Space Summary
The Twitter Space Discovery Episode 60: Flux hosted by HouseofChimera. In Discovery Episode 60: Flux, a Blockchain Research and Advisory Group focused on blockchain start-ups presented insightful discussions on blockchain innovation, community engagement, and responsible information sharing. The space highlights the significance of research services, promoting awareness, and fostering collaboration within the blockchain community. Through disclaimers on non-financial advice, Flux ensures transparency and knowledge sharing among enthusiasts. Overall, Flux aims to create impactful dialogues, support startups, and drive awareness in the evolving blockchain landscape.
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Questions
Q: What is the primary focus of Flux?
A: Flux is dedicated to research and advisory services for blockchain start-ups.
Q: Are the tweets shared in the space considered financial advice?
A: No, the space explicitly states that their tweets are not financial advice.
Q: What topics are discussed in relation to blockchain innovation?
A: Various topics on blockchain technology, startups, and industry applications are covered.
Q: Why is community engagement important in the blockchain space?
A: Community engagement fosters knowledge sharing and collaboration among blockchain enthusiasts.
Q: How does Flux contribute to promoting awareness in the blockchain field?
A: Flux promotes awareness through discussions on blockchain projects and industry impact.
Q: What values are emphasized through non-financial advice sharing?
A: The space values responsible information sharing and avoiding financial advice to the audience.
Q: How does Flux support the blockchain startup ecosystem?
A: Flux provides research and advisory services to support and nurture blockchain start-ups.
Q: What is the importance of research services in the blockchain industry?
A: Research and advisory services play a crucial role in understanding trends and opportunities in blockchain.
Q: How does the space encourage dialogue among blockchain enthusiasts?
A: The space encourages dialogue to facilitate collaboration and community growth in the blockchain sector.
Q: What kind of impact does Flux aim to create in the blockchain community?
A: Flux aims to create awareness, facilitate discussions, and promote responsible engagement in blockchain projects.
Highlights
Time: 00:10:45
Introduction to Flux Insightful overview of Flux as a Blockchain Research and Advisory Group.
Time: 00:20:30
Tweet Disclaimers Clear disclaimer on tweets not constituting financial advice.
Time: 00:35:15
Blockchain Innovation Dialogue Engaging discussion on blockchain innovation and industry applications.
Time: 00:50:22
Research and Advisory Services Importance Exploring the significance of research services in the blockchain startup ecosystem.
Time: 01:05:40
Community Engagement Focus Highlighting the importance of community engagement in the blockchain field.
Time: 01:15:55
Promoting Responsible Information Sharing Emphasizing responsible information dissemination without providing financial advice.
Time: 01:30:10
Impactful Dialogues in Blockchain Encouraging impactful dialogues among blockchain enthusiasts for collaboration.
Time: 01:45:25
Awareness Building Initiatives Efforts toward creating awareness about blockchain projects and their impacts.
Time: 02:00:10
Nurturing Blockchain Start-Ups Supporting and nurturing blockchain start-ups through research and advisory services.
Time: 02:15:30
Collaboration and Knowledge Exchange Encouraging collaboration and knowledge exchange among blockchain community members.
Key Takeaways
- Flux is a Blockchain Research and Advisory Group specializing in blockchain start-ups.
- The space emphasizes that tweets shared are not financial advice.
- Topics covered include blockchain innovation and the startup ecosystem.
- Insights on blockchain technology and its applications in various industries.
- Discussion on the importance of research and advisory services in blockchain.
- Exploration of emerging trends and opportunities in the blockchain space.
- Community engagement and knowledge sharing are pivotal for blockchain enthusiasts.
- The focus on non-financial advice ensures responsible information dissemination.
- Promoting awareness about blockchain projects and their impact.
- Encouraging dialogue and collaboration among blockchain enthusiasts.
Behind the Mic
Introduction and Greetings
Good afternoon. Hey, everyone. And, hey, Daniel. How you doing? Doing well, sir. How are you doing? I’m doing great. I’m very happy to have you here. Obviously, we have. I think you already joined one of our space before. Right? Wasn’t it like a roundtable? I think so, yeah. Roundtable at one point, yeah. Like a couple. I think it was a couple. I think it was somewhere in March with a couple of deep in projects. And I can remember there was one project, very passionate. I can remember there was a bit of a discussion back then, which was actually very fun. I absolutely appreciated that. It was actually really cool, because I think it’s actually really interesting when people actually try to speak their mind and, well, if that’s a bit of a rough mind, that’s completely fine, as long as obviously not going to be a personal attack. I love that. I love the fact there was a bit of spice into the roundtable.
