Crypto Politics by AlphaWire

yourself. Okay. Can you guys hear me okay by the way? Like my jokes aren't lending as much. Cross up. Welcome. Hey, GM. Good. I'm having a Chai tea. I'm not having coffee. Chai tea is tea. Chai means tea. It's like saying tea tea. Oh, well, that's true. Actually, I never thought of it that way. Thank you so much for having me happy to be here. I'm CMO for Magna AI. We are a AI native and blockchain native hardware device, where a smartphone and essentially what we've done is we've taken two of the most vulnerable industries are financial, you know, interfaces with technology and of course are most personal private data that we are talking to all of these AI is about and we've put it in the most security, which is right in the very palm of your hand on a hardware device. So right now, most people, all of us that are interfacing with these two industries, we are, you know, sending our data up to the cloud. I love all of the policies that Anthropic that cloud in particular has, but end of the day, you're still sending your data up to the cloud and, you know, the same thing with crypto, you know, those of us that are interfacing with it, whether on your laptop or your phone, a lot of times we're using very vulnerable software, you know, apps or, or, you know, browser-based extensions or whatever it is that we're doing, but it's not as strong as hardware. So that's what we've done. We've regulation all around the world. We've also created our own blockchain. That's one of the ways that we're integrating blockchain. Fast user onboarding, they don't have to learn how to, you know, put a wallet on their phone. It already comes with a wallet on their phone. So our blockchain is about to go live, which is super exciting. We're going to be listed on, we've already done a lot of the now. It's meant Coupoin, an L-bank and lots of different exchanges. So lots of ways you can interface with us coming up. We do have some built-in rewards for early supporters. So if you have not supported us yet, get in on that. You can do that on my profile. You can find us. It's at Magnet underscore AI. And yeah, so give us a follow if you're looking to build with us or get have docs or live. And yeah, we're doing lots of exciting things. Our first our first cohort of phones has sold out though. But we will have more for sale coming up soon. How many phones did you guys have? 10,000. I remember 10,000. 10,000. 10k. Nice. Selina, watch out. All right. Yeah. We're coming for nice. Nice. I always love the native development on the last three. So perfect. Perfect. Thank you for joining. We have a couple more speakers to go. Oaks FF, Fami, my man. How's it going? Yeah, I'm GM. Thanks for having us again. This is Fami from VS1. Excited to be here again. We're going to be talking about politics and crypto. One of my least favorite topics. But I think we can contribute the conversation because at least on the politics side of things, things have been moving a lot. I might be saying on the crypto side because we've seen like, I would say not all time highs, but decent highs in the last few days. So yeah, happy, happy to be here today and happy to be alongside the Stella lineup. We are coming up, right? We are kind of coming back. So that does feel good. It does feel like there is hope and light at the end of the tunnel. And also, I don't understand why you guys are wary of this conversation. This is the main conversation of crypto. This is the most important conversation because that dictates what we do and how we do it. Southframe. Welcome to the show. How are you, man? Hello. Are you okay? Oh, perfect. Great. So thanks for having me. My name is Gleb. Been working with the Southframe team for a few years now. We're kind of the OG post-quantum blockchain. You know, you're going to see a lot of post-quantum projects popping up, but we've been going at it since about 2017 when the Southframe white paper was written. And we think we have the infrastructure layer for the next decades to build on for Web 3. And it has to be post-quantum. And it has to be very fast and agile and be able to run on small devices to create amazing deep-in networks and everything like that. Yeah, non-politics, I mean, so the team is based in Russia that we get a lot of political questions. I think another key part of Southframe is that it needs to be built as a global platform that's neutral. And on both sides of this emerging kind of iron curtain that we have here. So excited to dive into all those spicy topics you've got lined up for us. Thank you very much. Let's go to Prasima, Gleb. I know you're not Russian. That is for sure. And you're not Russian. You're Ukrainian, right? I sport a Russian passport, my friend. Oh my god. I thought you said you work Ukrainian. I mean, I'm half Ukrainian, you know, Ukrainian beer from Siberia or just half my grandparents. Well, Siberia is not exactly Russia. It's like a different Siberia. That's how I would say. This is a different political conversation that we're not going to go into. But anyway, welcome. You are welcome, no matter if you're from Russia, from Ukraine, or from North Korea, which would be a rare case if you were from North Korea. But you are welcome nonetheless on our spaces. And even if you're a Sentinelese Islander, you are welcome, although it would be difficult to connect on spaces from the Sentinel Island. Anyway, moving on, last but certainly not the least, we have Tyven, aka Ryan from the UT Land Friday. Hi everyone. So let's do it again. So I'm Ryan from Autilems. We are viewing the platforms, the folks on the autise and the culture access, helping the characters that bring their work and I be on chat. So I'm so happy to be here. Yeah, I'm enjoying the discussion. Yeah, that's it. Thank you. Happy to have you ladies and gentlemen. Let's dive in and welcome to today's space. We are from the AlphaWire spaces. We do this every single Thursday at 2pm UTC. And we try to discuss news, discuss events and signals, tickers and everything in between that is happening in Weftry to help you understand the technology context. And everything that moves the market for better or for the worst because this is what I believe is the whole idea of AlphaWire. We have the Alpha Club. You can join in, make sure to check in and sign up because it's completely, it's discussion and the truth seeking. And the main core idea of AlphaWire is the idea of seeking the truth, not just