Howard Marks
๐ค SpeakerAppearances Over Time
Podcast Appearances
So they go and look for anybody who's issuing them and they go in on the website and they transfer from their Bitcoin wallet to the wallet in the company and the company gives them the tokens.
And then they take those tokens and they go on to the exchanges and they sell them for more money.
It's a huge business.
And the whole premise is all those ICO companies, the initial coin offerings, are mostly SaaS companies.
They go to www.startengine.com and they can see our offerings.
I'm reading now a book on the financial bubbles, which is explaining how since the last 300 years, how the bubbles work and why no one ever believed they'll burst and they end up bursting anyway.
You know what?
You caught me off guard.
I'll email you the title so you can put it for your readers.
But it's an old book.
I had to go get them on Amazon as a used book.
It's not available anymore.
Elon Musk.
I don't know him.
I'd like to meet him.
I don't know him, but he is a big inspiration because he wants our country to become more competitive and to really create bigger challenges than we've done in the past.
And I think that's a great inspiration for where we need for your listeners to
You know, for them, the SaaS business is probably the only way a software model is going to work, but it's going to transform itself into the ICO model, which is the blockchain, because it's a logical progression.
You know, Internet 1.0, Internet 2.0 now, cryptocurrency, blockchain takes it to a whole new level.
And I think it's important for people to be challenged with new ideas and new technologies.