1
00:00:01,000 --> 00:00:04,700
Yo, welcome to another episode 
of Simply Bitcoin IRL. 

2
00:00:04,800 --> 00:00:09,800
Today's guest is Matt Hill. 
He's a CEO of start9 labs. 

3
00:00:09,900 --> 00:00:11,900
One of my favorite companies in 
the space. 

4
00:00:11,900 --> 00:00:14,200
So many interesting things 
they're doing, they just 

5
00:00:14,200 --> 00:00:17,400
released the embassy Pro, which 
my opinion is going to change 

6
00:00:17,400 --> 00:00:18,700
everything. 
We're going to get to all that 

7
00:00:18,700 --> 00:00:22,200
but before I want to give a very
special shout-out to the company

8
00:00:22,200 --> 00:00:26,700
that powers the show Swan. 
Bitcoin.com, it's the best place

9
00:00:26,800 --> 00:00:29,100
to buy Bitcoin. 
So, on the best way to build 

10
00:00:29,100 --> 00:00:31,100
your Bitcoin. 
Back with automated Bitcoin 

11
00:00:31,100 --> 00:00:34,400
savings plans and instant 
purchases serving clients of any

12
00:00:34,400 --> 00:00:37,900
size from ten dollars to ten 
million dollars is accompanied 

13
00:00:37,900 --> 00:00:40,800
by bitcoiners. 
For bitcoiners, I highly 

14
00:00:40,800 --> 00:00:44,700
recommend them go check out Swan
Bitcoin.com today. 

15
00:00:46,000 --> 00:00:50,500
I want to say hello to my guest.
Matt, it's always a great time. 

16
00:00:51,300 --> 00:00:54,000
I don't think we've done a 
simply Bitcoin RL before I think

17
00:00:54,000 --> 00:00:55,700
we've just done the Regular 
Show. 

18
00:00:56,100 --> 00:01:00,300
But welcome man, and I'm and I 
was and I was telegraphing you 

19
00:01:00,300 --> 00:01:05,200
because you know, for a fact 
because you so to kind of give 

20
00:01:05,200 --> 00:01:07,300
everyone the the short story, 
right? 

21
00:01:07,300 --> 00:01:12,200
We were on the floor of Bitcoin 
2022 and I went to the start9 

22
00:01:12,200 --> 00:01:16,800
booth and Matt and I knew each 
They're from before, and I went 

23
00:01:16,800 --> 00:01:20,100
up to him and he's, like, Nico. 
I gotta tell you about the 

24
00:01:20,100 --> 00:01:22,800
embassy Pro and, you know, like 
I don't really buy things on the

25
00:01:22,800 --> 00:01:25,800
floor, but when he was 
convincing me was like, here, 

26
00:01:25,800 --> 00:01:27,500
taking, you know, that Meme take
my. 

27
00:01:28,700 --> 00:01:33,500
So, I, you know, I put money on 
the pre-sale of the embassy Pro 

28
00:01:33,500 --> 00:01:37,100
and I'm really excited for it. 
I'm really looking forward to it

29
00:01:37,100 --> 00:01:41,300
because one of the things guys 
that I have issues with with, 

30
00:01:41,300 --> 00:01:46,900
for example, Raspberry Pi as my 
node is Unfortunately it takes a

31
00:01:46,900 --> 00:01:50,800
long time to sink sometimes so 
especially if you've been using 

32
00:01:50,800 --> 00:01:55,200
that Bitcoin wallet for a long 
time, but the embassy Pro is a 

33
00:01:55,200 --> 00:01:59,500
Workhorse. 
I think it has a an I-9 in it. 

34
00:01:59,500 --> 00:02:03,600
Is that correct or an i7 7 and 
i7? 

35
00:02:03,600 --> 00:02:07,700
So what is the embassy Pro? 
What is your logic behind it? 

36
00:02:07,800 --> 00:02:12,400
And who's it for at? 
Give me one second. 

37
00:02:12,400 --> 00:02:15,000
I actually just had someone walk
in real quick so we're trying to

38
00:02:15,008 --> 00:02:17,400
join the Twitter. 
Basis so that we can be live 

39
00:02:17,400 --> 00:02:21,500
with the company account here 
and I'll good password manager 

40
00:02:21,500 --> 00:02:24,400
sharing issues. 
Yeah don't worry about it. 

41
00:02:25,400 --> 00:02:29,600
It stinks it stinks. 
Sorry question Embassy Pro who's

42
00:02:29,600 --> 00:02:30,600
it for? 
Why do we do it? 

43
00:02:31,000 --> 00:02:32,700
Yes. 
Was it for why we do it? 

44
00:02:32,800 --> 00:02:36,700
Why did you do it? 
Better said okay, because the 

45
00:02:36,700 --> 00:02:40,500
Raspberry Pi as more and more 
people are beginning to 

46
00:02:40,500 --> 00:02:45,300
recognize has some sort of 
essential shortcomings. 

47
00:02:45,500 --> 00:02:50,400
When It comes to reliability and
scalability of these self hosted

48
00:02:50,500 --> 00:02:52,300
software systems. 
The Raspberry Pi is really 

49
00:02:52,300 --> 00:02:58,700
designed for originally children
to kind of Tinker with many PCs 

50
00:02:58,700 --> 00:03:02,600
and learn how to do coding. 
And to you know host software 

51
00:03:04,200 --> 00:03:07,500
early on the Bitcoin ecosystem 
adopted Raspberry Pi's as the 

52
00:03:07,500 --> 00:03:13,700
go-to easiest cheapest yet 
adequately powerful way to run a

53
00:03:13,700 --> 00:03:16,100
Bitcoin node and to be fair 
that's True. 

54
00:03:16,200 --> 00:03:17,600
Right. 
Raspberry Pi's are fine. 

55
00:03:17,600 --> 00:03:21,200
In fact, the embassy one we 
continue to sell with the 

56
00:03:21,208 --> 00:03:24,100
Raspberry Pi as our single-board
computer base. 

57
00:03:24,500 --> 00:03:27,800
It just has its limitations and 
those come in a variety of 

58
00:03:27,800 --> 00:03:32,100
factors primarily from an 
inadequacy of power. 

59
00:03:32,300 --> 00:03:35,200
So for instance if you want to 
plug in like a big HDD or 

60
00:03:35,200 --> 00:03:38,600
multiple ssds into the Raspberry
Pi it's going to fail. 

61
00:03:38,900 --> 00:03:44,500
It just doesn't provide an 
enormous amount of actual power 

62
00:03:44,700 --> 00:03:46,900
to device. 
Is that are plugged into it and 

63
00:03:46,900 --> 00:03:48,900
so can lead to things like data 
corruption. 

64
00:03:48,900 --> 00:03:52,800
If you attempt to do that, 
number two is the CPU is just 

65
00:03:52,800 --> 00:03:55,400
not super strong. 
So when it comes to like sinking

66
00:03:55,400 --> 00:03:58,900
Bitcoin, that's going to be the 
primary bottleneck and you're 

67
00:03:58,900 --> 00:04:01,600
going to get synch times 
anywhere from like two days to 

68
00:04:01,600 --> 00:04:04,600
two weeks, depending on a 
variety of other factors like 

69
00:04:04,600 --> 00:04:07,300
bandwidth and whether or not 
you're running a four gig pie or

70
00:04:07,300 --> 00:04:09,900
naked pie. 
But anyway, long story short, 

71
00:04:10,200 --> 00:04:14,400
the Raspberry Pi just is kind of
a entry-level beginners device 

72
00:04:14,700 --> 00:04:19,000
and What we need for not only 
Bitcoin and lightning and all 

73
00:04:19,000 --> 00:04:21,200
these layer 3 applications that 
are coming online. 

74
00:04:21,200 --> 00:04:24,100
But also for just the whole host
of other applications out there 

75
00:04:24,100 --> 00:04:27,200
that have nothing to do with 
Bitcoin but are really important

76
00:04:27,300 --> 00:04:29,300
to the concept of self 
sovereignty. 

77
00:04:29,300 --> 00:04:33,500
Privacy censorship resistance. 
They just have, they have 

78
00:04:33,600 --> 00:04:36,800
compute and RAM and disk needs 
that the Raspberry Pi just 

79
00:04:36,800 --> 00:04:38,700
wasn't going to fulfill out of 
the box. 

80
00:04:38,700 --> 00:04:42,900
So we knew something more 
powerful was necessary and we 

81
00:04:42,900 --> 00:04:44,800
took the initiative to get ahead
of that. 

82
00:04:44,800 --> 00:04:47,300
I mean, way before, The industry
was even moving away from the 

83
00:04:47,300 --> 00:04:50,000
Raspberry Pi. 
We had the embassy Pro already 

84
00:04:50,000 --> 00:04:51,800
in the works already pre-selling
it. 

85
00:04:52,300 --> 00:04:55,900
And so we just we knew where the
where the trend was going and 

86
00:04:55,900 --> 00:04:58,900
decided to get ahead of it and 
put the best biggest baddest 

87
00:04:59,000 --> 00:05:01,600
thing out there. 
The embassy Pro is, you know, 

88
00:05:01,700 --> 00:05:05,900
like you said, it's an i7 32 
gigs of RAM comes with a 2 

89
00:05:05,900 --> 00:05:12,100
terabyte, nvme and it is based 
on pure isms pure OS, which by 

90
00:05:12,500 --> 00:05:16,200
as part of, as part of the boot 
loader, disables the Management 

91
00:05:16,200 --> 00:05:19,900
engine, which is sort of the 
known back door of Intel chips. 

92
00:05:20,700 --> 00:05:25,800
Purism has managed to disable 
that in firmware and so it's 

93
00:05:25,800 --> 00:05:30,600
also the most secure device that
you can get that, is based on an

94
00:05:30,600 --> 00:05:34,500
Intel chip. 
So, yeah, and that's exactly 

95
00:05:34,500 --> 00:05:36,700
what you told me on the floor, 
the Bitcoin conference and I was

96
00:05:36,700 --> 00:05:39,500
really excited. 
And what got me excited was when

97
00:05:39,500 --> 00:05:42,200
you told me he's like, because 
I'm an electron junkie. 

98
00:05:42,200 --> 00:05:44,600
I've been using it for a while 
and people like Sparrow Sparrow 

99
00:05:44,600 --> 00:05:48,200
Sparrow but I do It's my taste 
and you got to leave me alone 

100
00:05:49,200 --> 00:05:53,600
and the Raspberry Pi. 
It just takes so long to sink, 

101
00:05:53,600 --> 00:05:55,100
right? 
Especially if you've been using 

102
00:05:55,100 --> 00:05:58,400
that Bitcoin wallet for a long 
time and you just have all these

103
00:05:58,400 --> 00:06:02,000
addresses, it just takes at 
least a minute or two. 

104
00:06:03,000 --> 00:06:05,200
And then another thing that you 
were telling me that was really 

105
00:06:05,200 --> 00:06:08,100
fascinating, was this concept of
being? 

106
00:06:08,100 --> 00:06:10,400
And I know that you told me over
telegram, that it's not going to

107
00:06:10,408 --> 00:06:14,200
be available to quarter one, but
this being this, this ability to

108
00:06:14,200 --> 00:06:18,700
be able to connect to your Our 
node remotely over clear net. 

109
00:06:18,700 --> 00:06:22,500
And you were telling me on how 
you were going to do that behind

110
00:06:22,500 --> 00:06:25,400
a domain and all these very 
interesting stuff. 

111
00:06:25,400 --> 00:06:27,500
So, could you tell the audience 
about that? 

112
00:06:27,500 --> 00:06:31,200
Because I think ideally, that's 
what I, that's what I've been 

113
00:06:31,200 --> 00:06:35,000
looking for a long time, right? 
You know, if I'm overseas, if 

114
00:06:35,000 --> 00:06:37,400
I'm traveling, which I do a lot,
right? 

115
00:06:37,400 --> 00:06:41,800
And, you know, I spin up my my 
electrum wallet, unfortunately, 

116
00:06:41,800 --> 00:06:45,000
you know, I'll connect either 
you could do through tour, but 

117
00:06:45,000 --> 00:06:46,800
just kind of Of. 
Yeah, you know it's kind of very

118
00:06:46,800 --> 00:06:51,800
slow or what I mostly do is of 
course, you know I have 

119
00:06:51,800 --> 00:06:55,700
different Bitcoin wallets. 
I turn on a VPN and I just use 

120
00:06:55,700 --> 00:07:00,000
the block stream the block 
stream electrum server right and

121
00:07:00,100 --> 00:07:02,100
that sucks, right? 
Because you're doxing some of 

122
00:07:02,100 --> 00:07:05,900
those Bitcoin addresses to block
stream and oh, I love Adam. 

123
00:07:06,000 --> 00:07:09,400
I think it's a great company but
still ideally, you know, this is

124
00:07:09,400 --> 00:07:11,600
Bitcoin. 
You want to minimize that trust.

125
00:07:11,800 --> 00:07:14,500
So could you talk a little bit 
about that functionality that 

126
00:07:14,500 --> 00:07:17,500
you guys are looking to? 
Implement into the embassy Pro. 

127
00:07:18,600 --> 00:07:20,500
Yeah. 
And and to be clear, it will not

128
00:07:20,500 --> 00:07:24,100
just be the embassy Pro 
primarily and really almost 

129
00:07:24,100 --> 00:07:27,400
exclusively the value. 
Add that start9 produces is 

130
00:07:27,600 --> 00:07:32,500
Embassy OS, the embassy Pro is 
just a powerful Hardware device 

131
00:07:33,000 --> 00:07:35,500
that comes pre-installed with 
Embassy OS, but then you have 

132
00:07:35,500 --> 00:07:37,400
the MC 1. 
Both of these things will be 

133
00:07:37,400 --> 00:07:41,500
fully capable of serving over 
clear net as you described, but 

134
00:07:41,500 --> 00:07:44,100
I'll provide a little bit more 
background and context here. 

