Podcasts about goeff

On TODAY's Podcast... We create the next Disney Princess? What is the best Non-Mario N64 game?? Which 3 Athletes would be best to save the world from an Alien invasion? Find out, on Bar Banter! Hosts: Ben Trimmer, Drew Mullis, Rick Mattison, Travis Jennings Producer: Travis Jennings Editor: Travis Jennings Songs: The Floor Is Lava · Avocado Junkie,30 Seconds Of Funk - Slap Bass · PremiumProductionTracks Link Tree: https://linktr.ee/the_barbanterpodcast Twitter: https://twitter.com/the_barbanter Instagram: the_barbanter YouTube: https://www.youtube.com/channel/UCPoVzNf3gTXU2mYvseo7PDA/ #barbanter #drinkinggames #podcast #satire #beer #alcohol #spirits #bar #banter #argue #debate #funny #comedy #indy #drinking #popculture #social #cheers #lastcall #wouldyourather Show Notes! 0:00 Podcast Start :27 Episode Topics 1:21 Guest Intro - Geoff Jones and Friends Make It better 3:31 Its all a ruze 3:50 Best Man at our next wedding 4:08 Rick takes Travis' Segues 4:46 travis reveils why he does the podcast 5:01 Topic 1 - Create a new Disney Princess (or Prince) 5:50 Rick is a little slow tonight 9:03 Count the references! 12:05 Fairy God Mother Mona Lisa 12:41 Ben I don't think you know what Disney is 18:44 At some point Travis is going to start getting pissy 20:29 Topic 2: Best Non Mario N64 Game 23:25 Rick's Honorable Mentions 25:28 Goeff might be a little older than us 34:34 Drew "Keeps it short" 40:53 Golden eye is second pick 42:50 Decision 43:45 Rockit guitar repair ad 44:30 Topic 3: Which 3 Athletes would be best to stop an alien invasion? 45:11 I would like to go First 57:29 Travis makes a call back to a previous argument 58:25 It's going to be a chess player 1:00:57 Athlete Recap 1:06:48 Geoff Get your shit toegther 1:07:34 Final List --- Support this podcast: https://podcasters.spotify.com/pod/show/barbanter/support

To look at Geoff Palmer today, there is no obvious trace of a troubled background. Yet, at one point, Geoff lived in a private prison of a dark depression with no apparent way out. Just three days before his 18th birthday, Geoff Palmer's father, whom he had a very close relationship with, passed on. This was the start of descending into an emotional bottom. Soon after, Geoff's mother and brother passed away taking him deeper into what he describes as a dark hole.   Finding solace in drugs and alcohol, Goeff thought of taking his life almost daily. He felt as if he was merely existing with no clear purpose or direction. A chance meeting with a man who became a mentor to Geoff, turned his life around. As if a light switch were turned on, Geoff's addictions disappeared, and his zest for life transformed from the dark hole of depression to one where he gained clarity on his life's purpose. His transformation included going from a meat eater to one of having no desire to consume animals in any form.  “I realized I could never hurt animals again and became 100% plant-based instantly,” Geoff states. “I also saw a connection to depression and putting dead energy into my body.” Embracing a new way of life, Geoff knew his existence was about service. During this episode of the Health Science Podcast, Dr. Sabatino unpacks Geoff's journey from feeling lost and alone to being one of the most recognized influencers in the plant-based world, especially for those who have a passion for bodybuilding and fitness. Together, Dr. Sabatino and Geoff Palmer explore meditation, to supplement or not, the spiritual side of eating a plant-based lifestyle and how to get past the dogma of beliefs that keep people sick.  As the founder of a 100% plant-based company, Geoff pulls back the covers on what his life was like before becoming a voice for the plant-exclusive lifestyle and after.  

Today's conversation is with Geoff Bower, Chief Engineer at Archer Aviation, a developer of electric vertical take off and landing – or eVTOL – aircraft.Geoff is one of the most renowned engineers in the eVTOL arena, and we sat down for an in-depth discussion on developing and commercializing eVTOL aircraft.  We start the conversation with a high level description of a day in the life of a chief engineer of a pioneering aircraft company, which sets the stage for a discussion about the assumptions and design tradeoffs that Goeff and his team faced when figuring out the requirements for an aircraft and mission for which there is really no historical precedent to rely on. One of our favorite parts of the conversation is when Geoff talks about the design and development tools, including multidisciplinary optimization and simulation tools developed internally at Archer, that were used to arrive at what Geoff calls productivity requirements of payload, range, and speed, as well as other requirements related to the infrastructure footprint, turnaround time, manufacturability, maintainability and many others. You will also hear from Geoff about the reasons for going with a battery electric and piloted configuration, as opposed to an autonomous aircraft with a hybrid or hydrogen propulsion system, about the economics of eVTOLs, and a deep dive into the certification process, system safety process, as well as differences between the FAA and EASA when it comes to probabilities for catastrophic failure conditions.  Enjoy the conversation with Geoff Bower!

