Advanced Crypto Tactics and Understanding Feat Jeff & Derwin

Dustin Steffey: 0:00

Hello Chop Nation, Dustin Steffey here. Jaden and I are both excited and wanted to share some big news with you all. As of right now, voting is open for the People's Choice Awards and chopping with fire is up for nominations for Best Overall business podcast, and Best Overall podcasts. If you all could please help us out and go to www dot pod cast awards.com That's www.podcastawards.com. We will also conveniently have that link in our episode descriptions for the month of July for each of you to be able to click on for easier access to register. Again Jaden, and I can't thank you all enough for supporting our show and allowing us to continue to bring you guys quality content. So if you guys could please help us out as we go down the journey to try to get a People's Choice Award. Please go ahead and go to that website and register today.

Jaden Norvell: 1:16

Hosted by Dr. Dustin Steffey co hosted by JD Norville. This is chopping fire the number one business and self development podcast on Apple podcast finds at WWW dot chopping fire.com No further ado, enjoy the Episode

Dustin Steffey: 1:50

Hello, and welcome to another episode of choppin with fire you're joined by your hosts Dustin Steffey

Jaden Norvell: 1:55

and Jaden Norvell. What's up chop nation?

Dustin Steffey: 1:59

What's up Jaden, last episode you had PTSD from almost hitting a trailer. So how are you feeling? Did you go the doctor like I'm concerned for your well being and mental health.

Jaden Norvell: 2:12

No doctor's visit for the PTSD. I did start college class today. So it's good to be back on campus. And I'm taking a pop culture class and communications class a lots of college students that can tune into our podcasts now. So I'm excited to get to represent

Dustin Steffey: 2:31

you. I'm excited for you because some of the most fun that I've had in my life has been in my undergrad and my graduate degree and you're going through where my fun was. So I'm excited for you. And I get to relive it since you're my buddy anyway, so I get to read

Jaden Norvell: 2:50

no doubt you'll be doing my tests. I should have said that. No,

Dustin Steffey: 2:55

I will not be doing your tests because I'd like you to be intelligent for when you're done.

Jaden Norvell: 3:00

If my teacher listening he doesn't do my tests. Okay, I do my own tests. Yeah,

Dustin Steffey: 3:04

James, teachers are listening. I'm harder on Jaden than you are. So you guys should probably step up your game. so with that being said, Jaden, I'm glad that like you're all adjusted. I'm excited for your college classes started and I'm excited for where we're heading. Which speaking of that, we are in the month of July right now, some important housekeeping things I want to bring up one first and foremost to our listeners that have not done so already. Please, please please Jaden them and I would really thoroughly appreciate it. If you would go to www dot podcast awards.com. And go ahead and vote for chopping wood fire if you deem us capable able and good enough for the award. We are looking for nominations for Best Business, podcast and Best Overall podcast. Those are the two categories we're in right now. I'm hoping that we hit more next year because there are a lot of cool categories for that. But we're blessed right now to have those two categories. I'm excited for it. So please, if you haven't done so already, go ahead and go to podcast awards.com and vote for us. Cheating cystic fibrosis I know that's important near and dear to your heart and it's our home charity. Will you bring that up for me my friend?

Jaden Norvell: 4:25

Yes sir. Like always, you guys have been killing it raised over $2,000 already for the Cystic Fibrosis Foundation. CF is a terminal lung disease that my mother's had my whole life. She's taught five and longest surviving patients with the disease and she's a little over 45 So that tells you just how deadly This is. It kills kids that kills parents, teenagers, it doesn't matter. makes it harder for you to breathe in decreases lung functions like trying to breathe through a straw going uphill. So you guys have been doing great helping out donate you can donate at CFS earth.org backslash, donate, we appreciate it and love the support.

Dustin Steffey: 5:06

And then the last thing I wanted to bring up, I know our listener demographic, and I know most of our listeners are really intelligent. So I'd like to put that intelligence to the test. Please, can you all please, when you get a chance, go on to all of our socials, Subscribe, Like, Comment, we love hearing from our listeners, we would love to hear from you on how we're doing first and foremost, because if we need to course correct this train, we're ready to course correct it. And then furthermore, we want to provide you all with what you want to hear, we think you guys want to hear what we're putting out. But sometimes that doesn't align. So we want to hear from you. And we would appreciate it if you would kind of hit us up, send us a message on Facebook, send us a message on our Instagram, we have our website, www dot chopping wood feiyr.com, which has all of our guest profiles. We've had some very, very, very advanced, good, intellectual, wealthy guests that are more than willing to talk to you, and help you out and really give you the resources to be successful. It's one thing for us to talk about it. But it's another thing to put action into it. And so what we're asking you to do is put some action behind what you guys stand for. If you're listening to us, you stand for what we do, which is self development, entrepreneurship, making money, and chasing your own dreams. So with that being said, please like, comment, subscribe. On Saturdays we release which I know I messed it up this week, guys, so sorry in advance. But on Saturdays, we release a trailer for what we're going to be talking about for our Sunday episode releases. So Saturdays are the trailers on YouTube. So go to our YouTube channel and subscribe so you can see what we're talking about. Sunday's are episode drops. So again, please, if you have the time, go in to social media, which everyone has one and use your fingers and hit that like and subscribe button.

Jaden Norvell: 7:03

And you said we have intelligent listeners which we do. If you think you've got what it takes to be on shopping with fire. You get our website, you can sign up to be on the show as well. And we respond to every request. So if you want to be on the show with us pick our brains a little bit go to chopping feiyr.com and sign up.

Dustin Steffey: 7:23

The vetting process is super hard. Let me tell you, Jaden, Jaden, such a stickler

Jaden Norvell: 7:29

FBI background checks,

Dustin Steffey: 7:32

blood samples. With that being said, speaking of gas, we are blessed today to continue talking about crypto. I know we've had a lot of questions on the dips, the declines, what to do the other foot drop, like I'm losing all of those things. And I know we had a really great episode with during last week, we are blessed because we're actually rejoined with Darwin. He's a repeat veteran for our show. And we brought on Jeff Litecoin leader with us as well to to kind of continue the conversation forward and just really reinforce that education on crypto. So with that being said, I am introducing Jeff and Derwin. We're, we already know Darwin from last week. So I'm gonna give Jeff the floor to kind of talk about his background, and then we will get started.

Jeff Pinnacle: 8:23

Yeah, thanks, Dustin. So it's a pleasure. First off to be on here and I appreciate Derwin given the opportunity to meet you guys and come on here. But I've been in crypto for about six or seven years now. I used to do real estate, I used to do program management. I used to do a lot of football, writing and coaching. All those things kind of put together led me to my own website and YouTube and speaking on the topic, because a lot of people about a year and a half ago were saying, you know a lot about this crypto stuff, can you I was helping people for free on telegram. I still do that. But I was giving so much advice out there because as I learned when I was investing in real estate, I would go to the local meetings and learn and then I went and did stuff. And I came back and everybody was listening to me rather than the speakers that they brought in. And because I was the veteran and that that was that was how things were going. So I took all that knowledge base and just said okay, now it's time for me to get back to the crypto community built my own website, started a YouTube channel last year, taken off pretty well. And it led to a lot of speaking engagements around the country. I was at one of the meetups that there one facilitated on California and I have been like several states multiple times speaking at conferences and stuff and just become a crypto advisor I've been more of the more of the medium to expert level because I I've been kind of graduated from given we're just getting started. But I'm kind of the backstop for the people that I know that are helping people getting started and I do the advanced stuff because I always tell them I said as you're getting started being helping people get in because you need multiple people to teach. There's so many people out there that need it. If You get stuck to say, Hey, that's a great question. I know a guy, I can go get you an answer. And I'm usually that guy.

Dustin Steffey: 10:06

That's great. Because I mean, with us continuing in the journey, I think we're gonna go from kind of the basics of educating on the depths. I mean, obviously, we'll talk about the dip a little bit just to kind of reinforce, but we can go into some advanced tactics, a little bit of how you can make crypto work for you, because I know there's a lot of successful people in it. It's just writing the right formula to find that success and kind of teaching people what the right research looks like, and how to educate yourself to make the better decisions.

Jaden Norvell: 10:36

Yeah, we're very grateful to have you on we're going to go into the advanced stuff today. So you guys got to put your thinking caps on a little bit. Pay to do

Dustin Steffey: 10:44

what Jaden did today and pop out your notebook or your cell phone, which I hope Jaden got yelled at for having a cell phone and take notes and a cell phone.

Jaden Norvell: 10:54

Take it on the computer on the Mac.

Dustin Steffey: 10:58

Oh, that's super advanced. Oh, whoa. So Jeff, with that being said, I know a lot of what's crossing people's minds right now. For people that are in it, and people that have not gotten in it yet is Kryptos, taking a big hit, which I know Derwin. And I and Jaden looked at it, and it's not as big of a dip, if you look at it percentage wise as back in 2017. But most people didn't recognize that one and maybe weren't invested in that. So it's this is new for them to see a dip this significant. And I kind of want to just reinforce a little bit this dip kind of like, what your thoughts are with it, kind of maybe reinforced the fact that the other shoe hasn't fallen. And this is just part of a cycle, which happens and if you're patient, everything will work out. There's just so much to it. Crypto, in my opinion, is fascinating. To me. It's fascinating, because it's different from stocks, but kind of similar if you day trade and all that stuff. It's also fascinating to me, because it's a digital currency that in my opinion is it's tangible, what it's not and a lot of people like are little skittish around it, which a good example of this and no offense. Coach Jay, you know, I love you but Chadians dad, he, he's very old school very into like investing in the stocks and stuff and doesn't understand crypto as best as he could. Does that make him unintelligent? Absolutely not. But for someone like him. To understand this, I really want to be able to talk about some of these things a little bit to help people like him that are like my parents age, understand this to be able to create their own wealth, and then help people that are our age, obviously, to continue that trend.