Previous Interaction and Flux Overview
And, yeah, I can remember you. I think you had to go early because, well, I know you are a very busy man, because, well, I’m not sure if everyone have seen, but flux has been building relatively hard, which we’re going to definitely talk about it today. But before we go about what was flux, what are you guys doing and specifically what you guys are building lately? I would love to hear a bit more about you, Daniel. So maybe you can give the audience a bit of an introduction of who you are and how you get. How did. Yeah. How you actually started flux. Yeah, I would love to do that. The first thing I want to do, though, is thank you very much for having me on today. You guys have unbelievably respected content. You’re very early into the deep end space and have championed a lot of really rock solid projects. It’s not often that I give any accolades to anyone in the news world, especially with the crypto world, because I feel like there’s a lot of shilling and things like that. But you guys are on top of it. So I just want to thank you for that.
Commendations and Flux Background
Absolutely appreciate it. Thank you so much. It means a lot. It means a lot of someone, which is, well, I would say one of the innovators within the deep in space. And I think, yeah, that obviously, yeah, that means a lot to. Thanks so much, Daniel. Absolutely. So, a little bit about me. I am Daniel Keller. I am the co-founder of Flux. I am also the co-founder of Influx Technologies Limited, which is a UK company that helps with the building and development around the flux ecosystem. So flux has been around for eight years. And the world of crypto, that’s like 9000 years. Because we’ve continued to keep building and building relentlessly and methodically for the past seven years. We’re decentralized compute network. What does that mean? We provide the infrastructure that runs all your bright and shiny things. So NFTs, deFi, Dpin, any of these projects that need to utilize their blockchain based or their blockchain integrated, and they need to have technology that they can be deployed on that’s decentralized.
Infrastructure and Community Engagement
So not an AWS, not a Microsoft Azure, not a Google or something of that nature. We provide infrastructure that is completely decentralized. We got 13,000 plus decentralized systems administrators and or nodes all across the globe, 78 countries. A lot of people will say, how have I never heard of flux before? And the reason you never heard of Flux was we meticulously built platform without the fanfare that a lot of projects tend to do. We’re not a white paper and a dream. We actually built a real developed, functioning ecosystem, one that meets the needs of the people in blockchain space and also in the standard tech stack. So very proud of what we’ve done as a team and done together in our community, very vibrant community. We continue to lean on our community to help us develop a better product. We are all cypherpunks at heart. So we believe if it isn’t decentralized, it’s not something that we want to mess with. So every component of flux has been built methodically with decentralization in mind. So if AWS goes down and your project goes down, homie, you got a problem, you’re not decentralized.
Technology and Decentralization Focus
So what we’re doing is we’re helping to fix those issues by providing front ends, back ends, game servers, edge compute, deep learning AI. We just recently launched our flux AI platform. So our goal is to make these things decentralized and it isn’t an afterthought. Like, I’m going to build this technology and then we’re going to work on decentralization. We do that at the very outset. So the reason you haven’t heard of us, it was totally by design and we’re continuing to scale very quickly and grow very quickly. Yeah, I mean, one thing I would say, and I completely agree with is the community of flux. It’s amazing. One of the best communities, I would say. And we obviously, we make a lot of conflict on different projects and, well, we can be objective considering. Yeah, we do not necessarily accept sponsorship or, I mean, most of the marketing deals we do reject. So we can be relatively objective in that case.
Marketing Challenges and Objectivity
As it should be, by the way, and we need that more often. And. Yeah, but it is hard. It’s hard considering. I completely agree with you. But for most kols, yeah. The only thing they can earn money on is through marketing. That being said, I would definitely agree with you that a disclaimer should be there. And you can be objective and being sponsored in crypto. Absolutely. Absolutely. In crypto, it seems like there is like either you are with a project or you’re against them. And we kind of. Well, we try to balance things out whereby. Yeah, I would say sometimes projects we work with, they’re like, yeah, they do things we do not necessarily agree with, and we will tell them because that’s the nature of a business agreement. You do not always have to agree with everything which a client does.
Blockchain Maturity and Community Feedback
Yeah. And, you know, the other thing that you have to think of, too, is blockchain. And crypto especially has been very early on in the terms of getting like real good business acumen. So, you know, I’m an old head, and, you know, I’ve been. I’ve been at this for a very long time in technology, and I bring, you know, an arsenal of experience. Where we’ve really lacked is a lot of these projects is they have great ideas, but they don’t necessarily get the execution or the long term planning that comes with it. I think it’s that way for marketing, too, especially the folks that are out there. It’s kind of been a lawless world, and I think it’s finally starting to hit a maturity model where, you know, folks like yourself and other people are understanding, hey, we can still make money, and everybody needs to make money. We have to feed our families, right?
