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platform. 
How's it going, man? 

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00:01:22,040 --> 00:01:22,600
Good. 
How are you? 

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Thanks for having us. 
Yeah, excited to chat a little 

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bit about Block Stream and J 
Plus today we have Rich here up 

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on stage. 
Hey, Rich, good morning. 

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Good morning. 
All right, I think we got 

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everyone here, so we are ready 
when you are. 

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Awesome. 
See Rich here, Drew and then we 

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have the block stream Jade 
account as well. 

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Who's who's on the Block? 
Stream Jade account here. 

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Hey everyone, this is Barshak. 
Can you hear me all well? 

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Hey, Barshak, Good morning. 
Awesome. 

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Good morning to you. 
Cool. 

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Let's kick things off here. 
I know Adam back is currently in

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flight. 
He may be able to join us later,

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but nonetheless integrate 
experts up here on the stage. 

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Good morning, good evening, good
afternoon. 

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Every guys are tuning in. 
I'm Alan over here from Bitcoin 

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magazine going to be chatting 
through lock streams release of 

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their J Plus device, which was 
appropriately launched on the 

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16th anniversary Bitcoin's 
genesis block before diving in 

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to jade plus for anybody new to 
the space, obviously block 

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stream needs no introduction. 
There's a formality. 

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Block stream is a leading 
Bitcoin infrastructure company 

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dedicated to advancing the 
Bitcoin ecosystem with cutting 

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edge cryptography, open source 
technology and user centric 

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solutions. 
Adam Back, their CEO is a true 

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pioneer in the Bitcoin space, 
known for his invention of hash 

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cash approval work system that 
laid the fund for Bitcoin. 

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Before we get into J Plus man, I
have to acknowledge it's been a 

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whirlwind of 48 hours. 
Got to mention the hardening of 

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Ross Ulbricht last night. 
Certainly an exciting moment. 

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Extraordinary mode not just for 
Ross and his family, but for 

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Bitcoin and Bitcoin advocacy. 
So shout out to Ross, to the 

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team and the block stream team 
up here. 

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Before we get into the Vice, 
would love to get your thoughts 

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on the freeing of Ross. 
It's just kind of an ice breaker

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here. 
Where were you when you heard 

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the news? 
What do you think this signals 

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to Bitcoin when the stands to 
the current administration? 

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I was in my kitchen cooking some
late dinner when I heard the 

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news on Twitter. 
It was awesome news to hear and 

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actually the first thing I did 
was re listen to the talk that 

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you guys had at one of the 
Bitcoin conferences. 

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I think it was 21 or 22, very 
emotional speech that he gave 

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over the phone pre recorded and 
man go Ross, go him and go 

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Bitcoin. 
Drew with the same person except

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that was cleaning dinner or 
clean up after dinner and I put 

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the same talk on Bitcoin 2021 I 
believe it was and Ross was 

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speaking from prison really 
powerful speech there and just 

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super exciting. 
You know it didn't happen. 

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Maybe it happened day one. 
You know, the 1st 24 hours as 

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skeptical, hoping it was going 
to come through and you know, 

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after seeing that happen, I have
a lot of confidence and hope in 

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this administration and being 
able to, you know, achieve the 

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rest of the the things that they
put out to do. 

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Yeah, finally. 
I was also with my kid and the 

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speech definitely gave me tears.
I was mostly happy for my kid 

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and the future. 
I'm so excited for what's next. 

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It was a really great, great 
step towards more advocacy. 

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Yeah, super exciting moment last
night. 

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I hope Ross gets the well 
deserved rest that he has 

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earned. 
And you know, there's a funny 

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meme going around saying that 
you know how terrible Trump to 

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condemn Ross 21 years of 
libertarian and Bitcoin podcast.

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But I hope people give him a 
second to rest. 

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Super happy for him and his 
family. 

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But into getting into the crux 
of the conversation. 

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They definitely want to talk on 
the release of your guys's 

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latest advice. 
J Plus. 

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Good place to dive in here. 
What better than what J does? 

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It's a security device, self 
custody device. 

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Let's chat. 
Some security features start 

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open question to the panel here.
What are some of the must have 

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security features that 
bitcoiners should look for in a 

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hardware wallet and how does J 
Plus meet or exceed those 

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standards? 
Yeah, I can kick this off here. 

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You know #1 we all talk about, 
you know what Bitcoin is open 

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source, and I think that's the 
first thing you want to look for

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in your hardware wallet, fully 
open source device software, 

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hardware. 
You want to make sure that the 

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device is doing what it says 
it's it's doing, that you can 

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verify the firmware that you're 
running on yours is the same one

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on the code base. 
But there's also some other fun 

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things you can add to 
specifically for Jade. 

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Plus, we added a hardware check 
to make sure that the device was

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indeed manufactured by 
Blockstream and not some sort of

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clone that looks similar that 
someone else was trying to ship 

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to people maliciously. 
So we have a really cool feature

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there. 
You pair green, you pair green 

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and Jade together, or you can 
use our web app if you're a 

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Sparrow Nunchuck user using 
other companion platform and it 

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actually has jade sign a 
challenge to make sure that it 

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was indeed manufactured by block
stream. 

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So again, open source is 
important. 

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You want to make sure it's doing
what it says it's doing. 

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I think Bitcoin only is also 
important just so you can have a

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smaller code base. 
You can have engineers focusing 

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on keeping your Bitcoin 
protected and not focused on too

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many other things. 
That's always good to have. 

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And then another fun feature 
with Jade, we have Anti X will 

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support one of the two wallets 
who does have that. 

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And that kind of protects you 
against the anti, it's called 

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Anti X fill protects you against
the dark Skippy kind of attack 

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that was popular this summer 
where someone could slowly 

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extract your private keys over 
enough transactions. 

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Yeah, I think overall, make sure
device is open source. 

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You can make sure it's doing 
what it says it's doing. 

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And then look for some of those 
extra features as well. 

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Maybe I can add some color from 
a user experience point of view,

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too, because I drive our design 
and UX research efforts. 

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You know, in Bitcoin custody, 
there are a lot of complex 

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security practices, a lot of 
jargon, a lot of concepts that 

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users need to wrap their heads 
around. 

