Blockchain Based Infrastructure for Your Finances With Dan Edlebeck

As a connector of thought leaders and doers in the blockchain space, Dan Edlebeck builds diverse networks to achieve high-impact goals. With 10 years of experience in business development, marketing, and operations. He fosters strategic partnerships and grows virtual and in-person communities. Armed with technical knowledge and industry experience, he can speak to your dev team or your grandma about the value of your tech stack. Relentlessly entrepreneurial and optimistic, he leverages lean resources to drive impressive results. He has bee an ambitious vision to make the world a better place, harnessing the capabilities of cryptocurrencies and blockchain technology.

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Blockchain Based Infrastructure for Your Finances With Dan Edlebeck

Brett:

I’m excited about our next guest. He is a connector of thought leaders and doers in the blockchain space, and he helps to build diverse networks to achieve high-impact goals. With 10 years of experience in business development, marketing and operations, he fosters strategic partnerships and grows virtual and in-person communities. Armed with technical knowledge and industry expertise, you can speak to a diverse team of your grandma about the value of your tech stack, or your dev team, which we’re gonna learn about what that means. He is an entrepreneur, he’s from the great state of Wisconsin. You’ve seen the show, Silicon Valley, he looks like one of the cool guys on there anyway. Welcome to the show with me, Dan Edlebeck. Dan, how are you doing?

Dan:

Brett, how’s it going?

Brett:

Great to get a chance to spend some time with you. You’re, you’re out of your bunker in Puerto Rico anyone who’s in Puerto Rico, who’s for, the ocean, the beach, or maybe even the taxes? Where a friend of how is Puerto Rico these days?

Dan:

It’s awesome. I don’t know if you can see my curly hair blowing a little bit. But there’s an ocean breeze literally coming through my window. It’s something like 85 degrees, they just have the ocean breeze taking care of the situation.

Brett:

Phenomenon versus Wisconsin in the perhaps the winters. That’s probably a stark difference there. But more on that layer. But in the meantime, would you get our give our listeners a little bit more about your story and your current focus?

Dan:

Thanks, Brett. I’m the CEO of Exidio. We’re a software development agency. We’re global, but we have a lot of our team in India. Our blockchain Development Agency is building tooling on blockchain-based networks, you might have heard of Bitcoin or Ethereum. Those are layer one blockchains. But they have certain limited capabilities. There’s a really interesting layer one blockchain called cosmos, and it’s focused on your and operability. Speaking from one blockchain to another blockchain having the ability to communicate and interact, and we have helped build on the cosmos blockchain our own native blockchain called the Sentinel Blockchain. What Sentinel is a peer-to-peer network for people to offer bandwidth to a marketplace and people to route their traffic through that bandwidth? You can kind of think of like the Tor network or just a VPN (Virtual Private Network). This peer-to-peer bandwidth network is the base layer framework. Then if you Brett wanted to start your own VPN company, and instead of running your own servers and managing them, you could leverage the Sentinel network that already exists, peer-to-peer bandwidth, and use that as your base layer infrastructure, and then be able to sell your VPN subscriptions to users in a decentralized and open-source manner. If you want to do that, you can hire my company in Exdio, and we can help you with the onboarding and the infrastructure and integration onto the network.

Brett:

We’re gonna dive into those technicalities and try to unpack that for our listeners and for myself, but and by the way, we’re also going to talk about how that applies to blockchain-based infrastructure for your finances, and how to protect and build things that aren’t going to be more let’s say hacker resistant, because the security of finances and transferring your funds is more important than ever, with all of the attacks. We’re going to touch on that here in a minute. But Dan, I want to take one other step back and I want you to take us back to the Wisconsin days, perhaps it’s high school, and your class, or even the university days and your younger self. I believe we’ve all been given certain gifts in this life, and this gives us to be given to us to be a blessing to others. Some people call them strength, some calm superpowers. But I’m curious, what are those one or two gifts that you believe you were given? How’s that help how you help and bless people today?