Raising finance for new real estate projects is difficult. Property development firms face interest rates as high as 29% when working with banking institutions as single source loan providers. They also face challenges with multiple loan sources as crowd financing can be difficult to administer. Blockchain simplifies access to alternative financing models by facilitating investor management for developers and ensuring investment transparency and continuous ROI tracking for investors. In today's episode Goeffrey Thompson, Chief Blockchain Officer of Roofstock, and Sanjay Raghavan, Head of Structured Securities and Co-head of Digital Securities Initiative, walk us through what blockchain technology is and how they are tokenizing properties in a revolutionary way to buy and sell property.   Episode Links: https://onchain.roofstock.com/ https://twitter.com/rsonchain --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: What's going on everyone? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by Geoffrey Thompson, who's the chief blockchain Officer here at Roofstock and Sanjay Raghavan, who's the head of web three initiatives here at Roofstock and we're gonna be talking today about what blockchain is, and how it applies to us as real estate investors. So let's get into it.   Goeff, and Sanjay, thank you so much for hanging out with me today. I am super excited to chat with you both.   Sanjay: Likewise.   Goeff: Thank you for having us, thank you.   Michael: No, absolutely, absolutely. So I know a little bit, obviously, who you guys are because we work together. But for anyone who isn't familiar with you. Give us a quick and dirty description who you are, and what is it that you're doing at Roofstock? Goeff, I'll kick it over to you first.   Goeff: Sure. So I'm Goeffrey Thompson. I currently have the title of Chief blockchain Officer at Roofstock. Previously, I was General Counsel and I've been a lawyer for by training for a long time and now heading up the blockchain initiative at rootstock together with Sanjay.   Michael: Awesome, great.   Sanjay: I'm Sanjay, head of web three initiatives. Previously, I was leading securities initiatives at roof stock coming up on actually three years this week. So super exciting tomorrow, I think.   Michael: Right on, so really quick follow up questions for you both. Jeff. Were you just like a crypto guy in your everyday life? I mean, how does a real out as a lawyer turn into a blockchain official at a company at the C suite level? I mean, that's incredible.   Goeff: Yeah, I kind of backed into it. That wasn't a plan but I had been advising friends. Since 2017, during the ICO boom, the initial coin offering boom, and I started hearing people in my network, talk about it and say things like, oh, well, it's not a security because it's a coin. So you don't have to follow the securities laws, you know, and I thought, I don't get a lot of the technical stuff that talking about, but I know I can help them with the legal stuff. So then I just I was acting as legal advisor for a couple of years and, and then Gary, our CEO knew that and last year, maybe 12 months ago or a little bit more, our board came to our CEO and said, you guys, Roofstock, you need to get smart on blockchain. We're not saying you have to do it. But you know, we want you to have an idea of whether there's something there and so he asked me and Sanjay, because he knew I had some crypto background and there's a lot of legal and obviously, the financial structure is critical as well, so we kind of got into it together.   Michael: Awesome and Sanjay, at the risk of sounding like a total rookie, what the hell is web three man, I hear so much about it. Break it down for us.   Sanjay: All right. So I know it's so web low. So let's take a step back, right. So web one, which was kind of the first incarnation of the internet, right? There were sites that had static information, you could like type a URL, URL and go and, like, consume that information. But that's all you could do is just a read only type of a platform and then a few years later, the internet evolved to kind of web two, which widely is known as the read write version of the internet. So not only could you consume information, but you could go and, you know, provide information and content to the internet as well as a consumer and what happened with web two was it you know, that ability to read and write created all kinds of new interactions, and that allowed a lot of kind of the internet economy to bloom around it, where the Googles and the apples and eBays and other large companies were able to curate a lot of the content and manage a lot of the traffic. But you know, with social media and stuff, you are providing content as well, and you are consuming content, there was ecommerce, so a lot of these things came about, but the power resided with a very few large corporations that kind of controlled all of these transactions and the when, when web one started, the kind of original vision behind it was a more collaborative environment, where the consumers and the creators and consumers could actually work with each other and use a token economy and share you know, revenue and monetization. So that idea of you know, read, write and then adding on to it at the end. So it's a read write own type of economy that's decentralized. permissionless trustless has its own native payment rails, where the content creators and con Then consumers are all working together and you know, there's no power resting with large corporations, but it's, you know, giving power back to the people. So that's how that's how I would sort of succinctly describe, three and it's so it's a sort of a new way of thinking about things and it's super exciting.   Michael: Yeah it does sound super exciting and so give us all like a background again, treat me like a third grader, because that's probably my IQ level when it comes to the crypto and blockchain world. Give us all an idea of like, what is blockchain and what is cryptocurrency and then we'll get in maybe on how to be thinking about it. With regard to the real estate space and why it even belongs here you don't think this…   Goeff: Yep, sure, so the core concept for blockchain is that it's a network that can be validated the data that's recorded onto the network, which is the chain can be validated by an a limitless number of third parties who aren't organized or connected in any other way. So these are called validators I could have when you could have when they just computers that read the information that's coming in from the blockchain, they perform some mathematical calculations, and then they verify that the data that's been submitted is, is what it says it is and then at that point, it's formalized and recorded to the block and then, so these blocks are really just pieces of data, data that had been put together and then as you form one block after another, that becomes the chain. So it's really just a chain of data that's been validated by third parties that are completely decentralized. So why is that important because it means that there's no third party, a corporation or government, whoever it might be, that can intervene in the functioning of the blockchain, once it's up and running, and you have enough people who are validating and writing to the to the system, it goes infinitely, and it can't be shut down and so the first use case that really grabbed a lot of attention was payments, right? That's what Sanjay was alluding to, in the early you know, the current web two universe, you don't have an easy way to send value to another person without going through a bank or a financial services company, Blockchain, Bitcoin allows you to do that, it's just simply on the on the chain, if you have value in the in the form of Bitcoin, you can send it to any other address anywhere in the world, instantaneously and no one can stop you from doing that. So this really arose from kind of an idealistic perception, like, we have to be able to have to guarantee our own freedom, you know, the government can't intervene and prevent me from sending money to you and that's where, you know, it came from, like the sophisticated cryptographers mathematicians who had an idealistic view, and that's where Bitcoin came from and then since then, it's expanded to a lot more utility, where you can do much, many more things other than just send payments. You can, you know, NFT, you can have lending platforms, you can have social media companies that are effectively on a blockchain and can't be shut down or controlled by third party. So that's, you know, that's the overview of kind of where it came from and why it's important today. Sanjay, anything to add?   Sanjay: Yeah, no, taking a step from there right and that's exactly right, Geoffrey, the original idea was, you know, this all came about during the great financial crisis of 2008 2000, you know, 10 or so, where people thought that these, you know, financial intermediaries are, you know, in control of our lives and so Bitcoin kind of, you know, that was the reason why it came about as a peer to peer system where you can exchange value without involving these intermediaries. But then over the years, we've kind of seen that world expand rapidly and there's other cryptocurrencies now and one of the notable ones is Ethereum and on the Ethereum network, there's actually the ability to create what's known as a smart contract and a smart contract is essentially a piece of computer code that will execute based on a certain event occurring and why that is important is if you think about it from a disintermediation perspective, you know, in a transaction where two parties are involved, and party A needs to provide a good or service and party B needs to make a payment for that. You need a way to make sure that both parties are adhering to their portion of the agreement, or contract, right and so oftentimes, what happens in the financial services world is, in order to make sure that both parties are compliant with their aspects of the contract. You create an intermediary in the middle that takes that position of collecting information or payment from both parties and sending it across and a very common example of this in real estate. Michael, you as a, an owner of, you know, dozens of properties, you've gone through this process many, many times. But you there's an escrow agent involved exactly what I was thinking sure that, you know, right, the property title moves over to, you know, the buyer and the money goes to the seller, right. But imagine you had a piece of computer software that executed on a sale, and it made sure that the two parties were both appropriately receiving what they were expected to receive and there was no intermediary involved in this process. So this, this all executed, basically on the click of a button, right? Like that would be game changing in the real estate world and that's what we're trying to do now with through stock on chain.   Michael: Holy crap. For anybody who's not watching this video, I just didn't pick up my jaw up off the floor, because that was totally a game. So I have so many questions, I want to take just a step back and so Goeff, you were talking about this, these validations that can be done by any number of people. So I'm thinking about like a real world example. So if I go to the store, and I buy something with my credit card, I put down my credit card, they give me the goods and then in this case, would the validator be like the credit card company that says, look, this is the charge that like how do I think about that from like a traditional example.   Goeff: That's exactly right, the validator or usually there are multiple, but they'll they play the function of the credit card company. But instead of sending your data and the transaction data to the credit card company, where the credit, you know, the data goes to the credit card company, the credit card company says okay, this person has credit and the transaction is now going to be posted on their account, and then they send the okay back to the merchant. Instead, the merchant would send the data to a blockchain, the blockchain validators would pick up that transaction, they would validate that, you know, all of the details are the same. Usually, it's a small number of validators that have to agree on the transaction details to make sure that there aren't, you know, nothing's been missed and then once they've reached that consensus, whether that's five or 10, validators, or whatever it may be at that point, then it goes back to the merchant and as it says, The Merton now the blockchain has been updated to show that this transaction occurred, Goeff, or you or whoever was spending the money now no longer has that money. So I had that money in Bitcoin. I gave it to the merchant, the merchant side of the blockchain and said, hey, guys, can you verify that you're debiting Goeff's account and you're adding it to my account? Everyone said, okay, verified, validated, coming back. Now, I can't spend that money, I don't have it anymore and it's in your account. So that's, you know, a high level how that would work.   Michael: Okay   Sanjay: And a couple of more things there, right. Like, if you, you know, credit card transactions for small dollar values is one example. But if you look at larger dollar values, and there's ACH transactions that take three or four days to get validated through the banking system, a wire transaction, if you're trying to buy a house, and you need to make a wire payment, you're rushing to the nearest retail brand, scheduling an appointment to go into the wire, right?   Michael: It's such a pain.     Sanjay: It is all such a pain and like, imagine you had a way 24/7, right, like, you're looking at, you're browsing a site today, you find a property you really like, you want to buy that property, it's Sunday night at 10pm. You just click the button, and you know, your wallet says you have enough money and the smart contract validates that you have the money transfer property over to you, right, like imagine a world that's like that, where you don't have to worry about waiting three or four days for an ACH or running to your bank and getting an appointment waiting in line to get a wire done and it's all literally you're doing all this from your computer, click of a button 24/7 AMS and payments do anywhere in the world.   Goeff: And the cost is in most cases, negligible. You know, the wire fee is whatever 35 $50 It takes a day, you know, some amount of time to process ACH could be clawed back. The claw back concept that exists with ACH that doesn't happen in blockchain that doesn't exist. Like once it's final, it's validated, it's done and you could, you know, a simple payment transaction might cost from a few cents to a few bucks, but it's not going to be anywhere near the cost of a wire transfer.   Sanjay: And the transaction is immutably recorded on the blockchain, nobody can contest it, because you can go and open up that transaction on the blockchain and say, these two parties agreed to this transaction and it's hot, you know, it was hashed on the blockchain and there's this unique hash that represents this transaction, right. So there's no disputing later on. The parties agree that transaction gets done, it's instantaneously recorded and so that that makes this platform as a technology choice. You have innumerable number of possibilities because once you have those types of payment rails, you can build all kinds of applications around it.   Michael: This is insane, you guys. So like, we were talking about the validators and Goeff, you were saying, whatever, four or five or 10 validation points and people are doing it. So is it literally like people on their computer going, like watching their screen for these payments going back and forth or is this happening automatically?   Goeff: No, it can happen. It happens, it's automatic. Yeah, you set up a server that has the right hardware, there are different hardware and software requirements for different blockchains. But it runs silently in the background, or in some cases, it's, it's loud, because there are a lot of fans this morning.   Michael: I heard that, yeah…   Goeff: Yeah, but it's happening 24/7 In the background, and, and in most cases, it's just set or forget, set and forget, you don't have to be online all the time, doing anything manually.   Sanjay: And one other thing I wanted to point out was, you know, obviously, with banks, you can go there on weekends, after hours bank holidays and such, but even a MasterCard or Visa, if they're having a problem with their servers or something, you can have outages where you know, for a couple of hours, you're not able to do any credit card transactions, right? Whereas on the blockchain, that doesn't happen, right because there's blocks can be like, even if my computer was one of the validators, but for whatever reason, it's not working right now there are hundreds of other computers that are doing the same thing that are waiting to pick up the next block and compute it and solve the puzzle and so, you know, as Goeff was saying earlier, once the blockchain is up and running, and there's, you know, enough infrastructure in terms of validators that support that blockchain, you know, it's then it's permanently out there, and it's you can shut it down.   