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You know, see phrases, backups, 
pass phrases, Pins, air gap 

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00:07:02,440 --> 00:07:04,960
security practices. 
These are all really great, you 

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00:07:04,960 --> 00:07:07,760
know, security protocols and 
best practices that users should

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follow. 
Well, yeah, with J Plus, we aim 

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to kind of simplify the 
experience without compromising 

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on all of these security 
features. 

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So we made sure that, you know, 
the experience is simple for 

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novices while still, you know, 
keeping the advanced features 

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and the more complex security 
features still accessible and 

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00:07:27,040 --> 00:07:29,320
discoverable by the advanced 
users. 

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So I kind of like the whole 
versatility and kind of it's the

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way J Plus adopts itself based 
on the users kind of familiarity

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with the technology. 
You guys mentioned the, the, you

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know, one of the key features of
J plus being adaptable to, you 

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know, the end user and wherever 
they're at in their Bitcoin 

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journey, whether they're new to 
Bitcoin or experts. 

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You guys have obviously had a 
lot of experience creating, you 

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know, other devices as well 
through those learnings. 

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You know what are some common 
miss practices for new users who

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00:08:01,720 --> 00:08:04,200
are looking to custody of their 
Bitcoin for the first time, and 

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how does Jade make that easier 
for them? 

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00:08:06,880 --> 00:08:09,320
Yeah, you'll see a lot of users,
you know, we have this term 

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wallet in the industry that I 
think has gained too much 

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traction when it shouldn't 
really be there. 

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And so people have a hard time 
understanding where their keys 

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live or what exactly keys are or
why do I need to connect my 

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hardware wallet to a phone, 
things like that. 

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And so you see a lot of 
confusion of people just, you 

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know, creating a seed phrase on 
a mobile app, then putting that 

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00:08:27,160 --> 00:08:29,320
on their Jade, for example. 
And so we try to make that 

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easier by having a dedicated 
companion app block stream 

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green. 
So when you open up green, 

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you're directed to set up your 
jade. 

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We have a nice set up flow there
for you. 

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So you're kind of understanding 
that this device is paired with 

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green and the funds that you see
on green are not they don't 

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exist on green and you know, it 
actually exists on the 

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blockchain. 
But that's a whole another story

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of the kind of beginner 
confusion. 

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But we do allow users this 
really nice setup flow. 

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They can pair their jade with 
green, make sure they're not 

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putting their seed phrase 
somewhere dangerous. 

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Make sure we are letting them 
know, you know, don't screenshot

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this, don't put this on your 
iCloud backup or whatever. 

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00:08:59,880 --> 00:09:02,000
This is a, you know, seed words.
These are your Bitcoin here. 

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And so we try to guide users 
through that and let them know 

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about the pitfalls along the 
way. 

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00:09:06,480 --> 00:09:08,600
New listeners here and a new 
Bitcoiners here. 

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00:09:08,600 --> 00:09:11,560
Could you walk through a little 
bit of what Blockstream Green is

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00:09:11,680 --> 00:09:16,680
and how it's compatible with J? 
Yeah, Blockstream Green is our 

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00:09:16,680 --> 00:09:19,240
dedicating companion app for 
Jade, Jade and Jade. 

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00:09:19,440 --> 00:09:23,600
It was originally just a mobile 
wallet with a basically your 

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00:09:23,600 --> 00:09:26,360
seed phrase lives on your phone.
We have a really cool encryption

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scheme that allows it to not be 
easily extractable if we use 

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something called a blind Oracle 
to keep the decryption keys off 

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00:09:32,320 --> 00:09:33,680
your device. 
So that's maybe a little more 

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00:09:33,680 --> 00:09:36,560
technical of a discussion there.
But Long story short, yeah, the 

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block stream green allows you to
have keys on your phone so you 

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can easily spend from your 
mobile wallet, no extra device 

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00:09:41,960 --> 00:09:43,720
needed. 
And then block stream Jade comes

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00:09:43,720 --> 00:09:47,280
into play by being this kind of 
extra piece of, you know, this 

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00:09:47,280 --> 00:09:49,440
extra hardware, this extra thing
of it piece of information that 

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00:09:49,440 --> 00:09:50,840
you need in order to spend 
funds. 

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00:09:50,840 --> 00:09:53,760
So that would be the separate 
device that you pair to block 

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00:09:53,760 --> 00:09:56,440
stream green to allow you to 
connect to the Internet. 

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00:09:56,480 --> 00:09:58,720
Hardware wallets are extra 
secure because they have small 

203
00:09:58,720 --> 00:10:00,720
attack vectors. 
They're not directly connected 

204
00:10:00,720 --> 00:10:02,200
to the Internet. 
They're kind of their own thing 

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00:10:02,200 --> 00:10:04,760
specifically designed just to 
keep your Bitcoin private key 

206
00:10:04,760 --> 00:10:06,400
safe. 
And so when you connect to 

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00:10:06,400 --> 00:10:08,240
green, you now have an access to
the Internet. 

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00:10:08,240 --> 00:10:10,480
Bitcoin lives on the Internet, 
so we need some sort of access 

209
00:10:10,480 --> 00:10:12,400
to that. 
And so green allows you to 

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00:10:12,400 --> 00:10:15,800
generate transaction, generate 
transactions, generate receive 

211
00:10:15,800 --> 00:10:18,520
addresses, allow people to send 
you Bitcoin without needing your

212
00:10:18,520 --> 00:10:20,480
hardware wallet. 
And when you're ready to spend 

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00:10:20,480 --> 00:10:23,600
those keys that live on jade 
compared to green and like to 

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00:10:23,600 --> 00:10:27,000
send funds. 
I want to quickly circle back to

215
00:10:27,080 --> 00:10:30,320
some earlier comments made about
threats and attack factors and 

216
00:10:30,320 --> 00:10:31,920
how Jade can protect against 
that. 

