We’ve always been told that knowledge is power. And it’s true. Information is what drives markets. Do you want to corner a specific market? You need information. Do you want to understand it? You still need information.
For far too long, the people who have had access to this information are the ones on Wall Street, or the ones who can afford ultra-fast internet and tech equipment. But with TARTLE, that’s about to change.
In this episode, Alexander McCaig and Jason Rigby discuss data-grabbing, the battle over money, and how we are at the center of everything.
Regulation is not bad. In some instances, establishing oversight on markets has been what makes it more accessible for the people on the ground. This is because it protects market participants from malicious actors, especially those who are not familiar with the commodity or currency yet.
Emerging technologies are appealing because they are innovative, and it’s always exciting to think that we may be early adopters of the next big thing. But we have seen just how catastrophic an unregulated commodity or currency can become. It’s not just a matter of losing jobs and money. When the stakes are high, people lose their lives as well. We only need to look at the Wall Street Crash of 1929 to see this.
So when we look at bitcoin and other cryptocurrencies, it’s not enough to find out how we can use these technologies. We need to ask ourselves what the right regulatory response is as well.
With the introduction of decentralized technologies, particularly in finance, the world has realized one thing: people want choice. Consent in the outcome of new markets.
This highlights the problem we face with fiat currency. Government-issued currency isn’t inherently bad. But printing lots of money is. And an elite, exclusive group of bankers controlling that entire system makes it worse.
Why don’t we get to decide how far we go in our participation, and how much we can get out of it? Why does it feel like someone else is taking advantage of our hard work?
These are questions that anyone is bound to have mulled over in their lifetime. For too long, we’ve had to adjust to the whims of another person or entity. This centralized model does not listen to us, or cater to our needs. It’s time we find a new system to work with.
On TARTLE, everybody can be a market participant and a part of the investment. The market is capable of naturally equalizing; everybody can be a part of the investment. Everybody has the same access and the same information on the platform. And of course, everybody is fairly compensated for their hard work.
It’s almost like the relationship between mining and the price of gold. It’s the effort put into extracting the ore and refining it that makes it so expensive. Bitcoin mining operates in a similar fashion. But with TARTLE, you don’t need to have lots of complex equipment or cash to become a data champion.
Nobody takes a cut from your efforts.
It’s time for you to find out: what’s your data worth?
Sign up for TARTLE through this link here.
Follow Alexander McCaig on Twitter and Linkedin.
In this episode, Alexander McCaig and Jason Rigby discuss data-grabbing, the battle over money, and how we are at the center of everything.
Alexander McCaig (00:07):
Okay, welcome back to TARTLE Cast, thank you everybody that listens to this show, really appreciate it, everybody all over the world. Cheers to you, congratulations for being a data champion and stepping into the future, respecting human rights, people's free will. Oh, last but not least their data.
Jason Rigby (00:24):
Yes, their data and the data grab, the great data grab.
Alexander McCaig (00:28):
The great grab.
Jason Rigby (00:29):
And that's what we're going to talk about because with data grab the whole reason for the data grab is the battle of money that's happening right now. And I want to share how TARTLE wins in this, but first I want to set a foundation and have you talk about this?
Alexander McCaig (00:42):
Boom, ba, ba, boom, boom, boom, boom boom.
Jason Rigby (00:46):
That's a great song.
Alexander McCaig (00:47):
Pink Floyd kills it.
Jason Rigby (00:48):
Every time. The remastered one is even better.
Alexander McCaig (00:50):
So good.
Jason Rigby (00:51):
So clear.
Alexander McCaig (00:52):
Oh my gosh.
Jason Rigby (00:53):
The emergent technology that we have right now. We have emergent technologies happening, especially we can look at the one that most... There's a lot of defy stuff that's going to be, I think, more of a punch to the economy than anything. But we look at Bitcoin now, that's taking all the hype. But that's an emergent technology. How we have the right regulatory response is the key. But you have godlike technology, dinosaur politics-
Alexander McCaig (01:25):
Right.