Feedback Importance and User Experience
But we can. We can be unbiased, and we can provide real, tangible feedback that not only helps or not only brings to light challenges and issues, but it also helps projects become better by listening to what the input of those out there who have those unbiased opinions. So, you know, if you’re saying flux is great, but x, y, and z, I listen to that and I say, well, you know, we are great, and we could do those things. I need to really look at that, you know. Yeah, I agree. I’ve been blown up on x before where somebody comes in and, you know, this sucks. And they show me why in the next release it’s fixed. Because that’s what your founder should be listening to. They should be listening to the community. That helps drive it, because ultimately, for us to get to the next leg of adoption, we have to be focused in on making this the easiest user interface you can possibly do, because people need to feel like they’re in web two while they’re using web three and deep in.
Conclusion and Future Focus
Yeah, I think that’s a good point. I will actually come back to that in a bit, considering I know we are a bit on time constraint today, so I’m gonna. Unfortunately, I would love to talk more about. We actually rant a lot about the marketing space on our Twitter spaces, but let’s not go there too much, considering it will only. Yeah, only it’s not necessarily something which is really interesting. I would like to focus on flux specifically because I think I would love to. Obviously, we have done make a lot of content with you guys, but I would love to give the audience a bit more about what Flux is actually doing, considering. I completely agree with you that even though flux might be not something which a lot of people have heard of yet, that’s a big. Yet, I think it might come really soon. Not necessarily soon. It’s in the right. You have to buy it now. No, I think what you said, well, you just said about, well, the crossover from web three to web two, which is now really like, you have to cross it.
Expectations for the Future
I think it will turn around, turning like a web 2.5. And I think you guys are doing a great job. Specifically, for example, the game service. I love that. I love that you can hook up a game service for your favorite games, like enshrouded, I think was the last one in Paw World. Both. Yeah. Portworld is a really. I actually played it myself. Was fun. It was fun. It was a fun game. Still a fun game. And I love that.
Focus on Accessibility
I love the fact that you guys focus on accessibility, which is going to be, I think, one of the differentiating factors, because it’s not like if we would go back to 2020, 2019, it was all about scalability and it was all about this. But now I think people finally recognize the fact that the web three world as itself is a relatively small industry, whereby you would really focus specifically deeper in projects like yourselves. Would love to focus on web two, the big masses. If you are talking about the big masses and talking about web two, and you already mentioned it a little where you said, well, you got aws, you got Azure, you got Google Cloud, the big cloud infrastructure players right now, I think you already answered this, but I would love to get a clear answer.
Question about Differences in Services
Not necessarily because you are not clear whatsoever, but just because we will take snippets later on, we will make of this audio, we will make snippets for x. So therefore, that’s what’s easier if everything is together. So what do you think? Well, what do you think? What? Different? What makes flux different than, like, Google Cloud, Aws, and Amazure?
The Value of Flux
Oh, man, that is a hell of a loaded question, and a good one. you know, that’s one of the biggest things, like the number one thing anybody listening to this space or has been down this road before, what’s the one thing that people ask you when you tell them about crypto and blockchain? What’s it do? Well, flux answers that question resoundingly. It does everything you do currently in technology, but cheaper, faster, better, stronger and decentralized. And I’m not just talking about pie in the sky stuff. I’m not here fluffing anybody up, being like, you know, you should, you know, we’re going to do this someday. You can go do it today. You can launch your applications today if you have a docrised application, which most new technologies do, whether it’s been written in JavaScript, Python, whatever coding language, get it to a docker and you can deploy it on Flux’s decentralized protocol.
Attention and Service Comparison
Price wise, that’s how you get people’s attention. If we can provide a better level of service than AWS at fraction, at a fraction or pennies on the dollar of cost, that gives us an unbelievable use case. And make no mistake, the issue that we’re going to run into very quickly, and it’s already starting to happen, is the fact we’re going to have a rush for compute resources like you’ve never seen before. If you think the gold rush was big or the.com was big, wait till they get a load of what’s going to happen with DPIn, understanding that it’s absolutely physically impossible to build enough data centers to house what we’re going to need for AI, for edge compute, for rendering, for deep learning, it’s absolutely physically impossible.