the news. It's about the truth. And going back to our conversation, we have a strong idea of operating outside traditional institutions. But as the industry has grown, governments and regulators, as well as political movements have become increasingly involved in determining where and how crypto can operate. So let's look, let's take a look at relationship from both sides. First off, how much power do governments have over crypto right now? Crypto is often described as permissionless and decentralized, but most users can still interact with systems that governments can regulate. So let's do this with the show of hands. Raise your hand if you want to have a take, if you want to have the mic. And let's keep this going. Femme, over to you, sir. How much power do governments have over crypto right now? I think back in the day, the governments were a little bit off crypto. I'm talking about like four or five years ago, but they did catch up. And I think it would be wrong to think that the government doesn't have any power over crypto. Despite the completely decentralized peer to peer technological aspects of crypto, if the governments decide to go back to their stance of like five years ago, saying crypto is bad, it's for money laundering and then cartels and terrorists, they can, they can, I would say, maybe not destroy the industry, but really do a lot of harm. Because what they really control is the on ramp and off ramp to crypto, which means that once in crypto, we can obviously like use stuff to shield your assets and do like private transactions and whatever you want to do. But what will be harder and harder is to actually interact with real life with real dollars. The idea is if the governments are not on board, it's going to be very tough for people to kind of really tie any crypto activity to a real life. While still obviously allowing people to direct between themselves and maybe mint tokens, send tokens, trade tokens, but not necessarily send money to their bank account or from their bank account to their centralized exchange or other instance. That is point number one. And I think it has been accelerating over the past few years, especially from the US side of things where people have been very hopeful that the Trump government will accelerate crypto adoption, which it did to a certain extent, if we just ignore the meme coins and that kind of crap that they also came with. The main challenge that we saw a few days back is the clarity act did not pass despite a lot of effort, a lot of money spent to try to put it on the floor, but it did not get voted. So that's a big setback I would say for the industry, although that happened, we did see the industry dipping a little bit, but a few days later the SEC and the CFTC came back by saying even if the whole clarity act did not pass, we're moving forward with some aspects of it because these are really needed to, for example, to enable 24, 7 stock exchanges, for example. So that additional information flipped the industry back up. So we're seeing again, green candles, although yesterday was not so good, but in the end, it also shows that there's real determination from the US government to kind of adopt crypto and help the crypto adoption. On the other side of the ocean, I think it was announced yesterday that the European Commission actually is going to be launching Pantes, which is a stablecoin, a central back at CBDC type of stablecoin, initially built to authorize banks to transact between each other on tokenized things, either tokenized euros or tokenized stocks or tokenized bonds. So the European Union is kind of leading almost on that front by really adopting in CBDC and tokenization in general. And I think many others will follow. We've been seeing a lot of governments talking about their CBDC from Brazil to Dubai to all kinds of different countries. And I think this is coming. So in the end, what I'm trying to say is we have been fighting against politics and governments and regulators for many years. I would say from 2011 to maybe 2017-2018. But now the winds have changed and we actually realize that we do need those regulators. So then crypto becomes largely adopted by the normies and not just like the CypherPunks among us. And it is happening, as I said, I don't think any government can kind of go back because they would just open the floor for competing governments to just like take on all of that traffic. It's still kind of nascent, which means that one of the main problems is that regulators are not really crypto savvy, and that's what's causing delays. But I think we're on the right track in the end. Amazing take. Great, great points. And we are in definitely on the right track. This stems from not only the, you know, the the the trust coming back and we'll talk about the UX and we have discussed UX and just on Ramadan for a bit. But just as you said, the competitive attitude with crypto in between governments is the major factor because once they realize, oh, we can capitalize on this. We can make this work, make it integrate into people's lives. We can make it make sure to get access or whatever out of it. The governments cannot go back, as you said. So that is absolute truth. And then you see this kind of a race towards adoption. And we can talk about, you know, different sides of adoption from the US to EU to Southeast Asia or Asia, Eastern Asia, where you have so much adoption in terms of payments or less adoption in terms of technological products or what. So what I would or what not. But it's really, really interesting how these things can flourish once the industry has something to offer. Pingo, I think you were next. Go for it. Yeah, interesting. I also reviewed the zero XFA, you know, that crypto was assigned that is no single entity called, you know, like Saudi down. And eventually, I also think the government has a lot of more leverage that that is the whole world, like, the administration. But I don't talk bit about the current layer for so. And actually, blockchain, like the concept of mechanism, like a bit of a infrastructure, you know, the government cannot really do much like the cost of Bitcoin from medicine blocks or the cost of how the blockchain tries to turn off this smart contract. So I think that layer is by this side is a politically resistant. And I think that's matter of course, it means they're a floor to what steps power can actually uncomplies again, the simplest network. But but