Episode 346 Scott Adams: How to Support My Periscopes Without Patreon and Fix the Whole World Too

Date: 2018-12-23 | Duration: 21:59

Topics

How to support my Periscopes (and YouTube videos, podcasts)

Rough Transcript

This is an auto-generated transcript and may contain errors.

Transcript

[0:04]

subject periscope by popular demand as you might know there’s been some drama with the patreon app that’s the app where people make donations to creators such as myself I’m listed on that app and you probably heard the story of Sargon of Akkad he was a a let’s say a conservative who got kicked off a patreon for something he said a while ago on a completely different platform now the backstory is that the thing he said sounded offensive deeply offensive if you heard it out of context if you understood it in context you would know that he was awkwardly trying to make a point against racists but if he hear dat a context it seems the opposite it sounds like he’s using some bad language and he got kicked off of patreon a number of people said hey that’s no fair you can’t be kicked off of a platform

[1:05]

you can’t be kicked off of a platform for something you said about in an entirely different platform which by the way if you heard it in concept if you earned it didn’t if you heard it in context wouldn’t even sound that bad I see one of you saying that sort of Godin is actually a liberal and that wouldn’t surprise me at all but anyway whatever he is that doesn’t matter what matters is he got kicked off of patreon and that caused about a 30% drop I think last I looked on my patreon income because the people who would use patreon left the platform so they could no longer support other people including me me now people said Scott you should support free speech on the big platforms and you should get off a patreon and my first instinct was I’ve got a lot of things to disavow I’m sort of exhausted from disavowing things but I gave us a thought and a lot of people twisted my

[2:05]

thought and a lot of people twisted my arm and I appreciate that actually and they said find out a way that we can support you without pay Triana and I’m gonna tell you how to do that and at the same time fix the hold are in the world and I’m not even kidding you might actually be able to fix the whole darn world so in my special case I have a startup called a wedding hub that you that created a a cryptocurrency that is a what’s called the utility token meaning that it’s something that’s that’s useful within the app the app is called interface by when hub and it allows you to contact experts of any kind for a live video call right away now the big news on the app is we’ve been a little silent on it lately because we added major upgrade which just launched and the major upgrade was that you could schedule the

[3:10]

upgrade was that you could schedule the experts so our big problem with the first version is that people would get on they’d look for an expert but the expert wasn’t there when they needed them so we just changed that and added a scheduling option so if the expert allows is scheduling they have to activate it but if it’s allowed then they can you can see their schedule then you can schedule so that’s the new upgrade I hope y’all check it out it’s called interface by when hub and it’s available in stores now now how would that change the world well it would change the world by for example and this is just a small example some of the experts were bringing on and we don’t have many yet but we’re bringing on a bunch will be doctors so there’s a telemedicine trend that’s happening and when people can get to a doctor on an app for a reasonable price then the whole health insurance thing starts to change because doctor visits are a real big part of that now it’s not

[4:11]

are a real big part of that now it’s not the whole solution to health care but imagine imagine a world where your doctor is just as far away as your hand and you’ve got a live video call and you can show them that suspicious mole and you can talk through stuff suppose you just wanted a sec opinion let’s say you’ve got health care and you like it but you’d really like to get another opinion it’s pretty inexpensive to get another opinion this way you just pick up your phone and say here’s the deal now that’s not the only type of app the the app allows any kind of expert some of the experts were talking to but haven’t signed up yet would be experts in government grant writing so let’s say you’re in an inner city and you want a government grant for your small business how do you get one how do you do it how do you write a grant it’s very hard but if we add our experts available on the app people would just say oh I’ll just ask an expert and they could walk you through it and then your small business could get

[5:12]

and then your small business could get past the biggest obstacle to getting funding that’s appropriate for your situation now there are grants of all kinds from the government including and here’s the fun part there’s a huge bunch of technology grants not technology a huge amount of money that’s available from the government if you’ve got medical related startups but people don’t know how to write those grants don’t have to find him don’t have to get them so just imagine that it would be easy to get government grants for something that important you know something that’s critical to the world now imagine that all of those things that you can’t find on the internet suddenly become available to you at a reasonable price there’s a lot of stuff you can’t Google because Google will give you too many responses it doesn’t work for this version it doesn’t quite answer your question and you can’t you can’t hire a personal expert for every little question so we’re going to fill in that gap between what Google can’t do and

[6:14]

gap between what Google can’t do and what hiring an actual expert to just work for you would be too expensive so if you need an expert for a ten minute call or whatever you decide there it is all right so that’s what the app is and the big change is that we’ve released it with a scheduling feature I hope you all download it and try it but let’s go back to patreon because the app comes with a cryptocurrency this one of the ways you can pay your experts you can just pay them with a credit card like any other and the other app but you have the option of paying in cryptocurrency that is called the when whe M and it’s already been issued the app is up and running and the the cryptocurrency is trading on two exchanges that I’ll tell you about in a moment now let me let me walk you through it because it sounds complicated but I’ve made it really easy for you alright so on on patreon you have the option of