Michael: So that kind of brings to my next question and so you both are talking about this decentralization aspect and I think I've heard so much about the crypto world, it's like getting away from big banks and government and that sort of thing. But if this information is, I mean, it's public at this point, right? When I, Goeff, when I send you money or buy a service from you, it's now public information.   Sanjay: Just to just to clarify on that, right, the part of the information that's public is that this wallet address transacted with this other wallet address. But it's not necessarily public that, you know, Michael transacted with Goeff, right. So what's publicly stored is just the, you know, so, you know, when we talk about privacy, oftentimes, people use the words privacy and anonymity interchangeably, but they're two different things, right? You know, in one example, where there's just two wallets transacting with each other, you both still have full anonymity but the privacy concerning the fact that the transaction occurred between two wallets, that may be public information, but that's the kind of subtle.   Michael: Got it, yeah okay. Okay, that makes total sense, because, well, I was going with the question is, if I send Jeff money for a service, I mean, that could be a taxable event on the traditional world, like, if you were a credit card company, or you were a merchant, I send you that you have sales tax to pay. So I'm imagining government's point to the me sending you money and say, well, now we're going to tax it. But Sanjay, what you're saying is that the actual dollar amount, or what it was for, might not be available to them, all they could see was, someone sent money to someone else, end of story…   Sanjay: We use you the amount of money that went from a to b, but you don't like people don't automatically know who a and who B where the US are going as far as…   Michael: Or what it's for…   Sanjay: Right, in the US people are required, basically to report their own earnings and that's, you know, whether it's on the in the crypto side or non-crypto side, but, you know, you're required to report your earnings and in other countries and jurisdictions, they've passed laws where crypto transactions are not necessarily taxable. So, like, if you bought Bitcoin for, you know, $5,000 and sold it for $20,000, you may not have capital gains taxes in other jurisdictions in the US we do and that's, you know, self-reported, for the most part,   Michael: This is so nuts. Okay, so, taking one more step forward, we're talking about these coins. We talked about Bitcoin, and we mentioned Ethereum, as well, what gives these things of value? Is it just that we have generally I mean, the same thing can be said for the dollar, it's enough people have accepted or any currency have enough people have bought into this idea that this piece of paper that has an old president's face on it is worth what we've decided it's worth, same thing for Bitcoin and Ethereum.   Goeff: Exactly the same. All right, yeah. Nothing else. There's nothing else to we, you know, we all agree today that Bitcoin is worth 20,000. If it goes up, then you know, that's literally the market price. It's set by the people in the market who are transacting on a you know, every second and so it's a very clear pricing mechanism.   Sanjay: In a way you know, it's pure demand and supply that drive pricing for the these types of alternative currencies or crypto currencies, the dollar, for example, you know, we price $1 bill to be worth $1, right and so you will always be able to redeem $1 for $1. But, you know, inflation and other characteristics might make it less valuable to you, right like if a loaf of bread was 50 cents, and now it's $1, you know, you're paying more money to get it, but you know, you're not paying more bills necessarily, you know, like, the dollar bill is always $1 Bill, right? Whereas, one, one Bitcoin or one Ethereum, its value can go up over time, almost like the stock market, right? If you're looking at a share of Microsoft, it's $100 today, but because we all think Microsoft is very valuable, or Apple is very valuable, and the next iPhone is the most sexiest thing that's come out, and therefore, you know, we think we should, you know, put more value to the Apple stock, right? So the concept is similar with Bitcoin and Ethereum. It's simply people that are there are people who are, you know, buyers, and then there's their long on Bitcoin and then there are people who are short on Bitcoin and if there are more people long than short, then the price is going to go up. If there are more people short at a particular point in time price will come down. There's fewer demand.   Michael: Cool and so we mentioned, I think you both mentioned a couple of different use cases for the blockchain and for crypto. What, like, where do you see this going and for Roofstock, specifically, maybe you could talk about what we're doing as a company with regards to blockchain and where do you see it evolving from here?   Goeff: Sure, so, the, you know, the easiest use case for the blockchain technology is for something that is entirely on chain right payment is a perfect example, right? The you know, I give you send you something of value, call it Bitcoin, you accept that, and that's all on the blockchain and that's pretty easy. What we're doing is, we think taking the next step forward for blockchain and we're not the only ones. But we think that we do have something to add here, which is to bridge blockchain to real world assets and that's where things start to get a little bit tricky because let's say that you have a home, you call it a home on chain, a tokenized, home, whatever it is, and you have a token, a blockchain representation of a home, but it's a real world home and so you know, you say, oh, I go to my blockchain wallet, my crypto wallet, and I see I have this home token. That's great but let's say it's not the home that I live in and in fact, it's a home somewhere else in the country and I haven't been there for a while. How do I even know that there's still a home there, right and if I want to sell it to you, you know, you like the idea of using a smart contract to buy and sell this home? You like the idea of having a one click transaction of having certainty that you're going to get what you know, the home token in exchange for your money. That's all great. But how do you know that you're actually buying a real home and not just something that is called a home on a blockchain, whatever that even means, right.   And so that's where we've spent all of the last nine months and the better part of the last 12 months, diving into the nitty gritty legal details to understand and practical implications to understand how we can put this together in a system that works and the answer is, you have to have some type of validation from the real world as well, obviously, you know, the scenarios that I just mentioned, we can't allow that to happen where someone purchases a home token, and finds out that the home burned down three months ago. So you know, you just got nothing and so the way that I think what Roofstock can bring to this equation is the deep, detailed knowledge about how real estate transactions work, plus the blockchain, the blockchain, structuring the legal implementation and that's the value add that we have. I think there are a lot of others in the space and we encourage everyone to get out there and try, you know, try to build, but we do see others who don't have the real estate experience and even though they have a beautiful blockchain strategy, they don't know how to connect that and that you end up with something that's not useful. So what we're doing is designing a system that ensures that before any home is transacted, it's gone through all of the usual checks and balances that are necessary for real estate transaction and inspection has been done recently. We've done you know, made sure that taxes are paid, made sure that insurance is in place, make sure that the title is you know, unencumbered. We do all of that, because you have to do all of that no one's gonna buy it, if you doubt, but we do that behind the scenes, and so went by the time that you as the buyer come to see our site and you see the home, the home tokens that are listed there, you know that you have a data room that shows all of the documents that I just mentioned and more. So your diligence is already done for you. You don't need an inspection contingency, because you have an inspection report sitting right there, you know, you don't need on the on the on the flip side, you know, you don't need an escrow agent, because the smart contract simply it won't execute, it won't perform its function unless the buyer has the funds that it says it has. So you know, this smart contract at the time that you as the buyer purchase, you click, I want to buy this home, the smart contract checks, do you have money, the right amount of funds in your wallet? You know, they check the other side. Does the seller have a home, which is already been approved by Roofstock to be sold? Yes, yes, the transaction happens, and it's not and if one of those isn't true, then it fails and you know, we have to go back to the drawing board and fix whatever was wrong.   Sanjay: Right and then to add to that, right, the kind of the first version of smart contracts and NF T's and all these things that came about on web three, you know, a lot of those assets themselves had the value in it, right. So you might have heard about projects like board a, or crypto punks, these are well known NFT projects where people are spending Saturday 98 to buy, you know, a JPEG image of you know, this popcorn ape. But in those cases, that image itself has that value embedded in it and when people get that image when they buy that they've already exchanged value, right. But the example Goeff is giving us with a real life, real world asset, the NFT is a representation of that real world asset, but it's that real world asset that has the value in it and so when people are transacting these NF t's on the marketplace, Roofstock has to make sure that you know what they're buying and selling corresponds to that real world asset that has that value and we've gone through the inspection and other diligence process to make sure that is still true, right. So that's the sort of the next leap in the web three world where you go beyond just the you know, cryptocurrencies and crypto Native Assets getting traded and now you start looking at real world applications.   Michael: Goeff, I'm thinking about is like, so if I'm trying to understand this, I'm I buy this token, which the underlying asset kind of backing the token up, if you will, is the home, right? So I then own the home as well. How does that work for like, insurance purposes? If I gotta go get insurance on his home? Am I Michael, like going out to my traditional insurance people and saying, okay, well, I own this home, or like, who's on title of the home? How does that all work, is the token on the title?   Goeff: All the right questions. So the way that we're setting this up, each home is titled in its own LLC. So we have a limited liability company where the home is titled and so that really facilitates the transfer between different parties, because you don't have to record title, every time that home token is sold. The title obviously has to be recorded the traditional way at the county recorder's office, the first time that it's transferred into the LLC and then from that moment on, it doesn't need to be retitled because the only thing that's changing hands is the LLC, the ownership of the LLC, the membership interest, it's called like the share of the LLC. So that's, that's how we unlock that. So that when I sell you my home token, I'm selling you an LLC that owns the home and you as the owner of the LLC, you have full control of the LLC, and thereby full control of the underlying home. So you can do whatever you want with the home. If you want to rent it, you can rent it, if you want it to be a long term rental, a short term rental, you get to decide all of that you get to decide when you put a new roof on or if you want to repair the roof instead of replace it. You make all those decisions. As far as the insurance question that you asked, we do have an agreement with an existing insurance company that's tech forward, and they're interested in working on this project. So we've already set that up. The first time you buy a home from us, it will come with one year of property insurance, it's prepaid. If you want to change that you can you can change it if you want to cancel it and replace it with a different insurer. You can what we found is that a lot of intermediates in the space are not necessarily comfortable and dealing with this type of transaction. So we've spent a fair amount of time diligence seen a lot of, you know, providers in the market and we think the ones that we have are very good, but it's up to you as the owner, if you want to have a specific insurer, or a specific title company, you can do that. But otherwise, it's already in place and it's really as easy as just paying your annual premiums you can, you don't have to think about it, if you don't want to.   Michael: Okay, so the follow up what popped in my mind immediately, and then we're going to get you guys out of here, but we live in California. So Roofstock obviously doesn't have a very big footprint here, because there's not a lot of cash flow potential, or it's much more difficult to make the numbers work as compared to a lot of other parts of the country. So, Sanjay, if you buy a home for a million bucks, tokenize it and now you your property taxes in California are based on your purchase price. So if five years down the road, you sell it to me for 2 million bucks. Traditionally, my new property tax value is going based on that 2 million bucks. But are you saying that because this trent this sale isn't getting recorded, as it would traditionally that my property taxes are still gonna be based on your original sale price of a million bucks.   Sanjay: In many state that's, that would be true. But in California, unfortunately, prop 13 would pick that sale up. That's it's a state by state analysis and in most of the states, you know, the transaction would be fine. You individually report any capital gain on your taxes, of course. But in California, the transfer does get picked up.   Michael: Damn it. They always get you somehow but maybe in some states, it sounds like that might not get picked up, right. There's less of an issue…   Sanjay: That's right, in many cases…Yeah.   Michael: Interesting. Okay, man, I thought I had this huge unlock but clearly you guys have already thought of, of all this. So this is this is super exciting, guys. We definitely need to continue the conversation, got a lot more questions, a lot more information. I would love to disseminate to our listeners. But thank you both so much for joining me. If people want to learn more about web three and blockchain and crypto in general, is there are there good resources out there that we can point people to?   Sanjay: Yeah, I mean, definitely come to our website to learn about real estate tokenization. That's https://onchain.roofstock.com/ and also, you know, follow us on crypto Twitter. It's at @rsonchain and then individually, like Goeff and I do contribute in Twitter and LinkedIn and other areas as well. So, you know, look us up and follow us as well, on those platforms.   Goeff: And don't feel don't hesitate to reach out. Like you know, we're happy to talk we're here. We're you know, we're doing something new. We know a lot of people have a lot of questions, and we're happy to answer the questions and then he conversation. So ping us, we're happy to chat.   Michael: Amazing, amazing. Well, thank you both again, for coming on and super looking forward to doing this again soon.   Sanjay: Thank you. Thanks for having us.   Goeff: Likewise. Thanks.   Michael: Alright, anyway, that was our episode. A huge thank you to Goeff and Sanjay for coming on. We're gonna definitely be having them back on again soon. So if you have additional questions about things you just heard, or blockchain things in general, we'd love for you to see those in the comment section. Wherever it is, you get your podcasts, and we will try to get to them on the next episode with Goeff and Sanjay. As always, if you liked the episode, feel free to leave us just traditional rating or review. We love those as well and we look forward to see you in the next one. Happy investing…

