EBC22 | The Next Generation of Cryptocurrencies Must Mitigate Volatility

[Music] actually you need to give him a very very big applause because he was wait first he was uh how do you say i could sit in danish in spanish at the hospital for more than 24 hours due to yes something so and he actually managed to come here today so i think he was he deserves a really really big applause thank you andy for coming oh for uh i was in the hospital for the last three days believe it or not i was on the beach in seachest and i thought that literally i had died and gone to heaven because it's so beautiful and then i almost really did die so that's what i get for thinking i had gone to heaven but anyway i did get released from the hospital yesterday i told the doctor i have to get to barcelona to share these remarks and she said i'll let you go for 48 hours but i have to go back because i had a kidney stone the size of a 5 carat diamond i'm just gonna let you think about that for a second think about how you pass a kidney stone anyway the pain is unbearable i hope none of you ever have to go through it uh congratulations to the organizers of this conference i love what i've seen when i arrived here um after being in the hospital for three days it was so rejuvenating to see no suits and great spirit an innovative spirit and i let's be yeah let's be very clear i'm wearing a coat not because i believe in this crap suits but because i've been eating way too much paella okay so listen i came here and victoria because i got out of the hospital are you gonna give me two extra minutes in case i go over okay because i i i have a bad habit of just sharing what is in my heart so i am the former senior advisor to a man named joe biden you might have heard who that is i'm also the former chief financial officer and senior advisor to a man named al gore you might have heard who that is the godfather arguably of climate change and of course my boss my former boss is now the president united states it was a privilege to serve both of them i'm a regulatory public policy attorney and i'm here wearing a different hat i now sit on six corporate boards one of those boards is a company called transparent business we're really excited about a product we're about to introduce to the marketplace and i came all the way from the hospital to just tell you all about it okay and so that's what i'm here to share with you but i want to share a few thoughts with you because the title of my remarks when i gave it to victoria uh i after on the airplane ride i realized that was the stupidest title i could ever have given her right because i said the next crypto has to solve volatility volatility will never be solved right it crossing the street is volatility driving in a car is volatility and investing in crypto or any type of investment will always have some level of volatility so the real title victoria should have been what did i change it to must mitigate volatility damn it i look good in that picture oh wow okay uh hollywood can do crazy things we'll talk about that in a second so let me tell you one of the things i've learned in my 60 years of life is that if we aren't constantly growing evolving learning right then we're just a failure that's how i view life you're a loser if you're not constantly learning growing evolving and your generation and i say that because i am so freaking excited about the fact that the future sitting in this room like you are the future of this world and i i felt so sick the last three days and you're making me feel so much better knowing that the future of this world is in your hands and it is so beautiful to see your generation taking control and controlling the destiny of our world and so on that note let me say to you we can't stop learning evolving and growing as people but we can't stop learning evolving and growing in business we can't stop learning evolving and growing in the crypto sector and that's what i want to share with you what we're going through right now you know the media wants us to believe it's dead it's never going to revive it's over i mean this is like they call it what the apocalypse i can't even say the word i mean there's all kinds of propaganda in the media about the the death of crypto that is just excuse my language that's just as we say where i grew up in texas uh crypto is here to stay it is an integral part of our future it is the future of currency in my opinion and on that note i just wanted to share with you that i think what we've got to do though is look at what's happening recognize why we're going through such turbulent times in the crypto market sector and learn from it and evolve from it and grow from it and take from it what we can do to make it better and so that's what i wanted to i came all the way over here just to share this with you because we believe we have a product that will address that volatility so we think the future and next generation of crypto has to be a hybrid model we've got to take what's best of what's working blockchain right and other aspects of the current crypto market and combine it with what works from traditional investment platforms like a venture capital investment fund so what we believe is the next generation of crypto has to bring the best of both worlds together why that volatility that i mentioned that's what's scaring people it didn't scare your generation and that's why you created crypto because you guys are fierce and amazing and i see you we see you we hear you we know what you were trying to do with crypto you want to participate in the system you want access you want people to leave you alone so that you can also grow wealthy so that you can also aspire and reach your dreams i get it but i think right now what we've got to learn from the current turbulence and from the volatility it is extreme we have to acknowledge that and so i think what we believe is the next step is this hybrid model so what we're bringing to the marketplace later this year is a new crypto called unicoin u n i c o i n you can go to unicoin.com it's very easy to learn more about it unicoin was came out of it was birthed by that picture of me right there is on the set of a hollywood show called unicorn hunters i hope you all go watch the show i co-created the tv show i co-star in it i co-executive produce it with people like steve wozniak the waz the co-founder of apple lance bass from nsync rosie rios the former united states treasurer we just finished taping season three it's a really awesome show and what we do is we allow one future unicorn company per episode to come make their pitch to the world we're now averaging between five and eight million viewers per episode around the world and so those companies that come onto our show get to make their pitch to the world why because i was tired of the fact the same reason you guys started crypto you didn't have access the average startup the average entrepreneur or the average person in the world doesn't have access to venture capital less than one and a half percent of venture capital in the world just as an example goes to women less than one and a half i could not stand for that that's ridiculous absurd and so i created the show because i wanted people to have access so i wanted the janitor in