CryptoBasic Podcast

Your source for all Cryptocurrency information, made for the novice investor. 

One of my favorite things about this project is the one of the founders,

Mike:

eddie smith. He has a cultlike following, and i and i don't want to use that in a negative sense. Very often, they list comparisons to him as if he were like chuck norris, like they talk about in way and welcome to this edition of the crypto basic podcast.

Mike:

My name is corinne veruca, and i'm here today with brent philbin.

Brent:

Hello, haven't had coffee bring filming without coffee, and michael lockie, i had a say, smoothie.

Mike:

I've been to the gym already.

Karim:

I'm feeling good.

Brent:

All right, eso personal status aside, what you're listening to right now is the part of our wanna one syriza collection of standalone episode where we explore coins, concepts or projects from the ground up today's topic is never leo one o one and this gentleman right here are going to break it down for us, the vision, the history, the structure, how it works and what they think of it, so we're going to go from the very beginning, all right, before we even start with the vision of this project, one of the things we like to discuss is any personal bias or steak that any of us could have in the project we're discussing, so i'm actually going to start with you, mike, my first question to you is going to be have you own neblio at any point to yona now and what were your personal opinions going into this project before you researched for sure and my biases air very heavily aligned with neblio it was it's arguably my first low market cap loved that i fell in love with i very much so remember using this as my stepping stool to learn about proof of steak how everything interacts with each other, you know, this got me on telegram so i could interact with the community a little bit this was really a big project for my growth in the cryptocurrency space okay, and so i'm assuming mike, therefore, that you have owned and possibly do still own neblio neblio has consistently been one of the largest part of my portfolio since i developed a portfolio.

Karim:

Oh, very interesting.

Brent:

All right, brandt, what about you?

Karim:

Steak and bias?

Mike:

I don't own any neblio and i had a positive bias going in because i mean, some of those same telegram chats and there was any way they love neblio in those tats, so i will say that my positive bias was changed a bit during the course they have some kind of, and i'll explain why all right, very interesting, so that at least gives you an idea of where the individuals that are explaining this project to you are actually coming from now, i don't own any neblio personally and i have a research day, so i didn't really have any particular bias.

Karim:

I'm just going to explore the project with you, the audience as mike and brent give us answers.

Brent:

So let's hop writing guys, let's start with the tagline, the vision, the elevator pitch, what is neblio all about?

Karim:

Yeah.

Brent:

This is pretty basic and this is what a lot of my large portfolio contributions tend to look like they're trying to bring mass adoption and they're focusing on the business side now other projects like div ix they're doing the same thing it's a platform and they're trying to help businesses have the option of using decentralized aps creating their own blockchain and just overall adopting with this revolution that we're experiencing mike i just want to get a quick clarification you mentioned div ix but did you mean dragon chain no no dicks is specializing with barrier for entry and more of a customer side and dragon chain is also much more of ah similar comparison to this project dragon chain is definitely looking more towards the business side but i was using a different reference for the difficult it's more of a they're trying to bring massive option to the consumer whereas dragon chain and neblio are trying to bring ease of entry for the biz is excellent brand anything you'd like to add their for vision that's about that's basically what they're doing i will say that reading their white paper was very easy which is not normal lot of white papers there's a lot of stuff that i have to be like how it tells that word mean look it up but they're white paper was extremely succinct and easy to understand right real quick what do you mean precisely by easy it was very easy understand like was the content quality still hi it was just explained the easy way or was it just a very plain paper that you just kind of breezed through and never really scott stumbled out anything too technical there's nothing to technical in it which is a slight probably con because i had to do a little bit more extra research to fill in some of the blanks but if i was just a person deciding whether i wanted to invest in that project the white people was really all i needed and they did a good job of making it easy to understand which i feel like sometimes white paper writers make it hard to understand on purpose and then some people they just used they're translation is terrible so you can't understand it it's an interesting point because it brings up the question of who are white papers actually intended to target and how should they be written should they be highly technical to show the world exactly what you're trying to accomplish should they be accessible to so that investors know what they're getting into?

Karim:

Probably no right answers and different projects are going to take different approaches but it is interesting to no brandt you're basically saying this is one of the projects where you can read the white paper and actually understand what the project is trying to do it looked really cute too building off of that as well the website is very clean very organized pretty much you know i was able to look around and find what i was looking for very, very simply but there's more that will get into later on though sounds good.