Jaden Norvell: 12:51

Even younger, like 2018 You know,

Dustin Steffey: 12:55

we can teach my nine year old if you want to learn I don't mind so

Jaden Norvell: 12:59

they get crypto your thing is do with the glasses and the dark room just take it all the time. So it's good to shed some light on it and help people better understand.

Jeff Pinnacle: 13:09

Yeah, yeah, so crypto I mean, crypto is first off, it's not a get rich, quick scheme. It is a preservation of wealth. And the one of the things that they say about Bitcoin which is like the Kleenex or the Xerox of the brand, it is the leader in the clubhouse it's the as Bitcoin goes, as does the market is 40% of the entire crypto market. And sometimes it's even bigger than that. So as Bitcoin goes, so does the rest of the market. And Bitcoin has a natural four year cycle, because every four years they cut supply in half, there's there's computers that run that support the network. And they the people that run the computers are rewarded with more Bitcoin every so often based on how the program works. But that's that reward gets cut in half every four years. So this is a natural four years cycle to Bitcoin. So every four years, it tends to be a spike and then a dip, and then there's a spike again. And we're kind of in between the two spikes. And many people are speculating how the next how big the next spike will be, it could be 200 300,000, the last spike we had went all the way up to 60,000 range like 65 70,000. But now we're down to 20,000. So people are like they're worried about it, but they don't understand that that's the natural cycle of how this market works. And everything kind of rides along with it. So you have to and for people that have been in the cycle more than four years, they've seen it more than once, or at least one so if you've been at for a long time, you've seen him more than once and you just have to understand that you know if you knew that it was going to peak and then it was going to be a valley you would know to sell that at or near the peak and then wait for the valley and buy back again. So that's the kind of things you need to learn over time. It is not a kid get rich quick scheme is a wealth preservation scheme. And it is much like digital gold because it has all the properties of gold if not better, because it's easy to transport and more secure and those things

Dustin Steffey: 15:00

Something I wanted to bring up in my opinion. So for me, I'm the type of investor that's in for the long game. What I've done lately is I've taken my initial investment, and I've watched daily, and I've waited for it to grow enough where I can pull my initial investment out. So I can play with the growth money instead. Because I know a lot of people are very sensitive towards their risk tolerance, which, for those of you that don't want me thrown out big words, risk tolerance is the ability on how much money you're willing to invest, and be okay with losing, which lately with this economy, and how everything's going, I feel like everybody's risk tolerance is a lot more sensitive right now. So with that being said, That's my strategy that I take. And am I saying that it's the right one? No, I'm just kind of telling you what I do. Because I feel like you have people that are similar to me. Furthermore, I just want full disclaimer, all four of us on here are not financial advisors at all, all of this that we're discussing, is based off of all four of us, collectively, doing a massive amount of research, understanding this object, and being able to provide education, which is the most important subject that anyone can have is educating yourself on how to invest appropriately and responsibly. So I am telling you, we are not financial advisors, and furthermore, to invest responsibly. I sound like a drinking commercial, but invest responsibly.

Jeff Pinnacle: 16:41

Yeah, and I think it works. Well, like the same thing about you know, both of you guys have a football background. It's the same thing when you're in Vegas, if you're gambling on sports, or at the table, like, you know, you play responsibly, and they have perfect strategy. Like once you have your money, your initial money back, it's Houseman you're playing with so at that point, that's one investment strategy. Because in I know, a lot of people that invest in low puts 100 hours in if it gets to 200, though, so half, and all the rest and let it ride because they they've gotten their money back. And now it's a free investment.

Dustin Steffey: 17:12

Yeah, and with that being said, I brought up one strategy. I know, we promised our listeners today to kind of piggyback off of Darwin's interview and build on the inner the basic strategy, let's get into some of what these like intermediate to advanced strategies would be for investing, because there's a lot of cool things that we can do with crypto that I don't even know. And you guys know a lot more than I do. I know how to set up a wallet. I know how to get my investment. I know how to stake which staking is awesome, because I'm getting money back on the staking. Derwin did touch base on making your money work for you with like, the crypto credit cards and stuff, which I'm still a little hazy with that. So that's one way to make your money work for you. But there's so many different advanced tactics. And I'd like to get into that because I think it's important for people to understand that you don't just put your money in there and let it sit. I mean, you can and get lucky. But if you're trying to create generational wealth, you're going to be a little smarter than that you need to do what the banks do with our money already with fiat currency, which they take our money. And if you guys are living under a rock, I'm about to turn that rock over, they take our money, they invest our money, and they make money off of our money, and we don't see a dime. And that's that, like, that's the difference between centralized versus decentralized, we are in control of our money, which means it is our due diligence, it's our responsibility to do our due diligence to make the most money we can on having the keys to our castle.

Derwin Logan: 18:48

And just just by you knowing that right there, what you know, is you're way ahead of the Normie curve is like I like to call it so keep that in mind for everybody that's listening that knows what Dustin knows, you're 10 steps ahead of the average Joe you know the everyday person that doesn't understand Kryptos so that information is key. Just want to get going on it.

Jeff Pinnacle: 19:16

There's a ton going on. And there's a lot of different ways to play a smart people. The number one thing that comes down to as with any investment, you need to do education, you need to educate yourself about what you're getting involved in. There's a lot of people that there's a term called FOMO which is fear of missing out you just throw your money like the hot thing like if Dogecoin or Sheba is running hot like everybody's talking about it to talk about on Saturday live or whatever you people just throw their money at it. That is not an investment strategy that is just like hey, that's hot that's going that's like buying a lottery ticket. But one of the things you can do and it's a it's a it's a very good strategy is diversify. What you do is like you put something you know you'll hear about other products once you get involved in Bitcoin. I tell people that how do you get started and they will see lots of videos on YouTube like how Do you invest $1,000 And I tell people that here's how you should do it. And this is not financial advice, but I'm just saying, I've heard many experts say, you just like dollar cost averaging, just say like, Okay, you have $1,000, break it up into five blocks at $200. And just put $200 into Bitcoin for the next five months, once a month, and don't try to time the market, just do it a certain day of the month, and just do it. And that was, in that timeframe. Educate yourself. And at the end of that timeframe, you're gonna feel like, okay, I know a lot more than I did when I started. And I want to put more in, but you're gonna be much more educated and ready to be involved in those projects. Now, we started a newsletter this year earlier this year called crypto confidential, and it's a whole community Darwins one of our affiliates, he's involved in there too. But it's a newsletter. It's it's we do two AMA's a month asked me anything sessions. We the newsletter has like an attorney, we have a global perspective on the economy. And there's two other there's another expert Patrick and I are both writing each month plus we do the two AMA's. We have a telegram group, we have all the different ways to educate people. But when we started the newsletter, one of the probably the my number one article that I wrote for that was like I was asked to pick my 1010 or 11 products for the year. And we're going to track them. And obviously they're down because everything's down right now. But not only did I pick them, but I didn't want to just give people a fish, I wanted to teach them how to fish. So my article that's probably been the number one article for a while now is how to get from 10,000 products down to 10. And I taught them and say, here's how you do it. And that if you joined, cryptic, confidential, that's the first thing you should read. And then we get everybody back on. We've also Patrick wrote the 10 Crypto commandments. And one of them was like the dollar was garbage or you know, not your keys, not your coins, you know, keep it safe, keep it secure. Those kinds of things that if you have those 10 rules will keep you safe, and keep you smart about how you're moving forward. There's lots of other aspects of I'm sure, we'll get into about staking and masternodes, and defy and liquidity pools, which I'm sure are throwing a lot of listeners for loops, because they may not know any or all of those, and we can go through each one. But those are some of the more advanced strategies you can talk about. But the main thing is you want to understand, they don't put your money into something you don't know what you're doing about it. And if you just watched a video on YouTube, and said, Here's the hot coin XYZ, they're not going to make a video saying here's when the sale, here's where to get back in. And so that's where you need to learn how to do that maybe you need to learn how to read a chart, maybe you just want to say I just want to put my money in there. And it's a three to five year timeframe, and that's fine. But have one of our 10 rules of the crypto commandments is have a plan. You want to have a plan before you invest that way. You know, if the market can do three things, it can go up, it can go down or it can go sideways. You don't want the market telling you what to do you want to have a plan already to react to what the market does.

Dustin Steffey: 22:48

Those are some that's a lockdown package. It's such great advice. No, it's It's awesome. Because that's there's a lot of good things in that. The one thing that I wrote down and I think we'll have this I know that we'll have your guests link on there. First question is for the 10 commandments. Are those visible on crypto confidential are those visible in general, they are not something that you guys like wrote on your own

Jeff Pinnacle: 23:15

we, we wrote on our own but we need we made a one pager that we like make available and it's on my Instagram and I can share it out. And I'll give you guys a link to it. So you everybody can look read those 10 commandments. But they're like the dollar is garbage, like due to transactions are better than one that's like when you send a test transaction. You don't want to send $10,000 or wants something else to a new address. What have you been up? Because you've messed up? Exactly. There's one of the things is being your own bank, but there's responsibility to that you don't those banks just don't send $10,000 to an account they've never tested before they send like 20 bucks, make sure it gets there, and then send the rest unless it's

