Interview With Daniel (NFTs Collector) – Crypto Business Show Episode 23

Video Transcript:

Rob: Hello everybody welcome to the crypto business podcast. I’m your host Rob Eijgenraam, the director at TokenMinds, a full-service crypto, and nft agency. In this podcast, we’re discussing any topic that’s relevant for entrepreneurs and founders. Today we’re talking to Daniel who’s an entrepreneur and a crypto nft investor as well and he’s also utilizing nfts for his current business. Hi, Daniel thank you for being here.
Daniel: It’s a pleasure.
Rob: Let’s move to the first question. Can you tell us a little bit about how you got into the crypto space okay?
Daniel: So I’m 32 years old now and like in my opinion most people that got into the crypto space early there’s a bit of a dark story to it. So I’ll tell you exactly how I got into crypto and I would say there are a lot of people out there listening that have the identical story to me when I was 22 so nearly a decade ago there was a way to buy medications on the dark web and the only means of exchange was Bitcoin. We would buy Valium or Xanax or these medications that were heavily regulated in the country that i was even though they’re legal in most countries in this country it was difficult to get them without a medical condition if you will and we would party obviously and do recreational things and at the end of the night to calm down we would need these benzodiazepines and so we would purchase these benzos if you will with bitcoin and back then i had no technical expertise how to do it and i still don’t know how people onboard it but we would buy 10 valium for i don’t know like 100 bitcoin you know so you can you can imagine how much wealth there was if i had kept it all, all right and i’ve got another story about that too and how i liquidated early and you know i probably wouldn’t even be here in Bali right now i’d be in Dubai in some palace if i kept all my bitcoins but that’s the origin story for me  i didn’t do any of the purchasing I didn’t have the technical expertise because at the time if you think about 2012-13, how to buy bitcoin sell bitcoin this is you need it to be like code savvy if you will but a friend of mine like an I.T. nerd he did that and i was just amazed at the idea that you could buy something anonymously without a third party you know monitoring and verifying this right I thought this is going to be something down the track like it just has to be you know i had kept a few of them just as like a meme we would keep them like the origin story of dogecoin as a meme like oh I’ve got these bitcoins and you can trade them but there was no genuine thought that this would be worth anything one day so I kind of pocketed a few of them I won’t disclose how many there were just in case people think oh my god he’s got hundreds of billions of dollars because I definitely sold some you know regrettably I did sell some but I kept them there they must have been there for I don’t know two or three years and luckily I kept the seeds on a laptop which obviously you don’t do anymore and I was able to recover them when i had first seen this first bull market I’ll never forget i was driving home from a surf with a friend and he’s like man look at this bitcoin thing i was like yeah i’ve got a few of them and i hadn’t checked the price in God knows how long, it wasn’t a popular Google search in 2014-15 and i checked and i just remember at the time just I couldn’t believe my eyes i think the price was three and a half thousand Australian dollars and i obviously got them a lot cheaper than that and at that moment I had realized i was worth in excess of a million dollars you know so for someone that young being a tradesman at the time and studying it was like life changing right pure luck, back then there were some exchanges popping up in the country that i was living in but most of the time you had to purchase these things like the old school way you had to go to you texted someone you had to meet them give them cash and then you trust that they’d send you the bitcoin you know some people would just send money to a bank account and you’d have to trust that they would send a bitcoin obviously there was a lot of scams at the time but you know you do diligence see who’s got the best reputation and most of the time it worked out so that’s my origin story into crypto or at least bitcoin.
Rob: Right, yeah I remember those days as well it was actually it’s risky the other way around as well where you send your bitcoins you sell them, and then you’re getting a PayPal transaction or a bank transaction that can be reversed so that’s a bit tricky those days, and tell us a little bit about your entrepreneurial story as well like from a business perspective?
Daniel: Okay so the crypto thing is pure luck but that definitely plays a major role in having the initial capital okay? So we all have awesome business ideas but unfortunately there’s just a required amount of capital to start most things right fortunately for me that luck in crypto played a large role not all but obviously a large role I started my first tattoo shop in Indonesia also in 2015 and this crypto run and my tattoo shop had coincided not just that there was a guy in Australia who has passed now Rip to Ziz was a fitness influencer I don’t know if you remember this guy yeah, you remember this see.
Rob: Well I remember after this happened basically found this the story basically.