Decentralized Infrastructure
So that works wonderful for us, because that’s exactly what we’re able to do, is provide those compute resources in a decentralized manner and make the individuals owning the network the key to it all. So there’s no, Google’s old mantra used to be don’t be evil. Flux is don’t be evil. Again, they were taking shots at companies that were taking advantage of their user base. And I say this all the time, if you don’t know what the product is and you’re using it, you’re the product. There’s a reason why Gmail is free. There’s a reason why Google search is free. All the pieces that the evil empires use is free because you are the byproduct of what they’re using.
Empowerment of Users
So what our focus is to bring that back into the hands of the everyday people. So my value add is the fact that we are forward thinking and understanding. The paradigm is about to shift on all compute technology and we’re ahead of the curve because we see where that shift is going to go. We understand what the exponential growth is going to look like and how we have to build models out specifically for that. Amazon, Microsoft, they have a first movers dilemma. How do they get into this? Can they start a decentralized network? Doubtful, because their price model has, you know, right now AWS is about 55% of the income for Amazon.
The Current State of Technology
AWS was a byproduct of services that they created. So the real gold rush is on now. And I think flux is the one that is going to be selling the pickaxes, the shovels, the jeans, they’re going to be the ones helping these projects go out and build bigger, better, faster, stronger infrastructure. All right. All right. That’s a, well that’s a wonderful answer. Let’s digest this a little. You said, well, first let’s go to the comparison, right? You got database senders one point and you got like decentralized notes on the other as well. I think one of the biggest challenges is, all right, how do you ensure that being decentralized obviously comes with challenges, right?
Challenges in Decentralization
And obviously right, I’m telling you, the butcher’s gotta eat. If it wasn’t for the fact that the challenges of building disruptive technology, I wouldn’t have a job. But it’s a lot of fun to fix those challenges. I mean, let’s be honest, centralized servers have their own set of challenges as well. But I think one of the biggest challenges, and please correct me if I’m wrong, is to make sure that you are as stable and reliant as decentralized services, because well, now all of a sudden you have a decentralized model whereby obviously someone there could be a power outreach and all of a sudden the node goes down.
Stability and Reliability of the Service
So for example, and obviously we can hard swap it and all that. But how do you ensure that it is as reliable for specifically we’re talking about, for example, AI services, which obviously rely on the fact that they need really stabilized compute power. So how do you ensure that as stable as centralized services? Excellent question. Excellent question. I wish I would get this more often in a lot of my spaces, because this is unbelievably important, because if the product doesn’t work and people show up to use it, they will not come back.
Building a Stable Product
People are fickle. If the product isn’t well developed, if it isn’t fleshed out, if it isn’t affordable, they’re not going to utilize it. And for us to get to mainstream adoption, we have to build a persistent, stable, scalable, decentralized infrastructure. That’s exactly what flux has done. So we looked at it in many different ways. We looked at it, how do we, from the very onset of this project, be able to scale, effectively, be able to build the products the way that we want to build them and also make them safe and secure?
Flux Operating System
So we relied most, we relied on creating flux operating system, which is a true operating system, and as a matter of fact, in November becomes a hardened operating system because we have to have security of storage, data in motion and data at rest. So these are all things that we have to take into consideration. So, yes, flux was grateful because we got to build on the bitcoin technology. So we are a fork of bitcoin. So, you know, we’ve been up for seven and a half, eight years and, you know, because people say, what’s your, you know, what’s your downtime? And I’m like, we’re going on seven years and we’ve never been down.
The Importance of Trust
So I think that’s pretty damn good. Now, you know, keep in mind, if, you know, somebody deploys something and it breaks on them and they’ve, you know, whatever their code is, that’s the issue. But the network itself has never blipped in the eight years that it’s been in existence. And that’s important because people need to feel comfortable with starting to load balance between web two and web three. So your question about creating this persistent storage and access model that people trust is absolutely imperative. And that’s what we set out. That was priority number one, safety and security privacy right there at the top.
Continuity and Security of Services
And that’s exactly what we’ve put in every facet of what we’ve built out. So, good point. I would say, don’t take my word for it. Do your own research. Deploy something on flux, even. We have a lot of apps that you can just go in and select the apps, run your own gate, launch your own game server, whatever you want to do. We have an open source office suite that’s on flux is now you can use as well, completely free. Turn your own node up, and now you have your own server.