Dan:

I feel really blessed myself. Growing up in Wisconsin growing up with a family that I feel very close with, I feel very fortunate to have three amazing sisters, two amazing parents, and we also took in foster kids, and it was just a home full of love and full of acceptance and a follow of encouragement, and one thing that I always look up to my dad and I’m sitting here with my wife, and we’re talking about having a family one day and I really look up to my dad a lot and the way that he carries himself and the way that he connects with other people and the way that he was a father and I want to be a father like him one day, but I do believe that I’m trying my best to follow in his footsteps in steps in connecting with people and understanding what makes people tick. What what are people’s passions, listening to people and understanding who they are and kind of where they come from. I like that you’re kind of getting into my Wisconsin story. It’s that’s kind of how I always like to connect with people as well.I definitely think that I’m understanding us as humanity and taking the time to get to know one another is where I think my strengths lie, and I’m in a tech company, I’m not a tech leader. But I’m more of a people person and can galvanize and I can do the sales and the marketing and, and share the message.

Brett:

Connection, and it sounds like you got a good mentor and father, and your dad who helped to teach you about how to get to know and connect with people accept people encourage people. Is that a fair summary?

Dan:

Absolutely.

Brett:

Now let’s dive into blockchain-based infrastructure for your finances, and or unpack a little bit what you said in the very beginning about, about the practical application, and you might even go ABCs, like, what is VPN? Some people may not want a VPN is why is it needed and well, it’s kind of a challenge now, then how are you solving that with what you’re doing?

Dan:

VPN is a widely adopted consumer product. People that use social media networks, or use email, this is becoming an absolute product, especially as the world moves more online, and we were operating remotely, we need to have secure networking online, we’re able to need to be able to get access to censorship, censorship, resistant content, and VPNs are a means to do that, and so you’ve probably heard of Express VPN, or Nord VPN or tunnel bear. It’s a really big and booming industry, I believe in 2016, it was a little like $15 billion industry, and last year, across 30 billion in four years at a double then I think by 2027, it’s expected to be over $107 billion industry. It’s an incredibly exploding industry, but it has its own challenges. Use a VPN, to be able to route your traffic through someone else’s IP address.

I’m here in Puerto Rico, but maybe I want to get access to Netflix in the UK because it has a show that I don’t have here on Netflix, I can connect to someone else’s IP address in the UK, and be able to route my traffic through that IP address, and now I’m able to get access to that content, and it could be as something as mundane as access to Netflix content, or it could be something as important as access to Wikipedia, or more authoritarian regimes that don’t allow access to content, and that’s the purpose of VPN, and another purpose, the VPN is not when I’m writing my traffic through the UK IP address, my home internet service provider Comcast, or Verizon or at&t, they, they are not the ones that have the exit node, the exit information about my metadata, so they can’t be tracking on my internet usage and reselling it or doing whatever they want with that content. I think that’s really unique, and it’s really important, and so we’re seeing a huge uptick in growth and demand for VPS.

Brett:

Let’s go right into like, what, what’s the difference now? What, how would the blockchain infrastructure? How’s Exidio kind of transforming that or making that better?

Dan:

You’re right on point. The centralized VPN structure that we’re used to using Nord or Tunnelbear, they now are the company that is at the end of the chain that could be selling and reusing your data. A lot of VPN companies claim that they like or not logging data and that they even said that they’ve had 33rd party audits that prove that they’re not logging user data, but you can’t prove it, and actually, there’s been a lot of hacks, and it’s been proven that actually VPN companies, the one company we’re trusting for our privacy online, is taking advantage of that, and is logging our data or reselling our data. But in this infrastructure in this architecture, with leveraging the blockchain in a peer-to-peer fashion, that’s impossible. There is no one company. I’m the CEO of Exidio, we’re a software development agency building on top of this network. But you know, as a CEO video, I could not shut down the Sentinel peer-to-peer bandwidth network. If you think of it like you and me, I can be routing your traffic, my traffic through your internet connection through your IP address, and so you would be offering a note to the network instead of tunnel bear offering it themselves.