217
00:10:31,920 --> 00:10:34,760
I know you mentioned certain 
features like Secure boot, anti 

218
00:10:34,760 --> 00:10:38,800
X fill and even genuine check. 
In your guys's opinion, you 

219
00:10:38,800 --> 00:10:42,200
know, what are some of the top 
attack factors that you guys 

220
00:10:42,200 --> 00:10:46,560
have seen in your experience and
perhaps maybe dive a little bit 

221
00:10:46,560 --> 00:10:50,560
deeper into, you know, secure 
boot, anti X fill continuing 

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00:10:50,560 --> 00:10:53,800
check and how these features 
differentiate from maybe other 

223
00:10:53,800 --> 00:10:55,760
potential competitor wallets in 
the space? 

224
00:10:56,600 --> 00:11:00,840
For sure, yeah, Secure Boot 
basically allows us to make sure

225
00:11:00,840 --> 00:11:04,200
that the firmware that is 
running on your J device is 

226
00:11:04,200 --> 00:11:06,400
signed by block stream. 
So it's firmware that our team 

227
00:11:06,400 --> 00:11:08,880
is signed off on the same 
firmware that you can view on 

228
00:11:08,880 --> 00:11:11,840
GitHub and see the exact block 
stream Jade code, making sure 

229
00:11:11,840 --> 00:11:13,080
it's doing, but it says it's 
doing. 

230
00:11:13,080 --> 00:11:14,480
It's not leaking your keys in 
any way. 

231
00:11:14,840 --> 00:11:17,600
Yeah, Secure Boot there. 
Make sure that the device is 

232
00:11:17,600 --> 00:11:18,800
running what you want it to be 
running. 

233
00:11:19,360 --> 00:11:23,160
Genuine check allows us to 
inject keys into the E fuse of 

234
00:11:23,160 --> 00:11:25,240
your block stream. 
Jade sounds technical, but it 

235
00:11:25,240 --> 00:11:28,280
basically just means that Jade 
can sign a challenge presented 

236
00:11:28,280 --> 00:11:32,120
to it by block stream and that 
says these keys were put on here

237
00:11:32,120 --> 00:11:34,720
by block stream, same as a 
private key on your Bitcoin 

238
00:11:34,720 --> 00:11:37,200
wall, for example. 
You can't replicate it and we 

239
00:11:37,200 --> 00:11:38,680
could. 
That allows us to to prove that 

240
00:11:38,680 --> 00:11:41,480
the device was made by us. 
It's not some clone someone's 

241
00:11:41,480 --> 00:11:43,120
trying to trick you with to 
steal your funds. 

242
00:11:44,240 --> 00:11:46,040
Some other things that are a 
little bit different, like I 

243
00:11:46,040 --> 00:11:49,760
mentioned, anti X fill only jade
and bit box offer that it's a 

244
00:11:49,840 --> 00:11:52,440
little bit of a technical 
attack, but in theory, someone 

245
00:11:52,440 --> 00:11:55,320
could slowly extract your 
private keys over time. 

246
00:11:55,320 --> 00:11:58,160
And so block stream green and 
block stream jade work together 

247
00:11:58,560 --> 00:12:01,920
to randomize this information 
allowed not to be the attack 

248
00:12:01,920 --> 00:12:04,240
allows you to kind of send the 
same knots over and the light 

249
00:12:04,360 --> 00:12:07,360
slowly extract private keys and 
so green and jade work together 

250
00:12:07,360 --> 00:12:08,680
to make sure that's not the same
knots. 

251
00:12:08,680 --> 00:12:11,080
It's randomized and kind of 
avoid that. 

252
00:12:11,080 --> 00:12:14,200
That attack Dark Skippy is the 
popular version of this. 

253
00:12:15,160 --> 00:12:18,080
Said dark Skippy was something 
that kind of came to light was a

254
00:12:18,080 --> 00:12:19,800
popular attack earlier this 
summer. 

255
00:12:19,880 --> 00:12:23,200
What are some of the signs that 
someone just performing that 

256
00:12:23,200 --> 00:12:26,000
attack on maybe you know, your 
device or on you? 

257
00:12:27,360 --> 00:12:29,320
I don't even know if that's the 
technical right there, but it's.

258
00:12:29,760 --> 00:12:31,840
Yeah, right. 
I know this stuff gets technical

259
00:12:31,840 --> 00:12:35,280
and maybe above the scope of 
this, but people can do clever 

260
00:12:35,280 --> 00:12:37,120
things, I think. 
I don't know if this is exactly 

261
00:12:37,120 --> 00:12:39,680
dark Skippy, but one of the 
things that could maybe happen 

262
00:12:39,680 --> 00:12:43,240
is your hardware wallet is asked
to sign the same transaction 

263
00:12:43,240 --> 00:12:44,680
twice. 
And you got to make sure that 

264
00:12:44,680 --> 00:12:46,640
the firmware is made kind of 
catches that for you. 

265
00:12:46,640 --> 00:12:49,680
But there's ways that you can 
sign transactions in a weird way

266
00:12:49,680 --> 00:12:52,480
and slowly extract private keys 
through this method. 

267
00:12:52,480 --> 00:12:54,720
And yeah, that's just one of the
things that anti XFL does is 

268
00:12:55,040 --> 00:12:57,440
make sure that first of all, we 
don't allow this to happen in 

269
00:12:57,440 --> 00:13:00,040
the 1st place, and also that we 
catch things if they look odd. 

270
00:13:00,040 --> 00:13:02,400
So not it's, you know, that's 
why it's so clever. 

271
00:13:02,400 --> 00:13:04,040
It's because it's hard to detect
by people. 

272
00:13:04,040 --> 00:13:06,960
It could just be slowly over 
time signing random transactions

273
00:13:06,960 --> 00:13:09,600
that you would be sending anyway
and align them to get key data 

274
00:13:09,600 --> 00:13:13,360
from that. 
I wanted to move into expanding 

275
00:13:13,360 --> 00:13:16,320
on Jade versus Jade Plus. 
You know what sets Box Stream 

276
00:13:16,320 --> 00:13:19,560
Jade apart from other hardware 
wallets in the market today? 

277
00:13:19,560 --> 00:13:22,680
And then how does Jade Plus 
build upon the original Jade 

278
00:13:22,680 --> 00:13:25,160
model? 
If you don't mind Rich, I'll 

279
00:13:25,160 --> 00:13:26,640
take this. 
Go for it. 

