1
00:00:06,800 --> 00:00:10,300
I'm very, very excited to 
introduce none other than BTC 

2
00:00:10,300 --> 00:00:12,300
sessions, who has his own 
YouTube channel. 

3
00:00:12,700 --> 00:00:15,300
Many of you who are familiar 
with him, myself included. 

4
00:00:15,300 --> 00:00:18,000
Consider him. 
Probably my favorite teacher in 

5
00:00:18,000 --> 00:00:21,200
the Bitcoin space and I'm truly 
honored that you take the time 

6
00:00:21,200 --> 00:00:22,500
to Grace us with your presence, 
man. 

7
00:00:22,800 --> 00:00:25,700
How are you doing, dude? 
I'm great. 

8
00:00:25,700 --> 00:00:28,100
I'm happy to be here. 
Thanks for having me. 

9
00:00:28,200 --> 00:00:32,200
Always love, chatting with you 
and pee and, and shout out to 

10
00:00:32,200 --> 00:00:36,000
seek a, who was just on that? 
Dude is a legend, love them. 

11
00:00:36,000 --> 00:00:39,000
And Even having a good time 
having a good summer. 

12
00:00:40,000 --> 00:00:43,200
Yeah, that. 
So what I really talk to you, I 

13
00:00:43,200 --> 00:00:46,500
mean, you are best known for 
writing, you know, the BTC 

14
00:00:46,500 --> 00:00:50,100
sessions YouTube channel, which 
I had a moment of the weekend 

15
00:00:50,100 --> 00:00:51,200
where it kind of clicked in my 
head. 

16
00:00:51,200 --> 00:00:54,400
It's like, oh sessions, like, 
you know, Class B, TC, the 

17
00:00:54,400 --> 00:00:56,000
classes. 
Okay, got it, got it. 

18
00:00:56,000 --> 00:00:59,300
Yes, I only just had this 
realization like three days ago 

19
00:00:59,300 --> 00:01:05,500
so but Like, let's talk a little
bit about first. 

20
00:01:05,500 --> 00:01:08,300
Look, what inspired you to 
really go down this path. 

21
00:01:08,300 --> 00:01:11,500
I know you very famously talked 
about how like you were offered 

22
00:01:11,600 --> 00:01:14,200
a few Bitcoin to live off of in 
2013. 

23
00:01:14,200 --> 00:01:17,200
I believe kind of regretting 
actually spending that Bitcoin 

24
00:01:17,200 --> 00:01:21,500
now, but like what really sets 
you on this path to be the 

25
00:01:21,500 --> 00:01:23,600
resident teacher in the Bitcoin 
space? 

26
00:01:24,600 --> 00:01:30,000
So I think it kind of came from 
a place of necessity for myself.

27
00:01:30,100 --> 00:01:34,600
In terms of when I started 
learning about Bitcoin, I'm a 

28
00:01:34,600 --> 00:01:38,100
pretty visual learner. 
So I was looking, I was actively

29
00:01:38,100 --> 00:01:43,600
searching for visual Guides of 
how to do stuff and I could not 

30
00:01:43,600 --> 00:01:48,400
find any it's really there, you 
know, in and around 2014, there 

31
00:01:48,400 --> 00:01:53,200
just wasn't a whole lot. 
That could help me through some 

32
00:01:53,200 --> 00:01:56,500
of the stuff than I needed. 
Do it would often be like, yo go

33
00:01:56,500 --> 00:01:59,600
to this message board and 
there's some comments halfway 

34
00:01:59,600 --> 00:02:04,100
down that kind of explain or 
here's like go to the GitHub and

35
00:02:04,100 --> 00:02:09,300
there is there's an explanation 
there and just stuff that I I 

36
00:02:09,300 --> 00:02:11,700
found more difficult to parse 
through. 

37
00:02:11,700 --> 00:02:14,900
If I was lucky enough to find 
something that had screenshots 

38
00:02:14,900 --> 00:02:18,400
and examples it was better but 
more or less ice. 

39
00:02:18,600 --> 00:02:23,100
I end up spending two years kind
of trying to parse through 

40
00:02:23,100 --> 00:02:26,000
everything myself. 
A fan in a variety of different 

41
00:02:26,000 --> 00:02:30,700
aspects and once I got 
comfortable with it, I figured 

42
00:02:30,800 --> 00:02:34,500
I'd just make the thing that I 
had been looking for so that I 

43
00:02:34,500 --> 00:02:39,300
could at least help a few people
avoid having to dig as deeply as

44
00:02:39,300 --> 00:02:41,100
I did for all that type of 
stuff. 

45
00:02:41,100 --> 00:02:45,100
And so I started in 2016, I 
started the channel actually. 

46
00:02:45,100 --> 00:02:48,500
Just hit the six-year birthday 
of the channel this past month. 

47
00:02:48,600 --> 00:02:51,000
So yeah. 
So it's like is congrats 

48
00:02:51,000 --> 00:02:52,200
brother. 
Thanks man. 

49
00:02:52,200 --> 00:02:54,100
Yeah, so it's been going for six
years. 

50
00:02:54,300 --> 00:02:57,500
Yeah, I started doing you know, 
I figured I'd just do a video 

51
00:02:57,500 --> 00:03:01,300
once a week on whatever I felt 
like covering and then I didn't 

52
00:03:01,300 --> 00:03:04,100
stop and I increased the 
frequency of videos. 

53
00:03:04,100 --> 00:03:08,100
So here we are six years later. 
What was the first video? 

54
00:03:09,300 --> 00:03:14,800
The first video, the very first 
one other than like an initial 

55
00:03:14,800 --> 00:03:16,700
intro of what the channel is 
going to be. 

56
00:03:17,200 --> 00:03:22,100
I believe was either like a 
basic Bitcoin Mobile wallet and 

57
00:03:22,100 --> 00:03:26,400
I can't recall which it might 
have been copay which was like a

58
00:03:26,400 --> 00:03:32,700
bit Pay multisig Mobile Wallet. 
That could also be single Sig or

59
00:03:32,700 --> 00:03:35,100
it might have been a Bitcoin 
ATM. 

60
00:03:35,100 --> 00:03:37,500
How to use one? 
Those were two of the First 

61
00:03:37,500 --> 00:03:41,200
videos that I ever did. 
I've since, you know, migrated 

62
00:03:41,200 --> 00:03:44,200
to plenty of other options. 
But yeah, those are those would 

63
00:03:44,200 --> 00:03:50,600
have been the first couple. 
So let's let's talk a little bit

64
00:03:50,600 --> 00:03:54,500
because I think what you have 
afforded people the opportunity 

65
00:03:54,500 --> 00:03:57,900
to have if they go out and seek 
it is you know we talk a lot 

66
00:03:57,900 --> 00:04:01,200
about self custody. 
This is self-education you talk 

67
00:04:01,200 --> 00:04:02,700
about how you went down this 
Rabbit Hole. 

68
00:04:02,700 --> 00:04:05,700
It was painful and you didn't 
want other people to kind of go 

69
00:04:05,700 --> 00:04:08,000
through that. 
I feel like you know there are a

70
00:04:08,000 --> 00:04:11,900
lot of channels that have now 
since practically replicated, 

71
00:04:11,900 --> 00:04:18,700
what you try to do, how how 
important is Self-education on 

72
00:04:18,700 --> 00:04:23,500
this path of self sovereignty. 
I think it's so important 

73
00:04:23,500 --> 00:04:27,600
because I mean, you don't know 
what? 

74
00:04:27,600 --> 00:04:32,800
You don't know, right? 
And and so many people, they put

75
00:04:32,800 --> 00:04:36,600
off the personal responsibility 
of gaining that knowledge and 

76
00:04:36,600 --> 00:04:38,800
they just defer to somebody else
there. 

77
00:04:38,800 --> 00:04:44,100
So much of of what Bitcoin was 
built for people completely 

78
00:04:44,100 --> 00:04:48,000
ignore by by Some money into an 
exchange and leaving it. 

79
00:04:48,000 --> 00:04:50,400
There was like the worst thing 
you could do, it's the 

80
00:04:50,400 --> 00:04:53,000
antithesis of what Bitcoin was 
built for. 

81
00:04:53,000 --> 00:04:57,400
And the only way to get around 
that is to start learning and 

82
00:04:57,400 --> 00:05:01,000
take that first step. 
I know it's it can be scary but 

83
00:05:01,200 --> 00:05:06,600
you can you can start learning 
and taking those first steps 

84
00:05:06,600 --> 00:05:11,400
yourself now or potentially 
learn, a very expensive lesson 

85
00:05:11,400 --> 00:05:14,600
later on down the line as we've 
seen in droves. 

86
00:05:15,100 --> 00:05:16,300
Not just this year. 
Sure. 

87
00:05:16,300 --> 00:05:19,700
But over the past decade, it's 
littered with examples and 

88
00:05:19,700 --> 00:05:23,100
stories of people who thought 
their money was safe with other 

89
00:05:23,100 --> 00:05:27,900
people and just to realize that 
no it's going to be Frozen. 

90
00:05:28,000 --> 00:05:31,300
No they're insolvent. 
Knows okrug pull it. 

91
00:05:31,400 --> 00:05:33,600
You know name it. 
You got it. 

92
00:05:33,600 --> 00:05:36,700
It's all happened before and 
that's why I self custody. 

93
00:05:36,900 --> 00:05:42,800
It's it's kind of a its 
Completely inverse to what we've

94
00:05:42,800 --> 00:05:44,400
learned through our entire lives
of. 

95
00:05:44,400 --> 00:05:47,000
Oh, put your money in the bank. 
It's the safest place for it and

96
00:05:47,000 --> 00:05:50,000
in Fiat world, that's just what 
we learned. 

97
00:05:50,000 --> 00:05:52,400
But, and it seems 
counterintuitive, but the way 

98
00:05:52,400 --> 00:06:00,100
the Bitcoin is designed, it's, 
it's as difficult to try and get

99
00:06:00,100 --> 00:06:05,900
the keys of and an individual 
across the world, as it is to 

100
00:06:05,900 --> 00:06:10,500
try and get the keys or or hack 
an extreme Exchange. 

101
00:06:10,600 --> 00:06:13,000
The amount of effort put forth 
is similar. 

102
00:06:13,000 --> 00:06:16,000
And so when you've got a 
Honeypot of everyone's money, 

103
00:06:16,400 --> 00:06:19,500
that's much more of a Target on 
your back, then, self 

104
00:06:19,500 --> 00:06:22,100
sovereignty and holding your own
keys. 

105
00:06:22,200 --> 00:06:27,400
So yeah. 
But you do a lot more than just,

106
00:06:27,400 --> 00:06:31,500
you know, self sovereignty, what
are, what are sort of the themes

107
00:06:31,500 --> 00:06:35,100
that you like to explore? 
And what are across the 

108
00:06:35,100 --> 00:06:37,600
Spectrum. 
I want our other than just 

109
00:06:37,600 --> 00:06:39,600
custody other than setting up 
your wallets. 

110
00:06:40,300 --> 00:06:46,400
Yeah, I mean, I think other than
the, the nitty-gritty of just, 

111
00:06:46,400 --> 00:06:49,300
how do I get a wall? 
How do I secure my coins? 

112
00:06:49,600 --> 00:06:53,600
I like diving into and I mean, 
this is still kind of down the 

113
00:06:53,700 --> 00:06:55,900
vein. 
In of tutorials but the idea of 

114
00:06:55,900 --> 00:07:00,100
running a Bitcoin node of don't 
trust verify of being able to 

115
00:07:00,100 --> 00:07:04,200
host an entire copy of the 
Bitcoin blockchain, all of the 

116
00:07:04,300 --> 00:07:07,600
history of transactions that 
have ever existed and the rules 

117
00:07:07,600 --> 00:07:12,800
that govern the network and 
making yourself resistant to 

118
00:07:12,800 --> 00:07:14,800
someone trying to co-op the 
network. 

119
00:07:14,800 --> 00:07:17,800
I think that's an important one 
and that's one that became 

120
00:07:17,800 --> 00:07:21,700
particularly important to me in 
2017 watching the block size 

121
00:07:21,700 --> 00:07:24,000
Wars and watching a large 
number. 

122
00:07:24,100 --> 00:07:26,600
Of, you know, 80% of the hash 
rate. 

123
00:07:26,700 --> 00:07:30,400
And, you know, some of the top 
companies, 50 of the top 

124
00:07:30,400 --> 00:07:32,800
companies in the space, all say,
we're going to change the pic 

125
00:07:32,900 --> 00:07:36,300
change the Bitcoin protocol and 
install our own deaths. 

126
00:07:36,300 --> 00:07:40,000
And to see that fail in 
particular because people said 

127
00:07:40,000 --> 00:07:41,800
nah we're going to run our own 
notes. 

128
00:07:42,000 --> 00:07:45,300
I think that's that's a huge win
for Bitcoin and I think it's 

129
00:07:45,300 --> 00:07:50,300
important that people learn that
and learn how to partake in that

130
00:07:50,300 --> 00:07:53,200
if they see fit. 
Not everybody has to run a note 

131
00:07:53,400 --> 00:07:55,700
but I think it's It's very 
important that they can if they 

132
00:07:55,700 --> 00:07:57,800
choose to. 
So trying to put forth stuff 

133
00:07:57,800 --> 00:08:02,200
like that, trying to show 
different privacy tools that 

134
00:08:02,200 --> 00:08:06,100
people can use and not people 
have people be frightened of 

135
00:08:06,100 --> 00:08:09,300
them, you know, that's that's 
been part of my journey 

136
00:08:09,300 --> 00:08:12,300
especially this year kind of 
learning more in the Privacy 

137
00:08:12,300 --> 00:08:18,500
realm and then again, kind of a 
separation of money and state I 

138
00:08:18,500 --> 00:08:25,000
think is very important and 
having censorship Money is 

139
00:08:25,000 --> 00:08:28,000
incredibly important, which 
obviously, you guys have been 

140
00:08:28,000 --> 00:08:31,200
touching on bitcoin Magazine 
with this last issue drop. 

141
00:08:31,200 --> 00:08:35,000
So yeah, those are kind of the 
key tenants that I gravitate 

142
00:08:35,000 --> 00:08:41,100
towards, I love it. 
The I want to ask you about just

143
00:08:41,100 --> 00:08:43,500
the specific process. 
You go through. 

144
00:08:43,700 --> 00:08:46,600
I'm so curious because your 
videos are so comprehensive and 

145
00:08:46,600 --> 00:08:48,000
there are, you know, you go 
through edit them. 

146
00:08:48,000 --> 00:08:52,800
How long does it take you from, 
you know, idea to shooting to 

147
00:08:52,800 --> 00:08:55,400
releasing a video? 
In terms of all of steps that 

148
00:08:55,400 --> 00:09:00,300
are required. 
Yeah, so it depends on what I'm 

149
00:09:00,300 --> 00:09:05,400
doing so that the tutorials can 
vary, I've kind of fallen into a

150
00:09:05,400 --> 00:09:09,200
schedule where, you know, I do a
couple live videos every week. 

151
00:09:09,200 --> 00:09:12,900
So I do a Thursday news show. 
Just kind of recapping what 

152
00:09:12,900 --> 00:09:15,800
happened over the past week. 
I do a Friday panel show called 

153
00:09:15,800 --> 00:09:19,200
why are we bullish where people 
come on with a different topics 

154
00:09:19,200 --> 00:09:21,200
that they're excited about in 
Bitcoin currently? 