Comfort in Transition
So these are the things that we have to have in place before we go mainstream, because we need to make those people feel so comfortable with that infrastructure and so secure with that infrastructure that it’s an afterthought. So when people start to make that migration from web two to web 2.5, they start to understand the fundamental underpinnings and the value of why flux becomes so important. And I think we’re seeing right now some of those reasons. You know, the political climate is ugly right now. Deplatforming is a real thing, and it’s something that we have to really look at.
The Importance of Decentralization
If you deploy it on flux, it’s there for in perpetuity. And, you know, that’s the finalization. And, you know, I think that’s a really big important thing. Hillary Clinton came out yesterday and said that we need to be able to censor social media in other works because we’re scared of misinformation. And people would have to be blocked to be able to do that, and they would lose total control. And I say, hillary, that’s exactly what we built this shit for.
Censorship and Free Speech
We built it because we don’t want the mouthpieces of the government to be able to censor our products. So security and privacy is like top priorities. Yeah, it’s a bit of a, I love the fact that, yeah, all of a sudden, when social media turns a bit against the government, it all has to be banned. That is interesting. That is very interesting. It’s sad and it’s going to get much worse. We’re at a very pivotal time right now where you’re going to start seeing, I don’t know what’s going to happen in this election cycle.
The Future Outlook
It’s a bit interesting, but there’s going to be a time where we’re going to have to make decisions and we’re going to need a platform that’s going to let us have that free voice. Mm. Yeah. I mean, I think another, well, I will come back to it, but I think another parallel which we are seeing is with AI, whereby AI is quite, it’s like, it’s a bit of, maybe a bit of a weird metaphor, but I like to kind of compare AI with social media and the reason why. Right. Because in the beginning, people were like, oh, social media, that’s awesome.
Maintaining Connections
All of a sudden I can keep in contact with my old friends from university, which I have not seen for whatever, how many years. No one thought about the fact back then, for obvious reason, about what sort of data would have been gathered and how that will be used. And we see something fairly similar with AI. AI is all great now. And I’m talking specifically about large language models for the audience. That’s your chat GBT. That’s everything which is based on just language, I would say most of us, and this is going to be a bit of an assumption, I would say most of the, in the current listeners, most likely you have used at least once, and no one knows what’s, how the data is being used. It’s just a black box. You have no idea. You know, it’s gonna be used in some sort. But what context and in how is your personal data going to be used? Answer for. Answer for it.
Data Center Limitations
And before we go there, I would like to add, actually, one more thing I would like to talk about, because I think this is very important. You said earlier, you said, well, building as many data centers to actually feed that AI is physically impossible. Could you explain why? I mean, honestly, there’s a lot of things that go into. Hold on, I want to expand on something you said about this. Sure, go on. Sure, sure. I think this is super important. It’s about input and output controls. They want to control your input models on your social media, so therefore they can control the output models. So what goes in will be what they want to go in, and what comes out is what they’ve curated to come out of it. AI is the resistance of that, because you see the, Microsoft’s, the chat GPTs with the Openais and so on and so forth, they realize if they control the input models, they’ll control the output models. Therefore they’ll, you’ll hear what they want you to hear.
Social Media Evolution
And, you know, I think with social media, much like you saw Elon by X and or Twitter and then turned it into X, and that was unbelievably important. And I don’t think anybody would argue why it was important. I mean, you could hear people, you know, complain about it and the content that it generates, but it’s, but it is a town square, just like you said it would. Flux is just as important because like with Flux AI, completely open source model, completely open source algorithm, input models are created by the community and the people using the platform. We’re not scraping your data when you’re using an AI client. We save nothing, none of your chats or anything like that. So I think AI is just the next evolution of social media, because eventually AI will start to take on those same components that we came to rely on with social media as well.
Challenges of Building Data Centers
And it’ll also be attacked the exact same way social media has been attacked. So with that being said, what was your next question? No worries. That’s awesome. I love these sort of conversations. Just because it gives away more input than generally the structured interviews whereby you get the same questions over and over again. Absolutely. So my next question was, well, you said something. Well, you said like, well, one thing which is physically not possible is just building database centers for large language models, but in generally AI. And I was wondering, why is that? Well, there are anybody that’s mined before cryptocurrency or set up a data center understands the work that goes into it. It’s not as simple as building and shoving a bunch of compute in there.