280
00:13:26,920 --> 00:13:31,600
Oh, the Jade came out in 2021. 
It was Block Streams little pet 

281
00:13:31,600 --> 00:13:35,520
project to showcase that you 
could cold storage liquid 

282
00:13:35,520 --> 00:13:37,720
assets. 
Liquid's a side chain. 

283
00:13:37,720 --> 00:13:39,560
We don't have to go down that 
rabbit hole today. 

284
00:13:39,960 --> 00:13:44,800
So block streams ethos is pretty
much open source everything that

285
00:13:44,800 --> 00:13:46,920
you possibly can. 
And while they followed through 

286
00:13:46,920 --> 00:13:50,360
on the hardware wallet, as Rich 
has mentioned multiple times, 

287
00:13:50,360 --> 00:13:53,480
Jade is completely open source 
that from the firmware to the 

288
00:13:53,480 --> 00:13:56,200
hardware itself. 
So if you don't want block 

289
00:13:56,200 --> 00:13:59,520
stream to make the Jade for you,
you can get off the shelf parts 

290
00:13:59,800 --> 00:14:03,320
at online for whatever 20-30 
bucks and you can make your own 

291
00:14:03,320 --> 00:14:06,680
Jade, which is really cool and 
really easy to do. 

292
00:14:06,920 --> 00:14:09,600
But when you do that, you don't 
get like some of the cool things

293
00:14:09,600 --> 00:14:12,840
like a camera or a battery. 
But again, we don't need to talk

294
00:14:12,840 --> 00:14:16,080
about that now. 
So as I mentioned, Block Stream 

295
00:14:16,080 --> 00:14:18,440
came out with the original Jade 
into 2021. 

296
00:14:18,600 --> 00:14:21,080
Over the last couple years, 
we've really ramped up 

297
00:14:21,080 --> 00:14:23,880
production and sales and 
marketing around the Jade. 

298
00:14:24,200 --> 00:14:27,320
And with that, we've heard more 
and more features that customers

299
00:14:27,320 --> 00:14:30,240
have wanted. 
So they wanted a better camera, 

300
00:14:30,240 --> 00:14:32,680
They wanted a better screen, 
bigger screen. 

301
00:14:32,920 --> 00:14:35,400
They didn't like the scroll 
wheel that was on the original 

302
00:14:35,400 --> 00:14:37,480
Jade. 
And so over the years, we've 

303
00:14:37,520 --> 00:14:40,320
been taking all this data in and
we've been saying, all right, 

304
00:14:40,640 --> 00:14:42,600
what's the most important thing 
that we need to tackle? 

305
00:14:43,040 --> 00:14:44,880
And the first thing was bigger 
screen. 

306
00:14:44,960 --> 00:14:47,360
We need a bigger screen. 
People were having a tough time 

307
00:14:47,360 --> 00:14:50,600
scanning QR codes on the Jade 
and they were having a tough 

308
00:14:50,600 --> 00:14:53,680
time actually scanning QR codes 
with the camera. 

309
00:14:54,160 --> 00:14:57,720
So the Jade Plus has iterated on
the original Jade. 

310
00:14:58,040 --> 00:15:01,000
The original Jade will still be 
sold and supported for the time 

311
00:15:01,000 --> 00:15:04,840
to for a we have no end date in 
mind for the original Jade. 

312
00:15:05,240 --> 00:15:08,920
And the Jade Plus has, as I 
mentioned, a bigger and brighter

313
00:15:08,920 --> 00:15:13,360
screen, a better camera. 
A it comes in a metal body that 

314
00:15:13,360 --> 00:15:16,640
you can have attachments now. 
So people were complaining about

315
00:15:16,640 --> 00:15:18,440
that. 
You can't upgrade the original 

316
00:15:18,440 --> 00:15:21,680
Jade's firmware totally air 
gapped with the new Jade. 

317
00:15:21,680 --> 00:15:25,400
You can with the SD card. 
With an SD card or we're selling

318
00:15:25,400 --> 00:15:26,920
a new product called the Jade 
Link. 

319
00:15:27,200 --> 00:15:30,280
It's a USBC storage. 
You can upload all the firmware 

320
00:15:30,280 --> 00:15:33,920
onto that device, plug it into 
your Jade, upgrade your jade. 

321
00:15:34,160 --> 00:15:35,640
It takes less than 10 seconds to
do. 

322
00:15:35,640 --> 00:15:38,280
It's pretty slick actually. 
I think I said everything. 

323
00:15:38,280 --> 00:15:43,040
Did I get everything guys? 
Maybe we can also talk a bit 

324
00:15:43,040 --> 00:15:45,040
more about the form factor as 
well. 

325
00:15:45,040 --> 00:15:47,720
So the new form factor is 
definitely much more powerful. 

326
00:15:48,200 --> 00:15:51,600
Also new better metal material 
improvements. 

327
00:15:52,040 --> 00:15:55,720
Also new interaction models, you
know, with the form factor, with

328
00:15:55,720 --> 00:16:00,480
the larger display and you know,
facilitating better tactile 

329
00:16:00,480 --> 00:16:04,800
buttons, simple buttons to 
provide at the end of the day a 

330
00:16:04,800 --> 00:16:07,600
much more intuitive and 
responsive user experience too. 

331
00:16:08,120 --> 00:16:10,920
That also led to better 
navigation and user experience, 

332
00:16:10,920 --> 00:16:13,800
again for users. 
Yeah, the form factor, the 

333
00:16:13,800 --> 00:16:16,160
device looks very slick. 
For those who haven't seen yet, 

334
00:16:16,160 --> 00:16:19,800
we have pinned up in the the 
Nest here just the release 

335
00:16:20,160 --> 00:16:23,320
announcement of the the Jade 
device and and that you can see 

336
00:16:23,320 --> 00:16:26,440
a video of the device itself 
looks very sleek. 