cambodia the teacher in el salvador the cafeteria worker in thailand to have the same chance as the wall street fat cat in new york city or the doctor in saint louis so that's what the show does it gives the viewer anywhere in the world the chance to invest in a potential unicorn so from that came our unicoin our new crypto because we believe what we saw was you guys everybody wants access access to the ecosystem right so what we are doing is we're taking the blockchain technology all that is good from crypto as we know it today and combining it with an innovative investment fund very much like a venture capital fund so when you buy unicoin next year or later this year when we tokenize you'll be you'll actually be investing in a fund that will be taking an equity stake in those types of companies that come on our show so you'll be able to follow your unicoin as it's being invested this fund invests in these this equity stake in these companies you get to watch them grow some of them may not grow but it will be a you bringing the two worlds together so what will it be the next generation in our opinion to mitigate that volatility will be asset-backed and crypto that is asset-backed and believe it or not dividend pain that is the goal that annually at a minimum we will pay dividends to the unicoin holders that result from liquidity events in those emerging growth future unicorn companies we believe that that is the way you mitigate volatility transparency operational infrastructure can you imagine to bridge these two worlds where we can actually we're all over the world right now marketing unicoin in the pre-sale phase right before we tokenize building the brand unfortunately and fortunately that face is on the side of buses all over los angeles and in every airport in america there are all kinds of signs about our show and the coin yes i know i agree with you it's scary isn't it the thought that this face is on the side of a bus but that we're out already telling the world because we want to build brand awareness because we really believe passionately crypto has to be a part of our future it will be a part of our future we want to do it in a new generation of crypto we want to do it in a way that removes some of that volatility that's keeping the majority of the world out of crypto okay so we want to mitigate the fear and and take away a little bit of that reluctance in that reticence and so we believe this is the way to do it this hybrid model uh and bringing the two worlds together i'm gonna go one two extra minutes thank you you're so sweet i'm gonna do something probably that wasn't supposed to do any questions come on now not even about donald trump no questions nobody cares about my coin come on thank you did y'all hear that it's a wonderful product yeah what what i mean yeah i have a question actually yeah yeah yeah no because so i mean if i don't take this now i will forget it so if i invest in your fun i mean like i'm based in spain i have a danish nationality yeah how how is the whole legal thing structure going to work out to make sure that i don't have an ownership no no i'm not to actually have i'm kidding that was a little lawyer humor sorry i said it's between you and your lawyer uh listen it's it's no different than any other fund that you would any other coin you would be buying it will be on an exchange and tradable in the first quarter that's the goal that's the goal let me be clear these are goals right uh we intend to meet that timeline but it'll be no different than buying any other crypto that you're buying it'll be exchanging but then have real ownership because you'll have shares in different startups right no you will have you will own a unicoin or hopefully thousands of them right and you will own unicoins the value of those unicoins will come from the value and the growth of those companies that that fund has invested in does that make sense okay totally any other questions yes hi it is a security token thank you for asking that i'm i'm 60 and just out of the hospital so not everything's working right well that's a great question and thanks for asking that because i was just i think interviewed in bbc and fox business and i've been all over the media on this question of regulation because of my relationship with the president and of course as you might have read europe as usual i give you all so many kudos and credit and applause and love because you're always so damn far ahead of us in the united states we're just so far behind you in so many ways including regulation but as you might have seen president biden did issue an executive order and i speak on this topic quite often i don't want to take up more time but let me answer very quickly for you uh look i would say to all of you um the crypto sector and blockchain sector and those of you in tech seem to overwhelmingly have some type of a hatred toward regulation or a fear of regulation or a reticence let's not be too dramatic but you don't tend to like it and i just want to share with something with you that i've learned in my 60 years of life we're not going to stop regulation guys we're just not it's inevitable it's inevitable it is going to happen so my advice to all of us is that we should embrace it but by embracing it i do not mean to enable bad regulation there's a difference between regulation that stifles innovation that's bad there's a bad regulation that keeps people out of a system it tells you what you can't do regulation to tell us how we can you understand the difference the difference between negative you can't do this you can't do that you can't do this you can't do that that's crazy that's bad but regulation's coming it is going to be part of our lives it's inevitable but we need to work with them to create regulation that tells us how we can how can we do this how can we accomplish this how can we aspire right so regulations coming let's work with these governmental entities to create regulations that work for us at the end of the day it's ours anyway there we are who they're regulating so my advice to you from all my two white house tenures and being a regulatory lawyer is don't let's stop pushing them away go and get in the room get at the table you have the right to be at the table and work with the regulators to develop regulation that creates and encourages innovation that encourages all of you here to go every day and keep doing what you're doing to come up with the solutions for the future because all of you have that power so i know i'm way past and i have i have a quick question my mom over there she was asking me how much is it hola well well she's from spain but she's been living for 47 years in denmark so oh sorry i'm not allowed to say how many years oh so she's you're ma'am we're probably the same age so don't worry we both look fabulous okay so the question is how much is a unicorn it is today right now selling for 10 cents 10 cents 10 cents a unicorn that's it and you can go to unicoin.com right now in in the pre-sale phase uh we have some investors who are uh thinking they're going to close this round the next round will be 25 cents oh yeah you need to be hurried started at a penny so thank you you're awesome you are awesome keep making the world a better place okay thank you