155
00:09:21,600 --> 00:09:25,100
And those ones, you know, it's 
just kind of Up through the day,

156
00:09:25,100 --> 00:09:28,100
do the live show and that's it. 
So, they're just encapsulated in

157
00:09:28,100 --> 00:09:32,900
a single day but the tutorials 
really can really can vary 

158
00:09:32,900 --> 00:09:36,000
depending on what I'm covering. 
So if it's a simple wallet 

159
00:09:36,000 --> 00:09:40,500
tutorial or something like that,
my flow will typically be, you 

160
00:09:40,500 --> 00:09:43,800
know, all Tinker with it a 
little bit, kind of learn my way

161
00:09:43,800 --> 00:09:47,400
around the app. 
Then I'll write a flow of okay, 

162
00:09:47,400 --> 00:09:50,900
what am I going to cover first? 
All the way through so setup and

163
00:09:50,900 --> 00:09:53,900
so and so forth, give myself jot
notes and then I'll just start 

164
00:09:54,000 --> 00:09:58,400
Recording bit by bit, you know, 
intro, prerequisite 

165
00:09:58,400 --> 00:10:00,800
prerequisites. 
You may need set up, all that 

166
00:10:00,800 --> 00:10:02,000
kind of stuff will go through 
it. 

167
00:10:02,000 --> 00:10:05,600
All edit it all together. 
You've got to do thumbnails, you

168
00:10:05,608 --> 00:10:08,900
got to do descriptions, you got 
to upload it, and share it, and 

169
00:10:08,900 --> 00:10:12,700
do all of that stuff. 
If it's a simple topic, I can 

170
00:10:12,700 --> 00:10:18,100
get one of those out in a single
day, if it's a more complicated 

171
00:10:18,100 --> 00:10:20,300
topic. 
So one of the more recent ones 

172
00:10:20,300 --> 00:10:26,400
that I did is I wanted to do the
most Up tutorial on the cold 

173
00:10:26,400 --> 00:10:28,900
card wallet that I possibly 
could do that. 

174
00:10:28,900 --> 00:10:30,800
Anybody has put on the internet 
so far. 

175
00:10:30,900 --> 00:10:34,100
So knk for right? 
Yes, on the MK4. 

176
00:10:34,100 --> 00:10:37,900
Yeah. 
So that one it took me a day of 

177
00:10:37,900 --> 00:10:40,800
experimenting with all of the 
features. 

178
00:10:40,800 --> 00:10:43,500
I was already familiar with how 
a cold card Works obviously 

179
00:10:43,500 --> 00:10:46,000
because I use it a lot but a lot
of the advanced features I just 

180
00:10:46,000 --> 00:10:48,800
hadn't tinkered with yet so it 
was like a day of messing around

181
00:10:48,800 --> 00:10:54,200
with that followed by a day of 
just shooting all of Of the 

182
00:10:54,200 --> 00:10:58,300
different pieces and that flowed
into another day of finishing 

183
00:10:58,300 --> 00:11:00,900
that up, editing it all together
and getting aligned. 

184
00:11:00,900 --> 00:11:04,900
So that was a full three days 
and, like, long days, not eight 

185
00:11:04,900 --> 00:11:09,000
hours by like, you know, it was 
getting into the evening and my 

186
00:11:09,000 --> 00:11:13,200
wife's, like, it's dinner and I 
have children that I need help 

187
00:11:13,200 --> 00:11:15,800
with, and it's like, I'm so 
sorry. 

188
00:11:15,800 --> 00:11:19,500
I just this one too bad. 
Yeah, this is, this one's a 

189
00:11:19,500 --> 00:11:21,500
tough one? 
So yeah. 

190
00:11:21,500 --> 00:11:25,800
So I mean, she's very forgiving 
when When I get into something 

191
00:11:25,800 --> 00:11:28,200
that's a little bit more 
in-depth and it takes a little 

192
00:11:28,200 --> 00:11:31,300
bit more time, but yeah, that 
was, you know, they're like 10 

193
00:11:31,300 --> 00:11:34,400
12 hour days in there, for three
days straight to get that one 

194
00:11:34,400 --> 00:11:36,200
out. 
So yeah, it varies. 

195
00:11:36,200 --> 00:11:38,200
But that's why I kind of have 
that flex room in there. 

196
00:11:38,200 --> 00:11:40,700
Monday through Wednesday is, 
like, somewhere in there are 

197
00:11:40,700 --> 00:11:43,100
tutorials getting done. 
It's just a question of how long

198
00:11:43,100 --> 00:11:45,700
that takes? 
I love it. 

199
00:11:45,800 --> 00:11:48,100
What is your your favorite 
feature of the new coal card? 

200
00:11:48,100 --> 00:11:50,200
I have not had the privilege of 
playing around with one yet. 

201
00:11:51,500 --> 00:11:54,400
Okay, so there's a number of Of 
things. 

202
00:11:54,400 --> 00:11:57,600
So the virtual disk thing is 
pretty cool. 

203
00:11:57,900 --> 00:12:00,300
So I didn't understand what that
even did. 

204
00:12:00,400 --> 00:12:04,900
So virtual disk mode typically 
when you using your cold card, 

205
00:12:04,900 --> 00:12:07,800
your are gapping it. 
So meaning you don't plug it 

206
00:12:07,800 --> 00:12:11,200
into your computer or phone or 
anything, it's all you just 

207
00:12:11,200 --> 00:12:18,600
power it separately and then you
have your whatever third-party 

208
00:12:18,600 --> 00:12:21,100
interface you're using. 
So in my case, Sparrow wallet on

209
00:12:21,100 --> 00:12:23,900
your desktop, you set up the 
transaction there. 

210
00:12:24,200 --> 00:12:27,700
You save it to an SD card, put 
in the cold card to approve it, 

211
00:12:27,700 --> 00:12:33,100
and then bring it back signed to
broadcast it with the virtual 

212
00:12:33,100 --> 00:12:36,800
disk mode. 
You basically have a minidisc on

213
00:12:37,300 --> 00:12:41,600
the cold card itself so it loads
up as if it was a thumb drive so

214
00:12:41,600 --> 00:12:43,300
you can plug it into your 
computer. 

215
00:12:44,100 --> 00:12:46,900
Not as secure as fully are 
gapping it. 

216
00:12:47,000 --> 00:12:53,200
However, you use the virtual 
disk to bring over the data from

217
00:12:53,200 --> 00:12:56,000
the actions. 
And this is different from 

218
00:12:56,000 --> 00:13:00,700
having Sparrow or whatever 
wallet you are using actually 

219
00:13:00,700 --> 00:13:03,400
interface with the cold card, 
because when you do that, when 

220
00:13:03,400 --> 00:13:06,500
you just plug it in and you say 
that you want to send it with 

221
00:13:06,500 --> 00:13:09,900
sparrow and then you approve it 
on the cold card and it just 

222
00:13:09,900 --> 00:13:12,600
it's communicating with the 
wallet what you're technically 

223
00:13:12,600 --> 00:13:17,200
doing is you're giving that 
wallet control over the device 

224
00:13:17,200 --> 00:13:21,900
which you don't know exactly how
it's going to do that. 

225
00:13:21,900 --> 00:13:25,700
Whereas, with this Actually, 
you're still doing the same flow

226
00:13:25,700 --> 00:13:28,700
that I described with are 
gapping and you're pulling it on

227
00:13:28,700 --> 00:13:32,100
to that virtual disk approving, 
it pulling the sign transaction 

228
00:13:32,100 --> 00:13:35,200
off and uploading it. 
So I think that's a really cool 

229
00:13:35,200 --> 00:13:38,100
thing. 
B is in the process of being 

230
00:13:38,100 --> 00:13:40,900
added to Blue wallet. 
So that's going to be huge. 

231
00:13:40,900 --> 00:13:43,200
I'm going to be very excited to 
play with that, but it's not out

232
00:13:43,200 --> 00:13:45,300
yet. 
So video incoming, whenever that

233
00:13:45,300 --> 00:13:51,400
drops but then other stuff like 
the, the trick pins on it. 

234
00:13:51,500 --> 00:13:54,400
So anybody who's played with a 
cold card before, Or you can 

235
00:13:54,400 --> 00:13:57,900
have like a duress pin or a 
brick me pin, so you put in a 

236
00:13:57,908 --> 00:14:01,000
pin and it would kill the whole 
device kind of thing. 

237
00:14:01,000 --> 00:14:04,200
As a security mechanism. 
The way they've done it, with 

238
00:14:04,200 --> 00:14:10,000
the mark for is you get the 
versatility of saying, if this 

239
00:14:10,000 --> 00:14:13,700
pin is entered, then this 
Behavior will happen. 

240
00:14:14,000 --> 00:14:17,300
And you can customize that, 
however, you want, if this pin 

241
00:14:17,500 --> 00:14:21,500
is put in, I'll go to my duress 
wallet, with a decoy amount of 

242
00:14:21,500 --> 00:14:24,400
money. 
If this pin is put in, I Wipe 

243
00:14:24,400 --> 00:14:28,500
the seed, if this pin is put in 
the device gets bricked, if this

244
00:14:28,500 --> 00:14:32,200
pin is put in device will freeze
for one hour so you can really 

245
00:14:32,200 --> 00:14:35,400
customize it to do whatever the 
hell you want it to do which is 

246
00:14:35,400 --> 00:14:38,800
amazing versatility, that's 
awesome man. 

247
00:14:39,000 --> 00:14:43,000
Yeah I can't wait to get one so 
stuck with my MK3 still works 

248
00:14:43,000 --> 00:14:46,700
fine though. 
The MK3 has all of you know the 

249
00:14:46,700 --> 00:14:50,400
like they're adding in a lot of 
those pin features to the MK3 

250
00:14:50,400 --> 00:14:52,500
and and it's they're more or 
less. 

251
00:14:52,500 --> 00:14:55,200
Their flow is a little bit 
different but I just did a 

252
00:14:55,208 --> 00:14:59,600
workshop in Vancouver on the 
cold card and some had the for 

253
00:14:59,600 --> 00:15:03,200
and some head of the three and 
more or less they could do all 

254
00:15:03,200 --> 00:15:05,300
the same things. 
The main differences were the 

255
00:15:05,300 --> 00:15:11,000
virtual disk and NFC of which we
I mentioned, but we didn't fully

256
00:15:11,000 --> 00:15:13,100
cover. 
We mostly got the basics of how 

257
00:15:13,100 --> 00:15:16,600
to use it and it's still MK3 
holds up big time. 

258
00:15:17,400 --> 00:15:19,900
I do love the virtual disk 
functionality and even realize, 

259
00:15:19,900 --> 00:15:22,400
that was a feature. 
That sounds extremely handy. 

260
00:15:22,800 --> 00:15:23,700
Yeah, yeah. 
Yeah. 

261
00:15:24,000 --> 00:15:26,600
Love it. 
You look like you're about to 

262
00:15:26,600 --> 00:15:27,900
say something at some point 
during the now. 

263
00:15:27,900 --> 00:15:31,600
Okay. 
So One thing that I'm curious 

264
00:15:31,600 --> 00:15:36,300
about as well is how is the 
progression of your your 

265
00:15:36,300 --> 00:15:38,900
tutorials gone over time. 
Like what our thing, what are 

266
00:15:38,900 --> 00:15:41,100
sort of the biggest step 
improvements that you feel like 

267
00:15:41,100 --> 00:15:43,500
you made over the course of your
show? 

268
00:15:43,500 --> 00:15:46,200
Because frankly, I haven't 
watched the earliest ones but I 

269
00:15:46,208 --> 00:15:48,400
feel like it was just like you 
came out of the gate and it was 

270
00:15:48,400 --> 00:15:50,000
like, high-quality high-value 
stuff. 

271
00:15:50,500 --> 00:15:53,500
Well, I appreciate that, but 
that definitely wasn't the case.

272
00:15:54,500 --> 00:15:56,000
So you're calling me a liar. 
I see here. 

273
00:15:56,000 --> 00:15:58,600
Yes. 
I'm saying you're a dog face. 

274
00:15:59,100 --> 00:16:00,300
What's the? 
What's the go? 

275
00:16:00,500 --> 00:16:03,300
Pony face or space liar 
something like I don't even 

276
00:16:03,300 --> 00:16:06,000
know, but whatever it was 
anyways. 

277
00:16:06,100 --> 00:16:10,000
Okay, so I'd say it took me a 
lot longer to get my tutorials 

278
00:16:10,000 --> 00:16:14,300
out back. 
Then, I also wasn't as clear and

279
00:16:14,300 --> 00:16:18,800
a lot of my messaging. 
I think one issue that I've had 

280
00:16:18,800 --> 00:16:23,900
over time is You do so many of 
these things that you get a 

281
00:16:23,900 --> 00:16:28,500
little bit into the habit of 
glossing over things that I used

282
00:16:28,500 --> 00:16:31,800
to clarify every single time. 
So like, oh this is, you know, 

283
00:16:31,800 --> 00:16:35,000
write down your backup and so 
many be like, what's The 

284
00:16:35,000 --> 00:16:36,900
Back-up? 
Why do I need to write it down? 

285
00:16:37,000 --> 00:16:39,200
Why is that important? 
What are these were like all of 

286
00:16:39,200 --> 00:16:42,600
those little things where if 
it's a basic wallet tutorial, 

287
00:16:42,600 --> 00:16:46,400
then you gotta go back and be 
like, who's likely watching this

288
00:16:46,500 --> 00:16:51,800
and still throw it in just in 
case regardless, I think The way

289
00:16:51,800 --> 00:16:56,200
in which I film, you know, like 
being able to have like, screen 

290
00:16:56,200 --> 00:16:59,700
shares and multiple screens and 
everything, the editing process 

291
00:16:59,700 --> 00:17:03,000
a lot easier. 
It's mostly efficiency on the 

292
00:17:03,000 --> 00:17:05,700
back end of what I'm actually 
doing and how quickly I can put 

293
00:17:05,700 --> 00:17:10,300
things together, but the other 
main benefit is with six years 

294
00:17:10,300 --> 00:17:15,200
of tutorial sitting there, I can
be like hey if you're dealing 

295
00:17:15,200 --> 00:17:18,900
with this if you're using this 
particular tutorial, here are 

296
00:17:18,908 --> 00:17:20,599
some prerequisites that you're 
going to want to. 

297
00:17:20,700 --> 00:17:23,000
Uno. 
And I've got videos for all of 

298
00:17:23,000 --> 00:17:25,200
those. 
And so, if rather than starting 

299
00:17:25,200 --> 00:17:28,200
here, if you're confused about 
the following concepts, go to 

300
00:17:28,200 --> 00:17:30,800
these other videos, linked down 
below first and then come back 

301
00:17:30,800 --> 00:17:34,700
here and that's just something 
that you can't do when you start

302
00:17:34,700 --> 00:17:39,000
a channel, very difficult. 
Whereas now I can be like, hey I

303
00:17:39,000 --> 00:17:42,400
have all of the other steps that
you need to get to where this 

304
00:17:42,400 --> 00:17:45,200
video is starting from. 
So go there first. 

305
00:17:49,300 --> 00:17:51,800
I think you mean you could you 
could just like make stuff up. 

306
00:17:51,800 --> 00:17:53,800
You could just be like I go 
check out this awesome video. 

307
00:17:53,800 --> 00:17:55,100
I did. 
And then just, there's no link 

308
00:17:55,100 --> 00:17:58,900
to it every exist. 
Yeah, I'll try not to do that. 

