40 MIN MILLION DOLLARS IN AN
ATTEMPT TO WIN A COPY OF THE
U.S. CONSTITUTION. HOWEVER,
THEIR EFFORTS CAME UP SHORT AS
HEDGE FUND BILLIONAIRE KEN
GRIFFIN EMERGED AS THE VICTOR
IN A
43.2 BILLION DOLLARS. SO THAT
MEANS AUCTION THIS PAST
THURSDAY JOINING US NOW FOR
MORE ON THIS IS MATT COLOR CEO
AND CO-FOUNDER OF BLOCK NATIVE
A TRANSACTION MONITORING AND
MANAGEMENT INFRASTRUCTURE FOR
THE CRYPTO ECONOMY WELCOME TO
THE
SHOW MATT. SO CONSTITUTION DAO
PULLED FUNDS OVER 17,000 PEOPLE
WITHIN
3 DAYS. WHY DIDN'T THEY WIN WAS
IT THE BILLION BILLIONS OF
DOLLARS ON THE OTHER SIDE WITH
THE BETTER.
>> SO IT'S AN AMAZING EVENT
CONSTITUTION DOUSED IT IS ABOUT
7 DAYS BEFORE THAT THE. THE
ACTION HAPPENED AS
AN IDEA IN A DISCORD SERVER AND
IN JUST A FEW DAYS THAT COOLED
47 MILLION IN FUNDS FROM 17
1000 PEOPLE THEY HAD
42,000.
>> BUT OUR FOLLOWS OVER 21,000
FOLKS THAT DISCORD SERVER BUT
THEY WERE OUT OF IT. AND ONE OF
THE BIG CHALLENGES OF THIS IS
AT ALL AND IN AND SO ANYONE
ELSE WHO IS A
SERIOUS BETTER. AUCTION CAN SEE
THE RESOURCES
THAT WERE BILL AND IF THEY WANT
IF THEY'RE READY TO SPEND MORE
KNEW WHERE THEY NEEDED TO GET
TO SO UNFORTUNATELY
CONSTITUTION NOW TO A SHORT
THEY SENT A BUNCH OF RECORDS.
THE WAY THEY DROVE A TON OF
MAINSTREAM INTEREST AND ACTION
IN THE CRYPTO MARKETS
THROUGHOUT THAT BUT AGAIN THEY
DID THAT IN QUITE WHEN THE
BETTER UNFORTUNATELY.
>> SO LET'S TALK ABOUT THE
WINNER KEN GRIFFIN IT THAT'S A
NAME WE DISCUSSED VERY OFTEN
HERE ON CHEDDAR HIS HEDGE FUND
CITADEL WAS IN THE MIDDLE OF
THE
GAMESTOP SAGA. DO YOU FEEL
GRIFFIN JUST POINTED UP THE
CASH TO SEND A MESSAGE TO THESE
RETAIL INVESTORS, SOME OF WHOM
ALSO INVEST IN CRYPTO MATT.
>> WELL AS IT 42 MILLION
DOLLARS MESSAGE. IT'S QUITE
EXPENSIVE MESSAGE. I GUESS IT
IF YOU HAVE THE SURGERY FIRST
AROUND YOU CAN DO SO I REALLY
DON'T THINK ABOUT YOU KNOW WHAT
ARE YOU KNOW, YES THE
PSYCHOLOGY OF WHAT OTHERS
ARE DOING. I THINK IT GOES TO
SHOW THAT
INTERNET AND CRYPTO ECOSYSTEM
SERVE FELT THAT THIS IS A
CULTURALLY SIGNIFICANT ITEM IN
THE PRICE THAT WOULD FORCE
CERTAINLY SIGNIFIES THAT.
I ALSO THINK THAT THERE'S
DEFINITELY A BATTLE
THAT'S HALF.
>> AND IN BETWEEN GENERAL
RETAIL BEING ABLE TO PULL MONEY
AND DO THINGS INCREDIBLY
QUICKLY LIKE THE KIND OF
AND SOME OF THE LARGER INTEREST
INTEREST FROM FOLKS LIKE LIKE
HEDGE FUNDS AND SO I THINK
WE'RE GOING TO SEE THIS BATTLE
CONTINUE TO PLAY OUT BOTH IN
PUBLIC MARKETS AND CAPITAL
MARKETS AND AN UNEXPECTED AREAS
LIKE
THIS ONE.
>> SO THE MEDIAN DONATION FOR
CONSTITUTION DAO WAS ABOUT 200
BUCKS 206 TO BE EXACT DO YOU
BELIEVE WILL SEE SIMILAR EFFORT
EFFORTS IN THE OUT.