Mike:

Brent hit me with the history of this coin not a ton of history that they did there i seo in two thousand seventeen about halfway through the year they didn't have any pretty mine which was nice they had to buy their own tokens if they wanted toa have tokens and they burned anything that wasn't sold so there's actually like a burn address that they send the tokens to that they get we used was founded by a guy named eddie smith who has no real meaningful blockchain experience or cryptocurrency experience but he's got a ton of experience with business to business and programming, so he seems like the it makes sense that this was made the way it was and they were one of the few projects i've ever looked at there were kind of a head of their roadmap they had a wallet immediately after their eye ceo and they had other wallets ready to go almost instantly they have beaten all of their deadlines and gold so far so and there's no drama there's no like anything that happened with regard to oh my god this happened in the video is very clean one of my favorite things about this project is the one of the founders eddie smith he has a cultlike following and i and i don't want to use that in a negative sense very often they list comparisons to him as if he were like chuck norris like they talk about him in you know, in the community as you know somebody that superhuman thatjust like defies logic like from what i understand he is an urban legend when it comes to programming is just like on such another level that the ways that he accomplishes the roadmap is at a pace that people don't like comprehend so before we move on from this section i had a thought when you guys were talking about brent when you first mentioned eddie and now that mike is following up on him so i had a thought and i want to know your personal opinions about this so one of things that brent mentioned was that eddie smith really didn't have any significant blocks and experience but that he was a very accomplished programmer so my first thought when i read that is that when it comes to this industry considering how young it is i never really consider lack of experience and blockchain as a negative simply that having blockchain experiences a positive but i would consider somebody with considerable programming experience qualified individual to lead a blockchain project do you guys both agree with that sentiment?

Karim:

Yeah group but we're talking about eight nine years with maybe ten i can remember when big link him out but i should know that but james is blocking two times in a row to those nine and into those whatever anyway so yeah we're looking at a total of eight years that's not a lot that's not a lot of time there's gonna be a lot of newcomers a citizen yeah i mean when people say they've been in the industry since twenty twelve were like oh my god you were around with the gods and time right exactly you're here a greek legend i really don't think i really agree with what you got there saying i actually think the programming is almost as valuable as the block chain and i think that anybody that's adding the resume and just saying that like i'm moving into this block chain i think he's one of the better founders developers that i've studied myself very interesting all right so for our audience the next step that will follow is actually diving into the features and structures of this project but before we do that we got to do a brief overview with our a rapid fire section alright sonar rapid fire section we're gonna ask brent a serious of yes or no questions that will give us a better idea of this project overall so bright question number one is this a coin a token or a platform it is a platform is it decentralized?

Mike:

Not even a little bit not even a little bit wow, i'm going to say that to know that's enough easy to move around it seems easy to move around the wallets or super user friendly so i'm giving it a guess excellent can it be mined or state they could be staked his proof state point explained to me what no ten percent means theo ten percent of the staking roared i have no idea why i wrote it there it was probably a note that was reminding him that the cumulative average staking rewards end up being about ten percent per year ten percent of what of the amount you're taking balance.

Karim:

Yeah, very interesting so this is almost like an expected return on investment, is that correct?

Mike:

Tio tio neblio ten percent is your minimum return on investment in the estate neblio very interesting i'm sure a lot of investors will eventually be very intrigued okay is the main that live?

Karim:

Yep remain at his live there runs wrong so they're their own watching to have their own blocks.

Brent:

And lastly, the most objective scientific question off our siri's doesn't sound cool not only it sounds cool, you know they're not even in the top hundred of market cap, so i feel like they've they've missed some beats with marketing so i would say there that's a know all right.

Karim:

And now, mike, what i want you to do is to put all of your facial expressions that you just had in tow words neblio flows very eloquently off the tongue.

Mike:

I think it's a very unique word and it's, really the website itself is nebel dot.

Karim:

I owe so it's using the web domains that are common in the crypt of space with its token address to make a full name.

Mike:

And i think that the one thing that really stood out to me and my recent research wass their roadmap didn't even begin the marketing until this quarter.

Brent:

So marketing beginning was always slated for this quarter, and they've had a couple small announcement so far they're definitely stepping up their game.

Mike:

They released a recent youtube tv channel where before it was just a couple of videos from a developer showing you some stuff.

Karim:

They released their first like, official business looking youtube video that was meant to be part of, like getting people to understand what neblio is about well.

Brent:

If they start marketing, i might switch my opinion in the next time we do it, but right now i don't obviously their marketing has been bad if they just started marketing, and i think that the nebel dot io is a negative because even though it is cool, it's kind of like cute way to do that if you're telling somebody to go to the website that's actually a tough way to do it or if somebody was just like, let me check out neblio dot com no neblio dead aion hope neblio you know, e, um and i don't know why, but you just remind me of oven interaction i had with somebody that came from a super hipster coffee store, and they were super mad because they order coffee, but the store, like, didn't have cream or sugar because, like they didn't do that, they didn't want to ruin the copies, so they didn't even have agreement available.

Mike:

And then obviously a lot of people thought that was really cool and a lot of people but what's not so cool.

Brent:

Yeah, i know so no, because look, the neblio dot io it seems very like no it's, not neblio daio it's, never a iot you got around.

Mike:

No, no no neblio dot io as opposed to never leo i understand that together it's forming the word but even though it can seem very cool i think brent's point is that it can ultimately be confusing and lim adoption but you know whatever look this question is does it sound cool?

Brent:

You know what they say about sounding cool, right guys exams either know or you don't not being cool to the court tonight or you never really know yeah, i have learned very well that i don't know anything about what's cool in that cool, right?

Mike:

I mean, i'm gonna move i just feel like we just have that section's britain i couldn't disagree with the marketing every time yeah, i love it all right guys, enough lollygagging around let's get into the nitty gritty of this project how does it work?

Brent:

What does it do?