Jason Rigby (01:25):
... across all countries, all, all, all. That response, you have technology going like this, the response trying to keep up with it, this is still going up.
Alexander McCaig (01:34):
No, it's still going up. And technology advances really quick. What doesn't advance quickly are definitions.
Jason Rigby (01:41):
Right.
Alexander McCaig (01:41):
Does that make sense?
Jason Rigby (01:43):
Yes.
Alexander McCaig (01:43):
How are often does a definition of a word change in Websters dictionary? Not often.
Jason Rigby (01:47):
Right.
Alexander McCaig (01:48):
The key for regulation, even though things are growing very quickly is, how do you define specifically what that thing is? Once you can do that, you can really take, oh, that's a big step. Oh, now I know how to handle it. Oh, so if something's a lion and I can define what a lion, and this is a human being, I know how to handle both.
Jason Rigby (02:07):
Yes.
Alexander McCaig (02:08):
Okay. But you have to define it first otherwise you don't know how to handle it.
Jason Rigby (02:12):
And I think there's really good examples of this because I don't want to say it's all regulatory, it's all bad response.
Alexander McCaig (02:17):
No.
Jason Rigby (02:18):
We see in the 1970s, the financial futures, the CFTC was created and they worked together with the SEC, Security Exchange Commission, they worked together with them to...
Alexander McCaig (02:28):
Commodities Future Trading Corporations.
Jason Rigby (02:30):
Yes. To make sure that when they looked at futures, they could regulate it properly. The CFTC now, and this was, I think in 2008, this was back in 2008, they were doing models. They hired a team of people and were doing models every day to look at blockchain, to look at a Bitcoin, that's cryptocurrency, to see, and they were playing out on their computers, which we can imagine, they were playing out scenario after scenario, after scenario before they decided to have Bitcoin as a future.
Alexander McCaig (03:01):
Don't be fooled. What they do, mathematically, they have really good mathematicians that work at these places. If you don't have it first, you have it last and you're not making money. When they run these models, they're trying to see how this animal, or this thing acts. And once they understand the flows, well, then they can say, well, there's so many similarities to it, we can define it or categorize it to ourselves in this sort of stance. If I can understand how something operates. Say for instance, I didn't know, I was in a very dark room and I didn't know specifically if it was a human or a lion in there, but I heard a growl.
Alexander McCaig (03:39):
Okay, that could be both. Okay. Oh, wait a minute, there's a stench of animal blood. Oh, wait a minute, it could also still be a human. Wait a minute, now I've touched it. This thing has hair all over it and I can hear multiple steps occurring at once. This thing has got to be a lion. As they observe these things, not really knowing what they are, it starts to define its picture.
Jason Rigby (04:03):
Yes.
Alexander McCaig (04:03):
These mathematicians that ran these models, and they had the money to run this stuff all day long are, this thing acts much like a commodity. If I'm going to be trading gold, that's what it is. It's not really a currency.
Jason Rigby (04:14):
Yes.
Alexander McCaig (04:15):
That's not what it's occurring. It's just a store of value as an asset.
Jason Rigby (04:18):
Digital gold.
Alexander McCaig (04:19):
That's all it is. It's a digital gold. When the SEC and the CFTC came together and they're, okay, this thing right here, we're going to treat it like a commodity, we're going to define it as a commodity, and then from that we can apply the regulation we've already written in place onto this specific thing.
Jason Rigby (04:34):
Which makes it easy and then, I think, majority of people in the Bitcoin scenario don't mind that-
Alexander McCaig (04:41):
No pun intended.
Jason Rigby (04:43):
... regulatory part. Because regulation is not bad.
Alexander McCaig (04:45):
No.
Jason Rigby (04:46):
People need to understand that.
Alexander McCaig (04:48):
How many times have markets been cornered?
Jason Rigby (04:50):
Yes.