337
00:16:27,360 --> 00:16:29,560
One of the better looking 
devices that I've seen out there

338
00:16:29,560 --> 00:16:33,680
doesn't necessarily just like 
AUSB stick, which I'm sure is 

339
00:16:33,680 --> 00:16:37,840
more enticing to, you know, 
users who are exploring whole 

340
00:16:37,840 --> 00:16:40,800
storage devices. 
I know you guys mentioned 

341
00:16:40,880 --> 00:16:43,120
briefly in there, you know, one 
of the one of the big 

342
00:16:43,120 --> 00:16:46,520
functionalities and big aspects 
of the NUJ devices, it's air gap

343
00:16:46,680 --> 00:16:49,240
functionality. 
Certainly a highlight, you know,

344
00:16:49,240 --> 00:16:50,560
for users you might not be 
familiar. 

345
00:16:50,560 --> 00:16:53,920
Could you explain what air gap 
means and why it's, you know, a 

346
00:16:53,920 --> 00:16:56,360
crucial component for Bitcoin 
security? 

347
00:16:59,120 --> 00:17:00,840
Yeah. 
So the air gap, the term there 

348
00:17:00,840 --> 00:17:03,560
is used for a lot of different 
things in the computing 

349
00:17:03,560 --> 00:17:05,280
industry. 
But in the way that Bitcoin 

350
00:17:05,280 --> 00:17:07,920
hardware, while it's used the 
term, it essentially means that 

351
00:17:07,920 --> 00:17:12,319
you are in control of all of the
data being sent to or from your 

352
00:17:12,319 --> 00:17:14,960
hardware wallet. 
And so we do this in the form of

353
00:17:14,960 --> 00:17:19,000
QR codes or also files on, as 
Drew said, Jade link or the USBC

354
00:17:19,079 --> 00:17:22,720
accessory, or you can use a 
micro SD card similar to how 

355
00:17:22,720 --> 00:17:25,640
other devices do this. 
And so if you ever want Jade to 

356
00:17:25,640 --> 00:17:28,720
have data sent to it, you're not
connected via USB cable or 

357
00:17:28,720 --> 00:17:31,080
Bluetooth. 
You're solely saying scan this 

358
00:17:31,080 --> 00:17:32,920
QR code. 
This is the only data I want you

359
00:17:32,920 --> 00:17:35,360
to consume. 
And so in a lot of sense, you 

360
00:17:35,360 --> 00:17:38,200
could say, well, now I know 
there's not anything malicious 

361
00:17:38,200 --> 00:17:40,680
being sent because in theory, I 
could audit that QR code. 

362
00:17:40,680 --> 00:17:42,160
I could look exactly at the 
file. 

363
00:17:42,760 --> 00:17:44,400
People are not gonna do that 
every time they sign a 

364
00:17:44,400 --> 00:17:47,080
transaction. 
But in theory, you know exactly 

365
00:17:47,080 --> 00:17:49,680
what data is being sent to or 
from your hardware wallet, which

366
00:17:49,680 --> 00:17:54,200
could be a security improvement.
I will note that because QRSD 

367
00:17:54,200 --> 00:17:56,680
can be a little finicky, I mean 
just having to go back and forth

368
00:17:56,680 --> 00:17:59,000
between the device. 
Obviously nothing's going to be 

369
00:17:59,000 --> 00:18:01,520
the Bluetooth connection. 
Even though Jade is amazing at 

370
00:18:01,520 --> 00:18:04,560
both QR and SD, Bluetooth is 
just automatic right away. 

371
00:18:04,560 --> 00:18:07,400
Same with USB cable. 
No need to point your Jade at 

372
00:18:07,400 --> 00:18:09,080
the screen, the message just 
happens. 

373
00:18:09,080 --> 00:18:11,520
And that way we can allow 
something like anti Expo. 

374
00:18:11,520 --> 00:18:14,680
As I mentioned before, to do 
that same process with QRSD 

375
00:18:14,680 --> 00:18:17,880
cards, you have to do multiple 
rounds of putting the SD card in

376
00:18:17,880 --> 00:18:20,200
and out of your computer a few 
times to make sure that this 

377
00:18:20,440 --> 00:18:22,600
anti Expo procedure works. 
Air gap is awesome, and if 

378
00:18:22,600 --> 00:18:24,920
you're going to out of the data,
that's really cool to be able to

379
00:18:24,920 --> 00:18:27,160
do that. 
But as with everything in 

380
00:18:27,160 --> 00:18:29,600
Bitcoin and in life, there's 
trade-offs and benefits to every

381
00:18:29,920 --> 00:18:33,480
kind of communication method. 
One topic we haven't gotten into

382
00:18:33,480 --> 00:18:37,440
yet is the multi signature and 
it's, you know, for I guess 

383
00:18:37,440 --> 00:18:40,680
maybe not the beginning user, 
but the more intermediate and 

384
00:18:40,680 --> 00:18:43,520
advanced user who has a 
significant amount of Bitcoin 

385
00:18:43,560 --> 00:18:46,000
wants to spread out their risk. 
You know it's a. 

386
00:18:46,000 --> 00:18:48,520
It's a important feature to 
have. 

387
00:18:49,360 --> 00:18:53,360
How does Jade make setting up a 
multi sig setup accessible for 

388
00:18:53,360 --> 00:18:56,560
people? 
Yeah, I mean with block stream 

389
00:18:56,560 --> 00:18:58,720
green, again you can use Jade 
with any companion app out 

390
00:18:58,720 --> 00:19:01,040
there, Sparrow, Nunchuck. 
But with green specifically, we 

391
00:19:01,040 --> 00:19:04,880
have a built in kind of beginner
like multi sig where your seed 

392
00:19:04,880 --> 00:19:06,800
phrase doesn't become the single
point of failure. 

393
00:19:06,920 --> 00:19:10,120
You can very easily add a 2FA 
method to your account to where 

394
00:19:10,120 --> 00:19:12,200
Block Stream holds a key and you
hold the key as well. 