>> I THINK THIS CAPTURED THE
IMAGINATION OF THE ENTIRE
COUNTRY AND PROBABLY THE ENTIRE
JUST DEMONSTRATING THE POWER OF
COLLECTIVE ACTION AROUND THINGS
THAT PEOPLE
CARE ABOUT. I MEAN, THERE'S NO
REAL FINANCIAL UPSIDE THAT WAS
EXPECTED IT WAS SOMETHING THAT
PEOPLE FELT STRONGLY ABOUT AND
SHOULD
BE IN REPUBLICAN COMMON HANDS
AND THIS IS AN ENTIRELY NEW WAY
ARE BETRAYED THE PEOPLE
TOO POOR A NICE A VERY RAPIDLY
TO BRING REAL MONEY TO THE
TABLE AND THEN AGAIN 47 MILLION
DOLLAR RACE THAN 4 DAYS, IT'S
OVER 11 MILLION DOLLARS PER
DAY. I SAW A AN INTERVIEW
MAJOR MUSEUM SAID FRUSTRATES
THAT THAT THE MONEY TYPICALLY
TAKES US 6 MONTHS AND IT TOOK A
RAGTAG GROUP OF PEOPLE FOR DAYS
TO DO SO SO I THE POWER OF
THE STATE ELEGY IS REALLY
BEGINNING TO COME INTO ITS OWN
AND I THINK WE'LL START TO SEE
SIMILAR ACTION AROUND SIMILAR
CULTURE, SIGNIFICANT ITEMS IN
THE FUTURE. IT'S ALSO WORTH
NOTING SOME ABUSE ITSELF IS 277
YEARS OLD THAT'S OLDER THEM TO
DOCUMENT THAT THEY WERE
BIDDING AND AND THEY RECOGNIZE
THE DOW HAS A LEGITIMATE BETTER
THEY RECOGNIZE IF THAT'S WHAT
YOU GET FROM THE COURTESY
CURRENCY THEY. RECORD AS A
WALLET AS PROOF
OF FUNDS AND AND JUST BEFORE
THIS BUT LIVE ACTUALLY 2 MAJOR
PIECES FROM BANKSY WORK TO
NOMINATE AN EAST
AND SO THE REST THE WORLD IS
CHANGING PRETTY RAPIDLY IN
RESPONSE AND EMBRACING SOME OF
THESE CAPABILITIES PROP BY
THE ECOSYSTEM.
>> I LOVE THE GAVE ABOUT THE
MUSEUM SAYING HOW MUCH TIME IT
WOULD TAKE THEM TO RAISE A
SIMILAR AMOUNT THAT REALLY
IS INCREDIBLE LET'S HONE IN ON
CRYPTO WE HAVE TO TAKE A TALK
BITCOIN POSTING ITS WORST WEEK
IN THE LAST 2 MONTHS WE JUST
MENTIONED THIS TO OUR VIEWERS A
FEW MOMENTS AGO CURRENTLY
PRICING ABOUT 56,000. WHAT DO
YOU BELIEVE LED TO THIS RAPID
FALL, NOT.
>> WELL I ANYONE HAS AN
EXPERIENCE INVEST IN CRYPTO
KNOWS THAT THAT TENDS TO BE A
FAIRLY HIGH DEGREE OF
VOLATILITY BUT ON A LONG ENOUGH
TIMELINE THE TRAJECTORY US UP.
AND SO IT'S
DIFFICULT TO GREAT DAY TO DAY
OR TO PREDICT SERVE INDIVIDUAL
SWINGS BUT THE BEST STRATEGY
SEEMS TO
BE TO BUY AND TO THE LARGER
CURRENCIES LIKE SYRIA MEANT
THEY
I THINK WE'RE ALSO SEEING JUST
A LOT OF FUN SLOSHING BACK AND
FORTH ERS TO A RIVAL OF THE ETF
THAT SO MUCH OF INTEREST TO
THEM. HOW SOME QUESTIONS IS HOW
COMPLEX IT WAS THERE'S THE
DEMAND FOR SPOTTY TIPPED THAT
OUT THERE ALL OF WHICH ARE
HAVING AN EFFECT
ON PRICE. BUT HERE WE ARE SORT
OF COMPLAINING ABOUT 56 K WHERE
AS JUST A FEW MONTHS AGO IT WAS
WELL BELOW THAT SO
IT REALLY QUESTIONS AS THE REAL
QUESTION IS WHAT TIMELINE ARE
WE LOOKING AT TODAY'S PRICE
THAT'S A REALLY GOOD POINT HOW
MUCH OF AN INCREASE
IN DEBT.
>> AND HAS YOUR PLATFORM BLOCK
NATIVE SEEN THIS YEAR IT'S THE
CRYPTO MARKET SORES AND WHAT
YOU HAVE PLANNED FOR NEXT YEAR
FOR 2022 MATT.
>> SO WE PROVIDE
REAL-TIME INFRASTRUCTURE FOR
PUBLICATIONS AND AS YOU MIGHT
IMAGINE, WE'VE SEEN A HUGE
AMOUNT OF INTEREST AND DEMAND
OF WHAT WE DO BELIEVE IT OR NOT
WE ARE PART OF THE CONSTITUTION
THAT INFRASTRUCTURE IF YOU
CLICKED ON CONSTITUTION DAO BY
NOW YOU'VE GOT BROUGHT TO A
SYSTEM CALLED JUICE BOX AND
MOST OF
THAT EXPERIENCE POWERED BY OUR
LIBRARIES, INCLUDING WELL
CONNECTION AND SERVE
UNDERSTANDING STATUS OF THE
TRANSACTION SO IT'S PRETTY FUN
FOR US. THE PLAY A SMALL ROLE
THAT SONG AS BUT JUST ACROSS
THE BOARD AND FROM THE NATIVE
AT THE TEAM'S INDIVIDUAL
TRADERS AND LARGE TRADITIONAL
FINANCE ORGANIZATIONS ARE
PAYING A LOT OF TENSION TO
THESE MARKETS AS POSSIBILITIES
FOR
THE OPPORTUNE THE DRIVE NEW
EXPERIENCES MAKING PROFITS AND
THAT'S DRIVING AT THE STRUCTURE
PLAYERS LIKE WALK
NATIVE A RIGHT UP