Dustin Steffey: 23:57

our government. And then they do that all the time. They just printed it just yeah, here you got here. Here's the 20. So with that being said, I will post the 10 commandments on the episode description link. So that way, our listeners can look at that because I think that's so powerful. That's a good starting block, in my opinion, to kind of wrap your head around like the journey you're gonna go down. With that being said, I also think it's important for our listeners to realize that Jeff and Derwin put a lot of time in not crypto confidential. So if you guys are interested in more impactful knowledge that comes out on a pretty, pretty decent frequency, I would definitely subscribe to that. I know Jaden, and I will look into that and we will as well too. But we're not going to. We're not going to talk about that because that's your baby. We're going to subscribe and be the smart ones in the backscene. And then obviously your YouTube just like Durwin super important you guys give lots of good, valuable information. I think one thing that I learned from what we're doing nakijin right now is do your homework, right? You're going to start to fall in love with certain people that are actually intellectually able to drive this in the right way. So I'm not Elon Musk. Jaden is not Elon Musk. Jeff isn't, neither is Darwin. We can't sit there and say, Bye Dogecoin. And then it searches overnight. That's not who we are. So we take our talents, and we educate ourselves on what Darwin said last week, which is the white paper reports to really look at, in detail, the cycles, the coin, and really make a good choice. So for me, I'm very similar to Darwin. I'm very similar to Jeff, I have eight coins that I really like eight, the top two ones, for me, Bitcoin Aetherium, obviously, and then after that, I like Cardano, Solana, I like those two as well, quite a bit. And then for my fifth one, because I'm not going to name all a I'm I'm torn. But my fifth one right now in my portfolio is polka dot, which took a massive, massive dive. But I still believe in the reporting of it, because I think it's a good coin. And then I have light coin at six. Unfortunately, Litecoins been a roller coaster for me, and it's been insane. So I don't know much about it, it'll probably pop up in my top three here soon, if I can understand it better. So that's just an example to our listeners of me with the homework I've done on what I'm invested into. And I have two of those coins being staked right now which Solana being one Cardano being the other, and I was getting good steak rewards on that, which we'll talk about staking in a second here. But I was getting free coins in that currency to myself to grow that as well. So all good stuff, all homework that I've done, I am not professing that I am an advanced crypto person. But I am saying that I am intelligent enough to understand how to make it work for me a tiny bit, the strategies we're gonna go over are going to even help Jaden and I to push our investments to the next level too. So that's just a little recap of what we're unpackaging right now. And we're gonna move forward to staking.

Jaden Norvell: 27:16

Its its Kryptos. Cool. And I know for some of our listeners, this can sound very intimidating in some of you, and I'm in college, I don't have a lot of money to throw around. But it's important you guys listen to these episodes, and you do your homework, even if you don't have money to invest, do your homework. So when you do, you can make the right plays. But like I said, we are in a dip right now, it's probably, in my opinion, a good time to buy, because it is affordable. So if you want to give it a try, it's a good time to start.

Jeff Pinnacle: 27:48

Yeah, and one thing people need to know is that you don't need to buy a whole Bitcoin. Alright, you don't need that 20,000 hours Buy Bitcoin, you can buy parts of a Bitcoin. Yep.

Dustin Steffey: 27:57

And also do not be that person that I've listened to for the past 20 years. Oh, remember when Google did this, and I should have invested and I would have been a millionaire, don't be that person. You have the opportunity right now to make money. Don't be the person that is waiting for the train when the train was in front of you. I mean, if you have five bucks to invest, try it out with five bucks, somethings better than nothing like seriously, I understand that. Some of our listeners, if not, the majority of us are impacted pretty negatively with how the economy is going right now in general, and with gas prices and everything. But I would budget a little tiny bit to try this out. Because if you can set yourself up for success, and we can be the drivers to help you guys with that. That's what we're here for. We're here to help understand crypto a little bit better. I our podcast is not only about self development, it's about entrepreneurship, and you can be your own entrepreneur Derwin and Jeff, are two spitting examples of working normal nine to five jobs, and they are entrepreneurs for themselves. Jaden and I are like halfway in halfway out right now. We're halfway entrepreneurs, but halfway, still within the normal condition nine to five world. Yeah, you

Jaden Norvell: 29:17

got to do what you got to do. And like Jeff said, you can just set a $500 you can put five in every month, but be consistent so you can see results, positive or negative and decide what's best for you.

Jeff Pinnacle: 29:28

And then replace First off, you got to remember, like I like to remind myself, I like talking to new people all the time. Because we all were a new person. At some point. It wasn't that long ago. We were all new I've been doing for six or seven years now. But I like talking and giving talks to people getting started because I like to hear their questions and what it's like to get started because getting started now is a lot simpler than it was when I got started. And I continues to progress. So but otherwise as far as money to get invested. There are free ways to get some money to get started. I mean if you like On my website, there's like if you go to the corner, there's a get 40 bucks button. And it's a free 40 bucks to get cash app and the Nexo apps, you just download those two apps, and they'll give you $40 to get rolling. And it's just a freeway in the easiest ways to get bitcoin is through the Cash App. And it's just there's a little button the corner that says Bitcoin, and you just buy bitcoin, throw it, and you can buy five bucks, 20 bucks, 100 bucks, whatever. Just remember, that cash app is not a wallet, you should learn how to move it to a wallet, so your bitcoin is secure.

Jaden Norvell: 30:31

On a side note, if somebody asked you to send them money in Bitcoin is usually a scam, I got scammed one time, do that.

Jeff Pinnacle: 30:42

If you don't know it, I mean, reach out, let me reach out to Derwin or myself and once 99 times out of 100, it's a scam, you don't get free money for this unless it's like you're downloading an app or using an app. And that's basically a marketing thing that they're trying to acquire customers. So 510 25 bucks, that's reasonable, maybe even 50 or 100. If it's a really aggressive marketing campaign, but more than that, do not send a Bitcoin to get to Bitcoin back. That's not real.

Dustin Steffey: 31:09

Jeff, if you can make me some free money, I am following you all day long. Let's do this.

Jeff Pinnacle: 31:15

I will tell you, I will tell you I go around to I live in Myrtle Beach, South Carolina, and I have gone into gas stations, convenience stores, and I have a I have a business card and Baron can tell you about the state. But on the back of my business card is three QR codes. And I said, I'll walk up to someone said he could use 40 bucks. And they'll say sure, and I did do a two or three minute speech in the same speeches on my website on that get 40 bucks and said here, download this app, download this app, and you'll get 40 bucks for free and I it's not coming out of my pocket, it's coming out of theirs. And now they learn how to get bitcoin how to move bitcoin and how to borrow against Bitcoin, which is nothing that people will learn about being your own bank, you can borrow against Bitcoin or Aetherium. Do it conservatively. You don't want to over leverage yourself. Because Because again, as you can see, it can go down a lot just like other investments are doing too. But you can if you have 100 hours of Bitcoin, you can borrow 1020 bucks of it. And that's what the banks do you borrow against that the whole days.

Dustin Steffey: 32:11

Jaden and I want to get to a point where our investment within the crypto industry, I'd like to buy a house eventually. So would he I'd like to borrow against my investment, and pay myself back and pay my house off. Essentially just pay my investment. That's, that's the type of investor I am right? I want to take what I've invested, save it, sit on it, grow it, and then turn around and invest it into another tried and true market, which is real estate, and really have this generational wealth work for me.

Jeff Pinnacle: 32:44

Yeah, well, the interesting thing right now is that you know, being involved in on this, I get I become like an an amateur economist because I have to watch all the things that are going on. I used to do real estate, that market is getting hit now. But I have many friends that like they look at everything in the vault as the value in Bitcoin. So like this house used to be 20 Bitcoin now it's five an event and now there's companies out there that property.com is they will sell houses through Bitcoin. There's also you can borrow, they're starting to write mortgages against Bitcoin. So that's becoming a new standard. It's just it's people are confused. There's they're concerned because they don't understand Bitcoin. But once you realize that all of your money, which is really currency is different. But all your currency is digital anyway, no one really, it's rare, you reach into your pocket and get unless you're tipping a tipping for an Uber or at the restaurant. Most of the time we're not using cash, we're using our card and swiping it. So most of your money is just ones and zeros on a computer screen anyway, that's not much different than Bitcoin, or any other cryptocurrencies. But, you know, Dustin, I caught your list of six coins and I noticed the trend of all six of them. They are all what they're called Platform points, which is one of my favorite things. They have their own blockchain, which means that other stuff can get built on top of it. Yeah, the way I tell people about that is that blockchain is different than Bitcoin. Blockchain is like we all have smartphones, and your smartphone has the operating system that makes it run whether whatever name they give it, but it's there's like software that runs on there. So that the blockchain is the software that runs and then bitcoin is the first app you would download is the first killer app that everybody wants. So every app is like another Bitcoin or crypto project. You have 18,000 apps that are out there. There's like 18,000 Crypto projects, but we all have that the underlying technology, the operating system is the blockchain. So that's the difference in how you can start to understand I use a lot of analogies to try to make people understand what they already know. Like if they know sports, if they know real estate, it's a no auto mechanics, whatever I can draw upon from my background, say, okay, you know, this, like, you know, you get the frame of the car and get the engine and get these parts. They all come together that sort of thing, but the operating system and the app is the best way to understand blockchain versus Bitcoin.

Dustin Steffey: 35:03

And I might be a weirdo with this, but bitcoin is not my number one coin. Yeah. Aetherium is my number one coin. And the reason why I see you looking, the reason why I have Aetherium as my number one is I am super interested in web three. And Aetherium is building a lot of things centered around that web three, and it intrigued me where I have enough. In Aetherium, I have two full year Aetherium coins, and one of them I bought based off of this debt. There's no way I have 20 grand laying around to have one full Bitcoin I do have money invested in Bitcoin. But if you Aetherium can pop up and double where its Max was, which I think if I remember right, it almost hit four grand it was like at 3800. So if it can double, and I can take one of those coins and take it and invest it into Bitcoin. I'm going to do it that way, because that's what I want to do. Because I think that Aetherium has some way to move up more it is the number two coin in my opinion, it is a strong two

Jeff Pinnacle: 36:06

is the number two coin. And I'll get to why I advocate about that. Yes, of course, I want to point out to the listeners, you broke one of the rules that we had, it's not one of the commandments. But we should kind of corollary the commandment should never tell people how much crypto you have. Because you may think like, oh, I only got two or three. And but what if Aetherium is $50,000 Tomorrow? Now you don't do and walk around with 100 grand, that's not good. Like you, you don't want to make yourself a target. So just never tell people how much crypto you have in general, just like you want to say I have on 100 grand and under my mattress. So same kind of idea. So just be cautious on that.