Raising finance for new real estate projects is difficult. Property development firms face interest rates as high as 29% when working with banking institutions as single-source loan providers. They also face challenges with multiple loan sources as crowd financing can be difficult to administer. Blockchain simplifies access to alternative financing models by facilitating investor management for developers and ensuring investment transparency and continuous ROI tracking for investors. In today's episode Goeffrey Thompson, Chief Blockchain Officer of Roofstock, and Sanjay Raghavan, Head of Structured Securities and Co-head of Digital Securities Initiative, walk us through what blockchain technology is and how they are tokenizing properties in a revolutionary way to buy and sell property.     Episode Link: https://onchain.roofstock.com/ https://twitter.com/rsonchain --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: What's going on everyone? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by Geoffrey Thompson, who's the chief blockchain Officer here at Roofstock and Sanjay Raghavan, who's the head of web three initiatives here at Roofstock and we're gonna be talking today about what blockchain is, and how it applies to us as real estate investors. So let's get into it.   Goeff, and Sanjay, thank you so much for hanging out with me today. I am super excited to chat with you both.   Sanjay: Likewise.   Goeff: Thank you for having us, thank you.   Michael: No, absolutely, absolutely. So I know a little bit, obviously, who you guys are because we work together. But for anyone who isn't familiar with you. Give us a quick and dirty description who you are, and what is it that you're doing at Roofstock? Goeff, I'll kick it over to you first.   Goeff: Sure. So I'm Goeffrey Thompson. I currently have the title of Chief blockchain Officer at Roofstock. Previously, I was General Counsel and I've been a lawyer for by training for a long time and now heading up the blockchain initiative at rootstock together with Sanjay.   Michael: Awesome, great.   Sanjay: I'm Sanjay, head of web three initiatives. Previously, I was leading securities initiatives at roof stock coming up on actually three years this week. So super exciting tomorrow, I think.   Michael: Right on, so really quick follow up questions for you both. Jeff. Were you just like a crypto guy in your everyday life? I mean, how does a real out as a lawyer turn into a blockchain official at a company at the C suite level? I mean, that's incredible.   Goeff: Yeah, I kind of backed into it. That wasn't a plan but I had been advising friends. Since 2017, during the ICO boom, the initial coin offering boom, and I started hearing people in my network, talk about it and say things like, oh, well, it's not a security because it's a coin. So you don't have to follow the securities laws, you know, and I thought, I don't get a lot of the technical stuff that talking about, but I know I can help them with the legal stuff. So then I just I was acting as legal advisor for a couple of years and, and then Gary, our CEO knew that and last year, maybe 12 months ago or a little bit more, our board came to our CEO and said, you guys, Roofstock, you need to get smart on blockchain. We're not saying you have to do it. But you know, we want you to have an idea of whether there's something there and so he asked me and Sanjay, because he knew I had some crypto background and there's a lot of legal and obviously, the financial structure is critical as well, so we kind of got into it together.   Michael: Awesome and Sanjay, at the risk of sounding like a total rookie, what the hell is web three man, I hear so much about it. Break it down for us.   Sanjay: All right. So I know it's so web low. So let's take a step back, right. So web one, which was kind of the first incarnation of the internet, right? There were sites that had static information, you could like type a URL, URL and go and, like, consume that information. But that's all you could do is just a read only type of a platform and then a few years later, the internet evolved to kind of web two, which widely is known as the read write version of the internet. So not only could you consume information, but you could go and, you know, provide information and content to the internet as well as a consumer and what happened with web two was it you know, that ability to read and write created all kinds of new interactions, and that allowed a lot of kind of the internet economy to bloom around it, where the Googles and the apples and eBays and other large companies were able to curate a lot of the content and manage a lot of the traffic. But you know, with social media and stuff, you are providing content as well, and you are consuming content, there was ecommerce, so a lot of these things came about, but the power resided with a very few large corporations that kind of controlled all of these transactions and the when, when web one started, the kind of original vision behind it was a more collaborative environment, where the consumers and the creators and consumers could actually work with each other and use a token economy and share you know, revenue and monetization. So that idea of you know, read, write and then adding on to it at the end. So it's a read write own type of economy that's decentralized. permissionless trustless has its own native payment rails, where the content creators and con Then consumers are all working together and you know, there's no power resting with large corporations, but it's, you know, giving power back to the people. So that's how that's how I would sort of succinctly describe, three and it's so it's a sort of a new way of thinking about things and it's super exciting.   Michael: Yeah it does sound super exciting and so give us all like a background again, treat me like a third grader, because that's probably my IQ level when it comes to the crypto and blockchain world. Give us all an idea of like, what is blockchain and what is cryptocurrency and then we'll get in maybe on how to be thinking about it. With regard to the real estate space and why it even belongs here you don't think this…   Goeff: Yep, sure, so the core concept for blockchain is that it's a network that can be validated the data that's recorded onto the network, which is the chain can be validated by an a limitless number of third parties who aren't organized or connected in any other way. So these are called validators I could have when you could have when they just computers that read the information that's coming in from the blockchain, they perform some mathematical calculations, and then they verify that the data that's been submitted is, is what it says it is and then at that point, it's formalized and recorded to the block and then, so these blocks are really just pieces of data, data that had been put together and then as you form one block after another, that becomes the chain. So it's really just a chain of data that's been validated by third parties that are completely decentralized. So why is that important because it means that there's no third party, a corporation or government, whoever it might be, that can intervene in the functioning of the blockchain, once it's up and running, and you have enough people who are validating and writing to the to the system, it goes infinitely, and it can't be shut down and so the first use case that really grabbed a lot of attention was payments, right? That's what Sanjay was alluding to, in the early you know, the current web two universe, you don't have an easy way to send value to another person without going through a bank or a financial services company, Blockchain, Bitcoin allows you to do that, it's just simply on the on the chain, if you have value in the in the form of Bitcoin, you can send it to any other address anywhere in the world, instantaneously and no one can stop you from doing that. So this really arose from kind of an idealistic perception, like, we have to be able to have to guarantee our own freedom, you know, the government can't intervene and prevent me from sending money to you and that's where, you know, it came from, like the sophisticated cryptographers mathematicians who had an idealistic view, and that's where Bitcoin came from and then since then, it's expanded to a lot more utility, where you can do much, many more things other than just send payments. You can, you know, NFT, you can have lending platforms, you can have social media companies that are effectively on a blockchain and can't be shut down or controlled by third party. So that's, you know, that's the overview of kind of where it came from and why it's important today. Sanjay, anything to add?   Sanjay: Yeah, no, taking a step from there right and that's exactly right, Geoffrey, the original idea was, you know, this all came about during the great financial crisis of 2008 2000, you know, 10 or so, where people thought that these, you know, financial intermediaries are, you know, in control of our lives and so Bitcoin kind of, you know, that was the reason why it came about as a peer to peer system where you can exchange value without involving these intermediaries. But then over the years, we've kind of seen that world expand rapidly and there's other cryptocurrencies now and one of the notable ones is Ethereum and on the Ethereum network, there's actually the ability to create what's known as a smart contract and a smart contract is essentially a piece of computer code that will execute based on a certain event occurring and why that is important is if you think about it from a disintermediation perspective, you know, in a transaction where two parties are involved, and party A needs to provide a good or service and party B needs to make a payment for that. You need a way to make sure that both parties are adhering to their portion of the agreement, or contract, right and so oftentimes, what happens in the financial services world is, in order to make sure that both parties are compliant with their aspects of the contract. You create an intermediary in the middle that takes that position of collecting information or payment from both parties and sending it across and a very common example of this in real estate. Michael, you as a, an owner of, you know, dozens of properties, you've gone through this process many, many times. But you there's an escrow agent involved exactly what I was thinking sure that, you know, right, the property title moves over to, you know, the buyer and the money goes to the seller, right. But imagine you had a piece of computer software that executed on a sale, and it made sure that the two parties were both appropriately receiving what they were expected to receive and there was no intermediary involved in this process. So this, this all executed, basically on the click of a button, right? Like that would be game changing in the real estate world and that's what we're trying to do now with through stock on chain.   Michael: Holy crap. For anybody who's not watching this video, I just didn't pick up my jaw up off the floor, because that was totally a game. So I have so many questions, I want to take just a step back and so Goeff, you were talking about this, these validations that can be done by any number of people. So I'm thinking about like a real world example. So if I go to the store, and I buy something with my credit card, I put down my credit card, they give me the goods and then in this case, would the validator be like the credit card company that says, look, this is the charge that like how do I think about that from like a traditional example.   Goeff: That's exactly right, the validator or usually there are multiple, but they'll they play the function of the credit card company. But instead of sending your data and the transaction data to the credit card company, where the credit, you know, the data goes to the credit card company, the credit card company says okay, this person has credit and the transaction is now going to be posted on their account, and then they send the okay back to the merchant. Instead, the merchant would send the data to a blockchain, the blockchain validators would pick up that transaction, they would validate that, you know, all of the details are the same. Usually, it's a small number of validators that have to agree on the transaction details to make sure that there aren't, you know, nothing's been missed and then once they've reached that consensus, whether that's five or 10, validators, or whatever it may be at that point, then it goes back to the merchant and as it says, The Merton now the blockchain has been updated to show that this transaction occurred, Goeff, or you or whoever was spending the money now no longer has that money. So I had that money in Bitcoin. I gave it to the merchant, the merchant side of the blockchain and said, hey, guys, can you verify that you're debiting Goeff's account and you're adding it to my account? Everyone said, okay, verified, validated, coming back. Now, I can't spend that money, I don't have it anymore and it's in your account. So that's, you know, a high level how that would work.   Michael: Okay   Sanjay: And a couple of more things there, right. Like, if you, you know, credit card transactions for small dollar values is one example. But if you look at larger dollar values, and there's ACH transactions that take three or four days to get validated through the banking system, a wire transaction, if you're trying to buy a house, and you need to make a wire payment, you're rushing to the nearest retail brand, scheduling an appointment to go into the wire, right?   Michael: It's such a pain.     Sanjay: It is all such a pain and like, imagine you had a way 24/7, right, like, you're looking at, you're browsing a site today, you find a property you really like, you want to buy that property, it's Sunday night at 10pm. You just click the button, and you know, your wallet says you have enough money and the smart contract validates that you have the money transfer property over to you, right, like imagine a world that's like that, where you don't have to worry about waiting three or four days for an ACH or running to your bank and getting an appointment waiting in line to get a wire done and it's all literally you're doing all this from your computer, click of a button 24/7 AMS and payments do anywhere in the world.   Goeff: And the cost is in most cases, negligible. You know, the wire fee is whatever 35 $50 It takes a day, you know, some amount of time to process ACH could be clawed back. The claw back concept that exists with ACH that doesn't happen in blockchain that doesn't exist. Like once it's final, it's validated, it's done and you could, you know, a simple payment transaction might cost from a few cents to a few bucks, but it's not going to be anywhere near the cost of a wire transfer.   Sanjay: And the transaction is immutably recorded on the blockchain, nobody can contest it, because you can go and open up that transaction on the blockchain and say, these two parties agreed to this transaction and it's hot, you know, it was hashed on the blockchain and there's this unique hash that represents this transaction, right. So there's no disputing later on. The parties agree that transaction gets done, it's instantaneously recorded and so that that makes this platform as a technology choice. You have innumerable number of possibilities because once you have those types of payment rails, you can build all kinds of applications around it.   Michael: This is insane, you guys. So like, we were talking about the validators and Goeff, you were saying, whatever, four or five or 10 validation points and people are doing it. So is it literally like people on their computer going, like watching their screen for these payments going back and forth or is this happening automatically?   Goeff: No, it can happen. It happens, it's automatic. Yeah, you set up a server that has the right hardware, there are different hardware and software requirements for different blockchains. But it runs silently in the background, or in some cases, it's, it's loud, because there are a lot of fans this morning.   Michael: I heard that, yeah…   Goeff: Yeah, but it's happening 24/7 In the background, and, and in most cases, it's just set or forget, set and forget, you don't have to be online all the time, doing anything manually.   Sanjay: And one other thing I wanted to point out was, you know, obviously, with banks, you can go there on weekends, after hours bank holidays and such, but even a MasterCard or Visa, if they're having a problem with their servers or something, you can have outages where you know, for a couple of hours, you're not able to do any credit card transactions, right? Whereas on the blockchain, that doesn't happen, right because there's blocks can be like, even if my computer was one of the validators, but for whatever reason, it's not working right now there are hundreds of other computers that are doing the same thing that are waiting to pick up the next block and compute it and solve the puzzle and so, you know, as Goeff was saying earlier, once the blockchain is up and running, and there's, you know, enough infrastructure in terms of validators that support that blockchain, you know, it's then it's permanently out there, and it's you can shut it down.   