The Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.

**Sam Parr** (0:00)
All right, there's this amazing book called Getting Everything You Can Out of All You've Got. I read it a few years ago and it changed my life.
And the reason I loved it was because it basically talks about how to get and make more money using things that you already have.
Coincidentally, today's podcast is brought to you by Business Made Simple. It's a podcast by Donald Miller, who I'm gonna tell you about in a second, but he has this amazing episode that's all related to this book and the things that I learned in this book. It's called How to Make Money with What You Already Have. It's an incredible episode. It talks about all the stuff that I learned in this book. The host is Donald Miller. I didn't know who Donald Miller was up until recently, but over the last 12 months, this is totally by coincidence. It was all separate people. They said, you have to check out Donald Miller. He's amazing. So I'm happy that he's part of HubSpot's Podcast Network. You can check it out, Business Made Simple Podcast. It's where he coaches you on how to build your business like an airplane, where the cockpit is your leadership, the body is your overhead, the right engine is your marketing, the left engine is your sales. You have to check it out. This guy's amazing. It's called Business Made Simple with Donald Miller.
And I was like, wait a minute, Shaan. So you're telling me that there's a website that you invest money in.
You don't know who made it. It doesn't work a lot of the times and you can't get the money out, right? And he's like, yeah. I was like, oh, okay, got it. Just making sure we're on the same page here.

**Shaan Puri** (1:29)
What's up? Sean here, we have Sam and we got a guest. His name is Nader. I'm set it right because it's Nader like ladder. But people know you as Diamond Hands, if they've been following.
We did a section on the podcast, I don't know how many months ago, where I was like, hey, there's this thing that caught my eye. It's called BitClout.
And it's this crazy idea of a social network where it's almost like a Robin Hood meets Twitter. It's like everybody's got their every profile. Every person has their own coin and you can like invest in people and you can buy their coin and people's prices can go up or down as they get more famous.
And I said, you know, there was a couple, I said, I don't know if this is going to work, but I do hope that someday there's like a decentralized social network. So a social network that's not, you know, super top-down controlled the way Facebook is, the way Twitter is.
And this was the first credible attempt I had ever seen. I had seen some other experiments, but this is the first credible one where I said, oh, they have a growth hack. And the growth hack is that when I saw my profile, my profile was already created for me. It was a clone of my Twitter profile. And I think it had like $60,000 sitting in the piggy bank and it just said, claim it, verify your account, like claim it, and that money's yours. And I said, oh, that's gonna work. People are gonna respond to that kind of incentive. Sam did it too. Sam, you had, I don't know what, $50,000 of your thing. Sam claimed it, withdrew within a month or something like that. He bounced out of there. But so people will remember BitClout. You were the creator of BitClout. At the time, you were an anonymous account, only known as Diamond Hands. Now BitClout has been renamed to Deso, essentially, that's the new brand.
And you've come out in the public and now you're doing podcasts. So that's where we are. Welcome to the show.

**Nader Al-Naji** (3:14)
And why would we name it?

**Sam Parr** (3:15)
BitClout's awesome. That's a great name. I love that name.

**Nader Al-Naji** (3:20)
Yeah, man. I mean, so just for context, Sam and Shaan, thanks for that awesome intro, man. Yeah, I mean, so since early 2019, I've been working really on a blockchain that can power social networks, not just BitClout, but many other apps. Now there are actually over 100 apps being built on the actual blockchain itself, which we call decentralized social or Deso. And so BitClout was actually just the first app that really we launched on the blockchain. And so kind of after working on it for almost two years from early 2019, we were like, hey, you know, now let's kind of put all the features together that this blockchain can support into some kind of product.