Dustin Steffey: 36:41

Yeah, I wanted to make that mistake on purpose. So you point out there Yeah, I gotcha.

Jeff Pinnacle: 36:45

Educate the listeners. Perfect. Exactly. I always point that out and kiss because I've seen many people with experience doing that too. And just like they'll say, oh, it's not that big of a deal is look, you have experience other people watch you for your experience. Don't teach them a wrong thing to do. So you have to be cautious that so any even an experienced person will have that mistake. But the reason I'm hesitant about Aetherium if your aim is a utility coin, there's there's no question you got to use it a lot. But it the network is sluggish. They're trying to build a second generation and cerium now, they keep delaying it and delaying Aetherium

Dustin Steffey: 37:17

2.0. Right just for listeners to understand because I know some of them know about it. So

Jeff Pinnacle: 37:22

yeah, if you're into Dotto and Vitalik Butyrin is the guy who's in charge of that, and he keeps delaying it, delaying it, delaying it. But you already mentioned two projects that are compete with it, maybe even threes was Solana. But Cardano Charles Hoskinson, who used to be one of the first eight people that develop the Etherium. He leads Cardano and polka dot, which is Gavin wood, also one of the eight founders of Aetherium. Both those guys left Aetherium because they thought they could do better. And that's what they're building other building competitors to Aetherium a theorems utility really lies in the fact that everybody needs to use it because there's so many products built on top of Aetherium, it was pretty much the number one or the first platform point. They're very built on. So all these NF T's web threes, but there's a bunch of other products that are coming up quickly that are competing with that and that's I tell people like one of the cardinal things about if you're going to invest in what they call all coins, which is any coin that's not Bitcoin, be able to give the Elbe elevator pitch for that coin. Can you explain the purpose of that coin, like light coin is the crypto silver to Bitcoin? Crypto gold. So it's so that is like in one sentence, that's the purpose of it. It's like, if you're gonna buy lunch with Litecoin, versus you're gonna you're not gonna buy lunch with Bitcoin because of the light coin moves faster, that sort of reason. But Aetherium it's a platform coin with smart contracts, you can describe the coin in one sentence, that makes it but if you're if this coin is like, it's like a Chucky Cheese coin, you only use it for this. And it's a defy platform, it only works on this like is eyes will just roll back in their head. If you telling people what that is, they will understand it. But if you can just say, hey, here's like one product I really liked is called theta. And that project is they do decentralized bandwidth. So they're sharing like, they're building a new internet. Like everything that's going to run on the internet. And they have they run like the guys who founded it, have VR patents. They do. They used to do YouTube and Twitch, it makes a lot of sense. Kind of like the old the old Napster and sharing bandwidth and sharing files. That's what data is doing. So that kind of if you can explain a project in one or two sentences that and it's a platform coin that makes a shortlist makes a big category of 20,000 points get down to a shortlist pretty quick.

Jaden Norvell: 39:34

That's good advice just in life in general, if you can't, if you can't explain it, give an elevator pitch. They'll do it.

Dustin Steffey: 39:40

Yeah. So so that's something I want to pump the brakes for a second. I want this stew for our listeners. A lot of people that come up to me. And even Jaden, because we had people come up to us both together. When we were at our live event that talk about crypto. You have to be able to understand to the tee What you're investing in, because when you don't understand, then of course, the darts thrown up against the wall aren't going to all stick. So yes, very good advice. If you're invested in crypto right now, and this is to my veterans, to our beginners and even intermediate people that listen to our show, know what you're investing in to do the research, Jeff just gave us a goldmine of different coins, with the background behind it. And I just so happened to be lucky and fortunate that I was educated in that myself by the people that I surround myself with. And that's why I love those coins because of the same reasons he brought them up. We have two coins. I'm invested in that our founders of the Big Eight for Aetherium that are trying to do it better, and they will and they proven it already in the surge. Everything like Solana, for example, was surging. It was doing great. I love that coin, I can stake that coin Cardano I can stake Cardano as well. Polka Dot, I don't think I can stake not on Exodus anyway, I was not able to stake it. But I will basis but yes, yeah, I'm hoping soon enough, I'll be able to stay polka dot too. Because I think that that's a great coin as well. I have not I did get on the Dogecoin train for a little bit when I first invested. And that's because, well, I didn't educate myself, I broke another cardinal rule. But I made money off of that. Luckily, because I was day trading it so there's no there's no rule against me, he trying to make money, obviously, to put it into something better. So I just want our listeners to understand that Jeff brought up something that is just a goldmine of knowledge right there. And that is really reinforcing, educating yourself on what you're investing into. I bet you out of all of our listeners 5% or less know really the background story behind bitcoin, or the background story behind Litecoin or the background story behind Hi new Aetherium how I will roll myself up into that and of the coins I'm invested to probably half of them. I know the story. And the other half were like throwing darts on the wall. And I got lucky, based off of talking to people and actually like gaining an understanding. So yes, I got some education. But I can't do what Jeff just did. And name all eight of my coins and the background behind it. I need to do better about that. So that in my in my realm is an opportunity for me. So while you guys are learning solar, we and even Jeff is to Jeff knows a lot of things. But I bet you if I were to ask Jeff right now he knows everything. He's gonna say no, he doesn't. And he's learning every day as well, too. That's why we're here.

Jeff Pinnacle: 42:44

You're always learning you get that you got to check your ego at the door, there's no possible way to know all 20,000 products that are out there. I tried to educate people on the major products. And what I did last year, I created a game on my website. And that's how I introduced a lot of my videos. And I created a very common game and transformed into alt coin opoli. And I have made all the spaces on the board, different coins. And I just made videos about each coin and talked about each coin from the background and why that coin exists and so on and get educated people on 30 to 35 projects. And then I gave away obviously a trip to Myrtle Beach. And actually Darwin won it last year. But I was he did of course he did. Yeah. But I mean that you had to watch all of them and put them in the right space and submitted to the website. But it was a great way for me to educate people about 30 ish projects that I knew about and liked and the reasons why I liked him. And again, there are a lot of what they call layer one, which is you know, they have their own blockchain kind of projects and a lot of the coins you just mentioned Solana was not around then but there were they all made that shortlist.

Dustin Steffey: 43:47

Yeah, it's it's important that we really understand like these coins. We talked about a couple strategies. We've been harping on the education piece quite a bit. We harped on the 10 commandments. We talked about crypto confidential, let's talk about the fact that we have the keys to the bank and how to grow that money the same way that fiat currency has been growing for the last while since the gold standard dip and we went to ACH.

Jeff Pinnacle: 44:17

Yeah, I think that one of the things that you want to do is like you know do your own research another thing use an acronym dy Oh are you see a lot as well as Hottel is at the top of my shirt, which is hold on for dear life that came out from that was actually a meme that came out and on the chat board that somebody was just typing all caps and they type hold the wrong way and people just went with it. And that just became a hold on for dear life. That's basically where we're at now this year is waiting for the Bitcoin to come back up. But as far as ways to make your money work for you than working for your money, you want to invest your money and whatever your investment is, and have it worked for you. So some people like they preach. They preach different recipes that you have heard the I think it's 5020 or 2550 25, like 50%, Bitcoin 25%, all coin 25% cash as a general recipe to hold on to that way, you're always have some what they call dry powder or money on the side to invest or buy the dip. But eventually, what happens is that the dip keeps coming in and eventually, like dry powder runs out. So you have to learn that you know when things spike or when things go up rapidly take some profits and know how to take some profits. And that's how, like, you need to have a mindset. And that's where it gets back to having a plan one of the 10 commandments we talked about. And when you mentioned those Dustin, it's, you had a plan, you were day trading it. So that was your plan, it wasn't like you're gonna buy Cardano and hold it for several years, which is a great plan. But your plan was I'm going to buy this because I think you know, when Ilan comes in saying I live is going to spike. I mean, I did that too. And then you make a little bit of money and sell it. I told a friend of mine, sell it Friday night, because probably people are gonna sell on Saturday come up to the show. That's exactly what happened. And that was the plan. That was the plan we did before the market starting doing it. So that's that's a good way to make you know, when things go up, you need to take profits, because there's a you have to check your motion at the door, because it's a very emotional ride to watch the chart and see those green candles going up, up up. And you think it'll always happen and continue. At some point I will top out and come back down. It doesn't always you don't know when. But if you're if you have a plan to say I bought this coin of the dollar, when if it gets to two, I'm going to sell half of it and take my money off the table, execute that plan no matter what happens you your if you see it's to 250 Great, you didn't catch it. You didn't catch it too. But it's a 259 you sell it and you're done. That's fine. You made your money, but you execute your plan. Don't let the markets like oh, wow, it's a two now oh my god, no, it's gonna go to three. Next, I'm gonna go to four. And but it may very well do that. But we can't predict the short term timeframe, we have no idea what execute your plan. One of the things I never like to do is sell all of it that way, if it keeps running, you still have some, but execute your plan. If your plan is to sell half when it doubles didn't do that. Or if you have a strategy of I want to do there's a there's a term called laddering out not to get too technical. But it's like if your target is two bucks, maybe so it a little bit $1.50, a little bit $1.75, then let's add another sell at 225 and 250 bounces out to two, but then you get it as it moves up, you're selling more and more in average out the two. But if it never gets quite the two, you've taken some profit. If it gets over two, you've gotten a little bit more profit. So it kind of balances out that way. And that's one strategy. So you have a plan. And then we can talk about you know, masternodes, we mentioned earlier, the thing Darwin touched on staking, and you can just basically staking Yes, putting in what's called a smart contract, which is just an agreement with a coin, you pledging more coins to the project and say, I'm not going to move these coins for a certain number of days. And in return, you're helping the network to grow by having another stable spot on the network. And they give you more coins for doing that. So you get more coins, the network gets more confidence or more security of the network and everybody wins. So that is how you staking and masternode is an extract a certain critical number. I think it's not quite built that way for Aetherium. But I know that you can stick with 32 Aetherium when they get to theorem two Dotto, and certain products have masternodes a little masternodes are kind of dwindling. Everybody's joining staking now. Because that way, it's not a set number. But and you can get even more complicated by getting into the defy realm, which is just started in the last year or two things continue to evolve. Like when I started defi didn't exist they came didn't exist, you just these are things that as we evolve, and as this is we've bitcoin is 12 years and 13 years old now, like when just turned 10 Most projects are in about seven years or less. So we've not been around for a long time. So things change and evolve, like every six months to a year is a long time in the space. And that's why people like me that have been in space six or seven years are pretty rare. Because it we've seen a lot in a short timeframe because I've been investing now for more than half of bitcoins life. So there's lots to learn, you can learn about defy, you can learn about staking, you learn about liquidity pools, it gets more complicated, but that's why people like I have a channel and I try to give as much weight as I can for free. But I keep the lights on to by doing individual consultations and I have a Patreon and that sort of thing, and the newsletter, but I make things from anything from a $5 Patreon a month, all the way up to a little over $100 a month for the newsletter. And it's like, I do stuff for free. You have to people have to learn and I understand that not everybody is sometimes money is tight, but sometimes people want to get more advanced. So I have to give her that rainbow of selection for people to have what they want to do and how they want to invest or how they want to learn a