Karim:

Let's get into it all right, so as we lose before their a proof of steak project so we that's different than proof of work so they're going to be they're going to pick random people to get the rewards based on the tokens that they're staking actually, i don't even think it's random i think it's everybody so the coins that air staked, they start to kind of mature to a full level and when they get to their full level they're ten percent of however many of their staked per year and that's the block reward i mean that's what's paid out so this is the entire year always the minimum once they're fully mature tokens okay, brent, we're going to stop you right there and i have two questions for you.

Brent:

The first question is you said that the coins that are state takes some time to fully mature what does that mean once you've designated them to be tokens that are being date, you can't move them or do anything with them and if you do, they reset to the i can actually explain a little bit of the purpose of this s o neblio is an eight hour maturity period every project has their own level of maturity that they want their state coins to be under.

Karim:

What you're trying to accomplish is that you need a certain number of confirmations on the block chain that this wallet actually has those tokens so they need to mature they need verification that this is legit this is wrapped in the amber that the blockchain is ok now let's give this the green light to start helping our network got it got it so by maturity were basically saying we've had enough time to just confirm that the money you say you're staking is actually there and the rewards that you're getting we can be sure that you deserve i'm fairly confident that is thie exactly right okay, that makes a lot of sense.

Brent:

And then i have a second question for you guys, which is here.

Mike:

You're saying that the block reward is essentially ten percent of whatever coins or state.

Karim:

So does that mean that the inflation rate of this coin is really not structure, but more dependent on what people happen to be staking?

Brent:

And if, for whatever reason, less people are staking coins in circulation, the inflation recon just fluctuate.

Mike:

This is an extremely inflationary coin.

Brent:

They are going to have an inflation rate each year based on the amount of coin sorter state, so it won't be all the way to ten percent.

Mike:

But there will be.

Brent:

I don't know what the numbers are and how many people steak or whatever, but but it will fluctuate, because it'll continue to be based just on what, being state unlimited production of coins based on the staking very nothing.

Mike:

Else can create it.

Brent:

So there's also some fees.

Mike:

And if you move around any of the ntp, one tokens and tp one, tokens are the equivalent of the twenty tokens on the neblio network.

Karim:

So they're the ones that there are ceo's.

Brent:

They're going to use that the dea is going to use etcetera, etcetera, the feet of move.

Mike:

One single transaction.

Brent:

Neblio is point zero there.

Karim:

Want or three zeros on a one of neblio, and then moving.

Mike:

The tokens is based on the amount of data that you have to move.

Karim:

So it's, not just one transaction, is this much.

Mike:

If there's, a lot of data going on than the fees are higher and their dynamic, they're blocks aren't completely, fully it.

Karim:

So we don't really know how the dynamic fees air going toe work, but they do change.

Mike:

Based on again the data in there, so if you want to create your own token, it could be done.

Karim:

Your fee is ten neblio which had burned oh, no, i'm sorry doesn't get burned that goes the blackboard.

Mike:

So the black board gets that ten percent plus all of the gas fees and these for creating coins will also be split among them.

Karim:

Right now, they're doing about thirty transactions per second, but the team says that they're keeping that artificially low so that the blocks are fuller so they can get an idea of what the blocks are going to look like once they're actually close to full.

Brent:

So they say they khun bacon scale much higher than thirty transactions per second, but right now, that's what it's, what they've chosen to put it at, they said they want to do a decentralized exchange.

Karim:

I don't know anything about this and based on how centralize the coin is, i don't know, i don't know how that's gonna work, but i've said that a couple times, so there is no on chain governance with this coin, there is no control of the blockchain and people's hands.

Brent:

The blockchain is completely controlled by the neblio company, which is called neblio business services.

Karim:

Guys, now that we've been in the space a little bit longer and we're starting to see newer generations, you know, like we got to see projects like neo grow, and i feel like you can notice different bos words start becoming prevalent.

Brent:

And in all the projects, like, for example, smart contracts, everybody, everybody was like, oh, we could use more concerts were going to smart contracts.

Karim:

I feel like decentralized exchange is becoming.

Brent:

One of those things is that everybody claims that they're going to be doing, or they're going to incorporate somehow, even when it doesn't even necessarily seem to be part of their means.

Karim:

Mission or project.

Brent:

I'm going to disagree with you there just briefly.

Karim:

And the reason why i think it decentralized exchange is going to be important for any of these platforms that want to be their own economy.

Brent:

If you know you look at a lot of things, neo is a great example.

Mike:

Cardano is going to be a great example.

Karim:

You know, some of the other projects that are working on decentralized exchanges or finance coin whatever.

Mike:

In my opinion, they are planning to be able to be large enough to be all encompassing for lots of traffic.

Karim:

And i keep thinking, visually that these platforms are going to be a lot like what we currently think of as countries or nations or states or something, except it's going to be this like spiderweb that's, like spread over the globe, where it's going to be large enough to have its own influence on many different parts of the world but in a decentralized way in a sense of the nodes, are spread out all over the globe, etcetera, etcetera.

Brent:

So.

Karim:

I guess the only part and maybe maybe i am this understanding the scope of neblio and definitely please correct me.

