Biconomy & SOVR AMA by Biconomy.com

All right ladies and gentlemen good morning. It is a bright and sunny day here in New York. I hope it's likewise for all of you listening all around the world. And as always with very special guests, but today is it is indeed a very special guest. We have a sovereign on sovereign are you here with me? Hey, yes sir. I am. Are you picking me up? Yeah, you're loud and clear. Perfect. Perfect. Yeah. Beautiful day from Park City, Utah. So we're on the other side of the country a little bit. I'm tucked up into the mountains next to the ski resorts. Obviously no snow yet, but excited for the winter. I'm jealous. I'm jealous. I hear you guys had a great year last winter. There were some days I like a little bit more snow than we had last year. But you know, maybe this year. I mean, at least it was in Denver, right? That was that was a little rough patch, you know. True true true. So you love skiing. I hope everybody else enjoys their little outdoor activities. I couldn't be a technologist without the outdoors. It's just the only thing that keeps you grounded. Absolutely. It's a life saver. Yeah, but yeah, yeah. If you could just introduce yourself and what's offered about real quick. Sure. My name is Greg Anderson. I am the chief innovations officer at sovereign tech. My job is basically kind of twofold. See around the corner, which means, hey, where do we need to be in a year? And then secondarily helped design the house and wise things come together. Kind of like the person that builds the tetrasport. Make sure there's not a lot of gaps in between. The other technologies company out of frisco, Texas and its design kind of is twofold. We do a lot of backend infrastructure. We own our own cloud networks, data centers, blockchain, different settlement rails, Web 3 wallets. And then we also have some front end components, social media. We have our own content delivery networks. So you might look at us like, you know, a mini hypervisor. Somebody who does enterprise scale, but we don't have to live on top of AWS or digital ocean or some of these other service providers. And ordered a stream around the world or do business around the world. We really wanted to be what its name was sovereign, the ability to do business pretty much on our own terms. Right, we have regulations and rules throughout the world of how we can do things. But we didn't want a company to be able to tell us, no, you can't or yes, you can. Whatever that topic is. So we're pretty heavy in the cloud infrastructure space. Pretty heavy. Yeah, go ahead. Oh, sorry, I was saying that the cloud space is a good place to be right now. It is cloud data center AI inferences like the ability to interact with agents and giving them, you know, their own little places to live. These are kind of what's what's moving into the next world. And one of the things that we see kind of on topic, off topic, but the giant data center space, although it's dominating, it's also we're trying to figure out how to tear down. Meaning how do you decentralize the data centers? How do you put them in lots of different places? So you're not just utilizing one city or one locations, resources. How do you separate that and operate again in many different places? This is like how our node networks work? How do we decentralize even the resources so that, you know, we have just stronger services. But again, it's not in the hands of like, yeah, like three people in the world or three companies in the world are dominating everything. And we're trying to be the opposite of that. Yeah, I think that's very relatable, you know, in a time there's a lot of doom and gloom around our tech overlords, you know. But yeah, real quick to our listeners out there, we do have some 40 winners today. So if you want to be eligible to claim the rewards, remember to follow both the channels up here, repost. And if you haven't yet, real quick, ask a question in this comment section right here, we'll maybe get to the body end. And then you'll be reached out to if you're lucky winner. But yeah, yeah, so back to sovereign. Tell me, tell me I'm not going crazy, but sovereign, it's supposed to be like a sovereign tea, right? That's kind of the vibe you're going for. Yeah, we're definitely in the definitely in that space, definitely about vibe, per short. Yeah, yeah, I mean, I first thought I was thinking like royalty, you know, like sovereign nation, I'm like, I don't know, like sovereign terms of tech, you know, like that makes a lot more sense. Sovereign tech, sovereignty, you kind of follow along those lines of blockchain in its essence was designed to try to keep things sovereign. And then what we found over the last couple of years, and this is kind of a touchy subject for people, especially if you're a token designer or an app designer. At the end of the day, I'm not us, but I might create a product, I might create a token, and then I go to Amazon to host it. So my blockchain or my L1, L2 or my token now sits on the back of a centralized service. So they make me an app that sits on the top of somebody else who controls my data, the ownership of the data, who my users are, all these things. So we're definitely playing in the sovereignty space going, how do we have something else? Like, we might not be ahead to head competitor of any of the large, we could. But at the same time, how do we give people and businesses options that's not just that, how do we not just be on top of somebody else's back who's a centralized data provider? Absolutely. I mean, I think that's something that it's like, I bet on everyone's minds right now. Especially in the crypto space, because so many of the founding principles of Bitcoin, even the Ethereum, was like this decentralized concept that we don't have to be finance, so we don't have to be like, to try and buy. And unfortunately, we're seeing a lot of elements seep into crypto. Depending on who you ask, of course, some people like it, I'm sure. It is refreshing to see people stick to their guns and try to build something lasting. We're technically a global hypervisor, meaning we can do business at scale the same as they. They're just much bigger pockets, much bigger zeros, bigger footprints than we might be. At least today, that's not the goal. The end goal is to always have some kind of other option besides, again, your AWS. And that's not knocking AWS, they do a great service. So, you know, you can launch a product, a website, a token, contact them up, they launch it in 15 minutes, maybe it's two days depending on how heavy the code is on the backside. And they're live, but not necessarily in the name that comes to, hey, we have the most revolutionary product you've ever seen. We're like, great, where does it live? Who controls your data? And we're like, okay, that's back on the centralized server. So, it is kind of a funny conversation that's a little bit shied away from, it's like just sweep it under the rug a little bit, but it is an important one. As