Dustin Steffey: 49:39

couple things I want to kind of unpackage with that one. First and foremost, we're not here to tell you guys to go out and like spend a bunch of money but in the same token, I'm gonna give a little bit of tough love to our listeners right now and say, If you truly here are here to better yourself, it takes money to make money which means that you Have to and this has been something that was taught to me even since I was born from my parents, you have to invest in yourself. And so you have to learn that if you want to be in a better situation at some point in time, you need to invest a little bit of that money, even if things are tough, take that risk, because that risk might pay off in dividends. And so, Jeff Derwin, Jaden and I are not here to tell you guys how to spend your money. But in the same token, I will give that tough love, you're not going to make anything if you're not going to step out of your realm to make money and actually give a little bit in return to be able to make that money. So that's one thing that I'm going to bring up. The second thing that I wrote down that Jeff brought up and kind of brushed by he brought up green candlesticks, for those of you that are not financially savvy, in what a green candlestick is. He's talking about the candlestick reports that are financial reports that show red and green candlesticks, whether it's something's going up or down. It's a financial report that you would see on any investment site, it would be, I would think, and Derwin can correct me if I'm wrong, it would be similar to looking at the white paper reports, if not being a white paper report, in a sense, looking at the ups and downs in the cycles, correct?

Jeff Pinnacle: 51:17

Well, it could also be your day trading, too.

Dustin Steffey: 51:20

That's yeah, I use the candlestick for day trading, I use that. So

Jaden Norvell: 51:26

that's what we touch on if you guys aren't, and you got to invest in assets, man, if you want to be wealthy, putting your money in the bank nowadays isn't going to give you what you want. As far as your return, you have to take a little bit of risk, and do some investing.

Dustin Steffey: 51:44

Jaden is actually a perfect example of this guy's like, for those of you that already know Jaden pretty well, he's 22 years old, he's not, he's not rich by any means. He's in the pinnacle of like beginning his life, but he's still taking chances and investing because he's starting early enough where this is gonna pay off dividends for him. So all we're saying is, everybody's in a different walk of life. And so invest responsibly, number one, number two, invest comfortably to what your risk level is. But don't don't pump the brakes. Don't be that person that is scared. Either jump off the cliff, get pushed off and do it or don't. I think my dad or my mom would call it in their generation shit or get off the pot.

Jaden Norvell: 52:35

And nothing happens overnight either. So no,

Dustin Steffey: 52:37

not at all. Yeah, and this is tough love, right guys. Like, we would be a terrible self development entrepreneurship podcast, if we didn't have these tough conversations on having you get off that pot to like, better yourself. And so this is this is the truth, right? The truth of the fact of the matter is, is you make money by investing more money. Any business owner that's like minded, like us understands that, you know, running your own bank is a business folks. So with that being said, You are a entrepreneur new or when you start diving into this world, which means in order to make money, you have to spend it little bit.

Derwin Logan: 53:19

Don't don't invest more than what you can afford to, you know, if you're gonna spend your last tweet ours on eggs, or crypto or Bitcoin, buy eggs, you know, especially times right now, you know, food shortages are high. You don't want to, in my opinion, not financial advice, but you don't want to split your last $20 on big money when you can buy food for your family. You know, that's common sense. But a lot of people don't think that way. They're like, Oh, bitcoins down. Let me unload the truck. Let me back up. Do all this so my house everything to get into crypto, and then it crumbles? Sure it's gonna come back up. But when you see it crumbling, you're jumping out because now you got to feed your family, you got to pay bills. But if you can afford to this wound out, zoom out, and hold on.

Dustin Steffey: 54:16

And, and just to like, put that into more perspective of what Darwin said, What Darwin is saying, and I think I got this right is don't cash out like the stock market does when you see an extreme dip like this, if you can hold on to your generational wealth and hold it there. And you have a little bit of money to live off of hold on to it because you have to read those white paper reports to see where's the cycles are? Jeff brought up a great point at the very beginning to these cycles that are extreme, or every four years from what I remember from what Jeff was saying. So we're in that fourth fourth year right now because I mean, 2017 to now 20 Haven't team was the last pretty big dip. And now only

Jaden Norvell: 55:03

Derwin say, Darwin said the other day, it's their man made dips. It's, it's not like it's not going to come back up. This is Ben. And I could be wrong, but it's somebody at the top is doing this on purpose.

Dustin Steffey: 55:16

Well, Jeff reinforced that a little bit in the beginning, too, with kinda his explanation and strategy of it. So yeah, very, very true. Again, I'm not here to tell you don't buy those eggs, buy the eggs if you need to buy them. But if you can hold on to your generational wealth, hold on to it. And hold on for dear life. Because it's it's one hell of a ride right now.

Jaden Norvell: 55:37

I kind of want to go for cool with changing topics and kind of want to go into the the more advanced terms you had brought up in the beginning. And kind of get going down that road far away. I don't I don't worry, man, there was like four

Jeff Pinnacle: 55:56

or five rooms. Okay, I'll get to them in a moment. But two quick points. Before we close on that I just want to point out at somebody, I saw this on Twitter today, this goes back to having a plan and a time horizon. If you put $1,000 in Bitcoin 10 years ago, it'd be worth $2.8 million today. So but you have to what I call do the crypto coma, just put it there, set it and forget it, just walk away and just you put 1000 hours in and say might timeframe. Like if Jaden wants to buy a house in 10 years, he's got $1,000 in Bitcoin, maybe it doesn't get to 2.8 million in 10 years from now, but it's going to be worth a whole lot more than it is today. And I can I have a lot more confidence of saying where bitcoin is going to be at in 10 years than I'd say in 10 days, because the short term timeframe is much harder to break down a long term because I've got two full cycles and lends them in 10 years. So I know that the supply is going to be much, much less than demands can be much much higher, and the dollar is gonna be worth a lot less by then. So the other thing is like Jake isn't speaking of investing in yourself, Jaden is doing that right now. He's going to college, he's investing in himself. He's those courses cost money, it costs money to go to college, just like getting education for myself or Darwin or any other crypto expert, or getting a newsletter. Find someone you resonate with and invest in yourself by subscribing to that and getting more education because that education actually expedite your learning curve. You learn faster by talking to someone who's been down these roads faster. But now let's go back to what Jaden was talking about, which is these complicated ones. I'm gonna start with one that was liquidity pools. So that's a defy term. And what those are is it's basically like I don't know if you've ever been on like a site like uniswap, or these other swap tank, pick a food swap pancake, whatever, you know, bacon swap, we there's been lots of them, sushi swap is out there too. But the way that these sites work is that people pledge coins to the site. And what you're doing is that this is a site called decentralized finance. And it's a decentralized Exchange, or a Dex a d x, decentralized exchange Coinbase Kraken Gemini by Nance, these are all centralized exchanges, or CX is they don't really complexes but but there's the decentralized exchange versus decentralized. The decentralized require people to put coins there into what they call liquidity pool, which provides liquidity for people to trade. So if you want to swap Bitcoin for Litecoin, or, or Cardano, for Solana, you need to go on if you go on that site, there's got to be enough coins of both so you can swap between one one or the other. So if I was if Dustin wanted to swap his some of his Solana for some Cardano and I put Solana and Cardano into liquidity pool on that particular site, I would get rewarded a little bit of the cost of him doing that transaction. That is the reward of being involved in liquidity pool and liquidity pools, it's a little riskier, so you have to pick and choose properly you don't want to be a little not fly by night ones that are offering 10,000% a year I do the ones that are like less 100% or less, which is it sounds crazy risky, but it's not nearly as risky as these Fly By Night ones but you invest in if you're an I like to invest in ones that I like both sides of the project. So if I like a platform called cosmos or atom, that's another layer one has their own blockchain kind of project and they have lots of like these products are often have other products built on top of them. So Adam has other products that I liked on there that you could swap between the two so I'll put the two coins I like into that particular liquidity pool, earn more money there that wouldn't make him sticking either one and benefit from that. You can do that with Solana you can do that with polka dot you can do that with a lot of layer ones are ones that have their own blockchain because they creating their own ecosystem of families of coins, and they have liquidity pools like this status 20 coins, where you can have a whole lot of pairs of 20 coins create a whole lot different liquidity pools and they will reward you for providing liquidity putting those coins into the business for them making those swap is available, and you get rewarded for it. So that's another way that you can make your coins work for you beyond just staking.