Brent:

But i guess the point that i was making is, like here were saying, it looks like this is more structured too, you know, for people to be able to build tokens on it.

Karim:

You guys are saying that it is centralized for the most part, there's, an over our king structure.

Brent:

So they're saying, oh, and we're gonna have a decentralized exchange, so it almost seems like it would be something that goes on decide that they're just saying, like, oh, we're going to build this at some point, but we won't have control over it, okay, so so riddle me this batman.

Karim:

If you launch fifty i ceos on your platform, how often have we heard how difficult the bear for entry is to a reasonable exchange?

Mike:

So what you're doing is you're incubating an ecosystem within your platform and similar to what either delta was.

Brent:

Either delta was a very decentralized a theory in exchange for what it did.

Karim:

A mike hold on because you're actually giving me a lot of insight here, but then i just want to clarify what you're saying and this makes more sense to me is when neblio says we're going to build the decentralized exchange, they're not saying you're going to be able to trade your a big coin into cardano on our site, they're saying we're going to create a decentralised exchange like ether delta for the free exchange of neblio tokens and pride that makes the most sense to me, we too have a neblio backed pair, which is going to eventually give the token another use as well as being staked, which also, if you have enough liquidity on an exchange, those air tokens that are out of the staking ecosystem so the value of the state could potentially be higher.

Brent:

I think that this is what is most likely going to be the vision that c that makes a lot more sense because it puts it within the scope of the project, it says we're just going to allow the possibility for these tokens to be exchanging these projects, to be freely exchanged with each other and provide the infrastructure, which makes sense because obviously to their block, so okay, thanks for clarifying that you wanna keep going, yeah.

Karim:

I mean a lot of that is extrapolation because there isn't any real direct they've said we're doing in the central has exchanged they haven't really gone into how it's going to work or anything like that but it was on their white paper and road map so i thought i wouldn't mention it like i said before their tokens air called and tp one tokens so the rial nitty gritty of how neblio is going to work with businesses and how they're going to kind of make this stuff turnkey and make it easy is their rest phil a pee i sweet now they have two different ap i sweets they have their regular a p i and just a throughout what a p i is again this is how you can get two different pieces of software to interact with each other you put out an a p i if you are i don't know facebook and you say all right you want to create a game on facebook that steals people's identities great here's the fbi here's how you do it and you go and attached to that and take anything that you want so ap eyes air any time to piece of software work together there's always an a p i that length um so neblio has an a p i an eight different coding language is that you can come in and create from scratch and attached to their network there blockchain they also have what's called a rest ful ap i sweet rest phillipe eyes are different than a prize rest lippy eyes used existing infrastructure and existing code and they're completely code agnostic if i understand it so they don't care if you're coding in c plus java or ruby or solidity that a p i can connect with your coding and it's like malleable again i'm not a coders won't understand this but this is one of their big selling point is that they can take any coding that you're doing and attached to their blocking this was definitely the most difficult part of the research not super familiar with how a prize work either i know i used them on a couple different things i have aa membership on kucoin aggie when i was trying to do a little more trading before i realized that was a mistake but they have a p i's that connect that business website what it does you can use a prize to connect to a bunch of different exchanges you can connect to bittrex can connect the buy nance you can connect to other different exchanges and you can do all your trading in the same place and you can look and you khun compare prices in different places and things of that news so you can use ap eyes in many different ways including in crypto but there is a little bit complex to me because in a way it sounds like the rest of the ap eyes are a little bit more along the lines of what a a router a modem would be in your home where whatever language is coming in to the back of this modem it could come out in a different form if you'd rather it so it's hard to really explain this because obviously brent said, we don't know the coding actual language here, but it just seems like you can come in as something that come out of something else which provides a really interesting web of combination between what is considered eight very popular programming languages yeah, you know the end of the day makes sense ultimately, like even if we look at something where you for example, have an account on one of your exchanges and you want to deposit money that exchange my you to send a p i to connect to your bank account and your bank might have their entire infrastructure in a totally different language or in a totally different set of protocols than your exchange the cryptocurrency exchange that you're trying to deposit money into is but ultimately all that your bank and the exchange have to communicate to each other is the actual balance on your account for whatever tries to action you're trying to do so it makes total sense that we could have, you know, one format, one function, one programming language do all these processes let's say the bank come to the final number, which is hey, this what this person is on the account and that they could communicate that with an exchange that is doing something else?

Brent:

So it makes sense to me that neblio could say that they're ap eyes can communicate with different ap and, like regardless of coding because a lot of times they're just looking at the end result, they just want the answer to the question that they're asking, yeah, i'm gonna i'm gonna extrapolate here i think a real world example would be there are two options here that you're a regular a p i where are my coder?

Karim:

And i want to create a decentralized game like crypto kitties on their network, and i have to code in one of language is that they're okay with the other option is i'm the owner of candy crush, and i want to be able to put candy crush on that block chain in some way, but they don't use the same code.

Brent:

I can access their rest ful ap eyes make a couple of different a couple of changes, and it can still communicate with the blockchain, maybe not entirely with every piece, but it can communicate enough to get something done.