Daniel: Wow you see people that are not even Australian knew who this guy was. So before okay I’m going to date back to a pre-2010 or pre-Ziz era I used to call it. If you had tattoos you were seen as a gangster in Australia, Ziz was someone that made tattoos mainstream okay so when he got tattoos he made them aesthetic and it was part of that that bodybuilder aesthetic tanned tattoo look that we see commonly everywhere in Bali now i mean for someone to look like me here in Bali it’s like oh yeah whatever standard normal, 10 years ago no that was that was shocking to see someone like that and they were typically only associated with being a gangster or being super weird, you know you were looked at as a real weirdo but luckily for me i had actually been involved in tattoos in Thailand prior to this Ziz era and i must have opened my shop at just about the right time before tattoos went nuts like they just went absolutely nuts it got to the point where you would walk to a gym or a festival and one in two guys have got sleeves and tattoos so it turned out to be a business I just couldn’t even keep up with to be honest with you so that’s that’s my first piece of luck the bitcoin then the tattoo shop doing well from the initial capital from the bitcoin and then tattoos, the tattoo industry booming so a lot of luck I know a lot of entrepreneurs don’t want to talk about luck but there is a saying that stuck with me the poor people give too much credit to luck and rich people don’t give enough credit to luck, there’s that in between there right and I’m aware of that so good fortune definitely came my way as well as well as you can’t forget this having a family back home okay they’re not super wealthy but should my crazy entrepreneurial ideas go wrong I had a beautiful home to go to i would have been fed I have no children there was no risk what’s the worst thing that could happen to me i go back home and all of my studies are paid for from my father right so i had that as well, come from a really good family upper middle class nothing to lose basically yeah.
Rob: And let’s shift to nfts. Are you, can you disclose the kind of your collection?
Daniel: Yeah, yeah okay so first how i got into nfts because there’s this gap where i just did virtually nothing okay so being that early into bitcoin 2012-13 started i would say heavily allocating a portion of my profits to bitcoin in 2017 but nothing much more and to be honest with you i didn’t know much about Ethereum, it’s a smart contract it can, to be honest with you i would just regurgitate what everyone else said on the internet but i couldn’t thoroughly explain Ethereum it was only around early 2020 i would say that i just had enough money enough time that i was like okay what am i going to invest in here there was a few other projects that I’d allocated capital but to be honest i knew their 10-year plans so set forget there isn’t a lot i can do with the spare time in my hands i’m going to just research this crypto thing i thought when i understood Ethereum for the first time my mind was blown and the only thing I regret is not learning about it sooner should i have known what i knew in 2020 or should i have just read earlier I’d have invested way more in Ethereum way more, more than bitcoin undeniably for me not being code native and understanding things from a social aspect when i heard about nfts it was within 10 minutes i knew that they were going to be a big thing like literally within 10 minutes i knew i had to have one.
Rob: And why was that?
Daniel: Okay so for me being a young i don’t know how to say young and rich right you go shopping to purchase certain timepieces and shoe brands drive certain cars and this increases your status points and people don’t like to say it but if you do own these things and you represent that way it does make your life a lot easier the problem was is that on instagram you know fake watches were getting great fake designer clothing was getting great and everyone could kind of fake flex and it was ruining what i would spend all this money on and not getting the same result whereas with nfts you cannot fake the flex if  you have a board ape or a crypto punk you cannot fake that because you may need to verify sig on the Ethereum chain and you might need to have that hexagon on Twitter that you can only verify by attaching your wallet to that smart contract so that was really cool to me I thought for the first time ever you cannot fake this flex this is an undeniable flex and the moment i i figured that out I was like okay well what’s the best one you know what’s going to give me the lambo flex and at the time me getting in into nfts there really only was crypto punks around there was nothing else around  i could have picked up a crypto punk for a few hundred dollars but i like to arrive fashionably late i like to see something let it simmer slowly read over it and then i wait for a few other people to take that immediate risk regrettably if i had done that in March of 2020 i’d have i’d have got him way cheaper  but I think i got into crypto punks which is my first nft at a reasonable time i think it was April or May of 2021 and i got my first crypto punk and i’m either super smart or super stupid because I bought more than one crypto  punk after that time and then the second biggest pfp project that came out that is now the biggest the board ape yacht club i bought more than one of them too and aside from a few here and there that i traded up and down i kept most of them and i still have them and obviously as you know now in the  market we’re down 80/90 percent in terms of US dollar value on those nft so my net worth has taken a big plunge within literally three months right.
Rob: Yeah