With this peer-to-peer architecture, there is no one company at the end of the line that can shut down the network or can log user data. The blockchain is used in this structure. That when you’re offering a node Brett, you’re putting it up to the blockchain, and you’re posting the details of your node, your IP address, your throughput, your latency, all the details of your internet connection that I might want to route through, that’s posted on the blockchain, and then the application I’m using via the iOS app or being on my computer. That’s my VPN app that’s connecting to the Sentinel network. The only reason it shows your IP details in your note is that it’s calling the blockchain via API, and it’s leveraging the information on the blockchain. as long as the blockchain has no blockchain itself is active, and that continues to produce blocks, then the information of all the nodes that are on the network will continue to Exidio. It’s a really resilient network.

Brett:

Let me try to unpack that a little bit to make sure I understand it, or if it’s one big group that’s routing everything through that one group potentially could be hacked, therefore it’s not diversifying the risk as much versus If it appears, hundreds of 1000s to millions of users, and it’s routing smaller amounts of information or someone else is able to protect is that am I unpacking that curricular? What am I wrong there?

Dan:

For the most part, but the difference is that there is no company at all that can log user data, and in this peer-to-peer network, there is no, it’s impossible, and it’s impossible to shut down the network itself. It’s incredibly resilient, and it’s probably unencrypted.

Brett:

Then so now let’s apply that to or keep going on what else? What else that you’re helping people to do that. We kind of get the technology kind of the need there. Walk us through like, okay, someone’s like, I think I need that I want that, or I want a higher level of security versus just the traditional VPN. What does that look like by working with your company?

Dan:

If you’re a consumer, and you just want to have better security and privacy online, you should use applications that are leveraging the Sentinel, peer-to-peer network. I’m one of those applications as a company my company Exidio do we built an application called the Sentinel DVPN, and it’s currently on iOS and Android, and it’s also being developed on desktop, and we are actually upgrading our mobile applications right now. But you can go find those on the mobile app stores right now and download them. Another company is called Elysium, and they’ve built on the Sentinel network on the sensible framework, and their application is called the Velocity VPN. Those are two VPNs, and in the future, other companies might want to leverage this infrastructure instead of building and maintaining their own infrastructure, and actually, there’s a cost-benefit to doing so. The economies of scale, leveraging a global network, and if you want to do that, then you can leverage video and we can help you with that onboarding process and making sure that the application that you bring to market functions the way that you want it to

Brett:

I want to just take I have McAfee is the Norton anti-virus McAfee Avast. There’s different like, it says, software gets malware protection. Could you kind of separate the two or walkthrough one versus the other? Why do you need both? Or how does that work?

Dan:

You definitely need goals. A malware application is our antivirus application is scanning your computer for any attacks and protecting against any malicious activity on your computer. Um, McAfee himself is a crazy guy, and obviously rest in peace but that guy was revolutionary in his day and also was very active in the cryptocurrency space, but that is completely separate from a VPN is to able to get table obvious, get your information online, and that your internet service provider like Comcast can’t log and track you, and also to be able to get access to content you couldn’t otherwise I don’t know if you’ve ever read a blog on medium.com on the medium is one of the biggest blog websites on the planet, and anyone in Vietnam can’t get access to all of the blogs on medium.com. We think of China and the CCP and kind of their level of surveillance. But really, there are levels of surveillance around the globe that deny people access to free information and sovereignty online. VPN provides you access to that.

Brett:

We’re getting some freedom for information, freedom from our data being logged sold, and and and perhaps taken advantage of, and Is that a fair summary so far? That’s really cool. I love it. I love the application of blockchain and crypto in the world that is changing rapidly, and the old way of doing things versus the new way. Anything else to add on Exidio, and even maybe a company or, or someone like. Who’s your ideal customer right now, like you say, they have this, this and this, and this is what they’re looking for, and I can help you right now with that.

Dan:

There are two customers on b2c. Anyone that’s looking for a VPN application and wants to be able to have access to better privacy and better, better access to content online, and the applications that we built the Sentinel DVPN or even other applications that have been built on the central network, that would be any consumer that’s looking for a VPN, and there are hundreds of millions of people around the globe that are using VPN. The other consumer, the other customer, would be our b2b net will be any company that wants to already that already exists as a VPN company, and they want to move their infrastructure into managing all their own nodes and using cloud servers on that could potentially shut them down and are expensive to leveraging the Sentinel peer-to-peer bandwidth network as their base layer infrastructure, or any entrepreneur that wants to start their own VPN company and wants to leverage this network to be able to build VPNs for their product for their customers.

