ANYONE TO PUT UP THEIR OWN
TWEETS FOR SALE.
AND WE WELCOME ONE OF THE
COFOUNDERS OF CENT.
IT’S GREAT TO HAVE YOU HERE,
SIR.
>> YEAH.
REALLY EXCITED TO BE HERE, THANK
YOU.
CHERYL: WERE YOU JUST SHOCKED BY
THE MOMENTUM THAT THIS WHOLE
AUCTION TOOK ON?
BECAUSE, TO BE FRANK, I MEAN,
THE TWEET’S BEEN OUT THERE, YOU
KNOW, SINCE THE BEGINNING OF
TWITTER, AND IT’S BEEN ONLINE.
WHAT MAKES IT SO SPECIAL AND
VALUABLE?
I THINK A LOT OF PEOPLE WATCHING
DON’T QUITE GET THE ATTRACTION
OF OWNING A TWEET FOR $2.9
MILLION.
>> ABSOLUTELY.
I MEAN, EVERY DAY MOMENTS ARE
CREATED ON TWITTER THAT ARE
TALKED ABOUT THROUGHOUT THE
WORLD, AND I THINK THAT THERE’S
JUST INCREDIBLE INHERENT VALUE
THERE.
AND SO FOR THE FIRST TWEET, THE
TWEET THAT REALLY STARTED IT
ALL, I THINK IT’S JUST AN
INCREDIBLE OPPORTUNITY FOR
SOMEONE WHO WANTS TO ASSOCIATE
THEMSELVES WITH A TRULY
TRANSFORMATIVE PIECE OF HISTORY.
AND SO I’M, MY CONGRATULATIONS
GOES OUT TO WINNING BIDDER.
IT’S TRULY INCREDIBLE.
CHERYL: DO YOU THINK THIS IS
GOING TO LEAD TO OTHER NOTABLE
TWEETS BEING SOLD IN THIS
FASHION?
BECAUSE, YOU KNOW, THE DOUBTER
IN ME, OKAY, THIS IS A BUBBLE,
THIS IS JUST, YOU KNOW, 2000 ALL
OVER AGAIN AND THE TECH BUBBLE,
YOU KNOW, AND PEOPLE ARE JUST
KIND OF CHASING WHATEVER THEY
CAN.
ANOTHER PART OF ME SAYS THAT WHO
KNEW BITCOIN AND TESLA WERE
GOING TO BE THE HOTTEST THINGS
WE’D TALK ABOUT IN 2021.
>> TOTALLY.
I MEAN, TRADITIONALLY CONTENT
HAS ALWAYS BEEN FREE ON THESE
NETWORKS, BUT YOU LOOK AT HOW AD
MODELS WORK, AND THAT’S THE
PREDOMINANT WAY OF VALUING
THINGS.
AND WHAT WE’RE SEEING IS FANS
ACTUALLY ASCRIBE VALUE TO THINGS
ON THEIR OWN BASIS, AND THIS IS
JUST THE START OF THAT.
SO I THINK JACK DID A GREAT
THING BY DONATING THE PROCEEDS
TO CHARITY, AND I WOULD
ENCOURAGE OTHER NOTABLE FIGURES
TO FOLLOW A SIMILAR PATTERN.
A LOT OF PEOPLE MIGHT NOT NEED
THE MONEY, THERE ARE PEOPLE WHO
WOULD NEED THE MONEY AS WELL.
SO I WANT US TO MAKE THIS A
TECHNOLOGY THAT CAN WORK FOR
ANYONE IN ANY CASE AND BRING
PEOPLE TOGETHER, ULTIMATELY.
CHERYL I WANT TO GIVE OUR
VIEWERS A COUPLE OF EXAMPLES
BECAUSE A LOT OF FOLKS ARE
THINKING WHAT THE HECK IS AN
FINISH FT.
ELON MUSK, OKAY, THIS TWEET FROM
OCTOBER OF 2019, SOMEONE OFFERED
$2,000 FOR AN ELON MUSK TWEET.
I DON’T KNOW IF WE HAVE IT.
AND THEN THERE’S MARK CUE BANGER
THERE’S A PICTURE OF HIM WITH
WARREN BUFFETT AT DAIRY QUEEN.
SOMEBODY OFFERED $220.
SO THERE’S THOUSANDS BEING
OFFERED, HUNDREDS OF DOLLARS
BEING OFFERED.
DO YOU THINK THAT THIS IS THE
NEXT CHARITY WAVE?
I GUESS IT’S BECAUSE IT’S RARE,
RIGHT?
A DIGITAL SIGNATURE FROM THE IF
OWNER, SAY MARK CUBAN, SO THAT
MAKES IT SPECIAL?