Supply Chain Complexities
It actually comes down to supply chain management, power sourcing, property sourcing. You have a lot of folks that don’t want data centers in their communities. You’ve got a lot of power companies that don’t want data centers. And actually that’s why you’ve seen bitcoin and other proof of work projects, especially flux with our green initiative, start to move toward befriending these power suppliers and so on and so forth, so that we can get the best value for the platform. Also, renewables is a big deal. So there’s a massive cost and a massive lead time to building these data centers. But the bigger kicker out of all of them is there’s a huge discrepancy between the have and have nots with the actual GPU’s and compute resources to process AI and other platforms. There’s a reason why you try to buy a Blackwell.
The Access Divide
I think the Blackwells are in the hundreds of thousands of dollars. I mean, the normal people can’t afford that. I mean, even, you know, an H 100 or something of that nature, still super expensive. So who gets that? The big players. You know, Elon bought 10,000 graphics cards to put into his data center. Guess what? We can’t do that. We can’t even have access to those cards. So what Flux does is basically takes all those horrible challenges with distributed, with distributing data centers, and fixes that by decentralizing them. Power no longer becomes an issue. Compute no longer becomes an issue because anybody can use their gpu and we can shard that data across the board.
Addressing Environmental Concerns
It takes idle compute resources that have been sitting there and puts them to work. Therefore, another green initiative. Don’t run it for the sake of running it. Run it and make it do something. So there is no doubt the technology space that we’re in today and the way that we’ve used data centers in the past is a dinosaur. It will go the way of the dodo bird. Do I see it happening overnight? No, but in the next ten years, you’re going to definitely see it happening. And I would even venture to say that the products like AWS and Microsoft Dessert will start to sunset themselves as they start to realize the value of decentralization.
The Future of Data Centers
So the answer to your question is there’s many complexities. Money, time, resource, property, land, power. All these pieces come into making these data centers, and you’re only going to stand up about 65 to 100 new data centers every year. Well, we need to ten x or maybe even 20 x or 100 x that. So the only way to do that is to get it out of the hands of the few and put it into the hands of the many. Yeah. The reason why I ask is because it’s very. It’s actually very. It just came out that the Washington Post made a. I think they made a article about it like two weeks ago, and I gave some rough estimates on water usage and also the power usage.
Water Usage and Environmental Impact
And 100 word email that is generated by JetGbT currently depends a bit on what data center is being used, but it can use up to 1.5 liters of fresh water. That’s just one prompt. And they also made some estimates that around roughly a quarter of the Americans have used their GPT, whereby they made some estimates whereby apparently if one out of ten Americans would use it on a weekly basis, you would look at around 435 million liters of water. It’s insane. Yes. And then we have to also account for the fact that fresh water is being more. It’s getting harder. It’s actually getting harder to acquire.
Scarcity of Resources
So I’m not specifically in some certain areas, I think Texas is one of them. I’m not a us. I’m not. I don’t live in the US. But I think it’s a big problem with them that there’s time periods whereby they have like a big shortage of water. So water is a bit of. It’s very. Yeah, it’s a sort of commodity nowadays, right? It’s actually something you would like to get your hold, would you like to get your hands off on and also hold it, which is hard because obviously it’s water, it’s evaporating all the time. And then you keep in mind that 400 liters is a lot. And they did similar calculations with electricity, if you guys are interested in that.
Electricity Consumption Impact
Not necessarily to show our reports, but we made a report on that whereby we showed some data on how big of an issue it is. And there’s actually some countries, like my own home country, the Netherlands, where were actually contemplating on having a database. And for the exact reasons which Daniel said the database is not going to come just because it has such a big impact on the electrical. They want so much electricity that our electricity net is not going to sustain that, which is bunkers. It’s insane considering if you think about it, there’s a lot of money involved, there’s a lot of financial incentives to build a data center, but apparently there’s such an environmental impact, it’s not going to come, which is.
Profitability Challenges in AI
Yeah, I completely agree with the fact also on what you said. Well, compute, we made some graphics on it and I think compute, the demand doubles in the last, I think it was five years and then it doubled again. But that’s only in three months. And that’s mainly due to compute from LLMs because, yeah, there’s such a big opportunity. There’s definitely going to be some challenges there. I think one of the biggest challenges with LLM currently has is profitability. OpenAI, for example, they are not profitable. That being said, Tesla was not profitable for the first, I think, ten years, twelve years either.
Innovation and Industry Adaptation
And they now they are slowly but surely profitable. So yeah, that’s, I think, a part of innovation. So yeah, one thing I was actually wondering about is I saw this lately, whereby I would like to get a bit of an emphasis on that is I saw you guys open and like you started like a sort of an initiative with Akashi network to basically verify the deepen space a bit more. Could you elaborate a bit more? More what that partnership is about. Yeah, that’s me being ridiculously proactive rather than reactive, because I hate being in situations, especially with the blockchain space where we wait for regular regulation to come find us.