Brett:

Let’s talk about that last one because it’s kind of fascinating to think about that. I mean, you kind of mentioned before, maybe a little bit, but let’s dive in a little bit deeper. I have a company Capital Gains Tax Solutions, and I have clients and strategic partners, and so what would be the advantage for me offering that to my clients, customers, and strategic alliances?

Dan:

Sure, well, I think you’d have to look into your business model. If building a tech solution, like a VPN is something that your customers your audience, or your customers would be interested in, then if you want to build a VPN, or you want to bring that product to market, this is a perfect solution to do. You have a growing robust peer-to-peer network, and you’re not relying on building up your own cloud servers, and another challenge that actually happens is if you were to go independently and say you use Microsoft Azure, or you use AWS, as your base layer infrastructure, that is hosting all your nodes, you might get started getting pinged as a VPN company, and so the IP addresses that you’re using to offer to your user base to be able to route their traffic through are getting blacklisted as IP addresses that are associated with a VPN, and now when I want to route my traffic through Netflix and be able to get access to the UK is Netflix, I can’t with your service, because your services already getting identified as a VPN that is blacklisted from Netflix. It’s not only it’s cheaper, and it’s more resilient, but it has a long it’s, it’s got a more robust infrastructure to be able to build it.

Brett:

I’m trying to think of the connection here too. We have online educational portals where people log in and learn about what we do. We have the podcast, we have the YouTube channel, we have different videos ebook, different things, but a lot of its service base, it’s not necessarily that all the funds are transferred via banks and big financial institutions. We don’t like to hold the money at where we’re out, everything’s protected outside of us. But so I don’t know if that’s if you say, well, we can use the VPN for your internal logins for educational platforms it would that be a good application to that or no,

Dan:

You could build your own white label VPN, for the capital gain solutions, podcast, or for your user base, and it can be branded as your VPN, or you could just point your users to say, hey, I’d recommend that you use this VPN, to have a better private experience online. But that could be up to you. But um media agencies that have a large user base, that might be something they natively offer, you’re starting to see web browsers, I don’t know a brave browser. It’s actually a blockchain-based browser started by the founders of Mozilla and really, really impressive tech, and they’re offering native VPN directly in the browser, and so we’re seeing more web-based and media agents, the services that are looking to provide better solutions and product offerings to their user. A VPN is definitely within the wheelhouse.

Blockchain Based Infrastructure for Your Finances With Dan Edlebeck

Blockchain Based Infrastructure for Your Finances: “Earn as much as you can, save as much as you can, invest as much as you can, give as much as you can.” – John Wesley

Brett:

By the way, you can learn more about Dan Edlebeck Exidio.co, then what was the reason for that name?

Dan:

It’s Exidio. It’s a mix of Latin words, meaning shield and meaning defense, and I was just, I wanted to have something that was unique, probably would do well search engine optimization, because it’s unique in its name, and also has meaning behind what we’re doing. The network that’s built down is the central network. A guard your privacy, guards your security, and provides sovereignty for you online, and in that same vein, I wanted to find something that had those same routes, and look to Latin dictionary to kind of figure out where the North Star was. I love it, man.

Brett:

I think it’s really cool. It’s really fascinating. I’m a total newbie in that whole world. But I’m willing to learn I want to learn it’s really cool. Let’s shift a little bit now too and curious what your take on this will test your knowledge here. When it comes to kind of the infrastructure for finances so we kind of talked about VPN, the challenges with it selling information, data, and then and then now building the infrastructure for perhaps your finances. Maybe we can how would somebody apply what you’ve been talking about for their finances for how they have their money for I guess cryptocurrency trading, like, give us the practical application of if Exidio for building a blockchain-based infrastructure for your finances?