135
00:07:44,400 --> 00:07:50,900
So, Ali, we offered Embassy OS 
overt, or only. 

136
00:07:50,900 --> 00:07:52,900
So not even on the local area 
network of your home. 

137
00:07:52,900 --> 00:07:56,300
The only way to use your Embassy
and any of its installed 

138
00:07:56,300 --> 00:08:00,600
Services was Viet or V3 hidden 
URLs hidden services. 

139
00:08:00,600 --> 00:08:03,400
So, for instance, when you spin 
up your Embassy, it would spit 

140
00:08:03,400 --> 00:08:08,100
out a brand-new never before 
seen tour, V3 hidden service URL

141
00:08:08,300 --> 00:08:11,700
that you could then visit to 
administer your device from 

142
00:08:11,700 --> 00:08:14,500
anywhere including when you were
sitting right next to it. 

143
00:08:14,500 --> 00:08:17,500
And we started Way, because it 
was a plug-and-play had 

144
00:08:17,500 --> 00:08:21,700
built-in, not punching was 
Anonymous and private by default

145
00:08:21,700 --> 00:08:25,500
and it just worked, okay? 
It works slowly as most people 

146
00:08:25,500 --> 00:08:29,700
know about tour, but it did just
kind of work what we did 

147
00:08:29,700 --> 00:08:32,900
immediately after that was we 
went to the total other end of 

148
00:08:33,000 --> 00:08:37,500
the spectrum and implemented Lan
or dot local, support such that 

149
00:08:37,600 --> 00:08:41,400
if you happen to be next to your
device or on the same, local 

150
00:08:41,400 --> 00:08:45,500
area network Wi-Fi network, as 
your device then you could talk 

151
00:08:45,600 --> 00:08:48,900
Talk to it, not over the 
internet, you would just talk to

152
00:08:48,900 --> 00:08:52,200
it on the local area network, 
which is faster than clear that 

153
00:08:52,200 --> 00:08:55,000
because it's not leaving the 
network at all. 

154
00:08:55,000 --> 00:08:57,300
It's just the most direct 
connection you can have. 

155
00:08:58,300 --> 00:09:02,600
So the way it exists currently 
is that when you are home, you 

156
00:09:02,600 --> 00:09:06,000
use dot local for both your 
Embassy and all of its services.

157
00:09:06,000 --> 00:09:08,200
Each service gets its own unique
dot. 

158
00:09:08,200 --> 00:09:12,500
Local address, your Embassy gets
its own unique local address and

159
00:09:12,500 --> 00:09:15,500
then when you're on the go you 
access your Embassy and all of 

160
00:09:15,700 --> 00:09:20,000
Services from their unique. 
Dot onion URLs, and access it 

161
00:09:20,008 --> 00:09:22,800
over tour. 
So this is a nice dual strategy 

162
00:09:22,800 --> 00:09:28,300
for super fast and secure at 
home, super slow and secure on 

163
00:09:28,300 --> 00:09:31,500
the go. 
And what we need is things in 

164
00:09:31,500 --> 00:09:36,800
between, okay, because the 
trade-offs associated with using

165
00:09:36,800 --> 00:09:42,200
say clear net, like a.com domain
to access your Embassy and its 

166
00:09:42,200 --> 00:09:47,200
services on the go. 
Our minimum Amal for many people

167
00:09:47,200 --> 00:09:49,100
and in many use cases right 
there. 

168
00:09:49,100 --> 00:09:52,500
Are some instances where it's 
like absolutely not I'm not 

169
00:09:52,500 --> 00:09:57,400
allowing this thing that I am 
self-hosting to go anywhere near

170
00:09:57,600 --> 00:10:02,000
the DNS providers and 
certificate cabal that has come 

171
00:10:02,000 --> 00:10:05,700
to dominate what we call. 
Clarinet Clarinet, really being 

172
00:10:05,700 --> 00:10:10,900
defined as SSL plus DNS so when 
we say clear that that's what we

173
00:10:10,900 --> 00:10:16,000
mean we mean SSL plus DNS and 
both of those things involve A 

174
00:10:16,000 --> 00:10:20,500
trusted third parties, not that 
they can see everything that 

175
00:10:20,500 --> 00:10:22,800
you're doing. 
Not that there's necessarily a 

176
00:10:22,900 --> 00:10:26,100
huge privacy concern, but 
there's definitely censorship 

177
00:10:26,200 --> 00:10:29,300
concerns. 
There may be back doors that 

178
00:10:29,300 --> 00:10:32,000
were unaware of. 
So, it's just kind of this, like

179
00:10:32,000 --> 00:10:37,100
Realm of you can and probably 
will do it for certain things, 

180
00:10:37,100 --> 00:10:40,700
but it was super important for 
us to First build out, the 

181
00:10:40,700 --> 00:10:45,100
totally Sovereign, local area, 
network and tour points of 

182
00:10:45,100 --> 00:10:47,300
access. 
Us before building, something 

183
00:10:47,300 --> 00:10:51,000
that has any trade-offs at all 
with regard to privacy 

184
00:10:51,000 --> 00:10:53,600
censorship resistance and 
general sovereignty. 

185
00:10:54,100 --> 00:10:55,900
However, we are doing it and it 
is coming. 

186
00:10:55,900 --> 00:10:58,500
And one of the main reasons that
we're doing clear, net properly,

187
00:10:58,500 --> 00:11:03,600
defined like I just said, is for
businesses and content creators 

188
00:11:03,600 --> 00:11:07,500
and organizations of any kind 
because very rarely, are you 

189
00:11:07,500 --> 00:11:10,400
going to be a content creator 
and tell people that they can 

190
00:11:10,400 --> 00:11:15,400
find your blog or podcast on 
gibberish dot onion, URL. 

191
00:11:16,100 --> 00:11:17,700
On it. 
And by the way you have to use a

192
00:11:17,700 --> 00:11:21,400
Tor Browser that's just not 
you're not going to get a lot of

193
00:11:21,400 --> 00:11:23,800
followers, right? 
Because it's very esoteric and 

194
00:11:23,800 --> 00:11:26,700
kind of scary sounding and not a
lot of people are going to do 

195
00:11:26,700 --> 00:11:28,600
it. 
If you're an organization say 

196
00:11:28,600 --> 00:11:31,600
like a, you're not going to turn
to your congregation and tell 

197
00:11:31,600 --> 00:11:35,100
them all to download a Tor 
Browser and use that to access 

198
00:11:35,100 --> 00:11:38,200
the church you know, Community 
Forum so that they can talk and 

199
00:11:38,200 --> 00:11:40,200
interact with other other 
members. 

200
00:11:40,700 --> 00:11:43,800
So clear, net is the way here 
which is that in the near 

201
00:11:43,800 --> 00:11:45,400
future. 
As you said, q1 Target. 

202
00:11:45,500 --> 00:11:50,200
And next year, you will be able 
to reserve a clear net domain. 

203
00:11:50,400 --> 00:11:54,300
Either your own choosing or 
bootstrap one through start9. 

204
00:11:54,300 --> 00:11:58,700
Like you know, Nico dot start 9.
Me, or something like that in 

205
00:11:58,700 --> 00:12:04,300
order to host, both your Embassy
and its main dashboard as well 

206
00:12:04,300 --> 00:12:09,200
as any and every service that 
you choose to also strapped on 

207
00:12:09,200 --> 00:12:11,600
to that domain or subdomain 
thereof. 

208
00:12:11,900 --> 00:12:15,200
So, for instance, you will be 
able to let's say you're running

209
00:12:15,200 --> 00:12:19,300
an e-commerce. 
A store that sells stickers and 

210
00:12:19,300 --> 00:12:22,300
you don't want to tell people, 
to go to gibberish dot onion 

211
00:12:22,300 --> 00:12:25,300
domain to shop. 
You'd rather have them go to 

212
00:12:25,300 --> 00:12:31,600
store dot, simply Bitcoin.com 
and host. 

213
00:12:31,600 --> 00:12:35,000
Your self-hosted BT's Heap. 
A server store. 

214
00:12:35,200 --> 00:12:37,600
At that domain, you will be able
to do that. 

215
00:12:37,600 --> 00:12:41,900
Meaning it's being served from 
your Embassy, in your home, to 

216
00:12:41,900 --> 00:12:45,100
the world, at a very accessible 
clear net domain. 

217
00:12:45,100 --> 00:12:48,400
This also So does wonders for 
things like lightning where Tor 

218
00:12:48,400 --> 00:12:53,300
nodes can become unreliable and 
therefore lose reputation in the

219
00:12:53,300 --> 00:12:54,700
rankings. 
Clear. 

220
00:12:54,700 --> 00:12:57,700
Net is just more reliable, it's 
faster. 

221
00:12:58,100 --> 00:13:02,500
But again, it does come with 
this trade-off of you are. 

222
00:13:02,500 --> 00:13:06,600
Now involving we'll call it. 
The incumbents of the existing 

223
00:13:06,600 --> 00:13:10,700
internet, you are now involving 
the registrar's, and the DNS 

224
00:13:10,700 --> 00:13:14,200
providers, and the certificate 
authorities. 

225
00:13:14,400 --> 00:13:17,900
So it's not without Cost. 
Absolutely. 

226
00:13:17,900 --> 00:13:19,900
They mean and there's trade-offs
with everything, right? 

227
00:13:19,900 --> 00:13:22,100
I'm not an engineer, but I 
always say that in engineering, 

228
00:13:22,100 --> 00:13:24,800
there's trade-offs, there's pros
and cons, and I think that this 

229
00:13:24,800 --> 00:13:27,400
is no different. 
But again, I think that this 

230
00:13:27,400 --> 00:13:31,500
just adds more tools to the 
Arsenal for individuals to pick 

231
00:13:31,500 --> 00:13:34,500
and choose. 
Now, let's and is really 

232
00:13:34,500 --> 00:13:37,500
interesting, but we are talking 
about SSL and DNS, right? 

233
00:13:37,600 --> 00:13:41,800
And just because that's what it 
is, the centralization of the 

234
00:13:41,800 --> 00:13:45,400
current Internet and because of 
that centralization, right? 

235
00:13:45,500 --> 00:13:47,700
Right? 
It has inevitably been co-opted 

236
00:13:47,700 --> 00:13:50,900
by government, right? 
Is that something that concerns 

237
00:13:50,900 --> 00:13:53,100
you? 
Because the that's the vast 

238
00:13:53,100 --> 00:13:58,100
majority, you know, of Internet 
users that just how it works. 

239
00:13:58,100 --> 00:14:01,100
Right. 
We do know for example, the 

240
00:14:01,100 --> 00:14:04,400
hostility not only from Europe 
right saying that they want to 

241
00:14:04,400 --> 00:14:08,000
kyc certain software wallets. 
You had the digital assets 

242
00:14:08,000 --> 00:14:11,100
framework released by The Biden 
Administration. 

243
00:14:11,300 --> 00:14:15,000
Clearly there is hostility by 
governments. 

244
00:14:15,600 --> 00:14:16,800
Early. 
Because this is a threat to 

245
00:14:16,800 --> 00:14:20,300
their Monopoly, on the issuance 
of money and control of people 

246
00:14:20,300 --> 00:14:22,000
by having that Monopoly on 
money. 

247
00:14:23,800 --> 00:14:26,400
Does that concern you? 
And where do you see this going?

248
00:14:26,400 --> 00:14:28,500
Is this, and I've heard this 
before, Matt. 

249
00:14:28,500 --> 00:14:32,300
And perhaps, you could elaborate
on this, from what I heard is 

250
00:14:32,300 --> 00:14:36,100
it's really an arms race, right?
It's we must innovate faster 

251
00:14:36,100 --> 00:14:38,700
than they can regulate. 
So what are your thoughts on all

252
00:14:38,700 --> 00:14:41,300
that? 
What do you see your business is

253
00:14:41,300 --> 00:14:43,400
based on all this. 
So I'm sure that these are a lot

254
00:14:43,400 --> 00:14:45,200
of things that you've been that 
you think. 

255
00:14:45,500 --> 00:14:52,400
Out a lot. 
We do so clear, net and our 

256
00:14:52,400 --> 00:14:55,600
implementing. 
It is part of a much larger and 

257
00:14:55,600 --> 00:14:59,000
longer term strategy. 
We need adoption. 

258
00:14:59,500 --> 00:15:03,800
Okay we need people to adopt 
what is really radical 

259
00:15:03,800 --> 00:15:08,300
technology and oftentimes to 
Garner adoption of radical 

260
00:15:08,300 --> 00:15:12,700
technology. 
You have to make it somewhat 

261
00:15:12,700 --> 00:15:15,200
compatible with and familiar 
too. 

262
00:15:15,800 --> 00:15:20,300
Something that already exists. 
Otherwise it's just too scary. 

263
00:15:20,600 --> 00:15:24,700
Now for Hardline bitcoiners and,
you know, sort of our initial 

264
00:15:25,000 --> 00:15:27,700
market and community. 
And people who have supported 

265
00:15:27,700 --> 00:15:30,400
us, that's not such a crazy 
thing. 

266
00:15:30,400 --> 00:15:33,400
Like they're willing to go out 
on a limb and try something new.

267
00:15:33,400 --> 00:15:35,100
It's sort of what Bitcoin does 
to you. 

268
00:15:35,100 --> 00:15:37,900
It sends you down this rabbit 
hole and suddenly you're, you 

269
00:15:37,900 --> 00:15:40,600
know, there's the memes of 
somebody going from like a 

270
00:15:40,600 --> 00:15:43,300
corporate job with a tie on to 
just being like a hairy person 

271
00:15:43,300 --> 00:15:45,300
in the woods and that's what it 
does to you. 

