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The Colin and Samir Show

The Problem with Buying Stock in Logan Paul (BitClout)

The Colin and Samir Show

Colin and Samir

Business

4.9665 Ratings

🗓️ 7 April 2021

⏱️ 31 minutes

🧾️ Download transcript

Summary

Thanks to Notion for sponsoring this episode! Sign up for Notion here: http://bit.ly/colinsamirnotion​ Today on the show we're talking about BitClout, the decentralized crypto social network that allows you to buy "stock" or coins in your favorite creators. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

BitCloud. It's hot on the market right now. Big clout. Bit clout. Bit clout. Bit clout is so

0:05.3

addictive and so much fun and so lucrative. All anyone wants to talk about is BitCloud,

0:11.2

Bitcloud. Today we're going to be talking about BitClout, which is a platform that lets audiences

0:15.9

invest in creators as if they were stocks. And that's a conversation we've been seeing a lot lately. People have been asking, can you buy stock in a creator? Now, there's a lot of different

0:23.9

startups that are trying to solve this problem. Mr. Beast and his team rolled out creative

0:27.7

juice that's aiming to fund creators at early stages. We also had a conversation about how maybe

0:33.2

NFTs could be used for something like this. But with BitCloud, we're kind of seeing this new

0:38.3

wave of being like dead on, hey, this is the stock market for creators and we're using crypto to do it.

0:44.3

A lot to unpack there. And a lot of controversy as well, because they didn't really tell

0:47.4

creators that they were going to be putting them up in this marketplace. So are creators actually

0:51.8

investable? Should you buy stock in Logan Paul? Should you buy

0:54.5

stock in Addison Ray? Should you buy stock in us? Unfortunately, you can't because BitClout didn't

0:59.3

include us in the rollout. Not even enough clout to send a cease and desist. I wanted to seize and desist

1:05.1

them. To cease. Cease. Cease. Cease. Cease.

1:11.8

All right.

1:13.6

All right.

1:17.1

Before we start the episode, make sure to like the video and subscribe to the channel.

1:23.9

If you're watching this video on the day, it comes out, you still have two more days to be entered into our $1,000 giveaway from our Mr. Beast interview.

1:31.4

If you're watching this right now, hit the subscribe, bud. Let's give a thousand dollars away to someone who subscribes to your channel the next five days. Hit the subscribe, bud. Boom. All right. Thanks to Notion for sponsoring this episode. And Colin, roll the intro.

1:41.2

All right, man. So this platform, when it was first sent to me, like, feels like it's shaking

1:47.8

some things up. Nice. You like that segue? Nice. Yeah. Just so everyone knows here in the audio only section,

1:54.2

we experienced a pretty serious earthquake last night. And a 4.0. 4.0. And it happened at 444. Feels weird. I don't know. But the reason I said shaking

...

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