Michael: So that kind of brings to my next question and so you both are talking about this decentralization aspect and I think I've heard so much about the crypto world, it's like getting away from big banks and government and that sort of thing. But if this information is, I mean, it's public at this point, right? When I, Goeff, when I send you money or buy a service from you, it's now public information.   Sanjay: Just to just to clarify on that, right, the part of the information that's public is that this wallet address transacted with this other wallet address. But it's not necessarily public that, you know, Michael transacted with Goeff, right. So what's publicly stored is just the, you know, so, you know, when we talk about privacy, oftentimes, people use the words privacy and anonymity interchangeably, but they're two different things, right? You know, in one example, where there's just two wallets transacting with each other, you both still have full anonymity but the privacy concerning the fact that the transaction occurred between two wallets, that may be public information, but that's the kind of subtle.   Michael: Got it, yeah okay. Okay, that makes total sense, because, well, I was going with the question is, if I send Jeff money for a service, I mean, that could be a taxable event on the traditional world, like, if you were a credit card company, or you were a merchant, I send you that you have sales tax to pay. So I'm imagining government's point to the me sending you money and say, well, now we're going to tax it. But Sanjay, what you're saying is that the actual dollar amount, or what it was for, might not be available to them, all they could see was, someone sent money to someone else, end of story…   Sanjay: We use you the amount of money that went from a to b, but you don't like people don't automatically know who a and who B where the US are going as far as…   Michael: Or what it's for…   Sanjay: Right, in the US people are required, basically to report their own earnings and that's, you know, whether it's on the in the crypto side or non-crypto side, but, you know, you're required to report your earnings and in other countries and jurisdictions, they've passed laws where crypto transactions are not necessarily taxable. So, like, if you bought Bitcoin for, you know, $5,000 and sold it for $20,000, you may not have capital gains taxes in other jurisdictions in the US we do and that's, you know, self-reported, for the most part,   Michael: This is so nuts. Okay, so, taking one more step forward, we're talking about these coins. We talked about Bitcoin, and we mentioned Ethereum, as well, what gives these things of value? Is it just that we have generally I mean, the same thing can be said for the dollar, it's enough people have accepted or any currency have enough people have bought into this idea that this piece of paper that has an old president's face on it is worth what we've decided it's worth, same thing for Bitcoin and Ethereum.   Goeff: Exactly the same. All right, yeah. Nothing else. There's nothing else to we, you know, we all agree today that Bitcoin is worth 20,000. If it goes up, then you know, that's literally the market price. It's set by the people in the market who are transacting on a you know, every second and so it's a very clear pricing mechanism.   Sanjay: In a way you know, it's pure demand and supply that drive pricing for the these types of alternative currencies or crypto currencies, the dollar, for example, you know, we price $1 bill to be worth $1, right and so you will always be able to redeem $1 for $1. But, you know, inflation and other characteristics might make it less valuable to you, right like if a loaf of bread was 50 cents, and now it's $1, you know, you're paying more money to get it, but you know, you're not paying more bills necessarily, you know, like, the dollar bill is always $1 Bill, right? Whereas, one, one Bitcoin or one Ethereum, its value can go up over time, almost like the stock market, right? If you're looking at a share of Microsoft, it's $100 today, but because we all think Microsoft is very valuable, or Apple is very valuable, and the next iPhone is the most sexiest thing that's come out, and therefore, you know, we think we should, you know, put more value to the Apple stock, right? So the concept is similar with Bitcoin and Ethereum. It's simply people that are there are people who are, you know, buyers, and then there's their long on Bitcoin and then there are people who are short on Bitcoin and if there are more people long than short, then the price is going to go up. If there are more people short at a particular point in time price will come down. There's fewer demand.   Michael: Cool and so we mentioned, I think you both mentioned a couple of different use cases for the blockchain and for crypto. What, like, where do you see this going and for Roofstock, specifically, maybe you could talk about what we're doing as a company with regards to blockchain and where do you see it evolving from here?   Goeff: Sure, so, the, you know, the easiest use case for the blockchain technology is for something that is entirely on chain right payment is a perfect example, right? The you know, I give you send you something of value, call it Bitcoin, you accept that, and that's all on the blockchain and that's pretty easy. What we're doing is, we think taking the next step forward for blockchain and we're not the only ones. But we think that we do have something to add here, which is to bridge blockchain to real world assets and that's where things start to get a little bit tricky because let's say that you have a home, you call it a home on chain, a tokenized, home, whatever it is, and you have a token, a blockchain representation of a home, but it's a real world home and so you know, you say, oh, I go to my blockchain wallet, my crypto wallet, and I see I have this home token. That's great but let's say it's not the home that I live in and in fact, it's a home somewhere else in the country and I haven't been there for a while. How do I even know that there's still a home there, right and if I want to sell it to you, you know, you like the idea of using a smart contract to buy and sell this home? You like the idea of having a one click transaction of having certainty that you're going to get what you know, the home token in exchange for your money. That's all great. But how do you know that you're actually buying a real home and not just something that is called a home on a blockchain, whatever that even means, right.   And so that's where we've spent all of the last nine months and the better part of the last 12 months, diving into the nitty gritty legal details to understand and practical implications to understand how we can put this together in a system that works and the answer is, you have to have some type of validation from the real world as well, obviously, you know, the scenarios that I just mentioned, we can't allow that to happen where someone purchases a home token, and finds out that the home burned down three months ago. So you know, you just got nothing and so the way that I think what Roofstock can bring to this equation is the deep, detailed knowledge about how real estate transactions work, plus the blockchain, the blockchain, structuring the legal implementation and that's the value add that we have. I think there are a lot of others in the space and we encourage everyone to get out there and try, you know, try to build, but we do see others who don't have the real estate experience and even though they have a beautiful blockchain strategy, they don't know how to connect that and that you end up with something that's not useful. So what we're doing is designing a system that ensures that before any home is transacted, it's gone through all of the usual checks and balances that are necessary for real estate transaction and inspection has been done recently. We've done you know, made sure that taxes are paid, made sure that insurance is in place, make sure that the title is you know, unencumbered. We do all of that, because you have to do all of that no one's gonna buy it, if you doubt, but we do that behind the scenes, and so went by the time that you as the buyer come to see our site and you see the home, the home tokens that are listed there, you know that you have a data room that shows all of the documents that I just mentioned and more. So your diligence is already done for you. You don't need an inspection contingency, because you have an inspection report sitting right there, you know, you don't need on the on the on the flip side, you know, you don't need an escrow agent, because the smart contract simply it won't execute, it won't perform its function unless the buyer has the funds that it says it has. So you know, this smart contract at the time that you as the buyer purchase, you click, I want to buy this home, the smart contract checks, do you have money, the right amount of funds in your wallet? You know, they check the other side. Does the seller have a home, which is already been approved by Roofstock to be sold? Yes, yes, the transaction happens, and it's not and if one of those isn't true, then it fails and you know, we have to go back to the drawing board and fix whatever was wrong.   Sanjay: Right and then to add to that, right, the kind of the first version of smart contracts and NF T's and all these things that came about on web three, you know, a lot of those assets themselves had the value in it, right. So you might have heard about projects like board a, or crypto punks, these are well known NFT projects where people are spending Saturday 98 to buy, you know, a JPEG image of you know, this popcorn ape. But in those cases, that image itself has that value embedded in it and when people get that image when they buy that they've already exchanged value, right. But the example Goeff is giving us with a real life, real world asset, the NFT is a representation of that real world asset, but it's that real world asset that has the value in it and so when people are transacting these NF t's on the marketplace, Roofstock has to make sure that you know what they're buying and selling corresponds to that real world asset that has that value and we've gone through the inspection and other diligence process to make sure that is still true, right. So that's the sort of the next leap in the web three world where you go beyond just the you know, cryptocurrencies and crypto Native Assets getting traded and now you start looking at real world applications.   Michael: Goeff, I'm thinking about is like, so if I'm trying to understand this, I'm I buy this token, which the underlying asset kind of backing the token up, if you will, is the home, right? So I then own the home as well. How does that work for like, insurance purposes? If I gotta go get insurance on his home? Am I Michael, like going out to my traditional insurance people and saying, okay, well, I own this home, or like, who's on title of the home? How does that all work, is the token on the title?   Goeff: All the right questions. So the way that we're setting this up, each home is titled in its own LLC. So we have a limited liability company where the home is titled and so that really facilitates the transfer between different parties, because you don't have to record title, every time that home token is sold. The title obviously has to be recorded the traditional way at the county recorder's office, the first time that it's transferred into the LLC and then from that moment on, it doesn't need to be retitled because the only thing that's changing hands is the LLC, the ownership of the LLC, the membership interest, it's called like the share of the LLC. So that's, that's how we unlock that. So that when I sell you my home token, I'm selling you an LLC that owns the home and you as the owner of the LLC, you have full control of the LLC, and thereby full control of the underlying home. So you can do whatever you want with the home. If you want to rent it, you can rent it, if you want it to be a long term rental, a short term rental, you get to decide all of that you get to decide when you put a new roof on or if you want to repair the roof instead of replace it. You make all those decisions. As far as the insurance question that you asked, we do have an agreement with an existing insurance company that's tech forward, and they're interested in working on this project. So we've already set that up. The first time you buy a home from us, it will come with one year of property insurance, it's prepaid. If you want to change that you can you can change it if you want to cancel it and replace it with a different insurer. You can what we found is that a lot of intermediates in the space are not necessarily comfortable and dealing with this type of transaction. So we've spent a fair amount of time diligence seen a lot of, you know, providers in the market and we think the ones that we have are very good, but it's up to you as the owner, if you want to have a specific insurer, or a specific title company, you can do that. But otherwise, it's already in place and it's really as easy as just paying your annual premiums you can, you don't have to think about it, if you don't want to.   Michael: Okay, so the follow up what popped in my mind immediately, and then we're going to get you guys out of here, but we live in California. So Roofstock obviously doesn't have a very big footprint here, because there's not a lot of cash flow potential, or it's much more difficult to make the numbers work as compared to a lot of other parts of the country. So, Sanjay, if you buy a home for a million bucks, tokenize it and now you your property taxes in California are based on your purchase price. So if five years down the road, you sell it to me for 2 million bucks. Traditionally, my new property tax value is going based on that 2 million bucks. But are you saying that because this trent this sale isn't getting recorded, as it would traditionally that my property taxes are still gonna be based on your original sale price of a million bucks.   Sanjay: In many state that's, that would be true. But in California, unfortunately, prop 13 would pick that sale up. That's it's a state by state analysis and in most of the states, you know, the transaction would be fine. You individually report any capital gain on your taxes, of course. But in California, the transfer does get picked up.   Michael: Damn it. They always get you somehow but maybe in some states, it sounds like that might not get picked up, right. There's less of an issue…   Sanjay: That's right, in many cases…Yeah.   Michael: Interesting. Okay, man, I thought I had this huge unlock but clearly you guys have already thought of, of all this. So this is this is super exciting, guys. We definitely need to continue the conversation, got a lot more questions, a lot more information. I would love to disseminate to our listeners. But thank you both so much for joining me. If people want to learn more about web three and blockchain and crypto in general, is there are there good resources out there that we can point people to?   Sanjay: Yeah, I mean, definitely come to our website to learn about real estate tokenization. That's https://onchain.roofstock.com/ and also, you know, follow us on crypto Twitter. It's at @rsonchain and then individually, like Goeff and I do contribute in Twitter and LinkedIn and other areas as well. So, you know, look us up and follow us as well, on those platforms.   Goeff: And don't feel don't hesitate to reach out. Like you know, we're happy to talk we're here. We're you know, we're doing something new. We know a lot of people have a lot of questions, and we're happy to answer the questions and then he conversation. So ping us, we're happy to chat.   Michael: Amazing, amazing. Well, thank you both again, for coming on and super looking forward to doing this again soon.   Sanjay: Thank you. Thanks for having us.   Goeff: Likewise. Thanks.   Michael: Alright, anyway, that was our episode. A huge thank you to Goeff and Sanjay for coming on. We're gonna definitely be having them back on again soon. So if you have additional questions about things you just heard, or blockchain things in general, we'd love for you to see those in the comment section. Wherever it is, you get your podcasts, and we will try to get to them on the next episode with Goeff and Sanjay. As always, if you liked the episode, feel free to leave us just traditional rating or review. We love those as well and we look forward to see you in the next one. Happy investing…