Alexander McCaig (04:50):
A lot of money was lost. When money's lost, things shut down, people die. It actually occurs. You have to make sure that in the event of these technologies that become very decentralized and the power goes sovereign, off to everybody to make these choices, you have to be careful that people aren't getting scammed.
Jason Rigby (05:09):
And I think...
Alexander McCaig (05:09):
And I get it. I get it. But people are, you don't put regulation on because they're trying to hold us back. They're the man, they're the cabal, whatever they want to call them. Whatever, the point is here, they've seen these collapses, they happen all the time. It's an important to have some regulation on it to protect those who are trying to actually buy it as a commodity for themselves.
Jason Rigby (05:27):
Yes. And I think, like you said, the store value, it creates more value. Now you're having, one of the main hedge fund leaders, lady came out yesterday and said, she thinks in five years Bitcoin will be at 505,000.
Alexander McCaig (05:42):
Why not?
Jason Rigby (05:42):
And how she came, she put models out and everything, she says, "Because the institutional investors all are going to have to have at least five, 10% of their portfolio in this."
Alexander McCaig (05:49):
Right.
Jason Rigby (05:50):
Because just to have a protective mechanism...
Alexander McCaig (05:54):
It's a hedge.
Jason Rigby (05:55):
Yes, it's a hedge. She's, "If you put that valuation out there and you take these trillions of dollars and you put it into this scenario, here's where price models are going to be at and all that." On the other hand, you have somebody, and I'm not bashing this person at all, I'm just saying they made a comment last week. Can you look this up? What Hillary Clinton said about Bitcoin? She said it last week. This is a very interesting statement and this explains to you exactly what... It should have been last week's quote.
Alexander McCaig (06:23):
Yeah, it's four days ago.
Jason Rigby (06:23):
It was destabilizing she talked about.
Alexander McCaig (06:25):
Okay. Hilary Clinton warns Bitcoin could undermine currencies in destabilized nations.
Jason Rigby (06:32):
This is the fear. We have to understand, so whether she's in politics now or not, she's a major player. She could call anybody she wants, her and Biden are friends, she could call anybody she wants and have a conversation with them. Whenever she, one of the most influential people in Washington, I would say, whenever she, this is what the 1% is worried about.
Alexander McCaig (06:51):
You know why she made this comment is because she is aligning with what China has to say on cryptocurrencies. They want a relationship-
Jason Rigby (07:01):
Yes.
Alexander McCaig (07:01):
... with China. They know China has the power. And so if China is staying that they recognize that given their nationalism perhaps earlier than other nations, this could be a direct threat to their own sovereignty, the nation of China. They're, oh yeah, same in the US. We're going to follow you. We totally agree. They know exactly what they're doing.
Jason Rigby (07:20):
That's 100%.
Alexander McCaig (07:20):
Let's not be foolish. Listen, it gives power to individuals to make choice. But at the same time, Bitcoin itself, just this one specific asset is not something everyone can be a part of, no matter all these things that come out, MoonPay and all the other bull shit. No offense to it. If you have money, you can get Bitcoin. If you don't have it, you're not going to be able to get it.
Jason Rigby (07:43):
100%.
Alexander McCaig (07:44):
You have to work in some other system and then try and transfer it over to this new type of system, it becomes very difficult. Unless there's direct work for payment of something, it becomes almost impossible to become a part of.
Jason Rigby (07:55):
But we have to also realize, especially a lot of people that are in the tech world listen to us, Fiat currency is not... We were talking about this off air, Fiat currency is not bad.
Alexander McCaig (08:04):
No, it's not bad.
Jason Rigby (08:06):
It's bad putting shit loads of money, but...
Alexander McCaig (08:07):
It's abused.
Jason Rigby (08:08):
Yeah, it's abused. And you have, and we'll get into this on the next episode, but you have this 0.001% central bankers controlling-
Alexander McCaig (08:19):
That's...
Jason Rigby (08:20):
... money. That's the problem. It has nothing to do with the Fiat currency in and of itself.