Dustin Steffey: 1:00:07

Very cool. Another thing that I want to bring up another advanced term for those that have been in it for a little bit, they start to develop what's called crypto dust. And what that is, and Jeff, hold my hand with this one in case I butcher it. But what Krypto dust is, is sometimes when you want to trade a certain amount, so I'll use Shiba Inu. For an example, I have crypto Dustin Shiva III knew because I don't have enough of it, to be able to put into your Aetherium or Bitcoin or whatever. And so that leaves, sure shards, dust or a coin that you're invested in that you do not want to be in, but you can't move it because you don't have enough of it to move into something else.

Jeff Pinnacle: 1:00:52

Right, there's a fee for whenever somebody moves a coin, there's a fee that you pay for the transaction. And if the mountain you have is less than the fee, it's not profitable to do it. So let's just say the fee was five bucks on the site. If you have less than $5, a Shiba Inu or any other project, then it makes no sense, you have a couple options. I know that binance often does that you can, you know, you can swipe it can push all your dust into binance coin, and then they'll just give you the by Nance coin that way. That's something that's nice. They do that some of the some of their sites do that. The other option is if you don't have enough shoe, but to trade, you can buy more Sheba, and then package deal with these, if you only have $1 of it, you might buy $10 More, and now you have $11 Now you can transact all 11. That's another option. But that may be more costly than just trying to sweep the dust. So hopefully you can sweep the desk, but either just leave it there, and just hopefully it grows or you just like it's the cost of doing business. And it's part of your transaction

Dustin Steffey: 1:01:47

fee. So transaction fees in the crypto world just for our listeners, since we're given advanced topics here, they're called gas fees, just so you all know. So they're the cost of doing business to be able to trade it for these platforms to make a little bit of money on it to you know, use that money, kind of like the banks do with our money. Um, with that being said, Exodus needs to come out with something like by Nance, where I can take my dust and put it into like the Exodus coin or something, they really need to figure that out, they've come a long way. Exodus is my wallet. I love the fact that I can buy directly in Exodus now, so I don't even use Coinbase or anything else. And it's been great. So they just need to evolve a little bit more.

Jeff Pinnacle: 1:02:31

Yeah, that's another rule that we have goes back to one of our commandments is have multiple pathways like if you have multi multiple wallets, if you get into some of these other all coins, they may not be in the Exodus wallet, which is my top wallet. It's it's a great wallet. And but the fees to transact, they're a little bit more expensive, but it's the safest way to swap because your coins never leave your wallet. So it's kind of like, like going to 711 you know, you're not going to be you're paying for convenience, you're not gonna get the best price on the milk or the soda, but you're going in and out of the store in five minutes. So that's great. But if you want to go like I have, I have things on my on my like one liter.com site that you can swap from and you can get like lower fees, but you need to know what you're doing because I tried to tell them like it's kind of like it's kind of like a chess game you want to get from point A to point B, how few moves can you do it in to try to minimize your transactions I want to get from eight. I want to get from.to polka.to Solana, how can I do that what sites will allow me that's the best fees and so on. You need to know that and be able to figure that out. Also you need to figure out how to get your money into Fiat US dollars back and forth if you need to. And there's like there's the Divi wallet, there's Coinbase there is there's Cash App

Dustin Steffey: 1:03:45

there's a lot of the Divi the Divi projects up in live chat like the Divi wallets working,

Jeff Pinnacle: 1:03:49

yes. Who went live last month and okay, that's

Dustin Steffey: 1:03:53

new, and we should talk about that because that dibby project was a big deal for you guys. I did not know that. That's awesome.

Jeff Pinnacle: 1:04:01

Yeah, that went you know, I'm not I know that. I know, the founder the product. I'm not tied to the product. But yeah, yeah, but I know I know the project intimately. And that was a big thing. They they have the partnership with lovely guests, they have a huge visibility. And now the Divi wallet has an on ramp and off ramp for US dollars, which is huge. And they can that's also compatible with a lot of the Etherium points too. So it's now it's not just like three or four coins. It's hundreds.

Dustin Steffey: 1:04:28

That Debbie wallet, does it have a credit card link to it as well or it's not there yet?

Jeff Pinnacle: 1:04:34

Not yet my best and I'm talking this project because my favorite card is Bitpay that's my favorite card.

Dustin Steffey: 1:04:41

That's a new one Bitpay for our listeners, that's a new one that's come up now.

Jeff Pinnacle: 1:04:45

Bitpay and that's, that's I have a link. If you go to the bottom of my web page, all these links are there. I've got like seven or eight different cool links that I don't endorse anything I don't personally use. So I have a Bitpay card. I use that when I went to Miami. Pay for a lot of things Bitpay And it's kinda like you have it's a wallet, and also a debit card. So if you have Bitcoin in your wallet, and you want to pay for things in US dollars, you move some Bitcoin or Aetherium over to the debit side. And that's when you cashed it out. And now it's dollars and you could spend it like a credit card. So it's really cool.

Dustin Steffey: 1:05:17

That's cool. Can we talk? Doctor? Sorry, go ahead, Jane.

Jaden Norvell: 1:05:22

The doctor be talked about the process of transferring Bitcoin a debit card. And as a whole,

Dustin Steffey: 1:05:31

I think all the crypto people that we've had on have had one way shape or form of talking about trying to get your money transferred back into Fiat. Yeah, to be able to spend it. It was Alicia that really touched. Alicia uses her crypto.com card. Yeah, crypto, that's,

Jeff Pinnacle: 1:05:49

that's, that's my number three coin. I don't use that one very much at all anymore. I'd say Litecoin card is second. And then Bitpay is far and away the number one, I mean, you could take that I could take that to a Bank of America and withdraw $1,000 off the card for like a five or $6 fee. For the all that's the ATM fees, really? So.

Dustin Steffey: 1:06:08

Um, something else a burning question that I've had Jeff. And I think some people that have approached me about the same thing, tax implications. We're in a new world right now. And I know the government is trying to figure out how they get their cut in this worse, I also am a business person just like you. And so as Jaden, so I understand that I have things that I can write off taxes if this is my business, but for the normal Joe, or Joanne how, what are the tax implications when you start getting into the crypto world? Like, especially if you're investing in holding on to it?

Jeff Pinnacle: 1:06:51

Well, I'm not financial,

Dustin Steffey: 1:06:53

not a financial adviser.

Jeff Pinnacle: 1:06:55

I'm certainly not a tax advisor, but I'll add my understanding. Oh, okay. Yeah, that crypto is for all intents and purposes treated like gay a stock. So it's an asset. That's what it's deemed as an asset, Bitcoin is officially an asset. So there's short term and long term gains that you worry about. So if you had it for more than a year, that it's the taxes are different than less than a year. But basically, it's short term gains and tax and taxes. Now, you can structure your businesses, and or do it in an LLC, or do it in a crypto IRA. And I've got links for that, too, that I have my own crypto IRA, if you trade coins, a lot of your day trader if you're going to short term executions, and this is for investing for a longer term, you will probably want to do it in your IRA, if at all possible, because the tax implications are nil. It's all wiped out there because it's in the IRA. But you need to have checkbook power to be able to do that. There are a couple of you can reach out to me, I can help you to get to I always give people options. I never would say use this one. I'm like, here's to pick whichever one you want. That way I'm not I'm not stealing anybody. So I have I have my own crypto IRA, but I also have another I have two or three different avenues to get a crypto IRA, that's one way around it. But to answer your question, according to current law, that any crypto transaction or even the staking is a taxable event, although there's been lawsuits about to staking. There has been a ruling that was in Tennessee, where they said that I think it was somebody that about they were getting rewards on tezos. And that they the judge ruled that that was not income it was so the laws and the courts are way behind the curve and understanding this. I mean, I have a friend of mine that the judge literally asked how much blockchain Do you own? No, understanding that sentence doesn't even make any sense. So that's like, that's how much operating system do you own? It doesn't make any sense. It does. Like if you asked how much Bitcoin you own, that's a that's a better question. But if you're transacting in any coin, technically, right now, you would owe taxes on every transaction, which is part of the reason why they're not using the states for typical expenditures. However, there is legislation is being proposed this year, to make a certain level and under not a taxable event. It's like I think it's 200 or 300 hours and, and that's, that would make things a lot easier, but it's above that level, you'd still be the tax implications. The bottom line is that the government wants to reach in as much as they can and get as much as they can out of you as possible. So you need to be smart about it and work with someone like myself or a tax advisor, like are getting advice from you know, I can give you steer you, I'm not gonna give you the actual tax advice but structure properly to get around it, or you can go offshore to there's lots of ways around it, but I wouldn't worry about it too much as a as a beginner investor. When you get to a certain point, that's when you start to worry about like, you know, like $10,000 and up maybe you're even more, that's there's certain levels and plateaus you reach where you're like, Okay, now you need to be concerned about this sort of thing and so on. But, yeah, it's again, it's a cost of doing business and like they want their hands in taxes, they the government wants taxes as much as they want. And we could talk all about the tax code, legitimacy of that, whether it's going to last who knows what's going on the governments and the US and worldwide, but currently, right now, it's they are taxable events.

Dustin Steffey: 1:10:16

So then piggyback off that question, do you create a written ledger on what you invest and what you take out, so that way you can keep track of that, because I know for me, for example, I invested a decent amount last year, and I didn't get any sort of tax form from any of the platforms or wallets that I used to be able to be the good ol boy and pay the government the my money that I don't want to pay them, because I'm trying to do this on my own right?

Jeff Pinnacle: 1:10:46

This goes back to being your own bank, and then responsibly, unfortunately, falls upon you. But then again, so you have but you have to think about, you know, which crypto has no borders, it has no government, they're like, your Bitcoin applies just as easily in France, or in Singapore, or Dubai, as it does the United States. So the government makes, the government may ask one thing, but they what they what they know about, it's another completely different story. So I'll just leave it there for now.