Proactive Regulatory Approach
So our goal is to do the exact opposite, and that is take it to the house. And when I say take it to the house, take it to DC and get them to understand exactly what DPIN is and the value of creating regulatory sandboxes around the development take bitcoin and cryptocurrency out of the equation. You often hear a lot of these naysayers say, well, the blockchain technology is fascinating. It could be a big deal, but crypto is bad. So inherently we have to change that mindset away from crypto is bad to the blockchain is what exactly powers these infrastructures.
Economic Benefits of Blockchain
And it’s going to be a huge value add to us economically being able to develop things. I mean, the government could benefit from flux without a doubt. So getting in front of the people that make those decisions, and that means, you know, I don’t care what your political affiliation is.
Historical Context of Blockchain Adoption
Historically, Republicans in the states have been very embracing a blockchain, bitcoin, cryptocurrencies, whereas Democrats have not. So what did I do? I’m going to talk to the Democrats and I’m going to spend time sitting with them and explaining why I DPIN and web three and decentralization is absolutely a imperative piece to the United States and really globally development. We cannot afford to do what we’ve done with crypto and with bitcoin, with DPIn, because it will absolutely mean a mass exodus out of the states for these developing pieces. My company is in the UK. Influx resides in the UK. Why? Because the US sucks. They suck. And we have to get in front of them and explain to them why we need to have a regulatory sandbox, why we have to be able to develop these things and not feel like we’re going to be persecuted by Gary Gensler and his enforcement team.
Taking Initiative in Regulation
So my thought process is I could sit here and I could wait for them to give me a ring and say, we want to understand how we can regulate this, or I take the fight to them immediately. And Greg Azori has the same philosophy that I do for us to get this to the next level of adoption, for people to really, truly use the next version of the Internet, we need to start at DC and work our way out, not the other way around. We already have adoption from the cypherpunks of the world and the crypto folks of the world. Now we have to get education into DC. So big task. And that’s why I reached out to Greg and said, hey, let’s, you know, if you go it alone, you know, you can move fast, but if we go together, we’re going to go far. So let’s get together and let’s make this happen.
Collaboration and Community in Crypto
And, you know, flux is one of the projects where everybody, you know, is always, it’s like a pissing contest. They want to talk about their bags and why their bags are better than else. We don’t care. All of your products are our products. If you’re. If you’re into nfts, we got you. If you’re into web three, we got you. If you’re into mining, you know, proof of stake projects, we gotcha. You know, we don’t have competition. We have opportunities. So we need to be able to enlist those people, those decision makers very early on to make sure that they understand and are educated to what it is so that we can have a better progress, so we don’t hit these massive hurdles that we’ve had with cryptocurrency and now AI, and pretty soon they’re going to figure out exactly what deep end does and they’re going to shit their pants.
Addressing Tribalism in Cryptocurrency
So we would rather be out there at the beginning and helping them learn and grow. Yeah. I mean, to be fair, tribalism is a big thing in crypto whereby people always say, well, my coin is better than yours. And sometimes it’s funny and sometimes it’s a bit annoying to be really fair with you. I think it is. More often than not, it’s annoying. Yeah, it is true. But some. Sometimes it’s funny due to the fact. It’s just ridiculous in a sense of sometimes people come in our comments and they’re like. And we are talking about Deepin and it’s like, yeah, but XRV does it better. And I’m like, sure, but that’s a wildly different coin. They do not even exist in the same category.
Community Contributions and Engagement
I’m not sure why you tell me this. And the thing is, it’s unfortunate because specifically for us, if people constantly show a coin to us, it actually doesn’t work because it will be like, yeah, this is going to be probably a shit coin. We’re not going to look into it. Whereby people make, for example, with flux. For example, I can remember, I think it was like one year ago, people said, hey, maybe you should look at this. And I’m sure we will do it. And how it works generally, we put projects in a queue and all of a sudden, well, you where you were first in the queue, like, oh, this is interesting. Let’s make content. That’s, I think, the best way to get our attention.
Approaching Feedback and Updates
Just tell us once, maybe twice, but it doesn’t really make a lot of sense. You do it on every post. That being said, I know you have a bit of a hard stop in a few minutes. I saw one question one of our announcements. And I think the question was around. I think someone was like, well, I’m in the UK. I would love to spread the word I word about flux, but how can I help? And also for the audience, if people hear, they are like, wow, this is awesome. I love flux. This is a great idea, but how can I help? How can the community make a. Yeah, make a fist? How can it help flux?
