My amazing and talented wife Lisa is releasing her new book Radical Confidence, which you can preorder - and get the bonuses she's created for you - at https://www.radicalconfidence.com. When you read this book, Lisa will teach you 10 No-BS Life Lessons to become the hero of your own life and take MASSIVE bold action to achieve your potential!
To learn more about Web3, Impact Theory has created a free resource for all that are interested. You are welcome to explore and learn with us as we continue to grow: https://web3u.impacttheory.com/
Let's take this from the beginning. By now you're at least vaguely familiar with cryptocurrency and you've likely seen Bitcoin make its way to the major media news channels. Now its time to start wrapping your head around Web3. What is it? What will I need to interact with it? How will Web3 impact my day to day life?
Tom is taking Impact Theory into Web3 and believes education is the key for everyone. To make sure this knowledge is accessible to everyone, this Q &A is dedicated to answering your questions about Web3 and demystifying some of the more complex ideas around Web 3, blockchain, and NFT gaming.
A few key reminders for you as you enter this space and do your research:
This is the future of the world your kids are growing up in
You have to have guardrails around how you spend your time learning these things
Be hyper paranoid and very thoughtful about what links you click on, scammers are everywhere!
Suggested Reading:
Ready Player One by Ernest Cline: https://www.amazon.com/Ready-Player-One-Ernest-Cline/dp/0307887448
SHOW NOTES:
0:00 | Introduction to Q&A
0:39 | Start Building Web3 Skills
6:06 | What is a Blockchain?
8:34 | Value of Virtual Assets
13:51 | NFT Interactive Experiences
23:23 | Web3 FOMO & Life Balance
27:34 | Web3 Impact & Change
32:17 | What is Sandbox Metaverse?
35:49 | Why Unreal Engine Stands Out
42:53 | Web3 for Web Designers
45:07 | Web3 Safety
47:22 | Connecting Defi to Web3
49:49 | Longevity of NFTs and Blockchain
QUOTES:
'I knew if I could understand what the technology actually was, what it did, I would be able to better predict where things are going, and once you can predict, then you can do something novel.' [1:23]
'The things that I certainly collect, I would rather have a digital version of that than a physical version of that.' [9:55]
'Immutable blockchain authenticating virtual goods which gives virtual goods as much value as physical goods. That's the world that you're living in. That's the world that your kids are going to grow up in and take for granted.' [18:21]
'...people are so afraid they are going to miss the next big thing that they're just constantly in this death loop of checking...' [24:28]
'Just like social media was a double edged sword, so is web3, and people need to be extraordinarily protective of their mental health.' [24:47]
'If you're winning at Impact Theory's project Kyzen's gamification then you should be winning in real life.' [26:05]
'When you can actually prove that somebody owns something, the whole world opens up.' [32:06]
'The blockchain itself is pretty safe, but man, scammers go hard, so you need to be really careful.' [45:19]
'Humans make mistakes and so each of us are our own vulnerability, and so I won't lie. I sweat over web3 safety.' [45:47]
'Web3 to me is about ownership and participation.' [48:33]
'Only invest what you can afford to have go to zero.' [52:14]
Follow Tom Bilyeu:
Website: https://impacttheory.com/
Project Kyzen: https://projectkyzen.io/
Twitter: https://twitter.com/TomBilyeu
Instagram: https://www.instagram.com/tombilyeu/
Facebook: https://www.facebook.com/tombilyeu
What are some of the biggest questions you have about Web3 and the Metaverse?
@methodlab07 Says:
Mall Rats App!!
@Heligoland211 Says:
Aren't NFTs kind of scam? Really asking. I have seen so many people losing money with them.
@_checkit Says:
man the quality of this editing is baffling me :D
@tubasweb Says:
Glad to see you getting into blockchain! Next step is to ditch that apple closed ecosystem that coddles the users and move to a real PC.
@fabx1628 Says:
You need to eat more Bruh ! You are looking frail .
@jord019 Says:
I find it hilarious this guy keeps talking about the "secure", "unhackable" blockchain that keeps losing money to hackers
@luksocat Says:
39:00 You have described exactly what Fabian Vogelsteller of Lukso is building. Fun Fact: Tim Sweeney follows very few in Web3... But Fabian is one of them 😉
https://youtu.be/ou5JMOiGr58
@templeray5692 Says:
This is what fabian vogelsteller is building the blockchain for the web3 is going to be lukso with universal profiles and social tokens.
@espritetmetabolisme8296 Says:
Imagine Tom and Fabian vogelsteller having a discussion around NFT 2.0, Web 3 and next level identity blockchain ! Make this happen !
@temp_tray231 Says:
35:43 persona.exe has stopped working...
@tonyhooyer8997 Says:
Reading about people grabbing multi-figures monthly as income in investments even in this crazy days in the market,any pointers on how to make substantial progress in earnings?would be appreciated 😇.