Dan:

That’s definitely not a core focus of Exidios. It’s something that I can speak of Exidio is on a core piece of what I define as the web 3.0 or the decentralized web, you’re talking about how blockchain is is disrupting a lot of industries, and we’re actually doing that action in the VPN space. Instead of having one company that’s centrally controlling all their servers, we’re decentralizing that leveraging the power of the network, the power of the people, and the infrastructure that we already have in our homes. If you offer a known threat to the network and offer your excess bandwidth to the network, and I route my traffic through your network, you actually earn tokens, DVPN tokens, which are blockchain-based crypto tokens that you can use and trade and you can use to pay for VPN, you can sell them on the open market, and so they’re a financial asset. This is a process and a project that offers native passive income for people that are using their excess resources. Instead of putting your house up on Airbnb and earning revenue that way or putting your car up on Turo and earning revenue that way, and you’re putting your access bandwidth up to this marketplace, and earning revenue that way, that’s really cool.

Brett:

It’s really fascinating. I got my buddy, he’s building out these Ethereum units he calls in, and he’s looking for like the lowest-cost electricity in the area, and I live in Roseville, and we have like a city-owned utility. It’s like half the cost of most places around here, and he’s gonna place in Roseville. I can like, get all my units set up. I’m like your units. He’s like, we’re mining theory, and I’m like, that’s incredible, and he’s telling you this whole thing, and what you’re saying is, well, not only can you do that which, which you might have some thoughts on, but second, you can basically use your excess bandwidth to, I guess, loan out or give to people who need it or want it in an exchange, you get tokens, and those tokens can turn into money.

Dan:

Instead of mining Ethereum leveraging sick miners or GPU miners, you’re using your excess bandwidth, your already existing modem in your house, and you’re mining DVPN n token, you’re mining your bandwidth, and you’re supplying that to a network and you’re generating passive income.

Brett:

And it’s safe. You would put yours up tomorrow, you’d be like, or it’s already up, you already doing it.

Dan:

It’s a quick you definitely want to make sure that your node has consistent uptime, that you’re able to provide a stable, a stable connection to the network, and then you want to think about making sure that you’re, that you’re that this is the right thing you want to do, if people are running the traffic through your node, you’re not able to see them or see what they’re doing or stop what they’re doing. There has been a legal precedent that’s been set, that if there is a nefarious activity that’s going through someone’s IP address, and you just simply comply with the authorities, if the authorities were to come to you, and you explain that you’re, you show that you’re part of a distributed network, and you’re not personally held liable for that content, and that’s similar to the Tor network, which already exists. This is like the Tor network, which you may or may not be familiar with. But it’s an incentivized Tor network.

Brett:

Another, it’s like a whole nother part of my brain exploded here, and just hypothetically, like, I’m sleeping, in between this hour in this hour, my whole family is we’re not on the iPads, not on the Netflix, not on whatever I do on the computer. I can say like, between this hour and this hour, like we’re not using anyways, go at it, and we have, maybe we have no cap where we live, or we pay a big money for an unlimited amount of bandwidth is what’s the downside.

Dan:

It’s just that this hasn’t been accomplished and done yet, and it hasn’t scale. This is the power of decentralized networks, and this is what we call web 3.0. This is where we’re headed, and just like you need to protect yourself, in the analog world with your finances and with your security. You need to protect yourself in the metaverse in the web 3.0, and we’re moving towards the digital world, and we’re moving towards digital art and digital finances, and I don’t know if you’ve heard of CBD’s Central Bank digital currencies. China’s already far ahead with its digital Yuan United States is developing a digital dollar, and we think the dollar is already visual. You can transfer from your Schwab account to your JPMorgan account. It’s digital in that sense, but it’s not truly digital. It’s not digitally native-like Bitcoin is, but we’re moving central bank digital currencies digitally native, and the DCEP the Chinese digital Yuan is already multiple years in the making, and our world is moving digital, and you need to be able to secure yourself in the digital world just like you are in the analog world.