Mike:

So that's actually, from what i was reading, what i was learning about this it's a draw for coders.

Brent:

And developers to want to work with them because arrest a labia is significantly easier to work with and create something from the bottom up than it is to program with each individual items.

Karim:

The fbi so i feel like they could attract some interesting development for their chain, finally going to kind of round this out here they liked like we mentioned dragon chain earlier, they have a turnkey blockchain solution service the neblio business services offers blockchain consulting and turn key note operations wealth so you can create your entire blockchain with them and do everything launch your token start finish with them also, you wantto figure out how the hell you're going to stake these coins, they literally have an option to just go to them and telling, may i want to stake?

Mike:

Okay, you go and they show you what to do and give you aa program to do it.

Karim:

So and then finally, they mentioned that they would have private networks, gave no indication of what privacy function they would be using, like whether it be something like c case narcs or ring ct or something like that.

Mike:

They didn't say they just said, yeah, we're gonna have private network, so i imagine they're probably not fungible, especially when we still, when we're still dealing with centralization, so to round out the technology, everything is completely centralized through neblio they don't appear to have the ability to create tokens, and they don't appear to have the ability to get those ones that have been burned.

Brent:

But they also do have the ability to slow down the block sizes to slow down the transactions per second to thirty because they feel like it there's no wanchain governance and that's goingto, when we get down to it, that's gonna end up being my biggest cod bring neblio is both the name of the blockchain, and also the name of the private company that runs neblio old never leo's blockchain is neblio and then neblio business services is the company okay?

Karim:

And does the token itself have a use like the neblio token itself?

Brent:

Just like ethereum, the neblio token itself has the ability to, well, not just like a theory.

Mike:

My guests will be here in camp a state yet, but as the ability to be steaks that's its primary use case.

Brent:

But it also pays for all the transaction fees on the network, and it pays for on boarding of new tokens to the network.

Mike:

Okay, so pretty similar.

Brent:

Teo ethereum, neil, yes, or things like that.

Karim:

All right, so why don't we get into the pros and cons basically tease everything out into just some general categories, the things that you like, the things that you don't like, you know, i see that we have a lot on each side, so let's, start going with a couple of pros, mike him yet.

Brent:

So.

Mike:

I'll just have a quick story because it fits in the pros here.

Brent:

I have been working recently with the online web wallet that they released named orion, and what i knew about orion was that it is the only place that you concurrently store your npt one tokens on the raspberry pi, which i'm currently using to stake my neblio it uses thie lennox desktop raspberry pi wallet so airdrops and rewards that are in the neblio tokens are distributed to all of the addresses that have the neblio itself.

Mike:

So i had to go into the orion wallet and there's a process called sweeping the tokens.

Karim:

So you put in your private key and, you know, there's all these disclaimers that your private key is, you know, not stored in any fashion.

Mike:

So you put in your private key and then it's sweeps the tokens off of the wallet that is not the web all that sounds extremely complicated, and i am an easily confused individual.

Karim:

This process was very simple, and it was explained very elegantly it is the team was really careful to answer the questions and did an excellent job helping me out.

Brent:

I've been in there discord a lot recently, trying to get involved in trying i was actually trying to land an interview.

Mike:

With eddie smith himself, i'm actually really embarrassed that i was spelling eddie incorrectly through.

Brent:

Most of my search is for him, and i was really disappointed at the lack of results on youtube for interviews and such even read it.

Karim:

I was, like, really confused.

Brent:

Why i wasn't getting the interviews that i was hoping for.

Karim:

Now, i remembered that i was feeling any wrong, and that was a personal mistake, so i need to do a little more research into that.

Brent:

So, just to be clear, one of the cons of neblio is that you misspelled e well, i mean, that was the con that i'm removing that, because now i realize that i'm the dummy give you some more.

Karim:

Ah, giving some more pros, so i like that they're trying to work towards mass adoption.

Brent:

I think that's a pretty noble thing to focus on.

Karim:

I like that everything is very simple, it's easy to understand, they're covering a few different avenues, you know, i know they're taking on ice ceos they're launching through their project, they're trying to cover a wide range, which a lot of the top platforms are.

Mike:

You know, brent mentioned earlier there was no pre mind.

Karim:

You know, the team only has five members on their website on ly three of them are coders.

Mike:

It's, a very family oriented group or these guys bust their ass, is put in a lot of hours and really are doing a great job reaching their goals and road map and bright.

Karim:

Do you have any more pros?

Mike:

You'd like that.

Karim:

Like i said before the ap, i sweet the way they have it, set with rest well, doesn't require a massive undertaking toe onboard something onto their block chains.

Brent:

That's really cool for developers, it's a good way to get them onto the platform and developing and making game's.

Mike:

Projects, whatever.

Karim:

Theywant to dio the web wallet that mike mentioned is one of the few wallets.

Brent:

Once you get outside of the top ex coins, that doesn't make you download the whole damn blockchain to make it work, they have some sort of docking mechanism that create that.

Mike:

It has to do that still, but when they do it in the web wallet, it takes up three minutes your time instead of a day.

Brent:

So that's, very nice.