[7:20]

on on patreon you have the option of continuing to do that because for the in the short run I’m going to in the short run I’ll still be there I’ll screenshot the whiteboard as well but here’s the here’s the URL where you can go and use your same credit card to buy the when tokens that directly benefits me and here’s the best part it cuts out all the middle BAM there there’s nobody taking a cut except the credit card company of course so if you go to this link it’s just by dot remember the dot there’s a dot here by dot one token calm sign up put in your credit card and you’ll and you’re gonna have some wet tokens as much as you want so you can buy as many when tokens as you want alright so some people are telling me my video froze and there was a lost some video there for a second so let me just reiterate that the interface

[8:20]

let me just reiterate that the interface by when hub app is out it now has a scheduling feature so you can schedule when to talk to your experts if you wanted to you wanted to in cents me for these periscopes but you don’t want to use patreon because you’ve got a problem with it for whatever reason you can do it by going to one by one token calm buy as many tokens as you like or as few and here’s the cool thing if you in sent me this way if you incent me this way first of all it will help the startup and the startup has tremendous potential for everything from telemedicine to getting government grants to finding technical information to any kind of mentor so the the benefit to society for the app is fairly tremendous in terms of the potential well here’s the best part if you were to support me on patreon you give your money and that’s it you’ve just given money and you hope that that’s part of what incensed me to make

[9:22]

that’s part of what incensed me to make more of the periscopes but if you were 70 by buying the when tokens there is a nonzero chance that they will become worth more than you paid so you can actually end up with more money than you gave me now I’m going to be as honest as possible this is not an investment crypto is not an investment but it is true that the value of crypto can can go up and down so you have a nonzero chance that can become real money now if you buy your tokens at this URL which is as easy as putting in your credit card then to actually have access to them all you have to do is download the app it’s in the Apple Store and the Google store and make sure this is important use the same sign-in for buying the tokens as you use for signing up in the app and then that will download automatically your tokens into the app and you’re done you don’t

[10:24]

into the app and you’re done you don’t need to you don’t need to understand wallets or any of that now if that’s all you want to do you’re done but if a lot of you do it the value of each when token will go up because they’re designed to have a limited permanent quantity so it’s by design if a lot of people want them and buy them for any reason you know if a lot of people buy them to support me then the value goes up if a lot of people go to the exchange and buy them then the value goes up if if the app we’re making is successful then the value will go up now because it’s a start-up and because there’s crypto involved just know that most times that doesn’t happen but if you’re trying to decide what are the odds that it would happen in this case here are a few things to look for number one most crypto currencies are the the

[11:25]

one most crypto currencies are the the so-called I SEOs or initial initial offerings of these crypto products for the most part they’re based on just an idea for creating a company so if you bought crypto currencies based on that white paper of just an idea you had a much lower chance that they will ever become worth something then if you bought them from a company that’s up and running such as our app so we’re up and running and that’s by far the biggest hurdle for it for any crypto currency ever having value now the other things you would want to look for is is your crypto currency listed on an exchange because until it is nobody can really buy them and trade them from real money so that’s a big big big deal if you’re trying to figure out good crypto investment not investments but good crypto from bad crypto you want a company that exists and then this is actually a hard bar to

[12:25]

and then this is actually a hard bar to cross but we crossed it recently which is to get on two exchanges one of them is called la token calm another is coin pulse dial so both of them carry the when which means that you can exchange it for ether or other other crypto such as Bitcoin if you wanted to turn that into actual of money you would need another another exchange so you take your cryptos let’s say you turned it into ether you took your when you turn it into ether and then you went to this place and by the way you don’t need to do any of this you don’t need to do any of this if all you want to do is support me the same way you’re supporting me on patreon just put in your credit card here and you’re done that’s all you have to do but if you’re an expert and you think you might want to make money on this all right I’m back i cleverly didn’t talk while it was frozen up so I think

[13:25]

talk while it was frozen up so I think we’re good to go again anyway I was going to say that there’s an expert path if you already know how crypto wallets work you can actually buy these same when cheaper by buying them on the market so you don’t have to go through went up at all if you already know how to do when hub and I’m sorry if you already know how to do crypto wallets and you’re comfortable with exchanging things you’re all set just go to one of these exchanges and buy it and it’ll be it’ll be cheaper than if you bought it directly from us in the long run those will end up being the same you know the prices will converge but because there’s not much trading at the moment there’s a difference in price but you don’t have to do any of this you don’t have to do any of the expert stuff you could simply buy your tokens sign up with the app and it will just magically appear along with some other tokens that we give you for free just for signing up as long as you use the same sign-in for buying as signing up for the app so yeah hardware