you just keep seeing the mega corporations just gobble up more companies, they're real, it just keeps like swallowing up companies left and right. And so, it is important for us to still like stick together and try to create other options, which is eventually why we created our node network. And then we launched our tokens in the centralized space with you guys. Like you guys have been fantastic partner for us to be able to put up our token, make it easy for people to interact, you know, swap purchase hold transfer in and out on our rails. Like it's been a really nice process of kudos for you guys to build something that's just so smooth to work with. Well, I can't take all the credit that's actually I can't take any of the credit because it's their engineers, but you know, thank you all, I'll accept the compliment on their behalf. Well, we'll just take it that it's been a really easy process for us. This isn't our first go around in the blockchain space. But it was a really smooth process with you guys. So pass it to the team and also take it because you're part of the team. I will. Thank you. Thank you for that. And yeah, to your point you said earlier, I mean, like of how important questions is I mean, like you're right that like, you know, during a lot of like, you know, consensus or like a lot of big events, you know, it's one of those things that is like people don't want to acknowledge, but like, you know, in social circles, you know, like amongst friends, you know, or even, you know, on my on forums online, you know, you'll see it in the comments section on like on X or Reddit or whatever. People are very concerned about they're very concerned about their optionality, you know, and like, especially in the day and age, we're like, even if you, you know, you have different brands, right. Like I noticed this last time I was at the airport trying to make the car, you know, you really have like two or three options because the brands are an actuality subsidiaries of, you know, a larger corporation, right. And it's like, I don't think I don't think you know, I have to tell people why optionality is important. You know, you want options. So to keep competition, to keep prices down, you know, to keep people honest. And to just, you know, to better suit people, the consumers needs, right. You know, because everyone has this different expectations. Yeah, it is really important. And in our world right now, it's almost like not everybody but some people are so told like, take it to the matrix, right. Morpheus says, do you want the red pill or the blue pill? Well, what if I wanted the purple pill, but they just didn't tell me there were more options. That's kind of where we're at in our world. It's just like, hey, go right or left. But what if the answer was not to go either direction or turn around like, we want all of the possibilities. And our world is kind of being designed to tell us, well, you have to buy one of these two so pick. And the word that I don't like is when they say pick the lesser evil. Like, come on man, they're owned by the same person. But it is important for us to keep innovating and also thinking about like at the core of it, who controls the core. Yeah, yeah. Like, I think there's a question that, you know, you should constantly asking, right. You know, like, even the products I'm very happy with. You know, like, I'm a strong supporter of steam. But, you know, I don't want them to be the only guys in town. That's that's where damn sure. You know, I constantly want to see other competition comment, you know, the little guy coming in and doing their own thing, innovating. Yeah, but I like the matrix metaphor. I thought of the villain's name. I think it's like cypherus. The guy that the likes to stake, you know, like, you want to go out for the purple pill. He's like, I want to keep me in the matrix. Sure. For sure. And there's nothing wrong with loving your brands to write. I can love the type of cars that I like, the clothes that I like. That love those things. And also, at the same point, if you're a builder and a designer, you know, yes, try to try to keep those systems free. Try to keep them, you know, I want to, there's a term and years ago, Chase Bank paid this like a normal speed. It was like $900 million. And they paid it because they learned that they could manipulate the gold market. And there's some differences in this. So just, you know, I'm just regurgitating some news. I read, right. But they paid it in a normal speed is in the hundreds of millions of dollars. And so, what they learned is they learned that if they just had enough money for like 45 days of runway, the total market cap for a product, they can control it anyway they want. And so what we're trying to do with having like lots of options is make it really hard for somebody to control the whole market cap of a market like a Bitcoin or Ethereum or even the entire blockchain community to just make sure that there is at least some checks and balances. And so, you know, let's get to the core. That's what we're trying to do. We think their products and services are even better because a lot of our stuff is open source. We run on open compute. We don't have to, you know, run in some of these other areas that everybody else is forced to. And, you know, let's keep some, some people honest. Absolutely, man. 100% with you on that. Let's go back to earlier, you know, iterations of your project. So I think a lot of people might know you from parlor more so. Sure. So like, yeah, what happened there? So like you guys were initially a social media platform. And then you go into building, you know, Web 3 infrastructure. Well, it's kind of a worse. So we started in the cloud space. If you're to track our founders that stayed in the cloud, it's like 20 years old. Some of our entities have been running for a long time. We'll kind of a larger group of companies that I'll just keep like rolling into each other. Well, like, wow, you have a lot of resources over there that I could use. And if we rolled and merged together, then I don't have to go raise 20 million dollars to do this because I can use your infrastructure. And then I'll bring you, you know, my tools. And so you're finding like founders of additional companies all rolling in, which has been pretty cool. So really what happened is around the time of, you know, United States president Trump his first term. There were a lot of things going on in the government. You could say, yes, it was great. Yes, no, it was bad. It was censorship components. And there's a lot of stories that revolve around parlor. But at the end of the day, sitting president was basically censored from all social media platforms. And there's some varying degrees of differences in the story. None of the current parlor people, not the people that own it or work in it, were around, you know, when this happened, this like J6 and censorship world. But the story goes something like this. Parlor says, no, I'm not going to.