BitClout

“This is designed brilliantly, and this will grow in the way that it's designed.”

“For the top 15,000 influencers on Twitter, it's preloaded into the platform.”

“And a bunch of the big name tier one VCs are involved in it.”

“You could transfer money in and you could buy coins, but there's no withdrawals right now. So I can go in and verify. I could claim my 50,000 dollars. What I can't do is put that in my bank account. That's a feature that conveniently is not available and not b…”

“And so they're going to get a lot of big people to tweet this thing out, which is going to create this like enormous hype cycle.”

“About one 50, I think, last time I looked at it.”

“So the first 24 hours I was hooked by the second 24 hours I put a 100,000 dollars into the platform.”

“About a hundred seventy million dollars has been deposited onto this. Most of that is from their institutional backers like Andreessen Horowitz and Sequoia and those other guys.”

“I would say in the long run, this working in the long run, I think there's like a less than two percent chance this works in the long run. If it does work, my 100,000 dollars is going to be worth tens of millions of dollars, but that's the long run.”

“And so when I went to the website without ever having used the damn thing, my account had 55,000 dollars sitting in it.”

“They took the top 10,000 Twitter accounts and they had raised, I think, a hundred and fifty million dollars from VCs here in Silicon Valley. And they used it to basically pre-buy and invest in all those accounts.”

“It's gotta be a million dollars.”

“This is what the next Twitter, LinkedIn, Facebooks are going to look like in either one or 10 years.”

“Right now on BitCloud, let's say I have, I think my token, I have like 50,000 dollars of my own token. My current usage of BitCloud is pretty low.”

“But really, like, Sean, you're touching on our strategy, which is, we actually don't want to build any products at all. I didn't even want to launch BitClout, ideally.”

“I think that people don't like when someone gets rich without quote unquote earning it, and I think what people saw is that the insiders, so the people who created it, or maybe the early buyers, they bought so early on the bonding curve, they got so early on, …”

“No, no, that's actually mostly me. So we have a lot of people who are, like, really big names, not just in VC, but also, like, in Hollywood and all that stuff who bought DSO. And they asked me, like, Natter, like, is now the time, like, to really, like, bring …”

“Diamondapp.com is actually more popular than BitCloud already now. So I think it just passed it, even though it launched like a week ago.”

“I'm not saying that this one will work. I think there's still probably a sub five percent chance that this works. And I said, but if it works, the payoff is huge.”

“I think I would bet that in the long horizon, let's call it 20 years These networks will be built in with, these networks will do this. They will have a currency for the users on the network. And so the users will, the users who contribute to the network will …”