[14:33]

signing up for the app so yeah hardware wallets work for crypto is in general yeah so you can get a hardware wallet that works yeah I’ve never seen my feed freeze like this before either so this is new I don’t know what that’s about anyway so the bottom line is this if you want to help the world by helping this app succeed and I do think it’s that important because if you can fill in that that expert gap that most people need but don’t have access to that’s going to make a big difference in the world it would certainly make a difference in healthcare and that’s gonna happen fairly quickly and if you wanted to do something that was helping me as a creator but you were doing something that might make you money it might again this is not investment advice and cryptos are not investments the greatest likelihood for any crypto is that you never make money that will always be the greatest likelihood of any crypto but in the

[15:34]

likelihood of any crypto but in the context of supporting me as a creator it’s a perfect solution alright so that is the whole story what kind of token is when it’s a utility token and we just got an opinion from expensive lawyer that it qualifies as a utility token and by the way if you follow crypto stuff yes it’s I think it’s the ERC twenty is correct and it’s built on the etherium platform yes I am NOT a hundred percent owner of one hub my partners and co-founders are also co-owners but I’m the primary funder of it so anything that you anything that you do to buy when tokens benefits me directly because that’s less money I have to put into the company and and patreon doesn’t take it cut am i

[16:35]

and patreon doesn’t take it cut am i closing my patreon here’s what I’m gonna do I don’t want to commit to closing it because there’s still a lot of people who want to use it and I don’t see a good reason to take that option away but if this works out better meaning there are enough people who go this path then I would close it but I don’t want to give you a level of you know how much this has to be before I close the other thing but it would be my intention if this worked out really well I would definitely close my patreon account and so if you want to help that happen you can now here’s the other beauty of this by spreading the word of this app telling you friends over Christmas or whatever you can make your tokens worth more so the more people you get to do this the more people you get to use the app or to buy the when either one they both work the more likely your tokens will actually someday become worth

[17:37]

will actually someday become worth more than you bought them for so for those who are confused maybe he came in late I’m gonna simplify it to the point where it’s not confusing at all there it is if you were if you were sending me money through patreon but you don’t want to do that anymore because you’re you’re mad at patreon for freedom of speech reasons you can go to this URL with your credit card just sign in and it’ll say do you want to buy these crypto currencies you just say yes and follow the directions very simple just like buying anything else it’s just a product and then go to your your store for your Apple apps or your google apps and download interface by wind hub make sure you use the same sign-on in both cases and the tokens you bought will appear in the app you won’t need to get a separate wallet you don’t need an exchange it’s

[18:38]

wallet you don’t need an exchange it’s nothing you just need a credit card and a URL and you’re good to go now the other thing is if you but if you buy these tokens you can use them for a lot of the experts on the app so some of the experts accept both cash and when tokens so you automatically have an asset you can use the moment you buy them and patreon doesn’t give you that can they be gifted all crypto can be gifted but to gift it you would first have to go to an exchange and probably turn it into a more common crypto you might want to do that I’m not positive that’s necessary but you might want to do that so yes you could all right that is all for now I think we have a PayPal link on there for now let me tell you do we have a PayPal link I’ll answer that question while you’re here yes so we do

[19:38]

question while you’re here yes so we do it you can also pay by meta mask which is a you know a wallet type so credit card or PayPal or meta mask any of those will work was this helpful I will just ask you that before I leave was this helpful this is not direct pay to Scott but also benefits the other token holders well it benefits all the token holders yes but it it is a direct to benefit to me because every dollar we get through tokens funds the company and that’s a dollar I don’t have to put it into the company so it is one for one one dollar you put through here does actually give me exactly $1 worth of benefit with no nothing but the credit card fee taken out what’s the ticker the ticker is when WH en and it is a utility token the

[20:38]

WH en and it is a utility token the company is called when hub and the app is called interface by when hub signing up now your flowchart is a bit off I think it’s close enough for people to get what they need so that’s my response to the patreon situation I hope it’s a win-win-win for all of you and I would certainly like to see the when tokens be worth more in the future and I’ll be working toward that and by the way I might I haven’t decided this but I might schedule myself on my app to be available to say Merry Christmas 20 big fans so on Christmas Day if I have time I think I will I’m gonna make myself available on the app for anybody who’s let’s say you got a father who’s a big fan of Dilbert and I’ll just come on for five minutes and say Merry Christmas so you basically you can you can buy me on Christmas so I’m not positive we’ll

[21:42]

on Christmas so I’m not positive we’ll do that but I think I will and I will oh and thank you for those who have already signed up I see somebody already signed up and bought some tokens I hope that works out for you as well and have a terrific rest of the day you