309
00:17:58,900 --> 00:18:03,100
Som sometimes though, I've said,
oh, link to this is down below. 

310
00:18:03,100 --> 00:18:06,400
Go check out that other video 
and then the comments are like, 

311
00:18:07,100 --> 00:18:10,400
where, where is it? 
So yeah, people have to do some 

312
00:18:10,400 --> 00:18:12,900
manual searching, but it's 
always there somewhere. 

313
00:18:14,100 --> 00:18:16,000
Very cool. 
I had another, I didn't great 

314
00:18:16,000 --> 00:18:17,400
question. 
I was gonna ask you, it's gone 

315
00:18:17,400 --> 00:18:20,200
like tears in the rain. 
I know it was what so what are 

316
00:18:20,200 --> 00:18:21,300
some of the questions like 
asking? 

317
00:18:21,300 --> 00:18:24,300
But what are some of the 
technologies that you were most 

318
00:18:24,300 --> 00:18:27,100
excited about or things that are
being developed in Bitcoin right

319
00:18:27,100 --> 00:18:31,600
now? 
I think so. 

320
00:18:31,600 --> 00:18:35,200
I've been interested in a lot of
the Privacy stuff lately. 

321
00:18:35,200 --> 00:18:39,600
I think I've said this to a few 
people, but I'm kind of viewing 

322
00:18:39,600 --> 00:18:43,400
privacy. 
The way that we viewed scaling 

323
00:18:43,400 --> 00:18:48,300
back in early 2017, but I think 
we're better off than we were 

324
00:18:48,400 --> 00:18:50,700
four. 
Privacy Now versus for scaling 

325
00:18:50,700 --> 00:18:53,100
and 2017. 
And what I mean by that is 

326
00:18:53,900 --> 00:18:58,200
beginning in 2017, scaling, And 
transactions per second were 

327
00:18:58,200 --> 00:19:01,600
like top of mind for everyone. 
You know, how we're going to 

328
00:19:01,600 --> 00:19:03,400
scale this thing. 
How are people going to use it 

329
00:19:03,400 --> 00:19:06,300
without fees getting insane? 
So on and so forth, we had 

330
00:19:06,300 --> 00:19:12,000
nothing yet by. 
Now, five years later, we scale 

331
00:19:12,000 --> 00:19:15,100
down chain, so we got segue it. 
There's a whole bunch of other 

332
00:19:15,100 --> 00:19:17,100
efficiencies that are on chain 
as well. 

333
00:19:17,100 --> 00:19:21,100
When it comes to things like 
Taproot and soon, eventually, 

334
00:19:21,100 --> 00:19:23,900
schnoor, signatures, all that 
kind of stuff that basically, 

335
00:19:23,900 --> 00:19:26,400
and not to mention people to 
using Bitcoin more Oh, 

336
00:19:26,408 --> 00:19:28,400
efficiently, all of the 
exchanges are batching 

337
00:19:28,400 --> 00:19:30,200
transactions now so on and so 
forth. 

338
00:19:30,400 --> 00:19:34,700
So we've scaled massively on the
base layer but beyond that we 

339
00:19:34,700 --> 00:19:38,000
have the lightning Network, 
which literally did not exist at

340
00:19:38,000 --> 00:19:42,600
that point in time. 
And now I use lightning daily on

341
00:19:42,600 --> 00:19:45,400
top of that, it's very easy for 
anybody to on board to 

342
00:19:45,400 --> 00:19:47,500
lightning. 
Now, like, literally download 

343
00:19:47,500 --> 00:19:50,700
Moon wallet, send a regular 
Bitcoin transaction to it. 

344
00:19:50,700 --> 00:19:51,800
Congratulations. 
You can. 

345
00:19:51,800 --> 00:19:54,800
Now use all those funds on the 
lightning Network and so moon is

346
00:19:54,800 --> 00:19:56,800
Mu you. 
And by the way, You're looking 

347
00:19:56,800 --> 00:19:59,500
for it I say everything. 
Yeah you got to say it, but I 

348
00:19:59,500 --> 00:20:03,900
think that the amount of 
innovation that we saw in 

349
00:20:03,900 --> 00:20:09,300
scaling when it was top of Mind 
as of 2017 to now is going to be

350
00:20:10,000 --> 00:20:15,000
happening in and around privacy 
because it's top of mind for so 

351
00:20:15,000 --> 00:20:20,600
many people now is privacy, and 
I think that we're in a much 

352
00:20:20,600 --> 00:20:24,700
better place because we already 
have so many privacy tools. 

353
00:20:24,700 --> 00:20:28,200
Available now, is it the Easiest
thing to utilize those privacy 

354
00:20:28,200 --> 00:20:30,500
tools. 
Not necessarily but there's a 

355
00:20:30,500 --> 00:20:34,700
plethora of them out there and 
they're only going to improve 

356
00:20:34,700 --> 00:20:36,900
from here. 
So you know you've got you can 

357
00:20:36,900 --> 00:20:39,700
do coin joints, right? 
Sparrow wallet, has it all built

358
00:20:39,700 --> 00:20:41,800
in. 
You can coin join X number of 

359
00:20:41,800 --> 00:20:44,500
rounds and then mix directly 
into your Hardware wallet for 

360
00:20:44,500 --> 00:20:47,000
safekeeping. 
That's amazing, you've got, you 

361
00:20:47,000 --> 00:20:51,200
know, much better, default 
privacy guarantees on Lightning,

362
00:20:51,200 --> 00:20:53,500
not perfect, but definitely way 
better. 

363
00:20:53,500 --> 00:20:56,900
And so you can enjoy a 
reasonable amount of To see just

364
00:20:56,900 --> 00:20:58,500
using lightning transactional, 
some. 

365
00:20:58,600 --> 00:21:02,000
I definitely know that from 
experience beyond that 

366
00:21:02,700 --> 00:21:04,200
everything on that. 
Yeah. 

367
00:21:04,200 --> 00:21:06,700
Cryptic, you know, and then and 
then and it's not everybody's 

368
00:21:06,700 --> 00:21:09,300
cup of tea, but you have side 
chains, things like liquid 

369
00:21:09,300 --> 00:21:12,100
Network, where they have 
confidential transactions, which

370
00:21:12,100 --> 00:21:15,600
Shields not only the amount 
being sent, but the asset being 

371
00:21:15,600 --> 00:21:17,400
dealt with. 
So all you see is that a 

372
00:21:17,400 --> 00:21:19,400
transaction took place and 
that's it. 

373
00:21:19,500 --> 00:21:23,300
There's plenty of cool things. 
There's also now I'm forgetting 

374
00:21:23,300 --> 00:21:25,300
the name of it. 
There's something called Mercury

375
00:21:25,300 --> 00:21:29,200
wallet and Uses, why am I 
forgetting it? 

376
00:21:29,200 --> 00:21:33,100
Now I'm literally going to look 
it up right now uses what is 

377
00:21:33,100 --> 00:21:35,000
known as state chains? 
There we go. 

378
00:21:35,100 --> 00:21:37,800
Oh yeah. 
And that's basically trading UT 

379
00:21:37,800 --> 00:21:39,900
EXO's. 
With people basically trading 

380
00:21:39,900 --> 00:21:45,300
the keys to UT EXO's without the
ability of somebody to spend 

381
00:21:45,300 --> 00:21:47,500
using your key. 
Once they get it this, there's 

382
00:21:47,500 --> 00:21:49,500
some stuff going on in the 
background there. 

383
00:21:49,500 --> 00:21:53,500
But basically there's no 
indication that any transaction 

384
00:21:53,500 --> 00:21:55,800
has taken place in the 
blockchain, but you now own 

385
00:21:55,800 --> 00:21:57,900
different and You can do this 
right now. 

386
00:21:58,100 --> 00:22:01,800
So you can download Mercury 
wallet and and start using State

387
00:22:01,800 --> 00:22:04,600
chains right now and it's for a 
specific denominated amount so 

388
00:22:04,600 --> 00:22:08,900
you'd have like a million SATs 
or something and you effectively

389
00:22:08,900 --> 00:22:13,500
trade the keys to those SATs 
with somebody else and and then 

390
00:22:13,500 --> 00:22:17,400
you go off on your Merry way 
withdraw to another wallet and 

391
00:22:17,400 --> 00:22:20,100
now you have an entirely 
different you txo and nobody 

392
00:22:20,100 --> 00:22:24,600
even knew that, that transaction
took place, so amazing things 

393
00:22:24,600 --> 00:22:27,300
being done and I Can Only 
Imagine Imagine five years from 

394
00:22:27,300 --> 00:22:29,100
now. 
How much cool stuff there's 

395
00:22:29,100 --> 00:22:31,400
going to be. 
Yeah. 

396
00:22:32,300 --> 00:22:34,700
Yeah, stations are very cool 
Mercury while is awesome. 

397
00:22:34,700 --> 00:22:37,100
I also excited about feta mint 
and, you know, we've been 

398
00:22:37,100 --> 00:22:39,800
talking about that a lot lately 
with the news that just came 

399
00:22:39,800 --> 00:22:42,300
out, but super excited to see 
where that goes. 

400
00:22:42,300 --> 00:22:45,100
And I think it's going to be a 
game changer in terms of helping

401
00:22:45,100 --> 00:22:49,700
people in in less affluent areas
who are not exposed to bitcoin 

402
00:22:49,700 --> 00:22:51,400
with John. 
I don't have the time to really 

403
00:22:51,500 --> 00:22:54,600
sink their teeth into it, to be 
able to offload some of that 

404
00:22:54,700 --> 00:22:57,900
onto, you know, a trusted group 
of Guardians that already exists

405
00:22:57,900 --> 00:22:59,300
people. 
You already trust, whether it's 

406
00:22:59,300 --> 00:23:02,400
your community leaders or 
members of your church, or your 

407
00:23:02,500 --> 00:23:04,300
whatever it is. 
I think that's a really cool 

408
00:23:04,300 --> 00:23:07,600
Innovation and I have to dive 
deeper into filaments. 

409
00:23:07,600 --> 00:23:11,800
I've just, I've just kind of had
a cursory like, hey, this is 

410
00:23:11,800 --> 00:23:14,700
more or less, how they function,
but I've got a I've got to go 

411
00:23:14,700 --> 00:23:17,500
read the documentation and get 
deeper down, but this is what I 

412
00:23:17,508 --> 00:23:20,100
mean, like this is kind of 
information. 

413
00:23:20,100 --> 00:23:24,600
It's kind of been Cham, Cham me 
and mit's has been a thing 

414
00:23:24,600 --> 00:23:27,300
that's been around for a while, 
but Has been front of mine for a

415
00:23:27,308 --> 00:23:30,300
lot of people. 
And so now, I see lots of 

416
00:23:30,300 --> 00:23:34,800
information about this dropping.
And again, just another another 

417
00:23:35,100 --> 00:23:38,700
tool in the Bitcoin tool belt, 
and, and people will have 

418
00:23:38,700 --> 00:23:42,000
different risk profiles for 
different things and different 

419
00:23:42,000 --> 00:23:44,000
preferences. 
But the fact that we have 

420
00:23:44,000 --> 00:23:47,200
options out there is incredible.
Yeah, and just, for the 

421
00:23:47,200 --> 00:23:49,200
audience, what we're talking 
about is the mint, which is the 

422
00:23:49,200 --> 00:23:51,700
same thing as an abbreviation 
for Federated Chow. 

423
00:23:51,700 --> 00:23:56,000
Me and mints open wasu, and Eric
Syrian, and Justin Moon. 

424
00:23:56,400 --> 00:23:59,900
Also just launched a company 
called fetty which is building 

425
00:23:59,900 --> 00:24:03,100
on a wallet that focuses on this
o is there's great coverage out 

426
00:24:03,100 --> 00:24:06,400
there Obie's written a couple of
articles for Bitcoin magazine a 

427
00:24:06,400 --> 00:24:08,300
to that came out or there's one 
that just came out yesterday. 

428
00:24:08,300 --> 00:24:10,500
So I'll put that link in the 
chat again and you guys can 

429
00:24:10,500 --> 00:24:20,700
check it out. 
Then I I saw you at Bitcoin 2021

430
00:24:21,000 --> 00:24:24,200
and you had like something 
covering your hair because I 

431
00:24:24,200 --> 00:24:26,900
feel like and I think we talked 
about it when you were like, 

432
00:24:26,900 --> 00:24:28,900
yeah, bro, this hair. 
I mean, it looks fly as fuck, 

433
00:24:28,900 --> 00:24:31,400
but he's a liability because I 
can't go anywhere. 

434
00:24:31,600 --> 00:24:35,600
Without people being like, yo, 
it's been and I can only imagine

435
00:24:35,600 --> 00:24:38,000
like what happens, like, because
you can never change your 

436
00:24:38,000 --> 00:24:38,900
hairstyle. 
This point, right? 

437
00:24:38,900 --> 00:24:42,700
Like, yeah, it's locked in, its 
locked in this is, you know, 

438
00:24:42,700 --> 00:24:45,900
it's, there's a time lock on it 
and it expires when I disappear 

439
00:24:45,900 --> 00:24:49,500
from Bitcoin, from I feel you on
that, though. 

440
00:24:50,100 --> 00:24:55,300
Like I, yeah, you would be very 
easily identifiable in a crowd 

441
00:24:55,300 --> 00:24:58,300
as well. 
I think there's a handful of 

442
00:24:58,300 --> 00:25:03,700
people that experience that that
only on the topic of hair and 

443
00:25:03,700 --> 00:25:06,600
we'll keep this super brief, but
this hair is like new thing for 

444
00:25:06,600 --> 00:25:09,400
me. 
This is like a year old top. 

445
00:25:09,400 --> 00:25:13,100
So like when I go to people from
my past lives, they do not 

446
00:25:13,100 --> 00:25:15,400
recognize me and honestly, I 
fucking love it. 

447
00:25:17,500 --> 00:25:20,200
It is Great. 
It's it's funny yappy. 

448
00:25:20,200 --> 00:25:24,900
You're saying that you saw me 
like cover my typically I don't 

449
00:25:24,900 --> 00:25:28,400
I don't care because it's it's 
amazing when somebody comes up 

450
00:25:28,400 --> 00:25:31,500
and they're like, yo, I use that
tutorial and I'm running a node.

451
00:25:31,500 --> 00:25:34,500
Now that's some of the most 
flattering stuff I've ever 

452
00:25:34,500 --> 00:25:37,200
encountered. 
And that's, it's incredible. 

453
00:25:37,200 --> 00:25:40,400
The only a, the only time I've 
ever liked, put something on my 

454
00:25:40,400 --> 00:25:45,800
head is when I had to get from 
one place to another very, very 

455
00:25:45,800 --> 00:25:49,200
quickly for something important.
It's not It was, by the way, you

456
00:25:49,200 --> 00:25:52,100
came, you be lined like straight
for the bar to get like a bottle

457
00:25:52,100 --> 00:25:54,600
of water or something, and then 
you like, went straight back. 

458
00:25:54,600 --> 00:25:57,000
I think it was like the, you 
know, like the swan do at that 

459
00:25:57,000 --> 00:25:58,900
point to like it and you were 
recording a podcast or 

460
00:25:58,900 --> 00:26:00,100
something. 
But it was, I saw you. 

461
00:26:00,100 --> 00:26:03,200
And I was like, and I was like, 
Nana, he's a man on a mission. 