272
00:15:45,500 --> 00:15:49,200
And so, but that's not the most 
most of the world right now and 

273
00:15:49,600 --> 00:15:56,000
you know we really to win this 
need eventually a lot of people 

274
00:15:56,600 --> 00:15:58,200
switching over to the new 
technology. 

275
00:15:58,200 --> 00:16:00,900
Otherwise the old technology 
will just persist through 

276
00:16:01,100 --> 00:16:03,900
inertia. 
And so while we're not 

277
00:16:03,900 --> 00:16:07,200
necessarily ready for Mass 
adoption right now, we have to 

278
00:16:07,200 --> 00:16:09,600
start taking measures to get 
ready for them. 

279
00:16:10,100 --> 00:16:15,300
And part of that is this clear. 
Net story of enabling people. 

280
00:16:15,500 --> 00:16:20,200
To self host on the existing 
internet as opposed to what we 

281
00:16:20,200 --> 00:16:24,300
currently have which is 
self-hosting on either the local

282
00:16:24,300 --> 00:16:26,200
area network of your home, which
is super lonely. 

283
00:16:26,200 --> 00:16:29,100
And allows you to interface with
things but doesn't allow others 

284
00:16:29,100 --> 00:16:35,300
to or two overt or which is not 
only sort of inherently slow. 

285
00:16:35,500 --> 00:16:38,800
But is also under attack and has
been for many, many months. 

286
00:16:39,000 --> 00:16:42,000
And so is very unstable and 
unreliable. 

287
00:16:42,600 --> 00:16:45,300
So what we need is something 
familiar. 

288
00:16:45,400 --> 00:16:49,800
Sure, that content creators 
businesses and other 

289
00:16:49,800 --> 00:16:52,900
organizations can get on board 
with what we need more than 

290
00:16:52,900 --> 00:16:58,800
anything is organizations and 
content creators who opted for 

291
00:16:58,800 --> 00:17:04,500
self-hosting, but their 
audiences and employees and 

292
00:17:04,500 --> 00:17:08,099
partners, or whoever they're 
interacting with, don't have to 

293
00:17:08,099 --> 00:17:11,700
know it, right? 
Like they shouldn't realize that

294
00:17:11,700 --> 00:17:13,599
it's totally Sovereign under the
hood. 

295
00:17:13,800 --> 00:17:17,300
These people, your followers And
the congregation members, for 

296
00:17:17,300 --> 00:17:21,700
example, should just feel like 
they're using a normal website, 

297
00:17:21,800 --> 00:17:27,400
not realizing that this website 
is private and self-hosted under

298
00:17:27,400 --> 00:17:29,400
the hood. 
And then gradually, they can 

299
00:17:29,400 --> 00:17:33,100
learn about this and then they 
themselves can adopt this 

300
00:17:33,100 --> 00:17:36,600
technology for their families. 
And then individual members of 

301
00:17:36,600 --> 00:17:41,700
these families can adopt it for 
themselves as an individual. 

302
00:17:42,800 --> 00:17:45,300
And so, we see it as that's the 
progression is. 

303
00:17:45,500 --> 00:17:48,600
As we go after the people who 
have reach and get them using 

304
00:17:48,600 --> 00:17:52,200
the technology, but in order to 
do that, it needs to be familiar

305
00:17:52,200 --> 00:17:57,000
to their audiences and then we 
sort of spread to the edges from

306
00:17:57,000 --> 00:18:01,100
there. 
So, that is why we're doing, 

307
00:18:01,100 --> 00:18:03,900
clear, net. 
We also recognize that there is 

308
00:18:03,900 --> 00:18:06,700
no future of this networking 
strategy. 

309
00:18:06,900 --> 00:18:13,500
We are out to destroy clear, net
wholesale over the next decade 

310
00:18:13,500 --> 00:18:15,200
or so it's going to take a 
while. 

311
00:18:15,400 --> 00:18:20,400
But that destruction or you know
replacement begins next year. 

312
00:18:20,400 --> 00:18:24,700
So internally I have been 
messaging to the team and and 

313
00:18:24,700 --> 00:18:29,400
will now begin messaging. 
Sort of externally that 2023 for

314
00:18:29,400 --> 00:18:33,800
start9 is the year of design and
it is the year of networking. 

315
00:18:33,800 --> 00:18:36,300
And when I say networking I 
don't mean like shaking hands 

316
00:18:36,300 --> 00:18:38,400
with people. 
I mean, networking strategies. 

317
00:18:38,400 --> 00:18:43,300
How can computers talk to each 
other? 

318
00:18:45,400 --> 00:18:47,400
Traffic in geographically, 
dispersed places around the 

319
00:18:47,400 --> 00:18:52,200
world without compromising on 
privacy and anonymity without 

320
00:18:52,200 --> 00:18:58,300
involving trust but gaining the 
benefits of clear, net speeds 

321
00:18:59,600 --> 00:19:03,500
and familiarity and it's a 
really tough problem to solve. 

322
00:19:04,000 --> 00:19:07,100
The good news is, is that there 
are multiple people working on 

323
00:19:07,108 --> 00:19:09,900
this problem. 
Okay, there's a whole category 

324
00:19:10,300 --> 00:19:15,300
of Technologies products and 
teams right now that are working

325
00:19:15,500 --> 00:19:20,900
On what ultimately amount to the
same concept, which is called 

326
00:19:20,900 --> 00:19:24,200
whole punching. 
This idea that you can perform 

327
00:19:24,200 --> 00:19:27,600
natural reversal that you can 
get a computer that is behind a 

328
00:19:27,608 --> 00:19:29,700
Nat basically behind a private 
Network. 

329
00:19:30,000 --> 00:19:34,500
And another computer that is 
either public like a public IP, 

330
00:19:34,500 --> 00:19:40,400
or is itself, also behind a Nat.
How do you get these two things?

331
00:19:40,500 --> 00:19:45,300
To not only discover each other 
in a decentralized trust list? 

332
00:19:45,400 --> 00:19:47,800
Way. 
But then actually communicate 

333
00:19:47,800 --> 00:19:53,000
with each other in an anonymous 
and private way and there's 

334
00:19:53,000 --> 00:19:55,900
there's a few different 
strategies off the top of my 

335
00:19:55,900 --> 00:19:59,800
head, forgive me, people, I've 
talked to, if I leave you out of

336
00:19:59,800 --> 00:20:02,900
this, there's a few that come to
mind. 

337
00:20:03,300 --> 00:20:07,400
So there is sink thing which is 
an existing application that 

338
00:20:07,700 --> 00:20:10,800
enables syncing across multiple 
devices. 

339
00:20:11,700 --> 00:20:15,100
There is ipfs uses, a similar 
hole punching. 

340
00:20:15,500 --> 00:20:19,100
Gee, you have things like in the
Bitcoin space, you have like 

341
00:20:19,100 --> 00:20:23,900
synonym dot to you have, 
impervious AI, you have Keat, 

342
00:20:23,900 --> 00:20:27,200
which is a peer-to-peer video, 
conferencing app that is built 

343
00:20:27,200 --> 00:20:30,300
on hole. 
Punch hole punch is a closed 

344
00:20:30,300 --> 00:20:32,700
Source piece of software at the 
moment. 

345
00:20:33,100 --> 00:20:36,400
So it's not recommended at least
until they open it up. 

346
00:20:36,600 --> 00:20:40,400
But is itself built on something
called hyper core and Hyper 

347
00:20:40,400 --> 00:20:44,800
cores this way of basically 
arriving at agreed-upon state of

348
00:20:44,800 --> 00:20:47,000
a system. 
Mmm without having to maintain 

349
00:20:47,000 --> 00:20:48,800
an entire history like a 
blockchain. 

350
00:20:48,800 --> 00:20:57,300
So hyper core in theory, kind of
obsoletes are kind of nullifies,

351
00:20:57,400 --> 00:21:01,700
many of the purported use cases 
of a lot of these altcoins or 

352
00:21:01,700 --> 00:21:05,300
networks that are like trying to
do super fast blocks and stuff 

353
00:21:05,300 --> 00:21:06,800
like that. 
We all know it's not going to go

354
00:21:06,800 --> 00:21:12,800
anywhere, but the idea of 
arriving at State without having

355
00:21:12,800 --> 00:21:15,000
this sort of Byzantine, you 
know. 

356
00:21:15,500 --> 00:21:20,800
Fault-tolerant consensus system 
underneath it, meaning it won't 

357
00:21:20,800 --> 00:21:25,400
resist a wholesale large-scale 
nation-state attack, but for 

358
00:21:25,400 --> 00:21:29,100
most use cases on most days, 
it's going to be perfectly 

359
00:21:29,200 --> 00:21:31,700
adequate for you on a private 
Network. 

360
00:21:32,200 --> 00:21:35,300
So I know that that was probably
a lot of gibberish. 

361
00:21:35,800 --> 00:21:38,800
Ultimately, what this amounts to
is this throughout the year of 

362
00:21:38,800 --> 00:21:44,400
2023, the number of different 
ways that you will be able to 

363
00:21:44,400 --> 00:21:50,300
access And use both your Embassy
and all of the services running 

364
00:21:50,300 --> 00:21:55,700
on your Embassy and the ability 
of other people to access and 

365
00:21:55,700 --> 00:21:58,700
use those Services if you so 
choose meaning, you want people 

366
00:21:58,700 --> 00:22:02,900
to shop at your store. 
The number of ways that that 

367
00:22:02,900 --> 00:22:05,200
will be possible are going to 
proliferate. 

368
00:22:05,600 --> 00:22:09,100
We are then going to take all of
these different networking 

369
00:22:09,100 --> 00:22:15,200
strategies liked or local area 
network, clear net, any form of 

370
00:22:15,600 --> 00:22:19,500
Hole punching, you know, which 
always involves some third-party

371
00:22:19,700 --> 00:22:23,500
server that stores. 
You know, ephemeral IP and Port 

372
00:22:23,500 --> 00:22:25,600
information. 
All of these things are going to

373
00:22:25,600 --> 00:22:27,500
be buried. 
We're going to offer you skate 

374
00:22:27,500 --> 00:22:29,200
them. 
We are not going to burden the 

375
00:22:29,200 --> 00:22:33,900
user with understanding anything
that I just said, Embassy OS 

376
00:22:34,500 --> 00:22:41,000
will dynamically assess the 
situation like who is trying to 

377
00:22:41,000 --> 00:22:45,900
access what and in what 
environment and ants and 

378
00:22:45,900 --> 00:22:51,400
essentially select the optimal 
way of connecting to that thing 

379
00:22:52,100 --> 00:22:58,200
maximizing for Speed, security, 
privacy and anonymity in order 

380
00:22:58,200 --> 00:23:01,600
to facilitate the connection 
without you necessarily even 

381
00:23:01,600 --> 00:23:03,800
understanding how that 
connection happened. 

382
00:23:04,500 --> 00:23:07,900
Obviously, if you want more 
granular control, you will be 

383
00:23:07,900 --> 00:23:11,200
able to have it as, and you can 
go in and disable or enable 

384
00:23:11,500 --> 00:23:15,300
different strategies based on 
your threat model. 

385
00:23:15,600 --> 00:23:20,100
And risk tolerance of course. 
And and I love this man and it's

386
00:23:20,100 --> 00:23:22,800
really fascinating and didn't 
sound like a bunch of gibberish 

387
00:23:22,800 --> 00:23:25,200
to me. 
I think what you're doing is 

388
00:23:25,700 --> 00:23:29,700
really fighting for because we 
kind of have to take a step back

389
00:23:29,700 --> 00:23:32,900
for people to understand how the
internet works today, right? 

390
00:23:32,900 --> 00:23:35,900
The internet works today where 
is if I want to message? 

391
00:23:35,900 --> 00:23:40,400
Matt, let's just the most simple
example really right? 

392
00:23:40,400 --> 00:23:43,500
You mean if I use signal, that 
is great even if I use 

393
00:23:43,500 --> 00:23:47,200
protonmail, which is great You 
know, they believe in encryption

394
00:23:47,200 --> 00:23:48,600
they don't want. 
They don't want to access your 

395
00:23:48,600 --> 00:23:52,400
messages. 
Unfortunately, I can't just send

396
00:23:52,400 --> 00:23:56,800
a message directly to Matt. 
It has to go from me to a signal

397
00:23:56,800 --> 00:24:00,700
server to a proton server and 
then it goes to Matt, right? 

398
00:24:00,700 --> 00:24:03,900
And what I believe what you guys
are fundamentally doing and I 

399
00:24:03,900 --> 00:24:07,500
think that the Bitcoin node and 
at love Bitcoin for this reason 

400
00:24:07,500 --> 00:24:10,100
is the Trojan Horse in all this,
right? 

401
00:24:10,100 --> 00:24:13,700
It's the reason as to why 
someone would run a dedicated 

402
00:24:13,800 --> 00:24:16,200
Computing device server, 
whatever You want to call it? 

403
00:24:16,200 --> 00:24:20,400
That's what I believe is the end
goal here. 

404
00:24:20,400 --> 00:24:24,600
Now, Matt, the thing that 
worries me and and something 

405
00:24:24,600 --> 00:24:28,700
that I've learned over the last 
five, six years as a Bitcoin 

406
00:24:28,700 --> 00:24:33,400
educator is unfortunately human 
nature, right? 

407
00:24:33,400 --> 00:24:35,800
And unfortunately, a lot of 
people, you know, Benjamin 

408
00:24:35,800 --> 00:24:38,000
Franklin has that famous quote, 
right? 

409
00:24:38,000 --> 00:24:41,100
That the people that would 
trade, you know, Liberty for 

410
00:24:41,100 --> 00:24:44,800
security, deserves neither, and 
what I've learned right? 