Goeff joins WVMT's The Morning Drive to discuss a program designed to help low income households save money by providing weatherization for their home/apartment. Here what you can do to qualify whether you are a low income family or a landlord who has a multifamily dwelling.

Our Jan Gray talks to ex Glamorgan opener Geoff Ellis about his upbringing, his journey through a first class cricket career and what he was doing when he wasn't playing cricket.Sounding much younger than his 70 years, Geoff remembers the good times playing against some of the greats of the game including Viv Richards and Barry Richards.  He also makes mention of the great Glamorgan players he played alongside such as Don Shepherd, Alan Jones, Majid Khan, Tony Lewis and Brian Davis.He talks about the highlights of his career and the low points when he hit the front pages of the newspapers rather than the back of them.What shines through all the chat is Geoff's love of the game and his lifelong commitment to it.You can find the details of Goeff's career here:https://glamorgancricketarchives.com/geoff-ellis/

What's up PoYiF fans?! It's Wilson and Lu coming at you with another What's Up Wednesday. This time we're doing a 3 part profile on Geoffrey Thorne the new writer for DC's Green Lantern and he's got some big plans!!! Hopefully we've convinced that Goeff was right for this book, because this is the part where we get to talk about the book! We think if Geoff gets his run we're going to look back at this issue and see all the groundwork being laid. There's a lot going on and a lot of questions to answer. Is this united planets thing really going to work? Green Lantern rings don't work on magic? What's a crux world and why is it so important? Where does Teen Lanterns Gauntlet come from? This book definitely has some far reaching consequences. There's a lot of details in this 40 page giant and I think as this run goes on we'll be checking back in for a while. Pick up Green Lantern #1 as soon as you can! Follow Geoff on Twitter: @GeoffThorne You can follow us  @Poyifpod