Alexander McCaig (08:23):
You're right. That's the whole grip. Everyone tries to put it off on all these different things. The real scoop of why this thing came together is that people want choice. They want to say that I had consent in the outcome and for too long they didn't. And so when this technology comes along, they say, oh, we have a choice in the value of the money or this thing we want to exchange for goods or services, that feels good.
Jason Rigby (08:46):
Right.
Alexander McCaig (08:47):
They don't want the centralized model where people they don't know are making decisions for them. The individuals that spun this up are ones that their political ideology say, we want this decision for ourselves. I has nothing to do with it, it's asset value, anything.
Jason Rigby (09:02):
Yes, anything. And especially when you look at the US dollar, that's the most prized. Whether you like it or not, everything's judged off the USD.
Alexander McCaig (09:10):
Well, explain the data on that. Tell me.
Jason Rigby (09:12):
On why the US dollar is the most prized? Well...
Alexander McCaig (09:15):
Give an example.
Jason Rigby (09:16):
After we went off the Gold Standard, then we decided to say, oh, okay, and then the Federal Reserve said, oh, okay, well, there's this whole thing that we can do, we can print money and then we can have exchanges on these. We've allowed money to be more free. Once it went off the Gold Standard, it allowed it to be able to go across all of the world and flourish into nations.
Alexander McCaig (09:38):
This Fiat currency became floating rates.
Jason Rigby (09:41):
Because World War II set us up, everything set us up to be the powerhouse for... The United States, at that time, I would say sixties, seventies, as we're going into the eighties is the powerhouse-
Alexander McCaig (09:50):
War drives economies.
Jason Rigby (09:52):
... of the world. We had set it up. They're, okay, we took of control of this so now we have the ability to regulate, and not just regulate, but we have the ability to say this is the value of what it is, all these, whether it's [Forex 00:10:06], or whatever it is, all these people, these bankers all across the world, agree on this so now we have the standard. And so now when you look at Forex trading, everything's judged off the USD.
Alexander McCaig (10:16):
No, of course it is.
Jason Rigby (10:17):
And people don't realize, Forex trading is-
Alexander McCaig (10:19):
Even if you're doing two swaps.
Jason Rigby (10:20):
... way more than any stock exchange.
Alexander McCaig (10:21):
Oh yeah, and it's open all the time.
Jason Rigby (10:22):
Yeah.
Alexander McCaig (10:23):
And if you're doing two sets of swaps, the base of it's probably going to be US dollar. Most of the political and economic decisions that happen in major economies will have an effect on all the other currencies.
Jason Rigby (10:35):
This is where...
Alexander McCaig (10:36):
Your soybean, even though you're doing it in some other-
Jason Rigby (10:40):
Argentina.
Alexander McCaig (10:41):
... or a peso or something like that. Because that peso is also traded against the US dollar, your soybea, it's linked, inextricably linked to the US dollar itself.
Jason Rigby (10:55):
Yes.
Alexander McCaig (10:55):
Just through the causation of that chain of how that thing actually occurs. What you find is that...
Jason Rigby (10:59):
That conversion to the dollar.
Alexander McCaig (11:00):
Yeah. What happens is because the peso converts to the dollar, even though you act in peso and you trade your soybeans on it, your soybeans are really based in US dollar. What happens here in this economy has a great effect on many other things.
Jason Rigby (11:10):
And this is an important statement, and this is why TARTLE wins-
Alexander McCaig (11:13):
Tell me why TARTLE wins.
Jason Rigby (11:15):
... [crosstalk 00:11:15].
Alexander McCaig (11:15):
Go ahead.
Jason Rigby (11:15):
And I want people to understand this, and we're going to dive into this a little more before we go, we'll close on this. Information is what drives markets.
Alexander McCaig (11:24):
Only. It always has. If you want to corner a market, information. If you want to understand the market, information.
Jason Rigby (11:30):
And who gets the information first?