395
00:19:12,760 --> 00:19:14,960
This does not mean Blockstream 
can spend your funds, we just 

396
00:19:15,040 --> 00:19:18,240
offer this service as an extra 
challenge to whenever you want 

397
00:19:18,240 --> 00:19:19,600
to spend. 
So if someone finds your seat 

398
00:19:19,600 --> 00:19:22,320
phrase in your house, they also 
need your two FA method to be 

399
00:19:22,320 --> 00:19:24,520
able to spend. 
The cool thing about this is 

400
00:19:24,520 --> 00:19:27,960
after one year, Blockstream's 
key is no longer need to spend 

401
00:19:27,960 --> 00:19:29,080
funds. 
So if Blockstream were to 

402
00:19:29,080 --> 00:19:32,080
disappear for whatever reason, 
you could still spend with your 

403
00:19:32,080 --> 00:19:35,720
Jade after that period of time. 
So that's kind of the more 

404
00:19:35,720 --> 00:19:37,880
beginner multi sig, which is 
awesome because it's accessible 

405
00:19:37,880 --> 00:19:39,440
to everybody. 
There's not really much you have

406
00:19:39,440 --> 00:19:41,760
to learn just to a fake code 
sent to your phone. 

407
00:19:41,760 --> 00:19:44,840
Everybody's used to that. 
But more generic multi sig 

408
00:19:44,840 --> 00:19:46,040
setups. 
If you're using Sparrow, for 

409
00:19:46,040 --> 00:19:48,840
example, a two of three, three 
of five, that allows you to 

410
00:19:48,840 --> 00:19:51,400
create multiple seed phrases 
which you can disperse 

411
00:19:51,400 --> 00:19:54,400
geographically or put them in 
different places and again, gets

412
00:19:54,400 --> 00:19:55,720
rid of that single point of 
failure. 

413
00:19:56,160 --> 00:20:00,720
One of the main pitfalls here is
people think that once you have 

414
00:20:00,800 --> 00:20:03,840
three of the five keys, then you
can always spend, but that's not

415
00:20:03,840 --> 00:20:06,720
necessarily the case. 
You could lose the backup file, 

416
00:20:06,720 --> 00:20:09,320
which basically tells you it's 
kind of the treasure map to your

417
00:20:09,320 --> 00:20:10,800
Bitcoin vault. 
The three of five. 

418
00:20:11,280 --> 00:20:14,480
And you need the minimum number 
of signers, like a three of five

419
00:20:14,480 --> 00:20:17,200
S, three of the five keys, and 
the backup file if you're gonna 

420
00:20:17,200 --> 00:20:19,320
spend just with those. 
So if you've lost that backup 

421
00:20:19,320 --> 00:20:22,240
file, it was on your phone, your
computer, you got a new device, 

422
00:20:22,600 --> 00:20:24,680
you actually still can't spend 
even though you have the 

423
00:20:24,680 --> 00:20:26,840
required number of keys and 
block stream. 

424
00:20:26,840 --> 00:20:29,440
Jade makes this really easy 
because we allow you to backup 

425
00:20:29,440 --> 00:20:31,040
that file directly to the 
device. 

426
00:20:31,440 --> 00:20:33,920
And so as long as the block 
stream Jade is within your multi

427
00:20:33,920 --> 00:20:36,840
sig QUORUM, you can restore that
backup file. 

428
00:20:37,000 --> 00:20:39,680
And you can still spend with the
three of five or the two of 

429
00:20:39,680 --> 00:20:42,640
three, whatever you had as the 
minimum number, which is really 

430
00:20:42,640 --> 00:20:43,880
cool. 
And I don't think everybody does

431
00:20:43,880 --> 00:20:45,560
that. 
So just one extra way to make 

432
00:20:45,560 --> 00:20:48,040
sure you don't lose funds in 
this really cool advanced 

433
00:20:48,040 --> 00:20:50,800
feature that protects people, 
but it also, can, you know, 

434
00:20:50,960 --> 00:20:52,360
offer some new technical 
pitfalls. 

435
00:20:53,480 --> 00:20:55,920
For someone first getting 
started with implementing a 

436
00:20:55,920 --> 00:20:58,880
multi sig setup, do you guys 
have any resources on hand that 

437
00:20:58,880 --> 00:21:00,680
you could point people to and 
that you know? 

438
00:21:00,680 --> 00:21:05,400
What would you recommend? 
Yeah, we have a few help center 

439
00:21:05,400 --> 00:21:07,040
guides. 
Obviously it's really easy to do

440
00:21:07,040 --> 00:21:09,640
in block stream green. 
You simply go to add account and

441
00:21:09,640 --> 00:21:12,560
you pick multi sig shield, which
is our kind of beginner multi 

442
00:21:12,560 --> 00:21:14,120
sig method. 
So that's super easy to do. 

443
00:21:14,480 --> 00:21:16,880
We also have some more generic 
multi sig resources on our help 

444
00:21:16,880 --> 00:21:18,680
center. 
And then obviously there's the 

445
00:21:18,680 --> 00:21:21,400
tutorials out there from from 
Ben and lots of other people 

446
00:21:21,400 --> 00:21:23,160
showing people how to, you know,
walk through this. 

447
00:21:23,160 --> 00:21:25,560
So plenty of stuff out there and
I can link to some things as 

448
00:21:25,560 --> 00:21:28,840
well in the chat. 
Yeah, please do and I'll make 

449
00:21:28,840 --> 00:21:32,680
sure to call out those links in 
the description post call. 

450
00:21:32,680 --> 00:21:35,480
And yeah, I think, you know, any
resources you guys have is super

451
00:21:35,480 --> 00:21:36,680
helpful. 
You guys have been in the space 

452
00:21:36,680 --> 00:21:40,080
for a long time, so definitely 
recommend reading through them. 

453
00:21:40,920 --> 00:21:43,360
Couple of other points I wanted 
to bring up here, but you know, 

454
00:21:43,480 --> 00:21:45,720
you know, J plus clearly, you 
know, places a lot of emphasis 

455
00:21:45,720 --> 00:21:47,920
on user experience. 
You know, we talked about the 

456
00:21:47,920 --> 00:21:51,600
larger display, talked about 
tactile navigation buttons, how 

457
00:21:51,600 --> 00:21:54,720
have user needs overall shaped 
the design of the device? 

458
00:21:54,720 --> 00:21:56,680
You know how is that evolved the
form factor? 

459
00:21:57,760 --> 00:21:59,600
No one wants to take it. 
I'll go again, Bishak. 

460
00:22:02,160 --> 00:22:03,320
Sorry, I was on mute. 
Yeah. 