Mike:

Now that a lot of the coins that we're dealing with have that at negative feature their way paper i mentioned before, was extremely succinct.

Brent:

They're very wide reaching on their goals, no reason to say that they can't accomplish those goals, and so that kind of rounds out my prose.

Mike:

Okay, so now let's go into the other side of the spectrum.

Brent:

What do we think are some negatives about this project?

Mike:

I wish.

Brent:

One of their goals was to be decentralized they have no intention of doing it and as far as i can tell and i would love to talk with one of them as to why i don't know we're gonna get that chance but i did put some feelers out there to see if we could maybe get an interview they aren't really unique in any way there doing what a lot of other coins are doing they're trying to have a platform they're trying to have a decentralized exchange they're trying to i have tokens on the platform the on ly you know unique tilted that is that they are saying they're targeting businesses but again they're not even the first ones to do that so a pretty saturated market on platforms they've only got a small number of eye ceo's plan right now which is i don't know how big of a khan that is because i see those were kind of out of style for the moment because of all the all the issues that they've had and how they're not working out very well i mean i don't want to say they're completely had a style of his there's ice was going off every day but if this were a ceo winter in two thousand seventeen like you know i don't know november and they had four i ceos that would be a con i don't think it counts right now, but they're also still pretty young so they're working on that i randomly was annoyed on their web site so i was trying to figure out how much it costs to deploy your own token on the neblio platform so i went their website and they had this little it was the neblio university and it said on the website learn period develop period deploy period and i'm like and then i had like a search function and apparently they had all kinds of articles on how to do things i'm like okay well i don't know how to search for this but deployed makes sense all look for the deploy articles and i typed in deploy no results how the fuck you gonna have three words total entirely italics spot and i search for one of the three did not misspell it i looked back and no results come on man that was obviously is not a kind of a project that just annoyed me when i was doing it so i wanted to tell the story and like i said, they're inflation before it's random so there's no way to kind of predict that and it's going to be inflationary for the rest of its life again i know cream you think that inflationary is kind of going to be required for long term mass adoption of any coin at least like to know that it's around the two percent that we're dealing with now is ah life yeah and just to be clear, by the way, i do think that some kind of inflationary model will be required for any coin that wants to function as a currency.

Karim:

Specifically.

Brent:

So, i think a project like bitcoin or pivx ix that are really just trying to be currencies need tohave an inflationary model, or they won't be used.

Karim:

His currencies.

Brent:

When we're talking about platforms that are trying to do other things, it gets much more complicated.

Karim:

And i'm not comfortable saying that.

Mike:

I think, ah, platform project needs tohave, an inflationary model or anything like that.

Brent:

I have no clue what it could need, because this seems like a totally new ball game.

Mike:

You know, miley.

Karim:

Comment to that is, i really don't know what percentage of tokens are typically staked.

Brent:

Oftentimes, while staking, neblio i go months without a without a staking reward and that's okay to me, because i'm not in it for the small rewards, but i am using my wallet to secure the network through proof of steak.

Mike:

I feel like if twenty percent of the tokens air being staked, then suddenly we have a two and a half percent are two percent.

Karim:

I'm sorry.

Mike:

Inflationary income, which seems reasonable, it's, hard for me to know off top of my head.

Karim:

What the overall percentage looks like compared to what's in, say, bye, nance, other exchanges, tokens and waltz that aren't being staked, anything on the web wallet can't be staked.

Brent:

It's, hard to say right now, it's.

Karim:

Fair to say, and i'm not even confident saying that this is a positive or a negative, but it's safe to say that it's interesting that these guys inflationary model will be ultimately random, though, mike, right?

Brent:

Because for multiple reasons, we could have fluctuations in the percentage of staking going on, it could get really high for whatever reason, or i could get really low, and that means that the inflation will just fluctuate in a kind of unpredictable way.

Karim:

What that means, though i don't think any of us really know, right?

Brent:

Is that really fair to say, like, how will that affect the project in the years to come?

Mike:

Unfortunately, we don't have the economic or technological understanding to really make an educated assumption about that.

Brent:

So, mike, you just said something that means i may have misrepresented they're staking, i thought that you were guaranteed ten percent on whatever you're staking once the coins mature, you sound like it's random.

Karim:

I may have been wrong on that, so i want to clear so it's definitely raining no, and when mike gets saying specifically is that, oh, wait, clarify you're saying mike, that you're not guaranteed a ten percent return over a year i think the word guaranteed is really tough?

Brent:

I think your evey you respected value right is around ten percent.

Mike:

It's probably very possible, too run unlucky and on ly get eight percent on the year, but that is with the idea that i don't know what percentage of tokens air being staked, how that affects the way out.

Brent:

I don't know what i mean.

Mike:

Look, at the end of the day, ten percent of the total stake tokens are going to be created, and they will be assigned in a proportional way.

Brent:

Therefore, on average, everybody's taking will made ten percent.