411
00:24:44,800 --> 00:24:47,400
Unfortunately, Really 
specifically and developed 

412
00:24:47,400 --> 00:24:49,500
countries in a developing 
country. 

413
00:24:49,500 --> 00:24:51,700
You don't have that luxury, 
right? 

414
00:24:51,800 --> 00:24:56,200
But in developed countries, a 
lot of people tend to Pick 

415
00:24:56,200 --> 00:24:59,000
convenience, right? 
And that's just a sad reality. 

416
00:24:59,600 --> 00:25:05,300
How do you propose making 
Sovereign Computing, as 

417
00:25:05,300 --> 00:25:11,600
convenient for individuals as 
the centralized co-opted systems

418
00:25:11,600 --> 00:25:15,100
that we have today? 
Great point. 

419
00:25:15,200 --> 00:25:17,500
And then great question. 
I want to comment on the point 

420
00:25:17,500 --> 00:25:18,700
and then I'll answer the 
question. 

421
00:25:18,900 --> 00:25:22,300
So the first point being about 
signal protonmail, basically, 

422
00:25:22,300 --> 00:25:30,100
these privacy-preserving hosted 
centralized Services, it is far 

423
00:25:30,100 --> 00:25:32,700
worse than your characterization
of it. 

424
00:25:32,700 --> 00:25:37,400
And here's why not only is a 
signal and that's not a pun, 

425
00:25:37,400 --> 00:25:40,100
right? 
Not the electrical signal to use

426
00:25:40,100 --> 00:25:43,600
signal the messaging app going 
from your device. 

427
00:25:44,200 --> 00:25:47,500
To a signal server to your 
counterparties device. 

428
00:25:47,500 --> 00:25:49,700
So you're having a chat with me 
and it's going like, this 

429
00:25:49,700 --> 00:25:51,100
signals sitting right in the 
middle. 

430
00:25:51,700 --> 00:25:57,000
Presumably that is end-to-end 
encrypted such that signal 

431
00:25:57,000 --> 00:26:00,800
itself. 
Cannot read the messages but as 

432
00:26:00,800 --> 00:26:04,300
you stated they can definitely 
do like Network graph analytics.

433
00:26:04,300 --> 00:26:07,200
They know who you're talking to,
they know when you're talking to

434
00:26:07,200 --> 00:26:12,100
them and oftentimes that alone 
is undesirable or can even be 

435
00:26:12,100 --> 00:26:14,400
incriminating in certain 
Circumstances. 

436
00:26:14,400 --> 00:26:18,500
And in certain jurisdictions 
it's worse than that because 

437
00:26:18,800 --> 00:26:22,100
signal and I was finding a 
trying to search for like a 

438
00:26:22,108 --> 00:26:23,800
nuanced way to say this the 
other day. 

439
00:26:23,800 --> 00:26:26,000
And at some point I'll put a 
tweet out a little thread that 

440
00:26:26,000 --> 00:26:28,600
kind of explains this but maybe 
explaining it here will actually

441
00:26:28,600 --> 00:26:34,900
help me compose this when a 
piece of centralized hosted 

442
00:26:34,900 --> 00:26:40,300
software advertises itself as 
open source that can actually be

443
00:26:40,300 --> 00:26:43,600
a negative thing. 
Okay, and here's why because it 

444
00:26:43,800 --> 00:26:45,700
You a very false sense of 
security. 

445
00:26:45,700 --> 00:26:49,900
A lot of people when they hear 
signal is open source they just 

446
00:26:49,900 --> 00:26:54,000
go from A to Z and sort of 
assumed that the app they're 

447
00:26:54,000 --> 00:26:57,500
using on their phone and the 
servers with which they're 

448
00:26:57,500 --> 00:27:01,300
communicating through or through
which they're communicating are 

449
00:27:01,300 --> 00:27:09,000
actually running that code. 
Mmm who have no idea what code 

450
00:27:09,000 --> 00:27:12,900
is running on your phone or on 
their servers. 

451
00:27:13,700 --> 00:27:17,100
Single could absolutely right a 
bunch of Open Source Code 

452
00:27:17,100 --> 00:27:19,400
publish it. 
And then run some other fucking 

453
00:27:19,400 --> 00:27:22,700
coat on their server. 
And you have no way of 

454
00:27:22,700 --> 00:27:27,900
validating this. 
So in fact, if your signal and 

455
00:27:27,900 --> 00:27:31,000
if signal is captured and I'm 
not saying that they are, it's 

456
00:27:31,000 --> 00:27:35,100
actually just a giant net for 
everyone who wants to be 

457
00:27:35,100 --> 00:27:36,200
private. 
Okay. 

458
00:27:36,200 --> 00:27:41,300
And there's a, there's a maximum
in will call it surveillance in 

459
00:27:41,300 --> 00:27:46,100
the surveillance industry that 
Pretty much guides the entire 

460
00:27:46,100 --> 00:27:51,100
strategy for Dragnet 
surveillance which is good guys.

461
00:27:51,300 --> 00:27:56,600
Don't hide bad guys. 
Do hide that is the overarching 

462
00:27:56,600 --> 00:28:00,000
maximum so what you can do with 
this knowledge, right? 

463
00:28:00,000 --> 00:28:01,600
And it's wrong. 
Of course, right. 

464
00:28:02,400 --> 00:28:04,800
Good guys hide. 
Because they value their privacy

465
00:28:05,000 --> 00:28:07,500
but that's not the maxim that 
they're that they're seeking 

466
00:28:07,500 --> 00:28:11,300
what they're saying is anyone 
who openly seeks 

467
00:28:11,300 --> 00:28:16,600
privacy-preserving anonymous, 
Encrypted technology is 

468
00:28:16,600 --> 00:28:19,000
presumably or potentially a bad 
guy. 

469
00:28:19,200 --> 00:28:22,000
So we're going to look much 
closer at them. 

470
00:28:22,500 --> 00:28:25,900
So, with that maximum mind, 
pretty much every centralized 

471
00:28:25,900 --> 00:28:29,100
hosted service that advertises 
itself as the private thing or 

472
00:28:29,100 --> 00:28:32,800
the anonymous thing is 
potentially a giant fucking net 

473
00:28:32,800 --> 00:28:36,200
in your walking right into it, 
you're better off just using 

474
00:28:36,200 --> 00:28:38,400
Facebook. 
Okay, you're better off just 

475
00:28:38,400 --> 00:28:42,400
like using open things that 
because there that's not where 

476
00:28:42,400 --> 00:28:44,900
they're looking, they assume 
that The ones who's using those 

477
00:28:44,900 --> 00:28:48,200
things is totally benign and a 
good guy because they're not 

478
00:28:48,200 --> 00:28:51,100
trying to hide. 
So it's this really nasty 

479
00:28:51,100 --> 00:28:54,700
situation where it's almost 
impossible to be private. 

480
00:28:55,100 --> 00:28:58,000
You either have to communicate 
on things that are not private 

481
00:28:58,000 --> 00:29:00,900
inherently or you have to 
communicate on things that you 

482
00:29:00,900 --> 00:29:03,900
think are private. 
But could be anything at all. 

483
00:29:04,800 --> 00:29:08,600
We are the Middle where the the 
way to get through that, which 

484
00:29:08,600 --> 00:29:12,300
is self-hosting, right? 
The only way that you can know 

485
00:29:12,600 --> 00:29:17,100
that the privacy C code and 
technology that you are using is

486
00:29:17,100 --> 00:29:20,600
actually preserving. 
Your privacy, and anonymity is 

487
00:29:20,600 --> 00:29:23,500
to host it yourself. 
That's the only way. 

488
00:29:23,900 --> 00:29:26,400
And unfortunately, that is just 
really hard to do. 

489
00:29:26,400 --> 00:29:29,400
Or at least it has been 
traditionally, which is why we 

490
00:29:29,400 --> 00:29:31,800
exist. 
That's our reason for existence 

491
00:29:31,800 --> 00:29:34,700
is to make self-hosting easy. 
Okay. 

492
00:29:35,200 --> 00:29:37,300
So that's just an elaboration on
your first comment. 

493
00:29:37,300 --> 00:29:41,000
It's not it's much worse than 
many people think, okay? 

494
00:29:41,700 --> 00:29:45,200
Number two, I don't remember. 
Yes, was just convenient its 

495
00:29:45,200 --> 00:29:48,300
convenience right there, which 
by the way, great explanation 

496
00:29:48,300 --> 00:29:50,800
and that absolutely blew my mind
because at the end of the day, 

497
00:29:51,000 --> 00:29:54,000
yeah, I'm pulling up my 
protonmail app and it says end 

498
00:29:54,300 --> 00:29:58,000
end-to-end encrypted. 
But again, you're taking their 

499
00:29:58,000 --> 00:29:59,500
word for it. 
And that's a really good point. 

500
00:29:59,500 --> 00:30:04,100
I never thought about that. 
So Matt, the original question 

501
00:30:04,100 --> 00:30:07,700
was sorry about human nature and
convenience, right, the sad 

502
00:30:07,700 --> 00:30:12,100
reality is the vast majority of 
people are always going to pick 

503
00:30:12,100 --> 00:30:15,200
convenience just because it's 
just human nature. 

504
00:30:15,200 --> 00:30:18,000
It is what it is. 
I've learned this being a 

505
00:30:18,000 --> 00:30:22,600
Bitcoin educator for years now. 
Yeah, let me just not take self 

506
00:30:22,600 --> 00:30:26,100
custody, I have to wait for FTX 
to blow up a rug pull needs to 

507
00:30:26,100 --> 00:30:29,300
happen for me to be like, okay, 
not your keys, not your Bitcoin.

508
00:30:30,500 --> 00:30:33,700
So and it applies the same thing
to Sovereign Computing. 

509
00:30:33,700 --> 00:30:36,400
Right? 
Unless and this is the, I 

510
00:30:36,400 --> 00:30:39,600
believe this is just the reality
unless you make it as 

511
00:30:39,600 --> 00:30:43,300
convenient, right? 
For someone. 

512
00:30:43,700 --> 00:30:49,900
Or close to it as convenient for
someone to have their own 

513
00:30:49,900 --> 00:30:52,600
dedicated, you know, Bitcoin 
node which you guys already 

514
00:30:52,600 --> 00:30:56,000
doing, which eventually becomes 
their own dedicated server of, 

515
00:30:56,000 --> 00:30:58,700
which they can have 
communications and all of that 

516
00:30:58,700 --> 00:31:00,800
other stuff. 
How do you make it? 

517
00:31:00,800 --> 00:31:03,900
How do you incentivize 
individuals to do that? 

518
00:31:04,000 --> 00:31:09,600
Because, you know, the if enough
people don't do this, then isn't

519
00:31:09,600 --> 00:31:12,800
going to be very easy for 
government's intelligence 

520
00:31:12,800 --> 00:31:16,300
agencies the Three letter 
agencies to kind of single out, 

521
00:31:16,300 --> 00:31:19,800
you know who is doing what right
isn't. 

522
00:31:19,800 --> 00:31:23,800
It kind of, you know, the the 
the Bitcoin bought model BSE 

523
00:31:23,800 --> 00:31:27,200
numinous, power in numbers, is 
that required for this? 

524
00:31:28,200 --> 00:31:31,500
And what do you think your 
solution would be to the 

525
00:31:31,500 --> 00:31:34,600
convenience factor? 
I'm going to add to this a 

526
00:31:34,608 --> 00:31:36,700
little bit and then I want to 
get your thoughts. 

527
00:31:36,700 --> 00:31:39,500
Matt, everyone has a router at 
their home. 

528
00:31:39,500 --> 00:31:42,700
Everyone kind of already has a 
dedicated device that's 

529
00:31:42,700 --> 00:31:48,500
constantly Ogden to the internet
and that seems like a great 

530
00:31:48,500 --> 00:31:53,300
excuse to get a to get a 
Bitcoin, note in there, or a 

531
00:31:53,300 --> 00:31:55,400
dedicated Sovereign server in 
there. 

532
00:31:55,600 --> 00:31:57,200
So, what are your thoughts on 
this problem? 

533
00:31:57,300 --> 00:31:58,800
I know you've thought about 
this. 

534
00:31:58,900 --> 00:32:05,500
So let me know onto the first 
one first, let's talk about 

535
00:32:05,500 --> 00:32:09,600
convenience as the Battleground,
you're right? 

536
00:32:09,700 --> 00:32:12,400
That is exactly where this 
battle is taking place. 

537
00:32:13,300 --> 00:32:17,600
In any purchase that a consumer 
makes or an individual. 

538
00:32:17,900 --> 00:32:19,300
You know, in any value 
transaction. 

539
00:32:19,300 --> 00:32:21,900
There's a cost-benefit analysis 
that everyone is making whether 

540
00:32:21,900 --> 00:32:25,000
it is super subconscious and 
implicit or whether they're 

541
00:32:25,300 --> 00:32:27,900
explicitly, you know, 
researching all the pros and 

542
00:32:27,900 --> 00:32:33,400
cons of Any Given having any 
given purchase and traditionally

543
00:32:34,000 --> 00:32:37,300
the cost-benefit analysis that 
people have done and are 

544
00:32:37,300 --> 00:32:41,100
continuing to do in many cases 
when it comes to SAS software as

545
00:32:41,100 --> 00:32:43,800
a service cloud computing. 
If I want to think of it that 

546
00:32:43,800 --> 00:32:47,300
way apps on your phone that plug
into third-party servers which 

547
00:32:47,300 --> 00:32:50,000
they all do cost-benefit 
analysis that people have done 

548
00:32:50,000 --> 00:32:51,800
on that has been pretty 
lopsided. 

549
00:32:51,800 --> 00:32:56,700
They have said, this thing is 
free frickin cheap if not 

550
00:32:56,700 --> 00:33:00,500
totally free and it's got loads 
of benefits. 