No man is an island. This quote is aptly applicable to real estate syndication. To be successful in this field, one needs to have a solid network of partners that will help you achieve your goals. Today, we speak to Geoff Stuhr and he tells us that networking makes a lot of difference in how you spell success in real estate. In this episode, we will learn how Geoff was able to secure his first syndication. He also talks about finding the right mentor and how that will help you learn the ropes of the business. We then talk about the lessons he learned the hard way and how they equipped him to be better in his future deals. If you are interested to know how you can build your network and partner your way to wealth in real estate, click the play button now and learn from our conversation with Geoff! 

NFL Commentary ! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/fairweatherfan/support

Kyle Smithpeters talks to Goeff and Chip about JUCO draft prospect Jay Scrubb. Learn more about your ad choices. Visit megaphone.fm/adchoices

RYB 897: The "ONE THING" Can Change Your LIFE and Business with Goeff Woods

Geoff Thatcher is the Founder and Chief Creative Officer of Creative Principals and the author of The CEO's Time Machine, a fictional story about how a CEO created one of the most innovative companies in the world. Geoff shares his unique view and perspectives on how to elevate a brand through powerful stories and examples that will help you stand out from your competition!  Key Takeaways: [4:05] By being so obsessed with only looking to the future, you can miss key insights and lessons that were learned from the past. [7:35] When it comes to innovation and new decisions, the most important thing you have to do is make a decision, even if it’s the wrong decision.  [8:40] No matter what, there’s never enough information out there.  [10:50] How did Geoff get into this line of work?  [13:50] The book is written like a theme park ride. What does that look like?  [17:20] The experience model of track, trust, inform, interalize, and act is rooted in psychology as well in history.  [19:30] How do you build unique companies in ‘traditional’ industries and create a message that stands out from the competition?  [24:15] Once you know the type of person you are serving, then you can build a story around that avatar.  [26:00] What are some of the common mistakes Geoff sees people making?  [28:30] Tell a good story and no one will complain.  [30:00] Goeff shares an example of how you can create a story and make it memorable.    Mentioned in This Episode: Dynastylc.com Email Todd: Todd@Dynastylc.com Creativeprincipals.com Geoff on LinkedIn Ceotimemachine.com

Scott, David, and Goeff talk about the strides that NASCAR made this week and they also discussed the NFL's minority practices.

Have you ever listened to a band who gave you anxiety? Strapping Young Lad might be that band. In this episode Dan, Joe, and Goeff sit down to try and navigate through the random teleportation journey that Devin Townsend and Strapping Young Lad have in store for them. Strap in and calm down. #discussmetal #StrappingYoungLad Join our Patreon: Discography Discussion on Patreon - http://bit.ly/discussmetalpatreonDiscography Discussion Podcast Homepage - http://bit.ly/DiscographyDiscussionSubscribe to RSS - https://podcast.discussmetal.com/feedBuy a Shirt on Teespring! - http://bit.ly/DDTeeSpring Listen to Discography Discussion on Spotify - http://bit.ly/discussmetalspotifyDiscography Discussion on Apple Podcasts/iTunes - http://bit.ly/discussmetalitunesDiscography Discussion on Google Play - http://bit.ly/discussmetalgoogleplayListen on Stitcher - http://bit.ly/discussmetalstitcherListen on iHeartRadio - http://bit.ly/DDiHeartRadioWatch/Listen on Youtube - http://bit.ly/discussmetalyoutubeListen on TuneIn - http://bit.ly/discussmetaltunein Join the conversation on Discord - http://bit.ly/discussmetalDiscordFacebook - https://www.facebook.com/DiscographydiscussionTwitter - https://twitter.com/discussmetalInstagram - https://www.instagram.com/discography_discussionTumblr - https://danandjoeshow.tumblr.com Questions? Comments? Suggestions? Submit a band request Here - http://bit.ly/DDBandSuggestionsEmail: danandjoeshow@gmail.comwww.discussmetal.com Media Mentioned In This Episode:Episode 171: Nothingface - https://bit.ly/DDNothingfaceEpisode 014: Black Sabbath with James Rolfe of Cinemassacre - https://bit.ly/DDBlackSabbathJR Album of the weekDan - Morbid Angel “Altars Of Madness”Joe - The Suicide Machines “Steal This Record”Geoff - Strapping Young Lad “Alien” Strapping Young Lad Episode Playlist: SYL Goat Velvet Kevorkian Oh My Fucking God Home Nucleonics Relentless Devour Skesis We Ride You Suck Far Beyond Metal

The DLP Report Podcast is back live with the latest news, Patrick's DLP Quizz, Disney books and Imagineering talk with Goeff and your questions and topics!