@najustpassing Says:
I love you Tom. I'm just starting with my "second life" career and I love you for this. More of it!!
@ithfransuave Says:
Like #1k! Awesome video and content.
And thats awesome you play Destiny 2!!
Warlock, Hunter, or Titan?
What subclass and what console?
🤓🎮
@ferdacoin2727 Says:
sounds like people myspace wall banged googles tracking crawlers tbh.
IMO the only thing "NTFs" will hold a major warranted and functional impact on is music.and just new inventions in general.
@ktajax Says:
@4:00 I'm a bit surprised. If someone is REALLY doing their homework they would know that bit and eth have started the whole crypto craze but, will not stay there. They are the MySpace of crypto. Upon further investigation you would know that eth got a free pass from the sec for not saying who their big whales are that invested in the beginning. Bit and eth are getting a free pass while Ripple is the one that has been open book yet they are the ones being investigated. Ripple is will take over the swift system. They can perform 1500 transactions a second while eth is 7, bit 4... I believe eth could be in trouble should their history be uncovered. While bit is going below 30k and staying their. XRP, XLM and XDC BABY!
@joetsan1950 Says:
Outstanding video! Very practical and thoughtfully put together. Even though I’ve been in this space for a bit now, wallet aware potential is finally starting to sink in and the future looks bright.
@centurionstrengthandfitnes3694 Says:
NFTs as we know them right now are just not relevant to the vast majority of humanity. People don't typically invest in NFTs for community or utility. They invest in the hope of making massive profit in the event that the project 'moons' (achieves massive, rapid success and popularity). And on that level, the people who lose money on NFTs massively outnumber the people who make profit. The NFT marketplace is a zero-sum game.
@stevesmittysmith7233 Says:
Hey, can you do an episode about how the most powerful and wealthy people in the world are aware of impending global food shortages and are letting it happen? Thanks!
@anthonyamann2430 Says:
Seems like it would do what Netflix or Facebook does, constantly giving me only things based on past decisions or clicks. It sees what I’ve done and feeds me more of that. It doesn’t understand I’m interested in other things as well as could be interested in something unknown yet. It will definitely be an interesting ride.
@marcelcorbeanu Says:
Makes me laugh ... experiences are for sick "developed" nations, for normal people there's air, water, sky, sun, land, trees, people ... PEOPLE!
@marcelcorbeanu Says:
Don't you see the basic idea: What did you use to "invest" into Bitcoin? :)) looool
@trp2413 Says:
Tom, Gov Hates Competition, do you really think they will lay down and give up their monopoly on currency?
@kingdariusrocks Says:
Awesome video and I’m loving that limitless shirt!! 🔥💪
@FJRamosArt Says:
Hearing this stuff is a little scary but definitely exciting. I’m enjoying VR so far but I think AR will be a game changer. “Unreal engine”is great but don’t sleep on “Unity”
@silver2zilver Says:
What about the next wave of poverty?
@gregryma Says:
I get crypto, but NFT looks like dumming down society through faking life and detaching oneself from one another physicality.
@richperkins5192 Says:
Fuck this. I’m not down
@sethschmucker4238 Says:
Ok ,Tom Dalio!
@CedricGwebu Says:
A blockchain is a distributed, cryptographically-secure database structure that allows network participants to establish a trusted and immutable record of transactional data without the need for intermediaries. A blockchain can execute a variety of functions beyond transaction settlement, such as smart contracts. Smart contracts are digital agreements that are embedded in code and that can have limitless formats and conditions. Blockchains have proven themselves as superior solutions for securely coordinating data, but they are capable of much more, including tokenization, incentive design, attack-resistance, and reducing counterparty risk. The very first blockchain was the Bitcoin blockchain, which itself was a culmination of over a century of advancements in cryptography and database technology.
I hope this helps man. Thank you for the great content!
@GregoryJackson2510 Says:
Physiology of the Spiritual (Quick Guide)
-The pleasurable “chills” or “goosebumps” (aka frisson) experienced when listening to music, watching movies, viewing art, dancing etc. is a sensation that is sustainable for long periods and increases in intensity with dedication. It is the sensation needed to enter altered states of consciousness known as the Jhanas as well as to self-induce out of body experiences from a meditative state (visualization techniques are also required for OBEs).
-If you pursue this sensation within yourself by attempting to feel it as much as possible (all day, every day if you are able), it builds in strength significantly over time to the point where it becomes a full body sensation with the pinnacle being at the crown of the skull. You must become your own experiment as each individual’s set of beliefs and emotional reactions are unique.
-One fundamental key to the sensation is to achieve states of genuine, positive emotions such as love, gratitude, inspiration, courage, joy, unity etc. Therefore, anything that enables you to feel these emotions will work. Conversely, anything that prevents these, will prevent your sensation. Control of thought is the key.