551
00:33:00,600 --> 00:33:06,200
It allows me to do such and such
on my computer and the costs are

552
00:33:06,200 --> 00:33:08,400
super low. 
Again, if not free, there's 

553
00:33:08,400 --> 00:33:11,300
something in the back of their 
mind that tickles them that 

554
00:33:11,300 --> 00:33:14,400
says, Where is the Real cost, 
right? 

555
00:33:14,400 --> 00:33:17,900
And more and more. 
They're starting to figure out 

556
00:33:17,900 --> 00:33:21,900
what that real cost is this 
phrase that if you're not paying

557
00:33:21,900 --> 00:33:23,500
for the product, you are the 
product. 

558
00:33:23,600 --> 00:33:26,100
I'm very happy that that is 
becoming popularized. 

559
00:33:27,200 --> 00:33:31,900
I still don't think people fully
understand what that means, but 

560
00:33:31,900 --> 00:33:35,800
at least it's starting to enter.
The general public Consciousness

561
00:33:35,800 --> 00:33:40,500
is that when you are the 
product, the cost is basically 

562
00:33:40,600 --> 00:33:44,100
everything about you. 
The goal of any Cloud computing 

563
00:33:44,100 --> 00:33:50,000
or SAS company is to profile you
as best as they possibly can. 

564
00:33:50,000 --> 00:33:53,800
And I don't even mean this in 
like a your Bob type of profile 

565
00:33:53,800 --> 00:33:57,100
you're just number XYZ, right? 
It's not super personal. 

566
00:33:57,300 --> 00:34:01,200
It's just that their goal is to 
understand everything about you.

567
00:34:01,500 --> 00:34:05,500
Not only so that they can 
improve the products that you 

568
00:34:05,500 --> 00:34:08,800
are using of theirs. 
But also so that they can sell 

569
00:34:08,800 --> 00:34:15,100
that data to advertisers or 
Interested parties, write maybe 

570
00:34:15,100 --> 00:34:20,800
government and so they're 
essentially monetizing your data

571
00:34:21,000 --> 00:34:25,900
and your identity, everything 
about you and more and more 

572
00:34:26,199 --> 00:34:30,400
people are starting to recognize
this hidden cost. 

573
00:34:30,400 --> 00:34:33,500
This sort of indirect cost of 
these products and they're 

574
00:34:33,500 --> 00:34:37,300
starting to reject them. 
And this is expressing itself. 

575
00:34:37,800 --> 00:34:41,300
Ironically, through regulation 
and laws, right? 

576
00:34:41,300 --> 00:34:46,199
You actually have policy Now, 
coming into play that requires 

577
00:34:46,300 --> 00:34:51,800
SAS providers, Cloud providers 
app, developers to minimize, 

578
00:34:51,800 --> 00:34:55,699
what they collect about you, and
to make it and to be transparent

579
00:34:55,699 --> 00:34:59,100
about what they're collecting 
about you, and, to afford, you 

580
00:34:59,100 --> 00:35:04,900
ways of opting out of that 
collection, which means that 

581
00:35:04,900 --> 00:35:07,600
more and more. 
These companies are not going to

582
00:35:07,600 --> 00:35:12,200
be able to monetize you as an 
individual, not going to be able

583
00:35:12,200 --> 00:35:14,800
to product. 
As you to the same extent that 

584
00:35:14,800 --> 00:35:18,400
they used to be able to, which 
means that they're actually 

585
00:35:18,400 --> 00:35:23,100
going to, interestingly be 
pivoting to more of a normal 

586
00:35:23,100 --> 00:35:25,300
business model, which is to 
charge you money. 

587
00:35:26,800 --> 00:35:29,800
You know, I've said this a few 
times before and you can 

588
00:35:29,800 --> 00:35:32,700
continue to mark my words that 
over the coming years, and 

589
00:35:32,700 --> 00:35:38,600
decades pretty much, every piece
of software that you use will be

590
00:35:38,600 --> 00:35:42,000
paid for on a subscription, 
recurring Revenue basis. 

591
00:35:43,000 --> 00:35:46,600
The free tears of these things 
are going to get smaller and 

592
00:35:46,600 --> 00:35:50,400
smaller and smaller, and the 
costs are going to get higher 

593
00:35:50,400 --> 00:35:54,300
and higher and higher until you 
are basically getting nickel and

594
00:35:54,300 --> 00:35:57,800
dimed out of your ability to pay
rent because of all the 

595
00:35:57,800 --> 00:36:01,600
streaming services and apps that
you are using on your phone. 

596
00:36:02,200 --> 00:36:07,300
And as that happens, more and 
more people are going to the 

597
00:36:07,300 --> 00:36:10,800
cost-benefit analysis is going 
to begin shifting because the 

598
00:36:10,800 --> 00:36:14,700
cost is no longer hidden the To 
direct an apparent. 

599
00:36:15,100 --> 00:36:17,500
And so they're going to start 
looking at these apps willing. 

600
00:36:17,600 --> 00:36:21,800
Hmm, well, it does these things 
for me, but it also costs $20 a 

601
00:36:21,808 --> 00:36:25,000
month. 
And so I'm going to not use it 

602
00:36:25,000 --> 00:36:27,500
or I'm going to look for an 
alternative. 

603
00:36:28,700 --> 00:36:34,700
Secondly, and to the other side 
of your question, which is the 

604
00:36:34,700 --> 00:36:38,500
convenience portion, the 
perception of benefit, okay? 

605
00:36:39,100 --> 00:36:45,600
The perception of benefit of 
say, some, Centralized powerful 

606
00:36:45,600 --> 00:36:48,400
tech company that made an app is
really, really high. 

607
00:36:48,400 --> 00:36:49,500
They assume that it's going to 
work. 

608
00:36:49,500 --> 00:36:50,800
Awesome. 
They assume that, you know, 

609
00:36:50,800 --> 00:36:53,400
since it's so big and everyone 
uses it, that it's good. 

610
00:36:53,400 --> 00:36:55,400
Like the perception of benefit 
is very, very high. 

611
00:36:55,600 --> 00:36:58,800
And when they think about like, 
Indie open source kind of Off 

612
00:36:58,800 --> 00:37:01,900
the Grid do-it-yourself 
software, there's a perception 

613
00:37:01,900 --> 00:37:04,600
that it is lacking. 
It is harder to use. 

614
00:37:04,600 --> 00:37:09,500
It is harder to set up and to be
fair, these perceptions are 

615
00:37:09,500 --> 00:37:12,800
largely accurate or at least 
have been for the last couple of

616
00:37:13,000 --> 00:37:14,600
Decades. 
Because these centralized 

617
00:37:14,600 --> 00:37:18,700
companies are very wealthy and 
have been able to Garner, these 

618
00:37:18,700 --> 00:37:23,400
massive valuations and sell 
stock for over, you know, 40x 

619
00:37:23,400 --> 00:37:26,500
Revenue type of stuff. 
They've been able to hire giant 

620
00:37:26,500 --> 00:37:31,600
teams of developers to create 
wonderful products from my 

621
00:37:31,600 --> 00:37:33,500
perspective. 
What they don't realize is that 

622
00:37:33,500 --> 00:37:35,400
they've been doing the R&D for 
us. 

623
00:37:35,900 --> 00:37:39,100
That's are indeed Department, 
Google and apple. 

624
00:37:39,300 --> 00:37:41,000
They're doing all the research, 
they're iterating. 

625
00:37:41,000 --> 00:37:45,400
All the services to teach us. 
Is the open source Community, 

626
00:37:45,700 --> 00:37:50,300
how to do it, right? 
And the tide is turning the open

627
00:37:50,300 --> 00:37:54,800
source software services and 
applications are learning from 

628
00:37:54,900 --> 00:37:57,700
there. 
You know, again R&D Department, 

629
00:37:57,700 --> 00:38:00,600
predecessors and making better 
and better software. 

630
00:38:01,600 --> 00:38:05,700
And so the perceived benefit of 
these two things are going to 

631
00:38:05,700 --> 00:38:08,200
gradually, get closer and closer
and closer. 

632
00:38:08,200 --> 00:38:13,700
So what you have is two 
complementary Trends as As we 

633
00:38:13,700 --> 00:38:17,100
perceive it and we have, you 
know, we do our outlook for the 

634
00:38:17,100 --> 00:38:21,100
coming decade, you have 
centralized, 

635
00:38:21,100 --> 00:38:25,200
software-as-a-service Cloud 
applications are going to have 

636
00:38:25,200 --> 00:38:30,300
this rising cost and more 
importantly perception of cost. 

637
00:38:30,300 --> 00:38:33,800
Like, not only are people going 
to be paying with their data and

638
00:38:33,900 --> 00:38:36,400
you know, privacy but they're 
also going to be paying with 

639
00:38:36,400 --> 00:38:38,300
their wallets. 
So the cost is rising. 

640
00:38:38,800 --> 00:38:42,100
The perceived benefit is at best
going to stay flat. 

641
00:38:42,100 --> 00:38:43,500
Maybe go up a little A little 
bit. 

642
00:38:44,300 --> 00:38:46,200
But on the other side of the 
equation when it comes to 

643
00:38:46,200 --> 00:38:49,700
self-hosted open source 
software, the perceived cost is 

644
00:38:49,700 --> 00:38:54,700
going to go down and down and 
down as we and others, make it 

645
00:38:54,900 --> 00:38:59,700
dramatically easier to use and 
build better and better user 

646
00:38:59,700 --> 00:39:02,800
interfaces, and user experiences
around the software. 

647
00:39:03,600 --> 00:39:06,300
The perceived cost of getting up
and running is going to go down.

648
00:39:06,400 --> 00:39:09,600
It is inherently free for life, 
right? 

649
00:39:09,600 --> 00:39:12,700
It is inherently free and open 
source software so you don't pay

650
00:39:12,700 --> 00:39:15,900
for It at most, you're paying an
upfront Capital cost for the 

651
00:39:15,900 --> 00:39:18,500
computer itself, right? 
You need you need Hardware, you 

652
00:39:18,500 --> 00:39:21,400
got to run it on something but 
that's a one-time fee. 

653
00:39:21,700 --> 00:39:26,100
Maybe you get a new device every
five to ten years but those, you

654
00:39:26,100 --> 00:39:28,500
know, savings are immediately 
apparent like that. 

655
00:39:28,500 --> 00:39:31,300
Cop, that Capital expense will 
pay itself off in a matter of 

656
00:39:31,300 --> 00:39:35,400
months, according to our 
prayers, how we view Rising 

657
00:39:35,400 --> 00:39:39,800
costs. 
So our primary focus on a daily 

658
00:39:39,800 --> 00:39:45,500
basis is to make the convenience
better and better and better, 

659
00:39:45,500 --> 00:39:47,400
right? 
We call it convenience parity, 

660
00:39:48,200 --> 00:39:52,000
if software has a circle up 
here, we're down here, and we're

661
00:39:52,000 --> 00:39:54,500
going to go like this. 
We're just going to get closer 

662
00:39:54,500 --> 00:39:59,200
and closer, and closer to the 
convenience that people are used

663
00:39:59,200 --> 00:40:01,600
to. 
I don't think we can ever reach 

664
00:40:01,600 --> 00:40:03,500
it. 
I think that it's an asymptotic 

665
00:40:03,500 --> 00:40:06,200
approach. 
We will never be as convenient 

666
00:40:06,300 --> 00:40:12,100
as the centralized third-party 
model because that third party 

667
00:40:12,100 --> 00:40:15,000
centralized model. 
Liz hair inherently built on the

668
00:40:15,200 --> 00:40:18,500
concept of will do it for you. 
You don't do anything, we'll 

669
00:40:18,500 --> 00:40:22,000
just do it for you. 
Whereas, the core principle of 

670
00:40:22,000 --> 00:40:25,600
our model is, you'll do it 
yourself and you'll own it, 

671
00:40:25,600 --> 00:40:27,200
right? 
You'll be very, you'll have 

672
00:40:27,200 --> 00:40:30,400
total control. 
And while we can make the latter

673
00:40:30,700 --> 00:40:34,700
feel increasingly, like the 
former, it's always going to be 

674
00:40:34,700 --> 00:40:37,100
easier to have somebody do 
something for you then for you 

675
00:40:37,100 --> 00:40:41,500
to do it yourself. 
But we think we can get close 

676
00:40:41,500 --> 00:40:47,100
enough that the Gap 
inconvenience will be negligible

677
00:40:47,700 --> 00:40:51,100
to the massive discrepancy in 
cost. 

678
00:40:51,100 --> 00:40:58,200
As in womb, is free and easy and
there's no privacy, invasions no

679
00:40:58,200 --> 00:41:02,300
chance of censorship, it's 
totally Sovereign, you're free. 

680
00:41:02,400 --> 00:41:07,100
That's like a huge benefit 
whereas there's will be the 

681
00:41:07,200 --> 00:41:11,900
surveilled Censored High fees 
monthly subscription. 

682
00:41:11,900 --> 00:41:14,900
Like we're going to blow them 
out of the water on the cost 

683
00:41:14,900 --> 00:41:18,400
side even if we can't quite get 
there on the convenience side 

684
00:41:18,900 --> 00:41:23,600
and that's fascinating. 
And I really I really like how 

685
00:41:23,600 --> 00:41:28,100
you because it's true, right? 
And I honestly Matt I would 

686
00:41:28,100 --> 00:41:35,900
rather pay up front, then B, the
B, the product weight, you know,

687
00:41:35,900 --> 00:41:42,600
the oh, nothing and be happy. 
Hahaha is Nico want to own 

688
00:41:42,600 --> 00:41:45,700
nothing to be happy brother. 
I battled that stuff every 

689
00:41:45,700 --> 00:41:52,100
single day I want to be just as 
free as you but dude, first of 

690
00:41:52,100 --> 00:41:55,500
all, fascinating analysis and 
just breaking it down. 