461
00:22:03,320 --> 00:22:06,840
So yeah, we really put community
front and center. 

462
00:22:06,960 --> 00:22:11,280
And we have a pretty dedicated 
group of users that are always 

463
00:22:11,280 --> 00:22:14,280
very willing to send us 
feedback, share feedback. 

464
00:22:14,520 --> 00:22:17,920
And we invested a lot of time 
and effort in, you know, doing a

465
00:22:17,920 --> 00:22:22,400
lot of qualitative research, 
conducted a lot of in depth user

466
00:22:22,400 --> 00:22:26,680
interviews to kind of dive into,
you know, challenges, major pain

467
00:22:26,680 --> 00:22:29,800
points. 
And also did a lot of kind of 

468
00:22:29,800 --> 00:22:33,560
discovery research work on 
different form factors, 

469
00:22:33,560 --> 00:22:37,960
materials, textures, and, you 
know, along with that different 

470
00:22:37,960 --> 00:22:41,320
interaction models and, you 
know, different also feedback 

471
00:22:41,320 --> 00:22:44,000
mechanisms. 
So, yeah, through all that kind 

472
00:22:44,000 --> 00:22:47,240
of research, our community 
support kind of research 

473
00:22:47,240 --> 00:22:51,840
efforts, we iterated, we kept 
also the the process quite open.

474
00:22:52,160 --> 00:22:57,160
And yeah, through also a very 
collaborative kind of work 

475
00:22:57,160 --> 00:23:00,560
across products, design, 
engineering and marketing, we 

476
00:23:00,560 --> 00:23:04,000
were able to land on, you know, 
the right form factor as well as

477
00:23:04,000 --> 00:23:06,200
the right user experience and 
interaction models. 

478
00:23:07,160 --> 00:23:10,280
Could you just curious, you 
know, if there were any specific

479
00:23:10,280 --> 00:23:13,280
pain points that were common 
that you guys addressed with 

480
00:23:13,280 --> 00:23:15,880
this latest model? 
Maybe not even just, you know, 

481
00:23:15,880 --> 00:23:18,120
block stream devices, but just 
devices overall. 

482
00:23:18,120 --> 00:23:20,520
What are some common failure 
points that Yeah. 

483
00:23:22,840 --> 00:23:26,000
Yeah, in the previous version, 
for instance, you know some of 

484
00:23:26,000 --> 00:23:30,120
the buttons scrolling deals 
weren't necessarily adorable. 

485
00:23:30,440 --> 00:23:34,840
You know, in our first version, 
we had the not scrolling deal to

486
00:23:34,880 --> 00:23:37,200
navigate through different 
screens and tasks. 

487
00:23:37,600 --> 00:23:40,280
So we got some feedback over 
time that that wasn't 

488
00:23:40,280 --> 00:23:42,880
necessarily a durable. 
So we kind of went back to the 

489
00:23:42,880 --> 00:23:45,880
whole drawing board to find 
alternatives for how to 

490
00:23:45,880 --> 00:23:50,280
streamline that process with the
right tactile buttons. 

491
00:23:50,280 --> 00:23:53,160
So we kind of replaced that 
scrolling wheel with buttons. 

492
00:23:53,160 --> 00:23:57,600
So that was one, another one was
also, you know, along with the 

493
00:23:57,600 --> 00:24:02,240
larger screen, we wanted to make
sure that we we're also paying 

494
00:24:02,240 --> 00:24:06,040
attention to accessibility, 
larger display, more contrast, 

495
00:24:06,040 --> 00:24:09,480
more legible kind of menu. 
So that was also an improvement 

496
00:24:09,480 --> 00:24:11,720
as well compared to our first 
version. 

497
00:24:12,240 --> 00:24:15,640
What am I missing guys? 
Yeah. 

498
00:24:15,640 --> 00:24:18,880
I would also say the camera was 
loved by people. 

499
00:24:18,920 --> 00:24:20,880
You know, we shipped with the 
camera, but we didn't offer the 

500
00:24:20,880 --> 00:24:23,880
QR air gap transactions until a 
couple years after that. 

501
00:24:24,640 --> 00:24:26,840
But we still, you know, hadn't 
totally thought through that in 

502
00:24:26,840 --> 00:24:28,840
the first iteration. 
So we had a pretty small screen 

503
00:24:29,200 --> 00:24:32,440
on the resolution wasn't able to
be, you know, super high. 

504
00:24:32,440 --> 00:24:35,080
And so on this new device, we 
made sure to build that screen 

505
00:24:35,080 --> 00:24:37,640
out so QR codes could be 
displayed and captured easily by

506
00:24:37,760 --> 00:24:40,080
a laptop camera, which is not as
good quality usually. 

507
00:24:40,360 --> 00:24:42,600
And that you'll see some from 
some of the reviews coming out 

508
00:24:42,600 --> 00:24:44,800
that that's the first thing a 
lot of people say is wow, the 

509
00:24:44,800 --> 00:24:46,680
camera is amazing. 
They really listened on this 

510
00:24:46,680 --> 00:24:48,600
one. 
So I think that's a a big pain 

511
00:24:48,600 --> 00:24:53,160
point that I think we solved. 
It's great to hear. 

512
00:24:53,680 --> 00:24:56,360
I know we've chatted in depth 
about a lot of, a lot of topics 

513
00:24:56,360 --> 00:24:58,680
here. 
Lastly, wanted to touch on maybe

514
00:24:58,680 --> 00:25:01,040
upcoming features. 
I know a couple were mentioned, 

515
00:25:01,400 --> 00:25:04,040
but any updates that you could 
share that would further enhance

516
00:25:04,040 --> 00:25:07,040
Jade plus experience, you know, 
or its integration with you 

517
00:25:07,040 --> 00:25:11,800
know, other tech stacks? 
So with the Jade Plus, we're 

518
00:25:11,800 --> 00:25:14,760
pretty pumped that there's 
attachments that can be attached

519
00:25:14,760 --> 00:25:17,320
with Jade Plus. 
So the first attachment that I 

520
00:25:17,320 --> 00:25:19,040
mentioned earlier is called the 
Jade link. 