Mike:

Yeah, i just wanted to since i said that we're guaranteed before that i wanted teo just clarify that that isn't necessarily the block rewards are guaranteed to be ten percent of whatever staked at the time, but i guess it doesn't mean that there is a must award them in full neblio owes mike oh, no, i get riel scattered up pieces and okay, it's, sometimes i'll get, like, three point four, six, seven after, like four weeks, and sometimes i'll get, like, eight point seven, nine five after, like eight weeks and it's based on the length of the steak, all right, and for those people who are wondering, where can they buy this token, yeah.

Brent:

Originally, this was only listed on crypto pia.

Mike:

I remember being very excited when i got onto kucoin as well as the eventual by nance listing was very big, so those three are the main options.

Karim:

I do not recommend crypto pia personally it's on hit btc as well i definitely don't run that way as well kucoin growing on me a little more i was kind of if i remove myself for a little bit but it's warming up to me again i think they're trying to do things well, obviously by nance is the daddy all right?

Mike:

And in this part, if i understood the rest of the outline correctly, this part's gonna hurt who is it neblio competing against?

Karim:

I started writing competitors and i gave up.

Mike:

So all right, the three there i wrote, if ethereum cardano neo and then i just wrote it center, etcetera, tons of competitors, anybody who's doing a platform, anybody who's doing business solutions, anybody's doing a decentralized exchange, they have position themselves to be in competition with all yeah, i mean, those those were some pretty heavy hitters to be competing against.

Brent:

When you're talking about the syrians that cardano is danneels, it sounded like it had a lot of similarities with them as well yep, them with the fbi's, yep.

Karim:

Absolutely and and a lot of similarities with even smaller projects like dragon chain for some of the more specific applications that they're going after so definitely a tough road ahead, but, hey, these are evolving projects and evolving community, so we can say that is going to be a tough road to mass adoption for these guys just because of who they're competing again but hard to tell how everything will play out, which is a good seg way into our personal future outlook.

Mike:

Now this is where we stopped just giving you the fax about product found and give you some and completely personal opinions that should not be interpreted investment advice because don't forget to show is for entertainment purposes on lee, so i'm going to start with brent and then we're going to finish off with mike brett, give me your personal future outlook on this corner.

Karim:

So i think that if neblio succeeds with what it's trying to do that they still can't become a new big quit is token, i think that the easiest thing that i can see neblio becoming is like a square space like the place you go when you don't know anything about blockchain, but you want to do something with blockchain so you're like you're joe's pizza placing you're like, we need to get on the block chain thing, all right?

Brent:

Let's go here, i don't know why there was a country accent?

Mike:

I don't ask, but i can see them being like the place that businesses will go to get involved with blockchain.

Brent:

But because of their centralization issues, i don't see them ever being taken seriously as an option for mass adoption in crypto currency.

Mike:

So maybe i'm missing something about centralization.

Brent:

Maybe there was something in the road map ten years down the line there and see.

Mike:

But right now, i think they could provide a very good.

Brent:

I mean, square space is great.

Mike:

We use them for our web site, so they could provide a very good, centralized project that, in the end, doesn't make up a large percentage of the ecosystem.

Karim:

Brian, i have a question for you because i think it's just worth discussing, and i'm not even necessarily agreeing with you.

Mike:

I'm just playing devil's advocate here easier, the fact that being decentralize it will be a primary factor in determining which projects rise and fall.

Brent:

And, you know, obviously the example that comes to mind is the fact that the second or third highest market cap coin is ripple, which is very clearly a centralized project and doesn't necessarily show signs of being overtaken and what it's trying to do so even though the three of us without question will prefer personally investing in project started decentralized, do you really see the lack of decentralization as a primary factor in all these projects?

Mike:

Aren't some project's going to be just fine being centralized for me?

Karim:

There's no way i'll invest in a project that's, not decentralized.

Brent:

I did right kind of here on my outline that it may end up being a good investment.

Karim:

They could achieve very similarly to any other company, they could achieve a high share price.

Brent:

I guess their tokens could be considered shares, but with my dream, my reason.

Karim:

That i love crypto and why i think that it can change everything is all about decentralization.

Brent:

So my projects that i prefer when i'm talking about a long five ten year hold our projects, like send cash like icon, that air, ridiculously decentralized, cardano like those are the projects that i care a lot about.

Karim:

It does not mean that this can't succeed.

Brent:

Can't be a good investment for those that, by the token and can't exist in a world where we're using one of those other ones, is there are primary method, but i just feel like it needs to be pointed out.

Karim:

If a project isn't even trying to be decentralized, i would never invest in ripple, no matter how big its market campus.

Mike:

All right, fair enough and mike, what about your personal future outlook?

Brent:

My.

Karim:

Personal future alec has not changed on this project.

Brent:

I am very confident at the way the team is formed.

Mike:

I like their business model, i like the way that they're handling their business.

Brent:

I am absolutely infatuated with the fact that they're crushing their road map and just every time something gets put in front of them, they're just destroying it.

Mike:

So that is really interesting because what ends up happening is once you establish this ecosystem, you can fix any little problem that the community has on your project.

Brent:

I definitely would prefer more decentralization to be involved, but i think that partially you could look at this as this is the stepping stone that other companies can't be decentralized on their trying to be the hub for the d apse that they provide.