-It is important to take a non-judgmental perspective of all things, including yourself, in order to cultivate acceptance and love within yourself. Try to be honest with yourself at all times. Trust your feelings and intuitions.
-Be patient and be understanding of yourself if you think you are struggling. This is a progression and it will take some time to strengthen, especially while first beginning to induce in meditation, as your brain reforms its pathways via neuroplasticity (weeks to many months depending on effort). Love yourself unconditionally for the greatest success.
-Your sensation will inevitably grow in strength with persistence and you will begin to feel it more easily to a broader range of stimuli. You will eventually realize it is not the stimuli at all, but only your emotional state and control of your mind/thoughts that matter.
-It is this same sensation that monks attempt to achieve during meditation and chanting. The chants or mantras are to create vibrations in the chest which can help stimulate the sensation as well as to keep one’s focus single pointed.
-It is the same sensation that “spirit runners” or indigenous long-distance runners attempt to achieve. Also called “runner’s high” in the west.
-The current scientific term for the sensation is “Frisson” and it remains relatively unexplained in the public sector being reduced simply to a release of endorphins.
-Other names include: Chakra Energy, Kundalini, Prana, Mana, Qi, Chi, Holy Spirit, life force, vibration among others depending on your cultural lens.
-In the CIA analysis of the Gateway Process for consciousness it is described as “a self-stimulation of the pleasure centers in the brain caused by the circulation of a ‘current’ along the sensory cortex.” https://www.cia.gov/readingroom/docs/CIA-RDP96-00788R001700210016-5.pdf
-Remember this sensation is sustainable and will increase in intensity. Much love.
@jowilliams9368 Says:
Tom ! please look in youtube for blender movies, an excellent open source alternative to unreal with no 5%
@ReadingDave Says:
Rather than wallet aware, it might be better for people to put out collections which people want. I might like heavy metal, blues, and classical music, but I wouldn't want them mixed together. I think wallet aware paints people as two dimensional rather than open to new things. Perhaps predictive blindness is a problem for wallet awareness implimation.
@podium_podcast Says:
Tom, appreciate you always seeking to add value and educate your community. 🙌
@EludeStalwart Says:
2:32 At this moment I began imagining questing in World of Warcraft. Where each town or village you visit you can do these missions for specific rewards. The missions are like running errands and delivering messages (also, legend of zelda comes to mind. Where Link doesn't say two words the whole game buy helps people out to progress in the story).
@nancydickson7699 Says:
*As an investing enthusiast,I often wonder how top level investors are able to become millionaires off investing,I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make decent returns*
@buildwithvaughn Says:
Look into the quantum arena of crypto. Such as xrp, xlm, XDC. There is a financial shift that is coming rather sooner than later. I say by at least 2024 (don't quote me). Those coins are gonna be used to restructure how the average person analysis money.
@leeghorbani9055 Says:
Tom I am disappointed of you. I had an admiration, but things changed. You are not the same. Prove me wrong by highlighting the benefits that you provide to others through web 3
@JamesDecker7 Says:
Please watch Line Goes Up video if you want to lead a dialectical life and hear differing views on blockchain technology (as well as the downsides people like to play down similar to the downsides of the current system people like to play down).
I say this as someone interested in actual decentralized technology like Pi.
@flor.7797 Says:
NFTs are a scam
@alicewilliams6497 Says:
AMY AND AMBRA IGNORE YOUR STUDENTS COMPLAINTS ABOUT THEM AND REFUSE TO PASS ONE NEGATIVE FEEDBACK ABOUT THEMSELVES. THEY ARE HURTING ITUs REPUTATION. SO MANY STUDENTS ARE COMPLAINING TO EACH OTHER!!! SOMEONE READ THIS AND HELP.
@lilamnbdh967 Says:
An interesting development , thank you so much for sharing Tom🙏
@siegelfilmsweddingvideo Says:
If you are new to Web3, Tom is the guy you want to follow. He has a unique ability to break down complex subjects and apply a first principles framework into how to position yourself for the future if it makes sense to you after researching.
@Continental123-i2n Says:
You're an Agenda 21 New World Order Pusher-- Obviously. Sad
@acenull0 Says:
Love this topic ❤
@jaimerestrepo8321 Says:
Which apps do you use to purchase crypto?
@freddieneve2311 Says:
Tom, Love all of this but I have an issue. I am a visual learner and could ya point out too where one can learn all bout What you have talked about? Sorry that I can't get my head wrapped around all of this, it just doesn't compute! lol. But would love to know where oner can learn visually. Thank you! PS keep up the passion bro!
@joshspadaro6736 Says:
Love seeing Impact theory pioneer what is possible with this amazing new technology. So pumped to see what the future holds!
@chaelnel Says:
I am cautiously optimistic. Been studying for a while, but signed up to see what you are putting out as well. Cheers Tom.
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