691
00:41:56,500 --> 00:42:01,700
So another interesting point, 
Matt and I think that there's 

692
00:42:01,700 --> 00:42:06,500
two Utopias that people on 
different ideological basis. 

693
00:42:06,500 --> 00:42:09,800
They look at the world, right? 
You have the collectivist Utopia

694
00:42:10,300 --> 00:42:13,200
and believe it or not. 
And I see this all the time and 

695
00:42:13,200 --> 00:42:15,900
bitcoiners you have the 
libertarian Utopia, right? 

696
00:42:16,000 --> 00:42:19,700
And that's something that we all
have to understand that it's 

697
00:42:19,700 --> 00:42:23,900
very real and one of the things,
right? 

698
00:42:23,900 --> 00:42:27,400
Let's say in the ideal World, 
everyone is running their 

699
00:42:27,400 --> 00:42:30,400
servers Amazon web servers, like
man. 

700
00:42:30,400 --> 00:42:33,400
It becomes a museum where you 
walk in there and it's like this

701
00:42:33,400 --> 00:42:35,300
is how the internet used to 
work, right? 

702
00:42:36,500 --> 00:42:40,000
But at the end of the day, Right
in front of one, who doesn't 

703
00:42:40,000 --> 00:42:43,500
know, the vast majority of the 
internet is connected by cables.

704
00:42:43,500 --> 00:42:47,500
Undersea cables, right? 
And those can be potential 

705
00:42:47,600 --> 00:42:51,000
vulnerable points of capture for
governments. 

706
00:42:51,700 --> 00:42:54,200
How does that fix that? 
How does a peer-to-peer 

707
00:42:54,400 --> 00:42:57,000
internet? 
You know what? 

708
00:42:57,000 --> 00:42:59,700
We're all dreaming. 
What we what we hope to find 

709
00:42:59,700 --> 00:43:04,000
ourselves in the future and how 
does the actual, how do you guys

710
00:43:04,000 --> 00:43:07,400
actually mitigate the actual 
physical cables? 

711
00:43:07,800 --> 00:43:11,300
That the Net is connected by are
connected with. 

712
00:43:11,900 --> 00:43:15,300
Yeah, you're talking about the 
long, the long game here. 

713
00:43:15,300 --> 00:43:18,800
The end game, right? 
The final boss of everything, is

714
00:43:19,200 --> 00:43:24,700
surprisingly, the physical world
when we first started start9, I 

715
00:43:24,700 --> 00:43:30,100
told my co-founders at the time 
that if we succeeded wildly 

716
00:43:30,200 --> 00:43:34,200
that, if we really succeeded in 
bringing a new Computing, 

717
00:43:34,200 --> 00:43:40,200
Paradigm to this world and it 
grew that over time. 

718
00:43:40,500 --> 00:43:43,900
The only way that it would 
survive is if we vertically 

719
00:43:43,900 --> 00:43:48,300
integrated all the way to the 
mine, mining lithium, right, 

720
00:43:48,300 --> 00:43:53,700
like that, we will eventually 
get shut down there. 

721
00:43:54,300 --> 00:43:56,500
Point every single step of the 
way, right? 

722
00:43:56,500 --> 00:44:02,100
Like if we get so successful and
we're really a threat, they'll 

723
00:44:02,100 --> 00:44:07,100
shut the Mind down. 
They'll withhold critical, you 

724
00:44:07,100 --> 00:44:10,900
know, rare earth metals from our
or anybody else's ability to 

725
00:44:10,900 --> 00:44:12,300
build chips that aren't 
backdoored. 

726
00:44:13,400 --> 00:44:15,400
And so, we don't need to worry 
about that right now though, 

727
00:44:15,500 --> 00:44:18,300
right? 
They threat. 

728
00:44:18,300 --> 00:44:21,600
It's a tomorrow threat. 
Yes, we need to stay one step 

729
00:44:21,600 --> 00:44:23,200
ahead. 
We need to be aware that these 

730
00:44:23,200 --> 00:44:25,600
threats are coming. 
But you don't solve tomorrow's 

731
00:44:25,600 --> 00:44:27,900
problems today. 
That's how you die. 

732
00:44:28,000 --> 00:44:30,100
You have just all today's 
problems today. 

733
00:44:31,000 --> 00:44:35,900
And quite frankly to be very 
focused as a team, otherwise 

734
00:44:35,900 --> 00:44:40,800
you, you get ahead of yourself. 
So the the fiber optic cables 

735
00:44:40,900 --> 00:44:43,300
are a few steps away. 
We're not, we're not worried 

736
00:44:43,300 --> 00:44:47,300
about those right now because we
can effectively hijack them. 

737
00:44:47,600 --> 00:44:49,800
Right? 
For antithetical purposes. 

738
00:44:50,500 --> 00:44:52,400
I shouldn't say antithetical. 
They are designed to process 

739
00:44:52,400 --> 00:44:54,900
information and we will continue
to use Them for what they were 

740
00:44:54,900 --> 00:44:57,900
designed for, but we can make 
that information encrypted, 

741
00:44:57,900 --> 00:44:59,900
right? 
Encryption is the secret weapon 

742
00:44:59,900 --> 00:45:02,000
here. 
So long as the encryption is 

743
00:45:02,000 --> 00:45:05,900
real, which we have every reason
to believe that it is and there 

744
00:45:05,900 --> 00:45:10,700
isn't some crazy project that's 
been going on, where sha-256 is 

745
00:45:10,700 --> 00:45:13,200
actually broken and the 
government's just not telling 

746
00:45:13,200 --> 00:45:15,700
us. 
I don't believe that I'm not 

747
00:45:15,700 --> 00:45:17,500
leave that either. 
They don't have the capability. 

748
00:45:17,800 --> 00:45:22,600
So as long as encryption is 
real, we can hijack. 

749
00:45:22,600 --> 00:45:25,800
Significant portions of the 
Assisting physical and digital 

750
00:45:25,800 --> 00:45:30,400
infrastructures of this planet 
for our own to build our own 

751
00:45:31,000 --> 00:45:39,400
parallel digital systems and so 
long as using encryption and 

752
00:45:40,000 --> 00:45:44,400
certain networking strategies 
such as tour is not itself 

753
00:45:44,400 --> 00:45:47,400
incriminating then we will 
succeed, right? 

754
00:45:47,400 --> 00:45:51,600
The danger here is if a 
government comes in and says 

755
00:45:51,600 --> 00:45:55,800
something like, Tor is illegal 
okay. 

756
00:45:56,300 --> 00:46:02,300
Or if we detect that you are 
utilizing networking protocol, a

757
00:46:02,400 --> 00:46:05,600
say, Noster, for instance, which
is very is of great interest to 

758
00:46:05,600 --> 00:46:09,500
us at the moment. 
And there is certain Network 

759
00:46:09,900 --> 00:46:13,900
traffic analytics that you can 
perform that the ISP could 

760
00:46:13,900 --> 00:46:16,900
perform. 
They don't know what you're 

761
00:46:16,900 --> 00:46:19,300
doing, they don't know what 
you're saying. 

762
00:46:19,300 --> 00:46:23,500
Because again, encryption works 
right, but they can conclude 

763
00:46:23,900 --> 00:46:27,800
that guy's using Tor, right? 
When you use an embassy in your 

764
00:46:27,800 --> 00:46:32,200
home today, your ISP knows that 
you are using Tor. 

765
00:46:32,800 --> 00:46:35,500
They don't know what you're 
using it for, they can't even 

766
00:46:35,500 --> 00:46:37,200
see what website. 
You're accessing. 

767
00:46:37,200 --> 00:46:39,000
Meaning it's your own website 
and your Embassy, they don't 

768
00:46:39,000 --> 00:46:41,900
know what that is. 
They can't interpret any of the 

769
00:46:41,900 --> 00:46:43,400
information that's being passed 
over. 

770
00:46:43,400 --> 00:46:45,900
But they can say You're using 
Tor. 

771
00:46:46,600 --> 00:46:49,900
So the problem comes in is if a 
government just says, using Tor 

772
00:46:49,900 --> 00:46:54,800
is illegal, then we have a 
problem on our hands, not a 

773
00:46:54,808 --> 00:46:58,400
problem, not an insurmountable 
problem, but it is a definite 

774
00:46:58,400 --> 00:47:02,600
attack vector. 
And so we don't think they're 

775
00:47:02,600 --> 00:47:06,200
going to do it. 
We don't think that governments 

776
00:47:06,200 --> 00:47:10,800
or big Tech corporations who 
have an interest in protecting 

777
00:47:10,800 --> 00:47:14,600
their monopolies Etc. 
We do not believe that they will

778
00:47:14,600 --> 00:47:17,700
opt for the nuclear option and 
in this case, the nuclear option

779
00:47:17,900 --> 00:47:22,900
is wholesale, Banning the 
movement of in Formation, that 

780
00:47:22,900 --> 00:47:27,000
is either encrypted or being 
processed on a given Network 

781
00:47:27,000 --> 00:47:31,300
because if they did that, it 
would require a such a blatant 

782
00:47:31,300 --> 00:47:36,000
violation of Human Rights, the 
United States Constitution. 

783
00:47:36,000 --> 00:47:39,400
And basically, every Western 
democracy there is that they 

784
00:47:39,400 --> 00:47:42,200
just won't get away with it. 
We hope, right? 

785
00:47:42,300 --> 00:47:45,400
As we've seen, the population 
has a tendency to kind of go 

786
00:47:45,400 --> 00:47:48,700
along with things and I've been 
largely disappointed over the 

787
00:47:48,700 --> 00:47:53,400
Latin to see some of this but 
there are Lines and I ultimately

788
00:47:53,400 --> 00:47:59,400
do have confidence at least in 
the American ethos and history 

789
00:47:59,400 --> 00:48:02,800
and tradition of individual 
rights and freedom that there 

790
00:48:02,800 --> 00:48:07,600
are lions and people are willing
to stand on them and protect 

791
00:48:07,600 --> 00:48:11,000
them. 
And so I don't think things like

792
00:48:11,000 --> 00:48:15,400
encryption could ever be banned.
I think that politicians could 

793
00:48:15,400 --> 00:48:17,000
posture. 
I think they could even try to 

794
00:48:17,000 --> 00:48:19,400
pass bills, that make certain 
kinds of things, illegal or 

795
00:48:19,400 --> 00:48:22,500
legal, but ultimately, they're 
not competent enough. 

796
00:48:22,900 --> 00:48:25,100
They don't have, they don't have
the numbers. 

797
00:48:25,100 --> 00:48:26,700
They're going to, they're going 
to lose that battle. 

798
00:48:26,700 --> 00:48:30,100
So I think that we can hijack 
utilize. 

799
00:48:30,100 --> 00:48:34,200
Use Earp much, if not all of the
existing physical and digital 

800
00:48:34,200 --> 00:48:37,000
infrastructure that they have 
spent building in order to 

801
00:48:37,400 --> 00:48:40,700
Monitor surveil and control 
everyone for exactly the 

802
00:48:40,700 --> 00:48:42,600
opposite. 
Beautiful. 

803
00:48:42,700 --> 00:48:47,400
And and you the part that was 
fascinating to me. 

804
00:48:47,400 --> 00:48:49,400
Matt. 
And this part of the encryption 

805
00:48:49,400 --> 00:48:53,200
Wars and I think that we are 
heading towards encryption War 

806
00:48:53,200 --> 00:48:56,600
2.0, right in the 90s was, you 
know, certain types of 

807
00:48:56,600 --> 00:48:58,700
encryption was illegal, then 
people who are t-shirts with 

808
00:48:58,700 --> 00:49:01,200
that exact thing and then, you 
know, they couldn't win that and

809
00:49:01,208 --> 00:49:03,200
then it's a First Amendment 
issue, right? 

810
00:49:03,200 --> 00:49:06,400
And I think we're heading into 
the second where, you know, for 

811
00:49:06,400 --> 00:49:10,000
the first time in American 
history, the US Treasury 

812
00:49:10,000 --> 00:49:13,000
specifically, the office of 
foreign An asset control, 

813
00:49:13,000 --> 00:49:17,400
sanctioned open source software.
And I, the reason that I believe

814
00:49:17,400 --> 00:49:23,200
they did, that is to attempt to 
set a precedent because Bitcoin 

815
00:49:23,200 --> 00:49:25,400
whether you like it or not, is a
threat to current u.s. 

816
00:49:25,400 --> 00:49:28,500
sanctioned policy which gives 
the tremendous amount of power 

817
00:49:28,500 --> 00:49:30,700
to the US government because 
they've been weaponizing the 

818
00:49:30,700 --> 00:49:34,100
dollar to get what they want or 
to believe, they're getting what

819
00:49:34,100 --> 00:49:35,700
they want because you can't make
it a. 

820
00:49:35,700 --> 00:49:38,200
You can't make a good faith 
argument that sanctions are 

821
00:49:38,200 --> 00:49:42,200
effective either. 
So yeah, I definitely We think 

822
00:49:42,200 --> 00:49:46,000
that we are heading into the so 
called crypto Wars 2.0. 

823
00:49:46,000 --> 00:49:49,100
And I think that can be a point 
of contention. 

824
00:49:49,200 --> 00:49:54,700
But what's fascinating to me, 
Matt is holy crap, did the 

825
00:49:54,700 --> 00:49:59,900
founding fathers of the United 
States 200, something years ago,

826
00:50:00,400 --> 00:50:04,400
just because of how much they 
hated tight tyranny or tyranny. 

827
00:50:05,200 --> 00:50:09,000
Did they nail that? 
And they made it the first one, 

828
00:50:09,100 --> 00:50:16,000
and it might might become one of
our most powerful tools in the 

829
00:50:16,000 --> 00:50:18,800
battle of the step of separation
of money and state. 