Karim:

So if you're telling me that a centralized company is to steal a dragon chain turn incubating a what's, obviously a business term not to struggle, but if you're providing something that's incubating a ton of decentralized processes, then i'm okay with conceding some of the decentralization on the nuts and bolts that make up this project, i'm not really convinced that decentralized is the way to say those aiken say blockchain is the way to say those.

Brent:

But if they are still attached to the centralized neblio chain, which they have to be based on this, they're only decentralizing themselves as faras neblio has control.

Karim:

And not that if neblio decides to make a big change to the code, the community doesn't get an option to veto that, or to agree on it or anything like that.

Brent:

Neblio can change anything at their discretion, right?

Karim:

And from a personal perspective, brand that's.

Mike:

Just something that you're not okay with one of us singing a cryptocurrency project, even though you recognize that they could be profitable and it could be, you're good investment, right?

Brent:

Again, when i ended up doing the ripple episode att the end hated ripple less because now, like i understood it for what it wass, which was similar to a paper and they're doing a good job being a payment processing platform, you're not going to be doing any changing of the world with ripple, but you will be you could be very easily sending money better then you can today, so they ended up being ah better project.

Karim:

This ended up being worse in my opinion only because i didn't know about the centralization issues. I only knew about the good things that i had heard about the project from guys like peter walsworth, the one that we had the interview with the couple of weeks ago is the one who found this project for us and started to tell us all about it. He is friendly with the developers, he's one of ones i reached out to you, i was like, hey, you wouldn't get that guy on our show because i'd like to ask him like, why do we care about the centralization at all? And i would like to also clarify some things i don't understand about rest sleepy eyes, and i feel like they could have a lot to provide if they end up coming on the show.

Brent:

I have one last question, which is just kind of broad, but just to get an idea of your position, brian let's say that instead of investing in a block chain that was ran by a private company, you were given the opportunity to invest in a company that is has decided that blockchain is the future, and therefore it's targeting all of its services towards that. So let's say, for example, that you could buy shares in neblio the company, as they basically say, our business model is going to be a blotch things because that's what's gonna be happening, would you be more interested in investment? Same position? Because i know that for example, you recognize and used you believe apple and amazon are fantastic cos right, like they might be overvalued, but in theory you would invest in them and they are clearly centralized, so i'm just trying to get the full perspective.

Karim:

No, i would choose to invest in a coin or a token or platform because that's what they're sharing the same space so i wouldn't invest in st g b t c or coin bases upcoming e t f because i can just buy the coins myself and invest more targeted in the projects that i believe in more and again, i might be believing wrong, who knows the's air opinions, but if they if they were a massive, if it was amazon and they said, hey, we're also opening a block to block chain division where we're going to do this, whatever neblio is doing, then what?

Brent:

I'd be happy that i own shares of amazon at that point, yes, but i wouldn't invest in amazon because of that, nor what i invest in any brought company that adds blocked into their name or whatever the case, but yet i see what i see, what you're saying, and i would be happy that it was happening, so any time a company decides we're going to go forward and try to push blockchain, or you want blockchain to go forward, we want blockchain to exist more i'm happy with it, so if neblio succeeds, i'm going to be very happy to watch it do well, but i'm gonna be happy to watch the duel from the side lines and hope that my dream of decentralization comes too fruition.

Karim:

So you're saying that long island iced tea changing their name to a long blockchain doesn't mean you're going to run over and buy their stock?

Brent:

I mean, million people did so yeah, all right, guys, i think that is a pretty good explanation before i wrap it up, are there any parting words about this project that you'd like to give the audience only thing i want to add is that if you happen to know any smith or any of the lead developers, that would like to do an interview, please get in touch with us.

Mike:

We would love that.

Karim:

We'd like to fix anything that we messed up or give you a chance to respond to our criticism.

Brent:

We don't mess anything up.

Karim:

What you talking about?

Mike:

I never we never missing, alright, so that is, that is just a little bit of brents, world famous, legendary humor, but all kidding.

Brent:

Around aside, omise time this saying.

Karim:

There's no that we love it when any observations additions corrections that you may have police send itto us put in our discord email it us we always issue corrections immediately on the flagship if you're a member of the neblio community and you think we missed something or a member of the development team just know we are open to communication and also i would like to remind you that this is just one of our wanna once we have a lot and we covered many concepts and projects bytecoin ethereum neo cardano almost everything in the top twenty we've covered a lot of interesting concepts like decentralization exchanges moving your money so get on our backlog check it out we have some very good episodes out there and raid us wherever you get your podcast itunes really helps a lot and lastly police join our discord if you're interested in some more in depth discussion we have a great community that is rapidly growing but that's going to do it for neblio wanna one we hope that this gives you a better understanding of the project stay posted form or weekly episodes and for brent philbin mike laki my name is corinne baroque and this has been an episode of crypto basic the members of the crypto basic podcasts are not financial advisors this's not financial advice you've been warned twice friend time to go get some coffee i need some coffee

The members of the CryptoBasic podcast are not financial advisors, and this information is provided for entertainment purposes. Please do your own research, and don't listen to these idiots.

The CryptoBasic Podcast is owned and operated by Cipher Consulting Group LLC.