Alexander McCaig (11:32):
Oh, it's typically the people on Wall Street, or the people that have the fastest servers, right?
Jason Rigby (11:37):
Right.
Alexander McCaig (11:37):
The ones with the best algorithms, the ones who can aggregate steel, abuse, do whatever they got to do to get that information, twist somebody's arm, industrial espionage, whatever.
Jason Rigby (11:46):
Yes.
Alexander McCaig (11:47):
Those are the ones that typically win. The speed of information and the accessibility to it is what defines the difference.
Jason Rigby (11:53):
With TARTLE, because the market participants buyer, seller, seller, buyer. These market participants, information is what drives the market...
Alexander McCaig (12:03):
Openly accessible-
Jason Rigby (12:04):
Yes.
Alexander McCaig (12:04):
... for anyone to go in and grab. And the best part is, is it naturally equalizes the market where everybody can be a part of the investment, where the investment is not a function of information arbitrage anymore. It's no longer, oh, I have the information faster, deeper, and whatever subset of qualifying aspect of it is, it's now that everyone has the information so how is it that I want to invest? The qualities at which you invest changes, and the cool part about it is the fundamentals that information are actually based off of work.
Jason Rigby (12:33):
Yes.
Alexander McCaig (12:34):
Work comes into play, and if information drives economies, that means the US dollar is based off of information. That information is based off of work.
Jason Rigby (12:41):
Well, we've talked about this before. The mining part of gold is what drives the price of gold.
Alexander McCaig (12:46):
Correct.
Jason Rigby (12:46):
As the price of gold goes up, so does the mining cost of the gold. It's about that much to get it out of the ground.
Alexander McCaig (12:51):
It's like Bitcoin mining.
Jason Rigby (12:52):
Yeah, Bitcoin mining's the same way. It's the same with TARTLR work.
Alexander McCaig (12:57):
You put the work in...
Jason Rigby (12:57):
The asset drives up by why.
Alexander McCaig (12:59):
By how much work is put into that specific data packet.
Jason Rigby (13:02):
And the information that it's providing.
Alexander McCaig (13:03):
Correct. That information then has a higher value-
Jason Rigby (13:06):
Right.
Alexander McCaig (13:06):
... which everybody can share in acquiring. It's not like, oh, I'm going to limit the amount of people that have...
Jason Rigby (13:12):
And that's why we call data the new or oil or the new gold is in the sense of the information that you have within yourself, wherever you're at, whatever country you're in, is valuable.
Alexander McCaig (13:22):
Correct. And data accessed openly is a great equalizer. Everybody has the ability to participate in this marketplace, but you got to pay for those things that people are working for. There has to be reciprocity and a proper exchange of value for that work.
Jason Rigby (13:36):
But I think the information that's on the TARTLE marketplace is so valuable that a buyer, it would be silly not to pay for that information because we're doing-
Alexander McCaig (13:46):
Your ROI-
Jason Rigby (13:46):
... something that is...
Alexander McCaig (13:47):
... is huge.
Jason Rigby (13:48):
You're going directly to the source.
Alexander McCaig (13:50):
You don't understand, there's no ways...
Jason Rigby (13:51):
It's first.
Alexander McCaig (13:52):
It's instantaneous, it's first party data.
Jason Rigby (13:54):
Yes.
Alexander McCaig (13:55):
It's baked in with consent. You de-risk your decision making, and just to think about it before we close this out, okay, okay, that information comes from the human beings which are supporting your products and services. There's no guessing. They said time's the great equalizer, no, it's data. Thank you.
Jason Rigby (14:15):
How would a buyer of data sign up?
Alexander McCaig (14:18):
Go to TARTLE.co, click on the buyer tab, click on get started. Thank you.
Speaker 3 (14:30):
Thank you for listening to TARTLE Cast, with your hosts, Alexander McCaig and Jason Rigby, where humanity steps into the future and source data defines the path. What's your data worth?
