The DLTx vision told by James Haft
A special message following the 2021 Q3 results from Executive Chairman, James Haft on the inception and momentum of DLTx’s vision.
The following text is a transcription of the video message from James Haft to DLTx’s shareholders and investors upon our public disclosure of our 2021 Q3 Financial Results Reporting. You can read the full summary here.
Good morning. My name is James Haft. I’m the executive chairman of DLTx. I want to start by thanking each and every one of you or for watching our online stream. David and I started this company as an idea two and a half years ago, and to be where we are now, we’re very proud to be in front of you and we’re very deeply appreciative of your support and attention, and your presence with us to understand what we’re trying to achieve and how we’re going to try and achieve this together.
We saw in the market that there was going to be the opportunity to be the leading company to take advantage of the decentralization of the economy and politics and the way that the world is working. We felt that this decentralization was going to have an impact all throughout our lives and that this created a unique opportunity in the capital markets to be one of the leading companies, if not the leading company, focused on creating opportunities for investors to be involved in these changes that are happening. And the nice thing is, that as we read the newspaper, day by day, week by week, month by month, and what will become, year by year, the vision that we saw for how the world is going to change is happening and if you look around you can see how it’s happening on a daily basis.
The easiest way to see it is in the increased discussion around Bitcoin. Humans are by nature… we think about money first. And so what’s being decentralized? Money’s being decentralized. Bitcoin is decentralizing money. And in the beginning, 3, 4, 5 years ago, 10 years ago when David first started in this, that decentralization was just a dream — it was a small idea and it was seen as a bunch of people off in the distance, banging a drum that you could barely hear. And now you can’t get away from the subject and how it’s impacting the US government, how it’s impacting the market for oil, and the market for computing and the market for the future. And so we’re very proud to be here with you now to talk about how we see this world and why this is an opportunity for us today.
One of our basic theories in how we’re performing and how we’re operating in this new decentralized world is to understand that algorithms and math are becoming the law of the future — they’re becoming the way you form agreement with third parties.
Less and less are people focused on the legal system and as you see the opportunity going forward in DeFi and in the Metaverse and in Bitcoin (which is money) and in storage (which is Filecoin) where we’re focusing. All of these businesses are following a route where there’s opportunities now to interact with a protocol instead of a business. So, the difference is, that a business has employees and has contracts and it changes its mind and there’s conflicts of interest. Protocols are mathematics. And so, we’re able to take a platform called a protocol and to do a transaction with that protocol, knowing what the outcome is. So, while the market is telling us you should pay a discount for doing business with the blockchain or doing business with protocols. We believe these deals are actually more secure, more interesting, more predictable and more scalable than the historic legacy way of doing business through normal contracts.
Our deals tend to be formed through what are called “smart contracts”. And the beauty of a smart contract is that it essentially entails in code and in the mathematics, if you do one action, what is the reaction of the protocol. It is predictable, it is transparent and it is scalable.
We found opportunities in Bitcoin and then in Filecoin, which is memory, which is storage. We found the opportunity to generate tokens at about a tenth of their market price and then to execute against those opportunities with 90% margins in scalable formats where we’re raising money using traditional financial vehicles and we’re then able to leverage those 90% margins to produce excellent returns for investors in the joint ventures generating very interesting residual interests for our business which we believe are scalable and growing.
Very excitingly, when you hear about our quarterly results, I think you’ll start to see that we are an iceberg, where you see the top of the iceberg and that iceberg is rising and you’re starting to see more and more of what’s unfolding below. We believe what we have here is a business model that is foreseeable and reliable and that we can actually see forward what our production is going to be.
I don’t want to post numbers now that are beyond what we should be discussing, but the idea is that if you looked at our information and you started to attach linear logic to our production and how things are spinning up for us and then imagine that we could add other joint ventures similar to the ones we have you’ll start to see a very understandable picture of the value that we’re building at the company.
I’m very proud to be here. I’m very much looking forward to what we can achieve next. I hope you’ll feel free to contact David or myself or Thomas or any of the management directly with questions or comments, we’re very open. We look forward to the partnership going forward into the future.
Community Links
Website: dltx.com
Twitter: twitter.com/joinDLTx
LinkedIn: linkedin.com/company/join-dltx
Facebook: facebook.com/joinDLTx
Reddit: reddit.com/r/DLTx
YouTube: https://bit.ly/dltx-youtube
DLTx on Euronext: https://bit.ly/dltx-trade-euronext
