Nader Al-Naji aka Diamond Hands

Summary 

 

Crypto entrepreneur Nader Al-Naji (diamond hands) joins the yWhales team to discuss how the decentralized social blockchain (DeSo) works. Nader provides a thorough overview of what differentiates DeSo from other blockchains, the costs involved with successfully running a social blockchain, and the democratization of content delivery. 

 

One of the most interesting innovations that DeSo brings is a new model of investing in people. On the DeSo chain, every person has their own coin - and just like other coins, the value of a person’s coin fluctuates based on people’s investment activity. 

 

Another way DeSo is changing the content world as we know it is that it allows creators to have their content across different DeSo apps. For example, if you create a piece of content on Diamond App it will be available on the BitClout App as well. 

 

Tune in to learn how else the content world will be changing as a result of blockchain innovations. 

 

About Guest

 

Nader Al-Naji is currently the head of the DeSo foundation. He graduated from Princeton in 2013 and was a software engineer at Google. After leaving google Nader founded Basis, a crypto startup. However, due to regulatory hurdles that made Nader realize he wouldn’t be able to fulfill his vision for Basis - he returned $132 MM in investment money. Nader launched BitClout in 2021. BitClout is a twitter-like social media network on the DeSo blockchain. As of September 2021, BitClout has raised $200MM. 

 

You’ll learn about:  

 

• What the decentralized social blockchain (DeSo) can do better than other blockchains like Solana and avalanche. 
• How the DeSo blockchain can now disrupt social interactions and not just financial transactions. 
• Why social blockchains are more costly than financial blockchains.
• How the DeSo blockchain can integrate, democratize, and tailor content delivery and social experiences on the web.
• How DeSo enables creators to actually own their content. 
• How content moderation works on the DeSo blockchain. 
• The story behind the launch of the decentralized social blockchain. 

 

Resources: 

 

Connect with Nader Al-Naji: Bit Clout | LinkedIn | Twitter

Connect with YWhales: Website | BitClout | Twitter

 

The Decentralized Social Blockchain

OpenSea NFT Marketplace

Metamask Crypto wallet 

Web3 Will Not Be Built on Smart Contracts

Diamond App (built on DeSo)

CloutFeed App (built on DeSo)

Polygram (built on DeSo)

NFT Z (built on DeSo)

BitClout (built on DeSo)

BitHunt

DeSo Pulse

Ed & Brian Krassenstein Talk DeSo (YouTube channel)

 

Timestamps 

 

[00:40] Introducing Nader Al-Naji (Diamond Hands)

[01:17] What is the decentralized social blockchain? 

[03:07] What it’s like to create your own blockchain. 

[06:44] The benefit of having all the content on the same chain.

[09:40] How do decentralized blockchains stay decentralized? 

[12:46] Immigrating NFTs into DeSo wallets. 

[15:47] Will the $DESO coin get listed on Binance and Coinbase? 

[17:16] $DESO coin tokenomics. 

[19:10] Should 1 $DESO be worth 1 dollar? (the psychology behind the price of coins)

[23:24] What kinds of social experiences can be built on DeSo?

[26:00] How do we get creators on DeSo? (marketing) 

[28:41] Complexities when buying $DESO

[32:06] Can DeSo apps become mainstream?

[34:21] How investing in people works on DeSo and how to avoid scams. 

[42:55] Elon Musk on BitClout (a DeSo app) and what reserved profiles are.

[45:42] How do I prevent my content from going on apps I don’t like on the blockchain? (content moderation on DeSo)

[48:06] Managing competitor decentralized social blockchains. 

[50:47] Why did Nader Al-Naji start the decentralized social blockchain? (and how he returned $132 MM in investment)

[58:35] The gaps in the DeSo blockchain (what DeSo needs to grow and become mainstream). 

[1:00:28] Nader Al Naji’s shoutouts.

DISCLAIMER: yWhales is not affiliated with YPO but at this time only allow for YPO, YPO Gold, and YNG members due to privacy & confidentiality. Support and production for today’s episode was done by Truth Work Media. Nothing in the podcast constitutes professional and/or financial advice, nor does any information on the podcast constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.