Brett:

I can see how you’re changing the world what you’re doing Dan in your brain and your expertise is needed. Now let’s take another little shift and we’re going to apply it to capital gains tax rates because people are going what why am I listening to this? Well, it’s going to all come together right now. Because a raise your finances as protection beats building your business. Hopefully, you’re seeing all those things. We don’t just talk about capital gains tax here. But we do have one question and it’s a big question we try to ask every guest is. Dan, what’s the biggest frustration for yourself friends, or family when it comes to selling your highly appreciated cryptocurrency and Deferring Capital Gains Tax and you might say, Brett, I haven’t sold yet or I haven’t I pay a bunch of tax or we don’t have a good solution but there’s anything kind of come to mind when it comes to your capital gains tax on the sale. You live in Puerto Rico. Maybe you are on your way. Are you already way ahead of us on this?

Dan:

It’s definitely something that I think about a lot, and I’m very heavily involved in making sure that I’m being smart about my finances, I’m reporting all of my income and in the cryptocurrency space. Let’s just say we were talking about your mind, in your bandwidth, you’re offering bandwidth to the network, you’re gonna pay DVPN tokens, you’re getting those at a zero-cost basis. You’re essentially it’s, it’s, it’s received a standard income as taxable reportable income versus received as cap Capital Gains appreciation. You need to be smart about your structuring of how you’re dealing with cryptocurrencies. Your buddy that was mining Ethereum that’s a call to proof of work system because he’s physically doing work computers basically doing work to mine Ethereum. But actually, I don’t know if, but in 2022, if you’re going to switching, it’s no, he’s no longer going to be able to mine a theorem, that’s going to stop it switching to proof of stake instead of proof of work, and in a proof of stake system, you put your Ethereum up and lock them in a contract and a smart contract, and in doing so they’re no longer part of the circulating supply. It’s yours artificially like decreasing the circulating supply, which can potentially have positive impacts on the price because there are lots that are circulating less that can be sold, and in doing so you earn a return for putting those tokens up for staking.

What you’re doing is securing the blockchain instead of by doing proof of work with async miners and hardware miners, you’re doing it by staking your tokens, and that’s actually the same architecture that the Sentinel blockchain is that the DVB n tokens, and when you stake your tokens and you secure the network, you’re earning that reward, you’re earning your staking rewards, essentially, like if you had a high-interest savings account, but you need to pay standard income for those capital gains. You need to be very intentional about the income that you’re receiving, and how you report that accurately and making sure that you’re in kosher with the IRS, and actually, my biggest frustration, is the lack of transparency and the lack of clear lines that our US regulators have put in the sand in this cryptocurrency ecosystem. There’s a lot of gray areas, and actually, this was the $3.5 trillion infrastructure bill that was just negotiated in the Senate that was held up by multiple days, and one of the biggest reasons it was held up was actually the advocacy of the cryptocurrency space, held that bill up for multiple days because a law passed that is completely illogical, and it makes no sense, and that’s because of the lack of information and lack of education of congressmen and women, and they put a law into effect that is, and so if you are like your buddy, mining cryptocurrency, he soon as of 2023, if this law were to go into effect, and he doesn’t get changed, will be considered, and when you do apply for a broker-dealer license.

You do apply 1099 for everyone that is buying the Ethereum tokens that he’s mining, which is literally impossible, and this was just passed in Congress. My biggest frustration is a lack of transparency, the lack of clarity, and the lack of education of lawmakers, and it’s a lot it’s not just the house of the Senate, it FINRA is the SEC, it’s the CFTC Bitcoin is a commodity, but then other cryptocurrencies sometimes are considered securities, it’s very gray, and we need to get more clarity so that we’re able to operate a lot of companies and a lot of innovation has left the United States, my company, we’re out of the British Virgin Islands, and we’re operating our other subsidiary in India, and we don’t really operate in the United States, because the policy is not friendly to this innovative technology, and so that’s my biggest frustration, and I think that that’s probably I probably echoing everyone in the cryptocurrency ecosystem in saying that that’s the greatest area for the opportunity and the thing that lawmakers should get right, you don’t want to stifle innovation by shutting it out. Obviously, one last thing that’s happened to China very recently, all of the miners have been exiled from China, China made it illegal for your buddy that’s mining Ethereum. If he was in China, you’d be gone. Over I don’t know how much it is 100 billion, maybe hundreds of billions of dollars that exited the Chinese economy, because they made that process illegal, and some have gone to Mongolia and going to nearby countries. Some of them shut down their business forever. Some of them are moving a lot moving to the States. States was is trying to be friendly in this space, but it still has a lot of area for growth, as far as clarity and regulation.