Dustin Steffey: 1:11:17

Again, we are not financial advisors, or CPAs, for that matter, but we are going to ask the hard questions, because y'all need to be thinking about it. With that being said, I have a fun question for you, Jeff. Begin any investment. So think back to cycles ago, when you were a newbie, what were some mistakes that you made that like you're kicking yourself for that you don't make now?

Jeff Pinnacle: 1:11:42

Well, 20 Hindsight is 2020. I would love to bought more, obviously. But I didn't dollar cost average, as much as I would have liked to I kind of just threw it all in and I I bought a lot at the peak, I bought a lot at the peak of 2016 17. I remember buying Litecoin was like 250 $300. So that happens, and eventually it gets back there. But these are part of your education, I just call it like the cost of education. And you just write it as experience. And if you've been around if you I'm not an OG by any means, but I've been around a while. But if you've been around long enough, you're gonna make the mistake you're saying a coin to never Neverland, and, and you're wrong address, you know, maybe you're maybe you're not 100%, sober when you did it, or you're FOMO in, you do a FOMO you're, you learn these things. That's kind of how we learned our 10 commandments. We learned from our own experience. And one of the rules I live by as I want to be the guy I wish I had when I started. So I try to say like, here's the mistakes I made, learn from my mistakes, don't do the same things.

Dustin Steffey: 1:12:46

Jaden, I'll give you my address to my crypto Wallet. So when you make a mistake, at least it goes to me.

Jeff Pinnacle: 1:12:53

I will say we also have a on my site we have, like, we we wish that we would put them out of business but we have a company pro Bitcoin solutions.com, they will help recover. If you made a mistake, it can't doesn't always work. Like if you send it to an exchange, it's probably not going to work. But if you have both sides if you know if you own both wallets or if you're friends with the other wallet, it's possible we can recover the coins if you made a mistake, like send it to the wrong blockchain or something that you sent Cardano to Aetherium by accident, they can probably recover that for a nominal fee for a nominal fee, but it's better than losing it all.

Dustin Steffey: 1:13:31

Yeah, yeah, for sure. Um, another question I had for you, Jeff was thinking back to the very beginning. What did it take for you to get out of the normal nine to five which again, when we went into your backstory, your jobs, were awesome and amazing and like you did things that you were passionate about. But obviously right now you're an entrepreneur, you are not working the normal nine to five and you're chasing your own dream? What did it take for you to get out of that, and this is more for our listeners that are driven like Jaden and I that want out of the normal condition mold that we've been conditioned to do and doing our own thing.

Jeff Pinnacle: 1:14:14

Well, just like investing in cryptocurrency, you're gonna have your ups and your downs, and it's not going to happen overnight. So you have to at number one thing you have to have passion for what you do. So the hours you may not be working 40 hours, you may be working more you may be working weird hours, you may be doing a an interview at 10pm at night or even at midnight. Just you don't know. But if you have passion for what you do, I mean, I make videos on YouTube, I do Instagram, I do a lot of different things a lot different social media and a lot of people like if they come to me that I don't know how much how you do that as much as you do. But you need to know how to work smart manage your own time, but you have to be an A type personality and you have to know that you're passionate about it. And you have to be self discipline. You're gonna have days where like, may I really don't want to make another video about how bitcoins down For less than a month, that sucks. I don't want to do that. But, but I've been trying to like my last few last two weeks of videos have been like I want to be, here's some positivity. Here's like, here's some evidence that adoption is coming like we had a year ago, we didn't have a country that adopted Bitcoin. But now we have El Salvador, we have another country in Africa, we had 44 countries go to El Salvador last month, to learn more about it, it's coming. It's just like, they're not talking about it. So the passion has to be there. To get you through those rough days, and have a network of people to that will support you say, you're having a bad day, I'm going to check in with you good, you know, that sort of thing. But it's not going to happen overnight, it's probably going to take a year or so realistically to get really hit the ground running and really, like start to make make traction, but your there's going to be a crossover of that year, where you're going to investing a lot, I wouldn't say 10,000 hours, but you're investing a lot of time, this is going to be like you're turning your hobby, it's a passion for you into a business so that eventually you're not really working. You're working for yourself. But it's not really work. I love going out and talking to people. I love doing podcasts like this or interviews and reaching new audiences when I write out my goals. And my goal being this year was to reach 10,000 people. And I think this is one of the ways I'm doing it. I really appreciate that you guys have me on but you've got to have passion.

Dustin Steffey: 1:16:17

Yep, that's part of Jaden and I two we him and I before we went down this journey, him and I combined our goals together. And part of our goals, which we told you about are we want to be the number one business podcast. And I use that term loosely because it depends on where you're rated and Joe Rogan's a killer beast like, but we want to be up there. We want to be trustworthy public figures, our goals are the same. Like, this is our project. This is our baby. So yes, we're invested in crypto. But when we look at our passion, this is our entrepreneurship. This is our business right here. For Jaden and I this podcast.

Jaden Norvell: 1:16:56

You can't you gotta have drive in motivation, that a type personality right there in and just because us Joe Rogan, Joe Rogan is on top right now. So you know, five years, I'll be on top and it'll be a problem. So nothing happens overnight. You just gotta keep working at it and give people the credit they deserve when they're on top and keep grinding Joe Rogan

Dustin Steffey: 1:17:19

just so you know, mad respect to you. But Jaden is coming after you.

Jeff Pinnacle: 1:17:25

That's said we'd all love an invitation to the Joe Rogan show.

Dustin Steffey: 1:17:29

Oh, yeah, absolutely. Hey, if you need any addresses, email addresses or whatever, just reach out our way. Go to our social medias, and we are there.

Jaden Norvell: 1:17:38

But maybe that's a goal for us. I mean, you know, he, he's, he's got to pay the man you get on the show. So

Dustin Steffey: 1:17:43

that's it. I'll leave Jeff to that one. He's the Bitcoin Master. Yeah, got us, right spot me.

Derwin Logan: 1:17:52

And that's, that's what I like about the crypto community. You know, not everybody's out for the financial gains of it. It's about helping community. You know, on my website, we help the Haiti project. And we were able to help, I think we're raised about 10 grand, and that, that saved a lot of lives to help help them get hospitalization treatments that they can afford. So when you say you gotta pay Joe Rogan to get on the Z for community or is more like this tech program for community, and that's where I want to be about helping the community give back to the community, whatever we earn, you know what I mean? And spread that love everywhere so we can all grow as a community. Same

Dustin Steffey: 1:18:39

word, we're a different beast. I mean, all monies that we've actually gained from our podcast have gone back to charity because we're not selfish. Like will we be on top and make our money soon enough? Absolutely. But we're the same. We want others to come up with us we're not selfish.

Jaden Norvell: 1:18:56

You guys have been killing we've raised over over $2,000 for CF which is amazing. And we just keep doing I don't think we've we haven't really made anything for the podcast but this isn't how much people are willing to give for charity and that just makes it all the more worthwhile he charges that it's like a concert booking the artists you got to pay the booking fee to get on

Dustin Steffey: 1:19:22

the show our book and free is free by the way for anyone that wants yeah like I said we're free

Jaden Norvell: 1:19:28

to help make sure you guys check out there was website open minded Bitcoin as well. I think we touched on that last episode too Yep.

Dustin Steffey: 1:19:35

Open minded Bitcoin and then check out Jeff's as well. These two are phenomenal. Litecoin leader like can't say enough good things about both of these gentlemen. They're well spoken, very articulate. They they've been around the block. Jeff's been around for two cycles, which is insane. Darwin's been around for a cycle and a half. So that's that's quite a bit of time to these to definitely have knowledge that backs there. Your advice. So very, very important. I have all of my questions answered. I don't know if Jaden has a couple more

Jaden Norvell: 1:20:09

that we touched, we touched on all the terms at the beginning. Although we

Dustin Steffey: 1:20:12

touched on a lot of terms like to unpackage on this and I do not want to overwhelm people you have is more than welcome to come on whenever he wants. Same with their wins. So we can use this as an opportunity for people to grow with us and then kind of get a pulse check from there.

Derwin Logan: 1:20:28

Yep. You guys gotta hit Jeff with like, one more hardcore term. This guy has taught me a lot.

Dustin Steffey: 1:20:36

Jaden has to hit Jeff with Hard Core terms because Dustin over here has hit Jeff with hard stuff.

Jaden Norvell: 1:20:43

Again, you're the guy who knows all the terminology. I

Dustin Steffey: 1:20:47

know stretch your mind Jaden and we're editing this out to be more concise, but stretch your mind buddy. You got this like you don't give yourself enough credit. You got some questions and Jeff is here.

Derwin Logan: 1:20:57

Yeah, yeah, go above beginner stage go above intermediate go to advanced. I mean, go to business. If you had a business right now, say a 4500 business and you want to incorporate crypto. What what could Jeff do to help you incorporate that? And I know he can answer those questions. There you go.

Dustin Steffey: 1:21:20

And Jaden, smart, his dad's head coach, come on. Now he has like he knows.

Jaden Norvell: 1:21:26

Let's talk. Yeah, let's do that. How can you see Bitcoin with athletics ever in the future? As far as there's this new thing? Nf t's going on right now. Sorry, not NF T's Nia deals.

Dustin Steffey: 1:21:39

Yes. Scholarships. Yeah.

Jaden Norvell: 1:21:42

Yeah. Could you see that being implicated with athletics offering kids Bitcoins? How would that work?