462
00:26:03,600 --> 00:26:06,600
I also feel like it's like, you 
know, like an in movies where 

463
00:26:06,600 --> 00:26:08,000
somebody like, they're a 
superhero. 

464
00:26:08,000 --> 00:26:10,500
They like, put the yellow mask 
on and nobody recognizes them, 

465
00:26:10,500 --> 00:26:12,800
you know, I've or they take you,
no soup, Superman take the 

466
00:26:12,800 --> 00:26:14,500
glasses off, I feel like the 
same thing. 

467
00:26:14,500 --> 00:26:16,900
You take your hair off and you 
just be like, immediately 

468
00:26:16,900 --> 00:26:19,100
completely anonymous. 
Dude it worked. 

469
00:26:19,100 --> 00:26:23,300
It worked even at Bitcoin 2022 
are there is a couple buddies of

470
00:26:23,300 --> 00:26:27,200
mine down and we're like, okay, 
well at one point we're going to

471
00:26:27,200 --> 00:26:31,400
have lunch and then I met up 
with them in The Concourse there

472
00:26:31,800 --> 00:26:36,300
and we're like okay let's go to,
let's go to the camera was 

473
00:26:36,300 --> 00:26:38,200
called but yeah we're going to 
go up to the place, we're going 

474
00:26:38,200 --> 00:26:40,800
to grab some food and it's a lot
need a big venue. 

475
00:26:40,800 --> 00:26:45,700
So it was a long walk and we're 
stopping like every minute The 

476
00:26:45,700 --> 00:26:49,400
Have and my friend was like, 
dude, Put that shit on your head

477
00:26:49,500 --> 00:26:52,700
and we'll walk. 
So, I literally just what I took

478
00:26:52,700 --> 00:26:56,300
like, I went to a one of the 
booths and ask for a free shirt 

479
00:26:56,400 --> 00:27:00,400
of whatever vendor it was and I 
just wrapped it over my head and

480
00:27:00,400 --> 00:27:02,200
then we made it there in record 
time. 

481
00:27:02,200 --> 00:27:05,600
It was great. 
Yeah, I was surprised because I 

482
00:27:05,608 --> 00:27:07,600
was like, no way. 
This is actually going to end 

483
00:27:07,600 --> 00:27:09,400
yet. 
No, it's without without the 

484
00:27:09,400 --> 00:27:12,400
beacon going. 
It appears that I can move 

485
00:27:12,400 --> 00:27:15,800
freely. 
So again, when when I eventually

486
00:27:16,000 --> 00:27:20,300
Fade Into the background when 
When Bitcoin education is no 

487
00:27:20,300 --> 00:27:23,600
longer needed. 
I can just buzz buzz, my head 

488
00:27:23,600 --> 00:27:25,800
and nobody will ever recognize 
me again. 

489
00:27:26,600 --> 00:27:29,900
It's a gift, it's a curse. 
You, it's a question. 

490
00:27:29,900 --> 00:27:37,100
I know you want to ask everyone.
So then our PTC. 

491
00:27:37,100 --> 00:27:41,000
You do an incredible credible 
job of, you know, teaching 

492
00:27:41,000 --> 00:27:44,000
people how to really understand 
and use Bitcoin. 

493
00:27:45,600 --> 00:27:50,200
I however, I'm curious what your
opinion is on the idea of the 

494
00:27:50,200 --> 00:27:53,700
80/20 Principle, as a relates to
Bitcoin in its understandings 

495
00:27:54,400 --> 00:27:55,800
today. 
Most people couldn't tell you 

496
00:27:55,800 --> 00:27:59,700
how when they start their car, 
flip a light switch, how that 

497
00:27:59,700 --> 00:28:02,500
actually is what the process 
behind that is doing. 

498
00:28:03,100 --> 00:28:05,900
Is there a point when we reach a
high per Bitcoin eyes world? 

499
00:28:05,900 --> 00:28:11,400
Where not everyone is going to 
both know and understand Bitcoin

500
00:28:11,400 --> 00:28:15,300
or will it be necessary? 
Is that a realistic outcome in 

501
00:28:15,300 --> 00:28:16,900
your opinion? 
Or is that actually a dangerous 

502
00:28:16,900 --> 00:28:21,000
outcome? 
I think that's an eventuality, 

503
00:28:21,000 --> 00:28:23,300
right? 
Like you're going to get to the 

504
00:28:23,300 --> 00:28:28,400
point where people obviously do 
not understand the underlying 

505
00:28:28,400 --> 00:28:31,800
infrastructure that's already 
largely the case. 

506
00:28:31,800 --> 00:28:36,700
Somebody can somebody can go to 
an exchange by some Bitcoin and 

507
00:28:36,700 --> 00:28:41,300
if they're if they're actually 
self costing, they can download 

508
00:28:41,300 --> 00:28:44,400
a wallet back it up and no 
problem. 

509
00:28:44,400 --> 00:28:47,300
They don't need to understand 
what's actually happening there.

510
00:28:47,300 --> 00:28:50,500
They they've taken self. 
They're they're totally fine. 

511
00:28:50,500 --> 00:28:54,100
I think it's important that, you
know, a critical mass of people 

512
00:28:54,200 --> 00:28:58,400
have an understanding of the 
infrastructure and I like this 

513
00:28:58,800 --> 00:29:04,900
kind of Hardline, you know, 
maximally self Sovereign group 

514
00:29:04,900 --> 00:29:09,200
of people that keep on pushing 
for everyone to step outside 

515
00:29:09,200 --> 00:29:13,700
their comfort zone towards that.
And I think that's going to 

516
00:29:13,700 --> 00:29:17,000
continue to be needed. 
And the most important part 

517
00:29:17,000 --> 00:29:21,300
again, is that, it's always, 
Accessible to all if someone 

518
00:29:21,300 --> 00:29:23,900
chooses to do it. 
I love the development in and 

519
00:29:23,900 --> 00:29:26,300
around easy, Plug and Play 
nodes. 

520
00:29:26,300 --> 00:29:31,100
I think that's super important. 
Now, it can that be. 

521
00:29:31,200 --> 00:29:34,300
If everybody runs the exact same
implementation, can that be a 

522
00:29:34,300 --> 00:29:36,800
liability? 
Absolutely, but it beats! 

523
00:29:36,800 --> 00:29:42,100
Nobody running nose in the first
place, so I think that what 

524
00:29:42,100 --> 00:29:49,300
you're getting at is As more and
more of the world uses Bitcoin, 

525
00:29:49,600 --> 00:29:53,800
there's a number of things and a
lot number of services that by 

526
00:29:53,800 --> 00:29:56,900
Design become obsolete in their 
very nature. 

527
00:29:56,900 --> 00:30:01,800
Exchanges is one of them right 
in a world, where Bitcoin is the

528
00:30:01,800 --> 00:30:04,500
currency. 
Why do you need an exchange to 

529
00:30:04,500 --> 00:30:08,300
get out of dollars? 
I mean, our I already don't 

530
00:30:08,300 --> 00:30:13,500
technically need an exchange to 
get Bitcoin, iron Bitcoin that 

531
00:30:13,600 --> 00:30:19,000
As a living. 
And so that for me, that on-ramp

532
00:30:19,900 --> 00:30:23,000
on-ramp companies are already 
obsolete in a sense. 

533
00:30:23,000 --> 00:30:28,300
Now, I still need the off-ramp 
in, in companies that bridge the

534
00:30:28,300 --> 00:30:31,300
gap, so that I can pay bills, 
where I can't pay Bitcoin 

535
00:30:31,300 --> 00:30:34,300
directly, so, and so forth. 
But more and more of those 

536
00:30:34,300 --> 00:30:37,200
things are going to go away. 
And people won't necessarily 

537
00:30:37,200 --> 00:30:39,500
understand what's going on in 
the background much, like they 

538
00:30:39,500 --> 00:30:42,200
didn't understand what was going
on in the background when we 

539
00:30:42,300 --> 00:30:45,200
change from phone. 
Us via phone lines and 

540
00:30:45,200 --> 00:30:49,800
switchboards to VoIP, right? 
Like nobody really understood 

541
00:30:49,800 --> 00:30:52,000
what happened in the background.
All of a sudden, their phone 

542
00:30:52,000 --> 00:30:55,100
calls, just got a lot better 
quality and a lot cheaper. 

543
00:30:55,200 --> 00:30:57,000
And so, I think that's kind of 
the direction. 

544
00:30:57,000 --> 00:30:59,700
We'll head with Bitcoin less and
less people will understand 

545
00:30:59,700 --> 00:31:04,500
exactly what's going on. 
But my hope is that they will 

546
00:31:04,500 --> 00:31:07,000
understand why it's better 
money. 

547
00:31:07,500 --> 00:31:12,300
And hopefully they'll understand
why it's exceeded historically 

548
00:31:12,300 --> 00:31:15,500
versus gold ore. 
At least, like a core group of 

549
00:31:15,500 --> 00:31:17,800
people. 
Educating people on money, will 

550
00:31:17,800 --> 00:31:21,800
be able to explain like, hey, we
had a pretty good sound money 

551
00:31:21,800 --> 00:31:25,400
before but it failed because of 
its physicality which led to 

552
00:31:25,400 --> 00:31:28,700
centralization of ownership and 
easy confiscation. 

553
00:31:28,800 --> 00:31:32,500
I hope that that becomes a 
Mainstay of financial education 

554
00:31:32,500 --> 00:31:37,500
in the future and my I think 
it's starting to be so but we 

555
00:31:37,500 --> 00:31:39,600
will see as long as long as that
message get through guess 

556
00:31:39,600 --> 00:31:41,700
through, I think we'll be okay. 
I won't lie. 

557
00:31:41,700 --> 00:31:43,500
I was lucky it other tabs. 
Sorry. 

558
00:31:45,500 --> 00:31:49,900
I like this idea though that 
while no, they won't understand 

559
00:31:49,900 --> 00:31:53,200
Bitcoin and the technology 
behind it, because there will be

560
00:31:53,200 --> 00:31:56,800
so many offerings to make the 
user experience easier there is.

561
00:31:57,900 --> 00:32:01,600
Maybe with a little bit of hope.
You've injected this necessity 

562
00:32:01,600 --> 00:32:05,300
to understand why at least 
Bitcoin is better than the Fiat,

563
00:32:05,300 --> 00:32:10,200
we have or the gold we have what
would be your just obviously 

564
00:32:10,200 --> 00:32:13,400
we've all we all have sort of 
our go-to. 

565
00:32:13,900 --> 00:32:16,300
I like to call them up. 
My six Pokémon to pull out of my

566
00:32:16,300 --> 00:32:18,800
little Satchel. 
Anytime I talk about Bitcoin to 

567
00:32:18,800 --> 00:32:22,800
Anam Bitcoin or what are some of
the your go-to quick-hit 

568
00:32:22,800 --> 00:32:26,200
arguments to why Bitcoin versus 
anything else. 

569
00:32:27,600 --> 00:32:31,500
Are you are you talking about 
Fiat or are you talking about 

570
00:32:32,000 --> 00:32:34,800
also I'll make it, I'll actually
separate it out. 

571
00:32:34,900 --> 00:32:37,500
What is your go-to for your coin
first Fiat? 

572
00:32:37,800 --> 00:32:40,800
Bitcoin bruise, gold Bitcoin 
verse any shit coin. 

573
00:32:41,700 --> 00:32:44,700
Okay. 
All right, so I mean verse Fiat,

574
00:32:45,400 --> 00:32:48,600
simple question. 
Well, how many how many dollars 

575
00:32:48,600 --> 00:32:51,000
exist, how many dollars will 
exist next year? 

576
00:32:51,400 --> 00:32:54,100
How many dollars will exist in 
10 years? 

577
00:32:54,200 --> 00:32:58,400
Do you have a say in that? 
Do you actually Hold your money,

578
00:32:58,800 --> 00:33:00,800
probably nonce. 
Probably in a bank account. 

579
00:33:00,800 --> 00:33:03,800
What happens if the bank account
tells you you can't have it 

580
00:33:03,800 --> 00:33:05,900
anymore? 
What kind of recourse do you 

581
00:33:05,900 --> 00:33:09,000
have all those types of 
arguments are pretty simple? 

582
00:33:09,000 --> 00:33:14,100
And I mean again Canada leading 
example this year of people that

583
00:33:14,100 --> 00:33:17,900
were doing something legal until
it was deemed, not at the drop 

584
00:33:17,900 --> 00:33:21,100
of a hat and all of a sudden 
found that Legacy Finance had 

585
00:33:21,100 --> 00:33:23,300
failed them because they didn't 
have access to their money. 

586
00:33:23,400 --> 00:33:27,500
And you can see this in you 
know, name your political All 

587
00:33:27,500 --> 00:33:31,100
dissident situation anywhere in 
the globe and you'll see parts 

588
00:33:31,100 --> 00:33:33,600
of that you can also point to 
hyperinflation. 

589
00:33:33,600 --> 00:33:37,200
You can point to the fact that 
humans are notoriously bad. 

590
00:33:37,200 --> 00:33:42,100
When when showing the 
opportunity to print more money,

591
00:33:42,400 --> 00:33:44,200
they're going to do it. 
They're going to debase the 

592
00:33:44,200 --> 00:33:48,400
currency even if they don't do 
it with malice and mind, it ends

593
00:33:48,400 --> 00:33:51,100
up not helping people. 
So there's that Bitcoin versus 

594
00:33:51,100 --> 00:33:55,100
gold kind of what I alluded to 
earlier the physicality of it 

595
00:33:55,100 --> 00:33:59,300
was its Achilles heel, right? 
It It resulted in deferring to 

596
00:33:59,300 --> 00:34:01,600
custodians. 
It was difficult to transport 

597
00:34:01,600 --> 00:34:04,600
over long distances. 
Yeah held its value over long 

598
00:34:04,600 --> 00:34:09,000
periods of time but the distance
thing resulted in needing to 

599
00:34:09,000 --> 00:34:13,800
create needing to create kind of
derivative money paper that you 

600
00:34:13,808 --> 00:34:16,300
would move around that 
represented bits of gold, so on 

601
00:34:16,308 --> 00:34:18,800
and so forth. 
So the divisibility thing was a 

602
00:34:18,800 --> 00:34:24,800
little bit more difficult and in
the end when you create a, a 

603
00:34:25,300 --> 00:34:30,100
money on gold that It is linked 
to Gold that link can be broken 

604
00:34:30,100 --> 00:34:33,500
because it's not a it's not an 
immutable link. 

605
00:34:33,500 --> 00:34:36,800
So when you know, somebody like 
Peter Schiff says, well if we 

606
00:34:36,800 --> 00:34:39,900
had a crypto that was linked to 
Gold. 

607
00:34:40,100 --> 00:34:43,300
It's a terrible idea because 
dude, you just watch that play 

608
00:34:43,300 --> 00:34:47,000
out in 1971 and that's exactly 
how it will play out again. 

609
00:34:47,800 --> 00:34:51,699
So yeah, when it comes to 
bitcoin versus all other coins 

610
00:34:52,900 --> 00:34:58,100
Bitcoin has such a unique Early 
stage because nobody really 

611
00:34:58,100 --> 00:35:03,900
understood that value could even
be had there and because of that

612
00:35:03,900 --> 00:35:08,900
it was given free rein to grow 
that first few years uncorrupted

613
00:35:09,000 --> 00:35:11,900
and that's something that hasn't
really been afforded to others. 

