rfk.
- [21:44]
Unknown
Yeah.
- [21:46]
Brock Pierce
And so was very happy not having to run.
- [21:50]
Unknown
I'd be hard.
- [21:52]
Brock Pierce
Happy to sit out cycles and happy to find, you know, if there's other people that are willing and able to serve, by all means.
- [21:57]
Unknown
Yeah.
- [21:58]
Brock Pierce
Well, I'm not looking for more jobs, but clearly I've. I've put myself out there as someone that is willing to serve.
- [22:04]
Unknown
Yeah, well, we'll see if there's going to be a little void after Trump.
- [22:08]
Brock Pierce
I think, and we'll see where it goes. But, you know, I'm constantly analyzing what offices are there, and my goal is usually to find somebody else.
- [22:17]
Unknown
Yeah, well, if you run on the left, you'll have a better shot, I think. Not many good opponents there right now.
- [22:24]
Brock Pierce
Yeah, it's gonna be. I mean, we'll see, you know, through the. What happens next year. Yeah, but you know, some very big governor races, obviously, you know, there's Congress, so I'm involved.
- [22:39]
Unknown
Yeah.
- [22:40]
Brock Pierce
You know, it's. And I'm glad that more of us are getting involved.
- [22:44]
Unknown
You also got a company DNA. What's that one about?
- [22:47]
Brock Pierce
DNA is my latest company that where most of my crypto activity runs through. So we're kind of everything. We're an asset management firm. We have a bunch of different fund strategies. We're an advisory firm, consulting market, making banking events, basically, you know, kind of everything that isn't a broker dealer or an investment bank.
- [23:11]
Unknown
Got it. So you're playing around with some altcoins and stuff too?
- [23:15]
Brock Pierce
I've played around in everything. I mean, I've been doing this a long time.
- [23:18]
Unknown
Yeah, that's where you make the serious returns, right?
- [23:21]
Brock Pierce
Well, you can. Greater risk. Yeah, right. Risk profile determines, you know, that.
- [23:26]
Unknown
How degenerate do you get? Do you get into the meme coins too?
- [23:29]
Brock Pierce
Oh, I love memes. Oh, God, I didn't get them. I'm usually very early to things.
- [23:34]
Unknown
Yeah.
- [23:34]
Brock Pierce
You know, sometimes first. But I missed the memes because everything I did was about building utility and technology and things of that nature. And so I, I saw the power of community and you know, so I, I always spoke positively a doge and litecoin and things of that nature. But I didn't fully appreciate it really. Elon Musk gets the credit for that. You know, his line of, he who controls the memes controls the universe. You know, I eventually got it right. It's an open source technology play. So community marketing, messaging, you know, that's a big part of what makes these things what they are. Right. Even things like Board eight yacht club and, you know, all this stuff. And so it took a while, but, you know, I get it. I think that this is the meme coins, you know, or memes that were already impacting elections before the coins emerged. Memes are a way that we express our feelings, either in support or protest of something, and adding a coin to it just made it more engaging. And so that's what it is, effectively. It's a way that we express society, expresses its feelings and things that go big is widespread sort of emotion. And so it's neat to see a market emerge for memes. You know, I, I think it's, I mean, I would not encourage people to invest in them. I'd encourage people to play with them. It's probably the right way to think.
- [25:07]
Unknown
Yeah, there's a difference there.
- [25:08]
Brock Pierce
Yeah.
- [25:08]
Unknown
Some of these coins hit billion dollar market caps. Pretty crazy.
- [25:11]
Brock Pierce
I mean, you can make some money playing around.
- [25:13]
Unknown
Yeah.
- [25:14]
Brock Pierce
But, you know, I think of it more as a, you know, experiment of, you know, society expressing itself.
- [25:20]
Unknown
I love that.
- [25:21]
Brock Pierce
And if you can predict society's expressions well and things that, that resonate and you can do that early, obviously you can do very well.
- [25:31]
Unknown
Yep. You doing anything in the AI space right now? That's a big space.
- [25:35]
Brock Pierce
Yeah, lots of stuff. At DNA, I think we've deployed almost $50 million this year.
- [25:39]
Unknown
Wow.
- [25:40]
Brock Pierce
In, in the AI space. So we're very active in where AI meets. Decentralization or blockchains Were big participants in Bittensor, if you're familiar with that.
- [25:50]
Unknown
Heard of them.
- [25:51]
Brock Pierce
Yeah. So the whole idea is I prefer a decentralized AI. No offense to the centralized systems. I play with all of them. But the idea of we the people owning the system and you owning your AI agent and things of that nature.
- [26:07]
Unknown
Right. So ChatGPT is not decentralized, right?
- [26:10]
Brock Pierce
No, none of the big ones are.
- [26:12]
Unknown
So they own all the data?
- [26:13]
Brock Pierce
Yes, effectively.
- [26:14]
Unknown
And they're probably selling that eventually. I don't know what their plans are.