Jeff Pinnacle: 1:21:49

Well, I know that to touch on NF T's I think NF T is eventually going to be sporting tickets. I think you're gonna have a brother, your brother, because then you're on the blockchain like you can't have a counterfeit ticket if it's on the blockchain. So we won't like you don't Superboy Super Bowl ticket will be an NFT and your walk up and you'll scan it and that will be you'll be a keepsake and it also be your ticket to get in. But as far as catch I know, athletes Aaron Rodgers is getting Bitcoin a number of athletes have already gotten Bitcoin and paid in Bitcoin. I think that athletes you can have a smart contract for an athlete where they will get money, you can have an insurance policy, if they get hurt, you can have you can have that they get the Lloyd's of London good protective feel for star quarterback, it's expected to be a number one draft next year if there is he going to come out or is he going to play another year at Clemson or, or Georgia or wherever. That could be an NFT that could be a deal that on a smart contract, and that can be done that way. But there's lots of different creative ways to think about cryptocurrency that can cover the future cover payments cover. How people pay for things like going back to the Divi wallet, which we mentioned earlier, like Divi sponsoring soccer in La Liga, I expect partnership deals where the fans can bet on the game, buy tickets, buy merchandise, whatever, and they may be able to get a discount by paying for it in Divi or Bitcoin rather than spending. I guess that would be euros. And then in the Liga in this one they the soccer team comes to town. So if there's a if you're only limited by your own creativity, I mean NF T's and web three and defy those three things didn't exist three years ago. By those terms. Those terms weren't even in existence. And now people like NF T's are looking like Well, that's digital art. No, it's actually an NF T means something that is unique and recorded on a blockchain. Simple as that, it's going to be a real estate deed is going to be your college diploma. You can't fake your resume anymore. All that stuff is going to be your medical records are going to be kept on a blockchain, all that stuff. And you're going to have the ability with web three. That's why third generation of web three, you will own your data with web three. That's the purpose of web three. So all that stuff, and you decide how much you share or not share. So that's there's so much that can be done in just your limited to your creativity. And that's why there's so many different projects that are running right now. And you have to say like, what are they doing? Oh, they're doing medical records. They're doing real estate, you're doing real estate transactions, what is their purpose? And if it makes sense to you like yeah, that's perfect thing to keep like, oh, high school diplomas on a blockchain. That makes a lot of sense, who's doing that?

Jaden Norvell: 1:24:25

Right. We see teams like the Green Bay Packers who offer shares of the team. I wouldn't be surprised if they created their own Bitcoin and you could own the share of NFL team on a Bitcoin and so it's it's a lot and we had a great episode Dr. B, where she touched on the net, the new generation,

Dustin Steffey: 1:24:43

she as she touched on web three, and she, she her predominant touch point for us on that episode was NF Ts. As we knew nothing about NF T's nothing whatsoever. I'm more like well spoken in crypto than I am. NF T's right now. So

Jeff Pinnacle: 1:25:02

yeah, it's it's really new stuff. And it's really just a matter of recording things that are once you understand that, you know, the the non fungible token what that means. It's just something unique on a blockchain. So it can be art. It can, it's just been, there are projects, there's a project to think of as veracity, I think is the name of the project. And they have something called Proof of proof proof of vision, or that you've seen something. So that way, you can't mimic or copy or take a screenshot of an NFT, you actually prove that I have seen the NFT. And I owe somebody a royalty for it. So all these things are developing. And we like to say like, you know, there's all these different cars that are running around at 200 miles an hour around the track, and people are changing engine and at the same time, it's just that dynamic. And that just that crazy, but the development is happening so fast, that I think the space that we're gonna see in a couple of years, is not even going to be close to what we're seeing. Now. I've even saw a story where the metaverse that's another big topic. There was a surgery performed, where one one doctor was 900 miles away. And they did it through the metaverse where they helped the surgeon, the surgeon, guide the surgery, because that guy was an expert, but he couldn't make it to the other country. So nine are miles apart, they did a surgery through the metaverse, that is an application of technology that people just like, it's the creativity is amazing, that's out there amazing. That's what the technology is going to allow us to do.

Jaden Norvell: 1:26:27

And taking a popular culture class, I would like to see movies get into Bitcoin to potentially where you can invest in the movie before it comes out and earn profits off the return or something, I think that would be really cool.

Jeff Pinnacle: 1:26:40

There was a product that started that I forget what it was called, it might have been like, flick or flip or something. But if you dig hard enough, you could probably find a product that's probably working on it, maybe it just didn't didn't have the funding or whatever. But hey, it's that's a great idea. I think that that's like you're crowdsourcing or funding things that way. But, you know, just I think that could be a viable option going forwards is, there's nothing wrong with just creating an investment. But then you get into securities in the SEC. And that's where you gotta be careful in the United States. But a lot of projects are doing it that way. They're just making a token selling the tokens about future value.

Dustin Steffey: 1:27:18

You guys heard it here first chopping wood fires in their own project for web three right now to our competitive advantage right now, is there's not many podcasts, breaking that web three Brink yet. And we want to be the first to market on that. And that's going to be our competitive advantage is going into web three. And really like solidifying our podcasts, and I'm I'm certain there other big ones that are trying to work on that, but we are too.

Jaden Norvell: 1:27:45

So we also have great guests like Jeff and Darwin to give you guys professional advice, as well.

Derwin Logan: 1:27:53

So So Jeff, to elaborate, how can a city tokenize their whole community and earn rewards for their taxpayers not to pay less taxes in order to create gains for their constituents or their their people? If you know what I mean?

Jeff Pinnacle: 1:28:14

Yeah, I think I'll tell the example through an analogy. So think about that. Think about Disneyland, like Disneyland has Disney bucks. And like you can make you get deals if you spend Disney bucks. So imagine, imagine Myrtle Beach had Myrtle Beach bucks, and we have a lot of tourists come in. And so you come in and and use you come you can get 110 Myrtle Beach bucks for $100. Now you've got more spending power in the city. And the city gets the benefit from that. And there's more income that it has to be spent in the city. So now you have more revenue that comes to the city. So now they're getting basically money for the people get a benefit of the more buying power, the city gets more capital that comes in. And there's really a virtually no cost to them. And now they could stake those you can stake those bucks or whatever. But those are things that you can get creative about and like you can create staking and nodes and so on. But you start with like how do you how do you create that, that value stream for that and then create those win wins for the customer and for the municipality. And you create those those entities and build that hole. That's how you build a white paper. That's how you say here's the purpose of the Myrtle Beach token. And maybe that's what I'll be doing with the city that who knows but there I'm still the number one guy in South Carolina for for cryptocurrency and I'm trying to get to cities and counties to understand it more. And you should reach out to your local municipalities if they're willing and able. And if not just put your name out there. Just say hey, I know about crypto if you're a crypto person, if not find someone like myself for Derwin that can come out and talk to you or get on a zoom call and we can talk to them and just say, here's things that you can consider about raising capital. That's not that hard to do.

Dustin Steffey: 1:29:50

Something for our listeners and for you too, is we made the goal to have two to three live events a year between Fort Collins and the ring In our area, it might not be a bad idea for you guys to show up to one of our live events to really like educate on crypto really drive the economy of like Reno or even like Fort Collins to really kind of add value to having more people like invested into this and really just understanding it. Like, it's one thing to go on a podcast for us and really educate to our listeners. But it's another thing to actually be tangibly in front of people doing this.

Jeff Pinnacle: 1:30:32

Absolutely. I love I love speaking in front of live crowds. And then I love the opening up the audience and say, What do you got? Because I love taking live questions because you get their feedback, what they want to know. And also it proves to them that you know what you're talking about? Because you answered things on the fly.

Dustin Steffey: 1:30:47

Absolutely. And then to end this, of course, I'm saving the hard question for last for you. When with everything advance in the way that it has been with us talking about potential for cryptocurrency, and where it can head? How about some goals for like, where you want to head with this, because you're not a normal investor anymore. You're not only a consultant, but you're dipping your hand into projects that can go beyond just investing only you're taking this to the next level, which for all of us like our podcasts, we're taking it to the next level on web three, and we're trying to figure that out. You're taking this crypto to the next level in ideas, whether it be the myrtle box or whatever. But where do you see yourself heading within this complicating like, world?

Jeff Pinnacle: 1:31:43

That is probably one of the harder questions that's like the interview question. Where do you see yourself in five years? And the question is you never it's it's so hard to predict I want to, I don't want to you know, they I want to be one of those guys that they can't wait to hear what is coming next I want to be helping these projects move forward and be one of those expert not just helping people get involved, but also the projects and the states, the counties like the people that really need to understand this. And knowing that I'm a resource for them that it is to their benefit to talk to people like myself, say how can I help you because I'm not I'm not in it for necessarily for profit, I want to see that. Everybody wins. I do win win situations. I want everybody to win and when people book a call with me, I want them to get more value out of the call and they spent on the talking to me that's always been my goal. But I'd like to seen that light bulb go off and I want to see bigger and bigger people get those light bulbs click off and I want to see like you know, Elon Musk is starting to get I want to see like these these big names these big investors these big, maybe not the politicians because if they're they may be beyond help. But like these big corporate people, the big people with a lot of influence that not they're not just like no Snoop Dogg is an NF T's that's great. But we need more people who are more into crypto too politically disinterested. It's It's everywhere. It's like, you know, it's it's like, just like smartphones are everywhere. Now. They didn't exist 15 years ago. That's the thing needs to be the same thing with blockchain and Bitcoin and other products like

Dustin Steffey: 1:33:11

perfect, I appreciate. I appreciate that. I'm Jayden. I thoroughly think both Darwin and UGF like this. This has been amazing. It's educational. This is jam packed with some great, great nuggets that I think a lot of people will really appreciate. So from Jaden, and I thank you both for coming on. For our listeners. If you haven't done so already, when you're listening to this, please I encourage you all reach out to Darwin reach out to Jeff. Jeff Litecoin leader Derwin open minded Bitcoin, do your research reach out to them, they love people, they love talking to people helping people please reach out to them Go to chopping wood feiyr.com under the guest profiles, both Jeff and Derwin are under there, they have awesome links on their profile to click on and really get to know them and get a feel for if you guys would be a perfect match. Again, Jeff, thank you Derwin. Thank you.

Jaden Norvell: 1:34:09

Thank you guys. Thank you both. And remember guys, go vote at Trump and find out calm and www podcast awards.com under best business podcasts in the best overall podcast shopping with fiber