614
00:35:11,900 --> 00:35:16,800
And at this point the the 
ability to change the base 

615
00:35:16,800 --> 00:35:19,100
protocol of Bitcoin in a non 
backwards. 

616
00:35:19,100 --> 00:35:22,000
Compatible way is more or less 
out the window, unless it was 

617
00:35:22,000 --> 00:35:25,000
like a zero day. 
Everybody get on board. 

618
00:35:25,200 --> 00:35:28,100
And and change this now, or the 
whole project is dead. 

619
00:35:28,100 --> 00:35:31,000
If you want to put in an 
arbitrary changes to bitcoin, 

620
00:35:31,100 --> 00:35:33,500
it's very difficult to get 
consensus on that. 

621
00:35:33,500 --> 00:35:38,200
And that's the feature that we 
want because we want to be sure 

622
00:35:38,200 --> 00:35:41,000
that our money is sound that 
it's immutable that it's 

623
00:35:41,000 --> 00:35:45,200
censorship resistant and when 
you can willy-nilly change 

624
00:35:45,200 --> 00:35:50,800
things, then it, those promises 
of a sound censorship resistant,

625
00:35:50,800 --> 00:35:55,100
Global mutable money are called 
into question and so, yeah. 

626
00:35:55,100 --> 00:36:00,900
I mean, that's my, that's my 
quick run through all of all 

627
00:36:00,900 --> 00:36:04,000
shit coins everywhere. 
I kind of view it as, you know, 

628
00:36:04,000 --> 00:36:08,000
gold was would have been good if
it wasn't for the 

629
00:36:08,000 --> 00:36:13,000
transferability and divisibility
thing over large, large spaces, 

630
00:36:13,100 --> 00:36:18,000
but I mean, Fiat is one entity 
can print money. 

631
00:36:18,900 --> 00:36:21,600
Crypto is everyone can print 
money. 

632
00:36:22,000 --> 00:36:23,900
Bitcoin is no one can print 
money. 

633
00:36:28,600 --> 00:36:31,400
I like that. 
Like that. 

634
00:36:32,900 --> 00:36:40,900
And then, so What happens when 
someone says to you something to

635
00:36:40,900 --> 00:36:44,400
the vein of? 
Well it just doesn't matter. 

636
00:36:44,400 --> 00:36:46,200
I don't I don't care to learn it
is. 

637
00:36:46,500 --> 00:36:51,000
Are these the lost souls that 
will be forgotten in the Bitcoin

638
00:36:51,000 --> 00:36:53,500
standard future or are these. 
The people. 

639
00:36:53,500 --> 00:36:55,900
We actually have to spend a 
little extra time, helping a 

640
00:36:55,900 --> 00:36:57,800
drag out. 
I don't think they'll be 

641
00:36:57,800 --> 00:36:58,800
forever. 
Lost souls. 

642
00:36:58,800 --> 00:37:03,700
They'll be, they'll be the last 
holdouts will be the ones that 

643
00:37:03,800 --> 00:37:05,200
are hurt. 
Most immeasurably. 

644
00:37:05,300 --> 00:37:09,400
Buy it because they'll be the 
ones clinging to Alternatives 

645
00:37:09,400 --> 00:37:13,100
that don't protect their wealth 
and their self sovereignty. 

646
00:37:13,100 --> 00:37:18,700
But Eventually out of necessity,
they'll have to use something 

647
00:37:18,700 --> 00:37:22,200
like Bitcoin in a hyper Bitcoin 
eyes world and as soon as they 

648
00:37:22,200 --> 00:37:24,100
start doing that, they will 
benefit. 

649
00:37:24,100 --> 00:37:28,000
They'll just benefit less than 
people who are earlier benefited

650
00:37:28,000 --> 00:37:29,800
before them. 
But as soon as they get on that 

651
00:37:29,800 --> 00:37:34,400
standard and they start earning 
Bitcoin for a living and saving 

652
00:37:34,500 --> 00:37:38,400
it changes their habits, it 
changes the way they look at the

653
00:37:38,400 --> 00:37:42,500
world and every sat that they 
earn and save will always 

654
00:37:42,500 --> 00:37:46,300
represent the same percentage of
the Monetary base, moving 

655
00:37:46,300 --> 00:37:49,600
forward in perpetuity, there's 
no debasing it. 

656
00:37:49,600 --> 00:37:54,000
If you save a hundred sacks, 
then that will be the same 

657
00:37:54,000 --> 00:37:57,100
percentage of all Bitcoin 
forever. 

658
00:37:57,200 --> 00:38:00,400
So I think I think that's 
incredible and whereas nowadays,

659
00:38:00,400 --> 00:38:03,600
if your bank account showed your
percentage of total dollars, 

660
00:38:04,000 --> 00:38:07,700
that number will continue to go 
down in perpetuity unless 

661
00:38:07,700 --> 00:38:11,700
you're, you know, a can't 
illionaire and you're able to be

662
00:38:11,700 --> 00:38:14,100
closest to the money spigot. 
That's, that's pretty much how 

663
00:38:14,100 --> 00:38:15,100
it goes now. 
A days. 

664
00:38:20,000 --> 00:38:21,700
I really hope they're not lost 
souls. 

665
00:38:24,200 --> 00:38:28,800
They'll be alright like it again
in the end once once they're on 

666
00:38:28,800 --> 00:38:31,600
that Bitcoin standard they'll 
begin to benefit I think. 

667
00:38:31,600 --> 00:38:34,500
Yeah, the there can be a lot of 
pain in between there though. 

668
00:38:35,300 --> 00:38:39,400
So how much do you like when 
people say it's impossible for 

669
00:38:39,400 --> 00:38:42,100
everyone to run a note in their 
home? 

670
00:38:42,500 --> 00:38:45,300
Do you just send them one of 
your videos with, with a little 

671
00:38:45,500 --> 00:38:48,200
note saying at one point, 
someone also said it was going 

672
00:38:48,200 --> 00:38:51,000
to be impossible for everyone 
have a Down in their own home. 

673
00:38:52,100 --> 00:38:55,600
Yeah, I mean it's it's it's 
definitely not impossible, 

674
00:38:55,600 --> 00:38:58,200
right? 
It's it's there's parts of the 

675
00:38:58,200 --> 00:38:58,800
world. 
Yes. 

676
00:38:58,800 --> 00:39:01,400
Words it would be incredibly 
difficult to run a node when it 

677
00:39:01,400 --> 00:39:04,700
comes to connectivity and all 
that kind of stuff or just cost 

678
00:39:04,700 --> 00:39:06,700
of Hardware. 
If you want to run a dedicated 

679
00:39:06,700 --> 00:39:11,900
machine or based on where you 
are but it's not everybody has 

680
00:39:11,900 --> 00:39:15,200
to run a node, it's just 
important that they have the 

681
00:39:15,200 --> 00:39:19,300
option so you may see instances 
where there's a node being run 

682
00:39:19,300 --> 00:39:21,700
for our community and people can
point their wallets too. 

683
00:39:21,800 --> 00:39:24,900
At that particular node, if they
want to and and beyond that, 

684
00:39:24,900 --> 00:39:29,600
like the cost of Hardware is 
coming down, the bandwidth 

685
00:39:29,600 --> 00:39:32,300
issues are becoming a thing of 
the past. 

686
00:39:32,400 --> 00:39:35,500
It's getting to the point now 
where I'm not sure how many 

687
00:39:35,500 --> 00:39:38,500
hundred hundreds of gigabytes 
the Bitcoin blockchain is but 

688
00:39:38,500 --> 00:39:42,500
like you're getting thumb 
drives, not thumb drives, but 

689
00:39:42,500 --> 00:39:45,500
like micro SD cards that are 
like four terabytes. 

690
00:39:45,600 --> 00:39:50,000
Right? 
So so it's it's going to become 

691
00:39:50,300 --> 00:39:53,300
less expensive. 
To run a note of each use to 

692
00:39:53,300 --> 00:39:57,100
over time and eventually it'll 
probably be pretty feasible to 

693
00:39:57,100 --> 00:40:01,300
have one on a phone like my 
phone right now is 128 

694
00:40:01,300 --> 00:40:03,900
gigabytes. 
And there's definitely phones 

695
00:40:03,900 --> 00:40:07,400
that have more space than that 
and you can add an SD cards to 

696
00:40:07,400 --> 00:40:09,400
them that are whatever size you 
please. 

697
00:40:09,400 --> 00:40:13,400
So yeah. 
Like it's becoming more and more

698
00:40:13,400 --> 00:40:17,300
feasible that you'll be able to 
run a Bitcoin node on the Fly. 

699
00:40:17,300 --> 00:40:20,300
And I mean that's inherent a 
Bitcoins design, that's why 

700
00:40:20,300 --> 00:40:25,200
there's been This kind of 
guarding of the block size limit

701
00:40:25,200 --> 00:40:28,100
of trying to limit the amount of
data that's being parsed every 

702
00:40:28,100 --> 00:40:31,100
10 minutes. 
Because if you kind of leave 

703
00:40:31,100 --> 00:40:35,900
that door wide open, then it can
be come prohibitively expensive,

704
00:40:35,900 --> 00:40:39,700
either technologically or 
actually monetarily to run and 

705
00:40:39,700 --> 00:40:42,300
maintain a node. 
And we shouldn't you seen the 

706
00:40:42,300 --> 00:40:45,400
perfect example. 
Is Bitcoin SV because even 

707
00:40:45,400 --> 00:40:51,400
exchanges that hosted and like, 
bought and sold Bitcoin as V are

708
00:40:51,500 --> 00:40:53,900
Like, we can't do this anymore. 
We can't even run the node, 

709
00:40:53,900 --> 00:40:56,100
dude. 
Like it's like terabytes and 

710
00:40:56,100 --> 00:40:59,000
terabytes of data of just like 
spam transactions. 

711
00:40:59,000 --> 00:41:01,200
To be like, look how many 
transactions we can do. 

712
00:41:01,400 --> 00:41:06,100
So it's it's a losing battle and
they've kind of proven that just

713
00:41:06,100 --> 00:41:08,200
in trying to show how much they 
can scale. 

714
00:41:08,200 --> 00:41:12,600
They've shown how impossible it 
is to scale in that manner. 

715
00:41:12,600 --> 00:41:21,500
So yeah. 
This will be fun. 

716
00:41:21,800 --> 00:41:24,400
This will be a really fun battle
type or Bitcoin ization. 

717
00:41:25,100 --> 00:41:26,700
What does that mean to you 
though? 

718
00:41:26,800 --> 00:41:30,100
Like what does a hyper big 
quantizer world look like? 

719
00:41:30,100 --> 00:41:32,100
What is hyper bit? 
Quantization mean. 

720
00:41:34,300 --> 00:41:38,600
I think it's just when we get to
a place where en masse people 

721
00:41:38,600 --> 00:41:45,800
are deciding to use Bitcoin over
their local currency. 

722
00:41:45,800 --> 00:41:50,500
I think there will be some pain 
in the interim. 

723
00:41:50,700 --> 00:41:54,800
When that happens, right? 
It's an entire world running for

724
00:41:54,800 --> 00:41:58,300
the exit. 
That's not a clean transition. 

725
00:41:58,900 --> 00:42:04,900
I don't I'm not sure exactly. 
In a world where that plays out 

726
00:42:04,900 --> 00:42:09,300
how it plays out because I'd 
like to hope there's some 

727
00:42:09,600 --> 00:42:12,800
semblance of an orderly 
transition. 

728
00:42:12,800 --> 00:42:15,700
We're not too many people get 
hurt and perhaps that could be 

729
00:42:15,700 --> 00:42:21,300
mildly achieved by countries, 
beginning to use it as a reserve

730
00:42:21,300 --> 00:42:23,800
assets, backing their 
currencies. 

731
00:42:23,800 --> 00:42:26,800
So and so forth. 
Maybe that could be an instance 

732
00:42:26,800 --> 00:42:28,900
where that happens. 
But I think it's going to be a 

733
00:42:28,900 --> 00:42:33,300
little bit more of a quick like 
oh my God, you know, big More 

734
00:42:33,300 --> 00:42:36,600
and more countries are using as 
a reserve, asset, more and more 

735
00:42:36,600 --> 00:42:40,800
people don't want to hold 
dollars and Lira, and whatever 

736
00:42:40,800 --> 00:42:42,900
other currencies. 
And so they're dumping them, I 

737
00:42:42,908 --> 00:42:47,100
think there'd be some some 
degree of chaos and Forex 

738
00:42:47,100 --> 00:42:51,200
markets and things like that. 
But once that transition is 

739
00:42:51,200 --> 00:42:54,900
transition is complete. 
Well, the Things become 

740
00:42:56,600 --> 00:43:01,500
infinitely better in my opinion,
you know, people can simply 

741
00:43:02,200 --> 00:43:06,200
learn a skill. 
And capitalize on it and learn 

742
00:43:06,200 --> 00:43:09,600
from it and they don't have to 
become a professional investor. 

743
00:43:09,600 --> 00:43:14,200
They can simply earn and save 
and like magic, their money will

744
00:43:14,200 --> 00:43:17,900
still work and continue to work 
and preserve its value into 

745
00:43:17,900 --> 00:43:21,800
retirement and likely appreciate
in value, depending on 

746
00:43:21,800 --> 00:43:25,100
population and and human 
Ingenuity. 

747
00:43:25,100 --> 00:43:28,400
It's very likely that your 
savings will just have a gradual

748
00:43:28,400 --> 00:43:30,200
deflation to them. 
And I think that's a beautiful 

749
00:43:30,200 --> 00:43:33,000
thing in terms of what 
infrastructure and stuff like 

750
00:43:33,000 --> 00:43:34,600
that. 
That looks like I think they'll 

751
00:43:34,600 --> 00:43:38,800
be they'll still be services in 
and around pulling and and like,

752
00:43:39,100 --> 00:43:41,900
quote, unquote traditional 
Finance, those types of things 

753
00:43:43,300 --> 00:43:46,000
like in terms of loans, and 
people are going to want to 

754
00:43:46,000 --> 00:43:49,000
start businesses and take loans,
but I think what ends up 

755
00:43:49,000 --> 00:43:53,300
happening there. 
As we've seen there, you can't. 

756
00:43:54,200 --> 00:43:58,100
You can't print away the risk 
with Bitcoin and so that makes 

757
00:43:58,100 --> 00:44:00,300
people look at risk very 
differently. 

758
00:44:00,600 --> 00:44:03,900
You know, am I going to lend my 
Bitcoin to somebody for a few 

759
00:44:03,900 --> 00:44:07,400
percent with risk of a total 
loss? 

760
00:44:07,800 --> 00:44:12,700
No more likely, it'll be people 
that have direct relationships 

761
00:44:12,700 --> 00:44:15,600
with people that are creating 
businesses that say like, hey, 

762
00:44:16,000 --> 00:44:18,300
you know, I think you have a 
good business there. 

763
00:44:18,300 --> 00:44:21,400
Maybe I want to have a part of 
it and you know all extend a 

764
00:44:21,400 --> 00:44:24,200
loan that way but I think risk 
is going to be completely 

765
00:44:24,200 --> 00:44:29,800
repriced in a Bitcoin only world
and people will still invest in 

766
00:44:29,800 --> 00:44:35,100
things, but it will just be a 
much more calculated decision. 

767
00:44:35,300 --> 00:44:39,400
It's not going to be people 
saying, well, gee, I get my 

768
00:44:39,400 --> 00:44:43,000
paycheck and I know for a fact, 
I can't just save that. 