- [26:17]
Brock Pierce
And all that value is accruing to a Centralized company versus figuring out a way for all of us to participate and win together. And so I like that model for a variety of reasons. One, own your data. Having control over your information, pretty important information. And the opportunity to benefit from the economic sort of value that's created. And so I like to see lots of people winning, coming together. It's like I say, every time you pull out your wallet, every time you transact, you're giving power to something, to a company, a product, its shareholders, people. And so to be mindful conscious of what you're transacting with. And as we become very mindful and conscious of the power that we give, let's give it to the systems that we think best serve us.
- [27:00]
Unknown
I love that. Is there a decentralized AI that's up and coming? You think that can compete with.
- [27:04]
Brock Pierce
Well, that's Bittensor is the one that we've backed the biggest right now. But we're participating in a number of them.
- [27:10]
Unknown
Okay, I gotta try that one out. I think there's a lot of value in AI. I use it almost every day. But you're right, I'd rather own my own data at least.
- [27:17]
Brock Pierce
Yeah. That's a basic idea. And as people get hip to that, both the ownership of data. Right. Most precious commodity in the world was gold for a long time. Then it became black gold or oil. The most precious commodity in the world today is your data.
- [27:33]
Unknown
Yup. I mean these companies have so much data on us, it's crazy. These social media platforms.
- [27:39]
Brock Pierce
And I'd like you to own your digital DNA.
- [27:42]
Unknown
Digital DNA? Unfortunately, I don't own my physical DNA because 23andMe got. They went out of business. I don't know if you saw that.
- [27:50]
Brock Pierce
Yeah, they've gone through a bankruptcy proceeding.
- [27:52]
Unknown
Yep.
- [27:53]
Brock Pierce
The bankruptcy auction right now, I think the courts meet June 17. Regeneron, I think, won the bid, at least as we understand it now. And that's the largest data repository of genomics data.
- [28:07]
Unknown
Wow.
- [28:08]
Brock Pierce
You know, and gonna end up in the hands of a pharmaceutical company or insurance company, you know. You know, versus, you know, ending up in a vehicle where all of those people could have ended up owning their genomic data. You know, nothing would have been cooler if then, you know, someone from my industry had successfully been able to buy such a thing.
- [28:28]
Unknown
Yeah.
- [28:28]
Brock Pierce
And been able to protect the people's information and put that into a wallet and then give people the permissions, the ability with informed consent to say I'll share my data with a, a university or for research because I want to cure Something and, you know, and, and get credit for having given my data to make the world healthier or sell my data, but where I at least participate in the economics of it.
- [28:53]
Unknown
Right.
- [28:53]
Brock Pierce
You know, someone is going to build a system that does that.
- [28:57]
Unknown
I mean, that is some valuable health data that they just acquired.
- [29:01]
Brock Pierce
Yeah, it's a, you know, 15 million people's DNA.
- [29:04]
Unknown
I mean, I imported my, my raw data from that into AI and learned a lot about myself. So, like, once you start mixing AI with this data, you can really solve some big problems, like you're mentioning, I feel like.
- [29:14]
Brock Pierce
And that's, that's the exciting part of it, you know, But I, you know, I'm always concerned about the commons and how we protect, you know, the people.
- [29:21]
Unknown
Yeah. So are you more cautious of AI? Like, there's some people that are really fearful of it. Elon keeps saying he's a little worried.
- [29:28]
Brock Pierce
I mean. Yeah, but I mean, cat's out of the bag.
- [29:32]
Unknown
Yeah. No stopping it.
- [29:33]
Brock Pierce
I don't, I don't spend my time dwelling on things that is, aren't going to change. Instead, I focus on being the change. You know, what are the things that we need? How do we, you know, build systems that bring these technologies forward in the best possible way? As I say, technology is amoral. It's neither good or bad. It's a tool. How we use it determines the impact it has. Right. Electricity can be used to make light, you know, or an electric chair.
- [29:59]
Unknown
Yeah, I love that. I love that. Because a lot of people demonize social media, but it's how you use it. You can use social media to learn a lot of information.
- [30:07]
Brock Pierce
They can be incredibly good tools when used correctly or harmful if misused.
- [30:12]
Unknown
100. What, where are your next events? Where could people keep up with you?
- [30:17]
Brock Pierce
Well, after Bitcoin 2025, I will be speaking in Miami. Oh, I don't even know. I think I go. I go to LA for a day or not even a day. Miami for not even a day. Rome for maybe not even a day. New York for like a half a day.
- [30:38]
Unknown
All over, man.
- [30:39]
Brock Pierce
This is what my. I'm a man on the move.
- [30:42]
Unknown
Yeah, that's impressive. Well, we'll link your site or something below all your projects. Thanks for coming on, Brock.
- [30:48]
Brock Pierce
Appreciate it. Thanks for having me.
- [30:49]
Unknown
Yeah, check them out, guys. I'll see you next time.