830
00:50:20,700 --> 00:50:25,300
How do you believe we're going 
in this adoption race on simply 

831
00:50:25,300 --> 00:50:27,500
Bitcoin were in the media front.
So we reflect. 

832
00:50:27,500 --> 00:50:30,900
We fundamentally believe here is
a war for hearts and Minds. 

833
00:50:30,900 --> 00:50:34,600
We need to get as many people as
possible, taking Bitcoin into 

834
00:50:34,600 --> 00:50:36,700
self custody taking that orange 
pill. 

835
00:50:36,700 --> 00:50:39,400
If enough people do that we win,
right? 

836
00:50:39,400 --> 00:50:43,500
But it is an arms race. 
How do you believe you're doing 

837
00:50:43,500 --> 00:50:47,100
on your side? 
And I want to preface that 

838
00:50:47,100 --> 00:50:49,800
question with. 
I was also extremely 

839
00:50:49,800 --> 00:50:57,500
disappointed, how effective the,
their propaganda machine was at 

840
00:50:57,900 --> 00:51:02,200
capturing the hearts and minds 
of so many individuals and 

841
00:51:02,200 --> 00:51:05,500
basically leading them like 
sheets sheeps to a Slaughter. 

842
00:51:05,500 --> 00:51:08,100
Unfortunately, it would it, I 
couldn't believe it. 

843
00:51:08,800 --> 00:51:10,200
So, what are your thoughts on 
that? 

844
00:51:11,400 --> 00:51:14,500
Well, you definitely nailed the 
sort of other side of the coin 

845
00:51:14,600 --> 00:51:18,000
about what I was saying earlier,
which is that, you know what we 

846
00:51:18,000 --> 00:51:20,200
don't do, except for 
appearances. 

847
00:51:20,200 --> 00:51:24,600
Like this obviously is the 
awareness and education aspect 

848
00:51:24,600 --> 00:51:28,200
of what's going on, right? 
So perception of cost, 

849
00:51:28,200 --> 00:51:32,200
perception of benefit is all 
very largely affected, not just 

850
00:51:32,200 --> 00:51:34,500
buy the products and 
technologies that are being 

851
00:51:34,500 --> 00:51:36,900
used, but by people's 
understanding of them. 

852
00:51:37,300 --> 00:51:40,400
And so, that is why I go out of 
my way to support. 

853
00:51:40,600 --> 00:51:44,600
And try to, you know, do 
anything that we can to help you

854
00:51:44,600 --> 00:51:49,200
and others in your battle to 
educate and raise awareness 

855
00:51:49,800 --> 00:51:54,400
towards not only the nature of 
the problem, but of the nature, 

856
00:51:54,700 --> 00:51:59,800
and existence of viable, albeit 
nascent, but viable growing 

857
00:51:59,800 --> 00:52:03,900
solutions to these problems. 
So, you know, I commend you, I 

858
00:52:03,900 --> 00:52:07,500
support you and, you know, it's 
just not what we do. 

859
00:52:07,500 --> 00:52:10,900
We're technologists and product 
people and that's our At all. 

860
00:52:11,900 --> 00:52:13,100
But yeah. 
But it's the same. 

861
00:52:13,100 --> 00:52:16,300
It's the same War my friend. 
Yo, you might be on one front 

862
00:52:16,300 --> 00:52:18,800
and we're in the trenches on the
other front but we're still the 

863
00:52:18,800 --> 00:52:20,200
same fight. 
Exactly. 

864
00:52:20,200 --> 00:52:22,100
Right. 
But you specialization it 

865
00:52:22,100 --> 00:52:24,800
matters, right? 
We have to focus on our core 

866
00:52:24,800 --> 00:52:27,700
competency and what we're best 
at and you're going to focus on 

867
00:52:27,700 --> 00:52:30,100
your core competency, what 
you're best at and we joined the

868
00:52:30,100 --> 00:52:34,600
show together right now to 
strategize and you know, divide 

869
00:52:34,600 --> 00:52:39,200
and conquer. 
So okay, so with that in mind, 

870
00:52:39,700 --> 00:52:43,900
the core of your Question there 
was, you know, are people going 

871
00:52:43,900 --> 00:52:46,700
to to do it? 
How do you see? 

872
00:52:46,800 --> 00:52:50,400
So I'm seeing it from again, the
media perspective. 

873
00:52:50,400 --> 00:52:55,700
So for example, the FTX blow-up 
was amazing because I'm sorry 

874
00:52:55,700 --> 00:52:57,900
for anyone who got involved. 
You should have taken Bitcoin, 

875
00:52:57,900 --> 00:52:59,100
not your keys, not your Bitcoin,
right? 

876
00:52:59,100 --> 00:53:02,400
We've been screaming that from 
the rooftop from literally three

877
00:53:02,400 --> 00:53:08,500
years now but that's LED people 
to take Bitcoin off-exchange. 

878
00:53:08,600 --> 00:53:12,000
Do you see the same? 
In rate with individuals 

879
00:53:12,000 --> 00:53:16,500
realizing you know if I'm not 
using my if I'm not using my own

880
00:53:16,500 --> 00:53:19,000
node I'm basically trusting 
someone else's. 

881
00:53:19,000 --> 00:53:22,400
No. 
Do you see that popularity 

882
00:53:22,400 --> 00:53:27,300
Rising? 
Yeah, so the very existence of 

883
00:53:27,300 --> 00:53:35,000
start9 and other node and 
personal server projects in the 

884
00:53:35,000 --> 00:53:39,600
greater Bitcoin and Sovereign 
Computing space is a degree of 

885
00:53:39,600 --> 00:53:42,600
evidence. 
Dense that there is demand for 

886
00:53:42,600 --> 00:53:45,900
this. 
These organizations companies 

887
00:53:46,600 --> 00:53:51,100
are not doing this because 
nobody cares and we're not doing

888
00:53:51,100 --> 00:53:55,900
it in light of the fact that 
interest is waning, it's not 

889
00:53:56,300 --> 00:54:01,200
people do care interest is 
growing and our community. 

890
00:54:01,900 --> 00:54:07,300
The people who discover us and 
take the time to actually look 

891
00:54:07,900 --> 00:54:11,500
you know they it's like Bitcoin 
you have to Actually look, it 

892
00:54:11,500 --> 00:54:14,200
takes a little bit of effort, 
and we're trying to minimize the

893
00:54:14,200 --> 00:54:18,400
amount of effort, but people who
have discovered us and actually 

894
00:54:18,400 --> 00:54:24,000
looked become what's the right 
word, obsessive, they're they're

895
00:54:24,400 --> 00:54:26,700
passionate. 
Okay, are we don't have 

896
00:54:26,700 --> 00:54:32,300
customers, we have Partners, we 
have members of the movement and

897
00:54:32,300 --> 00:54:35,100
that isn't something that we 
like go out and try to GARP, you

898
00:54:35,100 --> 00:54:38,900
know, Raul with marketing, it's 
just the nature of what we're 

899
00:54:38,900 --> 00:54:41,000
doing. 
What we're doing is Italy, 

900
00:54:41,600 --> 00:54:47,600
radical, powerful, Freedom, 
breathing Sovereign, technology.

901
00:54:47,800 --> 00:54:50,200
And we mean it, and we're not 
cutting Corners. 

902
00:54:50,600 --> 00:54:53,500
We're doing it, right? 
Even if doing it, right, 

903
00:54:53,600 --> 00:54:57,700
ultimately results in our 
failure as a business. 

904
00:54:57,900 --> 00:55:01,100
As long as we are capable. 
As long as we survive long 

905
00:55:01,100 --> 00:55:05,400
enough and are successful enough
to Shepard this technology, to 

906
00:55:05,400 --> 00:55:09,900
its mature state, where it can 
function as a viable, off-ramp, 

907
00:55:09,900 --> 00:55:13,700
and You know, means of opting 
out of the centralized 

908
00:55:13,700 --> 00:55:17,900
surveillance State, and of the 
extortionary practices of big 

909
00:55:17,900 --> 00:55:22,000
Tech, then we will have 
succeeded in my mind. 

910
00:55:22,000 --> 00:55:24,800
I don't want to die. 
I would like to succeed wildly. 

911
00:55:24,800 --> 00:55:27,600
I'd like to make a bunch of 
money for myself, and my family,

912
00:55:27,600 --> 00:55:30,000
and our future. 
But that isn't the primary 

913
00:55:30,000 --> 00:55:31,900
objective. 
The primary objective is to 

914
00:55:32,400 --> 00:55:34,500
Usher the technology to 
maturity. 

915
00:55:35,400 --> 00:55:39,300
And so, how do how do we think 
it's going? 

916
00:55:39,800 --> 00:55:40,800
I think we're doing great. 
Great. 

917
00:55:40,800 --> 00:55:42,400
I think that we are doing a good
job. 

918
00:55:42,400 --> 00:55:43,900
I think others are doing a good 
job. 

919
00:55:43,900 --> 00:55:46,900
I definitely think that we are 
leading the charge in this push 

920
00:55:46,900 --> 00:55:50,800
towards generalized, Sovereign, 
technology of which Bitcoin is 

921
00:55:50,800 --> 00:55:54,500
sort of the bleeding heart and 
centerpiece and you know spear 

922
00:55:54,500 --> 00:55:57,600
tip of the entire movement but 
it is broader than Bitcoin. 

923
00:55:57,600 --> 00:56:00,000
It is about all of Information 
Technology. 

924
00:56:00,100 --> 00:56:03,200
It's about decentralizing Earth 
information grids and bringing 

925
00:56:03,200 --> 00:56:06,700
power back to the edges of the 
network as opposed to the hubs 

926
00:56:06,700 --> 00:56:11,100
of the network and we are quite 
frankly, very It on a daily 

927
00:56:11,100 --> 00:56:15,900
basis as our community but we 
absolutely don't take it for 

928
00:56:15,900 --> 00:56:17,800
granted. 
I personally do not believe in 

929
00:56:17,800 --> 00:56:21,200
historical determinism, I 
believe that it is perfectly 

930
00:56:21,200 --> 00:56:29,200
possible that we and others and 
Bitcoin will fail and Usher in 

931
00:56:29,500 --> 00:56:34,000
perhaps, one of the darkest most
prolonged ages of tyranny and 

932
00:56:34,000 --> 00:56:36,000
oppression that the world has 
ever seen. 

933
00:56:36,600 --> 00:56:40,000
I also think it's perfectly 
possible that we will trounce 

934
00:56:40,000 --> 00:56:42,800
them. 
And beat them down like the 

935
00:56:42,800 --> 00:56:45,700
little children that they are. 
And when this thing in a matter 

936
00:56:45,700 --> 00:56:49,600
of ten years, I think those are 
the two opposing extremes I 

937
00:56:49,600 --> 00:56:53,000
think, in reality, this is 
probably a two to three 

938
00:56:53,000 --> 00:56:57,200
generation battle. 
Simply for the fact that anybody

939
00:56:57,200 --> 00:57:01,900
over the age of X I'm not going 
to offend anyone but the older 

940
00:57:01,900 --> 00:57:04,000
the generation is the more 
unlikely. 

941
00:57:04,000 --> 00:57:06,900
They are two totally learn 
something. 

942
00:57:06,900 --> 00:57:10,200
Brand-new and pivot their entire
worldview and adopt brand new 

943
00:57:10,500 --> 00:57:15,100
Ecology, it's just not feasible.
That ultimately to win a war of 

944
00:57:15,100 --> 00:57:19,600
any historic consequence. 
You need children and you need 

945
00:57:19,600 --> 00:57:21,400
their children and you need 
their children. 

946
00:57:21,400 --> 00:57:26,400
You need to new generations of 
children to completely change 

947
00:57:26,400 --> 00:57:30,900
the culture of a society. 
Lennon actually was one of the 

948
00:57:30,900 --> 00:57:34,800
more famous people to have said,
I believe, don't quote me on the

949
00:57:34,800 --> 00:57:37,700
exact wording here, but 
something like you give me two 

950
00:57:37,700 --> 00:57:40,700
generations of children and I 
will give you a None of 

951
00:57:40,700 --> 00:57:43,600
Communists. 
And we can say something 

952
00:57:43,600 --> 00:57:46,600
similar, which is you give us 
two generations of children and 

953
00:57:46,600 --> 00:57:48,900
will give you a world of 
sovereign individuals. 

954
00:57:50,200 --> 00:57:55,500
And so, it's a long game, a lot 
of bitcoiners are I think overly

955
00:57:55,500 --> 00:58:03,000
optimistic about, you know, how,
how quickly we might reach 

956
00:58:03,000 --> 00:58:05,600
Providence. 
I think it's going to take a few

957
00:58:05,600 --> 00:58:09,100
generations, and I hope to be 
alive when we get there. 

958
00:58:10,900 --> 00:58:17,800
But educating children on both 
the nature of the problem and on

959
00:58:17,900 --> 00:58:23,900
the growingly powerful Solutions
is the key to winning. 

960
00:58:24,600 --> 00:58:28,800
Absolutely. 
And you know, it's crazy because

961
00:58:28,800 --> 00:58:31,100
we're working in different, 
we're working obviously work in 

962
00:58:31,108 --> 00:58:34,500
the same industry but we're 
working in different sectors of 

963
00:58:34,500 --> 00:58:39,000
these industry and the militant 
nusenda. 

964
00:58:39,000 --> 00:58:42,100
The urgency is the same. 
Mmmmm, I say this every single 

965
00:58:42,100 --> 00:58:45,800
day or almost every say it's a 
good morning Bitcoin or slavery.

966
00:58:45,800 --> 00:58:47,600
A lot of people like you're 
being hyperbolic. 