521
00:25:19,040 --> 00:25:22,040
And as I it's just a USBC 
storage device that allows for 

522
00:25:22,040 --> 00:25:24,160
air gap transactions and 
firmware upgrades. 

523
00:25:24,600 --> 00:25:27,720
We are looking at other 
attachments that we could bring 

524
00:25:27,720 --> 00:25:31,200
to the Jade Plus. 
The first being a keyboard, full

525
00:25:31,320 --> 00:25:35,680
QWERT keyboard, right when we 
release it, there was more than 

526
00:25:35,680 --> 00:25:39,000
one comments that said when 
keyboard or where keyboard and 

527
00:25:39,000 --> 00:25:41,240
we're like, well, we can make 
that if you want. 

528
00:25:41,600 --> 00:25:44,680
I guess we're going or not. 
I guess I know we're going to be

529
00:25:44,680 --> 00:25:48,560
asking the community here 
shortly, what attachments should

530
00:25:48,560 --> 00:25:51,360
we make for the Jade Plus not 
we're not trying to make a cop 

531
00:25:51,360 --> 00:25:55,440
out answer here, but we want to 
make what people want to use. 

532
00:25:55,440 --> 00:25:57,080
This is a challenge to the 
community. 

533
00:25:57,480 --> 00:25:59,400
Make it hard for us. 
Bring it on. 

534
00:26:00,360 --> 00:26:02,640
Awesome guys. 
Well, want to open up the floor,

535
00:26:02,640 --> 00:26:05,920
maybe potentially anything I 
didn't ask that might be worthy 

536
00:26:05,920 --> 00:26:09,280
of sharing with the audience. 
And then to close things out, 

537
00:26:09,320 --> 00:26:12,640
you know, we'd like to hear from
each one of you, you know, what 

538
00:26:12,640 --> 00:26:15,240
you're most excited about in 
terms of, you know, Bitcoin 

539
00:26:15,240 --> 00:26:18,840
developments upcoming this year.
I know you guys are sponsoring 

540
00:26:18,880 --> 00:26:24,360
Bitcoin 2025 later this may, So 
maybe any you know, insights 

541
00:26:24,360 --> 00:26:26,880
into potential announcements 
that block stream may or may not

542
00:26:26,880 --> 00:26:30,280
have made yet as well? 
Well, at our booth, everyone 

543
00:26:30,280 --> 00:26:32,000
should stop on by. 
There's going to be a lot of 

544
00:26:32,000 --> 00:26:35,120
block streamers there and we 
love to shake people's hands, 

545
00:26:35,560 --> 00:26:37,920
hear what you have to say, or 
just talk generally about 

546
00:26:37,920 --> 00:26:40,520
Bitcoin. 
As for the Jade Plus at Bitcoin 

547
00:26:40,520 --> 00:26:43,520
2025, you should definitely stop
by. 

548
00:26:43,520 --> 00:26:46,360
There's going to be, we're 
working on something cool that 

549
00:26:46,360 --> 00:26:48,800
we could do with the Jade Plus 
to make them a little more 

550
00:26:48,800 --> 00:26:52,280
customized, but we can't give 
away all of our cards right now.

551
00:26:53,240 --> 00:26:54,840
Reach for shock. 
Any closing thoughts here? 

552
00:26:56,560 --> 00:27:00,720
Maybe we can also kind of have a
quick kind of sneak peek, add 

553
00:27:00,880 --> 00:27:04,040
potential new accessories that 
we are planning to add to the 

554
00:27:04,040 --> 00:27:07,320
mix to kind of enhance some of 
the tasks. 

555
00:27:08,200 --> 00:27:11,320
But let's kind of keep it a bit 
mysterious at this point. 

556
00:27:13,960 --> 00:27:16,240
Yeah, I think it's going to be a
big year for self custody. 

557
00:27:16,240 --> 00:27:18,680
You see a lot of cool platforms 
that Jade's integrated with 

558
00:27:19,240 --> 00:27:22,080
Nunchuck doing some multi sig 
Taproot things. 

559
00:27:22,360 --> 00:27:24,480
You have all the mini script 
platforms out there, Anchor 

560
00:27:24,480 --> 00:27:26,760
Watch with their insurance, 
insurance platforms. 

561
00:27:26,760 --> 00:27:30,400
So a lot of awesome financial 
use cases being built on 

562
00:27:30,400 --> 00:27:32,320
Bitcoin, and I think we're just 
going to have even more this 

563
00:27:32,320 --> 00:27:34,080
year. 
So excited to make sure Jade is 

564
00:27:34,080 --> 00:27:35,320
integrated with each and every 
one of them. 

565
00:27:36,440 --> 00:27:38,760
Awesome. 
Well, Rich Bashak, Drew, I 

566
00:27:38,760 --> 00:27:40,320
really appreciate the time 
today. 

567
00:27:40,400 --> 00:27:43,000
For anybody tuning in late, this
basis was recorded, so it'll be 

568
00:27:43,520 --> 00:27:46,720
available immediately here on X 
at the conclusion of the space. 

569
00:27:46,720 --> 00:27:48,880
And then we'll also make sure to
upload on wherever you guys 

570
00:27:48,880 --> 00:27:52,560
catch your podcasts, Spotify, 
Apple, all the such. 

571
00:27:52,560 --> 00:27:56,000
Make sure to check out their 
device link up here in the Nest 

572
00:27:56,800 --> 00:27:59,720
and make sure to only buy from 
block stream as well. 

573
00:27:59,720 --> 00:28:01,600
Avoid third party vendors like 
Amazon. 

574
00:28:02,440 --> 00:28:04,240
Don't want to get scammed on 
those ends. 

575
00:28:05,160 --> 00:28:07,200
Thank you everybody. 
Hope you guys had a great 

576
00:28:07,200 --> 00:28:09,520
morning. 
Thanks all. 

577
00:28:10,040 --> 00:28:13,520
Appreciate it. 
What's up Bitcoiners, Bitcoin 

578
00:28:13,520 --> 00:28:15,880
2025 will be here before you 
know it. 

579
00:28:16,520 --> 00:28:21,000
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580
00:28:21,000 --> 00:28:23,520
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581
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583
00:28:30,680 --> 00:28:33,920
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