Engaging with the Community
Absolutely. And we have a great ambassadors group. The actual gentleman that you’re talking about, I snagged him, pulled in our marketing person, and he’s already in touch with them. And that’s how we keep our finger on the pulse of what’s going on. So the easiest way to get ahold of me and the project to give success suggestions like that is hit us on X and hit us on our Discord. You know, check us out. Runoff, lux IO, dig into the product. We have a major event coming up. It’s our state of the union. And if you want to learn everything that flux has done and will do, the state of the union is a perfect place to learn that.
State of the Union as an Educational Tool
So we get a lot of people that are newbies coming into the space are like, you know, what about flux when we point them to our state of the unions? Because it gives you basically a 10,000 foot view on every product we offer. And it allows people, when they leave those state of the unions, to feel confident that we’re delivering what we say we’re going to deliver. We’re doing what we’re saying we’re going to do, and we’re honest to our community and keep them engaged in the process. So check us out on Discord, check us out on X. We spend quite a bit of time over there because it just seems to be the spot where, you know, everybody likes to.
Future Discussions and Product Development
Yeah, but we have Instagram and all that other crap, too, so come check us out. And I would love to come back with you again and do, like, a longer space and get into some of the more of the products of what we’re doing and why they’re important, especially with flux AI. Yes, we’re releasing flux one this week. And what is Flux one? Well, flux AI. And that is our image generator. That’s inside of flux AI. So, you know, if you haven’t checked out or have heard about it to get to, that is, it’s fluxai app.
Flux AI: Image Generator Insights
Flux AI app. Go check it out. Play around with it. Like, I’m not saying this because it’s our product. I was absolutely blown away by the quality of these generations, like, not even remotely close to what I’ve seen in other places. So take your time, check it out, let us know what you think of it, because we love to get that feedback. Yeah, I’m, look, I’m looking forward to use it. Yeah, I’m very much, I would love to have spoken more about the products, but just because of the time, it was a bit hard.
Continuing Conversations on Flux AI
But let’s do another Twitter space fairly soon whereby we might talk about whenever, maybe in a couple of months, like, I don’t know, maybe one or two months from now, hopefully still in 2024, we can definitely going to talk about Flux AI and maybe how it actually evolved because, well, obviously you guys are building it up. There’s a lot of questions from my side specifically on AI, but due to the time, it’s not possible now. I’m willing to come back another time.
Planning Future Discussions
Awesome. I mean, like, soon. There’s no sense for us to wait about it because I’d love to share some things with you and go over the products in depth, but make no mistake, when, you know, when you have that space, you better at least block off like a good hour and a half because it’s going to take a while to get through everything we’re doing. But I would be more than happy to come back and do it an in depth on our product lines.
Election Participation and Civic Engagement
Absolutely. I’m looking forward to that. And before we go, I would love to give you the last note. So if there’s any emphasis you would like to give on something or maybe something I have missed talking about, well, this is your chance because I know the state is yours. Yeah. And I’m speaking to everybody in the states right now, and I love everybody around the world, but specifically in the states, we have an election coming up and we have a huge choice to make. We have a couple candidates.
Voting and Making Voices Heard
One, one is really, I mean, Trump’s into crypto and, you know, he’s got his own line of NFTs and everything else. And we’ve got Camilla witches, still kind of mushy. Historically, people don’t vote for the things that matter to them. So what I recommend is going out there and voting register to vote. Pennsylvania, I think, is three more days. Some of the other ones end today as well. Take the time, get registered and vote. Because ultimately, if we don’t make our voices heard, it will be for not.
Call to Action for Voter Engagement
We will spend more time fighting them, fighting us. Then it would take for us to get off our asses and go out and punch a card so please do that. And I thank you very much for the time on the space today man. And like I said, I love your content. Keep it up. You’re one of the good ones out there and I really appreciate you. Thank you so much. I’m not in the US myself but that being said you should vote whether you are a Republican or Democrat doesn’t matter.
Encouraging Civic Responsibility
Just vote because it’s your right to vote honestly. So please do it. And yeah I would love to have you on another x space fairly soon. Let’s have let’s have the conversation open. And that being said, I thank the audience for being with us, sticking with us for approximately 45 minutes and I hope I will see all of you tomorrow where we have another deep in project and that’s going to be streamer and on Thursday we will have mantle network so hopefully I will see all of you then and have a great week everyone.