967
00:58:48,100 --> 00:58:51,300
No, I'm not, right? 
You they're telling you exactly 

968
00:58:51,300 --> 00:58:53,300
what they want to do. 
With Central Bank, digital 

969
00:58:53,300 --> 00:58:58,600
currencies and Jack Mahler. 
Said, it said it best and you 

970
00:58:58,600 --> 00:59:01,700
said it perfectly. 
We're willing to do that. 

971
00:59:01,800 --> 00:59:06,400
Like we're willing to die on 
this hill because we understand 

972
00:59:06,400 --> 00:59:10,200
what's at stake and I completely
agree with you. 

973
00:59:10,500 --> 00:59:14,700
A last question, Matt we see 
this all the time, right? 

974
00:59:14,700 --> 00:59:17,600
Whether it's simply Bitcoin, 
whether it's start9, whether you

975
00:59:17,600 --> 00:59:21,300
know, the other militant 
bitcoiners, you know, bull 

976
00:59:21,300 --> 00:59:25,000
Bitcoin Francis, right? 
We all have this. 

977
00:59:25,000 --> 00:59:27,200
There you go. 
We all have this. 

978
00:59:28,600 --> 00:59:33,900
We all have this, I guess. 
We all kind of reached the same 

979
00:59:33,900 --> 00:59:37,400
conclusion and we're all looking
at it from a perspective of 

980
00:59:38,100 --> 00:59:42,500
look, if we don't win this. 
They're going to win and the 

981
00:59:42,500 --> 00:59:46,100
life that they want for us is 
just so atrocious. 

982
00:59:46,900 --> 00:59:48,800
Why is it that we all come to 
this? 

983
00:59:49,200 --> 00:59:54,000
Why does Bitcoin does do this to
people on a psychological level?

984
00:59:54,000 --> 00:59:57,600
Is it the freedom is it the 
freedom that they've never 

985
00:59:57,600 --> 01:00:01,400
tasted before and all of a 
sudden when they have the 

986
01:00:01,400 --> 01:00:06,900
ability to save and earn and 
money that a nation state, a 

987
01:00:06,900 --> 01:00:10,400
country, a dictator and Emperor 
can't censor or D. 

988
01:00:10,600 --> 01:00:12,700
A base. 
Is that what? 

989
01:00:12,700 --> 01:00:16,500
Just just snaps in people's 
minds and then, they appreciate 

990
01:00:16,500 --> 01:00:19,400
this newfound Freedom. 
What do you think that what do 

991
01:00:19,400 --> 01:00:21,200
you think that is? 
Because the reason I'm asking 

992
01:00:21,200 --> 01:00:24,300
this question is, because you 
said all of that, and it's 

993
01:00:24,300 --> 01:00:26,700
fascinating to me. 
I know opt he's listening to in 

994
01:00:26,700 --> 01:00:30,500
the background and we are, 
literally, I'm we think the same

995
01:00:30,500 --> 01:00:32,700
exact way. 
We're just fighting on a 

996
01:00:32,708 --> 01:00:35,400
different front. 
Why do you think Bitcoin does 

997
01:00:35,400 --> 01:00:41,200
that to people Bitcoin? 
Proved it Possible. 

998
01:00:42,400 --> 01:00:48,000
I know that personally in my 
mid-20s, I guess I'll date 

999
01:00:48,000 --> 01:00:50,000
myself. 
It was about 12 years ago. 

1000
01:00:51,700 --> 01:00:55,900
I was fairly depressed. 
Not for personal reasons. 

1001
01:00:55,900 --> 01:01:00,100
I have always been keenly 
interested in history, and 

1002
01:01:00,100 --> 01:01:05,400
politics and economics, and I 
didn't see a way. 

1003
01:01:06,200 --> 01:01:10,400
I didn't understand how you 
could defeat. 

1004
01:01:10,600 --> 01:01:18,500
Such a horrible Beast that has 
become the for lack of a better 

1005
01:01:18,500 --> 01:01:20,500
term. 
Just our society, our world. 

1006
01:01:20,800 --> 01:01:22,900
And I don't really see a way 
out. 

1007
01:01:23,100 --> 01:01:30,200
The darkest point was Ron Paul 
2012 where I saw hope in a 

1008
01:01:30,200 --> 01:01:37,200
candidate who seem to understand
the game was absolutely correct 

1009
01:01:37,200 --> 01:01:40,500
about everything and had a 
passion. 

1010
01:01:40,600 --> 01:01:49,000
In it base of young intellectual
people and I was like that is 

1011
01:01:49,000 --> 01:01:55,200
the makings of a revolution that
is what we need and watching him

1012
01:01:55,200 --> 01:01:58,800
quite frankly. 
Get flicked off the table like 

1013
01:01:58,800 --> 01:02:05,500
he was a fly pestering. 
This monster really hit me deep 

1014
01:02:05,500 --> 01:02:08,600
I realized how powerful of a 
foe. 

1015
01:02:08,900 --> 01:02:13,000
We were up against That somebody
as correct. 

1016
01:02:13,000 --> 01:02:16,900
And someone with that much 
momentum and support could just 

1017
01:02:16,900 --> 01:02:21,600
be discarded. 
I didn't. 

1018
01:02:21,600 --> 01:02:27,700
I I got depressed and shortly 
thereafter, read a couple of 

1019
01:02:27,700 --> 01:02:30,900
different things and found 
Bitcoin. 

1020
01:02:31,900 --> 01:02:36,800
Those things were for as big of 
a douchebag. 

1021
01:02:36,800 --> 01:02:40,300
As the guy is anti Fragile the 
seemed to leap. 

1022
01:02:41,400 --> 01:02:47,000
Sovereign individual. 
I read mastering Bitcoin and 

1023
01:02:47,000 --> 01:02:49,000
ultimately just went down the 
Bitcoin Rabbit. 

1024
01:02:49,000 --> 01:02:54,100
Hole also a heavy dose of Ian 
Rand and arrived at the 

1025
01:02:54,100 --> 01:02:58,700
conclusion that there actually 
was a way that there was a weak 

1026
01:02:58,700 --> 01:03:05,100
point in the armor of the enemy 
and further more and more 

1027
01:03:05,100 --> 01:03:10,500
importantly that the enemy only 
derives its power from. 

1028
01:03:10,600 --> 01:03:16,400
From us, that is itself, 
impotent and incapable of doing 

1029
01:03:16,400 --> 01:03:21,600
anything without the support 
consent and productive energy of

1030
01:03:22,000 --> 01:03:26,400
its of the people it wants to 
dominate. 

1031
01:03:27,000 --> 01:03:30,200
And so I was like, wow, we're 
actually fighting against an 

1032
01:03:30,200 --> 01:03:34,000
impotent blob. 
That all you have to do is 

1033
01:03:34,000 --> 01:03:38,700
recognize its nature and 
opt-out, essentially strike. 

1034
01:03:39,000 --> 01:03:42,200
Opt-out, don't feed it. 
It and it'll just die like the 

1035
01:03:42,200 --> 01:03:45,200
slug it is. 
And that Bitcoin was the 

1036
01:03:45,200 --> 01:03:50,100
ultimate means of opting out 
because the central power of 

1037
01:03:50,100 --> 01:03:54,600
this monster comes from its 
ability to create and control 

1038
01:03:54,800 --> 01:03:57,400
money. 
And that when you create 

1039
01:03:57,400 --> 01:03:59,800
Bitcoin, I didn't view Bitcoin 
as a weapon. 

1040
01:04:00,100 --> 01:04:05,500
I viewed Bitcoin as an exit ramp
a way to get out of the 

1041
01:04:05,500 --> 01:04:09,900
financial and monetary system. 
And therefore, starve, the 

1042
01:04:09,900 --> 01:04:12,600
Beast, right? 
It can't survive without our 

1043
01:04:12,600 --> 01:04:17,700
economic contribution then with 
sovereign individual plus. 

1044
01:04:17,700 --> 01:04:20,800
My own Acumen is a developer 
plus surrounding myself with 

1045
01:04:20,800 --> 01:04:24,200
like-minded people discovered, a
way that I could also get into 

1046
01:04:24,200 --> 01:04:28,300
this fight and give people a way
of opting out of the information

1047
01:04:28,300 --> 01:04:30,600
grid. 
So not only can you opt out of 

1048
01:04:30,600 --> 01:04:34,100
money but you can opt out of 
data, you can take back your 

1049
01:04:34,100 --> 01:04:37,600
data from the grid. 
And I realized that the monster 

1050
01:04:37,600 --> 01:04:41,000
was Diving as much on its 
ability to create and control 

1051
01:04:41,000 --> 01:04:44,900
money, as it was on its ability 
to surveil and control 

1052
01:04:44,900 --> 01:04:49,600
information. 
Bingo, bingo. 

1053
01:04:51,100 --> 01:04:55,100
Is Bitcoin John Galt. 
Satoshi. 

1054
01:04:55,400 --> 01:04:57,900
Maybe yeah. 
I mean it's definitely dick 

1055
01:04:57,900 --> 01:05:02,000
going. 
Yeah, I mean, what did John John

1056
01:05:02,000 --> 01:05:05,700
Galt convinced the most 
productive intelligent, you 

1057
01:05:05,700 --> 01:05:10,500
know, leaders and people who 
move the world to opt out to 

1058
01:05:10,500 --> 01:05:13,800
stop giving their productive 
energy to the vet to their 

1059
01:05:13,800 --> 01:05:16,400
destroyers? 
And I think that's what Bitcoin 

1060
01:05:16,400 --> 01:05:19,900
is doing. 
Is it is it is discovering or 

1061
01:05:20,100 --> 01:05:23,300
allowing itself to be discovered
by the best of us. 

1062
01:05:23,600 --> 01:05:26,700
And so, Only but surely we are 
removing ourselves from that 

1063
01:05:26,700 --> 01:05:31,100
system. 
Start9, for example, has a goal 

1064
01:05:31,700 --> 01:05:35,300
of being on a complete Bitcoin 
standard by the end of 2020 3, 

1065
01:05:35,300 --> 01:05:38,100
we will not participate in the 
Fiat Financial system. 

1066
01:05:38,100 --> 01:05:40,600
If somebody wants to buy a 
device from us and they have 

1067
01:05:40,600 --> 01:05:43,300
dollars, they will have to 
figure out a way to convert 

1068
01:05:43,300 --> 01:05:47,300
those dollars to bitcoin just in
time to pay us in Bitcoin. 

1069
01:05:47,300 --> 01:05:51,400
If someone wants to be paid by 
us and they want dollars, they 

1070
01:05:51,400 --> 01:05:53,500
will have to figure out a way to
convert the Bitcoin that we're 

1071
01:05:53,500 --> 01:05:56,100
going to pay. 
I'm with installers and we are 

1072
01:05:56,100 --> 01:06:00,500
doing this appropriately and you
know, strategically we're not 

1073
01:06:00,500 --> 01:06:03,000
going to do it overnight because
it would basically mean the 

1074
01:06:03,000 --> 01:06:06,800
destruction of our business but 
gradually, we will move away 

1075
01:06:06,800 --> 01:06:09,900
from the dollar and all of their
Fiat standards and currencies 

1076
01:06:10,800 --> 01:06:13,900
beautiful, man, I enjoyed that 
conversation. 

1077
01:06:14,500 --> 01:06:19,900
The coin insulates capitalism 
and individuals from I don't 

1078
01:06:19,900 --> 01:06:23,100
want to use opt, he's words, but
what is it? 

1079
01:06:23,100 --> 01:06:26,300
I like, I call them the monetary
demons Opti calls them, the 

1080
01:06:26,300 --> 01:06:28,300
high-level parasites. 
Yeah. 

1081
01:06:28,300 --> 01:06:31,600
And it protects protects 
individuals. 

1082
01:06:31,600 --> 01:06:34,400
The likes of, which has never 
been seen before, Matt Hill. 

1083
01:06:34,600 --> 01:06:37,800
That was quite a ride. 
I really enjoyed that. 

1084
01:06:38,200 --> 01:06:40,600
Why don't you tell everybody 
where they can find you? 

1085
01:06:40,600 --> 01:06:42,800
And of course what you're 
working on? 

1086
01:06:44,100 --> 01:06:51,800
I'm on Twitter at underscore 
Matt, Hill underscore start9 is 

1087
01:06:51,800 --> 01:06:56,100
start. 
Nine.com Follow those two tracks

1088
01:06:56,100 --> 01:06:58,700
and you'll get a good picture of
what we do and who we are and 

1089
01:06:58,700 --> 01:07:00,600
why we're doing it. 
Now, what products we have 

1090
01:07:00,600 --> 01:07:05,000
available and we have a telegram
chat, which I don't know off the

1091
01:07:05,000 --> 01:07:07,700
top of my head, I think it's 
TDOT me to start 9 underscore 

1092
01:07:07,700 --> 01:07:11,000
Labs, don't quote me on that. 
We're that's the sort of 

1093
01:07:11,008 --> 01:07:14,400
community Hub unfortunately. 
Out of all three of those things

1094
01:07:14,400 --> 01:07:18,900
that I just said, two of them 
are hosted centralized Services.

1095
01:07:20,200 --> 01:07:23,600
We're working on it. 
We're working on it soon as the 

1096
01:07:23,600 --> 01:07:24,400
chain. 
Change. 

1097
01:07:24,400 --> 01:07:27,000
And I'm sure that you guys will 
figure it out. 

1098
01:07:27,200 --> 01:07:30,000
Anyways guys, those another 
episode of Simply Bitcoin IRL 

1099
01:07:30,200 --> 01:07:32,100
and I'm going to put you back 
stage for a second. 

1100
01:07:32,100 --> 01:07:35,800
We will see you tomorrow back at
the live show 12:15 p.m. 

1101
01:07:35,800 --> 01:07:38,500
Eastern Standard Time. 
Love you all. 

1102
01:07:38,500 --> 01:07:40,200
We'll catch you tomorrow. 
See you later.