Brett:

Thank you so much for sharing that, Dan. That’s I feel like you should be sitting at Congress or the Senate and giving that dissertation right and breaking that down because it’s the future it’s here it’s already happening and the stakes are high if we don’t get this and you right, we don’t want to stifle innovation and technology where the world’s going and you having to go to the US Virgin Islands. Puerto Rico in India and move out. But the future’s here and I hope I hope they do create more transparency, more clear lines, and they get educated and they get, they get their act together. But that’s a whole nother topic for another time and we’re running out of time. But I do want to let people know if you are listening to this and you’re struggling with Capital Gains Tax on the sale of highly appreciated theory and Bitcoin cryptocurrency, we do have a solution called the Deferred Sales Trust.

In fact, we closed our first one, just two weeks ago, and it’s the first one we know in the history of Deferred Sales Trust. first sale trust goes back 25 years 1000s of closes billions under management. Basically, you can sell high is something that’s how you appreciate and defer the tax. You can move it into real estate stocks, bonds, mutual funds, you can start a new company business, ground-up development, hard money lending, you can do a lot of stuff to create some cash flow and some diversification all tax-deferred. This particular couple bought a theorem for 100,000.

Dan, check this out, they will get work to 13 million 100,000 30 million over about a 567 year. Mr. anymore, and can you still hear me? Then it’s worth 13 and they took about 5 million and they sold off the 13 or so deferred at all and they’re gonna they’re investing and it’s going to be enabled him to retire to spend more time with our family to get some cash flow to get a little bit out of the highs and the lows of the theorem market, and that’s a nice solution for those who are looking to sell again, you’ve got a capitalgainstaxsolutions.com. That being said, Dan, are you ready for the lightning round?

Dan:

Let’s do it.

Brett:

All right now he wants now if you go back to your 25-year-old self, what’s the one Golden Nugget Make sure to tell yourself to do?

Dan:

Just enjoy the moment.

Brett:

Second question, what’s the number one book you’ve recommended or gifted the most in the past year?

Dan:

In the past year? I’m not even really sure. I think that You Are A Badass by Jen Sincero was a really good book.

Brett:

Last question. How do you stay centered in your values and encouraged charged for to reach new goals after everything you’ve accomplished? everything you’re building? What keeps you kind of centered and grounded?

Dan:

I think that I’m always reaching higher I don’t, I don’t get late. I don’t get rest on my laurels. I get excited about it every day. When I wake up, and I’m excited and that’s all I need.

Brett:

Beautiful Dan, for our listeners, want to get in touch with you what’s the best place to find you.

Dan:

You should come to my Twitter it’s @DEEEDLE. Or you can just shoot me an email at dan@exidio.co. When you check out our website.

Brett:

Perfect. Dan Edlebeck, I want to thank you for being on the show for sharing so much wisdom dropping so much wisdom and knowledge on the crypto or blockchain world. I would encourage you to keep being a connector. A person who can love encourage and help people get freedom with blockchain with finance with crypto all of the things that we talked about, and I want also to think our listeners for listening to another episode of the Capital Gains Tax Solutions Podcast. As always, we believe most high net worth individuals and those who help them they struggle to clarify their Capital Gains Tax Deferral Options not having a clear plan is the enemy using a proven tax procedure such as the Deferred Sales Trust is the best way for you to exit cryptocurrency business, real estate and defer the Capital Gains Tax so you can create and preserve more wealth, you go to capitalgainstaxsolutions.com we’re also streaming eXpert CRE secrets if you’re wondering why you’re hearing that they’re on our second podcast channel second YouTube channel because once the funds are there, as a Commercial Real Estate Broker, luxury realtor and or M&A Advisor you the funds can be used to buy more properties or business so it’s a great way for you to grow your business again go to expertcresecrets.com for that. Thanks, everyone for listening and we hope that you got some knowledge today please rate review, subscribe share this with somebody who can help out.