>> TOTALLY.
I MEAN, COLLECTIBLES AREN’T A
NEW THING.
I THINK WHAT IS NEW IS BRINGING
COLLECTIBLES TO DIGITAL MOMENTS,
RIGHT?
AND SO, YOU KNOW, MARK CUBAN OR
WHOEVER, I’M SURE THAT, YOU
KNOW, THEY’RE GOING TO PUT THE
MONEY TO GOOD USE WHETHER IT’S
INVESTING OR GIVING IT TO CHAIR
ITY.
BUT I THINK THE POINT IS A LOT
OF PEOPLE ARE INVOLVED IN THESE
MOMENTS THAT ARE HAPPENING
REALTIME X THESE MOMENTS HAVE
VALUE.
AND TO BE ABLE TO GET AN
AUTOGRAPH FROM MARK CUBAN IS
DEFINITELY A SPECIAL MOMENT FOR
A LOT OF PEOPLE.
CHERYL: YOU KNOW, INTERESTING
BECAUSE, AGAIN, JACK DORSEY TOOK
THE PAYMENT, IT’S GOING TO BE IN
BITCOIN.
DOES EVERYBODY HAVE TO TAKE
BITCOIN FOR THIS?
COULD IT BE CASH?
>> SO ACTUALLY RIGHT NOW WE’RE
USING ETHERIUM WHICH IS
BITCOIN’S BIG COMPETITOR, AND
THAT’S BECAUSE THE WHOLE
PLATFORM RUNS ON SMART CONTRACTS
WHICH IS A WHOLE NEW TECHNOLOGY
WHICH IS GOING TO DISRUPT A LOT
OF HOW TECH WORKS, FRANKLY.
CHE CHERYL RIGHT.
>> AND I THINK OVER TIME WE WANT
TO ACCEPT OTHER CURRENCIES LIKE
BITCOIN, BUT ALSO U.S. DOLLARS
AND CREDIT CARDS, MORE
TRADITIONAL PAYMENT METHODS.
CHERYL: I’VE GOT JEROME POWELL
IN MIND BECAUSE HE ACTUALLY
SPOKE SPECIFICALLY ABOUT BITCOIN
TODAY, AND HE WAS PRETTY
CAUTIOUS WHICH I GUESS YOU COULD
IMAGINE.
BUT I WANT YOU TO LISTEN TO WHAT
HE SAID WHEN ASKED ABOUT HOW
THIS COULD WORK IF WE WERE TO
HAVE DIGITAL CURRENCIES AS PART
OF THE FEDERAL RESERVE.
>> SO WE’RE COLLABORATING WITH
MIT ON A MULTIYEAR EFFORT TO
BUILD A HYPOTHETICAL DIGITAL
CURRENCY FOR CENTRAL BANK USE.
THE BOTTOM LINE IS TO MOVE
FORWARD ON THIS WE WOULD NEED
BUY-IN FROM CONGRESS, FROM THE
ADMINISTRATION, FROM BROAD
ELEMENTS OF THE PUBLIC.
AND WE HAVEN’T REALLY BEGUN THE
JOB OF THAT PUBLIC ENGAGEMENT.
CHERYL: I WANT TO ADHERE HE ALSO
SAID CRYPTOCURRENCIES ARE NOT
REALLY USEFUL STORES OF VALUE.
YOUR REACTION.
>> LOOK, OUR BIG THING AS A
COMPANY IS HELPING CREATORS GET
PAID WHETHER THAT CREATOR IS A
PUBLIC FIGURE OR AN ARTIST, AND
CRYPTOCURRENCY IS THE EASIEST
WAY FOR US TO DO IT AT THIS
POINT.
THERE’S A LOT OF REGULATORY
COMPLIANCE WORK THAT GOES INTO
ACCEPTING AND TRANSACTING, AND
WE DEFINITELY WANT TO TAKE THAT
ON.
WE’RE NOT DIEHARD BELIEVERS IN
CRYPTO THE FOR PAYMENT, BUT
NFTs AND THE TECHNOLOGY THAT
THEY RELY ON IS FUNDAMENTALLY A
BLOCKCHAIN NATIVE TECHNOLOGY, SO
WE DEFINITELY ARE BELIEVERS IN
THAT LONG TERM.
CHERYL: IT IS FASCINATING,
WHATS’ HAPPENED WITH THIS JACK
DORSEY TWEET, AND I’M CURIOUS
ABOUT THE NEXT ONE WE’RE GOING
TO BE TALKING ABOUT.
CAMERON, THANK YOU VERY MUCH.