769
00:44:43,300 --> 00:44:48,600
So I guess I'll toss it into 
whatever fund. 

770
00:44:48,600 --> 00:44:53,400
My banker tells me too. 
I have no idea what I own not. 

771
00:44:53,500 --> 00:44:57,700
Do what companies or funds or 
whatever are in this shit mix 

772
00:44:57,700 --> 00:45:00,900
that I have in my portfolio. 
I'm just told that I should 

773
00:45:00,900 --> 00:45:04,000
expect to be able to retire on 
it and that's good enough for 

774
00:45:04,000 --> 00:45:06,300
me. 
We won't have that will have 

775
00:45:06,900 --> 00:45:10,300
people who save their money and 
then people that want to take 

776
00:45:10,300 --> 00:45:12,900
some risk and invest some of 
their money. 

777
00:45:13,000 --> 00:45:17,600
And I think that's a much better
and more sustainable world. 

778
00:45:24,200 --> 00:45:28,100
Will I'm not trying to be at the
household to say like this but 

779
00:45:28,100 --> 00:45:34,000
like what role will people like 
you who are educating have in a 

780
00:45:34,000 --> 00:45:38,200
hyper Bitcoin, I just world. 
I hope to be obsolete, to be 

781
00:45:38,200 --> 00:45:43,000
honest. 
Like I I think that the channel 

782
00:45:43,000 --> 00:45:49,600
begins to disappear when most 
people get how to create a 

783
00:45:49,600 --> 00:45:52,800
wallet. 
When people know how to secure 

784
00:45:52,800 --> 00:45:55,400
their Bitcoin themselves. 
Yeah, I don't know. 

785
00:45:55,400 --> 00:45:58,900
I think that I become less and 
less necessary and I think 

786
00:45:58,900 --> 00:46:01,500
that's a great thing. 
That's kind of the goal, right? 

787
00:46:01,600 --> 00:46:07,200
Like I don't want to constantly 
have to re-educate people on 

788
00:46:07,200 --> 00:46:10,000
things. 
I My Hope Is that they'll get 

789
00:46:10,000 --> 00:46:12,800
educated and they'll start to 
learn about how Bitcoin works 

790
00:46:12,800 --> 00:46:15,300
and then a lot of the stuff will
become more and more intuitive 

791
00:46:15,300 --> 00:46:17,600
over time so and I am still 
here. 

792
00:46:17,600 --> 00:46:20,400
Sorry my camera just crapped out
there. 

793
00:46:20,600 --> 00:46:25,100
But regardless, I want people to
be able to learn this stuff and 

794
00:46:25,100 --> 00:46:28,400
be able to be able to continue 
on their own education. 

795
00:46:28,600 --> 00:46:32,400
I don't think I'll be super 
necessary in maybe a decade but 

796
00:46:32,400 --> 00:46:37,600
perhaps, perhaps, I might be a 
little necessary if there's a 

797
00:46:37,600 --> 00:46:40,600
ton of other Innovation and apps
and different things that you 

798
00:46:40,600 --> 00:46:43,000
can do in and around because I 
so I could be wrong. 

799
00:46:43,000 --> 00:46:46,900
We'll see if it's necessary and 
there's a ton of other tools 

800
00:46:46,900 --> 00:46:50,000
that people don't intuitively 
know how to use in a decade's 

801
00:46:50,000 --> 00:46:52,400
Time. 
The maybe I'll be here with a 

802
00:46:52,400 --> 00:46:56,400
gray streak in my hair instead. 
Still teaching plebs how to use 

803
00:46:56,400 --> 00:46:58,700
the next thing for Bitcoin will 
see. 

804
00:47:00,100 --> 00:47:03,800
So I want to shift topics 
lightly, you had some pretty 

805
00:47:03,800 --> 00:47:08,100
interesting experiences to say 
the least around the protests 

806
00:47:08,100 --> 00:47:12,800
that happened in Canada. 
Can you take us through at a 

807
00:47:12,800 --> 00:47:15,200
high level sort of your 
involvement? 

808
00:47:15,200 --> 00:47:17,300
What happened? 
And really the question that I 

809
00:47:17,308 --> 00:47:21,900
want to ask you is, how did that
change your perception of 

810
00:47:23,200 --> 00:47:27,000
Bitcoin and where we are sort of
in this process of Bitcoin 

811
00:47:27,100 --> 00:47:29,200
Bitcoin. 
Becoming a much larger thing for

812
00:47:29,200 --> 00:47:31,300
more people. 
Yeah. 

813
00:47:31,400 --> 00:47:36,900
So yeah, the, the beginning of 
this year was a tough one and it

814
00:47:36,900 --> 00:47:41,300
kind of came at me pretty fast 
but so the long and the short of

815
00:47:41,300 --> 00:47:46,200
it is the the trucker protest 
basically began to materialize 

816
00:47:46,200 --> 00:47:51,900
when a number of people 
basically we're told like you 

817
00:47:51,900 --> 00:47:53,500
don't have body. 
Autonomy. 

818
00:47:53,500 --> 00:47:58,100
And if you choose not to get 
vaccinated, then as as truckers 

819
00:47:58,100 --> 00:48:01,200
you no longer allowed to cross 
the American Border back and 

820
00:48:01,200 --> 00:48:05,500
forth and so they're basically 
lost their livelihoods but that 

821
00:48:05,500 --> 00:48:10,600
also extended to even people 
traveling domestically so any 

822
00:48:10,600 --> 00:48:12,900
Canadian that wasn't vaccinated 
couldn't get on a plane, a 

823
00:48:12,900 --> 00:48:17,900
train, a boat, any sort of 
domestic travel and, and more or

824
00:48:17,900 --> 00:48:22,500
less that that has remained it. 
Had remained for extended 

825
00:48:22,500 --> 00:48:25,300
periods of Of time. 
Like up to recently, I don't 

826
00:48:25,300 --> 00:48:28,800
even know what the current what 
are what our current regulations

827
00:48:28,800 --> 00:48:31,600
are. 
Now I believe they've lessened a

828
00:48:31,600 --> 00:48:37,800
little bit but like even up 
until last month as a Canadian 

829
00:48:37,800 --> 00:48:41,200
you still couldn't even get on a
local flight but you could go to

830
00:48:41,200 --> 00:48:45,000
a hockey game with 20,000 
people, side by side without a 

831
00:48:45,008 --> 00:48:47,500
mask and it was totally fine. 
So, and is, that's kind of the 

832
00:48:47,500 --> 00:48:51,000
context around the craziness of 
some of these these restrictions

833
00:48:51,000 --> 00:48:52,800
where people lost their 
livelihood. 

834
00:48:53,100 --> 00:48:56,700
Couldn't leave the country if 
they didn't like it either, 

835
00:48:56,900 --> 00:48:58,500
right? 
So the, you know, people will 

836
00:48:58,500 --> 00:49:00,900
say, oh, if you don't like it, 
leave, well there was no option 

837
00:49:00,900 --> 00:49:03,800
because our only land border was
the US and you needed to be 

838
00:49:03,800 --> 00:49:05,400
vaccinated to cross it and you 
could. 

839
00:49:05,400 --> 00:49:08,900
So you could then couldn't get 
on a plane to fly to any country

840
00:49:08,900 --> 00:49:12,000
that didn't have restrictions. 
So that's kind of where where 

841
00:49:12,000 --> 00:49:14,400
things were at. 
So there is this ended up being 

842
00:49:14,400 --> 00:49:18,300
the largest protest in Canadian 
history and all these truckers 

843
00:49:18,300 --> 00:49:22,800
converged on Ottowa our nation's
capital on and effectively. 

844
00:49:22,900 --> 00:49:25,800
What happened was? 
There were a couple guys in and 

845
00:49:25,800 --> 00:49:27,300
around Ottawa, when was BJ 
dichter. 

846
00:49:27,300 --> 00:49:30,000
One of the organizers of the of 
the Convoy itself. 

847
00:49:30,000 --> 00:49:33,200
And then there was Nick, a, 
nobody Caribou a Bitcoin to that

848
00:49:33,200 --> 00:49:36,500
was in Ottowa supporting the 
truckers and doing some Bitcoin 

849
00:49:36,500 --> 00:49:39,200
things, they're both of them. 
I believe both of them had 

850
00:49:39,200 --> 00:49:42,800
previously posted just Bitcoin 
addresses on Twitter or just 

851
00:49:42,800 --> 00:49:45,100
raising a little bit of money. 
Things kind of got some 

852
00:49:45,100 --> 00:49:48,700
traction. 
Greg Foss, had spoken with Nick 

853
00:49:49,100 --> 00:49:53,000
and I believe BJ previously. 
And then on Twitter reached To 

854
00:49:53,008 --> 00:49:56,200
me and said, hey, is there any 
way we could accept lightning 

855
00:49:56,300 --> 00:49:59,600
donations on this? 
I said, sure I could probably 

856
00:49:59,600 --> 00:50:02,800
figure that out and I ended up 
creating a couple things. 

857
00:50:02,800 --> 00:50:08,400
One was a donation page on tally
coin, that would accept on chain

858
00:50:08,400 --> 00:50:11,700
donations and lightning 
donations to, my Bitcoin note. 

859
00:50:11,700 --> 00:50:15,600
The second was I created a 
Twitter handle called Hong Kong 

860
00:50:15,600 --> 00:50:19,200
coddle and kind of started 
posting there that hey, this is 

861
00:50:19,200 --> 00:50:24,500
a donation page and then I began
coordinating with With Nick, BJ 

862
00:50:24,900 --> 00:50:28,900
Craig Foss and Jeff Booth was 
another person that was involved

863
00:50:28,900 --> 00:50:31,900
here and we created a multisig. 
While it between all of us 

864
00:50:32,400 --> 00:50:35,800
started, migrating funds that 
went through the donations to 

865
00:50:35,800 --> 00:50:40,400
that multisig wallet just to 
prevent loss of funds through 

866
00:50:40,400 --> 00:50:45,000
user error. 
And so and my initial thought 

867
00:50:45,300 --> 00:50:47,600
was just to give an idea of 
scale. 

868
00:50:47,800 --> 00:50:52,400
I thought given the previous 
donation addresses that we, you 

869
00:50:52,400 --> 00:50:54,000
know, maybe A few thousand 
bucks. 

870
00:50:54,000 --> 00:51:00,000
So my initial goal for the 
donations was 10 million SATs on

871
00:51:00,000 --> 00:51:02,200
the page. 
We got that like almost 

872
00:51:02,200 --> 00:51:04,900
immediately. 
The first day we raised like a 

873
00:51:04,900 --> 00:51:10,300
whole Bitcoin and then in the 
span of around two weeks, we 

874
00:51:10,300 --> 00:51:14,100
raised one one-millionth of all 
Bitcoin that will ever exist. 

875
00:51:14,100 --> 00:51:17,000
So there's something like 22 
Bitcoin or something there 

876
00:51:17,000 --> 00:51:20,500
somewhere in that realm at the 
same time as this was happening 

877
00:51:20,600 --> 00:51:22,800
and forgive me for kind of 
parsing. 

878
00:51:22,900 --> 00:51:25,900
The timeline and not perfectly 
here, but the government 

879
00:51:25,900 --> 00:51:33,000
effectively declared it illegal.
So the, the protest was seen as 

880
00:51:33,000 --> 00:51:37,000
an illegal occupation of the 
nation's capital, they basically

881
00:51:37,000 --> 00:51:42,300
painted all of the protesters, 
as you know, racists or bigots 

882
00:51:42,300 --> 00:51:44,400
or whatever it was. 
And don't get me wrong, there's 

883
00:51:44,400 --> 00:51:47,800
a couple assholes down there, 
flying like, Nazi Flags, but 

884
00:51:47,800 --> 00:51:51,500
those people were promptly told 
to pounce and get the hell out 

885
00:51:51,500 --> 00:51:54,200
of there. 
So obviously, Not reflective of 

886
00:51:54,200 --> 00:51:58,600
the entire group, but the 
emergencies Act was enacted 

887
00:51:58,600 --> 00:52:03,300
which basically gave the 
government or less power to do 

888
00:52:03,300 --> 00:52:06,100
whatever they pleased. 
And so they chose a few specific

889
00:52:06,100 --> 00:52:08,700
things to do. 
One of them was to freeze bank 

890
00:52:08,700 --> 00:52:11,700
accounts of people in and around
Ottawa that were donating and 

891
00:52:11,700 --> 00:52:15,100
helping the. 
Cause another thing was they 

892
00:52:15,100 --> 00:52:18,300
gave sweeping powers to police 
and stuff like that. 

893
00:52:18,400 --> 00:52:20,600
They were basically trying to 
tackle, there was a couple 

894
00:52:20,600 --> 00:52:24,200
border closures, which were 
separate from the Main protest 

895
00:52:24,200 --> 00:52:27,300
and then they wanted to clear 
the city but in doing so yeah 

896
00:52:27,300 --> 00:52:32,500
they effectively made it illegal
to be at the protest and they 

897
00:52:32,500 --> 00:52:34,800
gave themselves. 
The ability to shut down 

898
00:52:34,800 --> 00:52:37,100
people's bank accounts and cut 
them off from the financial 

899
00:52:37,100 --> 00:52:39,700
system. 
So GoFundMe had raised millions 

900
00:52:39,700 --> 00:52:45,000
of dollars, they effectively 
prevent that from ever reaching 

901
00:52:45,100 --> 00:52:47,700
its destination Gibson. 
Go, same deal. 

902
00:52:47,900 --> 00:52:52,100
Well, they didn't bend the knee 
to the Canadian government. 

903
00:52:52,100 --> 00:52:55,900
They tried to Money over to a 
bank account that was belonging 

904
00:52:55,900 --> 00:53:00,200
to one of the organizers and TD 
Bank subsequent, subsequent 

905
00:53:00,200 --> 00:53:02,500
Froze, that money. 
So that didn't get through 

906
00:53:02,500 --> 00:53:07,700
either the Bitcoin however ended
up being given out to individual

907
00:53:07,700 --> 00:53:12,900
truckers around 14 and a half or
15 Bitcoin were put on paper 

908
00:53:12,900 --> 00:53:16,900
wallets care packages that were 
able to be swept by individuals 

909
00:53:16,900 --> 00:53:18,600
at the time was about eight 
thousand dollars. 

910
00:53:18,600 --> 00:53:21,200
Each trucker received and 
there's videos of it being given

911
00:53:21,200 --> 00:53:23,100
out and everything. 
Ali. 

912
00:53:23,100 --> 00:53:27,300
There was a bug in the wall at 
software temporarily that 

913
00:53:27,300 --> 00:53:30,100
prevented us from moving the 
last few Bitcoin out of the 

914
00:53:30,100 --> 00:53:31,900
multisig. 
The way that it works in 

915
00:53:31,900 --> 00:53:35,200
nunchuck wallet is there's an 
encrypted chat and whenever you 

916
00:53:35,200 --> 00:53:39,700
want to send Bitcoin you can 
propose a transaction and that 

917
00:53:39,700 --> 00:53:42,200
encrypted chat message gets 
relayed to everybody else and 

918
00:53:42,200 --> 00:53:45,100
anybody with a key can then sign
it the encrypted chat message 

919
00:53:45,100 --> 00:53:48,400
was not being sent through so 
somebody would try to send it 

920
00:53:48,600 --> 00:53:50,000
and nobody else would see the 
message. 