There are many bands out there who will do their best to push their genre in directions nobody could have imagined. The unfortunate thing is that most bands do not achieve this. In This Moment is a band known for blending genres and pushing new ideas of what we think of as “acceptable” for metal. On this episode of Discography Discussion Dan, Joe, and Goeff analyze if In This Moment have achieved changing our expectations, or if they are sheep in wolves clothing. #discussmetal #InThisMoment Join our Patreon: Discography Discussion on Patreon - http://bit.ly/discussmetalpatreonDiscography Discussion Podcast Homepage - http://bit.ly/DiscographyDiscussionSubscribe to RSS - https://podcast.discussmetal.com/feed Listen to Discography Discussion on Spotify - http://bit.ly/discussmetalspotifyDiscography Discussion on Apple Podcasts/iTunes - http://bit.ly/discussmetalitunesDiscography Discussion on Google Play - http://bit.ly/discussmetalgoogleplayListen on Stitcher - http://bit.ly/discussmetalstitcherListen on iHeartRadio - http://bit.ly/DDiHeartRadioWatch/Listen on Youtube - http://bit.ly/discussmetalyoutubeListen on TuneIn - http://bit.ly/discussmetaltunein Join the conversation on Discord - http://bit.ly/discussmetalDiscordFacebook - https://www.facebook.com/DiscographydiscussionTwitter - https://twitter.com/discussmetalInstagram - https://www.instagram.com/discography_discussionTumblr - https://danandjoeshow.tumblr.com Questions? Comments? Suggestions? Submit a band request Here - http://bit.ly/DDBandSuggestionsEmail: danandjoeshow@gmail.comwww.discussmetal.com Album of the weekDan - Rivers Of Nihil “Where Owls Know My Name”Joe - Judas Priest “Firepower”Geoff - Heilung “Lifa” In This Moment Episode Playlist: Whore Big Bad Wolf Black Wedding Black Widow River of Fire Natural Born Sinner Beautiful Tragedy The Gun Show Prayers Ashes

On September 13th, 1990 - The grisly murders of Geoffery Hood and Molly LaRue rocked the Appalachian Trail community and the Nation.  In part 1 we covered the multiple characters who interacted with Molly and Goeff as well as the timeline that brought them to the Thelma Marks shelter on Cove Mountain.  Unknown to the couple, they were about to cross paths with a deranged psychopath.  Join us this week as we continue the case of Hood and LaRue. Learn about other unsolved missing persons cases in America's wilderness at Locations Unknown. Follow us on Facebook & Instagram. Become a Patron of the Locations Unknown Podcast by visiting our Patreon page.  

Geoff and I have a call where we connect regularly. You have heard countless times where Goeff's expanded my mind and brought accountability to the table. Since we are always about how we can bring value to others, today there was somebody who really needed value. It's somebody who's in our Inner Circle, it's somebody who came to our Mastermind last year, it's somebody we care about a lot… and we wanted to help him. Today's episode is almost like a screening call. When you listen, pay close attention to the level of detail that goes into this. Customizing it, diving deep to figure out what each persons individual challenges are and then to customize a weekend experience around it. What would that do for you? For those of you who are ready to surround yourself with the right people, it's time! Our next exclusive VIP Mastermind experience is almost here. www.menteepodcast.com/mastermind This is a very exclusive, high-end mastermind, that is application only to be considered. If we mutually agree it's a fit, this event will bring you targeted mentorship, accountability partners and open the doors to being a lifetime part of something truly special. If you are interested, be sure to apply now here! www.menteepodcast.com/mastermind Links & Tools From This Episode * http://menteepodcast.com/ Apply for The Mentee Mastermind: * www.menteepodcast.com/mastermind Join The Inner Circle * www.menteepodcast.com/innercircle If you've enjoyed this episode, please subscribe to the Mentee Podcast on iTunes and leave us a review for the show. - Free Resources at http://menteepodcast.com/resources/

Geoff Norcott is a rare thing indeed: an (openly) right-wing comedian. His recent stand up shows have explored his working class background and his conservative politics and they've been mighty funny.  This was a fascinating discussion about Goeff's thoughts on capitalism, right-wing politics in comedy, Brexit, immigration, outrage, Corbyn, Brixton and personal responsibility.  Problematic is on at the Edinburgh Fringe 2017 now! 8:30pm at the Pleasance Courtyard Problematic is coming to London's Soho Theatre, starts August 29th Help deported "Sanjay" start again @GeoffNorcott Right Leaning But Well Meaning is at #EdFringe now geoffnorcott.com BBC Two's The Mash Report Cause of the Week: Medicins Sans Frontieres (msf.org.uk)  

Get ready for a good one! This week on the show Damian is joined by Thursday frontman Geoff Rickly. Listen in as Geoff tells Damian about pre-teen punk shows and the violence and awesomeness of early 90’s New York. Also discussed: Being a kindergarten Goth Seeing the Replacements at 6 Going to Slayer and Bad Brains with your mom and dad Robert Smith, Goeff’s mom and paparazzi A friend stealing a Monster Magnet tape and ruining the record store relationship Going to smart kid school getting in Fugazi Heckle’s Garage Not being into silly punk Getting stabbed for $3 in NY The miracle TV Going to Coney Island High and seeing VOD. Madball and Crown Of Thronz Roger from Agnostic Front gives Thursday their first show Playing in a band opening for X for two shows Going on a family vacation and winding up in Green Apple Quickstep Deadguy changes there sound booking the “most hated band in New Jersey”: Ink & Dagger Getting a house to book shows forming Thursday making sure you keep your early set Eyeball Record: The NJ launching pad Reversal Of Man breaks up in your basements Benny from Gaslight Anthem Almost breaking up “Hey! We signed to Victory!” “You are fucked”

This week Goeff and I explore some random off-beat world music with a dash of European film tossed in! Completely unintentional when I was putting my mix together this week, but welcome nonetheless. This week you'll get to hear songs from Alain Goraguer, Luboš Fišer, Alan Watts, Science Fiction Corporation, Vampires of Dartmoore, Jean-Claude Vannier, and many more! Enjoy and don't forget to share!

Reaction to Eagles (NYGs longest & heated rival) trade up to the no. 2 pick from Cleveland & mortgaged their future either on Wentz or Goeff, plus a Cowboy DE busted for smoking WEEEDDDD!!!! also #JoshNorman is a free agent who should pursue him perhaps the NYGs maybe or maybe not.

Reaction to Eagles (NYGs longest & heated rival) trade up to the no. 2 pick from Cleveland & mortgaged their future either on Wentz or Goeff, plus a Cowboy DE busted for smoking WEEEDDDD!!!! also #JoshNorman is a free agent who should pursue him perhaps the NYGs maybe or maybe not.

In this classic GameTek, Goeff talks about how innovative a game can really be. Duration: 06:14

Geoff Keith met me at the Comedy Store to talk about all his amazing trips to Southeast Asia. He's been there a few times. To the Phillipines, to Thailand, and somewhere else that I'm forgetting. There's some pretty cool adventures in there and it really makes me want to go see those places for myself. 

Jeff Danis and Ryan O'Neill came by my apartment to talk about their jobs as grocery delivery drivers. Oh my god, there were so many hilarious stories. They're both comedians from the Comedy Store and their job is so ridiculous. For delivery drivers, there's a shocking amount of talk about nipples and Down syndrome.

Jeff Dye and Geoff Keith stopped by Skeptic Tank Studios to talk about their experiences as super attractive men. The hard part of this episode was convincing these two guys that they were way more attractive than average men. Most of our discussion was spent talking about the women we've managed to finagle into our beds. They had a much easier time finagling than I did. It's not like I think I'm ugly, definitely not by semitic standards, but these guys are in a different category.  Enjoy

  Ladies and Gentleman and "kids" of only adult ages, welcome to what promises to be the spectacle of all spectacles better known as the Queensryche Cabaret.  The Queensryche Cabaret comes to the House Of Blues in Chicago, IL on October 29, 2010.   Queensryche lead singer Geoff Tate talks about how the band will be performing while Go-Go dancers, burlesque dancers, drag queens, a juggler, ballet dancer, trapeze artist, a contortionist and others share the stage. According to Geoff, "after you've done so many records and so many tours, it's nice to experiment with things and kind of challenge your audience and yourself". He also talks about his wine business, comparing the process of making wine writing songs.  "Wine is kinda like making music.  You have notes that your put together that you weave into a song and you hope it's pleasing to the ear.  And with wine, you have a bunch of different grapes that you blend together to form a taste that's pleasing to the tastebuds."