921
00:53:50,000 --> 00:53:52,200
So they weren't able to sign. 
So. 

922
00:53:52,900 --> 00:53:57,300
We're effectively trying to get 
all of those funds moved 15 

923
00:53:57,300 --> 00:53:59,900
Bitcoin went out or in and 
around their went out to 

924
00:53:59,908 --> 00:54:03,300
individual truckers which they 
still have. 

925
00:54:03,300 --> 00:54:07,100
But in the process of that 
migration, unfortunately Nick 

926
00:54:07,100 --> 00:54:12,300
had more keys as we were trying 
to get it out and his home was 

927
00:54:12,300 --> 00:54:14,800
raided by police. 
They took his laptops and all 

928
00:54:14,800 --> 00:54:17,700
that kind of stuff long. 
And the short of it is that 

929
00:54:17,700 --> 00:54:22,700
Bitcoin is now sitting in an 
escrow away. 

930
00:54:22,800 --> 00:54:24,800
Ting. 
The outcome of a lawsuit, which 

931
00:54:24,800 --> 00:54:27,000
was launched by a couple 
individuals in a business. 

932
00:54:27,000 --> 00:54:30,700
In Ottowa that said they 
suffered losses because of the 

933
00:54:30,700 --> 00:54:33,400
protests. 
And so there's something called 

934
00:54:33,400 --> 00:54:37,600
a meriva injunction which says 
that any funds in association 

935
00:54:37,600 --> 00:54:40,200
with this particular lawsuit 
need to stay put until the 

936
00:54:40,200 --> 00:54:47,600
resolution of the lawsuit. 
So the legal, I guess it's in 

937
00:54:47,600 --> 00:54:49,400
legal limbo, so it's just 
sitting there. 

938
00:54:49,400 --> 00:54:53,400
But 70% of all the Bitcoin, got 
to individual Truckers The last 

939
00:54:53,400 --> 00:54:57,500
30% is sitting in that legal 
limbo, I don't know, I'm not a 

940
00:54:57,500 --> 00:54:59,200
lawyer. 
I don't know what the result of 

941
00:54:59,200 --> 00:55:01,400
that lawsuit is going to be. 
It's probably going to take some

942
00:55:01,400 --> 00:55:04,100
time. 
So yeah, more or less. 

943
00:55:05,300 --> 00:55:07,700
When looking back at this 
situation, sorry, this is a 

944
00:55:07,700 --> 00:55:10,900
super long Round Guys. 
Yeah, it's amazing. 

945
00:55:11,400 --> 00:55:17,900
I so Lessons Learned number one,
I made two major mistakes from 

946
00:55:17,900 --> 00:55:22,000
the get-go and that kind of 
pooched, the whole thing moving 

947
00:55:22,000 --> 00:55:24,500
forward. 
So So, that even any of the 

948
00:55:24,500 --> 00:55:30,400
funds were able to be taken. 
So, maybe three, three things 

949
00:55:30,400 --> 00:55:33,800
that I would change. 
Number one tally coin is a 

950
00:55:33,800 --> 00:55:36,100
platform that allows you to 
accept Bitcoin donations at the 

951
00:55:36,100 --> 00:55:37,300
time. 
And I'm not sure if this has 

952
00:55:37,300 --> 00:55:40,400
changed since but it would 
create a new donation address, 

953
00:55:40,400 --> 00:55:44,500
not for each, don't a donator, 
but for each new fundraiser. 

954
00:55:44,900 --> 00:55:48,200
So unfortunately, when I 
uploaded the Expo bit created 

955
00:55:48,200 --> 00:55:52,300
the fundraiser, and then it had 
a single static on chain address

956
00:55:52,300 --> 00:55:55,700
which gave Very localized 
Central Point which all the 

957
00:55:55,700 --> 00:55:58,700
funds could be tracked their in.
So law enforcement was able to 

958
00:55:58,700 --> 00:56:00,800
say, okay like this one here, 
this one here. 

959
00:56:00,800 --> 00:56:04,700
We see all the funds. 
These are all these are bad 

960
00:56:04,700 --> 00:56:08,400
Bitcoin, so and so forth. 
So a better alternative that 

961
00:56:08,400 --> 00:56:11,700
would be BD, C, pay server, 
unfortunately, when I started 

962
00:56:11,700 --> 00:56:14,000
the fundraiser, I'd never used 
it. 

963
00:56:14,000 --> 00:56:16,300
I didn't know how to use it. 
I fixed that now. 

964
00:56:16,600 --> 00:56:20,600
And I've now created a tutorial 
on how to use BTC, Pacer to the 

965
00:56:20,600 --> 00:56:25,600
funds, were not coined joint and
This again was a mistake in and 

966
00:56:25,600 --> 00:56:29,500
around how quickly we wanted to 
get it to multisig because how 

967
00:56:29,500 --> 00:56:32,300
quickly the funds were building 
up having one person with 

968
00:56:32,300 --> 00:56:35,300
control of that would not have 
been ideal, so they're in 

969
00:56:35,300 --> 00:56:38,900
multisig but then afterwards is 
like, oh crap, a lot of money is

970
00:56:38,900 --> 00:56:41,400
here. 
This should be coin joint in my 

971
00:56:41,400 --> 00:56:45,700
opinion anyways, so it would 
have been better if the BTC pay 

972
00:56:45,700 --> 00:56:49,600
server when a despero wallet did
around a coin and then the coin 

973
00:56:49,600 --> 00:56:51,200
went into the multisig from 
there. 

974
00:56:51,500 --> 00:56:54,900
That would have been ideal and 
Third is in and around the 

975
00:56:54,900 --> 00:56:59,800
legality of things, something 
that was previously legal became

976
00:56:59,800 --> 00:57:03,000
illegal. 
And so when we had the multisig,

977
00:57:03,200 --> 00:57:07,300
it was all publicly identifiable
bitcoiners that are Canadians 

978
00:57:07,300 --> 00:57:11,900
and in Canada. 
And so when it's illegal protest

979
00:57:12,100 --> 00:57:15,100
and you assume it's not going to
be a lot of money, it's not that

980
00:57:15,100 --> 00:57:16,800
big of a deal to have 
identifiable. 

981
00:57:16,800 --> 00:57:19,800
Bitcoiners in fact, it's 
preferable because everybody is 

982
00:57:19,800 --> 00:57:22,500
thinking don't trust verify who 
has this money? 

983
00:57:22,900 --> 00:57:26,200
So we identified and ourselves 
so that people wouldn't be 

984
00:57:26,207 --> 00:57:29,000
freaking out about where this 
money was, and who had it. 

985
00:57:29,700 --> 00:57:33,600
Unfortunately, in that instance,
when the government doesn't like

986
00:57:33,600 --> 00:57:36,800
you, that becomes a major issue,
especially since we're all in 

987
00:57:36,800 --> 00:57:38,800
the country. 
So I would change, I would go 

988
00:57:38,800 --> 00:57:42,000
back and I would, rather than 
having the actual key holders, 

989
00:57:42,000 --> 00:57:46,600
be publicly identifiable. 
I would have individuals vet the

990
00:57:46,600 --> 00:57:49,500
key holders. 
So, as an example of myself, I 

991
00:57:49,500 --> 00:57:52,600
would be like, hey, I'm putting 
my reputation on the line. 

992
00:57:53,000 --> 00:57:57,800
And I Know Who Holds this key. 
I don't personally, but I vet 

993
00:57:57,800 --> 00:57:59,700
the person. 
So if they do something Shady, 

994
00:57:59,700 --> 00:58:02,900
it's going to fall back on me. 
Then there's at least a little 

995
00:58:02,900 --> 00:58:07,100
bit of don't trust verify their 
and so you know, then somebody 

996
00:58:07,100 --> 00:58:08,700
kicks in my door and demands the
key. 

997
00:58:08,700 --> 00:58:11,900
Well, I don't have it, I can 
tell you who has it? 

998
00:58:11,900 --> 00:58:13,600
But maybe they're not even in 
the country. 

999
00:58:13,800 --> 00:58:16,600
So those are kind of the main 
things that I would change. 

1000
00:58:16,600 --> 00:58:20,300
New, receiving address, every 
time you receive a donation, 

1001
00:58:20,300 --> 00:58:22,600
which would be BTC pay server 
core. 

1002
00:58:22,700 --> 00:58:27,000
Join join all funds after they 
come in, multisig was still 

1003
00:58:27,000 --> 00:58:28,900
good. 
I'd probably do it two of three,

1004
00:58:28,900 --> 00:58:31,500
instead of three or five because
three or five was very difficult

1005
00:58:31,500 --> 00:58:35,300
to coordinate and then have the 
key holders vetted. 

1006
00:58:35,300 --> 00:58:38,100
But not identified, that would 
be my take away. 

1007
00:58:38,300 --> 00:58:42,200
So there you go. 
If you're if you're in an 

1008
00:58:42,200 --> 00:58:44,900
adversarial environment trying 
to fundraise. 

1009
00:58:45,600 --> 00:58:47,400
There's there's a road map I 
suppose. 

1010
00:58:50,400 --> 00:58:54,700
Out humidity. 
And I was meeting. 

1011
00:58:54,700 --> 00:58:56,600
I just said that was incredible.
Thank you so much for coming 

1012
00:58:56,600 --> 00:58:59,000
through that with us. 
No worries. 

1013
00:58:59,000 --> 00:59:02,000
No worries one day, I'll figure 
it out. 

1014
00:59:02,000 --> 00:59:05,700
But today is not that day. 
You're honest. 

1015
00:59:05,700 --> 00:59:10,200
I've given up hope I want to 
create a button that Chris can 

1016
00:59:10,200 --> 00:59:12,200
press. 
Every single time p is just 

1017
00:59:12,200 --> 00:59:14,900
muted, just like that won't 
more. 

1018
00:59:15,800 --> 00:59:17,800
I haven't had a problem. 
Yeah. 

1019
00:59:19,500 --> 00:59:24,000
Man, what a journey? 
Yeah, I can't even imagine I 

1020
00:59:24,000 --> 00:59:27,600
want to ask because like we 
talked a little bit about this 

1021
00:59:27,700 --> 00:59:30,400
at the beginning of the show. 
How, you know, if you had asked 

1022
00:59:30,400 --> 00:59:34,100
me a year ago, would the 
Canadian government takes such 

1023
00:59:34,100 --> 00:59:36,400
Draconian measures against its 
own citizens? 

1024
00:59:36,400 --> 00:59:39,800
I would have, I would have said 
no candidly. 

1025
00:59:39,900 --> 00:59:47,400
Like, I would have what, what do
people, who are not in Canada, 

1026
00:59:47,700 --> 00:59:52,700
need to learn From this 
experience so that they 

1027
00:59:52,700 --> 00:59:55,600
themselves, do not have to go 
through this, nightmare that 

1028
00:59:55,900 --> 00:59:59,800
yourself truckers and countless 
others had to experience. 

1029
01:00:01,500 --> 01:00:05,800
I think see this is a difficult 
one because people become very 

1030
01:00:05,800 --> 01:00:09,400
complacent and willing to put up
with a lot of crap. 

1031
01:00:09,400 --> 01:00:16,800
Right? 
Myself included and so I think 

1032
01:00:16,800 --> 01:00:21,200
the the main takeaway is to 
always you know be willing to 

1033
01:00:21,200 --> 01:00:24,600
push back even on the 
politicians that you think you 

1034
01:00:24,600 --> 01:00:31,800
agree with hold them to task but
also be Be so Sovereign, right? 

1035
01:00:31,800 --> 01:00:36,700
The the only really the only 
thing that worked here was was 

1036
01:00:36,700 --> 01:00:41,600
the censorship resistant money 
and not even perfectly because 

1037
01:00:42,300 --> 01:00:47,400
the tools weren't used to their 
full extent, but I would say be 

1038
01:00:47,400 --> 01:00:51,500
as self-solving as possible 
while still holding anybody that

1039
01:00:51,500 --> 01:00:54,800
does have influence in 
Government to a high standard 

1040
01:00:55,000 --> 01:00:56,900
and hold them to task as best 
you can. 

1041
01:00:57,000 --> 01:01:01,600
I think always maybe just Hedge 
for the worst possible outcome. 

1042
01:01:01,600 --> 01:01:05,200
So, as I was saying in my 
instance, I made a couple of 

1043
01:01:05,200 --> 01:01:08,900
assumptions that one we wouldn't
raise much money into that. 

1044
01:01:09,300 --> 01:01:14,700
It would remain legal to have a 
peaceful protest and neither of 

1045
01:01:14,700 --> 01:01:17,600
those things remained true. 
Had I gone in with the 

1046
01:01:17,600 --> 01:01:21,300
assumption that maybe we're 
going to raise a lot of money 

1047
01:01:21,300 --> 01:01:24,700
and maybe this is going to 
become a legal, I would have 

1048
01:01:24,700 --> 01:01:29,500
gone through all of those. 
All of those steps to ensure 

1049
01:01:29,500 --> 01:01:34,400
that it would remain resistant 
through all of that and I see in

1050
01:01:34,400 --> 01:01:37,300
the chat here, Alexander using 
paint him. 

1051
01:01:37,400 --> 01:01:39,400
Absolutely paintings are 
awesome. 

1052
01:01:39,400 --> 01:01:43,300
And again I started to learn go 
down that rabbit hole after all 

1053
01:01:43,300 --> 01:01:45,500
of this went through. 
So I've now made a couple 

1054
01:01:45,500 --> 01:01:48,300
tutorials on how to use paint 
IMS both on Samurai and on 

1055
01:01:48,300 --> 01:01:50,100
Sparrow wallet and they're 
awesome. 

1056
01:01:50,100 --> 01:01:52,600
So anybody watching that doesn't
know what a pain him is, it's 

1057
01:01:52,600 --> 01:01:57,100
basically an public identifier 
that you can share with them. 

1058
01:01:57,200 --> 01:01:59,500
Without sharing a Bitcoin 
address. 

1059
01:01:59,500 --> 01:02:03,100
And then that means there's no 
easy centralized point of 

1060
01:02:03,100 --> 01:02:08,100
saying, oh, this address belongs
to this person and now I can 

1061
01:02:08,100 --> 01:02:10,800
begin to track their funds and 
begin to piece together what 

1062
01:02:10,800 --> 01:02:12,400
they have. 
So a paint him. 

1063
01:02:12,500 --> 01:02:16,200
Somebody can link to you and 
then they'll be able to generate

1064
01:02:16,200 --> 01:02:19,900
addresses for you to be able to 
send you money without you 

1065
01:02:19,900 --> 01:02:23,000
having to publish a post in a 
public forum an address that 

1066
01:02:23,000 --> 01:02:25,200
somebody that anybody could 
audit. 

1067
01:02:25,200 --> 01:02:30,700
So I love it. 
P. 

1068
01:02:30,700 --> 01:02:33,800
I have a fun. 
So our topic question. 

1069
01:02:34,200 --> 01:02:39,400
So unless you have something 
more to contribute, I want to 

1070
01:02:39,400 --> 01:02:41,500
Sidetrack. 
Us completely go for it. 

1071
01:02:41,508 --> 01:02:44,700
Did PTC the last time you and I 
got a chance to really talk. 

1072
01:02:44,700 --> 01:02:48,400
I was on your show and you 
admit, and I'm not shy to admit 

1073
01:02:48,400 --> 01:02:50,700
it. 
Like we're MCU nerds, love, and 

1074
01:02:50,700 --> 01:02:51,700
thunder. 
Did you see it? 

1075
01:02:51,700 --> 01:02:54,100
Did you like it? 
This is the first one that I 

1076
01:02:54,100 --> 01:02:56,000
haven't seen. 
Like, right out of the gate. 

1077
01:02:56,000 --> 01:02:57,900
Sadly, it's because I was on a 
road trip. 

1078
01:02:57,900 --> 01:02:59,700
So, I was doing Workshop in 
Vancouver. 

1079
01:02:59,700 --> 01:03:04,800
So I left two days prior to a 
coming out, but me and my wife 

1080
01:03:04,800 --> 01:03:07,000
are in the midst of setting up 
date night so we can go to it 

1081
01:03:07,000 --> 01:03:09,600
because that's, that's her 
Hollywood Crush. 

1082
01:03:09,700 --> 01:03:14,800
So I'll, I'll take that L right 
there. 

1083
01:03:14,900 --> 01:03:17,300
I'm no Chris Hemsworth, but I'll
try. 

1084
01:03:18,700 --> 01:03:20,200
All right, so, who's your 
Hollywood crash? 

1085
01:03:20,200 --> 01:03:23,300
We heard of your wives. 
Oh, Anna day our Moss. 

1086
01:03:23,400 --> 01:03:28,200
Oh yes, yes, she is great. 
But I mean, my wife finds her 

1087
01:03:28,200 --> 01:03:31,500
super Hot too. 
So we're together on that one. 

1088
01:03:33,400 --> 01:03:35,400
I love that. 
I love that for you guys. 

1089
01:03:35,400 --> 01:03:38,700
Been, I want to give you the 
opportunity to also answer. 

1090
01:03:38,700 --> 01:03:42,100
Have you ever been to Amsterdam 
and what do you? 

1091
01:03:42,500 --> 01:03:44,200
What's the first thing that 
comes to your mind when you 

1092
01:03:44,200 --> 01:03:47,300
think of the city? 
I have been to Amsterdam. 

1093
01:03:47,400 --> 01:03:51,700
I was there actually with my 
wife for. 

1094
01:03:51,800 --> 01:03:55,700
We were like we're not married 
yet but in 2012 we went 

1095
01:03:55,700 --> 01:03:58,500
backpacking through Europe for 
three and a half months. 

1096
01:03:58,600 --> 01:04:03,200
So Amsterdam was the first place
that we got two together and is 

1097
01:04:03,200 --> 01:04:04,900
a great City. 
I really enjoyed it. 

1098
01:04:04,900 --> 01:04:09,200
The canals are amazing. 
We so I don't, I don't really 

1099
01:04:09,200 --> 01:04:13,500
smoke a lot of weed, but we 
decided to partake while we were

1100
01:04:13,500 --> 01:04:19,300
there and I we were staying in 
this little hostile Hotel. 

1101
01:04:19,300 --> 01:04:21,700
I'm not sure exactly what it 
was, but we're basically in an 

1102
01:04:21,700 --> 01:04:25,700
attic. 
And to set the to set the stage 

1103
01:04:25,700 --> 01:04:28,400
of where we were the stairs were
so steep in this place. 

1104
01:04:28,600 --> 01:04:31,200
That I could stand in front of 
the staircase and reach my arm 

1105
01:04:31,200 --> 01:04:34,100
out, straight in front of me and
I would be touching a stair. 

1106
01:04:34,100 --> 01:04:37,200
That's how steep they were. 
So we had to Traverse this in 

1107
01:04:37,200 --> 01:04:41,600
our giant backpacks, but down at
the, the main check-in area, 

1108
01:04:41,600 --> 01:04:44,500
tiny little cafe, the whole 
place reeks of weed. 

1109
01:04:44,500 --> 01:04:47,100
And then they had an assortment 
of Edibles there. 

1110
01:04:47,100 --> 01:04:50,500
And so we grab, we picked up a 
space muffin. 

1111
01:04:50,500 --> 01:04:55,900
And the dude at the front desk 
asked, if we smoke very often, I

1112
01:04:55,900 --> 01:05:00,300
was like, last time I had any 
Maybe Six months ago, he was 

1113
01:05:00,300 --> 01:05:02,600
like, who you guys better split 
this? 

1114
01:05:03,100 --> 01:05:06,500
It's so we did. 
And so we each had half a space 

1115
01:05:06,500 --> 01:05:11,000
muffin and we walked around for 
about an hour and we both 

1116
01:05:11,000 --> 01:05:14,000
couldn't really feel anything 
and right as we were saying, how

1117
01:05:14,000 --> 01:05:17,100
much we couldn't feel it. 
It was like somebody punched me 

1118
01:05:17,100 --> 01:05:25,700
directly in the brain just and 
and my wife heard me say, oh my 

1119
01:05:25,700 --> 01:05:27,800
God. 
And she's like, what? 

1120
01:05:27,800 --> 01:05:29,800
I don't know. 
No, I still don't feel anything 

1121
01:05:29,900 --> 01:05:33,500
and then she went silent for 
about 30 seconds as she went 

1122
01:05:33,500 --> 01:05:37,500
through the exact same process 
and then we just wandered 

1123
01:05:37,600 --> 01:05:41,100
aimlessly. 
And we're super paranoid and 

1124
01:05:41,100 --> 01:05:44,500
somehow eventually made our way 
back to our hostel, where we, 

1125
01:05:44,500 --> 01:05:49,100
then, like sat, and, and kept 
on, are you okay? 

1126
01:05:49,200 --> 01:05:50,400
Yeah, I'm okay. 
Are you okay? 

1127
01:05:51,100 --> 01:05:53,600
So there's a lot of that but 
there's a really, maybe I'll 

1128
01:05:53,600 --> 01:05:57,000
find it, but there's a really 
great picture of us that we 

1129
01:05:57,000 --> 01:06:00,000
managed to snap. 
Like we've never been this high 

1130
01:06:00,000 --> 01:06:04,700
before so we'll just get a good 
like selfie style and our eyes 

1131
01:06:05,000 --> 01:06:09,300
are just pasted together and 
just mad. 

1132
01:06:09,300 --> 01:06:12,100
Yeah. 
So I will tweet that I will find

1133
01:06:12,100 --> 01:06:15,200
it and I will tweet that photo 
out after the show. 

1134
01:06:15,500 --> 01:06:18,800
Okay do it. 
That is hilarious Im so sorry 

1135
01:06:18,800 --> 01:06:22,100
that you have that experience. 
I'm definitely going to bully 

1136
01:06:22,100 --> 01:06:24,900
you into taking some sort of a 
space cake or smoking. 

1137
01:06:24,900 --> 01:06:26,900
A joint with the in Amsterdam 
while we're there. 

1138
01:06:27,000 --> 01:06:31,000
Dude, I well first, I gotta Make
sure that I'm going, I gotta, I 

1139
01:06:31,000 --> 01:06:36,400
do want to go, I don't know if 
I'm, if I don't know in what 

1140
01:06:36,400 --> 01:06:40,600
capacity, but I would love to 
maybe partake and speak or 

1141
01:06:40,600 --> 01:06:42,400
something, whatever, whatever is
needed. 

1142
01:06:42,400 --> 01:06:45,800
So yeah, amazing, you heard it 
here first Alex? 

1143
01:06:47,000 --> 01:06:51,200
Yeah Alex get me there. 
Yeah, I want to ask but just as 

1144
01:06:51,200 --> 01:06:54,100
we're kind of wrapping up, I 
know you've been doing some 

1145
01:06:54,100 --> 01:06:57,100
workshops and in-person workshop
specifically around using the 

1146
01:06:57,100 --> 01:06:59,700
cold card can You like, what's 
going on there? 

1147
01:06:59,700 --> 01:07:01,600
Can you tell people about it? 
How can they learn more about 

1148
01:07:01,600 --> 01:07:05,700
these? 
Yeah, so, so I just did my first

1149
01:07:05,700 --> 01:07:08,200
in-person Workshop. 
I've done plenty of like 

1150
01:07:08,200 --> 01:07:11,400
one-on-ones with people. 
People are always asking, like 

1151
01:07:11,400 --> 01:07:15,300
despite the fact and I should 
caveat this by saying I always 

1152
01:07:15,300 --> 01:07:18,700
have free stuff. 
So anybody who wants to learn, 

1153
01:07:18,700 --> 01:07:21,600
there's always going to be free 
videos on what you want to 

1154
01:07:21,600 --> 01:07:25,200
learn. 
However, some people they just 

1155
01:07:25,200 --> 01:07:30,200
want that extra hand holding and
the Leti to like on the Fly, be 

1156
01:07:30,200 --> 01:07:34,400
like, what is this, what you 
know, how there's something I 

1157
01:07:34,400 --> 01:07:38,100
encountered that wasn't in the 
tutorial and like they just want

1158
01:07:38,300 --> 01:07:41,800
an hour of me sitting there with
them and so I do a lot of one on

1159
01:07:41,800 --> 01:07:44,600
ones like that where people go 
and they'll book me for an hour 

1160
01:07:44,600 --> 01:07:46,700
on my website. 
However, I thought it would be 

1161
01:07:46,700 --> 01:07:49,200
kind of cool to be able to have 
a classroom setting and like 

1162
01:07:49,200 --> 01:07:52,500
have an in-depth like deep dive 
Workshop. 

1163
01:07:52,900 --> 01:07:58,100
So I did my first set of those 
in Vancouver on the 16th of 

1164
01:07:58,100 --> 01:08:00,800
July. 
Just this past, you know, five 

1165
01:08:00,800 --> 01:08:03,300
days ago, six days ago, whatever
it was and they were great. 

1166
01:08:03,300 --> 01:08:08,000
So I did a learning self custody
workshop and it was like a 

1167
01:08:08,000 --> 01:08:12,200
three-hour, kind of marathon. 
So everything from like getting 

1168
01:08:12,200 --> 01:08:17,000
your funds off the exchange 
setting up a basic wallet using 

1169
01:08:17,000 --> 01:08:20,600
it doing transactions, 
understanding transaction fees 

1170
01:08:20,700 --> 01:08:22,600
deleting and restoring your 
wallet. 

1171
01:08:22,600 --> 01:08:26,200
We got into using lightning and 
showing how Moon Works versus 

1172
01:08:26,200 --> 01:08:28,000
how blue works and different 
backups. 

1173
01:08:28,500 --> 01:08:31,100
Then we discussed different 
types of Hardware. 

1174
01:08:31,100 --> 01:08:34,700
So I gave a rundown of kind of 
all the top Hardware options out

1175
01:08:34,700 --> 01:08:38,700
there to kind of set them on 
their next steps towards self 

1176
01:08:38,700 --> 01:08:41,600
custody and security. 
So that was kind of the morning 

1177
01:08:41,600 --> 01:08:45,000
session and then in the 
afternoon session we did a four 

1178
01:08:45,000 --> 01:08:51,100
hour Deep dive on cold card and 
so again that ran the gamut of 

1179
01:08:51,100 --> 01:08:53,500
kind of the Zero to Hero basics 
of setting. 

1180
01:08:53,500 --> 01:08:56,100
The thing up, backing it up 
using it. 

1181
01:08:56,100 --> 01:08:58,399
Are gapping transactions 
restoring. 

1182
01:08:58,500 --> 01:09:02,800
A device so on and so forth. 
So we did all of that and then 

1183
01:09:02,800 --> 01:09:07,500
we do Vin in the later Parts 
into some of the more advanced 

1184
01:09:07,500 --> 01:09:10,800
features and how they work and 
what they do and how to use 

1185
01:09:10,800 --> 01:09:14,500
them. 
So it was, it was pretty, pretty

1186
01:09:14,500 --> 01:09:17,300
great in my opinion. 
I learned a lot and I'll be able

1187
01:09:17,300 --> 01:09:19,200
to tweak and make them even 
better. 

1188
01:09:19,200 --> 01:09:24,600
I think moving forward. 
What I will probably do next 

1189
01:09:24,600 --> 01:09:28,200
time I do one of these which I'm
not entirely sure when, but I'd 

1190
01:09:28,200 --> 01:09:31,200
like to To do more traveling 
workshops, I think I'll always 

1191
01:09:31,200 --> 01:09:35,500
do a short, one-hour beginner 
session for free at the 

1192
01:09:35,500 --> 01:09:40,300
beginning of the day, and then 
I'll probably have to deep Dives

1193
01:09:40,399 --> 01:09:43,500
for the rest of the day. 
Cold card will probably remain 

1194
01:09:43,500 --> 01:09:46,899
because that one I feel like 
went really well, but I'd also 

1195
01:09:46,899 --> 01:09:50,700
like to do, maybe something 
unknown Odes, or maybe something

1196
01:09:50,700 --> 01:09:54,200
on different privacy tools or 
maybe something on multisig, 

1197
01:09:55,200 --> 01:09:57,700
lots of options there. 
But yeah, I basically want 

1198
01:09:57,700 --> 01:10:02,300
people to be able to Along and 
come and like really get into 

1199
01:10:02,300 --> 01:10:04,500
the nitty-gritty and start using
some of this stuff and 

1200
01:10:04,500 --> 01:10:06,700
experimenting. 
I think it's incredibly useful. 

1201
01:10:07,800 --> 01:10:09,900
I love it. 
That's fucking awesome, man. 

1202
01:10:10,000 --> 01:10:13,100
Where can people find you on 
Twitter? 

1203
01:10:14,500 --> 01:10:16,400
YouTube. 
How can they get access to 

1204
01:10:16,400 --> 01:10:18,600
amazing content? 
Yeah man. 

1205
01:10:18,600 --> 01:10:21,500
So you can follow me on Twitter 
at BTC sessions. 

1206
01:10:21,500 --> 01:10:25,100
You can also find me on YouTube 
to search PTC sessions are tons 

1207
01:10:25,100 --> 01:10:27,300
of stuff there. 
But yeah, you can subscribe to 

1208
01:10:27,300 --> 01:10:31,500
that channel and then I also 
have a website BTC sessions .c a

1209
01:10:31,600 --> 01:10:32,900
because I'm in Canada, of 
course. 

1210
01:10:32,900 --> 01:10:35,600
But that's where people would 
find me if they want to actually

1211
01:10:35,600 --> 01:10:40,400
book like a one-on-one, you 
know, online kind of individual 

1212
01:10:40,400 --> 01:10:43,100
session try to help you through 
whatever you want. 

1213
01:10:43,100 --> 01:10:45,800
So yeah, those kind of the In 
Maine places that you can find 

1214
01:10:45,800 --> 01:10:47,900
me. 
Love it, love it. 

1215
01:10:49,200 --> 01:10:52,500
Well, on that note, I want to 
thank you for joining us today. 

1216
01:10:52,500 --> 01:10:55,100
Also for going 15 minutes over, 
this has been a fantastic 

1217
01:10:55,100 --> 01:10:57,100
conversation. 
Also, thank you for contributing

1218
01:10:57,100 --> 01:10:58,800
so much to bitcoin. 
Your content is fucking 

1219
01:10:58,800 --> 01:11:00,100
incredible. 
In case that wasn't clear that 

1220
01:11:00,100 --> 01:11:01,500
people listening. 
Check it out. 

1221
01:11:01,600 --> 01:11:03,800
BBC Sessions has amazing stuff 
out there. 

1222
01:11:03,800 --> 01:11:08,000
So most cogent well-organized 
thoughtful tutorials on bitcoin